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Page 1
     2025           Laporan Tahunan
                    Annual Report




     Melaju Lewat
     Kekuatan Masa Depan
     Accelerating Through Future Strengths




Intiland. Developing your world.             www.intiland.com
Page 2
SANGGAHAN DAN BATASAN TANGGUNG JAWAB
DISCLAIMER AND LIMITATION OF LIABILITY

Laporan Tahunan ini mencakup pernyataan            This Annual Report includes statements
mengenai kondisi keuangan, hasil operasi,          regarding    the     financial     condition,
kebijakan, proyeksi, rencana, strategi, serta      operational results, policies, projections,
tujuan    Perseroan,     yang    dikategorikan     plans, strategies, and objectives of the
sebagai     pernyataan      prospektif    sesuai   Company, which are categorized as forward-
dengan peraturan perundang-undangan                looking statements in accordance with
yang berlaku, terkecuali untuk informasi           applicable laws and regulations, except for
yang bersifat historis. Pernyataan tersebut        historical information. These statements
mengandung adanya potensi risiko dan               contain potential risks and uncertainties
ketidakpastian yang dapat menyebabkan              that may cause actual results to differ
hasil aktual yang terjadi berbeda secara           materially from those reported.
material dari yang dilaporkan.


Pernyataan     prospektif     dalam      Laporan   The forward-looking statements in this
Tahunan ini disusun berdasarkan asumsi             Annual Report are based on assumptions
mengenai kondisi saat ini dan masa                 about current and future conditions, as well
depan, serta lingkungan bisnis tempat              as the business environment in which the
Perseroan     beroperasi.    Perseroan     tidak   Company operates. The Company does not
memberikan jaminan bahwa dokumen                   guarantee that the verified documents will
yang telah diverifikasi kebenarannya akan          result in specific outcomes as expected.
menghasilkan hasil tertentu sebagaimana
yang diharapkan.


Laporan Tahunan ini menggunakan istilah            This   Annual   Report   uses     the   terms
"Intiland”, “Perseroan", dan "Perusahaan",         "Intiland”, “Company", and “Corporation",
yang merujuk pada PT Intiland Development          which refer to PT Intiland Development
Tbk, sebuah perusahaan yang bergerak di            Tbk, a company engaged in the property
industri properti. Dalam beberapa konteks,         industry. In certain contexts, the word "we"
kata "kami" digunakan untuk mempermudah            is used for convenience in referring to PT
penyebutan PT Intiland Development Tbk             Intiland Development Tbk in general.
secara umum.




 2        PT Intiland Development Tbk                                                         Laporan Tahunan 2025 Annual Report
Page 3
PENJELASAN TEMA
THEME EXPLANATION



                                      “Unggul sebagai pengembang properti terpercaya dengan
Melaju Lewat                          sumber daya serta daya saing kompetitif. Beradaptasi
                                      dan bertransformasi membangun langkah inovasi untuk
Kekuatan Masa                         kekuatan dan daya saing di masa depan.”
                                      “Excelling as a trusted property developer with resources
Depan                                 and a sharp competitive edge. Adapting and transforming
                                      to build innovative steps for future strength and
Accelerating Through                  competitiveness.”

Future Strengths                      Tahun 2025 menjadi fase penting bagi Intiland. Di tengah peluang dan
                                      tantangan mewarnai dinamika industri properti nasional, Intiland
                                      konsisten memperkukuh kekuatan dan sumber daya sebagai modal
                                      berharga untuk memastikan transformasi berjalan sesuai rencana.
                                      Menjaga stabilitas kinerja dan efisiensi operasional menjadi prioritas
                                      terpenting untuk menciptakan pertumbuhan usaha.

                                      Berbekal rekam jejak dan pengalaman panjang berkiprah di industri
                                      properti nasional, Perseroan melalui tahun 2025 dengan hasil cukup
                                      baik. Perseroan menorehkan sejumlah capaian penting dari aspek
                                      implementasi strategi, konsolidasi usaha, struktur keuangan, dan
                                      kinerja operasional di tengah munculnya ketidakpastian investasi dan
                                      perekonomian. Membangun ketahanan usaha, meningkatkan daya
                                      saing, dan menjaga seluruh sumber daya menjadi langkah strategis
                                      untuk mencapai target dan prioritas pertumbuhan jangka panjang.

                                      Tahun 2025 menjadi titik balik proses transformasi Intiland. Dengan
                                      susunan manajemen baru yang profesional, Perseroan merumuskan
                                      sasaran, strategi, dan prioritas baru sebagai kompas untuk memperkuat
                                      daya saing masa depan dan tumbuh secara berkelanjutan.

                                      The year 2025 marks a pivotal phase for Intiland. Amidst the
                                      opportunities and challenges shaping the dynamics of the national
                                      property industry, Intiland consistently reinforces its strengths and
                                      resources as valuable assets to ensure that transformation proceeds
                                      according to plan. Maintaining performance stability and operational
                                      efficiency remains the utmost priority for generating business growth.

                                      Leveraging a proven track record and extensive experience within the
                                      national property industry, the Company concluded 2025 with favorable
                                      results. The Company successfully recorded several key achievements in
                                      strategic implementation, business consolidation, financial structure,
                                      and operational performance, despite the emergence of investment
                                      and economic uncertainties. Building business resilience, enhancing
                                      competitiveness, and safeguarding all resources have become strategic
                                      steps toward achieving long-term growth targets and priorities.

                                      The year 2025 serves as a turning point in Intiland's transformation
                                      process. With a new professional management structure, the Company
                                      has formulated new objectives, strategies, and priorities to serve as
                                      a compass for strengthening future competitiveness and achieving
                                      sustainable growth.




 Annual Report 2025 Laporan Tahunan                                           PT Intiland Development Tbk      3
Page 4
KESINAMBUNGAN TEMA
CONTINUITY OF THEME



                                   2024



                                  Menjelajahi Peluang, Menghadapi
                                  Tantangan
                                  Navigating Opportunities,
                                  Embracing Challenges




                                   2023



                                  Mempertahankan Kekuatan di
                                  Tengah Dinamika
                                  Sustaining Strength Amidst
                                  Dynamics




4   PT Intiland Development Tbk                      Laporan Tahunan 2025 Annual Report
Page 5
                                      2022



                                     Mengoptimalkan Sumber Daya untuk
                                     Menciptakan Peluang Tanpa Batas
                                     Optimizing Resources to Create
                                     Unlimited Opportunities




                                      2021



                                     Konsolidasi Kompetensi untuk
                                     Mendefinisikan Kembali Masa Depan
                                     Consolidating Competencies to
                                     Redefine the Future




Annual Report 2025 Laporan Tahunan                       PT Intiland Development Tbk   5
Page 6
DAFTAR ISI                                                     Struktur Organisasi
                                                               Organization Structure
                                                                                                                          78

TABLE OF CONTENT                                               Daftar Keanggotaan Organisasi atau Asosiasi                80
                                                               Members of Organization or Association

                                                               Profil Direksi                                             81
                                                               Board of Directors Profile
Sanggahan dan Batasan Tanggung Jawab                      2
Disclaimer and Limitation of Liability
                                                               Profil Dewan Komisaris                                     85
                                                               Board of Commissioners Profile
Penjelasan Tema                                           3
Theme Explanation
                                                               Hubungan Afiliasi Antara Dewan Komisaris, Direksi          92
                                                               dan Pemegang Saham Utama/Pengendali
Kesinambungan Tema                                        4
Continuity of Theme                                            Affiliate Relations Between Board of Commissioners,
                                                               Directors, and Majority/Controlling Shareholders
Daftar Isi                                                6
Table of Content                                               Sumber Daya Manusia                                        94
                                                               Human Resources
IKHTISAR KINERJA
PERFORMANCE HIGHLIGHT                                     8    Informasi Pemegang Saham                                   98
                                                               Information of Shareholders
Ikhtisar Kinerja 2025                                     10
Performance Highlights 2025                                    Informasi Pemegang Saham Utama Dan Pengendali              103
                                                               Information on Major and Controlling Shareholder
Ikhtisar Data Keuangan Penting                            12
Key Financial Information Highlights                           Struktur Grup Perusahaan Per 31 Desember 2025              104
                                                               Company Group Structure as of December 31, 2025
Grafik Ikhtisar Data Keuangan Penting                     15
Key Financial Information Highlights Charts                    Entitas Anak, Entitas Asosiasi, dan Ventura Bersama        106
                                                               Information on Subsidiaries, Associates, and Joint
Ikhtisar Saham                                            17   Venture
Share Highlights
                                                               Kronologi Pencatatan Saham                                 109
Peristiwa Penting 2025                                    19   Chronology of Share Listing
Events Highlights 2025
                                                               Informasi tentang Efek Lainnya                             110
Penghargaan dan Sertifikasi                               23   Information about Other Securities
Awards and Certification
                                                               Informasi tentang Akuntan Publik dan Kantor Akuntan        110
LAPORAN MANAJEMEN                                              Publik
MANAGEMENT REPORT                                         24   Information on Public Accountants and Public
                                                               Accounting Firms
Laporan Dewan Komisaris                                   26
Report of the Board of Commissioners                           Lembaga dan Profesi Penunjang Pasar Modal                  112
                                                               Capital Market Supporting Institutions and
Laporan Direksi                                           36   Professionals
Report of the Board of Directors
                                                               Informasi pada Situs Web Perusahaan                        113
Surat Pernyataan Anggota Direksi dan Anggota Dewan        52   Information on the Company Website
Komisaris tentang Tanggung Jawab atas Laporan
Tahunan 2025 PT Intiland Development Tbk                       Program Pelatihan dan/atau Pengembangan Dewan              116
Statement Letter of the Members of the Directors               Komisaris, Direksi, Komite-Komite, Sekretaris
and the Board of Commisioners Relating to the                  Perusahaan, dan Audit Internal
Responsibility of the 2025 Annual Report of PT Intiland        Training and/or Development Program for Board of
Development Tbk                                                Commissioners, Directors, Committees, Corporate
                                                               Secretary, and Internal Audit
PROFIL PERUSAHAAN
COMPANY PROFILE                                           54   ANALISA & PEMBAHASAN MANAJEMEN
                                                               MANAGEMENT DISCUSSION & ANALYSIS                          126
Data Perusahaan                                           56
Company Data                                                   Tinjauan Bisnis                                            128
                                                               Business Outlook
Riwayat Singkat Perusahaan                                58
Company at Glance                                              Tinjauan Operasional                                       128
                                                               Operation Outlook
Peristiwa Penting Perusahaan                              64
Corporate Milestone                                            Tinjauan Segmen Usaha                                      131
                                                               Business Segment Overview
Visi, Misi, dan Nilai Perusahaan                          70
Vision, Mission, and Corporate Values                          Mixed-Used & High Rise                                     131
                                                               Mixed-Used & High Rise
Kegiatan Usaha                                            74
Business Activities                                            Tinjauan Keuangan Segmen Mixed-Use & High Rise             140
                                                               Financial Overview of Mixed-Use & High Rise Segment
Peta Operasional                                          76
Operational Maps



6       PT Intiland Development Tbk                                                         Laporan Tahunan 2025 Annual Report
Page 7
Kawasan Perumahan                                         141   Rapat Umum Pemegang Saham (“RUPS”)                        207
Landed Residential                                              General Meeting of Shareholders (”GMS”)

Tinjauan Keuangan Segmen Kawasan Perumahan                152   Direksi                                                   218
Financial Overview of Landed Residential Segmen                 Directors

Kawasan Industri                                          153   Dewan Komisaris                                           225
Industrial Estate                                               Board of Commissioners

Tinjauan Keuangan Segmen Kawasan Industri                 159   Komite Audit                                              238
Financial Overview of Industrial Estate Segmen                  Audit Committee

Properti Investasi                                        159   Komite Nominasi dan Remunerasi                            249
Investment Properties                                           Nomination and Remuneration Committee

Tinjauan Keuangan Segmen Segmen Properti Investasi        168   Sekretaris Perusahaan                                     256
Financial Overview of Investment Properties Segment             Corporate Secretary

Tinjauan Laporan Keuangan                                 168   Audit Internal                                            260
Overview on Financial Statements                                Internal Audit

Informasi Penting Lainnya                                 175   Sistem Manajemen Risiko                                   266
Other Important Information                                     Risk Management System

Target dan Realisasi Tahun 2025 serta Target 2026         177   Perkara Hukum                                             271
Target and Realization In 2025 and Target in 2026               Litigations

Target Tahun 2026                                         177   Sanksi Administratif                                      276
2026 Target                                                     Administrative Sanction

Prospek Usaha                                             179   Kode Etik Perusahaan                                      276
Business Prospect                                               Code of Conduct

Aspek Pemasaran                                           181   Kebijakan Pengungkapan Informasi                          278
Marketing Aspect                                                Information Disclosure Policy

Kebijakan Dividen                                         182   Sistem Pelaporan Pelanggaran                              278
Dividen Policy                                                  Whistleblowing System

Realisasi Penggunaan Dana Hasil Penawaran Umum            184   Auditor Eksternal                                         282
Realization of Use of Funds from Public Offering                External Auditor

Perubahan Peraturan Perundang-Undangan yang               184   Kebijakan Komunikasi                                      283
Berdampak Signifikan pada Perseroan                             Communication Policy
Changes in Legislation that Significantly Affected the
Company                                                         Akses Informasi dan Data Perusahaan                       284
                                                                Access to the Company’s Information And Data
Perubahan Kebijakan Akuntansi                             185
Changes in Accounting Policies                                  Hubungan Investor                                         285
                                                                Investor Relations
Informasi Material pada Investasi, Ekspansi, Divestasi,   186
Penggabungan atau Peleburan, Akuisisi dan                       Hubungan Konsumen                                         287
Restrukturisasi Modal / Utang                                   Customer Relationship
Material Information on Investment, Expansion,
Divestment, Business Merger or Consolidation,                   Penerapan Pedoman Tata Kelola Perusahaan Sesuai           287
Acquisition and Capital / Debt Restructuring                    Ketentuan Otoritas Jasa Keuangan
                                                                Implementation of Corporate Governance Guidelines
Informasi Transaksi Material yang Mengandung              187   According to the Provisions of the Financial Services
Benturan Kepentingan dan Transaksi Dengan Pihak                 Authority
Afiliasi/Berelasi
                                                                TANGGUNG JAWAB SOSIAL PERUSAHAAN
Information on Material Transactions with Conflict
                                                                CORPORATE SOCIAL RESPONSIBILITY                           292
of Interest and Transactions with Affiliates/Related
Parties
                                                                Tanggung Jawab Sosial Perusahaan                          294
                                                                Corporate Social Responsibility
Pendukung Bisnis                                          187
Business Support
                                                                Direktori Korporat dan Proyek                             296
                                                                Corporate and Project Directory
Kualitas dan Peningkatan Berkelanjutan                    197
Quality and Continuous Improvement
                                                                LAPORAN KEUANGAN
                                                                FINANCIAL STATEMENT                                       300
TATA KELOLA PERUSAHAAN YANG BAIK
GOOD CORPORATE GOVERNANCE                                 202
Tata Kelola Perusahaan                                    204
Corporate Governance




 Annual Report 2025 Laporan Tahunan                                                         PT Intiland Development Tbk         7
Page 8
Ikhtisar Kinerja
Performance Highlights




01
IKHTISAR
KINERJA
PERFORMANCE
HIGHLIGHTS




02
LAPORAN MANAJEMEN
MANAGEMENT REPORT




  8        PT Intiland Development Tbk   Laporan Tahunan 2025 Annual Report
Page 9
                                                               Ikhtisar Kinerja
                                                       Performance Highlights




                                               Intiland Tower, Surabaya

Annual Report 2025 Laporan Tahunan   PT Intiland Development Tbk          9
Page 10
Ikhtisar Kinerja
Performance Highlights




IKHTISAR KINERJA 2025
PERFORMANCE HIGHLIGHTS 2025


       Ikhtisar Operasional & Pencapaian Kinerja 2025
       Operational Overview & Accomplishments in 2025


                    Empat Dekade +          Pengembang Properti Terpadu                  +70 Proyek
                     Four Decades           Integrated Property Developer                 Projects

          Pengembang properti dengan       Empat Segmen Pengembangan           Total lebih 70 proyek di
          pengalaman lebih dari empat      Four Development Segments:          Jakarta, Tangerang, Surabaya,
          dekade di industri properti                                          Mojokerto dan Batang.
                                           • Kawasan Perumahan
          nasional.
                                             Landed Residential                Total of more than 70 projects
          Property developer with more     • Mixed use and high rise           across Jakarta, Tangerang,
          than 4 decades of experience     • Kawasan industri                  Surabaya, Mojokerto and
          in national property industry.     Industrial Estate                 Batang.
                                           • Properti Investasi
                                             Investment Properties




                         2.028                        1.163
                   hektare | hectares             Orang | Persons

          Tanah belum dikembangkan.        Jumlah karyawan tahun 2025.
          Land for Development.            Total Employees in 2025.




 10        PT Intiland Development Tbk                                      Laporan Tahunan 2025 Annual Report
Page 11
                                                                                        Ikhtisar Kinerja
                                                                                Performance Highlights




                                           1,61                      2,46
                                      Rp                        Rp


                                                 triliun                  triliun
                                                 trilion                  trilion


                                             Penjualan             Pendapatan Usaha
                                           Marketing Sales             Revenues




                                          672,24                   178,56
                                     Rp                       Rp


                                                 miliar                   miliar
                                                 billion                  billion


                                             Laba Usaha            Laba Tahun Berjalan
                                           Operating Profit           Current Profit




                                          64,26                      13,12
                                     Rp                         Rp


                                                 miliar                   triliun
                                                 billion                  trilion


                                               Laba Bersih             Jumlah Aset
                                                Net Profit             Total Assets




                                               6,79                944,37
                                          Rp                  Rp


                                                 triliun                  miliar
                                                 trilion                  billion


                                                 Ekuitas             Kas Setara Kas
                                               Total Equity    Cash and Cash Equivalents




Annual Report 2025 Laporan Tahunan                            PT Intiland Development Tbk          11
Page 12
Ikhtisar Kinerja
Performance Highlights




IKHTISAR DATA KEUANGAN PENTING
KEY FINANCIAL HIGHLIGHTS


Laporan Posisi Keuangan Konsolidasian
Consolidated Statement of Financial Position

 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                        Uraian
                                                                                               2025                2024               2023
                                      Description
 Aset
 Assets
 Aset Lancar
 Current Assets
    Kas dan setara Kas                                                                            944.374              752.320            954.308
    Cash and cash equivalents
    Persediaan                                                                                   1.708.790           2.455.486           3.050.818
    Inventories
    Aset lancar lainnya                                                                           583.909              662.761            729.643
    Other current assets
 Aset Tidak Lancar
 Non-Current Assets
    Investasi dalam saham                                                                         463.210              454.975            452.505
    Investment in share
    Persediaan                                                                                   2.828.461            2.754.565          2.843.950
    Inventories
    Tanah yang belum dikembangkan                                                                3.553.468           3.896,603           3.659.396
    Land for Development
    Aset tetap - bersih                                                                           639.402              384.463             363.778
    Property and Equipment - net
    Properti Investasi – bersih                                                                  1.555.078            1.638.491          1.749.636
    Investment properties - net
    Aset tidak lancar lainnya                                                                     840.318              703.887            799.873
    Other non-current assets
 Jumlah Aset                                                                                    13.117.009           13.703.553        14.603.908
 Total Assets


 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                        Uraian
                                                                                               2025                2024               2023
                                      Description
 Liabilitas
 Liabilities
 Liabilitas Jangka Pendek
 Current Liabilities
    Utang bank jangka pendek                                                                       766.533            1.045.556          1.248.880
    Short-term bank loans
    Liabilitas kontrak                                                                            1.133.881           1.162.804          1.419.624
    Contract Liabilities
    Bagian Liabilitas Jangka Panjang yang Akan Jatuh Tempo Dalam Satu
    Tahun
    Current portion of long-term liabilities:
       Utang bank jangka Panjang                                                                   384.821                125.743         191.809
       Long-term bank loan
       Liabilitas sewa pembiayaan                                                                      389                   168                 94
       Lease liabilities
       Utang Sukuk Ijarah                                                                                 -            372.556               123.422
       Sukuk Ijarah payables
    Liabilitas jangka pendek lainnya                                                              1.113.208            876.280           1.168.888
    Other current liabilities


 12        PT Intiland Development Tbk                                                                        Laporan Tahunan 2025 Annual Report
Page 13
                                                                                                                                            Ikhtisar Kinerja
                                                                                                                                    Performance Highlights




 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                        Uraian
                                                                                               2025                2024                    2023
                                      Description
Liabilitas Jangka Panjang
Noncurrent Liabilities
   Liabilitas Kontrak                                                                                 146.612              95.107                 167.633
   Contract Liabilities
   Liabilitas jangka panjang - setelah dikurangi bagian yang akan jatuh
   tempo dalam waktu satu tahun
   Long-term liabilities - net of current portion:
      Utang bank jangka Panjang                                                                  1.929.387           2.564.887                 2.791.719
      Long-term bank loan
      Liabilitas sewa pembiayaan
      Lease liabilities
      Utang obligasi atau sukuk ijarah                                                                      -                   -               369.428
      Bonds payables or sukuk ijarah
      Liabilitas jangka panjang lainnya                                                                  216                  113                      98
      Other noncurrent liabilities
   Liabilitas jangka Panjang lainnya                                                              855.082                 713.425               610.462
   Other Noncurrent liabilities
Jumlah Liabilitas                                                                                6.330.131           6.956.641               8.064.726
Total Liabilities
Jumlah Ekuitas                                                                                  6.786.879             6.746.912                6.539.181
Total Equity
Jumlah Liabilitas dan Ekuitas                                                                   13.117.009           13.703.553             14.603.908
Total Liabilities and Equity


Laporan Laba Rugi dan Penghasilan Komprehensif lain Konsolidasi
Consolidated Statements of Profit or Loss and Other Comprehensive Income
 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                        Uraian
                                                                                               2025                2024                    2023
                                      Description
Pendapatan usaha                                                                                2.462.390             2.553.285              3.906.826
Revenues
Beban pokok penjualan dan beban langsung                                                         1.501.903            1.767.933                2.321.031
Cost of sales and direct cost
Laba kotor                                                                                        960.487              785.352                 1.585.796
Gross profit
Beban usaha                                                                                       288.246                 331.121                 315.327
Operating cost
Laba usaha                                                                                            672.241           454.231               1.270.469
Operating profit
Beban lain-lain – bersih                                                                          -520.867            -120.486                  -812.728
Others - nett
Ekuitas pada rugi bersih entitas asosiasi dan ventura bersama                                           7.774             73.340                  396.155
Equity in net loss of associates and joint ventures
Laba sebelum pajak                                                                                    159.147          407.086                  853.895
Profit before tax
Penghasilan (beban) pajak                                                                              19.410          -143.234                  -95.867
Tax Income (expense)
Laba tahun berjalan                                                                                   178.557          263.852                  758.028
Current profit
Jumlah penghasilan (rugi) komprehensif lain – bersih                                                    6.113               3.614                  -1.993
Total other comprehensive income – net
Jumlah penghasilan komprehensif                                                                   184.670              267.466                  756.035
Total comprehensive income
Jumlah laba tahun berjalan yang dapat diatribusikan kepada pemilik                                    64.264            174.766                   174.108
entitas induk
Profit for the year attributable to owners of the parent entity




  Annual Report 2025 Laporan Tahunan                                                                            PT Intiland Development Tbk            13
Page 14
Ikhtisar Kinerja
Performance Highlights




 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                        Uraian
                                                                                               2025                  2024               2023
                                      Description
 Jumlah laba tahun berjalan yang dapat diatribusikan kepada kepentingan                               114.293               89.086          583.920
 non-pengendali
 Profit for the year attributable to non controlling interest
 Jumlah penghasilan komprehensif yang dapat diatribusikan kepada pemilik                              69.514                178.011            172.359
 entitas induk
 Comprehensive income atrributable to owners of the parent entity
 Jumlah penghasilan komprehensif yang dapat diatribusikan kepada                                      115.155               89.455          583.676
 kepentingan non-pengendali
 Total income for the year attributable to non-controlling interests
 EBITDA                                                                                           805.620                583.362           1.391.619
 EBITDA
 Laba per saham (dalam Rupiah penuh)                                                                       6                     17                 17
 Earnings per Share (in full amount of Rupiah)



Rasio-Rasio Penting
Important Ratios
 Dalam persentase kecuali dinyatakan lain | In percentage unless stated otherwise

                                        Uraian
                                                                                               2025                  2024               2023
                                      Description
 Rasio Usaha
 Operating Ratio

 Margin Laba Kotor                                                                                    39,01%                30,76%             40,59%
 Gross Profit Margin
 Margin Laba Usaha                                                                                    27,30%                17,79%             32,52%
 Operating Profit Margin
 Margin Laba Bersih                                                                                    7,25%                10,33%             19,40%
 Net profit Margin
 Imbal Hasil Aset                                                                                      1,33%                 1,86%             4,90%
 Return on Assets (ROA)
 Imbal Hasil Ekuitas                                                                                   2,64%                 3,97%             11,89%
 Return on Equity (ROE)

 Rasio Likuiditas
 Liquidity Ratio
 Rasio Lancar                                                                                         95,24%             108,02%             114,77%
 Current Ratio
 Rasio Kas                                                                                            27,79%                21,00%             23,13%
 Cash Ratio

 Rasio Solvabilitas
 Solvability Ratio
 Rasio Utang Terhadap Aset                                                                            23,80%                30,28%             32,72%
 Debt to Assets
 Rasio Utang Terhadap Ekuitas                                                                         33,72%                50,35%             58,49%
 Debt to Equity
 Rasio Liabilitas Terhadap Ekuitas                                                                    93,27%                103,11%         123,33%
 Liabilities to Equity Ratio
 Rasio Liabilitas Terhadap Aset                                                                   48,26%                    50,77%           63,09%
 Liabilities to Assets Ratio




 14        PT Intiland Development Tbk                                                                          Laporan Tahunan 2025 Annual Report
Page 15
                                                                                                             Ikhtisar Kinerja
                                                                                                     Performance Highlights




GRAFIK IKHTISAR DATA KEUANGAN PENTING
KEY FINANCIAL INFORMATION HIGHLIGHTS CHARTS

Pendapatan Usaha                                   Laba Usaha
Revenues                                           Operating Profit

                                       3.906.826
 4.000.000                                           1.400.000
                                                                                                  1.270.469
  3.500.000                                          1.200.000

 3.000.000                                           1.000.000
                           2.553.285
  2.500.000   2.462.390                               800.000
                                                                      672.241
 2.000.000                                            600.000
                                                                                    454.231
  1.500.000                                           400.000

  1.000.000                                           200.000

         0                                                  0
                2025         2024       2023                          2025           2024           2023




Laba Tahun Berjalan                                Laba Per Saham
Profit of the Year                                 Earnings per Share


  1.050.000                                                 35

   900.000                                                 30
                                       758.028
   750.000                                                  25

   600.000                                                 20                         17              17
   450.000                                                  15

   300.000                  263.852                         10
               178.557                                                  6
   150.000                                                   5

         0                                                  0
                2025         2024       2023                          2025           2024           2023




EBITDA                                             Laba/Rugi Tahun Berjalan yang Dapat Diatribusikan ke Pemilik Entitas
EBITDA                                             Induk
                                                   Profit/Loss for The Year Attributable to Owners of the Parent Company
                                       1.391.619
  1.400.000
                                                       210.000
  1.200.000
                                                      180.000                       174.766        174.108
  1.000.000
              805.620                                  150.000
   800.000
                                                       120.000
   600.000
                            583.362
                                                       90.000
   400.000                                                            64.264
                                                       60.000
   200.000
                                                       30.000
         0
                2025         2024       2023                0
                                                                      2025           2024           2023



  Annual Report 2025 Laporan Tahunan                                             PT Intiland Development Tbk            15
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Ikhtisar Kinerja
Performance Highlights




Rasio Utang Terhadap Ekuitas                           Jumlah Aset
Debt to Equity Ratio                                   Total Assets


         70                                             16.000.000
                                                                                                     14.603.908
         60                                 58,49%      14.000.000                      13.703.553
                                                                        13.117.009
                                50,35%
         50                                             12.000.000

         40         32,09%                              10.000.000

         30                                             8.000.000

         20                                             4.000.000

         10                                             2.000.000

          0                                                     0
                     2025        2024       2023                          2025            2024         2023




Jumlah Liabilitas                                      Jumlah Ekuitas
Total Liabilities                                      Total Equity


 10.050.000                                              7.000.000
                                                                        6.786.879       6.746.912
                                                                                                      6.539.181
  9.000.000                                8.064.727    6.000.000
                               6.956.641
  7.500.000                                             5.000.000
                   6.330.131
  6.000.000                                             4.000.000

  4.500.000                                             3.000.000

  3.000.000                                             2.000.000

   1.500.000                                             1.000.000

          0                                                     0
                     2025        2024       2023                          2025            2024         2023




 16        PT Intiland Development Tbk                                               Laporan Tahunan 2025 Annual Report
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                                                                                                                                                   Ikhtisar Kinerja
                                                                                                                                           Performance Highlights




IKHTISAR SAHAM
SHARE HIGHLIGHTS

Kinerja harga tertinggi, terendah, dan penutupan, volume                           Highest, lowest, and closing prices, trading volume, market
perdagangan, kapitalisasi pasar dan jumlah saham beredar                           capitalization and shares outstanding in 2025 and 2024.
tahun 2025 dan 2024.


                        Jumlah Saham yang                           Harga Saham
                                                                     Share Price                                   Volume
  Triwulan                   Beredar                                                                                                    Kapitalisasi Pasar
                                                                                                                Perdagangan
  Quarter              Number of Outstanding      Tertinggi              Terendah        Penutupan                                     Market Capitalization
                                                                                                               Trading Volume
                              Shares               Highest                Lowest           Closing
                                                                            2025
       I                         10.365.854.185             171                    115             126                  322.182.600         1.306.097.627.310
      II                         10.365.854.185             164                    110             125                  223.897.700         1.295.731.773.125
      III                        10.365.854.185             150                    118             139                  288.687.300         1.440.853.731.715
      IV                         10.365.854.185             144                 124                137                  341.305.900         1.420.122.023.345
                                                                            2024
       I                         10.365.854.185             214                 185                    191              177.252.300        1.979.878.149.335
      II                         10.365.854.185             200                    151             165                   171.190.100       1.710.365.940.525
      III                        10.365.854.185             234                 163               208                  1.441.890.200       2.156.097.670.480
      IV                         10.365.854.185             218                 133                162                  202.239.800        1.679.268.377.970



Grafik Harga Saham 2025
Share Price Chart in 2025



                                                                                                                                                           170.00


                                                                                                                                                           160.00


                                                                                                                                                           150.00


                                                                                                                                                           140.00
                                                                                                                                                           136.00

                                                                                                                                                           130.00


                                                                                                                                                           120.00
                                                                                                                                                           116.72

                                                                                                                                                           110.00
            Februari     Maret     April    Mei      Juni         Juli         Agustus     September         Oktober        November   Desember
            February     March     April    May      June         July         August      September         October        November   December




                                  Harga per lembar                                         Volume Transaksi
                                  Price per share                                          Transaction Volume

Sumber | Source: https://finance.yahoo.com




  Annual Report 2025 Laporan Tahunan                                                                                    PT Intiland Development Tbk           17
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Ikhtisar Kinerja
Performance Highlights




Aksi Korporasi                                                       Corporate Action
Perseroan di tahun 2025 tidak memiliki aksi korporasi yang           The Company did not undertake any corporate actions in
berdampak terjadinya perubahan pada saham, termasuk                  2025 that resulted in changes to its shares, including stock
pemecahan saham, penggabungan saham, perubahan                       splits, mergers, changes in nominal value, stock dividends,
nominal saham, dividen saham, saham bonus, penerbitan                bonus shares, issuance of convertible securities, or increases
efek konversi, serta penambahan dan pengurangan modal.               or decreases in capital.

Informasi Penghentian Sementara dan/                                 Information on Temporary Suspension and/
atau Sanksi Perdagangan Saham DILD serta                             or Sanctions for DILD Shares Trading and
Penghapusan Pencatatan Saham                                         Removal of Stock Listing
Selama          periode    pelaporan   tahun   2025,   Perusahaan    Throughout the reporting period in 2025, trading of the
tidak pernah dihadapkan pada penghentian sementara                   Company’s shares had never been suspended or delisted.
perdagangan saham dan/atau penghapusan pencatatan
saham.

Infromasi tentang Penerbitan Obligasi,                               Information on Issuance of Bonds, Sukuk, or
Sukuk, atau Obligasi Konversi                                        Conversion Bonds
Pada tahun 2025, Perseroan tidak melakukan penerbitan                In 2025, the Company did not have any corporate actions of
obligasi, sukuk, maupun obligasi konversi.                           issuance of bonds, sukuk or convertible bonds.


Perseroan melakukan dua penerbitan Sukuk Ijarah pada                 The Company issued two Sukuk Ijarah in 2022, including:
tahun 2022, meliputi:
•     Penerbitan Penawaran Umum Berkelanjutan Sukuk                  •   Public offering of Sustainable Sukuk Ijarah I Intiland
      Ijarah Berkelanjutan I Intiland Development Tahap II               Development Tranche II Year 2022 amounting of Rp250
      sebesar Rp250 miliar.                                              billion.
•     Penawaran           Umum    Berkelanjutan    Sukuk    Ijarah   •   Public offering of Sustainable Sukuk Ijarah I Intiland
      Berkelanjutan I Intiland Development Tahap III sebesar             Development Tranche III Year 2022 amounting of Rp250
      Rp250 miliar yang dibagi menjadi 2 seri yaitu seri A dan           billion, consisting of 2 series, namely series A and series
      seri B.                                                            B.


Pada tahun 2025, Perseroan telah melunasi pokok Sukuk                In 2025, the Company has repaid the principle of Sustainable
Ijarah Berkelanjutan I Intiland Development Tahap II senilai         Sukuk Ijarah I Intiland Development Tranche II Year 2022
Rp250 miliar dan Sukuk Ijarah Berkelanjutan I Intiland               amounting Rp250 billion and Sustainable Sukuk Ijarah
Development Tahap III Seri B, senilai Rp125 miliar.                  I Intiland Development Tranche III Year 2022 series B
                                                                     amounting Rp125 billion.




 18        PT Intiland Development Tbk                                                          Laporan Tahunan 2025 Annual Report
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                                                                                                                     Ikhtisar Kinerja
                                                                                                             Performance Highlights




PERISTIWA PENTING 2025
EVENTS HIGHLIGHTS 2025


                                                      Februari
                                                      February


 Intiland Raih Penghargaan Saham Terbaik                          Intiland Achieved Best Stock Awards
 Intiland menerima Penghargaan Saham Terbaik 2025                 Intiland received Best Stock Awards 2025 in the Middle
 untuk kategori middle caps sektor properti & real                Caps category of Property & Real Estate Sector. Best
 estat. Ajang penghargaan ini diselenggarakan oleh                Stock Awards held by Investortrust and Infovesta on
 Investortrust dan InfoVesta pada 25 Februari 2025.               February 25, 2025.


 Peluncuran Klaster Alba Graha Famili                             Launch of Alba Cluster at Graha Famili
 Peluncuran klaster Alba di perumahan prestisius Graha            Intiland has launched the newest Alba cluster in the
 Famili, Surabaya. Klaster Alba menghadirkan hunian               prestigious residential area Graha Famili, Surabaya
 modern tropis dengan jumlah unit terbatas dan kualitas           which offers modern tropical homes with limited units
 rancang bangunan yang lebih eksklusif.                           and more exclusive design quality.



                                                          April
                                                          April


 Peluncuran Keep Storage di Intiland Tower                        Launch of Keep Storage at Intiland Tower Jakarta
 Jakarta                                                          Intiland expanded its service portfolio through the
 Intiland memperluas portofolio layanannya melalui                launch of Keep Storage, a self-storage solution that
 peluncuran Keep Storage, sebuah solusi penyimpanan               integrates digital technology to provide ease of access,
 mandiri yang mengintegrasikan teknologi digital untuk            enhanced security, and efficient use of space. The Keep
 memberikan kemudahan akses, jaminan keamanan,                    Storage facility is strategically located at the Annexe
 dan efisiensi penggunaan ruang. Lokasi Keep Storage              Intiland Tower building in Jakarta.
 sangat strategis berada di gedung Annexe Intiland
 Tower Jakarta.



                                                          Mei
                                                          May


 Rapat Umum Pemegang Saham (RUPS) Tahun                           Annual General Meeting of Stakeholders (AGMS)
 2025                                                             2025
 Pemegang saham menyetujui seluruh agenda RUPS                    The shareholders approved all AGMS agenda items
 yang diselenggarakan Perseroan di Intiland Tower                 proposed by the Company, held at Intiland Tower
 Jakarta pada 28 Mei 2025. Pemegang saham menyetujui              Jakarta. The Shareholders approved the changes to the
 perubahan susunan anggota Direksi dan Dewan                      composition of the Board of Directors and the Board of
 Komisaris dan penggunaan laba bersih untuk tahun                 Commissioners and approved the allocation of net profit
 buku yang berakhir 31 Desember 2024 senilai Rp174,7              for the fiscal year ending 31 December 2024 amounting
 miliar.                                                          to Rp174.7 billion.




 Annual Report 2025 Laporan Tahunan                                                        PT Intiland Development Tbk          19
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Ikhtisar Kinerja
Performance Highlights




    Kolaborasi Intiland dan ION Network Bangun                             Collaboration Intiland and ION Network to
    Pusat Data di Surabaya                                                 Develop Data Center in Surabaya
    Intiland     menandatangani      perjanjian   kerja   sama             Intiland has signed strategic partnership agreement
    strategis dengan ION Network (PT Solusi Data                           with ION Network (PT Solusi Data Cepat) to manage
    Cepat) untuk pengelolaan pusat data di Surabaya.                       data center in Surabaya. The establishment of this joint
    Pembentukan perusahaan joint venture ini menjadi                       venture is one of the strategies for optimizing the real
    salah satu strategi untuk optimalisasi aset-aset properti              estate assets owned by the Company.
    yang dimiliki Perseroan.



                                                                  Juni
                                                                  June


    Pembukaan Grand Whiz Hotel Praxis Surabaya                             Grand Opening of Grand Whiz Hotel Praxis
    Intiland melalui PT Intiwhiz International memperluas                  Surabaya
    jaringan perhotelan melalui pembukaan Grand Whiz                       Intiland through its subsidiary, PT Intiwhiz International,
    Hotel Praxis, Surabaya, pada 5 Juni 2025. Hotel bintang                expanded its hotel network through the grand opening
    empat ini menghadirkan 267 kamar, lengkap dengan                       of Grand Whiz Hotel Praxis, Surabaya, on June 5, 2025.
    berbagai fasilitas seperti ruang pertemuan, restoran,                  This four-star hotel offers 267 rooms with numerous
    lounge & bar, kolam renang, pool bar, spa, dan gym.                    facilities, including meeting rooms, restaurant, lounge
                                                                           & bar, swimming pool, pool bar, spa, and gym.


    South Quarter Kembali Raih Sertifikasi Greenship                       South Quarter Reattain Greenship Certification
    South Quarter kembali meraih sertifikasi Gold untuk                    South Quarter reattain Gold certification for Greenship
    Greenship Existing Building dari Green Building Council                Existing Building from Green Building Council Indonesia
    Indonesia (GBCI). Pada tahun 2021, South Quarter                       (GBCI). In 2021, South Quarter was recognized as the
    dinobatkan sebagai perkantoran terbaik di dunia                        best office building in the world after winning the World
    setelah meraih penghargaan World Gold Winner pada                      Gold Winner at the FIABCI Prix d’Excellence Awards.
    ajang FIABCI Prix d’Excellence Awards.


    Luncurkan Hot Summer Sale                                              Hot Summer Sale Launch
    Intiland meluncurkan program promo penjualan                           Intiland launched a promotional sales program called
    bertajuk "Hot Summer Sale" yang berlangsung sejak                      "Hot Summer Sale" from June to August 2025. The
    Juni-Agustus 2025. Program ini memberikan potongan                     program offers special discounts on the purchase of
    harga spesial untuk pembelian produk rumah tapak,                      landed houses, apartments, offices, SOHO units, and
    apartemen, perkantoran, SOHO, dan pergudangan.                         warehouses.



                                                                 Agustus
                                                                 August


    Rapat Umum Pemegang Sukuk Ijarah (RUPSI)                               Sukuk Ijarah Holders General Meeting (RUPSI)
    Intiland menggelar Rapat Umum Pemegang Sukuk                           Intiland held the Sustainable Sukuk Ijarah I Intiland
    Ijarah (RUPSI) Berkelanjutan I Intiland Development                    Development Tranche III Year 2022 Series B Holders
    Tahap III Tahun 2022 seri B di Intiland Tower Jakarta,                 General Meeting at Intiland Tower Jakarta, on August
    pada 8 Agustus 2025.                                                   8, 2025.




 20        PT Intiland Development Tbk                                                            Laporan Tahunan 2025 Annual Report
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                                                                                                                             Ikhtisar Kinerja
                                                                                                                     Performance Highlights




Pelunasan Sukuk Ijarah                                                    Sukuk Ijarah Repayment
Perseroan    melakukan        pelunasan      Sukuk     Ijarah             The Company repaid the Sustainable Sukuk Ijarah I
Berkelanjutan I Intiland Development Tahap II Tahun                       Intiland Development Tranche II 2022 (Sukuk Ijarah)
2022 senilai Rp250 miliar pada 25 Agustus 2025.                           amounting Rp250 billion, on August 25, 2025.


Program Intiland Peduli: Perbaikan Rumah Tidak                            Intiland Peduli Program: Renovation of
Layak Huni                                                                Uninhabitable Home
Perseroan melalui Graha Famili, Graha Natura, dan                         The Company through Graha Famili, Graha Natura,
Tierra berkolaborasi dengan Pemerintah Kota Surabaya                      and Tierra has partnered with the Surabaya City
dalam program perbaikan rumah tidak layak huni                            Government on a program to renovate uninhabitable
(rutilahu) di kawasan Sambisari, Kelurahan Lontar,                        home in the Sambisari area, Lontar, Surabaya.
Surabaya. Kegiatan perbaikan rumah turut melibatkan                       Employees also took part in the home improvement
karyawan melalui program Intiland Volunteer Day.                          activities as part of the Intiland Volunteer Day program.



                                                           September
                                                           September


Penghargaan The Legacy                                                    The Legacy Awards
Pendiri   Intiland   (Alm.)    Bapak    Hendro       Santoso              Intiland’s Founder, the late Mr. Hendro Santoso
Gondokusumo dianugerahi tropi The Legacy oleh                             Gondokusumo was honored with The Legacy trophy
Indonesia Property Watch dalam ajang Golden                               by Indonesia Property Watch at the Golden Property
Property Awards 2025. Penghargaan ini diberikan atas                      Awards 2025, in recognition of           his significant
kontribusinya dalam memajukan industri properti                           contributions to advancing Indonesia property industry.
Indonesia.


Peluncuran Regatta Residence                                              The Launch of Regatta Residence
Intiland meluncurkan Regatta Residence, sebuah                            Intiland launched Regatta Residence, a landed-
pengembangan perumahan tapak yang mengusung                               residential development designed with a resort-
konsep    resort-style   living.   Menjadi    bagian    dari              style living concept. As part of the larger Regatta
pengembangan Regatta, Regatta Residence berlokasi                         development, Regatta Residence is located within the
di kawasan perumahan Pantai Mutiara, Pluit, Jakarta                       Pantai Mutiara residential area in Pluit, North Jakarta.
Utara.



                                                                Oktober
                                                                October


Intiland Fantastic Deals                                                  Intiland Fantastic Deals
Intiland meluncurkan program promo penjualan                              Intiland launched its sales program called Fantastic
properti bertajuk Fantastic Deals yang berlangsung                        Deals from October to December 2025. The promotion
sejak Oktober-Desember 2025. Promo ini menghadirkan                       offers special discounts and instant rewards for
diskon spesial dan hadiah langsung untuk produk                           residential and commercial products located in Jakarta
hunian dan komersial di kawasan strategis Jakarta dan                     and Surabaya strategic areas.
Surabaya.




Annual Report 2025 Laporan Tahunan                                                                 PT Intiland Development Tbk          21
Page 22
Ikhtisar Kinerja
Performance Highlights




                                                               November
                                                               November


    Program Intiland Peduli: Donasi untuk 100 Ibu                     Intiland Peduli Program: Donation for 100
    dan Bayi                                                          Mothers and Babies
    Intiland     berkolaborasi     dengan   Pemerintah     Kota       Intiland     collaborated   with   the   Surabaya   City
    Surabaya dan UMKM Bumbi memberikan bantuan                        Government and local SME Bumbi to distribute eco-
    dengan mendistribusikan popok dan pembalut kain                   friendly cloth diapers and pads to 100 mothers and
    ramah lingkungan kepada 100 ibu dan bayi di Kelurahan             babies in subdistricts of Lontar and Babatan, Surabaya,
    Lontar dan Babatan, Kota Surabaya, Jawa Timur.                    East Java.



                                                               Desember
                                                               December


    Pelunasan Sukuk Ijarah                                            Sukuk Ijarah Repayment
    Perseroan        melakukan     pelunasan   Sukuk      Ijarah      The Company repaid the Sustainable Sukuk Ijarah
    Berkelanjutan I Intiland Development Tahap III Tahun              I Intiland Development Tranche III 2022 Series B,
    2022 Seri B senilai Rp125 miliar pada 2 Desember 2025.            amounting Rp125 billion, on December 2, 2025.


    South Quarter Raih Penghargaan Best Greenship                     South Quarter Wins Best Greenship Commitment
    Commitment                                                        The integrated office complex, South Quarter received
    Perkantoran          terpadu   South    Quarter      meraih       the Best Greenship Commitment award at the 2025
    penghargaan Best Greenship Commitment dalam ajang                 Greenship Awards held on December 5, 2025, by the
    Greenship Awards 2025 yang diselenggarakan pada                   Green Building Council Indonesia.
    tanggal 5 Desember 2025 oleh Konsil Bangunan Hijau
    Indonesia.




 22        PT Intiland Development Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 23
                                                                                                                     Ikhtisar Kinerja
                                                                                                             Performance Highlights




PENGHARGAAN DAN SERTIFIKASI
AWARDS AND CERTIFICATION




   PT Intiland Development Tbk                Bapak Hendro S.                           South Quarter
                                              Gondokusumo
   Saham Terbaik Tahun 2025                   Mr. Hendro S. Gondokusumo                 Komitmen Greenship Terbaik
   (Kategori Kapitalisasi Pasar                                                         The Best Greenship
   Menengah untuk Sektor                      The Legacy                                Commitment
   properti & Real Estat)
   The Best Stock Awards 2025                 Golden Property Awards 2025               Greenship Awards 2025
   (Capitalization Middle Caps
                                              29 September 2025                         5 Desember 2025
   category for the Property &
                                              September 29, 2025                        December 5, 2025
   Real Estate Sector)

   Best Stock Awards 2025

   25 Februari 2025
   February 25, 2025




                       South Quarter                               ISO 9001

                       “Greenship Gedung Terbangun                 Sistem Manajemen Mutu
                       V1.1 – Peringkat Emas”                      Intiland Hospitality and Property Management
                       “Greenship V1.1 – Gold Rating               Quality Management System
                       for Existing Building”                      Intiland Hospitality and Property Management

                       Dari: Konsil Bangunan Hijau                 Dari: Lloyd Register Indonesia
                       Indonesia                                   Quality Assurance,
                       2025 – 2028                                 2024 – 2027
                       From: Green Building Council                From: Lloyd Register Indonesia
                       Indonesia                                   Quality Assurance
                       2025 – 2028                                 2024 – 2027



 Annual Report 2025 Laporan Tahunan                                                        PT Intiland Development Tbk         23
Page 24
Laporan Manajemen
Management Report




01
IKHTISAR KINERJA
PERFORMANCE HIGHLIGHTS




02
LAPORAN
MANAJEMEN
MANAGEMENT
REPORT




03
PROFIL PERUSAHAAN
COMPANY PROFILE




 24      PT Intiland Development Tbk   Laporan Tahunan 2025 Annual Report
Page 25
                                                         Laporan Manajemen
                                                         Management Report




                                                Intiland Tower, Jakarta

Annual Report 2025 Laporan Tahunan   PT Intiland Development Tbk      25
Page 26
Laporan Manajemen
Management Report




LAPORAN DEWAN KOMISARIS
REPORT OF THE BOARD OF COMMISSIONERS




      Dr. Sofyan A.
      Djalil SH, MA
           Komisaris Utama dan
           Komisaris Independen
           President Commissioner and
           Independent Commissioner



 26
Page 27
                                                                                                                 Laporan Manajemen
                                                                                                                 Management Report




                                       Pemegang Saham dan                            Honorable Shareholders and
                                       Pemangku Kepentingan                          Stakeholders,
                                       yang terhormat,
                                       Atas nama Dewan Komisaris, saya               On     behalf      of    the     Board    of
                                       menyampaikan laporan pengawasan               Commissioners, I hereby present the
                                       dan     penilaian      terhadap     kinerja   supervisory report and evaluation
                                       PT Intiland          Development       Tbk    of the performance of PT Intiland
Pada aspek keuangan,                   sepanjang tahun buku 2025. Laporan            Development Tbk for the financial year
Direksi berhasil                       ini mencakup pertanggungjawaban,              2025. This report covers accountability,
dalam menjaga                          penilaian atas pencapaian kinerja,            performance         assessment,        views
kinerja pendapatan                     pandangan terhadap kondisi eksternal,         on     external    conditions,      strategy
usaha. Di tahun 2025,                  implementasi strategi, praktik tata           implementation, governance practices,
Perseroan membukukan                   kelola, serta arahan terhadap prospek         as well as perspectives on future
pendapatan usaha                       dan tantangan usaha di masa depan.            business prospects and challenges.
Rp2,46 triliun, atau
tercapai sebesar 97,2%                 Segenap          Dewan            Komisaris   The      Board      of     Commissioners
dari target senilai Rp2,53             menyampaikan duka yang mendalam               expresses its deepest condolences on
triliun. Pencapaian                    atas    wafatnya      Bapak   Hendro     S.   the passing of the late Mr. Hendro S.
tersebut cukup                         Gondokusumo pada 13 Maret 2025.               Gondokusumo on March 13, 2025. He
stabil dibandingkan                    Beliau merupakan pendiri sekaligus            was the founder and a central figure in
pendapatan usaha tahun                 tokoh     sentral     dalam   perjalanan      the Company’s journey. His dedication
2024 sebesar Rp2,55                    Perseroan. Dedikasi dan kontribusi            and contributions will continue to
triliun.                               Beliau terus menjadi inspirasi bagi           serve as an inspiration to all members
                                       seluruh insan Perseroan.                      of the Company.
From a financial perspective,
the Board of Directors                 Dewan       Komisaris     menyampaikan        The Board of Commissioners would
successfully maintained                terima kasih dan apresiasi kepada             like to extend its gratitude and
revenue performance. In                para Pemegang Saham dan Pemangku              appreciation to Shareholders and
2025, the Company recorded
                                       Kepentingan      atas    dukungan      dan    Stakeholders      for    their   continued
operating revenue of Rp2.46
trillion, representing 97.2% of        kepercayaan yang diberikan selama ini         support and trust in the advancement
the target of Rp2.53 trillion.         untuk kemajuan perusahaan.                    of the Company.
This achievement remained
relatively stable compared to          PANDANGAN TERHADAP                            OVERVIEW OF EXTERNAL
operating revenue of Rp2.55            KONDISI EKSTERNAL                             CONDITIONS
trillion in 2024.
                                       Kami      mencermati      perkembangan        We observed that the dynamics of the
                                       situasi dan kondisi sepanjang tahun           situation and conditions throughout
                                       2025 masih penuh tantangan dan                2025     remained        challenging     and
                                       memunculkan               ketidakpastian.     continued to give rise to uncertainty.
                                       Meskipun fundamental perekonomian             Although         Indonesia’s      economic
                                       Indonesia      cukup     kokoh      dengan    fundamentals        remained      relatively
                                       pertumbuhan yang stabil, namun                strong with stable growth, business
                                       tingkat     risiko    usaha   mengalami       risks escalated due to shifts in regional
                                       eskalasi akibat perubahan stabilitas          and global stability. Security escalation
                                       di tingkat regional dan dunia. Eskalasi       in the Middle East region has the
                                       keamanan yang terjadi di kawasan              potential to adversely affect regional
                                       Timur Tengah berpotensi memberikan            stability, lead to energy deficits, and
                                       dampak negatif terhadap stabilitas            disrupt global supply chains.
                                       kawasan, terjadinya defisit energi,
                                       serta     terganggunya     rantai    pasok
                                       secara global.


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Kami mencermati perekonomian Indonesia menunjukkan               We observed that Indonesia’s economy demonstrated
kinerja yang stabil dengan tingkat pertumbuhan sebesar           stable performance, with growth of 5.11% (yoy) in 2025. This
5,11% (yoy) di tahun 2025. Pencapaian ini lebih ditopang         achievement was primarily supported by strong domestic
oleh konsumsi domestik yang masih kuat, meningkatnya             consumption, increased investment, and relatively expansive
investasi, serta belanja pemerintah yang cukup ekspansif.        government spending. This level of growth places Indonesia
Angka      pertumbuhan      ini    sekaligus    menempatkan      among the fastest-growing economies in the region.
Indonesia sebagai salah satu negara dengan pertumbuhan
perekonomian tertinggi di kawasan regional.


Pemerintah juga berhasil menjaga tingkat inflasi sebesar         The Government also succeeded in maintaining of inflation
2,92% (yoy) yang mencerminkan keberhasilan kebijakan             2.92% (yoy), reflecting the effectiveness of monetary and
moneter dan fiskal dalam menjaga stabilitas harga dan daya       fiscal policies in preserving price stability and purchasing
beli masyarakat. Stabilitas makroekonomi ini mendorong           power. This macroeconomic stability has contributed to
meningkatnya kepercayaan investor dan pelaku usaha pasca         increased confidence among investors and business actors
periode transisi politik nasional pada tahun sebelumnya.         following the national political transition period in the
                                                                 previous year.


Kami     percaya     fundamental       perekonomian   nasional   We believe that the national economic fundamentals remain
masih cukup kukuh untuk membendung dampak negatif                sufficiently resilient to withstand the adverse impacts arising
yang timbul akibat dinamika yang terjadi di luar negeri.         from external dynamics. The domestic economy still has room
Perekonomian nasional masih memiliki ruang untuk                 to generate growth, supported by domestic consumption,
menciptakan         pertumbuhan        dengan   mengandalkan     investment growth, and increased export value, particularly
konsumsi dalam negeri, pertumbuhan investasi, serta              from the commodity sector, despite the risk of rising global
peningkatan nilai ekspor terutama dari sektor komoditas,         oil prices. In addition, political and security stability, along
meskipun di tengah risiko melambungnya harga minyak              with investment growth, are key factors in strengthening
dunia. Selain itu, stabilitas politik dan keamanan, serta        confidence among business actors and the public.
pertumbuhan investasi menjadi salah satu faktor penting
dalam menumbuhkan keyakinan dan kepercayaan diri para
pelaku usaha maupun masyarakat.

TINJAUAN INDUSTRI PROPERTI                                       OVERVIEW OF PROPERTY INDUSTRY
Di tengah pencapaian pertumbuhan ekonomi nasional,               Amid the achievement of national economic growth, we
kami menilai industri properti masih menghadapi sejumlah         assess that the property industry continues to face several
tantangan yang dipengaruhi oleh faktor-faktor eksternal          challenges influenced by external factors as well as evolving
maupun perubahan yang terjadi pasar. Secara umum, industri       market conditions. In general, the property sector in 2025
properti di tahun 2025 menunjukkan tren konsolidasi ke arah      exhibited a consolidation trend toward a relatively solid
pemulihan yang cukup solid, namun terdapat ketimpangan           recovery; however, disparities in growth across sub-sectors
pertumbuhan antar sub-sektor. Perumahan masih sebagai            remain evident. The residential segment continues to
sub-sektor properti yang menjadi pendorong utama                 serve as the primary driver of growth within the property
pertumbuhan. Tren positif ini ditopang oleh masih tingginya      sector. This positive trend is supported by persistently high
kebutuhan hunian masyarakat dengan angka backlog                 housing demand, with a backlog estimated at approximately
yang berada pada kisaran 12–13 juta unit rumah. Faktor           12–13 million units. Another key supporting factor is the
penting berikutnya adalah dukungan pemerintah untuk              Government’s extension of the 100% Government-Borne
memperpanjang kebijakan insentif Pajak Pertambahan Nilai         Value Added Tax (VAT DTP) incentive through the end
Ditanggung Pemerintah (PPN DTP) sebesar 100% hingga              of 2025. This policy stimulus is further reinforced by the
akhir 2025. Stimulus kebijakan ini semakin diperkuat dengan      Government’s program to develop three million housing
program pemerintah untuk membangun tiga juta rumah.              units.




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                                                                                                 South Quarter, Jakarta




Kami mencermati sub-sektor kawasan industri turut              We observed that the industrial estate sub-sector
mencatatkan     pertumbuhan      positif   seiring   dengan    also recorded growth, in line with increasing strategic
meningkatnya investasi strategis, termasuk relokasi industri   investments, including the relocation of global industries to
global ke Indonesia. Rencana strategis pemerintah untuk        Indonesia. The Government’s strategic plan to expand new
mengembangkan kawasan industri baru secara ekspansif           industrial estates is part of its broader efforts to achieve
juga menjadi bagian dari upaya mengejar pertumbuhan            economic growth of 8% and to increase the non- oil and gas
ekonomi sebesar 8% dan meningkatkan Produk Domestik            industrial Gross Domestic Product (GDP) to 8.58% by 2029.
Bruto industri non- migas hingga 8,58% pada tahun 2029.


Pencapaian positif di kedua sub-sektor properti tersebut,      The positive performance observed in these two property
pada kenyataannya belum terjadi pada sub-sektor properti       sub-sectors has not yet been reflected in other segments,
lainnya, seperti apartemen dan perkantoran. Pasar hunian       such as apartments and office properties. The apartment
apartemen masih relatif lesu dan belum kembali geliat dan      residential market remains relatively subdued and has yet
mengalami pemulihan. Tingkat permintaan terhadap unit-         to regain momentum or show signs of recovery. Demand for
unit apartemen masih sangat rendah, terutama disebabkan        apartment units continues to be low, primarily due to shifts
perubahan pola belanja dan investasi, preferensi masyarakat,   in spending and investment patterns, changing consumer
serta jumlah pasokan unit yang relatif tinggi. Namun aspek     preferences, and relatively high supply levels. Nevertheless,
yang lain, Kami juga mencermati adanya pergeseran positif      we also observe a positive shift in consumer preferences
terkait preferensi konsumen yang semakin mengarah              toward more sustainable residential developments that are
pada hunian yang berkelanjutan serta terintegrasi dengan       integrated with supporting facilities.
fasilitas pendukung.




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PENILAIAN TERHADAP KINERJA DIREKSI                           PERFORMANCE ASSESSMENT OF THE
DAN EVALUASI STRATEGI                                        DIRECTORS AND STRATEGY EVALUATION
Dewan Komisaris berpandangan bahwa Direksi telah             The Board of Commissioners is of the view that the Directors
menunjukkan kinerja yang baik dalam mengelola Perseroan      has demonstrated solid performance in managing the
di tahun 2025. Di tengah dinamika industri yang memiliki     Company in 2025. Amid industry dynamics that continue to
ruang untuk berkembang serta berbagai tantangan              offer growth opportunities, as well as emerging challenges,
baru yang harus dihadapi, Direksi mampu secara jernih        the Directors have been able to prudently establish and
menetapkan dan menjalankan kebijakan dan strategi            implement priority policies and strategies to sustain long-
prioritas untuk menjaga pertumbuhan usaha secara jangka      term business growth. The Company’s business direction,
panjang. Arah perkembangan usaha Perseroan untuk             both in the short and long term, remains on the right track.
jangka pendek maupun jangka panjang berada pada jalur        The Board of Directors has adopted appropriate policies
yang benar. Direksi menetapkan sejumlah kebijakan dan        and strategies to ensure that operational performance and
strategi yang tepat dalam rangka memastikan operasional      business growth can be achieved in a more substantial
perusahaan dan pertumbuhan usaha dapat dicapai secara        manner.
lebih substansial.


Kami menyampaikan apresiasi atas komitmen dan kontribusi     We express our appreciation for the commitment and
Direksi dalam menjaga kinerja usaha, pengelolaan aspek       contributions of the Directors in maintaining business
risiko, dan tata kelola, serta menegaskan totalitas dalam    performance, managing risk aspects, and upholding
menjaga kepercayaan pemegang saham dan pemangku              governance practices, as well as demonstrating strong
kepentingan Perseroan.                                       dedication in preserving the trust of the Company’s
                                                             shareholders and stakeholders.


Kebijakan dan strategi Direksi dalam mempertahankan          The Directors’ policies and strategies in maintaining sales
kinerja penjualan patut mendapat apresiasi. Di tengah        performance are commendable. Amid a property sector that
kondisi sektor properti yang belum pulih dan masih           has yet to fully recover and continued weakness in consumer
melemahnya minat beli konsumen, Perseroan berhasil           purchasing interest, the Company successfully sustained
menjaga kinerja penjualan dengan perolehan marketing         its sales performance, recording marketing sales of Rp1.61
sales sebesar Rp1,61 triliun. Meskipun pencapaian tersebut   trillion. Although this achievement represents 80.4% of the
baru mencapai 80,4% dari target, jumlahnya relatif stabil    target, it remains relatively stable compared to marketing
dibandingkan marketing sales tahun 2024 sebesar Rp1,64       sales of Rp1.64 trillion in 2024. The decision to maintain
triliun. Keputusan Direksi untuk mempertahankan fokus        a focus on residential and industrial estate segments has
penjualan di segmen kawasan perumahan dan kawasan            proven to be an effective strategy for sustaining sales
industri menjadi langkah efektif dalam menjaga kinerja       performance.
penjualan.


Pada aspek keuangan, Direksi berhasil dalam menjaga          From a financial perspective, the Director's successfully
kinerja pendapatan usaha. Di tahun 2025, Perseroan           maintained revenue performance. In 2025, the Company
membukukan pendapatan usaha Rp2,46 triliun, atau             recorded operating revenue of Rp2.46 trillion, representing
tercapai sebesar 97,2% dari target senilai Rp2,53 triliun.   97.2% of the target of Rp2.53 trillion. This achievement
Pencapaian tersebut cukup stabil dibandingkan pendapatan     remained relatively stable compared to operating revenue
usaha tahun 2024 sebesar Rp2,55 triliun. Belum tercapainya   of Rp2.55 trillion in 2024.The shortfall in achieving the
target pendapatan usaha terutama disebabkan masih            revenue target was primarily attributable to lower revenue
rendahnya pengakuan penjualan dari segmen mixed used         recognition from the mixed-use and high-rise segment,
& high rise, terutama dari produk properti apartemen.        particularly from apartment property products.




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Kami juga mencermati adanya tekanan pada kinerja                We also observed pressure on profitability performance in
profitabilitas   di   tahun   2025.    Meskipun   Perseroan     2025. Although the Company recorded a 48% increase in
mencatatkan kenaikan laba usaha sebesar 48% menjadi             operating profit to Rp672.24 billion (yoy), profit for the year
Rp672,24 miliar (yoy), namun laba tahun berjalan menurun        declined by 32.3% to Rp178.56 billion, compared to Rp263.85
32,3% menjadi Rp178,56 miliar dibandingkan tahun 2024           billion in 2024. Nevertheless, the Company succeeded in
senilai Rp263,85 miliar. Kendati demikian, Perseroan            achieving its target for profit for the year attributable to
berhasil mencapai target laba tahun berjalan yang dapat         owners of the parent entity, amounting to Rp64.26 billion,
diatribusikan kepada pemilik entitas induk sebesar Rp64,26      or 110.8% of the target of Rp58 billion. Compared to the 2024
miliar, atau 110,8% dari target sebesar Rp58 miliar. Apabila    achievement, this figure represents a decrease of 63.2%
dibandingkan pencapaian tahun 2024, jumlah tersebut
turun 63,2%.


Catatan penting lainnya adalah kecakapan Direksi dalam          Another notable point is the Directors capability in
menjaga rasio-rasio keuangan untuk menciptakan struktur         maintaining financial ratios to support a healthier financial
keuangan Perseroan yang semakin sehat. Di tahun 2025,           structure for the Company. In 2025, almost all financial ratios
hampir semua rasio-rasio keuangan membaik dibandingkan          showed improvement compared to 2024. The Company also
tahun 2024. Perseroan juga berhasil menurunkan jumlah           succeeded in reducing its total debt by 25% (yoy) to Rp3.08
utang sebesar 25% (yoy) menjadi Rp3,08 triliun, dibandingkan    trillion, from Rp4.11 trillion in 2024. This positive trend is in
Rp4,11 triliun di tahun 2024. Tren positif ini selaras dengan   line with the deleveraging strategy, which has been one of
strategi penurunan utang (deleveraging) yang menjadi salah      the key priorities pursued by the Board of Directors.
satu strategi prioritas yang ditempuh Direksi.

PEMANTAUAN TERHADAP PERUMUSAN                                   SUPERVISION OF STRATEGY FORMULATION
DAN IMPLEMENTASI STRATEGI                                       AND IMPLEMENTATION
Dewan Komisaris berpandangan bahwa Direksi telah                The Board of Commissioners is of the view that the Directors
menjalankan kebijakan dan strategi secara efektif dan           has implemented its policies and strategies effectively and
mampu memberikan kepastian bagi operasional dan                 has been able to ensure operational stability and business
kelangsungan perusahaan. Kami percaya Direksi memiliki          continuity. We believe the Directors possess the capability
kapabilitas dan kemampuan dalam memanfaatkan peluang,           to capitalize on opportunities, address challenges, optimize
menghadapi tantangan, mengoptimalkan sumber daya,               resources, and lead the Company toward sustained success.
dan membawa Perusahaan menuju kesuksesan. Hasil                 The 2025 performance results reflect the effectiveness of the
pencapaian kinerja tahun 2025, mencerminkan efektivitas         Directors policies and strategies in maintaining a balance
kebijakan dan strategi yang dijalankan Direksi dalam            between pursuing business growth and exercising prudent
menjaga keseimbangan antara mengejar pertumbuhan                risk management.
usaha dan pengelolaan risiko secara hati-hati.


Dewan Komisaris secara pro-aktif menjalankan fungsi             The Board of Commissioners has proactively carried
pengawasan terhadap perumusan dan implementasi                  out its supervisory function over the formulation and
strategi yang dijalankan oleh Direksi sepanjang tahun           implementation of strategies undertaken by the Directors
2025. Berdasarkan hasil evaluasi, kebijakan dan strategi        throughout 2025. Based on the evaluation results, the
yang ditempuh Perseroan sepanjang tahun 2025 dinilai            Company’s policies and strategies during the year are
adaptif dan relevan dengan perkembangan dan perubahan           considered adaptive and relevant to evolving market
kondisi pasar. Dewan Komisaris memberikan dukungan atas         conditions. The Board of Commissioners supports the key
langkah-langkah penting yang dijalankan Direksi dengan          initiatives undertaken by the Directors, while continuing
tetap menekankan pentingnya penerapan prinsip kehati-           to emphasize the importance of prudence, measured risk
hatian, pengelolaan risiko yang terukur, serta disiplin dalam   management, and financial discipline.
pengelolaan keuangan.




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                                                                                                 1Park Avenue, Jakarta




PANDANGAN ATAS IMPLEMENTASI TATA                              OPINIONS ON THE IMPLEMENTATION OF
KELOLA PERUSAHAAN YANG BAIK DAN                               GOOD CORPORATE GOVERNANCE AND
EVALUASI KINERJA KOMITE                                       PERFORMANCE EVALUATION OF THE
                                                              COMMITTEES
Dewan Komisaris melaksanakan fungsi pengawasan dan            The Board of Commissioners carries out its supervisory and
pemberian nasihat kepada Direksi dengan dukungan Komite       advisory functions to the Directors with the support of the
Audit serta Komite Nominasi dan Remunerasi. Dengan            Audit Committee and the Nomination and Remuneration
didukung akses terhadap informasi yang komprehensif,          Committee.    Supported    by   access     to   comprehensive
proses evaluasi dilakukan melalui rapat internal Dewan        information, the evaluation process is conducted through
Komisaris serta rapat gabungan bersama Direksi, serta         internal meetings of the Board of Commissioners, joint
hasil penilaian mandiri (self-assessment) yang dijalankan.    meetings with the Directors, as well as the results of self-
Berdasarkan pemantauan dan hasil evaluasi tersebut,           assessment. Based on monitoring and evaluation outcomes,
Dewan Komisaris dibantu Komite Audit dan Komite               the Board of Commissioners, with the assistance of the
Nominasi dan Remunerasi, menilai bahwa Perseroan telah        Audit Committee and the Nomination and Remuneration
menerapkan prinsip-prinsip tata kelola perusahaan yang        Committee, concludes that the Company has consistently
baik sepanjang tahun 2025 secara konsisten, yang mencakup     implemented the principles of good corporate governance
aspek keuangan, sistem pengendalian internal, fungsi audit,   throughout 2025. This includes financial aspects, internal
manajemen risiko, serta kepatuhan terhadap peraturan          control systems, audit functions, risk management, and
perundang- undangan yang berlaku telah dilaksanakan           compliance with applicable laws and regulations, all of
secara efektif.                                               which have been carried out effectively.


Dewan Komisaris menyelenggarakan sebanyak enam                The Board of Commissioners held six (6) Internal Meetings,
(enam) Rapat Internal, yang sebagian dihadiri oleh Komite     some of which were attended by the Audit Committee and
Audit dan Komite Nominasi dan Remunerasi dengan tingkat       the Nomination and Remuneration Committee, with a 100%
kehadiran anggota Dewan Komisaris mencapai 100%.              attendance rate by members of the Board of Commissioners.
Dewan Komisaris juga menyelenggarakan Rapat Gabungan          The Board of Commissioners also convened ten (10) Joint
bersama Direksi sebanyak 10 (sepuluh) kali dengan tingkat     Meetings with the Directors, with an average attendance




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kehadiran rata-rata mencapai 100%. Penyelenggaraan             rate of 100%. These Joint Meetings were conducted to
Rapat Gabungan bertujuan untuk mengoordinasikan dan            coordinate and discuss periodic reports and the performance
membahas laporan serta kinerja Direksi secara berkala,         of the Directors, future business prospects and conditions,
prospek dan kondisi usaha ke depan, kebijakan Pemerintah       government policies that may affect the Company’s
yang berpotensi memengaruhi kinerja Perseroan, serta isu-      performance, as well as other strategic issues requiring
isu strategis lainnya yang memerlukan pembahasan kolektif.     collective deliberation. In these Joint Meetings, the Board
Dalam forum Rapat Gabungan tersebut, Dewan Komisaris           of Commissioners provided directions and advice to the
telah menyampaikan arahan dan nasihat kepada Direksi           Directors on key matters requiring attention, prioritization,
terkait hal-hal penting yang perlu menjadi fokus perhatian,    and follow-up.
prioritas, dan tindaklanjut oleh Direksi.


Dewan Komisaris juga memberikan penilaian terhadap             The Board of Commissioners also evaluated the performance
kinerja Komite Audit dan Komite Nominasi dan Remunerasi        of the Audit Committee and the Nomination and
yang sudah menjalankan peran dan tanggung jawabnya             Remuneration Committee, which have effectively carried
dengan efektif di tahun 2025. Dewan Komisaris memberikan       out their roles and responsibilities throughout 2025. The
apresiasi atas kinerja kedua komite tersebut yang secara       Board of Commissioners expresses its appreciation for the
berkala telah melaporkan aspek risiko, kontrol internal, dan   performance of both committees, which have regularly
strategi pengembangan sumber daya manusia.                     reported on risk aspects, internal controls, and human
                                                               capital development strategies.


Berdasarkan evaluasi terhadap hasil penilaian mandiri,         Based on the evaluation of the self-assessment results,
Dewan Komisaris berpandangan bahwa masing-masing               the Board of Commissioners has the view that each
anggota komite telah menjalankan tugas dengan baik,            committee member has performed their duties effectively
memahami peran dan tanggung jawabnya secara efektif            and has demonstrated a clear understanding of their
sesuai peraturan dan piagam perusahaan. Dewan Komisaris        roles and responsibilities in accordance with applicable
akan terus mendorong penguatan tata kelola perusahaan,         regulations and the Company’s Charters. The Board of
khususnya dalam aspek transparansi, penerapan prinsip          Commissioners will continue to promote the strengthening
kehati-hatian dalam pengelolaan keuangan, implementasi         of corporate governance, transparency, prudence in financial
aspek lingkungan, sosial, dan tata kelola, serta pemanfaatan   management, the implementation of ESG aspects, as well
teknologi digital dalam mendukung proses bisnis dan            as the utilization of digital technology to support business
pengambilan keputusan.                                         processes and decision- making.

PERUBAHAN KOMPOSISI DEWAN                                      CHANGES IN THE COMPOSITION OF THE
KOMISARIS                                                      BOARD OF COMMISSIONERS
Di tahun 2025 terdapat perubahan susunan Dewan Komisaris       In 2025, there was a change in the composition of the
Perseroan seiring dengan telah berakhirnya periode             Company’s Board of Commissioners following the expiration
masa jabatan anggota Dewan Komisaris pada periode              of the previous term of office. Through the Annual General
sebelumnya. Melalui Rapat Umum Pemegang Saham (RUPS)           Meeting of Shareholders (AGMS) held on May 28, 2025,
Tahunan yang diselenggarakan pada 28 Mei 2025, komposisi       the composition of the Board of Commissioners consists
Dewan Komisaris Perseroan terdiri dari empat anggota           of four members, namely the President Commissioner
meliputi Komisaris Utama dan Komisaris Independen,             and   Independent    Commissioner,     the   Vice   President
Wakil Komisaris Utama, dan dua Komisaris Independen.           Commissioner, and two Independent Commissioners. The
Keempat anggota Dewan Komisaris Perseroan meliputi             members of the Board of Commissioners comprise Mr.
Bapak Dr. Sofyan A. Djalil SH, MA, selaku Komisaris Utama      Dr. Sofyan A. Djalil, SH, MA as President Commissioner
dan Komisaris Independen, Bapak Sinarto Dharmawan              and Independent Commissioner, Mr. Sinarto Dharmawan
selaku Wakil Komisaris Utama, Bapak Friso Palilingan dan       as Vice President Commissioner, and Mr. Friso Palilingan
Bapak Alexander S. Rusli masing-masing selaku Komisaris        and Mr. Alexander S. Rusli, each serving as Independent
Independen.                                                    Commissioners.




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Dewan Komisaris menyampaikan apresiasi dan terima                The Board of Commissioners expresses its appreciation
kasih kepada Ibu Ping Handayani Hanli, Bapak Thio Gwan           and gratitude to Mrs. Ping Handayani Hanli, Mr. Thio Gwan
Po Micky, dan Bapak Jahja Asikin atas pengabdian dan             Po Micky, and Mr. Jahja Asikin for their dedication and
kontribusi yang luar biasa selama bertugas sebagai anggota       outstanding contributions during their tenure as members
Dewan Komisaris Perseroan.                                       of the Company’s Board of Commissioners


Berdasarkan perubahan tersebut, Perseroan memiliki 3             Following this change, the Company has three (3)
(tiga) Komisaris Independen atau mewakili 75% dari seluruh       Independent Commissioners, representing 75% of the
anggota Dewan Komisaris, sehingga memenuhi persyaratan           total members of the Board of Commissioners, thereby
yang diatur dalam Peraturan Otoritas Jasa Keuangan               fulfilling the requirements set forth in Financial Services
No.   33/POJK.04/2014.       Perubahan     komposisi   anggota   Authority Regulation No. 33/POJK.04/2014. The change
Dewan Komisaris pada tahun 2025 tetap mencerminkan               in the composition of the Board of Commissioners in 2025
keseimbangan        antara   kompetensi,    pengalaman,   dan    continues to reflect a balance of competence, experience,
independensi. Keberagaman latar belakang anggota Dewan           and independence. The diversity of backgrounds among
Komisaris menjadi faktor penting dalam memperkaya                the members of the Board of Commissioners serves as an
perspektif strategis dan meningkatkan kualitas pengambilan       important factor in enriching strategic perspectives and
keputusan.                                                       enhancing the quality of decision-making.

PANDANGAN TERHADAP PROSPEK USAHA                                 VIEW ON LONG-TERM BUSINESS PROSPECTS
JANGKA PANJANG
Dewan Komisaris memandang bahwa prospek usaha                    The Board of Commissioners views that the Company’s
Perseroan ke depan tetap solid positif, didukung oleh            future business prospects remain solid and positive,
fundamental ekonomi nasional yang kuat serta peluang             supported by strong national economic fundamentals and
pertumbuhan di sektor properti. Terjadinya eskalasi situasi      growth opportunities in the property sector. The escalation
keamanan global perlu mendapatkan atensi serius terutama         of global security requires serious attention, particularly
mengukur potensi dampak yang terjadi dan mempengaruhi            assessing potential impacts on domestic stability and the
stabilitas dalam negeri, serta kelangsungan operasional          continuity of the Company’s operations.
perusahaan.


Kami mencermati tingkat permintaan terhadap hunian               We observe that demand for residential properties remains
masih cukup tinggi termasuk potensi pertumbuhan di sektor        relatively strong, while growth potential in the industrial
kawasan industri akan menjadi salah satu faktor utama            estate sector is expected to be a key factor in supporting
yang dapat menopang kinerja usaha. Namun demikian,               business performance. Nevertheless, the Company must
Perseroan perlu untuk mewaspadai berbagai risiko-risiko          remain vigilant regarding various external risks, interest
eksternal, dinamika suku bunga, serta perubahan preferensi       rate dynamics, and shifts in property market preferences.
pasar properti. Kami memberikan dukungan kepada Direksi          We support the Board of Directors in adopting more realistic
atas kebijakan, strategi, dan target yang lebih realistis,       policies, strategies, and targets, considering the associated
dengan mempertimbangkan risiko dan sumber daya                   risks and available resources. The Board of Commissioners
yang dimiliki. Dewan Komisaris mendorong Direksi untuk           encourages the Directors to further strengthen business
terus memperkuat strategi bisnis melalui inovasi produk,         strategies through product innovation, enhanced operational
peningkatan efisiensi operasional, serta integrasi prinsip       efficiency, and the integration of sustainability principles in
keberlanjutan dalam setiap pengembangan usaha.                   all business developments.




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APRESIASI                                                    APPRECIATION
Atas nama Dewan Komisaris, saya menyampaikan terima          On behalf of the Board of Commissioners, I would like to
kasih dan penghargaan atas kerja keras Direksi beserta       express our gratitude and appreciation for the dedication
seluruh karyawan, anggota Komite Penunjang, pelanggan,       and hard work of the Directors, employees, supporting
mitra, pemegang saham, dan semua pemangku kepentingan        committee members, customers, partners, shareholders,
atas kontribusi dan dukungan yang diberikan sepanjang        and all stakeholders for their contributions and support
tahun 2025.                                                  throughout 2025.


Dengan komitmen yang kuat, strategi yang tepat, serta        With strong commitment, sound strategies, and the
penerapan tata kelola perusahaan yang baik, Dewan            implementation of good corporate governance, the Board of
Komisaris meyakini bahwa Perseroan akan mampu terus          Commissioners is confident that the Company will continue
tumbuh secara berkelanjutan dan memberikan nilai tambah      to grow sustainably and create added value for shareholders
bagi pemegang saham dan seluruh pemangku kepentingan.        and all stakeholders.




                                              Atas nama Dewan Komisaris
                                          On behalf of Board of Commissioners
                                             PT Intiland Development Tbk



                                             Dr. Sofyan A. Djalil SH, MA
                                       Komisaris Utama dan Komisaris Independen
                                 President Commissioner and Independent Commissioner




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LAPORAN DIREKSI
REPORT OF THE BOARD OF DIRECTORS




        Archied Noto
        Pradono
            Direktur Utama
            President Director



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                                       Pemegang Saham dan                                Honorable Shareholders and
                                       Pemangku Kepentingan                              Stakeholders,
                                       yang terhormat,
                                       Atas     nama       Direksi    PT    Intiland     On behalf of the The Board of
                                       Development Tbk, saya dengan rasa                 Directors (the Directors) of PT Intiland
                                       syukur       menyampaikan            Laporan      Development Tbk, I present the 2025
                                       Tahunan PT Intiland Development Tbk               Annual Report with positive results.
Strategi Perseroan                     tahun 2025 dengan hasil cukup baik.               These     achievements         reflect    the
mengalihkan fokus                      Pencapaian ini menjadi cerminan dari              commitment, hard work, and spirit of
penjualan ke sektor                    komitmen, kerja keras, dan semangat               the management and all employees.
perumahan juga turut                   dari segenap manajemen dan seluruh
memberikan hasil yang                  karyawan.
positif. Kondisi ini turut
ditopang oleh keputusan                Di     sepanjang      tahun     2025,     kami    Throughout 2025, we closely observed
Pemerintah untuk                       mencermati dinamika sektor properti               the dynamics of the national property
memperpanjang periode                  nasional      menghadapi            sejumlah      sector as it navigated a series of
berlakunya insentif                    tantangan       dan     peluang.        Jajaran   challenges        and         opportunities.
Pajak Pertambahan Nilai                manajemen dan seluruh karyawan                    Management and all employees have
Ditanggung Pemerintah                  berusaha dengan sungguh-sungguh                   worked diligently to capitalize on
(PPN DTP) hingga akhir                 memanfaatkan setiap peluang dan                   every opportunity and create the best
tahun 2025.                            menciptakan        solusi     terbaik    demi     solutions to maintain operational
                                       menjaga      kinerja    operasional        dan    performance and sustainable business
The Company’s strategy to              pertumbuhan usaha berkelanjutan.                  growth.
shift its sales focus to the
residential sector has also            KEBIJAKAN STRATEGIS                               THE STRATEGIC POLICIES OF
delivered positive results.            PERSEROAN                                         THE COMPANY
This condition has been
further supported by the               Direksi menetapkan arah kebijakan                 The Directors established strategic
Government’s decision to               strategis     yang       berfokus         pada    policy directions focused on business
extend the period of the Value         pertumbuhan dan stabilitas usaha                  growth,      stability,      and    financial
Added Tax incentive borne by
                                       serta      penguatan     aspek      finansial     strengthening by leveraging economic
the Government (VAT DTP)
until the end of 2025.                 dengan memanfaatkan momentum                      stability and development within
                                       stabilitas ekonomi dan perkembangan               the national property sector. The
                                       yang terjadi sektor properti nasional.            primary strategy for 2025 is centered
                                       Strategi utama tahun 2025 bertumpu                on   bolstering      sales    performance,
                                       pada penguatan kinerja penjualan,                 improving      the     capital     structure,
                                       perbaikan       struktur       permodalan,        and enhancing the efficiency of
                                       serta pengembangan proyek-proyek                  ongoing project developments. We
                                       yang sudah berjalan secara lebih                  also took several critical steps to
                                       efisien.     Kami      juga     menempuh          foster a healthier financial structure
                                       sejumlah langkah penting lain untuk               by   reducing        debt    burdens     and
                                       menciptakan struktur keuangan yang                divesting non-core assets to provide
                                       lebih sehat melalui pengurangan                   the Company with greater financial
                                       beban utang dan pelepasan aset-                   flexibility for future expansion.
                                       aset non-inti agar Perseroan memiliki
                                       fleksibilitas keuangan yang lebih kuat
                                       untuk ekspansi di masa depan.




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Pada    aspek       operasional,   kami     lebih   jeli   membidik    From an operational perspective, we have more strategically
sektor perumahan dan kawasan industri sebagai mesin                    targeted the residential and industrial estate sectors as the
pertumbuhan utama tahun 2025. Pengembangan proyek                      main growth drivers in 2025. The residential development
hunian kami fokuskan pada proyek-proyek berjalan di                    projects are focused on ongoing developments in strategic
wilayah-wilayah strategis seperti Jakarta, Tangerang, dan              areas such as Jakarta, Tangerang, and Surabaya. In the
Surabaya. Pada segmen pengembangan kawasan industri,                   industrial estate development segment, we continue to
kami masih mengandalkan dari dua pengembangan proyek                   rely on two key projects—Batang Industrial Park (BIP) and
yakni Batang Industrial Park (BIP) dan Ngoro Industrial Park           Ngoro Industrial Park (NIP)—as well as the Aeropolis Techno
(NIP), serta kompleks pergudangan Aeropolis Techno Park                Park warehouse complex as the backbone of our sales
sebagai tulang punggung penjualan maupun pendapatan                    and revenues. Land sales at Batang Industrial Park (BIP),
usaha. Penjualan lahan industri di BIP yang lokasinya di               located in Batang Regency, Central Java, made a significant
kabupaten Batang, Jawa Tengah, memberikan kontribusi                   contribution to the Company’s sales performance and
signifikan terhadap kinerja penjualan dan keuangan di                  financial results in 2025.
tahun 2025.


Kesehatan kondisi finansial turut menjadi pencapaian                   Maintaining healthy financial condition was also a
penting     sepanjang      tahun    2025.     Perseroan     berhasil   key   achievement      throughout    2025.   The    Company
membuktikan komitmennya dalam menurunkan jumlah                        demonstrated its commitment to reducing liabilities and
kewajiban dan beban utang. Total utang menurun 25%                     debt burdens. The total debt decreased by 25% yoy to
menjadi Rp 3.081,3 miliar di tahun 2025 dibandingkan                   Rp 3,081.3 billion in 2025, compared to Rp 4,109.0 billion
dengan Rp 4.109,0 miliar di tahun 2024. Trend ini sesuai               in 2024. The trend was in line with the deleveraging
dengan strategi deleveraging Perseroan. Perseroan juga                 strategy. The Company has also fully paid for the Sustainable
sudah melunasi Sukuk Ijarah Berkelanjutan I Intiland                   Sukuk Ijarah I Intiland Development Tranche II Year 2022
Development Tahap II Tahun 2022 senilai Rp250 miliar pada              amounting to Rp250 billion on August 25, 2025, and the
25 Agustus 2025 dan Sukuk Ijarah Berkelanjutan I Intiland              Sustainable Sukuk Ijarah I Intiland Development Tranche III
Development Tahap III Tahun 2022 Seri B senilai Rp125                  Year 2022 Series B amounting to Rp125 billion on December
miliar pada 2 Desember 2025.                                           2, 2025.


Melalui kombinasi dari kebijakan manajemen utang yang                  Through a combination of disciplined debt management
disiplin, fokus pengembangan proyek yang tepat sasaran,                policies, targeted project development, and focused and
dan strategi penjualan yang fokus dan agresif, Perseroan kini          aggressive sales strategies, the Company is now in a more
berada dalam posisi yang lebih optimistik untuk menyambut              optimistic position to welcome 2026 with significantly
tahun 2026 dengan kekuatan dan daya saing bisnis yang                  stronger business strength and competitiveness.
jauh lebih kukuh.

PERAN DIREKSI DALAM MERUMUSKAN                                         THE ROLE OF THE DIRECTORS IN
KEBIJAKAN STRATEGIS                                                    FORMULATING STRATEGIC POLICIES
Direksi mengambil peran aktif dalam melaksanakan tugas,                The Directors plays an active role in carrying out its duties,
tanggung jawab, dan kewenangannya dengan berpedoman                    responsibilities, and authorities by adhering to the Company’s
pada visi, misi, dan tujuan jangka panjang Perusahaan.                 vision, mission, and long-term objectives. The formulation of
Perumusan strategi ditempuh melalui penyelenggaraan                    strategies is undertaken through regular as well as incidental
rapat-rapat rutin maupun bersifat insidental bersama Dewan             meetings with the Board of Commissioners and relevant
Komisaris atau pihak-pihak terkait untuk memastikan                    parties to ensure that the policies adopted are aligned with
kebijakan yang diambil selaras dengan kepentingan                      the Company’s short-term and long-term interests.
Perusahaan jangka pendek dan jangka panjang.


Setiap pengambilan keputusan-keputusan strategis, Direksi              In making strategic decisions, the Directors consistently
selalu berpijak pada prinsip tata kelola yang baik dan aspek           adheres to the principles of good corporate governance and
kepatuhan terhadap regulasi. Permintaan nasihat dan                    regulatory compliance. Seeking advice and consultation
konsultasi dengan Dewan Komisaris menjadi bagian dari                  from the Board of Commissioners forms an integral part of



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mekanisme kontrol internal yang dijalankan dalam upaya          the internal control mechanism implemented to manage
mengelola risiko dan menjaga reputasi Perusahaan.               risks and safeguard the Company’s reputation.

PROSES YANG DIJALANKAN DIREKSI DALAM                            THE PROCESS IMPLEMENTED BY THE
IMPLEMENTASI STRATEGI                                           DIRECTORS IN STRATEGY EXECUTION
Direksi merumuskan dan menuangkan semua strategi dan            The Directors formulates and incorporate all corporate
prioritas Perseroan ke dalam Rencana Kerja Strategis yang       strategies and priorities into the Annual Strategic Work Plan.
disusun setiap tahun. Penerapan strategi ini dijalankan         The implementation of these strategies is carried out through
melalui proses pemantauan secara berkala serta pengukuran       periodic monitoring and measurement of performance
terhadap pencapaian kinerja maupun aspek risikonya. Hasil       achievements as well as risk aspects. The analysis of gaps
analisis terhadap kesenjangan antara target dan realisasi       between targets and actual realization serves as a critical
menjadi dasar pertimbangan penting dalam pengambilan            basis for decision-making and the determination of strategic
keputusan dan menetapkan solusi yang bersifat strategis.        solutions.


Pada tahun 2025, Direksi menjalankan strategi secara efektif    In 2025, the Directors effectively executed strategies through
melalui proses koordinasi internal, pengawasan, dan langkah     internal coordination, oversight, and corrective measures
korektif apabila diperlukan. Kami juga menyelenggarakan         were necessary. We also conducted a series of meetings and
serangkaian pertemuan dan diskusi dengan pihak eksternal        discussions with external parties as anticipatory steps and
sebagai langkah antisipatif dan mitigasi risiko terhadap        risk mitigation against changes in economic, political, or
perubahan kondisi ekonomi, politik, atau regulasi. Secara       regulatory conditions. In general, the Directors is of the view
umum, Direksi berpandangan bahwa pelaksanaan kebijakan          that the implementation of 2025 strategic policies proceeded
strategis tahun 2025 berjalan dengan baik dan sesuai            effectively and in accordance with the plan.
rencana.

PENCAPAIAN KINERJA 2025                                         2025 PERFORMANCE ACHIEVEMENTS
Dalam perspektif Perseroan, sektor properti nasional            In the Company’s perspective, the national property sector
masih menghadapi tantangan cukup berat di tahun 2025.           continued to face significant challenges in 2025. Weakening
Melemahnya daya beli serta masih rendahnya minat beli dan       purchasing power, coupled with low consumer interest and
investasi properti masyarakat masih menjadi faktor kendala      property investment, remained the primary constraints for
utama yang dihadapi Perseroan, khususnya pada penjualan         the Company, particularly regarding the sales of vertical
produk-produk hunian vertikal.                                  residential products.


Di tengah tantangan dan kondisi ini, kinerja penjualan          Amid these challenges and conditions, the Company’s sales
Perseroan tetap relatif stabil   di tahun 2025. Perseroan       performance remains relatively stable in 2025. The Company
mencatatkan marketing sales Rp1,61 triliun atau tercapai        recorded marketing sales of Rp1.61 trillion, representing
80,4% dari target sebesar Rp2 triliun. Pencapaian ini sedikit   80.4% of the target of Rp2 trillion. This achievement
menurun dibandingkan perolehan tahun 2024 sebesar               represents a slight decrease compared to the Rp1.64
Rp1,64 triliun. Secara fundamental, belum terpenuhinya          trillion realized in 2024. Fundamentally, the shortfall in the
target penjualan tahunan lebih dipengaruhi oleh volatilitas     annual sales target was largely driven by demand volatility,
permintaan khususnya pada segmen mixed-use dan high-            particularly in the mixed-use and high-rise segments. Sales
rise. Penjualan segmen ini masih rendah dengan kontribusi       in this segment remained low, contributing Rp138.7 billion, a
senilai Rp138,7 miliar, sebuah angka yang mencerminkan          figure that reflects the continued weak market absorption of
masih lemahnya daya serap pasar terhadap hunian vertikal.       vertical residential.


Kebijakan Perseroan untuk tetap mengambil langkah               The Company’s decision to maintain a conservative stance
konservatif, turut menjadi faktor penentu pencapaian            also determined sales performance. We have decided to
kinerja penjualan. Perseroan memutuskan untuk menunda           postpone the launch of several new projects. As a risk
peluncuran sejumlah proyek baru. Sebagai langkah mitigasi       mitigation measure and optimizing working capital, the
risiko dan optimalisasi modal kerja, Perseroan secara           Company consistently prioritized the accelerated sale of
konsisten memberikan prioritas pada percepatan penjualan        inventory units across ongoing projects. This strategic focus


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unit-unit inventori di proyek-proyek yang sedang berjalan.       aimed to strengthen liquidity and ensure more efficient
Fokus strategis ini dalam rangka untuk memperkuat posisi         asset management while building a more robust business
likuiditas dan memastikan pengelolaan aset yang lebih            fundamental to navigate future property market cycles and
efisien, seraya mempersiapkan fundamental bisnis yang            dynamics.
lebih kukuh untuk menghadapi siklus dan dinamika pasar
properti pasar ke depan.


Kami bersyukur, keputusan untuk memperkuat penjualan             We are grateful that the decision to bolster industrial land
lahan kawasan industri menjadi strategi yang tepat dan           sales proved to be a precise and effective strategy. This
efektif. Segmen ini mencatatkan kontribusi marketing sales       segment recorded a marketing sales contribution of Rp638.2
Rp638,2 miliar, jauh melampaui target awal senilai Rp401,2       billion, significantly exceeding the initial target of Rp401.2
miliar, yang sekaligus lebih tinggi 12,6% dibandingkan tahun     billion and marking a 12.6% increase compared to 2024. This
2024. Meningkatnya penjualan berasal dari kontribusi Batang      growth was driven by contributions from Batang Industrial
Industrial Park (BIP) di Batang, Jawa tengah, Ngoro Industrial   Park (BIP) in Batang, Central Java; Ngoro Industrial Park
Park (NIP) di Mojokerto, Jawa Timur, serta pergudangan di        (NIP) in Mojokerto, East Java; and the Aeropolis warehouse
Aeropolis, Tangerang.                                            complex in Tangerang.


Strategi Perseroan mengalihkan fokus penjualan ke sektor         The Company’s strategy to shift its sales focus to the
perumahan juga turut memberikan hasil yang positif.              residential sector has also delivered positive results. This
Kondisi ini turut ditopang oleh keputusan Pemerintah             condition has been further supported by the Government’s
untuk memperpanjang periode berlakunya insentif Pajak            decision to extend the period of the Value Added Tax
Pertambahan Nilai Ditanggung Pemerintah (PPN DTP) hingga         incentive borne by the Government (VAT DTP) until the
akhir tahun 2025. Stimulus perpajakan ini memudahkan             end of 2025. This tax stimulus has made it easier for the
masyarakat untuk memiliki rumah dan sekaligus efektif            public to own homes and has effectively helped boost sales,
membantu peningkatan penjualan, khususnya terhadap               particularly for ready-to-occupy housing units.
unit-unit rumah siap huni.


Segmen pengembangan kawasan perumahan mencatatkan                The landed residential segment recorded marketing sales of
marketing sales Rp830,8 miliar di tahun 2025 atau lebih          Rp830.8 billion in 2025, a 5.5% decrease compared to 2024.
rendah 5,5% dibandingkan tahun 2024. Penjualan dari              Residential projects in Jakarta and Tangerang contributed
proyek perumahan yang lokasinya di Jakarta dan Tangerang         Rp368.7 billion, while projects in Surabaya contributed
memberikan kontribusi Rp368,7 miliar dan proyek- proyek          Rp462.1 billion.
perumahan di Surabaya berkontribusi Rp462,1 miliar.


Perseroan secara hati-hati berhasil menjaga kinerja keuangan     The Company prudently managed to maintain its financial
dan mencatatkan pencapaian yang cukup baik . Merujuk             performance and recorded fairly positive achievements.
laporan keuangan Perseroan per 31 Desember 2025 yang             Based on the Company’s audited financial statements as
telah diaudit, pendapatan usaha tercatat sebesar Rp2,46          of December 31, 2025, revenue amounted to Rp2.46 trillion,
triliun, atau 97,2% dari target sebesar Rp2,53 triliun. Jumlah   representing 97.2% of the target of Rp2.53 trillion. This
tersebut menurun 3,6% dibandingkan tahun 2024 sebesar            figure declined by 3.6% compared to IDR 2.55 trillion in 2024.
Rp2,55 triliun. Pendapatan pengembangan yang bersumber           Development income       derived from property unit sales
dari penjualan unit properti memberi kontribusi Rp1,51 triliun   contributed Rp1.51 trillion, or 61.5% of the total, reflecting
atau 61,5% dari keseluruhan, mengalami penurunan 9,3%            a decrease of 9.3% compared to 2024. The remainder
dibandingkan tahun 2024. Sisanya berasal dari pendapatan         came from recurring income generated from investment
berkelanjutan yang berasal dari properti investasi sebesar       properties, amounting to Rp947.68 billion or 38.5% of the
Rp947,68 miliar atau 38,5% dari keseluruhan, yang meningkat      total, which increased by 7.2% compared to 2024.
7,2% dibandingkan tahun 2024.




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Kontributor pendapatan usaha terbesar berasal dari segmen       The largest contributor to revenue came from the investment
properti investasi sebesar 38,5%, dilanjutkan dari segmen       property segment at 38.5%, followed by the landed residential
kawasan perumahan dan kawasan industri yang masing-             and industrial estate segments, which contributed 31.8%
masing memberikan kontribusi sebesar 31,8% dan 20,7% dari       and 20.7% of the total, respectively. Meanwhile, the mixed-
keseluruhan. Sementara segmen pengembangan mixed-use            use and high-rise development segment contributed 9%.
& high rise memberikan kontribusi 9%. Pendapatan dari           Revenue from investment properties was generated from
properti investasi bersumber dari penyewaan perkantoran,        office leasing, golf courses and sports facilities, as well as
lapangan golf dan sarana olah raga, serta manajemen             property management services.
properti.


Kami mencermati bahwa kinerja profitabilitas tahun              We observed that profitability performance in 2025
2025 masih mengalami tekanan. Laba kotor dan laba               remained under pressure. Gross profit and operating profit
usaha masing-masing tercatat sebesar Rp960,49 miliar            were recorded at Rp960.49 billion and Rp672.24 billion,
dan Rp672,24 miliar, atau meningkat dibandingkan tahun          respectively, representing an increase compared to 2024.
2024. Di tengah tantangan yang ada, Perseroan berhasil          Amid these challenges, the Company managed to record
membukukan laba tahun berjalan yang dapat diatribusikan         profit for the year attributable to owners of the parent
kepada pemilik entitas induk sebesar Rp64,26 miliar, atau       Company amounting to Rp64.26 billion, or 110.8% of the
tercapai 110,8% dari target sebesar Rp58 miliar. Dibandingkan   target of Rp58 billion. Compared to the 2024 achievement of
pencapaian tahun 2024 sebesar Rp174,77 miliar, kinerja laba     Rp174.77 billion, the Company’s profit performance in 2025
Perseroan tahun 2025 mengalami penurunan 63,2%.                 declined of 63.2%.


Direksi berupaya menjaga stabilitas keuangan dengan tetap       The Directors strives to maintain financial stability while
mendorong terciptanya pertumbuhan kinerja di tahun 2025.        continuing to drive performance growth in 2025.The
Perseroan berhasil menjaga rasio-rasio keuangan penting,        Company successfully maintained key financial ratios, such
seperti margin laba kotor, margin operasional, margin laba      as gross profit margin, operating margin, net profit margin,
bersih dan Earnings Before Interest, Taxes, Depreciation, and   and Earnings Before Interest, Taxes, Depreciation, and
Amortization (EBITDA). Perbaikan rasio-rasio keuangan           Amortization (EBITDA). Improvements in these ratios reflect
menunjukkan efisiensi dalam pengelolaan biaya pokok             efficiency in managing the cost of goods sold and operating
penjualan, efisiensi biaya operasional, mencerminkan            expenses, mirroring more fundamental profitability growth
pertumbuhan profitabilitas yang lebih fundamental, serta        and improved operating cash flow. Another achievement
kekuatan arus kas operasional yang semakin baik. Pencapaian     was the successful reduction of operating expenses through
lainnya yakni berhasil menekan beban operasional melalui        process optimization and cost control across all business
optimalisasi proses dan pengendalian biaya di seluruh lini      lines.
bisnis.

PERKEMBANGAN PEREKONOMIAN DAN                                   ECONOMIC AND PROPERTY SECTOR
SEKTOR PROPERTI                                                 DEVELOPMENTS
Kami      mencermati   bahwa     stabilitas   perkembangan      We observe that domestic economic stability significantly
perekonomian dalam negeri membawa pengaruh signifikan           influences the dynamics of the property sector. Throughout
terhadap dinamika sektor properti. Sepanjang tahun 2025,        2025, the Indonesian economy demonstrated resilient
perekonomian Indonesia masih menunjukkan performa               performance      amidst   global   economic    and       security
cukup tangguh di tengah ketidakpastian ekonomi dan              uncertainties.
keamanan global.


Berdasarkan laporan dari Badan Pusat Statistik (BPS),           According to reports from the Statistics Indonesia (BPS),
pertumbuhan ekonomi nasional tahun 2025 secara konsisten        Indonesia’s economic growth in 2025 remained consistently
terjaga di kisaran 5,11,% yang menegaskan efektivitas           maintained at around 5.11%, underscoring the effectiveness
kebijakan fiskal dan moneter dalam menjaga momentum             of fiscal and monetary policies in sustaining the recovery
pemulihan. Potret ketahanan ekonomi dalam negeri juga           momentum. The resilience of the domestic economy was




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                                                                                                     Serenia Hills, Jakarta




ditopang oleh pengendalian inflasi yang cukup baik dengan        also supported by well-controlled inflation, with the annual
angka inflasi tahunan berhasil dijaga dalam rentang 2,92%.       inflation rate maintained at around 2.92%.         In addition,
Selain itu, nilai penyertaan modal asing (PMA) atau foreign      the realization of foreign direct investment (FDI) inflows
direct investment yang terealisasi masuk ke Indonesia            into Indonesia throughout 2025 reached Rp900.9 trillion,
sepanjang 2025 mencapai Rp900,9 triliun, atau relatif stabil     remaining relatively stable compared to the previous year.
dibandingkan tahun sebelumnya. Keberhasilan dalam                The success in maintaining these macroeconomic indicators
menjaga indikator makroekonomi pada level positif ini            at positive levels provides a strong foundation for Indonesia
memberikan fondasi kuat bagi Indonesia untuk menghadapi          in facing the challenges of 2026.
tantangan tahun 2026.


Gambaran atas kondisi ini menjadi magnet dan memberikan          This landscape serves as a magnet for global investors,
rasa percaya diri bagi investor global untuk tetap menanamkan    instilling confidence to continue investing in Indonesia.
modalnya di Indonesia. Dengan tingkat konsumsi domestik          With strong domestic consumption and controlled inflation,
yang tetap kuat dan inflasi yang terkendali, Indonesia dinilai   Indonesia is regarded as having the resilience to mitigate
memiliki daya tahan dalam meredam guncangan eksternal.           external shocks. Precise policy navigation and maintained
Navigasi kebijakan yang tepat dan stabilitas makroekonomi        macroeconomic stability throughout 2025 have become
yang terjaga sepanjang tahun 2025 menjadi pijakan krusial        crucial foundation for Indonesia's future competitive.
bagi masa depan Indonesia untuk unggul dalam persaingan.


Kami menyampaikan apresiasi atas keberhasilan Pemerintah         We express our appreciation for the Government’s success
dalam menjaga stabilitas ekonomi di tengah ketidakpastian        in maintaining economic stability amid global uncertainties.
global. Fundamental perekonomian yang kuat menjadi               Strong economic fundamentals have become a key factor
faktor kunci dalam mendukung daya tahan industri properti        in supporting the resilience of the domestic property
dalam negeri. Meskipun secara umum sektor properti masih         industry. Although the property sector is generally still
berada pada fase konsolidasi, namun beberapa segmen              in a consolidation phase, several segments continue to
masih mengalami pertumbuhan. Daya tahan sektor properti          experience growth. The resilience of the property sector has
ini turut ditopang oleh intervensi kebijakan pemerintah          also been supported by government policy interventions
melalui sejumlah kebijakan yang pro pasar. Salah satunya         through various pro-market measures. One of these is the




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melalui perpanjangan periode pemberian insentif Pajak              extension of the 100% Government-Borne Value Added Tax
Pertambahan Nilai Ditanggung Pemerintah (PPN DTP)                  incentive (VAT DTP), which remains in effect until the end of
sebesar 100% yang berlaku hingga akhir tahun 2025.                 2025. This stimulus has had a positive impact in sustaining
Stimulus ini memberikan dampak positif untuk menjaga               consumer purchasing interest, particularly in the residential
minat beli konsumen, khususnya terhadap segmen properti            property segment.
hunian.


Perseroan mencermati tren pasar properti sepanjang tahun           The Company noted that property market trends throughout
2025 memperlihatkan dominasi penjualan rumah tapak                 2025 showed a dominance of landed house sales over
dibandingkan apartemen atau kondominium. Berdasarkan               apartments or condominiums. Based on Bank Indonesia
data Bank Indonesia Penyaluran Kredit Properti ke perbankan        data, the distribution of property credit to the banking
terus menunjukkan tren positif. Hingga November 2025               sector continues to show a positive trend. As of November
kredit properti tumbuh 7,4% secara tahunan mencapai                2025, property credit grew by 7.4% year-on-year, reaching
Rp1.513,5 triliun. Khusus KPR Subsidi FLPP (Fasilitas Likuiditas   Rp1,513.5 trillion. Specifically, the FLPP (Housing Financing
Pembiayaan Perumahan), mencetak rekor tertinggi dengan             Liquidity Facility) subsidized mortgages set a record high,
total sekitar 278.868 unit senilai Rp34,6 triliun. Meski masih     with approximately 278,868 units valued at Rp34.6 trillion.
dibayangi tantangan biaya konstruksi yang cenderung                Despite challenges from rising construction costs, the
meningkat, stabilitas sektor properti pada 2025 menjadi            stability of the property sector in 2025 is a vital aspect of
aspek penting bagi proyeksi pertumbuhan ke depan. Sektor           future growth projections. This sector is expected to serve
ini diharapkan mampu menjadi motor utama pertumbuhan               as a primary engine for national economic growth alongside
ekonomi nasional bersama dengan sektor industri dasar              other basic industrial sectors.
lainnya.


Kami berkeyakinan industri properti akan berangsur-angsur          We remain confident that the property industry will gradually
membaik dan memiliki ketahanan terhadap perubahan                  improve and demonstrate resilience against market changes
dan dinamika pasar. Meskipun tren pertumbuhan belum                and dynamics. While growth trends may not yet occur across
akan terjadi pada semua segmen properti, namun                     all segments, the Company expects conditions to improve
Perseroan berharap kondisi akan bergerak membaik seiring           alongside increasing purchasing power and public interest in
meningkatnya daya beli dan minat beli properti masyarakat.         property. Security stability and more fundamental economic
Stabilitas keamanan dan arah pertumbuhan ekonomi                   growth provide confidence in the positive long-term
yang lebih fundamental, memberikan keyakinan terhadap              prospects of the property sector.
prospek pertumbuhan sektor properti yang lebih positif
secara jangka panjang.

PERKEMBANGAN USAHA PERSEROAN                                       THE COMPANY’S BUSINESS DEVELOPMENT
Tahun 2025 menjadi fase penting bagi perkembangan                  The year 2025 marked a pivotal phase in the Company’s
usaha Perseroan. Di tengah kondisi sektor properti yang            business development. Amidst the ongoing challenges
masih menantang, Perseroan menyandarkan prioritas                  within the property sector, the Company prioritized
pada upaya memperkuat daya saing masa depan. Upaya                 strengthening its future competitiveness. These efforts were
ini dilakukan bukan hanya pada segi penjualan dan kinerja          not limited to sales and operational performance but also
operasional, namun juga pada aspek penguatan struktur              extended to bolstering the financial structure, enhancing
keuangan, profitabilitas, dan meletakkan fondasi baru untuk        profitability, and laying a new foundation for long-term
keberlangsungan usaha di masa depan.                               business sustainability.


Perseroan mencatatkan sejumlah pencapaian penting                  The Company recorded several key milestones that
membawa dampak cukup signifikan bagi operasional dan               significantly impacted operations and overall business
pencapaian kinerja usaha. Proses adaptasi terhadap kondisi         performance. The process of adapting to prevailing
dan tantangan yang ada melahirkan sejumlah terobosan dan           conditions and challenges sparked various breakthroughs
langkah inovasi. Perseroan terus berupaya mengefisiensikan         and innovative measures. The Company continues to strive




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proses usaha, memperkuat strategi pemasaran, serta            for greater efficiency in its business processes, strengthen
mengatur prioritas untuk menjaga roda pertumbuhan dan         marketing strategies, and manage priorities to maintain
stabilitas usaha.                                             growth momentum and business stability.


Pada aspek pengembangan proyek, Perseroan masih               Regarding project development, the Company remains
memfokuskan pada proyek-proyek yang sudah ada, baik pada      focused on its existing portfolio across the residential,
segmen perumahan, mixed-use & high rise, dan Industrial       mixed-use & high-rise, and industrial segments as primary
sebagai sumber penjualan, serta properti investasi sebagai    sales drivers, alongside investment properties as sources
sumber pendapatan berulang. Segmen pengembangan               of recurring income. The residential development segment
perumahan masih menjadi fokus pertumbuhan di tahun            continued to be the focal point of growth in 2025. Currently,
2025. Pada saat ini terdapat 17 proyek perumahan yang         the Company is developing 17 residential projects across
dikembangkan Perseroan di sejumlah lokasi, seperti            strategic locations, including Jakarta, Tangerang, and
Jakarta, Tangerang, dan Surabaya. Salah satu pencapaian       Surabaya. A notable achievement in 2025 was the launch
penting tahun 2025 adalah peluncuran Regatta Residence,       of Regatta Residence, a new nautical-themed residential
perumahan baru bertemakan nautikal seluas 4,9 hektare         project spanning 4.9 hectares as part of the Regatta
yang menjadi bagian dari pengembangan kawasan Regatta,        integrated development in Pluit, North Jakarta. In February
Pluit, Jakarta Utara. Pada bulan Februari 2025, Perseroan     2025, the Company also launched the Alba cluster, the latest
juga meluncurkan klaster Alba, sebagai pengembangan           development within the Graha Famili residential estate
terbaru di perumahan Graha Famili, Surabaya. Sementara        in Surabaya. Meanwhile, other residential projects saw
pada proyek perumahan lainnya dilakukan peluncuran tipe-      the launch of new, more modern housing types tailored to
tipe rumah baru yang lebih modern dan sesuai kebutuhan        current market demands.
pasar.


Memperkuat sumber pendapatan berulang, Perseroan              To strengthen its recurring income streams, the Company,
melalui PT Intiwhiz International meresmikan pembukaan        through PT Intiwhiz International, inaugurated the opening
Grand Whiz Hotel Praxis Surabaya. Hotel berstandar bintang    of Grand Whiz Hotel Praxis Surabaya. This four-star hotel
empat ini melengkapi pengembangan Praxis sebagai              complements the development of Praxis as an integrated
superblok terpadu yang lokasinya di jantung kawasan           superblock located in the heart of Surabaya’s Central
pusat bisnis Surabaya. Menyediakan 267 kamar, hotel ini       Business District (CBD). Featuring 267 rooms, the hotel is
dilengkapi fasilitas lengkap. Perseroan juga memperluas       equipped with comprehensive facilities. The Company also
portofolio layanan melalui peluncuran Keep Storage,           expanded its service portfolio by launching Keep Storage,
sebuah solusi penyimpanan mandiri yang mengintegrasikan       a self-storage solution that integrates digital technology
teknologi digital dengan kemudahan aksesibilitas, jaminan     with accessibility, guaranteed security, and space efficiency,
keamanan, dan efisiensi penggunaan ruang yang berlokasi       located in the Annexe building of Intiland Tower Jakarta.
di gedung Annexe Intiland Tower Jakarta.


Melalui entitas anak PT Intiland Alfa Rendita, Perseroan      Through its subsidiary, PT Intiland Alfa Rendita, the Company
berkolaborasi dengan ION Network mendirikan perusahaan        collaborated with ION Network to establish a joint venture
joint venture yang bergerak pada layanan penyediaan Pusat     company specializing in Data Center services. The formation
Data. Pembentukan perusahaan joint venture ini menjadi        of this joint venture is part of a strategy to optimize existing
salah satu strategi untuk optimalisasi aset-aset properti     property assets and explore opportunities within the rapidly
yang dimiliki serta menjajaki peluang masuk ke bisnis pusat   growing data center industry.
data yang berkembang pesat.


Untuk meningkatkan penjualan, Perseroan meluncurkan           To boost sales, the Company launched two major promotional
dua program promo penjualan di sepanjang tahun 2025.          programs throughout 2025. The first was the "Hot Summer
Pertama program "Hot Summer Sale" yang berlangsung            Sale," which ran from June to August 2025, followed by
sejak Juni-Agustus 2025 dan “Fantastic Deals” yang            “Fantastic Deals,” held from October to December 2025. Both
berlangsung Oktober-Desember 2025. Kedua program              programs offered a wide selection of property products—
promosi ini menyediakan beragam produk properti pilihan       including landed houses, apartments, offices, SOHOs, and



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seperti rumah tapak, apartemen, perkantoran, SOHO, dan          warehouses—alongside        special   purchasing     incentives.
pergudangan serta menyediakan kemudahan pembelian               These programs were well-received and garnered significant
spesial. Program ini mendapat apresiasi yang cukup baik dari    appreciation from the public.
masyarakat.


Di tengah kondisi pasar properti yang masih menantang,          Amidst the challenging property market conditions,
penerapan prinsip penuh kehati-hatian di setiap kebijakan       implementing the principle of prudence in every policy has
menjadi langkah penting dalam pengelolaan risiko. Perseroan     become a vital step in risk management. The Company has
menempuh langkah konservatif dalam berekspansi dan              adopted a conservative approach toward expansion and
investasi pengembangan proyek baru. Sumber daya                 investment in new project developments. Resources are
didayagunakan secara ekstra hati-hati agar setiap kebijakan     deployed with extreme caution to ensure that every strategic
strategis dapat berjalan efektif untuk mencapai target          policy is executed effectively to achieve long-term growth
pertumbuhan usaha secara jangka panjang.                        targets.


Kinerja saham Intiland di lantai bursa bergerak cukup           The performance of Intiland’s shares on the stock exchange
dinamis namun mengalami penurunan di akhir tahun 2025.          was quite dynamic, though it experienced a decline toward
Pada sesi pembukaan perdagangan saham di awal tahun,            the end of 2025. At the opening of the year’s trading session,
saham berkode DILD ini ditransaksikan di harga Rp162 per        shares coded DILD were traded at Rp162 per share. At the
lembar. Pada sesi penutupan perdagangan saham tanggal           closing session on December 31, 2025, DILD closed at Rp137
31 Desember 2025, DILD ditutup di posisi Rp137 per lembar.      per share. DILD shares reached a peak price of Rp171 per
Saham DILD sempat mencapai harga tertinggi Rp171 per            share on January 6, 2025, and hit a low of Rp110 per share on
lembar pada 6 Januari 2025 serta posisi terendah pada 4 Juli    July 4, 2025.
2025 di harga Rp110 per lembar.


Pada tahun 2025, Perseroan berusaha menjaga struktur            In 2025, the Company remained committed to maintaining a
keuangan perusahaan tetap sehat untuk memastikan                sound financial structure to ensure the availability of funds
ketersediaan dana untuk operasional dan pengembangan            for operational activities and future business development.
usaha   ke    depan.   Setiap   kebijakan   keuangan    yang    All financial policies were implemented based on prudent
dijalankan didasari oleh prinsip kehati-hatian dengan           principles, with careful consideration of associated risks.
mempertimbangkan segala aspek risikonya. Salah satu             One of the key achievements during the year was the
pencapaian adalah keberhasilan dalam memperbaiki rasio-         improvement in several critical financial ratios, including
rasio penting keuangan, seperti solvabilitas, struktur modal,   solvency, capital structure, and profitability indicators.
dan kemampuan profitabilitas.


Pada aspek Sumber Daya Manusia (SDM), peningkatan               In terms of Human Resources (HR), quality enhancement
mutu masih menjadi prioritas penting di tahun 2025. Kami        remained a top priority in 2025. We recognize that
memahami bahwa pengembangan SDM memiliki peran                  HR development plays a crucial role in the Company’s
sangat penting bagi keberlangsungan dan masa depan              sustainability and future. Investment in HR is realized through
perusahaan. Investasi pada SDM diwujudkan dalam berbagai        various development programs, including training, values
program pengembangan, seperti pelatihan, internalisasi          internalization, welfare improvement, and transparent,
nilai, peningkatan kesejahteraan, hingga jenjang karier yang    challenging career paths. Throughout 2025, the Company
terbuka dan menantang. Di sepanjang tahun 2025, Perseroan       organized and participated in 343 training activities,
mengadakan dan mengikuti sebanyak 343 kegiatan                  totaling 9,011 learning hours. These programs included
pelatihan dengan total waktu pembelajaran mencapai              technical training, competency enhancement, knowledge
9.011 jam pelatihan. Beberapa program pengembangan              management, workshops, sharing sessions, employee
tersebut antara lain meliputi pelatihan teknis, peningkatan     engagement initiatives, and innovation competitions.
kompetensi, manajemen pengetahuan, lokakarya, sesi
berbagi, employee engagement, dan kompetisi inovasi.




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Ajang kompetisi inovasi diselenggarakan setiap tahun.         The innovation competition is held annually. In 2025, the
Di tahun 2025, kompetisi ini diikuti sebanyak 62 proyek       competition was participated in by 62 innovation projects,
inovasi yang menghasilkan sebanyak 10 inovasi terbaik di      resulting in 10 best innovations in the areas of marketing,
bidang pemasaran, proses bisnis, pengadaan, pengelolaan       business processes, procurement, building management,
gedung, hingga layanan berbasis teknologi informasi.          and information technology–based services. This event
Gagasan menggelar ajang ini bertujuan sebagai wadah bagi      serves as a platform for all employees to foster a spirit of
segenap karyawan untuk membangun semangat perubahan           change and continuous improvement. Every employee has
dan perbaikan secara berkelanjutan. Seluruh karyawan          the opportunity to develop creative ideas and concepts
berkesempatan membangun ide dan gagasan kreatif untuk         to improve business processes and maximize work
memperbaiki proses bisnis dan efektivitas kerja secara        effectiveness.
maksimal.

PENERAPAN TATA KELOLA PERUSAHAAN                              IMPLEMENTATION OF CORPORATE
                                                              GOVERNANCE
Kami berkeyakinan untuk mencapai pertumbuhan usaha            We believe that achieving sustainable business growth
secara berkelanjutan memerlukan komitmen terhadap Tata        requires a strong commitment to Good Corporate
Kelola Perusahaan yang Baik (Good Corporate Governance/       Governance (GCG). The implementation of GCG is an
GCG). Implementasi GCG menjadi satu kesatuan yang             integral part of our commitment to enhancing corporate and
tidak terpisahkan dengan komitmen untuk meningkatkan          shareholder value, as well as supporting long-term growth
nilai perusahaan dan pemegang saham maupun strategi           strategies. Governance has become an important aspect
pertumbuhan jangka panjang. Governansi menjadi aspek          for all corporate organs in alignment with the Corporate
penting bagi semua organ perusahaan yang selaras dengan       Governance Guidelines issued by the Financial Services
Pedoman Tata Kelola Perusahaan yang diterbitkan oleh          Authority.
Otoritas Jasa Keuangan.


Penerapan GCG sepanjang tahun 2025 menegaskan kuatnya         The implementation of GCG throughout 2025 reaffirmed
komitmen perusahaan untuk menjadikan prinsip tata             the Company’s strong commitment to making governance
kelola sebagai fondasi keberlangsungan bisnis. Perseroan      principles the foundation of business sustainability. The
secara konsisten mengintegrasikan nilai-nilai transparansi,   Company consistently integrates the values of transparency,
akuntabilitas, dan kepatuhan terhadap etika bisnis guna       accountability, and adherence to business ethics in order to
memelihara kepercayaan para pemangku kepentingan,             maintain the trust of stakeholders, ranging from shareholders
mulai dari pemegang saham hingga masyarakat luas. Fokus       to the broader community. This focus demonstrates that
ini membuktikan bahwa GCG bukan dipandang sebagai             GCG is not merely regarded as an administrative obligation,
kewajiban administratif, melainkan hadir sebagai aset         but rather as a strategic asset to safeguard the Company’s
strategis untuk menjaga reputasi dan kredibilitas korporasi   reputation and credibility in the long term.
secara jangka panjang.


Di Intiland, implementasi GCG mendapat sinergi dan            At Intiland, the implementation of GCG receives full synergy
dukungan penuh dari seluruh organ tata kelola. Dewan          and support from all governance bodies. The Board of
Komisaris berperan aktif dalam memberikan pengawasan          Commissioners plays an active role in providing oversight
dan nasihat strategis kepada Direksi. Melalui evaluasi        and strategic advice to the Directors. Through periodic
berkala sepanjang tahun 2025, Perseroan memastikan            evaluations conducted throughout 2025, the Company
bahwa sistem pengendalian internal dan manajemen risiko       ensures that internal control systems and risk management
berjalan secara memadai. Pencapaian ini mencerminkan          are functioning adequately. This achievement reflects the
adanya mekanisme checks and balances yang sehat. Setiap       presence of a sound checks and balances mechanism. Every
keputusan strategis dan rencana kerja dievaluasi secara       strategic decision and work plan is carefully evaluated to
mendalam untuk memitigasi potensi risiko yang dapat           mitigate potential risks that could adversely affect the
merugikan Perusahaan.                                         Company.




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Sebagai wujud nyata dari transparansi dan tanggung jawab     As a tangible manifestation of the Company’s transparency
jangka panjang perusahaan, Kami menerbitkan Laporan          and long-term responsibility, we have published the 2025
Keberlanjutan (Sustainability Report) tahun 2025. Dengan     Sustainability Report. Carrying the theme “Sustainable
mengusung tema “Tangguh Berkelanjutan”, laporan ini          Resilience,”   this   report   reinforces   the    Company’s
mengukuhkan semangat Perusahaan untuk melangkah lebih        commitment to move forward by positioning governance
jauh dengan menjadikan aspek-aspek tata kelola sebagai       aspects as part of its sustainability vision. Through the
visi keberlanjutan. Melalui penguatan sistem manajemen       strengthening of this sustainable management system,
berkelanjutan ini, perusahaan tidak hanya bertujuan          the Company not only aims to meet compliance standards,
memenuhi standar kepatuhan, tetapi juga berupaya             but also strives to enhance competitiveness and foster
meningkatkan daya saing dan mempererat hubungan              harmonious relationships with all stakeholders.
harmonis dengan seluruh pemangku kepentingan.


Di tahun 2025, Perseroan kembali menegaskan bahwa            In 2025, the Company once again reaffirmed that the
implementasi Tanggung Jawab Sosial dan Lingkungan            implementation of Corporate Social and Environmental
Perusahaan (CSR) merupakan investasi jangka panjang          Responsibility (CSR) represents a long-term investment
yang menyatu dengan strategi bisnis berkelanjutan.           that is integrated with its sustainable business strategy.
Fokus utamanya mengerucut pada pelaksanaan program           The primary focus is directed toward the implementation of
pemberdayaan masyarakat yang berada di sekitar wilayah       community empowerment programs in areas surrounding
operasional proyek. Dengan menyasar area-area strategis      the operational sites of the Company’s projects. By
tersebut, Kami berupaya menciptakan kemandirian ekonomi      targeting these strategic areas, we aim to create economic
dan meningkatkan kualitas hidup masyarakat lokal, yang       independence and improve the quality of life of local
pada akhirnya akan menciptakan ekosistem bisnis yang         communities, which in turn will establish a more stable and
lebih stabil dan kondusif bagi pertumbuhan Perusahaan di     conducive business ecosystem for the Company’s future
masa depan.                                                  growth.


Pelaksanaan CSR juga mencerminkan tanggung jawab             The implementation of CSR also reflects the Company’s
moral perusahaan terhadap dampak sosial dan lingkungan       moral responsibility for the social and environmental
yang ditimbulkan oleh kegiatan operasionalnya. Melalui       impacts arising from its operational activities. Through an
pendekatan yang berbasis pemberdayaan dan konservasi,        approach based on empowerment and conservation, we
kami berusaha memastikan bahwa keberadaan proyek-            seek to ensure that the presence of our projects provides
proyek dapat memberikan nilai tambah nyata bagi              tangible added value to the surrounding environment. This
lingkungan sekitar. Komitmen ini memperkuat paradigma        commitment reinforces the paradigm that financial success
bahwa keberhasilan finansial harus berjalan selaras dengan   must go hand in hand with social well-being, thereby creating
kesejahteraan sosial, sehingga tercipta hubungan timbal      a harmonious and mutually beneficial relationship between
balik yang harmonis antara perusahaan dan pemangku           the Company and its stakeholders over the long term.
kepentingan dalam jangka panjang.

PERUBAHAN KOMPOSISI SUSUNAN DEWAN                            CHANGES IN THE COMPOSITION OF THE
KOMISARIS DAN DIREKSI                                        BOARD OF COMMISSIONERS AND THE
                                                             DIRECTORS
Pada tahun 2025 terdapat perubahan komposisi Dewan           In 2025, there were changes in the composition of the
Komisaris dan Direksi Perseroan yang telah mendapat          Company’s Board of Commissioners and the Directors,
persetujuan Rapat Umum Pemegang Saham (RUPS) tanggal         which were approved at the Annual General Meeting of
28 Mei 2025. Perubahan komposisi Dewan Komisaris             Shareholders (AGMS) held on May 28, 2025. These changes
dan Direksi ini seiring berakhirnya periode masa jabatan     were made in line with the expiration of the term of office
seluruh anggota Dewan Komisaris dan Direksi Perseroan.       of all members of the Company’s Board of Commissioners
Berdasarkan hasil keputusan RUPS Tahunan, komposisi          and the Directors. Based on the resolution of the AGMS,
Dewan Komisaris beranggotakan Bapak Dr. Sofyan A. Djalil     the composition of the Board of Commissioners consists
selaku Komisaris Utama dan Komisaris Independen, Bapak       of Dr. Sofyan A. Djalil as President Commissioner and




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Sinarto Dharmawan selaku Wakil Komisaris Utama, Bapak          Independent Commissioner, Mr. Sinarto Dharmawan as Vice
Friso Palilingan selaku Komisaris Independen, dan Bapak        President Commissioner, Mr. Friso Palilingan as Independent
Alexander S. Rusli selaku Komisaris Independen.                Commissioner, and Mr. Alexander S. Rusli as Independent
                                                               Commissioner.


Perubahan       komposisi    anggota    Direksi   Perseroan    The new composition of the Company’s Directors consists
beranggotakan Bapak Archied Noto Pradono selaku Direktur       of Mr. Archied Noto Pradono as President Director, Mr.
Utama, Bapak Utama Gondokusumo selaku Wakil Direktur           Utama Gondokusumo as Vice President Director, Ms. Novita
Utama, Ibu Novita Anggriani selaku Direktur, dan Bapak         Anggriani as Director, and Mr. Simon Joseph Wirawan as
Simon Joseph Wirawan selaku Direksi. Susunan Dewan             Director. The composition of the Board of Commissioners
Komisaris dan Direksi efektif sejak ditetapkan oleh RUPS       and the Directors became effective as determined by the
Tahunan untuk periode lima tahun ke depan yang akan            Annual AGMS for the next five-year period, which will end
berakhir pada tahun 2030.                                      in 2030.


Direksi menyampaikan terima kasih dan apresiasi kepada         The Directors extends its gratitude and appreciation to Mr.
Bapak Thio Gwan Po Micky,         Ibu Ping Handayani Hanli,    Thio Gwan Po Micky, Ms. Ping Handayani Hanli, Mr. Jahja
Bapak Jahja Asikin, Bapak Suhendro Prabowo, Bapak, Perry       Asikin, Mr. Suhendro Prabowo, Mr. Perry Yoranouw, and Mr.
Yoranouw, dan Bapak Permadi Indra Yoga atas kontribusi,        Permadi Indra Yoga for their contributions, dedication, and
dedikasi dan sumbangsih bagi Intiland selama menjabat          services to Intiland during their tenure as members of the
anggota Dewan Komisaris dan Direksi Perseroan pada             Company’s Board of Commissioners and the Directors in the
periode sebelumnya.                                            previous period.


Seluruh anggota Direksi memiliki kompetensi, pengalaman,       All members of the Directors possess diverse competencies,
keahlian, dan latar belakang pendidikan formal beragam yang    experience, expertise, and educational backgrounds that
saling mendukung dan saling melengkapi. Keberagaman            complement and support one another. This diversity of
latar belakang pendidikan, keahlian, dan pengalaman ini        educational backgrounds, expertise, and experience greatly
sangat membantu Direksi dalam melaksanakan fungsi,             assists the Board of Directors in carrying out its functions,
tugas, tanggung jawab, maupun kewenangannya untuk              duties, responsibilities, and authority in leading and
memimpin dan menjalankan pengelolaan Perusahaan.               managing the Company.

PENGHARGAAN PERSEROAN                                          CORPORATE AWARDS
Kami bangga dan bersyukur atas apresiasi, pengakuan, atau      We are proud and grateful for the appreciation, recognition,
penghargaan yang berhasil diraih Perseroan sepanjang           and awards received by the Company throughout 2025.
tahun 2025. Perseroan menyampaikan terima kasih kepada         The Company extends its sincere thanks to all parties who
seluruh pihak yang telah memberikan penghargaan dan            have provided recognition and appreciation for the property
apresiasi atas karya dan layanan properti yang dihadirkan      developments and services delivered by Intiland over the
Intiland selama ini.                                           years.


Pada tahun 2025, Perseroan menerima tiga penghargaan           In 2025, the Company received three prestigious awards. The
yang membanggakan. Perseroan meraih Penghargaan Saham          Company received the Best Stock Award 2025 in the mid-
Terbaik 2025 untuk kategori perusahaan berkapitalisasi pasar   market capitalization category in the property & real estate
menengah di sektor properti & real estat. Ajang penghargaan    sector. This award event was organized by Investortrust
ini diselenggarakan oleh Investortrust dan InfoVesta pada 25   and InfoVesta on February 25, 2025. The founder of Intiland,
Februari 2025. Pendiri Intiland (Alm.) Bapak Hendro Santoso    the late Mr. Hendro Santoso Gondokusumo, also received
Gondokusumo juga menerima penganugerahan tropi The             The Legacy trophy from Indonesia Property Watch at the
Legacy dari Indonesia Property Watch dalam ajang Golden        Golden Property Awards 2025. This award was presented
Property Awards 2025. Penghargaan ini diberikan sebagai        in recognition of his contributions to advancing Indonesia’s
wujud apresiasi atas kontribusi Beliau dalam memajukan         property industry. In addition, one of the Company’s flagship
industri properti Indonesia. Selain itu, salah satu flagship   properties, South Quarter integrated office complex,




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                                                                                                  Amesta Living, Surabaya




properti Perseroan, perkantoran terpadu South Quarter          received the Best Greenship Commitment award at the
meraih penghargaan Best Greenship Commitment dalam             Greenship Awards 2025 organized by the Green Building
ajang Greenship Awards 2025 yang diselenggarakan oleh          Council Indonesia.
Konsil Bangunan Hijau Indonesia.


Seluruh prestasi dan penghargaan ini memberikan dorongan       All these achievements and awards serve as encouragement
semangat dan motivasi bagi keluarga besar Intiland             and motivation for the entire Intiland family to continue
untuk menghadirkan inovasi dan layanan properti terbaik        delivering innovation and the best property services at all
sepanjang waktu.                                               times.

KENDALA YANG DIHADAPI PERSEROAN                                CHALLENGES FACED BY THE COMPANY
Mencermati     dinamika     perkembangan     perekonomian,     Amid the evolving dynamics of the economic landscape,
investasi,   dan   sektor   properti   nasional,   Perseroan   investment climate, and the national property sector,
berpandangan masih adanya sejumlah tantangan dan               the Company acknowledges that several challenges
kendala yang dihadapi di tahun 2025. Sektor properti belum     persisted throughout 2025. The property market has yet to
menunjukkan sinyalemen pertumbuhan yang signifikan,            demonstrate strong growth momentum, particularly within
khususnya pada segmen hunian vertikal. Minat beli              the vertical residential segment. Consumer purchasing and
dan investasi konsumen masih cukup rendah meskipun             investment interest remained relatively subdued, despite
Pemerintah memberikan sejumlah insentif kemudahan              the Government’s providing various incentives aimed at
pembelian properti bagi masyarakat.                            facilitating property ownership.

Kondisi ini menjadi dilematik bagi banyak perusahaan           These conditions have presented challenges for many
pengembang properti nasional, termasuk bagi Perseroan.         property developers in Indonesia, including the Company.
Sebagai bagian dari mitigasi risiko, Perseroan cenderung       As part of its risk mitigation efforts, the Company adopted a
memilih langkah konservatif dan sangat hati-hati untuk         prudent and measured approach in launching new projects.
meluncurkan proyek baru. Penjualan lebih mengandalkan          Consequently, sales performance was largely supported by
dari unit-unit stok yang ada di proyek-proyek yang telah       the existing inventory within ongoing developments.
berjalan.




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Mengantisipasi kondisi dan tantangan tersebut, Perseroan         In response to these conditions and challenges, the
menjalankan sejumlah kebijakan dan strategi untuk menjaga        Company implemented a range of strategic initiatives to
kinerja pertumbuhan. Selain mengalihkan fokus penjualan          maintain business resilience and performance. In addition
ke segmen properti lain yang lebih prospektif, Perseroan juga    to refocusing sales efforts on property segments with
menjalankan serangkaian program pemasaran, peluncuran            stronger growth potential, the Company also undertook
produk baru di proyek-proyek berjalan, serta penjualan aset      various marketing initiatives, introduced new product
non-core. Strategi ini efektif untuk menjaga operasional dan     offerings within active projects, and optimized its portfolio
kinerja usaha.                                                   through the divestment of non-core assets. These initiatives
                                                                 contributed to sustaining operational stability and overall
                                                                 business performance.


GAMBARAN TERHADAP PROSPEK USAHA                                  OUTLOOK ON BUSINESS PROSPECTS
Kami percaya industri properti memiliki peran penting            We believe that the property industry plays an important
dalam perkembangan masyarakat. Meskipun pasar masih              role in societal development. Although the market remains
cenderung selektif, sektor properti memiliki peran penting       relatively selective, the property sector continues to serve
sebagai penggerak ekonomi, penyerap tenaga kerja, dan            as a key driver of economic activity, a major source of
penyedia kebutuhan primer di tengah masih tingginya angka        employment, and a provider of primary needs, particularly
backlog di tahun 2025. Gambaran ini memberikan keyakinan         amid the still high housing backlog in 2025. This outlook
bagi Perseroan terhadap prospek usaha ke depan. Keyakinan        strengthens the Company’s confidence in its future business
pemerintah terhadap prospek usaha ke depan tercermin             prospects. The Government’s optimism regarding prospects
dari penetapan target pertumbuhan ekonomi sebesar 5,4%           is reflected in the economic growth target of 5.4%, with
dengan inflasi terkendali pada kisaran 2,5%.                     inflation expected to remain under control at around 2.5%.


Kebijakan dan program pemerintah untuk mengakselerasi            Government policies and programs aimed at accelerating
industri properti berperan penting dalam mempengaruhi            the property industry will play an important role in shaping
prospek usaha ke depan. Program pembangunan tiga juta            future   business    prospects. The    three-million-housing
rumah dan perpanjangan insentif PPN-DTP, diharapkan              program and the extension of the VAT incentive borne by the
mendorong permintaan properti, khususnya untuk properti          Government (VAT DTP) are expected to stimulate property
hunian. Di tahun 2026, pemerintah mengalokasikan                 demand, particularly in the residential segment. In 2026,
Anggaran Pendapatan dan Belanja Negara (APBN) sebesar            the Government allocated Rp58 trillion in the State Budget
Rp58 triliun, untuk mendukung program tiga juta rumah            (APBN) to support the three-million-housing program
melalui Kementerian Perumahan dan Kawasan Permukiman.            through the Ministry of Housing and Settlement Areas.


Kami memproyeksikan prospek sektor properti masih                We anticipate that the property sector will continue to focus
berfokus pada fase ketahanan, adaptasi segmen menengah-          on resilience, adaptation within the middle-to-lower market
bawah, penerapan kaidah bangunan hijau, dan transformasi         segments, the adoption of green building principles, and
digital atau kecerdasan buatan. Di tengah dinamika pasar,        digital transformation, including the utilization of artificial
Perseroan optimistik punya sumber daya yang mencukupi            intelligence. Amid market dynamics, the Company remains
untuk menjaga pertumbuhan kinerja secara jangka panjang.         confident in its capacity and resources to sustain long-
Memiliki Melalui empat ragam segmen pengembangan,                term performance growth. Through its four development
kawasan perumahan, mixed-use & high rise, kawasan industri       segments—residential      estates,   mixed-use    and    high-
dan properti investasi, Perseroan memiliki fleksibilitas untuk   rise developments, industrial estates, and investment
menentukan prioritas penjualan dan sumber pendapatan             properties—the Company retains the flexibility to prioritize
usaha di saat pasar bergejolak.                                  sales strategies and revenue streams during periods of
                                                                 market volatility.


Untuk     memastikan     pertumbuhan      usaha,   Perseroan     To support sustainable growth, the Company continues
memfokuskan pada empat strategi            utama, meliputi       to emphasize four strategic priorities: organic growth,
pertumbuhan organik, peluang akuisisi, kemitraan strategis,      acquisition opportunities, strategic partnerships, and




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serta pengelolaan modal dan investasi. Memperkuat                 disciplined     capital   and     investment    management.
penjualan proyek-proyek berjalan, meningkatkan kontribusi         Strengthening sales from ongoing projects, increasing
pendapatan berulang, meningkatkan nilai aset properti, dan        recurring income contributions, enhancing property asset
rencana pengembangan proyek kawasan industri baru akan            value, and advancing the development of new industrial
menjadi program prioritas yang dijalankan Perseroan.              estate projects will remain among the Company’s key focus
                                                                  areas.


Berbekal   pengalaman    dan    rekam   jejak    kesuksesan,      With its strong track record, capabilities, resources, and
kompetensi, sumber daya, dan keberagaman portofolio               diversified portfolio, the Company remains confident in its
usaha, Perseroan tetap yakin akan mampu tumbuh dan                ability to sustain growth and continue creating long-term
terus berkembang di masa depan.                                   value.


APRESIASI                                                         APPRECIATION
Atas nama Direksi, saya mengucapkan terima kasih kepada           On behalf of the Directors, I would like to express our
pemegang saham, investor, mitra, dan pelanggan atas               sincere   appreciation    to    our   shareholders,   investors,
kepercayaan dan dukungan yang luar biasa. Kami juga               business partners, and customers for their continued trust
menyampaikan apresiasi dan terima kasih atas arahan               and support. We also extend our gratitude to the Board of
Dewan Komisaris dan Komite Penunjang dalam mewujudkan             Commissioners and the Supporting Committees for their
tata kelola yang baik dan pertumbuhan berkelanjutan.              guidance and oversight in strengthening good corporate
                                                                  governance and sustainable growth.


Saya juga menyampaikan apresiasi kepada manajemen                 I would also like to acknowledge the dedication,
dan seluruh karyawan atas dedikasi, kontribusi, dan kerja         commitment, and contributions of the management team
keras yang luar biasa sehingga Perseroan berhasil melewati        and all employees, whose collective efforts enabled the
tahun 2025 dengan cukup baik, dan lebih siap menghadapi           Company to navigate 2025 with resilience and to be better
tantangan dan peluang di masa depan. Sejalan dengan               prepared for the challenges and opportunities ahead. In
tema Laporan Tahunan 2025, Intiland siap menapak tahun            line with the theme of the 2025 Annual Report, Intiland
2026 dengan lebih optimistik dan memperkukuh daya saing           is well-positioned to enter 2026 with renewed optimism
untuk tumbuh secara berkelanjutan.                                and to further strengthen its competitiveness in achieving
                                                                  sustainable growth.




                                                      Atas nama Direksi
                                                On behalf of Board of Directors
                                                 PT Intiland Development Tbk



                                                   Archied Noto Pradono
                                                       Direktur Utama
                                                      President Director




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SURAT PERNYATAAN ANGGOTA DIREKSI DAN ANGGOTA DEWAN KOMISARIS TENTANG
TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2025 PT INTILAND DEVELOPMENT TBK
STATEMENT LETTER OF THE MEMBERS OF THE DIRECTORS AND THE BOARD OF
COMMISIONERS RELATING TO THE RESPONSIBILITY OF THE 2025 ANNUAL REPORT OF PT
INTILAND DEVELOPMENT TBK

Kami yang bertanda tangan di bawah ini menyatakan           We, the undersigned, hereby declare that all information
bahwa semua informasi dalam Laporan Tahunan PT Intiland     contained in the 2025 Annual Report of PT Intiland
Development Tbk tahun 2025 telah dimuat secara lengkap      Development Tbk has been fully disclosed, and we are
dan bertanggung jawab penuh atas kebenaran isi Laporan      responsible for the accuracy of the content of this Annual
Tahunan Perusahaan. Demikian Pernyataan ini dibuat          Report. This statement was made with actual.
dengan sebenarnya.

                                               Jakarta, 15 April 2026
                                               Jakarta, 15 April 2026


Anggota Direksi                                             Anggota Dewan Komisaris
Members of the Directors                                    Member of the Board of Commissioners




Archied Noto Pradono                                        Dr. Sofyan A. Djalil
Direktur Utama                                              Komisaris Utama & Komisaris Independen
President Director                                          President Commissioner & Independent Commissioner




Utama Gondokusumo                                           Sinarto Dharmawan
Wakil Direktur Utama                                        Wakil Komisaris Utama
Vice President Director                                     Vice President Commissioner




Novita Anggriani B                                          Friso Palilingan
Direktur                                                    Komisaris Independen
Director                                                    Independent Commissioner




Simon Joseph Wirawan                                        Alexander S. Rusli
Direktur                                                    Komisaris Independen
Director                                                    Independent Commissioner




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                                                  1Park Avenue, Jakarta

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Company Profile




02
LAPORAN MANAJEMEN
MANAGEMENT REPORT




03
PROFIL
PERUSAHAAN
COMPANY
PROFILE




04
ANALISIS & PEMBAHASAN MANAJEMEN
MANAGEMENT DISCUSSION AND ANALYSIS




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                                                       Praxis, Surabaya

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DATA PERUSAHAAN
COMPANY DATA


                          Nama Perusahaan                                         Kode Saham
                          Name of the Company                                     Ticker Code
                          PT Intiland Development Tbk                             DILD



                          Status Perusahaan                                       Tanggal Pendirian
                          Company Status                                          Date of Establishment
                          Perseroan Terbatas                                      10 Juni 1983
                          Limited Liability Company                               June 10, 1983



                          Landasan Hukum Pendirian
                          Legal basis of Establishment
                          Akta Notaris No. 118 tanggal 10 Juni 1983 dan Surat Keputusan No. C2-6668-HT.01.01
                          Th.83 tanggal 10 Oktober 1983
                          Deed no. 118 dated June 10, 1983 and Decree of Minister of Justice of the Republic of
                          Indonesia No. C2-6668-HT.01.01 Th.83 dated October 10, 1983



                          Bidang Usaha
                          Line of Business
                          Sesuai dengan pasal 3 Anggaran Dasar Perseroan, Perseroan melaksanakan kegiatan
                          usaha utama, yaitu pengembang, perdagangan dan jasa real estate dan properti.
                          In accordance with article 3 of the Company’s Articles of Association, the Company
                          carries out its main business activities, namely development, trading, and real estate
                          and property services.
                          Segmen Usaha
                          Business Segments
                          Pengembangan, perdagangan dan jasa realestat dan properti.
                          Real estate and property development, trading and services.



                          Penawaran Umum Saham Perdana                            Modal Dasar
                          di Bursa Efek Jakarta                                   Authorized Capital
                          Initial Public Offering on Jakarta
                          Stock Exchange                                          Rp6.000.000.000.000
                                                                                  (enam triliun Rupiah)
                          1 September 1991                                        (six trillion Rupiah)
                          September 1, 1991



                          Modal Ditempatkan dan Disetor Penuh
                          Issued and Fully Paid-in Capital
                          Rp2.591.463.546.250
                          (dua triliun lima ratus sembilan puluh satu miliar empat ratus enam puluh tiga juta
                          lima ratus empat puluh enam ribu dua ratus lima puluh Rupiah)
                          (two trillion five hundred and ninetyone billion four hundred and sixty-three million
                          five hundred and forty-six thousand two hundred and fifty Rupiah)




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                                                                                             Intiland Tower, Jakarta




                    Jumlah Karyawan                                  Alamat Kantor Pusat
                    Total Employees                                  Head Office Address
                    1.163                                            Intiland Tower, lantai Penthouse
                                                                     Jl. Jendral Sudirman 32, Jakarta
                                                                     10220

                    Telepon
                    Telephone
                    +62 21 570 1912 / 570 8808                       Sekretaris Perusahaan
                                                                     Corporate Secretary
                                                                     Theresia Rustandi
                                                                     Surel /Email :
                    Faksimili                                        theresia.rustandi@intiland.com
                    Facsimile                                        Alamat /Address:
                    +62 21 570 0014 / 570 0015                       Intiland Tower, Lantai Penthouse
                                                                     Jalan Jend. Sudirman 32, Jakarta
                                                                     Pusat 10220

                    Surel
                    Email
                                                                     Hubungan Investor
                    info@intiland.com                                Investor Relation
                                                                     Nathan Tanugraha
                                                                     Surel /Email :
                                                                     nathan.tanugraha@intiland.com
                    Situs Web                                        Alamat /Address:
                    Website                                          Intiland Tower, Lantai Penthouse
                    www.intiland.com                                 Jalan Jend. Sudirman 32, Jakarta
                                                                     Pusat 10220




           @intilanddev Intiland Development Tbk   Intiland Development   PT Intiland Development Tbk




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RIWAYAT SINGKAT PERUSAHAAN
COMPANY AT GLANCE




                    Menapak dekade tahun 2000-an, Perseroan mengalami momen-
                    momen penting dalam pengembangan dan restrukturisasi usaha.
                    Pasca terdampak badai krisis ekonomi tahun 1998, pada tahun 2007,
                    Perseroan sukses melakukan proses restrukturisasi dan bertransformasi
                    menjadi PT Intiland Development Tbk sesuai dengan akta Nomor 16
                    tanggal 29 Juni 2007 dan Surat Keputusan Menteri Kehakiman Nomor
                    W7-10019 HT.01.04-TH.2007 tanggal 11 September 2007.

                    In decade of 2000s, Intiland experienced important moments in business
                    development and restructuring. In 2007, after being affected by the 1998 economic
                    crisis, the company successfully completed a restructuring process and transformed
                    into PT Intiland Development Tbk, as per Deed Number 16 dated June 29, 2007,
                    and Decree of the Minister of Justice Number W7-10019 HT.01.04-TH.2007 dated
                    September 11, 2007.




Sejarah awal Intiland dimulai pada era tahun 1970-an saat         The early history of Intiland began in the 1970s when the
pendiri Perseroan, Bapak Hendro S. Gondokusumo mulai              company's founder, Mr. Hendro S. Gondokusumo began
menekuni bisnis properti. Perumahan Cilandak Garden               his venture in the property business. The Cilandak Garden
Housing di Jakarta Selatan dan Satelit Darmo di Surabaya,         Housing in South Jakarta and the Darmo Satellite in Surabaya,
Jawa Timur, menjadi dua proyek perdana yang sukses                East Java, were the first successful projects developed.
dikembangkan.


Sepanjang dekade tahun 1980-an, Perseroan sukses                  Throughout the 1980s, the Company successfully took several
melakukan sejumlah langkah penting dan strategis yang             important and strategic steps that laid the foundation for
menjadi fondasi dari perkembangan Perusahaan hingga               its development up to the present day. The Company was
saat ini. Perseroan secara resmi berdiri dengan nama PT           officially established under the name PT Wisma Dharmala
Wisma Dharmala Sakti berdasarkan Akta Notaris dari                Sakti based on a Notarial Deed by Kartini Mulyadi No. 118
Kartini Mulyadi No.118 tanggal 10 Juni 1983. Akta pendirian       dated June 10, 1983. The deed of establishment was approved
disetujui dan disahkan dalam Surat Keputusan No.C2-6668           and legalized in a Decree No. C2-6668 HT.01.01 Th.83 dated
HT.01.01 Th.83 tanggal 10 Oktober 1983. Di tahun yang sama,       October 10, 1983. In the same year, the Company began the
Perseroan memulai pembangunan Intiland Tower Jakarta,             construction of Intiland Tower Jakarta, an iconic building
sebuah bangunan gedung ikonis yang dirancang oleh sosok           designed by the renowned architect Paul Rudolph.
arsitek tersohor Paul Rudolph.


Pada fase pertumbuhan tersebut, Perseroan menjadi                 During this growth phase, the Company pioneered the first
pelopor pengembangan hunian reklamasi pertama di Asia             reclaimed residential development in Southeast Asia with
Tenggara melalui pengembangan kawasan Pantai Mutiara              the development of Pantai Mutiara located in Pluit, North
yang berlokasi di Pluit, Jakarta Utara. Perseroan juga            Jakarta. The Company also recorded a successful history in




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                                                                                                         Spazio Surabaya




mencatat sejarah sukses dalam mengembangkan banyak             developing many residential projects in Jabodetabek and
proyek perumahan di Jabodetabek dan Surabaya, antara           Surabaya, including Wisma Sarinah, Taman Harapan Indah,
lain Wisma Sarinah, Taman Harapan Indah, Taman Mutiara,        Taman Mutiara, Taman Gading Indah, and Talaga Bestari
Taman Gading Indah, dan Talaga Bestari serta proyek-proyek     and projects in Surabaya such as Wonokitri Indah housing,
di Surabaya seperti perumahan Wonokitri Indah, Chris           Chris Kencana, Darmo Harapan, Darmo Indah, Bogasari
Kencana, Darmo Harapan, Darmo Indah, Bogasari Residence,       Residence, and Bank Indonesia Housing. Another important
dan Bank Indonesia Housing. Langkah penting lainnya yakni      step was the Company’s expansion into the Industrial estate
ketika Perseroan mengambil langkah ekspansi ke bisnis          business through the development of Ngoro Industrial Park,
kawasan Industri melalui pengembangan Ngoro Industrial         in Mojokerto, East Java.
Park, di Mojokerto, Jawa Timur.


Perseroan berubah nama menjadi PT Dharmala Intiland            The Company changed its name to PT Dharmala Intiland Tbk
Tbk berdasarkan akta no. 46 tanggal 14 Juni 1991 dan Surat     based as per Deed No. 46 dated June 14, 1991, and Decree
Keputusan No. C2-3868 HT tanggal 1 April 1991. Tak berselang   No. C2-3868 HT dated April 1, 1991. Shortly thereafter, the
lama, Perseroan secara resmi mencatatkan saham di Bursa        Company officially listed its shares on the Indonesia Stock
Efek Indonesia pada 1 September 1991.                          Exchange on September 1, 1991.


Memasuki dasawarsa tahun 1990-an, Perseroan aktif              Entering the 1990s, the Company was actively developing
mengembangkan beragam proyek properti dengan segmen            various property projects with a broader range of segments,
yang lebih luas, meliputi kawasan mixed-use dan high-rise,     including mixed-use and high-rise areas, residential
hunian untuk segmen menengah atas, kawasan industri,           properties for the upper-middle class, industrial estate, and
hingga properti investasi. Pengembangan proyek properti        investment properties. Property projects developed during
di era tersebut di antaranya gedung perkantoran Graha          this era included the Graha Pratama office building, The




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Pratama, The Canary Pantai Mutiara, Taman Pegangsaan                  Canary Pantai Mutiara, Taman Pegangsaan Indah, Kintamani
Indah,      Kondominium        Kintamani,    pusat    perbelanjaan    Condominium, Menteng Prada shopping center, and Kemang
Menteng Prada, hingga perumahan Kemang Pratama 1 di                   Pratama 1, a residential area in Bekasi. In Surabaya, Intiland
Bekasi. Di Surabaya, Perseroan sukses mengembangkan                   successfully developed Intiland Tower Surabaya, Plaza Segi
Intiland Tower Surabaya, Plaza Segi Delapan, Kota Satelit,            Delapan, Kota Satellit, Graha Famili, World Trade Center,
Graha Famili, World Trade Center, Graha Residen, hingga               Graha Residen, and Mercure Grand Hotel.
Mercure Grand Hotel.


Era ini menjadi fase pertumbuhan cepat bagi perkembangan              This era marked a phase of rapid growth for the Company's
usaha Perseroan serta memperoleh sejumlah rekognisi dari              business development and earned several recognitions from
berbagi pihak. Perseroan di tahun 1996 dinobatkan oleh                various parties. In 1996, the Company was named by Asia
Majalah Asia Inc. sebagai salah satu dari 88 perusahaan               Inc. Magazine as one of the 88 fastest-growing companies
dengan pertumbuhan tercepat di Asia. Penilaian tersebut               in Asia. This recognition was based on the Company's sales
didasarkan pada pertumbuhan penjualan Perseroan selama                growth of 472% from 1992 to 1995. The development of the
1992-1995 sebesar 472%. Pengembangan proyek perumahan                 Graha Famili project in Surabaya received the Griya Cipta
Graha Famili di Surabaya, meraih penghargaan Griya Cipta              Nugraha award from Suara Indonesia, a daily business
Nugraha dari Suara Indonesia, sebuah surat kabar harian               newspaper in East Java. Then, in 1997, the Morgan Stanley
bisnis di Jawa Timur. Kemudian pada tahun 1997, Indeks                Capital International (MSCI) Index named the Company's
Morgan Stanley Capital Industrial (MSCI) menobatkan                   stock as one of the 16 highest-quality stocks.
saham Perseroan sebagai salah satu dari 16 saham paling
berkualitas.


Menapak dekade tahun 2000-an, Perseroan mengalami                     In decade of 2000s, Intiland experienced important
momen-momen             penting      dalam   pengembangan      dan    moments in business development and restructuring. In
restrukturisasi usaha. Pasca terdampak badai krisis ekonomi           2007, after being affected by the 1998 economic crisis, the
tahun 1998, pada tahun 2007, Perseroan sukses melakukan               company successfully completed a restructuring process and
proses restrukturisasi dan bertransformasi menjadi PT                 transformed into PT Intiland Development Tbk, as per Deed
Intiland Development Tbk sesuai dengan akta Nomor                     Number 16 dated June 29, 2007, and Decree of the Minister
16 tanggal 29 Juni 2007 dan Surat Keputusan Menteri                   of Justice Number W7-10019 HT.01.04-TH.2007 dated
Kehakiman Nomor W7-10019 HT.01.04-TH.2007 tanggal 11                  September 11, 2007.
September 2007.


Seiring dengan selesainya proses restrukturisasi dan                  With the completion of the restructuring and transformation
transformasi, Perseroan memasuki babak baru dan aktif                 process, Intiland entered a new chapter and actively
mengembangkan proyek-proyek properti di sejumlah                      developed property projects across various development
segmen. Beberapa di antaranya perumahan Taman Semanan                 segments. Some of these projects included Taman Semanan
Indah, apartemen Semanan Indah, dan pengembangan                      Indah residential area, Semanan Indah apartments, and the
klaster baru Inspira Leaf dan The Platinum di Graha Famili,           development of new clusters such as Inspira Leaf and The
Surabaya. Kesuksesan pada era ini juga ditandai dengan                Platinum at Graha Famili in Surabaya. Success during this era
pembangunan dan penyelesaian apartemen Regatta yang                   was also marked by the construction and completion of the
menjadi ikon di kawasan Jakarta Utara. Mengusung konsep               Regatta apartments, which became an icon in North Jakarta.
nautikal, Regatta dirancang oleh Tom Wright, sosok arsitek di         Featuring a nautical concept, Regatta was designed by Tom
balik bangunan ikonis Burj Al-Arab, Dubai.                            Wright, the architect behind the iconic Burj Al Arab in Dubai.


Memasuki            dekade   tahun    2010-an,   Intiland   kembali   Entering the 2010s, Intiland once again adopted an expansive
menempuh strategi ekspansif melalui banyak gebrakan                   strategy through numerous breakthroughs, launching and
dengan meluncurkan dan membangun proyek-proyek                        building property projects in the mixed-use and high-rise
properti di segmen pengembangan mixed-use and high                    development segments. In Jakarta, the Company launched
rise. Di Jakarta, Perseroan meluncurkan apartemen 1Park               the 1Park Residences apartment, Serenia Hills residential




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Residences, perumahan Serenia Hills, kawasan perkantoran           area, the integrated office complex South Quarter, and
terpadu South Quarter, dan kawasan mixed-use Aeropolis             the Aeropolis mixed-use development in Tangerang. The
di     Tangerang.   Perseroan    juga     sukses    meluncurkan    Company also successfully launched the integrated mixed-
pengembangan kawasan mixed use terpadu melalui                     use development with the Fifty Seven Promenade apartment,
apartemen Fifty Seven Promenade, yang berlokasi di                 located in the central business district of Thamrin, Jakarta.
kawasan pusat bisnis Thamrin, Jakarta. Sementara kiprah            Meanwhile, the company’s presence in Surabaya was marked
Perseroan di kota Surabaya ditandai dengan pengembangan            by the development of the Graha Festival superblock, which
kawasan superblok Graha Festival melalui pembangunan               included the Spazio office building and Spazio Tower, Praxis,
perkantoran Spazio dan Spazio Tower, Praxis, apartemen             Sumatra36 apartments, Graha Golf condominium, and The
Sumatra36, kondominium Graha Golf, hingga The Rosebay di           Rosebay at Graha Famili.
Graha Famili.


Dekade ini turut menjadi momentum Perseroan melakukan              This decade also marked a significant momentum for
ekspansi bisnis dan portofolio dengan merambah ke bisnis           Intiland, as it expanded its business and portfolio by entering
hospitality melalui Intiwhiz International, sebuah jaringan        the hospitality industry through Intiwhiz International, a
hotel yang mengelola berbagai merek seperti Whiz Hotel,            hotel chain managing various brands such as Whiz Hotel,
Whiz Prime Hotel, Grand Whiz Hotel, dan Whiz Luxe, serta           Whiz Prime Hotel, Grand Whiz Hotel, and Whiz Luxe. The
masuk ke bisnis healthcare melalui pendirian National              Company also ventured into the healthcare business by
Hospital di Surabaya. Di pasar modal, Perseroan mengukir           establishing National Hospital in Surabaya. In the capital
prestasi setelah sukses melakukan Penawaran Umum                   market, the Company achieved a significant milestone by
Terbatas III dalam rangka Penerbitan Efek Dengan Hak               successfully conducting a Limited Public Offering III for the
Memesan Efek Terlebih Dahulu senilai Rp2,07 triliun.               issuance of Pre-emptive Rights, raising IDR2.07 trillion.


Atas     pencapaian     dan     komitmen     yang    dijalankan,   Due to its achievements and commitment, the Company
Perseroan berhasil mendapatkan beragam pengakuan                   has successfully received various recognitions and awards.
dan penghargaan. Di tahun 2010, proyek Regatta meraih              In 2010, the Regatta project won the highest honor in the
penghargaan tertinggi dalam dunia properti global, Bali            global real estate industry, the Bali Congress Award, one
Congress Award, salah satu dari 12 kategori yang diumumkan         of the 12 categories announced at the BNI-FIABCI Prix
dalam BNI-FIABCI Prix d’Excellence Awards 2010. Intiland           d’Excellence Awards 2010. In 2014, Intiland was named
juga dinobatkan menjadi salah satu dari 50 perusahaan              one of the top 50 public companies in Indonesia by Forbes
publik terbaik Indonesia versi Majalah Forbes di tahun 2014        Magazine, recognized for its success in maintaining financial
atas keberhasilan dalam menjaga kinerja keuangan dan               performance and stock value over the past three years.
saham selama tiga tahun terakhir. Apresiasi lainnya adalah         Another notable recognition was for Best Office Design in
penghargaan Desain Perkantoran Terbaik di Asia Tenggara            Southeast Asia, awarded to the South Quarter project at the
untuk proyek South Quarter dalam ajang South East Asia             South-East Asia Property Awards (SEAPA) 2016.
Property Awards (SEAPA) tahun 2016.


Menapak era tahun 2020-an, Industri properti nasional              Entering the 2020s, the national property industry faced
menghadapi tantangan cukup berat akibat pandemi                    significant challenges due to the Covid-19 pandemic.
Covid-19. Penjualan properti menurun signifikan seiring            Property sales declined sharply as public purchasing power
dengan melemahnya daya beli masyarakat. Seperti dialami            weakened. Like many other property developers, this
banyak pengembang properti lainnya, kondisi ini telah              situation directly impacted on the Company's operations
berdampak langsung terhadap operasional dan kinerja                and business performance.
usaha Perseroan.


Di tengah situasi dan kondisi yang penuh tantangan                 Despite these challenging circumstances, Intiland managed
tersebut, Intiland masih berhasil menorehkan sejumlah              to achieve several milestones through the development of
pencapaian melalui pengembangan proyek baru maupun                 new projects and ongoing projects. During this difficult
pada proyek-proyek berjalan. Di tengah periode sulit ini,          period, the Company successfully completed two apartment




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                                                                                                Graha Natura, Surabaya




Perseroan berhasil menyelesaikan pembangunan dua                projects, namely SQ Rés and Fifty Seven Promenade. By the
proyek apartemen, yakni SQ Rés dan Fifty Seven Promenade.       end of 2022, the Company had also gradually begun delivering
Di penghujung tahun 2022, Perseroan secara bertahap             units of these two apartment projects to consumers.
memulai tahapan serah terima unit-unit kedua apartemen
tersebut kepada para konsumen.


Perseroan terus berkomitmen mengembangkan properti-             The Company remained committed to developing new
properti baru untuk memenuhi kebutuhan masyarakat.              properties to meet the needs of the community. Key
Sejumlah pencapaian penting antara lain meluncurkan             achievements included the launch of Aurora, a commercial
Aurora, area komersial berkonsep SOHO dan klaster baru          area with a SOHO concept, and the new Lily cluster at
Lily di Graha Natura, serta Tierra, sebuah kawasan superblok    Graha Natura, as well as Tierra, a superblock area in Darmo
di Darmo Harapan yang berlokasi di kota Surabaya.               Harapan, Surabaya. Another success was the Company's
Keberhasilan lainnya melakukan ekspansi pengembangan            expansion into the industrial estate sector with the launch
kawasan industri baru melalui peluncuran Batang Industrial      of Batang Industrial Park in Batang, Central Java. In Jakarta,
Park di Batang, provinsi Jawa Tengah. Di Jakarta Perseroan      the Company successfully launched Brezza, a new residential
sukses meluncurkan Brezza, perumahan baru yang berlokasi        development located in the Pantai Mutiara area in Pluit,
di kawasan Pantai Mutiara, Pluit, Jakarta serta klaster Virya   Jakarta, as well as the Virya Semanan cluster in West Jakarta.
Semanan di Jakarta Barat.




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Prestasi    membanggakan             di    kancah     internasional   On the international stage, the Company also achieved
juga berhasil ditorehkan Perseroan melalui sejumlah                   remarkable success through several prestigious awards.
penghargaan bergengsi. South Quarter dinobatkan sebagai               South Quarter was named the best office building in the
perkantoran terbaik di dunia dengan meraih penghargaan                world, winning the prestigious World Gold Winner at the
bergengsi World Gold Winner pada ajang FIABCI Prix                    FIABCI Prix d'Excellence Awards in 2022. The Serenia Hills
d'Excellence Awards tahun 2022. Pengembangan perumahan                residential development, located in Lebak Bulus, South
Serenia Hills yang berlokasi di Lebak Bulus Jakarta Selatan           Jakarta, was also recognized as the best residential project
juga mendapat pengakuan sebagai perumahan terbaik                     in the world, winning the World Gold Winner at the highly
di dunia setelah meraih penghargaan World Gold Winner                 regarded FIABCI World Prix d'Excellence Award in 2021.
pada kompetisi properti paling bergengsi FIABCI World Prix
d’Excellence Award tahun 2021.


Pada tahun 2025, Perseroan memfokuskan pengembangan                   In 2025, the Company focused on developing existing projects
pada proyek-proyek yang ada untuk memperkuat portofolio               while expanded its business portfolio. Intiland has launched
usaha. Intiland meluncurkan klaster Alba di kawasan                   Alba cluster in the prestigious residential area Graha Famili,
perumahan prestisius Graha Famili, Surabaya dan Regatta               Surabaya and Regatta Residence, which is part of Regatta
Residence yang merupakan bagian dari pengembangan                     development in Jakarta. Within the investment properties
kawasan Regatta, Jakarta. Di segmen properti investasi,               segment, the Company through PT Intiwhiz International
Perseroan melalui jaringan PT Intiwhiz International                  has launched Grand Whiz Hotel Praxis in Surabaya on Juni
meresmikan pembukaan Grand Whiz Hotel Praxis di                       2026. This four-star hotel strengthens Praxis’ position as an
Surabaya pada bulan Juni tahun 2025. Kehadiran hotel                  integrated mixed-use development.
bintang empat ini memperkuat posisi Praxis sebagai
pengembangan mixed-use terpadu.


Pencapaian     penting        lainnya,    Perseroan   memperluas      In another key achievement, the Company expanded its
portofolio jasa layanan melalui peluncuran Keep Storage,              service portfolio by launching Keep Storage, a self-storage
sebuah     solusi     layanan       penyimpanan     mandiri   yang    solution integrating digital technology located at the
mengintegrasikan teknologi digital yang berlokasi di Gedung           Annexe Building, Intiland Tower Jakarta. The Company also
Annexe, Intiland Tower Jakarta. Perseroan juga berkolaborasi          collaborated with ION Network to develop a Data Center at
dengan ION Network membangun Data Center di Intiland                  Intiland Tower Surabaya.
Tower Surabaya.


Sebagai trendsetter di industri properti Indonesia, Intiland          As a trendsetter in the Indonesian property industry,
berkomitmen untuk terus berkembang, berinovasi, dan                   Intiland is committed to continuing its growth, innovation,
meningkatkan keuntungan jangka panjang dengan tetap                   and long-term profitability while ensuring fairness to
berlaku adil terhadap semua pemangku kepentingan.                     all stakeholders. The Company continues to uphold the
Perseroan terus menjalankan nilai-nilai keberlanjutan                 values of Environmental, Social, and Governance (ESG)
Environment,        Social,   dan    Governance     (ESG)   melalui   through a series of green initiatives in its projects, applying
serangkaian inisiatif hijau di seluruh proyek dan menerapkan          sustainability principles across all aspects of its operations.
prinsip keberlanjutan pada seluruh aspek operasional                  This commitment reflects the Company's genuine effort
perusahaan. Komitmen ini menjadi wujud upaya nyata                    to deliver exceptional property masterpieces and the best
Perseroan untuk memberikan mahakarya properti dan                     services for consumers and society in Indonesia.
layanan terbaik bagi konsumen dan masyarakat di Indonesia.




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PERISTIWA PENTING PERUSAHAAN
CORPORATE MILESTONE


       1974           Pendiri Perseroan, Bapak Hendro S.                The Company’s founder, Mr. Hendro S.
                      Gondokusumo, mengembangkan Perumahan              Gondokusumo, developed the Cilandak Garden
                      Cilandak Garden Housing di Jakarta Selatan.       Housing in South Jakarta.




       1981           Pengembangan proyek pertama di Surabaya,          Development of the first project in Surabaya,
                      Perumahan Darmo Baru.                             Darmo Baru Housing.




       1982           Pengembangan Perumahan Taman Harapan              Development of the Taman Harapan Indah
                      Indah di Jakarta.                                 Housing in Jakarta.




       1983           Perseroan resmi beroperasi dengan nama            The Company officially began operations under
                      PT Wisma Dharmala Sakti dan memulai               the name of PT Wisma Dharmala Sakti and
                      pembangunan gedung perkantoran Intiland           started the construction of the Intiland Tower
                      Tower Jakarta.                                    Jakarta office building.




      1986




                      Bangunan ikonis Intiland Tower Jakarta selesai    The iconic Intiland Tower Jakarta was completed
                      dibangun dan mulai beroperasi.                    and began operations.




      1989            Dimulainya pengembangan Pantai Mutiara,           The development of Pantai Mutiara began, the
                      kawasan perumahan berkonsep kanal laut            first canal-estate area in Southeast Asia, located
                      pertama di Asia Tenggara, berlokasi di Pluit,     in Pluit, North Jakarta.
                      Jakarta Utara.




      1990            Mengembangkan kawasan industri perdana            Developed its first industrial estate through
                      melalui Ngoro Industrial Park, Mojokerto, Jawa    Ngoro Industrial Park in Mojokerto, East Java.
                      Timur.




       1991           Mencatatkan saham di Bursa Efek Indonesia (BEI)   The Company listed its shares on the Indonesia
                      dan menjadi perusahaan publik.                    Stock Exchange (IDX) and became a public
                                                                        company.




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  1992          Peluncuran Graha Famili, kawasan perumahan        The launch of Graha Famili, a prestigious
                prestisius di Surabaya Barat.                     residential area in West Surabaya.




  1997




                Menyelesaikan pembangunan dan mulai               The construction of Intiland Tower Surabaya was
                beroperasinya Intiland Tower Surabaya.            completed, and it began operations.




  2007          Perseroan sukses melakukan restrukturisasi        The Company successfully completed its
                dan bertransformasi menjadi PT Intiland           restructuring and transformed into PT Intiland
                Development Tbk.                                  Development Tbk.




 2008           Penyelesaian pembangunan Regatta tahap I yang     The completion of Phase I of the Regatta
                terdiri dari empat tower apartemen.               development, which consists of four apartment
                                                                  towers.




  2010          • Penawaran Umum Terbatas III dengan nilai        • Limited Public Offering III with a value of Rp2.7
                  Rp2,7 triliun.                                    trillion.
                • Dimulainya pengembangan kawasan                 • Commencement of development of landed
                  perumahan Graha Natura Surabaya.                  Graha Natura, Surabaya.
                • Peresmian Whiz Hotel Yogyakarta, hotel          • Inauguration of Whiz Hotel Yogyakarta, the
                  pertama di bawah bendera PT Intiwhiz              first hotel under PT Intiwhiz International.
                  International.




  2011




                • Peluncuran South Quarter, pengembangan          • The launch of South Quarter, an integrated
                  kawasan mixed-use terpadu di Jakarta Selatan.     mixed-use development in South Jakarta.
                • Pengembangan kawasan mixed-use Aeropolis        • The development of Aeropolis, a mixed-
                  yang berlokasi dekat dengan Bandara               use area located close to Soekarno-Hatta
                  Internasional Soekarno-Hatta, Tangerang.          International Airport, Tangerang.




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       2013           • Pembangunan apartemen 1Park Avenue di            • Starting construction of 1Park Avenue
                        Jakarta Selatan.                                   apartment in South Jakarta.
                      • Penerbitan obligasi senilai Rp500 miliar.        • Issuance of bonds worth Rp500 billion.
                      • Regatta meraih penghargaan kondominium           • Regatta was awarded the best condominium
                        terbaik di Indonesia di ajang South East Asia      in Indonesia at the Southeast Asia Property
                        Property Awards 2013.                              Awards 2013.




      2014            • Divestasi 60% saham PT Intiland Infinita,        • The divestment of 60% stake in PT Intiland
                        entitas induk dari jaringan hotel Intiwhiz.        Infinita, the parent entity of Intiwhiz hotel
                      • Pembangunan kawasan mixed-use terpadu              chain.
                        Praxis dan perkantoran Spazio Tower,             • Construction of Praxis, an integrated mixed-
                        Surabaya.                                          use area and Spazio Tower offices, Surabaya.
                      • Meraih penghargaan Top 50 Perusahaan Publik      • Awarded Top 50 Best Public Companies
                        Terbaik di Indonesia dari Forbes Indonesia dan     in Indonesia by Forbes Indonesia and Top
                        Top 10 Developer dari Building & Construction      10 Developer by Building & Construction
                        Interchange (BCI) Asia Award.                      Interchange (BCI) Asia Award.
                      • Pembangunan Regatta tahap II, yang meliputi      • Construction of Regatta phase II, which
                        tower London, New York, dan Shanghai.              includes London, New York, and Shanghai
                      • Peluncuran Intiland Teduh, program                 towers.
                        kepedulian yang bertujuan membantu               • Launching of Intiland Teduh, an awareness
                        penyediaan fasilitas tempat tinggal yang layak     program aimed at providing decent living
                        bagi masyarakat kurang mampu.                      facilities for the underprivileged.




       2015           • Penyelesaian South Quarter tahap I dan           • Completion of South Quarter phase I and
                        memperoleh sertifikasi Gold-Design                 obtained Gold-Design Recognition certification
                        Recognition dari Green Building Council            from Green Building Council Indonesia (GBCI).
                        Indonesia (GBCI).
                      • Peluncuran Graha Golf, kondominium dengan        • Launch of Graha Golf, a condominium with
                        panorama padang golf, di Graha Famili,             golf course views, at Graha Famili, Surabaya.
                        Surabaya.
                      • Pembentukan dua perusahaan baru, PT              • Establishment of two new companies, PT
                        Intiland Alfa Rendita dan PT Inti Algoritma        Intiland Alfa Rendita and PT Inti Algoritma
                        Perdana sebagai entitas anak usaha yang            Perdana as subsidiaries that focus on
                        fokus pada dukungan layanan infrastruktur          supporting infrastructure services and
                        dan jaringan sistem teknologi informasi di         information technology system networks in
                        proyek-proyek Perseroan.                           the Company's projects.




      2016




                      • Peluncuran proyek low-rise residential The       • Launch of low-rise residential project The
                        Rosebay, Graha Famili, Surabaya.                   Rosebay, Graha Famili, Surabaya.
                      • Memulai pengembangan kawasan Graha               • Commencement of Graha Natura phase II
                        Natura tahap II.                                   development.
                      • Penerbitan Obligasi II Intiland Development      • Issuance of Bonds II Intiland Development
                        Tahun 2016 senilai Rp590 miliar.                   2016 worth Rp590 billion.
                      • Perseroan melalui entitas anak menjalin          • The Company through its subsidiaries
                        kerja sama strategis dengan Reco Kris Pte Ltd,     established a strategic partnership with Reco
                        entitas anak GIC Singapura untuk kepemilikan       Kris Pte Ltd, a subsidiary of GIC Singapore for
                        dan pengembangan tahap I dan II South              the ownership and development of South
                        Quarter.                                           Quarter phase I and II.




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  2017          • Pengembangan South Quarter tahap II,               • South Quarter phase II development, through
                  melalui peluncuran apartemen SQ Res.                 the launched of SQ Res apartment.
                • Joint venture dengan GIC Singapore untuk           • Joint venture with GIC Singapore for the
                  kepemilikan dan pengembangan tahap I                 ownership and development of phase I of the
                  proyek Fifty Seven Promenade dan peluncuran          Fifty Seven Promenade project and the launch
                  apartemen Fifty Seven Promenade.                     of Fifty Seven Promenade apartments.
                • Presiden Direktur & CEO Intiland Bapak             • Intiland's President Director & CEO Mr. Hendro
                  Hendro S. Gondokusumo meraih penghargaan             S. Gondokusumo won the Asian Entrepreneur
                  Asian Enterpreneur Awards for Real Estate            Awards for Real Estate Development from
                  Development dari Fortune Times Awards.               Fortune Times Awards.
                • Meraih penghargaan Top 50 Mid Cap Public           • Received the Top 50 Mid Cap Public Listed
                  Listed Companies dari The 9th IICD Corporate         Companies award from the 9th IICD Corporate
                  Governance Awards 2017.                              Governance Awards 2017.




  2018          • Memulai pembangunan apartemen SQ Res,              • Construction of SQ Res apartment, Jakarta.
                  Jakarta.
                • Groundbreaking program perumahan rakyat            • Groundbreaking of public housing program
                  di Pacitan, Jawa Timur dengan berkolaborasi          in Pacitan, East Java by collaborating with
                  dengan para pengembang daerah.                       regional developers.
                • Perseroan mendapatkan sindikasi pinjaman           • The Company obtained a syndicated bank
                  perbankan senilai Rp2,8 triliun dari PT Bank         loan worth Rp2.8 trillion from PT Bank Negara
                  Negara Indonesia (Persero) Tbk dan PT Bank           Indonesia (Persero) Tbk and PT Bank Central
                  Central Asia Tbk.                                    Asia Tbk.




  2019          • Kerja sama strategis dengan PT Menara              • Strategic partnership with PT Menara
                  Prambanan untuk pengembangan proyek                  Prambanan for the development of mixed-use
                  mixed-use dan high rise Poins Square di Jakarta      and high rise project Poins Square in South
                  Selatan.                                             Jakarta.
                • Menandatangani Conditional Sale and                • Signed Conditional Sale and Purchase
                  Purchase Agreement (CSPA) untuk menjual 9%           Agreement (CSPA) to sell 9% stake in South
                  saham di South Quarter senilai Rp244 miliar          Quarter for Rp244 billion to Reco Kris Private
                  kepada Reco Kris Private Limited.                    Limited.
                • Divestasi saham dan piutang dari anak              • Divestment of shares and receivables from
                  perusahaan yang mengoperasikan National              a subsidiary that operates National Hospital
                  Hospital Surabaya.                                   Surabaya.




  2020




                • Serah terima unit kondominium Graha Golf           • Handover of Graha Golf condominium units to
                  kepada pembeli.                                      buyers.
                • Meluncurkan Intiland Youth Panel, program          • Launched Intiland Youth Panel, a Corporate
                  Corporate Social Responsibility (CSR) yang fokus     Social Responsibility (CSR) program that
                  pada pemberdayaan generasi muda.                     focuses on youth empowerment.




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       2021           • Peluncuran proyek baru Tierra, pengembangan      • Launched the new project Tierra, a 7.5-hectare
                        mixed-use seluas 7,5 hektare di Surabaya.          mixed-use development in Surabaya.
                      • Meluncurkan proyek baru Amesta Living,           • Launched the new project "Amesta Living," an
                        sebuah pengembangan kawasan mixed-                 integrated mixed-use development comprising
                        use terpadu yang meliputi perumahan,               residential, apartment, commercial, retail, and
                        apartemen, komersial, ritel dan perkantoran di     office space in East Surabaya.
                        Surabaya Timur.
                      • Akuisisi saham PT Segajung dan pengaktifan       • Acquired PT Segajung shares and reactivated
                        kembali izin usaha kawasan industri melalui        the industrial estate business permit through
                        entitas anak perusahaan PT Jateng Industri         the subsidiary PT Jateng Industri Intiland.
                        Intiland.
                      • Serenia Hills dinobatkan sebagai perumahan       • Serenia Hills was named the best housing
                        terbaik di dunia setelah meraih penghargaan        estate in the world after winning the World
                        World Gold Winner Fiabci Prix d’Excellence         Gold Winner award at the FIABCI Prix
                        Awards.                                            d'Excellence Awards.
                      • Penawaran Umum Berkelanjutan Sukuk Ijarah        • Conducted a Sustainable Public Offering of
                        Berkelanjutan I Intiland Development senilai       Sukuk Ijarah I Intiland Development worth
                        Rp250 miliar.                                      Rp250 billion.




      2022            • Dimulainya pengembangan kawasan industri         • Commenced development of Batang Industrial
                        Batang Industrial Park (BIP), Batang, Jawa         Park (BIP), Batang, Central Java.
                        Tengah.
                      • Kerja sama strategis dengan Mitbana Urban        • Formed a strategic partnership with Mitbana
                        Development Fund (“Mitbana”) untuk                 Urban Development Fund (“Mitbana”) for
                        pengembangan kawasan Transit-Oriented              the development of a 51-hectare integrated
                        Development terpadu seluas 51 hektare di           Transit-Oriented Development area in Talaga
                        Talaga Bestari, Tangerang.                         Bestari, Tangerang.
                      • Penawaran Umum Berkelanjutan Sukuk Ijarah        • Conducted the Sustainable Public Offering
                        Berkelanjutan I tahap II tahun 2022 senilai        of Sukuk Ijarah Berkelanjutan I Phase II in
                        Rp250 miliar dan Sukuk Ijarah Berkelanjutan        2022 worth Rp250 billion and Sukuk Ijarah
                        I Intiland Development Tahap III tahun 2022        Berkelanjutan I Intiland Development Phase III
                        senilai Rp250 miliar.                              in 2022 worth Rp250 billion.
                      • South Quarter dinobatkan sebagai                 • South Quarter was named the best office
                        Perkantoran Terbaik di Dunia setelah meraih        in the world after winning the World Gold
                        penghargaan World Gold Winner, dari FIABCI         Winner award at the FIABCI World Prix
                        World Prix d’Excellence Awards 2022.               d'Excellence Awards 2022.
                      • Intiland meraih penghargaan TrenAsia ESG         • Intiland won the TrenAsia ESG Excellence
                        Excellence 2022 kategori Commercial Property       2022 award in the "Commercial Property for
                        for Sustainability.                                Sustainability" category.




      2023            • Beroperasinya pabrik pertama di Batang           • Began operations at the first factory in Batang
                        Industrial Park, Batang, Jawa Tengah.              Industrial Park, Batang, Central Java.
                      • Peresmian Whiz Luxe Hotel Spazio Surabaya,       • Inaugurated the Whiz Luxe Hotel Spazio
                        hotel bintang lima pertama di jaringan hotel       Surabaya, the first five-star hotel in the
                        Intiwhiz.                                          Intiwhiz hotel chain.
                      • Peluncuran proyek baru Brezza, komplek           • Launched the new project "Brezza," a modern
                        hunian townhouse modern di Pantai Mutiara,         townhouse residential complex in Pantai
                        Pluit, Jakarta Utara.                              Mutiara, Pluit, North Jakarta.
                      • Peluncuran Green Bestari Park, pengembangan      • Launched Green Bestari Park, a 51-hectare
                        kawasan terpadu seluas 51 hektare di Talaga        integrated development in Talaga Bestari,
                        Bestari Tangerang, melalui perusahaan joint        Tangerang, through a joint venture with PT Inti
                        venture PT Inti Mitbana Development.               Mitbana Development.
                      • Pendiri dan Direktur Utama Intiland              • Intiland's Founder and President Director, Mr.
                        Bapak Hendro S. Gondokusumo menerima               Hendro S. Gondokusumo, received the Most
                        penghargaan sebagai Tokoh Perumahan                Favorite National Housing Figure award from
                        Nasional Terfavorit dari Himpunan                  the Association of Settlement and Housing
                        Pengembang Permukiman dan Perumahan                Developers (HIMPERRA).
                        Rakyat (HIMPERRA).




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  2024          • Groundbreaking tiga proyek unggulan                 • Held the groundbreaking ceremony for the
                  Perseroan di Ibu Kota Nusantara (IKN) oleh            Company's three flagship projects in the
                  Presiden Republik Indonesia Bapak Joko                Capital City of Nusantara (IKN), led by the
                  Widodo di Kawasan Inti Pusat Pemerintahan             President of the Republic of Indonesia, Mr. Joko
                  (KIPP) IKN 1B, Kalimantan.                            Widodo, in the Government Core Center Area
                                                                        (KIPP) IKN 1B, Kalimantan.
                • Meraih penghargaan Best Sukuk Ijarah di acara       • Won the Best Sukuk Ijarah award at the Best
                  Best Sharia Awards 2024 yang digelar oleh             Sharia Awards 2024 organized by Investortrust.
                  Investortrust.id.                                     id.
                • Serah terima lahan CSR di perumahan Puri            • Completed the handover of CSR land in the
                  Permata Indah, Pacitan, Jawa Timur, kepada            Puri Permata Indah housing complex, Pacitan,
                  Pemerintah Kabupaten Pacitan, Jawa Timur.             East Java, to the Pacitan Regency Government,
                                                                        East Java.
                • Proyek Poins meraih penghargaan dari Dewan          • Poins project received an award from the
                  Transportasi Kota Jakarta (DTKJ) Awards               Jakarta Transportation Council (DTKJ) Awards
                  2024 sebagai Kawasan Komersial/Gedung                 2024 for being a commercial area/building
                  yang menyediakan fasilitas terbaik untuk              that provides the best facilities to support the
                  mendukung integrasi angkutan umum, moda               integration of public transportation, active
                  transportasi aktif, serta mobilitas untuk             transportation modes, and accessibility for
                  penyandang disabilitas.                               people with disabilities.
                • Pelunasan pokok Sukuk Ijarah Berkelanjutan I        • The principal repayment of the Sustainable
                  Intiland Development Tahap III Tahun 2022 Seri        Sukuk Ijarah I Intiland Development Phase III
                  A senilai Rp125 miliar.                               of 2022 Series A amounting to Rp125 billion.




  2025




                • Intiland menerima Penghargaan Best Stock            • Intiland received Best Stock Awards 2025 in
                  Awards 2025 untuk kategori Kapitalisasi Middle        the Capitalization Middle Caps category of
                  Caps Sektor Properti & Real Estat.                    Property & Real Estate Sector.
                • Peluncuran Klaster Alba di Graha Famili,            • Launched Alba Cluster at Graha Famili,
                  Surabaya dan Keep Storage di Gedung Annexe            Surabaya and Keep Storage at Annexe Building
                  Intiland Tower Jakarta.                               Intiland Tower Jakarta.
                • Berkolaborasi dengan ION Network                    • Intiland collaborate with ION Network
                  membangun Data Center di Intiland Tower               to develop Data Center at Intiland Tower
                  Surabaya.                                             Surabaya
                • Peresmian pembukaan Grand Whiz Hotel                • Grand Opening Grand Whiz Hotel Praxis
                  Praxis Surabaya.                                      Surabaya.
                • Pelunasan Sukuk Ijarah Berkelanjutan I              • Repayment of the Sustainable Sukuk
                  Intiland Development Tahap II Tahun 2022              Ijarah I Intiland Development Phase II
                  (Sukuk Ijarah) senilai Rp250 miliar dan Sukuk         of 2022 amounting to Rp250 billion and
                  Ijarah Berkelanjutan I Intiland Development           the Sustainable Sukuk Ijarah I Intiland
                  Tahap III Tahun 2022 Seri B senilai Rp125 miliar.     Development Phase III of 2022 (Sukuk Ijarah) B
                                                                        Series amounting to Rp125 billion.
                • Pendiri Intiland (Alm.) Hendro Santoso              • Intiland's Founder, the late Hendro Santoso
                  Gondokusumo dianugerahi tropi The Legacy              Gondokusumo was honored with The Legacy
                  oleh Indonesia Property Watch dalam ajang             trophy by Indonesia Property Watch at the
                  Golden Property Awards.                               Golden Property Awards.
                • Peluncuran Regatta Residence, sebuah                • Launched Regatta Residence, a residential
                  pengembangan properti yang mengusung                  development designed with a resort-style
                  konsep resort-style living di kawasan                 living concept located in the development area
                  pengembangan Regatta, Jakarta Utara.                  of Regatta, North Jakarta.
                • South Quarter meraih penghargaan Best               • South Quarter received the Best GREENSHIP
                  GREENSHIP Commitment dalam ajang                      Commitment award at the 2025 GREENSHIP
                  GREENSHIP Awards 2025 yang diselenggarakan            Awards organized by Green Building Council
                  Green Building Council Indonesia (GBCI).              Indonesia (GBCI).




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Company Profile




VISI, MISI, DAN NILAI PERUSAHAAN
VISION, MISSION, AND CORPORATE VALUES




                                                                                                                           South Quarter, Jakarta




                                  Intiland memberi peluang bagi seluruh masyarakat Indonesia
                                  untuk menikmati kehidupan yang nyaman. Kehidupan yang
                                  nyaman adalah hidup yang bahagia dan sejahtera, dikelilingi
                                  oleh orang-orang yang dikasihi dan teman-teman dekat, dalam
                                  rumah yang nyaman dan indah, di lingkungan yang bersih dan
               VISI
               VISION
                                  menyenangkan dengan fasilitas terbaik.
                                  Intiland provides possibility to experience of not only living, but living well
                                  throughout Indonesia. Living well is living a happy life surrounded by loved ones
                                  and good friends in a comfortable and beautiful home in a clean and picturesque
                                  environment with excellent facilities.




                                  Intiland memiliki reputasi sebagai pengembang properti yang
                                  transparan, terpercaya, penggagas tren terdepan, berkomitmen
                                  untuk berkembang dan meningkatkan keuntungan jangka
                                  panjang, serta berlaku adil terhadap semua pemangku
                                  kepentingan.
              MISI
              MISSION
                                  Intiland is reputed as a transparent, trustworthy and trendsetting property
                                  developer committed to highly sustainable and long-term growth and
                                  profitability that deals fairly with all stakeholders.




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                                           NILAI      PERUSAHAAN
                                           CORPORATE VALUES


Satu Atap, Lima Pilar                                            One Roof, Five Pillars
Nilai-nilai Perusahaan merupakan sikap yang dijunjung            Corporate Values are the attitude that is continuously upheld
tinggi dalam pelaksanaan segala aktivitas pertumbuhan dan        in carrying out all activities for the growth and development
perkembangan Intiland. Perseroan menjunjung tinggi lima          of the Company. Intiland stands tall on five values known as
nilai yang dikenal sebagai TRICE, yaitu:                         TRICE, namely:




     Trustworthy                Kami membangun KEPERCAYAAN dengan menjunjung tinggi komitmen kami untuk
     (Kepercayaan)              membawa diri kami dengan integritas dan rasa tanggung jawab.
                                We build TRUSTWORTHINESS by upholding our commitment to carrying ourselves with
                                integrity and a sense of responsibility.




     Respect                    HORMAT merupakan bagian integral dari kepercayaan, dan kami menaruh hormat
     (Hormat)                   kepada pemangku kepentingan kami serta lingkungan di mana kami beroperasi.
                                RESPECT is integral to this trustworthiness, and we have as much regard to our
                                stakeholders as to the environment in which we operate.




     Innovation                 Dalam mengatasi tantangan kami sangat percaya kepada INOVASI yang mengagumkan
     (Inovasi)                  yang hanya dapat berkembang di dalam budaya yang mendukung keterbukaan dan
                                keberanian untuk mencoba.
                                We are firm believers in conquering challenges through awesome INNOVATION, which
                                can only thrive in a culture that endorses openness and the courage to try.




     Caring                     Namun, inovasi adalah kosong tanpa sentuhan kemanusiaan dan inilah alasan
     (Kepedulian)               mengapa kami menanamkan empati dalam tindakan KEPEDULIAN kami, apakah itu
                                melalui pelayanan yang tulus atau bantuan kepada mereka yang membutuhkan.
                                Yet, innovation is empty without the human touch and this is the reason why we ingrain
                                empathy in our acts of CARE, whether it be through our sincere service or assistance to
                                those in need of relief.




     Excellence                 Kami menjalankan operasional kami dengan cara-cara tersebut di atas untuk mencapai
     (Keunggulan)               KEUNGGULAN dalam semua usaha kami dan dengan demikian memantapkan peran
                                kami dalam kehidupan masyarakat pada hari ini dan di masa datang.
                                We operate in the above ways to attain EXCELLENCE in all our ventures and thus,
                                cement our role in the lives of people today and in the future.




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Peninjauan Kembali Visi dan Misi Perusahaan                    Review of The Company’s Vision and Mission
Direksi dan Dewan Komisaris Perseroan secara berkala           The Board of Directors and Board of Commissioners
melakukan peninjauan kembali atas visi dan misi Perusahaan.    periodically review the Company’s vision and mission. Based
Berdasarkan peninjauan dan kajian yang dijalankan di tahun     on the review and study carried out in 2025, the Company’s
2025, Direksi dan Dewan Komisaris menilai bahwa visi dan       vision and mission were considered to still be relevant and in
misi Perusahaan masih relevan dan sesuai dengan tujuan         line with the Company’s goals and direction of development.
dan arah pengembangan Perusahaan.


Strategi Perusahaan                                            Corporate Strategy
Pertumbuhan Organik                                            Organic Growth
Pertumbuhan organik merupakan salah satu strategi              Organic growth is one of the key strategies, with an approach
kunci dengan model pendekatan dan fokus utama pada             model and main focus is on optimizing asset value and land
peningkatan nilai aset dan cadangan lahan secara optimal.      bank reserves. This policy aims to maximize the return on
Kebijakan ini bertujuan untuk memaksimalkan tingkat            investment for shareholders by prioritizing the principle of
pengembalian investasi bagi para pemegang saham dengan         prudence at every stage of planning, development, and asset
mengutamakan prinsip kehati-hatian dalam setiap tahapan        and land bank management.
perencanaan, pengembangan, dan pengelolaan aset serta
cadangan lahan.

Kunci dari strategi ini adalah melakukan evaluasi secara       The key to this strategy is conducting regular evaluations of
berkala terhadap kualitas aset sehingga memungkinkan           asset quality, allowing the Company to identify assets that
Perseroan untuk mengidentifikasi aset yang kurang              are less profitable or no longer in line with the business
menguntungkan atau tidak lagi sesuai dengan strategi bisnis.   strategy. Through this approach, the Company can identify
Dengan cara tersebut, Perseroan juga dapat mengidentifikasi    assets with higher investment return potential.
aset-aset yang memiliki potensi pengembalian investasi
yang lebih tinggi.

Strategi pertumbuhan organik membantu dalam melakukan          The organic growth strategy aids in divesting less profitable
divestasi terhadap aset-aset yang kurang menguntungkan         assets and reallocating resources to more potential assets,
dan mengalokasikan sumber daya ke aset yang lebih              thus optimizing the portfolio and increasing the company’s
potensial, sehingga portofolionya lebih optimal dan            value. The implementation of this strategy reflects the
meningkatkan nilai perusahaan. Penerapan strategi ini          company's commitment to achieving sustainable growth
mencerminkan komitmen perusahaan untuk mencapai                and delivering significant added value for shareholders
pertumbuhan berkelanjutan dan memberikan nilai tambah          through efficient asset management.
yang signifikan bagi pemegang saham melalui pengelolaan
aset yang efisien.


Peluang Akuisisi                                               Acquisition Opportunities
Akuisisi merupakan strategi kunci untuk mencapai               Acquisition is a key strategy to achieving sustainable growth
pertumbuhan berkelanjutan dan menciptakan nilai jangka         and providing long-term value for shareholders. Each
panjang bagi pemegang saham. Setiap rencana akuisisi           acquisition plan is strategically considered to support the
dipertimbangkan secara strategis untuk mendukung visi dan      Company's vision and mission, aiming to expanding market
misi Perusahaan yang tujuannya memperluas pangsa pasar         share and rapidly grow the business.
dan mengembangkan bisnis dengan cepat.

Strategi ini meliputi akuisisi lahan baru, perusahaan          This strategy is pursued to obtain acquisition opportunities
properti yang sudah mapan, atau potensi bisnis lain di         in the form of developing new land, acquiring established
sektor properti. Perusahaan dapat menangkap peluang-           property companies, or even other business potential related
peluang yang muncul, seperti lahan strategis, properti yang    to the property sector. The Company can seize opportunities
menguntungkan, atau kolaborasi bisnis, terutama pada           that arise, such as strategic land, profitable properties,




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segmen pengembangan kawasan perumahan, mixed-use              or even potentially profitable business collaborations,
and high-rise, dan kawasan industri.                          especially in the residential, mixed use and high rise, and
                                                              industrial area development segments.

Strategi akuisisi membantu Perusahaan dalam memperluas        The acquisition strategy helps the company expand their
portofolio, meningkatkan pendapatan, memperkuat posisi        portfolio, increase revenue, strengthen its market position,
pasar, serta memperoleh akses ke segmen pasar baru,           and gain access to new market segments, technologies, and
teknologi, maupun keahlian yang meningkatkan daya saing       expertise that enhance its competitiveness in the property
di industri properti.                                         industry.


Kerja Sama Strategis                                          Strategic Cooperation
Kerja sama strategis merupakan langkah penting bagi           Strategic cooperation is an important step for the Company
Perseroan untuk menciptakan pertumbuhan melalui               to create growth through a collaborative approach and
pendekatan kolaborasi dan kerja sama dengan para pemilik      cooperation with land owners, investors and capital owners
lahan, investor, dan pemilik modal yang memiliki visi         who have visions and goals that are in line with the company’s
dan tujuan yang sejalan dengan strategi pertumbuhan           growth strategy. Through this strategy the Company can
perusahaan. Melalui strategi ini Perusahaan dapat             expand and increase access to various important resources
memperluas dan meningkatkan akses terhadap berbagai           for the development of larger and more complex property
sumber daya penting untuk pengembangan proyek-proyek          projects.
properti yang lebih besar dan lebih kompleks.

Perseroan dapat memanfaatkan keahlian dan pengalaman          The Company can utilize the expertise and experience of
masing-masing pihak untuk mengoptimalkan nilai proyek,        each party to optimize project value, risk management,
manajemen risiko, dan mencapai hasil yang lebih baik          and achieve better results overall. Strategic cooperation is
secara keseluruhan. Kerja sama strategis menjadi instrumen    an important instrument to improve the Company’s ability
penting untuk meningkatkan kemampuan Perseroan dalam          to access resources, reduce risks, and achieve sustainable
mengakses sumber daya, mengurangi risiko, dan mencapai        growth goals.
tujuan pertumbuhan yang berkelanjutan.


Manajemen Modal dan Investasi                                 Capital and Investment Management
Pengelolaan keuangan yang baik menjadi salah satu aspek       Good financial management is one of the most important
terpenting dalam upaya menjaga ketersediaan dana bagi         aspects in efforts to maintain the availability of funds for
pengembangan saat ini maupun rencana pengembangan di          current development and future development plans. The
masa mendatang. Perseroan secara hati-hati menjalankan        Company carefully monitors working capital and financial
                                                              position reports to maintain financial flexibility and ensure
pengawasan modal kerja dan laporan posisi keuangan
                                                              the availability of reserves.
untuk menjaga fleksibilitas keuangan serta memastikan
ketersediaan cadangan.


Perseroan juga secara terus menerus menjajaki peluang-        The Company also continuously explores opportunities to
peluang untuk meningkatkan kemampuan pendanaan                increase its funding capacity for developing projects in the
untuk   pengembangan       proyek-proyek   secara   jangka    medium or long term. Efforts to secure adequate financial
menengah atau jangka panjang. Upaya mengamankan               resources and create flexibility in funding sources are one
sumber daya keuangan yang memadai serta menciptakan           of the priorities to support company growth and expansion.
fleksibilitas sumber pendanaan menjadi salah satu prioritas   This effort helps the Company reduce financial risk and
untuk mendukung pertumbuhan dan ekspansi perusahaan.          increase flexibility in facing dynamic changes in market
Upaya ini membantu Perusahaan dalam mengurangi                conditions.
risiko keuangan dan meningkatkan fleksibilitas dalam
menghadapi perubahan kondisi pasar yang dinamis.




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KEGIATAN USAHA
BUSINESS ACTIVITIES




                                                                                                        Spazio, Surabaya




Perseroan menjalankan kegiatan usaha ke dalam empat           The Company divides its business activities into 4 core
segmen portofolio utama yang meliputi pengembangan            segments portfolio namely, development of mixed-use
mixed-use dan high rise, perumahan, kawasan industri, dan     and high-rise, landed residential, industrial estate, and
properti investasi di sekitar wilayah Jabodetabek (Jakarta,   investment properties in the Greater Jakarta area (Jakarta,
Bogor, Depok, Tangerang, Bekasi), Surabaya dan sekitarnya,    Bogor, Depok, Tangerang and Bekasi) as well as Surabaya and
serta Batang, Jawa Tengah.                                    its surrounding areas and Batang, Central Java.


Dari segi pendapatan usaha, Perusahaan membukukan             In terms of revenue, the Company earns revenue from sales
pendapatan dari pengakuan penjualan real estat dan            of real estate and recurring income from office rental, the
pendapatan berulang (recurring income) atas usaha sewa        development of hotel chain and management of golf course
perkantoran, usaha pengembangan jaringan hotel, dan           as well as sports facilities in several cities in Indonesia.
pengelolaan lapangan golf serta fasilitas olahraga di
sejumlah kota di Indonesia.


Informasi mengenai kegiatan usaha Perseroan dan segmen        Information on the Company’s business activities and
pengembangan properti dibahas lebih detail pada bab           development segment is discussed in greater detail in the
Analisa dan Diskusi Manajemen.                                Management Discussion and Analysis chapter.




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                                                             Company Profile




                                                  Intiland Tower, Jakarta

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PETA OPERASIONAL
OPERATIONAL MAPS

Peta Operasional Pulau Jawa
Java Island Operational Map




                      Jakarta

             Banten    Tangerang




                                                                                         Batang
                                                                                                                                                    Surabaya


                                                                                                                                     Mojokerto




Peta Operasional Jakarta
Jakarta Operational Map

                                                                                              Pantai Mutiara
                                                                                               Regatta
                                                                                               Regatta Residence
                                 Aeropolis
                                                                West One City        Brezza

                                                Virya Semanan
                                             Sakha Semanan
                                                                                                           Fifty Seven Promenade
                                                                                                         Intiland Tower

                                        Talaga Bestari                                1Park Avenue
                                                                                      1Park Homes
                                                                                                         Graha Pratama
                                                                    Serenia Estate
                                 Green Bestari Park                                      Pinang Residences
                                                                          Poins         South Quarter

            Magnolia Residence                                                                 SQ Rés
                                                                  Delima House
                                                                                                South Grove
                                             To Maja                Serenia Hills




      Radius 5 km dari Semanggi Interchange, CBD         Radius 10 km dari Semanggi Interchange, CBD           Proyek lain di Jakarta dan sekitarnya
      5 km radius from Semanggi Interchange, CBD         10 km radius from Semanggi Interchange, CBD           Other projects within Jakarta and its Greater Area
      • Intiland Tower                                   • South Quarter                                       • Pantai Mutiara
      • Fifty Seven Promenade                            • SQ Rés                                              • Regatta
      • Graha Pratama                                    • South Grove                                         • Regatta Residence
      • 1Park Avenue                                     • Serenia Hills                                       • Brezza
      • 1Park Homes                                      • Delima House                                        • Aeropolis
                                                         • Pinang Residences                                   • Talaga Bestari
                                                         • Serenia Estate                                      • Green Bestari Park
                                                         • Poins                                               • Magnolia Residence
                                                         • Virya Semanan                                       • Maja
                                                         • Sakha Semanan
                                                         • West One City




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                                                                                                                                        Company Profile




Peta Operasional Surabaya
Surabaya Operational Map

                                                                                                 World Trade Center
                                                                                                   Sumatra 36

                                                                              Intiland Tower     Praxis
                                                        Tierra

                                Graha Natura              Spazio          Plaza Segi Delapan

                                         Spazio Tower                 Graha Golf

                                                                          The Rosebay
                                                     Graha Famili
                                                   Golf Graha Famili
            To Batang Industrial Park




                                                                                                                  Amesta Living



                                                                   To Ngoro Industrial Park




   Radius 5 km dari Jl. Panglima Sudirman, CBD    Radius 10 km dari Jl. Panglima Sudirman, CBD    Proyek lain di Surabaya dan sekitarnya
   Surabaya                                       Surabaya                                        Other projects within Surabaya and its Greater
   5 km radius from Jl. Panglima Sudirman, CBD    10 km radius from Jl. Panglima Sudirman, CBD    Area
   Surabaya                                       Surabaya                                        • Ngoro Industrial Park
   • Intiland Tower                               • Graha Famili
   • Praxis                                       • Spazio
                                                                                                  Proyek lain di Batang dan sekitarnya
   • Sumatra 36                                   • Spazio Tower
                                                                                                  Other projects within Batang and its Greater
   • World Trade Center                           • Graha Golf
                                                                                                  Area
                                                  • The Rosebay
                                                                                                  • Batang Industrial Park
                                                  • Golf Graha Famili
                                                  • Tierra
                                                  • Graha Natura
                                                  • Plaza Segi Delapan
                                                  • Amesta Living




                                                                                                                                  Graha Golf, Surabaya




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STRUKTUR ORGANISASI
ORGANIZATION STRUCTURE


      DEWAN KOMISARIS / BOARD OF COMMISSIONERS

      Komisaris Utama & Komisaris Independen /			                      Dr. Sofyan A. Djalil
      President Commissioner & Independent Commissioner
      Wakil Komisaris Utama / Vice President Commissioner		            Sinarto Dharmawan
      Komisaris Independen / Independent Commissioner		                Friso Palilingan
      Komisaris Independen / Independent Commissioner		                Alexander S. Rusli




      DIREKSI / BOARD OF DIRECTORS

      Direktur Utama / President Director			Archied Noto Pradono
      Wakil Direktur Utama / Vice President Director			 Utama Gondokusumo
      Direktur / Director					Novita Anggriani
      Direktur / Director					Simon Joseph Wirawan




             Direktur Utama
            President Director
                                                                                                                        Sekretaris Perusahaan, Komunikasi
                                                                                     Legal Korporat & Ligitasi
         Archied Noto Pradono             Manajemen Modal & Investasi                                                           Perusahaan & CSR
                                                                                    Corporate Legal & Ligitation
                                         Capital Investment Management                                                    Corporate Secretary, Corporate
                                                                                         Fransiska Husada                     Communication & CSR
                                               Nathan Tanugraha
                                                                                      A. Happy Gunawarman
                                                                                                                                Theresia Rustandi




         Wakil Direktur Utama
         Vice President Director
                                          Manajemen Aset & Perizinan                   Pengembangan Usaha                 Peningkatan Mutu, Manajemen
         Utama Gondokusumo                Asset Management & Permit                    Business Development                       Risiko, Teknologi
                                                Antony Purnama                             Lee Boon Siew                    QCI, Risk Management, ICT
                                                Asriyanto Saleh                         Rizki Aulia Nasution                     Perry Yoranauw




                    Direktur
                    Director                                                       Keuangan, Akuntansi & Pajak,
                                             Sumber Daya Manusia
            Novita Anggriani                Corporate Human Capital                          Treasury
                                                                                Finance, Accounting & Tax, Treasury
                                             A. Denny Atmodjojo
                                            Anita Dwi Kurnia Widya                              Tientien
                                                                                              Jessy Tanizar




                    Direktur
                    Director
                                                  Manajemen Gedung & Kawasan, Klub Olahraga
         Simon Joseph Wirawan
                                                  Buildings & Estates Management, Sports Club
                                         Luthfi Aldi Siregar, Amaynta Budhiadi & Renny Mariska Lokosasmito




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                                                               KOMITE NOMINASI & REMUNERASI /
  KOMITE AUDIT / AUDIT COMMITTEE                               NOMINATION & REMUNERATION COMMITTEE

  Ketua / Chairman		          Alexander S. Rusli               Ketua / Chairman		                  Dr. Sofyan A. Djalil
  Anggota / Member		          Atik Susanto                     Anggota / Member		                  Sinarto Dharmawan
  Anggota / Member		          Fransiscus Alip                  Anggota / Member		                  A. Denny Atmodjojo




                                                                   Pimpinan Proyek
       Audit Internal                Pemasaran & Penjualan         Heads of Project                           Proyek Surabaya
       Internal Audit                  Marketing & Sales        Fransiska Tatik Yudianti                      Surabaya Project
      David Kurniawan                 Moedjianto S. Tjahjono       Ganesha Prabowo                              David Hosea
                                                                Trijas Hwe B. Hokgiarto




                                                                   Pimpinan Proyek
  Perencanaan & Pengadaan
                                            Penyewaan              Heads of Project
   Planning & Procurement
                                              Lease              Budiman Kurniawan
         Poppy Tan
                                          Susan Pranata         Chandra M. Makmoen
      Satrio Pembayun
                                                                   Wihardi Hosen




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DAFTAR KEANGGOTAAN ORGANISASI ATAU ASOSIASI
MEMBERS OF ORGANIZATION OR ASSOCIATION


                                      Organisasi                                                 Posisi
   No
                                     Organization                                               Position

                                                                     Pendiri Korporat
            Konsil Bangunan Hijau Indonesia                          Corporate Founder
    1
            Green Building Council of Indonesia                      Keanggotaan Perusahaan
                                                                     Corporate Member

            Kamar Dagang dan Industri Indonesia                      Keanggotaan Perusahaan
    2
            Indonesia of Chamber and Commerce and Industry (KADIN)   Corporate Member


            Real Estate Indonesia (REI)                              Keanggotaan Perusahaan
    3
            Indonesia Real Estate Assossiation                       Corporate Member

            Federasi Real Estat Internasional                        Keanggotaan Perusahaan
    4
            International Real Estate Federation (FIABCI)            Corporate Member

            Asosiasi Pengusaha Indonesia                             Keanggotaan Perusahaan
    5
            Indonesia Employers Associations                         Corporate Member

            Asosiasi Emiten Indonesia                                Keanggotaan Perusahaan
    6
            Indonesian Listed Companies Association                  Corporate Member

            Asosiasi Pengelola Pusat Belanja Indonesia               Keanggotaan Perusahaan
    7
            Indonesian Shopping Center Management Association        Corporate Member


            Asosiasi Pemilik Lapangan Golf Indonesia                 Keanggotaan Perusahaan
   10
            Indonesian Golf Course Owners Association                Corporate Member

            Asosiasi Manajer Lapangan Golf Indonesia                 Keanggotaan Perusahaan
    11
            Golf Club Manager Association of Indonesia               Corporate Member


            Himpunan Kawasan Industri Indonesia                      Keanggotaan Perusahaan
   12
            Indonesia Indutrial Estates Associations                 Corporate Member


            Asosiasi Real Estate Broker Indonesia                    Anggota Dewan Penasehat
   13
            Indonesia Real Estate Broker Association                 Member of Advisory Board


            Persatuan Perhimpunan Penghuni Rumah Susun Indonesia     Keanggotaan Perusahaan
   14
            Indonesian Flat Residents Association                    Corporate Member




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PROFIL DIREKSI
BOARD OF DIRECTORS PROFILE




                                                          Archied Noto Pradono
                                                            Direktur Utama
                                                            President Director

                                                          Warga Negara Indonesia
                                                          Indonesian Citizen
                                                          53 Tahun
                                                          53 Years Old

                                                          Domisili : Jakarta
                                                          Domicile : Jakarta




 Riwayat Pendidikan        1993 International Business dari Oregon State           1993 Degree in International Business from Oregon
 Educational Background    University, Amerika Serikat                             State University, USA

 Pengalaman Kerja          • 2025 – sekarang, Direktur Utama PT Intiland           • 2025 – present, President Director PT Intiland
 Professional Experience     Development Tbk                                         Development Tbk
                           • 2007 – 2025, Direktur PT Intiland Development         • 2007 – 2025, Director PT Intiland Development
                             Tbk                                                     Tbk
                           • 2003 – 2007, Treasury Senior Manager PT               • 2003 – 2007, Treasury Senior Manager PT
                             Dharmala Intiland Tbk                                   Dharmala Intiland Tbk
                           • 1999 – 2003, Direktur PT Sakura Sekuritas             • 1999 – 2003, Director PT Sakura Sekuritas
                           • 1994 – 1999, Treasury Manager PT Dharmala             • 1994 – 1999, Treasury Manager PT Dharmala
                             Intiland Tbk                                            Intiland Tbk

 Dasar Hukum               Akta No.68 tanggal 28 Mei 2025                          Deed No.68 dated May 28, 2025
 Basis of Appointment

 Periode Jabatan           Periode ke-5                                            Fifth Period
 Term of Office

 Masa Jabatan              2025 – 2030                                             2025 - 2030
 Tenure

 Rangkap Jabatan           Menjabat sebagai komisaris dan direktur di              Serving as commissioners and directors in several
 Concurrent Position       beberapa entitas anak perusahaan                        subsidiaries of Intiland

 Hubungan Afiliasi         Tidak ada hubungan afiliasi.                            No Affiliate relationship.
 Affiliate Relationship




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                                                             Utama Gondokusumo
                                                                 Wakil Direktur Utama
                                                                 Vice President Director

                                                             Warga Negara Indonesia
                                                             Indonesian Citizen
                                                             49 Tahun
                                                             49 Years Old

                                                             Domisili : Jakarta
                                                             Domicile : Jakarta




   Riwayat Pendidikan           2000 Sarjana teknik sipil dari Purdue University,     2000 Bachelor’s degree in civil engineering from
   Educational Background       Indiana, Amerika Serikat                              Purdue University, Indiana, USA

   Pengalaman Kerja             • 2018 – sekarang, Wakil Direktur Utama PT            • 2018 – present, Vice President Director PT
   Professional Experience        Intiland Development Tbk                              Intiland Development Tbk
                                • 2016 – 2018, Direktur PT Intiland Development       • 2016 – 2018, Director PT Intiland Development
                                  Tbk                                                   Tbk
                                • 2004, Direktur Leads Global Property                • 2004, Director Leads Global Property
                                • 2002, Bekerja untuk McCarthy Construction dan       • 2002, Working with McCarthy Construction and
                                  CCCS Planning and Engineering, San Fransisco,         CCCS Planning and Engineering, San Francisco,
                                  Amerika Serikat                                       USA

   Dasar Hukum                  Akta No.68 tanggal 28 Mei 2025                        Deed No.68 dated May 28, 2025
   Basis of Appointment

   Periode Jabatan              Periode ke-3                                          Third Period
   Term of Office

   Masa Jabatan                 2025 – 2030                                           2025 - 2030
   Tenure

   Rangkap Jabatan              • Menjabat sebagai komisaris dan direktur di          • Serving as commissioners and directors in
   Concurrent Position            beberapa entitas anak Perusahaan                      several subsidiaries of Intiland
                                • 2004 – sekarang Direktur PT Graha Adikarsa          • 2004 – present, Director PT Graha Adikarsa
                                • 2024 – sekarang, Direktur Leads Global Property     • 2004 – present, Director Leads Global Property

   Hubungan Afiliasi            Hubungan afiliasi dengan Pemegang Saham               Affiliate Relationship with the Major/Controlling
   Affiliate Relationship       Utama.                                                Shareholders.

                                (Alm. Bapak Hendro S. Gondokusumo)                    (The late Mr. Hendro S. Gondokusumo)




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                                                         Novita Anggriani
                                                            Direktur
                                                            Director

                                                         Warga Negara Indonesia
                                                         Indonesian Citizen
                                                         51 Tahun
                                                         51 Years Old

                                                         Domisili : Tangerang
                                                         Domicile : Tangerang




Riwayat Pendidikan        • 2005 Magister Bisnis bidang Perbankan dan             • 2005 Master of Business in Banking and
Educational Background      Keuangan, Monash University, Australia                  Finance, Monash University, Australia
                          • 1996 Sarjana Real Estate, Universitas                 • 1996 Bachelor of Real Estate, Tarumanegara
                            Tarumanegara, Jakarta                                   University, Jakarta

Pengalaman Kerja          • 2024 – sekarang, Direktur PT Intiland                 • 2024 – present, Director of PT Intiland
Professional Experience     Development Tbk                                         Development Tbk
                          • 2015 – 2024, General Manager PT Intiland              • 2015 – 2024, General Manager PT Intiland
                            Development Tbk                                         Development Tbk
                          • 2011 – 2015, Manajer Senior Jones Lang LaSalle        • 2011 – 2015, Senior Manager of Jones Lang
                            Indonesia                                               LaSalle Indonesia
                          • 2000 – 2003, Wakil Manajer Senior Badan               • 2000 – 2003, Deputy Senior Manager of
                            Penyehatan Perbankan Nasional                           National Banking Restructuring Agency
                          • 1996 – 2000, PT Colliers Jardine Indonesia            • 1996 – 2000, PT Colliers Jardine Indonesia

Dasar Hukum               Akta No.68 tanggal 28 Mei 2025                          Deed No.68 dated May 28, 2025
Basis of Appointment

Periode Jabatan           Periode ke-2                                            Second Period
Term of Office

Masa Jabatan              2025 – 2030                                             2025 - 2030
Tenure

Rangkap Jabatan           Menjabat sebagai direktur di beberapa entitas           Serving as directors in several subsidiaries of
Concurrent Position       anak perusahaan                                         Intiland

Hubungan Afiliasi         Tidak ada hubungan afiliasi.                            No Affiliate relationship.
Affiliate Relationship




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                                                            Simon Joseph Wirawan
                                                                 Direktur
                                                                 Director

                                                            Warga Negara Indonesia
                                                            Indonesian Citizen
                                                            59 Tahun
                                                            59 Years Old

                                                            Domisili : Surabaya
                                                            Domicile : Surabaya




   Riwayat Pendidikan           1991 Sarjana Teknik Elektro, Universitas Kristen     1991 Bachelor of Electronic Engineering, Kristen
   Educational Background       Satya Wacana, Salatiga                               Satya Wacana University, Salatiga

   Pengalaman Kerja             • 2025 – sekarang, Direktur PT Intiland              • 2025 – present, Director PT Intiland
   Professional Experience        Development Tbk                                      Development Tbk
                                • 2006 – 2015, General Manager PT Grande             • 2006 – 2015, General Manager PT Grande
                                  Family View                                          Family View
                                • 1999 – 2006, Manajer Teknologi Informasi PT        • 1999 – 2006, IT Manager PT Dharmala Intiland
                                  Dharmala Intiland Tbk                                Tbk
                                • 1997 – 1999, Asisten Manajer PT Sinar Puspa        • 1997 – 1999, Assistant Manager PT Sinar Puspa
                                  Persada                                              Persada
                                • 1994 – 1997, Staf Perencanaan PT Dharmala          • 1994 – 1997, Planning Staff, PT Dharmala
                                  Intiland Tbk                                         Intiland Tbk
                                • 1991 – 1994, Supervisor PT Harissma Agung Jaya     • 1991 – 1994, Supervisor PT Harissma Agung Jaya

   Dasar Hukum                  Akta No.68 tanggal 28 Mei 2025                       Deed No.68 dated May 28, 2025
   Basis of Appointment

   Periode Jabatan              Periode ke-1                                         First Period
   Term of Office

   Masa Jabatan                 2025 – 2030                                          2025 - 2030
   Tenure

   Rangkap Jabatan              Menjabat sebagai komisaris dan direktur di           Serving as commissioners and directors in several
   Concurrent Position          beberapa entitas anak perusahaan.                    subsidiaries of Intiland

   Hubungan Afiliasi            Hubungan afiliasi dengan Pemegang Saham              Affiliate Relationship with the Major/Controlling
   Affiliate Relationship       Utama.                                               Shareholders.

                                (Alm. Bapak Hendro S. Gondokusumo)                   (The late Mr. Hendro S. Gondokusumo)




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PROFIL DEWAN KOMISARIS
BOARD OF COMMISSIONERS PROFILE




                                                        Dr. Sofyan A. Djalil
                                                          Komisaris Utama dan Komisaris Independen
                                                          President Commissioner and Independent Commissioner

                                                        Warga Negara Indonesia
                                                        Indonesian Citizen
                                                        72 Tahun
                                                        72 Years Old

                                                        Domisili : Jakarta
                                                        Domicile : Jakarta




 Riwayat Pendidikan        • 1993 Ph.d Hukum dan Kebijakan Pasar Modal,          • 1993 PhD in Capital Market Law and Policy,
 Educational Background      Fletcher School of Law and Diplomacy, Tufts           Fletcher School of Law and Diplomacy, Tufts
                             University, USA                                       University, USA
                           • 1992 Master of Arts dalam Hukum dan                 • 1992 Master of Arts in Law and Diplomacy, Tufts
                             Diplomasi, Tufts University, USA                      University, USA
                           • 1989 Master of Arts dalam Kebijakan Publik,         • 1989 Master of Arts in Public Policy, Tufts
                             Tufts University, USA                                 University, USA
                           • 1984 Sarjana Hukum Universitas Indonesia            • 1984 Bachelor of Law, University of Indonesia

 Pengalaman Kerja          • 2025 – sekarang, Komisaris Utama dan                • 2025 – present, President Commissioner
 Professional Experience     Komisaris Independen PT Intiland Development          and Independent Commissioner PT Intiland
                             Tbk, Komisaris Utama dan Komisaris di                 Development Tbk, President Commissioner and
                             sejumlah perusahaan publik lainnya                    Commissioner at several public companies
                           • 2023 – 2025, Wakil Komisaris Utama dan              • 2023 – 2025, Vice President Commissioner
                             Komisaris Independen PT Intiland Development          and Independent Commissioner PT Intiland
                             Tbk.                                                  Development Tbk
                           • 2016 – 2022, Menteri Agraria dan Tata Ruang/        • 2016 – 2022, Minister of Agrarian Affairs and
                             Kepala Badan Pertanahan Nasional Republik             Spatial Planning/Head of the National Land
                             Indonesia                                             Agency of The Republic of Indonesia
                           • 2015    –    2016,    Menteri     Perencanaan       • 2015 – 2016, Minister of National Development
                             Pembangunan         Nasional/Kepala      Badan        Planning/Head of National Development
                             Perencanaan Pembangunan Nasional Republik             Planning Agency of The Republic of Indonesia
                             Indonesia
                           • 2014 – 2015, Menteri Koordinator Bidang             • 2014 – 2015, Coordinating Minister for the
                             Perekonomian Republik Indonesia                       Economic Affairs of the Republic of Indonesia
                           • 2010 – 2014, Ketua Tim Kajian Strategis Wakil       • 2010 – 2014, Chairman of the Strategic Study
                             Presiden Republik Indonesia                           Team Vice President of the Republic of Indonesia
                           • 2007 – 2009, Menteri Badan Usaha Milik Negara       • 2007 – 2009, Minister of State-Owned
                             Republik Indonesia                                    Enterprises of the Republic of Indonesia
                           • 2004 – 2007, Menteri Komunikasi dan                 • 2004 – 2007, Minister of Communication and
                             Informatika Republik Indonesia                        Informatics of the Republic of Indonesia
                           • 2000 – 2004, Konsultan Tata Kelola Perusahaan       • 2000 – 2004, Good Corporate Governance (GCG)
                             yang Baik dan penasihat di sejumlah perusahaan        Consultant and Advisor at several national
                             nasional dan multinasional. Komisaris Utama           and multinational companies.            President
                             atau komisaris di berbagai Perusahaan terbuka         Commissioner and Commissioner at several
                                                                                   public companies
                           • 1998 – 2000, Asisten Menteri Badan Usaha            • 1998 – 2000, Assistant to the Minister for State-
                             Milik Negara Republik Indonesia                       Owned Enterprises of the Republic of Indonesia
                           • 1998, Wakil Kepala Riset dan Pengembangan           • 1998, Vice President of Research and
                             Bursa Efek Jakarta                                    Development for the Jakarta Stock Exchange
                           • 1994 – 1998, Dosen di Universitas Indonesia dan     • 1994 – 1998, Lecturer at University of Indonesia
                             universitas lain                                      and other universities
                           • 1984 – 1995, Peneliti di Pusat Studi Kebijakan      • 1984 – 1995, Researcher/fellow at the Center for
                             dan Implementasi                                      Policy and Implementation Studies




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   Dasar Hukum                  Akta No.68 tanggal 28 Mei 2025                      Deed No.68 dated May 28, 2025
   Basis of Appointment

   Periode Jabatan              Periode ke-2                                        Second Period
   Term of Office

   Masa Jabatan                 2025 – 2030                                         2025 - 2030
   Tenure

   Rangkap Jabatan              • 2025 – sekarang, Ketua Komite Nominasi dan        • 2025 – present, Chairman of Nomination and
   Concurrent Position            Remunerasi Perseroan                                Remuneration Committee of the Company
                                • Komisaris Utama PT Indika Nature                  • President Commissioner at PT Indika Nature
                                • Komisaris Utama PT Pintar Group/Pasifik Satelit   • President Commissioner at PT Pintar Group/
                                  Nusantara                                           Pasifik Satelit Nusantara
                                • Komisaris Utama PT Citra Borneo Utama Tbk         • President Commissioner at PT Citra Borneo
                                                                                      Utama Tbk
                                • Komisaris PT Aneka Kimia Raya Tbk                 • Commissioner at PT Aneka Kimia Raya Tbk
                                • Komisaris Independen PT Austindo Nusantara        • Independent Commissioner at PT Austindo
                                  Jaya, Tbk                                           Nusantara Jaya, Tbk

   Pernyataan                   Telah diperbaharui pada tahun 2025.                 Renewed in 2025.
   Independensi
   Statement of
   Independence

   Hubungan Afiliasi            Tidak ada hubungan afiliasi.                        No Affiliate relationship.
   Affiliate Relationship




                                                                                                             The Rosebay, Surabaya




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                                                         Sinarto Dharmawan
                                                            Wakil Komisaris Utama
                                                            Vice President Commissioner

                                                         Warga Negara Indonesia
                                                         Indonesian Citizen
                                                         71 Tahun
                                                         71 Years Old

                                                         Domisili : Surabaya
                                                         Domicile : Surabaya




Riwayat Pendidikan        • 1988 Master of Business Administration dari           • 1988 Master of Business Administration from
Educational Background      IPMI Jakarta                                            IPMI, Jakarta
                          • 1980 Sarjana Teknik Sipil dari Universitas            • 1980 Bachelor’s degree in civil engineering from
                            Parahyangan, Bandung                                    Parahyangan University, Bandung

Pengalaman Kerja          • 2025 – sekarang, Wakil Komisaris Utama PT             • 2025 – present, Vice President Commissioner PT
Professional Experience     Intiland Development Tbk                                Intiland Development Tbk
                          • 2020 – 2025, Komisaris Utama PT Intiland              • 2020 – 2025, President Commissioner PT
                            Development Tbk                                         Intiland Development Tbk
                          • 2007 – 2020, Wakil Direktur Utama PT Intiland         • 2007 – 2020, Vice President Director PT Intiland
                            Development Tbk                                         Development Tbk
                          • 2004 – 2020, Direktur Utama PT Intiland Grande        • 2004 – 2020, President Director PT Intiland
                                                                                    Grande
                          • 2003 – 2007, Wakil Direktur Utama PT Dharmala         • 2003 – 2007, Vice President Director PT
                            Intiland Tbk                                            Dharmala Intiland Tbk
                          • 1998 – 2004, Direktur PT Intiland Grande              • 1998 – 2004, Director PT Intiland Grande
                          • 1993 – 1998, General Manager PT Dharmala              • 1993 – 1998, General Manager PT Dharmala
                            Land                                                    Land
                          • 1989 – 1992, Planning Manager PT Dharmala             • 1989 – 1992, Planning Manager PT Dharmala
                            Land                                                    Land
                          • 1987 – 1988, Sales dan Marketing Manager PT           • 1987 – 1988, Sales and Marketing Manager PT
                            Dharmala Land                                           Dharmala Land
                          • 1984 – 1986, Sales Supervisor PT Dharmala Land        • 1984 – 1986, Sales Supervisor PT Dharmala Land
                          • 1982 – 1983, Site Engineer PT Dharmala Land           • 1982 – 1983, Site Engineer PT Dharmala Land
                          • 1981 – 1982, Manajer Perencanaan PT Way               • 1981 – 1982, Planning Manager PT Way Halim
                            Halim Permai                                            Permai

Dasar Hukum               Akta No.68 tanggal 28 Mei 2025                          Deed No.68 dated May 28, 2025
Basis of Appointment

Periode Jabatan           Periode ke-2                                            Second Period
Term of Office

Masa Jabatan              2025 – 2030                                             2025 - 2030
Tenure

Rangkap Jabatan           • Menjabat sebagai komisaris di beberapa entitas        • Serving as commissioners in several subsidiaries
Concurrent Position         anak perusahaan                                         of the Company
                          • 2025 – sekarang, Anggota Komite Nominasi dan          • 2025 – present, Member of Nomination and
                            Remunerasi Perseroan                                    Remuneration Committee of the Company

Hubungan Afiliasi         Tidak ada hubungan afiliasi.                            No Affiliate relationship.
Affiliate Relationship




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                                                             Friso Palilingan
                                                                 Komisaris Independen
                                                                 Independent Commissioner

                                                             Warga Negara Indonesia
                                                             Indonesian Citizen
                                                             42 Tahun
                                                             42 Years Old

                                                             Domisili : Jakarta
                                                             Domicile : Jakarta




   Riwayat Pendidikan           • 2025 Sertifikasi Manajemen Risiko, Badan            • 2025 Certification in Risk Management, Risk
   Educational Background         Sertifikasi Manajemen Risiko                          Management Certification Body
                                • 2016 Certified Audit Committee Practitioner,        • 2016 Certified Audit Committee Practitioner,
                                  Ikatan Komite Audit Indonesia                         Indonesian Institute of Audit Committee
                                • 2013 Chartered Accountant (“CA”), IAI               • 2013 Chartered Accountant (“CA”), IAI
                                • 2011 Diploma International Financial Reporting,     • 2011 Diploma in International Financial
                                  Iverson School of Business                            Reporting, Iverson School of Business
                                • 2008 Certified Public Accountant (“CPA”), IAI       • 2008 Certified Public Accountant (“CPA”), IAI
                                • 2008 Magister Akuntansi, Kwik Kian Gie School       • 2008 Master’s degree in Accounting, Kwik Kian
                                  of Business                                           Gie School of Business
                                • 2006 Pendidikan Profesi Akuntansi, Kwik Kian        • 2006 Accounting Professional Education, Kwik
                                  Gie School of Business                                Kian Gie School of Business
                                • 2005 Sarjana Ekonomi Akuntansi, Kwik Kian Gie       • 2005 Bachelor of Economics Degree in
                                  School of Business                                    Accounting, Kwik Kian Gie School of Business

   Pengalaman Kerja             • 2023 – 2025, Komisaris PT Mitra Ananda              • 2023 – 2025, Commissioner PT Mitra Ananda
   Professional Experience        Megadistrindo                                         Megadistrindo
                                • 2023 – 2025, Komite Audit PT BNI Sekuritas          • 2023 – 2025, Audit Committee of PT BNI
                                                                                        Sekuritas
                                • 2022 – 2024, Komite Audit PT Provident Investasi    • 2022 – 2024, Audit Committee of PT Provident
                                  Bersama Tbk                                           Investasi Bersama Tbk
                                • 2021 – 2024, Komite Audit PT Cisarua Mountain       • 2021 – 2024, Audit Committee of PT Cisarua
                                  Dairy Tbk                                             Mountain Dairy Tbk
                                • 2013 – sekarang, Komisaris Independen PT            • 2013 – present, Independent Commissioner of
                                  Intiland Development Tbk                              PT Intiland Development Tbk
                                • 2019 – 2025, Komite Audit PT Asahimas Flat          • 2019 – 2025, Audit Committee of PT Asahimas
                                  Glass Tbk                                             Flat Glass Tbk
                                • 2017 – 2020, Komite Audit PT Medikaloka             • 2017 – 2020, Audit Committee PT Medikaloka
                                  Hermina Tbk                                           Hermina Tbk
                                • 2013 – 2025, Komite Audit PT Intiland               • 2013 – 2025, Audit Committee PT Intiland
                                  Development Tbk                                       Development Tbk
                                • 2016 – 2020, Komite Audit PT Duta Intidaya Tbk      • 2016 – 2020, Audit Committee PT Duta Intidaya
                                                                                        Tbk
                                • 2014 – 2020, Anggota Dewan Standar Akuntansi        • 2014 – 2020, Member of the Financial
                                  Keuangan Ikatan Akuntan Indonesia                     Accounting Standards Board of the Indonesian
                                                                                        Institute of Accountants (“IAI”)
                                • 2008 – 2013, Partner KAP Tanubrata Sutanto          • 2008 – 2013, Partner KAP Tanubrata Sutanto
                                  Fahmi & Rekan (anggota BDO International              Fahmi & Partners (member of BDO International
                                  Limited)                                              Limited)
                                • 2004 – 2008, Supervisor KAP Abubakar Usman          • 2004 – 2008, Supervisor KAP Abubakar Usman
                                  & Rekan (Anggota GMN International)                   & Partners (Member of GMN International)

   Dasar Hukum                  Akta No.68 tanggal 28 Mei 2025                        Deed No.68 dated May 28, 2025
   Basis of Appointment

   Periode Jabatan              Periode ke-2                                          Second Period
   Term of Office




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Masa Jabatan              2025 – 2030                                        2025 - 2030
Tenure

Rangkap Jabatan           • 2024 – sekarang, Anggota Komite Audit PT         • 2024 – present, Member of Audit Committee of
Concurrent Position         Profesional Telekomunikasi Indonesia               PT Profesional Telekomunikasi Indonesia
                          • 2020 – sekarang, Komisaris PT Kiat Ananda Cold   • 2020 – present, Commissioner of PT Kiat
                            Storage                                            Ananda Cold Storage
                          • 2020 – sekarang, Komisaris PT Manggala Kiat      • 2020 – present, Commissioner PT Manggala
                            Ananda                                             Kiat Ananda
                          • 2020 – sekarang, Komisaris PT Ananda             • 2020 – present, Commissioner PT Ananda
                            Solusindo                                          Solusindo
                          • 2015 – sekarang, Komite Audit PT BFI Finance     • 2015 – present, Audit Committee PT BFI Finance
                            Indonesia Tbk                                      Indonesia Tbk
                          • 2013 – sekarang, Senior Partner KAP Paul         • 2013 – present, Senior Partner KAP Paul
                            Hadiwinata, Hidajat, Arsono, Retno, Palilingan     Hadiwinata, Hidajat, Arsono, Retno, Palilingan
                            & Rekan (anggota PKF International Limited)        & Rekan (Member of PKF International Limited)

Pernyataan                Telah diperbaharui pada tahun 2025.                Renewed in 2025.
Independensi
Statement of
Independence

Hubungan Afiliasi         Tidak ada hubungan afiliasi.                       No Affiliate relationship.
Affiliate Relationship




                                                                                                          Sumatra36, Surabaya




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                                                              Alexander S. Rusli
                                                                 Komisaris Independen
                                                                 Independent Commissioner

                                                              Warga Negara Indonesia
                                                              Indonesian Citizen
                                                              54 Tahun
                                                              54 Years Old

                                                              Domisili : Jakarta
                                                              Domicile : Jakarta




   Riwayat Pendidikan           • 2000 Doktor Filsafat bidang Sistem Informasi,        • 2000 Doctor of Philosophy (Ph.D) in Information
   Educational Background         Curtin University of Technology, Perth, Australia      System, Curtin University of Technology, Perth,
                                                                                         Australia
                                • 1993 Sarjana Perdagangan bidang Sistem               • 1993 Bachelor of Commerce (Hons) in
                                  Informasi, Curtin University of Technology,            Information System, Curtin University of
                                  Perth, Australia                                       Technology, Perth, Australia
                                • 1992 Sarjana Bisnis bidang Sistem Informasi,         • 1992 Bachelor of Business in Information
                                  Curtin University of Technology, Perth, Australia      System, Curtin University of Technology, Perth,
                                                                                         Australia

   Pengalaman Kerja             • 2025 – sekarang, Komisaris Indepeden PT              • 2025 – 2025, Independent Commissioner of PT
   Professional Experience        Intiland Development Tbk                               Intiland Development Tbk
                                • 2020 – 2025, Komisaris Independen PT Link Net        • 2022 -2025, Independent Commissioner PT Link
                                  Tbk                                                    Net Tbk
                                • 2019 – 2025, Staf Ahli Menteri Keuangan untuk        • 2019 – 2025, Special Advisor for National
                                  Sistem Perpajakan Nasional Kementerian                 Taxation System to Finance Minister of the
                                  Keuangan Republik Indonesia                            Finance Ministry of Republic of Indonesia
                                • 2019 – 2022, Komisaris PT Solusi Sinergi Digital     • 2019 – 2022, Commissioner PT Solusi Sinergi
                                                                                         Digital
                                • 2018 – 2020, Chairman iFlix Indonesia                • 2018 – 2020, Chairman iFlix Indonesia
                                • 2018 – 2019, Komisaris Independen PT Sarana          • 2018 – 2019, Independent Commissioner PT
                                  Menara Nusantara Tbk                                   Sarana Menara Nusantara Tbk
                                • 2012 – 2017, Presiden Direktur PT Indosat Tbk        • 2012 – 2017, President Director PT Indosat Tbk
                                • 2011 – 2013, Komisaris Independen PT Asuransi        • 2011 – 2013, Independent Commissioner PT
                                  Tugu Pratama Indonesia Tbk                             Asuransi Tugu Pratama Indonesia Tbk
                                • 2010 – 2012, Komisaris Independen PT Indosat         • 2010 – 2012, Independent Commissioner PT
                                  Tbk                                                    Indosat Tbk
                                • 2009 – 2012, Managing Director PT Northstar          • 2009 – 2012, Managing Director PT Northstar
                                  Pacific Capital                                        Pacific Digital
                                • 2007 – 2009, Presiden Komisaris PT Geodipa           • 2007 – 2009, President Commissioner PT
                                  Energi                                                 Geodipa Energi
                                • 2007 – 2009, Komisaris PT Kertas Kraft Aceh          • 2007–2009, Commissioner of PT Kertas Kraft
                                                                                         Aceh
                                • 2007 – 2009, Komisaris PT Krakatau Steel Tbk         • 2007–2009, Commissioner of PT Krakatau Steel
                                                                                         Tbk
                                • 2007 – 2009, Staf Ahli Kementerian Badan             • 2007–2009, Special Advisor to the Minister of
                                  Usaha Milik Negara (BUMN) Republik Indonesia           Ministry of State-Owned Enterprises Republic
                                                                                         of Indonesia
                                • 2001–2007, Staf Ahli Kementerian Komunikasi          • 2001–2007, Special Advisor to Minister of
                                  dan Informatika Republik Indonesia                     Ministry of Communication and Informatics
                                                                                         Republic of Indonesia
                                • 1997–2001,        Konsultan            Senior        • 1997     –    2001   Senior     Consultant     of
                                  PricewaterhouseCoopers Consulting Asia Pacific         PricewaterhouseCoopers Consulting Asia Pacific

   Dasar Hukum                  Akta No.68 tanggal 28 Mei 2025                         Deed No.68 dated May 28, 2025
   Basis of Appointment




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Periode Jabatan           Periode ke-1                                        First Period
Term of Office

Masa Jabatan              2025 – 2030                                         2025 - 2030
Tenure

Rangkap Jabatan           • 2025 – sekarang, Ketua Komite Audit PT Intiland   •    2025 – present, Chairman of Audit Committee
Concurrent Position         Development Tbk                                       PT Intiland Development Tbk
                          • 2024 – sekarang, Country Head PT ARES             •   2024 – present, Country Head PT ARES
                            Management Asia Indonesia (ARES Private               Management Asia Indonesia (ARES Private
                            Equity)                                               Equity)
                          • 2022 – sekarang, Advisor PT WIR Asia Tbk          •   2022 – present, Advisor PT WIR Asia Tbk
                          • 2022 – sekarang, Advisor PT Inclusive Finance     •   2022 – present, Advisor PT Inclusive Finance
                            Group (“Danacita”)                                    Group (“Danacita”)
                          • 2022 – sekarang, Komisaris PT Sumitomo            •   2022 – present, Commissioner PT Sumitomo
                            Indonesia                                             Indonesia
                          • 2021 – sekarang, Komisaris Independen PT          •   2021 – present, Independent Commissioner PT
                            Cisarua Mountain Dairy Tbk                            Cisarua Mountain Dairy Tbk
                          • 2021 – sekarang, Komisaris Independen PT          •   2021 – present, Independent Commissioner PT
                            Multipolar Tbk                                        Multipolar Tbk
                          • 2018, Co-founder PT Digi Asia Bios                •   2018, Co-founder PT Digi Asia Bios
                          • 2018 – sekarang, Komisaris Independen PT          •   2018 – present, Independent Commissioner PT
                            Unilever Indonesia Tbk                                Unilever Indonesia Tbk
                          • 2018 – sekarang, Komisaris Independen PT          •   2018 – present, Independent Commissioner PT
                            Medikaloka Hermina Tbk                                Medikaloka Hermina Tbk
                          • 2014 – sekarang, Chairman WWF Indonesia           •   2014 – present, Chairman WWF Indonesia
                            Foundation                                            Foundation

Pernyataan                Telah menyatakan independensi tahun 2025.           Have declared independence in 2025.
Independensi
Statement of
Independence

Hubungan Afiliasi         Tidak ada hubungan afiliasi.                        No Affiliate relationship.
Affiliate Relationship




                                                                                                             Brezza, Jakarta




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HUBUNGAN AFILIASI ANTARA DEWAN KOMISARIS,
DIREKSI DAN PEMEGANG SAHAM UTAMA/PENGENDALI
AFFILIATE RELATIONS BETWEEN BOARD OF COMMISSIONERS, DIRECTORS, AND
MAJORITY/CONTROLLING SHAREHOLDERS


                                                                       Dewan Komisaris                                                                                        Direksi
                                                                    Board of Commissioners                                                                                   Directors




                                                                                                                                                                                                            Simon Joseph Wirawan
                                                                                                                                                              Utama Gondokusumo
                                                                                                                                       Archied Noto Pradono
                                                                        Sinarto Dharmawan
                                             Dr. Sofyan A. Djalil




                                                                                                                  Alexander S. Rusli




                                                                                                                                                                                         Novita Anggriani
                    Dr. Sofyan A. Djalil                                    -                  Friso Palilingan
                                                                                                  -                   -                    -                      -                         -                   -
   Commissioners
     Komisaris
     Board of
      Dewan




                    Sinarto Dharmawan            -                                                -                   -                    -                      -                         -                   -

                    Friso Palilingan             -                          -                                         -                    -                      -                         -                   -

                    Alexander S. Rusli            -                         -                      -                                        -                     -                          -                   -
                    Archied Noto Pradono         -                          -                     -                   -                                           -                         -                   -
       Directors
        Direksi




                    Utama Gondokusumo            -                          -                     -                   -                    -                                                -                   -
                    Novita Anggriani             -                          -                     -                   -                    -                      -                                             -
                    Simon Joseph Wirawan          -                         -                      -                  -                     -                     -
 Hubungan Afiliasi dengan
 Pemegang Saham Utama/
 Pengendali                                       -                         -                      -                  -                     -                                               -              
 Affiliate Relationship with the Major/
 Controlling Shareholders



Pernyataan Independensi Komisaris                                                           Independence Statement of Independent
Independen                                                                                  Commissioner
Perseroan memiliki sebanyak 3 (tiga) Komisaris Independen                                   The Company has three (3) Independent Commissioners,
dan telah memenuhi syarat ketentuan yang tertuang                                           complying with the regulatory requirement of 30%. Of
di dalam peraturan, yakni sebanyak 30%. Dari ketiga                                         these three Independent Commissioners, 2 (two) serve in
Komisaris Independen tersebut, terdapat 2 (dua) Komisaris                                   the second period, and 1 (one) serves in the first period. Each
Independen yang menjabat pada periode ke-2 (kedua) dan                                      Independent Commissioner has declared their independent
1 (satu) Komisaris Independen yang menjabat di periode                                      statement in performing their duties and in all decisions
ke-1 (kesatu). Setiap anggota Komisaris Independen telah                                    made during their tenure.
menyatakan status independensinya dalam menjalankan
tugas dan atas seluruh keputusan yang dibuat selama
periode menjabat.




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Bapak Dr. Sofyan A. Djalil, Bapak Friso Palilingan, dan Bapak   Mr. Dr. Sofyan A. Djalil, Mr. Friso Palilingan, and Mr. Alexander
Alexander S. Rusli diangkat sebagai Komisaris Independen        S. Rusli have been appointed as Independent Commissioners
Perseroan berdasarkan Akta No.68 tertanggal 28 Mei 2025 dan     of the Company based on Deed No.68 dated May 28, 2025,
secara resmi telah menyatakan independensinya. Pernyataan       and have officially declared their independence. This
independensi disahkan melalui penandatanganan Surat             declaration of independence was formalized through the
Pernyataan Independen yang merupakan bentuk kepatuhan           signing of the Independence Statement, which reflects the
Perseroan dalam mematuhi Peraturan Otoritas Jasa                Company's compliance with the Financial Services Authority
Keuangan No. 33/POJK.04/2014 mengenai Direksi dan               Regulation No. 33/POJK.04/2014 on the Board of Directors
Dewan Komisaris Emiten atau Perusahaan Publik.                  and Board of Commissioners of Issuers or Public Companies.

Perubahan Komposisi Dewan Komisaris dan/                        Changes of Board of Commissioners and/or
atau Direksi                                                    Board of Directors Compositions
Berdasarkan keputusan RUPS Tahunan yang diselenggarakan         According to the resolutions of AGMS which held on 28 May
tanggal 28 Mei 2025, terdapat perubahan susunan Direksi         2025, the Company adjusted the composition of its Board
dan Dewan Komisaris Perseroan seiring dengan berakhirnya        of Directors and Board of Commissioners following the
periode masa jabatan Direksi dan Dewan Komisaris di             expiration of their respective terms of office in 2025. The
tahun 2025. RUPS Tahunan menyetujui perubahan susunan           AGMS approved the changes in the composition of Board
anggota Direksi dengan menetapkan Bapak Archied                 of Directors by appointment Mr. Archied Noto Pradono
Noto Pradono sebagai Direktur Utama, Bapak Utama                as President Director, Mr. Utama Gondokusumo as Vice
Gondokusumo sebagai Wakil Direktur Utama, Ibu Novita            President Director, Mrs. Novita Anggriani as Director, and
Anggriani sebagai Direktur, serta mengangkat Bapak Simon        Mr. Simon Joseph Wirawan as a new member of the Board
Joseph Wirawan ke dalam jajaran anggota Direksi baru.           of Directors.


Keputusan RUPS Tahunan turut menetapkan Bapak Dr.               The AGMS also approved the appointment of Mr. Dr. Sofyan
Sofyan A. Djalil sebagai Komisaris Utama dan Komisaris          A. Djalil as President Commissioner and Independent
Independen, Bapak Sinarto Dharmawan sebagai Wakil               Commissioner, Mr. Sinarto Dharmawan as Vice President
Komisaris Utama, Bapak Friso Palilingan sebagai Komisaris       Commissioner,     Mr.   Friso   Palilingan    as   Independent
Independen dan Bapak Alexander S. Rusli sebagai Komisaris       Commissioner and Mr. Alexander S. Rusli as Independent
Independen.                                                     Commissioner.


Keputusan perubahan susunan Direksi dan Dewan                   The changes in the composition of the Board of Directors
Komisaris ini telah dituangkan ke dalam Akta No.68              and Board of Commissioners were formalized in Deed No.68
tertanggal 28 Mei 2025.                                         dated May 28, 2025.




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SUMBER DAYA MANUSIA
HUMAN RESOURCES

Sumber Daya Manusia (SDM) merepresentasikan salah                 Human Resources (HR) represent one of the most
satu faktor paling fundamental bagi Perseroan dalam               fundamental factors for the Company in achieving
mencapai keberhasilan kinerja dan menjamin keberlanjutan          performance excellence and ensuring long-term operational
operasional secara jangka panjang. Perseroan memandang            sustainability. The Company perceives HR as playing a
SDM memainkan peran strategis dan krusial dalam                   strategic and pivotal role in accelerating organizational
mengakselerasi transformasi organisasi serta menciptakan          transformation and establishing a competitive advantage
keunggulan          kompetitif   di   industri.   Upaya   untuk   within the industry. Consequently, initiatives to enhance
meningkatkan mutu produk dan kualitas layanan senantiasa          product quality and service excellence are consistently
berakar pada pengelolaan kompetensi SDM yang efektif dan          rooted in the effective and structured management of
terstruktur.                                                      human competencies.


Intiland berkomitmen untuk meningkatkan kapabilitas               Intiland committed to the continuous enhancement of
talenta-talenta perusahaan secara berkelanjutan guna              talent capabilities to align individual aspirations with
menyelaraskan aspirasi individu dengan tujuan strategis           the Company’s strategic objectives. This commitment is
perusahaan. Perseroan mengimplementasikan kebijakan               manifested through simultaneous and comprehensive
ini melalui program-program pengembangan SDM yang                 HR development programs. Commencing with a rigorous
simultan dan komprehensif. Dimulai dari proses seleksi            selection and recruitment process to secure the right talent,
dan rekrutmen untuk memastikan mendapatkan talenta                the Company further implements orientation programs, the
yang tepat, Perseroan juga menjalankan program orientasi,         internalization of corporate culture and values, performance
internalisasi budaya dan nilai perusahaan, penilaian kinerja,     appraisals, competitive remuneration schemes, as well as
pemberian remunerasi, serta pelaksanaan pelatihan dan             the provision of professional training and challenging career
jalur karier yang menantang. Pelatihan dan pengembangan           trajectories. These training and development initiatives
karier bertujuan menyiapkan pemimpin-pemimpin masa                are designed to cultivate future leaders through adaptive
depan melalui inisiatif pembelajaran yang adaptif terhadap        learning mechanisms that respond to market dynamics.
dinamika pasar.


Hingga 31 Desember 2025, Perseroan mencatat memiliki              As of 31 December 2025, the Company recorded a total of 1,163
1.163 karyawan, menurun dibandingkan jumlah karyawan              employees, a decrease compared to the headcount of 1,224 in
tahun 2024 sebanyak 1.224 orang. Perseroan berpandangan           2024. The Company considers the employee turnover rate to
tingkat turn-over karyawan masih cukup stabil sehingga            remain relatively stable, reflecting efficient HR management
mencerminkan efisiensi pengelolaan SDM di tengah                  amidst increasingly dynamic business challenges.
tantangan bisnis yang makin dinamis.

Jumlah Karyawan Berdasarkan Kategori
Total Employees Based on Categories

                                                                                2025              2024             2023
 Tingkat Jabatan
 Job Level
 Direktur Proyek / Unit Bisnis
                                                                                         5                 9                   8
 Project/Business Unit Directors
 Manajer Umum & Wakil Manajer Umum
                                                                                        26                26                31
 General Manager & Deputy General Manager
 Manajer & Asisten Manajer
                                                                                       119               138              144
 Manager & Assistant Manager
 Pengawas
                                                                                       220               229              235
 Supervisor



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                                                                                        2025                2024               2023
 Staf
                                                                                                353                 371                  371
 Staff
 Non-Staf
                                                                                               440                  451                 499
 Non-Staff
 Jumlah
                                                                                               1.163               1.224              1.288
 Total

 Tingkat Pendidikan
 Education

 Doktoral (S3) dan Pascasarjana (S2)
                                                                                                 28                  28                   28
 Doctorate (S3) and Master Degree
 Sarjana (S1)
                                                                                                572                 604                  632
 Bachelor Degree
 Diploma 3 (D3)
                                                                                                 43                  49                   46
 Associate Degree
 SMA ke bawah
                                                                                                520                 543                  582
 Highschool and below

 Status Kepegawaian
 Employment Status

 Tetap
                                                                                               894                  932                 987
 Permanent
 Kontrak
                                                                                               269                  292                  310
 Contract
 Lokasi Kerja
 Work Location
 Jakarta dan sekitarnya
                                                                                                475                 516                  542
 Jakarta & surrounding areas
 Surabaya dan sekitarnya
                                                                                               688                  708                  746
 Surabaya & surrounding areas

 Usia
 Ages

 <30                                                                                            133                 146                  166
 30 – 50                                                                                        779                 822                 865
 >50                                                                                            251                 256                  257
 Jenis Kelamin
 Gender
 Pria
                                                                                                855
 Male                                                                                                              902*                 948
 Wanita
                                                                                               308
 Female                                                                                                            322*                 340
 Jumlah
                                                                                               1.163               1.224               1.288
 Total

* Penyajian kembali perbaikan data jumlah karyawan / Restatement due to data revision on the total employees.


Sekilas Pengembangan Kompetensi                                         Competency Development at a Glance
Sebagai aset terpenting bagi Perseroan, sumber daya                     As the most important asset for the Company, human
manusia (SDM) memiliki peran strategis dalam upaya                      resources play a crucial role in realizing the vision, mission,
mewujudkan visi, misi, dan tujuan pertumbuhan usaha                     and long-term business growth objectives. The Company is
jangka       panjang.   Perusahaan      berkomitmen        dalam        committed to focusing on developing outstanding human
mengembangkan SDM yang unggul melalui serangkaian                       resources through a series of sustainable development
program pengembangan secara berkelanjutan.                              programs.


Investasi dalam pengembangan mutu SDM memiliki nilai                    Investing in human resources development has strategic
strategis dan mampu memberikan keuntungan secara jangka                 value and can provide long-term benefits. Human resources



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panjang. Pengembangan SDM merupakan fondasi paling                         development is the most fundamental foundation for
mendasar untuk mencapai kesuksesan dan memastikan                          achieving success and ensuring the Company’s future.
masa depan Perusahaan. Bersama tim yang terampil,                          With a skilled, competent, and highly committed team, the
kompeten, dan memiliki komitmen yang kuat, Perseroan                       Company is ready to face challenges and achieve success in
siap menghadapi tantangan dan meraih keberhasilan dalam                    various business initiatives.
berbagai inisiatif bisnis.

Strategi Pengembangan 2025                                                 Development Strategy in 2025
Perusahaan             berkomitmen            menjadikan       program     The Company is committed to making competency
pengembangan kompetensi sebagai langkah strategis                          development program an important step in creating
dalam rangka menciptakan SDM unggul inovatif dan siap                      outstanding, innovative human resources that are ready
menghadapi setiap tantangan. Perseroan menjalankan                         to face any challenges. The Company conducts career
pengembangan karier dengan metode penilaian yang                           development through objective and measurable assessment
objektif dan terukur, dimulai dari pemetaan tanggung                       methods, starting from responsibility mapping, determining
jawab, penentuan indikator kinerja utama, target, hingga                   key performance indicators, setting targets, and developing
pengembangan talenta yang menghasilkan pemimpin masa                       talents to produce future leaders.
depan.


Perseroan            merumuskan          enam     strategi     prioritas   The Company has formulated six priority strategies on
pengembangan SDM yang menjadi fokus utama di tahun                         human resources development as its main focus in 2025.
2025. Strategi peningkatan kompetensi SDM meliputi: 1)                     These strategies for improving human resource competencies
Pengembangan pemimpin dan manajer; 2) pengembangan                         include: 1) leadership and manager development; 2) culture
budaya dan nilai perusahaan; 3) pengembangan sistem                        and company values development; 3) human capital
human capital; 4) perencanaan suksesi; 5; perbaikan                        management system; 4) succession plan; 5) organization
struktur organisasi; dan 6) keterlibatan karyawan. Strategi                improvement; and 6) employee engagement. These key
utama diturunkan ke dalam program-program kegiatan                         strategies are translated into simultaneous programs that
yang dilaksanakan secara simultan serta mendapatkan                        actively involve employee participation. The programs are
partisipasi aktif dari karyawan. Program-program ini antara                implemented through the Individual Development Program,
lain diwujudkan melalui program pengembangan individu,                     competency assessments, talent development, and various
pengukuran kompetensi, pengembangan talenta, dan                           training and innovation of competency initiatives.
berbagai pelatihan dan kompetensi inovasi.


Pengembangan SDM juga disesuaikan dengan prioritas                         The development of human resources is also aligned with
kebutuhan dan nilai-nilai perusahaan. Di tahun 2025                        the Company's priority needs and the Company values.
Perseroan menetapkan “Hormat” sebagai tema utama                           “Respect” has been chosen as the main theme for human
pengembangan SDM. Selain itu, program internalisasi                        resources development in 2025. Besides, the internalization
karyawan juga terus diselenggarakan antara lain mengenai                   programs for employees have been conducted regularly,
tujuan dan strategi prioritas, nilai-nilai perusahaan, serta               covering topics such as the Company's goals and priority
aspek pengetahuan dan tata kelola. Internalisasi nilai                     strategies, company values, and governance aspects.
perusahaan ini ditanamkan kepada seluruh karyawan                          The internalization of company values is instilled in all
agar dapat menjadi pribadi terpercaya yang diandalkan,                     employees to cultivate reliable individuals who demonstrate
konsisten,          berintegritas,      dan    berkomitmen      kepada     consistency, integrity, and strong commitment to both the
Perusahaan maupun pemangku kepentingan.                                    Company and its stakeholders.


Perseroan           secara    berkala    mendistribusikan      e-buletin   The Company regularly distributes e-bulletin called “Newton”
“Newton” sebagai media informasi mengenai perkembangan                     as a source of information about the development and
dan pencapaian penting untuk memperkaya pengetahuan                        achievement of the Company to enrich insights and increase
dan meningkatkan keterlibatan karyawan. Upaya penting                      employee engagement. Another crucial effort is conducting
lainnya       yakni          menyelenggarakan      pelatihan     secara    online training through module of Global Learning and




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daring melalui modul “Global Learning and Development              Development Information System (GLADIS) and providing
Information System (GLADIS), serta menyediakan Learning            Learning Corner as well as internal training program.
Corner dan pelatihan internal.


Pada   tahun     2025,    Intiland   menyelenggarakan       dan    In 2025, Intiland organized and participated in 343 training
mengikuti sebanyak 343 jenis pelatihan yang keseluruhan            sessions with a total of 9,011 training hours. These training
mencapai    9.011   jam    pelatihan.   Rangkaian     program      programs had different focuses, including improving
pelatihan tersebut memiliki fokus yang beragam, seperti            technical competencies, expertise and skills, leadership,
aspek peningkatan kompetensi teknis, keahlian dan                  as well as company values and work culture. The Company
ketrampilan,    kepemimpinan,        hingga   nilai-nilai   dan    also consistently reviews and improves Employee Value
budaya kerja. Perseroan juga masih konsisten mereviu dan           Proposition, conduct employee development programs, and
meningkatkan employee value proposition, menjalankan               other activities which involve employees. Participation of the
program pengembangan karyawan, serta aktivitas-aktivitas           leaders in employee and industrial relations also become the
yang melibatkan karyawan. Keterlibatan pimpinan dalam              focus of human resources development in 2025.
hubungan karyawan dan Industrial turut menjadi fokus
pengembangan SDM yang dijalankan di tahun 2025.

Peningkatan Berkelanjutan                                          Continuous Improvement
Perseroan   memberi       kesempatan    seluas-luasnya      bagi   The Company provides extensive opportunities for employees
karyawan untuk mengaktualisasikan ide, gagasan dan                 to actualize ideas, concepts, and innovation that benefit
inovasi yang bermanfaat bagi kemajuan perusahaan dan               the Company’s progress as well as individual development.
perkembangan individu. Komitmen ini dibangun dari                  This commitment built from the realization that gaining
kesadaran bahwa mendapatkan kesempatan, apresiasi,                 opportunity, appreciation, and acknowledgement of ideas,
dan pengakuan atas ide, gagasan, dan inovasi menjadi               concepts, and innovations become important factors for the
faktor penting bagi karyawan. Perseroan menyelenggarakan           employees. The Company held Continuous Improvement
Continuous Improvement Awards, sebuah ajang kompetisi              Awards, an annual innovation competition. The innovative
inovasi yang diselenggarakan setiap tahun. Ide inovasi yang        ideas submitted for this event fall into two categories, 1)
diikutsertakan pada kegiatan ini dapat berupa 1) Small             Small Group Activity, which are complex program involving
Group Activity yakni program yang bersifat kompleks dan            several divisions, and 2) Just Do It, for simpler programs.
melibatkan beberapa divisi, dan 2) Just Do It, untuk program
yang lebih sederhana.


Melalui ajang penghargaan inovasi ini, Perseroan mendorong         Through this innovation award, the Company encourages
kolaborasi dan kreativitas tim dan juga memperkuat fondasi         collaboration and creativity of the team while strengthening
SDM yang tangguh dan adaptif terhadap tantangan dan                the foundation of resilient and adaptive human resources
dinamika di masa depan. Pada 2025, tercatat ada sebanyak           towards future challenges and dynamics. In 2025, the
62 ide inovasi yang dikompetisikan, berasal dari sejumlah          record shows that there are 62 innovation ideas submitted
divisi dan proyek. Dari jumlah tersebut terpilih 10 ide inovasi    for the competition and it came from several divisions and
terbaik yang meliputi aspek manajemen gedung, pengolahan           projects. From those numbers, the 10 best innovative ideas
limbah, pemanfaatan kecerdasan buatan untuk pemasaran,             were selected, covering areas such as building management,
teknologi informasi, hingga pengadaan. Ide inovasi dari para       waste processing, utilization of artificial intelligence for
finalis kompetisi ini telah dikembangkan menjadi standar           marketing, information technology, and procurement. The
baru bagi prosedur dan instruksi kerja perusahaan.                 innovative ideas from the competition finalist have been
                                                                   developed into new standards for the Company’s procedure
                                                                   and work instructions.


Informasi lebih lengkap dan mendetail mengenai strategi            For more detailed and complete information regarding the
pengembangan SDM dibahas pada Laporan Keberlanjutan                human resource development strategy, please refer to the
Perseroan tahun 2025.                                              Company's 2025 Sustainability Report.




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INFORMASI PEMEGANG SAHAM
INFORMATION OF SHAREHOLDERS


Komposisi Kepemilikan Saham 5% atau Lebih
Share Ownerships Composition of 5% or Above

                                                                               1 Januari 2025                    31 Desember 2025
                           Pemegang Saham                                     January 1, 2025                    December 31, 2025
                             Shareholders                               Jumlah Saham                         Jumlah Saham
                                                                                                (%)                                  (%)
                                                                         Total Shares                         Total Shares
 CGS International Securities Singapore Pte Ltd*                             1.561.949.900        15,07           1.556.900.100       15,02
 PT CGS International Sekuritas Indonesia                                    1.500.000.163        14,47           1.505.252.463       14,52
 PT Bina Yatra Sentosa                                                        1.172.738.675       11,31           1.168.804.675        11,28
 Bali Private Villa(s) Pte Ltd                                                  775.911.150       7,49               775.911.150       7,49
 Drs. Lo Kheng Hong                                                           686.416.700         6,62             695.069.100          6,71
 Masyarakat                                                                  4.668.837.597       45,04            4.663.916.697       44,99
 Public
 Jumlah modal ditempatkan
                                                                            10.365.854.185         100            10.365.854.185        100
 Total issued capital

* Kepemilikan saham CGS International Securities Singapore Pte Ltd sebesar 14,96% dimiliki oleh Alm. Hendro S. Gondokusumo, sedangkan
0,06% merupakan kepemilikan publik yang juga berada di bawah CGS International Securities Singapore Pte Ltd
Hendro S. Gondokusumo’s total shares ownership in CGS International Securities Singapore Pte Ltd is 14.52%, while the 0.50% represents public
ownership which is also under CGS International Securities Singapore Pte Ltd
** Keseluruhan kepemilikan saham PT Bina Yatra Sentosa sebesar 11,97% yang terdiri dari kepemilikan langsung sebesar 11,28% dan kepemilikan
tidak langsung sebesar 0,69% melalui PT Panin Sekuritas
Total share ownership of PT Bina Yatra Sentosa is 11.97%, consisting of direct ownership of 11.28% and indirect ownership of 0.69% through PT
Panin Sekuritas.



Kepemilikan Saham Langsung Dewan Komisaris dan Direksi
Direct Share Ownership of Board of Commissioners and Directors

                                                                               1 Januari 2025                    31 Desember 2025
                           Pemegang Saham                                     January 1, 2025                    December 31, 2025
                             Shareholders                               Jumlah Saham                         Jumlah Saham
                                                                                                (%)                                  (%)
                                                                         Total Shares                         Total Shares
 Dewan Komisaris
 Board of Commissioners
 DR. Sofyan A. Djalil, SH.MA                                                              -            -                       -           -
 Komisaris Utama & Komisaris Independen
 President Commissioner & Independent Commissioner
 Sinarto Dharmawan                                                             65.907.430         0,64               65.907.430        0,64
 Wakil Komisaris Utama
 Vice President Commissioner
 Friso Palilingan                                                                         -            -                       -           -
 Komisaris Independen
 Independent Commissioner
 Alexander S. Rusli                                                                       -            -                       -           -
 Komisaris Independen
 Independent Commissioner
 Thio Gwan Po Micky*                                                                      -            -                       -           -
 Komisaris Independen
 Independent Commissioner




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                                                                                                                           Profil Perusahaan
                                                                                                                           Company Profile




                                                                            1 Januari 2025                    31 Desember 2025
                           Pemegang Saham                                  January 1, 2025                    December 31, 2025
                             Shareholders                             Jumlah Saham                       Jumlah Saham
                                                                                             (%)                                  (%)
                                                                       Total Shares                       Total Shares
 Jahja Asikin*                                                              219.683.834         2,12                       -             -
 Komisaris
 Commissioner
 Ping Handayani Hanli*                                                      219.683.834         2,12                       -             -
 Komisaris
 Commissioner
 Sub-Jumlah                                                                 505.275.098        4,88              65.907.430          0,64
 Sub-Total
 Direksi
 Directors
 Archied Noto Pradono                                                                  -           -                       -             -
 Direktur Utama
 President Director
 Utama Gondokusumo                                                           153.778.684        1,48            153.778.684          1,48
 Wakil Direktur Utama
 Vice President Director
 Novita Anggriani                                                                      -           -                       -             -
 Direktur
 Director
 Simon Joseph Wirawan                                                                  -           -                       -             -
 Direktur
 Director
 Hendro Santoso Gondokusumo**                                                    50.000        0,00                        -             -
 Direktur Utama
 President Director
 Suhendro Prabowo*                                                          219.683.834         2,12                       -             -
 Wakil Direktur Utama
 Vice President Director
 Perry Yoranouw*                                                                       -           -                       -             -
 Direktur
 Director
 Permadi Indra Yoga*                                                                   -           -                       -             -
 Direktur
 Director
 Sub-Jumlah
                                                                             373.512.518       3,60             153.778.684          1,48
 Sub-Total
 Jumlah
                                                                            878.787.616        8,48              219.686.114         2,12
 Total

*) Bapak Thio Gwan Po Micky, Bapak Jahja Asikin, Ibu Ping Handayani Hanli, Bapak Suhendro Prabowo, Bapak Perry Yoranouw, dan Bapak
Permadi Indra Yoga menjabat sebagai anggota Dewan Komisaris dan Direksi Perseroan hingga RUPST pada 28 Mei.
Mr. Thio Gwan Po Micky, Mr. Jahja Asikin, Mrs. Ping Handayani Hanli, Mr. Suhendro Prabowo, Mr. Perry Yoranouw, and Mr. Permadi Indra Yoga
served as the member of Board of Commissioners and Board of Directors of the Company until the Annual General Meeting of Shareholders
(AGM) on May 28, 2025.
**) Meninggal dunia pada 13 Maret 2025
Deceased on March 13, 2025




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Kepemilikan Saham Tidak Langsung oleh Dewan Komisaris dan Direksi
Indirect Share Ownership of Board of Commissioners and Directors

                                                                            1 Januari 2025                    31 Desember 2025
                           Pemegang Saham                                  January 1, 2025                    December 31, 2025
                             Shareholders                             Jumlah Saham                        Jumlah Saham
                                                                                             (%)                                  (%)
                                                                       Total Shares                        Total Shares
 Dewan Komisaris
 Board of Commissioners
 DR. Sofyan A. Djalil, SH.MA                                                           -            -                      -            -
 Komisaris Utama & Komisaris Independen
 President Commissioner & Independent Commissioner
 Sinarto Dharmawan                                                                     -            -                      -            -
 Wakil Komisaris Utama
 Vice President Commissioner
 Friso Palilingan                                                                      -            -                      -            -
 Komisaris Independen
 Independent Commissioner
 Alexander S. Rusli                                                                    -            -                      -            -
 Komisaris Independen
 Independent Commissioner
 Thio Gwan Po Micky*                                                                   -            -                      -            -
 Komisaris Independen
 Independent Commissioner
 Jahja Asikin*                                                                         -            -                      -            -
 Komisaris
 Commissioner
 Ping Handayani Hanli*                                                                 -            -                      -            -
 Komisaris
 Commissioner
 Direksi
 Directors
 Archied Noto Pradono                                                                  -            -                      -            -
 Direktur Utama
 President Director
 Utama Gondokusumo                                                                     -            -                      -            -
 Wakil Direktur Utama
 Vice President Director
 Novita Anggriani                                                                      -            -                      -            -
 Direktur
 Director
 Simon Joseph Wirawan                                                                  -            -                      -            -
 Direktur
 Director
 Hendro Santoso Gondokusumo**                                             5.328.800.724        51,41                       -            -
 Direktur Utama
 President Director
 Suhendro Prabowo*                                                                     -            -                      -            -
 Wakil Direktur Utama
 Vice President Director
 Perry Yoranouw*                                                                       -            -                      -            -
 Direktur
 Director
 Permadi Indra Yoga*                                                                   -            -                      -            -
 Direktur
 Director
 Jumlah
                                                                          5.328.800.724        51,41                       -            -
 Total

*) Bapak Thio Gwan Po Micky, Bapak Jahja Asikin, Ibu Ping Handayani Hanli, Bapak Suhendro Prabowo, Bapak Perry Yoranouw, dan Bapak
Permadi Indra Yoga menjabat sebagai anggota Dewan Komisaris dan Direksi Perseroan hingga RUPST pada 28 Mei.
Mr. Thio Gwan Po Micky, Mr. Jahja Asikin, Mrs. Ping Handayani Hanli, Mr. Suhendro Prabowo, Mr. Perry Yoranouw, and Mr. Permadi Indra Yoga
served as the member of Board of Commissioners and Board of Directors of the Company until the Annual General Meeting of Shareholders
(AGM) on May 28, 2025.
**) Meninggal dunia pada 13 Maret 2025
Deceased on March 13, 2025

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                                                                                                                                      Profil Perusahaan
                                                                                                                                      Company Profile




Komposisi Saham
Shares Composition

             Jenis Saham Diterbitkan                               1 Januari 2025                                    31 Desember 2025
                   Issued Shares                                  January 1, 2025                                    December 31, 2025

                                                           Jumlah Saham                                        Jumlah Saham
                                                                                             %                                                %
                                                          Number of Shares                                    Number of Shares
Warkat                                                                140.428.692                  1                       140.428.692               1
Script
Tanpa Warkat                                                        10.225.425.493               99                      10.225.425.493            99
Scriptless
Jumlah                                                              10.365.854.185               100                     10.365.854.185           100
Total


Komposisi Kepemilikan Saham oleh Pemodal Nasional dan Asing
Composition of Share Ownership by Domestic and Foreign Investors

                                                         1 Januari 2025                                           31 Desember 2025
                                                        January 1, 2025                                           December 31, 2025
              Status Investor             Jumlah                                                    Jumlah
 No                                                     Jumlah Saham       Kepemilikan                             Jumlah Saham       Kepemilikan
             Investors Status            Investor                                                  Investor
                                                          Number of         Ownership                                Number of         Ownership
                                       Number of                                                 Number of
                                                            Stock              %                                       Stock              %
                                        Investors                                                 Investors
      Asuransi
 1                                              10           28.535.160               0,28                    9         28.180.560              0,27
      Insurance
 2    Australia - tax treaty                        1           321.900              0,00                     1            321.900             0,00
 3    Bank                                          4          630.360                0,01                    4            630.360              0,01
 4    Broker                                    25         1.830.352.159             17,66                26          1.876.294.441            18,10
 5    Canada - tax treaty                           1         1.887.400               0,02                    1          1.887.400              0,02
 6    Finland - tax treaty                          1       70.000.000               0,68                     1        85.000.000               0,82
      Individu lokal
 7                                          16.530         3.976.356.127             38,36             16.853         3.911.489.856            37,73
      Individual - domestic
      Individu asing
 8                                              41            1.391.480               0,01                43             3.150.480              0,03
      Individual - foreign
      Individu asing
 9                                             110        2.865.842.772              27,65               108         2.902.578.597            28,00
      Individual - foreign
 10   Koperasi                                      1         3.262.680               0,03                    1          3.262.680              0,03
 11   Malaysia - tax treaty                         1          650.000                0,01                    1           650.000                 0,01
      Reksadana
 12                                                 2        25.751.700               0,25                    2          19.425.100               0,19
      Mutual fund
      Dana Pensiun
 13                                                 6         1.393.320               0,01                    4           1.370.320               0,01
      Pension fund
      Perusahaan Terbatas
 14                                             55         1.392.101.025             13,43                53         1.457.700.096            14,06
      Limited Liability Company
 15   Singapore - tax treaty                        2         2.119.000               0,02                    2            345.951             0,00
 16   Switzerland - tax treaty                      1         73.379.611              0,71                    2          10.364.111               0,10
 17   United Kingdom - tax treaty                   3            76.987              0,00                     3          17.373.787               0,17
      United States of America -
 18                                             23           91.793.204              0,89                 14             45.811.246            0,44
      tax treaty
      Yayasan
 19                                                 2             9.300              0,00                     2              9.300             0,00
      Foundation
Jumlah
                                            16.819       10.365.854.185               100              17.130        10.365.854.185               100
Total




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Klasifikasi Kepemilikan Saham
Classification of Shareholders

                                                          1 Januari 2025                                 31 Desember 2025
                                                         January 1, 2025                                 December 31, 2025
                Klasifikasi              Jumlah Lembar                                      Jumlah Lembar
               Classification                                Jumlah Investor                                    Jumlah Investor
                                            Saham                                              Saham
                                                               Number of            (%)                           Number of             (%)
                                           Number of                                          Number of
                                                                Investors                                          Investors
                                            Shares                                             Shares
 Institusi
 Institutions
 Domestik
                                           3.282.035.704                     105    31,66      3.386.872.857                  101       32,67
 Domestic
 Asing
                                            3.106.070.874                    143    29,96     3.064.332.992                   133       29,56
 Foreign
 Individu
 Individuals
 Domestik
                                            3.976.356.127                  16.530   38,36      3.911.497.856               16.853        37,73
 Domestic
 Asing
                                                1.391.480                      41    0,01         3.150.480                   43         0,03
 Foreign
 Jumlah
                                           10.365.854.185                  16.819    100      10.365.854.185               17.130        100
  Total




                                                                                                               Graha Famili, Surabaya




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                                                                                                                             Company Profile




INFORMASI PEMEGANG SAHAM UTAMA DAN
PENGENDALI
INFORMATION ON MAJOR AND CONTROLLING SHAREHOLDER



                                                                          Hendro S.
                                                                        Gondokusumo                                       Masyarakat
                                                                                                                            Public
                                                                            51,46%
                                                                                                                            48,54%




                                                                        CGS International
      Hendro S.         PT CGS International                                                  Bali Private Villa(s)   PT Graha Intan
                                               PT Bina Yatra Sentosa   Securities Singapore
    Gondokusumo*        Sekuritas Indonesia                                                         Pte Ltd              Mandiri
                                                                              Pte Ltd
                                                      11,97%
        0,00%                 14,52%                                                                 7,49%                2,52%
                                                                             14,96%




                                                                          PT Intiland
                                                                       Development Tbk

                                                                             100%




* Kepemilikan langsung sebanyak 50.000 lembar saham. Meninggal dunia pada 13 Maret 2025.
Direct ownership of 50,000 shares. Deceased on March 13, 2025.




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STRUKTUR GRUP PERUSAHAAN PER 31 DESEMBER 2025
COMPANY GROUP STRUCTURE AS OF DECEMBER 31, 2025




               PT Taman Harapan Indah                           PT Intiland Esperto                                  PT Inti Gria Persada
                           (100%)                                     (100%)                                                (55%)



                       PT Mutiara Raga Indah                                              PT Inti Gria Perdana
                              (100%)                                                             (100%)



                        PT Intisarana Ekaraya                                             PT Inti Gria Perkasa
                                (100%)                                                           (100%)



                       PT Sinar Puspapresada                                              PT Inti Gria Perwira
                               (100%)                                                            (100%)



                        PT Abadi Citra Lestari                                           PT Inti Gria Palamarta
                              (100%)                                                             (100%)



                        PT Putra Sinar Permai                                            PT Inti Gria Pramudya
                                (51%)                                                             (51%)



                      PT Vida Livetta Peninsula                     PT Gandaria Permai
                               (100%)                                     (100%)



                           PT Selasih Safar                         PT Gandaria Prima
                               (52,4%)                                   (52,4%)



                    PT Mahkota Kemayoran Realty                     PT Gandaria Mulia
                               (40%)                                     (40%)


                Badan Kerjasama Mutiara Buana
                                                                     PT Gandaria Sakti
                            [BKMB]
                                                                          (50%)
                             (50%)


                    PT Hotel Taman Harapan Indah                PT Inti Mitbana Development
                                (50%)                                       (50%)



                       PT Perkasalestari Utama                    PT Perkasalestari Permai
                               (100%)                                     (100%)



                      PT Wirasejati Binapersada
                               (100%)



                         Keterangan : Entitas anak, entitas asosiasi dan ventura bersama dengan kepemilikan ≥20%
                         Note: Subsidiaries, associates and joint ventures with ownership ≥20%




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       PT Intiland Development Tbk




           PT Intiland Grande                                                  PT Intiland Alfa Renata
                 (100%)                                                                (100%)



             PT Primasentosa Ganda                                                PT Inti Algoritma Perdana
                     (100%)                                                                 (100%)



               PT Grande Imperial                                                  PT Inti Arunika Persada
                     (100%)                                                                  (50%)


                                                                               Badan Kerjasama Graha Pratama
             PT Grande Family View
                                                                                           [BKGP]
                     (75%)
                                                                                            (30%)


             PT Kinerja Lancar Serasi                                            PT Melati Anugrah Semesta
                     (100%)                                                                (49,3%)



             PT Purisentosa Unggul           PT Adiwarna Harapan Nusantara        PT Melati Impian Bangsa
                      (51%)                              (50%)                            (100%)



              PT Usaha Guna Kelola                                              PT Melati Wahana Nusantara
                     (100%)                                                                (100%)



          PT Sinar Cemerlang Gemilang                                              PT Raharja Mitra Familia
                     (100%)                                                                (36,6%)



              PT Intiland Sejahtera           PT Kawasan Industri Intiland          PT Inti Pramana Vista
                      (100%)                           (100%)                               (100%)



               PT Graha Inti Boga                PT Kawasan Jombang
                    (100%)                             (100%)


        Badan Kerjasama Intiland Starlight
                                                   PT Kawasan Ploso
                     [BKIS]
                                                        (100%)
                     (20%)


                PT Buana Bejana                PT Jateng Industri Intiland   PT Perkebunan dan Industri Segajung
                    (100%)                              (100%)                             (100%)



                PT Puri Pariwara              PT Kawasan Industri Jombang
                    (39,7%)                             (100%)



             PT Graha Abdael Sukses
                     (55%)




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ENTITAS ANAK, ENTITAS ASOSIASI, DAN VENTURA
BERSAMA
INFORMATION ON SUBSIDIARIES, ASSOCIATES, AND JOINT VENTURE



                                                                                                                       Status
                                                                                                          Tanggal
                                                                                           Persentase                Operasional     Jumlah Aset
       Nama Perusahaan                       Alamat                    Kegiatan Usaha                   Penyertaan
                                                                                           Percentage                Operational     Total Assets
      Name of the Company                    Address                   Business Activity                  Date of
                                                                                               (%)                     Status            (Rp)
                                                                                                         Inclusion
                                                                                                                         (√)

 Taman Harapan Indah             Gd. Intiland Tower Lt.              Real Estat               100       28/08/1992                4.164.950.256.810
                                 Penthouse Jl. Jendral Sudirman      Real Estate
                                 Kav.32 Karet, Tengsin, Tanah
                                 Abang, Jakarta Pusat
       Mutiara Raga Indah        Pantai Mutiara Sport Club. Jl.      Pusat Kebugaran          100       30/06/1990                   3.389.965.438
                                 Pluit Samudera, Kel. Pluit, Kec.    Fitness Center
                                 Penjaringan Jakarta Utara
       Intisarana Ekaraya        Intiland Tower, lantai              Real Estat               100       30/12/2002     Belum        345.480.790.015
                                 Penthouse, Jl. Jend. Sudirman       Real Estate                                     operasional
                                 32, Jakarta Pusat.                                                                    Not Yet
                                                                                                                     Operational
               Gandaria Permai   1Park Residences, Jl. KH Syafei     Real Estat               100       17/04/1996                  37.208.057.400
                                 Hadzami No. 1. Kebayoran Baru,      Real Estate
                                 Jakarta Selatan.
               Gandaria Prima    Intiland Tower, lantai              Real Estat               100       17/04/1996                  286.012.103.276
                                 Penthouse, Jl. Jend. Sudirman       Real Estate
                                 32, Jakarta Pusat.
               Gandaria Mulia    Intiland Tower, lantai              Real Estat               100       17/04/1996     Belum          4.746.045.278
                                 Penthouse, Jl. Jend. Sudirman       Real Estate                                     operasional
                                 32, Jakarta Pusat.                                                                    Not Yet
                                                                                                                     Operational
               Gandaria Sakti    Intiland Tower, lantai              Real Estat               100       17/04/1996     Belum           4.017.649.383
                                 Penthouse, Jl. Jend. Sudirman       Real Estate                                     operasional
                                 32, Jakarta Pusat.                                                                    Not Yet
                                                                                                                     Operational
       Sinar Puspapersada        Intiland Tower, lantai              Real Estat               100       20/12/2002                  573.699.775.532
                                 Penthouse, Jl. Jend. Sudirman       Real Estate
                                 32, Jakarta Pusat.
               Inti Mitbana      Talaga Bestari, Jungle Boulevard    Real Estat               30        14/7/2022                  287.523.625.908
               Development       No. 1, Jalan Raya Serang Km.        Real Estate
                                 21, Desa Cibadak, Kecamatan
                                 Cikupa, Kab Tangerang –
                                 Banten.
       Abadi Citra Lestari       Plaza De Lumina, Taman              Real Estat               100       07/09/2015                   3.344.234.686
                                 Semanan Indah Blok C No 8-9,        Real Estate
                                 Cengkareng, Jakarta Barat.
       Putra Sinar Permaja       South Quarter, Jl. RA Kartini Kav   Real Estat                51       05/05/2010                1.973.221.073.260
                                 8, Cilandak, Jakarta Selatan.       Real Estate
       Vida Irvetta Peninsula    Intiland Tower, lantai              Real Estat               100       22/02/2016                 226.002.226.124
                                 Penthouse, Jl. Jend. Sudirman       Real Estate
                                 32, Jakarta Pusat.
       Selasih Safar             Jl. Raya Gatot Subroto km 68,       Real Estat               52.4      17/09/2014                   56.175.327.295
                                 Kelurahan Jatake, Jatiuwung,        Real Estate
                                 Tangerang .
       Mahkota Kemayoran         Menara DEA Tower 1, Jl. Mega        Real Estat               40        06/02/2008                 225.162.952.409
       Realty                    Kuningan Barat IX, Kav E.4.3 No.    Real Estate
                                 1, Setiabudi, Jakarta Selatan.
       Badan Kerjasama Mutiara   Pantai Mutiara blok TG No. 1D,      Real Estat               50        26/05/2003                 488.999.519.904
       Buana (JO)                Pluit, Jakarta Utara.               Real Estate
       Hotel Taman Harapan       Apartemen Regatta VB Tower          Real Estat               50        10/07/2003     Belum          95.310.352.834
       Indah                     New York, Lt. B1, No. 01, Jl.       Real Estate                                     operasional
                                 Pantai Mutiara Blok VB, Kel.                                                          Not Yet
                                 Pluit, Kec. Penjaringan, Jakarta                                                    Operational
                                 Utara
       Perkasalestari Utama      Flat Taman Harapan Indah Lt.        Real Estat               100       26/12/2008                 691.995.472.453
                                 II, Jelambar Baru, Kel. Jelambar,   Real Estate
                                 Kec. Grogol Petamburan,
                                 Jakarta Barat




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                                                                                                                                      Profil Perusahaan
                                                                                                                                      Company Profile




                                                                                                                        Status
                                                                                                           Tanggal
                                                                                            Persentase                Operasional    Jumlah Aset
     Nama Perusahaan                          Alamat                    Kegiatan Usaha                   Penyertaan
                                                                                            Percentage                Operational    Total Assets
    Name of the Company                       Address                   Business Activity                  Date of
                                                                                                (%)                     Status           (Rp)
                                                                                                          Inclusion
                                                                                                                          (√)

            Perkasalestari       Intiland Tower, lantai               Real Estat               100       24/03/2011                804.568.883.985
            Permai               Penthouse, Jl. Jend. Sudirman        Real Estate
                                 32, Jakarta Pusat.
     Wirasejati Binapersada      Intiland Tower, lantai               Real Estat               100       05/05/2010     Belum        324.638.486.171
                                 Penthouse, Jl. Jend. Sudirman        Real Estate                                     operasional
                                 32, Jakarta Pusat.                                                                     Not Yet
                                                                                                                      Operational
Intiland Esperto                 Intiland Tower, lantai               Real Estat               100       07/08/2008     Belum          87.021.010.127
                                 Penthouse, Jl. Jend. Sudirman        Real Estate                                     operasional
                                 32, Jakarta Pusat.                                                                     Not Yet
                                                                                                                      Operational
     Inti Gria Perdana           Intiland Tower, lantai               Real Estat               100       03/12/2008                  116.989.750.510
                                 Penthouse, Jl. Jend. Sudirman        Real Estate
                                 32, Jakarta Pusat.
     Inti Gria Perkasa           Intiland Tower, lantai               Real Estat               100       03/12/2008                     832.046.873
                                 Penthouse, Jl. Jend. Sudirman        Real Estate
                                 32, Jakarta Pusat.
     Inti Gria Perwira           Intiland Tower, lantai               Real Estat               100       03/12/2008                  47.300.476.598
                                 Penthouse, Jl. Jend. Sudirman        Real Estate
                                 32, Jakarta Pusat.
     Inti Gria Palamarta         Intiland Tower, lantai               Real Estat               100       27/04/2012                  10.970.284.395
                                 Penthouse, Jl. Jend. Sudirman        Real Estate
                                 32, Jakarta Pusat.
     Inti Gria Pramudya          Intiland Tower, lantai               Real Estat               100       27/04/2012     Belum          11.113.800.400
                                 Penthouse, Jl. Jend. Sudirman        Real Estate                                     operasional
                                 32, Jakarta Pusat.                                                                     Not Yet
                                                                                                                      Operational
Inti Gria Persada                Intiland Tower, lantai               Real Estat                55       03/12/2008     Belum         99.331.635.698
                                 Penthouse, Jl. Jend. Sudirman        Real Estate                        28/08/2017   operasional
                                 32, Jakarta Pusat.                                                                     Not Yet
                                                                                                                      Operational
Inti Pramana Vista               Intiland Tower lt. 2. Jl. Jend.      Real estat dan           100       24/09/2025                      154.174.485
                                 Sudirman 32. Jakarta Pusat           konsultasi
                                                                      manajemen
                                                                      Real Estate and
                                                                      Management
                                                                      Consultacy
Intiland Grande                  Spazio Office Building, Lantai       Real Estat               100       30/01/1992                4.397.050.575,777
                                 8. Jl. Mayjend Yono Soewoyo,         Real Estate
                                 Surabaya, Jawa Timur.
     Primasentosa Ganda          Jl. Panglima Sudirman No. 101-       Real Estat               100       28/04/2006                  715.094.313.375
                                 103, Surabaya, Jawa Timur.           Real Estate
     Grande Imperial             Jl. Sumatra No. 36, Surabaya,        Real Estat               100       30/04/2007                  81.645.632.009
                                 Jawa Timur.                          Real Estate
     Grande Family View          Spazio Office Building Unit 8, Jl.   Real Estat                75       02/07/1993                 304.673.147.205
                                 Mayjend Yono Soewoyo Kav. 3,         Real Estate
                                 Surabaya, Jawa Timur.
     Kinerja Lancar Serasi       Spazio Office Building Unit 8, Jl.   Real Estat               100       13/01/2012     Belum        269.921.043.200
                                 Mayjend Yono Soewoyo Kav. 3,         Real Estate                                     operasional
                                 Surabaya, Jawa Timur.                                                                  Not Yet
                                                                                                                      Operational
     Purisentosa Unggul          Jl. Darmo Harapan I, Surabaya,       Real Estat               100       03/06/2009     Belum          5.085.450.365
                                 Jawa Timur.                          Real Estate                                     operasional
                                                                                                                        Not Yet
                                                                                                                      Operational
            PT Adiwarna          Intiland Tower Lt.2, Jl. Jend.       Real Estat               50        01/12/2023     Belum            509.432.285
            Harapan Nusantara    Sudirman 32, Jakarta Pusat           Real Estate                                     operasional
                                                                                                                        Not Yet
                                                                                                                      Operational
     Usaha Guna Kelola          Spazio Office Building Unit 8, Jl.    Hotel                    100       17/07/2017     Belum         22.425.079.392
                                Mayjend Yono Soewoyo Kav. 3,                                                          operasional
                                Surabaya, Jawa Timur.                                                                   Not Yet
                                                                                                                      Operational
     Sinar Cemerlang            Spazio Office Building Unit 8, Jl.    Real Estat               100       14/10/2011                 233.623.068.709
     Gemilang                   Mayjend Yono Soewoyo Kav. 3,          Real Estate
                                Surabaya, Jawa Timur.
     Intiland Sejahtera         Spazio Office Building Unit 8, Jl.    Real Estat               100       28/11/1990                 830.449.413.158
                                Mayjend Yono Soewoyo Kav. 3,          Real Estate
                                Surabaya, Jawa Timur.



  Annual Report 2025 Laporan Tahunan                                                                           PT Intiland Development Tbk       107
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Profil Perusahaan
Company Profile




                                                                                                                          Status
                                                                                                             Tanggal
                                                                                              Persentase                Operasional    Jumlah Aset
       Nama Perusahaan                          Alamat                    Kegiatan Usaha                   Penyertaan
                                                                                              Percentage                Operational    Total Assets
      Name of the Company                       Address                   Business Activity                  Date of
                                                                                                  (%)                     Status           (Rp)
                                                                                                            Inclusion
                                                                                                                            (√)

               Kawasan Industri    Spazio Office Building Unit 8, Jl.   Kawasan Industri         100       19/02/1991                 83.734.801.760
               Intiland            Mayjend Yono Soewoyo Kav. 3,         Industrial Estate
                                   Surabaya, Jawa Timur.
               Kawasan Jombang     Spazio Office Building Unit 8, Jl.   Real Estat               100       27/09/2011     Belum       102.213.258.350
                                   Mayjend Yono Soewoyo Kav. 3,         Real Estate                                     operasional
                                   Surabaya, Jawa Timur.                                                                  Not Yet
                                                                                                                        Operational
               Kawasan Ploso       Spazio Office Building Unit 8, Jl.   Real Estat               100       26/09/2011     Belum       158.336.646.348
                                   Mayjend Yono Soewoyo Kav. 3,         Real Estate                                     operasional
                                   Surabaya, Jawa Timur.                                                                  Not Yet
                                                                                                                        Operational
               Jateng Industri     Spazio Office Building Unit 8, Jl.   Real Estat &             100       27/12/2018                 59.955.494.369
               Intiland            Mayjend Yono Soewoyo Kav. 3,         Kawasan Industri
                                   Surabaya, Jawa Timur.                Real Estate &
                                                                        Industrial Estate
               Perkebunan dan      Desa Sembojo, Kel. Tulis, Kec.       Kawasan                  100       15/01/2021                273.688.678.047
               Industri Segajung   Tulis, Kab. Batang, Jateng           Industri
                                                                        Industrial Estate
       Graha Inti Boga             Spazio Office Building Unit 8, Jl.   Restoran & Pusat         100       15/03/2017                   1.596.586.651
                                   Mayjend Yono Soewoyo Kav. 3,         Kebugaran
                                   Surabaya, Jawa Timur.                Restaurants &
                                                                        Fitness Center
       Badan Kerjasama Intiland    Spazio Office Building Unit 8, Jl.   Perkantoran               75       22/11/2010                 58.636.526.764
       Starlight (BKIS)            Mayjend Yono Soewoyo Kav. 3,         Office
                                   Surabaya, Jawa Timur.
       Buana Bejana                Spazio Office Building Unit 8, Jl.   Real Estat               100       24/02/2017                     118.777.127
                                   Mayjend Yono Soewoyo Kav. 3,         Real Estate
                                   Surabaya, Jawa Timur.
       Puri Pariwara               Gedung WTC lt. 6, Jl. Pemuda         Real Estat               39.7      28/08/1992                138.173.609.082
                                   No.27-31, Surabaya, Jawa Timur.      Real Estate
       Graha Abdael Sukses         Jl. HR. Muhammad 92A, Dukuh          Real Estat                55       13/07/2020                 375.558.503.159
                                   Pakis – Surabaya, Jawa Timur.        Real Estate
 Intiland Alfa Rendita             Intiland Tower, lantai               Infrastruktur            100       29/06/2015                  16.139.477.555
                                   Penthouse, Jl. Jend. Sudirman        Telekomunikasi
                                   32, Jakarta Pusat.                   Telecommunication
                                                                        Infrastructure
       Inti Algoritma Perdana      Intiland Tower, lantai               Infrastruktur            100       30/06/2015                 18.824.408.827
                                   Penthouse, Jl. Jend. Sudirman        Telekomunikasi
                                   32, Jakarta Pusat.                   Telecommunication
                                                                        Infrastructure
       Inti Arunika Persada        Intiland Tower lt. 2. Jl. Jend.      - Layanan Hosting        50        24/07/2025     Belum          4.991.911.577
                                   Sudirman 32. Jakarta Pusat           dan Jasa Sistem                                 operasional
                                                                        Komunikasi Data                                   Not Yet
                                                                        Hosting and Data                                Operational
                                                                        Communication
                                                                        System Services
 Badan Kerjasama Graha             Graha Pratama. Jl. MT Haryono        Perkantoran              30        08/07/1999                46.007.788.304
 Pratama (BKGP)                    Kav. 15, Tebet, Jakarta Selatan.     Office
 Melati Anugrah Semesta            Intiland Tower, lantai               Real Estat               49.3      08/11/1996     Belum       131.948.698.087
                                   Penthouse, Jl. Jend. Sudirman        Real Estate                                     operasional
                                   32, Jakarta Pusat.                                                                     Not Yet
                                                                                                                        Operational
 Melati Impian Bangsa              Intiland Tower, lantai               Real Estat               100       08/06/2012     Belum         13.340.137.472
                                   Penthouse, Jl. Jend. Sudirman        Real Estate                                     operasional
                                   32, Jakarta Pusat.                                                                     Not Yet
                                                                                                                        Operational
 Melati Wahana Nusantara           Intiland Tower, lantai               Real Estat               100       08/06/2012     Belum        36.559.183.466
                                   Penthouse, Jl. Jend. Sudirman        Real Estate                                     operasional
                                   32, Jakarta Pusat.                                                                     Not Yet
                                                                                                                        Operational
 Raharja Mitra Familia             Intiland Tower, lantai               Real Estat               36,6      26/09/2016                378.005.784.902
                                   Penthouse, Jl. Jend. Sudirman        Real Estate
                                   32, Jakarta Pusat.




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                                                                                                                           Profil Perusahaan
                                                                                                                           Company Profile




KRONOLOGI PENCATATAN SAHAM
CHRONOLOGY OF SHARE LISTING


                                              Harga
    Keterangan Penerbitan Saham             Penawaran        Tanggal Efektif       Saham         Harga Nominal          Jumlah
    Description of Share Issuance            Offering         Effective Date        Share        Nominal Price           Total
                                               Price
Penawaran Saham Perdana di Bursa
Paralel                                                      21 Oktober 1989
                                                 6.500                            12.000.000             1.000         12.000.000.000
Initial Public Offering on Parallel Stock                    October 21, 1989
Exchange
Perpindahan Pencatatan ke Bursa
Regular, Bursa Efek Jakarta                                  2 Agustus 1991
                                                        -                         12.000.000             1.000         12.000.000.000
Transfer of Listing to Regular Stock                         August 2, 1991
Exchange, the Jakarta Stock Exchange
Penawaran Umum
terbatas (PUT) I dengan
                                                               18 Juni 1992
Hak Memesan Efek                                  1.650                           121.418.000            1.000         121.418.000.000
                                                              June 18, 1992
Terlebih Dahulu (HMETD)
Rights Issue I with preemptive rights
PUT II dengan HMETD                                             6 Juni 1994
                                                 2.500                             81.209.000            1.000          81.209.000.000
Rights Issue II with preemptive rights                         June 6, 1994
Saham Bonus                                                 29 Desember 1997
                                                        -                         219.264.300            1.000         219.264.300.000
Bonus Shares                                                December 29, 1997
Pemecahan Saham                                               26 Januari 1998
                                                        -                         925.782.600              500         462.891.300.000
Stock Split                                                  January 26, 1998
Konversi Hutang Menjadi Ekuitas                                23 Juli 2007
                                                        -                        2.183.973.483             500        1.091.986.741.500
Debt to Equity Conversion                                     June 23, 2007
PUT III dengan HMETD
                                                 1.000                           2.073.170.722
Rights Issue III with preemptive rights                      29 Maret 2010
                                                                                                           500        1.036.585.361.000
Waran                                                        March 29, 2010
                                                 1.000                           1.036.585.361
Warrants
Pemecahan Saham                                                26 Juli 2010
                                                        -                       10.365.853.610             250        2.591.463.402.500
Stock Split                                                   July 26, 2010
Pelaksanaan waran Seri-1 (575 lembar)
                                                              12 April 2012
/                                                       -                       10.365.854.185             250        2.591.463.546.250
                                                              April 12, 2012
Exercise of Warrant Series 1 (575 shares)
                                                            23 September – 17
Pelaksanaan pembelian                                           Desember
kembali saham                                           -         2013             98.755.000          300-380           31.740.510.000
Share buyback                                                September 23 –
                                                            December 17, 2013
Pengalihan saham hasil pembelian -                          30 Desember 2016       98.755.000              555          54.809.025.000
kembali                                                     December 30, 2016
Transfer of shares from buyback action




 Annual Report 2025 Laporan Tahunan                                                                 PT Intiland Development Tbk       109
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Profil Perusahaan
Company Profile




INFORMASI TENTANG EFEK LAINNYA
INFORMATION ABOUT OTHER SECURITIES


                                                Tahun                                                       Peringkat Efek
                      Nama Efek               Penerbitan    Tanggal Jatuh Tempo    Nilai Penawaran            17 April 2025
                    Securities Name             Year of          Due Date              Bid Value              Effect Rating
                                              Publication                                                  As of April 17, 2025
 PUB Sukuk Ijarah Berkelanjutan I Intiland       2022         25 Agustus 2025     Rp250 miliar/billion     A Outlook Stabil
 Development Tahap II                                         August 25. 2025                              A Stable Outlook
 Issued Shelf-Registration Sukuk Ijarah I
 Intiland Development Tranche II 2022

 PUB Sukuk Ijarah Berkelanjutan I Intiland       2022        2 Desember 2025      Rp125 miliar/billion     A Outlook Stabil
 Development Tahap III seri B                                December 2, 2025                              A Stable Outlook
 Issued Shelf-Registration Sukuk Ijarah I
 Intiland Development Tranche III, Series B



Perseroan telah melunasi kewajiban atas pembayaran pokok          The Company has fulfilled its obligation for the principal
Sukuk Ijarah Berkelanjutan I Intiland Development Tahap           payment of the Sustainable Sukuk Ijarah I Intiland
II Tahun 2022 senilai Rp250 miliar yang jatuh tempo pada          Development Tranche II 2022, amounting to Rp250 billion,
tanggal 25 Agustus 2025 dan Sukuk Ijarah Berkelanjutan I          which is due on August 25, 2025 and the Sustainable Sukuk
Intiland Development Tahap III seri B senilai Rp125 miliar        Ijarah I Intiland Development Tranche III, Series B amounting
yang jatuh tempo tanggal 2 Desember 2025.                         to Rp125 billion, which is due on December 2, 2025.




INFORMASI TENTANG AKUNTAN PUBLIK DAN KANTOR
AKUNTAN PUBLIK
INFORMATION ON PUBLIC ACCOUNTANTS AND PUBLIC ACCOUNTING FIRMS


Berdasarkan keputusan RUPS Tahunan pada tanggal 28 Mei            Based on the decision of the Annual GMS on May 28, 2025,
2025, memberikan kewenangan kepada Dewan Komisaris                the Board of Commissioners had the authority to appoint a
untuk menunjuk Akuntan Publik Independen dan Kantor               Public Accountant and Public Accounting Firm to audit the
Akuntan Publik (KAP) yang akan melakukan audit atas               financial information of the Company and its subsidiaries
informasi keuangan Perseroan dan entitas anak untuk tahun         for the financial year ended 31 December 2025. Referring to
buku 31 Desember 2025. Merujuk pada hasil keputusan               the Decision, and with considerations and recommendations
tersebut dan dengan pertimbangan dan rekomendasi                  from Audit Committee, the Board of Commissioners decided
dari Komite Audit, maka Dewan Komisaris memutuskan                to appoint KAP Mirawati Sensi Idris (An independent
menunjuk KAP Mirawati Sensi Idris (An independent member          member of Moore Global Network Limited) with Mr. Ahmad
of Moore Global Network Limited) dengan Bapak Ahmad               Syakir as Public Accountant (AP) to carry out audit duties on
Syakir selaku Akuntan Publik (AP) untuk melaksanakan tugas        the consolidated financial information of the Company and
audit atas informasi keuangan konsolidasian Perseroan dan         its subsidiaries for the financial year ended 31 December
entitas anak untuk tahun buku 31 Desember 2025. Keputusan         2025. This decision was taken after receiving input and
ini diambil setelah mendapatkan masukan dan rekomendasi           recommendations from the Audit Committee.
dari Komite Audit.




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                                                                                                                         Profil Perusahaan
                                                                                                                         Company Profile




Penunjukan Akuntan Publik dan KAP telah memenuhi                     The appointment of the Public Accountant and Public
ketentuan Peraturan OJK Nomor 9 Tahun 2003 tentang                   Accounting Firm complied with the provisions of OJK
Peraturan Penggunaan Jasa Akuntan Publik dan Kantor                  Regulation Number 9 of 2003 concerning the Use of Public
Akuntan Publik dalam Kegiatan Jasa Keuangan.                         Accounting Services and Public Accounting Firms in Financial
                                                                     Services Activities.


Selain audit atas informasi keuangan konsolidasian,                  Apart from auditing the consolidated financial information
Perseroan dan entitas anak, Perseroan tidak ada pekerjaan            of the Company and its subsidiaries, the Company had no
jasa layanan lainnya dari KAP Mirawati Sensi Idris di tahun          other services rendered by KAP Mirawati Sensi Idris in 2025.
2025.


           Nama                      Alamat             Tahun Penugasan          Jasa yang Diberikan            Biaya Jasa*
           Name                      Address             Assignment Year          Services Rendered             Service Fee*


 Kantor Akuntan Publik       Intiland Tower, 7th             2025           1. Melaksanakan          audit    Rp2.110.000.000,-
 Public Accountant Firm:     Floor, Jalan Jenderal                             atas Laporan Keuangan
                             Sudirman 32, Jakarta                              Konsolidasian Perseroan
 Mirawati Sensi Idris (An    10220                                             dan entitas anak untuk
 independent member of       T : +62 21 5708111                                posisi dan tahun yang
 Moore Global Network        F : +62 21 5722737                                berakhir pada 31 Desember
 Limited)                                                                      2025.
                                                                            2. Melaksanakan           reviu
                                                                               atas Laporan Keuangan
 Akuntan Publik                                                                Konsolidasian Perseroan
 Public Accountant:                                                            dan entitas anak untuk
                                                                               posisi dan periode yang
 Ahmad Syakir                                                                  berakhir 30 Juni 2025.

                                                                            1. Audit of the Consolidated      Rp2,110,000,000.-
                                                                               Financial     Information
                                                                               of the Company and
                                                                               its subsidiaries for the
                                                                               position and year ending
                                                                               31 December 2025.
                                                                            2. Reviewed the Consolidated
                                                                               Financial      Statements
                                                                               of the Company and
                                                                               its subsidiaries for the
                                                                               position and period ending
                                                                               30 June 2025.

* Biaya konsolidasi induk perusahaan dan anak perusahaan
 Fee for consolidated parent company and its subsidiaries




  Annual Report 2025 Laporan Tahunan                                                              PT Intiland Development Tbk       111
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Profil Perusahaan
Company Profile




LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL
CAPITAL MARKET SUPPORTING INSTITUTIONS AND PROFESSIONALS


               Biro Administrasi Efek                        Wali Amanat                        Perusahaan Pemeringkat Efek
                   Share Registrar                             Trustee                             Credit Rating Company


    PT EDI Indonesia                            PT Bank Mega Tbk                           PT Kredit Rating Indonesia

    Wisma SMR, 10th Floor Jalan Yos Sudarso     Menara Bank Mega, 16 floor                 Sinarmas Land Plaza Tower 3 Lantai 11
    Kav 89, Jakarta 14350                       Jalan Kapten Tendean Kav 12 – 14 A         Jl. M.H. Thamrin No. 51 Kav. 22 Jakarta
    T : +62 21 650 5829                         Jakarta 12790                              10350
    F : +62 21 6515131                          T : +6221 7919 5000                        T : +61 21 3983 4411
                                                F : +6221 7918 7100

    Jasa yang diberikan                         Jasa yang diberikan                        Jasa yang diberikan
    Service Provided:                           Service Provided:                          Service Provided:
    Administrasi Efek                           Wali Amanat Obligasi                       Menetapkan peringkat Perusahaan dan
    Shares Administration                       Bond Trustee                               sukuk Perusahaan.
                                                                                           Assign credit rating for the Company
                                                                                           and its sukuk.

    Periode penugasan                           Periode penugasan                          Periode penugasan
    Working Period:                             Working Period:                            Working Period:
    2025                                        2025                                       2025




                      Notaris                             Konsultan Hukum                                   Penilai
                      Notary                               Legal Consultant                                Appraisal


    Humberg Lie, SH, SE, M.Kn                   Nugroho, Panjaitan & Partners              KJPP Wilson & Rekan

    Jl. Raya Pluit Selatan 103, Jakarta 14450   Equity Tower, lantai 29 Unit E SCBD Lot.   Chase Plaza 17th Floor
    T: +62 21 66697315                          9, Jl. Jend Sudirman Kav.52-53 Jakarta     Jl. Jend. Sudirman Kav. 21
                                                T : +62 21 29035295                        Jakarta 12930
                                                F : +62 21 29035297                        T: +62 21 570 7170
                                                                                           F: +62-21 570 7177

    Jasa yang diberikan                         Jasa yang diberikan                        Jasa yang diberikan
    Service Provided:                           Service Provided:                          Service Provided:
    Akta Perusahaan                             Konsultasi hukum sehubungan dengan         Melakukan         pemeriksaan       fisik,
    Deed of Company                             transaksi komersial.                       penelitian, analisa data, menentukan
                                                Legal consultation in relation to          nilai pasar atas aset Perusahaan.
                                                commercial transactions.                   Performing      physical    examination,
                                                                                           research,     analyzedata,    determines
                                                                                           market value of Company’s assets.

    Periode penugasan                           Periode penugasan                          Periode penugasan
    Working Period:                             Working Period:                            Working Period:
    2025                                        2025                                       2025




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                                                                                                                 Profil Perusahaan
                                                                                                                 Company Profile




INFORMASI PADA SITUS WEB PERUSAHAAN
INFORMATION ON THE COMPANY WEBSITE




Sebagai    perusahaan     publik,      Intiland   berkomitmen   As a public company, Intiland committed to implementing
mengutamakan aspek transparansi dan akuntabilitas               transparency and accountability aspect to its stakeholders.
kepada para pemangku kepentingan. Salah satunya                 One of these is realized through the provision of open
diwujudkan melalui penyediaan informasi secara terbuka          information via the website www.intiland.com, which can
melalui situs web www.intiland.com yang dapat diakses           be accessed in both Indonesian and English. The provision
dalam Bahasa Indonesia dan Inggris. Penyediaan situs web        of a website is also an effort by the Company to comply
sekaligus menjadi upaya Perseroan memenuhi Peraturan            with Financial Services Authority Regulation Number 8/
Otoritas Jasa Keuangan Nomor 8/POJK.04/2015, tentang            POJK.04/2015 regarding Websites of Issuers or Public
Situs Web Emiten atau Perusahaan Publik.                        Companies.


Penyediaan situs web menjadi upaya Perseroan untuk              The website is the Company's effort to strengthen
memperkuat hubungan dengan pemegang saham, investor,            relationships with shareholders, investors, and other
dan pemangku kepentingan lain, serta membangun reputasi         stakeholders, as well as to build a positive and trusted
yang baik dan terpercaya. Informasi di situs web diperbarui     reputation. The information on the website is updated based
secara faktual dan aktual, meliputi:                            on factual and current data, including:




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1. Informasi Perseroan                                                   1. Company Information
     Bagian ini memuat seluruh informasi umum tentang                       The section provides various general information
     Perseroan, mulai dari profil singkat, sejarah Perseroan,               about the Company, starting with a brief overview,
     visi dan misi serta nilai Perseroan, susunan manajemen                 the Company’s history, its vision, mission, and values,
     Perseroan,           penghargaan    yang   diperoleh,    struktur      the makeup of the management team, any honors the
     organisasi Perseroan, dan narahubung Perseroan.                        Company has earned, its organizational structure, and
                                                                            the Company’s contacts.

2. Pengembangan Properti                                                 2. Property Development
     Informasi mengenai pengembangan properti disajikan                     Information about property development presented on
     berdasarkan jenis produk maupun fungsinya. Intiland                    the type of product and its intended uses. Intiland sets
     menyiapkan struktur dan navigasi pencarian yang                        up the structure and navigation for search and grouping
     dikelompokkan sesuai berbagai kebutuhan masyarakat,                    of various community needs, including product kind,
     seperti jenis produk, lokasi, harga, dan fungsinya. Kami               location, price, and function, in order to assist the public
     juga menyediakan layanan pusat informasi untuk                         in obtaining more specific information about the desired
     membantu masyarakat untuk memperoleh informasi                         real estate items, we also offer call center services.
     lebih mendetail tentang produk-produk properti yang
     diinginkan.

3. Media                                                                 3. Media
     Laman          ini     menampilkan     informasi        mengenai       This section displays information about the latest
     perkembangan terbaru yang dilaksanakan oleh Perseroan                  developments carried out by the Company, such as
     seperti aksi korporasi, perkembangan dari proyek-                      corporate actions, updates on ongoing projects, and the
     proyek yang dikembangkan, hingga kinerja Perusahaan                    Company's performance in the form of press releases
     dalam bentuk siaran pers maupun foto. Masyarakat                       and photos. The public and stakeholders can follow the
     dan para pemangku kepentingan dapat mengikuti                          Company's developments and activities through the
     setiap perkembangan dan aktivitas perusahaan melalui                   information available on this page.
     informasi yang tersedia di laman ini.

4. Investor                                                              4. Investors
     Perusahaan            menyediakan     laman    investor     yang       The Company provides an investor page that presents
     menyajikan berbagai informasi serta data terkini yang                  various up-to-date information and data needed by
     dibutuhkan oleh para investor, pemegang saham,                         investors, shareholders, and investment managers. This
     maupun manajer investasi. Laman ini menyajikan                         page includes management reports, stock ownership,
     laporan manajemen, kepemilikan saham, laporan                          financial statements, annual reports, presentation
     keuangan, laporan tahunan, materi presentasi, laporan                  materials, stock and bond reports, as well as routine
     saham dan obligasi, serta laporan rutin yang disampaikan               reports submitted to regulators as part of transparency
     kepada regulator sebagai bagian dari keterbukaan dan                   and compliance with regulations. The investor page also
     kepatuhan terhadap regulasi. Laman investor turut                      provides complete information regarding the Annual or
     menyampaikan informasi lengkap mengenai Rapat                          Extraordinary General Meeting of Shareholders, from the
     Umum Pemegang Saham Tahunan atau Luar Biasa, mulai                     stages of the GMS implementation, and submission of
     dari tahapan pelaksanaan RUPS hingga penyampaian                       the minutes of the GMS.
     risalah hasil RUPS.

5. Karir                                                                 5. Career
     Informasi mengenai program-program pengembangan                        The information on career development programs at
     karier di Perusahaan dan beragam aktivitas karyawan                    the Company and various employment activities is
     disajikan pada laman karier. Bagian ini turut menyajikan               provided on the careers page. This section also provides
     informasi mengenai lowongan pekerjaan dan program                      information about job vacancies, internship programs,
     magang.                                                                and opportunities to join Intiland.




114        PT Intiland Development Tbk                                                           Laporan Tahunan 2025 Annual Report
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                                                            Profil Perusahaan
                                                            Company Profile




                                                   Graha Golf, Surabaya

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PROGRAM PELATIHAN DAN/ATAU PENGEMBANGAN
DEWAN KOMISARIS, DIREKSI, KOMITE-KOMITE,
SEKRETARIS PERUSAHAAN, DAN AUDIT INTERNAL
TRAINING AND/OR DEVELOPMENT PROGRAM FOR BOARD OF
COMMISSIONERS, DIRECTORS, COMMITTEES, CORPORATE SECRETARY, AND
INTERNAL AUDIT


         Peserta                                                  Nama Kegiatan                                                 Jenis
       Participants                                                 Activities                                                  Types



 Komisaris                Update PSAK Terkini Dalam Penyusunan Laporan Keuangan                                            Webinar
 Commissioner             Latest PSAK Updates in Financial Statement Preparation                                           Webinar



 Komisaris                Implementasi PSAK 115 & 116: Tantangan Penerapan Dan Implikasi Ke Laporan Keuangan               Webinar
 Commissioner             Implementation of PSAK 115 & 116: Challenges in Application and Implications for Financial       Webinar
                          Statements
 Komisaris                KEPAP 2021: Kepatuhan Terhadap Kode Etik, Prinsip Dasar Etika, Noclar, Serta                     Seminar
 Commissioner             Independensidalam Perikatan Audit, Perikatan Reviu, dan Perikatan Asurans Lainnya                Seminar
                          KEPAP 2021: Compliance with the Code of Ethics, Basic Ethical Principles, Noclar, and
                          Independence in Audit Engagements, Review Engagements, and Other Assurance Engagements
 Komisaris                PPL Wajib Akuntan Publik PPPK 2025 - Batch 4                                                     Pelatihan
 Commissioner             Mandatory Public Accountant PPL PPPK 2025 - Batch 4                                              Training

 Komisaris                PPL Pendamping PPL Wajib PPPK Tahun 2025 (Batch 6)                                               Pelatihan
 Commissioner             PPL Assistant PPL Mandatory PPPK 2025 (Batch 6)                                                  Training

 Komisaris                Implementasi PSAK 115 & 116: Tantangan Penerapan dan Implikasi Ke Laporan Keuangan               Seminar
 Commissioner             Implementation of PSAK 115 & 116: Challenges in Application and Implications for Financial       Seminar
                          Statements
 Komisaris                PPL IAPI - OJK IKNB Aspek Akuntansi dan Audit Serta Regulasi Terkait Laporan Keuangan            Pelatihan
 Commissioner             Fintech Termasuk Fintech Syariah                                                                 Training
                          PPL IAPI - OJK IKNB Accounting and Audit Aspects and Regulations Related to Fintech Financial
                          Statements, Including Sharia Fintech.
 Komisaris                PPL IAPI - OJK Sektor Pasar Modal Pertimbangan Akuntansi dan Audit Serta Regulasi Pasar          Webinar
 Commissioner             Modal Dalam Proses Merger & Akuisisi, Serta Update Perkembangan Pasar Modal Syariah              Webinar
                          Indonesia
                          PPL IAPI - OJK Capital Market Sector Accounting and Audit Considerations and Capital Market
                          Regulations in the Merger & Acquisition Process, as well as Updates on the Development of the
                          Indonesian Sharia Capital Market
 Komite Audit             Etika, Kompetensi, dan Integritas: Pilar Profesi Konsultan Hukum Sektor Keuangan Di Tengah       Seminar
 Audit Committee          Transformasi Regulasi                                                                            Seminar
                          Ethics, Competence, and Integrity: Pillars of the Financial Sector Legal Consultant Profession
                          Amid Regulatory Transformation
 Sekretaris               Kuliah Umum Program Studi Magister Ilmu Komunikasi (M.Ikom) Fisip Universitas Nasional           Kuliah Umum
 Perusahaan               Public Lecture of the Master of Communication Science (M.Ikom) Study Program, Faculty of         Public Lecture
 Corporate Secretary      Social and Political Sciences, Universitas Nasional

 Sekretaris               Seminar Sustainable Housing Building and Cities in Indonesia                                     Seminar
 Perusahaan               Seminar tentang Pembangunan Perumahan Berkelanjutan dan Kota di Indonesia                        Seminar
 Corporate Secretary


 Sekretaris               Perdagangan Karbon Internasional                                                                 Webinar
 Perusahaan               International Carbon Trading                                                                     Webinar
 Corporate Secretary
 Sekretaris               Sosialisasi ESG Reporting                                                                        Webinar
 Perusahaan               ESG Reporting Socialization                                                                      Webinar
 Corporate Secretary


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                                                                                                                  Company Profile




                                                           Jumlah Peserta
                                                             Number of           Durasi
        Penyelenggara                Waktu & Tempat          Participant         (jam)           Kapasitas        Investasi
          Organizers                 Time and Venue                             Duration         Capacity        Investment
                                                           L          P          (hour)
                                                           M          W
Institut Akuntan Publik          11 Juni 2025                   1                 6,5        Peserta                           0
Indonesia (IAPI)                 June 11, 2025                                               Participant
The Indonesian Institute of      Zoom Meeting
Certified Public Accountants
IAPI                             13 Juni 2025                   1                 6,5        Peserta                           0
                                 June 13, 2025                                               Participant
                                 Zoom Meeting
IAPI                             19 Juni 2025                   1                 6,5        Peserta                           0
                                 June 19, 2025                                               Participant
                                 Jakarta

Kementerian Keuangan & IAPI      25 Juli 2025                   1                 6,5        Peserta                           0
The Ministry of Finance & IAPI   July 25, 2025                                               Participant
                                 Jakarta
Kementerian Keuangan & IAPI      30 Juli 2025                   1                 6,5        Peserta                           0
The Ministry of Finance & IAPI   July 30, 2025                                               Participant
                                 Jakarta
IAPI                             04 Agustus 2025                1                 6,5        Peserta                           0
                                 August 04, 2025                                             Participant
                                 Jakarta
IAPI                             29 Agustus 2025                1                 6,5        Peserta                           0
                                 August 29, 2025                                             Participant
                                 Jakarta

IAPI                             16 September 2025              1                 6,5        Peserta                           0
                                 September 16, 2025                                          Participant
                                 Zoom Meeting




Himpunan Konsultan Hukum         29 Juli 2025                   1                  3         Peserta                           0
Sektor Keuangan (HKKSI)          July 29, 2025                                               Participant
The Finansial Sector Legal       Jakarta
Consultants Association
Universitas Nasional             11 Januari 2025                            1      2         Peserta                           0
Nasional University              January 11, 2025                                            Participant
                                 Universitas Nasional
                                 Jakarta
Kementerian Perumahan &          14 Januari 2025                            1      3         Peserta                           0
Kawasan Permukiman               January 14, 2025                                            Participant
The Ministry of Housing and      Hotel Fairmont, Jakarta
Residential Areas

IDX Carbon                       16 Januari 2025                1                  2         Peserta                           0
                                 January 16, 2025                                            Participant
                                 Zoom Meeting
Bursa Efek Indonesia (BEI)       22 Januari 2025               2                   2         Peserta                           0
The Indonesia Stock Exchange     January 22, 2025                                            Participant
(IDX)                            Zoom Meeting


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         Peserta                                                  Nama Kegiatan                                              Jenis
       Participants                                                 Activities                                               Types



 Sekretaris               Penyegaran POJK Bagi Emiten Perusahaan Publik                                                 Webinar
 Perusahaan               Refreshment of POJK for Public Company Issuers                                                Webinar
 Corporate Secretary

 Sekretaris               Driving Sustainability In The Real Estate Sector: ESG and Green Financing in Indonesia        Seminar
 Perusahaan               Mendorong Keberlanjutan di Sektor Properti: ESG dan Pembiayaan Hijau di Indonesia             Seminar
 Corporate Secretary
 Sekretaris               Sosialisasi POJK Nomor 45 Tahun 2024 tentang Pengembangan dan Penguatan Emiten dan            Sosialisasi
 Perusahaan               Perusahaan Publik                                                                             Dissemination
 Corporate Secretary      Socialization of POJK Number 45 of 2024 concerning the Development and Strengthening of
                          Issuers and Public Companies
 Sekretaris               Webinar Studi Kasus Restrukturisasi di Indonesia                                              FGD
 Perusahaan               Indonesian Restructuring Case Studies Webinar                                                 Focuss Group
 Corporate Secretary                                                                                                    Discussion
 Sekretaris               Pengungkapan ESG: Mengapa dan Bagaimana Perusahaan Harus Mengidentifikasi Risiko dan          Seminar
 Perusahaan               Peluang yang Berkaitan dengan Alam?                                                           Seminar
 Corporate Secretary      ESG disclosures: Why and How Should Companies Identify Nature-related Risks and
                          Opportunities?

 Sekretaris               Navigating Indonesia's Economy: Thriving Smid Global Uncertainly - Bloomberg Technoz          FGD
 Perusahaan               Menavigasi Ekonomi Indonesia: Berkembang di Tengah Ketidakpastian Global - Bloomberg          Focuss Group
 Corporate Secretary      Technoz                                                                                       Discussion

 Sekretaris               Sosialisasi Annual Report Award 2024                                                          Sosialisasi
 Perusahaan               Socialization of the 2024 Annual Report Award                                                 Dissemination
 Corporate Secretary

 Sekretaris               Siapa Dibalik Korporasi? Mencermati Transparansi Beneficial Ownership dan Pengaturannya di    Webinar
 Perusahaan               Indonesia                                                                                     Webinar
 Corporate Secretary      Who's Behind Corporations? Examining Beneficial Ownership Transparency and Its Regulation
                          in Indonesia
 Sekretaris               Menavigasi Standar Pelaporan Keberlanjutan                                                    Webinar
 Perusahaan               Navigating Sustainability Reporting Standards                                                 Webinar
 Corporate Secretary
 Sekretaris               Sosialisasi Taksonomi Keuangan Berkelanjutan Indonesia (TKBI) versi 2 Tahap 2                 Sosialisasi
 Perusahaan               Socialization of the Indonesian Sustainable Finance Taxonomy (TKBI) version 2 Phase 2         Dissemination
 Corporate Secretary
 Sekretaris               Penguatan POJK 45/2024                                                                        Webinar
 Perusahaan               Strengthening of POJK 45/2024                                                                 Webinar
 Corporate Secretary
 Sekretaris               Sosialisasi Perubahan Peraturan Bursa Nomor I-P tentang Pencatatan Waran Terstruktur di       Sosialisasi
 Perusahaan               Bursa                                                                                         Dissemination
 Corporate Secretary      Socialization of Amendment to Exchange Regulation Number I-P concerning the Listing of
                          Structured Warrants on the Exchange
 Sekretaris               Standar Sektor Layanan Keuangan GRI (Perbankan, Asuransi, dan Pasar Modal): Rancangan         Webinar
 Perusahaan               Standar                                                                                       Webinar
 Corporate Secretary      GRI Financial Services (Banking, Insurance and Capital Market) Sector Standard: Exposure
                          Drafts

 Sekretaris               Net Zero dan Akses Dana: Mengubah Keberlanjutan Menjadi Profitabilitas                        Seminar
 Perusahaan               Net Zero and Access to Funds: Turning Sustainability into Profitability                       Seminar
 Corporate Secretary
 Sekretaris               Musyawarah Anggota AEI 2025                                                                   FGD
 Perusahaan               AEI Member Meeting 2025                                                                       Focuss Group
 Corporate Secretary                                                                                                    Discussion

 Sekretaris               Sosialisasi Pengenaan Pajak pada Pembeli dan Penjual Properti Warga Negara Asing              Seminar
 Perusahaan               Socialization of Tax Imposition on Foreign Property Buyers and Sellers                        Seminar
 Corporate Secretary




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                                                            Jumlah Peserta
                                                              Number of           Durasi
           Penyelenggara               Waktu & Tempat         Participant         (jam)           Kapasitas        Investasi
             Organizers                Time and Venue                            Duration         Capacity        Investment
                                                            L          P          (hour)
                                                            M          W
Asosiasi Emiten Indonesia (AEI)    23 Januari 2025              2                   2         Peserta                           0
The Association of Indonesian      January 23, 2025                                           Participant
Issuers                            Zoom Meeting

Kamar Dagang Indonesia             06 Februari 2025                          1      3         Peserta                           0
(KADIN), GRESB, GRI, AIGCC         February 06, 2025                                          Participant
                                   Menara Kadin, Jakarta
Otoritas Jasa Keuangan (OJK)       06 Februari 2025             2                   3         Peserta                           0
                                   February 06, 2025                                          Participant
The Financial Services Authority   Zoom Meeting

IWIRC Indonesia & Singapore        18 Februari 2025                          1      3         Peserta                           0
                                   February 18, 2025                                          Participant
                                   Zoom Meeting
BEI / IDX                          18 Februari 2025              1                  2         Peserta                           0
                                   February 18, 2025                                          Participant
                                   Main Hall Bursa Efek
                                   Indonesia

Bloomberg Technoz                  20 Februari 2025              1           1      3         Peserta                           0
                                   February 20, 2025                                          Participant
                                   Soehana Hall Energy
                                   Building
Komite Nasional Kebijakan          18 Maret 2025                 1                  2         Peserta                           0
Governansi (KNKG)                  March 18, 2025                                             Participant
The National Committee for         Online Meeting
Governance Policy
AEI                                19 Maret 2025                 1                  2         Peserta                           0
                                   March 19, 2025                                             Participant
                                   Zoom Meeting

BEI, AEI & Global Reporting        20 Maret 2025                 1                  2         Peserta                           0
Initiative (GRI)                   March 20, 2025                                             Participant
                                   Zoom Meeting
OJK                                24-25 April 2025              1                  2         Peserta                           0
                                   April 24-25, 2025                                          Participant
                                   Zoom Meeting
AEI                                30 April 2025                2                   2         Peserta                           0
                                   April 30, 2025                                             Participant
                                   Zoom Meeting
BEI                                14 Mei 2025                   1                  2         Peserta                           0
                                   May 14, 2025                                               Participant
                                   Zoom Meeting

BEI, GRI                           20 Mei 2025                   1                  2         Peserta                           0
                                   May 20, 2025                                               Participant
                                   Zoom Meeting



KADIN                              23 Mei 2025                   1           1      5         Peserta                           0
                                   May 23, 2025                                               Participant
                                   Studio Kompas TV
AEI                                02 Juni 2025                  1                  2         Peserta                           0
                                   June 02, 2025                                              Participant
                                   Hotel Indonesia
                                   Kempinski
Intiland                           04 Juni 2025                              1      1         Moderator                         0
                                   June 04, 2025                                              Moderator
                                   Intiland Tower Jakarta




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         Peserta                                                     Nama Kegiatan                                              Jenis
       Participants                                                    Activities                                               Types



 Sekretaris               Sosialisasi Fasilitas Perpajakan dan OSS                                                          Sosialisasi
 Perusahaan               Socialization of Tax Facilities and OSS                                                           Dissemination
 Corporate Secretary

 Sekretaris               Dialog Pasar Modal “Memanfaatkan Peluang di Tengah Perubahan Kebijakan Global”                    Seminar
 Perusahaan               Capital Market Dialog “Seizing Opportunities Amid Global Policy Shifts”                           Seminar
 Corporate Secretary
 Sekretaris               Seminar Emiten 2025: Menghadapi Dinamika Global Ketahanan Sistem Ekonomi dan                      Seminar
 Perusahaan               Keuangan Indonesia                                                                                Seminar
 Corporate Secretary      Seminar Emiten 2025: Navigating Global Dynamics The Resilience of Indonesia’s Economic and
                          Financial Systems
 Sekretaris               Sosialisasi Narrating The Future Harmony of Tech & Nature in Nusantara                            Sosialisasi
 Perusahaan               Dissemination of Narrating The Future Harmony of Tech & Nature in Nusantara                       Dissemination
 Corporate Secretary
 Sekretaris               Sosialisasi Program IDX Net Zero Incubator 2025                                                   Sosialisasi
 Perusahaan               Dissemination Program IDX Net Zero Incubator 2025                                                 Dissemination
 Corporate Secretary
 Sekretaris               Penerapan dan Pemahaman POJK Nomor 14 Tahun 2025 Tentang Pelaksanaan RUPS, RUPO dan               Sosialisasi
 Perusahaan               RUPSu secara Elektronik                                                                           Dissemination
 Corporate Secretary      Implementation and Understanding of POJK Number 14 of 2025 concerning the
                          Implementation of Electronic GMS, GMSO, and EGMS
 Sekretaris               Risk & Governance Summit 2025                                                                     Seminar
 Perusahaan               Konferensi Risiko & Tata Kelola 2025                                                              Seminar
 Corporate Secretary
 Sekretaris               GHG Protocol in Practice: Menguasai Strategi Penghitungan Emisi Mandiri Perusahaan Secara         Webinar
 Perusahaan               Akurat                                                                                            Webinar
 Corporate Secretary      GHG Protocol in Practice: Mastering Accurate Corporate Self-Reporting Emission Calculation
                          Strategies
 Sekretaris               POJK Nomor 14 Tahun 2025 Tentang Pelaksanaan RUPS, RUPO dan RUPSu secara Elektronik               Sosialisasi
 Perusahaan               POJK Number 14 of 2025 concerning the Implementation of Electronic GMS, EGMS, and EGM             Dissemination
 Corporate Secretary
 Sekretaris               SEOJK Nomor 10/SEOJK.04/2025 tentang penyampaian laporan kepemilikan atau setiap                  Sosialisasi
 Perusahaan               perubahan kepemilikan saham perusahaan terbuka dan laporan aktivitas menjaminkan saham            Dissemination
 Corporate Secretary      Perusahaan terbuka secara elektronik
                          SEOJK Number 10/SEOJK.04/2025 concerning the submission of reports on ownership or any
                          changes in ownership of publicly listed companies and reports on activities related to publicly
                          listed companies' share pledges electronically.
 Sekretaris               Sosialisasi dan Pengisian Checklist TKBI – BCA                                                    Sosialisasi
 Perusahaan               Dissemination and Filling Out the TKBI Checklist – BCA                                            Dissemination
 Corporate Secretary
 Sekretaris               GRI 102 & GRI 103: Climate Change and Energy Topic Standards                                      Webinar
 Perusahaan               GRI 102 & GRI 103: Standar Topik Perubahan Iklim dan Energi                                       Webinar
 Corporate Secretary
 Sekretaris               Sosialisasi Kredit Program Perumahan (KUR Perumahan)                                              Sosialisasi
 Perusahaan               Socialization of Housing Credit Programs (KUR Perumahan)                                          Dissemination
 Corporate Secretary

 Sekretaris               Konferensi Tahunan 2025 Mengoptimalkan Potensi Hubungan Masyarakat: Menghadapi                    Konferensi
 Perusahaan               Tantangan CCO di Dunia yang Dinamis                                                               Conference
 Corporate Secretary      Annual Conference 2025 Unlocking The Potential of Public Relations: Navigating CCO's
                          Challenges in Disruptive World

 Sekretaris               Ringkasan Eksekutif KII “Mendorong Transformasi Perusahaan untuk Pertumbuhan dan                  Seminar
 Perusahaan               Ketahanan”                                                                                        Seminar
 Corporate Secretary      KII Executive Brief "Driving Company Transformation for Growth and Resilience

 Sekretaris               Perkembangan Terkini seputar BUMN Indonesia                                                       Webinar
 Perusahaan               Webinar On The Latest Developments Surrounding Indonesia SOEs                                     Webinar
 Corporate Secretary




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                                                        Jumlah Peserta
                                                          Number of           Durasi
           Penyelenggara           Waktu & Tempat         Participant         (jam)           Kapasitas        Investasi
             Organizers            Time and Venue                            Duration         Capacity        Investment
                                                        L          P          (hour)
                                                        M          W
Otoritas Ibu Kota Nusantara    05 Juni 2025                              1      3         Peserta                           0
(OIKN)                         June 05, 2025                                              Participant
The Nusantara Capital          Menara Mandiri Tower
Authority
BEI                            17 Juni 2025                  1                  2         Peserta                           0
                               June 17, 2025                                              Participant
                               Mainhall BEI
Kustodian Sentral Efek         08 Juli 2025                  1           1      3         Peserta                           0
Indonesia (KSEI)               July 08, 2025                                              Participant
The Central Securities         Hotel Ritz Carlton
Depository.
OIKN                           28 Juli 2025                              1      3         Peserta                           0
                               July 28, 2025                                              Participant
                               Menara Mandiri Tower
BEI                            28 Juli 2025                  1                  3         Peserta                           0
                               July 28, 2025                                              Participant
                               Zoom Meeting
AEI                            31 Juli 2025                  1                  2         Peserta                           0
                               July 31, 2025                                              Participant
                               Zoom Meeting

OJK                            19 Agustus 2025               1                  2         Peserta                           0
                               August 19, 2025                                            Participant
                               Balai Kartini
AEI                            20 Agustus 2025              2                   2         Peserta                           0
                               August 20, 2025                                            Participant
                               Zoom Meeting

OJK                            26 Agustus 2025               1                  2         Peserta                           0
                               August 26, 2025                                            Participant
                               Zoom Meeting
OJK                            28 Agustus 2025               1                  2’        Peserta                           0
                               August 28, 2025                                            Participant
                               Zoom Meeting




Bank Central Asia              01 September 2025            2                   2         Peserta                           0
                               September 01, 2025                                         Participant
                               Zoom Meeting
GRI, BEI                       03 September 2025             1                  2         Peserta                           0
                               September 03, 2025                                         Participant
                               Zoom Meeting
KADIN                          08 September 2025                         1      3         Peserta                           0
                               September 08, 2025                                         Participant
                               Wisma Danantara
                               Indonesia
Ega's Briefings                10-11 September 2025                      1      3         Narasumber                        0
                               September 10-11, 2025                                      Speaker
                               Hotel Intercontinental
                               Bali

KADIN                          15 September 2025                         1      3         Peserta                           0
                               September 15, 2025                                         Participant
                               Menara KADIN

Asosiasi Pasar Pinjaman Asia   17 September 2025                         1      1         Peserta                           0
Pasifik (APLMA)                September 17, 2025                                         Participant
The Asia Pacific Loan Market   Zoom Meeting
Association




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         Peserta                                                  Nama Kegiatan                                               Jenis
       Participants                                                 Activities                                                Types



 Sekretaris               Lokakaryan tentang Standar Keberlanjutan IFRS                                                  Lokakarya
 Perusahaan               Workshop on IFRS Sustainability Standards                                                      Workshop
 Corporate Secretary
 Sekretaris               Pengantar Hubungan Investor                                                                    Seminar
 Perusahaan               Introductory to Investor Relations                                                             Seminar
 Corporate Secretary
 Sekretaris               Beyond the Deal: Navigasi Strategi Merger dan Akusisi, serta Kepatuhan Regulasi Persaingan     Seminar
 Perusahaan               Usaha bagi Pertumbuhan yang lebih inklusif                                                     Seminar
 Corporate Secretary      Beyond the Deal: Navigating Merger and Acquisition Strategies and Competition Regulation
                          Compliance for More Inclusive Growth
 Sekretaris               Kajian Real Demand Survey atas Lokasi Rumah Susun                                              FGD
 Perusahaan               Real Demand Survey Study on Apartment Locations                                                Focuss Group
 Corporate Secretary                                                                                                     Discussion
 Sekretaris               Redefining CFO Leadership Sustainability As a Financial Imperative: Mempersiapkan CFO          Seminar
 Perusahaan               Properti Menghadapi Transisi Net Zero dan Regulasi Emisi                                       Seminar
 Corporate Secretary      Redefining CFO Leadership Sustainability as a Financial Imperative: Preparing Property CFOs
                          for the Net Zero Transition and Emissions Regulations
 Sekretaris               Sosialisasi Pernyataan Standar Pengungkapan Keberlanjutan (PSPK 1 dan PSPK 2)                  Sosialisasi
 Perusahaan               Socialization of Sustainability Disclosure Standards (PSPK 1 and PSPK 2)                       Dissemination
 Corporate Secretary
 Sekretaris               Aging Industry Conference 2025 - Asosiasi Senior Living Indonesia                              Konferensi
 Perusahaan               Aging Industry Conference 2025 - Indonesian Senior Living Association                          Conference
 Corporate Secretary

 Sekretaris               Forum CEO Kompas 100: CEO Insight                                                              Seminar
 Perusahaan               Kompas 100 CEO Forum: CEO Insight                                                              Seminar
 Corporate Secretary
 Sekretaris               Workshop Go Public “Pendanaan Strategis dengan Sukuk: Persiapan untuk Peluang 2026”            Lokakarya
 Perusahaan               Go Public Workshop “Strategic Funding with Sukuk: Preparing for 2026 Opportunities”            Workshop
 Corporate Secretary



 Sekretaris               Diskusi Optimalisasi Implementasi KPBU dan Peluang Sinergi Dunia Usaha                         FGD
 Perusahaan               Discussion on Optimizing KPBU Implementation and Opportunities for Business Synergy            Focuss Group
 Corporate Secretary                                                                                                     Discussion
 Sekretaris               Diskusi Panel Rated for Growth: Rating, Reputasi, dan Daya Saing Emiten di Era Keberlanjutan   Seminar
 Perusahaan               Panel Discussion Rated for Growth: Rating, Reputation, and Competitiveness of Issuers in the   Seminar
 Corporate Secretary      Era of Sustainability

 Sekretaris               Membongkar dan Menerapkan Jalur Perdagangan Bilateral Indonesia - Kanada CEPA (ICA-            Seminar
 Perusahaan               CEPA)                                                                                          Seminar
 Corporate Secretary      Unpacking and Implementing Bilateral Trade Pathways Indonesia - Canada CEPA (ICA-CEPA)

 Sekretaris               Sosialisasi Permen PKP No. 4 Tahun 2025                                                        Sosialisasi
 Perusahaan               Socialization of PKP Regulation No. 4 of 2025                                                  Seminar
 Corporate Secretary
 Sekretaris               Proyek Investasi Siap Ditawarkan (IPRO) Pemerintah Provinsi DKI Jakarta Dinas Penanaman        Seminar
 Perusahaan               Modal dan Pelayanan Terpadu Satu Pintu (DPMPTSP)                                               Seminar
 Corporate Secretary      Investment Project Ready to Offer (IPRO) Pemprov DKI Jakarta DPMPTSP

 Sekretaris               Forum Keberlanjutan & ESG ACCA Indonesia: “Keuangan Berkelanjutan & Investasi Hijau:           Seminar
 Perusahaan               Membuka Peluang dalam Ekonomi Transisi Indonesia”                                              Seminar
 Corporate Secretary      ACCA Indonesia Sustainability & ESG Forum: “Sustainable Finance & Green Investment:
                          Unlocking Opportunities in Indonesia’s Transition Economy”

 Sekretaris               Diseminasi Penyempurnaan dan Pemanfaatan KBLI 2025                                             Sosialisasi
 Perusahaan               Dissemination of Improvements and Utilization of KBLI 2025                                     Dissemination
 Corporate Secretary




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                                                                                                                      Profil Perusahaan
                                                                                                                      Company Profile




                                                               Jumlah Peserta
                                                                 Number of           Durasi
           Penyelenggara               Waktu & Tempat            Participant         (jam)           Kapasitas        Investasi
             Organizers                Time and Venue                               Duration         Capacity        Investment
                                                               L          P          (hour)
                                                               M          W
BEI                                23 September 2025                1                  2         Peserta                           0
                                   September 23, 2025                                            Participant
                                   Zoom Meeting
BEI                                25 September 2025                1                  2         Peserta                           0
                                   September 25, 2025                                            Participant
                                   Mainhall BEI
AEI                                06 Oktober 2025                 2                   2         Peserta                           0
                                   October 06, 2025                                              Participant
                                   Bursa Efek Indonesia
                                   Indonesia Stock Exchange
Universitas Indonesia              10 Oktober 2025                  1           1      5         Peserta                           0
                                   October 10, 2025                                              Participant
                                   Kampus UI Salemba
KADIN, Asosiasi Pengusaha          16 Oktober 2025                 2            1      3         Peserta                           0
Indonesia (APINDO) & GRI           October 16, 2025                                              Participant
KADIN, The Indonesian              Ruang Serbaguna
Employers' Association & GRI       APINDO
BEI, IAI                           29 Oktober 2025                  1                  2         Peserta                           0
                                   October 29, 2025                                              Participant
                                   Zoom Meeting
Asosiasi Senior Living Indonesia   30 Oktober 2025                              1      7         Peserta                           0
The Indonesian Senior Living       October 30, 2025                                              Participant
Association.                       Rukun Senior Living
                                   Sentul
Kompas                             04 November 2025                             1      4         Peserta                           0
                                   November 04, 2025                                             Participant
                                   Hutan Kota Plataran
BEI, PT Kliring Penjaminan Efek    05 November 2025                 1                  2         Peserta                           0
Indonesia (KPEI) & KSEI            November 05, 2025                                             Participant
IDX, The Indonesian Clearing       Mainhall BEI
and Guarantee Corporation, &
KSEI.
KADIN                              06 November 2025                             1      2         Peserta                           0
                                   November 06, 2025                                             Participant
                                   Menara KADIN
AEI & PT Peringkat Efek            07 November 2025                 1                  2         Peserta                           0
Indonesia (Pefindo)                November 07, 2025                                             Participant
IDX & The Credit Rating            Mainhall BEI
Indonesia
KADIN                              19 November 2025                             1      3         Peserta                           0
                                   November 19, 2025                                             Participant
                                   Hotel Four Season Jakarta

Intiland                           27 November 2025                2            1      2         Peserta                           0
                                   November 27, 2025                                             Participant
                                   Intiland Tower
Pemeritah Provinsi DKI Jakarta     02 Desember 2025                             1      4         Peserta                           0
DKI Jakarta Provincial             December 02, 2025                                             Participant
Government                         Lune Ballroom Movenpick
                                   Hotel
The Association of Chartered       02 Desember 2025                 1                  2         Peserta                           0
Certified Accountants & BEI        December 02, 2025                                             Participant
                                   Bursa Efek Indonesia
                                   The Indonesia Stock
                                   Exchange
Kementerian Koordinator            05 Desember 2025                 1                  2         Peserta                           0
Perekonomian & Badan Pusat         December 05, 2025 |                                           Participant
Statistik (BPS)                    Zoom Meeting
The Coordinating Ministry
for Economic Affairs & The
Statistics Indonesia



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Profil Perusahaan
Company Profile




         Peserta                                                   Nama Kegiatan                                                 Jenis
       Participants                                                  Activities                                                  Types



 Sekretaris               Proses Bisnis Initial Public Offering (IPO) dan Dampak Perpajakannya                              Webinar
 Perusahaan               The Initial Public Offering (IPO) Business Process and Its Tax Implications                       Webinar
 Corporate Secretary

 Sekretaris               Peringatan HUT Asosiasi Emiten Indonesia ke-37: Transforming Together for a Stronger              Seminar
 Perusahaan               Tomorrow                                                                                          Seminar
 Corporate Secretary      Commemoration of the 37th Anniversary of the Indonesian Issuers Association: Transforming
                          Together for a Stronger Tomorrow
 Sekretaris               Sosialisasi Penggunaan Sistem eASY.KSEI untuk Pelaksanaan Rapat Umum Pemegang Obligasi            Sosialisasi
 Perusahaan               dan Rapat Umum Pemegang Sukuk secara elektronik (eRUPO dan eRUPSu)                                Dissemination
 Corporate Secretary      Dissemination of the Use of the eASY.KSEI System for the Implementation of Electronic General
                          Meetings of Bondholders and Sukuk Holders (eRUPO and eRUPSu)
 Sekretaris               Sosialisasi Regulasi dan Sistem Pelaporan Perubahan Kepemilikan Saham                             Sosialisasi
 Perusahaan               Socialization of Regulations and Reporting System for Changes in Share Ownership                  Dissemination
 Corporate Secretary
 Audit Internal           Risk & Governance Summit 2025                                                                     Konferensi
 Internal Audit           Konferensi Risiko & Tata Kelola 2025                                                              Conference




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                                                                                                       Profil Perusahaan
                                                                                                       Company Profile




                                                    Jumlah Peserta
                                                      Number of       Durasi
        Penyelenggara              Waktu & Tempat     Participant     (jam)           Kapasitas        Investasi
          Organizers               Time and Venue                    Duration         Capacity        Investment
                                                    L          P      (hour)
                                                    M          W
AEI & Ikatan Konsultan Pajak   10 Desember 2025          1              2         Peserta                           0
Indonesia                      December 10, 2025                                  Participant
AEI & The Indonesian Tax       Zoom Meeting
Consultants Association
AEI                            12 Desember 2025          1              2         Peserta                           0
                               December 12, 2025                                  Participant
                               Mainhall BEI

KSEI                           17 Desember 2025          1              2         Peserta                           0
                               December 17, 2025                                  Participant
                               Zoom Meeting

OJK                            19 Desember 2025          1              2         Peserta                           0
                               December 19, 2025                                  Participant
                               Zoom Meeting
OJK                            19 Agustus 2025           1              2         Peserta                           0
                               August 19, 2025                                    Participant
                               Jakarta




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Management Discussion and Analysis




03
PROFIL PERUSAHAAN
COMPANY PROFILE




04
ANALISIS & PEMBAHASAN
MANAJEMEN
MANAGEMENT DISCUSSION
AND ANALYSIS




05
TATA KELOLA PERUSAHAAN YANG BAIK
GOOD CORPORATE GOVERNANCE




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                                            Analisis dan Pembahasan Manajemen
                                            Management Discussion and Analysis




                                                         Regatta, Jakarta

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Management Discussion and Analysis




TINJAUAN BISNIS
BUSINESS OUTLOOK

Dasar yang digunakan dalam melakukan analisis dan                    The basis used in preparing this management analysis and
pembahasan manajemen ini adalah informasi dari Laporan               discussion is information derived from the Consolidated
Keuangan Konsolidasian PT Intiland Development Tbk dan               Financial Statements of PT Intiland Development Tbk and
Entitas Anak untuk periode 31 Desember 2025 dan 2024                 its Subsidiaries for the periods ended December 31, 2025
yang telah diaudit oleh Kantor Akuntan Publik Mirawati               and 2024, which have been audited by Public Accounting
Sensi Idris, member independen dari Moore Global Network             Firm Mirawati Sensi Idris, an independent member of Moore
Limited dan telah memperoleh pendapat wajar dalam                    Global Network Limited, and have received an unqualified
semua hal yang material sesuai dengan Standar Akuntansi              opinion in all material respects in accordance with the
Keuangan di Indonesia.                                               Financial Accounting Standards in Indonesia.




TINJAUAN OPERASIONAL
OPERATION OUTLOOK

Dinamika perekonomian global sepanjang tahun 2025                    The global economic landscape throughout 2025 continued
masih diwarnai oleh tingkat ketidakpastian yang tinggi,              to be characterized by a high level of uncertainty, driven by
dipengaruhi oleh berlanjutnya ketegangan geopolitik,                 ongoing geopolitical tensions, global trade fragmentation,
fragmentasi       perdagangan        global,   serta   perlambatan   and slowing economic growth in several advanced
pertumbuhan ekonomi di sejumlah negara maju. Terjadinya              economies. Armed conflicts and escalating security tensions
perang dan meningkatnya eskalasi keamanan di kawasan                 in the Middle East have created ripple effects across various
timur tengah membawa efek domino ke sejumlah aspek                   critical aspects, including the economy, politics, and regional
penting, mulai dari ekonomi, politik, dan stabilitas kawasan.        stability. These conditions have affected business and
Kondisi ini memengaruhi sentimen pelaku usaha dan                    investor sentiment globally, particularly in sectors sensitive
investor secara global, terutama pada sektor-sektor yang             to economic cycles, including the property industry, which
sensitif terhadap siklus ekonomi, termasuk industri properti,        is highly influenced by medium- to long-term investment
yang sangat dipengaruhi oleh keputusan investasi jangka              decisions.
menengah dan panjang.


Di tengah tantangan global tersebut, perekonomian                    Amid these global challenges, Indonesia’s economy in
Indonesia tahun 2025 tetap menunjukkan ketahanan yang                2025 continued to demonstrate relatively strong resilience.
relatif baik. Menurut laporan Badan Pusat Statistik (BPS),           According to data from Statistics Indonesia (BPS), national
pertumbuhan ekonomi nasional tahun 2025 secara konsisten             economic growth in 2025 was consistently maintained
terjaga di kisaran 5,11% dengan pengendalian inflasi yang            at approximately 5.11%, with inflation well controlled at
cukup baik pada kisaran 2,92%. Secara umum stabilitas                around 2.92%. Overall, financial system stability remained
sistem keuangan tetap kuat. Sinergi kebijakan antara                 solid. Policy coordination between the Government and
Pemerintah dan lembaga terkait berperan penting dalam                relevant institutions played a significant role in maintaining
menjaga stabilitas makroekonomi dan kesinambungan                    macroeconomic stability and sustaining national economic
pertumbuhan ekonomi nasional, meskipun pemulihan                     growth, although the recovery remained gradual and uneven
berlangsung secara bertahap dan belum merata di seluruh              across sectors.
sektor.




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                                                                                               Management Discussion and Analysis




Bagi sektor properti, kondisi makroekonomi yang relatif       For the property sector, relatively stable macroeconomic
stabil dengan tingkat pertumbuhan ekonomi yang moderat        conditions with moderate economic growth provided an
memberikan landasan penting bagi keberlangsungan              important foundation for business continuity. Nevertheless,
aktivitas usaha. Kendati demikian, Perseroan mencermati       the Company observed that market participants remained
bahwa kehati-hatian pelaku pasar masih tinggi, tercermin      cautious, as reflected in increasingly selective behavior
dari perilaku konsumen dan investor yang semakin selektif     among consumers and investors in making decisions.
dalam mengambil keputusan. Strategi operasional di            Operational strategies in the property sector therefore
sektor properti perlu difokuskan pada pengelolaan risiko,     need to focus on risk management, optimization of existing
optimalisasi aset yang telah ada, serta penyesuaian           assets, and alignment of project development with demand
pengembangan proyek sesuai dengan dinamika permintaan         dynamics across each segment.
di masing-masing segmen.


Dukungan kebijakan pemerintah turut memengaruhi               Government policy support also influenced the dynamics
dinamika industri properti sepanjang tahun 2025, antara       of the property industry throughout 2025, including the
lain melalui perpanjangan insentif Pajak Pertambahan          extension of the 100% Government-Borne Value Added Tax
Nilai Ditanggung Pemerintah (PPN DTP) 100% hingga 31          (VAT DTP) incentive until December 31, 2026, for certain
Desember 2026 untuk pembelian hunian dengan kriteria          housing purchases, as well as the exemption of Land and
tertentu, serta penghapusan Bea Perolehan Hak atas            Building Acquisition Duty (BPHTB) and Building Approval
Tanah dan Bangunan (BPHTB) dan retribusi Persetujuan          (PBG) fees for Low-Income Communities (MBR), which
Bangunan Gedung (PBG) bagi Masyarakat Berpenghasilan          became effective at the beginning of 2025. These policy
Rendah (MBR) yang berlaku efektif sejak awal tahun 2025.      stimuli supported housing affordability and helped maintain
Berbagai stimulus kebijakan ini memberikan dukungan           demand momentum, particularly in the residential segment.
terhadap keterjangkauan hunian dan membantu menjaga
momentum permintaan, khususnya di segmen residensial.


Sejalan dengan kondisi tersebut, Intiland memosisikan tahun   In line with these conditions, Intiland positioned 2025
2025 sebagai fase konsolidasi dan penguatan fundamental       as a phase of consolidation and strengthening of
operasional. Fokus strategi diarahkan pada penyelesaian       operational fundamentals. Strategic focus was directed
berbagai isu historis, penguatan keuangan, peningkatan        toward resolving historical issues, strengthening financial
mutu pengelolaan dan pengembangan proyek, serta               conditions, improving the quality of project management
menyiapkan fondasi usaha yang lebih solid sebagai dasar       and development, and establishing a more solid business
untuk mendorong pertumbuhan pada periode selanjutnya.         foundation to support growth in subsequent periods.


Dalam aspek operasional, Perseroan memfokuskan strategi       From an operational perspective, the Company focused its
pada optimalisasi aset yang telah ada guna meningkatkan       strategy on optimizing existing assets to increase recurring
pendapatan berulang, termasuk dari aset-aset properti         income, including from leased properties and supporting
yang disewakan dan fasilitas pendukung yang dimiliki.         facilities. This strategy was implemented through an
Strategi ini dijalankan melalui pendekatan yang efisien       efficient approach in terms of funding requirements and
dari sisi kebutuhan pendanaan, belanja modal dengan           capital expenditure, prioritizing enhanced asset utilization
mengedepankan peningkatan pemanfaatan aset serta              and management to generate more optimal returns.
pengelolaan yang memberikan imbal hasil lebih optimal.


Di tahun 2025, Perseroan secara konsisten mengevaluasi        In   2025,   the   Company   consistently     evaluated       the
potensi pengembangan portofolio aset dan cadangan lahan       development potential of its asset portfolio and landbank,
yang dimiliki, termasuk melalui skema kerja sama strategis    including through strategic partnerships with partners.
dengan mitra. Kebijakan ini bertujuan untuk mempercepat       This policy aims to accelerate asset monetization, optimize
monetisasi aset, mengoptimalkan nilai pengembangan,           development value, and maintain flexibility in responding to
serta menjaga fleksibilitas dalam merespons dinamika pasar    property market dynamics.
properti.




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Pada      aspek      diferensiasi    produk,   Perseroan    tetap   In terms of product differentiation, the Company continued
memfokuskan pengembangan pada segmen kawasan                        to focus development on the upper-middle residential
perumahan          menengah-atas        yang   sejalan     dengan   segment, in line with the characteristics of its portfolio.
karakteristik portofolio Perseroan. Sejumlah proyek kawasan         Several residential projects currently under development
perumahan yang masih dalam tahap pengembangan antara                include Sakha Semanan, 1Park Homes, and Regatta Residence
lain Sakha Semanan, 1Park Homes, dan Regatta Residence              in Jakarta; Talaga Bestari in Tangerang; as well as Graha
di Jakarta, Talaga Bestari di Tangerang, serta Graha Natura,        Natura, Tierra Residence, and Amesta Living in Surabaya.
Tierra Residence, dan Amesta Living di Surabaya.


Pada segmen properti high-rise, investasi pengembangan              In the high-rise property segment, development investments
dilakukan lebih selektif dengan mempertimbangkan kondisi            were carried out more selectively by considering market
permintaan pasar, sembari tetap mempersiapkan rencana               demand conditions, while continuing to prepare project
pengembangan proyek agar siap merespons pemulihan                   development plans to respond to future market recovery.
pasar di masa mendatang. Pengembangan kawasan industri              The development of industrial estates and business activity-
dan properti berbasis aktivitas usaha masih menjadi salah           based properties remained one of the Company’s key drivers
satu andalan untuk menciptakan pertumbuhan kinerja                  for long-term business growth. The Company currently has
usaha secara jangka panjang. Perseroan saat ini memiliki            two industrial estate portfolios, namely Batang Industrial
dua portofolio proyek kawasan industri yakni Batang                 Park in Central Java and Ngoro Industrial Park in Mojokerto,
Industrial Park di Jawa Tengah dan Ngoro Industrial Park di         East Java, as well as an integrated warehouse area, Aeropolis
Mojokerto, Jawa Timur, serta satu kawasan pergudangan               Techno Park in Tangerang.
terpadu Aeropolis Techno Park di Tangerang.


Kebijakan Perseroan mengenai kegiatan operasional masih             The Company’s operational policy continues to prioritize
memprioritaskan penguatan eksekusi dari proyek-proyek               strengthening the execution of existing projects and
yang sudah ada serta meningkatkan efektivitas pengelolaan           enhancing the effectiveness of operational management
operasional di seluruh lini usaha. Strategi ini dijalankan          across all business lines. This strategy is implemented through
melalui optimalisasi proses perencanaan dan pengendalian            optimization of project planning and control processes, more
proyek, pengelolaan biaya secara lebih bijak, serta                 prudent cost management, and improvements in operational
peningkatan mutu tata kelola operasional guna menjaga               governance to maintain performance sustainability and
keberlanjutan kinerja dan meminimalkan risiko operasional.          minimize operational risks.


Perseroan mencatatkan kinerja penjualan yang cukup stabil           The Company recorded relatively stable sales performance
di tahun 2025 dengan perolehan marketing sales Rp1,61               in 2025, with marketing sales of Rp1.61 trillion compared to
triliun dibandingkan Rp1,64 triliun di tahun 2024. Pencapaian       Rp1.64 trillion in 2024. This achievement represents 80.4% of
tersebut setara 80,4% dari target di awal tahun sebesar Rp2         the initial target of Rp2 trillion. The extension of the 100%
triliun. Perpanjangan periode pemberian insentif Pajak              Government-Borne VAT (VAT DTP) incentive also supported
Pertambahan Nilai Ditanggung Pemerintah (PPN DTP) 100%              the Company’s sales performance. Sales generated through
turut menopang kinerja penjualan Perseroan. Nilai penjualan         this policy stimulus reached Rp214.2 billion, contributing
Perseroan dengan memanfaatkan stimulus kebijakan ini                13.3% of total marketing sales. The residential segment
mencapai Rp214,2 miliar, atau memberikan kontribusi                 contributed the largest portion of marketing sales at Rp830.8
13,3% dari keseluruhan. Penjualan dari segmen perumahan             billion, followed by the industrial estate segment at Rp638.2
tercatat memberikan kontribusi marketing sales terbesar             billion, and the mixed-use & high-rise segment at Rp138.7
mencapai Rp830,8 miliar, disusul segmen pengembangan                billion.
kawasan industri sebesar Rp638,2 miliar, dan segmen mixed
use & high-rise Rp138,7 miliar




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                                                                                                   Analisis dan Pembahasan Manajemen
                                                                                                   Management Discussion and Analysis




TINJAUAN SEGMEN USAHA
BUSINESS SEGMENT OVERVIEW

Intiland memiliki fokus pada empat segmen pengembangan         Intiland focuses on four property segments, including (1)
properti, meliputi, (1) mixed-use & high-rise, (2) kawasan     mixed-use & high-rise, (2) residential estates, (3) industrial
perumahan, (3) kawasan industri, dan (4) properti investasi.   estates, and (4) investment properties. These four property
Keempat segmen pengembangan properti ini menjadi               development segments are the main sources of the
sumber pendapatan usaha utama yang meliputi pendapatan         company's revenue, including development income and
dari pengembangan dan pendapatan berulang. Diversifikasi       recurring income. The diversification of these development
segmen pengembangan memberikan keuntungan dan                  segments provides advantages and added value to the
nilai tambah bagi Perseroan serta sebagai strategi untuk       Company, serving as a strategy for risk management.
pengelolaan risiko.




MIXED-USED & HIGH RISE
MIXED-USED & HIGH RISE

Mixed-use & high-rise merupakan segmen pengembangan            Mixed-use & high-rise is an integrated development segment
kawasan terpadu yang mencakup berbagai jenis properti,         that comprises various types of properties, including
antara lain apartemen, perkantoran, ritel, dan hotel.          apartments, office buildings, retail spaces, and hotels.
Segmen ini menjadi salah satu fokus pengembangan utama         This segment represents one of the Company’s primary
Perseroan dengan mempertimbangkan peran pentingnya             development focuses, given its important role in shaping
dalam membentuk kawasan terintegrasi yang mendukung            integrated areas that support business activities and urban
aktivitas usaha dan gaya hidup urban di wilayah perkotaan.     lifestyles in metropolitan areas.


Hingga tahun 2025, Perseroan mengelola 13 proyek mixed-        As of 2025, the Company manages 13 mixed-use & high-
use & high-rise yang tersebar di Jakarta, Tangerang, dan       rise projects located in Jakarta, Tangerang, and Surabaya. In
Surabaya. Di wilayah Jakarta dan Tangerang, proyek-proyek      Jakarta and Tangerang, the projects include South Quarter,
yang dikembangkan meliputi South Quarter, SQ Rés, Fifty        SQ Rés, Fifty Seven Promenade, 1Park Avenue, Regatta, and
Seven Promenade, 1Park Avenue, Regatta, dan Aeropolis.         Aeropolis. Meanwhile, in Surabaya, the Company develops
Sementara itu, di Surabaya, Perseroan mengembangkan            projects such as Spazio, Spazio Tower, Praxis, Sumatra36,
proyek Spazio, Spazio Tower, Praxis, Sumatra36, Graha Golf,    Graha Golf, The Rosebay, and Tierra.
The Rosebay, dan Tierra.

Proses Produksi                                                Production Process
Proses produksi untuk pengembangan proyek mixed-               The production process for the development of mixed-use &
use & high-rise dimulai dari tahapan studi kelayakan.          high-rise projects begins with the feasibility study stage. The
Perseroan mengkaji berbagai aspek untuk memastikan             Company assesses various aspects to ensure that the projects
bahwa proyek yang akan dikembangkan layak secara teknis,       to be developed are feasible from technical, financial, and
finansial, dan pasar. Setelah melalui kajian mendalam,         market perspectives. Following a comprehensive evaluation,
Perseroan mengakuisisi lahan di lokasi yang strategis          the Company acquires land in strategic locations to be
untuk dikembangkan sesuai dengan hasil studi yang telah        developed in accordance with the results of the studies
dilakukan.                                                     conducted.




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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis




Pada tahapan berikutnya, Perseroan menunjuk konsultan               At   the   subsequent      stage,   the   Company     appoints
dan kontraktor untuk membantu penyusunan perencanaan                consultants and contractors to assist in preparing the
teknis dan desain pengembangan proyek, termasuk                     technical planning and development design of the project,
penyusunan rencana induk. Secara paralel, Perseroan                 including the preparation of the master plan. In parallel,
memproses perizinan yang diperlukan guna mendukung                  the Company processes the required permits to support the
pelaksanaan pembangunan proyek sesuai dengan peraturan              implementation of project construction in accordance with
yang berlaku.                                                       applicable regulations.


Setelah kesiapan desain dan perizinan terpenuhi, Perseroan          Once design readiness and permitting requirements have
melaksanakan pembangunan proyek secara bertahap                     been fulfilled, the Company carries out project construction
dan     menjalankan         aktivitas    pemasaran.   Pelaksanaan   in phases and undertakes marketing activities. The
pembangunan            dilakukan        sesuai   dengan   rencana   construction process is implemented in accordance with the
pengembangan yang telah ditetapkan hingga seluruh                   established development plan until all construction works
pekerjaan konstruksi selesai.                                       are completed.


Setelah menyelesaikan proses pembangunan, Perseroan                 Upon completion of          the construction process, the
melakukan serah terima unit properti yang telah dijual              Company hands over the sold property units to the
kepada para pembeli. Selanjutnya, Perseroan melaksanakan            buyers. Subsequently, the Company carries out property
pengelolaan properti, termasuk serah terima fasilitas umum          management, including the handover of public and social
dan fasilitas sosial kepada Pemerintah, serta pengelolaan           facilities to the Government, as well as the management of
lingkungan kawasan yang pada tahap berikutnya akan                  the surrounding environment, which will later be handed
diserahterimakan kepada pengguna atau penghuni.                     over to the users or residents.

Pemasaran dan Penjualan                                             Marketing and Sales
Perseroan merumuskan strategi pemasaran untuk segmen                The Company formulates marketing strategies for the mixed-
pengembangan mixed-use & high-rise secara terarah, baik             use & high-rise development segment in a structured manner,
di tingkat korporat maupun pada masing-masing proyek.               both at the corporate level and for each individual project. To
Dalam mendukung perencanaan dan pelaksanaan aktivitas               support the planning and execution of marketing and sales
pemasaran dan penjualan, Perseroan secara selektif                  activities, the Company selectively engages external parties,
melibatkan pihak eksternal, seperti konsultan, termasuk             such as consultants, design development, advertising,
dalam pengembangan desain, iklan, materi promosi,                   promotional materials, production, and the organization of
produksi, hingga penyelenggaraan kegiatan pemasaran.                marketing activities. The Company also optimizes the use
Langkah lainnya adalah mengoptimalkan pemanfaatan                   of digital communication channels, including social media
kanal komunikasi digital melalui media sosial dan situs web         and websites, to reach relevant target markets in line with
untuk menjangkau target pasar yang relevan agar sejalan             evolving consumer behavior and preferences.
dengan perkembangan perilaku dan kebiasaan konsumen.


Perseroan mencermati di tahun 2025 pasar properti untuk             The Company observes that in 2025, the property market for
segmen mixed-use & high-rise, khususnya apartemen di                the mixed-use & high-rise segment, particularly apartments
Jakarta dan Surabaya masih melemah. Tingkat penjualan               in Jakarta and Surabaya, remained weak. Apartment unit
unit-unit apartemen relatif terbatas dengan aktivitas pasar         sales were relatively limited, with market activity occurring in
yang berlangsung sangat selektif. Penyerapan unit-unit              a highly selective manner. Property absorption was primarily
properti terutama ditopang oleh pembeli akhir (end users)           driven by end users, who tend to consider factors such as
yang cenderung mempertimbangkan faktor kepastian                    construction completion certainty, availability of supply, and
penyelesaian pembangunan, ketersediaan pasokan, serta               developer credibility in making purchasing decisions. These
kredibilitas pengembang dalam pengambilan keputusan                 conditions reflect a market that has not yet recovered, with
pembelian. Kondisi ini mencerminkan kondisi pasar yang              consumer purchasing interest remaining low.
belum pulih dan minat beli konsumen yang masih sangat
rendah




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                                                                                                  Management Discussion and Analysis




Menyikapi dinamika pasar tersebut, Perseroan menerapkan         In response to these market dynamics, the Company adopted
pendekatan yang lebih selektif dalam pengembangan dan           a more selective approach in the development and marketing
pemasaran proyek-proyek mixed-use & high-rise. Prioritas        of mixed-use & high-rise projects. The primary focus is on
utama adalah optimalisasi penjualan dan penyerapan              optimizing the sales and absorption of available property
unit-unit properti yang tersedia. Model pendekatan              units. This approach is implemented to align development
dilakukan untuk menyesuaikan strategi pengembangan              strategies with market demand conditions that remain
dengan dinamika permintaan pasar yang masih cenderung           relatively weak.
melemah.


Di tahun 2025, segmen pengembangan mixed-use & high-            In 2025, the mixed-use & high-rise development segment
rise mencatatkan kinerja penjualan (marketing sales)            recorded marketing sales of Rp138.7 billion, achieving
sebesar Rp138,7miliar, atau tercapai 31% dari target. Segmen    31% of the target. This segment contributed 8.6% to the
ini memberikan kontribusi sebesar 8,6% terhadap jumlah          Company’s total marketing sales of Rp1.607 trillion in 2025.
marketing sales    Perseroan tahun 2025 sebesar Rp1,607         This achievement was 28.2% lower compared to the 2024
triliun. Pencapaian ini lebih rendah 28,2% dibandingkan         realization of Rp193.2 billion. The largest contribution came
perolehan tahun 2024 sebesar Rp193,2 miliar. Kontribusi         from apartment unit sales in Jakarta, including Fifty Seven
terbesar berasal dari penjualan unit-unit apartemen di          Promenade, SQ Rés, 1Park Avenue, and Regatta, while in
Jakarta, antara lain Fifty Seven Promenade, SQ Rés, 1Park       Surabaya, contributions were derived from The Rosebay
Avenue dan Regatta, sementara di Surabaya berasal dari          project. The shortfall in achieving the sales target was
proyek The Rosebay. Belum tercapainya target penjualan          primarily due to weak consumer purchasing and investment
terutama disebabkan masih lemahnya minat beli dan               interest in apartment products throughout 2025.
investasi konsumen terhadap produk-produk apartemen di
sepanjang tahun 2025.


Sementara itu, dari sisi kinerja keuangan, pada tahun 2025      Meanwhile, from a financial performance perspective, in
segmen pengembangan mixed-use & high-rise membukukan            2025 the mixed-use & high-rise development segment
pendapatan usaha sebesar Rp222,3 miliar, atau menurun           recorded revenue of Rp222.3 billion, representing a decrease
40,2%   dibandingkan    perolehan      tahun   2024   sebesar   of 40,2% compared to Rp371.8 billion in 2024. Revenue
Rp371,8 miliar. Kontribusi pendapatan terutama berasal          contributions were mainly derived from the recognition of
dari pengakuan penjualan unit-unit apartemen yang telah         sales of apartment units that had reached the handover
memasuki tahap serah terima kepada konsumen seperti             stage to customers, including Fifty Seven Promenade, The
Fifty Seven Promenade, The Rosebay, SQ Rés, 1Park Avenue,       Rosebay, SQ Rés, 1Park Avenue, and Regatta, and Spazio.
Regatta, dan Spazio.

Pengembangan Masa Depan                                         Future Development
Selain proyek-proyek dalam pengembangan, Perseroan juga         In addition to the projects currently under development,
memiliki rencana untuk mengembangkan beberapa proyek            the Company also has plans to develop several other mixed-
mixed-use & high-rise lainnya dalam jangka menengah.            use & high-rise projects in the medium term. However, the
Namun demikian, pengembangan properti high-rise akan            development of high-rise properties will be carried out with
dilakukan dengan sangat hati-hati mempertimbangkan              great caution, taking into consideration market absorption
daya serap pasar dan preferensi konsumen. Perseroan masih       and consumer preferences. The Company will continue to
memlliki rencana untuk mengembangkan tahap-tahap                develop subsequent phases of the mixed-use & high-rise
berikutnya dari proyek-proyek mixed-use & high-rise saat ini,   projects that are currently under development, including
antara lain Fifty Seven Promenade di Jakarta, South Quarter,    Fifty Seven Promenade and South Quarter in Jakarta,
Aeropolis di Tangerang, dan Tierra di Surabaya.                 Aeropolis in Tangerang, and Tierra in Surabaya.




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Kapasitas dan Pengembangan Mixed-Use & High Rise
Capacity and Development of Mixed-Use & High Rise


                                                              South Quarter


    Deskripsi
    Description
    South Quarter (SQ) adalah pengembangan mixed-use & high-rise yang rancangannya menerapkan kaidah-kaidah gedung hijau,
    sehingga menawarkan nilai tambah seperti efisiensi energi dan penghematan biaya operasional. South Quarter terdiri dari tiga
    gedung perkantoran dan area ritel pendukung.
    South Quarter (SQ) is a mixed-use and high-rise development designed in accordance with green building principles, offering added
    value such as energy efficiency and operational cost savings. South Quarter consists of three office buildings and a supporting retail
    area.



             Kategori                             Lokasi                            Kepemilikan                            Okupansi
             Category                            Location                            Ownership                             Occupancy
      Pengelolaan kantor dan             Cilandak, Jakarta Selatan                      51%                                   92%
                ritel                     Cilandak, South Jakarta
         Offices and retail



    Kemudahan
    Amenities
    Ruang serbaguna, jaringan serat optic, ATM dan bank, pusat kebugaran, kedai kopi, kantin, restoran, supermarket, shuttle bus, stasiun
    MRT Fatmawati dan Lebak Bulus, gerbang tol Pondok Pinang, dekat dengan pusat perbelanjaan (Cilandak Town Square, Pondok
    Indah Mall, One Belpark Mall, Cinere Bellevue), rumah sakit (Mayapada, Siloam), dan sekolah (HighScope Indonesia, Cikal, Singapore
    International School).
    Function hall, fiber optic network, ATM dan bank, sports center, coffee shop, canteen, restaurants, supermarket, shuttle bus, MRT
    station Fatmawati and Lebak Bulus, Pondok Pinang toll gate, near shopping centers (Cilandak Town Square, Pondok Indah Mall,
    One Belpark Mall, Cinere Bellevue) near hospitals (Mayapada, Siloam), and near schools (HighScope Indonesia, Cikal, Singapore
    International School).




                                                                     SQ Rés


    Deskripsi
    Description
    Apartemen SQ Rés adalah pengembangan di kawasan mixed-use & high-rise terpadu South Quarter. Apartemen SQ Rés diluncurkan
    untuk memenuhi kebutuhan hunian strategis bagi masyarakat urban yang dinamis. Pengembangan apartemen ini mengusung tema
    “Oasis in the City,” yakni hunian bergaya resort modern yang dilengkapi berbagai fasilitas. SQ Rés terdiri dari dua menara apartemen
    dengan menyediakan sebanyak 700 unit berbagai tipe.
    SQ Rés Apartment is the latest development in the integrated mixed-use & high-rise South Quarter area. SQ Rés was launched to meet
    the demand for strategic housing for dynamic urban communities. This apartment development embraces the theme “Oasis in the
    City,” offering modern resort-style living with various facilities. SQ Rés consists of two apartment towers, offering a total of 700 units
    of various types.



               Lokasi                           Kepemilikan                        Luas Kawasan                            Progres
              Location                           Ownership                           Total Area                            Progress
      Cilandak, Jakarta Selatan                     51%                              1,3 hektare                  32,7% dari total unit telah
       Cilandak, South Jakarta                                                      1.3 hectares                      diserahterimakan
                                                                                                                   32.7% of the total units
                                                                                                                   have been handed over



    Kemudahan
    Amenities
    Jaringan serat optik, internet berkecepatan tinggi, koridor terbuka, area ritel, pusat kebugaran, aula, ruang rapat.
    Fiber optic network, high speed internet, open corridors, retail area, gym, auditorium, meeting room.




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                                                    Fifty Seven Promenade


 Deskripsi
 Description
 Fifty Seven Promenade adalah pengembangan mixed-use & high-rise di CBD Jakarta yang berkonsep waterfront living. Pembangunan
 Fifty Seven Promenade terdiri dari dua tahap; Fase 1 terdiri dari dua menara apartemen yang dilengkapi area ritel sebagai fasilitas
 pendukung. Fase 2 akan dibangun area komersial berupa gedung perkantoran.
 Fifty Seven Promenade is a mixed-use and high-rise development in the CBD of Jakarta, featuring a waterfront living concept. The
 construction of Fifty Seven Promenade consists of two phases; Phase 1 comprises two apartment towers equipped with retail areas as
 supporting facilities. Phase 2 will include a commercial area in the form of office buildings.



          Lokasi                            Kepemilikan                        Luas Kawasan                           Progres
         Location                            Ownership                           Total Area                           Progress
   Thamrin, Jakarta Pusat                      36,6%                            3,2 hektare                  87,6% dari total unit telah
  Thamrin, Central Jakarta                                                      3.2 hectares                     diserahterimakan
                                                                                                              87.6% of the total units
                                                                                                              have been handed over



 Kemudahan
 Amenities
 Dekat dengan stasiun LRT, kereta bandara, stasiun MRT, pusat perbelanjaan (Grand Indonesia dan Plaza Indonesia), kantor kedutaan
 besar, hotel bintang 5, berada di Kawasan perkantoran (Menara BCA, BNI, UOB Plaza, BNI 46).
 Near ro LRT Station, Airport rail link, MRT Station, Shopping center (Grand Indonesia & Plaza Indonesia), near Embassies, 5-star hotels,
 office building area (Menara BCA, BNI, UOB Plaza, BNI 46)




                                                           1Park Avenue


 Deskripsi
 Description
 Apartemen 1Park Avenue terdiri dari empat menara apartemen yaitu Royal, Queen, King, dan The Hamilton. Masing-masing menara
 memiliki 112 unit dengan luasan mulai dari 115 m2 sampai 149 m2 per unitnya. Konsep 1Park Avenue terinspirasi dari nuansa resort.
 Sebanyak 70 persen dari total lahan dialokasikan untuk area penghijauan seperti taman, fitur air, dan untuk fasilitas pendukung.
 1Park Avenue Apartments consists of four apartment towers, namely Royal, Queen, King and The Hamilton. Each tower has 112 units
 with areas ranging from 115 m2 to 149 m2 per unit. The 1Park Avenue concept is imbued with the charm and feel of a resort. As much as
 70 percent of the total land is allocated for green areas such as parks, water features and supporting facilities



          Lokasi                            Kepemilikan                        Luas Kawasan                           Progres
         Location                            Ownership                           Total Area                           Progress
 Kebayoran, Jakarta Selatan                    100%                             2,8 hektare                   99% dari total unit telah
  Kebayoran, South Jakarta                                                      2.8 hectares                     diserahterimakan
                                                                                                             99% of the total units have
                                                                                                                been handed over



 Kemudahan
 Amenities
 Taman bermain anak, ruang sepak bola meja, aula serbaguna, jaringan serat optik, mini market, ruang makan privat, perpustakaan,
 kolam renang, salon, pusat bisnis, lintasan lari, gym, lounge, bioskop mini, billiard, area BBQ, steam & sauna, ruang karaoke, dekat
 pusat perbelanjaan (Gandaria City, Plaza Senayan, Senayan City, Pondok Indah Mall) dan rumah sakit (Gandaria, Pondok Indah).
 Children’s playground, table football, fiber optic network, multi-function hall, mini market, private dining room, library, swimming
 pool, salon, business center, jogging track, gym, lounge, mini cinema, billiard, BBQ area, steam&sauna, karaoke room, near to malls
 (Gandaria City, Plaza Senayan, Senayan City, Pondok Indah Mall) and hospitals (Gandaria, Pondok Indah).




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                                                                    Regatta


    Deskripsi
    Description
    Apartemen Regatta berlokasi di tepi laut Pantai Mutiara dengan panorama indah ke Laut Jawa. Pembangunan proyek mixed-use &
    high-rise Regatta terdiri dari 4 fase. Fase 1 terdiri dari 4 menara apartemen (Rio, Miami, Monte Carlo, dan Dubai) yang telah rampung
    dibangun dan seluruhnya sudah terjual. Adapun fase 2 terdiri dari 3 menara pembangunan (London, New York, dan Shanghai).
    Regatta Apartment is located on the seafront of Pantai Mutiara, offering stunning views of the Java Sea. The mixed-use & high-rise
    Regatta project is being developed in four phases. Phase 1 consists of four apartment towers (Rio, Miami, Monte Carlo, and Dubai),
    which have been fully completed and sold out. Meanwhile, Phase 2 includes the construction of three towers (London, New York, and
    Shanghai).



               Lokasi                            Kepemilikan                         Luas Kawasan                             Progres
              Location                            Ownership                            Total Area                             Progress
        Pantai Mutiara, Pluit,                      50%                                 11 hektare                  73,17% dari total unit telah
           Jakarta Utara                                                               11 hectares                       diserahterimakan
        Pantai Mutiara, Pluit,                                                                                       73.17% of the total units
           North Jakarta                                                                                             have been handed over



    Kemudahan
    Amenities
    Taman bermain anak, ruang serba guna, fasilitas spa, area BBQ, kolam renang, tempat makan, taman, pemandangan laut lepas,
    lintasan lari di garis pantai, dermaga untuk yacht dan kapal, tempat untuk olah raga air, dekat dengan bandara Soekarno-Hatta.
    Childern’s playground, multi-fuction hall, spa facility, BBQ area, swimming pool, restaurant, garden, views of the open sea, jogging
    track on the coast, pier for yachts and ships, water sport, near to Soekarno-Hatta airport.




                                                                   Aeropolis


    Deskripsi
    Description
    Aeropolis adalah pengembangan mixed-use yang berlokasi dekat Bandara Internasional Soekarno-Hatta. Dirancang sebagai kota
    bandara, Aeropolis hadir sebagai kawasan terpadu yang menyediakan beragam fungsi untuk hunian, perkantoran, hotel, ritel, dan
    pergudangan.
    Aeropolis is an integrated mixed-use development project located close to the Soekarno–Hatta International Airport, Tangerang.
    Designed as an airport city, hence its name, Aeropolis, it is presented as an integrated area that serves various functions with versatility,
    from residential area, office area, hotel, retail, and warehouse.



               Lokasi                            Kepemilikan                         Luas Kawasan                            Progres
              Location                            Ownership                             Total Area                           Progress
       500 meter dari Bandara                       100%                               105 hektare                   90% dari total unit telah
      Internasional Soekarno –                                                        105 hectares                            terjual
          Hatta, Tangerang                                                                                          90% of the total units have
     500 meters from Soekarno                                                                                               been sold
        – Hatta International
         Airport, Tangerang



    Kemudahan
    Amenities
    Kereta bandara, kereta bandara, jalan tol, pemberhentian bus, tempat makan, mini market, sports club.
    Airport train, airport rail link, highways, shuttle bus, restaurant, mini market, sports club.




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                                                                 Spazio


 Deskripsi
 Description
 Nikmati kemudahan, kenyamanan, dan fleksibilitas perkantoran di lokasi yang strategis dengan bangunan indoor dan outdoor yang
 modern. Bangunan ini memiliki luas 18.920 m2 dengan jumlah 8 lantai dan 2 lantai basemen.
 Enjoy the ease, convenience, and flexibility of having your office at a strategic location, in a building designed perceptively both indoor
 and outdoor. The building has a total area of 18,920 m2 with 8 floors and 2 basement levels.



         Kategori                               Lokasi                            Kepemilikan                           Okupansi
         Category                              Location                            Ownership                            Occupancy
  Pengelolaan kantor dan                Graha Famili, Surabaya                       75%                                   90%
            ritel                               Barat
     Offices and retail                   Graha Famili, West
                                              Surabaya



 Kemudahan
 Amenities
 Lift & eskalator, mini market, restoran, jaringan serat optik, internet berkecepatan tinggi, koridor terbuka, ruang rapat, kantin,
 auditorium, tol Surabaya Porong, pusat perbelanjaan (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), dekat dengan
 rumah sakit (National Hospital, Mitra Keluarga), hotel (Whiz Luxe Spazio Tower, Shangrila, Vassa, Ascott, Waterplace).
 Lift & escalator, mini market, restaurants, fiber optic network, high speed internet, open coridors, meeting room, canteen, auditorium,
 Surabaya Porong toll road, shopping centers (Spazio Tower, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), hospitals (National
 Hospital, Mitra Keluarga), hotels (Whiz Luxe Spazio Tower, ShangriLa, Vassa, Ascott, Waterplace).




                                                             Spazio Tower


 Deskripsi
 Description
 Spazio Tower adalah bagian dari pengembangan mixed-use di kawasan komersial Graha Famili, Surabaya. Spazio Tower adalah gedung
 perkantoran strata title dengan lokasi strategis di kawasan CBD Surabaya Barat sekaligus juga merupakan bagian dari pengembangan
 Graha Festival, sebuah pengembangan superblok terpadu di kawasan Surabaya Barat. Spazio Tower menyediakan beragam fungsi
 meliputi perkantoran, ritel, dan hotel.
 As a development of the mixed-use property located in Graha Famili commercial zone, Spazio Tower has been designed to cater to all
 your work and leisure needs. Spazio Tower is a strata title office building with a strategic location in the West Surabaya CBD area and is
 part of the Graha Festival development, an integrated superblock development in the West Surabaya area. Spazio Tower serves various
 functions including offices, retail, and hotel.



           Lokasi                            Kepemilikan                         Luas Kawasan                           Okupansi
          Location                            Ownership                            Total Area                           Occupancy
   Graha Famili, Surabaya                       100%                              0,5 hektare                              64%
           Barat                                                                  0.5 hectares
     Graha Famili, West
         Surabaya



 Kemudahan
 Amenities
 Jaringan serat optik, internet berkecepatan tinggi, hotel, koridor terbuka, pujasera, pusat kebugaran, aula, ruang rapat, dekat dengan
 tol Surabaya – Porong, pusat perbelanjaan, dan rumah sakit (National Hospital, Mitra Keluarga).
 Fiber optic network, high speed internet, hotel, open corridors, food court, gym, auditorium, meeting room, near highways Surabaya –
 Porong, near shopping center, near hospitals (National Hospital, Mitra Keluarga).




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                                                                   Praxis


    Deskripsi
    Description
    Praxis adalah pengembangan mixed-use & high-rise yang menggabungkan apartemen, perkantoran, hotel, dan area ritel. Praxis
    menjadi satu kesatuan dengan gedung perkantoran Intiland Tower Surabaya. Konsep integrasi ini menciptakan sebuah kawasan
    perkantoran bisnis terpadu.
    Praxis is a mixed-use & high-rise development that combines apartments, offices, a hotel, and a retail area. It is seamlessly integrated
    with the Intiland Tower Surabaya office building, creating a fully integrated business district.



               Lokasi                          Kepemilikan                        Luas Kawasan                            Progres
             Location                           Ownership                           Total Area                            Progress
        Kawasan Pusat Bisnis                      100%                              1,1 hektare                  Total 81% unit apartemen
             Surabaya                                                              1.1 hectares                 dan 37% unit kantor terjual
           Surabaya CBD                                                                                            81% of the apartment
                                                                                                                units and 37% of the office
                                                                                                                   units have been sold



    Kemudahan
    Amenities
    Kolam renang, pusat kebugaran, aula sebaguna, area pameran outdoor, ruang rapat, supermarket, dekat dengan stasiun kereta api
    Gubeng, pusat perbelanjaan (Tunjungan Plaza, Grand City mall), dan rumah sakit (Siloam, Husada Utama, Dr. Soetomo).
    Swimming pool, gym, multi-function hall, outdoor exhibition area, meeting room, supermarket, near Gubeng train station, near
    shopping center (Tunjungan Plaza, Grand City mall), near to hospital (Siloam, Husada Utama, Dr. Soetomo).




                                                                Sumatra36


    Deskripsi
    Description
    Sumatra36 adalah apartemen eksklusif yang hanya memiliki 12 lantai dengan total 63 unit. Sebanyak 60 persen dari total luas
    Apartemen Sumatra36 dialokasikan untuk area lanskap dan penghijauan, sehingga menghasilkan suasana yang nyaman untuk
    penghuni.
    Sumatra36 is an exclusive apartment complex with only 12 floors and a total of 63 units. Sixty percent of the total area is dedicated to
    landscaping and green spaces, creating a comfortable and serene environment for residents.



               Lokasi                          Kepemilikan                        Luas Kawasan                           Progres
             Location                           Ownership                           Total Area                           Progress
        Kawasan Pusat Bisnis                      100%                             0,2 hektare                   57% dari total unit telah
             Surabaya                                                              0.2 hectares                     diserahterimakan
           Surabaya CBD                                                                                         57% of the total units have
                                                                                                                    been handed over



    Kemudahan
    Amenities
    Jaringan serat optik, kartu akses lift, layanan pramutamu 24-jam, pusat kebugaran, kolam renang, central vacuum cleaner, parkir
    khusus, private lounge, CCTV dan keamanan 24 jam, dekat dengan Stasiun Gubeng, pusat perbelanjaan (Tunjungan Plaza, Grand City
    mall), dan rumah sakit (Siloam, Husada Utama, Dr. Soetomo).
    Fiber optic network, access card elevators, 24-hour concierge service, gym, swimming pool, central vacuum cleaner, special parking,
    private lounge, CCTV and 24-hour security, near Gubeng Station, near shopping center (Tunjungan Plaza, Grand City mall), near to
    hospital (Siloam, Husada Utama, Dr. Soetomo).




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                                                             Graha Golf


 Deskripsi
 Description
 Graha Golf adalah pengembangan apartemen yang menawarkan suasana pemandangan padang golf di kawasan Golf Graha Famili.
 Kemewahan hunian semakin terasa karena Graha Golf hanya menyediakan empat unit apartemen di setiap lantai, sehingga menjamin
 privasi lebih bagi penghuni.
 The development of Graha Golf Apartment is offering scenic golf course views in the Golf Graha Famili area. The luxury of this residence
 is enhanced by its exclusive design, with only four apartment units per floor, ensuring greater privacy for residents.



           Lokasi                           Kepemilikan                        Luas Kawasan                           Progres
          Location                           Ownership                           Total Area                           Progress
   Graha Famili, Surabaya                      100%                             2,4 hektare                      Seluruhnya terjual
           Barat                                                                2.4 hectares                          Sold out
     Graha Famili, West
         Surabaya



 Kemudahan
 Amenities
 Taman tematik, area BBQ, ruang wine, dek rekreasi, jaringan serat optik, pusat kebugaran, ruang serbaguna, taman bermain anak-
 anak, kolam renang, tol Surabaya – Porong, pusat perbelanjaan (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), dekat
 rumah sakit (National Hospital, Mitra Keluarga).
 Thematic parks, BBQ area, wine room, recreational deck, fiber optic network, gym, multi-function hall, children’s playgrounds,
 swimming pool, Surabaya – Porong tol road, Shopping Center (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), near
 hospitals (National Hospital & Mitra Keluarga).




                                                            The Rosebay


 Deskripsi
 Description
 The Rosebay adalah pengembangan low-rise residence di kawasan Graha Famili. Pengembangan ini terdiri dari tujuh blok dengan
 ketinggian empat hingga delapan lantai. Perbedaan ketinggian ini memberikan pemandangan lanskap yang indah dan menyatu
 dengan lingkungan sekitarnya.
 The Rosebay is a low-rise residence development in Graha Famili area. It consists of seven blocks with varying heights ranging from four
 to eight floors. This variation in height creates a beautiful landscape view that seamlessly blends with the surrounding environment.



           Lokasi                           Kepemilikan                        Luas Kawasan                           Progres
          Location                           Ownership                           Total Area                           Progress
   Graha Famili, Surabaya                      75%                                1 hektare                        91% unit telah
           Barat                                                                 1 hectares                      diserahterimakan
     Graha Famili, West                                                                                        91% of units have been
         Surabaya                                                                                                   handed over



 Kemudahan
 Amenities
 Kolam renang, layanan pramutamu 24 jam, lintasan lari, taman bermain, area BBQ, pusat kebugaran, jaringan serat optik, parkir
 khusus, layanan housekeeping, layanan cuci, tol Surabaya – Porong, pusat perbelanjaan (Spazio, Loop, Graha Fairground, Pakuwon
 Mall, Lenmarc Mall), dekat rumah sakit (National Hospital, Mitra Keluarga).
 Swimming pool, 24-hour concierge service, jogging track, playground, BBQ area, gym, fiber optic network, private parking, housekeeping
 services, laundry services, Surabaya – Porong tol road, shopping centers (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall),
 near hospital (national Hospital & Mitra Keluarga).




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                                                                               Tierra


    Deskripsi
    Description
    Tierra merupakan sebuah proyek pengembangan mixed-use & high rise terpadu di kota Surabaya. Menempati lahan seluas 7,5 ha,
    Tierra menjadi sebuah pengembangan kawasan yang inovatif dan akan menjadi landmark baru di kota Surabaya. Dikembangkan
    dalam beberapa tahapan pembangunan, Tierra rencananya meliputi gedung perkantoran, kondominium, apartemen, hotel, ritel dan
    komersial, serta pusat gaya hidup modern. Menawarkan konsep gaya hidup perkotaan, Tierra akan menjadi pusat destinasi bagi warga
    Surabaya di masa depan.
    Tierra is an integrated mixed-use & high rise development project located in Surabaya. Occupying an area of 7.5 ha, Tierra is an
    innovative residential development project which will become Surabaya’s latest landmark. Developed in several phases, Tierra will
    comprise office building, condominium, apartment towers, hotel, retail and commercial area, as well as modern lifestyle hub. The area
    offers an urban lifestyle concept and is designed to be the new Surabaya’s point of destination in the future.



             Lokasi                                    Kepemilikan                                Luas Kawasan                          Progres
            Location                                    Ownership                                   Total Area                         Progress
     Darmo Harapan, Surabaya                              100%                                      7,5 hektare               Tierra SOHO, Tierra SOHO
              Barat                                                                                7.5 hectares               Avenue, Tierra Residence,
      Darmo Harapan, West                                                                                                             Loop Tierra
            Surabaya                                                                                                          Tierra SOHO, Tierra SOHO
                                                                                                                              Avenue, Tierra Residence,
                                                                                                                                      Loop Tierra



    Kemudahan
    Amenities
    Area komersial, keamanan 24 jam, pusat kebugaran, kolam renang, community park, dekat gerbang tol satelit, pusat perbelanjaan
    (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), dekat dengan rumah sakit (National Hospital, Mitra Keluarga), dan
    sekolah (Piaget Life Academi, Elyon Christian Secondary School).
    Commercial area, 24-hour security, fitness center, swimming pool, community park, close to the satellite toll gate, shopping centers
    (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), close to hospitals (National Hospital, Mitra Keluarga), and schools
    (Piaget Life Academy, Elyon Christian Secondary School).




TINJAUAN KEUANGAN SEGMEN MIXED-USE & HIGH RISE
FINANCIAL OVERVIEW OF MIXED-USE & HIGH RISE SEGMENT


 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                                                   % terhadap                              % terhadap
                                                                   Pendapatan                              Pendapatan       Pertumbuhan      Persentase
       Mixed-use dan High-rise                     2025                                        2024
                                                                     % to the                                % to the          Growth        Percentage
                                                                    Revenue                                 Revenue
 Pendapatan
                                                     222.344             100.00%                 371.760          100,00%        -149,416         -40.19%
 Revenue
 Beban Pokok
                                                      140.159              63.04%               226.466            60,92%         -86,307          -38.11%
 Cost of Sales
 Laba Kotor
                                                       82.185              36.96%                145.294           39,08%         -63,109         -43.44%
 Gross Profit




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KAWASAN PERUMAHAN
LANDED RESIDENTIAL

Kawasan Perumahan merupakan salah satu segmen                      Landed residential represents one of the Company’s primary
utama kegiatan operasional Perseroan yang mencakup                 operational segments, encompassing the development
pengembangan kawasan perumahan terpadu maupun                      of integrated residential estates as well as smaller-scale
kawasan perumahan dengan skala yang lebih terbatas.                housing developments. This segment has been part of the
Segmen       ini   telah   menjadi    bagian   dari   portofolio   Company’s development portfolio since its establishment
pengembangan Perseroan sejak awal berdiri dan difokuskan           and is focused on the upper-middle consumer market across
pada pasar konsumen menengah-atas di sejumlah wilayah              several strategic locations, including Jakarta, Tangerang, and
strategis, antara lain Jakarta, Tangerang, dan Surabaya.           Surabaya. The development of residential estates contributes
Pengembangan          kawasan        perumahan    memberikan       significantly to the Company’s sales performance and
kontribusi penting terhadap kinerja penjualan Perseroan            reflects its commitment to delivering high-quality, modern,
serta    mencerminkan        komitmen      Perseroan     dalam     and well-designed living environments that are integrated
menghadirkan hunian yang berkualitas, modern, asri, dan            with adequate supporting facilities.
terintegrasi dengan fasilitas pendukung yang memadai.


Hingga tahun 2025, Perseroan mengembangkan 17 proyek               As of 2025, the Company has developed 17 landed residential
perumahan yang telah terbangun dan tersebar di berbagai            projects that have been completed and are located across
wilayah. Di Jakarta, portofolio tersebut meliputi Serenia          various regions. In Jakarta, the portfolio includes Serenia
Hills, South Grove, Delima House, Pinang Residence, 1Park          Hills, South Grove, Delima House, Pinang Residence, 1Park
Homes, Virya Semanan, Pantai Mutiara, dan Brezza, serta            Homes, Virya Semanan, Pantai Mutiara, and Brezza, as well
Talaga Bestari dan Magnolia Residence di Tangerang. Di             as Talaga Bestari and Magnolia Residence in Tangerang.
Surabaya, Perseroan mengembangkan Graha Famili, Graha              In Surabaya, the Company develops Graha Famili, Graha
Natura, Amesta Living, dan Plaza Segi Delapan. Selain itu,         Natura, Amesta Living, and Plaza Segi Delapan. In addition,
Perseroan saat ini tengah menyelesaikan pembangunan                the Company is currently completing several new residential
proyek perumahan baru, yaitu Sakha Semanan di Semanan,             projects, namely Sakha Semanan in Semanan, West Jakarta;
Jakarta Barat, Regatta Residence di Pluit, Jakarta Utara, serta    Regatta Residence in Pluit, North Jakarta; and Tierra
Tierra Residence di Darmo, Surabaya.                               Residence in Darmo, Surabaya.

Proses Produksi                                                    Production Process
Proses produksi untuk pengembangan proyek perumahan                The production process for the development of residential
dimulai dari tahapan studi kelayakan. Perseroan mengkaji           projects begins with the feasibility study stage. The Company
berbagai aspek untuk memastikan bahwa proyek perumahan             assesses various aspects to ensure that the residential
yang akan dikembangkan memenuhi standar kelayakan                  projects to be developed meet the established feasibility
yang ditetapkan. Setelah melalui kajian mendalam,                  standards. Following a comprehensive evaluation, the
Perseroan melakukan akuisisi lahan di lokasi yang strategis        Company proceeds with the acquisition of land in strategic
untuk dikembangkan sesuai dengan hasil studi yang telah            locations to be developed in accordance with the results of
dilakukan.                                                         the studies conducted.


Pada tahap berikutnya, Perseroan menunjuk konsultan untuk          At the subsequent stage, the Company appoints consultants
membantu penyusunan rencana induk dan perencanaan                  to assist in the preparation of the master plan and the
teknis pengembangan kawasan perumahan. Secara paralel,             technical planning for the development of residential areas.
Perseroan memproses perizinan yang diperlukan guna                 In parallel, the Company processes the required permits
mendukung pelaksanaan pembangunan proyek sesuai                    to support the implementation of project construction in
dengan ketentuan yang berlaku.                                     accordance with applicable regulations.




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Setelah kesiapan desain dan perizinan terpenuhi, Perseroan           Once design readiness and permitting requirements have
melaksanakan pembangunan proyek secara bertahap serta                been fulfilled, the Company carries out project construction
menjalankan aktivitas pemasaran. Kegiatan pembangunan                in phases and undertakes marketing activities. Construction
meliputi pembukaan lahan, pekerjaan perataan tanah,                  activities include land clearing, earthworks, and the
serta pembangunan infrastruktur kawasan sesuai dengan                development of infrastructure in accordance with the
tahapan pengembangan, khususnya pada area yang telah                 development stages, particularly in areas that have been
dipasarkan.                                                          marketed.


Paralel dengan tahapan tersebut, kontraktor melaksanakan             In parallel with these stages, contractors carry out the
pembangunan          unit-unit       rumah   dengan   pengawasan     construction of housing units under the supervision of
dari Perseroan. Setelah seluruh pekerjaan pembangunan                the Company. Upon completion of all infrastructure and
infrastruktur dan unit perumahan selesai, dilakukan proses           housing construction works, a quality inspection process is
pemeriksaan kualitas bangunan sebelum dilaksanakan                   conducted prior to the handover of the sold housing units
serah terima unit rumah yang telah dijual kepada pembeli.            to buyers. Subsequently, the Company carries out property
Selanjutnya, Perseroan melaksanakan pengelolaan properti,            management, including the handover of public and social
termasuk serah terima fasilitas umum dan fasilitas sosial            facilities to the Government, as well as the management of
kepada Pemerintah, serta pengelolaan lingkungan kawasan              the surrounding environment, which will later be handed
yang pada tahap berikutnya akan diserahterimakan kepada              over to the residents.
warga.

Pemasaran dan Penjualan                                              Marketing and Sales
Perseroan      menerapkan            pendekatan   pemasaran   yang   The Company implements an integrated marketing approach
terintegrasi dalam penjualan segmen perumahan, baik                  for the residential segment, both at the corporate level and
di tingkat korporat maupun pada masing-masing proyek,                across individual projects, while maintaining prudence and
dengan tetap mengedepankan kehati-hatian dan disiplin                disciplined execution. Marketing strategies are formulated
dalam mengeksekusi. Strategi pemasaran dirumuskan                    in a structured manner by selectively engaging external
secara terarah dengan melibatkan pihak eksternal secara              parties, such as consultants, to support the planning and
selektif, seperti konsultan, untuk mendukung perencanaan             execution of marketing and sales activities, including
dan pelaksanaan aktivitas pemasaran dan penjualan,                   design development, advertising, promotional materials,
termasuk pengembangan desain, iklan, materi promosi,                 production, and the organization of marketing events. In
produksi, hingga penyelenggaraan kegiatan pemasaran.                 line with evolving consumer behavior, the Company also
Sejalan dengan perubahan perilaku konsumen, Perseroan                continuously optimizes the use of digital communication
juga secara berkelanjutan mengoptimalkan pemanfaatan                 channels, including social media and websites, while
kanal komunikasi digital melalui media sosial dan situs web,         participating in property exhibitions in a measured manner.
serta tetap berpartisipasi dalam berbagai kegiatan pameran
properti secara terukur.


Dalam konteks kondisi pasar, sepanjang tahun 2025 sektor             In terms of market conditions, throughout 2025 the
perumahan di Indonesia menunjukkan kondisi yang                      residential sector in Indonesia remained relatively stable
relatif stabil dengan tingkat pertumbuhan yang moderat,              with moderate growth, primarily supported by demand from
terutama ditopang oleh permintaan dari pembeli akhir                 end users. Market activity continued in a selective manner,
(end users). Aktivitas pasar berlangsung secara selektif,            with consumers increasingly considering factors such as price
dengan konsumen semakin mempertimbangkan faktor                      affordability, certainty of handover, location, and developer
keterjangkauan harga, kepastian serah terima, lokasi, serta          reputation in their purchasing decisions. Limited new
reputasi pengembang dalam pengambilan keputusan                      supply, particularly ready-to-occupy units, also influenced
pembelian. Keterbatasan pasokan baru, khususnya unit                 market dynamics and helped maintain absorption levels at
siap huni, turut memengaruhi dinamika pasar dan menjaga              a relatively stable level.
tingkat penyerapan tetap berada pada level yang relatif
stabil.




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Mencermati kondisi tersebut, Perseroan menerapkan             In response to these conditions, the Company adopted a
pendekatan yang lebih selektif dalam peluncuran proyek        more selective approach in launching new projects and
baru dan memprioritaskan optimalisasi penyerapan stok         prioritized optimizing the absorption of available inventory
yang tersedia pada proyek-proyek yang sudah ada. Dukungan     within existing projects. Government policy support,
kebijakan pemerintah, termasuk perpanjangan insentif          including the extension of the Government-Borne Value
Pajak Pertambahan Nilai Ditanggung Pemerintah (PPN            Added Tax (VAT DTP) incentive, helped sustain market
DTP), berperan dalam menjaga sentimen pasar sepanjang         sentiment throughout 2025, although its impact was
tahun 2025, meskipun dampaknya cenderung bersifat             more inclined toward maintaining demand stability rather
mempertahankan      stabilitas   permintaan   dibandingkan    than accelerating growth. Overall, the residential market
mendorong percepatan pertumbuhan. Secara keseluruhan,         remained in a consolidation phase with a relatively stable
pasar perumahan berada dalam fase konsolidasi dengan          demand foundation.
fondasi permintaan yang tetap terjaga.


Sebagai hasil dari strategi pemasaran dan kondisi pasar       As a result of these marketing strategies and market
tersebut, perolehan penjualan (marketing sales) segmen        conditions, marketing sales for the residential segment in
kawasan perumahan pada tahun 2025 berasal dari unit-          2025 were derived from the sale of landed housing units
unit rumah tapak serta produk komersial, seperti ruko dan     as well as commercial products, such as shophouses and
SOHO. Segmen pengembangan perumahan mencatatkan               SOHO units. The residential development segment recorded
marketing sales sebesar Rp830,8 miliar atau setara 41,5%      marketing sales of Rp830.8 billion, equivalent to 41.5% of
dari target sebesar Rp2 triliun. Segmen ini memberikan        the marketing sales target of Rp2 trillion. This segment
kontribusi sebesar 51,7% terhadap seluruh marketing sales     contributed 51.7% to the Company’s total marketing sales
tahun 2025 sebesar Rp1,6 triliun. Kinerja penjualan di        of Rp1.6 trillion in 2025. Sales performance in this segment
segmen ini menurun sebesar 5,5% dibandingkan capaian          declined by 5.5% compared to the 2024 achievement of
tahun 2024 sebesar Rp878,9 miliar. Kontribusi terbesar        Rp878.9 billion. The largest contributions came from the sale
berasal dari penjualan area komersial Graha Famili, lahan     of commercial areas at Graha Famili, as well as residential
hunian di Regatta, Graha Natura, Brezza, Amesta Living, dan   land in Regatta, Graha Natura, Brezza, Amesta Living, and
South Grove.                                                  South Grove.


Segmen pengembangan kawasan perumahan pada tahun              In 2025, the landed      residential development segment
2025 membukukan pendapatan usaha sebesar Rp782 miliar,        recorded revenue of Rp782 billion, representing an increase of
atau meningkat 18,6% dibandingkan tahun 2024 sebesar          18.6% compared to Rp659.4 billion in 2024. This development
Rp659,4 miliar. Segmen pengembangan ini memberikan            segment contributed of 31.8% from total revenue in 2025.
kontribusi 31,8% dari pendapatan usaha tahun 2025.            Revenue contributions were primarily derived from the
Kontribusi pendapatan terutama berasal dari pengakuan         recognition of sales of housing units that had reached the
penjualan unit-unit rumah pada proyek-proyek perumahan        handover stage, in line with construction progress achieved
yang telah memasuki tahap serah terima, sejalan dengan        throughout the year.
progres pembangunan yang telah dicapai sepanjang tahun
berjalan.

Pengembangan Masa Depan                                       Future Development
Selain proyek-proyek yang saat ini sedang dalam tahap         In addition to the projects currently under development,
pengembangan, Perseroan juga memiliki rencana jangka          the Company also has long-term plans to develop several
panjang     untuk   mengembangkan        sejumlah   proyek    residential projects in various areas, including Jakarta,
perumahan di berbagai wilayah, antara lain Jakarta,           Tangerang, Banten, Surabaya, and Mojokerto. To date, the
Tangerang, Banten, Surabaya, dan Mojokerto. Hingga saat       Company holds a land bank of more than 2,000 hectares
ini, Perseroan memiliki cadangan lahan lebih dari 2.000       located across Jakarta, Tangerang, Banten, as well as
hektare yang tersebar di Jakarta, Tangerang, Banten, serta    Surabaya and its surrounding areas.
Surabaya dan sekitarnya.




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Ke depan, Perseroan merencanakan pengembangan proyek-                      Going forward, the Company plans to develop residential
proyek perumahan yang mencakup peluncuran proyek baru                      projects through both the launch of new projects and the
maupun pengembangan tahap lanjutan dari proyek-proyek                      continued development phases of existing projects, such
yang telah berjalan, seperti Talaga Bestari, Graha Natura, dan             as Talaga Bestari, Graha Natura, and Amesta Living. This
Amesta Living. Langkah ini merupakan bagian dari strategi                  initiative forms part of the Company’s strategy to strengthen
Perseroan untuk memperkuat portofolio pengembangan                         its development portfolio in the residential estate segment
segmen       kawasan        perumahan    sekaligus     mendukung           while supporting sustainable business growth.
pertumbuhan usaha secara berkelanjutan.


Kapasitas dan Pengembangan Kawasan Perumahan
Capacity and Development Of Landed Residential


                                                               Serenia Hills


    Deskripsi
    Description
    Serenia Hills adalah pengembangan kawasan perumahan eksklusif seluas 26 hektare di Lebak Bulus, Jakarta Selatan sekaligus Tangerang
    Selatan, di mana kedua area tersebut dipisahkan oleh Sungai Pesanggrahan yang menjadi kawasan konservasi alam. Dikembangkan
    Perseroan sejak tahun 2011, Serenia Hills bertransformasi menjadi kawasan hunian premium yang ideal bagi masyarakat dengan
    mobilitas tinggi, tetapi tetap ingin tinggal di lingkungan kawasan yang asri dan hijau. Serenia Hills dinobatkan sebagai perumahan
    terbaik di Dunia setelah meraih penghargaan World Gold Winners dari Fiabci Prix d’Excellence Awards tahun 2021.
    Serenia Hills is an exclusive residential development area covering ​​26 hectares in Lebak Bulus, South Jakarta and South Tangerang, two
    areas that are divided by the Pesanggrahan River, a natural conservation area. Developed by the Company since 2011, Serenia Hills has
    transformed into a premium residential area that is ideal for people with high mobility yet still prefer to live in a beautiful and green
    area. Serenia Hills is one of the best landed residential Develoment in the world after receiving the World Gold Winners at the Fiabci
    Prix d'Excellence Awards in 2021.



               Lokasi                          Kepemilikan                         Luas Kawasan                           Progres
             Location                           Ownership                            Total Area                           Progress
        Lebak Bulus, Jakarta                      100%                               26 hektare                       98% unit telah
              Selatan                                                               26 hectares                      diserahterimakan
     Lebak Bulus, South Jakarta                                                                                    98% of units have been
                                                                                                                        handed over



    Kemudahan
    Amenities
    Gedung perkumpulan, active park, ruang serbaguna, taman bermain anak, kolam renang, jaringan serat optik, pusat kebugaran,
    mini soccer, keamanan 24 jam, sauna, manajemen properti, dekat dengan stasiun MRT lebak bulus, pintu tol Pondok Pinang, CBD
    TB Simatupang, pusat perbelanjaan (SQ Dome, Pondok Indah Mall, Citos), Rumah sakit (Mayapada, Siloam), dekat dengan sekolah
    (HighScope Indonesia, Singapore International School).
    Clubhouse, active park, multipurpose hall, children’s playground, swimming pool, fiber optic network, fitness center, mini soccer
    field, 24-hour security, sauna, property management, close to Lebak Bulus MRT station, Pondok Pinang toll gate, TB Simatupang CBD,
    shopping centers (SQ Dome, Pondok Indah Mall, Citos), hospitals (Mayapada, Siloam), and schools (HighScope Indonesia, Singapore
    International School).




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                                                               South Grove


 Deskripsi
 Description
 South Grove adalah pengembangan perumahan mewah dan eksklusif dengan hanya menyediakan 16 unit rumah. Setiap unit
 dirancang dengan arsitektur modern dan elegan, mengutamakan privasi serta kenyamanan penghuni. Berlokasi di kawasan premium
 Lebak Bulus, Jakarta Selatan, South Grove menawarkan lingkungan yang asri, fasilitas berkualitas, dan akses strategis ke berbagai
 pusat bisnis dan gaya hidup.
 South Grove is a luxurious and exclusive residential development with only 16 house units. Each unit is designed with modern and
 elegant architecture, prioritizing privacy and resident comfort. Located in a premium area, South Grove offers a serene environment,
 high-quality facilities, and strategic access to various business and lifestyle centers.



           Lokasi                             Kepemilikan                          Luas Kawasan                              Progres
         Location                              Ownership                             Total Area                             Progress
    Lebak Bulus, Jakarta                         100%                               0,5 hektare                             93% Sold
          Selatan                                                                   0.5 hectares                           93% Terjual
 Lebak Bulus, South Jakarta



 Kemudahan
 Amenities
 Jaringan serat optik, sistem keamanan 24 jam, jalur transportasi stasiun MRT Lebak Bulus dan gerbang tol Pondok Pinang, berbagai
 pusat perbelanjaan dan ritel besar (Pondok Indah Mall, Cinere Bellevue, One Bellpark Mall, dan Cilandak Town Square), dekat dengan
 rumah sakit (Mayapada dan Siloam), institusi pendidikan (Highscope Indonesia School dan Singapore International School), pusat
 bisnis yang sedang berkembang pesat, TB Simatupang.
 Fiber optic network, 24-hour security system, transportation links through the Lebak Bulus MRT Station and Pondok Pinang Toll Road,
 various shopping centers and large retail areas (Pondok Indah Mall, Cinere Bellevue, One Bellpark Mall, and Cilandak Town Square),
 close proximity to hospitals (Mayapada and Siloam), educational institutions (Highscope Indonesia School and Singapore International
 School), and a thriving business complex of TB Simatupang.




                                                              Delima House


 Deskripsi
 Description
 Delima House adalah pengembangan klaster perumahan modern yang hanya menyediakan 13 unit rumah premium, yang berlokasi
 di Karang Tengah, Lebak Bulus, Jakarta Selatan. Menggabungkan fungsi dan kemewahan dalam setiap detailnya, perumahan ini
 menghadirkan konsep hunian yang sempurna yang menghargai gaya hidup dinamis.
 Delima House is a modern cluster housing development that offers only 13 premium units, located in Karang Tengah, Lebak Bulus,
 South Jakarta. Combining functionality and luxury in every detail, this residential development presents a perfect living concept that
 values a dynamic lifestyle.



          Lokasi                              Kepemilikan                          Luas Kawasan                             Progres
         Location                              Ownership                             Total Area                             Progress
   Lebak Bulus, Cilandak,                        100%                               0,3 hektare                        Terjual seluruhnya
      Jakarta Selatan                                                               0.3 hectares                            Sold out
   Lebak Bulus, Cilandak,
       South Jakarta



 Kemudahan
 Amenities
 Lokasi yang sangat strategis dikelilingi oleh berbagai fasilitas, seperti mall, sekolah, universitas, dan rumah sakit. Kemudahan
 aksesibilitas dan mobilitas melalui tol JORR, Desari, dan stasiun MRT dan TransJakarta.
 A highly strategic location, surrounded by various facilities such as malls, schools, universities, and hospitals. It offers easy accessibility
 and mobility through the JORR toll road, Desari, and MRT and TransJakarta stations.




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                                                              1Park Homes


    Deskripsi
    Description
    1Park Homes adalah pengembangan kawasan perumahan mewah dan eksklusif yang dikembangkan di atas lahan seluas 1,2 hektare,
    di mana 32 unit hunian dipisahkan oleh jalur selebar 8,8 meter, menciptakan kawasan perumahan yang nyaman untuk penghuni.
    1Park Homes is a luxurious and exclusive residential development developed on 1.2 hectares of land where the 32 housing units are
    separated by a 8.8 metres wide pathway, creating a simple yet exclusive estate for you to live in it.



             Lokasi                            Kepemilikan                        Luas Kawasan                           Progres
            Location                            Ownership                           Total Area                           Progress
    Kebayoran, Jakarta Selatan                    100%                              1,2 hektare                      Tahap Konstruksi
     Kebayoran, South Jakarta                                                      1.2 hectares                     Construction work



    Kemudahan
    Amenities
    Taman bermain anak, ruang sepak bola meja, aula serbaguna, jaringan serat optik, mini market, ruang makan privat, perpustakaan,
    kolam renang, salon, pusat bisnis, lintasan lari, gym, lounge, bioskop mini, billiard, area BBQ, steam & sauna, ruang karaoke, dekat
    pusat perbelanjaan (Plaza Senayan, Gandaria City, Senayan City, Pondok Indah Mall), dan Rumah Sakit Pondok Indah.
    Children’s playground, fussball room, multipurpose hall, fiber optic network, mini market, private dining hall, library, swimming pool,
    hairdressers, business center, running track, gym, lounge, mini cinema, billiard room, BBQ area, steam & sauna facilities, karaoke room,
    close proximity to shopping centers (Plaza Senayan, Gandaria City, Senayan City, Pondok Indah Mall) and Pondok Indah Hospital.




                                                             Virya Semanan


    Deskripsi
    Description
    Virya Semanan adalah pengembangan perumahan eksklusif di dalam kawasan Taman Semanan Indah. Hadir dengan konsep klaster
    privat, Virya Semanan menghadirkan 30 unit rumah berbagai tipe di area lingkungan yang hijau, asri dan nyaman. Mengutamakan
    aspek kenyamanan dan gaya hidup sehat, setiap unit rumah Virya Semanan dibangun dengan konsep rumah sehat yang menerapkan
    pencahayaan dan ventilasi alami.
    Virya Semanan is an exclusive residential development within the Taman Semanan Indah residential area. Coming with a private
    cluster concept, Virya Semanan presents 30 housing units of various types in a green, beautiful and comfortable environmental area.
    Prioritizing aspects of comfort and a healthy lifestyle, each Virya Semanan house unit is built with a healthy home concept that applies
    natural lighting and ventilation.



             Lokasi                            Kepemilikan                        Luas Kawasan                           Progres
            Location                            Ownership                           Total Area                          Progress
      Semanan, Jakarta Barat                      100%                             0,6 hektare                    93% unit telah terjual
      Semanan, West Jakarta                                                        0.6 hectares                  93% units have been sold



    Kemudahan
    Amenities
    Mini market, kolam renang, pusat ATM, sekolah terpadu, area komersial, lapangan tenis, tempat ibadah, pusat kebugaran, lapangan
    basket, pusat perbelanjaan, pintu tol JORR, dekat dengan stasiun KRL.
    Swimming pool, ATM center, integrated school area, commercial zone, tennis court, places of worship, gym, basketball court, shopping
    center, JORR toll gate, commuter line.




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                                                            Pantai Mutiara


 Deskripsi
 Description
 Pantai Mutiara adalah pengembangan kanal estat pertama di Asia Tenggara dengan keunggulan konsep bertema kelautan, yakni
 “Pantai adalah wajah sebuah negara atau kota." Perseroan mulai mengembangkan Pantai Mutiara pada tahun 1984 dengan luas area
 100 Ha yang sebagian besar merupakan area reklamasi.
 Pantai Mutiara is the first canal estate development in Southeast Asia, distinguished by its marine-themed concept: "The beach is the
 face of a nation or city." The company began developing Pantai Mutiara in 1984, covering an area of 100 hectares, the majority of which
 is reclaimed land.



             Lokasi                          Kepemilikan                          Luas Kawasan                            Progres
           Location                           Ownership                              Total Area                           Progress
     Pluit, Jakarta Utara                       100%                                100 hektare                      Terjual seluruhnya
     Pluit, North Jakarta                                                          100 hectares                           Sold out



 Kemudahan
 Amenities
 Klub olah raga, jogging track, area kuliner, pusat perbelanjaan, sekolah internasional, rumah sakit, serta dekat dengan Gerbang Tol
 Prof. Sedyatmo, Gerbang Tol Pluit, dan Gerbang Tol Jembatan Tiga-2.
 Sports club, jogging track, culinary area, shopping center, international school, hospital, as well as close proximity to the Prof. Sedyatmo
 Toll Gate, Pluit Toll Gate, and Jembatan Tiga-2 Toll Gate.




                                                                  Brezza


 Deskripsi
 Description
 Brezza adalah pengembangan kawasan perumahan modern dengan terbatas hanya 36 unit yang berlokasi di kawasan Pantai
 Mutiara, Jakarta Utara. Berdiri dengan menghadap panorama Teluk Jakarta, Brezza menawarkan hunian dengan desain minimalis
 dan fungsional.
 Brezza is a modern residential development with only 36 exclusive units, located in the Pantai Mutiara area, North Jakarta. Overlooking
 the scenic Jakarta Bay, Brezza offers homes with a minimalist and functional design.



             Lokasi                          Kepemilikan                          Luas Kawasan                           Progres
           Location                           Ownership                             Total Area                          Progress
   Pantai Mutiara, Jakarta                      100%                                1,6 hektare                   80% progres pekerjaan
             Utara                                                                 1.6 hectares                       pembangunan
    Pantai Mutiara, North                                                                                            80% progress in
            Jakarta                                                                                                 construction work



 Kemudahan
 Amenities
 Area komersial, clubhouse yang meliputi fitness center dan sauna, kolam renang, restoran dan kafe, dekat pusat perbelanjaan.
 Commercial area, clubhouse featuring a fitness center and sauna, swimming pool, restaurant and café, close to shopping centers.




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                                                              Talaga Bestari


    Deskripsi
    Description
    Talaga Bestari dirancang untuk memenuhi permintaan perumahan yang menyasar segmen pasar menengah dan atas. Pengembangan
    kawasan Talaga Bestari masih terus dilakukan dengan menyesuaikan tema yang diusungnya, yaitu "Hidup Selaras dengan Alam".
    Perseroan juga sedang menggencarkan pembangunan Ruota, area ritel dan komersial terbaru di Talaga Bestari.
    Talaga Bestari is designed to meet the housing demand targeting the middle to upper market segment. The development of the Talaga
    Bestari area continues to evolve while aligning with its central theme, "Living in Harmony with Nature." The company is also actively
    developing Ruota, the latest retail and commercial area within Talaga Bestari.



              Lokasi                            Kepemilikan                         Luas Kawasan                           Progres
             Location                            Ownership                            Total Area                           Progress
         Cikupa, Tangerang                         100%                              308 hektare                    Pengembangan baru
         Cikupa, Tangerang                                                           308 hectares                   klaster DUO dan area
                                                                                                                       komersial Ruota
                                                                                                                  New Development of DUO
                                                                                                                   Cluster and commercial
                                                                                                                         area Ruota



    Kemudahan
    Amenities
    Sports club, apotek, pujasera, klinik 24 jam, mini market 24 jam, shuttle bus, tol Balaraja Timur, Tol Balaraja Serpong, dekat pusat
    perbelanjaan, rumah sakit Siloam, dan sekolah (Al Azhar Budi Talaga Bestari, Montessori School).
    Sports club, pharmacy, food court, 24-hour clinic, 24-hour mini market, Shuttle bus, Balaraja Timur toll road, Balaraja Serpong toll road,
    shopping center (Supermall Karawaci, Tang City), Siloam Hospital, near school (Al Azhar Syifa Budi Talaga Bestari, Montessori Schools).




                                                          Magnolia Residence


    Deskripsi
    Description
    Magnolia Residence merupakan pengembangan kawasan perumahan yang mengusung konsep "Oase Kehidupan Kota" melalui ruang
    terbuka hijau yang luasnya mencapai 1,7 hektare. Lokasi Magnolia Residence berada di Jatiuwung, Kota Tangerang dan hanya berjarak
    dua menit dari Pintu Tol Bitung.
    Magnolia Residence is a housing development that boasts the concept of "Oasis of City Life" through green open spaces covering an
    area of 1.7 hectares. The location of Magnolia Residence is in Jatiuwung, Tangerang City and only two minutes from Bitung Toll Gate.



                Lokasi                          Kepemilikan                         Luas Kawasan                          Progres
               Location                          Ownership                             Total Area                         Progress
          Jatake, Tangerang                        52,5%                              14,7 hektare                    98% unit terjual
          Jatake, Tangerang                                                          14.7 hectares                 98% of units have been
                                                                                                                            sold



    Kemudahan
    Amenities
    Mini market, apotek, klinik 24 jam, keamanan 24 jam, area komersial, tol Bitung, Tol Balaraja Serpong, dekat Supermall Karawaci &
    Tang City serta rumah sakit Siloam.
    Mini market, pharmacy, 24-hour clinic, 24-hour security, commercial zone, Botung toll road, Balaraja Serpong toll road, close to
    supermall Karawaci & Tang City, Siloam Hospital.




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                                                             Graha Famili

Deskripsi
Description
Graha Famili memberikan citra eksklusif dengan mengutamakan kenyamanan penataan lingkungan yang bersih, asri, aman dan
terpadu dengan berbagai fasilitas yang lengkap. Nikmati kenyamanan tinggal di sebuah kawasan hunian terbaik yang menjadi
barometer perumahan ideal di Surabaya.
Graha Famili offers an exclusive feel that boasts the comfort of a clean, green, safe and tastefully-designed environment, integrated with
a vast range of amenities to enhance your life. Enjoy the comfort of staying in the top residential area in Surabaya that is undoubtedly
the barometer of ideal living in the city.


          Lokasi                             Kepemilikan                         Luas Kawasan                            Progres
         Location                             Ownership                            Total Area                           Progress
  Babatan, Surabaya Barat                       75%                               280 hektare                  100% unit telah terhuni dan
  Babatan, West Surabaya                                                          280 hectares                 pengembangan baru klaster
                                                                                                                          ALBA
                                                                                                                 100% of units have been
                                                                                                               occupied and development
                                                                                                                    new cluster ALBA


Kemudahan
Amenities
Manajemen estat, supermarket, sports club, lapangan golf, keamanan 24 jam, tol Surabaya Porong, dekat dengan pusat perbelanjaan
(Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), rumah sakit (National Hospital, Mitra Keluarga), sekolah (Surabaya
European School, Sekolah Ciputra, Cita Hati, Singapore National Academy, Surabaya Taipei School, Merlion School, Sages Institute,
Universitas Ciputra).
Estate management, supermarket, sports club, golf course, 24-hour security, Surabaya Porong toll road, near shopping malls (Spazio,
Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), near hospitals (National Hospital, Mitra Keluarga), near school (Surabaya
European School, Sekolah Ciputra, Cita Hati, Singapore National Academy, Surabaya Taipei School, Merlion School, Sages Institute,
Universitas Ciputra).




                                                            Graha Natura

Deskripsi
Description
Lingkungan yang hijau, sejuk, dan asri menjadi kunci utama menuju hidup sehat. Rimbun pepohonan dan taman yang indah
menghadirkan suasana hijau yang memberi ketenangan dan kenyamanan di lingkungan tempat tinggal. Kawasan perumahan di kota
Surabaya, Jawa Timur ini meraih beragam penghargaan dan menjadi hunian ideal bagi Anda yang mendambakan hidup sehat dan
berkualitas.
A green, breezy, and pristine environment is key to a healthy lifestyle. The thick foliage of trees and a beautifully-landscaped park bring a
sense of serenity and comfort to the place you live in. This multiple award-winning residential area in a prestigious location in Surabaya,
East Java is the ideal choice for you who demand only the highest level of quality in life.


            Lokasi                           Kepemilikan                         Luas Kawasan                            Progres
          Location                            Ownership                            Total Area                           Progress
   Lontar, Surabaya Barat                       100%                               86 hektare                   858 unit telah terjual dan
   Lontar, West Surabaya                                                          86 hectares                    pengembangan tahap II
                                                                                                                858 units have been sold
                                                                                                                 and developing phase II


Kemudahan
Amenities
Kolam renang, area komersial, jaringan serat optik, sistem satu pintu dan keamanan 24 jam, gedung perkumpulan, pusat kebugaran,
lintasan lari, tol Surabaya Porong, pusat perbelanjaan (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), dekat dengan
rumah sakit (National Hospital, Mitra Keluarga), dan sekolah (Surabaya European School, Sekolah Ciputra, Cita Hati, Singapore National
Academy, Surabaya Taipei School, Merlion School, Sages Institute, Universitas Ciputra).
Swimming pool, commercial area, fiber optic network, one gate system and 24-hour security, meeting hall, gym, jogging track, Surabaya
Porong toll road, near shopping mall (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), near hospital (National Hospital,
Mitra Keluarga), near school (Surabaya European School, Sekolah Ciputra, Cita Hati, Singapore National Academy, Surabaya Taipei
School, Merlion School, Sages Institute, Universitas Ciputra).




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                                                            Amesta Living


    Deskripsi
    Description
    Amesta Living merupakan proyek pengembangan kawasan mixed-use terpadu. Memiliki rencana pengembangan hingga seluas 60
    hektare, Amesta Living dirancang sebagai kawasan terpadu yang menyediakan beragam kebutuhan properti, mulai dari unit-unit
    residensial seperti rumah tapak, apartemen, ritel, komersial, SOHO, perkantoran, hingga lifestyle mall.
    Amesta Living is an integrated mixed-use development project. With a planned expansion of up to 60 hectares, Amesta Living is
    designed as a comprehensive area that caters to various property needs, including residential units such as landed houses and
    apartments, as well as retail, commercial spaces, SOHO, offices, and a lifestyle mall.



                Lokasi                        Kepemilikan                       Luas Kawasan                          Progres
              Location                         Ownership                          Total Area                          Progress
      Nol kilometer dari OERR                    55%                             60 hektare                  Lebih dari 400 unit rumah
      (Outer East Ring Road),                                                    60 hectares                      dan ruko terjual
           Surabaya Timur                                                                                     More than 400 units of
      0 kilometres from OERR                                                                                  houses and shop house
      (Outer East Ring Road),                                                                                      have been sold
            East Surabaya



    Kemudahan
    Amenities
    Pusat komunitas, jalur lari, taman bermain, area komersial, mixed-used area, tempat pertemuan, water feature dan water promenade.
    Community center, jogging track, playground, commercial area, mixed-used area, meeting point, water feature and water promenade.




                                                         Plaza Segi Delapan


    Deskripsi
    Description
    Pengembangan Plaza Segi Delapan tahap II dilakukan pada 2022. Berlokasi di kawasan Darmo, Surabaya Barat, Plaza Segi Delapan
    tahap II menyediakan unit rukan (rumah-kantor) tiga lantai yang mampu mengakomodasi semua jenis toko, ritel, dan kantor.
    The development of Plaza Segi Delapan Phase II began in 2022. Located in the Darmo area of West Surabaya, Plaza Segi Delapan Phase
    II offers three-story office-house units designed to accommodate all types of shops, retail businesses, and offices.



             Lokasi                           Kepemilikan                       Luas Kawasan                         Progres
            Location                           Ownership                          Total Area                         Progress
     Sukomanunggal, Surabaya                     100%                            0,3 hektare                     Sudah terbangun
     Sukomanunggal, Surabaya                                                     0.3 hectares                       Developed



    Kemudahan
    Amenities
    One-gate system 24 jam, dekat gerbang tol satelit, pusat perbelanjaan (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall),
    dan sekolah (Elyon Christian Secondary School, IPH School West, dan Great Crystal School).
    A one-gate 24-hour system, close to the satellite toll gate, shopping centers (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc
    Mall), and schools (Elyon Christian Secondary School, IPH School West, and Great Crystal School).




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                                                           Sakha Semanan


 Deskripsi
 Description
 Sakha Semanan adalah pengembangan perumahan Intiland yang berlokasi di dalam kawasan Taman Semanan Indah, Jakarta Barat.
 Perumahan ini dirancang dengan konsep tropis modern dan menawarkan tata ruang yang leluasa untuk memenuhi kebutuhan
 tinggal penghuni.
 Sakha Semanan is a housing development by Intiland located within the Taman Semanan Indah area, West Jakarta. This residential
 area is designed with a modern tropical concept and offers spacious layouts to meet the residents' living needs.



         Lokasi                              Kepemilikan                        Luas Kawasan                            Progres
        Location                              Ownership                           Total Area                            Progress
  Taman Semanan Indah,                          100%                             0,3 hektare                     Mulai pembangunan
      Jakarta Barat                                                              0.3 hectares                            tahap I
  Taman Semanan Indah,                                                                                         Starting Development for
      West Jakarta                                                                                                       Phase I



 Kemudahan
 Amenities
 Akses mudah ke Tol Dalam Kota dan Tol Jakarta-Merak, dekat Stasiun KRL Kalideres, area komersial ruko, mal dan pusat perbelanjaan,
 sekolah standar internasional, rumah sakit.
 Easy access to the Inner-City Toll Road and the Jakarta-Merak Toll Road, close to Kalideres KRL Station, commercial areas with
 shophouses, malls, and shopping centers, international standard schools, and hospitals.




                                                        Regatta Residence


 Deskripsi
 Description
 Regatta Residence merupakan kawasan perumahan terbaru yang menjadi bagian dari pengembangan kawasan Regatta yang berlokasi
 di Pantai Mutiara, Pluit, Jakarta Utara. Panorama tepi Laut Jawa menjadi nilai tambah bagi Regatta Residence, sehingga menciptakan
 pengalaman tinggal di rumah yang nyaman dan prestisius.
 Regatta Residence is the latest residential area that is part of the Regatta development, located at Pantai Mutiara, Pluit, North Jakarta.
 The panorama of the Java Sea adds value to Regatta Residence, creating a prestigious and comfortable living experience.



            Lokasi                           Kepemilikan                        Luas Kawasan                              Progres
          Location                            Ownership                           Total Area                             Progress
  Pantai Mutiara, Jakarta                       50%                              4,9 hektare                         Perataan lahan
            Utara                                                                4.9 hectares                       & pembangunan
   Pantai Mutiara, North                                                                                               infrastruktur
           Jakarta                                                                                                    Cut & fill and
                                                                                                                      infrastructure
                                                                                                                       development



 Kemudahan
 Amenities
 Akses mudah ke pusat bisnis, pusat perbelanjaan, serta Bandara Soekarno-Hatta, rumah sakit, sekolah internasional, pusat
 perbelanjaan Emporium Pluit dan Baywalk Mall.
 It offers easy access to business centers, shopping malls, Soekarno-Hatta Airport, hospitals, international schools, and shopping centers
 such as Emporium Pluit and Baywalk Mall.




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                                                                       Tierra Residence


    Deskripsi
    Description
    Tierra Residence menghadirkan hunian berkonsep modern tropis yang menggabungkan elemen desain kontemporer dengan sentuhan
    alam. Dikelilingi lingkungan yang hijau dan asri, unit di Tierra Residence juga terintegrasi dengan community park sebagai pusat
    kegiatan sosial para penghuni.
    Tierra Residence offers a modern tropical concept residence that blends contemporary design elements with a touch of nature.
    Surrounded by a green and refreshing environment, units at Tierra Residence are also integrated with a community park as a social
    hub for residents.



             Lokasi                                    Kepemilikan                                Luas Kawasan                         Progres
            Location                                    Ownership                                   Total Area                        Progress
         Darmo Harapan,                                   100%                                      1,5 hektare                 Proses pembangunan
     Sukomanunggal, Surabaya                                                                       1.5 hectares                  Under development
         Darmo Harapan,
     Sukomanunggal, Surabaya



    Kemudahan
    Amenities
    Community park, area komersial, keamanan 24 jam, pusat kebugaran, kolam renang, dekat gerbang tol satelit, pusat perbelanjaan
    (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), dekat dengan rumah sakit (National Hospital, Mitra Keluarga), dan
    sekolah (Piaget Life Academi, Elyon Christian Secondary Sc).
    A community park, commercial areas, 24-hour security, a fitness center, a swimming pool, close proximity to the satellite toll gate,
    shopping centers (Spazio, Loop, Graha Fairground, Pakuwon Mall, Lenmarc Mall), hospitals (National Hospital, Mitra Keluarga), and
    schools (Piaget Life Academy, Elyon Christian Secondary School).




TINJAUAN KEUANGAN SEGMEN KAWASAN PERUMAHAN
FINANCIAL OVERVIEW OF LANDED RESIDENTIAL SEGMENT


 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                                                   % terhadap                              % terhadap
        Kawasan Perumahan                                          Pendapatan                              Pendapatan       Pertumbuhan     Persentase
                                                   2025                                        2024
         Landed Residential                                          % to the                                % to the          Growth       Percentage
                                                                    Revenue                                 Revenue
 Pendapatan
                                                     781.998             100.00%                659.423           100,00%         122,575         18.59%
 Revenue
 Beban Pokok
                                                     328.308               41,98%               396.970           60,20%          -68,663         -17.30%
 Cost of Sales
 Laba Kotor
                                                     453.690               58,02%               262.453            39,80%         191,237         72.87%
 Gross Profit




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KAWASAN INDUSTRI
INDUSTRIAL ESTATE

Kawasan industri merupakan segmen operasional Perseroan         Industrial estates represent one of the Company’s operational
yang berfokus pada pengembangan dan pengelolaan                 segments, focusing on the development and management
kawasan industri yang didukung oleh infrastruktur memadai       of industrial areas supported by adequate infrastructure
dan lokasi strategis. Segmen ini berperan sebagai bagian        and strategic locations. This segment serves as part of the
dari diversifikasi portofolio usaha Perseroan serta ditujukan   Company’s business portfolio diversification and is intended
untuk mendukung aktivitas manufaktur dan logistik dalam         to support manufacturing and logistics activities over the
jangka menengah hingga panjang.                                 medium to long term.


Hingga tahun 2025, Perseroan mengelola kawasan industri         As of 2025, the Company manages its principal industrial
utama yang berlokasi di Jawa Timur dan Jawa Tengah, yaitu       estates located in East Java and Central Java, namely Ngoro
Ngoro Industrial Park di Kabupaten Mojokerto dan Batang         Industrial Park in Mojokerto Regency and Batang Industrial
Industrial Park di Kabupaten Batang. Ngoro Industrial Park      Park in Batang Regency. Ngoro Industrial Park is an industrial
merupakan kawasan industri yang telah dikembangkan              estate that has been developed in phases since 1991 and has
secara bertahap sejak tahun 1991 dan menjadi salah satu aset    become one of the Company’s well-established industrial
kawasan industri yang mapan milik Perseroan. Perseroan          assets. The Company also develops and manages the
juga membangun dan mengelola kawasan pergudangan                Aeropolis Technopark warehouse area in Tangerang.
Aeropolis Technopark di Tangerang.

Proses Produksi                                                 Production Process
Proses produksi untuk pengembangan proyek kawasan               The production process for the development of industrial
industri dimulai dari tahapan studi kelayakan proyek.           estate projects begins with the feasibility study stage.
Perseroan mengkaji berbagai aspek untuk memastikan              The Company assesses various aspects to ensure that the
bahwa proyek kawasan industri yang akan dikembangkan            industrial estate projects to be developed are feasible to
layak untuk dibangun. Setelah melalui kajian mendalam,          be constructed. Following a comprehensive evaluation, the
Perseroan melakukan pembelian lahan di area yang strategis      Company proceeds with the acquisition of land in strategic
sesuai dengan hasil studi yang telah dilakukan.                 locations in accordance with the results of the studies
                                                                conducted.


Pada tahap berikutnya, Perseroan menunjuk konsultan             At the subsequent stage, the Company appoints consultants
untuk membantu penyusunan rencana induk. Secara paralel,        to assist in the preparation of the master plan. In parallel,
Perseroan memproses perizinan yang dibutuhkan untuk             the Company processes the required permits to commence
dapat memulai pembangunan proyek.                               project development.


Setelah kesiapan desain dan perizinan terpenuhi, Perseroan      Once design readiness and permitting requirements have
melaksanakan     pembangunan       proyek    dan    aktivitas   been fulfilled, the Company carries out project development
pemasaran. Dalam tahapan ini, Perseroan melakukan               and marketing activities. At this stage, the Company
pembukaan lahan, perataan tanah, serta pembangunan              undertakes land clearing, cut and fill works, and infrastructure
infrastruktur   sesuai   dengan    tahap    pengembangan,       development in accordance with the development phases,
khususnya pada area yang telah dijual.                          particularly in areas that have been sold.




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Setelah proses pembangunan infrastruktur dan perataan                      Upon completion of infrastructure development and
tanah selesai, Perseroan melakukan serah terima lahan                      earthworks, the Company hands over the industrial land that
kawasan industri yang telah dijual kepada pembeli.                         has been sold to buyers. Subsequently, the Company carries
Selanjutnya, Perseroan melaksanakan tata kelola kawasan                    out the management of the industrial estate, including
industri, termasuk pengelolaan fasilitas umum dan fasilitas                the management of public and social facilities, as well as
sosial, serta pengelolaan lingkungan dan limbah kawasan.                   environmental and waste management within the estate.

Pemasaran dan Penjualan                                                    Marketing and Sales
Perseroan menerapkan strategi dan pola pemasaran                           The Company implements a focused marketing strategy
yang     terfokus      dalam         penjualan    kawasan      industri,   and approach for the industrial estate segment, adopting a
dengan pendekatan business to business (B2B) yang                          business-to-business (B2B) approach targeting corporations
menyasar korporasi dan investor. Strategi pemasaran                        and investors. Marketing strategies are formulated in a
dirumuskan secara terarah, baik di tingkat korporasi                       structured manner, both at the corporate level and for
maupun untuk masing-masing kawasan industri, dengan                        each industrial estate, by considering market demand
mempertimbangkan              karakteristik       permintaan      pasar    characteristics as well as the dynamics of the manufacturing
serta dinamika sektor manufaktur dan logistik. Dalam                       and logistics sectors. To support the planning and execution
mendukung perencanaan dan pelaksanaan aktivitas                            of marketing and sales activities, the Company selectively
pemasaran dan penjualan, Perseroan secara selektif                         engages external parties, such as consultants, including for
melibatkan pihak eksternal, seperti konsultan, termasuk                    design development, advertising, promotional materials,
dalam pengembangan desain, iklan, materi promosi,                          production, and the organization of marketing activities.
produksi, hingga penyelenggaraan kegiatan pemasaran.                       In line with evolving business behavior, the Company also
Sejalan dengan perkembangan perilaku pelaku usaha,                         optimizes the use of digital communication channels
Perseroan juga mengoptimalkan pemanfaatan kanal                            through its website and participates in industrial estate
komunikasi digital melalui situs web serta berpartisipasi                  exhibitions and forums in a measured manner to reach a
dalam pameran dan forum kawasan industri secara terukur                    broader potential market.
untuk menjangkau potensi pasar yang lebih luas.


Dalam konteks situasi pasar, sepanjang tahun 2025 sektor                   In terms of market conditions, throughout 2025 the
kawasan industri dihadapkan pada kondisi yang menuntut                     industrial estate sector faced conditions that required
kehati-hatian investor di tengah ketidakpastian ekonomi                    investor prudence amid global economic uncertainty.
global. Aktivitas transaksi lahan industri berlangsung                     Industrial land transactions took place selectively, while
selektif, sementara keterbatasan pasokan lahan yang                        limited available land supply influenced market dynamics
tersedia turut memengaruhi dinamika pasar dan menjaga                      and helped maintain occupancy levels at a relatively stable
tingkat okupansi tetap pada level yang relatif stabil.                     level. In this context, demand tended to be directed toward
Dalam konteks tersebut, permintaan cenderung terarah                       industrial estates supported by adequate infrastructure,
pada kawasan industri yang didukung oleh infrastruktur                     strong accessibility, and readiness to support medium- to
memadai, aksesibilitas yang baik, serta kesiapan kawasan                   long-term operational needs.
untuk      mendukung           kebutuhan         operasional    jangka
menengah hingga panjang.


Mencermati kondisi pasar tersebut, Perseroan menerapkan                    In response to these market conditions, the Company
pendekatan pemasaran yang selektif dengan memfokuskan                      adopted a selective marketing approach by focusing on
pada optimalisasi pemanfaatan aset kawasan industri                        optimizing the utilization of existing industrial estate assets.
yang telah tersedia. Perolehan marketing sales segmen                      Marketing sales for the industrial estate segment in 2025
kawasan industri pada tahun 2025 berasal dari penjualan                    were derived from the sale of industrial land, while revenue
lahan industri, sementara pendapatan usaha diperoleh dari                  was generated from the recognition of land sales as well




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pengakuan penjualan lahan serta pendapatan berulang              as recurring income from estate management, supporting
dari pengelolaan kawasan, fasilitas pendukung, dan sewa          facilities, and warehouse leasing. Throughout 2025, the
pergudangan. Sepanjang tahun 2025, segmen kawasan                industrial estate segment recorded marketing sales of
industri mencatatkan marketing sales sebesar Rp638,2             Rp638.2 billion, equivalent to 31.9% of the total marketing
miliar, setara 31,9% dari target marketing sales Rp2 triliiun.   sales target of Rp2 trillion. This represents an increase of
Pencapaian tersebut naik 12,6% dari tahun 2024 sebesar           12.6% compared to marketing sales in 2024 of Rp567 billion.
Rp567 miliar. Kontributor utama berasal dari penjualan           The main contributions came from industrial land sales at
lahan industri di Batang Industrial Park, Ngoro Industrial       Batang Industrial Park and Ngoro Industrial Park, as well as
Park, serta penjualan unit-unit pergudangan di Aeropolis         warehouse unit sales at Aeropolis Technopark.
Techno Park.


Pada tahun 2025 segmen pengembangan kawasan industri             In 2025 the industrial estate development segment recorded
membukukan pendapatan usaha sebesar Rp510,4 miliar,              revenue of Rp510.4 billion, representing a decrease of 20%
atau menurun 20% dibandingkan tahun sebelumnya sebesar           compared to Rp638.3 billion in the previous year. Revenue
Rp638,3 miliar. Kontribusi pendapatan terutama berasal           contributions were primarily derived from the recognition
dari pengakuan penjualan lahan industri, pendapatan dari         of industrial land sales, income from industrial estate
pengelolaan kawasan industri, serta sewa dan pengelolaan         management, and leasing and management of warehouse
fasilitas pergudangan.                                           facilities.

Pengembangan Masa Depan                                          Future Development
Selain dua kawasan industri dan kawasan pergudangan yang         In addition to the two industrial estate and warehouse area
sedang dikembangkan saat ini, Perseroan memiliki rencana         currently under development, the Company has long-term
jangka panjang untuk mengembangkan kawasan industri              plans to develop additional industrial estates in several
lainnya di sejumlah wilayah di pulau Jawa, salah satunya         locations across Java, including in Jombang, East Java. The
di Jombang, Jawa Timur. Perseroan juga masih akan terus          Company will also continue to develop the remaining area
mengembangkan sisa area dari pengembangan tahap kedua            of Phase II of Ngoro Industrial Park, expand land at Batang
Ngoro Industrial Park, ekspansi lahan di Batang Industrial       Industrial Park, and further develop the warehouse area at
Park, dan area pergudangan Aeropolis Technopark.                 Aeropolis Technopark.


Perseroan      mencermati       pengembangan        kawasan      The Company observes that the development of industrial
industri di Indonesia memiliki prospek yang sangat baik.         estate in Indonesia has very positive prospects. Industrial
Pengembangan kawasan industri juga memiliki potensi              estate development also holds significant potential to
signifikan   untuk   menopang      pertumbuhan      ekonomi,     support economic growth, investment, and job creation. The
investasi, dan penyediaan lapangan kerja. Perseroan percaya      Company believes that the development of industrial areas
pengembangan kawasan industri dapat memberikan efek              can have a dual impact on the national economy, including
ganda bagi ekonomi nasional, termasuk peningkatan                boosting local economic growth, creating new jobs, and
pertumbuhan ekonomi lokal, penciptaan lapangan kerja             increasing regional revenue through taxes.
baru, dan peningkatan pendapatan daerah melalui pajak.




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Kapasitas dan Pengembangan Kawasan Industri
Capacity and Development of Industrial Estate


                                                        Ngoro Industrial Park


    Deskripsi
    Description
    Ngoro Industrial Park merupakan kawasan industri berlokasi di lembah Gunung Penanggungan, Ngoro, Mojokerto, Jawa Timur.
    Berjarak hanya sekitar 50 km dari Pelabuhan Tanjung Perak, Surabaya, kawasan industri ini menjadi pilihan favorit banyak perusahaan
    nasional dan multinasional.
    Ngoro Industrial Park is an industrial estate in the valley of Mount Penanggungan, Ngoro, Mojokerto, East Jawa. Located at a mere 50
    km from Tanjung Perak Port, Surabaya, this industrial estate is a popular choice for many national and international companies seeking
    for a base for their operations.



                    Lokasi                                      Kepemilikan                                    Luas Kawasan
                   Location                                      Ownership                                       Total Area
             Mojokerto, Jawa Timur                                 100%                                         500 hektare
             Mojokerto, East Jawa                                                                               500 hectares



    Infrastruktur
    Infrastructure
    Pasokan gas alam oleh PGN dan DPS Gas, pengolahan limbah, pembangkit listrik, telekomunikasi.
    Natural gas suplay from PGN and DPS Gas, waste management, power plant, telecommunication.



    Fasilitas & Layanan
    Facilities & Services
    Zona kawasan berikat, standard factory building, pergudangan, area komersial, bank, perkantoran.
    Bonded zone, standard factory building, warehouses, commercial zone, banks, offices.



    Perusahaan
    Companies
    Roman, H.B. Fuller, Mulia Ceramics, Yakult, Mitsui-Soko Holdings, Hitachi, Toyota-Astra Motor, Unicharm, dan lainnya.
    Roman, H.B. Fuller, Mulia Ceramics, Yakult, Mitsui-Soko Holdings, Hitachi, Toyota-Astra Motor, Unicharm, etc.



    Kemudahan
    Amenities
    Jalan tol, jalan utama, 45 km dari Surabaya, 50 km dari Pelabuhan Tanjung Perak, 50 km dari Bandara Internasional Juanda.
    Toll roads, main road, 45 km from Surabaya, 50 km from Tanjung Perak Port, 50 km from Juanda International Airport.




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                                                      Batang Industrial Park


 Deskripsi
 Description
 Batang Industrial Park (BIP) merupakan pengembangan kawasan industri terpadu yang berlokasi di Kabupaten Batang, Jawa Tengah.
 Pengembangan BIP melalui perencanaan berkelanjutan dengan mengembangan konsep kawasan sebagai “The future key industrial
 hub of Central Java”. Dikembangkan di lahan dengan jenis tanah padat dan kokoh, kawasan ini menjamin kestabilan struktur bangunan
 serta dapat menekan biaya konstruksi. Batang Industrial Park juga menyediakan area pergudangan, area komersial, area penghijauan,
 serta beragam fasilitas infrastruktur penunjang yang lengkap di lahan pengembangan yang direncanakan seluas 280 hektare.
 Batang Industrial Park (BIP) is an integrated industrial area being developed in Batang Regency, Central Java. The development of BIP
 is carried out through sustainable planning with a spatial concept that serves its purpose to become “the future key industrial hub of
 Central Java”. Built upon solid and sturdy soil, this industrial park guarantees the stability of the building structures and furthermore
 reduces construction costs. Batang Industrial Park also provides a warehousing area, commercial area, greenery, and various supporting
 facilities and infrastructure on a planned development area encompassing 280 hectares.



          Lokasi                             Kepemilikan                        Luas Kawasan                            Progres
         Location                             Ownership                           Total Area                           Progress
    Batang, Jawa Tengah                         100%                         287 hektare (Fase 1)                Tahap pengembangan
    Batang, Central Jawa                                                    287 hectares (1st Phase)              Development Phase



 Infrastruktur
 Infrastructure
 Jaringan listrik, gas alam, telekomunikasi, pusat pengelolaan air dan limbah terpadu, air bersih, lebar jalan utama 26 meter dan jalan
 kawasan 16 meter, managemen kawasan.
 Electricity, natural gas, telecommunication, waste water treatment plant (WWTP), clean water, Right of Way 16 meters, main road 26
 meters, property management.



 Fasilitas & Layanan
 Facilities & Services
 Pergudangan, area komersial, mini market, kantor manajemen, pos polisi, pemadam kebakaran.
 Warehouse, commercial area, mini market, management office, police station, fire brigade.



 Perusahaan
 Companies
 Nestle, UnitedCan, dan lainnya.
 Nestle, UnitedCan, etc.



 Kemudahan
 Amenities
 Berlokasi strategis tepat di tengah-tengah Pulau Jawa, 1 km dari akses jalan nasional (Jalan Raya Subah, Tulis, Batang), berbagai
 transportasi hubs seperti bandara dan juga Pelabuhan, akses masuk ke dalam kawasan ini dapat ditempuh dengan mudah hanya 10
 menit melalui gerbang tol Kandeman, Batang. Lokasi strategi yang ditunjang dengan akses jalan tol memberikan nilai tambah bagi
 investor untuk distribusi barang ke berbagai fasilitas seperti pelabuhan maupun bandara internasional.
 Strategically located right at the central nexus of Java Island, 1 km from the national road (Subah, Tulis, Batang National Road), various
 transportation hubs such as airport and seaport, this development area can be easily accessed within 10 minutes from the Kandeman
 Toll Gate in Batang. This strategic location is further supported by a toll road access that gives investor an immense added value in
 terms of the ease of distribution of goods to numerous facilities, such as seaports and international airports.




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                                                         Aeropolis Techno Park


    Deskripsi
    Description
    Aeropolis Techno Park adalah pengembangan area pergudangan modern yang menjadi bagian dari pengembangan kawasan mixed-
    use terpadu Aeropolis yang berlokasi dekat Bandara Internasional Soekarno-Hatta. Dirancang sebagai area pergudangan modern,
    Aeropolis Techno Park berdampingan dengan area komersial, perkantoran dan hunian. Tersedia dalam berbagai tipe dan ukuran,
    pergudangan Aeropolis memberikan nilai tambah investasi dan menunjang kebutuhan bisnis. Lokasi sangat strategis hanya berjarak
    sekitar 700 meter dari Cargo Village, TOD Bandara Soeta, dan rencana Tol JORR 2 sehingga menunjang kebutuhan logistik dan distribusi
    cargo di area bandara.
    Aeropolis Techno Park is the development of a modern warehouse area that is part of the integrated mixed-use development of
    Aeropolis, located near Soekarno-Hatta International Airport. Designed as a modern warehouse area, Aeropolis Techno Park is
    situated alongside commercial, office, and residential areas. Available in various types and sizes, the Aeropolis warehouses offer added
    investment value and support business needs. The location is highly strategic, just approximately 700 meters from Cargo Village, Soeta
    Airport TOD, and the planned JORR 2 Toll Road, thus supporting logistics and cargo distribution needs in the airport area.



               Lokasi                           Kepemilikan                         Luas Kawasan                           Progres
              Location                           Ownership                            Total Area                           Progress
       500 meter dari Bandara                      100%                               30 hektare                   90% dari total unit telah
      Internasional Soekarno –                                                       30 hectares                            terjual
          Hatta, Tangerang                                                                                        90% of the total units have
     500 meters from Soekarno                                                                                             been sold
        – Hatta International
         Airport, Tangerang



    Infrastruktur
    Infrastructure
    Jaringan listrik, telekomunikasi, air bersih, infrastruktur jalan utama dan jalan kawasan, managemen kawasan.
    Electricity, telecommunication, clean water, main road infrastructure, property management.



    Fasilitas & Layanan
    Facilities & Services
    Apartemen, perkantoran, area komersial, mini market, hotel, kantor manajemen, klub olahraga.
    Apartment, offices, commercial area, mini market, hotel, management office, club house.



    Kemudahan
    Amenities
    Lokasi strategis dengan bandara internasional Soekarno Hatta, hanya berjarak sekitar 700 m yang juga dilengkapi akses kereta
    bandara. Tersedia akses jalan tol bandara dan jalan provinsi yang memudahkan mobilitas dan distribusi barang ke berbagai fasilitas
    seperti pelabuhan. Berjarak sekitar 35 km dari pelabuhan Tanjung Priok, Jakarta Utara.
    The strategic location near Soekarno-Hatta International Airport, just approximately 700 meters away, is also equipped with access to
    the airport train. It provides access to the airport toll road and provincial roads, facilitating mobility and the distribution of goods to
    various facilities such as ports. It is approximately 35 km from Tanjung Priok Port, North Jakarta.




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TINJAUAN KEUANGAN SEGMEN KAWASAN INDUSTRI
FINANCIAL OVERVIEW OF INDUSTRIAL ESTATE SEGMENT


 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                                                   % terhadap                              % terhadap
          Kawasan Industri                                         Pendapatan                              Pendapatan    Pertumbuhan        Persentase
                                                   2025                                        2024
          Industrial Estate                                          % to the                                % to the       Growth          Percentage
                                                                    Revenue                                 Revenue
 Pendapatan
                                                      510.369            100,00%                638.349        100,00%        -127,980            -20.05%
 Revenue
 Beban Pokok
                                                      301.332              59,04%               454.502         71,20%         -153,170            -33.70%
 Cost of Sales
 Laba Kotor
                                                     209.037               40,96%                183.847        28,80%          25,190              13.70%
 Gross Profit




PROPERTI INVESTASI
INVESTMENT PROPERTIES

Properti investasi merupakan segmen operasional Perseroan                              Investment properties represent one of the Company’s
yang mencakup pengelolaan dan penyewaan berbagai                                       operational segments, encompassing the management and
jenis aset properti, antara lain ruang perkantoran, pusat                              leasing of various types of property assets, including office
perbelanjaan, fasilitas olahraga dan rekreasi, pergudangan,                            spaces, shopping centers, sports and recreational facilities,
ruko, asrama, serta pengelolaan limbah di kawasan industri.                            warehouses, shophouses, dormitories, as well as waste
Segmen ini berperan sebagai sumber pendapatan berulang                                 management within industrial estates. This segment serves
(recurring income) yang mendukung stabilitas kinerja usaha                             as a source of recurring income that supports the long-term
Perseroan dalam jangka panjang.                                                        stability of the Company’s business performance.


Hingga tahun 2025, Perseroan mengelola berbagai aset                                   As of 2025, the Company manages a range of investment
properti investasi yang tersebar di Jakarta, Tangerang,                                property assets located in Jakarta, Tangerang, Surabaya,
Surabaya, Mojokerto, dan Batang. Di Jakarta, aset properti                             Mojokerto, and Batang. In Jakarta, these assets include office
investasi meliputi gedung perkantoran Intiland Tower                                   buildings such as Intiland Tower Jakarta and South Quarter,
Jakarta dan South Quarter, pusat perbelanjaan Poins, serta                             the Poins shopping center, as well as sports and recreational
fasilitas olahraga dan rekreasi seperti Pantai Mutiara Sports                          facilities including Pantai Mutiara Sports Club, Serenia
Club, Serenia Mansion Club di kawasan Serenia Hills, serta                             Mansion Club in the Serenia Hills residential area, and Splash
Splash Swimming Pool & Gym di Taman Semanan Indah.                                     Swimming Pool & Gym in Taman Semanan Indah.


Di Tangerang, Perseroan mengelola aset properti investasi                              In Tangerang, the Company manages investment property
berupa fasilitas olahraga dan kawasan pendukung di Talaga                              assets comprising sports facilities and supporting areas
Bestari serta kawasan Aeropolis. Sementara itu, di Surabaya,                           in Talaga Bestari and the Aeropolis area. Meanwhile, in
aset properti investasi meliputi gedung perkantoran Intiland                           Surabaya, the Company’s investment properties include
Tower Surabaya, Spazio, Spazio Tower, dan Praxis, serta                                office buildings such as Intiland Tower Surabaya, Spazio,
fasilitas olahraga dan rekreasi seperti Golf Graha Famili                              Spazio Tower, and Praxis, as well as sports and recreational
& Country Club, ROCA Sport Center, Loop, Fair Ground di                                facilities including Golf Graha Famili & Country Club, ROCA
Graha Famili, serta Natura Club House di Graha Natura.                                 Sport Center, Loop, Fair Ground in Graha Famili, and Natura




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Di Mojokerto, properti investasi Perseroan mencakup               Club House in Graha Natura. In Mojokerto, the Company’s
penyewaan gudang, asrama, dan ruko, serta pengelolaan             investment properties include warehouse, dormitory, and
limbah di kawasan industri Ngoro Industrial Park.                 shophouse leasing, as well as waste management within the
                                                                  Ngoro Industrial Park.

Pemasaran                                                         Marketing
Perseroan menerapkan strategi pemasaran yang terfokus             The Company implements a marketing strategy focused
pada penguatan pendapatan berulang dari segmen properti           on strengthening recurring income from the investment
investasi, melalui optimalisasi pengelolaan dan pemasaran         properties segment through the optimization of the
aset-aset yang telah beroperasi. Strategi pemasaran               management and marketing of operating assets. Marketing
dirumuskan secara terarah dengan penekanan pada aktivitas         strategies are formulated in a structured manner with an
penyewaan perkantoran, apartemen, ritel, serta fasilitas          emphasis on leasing activities for office spaces, apartments,
pendukung lainnya. Dalam pelaksanaannya, Perseroan                retail, and other supporting facilities. In its implementation,
secara selektif menjalin kerja sama dengan agen dan               the Company selectively establishes partnerships with agents
mitra profesional untuk mendukung aktivitas pemasaran,            and professional partners to support marketing activities,
sekaligus mengoptimalkan pemanfaatan kanal komunikasi             while also optimizing the use of digital communication
digital dalam menjangkau calon penyewa yang relevan.              channels to reach relevant prospective tenants.


Dalam konteks pasar, sepanjang tahun 2025 segmen                  In terms of market conditions, throughout 2025 the
properti investasi dihadapkan pada kondisi pasar yang masih       investment properties segment faced a market environment
berlangsung secara selektif, seiring dengan ketidakpastian        that remained selective, in line with global economic
ekonomi global dan kehati-hatian pelaku usaha dalam               uncertainty and the cautious approach of businesses in
mengambil keputusan ekspansi. Perseroan mencermati                making expansion decisions. The Company observed that
bahwa persaingan pada segmen perkantoran masih cukup              competition in the office segment remained relatively
ketat, khususnya akibat ketersediaan pasokan ruang kantor         intense, particularly due to the high supply of office space
yang relatif tinggi di sejumlah kawasan, yang berdampak           in certain areas, which affected rental rates and occupancy
pada tingkat sewa dan tingkat hunian. Di sisi lain, permintaan    levels. On the other hand, demand from the domestic
dari pasar domestik serta kebutuhan ruang usaha dengan            market, as well as the need for flexible business spaces,
fleksibilitas penggunaan tetap menjadi penopang aktivitas         continued to support leasing activities across several of the
leasing di beberapa aset Perseroan.                               Company’s assets.


Menyikapi       kondisi      tersebut,   Perseroan   menerapkan   In response to these conditions, the Company adopted an
pendekatan yang adaptif dengan memfokuskan strategi               adaptive approach by focusing its strategy on increasing
pada peningkatan tingkat hunian, optimalisasi pemanfaatan         occupancy rates, optimizing the utilization of available
ruang dan lahan yang tersedia, serta penguatan hubungan           space and land, and strengthening relationships with
dengan penyewa melalui berbagai kegiatan yang mendukung           tenants through various initiatives that support community
komunitas dan aktivitas usaha. Perseroan juga terus               engagement and business activities. The Company also
mengevaluasi peluang kolaborasi dengan berbagai pihak             continuously evaluates opportunities for collaboration with
guna meningkatkan efisiensi operasional dan memperluas            various parties to improve operational efficiency and expand
basis penyewa, sejalan dengan strategi konsolidasi dan            its tenant base, in line with its strategy of consolidation and
penguatan fundamental operasional.                                strengthening operational fundamentals.


Pada tahun 2025 segmen properti investasi mencatatkan             In 2025, the investment property segment recorded revenue
pendapatan usaha sebesar Rp947,7 miliar atau meningkat            of Rp947.7 billion, representing an increase of 7.2% compared
7,2% dibandingkan pendapatan usaha tahun 2024 sebesar             to Rp883.8 billion in the previous year. The investment
Rp883,8 miliar. Segmen properti investasi memberikan              properties segment contributed the largest share of revenue,
kontribusi pendapatan usaha terbesar mencapai 38,5% dari          accounting for 38.5% of the total. Revenue contributions were
keseluruhan. Kontribusi pendapatan terutama berasal dari          primarily derived from leasing income from office spaces,
pendapatan sewa ruang perkantoran, apartemen, pusat               apartments, shopping centers, sports and recreational
perbelanjaan, fasilitas olahraga dan rekreasi, pergudangan,       facilities, warehouses, as well as the management of


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serta pengelolaan fasilitas pendukung lainnya, yang secara               supporting facilities, all of which contributed to the stability
keseluruhan mendukung stabilitas kinerja usaha Perseroan.                of the Company’s business performance.

Pengembangan Masa Depan                                                  Future Development
Di tahun 2025, Intiland masih fokus untuk meningkatkan                   In 2025, Intiland continued to focus on increasing the
kontribusi   pendapatan        berulang     untuk   memperkuat           contribution of recurring income to strengthen revenue
kinerja pendapatan usaha yang berasal dari segmen                        performance from the investment property segment.
properti investasi. Pendapatan pada segmen ini berasal                   Revenue in this segment is derived from office leasing, estate
dari   penyewaan       perkantoran,        pengelolaan    fasilitas      management, sports facilities, as well as other investment
kawasan, sarana olah raga, hingga investasi. Upaya tersebut              activities. These efforts are carried out through plans to
diantaranya akan dilakukan melalui rencana pengembangan                  develop office buildings in the future, manage industrial
gedung-gedung        perkantoran      di     masa    mendatang,          estates and residential areas, and expand sports club
pengelolaan kawasan industri maupun kawasan perumahan,                   facilities.
hingga menambah fasilitas klub olah raga.




Kapasitas dan Pengembangan Recurring Income
Capacity and Development of Recurring Income


                                                      Intiland Tower Jakarta


   Deskripsi
   Description
   Gedung perkantoran yang dirancang oleh Paul Rudolph ini menawarkan ruang bisnis yang tidak hanya dinamis, namun juga didukung
   oleh suasana yang asri. Gedung dengan luas bangunan yang disewakan 24.647 m2 ini mulai dibangun pada tahun 1984 ini selesai pada
   tahun 1986 dengan jumlah 23 lantai dan 2 basement.
   Office building designed by Paul Rudolph, offering business space that is not only dynamic but also green. The office building designed
   by Paul Rudolph offers an area for doing business that is not only dynamic but also boasts a green environment. The building, which
   was built in 1984 and completed in 1986, has a total leaseable building area of 24,647 m2, with 23 floors and 2 basement levels.



             Kategori                              Lokasi                         Kepemilikan                         Okupansi
             Category                            Location                          Ownership                          Occupancy
       Perkantoran dan ritel           Jl. Jend. Sudirman Jakarta                    100%                                85%
         Offices and retail                        Pusat
                                        Jend. Sudirman, Central
                                                  Jakarta



   Kemudahan
   Amenities
   Ruang serba guna, pujasera, restoran, kedai kopi, internet berkecepatan tinggi, ATM dan bank, mini market, penukaran uang, apotek,
   CCTV dan keamanan 24 jam, tempat parkir, kartu akses, akses stasiun MRT, akses Bus Transjakarta.
   Multifunction hall, food court, coffee shop, restaurant, high speed internet, ATM and bank, mini market, money changer, pharmacy,
   CCTV and 24-hour security, parking lot, access card, access to MRT station, bus Transjakarta access.




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                                                        Intiland Tower Surabaya


    Deskripsi
    Description
    Gedung perkantoran yang dirancang dengan bentuk yang indah serta menerapkan kaidah-kaidah gedung hemat energi. Bangunan
    ikonik ini melengkapi setiap lantainya dengan teras untuk memberikan sirkulasi udara dan pencahayaan natural. Gedung yang
    dibangun pada tahun 1995 dan selesai di tahun 1997 ini memiliki luasan 19.568 m2 dengan jumlah 12 lantai dan 3 basement.
    An office building designed with beauty and elegance in mind, and in accordance with energy-efficient building principles. Each floor in
    this iconic building is equipped with a terrace to provide better air circulation and natural lighting. The building began to be constructed
    in 1995 and was completed in 1997. It has a total area of 19,568 m2 with 12 floors and 3 basement levels.



             Kategori                               Lokasi                           Kepemilikan                            Okupansi
             Category                              Location                           Ownership                             Occupancy
      Pengelolaan kantor dan               Jl. Panglima Sudirman,                       100%                                   71%
                ritel                             Surabaya
         Offices and retail                Jl. Panglima Sudirman,
                                                  Surabaya



    Kemudahan
    Amenities
    Kartu akses, area parkir, jaringan serat optik, CCTV dan keamanan 24 jam, ATM, dekat dengan rumah sakit (Dr Soetomo, Siloam,
    Husada Utama), dekat dengan hotel (Praxis, Sheraton, Four Points, JW Mariot), dekat dengan pusat perbelanjaan, dekat dengan
    Stasiun Kereta Api Gubeng Surabaya.
    Access card, parking lot, fiber optic network, CCTV and 24-hour security, ATM, near hospitals (Dr. Soetomo, Siloam, Husada Utama),
    near hotels (Praxis, Sheraton, Four Points, JW Marriott), near shopping centers (Grand City Mall, Tunjungan Plaza), near Gubeng Train
    Station, Surabaya.




                                                                Spazio Tower


    Deskripsi
    Description
    Menjadi bagian dari pengembangan mixed-use di kawasan komersial Graha Famili, Spazio Tower dirancang untuk memenuhi beragam
    kebutuhan Anda untuk bekerja dan bersantai. Spazio Tower meliputi perkantoran, komersial dan hotel.
    As a development of the mixed-use property located in Graha Famili commercial zone, Spazio Tower has been designed to cater to all
    your work and leisure needs. Spazio Tower consist of office, commercial, and hotel.



               Lokasi                           Kepemilikan                          Luas Kawasan                          Okupansi
              Location                           Ownership                             Total Area                          Occupancy
       Graha Famili, Surabaya                      100%                               0,5 hektare                           Ritel 65%
               Barat                                                                  0.5 hectares                      Perkantoran 91%
         Graha Famili, West                                                                                                Hotel 73%
             Surabaya                                                                                                      Retail 65%
                                                                                                                           Office 91%
                                                                                                                           Hotel 73%



    Kemudahan
    Amenities
    Jaringan serat optik, internet berkecepatan tinggi, hotel bintang lima, koridor terbuka, pujasera, pusat kebugaran, aula, ruang rapat,
    dekat dengan tol Surabaya – Porong, pusat perbelanjaan, dan rumah sakit National Hospital dan Mitra Keluarga.
    Fiber optic network, high speed internet, five stars hotel, open corridors, food court, gym, auditorium, meeting room, near highways
    Surabaya – Porong, near shopping center, near National Hospital & Mitra Keluarga Hospital.




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                                                         World Trade Center


 Deskripsi
 Description
 Pusat perbelanjaan yang dikhususkan untuk menjual telepon seluler, laptop, kamera, maupun gadget lainnya di kota Surabaya.
 WTC dibangun pada tahun 1991 dan selesai pada tahun 1993, pusat perbelanjaan ini memiliki 6 lantai dan 2 basement dengan luas
 bangunan 24.567 m2.
 A shopping center mainly selling cellular phones, laptops, cameras, and other gadgets in Surabaya. WTC was constructed in 1991 and
 was completed in 1993, with 6 floors and 2 basement levels, and a total building area of 24,567 m2.



          Kategori                              Lokasi                             Kepemilikan                           Okupansi
          Category                             Location                             Ownership                            Occupancy
    Perkantoran dan ritel              Jalan Pemuda, Surabaya                         32%                                   85%
      Offices and retail               Pemuda street, Surabaya



 Kemudahan
 Amenities
 Resepsionis, musholla, parkir, area merokok, lintasan kursi roda, ATM, restoran, pujasera, nursery room.
 Receptionist, musholla, parking lot, smoking area, wheel chair, ATM, restaurant, food court, nursery room.




                                                                  POINS


 Deskripsi
 Description
 Poins merupakan superblok dengan konsep one stop shopping. Hadir dengan wajah baru berkonsep modern menjadi Transit Mall di
 kawasan TOD (Transit Oriented Development) Lebak Bulus. Berhasil memadukan pusat kuliner, bioskop, hiburan, belanja, pusat gadget
 dan elektronik, hotel, serta apartemen, memposisikan Poins menjadi hub dan meeting point baru di kawasan Jakara Selatan.
 Poins is a superblock with the concept of one stop shopping. Introduced with a new modern concept as a Transit Mall within the Lebak
 Bulus Transit-Oriented Development (TOD) area, Poins successfully integrates a culinary center, cinema, entertainment facilities, retail
 outlets, a gadget and electronics center, hotel, and apartments. This positions Poins as a new hub and meeting point in the South
 Jakarta.



                Kategori                                          Lokasi                                          Okupansi
                Category                                         Location                                         Occupancy
                  Ritel                                 Lebak Bulus, Jakarta Selatan                                 76%
                 Retail                                  Lebak Bulus, South Jakarta



 Kemudahan
 Amenities
 Pusat perbelanjaan, ritel, terdapat apartemen, hotel bintang empat, fasilitas food & beverage, kafe, restoran, dekat dengan MRT, dekat
 dengan transportasi umum, dekat dengan rumah sakit, dekat dengan perkantoran wilayah TB Simatupang.
 Shopping centers, retail, there are apartments, four-star hotels, food & beverage facilities, cafes, restaurants, close to the MRT, close to
 public transportation, close to hospitals, close to the TB Simatupang office area.




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                                                            Graha Pratama

   Deskripsi
   Description
   Gedung perkantoran yang terletak di Jakarta Selatan dengan luas bangunan 24.686 m2 terdiri dari 21 lantai dan 2 lantai basement yang
   dibangun pada 1995 dan diselesaikan pada 1997.
   Office building located in South Jakarta, with a total building area of 24,686 m2. It has 21 floors and 2 basement levels, constructed in
   1995 and was completed in 1997.


                   Kategori                                        Lokasi                                        Kepemilikan
                   Category                                       Location                                        Ownership
          Pengelolaan kantor dan ritel                 Jl. MT Haryono, Jakarta Selatan                              30%
               Office and retail                          MT Haryono, South Jakarta


   Kemudahan
   Amenities
   Pujasera, mini market, jalan tol, akses transjakarta, dekat dengan pusat perbelanjaan (Mal Kalibata, Kota Kasablanka).
   Food court, mini market, highway Trans Jakarta access, near shopping centers (Mal Kalibata, Kota Kasablanka).




                                                         Club Pantai Mutiara

   Deskripsi
   Description
   Fasilitas olahraga lengkap yang menawarkan suasana berbeda dengan pemandangan tepi laut Jakarta yang indah.
   A comprehensive sports complex with a unique ambience conferred by the glorious view of Jakarta’s beachfront.


                                  Kategori                                                             Lokasi
                                  Category                                                            Location
                         Pengelolaan klub olahraga                                       Pantai Mutiara, Pluit, Jakarta Utara
                          Sport club management                                          Pantai Mutiara, Pluit, North Jakarta


   Fasilitas
   Facilities
   Gym, tenis meja, loker & ruang shower, sauna, kolam renang, restoran.
   Gym, table tennis, lockers & shower room, sauna, swimming pool, restaurants.




                                                        Club Serenia Mansion

   Deskripsi
   Description
   Klub eksklusif modern dengan sentuhan taman tropikal yang sejuk.
   A modern exclusive club with a touch of soothing tropical garden.


                                  Kategori                                                               Lokasi
                                  Category                                                              Location
                         Pengelolaan klub olahraga                                    Serenia Hills, Lebak Bulus, Jakarta Selatan
                          Sport club management                                        Serenia Hills, Lebak Bulus, South Jakarta


   Fasilitas
   Facilities
   Kolam renang, mini soccer, futsal, gym, kafe, ruang serbaguna.
   Swimming pool, mini soccer, futsal, gym, café, multi-function hall.




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                                                Splash Swimming Pool & Gym

Deskripsi
Description
Klub Olahraga dengan nuansa teduh dan nyaman dengan ragam fasilitas pendukung.
A sports club with a calm and comfortable feel, offering an array of supporting facilities.


                            Kategori                                                               Lokasi
                            Category                                                              Location
                   Pengelolaan klub olahraga                                           Taman Semanan Indah, Jakarta Barat
                    Sport club management                                              Taman Semanan Indah, West Jakarta


Fasilitas
Facilities
Kolam renang semi rekreasi, pusat kebugaran, lapangan tenis, restoran, mini waterpark.
Semi-recreational swimming pool, fitness center, tennis court, restaurants, mini waterpark.




                                                       Runway Sports Club

Deskripsi
Description
Fasilitas kolam renang dan pusat kebugaran yang lengkap untuk membantu Anda menjaga hidup sehat.
Swimming pool and fitness center facilities to help you maintain your healthy lifestyle.


                            Kategori                                                                Lokasi
                            Category                                                               Location
                   Pengelolaan klub olahraga                                                  Aeropolis, Tangerang
                    Sport club management                                                     Aeropolis, Tangerang


Fasilitas
Facilities
Pusat kebugaran, kolam renang ukuran olimpiade, area makanan dan minuman.
Fitness center, olympic-size swimming pool, food & Beverage area.




                                                       ROCA Sports Center

Deskripsi
Description
Fasilitas olah raga dan club house modern dengan beragam fasilitas.
Modern sports facilities and club house with various facilities.


                            Kategori                                                                  Lokasi
                            Category                                                                 Location
                   Pengelolaan klub olahraga                                         Graha Famili, Surabaya Barat, Jawa Timur
                    Sport club management                                             Graha Famili, West Surabaya, East Jawa


Fasilitas
Facilities
Kolam renang, gym, pusat yoga, panjat dinding, restoran.
Swimming pool, gym, yoga center, wall climbing, restaurants.




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                                                     Sports Club Talaga Bestari

   Deskripsi
   Description
   Pusat kebugaran modern yang sangat cocok untuk dikunjungi bersama keluarga sambil menikmati akhir pekan.
   Modern fitness center well-suited for family’s weekend excursions.


                                  Kategori                                                              Lokasi
                                  Category                                                             Location
                         Pengelolaan klub olahraga                                             Talaga Bestari, Tangerang
                          Sport club management                                                Talaga Bestari, Tangerang


   Fasilitas
   Facilities
   Kolam renang, gym, kafe, restoran.
   Swimming pool, gym, café, restaurants.




                                                 Golf Graha Famili & Country Club

   Deskripsi
   Description
   Lapangan golf 18-hole dan 72-par ini menawarkan beragam tantangan seperti danau, sungai, bunker, dan bukit.
   An 18-hole and 72-par golf course that offers various challenges such as flat area, pond, river, bunker, and hill.


                                Kategori                                                               Lokasi
                                Category                                                              Location
                   Pengelolaan klub olahraga dan golf                                        Graha Famili, Surabaya Barat
                 Golf Course and Sport club management                                       Graha Famili, West Surabaya


   Fasilitas
   Facilities
   Restoran, area pernikahan, ruang serbaguna, driving range.
   Restaurants, wedding hall, multi-function hall, driving range.




                                                          Natura Club House

   Deskripsi
   Description
   Fasilitas olah raga, kolam renang, dan club house modern dengan beragam fasilitas.
   Modern sports facilities, swimming pool, and modern club house with various facilities.


                                  Kategori                                                             Lokasi
                                  Category                                                            Location
                         Pengelolaan klub olahraga                                           Graha Natura, Surabaya Barat
                          Sport club management                                              Graha Natura, West Surabaya


   Fasilitas
   Facilities
   Kolam renang, gym, pusat yoga, restoran.
   Swimming pool, gym, yoga center, restaurants.




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                                                     Intiwhiz Hotel Chain


 Deskripsi
 Description
 Intiwhiz International merupakan penyedia layanan hospitaliti dan pengelola jaringan hotel terdepan dan menjanjikan di Indonesia.
 Semua jaringan hotel Intiwhiz dikelola secara profesional dengan standar layanan terbaik dan berkualitas dan berada di lokasi sangat
 strategis dan dekat dengan berbagai fasilitas penunjang.
 The Intiwhiz International is Indonesia’s leading and most promising hospitality management provider, with Intiwhiz hotel chain
 being the business core. All the hotels developed under the Intiwhiz hotel chain are operated with internationally standard of quality
 service, and each hotel is strategically located in close proximity to major amenities.



         Kategori                                                Lokasi                                            Kepemilikan
         Category                                              Location                                             Ownership
  Pengelolaan jaringan                  Jakarta, Semarang, Bali, Yogyakarta, Surabaya, Manado,                        10%
           Hotel                     Balikpapan, Samarinda, Padang, Trawas, Bromo dan sejumlah
 Hotel chain management                                   kota di Indonesia.
                                        Jakarta, Semarang, Bali, Yogyakarta, Surabaya, Manado,
                                      Balikpapan, Samarinda, Padang, Trawas, Bromo, and several
                                                         cities in Indonesia.



                         Jumlah Hotel                                                           Jumlah Kamar
                          Total Hotels                                                            Total Room
                            24 hotel                                                             3.094 kamar
                           24 hotels                                                             3,094 rooms



 Kemudahan
 Amenities
 Menyediakan beragam jenis kebutuhan akomodasi mulai dari Whiz Capsule, Whiz Hotel (bintang dua plus), Whiz Prime Hotel (bintang
 tiga), Grand Whiz Hotel (bintang empat), Whiz Luxe (bintang lima), Whiz Residence dan Swift Inn dengan keunggulan sebagai berikut:
 • Kemudahan akses dan lokasi strategis
 • Tidur yang lelap dengan kasur berkualitas
 • Kamar mandi yang nyaman
 • Konektivitas
 • Bergaya modern
 • Ramah dan menyenangkan
 Providing various types of accommodation suited to different needs, starting from Whiz Capsule, Whiz Hotel (two-plus stars), Whiz
 Prime Hotel (three stars), Grand Whiz Hotel (four stars), Whiz Luxe (five-stars), Whiz Residence and Swift Inn, with the advantages as
 follows:
 • Easy access and strategic location
 • Good sleep with quality mattress and linen
 • Good shower
 • Connectivity
 • Stylish and modern
 • Friendly and fun




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TINJAUAN KEUANGAN SEGMEN SEGMEN PROPERTI
INVESTASI
FINANCIAL OVERVIEW OF INVESTMENT PROPERTIES SEGMENT
 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                                                   % terhadap                               % terhadap
          Properti Investasi                                       Pendapatan                               Pendapatan      Pertumbuhan        Persentase
                                                   2025                                        2024
        Investment Properties                                        % to the                                 % to the         Growth          Percentage
                                                                    Revenue                                  Revenue
 Pendapatan
                                                     947.680             100,00%                  883.754       100,00%            63,926            7,23%
 Revenue
 Beban Pokok
                                                      732.105               77,25%               689.996         78,08%            42,110            6,10%
 Cost of Sales
 Laba Kotor
                                                      215.575              22,75%                 193.758        21,92%            21,817           11,26%
 Gross Profit




TINJAUAN LAPORAN KEUANGAN
OVERVIEW ON FINANCIAL STATEMENTS


Aset
Assets
 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                  Uraian                                                                                     Pertumbuhan
                                                                                         2025                 2024                                 (%)
                                Description                                                                                     Growth
 Aset
                                                                                           13.117.009          13.703.553          -586.544         -4,28%
 Assets
    Aset Lancar
                                                                                               3.237.073        3.870.567          -633.494         -16,37%
    Current Assets
      Kas dan Setara Kas
                                                                                                944.374          752.320            192.054         25,53%
      Cash and Cash Equivalent
      Persediaan
                                                                                           1.708.790            2.455.486          -746.696        -30,41%
      Inventories
      Aset Lancar lainnya
                                                                                               583.909            662.761            -78.852        -11,90%
      Non Current Assets
    Aset tidak Lancar
                                                                                           9.879.936           9.832.986             46.951          0,48%
    Non Current Assets
      Investasi Saham
                                                                                                463.210          454.975              8.234           1,81%
      Share Investment
      Persediaan
                                                                                           2.828.461            2.754.565            73.896          2,68%
      Inventories
      Tanah yang belum Dikembangkan
                                                                                           3.553.468           3.896.603            -343.135        -8,81%
      Land for Development
      Aset Tetap – Bersih
                                                                                               639.402           384.463            254.938         66,31%
      Property & Equipment – Net
      Properti Investasi – Bersih
                                                                                               1.555.078        1.638.491            -83.413        -5,09%
      Investment Property – Net
      Aset tidak Lancar Lainnya
                                                                                                840.318          703.887             136.431        19,38%
      Other Non Current Assets




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Pada Tahun 2025, aset Perseroan mengalami penurunan                                       In 2025, the Company’s total assets decreased by Rp586
sebesar Rp586 miliar atau sebesar 4,28% terutama                                          billion or 4.28%, primarily driven by:
disebabkan oleh:
•     Penurunan Persediaan baik lancar maupun tidak lancar                                •       A decrease in inventories, both current and non-current,
      sebesar Rp673 miliar atau sebesar 12,91%. Penurunan ini                                     amounting to Rp673 billion or 12.91%. This decline
      terutama disebabkan :                                                                       was mainly attributable to:
      1. Adanya reklasifikasi bangunan siap dijual ke aset                                        1. The reclassification of ready for buildings to
           tetap dan properti investasi sebesar Rp263 miliar                                          property and equipment and investment properties
           seiring      dengan        perubahan          penggunaan           aset                    amounting to Rp263 billion, in line with changes in
           tersebut; dan                                                                              the intended use of these assets; and  
      2. Adanya pengakuan penjualan atas unit-unit yang                                           2. The recognition of revenue from property units sold.  
           sudah terjual.


Reklasifikasi tersebut di atas juga berkontribusi atas                                    The above reclassification also contributed to an increase in
peningkatan aset tetap sebesar Rp255 miliar atau sebesar                                  property and equipment of Rp255 billion or 66.31%.
66,31%.
•     Penurunan tanah yang belum dikembangkan sebesar                                     •       A decrease in land for development amounting
      Rp343 miliar atau 8,81% antara lain disebabkan oleh                                         to Rp343 billion or 8.81%, which was partly due to
      penyesuaian nilai sebagian aset tanah sebagai bagian                                        value adjustments on certain land assets as part of
      dari evaluasi berkala manajemen.                                                            management’s periodic evaluation.


Liabilitas
Liabilities
    Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                     Uraian                                                                                      Pertumbuhan
                                                                                              2025               2024                                    (%)
                                   Description                                                                                      Growth
Liabilitas
                                                                                                  6.330.131        6.956.641            -626.510           -9,01%
Liabilities
      Liabilitas Jangka Pendek
                                                                                               3.398.833           3.583.108            -184.275           -5,14%
      Current Liabilities
         Utang Bank Jangka Pendek
                                                                                                   766.533         1.045.556            -279.023         -26,69%
         Short-term Bank Loan
         Liabilitas Kontrak
                                                                                                  1.133.881        1.162.804             -28.923          -2,49%
         Contract Liability
         Bagian Liabilitas Jangka Panjang yang akan jatuh tempo
                                                                                                   385.211
         dalam waktu satu tahun                                                                                     498.468              -113.257         -22,72%
         Current Portion Long-term Liabilities
         Liabilitas Jangka Pendek Lainnya
                                                                                                  1.113.208         876.280             236.928           27,04%
         Other Current Liabilities
      Liabilitas Jangka Panjang
                                                                                               2.931.298           3.373.532             442.235           -13,11%
      Non Current Liabilities
         Liabilitas Kontrak
                                                                                                   146.612              95.107             51.505          54,15%
         Contract Liability
         Bagian Liabilitas Jangka Panjang setelah dikurangi yang
         akan jatuh tempo dalam waktu satu tahun                                               1.929.604           2.565.001            -635.397          -24,77%
         Long-term Liabilities net of Current Portion
         Liabilitas tidak Lancar Lainnya
                                                                                                  855.082            713.425              141.657         19,86%
         Other Non-Current Liabilities




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Pada tahun 2025, liabilitas perseroan mengalami penurunan                                 In 2025, The Company’s total liabilities decreased by Rp626,5
sebesar Rp626,5 miliar atau sebesar 9,01% yang terutama                                   billion or 9.01%, primarily driven by:  
disebabkan:
•     Penurunan utang bank baik utang bank jangka panjang                                 •       A decrease in bank loan, both short-term and long-
      maupun jangka pendek sebesar Rp655 miliar atau                                              term by Rp665 billion or 17.54%, in line with repayments
      17,54% seiring dengan adanya pembayaran utang ke                                            made to several banks, including Bank Mayapada, Bank
      beberapa bank antara lain: Bank Mayapada, Bank                                              Victoria, Bank Pan International, Bank CCB, Bank Woori
      Victoria, Bank Pan International, Bank CCB, Bank Woori                                      and Bank Central Asia.
      dan Bank Central Asia.
•     Adanya pembayaran utang sukuk sebesar Rp375 miliar                                  •       The settlement of Sukuk Ijarah Payable amounting to
      yang jatuh tempo di 2025.                                                                   Rp375 billion, which mature in 2025.


Penurunan tersebut diimbangi oleh peningkatan pinjaman                                    The decrease was partially offset by an increase in Loan from
kepada pihak ketiga sebesar Rp119 miliar atau sebesar                                     third parties amounting to Rp119 billion or 132.89%, mainly
132,89%, terutama berasal dari  pinjaman baru yang                                        arising from new financing obtained from Proline Finance
diperoleh dari Proline Finance Indonesia.                                                 Indonesia.


Ekuitas
Equity
    Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                     Uraian                                                                                     Pertumbuhan
                                                                                              2025               2024                               (%)
                                   Description                                                                                     Growth
 Ekuitas
                                                                                               6.786.879          6.746.912              39.966       0,59%
 Equity
      Pemilik Entitas Induk
                                                                                                  5.644.118       5.574.604               69.514      1,25%
      Owners of the Parent Entity
         Modal Saham
                                                                                               2.591.464          2.591.464                   0      0.00%
         Capital Stock
         Tambahan Modal Disetor – Bersih
                                                                                               1.096.320          1.096.320                   0      0.00%
         Additional Paid in Capital –Net
         Komponen Ekuitas Lainnya
                                                                                                   514.291          514.291                   0      0.00%
         Other Equity Components
         Saldo Laba
                                                                                               1.442.044           1.372.530              69.514      5,06%
         Retained Earning
      Kepentingan Non Pengendali
                                                                                                  1.142.760        1.172.308             -29.548     -2,52%
      Non-Controlling Interest


Pada tahun 2025, ekuitas Perseroan mengalami peningkatan                                  In 2025, the Company’s equity increased by Rp39 billion, or
sebesar Rp39 miliar atau 0,59%, terutama karena adanya                                    0.59%, primarily due to total comprehensive income for the
laba komprehensif tahun berjalan sebesar Rp69 miliar yang                                 year of Rp69 billion attributable to the owners of the parent
dapat diatribusikan kepada entitas induk dan kepentingan                                  and non-controlling interests.
non-pengendali.


Peningkatan           tersebut       diimbangi         dengan       penurunan             The increase was offset by a decrease in non-controlling
kepentingan non-pengendali sebesar Rp29 miliar yang                                       interests amounting to Rp29 billion, primarily due to changes
terutama disebabkan oleh perubahan struktur permodalan                                    in the capital structure of subsidiaries, as well as dividend
pada entitas anak, serta pembagian dividen kepada                                         distributions to non-controlling interests.
kepentingan non-pengendali.




170          PT Intiland Development Tbk                                                                                Laporan Tahunan 2025 Annual Report
Page 171
                                                                                                                                      Analisis dan Pembahasan Manajemen
                                                                                                                                      Management Discussion and Analysis




Laporan Laba Rugi dan Penghasilan Komprehensif lain Konsolidasi
Consolidated Statements of Profit or Loss and Other Comprehensive Income
 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                  Uraian                                                                                            Pertumbuhan
                                                                                         2025                      2024                                      (%)
                                Description                                                                                            Growth
Pendapatan Usaha
                                                                                           2.462.390                  2.553.285               -90.895          -3,56%
Revenue
Beban Pokok Penjualan dan Beban Langsung
                                                                                               1.501.903              1.767.933             -266.030          -15,05%
Cost of Sales and Direct Cost
Laba Kotor
                                                                                               960.487                    785.352              175.135        22,30%
Gross Profit
Laba Usaha
                                                                                                672.241                   454.231             218.010         48,00%
Operational Income
Laba Sebelum Pajak Penghasilan
                                                                                                 159.147                  407.086             -247.939       -60,91%
Profit Before Tax
Laba Tahun Berjalan
                                                                                                 178.557                  263.852              -85.295        -32,33%
Profit for the Year


Pendapatan Usaha
Revenue
 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                                                           % Terhadap                                         % Terhadap
                 Uraian                                                                                                                          Pertumbuhan (%)
                                                       2025               Pendapatan                       2024              Pendapatan
                Description                                                                                                                         Growth (%)
                                                                          % to Revenue                                       % to Revenue
Pendapatan Usaha
                                                         2.462.390                100,00%                   2.553.285               100,00%                    -3,56%
Revenue
   Pendapatan dari Pengembangan
                                                           1.514.710                 61,51%                 1.669.532                65,39%                    -9,27%
   Development Income
      Perumahan
                                                           781.998                   31,76%                  659.423                 25,83%                   18,59%
      Landed residential
      Mixed-use & High-rise
                                                           222.344                   9,03%                    371.760                14,56%                  -40,19%
      Mixed-use & High-rise
      Kawasan Industrial
                                                            510.369                 20,73%                   638.349                 25,00%                  -20,05%
      Industrial Estate
   Pendapatan Berulang
                                                           947.680                  38,49%                   883.754                 34,61%                     7,23%
   Recurring Income
      Persewaan
                                                           253.489                  10,29%                    259.273                10,15%                    -2,23%
      Rental Space
      Sarana Olahraga dan Fasilitas
                                                           533.469                  21,66%                   477.450                 18,70%                    11,73%
      Sportclub & Facilities
      Kawasan Industri
                                                             113.182                 4,60%                   105.888                  4,15%                    6,89%
      Industrial Estate
      Hotel
                                                              46.137                  1,87%                   39.452                  1,55%                   16,94%
      Hotel
      Lain-lain
                                                              1.403                  0,06%                        1.691               0,07%                   -17,02%
      Others




  Annual Report 2025 Laporan Tahunan                                                                                          PT Intiland Development Tbk          171
Page 172
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis




Pada tahun 2025, Perseroan mencatat pendapatan sebesar                                    In 2025, The Company recorded revenue Rp2.462 billion,
Rp2.462 miliar, mengalami penurunan sebesar Rp91                                          decreased by Rp91 billion or 3.56% compared to 2024. The
miliar atau sebesar 3,56% jika dibandingkan tahun 2024.                                   decline was primarily driven by:
Penurunan ini terutama disebabkan oleh:
•     Penurunan pendapatan dari pengembangan sebesar                                      •       A decrease in development income of Rp155 billion or
      Rp155 miliar atau 9,27% yang terutama dipengaruhi oleh:                                     9.27%, mainly attributable to :
      1. Penurunan kontribusi sektor high-rise sebesar Rp149                                      1. A decline in high-rise segment by Rp149 billion or
           miliar atau 40,19% seiring berkurangnya pengakuan                                         40.19%, reflecting lower revenue recognition from
           pendapatan dari beberapa proyek jika dibandingkan                                         several projects compared to the previous year,
           tahun sebelumnya antara lain SQ Res;                                                      including SQ Res; and
      2. Penurunan kontribusi dari Kawasan Industri sebesar                                       2. A decrease in the industrial estate segment of Rp128
           Rp128 miliar atau 20,05%.                                                                 billion or 20.05%.


Namun, penurunan ini diimbangi dengan peningkatan                                         However, the decline was partially offset by an increase in
pendapatan dari sektor Perumahan sebesar Rp23 miliar atau                                 revenue from the housing segment of Rp23 billion or 18.59%,
sebesar 18,59% yang didorong dari peningkatan penjualan                                   driven by higher sales and revenue recognition from housing
dan pengakuan pendapatan dari proyek -proyek perumahan                                    projects, particularly Brezza and Graha Famili.
terutama Brezza dan Graha Famili.


Di sisi lain, pendapatan berulang mengalami peningkatan                                   Meanwhile, recurring income increased by Rp64 billion or
sebesar Rp64 miliar atau 7,23% yang merupakan dampak                                      7.23%, primarily driven by higher contributions from the
dari peningkatan pendapatan dari sektor hotel, fasilitas dan                              hospitality, facility, and industrial estate segments.
Kawasan industri.


Beban Operasional
Operating Expenses
    Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                       Uraian                                                                                              Pertumbuhan (%)
                                                                                                   2025                   2024
                                     Description                                                                                              Growth (%)
 Biaya Penjualan
                                                                                                           39.164                58.948              -33,56%
 Marketing Expenses
      Promosi dan Iklan
                                                                                                           20.610                 29.742              -30,71%
      Promotion and Advertising
      Komisi Penjualan
                                                                                                           18.474                29.205              -36,74%
      Sales Commission
      Lain-lain
                                                                                                               80                     0              100,00%
      Others
 Biaya Umum dan Administrasi
                                                                                                          249.083                272.173              -8,48%
 General and Administrative Expenses
      Gaji dan Upah
                                                                                                          151.033                164.237              -8,04%
      Salaries and Wages
      Pajak dan Perijinan
                                                                                                           32.903                31.696                3,81%
      Tax and Licenses
      Imbalan Kerja Jangka Panjang
                                                                                                            11.795                11.275               4,61%
      Long-term Employee Benefit
      Jasa Profesional
                                                                                                           14.436                 12.837              12,46%
      Professional fees
      Penyusutan
                                                                                                           3.609                  4.602               -21,58%
      Depreciation
      Lain-lain
                                                                                                           35.307                 47.526              -25,71%
      Others
 Jumlah
                                                                                                       288.246                   331.121              -12,95%
 Total




172          PT Intiland Development Tbk                                                                              Laporan Tahunan 2025 Annual Report
Page 173
                                                                                                                                    Analisis dan Pembahasan Manajemen
                                                                                                                                    Management Discussion and Analysis




Pada tahun 2025, beban usaha Perseroan menurun Rp43                                       In 2025, the Company’s operating expenses decreased by
miliar atau 12,95%. Penurunan ini terutama disebabkan oleh:                               Rp43 billion, or 12.95%. This decrease was primarily driven by:
•     Penurunan biaya penjualan sebesar Rp20 miliar atau                                  •       A decrease in selling expenses of Rp20 billion, or 33.56%,
      sebesar 33,56%, yang terutama berasal dari penurunan                                        mainly resulting from lower promotional expenses and
      biaya promosi dan komisi penjualan sejalan dengan                                           sales commissions, in line with the Company’s efforts to
      upaya Perseroan melakukan efisiensi biaya pemasaran                                         improve marketing cost efficiency and implement a more
      dan menerapkan strategi penjualan yang lebih selektif.                                      selective sales strategy.
•     Penurunan biaya umum dan administrasi sebesar Rp23                                  •       A decrease in general and administrative expenses
      miliar atau sebesar 8,48% terutama disebabkan oleh                                          amounting to Rp23 billion or 8.48%, primarily due
      penurunan biaya gaji dan upah yang mencerminkan                                             to lower salaries and wages expenses, reflecting the
      upaya Perseroan dalam efisiensi dan pengelolaan biaya                                       Company’s efforts to enhance cost efficiency and
      yang lebih optimal.                                                                         optimize operational management.


Penghasilan (Beban) Lain-lain
Other Income (Expenses)
    Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                       Uraian                                                                                                Pertumbuhan (%)
                                                                                                   2025                  2024
                                     Description                                                                                                Growth (%)
 Penghasilan & Beban Lain-lain
                                                                                                       - 513.093                 -47.145                   988,33%
 Other Income & Expenses
      Pendapatan Bunga
                                                                                                           20.819                19.563                      6,42%
      Interest Income
      Keuntungan (kerugian) mata uang asing
                                                                                                              203                   127                     60,44%
      Gain (Loss) on Foreign Exchange
      Keuntungan (Kerugian) Penjualan Aset
                                                                                                              919                   384                    138,99%
      Gain (Loss) on Sale of Property and Equipment
      Beban Bunga
                                                                                                          -371.507              -359.417                      3,36%
      Interest Expenses
      Dampak Pendiskontoan Liabilitas Keuangan
                                                                                                          -76.820               -97.839                    -89,40%
      Impact of Discounting Fianncial Liabilities
      Ekuitas pada Laba Bersih Entitas Asosiasi
                                                                                                             7.774               73.340                     -21,48%
      Share in Net Income in Associate Companies
      Lain-lain
                                                                                                          -94.480               316.696                   -129,83%
      Others



Laba Sebelum Pajak                                                                        Income Before Tax
Laba sebelum pajak Perseroan pada tahun 2025 sebesar                                      In 2025, The Company recorded profit before tax of Rp159
Rp159 miliar mengalami penurunan sebesar 60,91%                                           billion, representing a decrease of 60.91% compared to 2024,
jika dibandingkan dengan tahun 2024, yang terutama                                        mainly due to lower contribution from associate entities.
disebabkan oleh penurunan kontribusi laba dari entitas
asosiasi.




     Annual Report 2025 Laporan Tahunan                                                                                   PT Intiland Development Tbk           173
Page 174
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis




Laporan Arus Kas
Analysis on Cash Flow Statement
 Dalam jutaan Rupiah kecuali dinyatakan lain | In millions of Rupiah unless stated otherwise

                                    Uraian                                                                                            Pertumbuhan (%)
                                                                                               2025                 2024
                                  Description                                                                                            Growth (%)
 Jumlah Arus Kas Bersih
                                                                                                      192.054          -201.988                 195,08%
 Total Net Cash Flow
    Kas Bersih yang digunakan untuk Aktivitas Operasional
                                                                                                      822.042              164.288              400,37%
    Net Cash use in Operating Activities
    Kas Bersih yang Diperoleh dari (Digunakan untuk) Aktivitas
    Investasi                                                                                          -13.410              45.842              -129,25%
    Net Cash Used in Investing Activities
    Kas Bersih yang Didapat dari (Digunakan untuk) Aktivitas
    Pembiayaan                                                                                    -616.754                 -412.312              49,58%
    Net Cash Received from (Use in) Financing Activities
    Pengaruh Perubahan Kurs Mata Uang Asing
                                                                                                          176                  194                -9,41%
    Effect of Change in Currency



Analisis Arus Kas Konsolidasian                                                        Consolidated Cash Flow Analysis
Kas Bersih yang digunakan untuk Aktivitas                                              Cash Flows Use in Operating Activities
Operasional
Pada      tahun        2025,         kas     bersih         yang     diterima          In 2025, net cash received from operating activities increased
dari aktivitas operasi mengalami peningkatan cukup                                     significantly by Rp657 billion, or 400.37%, primarily driven
signifikan sebesar Rp657 miliar atau 400,37% yang                                      by higher cash receipts from customers and lower interest
terutama didorong oleh peningkatan penerimaan dari                                     payments.
pelanggan serta penurunan pembayaran bunga.

Arus Kas yang digunakan untuk Aktivitas Investasi                                      Cash Flow Use in Investing Activities
Pada     tahun      2025,      arus        kas     bersih    yang      dipakai         In 2025, net cash used for investing activities recorded of
untuk  aktivitas              investasi          tercatat    sebesar      Rp13         Rp13 billion, an increase of Rp59 billion compared to 2024.
miliar, naik  sebesar Rp59 miliar jika dibandingkan                                    Mainly due to the transaction of disposal in associate and
dengan tahun 2024. Hal ini disebabkan pada tahun                                       subsidiary entity in 2024.
2024 terdapat transaksi  penjualan investasi pada
perusahaan asosiasi dan penjualan entitas anak.

Kas Bersih yang digunakan untuk Aktivitas                                              Cash Flows Use in Financing Activities
Pendanaan
Pada tahun 2025, kas bersih yang digunakan untuk aktivitas                             In 2025, net cash used for financing activities increased
pendanaan meningkat 49,58% jika dibandingkan dengan                                    by 49.58% compared to 2024. This was mainly due to an
tahun 2024. Hal ini terutama disebabkan karena peningkatan                             increase in debt payments, both long-term bank loan, short-
pembayaran utang, baik utang bank jangka panjang, jangka                               term bank Loan and sukuk.
pendek, dan utang sukuk.




174       PT Intiland Development Tbk                                                                            Laporan Tahunan 2025 Annual Report
Page 175
                                                                                                    Analisis dan Pembahasan Manajemen
                                                                                                    Management Discussion and Analysis




INFORMASI PENTING LAINNYA
OTHER IMPORTANT INFORMATION


STRUKTUR MODAL DAN KEBIJAKAN                                    CAPITAL STRUCTURE AND CAPITAL
STRUKTUR MODAL                                                  STRUCTURE POLICY
Tujuan utama Perseroan dalam pengelolaan modal adalah           The main objective of the Company in its capital management
optimalisasi saldo utang dan ekuitas Perseroan dalam rangka     is to optimize the balance of the Company’s debt and
mempertahankan perkembangan bisnis di masa depan                equity in order to ensure future business development
dan memaksimalkan nilai pemegang saham. Perseroan               and maximize shareholder value. The Company manages
mengelola struktur modal dan membuat penyesuaian yang           its capital structure and makes necessary adjustments by
diperlukan dengan memperhatikan perubahan kondisi               taking into account the changes in the economic conditions
ekonomi dan tujuan strategis Perseroan.                         and its own strategic objectives.


Kebijakan manajemen atas struktur modal ditujukan untuk         The management policy on capital structure is intended
melindungi kemampuan Perseroan dalam mempertahankan             to protect the Company’s ability to ensure its business
kelangsungan usaha, sehingga Perseroan dapat tetap              continuity so that the Company can continue to provide
memberikan hasil bagi pemegang saham dan manfaat bagi           returns to the shareholders and benefits to all stakeholders.
seluruh pemangku kepentingan lainnya. Kebijakan struktur        The capital structure policy is also aimed at the shareholders
modal juga ditujukan kepada pemegang saham dengan               by determining the prices of products and services
menentukan harga produk dan jasa yang sepadan dengan            commensurate with the level of risk.
tingkat risiko.

KEMAMPUAN MEMBAYAR UTANG                                        DEBT-PAYING ABILITY
Kemampuan perusahaan dalam memenuhi kewajiban                   The Company’s ability to meet its financial obligations is a
finansialnya merupakan aspek penting yang sangat                critical aspect that receives significant attention. Solvency
diperhatikan. Solvabilitas menjadi indikator utama dalam        serves as a key indicator in assessing the Company’s
mengukur      kemampuan     Perusahaan      untuk   melunasi    capability to settle all of its liabilities, both short-term and
seluruh liabilitasnya, baik jangka pendek maupun jangka         long-term. Solvency analysis is typically conducted using
panjang. Analisis solvabilitas umumnya dilakukan melalui        various financial ratios. Evaluating these ratios helps assess
berbagai rasio keuangan. Evaluasi rasio-rasio ini membantu      the level of financial risk and the sustainability of the
dalam menilai tingkat risiko keuangan serta keberlanjutan       Company’s operations in the future. The following provides a
operasional Perusahaan di masa mendatang. Berikut detail        detailed explanation of the Company’s solvency:
penjelasan mengenai solvabilitas Perseroan:

Solvabilitas                                                    Solvency
Solvabilitas atau kemampuan Perseroan dalam memenuhi            Solvency or the ability of the Company to service its
kewajiban ditunjukkan dari tingkat likuiditas yang dimiliki.    obligations is indicated by the Company’s level of liquidity.

Rasio Likuiditas                                                Liquidity Ratio
Rasio kas Perseroan pada tahun 2025 tercatat sebesar 27,79%,    The Company's cash ratio in 2025 was recorded at 27.79%,
mengalami peningkatan         sebesar 6,79% dibandingkan        reflecting an increase of 6.79% compared to 2024. This
dengan tahun 2024. Peningkatan ini disebabkan oleh              increase was primarily due to a increasing in cash and cash
peningkatan kas dan setara kas.                                 equivalents.

Rasio Solvabilitas                                              Solvency Ratio
Rasio utang bersih Perseroan pada tahun 2025 tercatat           The Company's net debt ratio in 2025 was recorded at 33.72%,
sebesar 33,72%, mengalami penurunan sebesar 16,63%              reflecting a decrease of 16.63% compared to 2024. This
dibandingkan      dengan   tahun    2024.    Penurunan    ini   decline indicates a reduction in the company's net debt



  Annual Report 2025 Laporan Tahunan                                                       PT Intiland Development Tbk          175
Page 176
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis




mencerminkan           berkurangnya       beban    utang   bersih   burden, primarily due to the repayment of maturing bank
perusahaan, yang terutama disebabkan oleh pembayaran                loans and sukuk. Additionally, an increase in cash from
utang bank dan sukuk yang telah jatuh tempo. Selain                 operating activities contributed to the lower net debt ratio,
itu, peningkatan kas dari aktivitas operasional turut               strengthening the company's financial position.
berkontribusi dalam mengurangi rasio utang bersih,
sehingga memperkuat posisi keuangan perusahaan.


Rasio Solvabilitas dan Rasio Likuiditas
Solvency and Liquidity Ratios
 Dalam persentase | In precentage

                                            Uraian
                                                                                              2025                  2024
                                          Description
 Rasio Solvabilitas
 Solvency Ratios
    Rasio utang bersih terhadap ekuitas
                                                                                                     33,72%                 50,35%
    Net debt to equity ratio
    Rasio liabilitas terhadap ekuitas
                                                                                                     93,27%                103,11%
    Liabilities to equity ratio
    Rasio utang terhadap aset
                                                                                                     24,65%                30,28%
    Debt to assets ratio
 Rasio Solvabilitas
 Solvency Ratios
    Rasio kas
                                                                                                     27,79%                 21,00%
    Cash ratio
    Rasio lancar
                                                                                                     95,24%                108,02%
    Current ratio



Kolektabilitas Piutang                                              Receivables Collectability
Pada tahun 2025, umur piutang rata-rata tercatat sebesar            In 2025, the average accounts receivable turnover period
59 hari, menunjukkan waktu yang dibutuhkan perusahaan               was recorded at 59 days, indicating the time required for the
untuk menagih piutang dari pelanggan. Sementara                     company to collect payments from customers. Meanwhile,
itu, tingkat kolektabilitas piutang mencapai 71,98%,                the receivables collectibility rate reached 71.98%, reflecting
mencerminkan efektivitas perusahaan dalam mengelola dan             the company's effectiveness in managing and collecting
menagih piutang. Angka ini menunjukkan bahwa sebagian               outstanding payments. This figure suggests that the majority
besar piutang dapat tertagih dengan baik, meskipun masih            of receivables were successfully collected, though some risks
terdapat risiko terkait piutang yang belum terselesaikan.           remain regarding uncollected amounts. These metrics serve
Rasio ini menjadi indikator penting dalam menilai likuiditas        as key indicators for assessing the company’s liquidity and
serta efisiensi manajemen kredit perusahaan.                        credit management efficiency.

Ikatan Material untuk Investasi Barang Modal                        Material Commitment for Capital Goods
                                                                    Investment
Hingga akhir tahun 2025, Perseroan tidak memiliki ikatan            Until the end of 2025, the Company has no material
material untuk investasi barang modal.                              commitment for investment in capital goods.

Realisasi Investasi Barang Modal tahun 2025                         Realized Capital Goods Investment in 2025
Di tahun 2025, Perseroan melakukan investasi barang                 In 2025, the Company invested capital expenditures
modal sebesar Rp55 miliar yang terutama digunakan untuk             amounting to Rp55 billion, primarily used for the replacement
penggantian aset tetap.                                             of fixed assets.




176       PT Intiland Development Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 177
                                                                                                        Analisis dan Pembahasan Manajemen
                                                                                                        Management Discussion and Analysis




TARGET DAN REALISASI TAHUN 2025 SERTA TARGET 2026
TARGET AND REALIZATION IN 2025 AND TARGET IN 2026

Informasi mengenai target dan realisasi tahun 2025 dan               Information on the target with realization in 2025 and the
target tahun 2026 terdiri dari marketing sales, pendapatan           2026 target consisting of marketing sales, revenue, profit for
usaha, laba tahun berjalan, dan struktur modal yang                  the year and capital structure is described as follows:
dijabarkan sebagai berikut:


                                                                                        2025

                                                                                                Realisasi
                    Keterangan                                  Target                                                    Pencapaian
                                                                                               Realization
                     Remarks                          (dalam miliaran Rupiah)                                               Results
                                                                                        (dalam miliaran Rupiah)
                                                         (in billion Rupiah)                                                  (%)
                                                                                           (in billion Rupiah)
 Marketing Sales                                                            2.005                              1.608             80,4%
 Pendapatan Usaha
                                                                                2.531                          2.462              97,3%
 Revenue
 Laba Tahun Berjalan yang Dapat Diatribusikan ke
 Pemilik Entitas Induk
                                                                                  58                              64,3           110,8%
 Profit for the Years Attributable to Owners of the
 Parent Company
 Struktur Modal
 Capital Structure:
                                                                           43,83%                             33,72%                   -
 Rasio Utang Bersih Terhadap Ekuitas
 Net Gearing Ratio




TARGET TAHUN 2026
2026 TARGET


Marketing Sales                                                      Marketing Sales
Perseroan mencermati pasar properti di tahun 2026                    The Company observes that the property market in 2026
masih menghadapi tantangan untuk dapat menciptakan                   is still expected to face challenges in achieving more
pertumbuhan yang lebih substansial. Sejumlah indikator dan           substantial growth. Various indicators, external factors, and
faktor-faktor eksternal dan masih lemahnya daya beli pasar           continued weak purchasing power are likely to significantly
akan sangat mempengaruhi dinamika pertumbuhan sektor                 influence the growth dynamics of the property sector,
properti. Mempertimbangkan aspek risiko, tantangan, dan              making into account risks, challenges, and future potential,
potensi ke depan, Perseroan mengambil langkah konservatif            the Company has adopted a conservative approach in setting
dalam menentukan target kinerja penjualan. Untuk tahun               its sales performance target. For 2026, the Company targets
2026, Perseroan menargetkan marketing sales Rp1,95                   marketing sales of Rp1.95 trillion. To achieve this target, the
triliun. Untuk mencapai target tersebut, Perseroan masih             Company will continue to rely on property unit sales from
akan mengandalkan penjualan dari unit-unit properti pada             residential development, high-rise, and industrial estate
segmen pengembangan perumahan, high-rise, dan kawasan                segments.
industri.




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Pendapatan Usaha                                                 Revenue
Perseroan memproyeksikan pendapatan usaha di tahun               The Company projects that revenue in 2026 will remain
2026 akan cukup stabil dengan tahun 2025. Perseroan              relatively stable compared to 2025. The Company has set a
menetapkan target pendapatan usaha tahun 2026 sebesar            revenue target of Rp2.4 trillion for 2026, which will be derived
Rp2,4 triliun yang berasal dari pengakuan penjualan dari         from the recognition of sales of property units, including
unit-unit properti, antara lain dari segmen perumahan,           those from the residential, apartment, industrial estate, and
apartemen, kawasan industri serta properti investasi.            investment properties segments.

Laba Tahun Berjalan                                              Profit for the Years
Di tahun 2026, Perseroan memproyeksikan terjadi perbaikan        In 2026, the Company expects an improvement in profitability
pada kinerja profitabilitas. Perseroan menargetkan laba          performance. The Company targets profit for the year of
tahun berjalan sebesar Rp209 miliar atau mengalami               Rp209 billion, representing an increase compared to 2025.
peningkatan dibandingkan tahun 2025.

Tabel Target Tahun 2026
Table of 2026 Targets
 Dalam persentase | In precentage

                                                               Target 2026                   Realisasi 2025
                          Keterangan                           2026 Target                  2025 Realization
                                                                                                                         %
                           Remarks                      (dalam miliaran Rupiah)         (dalam miliaran Rupiah)
                                                           (in billion Rupiah)             (in billion Rupiah)
 Marketing Sales                                                              1.953                           1.608       21,4%
 Pendapatan Usaha
                                                                              2.421                           2.462        -1,7%
 Revenue
 Laba Tahun Berjalan
                                                                                  209                             178     17,4%
 Profit for the Years
 Rasio Utang Bersih terhadap Ekuitas
                                                                            26,92%                           33,72%            -
 Net Gearing Ratio



Transaksi dan Fakta Material yang Terjadi                        Material Transactions and Facts After the
Setelah Tanggal Laporan Akuntan                                  Accountant’s Report Date
Perseroan tidak memiliki transaksi dan fakta material yang       There is no material transactions and facts after the
terjadi setelah tanggal pelaporan Akuntan.                       accountant’s report data.


Peristiwa-peristiwa yang terjadi setelah periode pelaporan       Post year-end events that provide additional information
yang menyediakan tambahan informasi mengenai posisi              about the consolidated statement of financial position at
keuangan konsolidasian pada tanggal laporan posisi               the reporting date (adjusting events), if any, are reflected in
keuangan konsolidasian (peristiwa penyesuai), jika ada,          the consolidated financial statements. Post year-end events
telah tercermin dalam laporan keuangan konsolidasian.            that are not adjusting events are disclosed in the notes to
Peristiwa-peristiwa yang terjadi setelah periode pelaporan       consolidated financial statements when material.
yang tidak memerlukan penyesuaian (peristiwa non-
penyesuai), apabila jumlahnya material, telah diungkapkan
dalam laporan keuangan konsolidasian.




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PROSPEK USAHA
BUSINESS PROSPECT

Memasuki tahun 2026, Perseroan memandang prospek                 Entering 2026, the Company views the outlook for the national
usaha sektor properti nasional masih berada dalam dinamika       property sector as remaining within a dynamic environment
yang menuntut kehati-hatian, seiring dengan ketidakpastian       that requires prudence, amid ongoing global economic
kondisi ekonomi global dan pemulihan domestik yang               uncertainty and a gradual domestic recovery. Although the
berlangsung    secara   bertahap.    Meskipun    Pemerintah      Government projected Indonesia’s economic growth in 2026
memproyeksikan pertumbuhan ekonomi Indonesia tahun               to be in the range of 5.4%–5.6%, the Company observes that
2026 pada kisaran 5,4–5,6%, Perseroan mencermati bahwa           actual market conditions remain relatively selective, with
kondisi pasar riil masih relatif selektif, dengan pelaku usaha   business players and investors tending to delay expansion
dan investor cenderung menahan ekspansi serta lebih              and prioritize stability and efficiency. In this context, national
mengutamakan stabilitas dan efisiensi. Dalam konteks             macroeconomic stability, controlled inflation, and a resilient
tersebut, stabilitas makroekonomi nasional, tingkat inflasi      financial system continue to support the sustainability of
yang terkendali, serta ketahanan sistem keuangan tetap           property sector activities, although recovery has not yet been
menjadi faktor pendukung bagi keberlangsungan aktivitas          evenly distributed across all segments.
sektor properti, meskipun pemulihan belum terjadi secara
merata di seluruh segmen.


Dari sisi permintaan, Perseroan mencermati bahwa                 From the demand side, the Company observes that the
pasar properti masih didominasi oleh pembeli akhir (end          property market continues to be dominated by end users,
user), khususnya pada segmen perumahan. Konsumen                 particularly in the residential segment. Consumers are
semakin selektif dalam mengambil keputusan pembelian             becoming increasingly selective in making purchasing
dengan mempertimbangkan faktor keterjangkauan harga,             decisions, considering factors such as price affordability,
lokasi, kualitas produk, serta kepastian serah terima.           location, product quality, and certainty of handover.
Kebijakan   pemerintah     berupa    perpanjangan     insentif   Government policies, including the extension of the
Pajak Pertambahan Nilai Ditanggung Pemerintah (PPN               Government-Borne Value Added Tax (VAT DTP) incentive
DTP) hingga tahun 2026 diperkirakan tetap berperan               through 2026, are expected to continue supporting
dalam menjaga sentimen pasar residensial, meskipun               residential market sentiment, although their impact is more
dampaknya cenderung lebih bersifat mempertahankan                likely to sustain demand stability rather than accelerate
stabilitas permintaan dibandingkan mendorong percepatan          growth. In addition, the exemption of Land and Building
pertumbuhan. Selain itu, kebijakan penghapusan BPHTB             Acquisition Duty and Building Approval fees for Low-Income
dan retribusi Persetujuan Bangunan Gedung (PBG) bagi             Communities also supports overall housing affordability.
Masyarakat Berpenghasilan Rendah (MBR) turut mendukung
keterjangkauan hunian secara umum.


Berdasarkan     segmentasi     pengembangan,        Perseroan    From development segmentation perspective, the Company
memandang       bahwa     segmen     kawasan     perumahan,      believes that the residential segment, particularly in the
khususnya pada kelas menengah ke atas, masih memiliki            middle-to-upper class category, continues to demonstrate
prospek yang relatif lebih stabil dibandingkan segmen            relatively more stable prospects compared to the mixed-use
properti mixed-use & high-rise, seperti apartemen dan            and high-rise segments, such as apartments and strata-title
perkantoran strata yang diperkirakan masih menghadapi            offices, which are still expected to face pressure. This trend
tekanan. Gejala tersebut tercermin dari tingkat permintaan       is reflected in demand and occupancy levels that have not
dan okupansi yang belum sepenuhnya pulih, serta kondisi          yet fully recovered, as well as intense competition driven
persaingan yang ketat akibat keterbatasan minat investor         by limited investor interest and pressure on rental rates.
dan tekanan terhadap tingkat sewa. Para pengembang               Property developers are therefore likely to delay the launch




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properti akan cenderung menahan peluncuran proyek            of new projects and focus their strategies on optimizing
baru dan memfokuskan strategi pada optimalisasi stok         existing inventory and enhancing the performance of
yang tersedia serta peningkatan kinerja aset yang telah      operational assets.
beroperasi.


Sementara itu, segmen kawasan industri dan pergudangan       Meanwhile, the industrial estate and warehouse segments
diperkirakan tetap menunjukkan prospek yang relatif          are expected to remain relatively more resilient. Demand
lebih resilien. Kebutuhan terhadap lahan industri dan        for industrial land and supporting facilities continues to
fasilitas pendukung aktivitas usaha masih terjaga, seiring   be sustained, driven by investment realization, industrial
dengan realisasi investasi, relokasi industri, serta minat   relocation, and interest from both domestic and foreign
investor lokal dan asing, khususnya pada kawasan industri    investors, particularly in industrial estates supported by
yang didukung oleh infrastruktur memadai dan struktur        adequate infrastructure and competitive cost structures.
biaya yang kompetitif. Perseroan memandang segmen ini        The Company views this segment as having the potential to
berpotensi menjadi salah satu penopang kinerja usaha di      become one of the key contributors to business performance
tengah kondisi pasar properti yang masih selektif.           amid a property market that remains selective.


Dalam menghadapi prospek usaha tahun 2026, Perseroan         In addressing the business outlook for 2026, the Company
akan menerapkan strategi yang adaptif dan lebih hati-        will implement an adaptive and prudent strategy by
hati dengan memprioritaskan penguatan fundamental            prioritizing the strengthening of operational fundamentals.
operasional. Fokus utama diarahkan pada optimalisasi         Key focus areas include optimizing existing assets,
aset yang telah dimiliki, peningkatan tingkat hunian dan     improving occupancy rates and leasing performance across
kinerja penyewaan pada aset perkantoran, apartemen,          office, apartment, and retail assets, and strengthening the
dan ritel, serta penguatan kontribusi pendapatan berulang    contribution of recurring income as a stabilizing factor amid
sebagai penopang stabilitas kinerja di tengah dinamika       market dynamics. The Company also continues to explore
pasar. Perseroan juga terus membuka peluang kerja sama       opportunities for strategic partnerships and collaborations
dan kolaborasi strategis guna mengoptimalkan nilai           to optimize the development value of its assets and land
pengembangan aset dan cadangan lahan, sekaligus menjaga      bank, while maintaining flexibility in responding to changing
fleksibilitas dalam merespons perubahan kondisi pasar dan    market conditions and new business opportunities.
peluang usaha baru.


Dengan pendekatan yang berlandaskan kehati-hatian,           With an approach grounded in prudence, selectivity, and
selektivitas, dan disiplin eksekusi, Perseroan meyakini      disciplined execution, the Company believes it can maintain
dapat menjaga ketahanan usaha sepanjang tahun 2026,          business resilience throughout 2026 while establishing
sekaligus mempersiapkan fondasi yang lebih solid untuk       a stronger foundation to capture sustainable growth
memanfaatkan peluang pertumbuhan secara berkelanjutan        opportunities in the periods ahead.
pada periode berikutnya.




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ASPEK PEMASARAN
MARKETING ASPECT

Secara umum, strategi pemasaran Intiland berfokus pada         In general, Intiland’s marketing strategy is focused on the
penjualan stok yang tersedia dengan menyesuaikan               sale of existing stock, with approaches tailored to market
pendekatan terhadap kondisi pasar yang didominasi              conditions that are predominantly driven by end users. In
pengguna akhir. Pada 2025, ketika pasar high-rise cenderung    2025, when the high-rise market tended to stagnate, Intiland
stagnan, Intiland memperkuat fokus penjualan di segmen         strengthened its sales focus on the landed residential and
kawasan perumahan dan kawasan industri yang terbukti           industrial estate segment, which proved to be the largest
menjadi    kontributor   terbesar      terhadap   pencapaian   contributor to overall sales performance. At the same time,
penjualan. Di sisi lain, perusahaan tetap menjaga aktivitas    the Company maintained consistent marketing activities
pemasaran secara konsisten melalui promosi digital dan         through digital promotions and integrated campaigns while
kampanye terpadu, serta memperbanyak kegiatan di               increasing on-site events at projects location to encourage
proyek-proyek untuk mendorong interaksi langsung dan           direct engagement and strengthen sales conversion.
memperkuat konversi penjualan.


Dalam pelaksanaannya, Intiland aktif memanfaatkan              In its implementation, Intiland actively leveraged government
momentum program pemerintah seperti insentif PPN DTP,          programs, such as the Government-Borne Value Added
sekaligus memperluas kolaborasi dengan perbankan dan           Tax (VAT DTP) incentive, while expanding collaborations
institusi lainnya untuk menghadirkan program promo dan         with banks and other institutions to offer more attractive
skema pembayaran yang lebih menarik. Perseroan juga            promotional programs and payment schemes. The Company
memperkuat strategi penjualan berbasis jaringan melalui        also strengthened its network-based sales strategy through
program referral dan buyer get buyer. Untuk segmen high-       referral programs and buyer-get-buyer initiatives. For the
rise, Intiland mengoptimalkan stok unit yang ada melalui       high-rise segment, Intiland optimized existing unit inventory
paket penjualan fully furnished, program Bulk Price, serta     through fully furnished sales packages, bulk pricing
skema alternatif seperti Rent to Own guna memperluas           programs, and alternative schemes such as rent-to-own, in
target pasar, termasuk pembeli dari warga negara asing.        order to broaden its target market, including foreign buyers.


Memasuki tahun 2026, strategi pemasaran Intiland               Entering 2026, Intiland’s marketing strategy further reinforces
semakin menegaskan fokus pada optimalisasi stok yang           its focus on optimizing existing stock across all segments,
tersedia di seluruh segmen, dengan langkah-langkah             through initiatives such as repositioning older products to
seperti pengemasan ulang produk lama agar terasa lebih         enhance their relevance, adjusting design and specifications
relevan, penyesuaian desain dan spesifikasi agar lebih         to improve affordability, and enhancing building quality
terjangkau, hingga peningkatan kualitas bangunan dan           and services to maintain customer satisfaction. Intiland
layanan untuk menjaga kepuasan pelanggan. Intiland juga        is also strengthening the marketing of business units that
mulai memperkuat pemasaran unit-unit bisnis dengan             optimize existing assets, including exploring new functional
mengoptimalisasi aset-aset yang ada, termasuk membuka          uses for certain assets (such as expanding the use of strata
peluang fungsi baru pada aset tertentu (misalnya perluasan     office space), activating leasing teams, and establishing
fungsi strata office), mengaktifkan tim leasing, serta         fit-out collaborations with vendors under profit-sharing
membangun kolaborasi fit out dengan vendor melalui skema       schemes. All of these strategies are implemented alongside
profit sharing. Seluruh strategi ini dijalankan bersamaan      strengthened agent relationships, more aggressive digital
dengan penguatan relasi agen properti, promosi digital yang    promotion, and cross-functional coordination to ensure that
lebih agresif, serta koordinasi lintas tim untuk memastikan    existing inventory remains well-maintained and ready for
unit stok tetap terawat dan siap dipasarkan.                   sale.
                                                               .




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KEBIJAKAN DIVIDEN
DIVIDEN POLICY

Pembagian dividen dilakukan sekali dalam setahun yang                       Dividend distribution is carried out annually and the
jumlahnya ditentukan berdasarkan pada besarnya laba                         amount is determined based on the income earned in the
yang diperoleh tiap tahunnya serta kondisi Perseroan                        year and the condition of the Company without limiting
tanpa membatasi hak Pemegang dalam Rapat Umum                               the rights of the Shareholders at the General Meeting of
Pemegang Saham (RUPS) untuk menentukan keputusan                            Shareholders to determine otherwise. Dividend payments
lain.    Pembayaran         dividen   akan    dilakukan      setelah        will be made after obtaining the approval of the General
mendapatkan persetujuan Rapat Umum Pemegang Saham                           Meeting of Shareholders as well as the proposal of the Board
serta atas usulan Direksi dengan memperhatikan peraturan                    of Directors with due observance of the applicable laws
perundangan yang berlaku serta pertimbangan atas                            and regulations as well as consideration of the Company’s
kemampuan finansial Perseroan.                                              financial capabilities.


Sesuai hasil RUPS Tahunan tanggal 28 Mei 2025, sisa Laba                    In accordance with the results of the AGMS dated May 28,
bersih Perseroan setelah disisihkan sebagai dana cadangan                   2025, the Company’s remaining net profit after being set
wajib Perseroan, dicatat sebagai Laba Ditahan Perseroan.                    aside as the Company’s mandatory reserve fund is recorded
                                                                            as the Company’s retained profit.

Tabel Riwayat Pembayaran Dividen
Table of History of Dividend Disbursement
                                             Dividen Tunai
                                                                                                                                  Rasio
                    Tahun Buku                Per Saham                Jumlah Dividen            Laba Tahun Berjalan
  No                                                                                                                           Pembayaran
                     Fiscal Year             Cash Dividend              Total Dividend         Income for the Year (Rp)
                                                                                                                             Payout Ratio (%)
                                               per Share
   1     31 Desember 1992
                                                          50                 8.120.900.000                 12.176.411.840                  54
         December 31, 1992
   2     31 Desember 1993
                                                          100               16.241.800.000                22.553.304.654                   72
         December 31, 1993
   3     31 Desember 1994
                                                          115                28.017.105.000                55.411.663.493                  43
         December 31, 1994
   4     31 Desember 1995
                                                          115                28.017.105.000                57.689.512.093                  49
         December 31, 1995
   5     31 Desember 1996
                                                          100               24.362.700.000                70.299.340.849                   35
         December 31, 1996
   6     31 Desember 1997
                                                             -                            -            (169.680.960.083)                    -
         December 31, 1997
   7     31 Desember 1998
                                                             -                            -              (179.753.586.162)                  -
         December 31, 1998
   8     31 Desember 1999
                                                       0,20                     185.156.520                18.323.771.464                   1
         December 31, 1999
   9     31 Desember 2000
                                                             -                            -            (274.290.900.669)                    -
         December 31, 2000




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                                     Dividen Tunai
                                                                                                                   Rasio
              Tahun Buku              Per Saham          Jumlah Dividen           Laba Tahun Berjalan
No                                                                                                              Pembayaran
               Fiscal Year           Cash Dividend        Total Dividend        Income for the Year (Rp)
                                                                                                              Payout Ratio (%)
                                       per Share
10   31 Desember 2001
                                                     -                      -            (102.706.354.814)                      -
     December 31, 2001
11   31 Desember 2002
                                                     -                      -             108.069.679.010                       -
     December 31, 2002
12   31 Desember 2003
                                                     -                      -               13.259.836.924                      -
     December 31, 2003
13   31 Desember 2004
                                                     -                      -              (45.750.227.673)                     -
     December 31, 2004
14   31 Desember 2005
                                                     -                      -              (34.485.314.719)                     -
     December 31, 2005
15   31 Desember 2006
                                                     -                      -              80.229.873.493                       -
     December 31, 2006
16   31 Desember 2007
                                                     -                      -               20.429.374.533                      -
     December 31, 2007
17   31 Desember 2008
                                                     -                      -                14.165.322.151                     -
     December 31, 2008
18   31 Desember 2009
                                                     -                      -               25.612.283.715                      -
     December 31, 2009
19   31 Desember 2010
                                                     -                      -              350.491.922.129                      -
     December 31, 2010
20   31 Desember 2011
                                                     3         31.097.562.555              139.992.311.478                     22
     December 31, 2011
21   31 Desember 2012
                                                     5         51.829.270.925               181.319.353.633                   29
     December 31, 2012
22   31 Desember 2013
                                                     8         82.136.793.480             323.628.928.262                     26
     December 31, 2013
23   31 Desember 2014
                                                 10           102.670.991.850              429.130.287.067                     24
     December 31, 2014
24   31 Desember 2015
                                                     5         51.335.495.925              401.477.919.700                   12,8
     December 31, 2015
25   31 Desember 2016
                                                     5         51.829.270.925              298.891.746.733                   17,3
     December 31, 2016
26   31 Desember 2017
                                                     -                      -               297.491.171.119                     -
     December 31, 2017
27   31 Desember 2018
                                                     2         20.731.708.370              212.504.509.510                     10
     December 31, 2018
28   31 Desember 2019
                                                     -                      -              251.957.248.676                      -
     December 31, 2019
29   31 Desember 2020
                                                     -                      -              113.988,758.599                      -
     December 31, 2020
30   31 Desember 2021
                                                     -                      -               12.185.982.160                      -
     December 31, 2021
31   31 Desember 2022
                                                     -                      -            (98.844.466.051)                       -
     December 31, 2022
32   31 Desember 2023
                                                     -                      -             174.108.406.452                       -
     December 31, 2023




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REALISASI PENGGUNAAN DANA HASIL
PENAWARAN UMUM
REALIZATION OF USE OF FUNDS FROM PUBLIC OFFERING

Di tahun 2025, Perseroan sudah tidak memiliki kewajiban           In 2025, the Company is no longer required to report the
pelaporan realisasi penggunaan dana hasil penawaran umum          realization of the use of proceeds from the public offering
seperti yang diatur dalam peraturan. Sebelumnya, Perseroan        as stipulated under applicable regulations. Previously, the
telah menyampaikan laporan realisasi penggunaan dana              Company had submitted the report on the realization of
hasil penawaran umum pada periode pelaporan tahun 2024.           the use of proceeds from the public offering for the 2024
                                                                  reporting period.




PERUBAHAN PERATURAN PERUNDANG-UNDANGAN
YANG BERDAMPAK SIGNIFIKAN PADA PERSEROAN
CHANGES IN LEGISLATION THAT SIGNIFICANTLY AFFECTED THE COMPANY

Sepanjang tahun 2025, tidak terdapat perubahan peraturan          During 2025, there were no changes to statutory regulations
perundang-undangan              yang   berpengaruh   signifikan   that significantly impacted the Company or its financial
terhadap Perseroan maupun laporan keuangan. Perseroan             statements. The Company is committed to complying with
berkomitmen untuk mematuhi setiap peraturan perundang-            all prevailing laws and regulations.
undangan yang berlaku.




                                                                                                   Sakha Semanan, Jakarta




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                                                                                                     Management Discussion and Analysis




PERUBAHAN KEBIJAKAN AKUNTANSI
CHANGES IN ACCOUNTING POLICIES

I.    Diterapkan pada tahun 2025                                I.   Adopted during 2025
      Penerapan amendemen PSAK No. 221, "Pengaruh                    The implementation of amendments to PSAK No. 221, "The
      Perubahan Kurs Valuta Asing" terkait kondisi ketika            Effect of Changes in Foreign Exchange Rates" regarding to
      suatu mata uang tidak tertukarkan, yang berlaku efektif        conditions when a currency is not exchangeable, which is
      1 Januari 2025 dan relevan bagi Grup, tidak menyebabkan        effective from January 1, 2025 and relevant for the Group,
      perubahan material terhadap jumlah-jumlah yang                 had no material impact on the amounts reported in the
      dilaporkan dalam laporan keuangan konsolidasian.               consolidated financial statements.


II. Telah diterbitkan namun belum berlaku efektif               II. Issued but not yet effective
      Standar baru dan amendemen standar akuntansi                   The new standards and amendments to financial
      keuangan yang telah diterbitkan yang bersifat wajib            accounting standards issued that are mandatory for the
      untuk tahun buku yang dimulai pada atau setelah:               financial year beginning or after:


      1 Januari 2026                                                 January 1, 2026
      •   Amandemen PSAK No. 109, “InstrumenKeuangan”                •   Amendment to PSAK No. 109, “Financial Instruments”
          dan    PSAK    No.    107,   “Instrume   Keuangan:             and PSAK No. 107, “Financial Instrument: Disclosure”
          Pengungkapan” tentang klasifikasi dan pengukuran               about classification and measurement of financial
          instrumen keuangan.                                            instruments.
      •   Amandemen PSAK No. 107, “Instrumen Keuangan:               •   Amendment of PSAK No. 107, “Financial Instrument:
          Pengungkapan” - Keuntungan atau Kerugian pada                  Disclosure” - Gain or Loss on Derecognition.
          Penghentian Pengakuan.
      •   Amandemen Panduan Implementasi PSAK No.                    •   Amendment to Guidance on Implementing PSAK
          107,   “Instrumen     Keuangan:     Pengungkapan”              No. 107, “Financial Instruments: Disclosures” -
          Pendahuluan; Pengungkapan Risiko Kredit; dan                   Introduction; Credit Risk, Disclosures; and Disclosure
          Pengungkapan Perbedaan Tertunda antara Nilai                   of Deferred Difference between Fair Value and
          Wajar dan Harga Transaksi.                                     Transaction Price
      •   Amandemen PSAK No. 109, “Instrumen Keuangan”               •   Amendment of PSAK No. 109, “Financial Instrument”
          - Klasifikasi dan Pengukuran Instrumen Keuangan -              - Classification and Measurement of Financial
          Penghentian Pengakuan Kewajiban Sewa; dan Harga                Instruments - Derecognition of Lease Liabilities; and
          Transaksi.                                                     Transaction Price.
      •   Amandemen PSAK No. 207, “Laporan Arus Kas”-                •   Amendment of PSAK No. 207, “Statement of Cash
          Metode Biaya                                                   Flows” - Cost Method


      1 Januari 2027                                                 January 1, 2027
      •   PSAK No. 118, ”Penyajian dan Pengungkapan dalam            •   PSAK No. 118, “Presentation and Disclosures in
          Laporan Keuangan”                                              Financial Statements”


Sampai dengan tanggal penerbitan laporan keuangan               As at the authorization date of these consolidated financial
konsolidasian, Perseroan masih mempelajari dampak               statements, the Company is still evaluating the potential
yang mungkin timbul dari penerapan standar baru dan             impact from the implementation of the new standards
amandemen terhadap laporan keuangan konsolidasian               and amendments on the Company’s consolidated financial
Perseroan.                                                      statements.




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INFORMASI MATERIAL PADA INVESTASI, EKSPANSI,
DIVESTASI, PENGGABUNGAN ATAU PELEBURAN, AKUISISI
DAN RESTRUKTURISASI MODAL / UTANG
MATERIAL INFORMATION ON INVESTMENT, EXPANSION, DIVESTMENT,
BUSINESS MERGER OR CONSOLIDATION, ACQUISITION AND CAPITAL / DEBT
RESTRUCTURING


Pada tahun 2025, Perseroan tidak memiliki informasi           In 2025, The Company has no material information on
material berkaitan dengan investasi, ekspansi, divestasi,     investment,     diversification,   expansion,   merger,   and
penggabungan atau peleburan, dan akuisisi.                    acquisition.


Di tahun 2025, Perseroan melakukan sejumlah restrukturisasi   In 2025, the Company carried out several debt restructuring
utang dengan perincian sebagai berikut:                       initiatives, with details as follows:


Pada tanggal 8 Desember 2025, Perusahaan telah                On December 8, 2025, the Company has signed several
menandatangani beberapa addendum perjanjian dengan            addendum agreements with several points as follows:
beberapa poin sebagai berikut:
a. Perpanjangan tanggal jatuh tempo dari 10 Desember          a. Maturity date extension from December 10, 2031 to June
    2031 menjadi 30 Juni 2035.                                   30, 2035.
b. Suku bunga efektif sejak tanggal 8 Desember 2025           b. The effective interest rate from December 8, 2025 to
    sampai 31 Desember 2030 adalah 5,0% per tahun dimana         December 31, 2030 is 5.0% per year, in which the interest
    bunga yang dibayar oleh Perusahaan adalah 2,0% per           paid by the Company is 2.0% per year and the deferred
    tahun dan bunga yang ditangguhkan sebesar 3,0% per           interest is 3.0% per year. Effective interest payments are
    tahun. Pembayaran bunga efektif dibebankan setiap 3          charged every 3 months.
    bulan.
c. Suku bunga efektif sejak tanggal 1 Januari 2031 sampai     c. The effective interest rate from January 1, 2031 to June
    30 Juni 2035 adalah 5,0% per tahun dimana bunga              30, 2035 is 5.0% per year, in which the interest paid by
    yang dibayar oleh Perusahaan adalah 3,0% per tahun           the Company is 3.0% per year and the deferred interest
    dan bunga yang ditangguhkan sebesar 2,0% per tahun.          is 2.0% per year. Effective interest payments are charged
    Pembayaran bunga efektif dibebankan setiap 3 bulan.          every 3 months.




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INFORMASI TRANSAKSI MATERIAL YANG MENGANDUNG
BENTURAN KEPENTINGAN DAN TRANSAKSI DENGAN
PIHAK AFILIASI/BERELASI
INFORMATION ON MATERIAL TRANSACTIONS WITH CONFLICT OF INTEREST
AND TRANSACTIONS WITH AFFILIATES/RELATED PARTIES

Di tahun 2025, Perseroan tidak memiliki informasi transaksi   In 2025, The Company has no information on material
material yang mengandung benturan kepentingan dan             transactions with conflict of interest and transactions with
transaksi dengan pihak afiliasi atau berelasi.                affiliates or related parties.




PENDUKUNG BISNIS
BUSINESS SUPPORT


Sumber Daya Manusia                                           Human Resources
Perseroan memahami bahwa Sumber Daya Manusia (SDM)            The Company recognizes that Human Resources (HR) are
merupakan aset utama dalam mencapai visi, misi, dan           its most valuable asset in achieving its vision, mission,
tujuan perusahaan. Intiland berkomitmen untuk terus           and business objectives. Intiland remains committed to
meningkatkan kualitas SDM yang selaras dengan nilai-nilai     enhancing the quality of its workforce in alignment with
perusahaan, dengan tetap menjaga keseimbangan antara          corporate values, while maintaining a balance between
produktivitas, kesejahteraan karyawan, pengembangan           productivity, employee welfare, competency development,
kompetensi, serta aspek keselamatan kerja.                    and workplace safety.


Pada tahun 2025, Perseroan melanjutkan implementasi           In 2025, the Company continued to implement structured
program pengembangan karyawan yang terstruktur, dengan        employee development programs, with a focus on leadership
fokus pada pengembangan kepemimpinan melalui pelatihan,       development through training, mentoring, and talent pool
mentoring, dan program talent pool guna mendukung             initiatives to support organizational growth and internal
pertumbuhan organisasi serta kolaborasi internal. Selain      collaboration. In addition, the Company strengthened
itu, Perseroan juga memperkuat program yang mendorong         programs that promote corporate culture, teamwork,
budaya perusahaan, kerja sama tim, dan pembelajaran           and continuous learning, accompanied by competency
berkelanjutan, disertai dengan evaluasi kompetensi untuk      evaluations to identify and address existing gaps.
mengidentifikasi dan menutup kesenjangan yang ada.


Perseroan tetap memfokuskan pengembangan pada aspek           The Company maintained its focus on key development
inovasi, orientasi hasil, dan peningkatan kualitas layanan    areas, including innovation, results orientation, and
kepada pelanggan.                                             customer service excellence.




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Rekrutmen                                                    Recruitment
Perseroan menerapkan proses rekrutmen yang transparan        The Company implements a transparent recruitment process
dan sesuai kebutuhan organisasi, dengan tujuan memastikan    aligned with organizational needs to ensure the availability
ketersediaan SDM yang mendukung keberlanjutan bisnis.        of human resources that support business sustainability.
Perseroan berkomitmen untuk menarik, mempertahankan,         The Company is committed to attracting, retaining, and
dan mengembangkan talenta melalui skema imbalan yang         developing talent through competitive compensation
kompetitif berdasarkan kinerja dan kontribusi.               schemes based on performance and contribution.


Pada tahun 2025, Perseroan memprioritaskan rekrutmen         In 2025, the Company prioritized internal recruitment, taking
internal dengan mempertimbangkan dinamika industri           into account industry dynamics and organizational needs,
dan kebutuhan organisasi, dengan fokus pada pemenuhan        with a focus on fulfilling workforce requirements in building
tenaga kerja di unit pengelolaan gedung dan kawasan.         and estate management units. Internal recruitment also
Rekrutmen internal juga menjadi bagian dari strategi         forms part of the Company’s career development strategy
pengembangan karier melalui program promosi, mutasi, dan     through promotion, transfer, and rotation programs,
rotasi, guna mengoptimalkan potensi SDM, meningkatkan        aimed at optimizing human resource potential, enhancing
kompetensi, serta menjaga kesinambungan organisasi.          competencies, and ensuring organizational continuity.


Pada tahun 2025, total jumlah karyawan yang mengundurkan     In 2025, the total number of employees who resigned, passed
diri, meninggal dunia, maupun memasuki masa pensiun          away, or retired was recorded at 99 people. Meanwhile, the
tercatat sebanyak 99 orang. Sementara jumlah rekrutmen       number of newly recruited employees was 45 people.
karyawan baru sebanyak 45 orang.


Tabel Jumlah Rekrutmen Karyawan dan Karyawan yang Mengundurkan Diri
Table of Number of Employee Recruitment and Resigned Employees
                                     Karyawan
                                                                    2023                2024                 2025
                                     Employees
 Rekrutmen Baru
                                                                             83                   83                  45
 New Employees
 Mengundurkan Diri dan Pensiun
                                                                            139                  147                  99
 Resigned and Retired



Penilaian Kinerja                                            Performance Assessment
Penilaian kinerja karyawan adalah sistem yang digunakan      Employee performance assessment is a system used to
untuk menilai dan mengetahui kesesuaian pelaksanaan          assess and determine the suitability of the work carried
kerja yang dilakukan seorang karyawan dengan tugas dan       out by an employee, given their duties and responsibilities.
tanggung jawabnya. Intiland mengimplementasikan prinsip      Intiland implements the principle of accountability that
akuntabilitas yang menuntut kesesuaian antara uraian tugas   demands conformity between job descriptions and their
dengan realisasinya. Penilaian kinerja ini juga merupakan    actualization. Performance assessment is also an effort to
upaya untuk menilai prestasi dengan tujuan meningkatkan      assess achievement aiming to increase both the Company’s
produktivitas karyawan maupun perusahaan.                    and employees’ productivity.




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Pengukuran penilaian kinerja karyawan menggunakan               Employee performance is measured using the Key
metode Key Performance Indicator (KPI) yang dilakukan           Performance Indicator (KPI) method, which is conducted
setiap satu tahun sekali. Melalui metode KPI, Perseroan         annually. Through the KPI method, the Company can evaluate
dapat melakukan evaluasi kinerja setiap karyawan secara         the performance of each employee in a more objective and
lebih obyektif dan terukur. Hasil penilaian KPI dapat menjadi   measurable manner. KPI assessment results can be the basis
dasar Perseroan untuk memberikan penghargaan atau               for the Company to provide reward or punishment to the
ganjaran kepada karyawan.                                       employees.

Remunerasi Karyawan                                             Employess Remuneration
Intiland menyusun dan menetapkan remunerasi karyawan            Intiland formulated the remuneration for its employees with
dengan mengacu pada Anggaran Dasar Perusahaan serta             reference to the Company’s Articles of Association and the
merujuk pada peraturan perundang-undangan yang berlaku          prevailing regulations, among others the Law No. 13/2003 on
antara lain Undang-undang No. 13 tahun 2003 tentang             Employment, and the local regulations on minimum wage
Ketenagakerjaan dan ketentuan daerah di masing-masing           that prevail in each of the operational areas of Intiland.
wilayah operasional Intiland terkait upah minimum. Secara       On a regular basis, the Company adjusts the amount of
berkala, Perusahaan melakukan penyesuaian besaran               remuneration to the rising living standards. This adjustment
remunerasi agar tetap sejalan dengan peningkatan                of remuneration also takes into account the individual’s
biaya hidup. Penyesuaian besaran remunerasi tersebut,           performance and the Company’s performance.
mempertimbangkan kinerja pekerja dan kinerja Perusahaan.

Pelatihan dan Pengembangan Sumber Daya                          Human Resources Training and Development
Manusia
Perseroan   secara   terus-menerus     melakukan    program     The Company continues to enhance its HR quality through
pengembangan guna meningkatkan mutu SDM yang                    various development initiatives, as this will result in quality
kemudian akan dapat meningkatkan mutu hasil produksi.           improvement in production. Training and development
Penyelenggaraan program pelatihan serta pengembangan            programs are held to ensure that the employees are abreast
bertujuan    untuk    memastikan       karyawan     memiliki    with the latest knowledge and competence in line with the
pengetahuan dan kompetensi terkini sesuai dengan                developments in the property industry.
kemajuan industri properti.


Sepanjang 2025 telah dilaksanakan berbagai pelatihan dan        During 2025, various training and development programs
program pengembangan antara lain:                               have been implemented, including:




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Tabel Program Pelatihan Karyawan tahun 2025 sebagai berikut:
Table of Development Programs in 2025 as follows:
Catatan | Note:
L: Laki-Laki | M: Male, P: Perempuan | F: Female




                    Jenis Pelatihan                                                                                    Waktu
                                                   Nama Pelatihan                Tujuan Program
   No.                  Type of                                                                                     Pelaksanaan
                                                     Activities                     Objectives
                       training                                                                                 Implementation Date


    1.     Lokakarya                        Workshop Innovative Mindset   Membekali peserta dengan          3-4 & 10-11 Februari 2025
           Workshop                         Leads to Transformative       mindset dan keterampilan          3-4 & 10-11 February 2025
                                            Solutions                     inovatif untuk menciptakan
                                                                          serta mengimplementasikan
                                                                          ide-ide baru yang relevan
                                                                          dan berkelanjutan guna
                                                                          meningkatkan kinerja divisi.
                                                                          To equip participants with an
                                                                          innovative mindset and skills
                                                                          to create and implement new,
                                                                          relevant, and sustainable
                                                                          ideas that enhance divisional
                                                                          performance.
    2.     Pelatihan                        Membahas Pergub No.31         Untuk meningkatkan                6 Februari 2025
           Training                         Tahun 2022: Pedoman Bagi      pemahaman peserta                 6 February 2025
                                            Dunia Properti & Bisnis       mengenai Pergub No. 31
                                            Discussing Governor           Tahun 2022 serta implikasinya
                                            Regulation No. 31 of 2022:    bagi dunia properti dan bisnis,
                                            A Guide for the Property &    sehingga peserta mampu
                                            Business Sector               menerapkan ketentuan
                                                                          yang berlaku secara tepat,
                                                                          patuh terhadap regulasi, dan
                                                                          mendukung keberlangsungan
                                                                          usaha yang beretika serta
                                                                          berkelanjutan.
                                                                          To improve participants'
                                                                          understanding of Governor
                                                                          Regulation No. 31 of 2022
                                                                          and its implications for the
                                                                          property and business sector,
                                                                          enabling participants to apply
                                                                          the applicable provisions
                                                                          accurately, comply with
                                                                          regulations, and support
                                                                          ethical and sustainable
                                                                          business continuity.
    3.     Pelatihan                        NHOB (New Hire on Board)      Memberikan pelatihan              19 Februari 2025
           Training                                                       kepada para karyawan              19 February 2025
                                                                          baru dengan materi
                                                                          yang menyeluruh yaitu
                                                                          meliputi modul NHOB yang
                                                                          disampaikan secara luring
                                                                          dan 3 modul lainnya yang
                                                                          dipelajari melalui E-Learning
                                                                          GLADIS yaitu modul
                                                                          Corporate Values, modul
                                                                          Non-Disclosure Agreement
                                                                          (NDA), dan modul Kode Etik.
                                                                          To provide new employees
                                                                          with comprehensive training
                                                                          covering the NHOB module
                                                                          delivered offline and 3 other
                                                                          modules studied through the
                                                                          GLADIS E-Learning platform:
                                                                          the Corporate Values
                                                                          module, the Non-Disclosure
                                                                          Agreement (NDA) module,
                                                                          and the Code of Ethics
                                                                          module.




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                                  Jenis Kelamin     Durasi Pelatihan                               Knowledge
                                     Gender        dihitung per-orang                               Sharing
                                                                          Investasi
           Lokasi                                     (jam/orang)
                                                                         Investment
          Location               L            P    Training Hours per                         YA             TIDAK
                                                                             (Rp)
                                 M            F          person                               YES             NO
                                                     (hour/person)
Intiland Tower Jakarta           30           16          16            Rp95.000.000           V
Spazio




Intiland Tower Jakarta           24           19           3                 -                 V




Intiland Tower Jakarta           9            4            3            Rp1.000.000            V




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                    Jenis Pelatihan                                                                                    Waktu
                                               Nama Pelatihan                    Tujuan Program
   No.                  Type of                                                                                     Pelaksanaan
                                                 Activities                         Objectives
                       training                                                                                 Implementation Date


    4.     Pelatihan                    Cara Lapor Pajak Tahunan          Meningkatkan pemahaman            11 Maret 2025
           Training                     How to Report Annual Tax          peserta dalam mengisi dan         11 March 2025
                                                                          melaporkan SPT Tahunan
                                                                          Pribadi secara benar, tepat
                                                                          waktu, dan sesuai ketentuan
                                                                          perpajakan yang berlaku.
                                                                          To enhance participants'
                                                                          understanding of correctly
                                                                          completing and reporting
                                                                          their Annual Personal Tax
                                                                          Return (SPT Tahunan Pribadi)
                                                                          in a timely manner and in
                                                                          accordance with applicable
                                                                          tax regulations.

    5.     Pelatihan                    Menghidupkan Nilai Hormat         Memahami arti dan                 21 Maret 2025
           Training                     di Intiland                       pentingnya Hormat sebagai         21 March 2025
                                        Bringing the Value of Respect     salah satu nilai yang harus
                                        at Intiland                       dimiliki Insan Intiland;
                                                                          Mengidentifikasi perilaku
                                                                          yang mencerminkan sikap
                                                                          hormat; Menerapkan perilaku
                                                                          hormat dalam interaksi
                                                                          dengan rekan kerja untuk
                                                                          menciptakan hubungan kerja
                                                                          yang positif, harmonis, dan
                                                                          produktif.
                                                                          To understand the meaning
                                                                          and importance of Respect
                                                                          as one of the core values
                                                                          that every Intiland employee
                                                                          must embody; to identify
                                                                          behaviors that reflect a
                                                                          respectful attitude; and to
                                                                          apply respectful behavior
                                                                          in interactions with
                                                                          colleagues to foster positive,
                                                                          harmonious, and productive
                                                                          working relationships.
    6.     Pelatihan                    Mewujudkan Budaya                 Meningkatkan pemahaman            14 Juli 2025
           Training                     Kepatuhan melalui Pakta           karyawan dalam menerapkan         14 July 2025
                                        Integritas                        Pakta Integritas guna
                                        Cultivating a Culture of          mewujudkan budaya
                                        Compliance through the            kepatuhan di lingkungan
                                        Integrity Pact                    kerja.
                                                                          To strengthen employees'
                                                                          understanding of
                                                                          implementing the Integrity
                                                                          Pact in order to cultivate a
                                                                          culture of compliance within
                                                                          the workplace.
    7.     Pelatihan                    Pelatihan Internal - Excel Zero   Membangun pemahaman               28 Agustus 2025
           Training                     to Hero: Menguasai Dasar-         dasar mengenai Excel untuk        28 August 2025
                                        Dasar Microsoft Excel (Basic      pengelolaan data yang lebih
                                        Level) - Surabaya                 rapi, terstruktur, dan efisien.
                                        Internal Training – Excel Zero    To build a foundational
                                        to Hero: Mastering Microsoft      understanding of Excel for
                                        Excel Fundamentals (Basic         cleaner, more structured, and
                                        Level) – Surabaya                 efficient data management.




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                                  Jenis Kelamin     Durasi Pelatihan                              Knowledge
                                     Gender        dihitung per-orang                              Sharing
                                                                         Investasi
           Lokasi                                     (jam/orang)
                                                                        Investment
          Location               L            P    Training Hours per                        YA             TIDAK
                                                                            (Rp)
                                 M            F          person                              YES             NO
                                                     (hour/person)
Online via Ms. Teams             49           60          1.5               -                 V




E-Learning (GLADIS)             288          206           1                -                 V




E-Learning (GLADIS)             329          232           1                -                 V




Spazio                           3            19           3                -                 V




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                    Jenis Pelatihan                                                                                    Waktu
                                               Nama Pelatihan                    Tujuan Program
   No.                  Type of                                                                                     Pelaksanaan
                                                 Activities                         Objectives
                       training                                                                                 Implementation Date


    8.     Pelatihan                    NHOB (New Hire on Board)          Memberikan pelatihan              15 September 2025
           Training                                                       kepada para karyawan              15 September 2025
                                                                          baru dengan materi
                                                                          yang menyeluruh yaitu
                                                                          meliputi modul NHOB yang
                                                                          disampaikan secara luring
                                                                          dan 3 modul lainnya yang
                                                                          dipelajari melalui E-Learning
                                                                          GLADIS yaitu modul Nilai
                                                                          Perusahaan, modul Non-
                                                                          Disclosure Agreement (NDA),
                                                                          dan modul Kode Etik.
                                                                          To provide new employees
                                                                          with comprehensive training
                                                                          covering the NHOB module
                                                                          delivered offline and 3 other
                                                                          modules studied through the
                                                                          GLADIS E-Learning platform:
                                                                          the Corporate Values
                                                                          module, the Non-Disclosure
                                                                          Agreement (NDA) module,
                                                                          and the Code of Ethics
                                                                          module.
    9.     Pelatihan                    Pelatihan Internal - Excel Zero   Membangun pemahaman               18 September 2025
           Training                     to Hero: Menguasai Dasar-         dasar mengenai Excel untuk        18 September 2025
                                        Dasar Microsoft Excel (Tingkat    pengelolaan data yang lebih
                                        Dasar) - Jakarta                  rapi, terstruktur, dan efisien.
                                        Internal Training – Excel Zero    To build a foundational
                                        to Hero: Mastering Microsoft      understanding of Excel for
                                        Excel Fundamentals (Basic         cleaner, more structured, and
                                        Level) – Jakarta                  efficient data management.
   10.     Pelatihan                    Dasar Bahasa Inggris untuk        Membekali karyawan dengan         21 Oktober 2025
           Training                     Perkantoran                       pengetahuan dasar bahasa          21 October 2025
                                        Basic Office English              Inggris yang relevan dengan
                                                                          aktivitas perkantoran, guna
                                                                          mendukung komunikasi
                                                                          kerja yang lebih efektif dan
                                                                          profesional.
                                                                          To equip employees with
                                                                          foundational English
                                                                          language skills relevant to
                                                                          office activities, in support
                                                                          of more effective and
                                                                          professional workplace
                                                                          communication.




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                                                                                        Management Discussion and Analysis




                                  Jenis Kelamin     Durasi Pelatihan                               Knowledge
                                     Gender        dihitung per-orang                               Sharing
                                                                         Investasi
           Lokasi                                     (jam/orang)
                                                                        Investment
          Location               L            P    Training Hours per                         YA             TIDAK
                                                                            (Rp)
                                 M            F          person                               YES             NO
                                                     (hour/person)
Intiland Tower Jakarta           6            11           3            Rp1.000.000            V




Intiland Tower Jakarta           15           24           3            Rp6.120.000            V




E-Learning (GLADIS)             242          220           1                 -                 V




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Program Budaya Perseroan
Corporate Culture Programs
Catatan | Note:
L: Laki-Laki | M: Male, P: Perempuan | F: Female



              Tanggal                                                                                       Peserta       Realisasi dari
            Pelaksanaan              Nama Program                Permasalahan                             Participants       Target
  No                                                                                           Target
          Implementation             Program Titles                 Issues                                L        P      Realization of
                Date                                                                                      M        F         Targets

   1     Januari 2025           Kampanye Tahun        Setiap tahun dicanangkan dengan        Seluruh      888     317    Berhasil
         January 2025           Hormat                tema salah satu nilai perusahaan.      karyawan                    diselenggarakan
                                Campaign Year of      Untuk tahun 2025 sebagai tahun         All                         sesuai jadwal
                                Respect               Hormat. Kampanye ini bertujuan         employees                   Accomplished as
                                                      untuk meningkatkan kesadaran dan                                   scheduled
                                                      pemahaman karyawan terhadap
                                                      nilai Hormat.
                                                      Each year is designated with a theme
                                                      based on one of the company's core
                                                      values. For 2025, the theme is the
                                                      Year of Respect. This campaign aims
                                                      to raise employee awareness and
                                                      deepen their understanding of the
                                                      value of Respect.
   2     November 2025          TRICE Amazing Race    Penerapan nilai TRICE, kreativitas,    Seluruh      888     317    Berhasil
         November 2025                                kolaborasi lintas divisi dan           karyawan                    diselenggarakan
                                                      keterlibatan karyawan masih perlu      All                         sesuai jadwal
                                                      ditingkatkan.                          employees                   Accomplished as
                                                      The implementation of TRICE                                        scheduled
                                                      values, creativity, cross-divisional
                                                      collaboration, and employee
                                                      engagement still needs to be further
                                                      improved.
   3     November      – Kompetisi SGA & JDI          Mewadahi karyawan untuk                Seluruh      888     317    Berhasil
         Desember 2025   SGA & JDI                    menyampaikan ide atau program          karyawan                    diselenggarakan
         November      – Competition                  inovasi mereka untuk perusahaan.       All                         sesuai jadwal
         December 2025                                To provide employees with a            employees                   Accomplished as
                                                      platform to share their ideas                                      scheduled
                                                      or innovation programs for the
                                                      company.
   4     Desember 2025          Intiland Town Hall    Kebutuhan penyelarasan arah            Seluruh      888     317    Berhasil
         December 2025                                perusahaan dan penguatan nilai         karyawan                    diselenggarakan
                                                      tahunan.                               All                         sesuai jadwal
                                                      The need for alignment of              employees                   Accomplished as
                                                      the company's direction and                                        scheduled
                                                      reinforcement of the annual core
                                                      value.




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KUALITAS DAN PENINGKATAN BERKELANJUTAN
QUALITY AND CONTINUOUS IMPROVEMENT


Memperkuat Tata Kelola, Sistem, dan                                Strengthening Governance, Systems, and
Operasional Berbasis Inteligensi                                   Intelligent Operations
Divisi Quality and Continuous Improvement (QCID) akan              The Quality and Continuous Improvement Division (QCID)
terus berperan sebagai pilar dalam memperkuat kerangka             continued in 2025 to serve as a key structural component
operasional perusahaan dengan mandat menetapkan                    in strengthening the organization’s operational framework.
standar, memastikan implementasi, serta mendorong                  The division’s mandate remains focused on establishing
peningkatan berkelanjutan di seluruh organisasi.                   clear standards, ensuring consistent implementation, and
                                                                   driving continuous improvement across the organization.


Divisi QCI terdiri dari beberapa departemen yang meliputi          The QCID consists of several departments, including Quality
Mutu dan Peningkatan Berkelanjutan, Manajemen Risiko,              & Continuous Improvement, Risk Management, Information
Informasi Teknologi, Pengansipan Dokumen, dan Keep                 Technology, Document Archive, and Keep Storage. These
Storage. Seluruh fungsi tersebut bekerja secara terintegrasi       functions operate as an integrated framework supporting
dalam mendukung tata kelola, disiplin operasional, serta           governance,     operational     discipline,    and      innovation
inovasi di dalam organisasi.                                       throughout the organization.


Jika pada tahun 2024 fokus utama adalah kesiapan sistem            While 2024 focused primarily on system readiness and
dan stabilisasi operasional, maka tahun 2025 menjadi fase          operational stabilization, 2025 marked a transition toward
penguatan kapabilitas digital, peningkatan pengelolaan             strengthening digital capabilities, improving knowledge
pengetahuan, serta dukungan terhadap berbagai inisiatif            management, and supporting the organization’s evolving
teknologi yang terus berkembang.                                   technological initiatives.

Peningkatan Produktivitas melalui Teknologi                        Advancing Productivity Through AI-Assisted
AI                                                                 Tools
Pada tahun 2025, QCID mulai mengeksplorasi pemanfaatan             In 2025, QCID began exploring the use of AI-assisted
teknologi   berbasis    kecerdasan      buatan     (AI)    untuk   tools to improve internal productivity and strengthen
meningkatkan produktivitas internal dan pengelolaan                knowledge management capabilities. Initial efforts focused
pengetahuan. Upaya awal difokuskan pada evaluasi                   on evaluating technologies capable of interacting with
teknologi yang mampu berinteraksi dengan basis data                structured databases and internal information systems. The
terstruktur dan sistem informasi internal. Tujuannya               objective is to enable more efficient knowledge extraction,
adalah untuk memungkinkan ekstraksi pengetahuan yang               faster information retrieval, and improved summarization of
lebih efisien, pencarian informasi yang lebih cepat, serta         complex data sets to support management decision-making.
penyusunan ringkasan data kompleks guna mendukung
pengambilan keputusan.


Inisiatif ini masih berada dalam tahap evaluasi dan                These initiatives remain in the evaluation and development
pengembangan.      Dalam       jangka   panjang,   perusahaan      stage. The long-term objective is to establish systems capable
menargetkan     pembangunan         sistem    yang        mampu    of securely interacting with internal data repositories,
berinteraksi secara aman dengan repositori data internal,          allowing management teams to obtain clearer insights
sehingga manajemen dapat memperoleh insight yang                   from operational information that would otherwise require
lebih jelas dari informasi operasional yang sebelumnya             significant manual analysis. Rather than replacing existing
memerlukan analisis manual yang intensif. Teknologi ini            processes, these technologies are intended to enhance




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tidak dimaksudkan untuk menggantikan proses yang ada,              the organization’s analytical capabilities and improve the
melainkan untuk memperkuat kapabilitas analitis serta              efficiency with which institutional knowledge is accessed
meningkatkan efisiensi dalam pemanfaatan pengetahuan               and utilized.
organisasi.

Kompetisi SGA JDI – Mendorong Budaya                               SGA JDI Competition – Driving a Culture of
Perbaikan                                                          Improvement
Kompetisi SGA JDI pada tahun 2025 kembali menjadi                  The SGA JDI competition continued in 2025 as an important
platform penting dalam mendorong inovasi terstruktur di            platform for encouraging structured innovation across the
seluruh organisasi. Partisipasi tetap tinggi, dengan berbagai      organization. Participation remained strong, with teams
ide yang diajukan oleh tim lintas divisi untuk meningkatkan        from multiple divisions submitting ideas aimed at improving
efisiensi operasional, menekan biaya, serta memperkuat             operational efficiency, reducing costs, and strengthening
proses internal. Sebagian besar ide berfokus pada perbaikan        internal processes. Many submissions focused on practical
praktis dalam alur kerja, sementara lainnya mengeksplorasi         improvements to existing workflows, while others explored
pemanfaatan teknologi.                                             opportunities to apply technology in support of operational
                                                                   improvements.


Beberapa proposal pemenang saat ini sedang dalam tahap             Several of the winning proposals are currently under
evaluasi untuk implementasi yang lebih luas. Kompetisi             evaluation for broader implementation. The competition
ini terus memperkuat budaya di mana inovasi didorong               continues to reinforce a culture where innovation is
dan perbaikan dilaksanakan melalui proses yang terukur             encouraged and improvements are implemented through
dan disiplin. Melalui penyediaan wadah terstruktur bagi            measurable and disciplined processes. By providing a
karyawan untuk menyampaikan ide, inisiatif ini mendukung           structured avenue for employees to contribute ideas, the
komitmen organisasi yang lebih luas terhadap perbaikan             initiative supports the organization’s broader commitment
berkelanjutan.                                                     to continuous improvement.

Pengembangan Perangkat Lunak dan Sistem                            Software Development and Digital Systems
Digital
Pengembangan perangkat lunak internal terus berkembang             Internal software development continued to expand during
sepanjang tahun 2025, khususnya pada sistem yang                   2025, particularly in systems supporting quality monitoring
mendukung          pemantauan        kualitas   dan   pengawasan   and operational oversight. Enhancements to the Quality
operasional. Peningkatan pada platform Kontrol Mutu                Control platform improved the ability to record inspection
memungkinkan pencatatan hasil inspeksi yang lebih                  findings, track defects, and monitor project performance
sistematis, pelacakan cacat yang lebih terstruktur, serta          more systematically. Mobile-based reporting tools have
pemantauan kinerja proyek yang lebih akurat. Alat pelaporan        strengthened field inspection capabilities, while centralized
berbasis mobile juga telah memperkuat kapabilitas inspeksi         dashboards provide management teams with clearer
di lapangan, sementara dashboard terpusat memberikan               visibility into operational trends.
visibilitas yang lebih jelas kepada tim manajemen terhadap
tren operasional.


Infrastruktur digital untuk Keep Storage juga terus                Digital   infrastructure    supporting    Keep   Storage   also
dikembangkan seiring masuknya bisnis ke fase operasional.          continued to develop as the business moved into its
Peningkatan dilakukan pada aplikasi pelanggan, serta               operational phase. Improvements were made to customer-
sistem internal untuk tagihan, pemantauan okupansi, dan            facing web applications, while internal systems supporting
pelaporan operasional. Pengembangan ini mencerminkan               billing, occupancy monitoring, and operational reporting
upaya berkelanjutan perusahaan dalam memperkuat                    were further refined. These developments reflect a broader
sistem digital internal yang mendukung transparansi dan            effort to strengthen internal digital systems that support
skalabilitas jangka panjang.                                       operational transparency and long-term scalability.




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Arsip Dokumen – Perlindungan Aset Strategis                     Document Archive – Protecting Strategic
Perusahaan                                                      Corporate Assets
Perusahaan terus menjalankan fungsi krusial dalam               The Company continued to perform a critical function in
menjaga keamanan dokumentasi penting organisasi,                safeguarding the organization’s important documentation,
termasuk sertifikat tanah, izin pengembangan, perjanjian        including land certificates, development permits, legal
hukum, serta catatan korporasi lainnya. Selama tahun            agreements, and other corporate records. During 2025, the
2025, departemen terkait melanjutkan upaya untuk                department continued its efforts to catalogue and digitize
mengkatalogkan dan mendigitalisasi arsip fisik, sehingga        physical records, improving accessibility while maintaining
meningkatkan aksesibilitas dengan tetap mempertahankan          strict security and control mechanisms. These efforts ensure
mekanisme keamanan dan pengendalian yang ketat. Upaya           that critical documentation can be retrieved efficiently while
ini memastikan bahwa dokumentasi penting dapat diakses          preserving the integrity of sensitive corporate records.
kembali secara efisien, sekaligus menjaga integritas catatan
perusahaan yang bersifat sensitif.


Mengingat pentingnya aset lahan dan hak pengembangan            Given the strategic importance of land assets and
bagi perusahaan, pengelolaan dokumen yang disiplin              development rights within the organization, maintaining
tetap menjadi bagian fundamental dalam praktik tata             disciplined document governance remains a fundamental
kelola perusahaan. Perseroan juga mulai mengeksplorasi          component of operational and corporate governance
kemungkinan pemanfaatan teknologi analitik di masa              practices. The Company is also exploring the possibility
depan untuk membantu mengekstraksi insight dari                 of integrating future analytical tools that may assist in
repositori dokumen serta merangkum informasi kompleks           extracting insights from large document repositories and
bagi kebutuhan manajemen.                                       summarizing complex information sets for management
                                                                review.

Tata Kelola Kualitas dan Pemantauan KPI                         Quality Governance and KPI Monitoring
Tata kelola kualitas terus diperkuat melalui integrasi yang     Quality governance continued to strengthen through
lebih baik antara sistem pemantauan kualitas, mekanisme         improved integration between quality monitoring systems,
pelacakan KPI, dan kerangka pelaporan operasional.              KPI tracking mechanisms, and operational reporting
                                                                frameworks.


Dashboard pelaporan terpusat serta proses peninjauan            Centralized reporting dashboards and structured review
yang terstruktur meningkatkan visibilitas terhadap kinerja      processes   have     improved     visibility     into     operational
operasional di seluruh proyek. Hal ini memungkinkan             performance       across   projects.     These      systems      allow
manajemen untuk mengidentifikasi potensi isu lebih dini         management teams to identify potential issues earlier
dan mengambil tindakan korektif secara lebih cepat dan          and implement corrective measures in a more timely and
terukur.                                                        structured manner.


Melalui    pendekatan   pengukuran     dan    analisis   yang   Through disciplined measurement and analysis, the
disiplin, Perseroan terus menegaskan bahwa peningkatan          Company continues to reinforce the principle that sustainable
berkelanjutan hanya dapat dicapai melalui pemantauan            improvement is achieved through consistent monitoring and
yang konsisten dan akuntabilitas yang kuat.                     accountability.




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Information Technology – Mendukung                                    Information Technology – Supporting Secure
Operasional Digital yang Aman                                         Digital Operations
Teknologi informasi terus memainkan peran penting dalam               Information Technology continued to play a key role in
mendukung infrastruktur digital dan sistem operasional                supporting the organization’s digital infrastructure and
perusahaan. Sepanjang tahun 2025, dilakukan peningkatan               operational systems. During 2025, improvements were made
pada keandalan sistem, protokol keamanan siber, serta                 to system reliability, cybersecurity protocols, and internal
pengendalian akses internal guna memastikan keamanan                  access controls to ensure that corporate information remains
informasi perusahaan dan stabilitas sistem operasional.               protected and operational systems remain stable.


Tim TI juga mendukung pengembangan perangkat lunak                    The IT team also supported the development of internal
internal, sistem digital Keep Storage, serta evaluasi teknologi       software tools, digital systems for Keep Storage, and the
untuk     meningkatkan          pengelolaan   pengetahuan      dan    evaluation of technologies that may improve knowledge
efisiensi operasional. Seluruh upaya ini berkontribusi dalam          management and operational efficiency. These efforts
membangun lingkungan digital yang aman, andal, dan                    contribute to building a secure and scalable digital
scalable untuk mendukung pengembangan teknologi jangka                environment capable of supporting the organization’s long-
panjang perusahaan.                                                   term technological development.

Dukungan terhadap Inisiatif Data Center dan                           Supporting the Future Data Center and Cloud
Cloud                                                                 Services Initiative
Sebagai bagian dari strategi teknologi jangka panjang,                As part of the organization’s long-term technology strategy,
Perseroan mulai mengeksplorasi peluang pengembangan                   preliminary work has begun to explore opportunities related
infrastruktur digital, termasuk pusat data dan layanan cloud.         to digital infrastructure, including data center development
alam inisiatif ini, QCID berperan memastikan bahwa proses             and cloud service capabilities. Within this initiative, QCID
perencanaan dan pengembangan tetap selaras dengan                     plays an important role in ensuring that planning and
prinsip tata kelola, disiplin operasional, serta skalabilitas         development efforts remain aligned with governance
jangka panjang.                                                       standards, operational discipline, and long-term scalability
                                                                      considerations.


Tim     Teknologi      Informasi     bertanggung     jawab    untuk   The Information Technology team is responsible for
mengevaluasi         kebutuhan       infrastruktur   teknis   serta   evaluating   technical   infrastructure   requirements   and
mengidentifikasi kerangka arsitektur yang diperlukan                  identifying the architectural frameworks necessary to
guna mendukung penyampaian layanan digital yang                       support reliable digital service delivery. Collaboration with
andal. Kolaborasi dengan Algoritma sedang dijajaki untuk              Algoritma is being explored to support the integration
mendukung integrasi infrastruktur data dengan platform                of data infrastructure with data analytics platforms and
analitik data serta potensi layanan berbasis kecerdasan               potential AI-driven services.
buatan.


Para analis bisnis turut mendukung inisiatif ini dengan               Business analysts are also supporting the initiative by
melakukan kajian terhadap peluang pasar, mengevaluasi                 studying market opportunities, evaluating potential service
potensi model layanan, serta menilai kelayakan komersial              models, and assessing the commercial feasibility of cloud
dari penawaran infrastruktur cloud dan digital.                       and digital infrastructure offerings.




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Arah ke Depan                                                   Looking Forward
Ke depan, Perseroan akan terus memperkuat sistem                Looking ahead, the Company will continue strengthening
internal, meningkatkan tata kelola operasional, serta           internal systems, improving operational governance, and
mengembangkan kapabilitas digital yang mendukung                expanding digital capabilities that support productivity and
produktivitas   dan     kualitas   pengambilan   keputusan.     decision-making. Key priorities include further development
Prioritas utama meliputi pengembangan lanjutan sistem           of quality monitoring systems, continued support for the
pemantauan kualitas, dukungan terhadap pertumbuhan              operational growth of Keep Storage, and strengthening
operasional Keep Storage, serta penguatan tata kelola           documentation governance across the organization.
dokumentasi di seluruh organisasi.


Perseroan juga akan terus mendukung eksplorasi inisiatif        In addition, the Company will continue supporting the
pusat data dan layanan cloud dengan memastikan kesiapan         organization’s exploration of data center and cloud
kerangka tata kelola, standar operasional, serta implementasi   service initiatives by ensuring that governance structures,
yang terintegrasi dengan perencanaan teknologi dan bisnis.      operational standards, and implementation frameworks are
                                                                developed alongside technical and business planning efforts.

Kesimpulan                                                      Conclusion
Sepanjang tahun 2025, Perseroan berhasil memperkuat             Throughout 2025, the Company continued to strengthen
fondasi   operasional    perusahaan    melalui   penguatan      the organization’s operational foundations by maintaining
sistem, peningkatan tata kelola, serta dukungan terhadap        reliable systems, improving governance frameworks, and
berbagai inisiatif strategis lintas bisnis.Dengan menjaga       supporting strategic initiatives across multiple business
keseimbangan antara disiplin tata kelola dan inovasi, QCID      areas. By balancing disciplined governance with forward-
terus berperan sebagai fungsi pengendali sekaligus enabler      looking initiatives, QCID continues to serve as both a control
strategis bagi pertumbuhan jangka panjang perusahaan.           function and a strategic enabler for the organization’s long-
                                                                term development.




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Tata Kelola Perusahaan yang Baik
Good Corporate Governance




04
ANALISIS & PEMBAHASAN MANAJEMEN
MANAGEMENT DISCUSSION AND ANALYSIS




05
TATA KELOLA
PERUSAHAAN
CORPORATE
GOVERNANCE




06
TANGGUNG JAWAB SOSIAL PERUSAHAAN
CORPORATE SOCIAL RESPONSIBILITY




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                                                Tata Kelola Perusahaan yang Baik
                                                    Good Corporate Governance




                                         Fifty Seven Promenade, Jakarta

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Tata Kelola Perusahaan yang Baik
Good Corporate Governance




TATA KELOLA PERUSAHAAN
CORPORATE GOVERNANCE




                 Kami meyakini bahwa penerapan nilai-nilai Perusahaan akan membentuk
                 hubungan dan lingkungan kerja yang positif, profesional, transparan,
                 produktif, serta saling menghargai. Perseroan senantiasa mendorong
                 seluruh karyawan untuk mengimplementasikan nilai-nilai tersebut dalam
                 setiap aktivitas dan proses bisnis.

                 We believe that the implementation of the Company’s core values fosters a positive,
                 professional, transparent, productive, and mutually respectful working environment and
                 relationships. The Company consistently encourages all employees to uphold and apply
                 these values in every activity and business process.




Tata Kelola Perusahaan yang Baik (Good Corporate                     Good Corporate Governance (GCG) constitutes a system
Governance/GCG)            merupakan     sistem   yang   mengatur    that regulates the relationships among shareholders,
hubungan antara pemegang saham, manajemen, karyawan,                 management, employees, and other stakeholders, serving
dan pemangku kepentingan lainnya sebagai fondasi                     as the foundation for accountable corporate management.
pengelolaan         perusahaan     yang    akuntabel.    Perseroan   The Company recognizes that the implementation of GCG
memahami bahwa penerapan GCG menjadi pedoman                         provides essential guidance in creating sustainable value for
dalam menciptakan nilai tambah yang berkelanjutan bagi               stakeholders.
para pemangku kepentingan.


Perseroan        berkomitmen       untuk   mengimplementasikan       The Company is committed to consistently implementing
prinsip-prinsip GCG secara konsisten pada seluruh kebijakan          GCG principles across all policies and operational activities.
dan kegiatan operasional. Setiap organ Perusahaan                    Each of corporate organs is required to uphold and apply
diwajibkan untuk menerapkan nilai-nilai Perusahaan dalam             the Company’s values in every activity and business process,
setiap aktivitas dan proses bisnis, baik secara langsung             whether directly or indirectly.
maupun tidak langsung.


Pedoman Tata Kelola Perusahaan mengatur mekanisme                    The   Corporate    Governance     Guidelines   regulate   the
pengelolaan dan pengawasan usaha, termasuk penetapan                 mechanisms for managing and supervising the Company’s
tugas, wewenang, dan tanggung jawab setiap organ                     operations, including the delineation of duties, authorities,
perusahaan, khususnya Pemegang Saham, Dewan Komisaris,               and responsibilities of each corporate organ, particularly the
dan Direksi.                                                         Shareholders, the Board of Commissioners, and the Board of
                                                                     Directors.


Perseroan juga berpandangan bahwa prinsip-prinsip GCG                The Company also acknowledges that GCG principles
terus berkembang, terutama dalam aspek pengawasan dan                continue to evolve, particularly in the areas of oversight and
pengendalian, sejalan dengan dinamika dan pertumbuhan                control, in line with business dynamics and industry growth.
dunia usaha.




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                                                                                                             Tata Kelola Perusahaan yang Baik
                                                                                                                 Good Corporate Governance




Komitmen pada Tata Kelola Perusahaan                                Commitment to Corporate Governance
Penerapan GCG berlandaskan pada prinsip transparansi,               The implementation of GCG is founded on the principles of
akuntabilitas, tanggung jawab, kemandirian, dan kesetaraan.         transparency, accountability, responsibility, independence,
Perseroan berkomitmen untuk mengintegrasikan prinsip-               and fairness. The Company is committed to integrating
prinsip   tersebut      dalam   seluruh    aspek   operasional.     these principles into all aspects of its operations. Throughout
Sepanjang tahun 2025, Perseroan secara rutin dan berkala            2025, the Company regularly conducted GCG dissemination
melaksanakan sosialisasi GCG kepada karyawan guna                   and awareness programs for employees to strengthen
memperkuat pemahaman dan konsistensi penerapannya.                  understanding and ensure consistent implementation.


Konsistensi Perseroan dalam penerapan GCG memiliki                  The consistent implementation of GCG in the Company has
beberapa tujuan terpenting, di antaranya:                           several key objectives, including:
1. Mengoptimalkan nilai-nilai Perusahaan;                           1. Optimize the value of the Company;
2. Mendorong pengelolaan Perusahaan yang bertanggung                2. Encourage      responsible,       transparent,       accountable
   jawab, transparan, akuntabel, pemberian informasi                   management of the Company, provide equal information
   yang setara kepada seluruh Pemangku Kepentingan dan                 to all Stakeholders and Shareholders, as well as foster the
   Pemegang Saham, serta menumbuhkan kemandirian                       independence of the Company;
   Perusahaan;
3. Memberikan kepastian dan melindungi kepentingan                  3. Provide    certainty   and    protect      the     interests       of
   Pemangku Kepentingan sesuai dengan ketentuan di                     Stakeholders following the provisions in the regulations
   dalam peraturan dan Anggaran Dasar Perseroan;                       and the Company’s Articles of Association;
4. Menumbuhkan           kesadaran    Perusahaan         terhadap   4. Increase the Company’s awareness of its responsibilities
   tanggung jawab kepada pemegang saham, pemangku                      to shareholders, stakeholders, and the surrounding
   kepentingan, serta lingkungan sekitar, baik terhadap                environment, both towards the social community and
   sosial masyarakat maupun lingkungan alam;                           the natural environment;
5. Meningkatkan         kepercayaan       masyarakat      kepada    5. Increase public trust in the Company.
   Perusahaan.

Penilaian Penerapan Tata Kelola Perusahaan                          Assessment of GCG Implementation
Perseroan menetapkan prinsip-prinsip GCG sebagai acuan              The Company adopts GCG principles as a reference in
dalam perumusan kebijakan dan penetapan tujuan strategis            formulating policies and setting strategic objectives. The
organisasi. Pedoman GCG tidak hanya bertujuan untuk                 GCG Guidelines are intended not only to ensure compliance
memastikan kepatuhan terhadap peraturan dan ketentuan               with applicable laws and regulations, but also to reflect the
perundang-undangan yang berlaku, tetapi juga sebagai                Company’s commitment to enhancing sustainable long-
wujud komitmen dalam meningkatkan kinerja jangka                    term performance.
panjang secara berkelanjutan.


Di tahun 2025, Perseroan menerapkan GCG secara sistematis           In 2025, the Company systematically implemented GCG and
dan memperoleh kemajuan melalui pelaksanaan evaluasi                made progress through qualitative evaluation. The Board
secara    kualitatif.   Dewan   Komisaris,    Direksi,    beserta   of Commissioners, Board of Directors, along with the Audit
Komite Audit dan Komite Nominasi dan Remunerasi telah               Committee and Nomination and Remuneration Committee
melaksanakan penilaian mandiri. Hasil dari penilaian mandiri        have conducted a self-assessment. The results of the self-
tersebut menegaskan bahwa masing-masing organ GCG                   assessment confirmed that each GCG organ understands
memahami tugas, tanggung jawab, dan kewenangannya                   its duties, responsibilities and authorities well, and has
dengan baik, serta telah mematuhi ketentuan yang diatur             complied with the provisions stipulated in each charter as
pada masing-masing piagam serta peraturan perundang-                well as the prevailing laws and regulations.
undangan yang berlaku.




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Good Corporate Governance




Sosialisasi dan Pembaruan GCG                                                Dissemination and Updates of GCG
Intiland melaksanakan program internalisasi GCG secara                       Intiland    implemented       GCG     internalization     program
berkesinambungan di tahun 2025. Program internalisasi                        continuously in 2025. These programs included a number of
tersebut mencakup sejumlah aktivitas kegiatan, seperti                       activities, such as the Development Program for the Board
program pengembangan untuk Dewan Komisaris, Direksi,                         of Commissioners, Board of Directors, and Committees,
maupun Komite-Komite, dengan fokus pembahasan terkait                        with a focus on discussions related to the regulations of
peraturan Otoritas Jasa Keuangan, Pasar Modal, dan aturan-                   the Financial Services Authority, Capital Market, rules
aturan terkait aspek kepatuhan Perusahaan. Perseroan                         related to the Company's compliance aspects. The Company
juga melaksanakan diseminasi untuk memperkenalkan                            also conducted dissemination to introduce and enhance
dan      meningkatkan              pemahaman      mengenai     Laporan       the understanding of the Sustainability Report across all
Keberlanjutan kepada seluruh divisi dan proyek. Perseroan                    divisions and projects. Additionally, the Company regularly
secara rutin menerbitkan e-buletin GCG Series sebagai upaya                  publishes the GCG Series e-bulletin as an effort to improve
meningkatkan pemahaman karyawan terhadap praktik GCG.                        employee understanding of GCG practices.


Berikut ini merupakan daftar kegiatan sosialisasi GCG yang                   The following is a list of GCG dissemination activities that
telah dilaksanakan Perseroan:                                                have been carried out by the Company:


            Tanggal                              Media/Kegiatan                                             Tema
             Date                                 Media/Event                                              Theme
 19 Februari 2025                   GCG Series e-Bulletin                      Apa itu Sensor Otomatis Pada Lampu?
 February 19, 2025                                                             What is an Automatic Sensor on a Light?
 12 Maret 2025                      GCG Series e-Bulletin                      Kesalahan Umum dalam Pelaporan WBS dan Cara Menghindarinya
 March 12, 2025                                                                Common Mistakes in WBS Reporting and How to Avoid Them
 24 Juni 2025                       Program Pengembangan & Forum Diskusi Update Perkembangan ESG: Regulasi, Praktik Terbaik, Laporan
 June 24, 2025                      Development Program & Discussion Forum Keberlanjutan, dan Posisi Intiland
                                                                           ESG Update: Regulations, Best Practices, Sustainability Reporting,
                                                                           and Intiland's Position
 19 November 2025                   GCG Series e-Bulletin                      Kenali Sertifikasi Bangunan Hijau di Indonesia
 November 19, 2025                                                             Get to Know Green Building Certification in Indonesia
 27 November 2025                   Forum Diskusi                              Sosialisasi Permen PKP No. 4 Tahun 2025
 November 27, 2025                  Discussion Forum                           Dissemination of PKP Regulation No. 4 of 2025


Pelaksanaan sesi pelatihan maupun distribusi informasi                       The implementation of these training sessions and
bertujuan untuk membantu karyawan memahami serta                             information distribution aims to assist employees in
mampu mengimplementasikan GCG dalam setiap aktivitas                         understanding and implementing GCG in every work
pekerjaan dan interaksi internal atau dengan pemangku                        activity, as well as in internal interactions or engagements
kepentingan lainnya.                                                         with stakeholders.

Struktur Tata Kelola Perusahaan                                              Corporate Governance Structure
Struktur tata kelola di Intiland merujuk pada Undang-                        Intiland’s governance structure refers to Law No. 40/2007
Undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas                        on Limited Liability Companies (UUPT), which consists
(UUPT) yang terdiri dari organ penting Perusahaan, yaitu                     of the Company’s organs namely the General Meeting of
Rapat Umum Pemegang Saham (RUPS), Dewan Komisaris,                           Shareholders (GMS), the Board of Commissioners and the
dan Direksi. Ketiga organ penting ini menjalankan tugas                      Board of Directors. These three important organs carry
dan fungsinya dengan dibantu oleh elemen Tata Kelola                         out their roles and responsibilities with the assistance of
Perusahaan yang lainnya, seperti Sekretaris Perusahaan dan                   other elements of good corporate governance such as the
Komite-Komite di bawah Dewan Komisaris dan Direksi.                          Corporate Secretary and Committees under the Board of
                                                                             Commissioners and Directors.




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                                                Rapat Umum Pemegang Saham
                                               General Meetings of Shareholders




                                                       Dewan Komisaris
                                                    Board of Commissioners


   Komite Nominasi & Remunerasi
    Nomination & Remuneration
            Committee




          Komite Audit
         Audit Committee

                                                           Direksi                                   Sekretaris Perusahaan
                                                      Board of Directors                              Corporate Secretary




            Audit Internal                                                                          Komite Manajemen Risiko
            Internal Audit                                                                        Risk Management Committee




RAPAT UMUM PEMEGANG SAHAM (“RUPS”)
GENERAL MEETING OF SHAREHOLDERS (”GMS”)

Perseroan     menyelenggarakan    RUPS    mengacu     pada        The Company holds the General Meeting of Shareholders
Anggaran Dasar, Undang-Undang No. 40 Tahun 2017 tentang           (GMS) in accordance with the Articles of Association, Law
Perseroan Terbatas, Peraturan Otoritas Jasa Keuangan (OJK)        No. 40/2017 on Limited Liability Companies, the Financial
No. 15/POJK.04/2020 tentang Rencana dan Penyelenggaraan           Service Authority (OJK) Regulation No. 15/POJK.04/2020
Rapat Umum Pemegang Saham Perusahaan Terbuka, dan                 on Planning and Implementation of the General Meeting
Peraturan OJK No. 16/POJK.04/2020 tentang Pelaksanaan             of Shareholders of Public Companies, and OJK Regulation
Rapat Umum Pemegang Saham Perusahaan Terbuka secara               No. 16/POJK.04/2020 on Electronic Implementation of the
Elektronik. RUPS memiliki kewenangan tertinggi dalam              General Meeting of Shareholders of Public Companies. The
struktur Tata Kelola Perusahaan sekaligus sebagai wadah           GMS retains the highest authority in the structure of Good
penyampaian pendapat, penggunaan wewenang dan                     Corporate Governance as well as a forum for expressing
haknya terhadap pengelolaan Perusahaan.                           opinions, exercising its authority and rights vis-à-vis the
                                                                  Company’s Management.

Penyelenggaraan RUPS Tahun 2025                                   GMS Implementation in 2025
Intiland menyelenggarakan RUPS Tahunan untuk periode              Intiland held Annual GMS for Financial Year 2024 on Thursday,
Tahun Buku 2024 pada Rabu, 28 Mei 2025 di Intiland Tower,         May 28, 2025 at Intiland Tower, Jakarta. The Annual GMS
Jakarta. Kegiatan RUPS Tahunan ini dihadiri oleh pemegang         was attended by the Shareholders or their Proxies with valid
saham yang sah berjumlah 7.043.340.216 saham atau                 voting rights representing 7,043,340,216 shares or equivalent
mewakili 67,95% dari 10.365.854.185 saham, yang merupakan         to 67.95% of the total of 10,365,854,185 shares issued by the
seluruh saham yang telah dikeluarkan Perseroan sampai             Company up to the date of the Annual GMS.
dengan tanggal diselenggarakannya RUPS Tahunan.




  Annual Report 2025 Laporan Tahunan                                                        PT Intiland Development Tbk          207
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Kehadiran Dewan Komisaris dan Direksi                       Attendance of the Board of Commissioners
                                                            and the Board of Directors
Seluruh anggota Dewan Komisaris dan Direksi hadir pada      All members of the Board of Commissioners and the
RUPS Tahunan, tanpa memperhitungkan Bapak Hendro            Directors were present at the Annual GMS, excluding Mr.
S Gondokusumo selaku Presiden Direktur Perseroan yang       Hendro S. Gondokusumo, the Company's President Director,
wafat pada 13 Maret 2025. Catatan kehadiran RUPS Tahunan    who passed away on March 13, 2025. The attendance record
sebagai berikut:                                            for the Annual GMS is as follows:


 Dewan Komisaris
 The Board of Commissioners
 Komisaris Utama                                                    :   Sinarto Dharmawan
 President Commissioner
 Wakil Komisaris Utama dan Komisaris Independen                     :   Dr. Sofyan A. Djalil, SH, MA
 Vice President Commissioner and Independent Commissioner

 Komisaris Independen                                               :   Thio Gwan Po Micky
 Independent Commissioner
 Komisaris Independen                                               :   Friso Palilingan
 Independent Commissioner
 Komisaris                                                          :   Jahja Asikin
 Commissioner
 Komisaris                                                          :   Ping Handayani Hanli
 Commissioner


 Direksi
 The Directors
 Wakil Direktur Utama                                               :   Utama Gondokusumo
 Vice President Director
 Wakil Direktur Utama                                               :   Suhendro Prabowo
 Vice President Director                                                (online melalui eASY.KSEI)
                                                                        (Online via eASY.KSEI)
 Direktur                                                           :   Archied Noto Pradono
 Director
 Direktur                                                           :   Perry Yoranouw
 Director
 Direktur                                                           :   Permadi Indra Yoga
 Director
 Direktur                                                           :   Novita Anggriani B
 Director



Keputusan dan Tindak Lanjut RUPS Tahunan                    Annual GMS Resolution and Follow-Ups
Berikut adalah agenda dan hasil keputusan RUPS Tahunan      The following is the agenda and the resolutions of the 2025
2025 serta pelaksanaan atas hasil keputusan RUPS:           Annual GMS and the implementations of the resolutions:




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Mata Acara I RUPS              Persetujuan Laporan Tahunan dan pengesahan Laporan Keuangan Perseroan untuk tahun buku
First Agenda of AGMS           yang berakhir pada tanggal 31 Desember 2024, termasuk laporan pelaksanaan pengawasan Dewan
                               Komisaris selama tahun buku 2024.
                               Approval of the Annual Report and Financial Statement for the year ended December 31, 2024, included
                               the implementation of the supervision report of the Board of Commissioners for the year ended 2024.

Pertanyaan / Pendapat          Tidak ada pertanyaan dan pendapat
Question / Opinion             No questions nor opinions from shareholders

Hasil Perhitungan Suara        Setuju                             Tidak Setuju                        Abstain*
Voting Result                  Agree                              Disagree
                               100%                               0%                                  0%

                               *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                               saham yang mengeluarkan suara.
                               According to the Company’s Articles of Association, abstentions are considered the same as the
                               majority of shareholders who cast votes.

Keputusan RUPS                 Menyetujui dan mengesahkan Laporan Tahunan dan Laporan Keuangan Perseroan untuk tahun
GMS Resolution                 buku yang berakhir pada tanggal 31 Desember 2024 termasuk laporan pelaksanaan pengawasan
                               Dewan Komisaris selama tahun 2024 sesuai dengan Anggaran Dasar Perseroan serta memberikan
                               pembebasan tanggung-jawab sepenuhnya (acquit et de charge) kepada Dewan Komisaris dan Direksi
                               Perseroan atas tindakan pengawasan dan pengurusan yang mereka lakukan dalam tahun buku yang
                               berakhir pada tanggal 31 Desember 2024.
                               Approved the Annual Report and Financial Statement for the year ended December 31, 2024 including
                               the implementation of the supervision report of the Board of Commissioners for the financial year
                               2024 in accordance with the Company’s Articles of Association, and full discharge of responsibility to
                               the Board of Commissioners and the Board of Directors for their supervision and management actions
                               for the year ended December 31, 2024.

Pelaksanaan                    Langsung berlaku – sudah terlaksana
Implementation                 Effective immediately – fulfilled.



Mata Acara II RUPS             Memberikan wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik
Second Agenda of AGMS          Independen yang terdaftar di Otoritas Jasa Keuangan, untuk melaksanakan audit pembukuan
                               Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2025 dan menetapkan
                               honorarium serta persyaratan lain penunjukannya.
                               Authorizing the Board of Commissioners to appoint an Independent Public Accountant which
                               registered at Financial Services Authority, to audit the accounts of the Company for the year ended
                               December 31, 2025, and determine the fee there of and other requirements for such appointment.

Pertanyaan / Pendapat          Tidak ada pertanyaan dan pendapat
Question / Opinion             No questions nor opinions from shareholders

Hasil Perhitungan Suara        Setuju                             Tidak Setuju                        Abstain*
Voting Result                  Agree                              Disagree
                               99,656%                            0,343%                              0%

                               *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                               saham yang mengeluarkan suara.
                               According to the Company’s Articles of Association, abstentions are considered the same as the
                               majority of shareholders who cast votes.

Keputusan RUPS                 Memberikan wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik
GMS Resolution                 Independen yang terdaftar di Otoritas Jasa Keuangan, untuk melaksanakan audit pembukuan
                               Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2025 dan menetapkan
                               honorarium serta persyaratan lain penunjukannya.
                               Authorizing the Board of Commissioners to appoint an Independent Public Accountant which
                               registered at Otoritas Jasa Keuangan, to audit the accounts of the Company for the year ended
                               December 31, 2025, and authorizing the Board of Commissioners to approve the fee there of and other
                               requirements for such appointment.




Annual Report 2025 Laporan Tahunan                                                              PT Intiland Development Tbk           209
Page 210
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   Pelaksanaan                       Telah Direalisasikan.
   Implementation                    Perseroan telah melakukan penunjukan Kantor Akuntan Publik dan Akuntan Publik untuk melakukan
                                     audit atas informasi keuangan tahunan PT Intiland Development Tbk per 31 Desember 2025.
                                     Penunjukan ini telah dilaporkan kepada OJK melalui surat nomor 139/Intiland/CS/DIR/NA/IX/2025
                                     tertanggal 24 September 2025 melalui sarana sistem pelaporan elektronik resmi OJK dan BEI yaitu
                                     www.idxnet.co.id
                                     Fulfilled.
                                     The Company has appointed a Public Accounting Firm and Public Accountant to audit the annual
                                     financial information of PT Intiland Development Tbk as of December 31, 2025. This appointment has
                                     been reported to the OJK through letter number 139/Intiland/CS/DIR/NA/IX/2025 dated September
                                     24, 2025, via the official electronic reporting system of OJK and the IDX, namely www.idxnet.co.id



   Mata Acara III RUPS               Penetapan penggunaan laba bersih Perseroan untuk tahun buku yang berakhir 31 Desember 2024.
   Third Agenda of AGMS              Approval of the use of the net profit of the Company for the year ended December 31, 2024.

   Pertanyaan / Pendapat             Tidak ada pertanyaan dan pendapat
   Question / Opinion                No questions nor opinions from shareholders

   Hasil Perhitungan Suara           Setuju                              Tidak Setuju                        Abstain*
   Voting Result                     Agree                               Disagree
                                     100%                                0%                                  0%

                                     *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                                     saham yang mengeluarkan suara.
                                     According to the Company’s Articles of Association, abstentions are considered the same as the
                                     majority of shareholders who cast votes.

   Keputusan RUPS                    Menetapkan penggunaan laba bersih Perseroan dengan perincian sebagai berikut:
   GMS Resolution                    1. Sebesar Rp.2.000.000.000,- (dua miliar Rupiah) sebagai dana cadangan wajib Perseroan.
                                     2. Sisa Laba bersih Perseroan yaitu sebesar Rp.172.766.158.653,- (seratus tujuh puluh dua miliar tujuh
                                        ratus enam puluh enam juta seratus lima puluh delapan ribu enam ratus lima puluh tiga Rupiah)
                                        akan dicatat sebagai Saldo Laba.
                                     Determining the use of the Company’s net profit with the following details:
                                     1. An amount of Rp.2,000,000,000.- (two billion Rupiah) as the Company’s mandatory reserved fund.
                                     2. The remaining net profit of the Company, amounting to Rp.172,766,158,653,- (one hundred seventy
                                        two billion seven hundred sixty six million one hundred fifty eight thousand six hundred fifty three
                                        Rupiah) will be recorded as Retained Earnings.

   Pelaksanaan                       Sudah terlaksana.
   Implementation                    Fulfilled.



   Mata Acara IV RUPS                Persetujuan perubahan susunan Direksi dan Dewan Komisaris Perseroan.
   Forth Agenda of AGMS              Approval of changes to the composition of the Board of Directors and Board of Commissioners of the
                                     Company.

   Pertanyaan / Pendapat             Tidak ada pertanyaan dan pendapat
   Question / Opinion                No questions nor opinions from shareholders

   Hasil Perhitungan Suara           Setuju                              Tidak Setuju                        Abstain*
   Voting Result                     Agree                               Disagree
                                     99,178%                             1,821%                              0%

                                     *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                                     saham yang mengeluarkan suara.
                                     According to the Company’s Articles of Association, abstentions are considered the same as the
                                     majority of shareholders who cast votes.




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Keputusan RUPS                 1. Memberikan pelunasan dan pembebasan dari tanggung jawab (acquit et de charge) atas tindakan
GMS Resolution                    pengurusan dan tindakan pengawasan yang telah dilakukan oleh anggota Direksi dan Dewan
                                  Komisaris Perseroan selama menjabat, sepanjang tindakan-tindakan tersebut tercermin dalam
                                  pembukuan/catatan Perseroan.
                               2. Menyetujui pengangkatan anggota Direksi dan Dewan Komisaris Perseroan yang baru untuk masa
                                  jabatan selama 5 (lima) tahun terhitung sejak ditutupnya Rapat sampai dengan habisnya periode
                                  jabatan anggota Direksi dan Dewan Komisaris Perseroan pada penutupan Rapat Umum Pemegang
                                  Saham Tahunan Perseroan yang akan diadakan tahun 2030, sehingga susunan anggota Direksi dan
                                  Dewan Komisaris Perseroan yang baru adalah sebagai berikut:

                                     Dewan Komisaris
                                     Komisaris Utama dan Komisaris Independen       :   Dr. Sofyan A. Djalil, SH. MA
                                     Wakil Komisaris Utama                          :   Sinarto Dharmawan
                                     Komisaris Independen                           :   Friso Palilingan
                                     Komisaris Independen                           :   Alexander S. Rusli

                                     Direksi
                                     Direktur Utama                                :    Archied Noto Pradono
                                     Wakil Direktur Utama                          :    Utama Gondokusumo
                                     Direktur                                      :    Novita Anggriani B.
                                     Direktur                                      :    Simon Joseph Wirawan

                               1. Granted full release and discharge (acquit et de charge) to the members of the Board of Directors
                                  and the Board of Commissioners of the Company for the management and their supervision
                                  actions such their actions are reflected in the Company’s books/records.
                               2. Approved the appointment of the new members of the Board of Directors and the Board of
                                  Commissioners of the Company for a term of 5 (five) years, effective from the closing of this AGMS
                                  until the end of the term at the closing of the AGMS of the Company to be held in 2030, thus the
                                  composition of Board of Directors and Board of Commissioners are as follows:

                                     Board of Commissioners
                                     President Commissioner and      Independent :      Dr. Sofyan A. Djalil, SH. MA
                                     Commissioner
                                     Vice President Commissioner                    :   Sinarto Dharmawan
                                     Independent Commissioner                       :   Friso Palilingan
                                     Independent Commissioner                       :   Alexander S. Rusli

                                     Board of Director
                                     President Director                            :    Archied Noto Pradono
                                     Vice President Director                       :    Utama Gondokusumo
                                     Director                                      :    Novita Anggriani B.
                                     Director                                      :    Simon Joseph Wirawan


Pelaksanaan                    Sudah terlaksana.
Implementation                 Fulfilled.



Mata Acara V RUPS              Penetapan remunerasi Dewan Komisaris dan pendelegasian wewenang kepada Dewan Komisaris
Fifth Agenda of AGMS           untuk menetapkan remunerasi Anggota Direksi Perseroan untuk tahun buku yang berakhir 31
                               Desember 2025.
                               Approval of the remuneration of the Board of Commissioners, and delegation of the authority to
                               approve the remuneration of the Board of Directors, to the Board of Commissioners for the year ended
                               December 31, 2025.

Pertanyaan / Pendapat          Tidak ada pertanyaan dan pendapat
Question / Opinion             No questions nor opinions from shareholders

Hasil Perhitungan Suara        Setuju                             Tidak Setuju                        Abstain*
Voting Result                  Agree                              Disagree
                               99,788%                            0,211%                              0%

                               *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                               saham yang mengeluarkan suara.
                               According to the Company’s Articles of Association, abstentions are considered the same as the
                               majority of shareholders who cast votes.




Annual Report 2025 Laporan Tahunan                                                              PT Intiland Development Tbk            211
Page 212
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   Keputusan RUPS                    Menetapkan remunerasi Dewan Komisaris untuk tahun buku yang berakhir pada tanggal 31 Desember
   GMS Resolution                    2025 yaitu sebesar-besarnya Rp.12.000.000.000,- (dua belas miliar Rupiah) yang pembagiannya akan
                                     diatur dalam Rapat Dewan Komisaris dan pendelegasian wewenang kepada Dewan Komisaris untuk
                                     menetapkan remunerasi Direksi untuk tahun buku yang berakhir tanggal 31 Desember 2025.
                                     Resolved the remuneration of the Board of Commissioners for the year ended December 31, 2025
                                     maximum of Rp.12,000,000,000 (twelve billion Rupiah) which distribution would be decided in the
                                     meeting of the Board of Commissioners, and delegation of the authority to the Board of Commissioners
                                     to approve the remuneration of the Board of Directors for the year ended December 31, 2025.

   Pelaksanaan                       Sudah terlaksana.
   Implementation                    Fulfilled.



   Mata Acara VI RUPS                Persetujuan mengenai hal-hal lain yang berhubungan dengan agenda RUPS Tahunan, yaitu:
   Sixth Agenda of AGMS              a. Memberikan kuasa kepada Direksi untuk menuangkan setiap keputusan dalam RUPS Tahunan
                                        ini ke dalam akta pernyataan keputusan rapat, menyampaikannya kepada pejabat berwenang,
                                        membuat laporan, memberikan keterangan dan melakukan tindakan hukum lainnya yang
                                        diperlukan berkenaan dengan isi setiap keputusan RUPS Tahunan dimaksud guna memenuhi
                                        ketentuan hukum yang berlaku, tanpa kecuali; dan
                                     b. Menetapkan bahwa semua keputusan yang ditetapkan dan disetujui dalam RUPS Tahunan ini
                                        berlaku terhitung sejak ditutupnya RUPS Tahunan ini.
                                     Approval of other matters related to the agenda of the AGMS, e.g.:
                                     a. Authorizing the Board of Directors to incorporate any decision made in this AGMS into a deed of
                                        minutes of meeting resolution, submission to the authorities, makes reports, providing information
                                        and performs necessary legal actions with regard to the content of any decision of the AGMS in
                                        order to comply with applicable laws, without exception; and
                                     b. Stipulating that all decisions made and approved in this AGMS shall take effect from the closing
                                        of this AGMS.

   Pertanyaan / Pendapat             Tidak ada pertanyaan dan pendapat
   Question / Opinion                No questions nor opinions from shareholders

   Hasil Perhitungan Suara           Setuju                              Tidak Setuju                        Abstain*
   Voting Result                     Agree                               Disagree
                                     99,445%                             0,554%                              0%

                                     *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                                     saham yang mengeluarkan suara.
                                     According to the Company’s Articles of Association, abstentions are considered the same as the
                                     majority of shareholders who cast votes.

   Keputusan RUPS                    a. Memberikan kuasa kepada Direksi Perseroan untuk menuangkan setiap keputusan dalam RUPST
   GMS Resolution                       ke dalam akta pernyataan keputusan rapat, menyampaikannya kepada pejabat berwenang,
                                        membuat laporan, memberikan keterangan dan melakukan tindakan hukum lainnya yang
                                        diperlukan berkenaan dengan isi setiap keputusan RUPST dimaksud guna memenuhi ketentuan
                                        hukum yang berlaku, tanpa kecuali; dan
                                     b. Menetapkan bahwa semua keputusan yang ditetapkan dan disetujui dalam RUPST berlaku
                                        terhitung sejak ditutupnya RUPST.
                                     a. Authorizing the Board of Directors of the Company to formalize each decision made in this AGMS
                                        into a deed of meeting resolutions, submit it to the relevant authorities, make reports, provide
                                        explanations, and take other necessary legal actions related to the contents of each decision of this
                                        AGMS to comply with applicable laws and regulations, without exception; and
                                     b. Stipulating that all decisions made and approved in this AGMS shall be effective from the closing
                                        of this AGMS.

   Pelaksanaan                       Sudah terlaksana.
   Implementation                    Fulfilled.




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Penyelenggaraan RUPS di Tahun 2024                          GMS Implementation in 2024
Intiland menyelenggarakan RUPS Tahunan untuk periode        Intiland held Annual GMS for Financial Year 2023 on Thursday,
Tahun Buku 2023 pada Kamis, 30 Mei 2024 di Intiland         May 30, 2024 at Intiland Tower, Jakarta. The Annual GMS
Tower, Jakarta. Kegiatan RUPS Tahunan ini dihadiri oleh     was attended by the Shareholders or their Proxies with valid
para pemegang saham yang sah berjumlah 7.573.488.138        voting rights representing 7,573,488,138 shares or equivalent
saham atau sebesar 73,06% dari 10.365.854.185 saham, yang   to 73,06% of the total of 10,365,854,185 shares issued by the
merupakan seluruh saham yang telah dikeluarkan Perseroan    Company up to the date of the Annual GMS.
sampai dengan tanggal diselenggarakannya RUPS Tahunan.

Kehadiran Dewan Komisaris dan Direksi                       Attendance of the Board of Commissioners
                                                            and the Board of Directors
Jumlah anggota Dewan Komisaris dan Direksi yang hadir       The number of the Board of Commissioners and the Directors
pada RUPS Tahunan adalah sebanyak 100 persen, dengan        present at the Annual GMS was 100 percent respectively
catatan kehadiran sebagai berikut:                          with the following attendance record:


 Dewan Komisaris
 The Board of Commissioners
 Komisaris Utama                                                    :   Sinarto Dharmawan
 President Commissioner
 Wakil Komisaris Utama dan Komisaris Independen                     :   Dr. Sofyan A. Djalil, SH, MA
 Vice President Commissioner and Independent Commissioner

 Komisaris Independen                                               :   Thio Gwan Po Micky
 Independent Commissioner
 Komisaris Independen                                               :   Friso Palilingan
 Independent Commissioner
 Komisaris                                                          :   Jahja Asikin
 Commissioner


 Direksi
 The Directors
 Direktur Utama                                                     :   Hendro Santoso Gondokusumo
 President Director
 Wakil Direktur Utama                                               :   Suhendro Prabowo
 Vice President Director
 Wakil Direktur Utama                                               :   Utama Gondokusumo
 Vice President Director
 Wakil Direktur Utama                                               :   Moedjianto Soesilo Tjahjono
 Vice President Director
 Direktur                                                           :   Ping Handayani Hanli
 Director
 Direktur                                                           :   Archied Noto Pradono
 Director
 Direktur                                                           :   Perry Yoranouw
 Director
 Direktur                                                           :   Permadi Indra Yoga
 Director



Keputusan dan Tindak Lanjut RUPS Tahunan                    Annual GMS Resolution and Follow-Ups
Berikut adalah agenda dan hasil keputusan RUPS Tahunan      The following is the agenda and the resolutions of the 2024
2024 serta pelaksanaan atas hasil keputusan RUPS:           Annual GMS and the implementations of the resolutions:




  Annual Report 2025 Laporan Tahunan                                                       PT Intiland Development Tbk           213
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   Mata Acara I RUPS                 Persetujuan Laporan Tahunan dan pengesahan Laporan Keuangan Perseroan untuk tahun buku
   First Agenda of AGMS              yang berakhir pada tanggal 31 Desember 2023, termasuk laporan pelaksanaan pengawasan Dewan
                                     Komisaris selama tahun buku 2023.
                                     Approval of the Annual Report and Financial Statement for the year ended December 31, 2023, included
                                     the implementation of the supervision report of the Board of Commissioners for the year ended 2023.

   Pertanyaan / Pendapat             Tidak ada pertanyaan dan pendapat
   Question / Opinion                No questions nor opinions from shareholders

   Hasil Perhitungan Suara           Setuju                             Tidak Setuju                        Abstain*
   Voting Result                     Agree                              Disagree
                                     99,976%                            0,024%                              0%

                                     *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                                     saham yang mengeluarkan suara.
                                     According to the Company’s Articles of Association, abstentions are considered the same as the
                                     majority of shareholders who cast votes.

   Keputusan RUPS                    Menyetujui Laporan Tahunan dan pengesahan Laporan Keuangan Perseroan untuk tahun buku
   GMS Resolution                    yang berakhir pada tanggal 31 Desember 2023 termasuk laporan pelaksanaan pengawasan
                                     Dewan Komisaris selama tahun 2023 sesuai dengan Anggaran Dasar Perseroan serta memberikan
                                     pembebasan tanggung-jawab sepenuhnya kepada Dewan Komisaris dan Direksi Perseroan atas
                                     tindakan pengawasan dan pengurusan yang mereka lakukan dalam tahun buku yang berakhir pada
                                     tanggal 31 Desember 2023.
                                     Approved the Annual Report and Financial Statement for the year ended December 31, 2023 including
                                     the implementation of the supervision report of the Board of Commissioners for the financial year
                                     2023 in accordance with the Company’s Articles of Association, and full discharge of responsibility to
                                     the Board of Commissioners and the Board of Directors for their supervision and management actions
                                     for the year ended December 31, 2023.

   Pelaksanaan                       Langsung berlaku – sudah terlaksana.
   Implementation                    Effective immediately – fulfilled.



   Mata Acara II RUPS                Memberikan wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik
   Second Agenda of AGMS             Independen yang terdaftar di Otoritas Jasa Keuangan, untuk melaksanakan audit pembukuan
                                     Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024 dan menetapkan
                                     honorarium serta persyaratan lain penunjukannya.
                                     Authorizing the Board of Commissioners to appoint an Independent Public Accountant which
                                     registered at Financial Services Authority, to audit the accounts of the Company for the year ended
                                     December 31, 2024, and determine the fee there of and other requirements for such appointment.

   Pertanyaan / Pendapat             Tidak ada pertanyaan dan pendapat
   Question / Opinion                No questions nor opinions from shareholders

   Hasil Perhitungan Suara           Setuju                             Tidak Setuju                        Abstain*
   Voting Result                     Agree                              Disagree
                                     99,943%                            0,056%                              0%

                                     *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                                     saham yang mengeluarkan suara.
                                     According to the Company’s Articles of Association, abstentions are considered the same as the
                                     majority of shareholders who cast votes.

   Keputusan RUPS                    Memberikan wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik
   GMS Resolution                    Independen yang terdaftar di Otoritas Jasa Keuangan, untuk melaksanakan audit pembukuan
                                     Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024 dan menetapkan
                                     honorarium serta persyaratan lain penunjukannya.
                                     Authorizing the Board of Commissioners to appoint an Independent Public Accountant which
                                     registered at Otoritas Jasa Keuangan, to audit the accounts of the Company for the year ended
                                     December 31, 2024, and authorizing the Board of Commissioners to approve the fee there of and other
                                     requirements for such appointment.




214        PT Intiland Development Tbk                                                              Laporan Tahunan 2025 Annual Report
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Pelaksanaan                    Telah Direalisasikan.
Implementation                 Perseroan telah melakukan penunjukan Kantor Akuntan Publik dan Akuntan Publik untuk melakukan
                               audit atas informasi keuangan tahunan PT Intiland Development Tbk per 31 Desember 2024.
                               Penunjukan ini telah dilaporkan kepada OJK melalui surat nomor 148/Intiland/CS/DIR/NA/IX/2024
                               tertanggal 30 September 2024 melalui sarana sistem pelaporan elektronik resmi OJK dan BEI yaitu
                               www.idxnet.co.id
                               Fulfilled.
                               The Company has appointed a Public Accounting Firm and Public Accountant to audit the annual
                               financial information of PT Intiland Development Tbk as of December 31, 2024. This appointment has
                               been reported to the OJK through letter number 148/Intiland/CS/DIR/NA/IX/2024 dated September
                               30, 2024, via the official electronic reporting system of OJK and the IDX, namely www.idxnet.co.id



Mata Acara III RUPS            Penetapan penggunaan laba bersih Perseroan untuk tahun buku yang berakhir 31 Desember 2023.
Third Agenda of AGMS           Approval of the use of the net profit of the Company for the year ended December 31, 2023.

Pertanyaan / Pendapat          Tidak ada pertanyaan dan pendapat
Question / Opinion             No questions nor opinions from shareholders

Hasil Perhitungan Suara        Setuju                            Tidak Setuju                      Abstain*
Voting Result                  Agree                             Disagree
                               99,976%                           0,024%                            0%

                               *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                               saham yang mengeluarkan suara.
                               According to the Company’s Articles of Association, abstentions are considered the same as the
                               majority of shareholders who cast votes.

Keputusan RUPS                 Menetapkan penggunaan laba bersih Perseroan dengan perincian sebagai berikut:
GMS Resolution                 1. Sebesar Rp.2.000.000.000,- (dua miliar Rupiah) sebagai dana cadangan wajib Perseroan.
                               2. Sisa Laba bersih Perseroan yaitu sebesar Rp.172.108.406.452,- (seratus tujuh puluh dua miliar
                                  seratus delapan juta empat ratus enam ribu empat ratus lima puluh dua Rupiah) akan dicatat
                                  sebagai Saldo Laba.
                               Determining the use of the Company’s net profit with the following details:
                               1. An amount of Rp.2,000,000,000.- (two billion Rupiah) as the Company’s mandatory reserved fund.
                               2. The remaining net profit of the Company, amounting to Rp.172,108,406,452,- (one hundred seventy
                                  two billion one hundred eight million four hundred six thousand four hundred fifty two Rupiah)
                                  will be recorded as Retained Earnings.

Pelaksanaan                    Sudah terlaksana.
Implementation                 Fulfilled.



Mata Acara IV RUPS             Persetujuan perubahan susunan Direksi dan Dewan Komisaris Perseroan.
Forth Agenda of AGMS           Approval of changes to the composition of the Board of Directors and Board of Commissioners of the
                               Company.

Pertanyaan / Pendapat          Tidak ada pertanyaan dan pendapat
Question / Opinion             No questions nor opinions from shareholders

Hasil Perhitungan Suara        Setuju                            Tidak Setuju                      Abstain*
Voting Result                  Agree                             Disagree
                               99,975%                           0,024%                            0%

                               *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                               saham yang mengeluarkan suara.
                               According to the Company’s Articles of Association, abstentions are considered the same as the
                               majority of shareholders who cast votes.




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   Keputusan RUPS                    Menerima pengunduran diri Bapak Moedjianto Soesilo Tjahjono dari jabatannya selaku Wakil Direktur
   GMS Resolution                    Utama Perseroan dan Ibu Ping Handayani Hanli dari jabatannya selaku Direktur Perseroan dengan
                                     memberikan pembebasan dan pelunasan sepenuhnya (acquit et de charge) serta pengangkatan
                                     Ibu Ping Handayani Hanli sebagai Komisaris Perseroan dan Ibu Novita Anggriani B sebagai Direktur
                                     Perseroan terhitung sejak ditutupnya Rapat sampai dengan habisnya periode jabatan anggota Dewan
                                     Komisaris dan anggota Direksi Perseroan sebelumnya.

                                     Dengan pengangkatan Ibu Ping Handayani Hanli dan Ibu Novita Anggriani B, maka susunan Direksi
                                     dan Dewan Komisaris Perseroan yang baru adalah sebagai berikut:

                                         Dewan Komisaris
                                         Komisaris Utama                                    :   Bapak Sinarto Dharmawan
                                         Wakil Komisaris Utama dan Komisaris Independen     :   Bapak Dr. Sofyan A. Djalil, SH. MA
                                         Komisaris Independen                               :   Bapak Thio Gwan Po Micky
                                         Komisaris Independen                               :   Bapak Friso Palilingan
                                         Komisaris                                          :   Bapak Jahja Asikin
                                         Komisaris                                          :   Ibu Ping Handayani Hanli

                                         Direksi
                                         Direktur Utama                                     :   Bapak Hendro Santoso Gondokusumo
                                         Wakil Direktur Utama                               :   Bapak Suhendro Prabowo
                                         Wakil Direktur Utama                               :   Bapak Utama Gondokusumo
                                         Direktur                                           :   Bapak Archied Noto Pradono
                                         Direktur                                           :   Bapak Perry Yoranouw
                                         Direktur                                           :   Bapak Permadi Indra Yoga
                                         Direktur                                           :   Ibu Novita Anggriani B

                                     Accepting the resignation of Mr. Moedjianto Soesilo Tjahjono from his position as Vice President
                                     Director and Mrs. Ping Handayani Hanli from her position as Director of the Company by granting full
                                     release and repayment (acquit et de charge) and the appointment of Mrs. Ping Handayani Hanli as a
                                     Commissioner and Mrs. Novita Anggriani B as a Director, effective from the close of the Meeting until
                                     the expiration of the Board of Commissioner and Board of Directors tenure.

                                     With the appointment of Mrs. Ping Handayani Hanli and Mrs. Novita Anggriani B, thus the composition
                                     of Board of Directors and Board of Commissioners are as follows:

                                         Board of Commissioners
                                         President Commissioner                             :   Bapak Sinarto Dharmawan
                                         Vice President Commissioner and Independent        :   Bapak Dr. Sofyan A. Djalil, SH. MA
                                         Commissioner
                                         Independent Commissioner                           :   Bapak Thio Gwan Po Micky
                                         Independent Commissioner                           :   Bapak Friso Palilingan
                                         Commissioner                                       :   Bapak Jahja Asikin
                                         Commissioner                                       :   Ibu Ping Handayani Hanli

                                         Board of Directors
                                         President Director                                 :   Bapak Hendro Santoso Gondokusumo
                                         Vice President Director                            :   Bapak Suhendro Prabowo
                                         Vice President Director                            :   Bapak Utama Gondokusumo
                                         Director                                           :   Bapak Archied Noto Pradono
                                         Director                                           :   Bapak Perry Yoranouw
                                         Director                                           :   Bapak Permadi Indra Yoga
                                         Director                                           :   Ibu Novita Anggriani B


   Pelaksanaan                       Sudah terlaksana.
   Implementation                    Fulfilled.




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Mata Acara V RUPS              Penetapan remunerasi Dewan Komisaris dan pendelegasian wewenang kepada Dewan Komisaris
Fifth Agenda of AGMS           untuk menetapkan remunerasi Anggota Direksi Perseroan untuk tahun buku yang berakhir 31
                               Desember 2024.
                               Approval of the remuneration of the Board of Commissioners, and delegation of the authority to
                               approve the remuneration of the Board of Directors, to the Board of Commissioners for the year ended
                               December 31, 2024.

Pertanyaan / Pendapat          1 pemegang saham atau kuasa pemegang saham, namun tidak dibahas karena
Question / Opinion             pertanyaan disampaikan terkait dengan agenda keempat RUPST.
                               1 Shareholder or proxy of the shareholder, was not discussed because the
                               question raised related to the fourth agenda of the AGMS.

Hasil Perhitungan Suara        Setuju                             Tidak Setuju                        Abstain*
Voting Result                  Agree                              Disagree
                               99,975%                            0,024%                              0%

                               *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                               saham yang mengeluarkan suara.
                               According to the Company’s Articles of Association, abstentions are considered the same as the
                               majority of shareholders who cast votes.

Keputusan RUPS                 Menetapkan remunerasi Dewan Komisaris untuk tahun buku yang berakhir pada tanggal 31 Desember
GMS Resolution                 2024 yaitu sebesar-besarnya Rp.12.000.000.000,- (dua belas miliar Rupiah) yang pembagiannya akan
                               diatur dalam Rapat Dewan Komisaris dan pendelegasian wewenang kepada Dewan Komisaris untuk
                               menetapkan remunerasi Direksi untuk tahun buku yang berakhir tanggal 31 Desember 2024.
                               Resolved the remuneration of the Board of Commissioners for the year ended December 31, 2024
                               maximum of Rp.12,000,000,000 (twelve billion Rupiah) which distribution would be decided in the
                               meeting of the Board of Commissioners, and delegation of the authority to The Board of Commissioners
                               to approve the remuneration of The Board of Directors for the year ended December 31, 2024.

Pelaksanaan                    Sudah terlaksana.
Implementation                 Fulfilled.



Mata Acara VI RUPS             Laporan Realisasi Penggunaan Dana Hasil Penawaran Umum untuk tahun buku yang berakhir 31
Sixth Agenda of AGMS           Desember 2023.
                               Report on the realization of the use of proceeds from the Public Offering for the financial year ended
                               December 31, 2023.

Pertanyaan / Pendapat          Tidak ada pertanyaan dan pendapat
Question / Opinion             No questions nor opinions from shareholders

Keputusan RUPS                 Agenda Keenam RUPST bersifat penyampaian laporan realisasi penggunaan dana hasil penawaran
GMS Resolution                 umum untuk tahun buku yang berakhir 31 Desember 2023, sehingga tidak dilakukan pemungutan
                               suara serta pengambilan keputusan untuk Agenda Keenam RUPST.
                               The sixth agenda of AGMS involves presentation of the realization of the use of proceeds from the
                               Public Offering for the financial year ended December 31, 2023 thus no voting or decision-making
                               carried out for the sixth agenda of AGMS.

Pelaksanaan                    Sudah terlaksana.
Implementation                 Fulfilled.



Mata Acara VII RUPS            Persetujuan mengenai hal-hal lain yang berhubungan dengan agenda RUPS Tahunan, yaitu:
Seventh Agenda of AGMS         a. Memberikan kuasa kepada Direksi untuk menuangkan setiap keputusan dalam RUPS Tahunan
                                  ini ke dalam akta pernyataan keputusan rapat, menyampaikannya kepada pejabat berwenang,
                                  membuat laporan, memberikan keterangan dan melakukan tindakan hukum lainnya yang
                                  diperlukan berkenaan dengan isi setiap keputusan RUPS Tahunan dimaksud guna memenuhi
                                  ketentuan hukum yang berlaku, tanpa kecuali; dan
                               b. Menetapkan bahwa semua keputusan yang ditetapkan dan disetujui dalam RUPS Tahunan ini
                                  berlaku terhitung sejak ditutupnya RUPS Tahunan ini.
                               Approval of other matters related to the agenda of the AGMS, e.g.:
                               a. Authorizing the Board of Directors to incorporate any decision made in this AGMS into a deed of
                                  minutes of meeting resolution, submission to the authorities, makes reports, providing information
                                  and performs necessary legal actions with regard to the content of any decision of the AGMS in
                                  order to comply with applicable laws, without exception; and
                               b. Stipulating that all decisions made and approved in this AGMS shall take effect from the closing
                                  of this AGMS.

Pertanyaan / Pendapat          Tidak ada pertanyaan dan pendapat
Question / Opinion             No questions nor opinions from shareholders


Annual Report 2025 Laporan Tahunan                                                              PT Intiland Development Tbk           217
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   Hasil Perhitungan Suara           Setuju                              Tidak Setuju                        Abstain*
   Voting Result                     Agree                               Disagree
                                     99,942%                             0,057%                              0%

                                     *Sesuai dengan Anggaran Dasar Perseroan, suara abstain dianggap sama dengan mayoritas pemegang
                                     saham yang mengeluarkan suara.
                                     According to the Company’s Articles of Association, abstentions are considered the same as the
                                     majority of shareholders who cast votes.

   Keputusan RUPS                    a. Memberikan kuasa kepada Direksi Perseroan untuk menuangkan setiap keputusan dalam RUPST
   GMS Resolution                       ke dalam akta pernyataan keputusan rapat, menyampaikannya kepada pejabat berwenang,
                                        membuat laporan, memberikan keterangan dan melakukan tindakan hukum lainnya yang
                                        diperlukan berkenaan dengan isi setiap keputusan RUPST dimaksud guna memenuhi ketentuan
                                        hukum yang berlaku, tanpa kecuali dan
                                     b. Menetapkan bahwa semua keputusan yang ditetapkan dan disetujui dalam RUPST berlaku
                                        terhitung sejak ditutupnya RUPST.
                                     a. Authorizing the Board of Directors of the Company to formalize each decision made in this AGMS
                                        into a deed of meeting resolutions, submit it to the relevant authorities, make reports, provide
                                        explanations, and take other necessary legal actions related to the contents of each decision of this
                                        AGMS to comply with applicable laws and regulations, without exception, and
                                     b. Stipulating that all decisions made and approved in this AGMS shall be effective from the closing
                                        of this AGMS.

   Pelaksanaan                       Sudah terlaksana.
   Implementation                    Fulfilled.




DIREKSI
DIRECTORS

Direksi merupakan organ Perseroan yang bertanggung                       The Board of Directors is the corporate organ responsible
jawab atas pengurusan dan pengelolaan Perusahaan guna                    for managing and administering the Company in order to
mencapai maksud dan tujuan sesuai dengan ketentuan                       achieve its purposes and objectives in accordance with the
dalam Anggaran Dasar.                                                    Articles of Association.


Dalam menjalankan tugasnya, Direksi bertindak secara                     In carrying out its duties, the Board of Directors acts
kolektif dengan pembagian tugas dan wewenang yang                        collectively, with a clear delineation of roles and authorities
jelas pada masing-masing anggota. Setiap anggota Direksi                 among its members. Each Director is authorized to make
berwenang mengambil keputusan strategis sesuai lingkup                   strategic decisions within his or her respective scope of
tanggung jawabnya, namun tetap merupakan satu kesatuan                   responsibility; however, the Board remains a unified body
yang bertanggung jawab secara bersama.                                   bearing collective responsibility.


Pelaksanaan tugas, tanggung jawab, dan kewenangan                        In performing its duties, responsibilities, and authorities,
Direksi berpedoman pada Piagam Direksi, Anggaran Dasar,                  the Board of Directors is guided by the Board of Directors
keputusan Rapat Umum Pemegang Saham (RUPS), serta                        Charter, the Articles of Association, resolutions of the
peraturan perundang-undangan yang berlaku.                               General Meeting of Shareholders (GMS), and the prevailing
                                                                         laws and regulations.

Komposisi Direksi                                                        Composition of the Directors
Komposisi Direksi Perseroan telah sesuai dengan ketentuan                The composition of the Directors of the Company complies
POJK No. 33/POJK.04/2014 mengenai Direksi dan Dewan                      with the provisions of POJK No. 33/POJK.04/2014 on the
Komisaris Emiten atau Perusahaan Publik.                                 Board of Directors and Board of Commissioners of Issuers or
                                                                         Public Companies.




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Berdasarkan hasil keputusan RUPS Tahunan Perseroan yang         Based on the resolutions of the AGMS held on May 28, 2025,
diselenggarakan pada 28 Mei 2025, terdapat perubahan            there has been a changes in the composition of the Directors.
komposisi Direksi. Hingga 31 Desember 2025 susunan Direksi      The composition of the Board of Directors as of December 31,
adalah sebagai berikut:                                         2025, is as follows:


 Direktur Utama                                                Archied Noto Pradono
 President Director

 Wakil Direktur Utama                                          Utama Gondokusumo
 Vice President Director

 Direktur                                                      Novita Anggriani B
 Director

 Direktur                                                      Simon Joseph Wirawan
 Director



Pemenuhan Persyaratan Keanggotaan Direksi                       Fulfillment of Requirements for Directors
Seluruh anggota Direksi Intiland telah memenuhi persyaratan     Seluruh anggota Direksi Intiland telah memenuhi persyaratan
yang sesuai dengan Peraturan Pasar Modal, Anggaran Dasar        yang sesuai dengan Peraturan Pasar Modal, Anggaran Dasar
Intiland, dan Piagam Direksi. Ketentuan keanggotaan Direksi     Intiland, dan Piagam Direksi. Ketentuan keanggotaan Direksi
diatur dalam Piagam Direksi yang dapat diakses pada situs       diatur dalam Piagam Direksi yang dapat diakses pada situs
web Perseroan www.intiland.com                                  web Perseroan www.intiland.com

Piagam Direksi                                                  The Directors Charter
Piagam      Direksi    Perseroan   mengatur     persyaratan     The Company’s Directors Charter outlines membership
keanggotaan, mekanisme hubungan kerja antara Direksi            requirements,       the   working   relationship      mechanisms
dengan Dewan Komisaris, Pemegang Saham, dan pemangku            between the Directors and the Board of Commissioners,
kepentingan, serta menjabarkan tugas, tanggung jawab,           Shareholders, and other stakeholders, as well as the duties,
dan pembagian peran masing-masing anggota Direksi.              responsibilities, and division of roles among each member of
                                                                the Directors.


Piagam Direksi secara berkala dievaluasi dan diperbarui agar    The Directors Charter is periodically evaluated and refined to
selaras dengan kebutuhan Perseroan serta memastikan             better suit the needs of the Company and in accordance with
kepatuhannya terhadap peraturan perundang-undangan              the prevailing laws and regulations.
yang berlaku. Piagam Direksi Perseroan mengatur antara          The Director’s Charter of the Company regulates the
lain mengenai:                                                  following:
1. Persyaratan keanggotaan;                                     1. Requirements of membership;
2. Pengunduran diri dan pemberhentian sementara;                2. Resignation and temporary dismissal;
3. Rangkap jabatan;                                             3. Concurrent positions;
4. Tugas, wewenang, dan tanggung jawab;                         4. Duties, authorities, and responsibilities;
5. Pembagian tugas                                              5. Division of duties;
6. Kebijakan rapat                                              6. Meeting policies;
7. Hubungan kerja;                                              7. The working relationship;
8. Transparansi, kerahasiaan informasi, dan insider trading;    8. Transparency, confidentiality of information, and insider
                                                                    trading;
9. Kepatuhan dan masa berlaku.                                  9. Compliance and validity period.




  Annual Report 2025 Laporan Tahunan                                                         PT Intiland Development Tbk          219
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Keberagaman Komposisi Anggota Direksi                        Diversity of the Composition of the Board of
                                                             Directors
Sejalan dengan penerapan Tata Kelola Perusahaan yang         In line with the implementation of Good Corporate
Baik, Perseroan memastikan bahwa komposisi Direksi           Governance, the Company ensures that the composition of
mencerminkan keberagaman latar belakang, pendidikan,         the Directors reflects diversity in background, education,
kewarganegaraan, gender, pengalaman, dan profesionalisme     nationality, gender, experience, and professionalism, aligned
yang sesuai dengan kebutuhan Perusahaan. Informasi lebih     with the Company’s needs. Further information regarding
lanjut mengenai keberagaman Direksi disajikan pada Bab       the diversity of the Directors is presented in the Directors
Profil Direksi dalam Laporan Tahunan ini.                    Profile section of this Annual Report.

Masa Jabatan                                                 Tenure
Masa jabatan Direksi Intiland berlangsung selama lima        The term of office for the Directors is five years. The
tahun. Penunjukan anggota Direksi dinyatakan sah sejak       appointment of members of the Directors is effective from
tanggal RUPS yang menetapkannya dan berakhir pada            the date of the GMS which determines and ends at the
RUPS Tahunan kelima setelah tanggal pengangkatan, tanpa      fifth AGMS since the date of appointment, without limiting
mengurangi hak RUPS untuk memberhentikan anggota             the right of the GMS to dismiss members of the Directors
Direksi disertai penjelasan alasan penghentiannya serta      by explaining the reasons for their dismissal and providing
pemberian kesempatan yang adil bagi anggota Direksi untuk    a fair opportunity for members of the Directors to provide
menyampaikan penjelasan dan pembelaan.                       explanations and defenses.


Anggota Direksi yang periode jabatannya akan berakhir,       Members of the Directors whose term of office will end, may
dapat diajukan dan diangkat kembali pada periode             be renominated and reappointed in the following period. In
berikutnya. Dalam mekanisme penunjukannya, seluruh           the process of appointment, all candidates for the Directors
calon anggota Direksi diusulkan melalui RUPS berdasarkan     are proposed at the GMS based on nominations from the
nominasi dari Komite Nominasi dan Remunerasi (KNR).          Nomination and Remuneration Committee.


Periode jabatan Direksi Perseroan saat ini akan berakhir     The current term of office of the Company's Directors will be
pada tahun 2030.                                             ended in 2030.

Tugas dan Tanggung Jawab Direksi                             Duties and Responsibilities of Directors
Direksi memiliki tugas dan tanggung jawab utama              The Directors has the main duties and responsibilities
menjalankan operasional Perusahaan, termasuk mewakili        in carrying out the Company’s operations including
Perusahaan baik di dalam maupun di luar pengadilan, sesuai   representing the Company both inside and outside the
dengan ketentuan yang tercantum dalam Anggaran Dasar         court in accordance with the provisions in the Company’s
Perseroan. Tugas dan tanggung jawab Direksi tahun 2025       Articles of Association. The duties and responsibilities of the
secara mendetail tertuang dalam Piagam Direksi yang dapat    Directors in 2025 are detailed in the Directors Charter which
diakses melalui situs web Intiland.                          is available on the Intiland website.

Pembagian Tugas Direksi                                      Division of Duties of the Directors
Seluruh anggota Direksi Intiland memiliki kesetaraan         The standing and position of each member of the Directors
tingkatan dalam posisi dan kedudukannya. Namun untuk         is the same level. However, the division of tasks for each
menjamin pelaksanaan dan kesinambungan tercapainya           member of the Directors has been regulated to ensure the
tujuan dan terlaksananya rencana-rencana Perusahaan          implementation and continuity of achieving the goals and
secara sistematis, efisien, dan efektif, maka sudah diatur   future plans of the Company in a systematically, efficient,
tugas dari masing-masing anggota Direksi                     and effective manner.


Berikut merupakan penjabaran dari pembagian tugas            The following is the division of duties for each member of
masing-masing anggota Direksi:                               the Directors:




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                 Nama                                            Ruang Lingkup Tugas dan Tanggung Jawab
                 Name                                               Scope of Duties and Responsibilities

Archied Noto Pradono                     Bertanggung jawab penuh atas kepemimpinan strategis dan operasional perusahaan
Direktur Utama dan Kepala Eksekutif      secara menyeluruh, termasuk memastikan pencapaian visi, misi, dan tujuan jangka panjang
President Director and Chief Executive   perusahaan. Dalam menjalankan perannya, Direktur Utama mengawasi dan memastikan
Officer                                  efektivitas tata kelola dan pengendalian internal yang baik; memimpin koordinasi fungsi
                                         komunikasi korporat, hubungan dengan pemangku kepentingan, serta pelaksanaan
                                         program tanggung jawab sosial yang berdampak positif; mengelola strategi investasi yang
                                         berkelanjutan dan bernilai tambah bagi perusahaan; serta memastikan kepatuhan hukum,
                                         mitigasi risiko legal, dan penyelesaian sengketa secara strategis.

                                         Direktur Utama juga memimpin pengembangan dan peningkatan daya saing produk,
                                         memperluas pangsa pasar, serta mendukung pertumbuhan pendapatan perusahaan,
                                         sekaligus menjaga hubungan baik dengan regulator, investor, dan seluruh pemangku
                                         kepentingan lainnya.

                                         Full responsibility for the Company’s overall strategic and operational leadership, including
                                         ensuring the achievement of the Company’s vision, mission, and long-term objectives.
                                         In carrying out this role, the President Director oversees and ensures the effectiveness
                                         of good governance and internal control systems; leads the coordination of corporate
                                         communications functions, stakeholder relations, and the implementation of corporate
                                         social responsibility programs with positive impact; manages sustainable and value-adding
                                         investment strategies; and ensures legal compliance, mitigation of legal risks, and the
                                         strategic resolution of disputes.

                                         The President Director also leads the development and enhancement of product
                                         competitiveness, expands market share, and supports the Company’s revenue growth, while
                                         maintaining strong relationships with regulators, investors, and all other stakeholders.

Utama Gondokusumo                        Wakil Direktur Utama berperan sebagai pendamping dan penguat kepemimpinan strategis
Wakil Direktur Utama                     Direktur Utama, serta bertanggung jawab untuk mengawal pelaksanaan kebijakan dan
Vice President Director                  operasional di sejumlah fungsi kunci perusahaan.

                                         Dalam lingkup tugasnya, Wakil Direktur Utama memastikan perencanaan kebutuhan proyek
                                         dan pengadaan dilakukan secara efisien, transparan, dan tepat waktu untuk mendukung
                                         kelancaran operasional; menjajaki peluang usaha baru, pengembangan portofolio bisnis,
                                         serta ekspansi pasar yang sejalan dengan strategi pertumbuhan perusahaan; menjaga
                                         optimalisasi pemanfaatan aset, memastikan legalitas dan perizinan proyek berjalan sesuai
                                         ketentuan, serta mendukung nilai ekonomi perusahaan melalui manajemen aset yang
                                         strategis; serta mengelola strategi dalam membangun positioning merek, meningkatkan
                                         penjualan, dan mendorong loyalitas pelanggan.

                                         The Vice President Director serves as a key partner in strengthening the President Director’s
                                         strategic leadership and is responsible for overseeing the implementation of policies and
                                         operations across several key functions of the Company.

                                         Within the scope of this role, the Vice President Director ensures that project planning and
                                         procurement are carried out efficiently, transparently, and in a timely manner to support
                                         smooth operations; explores new business opportunities, portfolio development, and market
                                         expansion in line with the Company’s growth strategy; ensures the optimal utilization of
                                         assets, compliance with legal and permitting requirements for projects, and supports the
                                         Company’s economic value through strategic asset management; and manages strategies
                                         to build brand positioning, enhance sales, and foster customer loyalty.




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                       Nama                                      Ruang Lingkup Tugas dan Tanggung Jawab
                       Name                                         Scope of Duties and Responsibilities

   Novita Anggriani B                    Direktur Keuangan bertanggung jawab untuk memastikan pengelolaan keuangan
   Direktur Keuangan                     perusahaan berjalan secara efektif, efisien, dan sesuai dengan prinsip tata kelola yang baik
   Chief Financial Officer               guna mendukung keberlanjutan dan pertumbuhan bisnis perusahaan.

                                         Dalam perannya, Direktur Keuangan menjamin akurasi laporan keuangan, pengendalian
                                         biaya, dan kepatuhan terhadap standar akuntansi; mengelola kewajiban perpajakan agar
                                         dipenuhi secara tepat waktu, efisien, dan minim risiko; serta mengatur arus kas, likuiditas,
                                         pembiayaan, serta manajemen risiko keuangan.

                                         Direktur Keuangan juga bertanggung jawab untuk memastikan kebijakan dan strategi
                                         pengelolaan SDM mendukung produktivitas, pengembangan kompetensi, serta
                                         menciptakan budaya kerja yang sehat dan berdaya saing. Dengan peran lintas fungsi ini,
                                         Direktur Keuangan tidak hanya menjaga stabilitas finansial, tetapi juga memperkuat
                                         fondasi sumber daya manusia dalam mencapai tujuan strategis perusahaan.

                                         The Finance Director is responsible for ensuring that the Company’s financial management
                                         is carried out effectively, efficiently, and in accordance with good governance principles to
                                         support business sustainability and growth.

                                         In this role, the Finance Director ensures the accuracy of financial reporting, cost control,
                                         and compliance with accounting standards; manages tax obligations to be fulfilled in a
                                         timely, efficient, and low-risk manner; and oversees cash flow, liquidity, financing, as well
                                         as financial risk management.

                                         The Finance Director is also responsible for ensuring that human resource management
                                         policies and strategies support productivity, competency development, and the creation
                                         of a healthy and competitive work culture. Through this cross-functional role, the Finance
                                         Director not only maintains financial stability but also strengthens the Company’s human
                                         capital foundation in achieving its strategic objectives.

   Simon Joseph Wirawan                  Bertanggung jawab untuk mengelola strategi digitalisasi dan sistem teknologi informasi
   Direktur                              guna meningkatkan efisiensi operasional dan daya saing perusahaan.
   Director
                                         Memimpin pengembangan dan penerapan Teknologi Informasi & Kecerdasan Buatan untuk
                                         mendukung otomatisasi proses bisnis, seperti pemasaran properti, manajemen tenants,
                                         dan layanan purnajual berbasis data; memastikan kualitas layanan dan pelaksanaan proyek
                                         tetap konsisten dan terstandarisasi; mengelola Teknologi Informasi dan Komunikasi agar
                                         sistem komunikasi, jaringan, dan infrastruktur teknologi informasi berjalan andal dan
                                         aman; serta memastikan pengelolaan pusat data mendukung kebutuhan penyimpanan,
                                         pemrosesan, dan keamanan data perusahaan secara optimal.

                                         Mendorong adopsi teknologi lintas divisi serta memastikan kesiapan digital perusahaan
                                         dalam menghadapi tantangan industri properti yang terus berkembang.

                                         Responsible for managing the Company’s digitalization strategy and information technology
                                         systems to enhance operational efficiency and competitiveness.

                                         Leads the development and implementation of Information Technology (IT) and Artificial
                                         Intelligence solutions to support the automation of business processes, including property
                                         marketing, tenant management, and data-driven after-sales services; ensures service
                                         quality and project execution remain consistent and standardized; manages Information
                                         and Communication Technology to ensure that communication systems, networks, and IT
                                         infrastructure operate reliably and securely; and ensures that data center management
                                         supports the Company’s data storage, processing, and security needs optimally.

                                         Drives the adoption of technology across divisions and ensures the Company’s digital
                                         readiness in addressing the evolving challenges of the property industry.




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Program Pengembangan dan Pelatihan                            Directors’s Development and Training
Direksi                                                       Programs
Perumusan program pengembangan dan pelatihan bagi             The development and training programs for the Board of
Dewan Komisaris, Direksi, Komite Audit, serta Komite          Commissioners, the Board of Directors, the Audit Committee,
Nominasi dan Remunerasi tahun 2025 disusun oleh Sekretaris    and the Nomination and Remuneration Committee for
Perusahaan. Program ini bertujuan untuk memberikan            2025 were formulated by the Corporate Secretary. These
pembaruan informasi dan masukan terkait perkembangan          programs aim to provide updates and insights on the
regulasi terkini yang memerlukan perhatian manajemen,         latest regulatory developments requiring management’s
khususnya peraturan yang relevan secara langsung dengan       attention, particularly regulations that are directly relevant
kegiatan usaha Perseroan.                                     to the Company’s business activities.


Informasi pelatihan yang diikuti oleh Direksi pada tahun      Information about the training attended by the Board of
2025 telah dicantumkan dalam bab Profil Perusahaan pada       Directors in 2025 has been presented in the Company Profile
Laporan Tahunan ini.                                          section of this Annual Report.

Independensi Direksi                                          Independency of the Directors
Dalam menjalankan fungsi pengelolaan dan operasional          In carrying out the management and operational functions
Perseroan, Direksi bertindak secara independen tanpa          of the Company, the Directors acts independently, free from
intervensi dari pihak mana pun, serta berpedoman pada         interference by any party, and in accordance with the Articles
Anggaran Dasar dan peraturan perundang-undangan yang          of Association and prevailing capital market regulations.
berlaku di bidang Pasar Modal. Independensi tersebut          Such independence reflects the absence of personal interests
tercermin dari tidak adanya kepentingan pribadi maupun        or conflicts of interest that could impair objectivity in the
benturan    kepentingan     yang   dapat   mempengaruhi       performance of duties. The Directors consistently provides
objektivitas dalam pelaksanaan tugas. Direksi senantiasa      comprehensive views and analyses in every decision-making
menyampaikan pandangan dan analisis yang komprehensif         process to serve the best interests of the Company.
dalam setiap pengambilan keputusan demi kepentingan
terbaik Perseroan.

Frekuensi dan Tingkat Kehadiran Rapat                         Frequency and Attendance Rates of the Board
Direksi                                                       of Directors
Kebijakan mengenai prosedur pelaksanaan rapat Direksi         The policy for the implementation of the Directors meeting
telah diatur pada Piagam Direksi. Direksi menetapkan jadwal   is regulated in the Directors Charter. The Directors determine
rapat untuk jangka waktu satu tahun mendatang pada akhir      the meeting schedule for next year period at the end of the
tahun sebelumnya. Rapat Direksi diselenggarakan minimal       previous year. The Directors hold at least one meeting every
satu kali setiap bulannya, namun apabila diperlukan dapat     month but can be held more often if deemed necessary by
lebih sering diselenggarakan. Rapat Direksi dikategorikan     the Directors. Meetings of the Directors fulfill a quorum if
memenuhi ketentuan kuorum apabila dihadiri oleh 50+1          attended by 50+1 percent of the Directors members.
persen anggota Direksi.


Di tahun 2025, Direksi menyelenggarakan rapat berkala         In 2025, the Directors held meetings periodically to discuss
membahas strategi Perusahaan dalam menjalankan bisnis.        the Company’s strategy in running the business. The
Direksi telah menyelenggarakan sebanyak 34 rapat di tahun     Directors held 34 meetings in 2025. Below is a recapitulation
2025. Berikut adalah hasil rekapitulasi daftar kehadiran      of meeting attendance:
rapat:




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                                   Nama                                  Jumlah Rapat                 Jumlah Kehadiran                  Presentase
                                   Name                                  Total Meeting                 Total Attendance                 Percentage
 Hendro S. Gondokusumo*                                                         7                               7                          100%
 Suhendro Prabowo**                                                             13                             13                          100%
 Utama Gondokusumo                                                             34                              34                          100%
 Archied Noto Pradono                                                          34                              34                          100%
 Perry Yoranouw**                                                               13                             13                          100%
 Permadi Indra Yoga**                                                           13                             13                          100%
 Novita Anggriani B                                                            34                              34                          100%
 Simon Joseph Wirawan***                                                        21                             21                          100%

*) Bapak Hendro S. Gondokusumo mengikuti Rapat Direksi hingga 13 Maret 2025 sehingga jumlah rapat yang dicatat adalah sebelum beliau meninggal dunia.
Mr. Hendro S. Gondokusumo attended the Directors Meeting until March 13, 2025, the total number of meetings attended was before he deceased.
**) Bapak Suhendro Prabowo, Bapak Perry Yoranouw dan Bapak Permadi Indra Yoga mengikuti Rapat Direksi hingga 28 Mei 2025 sehingga jumlah rapat yang dicatat
adalah pada saat beliau masih menjadi anggota Direksi Perseroan.
Mr. Suhendro Prabowo, Mr. Perry Yoranouw and Mr. Permadi Indra Yoga attended the Directors Meeting until May 28, 2025, the recorded total number of meetings
attended is when they were still members of the Company's Directors.
***) Bapak Simon Joseph Wirawan mulai mengikuti Rapat Direksi sejak 28 Mei 2025, sehingga jumlah rapat yang dicatat adalah sejak beliau menjadi Direktur
Perseroan.
Mr. Simon Joseph Wirawan began attending the Directors Meeting since May 28, 2025, the recorded total number of meetings attended is since he became a
Director of the Company.



Penilaian Kinerja Komite di Bawah Direksi                                        Performance Evaluation for Committees
                                                                                 under the Directors
Perseroan memiliki Komite Manajemen Risiko yang                                  The Company has established a Risk Management Committee
berada di bawah Direksi terdiri dari para Pimpinan Proyek                        under the supervision of the Directors, comprising Project
dan Kepala Divisi. Pada tahun 2025, Perseroan belum                              Leaders and Division Heads. In 2025, the Company has not
menerapkan mekanisme penilaian kinerja secara khusus                             implemented a specific performance assessment mechanism
bagi Komite Manajemen Risiko. Pengukuran target, kriteria,                       for the Risk Management Committee. The evaluation of
kompetensi, serta tingkat kehadiran rapat masing-masing                          targets, criteria, competencies, and meeting attendance of
anggota komite mengacu pada Standar Operasional                                  each committee member refers to the applicable Divisional
Prosedur (SOP) penilaian divisi yang berlaku di Perseroan.                       Standard Operating Procedures (SOP) for performance
                                                                                 assessment within the Company.




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DEWAN KOMISARIS
BOARD OF COMMISSIONERS

Dewan Komisaris merupakan organ Perseroan yang secara                 The Board of Commissioners is the corporate organ
kolektif bertanggung jawab atas pelaksanaan fungsi                    collectively responsible for overseeing the Company’s
pengawasan, pemberian nasihat kepada Direksi, serta                   management, providing advice to the Board of Directors,
memastikan penerapan Tata Kelola Perusahaan yang Baik                 and ensuring the effective implementation of Good
(GCG) secara efektif di seluruh tingkatan dan lini organisasi.        Corporate Governance (GCG) across all levels and lines of
                                                                      the organization.


Anggota Dewan Komisaris Perseroan memiliki keberagaman                Members of the Board of Commissioners of the Company
latar    belakang    pendidikan      dan       pengalaman,    yang    possess diverse educational backgrounds and professional
mendukung pelaksanaan tugas, tanggung jawab, dan                      experience, which support the professional execution of
fungsi independensi secara profesional. Keragaman tersebut            their duties, responsibilities, and independent functions.
berkontribusi terhadap penguatan kinerja dan keberlanjutan            This diversity contributes to strengthening the Company’s
Perseroan.                                                            performance and long-term sustainability.


Pengangkatan        dan   pemberhentian         Dewan    Komisaris    The Board of Commissioners is appointed and dismissed by
dilakukan melalui RUPS yang dilakukan setiap 5 (lima) tahun           the GMS every 5 (five) years, unless otherwise required by
sekali, kecuali terdapat kehendak lain oleh RUPS.                     the GMS.


Hingga 31 Desember 2025, komposisi Dewan Komisaris                    The composition of the Company’s Board of Commissioners
Perusahaan     sesuai      dengan     ketentuan     yang     diatur   as of December 31, 2025, complied with the provisions of
dalam Peraturan Otoritas Jasa Keuangan (POJK) No. 33/                 POJK No. 33/POJK.04/2014 and has been fully submitted in
POJK.04/2014. Informasi tersebut telah disampaikan secara             the Board of Commissioners' Profile in the Company Profile
lengkap dalam Laporan Tahunan pada bagian Profil Dewan                Chapter of this Annual Report.
Komisaris.

Piagam Dewan Komisaris                                                Board of Commissioners Charter
Pelaksanaan tugas dan tanggung jawab Dewan Komisaris                  In carrying out its duties and responsibilities, the Board
merujuk pada Piagam Dewan Komisaris yang mengutamakan                 of Commissioners refers to the Board of Commissioners
prinsip-prinsip transparansi, independen, kompeten, dan               Charter which emphasizes the principles of transparency,
bertanggung jawab. Perumusan Piagam Dewan Komisaris                   independence,       competence    and      responsibility.        The
berdasar pada ketentuan hukum, Anggaran Dasar, Peraturan              preparation of the Board of Commissioners Charter is based
OJK, serta hasil Rapat Umum Pemegang Saham (RUPS) dan                 on the laws and regulations, Articles of Association, OJK
memerhatikan prinsip-prinsip Tata Kelola Perusahaan yang              Regulations, and matters regulated in the GMS and takes
baik (GCG).                                                           into account the practice of GCG.


Piagam Dewan Komisaris berisikan mengenai deskripsi                   The Board of Commissioners charter contains a description of
tugas,    tanggung        jawab,    kewenangan,         persyaratan   the duties, responsibilities, authorities, general requirements
umum, dan independensi Dewan Komisaris, termasuk                      and independence of the Board of Commissioners, including
penyampaian masa jabatan, rapat, laporan, dan komite-                 those related to the term of office, meetings, reports, and
komite di bawahnya. Piagam Dewan Komisaris dievaluasi                 the committees under it. The Board of Commissioners’
dan diperbarui secara berkala supaya tetap sejalan dengan             Charter is evaluated and refined periodically so that it always
perubahan,    regulasi     yang     berlaku,    serta   kebutuhan     follows developments, applicable regulations, and of course
Perseroan.                                                            in accordance with the needs of the Company.




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Komposisi Dewan Komisaris                                          Composition of the Board of Commissioners
Komposisi Dewan Komisaris Intiland telah sesuai dengan             The composition of Intiland’s Board of Commissioners
ketentuan yang diatur pada POJK No. 33/POJK.04/2014                complies with the provisions of POJK No. 33/POJK.04/2014
tentang Direksi dan Dewan Komisaris Emiten atau                    on the Directors and Board of Commissioners of Issuers or
Perusahaan Publik.                                                 Public Companies.


Pada tahun 2025, terdapat perubahan susunan Dewan                  In 2025, there were changes in the composition of the Board
Komisaris berdasarkan hasil keputusan RUPS Tahunan                 of Commissioner based on the resolutions of the Annual GMS
tahun 2025. Susunan Dewan Komisaris per 31 Desember                in 2025. The composition of the Board of Commissioners as
2025 adalah sebagai berikut:                                       of December 31, 2025, is as follows:


  Komisaris Utama dan Komisaris Independen                        Dr. Sofyan A. Djalil, SH. MA
  President Commissioner and Independent Commissioner

  Wakil Komisaris Utama                                           Sinarto Dharmawan
  Vice President Commissioner

  Komisaris Independen                                            Friso Palilingan
  Independent Commissioner

  Komisaris Independen                                            Alexander S. Rusli
  Independent Commissioner


Komisaris Independen                                               Independent Commissioners
Komisaris Independen merupakan anggota Dewan Komisaris             The Independent Commissioner is a member of the Board
yang tidak memiliki hubungan afiliasi dengan anggota               of Commissioners who is not affiliated with members of the
Direksi, anggota Dewan Komisaris lainnya, atau pemegang            Directors, other members of the Board of Commissioners and
saham pengendali. Komisaris Independen Perseroan tidak             controlling shareholders. The Independent Commissioner
terikat dalam hubungan bisnis atau hubungan lain yang              of the Company is also free from business relationships
dapat mempengaruhi kemampuannya untuk bertindak                    or other relationships that could affect their ability to act
secara     independen          dan   mengutamakan   kepentingan    independently or solely in the interest of the Company.
Perusahaan.


Per 31 Desember 2025, Perseroan memiliki tiga Komisaris            As of December 31, 2025, the Company has three Independent
Independen, yaitu Bapak Dr. Sofyan A. Djalil, SH, MA, Bapak        Commissioners, namely Mr. Dr. Sofyan A. Djalil, SH, MA, Mr.
Friso Palilingan, dan Bapak Alexander S. Rusli. Jumlah ini         Friso Palilingan, and Mr. Alexander S. Rusli. This composition
mewakili 75 persen dari total anggota Dewan Komisaris,             represents 75 percents of all members of the Board of
sehingga telah memenuhi ketentuan yang diatur dalam                Commissioners and has complied with the requirements of
POJK No. 33/POJK.04/2014.                                          POJK No. 33/POJK.04/2014.

Kriteria Komisaris Independen dan                                  Criteria of Independent Commissioner and its
Independensinya                                                    Independence
Kriteria Komisaris Independen Intiland adalah sebagai              The criteria for Intiland’s Independent Commissioner are as
berikut:                                                           follows:
1. Tidak tercatat sebagai anggota manajemen Perseroan;             1. Is not listed as a member of the management of the
                                                                       Company;
2. Tidak mempunyai hubungan afiliasi dengan anggota                2. Is not affiliated with members of the Board of Directors,
     Direksi, anggota Dewan Komisaris, atau pemegang                   members of the Board of Commissioners, or shareholders
     saham Perseroan, dalam Perseroan yang sama;                       of the Company in the same Company;
3. Bukan sebagai pemegang saham mayoritas dan tidak                3. Is not a majority shareholder and is not having a
     memiliki hubungan, baik secara langsung atau tidak                relationship, either directly or indirectly with the majority
     langsung dengan Pemegang Saham mayoritas;                         shareholder;



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4. Dalam      kurun    waktu   tiga   tahun     terakhir   tidak   4. Within the last three years, has not been employed as
   dipekerjakan dalam kapasitasnya sebagai eksekutif oleh              an executive by another company in the same business
   perusahaan lain dalam satu kelompok usaha dan tidak                 group and has not been employed as a Commissioner
   pula dipekerjakan dalam kapasitasnya sebagai Komisaris              upon no longer serving the executive position;
   setelah tidak lagi menempati posisi seperti itu;
5. Tidak tercatat sebagai penasihat profesional di Perseroan       5. Is not registered as a professional advisor in the Company
   atau perusahaan lain dalam satu kelompok dengan                     or other companies in the same group as the Company;
   Perseroan;
6. Bukan sebagai pemasok atau pelanggan yang signifikan            6. Is not a significant and influential supplier or customer of
   serta berpengaruh dari Perseroan atau perusahaan lain               the Company or other companies within the Company’s
   dalam satu kelompok usaha Perseroan;                                business group;
7. Tidak    memiliki     kontrak   dengan     Perseroan    atau    7. Does not have any outstanding contract with the
   perusahaan lainnya dalam satu kelompok usaha                        Company or other companies in the same business group
   Perseroan selain sebagai Komisaris Perseroan;                       of the Company other than as a Commissioner of the
                                                                       Company;
8. Tidak punya kepentingan dan urusan bisnis dengan                8. Does not have any business interests and matters with
   Perseroan;                                                          the Company;
9. Tidak pernah menjadi anggota Direksi, anggota Dewan             9. Has never been a member of the Board of Directors,
   Komisaris, atau menduduki jabatan 1 (satu) tingkat di               a member of the Board of Commissioners, or held a
   bawah Direksi pada Perseroan tersebut dalam kurun                   position 1 (one) level below the Board of Directors of the
   waktu 2 (dua) tahun terakhir.                                       Company in the last 2 (two) years.


Komisaris Independen Intiland telah memenuhi kriteria              The Independent Commissioners of Intiland have met all the
independensi sebagaimana diatur dalam POJK No. 33/                 independence criteria listed in POJK No. 33/POJK.04/2014
POJK.04/2014 dan telah menyerahkan surat pernyataan                and has submitted a statement of independence and a letter
independensi dan surat pemenuhan persyaratan sebagai               of fulfillment of the requirements as Commissioner and
Komisaris serta Komisaris Independen kepada Perseroan.             Independent Commissioner to the Company. The statement
Dokumen-dokumen tersebut telah disimpan dalam arsip                letter has been archived by the Company.
perusahaan.

Tugas, Tanggung Jawab dan Wewenang                                 Duties, Reponsibilities, and Authority of the
Dewan Komisaris                                                    Board of Commissioners
Dalam      menjalankan     tanggung    jawab,     tugas,    dan    In carrying out its responsibilities, duties, and authorities, the
kewenangannya, Dewan Komisaris merujuk pada peraturan              Board of Commissioners refers to the prevailing regulations
yang berlaku dan Piagam Dewan Komisaris. Secara ringkas            and the Board of Commissioners Charter. In summary, the
peran, tanggung jawab, tugas, dan kewenangan Dewan                 roles, responsibilities, duties, and authorities of the Board of
Komisaris diuraikan sebagai berikut:                               Commissioners are outlined as follows:
1. Bertugas melakukan pengawasan dan bertanggung                   1. Concluding supervision and being responsible for
   jawab atas pengawasan terhadap kebijakan pengurusan                 supervising the management and its process well as the
   dan jalannya pengurusan serta usaha perusahaan;                     Company’s business;
2. Berwenang memberikan nasihat kepada Direksi;                    2. Having the authority to advise the Directors;
3. Dalam kondisi tertentu, Dewan Komisaris wajib                   3. Being responsible for convening Annual GMS and
   menyelenggarakan RUPS Tahunan dan RUPS lainnya                      Extraordinary GMS due to a certain condition, in
   sesuai dengan kewenangannya sebagaimana diatur                      accordance with their authority as stipulated in the Laws
   dalam Peraturan Perundang-undangan dan Anggaran                     and Regulations and Articles of Association;
   Dasar;
4. Berkewajiban melaksanakan tugas dan tanggung jawab              4. Being obligated to carry out duties and responsibilities as
   sebagaimana dimaksud pada ayat (1) dengan itikad baik,              stated in the article (1) with goodwill, full responsibility
   penuh tanggung jawab, dan kehati-hatian;                            and prudent manner;




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5. Dalam rangka mendukung efektivitas pelaksanaan tugas       5. Establishing an Audit Committee as well as other
     dan tanggung jawabnya sebagaimana dimaksud pada                committees in order to support the effectiveness of
     ayat (1), Dewan Komisaris wajib membentuk Komite               duties stated in the article (1);
     Audit dan dapat membentuk komite lainnya sesuai
     kebutuhan Perseroan;
6. Berkewajiban melakukan evaluasi terhadap kinerja           6. Being obliged to evaluate the committees’ performance
     komite yang membantu pelaksanaan tugas dan                     in assisting their duties and responsibilities as stated in
     tanggung jawabnya sebagaimana dimaksud pada ayat               the article (4), at every end of fiscal year;
     (4) setiap akhir tahun buku;
7. Berwenang memberhentikan sementara anggota Direksi         7. Having the authority to temporarily dismiss members of
     dengan menyebutkan alasannya; serta                            the Directors, by stating the reasons;
8. Dapat melakukan tindakan pengurusan Emiten atau            8. Conducting management of the Issuers or Public
     Perusahaan Publik dalam keadaan tertentu dan untuk             Companies during certain condition and period of time,
     jangka waktu tertentu, yang ditetapkan berdasarkan             as determined by the Articles of Association or GMS
     Anggaran Dasar atau keputusan RUPS.                            resolutions.

Program Pengembangan dan Pelatihan                            Development and Training Program for the
Dewan Komisaris                                               Board of Commissioners
Seluruh informasi terkait pelatihan yang diikuti oleh Dewan   All information related to the training programs of the
Komisaris selama tahun 2025 telah diungkapkan dalam Bab       Board of Commissioners in 2025 has been presented in the
Profil Perusahaan pada Laporan Tahunan ini.                   Company Profile chapter of this Annual Report.

Pelaksanaan Tugas Dewan Komisaris tahun                       Implementation of Duties of the Board of
2025                                                          Commissioners in 2025
Selama tahun 2025, Dewan Komisaris Perseroan telah            In 2025, the Company’s Board of Commissioners carried
melakukan tugas dan tanggung jawabnya sebagai berikut:        out the following duties and responsibilities:
1. Menyusun rencana kerja tahunan.                            1. Prepared the annual work plan.
2. Membahas kinerja Direksi dan kinerja Perseroan.            2. Discussed the performance of the Board of Directors and
                                                                    the Company.
3. Membahas usulan rencana-rencana pengembangan               3. Discussed the proposed development plans of the
     Perusahaan yang disampaikan oleh Direksi.                      Company submitted by the Board of Directors.
4. Memberikan arahan dan masukan kepada Direksi atas          4. Provided advice and input to the Board of Directors on
     rencana dan langkah-langkah yang mungkin diambil               plans and steps to be taken in running the Company.
     dalam menjalankan Perusahaan.
5. Mengevaluasi kinerja komite-komite di bawah Dewan          5. Evaluated the performance of the committees under the
     Komisaris.                                                     Board of Commissioners.
6. Memberikan tanggapan atas laporan audit Perusahaan         6. Provided feedback on the Company’s audit report
     yang disampaikan oleh Komite Audit.                            submitted by the Audit Committee.
7. Membahas dan memberikan saran atas tindak lanjut dan       7. Discussed and provided advice on the follow-up and
     temuan-temuan audit internal dan/atau audit eksternal.         findings of the internal audit and/or external audit.
8. Menghadiri Rapat Umum Pemegang Saham Tahunan.              8. Attended the Annual General Meeting of Shareholders.
9. Menyampaikan laporan Dewan Komisaris dalam RUPS.           9. Delivered the Board of Commissioners’ report at the
                                                                    GMS.
10. Melakukan penilaian mandiri terhadap kinerja Dewan        10.     Conducted an independent assessment of the
     Komisaris selama tahun berjalan.                               performance of the Board of Commissioners during the
                                                                    year.
11. Menunjuk Akuntan Publik dan Kantor Akuntan Publik         11. Appointed a Public Accountant and a Public Accounting
     Perseroan dengan mempertimbangkan penilaian dan                Firm by considering the assessment and input from the
     masukan dari Komite Audit.                                     Audit Committee.




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12. Menyelenggarakan rapat Dewan Komisaris secara                                 12. To organize regular Board of Commissioners meetings
    berkala untuk membahas dan memutuskan isu-isu                                      to discuss and resolve important issues of the Company.
    penting Perseroan.

Frekuensi dan Tingkat Kehadiran Rapat                                             Frequency and the Attendance Rates of the
Dewan Komisaris                                                                   Board of Commissioners
Piagam Dewan Komisaris mengatur kebijakan mengenai                                The Board of Commissioners Charter regulates the policy
pelaksanaan Rapat Dewan Komisaris. Jadwal rapat selama                            for the implementation of the Board of Commissioners
satu tahun mendatang telah ditetapkan oleh Dewan                                  Meeting. The Board of Commissioners has set a meeting
Komisaris sebelum berakhirnya tahun buku. Dewan                                   schedule for the coming year before the end of the financial
Komisaris setidaknya menyelenggarakan rapat rutin satu                            year. The Board of Commissioners holds regular meetings at
kali dalam dua bulan dan juga dapat diselenggarakan setiap                        least once in two months and can also be held at any time if
saat apabila diperlukan.                                                          necessary.


Dewan Komisaris secara berkala menyelenggarakan rapat                             The Board of Commissioners regularly organizes meetings
untuk membahas kegiatan Perusahaan dan melakukan                                  to discuss the Company's activities and conducts discussions
diskusi dengan komite-komite di bawah Dewan Komisaris                             with the Committees under the Board of Commissioners
guna membahas masalah yang dianggap perlu untuk                                   to discuss issues deemed necessary to receive attention
mendapatkan perhatian dari Dewan Komisaris. Sepanjang                             from the Board of Commissioners. Throughout 2025, the
tahun 2025, Dewan Komisaris menyelenggarakan rapat                                Board of Commissioners held 6 (six) meetings with the
sebanyak 6 (enam) kali dengan tingkat kehadiran yang dapat                        attendance rate which can be conveyed in the recapitulation
disampaikan dalam rekapitulasi kehadiran sebagai berikut:                         of attendance as follows:



                             Nama                                         Jumlah Rapat                  Jumlah Kehadiran                   Presentase
                             Name                                         Total Meeting                  Total Attendance                  Percentage
 Dr. Sofyan A. Djalil, SH.MA                                                     6                                6                           100%
 Sinarto Dharmawan                                                               6                                6                           100%
 Friso Palilingan                                                                6                                6                           100%
 Alexander S. Rusli*                                                              4                               4                           100%
 Thio Gwan Po Micky**                                                             2                               2                           100%
 Jahja Asikin**                                                                   2                               2                           100%
 Ping Handayani Hanli**                                                           2                               2                           100%

*) Bapak Alexander S. Rusli mulai mengikuti rapat Dewan Komisaris sejak 28 Mei 2025, sehingga jumlah rapat yang dicatat adalah sejak beliau menjadi Komisaris
Independen Perseroan.
Mr. Alexander S. Rusli began attending Board of Commissioners meetings since May 28, 2025, the total number of meetings recorded is since he became Independent
Commissioners of the Company.
**) Bapak Thio Gwan Po Micky, Bapak Jahja Asikin dan Ibu Ping Handayani Hanli mengikuti rapat Dewan Komisaris hingga 28 Mei 2025 sehingga jumlah rapat yang
dicatat adalah pada saat beliau masih menjadi anggota Dewan Komisaris Perseroan.
Mr. Thio Gwan Po Micky, Mr. Jahja Asikin and Mrs. Ping Handayani Hanli attended the Board of Commissioners meetings until May 28, 2025, the recorded total
number of meetings attended is when they were still members of the Company's Board of Commissioners.



Penilaian Kinerja Direksi dan Dewan                                               Performance Evaluation of the Directors and
Komisaris                                                                         the Board of Commissioners
Perseroan melakukan penilaian kinerja Dewan Komisaris                             The Company assesses the performance of the Board of
dan Direksi secara kolegial melalui mekanisme penilaian                           Commissioners and Directors collegially through a self-
mandiri setiap tahunnya dengan merujuk beberapa                                   assessment mechanism every year. The performance
aspek antara lain terkait tingkat pencapaian kinerja                              assessment is based on several aspects, among others
Perseroan, pelaksanaan tugas dan tanggung jawab, tata                             related to the level of achievement of the Company's
kelola perusahaan, hingga anggaran dasar dan peraturan                            performance, implementation of duties and responsibilities,
perundang-undangan.                                                               corporate governance, to the articles of association and laws
                                                                                  and regulations.



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Hasil penilaian digunakan sebagai dasar dalam menyusun                The results of the assessment serve as the basis for
rencana pengembangan, peningkatan kompetensi, serta                   preparing development plans, enhancing competencies,
perbaikan pada area yang memerlukan perhatian lebih                   and addressing areas that require further improvement,
guna mendukung pelaksanaan peran Dewan Komisaris dan                  thereby enabling the Board of Commissioners and Directors
Direksi secara optimal dalam mendorong pertumbuhan dan                to perform their roles optimally in supporting the Company’s
keberlanjutan Perseroan.                                              growth and sustainability.

Penilaian Kinerja Direksi                                             Performance Evaluation of the Directors
Direksi secara bersama-sama dan berkala melakukan                     The Directors jointly and periodically evaluates the
evaluasi terhadap pencapaian target kerja sekaligus                   achievement of work targets as well as sets targets and
menetapkan target dan strategi untuk langkah-langkah yang             strategies for future steps to be taken. The setting of
akan diambil di masa depan. Penetapan target dan strategi             targets and strategies covers both financial and non-
mencakup aspek keuangan maupun non-keuangan, seperti                  financial aspects, such as improving the company's systems
perbaikan sistem dan kualitas perusahaan, peningkatan                 and quality, improving the quality of human resources,
kualitas sumber daya manusia, ekspansi segmen usaha,                  expanding business segments, improving the efficiency and
peningkatan efisiensi dan efektivitas pengelolaan anggaran,           effectiveness of budget management, and other aspects.
serta aspek lainnya.


Direksi juga telah melakukan evaluasi kinerja Direksi secara          The Directors has also evaluated the performance of the
mandiri melalui metode self-assessment, baik kinerja secara           Directors independently through the self-assessment
kolektif maupun secara individu pada bulan Desember 2025.             method, both collectively and individually in December 2025.


Berikut adalah detail mengenai prosedur, kriteria, dan pihak          The following are details regarding the procedures, criteria,
yang melakukan penilaian kinerja Direksi:                             and parties conducting the performance assessment of the
                                                                      Directors:

Prosedur Pelaksanaan Penilaian                                        Assessment Procedure
Direksi melakukan penilaian kinerja dengan mengisi                    The Directors conduct a performance assessment by filling
formulir penilaian mandiri. Formulir penilaian mandiri telah          out a self-assessment form. The self-assessment form is in
sesuai dengan tugas, tanggung jawab, dan kewenangan                   accordance with the duties, responsibilities and authorities
Direksi antara lain yang termaktub pada Piagam Direksi                of the Directors, among others, as stated in the Charter of
maupun peraturan yang mengatur tugas, tanggung jawab,                 the Directors and the regulations governing the duties,
dan kewenangan Direksi.                                               responsibilities and authorities of the Directors.


Alur proses penilaian mandiri sebagai berikut:                        The flow of the self-assessment process is as follows:
1. Masing-masing             anggota   Direksi   mengisi   formulir   1. Each member of the Board of Directors fills in the self-
     penilaian mandiri;                                                  assessment form;
2. Hasil penilaian mandiri Direksi dilaporkan dan dievaluasi          2. The results of the Directors' self-assessment are reported
     oleh Dewan Komisaris melalui rapat berdasarkan                      and evaluated by the Board of Commissioners through a
     rekomendasi dari Komite Nominasi dan Remunerasi                     meeting based on recommendations from the Company's
     Perseroan;                                                          Nomination and Remuneration Committee;
3. Pembahasan hasil evaluasi.                                         3. Discussion of evaluation results.

Kriteria Penilaian                                                    Assessment Criteria
Penilaian kinerja Direksi dilakukan dengan menggunakan                The performance assessment of the Directors is conducted
kriteria yang jelas, terukur, realistis, dan relevan serta            using clear, measurable, realistic, and relevant criteria and is
disetujui bersama untuk menjadi tolak ukur penilaian.                 mutually agreed upon to be the benchmark for assessment.
Berikut adalah kriteria penilaian anggota Direksi Perseroan:          The following are the criteria for assessing members of the
                                                                      Company's Directors:




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1. Pelaksanaan tugas Direksi sesuai dengan mekanisme           1. Implementation of the duties of the Directors in
   kerja, yang meliputi rapat dan pelaporan.                         accordance with the working mechanism, which includes
2. Implementasi tata kelola perusahaan yang baik dan                 meetings and reporting.
   aspek keberlanjutan.                                        2. Implementation of good corporate governance and
3. Keselarasan antara kinerja usaha Perseroan dengan                 sustainability aspects.
   strategi usaha yang dicanangkan, serta pencapaian           3. Alignment between the Company's business performance
   kinerja finansial dan manajemen risiko.                           and the business strategy, as well as the achievement of
4. Evaluasi pribadi dan rekan sejawat.                               financial performance and risk management.
                                                               4. Personal and peer evaluation.

Pihak yang Melakukan Penilaian                                 Parties Conducting Assessment
Masing-masing anggota Direksi melakukan penilaian              Each member of the Directors conducts self-assessment
mandiri yang kemudian dievaluasi oleh Dewan Komisaris          which are then evaluated by the Board of Commissioners
melalui rapat berdasarkan rekomendasi dari Komite              through a meeting based on recommendations from the
Nominasi dan Remunerasi Perseroan.                             Company's Nomination and Remuneration Committee.


Bilamana dinilai perlu, penilaian kinerja Direksi dapat        If deemed necessary, an assessment of the performance of
dilakukan oleh pihak eksternal yang ditunjuk untuk             the Directors can be facilitated by an external party which
memberikan perspektif atas kinerja Direksi dan pandangan       provides a perspective on the performance of the Directors
terhadap kinerja lainnya.                                      and a view of other performance.

Penilaian Kinerja Dewan Komisaris                              Performance Evaluation of the Board of
                                                               Commissioners
Dewan Komisaris Perseroan telah menyampaikan laporan           The Board of Commissioners of the Company has submitted
pertanggungjawaban pada akhir tahun 2025 yang telah            an accountability report at the end of 2025 to evaluate the
dilaksanakan meliputi evaluasi pencapaian kinerja Perseroan,   Company's performance achievements, implementation of
pelaksanaan prinsip-prinsip Tata Kelola Perusahaan, serta      Corporate Governance principles, and recommendations for
rekomendasi untuk prospek di tahun mendatang.                  prospects in the coming year.


Pada Rapat Umum Pemegang Saham (RUPS), Dewan                   At the General Meeting of Shareholders (GMS), the Board
Komisaris menyampaikan laporan pertanggungjawaban              of Commissioners submits the accountability report which
yang telah dicantumkan di dalam Laporan Tahunan                is included in the Company's Annual Report. The Board
Perseroan. Dewan Komisaris juga telah melakukan evaluasi       of Commissioners has also evaluated the performance of
terhadap kinerja Dewan Komisaris melalui metode penilaian      the Board of Commissioners through the self-assessment
mandiri, baik kinerja secara kolektif maupun secara individu   method, both collectively and individually in December 2025.
pada bulan Desember 2025.


Berikut adalah prosedur, kriteria, dan pihak yang melakukan    The following are the procedures, criteria, and parties
penilaian kinerja Dewan Komisaris tahun 2025:                  conducting the performance assessment of the Board of
                                                               Commissioners in 2025:

Prosedur Pelaksanaan Penilaian                                 Assessment Procedure
Penilaian kinerja Dewan Komisaris menggunakan formulir         The performance assessment of the Board of Commissioners
penilaian mandiri sesuai dengan tugas, tanggung jawab, dan     uses a self-assessment form that is in accordance with
kewenangan Dewan Komisaris sesuai yang termaktub pada          the     duties,   responsibilities,   and     authorities        of    the
Piagam Dewan Komisaris maupun peraturan yang mengatur          Board of Commissioners, as stated in the Charter of the
tugas, tanggung jawab, dan kewenangan Dewan Komisaris.         Board of Commissioners and regulations governing the
                                                               duties, responsibilities, and authorities of the Board of
                                                               Commissioners.




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Alur proses penilaian kinerja Dewan Komisaris sebagai                  The flow of the self-assessment process is as follows:
berikut:
1. Masing-masing anggota Dewan Komisaris mengisi                       1. Each member of the Board of Commissioners fills in the
     formulir penilaian mandiri;                                          self-assessment form;
2. Hasil penilaian mandiri dievaluasi oleh Dewan Komisaris             2. The results of the Board of Commissioners self-
     melalui rapat berdasarkan rekomendasi dari Komite                    assessment are reported and evaluated by the Board
     Nominasi dan Remunerasi Perseroan;                                   of Commissioners through a meeting based on
                                                                          recommendations from the Company's Nomination and
                                                                          Remuneration Committee;
3. Pembahasan hasil evaluasi.                                          3. Discussion of evaluation results.

Kriteria Penilaian                                                     Assessment Criteria
Penilaian kinerja Dewan Komisaris dilakukan dengan                     The performance assessment of the Board of Commissioners
menggunakan kriteria yang jelas, terukur, realistis, dan               is carried out using clear, measurable, realistic, and relevant
relevan serta disetujui bersama untuk menjadi tolak ukur               criteria and is mutually agreed upon as a benchmark for
penilaian. Berikut adalah kriteria penilaian anggota Dewan             assessment. The following are the assessment criteria for
Komisaris:                                                             members of the Board of Commissioners:
1. Pencapaian program kerja Dewan Komisaris.                           1. Achievement of the Board of Commissioners work
                                                                          program.
2. Tingkat kehadiran dalam Rapat Dewan Komisaris.                      2. Attendance rate at the Board of Commissioners Meeting.
3. Signifikansi rekomendasi yang disampaikan kepada                    3. Significance of recommendations submitted to the Board
     Direksi dan manajemen terkait:                                       of Directors and related management:
4. Strategi dan rencana penting Perseroan;                             4. Key strategies and plans of the Company;
5. Integritas laporan keuangan Perseroan;                              5. The integrity of the Company's financial statements;
6. Sistem pengendalian internal dan manajemen risiko;                  6. Internal control and risk management system;
7. Tata       kelola      perusahaan      yang    baik   dan   aspek   7. Good corporate governance and sustainability aspects;
     keberlanjutan; dan                                                   and
8. Terpenuhinya ketentuan dan kepatuhan atas peraturan                 8. Fulfillment of provisions and compliance with regulations

Pihak yang Melakukan Penilaian                                         Parties Conducting the Assessment
Masing-masing anggota Dewan Komisaris melakukan                        Each member of the Board of Commissioners conducts
penilaian mandiri yang kemudian dievaluasi oleh Dewan                  self-assessments which are then evaluated by the
Komisaris melalui rapat berdasarkan rekomendasi dari                   Board of Commissioners through a meeting based on
Komite Nominasi dan Remunerasi Perseroan.                              recommendations from the Company's Nomination and
                                                                       Remuneration Committee.


Bilamana dinilai perlu, penilaian kinerja Dewan Komisaris              If deemed necessary, the performance assessment of the
dapat dilakukan oleh pihak eksternal untuk memberikan                  Board of Commissioners may be conducted by an external
perspektif atas kinerja Dewan Komisaris maupun pandangan               party which provides a perspective on the performance
terhadap kinerja-kinerja lainnya.                                      of the Board of Commissioners as well as views on other
                                                                       performances.

Penilaian Kinerja Komite di Bawah Dewan                                Performance Evaluation for Committees
Komisaris                                                              under the Board of Commissioners
Perseroan        memiliki          dua   komite   yang   membantu      The Company has two committees to assist the duties of
tugas Dewan Komisaris meliputi Komite Audit dan                        the Board of Commissioners, namely the Audit Committee
Komite Nominasi dan Remunerasi. Kedua komite telah                     and the Nomination and Remuneration Committee. The
melaksanakan tugas dan tanggung jawabnya secara                        Committees have adequately carried out their duties and
memadai sesuai dengan pedoman kerja yang telah                         responsibilities in accordance with the work guidelines




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ditetapkan di tahun 2025. Kinerja komite-komite diukur dari    established in 2025. The performance of the committees is
pelaksanaan semua rencana kerja yang telah ditetapkan          measured by the implementation of all work plans that have
bersama-sama Dewan Komisaris di awal tahun.                    been set together with the Board of Commissioners at the
                                                               beginning of the year.


Berdasarkan evaluasi terhadap proses kerja dan pencapaian      After evaluating the work process and achievements in
di tahun 2025, maka Dewan Komisaris menetapkan bahwa           2025, the Board of Commissioners determined that the
Komite Audit dan Komite Nominasi dan Remunerasi telah          Audit Committee and the Nomination and Remuneration
bekerja dengan baik sesuai dengan tugas dan fungsi yang        Committee have worked well in accordance with their duties
ditetapkan.                                                    and functions.


Berikut prosedur dan kriteria penilaian yang digunakan         The following procedures and assessment criteria are used
dalam menilai kinerja komite-komite di bawah Dewan             in assessing the performance of the committees under the
Komisaris:                                                     Board of Commissioners:

Prosedur Pelaksanaan Penilaian                                 Assessment Procedure
Proses penilaian dilakukan oleh masing-masing anggota          The assessment process is carried out by each committee
komite dengan menggunakan formulir penilaian mandiri           member using a self-assessment form that has been
sesuai dengan tugas dan kewajiban masing-masing komite         aligned with the duties and obligations of each committee,
yang termaktub pada Piagam Komite Audit dan Komite             as stipulated in the Audit Committee Charter and the
Nominasi & Remunerasi maupun peraturan yang mengatur           Nomination & Remuneration Committee Charter, as well as
tugas, tanggung jawab, dan kewenangannya.                      in the regulations governing the duties, responsibilities, and
                                                               authorities.


Tata cara pelaksanaan penilaian sebagai berikut:               The procedure for conducting the assessment is as follows:
1. Anggota Komite Audit dan Komite Nominasi &                  1. Audit Committee and Nomination & Remuneration
   Remunerasi mengisi Formulir penilaian mandiri;                 Committee members fill out the self-assessment form;
2. Hasil     penilaian   mandiri   setiap   anggota   Komite   2. The results of the self-assessment of the each
   selanjutnya dievaluasi oleh Dewan Komisaris melalui            Committee members are then evaluated by the Board of
   rapat;                                                         Commissioners through a meeting;
3. Pembahasan hasil evaluasi.                                  3. Discussion of evaluation results.

Kriteria Penilaian                                             Assessment Criteria
Komite Nominasi & Remunerasi:                                  Nomination & Remuneration Committee:
1. Pelaksanaan tugas Komite Nominasi & Remunerasi              1. Implementation        of   Nomination       &     Remuneration
   sesuai dengan mekanisme kerja, yang meliputi rapat dan         Committee duties in accordance with the work
   pelaporan.                                                     mechanism, which includes meetings and reporting.
2. Implementasi tata kelola perusahaan yang baik dan           2. Implementation of good corporate governance and
   aspek keberlanjutan.                                           sustainability aspects.
3. Keselarasan antara pendapat, saran, dan rekomendasi         3. Alignment      between       opinions,     suggestions,         and
   terkait fungsi nominasi dan remunerasi dengan                  recommendations related to the nomination and
   strategi dan kinerja usaha Perseroan serta pelaksanaan         remuneration function with the Company's business
   manajemen risiko.                                              strategy and performance as well as the implementation
                                                                  of risk management.
4. Pelaksanaan tugas, tanggung jawab, dan kewenangan           4. Implementation        of    duties,    responsibilities,        and
   sesuai Piagam Komite Nominasi dan Remunerasi dan               authorities in accordance with the Nomination and
   Peraturan yang berlaku.                                        Remuneration Committee Charter and applicable
                                                                  regulations.




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Komite Audit:                                                                Audit Committee
1. Pelaksanaan tugas, tanggung jawab, dan kewenangan                         1. Implementation       of       duties,   responsibilities,   and
     Komite Audit sesuai dengan mekanisme kerja, yang                            authorities of the Audit Committee in accordance with
     meliputi rapat dan pelaporan.                                               the working mechanism, which includes meetings and
                                                                                 reporting.
2. Implementasi tata kelola perusahaan yang baik dan                         2. Implementation of good corporate governance and
     aspek keberlanjutan.                                                        sustainability aspects.
3. Kecukupan struktur, komposisi, independensi, dan                          3. Adequacy of the structure, composition, independence,
     kompetensi Komite Audit.                                                    and competence of the Audit Committee.
4. Implementasi            dari      tugas,   tanggung    jawab,    dan      4. Implementation       of       duties,   responsibilities,   and
     kewenangan sesuai Piagam Komite Audit dan Peraturan                         authorities in accordance with the Audit Committee
     yang berlaku.                                                               Charter and applicable regulations.

Rapat Gabungan Dewan Komisaris dan                                           Joint Meeting of the Board of Commissioners
Direksi                                                                      and Directors
Penyelenggaraan            Rapat      Gabungan      bertujuan      untuk     The Joint Meetings are convened to coordinate and discuss
mengoordinasikan dan membahas laporan serta kinerja                          the Board of Directors’ reports and performance on a periodic
Direksi secara berkala, prospek dan kondisi usaha ke depan,                  basis, future business prospects and conditions, government
kebijakan Pemerintah yang berpotensi mempengaruhi                            policies that may affect the Company’s performance, as well
kinerja Perseroan, serta isu-isu strategis lainnya yang                      as other strategic matters requiring collective deliberation.
memerlukan pembahasan kolektif. Dalam forum tersebut,                        During these meetings, the Board of Commissioners
Dewan Komisaris menyampaikan masukan dan nasihat                             provides input and advice to the Board of Directors, which
kepada Direksi yang didokumentasikan dalam Berita Acara                      are documented in the Minutes of Meeting.
Rapat.


Jadwal Rapat Gabungan untuk periode satu tahun berikutnya                    The schedule of Joint Meetings for the following year is
disusun secara bersama oleh Dewan Komisaris dan Direksi.                     jointly determined by the Board of Commissioners and the
Agenda rapat dapat diusulkan oleh masing-masing pihak                        Board of Directors. Meetings Agenda may be proposed by
sesuai kebutuhan.                                                            either party as deemed necessary.


Pada      tahun       2025,        Dewan      Komisaris   dan   Direksi      In 2025, the Board of Commissioners and the Board of
menyelenggarakan sebanyak 10 (sepuluh) Rapat Gabungan.                       Directors held a total of 10 (ten) Joint Meetings. A total of
Sebanyak 5 (lima) rapat diusulkan oleh Direksi dan terdapat                  5 (five) meetings were proposed by the Board of Directors
5 (lima) rapat yang merupakan usulan dari Dewan Komisaris.                   and 5 (five) meetings were proposed by the Board of
Berikut adalah tingkat kehadiran anggota Dewan Komisaris                     Commissioners. The following is the attendance rate of
dan Direksi dalam Rapat Gabungan tahun 2025:                                 members of the Board of Commissioners and Board of
                                                                             Directors in the Joint Meeting in 2025:


                                   Nama                                Jumlah Rapat            Jumlah Kehadiran                Presentase
                                   Name                                Total Meeting            Total Attendance               Percentage
 Dr. Sofyan A. Djalil, SH.MA                                                10                        10                         100%
 Komisaris Utama & Komisaris Independen
 President Commissioner & Independent Commissioner
 Sinarto Dharmawan                                                          10                        10                         100%
 Wakil Komisaris Utama
 Vice President Commissioner
 Friso Palilingan                                                           10                        10                         100%
 Komisaris Independen
 Independent Commissioner
 Alexander S. Rusli**                                                        5                            5                      100%
 Komisaris Independen
 Independent Commissioner




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                             Nama                                        Jumlah Rapat                 Jumlah Kehadiran                   Presentase
                             Name                                        Total Meeting                 Total Attendance                  Percentage
 Thio Gwan Po Micky*                                                            5                               5                           100%
 Komisaris Independen
 Independent Commissioner
 Jahja Asikin*                                                                  5                               5                           100%
 Komisaris
 Commissioner
 Ping Handayani Hanli*                                                          5                               5                           100%
 Komisaris
 Commissioner
 Archied Noto Pradono                                                          10                              10                           100%
 Direktur Utama
 President Director
 Utama Gondokusumo                                                             10                              10                           100%
 Wakil Direktur Utama
 Vice President Director
 Novita Anggriani                                                              10                              10                           100%
 Direktur
 Director
 Simon Joseph Wirawan**                                                         5                               5                           100%
 Direktur
 Director
 Hendro S. Gondokusumo***                                                       2                               2                           100%
 Direktur Utama
 President Director
 Suhendro Prabowo*                                                              5                               5                           100%
 Wakil Direktur Utama
 Vice President Director
 Perry Yoranouw*                                                                5                               5                           100%
 Direktur
 Director
 Permadi Indra Yoga*                                                            5                               5                           100%
 Direktur
 Director

*) Bapak Thio Gwan Po Micky, Bapak Jahja Asikin, Ibu Ping Handayani Hanli, Bapak Suhendro Prabowo, Bapak Perry Yoranouw dan Bapak Permadi Indra Yoga
mengikuti Rapat Gabungan hingga 28 Mei 2025 sehingga jumlah rapat yang dicatat adalah pada saat beliau masih menjadi anggota Direksi dan Dewan Komisaris
Perseroan.
Mr. Thio Gwan Po Micky, Mr. Jahja Asikin, Mrs. Ping Handayani Hanli, Mr. Suhendro Prabowo, Mr. Perry Yoranouw and Mr. Permadi Indra Yoga attended the Joint
Meetings until May 28, 2025, the recorded total number of meetings attended is when they were still members of the Company's Board of Directors and Board of
Commissioners.
**) Bapak Alexander S. Rusli dan Bapak Simon Joseph Wirawan mulai mengikuti Rapat Gabungan sejak 28 Mei 2025, sehingga jumlah rapat yang dicatat adalah
sejak beliau menjadi anggota Dewan Komisaris dan Direksi Perseroan.
Mr. Alexander S. Rusli and Mr. Simon Joseph Wirawan began attending Joint Meetings since May 28, 2025, the total number of meetings recorded is since they
became members of the Company's Board of Commissioners and Board of Directors.
***) Bapak Hendro S. Gondokusumo mengikuti Rapat Gabungan hingga 13 Maret 2025 sehingga jumlah rapat yang dicatat adalah sebelum beliau meninggal dunia.
Mr. Hendro S. Gondokusumo attended the Joint Meetings until March 13, 2025, the total number of meetings attended was before he deceased.



Nominasi dan Remunerasi Direksi dan Dewan                                        Nomination and Remuneration of the
Komisaris                                                                        Directors and the Board of Commissioners
Prosedur Nominasi Direksi dan Dewan Komisaris                                    Nomination Procedure of the Directors and the Board
                                                                                 of Commissioners
Perseroan memiliki prosedur nominasi bagi Direksi dan                            The Company has established nomination procedures for
Dewan Komisaris yang berpedoman pada prinsip Tata Kelola                         the Directors and the Board of Commissioners based on the
Perusahaan yang Baik, serta menjunjung tinggi transparansi                       principles of Good Corporate Governance, while upholding
dan akuntabilitas. Prosedur ini bertujuan untuk memperoleh                       transparency and accountability. These procedures aim to
komposisi Direksi dan Dewan Komisaris yang optimal,                              ensure an optimal composition of the Directors and the
dengan latar belakang, keahlian, dan pengalaman yang                             Board of Commissioners, with backgrounds, expertise, and
selaras dengan kebutuhan dan tujuan Perseroan. Komite                            experience aligned with the Company’s needs and objectives.
Nominasi dan Remunerasi berperan dalam memastikan                                The Nomination and Remuneration Committee plays a key
proses nominasi tersebut dilaksanakan secara obyektif dan                        role in ensuring that the nomination process is conducted
sesuai ketentuan yang berlaku.                                                   objectively and in accordance with prevailing regulations.



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Dalam melaksanakan fungsi nominasi bagi Direksi dan              In carrying out the nomination function for the Directors and
Dewan Komisaris, Komite Nominasi dan Remunerasi                  Board of Commissioners, the Nomination and Remuneration
menjalankan prosedur sebagai berikut:                            Committee carries out the following procedures:
a. Menyusun komposisi dan proses nominasi anggota                a. Develop the composition and nomination process for
     Direksi dan/atau anggota Dewan Komisaris;                      members of the Directors and/or Board of Commissioners;
b. Menyusun kebijakan dan kriteria yang dibutuhkan               b. Develop policies and criteria required in the nomination
     dalam proses nominasi dan calon anggota Direksi dan/           process and candidates for members of the Directors
     atau Dewan Komisaris;                                          and/or Board of Commissioners;
c. Membantu pelaksanaan evaluasi atas kinerja anggota            c. Assist in implementation of         evaluation on the
     Direksi dan/atau anggota Dewan Komisaris;                      performance of members of the Directors and/or the
                                                                    Board of Commissioners;
d. Menyusun            program     pengembangan   kemampuan      d. Develop capacity building programs for members of the
     anggota Direksi dan/atau Dewan Komisaris; dan                  Directors and/or Board of Commissioners; and
e. Menelaah dan mengusulkan calon yang memenuhi                  e. Review and propose candidates who meet the
     persyaratan sebagai anggota Direksi dan/atau anggota           requirements as members of the Directors and/or the
     Dewan Komisaris kepada Dewan Komisaris untuk                   Board of Commissioners to the Board of Commissioners
     disampaikan kepada RUPS.                                       to be submitted to the GMS.


Komite Nominasi dan Remunerasi telah menjalankan                 The Nomination and Remuneration Committee has carried
fungsi remunerasi bagi anggota Direksi dan anggota               out the remuneration function for members of the Directors
Dewan Komisaris sesuai prosedur. Besaran remunerasi bagi         and the Board of Commissioners in accordance with
Dewan Komisaris diusulkan melalui RUPS berdasarkan hasil         established procedures. The amount of remuneration for the
evaluasi kinerja Dewan Komisaris serta mempertimbangkan          Board of Commissioners is proposed through the GMS based
kondisi Perusahaan, makro ekonomi Indonesia, dan prospek         on the results of the Board of Commissioners' performance
Perusahaan. Prosedur penetapan remunerasi dilaksanakan           evaluation and considering the Company's condition,
berdasarkan kinerja dari masing-masing anggota Direksi dan       Indonesia's macro economy, and the Company's prospects.
Dewan Komisaris, serta mempertimbangkan kemampuan                The procedure for determining remuneration is based on
finansial Perseroan.                                             the performance of each member of the Directors and Board
                                                                 of Commissioners, as well as considering the Company's
                                                                 financial capability.


Hasil keputusan RUPS Tahunan             2025 menyetujui nilai   The 2025 AGMS approved the remuneration value of the
remunerasi Dewan Komisaris Perseroan adalah sebesar-             Company's Board of Commissioners to be a maximum of
besarnya Rp12.000.000.000 (dua belas miliar Rupiah),             Rp12,000,000,000 (twelve billion Rupiah), which includes
yang meliputi dari komponen gaji, tunjangan hari raya,           the components of salary, religious holiday allowance,
fasilitas kesehatan sesuai yang berlaku di perusahaan,           health facilities in accordance with applicable regulations
dan faktor pajak yang menjadi tanggungan Perusahaan.             in the Company, and tax factors that are borne by the
Sedangkan penetapan remunerasi bagi Direksi, dilimpahkan         Company. Meanwhile, the determination of remuneration
kepada Dewan Komisaris dengan berdasarkan pada                   for the Board of Directors is delegated to the Board of
penilaian kinerja dan kontribusi dari anggota Direksi serta      Commissioners based on an assessment of the performance
mempertimbangkan usulan dari Komite Nominasi dan                 and contribution of the members of the Board of Directors
Remunerasi dan Direktur Utama Perusahaan.                        and considering proposals from the Nomination and
                                                                 Remuneration Committee and the President Director of the
                                                                 Company.




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Struktur Remunerasi Anggota Direksi dan                        Remuneration Structure for Members of the
Dewan Komisaris:                                               Directors and the Board of Commissioners:
Mempertimbangkan kinerja Perusahaan secara keseluruhan         Taking into consideration the overall performance of the
dan kinerja Direksi selama tahun 2025, Dewan Komisaris         Company and the performance of the Directors during
menyetujui bahwa remunerasi bagi Direksi adalah sebesar        2025, the Board of Commissioners approved that the
Rp14.267.777.749 (empat belas miliar dua ratus enam puluh      remuneration of the Directors is Rp14,267,777,749 (fourteen
tujuh juta tujuh ratus tujuh puluh tujuh ribu tujuh ratus      billion two hundred sixty-seven million seven hundred
empat puluh sembilan Rupiah) dan remunerasi Dewan              seventy-seven thousand seven hundred forty-nine Rupiah)
Komisaris sebesar Rp8.365.157.215 (delapan miliar tiga ratus   and the remuneration of the Board of Commissioners
enam puluh lima juta seratus lima puluh tujuh ribu dua         is Rp8,365,157,215 (eight billion three hundred sixty-five
ratus lima belas Rupiah). Besaran remunerasi tersebut          million one hundred fifty-seven thousand two hundred
terdiri dari komponen gaji, tunjangan hari raya, fasilitas     fifteen Rupiah). The amount of remuneration consists of
kesehatan, bonus, dan faktor pajak. Secara keseluruhan         salary components, holiday allowances, health facilities,
total remunerasi Direksi dan Dewan Komisaris tahun 2025        bonuses, and tax factors. Overall, the total remuneration
sebesar Rp22.632.934.964 (dua puluh dua miliar enam ratus      of the Directors and the Board of Commissioners in 2025 is
tiga puluh dua juta sembilan ratus tiga puluh empat ribu       Rp22,632,934,964 (twenty-two billion six hundred thirty-two
sembilan ratus enam puluh empat Rupiah).                       million nine hundred thirty-four thousand nine hundred
                                                               sixty-four Rupiah).




                                                                                                       Regatta, Jakarta




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KOMITE AUDIT
AUDIT COMMITTEE

Pembentukan Komite Audit bertujuan untuk mendukung                    The establishment of the Audit Committee aims to assist the
Dewan Komisaris dalam memastikan penerapan tata kelola                duties of the Board of Commissioners in the implementation
perusahaan yang baik, memperkuat struktur pengendalian                of good corporate governance, as well as to establish an
internal, serta meningkatkan kualitas transparansi dan                internal control structure, improve the quality of disclosure,
pelaporan keuangan. Komite Audit juga melakukan evaluasi              and financial reporting. The Audit Committee conducting a
terhadap kinerja Akuntan Publik, termasuk ruang lingkup               review of the performance of the Public Accountant covering
penugasan, ketepatan waktu, independensi, objektivitas,               the scope of work, accuracy, independence, objectivity, and
dan metodologi audit yang digunakan.                                  audit methodology of the Public Accountant.


Pembentukan Komite Audit Perseroan merujuk pada                       The establishment of the Company's Audit Committee refers
Peraturan OJK No.55/POJK.04/2015 tentang Pembentukan                  to OJK Regulation No.55/POJK.04/2015 on the Establishment
dan Pedoman Pelaksanaan Kerja Komite Audit, serta Surat               and Implementation Guideline of the Audit Committee
Keputusan Dewan Komisaris. Tugas, tanggung jawab, dan                 and the Decree of the Board of Commissioners. The duties,
kewenangan Komite Audit telah diatur secara terperinci                responsibilities and authorities of the Audit Committee have
dan merujuk pada Piagam Komite Audit yang telah dimiliki              been regulated in detail and refer to the Audit Committee
Perseroan.                                                            Charter of the Company.

Persyaratan Komite Audit                                              Audit Committee Qualification
Persyaratan untuk menentukan keanggotaan Komite Audit                 The requirements for determining the membership of
berpedoman pada Piagam Komite Audit Perseroan antara                  the Audit Committee are guided by the Company's Audit
lain meliputi:                                                        Committee Charter include, among others:
1. Memiliki          integritas    yang   tinggi,    kemampuan,       1. Has high integrity, ability, knowledge, experience
     pengetahuan, pengalaman sesuai dengan bidang                        in accordance with the field of work and able to
     pekerjaannya serta mampu berkomunikasi dengan baik.                 communicate well.
2. Wajib memahami laporan keuangan, bisnis perusahaan                 2. Must understand financial statements, the Company's
     khususnya yang terkait dengan layanan jasa atau                     business, especially those related to Intiland's services or
     kegiatan usaha Intiland, proses audit, manajemen risiko             business activities, the audit process, risk management
     dan peraturan perundang-undangan di bidang pasar                    and laws and regulations in the capital market and other
     modal serta peraturan perundang-undangan terkait                    related laws and regulations.
     lainnya.
3. Wajib mematuhi kode etik Komite Audit yang ditetapkan              3. Must comply with the Audit Committee code of ethics
     oleh Perseroan.                                                     established by the Company.
4. Bersedia         meningkatkan     kompetensi     secara   terus-   4. Most    improve    competence      continuously    through
     menerus melalui pendidikan dan pelatihan.                           education and training.
5. Bukan merupakan orang dalam kantor akuntan publik,                 5. Not an insider of a public accounting firm, legal consulting
     kantor konsultan hukum, kantor jasa penilai publik                  firm, public appraisal service firm or other party that
     atau pihak lain yang memberi jasa assurance, jasa non-              provides assurance services, non-assurance services,
     assurance, jasa penilai dan/atau jasa konsultasi lain               appraisal services and/or other consulting services to the
     kepada Perseroan dalam waktu 6 (enam) bulan terakhir.               Company within the last 6 (six) months.
6. Bukan merupakan orang yang bekerja atau mempunyai                  6. Not a person who works or has the authority and
     wewenang dan tanggung jawab untuk merencanakan,                     responsibility to plan, lead, control, or supervise the
     memimpin, mengendalikan, atau mengawasi kegiatan                    activities of Intiland within the last 6 (six) months except
     Intiland dalam waktu 6 (enam) bulan terakhir kecuali                for the Independent Commissioner.
     Komisaris Independen.




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7. Tidak mempunyai saham Perseroan secara langsung               7. Does not own shares of the Company directly or indirectly.
   maupun tidak langsung.
8. Tidak mempunyai hubungan afiliasi dengan anggota              8. Has no affiliation with members of the Board of
   Dewan Komisaris, anggota Direksi atau pemegang                   Commissioners, members of the Board of Directors or
   saham utama Perseroan.                                           major shareholders of the Company.
9. Tidak mempunyai hubungan usaha baik langsung                  9. Has no direct or indirect business relationship related to
   maupun tidak langsung yang berkaitan dengan kegiatan             the Company's business activities.
   usaha Perseroan.


Informasi mengenai Piagam Komite Audit dapat di akses            Information regarding the Audit Committee Charter can be
pada situs web Perseroan (www.intiland.com).                     accessed on the Company's website (www.intiland.com).

Perubahan Susunan Komite Audit Intiland                          The Changes of Composition of Intiland's
                                                                 Audit Committee
Pada tahun 2025, terdapat perubahan susunan Komite Audit         In 2025, there was a change in the composition of the
berdasarkan hasil keputusan Dewan Komisaris. Susunan             Audit Committee based on the resolution of the Board of
Komite Audit per 31 Desember 2025 adalah sebagai berikut:        Commissioners. The composition of the Audit Committee as
                                                                 of 31 December 2025 is as follows:


        Nama                Jabatan             Masa Jabatan                      Dasar Hukum Pengangkatan
        Name                Position           Terms of Office                    Legal Basis of Appointment
Alexander S. Rusli            Ketua             2025 – 2030       Surat Keputusan Dewan Komisaris No. 094-SK/Intiland/CS/BOC/
                            Chairman                              VI/2025, tertanggal 24 Juni 2025.
                                                                  Decree of the Board of Commissioners No. 094-SK/Intiland/CS/
                                                                  BOC/VI/2025 dated June 24, 2025.
Fransiscus Alip             Anggota             2025 – 2030       Surat Keputusan Dewan Komisaris No. 094-SK/Intiland/CS/BOC/
                            Member                                VI/2025, tertanggal 24 Juni 2025.
                                                                  Decree of the Board of Commissioners No. 094-SK/Intiland/CS/
                                                                  BOC/VI/2025 dated June 24, 2025.
Atik Susanto                Anggota             2025 – 2030       Surat Keputusan Dewan Komisaris No. 094-SK/Intiland/CS/BOC/
                            Member                                VI/2025, tertanggal 24 Juni 2025.
                                                                  Decree of the Board of Commissioners No. 094-SK/Intiland/CS/
                                                                  BOC/VI/2025 dated June 24, 2025.




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Profil Komite Audit                                                         Audit Committee Profile




                                                                 Alexander S. Rusli
                                                                    Ketua Komite Audit
                                                                    Audit Committee Chairman

                                                                 Warga Negara Indonesia
                                                                 Indonesian Citizen
                                                                 54 Tahun
                                                                 54 Years Old

                                                                 Domisili : Jakarta
                                                                 Domicile : Jakarta




   Riwayat Pendidikan              • 2000 Doktor Filsafat bidang Sistem Informasi,        • 2000 Doctor of Philosophy (Ph.D) in Information
   Educational Background            Curtin University of Technology, Perth, Australia      System, Curtin University of Technology, Perth,
                                                                                            Australia
                                   • 1993 Sarjana Perdagangan bidang Sistem               • 1993 Bachelor of Commerce (Hons) in
                                     Informasi, Curtin University of Technology,            Information System, Curtin University of
                                     Perth, Australia                                       Technology, Perth, Australia
                                   • 1992 Sarjana Bisnis bidang Sistem Informasi,         • 1992 Bachelor of Business in Information
                                     Curtin University of Technology, Perth, Australia      System, Curtin University of Technology, Perth,
                                                                                            Australia

   Pengalaman Kerja                • 2020 – 2025, Komisaris Independen PT Link Net        • 2020 - 2025, Independent Commissioner PT Link
   Professional Experience           Tbk                                                    Net Tbk
                                   • 2019 – 2025, Staf Ahli Menteri Keuangan untuk        • 2019 – 2025, Special Advisor for National
                                     Sistem Perpajakan Nasional Kementerian                 Taxation System to Finance Minister of the
                                     Keuangan Republik Indonesia                            Finance Ministry of Republic of Indonesia
                                   • 2019 – 2022, Komisaris PT Solusi Sinergi Digital     • 2019 – 2022, Commissioner PT Solusi Sinergi
                                                                                            Digital
                                   • 2018 – 2020, Chairman iFlix Indonesia                • 2018 – 2020, Chairman iFlix Indonesia
                                   • 2018 – 2019, Komisaris Independen PT Sarana          • 2018 – 2019, Independent Commissioner PT
                                     Menara Nusantara Tbk                                   Sarana Menara Nusantara Tbk
                                   • 2012 – 2017, Presiden Direktur PT Indosat Tbk        • 2012 – 2017, President Director PT Indosat Tbk
                                   • 2011 – 2013, Komisaris Independen PT Asuransi        • 2011 – 2013, Independent Commissioner PT
                                     Tugu Pratama Indonesia Tbk                             Asuransi Tugu Pratama Indonesia Tbk
                                   • 2010 – 2012, Komisaris Independen PT Indosat         • 2010 – 2012, Independent Commissioner PT
                                     Tbk                                                    Indosat Tbk
                                   • 2009 – 2012, Managing Director PT Northstar          • 2009 – 2012, Managing Director PT Northstar
                                     Pacific Capital                                        Pacific Digital
                                   • 2007 – 2009, Presiden Komisaris PT Geodipa           • 2007 – 2009, President Commissioner PT
                                     Energi                                                 Geodipa Energi
                                   • 2007 – 2009, Komisaris PT Kertas Kraft Aceh          • 2007–2009, Commissioner of PT Kertas Kraft
                                                                                            Aceh
                                   • 2007 – 2009, Komisaris PT Krakatau Steel Tbk         • 2007–2009, Commissioner of PT Krakatau Steel
                                                                                            Tbk
                                   • 2007 – 2009, Staf Ahli Kementerian Badan             • 2007–2009, Special Advisor to the Minister of
                                     Usaha Milik Negara (BUMN) Republik Indonesia           Ministry of State-Owned Enterprises Republic
                                                                                            of Indonesia
                                   • 2001–2007, Staf Ahli Kementerian Komunikasi          • 2001–2007, Special Advisor to Minister of
                                     dan Informatika Republik Indonesia                     Ministry of Communication and Informatics
                                                                                            Republic of Indonesia
                                   • 1997–2001,        Konsultan            Senior        • 1997     –    2001   Senior     Consultant     of
                                     PricewaterhouseCoopers Consulting Asia Pacific         PricewaterhouseCoopers Consulting Asia Pacific




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Dasar Hukum               Diangkat berdasarkan Surat Keputusan Dewan          Appointed based on the Decree of the Board of
Basis of Appointment      Komisaris PT Intiland Development Tbk No. 094-SK/   Commissioners of PT Intiland Development Tbk No.
                          Intiland/CS/BOC/VI/2025 tentang Pengangkatan        094-SK/Intiland/CS/BOC/VI/2025 on Appointment
                          Komite Audit PT Intiland Development Tbk.           of the Audit Committee of PT Intiland Development
                                                                              Tbk.

Periode Jabatan           Periode ke-1                                        First Period
Term of Office

Masa Jabatan              2025 – 2030                                         2025 - 2030
Tenure

Rangkap Jabatan           • 2025 – sekarang, Komisaris Independen PT          • 2025 – present, Independent Commissioner of
Concurrent Position         Intiland Development Tbk                            PT Intiland Development Tbk
                          • 2021 – sekarang, Komisaris Independen PT          • 2021 – present, Independent Commissioner PT
                            Multipolar Tbk                                      Multipolar Tbk
                          • 2024 – sekarang, Country Head PT ARES             • 2024 – present, Country Head PT ARES
                            Management Asia Indonesia (ARES Private             Management Asia Indonesia (ARES Private
                            Equity)                                             Equity)
                          • 2022 – sekarang, Advisor PT WIR Asia Tbk          • 2022 – present, Advisor PT WIR Asia Tbk
                          • 2022 – sekarang, Advisor PT Inclusive Finance     • 2022 – present, Advisor PT Inclusive Finance
                            Group (“Danacita”)                                  Group (“Danacita”)
                          • 2022 – sekarang, Komisaris PT Sumitomo            • 2022 – present, Commissioner PT Sumitomo
                            Indonesia                                           Indonesia
                          • 2021 – sekarang, Komisaris Independen PT          • 2021 – present, Independent Commissioner PT
                            Cisarua Mountain Dairy Tbk                          Cisarua Mountain Dairy Tbk
                          • 2018, Co-founder PT Digi Asia Bios                • 2018, Co-founder PT Digi Asia Bios
                          • 2018 – sekarang, Komisaris Independen PT          • 2018 – present, Independent Commissioner PT
                            Unilever Indonesia Tbk                              Unilever Indonesia Tbk
                          • 2018 – sekarang, Komisaris Independen PT          • 2018 – present, Independent Commissioner PT
                            Medikaloka Hermina Tbk                              Medikaloka Hermina Tbk
                          • 2014 – sekarang, Chairman WWF Indonesia           • 2014 – present, Chairman WWF Indonesia
                            Foundation                                          Foundation

Hubungan Afiliasi         Tidak ada hubungan afiliasi.                        No Affiliate relationship.
Affiliate Relationship




Annual Report 2025 Laporan Tahunan                                                            PT Intiland Development Tbk            241
Page 242
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                                                                  Fransiscus Alip
                                                                    Anggota Komite Audit
                                                                    Audit Committee Member

                                                                  Warga Negara Indonesia
                                                                  Indonesian Citizen
                                                                  50 Tahun
                                                                  50 Years Old

                                                                  Domisili : Jakarta
                                                                  Domicile : Jakarta




   Riwayat Pendidikan              • 2013: Master of Business and Administration,          • 2013: Master of Business and Administration,
   Educational Background            Kellogg School of Management, Northwestern              Kellogg School of Management, Northwestern
                                     University dan The Hong Kong University of              University and The Hong Kong University of
                                     Science and Technology.                                 Science and Technology.
                                   • 2007: Pendidikan Profesi Akuntan (PPAK),              • 2007: Professional Accountant Education
                                     Universitas Trisakti, Jakarta.                          (PPAK), Trisakti University, Jakarta.
                                   • 2004: Australian Chartered Accountant, Sydney,        • 2004: Australian Chartered Accountant, Sydney,
                                     Australia.                                              Australia.
                                   • 1998: Sarjana Ekonomi jurusan Akuntansi dari          • 1998: Bachelor of Economics majoring in
                                     Universitas Trisakti, Jakarta.                          Accounting from Trisakti University, Jakarta.

   Pengalaman Kerja                • 2013 – 2023, Komite Audit PT Baramulti                • 2013 – 2023, Audit Committee PT Baramulti
   Professional Experience           Suksessarana Tbk                                        Suksessarana Tbk
                                   • 1999 – 2007, Audit Assurance Ernst & Young –          • 1999 – 2007, Assurance Audit Ernst & Young –
                                     Jakarta, Sydney dan London.                             Jakarta, Sydney, and London.
                                   • 1998 – 1999, Audit Assurance Arthur Andersen,         • 1998 – 1999, Assurance Audit Arthur Andersen,
                                     Jakarta.                                                Jakarta.

   Dasar Hukum                     Diangkat berdasarkan Surat Keputusan Dewan              Appointed based on the Decree of the Board of
   Basis of Appointment            Komisaris PT Intiland Development Tbk No. 094-SK/       Commissioners of PT Intiland Development Tbk No.
                                   Intiland/CS/BOC/VI/2025 tentang Pengangkatan            094-SK/Intiland/CS/BOC/VI/2025 on Appointment
                                   Komite Audit PT Intiland Development Tbk.               of the Audit Committee of PT Intiland Development
                                                                                           Tbk.

   Periode Jabatan                 Periode ke-2                                            Second Period
   Term of Office

   Masa Jabatan                    2025 – 2030                                             2025 - 2030
   Tenure

   Rangkap Jabatan                 • 2024 – sekarang, Komisaris Independen PT              • 2024 – present, Independent Commissioner of
   Concurrent Position               JACCS MPM Finance Indonesia                             PT JACCS MPM Finance Indonesia
                                   • 2011 – sekarang, Direktur dan Partner AJ Capital      • 2011 – present, Director and Partner AJ Capital
                                     Advisory.                                               Advisory.

   Hubungan Afiliasi               Tidak ada hubungan afiliasi.                            No Affiliate relationship.
   Affiliate Relationship




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                                                         Atik Susanto
                                                           Anggota Komite Audit
                                                           Audit Committee Member

                                                         Warga Negara Indonesia
                                                         Indonesian Citizen
                                                         54 Tahun
                                                         54 Years Old

                                                         Domisili : Jakarta
                                                         Domicile : Jakarta




Riwayat Pendidikan        • 2003, Sarjana Hukum dari Universitas Katolik          • 2003, Bachelor of Law, from Atmajaya Catholic
Educational Background      Atmajaya, Jakarta.                                      University, Jakarta.
                          • 1994, Master of Business and Administration           • 1994, Master of Business and Administration
                            dari University of South Alabama.                       from University of South Alabama.
                          • 1993, Bachelor of Science dari University of          • 1993, Bachelor of Science dari University of
                            South Alabama.                                          South Alabama.

Pengalaman Kerja          • 2015–2018, Partner, Oentoeng Suria & Partners         • 2015 – 2018, Partner, Oentoeng Suria & Partners
Professional Experience     (Association with Ashurst)                              (Association with Ashurst).
                          • 2009–2015, Pendiri & Managing Partners,               • 2009 – 2015, Founding & Managing Partners,
                            Susanto & Partners.                                     Susanto & Partners.
                          • 2003, Senior Associate, Bahar & Partners.             • 2003, Senior Associate, Bahar & Partners.
                          • 1995-1999, Analis, PT Merrill Lynch Indonesia.        • 1995-1999, Analyst, PT Merrill Lynch Indonesia.
                          • 1994-1995, Analis, PT Kapita Sekurindo (Smith         • 1994-1995, Analyst, PT Kapita Sekurindo (Smith
                            New Court Indonesia).                                   New Court Indonesia).

Dasar Hukum               Diangkat berdasarkan Surat Keputusan Dewan              Appointed based on the Decree of the Board of
Basis of Appointment      Komisaris PT Intiland Development Tbk No. 094-SK/       Commissioners of PT Intiland Development Tbk No.
                          Intiland/CS/BOC/VI/2025 tentang Pengangkatan            094-SK/Intiland/CS/BOC/VI/2025 on Appointment
                          Komite Audit PT Intiland Development Tbk.               of the Audit Committee of PT Intiland Development
                                                                                  Tbk.

Periode Jabatan           Periode ke-2                                            Second Period
Term of Office

Masa Jabatan              2025 – 2030                                             2025 - 2030
Tenure

Rangkap Jabatan           • 2023 – sekarang, Anggota Komite Audit di PT           • 2023 – present, Member of Audit committee at
Concurrent Position         Menteng Heritage Realty Tbk.                            PT Menteng Heritage Realty Tbk.
                          • 2018 – sekarang, Pendiri & Managing Partners,         • 2018 – present, Founding & Managing Partners,
                            Susanto & Partners.                                     Susanto & Partners.

Hubungan Afiliasi         Tidak ada hubungan afiliasi.                            No Affiliate relationship.
Affiliate Relationship




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Independensi Komite Audit                                          Audit Committee Independence
Anggota        Komite       Audit   Perseroan   telah   memenuhi   The members of the Company's Audit Committee have
persyaratan independensi yang merupakan bagian dari                met the independence requirements, which are part of the
penerapan prinsip-prinsip tata kelola perusahaan yang              implementation of Good Corporate Governance principles.
baik. Seluruh anggota Komite Audit telah mematuhi                  All members of the Audit Committee have complied with the
kriteria independensi sebagaimana diatur dalam POJK                independence criteria listed in POJK No. 55/POJK.04/2015
No. 55/POJK.04/2015 tentang Pembentukan dan Pedoman                concerning the formation and guidelines for the Work
Pelaksanaan Kerja Komite Audit, serta telah menandatangani         Implementation of the Audit Committee and have signed
dan menyerahkan surat pernyataan independensi kepada               and submitted a statement of independence to the Company.
Perseroan.


Selama menjalankan tugas, fungsi, dan tanggung jawabnya,           In carrying out its duties, functions, and responsibilities, the
Komite        Audit      diwajibkan    untuk    mempertahankan     Audit Committee is required to maintain its independence as
independensinya sebagai aspek integral dari kewajiban              an integral aspect of the Committee's moral obligations. All
moral Komite Audit. Seluruh anggota Komite Audit Intiland          members of the Audit Committee are not affiliated with the
tidak memiliki afiliasi dengan Direksi, Dewan Komisaris,           Board of Directors, Board of Commissioners, or Controlling
maupun Pemegang Saham Pengendali Perseroan, serta                  Shareholders of the Company, and are not shareholders of
bukan merupakan Pemegang Saham Perseroan.                          the Company.

Pelatihan dan/atau Peningkatan Kompetensi                          Training and/or Competency Enhancement
Komite Audit                                                       for the Audit Committee
Pelatihan dan pengembangan kompetensi Komite Audit                 Training and the development of the Company's Audit
Perusahaan dijalankan dengan cara mengikuti program                Committee's competencies is carried out by participating in
pengembangan yang diselenggarakan Perseroan maupun                 development programs organized by the Company, as well
berbagai acara dan kegiatan pelatihan, seminar, lokakarya,         as various events and activities such as training, seminars,
dan konferensi yang relevan dengan tugas Komite Audit.             workshops, and conferences that are relevant to the Audit
Perincian kegiatan-kegiatan tersebut tercantum pada bab            Committee's duties. Details of these activities are listed in
Profil Perusahaan dalam Laporan Tahunan ini.                       the Company Profile section of this Annual Report.

Piagam Komite Audit                                                Audit Committee’s Charter
Piagam Komite Audit merupakan pedoman bagi Komite                  The Audit Committee Charter serves as a guideline for the
Audit dalam melaksanakan tugas dan tanggung jawabnya,              Audit Committee in carrying out its duties and responsibilities.
Piagam ini secara garis besar sudah menjabarkan visi, misi,        This Charter broadly outlines the vision, mission, objectives,
tujuan, pembentukan, persyaratan, struktur, tugas, tanggung        formation, requirements, structure, duties, responsibilities,
jawab dan wewenang, kode etik, pelaporan Komite Audit,             and authority, code of ethics, reporting of the Audit
masa tugas, dan hubungan kerja.                                    Committee, term of office, and working relationships.


Piagam Komite Audit dapat diakses di situs web Intiland            The Audit Committee Charter can be accessed on the
(www.intiland.com).                                                Company’s website (www.intiland.com).

Tugas, Tanggung Jawab, dan Wewenang                                Duties, Responsibilities, and Authority
Tugas dan Tanggung Jawab:                                          Duties and Responsibilities:
1. Melakukan penelaahan atas informasi keuangan yang               1. Ensuring the financial information to be issued by
     akan dikeluarkan PT Intiland Development Tbk kepada              PT Intiland Development Tbk to the Public and/or
     publik dan/atau pihak otoritas lain, termasuk laporan            other authorities, including the financial statements,
     keuangan, proyeksi dan laporan lainnya yang terkait              projections and other reports relevant to the financial
     dengan informasi keuangan PT Intiland Development                information of PT Intiland Development Tbk.
     Tbk.




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2. Melakukan       penelaahan    atas   ketaatan     terhadap     2. Ensuring the activities of PT Intiland Development Tbk
   peraturan perundang-undangan yang berhubungan                     comply with the laws and regulations.
   dengan kegiatan PT Intiland Development Tbk.
3. Memberikan pendapat independen dalam hal terjadi               3. Providing independent opinion in the event of dissenting
   perbedaan pendapat antara manajemen dan Akuntan                   opinion between the management and accountant on
   atas jasa yang diberikan.                                         the provided services.
4. Memberikan rekomendasi kepada Dewan Komisaris                  4. Providing     recommendations       to     the      Board        of
   mengenai penunjukan Akuntan Publik yang didasarkan                Commissioners      on    the    appointment         of     Public
   pada independensi, ruang lingkup penugasan dan                    Accountants by considering factors of independency,
   imbalan jasa.                                                     scope of assignment and compensation.
5. Melakukan penelaahan atas pelaksanaan pemeriksaan              5. Ensuring the audit activity performed by the internal
   oleh auditor internal dan mengawasi pelaksanaan tindak            auditors and overseeing the follow-up activities by the
   lanjut oleh Direksi atas temuan auditor internal.                 Board of Directors on internal auditor’s findings.
6. Melakukan penelaahan terhadap aktivitas pelaksanaan            6. Overseeing the risk management activities conducted by
   manajemen risiko yang dilakukan oleh Direksi, apabila             the Directors, if PT Intiland Development Tbk has no risk
   PT Intiland Development Tbk tidak memiliki fungsi                 monitoring function under the Board of Commissioners.
   pemantau risiko di bawah Dewan Komisaris.
7. Menelaah pengaduan yang berkaitan dengan proses                7. Studying the grievances related to the financial
   akuntansi    dan    pelaporan   keuangan     PT     Intiland      accounting and reporting processes of PT Intiland
   Development Tbk.                                                  Development Tbk.
8. Menelaah dan memberikan saran kepada Dewan                     8. Studying and providing advice to the Board of
   Komisaris terkait dengan adanya potensi benturan                  Commissioners regarding any potential conflict of
   kepentingan PT Intiland Development Tbk.                          interest within PT Intiland Development Tbk.
9. Menjaga kerahasiaan dokumen, data, dan informasi PT            9. Maintaining the confidentiality of documents, data and
   Intiland Development Tbk.                                         information of PT Intiland Development Tbk.


Wewenang:                                                         Authorities:
1. Mengakses dokumen, data, dan informasi PT Intiland             1. Access to required documents, data and information of
   Development Tbk tentang karyawan, dana, aset dan                  PT Intiland Development Tbk on its employees, funds,
   sumber daya perusahaan yang diperlukan.                           assets and resources.
2. Berkomunikasi langsung dengan karyawan, termasuk               2. Access to direct communication with employees,
   Direksi dan pihak yang menjalankan fungsi audit                   including the Directors and parties responsible for
   internal, manajemen risiko, dan Akuntan terkait tugas             conducting the internal audit and risk management
   dan tanggung jawab Komite Audit.                                  functions, as well as Accountants in relation to the duties
                                                                     and responsibilities of Audit Committee.
3. Melibatkan pihak independen di luar anggota Komite             3. Inviting independent parties outside of the Audit
   Audit yang diperlukan untuk membantu pelaksanaan                  Committee to assist their performing their duty (if
   tugasnya (jika diperlukan).                                       necessary).
4. Melakukan kewenangan lain yang diberikan oleh Dewan            4. Executing other authority as assigned by the Board of
   Komisaris.                                                        Commissioners.

Frekuensi dan Tingkat Kehadiran Rapat                             Frequency and Attendance Level
Merujuk Peraturan OJK No. 55/POJK.04/2015 serta Piagam            Referring to OJK Regulation No. 55/POJK.04/2015 and the
Komite Audit Perseroan, mengatur bahwa Rapat Komite               Company’s Audit Committee Charter, it is stipulated that
Audit diselenggarakan minimal 1 (satu) kali setiap kuartal.       the Audit Committee meetings are held at least once every
                                                                  quarter.




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Komite Audit menjadwalkan rapat untuk membahas hasil                            The Audit Committee schedules a meeting every month
audit dari Audit Internal Perseroan setiap bulan. Seluruh                       to discuss the results of the audit from the Company’s
tata cara penyelenggaraan rapat telah diatur secara rinci                       Internal Audit. All procedures for holding meetings have
dalam Piagam Komite Audit Perseroan termasuk mengenai                           been regulated in detail in the Company’s Audit Committee
hasil rapat yang wajib dituangkan ke dalam risalah rapat                        Charter, including the requirement that meeting results
yang ditandatangani seluruh anggota Komite Audit dan                            must be documented in meeting minutes, which are signed
disampaikan kepada Dewan Komisaris.                                             by all members of the Audit Committee and submitted to
                                                                                the Board of Commissioners.


Pada tahun 2025, Komite Audit mengadakan rapat sebanyak                         In 2025, the Audit Committee held 12 meetings with 100%
12 kali dengan tingkat kehadiran 100 persen dari seluruh                        attendance rate.
anggotanya.


                                   Nama                                  Jumlah Rapat                 Jumlah Kehadiran                 Presentase
                                   Name                                  Total Meeting                 Total Attendance                Percentage
 Friso Palilingan*                                                              5                              5                          100%
 Alexander S. Rusli**                                                           7                              7                          100%
 Fransiscus Alip                                                               12                              12                         100%
 Atik Susanto                                                                  12                              12                         100%

*) Bapak Friso Palilingan menjadi anggota Komite Audit hingga 28 Mei 2025 sehingga jumlah rapat yang dicatat adalah pada saat beliau masih menjadi anggota
Komite Audit Perseroan.
Mr. Friso Palilingan was the member of Audit Committee until May 28, 2025, the recorded total number of meetings attended was when he was still a member of
the Company's Audit Committee.
**) Bapak Alexander S. Rusli mulai mengikuti Rapat Komite Audit sejak 28 Mei 2025, sehingga jumlah rapat yang dicatat adalah sejak beliau menjadi anggota
Komite Audit Perseroan.
Mr. Alexander S. Rusli began attending The Audit Committee Meeting since May 28, 2025, the total number of meetings recorded is since he became a member of
The Audit Committee of the Company.



Agenda Rapat                                                                    Meeting Agenda
Hingga       31     Desember            2025,   Komite     Audit     telah      Until December 31, 2025, the Audit Committee has held
menyelenggarakan rapat dengan jadwal dan perincian                              meetings with the following agenda details:
agenda sebagai berikut:


          Tanggal                                     Agenda Rapat                                                  Meeting Agenda
           Date

  31 Januari 2025                  1. Laporan Kegiatan Audit Internal Perseroan bulan       1. The Company's Internal Audit Activity Report for the
  January 31, 2025                    Desember 2024.                                           month of December 2024.
                                   2. Evaluasi Piagam Komite Audit dan Internal Audit.      2. Evaluation of the Audit Committee and Internal
                                                                                               Audit Charter.
                                   3. Pengesahan risalah rapat sebelumnya.                  3. Ratification of the minutes of the previous meeting.

  24 Februari 2025                 1. Laporan Kegiatan Audit Internal Perseroan bulan       1. The Company's Internal Audit Activity Report for the
  February 24, 2025                   Januari 2025.                                            month of January 2025.
                                   2. Pengesahan risalah rapat sebelumnya.                  2. Ratification of the minutes of the previous meeting.

  21 Maret 2025                    1. Laporan Kegiatan Audit Internal Perseroan bulan       1. The Company's Internal Audit Activity Report for the
  March 21, 2025                      Februari 2025.                                           month of February 2025.
                                   2. Penelaahan Laporan Keuangan Tahunan.                  2. Review of Annual Financial Statements.
                                   3. Pengesahan risalah rapat sebelumnya.                  3. Ratification of the minutes of the previous meeting.

  29 April 2025                    1. Laporan Kegiatan Audit Internal Perseroan bulan       1. The Company's Internal Audit Activity Report for the
  April 29, 2025                      Maret 2025.                                              month of March 2025.
                                   2. Penelaahan Laporan Keuangan Triwulan I 2025.          2. Review of Financial Statements for the First Quarter
                                                                                               of 2025.
                                   3. Pengesahan risalah rapat sebelumnya.                  3. Ratification of the minutes of the previous meeting.




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        Tanggal                             Agenda Rapat                                             Meeting Agenda
         Date

 20 Mei 2025            1. Laporan Kegiatan Audit Internal Perseroan bulan        1. The Company's Internal Audit Activity Report for the
 May 20, 2025              April 2025.                                               month of April 2025.
                        2. Evaluasi Pemberian Jasa Akuntan Publik (AP) dan        2. Evaluation of the Public Accountant and Public
                           Kantor Akuntan Publik (KAP).                              Accounting Firm Services.
                        3. Pengesahan risalah rapat sebelumnya.                   3. Ratification of the minutes of the previous meeting.

 24 Juni 2025           1. Laporan Kegiatan Audit Internal Perseroan bulan Mei    1. The Company's Internal Audit Activity Report for the
 June 24, 2025             2025.                                                     month of May 2025.
                        2. Pengesahan risalah rapat sebelumnya.                   2. Ratification of the minutes of the previous meeting.

 29 Juli 2025           1. Laporan Kegiatan Audit Internal Perseroan bulan        1. The Company's Internal Audit Activity Report for the
 July 29, 2025             Juni 2025.                                                month of June 2025.
                        2. Penelaahan Laporan Keuangan Triwulan II 2025.          2. Review of Financial Statements for the Second
                                                                                     Quarter of 2025.
                        3. Pengesahan risalah rapat sebelumnya.                   3. Ratification of the minutes of the previous meeting.

 26 Agustus 2025        1. Laporan Kegiatan Audit Internal Perseroan bulan Juli   1. The Company's Internal Audit Activity Report for the
 August 26, 2025           2025.                                                     month of July 2025.
                        2. Pembahasan Implementasi Manajemen Risiko.              2. Discussion of risk management implementation.
                        3. Pengesahan risalah rapat sebelumnya.                   3. Ratification of the minutes of the previous meeting.

 23 September 2025      1. Laporan Kegiatan Audit Internal Perseroan bulan        1. The Company's Internal Audit Activity Report for the
 September 23, 2025        Agustus 2025.                                             month of August 2025.
                        2. Rekomendasi Penunjukan AP dan KAP.                     2. Recommendation for Public Accountant and Public
                        3. Pengesahan risalah rapat sebelumnya.                      Accounting Firm Services Appointment.
                                                                                  3. Ratification of the minutes of the previous meeting.

 28 Oktober 2025        1. Laporan Kegiatan Audit Internal Perseroan bulan        1. The Company's Internal Audit Activity Report for the
 October 28, 2025          September 2025.                                           month of September 2025.
                        2. Penelaahan Laporan Keuangan Triwulan III 2025.         2. Review of Financial Statements for the Third Quarter
                        3. Pengesahan risalah rapat sebelumnya.                      of 2025.
                                                                                  3. Ratification of the minutes of the previous meeting.

 25 November 2025       1. Laporan Kegiatan Audit Internal Perseroan bulan        1. The Company's Internal Audit Activity Report for the
 November 25, 2025         Oktober 2025.                                             month of October 2025.
                        2. Pembahasan Rencana Kerja Komite Audit Tahun            2. Discussion of Audit Committee Work Plan for 2026.
                           2026.
                        3. Pengesahan risalah rapat sebelumnya.                   3. Ratification of the minutes of the previous meeting.

 9 Desember 2025        1. Laporan Kegiatan Audit Internal Perseroan bulan        1. The Company's Internal Audit Activity Report for the
 December 9, 2025          November 2025.                                            month of November 2025.
                        2. Evaluasi Program Kerja Komite Audit 2025.              2. Evaluation of Audit Committee Work Program 2025.
                        3. Pengesahan risalah rapat sebelumnya.                   3. Ratification of the minutes of the previous meeting.




Pelaksanaan Tugas Komite Audit tahun 2025                              Implementation of Audit Committee Duties
                                                                       in 2025
Komite Audit di tahun 2025 menyelenggarakan rapat-                     During 2025, the Audit Committee held meetings with
rapat dengan Dewan Komisaris, Direksi, Internal Audit,                 the Board of Commissioners, the Directors, Internal Audit,
maupun dengan divisi terkait. Pada penyelenggaraan rapat-              and relevant divisions. During these meetings, the Audit
rapat tersebut antara lain menelaah laporan keuangan                   Committee reviewed the Company's financial reports,
Perusahaan,       membahas   langkah-langkah       peningkatan         discussed measures to improve oversight and internal
pengawasan dan pengendalian internal, mengevaluasi                     controls, evaluated risk management, and assessed
manajemen risiko, dan menilai aspek ketaatan terhadap                  compliance with corporate governance principles.
prinsip tata Kelola Perusahaan.


Berikut pelaksanaan tugas dan tanggung jawab Komite                    The following are the duties and responsibilities of the Audit
Audit pada tahun 2025:                                                 Committee in 2025:
1. Melakukan penelaahan atas informasi keuangan yang                   1. Ensured the financial information to be issued by
   akan dikeluarkan PT Intiland Development Tbk kepada                     PT Intiland Development Tbk to the Public and/or
   Publik dan/atau pihak otoritas lain, termasuk laporan                   other authorities, including the financial statements,




  Annual Report 2025 Laporan Tahunan                                                                PT Intiland Development Tbk           247
Page 248
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     keuangan, proyeksi, dan laporan lainnya yang terkait                      projections and other reports relevant to the financial
     dengan informasi keuangan PT Intiland Development                         information     of   PT   Intiland   Development      Tbk.
     Tbk.
2. Melaksanakan rapat bersama dengan audit internal                         2. Conducted joint meetings with internal audit and
     dan melakukan penelaahan atas temuan-temuan yang                          conducted a review of existing findings and identified
     ada serta mengidentifikasi langkah-langkah yang harus                     steps that were taken in order to follow up on all findings
     diambil dalam rangka menindaklanjuti segala temuan                        at the head office as well as in each of the Company's
     yang ada di kantor pusat maupun di masing-masing                          projects and business units, including the internal control
     proyek maupun bisnis unit Perseroan, termasuk sistem                      system and risk management.
     kontrol internal dan manajemen risikonya.
3. Memberikan             laporan         dan      rekomendasi     kepada   3. Provided reports and recommendations to the Board of
     Dewan Komisaris mengenai hal-hal yang dinilai perlu                       Commissioners on matters deemed to be important as
     untuk dilakukan sebagai langkah antisipasi maupun                         steps to anticipate and mitigate risks.
     penanggulangan risiko yang sudah muncul.
4. Menelaah penerapan pengendalian internal serta kinerja                   4. Reviewed the implementation of internal control and the
     dan prosedur dari auditor internal.                                       performance and procedures of the internal auditors.
5. Melakukan komunikasi dengan Kantor Akuntan Publik                        5. Communicated with the Public Accounting Firm
     yang ditunjuk oleh Perseroan, dalam hal ini KAP Mirawati                  appointed by the Company, namely KAP Mirawati Sensi
     Sensi Idris secara teratur guna mendiskusikan rencana                     Idris, regularly to discuss plans and progress of periodic
     dan progres audit secara berkala yang dilakukan terkait                   audits conducted related to the results of the Company's
     dengan hasil laporan Keuangan Konsolidasian Perseroan.                    Consolidated Financial reports.
6. Melaksanakan evaluasi atas pemberian jasa Kantor                         6. Evaluated the delivery of Public Accounting Firm services
     Akuntan        Publik         atas    audit     laporan     keuangan      on the audit of the Company's and its subsidiaries
     konsolidasian Perseroan dan entitas anak tahun berjalan                   consolidated financial statements for the current year
     dan memberikan rekomendasi penunjukan Kantor                              and provided recommendations for the appointment
     Akuntan Publik untuk melaksanakan audit laporan                           of a Public Accounting Firm to carry out an audit of the
     keuangan konsolidasian Perseroan dan entitas anak                         Company’s, and its subsidiaries consolidated financial
     tahun berikutnya.                                                         statements for the following year.
7. Memberikan masukan dan update mengenai standar                           7. Provided input and updates on accounting standards,
     akuntansi, pajak, dan peraturan yang berkaitan dengan                     taxes and regulations related to the Company during the
     Perseroan selama tahun berjalan.                                          current year.
8. Melaksanakan rapat dengan sejumlah divisi Perseroan                      8. Conducted meetings with several divisions in order to
     dalam rangka menindaklanjuti atas temuan-temuan dari                      follow-up on findings from internal audits and identify
     Audit Internal serta mengidentifikasi langkah-langkah                     corrective steps taken to improve the quality of internal
     perbaikan yang ditempuh dalam rangka meningkatkan                         control.
     mutu kontrol internal.
9. Melakukan penelaahan dan memberikan rekomendasi                          9. Conducted a review and provided recommendations
     atas Piagam Komite Audit dan Piagam Audit Internal                        on the Audit Committee Charter and the Internal Audit
     Perseroan.                                                                Charter of the Company.




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KOMITE NOMINASI DAN REMUNERASI
NOMINATION AND REMUNERATION COMMITTEE

Komite Nominasi dan Remunerasi Perusahaan dibentuk           The Nomination and Remuneration Committee is formed
dan bertugas untuk membantu Dewan Komisaris dalam            and tasked with assisting the Board of Commissioner
melaksanakan tugas dan fungsinya yang berkaitan dengan       in carrying out its functions and duties related to the
nominasi dan remunerasi anggota Direksi dan Dewan            nomination and remuneration of the members of the
Komisaris, termasuk rencana suksesi. Komite ini didirikan    Directors and the Board of Commissioners, as well as
pada 2 Maret 2015 berdasarkan Surat Keputusan Dewan          succession planning. PT Intiland Development Tbk officially
Komisaris PT Intiland Development Tbk Nomor 001-SK/BOC/      established the Nomination and Remuneration Committee
Intiland/CS/III/2015 tentang Pembentukan Komite Nominasi     on March 2, 2015, pursuant to the Board of Commissioner
dan Remunerasi.                                              Decision Letter No.001-SK/BOC/Intiland/CS/III/2015 on
                                                             the Establishment of Nomination and Remuneration
                                                             Committee.


Komite Nominasi dan Remunerasi Perseroan bertanggung         The Nomination and Remuneration Committee of the
jawab langsung kepada Dewan Komisaris dan juga               Company is directly responsible to the Board of Commissioners
memiliki tugas untuk memberikan rekomendasi terkait          and is tasked with providing recommendations related to
aspek ketenagakerjaan, nominasi,       dan remunerasi yang   employment, nomination, and remuneration, based on the
berpedoman pada prinsip-prinsip GCG serta mengutamakan       principles of GCG, while prioritizing the Company's most
tujuan terpenting Perseroan.                                 important objectives.

Fungsi Nominasi                                              Nomination function
Tugas dan fungsi Komite Nominasi dan Remunerasi di           The duties and functions of the Nomination and
bidang nominasi antara lain sebagai berikut:                 Remuneration Committee in the nomination area are as
                                                             follows:
1. Memberikan rekomendasi kepada Dewan Komisaris             1. To      provide   recommendations      to    the     Board       of
   mengenai:                                                    Commissioners on matters related to:
   a. Komposisi jabatan anggota Direksi dan/atau anggota        a. The composition of the members of the Directors
       Dewan Komisaris;                                              and/or the Board of Commissioners;
   b. Kebijakan dan kriteria yang dibutuhkan dalam proses       b. The policy and criteria required for the nomination
       nominasi;                                                     process;
   c. Kebijakan evaluasi kinerja bagi anggota Direksi dan/      c. The policy of performance assessment of members
       atau anggota Dewan Komisaris;                                 of the Directors and/or the Board of Commissioners;
2. Membantu Dewan Komisaris melakukan penilaian              2. To assist the Board of Commissioners in assessing the
   terhadap kinerja anggota Direksi dan/atau anggota            performance of the members of the Directors and/or the
   Dewan Komisaris berdasarkan ketentuan dan tolak ukur         Board of Commissioners based on the benchmarks set as
   yang disusun sebagai bahan evaluasi;                         the materials for assessment;
3. Memberikan rekomendasi kepada Dewan Komisaris             3. To      provide   recommendation      to     the     Board       of
   mengenai       program   pengembangan       kemampuan        Commissioners on the capacity building program for
   anggota Direksi dan/atau anggota Dewan Komisaris; dan        the members of the Directors and/or the Board of
                                                                Commissioners; and
4. Memberikan usulan calon yang memenuhi syarat              4. To recommend candidates who meet the requirements
   sebagai anggota Direksi dan/atau anggota Dewan               to be the members of the Directors and/or the Board
   Komisaris kepada Dewan Komisaris untuk disampaikan           of Commissioners to the Board of Commissioners to be
   kepada Rapat Umum Pemegang Saham (RUPS).                     then submitted to the General Meeting of Shareholders
                                                                (GMS).




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Fungsi Remunerasi                                                        Remuneration Function
Tugas dan fungsi Komite Nominasi dan Remunerasi di                       The duties and functions of the Nomination and
bidang remunerasi antara lain sebagai berikut:                           Remuneration Committee in the remuneration area are as
                                                                         follows:
1. Memberikan rekomendasi kepada Dewan Komisaris                         1. To      provide   recommendations       to     the     Board   of
     mengenai:                                                              Commissioners on matters pertaining to:
     a. Struktur remunerasi;                                                a. The remuneration structure;
     b. Kebijakan atas remunerasi; dan                                      b. Policies on the remuneration; and
     c. Besaran atas remunerasi.                                            c. Remuneration scale.
2. Membantu             Dewan      Komisaris   dalam    melakukan        2. To assist the Board of Commissioners to conduct
     penilaian kinerja dengan kesesuaian remunerasi yang                    performance assessments against the amount of
     diterima masing-masing anggota Direksi dan/atau                        remuneration for each member of the Board of Directors
     anggota Dewan Komisaris.                                               and/or the Board of Commissioners.

Struktur dan Komposisi Komite Nominasi dan                               The Structure and Composition of The
Remunerasi                                                               Nomination and Remuneration Committee
Pada tahun 2025, terdapat perubahan susunan Komite                       In 2025, there has been a change in the composition of
Nominasi dan Remunerasi berdasarkan hasil keputusan                      Intiland's   Nomination      and   Remuneration          Committee
Dewan        Komisaris.        Susunan   Komite   Nominasi      dan      based on the decision of the Board of Commissioners.
Remunerasi per 31 Desember 2025 sebagai berikut:                         The composition of the Nomination and Remuneration
                                                                         Committee as of December 31, 2025 is as follows:


           Nama                     Jabatan             Masa Jabatan                          Dasar Hukum Pengangkatan
           Name                     Position           Terms of Office                        Legal Basis of Appointment
 Dr. Sofyan A. Djalil,               Ketua              2025 – 2030       Surat Keputusan Dewan Komisaris No. 095-SK/BOC/Intiland/CS/
 SH.MA                             Chairman                               VI/2025, tertanggal 24 Juni 2025.
                                                                          Decree of the Board of Commissioners No. 095-SK/BOC/Intiland/
                                                                          CS/VI/2025 dated June 24, 2025.
 Sinarto Dharmawan                  Anggota             2025 – 2030       Surat Keputusan Dewan Komisaris No. 095-SK/BOC/Intiland/CS/
                                    Member                                VI/2025, tertanggal 24 Juni 2025.
                                                                          Decree of the Board of Commissioners No. 095-SK/BOC/Intiland/
                                                                          CS/VI/2025 dated June 24, 2025.
 Agoes              Denny           Anggota             2025 – 2030       Surat Keputusan Dewan Komisaris No. 095-SK/BOC/Intiland/CS/
 Atmodjojo                          Member                                VI/2025, tertanggal 24 Juni 2025.
                                                                          Decree of the Board of Commissioners No. 095-SK/BOC/Intiland/
                                                                          CS/VI/2025 dated June 24, 2025.



Profil Komite Nominasi dan Remunerasi                                    The Nomination and Remuneration
                                                                         Committee Profile
Keanggotaan Komite Nominasi dan Remunerasi meliputi                      The membership of the Nomination and Remuneration
satu orang Komisaris Independen sebagai ketua dan 2                      Committee consists of one Independent Commissioner as
orang anggota. Ketua Komite Nominasi dan Remunerasi                      chairman and 2 members. The chairman of the Nomination
merupakan Komisaris Independen Intiland, sedangkan                       and     Remuneration       Committee     is     an      Independent
anggotanya merupakan anggota Dewan Komisaris lainnya                     Commissioner of Intiland, while its members are other
yang tidak merangkap sebagai anggota komite lainnya yang                 members of the Board of Commissioners who do not serve
ada pada Perusahaan serta pihak yang menduduki jabatan                   as members of other committees in the Company as well
manajerial di bawah Direksi yang membidangi sumber daya                  as those in managerial positions reporting to the Board of
manusia. Berikut adalah profil dari masing-masing anggota                Directors who are responsible for human resources. The
Komite Nominasi dan Remunerasi:                                          following are the profiles of each member of the Nomination
                                                                         and Remuneration Committee:




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                                                       Dr. Sofyan A. Djalil, SH., MA.
                                                         Ketua Komite Nominasi dan Remunerasi
                                                         Chairman of Nomination and Remuneration Committee

                                                       Warga Negara Indonesia
                                                       Indonesian Citizen
                                                       72 Tahun
                                                       72 Years Old

                                                       Domisili : Jakarta
                                                       Domicile : Jakarta




Riwayat Pendidikan        • 1993 PhD Hukum dan Kebijakan Pasar Modal,           • 1993 PhD in Capital Market Law and Policy,
Educational Background      Fletcher School of Law and Diplomacy, Tufts           Fletcher School of Law and Diplomacy, Tufts
                            University, USA                                       University, USA
                          • 1992 Master of Arts dalam Hukum dan                 • 1992 Master of Arts in Law and Diplomacy, Tufts
                            Diplomasi, Tufts University, USA                      University, USA
                          • 1989 Master of Arts dalam Kebijakan Publik,         • 1989 Master of Arts in Public Policy, Tufts
                            Tufts University, USA                                 University, USA
                          • 1984 Sarjana Hukum Universitas Indonesia            • 1984 Bachelor of Law, University of Indonesia

Pengalaman Kerja          • 2023 – 2025, Wakil Komisaris Utama dan              •   2023 – 2025, Vice President Commissioner
Professional Experience     Komisaris Independen PT Intiland Development            and Independent Commissioner PT Intiland
                            Tbk, Komisaris Utama dan komisaris di sejumlah          Development Tbk, President Commissioner
                            perusahaan publik lainnya                               and Commissioner at several public companies
                          • 2016 – 2022, Menteri Agraria dan Tata Ruang/        •   2016 – 2022, Minister of Agrarian Affairs and
                            Kepala Badan Pertanahan Nasional Republik               Spatial Planning/Head of the National Land
                            Indonesia                                               Agency of The Republic of Indonesia
                          • 2015 – 2016, Menteri Perencanaan Pembangunan        •   2015 - 2016, Minister of National Development
                            Nasional/Kepala        Badan       Perencanaan          Planning/Head of National Development
                            Pembangunan Nasional Republik Indonesia                 Planning Agency of The Republic of Indonesia
                          • 2014 – 2015, Menteri Koordinator Bidang             •   2014 - 2015, Coordinating Minister for the
                            Perekonomian Republik Indonesia                         Economic Affairs of the Republic of Indonesia
                          • 2010 – 2014 Ketua Tim Kajian Strategis Wakil        •   2010 - 2014, Chairman of the Strategic Study
                            Presiden Republik Indonesia                             Team Vice President of the Republic of Indonesia
                          • 2007 – 2009, Menteri Badan Usaha Milik Negara       •   2007 - 2009, Minister of State-Owned
                            Republik Indonesia                                      Enterprises of the Republic of Indonesia
                          • 2004 – 2007, Menteri Komunikasi dan                 •   2004 - 2007 Minister of Communication and
                            Informatika Republik Indonesia                          Informatics of the Republic of Indonesia
                          • 2000 – 2004, Konsultan Tata Kelola Perusahaan       •   2000 - 2004, Good Corporate Governance
                            yang Baik dan penasihat di sejumlah perusahaan          (GCG) Consultant and Advisor at several
                            nasional dan multinasional. Komisaris Utama             national and multinational companies.
                            atau komisaris di berbagai Perusahaan terbuka           President Commissioner and Commissioner at
                                                                                    several public companies
                          • 1998 – 2000, Asisten Menteri Badan Usaha            •   1998 - 2000, Assistant to the Minister of State-
                            Milik Negara Republik Indonesia                         Owned Enterprises of the Republic of Indonesia
                          • 1998, Wakil Kepala Riset dan Pengembangan           •   1998, Vice President of Research and
                            Bursa Efek Jakarta                                      Development for the Jakarta Stock Exchange
                          • 1994 – 1998, Dosen di Universitas Indonesia dan     •   1994 - 1998, Lecturer at University of Indonesia
                            universitas lain                                        and other universities
                          • 1984 – 1995, Peneliti di Pusat Studi Kebijakan      •   1984 - 1995, Researcher/fellow at the Center for
                            dan Implementasi                                        Policy and Implementation Studies

Dasar Hukum               Diangkat sebagai Ketua Komite Nominasi dan            Appointed as Chairman of the Nomination and
Basis of Appointment      Remunerasi berdasarkan Surat Keputusan Dewan          Remuneration Committee based on the Decree
                          Komisaris No. 095-SK/BOC/Intiland/CS/VI/2025          of the Board of Commissioners No. 095-SK/BOC/
                          Tentang Pengangkatan Komite Nominasi dan              Intiland/CS/VI/2025 on Appointment of the
                          Remunerasi.                                           Nomination and Remuneration Committee.

Periode Jabatan           Periode ke-1                                          First Period
Term of Office




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   Masa Jabatan                    2025 – 2030                                         2025 - 2030
   Tenure

   Rangkap Jabatan                 • 2025 – sekarang, Komisaris Utama dan              • 2025 – present, President Commissioner
   Concurrent Position               Komisaris Independen PT Intiland Development        and Independent Commissioner PT Intiland
                                     Tbk                                                 Development Tbk
                                   • Komisaris Utama PT Indika Nature                  • President Commissioner at PT Indika Nature
                                   • Komisaris Utama PT Pintar Group/Pasifik Satelit   • President Commissioner at PT Pintar Group/
                                     Nusantara                                           Pasifik Satelit Nusantara
                                   • Komisaris Utama PT Citra Borneo Utama Tbk         • President Commissioner at PT Citra Borneo
                                                                                         Utama Tbk
                                   • Komisaris PT Aneka Kimia Raya Tbk                 • Commissioner at PT Aneka Kimia Raya Tbk
                                   • Komisaris Independen PT Austindo Nusantara        • Independent Commissioner at PT Austindo
                                     Jaya Tbk                                            Nusantara Jaya Tbk

   Hubungan Afiliasi               Tidak ada hubungan afiliasi.                        No Affiliate relationship.
   Affiliate Relationship




                                                                                                                    Spazio, Surabaya




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                                                         Sinarto Dharmawan
                                                            Anggota Komite Nominasi dan Remunerasi
                                                            Member of Nomination and Remuneration Committee

                                                         Warga Negara Indonesia
                                                         Indonesian Citizen
                                                         71 Tahun
                                                         71 Years Old

                                                         Domisili : Jakarta
                                                         Domicile : Jakarta




Riwayat Pendidikan        • 1988 Master of Business Administration dari           • 1988 Master of Business Administration from
Educational Background      IPMI Jakarta                                            IPMI, Jakarta
                          • 1980 Sarjana Teknik Sipil dari Universitas            • 1980 a Bachelor’s degree in civil engineering
                            Parahyangan, Bandung                                    from Parahyangan University, Bandung

Pengalaman Kerja          • 2020 – 2025, Komisaris Utama PT Intiland              •   2020 – 2025, President Commissioner PT
Professional Experience     Development Tbk                                           Intiland Development Tbk
                          • 2007 – 2020, Wakil Direktur Utama PT Intiland         •   2007 – 2020, Vice President Director PT Intiland
                            Development Tbk                                           Development Tbk
                          • 2004 – 2020, Direktur Utama PT Intiland Grande        •   2004 – 2020, President Director PT Intiland
                          • 2003 – 2007, Wakil Direktur Utama PT Dharmala             Grande
                            Intiland Tbk                                          •   2003 – 2007, Vice President Director PT
                          • 1998 – 2004, Direktur PT Intiland Grande                  Dharmala Intiland Tbk
                          • 1993 – 1998, General Manager PT Dharmala              •   1998 – 2004, Director PT Intiland Grande
                            Land                                                  •   1993 – 1998, General Manager PT Dharmala
                          • 1989 – 1992, Manajer Perencanaan PT Dharmala              Land
                            Land                                                  •   1989 – 1992, Planning Manager PT Dharmala
                          • 1987 – 1988, Manajer Penjualan dan Pemasaran              Land
                            PT Dharmala Land                                      •   1987 – 1988, Sales and Marketing Manager PT
                          • 1984 – 1986, Supervisor Penjualan PT Dharmala             Dharmala Land
                            Land                                                  •   1984 – 1986, Sales Supervisor PT Dharmala
                          • 1982 – 1983, Site Engineer PT Dharmala Land               Land
                          • 1981 – 1982, Manajer Perencanaan PT Way               •   1982 – 1983, Site Engineer PT Dharmala Land
                            Halim Permai                                          •   1981 – 1982, Planning Manager PT Way Halim
                                                                                      Permai

Dasar Hukum               Diangkat sebagai Anggota Komite Nominasi dan            Appointed as Member of the Nomination and
Basis of Appointment      Remunerasi berdasarkan Surat Keputusan Dewan            Remuneration Committee based on the Decree
                          Komisaris No. 095-SK/BOC/Intiland/CS/VI/2025            of the Board of Commissioners No. 095-SK/BOC/
                          Tentang Pengangkatan Komite Nominasi dan                Intiland/CS/VI/2025 on Appointment of the
                          Remunerasi.                                             Nomination and Remuneration Committee.

Periode Jabatan           Periode ke-2                                            Second Period
Term of Office

Masa Jabatan              2025 – 2030                                             2025 - 2030
Tenure

Rangkap Jabatan           • 2025 – sekarang, Wakil Komisaris Utama PT             • 2025 – present, Vice President Commissioner PT
Concurrent Position         Intiland Development Tbk                                Intiland Development Tbk
                          • Menjabat sebagai Komisaris di beberapa entitas        • Serves as a Commissioner in several of the
                            anak perusahaan Intiland                                Intiland subsidiary entities.

Hubungan Afiliasi         Tidak ada hubungan afiliasi.                            No Affiliate relationship.
Affiliate Relationship




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                                                                  Agoes Denny Atmodjojo
                                                                    Anggota Komite Nominasi dan Remunerasi
                                                                    Member of Nomination and Remuneration Committee

                                                                  Warga Negara Indonesia
                                                                  Indonesian Citizen
                                                                  61 Tahun
                                                                  61 Years Old

                                                                  Domisili : Jakarta
                                                                  Domicile : Jakarta




   Riwayat Pendidikan              • 1998 Magister Manajemen dari PPM School of            • 1998 Master of Management from PPM School
   Educational Background            Management (S2)                                         of Management (S2)
                                   • 1988 Sarjana Teknik dari Universitas Trisakti (S1)    • 1988 Bachelor’s Degree in engineering from
                                                                                             University of Trisakti (S1)

   Pengalaman Kerja                • 1992 – 1994, Building Manager di Mulia Group          •   1992 – 1994, Building Manager at Mulia Group
   Professional Experience         • 1991 – 1992, Building Manager di Procon Indah –       •   1991 – 1992, Building Manager at Procon Indah
                                     Jones Lang Wootton                                        – Jones Lang Wootton
                                   • 1990 – 1991, Building Manager di Tiga Raksa           •   1990 – 1991, Building Manager at Tiga Raksa
                                     Group                                                     Group
                                   • 1988 – 1990, Tenant Relation Supervisor di PT         •   1988 – 1990, Tenant Relation Supervisor at PT
                                     Sari Lembah Tirta Hijau                                   Sari Lembah Tirta Hijau

   Dasar Hukum                     Diangkat sebagai Anggota Komite Nominasi dan            Appointed as Member of the Nomination and
   Basis of Appointment            Remunerasi berdasarkan Surat Keputusan Dewan            Remuneration Committee based on the Decree
                                   Komisaris No. 095-SK/BOC/Intiland/CS/VI/2025            of the Board of Commissioners No. 095-SK/BOC/
                                   Tentang Pengangkatan Komite Nominasi dan                Intiland/CS/VI/2025 on Appointment of the
                                   Remunerasi.                                             Nomination and Remuneration Committee.

   Periode Jabatan                 Periode ke-1                                            First Period
   Term of Office

   Masa Jabatan                    2025 – 2030                                             2025 - 2030
   Tenure

   Rangkap Jabatan                 • 2008 – sekarang, Kepala Divisi SDM Korporat PT        • 2008 – present, Head of Corporate Human
   Concurrent Position               Intiland Development Tbk                                Capital PT Intiland Development Tbk
                                   • 1994 – sekarang, Direktur Unit Bisnis Property        • 1994 – present, Director of the Property
                                     Management & Sport Club PT Mutiara Raga                 Management & Sport Club Business Unit at PT
                                     Indah                                                   Mutiara Raga Indah

   Hubungan Afiliasi               Tidak ada hubungan afiliasi.                            No Affiliate relationship.
   Affiliate Relationship




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Independensi Komite Nominasi dan                                     The Independence of The Nomination and
Remunerasi                                                           Remuneration Committee
Seluruh anggota Komite Nominasi dan Remunerasi                       All members of the Nomination and Remuneration
Perseroan tidak memiliki hubungan atau afiliasi dengan               Committee do not have any commitment or affiliation with
Dewan Komisaris maupun Direksi. Anggota Komite Nominasi              either the Board of Commissioners or the Board of Directors.
dan Remunerasi selalu menjaga prinsip independensi dalam             The Nomination and Remuneration Committee strives to
menjalankan tugas dan fungsinya.                                     uphold the independency principle in performing its roles
                                                                     and functions.

Pelatihan dan Peningkatan Kompetensi                                 Training and Competency Enhancement
Komite Nominasi dan Remunerasi                                       of the Nomination and Remuneration
                                                                     Committee
Perincian program pengembangan yang diikuti Komite                   Details of the development programs attended of the
Nominasi dan Renumerasi sepanjang tahun 2025 disampaikan             Nomination and Remuneration Committee throughout 2025
pada bagian Profil Perusahaan di Laporan Tahunan ini.                can refer to the Company Profile Chapter of this Annual Report.

Piagam Komite Nominasi dan Remunerasi                                The Nomination and Remuneration
                                                                     Committee’s Charter
Piagam Komite Nominasi dan Remunerasi merupakan                      The Charter of the Nomination and Remuneration Committee
pedoman bagi anggota Komite Nominasi dan Remunerasi                  serves as a guide for the members of the Nomination and
dalam melaksanakan tugas dan tanggung jawabnya,                      Remuneration Committee in carrying out their duties and
Piagam Komite Nominasi dan Remunerasi secara garis besar             responsibilities. The Charter broadly outlines the vision,
menjabarkan visi, misi, tujuan, pembentukan, persyaratan,            mission, objectives, formation, requirements, structure,
struktur, tugas, tanggung jawab dan kewenangan, kode etik,           tasks, responsibilities and authority, code of ethics, reporting,
pelaporan, masa tugas, dan hubungan kerja.                           term of office, and working relationships.


Piagam Komite Nominasi dan Remunerasi dapat diakses di               The Nomination and Remuneration Committee Charter can
situs web Intiland (www.intiland.com).                               be accessed on the Company’s website (www.intiland.com).

Frekuensi dan Tingkat Kehadiran Rapat                                Frequency and Attendance Level
Pada tahun 2025, Komite Nominasi dan Remunerasi                      In 2025, the Nomination and Remuneration Committee held
Perseroan menyelenggarakan rapat sebanyak 5 (lima)                   5 (five) meetings with 100% attendance rate. Following it’s
kali dengan tingkat kehadiran mencapai 100%. Berikut                 the details of the meeting attendance rate of the Nomination
adalah perincian tingkat kehadiran rapat anggota Komite              and Remuneration Committee members:
Nominasi dan Remunerasi:


                           Nama                                Jumlah Rapat             Jumlah Kehadiran                 Presentase
                           Name                                Total Meeting             Total Attendance                Percentage
 Dr. Sofyan A. Djalil, SH.MA*                                        2                          2                           100%
 Sinarto Dharmawan                                                   5                          5                           100%
 Agoes Denny Atmodjojo*                                              2                          2                           100%
 Thio Gwan Po Micky**                                                3                          3                           100%
 Jahja Asikin**                                                      3                          3                           100%

*) Bapak DR. Sofyan A. Djalil, SH.MA dan Bapak Agoes Denny Atmodjojo mulai mengikuti Rapat Komite Nominasi dan Remunerasi sejak 28 Mei
2025, sehingga jumlah rapat yang dicatat adalah sejak beliau menjadi anggota Rapat Komite Nominasi dan Remunerasi Perseroan.
Mr. DR. Sofyan A. Djalil, SH.MA., and Mr. Agoes Denny Atmodjojo began attending Nomination and Remuneration Committee Meetings since
May 28, 2025, so total number of meetings recorded is since they became a member of Nomination and Remuneration Committee of the
Company.
**) Bapak Thio Gwan Po Micky dan Bapak Jahja Asikin mengikuti Rapat Komite Nominasi dan Remunerasi hingga 28 Mei 2025 sehingga jumlah
rapat yang dicatat adalah pada saat beliau masih menjadi anggota Komite Nominasi dan Remunerasi Perseroan.
Mr. Thio Gwan Po Micky and Mr. Jahja Asikin attended the Nomination and Remuneration Committee Meetings until May 28, 2025, so total
number of meetings attended recorded is when they were still members of the Company's Nomination and Remuneration Committee.


  Annual Report 2025 Laporan Tahunan                                                                PT Intiland Development Tbk          255
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Pelaksanaan Kegiatan Komite Nominasi dan                               Implementation of The Nomination and
Remunerasi tahun 2025                                                  Remuneration Committee Duties in 2025
Sesuai dengan tugas, tanggung jawab, dan kewenangannya,                Following its duties, responsibilities, and authorities, in
di tahun 2025 Komite Nominasi dan Remunerasi Perseroan                 2025, the Nomination and Remuneration Committee of the
telah melaksanakan hal-hal sebagai berikut:                            Company carried out the following activities:
1. Menelaah           serta        memberikan     rekomendasi   atas   1. Reviewing and providing recommendations on the 2025
     kebijakan nominasi dan remunerasi tahun 2025 dengan                  nomination and remuneration policy by considering the
     mempertimbangkan                kondisi    perekonomian    dan       economic conditions and the stability of the Company’s
     stabilitas arus kas Perseroan.                                       cash flows.
2. Mengevaluasi              Piagam      Komite     Nominasi    dan    2. Evaluating the Charter of the Nomination and
     Remunerasi.                                                          Remuneration Committee.
3. Membahas serta memberikan rekomendasi strategi                      3. Discussing and providing recommendations on human
     sumber daya manusia dan audit organisasi bersama                     resource strategies and organizational audits together
     divisi corporate human capital.                                      with the corporate human capital division.
4. Mengusulkan besaran remunerasi Dewan Komisaris                      4. Providing recommendations on the remuneration of
     untuk diajukan dalam RUPS dan memberikan usulan                      the Board of Commissioners to be submitted at the
     besaran remunerasi Direksi kepada Dewan Komisaris.                   GMS and remuneration of the Directors to the Board of
                                                                          Commissioners.
5. Mengevaluasi sistem penilaian kinerja organ tata kelola             5. Evaluating the performance assessment system of the
     Perusahaan.                                                          corporate governance organs.
6. Memformulasikan rencana kerja Komite Nominasi dan                   6. Formulating     the   Nomination     and     Remuneration
     Remunerasi untuk tahun 2026.                                         Committee work plan for 2026.




SEKRETARIS PERUSAHAAN
CORPORATE SECRETARY

Penunjukan Sekretaris Perusahaan sesuai dengan Peraturan               The Company has appointed a Corporate Secretary in line
Otoritas Jasa Keuangan (POJK) No. 35/POJK.04/2014 dan                  with OJK Regulation (POJK) No. 35/POJK.04/2014 and IDX
Peraturan Bursa Efek Indonesia No. I-E. Pengangkatan dan               Regulation No. I-E. The Corporate Secretary is appointed
pemberhentian Sekretaris Perusahaan dilakukan berdasarkan              and dismissed based on the decision of the Directors and is
keputusan Direksi, dengan ketentuan tidak diperbolehkan                prohibited from concurrently holding any position in other
merangkap jabatan di Emiten atau Perusahaan Publik                     Issuers or Public Companies. The Corporate Secretary is
lainnya. Sekretaris Perusahaan bertanggung jawab langsung              responsible directly to the President Director of the Company.
kepada Direktur Utama Perseroan.


Perseroan memastikan pelaksanaan kepatuhan terkait                     The Company ensures the implementation of compliance
dengan penyelenggaraan Sekretaris Perusahaan, yang                     related to the implementation of the Corporate Secretary as
meliputi sebagai berikut:                                              described below:
1. Memberikan laporan berkala kepada Dewan Komisaris                   1. Providing periodic information to the Board of
     dan Direksi mengenai informasi yang relevan dan                      Commissioners and the Directors regarding information
     diperlukan oleh Perseroan.                                           related and required by the Company.
2. Memastikan penerapan Tata Kelola Perusahaan yang                    2. Ensuring the implementation of the Company’s GCG.
     baik (GCG) Perseroan.
3. Memastikan Perseroan menjalankan keterbukaan sesuai                 3. Ensuring that the Company carries out transparency in
     dengan prinsip Tata Kelola Perusahaan.                               accordance with GCG principles.
4. Bertindak sebagai perantara antara Perseroan dan                    4. Acting as a liaison between the Company and
     Pemangku Kepentingan dan regulator.                                  Stakeholders and regulators.


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Kualifikasi Sekretaris Perusahaan                                    Qualification of Corporate Secretary
Sekretaris Perusahaan wajib memiliki kualifikasi pendidikan          The Corporate Secretary is required to have adequate
akademis yang memadai dan sesuai dengan ketentuan yang               academic educational qualifications in accordance with
ditetapkan dalam peraturan maupun standar Perusahaan.                the provisions stipulated in the regulations and company
Sekretaris   Perusahaan     dijabat   oleh   seseorang    yang       standards. The Corporate Secretary is held by someone
memiliki pengetahuan tentang aktivitas Perusahaan secara             who has knowledge of the Company’s activities as a whole,
menyeluruh, memiliki kemampuan komunikasi yang baik,                 has good communication skills, has managerial skills and
memiliki kemampuan dan pengalaman manajerial, akhlak                 experience, good character and morals, has high integrity and
dan moral yang baik, memiliki integritas dan dedikasi tinggi,        dedication, and must also have the will to hone and develop
dan juga harus memiliki kemauan untuk mengasah dan                   his/her abilities and knowledge in terms of academics and
mengembangkan kemampuan serta pengetahuannya dari                    self-development.
segi akademis maupun pengembangan diri.

PROFIL SEKRETARIS PERUSAHAAN                                         PROFILE OF CORPORATE SECRETARY




                                                          Theresia Rustandi
                                                             Sekretaris Perusahaan
                                                             Corporate Secretary

                                                          Warga Negara Indonesia
                                                          Indonesian Citizen
                                                          55 Tahun
                                                          55 Years Old

                                                          Domisili : Jakarta
                                                          Domicile : Jakarta




  Riwayat Pendidikan         Theresia meraih gelar Sarjana dari Universitas        Theresia Rustandi graduated from University of
  Educational Background     Indonesia pada tahun 1996.                            Indonesia with Bachelor’s degree in 1996.

  Pengalaman Kerja           Selama di Intiland Beliau menduduki beberapa          While with Intiland, Theresia Rustandi has held
  Professional Experience    posisi manajerial antara lain, Manajer Corporate      several managerial positions, including Corporate
                             Affairs, Manajer Komunikasi Pemasaran, Manajer        Affairs Manager, Marketing Communication
                             PR Korporat, Kepala Unit Bisnis Pendidikan, Kepala    Manager, Corporate PR Manager, Head of Business
                             Divisi Komunikasi Perusahaan dan Hubungan             Education Unit, Head of Corporate Communication
                             Investor, dan Kepala Divisi Pengelolaan Hubungan      and Investor Relations Division, and Head of
                             Pelanggan.                                            Customer Relations Division.

  Dasar Hukum                Surat Keputusan Direksi No. 018/DIL/HSG/V/2000        The Board of Directors Decision Letter No. 018/
  Basis of Appointment       tertanggal 10 Mei 2000 tentang penunjukan             DIL/HSG/V/2000 dated May 10, 2000 on the
                             Theresia V. Rustandi menjadi Sekretaris               Appointment of Theresia V. Rustandi as Corporate
                             Perusahaan.                                           Secretary.


  Rangkap Jabatan            • 2024 – sekarang, Direktur di PT Purisentosa         • 2024 – present, Director PT Purisentosa Unggul
  Concurrent Position          Unggul
                             • 2023 – sekarang, Direktur Utama PT Inti             • 2023 – present, President Director PT Inti
                               Kolaborasi Nusantara                                  Kolaborasi Nusantara
                             • 2023 – sekarang, Komisaris di PT Adiwarna           • 2023 – present, Commissioners at PT Adiwarna
                               Harapan Nusantara                                     Harapan Nusantara




  Annual Report 2025 Laporan Tahunan                                                             PT Intiland Development Tbk           257
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   Aktivitas Organisasi            • 2023 – 2027, Kepala Badan Perlindungan            • 2023 – 2027, Head of Consumer Protection
   Organization Activities           Konsumen Realestat Indonesia (REI)                  Agency, Real Estate Indonesia (REI)
                                   • 2024 – 2029, Sekretaris Badan Pengembangan        • 2024 – 2029, Secretary of the Integrated
                                     Kawasan Properti Terpadu, Kamar Dagang dan          Property Development Body, The Indonesian
                                     Industri Indonesia (KADIN)                          Chamber of Commerce and Industry (KADIN)
                                   • 2023 – 2028, Ketua Bidang Pengembangan            • 2023 – 2028, Head of Residential and Hospitality
                                     Perumahan dan Perhotelan Asosiasi Pengusaha         Development of the Indonesian Employers'
                                     Indonesia (APINDO) untuk Properti dan               Association (APINDO) for Property and
                                     Kawasan Ekonomi                                     Economic Zones.
                                   • 2024 – sekarang, Sekretaris Perkumpulan Forum     • 2024 – present, Secretary of the Investor
                                     Komunikasi Pengusaha Ibu Kota Nusantara             Communication Forum of the Capital City of
                                                                                         Nusantara.



Tugas dan Tanggung Jawab Sekretaris                                      Duties & Responsibilties of Corporate
Perusahaan                                                               Secretary
Mengacu kepada Anggaran Dasar Perseroan, Peraturan OJK                   According to the Company’s Articles of Association, POJK
No. 35/POJK.04/2014, serta Piagam Sekretaris Perusahaan,                 No. 35/POJK.04/2014, and Corporate Secretary Charter,
tugas dan tanggung jawab Sekretaris Perusahaan antara                    the duties and responsibilities of the Corporate Secretary
lain mencakup:                                                           include:
1. Mengikuti perkembangan Pasar Modal khususnya                          1. Monitor the development of the Capital Market notably
     peraturan perundang-undangan yang berlaku di bidang                     the prevailing Laws and regulations in the Capital Market.
     Pasar Modal.                                                        2. Provide inputs to the Directors and the Board of
2. Memberikan masukan kepada Direksi dan Dewan                               Commissioners of an Issuer or a Public Company on
     Komisaris Emiten atau Perusahaan Publik untuk                           matters related to compliance with the prevailing laws
     mematuhi ketentuan Peraturan Perundang-undangan di                      and regulations in the Capital Market.
     bidang Pasar Modal.                                                 3. Assist the Directors and the Board of Commissioners
3. Membantu Direksi dan Dewan Komisaris dalam                                in matters related to the management of corporate
     pelaksanaan Tata Kelola Perusahaan yang meliputi:                       governance, including:
     a. Keterbukaan informasi kepada masyarakat, termasuk                    a. Information disclosure to the public, including the
          ketersediaan informasi pada situs web Emiten atau                       availability of information on the Issuer’s or the
          Perusahaan Publik.                                                      Public Company’s website.
     b. Penyampaian laporan kepada Otoritas Jasa Keuangan                    b. Submit reports to the Financial Services Authority
          tepat waktu.                                                            (OJK) in a timely manner.
     c. Penyelenggaraan dan dokumentasi Rapat Umum                           c. Organize and document the Company’s General
          Pemegang Saham.                                                         Meetings of Shareholders.
     d. Penyelenggaraan dan dokumentasi rapat Direksi                        d. Organize and document meetings of the Directors
          dan/atau Dewan Komisaris.                                               and/or the Board of Commissioners.
     e. Pelaksanaan program orientasi Perusahaan bagi                        e. Organize the Company’s orientation program for the
          Direksi dan/atau Dewan Komisaris.                                       Directors and/or the Board of Commissioners.
     f.   Sebagai penghubung antara Emiten atau Perusahaan                   f.   Act as a liaison officer between the issuer or the public
          Publik dengan pemegang saham Emiten atau                                company with the Issuer’s or the Public Company’s
          Perusahaan Publik, Otoritas Jasa Keuangan, dan                          shareholders, with the Financial Services Authority,
          Pemangku Kepentingan lainnya.                                           and with other stakeholders.

Piagam Sekretaris Perusahaan                                             Corporate Secretary Charter
Intiland memiliki Piagam Sekretaris Perusahaan sebagai                   Intiland has a Corporate Secretary Charter as a work
pedoman pelaksanaan tugas dan tanggung jawab Sekretaris                  guideline in carrying out the duties and responsibilities of
Perusahaan. Piagam ini diperbarui secara berkala agar                    the Corporate Secretary. This charter is always updated and
selaras dengan peraturan yang berlaku.                                   adapted to the applicable regulations.




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Dalam   merumuskan         Piagam    Sekretaris    Perusahaan,     The development of the Corporate Secretary Charter has been
Perseroan merujuk pada Peraturan OJK No. 35/POJK.04/2014           in accordance with OJK Regulation No. 35/POJK.04/2014 on
tentang Sekretaris Perusahaan Emiten atau Perusahaan               Corporate Secretary of Issuers or Public Companies and IDX
Publik dan Peraturan BEI No. I-A tentang fungsi Sekretaris         Regulation No. I-A on the function of the Corporate Secretary
Perusahaan dan tujuan strategis Perusahaan serta Kebijakan         and the strategic objectives of the Company as well as the
Tata Kelola Perusahaan yang Baik.                                  Good Corporate Governance Policy.


Piagam Sekretaris Perusahaan dapat diakses di situs web            The Corporate Secretary Charter can be accessed on the
Intiland (www.intiland.com).                                       Company’s website (www.intiland.com).

Pelatihan dan Peningkatan Kompetensi                               Training and Competency Development of
Sekretaris Perusahaan                                              Corporate Secretary
Pengembangan kompetensi Sekretaris Perusahaan dan                  Competency development of the Corporate Secretary and
anggota timnya dilakukan dengan mengikuti berbagai acara           its team is carried out by participating in various training
dan kegiatan pelatihan, seminar, lokakarya, dan konferensi         events, seminars, workshops, and conferences relevant to
yang relevan dengan tugas Sekretaris Perusahaan.                   the duties of the Corporate Secretary.


Daftar perincian kegiatan pelatihan dan peningkatan                A detailed list of the training and competency enhancement
kompetensi bagi Sekretaris Perusahaan tahun 2025                   activities for the Corporate Secretary in 2025 is shown in the
tercantum pada bab Profil Perusahaan dalam Laporan                 Company Profile section of this Annual Report.
Tahunan ini.

Pelaksanaan Tugas Sekretaris Perusahaan                            Implementation of Corporate Secretary
                                                                   Duties
Di tahun 2025, Sekretaris Perusahaan melaksanakan                  In 2025, the Corporate Secretary conducted the following
beberapa tugas dan kegiatan sebagai berikut:                       duties and functions:
1. Membantu Direksi dan Dewan Komisaris memastikan                 1. Assisted the Directors and the Board of Commissioners
   penerapan prinsip-prinsip Tata Kelola Perusahaan yang              to ensure the implementation of the principles of Good
   Baik dalam proses pengambilan keputusan dan pada                   Corporate Governance in the decision-making process
   setiap kegiatan Perseroan.                                         and in every activity of the Company.
2. Memastikan pelaksanaan keterbukaan informasi sesuai             2. Ensured the implementation of information disclosure in
   dengan peraturan yang berlaku.                                     accordance with applicable regulations.
3. Mengelola daftar pemegang saham Perusahaan dan                  3. Managed the list of the Company’s shareholders and
   mengomunikasikan perubahannya setiap bulan kepada                  informed the changes every month to OJK, IDX, and the
   OJK, BEI, dan publik melalui situs web Perusahaan.                 public through the Company’s website.
4. Menghadiri sosialisasi dan kegiatan yang diadakan oleh          4. Attended dissemination and activities held by the Capital
   otoritas Pasar Modal.                                              Market authorities.
5. Mengikuti berbagai pelatihan, webinar, dan lokakarya            5. Participated    in   various   trainings,    webinars,       and
   untuk       meningkatkan         kemampuan         Sekretaris      workshops to improve the competence of the Corporate
   Perusahaan.                                                        Secretary.
6. Berkoordinasi   dengan       fungsi-fungsi     terkait   guna   6. Coordinated with related functions to ensure the
   memastikan ketersediaan informasi yang tepat dan                   availability of appropriate and accurate information
   akurat bagi regulator dan investor mengenai isu-isu                for regulators and investors regarding material issues
   material yang berpotensi mempengaruhi keputusan                    that had the potential to influence the decisions of
   Pemegang Saham.                                                    Shareholders.
7. Memutakhirkan peraturan terbaru di Pasar Modal                  7. Forwarded updates on the latest regulations in the Capital
   kepada Direksi dan Dewan Komisaris, serta memastikan               Market to the Directors and the Board of Commissioners,
   segala kepatuhannya.                                               as well as ensured all compliance.
8. Membantu Direksi dalam menyelenggarakan Rapat                   8. Assisted the Directors in holding the General Meeting of
   Umum Pemegang Saham.                                               Shareholders.


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9. Memastikan informasi yang mutakhir dan akuntabel                     9. Ensured up-to-date and accountable information is
      tersedia pada situs web Perusahaan.                                  available on the Company’s website.
10. Menyusun dan mengusulkan kepada Direksi rencana                     10. Prepared and proposed to the Directors a work plan,
      kerja, anggaran, dan indikator pencapaian kinerja                    budget, and performance indicators for the Corporate
      departemen Sekretaris Perusahaan.                                    Secretary department.
11. Menyusun jadwal rapat dan agenda rapat Direksi dan                  11. Prepared the meeting schedule and agenda for
      Dewan Komisaris serta komite-komite di bawah Dewan                   the meetings of the Directors and the Board of
      Komisaris dan memastikan terselenggaranya rapat-rapat                Commissioners as well as the committees under
      tersebut sesuai rencana.                                             the Board of Commissioners and ensured that these
                                                                           meetings were held according to plan.
12. Memastikan materi dan risalah rapat tersedia pada                   12. Ensured that meeting materials and minutes were
      setiap penyelenggaraan rapat rutin, non-rutin, maupun                available at every routine, non-routine, or joint meeting
      rapat gabungan dari Direksi dan Dewan Komisaris serta                of the Directors and the Board of Commissioners as
      rapat komite-komite di bawah Dewan Komisaris.                        well as meetings of the committees under the Board of
                                                                           Commissioners.




AUDIT INTERNAL
INTERNAL AUDIT

Divisi Audit Internal Intiland dibentuk sejak tahun 2005.               Intiland’s Internal Audit Division was established in 2005.
Melalui persetujuan Dewan Komisaris dan Direksi, Audit                  With the approval of the Board of Commissioners and the
Internal Perseroan merancang Piagam Audit Internal pada                 Directors, the Company’s Internal Audit drafted the Internal
bulan Desember 2009 yang kemudian diperbarui pada                       Audit Charter in December 2009 and was renewed in 2020.
tahun 2020. Piagam Audit Internal merujuk peraturan                     The Internal Audit Charter refers to Bapepam LK regulations
Bapepam LK No IX.I.7 dan Surat Keputusan Ketua Bapepam                  No. IX.I.7 and the Decree of the Chairman Bapepam LK No.
LK No. Kep-496/BL/2008 tanggal 28 November 2008                         Kep-496/BL/2008 dated November 28, 2008, on Formation
mengenai Pembentukan dan Pedoman Penyusunan Unit                        and Guidelines for the Preparation of the Internal Audit Unit.
Audit Internal.


Audit Internal berkewajiban untuk memberikan layanan                    The Internal Audit is obliged to provide independent and
konsultasi       yang      bersifat    independen    dan    obyektif.   objective consulting services. This aims to improve the
Hal     tersebut       bertujuan      untuk   meningkatkan     mutu     quality and enhance the operations of the Company, while
dan      memperbaiki           operasional    Perseroan,    sekaligus   also increasing the effectiveness of risk management,
meningkatkan efektivitas, manajemen risiko, pengendalian                internal controls, and corporate governance processes.
internal, dan proses tata kelola perusahaan.


Pengangkatan dan pemberhentian anggota Audit Internal                   The appointment and dismissal of members of the Internal
sepenuhnya          menjadi        kewenangan    Direktur    Utama.     Audit is the authority of the President Director. Internal
Audit Internal memiliki akses langsung kepada Direktur                  Audit has direct access to the President Director and to the
Utama dan Komite Audit untuk melakukan koordinasi                       Audit Committee to coordinate and inform matters relating
serta menyampaikan informasi terkait berbagai hal yang                  to the implementation of audit activities and results.
berhubungan dengan kegiatan dan hasil audit.


Kedudukan unit Audit Internal dalam struktur Perusahaan                 The position of the internal audit unit in the Company’s
sebagai berikut:                                                        structure is as follows:




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1. Unit Audit Internal terdiri dari 1 (satu) orang auditor             1. The Internal Audit Unit consists of 1 (one) or more internal
   internal atau lebih.                                                   auditors.
2. Unit Audit Internal dipimpin oleh Kepala Unit Audit                 2. The Internal Audit Unit is led by the Head of the Internal
   Internal.                                                              Audit Unit.
3. Dalam hal unit Audit Internal terdiri dari 1 (satu) orang           3. In the event that the Internal Audit unit consists of 1
   auditor internal, maka auditor internal dimaksud juga                  (one) internal auditor, the said internal auditor also acts
   bertindak sebagai Kepala Unit Audit Internal.                          as the Head of the Internal Audit Unit.
4. Kepala unit Audit Internal bertanggung jawab kepada                 4. The Head of the Internal Audit unit is responsible to
   Direktur Utama dan secara fungsional kepada Dewan                      the President Director and functionally to the Board of
   Komisaris atau melalui Komite Audit.                                   Commissioners or through the Audit Committee.

Struktur Audit Internal                                                Internal Audit Structure


                             Dewan Komisaris                                     Komite Audit
                          Board of Commissioners                                Audit Committee




                                 Direksi
                            Board of Directors



                                                                                    Audit Internal
                                                                                    Internal Audit




Persyaratan                                                            Requirements
1. Memiliki integritas dan perilaku yang profesional,                  1. Have integrity and professional behavior and is
   independen, jujur, dan obyektif dalam pelaksanaan                      independent, honest, and objective in conducting their
   tugasnya;                                                              duties;
2. Memiliki pengetahuan dan pengalaman mengenai                        2. Have the knowledge and experience regarding audit
   teknis audit dan disiplin ilmu lain yang relevan dengan                technicalities and other knowledge relevant to their
   bidang tugasnya;                                                       duties;
3. Memiliki pengetahuan tentang peraturan perundang-                   3. Have the knowledge on Capital Market laws and
   undangan di bidang Pasar Modal dan peraturan                           regulations and other relevant regulations;
   perundang-undangan terkait lainnya;
4. Memiliki      kecakapan        untuk          berinteraksi   dan    4. Have the capability to interact and communicate
   berkomunikasi baik lisan maupun tertulis secara                        effectively with other people, both verbally and in
   efektif;                                                               written form;
5. Mematuhi standar profesi yang dikeluarkan oleh asosiasi             5. Comply with the professional standards issued by the
   Audit Internal;                                                        Internal Audit association.
6. Mematuhi Kode Etik Audit Internal;                                  6. Comply with the Internal Audit’s code of conduct;
7. Menjaga     kerahasiaan        informasi        dan/atau     data   7. Maintain information’s confidentiality and/or Company’s
   Perusahaan terkait dengan pelaksanaan tugas dan                        data in relation to the implementation of Internal Audit
   tanggung jawab Audit Internal kecuali diwajibkan                       duties and responsibilities, unless being obliged by the
   berdasarkan       peraturan    perundang-undangan            atau      law or court decision;
   penetapan atau putusan pengadilan;




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8. Memahami prinsip Tata Kelola Perusahaan yang Baik                       8. Understand Good Corporate Governance principles and
     dan manajemen risiko; dan                                                risk management; and
9. Bersedia meningkatkan pengetahuan, keahlian, dan                        9. Have the enthusiasm to continuously improve their
     kemampuan profesionalismenya secara terus-menerus.                       knowledge, expertise, and professionalism.

Profil Kepala Audit Internal                                               Profile of Head of Internal Audit




                                   David Kurniawan                             Warga Negara Indonesia
                                                                               Indonesian Citizen
                                                                               42 Tahun
                                    Kepala Audit Internal                      42 Years Old

                                    Head of Internal Audit                     Domisili : Jakarta
                                                                               Domicile : Jakarta




   Riwayat Pendidikan               Sarjana Komputer Akuntansi dari Universitas Bina     Bachelor’s degree in Computer Accounting from
   Educational Background           Nusantara pada 2006.                                 University of Bina Nusantara in 2006.

   Pengalaman Kerja                 • 2016–sekarang, Kepala Audit Internal PT            •    2016 – present, Head of Internal Audit Division
   Professional Experience            Intiland Development Tbk                                PT Intiland Development Tbk.
                                    • 2014-2016, Wakil Kepala Audit Internal PT          •    2014 – 2016, Deputy Head of Internal Audit
                                      Intiland Development Tbk                                Division PT Intiland Development Tbk
                                    • 2013, Manajer Audit PT Intiland Development        •    2013, Audit Manager PT Intiland Development
                                      Tbk.                                                    Tbk
                                    • 2012-2013,    Audit   Internal  PT    Cowell       •    2011 – 2013, Internal Audit PT Cowell
                                      Development Tbk                                         Development Tbk
                                    • 2008–2011, Audit Internal PT Surya Toto            •    2008 – 2011, Internal Auditor PT Suryo Toto
                                      Indonesia Tbk                                           Indonesia Tbk

   Dasar Hukum                      Surat Keputusan Direksi No. 005/Intiland/HSG/        Decree of the Board of Directors No. 005/Intiland/
   Basis of Appointment             VIII/2016 tentang Penggantian Kepala Divisi          HSG/VIII/2016 on the Replacement of Head of
                                    Internal Audit dan sesuai dengan Surat Keputusan     Internal Audit Division as well as Decree of BOC
                                    Dewan Komisaris No.001-SK/BOC/Intiland/CS/           No.001-SK/BOC/Intiland/CS/VIII/2016 on the
                                    VIII/2016 tentang Penunjukan Kepala Divisi           Appointment of Head of Internal Audit Unit.
                                    Internal Audit.



Pelatihan dan Peningkatan Kompetensi Audit                                 Training and Competency Development of
Internal                                                                   Internal Audit
Pengembangan kompetensi Audit Internal dan anggota                         The competence development of the Internal Audit and
timnya dilakukan dengan mengikuti berbagai kegiatan                        its team is carried out by participating in various training
pelatihan, seminar, lokakarya, dan konferensi yang relevan                 events, seminars, workshops, and conferences relevant to
dengan tugas Audit Internal.                                               the duties of the Internal Audit.


Daftar perincian kegiatan pelatihan dan peningkatan                        A detailed list of the training and competency enhancement
kompetensi bagi Audit Internal tahun 2025 tercantum pada                   activities for the Audit Internal in 2025 is shown in the
bab Profil Perusahaan dalam Laporan Tahunan ini.                           Company Profile section of this Annual Report.




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Tugas dan Tanggung Jawab Audit Internal                           Duties and Responsilities of Internal Audit
1. Menyusun dan melaksanakan rencana tahunan Audit                1. Preparing and implementing the Internal Audit annual
   Internal.                                                         plan.
2. Menguji dan mengevaluasi efektivitas pelaksanaan               2. Challenging and evaluating the effectiveness of the
   pengendalian internal dan sistem manajemen risiko                 implementation of internal control and risk management
   sesuai dengan kebijakan Perseroan.                                systems in accordance with the Company’s policies.
3. Melakukan      pemeriksaan     dan   penilaian    terhadap     3. Conducting inspections and assessments of efficiency
   efisiensi dan efektivitas di bidang keuangan, akuntansi,          and effectiveness in the fields of finance, accounting,
   operasional, sumber daya manusia, pemasaran, teknologi            operations, human resources, marketing, information
   informasi, dan kegiatan lainnya, serta melakukan                  technology, and other activities, as well as conducting
   pemeriksaan khusus apabila diperlukan.                            special inspections if necessary.
4. Memberikan saran perbaikan dan informasi yang                  4. Providing suggestions for improvement and objective
   obyektif tentang kegiatan yang diperiksa pada semua               information on the audited activities at all levels of
   tingkat manajemen.                                                management.
5. Membuat laporan hasil audit dan menyampaikannya                5. Preparing audit reports and submitting it to the President
   kepada Direktur Utama dan Dewan Komisaris, serta                  Director and the Board of Commissioners, as well as
   bekerja sama dengan Komite Audit.                                 cooperating with the Audit Committee.
6. Memantau, menganalisis, dan melaporkan pelaksanaan             6. Monitoring, analyzing, and reporting the implementation
   tindak lanjut perbaikan yang telah disarankan.                    of the follow-up improvements that have been suggested.
7. Menyusun program untuk mengevaluasi mutu kegiatan              7. Developing a program to evaluate the quality of the
   audit internal yang dilaksanakan.                                 internal audit activities carried out.

Piagam Audit Internal                                             Internal Audit Charter
Piagam Audit Internal Perseroan disusun dengan merujuk            The Company’s Internal Audit Charter was developed in
pada Peraturan Otoritas Jasa Keuangan Nomor 56/                   accordance with OJK Regulation No. 56/POJK.04/2015
POJK.04/2015 yang dikeluarkan pada tanggal 23 Desember            dated December 23, 2015 on Formation and Guidelines for
2015, yang mengatur tentang Pembentukan dan Pedoman               the Preparation of the Internal Audit Unit Charter. With the
Penyusunan Piagam Unit Audit Internal. Dengan persetujuan         approval of the Board of Commissioners and the Board of
dari Dewan Komisaris dan Direksi, Piagam Audit Internal           Directors, the Company’s Internal Audit compiled the Internal
Perseroan disusun pada bulan Desember 2009, dan telah             Audit Charter in December 2009 and has been renewed with
mengalami pembaruan terakhir pada tanggal 22 September            the latest update on 22 September 2020.
2020.


Audit Internal dapat menjalankan tugasnya secara efektif          The Internal Audit can carry out its duties properly based on
sesuai dengan ketentuan yang tercantum dalam Piagam               the Internal Audit Charter. The Internal Audit Charter can be
Audit Internal. Piagam Audit Internal dapat diakses di situs      accessed on the Company’s website (www.intiland.com).
web Intiland (www.intiland.com).

Laporan Kegiatan dan Pencapaian tahun 2025                        Report of Activity and Achievement in 2025
Pada tahun 2025 Audit Internal telah melakukan kegiatan           In 2025, the Internal Audit conducted audit activities
audit meliputi audit keuangan dan operasional terhadap 16         covering both financial and operational audits of 16 auditees,
auditee yang mencakup seluruh proyek pengembangan dan             encompassing all of Intiland’s development and investment
investasi dari Intiland yang berlokasi di Jakarta dan Surabaya.   projects located in Jakarta and Surabaya. At the end of 2025,
Pada akhir tahun 2025, Audit Internal memfokuskan kegiatan        the Internal Audit focused its audit activities on subsidiary
audit pada entitas anak perusahaan yang merupakan unit-           entities that operate as sport-related business units.
unit bisnis olahraga.




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Unit Audit Internal juga melakukan sembilan (9) penugasan       Internal Audit unit carried out nine (9) consulting
yang berkaitan dengan fungsi konsultasi dengan memberikan       engagements,          through     which   recommendations        for
rekomendasi perbaikan yang dapat meningkatkan dan               improvement were provided to strengthen and enhance
memperbaiki sistem internal pada proses terkait.                internal control systems and related business processes.

Pengungkapan Hasil Pelaksanaan Audit                            Disclosure of Results of Internal Audit and
Internal dan Tindak Lanjutnya                                   Follow-up Actions
1. Di tahun 2025, Audit Internal melakukan kegiatan             1. In 2025, the Internal Audit function conducted audit
     audit terhadap 16 unit auditee dengan cakupan audit           activities covering 16 auditee units, with audit scope
     area meliputi proses pengendalian internal transaksi          encompassing internal control processes over financial
     keuangan, pemasaran dan penjualan, keselamatan kerja,         transactions, marketing and sales, occupational health
     perencanaan pembangunan, proses pembangunan,                  and      safety,     development       planning,    construction
     pengawasan pembangunan, kelengkapan standard                  processes,     construction       supervision,     completeness
     operating procedure, kontrol terhadap anggaran, struktur      of standard operating procedures (SOPs), budgetary
     organisasi, dan pengelolaan gedung.                           controls,     organizational       structure,      and   building
                                                                   management.
2. Berdasarkan hasil pemeriksaan disimpulkan bahwa              2. Based on the audit results, it can be concluded that
     pengendalian internal Perseroan sudah dilakukan               the Company’s internal control system has been
     dengan cukup memadai. Inisiatif continues improvement         implemented in an adequately effective manner. The
     yang dijalankan menghasilkan inovasi yang dapat               continuous improvement initiatives undertaken by
     meningkatkan mutu pengendalian internal.                      the Company have resulted in innovations that further
                                                                   enhance the effectiveness of internal controls.
3. Pemeriksaan Audit Internal juga mencakup pengelolaan         3. The Internal Audit review also covered the risk
     risiko terhadap 16 unit audit tersebut dengan kesimpulan      management practices across the 16 audited units,
     bahwa masih terdapat risiko yang sangat tinggi dan            concluding that there remain very high and high risks
     tinggi yang tindakan mitigasinya belum terimplementasi        for which the mitigation actions have not yet been
     dengan konsisten.                                             implemented consistently.
4. Audit Internal terus memonitor penerapan dari tindakan       4. Internal     Audit      will    continue    to     monitor   the
     mitigasi terhadap semua risiko, terutama risiko sangat        implementation of mitigation actions, with particular
     tinggi dan tinggi.                                            focus on very high and high-risk exposures.
5. Kesepakatan tindakan manajemen dari hasil kegiatan           5. Management action plans agreed upon as a result of the
     pemeriksaan audit sudah ditindaklanjuti oleh auditee          audit activities have been followed up by the respective
     dan tindakan manajemen yang proses penyelesaiannya            auditees. Action plans requiring a longer completion
     lama akan terus dipantau oleh Audit Internal.                 period will continue to be closely monitored by Internal
                                                                   Audit.
6. Berkat dukungan aktif dari Dewan Komisaris dan Direksi       6. With the active support of the Board of Commissioners
     terhadap kegiatan Audit membuat auditee semakin               and the Directors for audit activities, auditees have
     aktif dalam menyelesaikan setiap temuan. Sampai akhir         become increasingly proactive in resolving each audit
     tahun 2025, status temuan yang masih menggantung              finding. As of the end of 2025, the percentage of
     menurun di angka 4,83%.                                       outstanding audit findings decreased to 4.83%.

Strategi Audit Internal tahun 2026                              Internal Audit’s Strategy in 2026
Pada tahun 2026, Audit Internal menargetkan untuk               In 2026, the Internal Audit targets to conduct audit activities
melakukan kegiatan audit terhadap 14 auditee dengan             for 14 auditees with very high-risk priority, as well as two
memprioritaskan pada tingkat risiko yang sangat tinggi          divisions of the Company. In line with the relatively effective
serta dua divisi Perseroan. Sejalan dengan cukup efektifnya     implementation of the consulting function, Internal Audit
fungsi konsultasi, maka unit Audit Internal akan masih          will continue to focus on supporting the Company through
berfokus dalam upaya membantu Perseroan melalui fungsi          its consulting role.
konsultasi.




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Sistem Pengendalian Internal                                    Internal Control System
Sistem pengendalian internal merupakan prosedur yang            The internal control system is a set of procedures designed
dirancang dan dijalankan oleh Dewan Komisaris, Direksi,         and implemented by the Board of Commissioners, the Board
dan anggota manajemen lainnya serta seluruh organ               of Directors, other members of management, and all organs
Perusahaanyang bertujuan untuk memastikan kesesuaian            of the Company to ensure compliance between decision-
antara pelaksanaan keputusan dan kegiatan dengan                making and activities in accordance with existing regulations
peraturan dan panduan untuk mencegah terjadinya                 and guidelines to prevent fraud and legal defects. To assess
kecurangan dan kecacatan hukum. Untuk menilai rancangan         the design and effectiveness of internal controls, the
dan efektivitas pengendalian internal, Direksi dibantu          Directors is supported by the Internal Audit Division, whose
Divisi Audit Internal yang penerapannya berkoordinasi           implementation is carried out in coordination with the
dengan Komite Audit. Prosedur tersebut bertujuan untuk          Audit Committee. The procedures are intended to provide
memberikan keyakinan bahwa penerapan pengendalian               assurance that the implementation of internal controls is
internal sesuai dengan tujuan dan sasaran Perusahaan.           aligned with the Company’s objectives and targets.


Audit Internal telah melakukan pemeriksaan terhadap sistem      The Internal Audit has conducted reviews of the control
pengendalian seluruh kegiatan finansial dan operasional,        systems covering all financial and operational activities,
kecuali perpajakan, dalam lingkup Perseroan dan anak-           except taxation, within the scope of the Company and
anak perusahaan. Saat ini sistem pengendalian internal          its subsidiaries. Currently, the internal control system
yang diterapkan Perseroan sudah cukup baik. Perseroan           implemented by the Company is considered to be reasonably
sudah memiliki sistem Enterprise Resources Planning             effective. The Company has implemented an Enterprise
dan secara terus-menerus meningkatkan pengendalian              Resource Planning (ERP) system and continues to enhance
internal. Perseroan juga melengkapi proses pengendalian         its internal control practices. The Company complements its
dengan penerapan sistem-sistem teknologi informasi yang         control processes through the implementation of internally
dikembangkan secara internal. Perseroan berkomitmen             developed information technology systems. The Company
untuk terus meningkatkan pengendalian internal dalam            remains committed to continuously strengthening internal
ruang lingkup operasional.                                      controls within its operational activities.

Tinjauan atas Efektivitas Sistem                                Internal Control System and Policy
Pengendalian Internal
Perusahaan telah menerapkan sistem pengendalian internal        The Company has implemented an internal control system
secara memadai, baik pada aspek keuangan maupun                 adequately, covering both financial and operational aspects,
operasional, namun masih terdapat beberapa area yang            although certain areas still have the potential for further
berpotensi untuk terus ditingkatkan guna mencapai               improvement in order to achieve a higher level of excellence.
kinerja pengendalian yang lebih optimal. Dalam upaya            As part of its efforts to enhance the quality of internal
meningkatkan kualitas pengendalian internal, Perusahaan         controls, the Company remains committed to continuously
berkomitmen untuk senantiasa mematuhi seluruh peraturan         complying with all applicable laws, regulations, and
perundang-undangan dan ketentuan yang berlaku.                  prevailing provisions.

Pernyataan Direksi dan/atau Dewan                               Statement of the Directors and/or the Board
Komisaris atas Kecukupan Sistem                                 of Commissioners on the Adequacy of the
Pengendalian Internal                                           Internal Controls System
Direksi dan Dewan Komisaris menyatakan bahwa sistem             The Directors and the Board of Commissioners declare
pengendalian internal di Intiland telah berfungsi secara        that the internal control system at Intiland has functioned
optimal dan efektif dalam membantu pengelolaan berbagai         optimally and effectively in assisting the management of
risiko yang dihadapi. Pencapaian ini meliputi berbagai aspek,   various risks faced. This achievement is reflected in several
seperti operasional yang berjalan efisien, akurasi dalam        key aspects, including efficient operational performance,
pelaporan keuangan, perlindungan aset perusahaan, serta         the reliability of financial reporting, the safeguarding of the
kepatuhan terhadap regulasi yang berlaku.                       Company’s assets, and compliance with applicable laws and
                                                                regulations.



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Komitmen ini juga diwujudkan melalui penyelenggaraan              This commitment is also realized through the regular holding
rapat Komite Audit secara berkala, baik dengan unit               of Audit Committee meetings, both with the internal audit
audit internal, Dewan Komisaris, dan Direksi. Pada                unit, the Board of Commissioners, and the Directors. In
rapat-rapat tersebut hasil temuan Audit Internal yang             these meetings, findings from the Internal Audit that require
membutuhkan tindak lanjut dari Direksi dibahas secara             follow-up from the Directors are routinely discussed to
rutin untuk memperbaiki kekurangan atau ditemukannya              address deficiencies or identify procedural discrepancies.
ketidaksesuaian prosedur.




SISTEM MANAJEMEN RISIKO
RISK MANAGEMENT SYSTEM

Strategi dan kegiatan operasional Perusahaan tidak terlepas       The Company’s strategies and operational activities are
dari berbagai risiko yang dapat memengaruhi kinerja               inherently exposed to various risks that may affect its
usaha. Berbagai ketidakpastian berpotensi menimbulkan             business performance. Various uncertainties may have both
dampak terhadap operasional maupun keberlangsungan                direct and indirect impacts on the Company’s operations and
bisnis Perseroan secara langsung maupun tidak langsung.           business sustainability. To anticipate such risks, the Company
Untuk mengantisipasi hal tersebut, Perseroan menerapkan           implements a risk management framework based on the
manajemen risiko yang mengacu pada COSO Framework                 COSO Framework as a guideline to identify, assess, and
sebagai pedoman dalam mengidentifikasi, menilai, serta            establish mitigation measures in order to minimize both the
menetapkan langkah mitigasi guna meminimalkan dampak              potential impact and likelihood of risks. The implementation
maupun kemungkinan terjadinya risiko. Evaluasi atas               of risk management is also evaluated periodically together
penerapan manajemen risiko juga dilakukan secara berkala          with the management to ensure the effectiveness of the
bersama jajaran manajemen guna memastikan efektivitas             mitigation measures that have been implemented.
langkah mitigasi yang telah diterapkan.


Perseroan mencermati, di tahun 2026, keputusan pembelian          The Company observes that in 2026, property purchasing
properti diperkirakan akan dipengaruhi oleh berbagai              decisions are expected to be influenced by various economic
kondisi ekonomi, seperti tingkat inflasi, suku bunga, daya        conditions, such as inflation rates, interest rates, consumer
beli masyarakat, serta faktor-faktor lainnya. Perseroan akan      purchasing power, and other related factors. The Company
terus mencermati perkembangan dari faktor-faktor tersebut         will continue to monitor developments in these factors as a
sebagai       acuan       dalam    menentukan   langkah-langkah   basis for determining strategic measures to address potential
strategis untuk menghadapi berbagai tantangan yang ada.           challenges. The Risk Management Unit plays an active role in
Unit manajemen risiko berperan aktif dalam mengelola              managing risks comprehensively across all of the Company’s
risiko secara menyeluruh di seluruh segmen bisnis                 business segments, including landed residential, mixed
Perseroan, yang meliputi perumahan, mixed-use & high-rise,        use & high-rise, industrial estates, lease properties, and
kawasan industri, properti sewa, hingga properti investasi.       investment properties. Risk management is carried out in
Pengelolaan risiko dilakukan secara terintegrasi pada             an integrated manner across every stage of the business
setiap tahapan kegiatan usaha, mulai dari perencanaan,            process, from planning, land acquisition, construction,
pembebasan lahan, pembangunan, pemasaran, serah                   marketing, handover, lease to property management.
terima, penyewaan, hingga pengelolaan properti.




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Klasifikasi Risiko                                                        Clasification of Risk
Pada tahun 2025 Perseroan mengklasifikasikan risiko ke                    In 2025, Intiland classified risks into 4 (four) categories,
dalam 4 (empat) kategori, meliputi:                                       including:
1. Risiko Finansial                                                       1. Financial Risks
   Risiko finansial adalah risiko yang dapat memberi                         Financial risk is a form of risk arising from an event that
   dampak kerugian bagi keuangan Perusahaan. Risiko                          adversely affects the Company's financial condition. The
   finansial yang dihadapi Perseroan antara lain:                            types of financial risks include:
   a. Risiko Kredit                                                          a. Credit Risk
       Risiko kredit merupakan risiko yang disebabkan                            Credit risk refers to the risk arising from customers’
       ketidakmampuan           pelanggan      dalam      memenuhi               inability to fulfill their payment obligations in
       kewajiban      pembayaran          sesuai     kontrak.    Untuk           accordance with contractual terms. To mitigate credit
       memitigasi risiko pembayaran kredit, perusahaan                           payment risk, the Company consistently conducts
       secara   konsisten        melakukan           penilaian     dan           regular assessments and updates of customers’
       pembaruan       profil    risiko     kredit     secara    rutin,          credit risk profiles, periodically monitors accounts
       memantau kolektibilitas piutang secara berkala, serta                     receivable collectability, and adjusts its financial
       menyesuaikan strategi keuangan berdasarkan hasil                          strategies based on monitoring results of regulatory
       pemantauan terhadap regulasi, kondisi ekonomi, dan                        developments, economic conditions, and market
       dinamika pasar.                                                           dynamics.
   b. Risiko Likuiditas                                                      b. Liquidity Risk
       Risiko likuiditas merupakan risiko saat Perusahaan                        Liquidity risk is the risk that the Company may
       tidak memiliki kemampuan finansial yang memadai                           not have sufficient financial resources to meet its
       untuk    memenuhi         kewajiban         keuangan      secara          financial obligations on a timely basis. The Company
       tepat waktu. Perusahaan melakukan pemantauan                              mitigates this risk through regular monitoring of cash
       kas dan setara kas secara berkala, penyusunan                             and cash equivalents, the preparation of measured
       proyeksi arus kas yang terukur, dan menjaga rasio                         cash flow projections, and the maintenance of
       keuangan yang sehat. Perusahaan telah berhasil                            sound financial ratios. The Company has successfully
       mencatatkan penurunan utang secara signifikan                             recorded a significant reduction in debt through the
       melalui penerapan strategi deleveraging dengan cara                       implementation of deleveraging strategies, including
       melunasi, mengurangi, refinancing beban utang dan                         debt repayment, reduction, refinancing of debt and
       bunga, hingga penjualan aset non-core.                                    interest burdens, as well as the disposal of non-core
                                                                                 assets.
   c. Risiko Permodalan                                                      c. Capital Risks
       Risiko permodalan berkaitan dengan pendanaan                              Capital risk relates to the availability of funding
       untuk mendukung pertumbuhan bisnis. Risiko ini                            to support business growth. This risk may result
       dapat menyebabkan ketidakcukupan jumlah modal,                            in insufficient capital levels, potentially disrupting
       mengganggu stabilitas keuangan, dan pertumbuhan                           financial stability and business expansion. The
       usaha. Perusahaan menjaga hubungan baik dengan                            Company maintains strong relationships with
       lembaga keuangan dan investor untuk mendapat                              financial institutions and investors to secure optimal
       sumber pendanaan yang optimal, serta rutin                                funding sources and regularly publishes disclosures
       memublikasikan berita dan siaran pers terkait                             and press releases to provide investors with relevant
       informasi dan data yang diperlukan Investor.                              information and data. In addition, the Company
       Perusahaan juga melakukan ekspansi usaha dengan                           pursues business expansion through joint venture
       skema joint venture.                                                      schemes.
   d. Risiko Mata Uang Asing                                                 d. Foreign Currency Risk
       Risiko ini berkaitan dengan eksposur fluktuasi mata                       Foreign exchange risk relates to exposure to
       uang asing yang timbul dari transaksi lintas negara                       fluctuations in foreign currencies arising from cross-
       yang meliputi kegiatan operasional seperti impor                          border transactions, including operational activities
       bahan baku, atau penyedia jasa dari luar negeri.                          such as the import of raw materials or the use of
       Jumlah eksposur mata uang asing secara keseluruhan                        overseas service providers. Overall foreign currency
       pengaruhnya cukup kecil karena sebagian besar                             exposure remains limited, as the majority of service


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          penyedia jasa dan bahan baku berasal dari pemasok               providers and raw materials are sourced from local
          lokal. Seluruh transaksi penjualan Perusahaan                   suppliers. All of the Company’s sales transactions are
          dilakukan menggunakan mata uang Rupiah.                         conducted in Indonesian Rupiah.


2. Risiko Operasional                                             2. Operational Risk
     Risiko operasional dapat timbul akibat kegagalan                  Operational risk may arise from failures in the
     pada penerapan prosedur internal, faktor sumber daya              implementation of internal procedures, human resource
     manusia, maupun gangguan sistem dan infrastruktur                 factors, or disruptions to systems and technological
     teknologi. Dalam memitigasi risiko sumber daya                    infrastructure. To mitigate human resource-related risks,
     manusia, Perseroan melakukan pemetaan kompetensi                  the Company conducts employee competency mapping,
     karyawan, memberi pelatihan, dan membuat program                  provides training programs, and implements successor
     pengembangan talent successor. Dalam memitigasi risiko            talent development initiatives. To address system and
     sistem dan teknologi, Perusahaan menjaga keamanan                 technology risks, the Company maintains information
     sistem informasi, seperti proteksi perangkat dan sistem,          system security through device and system protection
     serta memberi edukasi ke karyawan mengenai antisipasi             measures and provides employee awareness programs
     serangan siber. Perusahaan juga memiliki disaster                 on cyber security threats. The Company also maintains
     recovery plan yang memadai guna mengantisipasi                    an adequate disaster recovery plan to anticipate
     kendala sistem dan memastikan ketersediaan data.                  system disruptions and ensure data availability.


     Untuk memitigasi risiko operasional lahan, Perusahaan             To mitigate land-related operational risks, the Company
     rutin melakukan pengawasan, audit status hukum                    conducts regular monitoring, audits the legal and
     dan perizinan lahan, serta mengembangkan sistem                   permitting status of land assets, and develops systems to
     untuk memastikan data lahan terdokumentasi dengan                 ensure proper documentation of land data. In addition,
     baik. Perseroan juga merencanakan proyek baru secara              the Company carries out thorough project planning,
     matang, memantau progres pekerjaan proyek secara                  periodically monitors project progress, and implements
     berkala, dan melakukan perbaikan berkelanjutan agar               continuous improvement initiatives to ensure that
     proses bisnis internal berjalan optimal.                          internal business processes operate optimally.


3. Risiko Strategis                                               3. Strategic Risk
     Risiko strategis merupakan risiko yang disebabkan oleh            Strategic risk refers to the risk arising from inappropriate
     rencana dan penerapan strategi yang tidak tepat. Lini             strategic planning and execution. The Company’s
     bisnis properti yang dikembangkan Perseroan mulai dari            business lines encompass landed residential, mixed
     perumahan, mixed use & high rise, kawasan industri,               use & high-rise, industrial estates, and investment
     hingga properti investasi. Setiap segmen menyumbang               properties. Each segments contributes to enhancing
     peran      dalam       meningkatkan   performa   keuangan         the Company’s financial performance. In addition
     Perseroan. Selain menggunakan strategi joint venture,             to adopting joint venture strategies, the Company
     Perseroan juga melakukan pertimbangan menyeluruh                  undertakes comprehensive assessments in development
     dalam         perencanaan      pembangunan,      perluasan        planning, business diversification initiatives, expansion
     diversifikasi usaha, menambah sumber recurring income,            of recurring income sources, optimization of promotional
     mengoptimalkan saluran promosi melalui iklan di media             channels through online advertising, and continuous
     daring, dan berinovasi guna menciptakan nilai tambah              innovation to create added value and competitive
     dan keunggulan dalam setiap proyek yang dipasarkan.               advantages across its marketed projects.


4. Risiko Eksternal                                               4.   External Risk
     Risiko eksternal perusahaan properti disebabkan oleh              External risk arises from factors beyond the Company’s
     faktor-faktor di luar kendali langsung Perusahaan yang            direct control that may affect market conditions,
     dapat memengaruhi pasar, operasional, keuangan, dan               operations, financial performance, and reputation. In
     reputasi. Pada tahun 2025 terdapat beberapa risiko                2025, external risks faced by the Company included
     eksternal yang dihadapi Perseroan yakni penurunan                 declining consumer purchasing power, elevated interest
     daya beli masyarakat, tingkat suku bunga yang tinggi              rates during the early part of the year, investment climate



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   pada kuartal awal, iklim investasi, dan regulasi properti.      conditions, and property-related regulations. To mitigate
   Untuk mengantisipasi hal tersebut Perseroan fokus               these risks, the Company focused on developing projects
   dalam pengembangan proyek di segmen perumahan                   in the residential and industrial estate segment.
   dan kawasan industri.


   Perseroan juga mencermati kondisi politik, ekonomi,             The Company closely monitors political, economic,
   sosial, teknologi, lingkungan, dan regulasi yang berlaku.       social, technological, environmental, and regulatory
   Risiko eksternal lainnya adalah perubahan preferensi            (PESTEL) conditions. Another external risk relates to
   konsumen yang dapat memengaruhi permintaan dan                  changes in consumer preferences, which may affect
   nilai properti. Untuk mengantisipasi hal tersebut,              property demand and value. To anticipate such changes,
   Perseroan melakukan pemantauan tren dan penyesuaian             the Company continuously monitors market trends and
   strategi dalam menawarkan konsep properti yang sesuai.          adjusts its strategies in offering property concepts that
                                                                   align with evolving consumer preferences.

Upaya Pengelolaan dan Mitigasi Risiko                           Risk Management and Mitigation Measures
Perseroan terus menjalankan pengelolaan dan mitigasi            The Company continues to implement risk management and
risiko di tahun 2025 dengan fokus antara lain:                  mitigation in 2025, with a focus on the following areas:
1. Menerapkan standar pemantauan progres manajemen              1. Implementing effective project management progress
   proyek yang efektif untuk mengurangi peningkatan                monitoring standards to mitigate the risk of cost
   biaya dan keterlambatan serah terima ke konsumen.               overruns and delays in handover to customers.
2. Melakukan strategi deleveraging dengan cara melunasi,        2. Executing    deleveraging       strategies     through        debt
   mengurangi, atau refinancing beban utang dan bunga.             repayment, reduction, or refinancing to manage debt
                                                                   and interest burdens.
3. Analisa aset landbank yang dimiliki untuk proyek baru        3. Conducting comprehensive analysis of the Company’s
   maupun menambah diversifikasi usaha.                            land bank assets for the development of new projects
                                                                   and business diversification.
4. Mengembangkan bisnis bersama mitra strategis melalui         4. Developing business initiatives with strategic partners
   skema joint venture.                                            through joint venture schemes.
5. Aktif melakukan pemasaran digital dengan pembuatan           5. Actively enhancing digital marketing efforts through the
   konten interaktif, serta mengoptimalkan saluran promosi         development of interactive content and optimization of
   melalui iklan di media daring guna meningkatkan                 online advertising channels to expand market reach and
   jangkauan informasi dan komunikasi ke konsumen                  strengthen communication with property consumers.
   properti.
6. Pemanfaatan Peraturan Menteri Keuangan (PMK) No. 13          6. Leveraging Government regulations, including Minister
   Tahun 2025 dan PMK No. 60 Tahun 2025 tentang insentif           of Finance Regulation (PMK) No. 13 of 2025 and PMK No.
   tambahan PPN atas penyerahan rumah tapak dan satuan             60 of 2025, which provide additional Value Added Tax
   rumah susun yang ditanggung Pemerintah.                         (VAT) incentives on the delivery of landed houses and
                                                                   apartment units borne by the Government.
7. Memfokuskan penjualan pada unit siap pakai, terutama         7. Prioritizing the sale of ready stock units, particularly
   untuk tipe properti high rise, serta melanjutkan                in the high-rise segment, while continuing project
   pengembangan proyek-proyek perumahan dan kawasan                development in landed residential and industrial estate
   industri.                                                       segment.
8. Mengoptimalkan strategi penyewaan sesuai kebutuhan           8. Optimizing leasing strategies in line with prevailing
   pasar.                                                          market demand.
9. Meningkatkan okupansi penyewaan perkantoran dengan           9. Increasing office leasing occupancy rates by securing new
   mencari penyewa baru dan merancang strategi retensi             tenants and implementing tenant retention strategies to
   penyewa untuk mempertahankan tingkat okupansi dan               sustain occupancy rate and profitability.
   profitabilitas.




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10. Melakukan pemetaan kompetensi karyawan, memberi               10. Enhancing    human      capital   management      through
     pelatihan, serta membuat program pengembangan                   employee competency mapping, training programs, and
     talent successor.                                               the development of successor talent programs.
11. Mencermati tren pasar, kondisi perekonomian, regulasi         11. Closely monitoring market trends, macroeconomic
     terbaru, dan preferensi konsumen sebagai acuan strategi         conditions, regulatory developments, and consumer
     bisnis.                                                         preferences as key inputs in formulating the Company’s
                                                                     business strategies.

Tinjauan atas Efektivitas Sistem Manajemen                        Evaluation on the Effectivity of Risk
Risiko                                                            Management System
Sepanjang tahun 2025, proses peninjauan atas sistem               Throughout 2025, the Company review of its risk management
manajemen risiko Perseroan berjalan secara efektif dalam          system was carried out effectively in identifying, assessing,
mengidentifikasi, mengevaluasi, dan mengelola risiko pada         and managing risks across all business activities. Mitigation
setiap aktivitas usaha. Langkah mitigasi dijalankan secara        measures were implemented proactively to respond to
proaktif guna merespon perubahan kondisi internal maupun          changes in both internal and external conditions, including
eksternal, termasuk dinamika ekonomi, kebijakan, dan              evolving economic dynamics, regulatory developments, and
tantangan industri yang berkembang.                               industry challenges.


Perseroan menerapkan pendekatan manajemen risiko                  The Company applies a systematic risk management
secara sistematis di seluruh lini operasional, mulai dari tahap   approach across all operational lines, from planning
perencanaan, pengembangan, hingga pengelolaan properti,           and development to property management, through
melalui pemetaan tingkat risiko yang komprehensif pada            comprehensive risk mapping in each business segment.
setiap segmen usaha. Evaluasi dilakukan secara berkala            Evaluations are conducted periodically to ensure that
untuk memastikan strategi mitigasi tetap relevan dan adaptif      mitigation strategies remain relevant and adaptive to
terhadap dinamika pasar. Melalui penerapan tersebut,              market dynamics. Through these measures, the Company’s
sistem manajemen risiko Perseroan mampu menjaga                   risk management system has effectively safeguarded
stabilitas operasional dan mendukung pertumbuhan usaha            operational stability and supported sustainable business
yang berkelanjutan.                                               growth.

Pernyataan Direksi dan/atau Dewan                                 Statement of The Directors and/or Board of
Komisaris atau Komite Audit atas Kecukupan                        Commissioners or Audit Committee on The
Sistem Manajemen Risiko                                           Adequacy of The Risk Management System
Dewan Komisaris dan Direksi menilai bahwa penerapan               The Board of Commissioners and the Directors assess
sistem manajemen risiko di sepanjang tahun 2025 telah             that the implementation of the risk management system
mencukupi dalam mengantisipasi dan mengelola berbagai             throughout 2025 has been adequate in anticipating and
tantangan yang dihadapi Perusahaan. Melalui model                 managing various challenges faced by the Company. Through
pendekatan yang terstruktur, setiap potensi risiko dapat          a structured approach, each potential risk can be accurately
diidentifikasi dan dimitigasi secara akurat dan tepat             and effectively identified and mitigated to maintain
untuk menjaga stabilitas operasional serta mendukung              operational stability and support business sustainability.
keberlanjutan usaha.


Perseroan melakukan peninjauan manajemen risiko secara            The Company conducts regular risk management reviews
berkala untuk memastikan strategi mitigasi tetap sesuai           to ensure that mitigation strategies remain aligned with
dengan perkembangan dan perubahan kondisi eksternal               developments and changes in both external and internal
maupun internal. Manajemen berkomitmen untuk selalu               conditions. Management is committed to continuously
memperkuat sistem manajemen risiko agar tetap adaptif             strengthening the risk management system to remain
dan responsif terhadap dinamika bisnis di masa mendatang.         adaptive and responsive to future business dynamics.




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PERKARA HUKUM
LITIGATIONS

Perseroan menghadapi sejumlah perkara hukum baik secara     The Company faces several legal cases, both directly and
langsung maupun tidak langsung melalui entitas anak         indirectly through its subsidiaries. These legal cases include
Perusahaan. Perkara-perkara hukum tersebut mencakup         civil disputes that have entered the judicial process and may
perkara perdata yang telah masuk proses peradilan dan       potentially have either a significant or negligible impact on
dapat berpotensi membawa dampak signifikan maupun           the Company.
tidak terhadap Perseroan


Berikut daftar perkara hukum yang dihadapi Perseroan di     Here is the list of legal cases faced by the Company in 2025:
tahun 2025:
a. PT Taman Harapan Indah (THI), entitas anak, mengajukan   a. PT Taman Harapan Indah (THI), a subsidiary, filed three
   tiga (3) gugatan kepada pihak-pihak ketiga, yaitu:          (3) lawsuits against third parties, follows:
   1. Gugatan kepada Gubernur DKI Jakarta di Pengadilan        1. Lawsuit against the Governor of DKI Jakarta at
      Tata Usaha Negara (PTUN) Jakarta dalam kaitannya             the Court of Tata Usaha Negara (PTUN) Jakarta
      dengan Keputusan Gubernur DKI Jakarta No.                    in connection with the Decree of the Governor of
      1409 Tahun 2018 tanggal 6 September 2018 yang                DKI Jakarta No. 1409 Year 2018 dated September
      mencabut Surat Keputusan Gubernur DKI Jakarta No.            6, 2018 which revoked the Decree of the Governor
      2637 Tahun 2015 tanggal 30 November 2015 tentang             of DKI Jakarta No. 2637 Year 2015 dated November
      Pemberian Izin Pelaksanaan Reklamasi Pulau H                 30, 2015 concerning Granting of Permit for Pulau H
      kepada THI. Sengketa ini terdaftar dengan No.                Reclamation Implementation to THI. This dispute
      24/G/2019/PTUN Jakarta dan dalam proses banding              is registered with No. 24/G/2019/PTUN Jakarta and
      karena Gubernur DKI Jakarta keberatan terhadap               in the appeal process because of the Governor of
      putusan PTUN Jakarta yang memenangkan gugatan                DKI Jakarta objected to the PTUN Jakarta’s decision
      THI.                                                         which THI won the lawsuit.


      Banding telah diputus PTUN Jakarta pada tanggal              The appeal has been decided by PTUN Jakarta on
      2 Desember 2019 dalam nomor putusan banding                  December 2, 2019 in the appeal decision number No.
      No. 268/B/2019/PTUN-JKT dengan putusannya,                   268/B/2019/PTUN-JKT with its decision, canceling
      membatalkan putusan PTUN Jakarta No. 24/6/2019/              the decision of PTUN Jakarta No. 24/6/2019/PTUN
      PTUN tanggal 9 Juli 2019.                                    on July 9, 2019.


      Atas putusan tersebut, pada tanggal 23 Desember              In lieu of this decision, THI has filed another appeal
      2019, THI telah mengajukan kasasi ke Mahkamah                to the Supreme Court on December 23, 2019. The
      Agung. Hasil kasasi ini diputuskan oleh Mahkamah             Supreme Court issued the decision letter No. 227/K/
      Agung dengan surat putusan No. 227/K/TUN/2020                TUN/2020 dated June 4, 2020 with the decision
      tanggal 4 Juni 2020 dengan putusannya menolak                rejecting THI’s appeal.
      permohonan kasasi THI.


      THI melalui kuasa hukumnya melakukan upaya                   THI through its legal counsel took legal action by
      hukum dengan mengajukan Peninjauan Kembali (PK)              submitting a Judicial Review (PK) of the Supreme
      atas Putusan MA tersebut. Hasil PK ini diputuskan            Court’s Decision. The result of this PK were decided
      oleh Mahkamah Agung dengan surat putusan No.                 by the Supreme Court with a decision letter No.
      84/PK/TUN/2021 tanggal 19 Agustus 2021 dengan                84/PK/TUN/2021 dated August 19, 2021 with its
      putusannya membatalkan hasil Putusan Mahkamah                decision cancelling the results of the Supreme Court’s
      Agung No. 227/K/TUN/2020 tanggal 4 Juni 2020 dan             Decision No. 227/K/TUN/2020 dated June 4, 2020




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          Keputusan Gubernur DKI Jakarta No. 1409 Tahun             and the Decree of the Governor of DKI Jakarta No.
          2018 tanggal 6 September 2018 tentang pemberian           1409 Year 2018 dated September 6, 2018 concerning
          izin pelaksanaan reklamasi Pulau H kepada THI.            the granting of permits for the reclamation of Pulau
                                                                    H to THI.


          Atas hasil putusan PK tersebut, manajemen THI             Based on the results of the PK decision, THI
          telah mengirimkan surat kepada Gubernur DKI               management has sent a letter to the Governor of
          Jakarta pada tanggal 14 Desember 2021 meminta             DKI Jakarta on December 14, 2021 request for further
          permohonan arahan selanjutnya atas proses dan             directions on the processes and procedures that must
          prosedur yang harus ditempuh terkait dengan               be followed in relation to the implementation of the
          pelaksanaan reklamasi Pulau H. Manajemen THI              reclamation of Pulau H. THI management has received
          telah menerima tanggapan surat tersebut dari              a response to the letter from the Governor of DKI
          Gubernur DKI Jakarta pada tanggal 8 Juni 2022             Jakarta on June 8, 2022 which contains an affirmation
          yang berisikan penegasan bahwa pada prinsipnya            that in principle the Provincial Government of DKI
          Pemerintah Provinsi DKI Jakarta taat hukum dan            Jakarta obeys the law and the provisions of laws and
          ketentuan peraturan perundangundangan serta               regulations and respect the results of the judicial
          menghormati hasil proses peradilan termasuk               process including the Judicial Review Decision of the
          Putusan Peninjauan Kembali Mahkamah Agung                 Supreme Court of the Republic of Indonesia Number
          Republik Indonesia Nomor 84 PK/TUN/2021 tanggal           84 PK/TUN/2021 dated August 19, 2021.
          19 Agustus 2021.


     2. Gugatan kepada Badan Pertanahan Nasional (BPN)           2. Lawsuit against Badan Pertanahan Nasional (BPN)
          terkait Surat Keputusan No. 1/PTT-HGB/KEM-ART/            regarding Decree No. 1/PTT-HGB/KEM-ART/BPN/
          BPN/IV/2019 tanggal 22 April 2019 dari Kementrian         IV/2019 dated April 22, 2019 from the Agrarian
          Agraria yang menetapkan tanah milik THI di Tegal          Ministry which established THI’s land in Tegal Ratu,
          Ratu, Ciwandan dengan SHGB No. 17 dan luas tanah          Ciwandan with SHGB No. 17 and with total area of
          68.028 m2 sebagai tanah terlantar. PTUN Jakarta           68,028 m2, as an abandoned land. PTUN Jakarta won
          memenangkan gugatan THI berdasarkan Putusan               the THI lawsuit based on Decision No. 159/G/2019/
          No.     159/G/2019/PTUN/JKT.   Perkara   ini   masih      PTUN/JKT. This case is still ongoing because BPN
          berlanjut oleh karena BPN melakukan banding               has appealed the decision and is currently being
          atas putusan tersebut dan saat ini sedang dalam           investigated at the Supreme Court level. The total
          pemeriksaan di Tingkat Mahkamah Agung. Adapun             dispute land value amounted to Rp20,581,115,316.
          jumlah nilai tanah yang dipersengketakan sebesar
          Rp20.581.115.316.


     3. Gugatan kasasi kepada Kudun, Muryati, dan Mawi           3. Lawsuit against Kudun, Muryati, and Mawi (heirs
          (ahli waris dari Hj. Alimah Suja alias Alisma Sudja)      of Hj. Alimah Suja as known as Alisma Sudja)
          (Tergugat) terkait putusan Pengadilan Tinggi DKI          (Defendant) regarding the decision of the DKI Jakarta
          Jakarta No. 244/Pdt/2021/PT DKI tanggal 30 Juli 2021      High Court No. 244/Pdt/2021/PT DKI dated July 30,
          yang menetapkan bahwa objek sengketa berdasarkan          2021 which stipulates that the object dispute based
          SHM Nomor 02282 atas nama Alisma Sudja adalah             on SHM Number 02282 in the name of Alisma Sudja
          milik sah Tergugat. Bahwa perbuatan Penggugat             is the legal property of the Defendant. That the
          yang telah menguasai tanah objek sengketa sejak           actions of the Plaintiff, who has controlled the land
          tahun 1989, tanpa alas hak yang sah berupa surat          subject to dispute since 1989, without a legal basis
          peralihan hak dari pemilik kepada Penggugat adalah        in the form of a letter of transfer of rights from the
          perbuatan melawan hukum. Perkara sudah diputus            owner to the Plaintiff, is an unlawful act. The case
          pada tanggal 30 November 2022 dengan hasil                was decided on November 30, 2022 with the result
          putusannya menolak permohonan kasasi Penggugat.           of the decision rejecting the Plaintiff’s cassation




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       Atas putusan kasasi tersebut, Penggugat berencana               request. Based on the cassation decision, the Plaintiff
       mengajukan Peninjauan Kembali ke Mahkamah                       plans to submit a judicial review to the Supreme
       Agung.      Sampai dengan tanggal penyelesaian                  Court. As of the completion date of the consolidated
       laporan keuangan konsolidasian, perkara tersebut                financial statements, the case is still in the process
       masih dalam proses pengajuan Peninjauan Kembali.                of submitting a judicial review. The total value of the
       Adapun jumlah nilai tanah yang dipersengketakan                 dispute is Rp15,600,000,000.
       sebesar Rp15.600.000.000.


b. Terkait     perkara   hukum       yang   berkaitan   dengan   b. Regarding the legal case related to the management and
   pengelolaan dan penggunaan dana investasi, salah satu            use of investment funds, one of the convicts in the case
   terpidana dalam kasus tersebut telah dijatuhi hukuman            has been sentenced to additional criminal penalties in
   pidana tambahan berupa pembayaran uang pengganti                 the form of payment of compensation on February 26,
   pada 26 Februari 2021. Namun, hingga batas waktu yang            2021. However, until the specified deadline, the payment
   ditentukan, pembayaran tersebut belum direalisasikan.            was not realized. In 2023, the Central Jakarta District
   Pada tahun 2023, Kejaksaan Negeri Jakarta Pusat dan              Attorney’s Office and the Attorney General’s Office of the
   Pusat Pemulihan Aset Kejaksaan Agung RI, secara keliru           Republic of Indonesia’s Asset Recovery Center, wrongly
   dan tanpa dasar hukum yang jelas melakukan sita                  and without a clear legal basis, carried out an execution
   eksekusi atas aset tanah milik PT Perkasalestari Utama           seizure of land assets belonging to PT Perkasalestari
   (PLU), entitas anak, yaitu 6 bidang tanah di Desa Buaran         Utama (PLU), a subsidiary, totaling 6 plots of land in
                                 2
   – Pakuhaji seluas 25.590 m dan 8 bidang tanah di Desa            Buaran Village – Pakuhaji covering an area of 25,590
   Kayu Agung – Sepatan seluas 17.025 m2. Penyitaan                 m2 and 8 plots of land in Kayu Agung Village – Sepatan
   ini didasarkan pada anggapan bahwa tanah tersebut                covering 17,025 m2. This arrangement is based on the
   merupakan bagian dari aset yang terkait dengan perkara           assumption that the land is part of the assets related to
   tersebut. Namun, faktanya, PLU memperoleh tanah                  the case. However, in fact, PLU obtained the land through
   tersebut melalui transaksi jual beli dengan PT Permata           a sale and purchase transaction with PT Permata Ratna
   Ratna Mulia (PRM) pada tahun 2010. PRM sendiri tidak             Mulia (PRM) in 2010. PRM itself has no connection, either
   memiliki keterkaitan, baik secara langsung maupun tidak          directly or indirectly, with the party involve in the case.
   langsung, dengan pihak yang terlibat dalam perkara
   tersebut.


   Atas dasar ini, PLU dan Perusahaan telah mengajukan              On this basis, PLU and the Company have filed a lawsuit
   gugatan perbuatan melawan hukum, yang telah                      for unlawful acts which has been registered in case
   terdaftar dalam perkara nomor 12/Pdt.G/2024/PN di                number 12/Pdt.G/2024/PN at the Central Jakarta District
   Pengadilan Negeri Jakarta Pusat. Hasil putusan dari              Court. The decision of the Central Jakarta Disctrict Court
   Pengadilan Negeri Jakarta Pusat menyatakan menolak               stated that it rejected PLU and the Company’s lawsuit.
   gugatan PLU dan Perusahaan. Atas putusan ini, PLU dan            Regarding this decision, PLU and the Company filed an
   Perusahaan mengajukan banding dan kemudian kasasi.               appeal and subsequently a cassation. As of the date of
   Sampai dengan tanggal penyelesaian laporan keuangan              completion of the consolidated financial statements, the
   konsolidasian, perkara tersebut masih menunggu dalam             case is still pending cassation examination process at the
   proses pemeriksaan kasasi di Mahkamah Agung.                     Supreme Court.


   Potensi kerugian akibat perkara tersebut, berdasarkan            The potential loss due to the case, based on the estimated
   estimasi nilai objek tanah yang disita secara keliru,            value of the land object that was wrongly confiscated,
   mencapai Rp17.241.901.155.                                       reached Rp17,241,901,155.




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c. PT Raharja Mitra Familia (RMF), entitas anak, menghadapi         c. PT Raharja Mitra Familia (RMF), a subsidiary, facing two
     dua (2) gugatan dari pihak-pihak ketiga, yaitu:                   (2) lawsuits from third parties, follows:
     1. Gugatan dari pihak ketiga berdasarkan perkara No.              1. A lawsuit from a third party under case No. 146/
          146/Pdt.G/2023/ PN.Jkt.Pst tanggal 1 Maret 2023                  Pdt.G/2023/PN.Jkt.Pst dated March 1, 2023, related to
          terkait sebidang tanah seluas 1.103,66 m2 yang terletak          a plot of land measuring 1,103.66 m2 located in Kebon
          di Kebon Melati. Pada tanggal 16 November 2023                   Melati. On November 16, 2023, the District Court
          putusan Pengadilan Negeri menyatakan putusan                     issued an interim rulling. The plaintiff then filed an
          sela. Penggugat kemudian melakukan banding                       appeal on December 12, 2023. On July 23, 2024, the
          pada tanggal 12 Desember 2023. Pada tanggal 23                   High Court issued a decision upholding the District
          Juli 2024, Pengadilan Tinggi mengeluarkan putusan                Court’s interim rulling. The plaintiff subsequently
          untuk menyetujui putusan sela Pengadilan Negeri.                 filed a cassation on September 2, 2024 and the
          Penggugat kemudian mengajukan kasasi pada                        decision rejecting the cassation application was
          tanggal 2 September 2024 dengan hasil putusannya                 rendered on October 9, 2025.
          permohonan kasasi ditolak pada tanggal 9 Oktober
          2025.


     2. Gugatan dari pihak ketiga berdasarkan perkara No.              2. A lawsuit from a third party based on case No. 177/
          177/Pdt.G/2023/ PN.Jkt.Pst tanggal 19 Maret 2024                 Pdt. G/2023/PN.Jkt.Pst dated March 19, 2024, related
          terkait sebidang tanah seluas 29.855 m2 yang terletak            to a plot of land measuring 29,855 m2 located in Kebon
          di Kebon Melati yang tidak dimiliki seluruhnya oleh              Melati that is not fully owned by RMF. The plaintiff is
          RMF. Penggugat meminta sita jaminan terhadap                     requesting a lien on the land. On November 21, 2024,
          tanah tersebut. Pada tanggal 21 November 2024,                   the District Court granted the request for a lien on
          Pengadilan Negeri mengabulkan permintaan sita                    17,510 m2 of land, that is not owned by RMF.
          jaminan untuk tanah seluas 17.510 m2 yang bukan
          merupakan milik RMF.


          Banding telah diputus Pengadilan Tinggi Jakarta pada             The appeal has been decided by High Court Jakarta on
          tanggal 26 Mei 2025 dalam nomor putusan banding                  May 26, 2025 in the appeal decision number No. 565/
          No. 565/PDT/2025/PT DKI dengan putusannya,                       PDT/2025/PT DKI with its decision, canceling Central
          membatalkan putusan Pengadilan Negeri Jakarta                    Jakarta District Court decision No. 177/Pdt.G/2023/
          Pusat No. 177/Pdt.G/2023/PN.Jkt.Pst tanggal 19                   PN.Jkt.Pst dated March 19, 2024 and canceling the
          Maret 2024 dan membatalkan sita jaminan.                         lien on the land.


          Penggugat kemudian mengajukan kasasi pada                        The plaintiff subsequently filed a cassation on June
          tanggal 18 Juni 2025 dengan hasil putusan kasasi                 18, 2025, and the cassation decision Number 4673
          Nomor 4673 K/PDT/2025 tertanggal 12 November                     K/PDT/2025 dated November 12, 2025, upheld High
          2025 menguatkan Putusan Pengadilan Tinggi Jakarta                Court Jakarta Decision and has obtained permanent
          dan telah berkekuatan hukum tetap.                               legal force.


d. PT Intiland Grande (IG), entitas anak, mengajukan                d. PT Intiland Grande (IG), a subsidiary, filed a claim for
     gugatan perbuatan melawan hukum kepada pihak-                     an unlawful act against third parties in Civil Case No.
     pihak ketiga, dalam Perkara Perdata No. 196/Pdt.G/2024/           196/Pdt.G/2024/PN.Sby at the Surabaya District Court
     PN.Sby di Pengadilan Negeri Surabaya pada tanggal 15              on February 15, 2024, in connection with a dispute
     Februari 2024 terkait dengan sengketa kepemilikan atas            over the ownership of 10 (ten) parcels of land that are
     10 (sepuluh) bidang tanah yang telah bersertifikat dalam          certified under Building Use Rights Certificates (SHGB),
     bentuk Sertifikat Hak Guna Bangunan (SHGB) dengan                 with a total area of approximately 48,704 m2, located in




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   jumlah seluas kurang lebih 48.704 m2 yang terletak di            Surabaya. On December 10, 2024, the Surabaya District
   Surabaya. Pada tanggal 10 Desember 2024, Pengadilan              Court rendered a decision declaring that it does not have
   Negeri    Surabaya    memutuskan       dan     menyatakan        the authority to examine and adjudicate the case.
   Pengadilan Negeri Surabaya tidak berwenang memeriksa
   dan mengadili perkara ini.


   Pada tanggal 23 Desember 2024, IG kemudian                       On December 23, 2024, IG subsequently filed an
   mengajukan Permohonan Banding ke Pengadilan Tinggi               appeal with the Surabaya High Court, which resulted
   Surabaya dengan hasil keputusannya membatalkan                   in a decision overturning the Surabaya District Court
   Putusan    Pengadilan    Negeri     Surabaya    No.    196/      Decision No. 196/Pdt.G/2024/PN.Sby and ordering the
   Pdt.G/2024/PN.Sby dan memerintahkan Pengadilan                   Surabaya District Court to examine the merits of the
   Negeri Surabaya untuk melakukan pemeriksaan pokok                case. Subsequently, on July 23, 2025, the Surabaya High
   perkara. Kemudian pada tanggal 23 Juli 2025, Pengadilan          Court issued a final appellate decision, declaring that the
   Tinggi Surabaya mengeluarkan putusan akhir pada                  Defendant had committed an unlawful act against the
   Tingkat Banding yang menyatakan bahwa Tergugat                   Plaintiff and that the Plaintiff is the lawful owner of 10
   telah melakukan perbuatan melawan hukum terhadap                 (ten) parcels of land with a total area of approximately
   Penggugat dan bahwa Penggugat adalah pemilik sah                 48,704 m2, located in Surabaya.
   atas 10 (sepuluh) bidang tanah seluas kurang lebih
   48.704 m2 yang terletak di Surabaya.


   Terhadap Putusan Pengadilan Tinggi Surabaya No. 69/              With respect to the Surabaya High Court Decision No. 69/
   PDT/2025/PT.Sby tertanggal 23 Juli 2025, Tergugat                PDT/2025/PT.Sby dated July 23, 2025, the Defendant filed
   mengajukan Permohonan Kasasi terhadap Putusan                    a petition for cassation against the Surabaya High Court
   Pengadilan   Tinggi   Surabaya      dan   diikuti   dengan       decision, followed by the submission of the Cassation
   menyerahkan Memori Kasasi pada tanggal 20 Agustus                Memodandum on August 20, 2025. As of the date of
   2025. Sampai dengan tanggal penyelesaian laporan                 completion of the consolidated financial statements,
   keuangan konsolidasian, Mahkamah Agung Republik                  the Supreme Court of the Republic of Indonesia has not
   Indonesia belum memberitahukan hasil Putusan Tingkat             yet notified the parties of the outcome of the cassation
   Kasasi kepada para pihak.                                        decision.


Perseroan meyakini bahwa perkara hukum yang dihadapi             The Company believes that the legal cases it faces are
merupakan bagian dari dinamika usaha yang dapat dikelola         part of normal business dynamics and are being managed
dengan baik, dalam batas yang wajar dan tidak berdampak          appropriately, within reasonable limits and without material
material. Oleh karena itu, seluruh perkara tersebut tidak        impact. Accordingly, such cases do not have a significant
memengaruhi     secara   signifikan    kelangsungan      usaha   effect on the Company’s business continuity.
Perseroan.




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SANKSI ADMINISTRATIF
ADMINISTRATIVE SANCTION

Perseroan maupun anggota Dewan Komisaris atau Direksi       The Company or members of the Board of Commissioners
tidak menerima sanksi administratif dari pihak otoritas     or the Directors did not receive any administrative sanctions
terkait di tahun 2025.                                      imposed by the relevant authorities in 2025.




KODE ETIK PERUSAHAAN
CODE OF CONDUCT

Kode Etik Perusahaan memuat tentang standar norma dan       The Company’s Code of Conduct contains the norms and
etika bisnis yang berlaku di Intiland sebagai perwujudan    standards of business ethics that apply at Intiland as an
nilai-nilai Perusahaan. Kode Etik merupakan panduan bagi    embodiment of the Company’s values. The Code of Conduct
seluruh organ Perusahaan dalam bersikap, berperilaku, dan   is a guide for all Company organs in behaving and making
mengambil keputusan. Dalam melaksanakan tugas dan           decisions. In carrying out their duties and responsibilities as
tanggung jawab sebagai individu Perusahaan, maka seluruh    individuals in the Company, all Company organs, starting
organ Perusahaan, mulai dari Dewan Komisaris, Direksi,      from the Board of Commissioners, Directors, and all
maupun seluruh karyawan wajib mengacu pada Kode Etik        employees, must refer to the Company’s Code of Conduct.
Perusahaan.

Isi Pokok Kode Etik                                         The Substance of the Code of Conduct
Pokok-pokok Kode Etik Intiland mencakup antara lain:        The key points of the Company’s Code of Conduct are as
                                                            follows:
1. Etos kerja.                                              1. Work ethics.
2. Komunikasi terbuka.                                      2. Open communication.
3. Perbuatan tercela.                                       3. Disgraceful act.
4. Informasi rahasia.                                       4. Confidential information.
5. Kesehatan dan keselamatan kerja.                         5. Occupational Health and Safety.
6. Penggunaan atau pemanfaatan sarana dan fasilitas milik   6. Utilization of Intiland’s means and facilities.
     Intiland.
7. Benturan kepentingan yang menyangkut:                    7. Conflict of interest regarding the following:
     a. Pekerjaan sampingan.                                   a. Side job.
     b. Hubungan keluarga.                                     b. Familial relationship.
     c. Menerima hadiah, komisi, jamuan makan, gathering,      c. Receiving gifts, commission, invitation to meals and
          hiburan, dan perjalanan.                                 to gatherings, entertainment, and traveling package.
8. Menerima suap dan korupsi.                               8. Receiving bribe and corruption.
9. Penggunaan perangkat komputer, piranti lunak, surel,     9. Utilization of computers, software, email, and social
     dan media sosial.                                         media.




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Sosialisasi dan Pelaksanaan Kode Etik                           Code of Conduct Dissemination and
                                                                Enforcement
Kode Etik Perusahaan disosialisasikan kepada seluruh            The Company’s Code of Conduct is disseminated to all
karyawan, dan setiap karyawan dapat mengaksesnya                employees, and each employee can access the Company’s
melalui Sistem Informasi Sumber Daya Manusia. Prinsip-          Code of Ethics in the Human Capital Information System. The
prinsip terpenting dari Kode Etik Perusahaan juga ditegaskan    principal points of the Company’s Code of Conduct are stated
di dalam perjanjian kerja karyawan serta Peraturan              in the employee employment agreement and Company
Perusahaan. Perusahaan memberlakukan sanksi secara              Regulations. The sanctions enforced for violations of the
tegas terhadap pelanggaran terhadap Kode Etik.                  Code of Conduct are strictly enforced by the Company.


Pada tahun 2025, Perseroan menyelenggarakan serangkaian         In 2025, the Company organized a series of dissemination
program kegiatan sosialisasi Kode Etik kepada para              programs on the Code of Conduct for its employees. These
karyawan. Program tersebut antara lain meliputi kegiatan        programs included activities such as training, discussions,
pelatihan, diskusi, dan distribusi informasi melalui aplikasi   and the distribution of information through the “Gladis”
modul pembelajaran “Gladis”.                                    learning module application.

Sanksi yang diatur pada Kode Etik                               Sanctions Regulated in the Code of Conduct
Dalam upaya penegakan Kode Etik, Perseroan memiliki             The sanctions regulated in the Code of Conduct has their
standar sanksi untuk pelanggaran yang terjadi. Sanksi           reference to:
tersebut diatur dalam Kode Etik yang mengacu pada:
1. Buku Peraturan Perusahaan Intiland yang khusus               1. PT   Intiland   Development Tbk       Rulebook,        notably
   mengatur tentang Pelanggaran Peraturan, Disiplin dan            regarding Violation of Regulations, Discipline and Types
   Jenis-Jenis Sanksi.                                             of Sanctions.
2. Undang-Undang         Nomor   13 Tahun    2003   tentang     2. Manpower Act or Law No.13 Year 2003.
   Ketenagakerjaan.

Pelanggaran Kode Etik                                           Code of Conduct Violation
Sepanjang tahun 2025, tidak terdapat pelanggaran Kode Etik      In 2025, there were no violations of the Code of Conduct by
oleh karyawan Intiland.                                         Intiland employees.

Kebijakan Pemberian Kompensasi Jangka                           Long-Term Compensation Policy
Panjang
Perseroan belum memiliki program pemberian kompensasi           The Company has not yet implemented a long-term
jangka panjang, antara lain berupa program kepemilikan          compensation program, including employee stock ownership
saham untuk karyawan (employee stock ownership program/         programs (ESOP) and management stock ownership
ESOP) maupun manajemen (management stock ownership              programs (MSOP).
program/MSOP).




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KEBIJAKAN PENGUNGKAPAN INFORMASI
INFORMATION DISCLOSURE POLICY


Kepemilikan Saham Anggota Dewan                                Share Ownership of Members of the Board of
Komisaris dan Direksi                                          Commissioners and the Directors
Sesuai Peraturan OJK Nomor 4 Tahun 2024 tentang Laporan        According to OJK Regulation No. 4 of 2024 regarding
Kepemilikan atau Setiap Perubahan Kepemilikan Saham            The Report of Share Ownership or Any Changes of Share
Perusahaan Terbuka dan Laporan Aktivitas Menjaminkan           Ownership of Public Company, and the Report on Share
Saham Perusahaan Terbuka, anggota Direksi atau anggota         Pledge Activities of Public Companies, members of the
Dewan Komisaris diwajibkan untuk melaporkan kepada             Directors or Board of Commissioners are required to report
OJK mengenai kepemilikan saham Perusahaan Terbuka dan          to OJK regarding their share ownership in the Public
setiap perubahan kepemilikannya, baik secara langsung          Company and any changes in such ownership, whether
maupun tidak langsung. Kewajiban atas pelaporan tersebut       direct or indirect. This reporting obligation must be fulfilled
paling lambat 3 (tiga) hari kerja sejak terjadinya perubahan   no later than 3 (three) working days after the occurrence of
kepemilikan hak suara atas saham atau setiap perubahan         the change in voting rights over the shares or any change in
kepemilikan hak suara atas saham Perusahaan Terbuka.           voting rights over the shares of the Public Company.


Perseroan telah mengatur kebijakan terkait kewajiban           The Company has established policies regarding the
anggota Direksi dan anggota Dewan Komisaris dalam              obligations of members of the Directors and the Board of
menyampaikan kepada Perseroan atas kepemilikan saham           Commissioners to report to the Company regarding share
dan setiap perubahan kepemilikannya dalam waktu 2 (dua)        ownership and any changes in ownership within 2 (two)
hari kerja setelah terjadinya perubahan atau kepemilikan.      working days after the change or ownership occurs. This
Kebijakan tersebut juga terdapat pada Piagam Komisaris         policy is also included in the Company's Board Charter.
dan Piagam Direksi Perseroan.


Sepanjang tahun 2025, Perseroan tidak mendapat laporan         Throughout 2025, the Company did not receive any reports
atas perubahan kepemilikan saham anggota Direksi dan           on changes in share ownership of members of the Board of
anggota Dewan Komisaris.                                       Directors and members of the Board of Commissioners.




SISTEM PELAPORAN PELANGGARAN
WHISTLEBLOWING SYSTEM

Perseroan berkomitmen untuk mematuhi dan menjalankan           The Company is committed to complying with all principles
keseluruhan prinsip-prinsip Tata Kelola Perusahaan yang        of Good Corporate Governance throughout the Company.
Baik di seluruh lingkungan Perusahaan. Komitmen ini            One of these commitments is realized by having procedures
diwujudkan dengan menyediakan prosedur pelaporan               for reporting violations or irregularities that have the
pelanggaran atau kejanggalan yang berpotensi mencederai        potential to violate these principles.
prinsip-prinsip tersebut.




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Dengan adanya sistem Pelaporan Pelanggaran, pihak internal        With the Whistleblowing System in place, both internal and
dan eksternal Perusahaan berkewajiban untuk melaporkan            external parties of the Company are obliged to report if they
bilamana mengetahui, melihat, atau menemukan adanya               know, see, or find any indications of fraud or violations that
indikasi kecurangan, pelanggaran yang dapat berpotensi            could potentially harm the Company, both financially and
merugikan Perusahaan secara finansial maupun non-                 non-financially. The implementation of the Whistleblowing
finansial.    Penerapan    Sistem     Pelaporan   Pelanggaran     System is a key element for the Company to maintain or
merupakan salah satu elemen penting bagi Perseroan untuk          enhance transparency and combat practices that could
menjaga atau meningkatkan transparansi Perusahaan dan             undermine the Company's activities and reputation.
memerangi praktik yang dapat merusak kegiatan serta
reputasi Perusahaan.


Audit Internal berperan aktif dengan mengimplementasikan          The Internal Audit plays an active role in implementing
Sistem Pelaporan Pelanggaran. Tujuan dari sistem ini adalah       the Whistleblowing System. The purpose of this system is
untuk menyediakan sarana komunikasi yang memungkinkan             to provide a communication channel that allows relevant
pihak-pihak    terkait    memberikan     informasi    mengenai    parties to report any violations occurring within the
pelanggaran yang terjadi pada Perseroan.                          Company.


Penerapan      Sistem     Pelaporan     Pelanggaran     berlaku
untuk karyawan dan Pemangku Kepentingan Perseroan.                The implementation of this whistleblowing system is
Pelanggaran yang dimaksud dalam sistem ini adalah setiap          applicable to all employees and stakeholders. Violation
penyimpangan terhadap ketentuan Perseroan yang terkait            defined in this system is any deviation on the Company’s
keuangan dan non-keuangan yang dilakukan secara pribadi           regulations in relation to financial matters, either done
dan/atau kelompok untuk mendapatkan keuntungan pribadi            privately or in group, to gain personal and/or group benefit
dan/atau kelompok yang dapat merugikan perusahaan.                that may harm the company.


1. Saluran Pengaduan                                              1. Whistleblowing Channel
   a. Email: peduliperusahaan@intiland.com                           a. Email: peduliperusahaan@intiland.com
   b. SMS: 0813 18000 921 (PIC Pengaduan Pelanggaran)                b. Text: 0813 18000 921 (Complaints Officer)


2. Prosedur Pengaduan Pelanggaran                                 2. Whistleblowing Procedure
   a. Pelapor menyampaikan laporannya melalui saluran                a. Whistleblower shall submit the report through one
       yang telah disediakan di atas.                                    of the channels provided above.
   b. Setiap laporan yang masuk ditindaklanjuti oleh                 b. Each incoming report will be followed up by the Head
       Kepala Audit Internal dalam waktu selambat-                       of Internal Audit within 3 working days at the latest;
       lambatnya 3 hari kerja berupa konfirmasi kepada                   in the form of confirmation to the Whistleblower to
       Pelapor untuk memperjelas materi laporan beserta                  clarify report material together with the evidence.
       bukti-buktinya.
   c. Selanjutnya, Kepala Audit Internal membuat resume              c. Then, the Head of Internal Auditor draws up a resume
       dalam waktu selambat-lambatnya 1 (satu) bulan                     within 1 (one) month at the latest to be submitted
       untuk kemudian disampaikan kepada Direktur                        to the President Director in order to determine the
       Utama untuk mendapatkan keputusan tindakan apa                    decision that must be taken.
       yang akan diambil.
   d. Secara berkala (bulanan) dibuat laporan kepada                 d. A report is submitted periodically (monthly) to the
       Komite Audit mengenai perkembangan maupun                         Audit Committee regarding the development and the
       Penanganan Laporan Pengaduan yang masuk.                          management of the whistleblowing report.




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3. Perlindungan Pelapor                                                 3. Whistleblower Protection
     Audit Internal harus melindungi dan merahasiakan                      Internal Audit is obliged to protect and keep the
     identitas pelapor sebagai hal penting dalam proses                    confidentiality of the whistleblower’s identity as it is
     Whistleblowing System. Beberapa aspek yang harus                      an essential aspect in Whistleblowing System’s process.
     diperhatikan terkait perlindungan bagi pelapor antara                 Several important matters regarding whistleblower
     lain:                                                                 protection are:
     a. Identitas         Pelapor      dijamin     kerahasiaan   oleh      a. Confidentiality     assurance    over     Whistleblower’s
          perusahaan (jika perlu identitas pelapor dapat                         Identity by the Company (if necessary, the identity
          bersifat anonimous/anonim/tanpa nama);                                 may be made anonymous);
     b. Perusahaan           menjamin      perlindungan     terhadap       b. The Company provides assurance for Whistleblower
          Pelapor dari segala bentuk ancaman, intimidasi,                        against any type of threat, intimidation, or
          ataupun tindakan tidak menyenangkan dari pihak                         unwanted action from any other party as long as
          mana pun selama Pelapor menjaga kerahasiaan                            the whistleblower keeps the confidentiality of such
          pelanggaran yang diadukan kepada pihak mana pun;                       report from any party; and
          dan
     c. Perlindungan terhadap Pelapor juga berlaku bagi                    c. Whistleblower protection also applies to parties
          para pihak yang melaksanakan investigasi maupun                        conducting the investigation and those giving
          pihak-pihak yang memberikan informasi terkait                          information related to such report/disclosure.
          dengan pengaduan/penyingkapan tersebut.


4. Penanganan Pengaduan                                                 4. Follow-up of Whistleblowing
     Perusahaan telah menetapkan prosedur yang jelas                       The     company     has   established      clear   procedures
     untuk menangani pengaduan pelanggaran melalui                         for    handling    violation   complaints      through   the
     Sistem Whistleblowing. Setiap pengaduan yang diterima                 Whistleblowing system. Each complaint received will
     akan diproses sesuai prosedur oleh Kepala Audit                       be processed according to the procedure by the Head of
     Internal. Prosedur pengaduan ini memastikan setiap                    Internal Audit. This complaint procedure ensures that
     laporan ditangani dengan serius dan tepat waktu, serta                every report is handled seriously and promptly, while also
     memberikan perlindungan kepada pelapor agar identitas                 providing protection to the whistleblower to maintain
     mereka       tetap      terjaga   kerahasiaannya.     Penjelasan      the confidentiality of their identity. The following is an
     mengenai proses penanganan pengaduan sebagai                          overview of the complaint handling process:
     berikut:
     a. Setelah unit Audit Internal mendapatkan materi                     a. After the Internal Audit unit obtains clear materials
          dan bukti yang jelas mengenai laporan, Kepala Audit                    and evidence regarding the report, the Head of
          Internal membuat resume dalam waktu selambat-                          Internal Audit will prepare a summary within
          lambatnya 1 bulan untuk kemudian disampaikan                           a maximum of one month, which will then be
          kepada       Direktur     Utama        untuk   mendapatkan             submitted to the President Director for a decision on
          keputusan Tindakan apa yang akan diambil.                              what actions will be taken.
     b. Selain itu, secara berkala (bulanan) dibuat laporan                b. In addition, a report is made on a monthly basis to
          kepada Komite Audit mengenai perkembangan                              the Audit Committee regarding the progress and
          maupun penanganan laporan pengaduan yang                               handling of incoming complaint reports.
          masuk.


5. Pihak yang Mengelola Pengaduan                                       5. Party Responsible for Managing of Whistleblowing
     Pengaduan dikelola langsung oleh Kepala Audit Internal                Whistleblowing is directly managed by the Head of
     Perseroan.                                                            Internal Audit of the Company.




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6. Jumlah Pengaduan                                              6. The Number of Report
    Pada tahun 2025, unit Audit Internal menerima 2 (dua)           In 2025, the Internal Audit unit received 2 (two)
    laporan pengaduan yang disampaikan melalui saluran              whistleblowing reports submitted via email and
    surel maupun whatsapp. Seluruh laporan tersebut telah           whatsApp channels. All these reports have been properly
    ditindak lanjuti dengan baik. Berikut detail perincian          followed up. The following are the details for the report:
    untuk laporan tersebut:
   •    2 (dua) laporan berkaitan dengan dugaan fraud.              •   2 (two) report related suspected fraud.
        Status:   Sudah   ditangani    dan   hasilnya    tidak          Status: handled, and no fraud was found. However,
        ditemukan adanya fraud. Namun diusulkan untuk                   procedural improvements were proposed.
        perbaikan prosedur.


Perseroan memastikan sistem pelaporan pelanggaran                The Company ensures that the violation reporting system
berjalan dengan efektif       dan sesuai prosedur yang           operates effectively and in accordance with the applicable
berlaku. Setiap laporan pelanggaran yang diterima akan           procedures. Every violation report received will be followed
ditindaklanjuti dengan serius dan transparan untuk               up seriously and transparently to ensure good governance
mewujudkan terciptanya tata kelola yang baik pada                within the Company.
lingkungan Perusahaan.

Kebijakan Anti Korupsi                                           Anti-Corruption Policy
Intiland secara berkesinambungan memberikan edukasi dan          Intiland continuously provides education and dissemination
sosialisasi Kebijakan Anti Korupsi kepada berbagai pihak,        regarding anticorruption policies to various parties, both
termasuk internal (karyawan) dan eksternal (kontraktor,          internal (employees) and external (contractors, partners,
mitra kerja, pemasok, dsb.). Kebijakan Anti Korupsi yang         vendors, etc.). The anticorruption policy stated in the
termaktub dalam Pakta Integritas telah dibaca serta              Integrity Pact has been read and signed by all employees as
ditandatangani oleh seluruh karyawan dan pihak eksternal         well as external parties related to the Company.
yang terlibat dengan Perseroan.


Kebijakan Anti Korupsi, Kolusi, dan Nepotisme (KKN)              The Integrity Pact contains policies against Corruption,
yang dimuat dalam Pakta Integritas telah dibaca dan              Collusion, and Nepotism which have been read and signed
ditandatangani oleh karyawan. Perseroan akan menindak            by employees. The Company takes firm action against
tegas karyawan yang terbukti melakukan penyimpangan,             employees who are proven to have committed such conduct,
dengan cara pemutusan hubungan kerja secara tidak                namely through dishonorable termination of employment.
hormat.

Kebijakan Gratifikasi                                            Gratification Policy
Pakta Integritas juga mengatur tentang kebijakan gratifikasi     The Integrity Pact regulates the gratification policy, which
yang dapat dibaca dan dipahami terlebih dahulu oleh              can be read and shall be understood by all employees before
seluruh karyawan sebelum menandatanganinya. Kebijakan            they sign the Pact. The gratification policy stipulates that the
gratifikasi mengatur karyawan agar tidak melakukan               Company’s employees shall not take any actions that can be
tindakan yang masuk pada golongan gratifikasi di antaranya       considered as gratification, including receiving benefits or
menerima keuntungan atau bujukan dalam bentuk apa pun            inducements in any form from third parties. The Company
dari pihak ketiga. Perseroan juga menginformasikan terkait       also always conveys information related to this policy to
kebijakan gratifikasi kepada pihak ketiga yang akan menjalin     third parties who will cooperate with the Company. Each
kerja sama. Seluruh pihak wajib mendukung komitmen ini           party that cooperates with the Company must support this
dengan cara memahami, menyetujui dan menandatangani              commitment by signing the Integrity Pact. The Company
Pakta Integritas tersebut. Perseroan tidak segan-segan           does not hesitate to take firm action against every employee
menindak tegas setiap karyawan yang terbukti menerima            who is proven to have received gratuities.
gratifikasi.




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Kebijakan Prosedur Melakukan Pinjaman                            Procedure Policy on Borrowing Loan from
kepada Kreditur                                                  Creditor
Perseroan memperhatikan segala aspek yang mempengaruhi           The Company constantly takes into account all aspects that
kinerja maupun tingkat risiko dalam melakukan pinjaman           influence performance or risk level when obtaining loans
kepada pihak kreditur. Dalam menjalankan kebijakan               from creditors. In conducting the policy of loan, application
sistem dan prosedur pengajuan pinjaman kepada pihak              system and procedure to the creditor, the Company also
kreditur, Perseroan telah mempertimbangkan secara rinci          considers in detail various factors that affect the continuity
faktor-faktor yang dapat mempengaruhi keberlangsungan            of the Company, as well as continuously maintains and
Perusahaan, serta senantiasa menjaga kepercayaan dan             respects creditor’s trust and rights. With such conduct, it is
hak-hak kreditur. Upaya ini dilakukan dengan harapan agar        expected that the Company’s business segment can perform
segmen bisnis Perseroan dapat berjalan lancar sehingga           well so that the predetermined target can be achieved.
target yang telah ditentukan dapat tercapai.

Kebijakan Pengadaan Barang dan/atau Jasa                         Policy of Goods and/or Services Procurement
Perusahaan menetapkan kebijakan dalam melaksanakan               The Company has established policies in implementing and
dan mengelola kegiatan pengadaan barang dan/atau jasa.           managing the procurement of goods and/or services. Hence,
Proses pengadaan barang dan/ atau jasa tersebut dapat            the procurement of goods and/or services can run effectively
berjalan secara efektif dan efisien, sesuai dengan peraturan     and efficiently, in accordance with the applicable laws and
perundang-undangan yang berlaku, dan mengacu pada                regulations, and refers to the principles of Good Corporate
prinsip Tata Kelola Perusahaan yang Baik.                        Governance.


Perusahaan telah menetapkan beberapa prinsip utama               The Company has also established several main principles
dalam kebijakan Pengadaan Barang dan Jasa yaitu                  contained in Goods and Services Procurement Guidelines,
efisien, efektif, transparan, adil dan wajar, akuntabel, dan     namely efficient, effective, transparent, fair and reasonable,
mengedepankan prinsip Good Corporate Governance.                 accountable, and prioritizing the principles of Good Corporate
Perusahaan          juga       menerapkan   sistem   pengadaan   Governance. The Company also implements system, which
perusahaan yang terintegrasi, sehingga dapat menjamin            is an integrated Company procurement system, so as to
praktik pengadaan yang bertanggung jawab.                        guarantee responsible procurement practices.




AUDITOR EKSTERNAL
EXTERNAL AUDITOR

Berdasarkan keputusan RUPS Tahunan pada 28 Mei 2025,             Based on the Annual GMS resolution on May 28, 2025,
Dewan        Komisaris        mendapatkan   kewenangan   untuk   the Board of Commissioners possessed the authority to
menunjuk Akuntan Publik dan Kantor Akuntan Publik (KAP)          appoint a public accountant and a public accounting firm to
yang akan melakukan audit keuangan Perseroan untuk tahun         conduct the financial audit of the Company for the financial
buku 31 Desember 2025. Berdasarkan Keputusan tersebut            year ended 31 December 2025. Based on the resolution
dan mempertimbangkan masukan dan rekomendasi Komite              and consider inputs and recommendations from the Audit
Audit, maka Dewan Komisaris menunjuk KAP Mirawati Sensi          Committee, the Board of Commissioners appointed KAP
Idris untuk melakukan audit keuangan Perseroan untuk             Mirawati Sensi Idris to conduct the financial audit of the
tahun buku 31 Desember 2025.                                     Company for the financial year ended 31 December 2025.




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                                                                                                                  Good Corporate Governance




Biaya Audit
Audit Fee

                                                                                                                          Biaya
        Tahun Buku                           Kantor Akuntan Publik                   Akuntan Publik
                                                                                                                          Fee*
         Fiscal Year                         Public Accounting Firm                    Acountant
                                                                                                                           (Rp)
            2025               Mirawati Sensi Idris                           Ahmad Syakir                                 2.110.000.000
            2024               Mirawati Sensi Idris                           Ahmad Syakir                                 2.015.000.000
            2023               Mirawati Sensi Idris                           Jacinta Mirawati                             1.895.000.000
            2022               Mirawati Sensi Idris                           Jacinta Mirawati                            1.846.000.000
            2021               Mirawati Sensi Idris                           Maria Leckzinska                             1.853.000.000

* Biaya audit konsolidasi induk perusahaan dan anak perusahaan
Audit fee for consolidated parent company and its subsidiaries




KEBIJAKAN KOMUNIKASI
COMMUNICATION POLICY

Intiland berkomitmen untuk senantiasa menyediakan                     Intiland is committed to always providing information
informasi mengenai kondisi dan dinamika Perusahaan                    regarding the conditions and dynamics of the Company to all
kepada seluruh Pemangku Kepentingan. Kebijakan ini                    Stakeholders. This policy is a manifestation of the Company’s
merupakan wujud tanggung jawab Perseroan dalam                        responsibility to implement the principles of equality and
menerapkan prinsip kesetaraan dan keadilan bagi para                  fairness for stakeholders. The Company updates information
Pemangku Kepentingan. Perseroan secara rutin memperbarui              channels regularly such as the Company’s website (www.
berbagai kanal informasi, termasuk situs web resmi (www.              intiland.com) as the main source of information about the
intiland.com), sebagai sumber informasi utama. Pembaruan              Company. Updating information on the Company’s website
informasi pada situs web dilakukan secara berkala dan                 is carried out regularly and continuously as an effort to
berkesinambungan guna mendukung pelaksanaan tata                      fulfill Good Corporate Governance following the provisions
kelola perusahaan yang baik sesuai dengan ketentuan OJK               stipulated by the OJK and developments and community
serta mengikuti perkembangan dan kebutuhan masyarakat.                dynamics.


Pelaksanaan program dan aktivitas komunikasi Perseroan,               The implementation of the Company’s communication
dilakukan melalui beberapa divisi dan departemen, yaitu               programs and activities is carried out through several
meliputi:                                                             divisions and departments, which include:
1. Sekretaris Perusahaan bertanggung jawab sebagai                    1. The Corporate Secretary is responsible as the main liaison
   penghubung          utama      antara     Perseroan     sebagai       between the Company as a public company and the
   perusahaan publik dengan para Pemangku Kepentingan,                   Stakeholders, including the capital market authorities.
   termasuk kepada pihak otoritas pasar modal.                        2. Relations with investors are carried out by the Capital
2. Hubungan dengan investor dijalankan oleh divisi                       and Investment Management division, one of which
   Manajemen Modal dan Investasi yang salah satunya                      carries out the Investor Relations function.
   menjalankan fungsi Hubungan Investor.
3. Hubungan dengan konsumen dijalankan oleh bagian                    3. Relations with consumers are carried out by the
   Pengelolaan Hubungan Konsumen di bawah divisi                         Consumer Relations Management section under the
   Pemasaran Korporat.                                                   Corporate Marketing division.
4. Komunikasi Korporat bertanggung jawab terhadap                     4. Corporate Communications is responsible for the
   pelaksanaan komunikasi internal dengan bekerja sama                   implementation      of    internal     communication             by
   dengan divisi Human Capital dan menjalankan aktivitas                 collaborating with the Human Capital division and
   komunikasi eksternal, salah satunya adalah hubungan                   carrying out external communication activities, one of
   dengan media.                                                         which being media relations.

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AKSES INFORMASI DAN DATA PERUSAHAAN
ACCESS TO THE COMPANY’S INFORMATION AND DATA

Perseroan telah menyampaikan informasi dan data yang           The Company has provided important information and
dianggap penting bagi pemegang saham, masyarakat, dan          data to shareholders, the public, and stakeholders through
pemangku kepentingan melalui berbagai saluran informasi.       several     communication    channels.    This   commitment
Komitmen ini sebagai wujud transparansi dan komitmen           reflects the Company's transparency and dedication to the
Perusahaan terhadap penerapan tata kelola perusahaan           implementation of good corporate governance.
yang baik.


Perusahaan menyediakan akses informasi melalui berbagai        The Company has provided access to information through
saluran informasi sebagai berikut:                             the following information channels:
1. Situs web Perseroan: www.intiland.com                       1. The Company’s website: www.intiland.com
2. Surel Perseroan:                                            2. The Company’s email:
     a. info@intiland.com          (untuk   informasi   umum      a. info@intiland.com (for general information about
          mengenai Perseroan)                                            the Company)
     b. investor@intiland.com (untuk komunikasi dengan            b. investor@intiland.com (for communication with
          investor)                                                      investors)
3. E-newsletter: Investor Update                               3. The Company’s e-newsletter: Investor Update
4. Media sosial:                                               4. The Company’s social media:
     a. Facebook: www.facebook.com/intilandev                     a. Facebook: www.facebook.com/intilandev
     b. Instagram: @intilanddev                                   b. Instagram: @intilanddev
     c. LinkedIn:                                                 c. LinkedIn:
          https://www.linkedin.com/company/intiland-                     https://www.linkedin.com/Company/intiland-
          development                                                    development;
     d. Youtube:                                                  d. Youtube
          https://www.youtube.com/c/IntilandDevelopment                  https://www.youtube.com/c/IntilandDevelopment
5. Alamat kantor: Intiland Tower, Penthouse Floor, Jl. Jend.   5. Office address: Intiland Tower, Penthouse Floor – Jl. Jend.
     Sudirman 32, Jakarta 10220. Telp. +6221 5701912 Fax.         Sudirman 32, Jakarta 10220. Tel. +6221 5701912 Fax. +6221
     +6221 5700015                                                5700015


Selain melalui beberapa saluran informasi resmi tersebut,      In addition to severals official Intiland information channels,
Perseroan juga melaporkan dan mengunggah informasi             simultaneously Intiland also reports and uploads relevant
penting tentang Perusahaan pada situs web Bursa Efek           information regarding the Company on the website of
Indonesia dan Otoritas Jasa Keuangan (OJK).                    the Indonesia Stock Exchange and the Financial Services
                                                               Authority (OJK).




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HUBUNGAN INVESTOR
INVESTOR RELATIONS

Hubungan Investor menjalankan fungsi strategis dalam                   Investor Relations is a strategic function carried out by
menyediakan informasi terbaru mengenai kinerja finansial               the Company to provide the latest information on the
dan operasional Perusahaan kepada para investor dan                    development of the Company’s financial and operational
analis. Hubungan investor juga berperan menjadi perantara              performance to investors and analysts. Investor Relations
dalam menyampaikan masukan dan saran dari para investor                also to convey to the Board of Directors proposals, inputs, and
dan analis kepada Direksi, sehingga dapat dijadikan bahan              criticisms from investors and analysts as matters that need
pertimbangan dalam kegiatan bisnis Perseroan.                          attention in carrying out the Company’s business activities.


Sebagai bagian dari penerapan tata kelola perusahaan yang              As a form of implementing Good Corporate Governance,
baik, Perseroan secara rutin menyampaikan keterbukaan                  the Company periodically conveys information disclosure
informasi secara merata kepada para investor dan analis,               equally to investors and analysts as the Company’s strategic
sebagai salah satu pemangku kepentingan strategis.                     stakeholders. The information is sent via email to investors
Penyampaian informasi dilakukan melalui surel kepada                   and analysts who are registered in the Company’s register
investor dan analis yang terdaftar di Perusahaan serta                 and is posted on the Company’s website.
dipublikasikan di situs web Perseroan.

Kegiatan Hubungan Investor                                             Investor Relation Activities
Di tahun 2025, kegiatan tim Hubungan Investor Perseroan                In 2025, the activities of the Company’s Investor Relations
adalah sebagai berikut:                                                Team were as follows:
•    Membangun komunikasi dengan para investor dan analis.             •   Established communication with investors and analysts.
     Tim Hubungan Investor terus membangun hubungan                        The Investor Relations Team enhanced relationships with
     dengan para investor dan analis, baik di dalam negeri                 investors and analysts at home and abroad continuously,
     maupun di luar negeri, melalui pertemuan, conference                  through meetings, conference calls, emails, text
     call, surel, text message, serta kunjungan proyek.                    messages, and site visits.

Statistik Kegiatan Hubungan Investor tahun                             Investor Relations Activities Statistics in 2025
2025
Di tahun 2025, jumlah analis dan investor dalam kegiatan               In 2025, the number of analysts and investors who held
pertemuan dan panggilan konferensi tercatat berjumlah 38               meetings and conference calls in 2025 was recorded at 38
orang. Komposisi jumlah analis dan investor tersebut terdiri           people. The composition of the number of local and foreign
dari 37 investor dan analis lokal dan 1 investor luar negeri.          analysts and investors was 37 local participants and 1 foreign
                                                                       participant.


                    Kegiatan                       Jumlah Kegiatan              Peserta                 Lokal                  Asing
                     Events                         Total Activities          Participants              Local                 Foreign
 Pertemuan / Kunjungan proyek                              7                          22                  1                       21
 Meeting / Site Visit
 Conference Call                                           7                          16                 16                       0
 Jumlah                                                   14                          38                 17                       21
 Total




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Distribusi Investor Update kepada Investor dan Analis
Investor Update Distribution to Investors and Analysts

                                                   Informasi                                                     Tanggal Distribusi
                                                 Informations                                                    Distribution Date
 Intiland Mengumumkan Pencapaian Marketing Sales Tahun 2024                                                        31 Januari 2025
 Intiland Announces FY 2024 Marketing Sales Achievement                                                           January 31, 2025
 Intiland Mengumumkan Laba bersih 2024                                                                            27 Maret 2025
 Intiland Announces FY 2024 Earnings                                                                              March 27, 2025
 Intiland Mengumumkan Laba Bersih Triwulan I 2025 dan Pencapaian Marketing Sales Triwulan I Tahun 2025             30 April 2025
 Intiland Announces 1Q 2025 Earnings and 1Q 2025 Marketing Sales Achievement                                       April 30, 2025
 Intiland Mengumumkan Laba Bersih Semester I Tahun 2025 dan Pencapaian Marketing Sales Semester I Tahun 2025         31 Juli 2025
 Intiland Announces 1H 2025 Earnings and 1H 2025 Marketing Sales Achievement                                        July 31, 2025
 Intiland Mengumumkan Laba Bersih Triwulan III 2025 dan Pencapaian Marketing Sales Triwulan III Tahun 2025       30 Oktober 2025
 Intiland Announces 9M 2025 Earnings and 9M 2025 Marketing Sales Achievement                                     October 30, 2025


Meningkatkan Penerapan Tata Kelola                                   Improving the Implementation of Good
Perusahan yang Baik Dalam Hubungan                                   Corporate Governance in Relations with
Dengan Investor Retail                                               Retail Investors
Di tahun 2026, Tim Hubungan Investor akan terus                      In 2026, the Investor Relations Team will continue to build
membangun hubungan baik serta memperluas jaringan                    good relations and expand the network of investors and
investor dan analis melalui partisipasi dalam kegiatan               analysts through participation in meetings, project site visits,
pertemuan, kunjungan proyek, konferensi, dan non-deal                conferences, and non-deal roadshows. Apart from that, the
roadshow. Selain itu, peningkatan kualitas penyebaran                quality of information dissemination will also be improved
informasi juga akan dilakukan agar investor dan analis               so that investors and analysts can obtain faster and more
memperoleh informasi yang semakin cepat dan akurat.                  accurate information.

Peningkatan Kualitas Informasi Hubungan                              Improvement on the Quality of Investor
Investor di Situs Perseroan                                          Relations Information on the Company’s
                                                                     website
Situs web Perseroan berperan sebagai salah satu saluran              The Company’s website is one of the main channels of
komunikasi utama dengan seluruh Pemangku Kepentingan.                communication between the Company and all Stakeholders.
Perseroan secara rutin memperbarui informasi mengenai                The Company always provides updated information related
kinerja, perkembangan, serta aspek lain yang berkaitan               to the performance, dynamics and other aspects of the
dengan keterbukaan informasi dan pelaporan kepada                    Company as well as other matters related to information
regulator. Perseroan juga terus berupaya meningkatkan                disclosure and reporting to the regulators. The Company
kualitas informasi yang disajikan.                                   continuously strives to improve the quality of published
                                                                     information.


Selain dipublikasikan di situs web Perseroan, keterbukaan            In addition to posting through the Company’s website, the
informasi Perseroan juga dapat diakses melalui situs web             Company’s information is also published on the Indonesia
Bursa Efek Indonesia (www.idx.co.id) dan secara langsung             Stock Exchange website (www.idx.co.id) and sent directly via
dikirimkan melalui surat elektronik kepada para investor dan         email to investors and analysts.
analis.




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HUBUNGAN KONSUMEN
CUSTOMER RELATIONSHIP

Perseroan berkomitmen untuk menjaga dan meningkatkan           The Company is committed to maintaining and improving
mutu layanan pelanggan karena merupakan salah satu             customer service quality, as it is one of the most important
pemangku     kepentingan     terpenting   bagi   Perusahaan.   stakeholders. The Company ensures that all consumers get
Perseroan memastikan pelanggan mendapatkan informasi           equal information and services in order to get convenience,
dan pelayanan secara berkualitas, seperti penyampaian          covering aspects of information distribution, grievances
informasi, kualitas layanan penjualan, hingga aspek            channel, quality of sales service, to aspects of after-sales
pelayanan purnajual.                                           service.


Pada tahun 2025, Perseroan memastikan bahwa saluran            In 2025, the Company ensured that communication and
komunikasi dan pusat pengaduan yang ada di kantor pusat        grievances channels at the head office and in development
maupun di proyek-proyek yang sedang dikembangkan               projects ran well. The Company maintains a number of
berjalan dengan efektif. Perseroan menyediakan berbagai        communication channels for consumers, including by
saluran komunikasi untuk pelanggan, termasuk telepon,          telephone, email, social media, as well as through the
email, media sosial, serta tim layanan pelanggan yang          customer service team available in each Intiland project.
tersedia di setiap proyek Intiland.




PENERAPAN PEDOMAN TATA KELOLA PERUSAHAAN
SESUAI KETENTUAN OTORITAS JASA KEUANGAN
IMPLEMENTATION OF CORPORATE GOVERNANCE GUIDELINES ACCORDING TO
THE PROVISIONS OF THE FINANCIAL SERVICES AUTHORITY


Perseroan berupaya melakukan internalisasi Pedoman Tata        The Company consistently strives to internalize the
Kelola Perusahaan kepada para karyawan lewat beberapa          Corporate Governance Guidelines to its employees through
bentuk kegiatan sosialisasi. Langkah ini menjadi bentuk        various forms of dissemination activities. This step is a form
kepatuhan terhadap Peraturan OJK No. 21/POJK.04/2015           of compliance with OJK Regulation No. 21/POJK.04/2015
tentang Penerapan Pedoman Tata Kelola Perusahaan               on the Implementation of Public Company Governance
Terbuka dan Surat Edaran OJK No. 32/SEOJK.04/2015 tentang      Guidelines and OJK Circular Letter No. 32/SEOJK.04/2015
Pedoman Tata Kelola Perusahaan Terbuka. Perseroan              on Public Company Governance Guidelines. The Company is
berkomitmen      menyempurnakan        penerapan     seluruh   committed to enhancing the implementation of all aspects
aspek Tata Kelola Perusahaan yang antara lain dengan           of Corporate Governance, including following up on each
menindaklanjuti setiap rekomendasi.                            recommendation.


Penerapan ini bertujuan untuk meningkatkan kualitas            The implementation aims to improve management quality
manajemen dan transparansi keuangan serta mencegah             and financial transparency, as well as prevent unethical and
praktik-praktik tidak etis dan merugikan. Berikut adalah       harmful practices. Below is the implementation of Corporate
penerapan prinsip Tata Kelola Perusahaan di tahun 2025:        Governance principles in 2025:




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Implementasi Tata Kelola Perusahaan
Corporate Governance Implementation

                                Rekomendasi OJK                        Status                          Keterangan
   No
                              OJK Recommendations                      Status                          Description

    1       Perseroan memiliki metode atau prosedur teknis           Diterapkan   Prosedur ini diatur dalam Anggaran Dasar Perseroan.
            untuk mengumpulkan suara (voting) baik secara             Applied     Informasi ini bisa dilihat pada Sub-Bab Rapat Umum
            terbuka maupun tertutup yang mengedepankan                            Pemegang Saham.
            independensi dan kepentingan Pemegang Saham.                          This procedure is regulated in the Company’s Articles
            The company uses method or technic procedure to                       of Association. This information can be seen in Sub-
            collect voting. Both open vote or close that focus on                 Chapter of Annual General Meeting of Shareholders.
            independence and interest of the Shareholder.

    2       Seluruh anggota Direksi dan anggota Dewan Komisaris      Diterapkan   Seluruh anggota Direksi dan anggota Dewan Komisaris
            Perseroan hadir dalam RUPS tahunan.                       Applied     telah hadir secara fisik dan mengikuti jalannya RUPST
            All members of the Board of Directors and Board of                    pada tanggal 28 Mei 2025.
            Commissioners of the Company attend the annual                        All members of the Directors and the Board of
            General Meeting of Shareholders.                                      Commissioners physically attended and participated
                                                                                  in the Annual GMS on May 28, 2025.

    3       Ringkasan RUPS tersedia dalam situs resmi Perseroan      Diterapkan   Pada situs web Perseroan telah menyajikan informasi
            setidaknya selama 1 (satu tahun).                         Applied     tentang Ringkasan Risalah hasil RUPS.
            The GMS minutes is available in the Company’s official                The Company's website has provided information on
            website for at least 1 (one) year.                                    the Summary of the Minutes of the Annual General
                                                                                  Meeting of Shareholders (AGM).

    4       Perseroan memiliki suatu kebijakan komunikasi            Diterapkan   Informasi ini bisa dilihat pada Sub-Bab Akses Informasi
            dengan Pemegang Saham atau investor.                      Applied     dan Data Perusahaan.
            The Company rules on communication policy with the                    This information can be seen in Sub-Chapter of Access
            Shareholders or investor.                                             to Information and Data of the Company.

    5       Perseroan mengungkapkan kebijakan komunikasi             Diterapkan   Perseroan telah menyampaian akses komunikasi yang
            Perseroan dengan Pemegang Saham atau investor             Applied     tersedia bagi pemegang saham dan masyarakat luas
            dalam situs web.                                                      pada Laporan Tahunan dan situs web Perseroan.
            The company disclose the Company’s communication                      The Company has disclosed the communication
            policy with the Shareholders or investors within the                  channels that are accessible to shareholders and the
            website.                                                              wider public on the Annual Report and its website.

    6       Penentuan jumlah anggota Dewan Komisaris                 Diterapkan   Informasi ini telah disampaikan pada Sub-Bab Dewan
            mempertimbangkan kondisi Perseroan.                       Applied     Komisaris Laporan Tahunan.
            Stipulation on the membership of the Board of                         This information has been provided in the Sub-Chapter
            Commissioners considering the Company’s condition.                    on the Board of Commissioners on Annual Report.

    7       Penentuan komposisi anggota Dewan Komisaris              Diterapkan   Komposisi keberagaman anggota Dewan Komisaris
            memperhatikan keberagaman keahlian, pengetahuan,          Applied     telah disampaikan pada Sub-Bab Profil Dewan
            dan pengalaman yang dibutuhkan.                                       Komisaris
            Composition determines the members of the Board                       Composition determines the members of the Board of
            of Commissioners to observe the variety of skills,                    Commissioners has been provided in Sub-Chapter of
            knowledge, and experience needed.                                     the Profiles of the Board of Commissioners.


    8       Dewan Komisaris mempunyai kebijakan penilaian            Diterapkan   Dewan Komisaris memiliki kebijakan penilaian sendiri
            sendiri (self assessment) untuk menilai kinerja Dewan     Applied     (self-assessment) dan telah dijalankan. Kebijakan
            Komisaris.                                                            Penilaian sendiri telah diungkapkan pada Sub-Bab
            The Board of Commissioners has policy on self-                        Penilaian Kinerja Dewan Komisaris.
            assessment to evaluate the Board of Commissioners.                    The Board of Commissioners has its own self-
                                                                                  assessment policy, which has been implemented. The
    9       Kebijakan penilaian sendiri (self assessment) untuk      Diterapkan   Self-Assessment Policy has been disclosed in the Sub-
            menilai kinerja Dewan Komisaris diungkapkan melalui       Applied     Chapter on the Performance Evaluation of the Board
            Laporan Tahunan Perseroan.                                            of Commissioners.
            Self-assessment policy to evaluate the Board of
            Commissioners’ performance is disclosed through the
            Company’s Annual Report.




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                                                                                                           Tata Kelola Perusahaan yang Baik
                                                                                                               Good Corporate Governance




                       Rekomendasi OJK                            Status                          Keterangan
No
                     OJK Recommendations                          Status                          Description

10    Dewan Komisaris mempunyai kebijakan yang                  Diterapkan   Perseroan memiliki kebijakan terkait pengunduran
      berkaitan dengan pengunduran diri anggota Dewan            Applied     diri yang tertuang dalam Pedoman Dewan Komisaris,
      Komisaris jika terlibat dalam kejahatan keuangan.                      namun belum memiliki kebijakan khusus terkait
      The Board of Commissioner governs policy in relation                   pengunduran diri akibat terlibat dalam kejahatan
      with resignation of its member, if they are involved in                keuangan. Informasi ini sudah disampaikan pada Sub-
      fraudulence.                                                           Bab Dewan Komisaris.
                                                                             The Company has a policy related to resignation in
                                                                             the Board of Commissioners Charter but does not yet
                                                                             have a specific policy related to resignation due to
                                                                             involvement in financial crimes. This information can
                                                                             be seen on the Board of Commissioners Sub-Chapter.


11    Dewan Komisaris atau Komite yang menjalankan              Diterapkan   Perseroan memiliki Komite Nominasi dan Remunerasi
      fungsi Nominasi dan Remunerasi menyusun kebijakan          Applied     sesuai POJK No. 34/POJK.04/2014, namun belum
      suksesi dalam proses Nominasi anggota Direksi.                         memiliki kebijakan suksesi secara khusus. Informasi
      The Board of Commissioners or Committee running                        ini bisa dilihat pada Sub-Bab Komite Nominasi dan
      the Nomination and Remuneration function formulate                     Remunerasi.
      succession policy in Nomination process of member of                   The Company has established the Nomination and
      the Board of Director.                                                 Remuneration Committee in accordance with POJK
                                                                             No.34/POJK.04/2014, but does not yet have a specific
                                                                             succession policy. This information can be seen in
                                                                             the Nomination and Remuneration Committee Sub-
                                                                             Chapter.

12    Penentuan          jumlah         anggota      Direksi    Diterapkan   Informasi mengenai penentuan jumlah anggota
      mempertimbangkan          kondisi    Perseroan  serta      Applied     Direksi dan dasar pertimbangannya disampaikan pada
      efektivitas dalam pengambilan keputusan.                               Sub-Bab Direksi.
      The determination on the membership of Board of                        Information regarding the determination of the
      Directors considering the Company’s condition as well                  number of members of the Directors and the basis for
      as effectiveness in decision making.                                   the considerations is provided on the Directors Sub-
                                                                             Chapter.

13    Penentuan komposisi anggota Direksi memperhatikan         Diterapkan   Informasi mengenai komposisi anggota Direksi dan
      keberagaman      keahlian,   pengetahuan,     dan          Applied     dasar pertimbangannya disampaikan pada Sub-Bab
      pengalaman yang dibutuhkan.                                            Direksi.
      Determination on the member composition of the                         Information regarding the composition of the
      Board of Director to observe the variety of skills,                    Directors’ member provided on the Directors Sub-
      knowledge, and experiences needed.                                     Chapter.

14    Anggota Direksi yang membawahi bidang akuntansi           Diterapkan   Informasi ini sudah disampaikan pada Sub-Bab Direksi.
      atau keuangan memiliki keahlian dan/atau                   Applied     This information has been provided on the Directors
      pengetahuan di bidang akuntansi.                                       Sub-Chapter.
      Board of Directors member which govern over the
      accounting or financial has the skill and/or knowledge
      in the accounting field.

15    Direksi mempunyai kebijakan penilaian sendiri (self       Diterapkan   Direksi memiliki kebijakan penilaian sendiri (self-
      assessment) untuk menilai kinerja Direksi.                 Applied     assessment) dan telah dijalankan. Kebijakan Penilaian
      Board of Directors has its owned self-assessment to                    Sendiri telah diungkapkan pada Sub-Bab Penilaian
      evaluate its own performance.                                          Kinerja Direksi.
                                                                             The Director has its own self-assessment policy, which
                                                                             has been implemented. The self-assessment Policy has
                                                                             been disclosed in the Sub-Chapter on the Performance
                                                                             Evaluation of the Directors.

16    Kebijakan penilaian sendiri (self assessment) untuk       Diterapkan   Perseroan berpandangan belum waktunya untuk
      menilai kinerja Direksi diungkapkan secara lengkap         Applied     mengungkapkan secara lengkap mengenai penilaian
      melalui laporan tahunan Perseroan.                                     kinerja masing-masing anggota Direksi di dalam
      Self-assessment policy to evaluate Board of Directors’                 Laporan Tahunan.
      performance is disclosed through the Company’s                         The Company considers that it is not yet the right time
      annual report.                                                         to fully disclose the performance assessments of each
                                                                             member of the Directors in the Annual Report.

17    Direksi mempunyai kebijakan terkait pengunduran           Diterapkan   Perseroan memiliki kebijakan terkait pengunduran diri
      diri Anggota Direksi apabila terlibat dalam kejahatan      Applied     yang tertuang dalam Pedoman Direksi, namun belum
      keuangan.                                                              memiliki kebijakan khusus terkait pengunduran diri
      The Board of Directors carry policy in relation with                   akibat terlibat dalam kejahatan keuangan. Informasi
      resignation of Member of the Board of Directors if                     ini sudah disampaikan pada Sub-Bab Direksi.
      involved in fraudulency.                                               The Company has a policy related to resignation in
                                                                             the Directors Charter but does not yet have a specific
                                                                             policy related to resignation due to involvement in
                                                                             financial crimes. This information can be seen on the
                                                                             Directors Sub-Chapter.




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                                Rekomendasi OJK                        Status                         Keterangan
   No
                              OJK Recommendations                      Status                         Description

   18       Perseroan memiliki kebijakan untuk mencegah              Diterapkan   Perseroan telah memiliki kebijakan terkait insider
            kejadian insider trading.                                 Applied     trading yang diatur di dalam Piagam Direksi dan
            The Company policy to prevent insider trading.                        Piagam Dewan Komisaris.
                                                                                  The Company has a policy related to insider trading,
                                                                                  which is regulated in the Directors' Charter and the
                                                                                  Board of Commissioners' Charter.

   19       Perseroan memiliki kebijakan anti korupsi dan anti       Diterapkan   Perseroan telah memiliki kebijakan terkait kebijakan
            kecurangan.                                               Applied     antikorupsi dan anti-fraud yang diatur di dalam
            The Company policy regarding anti-corruption and                      Piagam Dewan Komisaris, Piagam Direksi, Kode Etik
            anti-fraud.                                                           Perusahaan, maupun Pakta Integritas.
                                                                                  The Company has a policy related to anti-corruption
                                                                                  and anti-fraud, which is regulated in the Board of
                                                                                  Commissioners' Charter, the Directors' Charter, Code
                                                                                  of Conduct, and the Integrity Pact.


   20       Perseroan memiliki kebijakan tentang seleksi dan         Diterapkan   Informasi ini bisa dilihat pada Sub-Bab Kebijakan
            peningkatan kemampuan pemasok atau vendor.                Applied     Pengadaan Barang dan Jasa
            The Company policy on selection and improvement of                    This information can be seen in Sub-Chapter Policy of
            supplier or vendor ability.                                           Goods and/or Services Procurement.

   21       Perseroan memiliki kebijakan tentang pemenuhan           Diterapkan   Perseroan memastikan pemenuhan hak-hak kreditur
            hak-hak kreditur.                                         Applied     sesuai dengan kesepakatan perjanjian.
            The Company policy on fulfilment of creditor’s rights.                The Company ensures that the fulfillment of creditor
                                                                                  rights in accordance with the terms of the agreement.

   22       Perseroan memiliki kebijakan whistleblowing system.      Diterapkan   Informasi tentang kebijakan sistem Pelaporan
            The Company whistleblowing system policy.                 Applied     Pelanggaran disampaikan pada Sub-Bab Sistem
                                                                                  Pelaporan Pelanggaran
                                                                                  Information regarding policy of Whistleblowing system
                                                                                  has been disclosed in Sub-Chapter of Whistleblowing
                                                                                  System

   23       Perseroan memiliki kebijakan pemberian insentif          Diterapkan   Informasi ini bisa dilihat pada Sub-Bab Kebijakan
            jangka panjang kepada Direksi dan karyawan.               Applied     Pemberian Kompensasi Jangka Panjang.
            The company policy on long term incentive allocation                  This information can be seen in Sub-Chapter of Long-
            to the Board of Directors and employee.                               Term Compensation Policy.

   24       Perseroan memanfaatkan penggunaan teknologi              Diterapkan   Perseroan menggunakan media sosial dan saluran
            informasi secara lebih luas selain situs web sebagai      Applied     komunikasi lain sebagai media keterbukaan informasi,
            media keterbukaan informasi.                                          sebagai berikut:
            The company utilize the use of information technology                 The Company uses social media and other
            in broad sense apart from website as information                      communication channels as a means of information
            disclosure media.                                                     disclosure, as follows:

                                                                                  • Instagram: @intilanddev
                                                                                  • Facebook: www.facebook.com/intilandev
                                                                                  • LinkedIn: https://www.linkedin.com/company/
                                                                                    intiland-development
                                                                                  • Youtube: https://www.youtube.com/c/
                                                                                    IntilandDevelopment
                                                                                  • E-newsletter: Investor Update

   25       Laporan Tahunan Perseroan mengungkapkan pemilik          Diterapkan   Informasi ini bisa dilihat pada Sub-Bab Informasi
            manfaat akhir dalam kepemilikan saham Perseroan           Applied     Mengenai Pemegang Saham Utama dan Pengendali.
            paling sedikit 5% (lima persen), selain pengungkapan                  This information can be seen in the Sub Chapter
            pemilik manfaat akhir dalam kepemilikan saham                         Information on Major and Controlling Shareholders.
            Perseroan melalui Pemegang Saham Utama dan
            Pengendali.
            The Company’s Annual Report disclosed the owner of
            final profit by owning at least 5% of the Company’s
            shares. In addition to the disclosure of the owner
            of final profit in the ownership of Company’s share
            through Controller and Main Shareholder.




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                                                Tata Kelola Perusahaan yang Baik
                                                    Good Corporate Governance




                                                         Spazio, Surabaya

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Corporate Social Responsibility




05
TATA KELOLA PERUSAHAAN
CORPORATE GOVERNANCE




06
TANGGUNG JAWAB
SOSIAL PERUSAHAAN
CORPORATE SOCIAL
RESPONSIBILITY




07
LAPORAN KEUANGAN
FINANCIAL STATEMENT




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                                              Tanggung Jawab Sosial Perusahaan
                                                  Corporate Social Responsibility




                                                           SQ Res, Jakarta

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TANGGUNG JAWAB SOSIAL PERUSAHAAN
CORPORATE SOCIAL RESPONSIBILITY


TANGGUNG JAWAB SOSIAL DAN                                         CORPORATE SOCIAL RESPONSIBILITY
LINGKUNGAN
Perusahaan         menyampaikan         informasi   pelaksanaan   The     Company     presents     information     about      the
Tanggung Jawab Sosial dan Lingkungan Perusahaan                   implementation of Corporate Social Responsibility (CSR) in
(Corporate Social Responsibility; CSR) Tahun 2025. Penyusunan     2025. The preparation of this report is in accordance with the
laporan berpedoman pada Surat Edaran Otoritas Jasa                Financial Services Authority Circular Letter (SEOJK) No. 16/
Keuangan (SEOJK) No.16/SEOJK.04/2021 tentang Bentuk               SEOJK.04/2021 concerning the Form and Content of Annual
dan Isi Laporan Tahunan, khususnya pada bagian Uraian Isi         Reports, specifically in the Description of Annual Report
Laporan Tahunan huruf h. Laporan Keberlanjutan disusun            Content under point h. The Sustainability Report is prepared
secara terpisah namun tetap menjadi satu kesatuan dari            separately but remains an integral part of the Annual Report.
Laporan Tahunan.

PELAKSANAAN PROGRAM                                               PROGRAM IMPLEMENTATION
Pada tahun 2025, Perseroan fokus pada penguatan                   In 2025, the Company put greater emphasis on strengthening
kepedulian sosial, pendidikan, kesehatan masyarakat, serta        social awareness, education, public health, and community
pemberdayaan komunitas melalui kolaborasi berbagai                empowerment       through      collaboration   with      various
pihak.                                                            stakeholders.


Melalui program “Intiland Peduli”, Perseroan menyalurkan          Through the “Intiland Peduli” program, the Company
bantuan kemanusiaan bagi korban bencana di wilayah                distributed humanitarian aid for disaster victims in
Sumatera. Bantuan ini disalurkan melalui Pemerintah Kota          Sumatera region through the Surabaya City Government
Surabaya bekerja sama dengan Badan Penanggulangan                 in collaboration with the Regional Disaster Management
Bencana Daerah (BPBD) Kota Surabaya untuk didistribusikan         Agency of Surabaya City, to be further distributed to affected
ke daerah terdampak di wilayah Aceh, Sumatera Utara, dan          areas in Aceh, North Sumatera, and West Sumatera. In
Sumatera Barat. Masih berkolaborasi dengan Pemerintah             collaboration with the Surabaya City Government, the
Kota Surabaya, Perseroan menghadirkan program perbaikan           Company presented a program for the renovation of unfit-
rumah tidak layak huni. Program ini secara aktif melibatkan       for-habitation houses. This program actively involves
karyawan sebagai relawan melalui aksi Intiland Volunteer          employees as volunteers through the Intiland Volunteer Day
Day.                                                              initiative.


Pada aspek kesehatan, sejumlah proyek Perseroan merancang         In health aspect, several of the Company's projects held
program kampanye peduli kesehatan secara reguler, antara          regular health awareness campaign such as blood donation,
lain kegiatan donor darah, kelas yoga pilates, yoga for men,      yoga and pilates classes, yoga for men, gymnastics, and
senam, dan kelas poundfit yang diikuti para penyewa dan           poundfit classes, attended by both tenants and the public.
masyarakat. Dukungan terhadap pendidikan dan generasi             Support for education and the youth generation remains a
muda masih menjadi salah satu prioritas melalui program           main priority through internship programs, research, and
magang, riset, serta kegiatan studi lapangan oleh mahasiswa       field study activities for students from various universities
dari berbagai perguruan tinggi di Indonesia. Perseroan juga       across Indonesia. The Company continues to promote local
terus mendorong aspek pemberdayaan masyarakat lokal,              community empowerment by prioritizing the recruitment of
melalui penyerapan tenaga kerja di lingkungan sekitar             laborers from the areas surrounding its project sites.
proyek.




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                                                                                                          Corporate Social Responsibility




Perseroan sepanjang tahun 2025 merealisasikan sebanyak         Throughout 2025, the Company implemented a total of 51
51 program kegiatan CSR yang meliputi 26 program charity/      CSR activities programs, comprising 26 charity/philanthropy
filantropi, 21 program pengembangan masyarakat, 1 program      programs,   21   community         development         programs,        1
lingkungan, dan 3 program ketenagakerjaan. Perseroan           environmental program, and 3 employment programs. The
telah melakukan pengukuran kinerja CSR melalui metode          Company measures its CSR performance using the Social
Social Return on Investment (SROI) sebagai alat evaluasi       Return on Investment (SROI) method as a tool to evaluate
atas dampak sosial dan lingkungan yang dihasilkan. Di          the resulting social and environmental impacts. In 2025, the
tahun 2025, Perseroan memperoleh nilai SROI sebesar 1,3.       Company booked a SROI value of 1.3. This SROI achievement
Pencapaian SROI tersebut mencerminkan dampak sosial dan        reflects a positive social and environmental impact compared
lingkungan yang positif dibandingkan dengan sumber daya        to the resources invested
yang diinvestasikan.

REALISASI PENYALURAN DANA                                      ACTUAL FUND DISBURSEMENT
Sepanjang     tahun       2025,   Perseroan   merealisasikan   Throughout 2025, the Company realized CSR fund
penyaluran dana CSR sebesar Rp956,9 juta dengan jumlah         disbursement amounting to Rp956.9 million, benefiting
penerima manfaat sebanyak 4.302 orang. Dana tersebut           a total of 4,302 recipients. The funds were allocated to
dialokasikan untuk mendukung berbagai program dengan           support various programs with the following composition:
komposisi sebagai berikut: 51% untuk program charity/          51% for charity/philanthropic programs, 41% for community
filantropi, 41% untuk program pengembangan masyarakat,         development programs, 2% for environmental programs,
2% untuk program lingkungan, dan 6% untuk program              and 6% for employment programs.
ketenagakerjaan.


Informasi lebih rinci mengenai strategi keberlanjutan, tata    More detailed information regarding the Company’s
kelola keberlanjutan, kinerja keberlanjutan, serta berbagai    sustainability    strategy,       sustainability         governance,
inisiatif dalam Tanggung Jawab Sosial dan Lingkungan           sustainability   performance,       and    various       Social     and
Perseroan, disampaikan pada Laporan Keberlanjutan Intiland     Environmental Responsibility initiatives is presented in
Tahun Buku 2025 yang merupakan bagian tak terpisahkan          the Intiland Sustainability Report for the 2025 Financial
dari Laporan Tahunan ini, sesuai dengan ketentuan SEOJK        Year, which constitutes an integral and inseparable part
No.16/SEOJK.04/2021 serta ASEAN Corporate Governance           of this Annual Report, in accordance with SEOJK No.16/
Scorecard (ACGS) B.4.7.                                        SEOJK.04/2021 and the ASEAN Corporate Governance
                                                               Scorecard (ACGS) B.4.7.




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DIREKTORI KORPORAT DAN PROYEK
CORPORATE AND PROJECT DIRECTORY


PT Intiland Development Tbk
Jakarta                                                         Surabaya
Kantor Pusat                                                    Spazio, 8th floor
Head Office                                                     Jl. Mayjen Yono Soewoyo Kav 3, Surabaya
Intiland Tower, Penthouse Floor                                 T +62 31 9900 0980
Jl. Jendral Sudirman 32, Jakarta 10220                          F +62 31 9900 1050
T +62 21 570 1912, 570 8088                                     E intiland.grande@intiland.com
F +62 21 570 0015, 570 0014                                     www.intiland.com
E info@intiland.com
www.intiland.com




Mixed-use & High rise
Mixed-use & High rise


1Park Avenue & The Hamilton              Fifty Seven Promenade                       South Quarter & SQ Rés
Jl. KH. M. Syafi’i Hadzami               Jl. Teluk Betung No.57, Kebon Melati,       Jl. R.A Kartini Kav.8
Kebayoran, Jakarta 12240                 Kecamatan Tanah Abang,                      Cilandak Barat, Jakarta 12430
T +62 723 7878                           Jakarta Pusat, DKI Jakarta 10230            T +62 21 750 8088
F +62 722 7979                           T +62 877 8866 5757                         F +62 21 750 8555
E 1park@intiland.com                     F +62 21 2139 2397                          E info@south-quarter.com
www.1park-avenue.com                     E 57promenade@intiland.com                  www.southquarter.co.id
                                         www.57promenade.com
Aeropolis                                                                            Spazio Tower
Jl. Marsekal Suryadarma                  Praxis                                      Jl. Mayjen Yono Soewoyo Kav. 5
Neglasari, Tangerang 15129               Jl. Sono Kembang 4-6                        Surabaya 60226, Jawa Timur
T +62 21 5591 3456                       Surabaya 60271, Jawa Timur                  T +62 31 99 150 888
F +62 21 5591 3574                       T +62 31 9927 7777                          F +62 31 60039 595
E aeropolis@intiland.com                 F +62 31 5464 700                           E spaziotower@intiland.com
www.aeropolis.co.id                      E praxis@intiland.com                       www.spaziotower.com
                                         www.praxiscbd.com
Graha Golf                                                                           Sumatra36
Jl. Raya Golf Graha Famili,              Regatta                                     Jl. Sumatra No. 36,
Graha Famili, Surabaya, Jawa Timur       Jl. Raya Pantai Mutiara, Blok TG 1 D        Surabaya 60131, Jawa Timur
T +62 31 9900 0980                       Pluit, Jakarta Utara 14450                  T +62 31 5026 222
F +62 31 9900 1050                       T +62 21 6660 3080                          F +62 31 5036 222
E grahagolf@intiland.com                 F +62 21 6660 5513                          E sumatra36@intiland.com
www.grahagolf.com                        E info@regattajakarta.com                   www.sumatra36.com
                                         www.regattajakarta.com




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                                                                                                Corporate Social Responsibility




The Rosebay                            Tierra                                  West One City
Jl. Boulevard Famili Utara,            Jl. Raya Darmo Harapan 1                Jl. Lingkar Luar Barat, Duri Kosambi
Blok W, Graha Famili                   Surabaya, Jawa Timur 60186              Cengkareng, Jakarta Barat 11750
Surabaya, 60227, Jawa Timur            T +62 31 9900 0980                      T +62 21 576 2678
T +62 31 9900 0980                     F +62 31 9900 1050                      F +62 21 576 0970
F +62 31 9900 1050                     E tierra@intiland.com                   E info@intiland.com
E therosebay@intiland.com              www.tierra.co.id
www.therosebay.co.id




Residensial
Landed Residential


1Park Homes
Jl. KH. M. Syafi’i Hadzami             Graha Famili                            Magnolia Residence
Kebayoran, Jakarta 12240               Property Management                     Jl. Gatot Subroto, KM 6,8, Jatake,
T +62 21 723 7878                      Golf Graha Famili Timur II / Blok E     Jatiuwung, Tangerang 15136
F +62 21 722 7979                      Vertikal                                T +62 21 591 8000
E 1parkhomes@intiland.com              Surabaya 60227, Jawa Timur              F +62 21 591 3000
www.intiland.com                       T +62 31 732 1162, 732 7049, 731 0913   E magnoliaresidence@intiland.com
                                       F +62 31 734 8378                       www.intiland.com
Amesta Living                          E info@graha-famili.com
Jl. Gunung Anyar Tambak, Gunung        www.intiland.com                        Pinang Residence
Anyar,                                                                         Jl. Deplu Raya
Surabaya, Jawa Timur                   Graha Natura                            Pondok Pinang, Jakarta 12320
T +62 821 1888 8100                    Kawasan Perumahan Graha Natura          T +62 21 736 2829
E amestaliving@grahaabdael.co.id       Jl. Sambi Kerep, Lontar, Surabaya,      F +62 21 570 0015
www.amestaliving.co.id                 Jawa Timur                              E info@intiland.com
                                       T +62 31 7412 995
Brezza                                 E info@grahanatura.com                  Regatta Residence
Pantai Mutiara Sports Club             www.grahanatura.com                     Jl. Raya Pantai Mutiara, Blok TG 1 D
Jl. Pantai Mutiara                                                             Pluit, Jakarta Utara 14450
Jakarta Utara 14450                    Green Bestari Park                      T +62 21 6660 3080
T +62 21 6696790                       Jl. Jungle Boulevard No. 1,             F +62 21 6660 5513
E brezza@intiland.com                  Jl. Raya Serang KM 21,                  E info@regattajakarta.com
www.intiland.com                       Cikupa Tangerang, Banten
                                       T +62 811 8888 9378                     Sakha Semanan
Dharma Raya Trawas – (Villa)           E greencasa.duo@intimitbana.com         Ruko Plaza de Lumina, Blok C 8-9
Trawas, Mojokerto 61375, Jawa Timur    www.greenbestaripark.co.id              Jl. Outer Ring Road Cengkareng
T +62 343 880 015                                                              Jakarta Barat 11750
F +62 343 880 012                      Virya Semanan                           T +62 21 544 7878
E intiland.grande@intiland.com         Jl. Taman Semanan Raya No.8 Duri        www.intiland.com
www.intiland.com                       Kosambi, Cengkareng, Jakarta Barat,
                                       West Jakarta 11750
                                       T +62 21 5447878
                                       F +62 21 5446263
                                       E tsi@intiland.com
                                       www.intiland.com


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Serenia Hills                            South Grove                      Talaga Bestari
Jl. Karang Tengah Raya No. 9             Jl. Lebak Bulus I No. 66,        Jl. Raya Serang KM 21,
Lebak Bulus, Jakarta Selatan, 12440      Lebak Bulus, Cilandak,           Cikupa Tangerang, Banten
T +62 21 766 6143                        Jakarta Selatan, 12440           T +62 21 596 2222
F +62 21 765 5620                        T +62 21 7666143                 F +62 21 596 3695
E sereniahills@intiland.com              E info@southgrove.id             E talagabestari@intiland.com
 marketing@sereniahills.co.id                                             www.talagabestari.com



Kawasan Industri
Industrial Estate



Batang Industrial Park                   Ngoro Industrial Park            Aeropolis Techno Park
Jl Raya Tulis – Bandar, Kecamatan        Jl. Raya Ngoro, Kec. Ngoro       Jl. Marsekal Suryadarma
Tulis,                                   Mojokerto 61385                  Neglasari, Tangerang 15129
Kabupaten Batang,                        T +62 321 681 9432               T +62 21 5591 3456
Jawa Tengah.                             F +62 321 681 9433               F +62 21 5591 3574
T +62 285 3974188                        E info@ngoroindustrialpark.com   E aeropolis@intiland.com
E BIP@intiland.com                       www.intiland.com                 www.aeropolis.co.id
www.batangindustrialpark.com




Properti Investasi
Investment Properties



Perkantoran
Office

Intiland Tower Jakarta                   Graha Pratama                    Spazio
Intiland Hospitality & Property          Jl. MT. Haryono Kav. 15,         Jl. Mayjen Yono Soewoyo Kav 3,
Management                               Tebet, Jakarta Selatan,          Surabaya 60226, Jawa Timur
Intiland Tower, M1 Floor                 DKI Jakarta 12810                T +62 31 9900 0901
Jl. Jendral Sudirman 32, Jakarta 10220   T +62 21 8301367                 F +62 31 9900 0906
T +62 21 570 8181                        F +62 21 8295493                 E spazio@intiland.com
F +62 21 570 8182                                                         www.spazio.co.id
E ihpm@intiland.com                      South Quarter
www.intilandtower.com                    Jl. R.A Kartini Kav.8
                                         Cilandak Barat, Jakarta 12430
Intiland Tower Surabaya                  T +62 21 750 8088
Jl. Panglima Sudirman 101-103            F +62 21 750 8555
Surabaya 60271                           E info@south-quarter.com
T +62 31 548 2722, 548 2723              www.southquarter.co.id
F +62 31 548 2721
E info@intilandtower.com
www.intilandtower.com



298       PT Intiland Development Tbk                                       Laporan Tahunan 2025 Annual Report
Page 299
                                                                                            Tanggung Jawab Sosial Perusahaan
                                                                                                Corporate Social Responsibility




Perhotelan                               Pusat Belanja, Ritel, dan
Hospitality                              Komersial
                                         Mall, Retail, & Commercial
Intiwhiz International
Hospitality Management                   Poins                                WTC Surabaya
Intiland Tower, M2 Floor                 Jl. R.A. Kartini No. 1               Jl. Pemuda No. 27-31,
Jl. Jendral Sudirman 32, Jakarta 10220   Lebak Bulus, Jakarta Selatan         Emobong Kaliasin, Genteng,
T +62 21 571 0088                        Jakarta 12440, Indonesia             Surabaya 60263,
F +62 21 5785 1130                                                            Jawa Timur
E contact@whizhotels.com                                                      T +62 31 5319 310
www.intiwhiz.com                                                              E wtcsby@gmail.com
                                                                              www.wtcemall.com


Golf & Klub Olahraga
Golf & Sport Club

Golf Graha Famili & Country Club         Natura Clubhouse                     Sports Club Talaga Bestari
Jl. Raya Golf Graha Famili               Kawasan Perumahan Graha Natura       Jl. Jungle Boulevard No.1,
Surabaya 60226, Jawa Timur               Jl. Sambi Kerep, Lontar, Surabaya,   Jungle Walk Talaga Bestari,
T +62 31 731 5500                        Jawa Timur                           Cikupa, Tangerang, 15710
F +62 31 731 0477                        T +62 812 2225 5456                  T +62 21 596 3693
E info@golfgraha.com                     E grahanatura@intiland.com           F +62 21 596 3695
www.golfgraha.com                        www.grahanatura.com                  E cs@sportsclubtalagabestari.com
                                                                              www.intiland.com
Club PM                                  Roca
Jl. Raya Pantai Mutiara, Pluit           Jl. Boulevard Famili Utara, Blok O
Jakarta Utara 14450                      Graha Famili,
T +62 21 669 7146                        Surabaya 60227 Jawa Timur            Lain-lain
                                                                              Others
F +62 21 669 4489                        T +62 31 9902 0888 / 0183
E clubpm@intiland.com                    E roca@intiland.com
                                                                              Intiland Foundation
                                         rocasportcenter.com
                                                                              Intiland Tower, Penthouse Floor
Club Serenia Mansion
                                                                              Jl. Jendral Sudirman 32, Jakarta 10220
Jl. Karang Tengah Raya No. 9             Runway
                                                                              T +62 21 570 1912
Lebak Bulus, Jakarta Selatan, 12440      Sports Club Aeropolis
                                                                              F +62 21 570 0015
T +62 21 750 3002 / 766 6144             Jl. Sekarwangi No. 61, Kelurahan
                                                                              E info@intiland.com
F +62 21 765 5620                        Neglasari
                                                                              www.intiland.com
E clubsereniamansion@intiland.com        Kecamatan Neglasari
www.intiland.com                         Kota Tangerang 15129
                                         T +62 1952 0224 344
                                         www.aeropolis.co.id




  Annual Report 2025 Laporan Tahunan                                              PT Intiland Development Tbk           299
Page 300
06
TANGGUNG JAWAB SOSIAL PERUSAHAAN
CORPORATE SOCIAL RESPONSIBILITY




07
LAPORAN
KEUANGAN
FINANCIAL
STATEMENT
Page 301
                                                   Serenia Hills, Jakarta

Annual Report 2025 Laporan Tahunan   PT Intiland Development Tbk      301
Page 302
Halaman ini sengaja dikosongkan
This page is intentionally left blank
Page 303
PT Intiland Development Tbk
dan Entitas Anak/and Its Subsidiaries
Laporan Keuangan Konsolidasian/
Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir 31 Desember 2025 dan 2024/
For the Years Ended December 31, 2025 and 2024
Page 304
PT INTILAND DEVELOPMENT Tbk DAN ENTITAS ANAK/AND ITS SUBSIDIARIES
DAFTAR ISI/TABLE OF CONTENTS



                                                                                             Halaman/
                                                                                               Page

Laporan Auditor Independen/Independent Auditors’ Report

Surat Pernyataan Direksi tentang Tanggung Jawab atas Laporan Keuangan Konsolidasian
    PT Intiland Development Tbk dan Entitas Anak untuk Tahun-tahun yang Berakhir
    31 Desember 2025 dan 2024/
The Directors’ Statement on the Responsibility for Consolidated Financial Statements of
   PT Intiland Development Tbk and Its Subsidiaries for the Years Ended December 31, 2025
   and 2024

LAPORAN KEUANGAN KONSOLIDASIAN – Untuk Tahun-tahun yang Berakhir 31 Desember
   2025 dan 2024/
CONSOLIDATED FINANCIAL STATEMENTS – For the Years Ended December 31, 2025 and
   2024

    Laporan Posisi Keuangan Konsolidasian/Consolidated Statements of Financial Position         1

    Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/Consolidated
       Statements of Profit or Loss and Other Comprehensive Income                              3

    Laporan Perubahan Ekuitas Konsolidasian/Consolidated Statements of Changes in Equity        4

    Laporan Arus Kas Konsolidasian/Consolidated Statements of Cash Flows                        5

    Catatan atas Laporan Keuangan Konsolidasian/Notes to Consolidated Financial Statements      6
Page 305

          
Page 306

          
Page 307

          
Page 308

          
Page 309

          
Page 310

          
Page 311

          
Page 312

          
Page 313
PT INTILAND DEVELOPMENT Tbk DAN ENTITAS ANAK                                                                PT INTILAND DEVELOPMENT Tbk AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                                                                   Consolidated Statements of Financial Position
31 Desember 2025 dan 2024                                                                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                              (Figures are Presented in Rupiah, unless Otherwise Stated)




                                                                                 Catatan/
                                                                     2025         Notes             2024

ASET                                                                                                                  ASSETS

ASET LANCAR                                                                                                           CURRENT ASSETS

Kas dan setara kas                                           944.374.405.854         4         752.320.105.532        Cash and cash equivalents
Piutang usaha - setelah dikurangi
   cadangan kerugian penurunan nilai                                                                                  Trade accounts receivable - net of allowance
   masing-masing sebesar Rp 3.300.978.827                                                                               for impairment of Rp 3,300,978,827 and
   dan Rp 5.667.020.318 pada tanggal                                                                                    Rp 5,667,020,318 as of December 31, 2025
   31 Desember 2025 dan 2024                                                          6                                 and 2024, respectively
   Pihak berelasi                                             22.894.597.387         44         41.834.506.580          Related party
   Pihak ketiga                                              130.521.559.945                   125.635.331.022          Third parties
Piutang lain-lain - pihak ketiga - setelah dikurangi
   cadangan kerugian penurunan nilai                                                                                  Other accounts receivable - third parties - net of
   sebesar Rp 558.250.000 pada tanggal                                                                                   allowance for impairment of Rp 558,250,000
   31 Desember 2025 dan 2024                                  16.989.931.501          7          9.260.434.808           as of December 31, 2025 and 2024
Persediaan                                                 1.708.789.705.901          8      2.455.485.776.171        Inventories
Uang muka                                                     40.711.021.242          9         64.708.396.800        Advances
Pajak dibayar dimuka                                         116.354.559.246         10        118.572.904.796        Prepaid taxes
Biaya dibayar dimuka yang akan jatuh tempo
   dalam waktu satu tahun                                     15.589.936.219         11         11.970.112.613        Current portion of prepaid expenses
Kas dan deposito yang dibatasi penggunaannya                 240.847.470.178         12        290.779.797.975        Restricted cash and time deposits

Jumlah Aset Lancar                                         3.237.073.187.473                 3.870.567.366.297        Total Current Assets


ASET TIDAK LANCAR                                                                                                     NONCURRENT ASSETS

Piutang usaha - pihak ketiga                                   2.954.306.634          6          4.207.572.459        Trade accounts receivable - third parties
Kas dan deposito yang dibatasi penggunaannya                  84.146.193.990         12         59.455.674.705        Restricted cash and time deposits
Persediaan                                                 2.828.461.158.598          8      2.754.565.132.660        Inventories
Uang muka - setelah dikurangi cadangan kerugian                                                                       Advances - net of allowance for impairment of
   penurunan nilai sebesar Rp 286.048.586.561                                                                            Rp 286,048,586,561 as of December 31, 2025
   pada tanggal 31 Desember 2025 dan 2024                    268.685.287.799         9         269.265.037.799           and 2024
Biaya dibayar dimuka - setelah dikurangi bagian
   yang akan jatuh tempo dalam waktu satu tahun                   73.164.414         11          1.443.104.963        Prepaid expenses - net of current portion
Tanah yang belum dikembangkan                              3.553.467.755.107         13      3.896.603.155.948        Land for development
Piutang pihak berelasi non - usaha                               601.000.000         44                      -        Due from related parties
Investasi aset keuangan pada nilai wajar                                                                              Investments in financial assets at fair value
   melalui penghasilan komprehensif lain                     102.421.571.139          5        102.421.571.139           through other comprehensive income
Investasi entitas asosiasi dan ventura bersama               360.788.263.392         14        352.553.814.896        Investments in associates and joint ventures
Aset pajak tangguhan                                         476.235.561.391         41        361.884.884.914        Deferred tax assets
Properti investasi - setelah dikurangi                                                                                Investment properties - net of accumulated
   akumulasi penyusutan masing-masing sebesar                                                                            depreciation of Rp 1,010,190,352,973 and
   Rp 1.010.190.352.973 dan Rp 921.499.101.815                                                                           Rp 921,499,101,815 as of December 31, 2025
   pada tanggal 31 Desember 2025 dan 2024                  1.555.077.767.753         15      1.638.491.113.505           and 2024, respectively
Aset tetap - setelah dikurangi akumulasi                                                                              Property and equipment - net of accumulated
   penyusutan masing-masing sebesar                                                                                      depreciation of Rp 461,106,373,222 and
   Rp 461.106.373.222 dan Rp 426.122.788.448                                                                             Rp 426,122,788,448 as of December 31, 2025
   pada tanggal 31 Desember 2025 dan 2024                    639.401.520.491         16        384.463.445.185           and 2024, respectively
Goodwill                                                       6.184.505.653         17          6.184.505.653        Goodwill
Aset lain-lain                                                 1.438.176.412         18          1.446.700.774        Other assets

Jumlah Aset Tidak Lancar                                   9.879.936.232.773                 9.832.985.714.600        Total Noncurrent Assets

JUMLAH ASET                                               13.117.009.420.246                13.703.553.080.897        TOTAL ASSETS




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                            See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                          which are an integral part of the consolidated financial statements.


                                                                               -1-
Page 314
PT INTILAND DEVELOPMENT Tbk DAN ENTITAS ANAK                                                                PT INTILAND DEVELOPMENT Tbk AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                                                                   Consolidated Statements of Financial Position
31 Desember 2025 dan 2024                                                                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                              (Figures are Presented in Rupiah, unless Otherwise Stated)




                                                                                 Catatan/
                                                                     2025         Notes             2024

LIABILITAS DAN EKUITAS                                                                                                LIABILITIES AND EQUITY

LIABILITAS                                                                                                            LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                              CURRENT LIABILITIES

Utang bank jangka pendek                                     766.532.770.367         19      1.045.556.048.076        Short-term bank loans
Utang usaha kepada pihak ketiga                               81.670.034.810         21         84.351.133.392        Trade accounts payable to third parties
Pinjaman dari pihak ketiga                                   151.547.456.268         22         26.817.072.140        Loans from third parties
Utang lain-lain                                               46.550.268.057         23         23.793.924.402        Other accounts payable
Utang pajak                                                   36.594.254.970         24         27.856.897.639        Taxes payable
Beban akrual                                                 611.126.747.447         25        523.636.709.510        Accrued expenses
Pendapatan diterima dimuka                                   113.242.275.391         26         95.721.743.978        Unearned revenues
Liabilitas kontrak                                         1.133.881.049.692         27      1.162.804.337.024        Contract liabilities
Bagian liabilitas jangka panjang yang akan
   jatuh tempo dalam waktu satu tahun:                                                                                Current portion of long-term liabilities:
   Utang bank                                                384.821.379.176         19        125.743.246.215          Bank loans
   Utang pembiayaan konsumen                                     389.350.391         28            168.242.894          Consumer finance payables
   Utang sukuk ijarah                                                      -         20        372.556.207.453          Sukuk ijarah payable
Uang jaminan                                                  72.477.329.007         29         94.102.630.111        Guarantee deposits

Jumlah Liabilitas Jangka Pendek                            3.398.832.915.576                 3.583.108.192.834        Total Current Liabilities


LIABILITAS JANGKA PANJANG                                                                                             NONCURRENT LIABILITIES

Pinjaman dari pihak ketiga                                    56.204.050.463         22         62.387.705.683        Loans from third parties
Utang lain-lain                                              490.061.367.956         23        325.749.268.023        Other accounts payable
Pendapatan diterima dimuka                                    11.198.976.696         26         13.062.822.804        Unearned revenues
Liabilitas kontrak                                           146.612.100.748         27         95.107.074.994        Contract liabilities
Uang jaminan                                                 213.148.830.645         29        214.072.102.203        Guarantee deposits
Liabilitas imbalan kerja jangka panjang                       75.849.586.279         43         98.120.466.141        Long-term employee benefits liability
Liabilitas jangka panjang - setelah dikurangi
   bagian yang akan jatuh tempo dalam waktu
   satu tahun:                                                                                                        Long-term liabilities - net of current portion:
   Utang bank                                              1.929.387.294.411         19      2.564.887.442.237          Bank loans
   Utang pembiayaan konsumen                                     216.244.257         28            113.185.575          Consumer finance payables
Liabilitas pajak tangguhan                                     8.619.245.097         41             32.350.021        Deferred tax liabilities

Jumlah Liabilitas Jangka Panjang                           2.931.297.696.552                 3.373.532.417.681        Total Noncurrent Liabilities

Jumlah Liabilitas                                          6.330.130.612.128                 6.956.640.610.515        Total Liabilities

EKUITAS                                                                                                               EQUITY

Ekuitas yang Dapat Diatribusikan kepada                                                                               Equity Attributable to Owners of
  Pemilik Entitas Induk                                                                                                 the Parent Company
Modal saham                                                                                                           Capital stock
  Modal dasar - 24.000.000.000 saham                                                                                    Authorized - 24,000,000,000 shares with
      dengan nilai nominal Rp 250 per saham                                                                                Rp 250 par value per share
  Modal ditempatkan dan disetor -
      10.365.854.185 saham                                 2.591.463.546.250         32      2.591.463.546.250           Issued and paid-up - 10,365,854,185 shares
Tambahan modal disetor - bersih                            1.096.320.037.357         33      1.096.320.037.357        Additional paid-in capital - net
Selisih nilai transaksi dengan kepentingan                                                                            Difference in value arising from transactions with
  non-pengendali                                             514.290.640.361                   514.290.640.361           non-controlling interests
Saldo laba                                                                                                            Retained earnings
  Ditentukan penggunaannya                                    24.000.000.000         34         22.000.000.000           Appropriated
  Belum ditentukan penggunaannya                           1.418.044.235.341                 1.350.529.925.832           Unappropriated

Jumlah Ekuitas yang Dapat Diatribusikan                                                                               Total Equity Attributable to Owners of
  kepada Pemilik Entitas Induk                             5.644.118.459.309                 5.574.604.149.800          the Parent Company
Kepentingan Non-pengendali                                 1.142.760.348.809         31      1.172.308.320.582        Non-controlling interests

Jumlah Ekuitas                                             6.786.878.808.118                 6.746.912.470.382        Total Equity

JUMLAH LIABILITAS DAN EKUITAS                             13.117.009.420.246                13.703.553.080.897        TOTAL LIABILITIES AND EQUITY




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                            See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                          which are an integral part of the consolidated financial statements.


                                                                               -2-
Page 315
PT INTILAND DEVELOPMENT Tbk DAN ENTITAS ANAK                                                            PT INTILAND DEVELOPMENT Tbk AND ITS SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian                     Consolidated Statements of Profit or Loss and Other Comprehensive Income
Untuk Tahun-tahun yang Berakhir 31 Desember 2025 dan 2024                                                        For the Years Ended December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                          (Figures are Presented in Rupiah, unless Otherwise Stated)


                                                                               Catatan/
                                                                2025            Notes              2024

PENDAPATAN USAHA                                         2.462.390.177.632       35          2.553.285.289.717       REVENUES

BEBAN POKOK PENJUALAN DAN
  BEBAN LANGSUNG                                         1.501.903.007.692       36          1.767.933.285.955       COST OF SALES AND DIRECT EXPENSES

LABA KOTOR                                                 960.487.169.940                    785.352.003.762        GROSS PROFIT
BEBAN USAHA                                                                                                          OPERATING EXPENSES
Penjualan                                                   39.163.521.393       37            58.947.587.754        Selling
Umum dan administrasi                                      249.082.875.785       38           272.173.222.318        General and administrative

Jumlah Beban Usaha                                         288.246.397.178                    331.120.810.072        Total Operating Expenses

LABA USAHA                                                 672.240.772.762                    454.231.193.690        OPERATING PROFIT
PENGHASILAN (BEBAN) LAIN-LAIN                                                                                        OTHER INCOME (EXPENSES)
Keuntungan atas penghapusan liabilitas keuangan            457.644.819.534       19            328.161.741.895       Gain on extinguishment of financial liabilities
Pendapatan bunga                                            20.818.760.521       39             19.563.442.726       Interest income
Pendapatan dividen                                          14.747.660.720        5             21.507.324.640       Dividend income
Keuntungan penjualan aset tetap                                918.737.763       16                384.422.561       Gain on sale of property and equipment
Keuntungan kurs mata uang asing - bersih                       203.374.176                         126.760.894       Gain on foreign exchange - net
Kerugian penurunan nilai aset                             (462.247.452.217)      13                          -       Loss on impairment of assets
Beban bunga                                               (371.506.926.541)      40           (359.417.153.294)      Interest expense
Komponen pendanaan atas liabilitas kontrak                 (76.820.455.476)      27            (97.839.163.849)      Financing component of contract liabilities
Keuntungan penjualan investasi entitas anak                              -                       1.747.172.155       Gain on sale of investment in subsidiary
Ekuitas di entitas asosiasi sebelum pelepasan                            -       14              1.496.867.152       Equity in an associate prior to disposal
Kerugian penjualan investasi entitas asosiasi                            -       14            (12.183.459.226)      Loss on sale of investment in associates
Ekuitas di entitas anak sebelum pelepasan                                -                         (25.529.824)      Equity in a subsidiary prior to disposal
Lain-lain - bersih                                        (104.625.475.746)                    (24.008.033.768)      Others - net

Beban Lain-lain - Bersih                                  (520.866.957.266)                   (120.485.607.938)      Other Expenses - Net

EKUITAS PADA LABA BERSIH ENTITAS                                                                                     SHARE IN NET PROFIT OF
  ASOSIASI DAN VENTURA BERSAMA                               7.773.504.135       14             73.340.417.189         ASSOCIATES AND JOINT VENTURE

LABA SEBELUM PAJAK FINAL DAN                                                                                         PROFIT BEFORE FINAL TAX AND
  PAJAK PENGHASILAN                                        159.147.319.631                    407.086.002.941          INCOME TAX

PAJAK FINAL                                                 (80.202.323.787)                   (80.511.912.920)      FINAL TAX

LABA SEBELUM PAJAK PENGHASILAN                              78.944.995.844                    326.574.090.021        PROFIT BEFORE INCOME TAX

MANFAAT (BEBAN) PAJAK                                                            41                                  TAX BENEFIT (EXPENSE)
Kini                                                        (8.154.654.962)                    (10.815.815.418)      Current tax
Tangguhan                                                  107.766.763.062                     (51.906.543.548)      Deferred tax
Manfaat (beban) pajak - bersih                              99.612.108.100                     (62.722.358.966)      Tax benefit (expense) - net

LABA TAHUN BERJALAN                                        178.557.103.944                    263.851.731.055        PROFIT FOR THE YEAR
PENGHASILAN (RUGI) KOMPREHENSIF LAIN                                                                                 OTHER COMPREHENSIVE INCOME (LOSS)
                                                                                                                     Items that will not be reclassified subsequently
Pos yang tidak akan direklasifikasi ke laba rugi:                                                                       to profit or loss:
  Ekuitas pada pengukuran kembali liabilitas
     imbalan pasti dari entitas asosiasi dan                                                                            Share of remeasurement of defined benefit
     ventura bersama                                           (30.164.923)      14                 61.905.886            liability of associates and joint venture
  Pengukuran kembali liabilitas imbalan pasti                8.145.725.072       43              3.975.577.961          Remeasurement of defined benefit liability
  Pajak sehubungan dengan pos yang tidak                                                                                Tax relating to items that will not
     akan direklasifikasi                                    (2.002.981.661)     41               (423.513.432)           be reclassified
JUMLAH PENGHASILAN KOMPREHENSIF                                                                                      TOTAL OTHER COMPREHENSIVE INCOME -
  LAIN - BERSIH                                              6.112.578.488                       3.613.970.415         NET OF TAX

JUMLAH PENGHASILAN KOMPREHENSIF                            184.669.682.432                    267.465.701.470        TOTAL COMPREHENSIVE INCOME

JUMLAH LABA TAHUN BERJALAN YANG                                                                                      TOTAL PROFIT FOR THE YEAR
  DAPAT DIATRIBUSIKAN KEPADA:                                                                                          ATTRIBUTABLE TO:
  Pemilik entitas induk                                     64.263.746.535                    174.766.158.653          Owners of the Parent Company
  Kepentingan non-pengendali                               114.293.357.409                     89.085.572.402          Non-controlling interests
                                                           178.557.103.944                    263.851.731.055
JUMLAH PENGHASILAN KOMPREHENSIF                                                                                      TOTAL COMPREHENSIVE INCOME
  YANG DAPAT DIATRIBUSIKAN KEPADA:                                                                                     ATTRIBUTABLE TO:
  Pemilik entitas induk                                     69.514.309.509                    178.010.801.502          Owners of the Parent Company
  Kepentingan non-pengendali                               115.155.372.923       31            89.454.899.968          Non-controlling interests
                                                           184.669.682.432                    267.465.701.470

LABA PER SAHAM DASAR                                           6,20              42               16,86              BASIC EARNINGS PER SHARE




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                           See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                         which are an integral part of the consolidated financial statements.


                                                                               -3-
Page 316
PT INTILAND DEVELOPMENT Tbk DAN ENTITAS ANAK                                                                                                                                                                            PT INTILAND DEVELOPMENT Tbk AND ITS SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian                                                                                                                                                                                              Consolidated Statements of Changes in Equity
Untuk Tahun-tahun yang Berakhir 31 Desember 2025 dan 2024                                                                                                                                                                         For the Years Ended December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                                                                                                                                           (Figures are Presented in Rupiah, unless Otherwise Stated)


                                                                                                  Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Company
                                                                                                                                   Selisih Nilai Transaksi
                                                                                                                                    dengan Kepentingan
                                                                                                                                      Nonpengendali/
                                                                                            Modal            Tambahan Modal          Difference in Value
                                                                                        Ditempatkan               Disetor/               Arising from             Saldo Laba/Retained Earnings                                          Kepentingan
                                                                                        dan Disetor/            Additional           Transactions with          Ditentukan            Belum Ditentukan                                 Nonpengendali/
                                                                            Catatan/     Issued and               Paid-in             Non-Controlling        Penggunaannya/           Penggunaannya/             Jumlah/               Non-Controlling              Jumlah Ekuitas/
                                                                             Notes     Paid-up Capital            Capital                  Interests           Appropriated            Unappropriated             Total                   Interests                   Total Equity

Saldo pada tanggal 1 Januari 2024/
   Balance as of January 1, 2024                                                       2.591.463.546.250     1.096.320.037.357          425.114.435.960        20.000.000.000       1.174.519.124.330        5.307.417.143.897          1.231.764.284.127            6.539.181.428.024
Penghasilan komprehensif/Comprehensive income
Laba tahun berjalan/Profit for the year                                                                -                      -                       -                      -       174.766.158.653           174.766.158.653             89.085.572.402              263.851.731.055
Penghasilan komprehensif lain/Other comprehensive income
   Pengukuran kembali liabilitas imbalan kerja jangka panjang/
      Remeasurement of long-term employee benefits liability                                           -                      -                       -                      -          3.244.642.849            3.244.642.849                369.327.566                3.613.970.415
Jumlah penghasilan komprehensif/
  Total comprehensive income                                                                           -                      -                       -                      -       178.010.801.502           178.010.801.502             89.454.899.968              267.465.701.470
Transaksi dengan pemilik/Transactions with owners
   Bagian kepentingan non-pengendali atas dividen entitas anak/
      Non-controlling interest share in dividends declared by subsidiary      31                       -                      -                       -                      -                      -                          -          (33.355.359.112)             (33.355.359.112)
   Peningkatan modal entitas anak/
      Capital injection in subsidiary                                         31                       -                      -                       -                      -                      -                          -            3.953.700.000                3.953.700.000
   Bagian kepentingan non-pengendali di entitas anak/
      Share of non-controlling interest in subsidiaries                       31                       -                      -                       -                      -                      -                          -         (131.133.000.000)            (131.133.000.000)
   Pelepasan sebagian kepemilikan pada entitas anak
      tidak mengakibatkan hilangnya pengendalian/
      Disposal of interest in subsidiary not resulting to loss of control    1c,31                     -                      -          89.176.204.401                      -                      -           89.176.204.401             11.623.795.599              100.800.000.000
Jumlah transaksi dengan pemilik/
  Total transactions with owners                                                                       -                      -          89.176.204.401                      -                      -           89.176.204.401           (148.910.863.513)             (59.734.659.112)
Pembentukan cadangan umum/
  Appropriation for general reserve                                           34                       -                      -                       -         2.000.000.000          (2.000.000.000)                         -                           -                          -
Saldo pada tanggal 31 Desember 2024/
   Balance as of December 31, 2024                                                     2.591.463.546.250     1.096.320.037.357          514.290.640.361        22.000.000.000       1.350.529.925.832        5.574.604.149.800          1.172.308.320.582            6.746.912.470.382
Penghasilan komprehensif/Comprehensive income
Laba tahun berjalan/Profit for the year                                                                -                      -                       -                      -         64.263.746.535           64.263.746.535            114.293.357.409              178.557.103.944
Penghasilan komprehensif lain/Other comprehensive income
   Pengukuran kembali liabilitas imbalan kerja jangka panjang/
      Remeasurement of long-term employee benefits liability                                           -                      -                       -                      -          5.250.562.974            5.250.562.974                862.015.514                6.112.578.488
Jumlah penghasilan komprehensif/
  Total comprehensive income                                                                           -                      -                       -                      -         69.514.309.509           69.514.309.509            115.155.372.923              184.669.682.432
Transaksi dengan pemilik/Transactions with owners
   Bagian kepentingan non-pengendali atas dividen entitas anak/
      Non-controlling interest share in dividends declared by subsidiary      31                       -                      -                       -                      -                      -                          -         (120.203.344.696)            (120.203.344.696)
   Bagian kepentingan non-pengendali di entitas anak/
      Share of non-controlling interest in a subsidiary                       31                       -                      -                       -                      -                      -                          -          (24.500.000.000)             (24.500.000.000)

Jumlah transaksi dengan pemilik/
  Total transactions with owners                                                                       -                      -                       -                      -                      -                          -         (144.703.344.696)            (144.703.344.696)
Pembentukan cadangan umum/
  Appropriation for general reserve                                           34                       -                      -                       -         2.000.000.000          (2.000.000.000)                         -                           -                          -
Saldo pada tanggal 31 Desember 2025/
   Balance as of December 31, 2025                                                     2.591.463.546.250     1.096.320.037.357          514.290.640.361        24.000.000.000       1.418.044.235.341        5.644.118.459.309          1.142.760.348.809            6.786.878.808.118




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                                                                                                                              See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                                                                                                                                            which are an integral part of the consolidated financial statements.



                                                                                                                                  -4-
Page 317
PT INTILAND DEVELOPMENT Tbk DAN ENTITAS ANAK                                                                               PT INTILAND DEVELOPMENT Tbk AND ITS SUBSIDIARIES
Laporan Arus Kas Konsolidasian                                                                                                               Consolidated Statement of Cash Flows
Untuk Tahun-tahun yang Berakhir 31 Desember 2025 dan 2024                                                                          For the Years Ended December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah,                                                                                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                                                  unless Otherwise Stated)



                                                                                         Catatan/
                                                                         2025             Notes           2024

ARUS KAS DARI AKTIVITAS OPERASI                                                                                             CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan dari pelanggan                                        2.441.808.327.774                  2.211.787.917.654       Cash receipts from customers
Pembayaran kepada:                                                                                                          Cash paid to:
  Pemasok                                                            (493.231.967.770)              (1.245.833.565.885)       Suppliers
  Karyawan                                                           (305.698.849.250)                (290.014.735.301)       Employees
  Lain-lain                                                          (485.494.023.117)                  (4.387.054.041)       Others
Kas dihasilkan dari operasi                                      1.157.383.487.637                    671.552.562.427       Net cash generated from operations
Pembayaran bunga                                                  (242.324.782.056)                  (423.836.481.697)      Interest paid
Pembayaran pajak penghasilan                                       (93.016.763.537)                   (79.556.953.444)      Income tax paid
Kas Bersih Diperoleh dari
  Aktivitas Operasi                                                  822.041.942.044                  168.159.127.286       Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                                           CASH FLOWS FROM INVESTING ACTIVITIES
Penerimaan dividen                                                     24.496.551.436      5,14        84.629.956.142       Dividends received
Penerimaan bunga                                                       20.818.760.521      39          19.563.442.726       Interest received
Hasil penjualan aset tetap                                              1.100.017.078      16           1.145.411.365       Proceeds from sale of property and equipment
Penambahan aset tetap                                                 (48.724.135.766)    16,52       (51.136.630.249)      Acquisitions of property and equipment
Penambahan investasi pada entitas asosiasi                                                                                  Payment for additions in investments in associates and
  dan ventura bersama                                                  (6.370.000.000)    14,52        (7.050.000.000)         joint ventures
Penurunan (kenaikan) uang muka investasi                               (2.400.000.000)     9,52        28.000.000.000       Decrease (increase) in advances for stock investments
Perolehan properti investasi                                           (1.729.780.422)    15,52        (2.224.823.224)      Acquisitions of investment properties
Penurunan (kenaikan) piutang pihak berelasi                              (601.000.000)     44           4.238.139.758       Decrease (increase) in amount due from related parties
Penerimaan dari penjualan entitas anak -                                                                                    Proceeds from sale of subsidiary - net of cash balance of
  dikurangi saldo kas entitas anak yang dijual                                      -      1c           6.181.928.762          disposed subsidiary
Penerimaan atas penjualan investasi entitas asosiasi                                -      14          40.902.675.377       Proceeds from sale of investments in associates
Penambahan investasi aset keuangan pada                                                                                     Payment for additions in investments in financial asset
  nilai wajar melalui penghasilan komprehensif lain                                 -       5         (75.000.000.000)         at fair value through other comprehensive income
Kenaikan piutang lain-lain                                                          -       7          (3.408.336.470)      Increase in other accounts receivable
Kas Bersih Diperoleh dari (Digunakan untuk)
  Aktivitas Investasi                                                 (13.409.587.153)                 45.841.764.187       Net Cash Provided by (Used in) Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN                                                                                           CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan dari:                                                                                                            Proceeds from:
  Pinjaman bank jangka panjang                                       294.545.279.341       19         350.000.000.000         Long-term bank loans
  Pinjaman dari pihak ketiga                                         145.775.895.574       22          15.154.968.448         Loans from third parties
  Utang bank jangka pendek                                            24.000.000.000       19          42.462.220.733         Short term bank loans
  Penjualan kepemilikan entitas anak                                                                                          Sale of interest in a subsidiary
     tanpa kehilangan pengendali                                                    -      1c         100.800.000.000            without loss of control
Pembayaran untuk:                                                                                                           Payments of:
  Utang sukuk ijarah                                                 (375.000.000.000)     20        (125.000.000.000)        Sukuk ijarah payable
  Utang bank jangka pendek                                           (303.341.142.156)     19        (247.324.409.720)        Short term bank loans
  Pinjaman bank jangka panjang                                       (260.982.409.665)     19        (342.258.367.491)        Long-term bank loans
  Dividen entitas anak kepada pihak nonpengendali                     (89.703.344.696)    23,31       (33.355.359.112)        Dividends of subsidiaries to noncontrolling interest
  Pinjaman dari pihak ketiga                                          (27.229.166.666)     22         (45.400.435.692)        Loans from third parties
  Penurunan modal di entitas anak                                     (24.500.000.000)     31        (131.133.000.000)        Reduction in capital in subsidiaries
  Utang pembiayaan konsumen                                              (318.933.821)     28            (128.826.910)        Consumer finance payables

Kas Bersih Digunakan untuk
  Aktivitas Pendanaan                                                (616.753.822.089)               (416.183.209.744)      Net Cash Used in Financing Activities

KENAIKAN (PENURUNAN) BERSIH                                                                                                 NET INCREASE (DECREASE) IN
  KAS DAN SETARA KAS                                                 191.878.532.802                 (202.182.318.271)        CASH AND CASH EQUIVALENTS
                                                                                                                            CASH AND CASH EQUIVALENTS AT
KAS DAN SETARA KAS AWAL TAHUN                                        752.320.105.532                  954.308.405.033          THE BEGINNING OF YEAR
Pengaruh perubahan kurs mata uang asing                                  175.767.520                      194.018.770       Effect of foreign exchange rate changes

KAS DAN SETARA KAS AKHIR TAHUN                                       944.374.405.854        4         752.320.105.532       CASH AND CASH EQUIVALENTS AT THE END OF YEAR




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                           See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                                         which are an integral part of the consolidated financial statements.



                                                                                         -5-
Page 318
PT INTILAND DEVELOPMENT Tbk                                                          PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                 (Figures are Presented in Rupiah, unless
Dinyatakan Lain)                                                                                    Otherwise Stated)


1. Umum                                                         1.    General

   a.   Pendirian dan Informasi Umum                                  a.    Establishment and General Information

        PT Intiland Development Tbk (Perusahaan)                            PT Intiland Development Tbk (the Company)
        didirikan   dalam      rangka   Undang-Undang                       was established within the framework of the
        Penanaman Modal Asing No. 1 tahun 1967,                             Foreign Capital Investment Law No. 1 year
        juncto Undang-Undang No. 11 tahun 1970,                             1967, as amended by Law No. 11 year 1970,
        berdasarkan       Akta     No.    118     tanggal                   based on Notarial Deed No. 118 dated
        10 Juni 1983 dari Kartini Muljadi, S.H., notaris di                 June 10, 1983 of Kartini Muljadi, S.H.,
        Jakarta, dengan nama PT Wisma Dharmala                              a public notary in Jakarta, under the name of
        Sakti. Akta Pendirian ini disahkan oleh Menteri                     PT Wisma Dharmala Sakti. The Deed of
        Kehakiman Republik Indonesia dalam Surat                            Establishment was approved by the Minister of
        Keputusan No. C2-6668-HT.01.01Th.83 tanggal                         Justice of the Republic of Indonesia in his
        10 Oktober 1983 dan telah didaftarkan dalam                         Decision Letter No. C2-6668-HT.01.01Th.83
        buku register di Kantor Pengadilan Negeri                           dated October 10, 1983 and has been
        Jakarta Barat berturut-turut No. 1183/1983 Not                      registered in the register book at the West
        dan No. 1184/1983 Not. serta telah diumumkan                        Jakarta District Court Office No. 1183/1983
        dalam TBNRI No. 1102 dari Berita Negara RI                          Not and No. 1184/1983 Not. and has been
        No. 104 tanggal 30 Desember 1983. Anggaran                          announced in TBNRI No. 1102 from the State
        Dasar Perusahaan telah mengalami beberapa                           Gazette of the Republic of Indonesia No. 104
        kali perubahan, terakhir dengan Akta No. 69                         dated December 30, 1983. The Company’s
        tanggal 20 Juli 2022 dari Humberg Lie, SH., SE.,                    Articles of Association have been amended
        M.Kn., notaris di Jakarta, mengenai penyesuaian                     several times, most recently by Deed No. 69
        maksud,     tujuan     serta   kegiatan     usaha                   dated July 20, 2022 from Humberg Lie, SH.,
        Perusahaan sesuai dengan Klasifikasi Baku                           SE., M.Kn., a public notary in Jakarta, in
        Lapangan Usaha Indonesia (KBLI) 2020.                               relation to the adjustment of the Company’s
        Perubahan ini telah mendapat persetujuan dari                       purposes, objectives and business activities in
        Menteri Hukum dan Hak Asasi Manusia Republik                        accordance with the 2020 Indonesian
        Indonesia melalui Surat Keputusan No. AHU-                          Standard Industrial Classification (KBLI). This
        0052678.AH.01.02.Tahun 2022 tanggal 27 Juli                         amendments was approved by the Minister of
        2022.                                                               Law and Human Rights of the Republic of
                                                                            Indonesia in his Decision Letter No. AHU-
                                                                            0052678.AH.01.02.Year 2022 dated July 27,
                                                                            2022.

        Kegiatan usaha yang saat ini dijalankan oleh                        The business activities currently carried out by
        Perusahaan adalah pengembangan dan                                  the Company are the development and
        pengelolaan real estat yang dimiliki sendiri atau                   management of real estate owned or leased.
        disewa. Perusahaan mulai beroperasi secara                          The Company started its commercial
        komersial sejak 1 Oktober 1987. Sedangkan,                          operations on October 1, 1987 with main
        entitas anak menjalankan proyek-proyek                              activities in real estate industry. Meanwhile,
        sebagai berikut:                                                    the subsidiaries have real estate projects as
                                                                            follows:

                 Entitas Anak/The Subsidiaries                  Nama Proyek/Projects                  Lokasi/Location

        Badan Kerjasama Intiland Starlight                               Spazio                          Surabaya
        Badan Kerjasama Mutiara Buana                                    Regatta                          Jakarta
        PT Abadi Citra Lestari                                       Griya Semanan                        Jakarta
        PT Gandaria Prima                                            1Park Avenue                         Jakarta
        PT Gandaria Prima                                             1Park Homes                         Jakarta
        PT Grande Family View                                         Graha Family                       Surabaya
        PT Grande Family View                                         The Rosebay                        Surabaya
        PT Grande Imperial                                             Sumatra 36                        Surabaya




                                                          -6-
Page 319
PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


                Entitas Anak/The Subsidiaries                Nama Proyek/Projects                Lokasi/Location

        PT Inti Gria Palamarta                                Quantum Extension                     Jakarta
        PT Inti Gria Perdana                                      Serenia Hills                     Jakarta
        PT Inti Gria Pramudya                                     South Grove                       Jakarta
        PT Intiland Grande                                       Graha Natura                      Surabaya
        PT Intiland Grande                                       Spazio Tower                      Surabaya
        PT Intiland Grande                                           Tierra                        Surabaya
        PT Intiland Grande                                         Whiz Luxe                       Surabaya
        PT Intiland Grande                                    Plasa Segi Delapan                   Surabaya
        PT Intiland Sejahtera                               Kawasan Industri Ngoro II              Surabaya
        PT Perkasalestari Permai                                   Aeropolis                        Jakarta
        PT Perkebunan dan Industri Segajung                  Batang Industrial Park                 Batang
        PT Primasentosa Ganda                                        Praxis                        Surabaya
        PT Putra Sinar Permaja                                   South Quarter                      Jakarta
        PT Putra Sinar Permaja                                      SQRes                           Jakarta
        PT Raharja Mitra Familia                                 57 Promenade                       Jakarta
        PT Selasih Safar                                      Magnolia Residence                   Tangerang
        PT Sinar Cemerlang Gemilang                                Graha Golf                      Surabaya
        PT Sinar Puspapersada                                    Talaga Bestari                    Tangerang
        PT Taman Harapan Indah                                 Pinang Residence                     Jakarta
        PT Taman Harapan Indah                                  Virya Semanan                       Jakarta
        PT Taman Harapan Indah                                       Breza                          Jakarta
        PT Taman Harapan Indah                                  Sakha Semanan                       Jakarta


       Perusahaan tergabung dalam kelompok usaha                       The Company is one of the companies owned
       Intiland. Perusahaan berdomisili di Jakarta                     by Intiland Group. The Company is domiciled
       dengan kantor pusat beralamat di Intiland Tower,                in Jakarta and its head office is located at
       Penthouse, Jl. Jenderal Sudirman Kav. 32,                       Intiland Tower, Penthouse, Jl. Jenderal
       Jakarta.                                                        Sudirman Kav. 32, Jakarta.

       Perusahaan dan entitas anak selanjutnya                         The Company and its subsidiaries are
       bersama-sama disebut sebagai “Grup”.                            collectively referred to herein as “the Group”.

       Pemegang saham akhir Grup adalah Hendro                         The ultimate shareholder of the Group is
       Santoso Gondokusumo (Almarhum, 2025).                           Hendro Santoso Gondokusumo (Deceased,
                                                                       2025).




                                                      -7-
Page 320
PT INTILAND DEVELOPMENT Tbk                                               PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                       (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                         Otherwise Stated)


   b.   Penawaran Umum         Efek   dan    Obligasi      b.    Public Offering of Shares and Bonds
        Perusahaan

        Penawaran Umum Saham                                     Shares Offering

        Pada tanggal 21 Oktober 1989, Perusahaan                 On October 21, 1989, the Company
        memperoleh Pernyataan Efektif dari Menteri               obtained          Notice       of        Effectivity
        Keuangan Republik Indonesia dengan Surat                 No. S1-064/SHM/MK.10/1989 from the Minister
        Keputusan No. S1-064/SHM/MK.10/1989 untuk                of Finance of the Republic of Indonesia for the
        melakukan penawaran umum atas 6.000.000                  offering of 6,000,000 shares to the public
        saham Perusahaan di Bursa Paralel kepada                 through the parallel stock exchange. These
        masyarakat. Saham-saham tersebut telah                   shares were listed in the parallel stock
        tercatat pada tanggal 15 Januari 1990.                   exchange on January 15, 1990. Based on
        Bersamaan dengan pernyataan tersebut,                    such notification, the Company also listed in
        Perusahaan juga mencatatkan sebanyak                     the parallel stock exchange additional
        6.000.000 saham dari pemegang saham lama                 6,000,000 shares from founding stockholders
        pada Bursa Paralel, sehingga jumlah saham                resulting in listed shares totaling to 12,000,000
        yang dicatatkan menjadi 12.000.000 saham.                shares.

        Pada tanggal 2 Agustus 1991, Perusahaan                  On August 2, 1991, the Company obtained the
        memperoleh Pernyataan Efektif dari Ketua                 Notice of Effectivity No. S-1407/PM/1991 from
        Badan Pengawas Pasar Modal (sekarang                     the Chairman of the Capital Market
        Otoritas Jasa Keuangan-OJK) dengan Surat                 Supervisory Agency (Financial Services
        Keputusan     No.   S-1407/PM/1991  untuk                Authority-OJK) for the offering of 12,000,000
        melakukan penawaran umum atas 12.000.000                 shares to the public. These shares were listed
        saham. Saham-saham tersebut dicatat pada                 in the Indonesia Stock Exchange on
        tanggal 1 September 1991.                                September 1, 1991.

        Pada tanggal 18 Juni 1992, Perusahaan                    On June 18, 1992, the Company obtained
        memperoleh Pernyataan Efektif dari      Ketua            Notice of Effectivity No. S-989/PM/1992
        Bapepam (sekarang Otoritas Jasa Keuangan-                from the Chairman of Bapepam for its
        OJK) No. S-989/PM/1992 perihal pemberitahuan             Rights Issue I of 121,418,000 shares to
        efektifnya Pernyataan Pendaftaran Perusahaan             the stockholders. These shares were
        mengenai penawaran umum terbatas I sebesar               listed in the Indonesia Stock Exchange on
        121.418.000 saham kepada para pemegang                   September 8,1992.
        saham. Saham-saham tersebut dicatat pada
        Bursa Efek Indonesia pada tanggal 8 September
        1992.

        Pada tanggal 6 Juni 1994, Perusahaan                     On June 6, 1994, the Company obtained
        memperoleh pernyataan efektif dari Ketua                 Notice of Effectivity No. S-021/PM/1994 from
        Bapepam (sekarang Otoritas Jasa Keuangan-                the Chairman of Bapepam for its rights issue II
        OJK) dengan surat No. S-021/PM/1994 untuk                of 81,209,000 shares. These shares were
        melakukan penawaran umum terbatas II dengan              listed in the Indonesia Stock Exchange on
        hak memesan efek terlebih dahulu sebesar                 June 20, 1994.
        81.209.000 saham. Saham-saham tersebut
        dicatat pada Bursa Efek Indonesia pada tanggal
        20 Juni 1994.

        Pada tanggal 23 Juli 2007, Perusahaan                    On July 23, 2007, the Company obtained
        memperoleh persetujuan dari Direktur Bursa               the approval from the Director of the Indonesia
        Efek Indonesia untuk pencatatan tambahan                 Stock Exchange for the listing of the additional
        2.183.973.483 saham dengan nilai nominal                 2,183,973,483 shares with nominal value of
        Rp 500 per saham sehubungan dengan konversi              Rp 500 per share in relation to the conversion
        utang tertentu Perusahaan menjadi saham.                 of Company’s certain debts into shares of
                                                                 stock.




                                                     -8-
Page 321
PT INTILAND DEVELOPMENT Tbk                                            PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
31 Desember 2025 dan 2024                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                    (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                      Otherwise Stated)


       Pada tanggal 29 Maret 2010, Perusahaan telah           On March 29, 2010, the Company has
       mendapat pernyataan efektif dari Bapepam - LK          obtained Bapepam - LK’s Notice of Effectivity
       (sekarang        OJK)       dengan        surat        No. S-2807/BL/2010 for its Limited Public
       No. S-2807/BL/2010 atas Penawaran Umum                 Offering III of Rights Issue (HMETD) totaling to
       Terbatas III Kepada Para Pemegang Saham                2,073,170,722 common shares and Warrant
       Dalam Rangka Penerbitan Efek Dengan Hak                Series 1 totaling to 1,036,585,361 warrants
       Memesan Efek Terlebih Dahulu (HMETD)                   which are issued as part of the Rights Issue.
       sejumlah 2.073.170.722 saham biasa dan                 These shares and warrants were listed in the
       sejumlah 1.036.585.361 Waran Seri 1, yang              Indonesia Stock Exchange on April 22, 2010.
       diterbitkan menyertai saham baru tersebut.             Out of these 1,036,585,361 warrants, only 575
       Saham dan waran tersebut dicatat pada Bursa            had been exercised and converted into
       Efek Indonesia pada tanggal 22 April 2010. Dari        shares.      The    remaining 1,036,584,786
       1.036.585.361 waran tersebut, hanya 575 yang           warrants       had     already   expired     on
       telah dieksekusi dan dikonversi menjadi saham.         April 12, 2012.
       Sisanya 1.036.584.786 waran telah kadaluarsa
       pada 12 April 2012.

       Berdasarkan     Keputusan     Rapat     Umum           Based on the Resolution of Extraordinary
       Pemegang Saham Luar Biasa Perusahaan pada              General Meeting of the Stockholders of the
       tanggal 29 Juni 2010, Perusahaan melakukan             Company which was held on June 29, 2010,
       pemecahan nilai nominal saham Perusahaan               the Company conducted stock split wherein
       dari Rp 500 per lembar saham menjadi Rp 250            the par value of its shares was changed
       per lembar saham sehingga modal dasar saham            from Rp 500 per share to Rp 250 per
       Perusahaan       yang     semula     sejumlah          share, thus, the authorized number of shares
       12.000.000.000     lembar    saham    menjadi          of 12,000,000,000 became 24,000,000,000
       24.000.000.000 lembar saham dan jumlah                 shares and the subscribed and paid-up capital
       saham     ditempatkan     dan   disetor   dari         of     5,182,926,805      shares    became
       5.182.926.805     lembar    saham     menjadi          10,365,853,610 shares.
       10.365.853.610 lembar saham.

       Pada tanggal 31 Desember 2025 dan 2024,                As of December 31, 2025 and 2024, all of the
       seluruh saham Perusahaan atau sejumlah                 Company’s outstanding shares totaling to
       10.365.854.185 saham telah tercatat pada Bursa         10,365,854,185 shares are listed in the
       Efek Indonesia.                                        Indonesia Stock Exchange.

       Penawaran Umum Sukuk Ijarah                            Sukuk Ijarah Offering

       Pada tanggal 24 Agustus 2021, Perusahaan               On August 24, 2021, the Company has
       telah mendapat pernyataan efektif dari OJK             obtained OJK’s Notice of Effectivity
       dengan surat No. S-140/D.04/2021 atas                  No. S-140/D.04/2021 for the Public Offering of
       Penawaran Umum Berkelanjutan Sukuk Ijarah              Continuous     Sukuk      Ijarah   I   Intiland
       Berkelanjutan I Intiland Development sebesar           Development amounting to Rp 750 billion. On
       Rp 750 miliar. Pada tanggal yang sama,                 the same date, the Company issued
       Perusahaan      menerbitkan    Sukuk    Ijarah         Continuous     Sukuk      Ijarah   I   Intiland
       Berkelanjutan I Intiland Development Tahap I           Development Phase I Year 2021 amounting to
       Tahun 2021 sebesar Rp 250 miliar. Perusahaan           Rp 250 billion. On September 2, 2021, all of
       mencatatkan seluruh sukuknya pada Bursa Efek           these sukuk were listed in the Indonesia Stock
       Indonesia pada tanggal 2 September 2021. Pada          Exchange. On September 8, 2022, the
       tanggal 8 September 2022, Perusahaan telah             Company had redeemed Sukuk Ijarah Phase
       melunasi Sukuk Ijarah Tahap I Tahun 2021               I Year 2021 amounting to Rp 250 billion.
       sebesar Rp 250 miliar.

       Pada tanggal 25 Agustus 2022, Perusahaan               On August 25, 2022, the Company has issued
       menerbitkan Sukuk Ijarah Berkelanjutan I Intiland      Continuous      Sukuk    Ijarah   I Intiland
       Development Tahap II Tahun 2022 sebesar                Development Phase II Year 2022 amounting
       Rp 250 miliar. Pada tanggal 25 Agustus 2025,           to Rp 250 billion. On August 25, 2025, the
       Perusahaan telah melunasi Sukuk Ijarah                 Company had redeemed Continuous Sukuk
       Berkelanjutan I Intiland Development Tahap II          Ijarah I Intiland Development Phase II Year
       Tahun 2022 sebesar Rp 250 miliar.                      2022 amounting to Rp 250 billion.


                                                       -9-
Page 322
PT INTILAND DEVELOPMENT Tbk                                                                                           PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                   (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                     Otherwise Stated)


        Pada tanggal 2 Desember 2022, Perusahaan                                                              On December 2, 2022, the Company has
        menerbitkan Sukuk Ijarah Berkelanjutan I Intiland                                                     issued Continuous Sukuk Ijarah I Intiland
        Development Tahap III Tahun 2022 terdiri dari                                                         Development Phase III Year 2022 consisting
        Seri A sebesar Rp 125 miliar dan Seri B sebesar                                                       of Series A amounting to Rp 125 billion and
        Rp 125 miliar. Pada tanggal 2 Desember 2024,                                                          Series B amounting to Rp 125 billion. On
        Perusahaan telah melunasi Sukuk Ijarah                                                                December 2, 2024, the Company had
        Berkelanjutan I Intiland Development Tahap III                                                        redeemed Continuous Sukuk Ijarah I Intiland
        Tahun 2022 Seri A sebesar Rp 125 miliar. Pada                                                         Development Phase III Year 2022 Series A
        tanggal 2 Desember 2025, Perusahaan telah                                                             amounting to Rp 125 billion. On December 2,
        melunasi Sukuk Ijarah Berkelanjutan I Intiland                                                        2025, the Company had redeemed
        Development Tahap III Tahun 2022 Seri B                                                               Continuous    Sukuk      Ijarah  I   Intiland
        sebesar Rp 125 miliar.                                                                                Development Phase III Year 2022 Series B
                                                                                                              amounting to Rp 125 billion.

        Pada tanggal 31 Desember 2024, seluruh sukuk                                                          As of December 31, 2024, all of the
        ijarah Perusahaan sebesar Rp 375 miliar telah                                                         Company’s sukuk ijarah with total nominal
        tercatat di Bursa Efek Indonesia.                                                                     value of Rp 375 billion are listed in the
                                                                                                              Indonesia Stock Exchange.

   c.   Entitas anak yang Dikonsolidasikan                                                             c.     Consolidated Subsidiaries

        Pada tanggal 31 Desember 2025 dan 2024,                                                               As of December 31, 2025 and 2024, the
        entitas anak yang dikonsolidasikan termasuk                                                           subsidiaries which were consolidated,
        persentase kepemilikan Perusahaan adalah                                                              including the respective percentages of
        sebagai berikut:                                                                                      ownership held by the Company, are as
                                                                                                              follows:

                                                                                                                                                          Jumlah Aset 31 Desember
                                                                                                         Tahun Operasi        Persentase Pemilikan           (Sebelum Eliminasi)/
                                                                                                            Komersial/           dan Hak Suara/        Total Assets as of December 31,
                        Entitas Anak/                 Domisili/              Jenis Usaha/              Start of Commercial   Percentage of Ownership          (Before Elimination)
                         Subsidiary                   Domicile            Nature of Business               Operations          2025          2024          2025                 2024
                                                                                                                                %              %         '000'000             '000'000
        PT Taman Harapan Indah (THI)                   Jakarta    Real estat/Real estate                      1978            100,00        100,00         4.164.950          4.675.879
           - PT Mutiara Raga Indah                     Jakarta    Pusat kebugaran/Fitness center              1990            100,00        100,00             3.390              3.909
           - PT Sinar Puspa Persada (SPP)             Tangerang   Real estat/Real estate                      1997            100,00        100,00           573.700            592.374
           - PT Wirasejati Binapersada (WB)            Jakarta    Real estat/Real estate                        -             100,00        100,00           324.638            324.733
           - PT Putra Sinar Permaja (PSP)              Jakarta    Real estat/Real estate                      2014             51,00         51,00         1.973.221          1.951.829
           - PT Abadi Citra Lestari (ACL)              Jakarta    Real estat/Real estate                      2015            100,00        100,00             3.344              6.061
           - PT Intisarana Ekaraya (ISER)              Jakarta    Sub Holding                                   -             100,00        100,00           345.481            378.697
               - PT Gandaria Permai                    Jakarta    Real estat/Real estate                      2011            100,00        100,00            37.208             38.388
               - PT Gandaria Prima (GP)                Jakarta    Real estat/Real estate                      2013            100,00        100,00           286.012            307.502
               - PT Gandaria Mulia                     Jakarta    Real estat/Real estate                        -             100,00        100,00             4.746              4.746
               - PT Gandaria Sakti                     Jakarta    Real estat/Real estate                        -             100,00        100,00             4.018              4.002
           - PT Perkasalestari Utama (PLU)             Jakarta    Real estat/Real estate                      2008            100,00        100,00           691.995          1.112.799
               - PT Perkasalestari Permai (PLP)        Jakarta    Real estat/Real estate                      2013            100,00        100,00           804.569            825.037
           - PT Selasih Safar (SS)                     Jakarta    Real estat/Real estate                      1974            52,50         52,50             56.175             78.779
           - PT Vida Irvetta Peninsula                 Jakarta    Real estat/Real estate                      2023            100,00        100,00           226.002            222.725
        PT Intiland Grande (IG)                       Surabaya    Real estat/Real estate                      1974            100,00        100,00         4.397.051          4.232.268
           - PT Intiland Sejahtera (IS)               Surabaya    Kawasan Industri/Industrial Estate          1988            100,00        100,00           830.449            940.260
               - PT Kawasan Industri Intiland (KII)   Surabaya    Kawasan Industri/Industrial Estate          1993            100,00        100,00            83.735             58.806
               - PT Kawasan Ploso (KP)                Surabaya    Real estat/Real estate                        -             100,00        100,00           102.213            138.511
               - PT Kawasan Jombang (KJ)              Surabaya    Real estat/Real estate                        -             100,00        100,00           158.337            86.542
               - PT Jateng Industri Intiland (JII)    Surabaya    Kawasan Industri/Industrial Estate          2021            100,00        100,00            59.955            198.887
                  - PT Perkebunan dan Industri
                     Segajung (Segajung)               Batang     Kawasan Industri/Industrial Estate          2021            100,00        100,00           273.689            333.197
                                                                  Makanan dan masakan olahan/
           - PT Graha Inti Boga (GIB)                 Surabaya    Food and refined cuisine                    2017            100,00        100,00             1.597              1.906
           - PT Prima Sentosa Ganda (PSG)             Surabaya    Real estat/Real estate                      2014            100,00        100,00           715.094            713.203
           - PT Grande Family View (GFV)              Surabaya    Real estat/Real estate                      1993            75,00         75,00            304.673            253.113
           - PT Grande Imperial (GIM)                 Surabaya    Real estat/Real estate                      2013            100,00        100,00            81.646             82.283
           - PT Kinerja Lancar Serasi (KLS)           Surabaya    Real estat/Real estate                        -             100,00        100,00           269.921            269.951
           - PT Sinar Cemerlang Gemilang (SCG)        Surabaya    Real estat/Real estate                      2015            100,00        100,00           233.623            233.079
           - PT Purisentosa Unggul (PSU)              Surabaya    Real estat/Real estate                        -             100,00        100,00             5.085              5.102
           - Badan Kerjasama Intiland Starlight
              (BKIS)                                  Surabaya    Persewaan kantor/Office space               2010            75,00         75,00             58.637             32.466
           - PT Usaha Guna Kelola                     Surabaya    Hotel/Hospitality                             -             100,00        100,00            22.425             22.442
           - PT Buana Bejana                          Surabaya    Real estat/Real estate                        -             100,00        100,00               119                159




                                                                                  - 10 -
Page 323
PT INTILAND DEVELOPMENT Tbk                                                                                         PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                 (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                   Otherwise Stated)


                                                                                                                                                           Jumlah Aset 31 Desember
                                                                                                        Tahun Operasi        Persentase Pemilikan             (Sebelum Eliminasi)/
                                                                                                           Komersial/           dan Hak Suara/          Total Assets as of December 31,
                       Entitas Anak/               Domisili/                Jenis Usaha/              Start of Commercial   Percentage of Ownership            (Before Elimination)
                        Subsidiary                 Domicile              Nature of Business               Operations          2025          2024            2025                 2024
                                                                                                                               %              %           '000'000             '000'000
        PT Intiland Esperto (IE)                    Jakarta       Real estat/Real estate                     2008            100,00        100,00              87.021            102.117
           - PT Inti Gria Perdana (IG Perdana)      Jakarta       Real estat/Real estate                     2011            100,00        100,00             116.990            162.385
           - PT Inti Gria Perkasa                   Jakarta       Real estat/Real estate                     2011            100,00        100,00                 832              1.558
           - PT Inti Gria Perwira                   Jakarta       Real estat/Real estate                     2012            100,00        100,00              47.300             48.152
           - PT Inti Gria Pramudya (IG Pramudya)    Jakarta       Real estat/Real estate                       -             100,00        100,00              11.114             59.835
           - PT Inti Gria Palamarta                 Jakarta       Real estat/Real estate                     2022            100,00        100,00              10.970             18.386
        PT Melati Anugerah Semesta (MAS)           Surabaya       Real estat/Real estate                       -             49,31         49,31              131.949           132.054
        PT Melati Wahana Nusantara (MWN)            Jakarta       Real estat/Real estate                       -             100,00        100,00              36.559             36.697
        PT Melati Impian Bangsa (MIB)               Jakarta       Real estat/Real estate                       -             100,00        100,00              13.340             13.442
                                                                  Infrastruktur Telekomunikasi/
        PT Intiland Alfa Rendita (IAR)             Jakarta        Telecommunications infrastructure          2015            100,00        100,00              16.139             13.712
                                                                  Infrastruktur Telekomunikasi
           - PT Inti Algoritma Perdana (IAP)       Jakarta        Telecommunications infrastructure          2015            100,00        100,00              18.824             19.567
        PT Raharja Mitra Familia (RMF)             Jakarta        Real estat/Real estate                     2017            36,63         36,63              378.006            459.831
        PT Inti Gria Persada (IG Persada)          Jakarta        Real estat/Real estate                       -             55,00         55,00               99.332             99.978
        PT Inti Pramana Vista                      Jakarta        Real estat/Real estate                     2025            100,00          -                    154                  -


       Informasi keuangan entitas anak yang dimiliki                                                        Financial information of subsidiaries that have
       oleh kepentingan nonpengendali dalam jumlah                                                          material non-controlling interests as of and for
       material pada tanggal dan untuk tahun-tahun                                                          the years ended December 31, 2025 and 2024
       yang berakhir 31 Desember 2025 dan 2024                                                              follows:
       adalah sebagai berikut:

                                                                               2025
                                                               Kepentingan Nonpengendali yang material/
                                                                      Material Non-controlling Interest
                                                                                                                                                        Ekuitas pada
                                                                                                                                                      Penghasilan (Rugi)
                                                                        Bagian Kepentingan                                                           Komprehensif/
                      Nama Anak Perusahaan/                                Kepemilikan/                        Saldo Akumulasi/                 Share in Comprehensive
                         Name of Subsidiary                             Equity Interest Held              Accumulated Balances                         Income (Loss)
                                                                                  %


      PSP                                                                         49,00                             857.765.655.111                            45.632.346.061
      RMF                                                                         63,37                             151.053.330.390                               281.491.063
      MAS                                                                         50,69                              62.457.086.370                            (1.893.472.300)
      IG Persada                                                                  45,00                              34.120.632.074                              (297.051.675)
      SS                                                                          47,50                              24.754.734.143                            (2.649.929.769)
      GFV                                                                         25,00                               6.845.449.621                            71.380.244.882
      BKIS                                                                        25,00                                5.763.461.100                            2.701.744.661




                                                                                  - 11 -
Page 324
PT INTILAND DEVELOPMENT Tbk                                                                                          PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                               AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                   For the Years Ended
31 Desember 2025 dan 2024                                                                                                 December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                  (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                    Otherwise Stated)


                                                                                2024
                                                             Kepentingan Nonpengendali yang m aterial/
                                                                   Material Non-controlling Interest
                                                                                                                                                       Ekuitas pada
                                                                                                                                                   Penghasilan (Rugi)
                                                                      Bagian Kepentingan                                                             Komprehensif/
                       Nama Anak Perusahaan/                             Kepemilikan/                         Saldo Akumulasi/                  Share in Comprehensive
                         Name of Subsidiary                           Equity Interest Held                 Accumulated Balances                      Income (Loss)
                                                                                %

       PSP                                                                        49,00                          836.633.309.050                            68.504.917.972
       RMF                                                                        63,37                          188.795.475.690                             7.770.944.035
       MAS                                                                        50,69                           64.350.558.670                            (1.665.683.453)
       SS                                                                         47,50                           36.451.038.912                             5.021.935.592
       IG Persada                                                                 45,00                           34.417.683.749                               (31.388.749)
       GFV                                                                        25,00                            8.598.538.072                             9.554.719.901
       BKIS                                                                       25,00                            3.061.716.439                               299.454.670



       Berikut adalah ringkasan informasi keuangan                                                           The summarized financial information of these
       dari entitas anak. Jumlah-jumlah tersebut                                                             subsidiaries is provided below. This
       sebelum dieliminasi dengan transaksi antar                                                            information is based on amounts before inter-
       entitas dalam Grup.                                                                                   company eliminations.

       Ringkasan laporan posisi keuangan                                   pada                              Summarized statements of financial position
       tanggal 31 Desember 2025 dan 2024:                                                                    as of December 31, 2025 and 2024 follows:

                                                                                                                2025

                                                    PSP                RMF                  MAS               IG Persada          SS                  GFV              BKIS


        Aset lancar/Current assets               618.827.921.558    333.138.688.267        4.846.609.183       9.134.923.749   52.349.166.938      208.374.570.132    3.601.328.255
        Aset tidak lancar/Noncurrent
           assets                               1.354.393.151.610    44.867.096.633    127.102.088.904        90.196.711.949    3.826.160.358       96.298.577.071   55.035.198.509

        Jumlah aset/Total assets                1.973.221.073.168   378.005.784.900    131.948.698.087        99.331.635.698   56.175.327.296      304.673.147.203   58.636.526.764


        Liabilitas jangka pendek/
           Current liabilities                   160.043.979.887    125.061.527.552       13.677.054.835      23.408.205.128   17.407.715.301      148.622.370.877    5.926.988.269
        Liabilitas jangka panjang/
           Noncurrent liabilities                 62.634.441.558     12.282.069.358        4.420.346.340          99.803.740    1.031.840.579      128.668.977.848   29.655.694.136

        Jumlah Liabilitas/Total Liabilities      222.678.421.445    137.343.596.910       18.097.401.175      23.508.008.868   18.439.555.880      277.291.348.725   35.582.682.405

        Jumlah Ekuitas/
           Total Equity                         1.750.542.651.723   240.662.187.990    113.851.296.912        75.823.626.830   37.735.771.416       27.381.798.478   23.053.844.359


        Teratribusikan pada/Attributable to :
           Pemilik entitas induk/
                Owners of parent company         892.776.996.612     89.608.857.600       51.394.210.542      41.702.994.756   12.981.037.273       20.536.348.857   17.290.383.259
           Kepentingan nonpengendali/
              Non-controlling interest           857.765.655.111    151.053.330.390       62.457.086.370      34.120.632.074   24.754.734.143        6.845.449.621    5.763.461.100




                                                                                  - 12 -
Page 325
PT INTILAND DEVELOPMENT Tbk                                                                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                             For the Years Ended
31 Desember 2025 dan 2024                                                                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                              Otherwise Stated)


                                                                                                                      2024

                                                  PSP                    RMF                    MAS                 IG Persada                 SS                    GFV                   BKIS


      Aset lancar/Current assets               582.266.752.186        413.804.325.682          4.951.632.836         9.808.718.198          42.785.318.801        159.374.856.761         5.702.419.511
      Aset tidak lancar/Noncurrent
         assets                               1.369.562.667.287        46.026.886.661        127.102.088.904        90.169.122.205          35.994.089.694         93.738.578.656        26.763.625.423

      Jumlah aset/Total assets                1.951.829.419.473       459.831.212.343        132.053.721.740        99.977.840.403          78.779.408.495        253.113.435.417        32.466.044.934


      Liabilitas jangka pendek/
         Current liabilities                   180.443.965.824        155.551.879.347         14.467.352.944            15.495.000          15.528.902.004        115.991.123.037        15.624.863.327
      Liabilitas jangka panjang/
         Noncurrent liabilities                 63.970.077.561          4.061.341.816                       -       23.478.603.740            890.935.571         102.728.160.095         4.594.315.887

      Jumlah Liabilitas/Total Liabilities      244.414.043.385        159.613.221.163         14.467.352.944        23.494.098.740          16.419.837.575        218.719.283.132        20.219.179.214

      Jumlah Ekuitas/
         Total Equity                         1.707.415.376.088       300.217.991.180        117.586.368.796        76.483.741.663          62.359.570.920         34.394.152.285        12.246.865.720


      Teratribusikan pada/Attributable to :
         Pemilik entitas induk/
              Owners of parent company         870.782.067.038        111.422.515.490         53.235.810.126        42.066.057.914          25.908.532.008         25.795.614.213         9.185.149.281
         Kepentingan nonpengendali/
            Non-controlling interest           836.633.309.050        188.795.475.690         64.350.558.670        34.417.683.749          36.451.038.912          8.598.538.072         3.061.716.439




        Ringkasan laporan laba rugi dan penghasilan                                                                    Summarized statements of profit or loss and
        komprehensif lain pada tahun 2025 dan 2024:                                                                    other comprehensive income for 2025 and
                                                                                                                       2024 follows:

                                                                                                                         2025


                                                     PSP                     RMF                      MAS              IG Persada                   SS                     GFV                     BKIS

      Pendapatan/Revenue                         346.442.964.931           80.300.760.383                       -                      -        10.467.920.709        477.658.798.853          21.477.041.695

      Laba (rugi) setelah pajak/
         Profit (loss) after tax                  92.564.065.064               255.734.590        (3.735.071.884)        (660.114.833)          (5.595.461.832)       283.797.926.582          10.695.240.238
      Penghasilan komprehensif lain/
          Other comprehensive income                 563.210.567               188.462.221                      -                      -             16.662.319          1.723.052.945             111.738.401
      Jumlah penghasilan (rugi)
         komprehensif/
         Total comprehensive income (loss)        93.127.275.631               444.196.811        (3.735.071.884)        (660.114.833)          (5.578.799.513)       285.520.979.527          10.806.978.639


      Teratribusikan pada kepentingan
          non pengendali/
          Attributable to non-controlling
          interest                                45.632.346.061               281.491.063        (1.893.472.300)        (297.051.675)          (2.649.929.769)         71.380.244.882            2.701.744.661


                                                                                                                         2024

                                                     PSP                     RMF                      MAS              IG Persada                   SS                     GFV                     BKIS

      Pendapatan/Revenue                         480.334.265.551           58.987.988.375                       -                      -        46.088.032.122        165.554.578.912             7.307.202.806

      Laba (rugi) setelah pajak/
         Profit (loss) after tax                 139.809.778.931           12.197.869.898         (3.285.734.591)            (69.752.776)       10.465.130.717          36.931.014.018            1.369.213.441
      Penghasilan (rugi) komprehensif lain/
          Other comprehensive income (loss)             (3.765.683)             64.787.794                      -                      -            107.365.267          1.287.865.587             (171.394.764)
      Jumlah penghasilan (rugi)
         komprehensif/
         Total comprehensive income (loss)       139.806.013.248           12.262.657.692         (3.285.734.591)            (69.752.776)       10.572.495.984          38.218.879.605            1.197.818.677


      Teratribusikan pada kepentingan
         non pengendali/
          Attributable to non-controlling
          interest                                68.504.917.972            7.770.944.035         (1.665.683.453)            (31.388.749)        5.021.935.592           9.554.719.901             299.454.670




                                                                                         - 13 -
Page 326
PT INTILAND DEVELOPMENT Tbk                                                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                           For the Years Ended
31 Desember 2025 dan 2024                                                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                            Otherwise Stated)


        Ringkasan informasi arus kas pada tahun 2025                                                 Summarized cash flow information for 2025
        dan 2024:                                                                                    and 2024 follows:

                                                                                                     2025


                                          PSP                 RMF                 MAS            IG Persada              SS               GFV                BKIS


      Operasi/Operating               153.413.118.606      (15.629.314.482)    (3.818.023.904)   22.693.104.301      (2.306.565.274)   25.202.570.894      9.575.985.255
      Investasi/Investing              (12.144.455.385)     (1.256.011.514)       98.694.008          12.032.603     13.648.858.616        (88.868.493)     8.482.972.004
      Pendanaan/Financing             (130.033.000.000)   (120.000.000.000)    3.626.090.794     (23.378.800.000)   (19.045.000.000)   (54.999.375.000)   (17.879.654.119)
      Kenaikan (penurunan) bersih
         kas dan setara kas/
         Net increase (decrease) in
         cash and cash equivalents     11.235.663.221     (136.885.325.996)       (93.239.102)     (673.663.096)     (7.702.706.658)   (29.885.672.599)      179.303.140


                                                                                                     2024


                                          PSP                  RMF                MAS            IG Persada              SS               GFV                BKIS


      Operasi/Operating               153.413.118.606      (15.629.314.482)    (3.514.352.384)   (53.960.477.580)     5.128.870.470    25.202.570.894       9.575.985.255
      Investasi/Investing              (12.144.455.385)     (1.256.011.514)         1.484.812        16.974.356       5.546.054.725        (88.868.493)     8.482.972.004
      Pendanaan/Financing             (130.033.000.000)   (120.000.000.000)     3.689.207.662    53.840.000.000     (17.126.590.590)   (54.999.375.000)   (17.879.654.119)
      Kenaikan (penurunan) bersih
         kas dan setara kas/
         Net increase (decrease) in
         cash and cash equivalents     11.235.663.221     (136.885.325.996)      176.340.090        (103.503.224)    (6.451.665.395)   (29.885.672.599)      179.303.140




        Pendirian Entitas Anak                                                                       Establishment of Subsidiary

        Berdasarkan Akta Pendirian No. 58 tanggal                                                    Based on Deed of Establishment No. 58 dated
        24 September 2025 dari Humberg Lie, SH, SE,                                                  September 24, 2025 of Humberg Lie, SH, SE,
        MKn, notaris di Jakarta, Perusahaan dan THI,                                                 MKn, a public notary in Jakarta, the Company
        entitas anak, menempatkan modal disetor di                                                   and THI, a subsidiary, placed paid-up capital
        PT Inti Pramana Vista masing-masing sebesar                                                  in PT Inti Pramana Vista amounting to
        Rp 49.000.000 dan Rp 1.000.000 atau masing-                                                  Rp     49,000,000     and    Rp     1,000,000,
        masing mencerminkan 49 dan 1 saham dengan                                                    respectively, or representing 49 and 1 share,
        nilai nominal sebesar Rp 1.000.000 per saham.                                                respectively,    with   nominal     value   of
        Akta pendirian ini telah disahkan oleh Menteri                                               Rp 1,000,000 per share. The Deed of
        Hukum Republik Indonesia berdasarkan Surat                                                   Establishment was approved by the Minister of
        Keputusan No. AHU-0082848.AH.01.01.Tahun                                                     Justice of the Republic of Indonesia in his
        2025 tanggal 26 September 2025.                                                              Decision         Letter       No.        AHU-
                                                                                                     0082848.AH.01.01.Year         2025       dated
                                                                                                     September 26, 2025.

        Pelepasan Entitas Anak                                                                       Disposal of Subsidiary

        PT Dinamika Kencana Mandiri                                                                  PT Dinamika Kencana Mandiri

        Berdasarkan Akta No. 07 tanggal 29 April 2024                                                Based on the Deed No. 07 dated April 29,
        dari Melanie Sidharta, S.H., M.Kn., notaris di                                               2024 of Melanie Sidharta, S.H., M.Kn., notary
        Jakarta, THI, entitas anak, menjual 72.499                                                   in Jakarta, THI, a subsidiary, sold 72,499
        lembar    saham      atau     99,99%   saham                                                 shares of stock or 99.99% ownership interest
        kepemilikannya di PT Dinamika Kencana                                                        in PT Dinamika Kencana Mandiri, a
        Mandiri, entitas anak, kepada PT Inti Perkasa                                                subsidiary, to PT Inti Perkasa Mandiri, third
        Mandiri,    pihak     ketiga,    pada   harga                                                party, at a price of Rp 7,249,900,000.
        Rp 7.249.900.000.

        Berdasarkan Akta No. 07 tanggal 29 April 2024                                                Based on the Deed No. 07 dated April 29,
        dari Melanie Sidharta, S.H., M.Kn., notaris di                                               2024 of Melanie Sidharta, S.H., M.Kn., notary
        Jakarta, IE, entitas anak, menjual 1 lembar                                                  in Jakarta, IE, a subsidiary, sold 1 share of
        saham atau 0,01% saham kepemilikannya di                                                     stock or 0.01% ownership interest in
        PT Dinamika Kencana Mandiri, entitas anak,                                                   PT Dinamika Kencana Mandiri, a subsidiary,
        kepada Gatot Wicaksono, pihak ketiga, pada                                                   to Gatot Wicaksono, third party, at a price of
        harga Rp 100.000.                                                                            Rp 100,000.


                                                                              - 14 -
Page 327
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


        Perubahan Kepemilikan pada Entitas Anak                      Change     in     Ownership       Interest    in
                                                                     Subsidiaries

        PT Melati Anugerah Semesta (MAS)                             PT Melati Anugerah Semesta (MAS)

        Berdasarkan Akta Jual Beli Saham No. 436                     Based on the Deed of Sale and Purchase of
        tanggal 28 November 2024, dari Jimmy Tanal,                  Shares No. 436 dated November 28, 2024 of
        S.H., M.Kn., notaris di Jakarta, para pemegang               Jimmy Tanal, S.H., M.Kn., a notary in Jakarta,
        saham MAS, entitas anak, menyetujui penjualan                the shareholders of MAS, a subsidiary,
        3.600 saham milik Perusahaan kepada PT Sucor                 approved the sale of 3,600 shares owned by
        Investama, pihak ketiga, dengan harga                        the Company to PT Sucor Investama, a third
        Rp 100.800.000.000. Transaksi ini menurunkan                 party,     at    a    purchase       price     of
        persentase kepemilikan Perusahaan dalam MAS                  Rp 100,800,000,000. This             transaction
        dari 55,00% menjadi 49,31%. Penurunan                        decreased the ownership interest of the
        kepemilikan       saham       tersebut    tidak              Company in MAS from 55.00% to 49.31%.
        mengakibatkan hilangnya pengendalian. Atas                   Such decrease in ownership interest did not
        transaksi ini, Perusahaan mencatat keuntungan                result to loss of control. For this transaction,
        penjualan sebesar Rp 89.176.204.401 yang                     the Company recognized gain from sale of
        dicatat sebagai “Selisih Transaksi dengan                    interest in a subsidiary amounting to
        Kepentingan Nonpengendali” di ekuitas.                       Rp 89,176,204,401 which was recorded as a
                                                                     “Difference in Value Arising from Transactions
                                                                     with Noncontrolling Interests” in equity.

   d.   Dewan Komisaris, Direksi dan Karyawan                  d.    Board of Commissioners, Directors and
                                                                     Employees

        Susunan manajemen Perusahaan pada tanggal                    The members of the management as of
        31 Desember 2025 berdasarkan Akta No. 68                     December 31, 2025 based on Deed No. 68
        tanggal 28 Mei 2025 dari Humberg Lie, SH., SE.,              dated May 28, 2025 from Humberg Lie, SH.,
        MKn., notaris publik di Jakarta, adalah sebagai              SE., MKn., a public notary in Jakarta, follows:
        berikut:

        Dewan Komisaris                                                           Board of Commissioners
        Komisaris Utama                 Sofyan A. Djalil*)                        President Commissioner
        Wakil Komisaris Utama           Sinarto Dharmawan                         Vice President Commissioner
        Komisaris Independen            Friso Palilingan                          Independent Commissioners
                                        Alexander S. Rusli

        Direksi                                                                   Directors
        Direktur Utama                  Archied Noto Pradono                      President Director
        Wakil Direktur Utama            Utama Gondokusumo                         Vice President Directors
        Direktur                        Novita Anggriani B                        Directors
                                        Simon Joseph Wirawan

        *) Komisaris Independen/Independent Commissioner




                                                     - 15 -
Page 328
PT INTILAND DEVELOPMENT Tbk                                                PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                        (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                          Otherwise Stated)


       Susunan manajemen Perusahaan pada tanggal                  The members of the management as of
       31 Desember 2024 berdasarkan Akta No. 50                   December 31, 2024 based on Deed No. 50
       tanggal 30 Mei 2024 dari Humberg Lie, SH., SE.,            dated May 30, 2024 from Humberg Lie, SH.,
       MKn., notaris publik di Jakarta, adalah sebagai            SE., MKn., a public notary in Jakarta, follows:
       berikut:

        Dewan Komisaris                                                       Board of Commissioners
        Komisaris Utama                Sinarto Dharmawan                      President Commissioner
        Wakil Komisaris Utama          Sofyan A. Djalil*)                     Vice President Commissioner
        Komisaris                      Jahja Asikin                           Commissioners
                                       Ping Handayani Hanli
        Komisaris Independen           Thio Gwan Po Micky                     Independent Commissioners
                                       Friso Palilingan
        Direksi                                                               Directors
        Direktur Utama                 Hendro Santoso Gondokusumo**)          President Director
        Wakil Direktur Utama           Utama Gondokusumo***)                  Vice President Directors
                                       Suhendro Prabowo
        Direktur                       Perry Yoranouw                         Directors
                                       Novita Anggriani B
                                       Archied Noto Pradono
                                       Permadi Indra Yoga

       *) Komisaris Independen/Independent Commissioner
       **) Pada tanggal 13 Maret 2025 Hendro Santoso Gondokusumo telah meninggal dunia/
           On March 13, 2025, Hendro Santoso Gondokusumo passed away.
       ***) Dewan komisaris memutuskan untuk menetapkan Utama Gondokusumo sebagai Pelaksana Tugas (Plt.)
           Direktur Utama Perusahaan sampai dengan terselenggaranya RUPS Tahunan/
           The Board of Commissioners decided to appoint Utama Gondokusumo as the Acting President Director of
           the Company until the convening of the Annual General Meeting of Shareholders.

       Sekretaris Perusahaan untuk tahun 2025 dan                 The Company’s corporate secretary for 2025
       2024 dijabat oleh Theresia Rustandi.                       and 2024 is Theresia Rustandi.

       Pada tanggal 31 Desember 2025, susunan                     As of December 31, 2025, the composition of
       Komite Audit Perusahaan berdasarkan Surat                  the Audit Committee of the Company based
       Keputusan Dewan Komisaris adalah sebagai                   on the Decision of the Decree of the Board of
       berikut:                                                   Commissioners follows:

        Komite Audit:                                                         Audit Committee:
        Ketua Komite Audit             Alexander S. Rusli                     Head of Audit Committee
        Anggota Komite Audit           Fransiscus Alip                        Members of Audit Committee
                                       Atik Susanto

       Pada tanggal 31 Desember 2024, susunan                     As of December 31, 2024, the composition of
       Komite Audit Perusahaan berdasarkan Surat                  the Audit Committee of the Company based
       Keputusan Dewan Komisaris adalah sebagai                   on the Decision Decree of the Board of
       berikut:                                                   Commissioners follows:

        Komite Audit:                                                         Audit Committee:
        Ketua Komite Audit             Friso Palilingan                       Head of Audit Committee
        Anggota Komite Audit           Fransiscus Alip                        Members of Audit Committee
                                       Atik Susanto

       Personel manajemen kunci Grup terdiri dari                 The key management personnel of the Group
       Komisaris dan Direksi.                                     consists of Commissioners and Directors.




                                                     - 16 -
Page 329
PT INTILAND DEVELOPMENT Tbk                                                           PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                   (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                     Otherwise Stated)


          Jumlah rata-rata karyawan Perusahaan (tidak                        The Company had an average total number of
          diaudit) adalah 72 karyawan tahun 2025 dan 77                      employees (unaudited) of 72 in 2025 and 77 in
          karyawan tahun 2024. Jumlah rata-rata                              2024. Total average number of employees of
          karyawan Grup (tidak diaudit) adalah 1.163                         the Group (unaudited) is 1,163 in 2025 and
          karyawan tahun 2025 dan 1.224 karyawan tahun                       1,224 in 2024.
          2024.

     e.   Penyelesaian         Laporan         Keuangan                e.    Completion of the Consolidated Financial
          Konsolidasian                                                      Statements

          Laporan keuangan konsolidasian PT Intiland                         The consolidated financial statements of
          Development Tbk dan entitas anak untuk                             PT Intiland Development Tbk and its
          tahun yang berakhir 31 Desember 2025                               subsidiaries     for    the   year    ended
          telah diselesaikan dan diotorisasi untuk terbit                    December 31, 2025 were completed and
          oleh Direksi Perusahaan pada tanggal                               authorized for issuance on March 25, 2026 by
          25 Maret 2026. Direksi Perusahaan bertanggung                      the Company’s Directors who are responsible
          jawab atas penyusunan dan penyajian laporan                        for the preparation and presentation of the
          keuangan konsolidasian tersebut.                                   consolidated financial statements.


2.   Informasi Kebijakan Akuntansi Material                       2.   Material Accounting Policy Information

     a.   Dasar Penyusunan dan Pengukuran Laporan                      a.    Basis    of    Consolidated    Financial
          Keuangan Konsolidasian                                             Statements Preparation and Measurement

          Laporan keuangan konsolidasian disusun dan                         The consolidated financial statements have
          disajikan dengan menggunakan Standar                               been prepared and presented in accordance
          Akuntansi Keuangan di Indonesia, meliputi                          with   Indonesian     Financial    Accounting
          pernyataan dan interpretasi yang diterbitkan oleh                  Standards (“SAK”), which comprise the
          Dewan Standar Akuntansi Keuangan Ikatan                            statements and interpretations issued by the
          Akuntan Indonesia (IAI) dan Peraturan OJK                          Board of Financial Accounting Standards of
          No.     VIII.G.7  tentang     “Penyajian     dan                   the Institute of Indonesia Chartered
          Pengungkapan Laporan Keuangan Emiten atau                          Accountants (IAI) and OJK Regulation
          Perusahaan Publik”.                                                No. VIII.G.7 regarding “Presentation and
                                                                             Disclosures of Public Companies’ Financial
                                                                             Statements”. Such consolidated financial
                                                                             statements are an English translation of the
                                                                             Group’s statutory report in Indonesia.

          Dasar     pengukuran    laporan     keuangan                       The measurement basis used is the historical
          konsolidasian ini adalah konsep biaya                              cost, except for certain accounts which are
          perolehan, kecuali beberapa akun tertentu                          measured on the bases described in the
          disusun     berdasarkan   pengukuran       lain                    related accounting policies. The consolidated
          sebagaimana diuraikan dalam kebijakan                              financial statements, except for the
          akuntansi masing-masing akun tersebut.                             consolidated statements of cash flows, are
          Laporan keuangan konsolidasian ini disusun                         prepared under the accrual basis of
          dengan metode akrual, kecuali laporan arus kas                     accounting.
          konsolidasian.

          Laporan arus kas konsolidasian disusun dengan                      The consolidated statements of cash flows are
          menggunakan metode langsung dengan                                 prepared using the direct method with
          mengelompokkan arus kas dalam aktivitas                            classifications of cash flows into operating,
          operasi, investasi dan pendanaan.                                  investing and financing activities.




                                                         - 17 -
Page 330
PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


        Kebijakan akuntansi yang diterapkan dalam                      The accounting policies adopted in the
        penyusunan laporan keuangan konsolidasian                      preparation of the consolidated financial
        untuk tahun yang berakhir 31 Desember 2025                     statements      for   the      year     ended
        adalah konsisten dengan kebijakan akuntansi                    December 31, 2025 are consistent with those
        yang diterapkan dalam penyusunan laporan                       adopted in the preparation of the consolidated
        keuangan konsolidasian untuk tahun yang                        financial statements for the year ended
        berakhir 31 Desember 2024.                                     December 31, 2024.

        Mata uang yang digunakan dalam penyusunan                      The currency used in the preparation and
        dan penyajian laporan keuangan konsolidasian                   presentation of the consolidated financial
        adalah mata uang Rupiah (Rupiah) yang juga                     statements is the Indonesian Rupiah (Rupiah)
        merupakan mata uang fungsional Perusahaan.                     which is also the functional currency of the
                                                                       Company.

   b.   Prinsip Konsolidasi                                      b.    Basis of Consolidation

        Laporan keuangan konsolidasian meliputi                        The consolidated financial statements
        laporan keuangan Perusahaan dan entitas-                       incorporate the financial statements of the
        entitas yang dikendalikan oleh Perusahaan dan                  Company and entities controlled by the
        entitas anak (Grup). Pengendalian diperoleh                    Company and its subsidiaries (the Group).
        apabila Grup memiliki seluruh hal berikut ini:                 Control is achieved when the Group has all the
                                                                       following:

        •    kekuasaan atas investee;                                  •     power over the investee;
        •    eksposur atau hak atas imbal hasil variabel               •     is exposed, or has rights, to variable
             dari keterlibatannya dengan investee; dan                       returns from its involvement with the
                                                                             investee; and
        •    kemampuan      untuk      menggunakan                     •     the ability to use its power to affect its
             kekuasaannya   atas   investee     untuk                        returns.
             mempengaruhi jumlah imbal hasil Grup

        Pengkonsolidasian entitas anak dimulai pada                    Consolidation of a subsidiary begins when the
        saat Grup memperoleh pengendalian atas                         Group obtains control over the subsidiary and
        entitas anak dan berakhir pada saat Grup                       ceases when the Group loses control of the
        kehilangan pengendalian atas entitas anak.                     subsidiary. Specifically, income and expenses
        Secara khusus, penghasilan dan beban entitas                   of a subsidiary acquired or disposed of during
        anak yang diakuisisi atau dilepaskan selama                    the year are included in the consolidated
        tahun berjalan termasuk dalam laporan laba rugi                statement of profit or loss and other
        dan     penghasilan      komprehensif      lain                comprehensive income from the date the
        konsolidasian sejak tanggal Grup memperoleh                    Group gains control until the date when the
        pengendalian sampai dengan tanggal Grup                        Group ceases to control the subsidiary.
        kehilangan pengendalian atas entitas anak.

        Seluruh aset dan liabilitas, ekuitas, penghasilan,             All intragroup assets and liabilities, equity,
        beban dan arus kas dalam intra kelompok usaha                  income, expenses and cash flows relating to
        terkait dengan transaksi antar entitas dalam                   transactions between members of the Group
        Grup dieliminasi secara penuh dalam laporan                    are eliminated in full on consolidation.
        keuangan konsolidasian.

        Laba rugi dan setiap komponen penghasilan                      Profit or loss and each component of other
        komprehensif lain diatribusikan kepada pemilik                 comprehensive income are attributed to the
        Perusahaan dan kepentingan nonpengendali                       owners of the Company and to the non-
        (KNP) meskipun hal tersebut mengakibatkan                      controlling interest (NCI) even if this results in
        KNP memiliki saldo defisit.                                    the NCI having a deficit balance.




                                                        - 18 -
Page 331
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


        KNP disajikan dalam laporan laba rugi dan                         NCI are presented in the consolidated
        penghasilan komprehensif lain konsolidasian                       statement of profit or loss and other
        dan dalam ekuitas pada laporan posisi keuangan                    comprehensive income and under the equity
        konsolidasian, terpisah dari bagian yang dapat                    section of the consolidated statement of
        diatribusikan kepada pemilik Perusahaan.                          financial position, respectively, separately
                                                                          from the corresponding portion attributable to
                                                                          owners of the Company.

        Transaksi       dengan       KNP      yang      tidak             Transactions with NCI that do not result in loss
        mengakibatkan hilangnya pengendalian dicatat                      of control are accounted for as equity
        sebagai transaksi ekuitas. Selisih antara nilai                   transactions. The difference between the fair
        wajar imbalan yang dialihkan dengan bagian                        value of any consideration paid and the
        relatif atas nilai tercatat aset bersih entitas anak              relevant share acquired of the carrying value
        yang diakuisisi dicatat di ekuitas. Keuntungan                    of net assets of the subsidiary is recorded in
        atau kerugian dari pelepasan kepada KNP juga                      equity. Gains or losses on disposals to NCI are
        dicatat di ekuitas.                                               also recorded in equity.

   c.   Kombinasi Bisnis                                            c.    Business Combinations

        Entitas Tidak Sepengendali                                        Among Entities       Not    Under    Common
                                                                          Control

        Kombinasi bisnis, kecuali kombinasi bisnis                        Business combinations, except business
        entitas     sepengendali,     dicatat     dengan                  combination among entities under common
        menggunakan metode akuisisi. Biaya perolehan                      control, are accounted for using the acquisition
        dari sebuah akuisisi diukur pada nilai agregat                    method. The cost of an acquisition is
        imbalan yang dialihkan, diukur pada nilai wajar                   measured as the aggregate of the
        pada tanggal akuisisi dan jumlah setiap KNP                       consideration transferred, measured at
        pada pihak yang diakuisisi. Untuk setiap                          acquisition date fair value and the amount of
        kombinasi bisnis, pihak pengakuisisi mengukur                     any NCI in the acquiree. For each business
        KNP pada entitas yang diakuisisi pada nilai wajar                 combination, the acquirer measures the NCI in
        atau sebesar proporsi kepemilikan KNP atas                        the acquiree either at fair value or at the
        aset neto yang teridentifikasi dari entitas yang                  proportionate share of the acquiree’s
        diakuisisi. Biaya-biaya akuisisi yang timbul                      identifiable net assets. Acquisition costs
        dibebankan langsung dan disajikan sebagai                         incurred are directly expensed and included in
        beban administrasi.                                               administrative expenses.




                                                           - 19 -
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PT INTILAND DEVELOPMENT Tbk                                                 PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2025 dan 2024                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                         (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                           Otherwise Stated)


       Ketika melakukan akuisisi atas sebuah bisnis,               When the Group acquires a business,
       Grup mengklasifikasikan dan menentukan aset                 it assesses the financial assets acquired
       keuangan yang diperoleh dan liabilitas keuangan             and liabilities assumed for appropriate
       yang diambil alih berdasarkan pada persyaratan              classification and designation in accordance
       kontraktual, kondisi ekonomi dan kondisi terkait            with the contractual terms, economic
       lain yang ada pada tanggal akuisisi. Grup dapat             circumstances and pertinent conditions as at
       memilih     untuk     menerapkan       ‘pengujian           the acquisition date. The Group has an option
       konsentrasi nilai wajar’ yang mengijinkan                   to apply a ‘fair value concentration test’ that
       penilaian    yang     disederhanakan      apakah            permits a simplified assessment of whether an
       rangkaian aktivitas dan aset yang diakuisisi                acquired set of activities and assets is not a
       bukan merupakan suatu bisnis. Pengujian                     business. The concentration test can be
       konsentrasi dapat diterapkan secara terpisah                applied on a transaction-by-transaction basis.
       untuk setiap transaksi. Pengujian konsentrasi               The optional concentration test is met if
       opsional terpenuhi jika secara substansial                  substantially all of the fair value of the gross
       seluruh nilai wajar aset bruto yang diakuisisi              assets acquired is concentrated in a single
       terkonsentrasi dalam aset teridentifikasi tunggal           identifiable asset or group of similar
       atau kelompok aset teridentifikasi serupa. Jika             identifiable assets. If the test is met, the set of
       pengujian terpenuhi, rangkaian aktivitas dan                activities and assets is determined not to be a
       aset ditentukan bukan merupakan suatu bisnis                business and no further assessment is
       dan tidak diperlukan penilaian lanjutan. Jika               needed. If the test is not met, or if the Group
       pengujian tidak terpenuhi atau jika Grup memilih            elects not to apply the test, a detailed
       untuk tidak menerapkan pengujian tersebut,                  assessment must be performed applying the
       penilaian yang detail harus dilakukan sesuai                normal requirements in PSAK No. 103.
       dengan persyaratan normal dalam PSAK
       No. 103.

       Dalam suatu kombinasi bisnis yang dilakukan                 If the business combination is achieved in
       secara bertahap, pada tanggal akuisisi pihak                stages, the acquisition date fair value of the
       pengakuisisi mengukur kembali nilai wajar                   acquirer’s previously held equity interest in the
       kepentingan ekuitas yang dimiliki sebelumnya                acquiree is remeasured to fair value at the
       pada pihak yang diakuisisi dan mengakui                     acquisition date through profit or loss.
       keuntungan atau kerugian yang dihasilkan
       dalam laba rugi.

       Pada tanggal akuisisi, goodwill awalnya diukur              At acquisition date, goodwill is initially
       pada harga perolehan yang merupakan selisih                 measured at cost being the excess of the
       lebih nilai agregat dari imbalan yang dialihkan             aggregate of the consideration transferred and
       dan jumlah yang diakui untuk KNP atas aset                  the amount recognized for NCI over the net
       bersih teridentifikasi yang diperoleh dan liabilitas        identifiable assets acquired and liabilities
       yang diambil alih. Jika nilai agregat tersebut lebih        assumed. If this consideration is lower than the
       kecil dari nilai wajar aset neto entitas anak yang          fair value of the net assets of the subsidiary
       diakuisisi, selisih tersebut diakui dalam laba rugi.        acquired, the difference is recognized in profit
                                                                   or loss.

       Setelah pengakuan awal, goodwill diukur pada                After initial recognition, goodwill is measured
       jumlah tercatat dikurangi akumulasi kerugian                at cost less any accumulated impairment
       penurunan nilai. Untuk tujuan uji penurunan nilai,          losses. For the purpose of the impairment
       goodwill yang diperoleh dari suatu kombinasi                testing, goodwill acquired in a business
       bisnis, sejak tanggal akuisisi, dialokasikan                combination is, from the acquisition date,
       kepada setiap Unit Penghasil Kas (“UPK”) dari               allocated to each of the Company and/or its
       Perusahaan dan/atau entitas anak yang                       subsidiaries’ cash generating units (“CGU”)
       diharapkan akan menerima manfaat dari sinergi               that are expected to benefit from the
       kombinasi tersebut, terlepas dari apakah aset               combination, irrespective of whether other
       atau liabilitas lain dari pihak yang diakuisisi             assets or liabilities of the acquired are
       dialokasikan ke UPK tersebut.                               assigned to those CGUs.




                                                         - 20 -
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PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


        Jika goodwill telah dialokasikan pada suatu UPK               Where goodwill forms part of a CGU and part
        dan operasi tertentu atas UPK tersebut                        of the operation within that CGU is disposed
        dihentikan, maka goodwill yang diasosiasikan                  of, the goodwill associated with the operation
        dengan operasi yang dihentikan tersebut                       disposed of is included in the carrying amount
        termasuk dalam jumlah tercatat operasi tersebut               of the operation when determining the gain or
        ketika menentukan keuntungan atau kerugian                    loss on disposal of the operation. Goodwill
        dari pelepasan. Goodwill yang dilepaskan                      disposed of in this circumstance is measured
        tersebut diukur berdasarkan nilai relatif operasi             based on the relative values of the operation
        yang dihentikan dan porsi UPK yang ditahan.                   disposed of and the portion of the CGU
                                                                      retained.

        Entitas Sepengendali                                          Among Entities Under Common Control

        Transaksi     kombinasi       bisnis    entitas               Business combination transaction of entities
        sepengendali, berupa pengalihan bisnis yang                   under common control in form of business
        dilakukan dalam rangka reorganisasi entitas-                  transfer with regard to reorganization of
        entitas yang berada dalam suatu kelompok                      entities within the same group of companies
        usaha yang sama, bukan merupakan perubahan                    does not result in a change of the economic
        kepemilikan dalam arti substansi ekonomi,                     substance of the ownership, thus, the
        sehingga transaksi tersebut diakui pada jumlah                transaction is recognized at carrying value
        tercatat berdasarkan metode penyatuan                         based on pooling of interest method.
        kepemilikan.

        Selisih antara jumlah imbalan yang dialihkan dan              Any     difference  between     amount      of
        jumlah tercatat dari setiap kombinasi bisnis                  consideration transferred and the carrying
        entitas sepengendali disajikan dalam akun                     value of each business combination of entities
        tambahan modal disetor pada bagian ekuitas                    under common control is recognized as
        dalam laporan posisi keuangan konsolidasian.                  additional paid-in capital as part of equity
                                                                      section in the consolidated statement of
                                                                      financial position.

        Entitas yang melepas bisnis, dalam pelepasan                  An entity which is disposing a business unit in
        bisnis entitas sepengendali, mengakui selisih                 connection with the disposal of a business unit
        antara imbalan yang diterima dan jumlah tercatat              of an entity under common control recognizes
        bisnis yang dilepas dalam akun tambahan modal                 the difference between the consideration
        disetor pada bagian ekuitas dalam laporan posisi              received and carrying amount of the disposed
        keuangan konsolidasian.                                       business unit as additional paid-in capital as
                                                                      part of equity section in the consolidated
                                                                      statement of financial position.

   d.   Penjabaran Mata Uang Asing                              d.    Foreign Currency Translation

        Mata Uang Fungsional dan Pelaporan                            Functional and Reporting Currencies

        Akun-akun yang tercakup dalam laporan                         Items included in the financial statements of
        keuangan setiap entitas dalam Grup diukur                     each of the Group’s companies are measured
        menggunakan mata uang dari lingkungan                         using the currency of the primary economic
        ekonomi utama dimana entitas beroperasi (mata                 environment in which the entity operates
        uang fungsional).                                             (the functional currency).

        Laporan keuangan konsolidasian disajikan                      The consolidated financial statements are
        dalam Rupiah, yang merupakan mata uang                        presented in Rupiah which is the Company’s
        fungsional Perusahaan dan mata uang                           functional and the Group’s presentation
        penyajian Grup.                                               currency.




                                                       - 21 -
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PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


        Transaksi dan Saldo                                           Transactions and Balances

        Transaksi dalam mata uang asing dijabarkan                    Foreign currency transactions are translated
        kedalam mata uang fungsional menggunakan                      into the functional currency using the
        kurs pada tanggal transaksi. Keuntungan atau                  exchange rates prevailing at the dates of the
        kerugian selisih kurs yang timbul dari                        transactions. Foreign exchange gains and
        penyelesaian transaksi dan dari penjabaran                    losses resulting from the settlement of such
        pada kurs akhir tahun atas aset dan liabilitas                transactions and from the translation at year
        moneter dalam mata uang asing diakui dalam                    end exchange rates of monetary assets and
        laba rugi.                                                    liabilities denominated in foreign currencies
                                                                      are recognized in profit or loss.

        Pada tanggal 31 Desember 2025 dan 2024, kurs                  As of December 31, 2025 and 2024, the
        konversi yakni kurs tengah Bank Indonesia, yang               conversion rates used by the Group were the
        digunakan oleh Grup adalah sebagai berikut:                   middle rates of Bank Indonesia as follows:

                                                                                       2025               2024

        Dolar Amerika Serikat/United States (U.S.) Dollar                                16.782              16.162
        Dolar Singapura/Singapore Dollar (SGD)                                           13.069              11.919

   e.   Transaksi Pihak Berelasi                                e.    Transactions with Related Parties

        Orang atau entitas dikategorikan sebagai                      A person or entity is considered a related party
        pihak berelasi Grup apabila memenuhi definisi                 of the Group if it meets the definition of a
        pihak berelasi berdasarkan PSAK No. 224                       related party in PSAK No. 224 “Related Party
        “Pengungkapan Pihak-pihak Berelasi”.                          Disclosures.

        Semua transaksi signifikan dengan pihak                       All significant transactions with related parties
        berelasi telah diungkapkan dalam laporan                      are disclosed in the consolidated financial
        keuangan konsolidasian.                                       statements.

   f.   Klasifikasi Lancar dan Tidak Lancar                     f.    Current and Non-current Classification

        Grup menyajikan aset dan liabilitas dalam                     The Group presents assets and liabilities in
        laporan    posisi    keuangan     konsolidasian               the consolidated statement of financial
        berdasarkan klasifikasi lancar/tidak lancar.                  position based on current/non-current
        Suatu aset disajikan lancar bila:                             classification. An asset is current when it is:

        i) akan direalisasi, dijual atau dikonsumsi                   i)   expected to be realized or intended to be
           dalam siklus operasi normal,                                    sold or consumed in the normal operating
                                                                           cycle,

        ii) untuk diperdagangkan, atau                                ii) held primarily for the purpose of trading, or

        iii) akan direalisasi dalam 12 bulan setelah                  iii) expected to be realized within 12 months
             tanggal pelaporan, atau kas atau setara kas,                  after the reporting period, or cash or cash
             kecuali yang dibatasi penggunaannya atau                      equivalents unless restricted from being
             akan digunakan untuk melunasi suatu                           exchanged or used to settle a liability for
             liabilitas dalam paling lambat 12 bulan                       at least 12 months after the reporting
             setelah tanggal pelaporan.                                    period.

        Seluruh aset lain diklasifikasikan sebagai tidak              All other assets are classified as non-current.
        lancar.




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PT INTILAND DEVELOPMENT Tbk                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                 Otherwise Stated)


        Suatu liabilitas disajikan jangka pendek bila:                   A liability is current when it is:

        i) akan dilunasi dalam siklus operasi normal,                    i)    expected to be settled in the normal
                                                                               operating cycle,

        ii) untuk diperdagangkan,                                        ii) held primarily to the purpose of trading,

        iii) akan dilunasi dalam 12 bulan setelah tanggal                iii) due to be settled within 12 months after
             pelaporan, atau                                                  the reporting period, or

        iv) tidak ada hak pada akhir periode pelaporan                   iv) there is no right at the end of the reporting
            untuk menangguhkan pelunasannya dalam                            period to defer the settlement of the
            paling tidak 12 bulan setelah tanggal                            liability for at least 12 months after the
            pelaporan.                                                       reporting period.

        Seluruh liabilitas lain diklasifikasikan sebagai                 All other liabilities are classified as noncurrent.
        jangka panjang.

   g.   Kas dan Setara Kas                                         g.    Cash and Cash Equivalents

        Kas terdiri dari kas dan bank. Setara kas adalah                 Cash consists of cash on hand and in banks.
        semua investasi yang bersifat jangka pendek                      Cash equivalents are short-term, highly liquid
        dan sangat likuid yang dapat segera                              investments that are readily convertible to
        dikonversikan menjadi kas dengan jatuh tempo                     known amounts of cash with original maturities
        dalam waktu tiga (3) bulan atau kurang sejak                     of three (3) months or less from the date of
        tanggal penempatannya, dan yang tidak                            placements, and which are not used as
        dijaminkan serta tidak dibatasi pencairannya.                    collateral and are not restricted.

   h.   Bank dan Deposito Berjangka                               h.     Cash in Banks and Time Deposits

        Bank     yang    dijaminkan    atau    dibatasi                  Cash in banks which are used as collateral or
        pencairannya serta deposito berjangka yang                       are restricted and time deposits with maturities
        jatuh temponya kurang dari tiga (3) bulan pada                   of three (3) months or less from the date of
        saat penempatan namun dijaminkan, atau                           placement which are used as collateral or are
        dibatasi pencairannya disajikan sebagai “Kas                     restricted are presented as “Restricted cash
        dan deposito yang dibatasi penggunaannya”.                       and time deposits”.

   i.   Instrumen Keuangan                                        i.     Financial Instruments

        Grup menerapkan PSAK No. 109, Instrumen                          The Group has applied PSAK No. 109,
        Keuangan, mengenai pengaturan instrumen                          Financial Instruments, which set the
        keuangan terkait klasifikasi dan pengukuran dan                  requirements      in  classification and
        penurunan nilai atas instrumen keuangan.                         measurement and impairment in value of
                                                                         financial assets.

        Aset Keuangan                                                    Financial Assets

        Grup mengklasifikasikan aset keuangan sesuai                     The Group classifies its financial assets in
        dengan PSAK No. 109, Instrumen Keuangan,                         accordance with PSAK No. 109, Financial
        sehingga setelah pengakuan awal aset                             Instruments, that classifies financial assets as
        keuangan diukur pada biaya perolehan                             subsequently measured at amortized cost, fair
        diamortisasi, nilai wajar melalui penghasilan                    value through comprehensive income or fair
        komprehensif lain atau nilai wajar melalui laba                  value through profit or loss, on the basis of
        rugi, dengan menggunakan dua dasar, yaitu:                       both:

        (a)   Model bisnis Grup dalam mengelola aset                     (a)    The Group’s business model               for
              keuangan; dan                                                     managing the financial assets; and

        (b)   Karakteristik arus kas kontraktual dari aset               (b)    The contractual cash flow characteristics
              keuangan.                                                         of the financial assets.


                                                         - 23 -
Page 336
PT INTILAND DEVELOPMENT Tbk                                             PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                     (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                       Otherwise Stated)


       Pada tanggal 31 Desember 2025 dan 2024, aset            As of December 31, 2025 and 2024, the
       keuangan Grup terdiri dari aset keuangan pada           Group’s financial assets consist of financial
       biaya perolehan diamortisasi dan aset keuangan          assets at amortized cost and financial assets
       yang diukur pada nilai wajar melalui penghasilan        at fair value through other comprehensive
       komprehensif lain.                                      income.

       1. Aset keuangan      pada    biaya   perolehan         1. Financial assets at amortized cost
          diamortisasi

          Aset keuangan diukur pada biaya perolehan               A financial asset shall be measured at
          diamortisasi jika kedua kondisi berikut                 amortized cost if both of the following
          terpenuhi:                                              conditions are met:

          (a)   Aset keuangan dikelola dalam model                (a)   The financial asset is held within a
                bisnis yang bertujuan untuk memiliki                    business model whose objective is to
                aset    keuangan     dalam    rangka                    hold financial assets in order to
                mendapatkan arus kas kontraktual; dan                   collect contractual cash flows; and

          (b)   Persyaratan kontraktual dari aset                 (b)   The contractual terms of the financial
                keuangan menghasilkan arus kas pada                     assets give rise on specified dates to
                tanggal tertentu yang semata dari                       cash flows that are solely payments
                pembayaran pokok dan bunga dari                         of principal and interest on the
                jumlah pokok terutang.                                  principal amount outstanding.

          Aset keuangan pada biaya perolehan                      Financial assets at amortized cost is
          diamortisasi diukur pada jumlah yang diakui             measured at initial amount minus the
          saat pengakuan awal dikurangi pembayaran                principal repayments, plus or minus the
          pokok, ditambah atau dikurangi dengan                   cumulative      amortization using      the
          amortisasi kumulatif menggunakan metode                 effective interest method of any difference
          suku bunga efektif yang dihitung dari selisih           between that initial amount and the
          antara nilai awal dan nilai jatuh temponya,             maturity amount, adjusted for allowance
          dan dikurangi dengan cadangan kerugian                  for impairment.
          penurunan nilai.

          Pada tanggal 31 Desember 2025 dan 2024,                 As of December 31, 2025 and 2024, the
          kategori ini meliputi kas dan setara kas,               Group’s cash and cash equivalents, trade
          piutang usaha, piutang lain-lain, piutang               accounts receivable, other accounts
          pihak berelasi non-usaha, kas dan deposito              receivable, due from related parties,
          yang dibatasi penggunaannya, dan jaminan                restricted cash and time deposits, and
          dalam akun aset lain-lain yang dimiliki oleh            deposits included in other assets account
          Grup.                                                   are included in this category.

       2. Aset keuangan yang diukur pada nilai wajar           2. Financial assets at fair value through other
          melalui penghasilan komprehensif lain                   comprehensive income

          Aset keuangan diukur pada nilai wajar                   A financial asset shall be measured at fair
          melalui penghasilan komprehensif lain jika              value through other comprehensive
          kedua kondisi berikut terpenuhi:                        income if both of the following conditions
                                                                  are met:

          (a)   Aset keuangan dikelola dalam model                (a)   The financial asset is held within a
                bisnis yang tujuannya akan terpenuhi                    business model whose objective is
                dengan mendapatkan arus          kas                    achieved     by     both   collecting
                kontraktual    dan   menjual    aset                    contractual cash flows and selling
                keuangan; dan                                           financial assets; and




                                                     - 24 -
Page 337
PT INTILAND DEVELOPMENT Tbk                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                        Otherwise Stated)


          (b)   Persyaratan kontraktual dari aset                   (b)   The contractual terms of the financial
                keuangan menghasilkan arus kas pada                       assets give rise on specified dates to
                tanggal tertentu yang semata dari                         cash flows that are solely payments
                pembayaran pokok dan bunga dari                           of principal and interest on the
                jumlah pokok terutang.                                    principal amount outstanding.

          Aset keuangan berupa instrumen ekuitas                    Equity securities financial assets which
          yang diukur pada nilai wajar melalui                      are initially measured at fair value through
          penghasilan komprehensif lain selanjutnya                 other     comprehensive       income     are
          diukur pada nilai wajar, dengan keuntungan                subsequently measured at fair value, with
          atau kerugian yang belum direalisasi diakui               unrealized gains or losses recognized in
          dalam penghasilan komprehensif lain. Saat                 other comprehensive income. At the time
          aset    keuangan      tersebut     dihentikan             the financial assets are derecognized or
          pengakuannya atau direklasifikasi, akumulasi              reclassified, the cumulative gain or loss is
          keuntungan atau kerugian direklasifikasi ke               reclassified to retained earnings.
          saldo laba.

          Pada tanggal 31 Desember 2025 dan 2024,                   As of December 31, 2025 and 2024, the
          kategori ini meliputi investasi jangka panjang            Group’s long-term investments in shares
          Grup dalam saham seperti yang disajikan                   as disclosed in Note 5 are classified under
          dalam Catatan 5.                                          this category.

       Liabilitas Keuangan dan Instrumen Ekuitas                Financial Liabilities and Equity Instruments

       Liabilitas keuangan dan instrumen ekuitas                Financial liabilities and equity instruments of
       Grup diklasifikasikan berdasarkan substansi              the Group are classified according to the
       perjanjian kontraktual serta definisi liabilitas         substance of the contractual arrangements
       keuangan dan instrumen ekuitas. Kebijakan                entered into and the definitions of a financial
       akuntansi yang diterapkan atas instrumen                 liability and equity instrument. The accounting
       keuangan tersebut diungkapkan berikut ini.               policies adopted for specific financial
                                                                instruments are set out below.

       Instrumen Ekuitas                                        Equity Instruments

       Instrumen ekuitas adalah setiap kontrak yang             An equity instrument is any contract that
       memberikan hak residual atas aset suatu entitas          evidences a residual interest in the assets of
       setelah dikurangi dengan seluruh liabilitasnya.          an entity after deducting all of its liabilities.
       Instrumen ekuitas dicatat sejumlah hasil yang            Equity instruments are recorded at the
       diterima, setelah dikurangkan dengan biaya               proceeds received, net of direct issue costs.
       penerbitan langsung.

       Liabilitas Keuangan                                      Financial Liabilities

       Liabilitas keuangan dalam lingkup PSAK                   Financial liabilities within the scope of PSAK
       No. 109, Instrumen Keuangan, diklasifikasikan            No. 109, Financial Instrument, are classified as
       sebagai berikut: (i) liabilitas keuangan yang            follows: (i) financial liabilities at amortized cost,
       diukur dengan biaya diamortisasi, atau                   or (ii) financial liabilities at fair value through
       (ii) liabilitas keuangan yang diukur dengan nilai        profit and loss (FVPL). The Group determines
       wajar melalui laba rugi. Grup menentukan                 the classification of its financial liabilities at
       klasifikasi liabilitas keuangan pada saat                initial recognition.
       pengakuan awal.

       Seluruh liabilitas keuangan diakui pada awalnya          All financial liabilities are recognized initially at
       sebesar nilai wajar dan, dalam hal pinjaman dan          fair value and, in the case of loans and
       utang, termasuk biaya transaksi yang dapat               borrowings, inclusive of directly attributable
       diatribusikan secara langsung dan selanjutnya            transaction costs and subsequently measured
       diukur pada biaya perolehan diamortisasi                 at amortized cost using the effective interest
       dengan menggunakan metode suku bunga                     rate method. The amortization of the effective
       efektif. Amortisasi suku bunga efektif disajikan         interest rate is included in finance costs in profit
       sebagai bagian dari beban keuangan dalam laba            or loss.
       rugi.



                                                      - 25 -
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PT INTILAND DEVELOPMENT Tbk                                                 PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2025 dan 2024                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                         (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                           Otherwise Stated)


       Pada tanggal 31 Desember 2025 dan 2024,                     As of December 31, 2025 and 2024, the Group
       Grup hanya memiliki liabilitas keuangan yang                has only financial liabilities measured at
       diukur pada biaya perolehan diamortisasi.                   amortized cost.

       Liabilitas keuangan yang diukur pada biaya                  Financial liabilities at amortized cost
       perolehan diamortisasi

       Liabilitas keuangan pada biaya perolehan                    Financial liabilities at amortized cost are
       diamortisasi diukur pada jumlah yang diakui saat            measured at initial amount minus the principal
       pengakuan awal dikurangi pembayaran pokok,                  repayments, plus or minus the cumulative
       ditambah atau dikurangi dengan amortisasi                   amortization using the effective interest
       kumulatif menggunakan metode suku bunga                     method of any difference between that initial
       efektif yang dihitung dari selisih antara nilai awal        amount and the maturity amount. The
       dan nilai jatuh temponya. Amortisasi suku bunga             amortization of the effective interest rate is
       efektif disajikan sebagai bagian dari beban                 included in finance costs in profit or loss.
       keuangan dalam laba rugi.

       Pada tanggal 31 Desember 2025 dan 2024,                     As of December 31, 2025 and 2024, the
       kategori ini meliputi utang bank jangka pendek,             Group’s short-term bank loans, trade accounts
       utang usaha, pinjaman dari pihak ketiga, utang              payable, loans from third parties, other
       lain-lain, beban akrual, utang bank jangka                  accounts payable, accrued expenses, long-
       panjang, utang pembiayaan konsumen, dan                     term bank loans, consumer finance payables,
       utang sukuk ijarah yang dimiliki oleh Grup.                 and sukuk ijarah payable are included in this
                                                                   category.

       Saling Hapus Instrumen Keuangan                             Offsetting of Financial Instruments

       Aset keuangan dan liabilitas keuangan saling                Financial assets and liabilities are offset and
       hapus dan nilai bersihnya disajikan dalam                   the net amount reported in the consolidated
       laporan posisi keuangan konsolidasian jika, dan             statement of financial position if, and only if,
       hanya jika, Grup saat ini memiliki hak yang                 there is a currently enforceable right to offset
       berkekuatan hukum untuk melakukan saling                    the recognized amounts and there is intention
       hapus atas jumlah yang telah diakui tersebut;               to settle on a net basis, or to realize the asset
       dan berniat untuk menyelesaikan secara                      and settle the liability simultaneously.
       neto atau untuk merealisasikan aset dan
       menyelesaikan liabilitasnya secara simultan.

       Reklasifikasi Instrumen Keuangan                            Reclassification of Financial Instruments

       Sesuai dengan ketentuan PSAK No. 109,                       In accordance with PSAK No. 109, Financial
       Instrumen Keuangan, Grup mereklasifikasi                    Instruments, the Group reclassifies its financial
       seluruh aset keuangan dalam kategori yang                   assets when, and only when, the Group
       terpengaruh, jika dan hanya jika, Grup                      changes its business model for managing
       mengubah model bisnis untuk pengelolaan aset                financial assets. While, any financial liabilities
       keuangan tersebut. Sedangkan, liabilitas                    shall not be reclassified.
       keuangan tidak direklasifikasi.

       Penurunan Nilai Aset Keuangan                               Impairment of Financial Assets

       Grup selalu mengakui kerugian kredit                        The Group always recognizes lifetime
       ekspektasian (ECL) sepanjang umur untuk                     expected credit losses (ECL) for trade
       piutang usaha. Kerugian kredit ekspektasian                 accounts receivable. The expected credit
       atas aset keuangan ini diestimasi menggunakan               losses on these financial assets are estimated
       matriks provisi dengan mengacu pada                         using a provision matrix based on the Group’s
       pengalaman kerugian kredit historis Grup,                   historical credit loss experience, adjusted for
       disesuaikan dengan faktor-faktor yang spesifik              factors that are specific to the debtors, general
       dari debitur, kondisi ekonomi umum dan                      economic conditions and an assessment of
       penilaian baik atas kondisi kini maupun perkiraan           both the current as well as the forecast
       masa depan pada tanggal pelaporan, termasuk                 direction of conditions at the reporting date,
       nilai waktu atas uang jika tepat.                           including time value of money where
                                                                   appropriate.


                                                         - 26 -
Page 339
PT INTILAND DEVELOPMENT Tbk                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                        Otherwise Stated)


       Untuk seluruh instrumen keuangan lainnya, Grup           For all other financial instruments, the Group
       mengakui ECL sepanjang umur ketika telah ada             recognizes lifetime ECL when there has been
       peningkatan risiko kredit yang signifikan sejak          a significant increase in credit risk since initial
       pengakuan awal. Jika sebaliknya, risiko kredit           recognition. If, on the other hand, the credit risk
       pada instrumen keuangan tidak meningkat                  on the financial instrument has not increased
       secara signifikan sejak pengakuan awal, Grup             significantly since initial recognition, the Group
       mengukur penyisihan kerugian untuk instrumen             measures the loss allowance for that financial
       keuangan tersebut sejumlah ECL 12 bulan.                 instrument at an amount equal to 12-month
       Penilaian apakah ECL sepanjang umur harus                ECL. The assessment of whether lifetime ECL
       diakui didasarkan pada peningkatan signifikan            should be recognized is based on significant
       dalam kemungkinan terjadinya atau pada risiko            increases in the likelihood or risk of a default
       gagal bayar sejak pengakuan awal dan bukan               occurring since initial recognition instead of on
       didasarkan bukti aset keuangan yang mengalami            evidence of a financial asset being credit
       kerugian kredit pada tanggal pelaporan atau              impaired at the reporting date or an actual
       kejadian gagal bayar sebenarnya. ECL                     default occurring. Lifetime ECL represents the
       sepanjang umur merupakan kerugian kredit                 expected credit losses that will result from all
       ekspektasian yang timbul dari seluruh                    possible default events over the expected life
       kemungkinan peristiwa gagal bayar selama                 of a financial instrument. In contrast, 12-month
       perkiraan     umur      instrumen    keuangan.           ECL represents the portion of lifetime ECL that
       Sebaliknya, ECL 12 bulan mewakili porsi ECL              is expected to result from default events on a
       sepanjang umur yang timbul dari peristiwa gagal          financial instrument that are possible within
       bayar pada instrumen keuangan yang mungkin               12 months after the reporting date.
       terjadi dalam 12 bulan setelah tanggal
       pelaporan.

       Penghentian Pengakuan Aset dan Liabilitas                Derecognition of Financial Assets and
       Keuangan                                                 Liabilities

       (1)   Aset Keuangan                                      (1)   Financial Assets

             Aset keuangan (atau bagian dari aset                     Financial asset (or, where applicable,
             keuangan atau kelompok aset keuangan                     a part of a financial asset or part of
             serupa) dihentikan pengakuannya jika:                    a group of similar financial assets) is
                                                                      derecognized when:

             a.   Hak kontraktual atas arus kas yang                  a.    the rights to receive cash flows
                  berasal dari aset keuangan tersebut                       from the asset have expired;
                  berakhir;

             b.   Grup tetap memiliki hak untuk                       b.    the Group retains the right to
                  menerima arus kas dari aset                               receive cash flows from the asset,
                  keuangan tersebut, namun juga                             but has assumed a contractual
                  menanggung liabilitas kontraktual                         obligation to pay them in full
                  untuk membayar kepada pihak ketiga                        without material delay to a third
                  atas arus kas yang diterima tersebut                      party under a “pass-through”
                  secara    penuh    tanpa     adanya                       arrangement; or
                  penundaan       yang       signifikan
                  berdasarkan suatu kesepakatan; atau

             c.   Grup telah mentransfer haknya untuk                 c.    the Group has transferred its rights
                  menerima arus kas dari aset                               to receive cash flows from the
                  keuangan dan (i) telah mentransfer                        asset and either (i) has transferred
                  secara substansial seluruh risiko dan                     substantially all the risks and
                  manfaat atas aset keuangan, atau (ii)                     rewards of the asset, or (ii) has
                  secara substansial tidak mentransfer                      neither transferred nor retained
                  atau tidak memiliki seluruh risiko dan                    substantially all the risks and
                  manfaat atas aset keuangan, namun                         rewards of the asset, but has
                  telah mentransfer pengendalian atas                       transferred control of the asset.
                  aset keuangan tersebut.




                                                      - 27 -
Page 340
PT INTILAND DEVELOPMENT Tbk                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                 Otherwise Stated)


        (2)     Liabilitas Keuangan                                       (2)   Financial Liabilities

                Liabilitas        keuangan       dihentikan                     A financial liability is derecognized when
                pengakuannya jika liabilitas keuangan                           the obligation under the contract is
                tersebut berakhir, dibatalkan, atau telah                       discharged, cancelled or has expired. If
                kadaluarsa. Jika ketentuan liabilitas                           the terms of an existing financial liability
                keuangan yang ada (utang dan pinjaman)                          (loans and borrowings) are substantially
                dimodifikasi secara substansial, maka                           modified this will be considered to meet
                liabilitas   tersebut    akan      dianggap                     the criteria for derecognition of the
                memenuhi kriteria penghapusan liabilitas                        original liability, and a new financial
                keuangan orisinal, dan liabilitas keuangan                      liability is recognised. The difference
                baru akan diakui. Selisih antara jumlah                         between        the        carrying    value
                tercatat liabilitas keuangan yang berakhir                      derecognised and consideration paid is
                dan imbalan yang dibayarkan diakui                              recognised in profit or loss.
                dalam laba rugi.

   j.   Pengukuran Nilai Wajar                                     j.    Fair Value Measurement

        Pengukuran nilai wajar didasarkan pada asumsi                    The fair value measurement is based on the
        bahwa transaksi untuk menjual aset atau                          presumption that the transaction to sell the
        mengalihkan liabilitas akan terjadi:                             asset or transfer the liability takes place either:

        •     di pasar utama untuk aset atau liabilitas                  •   in the principal market for the asset or
              tersebut atau;                                                 liability or;

        •     jika tidak terdapat pasar utama, di pasar yang             •   in the absence of a principal market, in the
              paling menguntungkan untuk aset atau                           most advantageous market for the asset or
              liabilitas tersebut.                                           liability.

        Grup harus memiliki akses ke pasar utama atau                    The Group must have access to the principal
        pasar yang paling menguntungkan pada tanggal                     or the most advantageous market at the
        pengukuran.                                                      measurement date.

        Nilai wajar aset atau liabilitas diukur                          The fair value of an asset or a liability is
        menggunakan asumsi yang akan digunakan                           measured using the assumptions that market
        pelaku pasar ketika menentukan harga aset atau                   participants would use when pricing the asset
        liabilitas tersebut, dengan asumsi bahwa pelaku                  or liability, assuming that market participants
        pasar bertindak dalam kepentingan ekonomi                        act in their economic best interest.
        terbaiknya.

        Pengukuran nilai wajar aset non-keuangan                         A fair value measurement of a non-financial
        memperhitungkan kemampuan pelaku pasar                           asset takes into account a market participant’s
        untuk     menghasilkan    manfaat    ekonomik                    ability to generate economic benefits by using
        dengan menggunakan aset dalam penggunaan                         the asset in its highest and best use or by
        tertinggi dan terbaiknya, atau dengan                            selling it to another market participant that
        menjualnya kepada pelaku pasar lain yang akan                    would use the asset in its highest and best
        menggunakan aset tersebut dalam penggunaan                       use.
        tertinggi dan terbaiknya.

        Ketika Grup menggunakan teknik penilaian,                        When the Group uses valuation techniques, it
        maka Grup memaksimalkan penggunaan input                         maximizes the use of relevant observable
        yang dapat diobservasi yang relevan dan                          inputs and minimizing the use of unobservable
        meminimalkan penggunaan input yang tidak                         inputs.
        dapat diobservasi.




                                                          - 28 -
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PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


        Seluruh aset dan liabilitas yang mana nilai wajar             All assets and liabilities for which fair value is
        aset atau liabilitas tersebut diukur atau                     measured or disclosed in the financial
        diungkapkan, dikategorikan dalam hirarki nilai                statements are categorized within the fair
        wajar sebagai berikut:                                        value hierarchy as follows:

        •   Level 1 - Harga kuotasian (tanpa                          •   Level 1 - Quoted (unadjusted) market
            penyesuaian) di pasar aktif untuk aset atau                   prices in active markets for identical assets
            liabilitas yang identik;                                      or liabilities;

        •   Level 2 - Teknik penilaian dimana level input             •   Level 2 - Valuation techniques for which
            terendah     yang      signifikan   terhadap                  the lowest level input that is significant to
            pengukuran nilai wajar dapat diobservasi,                     the fair value measurement is directly or
            baik secara langsung maupun tidak                             indirectly observable;
            langsung;

        •   Level 3 - Teknik penilaian dimana level input             •   Level 3 - Valuation techniques for which
            terendah     yang      signifikan   terhadap                  the lowest level input that is significant to
            pengukuran nilai wajar tidak dapat                            the    fair   value     measurement        is
            diobservasi.                                                  unobservable.

        Untuk aset dan liabilitas yang diukur pada nilai              For assets and liabilities that are recognized in
        wajar secara berulang dalam laporan keuangan                  the consolidated financial statements on a
        konsolidasian, maka Grup menentukan apakah                    recurring basis, the Group determines whether
        telah terjadi transfer di antara level hirarki                there are transfers between levels in the
        dengan menilai kembali pengkategorian level                   hierarchy by re-assessing categorization at
        nilai wajar pada setiap akhir periode pelaporan.              the end of each reporting period.

   k.   Persediaan                                              k.    Inventories

        1) Persediaan Real Estat                                      1) Real Estate Inventories

            Persediaan terdiri dari tanah dan bangunan                    Inventories consist of land and buildings
            (rumah tinggal dan rumah toko), apartemen                     (houses and shophouses), apartments
            yang siap dijual, bangunan (rumah tinggal                     ready for sale, buildings (houses and
            dan rumah toko) yang sedang dikonstruksi,                     shophouses) under construction, and land
            dan tanah yang sedang dikembangkan,                           under development which are stated at the
            dinyatakan sebesar mana yang lebih rendah                     lower of cost and net realizable value.
            antara biaya perolehan dan nilai realisasi
            bersih.

            Biaya perolehan tanah yang sedang                             The cost of land under development
            dikembangkan meliputi biaya perolehan                         consists of the cost of land for
            tanah yang belum dikembangkan ditambah                        development, direct and indirect real estate
            dengan biaya pengembangan langsung dan                        development costs and capitalized
            tidak langsung yang dapat diatribusikan pada                  borrowing costs. The total cost of land
            kegiatan pengembangan real estat serta                        under development is transferred to land
            biaya pinjaman. Jumlah biaya tanah yang                       and building units ready for sale when land
            sedang dikembangkan akan dipindahkan ke                       development is completed, based on the
            bangunan yang sedang dikonstruksi pada                        area of saleable lots.
            saat tanah tersebut selesai dikembangkan
            atau dipindahkan ke aset tanah bila tanah
            tersebut siap dijual dengan menggunakan
            metode luas areal.




                                                       - 29 -
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PT INTILAND DEVELOPMENT Tbk                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                            Otherwise Stated)


          Biaya pengembangan tanah, termasuk tanah                      The cost of land development, including
          yang digunakan sebagai jalan dan prasarana                    the cost of land used for roads and
          atau area yang tidak dijual lainnya,                          amenities and other non-saleable areas, is
          dialokasikan      secara       proporsional                   allocated proportionally based on saleable
          berdasarkan luas tanah yang dapat dijual.                     area of land.

          Biaya perolehan bangunan yang sedang                          The cost of building units under
          dikonstruksi meliputi biaya perolehan tanah                   construction consists of construction costs
          yang sedang dikembangkan ditambah                             and is transferred to building units ready for
          dengan biaya konstruksi dan biaya pinjaman                    sale when the development of land and
          dan dipindahkan ke aset bangunan pada                         construction of the buildings is completed
          saat selesai dibangun dan ketika siap dijual                  and when it is ready for sale. Cost is
          dengan menggunakan metode identifikasi                        determined using the specific identification
          khusus.                                                       method.

          Akumulasi biaya ke proyek pengembangan                        The allocation of costs to the project
          tidak    dihentikan   walaupun     realisasi                  development continues even if the
          pendapatan pada masa mendatang lebih                          realization of future revenues is less
          rendah dari nilai tercatat proyek. Namun,                     than the carrying value of the project.
          dilakukan cadangan secara periodik atas                       However, periodic provisions are made for
          perbedaan tersebut. Jumlah cadangan                           these differences. The total provision
          tersebut akan mengurangi nilai tercatat                       reduces the carrying value of the project to
          proyek dan dibebankan ke laba rugi tahun                      its net realizable value and is charged to
          berjalan.                                                     expense in the current year when
                                                                        recognized.

          Biaya pemeliharaan dan perbaikan yang                         Expenses incurred for repairs and
          terjadi atas proyek yang sudah selesai dan                    maintenance of the completed projects and
          secara substansial siap untuk digunakan                       those projects which are substantially
          sesuai tujuannya dibebankan pada laba rugi                    ready for use are charged to current
          pada saat terjadinya.                                         operations.

          Estimasi dan alokasi biaya harus dikaji                       Cost estimates and allocation are reviewed
          kembali pada setiap akhir periode pelaporan                   at the end of every reporting period until the
          sampai proyek selesai secara substansial.                     project is substantially completed. If there
          Apabila telah terjadi perubahan mendasar                      are any substantial changes from the
          pada estimasi kini, biaya direvisi dan                        estimates, the Group revises and
          direalokasi.                                                  reallocates costs.

          Beban yang tidak berhubungan dengan                           Costs which are not related to real estate
          proyek real estat dibebankan ke laba rugi                     development are charged to expense
          pada saat terjadinya.                                         when incurred.

       2) Persediaan Lainnya                                       2)   Other Inventories

          Persediaan lainnya dinyatakan sebesar                         Other inventories are stated at the lower of
          mana yang lebih rendah antara biaya                           cost and net realizable value. Cost is
          perolehan dan nilai realisasi bersih.                         determined using the first-in, first-out
          Biaya perolehan ditentukan menggunakan                        method. Net realizable value of these
          metode pertama masuk, pertama keluar                          inventories is the current replacement cost.
          (first-in, first-out). Nilai realisasi bersih dari
          persediaan adalah biaya penggantian saat
          ini.




                                                          - 30 -
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PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


   l.   Investasi pada Entitas Asosiasi dan Ventura              l.    Investments     in   Associates     and    Joint
        Bersama                                                        Ventures

        Hasil usaha dan aset dan liabilitas entitas                    The results and assets and liabilities of
        asosiasi atau ventura bersama dicatat dalam                    associates or joint ventures are incorporated in
        laporan keuangan konsolidasian menggunakan                     these consolidated financial statements using
        metode ekuitas.                                                the equity method of accounting.

        Dalam metode ekuitas, pengakuan awal                           Under the equity method, an investment in an
        investasi pada entitas asosiasi atau ventura                   associate or a joint venture is initially
        bersama diakui pada laporan posisi keuangan                    recognized in the consolidated statement of
        konsolidasian sebesar biaya perolehan dan                      financial position at cost and adjusted there
        selanjutnya disesuaikan untuk mengakui bagian                  after to recognize the Group’s share of the
        Grup atas laba rugi dan penghasilan                            profit or loss and other comprehensive income
        komprehensif lain dari entitas asosiasi atau                   of the associate or joint venture. When the
        ventura bersama. Jika bagian Grup atas rugi                    Group’s share of losses of an associate or a
        entitas asosiasi atau ventura bersama adalah                   joint venture exceeds the Group’s interest in
        sama dengan atau melebihi kepentingannya                       that associate or joint venture, the Group
        pada entitas asosiasi atau ventura bersama,                    discontinues recognizing its share of further
        maka Grup menghentikan pengakuannya atas                       losses. Additional losses are recognized only
        rugi lebih lanjut. Kerugian lebih lanjut diakui                to the extent that the Group has incurred legal
        hanya jika Grup memiliki kewajiban konstruktif                 or constructive obligations or made payments
        atau hukum atau melakukan pembayaran atas                      on behalf of the associate or joint venture.
        nama entitas asosiasi atau ventura bersama.

        Investasi pada entitas asosiasi atau ventura                   An investment in an associate or a joint
        bersama dicatat menggunakan metode ekuitas                     venture is accounted for using the equity
        sejak tanggal investasi tersebut memenuhi                      method from the date on which the investee
        definisi entitas asosiasi atau ventura bersama.                becomes an associate or a joint venture. On
        Pada saat perolehan investasi, setiap selisih                  acquisition of the investment in an associate or
        lebih antara biaya perolehan investasi dengan                  a joint venture, any excess of the cost of the
        bagian Grup atas nilai wajar neto aset dan                     investment over the Group’s share of the net
        liabilitas teridentifikasi dari investee diakui                fair value of the identifiable assets and
        sebagai goodwill, yang termasuk dalam nilai                    liabilities of the investee is recognized as
        tercatat investasi. Setiap selisih lebih bagian                goodwill, which is included within the carrying
        Grup atas nilai wajar neto aset dan liabilitas                 amount of the investment. Any excess of the
        teridentifikasi terhadap biaya perolehan investasi             Group’s share of the net fair value of the
        langsung diakui dalam laba rugi pada periode                   identifiable assets and liabilities over the cost
        perolehan investasi.                                           of the investment is recognized immediately in
                                                                       profit or loss in the period in which the
                                                                       investment is acquired.

        Pada     setiap    tanggal    pelaporan, Grup                  The Group determines at each reporting date
        menentukan apakah terdapat penurunan nilai                     whether it is necessary to recognize any
        yang harus diakui atas investasi Grup pada                     impairment loss with respect to the Group’s
        entitas asosiasi atau ventura bersama.                         investment in an associate or a joint venture.

        Ketika entitas dalam Grup melakukan transaksi                  When a Group entity transacts with an
        dengan entitas asosiasi atau ventura bersama                   associate or a joint venture of the Group,
        milik Grup, keuntungan atau kerugian yang                      profits and losses resulting from the
        dihasilkan dari transaksi tersebut diakui dalam                transactions with the associate or joint venture
        laporan keuangan konsolidasian Grup hanya                      are recognized in the Group’s consolidated
        sebatas kepentingan para pihak dalam asosiasi                  financial statements only to the extent of
        atau ventura bersama yang tidak terkait dengan                 interests in the associate or joint venture that
        Grup.                                                          are not related to the Group.




                                                        - 31 -
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PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


        Keuntungan atau kerugian yang belum                            Unrealized gains or lossess resulting from
        direalisasi dari transaksi dengan entitas asosiasi             transactions with an associate or a joint
        atau ventura bersama akan direalisasi ke laba                  venture will be realized to profit or loss upon
        rugi pada saat penjualan kepada pihak ketiga.                  sales to third parties.

   m. Bagian Partisipasi dalam Operasi Bersama                   m. Interest in Joint Operations

        Ketika entitas dalam Grup memiliki aktivitas                   When a Group entity undertakes its activities
        dalam operasi bersama, maka Grup sebagai                       under joint operations, the Group as a joint
        operator bersama mengakui hal berikut terkait                  operator recognizes in relation to its interest in
        dengan kepentingan dalam operasi bersama:                      a joint operation:

        •   aset, mencakup bagiannya atas setiap aset                  •   its assets, including its share of any assets
            yang dimiliki bersama;                                         held jointly.
        •   liabilitas, mencakup bagiannya atas liabilitas             •   its liabilities, including its share of any
            yang terjadi bersama;                                          liabilities incurred jointly;
        •   pendapatan dari penjualan bagiannya atas                   •   its revenue from the sale of its share of the
            output yang dihasilkan dari operasi bersama;                   output arising from the joint operation;
        •   bagiannya atas pendapatan dari penjualan                   •   its share of the revenue from the sale of
            output oleh operasi bersama; dan                               the output by the joint operations; and
        •   beban, mencakup bagiannya atas setiap                      •   its expenses, including its share of any
            beban yang terjadi secara bersama-sama.                        expenses incurred jointly.

        Ketika entitas dalam Grup melakukan transaksi                  When a Group entity transacts with a joint
        dengan operasi bersama dimana Grup bertindak                   operation in which the Group is a joint operator
        sebagai salah satu operator bersamanya, Grup                   the Group is conducting the transaction with
        melakukan transaksi dengan pihak lain dalam                    the other parties to the joint operation and,
        operasi bersama dan, dengan demikian, Grup                     thus, gains or losses resulting from the
        mengakui keuntungan atau kerugian yang                         transactions are recognized in the Group’s
        dihasilkan dari transaksi tersebut dalam laporan               consolidated financial statements only to the
        keuangan      konsolidasian     hanya   sebatas                extent of other parties’ interests in the joint
        kepentingan para pihak lain dalam operator                     operation and recognizes its share of the gains
        bersama dan mengakui bagian keuntungan atau                    and losses only when it resells those assets to
        kerugiannya hanya jika Grup menjual kembali                    a third party.
        aset tersebut kepada pihak ketiga.

   n.   Tanah yang Belum Dikembangkan                            n.    Land for Development

        Tanah yang belum dikembangkan dinyatakan                       Land for development is stated at the lower of
        sebesar mana yang lebih rendah biaya                           cost and net realizable value. Net realizable
        perolehan dan nilai realisasi bersih. Nilai                    value is the estimated selling price less the
        realisasi bersih adalah estimasi harga jual                    estimated costs of completion and the
        dikurangi dengan estimasi biaya penyelesaian                   estimated costs necessary to make the sale.
        lainnya untuk siap dijual.

        Biaya     perolehan     tanah  yang    belum                   The cost of land for development consists of
        dikembangkan meliputi biaya praperolehan                       pre-acquisition and acquisition costs of
        dan perolehan tanah dipindahkan ke tanah yang                  the land, and other costs related to the
        sedang dikembangkan pada saat pematangan                       acquisition of land which are transferred to
        tanah telah dimulai atau dipindahkan ke                        land    under    development     when    the
        bangunan yang sedang dikonstruksi pada saat                    development of land has started.
        tanah tersebut siap dibangun.

   o.   Biaya Dibayar Dimuka                                     o.    Prepaid Expenses

        Biaya dibayar dimuka diamortisasi selama masa                  Prepaid expenses are amortized over their
        manfaat    masing-masing      biaya    dengan                  beneficial periods using the straight-line
        menggunakan metode garis lurus.                                method.




                                                        - 32 -
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PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


   p.   Properti Investasi                                       p.    Investment Properties
        Pemilikan Langsung                                             Direct Acquisition

        Properti investasi, kecuali tanah, diukur sebesar              Investment properties, except land, are
        biaya perolehan, termasuk biaya transaksi,                     measured at cost, including transaction costs,
        setelah dikurangi dengan akumulasi penyusutan                  less accumulated depreciation and any
        dan kerugian penurunan nilai, jika ada. Tanah                  impairment loss. Land is not depreciated and
        tidak disusutkan dan dinyatakan berdasarkan                    is stated at cost less any impairment in value,
        biaya perolehan dikurangi akumulasi rugi                       if any. The carrying amount includes the cost
        penurunan nilai, jika ada. Jumlah tercatat                     of replacing part of an existing investment
        termasuk biaya penggantian untuk bagian                        property at the time that cost is incurred if the
        tertentu dari properti investasi yang telah ada                recognition criteria are met; and excludes the
        pada saat beban terjadi, jika kriteria pengakuan               costs of day-to-day servicing of an investment
        terpenuhi, dan tidak termasuk biaya perawatan                  property.
        sehari-hari properti investasi.

        Properti    investasi disusutkan  dengan                       Investment properties are depreciated over its
        menggunakan metode garis lurus sepanjang                       estimated useful life of twenty (20) years using
        estimasi masa manfaatnya selama dua puluh                      the straight-line method.
        (20) tahun.

        Properti investasi dihentikan pengakuannya                     Investment properties are derecognized when
        (dikeluarkan dari laporan posisi keuangan                      either they have been disposed of or when the
        konsolidasian) pada saat pelepasan atau ketika                 investment properties are permanently
        properti investasi tersebut tidak digunakan lagi               withdrawn from use and no future economic
        secara permanen dan tidak memiliki manfaat                     benefit is expected from its disposal. Any
        ekonomis di masa depan yang dapat diharapkan                   gains or losses on the retirement or disposal
        pada saat pelepasannya. Keuntungan atau                        of an investment property are recognized in
        kerugian yang timbul dari penghentian atau                     profit or loss in the year of retirement or
        pelepasan properti investasi diakui dalam laba                 disposal.
        rugi dalam tahun terjadinya penghentian atau
        pelepasan tersebut.

        Transfer ke properti investasi dilakukan                       Transfers are made to investment properties
        jika, dan hanya jika, terdapat perubahan                       when, and only when, there is a change in use,
        penggunaan,       yang     ditunjukkan    dengan               evidenced by ending of owner-occupation,
        berakhirnya pemakaian oleh pemilik, dimulainya                 commencement of an operating lease to
        sewa operasi ke pihak lain atau berakhirnya                    another party or ending of construction or
        konstruksi atau pengembangan. Transfer dari                    development. Transfers are made from
        properti investasi dilakukan jika, dan hanya jika,             investment properties when, and only when,
        terdapat     perubahan      penggunaan,     yang               there is a change in use, evidenced by
        ditunjukkan dengan dimulainya penggunaan                       commencement of owner-occupation or
        oleh pemilik atau dimulainya pengembangan                      commencement of development with a view to
        untuk dijual.                                                  sale.

        Nilai residu, jika ada, umur manfaat, serta                    The asset’s residual values, useful lives and
        metode penyusutan dan amortisasi ditelaah                      depreciation and amortization methods are
        setiap akhir tahun dan dilakukan penyesuaian                   reviewed and adjusted if appropriate, at each
        apabila hasil telaah berbeda dengan estimasi                   financial year end.
        sebelumnya.




                                                        - 33 -
Page 346
PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


        Properti Investasi Dalam Pembangunan                          Construction in Progress

        Properti   investasi   dalam    pembangunan                   Constructions     in      progress    represent
        merupakan properti investasi dalam tahap                      investment properties under construction
        konstruksi, yang dinyatakan pada biaya                        which are stated at cost, and are not
        perolehan dan tidak disusutkan. Akumulasi                     depreciated. The accumulated costs are
        biaya akan direklasifikasi ke akun properti                   reclassified to the respective investment
        investasi yang bersangkutan dan akan                          properties account and are depreciated when
        disusutkan pada saat konstruksi selesai secara                the construction is substantially complete and
        substansial dan aset tersebut telah siap                      the asset is ready for its intended use.
        digunakan sesuai tujuannya.

   q.   Aset Tetap                                              q.    Property and Equipment

        Pemilikan Langsung                                            Direct Acquisition

        Aset   tetap,     kecuali    tanah,    dinyatakan             Property and equipment, except land, are
        berdasarkan biaya perolehan, tetapi tidak                     carried at cost, excluding day-to-day servicing,
        termasuk biaya perawatan sehari-hari, dikurangi               less accumulated depreciation and any
        akumulasi penyusutan dan akumulasi rugi                       impairment in value. Land is not depreciated
        penurunan nilai, jika ada. Tanah tidak disusutkan             and is stated at cost less any impairment in
        dan dinyatakan berdasarkan biaya perolehan                    value, if any.
        dikurangi akumulasi rugi penurunan nilai, jika
        ada.

        Biaya perolehan awal aset tetap meliputi harga                The initial cost of property and equipment
        perolehan, termasuk bea impor dan pajak                       consists of its purchase price, including import
        pembelian yang tidak boleh dikreditkan dan                    duties and taxes and any directly attributable
        biaya-biaya yang dapat diatribusikan secara                   costs in bringing the property and equipment
        langsung untuk membawa aset ke lokasi dan                     to its working condition and location for its
        kondisi yang diinginkan sesuai dengan tujuan                  intended use.
        penggunaan yang ditetapkan.

        Beban-beban yang timbul setelah aset tetap                    Expenditures incurred after the property and
        digunakan, seperti beban perbaikan dan                        equipment have been put into operations,
        pemeliharaan, dibebankan ke laba rugi pada                    such as repairs and maintenance costs, are
        saat terjadinya. Apabila beban-beban tersebut                 normally charged to operations in the year
        menimbulkan peningkatan manfaat ekonomis                      such costs are incurred. In situations where
        di masa datang dari penggunaan aset tetap                     it can be clearly demonstrated that the
        tersebut yang dapat melebihi kinerja normalnya,               expenditures have resulted in an increase in
        maka beban-beban tersebut dikapitalisasi                      the future economic benefits expected to be
        sebagai tambahan biaya perolehan aset tetap.                  obtained from the use of the property and
                                                                      equipment beyond its originally assessed
                                                                      standard of performance, the expenditures are
                                                                      capitalized    as   additional    costs    of
                                                                      property and equipment.




                                                       - 34 -
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PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


       Penyusutan dihitung berdasarkan metode garis                   Depreciation are computed on a straight-line
       lurus (straight-line method) selama masa                       basis over the property and equipment’s
       manfaat aset tetap atau jangka waktu sewa                      useful lives or term of the lease for leasehold
       untuk perbaikan ruangan, mana yang lebih                       improvements, whichever is shorter, as
       pendek, sebagai berikut:                                       follows:

                                         Tahun/Years           Persentase/
                                                               Percentage

       Bangunan dan prasarana                5 - 20             5% - 20%         Buildings and land improvements
       Perbaikan ruangan                     5 - 10            10% - 20%         Leasehold improvements
       Sarana gedung                           10                 10%            Building improvements
       Mesin dan peralatan                   4 - 10            10% - 25%         Machinery and equipment
       Prasarana golf                           5                 20%            Golf equipment
       Perlengkapan pusat kebugaran           4-8              13% - 25%         Fitness center equipment
       jasmani
       Kendaraan                              5-8              13% - 20%         Vehicles
       Peralatan kantor                       4-5              20% - 25%         Office equipment
       Perabot kantor                         4-5              20% - 25%         Office furniture and fixtures
       Peralatan kantin                       4-5              20% - 25%         Canteen equipment

       Nilai tercatat aset tetap ditelaah kembali dan                 The carrying values of property and equipment
       dilakukan penurunan nilai apabila terdapat                     are reviewed for impairment when events or
       peristiwa atau perubahan kondisi tertentu yang                 changes in circumstances indicate that the
       mengindikasikan nilai tercatat tersebut tidak                  carrying values may not be recoverable.
       dapat dipulihkan sepenuhnya.

       Dalam setiap inspeksi yang signifikan, biaya                   When each major inspection is performed, its
       inspeksi diakui dalam jumlah tercatat aset tetap               cost is recognized in the carrying amount of
       sebagai suatu penggantian apabila memenuhi                     the item of property and equipment as a
       kriteria pengakuan. Biaya inspeksi signifikan                  replacement if the recognition criteria are
       yang dikapitalisasi tersebut diamortisasi selama               satisfied. Such major inspection is capitalized
       periode sampai dengan saat inspeksi signifikan                 and amortized over the next major inspection
       berikutnya.                                                    activity.

       Jumlah     tercatat  aset  tetap  dihentikan                   An item of property and equipment is
       pengakuannya pada saat dilepaskan atau                         derecognized upon disposal or when no future
       tidak ada manfaat ekonomis masa depan                          economic benefits are expected from its use
       yang diharapkan dari penggunaan atau                           or disposal. Any gains or losses arising from
       pelepasannya. Keuntungan atau kerugian yang                    de-recognition of property and equipment are
       timbul dari penghentian pengakuan aset tetap                   included in profit or loss in the year the item is
       diakui dalam laba rugi pada tahun terjadinya                   derecognized.
       penghentian pengakuan.

       Nilai residu, umur manfaat, serta metode                       The asset’s residual values, useful lives and
       penyusutan ditelaah setiap akhir tahun dan                     depreciation methods are reviewed and
       dilakukan penyesuaian apabila hasil telaah                     adjusted if appropriate, at each financial year
       berbeda dengan estimasi sebelumnya.                            end.

       Aset Tetap Dalam Pembangunan                                   Construction in Progress

       Aset tetap dalam pembangunan merupakan aset                    Constructions in progress represent property
       tetap dalam tahap konstruksi, yang dinyatakan                  and equipment under construction which are
       pada biaya perolehan dan tidak disusutkan.                     stated at cost, and are not depreciated. The
       Akumulasi biaya akan direklasifikasi ke akun                   accumulated costs are reclassified to
       aset tetap yang bersangkutan dan akan                          the respective property and equipment
       disusutkan pada saat konstruksi selesai secara                 account and are depreciated when the
       substansial dan aset tersebut telah siap                       construction is substantially complete and the
       digunakan sesuai tujuannya.                                    asset is ready for its intended use.


                                                      - 35 -
Page 348
PT INTILAND DEVELOPMENT Tbk                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                            Otherwise Stated)


   r.   Goodwill                                              r.    Goodwill

        Goodwill diuji penurunan nilainya setiap tahun              Goodwill is tested annually for impairment and
        dan dicatat sebesar biaya perolehan dikurangi               carried at cost less accumulated impairment
        dengan akumulasi penurunan nilai. Keuntungan                losses. Impairment losses on goodwill are not
        atau kerugian yang diakui pada saat pelepasan               reversed. Gains and losses on the disposal of
        entitas anak harus memperhitungkan nilai                    an entity include the carrying amount of
        tercatat goodwill dari entitas anak yang dijual             goodwill relating to the entity sold.
        tersebut.

        Goodwill dialokasikan ke UPK untuk tujuan uji               Goodwill is allocated to CGU for the purpose
        penurunan nilai. Alokasi dilakukan ke UPK atau              of impairment testing. The allocation is made
        kelompok UPK yang diharapkan akan mendapat                  to those CGU or groups of CGU that are
        manfaat    dari    kombinasi     bisnis  yang               expected to benefit from the business
        menimbulkan goodwill tersebut.                              combination in which the goodwill arose.

   s.   Transaksi Sewa                                        s.    Lease Transactions

        Sewa jangka-pendek                                          Short-term leases

        Grup memutuskan untuk tidak mengakui aset                   The Group has elected not to recognize right-
        hak-guna dan liabilitas sewa untuk sewa jangka-             of-use assets and lease liabilities for short-
        pendek yang memiliki masa sewa 12 bulan atau                term leases that have a lease term of 12
        kurang. Grup mengakui pembayaran sewa atas                  months or less. The Group recognizes the
        sewa tersebut sebagai beban dengan dasar                    leases payments associated with these leases
        garis lurus selama masa sewa.                               as an expense on a straight-line basis over the
                                                                    lease term.

        Sebagai pesewa                                              As lessor

        Ketika Grup bertindak sebagai pesewa, Grup                  When the Group acts as a lessor, it shall
        mengklasifikasi masing-masing sewanya baik                  classify each of its leases as either an
        sewa operasi atau sewa pembiayaan.                          operating lease or a finance lease.

        Untuk mengklasifikasi masing-masing sewa,                   To classify each lease, the Group makes an
        Grup membuat penilaian secara keseluruhan                   overall assessment of whether the lease
        atas apakah sewa mengalihkan secara                         transfers substantially all of the risks and
        substansial seluruh risiko dan manfaat yang                 rewards incidental to ownership of the
        terkait dengan kepemilikan aset pendasar. Jika              underlying asset. If this is the case, then the
        penilaian membuktikan hal tersebut, maka sewa               lease is classified as a finance lease; if not,
        diklasifikasikan sebagai sewa pembiayaan; jika              then it is an operating lease. As part of this
        tidak maka, merupakan sewa operasi. Sebagai                 assessment, the Group considers certain
        bagian       dari    penilaian   ini,    Grup               indicators such as whether the lease term is
        mempertimbangkan beberapa indikator seperti                 for the major part of the economic life of the
        apakah masa sewa adalah sebagian besar dari                 asset.
        umur ekonomik aset pendasar.

   t.   Distribusi Dividen                                    t.    Dividend Distribution

        Distribusi dividen kepada pemegang saham                    Dividend distribution to the Group’s
        Grup diakui sebagai liabilitas dalam laporan                shareholders is recognized as a liability in the
        keuangan konsolidasian dalam periode saat                   consolidated financial statements in the period
        dividen tersebut disetujui oleh pemegang saham              in which the dividends are approved by the
        Grup.                                                       Group’s shareholders.




                                                     - 36 -
Page 349
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


   u.   Penurunan Nilai Aset Non-Keuangan                         u.    Impairment of Non-Financial Assets

        Pada setiap akhir periode pelaporan tahunan,                    The Group assesses at each annual reporting
        Grup menelaah apakah terdapat indikasi suatu                    period whether there is an indication that an
        aset mengalami penurunan nilai. Jika terdapat                   asset may be impaired. If any such indication
        indikasi tersebut atau pada saat uji tahunan                    exists, or when annual impairment testing for
        penurunan nilai aset perlu dilakukan, maka Grup                 an asset is required, the Group makes an
        membuat estimasi jumlah terpulihkan aset                        estimate of the asset’s recoverable amount.
        tersebut.

        Jika nilai tercatat aset lebih besar daripada nilai             Where the carrying amount of an asset
        terpulihkannya, maka aset tersebut dinyatakan                   exceeds its recoverable amount, the asset is
        mengalami penurunan nilai dan rugi penurunan                    considered impaired and impairment losses
        nilai diakui dalam laba rugi. Dalam menghitung                  are recognized in profit or loss. In assessing
        nilai pakai, estimasi arus kas masa depan bersih                the value in use, the estimated net future cash
        didiskontokan ke nilai kini dengan menggunakan                  flows are discounted to their present value
        tingkat     diskonto    sebelum      pajak   yang               using a pre-tax discount rate that reflects
        mencerminkan penilaian pasar kini dari nilai                    current market assessments of the time value
        waktu uang dan risiko spesifik atas aset.                       of money and the risks specific to the asset.

        Penelaahan dilakukan pada akhir setiap periode                  An assessment is made at each annual
        pelaporan tahunan untuk mengetahui apakah                       reporting period as to whether there is any
        terdapat indikasi bahwa rugi penurunan nilai aset               indication    that    previously    recognized
        yang telah diakui dalam periode sebelumnya                      impairment losses recognized for an asset
        mungkin tidak ada lagi atau mungkin telah                       may no longer exist or may have decreased. If
        menurun. Jika indikasi dimaksud ditemukan,                      such indication exists, the recoverable amount
        maka Grup mengestimasi jumlah terpulihkan                       is estimated. A previously recognized
        aset tersebut. Kerugian penurunan nilai yang                    impairment loss for an asset is reversed in
        diakui dalam periode sebelumnya akan                            profit or loss to the extent that the carrying
        dipulihkan apabila nilai tercatat aset tidak                    amount of the assets does not exceed its
        melebihi jumlah terpulihkannya maupun nilai                     recoverable amount nor exceed the carrying
        tercatat, neto setelah penyusutan, seandainya                   amount that would have been determined, net
        tidak ada rugi penurunan nilai yang telah diakui                of depreciation, had no impairment loss been
        untuk aset tersebut pada tahun-tahun                            recognized for the asset in prior years. After
        sebelumnya. Setelah pemulihan tersebut,                         such a reversal, the depreciation charge on
        penyusutan aset tersebut disesuaikan di periode                 the said asset is adjusted in future periods to
        mendatang untuk mengalokasikan nilai tercatat                   allocate the asset’s revised carrying amount,
        aset yang direvisi, dikurangi nilai sisanya,                    less any residual value, on a systematic basis
        dengan dasar yang sistematis selama sisa umur                   over its remaining useful life.
        manfaatnya.

   v.   Pengakuan Pendapatan dan Beban                            v.    Revenue and Expense Recognition

        Pengakuan Pendapatan                                            Revenue Recognition

        Pendapatan dari kontrak dengan pelangggan                       Revenue from contracts with customers

        Grup menerapkan PSAK No. 115 yang                               The Group has applied PSAK No. 115, which
        mensyaratkan pengakuan pendapatan harus                         requires revenue recognition to fulfill 5 steps
        memenuhi 5 langkah analisa sebagai berikut:                     of assessment:

        1. Identifikasi kontrak dengan pelanggan.                       1. Identify contract(s) with a customer.

        2. Identifikasi kewajiban pelaksanaan dalam                     2. Identify the performance obligations in the
           kontrak. Kewajiban pelaksanaan merupakan                        contract. Performance obligations are
           janji-janji dalam kontrak untuk menyerahkan                     promises in a contract to transfer to a
           barang atau jasa yang memiliki karakteristik                    customer goods or services that are
           berbeda ke pelanggan.                                           distinct.




                                                         - 37 -
Page 350
PT INTILAND DEVELOPMENT Tbk                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                        Otherwise Stated)


       3. Penetapan harga transaksi. Harga transaksi            3. Determine      the     transaction     price.
          merupakan jumlah imbalan yang berhak                     Transaction price is the amount of
          diperoleh suatu entitas sebagai kompensasi               consideration to which an entity expects to
          atas diserahkannya barang atau jasa yang                 be entitled in exchange for transferring
          dijanjikan ke pelanggan. Jika imbalan yang               promised goods or services to a customer.
          dijanjikan di kontrak mengandung suatu                   If the consideration promised in a contract
          jumlah yang bersifat variabel, maka Grup                 includes a variable amount, the Group
          membuat estimasi jumlah imbalan tersebut                 estimates the amount of consideration to
          sebesar jumlah yang diharapkan berhak                    which it expects to be entitled in exchange
          diterima atas diserahkannya barang atau                  for transferring the promised goods or
          jasa yang dijanjikan ke pelanggan dikurangi              services to a customer less the estimated
          dengan estimasi jumlah jaminan kinerja jasa              amount of service level guarantee which
          yang akan dibayarkan selama periode                      will be paid during the contract period.
          kontrak.

       4. Alokasi harga transaksi ke setiap kewajiban           4. Allocate the transaction price to each
          pelaksanaan dengan menggunakan dasar                     performance obligation on the basis of the
          harga jual berdiri sendiri relatif dari setiap           relative stand-alone selling prices of each
          barang atau jasa berbeda yang dijanjikan di              distinct goods or services promised in the
          kontrak. Ketika tidak dapat diamati secara               contract. When these are not directly
          langsung, harga jual berdiri sendiri relatif             observable, the relative stand- alone
          diperkirakan berdasarkan biaya yang                      selling price are estimated based on
          diharapkan ditambah marjin.                              expected cost plus margin.

       5. Pengakuan pendapatan ketika kewajiban                 5. Recognize revenue when performance
          pelaksanaan      telah   dipenuhi    dengan              obligation is satisfied by transferring a
          menyerahkan barang atau jasa yang                        promised goods or services to a customer
          dijanjikan ke pelanggan (ketika pelanggan                (which is when the customer obtains
          telah memiliki pengendalian atas barang atau             control of that goods or services).
          jasa tersebut).

       Kewajiban pelaksanaan dapat dipenuhi dengan              A performance obligation may be satisfied
       2 cara, yakni:                                           at the following:

       a. Suatu titik waktu (umumnya janji untuk                a. A point in time (typically for promises to
          menyerahkan barang ke pelanggan); atau                   transfer goods to a customer); or

       b. Suatu periode waktu (umumnya janji untuk              b. Over time (typically for promises to
          menyerahkan jasa ke pelanggan). Untuk                    transfer services to a customer). For a
          kewajiban pelaksanaan yang dipenuhi dalam                performance obligation satisfied over time,
          suatu periode waktu, Grup memilih ukuran                 the Group selects an appropriate measure
          penyelesaian yang sesuai untuk penentuan                 of progress to determine the amount of
          jumlah pendapatan yang harus diakui karena               revenue that should be recognized as the
          telah terpenuhinya kewajiban pelaksanaan.                performance obligation is satisfied.

       Pembayaran harga transaksi berbeda untuk                 Payment of the transaction price is different
       setiap kontrak. Aset kontrak diakui ketika jumlah        for each contract. A contract asset              is
       penerimaan dari pelanggan kurang dari saldo              recognized once the consideration paid by
       kewajiban pelaksanaan yang telah dipenuhi.               customer is less than        the   balance of
       Kewajiban kontrak diakui ketika jumlah                   performance        obligation which has been
       penerimaan dari pelanggan lebih dari saldo               satisfied. A contract liability is recognized
       kewajiban pelaksanaan yang telah dipenuhi.               once the consideration paid by customer is
       Liabilitas kontrak disajikan dalam "Liabilitas           more than the balance of performance
       kontrak” pada laporan posisi keuangan                    obligation which has been satisfied. Contract
       konsolidasian.                                           liabilities are presented as "Contract liabilities”
                                                                in the consolidated statements of financial
                                                                position.




                                                      - 38 -
Page 351
PT INTILAND DEVELOPMENT Tbk                                             PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
31 Desember 2025 dan 2024                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                     (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                       Otherwise Stated)


       Kewajiban Grup terhadap kontrak dengan                  The obligation of the Group from the contracts
       pelanggan sehubungan dengan pendapatan                  with customers relating to below revenues are
       dibawah ini ditentukan sebagai kewajiban                determined to be single performance
       pelaksanaan tunggal yang dipenuhi pada suatu            obligations which are satisfied at a point in
       titik waktu:                                            time:

       •   Pendapatan dari penjualan persediaan real           •   Revenues from sale of real estate
           estat diakui pada saat unit real estat                  inventories are recognized when the real
           diserahkan kepada pelanggan.                            estate units are delivered to the customer.

       •   Pendapatan jasa pelayanan diakui pada saat          •   Service revenues are recognized when
           jasa diberikan.                                         services are rendered.

       •   Pendapatan kamar hotel diakui berdasarkan           •   Hotel room revenues are recognized
           tingkat hunian, sementara pendapatan hotel              based on actual room occupancy, while
           lainnya diakui pada saat barang atau jasa               other hotel revenues are recognized when
           telah diberikan kepada pelanggan.                       goods are delivered or when services are
                                                                   rendered to hotel guests.

       •   Pendapatan dari iuran keanggotaan klub              •   Club membership revenue is recognized
           diakui sesuai dengan periode keanggotaan.               based on the membership period.

       Pendapatan sewa diakui dengan metode garis              Rental revenue is recognized on a straight line
       lurus   (straight-line method) berdasarkan              basis over the term of the lease contract.
       berlalunya waktu.

       Pendapatan bunga dari instrumen keuangan                Interest income for all financial instruments
       diakui dalam laba rugi secara akrual                    are recognized in profit or loss on accrual
       menggunakan metode suku bunga efektif.                  basis using the effective interest rate method.

       Pengakuan Beban                                         Expense Recognition

       Biaya penambahan yang         secara langsung           The incremental costs that directly relate to
       berhubungan untuk mendapatkan kontrak                   obtaining a contract (“cost to obtain”) and are
       ("biaya untuk memperoleh") dan diharapkan               expected to be recovered are eligible for
       dapat dipulihkan, biaya tersebut dengan                 capitalization under PSAK No. 115 and
       demikian     memenuhi      syarat   kapitalisasi        included as part of “Prepaid expenses”. Such
       berdasarkan PSAK No. 115 dan dicatat sebagai            costs are recognized in profit or loss upon
       bagian dari akun “Biaya dibayar dimuka”. Beban          transfer of the goods or services to which such
       tersebut diakui pada laba rugi pada saat                asset relates.
       penyerahan barang atau jasa yang terkait
       dengan aset tersebut.

       Beban pokok penjualan diakui pada saat                  Cost of sales are recognized when incurred
       terjadinya (metode akrual). Termasuk didalam            (accrual method). Cost of sales includes
       beban pokok penjualan adalah taksiran beban             estimated costs for future development of
       untuk pengembangan prasarana di masa yang               amenities on land that is already sold.
       akan datang atas tanah yang telah terjual.

       Beban bunga dari instrumen keuangan diakui              Interest expense for all financial instruments
       dalam laba rugi secara akrual menggunakan               are recognized in profit or loss in accrual basis
       metode suku bunga efektif.                              using the effective interest method.

       Beban diakui pada saat terjadinya, kecuali biaya        Expenses are recognized when they are
       pinjaman      yang    memenuhi       persyaratan        incurred, except for certain borrowing costs
       kapitalisasi sebagai bagian dari biaya perolehan        that qualify for capitalization as part of cost of
       aset kualifikasian.                                     a qualifying asset.




                                                     - 39 -
Page 352
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


   w. Biaya Pinjaman                                           w. Borrowing Costs

        Biaya pinjaman yang dapat diatribusikan secara               Borrowing costs which are directly attributable
        langsung dengan perolehan, konstruksi, atau                  to the acquisition, construction, or production
        pembuatan aset kualifikasian dikapitalisasi                  of qualifying assets are capitalized as part of
        sebagai bagian dari biaya perolehan aset                     the acquisition cost of the qualifying assets.
        tersebut. Biaya pinjaman lainnya diakui sebagai              Other borrowing costs are recognized as
        beban pada saat terjadinya.                                  expenses in the period in which they are
                                                                     incurred.

        Jika Grup meminjam dana secara khusus untuk                  To the extent that the Group borrows funds
        tujuan memperoleh aset kualifikasian, maka                   specifically for the purpose of obtaining a
        entitas menentukan jumlah biaya pinjaman yang                qualifying asset, the entity determines the
        layak dikapitalisasikan sebesar biaya pinjaman               amount of borrowing costs eligible for
        aktual yang terjadi selama tahun berjalan                    capitalization as the actual borrowing costs
        dikurangi penghasilan investasi atas investasi               incurred on that borrowing during the year less
        sementara dari pinjaman tersebut.                            any investment income on the temporary
                                                                     investment of those borrowings.

        Jika pengembangan aktif atas aset kualifikasian              The Group suspends capitalization of
        dihentikan, Grup menghentikan kapitalisasi                   borrowing costs during extended periods in
        biaya    pinjaman    selama   periode     yang               which it suspends active development of a
        diperpanjang tersebut.                                       qualifying asset.

        Kapitalisasi biaya pinjaman dihentikan saat                  The Groups ceases capitalizing borrowing
        selesainya secara subtansi seluruh aktivitas                 costs when substantially all the activities
        yang diperlukan untuk mempersiapkan aset                     necessary to prepare the qualifying asset for
        kualifikasian agar dapat digunakan atau dijual               its intended use or sale are complete.
        sesuai dengan maksudnya.

   x.   Imbalan Kerja                                          x.    Employee Benefits

        Liabilitas Imbalan Kerja Jangka Pendek                       Short-term Employee Benefits Liability

        Imbalan kerja jangka pendek diakui sebesar                   Short-term employee benefits are recognized
        jumlah yang tak-terdiskonto sebagai liabilitas               at its undiscounted amount as a liability after
        pada laporan posisi keuangan konsolidasian                   deducting any amount already paid in the
        setelah dikurangi dengan jumlah yang telah                   consolidated statement of financial position
        dibayar dan sebagai beban dalam laba rugi.                   and as an expense in profit or loss.

        Liabilitas Imbalan Kerja Jangka Panjang                      Long-term Employee Benefits Liability

        Liabilitas imbalan kerja jangka panjang                      Long-term      employee       benefits   liability
        merupakan imbalan pasca-kerja manfaat pasti                  represents      post-employment         benefits,
        yang dibentuk tanpa pendanaan khusus dan                     unfunded     defined-benefit plans         which
        didasarkan pada masa kerja dan jumlah                        amounts are determined based on years of
        penghasilan karyawan saat pensiun yang                       service and salaries of the employees at the
        dihitung menggunakan metode Projected Unit                   time of pension and calculated using the
        Credit. Pengukuran kembali liabilitas imbalan                Projected Unit Credit. Remeasurement is
        pasti langsung diakui dalam laporan posisi                   reflected immediately in the consolidated
        keuangan konsolidasian dan penghasilan                       statement of financial position with a charge or
        komprehensif lain pada periode terjadinya dan                credit recognized in other comprehensive
        tidak akan direklasifikasi ke laba rugi, namun               income in the period in which they occur and
        menjadi bagian dari saldo laba. Biaya liabilitas             not to be reclassified to profit or loss but
        imbalan pasti lainnya terkait dengan program                 reflected immediately in retained earnings. All
        imbalan pasti diakui dalam laba rugi.                        other costs related to the defined-benefit plan
                                                                     are recognized in profit or loss.




                                                      - 40 -
Page 353
PT INTILAND DEVELOPMENT Tbk                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                            Otherwise Stated)


        Pada tanggal 2 Februari 2021, Pemerintah                    On February 2, 2021, the Government
        mengundangkan dan memberlakukan Peraturan                   promulgated Government Regulation Number
        Pemerintah Nomor 35 Tahun 2021 (PP 35/2021)                 35 Year 2021 (PP 35/2021) to implement the
        untuk melaksanakan ketentuan Pasal 81 dan                   provisions of Article 81 and Article 185 (b) of
        Pasal 185 (b) UU No. 11/2020 mengenai Cipta                 Law no. 11/2020 concerning Job Creation
        Kerja yang bertujuan untuk menciptakan                      (Cipta Kerja), which aims to create the widest
        lapangan kerja yang seluas-luasnya.                         possible employment opportunities.

        Presiden Republik Indonesia telah menetapkan                The President of the Republic of Indonesia
        Peraturan Pemerintah Pengganti Undang-                      has issued Government Regulation in Lieu of
        Undang No. 2 Tahun 2022 tentang Cipta Kerja                 Law No. 2 of 2022 concerning Job Creation
        (Perppu Cipta Kerja 2/2022) pada tanggal                    (Perppu Cipta Kerja 2/2022) on December 30,
        30    Desember     2022    yang    merupakan                2022 which is the implementation of the
        pelaksanaan dari Putusan MK Nomor 91/PUU-                   Constitutional Court Decision Number
        XVIII/2020. Dengan berlakunya Perppu ini, UU                91/PUU-XVIII/2020. With the enactment of
        No.11/2020 tentang Cipta Kerja dicabut dan                  this Perppu, Law No.11/2020 concerning Job
        dinyatakan tidak berlaku. Perppu Cipta Kerja                Creation is repealed and declared invalid.
        2/2022 telah ditetapkan menjadi Undang-                     Perppu Cipta Kerja 2/2022 has been enacted
        Undang pada tanggal 31 Maret 2023                           into law on March 31, 2023, based on Law
        berdasarkan Undang-Undang No. 6 Tahun                       No. 6 of 2023.
        2023.

        Grup juga mengikutsertakan karyawannya                      The Group engaged its employees in a
        dalam program Dana Pensiun Lembaga                          pension plan program DPLK Manulife.
        Keuangan (DPLK) Manulife. Manfaat iuran pasti               Defined-contribution plans benefits are
        ditentukan berdasarkan akumulasi iuran dan                  determined      based     on     accumulated
        hasil pengembangan investasi.                               contributions and returns on investments.

   y.   Pajak Penghasilan                                     y.    Income Tax

        Pajak Kini                                                  Current Tax

        Pajak kini ditentukan berdasarkan laba kena                 Current tax expense is determined based on
        pajak dalam tahun yang bersangkutan yang                    the taxable income for the year computed
        dihitung berdasarkan tarif pajak yang berlaku.              using prevailing tax rates.

        Pajak Tangguhan                                             Deferred Tax

        Pajak tangguhan diakui sebagai liabilitas jika              Deferred tax is provided using the liability
        terdapat perbedaan temporer kena pajak yang                 method on temporary differences between the
        timbul dari perbedaan antara dasar pengenaan                tax bases of assets and liabilities and their
        pajak aset dan liabilitas dengan jumlah                     carrying amounts for financial reporting
        tercatatnya pada tanggal pelaporan.                         purposes at the reporting date.

        Aset pajak tangguhan diakui untuk seluruh                   Deferred tax assets are recognized for all
        perbedaan temporer yang dapat dikurangkan                   deductible temporary differences and the
        dan rugi fiskal yang dapat dikompensasikan.                 carry forward benefit of any unused tax losses.
        Aset pajak tangguhan diakui dan direviu pada                Deferred tax assets are recognized and
        setiap tanggal pelaporan atau diturunkan jumlah             reviewed at each reporting date and reduced
        tercatatnya, sepanjang kemungkinan besar laba               to the extent that it is probable that taxable
        kena pajak tersedia untuk pemanfaatan                       profit will be available against which the
        perbedaan temporer yang dapat dikurangkan                   deductible temporary differences and the
        dan rugi fiskal yang dapat dikompensasikan.                 carry forward benefit of unused tax losses can
                                                                    be utilized.




                                                     - 41 -
Page 354
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


        Aset dan liabilitas pajak tangguhan diukur                   Deferred tax assets and liabilities are
        dengan menggunakan tarif pajak yang                          measured at the tax rates that are expected to
        diharapkan berlaku ketika aset dipulihkan atau               apply in the year when the asset is realized or
        liabilitas diselesaikan, berdasarkan tarif pajak             the liability is settled, based on tax rates (or tax
        (atau peraturan pajak) yang telah berlaku atau               laws) that have been enacted or substantively
        secara substantif telah berlaku pada tanggal                 enacted at the reporting date.
        pelaporan.

        Aset pajak tangguhan dan liabilitas pajak                    Deferred tax assets and deferred tax liabilities
        tangguhan saling hapus jika dan hanya jika,                  are offset if and only if, a legally enforceable
        terdapat hak yang dipaksakan secara hukum                    right exists to set off current tax assets against
        untuk melakukan saling hapus aset pajak kini                 current tax liabilities and the deferred taxes
        terhadap liabilitas pajak kini dan pajak                     relate to the same taxable entity and the same
        tangguhan tersebut terkait dengan entitas kena               taxation authority.
        pajak yang sama dan dikenakan oleh otoritas
        perpajakan yang sama.

   z.   Laba Per Saham                                         z.    Earnings Per Share

        Laba per saham dasar dihitung dengan                         Basic earnings per share are computed by
        membagi laba bersih yang dapat diatribusikan                 dividing the profit attributable to owners of the
        kepada pemilik entitas induk dengan jumlah rata-             parent company by the weighted average
        rata tertimbang saham yang beredar pada tahun                number of shares outstanding during the year.
        yang bersangkutan.

   aa. Segmen Operasi                                          aa. Operating Segment

        Segmen operasi disusun sesuai dengan                         Operating segment is prepared using the
        kebijakan akuntansi yang dianut dalam                        accounting policies adopted for preparing and
        penyusunan dan penyajian laporan keuangan                    presenting   the     consolidated    financial
        konsolidasian.                                               statements.

        Segmen operasi diidentifikasi berdasarkan                    Operating segments are identified on the
        laporan internal komponen-komponen Grup                      basis of internal reports about components of
        yang secara berkala dilaporkan kepada                        the Group that are regularly reviewed by the
        pengambil keputusan operasional dalam rangka                 chief operating decision maker in order to
        alokasi sumber daya ke dalam segmen dan                      allocate resources to the segments and to
        penilaian kinerja Grup.                                      assess their performances.

   bb. Provisi                                                 bb. Provisions

        Provisi diakui jika Grup mempunyai kewajiban                 Provisions are recognized when the Group
        kini (hukum maupun konstruktif) sebagai akibat               has present obligation (legal or constructive)
        peristiwa masa lalu, yang memungkinkan Grup                  as a result of a past event, it is probable that
        harus menyelesaikan kewajiban tersebut dan                   the Group will be required to settle the
        estimasi yang andal mengenai jumlah kewajiban                obligation, and a reliable estimate can be
        tersebut dapat dibuat.                                       made of the amount of the obligation.

        Jumlah yang diakui sebagai provisi adalah                    The amount recognized as a provision is
        hasil estimasi terbaik pengeluaran yang                      the best estimate of the consideration required
        diperlukan untuk menyelesaikan kewajiban                     to settle the obligation at the reporting date,
        kini    pada    tanggal     pelaporan, dengan                taking into account the risks and uncertainties
        mempertimbangkan risiko dan ketidakpastian                   surrounding the obligation.
        terkait kewajiban tersebut.




                                                      - 42 -
Page 355
PT INTILAND DEVELOPMENT Tbk                                                           PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                   (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                     Otherwise Stated)


     cc. Peristiwa setelah Periode Pelaporan                           cc. Events after the Reporting Period

          Peristiwa-peristiwa yang terjadi setelah periode                   Post year-end events that provide additional
          pelaporan yang menyediakan tambahan                                information about the consolidated statement
          informasi     mengenai      posisi     keuangan                    of financial position at the reporting date
          konsolidasian Grup pada tanggal laporan posisi                     (adjusting events), if any, are reflected in
          keuangan konsolidasian (peristiwa penyesuai),                      the consolidated financial statements. Post
          jika ada, telah tercermin dalam laporan                            year-end events that are not adjusting events
          keuangan konsolidasian. Peristiwa-peristiwa                        are disclosed in the notes to consolidated
          yang terjadi setelah periode pelaporan yang                        financial statements when material.
          tidak memerlukan penyesuaian (peristiwa
          non-penyesuai), apabila jumlahnya material,
          telah diungkapkan dalam laporan keuangan
          konsolidasian.


3.   Penggunaan Estimasi, Pertimbangan dan Asumsi                 3.   Management Use of Estimates, Judgments and
     Manajemen                                                         Assumptions

     Dalam penerapan kebijakan akuntansi Grup, pada                    In the application of the Group’s accounting
     laporan keuangan konsolidasian manajemen harus                    policies to the consolidated financial statements,
     membuat estimasi, pertimbangan dan asumsi atas                    management is required to make estimates,
     nilai tercatat aset dan liabilitas yang tidak tersedia            judgments and assumptions about the carrying
     oleh sumber-sumber lain. Estimasi dan asumsi                      amounts of assets and liabilities that are not readily
     tersebut, berdasarkan pengalaman historis dan faktor              apparent from other sources. The estimates and
     lain yang dipertimbangkan relevan.                                assumptions are based on historical experience
                                                                       and other factors that are considered to be
                                                                       relevant.

     Manajemen berkeyakinan bahwa pengungkapan                         Management believes that the following represent
     berikut   telah   mencakup      ikhtisar  estimasi,               a summary of the significant estimates, judgments,
     pertimbangan dan asumsi signifikan yang dibuat oleh               and assumptions made that affected certain
     manajemen, yang berpengaruh terhadap jumlah-                      reported amounts and disclosures in the
     jumlah yang dilaporkan serta pengungkapan dalam                   consolidated financial statements.
     laporan keuangan konsolidasian.

     Pertimbangan                                                      Judgments

     Pertimbangan-pertimbangan berikut dibuat oleh                     The following judgments are made by
     manajemen dalam proses penerapan kebijakan                        management in the process of applying the
     akuntansi Grup yang memiliki dampak yang paling                   Group’s accounting policies that have the most
     signifikan terhadap jumlah-jumlah yang diakui dalam               significant effects on the amounts recognized in the
     laporan keuangan konsolidasian:                                   consolidated financial statements:

     a.    Pengendalian Bersama pada Pengendalian                      a.    Joint Control in Joint Arrangements
           Bersama Entitas

           Pengendalian bersama atas suatu aktivitas                         Joint control over an economic activity exists
           ekonomi terjadi jika keputusan keuangan dan                       only when the strategic financial and
           operasional strategis terkait dengan aktivitas                    operating decisions relating to the activity
           tersebut mensyaratkan konsensus dari seluruh                      require uninanimous consent of the parties
           pihak yang berbagi pengendalian. Manajemen                        sharing control. The Group’s management
           Grup      menentukan       bahwa     terdapat                     determined that it has joint control over
           pengendalian bersama atas Badan Kerjasama                         Badan Kerjasama Graha Pratama (BKGP),
           Graha Pratama (BKGP), Badan Kerjasama                             Badan Kerjasama Mutiara Buana (BKMB),
           Mutiara       Buana         (BKMB),       dan                     and PT Graha Abdael Sukses since the
           PT Graha Abdael Sukses karena keputusan                           decisions on economic activities of these
           terkait akvititas ekonomi entitas-entitas                         entities are made jointly by the venturers.
           tersebut dibuat oleh pihak-pihak yang berbagi
           pengendalian.

                                                         - 43 -
Page 356
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


    b.   Konsolidasi Entitas dengan          Hak    Suara         b.    Consolidation of Entities in        which    the
         Perusahaan di Bawah 50%                                        Company Holds Below 50%

         Manajemen menentukan bahwa Perusahaan                          Management considers that the Company
         mengendalikan PT Raharja Mitra Familia                         controls PT Raharja Mitra Familia (RMF) and
         (RMF) dan PT Melati Anugerah Semesta                           PT Melati Anugerah Semesta (MAS) although
         (MAS) walaupun kepemilikannya di RMF dan                       its ownership in RMF and MAS is below 50%
         MAS di bawah 50% karena Perusahaan                             since it has the power to govern the operating
         memiliki wewenang untuk mengatur kebijakan                     and financial policies of RMF and MAS.
         operasi dan keuangan RMF dan MAS.

    c.   Klasifikasi Aset    Keuangan      dan   Liabilitas       c.    Classification of Financial       Assets    and
         Keuangan                                                       Financial Liabilities

         Grup menentukan klasifikasi aset dan liabilitas                The Group determines the classifications of
         tertentu sebagai aset keuangan dan liabilitas                  certain assets and liabilities as financial
         keuangan dengan menilai apakah aset dan                        assets and liabilities by judging if they meet
         liabilitas tersebut memenuhi kriteria yang                     the definition set forth in PSAK No. 109,
         ditetapkan dalam PSAK No. 109, Instrumen                       Financial Instruments. Accordingly, the
         Keuangan. Aset keuangan dan liabilitas                         financial assets and liabilities are accounted
         keuangan dicatat sesuai dengan kebijakan                       for in accordance with the Group’s accounting
         akuntansi Grup sebagaimana diungkapkan                         policies disclosed in Note 2.
         dalam Catatan 2.

    d.   Aset Keuangan yang Tidak Memiliki Kuotasi                d.    Financial Assets Not Quoted in Active Market
         Harga di Pasar Aktif

         Grup mengukur seluruh aset keuangan berupa                     The Group measures all investments in equity
         investasi dalam instrumen ekuitas pada nilai                   securities at fair value. However, in limited
         wajarnya. Akan tetapi, pada keadaan terbatas,                  circumstances cost may be an appropriate
         biaya perolehan dapat merupakan estimasi                       estimate of fair value. That may be the case if
         nilai wajar yang tepat. Hal tersebut dapat terjadi             insufficient more recent information is
         jika informasi yang terkini tidak tersedia untuk               available to measure fair value, or if there is a
         mengukur nilai wajar, atau terdapat rentang                    wide range of possible fair value
         kemungkinan yang cukup besar atas nilai                        measurements and cost represents the best
         wajar, dimana biaya perolehan yang                             estimate of fair value within that range.
         merupakan estimasi terbaik nilai wajar berada
         dalam rentang tersebut.

         Pada tanggal 31 Desember 2025 dan 2024,                        As of December 31, 2025 and 2024, the
         manajemen      Grup    memutuskan     untuk                    Group management decided to measure the
         mengukur investasi dalam instrumen ekuitas                     investments in equity securities at fair value
         pada nilai wajar melalui penghasilan                           through other comprehensive income as
         komprehensif lain yang diungkapkan dalam                       disclosed in Note 5 at cost, because current
         Catatan 5 pada biaya perolehan, karena                         information is not available to measure the fair
         informasi yang terkini tidak tersedia untuk                    values.
         mengukur nilai wajarnya.




                                                         - 44 -
Page 357
PT INTILAND DEVELOPMENT Tbk                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                 Otherwise Stated)


    e.   Cadangan Kerugian Penurunan Nilai                         e.     Allowance for Impairment

         Pada setiap tanggal laporan posisi keuangan                      At each consolidation statement of financial
         konsolidasian, Grup menilai apakah risiko                        position reporting date, the Group assesses
         kredit atas instrumen keuangan selain piutang                    whether the credit risk of a financial
         usaha telah meningkat secara signifikan sejak                    instrument other than trade receivables has
         pengakuan awal. Ketika melakukan penilaian                       increased       significantly    since     initial
         tersebut, Grup mempertimbangkan perubahan                        recognition. When making the assessment,
         risiko gagal bayar yang terjadi selama umur                      the Group uses the change in the risk of a
         instrumen keuangan. Dalam melakukan                              default over the expected life of the financial
         penilaian tersebut, Grup membandingkan                           instrument. To make that assessment, the
         risiko gagal bayar yang terjadi pada tanggal                     Group compares the risk of a default occurring
         pelaporan dengan risiko gagal bayar pada saat                    on the financial instrument as at the reporting
         pengakuan awal, serta mempertimbangkan                           date with the risk of a default occurring on the
         informasi, termasuk informasi masa lalu,                         financial instrument as at the date of initial
         kondisi saat ini, dan informasi bersifat                         recognition and consider reasonable and
         perkiraan masa depan (forward-looking), yang                     supportable information, including that which
         wajar dan terdukung yang tersedia tanpa biaya                    is forward-looking, that is available without
         atau upaya berlebihan.                                           undue cost or effort.

         Grup mengukur cadangan kerugian sepanjang                        The Group measures the loss allowance for a
         umurnya, jika risiko kredit atas instrumen                       financial instrument at an amount equal to the
         keuangan tersebut telah meningkat secara                         lifetime expected credit losses if the credit risk
         signifikan sejak pengakuan awal, jika tidak,                     on that financial instrument has increased
         maka Grup mengukur cadangan kerugian                             significantly    since     initial   recognition,
         untuk instrumen keuangan tersebut sejumlah                       otherwise, the Group measures the loss
         kerugian kredit ekspektasian 12 bulan.                           allowance for that financial instrument at an
         Suatu evaluasi yang bertujuan untuk                              amount equal to 12-month expected credit
         mengidentifikasi jumlah cadangan kerugian                        losses. Evaluation of financial assets to
         ekspektasian yang harus dibentuk, dilakukan                      determine the allowance for expected loss to
         secara berkala pada setiap periode pelaporan.                    be provided is performed periodically in each
         Oleh karena itu, saat dan besaran jumlah                         reporting period. Therefore, the timing and
         cadangan kerugian ekspektasian yang tercatat                     amount of allowance for expected credit loss
         pada setiap periode dapat berbeda tergantung                     recorded at each period might differ based on
         pada pertimbangan atas informasi yang                            the judgments and estimates that are
         tersedia atau berlaku pada saat itu.                             available or valid at each period.

         Nilai tercatat aset keuangan Grup yang diukur                    The carrying values of the Group’s financial
         pada biaya perolehan diamortisasi pada                           assets at amortized cost as of December 31,
         tanggal 31 Desember 2025 dan 2024 adalah                         2025 and 2024 follows:
         sebagai berikut:

                                                    2025                     2024

          Kas dan setara kas                    944.374.405.854          752.320.105.532    Cash and cash equivalents
          Piutang usaha                         156.370.463.966          171.677.410.061    Trade accounts receivable
          Piutang lain-lain                      16.989.931.501            9.260.434.808    Other accounts receivable
          Kas dan deposito yang                                                             Restricted cash and
             dibatasi penggunaannya             324.993.664.168          350.235.472.680       time deposits
          Piutang pihak berelasi non - usaha        601.000.000                        -    Due from related parties
          Jaminan                                 1.437.872.762            1.446.523.511    Deposits

          Jumlah                               1.444.767.338.251        1.284.939.946.592   Total




                                                     - 45 -
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PT INTILAND DEVELOPMENT Tbk                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                            Otherwise Stated)


    f.   Sewa                                                 f.    Leases

         Grup Sebagai Pesewa                                        Group as Lessor

         Grup     telah   menandatangani   sejumlah                 The Group has entered into various
         perjanjian sewa ruangan. Grup menentukan                   commercial lease agreements. The Group
         bahwa sewa tersebut adalah sewa operasi                    has determined that these are operating
         karena Grup menanggung secara signifikan                   leases since the Group bears substantially all
         seluruh risiko dan manfaat dari kepemilikan                the significant risks and rewards of ownership
         aset-aset tersebut.                                        of the related assets.

    g.   Komponen Pendanaan Signifikan                        g.    Significant Financing Component

         Grup telah menetapkan bahwa kontrak dengan                 The Group has determined that the contracts
         pelanggan atas penjualan persediaan real                   with customers for sale of real estate
         estat memiliki komponen pendanaan yang                     inventories    have      significant   financing
         signifikan mengingat jangka waktu antara                   component considering the period between
         pembayaran uang muka penjualan oleh                        the customer’s payment of sales advance and
         pelanggan dan waktu pengalihan kendali atas                the time of the transfer of control over the real
         persediaan real estat, yang mana lebih dari                estate inventories, which is more than one
         satu tahun. Dalam menentukan tingkat bunga                 year. In determining the interest to be applied
         yang akan diterapkan pada jumlah imbalan,                  to the amount of consideration, the Group
         Grup menyimpulkan bahwa tingkat suku bunga                 concluded that the interest rate is the average
         adalah tingkat bunga rata-rata pinjaman jangka             interest rate on the Group’s long-term
         panjang Grup yang disesuaikan dengan selisih               borrowings adjusted with credit spread to
         tingkat    hasil   (credit    spread)    untuk             reflect the customer credit risk that is
         mencerminkan risiko kredit pelanggan yang                  commensurate with the rate that would be
         sebanding dengan tingkat bunga yang                        reflected in a separate financing transaction
         tercermin dalam transaksi terpisah yang                    between Group and the customer at contract
         mengandung komponen pendanaan antara                       inception.
         Grup dan pelanggan pada awal kontrak.

    h.   Saat Pengakuan Pendapatan                            h.    Timing of Revenue

         Grup mengakui pendapatan dari kontrak                      The Group recognizes revenue from contracts
         dengan pelanggan pada suatu periode waktu                  with customers over time or at a point in time
         atau pada suatu titik waktu tergantung pada                depending on management evaluation of
         evaluasi manajemen ketika pelanggan                        when the customer obtains control of the
         memperoleh kendali atas barang atau jasa                   promised goods or services and based on the
         yang dijanjikan dan berdasarkan tingkat                    extent of progress towards completion of the
         kemajuan dalam penyelesaian kewajiban                      performance obligation. The Group has
         pelaksanaan. Grup menetapkan bahwa                         determined that revenues from sale of real
         pendapatan dari penjualan persediaan real                  estate inventories are to be recognized at a
         estate diakui pada suatu titik waktu karena                point in time because control of the promised
         kendali atas barang yang dijanjikan dialihkan              goods is transferred to the customers at a
         kepada pelanggan pada suatu titik waktu                    point in time.
         tertentu.




                                                     - 46 -
Page 359
PT INTILAND DEVELOPMENT Tbk                                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                        Otherwise Stated)


    i.    Pajak Penghasilan                                          i.         Income taxes

          Pertimbangan yang signifikan dibutuhkan                               Significant    judgment     is    required      in
          untuk menentukan jumlah pajak penghasilan.                            determining the provision for income taxes.
          Terdapat sejumlah transaksi dan perhitungan                           There are many transactions and calculations
          yang menimbulkan ketidakpastian penentuan                             for which the ultimate tax determination is
          jumlah pajak penghasilan karena interpretasi                          uncertain due to different interpretation of tax
          atas peraturan pajak yang berbeda. Jika hasil                         regulations. Where the final tax outcome of
          pemeriksaan pajak berbeda dengan jumlah                               these matters is different from the amounts
          yang sebelumnya telah dibukukan, maka                                 that were initially recorded, such differences
          selisih tersebut akan berdampak terhadap aset                         will have an impact on the current and
          dan liabilitas pajak kini dan tangguhan dalam                         deferred tax assets and liabilities in the period
          periode dimana hasil pemeriksaan tersebut                             in which such determination is made.
          terjadi.

   Estimasi dan Asumsi                                                    Estimates and Assumptions

   Asumsi utama mengenai masa depan dan sumber                            The key assumptions concerning the future and
   utama lain dalam mengestimasi ketidakpastian pada                      other key sources of estimation uncertainty at the
   tanggal pelaporan yang mempunyai risiko signifikan                     reporting date that have a significant risk of
   yang dapat menyebabkan penyesuaian material                            causing a material adjustment to the carrying
   terhadap nilai tercatat aset dan liabilitas dalam                      amounts of assets and liabilities within the next
   periode berikutnya diungkapkan di bawah ini. Grup                      financial period are disclosed below. The Group
   mendasarkan asumsi dan estimasi pada parameter                         based its assumptions and estimates on
   yang tersedia saat laporan keuangan konsolidasian                      parameters available when the consolidated
   disusun. Kondisi yang ada dan asumsi mengenai                          financial statements were prepared. Existing
   perkembangan masa depan dapat berubah karena                           circumstances and assumptions about future
   perubahan situasi pasar yang berada di luar kendali                    developments may change due to market
   Grup. Perubahan tersebut tercermin dalam asumsi                        changes on circumstances arising beyond the
   ketika keadaan tersebut terjadi.                                       control of the Group. Such changes are reflected
                                                                          in the assumptions when they occur.

   a.    Nilai Wajar Aset Keuangan dan Liabilitas                         a.     Fair Value of Financial Assets and Liabilities
         Keuangan

         Standar Akuntansi Keuangan di Indonesia                                 Indonesian Financial Accounting Standards
         mensyaratkan pengukuran aset keuangan dan                               require measurement of certain financial
         liabilitas keuangan tertentu pada nilai wajarnya,                       assets and liabilities at fair values, and the
         dan penyajian ini mengharuskan penggunaan                               disclosure requires the use of estimates.
         estimasi. Komponen pengukuran nilai wajar                               Significant component of fair value
         yang signifikan ditentukan berdasarkan bukti-                           measurement is determined based on
         bukti obyektif yang dapat diverifikasi (seperti nilai                   verifiable objective evidence (i.e. foreign
         tukar, suku bunga), sedangkan saat dan besaran                          exchange, interest rate), while timing and
         perubahan nilai wajar dapat menjadi berbeda                             amount of changes in fair value might differ
         karena penggunaan metode penilaian yang                                 due to different valuation method used.
         berbeda.

         Nilai wajar aset keuangan dan liabilitas                                The fair value of financial assets and
         keuangan diungkapkan pada Catatan 30.                                   liabilities are set out in Note 30.




                                                            - 47 -
Page 360
PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


   b.   Estimasi Masa Manfaat Properti Investasi dan            b.     Estimated Useful Lives of Investment
        Aset Tetap                                                     Properties and Property and Equipment

        Masa manfaat dari masing-masing properti                       The useful life of each of the item of the
        investasi dan aset tetap Grup diestimasi                       Group’s investment properties and property
        berdasarkan jangka waktu aset tersebut                         and equipment are estimated based on the
        diharapkan tersedia untuk digunakan. Estimasi                  period over which the asset is expected to
        tersebut didasarkan pada penilaian kolektif                    be available for use. Such estimation is
        berdasarkan bidang usaha yang sama, evaluasi                   based on a collective assessment of similar
        teknis internal dan pengalaman dengan aset                     business, internal technical evaluation
        sejenis. Estimasi masa manfaat setiap aset                     and experience with similar assets. The
        ditelaah secara berkala dan diperbarui jika                    estimated useful life of each asset is
        estimasi berbeda dari perkiraan sebelumnya                     reviewed periodically and updated if
        yang disebabkan karena pemakaian, usang                        expectations differ from previous estimates
        secara teknis atau komersial serta keterbatasan                due to physical wear and tear, technical or
        hak atau pembatasan lainnya terhadap                           commercial obsolescence, and legal or
        penggunaan aset. Dengan demikian, hasil                        other limits on the use of the asset. It is
        operasi di masa mendatang mungkin dapat                        possible, however, that future results of
        terpengaruh secara signifikan oleh perubahan                   operations could be materially affected by
        dalam jumlah dan waktu terjadinya biaya karena                 changes in the amounts and timing of
        perubahan yang disebabkan oleh faktor-faktor                   recorded expenses brought about by
        yang disebutkan di atas. Penurunan estimasi                    changes in the factors mentioned above.
        masa manfaat ekonomis setiap properti investasi                A reduction in the estimated useful life of any
        dan aset tetap akan menyebabkan kenaikan                       item of investment properties and property
        beban penyusutan dan penurunan nilai tercatat                  and equipment would increase the recorded
        aset tersebut.                                                 depreciation and decrease the carrying
                                                                       values of these assets.

        Nilai tercatat properti investasi dan aset tetap               The carrying values of investment properties
        konsolidasian pada tanggal 31 Desember 2025                    and property and equipment as of
        dan 2024 masing-masing diungkapkan pada                        December 31, 2025 and 2024 are set out in
        Catatan 15 dan 16.                                             Notes 15 and 16, respectively.

   c.   Penurunan Nilai Goodwill                                c.     Impairment of Goodwill

        Uji penurunan nilai wajib dilakukan sedikitnya                 Impairment testing is required to be
        setahun sekali tanpa memperhatikan apakah                      performed at least annually irrespective of
        telah terjadi indikasi penurunan nilai. Penentuan              whether or not there are indications of
        nilai pakai aset tak berwujud membutuhkan                      impairment. Determining the value in use of
        estimasi arus kas yang diharapkan akan                         assets requires the estimation of cash flows
        dihasilkan dari pemakaian berkelanjutan dan                    expected to be generated from the continued
        pelepasan akhir atas aset tersebut (UPK) serta                 use and ultimate disposition of such assets
        tingkat diskonto yang tepat untuk menghitung                   (CGU) and a suitable discount rate in order
        nilai kini.                                                    to calculate the present value.

        Manajemen berkeyakinan bahwa asumsi-                           While it is believed that the assumptions
        asumsi yang digunakan dalam estimasi nilai                     used in the estimation of the value in use of
        pakai dalam laporan keuangan konsolidasian                     assets reflected in the consolidated financial
        adalah tepat dan wajar, namun demikian,                        statements are appropriate and reasonable,
        perubahan signifikan dalam asumsi-asumsi                       significant changes in this assumptions may
        tersebut dapat berdampak signifikan pada                       materially affect the assessment of
        jumlah nilai terpulihkan dan jumlah kerugian                   recoverable values and any resulting
        penurunan nilai yang terjadi mungkin berdampak                 impairment loss could have a material
        material pada hasil operasi Grup.                              adverse impact on the results of Group’s
                                                                       operations.




                                                       - 48 -
Page 361
PT INTILAND DEVELOPMENT Tbk                                                         PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                 (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                   Otherwise Stated)


        Berdasarkan penelaahan manajemen, tidak                               Based on the assessment of management,
        terdapat penurunan nilai goodwill yang diakui di                      there was no impairment in value of goodwill
        tahun 2025 dan 2024. Unit Penghasil Kas (UPK),                        in 2025 and 2024. The cash generating unit
        dimana telah diuji penurunan nilai, disajikan                         (CGU) on which impairment analysis is
        dalam Catatan 17 atas laporan keuangan                                applied is disclosed in Note 17 to the
        konsolidasian.                                                        consolidated financial statements.

   d.   Penurunan Nilai Aset Non-Keuangan                            d.       Impairment of Non-financial Assets

        Penelahaan atas penurunan nilai dilakukan                             Impairment review is performed when
        apabila terdapat indikasi penurunan nilai aset                        certain impairment indicators are present.
        tertentu.   Penentuan     nilai   wajar   aset                        Determining the fair value of assets requires
        membutuhkan estimasi arus kas yang                                    the estimation of cash flows expected to be
        diharapkan akan dihasilkan dari pemakaian                             generated from the continued use and
        berkelanjutan dan pelepasan akhir atas aset                           ultimate disposition of such assets. Any
        tersebut. Perubahan signifikan dalam asumsi-                          significant changes in the assumptions used
        asumsi yang digunakan untuk menentukan nilai                          in determining the fair value may materially
        wajar dapat berdampak signifikan pada nilai                           affect the assessment of recoverable values
        terpulihkan dan jumlah kerugian penurunan nilai                       and any resulting impairment loss could
        yang terjadi mungkin berdampak material pada                          have a material impact on results of
        hasil operasi Grup.                                                   operations.

        Nilai tercatat aset non-keuangan tersebut pada                        The carrying values of these assets as of
        tanggal 31 Desember 2025 dan 2024 adalah                              December 31, 2025 and 2024 follows:
        sebagai berikut:

                                                  2025                 2024


        Investasi entitas asosiasi                                                     Investments in associates
           dan ventura bersama                 360.788.263.392     352.553.814.896        and joint ventures
        Properti investasi                   1.555.077.767.753    1.638.491.113.505    Investment properties
        Aset tetap                             639.401.520.491     384.463.445.185     Property and equipment
        Tanah yang belum dikembangkan        3.553.467.755.107    3.896.603.155.948    Land for development

        Jumlah                               6.108.735.306.743    6.272.111.529.534    Total




                                                         - 49 -
Page 362
PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


   e.   Imbalan Kerja Jangka Panjang                            e.     Long-term Employee Benefits

        Penentuan liabilitas imbalan kerja jangka                      The determination of the long-term
        panjang dipengaruhi oleh asumsi tertentu yang                  employee benefits is dependent on the
        digunakan oleh aktuaris dalam menghitung                       selection of certain assumptions used by
        jumlah tersebut. Asumsi-asumsi tersebut                        actuary in calculating such amounts. Those
        dijelaskan dalam Catatan 43 dan mencakup,                      assumptions are described in Note 43 and
        antara lain, tingkat kenaikan gaji dan tingkat                 include, among others, rate of salary
        diskonto yang ditentukan dengan mengacu pada                   increase and discount rate which is
        imbal hasil surat utang negara pada tanggal                    determined after giving consideration to
        valuasi. Hasil aktual yang berbeda dengan                      interest rates of goverment bonds on the
        asumsi Grup dibukukan pada penghasilan                         date of valuation.      Actual results that
        komprehensif lain dan dengan demikian,                         differ from the Group’s assumptions are
        berdampak       pada     jumlah     penghasilan                charged to other comprehensive income and
        komprehensif lain yang diakui dan liabilitas yang              therefore, generally affect the recognized
        tercatat pada periode-periode mendatang.                       comprehensive income and recorded
        Manajemen berkeyakinan bahwa asumsi-                           obligation in such future periods. While it is
        asumsi yang digunakan adalah tepat dan wajar,                  believed that the Group’s assumptions are
        namun demikian, perbedaan signifikan pada                      reasonable     and appropriate, significant
        hasil aktual, atau perubahan signifikan dalam                  differences in actual experience or
        asumsi-asumsi tersebut dapat berdampak                         significant changes in assumptions may
        signifikan pada jumlah liabilitas imbalan kerja                materially affect the amount of long-term
        jangka panjang.                                                employee benefits liability.

        Pada tanggal 31 Desember 2025 dan 2024,                        As of December 31, 2025 and 2024,
        liabilitas imbalan kerja jangka panjang                        long-term employee benefits liability
        masing-masing sebesar Rp 75.849.586.279 dan                    amounted to Rp 75,849,586,279 and
        Rp 98.120.466.141 (Catatan 43).                                Rp 98,120,466,141, respectively (Note 43).

   f.   Aset Pajak Tangguhan                                    f.     Deferred Tax Assets

        Aset pajak tangguhan diakui untuk semua                        Deferred tax assets are recognized for all
        perbedaan temporer antara nilai tercatat aset                  temporary differences between the financial
        dan liabilitas pada laporan keuangan dengan                    statements’ carrying amounts of existing
        dasar pengenaan pajak jika kemungkinan besar                   assets and liabilities and their respective
        jumlah laba kena pajak akan memadai untuk                      taxes bases to the extent that it is probable
        pemanfaatan perbedaan temporer yang diakui.                    that taxable profit will be available against
        Estimasi manajemen yang signifikan diperlukan                  which the temporary differences can be
        untuk menentukan jumlah aset pajak tangguhan                   utilized. Significant management estimates
        yang diakui berdasarkan kemungkinan waktu                      are required to determine the amount of
        terealisasinya dan jumlah laba kena pajak pada                 deferred tax assets that can be recognized,
        masa mendatang serta strategi perencanaan                      based upon the likely timing and the level of
        pajak masa depan.                                              future taxable profits together with
                                                                       future tax planning strategies.

        Pada tanggal 31 Desember 2025 dan 2024,                        As of December 31, 2025 and 2024,
        saldo aset pajak tangguhan konsolidasian                       the carrying amounts of consolidated
        disajikan dalam Catatan 41 atas laporan                        deferred tax assets are disclosed in
        keuangan konsolidasian.                                        Note 41 to the consolidated financial
                                                                       statements.




                                                       - 50 -
Page 363
PT INTILAND DEVELOPMENT Tbk                                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                For the Years Ended
31 Desember 2025 dan 2024                                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                 Otherwise Stated)


4.   Kas dan Setara Kas                                                    4.      Cash and Cash Equivalents

                                                          2025                   2024

     Kas                                                  785.355.638            757.659.000    Cash on hand
     Bank                                                                                       Cash in banks
        Rupiah                                                                                     Rupiah
           PT Bank CIMB Niaga Tbk                      346.713.355.765      301.914.888.585            PT Bank CIMB Niaga Tbk
           PT Bank Central Asia Tbk                    122.151.385.930      159.581.400.758            PT Bank Central Asia Tbk
           PT Bank Mandiri (Persero) Tbk               112.412.679.484       54.805.629.620            PT Bank Mandiri (Persero) Tbk
           PT Bank Maybank Indonesia Tbk               107.524.688.163       16.097.522.200            PT Bank Maybank Indonesia Tbk
           PT Bank Woori Saudara Indonesia 1906 Tbk     16.726.342.282       16.889.258.169            PT Bank Woori Saudara Indonesia 1906 Tbk
           PT Bank Negara Indonesia (Persero) Tbk        9.914.308.305       34.785.155.586            PT Bank Negara Indonesia (Persero) Tbk
           PT Bank UOB Indonesia                         8.947.158.363       11.386.996.510            PT Bank UOB Indonesia
           Bank of China                                 7.694.661.278          811.475.958            Bank of China
           PT Bank Rakyat Indonesia (Persero) Tbk        6.538.673.156        2.898.853.620            PT Bank Rakyat Indonesia (Persero) Tbk
            PT Bank Tabungan Negara (Persero) Tbk        4.888.452.246          9.543.977.632          PT Bank Tabungan Negara (Persero) Tbk
            PT Bank Pan Indonesia Tbk                    3.785.877.159          6.320.074.982          PT Bank Pan Indonesia Tbk
            PT Bank OCBC NISP Tbk                        2.786.562.716          1.706.948.600          PT Bank OCBC NISP Tbk
            PT Bank Permata Tbk                          2.516.686.163          6.490.518.408          PT Bank Permata Tbk
            PT Bank Sinarmas Tbk                         2.354.897.331          2.120.151.594          PT Bank Sinarmas Tbk
            PT Bank Syariah Indonesia Tbk                1.857.870.152          1.510.512.822          PT Bank Syariah Indonesia Tbk
            PT Bank Saqu Indonesia                       1.483.250.734          4.045.377.898          PT Bank Saqu Indonesia
            PT Bank Victoria International Tbk             755.320.496          1.694.666.564          PT Bank Victoria International Tbk
            PT Bank China Construction Bank                                                            PT Bank China Construction Bank
                Indonesia Tbk                              748.185.209          1.799.107.147             Indonesia Tbk
            PT Bank Syariah Mandiri                        639.672.444             59.722.431          PT Bank Syariah Mandiri
            PT Bank JTrust Indonesia Tbk                   384.910.972          8.773.666.263          PT Bank JTrust Indonesia Tbk
            PT Bank IBK Indonesia Tbk                      303.374.808          3.159.604.486          PT Bank IBK Indonesia Tbk
            Lain-lain (di bawah Rp 500.000.000)          1.868.028.270          1.543.797.938          Others (each below Rp 500,000,000)
        Dolar Amerika Serikat (Catatan 48)                                                         U.S. Dollar (Note 48)
            PT Bank Central Asia Tbk                     3.082.200.915          2.165.470.419          PT Bank Central Asia Tbk
            PT Bank CTBC Indonesia                       1.507.604.760          1.229.822.823          PT Bank CTBC Indonesia
     Deposito berjangka                                                                         Time deposits
        Rupiah                                                                                     Rupiah
            PT Bank Hibank Indonesia                    48.000.000.000                    -            PT Bank Hibank Indonesia
            PT Bank UOB Indonesia                       27.937.145.550       52.736.202.161            PT Bank UOB Indonesia
            PT Bank CIMB Niaga Tbk                      22.498.377.707       21.442.840.694            PT Bank CIMB Niaga Tbk
            PT Bank Index Selindo                       19.000.000.000                    -            PT Bank Index Selindo
            PT Bank Mandiri (Persero) Tbk               14.100.000.000        1.100.000.000            PT Bank Mandiri (Persero) Tbk
            PT Bank Saqu Indonesia                      11.330.983.358        2.500.000.000            PT Bank Saqu Indonesia
            PT Bank Shinhan Indonesia                    7.129.265.256        7.543.771.302            PT Bank Shinhan Indonesia
            PT Bank Tabungan Negara (Persero) Tbk        6.230.531.280                    -            PT Bank Tabungan Negara (Persero) Tbk
            PT Bank Mega Tbk                             5.590.704.258        5.362.909.566            PT Bank Mega Tbk
            PT Bank Jateng                               5.000.000.000                    -            PT Bank Jateng
            PT Bank JTrust Indonesia Tbk                 3.519.898.963        3.366.020.566            PT Bank JTrust Indonesia Tbk
            PT Bank Sinarmas Tbk                         2.000.000.000                    -            PT Bank Sinarmas Tbk
            PT Bank Rakyat Indonesia (Persero) Tbk       1.680.172.313        2.549.996.800            PT Bank Rakyat Indonesia (Persero) Tbk
            PT Bank Pan Indonesia Tbk                    1.000.000.000                    -            PT Bank Pan Indonesia Tbk
            PT Bank Negara Indonesia (Persero) Tbk         818.004.430        2.818.004.430            PT Bank Negara Indonesia (Persero) Tbk
        Dolar Amerika Serikat (Catatan 48)                                                         U.S. Dollar (Note 48)
            PT Bank CTBC Indonesia                        167.820.000            808.100.000           PT Bank CTBC Indonesia
     Jumlah                                            944.374.405.854      752.320.105.532     Total
     Suku bunga deposito berjangka per tahun                                                    Interest rates per annum on time deposits
        Rupiah                                        1,90% - 6,25%        1,90% - 6,25%            Rupiah
        Dolar Amerika Serikat                             3,25%            2,00% - 3,00%            U.S. Dollar




                                                                  - 51 -
Page 364
PT INTILAND DEVELOPMENT Tbk                                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                               For the Years Ended
31 Desember 2025 dan 2024                                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                Otherwise Stated)


5.   Investasi Aset Keuangan pada Nilai Wajar Melalui                       5.     Investments in Financial Assets at Fair Value
     Penghasilan Komprehensif Lain                                                 Through Other Comprehensive Income

                                                            2025                    2024

     Jangka panjang                                                                                Long-term
        Saham yang tidak memiliki kuotasi harga
           di pasar yang aktif:                                                                      Shares not quoted in active market:
           Pada harga perolehan:                                                                       At cost:
               PT Menara Prambanan                        75.000.000.000          75.000.000.000           PT Menara Prambanan
               PT Putra Alvita Pratama                    16.855.442.000          16.855.442.000           PT Putra Alvita Pratama
               PT Pembangunan Kota Tua                    10.000.000.000          10.000.000.000           PT Pembangunan Kota Tua
               PT Intiland Infinita                          405.817.139             405.817.139           PT Intiland Infinita
               PT Spinindo Mitradaya                         160.000.000             160.000.000           PT Spinindo Mitradaya
               PT Abadinugraha Ciptajaya                         100.000                 100.000           PT Abadinugraha Ciptajaya
               PT Alamdharma Jatimsentosa                        100.000                 100.000           PT Alamdharma Jatimsentosa
               PT Dharmo Grande                                  100.000                 100.000           PT Dharmo Grande
               PT Estrella Sebelas Indonesia                       1.500                   1.500           PT Estrella Sebelas Indonesia
               PT Intiwhiz International                             500                     500           PT Intiwhiz International
               PT Intiland Estrella                                  500                     500           PT Intiland Estrella
               PT Estrella Dua Indonesia                             500                     500           PT Estrella Dua Indonesia
               PT Estrella Tiga Indonesia                            500                     500           PT Estrella Tiga Indonesia
               PT Estrella Lima Indonesia                            500                     500           PT Estrella Lima Indonesia
               PT Estrella Tujuh Indonesia                           500                     500           PT Estrella Tujuh Indonesia
               PT Estrella Delapan Indonesia                         500                     500           PT Estrella Delapan Indonesia
               PT Estrella Sembilan Indonesia                        500                     500           PT Estrella Sembilan Indonesia
               PT Estrella Duabelas Indonesia                        500                     500           PT Estrella Duabelas Indonesia
               PT Estrella Limabelas Indonesia                       500                     500           PT Estrella Limabelas Indonesia
               PT Estrella Enambelas Indonesia                       500                     500           PT Estrella Enambelas Indonesia
               PT Estrella Tujuhbelas Indonesia                      500                     500           PT Estrella Tujuhbelas Indonesia
               PT Estrella Sembilanbelas Indonesia                   500                     500           PT Estrella Sembilanbelas Indonesia
               PT Estrella Duapuluh Indonesia                        500                     500           PT Estrella Duapuluh Indonesia
               PT Estrella Duapuluh Satu Indonesia                   500                     500           PT Estrella Duapuluh Satu Indonesia
               PT Estrella Duapuluh Tiga Indonesia                   500                     500           PT Estrella Duapuluh Tiga Indonesia
               PT Estrella Duapuluh Lima Indonesia                   500                     500           PT Estrella Duapuluh Lima Indonesia
               PT Estrella Duapuluh Enam Indonesia                   500                     500           PT Estrella Duapuluh Enam Indonesia
               PT Estrella Duapuluh Tujuh Indonesia                  500                     500           PT Estrella Duapuluh Tujuh Indonesia
               PT Estrella Duapuluh Delapan Indonesia                500                     500           PT Estrella Duapuluh Delapan Indonesia
               PT Estrella Duapuluh Sembilan Indonesia               500                     500           PT Estrella Duapuluh Sembilan Indonesia

        Jumlah                                           102.421.571.139         102.421.571.139     Total


      Pada tanggal 31 Desember 2025 dan 2024,                                      As of December 31, 2025 and 2024, the above
      investasi aset keuangan di atas diukur pada biaya                            investment financial assets are measured at cost,
      perolehan, berdasarkan pertimbangan manajemen                                based on management’s judgment as disclosed in
      yang diungkapkan pada Catatan 3.d Aset Keuangan                              Note 3.d, Financial Assets Not Quoted in Active
      yang Tidak Memiliki Kuotasi Harga di Pasar Aktif.                            Market.

      Pada tahun 2025 dan 2024, PT Putra Alvita Pratama                            In 2025 and 2024, PT Putra Alvita Pratama agreed
      membagikan dividen tunai kepada pemegang                                     to distribute cash dividends to stockholders. The
      saham. Bagian entitas anak atas pembagian dividen                            share of the subsidiary on this cash dividend
      tunai    adalah       masing-masing       sebesar                            amounted       to   Rp     14,643,660,720     and
      Rp 14.643.660.720 dan Rp 21.407.324.640.                                     Rp 21,407,324,640, respectively.

      Pada tahun 2025 dan 2024, PT Spinindo Mitradaya                              In 2025 and 2024, PT Spinindo Mitradaya agreed
      membagikan dividen tunai kepada pemegang                                     to distribute cash dividends. The share of the
      saham. Bagian Perusahaan atas pembagian dividen                              Company on this cash dividend amounted to
      tunai    adalah     masing-masing      sebesar                               Rp 104,000,000 and Rp 100,000,000, respectively.
      Rp 104.000.000 dan Rp 100.000.000.




                                                                   - 52 -
Page 365
PT INTILAND DEVELOPMENT Tbk                                                            PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2025 dan 2024                                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                    (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                      Otherwise Stated)


     Berdasarkan Akta No. 4 tanggal 16 Mei 2024 dari                     Based on Deed No. 4 dated May 16, 2024 from
     Melanie Sidharta, S.H., M.Kn., notaris publik di                    Melanie Sidharta, S.H., M.Kn., a public notary in
     Jakarta, PT Intiland Infinita memperoleh persetujuan                Jakarta, PT Intiland Infinita obtained the approval
     Keputusan Pemegang Saham untuk meningkatkan                         from stockholders for the increase in issued and
     modal     ditempatkan        dan  disetor    dengan                 paid-up capital through issuance of 2,970,000,000
     mengeluarkan 2.970.000.000 lembar saham yang                        shares which the whole thing were issued to
     seluruhnya diambil oleh PT Permata Tunggal Jaya,                    PT Permata Tunggal Jaya, a third party.
     pihak ketiga. Dengan demikian, kepemilikan                          Accordingly, the ownership interest of the Company
     Perusahaan pada PT Intiland Infinita menurun dari                   in PT Intiland Infinita decreased from 30.00% to
     30,00% menjadi 10,07%.                                              10.07%.

     Berdasarkan Akta No. 8 tanggal 9 Desember 2024                      Based on Deed No. 8 dated December 9, 2024
     dari Dr. Suvinah, S.H., M.Kn., notaris publik di                    from Dr. Suvinah, S.H., M.Kn., a public notary in
     Depok, PT Menara Prambanan, pihak ketiga,                           Depok, PT Menara Prambanan, third party,
     memperoleh persetujuan dari pemegang saham                          obtained the approval from stockholders for the
     untuk meningkatkan modal dasar dan modal                            increase in issued and paid-up capital through
     ditempatkan dan disetor dengan menerbitkan                          issuance    of   22,222   shares     issued     to
     22.222 lembar saham yang diambil bagian                             PT Intisarana Ekaraya, a subsidiary, with selling
     seluruhnya oleh PT Intisarana Ekaraya, entitas                      price of Rp 75 billion or equivalent to 10%
     anak, dengan harga jual sebesar Rp 75 milyar atau                   ownership interest.
     setara dengan kepemilikan sebesar 10%.

     Kepemilikan    pada    masing-masing       investasi                The ownership interest in each of the above
     saham di atas berada dibawah 20%.                                   investments in shares is below 20%.


6.   Piutang Usaha                                                  6.    Trade Accounts Receivable
                                                    2025                     2024

     a. Berdasarkan Segmen Usaha                                                             a. By Business Segments
       Pihak berelasi                                                                          Related party
          Penjualan perumahan                    24.036.322.716           44.036.322.716          Sales houses and land
          Cadangan kerugian penurunan nilai      (1.141.725.329)          (2.201.816.136)         Allowance for impairment
          Jumlah - bersih                        22.894.597.387           41.834.506.580          Total - net

       Pihak ketiga                                                                            Third parties
          Penjualan                                                                                Sales
              Perumahan                          34.515.579.872           39.667.584.936              Houses and land
              High rise                          13.537.496.853           19.528.069.368              High rise
              Kawasan industri                   16.029.633.205           25.614.000.000              Industrial estate

          Jumlah                                 64.082.709.930           84.809.654.304          Subtotal

          Pendapatan usaha                                                                        Operating revenues
             Fasilitas                           38.647.743.615           30.973.939.209             Facilities
             Perkantoran                         29.388.035.674           15.078.299.276             Offices
             Kawasan industri                     1.694.301.240            1.337.250.048             Industrial estate
             Hotel                                1.746.235.793              869.884.826             Hotels
             Lain-lain                               76.093.825              239.080.000             Others

          Jumlah                                 71.552.410.147           48.498.453.359               Subtotal

          Jumlah - pihak ketiga                 135.635.120.077          133.308.107.663          Total - third parties
          Cadangan kerugian penurunan nilai       (2.159.253.498)          (3.465.204.182)        Allowance for impairment
          Jumlah - bersih                       133.475.866.579          129.842.903.481          Total - net

       Jumlah                                   156.370.463.966          171.677.410.061       Total




                                                           - 53 -
Page 366
PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


                                                  2025                2024

      Piutang usaha - disajikan dalam                                                      Trade receivables - presented in the
          laporan posisi keuangan                                                             consolidated statements of
          konsolidasian sebagai berikut:                                                      financial position under:
          Aset lancar                         153.416.157.332     167.469.837.602             Current assets
          Aset tidak lancar                     2.954.306.634       4.207.572.459             Noncurrent assets

      Jumlah                                  156.370.463.966     171.677.410.061          Total



   b. Berdasarkan umur                                                                 b. By Age
      Belum jatuh tempo                         93.012.788.090    102.348.271.428          Not past due
      Jatuh tempo:                                                                         Past due
           1 - 30 hari                          17.380.250.413     14.346.812.362              1 - 30 days
          31 - 60 hari                          19.049.815.632     27.844.356.354             31 - 60 days
          61 - 90 hari                           1.437.381.522      2.472.111.129             61 - 90 days
          91 - 120 hari                          7.577.232.787      4.097.704.917             91 - 120 days
          > 120 hari                            21.213.974.349     26.235.174.189             More than 120 days
      Jumlah                                   159.671.442.793    177.344.430.379          Total
      Cadangan kerugian penurunan nilai         (3.300.978.827)     (5.667.020.318)        Allowance for impairment

      Jumlah - Bersih                          156.370.463.966    171.677.410.061          Total - Net



   Perubahan dalam cadangan kerugian penurunan                    The changes in allowance for impairment follows:
   nilai adalah sebagai berikut:

                                                 2025                2024

   Saldo awal                                   5.667.020.318       7.346.553.251     Beginning balance
   Penambahan                                     950.306.086       1.221.830.668     Additions
   Pemulihan                                   (3.316.347.577)     (2.901.363.601)    Reversal

   Saldo akhir                                  3.300.978.827      5.667.020.318      Ending balances



   Grup menerapkan pendekatan yang disederhanakan                 The Group applies the simplified approach to
   untuk menghitung cadangan kerugian kredit                      provide for expected credit losses prescribed by
   ekspektasian yang disyaratkan oleh PSAK No. 109,               PSAK No. 109, which permits the use of lifetime
   yang memperbolehkan penerapan cadangan                         expected loss provison for all trade accounts
   kerugian ekspektasian sepanjang umurnya untuk                  receivables with no significant financing
   seluruh piutang usaha tanpa komponen pendanaan                 component. To measure the expected credit
   signifikan. Untuk mengukur cadangan kerugian                   losses, trade receivables have been grouped
   ekspektasian tersebut, piutang usaha dikelompokkan             based on shared credit risk characteristics and the
   berdasarkan karakteristik risiko kredit yang sejenis           days past due.
   dan pola tunggakan atau gagal bayar.

   Berdasarkan       evaluasi    manajemen     terhadap           Based on management’s evaluation of the
   kolektibilitas saldo masing-masing piutang pada                collectibility of the individual receivable account as
   tanggal 31 Desember 2025 dan 2024, manajemen                   of December 31, 2025 and 2024, they believe that
   berpendapat bahwa cadangan kerugian penurunan                  the allowance for impairment is adequate to cover
   nilai memadai untuk menutup kemungkinan kerugian               possible losses from uncollectible accounts.
   dari tidak tertagihnya piutang usaha tersebut.

   Manajemen berpendapat bahwa tidak terdapat risiko              Management also believes that there is no
   yang terkonsentrasi secara signifikan atas piutang             significant concentration of credit risks in trade
   dari pihak ketiga.                                             accounts receivable from third parties.




                                                         - 54 -
Page 367
PT INTILAND DEVELOPMENT Tbk                                                         PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                 (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                   Otherwise Stated)


7.   Piutang Lain-Lain                                          7.    Other Accounts Receivable

                                                2025                  2024

     Pihak ketiga:                                                                    Third parties:
        PT Sentraloka Adyabuana               10.000.000.000                     -        PT Sentraloka Adyabuana
        Karyawan                               1.333.341.432         1.140.604.537        Employees
        PT Starlight Nusa Property                         -         3.408.336.470        PT Starlight Nusa Property
        Lain-lain                              6.214.840.069         5.269.743.801        Others
     Jumlah                                   17.548.181.501         9.818.684.808    Total
     Cadangan kerugian penurunan nilai          (558.250.000)         (558.250.000)   Allowance for impairment

     Jumlah                                   16.989.931.501         9.260.434.808    Total



     PT Sentraloka Adyabuana                                          PT Sentraloka Adyabuana

     Pada tanggal 24 November 2025, PT Jateng Industri                On November 24, 2025, PT Jateng Industri Intiland
     Intiland (JII), entitas anak, telah menandatangani               (JII), a subsidiary, entered into a loan agreement
     perjanjian pinjaman dengan PT Sentraloka                         with PT Sentraloka Adyabuana (SAB), a third
     Adyabuana (SAB), pihak ketiga, dimana JII akan                   party, pursuant to which JII provided Loan Facilities
     memberikan fasilitas pinjaman A dan B masing-                    A and B to SAB in the amounts of Rp 48 billion and
     masing sebesar Rp 48 Milyar dan Rp 10 Milyar                     Rp 10 billion, respectively. The loan facilities have
     kepada SAB dengan jangka waktu pinjaman 6 bulan                  a tenor of six months and bear interest at a rate of
     dan bunga 9% per tahun. Fasilitas pinjaman A                     9% per annum. Loan Facility A is used to settle
     digunakan untuk pelunasan pinjaman atas nama SAB                 SAB’s outstanding loan with its creditor, while Loan
     kepada kreditur dan fasilitas pinjaman B untuk                   Facility B is used to cover payments related to
     melakukan pembayaran atas proses administrasi                    administrative processes, including the release of
     penghapusan hak tanggungan (roya) dan penerbitan                 mortgage encumbrance (roya) and the issuance of
     SHGB.                                                            SHGB.

     Piutang ini telah dilunasi pada tanggal 5 Februari               This receivable was fully collected on February 5,
     2026.                                                            2026.

     PT Starlight Nusa Property (SNP)                                 PT Starlight Nusa Property (SNP)

     Piutang dari SNP, pihak ketiga, merupakan piutang                Receivable from SNP, a third party, represents the
     sehubungan dengan kerjasama pada BKIS. Piutang                   receivable in relation to the cooperation in BKIS.
     ini tidak dikenakan bunga serta tidak ditentukan                 This is non-interest bearing and has no definite
     jangka waktu pengembaliannya.                                    repayment schedule.

     Manajemen berpendapat bahwa cadangan kerugian                    Management believes that the allowance for
     penurunan nilai pada tanggal 31 Desember 2025 dan                impairment as of December 31, 2025 and 2024 is
     2024 memadai untuk menutup kemungkinan                           adequate to cover possible losses from
     kerugian dari tidak tertagihnya piutang.                         uncollectible accounts.

     Tidak terdapat piutang lain-lain yang dijadikan                  There are no other accounts receivable that are
     jaminan atas liabilitas Grup.                                    used as collateral for obligations of the Group.




                                                       - 55 -
Page 368
PT INTILAND DEVELOPMENT Tbk                                                                 PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
31 Desember 2025 dan 2024                                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                         (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                           Otherwise Stated)


8.   Persediaan                                                       8.      Inventories

                                                      2025                      2024

     Tanah yang sedang dikembangkan                                                             Land under development
        Jakarta                                  1.538.228.008.395         1.828.177.100.412        Jakarta
        Surabaya                                 1.237.326.079.635         1.259.701.461.658        Surabaya
     Bangunan dalam konstruksi                                                                  Buildings under construction
        Jakarta                                   633.217.971.038           627.775.743.017         Jakarta
        Surabaya                                   49.116.338.973            20.231.996.545         Surabaya
     Bangunan yang siap dijual                                                                  Ready-for-sale buildings
        Jakarta                                   663.555.584.777           762.306.990.923         Jakarta
        Surabaya                                  410.595.951.505           707.462.486.377         Surabaya

     Sub-jumlah                                  4.532.039.934.323         5.205.655.778.932    Sub-total

     Persediaan - hotel                             2.562.524.806             1.820.431.340     Hotel supplies
     Persediaan - olahraga                          1.303.036.314             1.210.101.341     Sport supplies
     Persediaan - tempat rekreasi dan restoran         22.253.614                19.285.922     Recreation and restaurant supplies
     Persediaan - lain-lain                         1.323.115.442             1.345.311.296     Others supplies

     Sub-jumlah                                     5.210.930.176             4.395.129.899     Sub-total
     Jumlah                                      4.537.250.864.499         5.210.050.908.831    Total


                                                                                                Presented in the consolidated
     Disajikan dalam laporan posisi                                                                statements of financial
        keuangan konsolidasian sebagai:                                                            position under:
        Aset lancar                              1.708.789.705.901         2.455.485.776.171       Current assets
        Aset tidak lancar                        2.828.461.158.598         2.754.565.132.660       Noncurrent assets

     Jumlah                                      4.537.250.864.499         5.210.050.908.831    Total



     Mutasi persediaan tanah yang sedang dikembangkan                         Movements in land under development follows:
     sebagai berikut:

                                                      2025                      2024

     Saldo awal                                  3.087.878.562.070         3.394.848.267.432    Beginning balance
     Penambahan                                    207.534.090.771           304.561.742.101    Additions
     Pengurangan                                  (490.953.960.065)         (614.718.490.527)   Deductions
     Reklasifikasi                                 (28.904.604.746)            3.187.043.064    Reclassification

     Saldo akhir                                 2.775.554.088.030         3.087.878.562.070    Ending balance


     Termasuk dalam tanah yang sedang dikembangkan                            Land under development as of December 31, 2025
     pada tanggal 31 Desember 2025 adalah reklasifikasi                       includes land with carrying amount of
     dari bangunan dalam konstruksi, bangunan yang siap                       Rp      3,021,986,439,      Rp      491,077,092,
     dijual, properti investasi, dan aset tetap masing-                       Rp 7,693,098,809, and Rp 128,601,821,
     masing sebesar Rp 3.021.986.439, Rp 491.077.092,                         respectively which were reclassified from the
     Rp 7.693.098.809, dan Rp 128.601.821 (Catatan 8,                         buildings under construction, ready-for-sale
     15, dan 16). Sedangkan tanah yang sedang                                 buildings, investment property, and property and
     dikembangkan       sebesar    Rp    40.239.368.907                       equipment, respectively (Notes 8, 15, and 16).
     direklasifikasi ke tanah belum dikembangkan                              Land     under    development    amounting    to
     (Catatan 13).                                                            Rp 40,239,368,907 was reclassified to land for
                                                                              development (Note 13).




                                                             - 56 -
Page 369
PT INTILAND DEVELOPMENT Tbk                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                 Otherwise Stated)


   Termasuk dalam tanah yang sedang dikembangkan                    Land under development as of December 31, 2024
   pada tanggal 31 Desember 2024 adalah reklasifikasi               includes land with carrying amount of
   dari tanah yang belum dikembangkan sebesar                       Rp 3,187,043,064, respectively which were
   Rp 3.187.043.064 (Catatan 13).                                   reclassified from the land for development
                                                                    (Note 13).

   Pengurangan tanah yang sedang dikembangkan di                    Deductions from land under development in 2024
   tahun 2024 sebesar Rp 2.416.186.663 termasuk                     amounting to Rp 2,416,186,663, represents land
   tanah PT Dinamika Kencana Mandiri, entitas anak                  owned by PT Dinamika Kencana Mandiri, a
   yang dilepas kepada pihak ketiga di tahun 2024.                  subsidiary which has been sold to third party in
                                                                    2024.

   Tanah yang sedang dikembangkan dijadikan jaminan                 Land under development are used as collateral for
   atas pinjaman bank jangka pendek dan jangka                      certain short-term and long-term bank loans of the
   panjang tertentu Grup (Catatan 19).                              Group (Note 19).

   Mutasi bangunan dalam konstruksi adalah sebagai                  Movement in buildings under construction is as
   berikut:                                                         follows:

                                                 2025                 2024

   Saldo awal                                  648.007.739.562      662.746.645.621    Beginning balance
   Penambahan                                  153.733.380.200      196.910.673.271    Additions
   Pengurangan                               (116.380.751.407)    (210.334.413.284)    Deductions
   Reklasifikasi                                (3.026.058.344)      (1.315.166.046)   Reclassifications

   Saldo akhir                                682.334.310.011      648.007.739.562     Ending balance


   Pada tahun 2025, bangunan dalam konstruksi                       In 2025, buildings under construction with carrying
   dengan nilai tercatat masing-masing sebesar                      amount of Rp 3,021,986,439 and Rp 4,071,905,
   Rp 3.021.986.439 dan Rp 4.071.905 direklasifikasi ke             respectively, were reclassified to land under
   tanah yang sedang dikembangkan dan persediaan                    development and ready-for-sale buildings.
   bangunan yang siap dijual.

   Pada tahun 2024, bangunan dalam konstruksi                       In 2024, buildings under construction with carrying
   dengan nilai tercatat sebesar Rp 1.315.166.046                   amount of Rp 1,315,166,046, respectively, were
   direklasifikasi ke persediaan bangunan yang siap                 reclassified to ready-for-sale buildings.
   dijual.

   Pengurangan bangunan dalam konstruksi di tahun                   Deductions from building under construction in
   2024 sebesar Rp 1.874.438.170 termasuk bangunan                  2024 amounting to Rp 1,874,438,170, represents
   PT Dinamika Kencana Mandiri, entitas anak yang                   building owned by PT Dinamika Kencana Mandiri,
   dilepas kepada pihak ketiga di tahun 2024.                       a subsidiary which has been sold to third party in
                                                                    2024.

   Bangunan dalam konstruksi merupakan proyek                       Buildings under construction represent projects in
   Quantum Extension, Serenia Hills, Aeropolis, 1Park               Quantum Extension, Serenia Hills, Aeropolis,
   Homes, Regatta, SQ Res - Jakarta, Talaga Bestari,                1Park Homes, Regatta, SQ Res - Jakarta, Talaga
   Magnolia Residence - Tangerang, dan Plasa Segi                   Bestari, Magnolia Residence - Tangerang, and
   Delapan, Graha Natura - Surabaya.                                Plasa Segi Delapan, Graha Natura - Surabaya.

   Persentase akumulasi nilai tercatat bangunan dalam               Percentages of accumulated costs of buildings
   konstruksi terhadap nilai kontrak masing-masing                  under construction to the total contract value range
   berkisar antara 2% - 99% pada tanggal 31 Desember                from 2% - 99% as of December 31, 2025 and
   2025 dan 2024.                                                   2024, respectively.




                                                        - 57 -
Page 370
PT INTILAND DEVELOPMENT Tbk                                                         PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                 (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                   Otherwise Stated)


   Estimasi penyelesaian unit bangunan dalam                           Building units under construction as of
   konstruksi pada tanggal 31 Desember 2025 adalah                     December 31, 2025 are expected to be completed
   pada tahun 2026 - 2027. Manajemen berpendapat                       in 2026 - 2027. Management believes that there
   bahwa tidak terdapat hambatan dalam kelanjutan                      will be no difficulties in completing the projects on
   penyelesaian proyek-proyek tersebut.                                expected dates of completion.

   Mutasi persediaan bangunan yang siap dijual adalah                  Movements in ready-for-sale buildings are as
   sebagai berikut:                                                    follows:

                                                    2025                 2024

   Saldo awal                                  1.469.769.477.300    1.831.578.808.961    Beginning balance
   Penambahan                                     30.008.044.031        4.168.534.245    Additions
   Pengurangan                                  (162.463.235.591)    (312.375.810.848)   Deductions
   Reklasifikasi                                (263.162.749.458)     (53.602.055.058)   Reclassification

   Saldo akhir                                 1.074.151.536.282    1.469.769.477.300    Ending balance



   Pada tahun 2025, bangunan siap dijual dengan nilai                  In 2025, ready-for-sale buildings amounting to
   tercatat masing-masing sebesar Rp 491.077.092,                      Rp 491,077,092, Rp 17,656,796,262, and
   Rp 17.656.796.262, dan Rp 245.018.948.009                           Rp 245,018,948,009 were reclassified to land
   direklasifikasi ke tanah yang sedang dikembangkan,                  under development, investment properties, and
   properti investasi, dan aset tetap (Catatan 8, 15, dan              property and equipment, respectively (Notes 8, 15,
   16). Sedangkan bangunan siap dijual dengan nilai                    and 16). Ready-for-sale buildings amounting to
   tercatat sebesar Rp 4.071.905 direklasifikasi dari                  Rp 4,071,905 was reclassified from buildings
   bangunan dalam konstruksi.                                          under construction.

   Pada tahun 2024, bangunan dan apartemen siap                        In 2024, ready-for-sale buildings and apartments
   dijual      dengan      nilai      tercatat     sebesar             amounting to Rp 1,315,166,046 were reclassified
   Rp 1.315.166.046 direklasifikasi dari bangunan                      from buildings under construction. Ready-for-sale
   dalam konstruksi. Sedangkan bangunan siap dijual                    buildings amounting to Rp 54,917,221,104 was
   dengan nilai tercatat sebesar Rp 54.917.221.104                     reclassified to investment properties (Note 15).
   direklasifikasi ke properti investasi (Catatan 15).

   Jumlah persediaan yang pengikatan jual belinya telah                Inventories that already have effective sales and
   berlaku namun penjualannya belum diakui untuk                       purchase agreements but have not been
   tahun-tahun yang berakhir 31 Desember 2025 dan                      recognized as sales for the years ended
   2024      masing-masing       adalah        sebesar                 December 31, 2025 and 2024 amounted to
   Rp      421.933.576.783    atau      9,3%       dan                 Rp      421,933,576,783      or     9.3%      and
   Rp 525.878.990.108 atau 10,1% dari jumlah nilai                     Rp 525,878,990,108 or 10.1% of the total
   persediaan.                                                         inventories, respectively.

   Beban bunga yang dikapitalisasi ke tanah yang                       Interest expense capitalized to land under
   sedang dikembangkan masing-masing sebesar                           development amounted to Rp 65,401,986,799 and
   Rp 65.401.986.799 dan Rp 54.360.811.162                             Rp 54,360,811,162 in 2025 and 2024,
   pada tahun 2025 dan 2024.                                           respectively.

   Pada tanggal 31 Desember 2025 dan 2024, seluruh                     As of December 31, 2025 and 2024, all inventories
   persediaan yang dimiliki adalah atas nama Grup.                     are under the name of the Group.




                                                           - 58 -
Page 371
PT INTILAND DEVELOPMENT Tbk                                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                        Otherwise Stated)


     Pada tanggal 31 Desember 2025 dan 2024, sebagian                       As of December 31, 2025 and 2024, portion of
     persediaan     Grup      masing-masing    sebesar                      inventories owned by Group amounting to
     Rp 1.045.048.740.704 dan Rp 1.651.012.058.190                          Rp 1,045,048,740,704 and Rp 1,651,012,058,190,
     telah diasuransikan kepada PT Asuransi Central                         respectively, are insured with PT Asuransi Central
     Asia, PT Chubb General Insurance Indonesia,                            Asia, PT Chubb General Insurance Indonesia,
     PT IBS Insurance Broking Service, PT Asuransi Bina                     PT IBS Insurance Broking Service, PT Asuransi
     Dana Artha Tbk, dan PT Asuransi Sompo Japan                            Bina Dana Artha Tbk, and PT Asuransi Sompo
     Nipponkoa Indonesia, pihak-pihak ketiga, terhadap                      Japan Nipponkoa Indonesia, third parties, against
     risiko kebakaran dan risiko lainnya dengan jumlah                      fire   and       other    possible    risks    for
     pertanggungan         masing-masing       sebesar                      Rp 9,304,654,225,385 and Rp 7,505,728,547,612,
     Rp 9.304.654.225.385 dan Rp 7.505.728.547.612.                         respectively. Management believes that the
     Manajemen berpendapat bahwa nilai pertanggungan                        insurance coverage is adequate to cover possible
     tersebut adalah cukup untuk menutup kemungkinan                        losses on the assets insured.
     kerugian aset yang dipertanggungkan.

     Grup melakukan peninjauan berkala atas jumlah                          The Group regularly reviews the carrying value of
     tercatat persediaan, untuk memastikan bahwa jumlah                     the real estate inventories to ensure that the
     tercatatnya tidak melebihi nilai realisasi bersih. Pada                recorded values do not exceed the net realizable
     tanggal 31 Desember 2025 dan 2024, manajemen                           values. As of December 31, 2025 and 2024
     berkeyakinan bahwa nilai realisasi bersih persediaan                   management believes that the net realizable value
     melebihi biaya perolehannya, sehingga tidak terdapat                   of inventories exceeds its costs, therefore, no
     cadangan penurunan nilai persediaan yang diakui.                       allowance for decline in value of inventories were
                                                                            recognized.


9.   Uang Muka                                                       9.    Advances

                                                     2025                     2024

     Proyek reklamasi (Catatan 45.b)               548.533.606.930          548.533.606.930   Reclamation project (Note 45.b)
     Cadangan kerugian penurunan nilai           (286.048.586.561)        (286.048.586.561)   Allowance for impairment
     Proyek reklamasi - Bersih                     262.485.020.369          262.485.020.369   Reclamation project - Net
     Pembelian tanah                                13.760.267.430           33.530.017.430   Purchases of land
     Investasi saham                                 4.720.000.000            6.190.000.000   Stock investment
     Lain-lain                                      28.431.021.242           31.768.396.800   Others

     Jumlah                                        309.396.309.041         333.973.434.599    Total


     Disajikan dalam laporan posisi                                                           Presented in the consolidated statements
        keuangan konsolidasian sebagai:                                                          of financial position under:
        Aset lancar                                 40.711.021.242          64.708.396.800       Current assets
        Aset tidak lancar                          268.685.287.799         269.265.037.799       Noncurrent assets

     Jumlah                                        309.396.309.041         333.973.434.599    Total


     Uang muka proyek reklamasi merupakan uang muka                        Advance for reclamation project represents
     terkait dengan izin pelaksanaan reklamasi Pulau H                     advance related to the permit for the reclamation of
     dari Pemerintah kepada PT Taman Harapan Indah,                        Pulau H from the Government to PT Taman
     entitas anak (Catatan 45.b).                                          Harapan Indah, a subsidiary (Note 45.b).

     Pada tanggal 31 Desember 2025 dan 2024, uang                          As of December 31, 2025 and 2024, advances for
     muka pembelian tanah merupakan uang muka                              purchase of land represent advanced payments
     pembayaran kepada pihak ketiga atas pembelian                         made to third parties for the acquisition of land in
     tanah di daerah Gandaria, Maja, Tangerang, Batang,                    Gandaria, Maja, Tangerang, Batang, Serenia Hills,
     Serenia Hills, dan Talaga Bestari. Kepemilikan atas                   and Talaga Bestari. The land titles of these land are
     tanah-tanah tersebut adalah berupa girik ataupun                      in the form of girik or SHM and are still under the
     SHM atas nama pihak ketiga.                                           third parties’ names.




                                                            - 59 -
Page 372
PT INTILAND DEVELOPMENT Tbk                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                 Otherwise Stated)


   Pada tanggal 31 Desember 2025, uang muka                         As of December 31, 2025, advances for stock
   investasi saham merupakan uang muka untuk                        investments represent advanced payments for
   investasi saham di PT Mahkota Kemayoran Realty                   stock investments in PT Mahkota Kemayoran
   (Catatan 44).                                                    Realty (Note 44).

   Pada tanggal 31 Desember 2024, uang muka                         As of December 31, 2024, advances for stock
   investasi saham merupakan uang muka untuk                        investments represent advanced payments for
   investasi saham di PT Inti Mitbana Development dan               stock investments in PT Inti Mitbana Development
   PT Mahkota Kemayoran Realty (Catatan 44).                        and PT Mahkota Kemayoran Realty (Note 44).


10. Pajak Dibayar Dimuka                                         10. Prepaid Taxes

                                                 2025                  2024

   Pajak penghasilan                                                                   Income tax
      Pasal 21                                    606.523.864            976.636.887       Article 21
      Pasal 22                                        138.663                      -       Article 22
      Pasal 23                                      1.595.470                      -       Article 23
      Pasal 28a                                 1.768.204.676                      -       Article 28a
   Pajak penghasilan final                     33.546.713.060         31.382.737.534   Final income tax
   Pajak pertambahan nilai                     80.431.383.513         86.213.530.375   Value added tax

   Jumlah                                     116.354.559.246        118.572.904.796   Total



11. Biaya Dibayar Dimuka                                         11. Prepaid Expenses

                                                 2025                  2024

   Beban untuk memperoleh kontrak
       dengan pelanggan                        13.289.756.811        11.698.789.804    Cost to obtain contract with customers
   Asuransi                                     2.285.079.792         1.680.706.656    Insurance
   Lain-lain                                       88.264.030            33.721.116    Others

   Jumlah                                      15.663.100.633        13.413.217.576    Total


   Disajikan dalam laporan posisi                                                      Presented in the consolidated statements
      keuangan konsolidasian sebagai:                                                     of financial position under:
      Aset lancar                              15.589.936.219        11.970.112.613       Current assets
      Aset tidak lancar                           73.164.414          1.443.104.963       Noncurrent assets

   Jumlah                                      15.663.100.633        13.413.217.576    Total



   Beban untuk memperoleh kontrak dengan pelanggan                  Cost to obtain contracts with customers represents
   merupakan biaya komisi penjualan. Beban tersebut                 sales commission. Such costs are recognized in
   diakui pada laba rugi pada saat penyerahan unit real             profit or loss upon transfer of the real estate unit to
   estat kepada pelanggan.                                          the customer.

   Biaya dibayar dimuka lainnya akan diamortisasi                   Other prepaid expenses are amortized over the
   sesuai dengan periode kontrak dengan masa                        period of its related contract with term between
   manfaat rata-rata selama 2026 sampai dengan 2027.                from 2026 to 2027.




                                                        - 60 -
Page 373
PT INTILAND DEVELOPMENT Tbk                                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                               For the Years Ended
31 Desember 2025 dan 2024                                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                Otherwise Stated)


12. Kas dan Deposito yang Dibatasi Penggunaannya                               12. Restricted Cash and Time Deposits

                                                               2025                  2024

   Kas dan deposito yang dibatasi penggunaannya - lancar:                                         Restricted cash and time deposits - current:
      Bank yang dibatasi penggunaannya - pihak ketiga                                                Restricted cash in banks - third parties
         Rupiah                                                                                           Rupiah
             PT Bank Central Asia Tbk                        88.346.704.374       113.971.208.666             PT Bank Central Asia Tbk
             PT Bank Pan Indonesia Tbk                       16.572.578.546        17.785.818.516             PT Bank Pan Indonesia Tbk
             PT Bank Negara Indonesia (Persero) Tbk          12.672.840.255        15.844.676.156             PT Bank Negara Indonesia (Persero) Tbk
             PT Bank Rakyat Indonesia (Persero) Tbk           6.035.560.019         6.433.625.019             PT Bank Rakyat Indonesia (Persero) Tbk
             PT Bank Maybank Indonesia Tbk                    5.765.949.950             9.046.921             PT Bank Maybank Indonesia Tbk
             PT Bank Tabungan Negara (Persero) Tbk            4.008.449.987         4.797.428.185             PT Bank Tabungan Negara (Persero) Tbk
             PT Bank BNI Syariah                              2.615.702.840         2.950.318.840             PT Bank BNI Syariah
             PT Bank UOB Indonesia                            1.060.663.338         1.037.411.740             PT Bank UOB Indonesia
             PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
                Jawa Barat dan Banten Tbk                      481.394.538            577.887.038                Jawa Barat dan Banten Tbk
             PT Bank KEB Hana Indonesia                        190.360.000            190.360.000             PT Bank KEB Hana Indonesia
             PT Bank China Construction                                                                       PT Bank China Construction
                Bank Indonesia Tbk                             142.352.907            214.410.749                Bank Indonesia Tbk
             PT Bank CIMB Niaga Tbk                            124.287.792            124.847.792             PT Bank CIMB Niaga Tbk
             PT Bank Mandiri (Persero) Tbk                      50.000.000             50.000.000             PT Bank Mandiri (Persero) Tbk
             PT Bank DKI                                         3.043.204              3.163.204             PT Bank DKI
          Jumlah - bank                                     138.069.887.750       163.990.202.826         Total - cash in banks

      Deposito berjangka yang dibatasi
         penggunaannya - pihak ketiga                                                                 Restricted time deposits - third parties
         Rupiah                                                                                          Rupiah
             PT Bank CIMB Niaga Tbk                          46.375.839.170        53.750.761.588             PT Bank CIMB Niaga Tbk
             PT Bank Maybank Indonesia Tbk                   13.594.304.590        16.500.714.948             PT Bank Maybank Indonesia Tbk
             PT Bank Permata Tbk                             13.063.607.982        16.265.883.162             PT Bank Permata Tbk
             PT Bank Pan Indonesia Tbk                        9.624.911.106        10.507.359.493             PT Bank Pan Indonesia Tbk
             PT Bank Mandiri (Persero) Tbk                    5.903.702.716         8.983.160.378             PT Bank Mandiri (Persero) Tbk
             PT Bank Central Asia Tbk                         3.186.489.546         3.988.739.284             PT Bank Central Asia Tbk
             PT Bank OCBC NISP Tbk                            3.026.448.719         6.948.026.451             PT Bank OCBC NISP Tbk
             PT Bank Danamon Indonesia Tbk                    2.388.334.853         3.721.417.364             PT Bank Danamon Indonesia Tbk
             PT Bank Syariah Mandiri                          1.830.010.601         2.369.708.430             PT Bank Syariah Mandiri
             PT Bank China Construction                                                                       PT Bank China Construction
                 Bank Indonesia Tbk                           1.042.811.487         1.135.789.893                 Bank Indonesia Tbk
             PT Bank Negara Indonesia (Persero) Tbk           1.032.267.416         1.032.267.416             PT Bank Negara Indonesia (Persero) Tbk
             PT Bank UOB Indonesia                              710.000.000           710.000.000             PT Bank UOB Indonesia
             PT Bank Rakyat Indonesia (Persero) Tbk             579.670.182           579.670.182             PT Bank Rakyat Indonesia (Persero) Tbk
             PT Bank Tabungan Negara (Persero) Tbk              419.184.060           296.096.560             PT Bank Tabungan Negara (Persero) Tbk
          Jumlah - deposito berjangka                       102.777.582.428       126.789.595.149         Total - time deposits
   Jumlah kas dan deposito
      yang dibatasi penggunaannya - lancar                  240.847.470.178       290.779.797.975     Total restricted cash and time deposits - current


   Kas dan deposito yang dibatasi
      penggunaannya - tidak lancar:                                                               Restricted cash and time deposits - non-current:
      Bank yang dibatasi penggunaannya - pihak ketiga                                                Restricted cash in banks - third parties
         Rupiah                                                                                           Rupiah
             PT Bank Central Asia Tbk                        19.083.131.764         7.253.546.745             PT Bank Central Asia Tbk
             PT Bank Pembangunan Daerah                                                                       PT Bank Pembangunan Daerah
                Jawa Barat dan Banten Tbk                     4.677.952.107         4.648.231.867                Jawa Barat dan Banten Tbk
             PT Bank Tabungan Negara (Persero) Tbk            3.933.048.749         4.166.428.400             PT Bank Tabungan Negara (Persero) Tbk
             PT Bank Pan Indonesia Tbk                        1.890.549.470         1.650.062.447             PT Bank Pan Indonesia Tbk
             PT Bank DKI                                        584.126.523           681.587.926             PT Bank DKI
             PT Bank Negara Indonesia (Persero) Tbk             374.801.627           374.801.627             PT Bank Negara Indonesia (Persero) Tbk
             PT Bank Rakyat Indonesia (Persero) Tbk             133.725.000           133.725.000             PT Bank Rakyat Indonesia (Persero) Tbk
          Jumlah - bank                                      30.677.335.240        18.908.384.012         Total - cash in banks




                                                                      - 61 -
Page 374
PT INTILAND DEVELOPMENT Tbk                                                                           PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                   (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                     Otherwise Stated)


                                                                   2025                   2024

   Kas dan deposito yang dibatasi
      penggunaannya - tidak lancar:                                                                       Restricted cash and time deposits - non-current:
      Deposito berjangka yang dibatasi
         penggunaannya - pihak ketiga                                                                        Restricted time deposits - third parties
         Rupiah                                                                                                 Rupiah
             PT Bank Maybank Indonesia Tbk                       16.163.096.285          2.047.297.236               PT Bank Maybank Indonesia Tbk
             PT Bank Central Asia Tbk                            13.782.899.357         15.913.956.498               PT Bank Central Asia Tbk
             PT Bank CIMB Niaga Tbk                               8.649.115.999         12.830.330.054               PT Bank CIMB Niaga Tbk
             PT Bank Pan Indonesia Tbk                            5.060.457.008          5.018.479.591               PT Bank Pan Indonesia Tbk
             PT Bank OCBC NISP Tbk                                3.468.894.957            917.582.819               PT Bank OCBC NISP Tbk
             PT Bank Permata Tbk                                  2.152.761.955                      -               PT Bank Permata Tbk
             PT Bank Tabungan Negara (Persero) Tbk                1.706.281.620          1.824.003.620               PT Bank Tabungan Negara (Persero) Tbk
             PT Bank Mandiri (Persero) Tbk                        1.293.639.900            664.850.000               PT Bank Mandiri (Persero) Tbk
             PT Bank UOB Indonesia                                  814.415.022          1.065.994.228               PT Bank UOB Indonesia
             PT Bank Rakyat Indonesia (Persero) Tbk                 238.337.647            125.837.647               PT Bank Rakyat Indonesia (Persero) Tbk
             PT Bank Negara Indonesia (Persero) Tbk                 138.959.000            138.959.000               PT Bank Negara Indonesia (Persero) Tbk
          Jumlah - deposito berjangka                            53.468.858.750         40.547.290.693           Total - time deposits
   Jumlah kas dan deposito
      yang dibatasi penggunaannya - tidak lancar                 84.146.193.990         59.455.674.705       Total restricted cash and time deposits - non-current


   Suku bunga deposito berjangka per tahun                   1,90% - 6,25%            2,00% - 6,25%          Interest rate per annum on time deposits


   Rekening bank yang dibatasi penggunaannya                                             The restricted cash in banks represents escrow
   merupakan rekening penampungan yang digunakan                                         accounts, which are used as collateral relating to
   sebagai jaminan sehubungan dengan fasilitas Kredit                                    housing and apartment loans.
   Kepemilikan Rumah dan Apartemen.

   Deposito berjangka yang dibatasi penggunaannya                                        The restricted time deposits represents time
   merupakan deposito berjangka milik Grup yang                                          deposits of the Group which were pledged as
   digunakan sebagai jaminan atas fasilitas kredit                                       collateral for housing and apartment loans.
   Kepemilikan Rumah dan Apartemen.


13. Tanah yang Belum Dikembangkan                                                  13. Land for Development

                                                          2025                                   2024
                                          Luas Tanah/                              Luas Tanah/
                 Lokasi                    Land Area         Jumlah/Total           Land Area          Jumlah/Total                       Location
                                              m2                                       m2

   Tangerang, Banten                          2.813.410      510.038.296.759         2.813.410          754.268.545.119      Tangerang, Banten
   Graha Famili, Surabaya                        75.810      497.724.503.062            78.740          500.595.251.193      Graha Famili, Surabaya
   Maja,Banten                               10.686.770      496.728.215.112        10.686.770          556.125.072.004      Maja,Banten
   Dharmo Harapan, Surabaya                      38.075      354.720.578.592            47.495          442.479.526.924      Dharmo Harapan, Surabaya
   Kebon Melati, Jakarta                         25.582      310.944.545.498            25.582          311.116.955.754      Kebon Melati, Jakarta
   Serang                                       868.614      267.573.438.996           868.614          267.573.438.996      Serang
   Lontar                                       207.906      205.217.917.575           206.483          183.841.391.259      Lontar
   TB Simatupang                                 13.329      201.054.572.795            13.329          201.054.572.795      TB Simatupang
   Ploso                                      1.764.292      157.633.690.057         1.690.991          138.033.020.459      Ploso
   Jombang                                    1.624.453       99.767.543.335         1.523.939           83.688.684.028      Jombang
   Pantai Mutiara                                10.603       83.289.296.558            10.603           83.188.840.558      Pantai Mutiara
   Talaga Bestari, Cikupa                       826.581       73.307.666.138           826.581           70.517.676.875      Talaga Bestari, Cikupa
   Gandaria, Jakarta                             36.222       72.558.590.688            36.222           72.558.590.688      Gandaria, Jakarta
   Pondok Pinang                                10.957        61.160.809.323           10.957           61.160.809.323       Pondok Pinang
   Pantai Timur, Surabaya                       473.811       55.160.915.626           473.811           55.160.915.626      Pantai Timur, Surabaya
   Serenia Hills                                  4.613       34.757.750.078             6.207           43.468.563.432      Serenia Hills
   Bukit Sampe, Trawas                          316.409       31.927.552.270           316.409           31.885.552.270      Bukit Sampe, Trawas
   Jajar Tunggal                                 48.704       23.041.202.103            48.704           23.041.202.103      Jajar Tunggal
   Wiyung                                         9.965        6.245.898.145             9.965            6.230.218.145      Wiyung
   Embong Gayam                                     741        5.737.658.877               741            5.737.658.877      Embong Gayam
   Bukit Pencu, Surabaya                        329.628        3.134.934.101           329.628            3.134.490.101      Bukit Pencu, Surabaya
   Tambang Sirtu Porong                          93.835        1.742.179.419            93.835            1.742.179.419      Tambang Sirtu Porong

   Jumlah                                    20.280.310    3.553.467.755.107       20.119.016         3.896.603.155.948      Total




                                                                          - 62 -
Page 375
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


   Mutasi tanah yang belum dikembangkan adalah                       Movements in land for development:
   sebagai berikut:

                                                  2025                 2024

   Saldo awal                                3.896.603.155.948    3.659.395.961.185    Beginning balance
   Penambahan                                   78.045.837.971      189.489.342.613    Additions
   Pengurangan                                               -       (8.400.541.315)   Deductions
   Penurunan nilai                            (462.247.452.217)                   -    Impairment
   Reklasifikasi                                41.066.213.405       56.118.393.465    Reclassification

   Saldo akhir                               3.553.467.755.107    3.896.603.155.948    Ending balance


   Pada tahun 2025, tanah yang belum dikembangkan                    In 2025, land for development amounting to
   dengan nilai tercatat sebesar Rp 40.239.368.907                   Rp 40,239,368,907 was reclassified from land
   direklasifikasi dari persediaan tanah yang sedang                 under development (Note 8).
   dikembangkan (Catatan 8).

   Pada tahun 2024, tanah yang belum dikembangkan                    In 2024, land for development amounting to
   dengan nilai tercatat sebesar Rp 3.187.043.064                    Rp 3,187,043,064 was reclassified to land under
   direklasifikasi ke persediaan tanah yang sedang                   development (Note 8).
   dikembangkan (Catatan 8).

   Pada tahun 2025 dan 2024, tanah yang belum                        In 2025 and 2024, land for development amounting
   dikembangkan dengan nilai tercatat masing-masing                  to Rp 826,844,498 and Rp 59,305,436,529 was
   sebesar Rp 826.844.498 dan Rp 59.305.436.529                      reclassified from investment property (Note 15).
   direklasifikasi dari properti investasi (Catatan 15).

   Tanah      yang    belum     dikembangkan     seluas              Land for development measuring 566,411 square
   566.411 m2 dan 650.426 m2 dijadikan jaminan atas                  meters and 650,426 square meters as of
   pinjaman bank jangka pendek dan jangka panjang                    December 31, 2025 and 2024, respectively, are
   tertentu, utang sukuk ijarah, dan pinjaman dari pihak             used as collateral for certain short-term and
   ketiga masing-masing pada tanggal 31 Desember                     long-term bank loans, sukuk ijarah payable, and
   2025 dan 2024 (Catatan 19, 20 dan 22).                            loan from third parties (Notes 19, 20 and 22).

   Pada tanggal 31 Desember 2025 dan 2024, luas                      As of December 31, 2025 and 2024, the land titles
   tanah yang belum dikembangkan masing-masing                       of these land for development representing 10.19%
   sebesar 10,19% dan 10,35% tercatat atas nama                      and 10.35%, respectively, are under the Group’s
   Grup, sedangkan masing-masing sebesar 89,81%                      name, while, 89.81% and 89.65%, respectively,
   dan 89,65% tercatat atas nama pihak ketiga dalam                  are still under the third parties’ names. The
   sertifikat tanah. Perusahaan berkeyakinan bahwa                   management believes that there will be no problem
   tidak terdapat masalah dengan hak kepemilikan atas                on the transfers of ownership rights to the Group of
   tanah tersebut.                                                   these land for development.

   Manajemen telah membentuk cadangan kerugian                       Management has established an allowance for
   penurunan     nilai  atas    tanah   yang     belum               impairment loss on land for development
   dikembangkan sebesar Rp 462.247.452.217 atas                      amounting to Rp 462,247,452,217, based on the
   pertimbangan bahwa nilai tercatat aset tersebut tidak             consideration that the carrying amount of these
   dapat direalisasikan sepenuhnya pada tanggal                      assets may not be fully recoverable as of
   31 Desember 2025. Manajemen berkeyakinan bahwa                    December 31, 2025. Management believes that
   cadangan tersebut telah memadai untuk menutup                     the allowance is adequate to cover potential losses
   potensi kerugian yang akan timbul.                                that may arise.

   Manajemen berpendapat bahwa tidak terdapat                        Management believes that there is no impairment
   penurunan nilai atas aset tersebut pada tanggal                   in value of the aforementioned assets as of
   31 Desember 2024.                                                 December 31, 2024.




                                                         - 63 -
Page 376
PT INTILAND DEVELOPMENT Tbk                                                                                                                         PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                                                 (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                                   Otherwise Stated)


14. Investasi pada Entitas Asosiasi dan Ventura                                                                             14. Investments in Associates and Joint Ventures
    Bersama

   Nilai tercatat investasi pada entitas asosiasi dan                                                                                    Details of the Group’s investment in associates
   ventura bersama diuraikan sebagai berikut:                                                                                            and joint ventures follows:

                                                                                                     2025                                2024

   Investasi pada entitas asosiasi                                                             211.448.964.097                        212.413.673.166             Investments in associates
   Investasi pada ventura bersama                                                              149.339.299.295                        140.140.141.730             Investments in joint ventures

   Jumlah                                                                                      360.788.263.392                        352.553.814.896             Total



   a. Entitas Asosiasi                                                                                                                   a. Associates

      Investasi pada entitas asosiasi adalah sebagai                                                                                         Details of investments in associates are as
      berikut:                                                                                                                               follows:
                                                                                                               Persentase Kepemilikan/
                                                    Domisili/         Jenis usaha/          Status operasi/    Percentage of Ownership             31 Desember/December 31
                                                    Domicile       Nature of business      Operation status     2025            2024              2025                2024
                                                                                                                 %                %
      Investasi Saham                                                                                                                                                                 Investments in shares of stock details of
      Metode Ekuitas                                                                                                                                                                  Equity method
        Biaya perolehan                                                                                                                                                                 Cost
                                                                                          Belum beroperasi/
          PT Mahkota Kemayoran Realty                Jakarta    Real estat/Real estate    Non operating        40,00            40,00        103.200.000.000       103.200.000.000        PT Mahkota Kemayoran Realty
                                                                                          Sudah beroperasi/
          PT Inti Mitbana Development                Jakarta    Real estat/Real estate    Operating            30,00            30,00           89.040.000.000      81.300.000.000        PT Inti Mitbana Development
                                                                                          Belum beroperasi/
          PT Hotel Taman Harapan Indah               Jakarta    Hotel/Hotel               Non operating        50,00            50,00           40.000.000.000      40.000.000.000        PT Hotel Taman Harapan Indah
                                                                Penyewaan ruang kantor/   Sudah beroperasi/
          PT Puri Pariwara                          Surabaya      Office space rental     Operating            39,69            39,69           20.285.925.612      20.285.925.612        PT Puri Pariwara
                                                                Infrastruktur hosting/    Belum beroperasi/
          PT Inti Arunika Persada                    Jakarta    Hosting infrastructure    Non operating        50,00              -              2.500.000.000                   -        PT Inti Arunika Persada
                                                                                          Belum beroperasi/
          PT Adiwarna Harapan Nusantara              Jakarta    Real estat/Real estate    Non operating        50,00            50,00              150.000.000         150.000.000        PT Adiwarna Harapan Nusantara

        Jumlah                                                                                                                               255.175.925.612       244.935.925.612      Total

        Akumulasi bagian laba (rugi) entitas
          asosiasi                                                                                                                                                                      Accumulated share in net income (loss) of associates
          Saldo awal                                                                                                                             4.174.656.323      17.524.501.645        Beginning balance
          Dilusi investasi atas entitas asosiasi                                                                                                             -      45.596.219.074        Dilution of investment in associates
          Penjualan investasi atas entitas asosiasi                                                                                                          -       2.057.686.596        Sale of investment in associates
          Dividen/bagi hasil yang diterima                                                                                                      (3.448.890.716)    (58.622.631.502)       Dividends received/profit sharing
          Bagian laba (rugi) tahun berjalan                                                                                                     (7.704.940.544)     (2.428.199.494)       Share in profit (loss) for the year
          Bagian penghasilan komprehensif lain tahun berjalan                                                                                      (50.877.809)         47.080.004        Share in other comprehensive income for the year

          Saldo akhir                                                                                                                           (7.030.052.746)      4.174.656.323        Ending balance

        Keuntungan yang belum direalisasi dari transaksi
          dengan entitas asosiasi                                                                                                            (36.696.908.769)      (36.696.908.769)     Unrealized gains on transactions with the associates

        Bersih                                                                                                                               211.448.964.097       212.413.673.166      Net




      PT Inti Arunika Persada                                                                                                                PT Inti Arunika Persada

      Pada tanggal 24 Juli 2025, PT Intiland Alfa Rendita                                                                                    On July 24, 2025, PT Intiland Alfa Rendita
      (IAR), entitas anak, dan PT Solusi Data Cepat                                                                                          (IAR), a subsidiary, and PT Solusi Data Cepat
      mendirikan PT Inti Arunika Persada (IAPersada)                                                                                         established PT Inti Arunika Persada
      dengan modal disetor sebesar Rp 5.000.000.000                                                                                          (IAPersada)     with paid-up capital       of
      atau mencerminkan 5.000 saham dengan nilai                                                                                             Rp 5,000,000,000 or representing 5,000
      nominal Rp 1.000.000 per saham. Bagian                                                                                                 shares, with a nominal value of Rp 1,000,000
      kepemilikan IAR pada IAPersada adalah sebesar                                                                                          per share. The IAR ownership interest in
      50%.                                                                                                                                   IAPersada is 50%.




                                                                                                              - 64 -
Page 377
PT INTILAND DEVELOPMENT Tbk                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                        Otherwise Stated)


      PT Inti Mitbana Development (IMD)                         PT Inti Mitbana Development (IMD)

      Pada 2025, para pemegang saham IMD                        In 2025, the stockholders agreed to increase
      menyetujui peningkatan modal ditempatkan dan              IMD’s issued and paid-up capital stock
      disetor sebesar Rp 25.800.000.000. Bagian                 amounting to Rp 25,800,000,000. PT Sinar
      PT Sinar Puspapersada (SPP) atas peningkatan              Puspapersada (SPP)’s share in this increase
      ini sebesar Rp 7.740.000.000. Peningkatan ini             amounted to Rp 7,740,000,000. There was no
      dilakukan secara proporsional sehingga komposisi          change in the ownership interest of
      kepemilikan saham IMD tidak berubah.                      stockholders since the increase was done
                                                                proportionately.

      Berdasarkan Pernyataan Keputusan Pemegang                 Based on Stockholders’ Decision Statement
      Saham IMD yang didokumentasikan dalam Akta                of IMD which documented on Notarial Deed
      No. 17 tanggal 17 September 2024 dari Laurens             No. 17 dated September 17, 2024 of Laurens
      Gunawan, S.H., M.Kn., notaris publik di Jakarta,          Gunawan, S.H., M.Kn., a public notary in
      para pemegang saham menyetujui untuk                      Jakarta, the stockholders agreed to increase
      meningkatkan modal ditempatkan dan disetor dari           its issued and paid-up capital from
      Rp 248.000.000.000 terdiri dari 248.000 saham             Rp 248,000,000,000 consisting of 248,000
      menjadi Rp 271.000.000.000 terdiri dari 271.000           shares to Rp 271,000,000,000 consisting of
      saham. Bagian SPP atas peningkatan modal ini              271,000 shares. The share of SPP in this
      adalah sebesar Rp 6.900.000.000 dalam bentuk              increase amounted to Rp 6,900,000,000 in the
      setoran tunai. Kenaikan tersebut dilakukan secara         form of cash deposits. The increase in paid-up
      proporsional sehingga komposisi persentase                capital was done proportionately, thus, no
      kepemilikan saham sebelum dan sesudah                     change in ownership interest of the
      kenaikan modal tidak berubah.                             stockholders.

      Pada tahun 2024, SPP mengakui penjualan tanah             In 2024, SPP recognized sale of land to IMD.
      kepada IMD. Bagian keuntungan yang belum                  Unrealized gain on this transaction amounted
      direalisasi dari transaksi tersebut sebesar               to Rp 1,229,098,583, representing ownership
      Rp 1.229.098.583 atau mencerminkan persentase             interest of SPP in IMD of 30%.
      kepemilikan SPP pada IMD sebesar 30%.

      PT Puri Pariwara (PP)                                     PT Puri Pariwara (PP)

      Berdasarkan Akta Notaris No. 10 tanggal 12 Maret          Based on Notarial Deed No. 10 dated
      2025 dari Miryany Usman, S.H., notaris di Jakarta,        March 12, 2025 from Miryany Usman, S.H.,
      para pemegang saham menyetujui untuk                      notary in Jakarta, the shareholders agreed to
      melakukan      pembagian     dividen      sebesar         distribute    dividends       amounting    to
      Rp 8.688.962.291 kepada para pemegang saham               Rp      8,688,962,291      to    shareholders
      secara proporsional sesuai dengan kepemilikan             proportionally according to share ownership.
      saham. Bagian Grup atas pembagian dividen                 The share of the Group on this dividend
      adalah sebesar Rp 3.448.890.716.                          amounted to Rp 3,448,890,716.

      Berdasarkan Akta Notaris No. 4 tanggal 4 Maret            Based on Notarial Deed No. 4 dated
      2024 dari Miryany Usman, S.H., notaris di Jakarta,        March 4, 2024 from Miryany Usman, S.H.,
      para pemegang saham menyetujui untuk                      notary in Jakarta, the shareholders agreed to
      melakukan      pembagian    dividen       sebesar         distribute    dividends       amounting    to
      Rp 7.898.000.000 kepada para pemegang saham               Rp      7,898,000,000      to    shareholders
      secara proporsional sesuai dengan kepemilikan             proportionally according to share ownership.
      saham. Bagian Grup atas pembagian dividen                 The share of the Group on this dividend
      adalah sebesar Rp 3.134.935.791.                          amounted to Rp 3,134,935,791.




                                                      - 65 -
Page 378
PT INTILAND DEVELOPMENT Tbk                                                PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                        (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                          Otherwise Stated)


      PT Adiwarna Harapan Nusantara (AHN)                         PT Adiwarna Harapan Nusantara (AHN)

      Berdasarkan Pernyataan Keputusan Pemegang                   Based on Stockholders’ Decision Statement
      Saham AHN yang didokumentasikan dalam Akta                  of AHN which documented on Notarial Deed
      No. 11 tanggal 22 November 2024 dari Melanie                No. 11 dated November 22, 2024 of Melanie
      Sidharta, S.H., M.Kn., notaris di Jakarta, para             Sidharta, S.H., M.Kn., a notary in Jakarta, the
      pemegang saham menyetujui untuk menurunkan                  stockholders agreed to decrease its issued
      modal ditempatkan dan disetor dari Rp 2 milyar              and paid-up capital from Rp 2 billion consisting
      terdiri dari 2.000 saham menjadi Rp 300 juta terdiri        of 2,000 shares to Rp 300 million consisting of
      dari 150 saham. Bagian PSU atas penurunan                   150 shares. The share of PSU in this decrease
      modal ini adalah sebesar Rp 150 juta. Penurunan             amounted to Rp 150 million. The decrease in
      tersebut dilakukan secara proporsional sehingga             paid-up capital was done proportionately,
      komposisi       persentase  kepemilikan     saham           thus, no change in ownership interest of the
      sebelum dan sesudah penurunan modal tidak                   stockholders.
      berubah.

      PT Inti Menara Jaya (IMJ)                                   PT Inti Menara Jaya (IMJ)

      Berdasarkan Keputusan Sirkular Pemegang                     Based on the Circular Decision of IMJ
      Saham IMJ tanggal 13 Desember 2024, para                    Shareholders dated December 13, 2024, IMJ
      pemegang saham IMJ menyetujui pengurangan                   shareholders approved a reduction in
      modal dasar dan modal ditempatkan dan disetor               authorized capital and issued and paid-up
      IMJ dan menyetujui pengalihan seluruh saham                 capital of IMJ and approved the transfer of all
      milik PT Intisarana Ekaraya, entitas anak,                  shares owned by PT Intisarana Ekaraya, a
      sejumlah 30.898 lembar kepada pihak-pihak ketiga            subsidiary, amounting to 30,898 shares to
      dengan harga jual sebesar Rp 2.902.675.377. Atas            third    parties   for   selling   price    of
      transaksi ini, Grup mengakui kerugian sebesar               Rp 2,902,675,377. In this transaction, the
      Rp 2.056.465.678.                                           Group recognized loss amounting to
                                                                  Rp 2,056,465,678.

      PT Intiland Infinita (Infinita)                             PT Intiland Infinita (Infinita)

      Berdasarkan Akta No. 4 tanggal 16 Mei 2024 dari             Based on Deed No. 4 dated May 16, 2024
      Melanie Sidharta, S.H., M.Kn., notaris publik di            from Melanie Sidharta, S.H., M.Kn., a public
      Jakarta, PT Intiland Infinita memperoleh                    notary in Jakarta, PT Intiland Infinita obtained
      persetujuan Keputusan Pemegang Saham untuk                  the approval from stockholders for the
      meningkatkan modal ditempatkan dan disetor                  increase in issued and paid-up capital through
      dengan mengeluarkan 2.970.000.000 lembar                    issuance of 2,970,000,000 shares which the
      saham yang seluruhnya diambil oleh PT Permata               whole       thing     were        issued       to
      Tunggal Jaya, pihak ketiga. Dengan demikian,                PT Permata Tunggal Jaya, a third party.
      kepemilikan Perusahaan pada PT Intiland Infinita            Accordingly, the ownership interest of the
      menurun dari 30,00% menjadi 10,07%.                         Company in PT Intiland Infinita decreased
                                                                  from 30.00% to 10.07%.

      PT Adhibaladika Agung (AA)                                  PT Adhibaladika Agung (AA)

      Pada tahun 2024, AA membagikan dividen tunai                In 2024, AA agreed to distribute cash
      kepada      pemegang    saham       sebesar                 dividends to stockholders amounting to
      Rp 277.438.478.558. Bagian Grup atas                        Rp 277,438,478,558. The share of the Group
      pembagian dividen tunai adalah sebesar                      on this cash dividend amounted to
      Rp 55.487.695.711.                                          Rp 55,487,695,711.




                                                        - 66 -
Page 379
PT INTILAND DEVELOPMENT Tbk                                                                                                           PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                                   (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                     Otherwise Stated)


      Berdasarkan Perjanjian Jual Beli Saham tanggal                                                                            Based on the Sale and Purchase Agreement
      21 Agustus 2024, IG, entitas anak, menjual seluruh                                                                        of Shares dated August 21, 2024, IG, a
      kepemilkan 2.400 lembar saham atau 20% saham                                                                              subsidiary, sold all of its 2,400 shares or 20%
      kepemilikannya di AA kepada PT Adhibalaraja,                                                                              ownership interest in AA to PT Adhibalaraja, a
      pihak ketiga, dengan harga jual sebesar                                                                                   third party, for a selling price of
      Rp 38 milyar. Atas transaksi ini, Grup mengakui                                                                           Rp 38 billion. In this transaction, the Group
      kerugian sebesar Rp 10.126.993.548.                                                                                       recognized        loss        amounting       to
                                                                                                                                Rp 10,126,993,548.

      Ikhtisar informasi keuangan                             entitas asosiasi                                                  The condensed financial information of the
      adalah sebagai berikut:                                                                                                   associates follows:
                                                                             31 Desember 2025/December 31, 2025
                                           PT Mahkota           PT Inti Mitbana      PT Hotel Taman                                    PT Adiwarna
                                         Kemayoran Realty        Development          Harapan Indah        PT Puri Pariwara         Harapan Nusantara
      Aset                                                                                                                                                  Assets
         Lancar                             4.795.579.014         41.945.623.591      62.926.687.547           71.320.987.340              29.991.885          Current
         Tidak lancar                     220.367.373.395        245.578.002.317      32.383.665.287           66.852.621.742             479.440.400          Noncurrent
      Jumlah                              225.162.952.409        287.523.625.908      95.310.352.834          138.173.609.082             509.432.285       Total

      Liabilitas                                                                                                                                            Liabilities
         Jangka pendek                         45.057.134         29.115.632.053      15.272.250.627           20.326.674.929               9.000.000          Current
         Jangka panjang                     3.200.000.000         25.194.982.473       1.578.000.000            9.806.323.717             300.000.000          Noncurrent
      Jumlah                                3.245.057.134         54.310.614.526      16.850.250.627           30.132.998.646             309.000.000       Total

      Pendapatan                                         -         1.928.583.530                       -       49.740.803.456                          -    Revenues

      Beban                                 (4.876.113.965)      (35.128.350.660)        (417.948.685)        (38.574.168.720)            (98.714.815)      Expenses

      Laba (rugi) tahun berjalan            (4.876.113.965)      (33.199.767.130)        (417.948.685)         11.166.634.736             (98.714.815)      Profit (loss) for the year

      Rugi komprehensif                                                                                                                                     Other comprehensive

         lain                                            -                     -                       -           (128.179.000)                       -       loss

      Jumlah penghasilan (rugi)                                                                                                                             Total comprehensive
         komprehensif                       (4.876.113.965)      (33.199.767.130)        (417.948.685)         11.038.455.736             (98.714.815)         income (loss)



                                                                            31 Desember 2024/December 31, 2024
                                           PT Mahkota           PT Inti Mitbana      PT Hotel Taman                                   PT Adiwarna
                                         Kemayoran Realty        Development          Harapan Indah      PT Puri Pariwara          Harapan Nusantara
      Aset                                                                                                                                                 Assets
         Lancar                             7.142.477.720         24.872.528.757          3.593.392           65.544.517.353               4.147.100          Current
         Tidak lancar                     220.480.087.734        241.031.101.405     79.867.952.500           66.550.406.449             369.868.455          Noncurrent
      Jumlah                              227.622.565.454        265.903.630.162     79.871.545.892          132.094.923.802             374.015.555       Total

      Liabilitas                                                                                                                                           Liabilities
         Jangka pendek                         28.556.214          2.988.822.282        993.495.000           19.775.750.311              74.868.455          Current
         Jangka panjang                     5.800.000.000          9.402.029.368                  -            6.627.289.228                       -          Noncurrent
      Jumlah                                5.828.556.214         12.390.851.650        993.495.000           26.403.039.539              74.868.455       Total

      Pendapatan                                         -                     -                   -          48.406.976.694                       -       Revenues

      Beban                                 (4.301.928.813)      (19.545.756.185)      (160.914.725)         (38.183.171.325)               (852.900)      Expenses

      Laba (rugi) tahun berjalan            (4.301.928.813)      (19.545.756.185)      (160.914.725)          10.223.805.369                (852.900)      Profit (loss) for the year

      Penghasilan komprehensif                                                                                                                             Other comprehensive

         lain                                            -                     -                   -            118.611.000                        -          income

      Jumlah penghasilan (rugi)                                                                                                                            Total comprehensive
         komprehensif                       (4.301.928.813)      (19.545.756.185)      (160.914.725)          10.342.416.369                (852.900)         income (loss)




   b. Ventura Bersama                                                                                                   b. Joint Ventures

      Rincian dari ventura bersama pada tanggal                                                                                 Details of the Group’s joint venture as of
      31 Desember 2025 dan 2024 adalah sebagai                                                                                  December 31, 2025 and 2024 follows:
      berikut:

                                                                                                  Kepemilikan/                      Hak Suara/
                Nama Ventura Bersama/                          Lokasi Usaha/                       Ownership                       Voting Rights                                  Aktivitas Utama/
                 Name of Joint Venture                       Place of Business                        %                                 %                                         Principal Activity

      Badan Kerjasama Graha Pratama                               Jakarta                                  30,00                       30,00                 Persewaan kantor/Rental office space
      PT Graha Abdael Sukses                                     Surabaya                                  55,00                       50,00                 Real Estat/Real estate



                                                                                          - 67 -
Page 380
PT INTILAND DEVELOPMENT Tbk                                                                                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                           For the Years Ended
31 Desember 2025 dan 2024                                                                                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                            Otherwise Stated)


      Perubahan dalam kepentingan pada ventura                                                                                         Movement of interests in the joint ventures can
      bersama adalah sebagai berikut:                                                                                                  be summarized as follows:

                                                                                                      Persentase Kepemilikan/
                                                                Domisili/         Jenis usaha/        Percentage of Ownership       31 Desember/December 31
                                                                Domicile       Nature of business      2025            2024        2025                2024
                                                                                                        %                %
      Investasi Saham                                                                                                                                                  Investments in shares of stock details of
      Metode ekuitas                                                                                                                                                   Equity method
        Biaya perolehan                                                                                                                                                  Cost
                                                                            Penyewaan ruang kantor/
          Badan Kerjasama Graha Pratama                          Jakarta     Office space rental      30,00            30,00     32.100.000.000      32.100.000.000        Badan Kerjasama Graha Pratama
          PT Graha Abdael Sukses                                Surabaya    Real estat/Real estate    55,00            55,00     63.921.000.000      63.921.000.000        PT Graha Abdael Sukses

          Jumlah                                                                                                                 96.021.000.000      96.021.000.000        Total

        Akumulasi bagian laba (rugi) ventura bersama                                                                                                                     Accumulated share in net income (loss) of joint ventures
          Saldo awal                                                                                                            44.119.141.730      (27.464.300.835)       Beginning balance
          Dividen/bagi hasil yang diterima                                                                                      (6.300.000.000)      (4.200.000.000)       Dividends received/profit sharing
          Bagian laba tahun berjalan                                                                                            15.478.444.679       75.768.616.683        Share in profit for the year
          Bagian penghasilan komprehensif lain tahun berjalan                                                                       20.712.886           14.825.882        Share in other comprehensive income for the year

          Saldo akhir                                                                                                           53.318.299.295       44.119.141.730        Ending balance

        Bersih                                                                                                                  149.339.299.295     140.140.141.730      Net


      Pada tanggal 31 Desember 2025 dan 2024, Badan                                                                                   Badan Kerjasama Graha Pratama (BKGP)
      Kerjasama Graha Pratama (BKGP) membagikan                                                                                       distributed   dividends    amounting     to
      keuntungan kepada pemegang saham masing-                                                                                        Rp 21,000,000,000 and Rp 14,000,000,000 in
      masing sebesar Rp 21.000.000.000 dan                                                                                            2025 and 2024, respectively. The portion of
      Rp 14.000.000.000. Bagian Perusahaan atas                                                                                       dividends distributed by BKGP to the
      pembagian keuntungan ini adalah masing-masing                                                                                   Company amounted to Rp 6,300,000,000 and
      sebesar Rp 6.300.000.000 dan Rp 4.200.000.000                                                                                   Rp 4,200,000,000 in 2025 and 2024,
      pada tahun 2025 dan 2024.                                                                                                       respectively.

      Badan Kerjasama Graha Pratama                                                                                                    Badan Kerjasama Graha Pratama

      Perusahaan mengadakan perjanjian kerjasama                                                                                       The Company entered into a joint venture
      dengan PT Famharindo untuk mengelola bersama                                                                                     agreement with PT Famharindo for the joint
      Gedung Graha Pratama yang terletak di Jl. M.T.                                                                                   management of the Graha Pratama Building
      Haryono, Jakarta yang mencakup penyewaan dan                                                                                     which is located at Jl. M.T. Haryono, Jakarta
      usaha-usaha lainnya yang berkaitan dengan                                                                                        including rental and other businesses
      pengelolaan, sesuai dengan proporsi kepemilikan                                                                                  related to the administration, based on
      modal dan pembayaran. Dalam perjanjian ini,                                                                                      proportionate ownership and payments.
      PT Famharindo         menyediakan           modal                                                                                Pursuant to this agreement, PT Famharindo
      Rp 74.900.000.000         dan         Perusahaan                                                                                 and the Company provided capital of
      Rp 32.100.000.000 sehingga para pihak bersama-                                                                                   Rp 74,900,000,000 and Rp 32,100,000,000,
      sama memiliki bagian partisipasi 70% dan 30%.                                                                                    respectively, therefore, their share ownership
      Segala keuntungan dan atau kerugian yang akan                                                                                    is 70% and 30%, respectively. All of the gains
      didapat/diterima     selama      berlangsungnya                                                                                  and/or losses that will be derived in relation to
      perjanjian ini akan diatur dengan syarat:                                                                                        this agreement will be shared as follows: 70%
      PT Famharindo akan menerima 70% dan                                                                                              for PT Famharindo and 30% for the Company.
      Perusahaan akan menerima 30%. Perjanjian ini                                                                                     These agreements have been extended
      telah diperpanjang beberapa kali, terakhir sampai                                                                                several times, and the latest is valid until
      dengan 8 Juli 2026.                                                                                                              July 8, 2026.

      Untuk mengurus segala sesuatu yang berkaitan                                                                                     To manage the joint venture, an organization
      dengan pengelolaan tersebut maka dibentuk                                                                                        called Badan Kerjasama Graha Pratama
      badan pengurus yang diberi nama Badan                                                                                            (BKGP) was formed.
      Kerjasama Graha Pratama (BKGP).




                                                                                                           - 68 -
Page 381
PT INTILAND DEVELOPMENT Tbk                                               PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2025 dan 2024                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                       (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                         Otherwise Stated)


      Berdasarkan    perjanjian  kerjasama      antara           Based on the joint venture agreement
      Perusahaan dengan PT Famharindo untuk                      between the Company and PT Famharindo, in
      mengelola bersama Gedung Graha Pratama,                    the operation of Graha Pratama building, if
      maka jika salah satu pihak ternyata terlibat               one of the parties encounters problems on its
      masalah utang piutang dengan pihak ketiga, maka            receivable and payable from and to third
      maksimal yang dapat dibayarkan adalah sebesar              parties, the maximum payment shall be equal
      kompensasi modal yang telah dimasukkan yaitu               to the capital contribution of 70% for
      PT Famharindo 70% dan Perusahaan 30%.                      PT Famharindo and 30% for the Company.

      PT Graha Abdael Sukses (GAS)                               PT Graha Abdael Sukses (GAS)

      Pada tanggal 13 Juli 2020, PT Intiland Grande (IG),        On July 13, 2020, PT Intiland Grande (IG), a
      entitas anak, mengadakan perjanjian kerjasama              subsidiary, entered into a cooperation
      dengan PT Abdael Nusa (AN), pihak ketiga, untuk            agreement with PT Abdael Nusa (AN), a third
      mengembangkan lahan di bidang pengelolaan dan              party, to develop land in the field of
      penjualan tanah-tanah dan/atau tanah dan                   management and sale of land and/or land and
      bangunan seluas 125.465 m2 milik IG yang                   buildings covering an area of 125.465 square
      berlokasi di Kelurahan Gununganyar Tambak.                 meters owned by IG which is located in
      Untuk mengembangkan lahan tersebut maka IG                 Gununganyar Tambak Village. To develop the
      masuk       sebagai        pemegang         saham          land, IG is joint as a shareholder of GAS
      GAS      dimana     IG,    menyediakan       modal         where IG, provides capital amounting of
      sebesar Rp 33.000.000.000 dan AN sebesar                   Rp 33,000,000,000 and AN amounting of
      Rp 27.000.000.000 sehingga para pihak bersama-             Rp 27,000,000,000, so the parties all together
      sama memiliki bagian partisipasi masing-masing             have 55% and 45% participation, respectively.
      sebesar 55% dan 45%.

      Perjanjian kerjasama ini dibuat tanpa jangka waktu         This cooperation agreement is made without a
      kecuali diakhiri atas kesepakatan bersama atau             period of time unless terminated by mutual
      sampai     dengan     terjadinya    hal-hal   yang         agreement or until things occur that cause the
      menyebabkan        berakhirnya/bubarnya      suatu         termination/dissolution of a limited liability
      perseroan terbatas sebagaimana diatur dalam UU             company as regulated in Law No. 40 of 2007
      No. 40 tahun 2007 tentang Perseroan Terbatas               concerning Limited Liability Companies and
      dan Anggaran Dasar GAS.                                    the GAS Articles of Association.

      Berdasarkan Pernyataan Keputusan Pemegang                  Based on Stockholders’ Decision Statement
      Saham GAS yang didokumentasikan dalam Akta                 of GAS which documented on Notarial Deed
      No. 24 tanggal 15 November 2022 dari Julia                 No. 24 dated November 15, 2022 of Julia
      Seloadji, S.H., para pemegang saham menyetujui             Seloadji, S.H., the stockholders agreed to
      untuk meningkatkan modal dasar, ditempatkan                increase its issued and paid-up capital from
      dan disetor dari Rp 60.000.000.000 terdiri dari            Rp 60,000,000,000 consisting of 60,000
      60.000 saham menjadi Rp 116.220.000.000 terdiri            shares to Rp 116,220,000,000 consisting of
      dari 116.220 saham. Bagian IG atas peningkatan             116,220 shares. The share of IG in this
      modal ini adalah sebesar Rp 30.921.000.000.                increase amounted to Rp 30,921,000,000.
      Kenaikan tersebut dilakukan secara proporsional            The increase in paid-up capital was done
      sehingga komposisi persentase kepemilikan                  proportionately, thus, no change in ownership
      saham sebelum dan sesudah kenaikan modal                   interest of the stockholders.
      tidak berubah.




                                                       - 69 -
Page 382
PT INTILAND DEVELOPMENT Tbk                                                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                            For the Years Ended
31 Desember 2025 dan 2024                                                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                             Otherwise Stated)


      Ikhtisar informasi keuangan ventura bersama,                                                    The following summarizes the financial
      tanpa disesuaikan dengan proporsi kepemilikan                                                   information relating to the joint venture,
      Grup, adalah sebagai berikut:                                                                   not adjusted for proportion of ownership:

                                                   31 Desember 2025                               31 Desember 2024
                                        Badan Kerjasama        PT Graha Abdael        Badan Kerjasama          PT Graha Abdael
                                         Graha Pratama              Sukses             Graha Pratama               Sukses

      Aset                                                                                                                          Assets
         Lancar - kas dan setara kas          314.420.665          9.536.991.631            164.487.376           12.994.575.089       Current - cash and cash equivalents
         Lancar - (tidak termasuk kas                                                                                                  Current (excluding cash and
            dan setara kas)                13.546.783.741        351.794.257.562          6.980.907.300          356.958.318.070           cash equivalents)
         Tidak lancar                      32.146.583.898         14.227.253.966         35.990.252.158           22.189.536.672       Noncurrent

         Jumlah                            46.007.788.304        375.558.503.159         43.135.646.834          392.142.429.831       Total


      Liabilitas                                                                                                                    Liabilities
          Jangka pendek                    22.565.791.669         96.292.610.173         11.584.860.318          130.827.624.588        Current
          Jangka panjang                   20.941.385.314          9.068.026.803         19.973.675.082           12.793.498.332        Noncurrent

         Jumlah                            43.507.176.983        105.360.636.976         31.558.535.400          143.621.122.920       Total

      Jumlah ekuitas                        2.500.611.321        270.197.866.183         11.577.111.434          248.521.306.911    Total Equity


      Pendapatan                           35.127.572.052        112.672.994.739         28.641.496.065          399.170.304.338    Revenues
      Beban usaha                         (20.068.147.153)       (84.092.343.583)       (16.176.213.114)        (259.253.716.931)   Operating expenses
      Pendapatan bunga                          1.792.262            321.442.285              2.699.551            1.963.373.288    Interest income
      Lain-lain - bersih                       69.666.785         (4.614.947.016)           (66.695.167)            (176.125.093)   Others - net

      Laba sebelum pajak                   15.130.883.946         24.287.146.425         12.401.287.335          141.703.835.602    Profit before tax
      Beban pajak                          (3.207.384.059)        (2.648.246.946)        (2.563.648.088)          (9.308.699.404)   Tax expense

      Laba tahun berjalan                  11.923.499.887         21.638.899.479          9.837.639.247          132.395.136.198    Profit for the year
      Penghasilan komprehensif lain                     -             37.659.793                      -               26.956.149    Other comprehensive income

      Jumlah penghasilan
         komprehensif                      11.923.499.887         21.676.559.272          9.837.639.247          132.422.092.347    Total comprehensive income




    Grup tidak memiliki liabilitas kontinjensi atau                                            The Group has no share of any contingent liabilities
    komitmen permodalan pada entitas asosiasi dan                                              or capital commitments of its associates and joint
    ventura bersama pada tanggal 31 Desember 2025                                              venture as of December 31, 2025 and 2024.
    dan 2024.

    Manajemen       berpendapat         bahwa         tidak                                    Management believes that there is no impairment
    terdapat penurunan nilai atas investasi tersebut.                                          in value of these investments.


15. Properti Investasi                                                                  15. Investment Properties

    Pada tanggal 31 Desember 2025 dan 2024, properti                                             As of December 31, 2025 and 2024, the Group’s
    investasi Grup adalah tanah dan bangunan yang                                                investment properties consist of land and
    disewakan kepada pihak ketiga.                                                               buildings which are being leased to third parties.




                                                                             - 70 -
Page 383
PT INTILAND DEVELOPMENT Tbk                                                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                        Otherwise Stated)


   Rekonsiliasi jumlah tercatat properti investasi selama                                    Reconciliation of the net carrying amount in this
   tahun 2025 dan 2024 adalah sebagai berikut:                                               account during 2025 and 2024 follows:

                                                                 Perubahan selama tahun 2025/
                                                                     Changes during 2025
                                    1 Januari/       Penambahan/        Pengurangan/          Reklasifikasi/         31 Desember/
                                 January 1, 2025       Additions         Deductions         Reclassification       December 31, 2025

    Biaya perolehan:                                                                                                                    Cost:
     Pemilikan langsung                                                                                                                  Direct ownership
        Tanah                     370.036.557.792                 -                     -       2.230.997.850        372.267.555.642       Land
                                                                                                                                           Buildings and land
        Bangunan dan prasarana   2.187.516.211.235      944.854.897                     -       1.317.127.134       2.189.778.193.266         improvements
                                                                                                                                           Leasehold
       Perbaikan ruangan            1.917.433.411       699.002.946                     -                      -       2.616.436.357          improvements
     Bangunan dalam                                                                                                                      Building under
       konstruksi                     520.012.882        85.922.579                     -                      -         605.935.461            construction

    Jumlah                       2.559.990.215.320    1.729.780.422                     -        3.548.124.984      2.565.268.120.726   Total

    Akumulasi penyusutan:                                                                                                               Accumulated depreciation:
     Pemilikan langsung                                                                                                                  Direct ownership
                                                                                                                                           Buildings and land
        Bangunan dan prasarana    921.305.222.046    94.053.903.373                     -       (5.588.727.971)     1.009.770.397.448        improvements
                                                                                                                                           Leasehold
        Perbaikan ruangan             193.879.769       226.075.756                     -                      -         419.955.525         improvements

    Jumlah                        921.499.101.815    94.279.979.129                     -       (5.588.727.971)     1.010.190.352.973   Total

    Nilai Tercatat               1.638.491.113.505                                                                  1.555.077.767.753   Net Carrying Value

                                                                 Perubahan selama tahun 2024/
                                                                     Changes during 2024
                                    1 Januari/       Penambahan/        Pengurangan/          Reklasifikasi/         31 Desember/
                                 January 1, 2024       Additions         Deductions         Reclassification       December 31, 2024

    Biaya perolehan:                                                                                                                    Cost:
     Pemilikan langsung                                                                                                                  Direct ownership
        Tanah                     411.621.843.713                  -                    -      (41.585.285.921)       370.036.557.792      Land
                                                                                                                                           Buildings and land
        Bangunan dan prasarana   2.168.232.080.572      966.194.202      (17.085.468.668)       35.403.405.129      2.187.516.211.235         improvements
                                                                                                                                           Leasehold
       Perbaikan ruangan             1.174.643.962      297.774.021                     -         445.015.428           1.917.433.411         improvements
     Bangunan dalam                                                                                                                      Building under
       konstruksi                     265.182.560       960.855.001                     -         (706.024.679)           520.012.882           construction

    Jumlah                       2.581.293.750.807    2.224.823.224      (17.085.468.668)       (6.442.890.043)     2.559.990.215.320   Total

    Akumulasi penyusutan:                                                                                                               Accumulated depreciation:
     Pemilikan langsung                                                                                                                  Direct ownership
                                                                                                                                           Buildings and land
        Bangunan dan prasarana    831.613.837.301    93.050.040.407        (7.413.869.193)       4.055.213.531        921.305.222.046        improvements
                                                                                                                                           Leasehold
        Perbaikan ruangan              43.553.047       150.326.722                     -                      -          193.879.769        improvements

    Jumlah                        831.657.390.348    93.200.367.129        (7.413.869.193)       4.055.213.531        921.499.101.815   Total

    Nilai Tercatat               1.749.636.360.459                                                                  1.638.491.113.505   Net Carrying Value



   Penambahan properti investasi merupakan biaya                                            The additions in investment properties represent
   renovasi atas properti investasi bersangkutan dan                                        cost of renovation of the respective investment
   biaya penyelesaian konstruksi bangunan.                                                  properties and the cost of completion of the
                                                                                            building construction.

   Pada tahun 2025, properti investasi dengan                                               In 2025, investment properties amounting to
   nilai     tercatat    masing-masing         sebesar                                      Rp 7,693,098,809 and Rp 826,844,498 were
   Rp 7.693.098.809 dan Rp 826.844.498 direklasifikasi                                      reclassification to land under development and
   ke tanah yang sedang dikembangkan dan tanah                                              land for development, respectively (Notes 8 and
   belum dikembangkan (Catatan 8 dan 13), sedangkan                                         13) while investment properties amounting to
   properti investasi dengan nilai tercatat sebesar                                         Rp 17,656,796,262 was reclassified from ready-
   Rp 17.656.796.262 direklasifikasi dari bangunan siap                                     for-sale buildings (Note 8) because there is a
   dijual (Catatan 8) karena adanya perubahan                                               change in the purpose and use of these assets.
   penggunaan oleh manajemen.


                                                                       - 71 -
Page 384
PT INTILAND DEVELOPMENT Tbk                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                            Otherwise Stated)


   Pada tahun 2024, properti investasi dengan                   In 2024, investment properties amounting to
   nilai   tercatat     sebesar   Rp     54.917.221.104         Rp 54,917,221,104 were reclassification from
   direklasifikasi dari bangunan siap dijual (Catatan 8),       ready-for-sale buildings (Note 8), while investment
   sedangkan properti investasi dengan nilai tercatat           properties amounting to Rp 59,305,436,529 and
   masing-masing sebesar Rp 59.305.436.529 dan                  Rp 6,109,888,149, respectively, were reclassified
   Rp 6.109.888.149 direklasifikasi ke tanah yang belum         to land for development and property and
   dikembangkan dan aset tetap (Catatan 13 dan 16)              equipment (Notes 13 and 16) because there is a
   karena adanya perubahan penggunaan oleh                      change in the purpose and use of these assets.
   manajemen.

   Pendapatan     sewa     properti   investasi    yang         Rental     income      from    these    investment
   diakui dalam laba rugi selama tahun 2025 dan 2024            properties in 2025 and 2024 amounted to
   masing-masing adalah sebesar Rp 259.291.444.227              Rp 259,291,444,227 and Rp 249,411,421,375,
   dan Rp 249.411.421.375, yang disajikan sebagai               respectively, and are recorded as part of
   bagian dari “Pendapatan Usaha” pada laba rugi                “Revenues” in profit or loss (Note 35). The direct
   (Catatan 35). Beban langsung berupa beban                    expense representing depreciation of these
   penyusutan properti investasi selama tahun 2025 dan          investment properties, excluding land, in 2025 and
   2024       masing-masing        adalah       sebesar         2024 amounting to Rp 94,279,979,129 and
   Rp 94.279.979.129 dan Rp 93.200.367.129 disajikan            Rp 93,200,367,129, respectively, are recorded as
   sebagai bagian dari “Beban Pokok Penjualan dan               part of “Cost of Sales and Direct Expenses” in profit
   Beban Langsung” pada laba rugi (Catatan 36).                 or loss (Note 36).

   Kepemilikan Grup atas properti investasi adalah              The investment properties owned by Group are in
   berupa Hak Guna Bangunan atas nama PT Intiland               the form of Building Use Rights in the names of
   Development Tbk, PT Starlight Nusa Property,                 PT Intiland Development Tbk, PT Starlight
   PT Putra Sinar Permaja, PT Perkasalestari Permai,            Nusa Property, PT Putra Sinar Permaja,
   PT Intiland Sejahtera, PT Prima Sentosa Ganda, dan           PT Perkasalestari Permai, PT Intiland Sejahtera,
   PT Grande Family View yang jatuh tempo antara                PT Prima Sentosa Ganda, and PT Grande Family
   2029 sampai 2044. Manajemen berpendapat bahwa                View which will expire between 2029 to 2044.
   tidak terdapat masalah dengan perpanjangan Hak               Management believes that there will be no difficulty
   Guna Bangunan tersebut, karena properti investasi            in extending the Building Use Rights, since all the
   tersebut diperoleh secara sah dan didukung dengan            buildings were acquired legally and are supported
   bukti kepemilikan yang memadai.                              by sufficient evidence of ownerships.

   Grup mengasuransikan properti investasi kepada               The Group has insured its investment properties
   PT Asuransi Bina Dana Arta Tbk, PT Asuransi                  with PT Asuransi Bina Dana Arta Tbk,
   Central Asia, PT IBS Insurance Broking Service,              PT Asuransi Central Asia, PT IBS Insurance
   PT Chubb General Insurance Indonesia, pihak-pihak            Broking Service, PT Chubb General Insurance
   ketiga, terhadap risiko kebakaran, kerusakan dan             Indonesia, third parties, against risks of fire,
   risiko lainnya dengan jumlah pertanggungan masing-           damages, and other possible risks with a total
   masing       sebesar    USD      12.000.000   dan            insurance coverage of US$ 12,000,000 and
   Rp 7.304.667.860.241 pada tahun 2025 dan                     Rp 7,304,667,860,241 in 2025 and US$ 6,965,991
   USD 6.965.991 dan Rp 5.409.175.829.793 pada                  and Rp 5,409,175,829,793 in 2024. Management
   tahun 2024. Manajemen berpendapat bahwa nilai                believes that the insurance coverages are
   pertanggungan asuransi tersebut adalah cukup untuk           adequate to cover possible losses on the assets
   menutup kemungkinan kerugian atas properti                   insured.
   investasi yang dipertanggungkan.

   Plaza Graha Famili dan Gudang di kawasan Ngoro               Plaza Graha Famili and warehouse located in
   Industrial digunakan sebagai jaminan atas pinjaman           Ngoro Industrial Park are used as collateral for
   utang bank jangka pendek dan jangka panjang                  short-term and long-term bank loans (Note 19).
   (Catatan 19).




                                                       - 72 -
Page 385
PT INTILAND DEVELOPMENT Tbk                                                                               PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                        For the Years Ended
31 Desember 2025 dan 2024                                                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                       (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                         Otherwise Stated)


   Jumlah nilai wajar properti investasi pada tanggal                                      The total fair values of investment properties as of
   31      Desember      2025      adalah    sebesar                                       December         31,      2025    amounted        to
   Rp 5.273.768.546.084 berdasarkan laporan hasil                                          Rp 5,273,768,546,084, based on appraisal report
   penilaian dari KJPP Rengganis, Hamid & Rekan,                                           from KJPP Rengganis, Hamid & Rekan,
   penilai independen, tertanggal 7 Maret 2025 dan                                         independent appraiser, dated March 7, 2025 and
   5 Juli 2024.                                                                            July 5, 2024.

   Jumlah nilai wajar properti investasi pada tanggal                                      The total fair values of investment properties as of
   31      Desember      2024      adalah    sebesar                                       December         31,      2024    amounted        to
   Rp 4.439.026.375.000 berdasarkan laporan hasil                                          Rp 4,439,026,375,000, based on appraisal report
   penilaian dari KJPP Toto Suharto & Rekan, KJPP                                          from KJPP Toto Suharto & Rekan, KJPP Wiseso
   Wiseso Saladin dan Rekan, dan KJPP Wilson &                                             Saladin dan Rekan, and KJPP Wilson & Rekan,
   Rekan,     penilai  independen,     masing-masing                                       independent appraisers, dated March 1, 2022,
   tertanggal 1 Maret 2022, 7 September 2022,                                              September 7, 2022, September 18, 2018, and
   18 September 2018, dan 10 Oktober 2018.                                                 October 10, 2018 respectively.

   Manajemen berpendapat bahwa tidak terdapat                                              Management believes that there is no impairment
   penurunan nilai atas properti investasi pada tanggal                                    in values of the afore mentioned investment
   31 Desember 2025 dan 2024.                                                              properties as of December 31, 2025 and 2024.


16. Aset Tetap                                                                     16. Property and Equipment

                                                                 Perubahan selama tahun 2025/
                                                                     Changes during 2025

                                   1 Januari/      Penambahan/          Pengurangan/          Reklasifikasi/          31 Desember/
                                January 1, 2025      Additions           Deductions          Reclassification       December 31, 2025

   Biaya perolehan:                                                                                                                     Cost:
    Pemilikan langsung                                                                                                                   Direct ownership
       Tanah                    107.380.313.326                  -                     -        46.144.482.804        153.524.796.130      Land
                                                                                                                                           Buildings and land
      Bangunan dan prasarana    342.376.976.375    12.065.766.703           (72.500.000)     198.745.863.384          553.116.106.462         improvements
      Perbaikan ruangan          24.615.840.886       695.253.591                     -            3.550.000           25.314.644.477      Leasehold improvements
      Sarana gedung               6.552.512.105       960.202.932                     -                    -            7.512.715.037      Building improvements
      Mesin dan peralatan       116.046.226.247     6.937.777.941           (14.350.000)         249.500.000          123.219.154.188      Machinery and equipment
      Prasarana golf              8.981.934.372     1.048.577.703                     -                    -           10.030.512.075      Golf equipment
      Perlengkapan pusat
        kebugaran jasmani        10.039.426.711       146.874.251                     -                      -         10.186.300.962      Fitness center equipment
      Kendaraan                  35.167.736.268     2.806.258.857        (2.926.232.607)                     -         35.047.762.518      Vehicles
      Peralatan kantor          104.229.248.302     5.126.122.543          (273.695.114)             7.343.500        109.089.019.231      Office equipment
      Perabot kantor             46.238.640.449     4.938.006.547        (1.049.144.153)             4.350.000         50.131.852.843      Office furniture and fixtures
      Peralatan kantin            4.284.969.724        44.703.226                     -                      -          4.329.672.950      Canteen equipment
    Aset tetap dalam
      pembangunan                 4.672.408.868    14.597.691.472                      -          (264.743.500)        19.005.356.840    Construction in progress

   Jumlah                       810.586.233.633    49.367.235.766        (4.335.921.874)     244.890.346.188        1.100.507.893.713   Total

   Akumulasi penyusutan:                                                                                                                Accumulated depreciation:
    Pemilikan langsung                                                                                                                   Direct ownership
                                                                                                                                           Buildings and land
       Bangunan dan prasarana    134.922.226.052   18.754.070.920           (30.950.000)                        -     153.645.346.972        improvements
       Perbaikan ruangan          17.023.835.778    1.625.414.503                     -                         -      18.649.250.281      Leasehold improvements
       Sarana gedung               1.471.722.837      562.147.916                     -                         -       2.033.870.753      Building improvements
       Mesin dan peralatan        85.522.605.145    8.235.483.894            (8.862.083)                        -      93.749.226.956      Machinery and equipment
       Prasarana golf              7.165.426.416      201.496.760                     -                         -       7.366.923.176      Golf equipment
       Perlengkapan pusat
         kebugaran jasmani         8.781.481.075      233.515.332                     -                         -       9.014.996.407      Fitness center equipment
       Kendaraan                  33.023.496.522      757.781.753        (2.873.905.279)                        -      30.907.372.996      Vehicles
       Peralatan kantor           91.279.100.240    5.777.007.045          (233.225.126)                        -      96.822.882.159      Office equipment
       Perabot kantor             42.716.787.115    2.927.784.717          (968.969.584)                        -      44.675.602.248      Office furniture and fixtures
       Peralatan kantin            4.216.107.268       24.794.006                     -                         -       4.240.901.274      Canteen equipment

   Jumlah                        426.122.788.448   39.099.496.846        (4.115.912.072)                        -     461.106.373.222   Total

   Nilai Tercatat                384.463.445.185                                                                      639.401.520.491   Net Carrying Value




                                                                        - 73 -
Page 386
PT INTILAND DEVELOPMENT Tbk                                                                               PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                        For the Years Ended
31 Desember 2025 dan 2024                                                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                       (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                         Otherwise Stated)


                                                                 Perubahan selama tahun 2024/
                                                                     Changes during 2024

                                   1 Januari/      Penambahan/          Pengurangan/            Reklasifikasi/            31 Desember/
                                January 1, 2024      Additions           Deductions            Reclassification         December 31, 2024

   Biaya perolehan:                                                                                                                            Cost:
    Pemilikan langsung                                                                                                                          Direct ownership
       Tanah                    105.164.201.725                  -                     -         2.216.111.601            107.380.313.326         Land
                                                                                                                                                  Buildings and land
      Bangunan dan prasarana    315.442.643.093    18.690.664.801          (566.336.543)         8.810.005.024            342.376.976.375            improvements
      Perbaikan ruangan          28.792.552.578     2.797.755.608          (159.239.999)        (6.815.227.301)            24.615.840.886         Leasehold improvements
      Sarana gedung               2.057.562.314     4.494.949.791                     -                      -              6.552.512.105         Building improvements
      Mesin dan peralatan       109.364.294.661     6.900.874.323          (218.942.737)                     -            116.046.226.247         Machinery and equipment
      Prasarana golf              8.642.063.460       339.870.912                     -                      -              8.981.934.372         Golf equipment
      Perlengkapan pusat
        kebugaran jasmani        13.043.373.687       438.170.724        (3.442.117.700)                      -            10.039.426.711         Fitness center equipment
      Kendaraan                  34.840.356.599       841.070.578          (513.690.909)                      -            35.167.736.268         Vehicles
      Peralatan kantor           95.253.530.358     9.176.946.362          (201.228.418)                      -           104.229.248.302         Office equipment
      Perabot kantor             44.209.249.065     2.112.046.303          (307.904.919)            225.250.000            46.238.640.449         Office furniture and fixtures
      Peralatan kantin            4.225.723.625        59.246.099                     -                       -             4.284.969.724         Canteen equipment
    Aset tetap dalam
      pembangunan                  1.550.451.339    5.503.422.235                      -        (2.381.464.706)                4.672.408.868    Construction in progress

   Jumlah                        762.586.002.504   51.355.017.736        (5.409.461.225)         2.054.674.618            810.586.233.633      Total

   Akumulasi penyusutan:                                                                                                                       Accumulated depreciation:
    Pemilikan langsung                                                                                                                          Direct ownership
                                                                                                                                                  Buildings and land
       Bangunan dan prasarana    117.276.040.236   17.144.568.762          (565.319.816)         1.066.936.870            134.922.226.052           improvements
       Perbaikan ruangan          19.719.297.719    2.540.702.213          (114.013.753)        (5.122.150.401)            17.023.835.778         Leasehold improvements
       Sarana gedung               1.105.926.053      365.796.784                     -                      -              1.471.722.837         Building improvements
       Mesin dan peralatan        78.529.596.141    7.197.519.122          (204.510.118)                     -             85.522.605.145         Machinery and equipment
       Prasarana golf              7.103.819.220       61.607.196                     -                      -              7.165.426.416         Golf equipment
       Perlengkapan pusat
         kebugaran jasmani        11.342.263.282      447.013.532        (3.007.795.739)                          -            8.781.481.075      Fitness center equipment
       Kendaraan                  32.460.798.819      753.610.835          (190.913.132)                          -           33.023.496.522      Vehicles
       Peralatan kantor           86.112.240.447    5.339.555.285          (172.695.492)                          -           91.279.100.240      Office equipment
       Perabot kantor             40.953.698.486    2.067.876.476          (304.787.847)                          -           42.716.787.115      Office furniture and fixtures
       Peralatan kantin            4.203.872.844       12.234.424                     -                           -            4.216.107.268      Canteen equipment

   Jumlah                        398.807.553.247   35.930.484.629        (4.560.035.897)        (4.055.213.531)           426.122.788.448      Total

   Nilai Tercatat                363.778.449.257                                                                          384.463.445.185      Net Carrying Value



   Jumlah beban penyusutan dialokasikan sebagai                                             Depreciation expense was allocated as follows:
   berikut:

                                                               2025                          2024

   Beban pokok penjualan dan beban langsung                 35.490.907.646                 31.328.767.116             Cost of sales and direct expenses
   Beban umum dan administrasi (Catatan 38)                  3.608.589.200                  4.601.717.513             General and administrative expenses (Note 38)

   Jumlah                                                   39.099.496.846                 35.930.484.629             Total


   Pengurangan selama tahun 2025 dan 2024                                                   Deductions in 2025 and 2024 represent sales and
   merupakan penjualan dan penghapusan aset tetap.                                          write off of property and equipment. Property and
   Nilai tercatat aset tetap yang dihapus masing-masing                                     equipment      with    net  carrying   value    of
   pada      tahun      2025     dan    2024    sebesar                                     Rp 38,730,487 and Rp 86,398,543 in 2025 and
   Rp 38.730.487 dan Rp 86.398.543 yang dicatat                                             2024, respectively, have been disposed and
   sebagai beban lain-lain. Adapun perincian penjualan                                      charged to other expenses. The details of sale of
   aset tetap sebagai berikut:                                                              property and equipment follows:

                                                               2025                          2024

   Harga jual                                                1.100.017.078                 1.145.411.365              Selling price
   Nilai tercatat                                             (181.279.315)                 (760.988.804)             Net carrying value

   Keuntungan atas penjualan                                  918.737.763                    384.422.561              Gain on sale




                                                                        - 74 -
Page 387
PT INTILAND DEVELOPMENT Tbk                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                            Otherwise Stated)


   Pengurangan aset tetap di tahun 2024 termasuk aset           The deduction in property and equipment in 2024
   tetap entitas anak yang dilepas yaitu PT Dinamika            include the carrying amount of the disposed
   Kencana Mandiri dengan biaya perolehan sebesar               subsidiary, PT Dinamika Kencana Mandiri, with
   Rp 33.965.000 dan akumulasi penyusutan sebesar               cost amounting to Rp 33,965,000 and
   Rp 31.927.019 pada tanggal pelepasan.                        accumulated     depreciation     amounting    to
                                                                Rp 31,927,019 at the date of disposal.

   Pada tahun 2025, aset tetap dengan nilai tercatat            In 2025, property and equipment with total carrying
   sebesar Rp 128.601.821 direklasifikasi ke tanah yang         value of Rp 128,601,821 was reclassified to land
   sedang dikembangkan sedangkan aset tetap dengan              under development, while property and equipment
   nilai tercatat sebesar Rp 245.018.948.009                    with total carrying value of Rp 245,018,948,009
   direklasifikasi dari bangunan yang siap dijual               was reclassified from ready for sale buildings
   (Catatan 8) karena adanya perubahan penggunaan               (Note 8) because there is a change in the purpose
   oleh manajemen.                                              and use of these assets.

   Pada tahun 2024, aset tetap dengan nilai tercatat            In 2024, property and equipment with total carrying
   sebesar Rp 6.109.888.149 direklasifikasi dari properti       value of Rp 6,109,888,149 was reclassified from
   investasi (Catatan 15) karena adanya perubahan               investment properties (Note 15) because there is a
   penggunaan oleh manajemen.                                   change in the purpose and use of these assets.

   Aset tetap dalam pembangunan merupakan                       Construction in progress pertains to buildings and
   bangunan dan prasarana yang sedang dibangun oleh             improvements being constructed by the Group
   Grup sebesar Rp 19.005.356.840 atau sebesar 95%              amounting to Rp 19,005,356,840 or 95% of
   dari nilai kontrak, yang diperkirakan akan selesai           contract value, which are estimated to be
   tahun 2026. Berdasarkan evaluasi manajemen, Grup             completed in 2026. Based on management’s
   berpendapat bahwa tidak terdapat hambatan                    evaluation, the Group believes that there will be no
   kelanjutan    penyelesaian   aset    tetap  dalam            obstacle in completing the construction in
   pembangunan.                                                 progress.

   Grup memiliki beberapa bidang tanah antara lain              The Group owns several parcels of land located in
   terletak di Jakarta, Tangerang, dan Surabaya dengan          Jakarta, Tangerang and Surabaya with Building
   hak legal berupa Hak Guna Bangunan (HGB) yang                Use Rights (Hak Guna Bangunan or HGB) ranging
   berjangka waktu antara 20 dan 30 tahun yang jatuh            from 20 to 30 years and will expire between 2029
   tempo antara tahun 2029 dan 2044. Manajemen                  to 2044. Management believes that there will be no
   berpendapat tidak terdapat masalah dengan                    difficulty in the extension of the terms of land rights
   perpanjangan hak atas tanah karena seluruh tanah             since all the land were acquired legally and
   diperoleh secara sah dan didukung dengan bukti               supported by sufficient evidence of ownership.
   pemilikan yang memadai.

   Aset tetap, kecuali tanah, telah diasuransikan kepada        Property and equipment, except land, are insured
   PT Asuransi Bina Dana Arta, PT Asuransi Astra                with PT Asuransi Bina Dana Arta, PT Asuransi
   Buana, PT Asuransi Central Asia, PT Insurance                Astra Buana, PT Asuransi Central Asia,
   Broking Services, PT Asuransi Multi Artha Guna Tbk,          PT Insurance Broking Services, PT Asuransi Multi
   PT Chubb General Insurance Indonesia, PT Sampo               Artha Guna Tbk, PT Chubb General Insurance
   Insurance Indonesia, pihak-pihak ketiga, terhadap            Indonesia, PT Sampo Insurance Indonesia, third
   risiko kebakaran, pencurian dan risiko lainnya               parties, against fire, theft and other possible risks
   dengan       jumlah      pertanggungan        sebesar        for Rp 618,640,141,409 and US$ 6,485,100 as of
   Rp 618.640.141.409 dan USD 6.485.100 pada                    December 31, 2025 and Rp 706,107,094,135 and
   tanggal 31 Desember 2025 dan Rp 706.107.094.135              US$ 6,164,108 as of December 31, 2024,
   dan USD 6.164.108 pada tanggal 31 Desember                   respectively. Management believes that the
   2024. Manajemen berpendapat bahwa nilai                      insurance coverages are adequate to cover
   pertanggungan tersebut cukup untuk menutup                   possible losses on the assets insured.
   kemungkinan       kerugian       atas    aset    yang
   dipertanggungkan.




                                                       - 75 -
Page 388
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


    Tanah, bangunan dan kendaraan sebesar                          Certain land, buildings and vehicles amounting to
    Rp 66.191.358.837 dan Rp 67.735.198.963 masing-                Rp 66,191,358,837 and Rp 67,735,198,963 as of
    masing pada tanggal 31 Desember 2025 dan 2024                  December 31, 2025 and 2024, respectively,
    digunakan sebagai jaminan atas utang bank yang                 are used as collateral for the bank loans from
    diperoleh dari beberapa bank (Catatan 19) dan utang            several banks (Note 19) and consumer finance
    pembiayaan konsumen (Catatan 28).                              payables (Note 28).

    Manajemen berpendapat bahwa tidak terdapat                     As of December 31, 2025 and 2024, management
    penurunan nilai atas aset tetap pada tanggal                   believes that there is no impairment in values of the
    31 Desember 2025 dan 2024.                                     aforementioned property and equipment.


17. Goodwill - Bersih                                           17. Goodwill - Net

    Akun ini merupakan selisih lebih biaya perolehan atas          This account represents the excess of the
    bagian nilai wajar aset bersih entitas anak, yang              acquisition cost over interest in the fair value of the
    timbul dari akuisisi THI dan IG dengan jumlah                  net assets of acquired subsidiary, THI and IG, at
    Rp 6.184.505.653 pada tanggal 31 Desember 2025                 the amount of Rp 6,184,505,653 as of December
    and 2024.                                                      31, 2025 and 2024.

    Uji Penurunan Nilai Goodwill                                   Impairment Test for Goodwill

    Goodwill yang diperoleh melalui kombinasi bisnis               Goodwill acquired through business combination
    dialokasikan ke Unit Penghasil Kas (UPK) individu,             has been allocated to Real Estate Cash
    yang juga merupakan segmen dilaporkan, untuk                   Genarating Unit (CGU), which is also a reportable
    tujuan uji penurunan nilai, yaitu UPK Real Estat.              segment, for impairment testing.

    Nilai terpulihkan dari UPK-UPK di atas ditentukan              The recoverable amount of the above CGU has
    berdasarkan perhitungan nilai pakai. Nilai pakai               been determined based on value-in-use
    ditentukan dengan mendiskontokan arus kas masa                 calculations. Value in use was determined by
    depan yang diharapkan akan dihasilkan dari                     discounting the future cash flows expected to be
    pemakaian berkelanjutan atas UPK-UPK tersebut.                 generated from the continuing use of the unit.
    Perhitungan     nilai  pakai berdasarkan     pada              The calculation of the value in use was based on
    asumsi-asumsi berikut:                                         the following key assumptions:

    •   Arus kas di masa depan ditentukan berdasarkan              •   Future cash flows were based on the projected
        proyeksi penjualan persediaan real estat dan                   sales of real estate inventories and land for
        tanah untuk dikembangkan, estimasi biaya                       development. Other operational expenses
        perolehan aset yang akan diakusisi. Beban                      were estimated based on historical rate and
        operasional lainnya diestimasi berdasarkan data                expectations on market development.
        historis.

    •   Tingkat diskonto sebelum pajak yang digunakan              •   Pre-tax discount rate of 7.81% and 8.08% in
        untuk menghitung jumlah terpulihkan adalah                     2025 and 2024 was applied in determining the
        sebesar 7,81% dan 8,08% untuk tahun 2025 dan                   recoverable amounts. This discount rate was
        2024. Tingkat diskonto ini diestimasi berdasarkan              determined based on the weighted average
        rata-rata   tertimbang biaya       modal yang                  cost of capital allocated by the Group to this
        dialokasikan oleh Grup kepada UPK-UPK                          unit.
        tersebut.

    Asumsi utama sebagaimana dijelaskan di atas dapat              The key assumptions described above may
    berubah sejalan dengan perubahan kondisi ekonomi               change as economic and market conditions
    dan    pasar.    Grup      memperkirakan   bahwa               change. The Group estimates that reasonably
    kemungkinan perubahan asumsi ini tidak akan                    possible changes in these assumptions would not
    mengakibatkan nilai tercatat dari masing-masing                cause the carrying value of each CGU to materially
    UPK tersebut melebihi nilai terpulihkannya secara              exceed its recoverable amount. Thus, as of
    material. Oleh karena itu, manajemen berkeyakinan              December 31, 2025 and 2024, management
    bahwa tidak terdapat penurunan nilai atas goodwill             believes that there is no impairment in the carrying
    tersebut pada tanggal 31 Desember 2025 dan 2024.               value of goodwill.

                                                       - 76 -
Page 389
PT INTILAND DEVELOPMENT Tbk                                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                  Otherwise Stated)


18. Aset Lain-lain                                                            18. Other Assets
                                                          2025                 2024

    Jaminan                                              1.437.872.762        1.446.523.511      Deposits
    Lain-lain                                                  303.650              177.263      Others

    Jumlah                                               1.438.176.412        1.446.700.774      Total



19. Utang Bank                                                                19. Bank Loans

                                                              2025                    2024

    Utang bank jangka pendek                                                                             Short-term bank loans
       PT Bank Mayapada International Tbk                 434.000.000.009       703.771.733.363             PT Bank Mayapada International Tbk
       PT Bank Pan Indonesia Tbk                          228.781.298.454       230.092.699.607             PT Bank Pan Indonesia Tbk
       PT Bank China Construction Bank                                                                      PT Bank China Construction Bank
           Indonesia Tbk                                   34.500.515.114        40.064.116.223                  Indonesia Tbk
       PT Bank IBK Indonesia Tbk                           29.203.475.961        10.963.258.552             PT Bank IBK Indonesia Tbk
       PT Bank JTrust Indonesia                            16.555.249.915        14.770.998.887             PT Bank JTrust Indonesia
       PT Bank Permata Tbk                                 12.500.000.000        16.000.000.000             PT Bank Permata Tbk
       PT Bank Central Asia Tbk                             9.992.230.914        13.079.333.913             PT Bank Central Asia Tbk
       PT Bank MNC Internasional Tbk                        1.000.000.000         1.000.000.000             PT Bank MNC Internasional Tbk
       PT Bank Victoria International Tbk                               -        16.131.771.978             PT Bank Victoria International Tbk
    Jumlah                                                766.532.770.367      1.045.873.912.523         Total
    Biaya transaksi yang belum diamortisasi                               -           (317.864.447)      Unamortized transaction costs

    Jumlah Utang Bank Jangka Pendek - Bersih              766.532.770.367      1.045.556.048.076         Total Short-term Bank Loans - Net

    Utang bank jangka panjang                                                                            Long-term bank loans
       Jatuh tempo lebih dari satu tahun                                                                    Long-term portion
           Sindikasi                                                                                            Syndicated
               PT Bank Negara Indonesia (Persero) Tbk    1.170.982.351.766     1.359.417.932.843                   PT Bank Negara Indonesia (Persero) Tbk
               PT Bank Central Asia Tbk                    836.253.248.178       971.145.984.264                   PT Bank Central Asia Tbk
           PT Bank JTrust Indonesia                        203.812.499.999       222.916.666.665                PT Bank JTrust Indonesia
           PT Bank KB Indonesia Tbk                        152.590.751.405                     -                PT Bank KB Indonesia Tbk
           PT Bank MNC Internasional Tbk                   140.074.340.870       149.500.000.000                PT Bank MNC Internasional Tbk
           PT Bank China Construction Bank                                                                      PT Bank China Construction Bank
               Indonesia Tbk                               56.399.999.999        83.399.999.999                    Indonesia Tbk
           PT Bank Woori Saudara Indonesia 1906 Tbk        55.895.763.500        83.970.763.500                 PT Bank Woori Saudara Indonesia 1906 Tbk
           PT Bank Pan Indonesia Tbk                       14.800.000.000        40.154.121.002                 PT Bank Pan Indonesia Tbk
           PT Bank Victoria International Tbk               9.720.000.000         8.000.000.000                 PT Bank Victoria International Tbk
           PT Bank UOB Indonesia                            4.582.594.117         5.348.382.805                 PT Bank UOB Indonesia
        Jumlah                                           2.645.111.549.834     2.923.853.851.078            Subtotal
        Biaya transaksi yang belum diamortisasi           (715.724.255.423)     (358.966.408.841)           Unamortized transaction costs
        Bersih                                           1.929.387.294.411     2.564.887.442.237            Net

        Jatuh tempo dalam satu tahun                                                                        Current portion
            Sindikasi                                                                                           Syndicated
                PT Bank Negara Indonesia (Persero) Tbk    191.680.919.972        12.619.069.419                    PT Bank Negara Indonesia (Persero) Tbk
                PT Bank Central Asia Tbk                  136.933.720.817         9.014.857.231                    PT Bank Central Asia Tbk
            PT Bank Woori Saudara Indonesia 1906 Tbk       75.625.000.000        60.500.000.000                 PT Bank Woori Saudara Indonesia 1906 Tbk
            PT Bank JTrust Indonesia                       31.604.166.664        20.123.781.117                 PT Bank JTrust Indonesia
            PT Bank China Construction Bank                                                                     PT Bank China Construction Bank
                Indonesia Tbk                              27.000.000.000        17.200.000.000                    Indonesia Tbk
            PT Bank KB Indonesia Tbk                       16.954.527.936                     -                 PT Bank KB Indonesia Tbk
            PT Bank MNC Internasional Tbk                   2.750.000.000                     -                 PT Bank MNC Internasional Tbk
            PT Bank Victoria International Tbk              1.160.000.000        52.012.000.000                 PT Bank Victoria International Tbk
            PT Bank UOB Indonesia                             765.788.691           699.245.393                 PT Bank UOB Indonesia
        Jumlah                                            484.474.124.080       172.168.953.160             Subtotal
        Biaya transaksi yang belum diamortisasi           (99.652.744.904)      (46.425.706.945)            Unamortized transaction costs
        Bersih                                            384.821.379.176       125.743.246.215             Net

    Suku bunga per tahun                                                                                 Interest rates per annum
       Utang bank jangka pendek                          9,00% - 12,00%        9,00% - 12,00%                Short-term bank loans
       Utang bank jangka panjang                         5,00% - 12,00%        7,50% - 12,00%                Long-term bank loans



                                                                     - 77 -
Page 390
PT INTILAND DEVELOPMENT Tbk                                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                        Otherwise Stated)


   Penjelasan pokok perjanjian pinjaman sebagai                             A summary of the respective loan agreements
   berikut:                                                                 follows:

   PT Bank Mayapada International Tbk (Mayapada)                            PT Bank Mayapada International Tbk (Mayapada)

                                              2025                   2024
   PT Taman Harapan Indah (THI)                                                     PT Taman Harapan Indah (THI)
      Pinjaman tetap                      214.000.000.000        214.000.000.000       Fixed loan
      On demand                           200.000.000.000        200.000.000.000       On demand
      Pinjaman rekening koran              20.000.000.009         19.657.108.271       Bank overdraft
   PT Intiland Grande (IG)                                                          PT Intiland Grande (IG)
      Pinjaman tetap                                    -        120.500.000.000       Fixed loan
      Pinjaman rekening koran                           -         24.614.625.092       Bank overdraft
   Perusahaan                                                                       Company
      Pinjaman tetap                                    -        125.000.000.000       Fixed loan

   Jumlah                                 434.000.000.009        703.771.733.363    Total



   THI                                                                      THI

   Pada tanggal 5 Agustus 2016, THI memperoleh                           On August 5, 2016, THI obtained loan facilities
   fasilitas pinjaman berupa pinjaman tetap dan                          which consist of fixed loan and bank overdraft with
   rekening koran dengan jumlah maksimum masing-                         maximum amounts of Rp 210 billion and
   masing sebesar Rp 210 miliar dan Rp 20 miliar. Pada                   Rp 20 billion, respectively. On October 24, 2017,
   tanggal 24 Oktober 2017, THI memperoleh fasilitas                     THI obtained a new loan facility in the form of
   pinjaman baru berupa demand loan dengan jumlah                        demand loan with maximum amount of
   maksimum sebesar Rp 200 miliar. Fasilitas-fasilitas                   Rp 200 billion. These facilities have been extended
   ini telah diperpanjang beberapa kali, terakhir sampai                 several times, and the latest is valid until
   dengan tanggal 16 Februari 2026.                                      February 16, 2026.

   Berdasarkan Akta Persesuaian No. 20 dari Sunarni,                        Based on the Conformity Deed No. 20 from
   SH., notaris di Jakarta, tanggal 16 Desember 2022,                       Sunarni, SH., a notary in Jakarta, dated December
   THI memperoleh tambahan fasilitas pinjaman tetap                         16, 2022, THI obtained an additional fixed loan
   sebesar Rp 4 milyar. Fasilitas ini telah diperpanjang                    facility amounting to Rp 4 billion. This facility has
   beberapa kali, terakhir sampai dengan tanggal                            been extended several times, and the latest is valid
   16 Februari 2026.                                                        until February 16, 2026.

   Tanggal 9 Juli 2025, 19 November 2025,                                   On July 9, 2025, November 19, 2025,
   20 November 2025, 10 Desember 2025,                                      November 20, 2025, December 10, 2025,
   22 Desember 2025, 29 Januari 2026, 12 Februari                           December 22, 2025, January 29, 2026,
   2026 dan 9 Maret 2026, THI sudah mengajukan                              February 12, 2026, and March 9, 2026, THI
   perpanjangan dan penyelesaian pinjaman melalui                           submitted requests for loan extension and
   mekanisme penyerahan aset (asset settlement)                             settlement     through    an    asset   settlement
   kepada Mayapada. THI telah menerima tanggapan                            mechanism to Mayapada. THI subsequently
   melalui surat no. 475/EXT/CB-BMI/X/25 tanggal                            received      a     response      through     letter
   16 Oktober 2025 yang antara lain menyampaikan                            No. 475/EXT/CB-BMI/X/25 dated October 16,
   bahwa konsultan yang ditunjuk oleh Mayapada                              2025, which stated, among other matters, that the
   sedang melakukan pengecekan di lapangan dan                              consultant appointed by Mayapada was in the
   jumlah luasan lahan yang dapat diperhitungkan untuk                      process of conducting on-site inspections and that
   pembayaran utang akan ditentukan nilainya setelah                        the land area to be recognized for loan settlement
   selesainya pemeriksaan dan diperolehnya data yang                        purposes would be determined upon completion of
   valid untuk bidang-bidang lahan tersebut.                                the inspection and upon the availability of valid
                                                                            data for the respective land parcels.

   Sampai dengan tanggal penyelesaian laporan                               As of the completion date of these consolidated
   keuangan konsolidasian ini, THI masih menunggu                           financial statements, THI is still awaiting
   keputusan Mayapada atas pengajuan perpanjangan                           Mayapada’s decision regarding the application for
   dan penyelesaian pinjaman melalui mekanisme                              loan extension and settlement through the asset
   penyerahan aset tersebut.                                                settlement mechanism.


                                                            - 78 -
Page 391
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


   Seluruh pinjaman ini dijamin dengan beberapa                All of these loans are secured by several parcels of
   bidang tanah milik THI yang berlokasi di Serang,            land owned by THI located in Serang, Banten
   Banten (Catatan 13).                                        (Note 13).

   THI diwajibkan untuk memenuhi beberapa syarat               In relation to these credit facilities, THI is required
   perjanjian pinjaman, diantaranya pembatasan THI             to fulfill certain covenants, among others,
   untuk mengubah anggaran dasar, susunan Direksi              restrictions to change the articles of association,
   dan Komisaris serta para pemegang saham; dan                the Board of Directors and Commissioners and
   menambah penyertaan atau investasi pada                     shareholders;      and    investments       in    other
   perusahaan lain. Pada tanggal 31 Desember 2025              companies. As of December 31, 2025 and 2024,
   dan 2024, THI telah memenuhi syarat-syarat                  THI has complied with the covenants.
   perjanjian yang ada.

   IG                                                          IG

   Pada tanggal 12 Juli 2012, PT Intiland Grande (IG),         On July 12, 2012, PT Intiland Grande (IG),
   entitas anak, memperoleh fasilitas pinjaman rekening        a subsidiary, obtained loan facilities in
   koran dan pinjaman tetap dari Mayapada dengan               the form of bank overdraft and fixed loan
   jumlah     maksimal       masing-masing      sebesar        from Mayapada with maximum amounts of
   Rp 25 milyar dan Rp 50 milyar. Pada tanggal                 Rp 25 billion and Rp 50 billion respectively. On
   29 Juni 2015, jumlah maksimum fasilitas ditingkatkan        June 29, 2015, the facility’s maximum amount of
   menjadi sebesar Rp 300 milyar untuk pinjaman tetap.         fixed loan has been increased to Rp 300 billion. On
   Pada tanggal 13 Juli 2023, jumlah maksimum fasilitas        July 13, 2023, the facility’s maximum amount of
   pinjaman tetap diturunkan menjadi sebesar                   fixed    loan     has     been      decreased      to
   Rp 174 milyar. Fasilitas ini telah diperpanjang             Rp 174 billion. These facilities have been extended
   beberapa kali, terakhir sampai dengan tanggal 16 Juli       several times, and the latest is valid until July 16,
   2024.                                                       2024.

   Pinjaman ini dijamin dengan beberapa bidang tanah           The loans are secured by several parcels of land
   yang dimiliki oleh PT Taman Harapan Indah, entitas          owned by PT Taman Harapan Indah, a subsidiary.
   anak.

   Fasilitas ini telah dilunasi pada tanggal 28 Februari       This facility was fully paid on February 28, 2025.
   2025.

   IG diwajibkan untuk memenuhi beberapa syarat                In relation to these credit facilities, IG is required to
   perjanjian pinjaman, diantaranya pembatasan IG              fulfill certain covenants, among others, restrictions
   untuk mengubah anggaran dasar, susunan Direksi              to change the articles of association, the Board of
   dan Komisaris serta para pemegang saham; dan                Directors and Commissioners and shareholders;
   menambah penyertaan atau investasi pada                     and investments in other companies. As of
   perusahaan lain. Pada tanggal 31 Desember 2024,             December 31, 2024, IG has complied with the
   IG telah memenuhi syarat-syarat perjanjian yang             covenants.
   ada.

   Perusahaan                                                  The Company

   Pada tanggal 4 Juni 2018, Perusahaan memperoleh             On June 4, 2018, The Company obtained a fixed
   fasilitas pinjaman tetap dengan jumlah maksimum             loan facility with maximum amount of
   sebesar Rp 150 milyar. Pada tanggal 15 Juni 2022,           Rp 150 billion. On June 15, 2022, the facility’s
   jumlah maksimum fasilitas diturunkan menjadi                maximum amount of fixed loan has been
   sebesar Rp 125 milyar. Fasilitas ini telah                  decreased to Rp 125 billion. This facility has been
   diperpanjang beberapa kali, terakhir sampai dengan          extended several times, and the latest is valid until
   tanggal 7 Januari 2025.                                     January 7, 2025.




                                                      - 79 -
Page 392
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


   Pinjaman ini dijamin dengan dua bidang tanah                      This loan is secured by two parcels of land with an
   masing-masing seluas 14.992 m2 dan 15.670 m2                      area of 14,992 sqm and 15,670 sqm, respectively,
   yang terletak di Serang, Banten milik THI, entitas                which is located in Serang, Banten owned by THI,
   anak (Catatan 13) dan jaminan pribadi dari Hendro                 a subsidiary (Note 13) and personal guarantee
   Santoso Gondokusumo, pihak berelasi (Catatan 44).                 from Hendro Santoso Gondokusumo (Note 44).
   Tidak terdapat kewajiban yang harus dipenuhi                      There are no obligations that must be fulfilled in
   sehubungan dengan adanya jaminan pribadi                          connection with the personal guarantee.
   tersebut.

   Fasilitas ini telah dilunasi pada tanggal 20 Februari             This facility was fully paid on February 20, 2025.
   2025.

   Perusahaan diwajibkan untuk memenuhi beberapa                     In relation to these credit facilities, the Company is
   syarat perjanjian pinjaman, diantaranya pembatasan                required to fulfill certain covenants, among others,
   Perusahaan untuk mengubah anggaran dasar,                         restrictions to change the articles of association,
   susunan Direksi dan Komisaris serta para pemegang                 the Board of Directors and Commissioners and
   saham; dan menambah penyertaan atau investasi                     shareholders;       and     investments      in  other
   pada perusahaan lain. Pada tanggal 31 Desember                    companies. As of December 31, 2024, the
   2024, Perusahaan telah memenuhi syarat-syarat                     Company has complied with the covenants.
   perjanjian yang ada.

   PT Bank Pan Indonesia Tbk                                         PT Bank Pan Indonesia Tbk

                                                2025                 2024

   Utang bank jangka pendek                                                          Short-term bank loans
      PT Sinar Puspapersada (SPP)                                                       PT Sinar Puspapersada (SPP)
          Pinjaman berulang                  120.000.000.000      120.000.000.000            Time revolving
          Pinjaman rekening koran              9.949.293.562        8.694.917.577            Overdraft
      PT Taman Harapan Indah (THI)                                                      PT Taman Harapan Indah (THI)
          Pinjaman berulang                   44.800.000.000       47.400.000.000            Time revolving
          Pinjaman rekening koran              9.994.389.363        9.449.899.913            Overdraft
      PT Perkasalestari Permai (PLP)                                                    PT Perkasalestari Permai (PLP)
          Pinjaman berulang                   35.000.000.000       35.000.000.000            Time revolving
          Pinjaman rekening koran              9.037.615.529        9.547.882.117            Overdraft

   Jumlah                                    228.781.298.454      230.092.699.607    Total
   Biaya transaksi yang belum diamortisasi                 -         (317.864.447)   Unamortized transaction costs

   Bersih                                    228.781.298.454      229.774.835.160    Net

   Utang bank jangka panjang                                                         Long-term bank loans
       THI                                    14.800.000.000       40.154.121.002       THI
   Jatuh tempo jangka pendek                               -                    -    Current portion
   Jatuh tempo lebih dari satu tahun          14.800.000.000       40.154.121.002    Long-term portion
   Biaya transaksi yang belum diamortisasi        (1.000.000)         (51.213.482)   Unamortized transaction costs

   Bersih                                     14.799.000.000       40.102.907.520    Net




                                                         - 80 -
Page 393
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


    SPP                                                          SPP

    Pada tanggal 19 September 2014, SPP, entitas                 On September 19, 2014, SPP, a subsidiary,
    anak, memperoleh fasilitas kredit berupa pinjaman            obtained credit facilities in the form of revolving
    berulang dan pinjaman rekening koran dengan                  loan and an overdraft facility with maximum
    maksimum pinjaman masing-masing sebesar                      loanable amounts of Rp 50 billion and
    Rp 50 milyar dan Rp 10 milyar. Pada tanggal                  Rp 10 billion, respectively. On April 6, 2017, SPP
    6 April 2017, SPP memperoleh fasilitas kredit                obtained credit facilities in the form of revolving
    berupa pinjaman berulang dengan maksimum                     loan with maximum loanable amounts of
    pinjaman sebesar Rp 70 milyar. Fasilitas-fasilitas ini       Rp 70 billion. These facilities have been extended
    telah diperpanjang beberapa kali, terakhir sampai            several times, and the latest is valid until
    dengan 19 Juni 2026.                                         June 19, 2026.

    Pinjaman ini dijamin dengan beberapa tanah milik             These loans are secured with parcels of land
    PT Inti Gria Perwira, PT Intiland Grande, dan                owned by PT Inti Gria Perwira, PT Intiland Grande,
    PT Intiland Sejahtera, entitas-entitas anak, yang            and PT Intiland Sejahtera, subsidiaries, located in
    terletak di Jakarta dan Surabaya (Catatan 8,                 Jakarta and Surabaya (Notes 8, 13, and 16).
    13, dan 16).

    SPP diwajibkan untuk memenuhi beberapa syarat                In relation to these credit facilities, SPP is required
    perjanjian pinjaman, diantaranya pembatasan SPP              to fulfill certain covenants, among others,
    untuk meminjam dari atau meminjamkan uang                    restrictions for borrowing from or lending money to
    kepada pihak ketiga siapapun, selain yang bertalian          any third party, other than those related to SPP’s
    dengan usaha sehari-hari dari SPP; bertindak                 day-to-day business; act as guarantor for third party
    sebagai penjamin atas utang pihak ketiga; dan                debts; and renting or selling the land and buildings
    menyewakan atau menjual atau menjaminkan tanah               which are given as collateral in any form to third
    dan bangunan yang diberikan sebagai jaminan                  parties. As of December 31, 2025 and 2024, SPP
    dalam bentuk apapun juga kepada pihak ketiga.                has complied with these covenants.
    Pada tanggal 31 Desember 2025 dan 2024, SPP
    telah memenuhi syarat-syarat perjanjian yang ada.

    THI                                                          THI

    THI, entitas anak, memiliki Fasilitas Kredit berupa          THI, a subsidiary, obtained credit facilities in the
    pinjaman rekening koran, pinjaman berulang 1, 2,             form of an overdraft, revolving loan 1, 2, and 3 with
    dan 3 dengan maksimum pinjaman masing-masing                 maximum loan amounting to Rp 10 billion,
    sebesar Rp 10 milyar, Rp 35 milyar, Rp 30 milyar,            Rp 35 billion, Rp 30 billion, and Rp 17.3 billion,
    dan Rp 17,3 milyar. Pada tahun 2024, pinjaman                respectively. In 2024, revolving loan 1 and 3 had
    berulang 1 dan 3 mengalami penurunan jumlah                  decreased its maximum loan facilities to
    maksimum pinjaman masing-masing menjadi                      Rp 17.4 billion and Rp 16 billion, respectively.
    sebesar Rp 17,4 milyar dan Rp 16 milyar. Kemudian,           Then, on February 14, 2025, revolving loan
    pada tanggal 14 Februari 2025, fasilitas pinjaman            facilities 1 and 3 had decreased its maximum loan
    berulang 1 dan 3 mengalami penurunan jumlah                  facilities to Rp 14.8 billion. These facilities have
    maksimum        pinjaman       menjadi      sebesar          been extended several times, and the latest is valid
    Rp 14,8 milyar. Seluruh fasilitas pinjaman telah             until April 5, 2026. These facilities are secured with
    diperpanjang beberapa kali, terakhir sampai dengan           land in Cilegon and land in Semanan Residences
    5 April 2026. Seluruh pinjaman dijamin dengan                (Notes 8 and 13) owned by THI and 12
    kavling tanah di Cilegon dan di Perumahan                    shophouses owned by PT Selasih Safar, a
    Semanan (Catatan 8 dan 13) atas nama THI dan 12              subsidiary (Note 8).
    unit rumah toko atas nama PT Selasih Safar, entitas
    anak (Catatan 8).

    Pada tanggal 26 Oktober 2017, THI mendapat                   On October 26, 2017, THI obtained an additional
    tambahan fasilitas pinjaman berupa Rp 120 milyar             credit facilities in the form of Rp 120 billion fixed
    pinjaman tetap dan Rp 9 milyar pinjaman jangka               loan and Rp 9 billion middle term loan. These
    menengah. Fasilitas ini telah diperpanjang beberapa          facilities have been extended several times, the
    kali terakhir sampai dengan 26 Oktober 2026.                 latest is valid until October 26, 2026. These facilities
    Pinjaman ini dijamin dengan tanah seluas 16.753              are secured with 16,753 square meters of land
    m2 yang terletak di Pantai Mutiara, Jakarta milik THI        owned by THI and located in Pantai Mutiara,
    (Catatan 8). Pinjaman jangka menengah Rp 9 milyar            Jakarta (Note 8). The middle term loan amounting
    telah dilunasi pada tanggal 6 Maret 2023.                    Rp 9 billion was fully paid on March 6, 2023.

                                                        - 81 -
Page 394
PT INTILAND DEVELOPMENT Tbk                                                PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                        (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                          Otherwise Stated)


    Pada tanggal 26 April 2022, THI mendapatkan               On April 26, 2022, THI obtained restructured
    restrukturisasi pembayaran bunga atas fasilitas           interest payment of overdraft and revolving loan 1,
    pinjaman rekening koran dan pinjaman berulang 1,          2, and 3 facilities. For 12 months since May 2022
    2, dan 3. Selama 12 bulan dari Mei 2022 sampai            until April 2023 the interest payment rate is 7% per
    dengan April 2023 tingkat suku bunga yang                 annum and deferred interest of 3% per annum will
    dibayarkan adalah sebesar 7% per tahun dan bunga          be paid in 24 months installment from May 2023
    ditangguhkan sebesar 3% per tahun dicicil selama          until April 2025.
    24 bulan dari Mei 2023 sampai April 2025.

    THI diwajibkan untuk memenuhi beberapa syarat             In relation to these credit facilities, THI is required
    perjanjian pinjaman, diantaranya pembatasan THI           to fulfill certain covenants, among others,
    untuk mengubah anggaran dasar dan susunan para            restrictions to change the articles of association
    pemegang saham; dan menyewakan atau menjual               and composition of the shareholders; and renting or
    atau menjaminkan tanah dan bangunan yang                  selling the land and buildings which are given as
    diberikan sebagai jaminan dalam bentuk apapun             collateral in any form to third parties. As of
    juga kepada pihak ketiga. Pada tanggal                    December 31, 2025 and 2024, THI has complied
    31 Desember 2025 dan 2024, THI telah memenuhi             with these covenants.
    syarat-syarat perjanjian yang ada.

    PLP                                                       PLP

    Pada tanggal 27 April 2016, PLP, entitas anak,            On April 27, 2016, PLP, a subsidiary, obtained a
    mendapat Fasilitas Kredit berupa Rp 10 milyar             Credit Facility in the form of Rp 10 billion overdraft
    pinjaman rekening koran dan Rp 35 milyar pinjaman         facility and Rp 35 billion revolving loan. These
    berulang. Fasilitas ini telah diperpanjang beberapa       facilities have been extended several times, and
    kali, terakhir sampai dengan 27 April 2026.               the latest is valid until April 27, 2026.

    Pinjaman ini dijamin dengan tanah dan bangunan            These facilities are secured with land and building
    atas nama THI yang terletak di perumahan Taman            owned by THI, located in Taman Semanan Indah
    Semanan Indah, Jakarta (Catatan 8).                       residence, Jakarta (Note 8).

    Pada tanggal 25 April 2022, PLP mendapatkan               On April 25, 2022, PLP obtained restructured
    restrukturisasi pembayaran bunga seluruh fasilitas        interest payment of all credit facilities. For
    pinjaman. Selama 12 bulan dari Mei 2022 sampai            12 months since May 2022 until April 2023 the
    dengan April 2023 tingkat suku bunga yang                 interest payment rate is 7% per annum and
    dibayarkan adalah sebesar 7% per tahun dan bunga          deferred interest of 3% per annum will be paid in 24
    ditangguhkan sebesar 3% per tahun dicicil selama          months installment from April 2023 until March
    24 bulan dari April 2023 sampai Maret 2025.               2025.

    PLP diwajibkan untuk memenuhi beberapa syarat             In relation to these credit facilities, PLP is required
    perjanjian pinjaman, diantaranya pembatasan PLP           to fulfill certain covenants, among others,
    untuk meminjam dari atau meminjamkan uang                 restrictions for borrowing from or lending money to
    kepada pihak ketiga siapapun, selain yang bertalian       any third party, other than those related to PLP’s
    dengan usaha sehari-hari dari PLP; bertindak              day-to-day business; act as guarantor for third party
    sebagai penjamin atas utang pihak ketiga; dan             debts; and renting or selling the land and buildings
    menyewakan atau menjual atau menjaminkan tanah            which are given as collateral in any form to third
    dan bangunan yang diberikan sebagai jaminan               parties. As of December 31, 2025 and 2024, PLP
    dalam bentuk apapun juga kepada pihak ketiga.             has complied with these covenants.
    Pada tanggal 31 Desember 2025 dan 2024, PLP
    telah memenuhi syarat-syarat perjanjian yang ada.




                                                     - 82 -
Page 395
PT INTILAND DEVELOPMENT Tbk                                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
31 Desember 2025 dan 2024                                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                            Otherwise Stated)


    PT    Bank    China                  Construction        Bank              PT   Bank     China             Construction   Bank
    Indonesia Tbk                                                              Indonesia Tbk

                                                         2025                 2024

   Utang bank jangka pendek                                                                   Short-term bank loans
      Perusahaan                                                                                 The Company
          On demand                                     20.000.000.000      20.000.000.000            On demand
          Rekening koran                                 4.700.876.101       4.922.568.863            Overdraft
      PT Intiland Grande (IG)                                                                    PT Intiland Grande (IG)
          On demand                                                  -      15.000.000.000            On demand
          Rekening koran                                 9.799.639.013         141.547.360            Overdraft
   Jumlah                                               34.500.515.114      40.064.116.223    Total


   Utang bank jangka panjang                                                                  Long-term bank loans
       THI                                           83.399.999.999        100.599.999.999       THI
   Jatuh tempo jangka pendek                        (27.000.000.000)       (17.200.000.000)   Current portion
   Jatuh tempo lebih dari satu tahun                56.399.999.999          83.399.999.999    Long-term portion
   Biaya transaksi yang belum diamortisasi            (187.785.794)           (369.490.747)   Unamortized transaction costs

   Bersih                                           56.212.214.205          83.030.509.252    Net


   Perusahaan                                                                 The Company

   Pada tanggal 13 November 2009, Perusahaan                                  On November 13, 2009, the Company obtained
   memperoleh pinjaman modal kerja demand loan dan                            credit facilities in the form of demand loan facility
   rekening koran dengan jumlah maksimum masing-                              and overdraft facility with maximum amount of
   masing sebesar Rp 20 milyar dan Rp 5 milyar.                               Rp 20 billion and Rp 5 billion, respectively. These
   Fasilitas ini telah diperpanjang beberapa kali, terakhir                   facilities have been extended several times, and
   sampai dengan tanggal 16 November 2026. Fasilitas                          the latest is valid until November 16, 2026. These
   ini dijamin dengan tanah dan bangunan yang terletak                        loans are secured with parcels of land and building
   di Sport Club, Pantai Mutiara, Jakarta milik THI,                          located in Sport Club, Pantai Mutiara, Jakarta
   entitas anak (Catatan 8).                                                  owned by THI, a subsidiary (Note 8).

   Perusahaan diwajibkan untuk memenuhi beberapa                              In relation to these credit facilities, the Company is
   syarat perjanjian pinjaman, diantaranya mewajibkan                         required to fulfill certain covenants, among others,
   untuk menjaga beberapa rasio keuangan tertentu.                            required to maintain certain financial ratios. As of
   Pada tanggal 31 Desember 2025 dan 2024,                                    December 31, 2025 and 2024, the Company has
   Perusahaan telah memenuhi kewajiban rasio                                  complied with the required financial ratios and
   keuangan dan syarat-syarat perjanjian yang ada.                            covenants.

   IG                                                                         IG

   Pada Desember 2011, IG memperoleh fasilitas                                In December 2011, IG obtained demand loan and
   demand loan dan rekening koran dengan jumlah                               overdraft facilities with maximum amount of
   maksimum sebesar Rp 15 milyar dan Rp 10 milyar.                            Rp 15 billion and Rp 10 billion, respectively. These
   Fasilitas ini telah diperpanjang beberapa kali, terakhir                   facilities have been extended several times, and
   sampai dengan tanggal 24 Juli 2026. Pinjaman ini                           the latest is valid until July 24, 2026. This loan is
   dijamin dengan tanah dan bangunan yang terletak di                         secured by land and building located in Pantai
   Pantai Mutiara, Jakarta (Catatan 8) milik THI, entitas                     Mutiara, Jakarta (Note 8) owned by THI, a
   anak.                                                                      subsidiary.




                                                                  - 83 -
Page 396
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


   IG diwajibkan untuk memenuhi beberapa syarat                    In relation to these credit facilities, IG is required to
   perjanjian pinjaman, diantaranya pembatasan IG                  fulfill certain covenants, among others, restrictions
   untuk bertindak sebagai penjamin atas utang pihak               to act as guarantor for the debts of third parties and
   ketiga dan menyewakan atau menjual atau                         renting or selling or mortaging the land and
   menjaminkan tanah dan bangunan yang telah                       buildings that have been pledged to the Bank to
   dijaminkan kepada Bank kepada pihak ketiga                      any third parties. As of December 31, 2025 and
   manapun juga. Pada tanggal 31 Desember 2025 dan                 2024, IG has complied with the required
   2024, IG telah memenuhi syarat-syarat perjanjian                covenants.
   yang ada.

   THI                                                             THI

   Pada tahun 2008, THI, entitas anak, memperoleh                  In 2008, THI, a subsidiary, obtained an on demand
   fasilitas demand loan dan pinjaman rekening koran               loan and overdraft loan facilities with maximum
   dengan jumlah maksimum masing-masing sebesar                    amounts of Rp 5 billion and Rp 3 billion,
   Rp 5 milyar dan Rp 3 milyar. Fasilitas ini telah                respectively. These facilities have been extended
   diperpanjang beberapa kali, terakhir sampai dengan              several times, and the latest is valid until
   tanggal 2 September 2024. Sejak tanggal                         September 2, 2024. Since September 2, 2011, the
   2 September 2011, jaminan atas pinjaman ini                     collaterals on these loans have been changed to
   menjadi sebidang tanah yang terletak di Pantai                  land located in Pantai Mutiara, Jakarta owned by
   Mutiara, Jakarta milik THI (Catatan 8). Fasilitas ini           THI (Note 8). These facilities were fully paid on
   telah dilunasi pada tanggal 27 Mei 2024.                        May 27, 2024.

   Pada tanggal 27 Mei 2024, THI memperoleh fasilitas              On May 27, 2024, THI obtained an investment
   kredit investasi dengan jumlah maksimum sebesar                 credit facility with maximum amount of
   Rp 108 milyar yang akan jatuh tempo pada tanggal                Rp 108 billion which will mature on
   25 Desember 2027. Fasilitas ini dijamin dengan                  December 25, 2027. These loan are secured with
   beberapa tanah dan bangunan yang terletak di                    several land and building located in Jakarta and
   Jakarta dan Surabaya milik THI dan IG, entitas anak             Surabaya owned by THI and IG, a subsidiary
   (Catatan 16).                                                   (Note 16).

   THI diwajibkan untuk memenuhi beberapa syarat                   In relation to these credit facilities, THI is required
   perjanjian pinjaman, diantaranya pembatasan THI                 to fulfill certain covenants, among others,
   untuk melakukan perubahan anggaran dasar,                       restrictions to change the articles of association
   susunan Direksi dan Komisaris serta para pemegang               and composition of the shareholders, directors and
   saham; dan penyertaan atau investasi pada                       commissioners; and investments in other
   perusahaan lain. Pada tanggal 31 Desember 2025                  companies. As of December 31, 2025 and 2024,
   dan 2024, THI telah memenuhi syarat-syarat                      THI has complied with the required covenants.
   perjanjian yang ada.

   PT Bank IBK Indonesia Tbk                                       PT Bank IBK Indonesia Tbk

                                               2025                2024

   Utang bank jangka pendek                                                       Short-term bank loans
      PT Intiland Grande (IG)                                                        PT Intiland Grande (IG)
          Pinjaman rekening koran             4.203.475.961       4.963.258.552           Overdraft
          On demand                          25.000.000.000       6.000.000.000           On demand

   Jumlah                                    29.203.475.961      10.963.258.552   Total




                                                        - 84 -
Page 397
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


   Pada tanggal 26 Oktober 2011, IG, entitas anak,                   On October 26, 2011, IG, a subsidiary, obtained a
   memperoleh fasilitas modal kerja berupa pinjaman                  working capital facility in the form of an overdraft
   rekening koran dengan maksimum pinjaman sebesar                   loan with a maximum amount of Rp 5 billion and a
   Rp 5 milyar dan demand loan dengan maksimum                       demand loan with a maximum amount of
   pinjaman sebesar Rp 10 milyar. Pada tanggal                       Rp 10 billion. On October 30, 2014, the maximum
   30 Oktober 2014, nilai maksimum pinjaman demand                   amount of demand loan has increased to
   loan meningkat menjadi Rp 25 milyar. Fasilitas ini                Rp 25 billion. These facilities have been extended
   telah diperpanjang beberapa kali, terakhir sampai                 several times, and the latest is valid until
   dengan tanggal 3 September 2026.                                  September 3, 2026.

   Pinjaman ini dijamin dengan tanah dan bangunan                    These loans are secured with land and building
   milik IG yang terletak di Surabaya dan IS yang                    owned by IG located in Surabaya and IS located in
   terletak di Mojokerto (Catatan 8 dan 15).                         Mojokerto (Notes 8 and 15).

   IG diwajibkan untuk memenuhi syarat perjanjian                    In relation to these credit facilities, IG is required to
   pinjaman, yaitu pembatasan untuk bertindak sebagai                fulfill covenants, which are restrictions on acting as
   penjamin terhadap utang pihak lain; menyewakan,                   a guarantor for the debts of other parties; renting,
   menjual atau menjaminkan lagi barang-barang                       selling or re-collateralizing goods to other parties;
   jaminan kepada pihak lain; memberi dan atau                       give and or receive loans from other parties;
   menerima pinjaman dari pihak lain; mengubah                       change the composition and ownership interest;
   susunan dan jumlah kepemilikan; dan melakukan                     and conduct liquidation or merger. As of
   pembubaran       atau    merger.  Pada     tanggal                December 31, 2025 and 2024, IG has complied
   31 Desember 2025 dan 2024, IG telah memenuhi                      with the required covenants.
   syarat perjanjian yang ada.

   PT Bank JTrust Indonesia Tbk                                      PT Bank JTrust Indonesia Tbk

                                                2025                 2024

   Utang bank jangka pendek                                                          Short-term bank loans
      PT Perkasalestari Permai (PLP)                                                    PT Perkasalestari Permai (PLP)
          Pinjaman rekening koran             16.555.249.915       14.770.998.887            Overdraft

   Utang bank jangka panjang                                                         Long-term bank loans
       PT Perkasalestari Permai (PLP)        235.416.666.663      242.708.333.331       PT Perkasalestari Permai (PLP)
       PT Perkebunan dan Industri Segajung                                              PT Perkebunan dan Industri Segajung
           (Segajung)                                      -          332.114.451           (Segajung)
   Jumlah                                    235.416.666.663      243.040.447.782    Subtotal
   Jatuh tempo jangka pendek                 (31.604.166.664)     (20.123.781.117)   Current portion

   Jatuh tempo lebih dari satu tahun         203.812.499.999      222.916.666.665    Long-term portion
   Biaya transaksi yang belum diamortisasi    (6.292.506.946)      (8.262.906.551)   Unamortized transaction costs

   Bersih                                    197.519.993.053      214.653.760.114    Net



   PLP                                                               PLP

   Pada tanggal 14 Mei 2024, PLP, entitas anak,                      On May 14, 2024, PLP, a subsidiary, obtained an
   memperoleh fasilitas pinjaman rekening koran                      overdraft loan with a maximum amount of
   dengan maksimum pinjaman sebesar Rp 20 miliar                     Rp 20 billion and installment loan with a maximum
   dan kredit angsuran dengan maksimum pinjaman                      amount of Rp 55 billion and Rp 195 billion.
   sebesar Rp 55 miliar dan Rp 195 miliar. Pinjaman                  Overdraft loan is valid until May 14, 2025 and
   rekening koran jatuh tempo tanggal 14 Mei 2025 dan                extended until May 16, 2026. Installment loan is
   diperpanjang sampai dengan 16 Mei 2026. Pinjaman                  valid until May 16, 2031.
   kredit angsuran jatuh tempo tanggal 16 Mei 2031.

   Pinjaman ini dijamin dengan tanah milik PLP yang                  These loans are secured with land owned by PLP
   terletak di Tangerang (Catatan 13) dan jaminan                    located in Tangerang (Note 13) and corporate
   perusahaan dari PLU.                                              guarantee from PLU.



                                                         - 85 -
Page 398
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


   Segajung                                                       Segajung

   Pada tanggal 26 Agustus 2022, Segajung, entitas                On August 26, 2022, Segajung, a subsidiary,
   anak, memperoleh fasilitas modal kerja berupa                  obtained a working capital facility in the form of an
   pinjaman rekening koran dengan maksimum                        overdraft loan with a maximum amount of
   pinjaman sebesar Rp 20 miliar dan kredit angsuran              Rp 20 billion and an installment loan with a
   dengan maksimum pinjaman sebesar Rp 100 miliar.                maximum amount of Rp 100 billion. Overdraft loan
   Pinjaman rekening koran jatuh tempo sampai dengan              is valid until August 29, 2024 and has been
   tanggal 29 Agustus 2024 dan telah diperpanjang                 extended until August 29, 2025. Installment loan is
   sampai dengan 29 Agustus 2025. Kredit angsuran                 valid until August 26, 2027. The installment credit
   jatuh tempo tanggal 26 Agustus 2027. Pinjaman                  loan was fully paid on January 10, 2025.
   kredit angsuran telah dilunasi pada tanggal
   10 Januari 2025.

   Pinjaman ini dijamin dengan tanah dan bangunan                 These loans are secured with land and building
   milik  Segajung     yang   terletak di  Batang                 owned by Segajung located in Batang
   (Catatan 13).                                                  (Note 13).

   IS                                                             IS

   Pada tanggal 25 Februari 2025, IS, entitas anak,               On February 25, 2025, IS, a subsidiary, obtained a
   memperoleh fasilitas kredit angsuran berjangka di              term installment credit facility at PT Bank JTrust
   PT Bank JTrust Indonesia Tbk dengan maksimum                   Indonesia Tbk with a maximum amount of
   pinjaman sebesar Rp 125 miliar. Pinjaman jatuh                 Rp 125 billion. The loan is valid until
   tempo tanggal 25 Februari 2031. Pinjaman ini telah             February 25, 2031. This facility was fully paid on
   dilunasi pada tanggal 12 Desember 2025.                        December 12, 2025.

   Pinjaman ini dijamin dengan tanah kosong milik                 This loan is secured with vacant land owned by
   SCG, entitas anak, yang terletak di Surabaya dan               SCG, a subsidiary, located in Surabaya and a
   jaminan perusahaan dari IG, entitas anak.                      corporate guarantee from IG, a subsidiary.

   PT Bank Permata Tbk                                            PT Bank Permata Tbk

   Pada tanggal 10 Agustus 2018, Perusahaan                       On August 10, 2018, the Company obtained
   memperoleh fasilitas pinjaman berulang dengan                  revolving loan with maximum amount of
   jumlah maksimum sebesar Rp 50 milyar. Pada                     Rp 50 billion. On November 25, 2019, based on
   tanggal      25     November      2019   berdasarkan           Deed No. 32 the maximum amount of revolving
   Akta No. 32, pinjaman ini meningkat menjadi                    loan has increased to Rp 60 billion. In September
   Rp 60 milyar. Pada bulan September 2024, jumlah                2024, the maximum amount of this facility has
   maksimum         pinjaman ini menurun menjadi                  decreased to Rp 16 billion. In 2025, the maximum
   Rp 16 milyar. Pada tahun 2025, jumlah maksimum                 amount of this facility has decreased to
   pinjaman ini menurun menjadi Rp 13,5 milyar.                   Rp 13.5 billion. This facility has been extended
   Fasilitas ini telah diperpanjang beberapa kali, terakhir       several times, and the latest is valid until
   sampai dengan tanggal 10 Agustus 2026.                         August 10, 2026.

   Pinjaman ini dijamin beberapa bidang tanah milik               This facility is secured with several parcels of land
   PT Inti Gria Perdana, entitas anak, yang berlokasi di          owned by PT Inti Gria Perdana, a subsidiary,
   Lebak Bulus, Jakarta dan 2 bidang tanah milik                  located in Lebak Bulus, Jakarta and 2 parcels of
   PT Sinar Puspapersada, entitas anak, yang berlokasi            land owned by PT Sinar Puspapersada,
   di Talaga Bestari (Catatan 8 dan 13).                          a subsidiary, located in Talaga Bestari (Notes 8
                                                                  and 13).

   Perusahaan diwajibkan untuk memenuhi beberapa                  In relation to this credit facility, the Company is
   syarat perjanjian pinjaman, diantaranya untuk                  required to fulfill certain covenants, among others,
   menjaga beberapa rasio keuangan tertentu. Pada                 to maintain certain financial ratios. As of
   tanggal 31 Desember 2025 dan 2024, Perusahaan                  December 31, 2025 and 2024, the Company has
   telah memenuhi syarat-syarat perjanjian yang ada.              complied with the required covenants.




                                                         - 86 -
Page 399
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


   PT Bank Central Asia Tbk (BCA)                                   PT Bank Central Asia Tbk (BCA)

                                                2025                2024

   Utang bank jangka pendek                                                         Short-term bank loans
      PT Intiland Sejahtera (IS)                                                       PT Intiland Sejahtera (IS)
          Pinjaman rekening koran              9.992.230.914       3.079.333.913            Overdraft
      PT Grande Family View (GFV)                                                      PT Grande Family View (GFV)
          Time loan revolving                               -     10.000.000.000            Time loan revolving
   Jumlah                                      9.992.230.914      13.079.333.913    Subtotal


   IS                                                               IS

   Pada tanggal 7 Mei 2015, IS, entitas anak,                       On May 7, 2015, IS, a subsidiary, obtained
   memperoleh fasilitas pinjaman rekening koran dari                an overdraft loan from PT Bank Central
   PT Bank Central Asia Tbk dengan jumlah maksimum                  Asia Tbk with a maximum amount of Rp 10 billion
   sebesar Rp 10 milyar yang telah diperpanjang                     and has been extended several times, the latest
   beberapa kali, terakhir sampai 7 Mei 2026. Pinjaman              valid until May 7, 2026. This loan is secured with
   ini dijamin dengan tanah seluas 18.240 m2 milik IS               18,240 square meters land owned by IS located in
   yang terletak di Ngoro, Surabaya (Catatan 8).                    Ngoro, Surabaya (Note 8).

   IS diwajibkan untuk memenuhi syarat perjanjian                   In relation to this credit facility, IS is required to fulfill
   pinjaman, yaitu pembatasan untuk meminjamkan                     covenants, which are restrictions on lending
   uang termasuk ke pihak berelasi, kecuali digunakan               money, including to related parties, unless it is
   untuk operasional; dan melakukan merger, akuisisi,               used for operations; and conduct mergers,
   dan likuidasi. Pada tanggal 31 Desember 2025 dan                 acquisitions and liquidations. As of December 31,
   2024, IS telah memenuhi syarat perjanjian yang ada.              2025 and 2024, IS has complied with the required
                                                                    covenants.

   GFV                                                              GFV

   GFV memperoleh fasilitas pinjaman rekening koran                 GFV, a subsidiary, obtained an overdraft facility
   sebesar Rp 7 milyar dan tambahan fasilitas pinjaman              amounting to Rp 7 billion and obtained an
   berupa time loan revolving dengan maksimum                       additional credit facility in the form of time loan
   pinjaman sebesar Rp 3 milyar. Pada tanggal 6 April               revolving with maximum amount of Rp 3 billion. On
   2023, jumlah maksimum pinjaman masing-masing                     April 6, 2023, the maximum amount increases to
   meningkat menjadi Rp 10 milyar. Fasilitas pinjaman               Rp 10 billion each. These loan facilities have been
   telah diperpanjang beberapa kali, terakhir sampai                extended several times, and the latest is valid until
   dengan 13 Maret 2026.                                            March 13, 2026.

   Fasilitas-fasilitas pinjaman di atas dijamin dengan              All of these loan facilities are secured with 2,751
   tanah seluas 2.751 m2 di Graha Famili, Surabaya                  square meters land in Graha Famili, Surabaya
   milik GFV (Catatan 13).                                          owned by GFV (Note 13).

   Pinjaman ini telah dilunasi pada tanggal 21 Juli 2025.           The loan was fully paid on July 21, 2025.

   GFV diwajibkan untuk memenuhi syarat perjanjian                  In relation to these credit facilities, GFV is required
   pinjaman, yaitu tanpa persetujuan terlebih dahulu                to fulfill covenants, which are without prior approval
   dari BCA, GFV tidak diperkenankan untuk                          from BCA, GFV is not allowed to obtaining loans
   memperoleh pinjaman dari pihak lain; meminjamkan                 from other parties; lending money, including to
   uang termasuk ke pihak berelasi, kecuali digunakan               related parties, unless it is used for operations; and
   untuk operasional; dan melakukan merger, akuisisi,               conduct mergers, acquisitions, and liquidations. As
   dan likuidasi. Pada tanggal 31 Desember 2024, GFV                of December 31, 2025 and 2024, GFV has
   telah memenuhi syarat perjanjian yang ada.                       complied with the required covenants.




                                                         - 87 -
Page 400
PT INTILAND DEVELOPMENT Tbk                                                            PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2025 dan 2024                                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                    (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                      Otherwise Stated)


   PT Bank MNC Internasional Tbk                                        PT Bank MNC Internasional Tbk

                                                  2025                  2024

   Utang bank jangka pendek                                                              Short-term bank loans
      PT Intiland Grande (IG)                                                               PT Intiland Grande (IG)
          Pinjaman tetap                         1.000.000.000         1.000.000.000             Fixed loan

   Jumlah                                        1.000.000.000         1.000.000.000     Total


   Utang bank jangka panjang                                                             Long-term bank loans
       Perusahaan                               142.824.340.870       149.500.000.000       The Company
   Jatuh tempo jangka pendek                     (2.750.000.000)                    -    Current portion
   Jatuh tempo lebih dari satu tahun           140.074.340.870       149.500.000.000     Long-term portion
   Biaya transaksi yang belum diamortisasi       (2.090.474.914)       (2.532.311.290)   Unamortized transaction costs

   Jumlah                                      137.983.865.956       146.967.688.710     Total


   IG                                                                   IG

   IG, entitas anak, memperoleh fasilitas pinjaman tetap                IG, a subsidiary, obtained fixed loan facility with
   dengan jumlah maksimum sebesar Rp 75 milyar.                         maximum amount of Rp 75 billion. In December
   Pada Desember 2022, jumlah maksimum pinjaman                         2022, the maximum amount of loan facility
   berubah menjadi sebesar Rp 64.966.437.355.                           changed to Rp 64,966,437,355. Based on
   Berdasarkan Perjanjian Perubahan No. 016/MB-                         Amendment        Agreement       No.        016/MB-
   IG/PT/Add/2/2023 tanggal 24 Februari 2023, jumlah                    IG/PT/Add/2/2023 dated February 24 2023, the
   maksimum pinjaman tetap yang diberikan kepada IG                     maximum amount of fixed loan facility granted to IG
   berubah menjadi sebesar Rp 1 milyar. Fasilitas ini                   has changed to Rp 1 billion. This facility has been
   telah diperpanjang beberapa kali, terakhir sampai                    extended several times, and the latest is valid until
   dengan 26 Juli 2026.                                                 July 26, 2026.

   Pinjaman ini dijamin dengan beberapa tanah di                        This loan is secured by several land located in
   Surabaya milik IG (Catatan 8).                                       Surabaya owned by IG (Note 8).

   IG diwajibkan untuk memenuhi beberapa syarat                         In relation to this credit facility, IG is required to
   perjanjian pinjaman, diantaranya pembatasan IG                       fulfill certain covenants, among others, restrictions
   untuk melakukan perubahan susunan pengurus dan                       to changes the composition of the board and
   pemegang saham dan menjaga rasio keuangan                            shareholders and maintain certain financial ratios.
   tertentu. Pada tanggal 31 Desember 2025 dan 2024,                    As of December 31, 2025 and 2024, IG has
   IG telah memenuhi kewajiban rasio keuangan dan                       complied with the required financial ratios and
   syarat-syarat perjanjian yang ada.                                   covenants.

   Perusahaan                                                            The Company

   Perusahaan memperoleh fasilitas modal kerja                           The Company obtained a working capital facility in
   berupa Pinjaman Tetap 1, 2, dan 3 dengan                              the form of Fixed Loan 1, 2, and 3 with a maximum
   maksimum pinjaman masing-masing sebesar                               amount of Rp 109 billion, Rp 40 billion, and
   Rp 109 milyar, Rp 40 milyar, dan Rp 15 milyar.                        Rp 15 billion, respectively. These facilities have
   Fasilitas ini telah diperpanjang beberapa kali, terakhir              been extended several times, and the latest is
   sampai dengan 20 Februari 2024.                                       valid until February 20, 2024.




                                                            - 88 -
Page 401
PT INTILAND DEVELOPMENT Tbk                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                 Otherwise Stated)


   Pada bulan Januari 2024, Perusahaan dan                           In January 2024, the Company and PT Bank MNC
   PT Bank MNC Internasional Tbk telah sepakat untuk                 Internasional Tbk have agreed to combine the
   menggabungkan seluruh pokok fasilitas Pinjaman                    entire principal amount of Fixed Loan facilities 1,
   Tetap 1, 2, dan 3 serta mengalokasikan seluruh                    2, and 3 and allocate the entire principal amount
   jumlah pokok fasilitas tersebut menjadi fasilitas                 of these facilities into a Special Transaction Loan
   Pinjaman Transaksi Khusus (PTK) sebesar                           (PTK) facility amounting to Rp 164,000,000,000.
   Rp      164.000.000.000.  Pada    Januari   2024,                 In January 2024, the Company repaid part of the
   Perusahaan melakukan pelunasan sebagian pokok                     principal amount of the PTK facility amounting to
   fasilitas PTK tersebut sebesar Rp 14.500.000.000                  Rp 14,500,000,000 so that the principal amount of
   sehingga pokok fasilitas PTK menjadi sebesar                      the PTK facility amounted to Rp 149,500,000,000.
   Rp 149.500.000.000. Fasilitas pinjaman ini akan                   This loan facility will mature on January 30, 2031.
   jatuh tempo pada 30 Januari 2031.

   Pinjaman ini dijamin dengan beberapa bidang tanah                 These loans are secured by several parcels of
   yang terletak di Surabaya milik PT Intiland Grande,               land owned by PT Intiland Grande, a subsidiary,
   entitas anak (Catatan 8).                                         located in Surabaya (Note 8).

   Perusahaan diwajibkan untuk memenuhi beberapa                     In relation to these credit facilities, the Company
   syarat perjanjian pinjaman, diantaranya pembatasan                is required to fulfill certain covenants, among
   Perusahaan untuk melakukan perubahan susunan                      others, restrictions to changes in the composition
   pengurus dan pemegang saham mayoritas dan                         of the board and majority shareholders and
   menjaga rasio keuangan tertentu. Pada tanggal                     maintain certain financial ratios. As of
   31 Desember 2025 dan 2024, Perusahaan telah                       December 31, 2025 and 2024, the Company has
   memenuhi syarat-syarat perjanjian yang ada.                       complied with these covenants.

   PT Bank Victoria International Tbk (Victoria)                    PT Bank Victoria International Tbk (Victoria)

                                               2025                2024

   Utang bank jangka pendek                                                         Short-term bank loans
      PT Intiland Esperto (IE)                                                         PT Intiland Esperto (IE)
          On demand                                       -      11.250.000.000             On demand
      PT Inti Gria Pramudya (IG Pramudya)                                              PT Inti Gria Pramudya (IG Pramudya)
          Pinjaman rekening koran                         -       4.881.771.978             Overdraft
   Jumlah                                                 -      16.131.771.978     Total

   Utang bank jangka panjang                                                        Long-term bank loans
      PT Intiland Grande (IG)                                                          PT Intiland Grande (IG)
          On demand                                       -      37.612.000.000            On demand
      PT Inti Gria Perdana (IG Perdana)                                                PT Inti Gria Perdana (IG Perdana)
          Pinjaman tetap                     10.880.000.000      22.400.000.000            Fixed loan
   Jumlah                                    10.880.000.000       60.012.000.000    Subtotal
   Jatuh tempo jangka pendek                 (1.160.000.000)     (52.012.000.000)   Current portion
   Jatuh tempo lebih dari satu tahun          9.720.000.000       8.000.000.000     Long-term portion
   Biaya transaksi yang belum diamortisasi     (207.999.748)       (174.249.354)    Unamortized transaction costs

   Bersih                                     9.512.000.252       7.825.750.646     Net




                                                        - 89 -
Page 402
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


   IE                                                             IE

   Pada tanggal 7 Maret 2018, IE, entitas anak,                   On March 7, 2018, IE, a subsidiary, obtained a
   memperoleh fasilitas kredit berupa demand loan                 demand loan credit facility with maximum amount
   dengan jumlah maksimum sebesar Rp 15 milyar.                   of Rp 15 billion. This facility has been extended
   Fasilitas ini telah diperpanjang beberapa kali, terakhir       several times, and the latest is valid until June 14,
   sampai dengan tanggal 14 Juni 2026 dengan                      2026 with a change in the facility to a fixed loan.
   perubahan fasilitas menjadi fixed loan. Pinjaman ini           This loan is secured with 4,215 square meters of
   dijamin dengan sebidang tanah seluas 4.215 m2 di               land owned by PT Inti Gria Perdana, a subsidiary,
   Lebak Bulus, Jakarta milik PT Inti Gria Perdana,               and located in Lebak Bulus, Jakarta (Note 8) and
   entitas anak, (Catatan 8) dan corporate guarantee              corporate guarantee from the Company.
   dari Perusahaan.

   Pada tanggal 26 Mei 2025, IE memperoleh                        On May 26, 2025, IE obtained restructured fixed
   restrukturisasi fasilitas fixed loan. Fasilitas ini            loan credit facility. This facility is valid until
   diperpanjang sampai dengan tanggal 14 Mei 2030.                May 14, 2030.

   Pinjaman ini telah dilunasi pada tanggal 31 Juli 2025.         This facility was fully paid on July 31, 2025.

   IE diwajibkan untuk memenuhi beberapa syarat                   In relation to these credit facilities, IE is required to
   perjanjian pinjaman, diantaranya pembatasan IE                 fulfill certain covenants, among others, restrictions
   untuk melakukan merger, bertindak sebagai                      to conduct mergers, act as guarantor for other
   penjamin terhadap pihak lain, dan melakukan                    parties, and repay shareholder loans. As of
   pelunasan pinjaman pemegang saham. Pada tanggal                December 31, 2024, IE has complied with the
   31 Desember 2024, IE telah memenuhi syarat-syarat              required covenants.
   perjanjian yang ada.

   IG Pramudya                                                    IG Pramudya

   Pada tanggal 21 Juni 2017, IG Pramudya, entitas                On June 21, 2017, IG Pramudya, a subsidiary,
   anak, memperoleh fasilitas kredit berupa pinjaman              obtained credit facilities in the form of overdraft
   rekening koran dengan jumlah maksimum sebesar                  facility with maximum amount of Rp 5 billion which
   Rp 5 milyar yang telah diperpanjang beberapa kali,             has been extended several times, the latest is until
   terakhir sampai dengan tanggal 21 Juni 2025 dan                June 21, 2025 and demand loan with maximum
   demand loan sebesar Rp 20 milyar yang telah                    amount of Rp 20 billion which has been extended
   diperpanjang beberapa kali, terakhir sampai dengan             several times, the latest is until June 21, 2024.
   21 Juni 2024. Fasilitas demand loan telah dilunasi             Demand loan facility was fully paid on
   pada tanggal 24 Juni 2024.                                     June 24, 2024.

   Pada tanggal 5 Juni 2025, IG Pramudya memperoleh               On June 5, 2025, IG Pramudya obtained
   restrukturisasi fasilitas pinjaman rekening koran              restructured overdraft credit facility with a change
   dengan perubahan fasilitas menjadi fixed loan.                 in the facility to a fixed loan. This facility is valid until
   Fasilitas ini diperpanjang sampai dengan tanggal               May 28, 2030. This facility was fully paid on
   28 Mei 2030. Pinjaman ini telah dilunasi pada tanggal          July 31, 2025.
   31 Juli 2025.

   Pinjaman ini dijamin dengan sebidang tanah seluas              These loans are secured with 4,974 square meters
   4.974 m2 di Jakarta milik IG Pramudya (Catatan 8)              of land owned by IG Pramudya and located in
   dan corporate guarantee dari PT Intiland Esperto,              Jakarta (Note 8) and corporate guarantee from
   entitas anak. Tidak terdapat kewajiban yang harus              PT Intiland Esperto, a subsidiary. There are no
   dipenuhi sehubungan dengan adanya corporate                    obligations that must be fulfilled in connection with
   guarantee tersebut.                                            the corporate guarantee.




                                                         - 90 -
Page 403
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


   IG Pramudya diwajibkan untuk memenuhi beberapa              In relation to these credit facilities, IG Pramudya is
   syarat perjanjian pinjaman, diantaranya pembatasan          required to fulfill certain covenants, among others,
   IG Pramudya untuk melakukan merger, bertindak               restrictions to conduct mergers, act as guarantor
   sebagai penjamin terhadap pihak lain, dan                   for other parties, and repay shareholder loans.
   melakukan pelunasan pinjaman pemegang saham.                As of December 31, 2024, IG Pramudya has
   Pada tanggal 31 Desember 2024, IG Pramudya telah            complied with the required covenants.
   memenuhi syarat-syarat perjanjian yang ada.

   IG                                                          IG

   Pada tanggal 14 Desember 2018, IG, entitas anak,            On December 14, 2018, IG, a subsidiary, obtained
   memperoleh fasilitas kredit berupa pinjaman tetap           credit facilities in the form of fixed loan facility with
   dengan jumlah maksimum sebesar Rp 70 milyar                 maximum amount of Rp 70 billion which will mature
   yang akan jatuh tempo pada 14 Desember 2023 dan             on December 14, 2023 and have been extended
   telah diperpanjang sampai dengan 14 Desember                until December 14, 2025. This loan was used to
   2025. Pinjaman ini digunakan untuk refinancing              refinance Apartments Sumatra 36.
   Apartemen Sumatra 36.

   Pinjaman ini dijamin dengan tanah dan bangunan              This loan is secured with land and building
   (Catatan 8) milik GIM, entitas anak, dan personal           (Note 8) owned by GIM, a subsidiary, and personal
   guarantee dari Hendro Santoso Gondokusumo, pihak            guarantee from Hendro Santoso Gondokusumo, a
   berelasi (Catatan 44). Tidak terdapat kewajiban yang        related party (Note 44). There are no obligations
   harus dipenuhi sehubungan dengan adanya personal            that must be fulfilled in connection with the
   guarantee tersebut.                                         personal guarantee.

   Pada tanggal 2 Agustus 2021, IG memperoleh                  On August 2, 2021, IG obtained restructured
   restrukturisasi perpanjangan tanggal jatuh tempo dari       maturity date extension from December 14, 2024
   14 Desember 2024 menjadi 14 Desember 2025,                  to December 14, 2025, deferred principal payment
   penangguhan pembayaran angsuran, penangguhan                and interest payment for 12 months since
   pembayaran bunga selama 12 bulan dari Mei 2021              May 2021 until April 2022 the interest payment rate
   sampai dengan April 2022 dengan tingkat suku                is 8% per annum and deferred interest of 3% per
   bunga yang dibayarkan adalah sebesar 8% per tahun           annum will be paid in 12 months installment from
   dan bunga ditangguhkan sebesar 3% per tahun dicicil         May 2022 until April 2023, and changes the
   selama 12 bulan dari bulan Mei 2022 sampai April            maximum facility amount to Rp 65,182,000,000.
   2023, dan mengubah nilai maksimum pinjaman
   menjadi sebesar Rp 65.182.000.000.

   Pinjaman ini telah        dilunasi   pada    tanggal        This   facility    was           fully     paid       on
   11 Desember 2025.                                           December 11, 2025.

   IG diwajibkan untuk memenuhi syarat perjanjian              In relation to this credit facility, IG is required to
   pinjaman, yaitu pembatasan untuk melakukan                  fulfill covenants, which are restrictions on mergers
   merger dan akuisisi, melakukan perubahan struktur           and acquisitions, changing the capital structure
   permodalan dan susunan pemegang saham,                      and shareholder composition, binding itself as a
   mengikatkan diri sebagai penjamin, dan memberikan           guarantor, and providing loans to other parties.
   pinjaman kepada pihak lain. Pada tanggal                    As of December 31, 2024, IG has complied with the
   31 Desember 2024, IG telah memenuhi syarat                  required covenants.
   perjanjian yang ada.

   IG Perdana                                                  IG Perdana

   Pada tanggal 22 Mei 2023, IG Perdana, entitas anak,         On May 22, 2023, IG Perdana, a subsidiary,
   memperoleh fasilitas kredit berupa pinjaman tetap           obtained credit facilities in the form of fixed loan
   dengan jumlah maksimum sebesar Rp 32 milyar                 facility with maximum amount of Rp 32 billion which
   yang akan jatuh tempo pada 22 Mei 2026 dan telah            will mature on May 22, 2026 which has been
   diperpanjang sampai dengan 22 Mei 2030. Pinjaman            extended until May 22, 2030. This loan facility is
   ini dijamin dengan tanah seluas 7.440 m2 di Banten,         secured with 7,440 square meters of land owned
   milik IG Palamarta, entitas anak (Catatan 8).               by IG Palamarta, a subsidiary, located in Banten
                                                               (Note 8).


                                                      - 91 -
Page 404
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


   IG Perdana diwajibkan untuk memenuhi beberapa                     In relation to this credit facility, IG Perdana is
   syarat perjanjian pinjaman, diantaranya pembatasan                required to fulfill certain covenants, among others,
   untuk melakukan merger dan akuisisi, bertindak                    restrictions to conduct mergers and acquisitions,
   sebagai penjamin terhadap pihak lain, dan                         act as guarantor for other parties, and repay
   melakukan pelunasan pinjaman pemegang saham.                      shareholder loans. As of December 31, 2025 and
   Pada tanggal 31 Desember 2025 dan 2024,                           2024, IG Perdana has complied with the required
   IG Perdana telah memenuhi syarat-syarat perjanjian                covenants.
   yang ada.

   PT Bank KB Indonesia Tbk                                          PT Bank KB Indonesia Tbk

                                                2025                 2024

   Utang bank jangka panjang                                                         Long-term bank loan
       PT Intiland Sejahtera (IS)            169.545.279.341                    -       PT Intiland Sejahtera (IS)
   Jatuh tempo jangka pendek                 (16.954.527.936)                   -    Current portion
   Jatuh tempo lebih dari satu tahun         152.590.751.405                    -    Long-term portion
   Biaya transaksi yang belum diamortisasi    (2.466.703.431)                   -    Unamortized transaction costs

   Jumlah                                    150.124.047.974                    -    Total


   Pada tanggal 12 Desember 2025, IS, entitas anak,                  On December 12, 2025, IS, a subsidiary, obtained
   memperoleh fasilitas pinjaman modal kerja dengan                  a working capital loan with a maximum amount of
   maksimum pinjaman sebesar Rp 250 miliar. Fasilitas                Rp 250 billion. This loan is valid until February 27,
   pinjaman ini akan jatuh tempo tanggal 27 Februari                 2031 and secured by 3 parcel of land which is
   2031 dan dijaminkan dengan 3 bidang tanah yang                    located in Surabaya owned by SCG and Segajung,
   terletak di Surabaya milik SCG dan Segajung, entitas              subsidiaries.
   anak.

   IS diwajibkan untuk memenuhi beberapa syarat                      In relation to this credit facility, IS is required to fulfill
   perjanjian pinjaman dan menjaga rasio keuangan                    certain covenants and maintain certain financial
   tertentu. Pada tanggal 31 Desember 2025, IS telah                 ratios. As of December 31, 2025 and 2024, IS has
   memenuhi kewajiban rasio keuangan dan syarat                      complied with the required financial ratios and
   perjanjian yang ada.                                              covenants.

   PT Bank Woori Saudara Indonesia 1906 Tbk                          PT Bank Woori Saudara Indonesia 1906 Tbk

                                                2025                 2024

   Utang bank jangka panjang                                                         Long-term bank loans
       PT Intiland Grande (IG)               131.520.763.500      144.470.763.500       PT Intiland Grande (IG)
   Jatuh tempo jangka pendek                 (75.625.000.000)     (60.500.000.000)   Current portion
   Jatuh tempo lebih dari satu tahun          55.895.763.500       83.970.763.500    Long-term portion
   Biaya transaksi yang belum diamortisasi      (925.498.981)      (1.403.432.807)   Unamortized transaction costs

   Jumlah                                     54.970.264.519       82.567.330.693    Total


   Pada tanggal 22 Desember 2022, IG, entitas anak,                  On December 22, 2022, IG, a subsidiary, obtained
   memperoleh fasilitas pinjaman angsuran dengan                     an installment loan with a maximum amount of
   maksimum pinjaman sebesar Rp 242 miliar. Fasilitas                Rp 242 billion. This loan is valid until December 23,
   pinjaman     ini   akan  jatuh  tempo     tanggal                 2027 and secured by a parcel of land with an area
   23 Desember 2027 dan dijaminkan dengan sebidang                   of 11,047 sqm which is located in Surabaya owned
   tanah seluas 11.047 m2 yang terletak di Surabaya                  by KLS, a subsidiary.
   milik KLS, entitas anak.

   IG diwajibkan untuk memenuhi beberapa syarat                      In relation to this credit facility, IG is required to
   perjanjian pinjaman dan menjaga rasio keuangan                    fulfill certain covenants and maintain certain
   tertentu. Pada tanggal 31 Desember 2025 dan 2024,                 financial ratios. As of December 31, 2025 and
   IG telah memenuhi kewajiban rasio keuangan dan                    2024, IG has complied with the required financial
   syarat perjanjian yang ada.                                       ratios and covenants.


                                                         - 92 -
Page 405
PT INTILAND DEVELOPMENT Tbk                                                            PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2025 dan 2024                                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                    (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                      Otherwise Stated)


   PT Bank UOB Indonesia                                                 PT Bank UOB Indonesia

                                                 2025                   2024

   Utang bank jangka panjang                                                             Long-term bank loans
       PT Taman Harapan Indah (THI)             5.348.382.808          6.047.628.198        PT Taman Harapan Indah (THI)
   Jatuh tempo jangka pendek                     (765.788.691)          (699.245.393)    Current portion
   Jatuh tempo lebih dari satu tahun            4.582.594.117          5.348.382.805     Long-term portion
   Biaya transaksi yang belum diamortisasi        (33.740.769)           (47.184.225)    Unamortized transaction costs

   Jumlah                                       4.548.853.348          5.301.198.580     Total



   Pada tanggal 26 Juli 2023, THI, entitas anak,                         On July 26, 2023, THI, a subsidiary, obtained an
   memperoleh fasilitas kredit angsuran dengan jumlah                    installment credit facility with a maximum amount
   maksimum sebesar Rp 6.700.000.000 yang akan                           of Rp 6,700,000,000 which will mature on
   jatuh tempo pada tanggal 26 Juli 2031. Fasilitas ini                  July 26, 2031. This facility is secured with land and
   dijamin dengan tanah dan bangunan Plaza De                            building of Plaza De Lumina owned by THI, a
   Lumina atas nama THI, entitas anak (Catatan 8).                       subsidiary (Note 8).

   THI diwajibkan untuk memenuhi beberapa syarat                         In relation to these credit facilities, THI is required
   perjanjian pinjaman, diantaranya yaitu pembatasan                     to fulfill several terms, including restrictions on
   untuk menjual barang jaminan, melakukan                               selling collateral, making changes to business
   perubahan kegiatan usaha, menerima pinjaman atau                      activities, accepting loans or providing loans to
   memberikan pinjaman kepada pihak lain, dan                            other parties, and binding itself as a guarantor.
   mengikatkan diri sebagai penjamin. Pada tanggal                       As of December 31, 2025 and 2024, THI has
   31 Desember 2025 dan 2024, THI telah memenuhi                         complied with the required covenants.
   syarat perjanjian yang ada.

   Utang Bank Sindikasi                                                  Syndicated Bank Loan

                                                  2025                   2024

   Utang bank sindikasi                                                                  Syndicated bank loan
      Perusahaan                                                                            The Company
          PT Bank Negara Indonesia                                                              PT Bank Negara Indonesia
             (Persero) Tbk                   1.362.663.271.738      1.372.037.002.262              (Persero) Tbk
          PT Bank Central Asia Tbk             973.186.968.995        980.160.841.495           PT Bank Central Asia Tbk
   Jumlah                                    2.335.850.240.733      2.352.197.843.757    Subtotal
   Jatuh tempo jangka pendek                  (328.614.640.789)       (21.633.926.650)   Current portion
   Jatuh tempo lebih dari satu tahun         2.007.235.599.944      2.330.563.917.107    Long-term portion
   Biaya transaksi yang belum diamortisasi    (803.171.289.744)      (392.551.327.330)   Unamortized transaction costs

   Bersih                                    1.204.064.310.200      1.938.012.589.777    Net


   Berdasarkan Akta Perjanjian Kredit Sindikasi No. 31                   Based on the Syndication Credit Agreement
   tanggal 21 Desember 2018 yang dibuat di hadapan                       Deed No. 31 dated December 21, 2018 from
   Notaris Endang Moeliani, S.H., Perusahaan                             Endang Moeliani, S.H., the Company has obtained
   memperoleh fasilitas kredit sindikasi berupa kredit                   syndication credit facilities in the form of
   investasi (KI) dari PT Bank Negara Indonesia                          investment credit (KI) from PT Bank Negara
   (Persero) Tbk dan PT Bank Central Asia Tbk sebesar                    Indonesia (Persero) Tbk and PT Bank Central Asia
   maksimum Rp 2.775.406.916.417. Pada tanggal                           Tbk     with    a    maximum       amount     of
   21 Maret 2019, berdasarkan Akta Perjanjian Kredit                     Rp 2,775,406,916,417. On March 21, 2019, based
   Sindikasi Addendum 1 No. 14, nilai maksimum                           on Addendum 1 Syndicated Credit Agreement
   fasilitas kredit sindikasi meningkat menjadi                          Deed No. 14, the maximum amount of the
   Rp 2.813.406.916.417 dengan perincian sebagai                         syndicated credit facility has increased to
   berikut:                                                              Rp 2,813,406,916,417 with details as follows:

    1. Fasilitas KI Tranche 1 maksimal sebesar                          1. KI Tranche 1 Facility with a maximum amount
       Rp 877.849.000.000, yang terdiri dari:                              of Rp 877,849,000,000, which consists of:


                                                           - 93 -
Page 406
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


         i. Fasilitas KI Tranche 1 Sub-Tranche DILD                  i. KI Tranche 1 Sub-Tranche DILD Facilty with
            maksimal sebesar Rp 446.664.000.000 yang                    a        maximum           amount         of
            digunakan untuk melunasi fasilitas kredit                   Rp 446,664,000,000 which is used to repay
            yang telah diberikan oleh Bank Bukopin                      the credit facilities provided by Bank
            kepada Perusahaan;                                          Bukopin to the Company;
        ii. Fasilitas KI Tranche 1 Sub-Tranche IG                   ii. KI Tranche 1 Sub-Tranche IG Facilty with a
            maksimal sebesar Rp 109.512.000.000 yang                    maximum amount of Rp 109,512,000,000
            digunakan untuk melunasi fasilitas kredit                   which is used to repay the credit facilities
            yang telah diberikan oleh Bank Bukopin                      provided by Bank Bukopin to IG,
            kepada IG, entitas anak;                                    a subsidiary;
       iii. Fasilitas KI Tranche 1 Sub-Tranche THI                 iii. KI Tranche 1 Sub-Tranche THI Facilty with
            maksimal sebesar Rp 100.000.000.000 yang                    a        maximum           amount         of
            digunakan untuk melunasi fasilitas kredit                   Rp 100,000,000,000 which is used to repay
            yang telah diberikan oleh Bank Bukopin                      the credit facilities provided by Bank
            kepada THI, entitas anak; dan                               Bukopin to THI, a subsidiary; and
       iv. Fasilitas KI Tranche I Sub-Tranche                      iv. KI Tranche 1 Sub-Tranche Term Loan
            Term       Loan      maksimal    sebesar                    Facilty with a maximum amount of
            Rp 221.673.000.000 yang digunakan untuk                     Rp 221,673,000,000 which is used to
            pembiayaan gedung Intiland Tower Jakarta                    finance the Company’s Intiland Tower
            dan Intiland Tower Surabaya milik                           Jakarta and Intiand Tower Surabaya
            Perusahaan dan tidak digunakan untuk                        buildings and not used for land purchases.
            pembelian tanah.

    2. Fasilitas KI Tranche 2 maksimal sebesar                   2. KI Tranche 2 Facility with a maximum amount
       Rp 988.094.000.000, yang terdiri dari:                       of Rp 988,094,000,000, which consists of:

         i. Fasilitas KI Tranche 2 Sub-Tranche DILD-                 i. KI Tranche 2 Sub-Tranche DILD-BTN
            BTN maksimal sebesar Rp 110.000.000.000                     Facilty with a maximum amount of
            yang digunakan untuk melunasi fasilitas                     Rp 110,000,000,000 which is used to repay
            kredit yang telah diberikan oleh BTN kepada                 the credit facilities provided by BTN to the
            Perusahaan;                                                 Company;
        ii. Fasilitas KI Tranche 2 Sub-Tranche IG-QNB               ii. KI Tranche 2 Sub-Tranche IG-QNB Facilty
            maksimal sebesar Rp 148.000.000.000 yang                    with     a        maximum       amount      of
            digunakan untuk melunasi fasilitas kredit                   Rp 148,000,000,000 which is used to repay
            yang telah diberikan oleh QNB kepada IG,                    the credit facilities provided by QNB to IG, a
            entitas anak;                                               subsidiary;
       iii. Fasilitas KI Tranche 2 Sub-Tranche THI-QNB             iii. KI Tranche 2 Sub-Tranche THI-QNB Facilty
            maksimal sebesar Rp 111.094.000.000 yang                    with     a        maximum       amount      of
            digunakan untuk melunasi fasilitas kredit                   Rp 111,094,000,000 which is used to repay
            yang telah diberikan oleh QNB kepada THI,                   the credit facilities provided by QNB to THI,
            entitas anak;                                               a subsidiary;
       iv. Fasilitas KI Tranche 2 Sub-Tranche DILD-                iv. KI Tranche 2 Sub-Tranche DILD-Maybank
            Maybank            maksimal           sebesar               Facilty with a maximum amount of
            Rp 150.000.000.000 yang digunakan untuk                     Rp 150,000,000,000 which is used to repay
            melunasi fasilitas kredit yang telah diberikan              the credit facilities provided by Maybank to
            oleh Maybank kepada Perusahaan;                             the Company;
        v. Fasilitas KI Tranche 2 Sub-Tranche GP-BNI                v. KI Tranche 2 Sub-Tranche GP-BNI Facilty
            maksimal sebesar Rp 350.000.000.000 yang                    with     a        maximum       amount      of
            digunakan untuk melunasi fasilitas kredit                   Rp 350,000,000,000 which is used to repay
            yang telah diberikan oleh BNI kepada GP,                    the credit facilities provided by BNI to GP,
            entitas anak;                                               a subsidiary;
       vi. Fasilitas KI Tranche 2 Sub-Tranche THI-                 vi. KI Tranche 2 Sub-Tranche THI-Victoria
            Victoria          maksimal            sebesar               Facilty with a maximum amount of
            Rp 50.000.000.000 yang digunakan untuk                      Rp 50,000,000,000 which is used to repay
            melunasi fasilitas kredit yang telah diberikan              the credit facilities provided by Victoria to
            oleh Victoria kepada THI, entitas anak;                     THI, a subsidiary;




                                                        - 94 -
Page 407
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


      vii. Fasilitas KI Tranche 2 Sub-Tranche IAP-                 vii. KI Tranche 2 Sub-Tranche IAP-Victoria
            Victoria          maksimal            sebesar                Facilty with a maximum amount of
            Rp 19.000.000.000 yang digunakan untuk                       Rp 19,000,000,000 which is used to repay
            melunasi fasilitas kredit yang telah diberikan               the credit facilities provided by Victoria to
            oleh Victoria kepada IAP, entitas anak; dan                  IAP, a subsidiary; and
      viii. Fasilitas KI Tranche 2 Sub-Tranche DILD-               viii. KI Tranche 2 Sub-Tranche DILD-CIMB
            CIMB maksimal sebesar Rp 50.000.000.000                      Facilty with a maximum amount of
            yang digunakan untuk melunasi fasilitas                      Rp 50,000,000,000 which is used to repay
            kredit yang telah diberikan oleh CIMB kepada                 the credit facilities provided by CIMB to the
            Perusahaan.                                                  Company.

    3. Fasilitas KI Tranche 3 maksimal sebesar                   3. KI Tranche 3 Facility with a maximum amount
       Rp 519.463.916.417, yang terdiri dari:                       of Rp 519,463,916,417, which consists of:

        i. Fasilitas KI Tranche 3 Sub-Tranche Praxis                 i. KI Tranche 3 Sub-Tranche Praxis Facilty
           maksimal sebesar Rp 338.634.000.000 yang                     with      a      maximum        amount    of
           digunakan untuk melunasi fasilitas kredit                    Rp 338,634,000,000 which is used to repay
           yang telah diberikan oleh BNI dan                            the credit facilities provided by BNI and to
           menyelesaikan konstruksi proyek Praxis; dan                  complete the construction of the Praxis
                                                                        project; and
       ii. Fasilitas KI Tranche 3 Sub-Tranche Spazio                ii. KI Tranche 3 Sub-Tranche Spazio Facilty
           maksimal sebesar Rp 180.829.916.417 yang                     with      a      maximum        amount    of
           digunakan untuk melunasi fasilitas kredit                    Rp 180,829,916,417 which is used to repay
           yang telah diberikan oleh BCA dan                            the credit facilities provided by BCA and to
           menyelesaikan konstruksi proyek Spazio                       complete the construction of the Spazio
           Tower.                                                       Tower project.

    4. Fasilitas KI Tranche 4 maksimal sebesar                   4. KI Tranche 4 Facility with a maximum amount
       Rp 428.000.000.000 yang digunakan untuk                      of Rp 428,000,000,000 which is used to repay
       melunasi Obligasi II Intiland Development                    the Series A – 2016 Intiland Development Bond
       Seri A – 2016 yang jatuh tempo pada tanggal                  II due on June 29, 2019.
       29 Juni 2019.

   Jangka waktu seluruh fasilitas kredit investasi               The period of the entire investment credit facilty is
   tersebut adalah 8 tahun dengan suku bunga JIBOR               8 years with an interest rate of JIBOR plus a
   ditambah marjin.                                              margin.

   Pada tanggal 24 Juli 2020, Perusahaan mendapat                On July 24, 2020, the Company’s loans have been
   restrukturisasi pinjaman sebagai berikut:                     restructured as follows:

    a. perpanjangan tanggal jatuh tempo dari                     a. maturity date extension from December 21,
       21 Desember 2026 menjadi 21 Desember 2027.                   2026 to December 21, 2027.
    b. penundaan      pembayaran     angsuran    dari            b. deferred principal payment from June 2020 until
       Juni 2020 sampai Maret 2021.                                 March 2021.
    c. suku bunga sejak tanggal 26 Maret 2020 sampai             c. interest rate since March 26, 2020 until
       30 Juni 2020 adalah 9,7% per tahun dimana                    June 30, 2020 is 9.7% per annum where the
       bunga yang dibayarkan adalah 6% per tahun dan                interest payment rate is 6% per annum and
       bunga yang ditangguhkan sebesar 3,7% per                     deferred interest rate of 3.7% per annum will be
       tahun dicicil 24 bulan dari bulan April 2021                 paid in 24 months installment from April 2021
       sampai Maret 2023.                                           until March 2023.
    d. suku bunga sejak tanggal 24 Juli 2020 sampai              d. interest rate since July 24, 2020 until
       25 Maret 2021 adalah 9% per tahun dimana                     March 25, 2021 is 9% per annum where the
       bunga yang dibayar oleh Perusahaan adalah                    interest payment rate is 5.25% per annum and
       5,25% per tahun dan bunga yang ditangguhkan                  deferred interest rate of 3.75% per annum will
       sebesar 3,75% per tahun dicicil 24 bulan dari                be paid in 24 months installment from April 2021
       bulan April 2021 sampai Maret 2023.                          until March 2023.




                                                        - 95 -
Page 408
PT INTILAND DEVELOPMENT Tbk                                                    PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2025 dan 2024                                                           December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                            (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                              Otherwise Stated)


    Pada 2021, Perusahaan telah menandatangani                    In 2021, the Company has signed several
    beberapa addendum perjanjian dengan beberapa                  addendum agreements with several points as
    poin sebagai berikut:                                         follows:

    a. penundaan pembayaran angsuran dari Maret                   a. deferred principal payment from March 2021
       2021 sampai September 2021.                                   until September 2021.
    b. suku bunga sejak tanggal 26 Maret 2021 sampai              b. interest rate since March 26, 2021 until
       27 Desember 2021 adalah 9% per tahun dimana                   December 27, 2021 is 9% per annum where the
       bunga yang dibayar oleh Perusahaan adalah                     interest payment rate is 5.25% per annum and
       5,25% per tahun dan bunga ditangguhkan                        deferred interest rate of 3.75% per annum.
       sebesar 3,75% per tahun.
    c. suku bunga sejak tanggal 28 Desember 2021                  c. interest rate since December 28, 2021 until
       sampai 25 Maret 2022 adalah 9% per tahun                      March 25, 2022 is 9% per annum where the
       dimana bunga yang dibayar oleh Perusahaan                     interest payment rate is 4% per annum and
       adalah 4% per tahun dan bunga ditangguhkan                    deferred interest rate of 5% per annum.
       sebesar 5% per tahun.
    d. Perusahaan diwajibkan untuk mempertahankan                 d. The Company is required to maintain the
       rasio keuangan sebagai berikut:                               following financial ratios:
         - current ratio minimal 1 (satu) kali;                      -     current ratio of at least 1 (one) time;
         - debt equity ratio maksimal 2,7 kali;                      -     debt equity ratio at a maximum of 2.7
                                                                           times;
         -   net operating cashflow/principal minimal                -     net operating cashflow/principal of at least
             100%;                                                         100%;
         -   loan to value maksimal 70%; dan                         -     loan to value ratio at a maximum of 70%;
                                                                           and
         -   interest coverage ratio minimal 1,5 kali.               -     interest coverage ratio of at least 1.5
                                                                           times.
    e. jaminan menjadi sebagai berikut:                           e. the collaterals as follows:
        1) Tanah dan bangunan Intiland Tower                         1) Land and buildings of Intiland Tower
            Surabaya seluas 4.745 m2, milik                                Surabaya with an area of 4,745 square
            Perusahaan yang terletak di Surabaya                           meters, owned by the Company located in
            (Catatan 15);                                                  Surabaya (Note 15);
        2) Tanah dan bangunan Intiland Tower                         2) Land and buildings of Intiland Tower
            Jakarta seluas 8.394 m2, milik Perusahaan                      Jakarta with an area of 8,394 square
            yang terletak di Jakarta (Catatan 15);                         meters, owned by the Company located in
                                                                           Jakarta (Note 15);
        3)   Tanah seluas 43.196 m2 milik IG, entitas                3) Land with an area of 43,196 square
             anak, yang terletak di Surabaya (Catatan 8                    meters owned by IG, a subsidiary, located
             dan 13);                                                      in Surabaya (Notes 8 and 13);
        4)   Tanah seluas 11.098 m2 milik Gandaria                   4) Land with an area of 11,098 square
             Prima, entitas anak, yang terletak di                         meters owned by Gandaria Prima, a
             Jakarta (Catatan 8);                                          subsidiary, located in Jakarta (Note 8);
        5)   Tanah seluas 1.800 m2 milik IG, entitas                 5) Land with an area of 1,800 square meters
             anak,    yang    terletak   di Surabaya                       owned by IG, a subsidiary, located in
             (Catatan 8);                                                  Surabaya (Note 8);
        6)   Tanah seluas 8.619 m2 milik SCG, entitas                6) Land with an area of 8,619 square meters
             anak,    yang    terletak   di Surabaya                       owned by SCG, a subsidiary, located in
             (Catatan 13);                                                 Surabaya (Note 13);
        7)   Tanah seluas 26.036 m2 milik GFV, entitas               7) Land with an area of 26,036 square
             anak,    yang    terletak   di Surabaya                       meters owned by GFV, a subsidiary,
             (Catatan 8);                                                  located in Surabaya (Note 8);
        8)   Tanah dan bangunan apartemen 1Park                      8) Land and apartment buildings 1Park
             Avenue dan 1Park Hamilton dengan total                        Avenue and 1Park Hamilton with total area
             luas 11.993 m2 milik Gandaria Prima,                          of 11,993 square meters owned by
             entitas anak, yang terletak di Jakarta                        Gandaria Prima, a subsidiary, located in
             (Catatan 8);                                                  Jakarta (Note 8);




                                                         - 96 -
Page 409
PT INTILAND DEVELOPMENT Tbk                                                 PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2025 dan 2024                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                         (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                           Otherwise Stated)


        9)  Tanah dan bangunan proyek Praxis                      9)    Land and buildings of Praxis project with
            dengan total luas 10.704 m2 milik PSG,                      total area of 10,704 square meters owned
            entitas anak, yang terletak di Surabaya                     by PSG, a subsidiary, located in Surabaya
            (Catatan 8);                                                (Note 8);
        10) Tanah dan bangunan proyek Spazio Tower                10)   Land and buildings of Spazio Tower
            seluas 4.676 m2 milik IG, entitas anak, yang                project with total area of 4,676 square
            terletak di Surabaya (Catatan 15);                          meters owned by IG, a subsidiary, located
                                                                        in Surabaya (Note 15);
        11) Tanah seluas 17.422 m2 milik Vida, entitas            11)   Land with an area of 17,422 square
            anak,    yang     terletak   di   Jakarta                   meters owned by Vida, a subsidiary,
            (Catatan 13);                                               located in Jakarta (Note 13);
        12) Tanah seluas 2.275 m2 milik THI, entitas              12)   Land with an area of 2,275 square meters
            anak,    yang     terletak   di   Jakarta                   owned by THI, a subsidiary, located in
            (Catatan 13);                                               Jakarta (Note 13);
        13) Jaminan perusahaan dari GP, IG, PSG,                  13)   Corporate guarantee from GP, IG, PSG,
            dan THI; dan                                                and THI; and
        14) Seluruh pendapatan dari Perusahaan, GP,               14)   All revenues of the Company, GP, IG,
            IG, PSG, THI, IS, KII, dan SPP.                             PSG, THI, IS, KII, and SPP.

   Tidak terdapat kewajiban yang harus dipenuhi                There are no obligations that must be fulfilled by the
   Perusahaan sehubungan dengan adanya jaminan                 Company in connection with the corporate
   perusahaan tersebut di atas.                                guarantees mentioned above.

   Pada tanggal 25 Maret 2022, Perusahaan telah                On March 25, 2022, the Company has signed
   menandatangani beberapa addendum perjanjian                 several addendum agreements with several points
   dengan beberapa poin sebagai berikut:                       as follows:

    a. suku bunga sejak tanggal 28 Desember 2021               a. interest rate since December 28, 2021 until
       sampai 27 Desember 2022 adalah 9% per tahun                December 27, 2022 is 9% per annum where the
       dimana bunga yang dibayar oleh Perusahaan                  interest payment rate is 4% per annum and
       adalah 4% per tahun dan bunga ditangguhkan                 deferred interest rate of 5% per annum.
       sebesar 5% per tahun.

    b. penundaan    pembayaran      angsuran        dari       b. deferred principal payment from September
       September 2021 sampai April 2022.                          2021 until April 2022.

   Pada tanggal 24 Juli 2023, Perusahaan telah                 On July 24, 2023, the Company has signed several
   menandatangani beberapa addendum perjanjian                 addendum agreements with several points as
   dengan beberapa poin sebagai berikut:                       follows:

    a. perpanjangan tanggal jatuh tempo dari                   a. maturity date extension from December 21,
       21 Desember 2027 menjadi 21 Desember 2028.                 2027 to December 21, 2028.

    b. suku bunga sejak tanggal 28 Desember 2022               b. interest rate since December 28, 2022 until
       sampai 27 Desember 2023 adalah 9% per tahun                December 27, 2023 is 9% per annum where the
       dimana bunga yang dibayar oleh Perusahaan                  interest payment rate is 4.5% per annum and
       adalah 4,5% per tahun dan bunga yang                       deferred interest rate of 4.5% per annum will be
       ditangguhkan sebesar 4,5% per tahun dicicil 12             paid in 12 months installment from January 25,
       bulan dari 25 Januari 2024 sampai                          2024 until December 28, 2025.
       28 Desember 2025.

    Pada tanggal 28 Juni 2024, Perusahaan telah                On June 28, 2024, the Company has signed
    menandatangani beberapa addendum perjanjian                several addendum agreements with several points
    dengan beberapa poin sebagai berikut:                      as follows:

    a. perpanjangan tanggal jatuh tempo dari                   a. maturity date extension from December 21,
       21 Desember 2028 menjadi 10 Desember 2031.                 2028 to December 10, 2031.




                                                      - 97 -
Page 410
PT INTILAND DEVELOPMENT Tbk                                                PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2025 dan 2024                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                        (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                          Otherwise Stated)


    b. suku bunga sejak tanggal 1 Januari 2024 sampai         b. interest rate since January 1, 2024 until
       31 Desember 2027 adalah 7,5% per tahun                    December 31, 2027 is 7.5% per annum where
       dimana bunga yang dibayar oleh Perusahaan                 the interest payment rate is 4.0% per annum
       adalah 4,0% per tahun dan bunga yang                      and deferred interest rate of 3.5% per annum
       ditangguhkan sebesar 3,5% per tahun dicicil pro-          will be paid in pro-rate installment from
       rata   dari   10    Januari    2028     sampai            January 10, 2028 until December 10, 2031.
       10 Desember 2031.

    Pada tanggal 8 Desember 2025, Perusahaan telah            On December 8, 2025, the Company has signed
    menandatangani beberapa addendum perjanjian               several addendum agreements with several points
    dengan beberapa poin sebagai berikut:                     as follows:

    a. perpanjangan tanggal jatuh tempo            dari       a. maturity date extension from December 10,
       10 Desember 2031 menjadi 30 Juni 2035.                    2031 to June 30, 2035.

    b. suku bunga efektif sejak tanggal 8 Desember            b. The effective interest rate from December 8,
       2025 sampai 31 Desember 2030 adalah 5,0%                  2025 to December 31, 2030 is 5.0% per year, in
       per tahun dimana bunga yang dibayar oleh                  which the interest paid by the Company is 2.0%
       Perusahaan adalah 2,0% per tahun dan bunga                per year and the deferred interest is 3.0% per
       yang ditangguhkan sebesar 3,0% per tahun.                 year. Effective interest payments are charged
       Pembayaran bunga efektif dibebankan setiap                every 3 months.
       3 bulan.

    c. suku bunga efektif sejak tanggal 1 Januari 2031        c. The effective interest rate from January 1, 2031
       sampai 30 Juni 2035 adalah 5,0% per tahun                 to June 30, 2035 is 5.0% per year, in which the
       dimana bunga yang dibayar oleh Perusahaan                 interest paid by the Company is 3.0% per year
       adalah 3,0% per tahun dan bunga yang                      and the deferred interest is 2.0% per year.
       ditangguhkan sebesar 2,0% per tahun.                      Effective interest payments are charged every
       Pembayaran bunga efektif dibebankan setiap                3 months.
       3 bulan.

    Perusahaan diwajibkan untuk menjaga rasio                 In relation to this credit facility, the Company is
    keuangan tertentu. Pada tanggal 31 Desember 2025          required to maintain certain financial ratios. As of
    dan 2024, Perusahaan telah memenuhi kewajiban             December 31, 2025 and 2024, the Company has
    rasio keuangan yang ada.                                  complied with the required financial ratios.

    Grup telah memenuhi pembatasan dari seluruh               The Group has complied with the covenants of all
    fasilitas pinjaman pada tanggal 31 Desember 2025          loan facilities as of December 31, 2025 and 2024.
    dan 2024.

    Keuntungan yang timbul atas restrukturisasi utang         The gain arising from the restructuring of the
    bank sindikasi milik Perusahaan tahun 2025 dan            Company’s syndicated bank loan in 2025 and 2024
    2024 masing-masing sebesar Rp 457.644.819.534             amounting    to   Rp     457,644,819,534         and
    dan Rp 328.161.741.895 disajikan sebagai                  Rp 328,161,741,895 is presented as “Gain on
    “Keuntungan atas penghapusan liabilitas keuangan”         extinguishment of financial liabilities” in profit or
    pada laba rugi.                                           loss.

    Jumlah pembayaran pokok pinjaman masing-                  Total payments of loan principal amounted to
    masing sebesar Rp 564.323.551.821 dan                     Rp 564,323,551,821 and Rp 589,582,777,211 in
    Rp 589.582.777.211 untuk tahun 2025 dan 2024.             2025 and 2024, respectively. Total proceeds of
    Jumlah penerimaan pinjaman masing-masing                  loan amounted to Rp 318,545,279,341 and
    sebesar      Rp       318.545.279.341       dan           Rp 392,462,220,733 in 2025 and 2024,
    Rp 392.462.220.733 untuk tahun 2025 dan 2024.             respectively.




                                                     - 98 -
Page 411
PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


    Beban bunga utang bank jangka pendek (termasuk                The interest expense (including capitalized
    beban bunga yang dikapitalisasi) pada tahun 2025              interest) on short-term bank loans amounted to
    dan 2024 masing-masing adalah sebesar                         Rp 100,863,009,856 and Rp 130,676,894,757 in
    Rp 100.863.009.856 dan Rp 130.676.894.757,                    2025 and 2024, respectively, while long-term bank
    sementara untuk utang bank jangka panjang                     loans amounted to Rp 292,489,636,212 and
    masing-masing adalah sebesar Rp 292.489.636.212               Rp 221,779,456,106 in 2025 and 2024,
    dan Rp 221.779.456.106 pada tahun 2025 dan                    respectively.
    2024.

    Pada tahun 2025 dan 2024, beban bunga masing-                 In 2025 and 2024, interest expense capitalized to
    masing    sebesar    Rp  65.401.986.799    dan                land    under   development      amounted      to
    Rp 52.838.311.162 dikapitalisasi ke persediaan                Rp 65,401,986,799 and Rp 52,838,311,162,
    tanah yang sedang dikembangkan.                               respectively.


20. Utang Sukuk Ijarah                                         20. Sukuk Ijarah Payable

    Perincian utang sukuk ijarah adalah sebagai berikut:          The following are the details of sukuk ijarah
                                                                  payable:

                                               2025                2024

   Jangka panjang                                                                  Long-term
     Nilai nominal                                                                   Nominal value
        Sukuk Ijarah Berkelanjutan I                                                    Continuing Sukuk Ijarah I
            Tahap II Tahun 2022                            -    250.000.000.000            Phase II Year 2022
            Tahap III Tahun 2022 Seri B                    -    125.000.000.000            Phase III Year 2022 Series B
     Biaya penerbitan sukuk                                -     (2.443.792.547)     Sukuk issuance cost

      Jumlah                                               -    372.556.207.453      Net



    Sukuk   Ijarah   Berkelanjutan         I    Intiland          Continuing Sukuk Ijarah I Intiland Development
    Development Tahap III Tahun 2022                              Phase III Year 2022

    Pada tanggal 2 Desember 2022, Perusahaan                      On December 2, 2022, the Company issued the
    menerbitkan Sukuk Ijarah Berkelanjutan I Intiland             Continuing Sukuk Ijarah I Intiland Development
    Development Tahap III Tahun 2022 yang terdiri dari            Phase III Year 2022 consisting of Sukuk Ijarah
    Sukuk Ijarah Seri A sebesar Rp 125.000.000.000                Series A totaling to Rp 125,000,000,000 with an
    dengan       cicilan  imbalan     ijarah    sebesar           installment of ijarah fee of Rp 12,875,000,000 per
    Rp 12.875.000.000 per tahun atau ekuivalen sebesar            year or the equivalent of 10.30% per annum,
    10,30% per tahun, dibayarkan setiap triwulan dan              payable quarterly and will mature on December 2,
    akan        jatuh    tempo       pada        tanggal          2024 and Sukuk Ijarah Series B totaling to
    2 Desember 2024 dan Sukuk Ijarah Seri B sebesar               Rp 125,000,000,000 with an installment of ijarah
    Rp 125.000.000.000 dengan cicilan imbalan ijarah              fee of Rp 13,250,000,000 per year or the
    sebesar Rp 13.250.000.000 per tahun atau ekuivalen            equivalent of 10.60% per annum, payable quarterly
    sebesar 10,60% per tahun, dibayarkan setiap                   and will mature on December 2, 2025. This sukuk
    triwulan dan akan jatuh tempo pada tanggal                    ijarah is secured with three parcels of land owned
    2 Desember 2025. Sukuk ijarah ini dijamin dengan              by PT Grande Family View, a subsidiary (Notes 13
    tiga bidang tanah milik PT Grande Family View,                and 15) located in Surabaya. This Sukuk was sold
    entitas anak (Catatan 13 dan 15) yang berlokasi di            at its nominal value and are listed at the Indonesia
    Surabaya. Sukuk ijarah dijual pada nilai nominal dan          Stock Exchange, with PT Bank Mega Tbk as
    tercatat di Bursa Efek Indonesia, dengan PT Bank              trustee. The proceeds were used for loan
    Mega Tbk sebagai wali amanat. Dana sukuk ijarah ini           repayment of the Company and its subsidiaries
    digunakan untuk pembayaran utang Perusahaan dan               and working capital.
    entitas anak dan modal kerja.




                                                      - 99 -
Page 412
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


    Pada tanggal 2 Desember 2024, Perusahaan telah               On December 2, 2024, the Company had
    melunasi Sukuk Ijarah Berkelanjutan I Intiland               redeemed the Continuing Sukuk Ijarah I Intiland
    Development Tahap III Tahun 2022 Seri A yang terbit          Development Phase III Year 2022 Series A that
    di tahun 2022 sebesar Rp 125 milyar.                         were issued in 2022 amounting to Rp 125 billion.

    Pada tanggal 2 Desember 2025, Perusahaan telah               On December 2, 2025, the Company had
    melunasi Sukuk Ijarah Berkelanjutan I Intiland               redeemed Continuous Sukuk Ijarah I Intiland
    Development Tahap III Tahun 2022 Seri B sebesar              Development Phase III Year 2022 Series B
    Rp 125 miliar.                                               amounting to Rp 125 billion.

    Sukuk   Ijarah   Berkelanjutan          I   Intiland         Continuing Sukuk Ijarah I Intiland Development
    Development Tahap II Tahun 2022                              Phase II Year 2022

    Pada tanggal 25 Agustus 2022, Perusahaan                     On August 25, 2022, the Company issued the
    menerbitkan Sukuk Ijarah Berkelanjutan I Intiland            Continuing Sukuk Ijarah I Intiland Development
    Development Tahap II Tahun 2022 dengan sisa                  Phase II Year 2022 with nominal value of
    imbalan ijarah sebesar Rp 250.000.000.000 dengan             Rp 250,000,000,000 with an installment of ijarah
    cicilan imbalan ijarah sebesar Rp 26.250.000.000 per         fee of Rp 26,250,000,000 per year or the
    tahun atau ekuivalen sebesar 10,50% per tahun,               equivalent of 10.50% per annum, payable quarterly
    dibayarkan setiap triwulan dan akan jatuh tempo              and will mature on August 25, 2025. This sukuk
    pada tanggal 25 Agustus 2025. Sukuk ijarah ini               ijarah is secured with a parcel of land owned by
    dijamin dengan sebidang tanah milik PT Grande                PT Grande Family View, a subsidiary (Note 15)
    Family View, entitas anak (Catatan 15) yang                  located in Surabaya. This Sukuk was sold at its
    berlokasi di Surabaya. Sukuk ijarah dijual pada nilai        nominal value and are listed at the Indonesia Stock
    nominal dan tercatat di Bursa Efek Indonesia,                Exchange, with PT Bank Mega Tbk as trustee. The
    dengan PT Bank Mega Tbk sebagai wali amanat.                 proceeds were used for loan repayment of the
    Dana sukuk ijarah ini digunakan untuk pembayaran             remaining Sukuk Ijarah Phase I .
    kembali sisa Sukuk Ijarah Tahap I.

    Pada tanggal 25 Agustus 2025, Perusahaan telah               On August 25, 2025, the Company had redeemed
    melunasi Sukuk Ijarah Berkelanjutan I Intiland               the Continuing Sukuk Ijarah I Intiland Development
    Development Tahap II Tahun 2022 sebesar                      Phase II Year 2022 amounting to Rp 250 billion.
    Rp 250 milyar.

    Terkait Sukuk, Perusahaan diharuskan memenuhi                Related to Sukuk, the Company shall maintain
    rasio keuangan sebagai berikut:                              financial ratios as follows:

    - Interest coverage ratio atas dasar laporan                 - Interest coverage ratio from annual consolidated
      keuangan tahunan konsolidasian tidak kurang dari             financial statement at the minimum of 1.5 : 1;
      1,5 : 1;

    - Interest bearing debt to equity ratio atas dasar           - Interest bearing debt to equity ratio from
      laporan keuangan tahunan konsolidasian tidak                 annual consolidated financial statement at the
      lebih dari 2 : 1.                                            maximum of 2 : 1.

    Pada tanggal 31 Desember 2024, Perusahaan telah              As of December 31, 2024, the Company has
    memenuhi kewajiban rasio keuangan yang ada.                  complied with the required financial ratios.

    Berdasarkan     peringkat       yang      dibuat oleh        Based on the rating issued by PT Kredit Rating
    PT Kredit Rating Indonesia tanggal 17 April 2025,            Indonesia on April 17, 2025, the Sukuk are rated
    peringkat Sukuk ini adalah “ ir A” (Single A).               “ ir A” (Single A).

    Beban bunga utang sukuk ijarah pada tahun 2025               The interest expense on sukuk ijarah payable
    dan   2024 masing-masing       adalah sebesar                amounted      to  Rp   29,645,833,333   and
    Rp 29.645.833.333 dan Rp 51.302.083.333.                     Rp 51,302,083,333 and in 2025 and 2024,
                                                                 respectively.




                                                       - 100 -
Page 413
PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


21. Utang Usaha kepada Pihak Ketiga                            21. Trade Accounts Payable to Third Parties

                                             2025                 2024

   Kontraktor                              40.406.951.314        43.545.922.015   Contractors
   Pemasok                                 15.123.235.248        18.334.108.244   Suppliers
   Lain-lain                               26.139.848.248        22.471.103.133   Others

   Jumlah                                  81.670.034.810        84.351.133.392   Total


    Utang usaha kepada pihak ketiga timbul dari                    Trade accounts payable to third parties arise from
    transaksi pembelian barang maupun jasa yang                    transactions for the purchase of goods and
    berhubungan dengan pengembangan real estat dan                 services related to the Group’s real estate
    operasional Grup.                                              development and operations.

    Rincian umur utang usaha dihitung sejak tanggal                The aging analysis of trade accounts payable from
    faktur adalah sebagai berikut:                                 the date of invoice follows:

                                            2025                  2024

   Belum jatuh tempo                      24.038.993.659        15.386.349.258    Not yet due
   Jatuh tempo:                                                                   Past due:
     Kurang dari 30 hari                  11.511.758.671        14.150.629.789      Under 30 days
     31 - 60 hari                          3.453.994.387        11.720.883.742      31 - 60 days
     61 - 90 hari                          3.884.844.885         3.607.601.888      61 - 90 days
     91 - 120 hari                         1.615.517.358         5.192.353.504      91 - 120 days
     Lebih dari 120 hari                  37.164.925.850        34.293.315.211      More than 120 days

   Jumlah                                 81.670.034.810        84.351.133.392    Total



22. Pinjaman dari Pihak Ketiga                                 22. Loans from Third Parties

    Rincian pinjaman dari pihak ketiga adalah sebagai              The details of loans from third parties follows:
    berikut:

                                             2025                  2024

   Jangka pendek                                                                   Short-term
      PT Proline Finance Indonesia        125.000.000.000                     -       PT Proline Finance Indonesia
      PT Mustika Semesta                   25.087.905.474        25.150.405.474       PT Mustika Semesta
      PT Tejaalam Multisari                 1.459.550.794                     -       PT Tejaalam Multisari
      Tjahjono Tjandra                                  -         1.666.666.666       Tjahjono Tjandra

      Jumlah jangka pendek                151.547.456.268        26.817.072.140           Total Short-term

   Jangka panjang                                                                  Long-term
      PT Muji Karya Utama                  26.750.000.000        13.500.000.000       PT Muji Karya Utama
      Tjenharto Kohar                      23.380.000.000        23.380.000.000       Tjenharto Kohar
      PT Starlight Nusa Property            6.066.344.780                     -       PT Starlight Nusa Property
      PT Galang Gema Pradana                    7.705.683             7.705.683       PT Galang Gema Pradana
      PT Global Ekabuana                                -        25.500.000.000       PT Global Ekabuana
      Jumlah jangka panjang                56.204.050.463        62.387.705.683           Total Long-term

   Jumlah                                 207.751.506.731        89.204.777.823    Total




                                                     - 101 -
Page 414
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


    PT Proline Finance Indonesia (PFI)                           PT Proline Finance Indonesia (PFI)

    Pada tanggal 15 Agustus 2025, IG, entitas anak,              On August 15, 2025, IG, a subsidiary, obtained a
    menerima pinjaman dari PFI, pihak ketiga, untuk              loan from PFI, third party, for working capital
    pembiayaan modal kerja sebesar Rp 65 milyar                  amounting to Rp 65 billion with 9 months loan term
    dengan jangka waktu pinjaman 9 bulan dan bunga               and interest 13% per year.
    13% per tahun.

    Pada tanggal 15 Agustus 2025, Segajung, entitas              On August 15, 2025, Segajung, a subsidiary,
    anak, menerima pinjaman dari PFI, pihak ketiga,              obtained a loan from PFI, third party, for working
    untuk    pembiayaan    modal     kerja sebesar               capital amounting to Rp 60 billion with 9 months
    Rp 60 milyar dengan jangka waktu pinjaman                    loan term and interest 13% per year.
    9 bulan dan bunga 13% per tahun.

    PT Mustika Semesta (MS)                                      PT Mustika Semesta (MS)

    Utang kepada MS, pihak ketiga, merupakan utang               Payable to MS, a third party, represents
    PT Selasih Safar (SS), entitas anak, sehubungan              PT Selasih Safar’s (SS), a subsidiary, unpaid
    dengan pembiayaan modal kerja entitas anak                   balance of loan from MS for working capital of SS.
    tersebut. Utang ini tidak dikenakan bunga serta tidak        This payable is non-interest bearing and has no
    ditentukan jangka waktu pengembaliannya.                     definite repayment schedule.

    PT Tejaalam Multisari (TM)                                   PT Tejaalam Multisari (TM)

    Utang kepada TM, pihak ketiga, merupakan utang               Payable to TM, a third party, represents PT Melati
    PT Melati Anugerah Semesta (MAS), entitas anak,              Anugerah Semesta’s (MAS), a subsidiary, unpaid
    sehubungan dengan pembiayaan operasional                     balance which mainly advanced payments of
    entitas anak tersebut. Utang ini tidak dikenakan             expenses made by TM on behalf of MAS. This
    bunga serta tidak ditentukan jangka waktu                    payable is non-interest bearing and has no definite
    pengembaliannya.                                             repayment schedule.

    Tjahjono Tjandra                                             Tjahjono Tjandra

    Pada tanggal 17 Januari 2022, PLP, entitas anak,             On January 17, 2022, PLP, a subsidiary, obtained
    menerima pinjaman dari Tjahjono Tjandra, pihak               a loan from Tjahjono Tjandra, third party,
    ketiga,   sehubungan      dengan    modal      kerja         representing working capital for the development of
    pengembangan Pergudangan Aeropolis sebesar                   Warehouse        Aeropolis        amounting      to
    Rp 20.000.000.000 dengan bunga 13,5% per tahun.              Rp 20,000,000,000 with interest at 13.5% per
    Pinjaman ini jatuh tempo pada tanggal 1 Maret 2025.          annum. This payable mature on March 1, 2025.

    Pinjaman ini dijamin dengan tanah dan bangunan               This loan is secured with land and building owned
    milik PLP yang terletak di Tangerang, Banten.                by PLP located in Tangerang, Banten.

    Pinjaman ini telah dilunasi seluruhnya pada tanggal          This loan was fully paid on March 11, 2025.
    11 Maret 2025.




                                                       - 102 -
Page 415
PT INTILAND DEVELOPMENT Tbk                                                 PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2025 dan 2024                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                         (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                           Otherwise Stated)


    PT Muji Karya Utama (MKU)                                  PT Muji Karya Utama (MKU)

    Pada tanggal 19 Desember 2024, IG, entitas anak,           On December 19, 2024, IG, a subsidiary, obtained
    menerima pinjaman dari MKU, pihak ketiga,                  a loan from MKU, third party, representing working
    sehubungan dengan modal persiapan dan                      capital for the preparation and operational costs of
    pengoperasian Hotel Whiz Luxe Spazio sebesar               Whiz Luxe Spazio Hotel amounting to
    Rp 13.500.000.000 dengan pembayaran bunga                  Rp 13,500,000,000 with the interest payment by
    berupa revenue share 12,27% dari pendapatan                revenue share 12.27% of monthly income of Whiz
    Hotel Whiz Luxe Spazio per bulan. Pinjaman ini akan        Luxe Spazio Hotel. This payable will mature on
    jatuh tempo pada tanggal 18 Desember 2034.                 December 18, 2034.

    Pada tanggal 19 Desember 2024, PSG, entitas                On December 19, 2024, PSG, a subsidiary,
    anak, menerima pinjaman dari MKU, pihak ketiga,            obtained a loan from MKU, third party, representing
    sehubungan dengan modal persiapan dan                      working capital for the preparation and operational
    pengoperasian Hotel Grand Whiz Praxis sebesar              costs of Grand Whiz Praxis Hotel amounting to
    Rp 40.000.000.000 dengan pembayaran bunga                  Rp 40,000,000,000 with the interest payment by
    berupa revenue share 35% dari pendapatan Hotel             revenue share 35% of monthly income of Grand
    Grand Whiz Praxis per bulan. Pinjaman ini akan             Whiz Praxis Hotel. This payable will mature on
    jatuh tempo pada tanggal 18 Desember 2034.                 December 18, 2034.

    Tjenharto Kohar                                            Tjenharto Kohar

    Utang kepada Tjenharto Kohar, pihak ketiga,                Payable to Tjenharto Kohar, a third party,
    merupakan utang PT Inti Gria Persada, entitas anak,        represents payable of PT Inti Gria Persada,
    sehubungan dengan pembelian tanah yang                     a subsidiary, in connection with the purchase of
    berlokasi di Kebon Melati, Jakarta, dan akan jatuh         land located in Kebon Melati, Jakarta, and
    tempo antara 2019 sampai 2021 namun telah                  will be due between 2019 to 2021 but has been
    diperpanjang beberapa kali, terakhir sampai dengan         extended several times, and the latest extension is
    tanggal 14 September 2026.                                 until September 14, 2026.

    Utang ini tidak dikenakan bunga dan dijamin dengan         This payable is non-interest bearing and secured
    jaminan tanah di Kebon Melati dan atau bangunan            by land and building located in Kebon Melati
    yang berdiri di atasnya (Catatan 13).                      (Note 13).

    PT Starlight Nusa Property (SNP)                           PT Starlight Nusa Property (SNP)

    Utang kepada SNP, pihak ketiga, merupakan utang            Payable to SNP, a third party, represents the
    sehubungan dengan kerjasama pada BKIS. Piutang             payable in relation to the cooperation in BKIS. This
    ini tidak dikenakan bunga serta tidak ditentukan           payable is non-interest bearing and has no definite
    jangka waktu pengembaliannya.                              repayment schedule.

    PT Galang Gema Pradana (GGP)                               PT Galang Gema Pradana (GGP)

    Utang kepada GGP, pihak ketiga, merupakan utang            Payable to GGP, a third party, represents
    PT Inti Gria Persada (Persada), entitas anak,              PT Inti Gria Persada’s (Persada), a subsidiary,
    sehubungan dengan pembiayaan operasional                   unpaid balance on advance payments of expenses
    entitas anak tersebut. Utang ini tidak dikenakan           made by GGP on behalf of Persada. This payable
    bunga serta tidak ditentukan jangka waktu                  is non-interest bearing and has no definite
    pengembaliannya.                                           repayment schedule.




                                                     - 103 -
Page 416
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


     PT Global Ekabuana (GE)                                         PT Global Ekabuana (GE)

     Berdasarkan Akta No. 18 tanggal 20 Maret 2023,                  Based on Deed No. 18 dated March 20, 2023,
     utang kepada GE, pihak ketiga, merupakan utang                  payable to GE, a third party, represents payable
     Badan Kerjasama Mutiara Buana (BKMB), entitas                   from Badan Kerjasama Mutiara Buana (BKMB), a
     anak, sehubungan dengan pembayaran kewajiban                    subsidiary, in connection with the bank loan
     utang bank entitas anak tersebut kepada PT Bank                 repayment to PT Bank Pan Indonesia Tbk. This
     Pan Indonesia Tbk. Utang ini dijamin dengan                     payable is secured with 550,000 shares in
     550.000 lembar saham di PT Cipta Area Pesona                    PT Cipta Area Pesona which belongs to
     milik PT Henutama Kokoh Abadi, pihak berelasi.                  PT Henutama Kokoh Abadi, a related party. This
     Pinjaman ini dikenakan bunga sebesar suku bunga                 payable bears interest at the bank loan rate and will
     pinjaman bank dan akan jatuh tempo pada tanggal                 mature on March 20, 2026.
     20 Maret 2026.

     Pinjaman ini telah dilunasi seluruhnya pada tanggal             This loan was fully paid on July 31, 2025.
     31 Juli 2025.

     Beban bunga pinjaman dari pihak ketiga (termasuk                The interest expense (including capitalized
     beban bunga yang dikapitalisasi ke tanah yang                   interest to land under development) on loans from
     sedang dikembangkan) pada tahun 2025 dan 2024                   third parties amounted to Rp 13,915,270,467 and
     masing-masing adalah sebesar Rp 13.915.270.467                  Rp 9,995,028,421 in 2025 and 2024, respectively
     dan Rp 9.995.028.421 (Catatan 8).                               (Note 8).

     Pada tahun 2025 dan 2024, beban bunga masing-                   In 2025 and 2024, interest expense capitalized to
     masing     sebesar      Rp      28.125.000      dan             land    under    development     amounted      to
     Rp 1.522.500.000 dikapitalisasi ke persediaan tanah             Rp    28,125,000    and     Rp    1,522,500,000,
     yang sedang dikembangkan.                                       respectively.


23. Utang Lain-lain                                               23. Other Accounts Payable

    Rincian utang lain-lain kepada pihak ketiga adalah                The details of other accounts payable to third
    sebagai berikut:                                                  parties follows:

                                                2025                  2024

    Jangka pendek                                                                    Short-term
       Dividen                                34.371.038.957         3.871.038.957      Dividend
       Lain-lain                              12.179.229.100        19.922.885.445      Others
       Jumlah jangka pendek                   46.550.268.057        23.793.924.402      Total short-term

    Jangka panjang                                                                   Long-term
       Bunga utang bank (Catatan 19)         490.061.367.956       325.749.268.023      Interest on bank loans (Note 19)

    Jumlah                                   536.611.636.013       349.543.192.425   Total




                                                        - 104 -
Page 417
PT INTILAND DEVELOPMENT Tbk                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                  Otherwise Stated)


24. Utang Pajak                                                    24. Taxes Payable

                                                  2025                  2024

   Pajak penghasilan final                       5.885.437.506         5.652.963.813    Final income tax
   Pajak penghasilan:                                                                   Income taxes:
      Pasal 21                                   4.159.672.962         1.561.204.906        Article 21
      Pasal 22                                     187.500.000                     -        Article 22
      Pasal 23                                     535.404.861           804.433.172        Article 23
      Pasal 25                                     348.649.270                     -        Article 25
      Pasal 26                                   1.169.000.000                     -       Article 26
      Pasal 4 (2)                                  347.794.457           781.668.962       Article 4 (2)
      Pasal 29 (Catatan 41)                      1.113.249.928         4.190.182.153       Article 29 (Note 41)
   Pajak pertambahan nilai                      21.651.524.284        13.863.148.612    Value added tax
   Pajak pembangunan I                           1.196.021.702         1.003.296.021    Development tax I

   Jumlah                                        36.594.254.970        27.856.897.639   Total


   Besarnya      pajak    yang     terutang    ditetapkan             The filed tax returns are based on the Group’s own
   berdasarkan perhitungan pajak yang dilakukan                       calculation of tax liabilities (self-assessment).
   sendiri oleh wajib pajak (self-assessment).


25. Beban Akrual                                                   25. Accrued Expenses

                                                  2025                  2024

   Proyek                                       352.974.242.901       350.452.190.056   Project
   Bunga                                        129.164.874.316        48.062.095.197   Interest
   Air dan listrik                               30.423.293.593        34.362.005.503   Water and electrical
   Perijinan                                     14.468.812.450        14.448.812.450   Permit
   Jasa profesional                               2.495.900.000         2.463.740.000   Professional fee
   Kantor                                         2.219.621.721            25.043.299   Office
   Asuransi                                         922.386.987           737.909.590   Insurance
   Pajak                                            619.555.317           433.897.457   Taxes
   Lain-lain                                     77.838.060.162        72.651.015.958   Others

   Jumlah                                       611.126.747.447       523.636.709.510   Total



26. Pendapatan Diterima Dimuka                                     26. Unearned Revenues

   Akun ini terutama merupakan uang muka dari                         This account mainly represents advances from
   pelanggan atas sewa kantor.                                        customers for office rental.

                                                  2025                  2024

   Disajikan dalam laporan posisi keuangan                                              Presented in the consolidated statements of
      konsolidasian sebagai:                                                               financial position under:
      Liabilitas jangka pendek                  113.242.275.391        95.721.743.978      Current liabilities
      Liabilitas jangka panjang                  11.198.976.696        13.062.822.804      Noncurrent liabilities

   Jumlah                                       124.441.252.087       108.784.566.782   Total




                                                         - 105 -
Page 418
PT INTILAND DEVELOPMENT Tbk                                                                PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                     AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2025 dan 2024                                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                        (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                          Otherwise Stated)


27. Liabilitas Kontrak                                                   27. Contract Liabilities

    Liabilitas kontrak merupakan uang muka penjualan                         Contract liabilities represent advances received
    persediaan real estat yang diterima dari pelanggan                       from buyers for the sale of real estate inventories
    yang kewajiban pelaksanaanya belum terpenuhi.                            wherein the performance obligation have not been
                                                                             satisfied.

    Mutasi dari liabilitas kontrak adalah sebagai berikut:                   The movement of contract liabilities is as follows:

                                                         2025                        2024

    Saldo awal                                      1.257.911.412.018        1.587.257.329.265        Beginning balance
    Pendapatan yang diakui selama tahun berjalan   (1.514.710.463.354)      (1.669.531.653.307)       Revenue recognized during the year
    Kenaikan yang disebabkan oleh penerimaan kas    1.460.471.746.300        1.242.346.572.211        Increase due to cash received
    Beban bunga atas liabilitas kontrak                76.820.455.476           97.839.163.849        Interest expense on contract liabilities

    Saldo akhir                                    1.280.493.150.440         1.257.911.412.018        Ending balance

    Kewajiban pelaksanaan belum dipenuhi yang tersisa                        The remaining unsatisfied performance obligation
    akan dipenuhi antara tahun 2026 dan 2027.                                will be satisfied between 2026 and 2027.

    Beban bunga atas liabilitas kontrak disajikan pada                       Interest expense on contract liabilities was
    akun “Komponen pendanaan atas liabilitas kontrak”                        recorded as “Financing component of contract
    pada laba rugi.                                                          liabilities” in profit or loss.

    Rincian liabilitas kontrak berdasarkan persentase                        Details of contract liabilities based on the
    terhadap harga jual adalah sebagai berikut:                              percentage of sales price is as follows:

                                                       2025                   2024

    100%                                            614.737.891.306        769.067.139.339    100%
    50% - 99%                                       500.484.772.905        379.579.966.920    50% - 99%
    20% - 49%                                       102.257.403.641         68.579.087.498    20% - 49%
    <20%                                             63.013.082.588         40.685.218.261    <20%

    Jumlah                                         1.280.493.150.440      1.257.911.412.018   Total


    Disajikan dalam laporan posisi keuangan                                                   Presented in the consolidated statements of
       konsolidasian sebagai:                                                                    financial position under:
       Liabilitas jangka pendek                    1.133.881.049.692      1.162.804.337.024      Current liabilities
       Liabilitas jangka panjang                     146.612.100.748         95.107.074.994      Noncurrent liabilities

    Jumlah                                         1.280.493.150.440      1.257.911.412.018   Total



28. Utang Pembiayaan Konsumen                                            28. Consumer Finance Payables

    Grup memiliki perjanjian pembiayaan konsumen                             The Group has entered into consumer finance
    untuk pengadaan kendaraan (Catatan 16).                                  agreements for the procurement of vehicles
                                                                             (Note 16).




                                                              - 106 -
Page 419
PT INTILAND DEVELOPMENT Tbk                                                                 PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
31 Desember 2025 dan 2024                                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                         (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                           Otherwise Stated)


   Pada tanggal 31 Desember 2025 dan 2024, rincian                          As of December 31, 2025 and 2024, the details of
   pembayaran utang pembiayaan konsumen adalah                              consumer finance payables follows:
   sebagai berikut:

                                                      2025                       2024

   a. Berdasarkan Jatuh Tempo                                                                    a. By Due Date

      Pembayaran yang jatuh tempo pada tahun:                                                        Payments due in:
         2025                                                    -               183.235.480             2025
         2026                                          408.278.000                78.801.480             2026
         2027                                          158.732.400                39.400.740             2027
         2028                                           65.435.980                         -             2028
      Jumlah pembayaran minimum sewa                   632.446.380               301.437.700         Total minimum lease payments
      Bunga                                            (26.851.732)              (20.009.231)        Interest

                                                                                                     Present value of minimum lease
      Nilai kini pembayaran minimum sewa               605.594.648               281.428.469            payments
      Bagian yang akan jatuh tempo
          dalam satu tahun                            (389.350.391)              (168.242.894)       Current portion

      Bagian utang pembiayaan konsumen                                                               Long-term portion of consumer
         yang akan jatuh tempo dalam                                                                    finance payables - net of
         waktu lebih dari satu tahun                   216.244.257               113.185.575            current portion

   b. Berdasarkan Lessor                                                                         b. By Lessor

      PT BCA Finance                                   632.446.380               197.003.700         PT BCA Finance
      PT Mitsui Leasing Capital Indonesia                        -               104.434.000         PT Mitsui Leasing Capital Indonesia

      Jumlah                                           632.446.380               301.437.700         Total



   Utang ini berjangka waktu 3 - 4 tahun, dengan suku                       These obligations have terms of 3 - 4 years, with
   bunga efektif per tahun 5,09% - 12,68% pada tahun                        effective interest per annum 5.09% - 12.68% in
   2025 dan 2024. Semua utang adalah dalam mata                             2025 and 2024. All consumer finance payables are
   uang Rupiah dan dibayar pada jumlah tetap setiap                         denominated in Rupiah and payable at fixed
   bulan. Utang ini dijamin dengan aset yang dibeli                         amount on a monthly basis. These obligations are
   menggunakan       dana    dari   pinjaman    terkait                     secured by the assets purchased using the
   (Catatan 16).                                                            proceeds from the related loan (Note 16).

   Beban bunga utang pembiayaan konsumen adalah                             Interest expense on consumer finance payables
   masing-masing sebesar Rp 23.288.472 dan                                  amounted to Rp 23,288,472 and Rp 24,501,839 in
   Rp 24.501.839 pada tahun 2025 dan 2024                                   2025 and 2024, respectively (Note 40).
   (Catatan 40).


29. Uang Jaminan                                                       29. Guarantee Deposits

   Akun ini merupakan jaminan sewa gedung kantor dan                        This account represents office rental deposits and
   jaminan atas pembangunan rumah.                                          deposits for house constructions.

                                                   2025                   2024

   Disajikan dalam laporan posisi keuangan                                                   Presented in the consolidated statements of
      konsolidasian sebagai:                                                                    financial position under:
      Liabilitas jangka pendek                   72.477.329.007         94.102.630.111          Current liabilities
      Liabilitas jangka panjang                 213.148.830.645        214.072.102.203          Noncurrent liabilities

   Jumlah                                       285.626.159.652        308.174.732.314       Total




                                                             - 107 -
Page 420
PT INTILAND DEVELOPMENT Tbk                                                                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                           For the Years Ended
31 Desember 2025 dan 2024                                                                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                            Otherwise Stated)


30. Pengukuran Nilai Wajar                                                                           30. Fair Value Measurement

   Tabel berikut menyajikan pengukuran nilai wajar aset                                                      The following table provides the fair value
   dan liabilitas tertentu Grup:                                                                             measurement of the Group’s certain assets and
                                                                                                             liabilities:

                                                                             31 Desember 2025/December 31, 2025
                                                                                             Pengukuran nilai wajar menggunakan:/
                                                                                                Fair value measurement using:
                                                                                                                                 Input signifikan
                                                                                                                                    yang tidak
                                                                                                        Input signifikan               dapat
                                                                            Harga kuotasian               yang dapat              diobservasi
                                                                           dalam pasar aktif/            di observasi                (Level 3)/
                                                                                (Level 1)/                 (Level 2)/               Significant
                                                                             Quoted prices                Significant            unobservable
                                                       Nilai Tercatat/    in active markets           observable inputs               inputs
                                                      Carrying Values           (Level 1)                  (Level 2)                 (Level 3)


   Aset yang diukur pada nilai wajar:                                                                                                                   Assets measured at fair value:
    Aset keuangan yang diukur pada nilai wajar
       melalui penghasilan komprehensif lain                                                                                                                Financial assets at FVOCI
       Investasi dalam saham                           102.421.571.139                          -                          -     102.421.571.139            Investments in shares


   Aset yang nilai wajarnya disajikan:                                                                                                                  Asset for which fair value are disclosed:
     Properti investasi yang dicatat pada biaya
       perolehan                                      1.555.077.767.753                         -                          -    5.273.768.546.084         Investment properties carried at cost


   Liabilitas yang nilai wajarnya disajikan                                                                                                             Liabilities for which fair values are disclosed:
     Pinjaman dan utang dengan bunga                                                                                                                      Interest-bearing loans and borrowings:
       Utang bank (bagian jangka pendek dan                                                                                                                 Bank loans (including current
         bagian jangka panjang)                       2.314.208.673.587                         -      2.314.208.673.587                            -         and noncurrent portion)



                                                                             31 Desember 2024/December 31, 2024
                                                                                             Pengukuran nilai wajar menggunakan:/
                                                                                                Fair value measurement using:
                                                                                                                                 Input signifikan
                                                                                                                                    yang tidak
                                                                                                        Input signifikan              dapat
                                                                            Harga kuotasian               yang dapat              diobservasi
                                                                           dalam pasar aktif/            di observasi               (Level 3)/
                                                                                (Level 1)/                 (Level 2)/              Significant
                                                                             Quoted prices               Significant             unobservable
                                                       Nilai Tercatat/    in active markets           observable inputs               inputs
                                                      Carrying Values           (Level 1)                  (Level 2)                 (Level 3)


   Aset yang diukur pada nilai wajar:                                                                                                                   Assets measured at fair value:
    Aset keuangan yang diukur pada nilai wajar
       melalui penghasilan komprehensif lain                                                                                                                Financial assets at FVOCI
       Investasi dalam saham                           102.421.571.139                          -                          -     102.421.571.139            Investments in shares


   Aset yang nilai wajarnya disajikan:                                                                                                                  Asset for which fair value are disclosed:
     Properti investasi yang dicatat pada biaya
       perolehan                                      1.638.491.113.505                         -                          -    4.439.026.375.000         Investment properties carried at cost


   Liabilitas yang nilai wajarnya disajikan                                                                                                             Liabilities for which fair values are disclosed:
     Pinjaman dan utang dengan bunga                                                                                                                      Interest-bearing loans and borrowings:
       Utang bank (bagian jangka pendek dan                                                                                                                 Bank loans (including current
         bagian jangka panjang)                       2.690.630.688.452                         -      2.690.630.688.452                            -         and noncurrent portion)
       Utang sukuk ijarah (bagian jangka pendek dan                                                                                                         Sukuk ijarah payable (including current
         bagian jangka panjang)                        372.556.207.453       351.679.627.201                               -                        -         and noncurrent portion)




                                                                                   - 108 -
Page 421
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


    Nilai     wajar     instrumen    keuangan     yang              The fair value of financial instruments traded in
    diperdagangkan di pasar aktif adalah berdasarkan                active markets is based on quoted market prices at
    kuotasi harga pasar pada tanggal pelaporan. Pasar               the reporting date. A market is regarded as active
    dianggap aktif apabila kuotasi harga tersedia                   if quoted prices are readily and regularly available
    sewaktu-waktu dan dapat diperoleh secara rutin dari             from an exchange, dealer, or broker, industry
    bursa, pedagang efek, perantara efek, kelompok                  group pricing service, or regulatory agency, and
    industri atau badan penyedia jasa penentuan harga,              those prices represent actual and regularly
    atau badan pengatur, dan harga tersebut                         occurring market transaction on an arm’s lengths
    mencerminkan transaksi pasar yang aktual dan rutin              basis. The quoted market price used for financial
    dalam suatu transaksi yang wajar. Kuotasi harga                 assets held by the Group is the current bid price.
    pasar yang digunakan untuk aset keuangan yang                   These instruments are included in Level 1.
    dimiliki oleh Grup adalah harga penawaran
    (bid price) terkini. Instrumen keuangan seperti ini
    termasuk dalam hirarki Level 1.

    Nilai wajar instrumen keuangan yang tidak                       The fair value of financial instruments that are not
    diperdagangkan       di    pasar     aktif  ditentukan          traded in an active market is determined by using
    menggunakan teknik penilaian. Teknik penilaian ini              valuation techniques. These valuation techniques
    memaksimalkan penggunaan data pasar yang dapat                  maximize the use of observable market data where
    diobservasi yang tersedia dan sesedikit mungkin                 it is available and rely as little as possible on
    mengandalkan estimasi spesifik yang dibuat oleh                 entity’s specific estimates. If all significant inputs
    entitas. Jika seluruh input signifikan yang dibutuhkan          required to fair value an instrument are observable,
    untuk menentukan nilai wajar dapat diobservasi,                 the instrument is included in Level 2.
    maka instrumen tersebut termasuk dalam hirarki
    Level 2.

    Teknik penilaian spesifik yang digunakan untuk                  Specific valuation techniques used to value asset
    menentukan nilai wajar aset dan liabilitas pada                 and liabilities at Level 2 are discounted cash flow
    Level 2 adalah analisa arus kas diskonto dan                    analysis and market–comparable approach.
    pendekatan pasar pembanding.

    Jika satu atau lebih input signifikan tidak diambil dari        If one or more of the significant inputs is not based
    data pasar yang dapat diobservasi, maka instrumen               on observable market data, the instrument is
    tersebut termasuk dalam hirarki Level 3.                        included in Level 3.

    Informasi tentang pengukuran nilai wajar yang                   The information about fair value measurements
    menggunakan input signifikan yang tidak dapat                   using significant unobservable inputs are as
    diobservasi adalah sebagai berikut:                             follows:

                                               Teknik penilaian/
                Keterangan/                       Valuation           Input yang tidak dapat diobservasi/
                Description                      Technique                    Unobservable Input

   Properti investasi/                        Pendekatan pasar      Estimasi harga jual per meter persegi
    Investment properties                       pembanding/         Estimated selling price per square meters
                                              Market-comparable
                                                  approach

                                               Pendekatan biaya     Estimasi biaya penggantian setelah
                                                  pengganti/        dikurangi depresiasi/
                                               Replacement cost     Estimated replacement cost net of
                                                  approach          depreciation




                                                          - 109 -
Page 422
PT INTILAND DEVELOPMENT Tbk                                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
31 Desember 2025 dan 2024                                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                            Otherwise Stated)


31. Kepentingan Nonpengendali                                              31. Non-controlling Interest

   Kepentingan nonpengendali atas aset bersih dan                              Details of non-controlling interest in net assets and
   penghasilan (rugi) komprehensif entitas anak sebagai                        comprehensive income (loss) of subsidiaries
   berikut:                                                                    follows:

                                                          2025                  2024

   a. Kepentingan nonpengendali atas aset bersih                                               a. Non-controlling interests in net assets
         entitas anak                                                                                of the subsidiaries
         PT Putra Sinar Permaja (PSP)                 857.765.655.111       836.633.309.050          PT Putra Sinar Permaja (PSP)
         PT Raharja Mitra Familia (RMF)               151.053.330.390       188.795.475.690          PT Raharja Mitra Familia (RMF)
         PT Melati Anugerah Semesta (MAS)              62.457.086.370        64.350.558.670          PT Melati Anugerah Semesta (MAS)
         Badan Kerjasama Intiland Starlight (BKIS)      5.763.461.100         3.061.716.439          Badan Kerjasama Intiland Starlight (BKIS)
         PT Selasih Safar (SS)                         24.754.734.143        36.451.038.912          PT Selasih Safar (SS)
         PT Grande Family View (GFV)                    6.845.449.621         8.598.538.072          PT Grande Family View (GFV)
         PT Inti Gria Persada (IG Persada)             34.120.632.074        34.417.683.749          PT Inti Gria Persada (IG Persada)

      Jumlah                                         1.142.760.348.809     1.172.308.320.582      Total

   b. Kepentingan nonpengendali atas penghasilan                                               b. Non-controlling interests in comprehensive
         (rugi) komprehensif entitas anak                                                            income (loss) of the subsidiaries
         PT Putra Sinar Permaja (PSP)                  45.632.346.061        68.504.917.972          PT Putra Sinar Permaja (PSP)
         PT Raharja Mitra Familia (RMF)                   281.491.063         7.770.944.035          PT Raharja Mitra Familia (RMF)
         PT Melati Anugerah Semesta (MAS)              (1.893.472.300)       (1.665.683.453)         PT Melati Anugerah Semesta (MAS)
         Badan Kerjasama Intiland Starlight (BKIS)      2.701.744.661           299.454.670          Badan Kerjasama Intiland Starlight (BKIS)
         PT Selasih Safar (SS)                         (2.649.929.769)        5.021.935.592          PT Selasih Safar (SS)
         PT Grande Family View (GFV)                   71.380.244.882         9.554.719.901          PT Grande Family View (GFV)
         PT Inti Gria Persada (IG Persada)               (297.051.675)          (31.388.749)         PT Inti Gria Persada (IG Persada)

      Jumlah                                          115.155.372.923        89.454.899.968       Total



   PSP                                                                         PSP

   Pada tahun 2025 dan 2024, PSP memperoleh                                    In 2025 and 2024, PSP obtained approval from
   persetujuan dari pemegang saham untuk mengurangi                            stockholders to reduce its issued and paid-up
   modal ditempatkan dan disetor. Bagian kepemilikan                           capital. The non-controlling interest in relation to
   nonpengendali atas penurunan modal ini adalah                               this transaction amounted to Rp 24,500,000,000
   masing-masing sebesar Rp 24.500.000.000 dan                                 and Rp 63,716,000,000, respectively.
   Rp 63.716.000.000.

   RMF                                                                         RMF

   Bagian kepentingan nonpengendali atas pembagian                             The portion of dividends distributed by RMF to non-
   dividen RMF sebesar Rp 38.023.636.363 dan                                   controlling       interest       amounted        to
   Rp 8.627.945.582 masing-masing pada tahun 2025                              Rp 38,023,636,363 and Rp 8,627,945,582 in 2025
   dan 2024.                                                                   and 2024, respectively.

   Pada tahun 2024, RMF memperoleh persetujuan dari                            In 2024, RMF obtained approval from stockholders
   pemegang saham untuk mengurangi modal                                       to reduce its issued and paid-up capital. The non-
   ditempatkan dan disetor. Bagian kepemilikan                                 controlling interest in relation to this transaction
   nonpengendali atas penurunan modal ini adalah                               amounted to Rp 67,417,000,000.
   sebesar Rp 67.417.000.000.




                                                                 - 110 -
Page 423
PT INTILAND DEVELOPMENT Tbk                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                        Otherwise Stated)


   MAS                                                      MAS

   Berdasarkan Akta No. 32 tanggal 30 September             Based on Notarial Deed No. 32 dated
   2024, dari Laurens Gunawan S.H., M.Kn., notaris di       September 30, 2024 of Laurens Gunawan, S.H.,
   Jakarta, MAS memperoleh persetujuan dari                 M.Kn., a public notary in Jakarta, MAS obtained the
   pemegang saham untuk meningkatkan modal                  approval from stockholders for the increase in
   ditempatkan dan disetor. Bagian kepemilikan              issued and paid-up capital. The non-controlling
   nonpengendali atas kenaikan modal ini adalah             interest in relation to this transaction amounted to
   sebesar Rp 3.953.700.000.                                Rp 3,953,700,000.

   Berdasarkan Akta No. 435 tanggal 28 November             Based on Notarial Deed No. 435 dated
   2024, dari Jimmy Tanal S.H., M.Kn., notaris di           November 28, 2024 of Jimmy Tanal, S.H., M.Kn.,
   Jakarta, MAS memperoleh persetujuan dari                 a notary in Jakarta, MAS obtained the approval
   pemegang saham untuk penjualan sebagian saham            from stockholders for selling part of Company’s
   sebanyak 3.600 saham milik Perusahaan kepada             share totaling to 3,600 shares to PT Sucor
   PT Sucor Investama, pihak ketiga.                        Investama, third party.

   BKIS                                                     BKIS

   Bagian kepentingan nonpengendali atas pembagian          The portion of dividends distributed by BKIS to
   dividen BKIS sebesar Rp 4.469.913.530 pada tahun         non-controlling    interest     amounted     to
   2024.                                                    Rp 4,469,913,530 in 2024.

   SS                                                       SS

   Bagian kepentingan nonpengendali atas pembagian          The portion of dividends distributed by SS to
   dividen     SS       masing-masing       sebesar         non-controlling   interest     amounted    to
   Rp 9.046.375.000 dan Rp 6.507.500.000 pada tahun         Rp 9,046,375,000 and Rp 6,507,500,000 in 2025
   2025 dan 2024.                                           and 2024.

   GFV                                                      GFV

   Bagian kepentingan nonpengendali atas pembagian          The portion of dividends distributed by GFV to
   dividen GFV sebesar Rp 73.133.333.333 dan                non-controlling    interest     amounted    to
   Rp 13.750.000.000 masing-masing pada tahun 2025          Rp 73,133,333,333 and Rp 13,750,000,000 in
   dan 2024.                                                2025 and 2024, respectively.




                                                  - 111 -
Page 424
PT INTILAND DEVELOPMENT Tbk                                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                For the Years Ended
31 Desember 2025 dan 2024                                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                 Otherwise Stated)


32. Modal Saham                                                                  32. Capital Stock

   Susunan pemegang saham sesuai dengan registrasi                                  The share ownership in the Company based on
   dari PT Kustodian Sentral Efek Indonesia dan Biro                                PT Kustodian Sentral Efek Indonesia and Share
   Administrasi    Efek      Perusahaan      tanggal                                Registration Bureau (Biro Administrasi Efek
   31 Desember 2025 sebagai berikut:                                                Perusahaan) as of December 31, 2025 follows:

                                                       31 Desember 2025/December 31, 2025
                                                Jumlah           Persentase          Jumlah Modal
                                                Saham/            Pemilikan/            Disetor/
                                               Number of         Percentage          Total Paid-up
             Nama Pemegang Saham                Shares          of Ownership            Capital                         Name of Stockholder
                                                                     %

   CIMB Securities (Singapore) Pte. Ltd.        1.556.900.100            15,02         389.225.025.000    CIMB Securities (Singapore) Pte. Ltd.
   PT CGS-CIMB Sekuritas Indonesia              1.505.252.463            14,52         376.313.115.750    PT CGS-CIMB Sekuritas Indonesia
   PT Bina Yatra Sentosa                        1.168.804.675            11,28         292.201.168.750    PT Bina Yatra Sentosa
   Bali Private Villa (S) Pte. Ltd.               775.911.150             7,49         193.977.787.500    Bali Private Villa (S) Pte. Ltd.
   Drs. Lo Kheng Hong                             695.069.100             6,71         173.767.275.000    Drs. Lo Kheng Hong
   PT Graha Intan Mandiri - pihak berelasi        261.390.699             2,52          65.347.674.750    PT Graha Intan Mandiri - related party
   Utama Gondokusumo - Wakil Direktur Utama       153.778.684             1,48          38.444.671.000    Utama Gondokusumo - Vice President Director
   Sinarto Dharmawan - Wakil Komisaris Utama       65.907.430             0,64          16.476.857.500    Sinarto Dharmawan - Vice President Commissioner
   Hendro S. Gondokusumo                               50.000             0,00              12.500.000    Hendro S. Gondokusumo
   Masyarakat lainnya (dibawah 5%)              4.182.789.884            40,34       1.045.697.471.000    Public - others (below 5%)

   Jumlah                                      10.365.854.185           100,00       2.591.463.546.250    Total



   Susunan pemegang saham sesuai dengan registrasi                                  The share ownership in the Company based on
   dari PT Kustodian Sentral Efek Indonesia dan                                     PT Kustodian Sentral Efek Indonesia and
   Biro Administrasi Efek Perusahaan tanggal                                        Share Registration Bureau (Biro Administrasi Efek
   31 Desember 2024 sebagai berikut:                                                Perusahaan) as of December 31, 2024 follows:

                                                        31 Desember 2024/December 31, 2024
                                                 Jumlah           Persentase          Jumlah Modal
                                                 Saham/            Pemilikan/            Disetor/
                                                Number of         Percentage          Total Paid-up
             Nama Pemegang Saham                 Shares          of Ownership            Capital                          Name of Stockholder
                                                                      %

   CIMB Securities (Singapore) Pte. Ltd.        1.561.949.900            15,07         390.487.475.000     CIMB Securities (Singapore) Pte. Ltd.
   PT CGS-CIMB Sekuritas Indonesia              1.500.000.163            14,47         375.000.040.750     PT CGS-CIMB Sekuritas Indonesia
   PT Bina Yatra Sentosa                        1.172.738.675            11,31         293.184.668.750     PT Bina Yatra Sentosa
   Bali Private Villa (S) Pte. Ltd.               775.911.150             7,49         193.977.787.500     Bali Private Villa (S) Pte. Ltd.
   Drs. Lo Kheng Hong                             686.416.700             6,62         171.604.175.000     Drs. Lo Kheng Hong
   Jahja Asikin - Komisaris                       219.683.834             2,12          54.920.958.500     Jahja Asikin - Commissioner
   Ping Handayani Hanli - Komisaris               219.683.834             2,12          54.920.958.500     Ping Handayani Hanli - Commissioner
   Suhendro Prabowo - Wakil Direktur Utama        219.683.834             2,12          54.920.958.500     Suhendro Prabowo - Vice President Director
   Utama Gondokusumo - Wakil Direktur Utama       153.778.684             1,48          38.444.671.000     Utama Gondokusumo - Vice President Director
   Sinarto Dharmawan - Komisaris Utama             65.907.430             0,64          16.476.857.500     Sinarto Dharmawan - President Commissioner
   PT Graha Intan Mandiri - pihak berelasi          1.390.699             0,01             347.674.750     PT Graha Intan Mandiri - related party
   Hendro S. Gondokusumo - Direktur Utama              50.000             0,00              12.500.000     Hendro S. Gondokusumo - President Director
   Masyarakat lainnya (dibawah 5%)              3.788.659.282            36,55         947.164.820.500     Public - others (below 5%)

   Jumlah                                      10.365.854.185           100,00        2.591.463.546.250    Total




                                                                   - 112 -
Page 425
PT INTILAND DEVELOPMENT Tbk                                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                  Otherwise Stated)


   Manajemen Permodalan                                                           Capital Management

   Tujuan utama dari pengelolaan modal Grup adalah                                    The primary objective of the Group’s capital
   untuk memastikan bahwa Grup mempertahankan                                         management is to ensure that it maintains healthy
   rasio modal yang sehat dalam rangka mendukung                                      capital ratios in order to support its business and
   bisnis dan memaksimalkan nilai pemegang saham.                                     maximize shareholder value. The Group is not
   Grup tidak diwajibkan untuk memenuhi syarat-syarat                                 required to meet any capital requirements.
   modal tertentu.

   Grup mengelola struktur modal dan membuat                                          The Group manages its capital structure and
   penyesuaian terhadap struktur modal sehubungan                                     makes adjustments to it, in light of changes in
   dengan perubahan kondisi ekonomi. Grup memantau                                    economic conditions. The Group monitors its
   modalnya dengan menggunakan analisa gearing                                        capital using gearing ratios, by dividing net debt by
   ratio (rasio utang terhadap modal), yakni membagi                                  total capital.
   utang bersih terhadap jumlah modal.

   Rasio utang bersih terhadap ekuitas pada tanggal                                   Ratio of net debt to equity                        as   of
   31 Desember 2025 dan 2024 sebagai berikut:                                         December 31, 2025 and 2024 follows:

                                                          2025                    2024

   Jumlah utang                                     3.233.097.038.602        4.149.691.039.116         Total borrowings
   Dikurangi: Kas dan setara kas                      944.374.405.854          752.320.105.532         Less: cash and cash equivalents

   Utang bersih                                     2.288.722.632.748        3.397.370.933.584         Net debt
   Jumlah ekuitas                                   6.786.878.808.118        6.746.912.470.382         Total equity

   Rasio pinjaman dan utang bersih
      terhadap ekuitas                                 33,72%                    50,35%                Gearing ratio



33. Tambahan Modal Disetor                                                   33. Additional Paid-In Capital

   Akun ini merupakan                tambahan     modal     disetor                   This account represents additional paid-in capital
   sehubungan dengan:                                                                 in connection with the following:

                                                                 Jumlah/Amount
   Saldo tambahan modal disetor sebelum                                                  Beginning balance of additional paid-in
      penawaran umum                                                    341.026.711         capital before initial public offering
   Tambahan modal disetor atas:                                                          Additional paid-in capital for:
      Penjualan saham Perusahaan pada
         penawaran umum kepada masyarakat                                                    Sale of 6,000,000 shares through public
         tahun 1989 sebanyak 6.000.000 saham                        33.000.000.000              offering in 1989
      Penawaran umum terbatas kepada
         pemegang saham tahun 1992                                                           Rights offering of 121,418,000 shares to
         sebanyak 121.418.000 saham                                 78.921.700.000              stockholders in 1992
      Penawaran umum terbatas kepada
         pemegang saham tahun 1994                                                           Rights offering of 81,209,000 shares to
         sebanyak 81.209.000 saham                                 121.813.500.000              stockholders in 1994
      Pembagian saham bonus tahun 1997                                                       Distribution in 1997 of 219,264,300
         sebanyak 219.264.300 saham                               (219.264.300.000)             bonus shares

   Saldo tambahan modal disetor                                                          Balance of additional paid-in capital
      per 31 Desember 2009                                          14.811.926.711           as of December 31, 2009
      Penawaran umum dengan HMETD tahun 2010                                                 Rights issue of 2,073,170,722 shares
         sebanyak 2.073.170.722 saham                            1.036.585.361.000              in 2010
      Biaya penerbitan saham                                        (4.601.006.707)          Shares issuance cost

   Saldo tambahan modal disetor per 31 Desember                                          Balance of additional paid-in capital as of
      2010 dan 2011                                              1.046.796.281.004           December 31, 2010 and 2011
      Pelaksanaan waran                                                    158.125           Warrants exercised

   Saldo tambahan modal disetor                                                          Balance of additional paid-in capital
      pada tanggal 31 Desember 2012                              1.046.796.439.129           as of December 31, 2012
      Saham treasuri                                                (7.115.241.020)          Treasury stocks

   Saldo tambahan modal disetor                                                          Balance of additional paid-in capital
      pada tanggal 31 Desember 2013                              1.039.681.198.109           as of December 31, 2013




                                                                  - 113 -
Page 426
PT INTILAND DEVELOPMENT Tbk                                                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                        Otherwise Stated)


                                                                        Jumlah/Amount

    Saldo tambahan modal disetor                                                                Balance of additional paid-in capital
       pada tanggal 31 Desember 2013                                    1.039.681.198.109           as of December 31, 2013
       Transaksi entitas sepengendali                                      26.518.564.248           Under common control transaction

    Saldo tambahan modal disetor                                                                Balance of additional paid-in capital
       pada tanggal 31 Desember 2015 dan 2014                           1.066.199.762.357           as of December 31, 2015 and 2014
       Selisih lebih dari harga penerbitan kembali atas                                             Excess of re-issue price over nominal
          nilai nominal saham treasuri                                    30.120.275.000               value of treasury stocks

    Saldo tambahan modal disetor pada tanggal                                                   Balance of additional paid-in capital as of
       31 Desember 2025 dan 2024                                        1.096.320.037.357           December 31, 2025 and 2024



34. Saldo Laba Ditentukan Penggunaannya                                             34. Appropriated Retained Earnings

    Berdasarkan Undang-undang Perseroan Terbatas                                            Under the Indonesian Limited Company Law
    (Undang-undang), perusahaan diwajibkan untuk                                            (Law), companies are required to set up a statutory
    membentuk cadangan sekurang-kurangnya 20% dari                                          reserve amounting to at least 20% of the
    jumlah modal ditempatkan dan disetor.                                                   Company’s issued and paid up capital.

    Saldo laba ditentukan penggunaannya pada tanggal                                        The balance of appropriated retained earnings as
    31 Desember 2025 dan 2024 terkait dengan Undang-                                        of December 31, 2025 and 2024 in connection with
    undang tersebut masing-masing adalah sebesar                                            this Law amounted to Rp 24,000,000,000 and
    Rp 24.000.000.000 dan Rp 22.000.000.000.                                                Rp 22,000,000,000, respectively.


35. Pendapatan                                                                      35. Revenues

    Rincian pendapatan sebagai berikut:                                                     The details of revenues follows:


                                                              2025                      2024

   Penjualan                                                                                               Sales
      Perumahan                                            781.997.979.055          659.423.207.391           Houses and land
      Kawasan industri                                     510.368.716.178          638.348.933.731           Industrial estate
      High rise                                            222.343.768.121          371.759.512.185           High rise

      Subjumlah                                           1.514.710.463.354        1.669.531.653.307           Subtotal

   Pendapatan usaha                                                                                        Operating revenues
      Fasilitas                                            533.468.690.932          477.449.634.963           Facilities
      Perkantoran                                          253.489.443.359          259.273.061.900           Offices
      Kawasan industri                                     113.181.798.254          105.888.028.606            Industrial estate
      Hotel                                                 46.136.776.733           39.452.110.941            Hotel
      Lain-lain                                              1.403.005.000            1.690.800.000            Others

      Subjumlah                                            947.679.714.278          883.753.636.410            Subtotal

   Jumlah                                                 2.462.390.177.632        2.553.285.289.717       Total



                                                               2025                     2024

   Pendapatan dari kontrak dengan pelanggan               1.514.710.463.354        1.669.531.653.307        Revenue from contracts with customers
   Pendapatan sewa (Catatan 15)                             259.291.444.227          249.411.421.375        Rental income (Note 15)
   Pendapatan lainnya                                       688.388.270.051          634.342.215.035        Revenue from other sources
   Jumlah                                                 2.462.390.177.632        2.553.285.289.717        Total




                                                                         - 114 -
Page 427
PT INTILAND DEVELOPMENT Tbk                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2025 dan 2024                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                 Otherwise Stated)


   Tidak terdapat pendapatan yang melebihi 10% dari                 There were no revenues in 2025 and 2024 from any
   jumlah pendapatan kepada pelanggan individu                      individual customer representing more than 10% of
   pada tahun 2025 dan 2024.                                        the total revenues.

   Tidak terdapat penjualan dan pendapatan usaha                    There are no sales and operating revenues
   yang diperoleh dari pihak berelasi.                              generated from related parties.


36. Beban Pokok Penjualan dan Beban Langsung                    36. Cost of Sales and Direct Expenses

   Rincian beban pokok penjualan dan beban langsung                 The details of the Group’s cost of sales and direct
   Grup sebagai berikut:                                            expenses follows:

                                              2025                   2024

   Berdasarkan sumber pendapatan:                                                   Based on sources of revenue:
      Penjualan                                                                        Sales
         Perumahan                        328.307.737.678        396.970.325.942          Houses and land
         Kawasan industri                 301.331.572.877        454.501.549.969          Industrial estate
         High rise                        140.158.636.500        226.465.851.520          High rise
      Subjumlah                           769.797.947.055       1.077.937.727.431       Subtotal

      Pendapatan usaha                                                                  Operating revenues
         Fasilitas                        488.513.245.228        450.768.364.817           Facilities
         Perkantoran                      137.990.730.158        143.201.619.755           Offices
         Kawasan industri                  74.761.364.004         68.302.811.089           Industrial estate
         Hotel                             30.727.583.207         27.613.367.498           Hotel
         Lain-lain                            112.138.040            109.395.365           Others
      Subjumlah                           732.105.060.637        689.995.558.524        Subtotal

   Jumlah                                1.501.903.007.692      1.767.933.285.955   Total




   Tidak terdapat pembelian kepada satu pihak yang                  There were no purchases from a certain party
   melebihi 10% dari jumlah penjualan pada tahun 2025               which exceeded 10% of the total revenues in 2025
   dan 2024.                                                        and 2024.


37. Beban Penjualan                                             37. Selling Expenses

                                             2025                   2024

   Promosi dan iklan                       20.609.519.565          29.742.439.845   Promotion and advertising
   Komisi penjualan                        18.473.935.978          29.205.147.909   Sales commission
   Lain-lain                                   80.065.850                       -   Others

   Jumlah                                  39.163.521.393          58.947.587.754   Total




                                                      - 115 -
Page 428
PT INTILAND DEVELOPMENT Tbk                                                           PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                   (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                     Otherwise Stated)


38. Beban Umum dan Administrasi                                      38. General and Administrative Expenses

                                                    2025                    2024

   Gaji dan upah                                 151.033.173.609          164.237.228.554   Salaries and wages
   Pajak dan perijinan                            32.903.188.481           31.695.690.144   Taxes and licenses
   Jasa profesional                               14.436.148.715           12.837.201.850   Professional fees
   Imbalan kerja jangka panjang (Catatan 43)      11.795.035.604           11.275.269.159   Long-term employee benefits (Note 43)
   Transportasi dan perjalanan                     5.928.315.422            6.679.484.308   Transportation and travelling
   Perbaikan dan pemeliharaan                      5.481.172.717            6.614.927.922   Repairs and maintenance
   Listrik, air dan telepon                        4.545.318.274            4.681.971.877   Electricity, water and telephone
   Sumbangan dan representasi                      4.410.265.453            4.993.309.311   Donations and representation
   Penyusutan (Catatan 16)                         3.608.589.200            4.601.717.513   Depreciation (Note 16)
   Keperluan kantor                                2.886.316.566            3.655.670.192   Office supplies
   Keamanan                                        2.426.025.569            4.261.048.043   Security
   Administrasi bank                               1.770.858.438            1.652.514.873   Bank charges
   Sewa dan pemeliharaan                             937.084.602            6.673.327.288   Rentals and maintenancces
   Asuransi                                          538.233.816              828.965.229   Insurance
   Lain-lain                                       6.383.149.319            7.484.896.055   Others

   Jumlah                                        249.082.875.785          272.173.222.318   Total



39. Pendapatan Bunga                                                 39. Interest Income

                                                   2025                     2024

   Pendapatan bunga atas:                                                                   Interest income from:
      Deposito berjangka                           7.559.704.287          11.211.776.144        Time deposits
      Jasa giro                                   13.259.056.234           8.351.666.582        Current accounts

   Jumlah                                         20.818.760.521          19.563.442.726    Total



40. Beban Bunga                                                      40. Interest Expense

                                                    2025                    2024

   Beban bunga atas:                                                                        Interest expense on:
      Utang bank                                  327.950.659.269         299.618.039.701       Bank loans
      Utang sukuk ijarah (Catatan 20)              29.645.833.333          51.302.083.333       Sukuk ijarah payable (Note 20)
      Pinjaman dari pihak ketiga                   13.887.145.467           8.472.528.421       Loans from third parties
      Utang pembiayaan konsumen (Catatan 28)           23.288.472              24.501.839       Consumer finances payable (Note 28)

   Jumlah                                         371.506.926.541         359.417.153.294   Total



41. Pajak Penghasilan                                                41. Income Tax

   Beban (manfaat) pajak Grup terdiri dari:                             The net tax expense (benefit) of the Group consists
                                                                        of the following:

                                                   2025                     2024

   Pajak kini                                     8.154.654.962          10.815.815.418      Current tax
   Pajak tangguhan                             (107.766.763.062)         51.906.543.548      Deferred tax

   Bersih                                       (99.612.108.100)         62.722.358.966      Net




                                                           - 116 -
Page 429
PT INTILAND DEVELOPMENT Tbk                                                           PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2025 dan 2024                                                                  December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                   (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                     Otherwise Stated)


   Pajak Kini                                                           Current Tax

   Rekonsiliasi antara laba sebelum pajak penghasilan                   A reconciliation between profit before tax per
   menurut laporan laba rugi dan penghasilan                            consolidated statements of profit or loss and other
   komprehensif lain konsolidasian dengan laba kena                     comprehensive income and the taxable income
   pajak adalah sebagai berikut:                                        follows:

                                                     2025                  2024
                                                                                            Profit before income tax per
   Laba sebelum pajak penghasilan menurut                                                      consolidated statements of profit
      laporan laba rugi dan penghasilan                                                        or loss and other comprehensive
      komprehensif lain konsolidasian              78.944.995.844       326.574.090.021        income
   Dikurangi laba sebelum pajak entitas anak                                                Less profit before tax of the
      dan eliminasi                                82.158.596.596       103.199.020.395        subsidiaries and eliminations

   Laba (rugi) sebelum pajak Perusahaan             (3.213.600.752)     223.375.069.626     Profit (loss) before tax of the Company
   Penyesuaian untuk pendapatan                                                             Adjustment for income
      yang telah dikenakan pajak final            (27.593.436.804)      (25.635.579.852)       already subjected to final tax

   Laba (rugi) sebelum pajak penghasilan          (30.807.037.556)      197.739.489.774     Profit (loss) before income tax

   Perbedaan temporer:                                                                      Temporary differences:
      Perbedaan penyusutan antara                                                              Difference between fiscal and
         fiskal dan komersial                          (34.073.393)          (2.415.252)           commercial depreciation
      Imbalan kerja jangka panjang - bersih         (1.273.934.082)     (14.500.547.812)       Long-term employee benefits - net
      Jumlah                                        (1.308.007.475)     (14.502.963.064)        Total

   Perbedaan tetap:                                                                         Permanent differences:
      Bagian rugi (laba) bersih entitas anak,                                                  Share of net loss (profit) of subsidiaries,
         asosiasi dan ventura bersama             131.188.243.726      (198.882.796.208)           associates, and joint ventures
      Beban yang tidak dapat dikurangkan           50.702.431.589        35.741.363.746        Nondeductible expenses
      Pendapatan bunga                                (50.033.161)         (290.380.254)       Interest income
      Pendapatan dividen                             (104.000.000)         (100.000.000)       Dividen income
      Keuntungan atas penghapusan                                                              Gain on extinguishment of
         liabilitas keuangan                     (457.644.819.534)     (328.161.741.895)           financial liabilities
      Keuntungan penjualan dan pengembalian                                                    Gain on sale and return of
         investasi                                               -      100.499.200.335            investments
      Jumlah                                     (275.908.177.380)     (391.194.354.276)        Total

   Rugi fiskal Perusahaan                        (308.023.222.411)     (207.957.827.566)    Fiscal loss of the Company

   Kompensasi rugi fiskal tahun lalu                                                        Application of prior years fiscal losses
      2024                                       (207.957.827.566)                    -        2024
      2023                                       (352.601.647.231)     (352.601.647.231)       2023
      2022                                       (368.633.088.167)     (368.633.088.167)       2022
      2021                                       (350.074.153.790)     (350.074.153.790)       2021
      2020                                       (402.814.464.533)     (402.814.464.533)       2020
   Akumulasi rugi fiskal tersedia untuk                                                     Accumulated fiscal losses available
      tahun pajak berikutnya                    (1.990.104.403.698)   (1.682.081.181.287)      for the next tax year




                                                            - 117 -
Page 430
PT INTILAND DEVELOPMENT Tbk                                                                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                  Otherwise Stated)


   Perhitungan beban dan utang pajak kini adalah                                                                   The details of current tax expense and payable
   sebagai berikut:                                                                                                follows:

                                                                                       2025                            2024

   Beban pajak kini                                                                                                                                Current tax expense
      Entitas anak                                                                    8.154.654.962                  10.815.815.418                   Subsidiaries


   Pajak dibayar dimuka Pasal 28a (Catatan 10)                                                                                                     Prepaid taxes Art 28a (Note 10)
      Entitas anak                                                                    1.768.204.676                                       -           Subsidiary

   Utang pajak kini (Catatan 24)                                                                                                                   Current tax payable (Note 24)
      Entitas anak                                                                    1.113.249.928                    4.190.182.153                  Subsidiaries


   Perusahaan mengalami rugi fiskal pada tahun-tahun                                                               The Company has fiscal loss for the years ended
   yang berakhir 31 Desember 2025 dan 2024,                                                                        December 31, 2025 and 2024, thus, no provision
   sehingga tidak terdapat taksiran pajak penghasilan                                                              for current income tax was recognized. According
   kini yang diakui. Rugi fiskal dapat dimanfaatkan                                                                to tax regulations, fiscal loss can be offset against
   melalui kompensasi terhadap laba kena pajak dalam                                                               the taxable income immediately within a period of
   masa lima (5) tahun sejak timbulnya rugi fiskal.                                                                five (5) years after such fiscal loss was incurred.

   Rugi fiskal Perusahaan hasil rekonsiliasi fiskal tahun                                                          The Company’s fiscal losses resulting from the
   2025 dan 2024 menjadi dasar dalam penyusunan                                                                    fiscal reconciliation in 2025 and 2024 are the basis
   SPT Tahunan PPh Badan yang disampaikan kepada                                                                   for preparing the Annual Corporate Income Tax
   otoritas perpajakan.                                                                                            Return submitted to the tax authorities.

   Pajak Tangguhan                                                                                                 Deferred Tax

   Rincian aset (liabilitas) pajak tangguhan Grup adalah                                                           The details of the Group’s deferred tax assets
   sebagai berikut:                                                                                                (liabilities) are as follows:

                                                           Dikreditkan (dibebankan)/                                    Dikreditkan (dibebankan)/
                                                             Credited (charged) to                                        Credited (charged) to
                                                                            Penghasilan                                                   Penghasilan
                                                                         komprehensif lain/   31 Desember                              komprehensif lain/   31 Desember
                                                                               Other              2024/                                      Other              2025/
                                1 Januari 2024/      Laba rugi/            comprehensive      December 31,         Laba rugi/           comprehensive       December 31,
                                January 1, 2024     Profit or loss            income              2024            Profit or loss            income              2025

   Aset pajak tangguhan                                                                                                                                                        Deferred tax assets of
    Perusahaan:                                                                                                                                                                 the Company:
      Rugi fiskal               330.403.515.860    (45.418.259.099)                       -   284.985.256.761     67.765.108.931                        -   352.750.365.692       Fiscal loss
                                                                                                                                                                                  Accumulated depreciation
      Akumulasi penyusutan                                                                                                                                                          of property and
        aset tetap                      491.938           (531.355)                       -           (39.417)        (7.496.146)                       -        (7.535.563)        equipment
      Liabilitas imbalan
        kerja jangka                                                                                                                                                               Long-term employee
        panjang                   5.245.174.518     (3.190.120.519)           115.976.522       2.171.030.521       (280.265.498)          (325.471.438)      1.565.293.585          benefits liability
   Aset pajak tangguhan                                                                                                                                                        Deferred tax assets
    Perusahaan                  335.649.182.316    (48.608.910.973)           115.976.522     287.156.247.865     67.477.347.287           (325.471.438)    354.308.123.714     of the Company

   Aset (liabilitas) pajak                                                                                                                                                     Deferred tax assets (liabilities)
    tangguhan entitas anak       78.533.409.557     (3.297.632.575)          (539.489.954)     74.696.287.028     40.289.415.775         (1.677.510.223)    113.308.192.580     of the subsidiaries

   Jumlah                       414.182.591.873    (51.906.543.548)          (423.513.432)    361.852.534.893    107.766.763.062         (2.002.981.661)    467.616.316.294    Total


   Aset pajak tangguhan         414.372.823.787                                               361.884.884.914                                               476.235.561.391    Deferred tax assets


   Liabilitas pajak tangguhan      (190.231.914)                                                  (32.350.021)                                               (8.619.245.097)   Deferred tax liabilities




                                                                                               - 118 -
Page 431
PT INTILAND DEVELOPMENT Tbk                                                         PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                 (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                   Otherwise Stated)


42. Laba Per Saham Dasar                                           42. Basic Earnings Per Share

   Perhitungan laba per saham dasar berdasarkan pada                   The computation of basic earnings per share is
   informasi berikut:                                                  based on the following data:

                                               2025                    2024

   Laba tahun berjalan yang diatribusikan                                             Profit attributable
      kepada pemilik perusahaan               64.263.746.535        174.766.158.653      to owners of the Company


   Jumlah rata-rata tertimbang saham biasa
     untuk perhitungan laba per saham dasar   10.365.854.185         10.365.854.185   Weighted average number of ordinary shares

   Laba per saham                               6,20                  16,86           Earnings per share



43. Imbalan Kerja Jangka Panjang                                   43. Long-term Employee Benefits

   Besarnya imbalan pasca kerja dihitung berdasarkan                  The amount of post-employment benefits is
   ketentuan yang berlaku. Jumlah karyawan yang                       determined based on the outstanding regulation.
   berhak atas imbalan pasca kerja tersebut adalah 846                The number of employees entitled to the benefits
   karyawan pada tahun 2025 (tidak diaudit) dan 925                   is 846 in 2025 (unaudited) and 925 in 2024
   karyawan pada tahun 2024 (tidak diaudit).                          (unaudited).

   Grup juga mengikutsertakan karyawannya dalam                       The Group engaged its employees in defined-
   program pensiun iuran pasti yang dikelola oleh DPLK                contribution program managed by DPLK Manulife,
   Manulife, maka liabilitas yang dihitung adalah                     wherein the liabilities recognized represent the
   kekurangan akumulasi iuran Perusahaan dan hasil                    shortage of accumulated contribution and its return
   pengembangannya pada program pensiun ini                           on investments as compared to retirement benefit
   dibandingkan dengan pesangon berdasarkan                           obligation in accordance to law.
   undang-undang.

   Grup juga memberikan cuti panjang kepada                           The Group also provides long leave benefits for the
   karyawan yang telah mempunyai masa kerja                           employees      with     working     periods       of
   6 tahun terus menerus selama 25 hari kerja (diluar                 6 consecutive years, for 25 working days (other
   cuti tahunan). Hak cuti panjang tersebut gugur                     than annual leave). Such rights will expire when
   dengan sendirinya setelah 3 tahun. Tidak terdapat                  unused within 3 years. There is no funding for this
   pendanaan atas imbalan ini.                                        benefit.

   Jumlah-jumlah yang diakui dalam Iaporan laba rugi                  Amount recognized in the consolidated statement
   dan penghasilan komprehensif lain konsolidasian                    of profit or loss and other comprehensive income in
   sehubungan dengan imbalan pasti adalah sebagai                     respect of this benefit plans are as follows:
   berikut:




                                                         - 119 -
Page 432
PT INTILAND DEVELOPMENT Tbk                                                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                            For the Years Ended
31 Desember 2025 dan 2024                                                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                             Otherwise Stated)


                                                                                    2025
                                                                               Imbalan kerja
                                                   Imbalan pasca          jangka panjang lainnya/
                                                       kerja/                 Other long term
                                                  Employee benefits          employee benefits       Jumlah/Total

   Biaya jasa:                                                                                                           Service cost:
      Biaya jasa kini                                 11.620.379.232              1.262.772.479       12.883.151.711        Current service cost
      Biaya jasa lalu dan keuntungan                                                                                        Past service cost and gain (loss)
           (kerugian) dari penyelesaian               (4.008.012.636)              223.014.098         (3.784.998.538)           from settlements
   Biaya bunga neto                                    6.360.118.206               358.487.088          6.718.605.294    Net interest expense
   Pengukuran kembali liabilitas imbalan                                                                                 Remeasurement on the net
      pasti neto                                                      -            (890.864.349)        (890.864.349)       defined benefit liability

   Komponen biaya imbalan pasti                                                                                          Components of defined benefit costs
      yang diakui di laba rugi                        13.972.484.802               953.409.316        14.925.894.118       recognized in profit or loss

   Pengukuran kembali liabilitas imbalan pasti:                                                                          Remeasurement on the defined benefit liability:
      Kerugian (keuntungan) aktuarial yang
         timbul dari:                                                                                                       Actuarial losses (gains) arising from:
         Perubahan asumsi demografik                  (9.496.946.926)                          -       (9.496.946.926)         Changes in demographic assumptions
         Perubahan asumsi keuangan                     3.215.605.801                           -        3.215.605.801          Changes in financial assumptions
         Penyesuaian atas pengalaman                  (7.829.226.457)                          -       (7.829.226.457)         Experience adjustments
      Imbal hasil atas aset program                    5.964.842.510                           -        5.964.842.510       Return on plan assets

                                                                                                                         Components of defined benefit costs
   Komponen biaya imbalan pasti yang                                                                                       recognized in other comprehensive
      diakui di penghasilan komprehensif lain         (8.145.725.072)                          -       (8.145.725.072)     income

   Jumlah                                              5.826.759.730               953.409.316         6.780.169.046     Total


                                                                                    2024
                                                                               Imbalan kerja
                                                   Imbalan pasca          jangka panjang lainnya/
                                                       kerja/                 Other long term
                                                  Employee benefits          employee benefits       Jumlah/Total

   Biaya jasa:                                                                                                           Service cost:
      Biaya jasa kini                                 10.809.624.588              1.336.343.300       12.145.967.888        Current service cost
      Biaya jasa lalu dan keuntungan                                                                                        Past service cost and gain (loss)
          (kerugian) dari penyelesaian                (1.580.127.553)                        -         (1.580.127.553)           from settlements
   Biaya bunga neto                                    5.920.471.212               341.675.768          6.262.146.980    Net interest expense
   Pengukuran kembali liabilitas imbalan                                                                                 Remeasurement on the net
      pasti neto                                                      -            (424.575.147)         (424.575.147)      defined benefit liability

   Komponen biaya imbalan pasti                                                                                          Components of defined benefit costs
     yang diakui di laba rugi                         15.149.968.247              1.253.443.921       16.403.412.168       recognized in profit or loss

   Pengukuran kembali liabilitas imbalan pasti:                                                                          Remeasurement on the defined benefit liability:
      Kerugian (keuntungan) aktuarial yang
         timbul dari:                                                                                                        Actuarial losses (gains) arising from:
         Perubahan asumsi keuangan                    (1.946.222.282)                          -       (1.946.222.282)          Changes in financial assumptions
         Penyesuaian atas pengalaman                  (2.978.223.387)                          -       (2.978.223.387)          Experience adjustments
      Imbal hasil atas aset program                      948.867.708                           -          948.867.708        Return on plan assets

                                                                                                                         Components of defined benefit costs
   Komponen biaya imbalan pasti yang                                                                                       recognized in other comprehensive
     diakui di penghasilan komprehensif lain          (3.975.577.961)                          -       (3.975.577.961)     income

   Jumlah                                             11.174.390.286              1.253.443.921       12.427.834.207     Total




                                                                               - 120 -
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PT INTILAND DEVELOPMENT Tbk                                                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                        Otherwise Stated)


   Pada tahun 2025 dan 2024 beban imbalan kerja                                             In 2025 and 2024, long-term employee benefit
   jangka panjang disajikan sebagai berikut:                                                expense is presented as follows:

                                                             2025                           2024

   Beban pokok penjualan dan beban langsung                 3.891.754.606                5.735.795.582       Cost of sales and direct expenses
   Beban umum dan administrasi (Catatan 38)                11.795.035.604               11.275.269.159       General and administrative expenses (Note 38)
   Lain-lain - bersih                                        (760.896.092)                (607.652.573)      Others - net

   Komponen biaya imbalan pasti yang                                                                         Components of defined benefit costs
     diakui pada laba rugi                                 14.925.894.118               16.403.412.168         recognized in profit or loss


   Mutasi nilai kini liabilitas imbalan pasti adalah sebagai                                Movements of present value of defined benefit
   berikut:                                                                                 obligation are as follows:

                                                                           2025
                                                                   Imbalan kerja jangka
                                                                 jangka panjang lainnya/
                                          Imbalan pasca kerja/       Other long term
                                           Employee benefits        employee benefits              Jumlah/Total



   Saldo awal tahun                            92.959.948.747              5.160.517.394            98.120.466.141     Balance at the beginning of the year
   Beban tahun berjalan                        13.972.484.802                953.409.316            14.925.894.118     Expense during the year
   Dampak mutasi karyawan                                   -                 (5.509.922)               (5.509.922)    Impact of employee mutation
   Pembayaran selama tahun berjalan            (2.753.058.536)            (1.432.480.450)           (4.185.538.986)    Payments made during the year
   Iuran kontribusi pemberi kerja             (24.860.000.000)                         -           (24.860.000.000)    Employer's contribution
   Rugi (penghasilan) komprehensif lain        (8.145.725.072)                         -            (8.145.725.072)    Other comprehensive loss (income)
   Penyesuaian                                              -                          -                         -     Adjustment

   Saldo akhir tahun                           71.173.649.941              4.675.936.338            75.849.586.279     Balance at the end of the year


                                                                              2024
                                                                      Imbalan kerja jangka
                                                                    jangka panjang lainnya/
                                          Imbalan pasca kerja/          Other long term
                                           Employee benefits           employee benefits           Jumlah/Total


   Saldo awal tahun                            92.856.875.440               5.236.324.073            98.093.199.513      Balance at the beginning of the year
   Beban tahun berjalan                        15.149.968.247               1.253.443.921            16.403.412.168      Expense during the year
   Dampak mutasi karyawan                          (2.727.791)                 (1.165.010)               (3.892.801)     Impact of employee mutation
   Pembayaran selama tahun berjalan            (3.793.736.152)             (1.323.981.440)           (5.117.717.592)     Payments made during the year
   Iuran kontribusi pemberi kerja              (7.157.000.000)                          -            (7.157.000.000)     Employer's contribution
   Rugi (penghasilan) komprehensif lain        (3.975.577.961)                          -            (3.975.577.961)     Other comprehensive loss (income)
   Penyesuaian                                   (117.853.036)                 (4.104.150)             (121.957.186)     Adjustment

   Saldo akhir tahun                           92.959.948.747               5.160.517.394            98.120.466.141      Balance at the end of the year




                                                                        - 121 -
Page 434
PT INTILAND DEVELOPMENT Tbk                                                                             PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                  AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                      For the Years Ended
31 Desember 2025 dan 2024                                                                                    December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                     (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                       Otherwise Stated)


   Perhitungan aktuaria terakhir atas liabilitas imbalan                                  The latest actuarial valuation on long-term
   kerja jangka panjang tahun 2025 dilakukan oleh KKA                                     employee benefits in 2025 was calculated by an
   Riana & Rekan, aktuaris independen, tertanggal                                         independent actuary, KKA Riana & Rekan
   16 Maret 2026. Asumsi utama yang digunakan dalam                                       through its report dated March 16, 2026. The
   menentukan penilaian aktuarial adalah sebagai                                          actuarial valuation was carried out using the
   berikut:                                                                               following key assumptions:

    Tingkat diskonto/                                :   6,5% untuk tahun 2025 dan 7% untuk tahun 2024/
    Discount rate                                        6.5% per annum in 2025 and 7% per annum in 2024
    Tingkat kenaikan gaji/ Salary                    :   8% per tahun untuk tahun 2025 dan 2024/
    increment rate                                       8% per annum in 2025 and 2024
    Tingkat kematian/ Mortality rate                 :   100% TMI4
                                                         100% TMI4
    Tingkat cacat/Disability rate                    :   5% dari Tabel Mortalita/5% from Mortality Table
    Tingkat pengunduran diri/                        :   1% hingga usia 30, menurun linier di usia 56/1% on age 30, decreasing
    Resignation rate                                     linearly at age 56
    Tingkat pensiun dini/Level of                    :   100% per tahun/100% per annum
    early retirement

   Analisa sensitivitas dari perubahan asumsi-asumsi                                      The sensitivities of the overall long-term employee
   utama terhadap liabilitas imbalan kerja jangka                                         benefit liabilities to changes in the weighted
   panjang adalah sebagai berikut:                                                        principal assumptions are as follows:

                                                                            2025
                                               Dampak terhadap Liabilitas Imbalan Pasti Kenaikan (Penurunan)/
                                                    Impact on Defined Benefit Liability Increase (Decrease)
                                Perubahan Asumsi/            Kenaikan Asumsi/                        Penurunan Asumsi/
                              Change in Assumptions      Increase in Assumptions                   Decrease in Assumptions

   Tingkat diskonto                     1%                           (7.061.981.228)                                 8.043.812.239     Discount rate
   Tingkat pertumbuhan gaji             1%                            8.093.742.901                                 (7.012.469.879)    Salary growth rate


                                                                            2024
                                               Dampak terhadap Liabilitas Imbalan Pasti Kenaikan (Penurunan)/
                                                    Impact on Defined Benefit Liability Increase (Decrease)
                                Perubahan Asumsi/            Kenaikan Asumsi/                        Penurunan Asumsi/
                              Change in Assumptions      Increase in Assumptions                   Decrease in Assumptions

   Tingkat diskonto                     1%                           (9.363.413.473)                                10.438.814.554     Discount rate
   Tingkat pertumbuhan gaji             1%                           10.499.151.766                                  (9.304.873.734)   Salary growth rate



44. Sifat dan Transaksi Hubungan Berelasi                                          44. Nature of Relationship and Transactions with
                                                                                       Related Parties

   Sifat Pihak Berelasi                                                                  Nature of Relationship

   a.    Perusahaan yang merupakan entitas asosiasi                                      a.    Associates:
         sebagai berikut:

                                                 -       PT Hotel Taman Harapan Indah
                                                 -       PT Puri Pariwara
                                                 -       PT Mahkota Kemayoran Realty
                                                 -       PT Inti Mitbana Development
                                                 -       PT Adiwarna Harapan Nusantara
                                                 -       PT Inti Arunika Persada




                                                                       - 122 -
Page 435
PT INTILAND DEVELOPMENT Tbk                                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                               For the Years Ended
31 Desember 2025 dan 2024                                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                Otherwise Stated)


   b.   Badan Kerjasama Graha Pratama dan                                       b.          Badan Kerjasama Graha Pratama and
        PT Graha Abdael Sukses merupakan                                                    PT Graha Abdael Sukses are the joint
        perusahaan ventura bersama Perusahaan.                                              ventures of the Company.

   c.   Hendro Santoso Gondokusumo (Almarhum,                                   c.          Hendro Santoso Gondokusumo (Deceased,
        2025) adalah Direktur Utama Perusahaan pada                                         2025) was the President Director of the
        tahun 2024.                                                                         Company in 2024.

   d.   Utama Gondokusumo adalah Wakil Direktur                                 d.          Utama Gondokusumo is the Company’s Vice
        Utama Perusahaan.                                                                   President Director.

   e.   PT Graha Intan Mandiri adalah perusahaan yang                           e.          PT Graha Intan Mandiri is a company whose
        pemegang sahamnya adalah Hendro Santoso                                             shareholders    are     Hendro    Santoso
        Gondokusumo       (Almarhum,     2025)    dan                                       Gondokusumo (Deceased, 2025) and
        PT Sejahtera Saktinusa.                                                             PT Sejahtera Saktinusa.

   f.   PT Henutama Kokoh Abadi adalah Perusahaan                               f.          PT Henutama Kokoh Abadi is a company
        yang pemegang sahamnya adalah Utama                                                 whose    shareholders   are    Utama
        Gondokusumo    dan    anggota     keluarga                                          Gondokusumo and member of his close
        terdekatnya.                                                                        family.

   Transaksi dengan Pihak Berelasi                                              Transactions with Related Parties

   a.   Hendro Santoso Gondokusumo (Almarhum,                                   a.          Hendro Santoso Gondokusumo (Deceased,
        2025) memberikan jaminan berupa personal                                            2025) provides guarantees in the form of
        guarantee atas utang bank yang diperoleh Grup                                       personal guarantees for bank loans obtained
        (Catatan 19). Tidak terdapat kewajiban yang                                         by the Group (Note 19). There are no
        harus dipenuhi Grup sehubungan dengan                                               obligations that must be fulfilled by the Group
        adanya personal guarantee tersebut.                                                 in connection with the personal guarantee.

   b.   PT Henutama Kokoh Abadi memberi gadai                                   b.          PT Henutama Kokoh Abadi pawned its
        550.000 lembar saham dalam PT Cipta Area                                            550,000 shares in PT Cipta Area Pesona to
        Pesona kepada PT Global Ekabuana, atas utang                                        PT Global Ekabuana, for loan obtained by
        yang diperoleh Badan Kerjasama Mutiara                                              Badan Kerjasama Mutiara Buana.
        Buana.

   c.   Rincian transaksi dengan pihak berelasi adalah                          c.          The accounts involving transactions with
        sebagai berikut:                                                                    related parties are as follows:

                                                                              Persentase terhadap aset/liabilitas/
                                                                              Percentage to total assets/liabilities
                                             2025              2024               2025                  2024
                                                                                   %                       %

        Piutang usaha - bersih                                                                                         Trade accounts receivable - net
         PT Graha Abdael Sukses            22.894.597.387    41.834.506.580          0,17                 0,31          PT Graha Abdael Sukses

        Piutang pihak berelasi -
         non usaha                                                                                                     Due from related parties
         PT Hotel Taman Harapan Indah        600.000.000                  -          0,00                   -           PT Hotel Taman Harapan Indah
         PT Inti Arunika Persada                1.000.000                 -          0,00                   -           PT Inti Arunika Persada

        Jumlah                               601.000.000                  -                                            Total

        Investasi pada entitas asosiasi                                                                                Investments in associates
         PT Mahkota Kemayoran Realty       86.813.590.793    88.764.036.379          0,66                 0,65          PT Mahkota Kemayoran Realty
         PT Puri Pariwara                  49.506.265.833    48.573.686.561          0,38                 0,35          PT Puri Pariwara
         PT Hotel Taman Harapan Indah      39.230.051.100    39.439.025.442          0,30                 0,29          PT Hotel Taman Harapan Indah
         PT Inti Mitbana Development       33.258.464.380    35.486.924.784          0,25                 0,26          PT Inti Mitbana Development
         PT Inti Arunika Persada            2.490.591.991                 -          0,02                   -           PT Inti Arunika Persada
         PT Adiwarna Harapan Nusantara        150.000.000       150.000.000          0,00                 0,00          PT Adiwarna Harapan Nusantara

        Jumlah                            211.448.964.097   212.413.673.166                                            Total




                                                                - 123 -
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PT INTILAND DEVELOPMENT Tbk                                                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                For the Years Ended
31 Desember 2025 dan 2024                                                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                 Otherwise Stated)


                                                                                               Persentase terhadap aset/liabilitas/
                                                                                               Percentage to total assets/liabilities
                                                        2025                2024                   2025                  2024
                                                                                                    %                       %

        Investasi pada ventura bersama                                                                                                     Investments in joint ventures
         PT Graha Abdael Sukses                    148.589.015.257      136.666.907.657             1,13                   1,00             PT Graha Abdael Sukses
         Badan Kerjasama Graha Pratama                 750.284.038        3.473.234.073             0,01                   0,03             Badan Kerjasama Graha Pratama

        Jumlah                                     149.339.299.295      140.140.141.730                                                    Total

        Uang muka investasi                                                                                                                Advances for stock investments
         PT Mahkota Kemayoran Realty                  4.720.000.000        2.320.000.000            0,04                   0,02             PT Mahkota Kemayoran Realty
         PT Inti Mitbana Development                              -        3.870.000.000              -                    0,03             PT Inti Mitbana Development

        Jumlah                                        4.720.000.000        6.190.000.000                                                   Total



        Piutang dari pihak berelasi non usaha terutama                                                      Due from related parties mainly represent
        timbul dari biaya Grup yang dibayarkan terlebih                                                     advanced payments made by the Group for
        dahulu oleh pihak berelasi yang tidak memiliki                                                      expenses of the related parties that are not
        jadwal pengembalian yang pasti dan tidak                                                            subject to interest and have no definite
        dikenakan bunga.                                                                                    repayment schedule.

        Transaksi dengan pihak berelasi dilakukan                                                           Transactions with related parties are carried
        dengan ketentuan yang setara dengan yang                                                            out on terms similar to those applicable to fair
        berlaku dalam transaksi yang wajar.                                                                 transactions.

   d.   Grup     memberikan    kompensasi      kepada                                              d.       The Group provides compensation to the key
        karyawan kunci. Imbalan yang diberikan kepada                                                       management personnel. The benefits of
        direksi dan anggota manajemen kunci lainnya                                                         directors and other members of key
        untuk tahun 2025 dan 2024 sebagai berikut:                                                          management in 2025 and 2024 follows:

                                                                                   2025
                                                                                                                    Personil manajemen
                                          Dewan Direksi/                    Dewan Komisaris/                      kunci lainnya/Other Key
                                         Board of Directors                  Commissioners                        Management Personnel
                                   %                                   %                                         %

        Gaji dan imbalan kerja                                                                                                                      Salary and other short-term
          jangka pendek          100,00           14.267.777.749      100,00              8.365.157.215         93,72             31.453.650.761      employee benefits
        Imbalan pesangon              -                        -           -                          -          0,26                 85.837.581    Termination benefits
        Imbalan pasca-kerja           -                        -           -                          -          6,03              2.022.981.219    Long-term employment benefits

        Jumlah                   100,00           14.267.777.749      100,00          8.365.157.215           100,00              33.562.469.561    Total


                                                                                   2024
                                                                                                                   Personil manajemen
                                          Dewan Direksi/                    Dewan Komisaris/                     kunci lainnya/Other Key
                                         Board of Directors                  Commissioners                       Management Personnel
                                   %                                   %                                        %

        Gaji dan imbalan kerja                                                                                                                      Salary and other short-term
          jangka pendek          100,00           21.063.292.555      100,00          9.093.595.224            92,34              33.567.659.219       employee benefits
        Imbalan pesangon              -                        -           -                      -             0,40                 145.784.707    Termination benefits
        Imbalan pasca-kerja           -                        -           -                      -             7,26               2.638.286.833    Long-term employment benefits

        Jumlah                   100,00           21.063.292.555      100,00          9.093.595.224           100,00              36.351.730.759    Total




                                                                             - 124 -
Page 437
PT INTILAND DEVELOPMENT Tbk                                                      PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2025 dan 2024                                                             December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                              (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                Otherwise Stated)


45. Ikatan dan Perjanjian                                      45. Commitments and Agreements

    a.   Perjanjian Kerjasama                                     a.    Cooperation Agreement

         1) Pada tanggal 13 Juli 2020, PT Intiland                      1) On July 13, 2020, PT Intiland Grande (IG),
            Grande (IG), entitas anak, mengadakan                          a subsidiary, entered into a cooperation
            perjanjian kerjasama dengan PT Abdael                          agreement with PT Abdael Nusa (AN), a
            Nusa      (AN),    pihak    ketiga,   untuk                    third party, to develop land in the field of
            mengembangkan         lahan     di   bidang                    management and sale of land and/or land
            pengelolaan dan penjualan tanah-tanah                          and buildings covering an area of 125.465
            dan/atau tanah dan bangunan seluas                             square meters owned by IG which is
            125.465 m2 milik IG yang berlokasi di                          located in Gununganyar Tambak Village.
            Kelurahan Gununganyar Tambak. Untuk                            To develop the land, IG joint as a
            mengembangkan lahan tersebut maka IG                           shareholder of PT Graha Abdael Sukses
            masuk      sebagai      pemegang     saham                     (GAS) where IG, provides capital
            PT Graha Abdael Sukses (GAS) dimana IG,                        amounting of Rp 33,000,000,000 and AN
            menyediakan           modal         sebesar                    amounting of Rp 27,000,000,000, so the
            Rp 33.000.000.000 dan AN sebesar                               parties together have 55% and 45%
            Rp 27.000.000.000 sehingga para pihak                          participation, respectively (Note 14).
            bersama-sama memiliki bagian partisipasi
            masing-masing sebesar 55% dan 45%
            (Catatan 14).

            Perjanjian kerjasama ini tidak ditentukan                      This cooperation agreement has no stated
            masa berlakunya dan akan tetap berlaku                         validity period and shall be valid unless
            kecuali diakhiri atas kesepakatan bersama                      terminated by mutual agreement or until
            atau sampai dengan terjadinya hal-hal yang                     things     occur     that     cause      the
            menyebabkan berakhirnya/bubarnya suatu                         termination/dissolution of a limited liability
            perseroan terbatas sebagaimana diatur                          company as regulated in Law No. 40 of
            dalam UU No. 40 tahun 2007 tentang                             2007      concerning    Limited     Liability
            Perseroan Terbatas dan Anggaran Dasar                          Companies and the GAS Articles of
            GAS.                                                           Association.

         2) Pada tanggal 11 April 2019, PT Intisarana                   2) On April 11, 2019, PT Intisarana Ekaraya
            Ekaraya     (ISER),       entitas      anak,                   (ISER), a subsidiary, signed Poins Square
            menandatangani perjanjian kerja sama                           Development         Agreement        with
            pengembangan Poins Square dengan                               PT Menara Prambanan, a third party, with
            PT Menara Prambanan, pihak ketiga, seluas                      total area of 36,225.68 square meters,
            36.225,68 m2, dengan nilai investasi sebesar                   with       total       investment      of
            Rp 483.234.474.328 dengan proporsi                             Rp 483,234,474,328 with a proportion of
            masing-masing sebesar 50% atau sebesar                         50%      each     or      amounting    to
            Rp 241.617.237.164.                                            Rp 241,617,237,164.

            Pengembalian nilai investasi akan diberikan                    The return on investment will be given
            setahun sekali dengan bagi hasil, dimana                       once every year with profit sharing, where
            perhitungan nilai bagi hasil tersebut sesuai                   the calculation of the profit sharing is in
            sisa hasil usaha dengan proporsi bagi hasil                    accordance with the remaining business
            masing-masing 50% untuk ISER dan                               income with a profit sharing proportion of
            PT Menara Prambanan, pihak ketiga.                             50% each for ISER and PT Menara
            Kerjasama ini akan diakhiri berdasarkan                        Prambanan, a third party. This joint
            kesepakatan kedua belah pihak.                                 operations will be terminated based on the
                                                                           agreement of both parties.




                                                     - 125 -
Page 438
PT INTILAND DEVELOPMENT Tbk                                            PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
31 Desember 2025 dan 2024                                                   December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                    (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                      Otherwise Stated)


          Berdasarkan Keputusan Sirkular Pemegang                Based on the Circular Decision of PT Inti
          Saham PT Inti Menara Jaya (IMJ) tanggal                Menara Jaya (IMJ) Shareholders dated
          13 Desember 2024, para pemegang saham                  December 13, 2024, IMJ shareholders
          IMJ menyetujui pengurangan modal dasar                 approved a reduction in authorized capital
          dan modal ditempatkan dan disetor IMJ dan              and issued and paid-up capital of IMJ and
          menyetujui pengalihan seluruh saham milik              approved the transfer of all shares owned
          ISER sejumlah 30.898 lembar kepada pihak-              by ISER amounting to 30,898 shares to
          pihak ketiga. Pengalihan seluruh saham ini             third parties. The transfer of all shares
          mengakhiri      kesepakatan      kerjasama             ends the cooperation agreement for the
          pengembangan Poins Square antara ISER                  development of Poins Square between
          dengan PT Menara Prambanan.                            ISER and PT Menara Prambanan.

       3) Berdasarkan Perjanjian antara Reco Kris             3) Based on an Agreement between Reco
          Private Limited (Reco), PT Taman Harapan               Kris Private Limited (Reco), PT Taman
          Indah (THI) dan PT Putra Sinar Permaja                 Harapan Indah (THI) and PT Putra Sinar
          (PSP) tanggal 10 November 2016, para pihak             Permaja (PSP) dated November 10, 2016,
          setuju untuk mengelola proyek South Quarter            the parties agreed to manage South
          yang dimiliki dan dicatat asetnya oleh PSP,            Quarter project which is owned and
          dengan bisnis yang dikerjasamakan adalah               recorded as asset by PSP, together with
          penyewaan unit di Tower B, Tower C dan                 businesses such as leasing of units in
          Kompleks Retail serta Pengembangan                     Tower B, Tower C and the Retail Complex
          Perumahan. Perjanjian ini akan berakhir pada           and also the Proposed Residential
          saat Reco atau THI berhenti menjadi                    Development. This agreement will expire
          pemegang saham PSP.                                    when Reco or THI ceases to be PSP
                                                                 shareholders.

       4) Pada tanggal 15 Juni 2015, PSP, entitas             4) On June 15, 2015, PSP, a subsidiary,
          anak, menandatangani perjanjian jasa                   signed Parking Management Agreement
          pengelolaan        perparkiran       dengan            with PT Securindo Packtama Indonesia.
          PT     Securindo    Packtama      Indonesia.           This agreement has been extended
          Perjanjian telah beberapa kali diperpanjang            several times, most recently until
          terakhir sampai dengan 30 Juni 2028.                   June 30, 2028.

       5) Pada tanggal 5 April 2023, IG, entitas anak,        5) On April 5, 2023, IG, a subsidiary, signed
          menandatangani perjanjian jasa pengelolaan             management services agreement of Whiz
          Whiz Luxe Hotel Spazio dengan PT Intiwhiz              Luxe Hotel Spazio with PT Intiwhiz
          International. Perjanjian ini berlaku selama           International. This agreement is valid for
          10 tahun.                                              10 years.

       6) Pada tanggal 3 Maret 2025, PSG, entitas             6) On March 3, 2025, PSG, a subsidiary,
          anak, menandatangani perjanjian jasa                   signed management services agreement
          pengelolaan Grand Whiz Hotel Praxis dengan             of Grand Whiz Hotel Praxis with
          PT Intiwhiz International. Perjanjian ini              PT Intiwhiz International. This agreement
          berlaku selama 10 tahun.                               is valid for 10 years.




                                                   - 126 -
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PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


   b.   Pada tanggal 30 November 2015, PT Taman                  b.    On November 30, 2015, PT Taman Harapan
        Harapan Indah (THI), entitas anak, memperoleh                  Indah (THI), a subsidiary, obtained a permit
        izin pelaksanaan reklamasi Pulau H dari                        from the Government for reclamation of Pulau
        Pemerintah dengan Surat Keputusan Gubernur                     H with Governor's Decree No. 2637 Year
        No. 2637 Tahun 2015. Atas pemberian izin                       2015. Upon granting such permit, THI is
        tersebut, THI dikenakan untuk:                                 subjected to the following:

        1.   Kewajiban menyediakan prasarana, sarana                   1.   Duty to provide basic infrastructure and
             dan utilitas dasar yang dibutuhkan dalam                       utilities which is required in developing
             pengembangan kawasan pantai mutiara                            “pantai mutiara” region, such as road
             antara lain jaringan jalan baik dalam                          network both within and between islands,
             maupun antar pulau, angkutan umum                              public     mass    transportation,  utility
             massal, jaringan utilitas, infrastruktur                       networks, flood control infrastructure,
             pengendali banjir, ruang terbuka biru, ruang                   green space, blue space and coastal
             terbuka hijau dan sempadan pantai serta                        boarder as well as a means of liquid and
             sarana pengelolaan limbah cair dan padat;                      solid waste management;

        2.   Berkewajiban    melakukan      pengerukan                 2.   Obligated to conduct         dredge river
             sedimentasi sungai sekitar pulau reklamasi;                    sedimentation around         the coastal
                                                                            reclamation area;

        3.   Memberikan kontribusi berupa pengerukan                   3.   Contribute to the sedimentation of river
             sedimentasi sungai di daratan;                                 dredging in the mainland;

        4.   Lima persen (5%) dari total luas lahan areal              4.   Five percent (5%) of the total reclamation
             reklamasi nett yang tidak termasuk                             land area that does not include the
             peruntukan fasos/fasum untuk diserahkan                        designation of public facilities will be
             kepada Pemerintah Provinsi DKI Jakarta;                        submitted to the Provincial Government of
                                                                            DKI Jakarta;

        5.   Tambahan kontribusi untuk revitalisasi                    5.   Additional contribution to the revitalization
             Kawasan Utara Jakarta berupa penyediaan                        of the North Jakarta region include the
             rumah     susun,    penataan   kawasan,                        provision of flats, structuring region,
             meningkatkan dan membangun jalan,                              improving       and      building       road
             membangun infrastruktur pengendalian                           infrastructure, building flood control
             banjir, waduk, saluran dan pembangunan                         infrastructure,   reservoir,      and     the
             tanggul Program NCICD Tahap A yang                             construction of embankments NCICD
             besarannya sesuai yang akan ditetapkan                         Program Phase A in which the
             dengan Keputusan Gubernur.                                     corresponding     amount       is   to     be
                                                                            determined with Governor Decision.

        Izin pelaksanaan reklamasi yang diberikan                      The coastal reclamation license given by the
        Pemerintah kepada THI berlaku untuk jangka                     Government to THI is valid for a period of three
        waktu 3 (tiga) tahun, jika sampai dengan jangka                (3) years. If the implementation of reclamation
        waktu tersebut pelaksanaan reklamasi belum                     cannot be finished within such period, then the
        dapat diselesaikan, maka izin akan ditinjau                    license will be reviewed again by the
        kembali oleh Pemerintah (Catatan 50.a.1).                      Government (Note 50.a.1).

   c.   Perjanjian Sewa – Grup sebagai Lessor                    c.    Lease Agreements – Group as Lessors

        Grup menandatangani beberapa perjanjian                        The Group entered into various agreements
        sewa tanah dan bangunan yang dimilikinya                       for the lease of its buildings used as service
        untuk digunakan sebagai pusat perkantoran dan                  centers and warehouse for 2026 until 2031.
        pergudangan. Periode sewa antara tahun 2026                    Majority of the lease agreements are
        sampai 2031. Sebagian besar perjanjian sewa                    renewable at the end of the lease period at the
        tersebut dapat diperpanjang kembali pada akhir                 market rate.
        masa sewa dengan penyesuaian ke harga pasar
        kini.



                                                       - 127 -
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PT INTILAND DEVELOPMENT Tbk                                                                PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                     AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2025 dan 2024                                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                        (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                          Otherwise Stated)


        Pendapatan sewa yang diakui dalam laba rugi                               The rental income included in profit or loss in
        untuk tahun 2025 dan 2024 diungkapkan pada                                2025 and 2024 is disclosed in Note 35.
        Catatan 35.

        Piutang sewa minimum agregat masa depan dari                              The future aggregate minimum lease
        sewa operasi yang tidak dapat dibatalkan adalah                           receivables under non-cancellable operating
        sebagai berikut:                                                          leases are as follows:

                                                           2025               2024

        Kurang dari 1 tahun                            80.085.678.579    137.296.046.757    Not later than 1 year
        Lebih dari 1 tahun tapi kurang dari 5 tahun   121.465.598.705    166.251.520.718    Later than 1 year but not later than 5 years
        Lebih dari 5 tahun                             17.711.708.233      4.723.936.590    Later than 5 years

        Jumlah                                        219.262.985.517    308.271.504.065    Total



46. Tujuan dan         Kebijakan        Manajemen        Risiko          46. Financial Risk Management Objectives and
    Keuangan                                                                 Policies

   Aktivitas Grup terpengaruh berbagai risiko keuangan:                     The Group’s activities are exposed to a variety of
   risiko pasar (termasuk risiko mata uang asing dan                        financial risks: market risk (including foreign
   risiko suku bunga), risiko kredit dan risiko likuiditas.                 currency risk and fair value interest rate risk), credit
   Program manajemen risiko Grup secara keseluruhan                         risk and liquidity risk. The Group’s overall risk
   difokuskan pada pasar keuangan yang tidak dapat                          management programme focuses on the
   diprediksi dan Grup berusaha untuk meminimalkan                          unpredictability of financial markets and seeks to
   dampak yang berpotensi merugikan kinerja                                 minimize potential adverse effects on the Group’s
   keuangan Grup.                                                           financial performance.

   Manajemen risiko merupakan tanggung jawab                                Risk management is the responsibility of the Board
   Direksi. Direksi bertugas menentukan prinsip dasar                       of Directors (BOD). The BOD has the responsibility
   kebijakan      manajemen         risiko Grup secara                      to determine the basic principles of the Group’s risk
   keseluruhan serta kebijakan pada area tertentu                           management as well as principles covering specific
   seperti risiko mata uang asing, risiko suku bunga,                       areas, such as foreign exchange risk, interest rate
   risiko kredit dan risiko likuiditas.                                     risk, credit risk and liquidity risk.

   Risiko Pasar                                                             Market Risk

   a.   Risiko Mata Uang Asing                                              a.       Foreign Exchange Risk

        Risiko nilai tukar adalah risiko dimana nilai wajar                       Foreign exchange rate risk is the risk that the
        atau arus kas kontraktual masa datang dari                                fair value or future contractual cash flows of a
        suatu instrumen keuangan akan terpengaruh                                 financial instrument will fluctuate because of
        akibat perubahan nilai tukar.                                             changes in foreign exchange rates.

        Grup memiliki eksposur dalam mata uang asing                              The Group has transactional currency
        yang timbul dari transaksi operasionalnya.                                exposures. Such exposure arises when the
        Eksposur tersebut timbul karena transaksi yang                            transaction is denominated in currencies other
        bersangkutan dilakukan dalam mata uang selain                             than the functional currency of the operating
        mata uang fungsional unit operasional atau pihak                          unit or the counterparty.
        lawan.




                                                               - 128 -
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PT INTILAND DEVELOPMENT Tbk                                                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                            For the Years Ended
31 Desember 2025 dan 2024                                                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                             Otherwise Stated)


        Tabel berikut menunjukkan sensitivitas atas                                                   The following table shows the sensitivity
        perubahan yang wajar dari nilai tukar mata uang                                               analysis of the changes in fair value of foreign
        asing terhadap Rupiah, dimana semua variabel                                                  currency exchange rates against the dollar,
        lain konstan, terhadap laba sebelum pajak tahun                                               with all other variables constant to the profit
        2025 dan 2024.                                                                                before tax for the year 2025 and 2024.

                                                                                2025                                                          2024
                                                          Kenaikan (penurunan)       Efek terhadap laba                 Kenaikan (penurunan)       Efek terhadap laba
                                                            dalam persentase/          sebelum pajak/                     dalam persentase/          sebelum pajak/
                                                          Increase (decrease) in     Effect againts profit              Increase (decrease) in     Effect againts profit
                                                                percentage                before tax                          percentage                before tax
                                                                                                  Kenaikan                                                Kenaikan
                                                                                                (penurunan)/                                            (penurunan)/
                                                                                            Increase (decrease)                                     Increase (decrease)

        Rupiah terhadap/ Rupiah againts:
          Dolar Amerika Serikat/ U.S Dollar                                          1                2.179.858                              2               31.089.822
                                                                                    (1)              (2.179.858)                            (2)             (31.089.822)
           Dolar Singapura/ Singapore Dollar                                         2                 (278.355)                             1                 (130.846)
                                                                                    (2)                  278.355                            (1)                  130.846

   b.   Risiko Suku Bunga Arus Kas dan Nilai Wajar                                             b.    Cash Flow and Fair Value Interest Rate Risk

        Risiko suku bunga Grup timbul dari pinjaman                                                   The Group’s interest rate risk arises from
        jangka pendek dan jangka panjang. Pinjaman                                                    short-term and long-term bank loans.
        yang diterima dengan suku bunga mengambang                                                    Borrowings issued at floating rates expose the
        mengakibatkan timbulnya risiko suku bunga arus                                                Group to cash flow interest rate risk.
        kas terhadap Grup. Pinjaman yang diterima                                                     Borrowings issued at fixed rates expose the
        dengan suku bunga tetap mengakibatkan                                                         Group to fair value interest rate risk. During
        timbulnya risiko nilai wajar suku bunga terhadap                                              2025 and 2024, the Group’s borrowings at
        Grup. Selama tahun 2025 dan 2024, pinjaman                                                    floating rate were denominated in the Rupiah.
        Grup pada suku bunga mengambang
        didenominasikan dalam Rupiah.

        Pada tanggal 31 Desember 2025 dan 2024,                                                       As of December 31, 2025 and 2024, the
        saldo pinjaman yang terpengaruh risiko suku                                                   Group has the following floating rate
        bunga adalah sebagai berikut:                                                                 borrowings that are affected by interest risk:

                                                                 2025                                                 2024
                                          Rata-rata Tertimbang                                 Rata-rata Tertimbang
                                              Suku Bunga/                                          Suku Bunga/
                                           Weighted Average                Sado/                Weighted Average                Sado/
                                             Interest Rate                Balance                 Interest Rate                Balance
                                                    %                                                    %

        Utang bank jangka pendek            9,00% - 12,00%                766.532.770.367        9,00% - 12,00%              1.045.556.048.076    Short-term bank loans
        Utang bank jangka panjang           5,00% - 12,00%              2.314.208.673.587        7,50% - 12,00%              2.690.630.688.452    Long-term bank loans

        Eksposur bersih terhadap risiko                                                                                                           Net exposure to cash flow
          suku bunga arus kas                                           3.080.741.443.954                                    3.736.186.736.528       interest rate risk




                                                                            - 129 -
Page 442
PT INTILAND DEVELOPMENT Tbk                                                  PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2025 dan 2024                                                         December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                          (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                            Otherwise Stated)


       Analisa     sensitivitas  berikut    ditentukan               The sensitivity analysis below has been
       berdasarkan eksposur Grup berupa aset dan                     determined based on the Group’s exposure to
       liabilitas keuangan dengan bunga (interest                    interest rates for interest bearing assets and
       bearing) pada tanggal laporan posisi keuangan,                liabilities at the consolidated statement of
       dengan asumsi perubahan suku bunga terjadi                    financial position date and the stipulated
       pada awal tahun dan konstan sepanjang periode                 change an interest rate taking place at the
       pelaporan, dalam hal variabel tersebut memiliki               beginning of the financial year and held
       suku bunga mengambang.                                        constant throughout the reporting period in the
                                                                     case of instruments that have floating rates.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of December 31, 2025 and 2024, an
       asumsi peningkatan atau penurunan masing-                     assumed basis point increase or decrease of
       masing sebesar 8,12 dan 11,10 basis poin                      8.12 and 11.10 basis points used when
       digunakan untuk tujuan pelaporan risiko suku                  reporting interest rate risk internally to key
       bunga kepada personel manajemen kunci                         management personnel and represents the
       secara internal dan pengungkapan berikut                      management’s assessment of a reasonably
       merupakan hasil penelaahan manajemen atas                     possible change in interest rates.
       kemungkinan perubahan suku bunga yang
       wajar.

       Jika suku bunga meningkat/menurun sebesar                     If interest rates increased/decreased by 8.12
       8,12 dan 11,10 basis poin masing-masing pada                  and 11.10 basis points in 2025 and 2024,
       tahun 2025 dan 2024, sedangkan variabel lain                  respectively, and all other variables are
       konstan, maka laba sebelum pajak Grup                         constant, the Group’s profit before tax for
       untuk tahun yang berakhir 31 Desember 2025                    the years ended December 31, 2025 and
       dan 2024 akan menurun/meningkat masing-                       2024       would      decrease/increase    by
       masing sebesar Rp 3.155.885.420 dan                           Rp 3,155,885,420 and Rp 5,013,882,396,
       Rp 5.013.882.396, yang terutama disebabkan                    respectively, mainly due to the increase/
       oleh kenaikan/penurunan beban bunga.                          decrease in interest expense.

       Sesuai dengan kebijakan Grup, Direksi                         In accordance with the Group’s policy, the
       memonitor dan melakukan review atas                           Directors monitor and review the Group’s
       sensitivitas suku bunga Grup secara menyeluruh                overall interest rate sensitivity analysis on a
       tiap bulan.                                                   monthly basis.

   Risiko Kredit                                                Credit Risk

   Risiko kredit adalah risiko bahwa Group akan                 Credit risk is the risk that the Group will incur a loss
   mengalami kerugian yang timbul dari pelanggan atau           arising from the customers or counterparties which
   pihak lawan akibat gagal memenuhi liabilitas                 fail to fulfill their obligations. Credit risk arises
   kontraktualnya. Risiko kredit terutama timbul dari kas       mainly from cash and cash equivalents, trade
   dan setara kas, piutang usaha, piutang lain-lain dan         receivables, other accounts receivable and due
   piutang dari pihak berelasi.                                 from related parties.

   Grup mengelola risiko kredit yang terkait dengan kas         The Group manages credit risk exposed from cash
   dan setara kas dan investasi jangka panjang dengan           and cash equivalents and long-term investments
   memonitor reputasi, peringkat kredit, dan membatasi          by monitoring reputation, credit ratings and limiting
   risiko agregat dari masing-masing pihak dalam                the aggregate risk to any individual counterparty.
   kontrak.




                                                      - 130 -
Page 443
PT INTILAND DEVELOPMENT Tbk                                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2025 dan 2024                                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                        Otherwise Stated)


   Sehubungan dengan kredit yang diberikan kepada                          With regards to credit exposures given to
   pelanggan, Grup mengendalikan risiko kredit dengan                      customers, the Group manages and controls the
   cara melakukan hubungan usaha dengan pihak lain                         credit risk by dealing only with recognized and
   yang memiliki kredibilitas, menetapkan kebijakan                        credit worthy parties, setting internal policies on
   verifikasi dan otorisasi kredit, serta memantau                         verifications and authorizations of credit, and
   kolektibilitas  piutang   secara   berkala    untuk                     regularly monitoring the collectibility of receivables
   mengurangi jumlah piutang tak tertagih. Manajemen                       to reduce the exposure of bad debts. Management
   berpendapat bahwa tidak terdapat risiko kredit yang                     believes     that  there     are      no     significant
   terkonsentrasi secara signifikan.                                       concentrations of credit risk.

   Lihat Catatan 6 untuk informasi piutang yang belum                      Refer to Note 6 for the information regarding not
   jatuh tempo dan tidak mengalami penurunan nilai,                        past due and unimpaired receivables and also past
   serta piutang yang telah jatuh tempo namun tidak                        due receivables but not impaired.
   mengalami penurunan nilai.

   Kualitas kredit dari aset keuangan baik yang belum                      The credit quality of financial assets that are neither
   jatuh tempo atau tidak mengalami penurunan nilai                        past due nor impaired can be assessed by
   dapat dinilai dengan mengacu pada peringkat kredit                      reference to external credit ratings (if available) or
   eksternal (jika tersedia) atau mengacu pada informasi                   to historical information about counterparty default
   historis mengenai tingkat gagal bayar debitur:                          rates:

                                                      2025                  2024

   Diukur pada biaya perolehan diamortisasi                                                Financial assets at amortized cost
      Kas dan setara kas                          943.589.050.216       751.562.446.532       Cash and cash equivalents
      Piutang usaha                               156.370.463.966       171.677.410.061       Trade accounts receivable
      Piutang lain-lain                            16.989.931.501         9.260.434.808       Other accounts receivable
      Kas dan deposito
         yang dibatasi penggunaannya              324.993.664.168       350.235.472.680      Restricted cash and time deposits
      Piutang dari pihak berelasi                     601.000.000                     -      Due from related parties
      Jaminan                                       1.437.872.762         1.446.523.511      Deposits
   Diukur pada nilai wajar melalui penghasilan
      komprehensif lain                                                                    Financial Assets at FVOCI
      Investasi jangka panjang                                                                Long-term investments
         saham                                    102.421.571.139       102.421.571.139         in stock

   Jumlah                                        1.546.403.553.752     1.386.603.858.731   Total


   Risiko Likuiditas                                                       Liquidity Risk

   Risiko likuiditas adalah risiko kerugian yang timbul                    Liquidity risk is a risk arising when the cash flow
   karena Grup tidak memiliki arus kas yang cukup                          position of the Group is not enough to cover the
   untuk memenuhi liabilitasnya.                                           liabilities which become due.

   Dalam pengelolaan risiko likuiditas, manajemen                          In managing the liquidity risk, management
   memantau dan menjaga jumlah kas dan setara kas                          monitors and maintains a level of cash and cash
   yang dianggap memadai untuk membiayai                                   equivalents deemed adequate to finance the
   operasional Grup dan untuk mengatasi dampak                             Group’s operations and to mitigate the effects of
   fluktuasi arus kas. Manajemen juga melakukan                            fluctuation in cash flows.      Management also
   evaluasi berkala atas proyeksi arus kas dan arus kas                    regularly evaluates the projected and actual cash
   aktual, termasuk jadwal jatuh tempo utang, dan terus-                   flows, including loan maturity profiles, and
   menerus melakukan penelaahan pasar keuangan                             continuously assesses conditions in the financial
   untuk mendapatkan sumber pendanaan yang                                 markets for opportunities to obtain optimal funding
   optimal.                                                                sources.




                                                             - 131 -
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PT INTILAND DEVELOPMENT Tbk                                                                                                       PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                            AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                For the Years Ended
31 Desember 2025 dan 2024                                                                                                              December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                               (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                 Otherwise Stated)


   Tabel di bawah ini menganalisa liabilitas keuangan                                                                The table below analyzes the Group’s financial
   Grup yang diselesaikan secara neto yang                                                                           liabilities into relevant maturity groupings based on
   dikelompokkan berdasarkan periode yang tersisa                                                                    the remaining period to the contractual maturity
   sampai dengan tanggal jatuh tempo kontraktual.                                                                    date. The amounts disclosed in the table are the
   Jumlah yang diungkapkan dalam tabel merupakan                                                                     contractual undiscounted cash flows (excluding
   arus kas kontraktual yang tidak didiskontokan (tidak                                                              cash flows for interest payments).
   termasuk arus kas untuk pembayaran bunga).

                                                                                  31 Desember 2025/December 31, 2025
                                <= 1 tahun/      1-2 tahun/          3-5 tahun/                 > 5 tahun/               Jumlah/              Biaya transaksi/           Nilai Tercatat/
                                 <= 1 year       1-2 years           3-5 years                  > 5 years                 Total              Transaction costs            As Reported
                                    '000            '000                '000                      '000                    '000                      '000                      '000

   Liabilitas                                                                                                                                                                                   Other Financial Liabilities
   Utang bank jangka pendek        766.532.770                   -                      -                        -         766.532.770                              -          766.532.770         Short-term bank loans
   Utang usaha                      81.670.035                   -                      -                        -          81.670.035                              -            81.670.035        Trade accounts payable
   Pinjaman dari pihak ketiga      151.547.456       29.454.050                         -          26.750.000              207.751.507                              -          207.751.507         Loans from third parties
   Utang lain-lain                 46.550.268        166.862.583          2.354.817              320.843.969               536.611.636                              -          536.611.636         Other accounts payable
   Beban akrual                    611.126.747                   -                      -                        -         611.126.747                              -          611.126.747         Accrued expenses
   Utang bank jangka panjang       484.474.124      367.365.828        833.990.219              1.443.755.503            3.129.585.674            (815.377.000)              2.314.208.674         Long-term bank loans
   Utang pembiayaan konsumen           126.966             107.266         398.215                               -                632.447                (26.852)                    605.595       Consumer finance payables
   Uang jaminan                    72.477.329       213.148.831                         -                        -         285.626.160                              -          285.626.160         Guarantee deposits

   Jumlah                       2.214.505.695       776.938.558        836.743.251              1.791.349.472            5.619.536.976            (815.403.852)             4.804.133.124       Total


                                                                                  31 Desember 2024/December 31, 2024
                                <= 1 tahun/      1-2 tahun/          3-5 tahun/                > 5 tahun/               Jumlah/              Biaya transaksi/           Nilai Tercatat/
                                <= 1 year        1-2 years           3-5 years                 > 5 years                 Total              Transaction costs           As Reported
                                   '000            '000                '000                       '000                   '000                     '000                       '000

   Liabilitas                                                                                                                                                                                  Other Financial Liabilities
   Utang bank jangka pendek     1.045.873.913                   -                   -                        -          1.045.873.913                (317.865)             1.045.556.048         Short-term bank loans
   Utang usaha                     84.351.133                   -                   -                        -             84.351.133                           -              84.351.133        Trade accounts payable
   Pinjaman dari pihak ketiga      26.817.072        62.387.706                                                            89.204.778                           -              89.204.778        Loans from third parties
   Utang lain-lain                 50.610.996        52.747.060          6.698.326              239.486.810               349.543.192                           -             349.543.192        Other accounts payable
   Beban akrual                   523.636.710                   -                   -                        -            523.636.710                           -             523.636.710        Accrued expenses
   Utang bank jangka panjang      172.168.953      267.164.165        704.333.170              1.952.356.516            3.096.022.804            (405.392.116)             2.690.630.688         Long-term bank loans
   Utang pembiayaan konsumen          183.235              78.801             39.401                         -                   301.437              (20.009)                      281.428      Consumer finance payables
   Utang sukuk ijarah             375.000.000                   -                   -                        -            375.000.000              (2.443.793)                372.556.207        Sukuk ijarah payable
   Uang jaminan                    94.102.630      214.072.102                      -                        -            308.174.732                           -             308.174.732        Guarantee deposits

   Jumlah                       2.372.744.642      596.449.834        711.070.897              2.191.843.326            5.872.108.699            (408.173.783)             5.463.934.916       Total




47. Segmen Operasi                                                                                         47. Operating Segments

   Segmen Usaha                                                                                                      Business segments

   Untuk tujuan pelaporan manajemen, saat ini Grup                                                                   For purposes of management reporting, the Group
   dibagi dalam 5 (lima) divisi operasi – real estat,                                                                is currently divided into 5 (five) divisions – real
   penyewaan gedung perkantoran, hotel, kawasan                                                                      estate, rental of office building, hotels, industrial
   industri dan fasilitas. Divisi-divisi tersebut menjadi                                                            estate and facilities. These divisions are the bases
   dasar pelaporan informasi segmen primer Grup.                                                                     of reporting on the primary segment information of
                                                                                                                     the Group.




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PT INTILAND DEVELOPMENT Tbk                                                                                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                            For the Years Ended
31 Desember 2025 dan 2024                                                                                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                             Otherwise Stated)


   Kegiatan utama divisi tersebut terdiri dari:                                                                              Each division’s main activities are as follows:

    Real estat/Real estate                                                                −          Pengembangan kawasan perumahan dan apartemen/
                                                                                                     Residential and apartment development
    Penyewaan gedung perkantoran/Rental of                                                −          Pendapatan berulang atas penyewaan ruang kantor/
    office building                                                                                  Recurring income on office space rental
    Kawasan industri/Industrial estate                                                    −          Pengembangan dan pengelolaan kawasan industri/
                                                                                                     Industrial estate development and management
    Fasilitas/Facilities                                                                  −          Pendapatan berulang atas pengelolaan lapangan golf, sarana
                                                                                                     olahraga dan fasilitas/
                                                                                                     Recurring income on the management of golf courses, sports
                                                                                                     club and facilities
    Hotel/Hotels                                                                          −          Hotel/
                                                                                                     Hotels

   Berikut ini adalah segmen operasi Grup:                                                                                   Following are the operating segments of the
                                                                                                                             Group:
                                                                 Real Estat/Real Estate                                       Kawasan
                                                          Perumahan/                                                          Industri/
                                                          Houses and                                   Perkantoran/          Industrial           Fasilitas/         Hotels/            Eliminasi/           Konsolidasi/
                                     2025                     Land                High Rise              Offices               Estate             Facilities         Hotel              Elimination          Consolidated

   PENDAPATAN/REVENUES
   Penjualan dan pendapatan usaha/
   Sales and operating revenues                           781.997.979.055        222.343.768.121       253.489.443.359      623.550.514.432     534.871.695.932    46.136.776.733                      -     2.462.390.177.632

   HASIL/RESULTS
   Hasil segmen/Segment results                           453.548.443.847         67.551.766.420       127.242.771.060      248.899.595.473      47.835.399.614    15.409.193.526                      -      960.487.169.940

   Laba (rugi) operasi/Income (loss) from operations      337.995.162.824           7.958.756.877       80.038.157.301      229.493.415.421      11.351.431.581     5.403.848.758                      -      672.240.772.762


   Pendapatan bunga/Interest income                         2.760.806.775         14.251.424.339            151.005.971         438.079.655       3.190.593.004       26.850.777                       -       20.818.760.521
   Keuntungan (kerugian) kurs mata uang asing- bersih/
   Gain (loss) on foreign exchange - net                                 -            (77.801.006)         182.709.487           98.440.518              25.177                 -                      -          203.374.176
   Keuntungan penjualan aset tetap/
   Gain (loss) on sale of property and equipment              341.611.898            313.517.088            69.424.229                     -        194.184.548                 -                      -          918.737.763
   Ekuitas pada laba bersih entitas asosiasi dan
     ventura bersama/
   Equity in net income of associates and
     joint venture                                        (361.945.286.941)      375.986.140.001       (131.188.243.726)                   -                   -                -       124.920.894.801          7.773.504.135
   Beban bunga/Interest expense                            (76.285.119.190)       (18.779.582.960)     (261.545.530.077)     (14.883.255.760)        (8.928.785)       (4.509.769)                     -      (371.506.926.541)
   Komponen pendanaan atas liabilitas kontrak/
   Financing component of contract liabilities             (29.549.983.665)       (25.159.860.048)         (931.864.072)     (21.178.747.691)                  -                -                      -       (76.820.455.476)
   Lain-lain bersih/Others - net                          (494.740.831.346)         5.480.947.886      401.862.412.573       (10.173.805.271)    11.905.671.763    (3.261.244.049)        (5.553.599.265)      (94.480.447.709)

   Laba sebelum pajak/
   Income (loss) before tax                               (621.423.639.645)      359.973.542.177        88.638.071.686      183.794.126.872      26.632.977.288     2.164.945.717       119.367.295.536       159.147.319.631
   Pajak final/Final tax                                   (18.354.829.225)        (5.847.048.982)      (24.645.551.829)     (14.558.725.957)   (16.796.167.794)                -                      -       (80.202.323.787)
   Manfaat (beban) pajak/Tax benefit (expense)             45.240.633.499            188.781.235        67.477.347.287        (5.371.184.201)    (7.923.469.720)                -                      -       99.612.108.100

   Laba (rugi) sebelum kepentingan nonpengendali/
   Income (loss) before non-controlling interest          (594.537.835.371)      354.315.274.430       131.469.867.144      163.864.216.714       1.913.339.774     2.164.945.717       119.367.295.536       178.557.103.944
   Penghasilan (rugi) komprehensif lain/
     Other Comprehensive Income (loss)                      6.721.141.582            243.160.666         1.265.682.592          (602.139.088)     2.516.612.073                 -         (4.031.879.337)        6.112.578.488
   Jumlah penghasilan (rugi) komprehensif/
     Total comprehensive income (loss)                    (587.816.693.789)      354.558.435.096       132.735.549.736      163.262.077.626       4.429.951.847     2.164.945.717       115.335.416.199       184.669.682.432


   INFORMASI LAINNYA/OTHER INFORMATION

   ASET/ASSETS
   Aset segmen/Segment assets                            3.135.446.991.766      7.047.496.377.447     1.216.126.456.225    1.161.435.721.719    744.346.627.515     8.313.580.670      (556.944.598.488)    12.756.221.156.854
   Investasi dalam saham pada entitas asosiasi
      dan ventura bersama/
   Investments in shares of stock of associates
      and joint venture                                  3.518.279.429.477      2.433.807.204.194     6.766.193.812.281             100.940      16.036.746.047                 -    (12.373.529.029.547)     360.788.263.392

   Jumlah aset yang dikonsolidasi/
   Total consolidated assets                             6.653.726.421.243      9.481.303.581.641     7.982.320.268.506    1.161.435.822.659    760.383.373.562     8.313.580.670    (12.930.473.628.035)   13.117.009.420.246

   LIABILITAS/LIABILITIES
   Liabilitas segmen/Segment liabilities                 1.740.036.598.308      1.796.524.790.152     2.386.803.935.566     605.930.091.796     195.662.720.790    18.395.844.293      (413.223.368.777)     6.330.130.612.128


   Informasi Lainnya

   Beban penyusutan/Depreciation                            (1.407.756.296)       (65.087.224.806)      82.118.810.455        8.982.889.979      25.974.956.674     9.963.852.494                      -       60.545.528.500




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PT INTILAND DEVELOPMENT Tbk                                                                                                                 PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                                      AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                          For the Years Ended
31 Desember 2025 dan 2024                                                                                                                        December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                                         (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                           Otherwise Stated)

                                                               Real Estat/Real Estate                                      Kawasan
                                                         Perumahan/                                                        Industri/
                                                         Houses and                                 Perkantoran/          Industrial           Fasilitas/         Hotels/             Eliminasi/          Konsolidasi/
                                    2024                    Land                 High Rise            Offices               Estate             Facilities         Hotel              Elimination          Consolidated

  PENDAPATAN/REVENUES
  Penjualan dan pendapatan usaha/
  Sales and operating revenues                           659.423.207.391       371.759.512.185      259.273.061.900      744.236.962.337     479.140.434.963    39.452.110.941                      -     2.553.285.289.717

  HASIL/RESULTS
  Hasil segmen/Segment results                           262.452.881.449       133.980.954.022      117.640.406.290      221.432.601.279      38.006.417.279    11.838.743.443                      -      785.352.003.762
  Laba (rugi) operasi/Income (loss) from operations      141.062.562.914         74.932.027.145      45.297.426.304      193.890.671.751      (6.603.950.112)    5.652.455.688                      -      454.231.193.690

  Pendapatan bunga/Interest income                         4.696.376.351          9.646.312.616         341.697.218          885.613.529       3.988.102.920         5.340.092                      -       19.563.442.726
  Keuntungan (kerugian) kurs mata uang asing- bersih/
  Gain (loss) on foreign exchange - net                        (1.162.500)          (32.064.879)         (70.619.680)        230.607.953                    -                -                      -          126.760.894
  Keuntungan penjualan aset tetap/
  Gain (loss) on sale of property and equipment                   77.000             12.605.106          19.413.402                     -        352.327.053                 -                      -          384.422.561
  Ekuitas pada laba bersih entitas asosiasi dan
     ventura bersama/
  Equity in net income of associates and
     joint venture                                        (16.071.996.127)       72.817.324.909      198.882.796.208                    -                  -                 -      (182.287.707.801)        73.340.417.189
  Beban bunga/Interest expense                            (79.290.752.057)      (33.137.652.399)    (246.968.866.068)                   -        (19.882.770)                -                     -       (359.417.153.294)
  Komponen pendanaan atas liabilitas kontrak/
  Financing component of contract liabilities             (43.104.339.426)      (37.350.724.892)       (357.151.685)      (17.026.947.846)                 -                 -                      -      (97.839.163.849)
  Lain-lain bersih/Others - net                              (759.057.633)        2.229.116.075     303.674.397.379        (8.035.431.787)    24.475.470.750    (1.779.962.304)        (3.108.449.456)     316.696.083.024
  Laba sebelum pajak/
  Income (loss) before tax                                  6.531.708.522        89.116.943.681     300.819.093.078      169.944.513.600      22.192.067.841     3.877.833.476      (185.396.157.257)      407.086.002.941
  Pajak final/Final tax                                   (14.680.497.764)       (8.731.505.100)    (23.979.608.645)     (17.113.062.068)    (16.007.239.343)                -                     -       (80.511.912.920)
  Manfaat (beban) pajak/Tax benefit (expense)               2.465.788.010          (579.845.353)    (48.608.910.973)      (4.815.831.899)    (11.183.558.751)                -                     -       (62.722.358.966)
  Laba (rugi) sebelum kepentingan nonpengendali/
  Income (loss) before non-controlling interest            (5.683.001.232)       79.805.593.228     228.230.573.460      148.015.619.633      (4.998.730.253)    3.877.833.476      (185.396.157.257)      263.851.731.055
  Penghasilan (rugi) komprehensif lain/
     Other Comprehensive Income (loss)                     2.062.025.464          1.943.621.075         (582.584.251)        (106.958.653)     1.413.468.233                 -         (1.115.601.453)        3.613.970.415
  Jumlah penghasilan (rugi) komprehensif/
     Total comprehensive income (loss)                     (3.620.975.768)       81.749.214.303     227.647.989.209      147.908.660.980      (3.585.262.020)    3.877.833.476      (186.511.758.710)      267.465.701.470

  INFORMASI LAINNYA/OTHER INFORMATION

  ASET/ASSETS
  Aset segmen/Segment assets                            3.838.092.368.606     7.154.214.996.416    1.062.845.181.260    1.170.739.520.135    700.825.390.488     9.598.124.076      (585.316.314.980)    13.350.999.266.001
  Investasi dalam saham pada entitas asosiasi
      dan ventura bersama/
  Investments in shares of stock of associates
      and joint venture                                 3.858.852.608.450     2.330.392.891.059    7.541.063.124.109             100.940      12.870.967.193                 -    (13.390.625.876.855)     352.553.814.896
  Jumlah aset yang dikonsolidasi/
  Total consolidated assets                             7.696.944.977.056     9.484.607.887.475    8.603.908.305.369    1.170.739.621.075    713.696.357.681     9.598.124.076    (13.975.942.191.835)   13.703.553.080.897

  LIABILITAS/LIABILITIES
  Liabilitas segmen/Segment liabilities                 1.744.179.470.760     1.833.362.579.465    3.154.248.694.193     361.835.729.577     191.586.803.654    18.346.823.318      (346.919.490.452)     6.956.640.610.515

  Informasi Lainnya

  Beban penyusutan/Depreciation                            2.704.146.636          3.756.951.066      81.198.950.680        8.631.470.946      24.916.331.071     7.923.001.359                      -      129.130.851.758




    Segmen Geografis                                                                                                       Geographical Segment

    Operasi Grup berlokasi di wilayah Indonesia,                                                                           The operations of the Group are located in
    terutama Pulau Jawa yang memiliki risiko dan                                                                           Indonesia, mainly in Java island and have similar
    imbalan relatif sama. Seluruh pendapatan Grup                                                                          risks and returns. All revenues of the Group
    adalah pendapatan domestik.                                                                                            represent domestic income.




                                                                                                   - 134 -
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PT INTILAND DEVELOPMENT Tbk                                                                               PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                    AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                        For the Years Ended
31 Desember 2025 dan 2024                                                                                      December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                       (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                         Otherwise Stated)


48. Aset dan Liabilitas Moneter Bersih dalam Mata                                    48. Net  Monetary     Assets    and   Liabilities
    Uang Asing                                                                           Denominated in Foreign Currencies

   Tabel berikut mengungkapkan jumlah aset dan                                            The following table shows the consolidated foreign
   liabilitas moneter konsolidasian dalam mata uang                                       currency denominated monetary assets and
   asing:                                                                                 liabilities:

                                                                        31 Desember/December 31
                                                           2025                                             2024
                                        Mata uang                 Ekuivalen Rp/          Mata uang                 Ekuivalen Rp/
                                       asing/Original             Equivalent in         asing/Original             Equivalent in
                                         currency                      Rp                 currency                      Rp

   Aset                                                                                                                               Assets

   Aset Lancar                                                                                                                        Current Assets
     Kas dan setara kas        US$              283.496              4.757.625.675                260.079             4.203.393.242      Cash and cash equivalents

   Jumlah Aset                                                       4.757.625.675                                    4.203.393.242   Total Assets


   Liabilitas                                                                                                                         Liabilities

   Liabilitas Jangka Pendek                                                                                                           Short term Liability
      Utang usaha              US$                18.500              310.467.000                  60.520              978.124.240      Trade accounts payable
                               SGD                   905               11.827.056                     905               10.787.003

   Liabilitas Jangka Panjang                                                                                                          Long term Liability
      Uang jaminan             US$              253.823              4.259.657.586                103.828             1.678.068.136      Guarantee deposits

   Jumlah Liabilitas                                                 4.581.951.642                                    2.666.979.379   Total Liabilities

   Jumlah Aset - Bersih                                               175.674.033                                     1.536.413.863   Net Assets




   Pada tanggal 31 Desember 2025 dan 2024, kurs                                          As of December 31, 2025 and 2024, the conversion
   konversi yang digunakan Grup diungkapkan pada                                         rates used by the Group were disclosed in Note 2
   Catatan 2 atas laporan keuangan konsolidasian.                                        to consolidated financial statements.


49. Kerjasama Operasi                                                                49. Joint Operations

    Badan Kerjasama Mutiara Buana                                                           Badan Kerjasama Mutiara Buana

    Berdasarkan Akta No. 12 tanggal 29 April 2006 dari                                      Based on the Deed No. 12 dated April 29, 2006 of
    Saniwati Suganda, S.H., notaris di Jakarta, tentang                                     Saniwati Suganda, S.H., public notary in Jakarta,
    perubahan kedua dan pernyataan kembali                                                  concerning the changes in and reinstatement of
    Perjanjian Badan Pengurus Kerjasama telah                                               the BKMB Agreement, THI and PT Global
    disepakati antara THI dan PT Global Ekabuana (GE)                                       Ekabuana (GE) agreed on the following:
    hal-hal sebagai berikut:

    −       Badan Kerjasama yang terbentuk diberi nama                                      −     To establish a joint venture organization called
            Badan Kerjasama Mutiara Buana (BKMB),                                                 Badan Kerjasama Mutiara Buana (BKMB),
            berkedudukan di Jakarta.                                                              located in Jakarta.

    −       BKMB       didirikan   untuk     melaksanakan                                   −     BKMB is established to carry out the
            pengembangan dan pembangunan proyek                                                   development and construction of an
            apartemen terletak di Pantai Mutiara Blok V dan                                       apartment project at Pantai Mutiara Blok V
            W, Jakarta Utara di atas tanah seluas                                                 and W, North Jakarta on 62,625 square
            62.625 m2.                                                                            meters area of land.

    −       THI dan GE akan memberikan kontribusinya                                        −     THI and GE will contribute equally to BKMB in
            secara merata terhadap kas BKMB untuk setiap                                          the form of cash.
            penambahan modal.




                                                                       - 135 -
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PT INTILAND DEVELOPMENT Tbk                                                         PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2025 dan 2024                                                                December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                 (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                   Otherwise Stated)


    −   Seluruh pendapatan dari kerjasama ini termasuk                −    All revenue from this joint venture including
        tetapi tidak terbatas pada penjualan dan sewa                      but not limited to the sales and rent of
        unit-unit apartemen wajib disetorkan ke dalam                      apartment units must be deposited in the bank
        rekening penampungan yang akan dibuka oleh                         account of BKMB.
        BKMB.

    −   Berdasarkan nilai pemasukan dan kontribusi dari               −    Based on the participation and contribution
        THI dan GE, maka perbandingan besarnya hak-                        from THI and GE, the share in the rights and
        hak dan liabilitas-liabilitas masing-masing dalam                  obligations in BKMB is 50% for each party.
        BKMB disetujui dan ditetapkan sebesar 50%.

    −   BKMB ini didirikan terhitung sejak tanggal                    −    BKMB was established as of the date of
        penandatanganan Perjanjian Badan Pengurus                          signing of the Cooperation Board Agreement
        Kerjasama untuk jangka waktu yang tidak                            for an indefinite period of time.
        ditentukan lamanya.


50. Perkara Hukum                                                50. Litigation

   a.   PT Taman Harapan Indah (THI), entitas anak,                 a.     PT Taman Harapan Indah (THI), a subsidiary,
        mengajukan tiga (3) gugatan kepada pihak-pihak                     filed three (3) lawsuits against third parties,
        ketiga, yaitu:                                                     follows:

        1) Gugatan kepada Gubernur DKI Jakarta di                          1) Lawsuit against the Governor of DKI
           Pengadilan Tata Usaha Negara (PTUN)                                Jakarta at the Court of Tata Usaha Negara
           Jakarta dalam kaitannya dengan Keputusan                           (PTUN) Jakarta in connection with the
           Gubernur DKI Jakarta No. 1409 Tahun 2018                           Decree of the Governor of DKI Jakarta No.
           tanggal 6 September 2018 yang mencabut                             1409 Year 2018 dated September 6, 2018
           Surat Keputusan Gubernur DKI Jakarta                               which revoked the Decree of the Governor
           No. 2637 Tahun 2015 tanggal 30 November                            of DKI Jakarta No. 2637 Year 2015 dated
           2015 tentang Pemberian Izin Pelaksanaan                            November 30, 2015 concerning Granting
           Reklamasi     Pulau    H       kepada     THI                      of Permit for Pulau H Reclamation
           (Catatan 45.b). Sengketa ini terdaftar dengan                      Implementation to THI (Note 45.b). This
           No. 24/G/2019/PTUN Jakarta dan dalam                               dispute     is   registered    with   No.
           proses banding karena Gubernur DKI Jakarta                         24/G/2019/PTUN Jakarta and in the
           keberatan terhadap putusan PTUN Jakarta                            appeal process because of the Governor
           yang memenangkan gugatan THI.                                      of DKI Jakarta objected to the PTUN
                                                                              Jakarta’s decision which THI won the
                                                                              lawsuit.

           Banding telah diputus PTUN Jakarta pada                             The appeal has been decided by PTUN
           tanggal 2 Desember 2019 dalam nomor                                 Jakarta on December 2, 2019 in the
           putusan banding No. 268/B/2019/PTUN-JKT                             appeal          decision          number
           dengan putusannya, membatalkan putusan                              No. 268/B/2019/PTUN-JKT with its
           PTUN Jakarta No. 24/6/2019/PTUN tanggal                             decision, canceling the decision of PTUN
           9 Juli 2019.                                                        Jakarta No. 24/6/2019/PTUN on July 9,
                                                                               2019.

           Atas putusan tersebut, pada tanggal                                 In lieu of this decision, THI has filed
           23 Desember 2019, THI telah mengajukan                              another appeal to the Supreme Court on
           kasasi ke Mahkamah Agung. Hasil kasasi ini                          December 23, 2019. The Supreme Court
           diputuskan oleh Mahkamah Agung dengan                               issued       the       decision       letter
           surat putusan No. 227/K/TUN/2020 tanggal                            No. 227/K/TUN/2020 dated June 4, 2020
           4 Juni 2020 dengan putusannya menolak                               with the decision rejecting THI’s appeal.
           permohonan kasasi THI.




                                                       - 136 -
Page 449
PT INTILAND DEVELOPMENT Tbk                                              PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
31 Desember 2025 dan 2024                                                     December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                      (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                        Otherwise Stated)


          THI melalui kuasa hukumnya melakukan                     THI through its legal counsel took legal
          upaya     hukum     dengan    mengajukan                 action by submitting a Judicial Review
          Peninjauan Kembali (PK) atas Putusan MA                  (PK) of the Supreme Court’s Decision. The
          tersebut. Hasil PK ini diputuskan oleh                   result of this PK were decided by the
          Mahkamah Agung dengan surat putusan No.                  Supreme Court with a decision letter
          84/PK/TUN/2021 tanggal 19 Agustus 2021                   No. 84/PK/TUN/2021 dated August 19,
          dengan putusannya membatalkan hasil                      2021 with its decision cancelling the
          Putusan          Mahkamah           Agung                results of the Supreme Court’s Decision
          No. 227/K/TUN/2020 tanggal 4 Juni 2020 dan               No. 227/K/TUN/2020 dated June 4, 2020
          Keputusan     Gubernur     DKI     Jakarta               and the Decree of the Governor of DKI
          No. 1409 Tahun 2018 tanggal 6 September                  Jakarta No. 1409 Year 2018 dated
          2018 tentang pemberian izin pelaksanaan                  September 6, 2018 concerning the
          reklamasi Pulau H kepada THI.                            granting of permits for the reclamation of
                                                                   Pulau H to THI.

          Atas hasil putusan PK tersebut, manajemen                Based on the results of the PK decision,
          THI telah mengirimkan surat kepada                       THI management has sent a letter to the
          Gubernur DKI Jakarta pada tanggal                        Governor       of     DKI     Jakarta      on
          14 Desember 2021 meminta permohonan                      December 14, 2021 request for further
          arahan selanjutnya atas proses dan prosedur              directions on the processes and
          yang harus ditempuh terkait dengan                       procedures that must be followed in
          pelaksanaan reklamasi Pulau H. Manajemen                 relation to the implementation of the
          THI telah menerima tanggapan surat tersebut              reclamation of Pulau H. THI management
          dari Gubernur DKI Jakarta pada tanggal                   has received a response to the letter from
          8 Juni 2022 yang berisikan penegasan                     the Governor of DKI Jakarta on June 8,
          bahwa pada prinsipnya Pemerintah Provinsi                2022 which contains an affirmation that in
          DKI Jakarta taat hukum dan ketentuan                     principle the Provincial Government of DKI
          peraturan     perundang-undangan       serta             Jakarta obeys the law and the provisions
          menghormati     hasil    proses   peradilan              of laws and regulations and respect the
          termasuk Putusan Peninjauan Kembali                      results of the judicial process including the
          Mahkamah Agung Republik Indonesia                        Judicial Review Decision of the Supreme
          Nomor 84 PK/TUN/2021 tanggal 19 Agustus                  Court of the Republic of Indonesia
          2021.                                                    Number       84      PK/TUN/2021       dated
                                                                   August 19, 2021.

       2) Gugatan      kepada    Badan     Pertanahan           2) Lawsuit against Badan Pertanahan
          Nasional (BPN) terkait Surat Keputusan                   Nasional     (BPN)   regarding   Decree
          No.       1/PTT-HGB/KEM-ART/BPN/IV/2019                  No. 1/PTT-HGB/KEM-ART/BPN/IV/2019
          tanggal 22 April 2019 dari Kementrian Agraria            dated April 22, 2019 from the Agrarian
          yang menetapkan tanah milik THI di Tegal                 Ministry which established THI’s land in
          Ratu, Ciwandan dengan SHGB No. 17 dan                    Tegal Ratu, Ciwandan with SHGB No. 17
          luas tanah 68.028 m2 sebagai tanah                       and with total area of 68,028 square
          terlantar. PTUN Jakarta memenangkan                      meters, as an abandoned land. PTUN
          gugatan      THI    berdasarkan      Putusan             Jakarta won the THI lawsuit based on
          No. 159/G/2019/PTUN/JKT. Perkara ini                     Decision No. 159/G/2019/PTUN/JKT. This
          masih berlanjut oleh karena BPN melakukan                case is still ongoing because BPN has
          banding atas putusan tersebut dan saat ini               appealed the decision and is currently
          sedang dalam pemeriksaan di tingkat                      being investigated at the Supreme Court
          Mahkamah Agung. Adapun jumlah nilai tanah                level. The total dispute land value
          yang         dipersengketakan        sebesar             amounted to Rp 20,581,115,316.
          Rp 20.581.115.316.




                                                     - 137 -
Page 450
PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


        3) Gugatan kasasi kepada Kudun, Muryati, dan                   3) Lawsuit against Kudun, Muryati, and Mawi
           Mawi (ahli waris dari Hj. Alimah Suja alias                    (heirs of Hj. Alimah Suja as known as
           Alisma Sudja) (Tergugat) terkait putusan                       Alisma Sudja) (Defendant) regarding the
           Pengadilan      Tinggi      DKI      Jakarta                   decision of the DKI Jakarta High Court No.
           No. 244/Pdt/2021/PT DKI tanggal 30 Juli                        244/Pdt/2021/PT DKI dated July 30, 2021
           2021 yang menetapkan bahwa objek                               which stipulates that the object dispute
           sengketa berdasarkan SHM Nomor 02282                           based on SHM Number 02282 in the name
           atas nama Alisma Sudja adalah milik sah                        of Alisma Sudja is the legal property of the
           Tergugat. Bahwa perbuatan Penggugat yang                       Defendant. That the actions of the Plaintiff,
           telah menguasai tanah objek sengketa sejak                     who has controlled the land subject to
           tahun 1989, tanpa alas hak yang sah berupa                     dispute since 1989, without a legal basis in
           surat peralihan hak dari pemilik kepada                        the form of a letter of transfer of rights from
           Penggugat adalah perbuatan melawan                             the owner to the Plaintiff, is an unlawful
           hukum. Perkara sudah diputus pada tanggal                      act. The case was decided on November
           30 November 2022 dengan hasil putusannya                       30, 2022 with the result of the decision
           menolak permohonan kasasi Penggugat.                           rejecting the Plaintiff’s cassation request.
           Atas putusan kasasi tersebut, Penggugat                        Based on the cassation decision, the
           berencana mengajukan Peninjauan Kembali                        Plaintiff plans to submit a judicial review to
           ke Mahkamah Agung. Sampai dengan                               the Supreme Court. As of the completion
           tanggal penyelesaian laporan keuangan                          date of the consolidated financial
           konsolidasian, perkara tersebut masih dalam                    statements, the case is still in the process
           proses pengajuan Peninjauan Kembali.                           of submitting a judicial review. The total
           Adapun     jumlah     nilai   tanah    yang                    value of the dispute is Rp 15,600,000,000.
           dipersengketakan                    sebesar
           Rp 15.600.000.000.

   b.   Terkait perkara hukum yang berkaitan dengan              b.    Regarding the legal case related to the
        pengelolaan dan penggunaan dana investasi,                     management and use of investment funds,
        salah satu terpidana dalam kasus tersebut telah                one of the convicts in the case has been
        dijatuhi hukuman pidana tambahan berupa                        sentenced to additional criminal penalties in
        pembayaran uang pengganti pada 26 Februari                     the form of payment of compensation on
        2021. Namun, hingga batas waktu yang                           February 26, 2021. However, until the
        ditentukan,    pembayaran       tersebut   belum               specified deadline, the payment was not
        direalisasikan. Pada tahun 2023, Kejaksaan                     realized. In 2023, the Central Jakarta District
        Negeri Jakarta Pusat dan Pusat Pemulihan Aset                  Attorney’s Office and the Attorney General’s
        Kejaksaan Agung RI, secara keliru dan tanpa                    Office of the Republic of Indonesia’s Asset
        dasar hukum yang jelas melakukan sita eksekusi                 Recovery Center, wrongly and without a clear
        atas aset tanah milik PT Perkasalestari Utama                  legal basis, carried out an execution seizure of
        (PLU), entitas anak, yaitu 6 bidang tanah di Desa              land assets belonging to PT Perkasalestari
        Buaran – Pakuhaji seluas 25.590 m2 dan                         Utama (PLU), a subsidiary, totaling 6 plots of
        8 bidang tanah di Desa Kayu Agung – Sepatan                    land in Buaran Village – Pakuhaji covering an
        seluas 17.025 m2. Penyitaan ini didasarkan                     area of 25,590 m2 and 8 plots of land in Kayu
        pada anggapan bahwa tanah tersebut                             Agung Village – Sepatan covering 17,025 m2.
        merupakan bagian dari aset yang terkait dengan                 This arrangement is based on the assumption
        perkara tersebut. Namun, faktanya, PLU                         that the land is part of the assets related to the
        memperoleh tanah tersebut melalui transaksi                    case. However, in fact, PLU obtained the land
        jual beli dengan PT Permata Ratna Mulia (PRM)                  through a sale and purchase transaction with
        pada tahun 2010. PRM sendiri tidak memiliki                    PT Permata Ratna Mulia (PRM) in 2010. PRM
        keterkaitan, baik secara langsung maupun tidak                 itself has no connection, either directly or
        langsung, dengan pihak yang terlibat dalam                     indirectly, with the party involve in the case.
        perkara tersebut.




                                                       - 138 -
Page 451
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


        Atas dasar ini, PLU dan Perusahaan telah                     On this basis, PLU and the Company have
        mengajukan gugatan perbuatan melawan                         filed a lawsuit for unlawful acts which has been
        hukum, yang telah terdaftar dalam perkara                    registered in case number 12/Pdt.G/2024/PN
        nomor 12/Pdt.G/2024/PN di Pengadilan Negeri                  at the Central Jakarta District Court. The
        Jakarta Pusat. Hasil putusan dari Pengadilan                 decision of the Central Jakarta Disctrict Court
        Negeri Jakarta Pusat menyatakan menolak                      stated that it rejected PLU and the Company’s
        gugatan PLU dan Perusahaan. Atas putusan ini,                lawsuit. Regarding this decision, PLU and the
        PLU dan Perusahaan mengajukan banding dan                    Company filed an appeal and subsequently a
        kemudian kasasi. Sampai dengan tanggal                       cassation. As of the date of completion of the
        penyelesaian laporan keuangan konsolidasian,                 consolidated financial statements, the case is
        perkara tersebut masih menunggu dalam proses                 still pending cassation examination process at
        pemeriksaan kasasi di Mahkamah Agung.                        the Supreme Court.

        Potensi kerugian akibat perkara tersebut,                    The potential loss due to the case, based on
        berdasarkan estimasi nilai objek tanah yang                  the estimated value of the land object that was
        disita     secara      keliru,     mencapai                  wrongly          confiscated,          reached
        Rp 17.241.901.155.                                           Rp 17,241,901,155.

   c.   PT Raharja Mitra Familia (RMF), entitas anak,          c.    PT Raharja Mitra Familia (RMF), a subsidiary,
        menghadapi dua (2) gugatan dari pihak-pihak                  facing two (2) lawsuits from third parties,
        ketiga, yaitu:                                               follows:

        1) Gugatan dari pihak ketiga berdasarkan                      1) A lawsuit from a third party under case
           perkara No. 146/Pdt.G/2023/ PN.Jkt.Pst                        No. 146/Pdt.G/2023/PN.Jkt.Pst dated
           tanggal 1 Maret 2023 terkait sebidang tanah                   March 1, 2023, related to a plot of land
           seluas 1.103,66 m2 yang terletak di Kebon                     measuring 1,103.66 m2 located in Kebon
           Melati. Pada tanggal 16 November 2023                         Melati. On November 16, 2023, the District
           putusan Pengadilan Negeri menyatakan                          Court issued an interim rulling. The plaintiff
           putusan    sela.    Penggugat     kemudian                    then filed an appeal on December 12,
           melakukan      banding     pada     tanggal                   2023. On July 23, 2024, the High Court
           12 Desember 2023. Pada tanggal 23 Juli                        issued a decision upholding the District
           2024, Pengadilan Tinggi mengeluarkan                          Court’s interim rulling. The plaintiff
           putusan untuk menyetujui putusan sela                         subsequently filed a cassation on
           Pengadilan Negeri. Penggugat kemudian                         September 2, 2024 and the decision
           mengajukan       kasasi    pada     tanggal                   rejecting the cassation application was
           2 September 2024 dengan hasil putusannya                      rendered on October 9, 2025.
           permohonan kasasi ditolak pada tanggal
           9 Oktober 2025.

        2) Gugatan dari pihak ketiga berdasarkan                      2) A lawsuit from a third party based on case
           perkara No. 177/Pdt.G/2023/ PN.Jkt.Pst                        No. 177/Pdt. G/2023/PN.Jkt.Pst dated
           tanggal 19 Maret 2024 terkait sebidang tanah                  March 19, 2024, related to a plot of land
           seluas 29.855 m2 yang terletak di Kebon                       measuring 29,855 m2 located in Kebon
           Melati yang tidak dimiliki seluruhnya oleh                    Melati that is not fully owned by RMF. The
           RMF. Penggugat meminta sita jaminan                           plaintiff is requesting a lien on the land. On
           terhadap tanah tersebut. Pada tanggal                         November 21, 2024, the District Court
           21 November 2024, Pengadilan Negeri                           granted the request for a lien on
           mengabulkan permintaan sita jaminan untuk                     17,510 m2 of land, that is not owned by
           tanah seluas 17.510 m2 yang bukan                             RMF.
           merupakan milik RMF.

           Banding telah diputus Pengadilan Tinggi                       The appeal has been decided by High
           Jakarta pada tanggal 26 Mei 2025 dalam                        Court Jakarta on May 26, 2025 in the
           nomor            putusan          banding                     appeal           decision          number
           No.    565/PDT/2025/PT      DKI   dengan                      No. 565/PDT/2025/PT DKI with its
           putusannya,      membatalkan      putusan                     decision, canceling Central Jakarta District
           Pengadilan     Negeri     Jakarta   Pusat                     Court                             decision
           No.              177/Pdt.G/2023/PN.Jkt.Pst                    No. 177/Pdt.G/2023/PN.Jkt.Pst dated
           tanggal 19 Maret 2024 dan membatalkan sita                    March 19, 2024 and canceling the lien on
           jaminan.                                                      the land.




                                                     - 139 -
Page 452
PT INTILAND DEVELOPMENT Tbk                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2025 dan 2024                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                             Otherwise Stated)


           Penggugat kemudian mengajukan kasasi                          The plaintiff subsequently filed a cassation
           pada tanggal 18 Juni 2025 dengan hasil                        on June 18, 2025, and the cassation
           putusan kasasi Nomor 4673 K/PDT/2025                          decision Number 4673 K/PDT/2025 dated
           tertanggal 12 November 2025 menguatkan                        November 12, 2025, upheld High Court
           Putusan Pengadilan Tinggi Jakarta dan telah                   Jakarta Decision and has obtained
           berkekuatan hukum tetap.                                      permanent legal force.

   d.   PT Intiland Grande (IG), entitas anak,                 d.    PT Intiland Grande (IG), a subsidiary, filed a
        mengajukan gugatan perbuatan melawan                         claim for an unlawful act against third parties in
        hukum kepada pihak-pihak ketiga, dalam                       Civil Case No. 196/Pdt.G/2024/PN.Sby at the
        Perkara Perdata No. 196/Pdt.G/2024/PN.Sby di                 Surabaya District Court on February 15, 2024,
        Pengadilan Negeri Surabaya pada tanggal                      in connection with a dispute over the
        15 Februari 2024 terkait dengan sengketa                     ownership of 10 (ten) parcels of land that are
        kepemilikan atas 10 (sepuluh) bidang tanah yang              certified under Building Use Rights Certificates
        telah bersertifikat dalam bentuk Sertifikat Hak              (SHGB), with a total area of approximately
        Guna Bangunan (SHGB) dengan jumlah seluas                    48,704 m2, located in Surabaya. On
        kurang lebih 48.704 m2 yang terletak di                      December 10, 2024, the Surabaya District
        Surabaya. Pada tanggal 10 Desember 2024,                     Court rendered a decision declaring that it
        Pengadilan Negeri Surabaya memutuskan dan                    does not have the authority to examine and
        menyatakan Pengadilan Negeri Surabaya tidak                  adjudicate the case.
        berwenang memeriksa dan mengadili perkara
        ini.

        Pada tanggal 23 Desember 2024, IG kemudian                   On December 23, 2024, IG subsequently filed
        mengajukan       Permohonan     Banding     ke               an appeal with the Surabaya High Court, which
        Pengadilan Tinggi Surabaya dengan hasil                      resulted in a decision overturning the
        keputusannya         membatalkan      Putusan                Surabaya        District    Court       Decision
        Pengadilan            Negeri         Surabaya                No. 196/Pdt.G/2024/PN.Sby and ordering the
        No.         196/Pdt.G/2024/PN.Sby         dan                Surabaya District Court to examine the merits
        memerintahkan Pengadilan Negeri Surabaya                     of the case. Subsequently, on July 23, 2025,
        untuk melakukan pemeriksaan pokok perkara.                   the Surabaya High Court issued a final
        Kemudian pada tanggal 23 Juli 2025, Pengadilan               appellate decision, declaring that the
        Tinggi Surabaya mengeluarkan putusan akhir                   Defendant had committed an unlawful act
        pada Tingkat Banding yang menyatakan bahwa                   against the Plaintiff and that the Plaintiff is the
        Tergugat telah melakukan perbuatan melawan                   lawful owner of 10 (ten) parcels of land with a
        hukum terhadap Penggugat dan bahwa                           total area of approximately 48,704 m2, located
        Penggugat adalah pemilik sah atas 10 (sepuluh)               in Surabaya.
        bidang tanah seluas kurang lebih 48.704 m2
        yang terletak di Surabaya.

        Terhadap Putusan Pengadilan Tinggi Surabaya                  With respect to the Surabaya High Court
        No. 69/PDT/2025/PT.Sby tertanggal 23 Juli                    Decision No. 69/PDT/2025/PT.Sby dated
        2025, Tergugat mengajukan Permohonan                         July 23, 2025, the Defendant filed a petition for
        Kasasi terhadap Putusan Pengadilan Tinggi                    cassation against the Surabaya High Court
        Surabaya dan diikuti dengan menyerahkan                      decision, followed by the submission of the
        Memori Kasasi pada tanggal 20 Agustus 2025.                  Cassation Memodandum on August 20, 2025.
        Sampai dengan tanggal penyelesaian laporan                   As of the date of completion of the
        keuangan konsolidasian, Mahkamah Agung                       consolidated     financial    statements,    the
        Republik Indonesia belum memberitahukan hasil                Supreme Court of the Republic of Indonesia
        Putusan Tingkat Kasasi kepada para pihak.                    has not yet notified the parties of the outcome
                                                                     of the cassation decision.




                                                     - 140 -
Page 453
PT INTILAND DEVELOPMENT Tbk                                                                PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                     AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2025 dan 2024                                                                       December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                        (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                          Otherwise Stated)


51. Reklasifikasi Akun                                                   51. Reclassification of Accounts

    Beberapa     akun    dalam    laporan      keuangan                       Certain accounts in the 2024 consolidated financial
    konsolidasian tahun 2024 telah direklasifikasi agar                       statements have been reclassified to conform with
    sesuai dengan penyajian laporan keuangan                                  the 2025 consolidated financial statement
    konsolidasian tahun 2025, sebagai berikut:                                presentation. A summary of such accounts is as
                                                                              follows:

                                        31 Desember 2024/December 31, 2024
                                           Sesudah                    Sebelum
                                       Reklasifikasi/After       Reklasifikasi/Before
                                        Reclassification           Reclassification


    Laporan posisi keuangan                                                               Consolidated statement of
      konsolidasian                                                                         financial position

      Aset lancar                                                                           Current assets
        Kas dan deposito yang
          dibatasi penggunaannya        290.779.797.975                               -       Restricted cash and time deposits
        Aset keuangan lainnya                              -        290.779.797.975           Other financial assets


      Aset tidak lancar                                                                     Noncurrent assets
        Kas dan deposito yang
          dibatasi penggunaannya         59.455.674.705                               -       Restricted cash and time deposits
        Aset keuangan lainnya                              -         59.455.674.705           Other financial assets


      Liabilitas jangka pendek                                                              Current liabilities
        Pinjaman dari pihak ketiga       26.817.072.140                               -       Loans from third parties
        Utang lain-lain                  23.793.924.402              50.610.996.542           Other accounts payable


      Liabilitas jangka panjang                                                             Noncurrent liabilities
        Pinjaman dari pihak ketiga       62.387.705.683                               -       Loans from third parties
        Utang lain-lain                 325.749.268.023             388.136.973.706           Other accounts payable



    Reklasifikasi diatas tidak mempengaruhi laporan laba                      The above reclassifications did not affect
    rugi dan penghasilan komprehensif lain konsolidasian                      the 2025 consolidated statement of profit or loss
    Grup tahun 2025.                                                          and other comprehensive income of the Group.




                                                               - 141 -
Page 454
PT INTILAND DEVELOPMENT Tbk                                                                   PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                        AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                            For the Years Ended
31 Desember 2025 dan 2024                                                                          December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                           (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                             Otherwise Stated)


52. Pengungkapan Tambahan Laporan Arus Kas                                52. Supplemental Disclosures on Consolidated
    Konsolidasian                                                             Statements of Cash Flows

   Aktivitas investasi dan pendanaan yang tidak                                The following are the noncash investing and
   mempengaruhi kas dan setara kas:                                            financing activities of the Group:

                                                         2025                2024

                                                                                           Reclassification of inventories to
   Reklasifikasi persediaan ke aset tetap           245.018.948.009                    -     property and equipment
                                                                                           Reclassification of inventories to
   Reklasifikasi persediaan ke properti investasi    17.656.796.262       54.917.221.104     investment properties
   Reklasifikasi properti investasi ke                                                     Reclassification of investment properties to
     persediaan                                       7.693.098.809                    -     inventories
   Reklasifikasi uang muka investasi ke                                                    Reclassification of advances for
     investasi                                        3.870.000.000                    -     stock investments to investments
   Reklasifikasi properti investasi ke                                                     Reclassification of investment properties to
     tanah belum dikembangkan                          826.844.498        59.305.436.529     land for development
   Penambahan aset tetap melalui                                                           Acquisition of property and equipment through
     utang pembiayaan konsumen                         643.100.000          218.387.487      consumer finance payables
   Reklasifikasi aset tetap ke                                                             Reclassification of property and equipment to
     persediaan                                        128.601.821                     -     inventories
   Konversi utang lain-lain menjadi                                                        Conversion of other payable into
     uang muka investasi entitas anak                             -        3.953.700.000     advances for investment in subsidiary
   Reklasifikasi properti investasi ke                                                     Reclassification of investment properties to
     aset tetap                                                   -        2.054.674.618     property and equipment



53. Rekonsiliasi Liabilitas Konsolidasian                  yang           53. Reconciliation of Consolidation                  Liabilities
    Timbul dari Aktivitas Pendanaan                                           Arising from Financing Activities

   Tabel di bawah ini menjelaskan perubahan dalam                              The table below details changes in the Group’s
   liabilitas konsolidasian Grup yang timbul dari aktivitas                    consolidation liabilities arising from financing
   pendanaan, yang meliputi perubahan terkait kas dan                          activities, including both cash and non-cash
   non-kas pada tanggal 31 Desember 2025 dan 2024.                             changes as of December 31, 2025 and 2024.
   Liabilitas yang timbul dari aktivitas pendanaan adalah                      Liabilities arising from financing activities are those
   aktivitas arus kas, atau arus kas masa depan, yang                          for which cash flows were, or future cash flows will
   diklasifikasikan dalam laporan arus kas konsolidasian                       be, classified in the Group’s consolidated
   Grup sebagai arus kas dari aktivitas pendanaan.                             statement of cash flows as cash flows from
                                                                               financing activities.




                                                                - 142 -
Page 455
PT INTILAND DEVELOPMENT Tbk                                                                                                                        PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                                             AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                                 For the Years Ended
31 Desember 2025 dan 2024                                                                                                                               December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                                                                                                (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                                                                                                  Otherwise Stated)


                                                                                                                 Perubahan Non Kas/
                                                                                                                 Non-Cash Changes
                                                                                                                            Pembelian aset tetap
                                                                                                                                melalui utang
                                                                                                                                pembiayaan
                                                                                                         Amortisasi              konsumen/
                                                                                                      biaya transaksi/     Acquisition of property
                                                                     Arus Kas Pendanaan/              Amortization of      and equipment through
                                             1 Januari 2025/         Financing Cash Flows            transaction costs       consumer finance          31 Desember 2025/
                                             January 1, 2025                   *)                            **)                  payables             December 31, 2025

   Utang bank jangka pendek                  1.045.556.048.076            (279.341.142.156)               317.864.447                        -             766.532.770.367   Short-term bank loans
   Pinjaman dari pihak ketiga                   89.204.777.823             118.546.728.908                          -                        -             207.751.506.731   Loans from third parties
   Pinjaman jangka panjang                   2.690.630.688.452              33.562.869.676           (409.984.884.541)                       -           2.314.208.673.587   Long-term bank loans
   Utang sukuk ijarah                          372.556.207.453            (375.000.000.000)             2.443.792.547                        -                           -   Sukuk ijarah payables
   Utang pembiayaan konsumen                       281.428.469                (318.933.821)                         -              643.100.000                 605.594.648   Consumer finance payables
   Jumlah liabilitas dari aktivitas                                                                                                                                          Total liabilitas from
     pendanaan                               4.198.229.150.273            (502.550.477.393)          (407.223.227.547)             643.100.000           3.289.098.545.333     financing activities

   *)    Arus kas dari utang bank jangka pendek, pinjaman dari pihak ketiga, dan pinjaman jangka panjang merupakan jumlah bersih dari penerimaan dan pembayaran
         pinjaman dalam laporan arus kas konsolidasian./
         The cash flows from short-term bank loans, loan from third parties, and long-term bank loans represent the net amount of proceeds and payments of
         borrowings in the consolidated statements of cash flows.
   **)   Merupakan amortisasi biaya transaksi dan dampak restrukturisasi utang bank./
         Represent the amortization of transaction cost and the impact of bank loan restructuring.


                                                                                                                          Perubahan Non Kas/
                                                                                                                          Non-Cash Changes
                                                                                                                          Pembelian aset tetap
                                                                                                                              melalui utang
                                                                                                                              pembiayaan               Konversi utang
                                                                                                     Amortisasi                konsumen/              lain-lain menjadi
                                                                                                  biaya transaksi/       Acquisition of property            modal/
                                                                     Arus Kas Pendanaan/           Amortization of       and equipment through       Conversion of other
                                             1 Januari 2024/         Financing Cash Flows        transaction costs         consumer finance             payable into         31 Desember 2024/
                                             January 1, 2024                   *)                        **)                    payables               paid-in capital       December 31, 2024

   Utang bank jangka pendek                  1.248.879.609.582           (204.862.188.987)          1.538.627.481                           -                         -       1.045.556.048.076   Short-term bank loans
   Pinjaman dari pihak ketiga                  120.135.910.183            (30.245.467.244)          3.268.034.884                           -            (3.953.700.000)         89.204.777.823   Loans from third parties
   Pinjaman jangka panjang                   2.983.528.065.883              7.741.632.509        (300.639.009.940)                          -                         -       2.690.630.688.452   Long-term bank loans
   Utang sukuk ijarah                          492.850.604.774           (125.000.000.000)          4.705.602.679                           -                         -         372.556.207.453   Sukuk ijarah payables
   Utang pembiayaan konsumen                       191.867.892               (128.826.910)                      -                 218.387.487                         -             281.428.469   Consumer finance payables
   Jumlah liabilitas dari aktivitas                                                                                                                                                               Total liabilitas from
     pendanaan                               4.845.586.058.314           (352.494.850.632)       (291.126.744.896)                218.387.487            (3.953.700.000)      4.198.229.150.273     financing activities


   *)    Arus kas dari utang bank jangka pendek, pinjaman dari pihak ketiga, dan pinjaman jangka panjang merupakan jumlah bersih dari penerimaan dan pembayaran pinjaman
         dalam laporan arus kas konsolidasian./
         The cash flows from short-term bank loans, loans from third parties, and long-term bank loans represent the net amount of proceeds and payments of borrowings
         in the consolidated statements of cash flows.
   **) Merupakan amortisasi biaya transaksi dan dampak restrukturisasi utang bank./
       Represent the amortization of transaction cost and the impact of bank loan restructuring.




                                                                                                           - 143 -
Page 456
PT INTILAND DEVELOPMENT Tbk                                                     PT INTILAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2025 dan 2024                                                            December 31, 2025 and 2024
(Angka-angka Disajikan dalam Rupiah, kecuali                             (Figures are presented in Rupiah, unless
Dinyatakan Lain)                                                                               Otherwise Stated)


54. Perubahan    Pernyataan     Standar     Akuntansi         54. Changes to the Statements of Financial
    Keuangan                                                      Accounting Standards

   Diterapkan pada tahun 2025                                    Adopted during 2025

   Penerapan amendemen PSAK No. 221, "Pengaruh                   The implementation of amendments to PSAK
   Perubahan Kurs Valuta Asing" terkait kondisi ketika           No. 221, "The Effect of Changes in Foreign
   suatu mata uang tidak tertukarkan, yang berlaku               Exchange Rates" regarding to conditions when a
   efektif 1 Januari 2025 dan relevan bagi Grup, tidak           currency is not exchangeable, which is effective
   menyebabkan perubahan material terhadap jumlah-               from January 1, 2025 and relevant for the Group,
   jumlah yang dilaporkan dalam laporan keuangan                 had no material impact on the amounts reported in
   konsolidasian.                                                the consolidated financial statements.

   Telah diterbitkan namun belum berlaku efektif                 Issued but not yet effective

   Standar baru dan amendemen standar akuntansi                  The new standards and amendments to financial
   keuangan yang telah diterbitkan yang bersifat wajib           accounting standards issued that are mandatory
   untuk tahun buku yang dimulai pada atau setelah:              for the financial year beginning or after:

   1 Januari 2026                                                January 1, 2026

    −   Amandemen PSAK No. 109, “Instrumen                        −    Amendment to PSAK No. 109, “Financial
        Keuangan” dan PSAK No. 107, “Instrumen                         Instruments” and PSAK No. 107, “Financial
        Keuangan: Pengungkapan” tentang klasifikasi                    Instrument: Disclosure” about classification
        dan pengukuran instrumen keuangan                              and measurement of financial instruments.

    −   Amandemen PSAK No. 107, “Instrumen                        −    Amendment of PSAK No. 107, “Financial
        Keuangan: Pengungkapan” - Keuntungan atau                      Instrument: Disclosure” - Gain or Loss on
        Kerugian pada Penghentian Pengakuan                            Derecognition

    −   Amandemen Panduan Implementasi PSAK                       −    Amendment to Guidance on Implementing
        No. 107, “Instrumen Keuangan: Pengungkapan”                    PSAK No. 107, “Financial Instruments:
        - Pendahuluan; Pengungkapan Risiko Kredit;                     Disclosures” - Introduction; Credit Risk
        dan Pengungkapan Perbedaan Tertunda antara                     Disclosures; and Disclosure of Deferred
        Nilai Wajar dan Harga Transaksi                                Difference between Fair Value and
                                                                       Transaction Price

    −   Amandemen PSAK No. 109, “Instrumen                        −    Amendment of PSAK No. 109, “Financial
        Keuangan” - Klasifikasi dan Pengukuran                         Instrument” - Classification and Measurement
        Instrumen Keuangan - Penghentian Pengakuan                     of Financial Instruments - Derecognition of
        Kewajiban Sewa; dan Harga Transaksi                            Lease Liabilities; and Transaction Price

    −   Amandemen PSAK No. 207, “Laporan Arus Kas”                −    Amendment of PSAK No. 207, “Statement of
        - Metode Biaya                                                 Cash Flows” - Cost Method

   1 Januari 2027                                                January 1, 2027

    −   PSAK No. 118, ”Penyajian dan Pengungkapan                 −    PSAK No. 118, “Presentation and Disclosures
        dalam Laporan Keuangan”                                        in Financial Statements”

   Sampai dengan tanggal penerbitan laporan                      As at the authorization date of these consolidated
   keuangan konsolidasian, Grup masih mempelajari                financial statements, the Group is still evaluating
   dampak yang mungkin timbul dari penerapan standar             the potential impact from the implementation of the
   baru dan amandemen terhadap laporan keuangan                  new standards and amendments on the Group’s
   konsolidasian Grup.                                           consolidated financial statements.


                                                    *******


                                                    - 144 -
Page 457

          
Page 458
PT Intiland Development Tbk
Intiland Tower, Penthouse Floor
Jl. Jendral Sudirman 32
Jakarta 10220.
email: info@intiland.com
phone: +62 21 570 1912 / 570 8808
www.intiland.com

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Names mentioned 252 people and organisations named in the text · linked when the evidence is strong

linked org Intiland Development Tbk p.2 ×528
linked person Utama Gondokusumo p.48 ×18
linked org Pemerintah Kabupaten p.69
linked person Atik Susanto · Member p.79
linked person Fransiscus Alip · Member p.79
linked org Citra Borneo Utama Tbk p.86 ×5
linked org PT BNI Sekuritas p.88 ×3
linked org Medikaloka Hermina Tbk p.88 ×7
linked org Duta Intidaya Tbk p.88 ×5
linked org BFI Finance Indonesia Tbk p.89 ×2
linked org Sarana Menara Nusantara Tbk p.90
linked org WIR Asia Tbk p.91 ×5
linked org Cisarua Mountain Dairy Tbk p.91 ×4
linked org Unilever Indonesia Tbk p.91 ×4
linked org PT Bina Yatra Sentosa p.98 ×7
linked person Drs. Lo Kheng Hong p.98
linked org Dana Pensiun p.101
linked org PT CGS International p.103 ×2
linked org Anugrah Semesta p.105
linked org Wahana Nusantara p.105
linked org Sinar Cemerlang p.105
possible org Otoritas Jasa Keuangan p.7 ×11
possible — Morgan Stanley p.60 ×2
possible org Bursa Efek Indonesia p.64
possible person Hendro Hendro S. Gondokusumo · Presiden Direktur p.67 ×27
possible org Bank Central Central Asia Tbk. p.67 ×2
possible org Negara Republik Indonesia p.85
possible org Indosat Tbk p.90 ×6
possible org Krakatau Steel Tbk p.90 ×5
possible org Multipolar Tbk p.91 ×3
possible person Alexander Alexander S. Rusli p.93
possible person Dr. Sofyan Sofyan A. Djalil · Komisaris Utama p.93
possible org Panin Sekuritas p.98 ×2
possible person Gatot Subroto p.106
possible person Hendro p.208
unresolved org PT Intiland p.6 ×23
unresolved org Development Tbk p.6 ×20
unresolved org PT Intiwhiz International p.20 ×6
unresolved org Pemerintah Kota Surabaya p.21
unresolved person Friso Palilingan Bapak Alexander S. Rusli · Commissioner p.33 ×29
unresolved person Ping Handayani Hanli · Komisaris p.34 ×36
unresolved — tahun 2025 dengan hasil cukup baik. p.37
unresolved — pertumbuhan dan stabilitas p.37
unresolved org Pusat Statistik p.41
unresolved org Bank Indonesia p.43 ×4
unresolved org Bank Indonesia Penyaluran Kredit Properti p.43
unresolved org PT Intiland Alfa Rendita p.44 ×3
unresolved org Manajemen Management Report Sinarto Dharmawan · Wakil Komisaris Utama p.48
unresolved — Vice Friso Palilingan · Komisaris Independen p.48
unresolved — Independent Alexander S. Rusli · Komisaris Independen p.48
unresolved person Gondokusumo · Vice President Director p.48 ×9
unresolved person Novita p.48 ×2
unresolved — Anggriani · Director p.48 ×2
unresolved person Simon Joseph Wirawan · Director p.48 ×3
unresolved person Jahja Bapak Jahja Asikin p.48 ×21
unresolved person Perry Yoranouw p.48 ×7
unresolved person Yoranouw p.48
unresolved person Permadi Indra Yoga p.48 ×7
unresolved org Kementerian Perumahan dan Kawasan Permukiman. p.50
unresolved org Ministry of Housing and Settlement Areas. p.50
unresolved person Vice · President Director p.52 ×2
unresolved org Minister of Justice p.56
unresolved org Menteri Kehakiman Nomor W p.58
unresolved org Minister of Justice Number W p.58
unresolved org PT Wisma Dharmala Wisma Dharmala Sakti p.58
unresolved org Bank Indonesia Housing. Another p.59
unresolved org Bank Indonesia Housing. Langkah p.59
unresolved org Dharmala Intiland Tbk p.59 ×11
unresolved org Asia Majalah Asia Inc. p.60
unresolved org Deed Intiland Development Tbk p.60
unresolved org PT Wisma Dharmala Sakti p.64 ×2
unresolved org PT Intiwhiz p.65
unresolved org PT Intiwhiz International. International. p.65
unresolved org PT Intiland Infinita p.66
unresolved org PT Inti Algoritma p.66
unresolved org PT Inti Algoritma Perdana p.66 ×2
unresolved org Reco Kris Pte Ltd p.66
unresolved org Kris Pte Ltd p.66
unresolved org Indonesia (Persero) Tbk p.67 ×2
unresolved org Asia Tbk. p.67
unresolved org PT Menara Prambanan p.67
unresolved org Reco Kris Private Limited p.67
unresolved org PT Segajung p.68 ×2
unresolved org PT Jateng Industri p.68
unresolved org PT Jateng Industri Intiland. Intiland. p.68
unresolved org PT Inti Mitbana Development. p.68 ×2
unresolved org Kota Nusantara p.69
unresolved person Joko p.69 ×2
unresolved org Pemerintah Kabupaten Pacitan p.69
unresolved person A. Denny Atmodjojo · Member p.79
unresolved org PT Intiland Professional Experience p.81 ×3
unresolved org PT Sakura Sekuritas p.81 ×2
unresolved org PT Dharmala p.81 ×5
unresolved org PT Graha Adikarsa p.82 ×2
unresolved org PT Colliers Jardine Indonesia p.83
unresolved org PT Colliers Jardine Indonesia Dasar p.83
unresolved org PT Grande p.84
unresolved org PT Grande Family View p.84 ×2
unresolved org Dharmala Intiland Dharmala Intiland Tbk p.84 ×2
unresolved org PT Sinar Puspa p.84
unresolved org PT Sinar Puspa Persada p.84
unresolved org PT Harissma Agung Jaya p.84
unresolved org PT Harissma Agung Jaya Dasar p.84
unresolved org Menteri Agraria dan Tata Ruang p.85
unresolved org Minister of Agrarian Affairs p.85
unresolved org Pertanahan Nasional Republik p.85
unresolved org Minister of National Development Pembangunan p.85
unresolved org Menteri Koordinator Bidang p.85
unresolved org Menteri Badan Usaha Milik Negara p.85
unresolved org Minister of State-Owned Republik Indonesia p.85
unresolved org Menteri Komunikasi p.85
unresolved org Minister of Communication p.85
unresolved org Menteri p.85
unresolved org PT Indika Nature p.86 ×2
unresolved org PT Pintar Group p.86 ×2
unresolved org Aneka Kimia Raya Tbk p.86 ×4
unresolved org PT Austindo Nusantara p.86
unresolved org PT Austindo Jaya p.86
unresolved org PT Intiland Grande p.87 ×5
unresolved org PT Dharmala Land p.87 ×7
unresolved org PT Way Halim Halim Permai p.87
unresolved org PT Mitra Ananda p.88
unresolved org PT Mitra Ananda Professional Experience p.88
unresolved org PT Provident Investasi p.88
unresolved org Provident Bersama Tbk p.88 ×2
unresolved org Investasi Bersama Tbk p.88
unresolved org PT Cisarua Mountain p.88
unresolved org Cisarua Dairy Tbk p.88 ×2
unresolved org Mountain Dairy Tbk p.88
unresolved org PT Asahimas Flat p.88
unresolved org Asahimas Glass Tbk p.88 ×2
unresolved org Flat Glass Tbk p.88
unresolved org PT Medikaloka p.88
unresolved org Hermina Tbk p.88
unresolved org Tanubrata Sutanto p.88
unresolved org Partner KAP Tanubrata Sutanto Fahmi & Rekan p.88
unresolved org Tanubrata Sutanto Fahmi p.88
unresolved org Fahmi & Partners p.88
unresolved org BDO International Limited p.88
unresolved org Abubakar Usman p.88 ×2
unresolved org Supervisor KAP Abubakar Usman & Rekan p.88
unresolved org PT Kiat Ananda Cold p.89
unresolved org PT Kiat Storage p.89
unresolved org PT Manggala Kiat p.89
unresolved org PT Manggala Ananda p.89
unresolved org PT Ananda p.89
unresolved org PT Ananda Solusindo p.89
unresolved org PT BFI Finance p.89
unresolved org Paul p.89
unresolved org Paul Hadiwinata p.89
unresolved org Palilingan & Rekan p.89
unresolved org PKF International Limited p.89 ×2
unresolved org Link Tbk p.90 ×2
unresolved org Net Tbk p.90
unresolved org Menteri Keuangan p.90
unresolved org Ministry of Republic of Indonesia p.90
unresolved org PT Sarana p.90
unresolved org Menara Nusantara Tbk p.90 ×2
unresolved org Tugu Pratama Indonesia Tbk p.90 ×2
unresolved org PT Northstar p.90
unresolved org PT Northstar Pacific Capital p.90
unresolved org PT Geodipa p.90
unresolved org PT Kertas Kraft Aceh p.90 ×2
unresolved org Kementerian p.90
unresolved org Minister of Usaha Milik Negara p.90
unresolved org Ministry of State-Owned Enterprises Republic of Indonesia p.90
unresolved org Kementerian Komunikasi p.90
unresolved org Ministry of Communication and Informatics Republic of Indonesia p.90
unresolved org PT ARES p.91
unresolved org PT ARES Management Asia Indonesia p.91
unresolved org PT Inclusive Finance p.91
unresolved org PT Inclusive Finance Group p.91
unresolved org PT Sumitomo p.91
unresolved org PT Sumitomo Indonesia p.91
unresolved org PT Digi Asia Bios p.91 ×2
unresolved person Dr. Sofyan A. Djalil Alexander S. Rusli Novita · Komisaris Utama p.92 ×87
unresolved person Independensi · Komisaris p.92
unresolved person Independence Statement · Komisaris p.92
unresolved org Financial Services Authority p.93 ×4
unresolved person Archied p.93
unresolved person Archied Noto Pradono Noto Pradono · Direktur Utama p.93 ×9
unresolved — Vice Gondokusumo · Wakil Direktur Utama p.93
unresolved person Simon p.93
unresolved org Total Shares CGS International Securities Singapore Pte Ltd p.98
unresolved org Pte Ltd p.98 ×2
unresolved org PT Panin Sekuritas Total p.98
unresolved org PT Panin Sekuritas. Kepemilikan Saham Langsung p.98
unresolved — Annual Report 2025 p.99
unresolved org PT Graha Intan p.103
unresolved org Mandiri Pte Ltd p.103
unresolved org PT Intiland Esperto p.104
unresolved org PT Inti Gria Persada p.104
unresolved org PT Mutiara Raga Indah p.104
unresolved org PT Inti Gria Perdana p.104
unresolved org PT Intisarana Ekaraya p.104
unresolved org PT Inti Gria Perkasa p.104
unresolved org PT Sinar Puspapresada p.104
unresolved org PT Inti Gria Perwira p.104
unresolved org PT Abadi Citra Lestari p.104
unresolved org PT Inti Gria Palamarta p.104
unresolved org PT Putra Sinar Permai p.104
unresolved org PT Inti Gria Pramudya p.104
unresolved org PT Vida Livetta Peninsula p.104
unresolved org PT Gandaria Permai p.104
unresolved org PT Selasih Safar p.104
unresolved org PT Gandaria Prima p.104
unresolved org PT Mahkota Kemayoran Realty p.104
unresolved org PT Gandaria Mulia p.104
unresolved org PT Gandaria Sakti p.104
unresolved org PT Perkasalestari Utama p.104
unresolved org PT Perkasalestari Permai p.104
unresolved org PT Wirasejati Binapersada p.104
unresolved org PT Intiland Alfa Renata p.105
unresolved org PT Primasentosa Ganda p.105
unresolved org PT Grande Imperial p.105
unresolved org PT Inti Arunika Persada p.105
unresolved org PT Kinerja Lancar Serasi p.105
unresolved org PT Melati Anugrah Semesta p.105
unresolved org PT Purisentosa Unggul p.105
unresolved org PT Adiwarna Harapan Nusantara p.105
unresolved org PT Melati Impian Bangsa p.105
unresolved org PT Melati Wahana Nusantara p.105
unresolved org PT Sinar Cemerlang Gemilang p.105
unresolved org PT Raharja Mitra Familia p.105
unresolved org PT Intiland Sejahtera p.105
unresolved org PT Kawasan Industri Intiland p.105
unresolved org PT Inti Pramana Vista p.105
unresolved org PT Graha Inti Boga p.105
unresolved org PT Kawasan Jombang p.105
unresolved org PT Kawasan Ploso p.105
unresolved org PT Buana Bejana p.105
unresolved org PT Jateng Industri Intiland p.105
unresolved org PT Puri Pariwara p.105
unresolved org PT Kawasan Industri Jombang p.105
unresolved org PT Graha Abdael Sukses p.105
unresolved person KH Syafei p.106
unresolved org Kerjasama Mutiara p.106
unresolved org Mirawati Sensi Idris p.110 ×2
unresolved org Moore Global Network Limited p.110 ×2
unresolved person Ahmad p.110 ×2
unresolved — Syakir · Akuntan Publik p.110
unresolved person Moedjianto Soesilo Tjahjono p.216 ×2
unresolved person Novita Anggriani B Accepting · Direktur p.216 ×10
unresolved person Sinarto Dharmawan Vice · Wakil Komisaris Utama p.216 ×29
unresolved person Thio Gwan Po Micky Independent p.216 ×21
unresolved person Hendro Santoso Gondokusumo Vice p.216 ×5
unresolved person Suhendro Prabowo Vice p.216 ×19
unresolved person Novita Anggriani B Pelaksanaan p.216

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