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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
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SANGKALAN DAN BATASAN TANGGUNG JAWAB: DISCLAIMER:
Laporan ini berisi pernyataan-pernyataan yang dapat dianggap sebagai pandangan This report contains certain statements that may be considered “forward-looking
masa depan (forward looking statements) sehingga hasil-hasil nyata Perseroan, statements”, the Company’s actual results, performance or achievements
pelaksanaan atau pencapaian-pencapaiannya dapat berbeda dari hasil yang could differ materially from those projected in the forward-looking statements
diperoleh melalui pandangan masa depan (forward looking statements) yang as a result, among other factors, of changes in general, national or regional
antara lain merupakan hasil dari perubahan-perubahan ekonomi dan politik baik economic and political conditions, changes in foreign exchange rates, changes
nasional maupun regional, perubahan nilai tukar valuta asing, perubahan harga dan in the prices and supply and demand on the commodity markets, changes in
permintaan dan penawaran pasar komoditas, perubahan kompetisi perusahaan, the size and nature of the Company’s competition, changes in legislation or
perubahan undang-undang atau peraturan dan prinsip-prinsip akuntansi, kebijakan- regulations and accounting principles, policies and guidelines and changes
kebijakan dan pedoman-pedoman serta perubahan-perubahan asumsi-asumsi yang in the assumptions used in making such forward-looking statements.
digunakan dalam membuat pandangan masa depan (forward looking statements).
THIS ANNUAL REPORT WILL USE THE NAME “BNBR “ OR “COMPANY” AS REFERENCE
DALAM LAPORAN TAHUNAN INI NAMA PERUSAHAAN PT BAKRIE & OF PERUSAHAAN OR PERSEROAN (PERSERO) PT BAKRIE & BROTHERS TBK.
BROTHERS TBK SELANJUTNYA DISEBUTKAN JUGA SEBAGAI “BNBR”, For more information please visit www.bakrie-brothers.com
“BAKRIE & BROTHERS”, “PERUSAHAAN” ATAU “PERSEROAN”.
Untuk informasi lebih lanjut mohon kunjungi www.bakrie-brothers.com
B
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
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DAFTAR ISI
TABLE OF CONTENTS
PROFIL PERUSAHAAN 7 IKHTISAR UTAMA 39
CORPORATE PROFILE MAIN HIGHLIGHTS
Identitas Perusahaan Ikhtisar Keuangan
10 40
Corporate Identity Financial Highlights
Sekilas Bakrie & Brothers Ikhtisar Saham
10 41
PT Bakrie & Brothers Tbk at a Glance Share Highlights
Delapan Dekade Perjalanan Bisnis Ikhtisar Kinerja Keberlanjutan BNBR 2025
11 43
Eight Decades of Business Venture Overview of Sustainability Aspects 2025
Visi & Misi Perusahaan Komposisi Kepemilikan Saham
14 45
Corporate Vision & Mission Shareholders Composition
Filosofi & Nilai Perusahaan - Piagam Bakrie Kronologi Pencatatan Saham
14 47
Corporate Values & Philosophy Listing of Shares Chronology
Trimatra Bakrie 15 Penghargaan & Sertifikasi
49
Awards & Certifications
Logo Perusahaan
17 Peristiwa Penting
Company Logo 80
Event Highlights
Struktur Organisasi PT Bakrie & Brothers Tbk
18
PT Bakrie & Brothers Tbk Organization Structure
Struktur Grup Perusahaan
20
Corporate Group Structure
Daftar Entitas Anak
22
List of Subsidiaries
Keanggotaan Asosiasi dan Inisiatif Eksternal
27
Association Membership and External Initiative
Peta Distribusi Produk & Jasa
28
Map of Product & Services Distribution
LAPORAN DEWAN
TENTANG LAPORAN INI KOMISARIS & DIREKSI 93
ABOUT THIS REPORT
30 REPORT FROM THE BOC & BOD
Standar Pelaporan Laporan Dewan Komisaris
32 94
Report Standards Report from the BOC
Memastikan Kredibilitas Laporan Profil Dewan Komisaris
32 102
Report Credibility Board of Commissioners Profile
Menentukan Materialitas Laporan Direksi
32 115
Defining Materiality Report from the BOD
Pelibatan Pemangku Kepentingan Profil Direksi
35 134
Stakeholders Engagement Board of Directors Profile
Ruang Lingkup, Batasan Pelaporan Pernyataan Tanggung Jawab
dan Pelaporan Data 38 Atas Laporan Tahunan
Scope, Boundary and Data Reporting Terintegrasi 2025 148
Statement of Responsibility for 2025
Informasi Lebih Lanjut dan Umpan Balik Integrated Annual Report
38
Further Information and Feedback
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Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
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ANALISIS DAN
PEMBAHASAN
MANAJEMEN 151
MANAGEMENT’S
DISCUSSION & ANALYSIS
Tinjauan Operasi Per Segmen Usaha Informasi Material Mengenai investasi, Ekspansi,
152 Divestasi, Penggabungan/Peleburan Usaha,
Operating Review per Business Segment
Akuisisi Atau Restrukturisasi Hutang/Modal
Uraian Atas Kinerja Keuangan Perusahaan 182
159 Material Information on Investment,
Review of Financial Performance Expansion, Divestment, Merger, Acquisition
Kemampuan Membayar Pinjaman or Debt/Capital Restructuring
dan Kolektabilitas Piutang Informasi Transaksi Material yang Mengandung
169
Liabilities Servicing and Information on Material Transaction
Receivables Collectability 182
which Contains Conflict of Interest
Struktur Modal dan Kebijakan Struktur Modal and/or Affiliate Transaction
170
Capital Structure and Capital Structure Policy Pihak Berelasi
182
Ikatan Material Untuk Investasi Barang Modal Related Parties
171
Material Commitment for Capital Investment Perubahan Peraturan Perundang-undangan
185
Investasi Barang Modal Changes of Regulations
171
Capital Goods Investment Perubahan Kebijakan Akuntansi
187
Target Perusahaan Dibandingkan Changes of Accounting Policy
Realisasi Tahun 2025 Peningkatan yang Material Dikaitkan dengan
172
2025 Company’s Target Compared Jumlah Barang Yang Dijual/Barang Baru
to Actual Performance 187
Material Increases Related to Sales
Informasi dan Fakta Material yang Terjadi Volume / New Products
Setelah Tanggal Laporan Akuntan
174
Material Event and Information Subsequent
to the Accountant’s Reporting Date
Prospek Usaha Perusahaan
174
Company’s Business Prospect
Pemasaran Produk dan Jasa Perusahaan
Marketing of Company’s Product and Service
180 PENGELOLAAN SUMBER
Kebijakan Dividen
DAYA MANUSIA 189
180 HUMAN CAPITAL MANAGEMENT
Dividend Policy
Program Kepemilikan Saham Oleh Pengkajian dan Pengembangan Organisasi
192
Karyawan Dan/Atau Manajemen Organizational Review and Development
yang Dilakukan Perusahaan
181 Manajemen Kinerja
Employee Share Ownership Program 192
/ Management Share Ownership Performance Management
Program (ESOP/MSOP) Kebijakan Pengelolaan SDM
193
Realisasi Penggunaan Dana Hasil Human Capital Management Policies
Penawaran Umum Perdana 181 Komposisi Sumber Daya Manusia
Realization of Initial Public Offering (IPO) Funds 196
Company Human Resources Composition
Pengembangan Kompetensi Karyawan
200
HC Talent Development
Program dan Biaya Pelatihan SDM
201
HC Training Programs and Costs
Kesejahteraan Karyawan
207
Employee Prosperity
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Corporate Governance Social and Environmental
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LAPORAN
PELAKSANAAN TATA
KELOLA PERUSAHAAN 209
CORPORATE GOVERNANCE
IMPLEMENTATION REPORT
Tujuan dan Komitmen Penerapan Fungsi Organ Pendukung Direksi
282
Tata Kelola Perusahaan Functions Supporting the Board of Directors
211
Objectives and Commitment of Corporate
Governance Implementation Sekretaris Perusahaan
282
Corporate Secretary
Kerangka Kerja Tata Kelola Perusahaan
212 Hubungan Investor
Governance Guidelines and Structures 294
Investor Relations
Peta Jalan Tata Kelola Perusahaan
216 Komite Etik dan Kepatuhan
GCG Implementation Road Map 295
Ethics and Compliance Committee
Implementasi Praktik GCG
218 Sistem Pengendalian Internal
GCG Practices Implementation 295
Internal Control System
Aktivitas Kepatuhan
219 Audit Internal
Compliance Activities 300
Internal Audit
Penerapan Board Manual
221 Auditor Eksternal
Board Manual Implementation 308
External Audit
Asesmen Penerapan Tata Kelola
Perusahaan yang Baik (GCG) 222 Manajemen Risiko
309
GCG Implementation Assessment Risk Management
Rapat Umum Pemegang Saham Perkara Penting
222 328
General Meeting of Shareholders Important Legal Cases
Dewan Komisaris Tantangan dalam Implementasi
233 Keberlanjutan & ESG 329
Board of Commissioners
Challenges in Implementing Sustainability & ESG
Direksi
248 Akses Informasi dan Data Perusahaan
Board of Directors 330
Access to Company Information and Data
Fungsi Organ Pendukung Dewan Komisaris
Functions Supporting the Board 261 Pemberian Dana Untuk Kegiatan
of Commissioners Sosial dan Politik 330
Funds Provision for Social and Political Activity
Sekretaris Dewan Komisaris
261 Kode Etik dan Pedoman Perilaku Perusahaan
The Secretary to the Board of Commissioners 331
Corporate Code of Ethics and Code of Conduct
Komite Penunjang Dewan Komisaris
The Board of Commissioners 263 Pernyataan Budaya Perusahaan
335
Supporting Committees Corporate Culture Statement
Komite Audit Sistem Pelaporan Pelanggaran
263 336
Audit Committee Whistleblowing System
Komite Nominasi dan Remunerasi Informasi Bagi Investor
269 344
Nomination and Remuneration Committee Information for Investors
Komite Investasi dan Manajemen Risiko Penerapan Pedoman Tata Kelola
273 Perusahaan Terbuka OJK
Investment and Risk Management Committee 364
Adaptation to Corporate Governance
Komite Tata Kelola Perusahaan Guideline of Public Company - OJK
277
Corporate Governance Committee
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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TANGGUNG JAWAB INFORMASI TAMBAHAN 411
SOSIAL DAN LINGKUNGAN ADDITIONAL INFORMATION
371
SOCIAL AND ENVIRONMENTAL Alamat Entitas Anak dan Unit Bisnis
412
Address of Subsidiaries and Business Units
RESPONSIBILITY
Lembaga dan Profesi Penunjang
Visi dan Misi CSR Perseroan Capital Market Supporting 413
372
Company CSR Vision and Mission Agency and Profession
Implementasi ISO 26000 Manajemen Senior Bakrie & Brothers
373 414
Implementation of ISO 26000 Senior Management of Bakrie & Brothers
Rencana & Pencapaian Corporate Manajemen Senior Unit Usaha
Social Responsibility 2025 424
373 Senior Management of Business Unit
Plan & Achievement of Corporate
Social Responsibility 2025 REFERENSI PERATURAN OJK
NO.29 TAHUN 2016 434
Kegiatan Corporate Social Responsibility OJK RULE NO.29 YEAR 2016 REFERENCE
yang Bersifat Karitatif
377 REFERENSI SE OJK 16 / 2021 &
Charitable Corporate Social
Responsibility Activities STANDAR GRI DENGAN REFERENSI
453
SE OJK 16 / 2021 REFERENCE & GRI
CSR di Bidang Lingkungan Hidup STANDARD WITH REFERENCE
378
CSR in the Environmental Field
CSR di Bidang Ketenagakerjaan,
Kesehatan dan Keselamatan Kerja
392
CSR in the Field of Labor, Health,
and Occupational Safety
CSR di Bidang Pengembangan
Sosial dan Kemasyarakatan 402
CSR in Social and Community Development
CSR Sebagai Tanggung Jawab
kepada Konsumen 408
CSR as a Responsibility to the Consumers
LAPORAN KEUANGAN 459
FINANCIAL REPORT
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PROFIL >
PERUSAHAAN
CORPORATE PROFILE
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IDENTITAS PERUSAHAAN
CORPORATE IDENTITY
[SEOJK C.2][SEOJK C.3] [SEOJK C.4] [GRI 2-1][GRI 2-6][GRI 2-7]
: PT Bakrie & Brothers Tbk
Nama
(sejak pendiriannya Perusahaan tidak pernah melakukan perubahan nama)
Name
(since its establishment the Company has never undergo change of name)
Kode Emiten
: BNBR
Listing Code
: Aktivitas Perusahaan Holding, aktivitas konsultasi manajemen lainnya, dan
Kegiatan Usaha aktivitas konsultasi bisnis dan broker bisnis.
Business Activity Holding company activities, other management consulting activities,
and business consulting and business brokerage activities.
: Konsultasi, jasa, industri, konstruksi, manufaktur dan infrastruktur serta perdagangan
baik secara langsung maupun tidak langsung melalui anak perusahaan Perseroan, serta
investasi dan/atau divestasi pada perusahaan lain baik dalam bentuk penyertaan saham
atau mengambil bagian maupun pelepasan atas saham perusahaan lain secara langsung
atau tidak langsung atau memberikan pendanaan dan/atau pembiayaan serta dukungan
yang dibutuhkan oleh anak perusahaan atau perusahaan lain dalam melakukan penyertaan
modal atau melakukan kegiatan dalam bidang-bidang usaha di atas selama tidak melanggar
Bidang Usaha
ketentuan dan peraturan perundang-undangan yang berlaku.
Line of Business
Consulting, services, industry, construction, manufacturing and infrastructure as well
as trading, either directly or indirectly through the Company’s subsidiaries, as well as
investing and / or divesting in other companies either in the form of equity participation
or taking part or disposing of shares of other companies directly or indirectly or
provide funding and / or financing as well as support needed by a subsidiary or other
company in making capital participation or carrying out activities in the business fields
above as long as it does not violate the prevailing provisions and regulations.
Alamat
: Bakrie Tower, lantai 35 – 37, Rasuna Epicentrum Jl. H.R Rasuna Said, Jakarta 12940
Address
Telepon
: 021 2991 2222
Telephone
Faksimili
: 021 2991 2333
Fax
Call Center : N/A
Homepage : www.bakrie-brothers.com
Email : ir@bakrie.co.id
Tanggal Berdiri
: 13 Maret 1951
Establishment Date
Dasar Hukum Pendirian
: Akta Notaris Sie Khwan Djioe Tanggal 13 Maret 1951 No. 55
Legal Basis of
Deed of Sie Khwan Djioe dated March 13,1951 No. 55.
Establishment
Modal Dasar
: Rp 10.646.540.152.724 (293.715.580.156 saham | shares)
Authorized Capital
Modal Disetor
: Rp 4.764.177.722.771 (173.416.832.509 saham | shares)
Paid- In Capital
NPWP
: 01.000.913.2-054.000
Tax Registration Number
Nomor Induk Berusaha
: 0220302742076
Single Business Number
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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Wilayah Kerja
: Seluruh Wilayah Indonesia
Operational Area
Throughout the Indonesian region
[SEOJK C.3]
Jumlah Karyawan
: 3.200 orang | employees
Number of Employees
: - Port Fraser International Ltd 26,01%
- Fountain City Investment Ltd 22,17%
Pemegang Saham - UOB Kay Hian Pte Ltd 8,47%
Shareholders - Eurofa Capital Investment Inc 6,76%
[SEOJK C.3] - Levoca Enterprise Ltd 5,32%
- PT Biofuel Indo Sumatra 1,29%
- PUBLIK (kurang dari 5%) | PUBLIC (less than 5%) 29,98%
Bursa Efek : Bursa Efek Indonesia, tercatat sejak tanggal 28 Agustus 1989.
Stock Exchange Indonesia Stock Exchange, listed since August 28, 1989.
: Berdasarkan Kep-16/MEN/2001 tentang tata cara Pencatatan Serikat Pekerja/Sertifikat Buruh,
diputuskan bahwa serikat pekerja yang dimiliki BNBR bernama Pimpinan Unit Kerja Serikat
Pekerja Niaga, Bank, Asuransi, dan Jasa PT Bakrie & Brothers Tbk. No : 455/V/P/III/2006
Serikat Karyawan tertanggal 2 Maret 2006.
Workers Union Based on Kep-16 / MEN / 2001 regarding mechanism of workers Union/Labor Certificate
registration, it is pronounced that workers unions of BNBR is named Pimpinan Unit Serikat
Pekerja Niaga, Bank, Asuransi, dan Jasa PT Bakrie & Brothers
Tbk No: 455 / V / P / III / 2006 dated March 2, 2006.
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SEKILAS PT BAKRIE & BROTHERS TBK
PT BAKRIE & BROTHERS TBK AT A GLANCE
Perseroan mencatatkan diri di Bursa Efek Jakarta The Company registered at the Jakarta Stock
(sekarang menjadi Bursa Efek Indonesia) pada tahun Exchange (now Indonesia Stock Exchange) back
1989. Pendekatan portofolio investasi BNBR adalah in 1989. The investment portfolio approach of
pada penguasaan bisnis potensial, mengembangkan BNBR has been the controlling on potential
sinergi usaha jangka panjang, serta merancang dan businesses and developed inter-business
mengimplementasikan strategi penciptaan nilai. synergy for the long term, as well as designing
and implementing value creation strategy.
Di milenium baru ini, aktivitas usaha BNBR telah
berkembang meliputi bidang perdagangan umum, By the start of the new millenia, BNBR business
jasa konstruksi, agribisnis, pertambangan batubara, activities comprised of general trading, construction,
minyak & gas bumi serta telekomunikasi; sambil agribusiness, coal mining, oil & gas, as well as
tetap mengembangkan bidang manufaktur yang telecommunication business; while still growing
telah dimulai sejak tahun 50-an seperti pipa the manufacturing industries it has started in the
baja, bahan bangunan dan komponen otomotif. 1950s – namely steel pipes, building materials as
Perseroan juga turut berpartisipasi dalam usaha well as automotive components. The Company
pembangunan infrastruktur strategis di sektor has also expanded its venture to participate in
energi dan transportasi. Diversifikasi usaha ini telah strategic infrastructure projects in energy and
membuka peluang bagi Perseroan untuk turut transportation sectors. This business diversification
berkontribusi dalam pembangunan nasional. provides opportunities for the Company to
contribute to the national development.
Pada tahun 2014 dan kemudian diperkuat kembali
pada tahun 2019, melalui anak usaha dan perusahaan In 2014 and later reinforced in 2019, through
afiliasi, Perseroan telah menetapkan strategi dan subsidiaries and affiliations, the Company put its
fokus bisnis pada industri manufaktur, pembangunan strategy and business focus on manufacturing,
infrastruktur dan portofolio investasi sebagai pilar infrastructure and investments as its main pillars.
utama usaha. BNBR menjalankan usahanya dengan BNBR runs its business with strong focus on ESG
fokus kuat terhadap ESG (Environment, Social, and (Environment, Social, and Governance) and have
Governance) dan telah memulai perkembangannya started its evolvement into future sustainable
menuju bisnis masa depan yang berkelanjutan di business in the field of renewable energy,
bidang energi terbarukan, kendaraan listrik, dan electric vehicle and 3D-printing construction.
3D-printing konstruksi. Strategi ini merupakan The strategy has become the accurate steps
langkah tepat untuk memperkuat usaha serta to strengthen recurring income business, as
memperoleh pendapatan secara berkesinambungan, well as to respond to wide-open opportunities,
sekaligus merespon peluang yang terbuka luas dan in line with Indonesia’s development plans.
sejalan dengan rencana pembangunan nasional.
BNBR stood with a solid and noble foundation,
BNBR berdiri dengan landasan yang kokoh dan mulia, developed to form a strong investment base and
berkembang membentuk basis investasi yang kuat dan creating sustainable value a proud Indonesian
menciptakan nilai berkelanjutan sebagai salah satu corporation. BNBR is aspired to continue to be
korporasi terkemuka di Indonesia. BNBR bercita-cita a strong company, to serve its employees and
untuk terus menjadi entitas usaha yang senantiasa the community, as well as to deliver value to
dapat mendukung karyawan bersama masyarakat shareholders and stakeholders, and also contribute
luas, memberikan nilai lebih bagi pemegang saham to accelerate the growth of Indonesian economy.
dan pemangku kepentingan, dan berperan serta
secara aktif dalam pembangunan ekonomi Indonesia.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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8 DEKADE
PERJALANAN BISNIS
DECADES OF BUSINESS VENTURE
1942-1962 1973-1989 1990-1996 2002-2003
• Didirikan sebagai • Memperluas bidang • Bakrie Pipe Industries • Partisipasi Utama
perdagangan umum bisnis perusahaan ke menjadi perusahaan SEAPI dalam proyek
& agen komisi. bidang pembangunan Indonesia pertama yang pipa transmigasi gas
• Mempelopori industri struktur baja, pengerjaan mendapatkan sertifikat PT Perusahaan Gas Negara.
pengolahan pipa baja di logam, dan proyek ISO 9002.
Indonesia. infrastruktur lainnya. • Memperoleh lisensi • SEAPI’s main participation
• Pendirian PT Bakrie pengoperasian fixed in the gas transmigration
Building Industries. wireless services. pipeline project of
• Established as a
general merchant and • Pendirian PT Bakrie PT Perusahaan Gas Negara.
commissioner agent. Tosanjaya • Bakrie Pipe Industries
yang kemudian berganti became the first
• Pioneered Indonesia’s nama menjadi PT Bakrie
steel manufacturing Indonesian company
Autoparts (BA). to receive an ISO 9002
industry.
• IPO PT Bakrie & Brothers certificate.
Tbk (BNBR). • Obtaining a fixed wireless
service operating license.
• Expanding the
company’s business
field to steel structure
construction, metal
fabrication and other
infrastructure projects.
• Establishment of
PT Bakrie Building
Industries.
• Establishment of
PT Bakrie Tosanjaya
which later changed
its name to PT Bakrie
Autoparts (BA).
• IPO of PT Bakrie &
Brothers (“BNBR”).
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 14
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
2004-2006 2007-2008 2009-2010 2011-2012
• Melakukan kegiatan Hak • Konsorsium Plus-Bakrie- • Pendirian Bakrie Energy • BNBR menyelesaikan
Memesan Efek Terlebih Global, memenangkan tender International yang bergerak revitalisasi, termasuk
Dahulu (HMETD) atau jalan tol Cimanggis-Cibitung dalam bisnis bahan bakar, kuasi reorganisasi.
Rights Issue Rp 1,9 triliun senilai Rp 3,2 triliun. sebagai cash generating • Grup Bakrie membentuk
untuk merestrukturisasi • Rights Issue Rp 40,1 triliun, investment. kerja sama strategis
hutang dalam perusahaan penerbitan waran • Penandatanganan SPA dengan BORN dan
pipa, investasi di bisnis Rp 2,9 triliun. dengan Vallar, UK – senilai mengurangi utang
telekomunikasi, akusisi AS$844 juta. sebesar AS$ 1 miliar.
kembali Bakrie Sumatera • Pendirian PT Bakrie Indo
Plantations (BSP) dan Infrastructure (BIIN). • Penandatanganan Gas
penambahan modal kerja. • Transformasi PT Bakrie • Establishment of Bakrie Transportation Agreement
Corrugated Metal Indonesia Energy International, which is (GTA) segmen Kepodang-
• Memenangkan tender Tambak Lorok.
pipanisasi gas Kalimantan- (BCMI) menjadi engaged in the fuel business,
Jawa senilai AS$ 1,26 miliar. PT Bakrie Metal Industries as a cash generating
(BMI). investment. • BNBR completed
• SPA signing with Vallar, revitalization, including
• Conducting preemptive rights UK - worth US$844 million. quasi reorganization.
(HMETD) or Right issue of • The Plus-Bakrie-Global
Rp 1.9 trillion to restructure consortium won the • The Bakrie Group formed
debt in pipe companies, Cimanggis-Cibitung toll road a strategic partnership
invest in telecommunications tender worth Rp 3.2 trillion. with BORN and reduced
business, reacquire Bakrie • Right issue of Rp40.1 trillion, debt by US$ 1 billion.
Sumatera Plantations (BSP) issuance of warrants of Rp2.9 • The signing of the Gas
and increase working capital. trillion. Transportation Agreement
• Won the tender for the • Establishment of PT Bakrie (GTA) for the Kepodang-
Kalimantan-Java gas pipeline Indo Infrastructure (BIIN). Tambak Lorok segment.
worth US$ 1.26 billion. • Transformation of PT Bakrie
Corrugated Metal Indonesia
(BCMI) into PT Bakrie Metal
Industries (BMI).
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 15
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
2013-2015 2016-2017 2018-2021 2022-2025
• Proyek infrastruktur Kalija • Proyek Tol Cimanggis- • Penandatanganan nota • Berinvestasi di teknologi 3D
– 1 tuntas di tahun 2015 Cibitung melanjutkan kesepahaman dengan printing konstruksi dengan
dan mulai beroperasi akuisisi lahan serta BYD Auto China untuk membentuk Joint Venture
pada tahun 2016. menyelesaikan konstruksi pengembangan industri antara Bakrie & Brothers
• Proyek infrastruktur jalan tahap 1. kendaraan listrik di Indonesia. (Modula) dengan COBOD
tol Cimanggis-Cibitung • Fase pertama proyek • Penandatanganan nota international.
dimulai. Kalija telah beroperasi kesepahaman dengan China • IPO PT VKTR Teknologi
secara penuh. Railway International Group. Mobilitas (VKTR) di Bursa
Transportasi gas berjalan • Retrukturisasi utang kepada Efek Indonesia.
• The Kalija - 1 infrastructure sesuai dengan GTA.
project was completed in kreditur melalui PMHMETD. • Kuasi reorganisasi BNBR
2015 and began operating • Bus listrik Bakrie -BYD efektif pada 22 Agustus
in 2016. • The Cimanggis-Cibitung telah lulus uji dan mulai 2024.
• The Cimanggis-Cibitung Toll Road Project dioperasikan oleh Trans • Akuisisi 100% kepemilikan
toll road infrastructure continues the land Jakarta. CCT.
project began. acquisition and completes
phase 1 construction.
• The signing of a memorandum • Invested in 3D printing
• The first phase of of understanding with construction technology
the Kalija project is BYD Auto China for the by forming a Joint Venture
fully operational. Gas development of the electric between Bakrie & Brothers
transportation operates vehicle industry in Indonesia. (Modula) and COBOD
according to the GTA. international.
• Signing of a memorandum
of understanding with China • IPO of PT VKTR Teknologi
Railway International Group. Mobilitas (“VKTR”) at the
• Debt restructuring to creditors Indonesia Stock Exchange.
done through Non Preemptive • BNBR’s quasi reorganization
Rights Issue (NPR). became effective on August
• The Bakrie - BYD electric 22, 2024
bus has passed all tests and • Acquisition of 100%
started to be operated by ownership of CCT.
TransJakarta.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
VISI DAN MISI PERUSAHAAN
CORPORATE VISION & MISSION
[SEOJK C.1]
VISI MISI
Menjadi Perusahaan Investasi Memaksimalkan nilai bagi pemegang
terkemuka yang merepresentasikan saham melalui kegiatan investasi
perekonomian Indonesia. yang menguntungkan dan
peningkatan nilai portofolio inti.
VISION
To become a leading Investment Company
MISSION
and a proxy of the Indonesian economy. To maximize shareholder value through
profitable investment activities and
enhancement of core portfolio’s value.
FILOSOFI & NILAI PERUSAHAAN
CORPORATE VALUES & PHILOSOPHY
Berawal dari sebuah cita-cita It began with a noble aspiration
luhur untuk meningkatkan kualitas to improve the quality of life
hidup masyarakat dan menjadi for Indonesia and to become a
bangsa yang bermartabat, H. nation with dignity. H. Achmad
Achmad Bakrie, pendiri BNBR, Bakrie, founder of BNBR, focused
selain fokus mengembangkan on business development
usaha juga memiliki semangat as well as raising the high
yang tinggi dan cita-cita luhur spirit and honourable goals
dalam memajukan bangsanya. of advancing Indonesia.
Melalui suatu nilai luhur (core Through basic core values
value) yang dianut, dijaga dan that embodies, maintains and
diwariskan kepada generasi bequeathed to the next generation
penerusnya di Kelompok in the Bakrie Group, called
Bakrie, dalam sebuah bentuk the PIAGAM BAKRIE. The said
PIAGAM BAKRIE, yang memberi values provide a guidance to
tuntunan keseimbangan dimensi balance intellectual, emotional
kecerdasan intelektual, kecerdasan and spiritual elements in order to
emosional dan kecerdasan realize the three pillars of life. Ke-
spiritualnya selalu terasah Indonesiaan, Kemanfaatan and
dan teruji, untuk mewujudkan Kebersamaan (Indonesian-ness,
tiga pilar kehidupan yaitu Ke- Usefulness and Togetherness)
Indonesiaan, Kemanfaatan known as TRIMATRA BAKRIE.
dan Kebersamaan yang dikenal
dengan TRIMATRA BAKRIE.
14
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 17
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TRIMATRA BAKRIE
NILAI DASAR
BASIC VALUE
KE-INDONESIA-AN KEBERSAMA AN
Cara pandang, motif dan tindakan Insan Cara pandang, motif dan tindakan
Bakrie yang bangga sebagai bangsa Insan Bakrie yang mengedepankan
AN
Indonesia, berwawasan global dan sinergi dalam keragaman.
A-
berkontribusi bagi masyarakat dunia.
KE
SI TO G E TH E R N E S S
BE
INDONESIAN-NESS
NE
Bakrie People’s perspective,
RS
Bakrie People’s perspective, motive and motive and attitude that
DO
attitude that is proud to be of Indonesian promotes synergy in diversity.
AM
nationality, has global worldview and
-IN
AA
contributes to global society.
KE
N
K E M A N FA ATA N
K E M A N FA ATA N
Cara pandang, motif dan tindakan Insan Bakrie yang
mengutamakan efektivitas dan efisiensi sumber daya
untuk meningkatkan kualitas hidup yang lebih baik.
U S E F U LN E S S
Bakrie People’s perspective, motive and attitude
that prioritizes the effectiveness and efficiency of
resources to enhance the quality of life.
NILAI INSTRUMENTAL
INSTRUMENTAL VALUE
I N TE G R ITA S P R O F E S I O N A LI S M E
Melaksanakan tugas yang diemban dengan Memiliki pengetahuan, keterampilan dan
kesungguhan, semangat, kesetiaan, wawasan yang mendukung tercapainya hasil
kejujuran, selalu menghormati prinsip- kerja maksimum dengan kualitas dan cara terbaik,
prinsip kebenaran dan mendahulukan tertata dan menjunjung tinggi nilai hubungan
kepentingan bangsa dan perusahaan. pribadi dan perusahaan dengan pihak manapun.
I NTE G R IT Y P R O F E S S I O N A LI S M
Performing obliged duties earnestly, Having the intelligence, expertise and worldview
fervently, loyally, honestly, always respecting that encourages achievement of excellent
the principles of truth and prioritizing performance, best quality, through orderly
national and company interests. procedure, respecting the value of interpersonal
and company relationship with any other parties.
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16
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 19
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
LOGO PERUSAHAAN
CORPORATE LOGO
a
b
FALSAFAH IDENTITAS BAKRIE PHILOSOPHY OF BAKRIE IDENTITY
Menggapai cita setinggi mungkin adalah semangat Aspiring to be the best is everybody’s goal.
universal. Namun cita yang tinggi patut berpijak di However, a high aspiration shall remain grounded
atas dasar yang kokoh dan memberinya inspirasi to a strong foundation while keeping people
serta nafas kehidupan. Cita tinggi selayaknya inspired and enlivened. High aspiration must
tidak melupakan tempatnya berpijak. not make people forget where they stand.
Betapapun hebat, besar dan tingginya cita, No matter how great, mighty or big the aspiration
Bakrie tidak akan pernah melupakan di mana ia is, Bakrie will never forget its humble roots. From
berpijak dan harus berpijak selamanya. Sebab that humble roots Bakrie leaves a legacy of
pijakan itulah yang mewarisi tradisi, kultur dan tradition, culture and spirit in doing business; and
semangat usaha. Pijakan itulah yang memberi it has formed Bakrie today and in the future.
bentuk Bakrie kini dan Bakrie masa depan.
MEANING OF BAKRIE LOGO
ARTI LOGO BAKRIE
a. The seven dots on top represents the North
a. Tujuh buah titik mencerminkan langit semesta, Star constellation, Polaris (or “Weluku” in
dengan mengambil bentuk susunan konstelasi Javanese), to symbolize the Company’s high
bintang utara Polaris (Weluku, bintang ambitions without neglecting its origins.
bajak), melambangkan cita-cita yang tinggi
namun tidak melupakan tempat asalnya. b. The two bold lines in the bottom colored in
Terracotta represents Indonesia’s fertile soil.
b. Dua garis tebal lengkung berwarna merah bata These lines are then separated by a white space,
(terakota) mencerminkan tanah khas Indonesia symbolizing land that has been cultivated, which
yang subur. Bentuk ini seakan-akan terbagi dua will result in a more fertile and prosperous land.
oleh bidang putih di tengahnya, menandakan The lines are curved to represent the Earth.
tanah yang telah diolah/dibajak, yang berarti
akan semakin subur. Bentuk lengkung
mengambil citra permukaan bumi yang bulat.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
STRUKTUR ORGANISASI
PT BAKRIE & BROTHERS TBK
PT BAKRIE & BROTHERS TBK ORGANIZATION STRUCTURE
PER 31 DESEMBER 2025 | PER DECEMBER 31, 2025 [GRI 2-9]
R A PAT U M U M P E M E G A N G S A H A M
G E N E R A L M E E T I N G O F S H A R E H O LD E RS
D E WA N KO M I S A R I S | B OA R D O F C O M M I S S I O N E RS
Komisaris Utama | President Commissioner
ARMANSYAH YAMIN
Komisaris Independen | Independent Commissioner
RANIWATI
ADRIAN T.P. PANGGABEAN
Komisaris | Commissioner
SYAILENDRA S . BAKRIE
ADIKA ARYASTHANA BAKRIE
D I R E K S I | B OA R D O F D I R E CTO RS
Direktur Utama | President Director & Chief Executive Officer
ANINDYA N. BAKRIE
Wakil Direktur Utama | Vice President Director & Co – Chief Executive Officer
A. ARDIANSYAH BAKRIE
CHIEF HUMAN CAPITAL
& OFFICE SUPPORT
OKDER PENDRIAN
DIREKTUR | DIRECTOR DIREKTUR | DIRECTOR
CHIEF BUSINESS DIREKTUR | DIRECTOR
& CHIEF INVESTMENT & CHIEF FINANCIAL OFFICER
DEVELOPMENT OFFICER & CHIEF LEGAL OFFICER
OFFICER ROY HENDRAJANTO
A. AMRI ASWONO PUTRO R.A SRI DHARMAYANTI KARTINI SALLY M. SAKTI
CHIEF TECHNOLOGY OFFICER
DIDIT ARDYANTO
CHIEF INDUSTRIALIZATION Corporate Corporate
Investment
OFFICER Secretary Finance
R. ATOK HENDRAYANTO
Corporate Investor Group
Legal Relation Accounting
Banking
Treasury
Relation
Business
Compliance
Control
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 21
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
Komite Audit
Audit Committee
Komite Nominasi & Remunerasi
Nomination & Remuneration Committee
Komite Tata Kelola Perusahaan
Corporate Governance Committee
Komite Investasi & Manajemen Risiko
Investment & Risk Management Committee
Komite Etik & Kepatuhan
Ethics & Compliance Committee
Corporate Internal Audit
Corporate Risk Management
Corporate Communications
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
STRUKTUR GRUP PERUSAHAAN
CORPORATE GROUP STRUCTURE
PER 31 DESEMBER 2025 | AS OF DECEMBER 31, 2025
PORT FRASER
INTERNATIONAL LTD
(26,01%)
FOUNTAIN CITY
INVESTMENT LTD PT BAKRIE METAL INDUSTRIES (BMI)
BNBR (99,99%)
(22,17%)
PT VKTR TEKNOLOGI MOBILITAS TBK (VKTR)
UOB KAY HIAN PTE LTD BNBR (24,40 %) BMI (14,43%)
(8,47%)
PT BAKRIE INDO INFRASTRUCTURE (BIIN)
EUROFA CAPITAL BNBR (99,99%)
INVESTMENT INC
(6,76%)
PT MODULA SUSTAINABILITY INDONESIA (MSI)
BNBR (60,00%)
LEVOCA ENTERPRISE LTD
(5,32%)
PT KREASINDO JAYA UTAMA (KJU)
BNBR (99,99%)
PT BIOFUEL INDO SUMATRA
(1,29%) GOLDEN SANDS OASIS LTD (GSO)
BNBR (100%)
MASYARAKAT (KEPEMILIKAN <5%)
PUBLIC (OWNERSHIP <5%)
(29,98%)
** Pemegang saham BNBR | BNBR Shareholders
NIRWAN DERMAWAN BAKRIE Manufaktur – Kepemilikan Langsung | Manufacturing – Direct Ownership
Manufaktur – Kepemilikan Tidak langsung | Manufacturing – Indirect Ownership
ABURIZAL BAKRIE
Infrastruktur – Kepemilikan Langsung | Infrastructure – Direct Ownership
Infrastruktur – Kepemilikan Tidak Langsung | Infrastructure – Indirect Ownership
INDRA USMANSJAH BAKRIE
Perdagangan, Jasa & Investasi – Kepemilikan Langsung |
Trading, Services & Investment – Direct Ownership
Perusahaan hijau (berfokus pada ESG) – Kepemilikan Langsung |
Green company (focusing on ESG) – Direct Ownership
Perusahaan hijau (berfokus pada ESG) – Kepemilikan Tidak Langsung
| Green company (focusing on ESG) – Indirect Ownership
*Pemegang Saham Pengendali | Controlling Shareholder
**Ultimate Beneficial Owner
Ultimate Beneficial Owner Perseroan adalah Aburizal Bakrie, Nirwan Dermawan Bakrie, dan Indra Usmansjah Bakrie melalui kepemilikan secara langsung
Aburizal Bakrie sejumlah 66.595 saham (0,00004%) dan Indra Usmansjah Bakrie sejumlah 55 saham (0,00000003%) pada Perseroan dan kepemilikan se-
cara tidak langsung Nirwan Dermawan Bakrie (melalui kepemilikan sahamnya pada sejumlah perusahaan yang memiliki kepemilikan saham pada PT Biofuel
Indo Sumatra sejumlah 2.230. 423. 800 saham (1,29%), dimana pihak-pihak tersebutlah yang mengendalikan Perseroan.
The ultimate beneficial owners of the Company are Aburizal Bakrie, Nirwan Dermawan Bakrie and Indra Usmansjah Bakrie, through Aburizal Bakrie’s direct
ownership amounting to 66,595 shares (0.00004%) and Indra Usmansjah Bakrie’s direct ownership amounting to 55 shares (0.00000003%) in the Company
and the indirect ownership of Nirwan Dermawan Bakrie (through his shareholdings in a number of companies that hold shares in PT Biofuel Indo Sumatra
amounting to 2,230,423,800 shares (1.29%)), and it is these parties who control the Company.
20
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 23
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE PIPE INDUSTRIES (BPI) PT SOUTH EAST ASIA PIPE
BMI (99,99%) INDUSTRIES (SEAPI)
BPI (99,86%), BNBR (0,14%)
PT BAKRIE CONSTRUCTION (BCONS)
BMI (98,23 %) ,BNBR (1,77%)
PT SULUH ARDHI ENGINEERING (SAE)
BMI (70,00%)
PT BRAJA MUKTI CAKRA (BMC)
BA (50,00%)
PT BAKRIE PIPELINE INDONESIA (BPIL)
BMI (60%), BPI (20%) PT BINA USAHA MANDIRI
MIZUSAWA (BUMM)
BA (99,90%)
PT BAKRIE AUTOPARTS (BA) PT BAKRIE KOMPONEN MOBILITAS (BKM)
VKTR (99,99%) BA (99,90%)
PT VKTR SAKTI INDUSTRIES (VSI)
VKTR (60,00%)
PT GRAHA MULTIMEDIA
NUSANTARA (GMN)
PT SARANA EKOMOBILITAS MKN (99,96%)
INDONESIA (SEI)
VKTR (51,00%) PT SYSTEM ENERGI
PT CIPTA WISESA (CTW)
NUSANTARA (SEN)
MKN (99,00%)
CTW (99,00%)
PT STARBIT TECHNOLOGY
PT MULTI KONTROL NUSANTARA (MKN) NUSANTARA (STN)
PT MODULA TIGA BIIN (99,93%) MKN (75,00%)
DIMENSI (MTD)
MSI (80,00%)
PT BAKRIE GAS (BG)
BIIN (99,50%), BOGI (0,50%)
PT BAKRIE DARMAKARYA ENERGI (BDE)
BP (98,00%)
PT BAKRIE GASINDO UTAMA (BGU)
BIIN (99,50%), KOPKAR BIIN (0,50%) PT KUALA TANJUNG POWER (KTP)
BP (99,00%)
PT BAKRIE JAVA ENERGY (BJE)
BIIN (99,99%) PT HELIO SYNAR ENERGI (HSE)
BP (99,75%), (BIIN 0,25%)
PT ENERGAS DAYA PRATAMA (EDP) PT BAKRIE ENERGI TRANSISI (BET)
BIIN (99,50%), BOGI (0,50%) – DH. PT BAKRIE SOLAR ENERGI
BP (99,00%)
PT BAKRIE POWER (BP)
BIIN (99,99%)
PT BANGUN INFRASTRUKTUR
NUSANTARA (BIN)
BIIN (99,99%)
PT BAKRIE OIL & GAS
INFRASTRUCTURE (BOGI)
BIIN (99,99%)
PT BAKRIE TELCO
INFRASTRUCTURE (BTELCO)
BIIN (99,50%),KOPKAR BIIN (0,50%)
PT BAKRIE TOLL INDONESIA (BTI) PT CIMANGGIS CIBITUNG TOLLWAYS (CCT)
BIIN (99,99%) BTI (99,99%)
PT BAKRIE PORT INDONESIA (BPORT)
BIIN (99,50%),KOPKAR BIIN (0,50%)
PT BAKRIE MINA TIRTA (BMT)
- DH. PT BAKRIE MINA BAHARI (BMB)
BIIN (70,00%), BIN (30,00%)
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
DAFTAR ENTITAS ANAK
SUBSIDIARIES [GRI 2-2]
TOTAL ASET SEBELUM
ELIMINASI
TAHUN PERSENTASE
(DALAM JUTAAN
PENDIRIAN/ KEPEMILIKAN
BIDANG KEGIATAN OWNERSHIP RUPIAH)
NAMA ENTITAS DOMISILI TOTAL ASSETS BEFORE
NO. USAHA USAHA PERCENTAGE
ENTITY NAME DOMICILE YEAR OF ELIMINATION
SCOPE OF ACTIVITIES ESTABLISHMENTS /
COMMERCIAL (IN MILLION RUPIAH)
OPERATIONS
2025 2024
2025 2024
(%) (%)
KEPEMILIKAN SECARA LANGSUNG | DIRECT OWNERSHIP
Pabrikasi baja
bergelombang
PT Bakrie Metal dan “multiplate”
1. Bekasi 1982 99,99 99,99 3.987.739 4.061.529
Industries (BMI) Corrugated
metal products
and multiplate
Pembangunan
PT Bakrie Indo dan jasa
2. Jakarta 2008 99,99 99,99 17.088.975 533.167
Infrastructure (BIIN) Development
and services
Kendaraan
listrik dan usaha
PT VKTR Teknologi lainnya terkait
Mobilitas (VKTR) kendaraan listrik
3. Jakarta 2007 24,40 30,41 1.798.211 1.608.602
(d/h PT Bakrie Steel Electric vehicles and
Industries (BSI)) other businesses
related to
electric vehicles
PT Kreasindo Jaya Perdagangan
4 Jakarta 2009 99,99 99,99 400 -
Utama (KJU) Trading
PT Modula Jasa konstruksi
5. Sustainability Jakarta Construction 2022 60,00 60,00 600 -
Indonesia (MSI) services
British
Golden Sand Investasi
6. Virgin 2024 100,00 100,00 125.277 213.047
Oasis Ltd (GSO) Investment
Islands
KEPEMILIKAN SECARA TIDAK LANGSUNG | INDIRECT OWNERSHIP
MELALUI BMI | THROUGH BMI
Pabrikasi pipa baja
PT Bakrie Pipe
1. Jakarta Steel pipe 1979 99,99 99,99 3.283.644 3.979.950
Industries (BPI)
manufacturer
PT Bakrie Konstruksi baja
2. Jakarta 1986 98,23 98,23 433.793 260.980
Construction (BCons) Steel construction
Kendaraan
listrik dan usaha
PT VKTR Teknologi lainnya terkait
Mobilitas Tbk (VKTR) kendaraan listrik
3. Jakarta 2007 14,43 14,98 1.798.211 1 .608.602
(d/h PT Bakrie Steel Electric vehicles and
Industries (BSI)) other businesses
related to
electric vehicles
22
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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TOTAL ASET SEBELUM
ELIMINASI
TAHUN PERSENTASE
(DALAM JUTAAN
PENDIRIAN/ KEPEMILIKAN
BIDANG KEGIATAN OWNERSHIP RUPIAH)
NAMA ENTITAS DOMISILI TOTAL ASSETS BEFORE
NO. USAHA USAHA PERCENTAGE
ENTITY NAME DOMICILE YEAR OF ELIMINATION
SCOPE OF ACTIVITIES ESTABLISHMENTS /
COMMERCIAL (IN MILLION RUPIAH)
OPERATIONS
2025 2024
2025 2024
(%) (%)
Konstruksi
PT Suluh Ardhi bangunan sipil
4. Jakarta 2008 70,00 70,00 92.336 46.733
Engineering (SAE) Civil building
construction
PT Bakrie Pipeline Konstruksi pipa
5 Jakarta 2024 60,00 60,00 12.167 -
Indonesia (BPIL) Pipe construction
MELALUI BIIN | THROUGH BIIN
Perdagangan
minyak dan
1. PT Bakrie Gas (BG) Jakarta 2006 99,50 99,50 19.998 19.998
gas bumi
Oil and gas trading
Perdagangan
PT Bakrie Gasindo minyak dan
2. Jakarta 2006 99,50 99,50 19.998 19.998
Utama (BGU) gas bumi
Oil and gas trading
Perdagangan
PT Bakrie Java minyak dan
3. Jakarta 2006 99,99 99,99 498 498
Energy (BJE) gas bumi
Oil and gas trading
Perdagangan
PT Energas Daya minyak dan
4. Jakarta 2006 99,50 99,50 9.998 9.998
Pratama (EDP) gas bumi
Oil and gas trading
Pembangkit
tenaga Listrik
5. PT Bakrie Power (BP) Jakarta 1994 99,99 99,99 82.418 88.037
Energy and
electrical power
Pembangunan
PT Bangun
dan jasa
6. Infrastruktur Jakarta 2008 99,99 99,99 13.265 13.265
Development
Nusantara (BIN)
and services
Pembangunan
PT Bakrie Oil & Gas dan jasa
7. Jakarta 2008 99,99 99,99 1 1
Infrastructure (BOGI) Development
and services
Pembangunan
PT Bakrie Telco dan jasa
8. Jakarta 2008 99,50 99,50 10.000 10.000
Infrastructure (BTelco) Development
and services
Pembangunan
PT Bakrie Toll dan jasa
9. Jakarta 2008 99,99 99,99 16.449.904 4.677
Indonesia (BTI) Development
and services
Pembangunan
PT Bakrie Port dan jasa
10. Jakarta 2008 99,50 99,50 10.100 10.100
Indonesia (BPort) Development
and services
PT Bakrie Mina Tirta
Perdagangan umum
11. (BMT) (d/h PT Bakrie Jakarta 2017 70,00 70,00 10.165 10.166
General trading
Mina Bahari (BMB))
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TOTAL ASET SEBELUM
ELIMINASI
TAHUN PERSENTASE
(DALAM JUTAAN
PENDIRIAN/ KEPEMILIKAN
BIDANG KEGIATAN OWNERSHIP RUPIAH)
NAMA ENTITAS DOMISILI TOTAL ASSETS BEFORE
NO. USAHA USAHA PERCENTAGE
ENTITY NAME DOMICILE YEAR OF ELIMINATION
SCOPE OF ACTIVITIES ESTABLISHMENTS /
COMMERCIAL (IN MILLION RUPIAH)
OPERATIONS
2025 2024
2025 2024
(%) (%)
Jasa informasi
teknologi,
telekomunikasi,
sistem integrasi,
multimedia
PT Multi Kontrol dan jaringan
12. Jakarta 1984 99,93 99,93 551.283 437.275
Nusantara (MKN) Information
technology services,
telecommunication,
integration system,
multimedia
and network
MELALUI VKTR | THROUGH VKTR
Pabrikasi besi cor
dan komponen
PT Bakrie otomotif
1. Bekasi 1976 99,99 99,99 814.820 761.414
Autoparts (BA) Foundry and
automotive
component
Industri karoseri
PT VKTR Sakti kendaraan bermotor
2. Magelang 2023 60.00 60.00 443.883 62.225
Industries (VSI) Vehicle body
industry
Perdagangan
besar suku cadang
PT Sarana
kendaraan bermotor
3. Ekomobilitas Jakarta 2023 51,00 51,00 1.021 1.013
Automotive
Indonesia (SEI)
components
wholesale
MELALUI BPI | THROUGH BPI
PT South East Asia Pabrikasi pipa baja
1. Pipe Industries Jakarta Steel pipe 2001 99,86 99,86 745.833 759.175
(SEAPI) manufacturer
PT Bakrie Pipeline Konstruksi pipa
2. Jakarta 2024 20,00 20,00 12.167 -
Indonesia (BPIL) Pipe construction
MELALUI BA | THROUGH BA
Industri suku cadang
PT Braja Mukti kendaraan bermotor
1 Bekasi 1986 50,00 50,00 330.283 302.347
Cakra (BMC) Automotive
components
Industri suku cadang
PT Bina Usaha
kendaraan bermotor
2 Mandiri Mizusawa Tangerang 1986 99,90 99,90 74.579 77.655
Automotive
(BUMM)
components
Industri suku cadang
PT Bakrie Komponen kendaraan bermotor
3 Bekasi 2024 99,90 99,90 - -
Mobilitas (BKM) Automotive
components
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TOTAL ASET SEBELUM
ELIMINASI
TAHUN PERSENTASE
(DALAM JUTAAN
PENDIRIAN/ KEPEMILIKAN
BIDANG KEGIATAN OWNERSHIP RUPIAH)
NAMA ENTITAS DOMISILI TOTAL ASSETS BEFORE
NO. USAHA USAHA PERCENTAGE
ENTITY NAME DOMICILE YEAR OF ELIMINATION
SCOPE OF ACTIVITIES ESTABLISHMENTS /
COMMERCIAL (IN MILLION RUPIAH)
OPERATIONS
2025 2024
2025 2024
(%) (%)
MELALUI BP | THROUGH BP
Pembangkit
PT Bakrie
tenaga Listrik
1. Darmakarya Jakarta 2011 98,00 98,00 467.474 467.051
Energy and
Energi (BDE)
electrical power
Pembangkit
PT Kuala Tanjung tenaga Listrik
2. Jakarta 2010 99,00 99,00 2.863 2.862
Power (KTP) Energy and
electrical power
Pembangkit
PT Helio Synar tenaga Listrik
3. Jakarta 2021 99,75 99,75 12.652 15.318
Energi (HSE) Energy and
electrical power
PT Bakrie Energi Pembangkit
Transisi (BET) (d/h tenaga Listrik
4. Jakarta 2023 99,00 99,00 10.000 10.000
PT Bakrie Solar Energy and
Energi (BSE)) electrical power
MELALUI BIN | THROUGH BIN
PT Bakrie Mina
Tirta (BMT) (d/h Perdagangan umum
1. Jakarta 2017 30,00 30,00 10.165 10.166
PT Bakrie Mina General trading
Bahari (BMB))
MELALUI BTI | THROUGH BTI
Pembangunan dan
PT Cimanggis
pengelolaan jalan tol
1. Cibitung Tollways Jakarta 2008 99,99 - 12.873.532 -
Development and
(CCT)
management toll
MELALUI MKN | THROUGH MKN
Jasa internet
PT Graha Multimedia dan TV kabel
1. Jakarta 2007 99,96 99,96 14.672 10.650
Nusantara (GMN) Internet service
and TV cable
PT Cipta Wisesa Perdagangan umum
2. Jakarta 2013 99,00 99,00 61.500 94.645
(CTW) General trading
Informasi teknologi,
PT Starbit infrastruktur dan jasa
3. Technology Jakarta Information 2007 75,00 75,00 9.660 12.230
Nusantara (STN) technology,
infrastructure and
26
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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TOTAL ASET SEBELUM
ELIMINASI
TAHUN PERSENTASE
(DALAM JUTAAN
PENDIRIAN/ KEPEMILIKAN
BIDANG KEGIATAN OWNERSHIP RUPIAH)
NAMA ENTITAS DOMISILI TOTAL ASSETS BEFORE
NO. USAHA USAHA PERCENTAGE
ENTITY NAME DOMICILE YEAR OF ELIMINATION
SCOPE OF ACTIVITIES ESTABLISHMENTS /
COMMERCIAL (IN MILLION RUPIAH)
OPERATIONS
2025 2024
2025 2024
(%) (%)
MELALUI CTW | THROUGH CTW
PT System Energi Perdagangan umum
1. Jakarta 2008 99,00 99,00 48.511 69.288
Nusantara (SEN) General trading
MELALUI MSI | THROUGH MSI
Jasa konstruksi
PT Modula Tiga
1. Jakarta Construction 2022 80,00 80,00 16.115 -
Dimensi (MTD)
services
KEANGGOTAAN ASOSIASI DAN MEMBERSHIP IN ASSOCIATIONS AND
INISIATIF EKSTERNAL [SEOJK C.5][GRI 2-28] EXTERNAL INITIATIVE [SEOJK C.5][GRI 2-28]
Sebagai salah satu entitas perusahaan terkemuka As one of the leading companies in Indonesia,
di Indonesia, BNBR juga turut serta dalam beberapa BNBR participates in various initiatives in economic,
inisiatif di sektor ekonomi, lingkungan, dan sosial. environmental and social sectors. One of them is
Salah satunya adalah PROPER. Perusahaan juga PROPER. The Company also participates in various
mengikuti beberapa asosiasi pertambangan dan mining and non-mining associations, including
non-pertambangan, di antaranya adalah Kamar the the Indonesian Chamber of Commerce and
Dagang dan Industri (KADIN) Indonesia, Perhimpunan Industry (KADIN), Association of Indonesian
Ahli Pertambangan Indonesia (PERHAPI), dan Mining Experts (PERHAPI), and the Association of
Asosiasi Emiten Indonesia (AEI). Perusahaan Indonesian Issuers (AEI). The Company also hold
juga memiliki posisi strategis dalam Asia Pacific a strategic position in the Asia Pacific Economic
Economic Cooperation Business Advisory Counsil Cooperation Business Advisory Council (ABAC)
(ABAC) dengan Direktur Utama BNBR Anindya with our President Director, Anindya Bakrie, as the
Bakrie sebagai Ketua Perwakilan Indonesia. current Chairman of the Indonesian Representative.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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PETA DISTRIBUSI PRODUK DAN JASA
MAP OF PRODUCTION & DISTRIBUTION
[GRI 2-28]
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MANUFAKTUR INFRASTRUKTUR JASA & INVESTASI
MANUFACTURING INFRASTRUCTURE SERVICE & INVESTMENT
Distribusi Listrik Perdagangan,
Distribution Electricity Jasa & Investasi
Trading, Services
& Investment
Pabrik
Gas and Pipeline
Factory
Head Office Toll Road
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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TENTANG >
LAPORAN INI
ABOUT THIS REPORT
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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Sebagai wujud komitmen berkelanjutan terhadap
pencapaian Sustainable Development Goals (SDGs),
BNBR menyajikan Laporan Keberlanjutan yang
terintegrasi dalam Laporan Tahunan tahun buku 2025.
As part of our ongoing commitment to advancing
the Sustainable Development Goals (SDGs),
BNBR presents the Company’s Sustainability
Report as an integrated component of the
Annual Report for the 2025 financial year.
Dalam Laporan ini, BNBR secara transparan In this Report, BNBR transparently presents our
menyampaikan strategi, kebijakan, dan praktik strategies, policies, and operational practices in
operasional dalam upaya mencapai keberlanjutan, achieving sustainability, including our economic,
termasuk kinerja ekonomi, sosial, dan lingkungan. social, and environmental performance. This
Laporan ini mencakup kinerja Perseroan pada report covers the Company’s performance across
berbagai aspek, seperti operasional, keuangan, various aspects, including operations, financials,
tata kelola, lingkungan, dan sosial selama tahun governance, environmental, and social aspects
buku 2025, yaitu dari 1 Januari hingga 31 Desember for the 2025 financial year, from 1 January to 31
2025. Tidak terdapat perubahan signifikan December 2025. There are no significant changes
terkait prinsip, struktur, maupun ruang lingkup in the reporting principles, structure, or scope,
pelaporan, serta tidak terdapat penyajian kembali and no restatements of data or information from
(restatement) atas data atau informasi dari laporan previous reports. [SEOJK C.6] [GRI 2-3][GRI 2-4]
sebelumnya [SEOJK C.6] [GRI 2-3][GRI 2-4]
PERIODE LAPORAN SIKLUS LAPORAN LAPORAN SEBELUMNYA INDEKS GRI
REPORTING PERIOD REPORT CYCLE PREVIOUS REPORT GRI INDEX
[GRI 2-3] [GRI 2-3] [GRI 2-3] [GRI 2-3]
diterbitkan pada
1 Januari - 31 Desember 2025 Tahunan Di halaman xx
bulai April 2025
January 1 - December 31, 2025 Annual On page xx
published in April 2025
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STANDAR PELAPORAN
REPORTING STANDARDS
Laporan ini disusun dengan mengacu pada This report has been prepared in accordance with
ketentuan POJK Nomor 51/POJK.03/2017 tentang POJK Regulation No. 51/POJK.03/2017 on the
Penerapan Keuangan Berkelanjutan bagi Lembaga Implementation of Sustainable Finance for Financial
Jasa Keuangan, Emiten, dan Perusahaan Publik Services Institutions, Issuers, and Public Companies as
sebagai pedoman. Dalam menyajikan kinerja a guiding framework. In presenting our sustainability
keberlanjutan, Perseroan juga mengacu pada GRI performance, the Company also refers to the GRI
Standards 2021. Untuk memudahkan pembaca, Standards 2021. To enhance readability, a cross-
Perseroan menyertakan indeks referensi reference index between OJK criteria and GRI
silang antara kriteria OJK dan pengungkapan Standards disclosures is provided on page ?xx?.
berdasarkan GRI Standards pada halamanxx.
MEMASTIKAN KREDIBILITAS LAPORAN
ENSURING REPORT CREDIBILITY
Semua informasi mengenai kinerja dan angka All information related to performance and financial
keuangan dalam Laporan ini didasarkan pada Laporan figures presented in this Report is based on the
Keuangan yang telah diaudit. Untuk aspek kinerja audited Financial Statements. For sustainability
keberlanjutan, proses assurance belum dilakukan. performance, external assurance has not yet been
Meskipun demikian, Perseroan menjamin akurasi conducted. Nevertheless, the Company ensures the
dan kredibilitas seluruh data dan informasi yang accuracy and reliability of all data and information
disajikan dalam Laporan ini melalui proses tinjauan disclosed in this Report through an internal
internal yang dilakukan oleh tim Laporan Tahunan review process carried out by BNBR’s Annual and
dan Keberlanjutan BNBR. [SEOJK G.1][GRI 2-5] Sustainability Report team. [SEOJK G.1][GRI 2-5]
MENENTUKAN MATERIALITAS:
TOPIK-TOPIK TERPENTING BAGI
PEMANGKU KEPENTINGAN KAMI
DETERMINING MATERIALITY: KEY TOPICS FOR
OUR STAKEHOLDERS [GRI 3-1] [GRI 3-2]
Dalam menyusun Laporan yang relevan, komprehensif, In preparing a relevant, comprehensive, and
dan informatif, Perseroan memerlukan pemahaman informative Report, the Company requires a thorough
yang mendalam atas topik-topik yang memiliki dampak understanding of topics that have a significant impact
signifikan terhadap kinerja dan keberlanjutan usaha, on our performance and business sustainability,
serta relevansinya bagi pemangku kepentingan. as well as their relevance to stakeholders. In
Pada penyusunan Laporan tahun ini, Perseroan this reporting year, the Company conducted a
melakukan peninjauan kembali terhadap topik review of the previous year’s material topics by
material tahun sebelumnya dengan mengacu pada referring to the criteria set out in the Financial
kriteria yang ditetapkan dalam peraturan Otoritas Services Authority (OJK) regulations on Sustainable
Jasa Keuangan (OJK) terkait Keuangan Berkelanjutan, Finance, particularly POJK No. 51/POJK.03/2017
khususnya POJK Nomor 51/POJK.03/2017 serta and OJK Circular Letter No. 16/SEOJK.04/2021.
Surat Edaran OJK Nomor 16/SEOJK.04/2021.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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Melalui pengelompokan dan penetapan topik material Through the identification and prioritization of material
berdasarkan kriteria tersebut, BNBR berupaya topics based on these criteria, BNBR aims to present
menyajikan Laporan yang mencerminkan isu-isu a Report that reflects key issues closely related
utama yang relevan dengan kegiatan operasional to our operational activities, while also complying
Perseroan, sekaligus memenuhi ketentuan with applicable laws and regulations. This review
peraturan perundang-undangan yang berlaku. process also ensures that the Company’s Annual
Proses peninjauan ini juga memastikan bahwa and Sustainability Report cover material aspects
Laporan Tahunan dan Keberlanjutan Perseroan that are significant and relevant to stakeholders.
mencakup aspek-aspek material yang signifikan
dan bernilai bagi para pemangku kepentingan. The list and matrix of material topics in this
Report are presented as follows. There are
Daftar dan matriks topik material dalam Laporan ini no significant changes in the material topics
disajikan sebagai berikut. Tidak terdapat perubahan compared to the previous reporting period.
signifikan dalam topik material dibandingkan
dengan periode pelaporan sebelumnya.
Matriks Materialitas
Materiality Matrix [GRI 3-3]
4,9 —
Influence on assessment and decision making by stakeholders
9 3
4,7— 7
2 1
Pengaruh Terhadap Penilaian & Pengambilan
Keputusan oleh Pemangku Kepentingan
4,5 — 5
8
4,3 — 4
10 6
4,1 —
3,9 —
3,7 —
3,5 —
3,5 3,7 3,9 4,1 4,3 4,5 4,7 4,9
Tingkat Kepentingan dari Dampak Ekonomi, Lingkungan dan Sosial
The importance of the economic, environmental and social impacts
1. Kesehatan dan Keselamatan Kerja | Occupational Health and Safety
2. Kesehatan dan Keamanan Pelanggan | Customer Health and Safety
3. Pengelolaan Lingkungan | Environmental Management
4. Kinerja Ekonomi | Economic Performance
5. Informasi Mengenai Produk dan Jasa | Product and Service Labeling
6. Masyarakat Lokal | Local Communities
7. Produk dan Jasa | Product and Service
8. Dampak Ekonomi Tak Langsung | Indirect Economic Impact
9. Praktik Ketenagakerjaan | Employment Practice
10. Kepatuhan dan Upaya Anti-Korupsi | Compliance and Anti-Corruption Measures
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DAFTAR TOPIK MATERIAL PENDEKATAN MANAJEMEN BNBR
MATERIALITY TOPICS LIST BNBR MANAGEMENT’S APPROACH
[GRI 3-3] [GRI 3-3]
• Memberikan pelatihan dan sertifikasi keselamatan kerja.
• Menerapkan prosedur keamanan untuk mencegah kecelakaan,
juga menerapkan sistem manajemen K3 sesuai dengan ketentuan
Kesehatan dan
nasional dan sistem manajemen K3 internasional ISO 45000.
Keselamatan Kerja
Occupational Health
• Provide safety training and certification.
and Safety
• Implementing safety procedures to prevent accidents, as well as implementing
an OHS management system in accordance with national regulations
and the ISO 45000 international OHS management system.
• Mengimplementasikan standar keselamatan dan kualitas pada
produk dan layanan yang ditawarkan dan mengimplementasi QA/
Kesehatan dan Keamanan
QC untuk setiap produk sebelum dikirimkan ke pelanggan.
Pelanggan
Customer Health and Safety
• Implement safety and quality standards for products and services offered
and implement QA/QC for each product before delivery to customers.
• Mengikuti peraturan dan kebijakan pemerintah terkait pengelolaan limbah dan emisi.
• Mengurangi dampak lingkungan sesuai dengan identifikasi dampak
lingkungan dan rencana pengelolaan lingkungan.
• Implementasi PROPER dan ISO 14000 juga standar pengelolaan
lingkungan lain yang sesuai dengan regulasi dan standar industri.
Pengelolaan Lingkungan
Environmental Management
• Follow government regulations and policies related to waste management and emissions.
• Reducing environmental impacts in accordance with environmental
impact identification and environmental management plans.
• Implementation of PROPER and ISO 14000 as well as other environmental
management standards in accordance with regulations and industry standards.
• Meningkatkan efisiensi dalam pengelolaan sumber daya.
• Meningkatkan produktivitas untuk meningkatkan pendapatan.
• Menerapkan enterprise risk management dengan seksama untuk memastikan risiko-
risiko yang dapat berdampak pada kinerja ekonomi dapat dimitigasi dengan baik.
Kinerja Ekonomi
Economic Performance
• Improve efficiency in resource management.
• Improve productivity to increase revenue.
• Thoroughly implement enterprise risk management to ensure that risks
that could impact economic performance are properly mitigated.
• Memberikan informasi yang jelas dan akurat mengenai produk dan layanan.
Informasi Mengenai • Memberikan label yang sesuai.
Produk dan Jasa
Product and Service Labeling • Provide clear and accurate information about products and services.
• Provide appropriate labelling.
• Menjalin hubungan baik dengan masyarakat lokal.
• Memberikan kontribusi pada pengembangan masyarakat.
Masyarakat Lokal
Local Communities
• Establish good relations with the local community.
• Contribute to community development.
• Menjaga kualitas produk dan layanan.
• Meningkatkan inovasi produk dan layanan.
Produk dan Jasa
Product and Service
• Maintain product and service quality.
• Increase product and service innovation.
• Memperhitungkan dampak ekonomi yang dihasilkan pada masyarakat.
Dampak Ekonomi • Meningkatkan kerja sama dengan pihak terkait.
Tak Langsung
Indirect Economic Impact • Take into account the economic impact on society.
• Increase cooperation with related parties.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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DAFTAR TOPIK MATERIAL PENDEKATAN MANAJEMEN BNBR
MATERIALITY TOPICS LIST BNBR MANAGEMENT’S APPROACH
[GRI 3-3] [GRI 3-3]
• Menjaga hak dan kesejahteraan karyawan.
• Memberikan kesempatan pengembangan karir.
Praktik Ketenagakerjaan
Employment Practice
• Take into account the economic impact on society.
• Increase cooperation with related parties.
• Menjaga integritas dan etika dalam praktik bisnis.
Kepatuhan dan Upaya
• Melakukan tindakan pencegahan terhadap tindakan korupsi.
Anti-Korupsi
Compliance and Anti-
• Maintain integrity and ethics in business practices.
Corruption Measures
• Take precautions against acts of corruption.
PELIBATAN PEMANGKU KEPENTINGAN
STAKEHOLDER ENGAGEMENT
APPROACHES [SEOJK E.4][GRI 2-29]
Pemangku kepentingan merupakan elemen Stakeholders play a key role in supporting
penting dalam mendukung pertumbuhan BNBR’s growth and sustainability, in line with the
dan keberlanjutan BNBR, sejalan dengan Company’s commitment to delivering long-term
komitmen Perseroan untuk memberikan nilai value to society. The Company identifies, maps,
tambah yang berkelanjutan bagi masyarakat. and manages relevant issues, while implementing
Perseroan melakukan identifikasi, pemetaan, programs that align with stakeholders’ needs.
serta pengelolaan isu-isu yang relevan, sekaligus
mengimplementasikan berbagai program yang Stakeholder engagement is conducted through both
selaras dengan kebutuhan pemangku kepentingan. quantitative and qualitative approaches, guided
by the principles of inclusiveness, materiality, and
Keterlibatan pemangku kepentingan dilaksanakan responsiveness. Through this approach, the Company
melalui pendekatan kuantitatif dan kualitatif, dengan ensures that stakeholders are able to express their
mengedepankan prinsip inklusivitas, materialitas, views effectively, transparently, and in a timely
dan responsivitas. Melalui pendekatan ini, Perseroan manner as part of the decision-making process.
memastikan bahwa setiap pemangku kepentingan
memiliki kesempatan untuk menyampaikan The following table outlines the Company’s
pandangan secara efektif, transparan, dan tepat approach to stakeholder engagement.
waktu dalam proses pengambilan keputusan.
Tabel berikut menggambarkan pendekatan Perseroan
dalam melibatkan pemangku kepentingan.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Corporate Governance Social and Environmental
Implementation Report Responsibility
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BASIS
KELOMPOK IDENTIFIKASI
PEMANGKU DAN PENDEKATAN PELIBATAN TOPIK YANG DIBAHAS
KEPENTINGAN PENENTUAN PEMANGKU KEPENTINGAN SELAMA PELIBATAN
IDENTIFICATION STAKEHOLDER ENGAGEMENT APPROACHES TOPICS RAISED DURING ENGAGEMENT
STAKEHOLDER
AND
GROUPS
DETERMINATION
BASIS
• Mengadakan pertemuan rutin
antara Investor Relations
dan pemegang saham
• Rapat Umum Pemegang Saham (RUPS) • Pengelolaan risiko
• Presentasi manajemen perusahaan • Tata Kelola perusahaan
• Laporan Kinerja triwulan • Strategi dan kinerja
Tanggung jawab
• Situs perusahaan • Kinerja finansial
Investor Pengaruh
Investors Responsibility
• Hold regular meetings between • Risk management
Influence
Investor Relations and shareholders • Corporate governance
• Annual General Meeting of • Strategy and performance
Shareholders (AGMS) • Financial performance
• Corporate management presentation
• Quarterly performance report
• Company website
• Produk dan jasa
• Penanganan keluhan
• Fasilitas pelanggan di unit bisnis
• Survei kepuasan pelanggan internal
• Pengembangan kualitas dan ketepatan
• Survei kepuasan pelanggan eksternal
Pelanggan Ketergantungan
Customers Dependency • Product and services
• Internal customer satisfaction survey
• Complaint handling
• External customer satisfaction survey
• Customers facilities at business units
• Building quality and
handover timeliness
• Forum komunikasi karyawan • Pelatihan dan pengembangan
• Pertemuan rutin • Jenjang Karier
• Kegiatan karyawan • Remunerasi dan tunjangan
Karyawan Ketergantungan
Employees Dependency
• Employee communication forums • Training and development
• Regulars meetings • Career path
• Employees events • Remuneration and benefit
• Pengelolaan kebisingan dan
limbah yang mungkin berdampak
• Pertemuan rutin dengan terhadap area sekitar pabrik
Pengaruh masyarakat lokal • Pengembangan ekonomi
Tanggung Jawab • Program dan aktivitas • Kesempatan kerja
Masyarakat Lokal Kedekatan pengembangan masyarakat • Kesempatan menjadi pemasok
Local Lokasi
Communities Influence • Routine community • Sound and waste management of
Responsibility engagement meetings the property that may impacted
Proximity • Community development the surrounding areas
programs and activities • Economic development
• Opportunities to work
• Opportunities to be suppliers
• Pengelolaan risiko
• Laporan perusahaan • Tata kelola perusahaan
• Laporan kinerja triwulanan • Strategi bisnis
• Siaran pers • Kinerja finansial
Pengaruh
• Situs perusahaan • Produk dan jasa
LSM dan Media Tanggung Jawab
NGO and Media Influence
• Corporate reports • Risk management
Responsibility
• Quarterly performance report • Corporate governance
• Press releases • Business strategy
• Company website • Financial performance
• Product and service
36
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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BASIS
KELOMPOK IDENTIFIKASI
PEMANGKU DAN PENDEKATAN PELIBATAN TOPIK YANG DIBAHAS
KEPENTINGAN PENENTUAN PEMANGKU KEPENTINGAN SELAMA PELIBATAN
IDENTIFICATION STAKEHOLDER ENGAGEMENT APPROACHES TOPICS RAISED DURING ENGAGEMENT
STAKEHOLDER
AND
GROUPS
DETERMINATION
BASIS
• Mekanisme proses pengadaan
yang adil dan transparan
• Kontrak pengadaan barang dan jasa • Tidak ada pungutan biaya dan konflik
• Penilaian mitra kerja secara transparan kepentingan dalam proses pengadaan
Mitra Kerja/ • Penandatanganan pakta integritas • Menjalankan sistem manajemen
Pemasok Lokal anti-penyuapan
Ketergantungan
Business • Contracts for the supply of
Dependency
Partners / Local goods and services • Fair and transparent procurement
Suppliers • Transparent assessment process mechanism
of work partners • There are no fees or conflicts of
• Integrity pact signing interest in the procurement process
• Implement an anti-bribery
management system
• Kemudahan update perkembangan
industri melalui keanggotaan
• Informasi perkembangan, peluang
asosiasi industri dan profesional
dan tantangan industri
• Kerja sama dalam peningkatan
• Informasi regulasi terkait industri,
kapabilitas dan daya saing
Pertemuan secara periodik dengan
• Mendukung pengembangan iklim
asosiasi industri, serta asosiasi profesi
persaingan usaha yang sehat
Industri Sejenis Pengaruh
Similar Industries Influence • Information on industry developments,
• Ease of updating industry
opportunities and challenges
developments through membership of
• Information on industry-related
industry and professional associations
regulations, periodic meetings
• Cooperation in enhancing
with industry associations, and
capability and competitiveness
professional association
• Support the development of a
healthy business competition.
Keterangan: Description:
Basis identifikasi pemangku kepentingan mengacu pada standar The basis for stakeholder identification refers to the AA1000:2018 Stake-
AA1000:2018 Stakeholder Engagement Standard. holder Engagement Standard.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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RUANG LINGKUP, BATASAN
PELAPORAN DAN PELAPORAN DATA
SCOPE, REPORTING BOUNDARIES, AND DATA REPORTING
Pengumpulan data dalam Laporan ini mencerminkan The data presented in this Report reflects the
kinerja Perseroan sepanjang tahun 2025, baik secara Company’s performance throughout 2025, both
kuantitatif maupun kualitatif, yang mencakup aktivitas quantitative and qualitative, covering internal
internal dan eksternal. Data yang disajikan meliputi and external activities. The data includes the
kantor pusat dan entitas anak yang dikonsolidasikan head office and subsidiaries consolidated in the
dalam Laporan Keuangan Perseroan. [GRI 2-2] Company’s Financial Statements. [GRI 2-2]
Proses pengumpulan dan pelaporan data The data collection and reporting process follows
dilakukan dengan mengacu pada standar yang applicable standards for each aspect to ensure that
berlaku untuk masing-masing aspek, sehingga the information presented is relevant and comparable.
informasi yang disajikan bersifat relevan dan For financial reporting, the Company refers to the
dapat dibandingkan. Untuk pelaporan keuangan, Indonesian Financial Accounting Standards (PSAK).
Perseroan mengacu pada Pernyataan Standar Meanwhile, sustainability performance reporting is
Akuntansi Keuangan (PSAK) Indonesia. Sementara prepared in accordance with the Financial Services
itu, pelaporan kinerja keberlanjutan disusun sesuai Authority (OJK) Regulation No. 51/POJK.03/2017
dengan ketentuan dalam Peraturan Otoritas Jasa on the Implementation of Sustainable Finance. In
Keuangan (OJK) No. 51/POJK.03/2017 tentang addition, BNBR adopts the principles of ISO 26000
Penerapan Keuangan Berkelanjutan. Selain itu, as a reference for our social development initiatives.
BNBR juga mengadopsi prinsip-prinsip dalam
ISO 26000 sebagai acuan dalam pelaksanaan
program pengembangan sosial kemasyarakatan.
INFORMASI LEBIH LANJUT
DAN UMPAN BALIK
FURTHER INFORMATION AND FEEDBACK [SEOJK G.2]
Perseroan terbuka terhadap masukan We welcome feedback and input from
dan umpan balik dari para pemangku stakeholders as part of our continuous
kepentingan sebagai bagian dari upaya improvement efforts. Feedback can
perbaikan berkelanjutan. Umpan balik be submitted through: [GRI 2-3]
dapat disampaikan melalui: [GRI 2-3]
Investor Relations
PT Bakrie & Brothers Tbk
Bakrie Tower, Lantai 35-37,
Rasuna Epicentrum
Jl. H.R Rasuna Said,
Jakarta 12940, Indonesia
Tel : (+62 21) 2991 2222
Website : www.bakrie-brothers.com
Email : ir@bakrie.co.id
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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IKHTISAR
UTAMA >
MAIN HIGHLIGHTS
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Corporate Governance Social and Environmental
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IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS
Dalam miliar Rupiah, kecuali disebutkan lain | In billion Rupiah, unless stated otherwise
2025 2024 2023 2022* 2021*
Hasil-hasil Operasi | Result of Operations
Pendapatan Neto | Net Revenues 3.743 3.870 3.759 3.627 2.393
Beban Pokok Pendapatan | Cost of Goods Sold 2.999 3.000 2.876 2.910 1.972
Laba (Rugi) Bruto | Gross Profit (Loss) 744 869 883 716 422
Total Beban Usaha | Total Operating Expenses 628 587 535 484 401
Laba (Rugi) Usaha | Operating Profit (Loss) 117 283 348 232 21
Laba (Rugi) Neto | Net Profit (Loss) 503 336 264 306 87
EBITDA 224 388 446 362 176
Laba (Rugi) yang dapat diatribusikan kepada pemilik entitas
induk dan kepentingan non pengendali | Profit (Loss) 503 336 264 306 87
attributable to owners of parent and non-controlling interest
Total Laba (Rugi) Komprehensif
510 343 231 231 151
Total Comprehensive Income (Loss)
Jumlah Laba (Rugi) Komprehensif yang dapat diatribusikan
kepada pemilik entitas induk dan kepentingan non
510 343 231 231 151
pengendali | Total Comprehensive Income (Loss) atributable
to owners of parent and non-controlling interest
Laba Per Saham | Profit per Share
Jumlah Saham Beredar (dalam jutaan)
293.716 293.716 293.716 22.084 21.161
Total Outstanding Shares (in million)
Laba (Rugi) Bersih per Saham (angka penuh dalam Rupiah)
2,85 2,04 7,15 12,56 3,02
Net Profit (Loss) per Share (full amount in Rupiah)
Posisi Keuangan | Financial Position
Total Aset | Total Assets 23.568 6.829 7.102 17.463 15.219
Total Aset Lancar | Total Current Assets 4.418 3.629 3.944 14.296 11.966
Total Aset Tidak Lancar | Total Non-Current Assets 19.149 3.200 3.158 3.167 3.252
Total Liabilitas | Total Liabilities 18.896 2.918 4.441 15.937 13.924
Total Liabilitas Jangka Pendek | Total Short-Term Liabilities 3.596 2.151 3.957 15.335 13.329
Total Liabilitas Jangka Panjang | Total Long-Term Liabilities 15.300 767 484 602 595
Total Ekuitas | Total Equity 4.672 3.912 2.661 1.526 1.295
Modal Kerja Bersih | Net Working Capital 15.553 1.479 (13) (1.039) (1.363)
Arus Kas Operasi | Operating Cash Flow (107) 1 (318) 400 50
Informasi Keuangan Lainnya | Other Financial Information
Margin EBITDA | EBITDA Margin 5,98% 10,02% 11,86% 9,99% 7,35%
Margin Laba Bersih | Net Profit Margin 13,43% 8,68% 7,03% 8,44% 3,63%
Rasio Keuangan | Financial Ratios
Tingkat Pengembalian Aset | Return on Assets 2,13% 4,92% 3,72% 1,75% 0,57%
Tingkat Pengembalian Ekuitas | Return on Equity 10,76% 8,59% 9,94% 20,06% 6,70%
Rasio Lancar | Current Ratio 122,86% 168,75% 99,68% 93,22% 89,78%
Hutang Jangka Pendek / Ekuitas | Short Term Debt / Equity 0,77 0,55 1,49 10,05 10,29
Hutang Jangka Panjang / Ekuitas | Long Term Debt / Equity 3,28 0,20 0,18 0,39 0,46
Jumlah Hutang / Ekuitas | Total Debt / Equity 4,04 0,75 1,67 10,44 10,75
Total Liabilitas / Total Aset | Total Liabilities / Total Asset 0,80 0,43 0,63 0,91 0,91
*) angka 2021 disajikan kembali | 2021 numbers are restated
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
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IKHTISAR SAHAM
SHARES HIGHLIGHTS
Harga dan volume saham yang diperdagangkan 2024 & 2025 | Price and volume of shares traded 2024 & 2025
800.000 140
Harga Saham | Share Price
Volume
700.000
120
000’ Saham | 000’ Shares
600.000
IDR/Saham | IDR/Share
100
500.000
80
400.000
60
300.000
40
200.000
20
100.000
0 0
24
24
24
24
24
4
24
24
24
24
24
24
25
25
25
25
25
25
25
25
25
25
25
25
I2
N
B
AR
L
EI
LY
ST
PT
KT
V
ES
N
B
AR
R
EI
N
L
ST
PT
KT
V
ES
N
RI
JU
FE
O
AP
FE
O
JA
JA
JU
M
M
JU
JU
SE
D
AG
O
SE
D
AG
O
M
M
AP
N
N
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Pasar 2023 2024
Regular
Harga
Saham
Regular Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Market
Share Price
(Rupiah)
Tertinggi
53 50 48 56 42 33 61 127
Highest
Terendah
50 20 24 35 30 26 26 26
Lowest
Penutupan
50 24 38 35 30 30 55 127
Closing
Jumlah
Saham
Yang Diper-
1.402.339.700 240.837.959 377.526.646 882.323.600 294.831.800 370.664.600 2.863.131.900 9.758.549.300
dagangkan
Total Shares
Traded
Jumlah
Saham
Beredar
160.057.457.509 160.057.457.509 160.057.457.509 173.416.832.509 173.416.832.509 173.416.832.509 173.416.832.509 173.416.832.509
Total
Outstanding
Shares
Kapitalisasi Pasar (Rp juta) | Market Capitalization (Rp million)
Tertinggi
8.483.045 8.002.873 7.682.758 9.711.343 7.283.507 5.722.755 10.578.427 22.023.938
Highest
Terendah
8.002.873 3.201.149 3.841.379 6.069.589 5.202.505 4.508.838 4.508.838 4.508.838
Lowest
Penutupan
8.002.873 3.841.379 6.082.183 6.069.589 5.202.505 5.202.505 9.537.926 22.023.938
Closing
Pada Triwulan 4 tahun 2024, PT Bakrie & Brothers In 4th Quarter 2024, PT Bakrie & Brothers Tbk
Tbk melakukan aksi penerbitan saham baru exercised issuance of new shares through
PMTHMETD melalui konversi Obligasi Wajib Additional Paid-in Capital without Pre-emptive
Konversi menjadi saham Perseroan sebanyak Rights through conversion of Mandatory Convertible
13.359.375.000 lembar saham. Aksi korporasi Bonds as much as 13,359,375,000 shares. This
ini menyebabkan fluktuasi total saham beredar corporate action caused fluctuations of the total
naik menjadi 173.416.832.509 lembar saham. outstanding share rise to 173,416,832,509 shares.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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IKHTISAR KINERJA
KEBERLANJUTAN BNBR 2025
OVERVIEW OF SUSTAINABILITY ASPECTS 2025
ASPEK EKONOMI
ECONOMIC ASPECTS [SEOJK B.1]
Kinerja nilai ekonomi & distribusi
Economic value performance & distribution
INVESTASI PRODUK & LAYANAN RAMAH LINGKUNGAN
ECO-FRIENDLY PRODUCT & SERVICE INVESTMENT
RP66,3
MILIAR | BILLION
Bus listrik, energi panas bumi,
proyek rendah karbon
Electric buses, geothermal energy,
low-carbon projects
PROGRAM CSR / KEMASYARAKATAN
CSR / COMMUNITY INVESTMENT
RP2
MILIAR | BILLION
5 program: Peduli, Cerdas, Hijau, Sehat,
Kemitraan Untuk Negeri
5 programs across social, education,
environment, health & partnership
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ASPEK LINGKUNGAN
ENVIRONMENT ASPECTS [SEOJK B.2]
Pengelolaan sumber daya & dampak lingkungan | Resource management & environmental impact
KONSUMSI ENERGI
ENERGY CONSUMPTION EMISI GRK SCOPE 1 + 2
GHG EMISSIONS SCOPE 1 + 2
14.400.333 GJ 3.443.416 TCO₂E
INTENSITAS ENERGI 3,85 GJ
PER JUTA PENDAPATAN TOTAL SCOPE 1+2+3: 4.338.629 TCO₂E
ENERGY INTENSITY 3.85 GJ TOTAL SCOPE 1+2+3: 4,338,629 TCO₂E
PER MILLION REVENUE
KONSUMSI AIR TRANSISI ENERGY
WATER CONSUMPTION ENERGY TRANSITION
851.825 M³ 198 MW DAUR ULANG LIMBAH
68% Air Tanah TOTAL KAPASITAS PROYEK
Groundwater ENERGI TERBARUKAN 2025 TOTAL WASTE RECYCLED
32% PDAM
Utility (PDAM)
TOTAL CAPACITY OF
RENEWABLE ENERGY 2025 184 TON
ASPEK SOSIAL
SOCIAL ASPECTS [SEOJK B.3]
Ketenagakerjaan, K3, hak asasi & komunitas | Employment, OSH, human rights & community
KESELAMATAN & KESEHATAN KERJA (K3) PENGEMBANGAN SDM & PELATIHAN
OCCUPATIONAL SAFETY & HEALTH (OSH) HUMAN CAPITAL DEVELOPMENT & TRAINING
6,3 Frekuensi kecelakaan
Accident frequency rate
PELATIHAN BERKELANJUTAN AKTIF
ONGOING STRUCTURED
TRAINING PROGRAMMES
0 2 8 Termasuk program magang, upskilling,
FATALITY CEDERA BERAT HARI KERJA
FATALITIES SERIOUS HILANG leadership development
INJURIES LOST-TIME DAYS Incl. internship, upskilling & leadership development
SERIKAT PEKERJA & KEBEBASAN BERSERIKAT
HAK ASASI MANUSIA (HAM)
0
TRADE UNION & FREEDOM OF ASSOCIATION
HUMAN RIGHTS
945 Anggota serikat pekerja
Union members
Hak berserikat terlindungi sesuai UU Ketenagakerjaan
Pelanggaran HAM
Human rights violations
Right to organize protected under Indonesian Labour Law
Catatan / Note:
Nilai ekonomi langsung (pendapatan, laba, dividen) tersedia dalam bagian Keuangan dari Laporan ini. Semua angka telah melalui proses verifikasi internal.
Pelaporan mengacu pada Standar GRI 2021 dan POJK No. 51/POJK.03/2017
Direct economic values (revenue, profit, dividends) are disclosed in the Financial Section of this Report. All figures have undergone internal verification.
Reporting aligned with GRI Standards 2021 dan POJK 51/2017.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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KOMPOSISI KEPEMILIKAN SAHAM
SHAREHOLDERS COMPOSITION
berdasarkan DPS BNBR Per 31 Desember 2025 | based on BNBR shareholder register per December 31, 2025
KEPEM I LI K AN SAHAM DE WAN KOM ISARIS DAN DI REKSI
SHARES OWNERSHIP OF BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS
PERSENTASE
JUMLAH
PEMEGANG SAHAM JABATAN KEPEMILIKAN
SHAREHOLDERS POSITION
SAHAM
OWNERSHIP
TOTAL SHARE
PERCENTAGE
DEWAN KOMISARIS
BOARD OF COMMISSIONERS
Armansyah Yamin Komisaris Utama | President Commissioner 4.016.799 0,00%
Syailendra S. Bakrie Komisaris | Commissioner 0 0,00%
Adika Aryasthana Bakrie Komisaris | Commissioner 0 0,00%
Raniwati Komisaris Independen | Independent Commissioner 0 0,00%
Adrian Toho Parada
Komisaris Independen | Independent Commissioner 0 0,00%
Panggabean
TOTAL KEPEMILIKAN SAHAM DEWAN KOMISARIS
4.016.799 0,00%
TOTAL SHARES OWNERSHIP OF BOARD OF COMMISSIONERS
DIREKSI
BOARD OF DIRECTORS
Anindya N. Bakrie Direktur Utama | President Director 0 0,00%
A. Ardiansyah Bakrie Wakil Direktur Utama | Vice President Director 0 0,00%
Hendrajanto Marta Sakti Direktur | Director 0 0,00%
R.A. Sri Dharmayanti Direktur | Director 13.223.000 0,01%
Kartini Sally Direktur | Director 0 0,00%
TOTAL KEPEMILIKAN SAHAM DIREKSI
13.223.000 0,01%
TOTAL SHARES OWNERSHIP OF BOARD OF DIRECTORS
TOTAL 17.239.799 0,01%
PEM EGANG SAHAM YANG M EM I LI KI 5% ATAU LEB I H
TOTAL SHARES OWNERSHIP OF BOARD OF COMMISSIONERS & DIRECTORS
PERSENTASE
JUMLAH
PEMEGANG SAHAM KEPEMILIKAN
SHAREHOLDERS
SAHAM
OWNERSHIP
TOTAL SHARE
PERCENTAGE
PORT FRASER INTERNATIONAL LTD 45.102.744.597 26,01%
FOUNTAIN CITY INVESTMENT LTD 38.445.113.000 22,17%
UOB KAY HIAN PTE LTD 14.685.041.055 8,47%
EUROFA CAPITAL INVESTMENT INC 11.718.750.000 6,76%
LEVOCA ENTERPRISE LTD 9.219.385.798 5,32%
Sub Total 119.171.054.450 68,73%
Masyarakat (kepemilikan <5%) | Public (ownership <5%) 54.245.798.059 31,27%
TOTAL (SAHAM YANG DISETOR)
173.416.832.509 100,00%
TOTAL (FULLY PAID SHARES)
45
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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PEM EGANG SAHAM YANG M EM I LI KI 1% ATAU LEB I H
SHAREHOLDERS WITH 1% OWNERSHIP OR MORE
PERSENTASE
JUMLAH
PEMEGANG SAHAM KEPEMILIKAN
SHAREHOLDERS
SAHAM
OWNERSHIP
TOTAL SHARE
PERCENTAGE
PORT FRASER INTERNATIONAL LTD 45.102.744.597 26,01%
FOUNTAIN CITY INVESTMENT LTD 38.445.113.000 22,17%
UOB KAY HIAN PTE LTD 14.685.041.055 8,47%
EUROFA CAPITAL INVESTMENT INC 11.718.750.000 6,76%
LEVOCA ENTERPRISE LTD 9.219.385.798 5,32%
GRAND MARVEL INVESTMENT CORPORATION 8,000,000,000 4.61%
LEGACY TIMES INTERNATIONAL LIMITED 8,000,000,000 4.61%
PRODIGY ENERGY RESOURCES, PT 5,250,000,000 3.03%
INVESTISSEMENT U.T.C.S.A 5,070,180,100 2.92%
PRIMA ELOK MAKMUR, PT 3,274,086,632 1.89%
TRIMEGAH SEKURITAS INDONESIA TBK, PT 2,965,000,307 1.71%
PT. BIOFUEL INDO SUMATRA 2,230,423,800 1.29%
Sub Total 153.960.745.289 88,78%
Masyarakat (kepemilikan <1%)
19.456.087.220 11,22%
Public (ownership <1%)
TOTAL (SAHAM YANG DISETOR)
173.416.832.509 100,00%
TOTAL (FULLY PAID SHARES)
PEM EGANG SAHAM B ERDA SARK AN KL A SI FI K A SI
SHAREHOLDERS BASED ON CLASSIFICATION
PERSENTASE
JUMLAH
KEPEMILIKAN
STATUS TOTAL INVESTOR SAHAM
OWNERSHIP
TOTAL SHARE
PERCENTAGE
Lembaga Asing
280 143.975.539.893 83,02%
Foreign Institution
Lembaga Indonesia
327 20.717.114.455 11,95%
Local Institution
Perorangan Asing
152 94.484.968 0,05%
Foreign Individual
Perorangan Indonesia
42.710 8.629.693.193 4,98%
Local Individual
TOTAL 43.469 173.416.832.509 100,00%
46
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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KRONOLOGI PENCATATAN SAHAM
LISTING OF SHARES CHRONOLOGY
Perseroan mencatatkan sahamnya di Bursa Efek Indonesia
(d/h Bursa Efek Jakarta) dengan kode saham BNBR.
The Company listed it shares on The Indonesia Stock Exchange (previously
Jakarta Stock Exchange) with ticker code BNBR.
PERUBAHAN
TOTAL
JUMLAH
TIPE PENCATATAN TANGGAL LEMBAR RASIO
SAHAM NOMINAL (RP)
LISTING TYPE DATE SAHAM RATIO
CHANGE IN
TOTAL SHARES
SHARES VOLUME
Penawaran Umum Perdana 28 Agustus 1989
2.850.000 2.850.000 -
Initial Public Offering August 28, 1989
9 Maret 1990
Company Listing 16.150.000 19.000.000 -
March 9, 1990
27 November 1991
Private Placement I 978.969 19.978.969 -
November 27, 1991
10 Januari 1992
Private Placement II 1.031 19.980.000 -
January 10, 1992
HMETD I 4 Juni 1993
1.080.000 21.060.000 -
Rights Issue I June 4, 1993
Saham Bonus I 22 Juni 1994
31.590.000 52.650.000 2:3 1.000
Bonus of Shares I June 22, 199
HMETD II 14 Juli 1994
189.540.000 242.190.000 -
Rights Issue II July 14, 1994
Pemecahan Saham 7 Agustus 1995
242.190.000 484.380.000 1:2 500
Stock Split August 7, 1995
Saham Bonus II 17 Januari 1997
1.453.140.000 1.937.520.000 1:3 500
Bonus of Shares II January 17, 1997
Penambahan Modal Non HMETD
31 Oktober 2001
Additional Paid-in Capital 36.812.880.000 38.750.400.000 -
October 31, 2001
without Pre-emptive Rights
Seri | Series
Penggabungan Saham I 17 Maret 2005
-31.000.320.000 7.750.080.000 5:1 A : 2.500
Reverse Stock I March 17, 2005
B : 350
HMETD III 6 Mei 2005
19.220.198.400 26.970.278.400 -
Rights Issue III May 6, 2005
Penggabungan Saham II 6 Maret 2008
-13.485.139.200 13.485.139.200 2:1
Reverse Stock II March 6, 2008
HMETD IV & Waran Seri I
24 Maret 2008
Rights Issue IV & 80.236.578.240 93.721.717.440 -
March 24, 2008
Warrants Series I
Saham Ditempatkan &
1 April 2011
Disetor Penuh*) 88 93.721.717.528 -
April 1, 2011
Issued & Paid Up Shares *)
Penambahan Modal
Non HMETD I**) 15 Desember 2016 Seri | Series
3.300.000.000 97.021.717.528 -
Additional Paid-in Capital December 15, 2016 D : 50
without Pre-emptive Rights I **)
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PERUBAHAN
TOTAL
JUMLAH
TIPE PENCATATAN TANGGAL LEMBAR RASIO
SAHAM NOMINAL (RP)
LISTING TYPE DATE SAHAM RATIO
CHANGE IN
TOTAL SHARES
SHARES VOLUME
Penambahan Modal
Non HMETD II**) 31 Maret 2017 Seri | Series
16.458.094.820 113.479.812.348 -
Additional Paid-in Capital March 31, 2017 D : 50
without Pre-emptive Rights II **)
Penambahan Modal
Non HMETD III**) 12 September 2017 Seri | Series
55.751.960 113.535.564.308 -
Additional Paid-in Capital without September 12, 2017 D : 50
Pre-emptive Rights III **)
Penambahan Modal
Non HMETD IV**) 3 April 2018 Seri | Series
7.624.865.069 121.160.429.377 -
Additional Paid-in Capital without April 3, 2018 D : 50
Pre-emptive Rights IV **)
Penambahan Modal
Seri | Series
Non HMETD V**) 21 Mei 2018
623 121.160.430.000 - C : 72
Additional Paid-in Capital May 21, 2018
D : 551
without Pre-emptive Rights V **)
Seri | Series
A: 28.500
Penggabungan Saham III 31 Mei 2018
-109.044.386.377 12.116.043.000 10:1 B: 3.990
Reverse Stock III May 31, 2018
C: 1.140
D: 500
Penambahan Modal
Non HMETD VI**) 12 Desember 2018 Seri | Series
8.655.934.000 20.771.977.000 -
Additional Paid-in Capital without December 12, 2018 E : 64
Pre-emptive Rights VI **)
Penambahan Modal
Non HMETD VII**) 27 Februari 2019 Seri | Series
91.076.480 20.863.053.480 -
Additional Paid-in Capital without February 27, 2019 D : 500
Pre-emptive Rights VII **)
Penambahan Modal
Non HMETD VIII**) 29 Maret 2021 Seri | Series
297.811.781 21.160.865.261 -
Additional Paid-in Capital without March 29, 2021 D : 500
Pre-emptive Rights VIII **)
Penambahan Modal
Non HMETD IX**) 22 Desember 2022 Seri | Series
923.618.948 22.084.484.209 -
Additional Paid-in Capital without December 22, 2022 D : 500
Pre-emptive Rights IX **)
Penambahan Modal
Non HMETD X**) 29 November 2023 Seri | Series
99.527.840.300 121.612.324.509 -
Additional Paid-in Capital November 29, 2023 E : 64
without Pre-emptive Rights X **)
Penambahan Modal
Non HMETD XI**) 8 Desember 2023 Seri | Series
38.445.133.000 160.057.457.509 -
Additional Paid-in Capital without December 8, 2023 E : 64
Pre-emptive Rights XI **)
Penambahan Modal
Non HMETD XII 10 Desember 2024 Seri | Series
13.359.375.000 173.416.832.509
Additional Paid-in Capital December 10, 2024 E : 12
without Pre-emptive Rights XII
Catatan | Note:
HMETD: Hak Memesan Efek Terlebih Dahulu | Rights Issue
OWK: Obligasi Wajib Konversi | MCB: Mandatory Convertible Bond
*) Dari total Waran Seri I yang diterbitkan sebanyak 4.719.798.720, jumlah waran yang dikonversi menjadi saham sampai dengan berakhirnya periode pelaksanaan
waran tanggal 1 April 2011 adalah sebanyak 88 lembar. | Of the total number of Warrant Series I issued by as much as 4,719,798,720 warrants, total number of
warrant converted into shares until the end of exercise period on April 1, 2011 was as much as 88 warrants.
**) Merupakan konversi dari beberapa OWK. | Conversion of several MCBs.
48
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PENGHARGAAN & SERTIFIKASI 2024
AWARDS & CERTIFICATIONS 2024
PENGHARGAAN | AWARDS
B A K R I E AU TO PA R T S B A K R I E AU T O PA R T S B A K R I E AU T O PA R T S
Piagam Penghargaan dari Penghargaan dari MMKI Piagam Penghargaan dari
KPP Madya Kota Bekasi Suppliers Club (MSC) PT Yanmar Diesel Indonesia
Appreciation Certificate Medium Award from MMKI Appreciation Certificate from
Taxpayers Office of Bekasi City Suppliers Club (MSC) PT Yanmar Diesel Indonesia
FEB RUA RI 2025 | FEB RUA RY 2025 FEB RUA RI 2025 | FEB RUA RY 2025 A PRI L 2025 | A PRI L 2025
Pada 18 Februari 2025, KPP Pada 19 Februari 2025 PT Pada 10 April 2025, PT Yanmar
Madya Kota Bekasi memberikan Bakrie Autoparts memperoleh Diesel Indonesia (PT YADIN)
penghargaan kepada PT Bakrie penghargaan Juara 3 untuk memberikan penghargaan
Autoparts atas kontribusi dalam pencapaian Increase Capacity kepada PT Bakrie Autoparts
penerimaan negara tahun 2024. DB1 Line dalam QCC Activity sebagai pemasok atas kinerja
Fy24 yang diadakan oleh MMKI dan dukungan yang luar biasa
On February 18, 2025,
Suppliers Club (MSC). kepada PT YADIN selama aktivitas
Medium Taxpayers Office (KPP
produksi sepanjang tahun 2024.
Madya) of Bekasi City gave On February 19, 2025 PT Bakrie
an appreciation to PT Bakrie Autoparts received an award On April 10, 2025, PT Yanmar
Autoparts for its contribution as 3rd Winner for achievement Diesel Indonesia (PT YADIN) gave
in state revenue in 2024. in Increase Capacity DB1 Line in an award to PT Bakrie Autoparts
QCC Activity Fy24 carried out by as supplier for its outstanding
MMKI Suppliers Club (MSC). performance and support to
PT YADIN during production
activities throughout 2024.
B A K R I E AU T O PA R T S
Penghargaan dari Yanmar Way of Kaizen (YWK)
Supplier Convention ke-7 tahun 2025
Award from 7th Yanmar Way of Kaizen (YWK) Supplier Convention year 2025
NOV EM B ER 2025 | NOV EM B ER 2025
Pada 6 November 2025 PT Bakrie Autoparts memperoleh penghargaan Juara
3 dari Event Yanmar Way of Kaizen (YWK) Supplier Convention ke-7 tahun
2025 yang diadakan oleh PT Yanmar Diesel Indonesia (PT YADIN).
On November 6, 2025 PT Bakrie Autoparts received an award as 3rd
Winner from 7th Yanmar Way of Kaizen (YWK) Supplier Convention year
2025 event carried out by PT Yanmar Diesel Indonesia (PT YADIN).
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B A K R I E AU TO PA R T S BAKRIE CONSTRUCTION B A K R I E M E TA L I N D U S T R I E S
Medali Emas dan Perak Penghargaan dari PROPER 2024
Hino Innovation Convention PT McConnell Dowell (Penilaian Peringkat
(HICo) ke-8 tahun 2025 Indonesia Kinerja Perusahaan
Gold and Silver Medal from 8th Appreciation Certificate from Dalam Pengelolaan
Hino Innovation Convention PT McConnell Dowell Indonesia Lingkungan Hidup)
(HICo) year 2025 O K TO B E R 2 0 2 5 | O C TO B E R 2 0 2 5 PROPER 2024
DESEM B ER 2025 | DECEM B ER 2025 Pada 27 Oktober 2025, PT (Company Performance
Pada 18 Desember 2025, tim dari McConnell Dowell Indonesia Rating Assessment in
PT Bakrie Autoparts memperoleh memberikan penghargaan kepada Environmental Management)
medali emas dan perak untuk PT Bakrie Construction atas FEB RUA RI 2025 | FEB RUA RY 2025
Kategori Suggestion System (SS), kontribusi yang luar biasa kepada PT PT Bakrie Metal Industries berhasil
serta medali perak untuk kategori McConnell Dowell Indonesia dalam meraih PROPER peringkat Biru untuk
Quality Control Circle (QCC) dari penyelesaian proyek “Fabrication sub sektor Pabrikasi dan Konstruksi
ajang Hino Innovation Convention of Intake Head Jacket Structure”. Baja tahun 2024 dari Kementrian
(HICo) ke-8 tahun 2025 yang Lingkungan Hidup dan Kehutanan.
On October 27, 2025, PT
diadakan oleh Hino Indonesia Pemberian penghargaan diumumkan
McConnell Dowell Indonesia gave
Manufacturer Club (HIMC). pada tanggal 18 Februari 2025.
an appreciation to PT Bakrie
On December 18, 2024 a team Construction for its excellent PT Bakrie Metal Industries
from PT Bakrie Autoparts received contribution in the completion of received Blue Medals for
a gold and a silver medal for the “Fabrication of Intake Head Company Performance Rating
Suggestion System (SS) category, Jacket Structure” project. Assessment in Environmental
and a silver medal for Quality Management for Steel Fabrication
Control Circle (QCC) from 8th Hino and Construction sub-sector in
Innovation Convention (HICo) year 2024 from Ministry of Environment
2025 event carried out by Hino & Forestry. The award was
Indonesia Manufacturer Club (HIMC). announced on February 18, 2025.
BAKRIE PIPE INDUSTRIES
Piagam Penghargaan dari Badan Pusat
Statistik Republik Indonesia
Appreciation Certificate from Central Statistics Agency of the Republic of Indonesia
FEB RUA RI 2025 | FEB RUA RY 2025
PT Bakrie Pipe Industries meraih penghargaan dari BPS sebagai
responden yang responsif memberikan data dalam kegiatan Survei
Tahunan Perusahaan Industri Manufaktur pada Februari 2025.
PT Bakrie Pipe Industries received an award from BPS as a
responsive respondent providing data in the Annual Survey of
Manufacturing Industrial Companies in February 2025.
50
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
PROPER 2024 Perusahaan Mitra CSR Apresiasi untuk Perusahaan
(Penilaian Peringkat di Jawa Barat 2025 Pendukung Program
Kinerja Perusahaan CSR Partner Company Khitanan Untuk Negeri 2025
Dalam Pengelolaan in West Java 2025 Appreciation for Company
Lingkungan Hidup) A PRI L 2025 | A PRI L 2025 that Supports Circumcision
PROPER 2024 Charity Program in 2025
Pada 17 April 2025 PT Bakrie
(Company Performance Pipe Industries berhasil meraih NOV EM B ER 2025 | NOV EM B ER 2025
Rating Assessment in penghargaan dari Pemerintah Pada 27 November 2025
Environmental Management) Provinsi Jawa Barat sebagai Bakrie Amanah memberikan
FEB RUA RI 2025 | FEB RUA RY 2025 Perusahaan Mitra CSR di Jawa penghargaan kepada
PT Bakrie Pipe Industries berhasil Barat sepanjang tahun 2025. PT Bakrie Pipe Industries sebagai
meraih PROPER peringkat Biru Perusahaan pendukung program
On April 17, 2025 PT Bakrie
untuk sub sektor Logam tahun Khitanan untuk Negeri 2025.
Pipe Industries received an
2024 dari Kementrian Lingkungan award from the West Java On November 27, 2025 Bakrie
Hidup dan Kehutanan. Pemberian Provincial Government as a Amanah gave an appreciation
penghargaan diumumkan pada CSR Partner Company in West to PT Bakrie Pipe Industries
tanggal 18 Februari 2025. Java throughout 2025. as Company that supports its
PT Bakrie Pipe Industries received Circumcision Charity Program
Blue Medals for Company (“Khitanan Untuk Negeri”) in 2025.
Performance Rating Assessment
in Environmental Management
for Metal sub-sector in 2024
from Ministry of Environment
& Forestry. The award was
announced on February 18, 2025.
BAKRIE PIPE INDUSTRIES
Sertifikat Kelulusan dari KADIN Net Zero Hub 2025
Certificate of Accomplishment from KADIN Net Zero Hub 2025
SEPTEM B ER 2025 | SEPTEM B ER 2025
PT Bakrie Pipe Industries meraih sertifikat kelulusan dari KADIN Net Zero
Hub 2025 atas penyelesaian Corporate Assistance Program (CAP) Batch
3 periode 29 April hingga 9 September 2025, yang meliputi inventarisasi
emisi Gas Rumah Kaca (GRK) Scope 1, 2, dan 3, serta penetapan target
reduksi emisi berbasis sains dan penyusunan strategi dekarbonisasi yang
relevan dengan perusahaan industri manufaktur sektor besi dan baja.
PT Bakrie Pipe Industries received certificate of accomplishment from KADIN Net
Zero Hub 2025 for the completion of Corporate Assistance Program (CAP) Batch
3 period April 29 until September 9, 2025, which include inventory of Greenhouse
Gas (GHG) emissions Scope 1, 2, and 3, as well as as well as the setting of science-
based emission reduction targets and the development of a decarbonisation
strategy relevant to manufacturing companies in the iron and steel sector.
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BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Apresiasi untuk Perusahaan Apresiasi untuk Kategori Apresiasi untuk Kategori
Pendukung Program Corporate ZIS Payroll Zakat Payroll Participation
Beasiswa Pendidikan Movement Award Excellence Award
Appreciation for Company Appreciation for the Category Appreciation for the Zakat Payroll
that Supports Education of Corporate ZIS Payroll Participation Excellence Award
Scholarship Program in 2025 Movement Award FEB RUA RI 2026 | FEB RUA RY 2026
DESEM B ER 2025 | DECEM B ER 2025 FEB RUA RI 2026 | FEB RUA RY 2026 Pada 24 Februari 2026 Bakrie
Pada 23 Desember 2025 Bakrie Pada 24 Februari 2026 Bakrie Amanah memberikan penghargaan
Amanah memberikan penghargaan Amanah memberikan penghargaan kepada PT Bakrie Pipe Industries
kepada PT Bakrie Pipe Industries kepada PT Bakrie Pipe Industries untuk kategori Zakat Payroll
sebagai Perusahaan pendukung untuk kategori Corporate ZIS Participation Excellence Award.
program Beasiswa Pendidikan Payroll Movement Award.
On February 24, 2026 Bakrie
Lembaga Amil Zakat (LAZ)
On February 24, 2026 Bakrie Amanah gave an appreciation
Yayasan Bakrie Amanah.
Amanah gave an appreciation to PT Bakrie Pipe Industries for
On December 23, 2025 Bakrie to PT Bakrie Pipe Industries for the category of Zakat Payroll
Amanah gave an appreciation the category of Corporate ZIS Participation Excellence Award.
to PT Bakrie Pipe Industries Payroll Movement Award.
as Company that supports its
Zakat Collection Institution (LAZ)
Education Scholarship program.
B R A JA M U K T I C A K R A
Piagam Penghargaan Perusahaan Pendukung
Program Berdaya Bersama Untuk Negeri 2025
Appreciation for Company that Supports Ramadhan Charity Program in 2024
JA N UA RI 2025 | JA N UA RY 2025
Pada 21 Januari 2025 Bakrie Amanah memberikan penghargaan
kepada PT Braja Mukti Cakra sebagai Perusahaan pendukung
program Berdaya Bersama Untuk Negeri sepanjang tahun 2024.
On January 21, 2025 Bakrie Amanah gave an appreciation to PT Braja
Mukti Cakra as Company that supports its Social, Humanity and Religious
Program (“Berdaya Bersama Untuk Negeri”) throughout 2024.
52
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
B R A JA M U K T I C A K R A B R A JA M U K T I C A K R A B R A JA M U K T I C A K R A
Piagam Penghargaan dari PROPER 2024 Piagam Penghargaan dari
KPP Madya Kota Bekasi (Penilaian Peringkat PT Isuzu Astra
Appreciation Certificate Medium Kinerja Perusahaan Motor Indonesia
Tax Payers Office of Bekasi City Dalam Pengelolaan Certificate of Appreciation as
FEB RUA RI 2025 | FEB RUA RY 2025 Lingkungan Hidup) “Good Delivery Supplier”
Pada 18 Februari 2025, KPP PROPER 2024 FEB RUA RI 2025 | FEB RUA RY 2025
Madya Kota Bekasi memberikan (Company Performance Pada 24 Februari 2025, PT Isuzu
penghargaan kepada PT Braja Rating Assessment in Astra Motor Indonesia memberikan
Mukti Cakra atas kontribusi dalam Environmental Management) penghargaan kepada PT Braja
penerimaan negara tahun 2024. FEB RUA RI 2025 | FEB RUA RY 2025 Mukti Cakra atas “Excellent Quality
PT Braja Mukti Cakra berhasil Performance” (kinerja kualitas
On February 18, 2025, Medium Tax
meraih PROPER peringkat Biru yang sangat baik) yang telah
Payers Office (KPP Madya) of Bekasi
untuk sub sektor Otomotif tahun diberikan sepanjang tahun 2024.
City gave an appreciation to PT
Braja Mukti Cakra for its contribution 2024 dari Kementrian Lingkungan On February 24, 2025, PT Isuzu
in state revenue in 2024. Hidup dan Kehutanan. Pemberian Astra Motor Indonesia gave an
penghargaan diumumkan pada appreciation to PT Braja Mukti Cakra
tanggal 18 Februari 2025. for “Excellent Quality Performance”
PT Braja Mukti Cakra received provided throughout 2024.
Blue Medals for Company
Performance Rating Assessment
in Environmental Management for
Automotive sub-sector in 2024
from Ministry of Environment
& Forestry. The award was
announced on February 18, 2025.
B R A JA M U K T I C A K R A
Piagam Penghargaan dari PT Isuzu Astra Motor Indonesia
Appreciation Certificate from PT Isuzu Astra Motor Indonesia
FEB RUA RI 2025 | FEB RUA RY 2025
Pada 24 Februari 2025, PT Isuzu Astra Motor Indonesia memberikan
penghargaan kepada PT Braja Mukti Cakra atas “Excellent OEM Delivery
Performance” (kinerja pengiriman Produsen Peralatan Asli - OEM
yang sangat baik) yang telah diberikan sepanjang tahun 2024.
On February 24, 2025, PT Isuzu Astra Motor Indonesia gave
an appreciation to PT Braja Mukti Cakra for “Excellent OEM
Delivery Performance” provided throughout 2024.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 56
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
B R A JA M U K T I C A K R A B R A JA M U K T I C A K R A B I N A U S A H A M A N D I R I M I Z U S AWA
Piagam Penghargaan dari Sertifikat Apresiasi bagi Piagam Penghargaan dari
PT Isuzu Astra Partisipasi dalam Program PT Yanmar Diesel Indonesia
Motor Indonesia Penghijauan Kota Bekasi Appreciation Certificate from
Appreciation Certificate from Appreciation Certificate PT Yanmar Diesel Indonesia
PT Isuzu Astra Motor Indonesia for Participation in Bekasi A PRI L 2025 | A PRI L 2025
City Greening Program
FEB RUA RI 2025 | FEB RUA RY 2025 Pada 10 April 2025, PT Yanmar
Pada 24 Februari 2025, PT Isuzu FEB RUA RI 2025 | FEB RUA RY 2025 Diesel Indonesia (PT YADIN)
Astra Motor Indonesia memberikan Pada 28 Februari 2025 Dinas memberikan penghargaan kepada
penghargaan kepada PT Braja Lingkungan Hidup (DLH) Kota PT Bina Usaha Mandiri Mizusawa
Mukti Cakra atas “Excellent OES Bekasi memberikan apresiasi sebagai pemasok atas kinerja
Delivery Performance” (kinerja kepada PT Braja Mukti Cakra atas dan dukungan yang luar biasa
pengiriman Produsen Peralatan Asli partisipasi dalam penyediaan kepada PT YADIN selama aktivitas
- OES yang sangat baik) yang telah pohon sebagai dukungan program produksi sepanjang tahun 2024.
diberikan sepanjang tahun 2024. penghijauan Kota Bekasi.
On April 10, 2025, PT Yanmar
On February 24, 2025, PT Isuzu On February 28, 2025, Diesel Indonesia (PT YADIN)
Astra Motor Indonesia gave Environmental Agency (DLH) of gave an appreciation to PT
an appreciation to PT Braja Bekasi City gave an appreciation Bina Usaha Mandiri Mizusawa
Mukti Cakra for “Excellent to PT Braja Mukti Cakra for as supplier for its outstanding
OES Delivery Performance” its participation in providing performance and support to
provided throughout 2024. trees to support the Bekasi PT YADIN during production
City greening program. activities throughout 2024.
B I N A U S A H A M A N D I R I M I Z U S AWA
Piagam Penghargaan dari PT Panasonic Manufacturing Indonesia
Appreciation Certificate from PT Panasonic Manufacturing Indonesia
M E I 2 0 2 5 | M AY 2 0 2 5
Pada 30 Mei 2025, PT Panasonic Manufacturing Indonesia memberikan
penghargaan kepada PT Bina Usaha Mandiri Mizusawa atas dukungan
dan kerjasama yang telah diberikan sepanjang tahun 2024.
On May 30, 2025, PT Panasonic Manufacturing Indonesia gave an appreciation to
PT Bina Usaha Mandiri Mizusawa for its support and cooperation provided throughout 2024.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 57
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
B I N A U S A H A M A N D I R I M I Z U S AWA B I N A U S A H A M A N D I R I M I Z U S AWA M U LT I KO N T R O L N U S A N TA R A
Sertifikat Apresiasi dari Sertifikat dari Forum Sinergi Penghargaan Kecelakaan
Komatsu Group Indonesia Inovasi Industri Indogritek Nihil (Zero Accident)
QC Supplier Convention Certificate from Innovation Synergy Appreciation of Zero Accident
ke-7 tahun 2025 in Indogritech Industry Forum FEB RUA RI 2025 | FEB RUA RY 2025
Appreciation Certificate from 7th NOV EM B ER 2025 | NOV EM B ER 2025 Pada 26 Juni 2025, Gubernur
Komatsu Group Indonesia QC Pada 8 November 2025 Kalimantan Timur memberikan
Supplier Convention year 2025 PT Bina Usaha Mandiri Mizusawa piagam penghargaan Kecelakaan
SEPTEM B ER 2025 | SEPTEM B ER 2025 menerima sertifikat “Join Force Nihil (Zero Accident) Tahun 2024
Pada 16 September 2025 Bedil Certification” dari Forum Sinergi kepada PT Multi Kontrol Nusantara
Team dari PT Bina Usaha Mandiri Inovasi Industri Indogritec pada Site KPC Sangatta atas prestasi
Mizusawa memperoleh sertifikat ajang Indogritech Expo. dalam melaksanakan Program
apresiasi untuk inisiatif bertopik Keselamatan dan Kesehatan Kerja
On November 8, 2025
“Menurunkan Reject Swelling di Part (K3) sehingga mencapai 763.304
PT Bina Usaha Mandiri Mizusawa
Ring D65” dari ajang Komatsu Group jam kerja orang tanpa kecelakaan
received a certificate of “Join
Indonesia QC Supplier Convention kerja, terhitung sejak 9 September
Force Certification” from
ke-7 tahun 2025 yang diadakan 2021 hingga 31 Desember 2024.
Innovation Synergy in Indogritech
oleh PT Komatsu Indonesia. Industry Forum during the On June 26, 2025, The Governor
On September 16, 2025 Bedil Indogritech Expo event. of East Kalimantan gave an
Team from PT Bina Usaha Mandiri appreciation charter of Zero
Mizusawa received appreciation Accident in 2024 to PT Multi
certificate for its initiative with Kontrol Nusantara Site KPC
the topic titled “Decreasing Sangatta for its achievements in
Reject Swelling on Part Ring implementing the Occupational
D65” from 7th Komatsu Group Safety and Health (K3) Program so
Indonesia QC Supplier Convention that it achieved 763,304 working
year 2025 event carried out hours without work accidents,
by PT Komatsu Indonesia. starting from 9 September
2021 to 31 December 2024
M U LT I KO N T R O L N U S A N TA R A
Penghargaan Program Pencegahan dan
Penanggulangan HIV & AIDS di Tempat Kerja
Appreciation for HIV & AIDS Prevention and Control Program Award in the Workplace
JU N I 2025 | JU N E 2025
Pada 26 Juni 2025, Gubernur Kalimantan Timur memberikan piagam
penghargaan kepada PT Multi Kontrol Nusantara Site KPC Sangatta atas
prestasi dalam melaksanakan Program Pencegahan dan Penanggulangan
HIV & AIDS di tempat kerja Tahun 2024 dengan kategori Platinum.
On June 26, 2025, The Governor of East Kalimantan gave an
appreciation charter to PT Multi Kontrol Nusantara Site KPC Sangatta
for its achievements in implementing the HIV & AIDS Prevention and
Control Program in the workplace year 2024 with Platinum category.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 58
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
M U LT I KO N T R O L N U S A N TA R A SOUTH EAST ASIA V K T R T E K N O LO G I M O B I L I TA S
Penghargaan Mitra PIPE INDUSTRIES
Piagam Penghargaan dari
Pemeliharaan Korporat Piagam Penghargaan dari Ajang “Indonesia Best
Terbaik Tahun 2025 Palang Merah Indonesia Electricity Award 2025”
Appreciation of Best Corporate Appreciation from Indonesian Certificate of Appreciation
Maintenance Partner of Red Cross (PMI) from “Indonesia Best
the Year in 2025 FEB RUA RI 2025 | FEB RUA RY 2025 Electricity Award 2025”
JA N UA RI 2026 | JA N UA RY 2026 Pada 13 Februari 2025 Palang J U L I 2 0 2 5 | J U LY 2 0 2 5
Pada 28 Januari 2026, PT PLN Merah Indonesia (PMI) memberikan PT VKTR Teknologi Mobilitas Tbk
ICON Plus SBU Jawa Barat penghargaan kepada PT South menerima piagam penghargaan
memberikan penghargaan kepada East Asia Pipe Industries atas “The Best Electric Vehicle Company
PT Multi Kontrol Nusantara terselenggaranya kegiatan on Electric Vehicle Manufacturing”
sebagai Mitra Pemeliharaan donor darah sukarela dalam dari ajang Indonesia Best Electricity
Korporat Terbaik 2025, atas kegiatan Corporate Social Award 2025 pada 4 Juli 2025.
komitmen dan Kepatuhan dalam Responsibility (CSR).
PT VKTR Teknologi Mobilitas
menerapakan serta mendukung
On February 13, 2025 the Tbk received a certificate of
Keselamatan dan Kesehatan Kerja
Indonesian Red Cross (PMI) gave appreciation as “The Best
(K3) di Lingkungan Kerja PT PLN
an appreciation to PT South Electric Vehicle Company on
ICON Plus SBU Jawa Barat
East Asia Pipe Industries for the Electric Vehicle Manufacturing”
On January 28, 2026, PT PLN ICON implementation of voluntary blood in the Indonesia Best Electricity
Plus SBU West Java gave an award donor activity as part of Corporate Award 2025 on July 4, 2025.
to PT Multi Kontrol Nusantara as Social Responsibility (CSR) activities.
the Best Corporate Maintenance
Partner 2025, for commitment
and compliance in implementing
and supporting Occupational
Safety and Health (K3) in the
PT PLN ICON Plus SBU West Java.
V K T R T E K N O LO G I M O B I L I TA S
Piagam Penghargaan dari Ajang
“Indonesia Excellence GCG Awards 2025”
Certificate of Appreciation from “Indonesia Excellence GCG Awards 2025”
JU N I 2025 | JU N E 2025
PT VKTR Teknologi Mobilitas Tbk menerima piagam penghargaan “Indonesia
Excellence Good Corporate Governance Ethics in Advancing Ethical Electric
Mobility through Risk Based Governance Approach” untuk kategori Automotive &
Components dari ajang Indonesia Excellence GCG Awards 2025 yang diadakan
oleh Warta Ekonomi Research and Consulting pada 25 Juni 2025.
PT VKTR Teknologi Mobilitas Tbk received a certificate of appreciation as
“Indonesia Excellence Good Corporate Governance Ethics in Advancing Ethical
Electric Mobility through Risk Based Governance Approach” for the category
Automotive & Components in the Indonesia Excellence GCG Awards 2025
carried out by Warta Ekonomi Research and Consulting on June 25, 2025.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 59
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
V K T R T E K N O LO G I M O B I L I TA S
Piagam Penghargaan dari
Ajang “Indonesia Best Public
Company Awards 2025”
Certificate of Appreciation
from “Indonesia Best Public
Company Awards 2025”
O K TO B E R 2 0 2 5 | O C TO B E R 2 0 2 5
PT VKTR Teknologi Mobilitas Tbk
menerima piagam penghargaan
“The Fastest Growing New Public
Company 2025 in Auto Component
Products for Precious Earning
Performances” untuk kategori
Auto Component dari ajang
Indonesia Best Public Company
Awards 2025 yang diadakan oleh
Warta Ekonomi Research and
Consulting pada 31 Oktober 2025.
PT VKTR Teknologi Mobilitas
Tbk received a certificate of
appreciation as “The Fastest
Growing New Public Company 2025
in Auto Component Products for
Precious Earning Performances”
for the category Auto Component
in the Indonesia Best Public
Company Awards 2025 carried out
by Warta Ekonomi Research and
Consulting on October 31, 2025.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 60
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
SERTIFIKASI | CERTIFICATION
B A K R I E AU TO PA R T S B A K R I E AU T O PA R T S B A K R I E AU T O PA R T S
Sertifikat Bengkel ISO 9001:2015 IATF 16949
Kendaraan Bermotor J U N I 2 0 24 – J U N I 2 0 2 7 J U N I 2 0 24 – J U N I 2 0 2 7
Listrik Berbasis Baterai J U N E 2 0 24 – J U N E 2 0 2 7 J U N E 2 0 24 – J U N E 2 0 2 7
Battery-Based Electric Motorized Sertifikasi Quality Management Sertifikasi Quality Management
Vehicle Workshop Certificate System ISO 9001:2015 (TÜV SÜD) System IATF 16949 (TÜV SÜD)
DESEM B ER 2022 – DESEM B ER 2027 untuk manufaktur Casted Metal dan untuk Manufaktur Casted dan
DECEM B ER 2022 – DECEM B ER 2027 Machined Parts untuk Brake Drum, Machined Parts untuk Brake Drum,
Sertifikat bengkel kendaraan Fly Wheel, Disc Brake, Hub, Fly Wheel, Disc Brake, Hub, Parking
bermotor listrik berbasis baterai Parking Brake Drum, dan Bracket Brake Drum, dan Bracket Generator
(Bus dan Truk Listrik) diberikan oleh Generator telah diperoleh telah diperoleh PT Bakrie
PT Sucofindo kepada PT Bakrie PT Bakrie Autoparts sejak Autoparts sejak 25 Juni 2024 dan
Autoparts “VKTR EV Workshop) atas 6 Juni 2024 dan berlaku berlaku hingga 24 Juni 2027.
keberhasilan dalam pemenuhan hingga 5 Juni 2027.
Quality Management System
unsur penilaian klasifikasi bengkel Quality Management System Certificate; IATF 16949 (TÜV
yang meliputi : Sistem Manajemen Certificate; ISO 9001:2015 (TÜV SÜD) Manufacturing of Casted
Mutu, Fasilitas dan Peralatan, SÜD) Manufacture of Casted Metal and Machined Parts for Brake
Mekanik, serta Manajemen Informasi and Machined Parts for Brake Drum, Drum, Fly Wheel, Disc Brake,
dan sertifikat ini diperoleh pada Fly Wheel, Disc Brake, Hub, Parking Hub, Parking Brake Drum, and
21 Desember 2022 dan berlaku Brake Drum, and Bracket Generator Bracket Generator was obtained
sampai 21 Desember 2027. was obtained by PT Bakrie by PT Bakrie Autoparts on
Battery-based electric motorized Autoparts on June 6, 2024 This June 25, 2024 This certificate
vehicle workshop certificate (Bus certificate is valid until June 5, 2027. is valid until June 24, 2027.
and Electric Truck) was awarded by
PT Sucofindo to PT Bakrie Autoparts
“VKTR EV Workshop) for success
in fulfilling the elements of the
workshop classification assessment
which includes: Quality Management
System, Facilities and Equipment,
Mechanical, and Information
Management and this certificate B A K R I E AU T O PA R T S
was obtained on December 21, 2022 Sertifikat Bengkel Kendaraan Bermotor
and is valid until December 21, 2027. Listrik Berbasis Baterai
Battery-Based Electric Motorized Vehicle Workshop Certificate
DESEM B ER 2022 – DESEM B ER 2027
DECEM B ER 2022 – DECEM B ER 2027
Sertifikat bengkel kendaraan bermotor listrik berbasis
baterai (Bus dan Truk Listrik) diberikan oleh PT Sucofindo
kepada PT Bakrie Autoparts “VKTR EV Workshop” atas
keberhasilan dalam pemenuhan unsur penilaian klasifikasi
bengkel yang meliputi : Sistem Manajemen Mutu, Fasilitas dan Peralatan,
Mekanik, serta Manajemen Informasi dan sertifikat ini diperoleh pada
21 Desember 2022 dan berlaku sampai 21 Desember 2027.
Battery-based electric motorized vehicle workshop certificate (Bus and
Electric Truck) was awarded by PT Sucofindo to PT Bakrie Autoparts “VKTR EV
Workshop” for success in fulfilling the elements of the workshop classification
assessment which includes: Quality Management System, Facilities and
Equipment, Mechanical, and Information Management and this certificate
was obtained on December 21, 2022 and is valid until December 21, 2027.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE CONSTRUCTION BAKRIE CONSTRUCTION BAKRIE CONSTRUCTION
ISO 9001:2015 ISO 14001:2015 ISO 45001:2018
JU N I 2025 – JU N I 2028 JU N I 2025 – JU N I 2028 JU N I 2025 – JU N I 2028
J U N E 2 02 5 – J U N E 2 02 8 J U N E 2 02 5 – J U N E 2 02 8 J U N E 2 02 5 – J U N E 2 02 8
Sertifikasi Management System ISO Sertifikasi Management System Sertifikasi Management System
9001:2015 untuk pelayanan fabrikasi, ISO 14001:2015 untuk pelayanan ISO 45001:2018 untuk pelayanan
pengadaan dan konstruksi bagi fabrikasi, pengadaan dan konstruksi fabrikasi, pengadaan dan konstruksi
fasilitas dan infrastruktur minyak bagi fasilitas dan infrastruktur minyak bagi fasilitas dan infrastruktur minyak
dan gas, energi dan pertambangan dan gas, energi dan pertambangan dan gas, energi dan pertambangan
diperoleh oleh PT Bakrie diperoleh oleh PT Bakrie diperoleh oleh PT Bakrie
Construction yang berlaku mulai Construction yang berlaku mulai Construction yang berlaku mulai
10 Juni 2025 hingga 9 Juni 2028. 10 Juni 2025 hingga 9 Juni 2028. 10 Juni 2025 hingga 9 Juni 2028.
Management System Management System Certificate; Management System Certificate
Certificate ISO 9001:2015 ISO 14001:2015 for Provision of ISO 45001:2018 for Provision of
Engineering, Procurement and Engineering, Procurement and
for Provision of Engineering,
Construction Service for Oil & Gas, Construction Service for Oil & Gas,
Procurement and Construction
Energy & Mining Facilities and Energy & Mining Facilities and
Service for Oil & Gas, Energy &
Infrastucture was obtained by PT Infrastucture was obtained by PT
Mining Facilities and Infrastucture
Bakrie Construction and is valid from Bakrie Construction and is valid from
was obtained by PT Bakrie
June 10, 2025 to June 9, 2028. June 10, 2025 to June 9, 2028.
Construction and is valid from
June 10, 2025 to June 9, 2028.
B A K R I E M E TA L I N D U S T R I E S
ISO 9001:2015
JA N UA RI 2025 – JA N UA RI 2028 | JA N UA RY 2025 – JA N UA RY 2028
Sertifikasi Sistem Manajemen Mutu; ISO 9001:2015 untuk Desain,
Pengembangan dan Pembuatan Struktur Baja, Jembatan dan
Lembaran Baja Bergelombang, diperoleh PT Bakrie Metal Industries
yang berlaku mulai 8 Januari 2025 hingga 7 Januari 2028.
Certification of Quality Management System; ISO 9001:2015 for
Design, Development and Manufacture of Steel Structures, Bridges
and Corrugated Steel Sheets, obtained by PT Bakrie Metal Industries
which is valid from January 8, 2025 to January 7, 2028.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
B A K R I E M E TA L I N D U S T R I E S B A K R I E M E TA L I N D U S T R I E S B A K R I E M E TA L I N D U S T R I E S
ISO 9001:2015 ISO 14001:2015 ISO 45001:2018
JA N UA RI 2025 – JA N UA RI 2028 JA N UA RI 2025 – JA N UA RI 2028 JA N UA RI 2025 – JA N UA RI 2028
J A N U A RY 2 02 5 – J A N U A RY 2 02 8 J A N U A RY 2 02 5 – J A N U A RY 2 02 8 J A N U A RY 2 02 5 – J A N U A RY 2 02 8
Sertifikasi Sistem Manajemen Sertifikasi Sistem Manajemen Sertifikasi Sistem Manajemen
Mutu; ISO 9001:2015 untuk Desain, Lingkungan; ISO 14001:2015 untuk Kesehatan & Keselamatan Kerja;
Pengembangan dan Pembuatan Desain, Pengembangan dan ISO 45001:2018 untuk Desain,
Struktur Baja, Jembatan dan Pembuatan Struktur Baja, Jembatan Pengembangan dan Pembuatan
Lembaran Baja Bergelombang, dan Lembaran Baja Bergelombang, Struktur Baja, Jembatan dan
diperoleh PT Bakrie Metal Industries diperoleh PT Bakrie Metal Industries Lembaran Baja Bergelombang,
yang berlaku mulai 8 Januari yang berlaku mulai 8 Januari diperoleh PT Bakrie Metal Industries
2025 hingga 7 Januari 2028. 2025 hingga 7 Januari 2028. yang berlaku mulai 8 Januari
2025 hingga 7 Januari 2028.
Certification of Quality Management Certification of Environment
System; ISO 9001:2015 for Design, Management System; ISO Certification of Environment
Development and Manufacture 14001:2015 for Design, Development Management System; ISO
of Steel Structures, Bridges and and Manufacture of Steel Structures, 45001:2018 for Design, Development
Corrugated Steel Sheets, obtained Bridges and Corrugated Steel and Manufacture of Steel Structures,
by PT Bakrie Metal Industries Sheets, obtained by PT Bakrie Bridges and Corrugated Steel
which is valid from January 8, Metal Industries which is valid from Sheets, obtained by PT Bakrie
2025 to January 7, 2028. January 8, 2025 to January 7, 2028. Metal Industries which is valid from
January 8, 2025 to January 7, 2028.
B A K R I E M E TA L I N D U S T R I E S
ISO 37001:2016
M E I 2 0 2 5 – M E I 2 0 2 8 | M AY 2 0 2 5 – M AY 2 0 2 8
Sertifikasi Sistem Manajemen Anti Penyuapan; ISO 37001:2016 (TNV System
Certification) untuk Desain, Pengembangan dan Pembuatan Struktur
Baja, Jembatan dan Lembaran Baja Bergelombang, diperoleh PT Bakrie
Metal Industries yang berlaku mulai 16 Mei 2025 hingga 15 Mei 2028.
Certification of Anti-Bribery Management System; ISO 37001:2016 (TNV
System Certification) for Design, Development and Manufacture of Steel
Structures, Bridges and Corrugated Steel Sheets, obtained by PT Bakrie
Metal Industries which is valid from May 16, 2025 to May 15, 2028.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
B A K R I E M E TA L I N D U S T R I E S BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
SNI 07-0950-1989 ISO 9001:2015 (ERW) Sertifikat Penghargaan
JU LI 2025 – JU LI 2029 A PRI L 2023 – M EI 2026 – Sistem Manajemen
J U LY 2 02 5 – J U LY 2 02 9 A P R I L 2 02 3 – M AY 2 02 6 Keselamatan dan
Sertifikat Kesesuaian (TÜV Nord Sertifikasi Quality Management Kesehatan Kerja
Indonesia) untuk produk Pipa dan System ISO 9001:2015 (ABS Quality Certificate of Appreciation
Pelat Baja Bergelombang Lapis Evaluation) untuk Fabricated – Occupational Safety and
Seng, diperoleh PT Bakrie Metal Steel Pipe, Steel Poles, Coated Health Management System
Industries yang berlaku mulai 17 Steel Pipes, Galvanized Steel A G U S T U S 2 0 24 – A G U S T U S 2 0 2 7
Juli 2025 hingga 16 Juli 2029. Pipes, Rectangular and Square AU G U S T 2 024 – AU G U S T 2 027
Pipe for ERW Type diperoleh oleh Sertifikat Penghargaan untuk Sistem
Certificate of Conformity (TÜV
PT Bakrie Pipe Industries sejak Manajemen dan Kesehatan Kerja
NORD Indonesia) for Zinc-Coated
17 Juli 1992 dan telah dilakukan secara resmi telah diberikan oleh
Corrugated Steel Pipes and
resertifikasi yang berlaku mulai 12 Menteri Ketenagakerjaan Republik
Plates, obtained by PT Bakrie
April 2023 hingga 18 Mei 2026. Indonesia, M. Hanif Dhakiri. Sertifikat
Metal Industries which is valid from
July 17, 2025 to July 16, 2029. Quality Management System berdasarkan Surat Keputusan
Certificate ISO 9001:2015 (ABS Menteri Ketenagakerjaan Republik
Quality Evaluation) for Fabricated Indonesia No. 201 Tahun 2017
Steel Pipe, Steel Poles, Coated untuk menyatakan bahwa PT Bakrie
Steel Pipes, Galvanized Steel Pipes, Pipe Industries telah menerapkan
Rectangular and Square Pipes Sistem Manajemen Keselamatan
for ERW Type that was obtained dan Kesehatan Kerja dengan
by PT Bakrie Pipe Industries on hasi pencapaian 93.37% untuk
July 17, 1992. This certificate is kategori tingkat lanjutan. Sertifikat
recertified and is valid from April diraih pada 6 Agustus 2024 dan
12, 2023 until May 18, 2026. berlaku sampai 6 Agustus 2027.
Certificate of Appreciation for
Occupational Safety and Health
Management System was awarded
by The Minister Of Employment
Of The Republic Of Indonesia,
BAKRIE PIPE INDUSTRIES M. Hanif Dhakiri. The certificate
Sertifikat Akreditasi is based on the Decree Of The
SNI ISO/IEC 17025:2017 Minister Of Employment Of The
Accreditation Certificate SNI Republic Of Indonesia no. 201 year
ISO/IEC 17025:2017 2017 to certify that PT Bakrie Pipe
Industries has implemented an
DESEM B ER 2021 – JU LI 2026 |
Occupational Safety and Health
D E C E M B E R 2 0 2 1 – J U LY 2 0 2 6
Management System with an audit
Sertifikat Akreditasi secara resmi telah result of 93.37% for advanced
diberikan oleh KAN (Komite Akreditasi level categoy. Certificate was
Nasional) untuk menyatakan bahwa obtained on August 6, 2024 and
PT Bakrie Pipe Industries telah menunjukkan kompetensinya sebagai valid until August 6, 2027.
laboratorium penguji dengan menerapkan secara konsisten SNI ISO/
IEC 17025:2017 Persyaratan Umum untuk Kompetensi Laboratorium
Pengujian dan Laboratorium Kalibrasi. Sertifikat ini ditetapkan pada
tanggal 6 Desember 2021 dan berlaku hingga 25 Juli 2026.
Accreditation Certificate was awarded by KAN (Komite Akreditasi
Nasional) to certify that PT Bakrie Pipe Industries has demonstrate
their competence as a testing laboratory by consistently applying SNI/
IEC 17025:2017 General Requirements for Competence of Testing
Laboratories and Calibration Laboratories. This certificate was
obtained on December 6, 2021 and valid until July 25, 2026.
61
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 64
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Quality Assurance Test Quality Assurance Test API-5L
– Tiang Telepon Besi – Tiang Telepon Besi JA N UA RI 2025 – FEB RUA RI 2027
Dengan Sambungan Dengan Sambungan J A N U A RY 2 02 5 – F E B R U A RY 2 027
Quality Assurance Test –Steel Quality Assurance Test –Steel Sertifikat Otoritas untuk pemakaian
Telephone Pole With Joints Telephone Pole With Joints API Monogram secara resmi (The
O K TO B E R 2 0 24 – O K TO B E R 2 0 2 7 O K TO B E R 2 0 24 – O K TO B E R 2 0 2 7 American Petroleum Institute) untuk
O C TO B E R 2 024 – O C TO B E R 2 027 O C TO B E R 2 024 – O C TO B E R 2 027 manufaktur Line Pipe Plain End at
Quality Assurance Test (Telkom Quality Assurance Test (Telkom PSL 1 – Type of Pipe: HFW / Delivery
Indonesia) untuk Tiang Telepon Indonesia) untuk Tiang Telepon Condition: M / Max. Grade X70, /
Besi Dengan Sambungan untuk Besi Dengan Sambungan untuk Delivery Condition: N / Max. Grade:
kapasitas 7-meter telah diperoleh kapasitas 9-meter telah diperoleh X60 and / Delivery Condition: R /
PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada Max. Grade X70; Manufacturer of
tanggal 21 Oktober 2024. Sertifikat tanggal 21 Oktober 2024. Sertifikat Line Pipe Plain End at PSL 2 – Type
berlaku sampai 21 Oktober 2027. berlaku sampai 21 Oktober 2027. of Pipe: HFW / Delivery Condition:
M / Max. Grade X70 and / Delivery
Quality Assurance Test (Telkom Quality Assurance Test (Telkom Condition: N / Max. Grade: X60;
Indonesia) for Steel Telephone Indonesia) for Steel Telephone Manufacturer of Line Pipe Plain
Pole With Joints for 7-meter Pole With Joints for 9-meter End at PSL 2 – Service Annex H,
capacity was acquired by capacity was acquired by PT Manufacturer of Line Pipe Plain End
PT Bakrie Pipe Industries on Bakrie Pipe Industries on October at PSL2 – Service Annex J – Type
October 21, 2024. The Certificate 21, 2024. The Certificate is of Pipe: HFW / Delivery Condition:
is valid until October 21, 2027. valid until October 21, 2027. M / Max. Grade X70 and / Delivery
Condition: N / Max. Grade: X52
diperoleh PT Bakrie Pipe Industries
yang berlaku pada 24 Januari
2025 hingga 4 Februari 2027.
Certificate of Authority to use
the Official API Monogram (The
American Petroleum Institute) for
Manufacturer of Line Pipe Plain
BAKRIE PIPE INDUSTRIES End at PSL 1 – Type of Pipe: HFW /
Delivery Condition: M / Max. Grade
Sertifikat Sistem Pengawasan X70, / Delivery Condition: N / Max.
Mutu – Tiang Baja SUTR, Grade: X60 and / Delivery Condition:
9m/200daN; Sistem Reduser Tekan R / Max. Grade X70; Manufacturer of
Quality Assurance System Certificate – Steel Pole SUTR, Line Pipe Plain End at PSL 2 – Type
9m/200daN; Press Reducer System of Pipe: HFW / Delivery Condition:
A PRI L 2025 – A PRI L 2027 | A PRI L 2025 – A PRI L 2027 M / Max. Grade X70 and / Delivery
Sertifikat Sistem Pengawasan Mutu (PT PLN – Condition: N / Max. Grade: X60;
Pusat Sertifikasi) untuk Tiang Baja SUTR, 9m/200daN; Sistem Manufacturer of Line Pipe Plain
Reduser Tekan telah diperoleh oleh PT Bakrie Pipe Industries pada End at PSL 2 – Service Annex H,
tanggal 10 April 2025. Sertifikat berlaku hingga 9 April 2027. Manufacturer of Line Pipe Plain End
at PSL2 – Service Annex J – Type
Quality Assurance System Certificate, (PT PLN –Certification Institute) for Steel of Pipe: HFW / Delivery Condition:
Pole SUTR, 9m/200daN; Press Reducer System was obtained by PT Bakrie M / Max. Grade X70 and / Delivery
Pipe Industries on April 10, 2025. The certificate is valid until April 9, 2027. Condition: N / Max. Grade: X52
was obtained by PT Bakrie Pipe
Industries on January 24, 2025
and valid until February 4, 2027.
62
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 65
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Sertifikat Sistem
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang
Baja SUTR, 9m/350daN; Baja SUTR, 11m/200daN; Baja SUTR, 11m/350daN;
Sistem Reduser Tekan Sistem Reduser Tekan Sistem Reduser Tekan
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate – Steel Pole SUTR, Certificate – Steel Pole SUTR, Certificate – Steel Pole SUTR,
9m/350daN; Press Reducer System 11m/200daN; Press Reducer System 11m/350daN; Press Reducer System
A PRI L 2025 – A PRI L 2027 A PRI L 2025 – A PRI L 2027 A PRI L 2025 – A PRI L 2027
A P R I L 2 02 5 – A P R I L 2 027 A P R I L 2 02 5 – A P R I L 2 027 A P R I L 2 02 5 – A P R I L 2 027
Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan
Mutu, (PT PLN – Pusat Sertifikasi) Mutu (PT PLN – Pusat Sertifikasi) Mutu, (PT PLN – Pusat Sertifikasi)
untuk Tiang Baja SUTR, untuk Tiang Baja SUTR, untuk Tiang Baja SUTR,
9m/350daN; Sistem Reduser 11m/200daN; Sistem Reduser 11m/350daN; Sistem Reduser
Tekan telah diperoleh oleh Tekan telah diperoleh oleh Tekan telah diperoleh oleh
PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada
tanggal 10 April 2025. Sertifikat tanggal 10 April 2025. Sertifikat tanggal 10 April 2025. Sertifikat
berlaku hingga 9 April 2027. berlaku hingga 9 April 2027. berlaku hingga 9 April 2027.
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification
Institute) for Steel Pole SUTR, Institute) for Steel Pole SUTR, Institute) for Steel Pole SUTR,
9m/350daN; Press Reducer System 11m/200daN; Press Reducer System 11m/350daN; Press Reducer System
was obtained by PT Bakrie Pipe was obtained by PT Bakrie Pipe was obtained by PT Bakrie Pipe
Industries on April 10, 2025. The Industries on April 10, 2025. The Industries on April 10, 2025. The
certificate is valid until April 9, 2027. certificate is valid until April 9, 2027. certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja
SUTM, 12m/200daN; Sistem Reduser Tekan
Quality Assurance System Certificate – Steel Pole
SUTM, 12m/200daN; Press Reducer System
A PRI L 2025 – A PRI L 2027 | A PRI L 2025 – A PRI L 2027
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi) untuk Tiang Baja
SUTM, 12m/200daN; Sistem Reduser Tekan telah diperoleh oleh PT Bakrie Pipe
Industries pada tanggal 10 April 2025. Sertifikat berlaku hingga 9 April 2027.
Quality Assurance System Certificate, (PT PLN –Certification Institute) for Steel
Pole SUTM, 12m/200daN; Press Reducer System was obtained by PT Bakrie
Pipe Industries on April 10, 2025. The certificate is valid until April 9, 2027.
63
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 66
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Sertifikat Sistem
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang
Baja SUTM, 12m/350daN; Baja SUTM, 12m/500daN; Baja SUTM, 13m/350daN;
Sistem Reduser Tekan Sistem Reduser Tekan Sistem Reduser Tekan
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate – Steel Pole SUTM, Certificate – Steel Pole SUTM, Certificate – Steel Pole SUTM,
12m/350daN; Press Reducer System 12m/500daN; Press Reducer System 13m/350daN; Press Reducer System
A PRI L 2025 – A PRI L 2027 A PRI L 2025 – A PRI L 2027 A PRI L 2025 – A PRI L 2027
A P R I L 2 02 5 – A P R I L 2 027 A P R I L 2 02 5 – A P R I L 2 027 A P R I L 2 02 5 – A P R I L 2 027
Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan
Mutu, (PT PLN – Pusat Sertifikasi) Mutu, (PT PLN – Pusat Sertifikasi) Mutu, (PT PLN – Pusat Sertifikasi)
untuk Tiang Baja SUTM, untuk Tiang Baja SUTM, untuk Tiang Baja SUTM,
12m/350daN; Sistem Reduser 12m/500daN; Sistem Reduser 13m/350daN; Sistem Reduser
Tekan telah diperoleh oleh Tekan telah diperoleh oleh Tekan telah diperoleh oleh
PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada
tanggal 10 April 2025. Sertifikat tanggal 10 April 2025. Sertifikat tanggal 10 April 2025. Sertifikat
berlaku hingga 9 April 2027. berlaku hingga 9 April 2027. berlaku hingga 9 April 2027.
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification
Institute) for Steel Pole SUTM, Institute) for Steel Pole SUTM, Institute) for Steel Pole SUTM,
12m/350daN; Press Reducer System 12m/500daN; Press Reducer System 13m/350daN; Press Reducer System
was obtained by PT Bakrie Pipe was obtained by PT Bakrie Pipe was obtained by PT Bakrie Pipe
Industries on April 10, 2025. The Industries on April 10, 2025. The Industries on April 10, 2025. The
certificate is valid until April 9, 2027. certificate is valid until April 9, 2027. certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja
SUTM, 13m/500daN; Sistem Reduser Tekan
Quality Assurance System Certificate – Steel Pole
SUTM, 13m/500daN; Press Reducer System
A PRI L 2025 – A PRI L 2027 | A PRI L 2025 – A PRI L 2027
Sertifikat Sistem Pengawasan Mutu, (PT PLN – Pusat Sertifikasi) untuk Tiang Baja
SUTM, 13m/500daN; Sistem Reduser Tekan telah diperoleh oleh PT Bakrie Pipe
Industries pada tanggal 10 April 2025. Sertifikat berlaku hingga 9 April 2027.
Quality Assurance System Certificate, (PT PLN –Certification Institute) for Steel
Pole SUTM, 13m/500daN; Press Reducer System was obtained by PT Bakrie
Pipe Industries on April 10, 2025. The certificate is valid until April 9, 2027.
64
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 67
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Sertifikat Sistem
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang
Baja SUTM, 14m/350daN; Baja SUTM, 14m/500daN; Baja SUTM, 15m/350daN;
Sistem Reduser Tekan Sistem Reduser Tekan Sistem Reduser Tekan
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate – Steel Pole SUTM, Certificate – Steel Pole SUTM, Certificate – Steel Pole SUTM,
14m/350daN; Press Reducer System 14m/500daN; Press Reducer System 15m/350daN; Press Reducer System
A PRI L 2025 – A PRI L 2027 A PRI L 2025 – A PRI L 2027 A PRI L 2025 – A PRI L 2027
A P R I L 2 02 5 – A P R I L 2 027 A P R I L 2 02 5 – A P R I L 2 027 A P R I L 2 02 5 – A P R I L 2 027
Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan
Mutu, (PT PLN – Pusat Sertifikasi) Mutu, (PT PLN – Pusat Sertifikasi) Mutu, (PT PLN – Pusat Sertifikasi)
untuk Tiang Baja SUTM, untuk Tiang Baja SUTM, untuk Tiang Baja SUTM,
14m/350daN; Sistem Reduser 14m/500daN; Sistem Reduser 15m/350daN; Sistem Reduser
Tekan telah diperoleh oleh Tekan telah diperoleh oleh Tekan telah diperoleh oleh
PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada
tanggal 10 April 2025. Sertifikat tanggal 10 April 2025. Sertifikat tanggal 10 April 2025. Sertifikat
berlaku hingga 9 April 2027. berlaku hingga 9 April 2027. berlaku hingga 9 April 2027.
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification
Institute) for Steel Pole SUTM, Institute) for Steel Pole SUTM, Institute) for Steel Pole SUTM,
14m/350daN; Press Reducer System 14m/500daN; Press Reducer System 15m/350daN; Press Reducer System
was obtained by PT Bakrie Pipe was obtained by PT Bakrie Pipe was obtained by PT Bakrie Pipe
Industries on April 10, 2025. The Industries on April 10, 2025. The Industries on April 10, 2025. The
certificate is valid until April 9, 2027. certificate is valid until April 9, 2027. certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja
SUTM, 15m/500daN; Sistem Reduser Tekan
Quality Assurance System Certificate – Steel Pole
SUTM, 15m/500daN; Press Reducer System
A PRI L 2025 – A PRI L 2027 | A PRI L 2025 – A PRI L 2027
Sertifikat Sistem Pengawasan Mutu, (PT PLN – Pusat Sertifikasi) untuk Tiang Baja
SUTM, 15m/500daN; Sistem Reduser Tekan telah diperoleh oleh PT Bakrie Pipe
Industries pada tanggal 10 April 2025. Sertifikat berlaku hingga 9 April 2027.
Quality Assurance System Certificate, (PT PLN –Certification Institute) for Steel
Pole SUTM, 15m/500daN; Press Reducer System was obtained by PT Bakrie
Pipe Industries on April 10, 2025. The certificate is valid until April 9, 2027.
65
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 68
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
ISO 45001:2018 ISO 14001:2015 SNI 0039:2013 ERW
A PRI L 2025 – A PRI L 2028 JU LI 2025 – M EI 2028 JU LI 2025 – JU LI 2029
A P R I L 2 02 5 – A P R I L 2 02 8 J U LY 2 02 5 – M AY 2 02 8 J U LY 2 02 5 – J U LY 2 02 9
Sertifikasi Health and Safety Sertifikasi Environmental Sertifikat Produk Penggunaan Tanda
Management System ISO Management System ISO 14001:2015 SNI (Kementerian Perindustrian
45001:2018 (ABS Quality (TÜV Rheinland) untuk manufaktur Republik Indonesia) untuk kategori
Evaluations) untuk manufaktur Fabricated Steel Pipes, Steel Poles, SNI 0039:2013; Pipa Baja (ERW)
Fabricated Steel Pipe, Steel Poles, Coated Steel Pipes, Galvanized Saluran Air Dengan atau Tanpa
Coated Steel Pipes, Galvanized Steel Pipes, Rectangular and Square Lapisan Seng diperoleh PT Bakrie
Steel Pipes, Rectangular and Pipes telah diperoleh oleh PT Bakrie Pipe Industries pada 23 Juli 2025
Square Pipes diperoleh oleh Pipe Industries pada 3 Juli 2025 dan berlaku sampai 22 Juli 2029.
PT Bakrie Pipe Industries sejak dan berlaku hingga 2 Mei 2028.
Certificate For SNI Labeled
28 Mei 2013 dan telah dilakukan
Environmental Management System Product (The Ministry of Industry
resertifikasi yang berlaku mulai 1
Certificate ISO 14001:2015 (TÜV of Republic of Indonesia) for the
April 2025 hingga 1 April 2028.
Rheinland) for manufacture of category SNI 0039:2013; Steel
Health and Safety Management Fabricated Steel Pipes, Steel Poles, Water Pipes (ERW) with or without
System Certificate ISO 45001:2018 Coated Steel Pipes, Galvanized zinc coating was obtained by PT
(ABS Quality Evaluations) for Steel Pipes, Rectangular and Square Bakrie Pipe Industries on July 23,
Manufacture of Fabricated Steel Pipes was obtained by PT Bakrie 2025 and valid until July 22, 2029.
Pipe, Steel Poles, Coated Steel Pipe Industries on July 3, 2025. This
Pipes, Galvanized Steel Pipes, certificate is valid until May 2, 2028.
Rectangular and Square Pipes that
was obtained by PT Bakrie Pipe
Industries on May 28, 2013. This
certificate is recertified and valid
from April 1, 2025 until April 1, 2028.
BAKRIE PIPE INDUSTRIES
SNI 0068:2013 ERW
J U L I 2 0 2 5 – J U L I 2 0 2 9 | J U LY 2 0 2 5 – J U LY 2 0 2 9
Sertifikat Produk Penggunaan Tanda SNI (Kementerian Perindustrian
Republik Indonesia) untuk kategori SNI 0068:2013; Pipa Baja (ERW)
Saluran Air Dengan atau Tanpa Lapisan Seng diperoleh PT Bakrie Pipe
Industries pada 23 Juli 2025 dan berlaku sampai 22 Juli 2029.
Certificate For SNI Labeled Product (The Ministry of Industry of
Republic of Indonesia) for the category SNI 0068:2013; Steel Water
Pipes (ERW) with or without zinc coating was obtained by PT Bakrie
Pipe Industries on July 23, 2025 and valid until July 22, 2029.
66
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 69
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
SNI 8052:2014 ERW API-5CT Sertifikat Sistem
JU LI 2025 – JU LI 2029 AGUSTUS 2025 – FEB RUA RI 2027 Pengawasan Mutu – Tiang
J U LY 2 02 5 – J U LY 2 02 9 AU G U S T 2 02 5 – F E B R U A RY 2 027 Baja JTR, 9m/200daN;
Sertifikat Produk Penggunaan Tanda Sertifikat Otoritas untuk pemakaian Sok Pen Reduser
SNI (Kementerian Perindustrian API Monogram secara resmi (The Tekan (Galvanis)
Republik Indonesia) untuk kategori American Petroleum Institute) untuk Quality Assurance System
SNI 8052:2014; Pipa Baja (ERW) manufaktur Electric-Welded Casting Certificate – Steel Pole JTR,
Saluran Air Dengan atau Tanpa or Tubing Plain End – Group 1, H40/ 9m/200daN; Socket Pen Reducer
Lapisan Seng diperoleh PT Bakrie PSL 1, J55/PSL 1, dan K55/PSL 1 System (Hot Dip Galvanize)
Pipe Industries pada 23 Juli 2025 diperoleh PT Bakrie Pipe Industries A PRI L 2025 – A PRI L 2027
dan berlaku sampai 22 Juli 2029. yang berlaku pada 4 Agustus A P R I L 2 02 5 – A P R I L 2 027
2025 hingga 4 Februari 2027. Sertifikat Sistem Pengawasan Mutu
Certificate For SNI Labeled
Product (The Ministry of Industry Certificate of Authority to use (PT PLN – Pusat Sertifikasi) untuk
of Republic of Indonesia) for the the Official API Monogram (The Tiang Baja JTR, 9m/200daN; Sok
category SNI 8052:2014; Steel American Petroleum Institute) for Pen Reduser Tekan (Galvanis)
Water Pipes (ERW) with or without Manufacturer of Electric-Welded telah diperoleh oleh PT Bakrie
zinc coating was obtained by PT Casting or Tubing Plain End – Group Pipe Industries pada tanggal
Bakrie Pipe Industries on July 23, 1, H40/PSL 1, J55/PSL 1, and K55/ 28 Oktober 2025. Sertifikat
2025 and valid until July 22, 2029. PSL 1 was obtained by PT Bakrie berlaku hingga 9 April 2027.
Pipe Industries on August 4, 2025 Quality Assurance System
and valid until February 4, 2027. Certificate, (PT PLN –Certification
Institute) for Steel Pole JTR,
9m/200daN; Socket Pen Reducer
System (Hot Dip Galvanize) was
obtained by PT Bakrie Pipe
Industries on October 28, 2025. The
certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja JTR,
9m/200daN; Sok Pen Reduser Tekan (Cat Dasar Anti Karat)
Quality Assurance System Certificate – Steel Pole JTR, 9m/200daN;
Socket Pen Reducer System (Anti Rust Primer)
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 | O C TO B E R 2 0 2 5 – A P R I L 2 0 2 7
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi) untuk
Tiang Baja JTR, 9m/200daN; Sok Pen Reduser Tekan (Cat Dasar Anti
Karat) telah diperoleh oleh PT Bakrie Pipe Industries pada tanggal
28 Oktober 2025. Sertifikat berlaku hingga 9 April 2027.
Quality Assurance System Certificate, (PT PLN –Certification Institute)
for Steel Pole JTR, 9m/200daN; Socket Pen Reducer System
(Anti Rust Primer) was obtained by PT Bakrie Pipe Industries on
October 28, 2025. The certificate is valid until April 9, 2027.
67
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 70
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Sertifikat Sistem
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang
Baja JTR, 11m/200daN; Baja JTR, 11m/200daN; Baja JTM, 12m/200daN;
Sok Pen Reduser Sok Pen Reduser Tekan Sok Pen Reduser
Tekan (Galvanis) (Cat Dasar Anti Karat) Tekan (Galvanis)
Quality Assurance System Quality Assurance System Certificate Quality Assurance System
Certificate – Steel Pole JTR, – Steel Pole JTR, 11m/200daN; Socket Certificate – Steel Pole JTM,
11m/200daN; Socket Pen Reducer Pen Reducer System (Anti Rust Primer) 12m/200daN; Socket Pen Reducer
System (Hot Dip Galvanize) O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 System (Hot Dip Galvanize)
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 O C TO B E R 2 02 5 – A P R I L 2 027 O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7
O C TO B E R 2 02 5 – A P R I L 2 027 Sertifikat Sistem Pengawasan Mutu O C TO B E R 2 02 5 – A P R I L 2 027
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi) untuk Sertifikat Sistem Pengawasan Mutu
(PT PLN – Pusat Sertifikasi) untuk Tiang Baja JTR, 11m/200daN; Sok (PT PLN – Pusat Sertifikasi) untuk
Tiang Baja JTR, 11m/200daN; Sok Pen Reduser Tekan (Cat Dasar Tiang Baja JTM, 12m/200daN;
Pen Reduser Tekan (Galvanis) Anti Karat) telah diperoleh oleh Sok Pen Reduser Tekan (Galvanis)
telah diperoleh oleh PT Bakrie PT Bakrie Pipe Industries pada telah diperoleh oleh PT Bakrie
Pipe Industries pada tanggal tanggal 28 Oktober 2025. Sertifikat Pipe Industries pada tanggal
28 Oktober 2025. Sertifikat berlaku hingga 9 April 2027. 28 Oktober 2025. Sertifikat
berlaku hingga 9 April 2027. berlaku hingga 9 April 2027.
Quality Assurance System
Quality Assurance System Certificate, (PT PLN –Certification Quality Assurance System
Certificate, (PT PLN –Certification Institute) for Steel Pole JTR, Certificate, (PT PLN –Certification
Institute) for Steel Pole JTR, 11m/200daN; Socket Pen Reducer Institute) for Steel Pole JTM,
11m/200daN; Socket Pen Reducer System (Anti Rust Primer) was 12m/200daN; Socket Pen Reducer
System (Hot Dip Galvanize) was obtained by PT Bakrie Pipe System (Hot Dip Galvanize) was
obtained by PT Bakrie Pipe Industries on October 28, 2025. The obtained by PT Bakrie Pipe
Industries on October 28, 2025. The certificate is valid until April 9, 2027. Industries on October 28, 2025. The
certificate is valid until April 9, 2027. certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja JTM,
12m/200daN; Sok Pen Reduser Tekan (Cat Dasar Anti Karat)
Quality Assurance System Certificate – Steel Pole JTM, 12m/200daN;
Socket Pen Reducer System (Anti Rust Primer)
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 | O C TO B E R 2 0 2 5 – A P R I L 2 0 2 7
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi) untuk
Tiang Baja JTM, 12m/200daN; Sok Pen Reduser Tekan (Cat Dasar Anti
Karat) telah diperoleh oleh PT Bakrie Pipe Industries pada tanggal
28 Oktober 2025. Sertifikat berlaku hingga 9 April 2027.
Quality Assurance System Certificate, (PT PLN –Certification Institute)
for Steel Pole JTM, 12m/200daN; Socket Pen Reducer System
(Anti Rust Primer) was obtained by PT Bakrie Pipe Industries on
October 28, 2025. The certificate is valid until April 9, 2027.
68
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 71
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Sertifikat Sistem
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang
Baja JTM, 12m/350daN; Baja JTM, 12m/350daN; Baja JTM, 13m/350daN;
Sok Pen Reduser Sok Pen Reduser Tekan Sok Pen Reduser
Tekan (Galvanis) (Cat Dasar Anti Karat) Tekan (Galvanis)
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate – Steel Pole JTM, Certificate – Steel Pole JTM, Certificate – Steel Pole JTM,
12m/350daN; Socket Pen Reducer 12m/350daN; Socket Pen Reducer 13m/350daN; Socket Pen Reducer
System (Hot Dip Galvanize) System (Anti Rust Primer) System (Hot Dip Galvanize)
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7
O C TO B E R 2 02 5 – A P R I L 2 027 O C TO B E R 2 02 5 – A P R I L 2 027 O C TO B E R 2 02 5 – A P R I L 2 027
Sertifikat Sistem Pengawasan Mutu Sertifikat Sistem Pengawasan Mutu Sertifikat Sistem Pengawasan Mutu
(PT PLN – Pusat Sertifikasi) untuk (PT PLN – Pusat Sertifikasi) untuk (PT PLN – Pusat Sertifikasi) untuk
Tiang Baja JTM, 12m/350daN; Tiang Baja JTM, 12m/350daN; Sok Tiang Baja JTM, 13m/350daN;
Sok Pen Reduser Tekan (Galvanis) Pen Reduser Tekan (Cat Dasar Sok Pen Reduser Tekan (Galvanis)
telah diperoleh oleh PT Bakrie Anti Karat) telah diperoleh oleh telah diperoleh oleh PT Bakrie
Pipe Industries pada tanggal PT Bakrie Pipe Industries pada Pipe Industries pada tanggal
28 Oktober 2025. Sertifikat tanggal 28 Oktober 2025. Sertifikat 28 Oktober 2025. Sertifikat
berlaku hingga 9 April 2027. berlaku hingga 9 April 2027. berlaku hingga 9 April 2027.
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification
Institute) for Steel Pole JTM, Institute) for Steel Pole JTM, Institute) for Steel Pole JTM,
12m/350daN; Socket Pen Reducer 12m/350daN; Socket Pen Reducer 13m/350daN; Socket Pen Reducer
System (Hot Dip Galvanize) was System (Anti Rust Primer) was System (Hot Dip Galvanize) was
obtained by PT Bakrie Pipe obtained by PT Bakrie Pipe obtained by PT Bakrie Pipe
Industries on October 28, 2025. The Industries on October 28, 2025. The Industries on October 28, 2025. The
certificate is valid until April 9, 2027. certificate is valid until April 9, 2027. certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja JTM,
13m/350daN; Sok Pen Reduser Tekan (Cat Dasar Anti Karat)
Quality Assurance System Certificate – Steel Pole JTM, 13m/350daN;
Socket Pen Reducer System (Anti Rust Primer)
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 | O C TO B E R 2 0 2 5 – A P R I L 2 0 2 7
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi) untuk
Tiang Baja JTM, 13m/350daN; Sok Pen Reduser Tekan (Cat Dasar Anti
Karat) telah diperoleh oleh PT Bakrie Pipe Industries pada tanggal
28 Oktober 2025. Sertifikat berlaku hingga 9 April 2027.
Quality Assurance System Certificate, (PT PLN –Certification Institute)
for Steel Pole JTM, 13m/350daN; Socket Pen Reducer System
(Anti Rust Primer) was obtained by PT Bakrie Pipe Industries on
October 28, 2025. The certificate is valid until April 9, 2027.
69
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 72
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Sertifikat Sistem
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang
Baja JTM, 14m/350daN; Baja JTM, 14m/350daN; Baja JTM, 15m/350daN;
Sok Pen Reduser Sok Pen Reduser Tekan Sok Pen Reduser
Tekan (Galvanis) (Cat Dasar Anti Karat) Tekan (Galvanis)
Quality Assurance System Quality Assurance System Certificate Quality Assurance System
Certificate – Steel Pole JTM, – Steel Pole JTM, 14m/350daN; Socket Certificate – Steel Pole JTM,
14m/350daN; Socket Pen Reducer Pen Reducer System (Anti Rust Primer) 15m/350daN; Socket Pen Reducer
System (Hot Dip Galvanize) O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 System (Hot Dip Galvanize)
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 O C TO B E R 2 02 5 – A P R I L 2 027 O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7
O C TO B E R 2 02 5 – A P R I L 2 027 Sertifikat Sistem Pengawasan Mutu O C TO B E R 2 02 5 – A P R I L 2 027
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi) untuk Sertifikat Sistem Pengawasan Mutu
(PT PLN – Pusat Sertifikasi) untuk Tiang Baja JTM, 14m/350daN; Sok (PT PLN – Pusat Sertifikasi) untuk
Tiang Baja JTM, 14m/350daN; Pen Reduser Tekan (Cat Dasar Tiang Baja JTM, 15m/350daN;
Sok Pen Reduser Tekan (Galvanis) Anti Karat) telah diperoleh oleh Sok Pen Reduser Tekan (Galvanis)
telah diperoleh oleh PT Bakrie PT Bakrie Pipe Industries pada telah diperoleh oleh PT Bakrie
Pipe Industries pada tanggal tanggal 28 Oktober 2025. Sertifikat Pipe Industries pada tanggal
28 Oktober 2025. Sertifikat berlaku hingga 9 April 2027. 28 Oktober 2025. Sertifikat
berlaku hingga 9 April 2027. berlaku hingga 9 April 2027.
Quality Assurance System
Quality Assurance System Certificate, (PT PLN –Certification Quality Assurance System
Certificate, (PT PLN –Certification Institute) for Steel Pole JTM, Certificate, (PT PLN –Certification
Institute) for Steel Pole JTM, 14m/350daN; Socket Pen Reducer Institute) for Steel Pole JTM,
14m/350daN; Socket Pen Reducer System (Anti Rust Primer) was 15m/350daN; Socket Pen Reducer
System (Hot Dip Galvanize) was obtained by PT Bakrie Pipe System (Hot Dip Galvanize) was
obtained by PT Bakrie Pipe Industries on October 28, 2025. The obtained by PT Bakrie Pipe
Industries on October 28, 2025. The certificate is valid until April 9, 2027. Industries on October 28, 2025. The
certificate is valid until April 9, 2027. certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja JTM,
15m/350daN; Sok Pen Reduser Tekan (Cat Dasar Anti Karat)
Quality Assurance System Certificate – Steel Pole JTM, 15m/350daN;
Socket Pen Reducer System (Anti Rust Primer)
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 | O C TO B E R 2 0 2 5 – A P R I L 2 0 2 7
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi) untuk
Tiang Baja JTM, 15m/350daN; Sok Pen Reduser Tekan (Cat Dasar Anti
Karat) telah diperoleh oleh PT Bakrie Pipe Industries pada tanggal
28 Oktober 2025. Sertifikat berlaku hingga 9 April 2027.
Quality Assurance System Certificate, (PT PLN –Certification Institute)
for Steel Pole JTM, 15m/350daN; Socket Pen Reducer System
(Anti Rust Primer) was obtained by PT Bakrie Pipe Industries on
October 28, 2025. The certificate is valid until April 9, 2027.
70
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 73
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Quality Assurance Test –
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Tiang Telepon Besi 7-meter
Baja JTM, 15m/500daN; Baja JTM, 15m/500daN; Dengan 2 Segmen
Sok Pen Reduser Sok Pen Reduser Tekan Quality Assurance Test –
Tekan (Galvanis) (Cat Dasar Anti Karat) Steel Telephone Pole 7-meter
Quality Assurance System Quality Assurance System With 2 Segments
Certificate – Steel Pole JTM, Certificate – Steel Pole JTM, O K TO B E R 2 0 2 5 – O K TO B E R 2 0 2 8
15m/500daN; Socket Pen Reducer 15m/500daN; Socket Pen Reducer O C TO B E R 2 02 5 – O C TO B E R 2 02 8
System (Hot Dip Galvanize) System (Anti Rust Primer) Quality Assurance Test (Telkom
O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 O K TO B E R 2 0 2 5 – A P R I L 2 0 2 7 Indonesia) untuk Tiang Telepon
O C TO B E R 2 02 5 – A P R I L 2 027 O C TO B E R 2 02 5 – A P R I L 2 027 Besi Dengan Sambungan untuk
Sertifikat Sistem Pengawasan Mutu Sertifikat Sistem Pengawasan Mutu kapasitas 7-meter dengan 2
(PT PLN – Pusat Sertifikasi) untuk (PT PLN – Pusat Sertifikasi) untuk segmen telah diperoleh PT Bakrie
Tiang Baja JTM, 15m/500daN; Tiang Baja JTM, 15m/500daN; Sok Pipe Industries pada tanggal 21
Sok Pen Reduser Tekan (Galvanis) Pen Reduser Tekan (Cat Dasar Oktober 2025. Sertifikat berlaku
telah diperoleh oleh PT Bakrie Anti Karat) telah diperoleh oleh sampai 21 Oktober 2028.
Pipe Industries pada tanggal PT Bakrie Pipe Industries pada Quality Assurance Test (Telkom
28 Oktober 2025. Sertifikat tanggal 28 Oktober 2025. Sertifikat Indonesia) for Steel Telephone Pole
berlaku hingga 9 April 2027. berlaku hingga 9 April 2027. With Joints for 7-meter capacity
Quality Assurance System Quality Assurance System with 2 segments was acquired
Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification by PT Bakrie Pipe Industries on
Institute) for Steel Pole JTM, Institute) for Steel Pole JTM, October 21, 2025. The Certificate
15m/500daN; Socket Pen Reducer 15m/500daN; Socket Pen Reducer is valid until October 21, 2028.
System (Hot Dip Galvanize) was System (Anti Rust Primer) was
obtained by PT Bakrie Pipe obtained by PT Bakrie Pipe
Industries on October 28, 2025. The Industries on October 28, 2025. The
certificate is valid until April 9, 2027. certificate is valid until April 9, 2027.
BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Pengawasan Mutu – Tiang Baja SUTR
dan SUTM, 9m/200daN; Sistem Reduser Tekan
Quality Assurance System Certificate – Steel Pole SUTR
and SUTM, 9m/200daN; Press Reducer System
JA N UA RI 2026 – JU N I 2026 | JA N UA RY 2026 – JU N E 2026
Sertifikat Sistem Pengawasan Mutu (PT PLN – Pusat Sertifikasi)
untuk Tiang Baja SUTR dan SUTM, 9m/200daN; Sistem Reduser
Tekan telah diperoleh oleh PT Bakrie Pipe Industries pada tanggal
1 Januari 2026. Sertifikat berlaku hingga 30 Juni 2026.
Quality Assurance System Certificate, (PT PLN –Certification Institute) for Steel Pole
SUTR and SUTM, 9m/200daN; Press Reducer System was obtained by PT Bakrie
Pipe Industries on January 1, 2026. The certificate is valid until June 30, 2026.
71
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 74
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Sertifikat Sistem Sertifikat Sistem Sertifikat Sistem
Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang Pengawasan Mutu – Tiang
Baja SUTM, 12m/200daN; Baja SUTM, 13m/350daN; Baja SUTM, 14m/350daN;
Sistem Reduser Tekan Sistem Reduser Tekan Sistem Reduser Tekan
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate – Steel Pole SUTM, Certificate – Steel Pole SUTM, Certificate – Steel Pole SUTM,
12m/200daN; Press Reducer System 13m/350daN; Press Reducer System 14m/350daN; Press Reducer System
JA N UA RI 2026 – JU N I 2026 JA N UA RI 2026 – JU N I 2026 JA N UA RI 2026 – JU N I 2026
J A N U A RY 2 02 6 – J U N E 2 02 6 J A N U A RY 2 02 6 – J U N E 2 02 6 J A N U A RY 2 02 6 – J U N E 2 02 6
Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan Sertifikat Sistem Pengawasan
Mutu (PT PLN – Pusat Sertifikasi) Mutu (PT PLN – Pusat Sertifikasi) Mutu (PT PLN – Pusat Sertifikasi)
untuk Tiang Baja SUTM, untuk Tiang Baja SUTM, untuk Tiang Baja SUTM,
12m/200daN; Sistem Reduser 13m/350daN; Sistem Reduser 14m/350daN; Sistem Reduser
Tekan telah diperoleh oleh Tekan telah diperoleh oleh Tekan telah diperoleh oleh
PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada PT Bakrie Pipe Industries pada
tanggal 1 Januari 2026. Sertifikat tanggal 1 Januari 2026. Sertifikat tanggal 1 Januari 2026. Sertifikat
berlaku hingga 30 Juni 2026. berlaku hingga 30 Juni 2026. berlaku hingga 30 Juni 2026.
Quality Assurance System Quality Assurance System Quality Assurance System
Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification Certificate, (PT PLN –Certification
Institute) for Steel Pole SUTM, Institute) for Steel Pole SUTM, Institute) for Steel Pole SUTM,
12m/200daN; Press Reducer 13m/350daN; Press Reducer 14m/350daN; Press Reducer
System was obtained by System was obtained by System was obtained by
PT Bakrie Pipe Industries on PT Bakrie Pipe Industries on PT Bakrie Pipe Industries on
January 1, 2026. The certificate January 1, 2026. The certificate January 1, 2026. The certificate
is valid until June 30, 2026. is valid until June 30, 2026. is valid until June 30, 2026.
BAKRIE PIPE INDUSTRIES
Quality Assurance Test – Tiang Telepon
Besi 6-meter Dengan Sambungan
Quality Assurance Test –Steel Telephone Pole 6-meter With Joints
FEB RUA RI 2026 – FEB RUA RI 2029 | FEB RUA RY 2026 – FEB RUA RY 2029
Quality Assurance Test (Telkom Indonesia) untuk Tiang Telepon Besi Dengan
Sambungan untuk kapasitas 6-meter telah diperoleh PT Bakrie Pipe Industries
pada tanggal 10 Februari 2026. Sertifikat berlaku sampai 10 Februari 2029.
Quality Assurance Test (Telkom Indonesia) for Steel Telephone Pole with
Joints for 6-meter capacity was acquired by PT Bakrie Pipe Industries on
February 10, 2026. The Certificate is valid until February 10, 2029.
72
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 75
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES BAKRIE PIPE INDUSTRIES
Quality Assurance Test – SNI 39:2024 ERW CIQS 2000:2018
Tiang Telepon Besi 6-meter FEB RUA RI 2026 – FEB RUA RI 203 1 A PRI L 2026 – A PRI L 2029
Tanpa Sambungan F E B R U A RY 2 02 6 – F E B R U A RY 2 0 3 1 A P R I L 2 02 6 – A P R I L 2 02 9
Quality Assurance Test – Sertifikat Produk Penggunaan Tanda Sertifikasi CIQS 2000:2018 (Telkom
Steel Telephone Pole SNI (Kementerian Perindustrian Indonesia) untuk Pabrikan Jaringan
6-meter Without Joints Republik Indonesia) untuk Telekomunikasi diperoleh oleh
FEB RUA RI 2026 – FEB RUA RI 2029 kategori SNI 39:2024; Pipa Baja PT Bakrie Pipe Industries pada
F E B R U A RY 2 02 6 – F E B R U A RY 2 02 9 (ERW) Saluran Air Dengan atau 14 April 2026 dan sertifikat ini
Quality Assurance Test (Telkom Tanpa Lapisan Seng diperoleh berlaku hingga 14 April 2029.
Indonesia) untuk Tiang Telepon PT Bakrie Pipe Industries pada
Certificate CIQS 2000:2018 for
Besi Tanpa Sambungan untuk 26 Februari 2026 dan berlaku
Fabricated Telecommunication
kapasitas 6-meter telah diperoleh sampai 25 Februari 2031.
Network was obtained by
PT Bakrie Pipe Industries pada Certificate For SNI Labeled Product PT Bakrie Pipe Industries on
tanggal 10 Februari 2026. Sertifikat (The Ministry of Industry of Republic April 14, 2026 and this certificate
berlaku sampai 10 Februari 2029. of Indonesia) for the category is valid until April 14, 2029.
Quality Assurance Test (Telkom SNI 39:2024; Steel Water Pipes
Indonesia) for Steel Telephone (ERW) with or without zinc coating
Pole Without Joints for 6-meter was obtained by PT Bakrie Pipe
capacity was acquired by Industries on February 26, 2026
PT Bakrie Pipe Industries on and valid until February 25, 2031.
February 10, 2026. The Certificate
is valid until February 10, 2029.
BAKRIE POWER
Sertifikat Penghargaan – Sistem Manajemen
Keselamatan dan Kesehatan Kerja
Certificate of Appreciation – Occupational Safety and Health Management System
M E I 2 0 2 2 – M E I 2 0 2 5 | M AY 2 0 2 2 – M AY 2 0 2 5
Sertifikat Penghargaan untuk Sistem Manajemen Keselamatan dan Kesehatan
Kerja secara resmi telah diberikan oleh Menteri Ketenagakerjaan Republik
Indonesia, Ida Fauziah. Sertifikat berdasarkan Surat Keputusan Menteri
Ketenagakerjaan Republik Indonesia No. 42 Tahun 2022 untuk menyatakan
bahwa PT Bakrie Power telah menerapkan Sistem Manajemen Keselamatan
dan Kesehatan Kerja dengan hasil pencapaian 76,56% untuk kategori tingkat
awal. Sertifikat diraih pada 13 Mei 2022 dan berlaku sampai 13 Mei 2025.
Certificate of Appreciation for Occupational Safety and Health Management
System was awarded by The Minister Of Employment Of The Republic Of
Indonesia, Ida Fauziah. The certificate is based on the Decree Of The Minister
Of Employment Of The Republic Of Indonesia no. 42 year 2022 to certify
that PT Bakrie Power has implemented an Occupational Safety and Health
Management System with an audit result of 76.56% for initial level category.
Certificate was obtained on May 13, 2022 and is valid until May 13, 2025.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 76
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
BAKRIE POWER BAKRIE POWER B I N A U S A H A M A N D I R I M I Z U S AWA
ISO 9001:2015 ISO 14001:2015 ISO 9001:2015
M A RE T 2025 – FEB RUA RI 2028 M A RE T 2025 – FEB RUA RI 2028 JA N UA RI 2025 – JA N UA RI 2028
M A R C H 2 02 2 – F E B R U A RY 2 02 8 M A R C H 2 02 2 – F E B R U A RY 2 02 8 J A N U A RY 2 02 5 – J A N U A RY 2 02 8
Sertifikasi Sistem Manajemen Sertifikasi Environmental Sertifikasi Quality Management
Mutu SNI ISO 9001:2015 (Komite Management System SNI ISO System ISO 9001:2015 (The
Akreditasi Nasional “KAN”) untuk 14001:2015 (Komite Akreditasi Certification Body of PT TÜV SÜD
Penyediaan Jasa Pembangunan dan Nasional “KAN”) untuk Penyediaan Indonesia) untuk manufaktur produk
Konstruksi Instalasi Ketenagalistrikan Jasa Pembangunan dan Konstruksi iron casting telah diperoleh oleh
(misal Pembangkit Listrik Energi Baru Instalasi Ketenagalistrikan (misal PT Bina Usaha Mandiri Mizusawa
dan Terbarukan, Pembangkit Listrik, Pembangkit Listrik Energi Baru dan yang berlaku mulai 13 Januari
Pembangunan Jaringan Transmisi Terbarukan, Pembangkit Listrik, 2025 hingga 12 Januari 2028.
Tegangan Rendah, Tinggi, Ekstra Pembangunan Jaringan Transmisi
Quality Management system
Tinggi, dan Ultra Tinggi, Jaringan Tegangan Rendah, Tinggi, Ekstra
Certificate; ISO 9001:2015 (The
Transmisi Gardu Induk) diperoleh Tinggi, dan Ultra Tinggi, Jaringan
Certification Body of PT TÜV SÜD
oleh PT Bakrie Power sejak 2 Transmisi Gardu Induk) diperoleh
Indonesia) of Manufacture of iron
Februari 2022 dan telah dilakukan oleh PT Bakrie Power sejak 2
casting product was obtained by
resertifikasi yang berlaku mulai 20 Februari 2022 dan telah dilakukan
PT Bina Usaha Mandiri
Maret 2025 hingga 1 Februari 2028. resertifikasi yang berlaku mulai 20
Mizusawa and this certificate
Maret 2025 hingga 1 Februari 2028.
Quality Management System is valid from January 13, 2025
Certificate; SNI ISO 9001:2015 Environmental Management System to January 12, 2028.
(Komite Akreditasi Nasional “KAN”) Certificate; SNI ISO 14001:2015
for the provision of Development (Komite Akreditasi Nasional “KAN”)
and Construction Service for for the provision of Development
Electrical Installation (e.g New and Construction Service for
and Renewable Energy Power Electrical Installation (e.g New
Plant, Power Plant, Construction and Renewable Energy Power
of Low, High, Extra High, and Plant, Power Plant, Construction
Ultra High Voltage Transmission of Low, High, Extra High, and
Networks, Substation Transmission Ultra High Voltage Transmission
Network) that was obtained by Networks, Substation Transmission
PT Bakrie Power on February 2, Network) that was obtained by
2022 This certificate is recertified PT Bakrie Power on February 2,
and valid from March 20, 2022 This certificate is recertified
2025 until February 1, 2028. and valid from March 20,
2025 until February 1, 2028.
B I N A U S A H A M A N D I R I M I Z U S AWA
IS0 14001:2015
FEB RUA RI 2025 – FEB RUA RI 2028 | FEB RUA RY 2025 – FEB RUA RY 2028
Sertifikasi Sistem Manajemen Lingkungan ISO 14001:2015 (The
Certification Body of PT TÜV SÜD Indonesia) untuk manufaktur produk
iron casting telah diperoleh oleh PT Bina Usaha Mandiri Mizusawa
yang berlaku mulai 4 Februari 2025 hingga 3 Februari 2028.
Environment Management system Certificate ISO 14001:2015(The
Certification Body of PT TÜV SÜD Indonesia) of Manufacture of iron
casting product was obtained by PT Bina Usaha Mandiri Mizusawa and
this certificate is valid from February 4, 2025 to February 3, 2028.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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B I N A U S A H A M A N D I R I M I Z U S AWA B R A JA M U K T I C A K R A B R A JA M U K T I C A K R A
IATF 16949:2016 IATF 16949:2016 ISO 9001:2015
FEB RUA RI 2025 – FEB RUA RI 2028 M EI 2023 – M EI 2026 M EI 2023 – M EI 2026
F E B R U A RY 2 02 5 – F E B R U A RY 2 02 8 M AY 2 02 3 – M AY 2 02 6 M AY 2 02 3 – M AY 2 02 6
Sertifikasi Quality Management Sertifikat Sistem Manajemen Sertifikat Sistem Manajemen Kualitas
System IATF 16949:2016 (The Kualitas IATF 16949:2016 (SGS) ISO 9001:2015 untuk manufaktur
Certification Body of PT TÜV SÜD untuk manufaktur Pemesinan dan Pemesinan dan Perakitan
Indonesia) untuk manufaktur produk Perakitan Komponen untuk Komponen untuk Engine, Drive Axle,
iron casting telah diperoleh oleh Engine, Drive Axle, dan Brake dan Brake System telah diperoleh
PT Bina Usaha Mandiri Mizusawa System telah diperoleh oleh oleh PT Braja Mukti Cakra 25 Mei
yang berlaku mulai 14 Februari PT Braja Mukti Cakra sejak 25 2023 dan sertifikat ini berlaku
2025 hingga 13 Februari 2028. Mei 2023 dan sertifikat ini berlaku sampai dengan 24 Mei 2026.
sampai dengan 24 Mei 2026.
Quality Management system Certificate of Quality Management
Certificate IATF 16949:2016 (The Certificate of Quality Management System ISO 9001:2015 for
Certification Body of PT TÜV SÜD System IATF 16949:2016 (SGS) for Manufacture of Machining and
Indonesia) of Manufacture of iron Manufacture of Machining and Assembling Part used in Engine,
casting product was obtained by PT Assembling Part used in Engine, Drive Axle, and Brake System was
Bina Usaha Mandiri Mizusawa and Drive Axle, and Brake System was obtained by PT Braja Mukti Cakra
this certificate is valid from February obtained by PT Braja Mukti Cakra on May 25, 2023 and this certificate
14, 2025 to February 13, 2028. on May 25, 2023 and this certificate is valid until May 24, 2026.
is valid until May 24, 2026.
B R A JA M U K T I C A K R A
ISO 14001:2015
O K TO B E R 2 0 2 5 – O K TO B E R 2 0 2 8 | O C TO B E R 2 0 2 5 – O C TO B E R 2 0 2 8
Sertifikat Sistem Manajemen Lingkungan ISO 14001:2015 untuk manufaktur
Pemesinan dan Perakitan Komponen untuk Engine, Drive Axle, dan
Brake System telah diperoleh oleh PT Braja Mukti Cakra sejak 3 Oktober
2025 dan sertifikat ini berlaku sampai dengan 2 Oktober 2028.
Certificate of Environment Management System ISO 14001:2015 for
Manufacture of Machining and Assembling Part used in Engine, Drive
Axle, and Brake System was obtained by PT Braja Mukti Cakra on
October 3, 2025 and this certificate is valid until October 2, 2028.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
B R A JA M U K T I C A K R A M U LT I KO N T R O L N U S A N TA R A M U LT I KO N T R O L N U S A N TA R A
ISO 45001:2018 ISO 14001:2015 ISO 9001:2015
O K TO B E R 2 0 2 5 – O K TO B E R 2 0 2 8 J U L I 2 0 24 – J U L I 2 0 2 7 ISO 45001:2018
O C TO B E R 2 02 5 – O C TO B E R 2 02 8 J U LY 2 02 1 – J U LY 2 027 M A RE T 2021 – M A RE T 2027
Sertifikat Occupational Health Sertifikasi Environmental M A R C H 2 02 1 – M A R C H 2 027
and Safety Management System Management System ISO 14001:2015 Sertifikasi Quality Management
ISO 45001:2018 (BSI, ANAB) (BSC) untuk Penyediaan Manajemen System ISO 9001:2015 (BSC)
untuk manufaktur Pemesinan Proyek, Instalasi, Operasi dan & Sertifikasi Health & Safety
dan Perakitan Komponen untuk Pemeliharaan dan Integrasi Management System ISO
Engine, Drive Axle, dan Brake Sistem Informasi, Teknologi dan 45001:2018 (BSC) untuk Penyediaan
System telah diperoleh oleh Telekomunikasi Infrastruktur Manajemen Proyek, Instalasi,
PT Braja Mukti Cakra sejak 3 dan Mekanik & Elektrikal telah Operasi dan Pemeliharaan dan
Oktober 2025 dan sertifikat diperoleh oleh PT Multi Kontrol Integrasi Sistem Informasi, Teknologi
ini berlaku sampai dengan Nusantara sejak 8 Juli 2024 dan dan Telekomunikasi Infrastruktur
2 Oktober 2028. berlaku hingga 7 Juli 2027. dan Mekanik & Elektrikal telah
diperoleh oleh PT Multi Kontrol
Certificate of Occupational Health Environmental Management System
Nusantara sejak 18 Maret 2021 dan
and Safety Management System Certificate; ISO 14001:2015 (BSC) for
berlaku hingga 17 Maret 2027.
ISO 45001:2018 (BSI, ANAB) for Provision of Project Management,
the Manufacture of Machining and Installation, Operation and Quality Management System
Assembling Part used in Engine, Maintenance and System Integration Certification ISO 9001:2015 (BSC)
Drive axle, and Brake System was of Information, Technology and & Health & Safety Management
obtained by PT Braja Mukti Cakra on Telecommunication Infrastructure System Certification ISO
October 3, 2025 and this certificate and Mechanical & Electrical, 45001:2018 (BSC) for Provision of
is valid until October 2, 2028. was obtained by PT Multi Kontrol Project Management, Installation,
Nusantara on July 8, 2024 and this Operation and Maintenance and
certificate is valid until July 7, 2027. System Integration of Information,
Technology and Telecommunication
Infrastructure and Mechanical
& Electrical, was obtained by
PT Multi Kontrol Nusantara on
March 18, 2021 and this certificate
M U LT I KO N T R O L N U S A N TA R A is valid until March 17, 2027.
ISO 37001:2016
J U L I 2 0 24 – J U L I 2 0 2 7 | J U LY 2 0 2 1 – J U LY 2 0 2 7
Sertifikasi Anti-Bribery Management System ISO
37001:2016 (BSC) untuk Penyediaan Manajemen
Proyek, Instalasi, Operasi dan Pemeliharaan
dan Integrasi Sistem Informasi, Teknologi dan
Telekomunikasi Infrastruktur dan Mekanik & Elektrikal
telah diperoleh oleh PT Multi Kontrol Nusantara
sejak 8 Juli 2024 dan berlaku hingga 7 Juli 2027.
Environmental Management System Certificate
ISO 37001:2016 (BSC) for Provision of Project
Management, Installation, Operation and Maintenance and System
Integration of Information, Technology and Telecommunication Infrastructure
and Mechanical & Electrical, was obtained by PT Multi Kontrol Nusantara
on July 8, 2024 and this certificate is valid until July 7, 2027.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 79
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
M U LT I KO N T R O L N U S A N TA R A SOUTH EAST ASIA SOUTH EAST ASIA
ISO 27001:2022 PIPE INDUSTRIES PIPE INDUSTRIES
SEPTEM B ER 2025 – SEPTEM B ER 2028 SNI 0039:2013 API-5L
S E P T E M B E R 2 02 5 – S E P T E M B E R 2 02 8 SEPTEM B ER 2021 – SEPTEM B ER 2025 JU LI 2023 – JU LI 2026
Sertifikasi ISO/IEC 27001:2022 (VRC S E P T E M B E R 2 02 1 – S E P T E M B E R 2 02 5 J U LY 2 02 3 – J U LY 2 02 6
International) untuk Information Sertifikasi Sistem Manajemen Sertifikat Otoritas untuk pemakaian
Security, Cyber Security and Privacy Mutu SNI ISO 0039:2013 untuk API Monogram secara resmi (The
Protection – Information Security pipa baja saluran air dengan American Petroleum Institute) untuk
Management System telah diperoleh atau tanpa lapisan seng telah manufaktur Line Pipe Plain End at
oleh PT Multi Kontrol Nusantara diperoleh oleh PT South East Asia PSL 1 – Type of Pipe: HFW / Delivery
sejak 9 September 2025 dan Pipe Industries sejak 11 Juli 2017 Condition: M / Max. Grade X70, /
berlaku hingga 8 September 2028 dan telah dilakukan resertifikasi Delivery Condition: N / Max. Grade:
yang berlaku mulai 7 September X60 and / Delivery Condition: R /
Information Security, Cyber
2021 hingga 6 September 2025. Max. Grade X70; Manufacturer of
Security and Privacy Protection –
Line Pipe Plain End at PSL 2 – Type
Information Security Management Quality Management System
of Pipe: HFW / Delivery Condition:
System ISO/IEC 27001:2022 was Certificate SNI ISO 0039:2013 for
M / Max. Grade X70 and / Delivery
obtained by PT Multi Kontrol water steel pipe with or without
Condition: N / Max. Grade: X60;
Nusantara on September 9, zinc coating was obtained by
Manufacturer of Line Pipe Plain
2025, and this certificate is valid PT South East Pipe Industries on July
End at PSL 2 – Service Annex H,
until September 8, 2028. 11, 2017. This certificate is recertified
Manufacturer of Line Pipe Plain End
and is valid from September 7,
at PSL2 – Service Annex J – Type
2021 until September 6, 2025.
of Pipe: HFW / Delivery Condition:
M / Max. Grade X70 and / Delivery
Condition: N / Max. Grade: X52
diperoleh PT South East Asia Pipe
Industries yang berlaku pada 28
Juli 2023 hingga 28 Juli 2026.
Certificate of Authority to use
the Official API Monogram (The
American Petroleum Institute) for
Manufacturer of Line Pipe Plain
End at PSL 1 – Type of Pipe: HFW /
Delivery Condition: M / Max. Grade
X70, / Delivery Condition: N / Max.
Grade: X60 and / Delivery Condition:
R / Max. Grade X70; Manufacturer
of Line Pipe Plain End at PSL
2 – Type of Pipe: HFW / Delivery
Condition: M / Max. Grade X70
and / Delivery Condition: N / Max.
Grade: X60; Manufacturer of Line
SOUTH EAST ASIA PIPE INDUSTRIES
Pipe Plain End at PSL 2 – Service
API-2B Annex H, Manufacturer of Line
J U L I 2 0 2 3 – J U L I 2 0 2 6 | J U LY 2 0 2 3 – J U LY 2 0 2 6 Pipe Plain End at PSL2 – Service
Sertifikat Otoritas untuk pemakaian API Monogram secara resmi (The Annex J – Type of Pipe: HFW /
American Petroleum Institute) untuk pipa baja diperoleh PT South East Asia Delivery Condition: M / Max. Grade
Pipe Industries yang berlaku pada 28 Juli 2023 hingga 28 Juli 2026. X70 and / Delivery Condition: N /
Max. Grade: X52 was obtained by
Certificate of Authority to use the Official API Monogram PT South East Asia Pipe Industries
(The American Petroleum Institute) for steel pipe was obtained by July 28, 2023 until July 28, 2026.
PT South East Asia Pipe Industries July 28, 2023 until July 28, 2026.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
SOUTH EAST ASIA SOUTH EAST ASIA SOUTH EAST ASIA
PIPE INDUSTRIES PIPE INDUSTRIES PIPE INDUSTRIES
ISO 9001:2015 ISO 14001:2015 ISO 45001:2018
SEPTEM B ER 2023 – SEPTEM B ER 2026 SEPTEM B ER 2023 – SEPTEM B ER 2026 SEPTEM B ER 2023 – SEPTEM B ER 2026
S E P T E M B E R 2 02 3 – S E P T E M B E R 2 02 6 S E P T E M B E R 2 02 3 – S E P T E M B E R 2 02 6 S E P T E M B E R 2 02 3 – S E P T E M B E R 2 02 6
Sertifikasi Sistem Manajemen Mutu Sertifikasi Sistem Manajemen Sertifikasi Sistem Manajemen
ISO 9001:2015 (TÜV Rheinland) Lingkungan ISO 14001:2015 (TÜV Kesehatan dan Keselamatan Kerja
untuk Manufacture of Metal Rheinland) untuk Manufacture of ISO 45001:2018 (TÜV Rheinland)
Alloy Steel Pipe for the Oil and Metal Alloy Steel Pipe for the Oil and untuk Manufacture of Metal
Gas, Chemical and Construction Gas, Chemical and Construction Alloy Steel Pipe for the Oil and
Industries telah diperoleh oleh Industries telah diperoleh oleh Gas, Chemical and Construction
PT South East Asia Pipe Industries PT South East Asia Pipe Industries Industries telah diperoleh oleh
sejak 25 September 2023 dan sejak 25 September 2023 dan PT South East Asia Pipe Industries
berlaku hingga 24 September 2026. berlaku hingga 24 September 2026. sejak 25 September 2023 dan
berlaku hingga 24 September 2026.
Quality Management System Environmental Management System
Certificate ISO 9001:2015 (TÜV Certificate ISO 14001:2015 (TÜV Work Health and Safety
Rheinland) for manufacture of Metal Rheinland) for manufacture of Metal Management System Certificate
Alloy Steel Pipe for the Oil and Alloy Steel Pipe for the Oil and ISO 45001:2015 (TÜV Rheinland) for
Gas, Chemical and Construction Gas, Chemical and Construction manufacture of Metal Alloy Steel
Industries was obtained by Industries was obtained by PT Pipe for the Oil and Gas, Chemical
PT South East Asia Pipe South East Asia Pipe Industries on and Construction Industries was
Industries on September 25, September 25, 2023. This certificate obtained by PT South East Asia
2023. This certificate is valid is valid until September 24, 2026. Pipe Industries on September
until September 24, 2026. 25, 2023. This certificate is valid
until September 24, 2026.
SOUTH EAST ASIA PIPE INDUSTRIES
SNI 0068:2013
M E I 2 0 2 5 – M E I 2 0 2 9 | M AY 2 0 2 5 – M AY 2 0 2 9
Sertifikasi Sistem Manajemen Mutu SNI ISO 0068:2013 untuk pipa baja
karbon untuk konstruksi umum telah diperoleh oleh PT South East Asia
Pipe Industries sejak 9 Mei 2025 dan berlaku hingga 8 Mei 2029.
Quality Management System Certificate SNI ISO 0068:2013 for carbon
steel pipe for general construction was obtained by PT South East Pipe
Industries on May 9, 2025. This certificate is valid until May 8, 2029.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 81
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
SOUTH EAST ASIA V K T R T E K N O LO G I M O B I L I TA S
PIPE INDUSTRIES
ISO 9001:2015
SNI 8052:2014 DESEM B ER 2023 – DESEM B ER 2026
M EI 2025 – M EI 2029 D E C E M B E R 2 02 3 – D E C E M B E R 2 02 6
M AY 2 02 5 – M AY 2 02 9 Sertifikasi Sistem Manajemen
Sertifikasi Sistem Manajemen Mutu ISO 9001:2015 (TÜV SÜD)
Mutu SNI ISO 8052:2014 untuk untuk Distribusi Kendaraan Elektrik
pipa baja untuk pancang telah Komersial yang telah diperoleh
diperoleh oleh PT South East Asia oleh PT VKTR Teknologi Mobilitas
Pipe Industries sejak 9 Mei 2025 Tbk sejak 11 Desember 2023 dan
dan berlaku hingga 8 Mei 2029. berlaku hingga 10 Desember 2026.
Quality Management System ISO 9001:2015 Quality Management
Certificate SNI ISO 8052:2014 for System Certification (TÜV SÜD) for
steel pipe for pile was obtained Distribution of Electic Commercial
by PT South East Pipe Industries Vehicle has been obtained by PT
on May 9, 2025. This certificate VKTR Teknologi Mobilitas Tbk
is valid until May 8, 2029. since December 11, 2023 and is
valid until December 10, 2026.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Corporate Governance Social and Environmental
Implementation Report Responsibility
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PERISTIWA PENTING 2025
2025 EVENT HIGHLIGHTS
9 11
JANUARI JANUARI
JANUARY JANUARY
BNBR VKTR
Corporate Legal Forum Grup Bakrie Peluncuran 20 Bus Listrik CKD untuk
Bakrie Group’s Corporate Legal Forum Transjakarta melalui Sinarjaya
Launch of 20 CKD electric buses for
Direktorat Legal PT Bakrie & Brothers Tbk Transjakarta via Sinarjaya
(BNBR) bersama Bakrie Learning Center
(BLC) menyelenggarakan Bakrie Group PT VKTR Teknologi Mobilitas, Tbk (VKTR) melakukan
Corporate Legal Forum 2025. seremoni peluncuran 20 unit bus listrik berbasis
Completely Knocked Down (CKD) pertama untuk
Kegiatan ini difasilitasi oleh narasumber dari RS &
Transjakarta melalui operator Sinarjaya bersama
Partners Lawfirm dan MAPS Lawfirm dan diikuti oleh
PT Laksana Bus Manufaktur selaku mitra karoseri.
para peserta dari perusahaan di lingkup Grup Bakrie,
Seluruh bus listrik ini memiliki Tingkat Kandungan
dilanjutkan dengan sesi seminar selama dua hari.
Dalam Negeri (TKDN) di atas 40 persen, sebuah
Acara ini merupakan respons terhadap dinamika dan bukti nyata dedikasi perusahaan dalam mendukung
tantangan profesi Legal di Era 5.0. Dengan fokus agar kemandirian industri otomotif nasional.
fungsi Legal perusahaan di lingkup Grup Bakrie dapat
beradaptasi terhadap perubahan teknologi seperti AI,
PT VKTR Teknologi Mobilitas, Tbk (VKTR) held a
peraturan terkait informasi dan transaksi elektronik.
ceremony to launch the first 20 Completely Knocked
Down (CKD) based electric buses for Transjakarta
through the Sinarjaya operator together with PT
Legal Directorate of PT Bakrie & Brothers Tbk (BNBR) Laksana Bus Manufaktur as bodywork partner.
together with Bakrie Learning Center (BLC) held All of these electric buses have Domestic Content
the Bakrie Group Corporate Legal Forum 2025. Levels (TKDN) above 40 percent, a clear proof
This activity was facilitated by resource persons of the company’s dedication to supporting the
from RS & Partners Lawfirm and MAPS Lawfirm and independence of the national automotive industry.
attended by participants from companies within the
Bakrie Group, followed by a 2-day seminar session.
This event is a response to the dynamics and
challenges of the Legal profession in Era 5.0. With
a focus on making the company’s legal functions
within the Bakrie Group adapt to technological
changes such as AI, regulations related to
information and electronic transactions.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
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11 20
FEBRUARI FEBRUARI
FEBRUARY FEBRUARY
HELIO BNBR
Instalasi EV Charger di Pool Bakrie Middle Management
Sinarjaya oleh Helio Development Program (BMMDP)
EV Chargers Installation at Sinarjaya Pool by Helio Bakrie Middle Management
Development Program (BMMDP)
PT Helio Synar Energi (Helio) menyelesaikan
instalasi 7 unit VECTRA EV Charger (2 x 100 kW) Grup BNBR mengadakan Bakrie Middle Management
di pool Sinarjaya untuk mendukung operasional Development Program (BMMDP) yang diikuti
armada bus listrik. Instalasi dilakukan langsung oleh 25 peserta di lingkup Grup BNBR. Pada
dengan supervise tim Helio dan dilengkapi kesempatan ini, para peserta mulai melakukan
layanan Full Maintenance Contract (FMC). presentasi improvement project di hadapan
panelis yang terdiri dari senior manajemen dan
Akademisi Senior Universitas Bakrie (UB).
PT Helio Synar Energi (Helio) has completed the
Dari manajemen BNBR diwakili oleh Bapak Okder
installation of seven VECTRA EV Chargers (2 x 100
Pendrian selaku Chief Human Capital & Office
kW) at the Sinarjaya depot to support the operation
Support, dan dari UB diwakili oleh Bapak Prof.
of Sinarjaya’s electric bus fleet. The installation was
M. Taufiq Amir, S.E., M.M., Ph.D. dan Bapak Arief
carried out under the direct supervision of the Helio
Bimantoro Suharko, BSEE, M.Sc.Eng, Ph.D.
team and includes a Full Maintenance Contract (FMC).
Presentasi ini dibagi dalam beberapa sesi yang
dimulai di bulan Februari hingga Juli 2025. Bagi
peserta yang menyelesaikan seluruh rangkaian
program dengan hasil baik, akan masuk ke dalam
talent pool Grup BNBR dan memiliki kesempatan
mengembangkan karir di posisi-posisi strategis.
BNBR Group held Bakrie Middle Management
Development Program (BMMDP) which was
attended by 25 participants within the BNBR
Group. On this occasion, the participants began
presenting their improvement projects in front of
panelists consisting of senior management and
Senior Academics at Bakrie University (UB).
From BNBR management, Mr. Okder Pendrian as
Chief Human Capital & Office Support, and from UB
represented by Mr. Prof. M. Taufiq Amir, SE, MM, Ph.D.
and Mr. Arief Bimantoro Suharko, BSEE, M.Sc.Eng, Ph.D.
This presentation was divided into several sessions
starting from February to July 2025. Participants who
complete the entire series of programs with good results
will enter the BNBR Group talent pool and obtained the
opportunity to develop a career in strategic positions.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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28
FEBRUARI
FEBRUARY
BPI, BMI, BCONS
One Day Seminar Bersama
Direktorat Air Baku dan Air Tanah,
Kementerian Pekerjaan Umum
One Day Seminar with the Directorate of Raw
Water and Groundwater, Ministry of Public Works
PT Bakrie Pipe Industries (BPI), bersama PT Bakrie Metal Industries (BMI) dan PT Bakrie Construction (BCons),
mengadakan “One Day Seminar: Technology Session on Welding Methods & Product Knowledge” bersama
Direktorat Air Baku dan Air Tanah, Kementerian Pekerjaan Umum, pada Jumat, 28 Februari 2025.
Seminar dibuka oleh Bapak Deddy Kurnia, Chief Operating Officer BPI, dan dilanjutkan dengan
sambutan dari Bapak Ismail Widadi, Direktur Air Tanah & Air Baku, Kementerian PU.
Dalam seminar ini, peserta mendapatkan pemaparan mengenai produk, jasa, serta pengalaman
proyek yang disampaikan oleh Bapak Bagaswara Ramadhan, Assistant Manager of Engineering
Department BPI, dan Bapak Firman Ode Wijaya, Production Planning & Control Head BMI. Selain
itu, peserta juga diajak melihat langsung proses pembuatan dan pelapisan pipa di BPI.
Acara ditutup dengan sesi kuis, pembagian doorprize, serta penyampaian umpan balik dari peserta.
PT Bakrie Pipe Industries (BPI), together with PT Bakrie Metal Industries (BMI) and PT Bakrie Construction
(BCons), held a One Day Seminar: Technology Session on Welding Methods & Product Knowledge with the
Directorate of Raw Water and Groundwater, Ministry of Public Works, on Friday, February 28 2025.
The seminar was opened by Mr. Deddy Kurnia, Chief Operating Officer of BPI, and continued with
remarks from Mr. Ismail Widadi, Director of Groundwater & Raw Water, Ministry of Public Works.
In this seminar, participants received presentations about products, services and project experiences
delivered by Mr. Bagaswara Ramadhan, Assistant Manager of Engineering Department BPI, and
Mr. Firman Ode Wijaya, Production Planning & Control Head BMI. Apart from that, participants
were also invited to see firsthand the process of making and coating pipes at BPI.
The event closed with a quiz session, door prize distribution, and providing feedback from participants.
BPI
BPI Bersama Bakrie Amanah Gelar Buka 14
MARCH
Puasa Bersama dan Berbagi Berkah MARET
BPI Together with Bakrie Amanah Holds Breaking
the Fast Together and Sharing Blessings
PT Bakrie Pipe Industries (BPI) bersama Bakrie Amanah
mengadakan buka puasa bersama sekaligus berbagi
kebahagiaan dengan membagikan 1.000 bingkisan lebaran
untuk warga sekitar serta santunan bagi 50 anak yatim.
PT Bakrie Pipe Industries (BPI) together with Bakrie Amanah held
a joint iftar while sharing happiness by distributing 1,000 Eid
gifts to local residents as well as compensation for 50 orphans.
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APRIL APRIL
APRIL APRIL
BPI BPI
Halal Bi Halal dan Upacara Bendera BPI Kunjungan IISIA ke BPI
BPI’s Halal Bi Halal and Flag-Raising Ceremony IISIA Visit to BPI
Dalam rangka merayakan Idul Fitri 1446 H, PT PT Bakrie Pipe Industries (BPI) menerima kunjungan
Bakrie Pipe Industries (BPI) menyelenggarakan silaturahmi dan plant tour dari Sekretariat The
kegiatan Halal Bihalal dan Upacara Bendera pada Indonesian Iron & Steel Industry Association (lISIA
Selasa, 15 April 2025. Kegiatan ini diikuti oleh sebagai bagian dari upaya mempererat hubungan
Direksi, Manajemen, serta seluruh karyawan BPI. antar anggota serta mendorong pertumbuhan
industri baja nasional yang berkelanjutan.
In order to celebrate Eid al-Fitr 1446 H, PT Bakrie
Pipe Industries (BPI) is holding a Halal Bihalal PT Bakrie Pipe Industries (BPI) received a friendly
activity and a Flag Ceremony on Tuesday, April 15 visit and plant tour from the The Indonesian Iron
2025. This activity was attended by the Directors, & Steel Industry Association (lISIA) Secretariat as
Management, and all employees of BPI. part of efforts to strengthen relations between
members and encourage the sustainable
growth of the national steel industry.
BNBR
Sosialisasi Internal Audit oleh Internal 26
APRIL
Audit Grup BNBR di Kantor BMI APRIL
Socialization of Internal Audit by BNBR
Group’s Internal Audit at BMI Office
Tim Internal Audit PT Bakrie & Brothers Tbk (BNBR)
mengadakan sosialisasi aspek GCG, business ethics
protocol, dan pelaporan penerimaan gratifikasi
kepada Grup PT Bakrie Metal Industries (BMI).
Acara ini diikuti 105 karyawan dari PT Bakrie Pipe
Industries (BPI), PT Bakrie Construction (BCons). dan PT
Southeast Asia Pipe Industries.(SEAPI) guna memperkuat
daya saing industri di tengah dinamika global.
The Internal Audit Team of PT Bakrie & Brothers Tbk
(BNBR) held outreach on aspects of GCG, business
ethics protocol, and reporting on gratification receipts
to PT Bakrie Metal Industries (BMI) Group.
This event was attended by 105 employees from PT Bakrie
Pipe Industries (BPI), PT Bakrie Construction (BCons).
and PT Southeast Asia Pipe Industries (SEAPI).
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27 29
MEI MEI
MAY MAY
BPI, BMI VKTR
Seminar dan Plant Visit BPI Peresmian Fasilitas Perakitan Kendaraan
dan BMI bersama AKI Listrik Berbasis CKD VKTS
BPI and BMI Seminar and Plant Visit Inauguration of CKD VKTS Based Electric
in Collaboration with AKI Vehicle Assembly Facility
PT Bakrie Pipe Industries (BPI) dan PT Bakrie Metal PT VKTR Teknologi Mobilitas Tbk (VKTR) mengadakan
Industries (BMI) bersama Asosiasi Kontraktor Indonesia acara peresmian fasilitas perakitan kendaraan listrik
(AKI) menggelar seminar dan plant visit bertema “Steel berbasis CKD milik anak usahanya, PT VKTR Sakti
Products Specification Knowledge” pada 27 Mei 2025. Industries yang berlokasi di Magelang, Jawa Tengah.
Kegiatan ini bertujuan memperkuat pemahaman Fasilitas ini merupakan pusat perakitan Kendaraan
teknis seputar spesifikasi produk baja serta Bermotor Listrik Berbasis Baterai (KBLBB) berstandar
membuka ruang diskusi antara pelaku industri internasional, dilengkapi dengan teknologi mutakhir
manufaktur dan kontraktor, dengan rangkaian mulai pada lini perakitan dan fasilitas pengecekan. Fasilitas
dari penyampaian materi, sesi tanya jawab, plant ini memiliki kapasitas produksi hingga 3.000 unit
tour, hingga permainan dan penyampaian umpan per tahun dan menjadi pusat perakitan berbagai
balik yang berlangsung penuh antusiasme. kendaraan listrik, termasuk bus listrik ukuran 12
meter yang telah memenuh persyaratan Tingkat
Komponen Dalam Negeri (TKDN) lebih dari 40%.
PT Bakrie Pipe Industries (BPI) and PT Bakrie
Metal Industries (BMI) together with the Indonesian
Contractors Association (AKI) held a seminar PT VKTR Teknologi Mobilitas Tbk (VKTR) held an
and plant visit with the theme “Steel Products inauguration event for the CKD-based electric
Specification Knowledge” on May 27 2025. vehicle assembly facility located in Magelang,
Central Java, owned by its subsidiary PT VKTR
This activity aims to strengthen technical understanding Sakti Industries. This facility is an assembly center
regarding steel product specifications and open for international standard Battery Based Electric
up space for discussion between manufacturing Motor Vehicles (KBLBB), equipped with the latest
industry players and contractors, with activities technology in assembly lines and checking facilities.
ranging from material delivery, question and This facility has a production capacity of up to
answer sessions, plant tours, to games and 3,000 units per year and is the assembly center for
feedback deliveries that were full of enthusiasm. various electric vehicles, including 12 meter electric
buses which have met the Domestic Component
Level (TKDN) requirements of more than 40%.
BNBR
Rapat Umum Pemegang Saham Tahunan BNBR 2025 30
BNBR Annual General Meeting of Shareholders 2025 JUNI
JUNE
PT Bakrie & Brothers Tbk (BNBR) mengadakan Rapat Umum Pemegang
Saham Tahunan (RUPST) pada 30 Juni 2025. Di dalam RUPST tersebut
Perseroan menyampaikan di antaranya kinerja usaha dan kondisi finansial
Perseroan yang kemudian disetujui oleh para pemegang saham.
PT Bakrie & Brothers Tbk (BNBR) held an Annual General Meeting of
Shareholders (AGMS) on June 30, 2025. At the AGMS, the Company
presented, among other things, business performance and the Company’s
financial condition which were then approved by the shareholders.
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31 6
JULI AGUSTUS
JULY AUGUST
BMI HELIO
Kunjungan Industri Management Instalasi EV Charging Unit di Stasiun
Trainee BMI DAMRI Ciputat oleh Helio
Industrial Visit by BMI Management Trainee EV Charging Unit Installation at DAMRI’s
Ciputat Station by Helio
Management Trainee Grup PT Bakrie Metal
Industries (BMI) Angkatan X melaksanakan PT Helio Synar Energi (Helio) menyelesaikan instalasi
kunjungan industri ke PT Krakatau Steel, PT 24 EV Charging Unit di Stasiun DAMRI Ciputat
Bakrie Construction, dan PT Southeast Asia Pipe yang merupakan pusat penyediaan daya bagi
Industries. Kunjungan ini berlangsung selama dua bus listrik DAMRI yang beroperasi pada layanan
hari dari 31 Juli 2025 hingga 1 Agustus 2025. Transjakarta. Stasiun Ciputat merupakan charging
station DAMRI ke-4 dan berperan penting dalam
Kegiatan ini memberikan kesempatan untuk melihat
memastikan kesiapan bus listrik DAMRI tetap
langsung proses produksi, pemanfaatan teknologi,
optimal, peranan ini semakin didukung dengan
dan praktik manajemen di industri manufaktur dan
spesifikasi EV charger yang hanya membutuhkan
konstruksi. Selain memperluas wawasan teknis,
waktu 2 jam pengisian daya untuk menjamin jarak
kunjungan ini juga memperkuat pemahaman
tempuh bus listrik DAMRI hingga 250 km.
terhadap rantai nilai industri baja nasional serta
mendorong kolaborasi antar unit dalam Grup BMI.
PT Helio Synar Energi (Helio) has completed the
installation of 24 EV charging units at the DAMRI
Management Trainee of PT Bakrie Metal Industries
Ciputat Station, which serves as a power supply hub
(BMI) Group Class X carried out an industrial visit to
for DAMRI electric buses operating on the Transjakarta
PT Krakatau Steel, PT Bakrie Construction, and PT
route. The Ciputat Station is DAMRI’s fourth charging
Southeast Asia Pipe Industries. This visit lasted for
station and plays a crucial role in ensuring the optimal
two days, from July 31, 2025 until August 1, 2025.
readiness of DAMRI’s electric buses; this role is
This activity provides an opportunity to see firsthand further supported by the EV chargers’ specifications,
the production processes, technology utilization and which require only 2 hours of charging to ensure a
management practices in the manufacturing and range of up to 250 km for DAMRI’s electric buses.
construction industries. Apart from broadening technical
insight, this visit also strengthened understanding of
the national steel industry value chain and encouraged
collaboration between units within the BMI Group.
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19 10
AGUSTUS SEPTEMBER
AUGUST SEPTEMBER
MODULA3D BNBR
Groundbreaking Proyek INTP dan Modula3D Rapat Umum Pemegang Saham
Groundbreaking of INTP and Modula3D Project Luar Biasa BNBR 2025
BNBR Extraordinary General Meeting
PT Indocement Tunggal Prakarsa Tbk (INTP) resmi of Shareholders 2025
menggandeng PT Modula Tiga Dimensi (Modula3D),
salah satu anak usaha PT Bakrie & Brothers Tbk PT Bakrie & Brothers Tbk (BNBR) mengadakan Rapat
(BNBR), guna menggarap produk baru berbasis Umum Pemegang Saham Luar Biasa (RUPSLB) pada 10
teknologi konstruksi cetak tiga dimensi. September 2025. Di dalam RUPSLB tersebut Perseroan
menyampaikan di antaranya rencana transaksi material
Bersama Modula3D pihak INTP berinovasi
dan perubahan susunan Dewan Komisaris Perseroan
dengan melahirkan sebuah karya kolaboratif yang
yang kemudian disetujui oleh para pemegang saham.
diberi nama Indocement Collaborative Hub.
Dalam keterangan resmi, Direktur Utama INTP,
Christian Kartawijaya menyatakan bahwa kolaborasi PT Bakrie & Brothers Tbk (BNBR) held an Extraordinary
ini untuk menandai momentum emas 50 tahun General Meeting of Shareholders (AGMS) on September
perjalanan Indocement dalam memasuki era baru 10, 2025. At the EGMS, the Company presented, among
konstruksi di Indonesia, yakni dengan adopsi teknologi other things, Company’s material transaction plan
konstruksi cetak tiga dimensi atau 3D construction and changes in Board of Commissioners composition
printing (3DCP) yang disediakan oleh Modula3D. which were then approved by the shareholders.
PT Indocement Tunggal Prakarsa Tbk (INTP)
officially collaborated with PT Modula Tiga Dimensi
(Modula3D), a subsidiary of PT Bakrie & Brothers Tbk
(BNBR), to work on new products based on three-
dimensional printed construction technology.
Together with Modula3D, INTP innovated
by producing a collaborative work called
Indocement Collaborative Hub.
In an official statement, the President Director
of INTP, Christian Kartawijaya stated that this
collaboration was to mark the golden momentum
of Indocement’s 50 year journey in entering a new
era of construction in Indonesia, namely by the
adoption of three-dimensional printing construction
technology (3DCP) provided by Modula.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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10 20
OKTOBER OKTOBER
OCTOBER OCTOBER
VKTR VKTR
Partisipasi di Acara Indonesia International 5 Unit Bus Listrik Transjakarta yang
Sustainability Forum (IISF) 2025 Dioperasikan oleh DAMRI Mulai Beroperasi
Participation in the 2025 Indonesia International 5 Transjakarta Electric Buses Operated
Sustainability Forum (IISF) Event by DAMRI Began Operating
Untuk menyatakan dukungannya terhadap upaya Sebanyak 5 unit bus listrik yang dirakit oleh PT VKTR
keberlanjutan, PT VKTR Teknologi Mobilitas Tbk (VKTR) Teknologi Mobilitas Tbk (VKTR) dan PT Karoseri
kembali berpartisipasi dalam IISF 2025. Di acara Laksana Manufaktur (Laksana) untuk Transjakarta
berskala internasional ini, perusahaan memperkenalkan telah dioperasikan oleh DAMRI. Jumlah ini merupakan
branding serta produk-produknya sekaligus bagian dari pemesanan 80 unit bus listrik oleh DAMRI
menegaskan komitmennya untuk berkontribusi terhadap yang diterima oleh VKTR pada bulan April 2025.
masa depan yang lebih bersih bagi Indonesia.
A total of 5 electric buses assembled by PT VKTR
To express its support for sustainability efforts, PT Teknologi Mobilitas Tbk (VKTR) and PT Karoseri
VKTR Teknologi Mobilitas Tbk (VKTR) once again Laksana Manufaktur (Laksana) for Transjakarta
participated in IISF 2025. At this international scale have been operated by DAMRI. This number
event, the company introduced its branding and is part of DAMRI’s order for 80 electric buses
products while also emphasizing its commitment which was received by VKTR in April 2025.
to contributing to a cleaner future for Indonesia.
BPI
Perlombaan HUT BPI Ke-66 24
Competition of BPI’s 66th Anniversary OKTOBER
OCTOBER
Dalam rangka memeriahkan HUT ke-66 PT Bakrie Pipe
Industries (BPI), diadakan Lomba Menggambar Anak Pekerja
BPI dengan tema “BPI Kebanggaan Kita Bersama” serta
Lomba Kebersihan dan Kreativitas Menghias Area Kerja.
Melalui kegiatan ini, BPI ingin menumbuhkan
rasa bangga terhadap BPI sejak dini, sekaligus
mendorong semangat kebersamaan, kreativitas.
dan kepedulian terhadap lingkungan kerja.
To celebrate the 66th anniversary of PT Bakrie Pipe Industries
(BPI), a Drawing Contest were held for BPI Employees’ Children
with the theme “BPI: Our Shared Pride,” as well as a Cleanliness
and Creativity Contest and Decorating Work Areas Contest.
Through these activities, BPI aimed to foster a sense of pride
in BPI from an early age, while also encouraging a spirit of
togetherness, creativity, and care for the work environment.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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OKTOBER NOVEMBER
OCTOBER NOVEMBER
BMI BNBR
Pembangunan Steel Box 15 Unit Bus Listrik Transjakarta yang
Girder di IKN oleh BMI Dioperasikan oleh DAMRI Mulai Beroperasi
Construction of Steel Box Girder at IKN by BMI 15 Transjakarta Electric Buses Operated
by DAMRI Began Operating
PT Bakrie Metal Industries (BMI) turut berpartisipasi
dalam pembangunan Infrastruktur di Ibu Kota Sebanyak 15 unit bus listrik Transjakarta rakitan PT
Nusantara (IKN) melalui pembangunan Steel Box VKTR Teknologi Mobilitas Tbk (VKTR) dan PT Karoseri
Girder dengan bentang 146,40 meter, pemasangan Laksana Manufaktur (Laksana) yang dioperasikan
dilakukan pada tanggal 28 Oktober 2025.. oleh DAMRI resmi beroperasi. Dengan beroperasinya
unit-unit ini, VKTR telah menyelesaikan total 20 unit
bus listrik pesanan DAMRI untuk Transjakarta.
PT Bakrie Metal Industries (BMI) participated in
the infrastructure development of the Nusantara
Capital City (IKN) through the construction of a A total of 15 Transjakarta electric buses assembled
steel box girder with a span of 146.40 meters; by PT VKTR Teknologi Mobilitas Tbk (VKTR) and PT
installation is scheduled for October 28, 2025. Karoseri Laksana Manufaktur (Laksana) operated
by DAMRI are officially operating. With the operation
of these units, VKTR has completed a total of 20
electric buses ordered by DAMRI for Transjakarta.
BNBR
Kick Off Magang Hub Batch 2 24
Magang Hub Batch 2 Kick Off NOVEMBER
NOVEMBER
Kickoff onboarding peserta Magang Hub, program Pemagangan
Nasional Kementerian Tenaga Kerja (Kemnaker), Batch 2
dilakukan pada 24 November 2025. Dalam kesempatan
tersebut, dilakukan pengenalan tentang Grup Bakrie, nilai-nilai
Trimatra Bakrie,serta peluang karir yang luas di Grup Bakrie.
The kickoff event for the onboarding of participants in the
Magang Hub program—the Ministry of Manpower’s (Kemnaker)
National Internship Program, Batch 2—took place on November
24, 2025. During the event, participants were introduced to the
Bakrie Group, the Bakrie Trimatra values, and the wide range
of career opportunities available within the Bakrie Group.
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DECEMBER DECEMBER
DECEMBER DECEMBER
BNBR BPI
Kunjungan Manajemen BNBR ke CCT Kunjungan PT PLN (Persero) dalam
BNBR Management’s Visit to CCT Percepatan Pengiriman Tiang Listrik Baja
untuk Pemulihan Bencana Sumatera
Manajemen PT Bakrie & Brothers Tbk (BNBR) melakukan Visit of PT PLN (Persero) in Accelerating the Delivery
kunjungan kerja ke jalan tol Cimanggis Cibitung of Steel Electric Poles for Sumatra Disaster Recovery
pada 3 Desember 2025. Hadir dalam acara tersebut
A. Ardiansyah Bakrie (Wakil Direktur Utama & Co- Management PT PLN (Persero), Bapak Sumarno
CEO), Roy Hendrajanto M. Sakti (Direktur), Kartini Sally (EVP Manajemen Rantai Pasok) dan Bapak
(Direktur), dan R.A. Sri Dharmayanti (Direktur). Lambas Richard Pasaribu (EVP Pengembangan
Selain itu, hadir pula R. Atok Hendrayanto (Chief Industrialization Listrik Desa), bersama jajaran manajemen PLN
Officer), Okder Pendrian (Chief Human Capital & Office melakukan kunjungan ke pabrik PT Bakrie Pipe
Support), Didit Ardyanto (Chief Technology Officer), dan A. Industries (BPI) pada 10 Desember 2025.
Amri Aswono Putro (Chief Business Development Officer). Kunjungan ini dilakukan untuk meninjau kesiapan
Acara diawali dengan Town Hall Meeting yang diisi pemaparan pengiriman tiang baja listrik guna pemulihan
tentang profil PT Cimanggis Cibitung Tollways (CCT), kelistrikan di wilayah bencana Sumatera.
oleh Direktur Utama CCT Y. Widi Suharyanto, dan ditutup Kunjungan ini disambut hangat oleh Bapak
dengan site visit ke jalan tol Cimanggis Cibitung KM 63, Iskandar Ihsan Daulay (CCO), Bapak Deddy
lokasi yang akandigunakan untuk membangun Rest Area. Kurnia (COO), serta manajemen BPI. Agenda
Site visit juga dilakukan ke Interchange Burangkeng yang meliputi peninjauan area produksi dan pabrikasi
bakal menjadi persimpangan antara jalan tol Cimanggis tiang baja, paparan kesiapan pengiriman, hingga
Cibitung dan jalan tol Jakarta Cikampek Selatan atau Japek II. pelepasan tiang baja menuju daerah terdampak.
BPI berkomitmen menghadirkan tiang listrik
berkualitas untuk mendukung PLN dalam
Management of PT Bakrie & Brothers Tbk (BNBR) pemulihan kelistrikan pasca bencana.
paid a working visit to the Cimanggis Cibitung Toll
Road on December 3, 2025. Present at the event was
A. Ardiansyah Bakrie (Deputy President Director & Management of PT PLN (Persero), Mr Sumarno (EVP
Co-CEO), Roy Hendrajanto M. Sakti (Director), Kartini Supply Chain Management) and Mr Lambas Richard
Sally (Director), and RA. Sri Dharmayanti (Director). Pasaribu (EVP Village Electricity Development),
Also present were R. Atok Hendrayanto (Chief Industrialization together with PLN management visited the PT Bakrie
Officer), Okder Pendrian (Chief Human Capital & Office Pipe Industries (BPI) factory on December 10, 2025.
Support), Didit Ardyanto (Chief Technology Officer), and A. This visit was carried out to review the readiness
Amri Aswono Putro (Chief Business Development Officer). to send electric steel poles for electrical
The event began with a Town Hall Meeting which recovery in the Sumatra disaster area.
included a presentation about the profile of PT Cimanggis This visit was warmly welcomed by Mr. Iskandar
Cibitung Tollways (CCT) by the President Director of Ihsan Daulay (CCO), Mr. Deddy Kurnia (COO),
CCT Y. Widi Suharyanto, and concluded with a site and BPI management. The agenda includes
visit to the Cimanggis Cibitung Toll Road KM 63, the reviewing the production and manufacturing area
location that will be used to build Rest Area. for steel poles, exposure to shipping readiness,
Site visits were also carried out to the Burangkeng Interchange and releasing steel poles to affected areas.
which will be the junction between the Cimanggis Cibitung Toll BPI is committed to providing quality electricity poles
Road and the Jakarta Cikampek Selatan Toll Road or Japek II. to support PLN in electricity recovery after disasters.
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DECEMBER DECEMBER
DECEMBER DECEMBER
VKTR VKTR
Penandatanganan MoU Kerjasama 30 Unit Bus Listrik Transjakarta yang
Riset VKTR, ICCT, LPEM FEB UI Dioperasikan oleh DAMRI Mulai Beroperasi
Signing of MoU on Research Cooperation 30 Transjakarta Electric Buses Operated
VKTR, ICCT, LPEM FEB UI by DAMRI Began Operating
PT VKTR Teknologi Mobilitas Tbk (VKTR) Sebanyak 30 unit bus listrik Transjakarta rakitan
menandatangani perjanjian kerjasama riset dengan PT VKTR Teknologi Mobilitas Tbk (VKTR) dan PT
ICCT dan Lembaga Penyelidikan Ekonomi & Karoseri Laksana Manufaktur (Laksana) yang
Masyarakat Fakultas Bisnis & Ekonomi UI (LPEM dioperasikan oleh DAMRI resmi beroperasi.
FEB UI). Riset ini akan berfokus pada biaya Dengan beroperasinya unit-unit ini, VKTR telah
kepemilikan kendaraan listrik di Indonesia. menyelesaikan total 50 unit bus listrik pesanan
DAMRI untuk Transjakarta dari total pemesanan
80 unit yang diterima pada bulan April 2025.
PT VKTR Teknologi Mobilitas Tbk (VKTR) signed a
research collaboration agreement with ICCT and
the Institute for Economic & Community Research, A total of 30 Transjakarta electric buses assembled
Faculty of Business & Economics, UI (LPEM FEB UI). by PT VKTR Teknologi Mobilitas Tbk (VKTR) and PT
This research will focus on the cost of owning electric Karoseri Laksana Manufaktur (Laksana) operated by
DAMRI are officially operating. With the operation of
these units, VKTR has completed a total of 50 electric
buses ordered by DAMRI for Transjakarta from the
total order of 80 units received in April 2025.
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DECEMBER DECEMBER
DECEMBER DECEMBER
BNBR BNBR
Strategic Meeting BNBR Paparan Publik Insidentil BNBR
BNBR Strategic Meeting BNBR Incidental Public Expose
Pada penghujung tahun 2025 grup PT Bakrie & Brothers PT Bakrie & Brothers Tbk (BNBR)
Tbk (BNBR), Grup PT Bakrie Global Ventura (BGV), dan mengadakan paparan publik insidentil yang
Grup PT Visi Media Asia Tbk (VIVA) mengikuti arahan dari dihadiri oleh peserta dari berbagai kalangan.
Direktur Utama & CEO BNBR Bapak Anindya Bakrie yang Pada kesempatan tersebut Manajemen
dikemas dengan tajuk “BNBR Group, BGV Group, VIVA BNBR menyampaikan penjelasan tentang
Group Strategic Briefing 2025”. Acara ini dihadiri seluruh aksi korporasi yang telah dilakukan dan
Senior Management Team (SMT) dari ketiga perusahaan. dampaknya terhadap prospek BNBR
sehingga berpotensi mempengaruhi
Dalam pidatonya, Bapak Anindya Bakrie menyampaikan
pergerakan harga saham BNBR.
pentingnya Grup Bakrie untuk terus bertumbuh, berkembang,
dan maju menjadi perusahaan global dengan berfokus
pada transisi menuju green industry dan mengadopsi
PT Bakrie & Brothers Tbk (BNBR) held
perkembangan teknologi artificial intellligence (AI).
an incidental public expose attended by
Dalam kesempatan ini, Komisaris Independen BNBR Bapak Adrian participants from various sectors. During
T.P. Panggabean memaparkan lansekap ekonomi terkini di ranah the event, BNBR management provided
domestik dan global. Dilanjutkan dengan peneliti Bandung Fe an explanation of the corporate actions
Institute dan AI Research Center di Institute Technology Del that had been taken and their impact on
Bapak Prof. Hokky Situngkir, yang mempresentasikan tentang BNBR’s outlook, which could potentially
urgensi adopsi teknologi AI dalam mendorong pertumbuhan influence the movement of BNBR’s stock
bisnis untuk memperkuat strategi efisiensi dan inovasi.
At the end of 2025 PT Bakrie & Brothers Tbk (BNBR) Group,
PT Bakrie Global Ventura (BGV) Group, and PT Visi Media
Asia Tbk (VIVA) Group received direction from the President
Director & CEO of BNBR, Mr. Anindya Bakrie, which was
presented in the event “BNBR Group, BGV Group, VIVA Group
Strategic Briefing 2025”.This event was attended by all Senior
Management Teams (SMT) from the three companies.
In his speech, Mr. Anindya Bakrie conveyed the importance
of the Bakrie Group to continue to grow, develop and
progress into a global company. Namely, by focusing
on the transition to a green industry and adopting
developments in artificial intelligence (AI) technology.
On this occasion, the Independent Commissioner of BNBR, Mr.
Adrian T.P. Panggabean, presented the latest economic landscape
in the domestic and global domains. Followed by researchers
from the Bandung Fe Institute and the AI Research Center at the
Institute Technology Del Mr. Prof. Hokky Situngkir, who presented
the urgency of adopting AI technology in driving business
growth to strengthen efficiency and innovation strategies.
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LAPORAN
DEWAN
KOMISARIS
DAN DIREKSI >
REPORT FROM THE BOARD
OF COMMISSIONERS &
THE BOARD OF DIRECTORS
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LAPORAN DEWAN KOMISARIS
REPORT FROM THE BOARD OF COMMISSIONERS
MEMBANGUN
MASA DEPAN
PAVING THE FUTURE
Di tengah dinamika ekonomi global dan domestik yang penuh tantangan,
Perseroan mampu melakukan akuisisi strategis dan menunjukkan ketahanan kinerja.
Amid challenging global and domestic economic conditions, the Company
managed to make a strategic acquisition and demonstrate resilient performance.
Para Pemegang Saham yang terhormat, Dear esteemed Shareholders,
Dengan penuh rasa syukur, kami sampaikan laporan With great appreciation, we present our report on the
pengawasan atas pengelolaan bisnis Perseroan, oversight of the Company’s business management, as
sebagai bagian dari Laporan Tahunan Terintegrasi part of the 2025 Integrated Annual Report. In a year
2025. Di tahun yang masih diwarnai ketidakpastian marked by global uncertainties, The Company was
global, Perseroan mampu melewatinya dengan able to navigate these challenges by capitalizing on
memanfaatkan kondisi domestik yang kondusif. favorable domestic conditions. Through disciplined
Melalui pengelolaan keuangan yang disiplin dan financial management and forward-looking strategies,
strategi yang berorientasi ke depan, Perseroan the Company has been able to maintain stability
mampu menjaga stabilitas sekaligus memperkuat while strengthening its long-term growth platform.
platform pertumbuhan jangka panjangnya. Hal ini This is evidenced by strategic acquisitions and the
ditandai melalui akuisisi strategis dan konsolidasi consolidation of key infrastructure assets, namely
aset infrastruktur utama, jalan tol Cimanggis - the Cimanggis - Cibitung toll road. As a result, the
Cibitung. Sehingga Perseroan dapat memasuki fase Company can enter the next phase with a stronger
berikutnya dengan fondasi yang lebih kokoh dan foundation and new momentum for sustainable growth.
momentum baru untuk pertumbuhan berkelanjutan.
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KINERJA DIREKSI BOARD OF DIRECTORS PERFORMANCE
Perekonomian Indonesia di tahun 2025 tumbuh Indonesia’s economy in 2025 is projected to grow
kuat sebesar 5,11 persen, melampaui capaian 2024 strongly by 5.11 percent, surpassing the 2024
yang sebesar 5,03 persen. Pertumbuhan tersebut growth rate of 5.03 percent. This growth is driven
didorong terutama oleh konsumsi rumah tangga, primarily by household consumption, mineral
hilirisasi mineral (pertambangan), serta sektor jasa dan down streaming (mining), and the services and
industri. Sektor transportasi, pergudangan, informasi- industrial sectors. The transportation, warehousing,
komunikasi, jasa keuangan, serta perdagangan information and communications, financial
tumbuh pesat, didukung akselerasi belanja services, and trade sectors are growing rapidly,
pemerintah dan kinerja ekspor yang tetap baik. supported by accelerated government spending
and continued strong export performance.
Bank Dunia memangkas proyeksi pertumbuhan
ekonomi Indonesia 2026 menjadi 4,7% dari perkiraan The World Bank has revised down its 2026 economic
sebelumnya 4,8%. Penurunan ini dipicu oleh tekanan growth projection for Indonesia to 4.7% from the
harga minyak global dan ketidakpastian perdagangan. previous estimate of 4.8%. This downward revision
Proyeksi ini menempatkan pertumbuhan di bawah is driven by global oil price pressures and trade
target pemerintah dan lebih rendah dari capaian uncertainties. This projection places growth below
2025 yang sebesar 5,11%. Proyeksi ini menunjukkan the government’s target and is lower than the
risiko tekanan ekonomi domestik, namun posisi 2025 growth rate of 5.11%. While this projection
Indonesia sebagai eksportir komoditas diharapkan highlights risks of domestic economic pressures,
mampu menjaga stabilitas, meskipun harus Indonesia’s position as a commodity exporter
menghadapi tantangan sentimen pasar global. is expected to help maintain stability, even as it
faces challenges from global market sentiment.
Sementara itu Dana Moneter Internasional (IMF)
memangkas proyeksi pertumbuhan global untuk Meanwhile, the International Monetary Fund (IMF) has
tahun 2026 karena guncangan harga minyak cut its global growth forecast for 2026 as oil price
akibat perang di Timur Tengah berdampak pada shocks caused by the war in the Middle East are
perekonomian di seluruh dunia, dan memasukkan impacting economies worldwide and has factored in
kemungkinan resesi jika konflik berlarut-larut the possibility of a recession if the conflict drags on
dan infrastruktur energi rusak parah. and energy infrastructure suffers severe damage.
Lembaga keuangan global ini memperkirakan This global financial institution projects that
ekonomi dunia akan tumbuh 3,1%; IMF juga the global economy will grow by 3.1%; the
menaikkan perkiraan inflasi, mencerminkan IMF has also raised its inflation forecast,
kenaikan harga energi dan pangan. reflecting rising energy and food prices.
Dewan Komisaris menilai bahwa di tengah kondisi The Board of Commissioners believes that, amid
ekonomi global yang tidak menentu, Direksi telah uncertain global economic conditions, the Board
mengambil terobosan dengan langkah-langkah of Directors has taken bold yet prudent steps in
yang cermat dalam menjalankan bisnis Perseroan. managing the Company’s business. Following the
Setelah berhasil melakukan revitalisasi kondisi successful revitalization of financial condition through
keuangan melalui upaya restrukturisasi utang debt restructuring efforts and quasi-reorganization
serta aksi korporasi kuasi reorganisasi pada tahun corporate actions in 2024—which resulted in a
2024 yang menghasilkan postur laporan keuangan significantly leaner and healthier financial structure
Perseroan yang jauh lebih ramping dan sehat, di tahun for the Company—in 2025, the Company executed a
2025, Perseroan melakukan akuisisi strategis jalan strategic acquisition of the Cimanggis - Cibitung (CCT)
tol Cimanggis - Cibitung (CCT), yang memperkuat toll road, which strengthens BNBR’s infrastructure
platform infrastruktur BNBR sekaligus mendukung platform while supporting national connectivity and
konektivitas nasional dan efisiensi logistik. Aset ini logistics efficiency. This asset provides a stable long-
menyediakan sumber pendapatan jangka panjang term revenue stream and reinforces BNBR Group’s
yang stabil serta mempertegas peran Grup BNBR role in Indonesia’s infrastructure development agenda.
dalam agenda pembangunan infrastruktur Indonesia.
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Pada tahun buku 2025, Perseroan membukukan In the 2025 fiscal year, the Company reported
pendapatan bersih sebesar Rp3,74 triliun, net revenue of Rp3.74 trillion, compared to
dibandingkan Rp3,87 triliun pada tahun 2024, Rp3.87 trillion in 2024 with manufacturing and
dengan aktivitas manufaktur dan infrastruktur infrastructure remained as largest contributors.
tetap menjadi kontributor terbesar.
Operating profit stood at Rp116.86 billion,
Laba usaha tercatat sebesar Rp116,86 miliar, compared to Rp282.87 billion in 2024, reflecting
dibandingkan Rp282,87 miliar pada tahun 2024, margin pressure and higher operating costs.
mencerminkan tekanan margin dan peningkatan However, net profit increased to Rp502.74 billion
biaya operasional. Namun demikian, laba from Rp336.05 billion, primarily driven by non-
bersih meningkat menjadi Rp502,74 miliar dari recurring gains from strategic transactions,
Rp336,05 miliar, terutama berasal dari keuntungan including gains from discounted purchases.
non-rutin dari transaksi strategis, termasuk
keuntungan pembelian dengan diskon. With regards to strong business performance in 2025,
the Company has successfully maintained positive
Dengan eksekusi bisnis yang baik pada tahun results for five consecutive years following the
2025, Perseroan telah berhasil mempertahankan pandemic. On behalf of the Board of Commissioners,
kinerja positif selama lima tahun berturut-turut we would like to express our appreciation to the Board
pasca pandemi. Atas nama Dewan Komisaris, of Directors for their steadfast performance in 2025.
kami menyampaikan apresiasi kepada Direksi
atas keteguhan kinerjanya di tahun 2025. In particular, the Board of Commissioners expressed
its appreciation to the Board of Directors for their
Secara khusus Dewan Komisaris menyampaikan high level of dedication in driving innovation that
apresiasi kepada Direksi atas dedikasi yang tinggi strengthens the Company’s business capabilities
dalam mendorong inovasi yang memperkuat and competitiveness in a dynamic environment. This
kapabilitas bisnis dan daya saing Perseroan di tengah commitment is reflected in the Company’s strategic
lingkungan yang dinamis. Komitmen ini tercermin efforts to capitalize on opportunities in the automotive
dalam upaya strategis Perseroan untuk memanfaatkan market and infrastructure development. Additionally,
peluang di pasar otomotif dan pembangunan the Company proactively explores sustainable
infrastruktur. Selain itu, Perseroan secara proaktif business ventures by aligning technological innovation
menjajaki usaha bisnis yang berkelanjutan dengan with environmental responsibility. Key initiatives
menyelaraskan inovasi teknologi dengan tanggung include the distribution of electric vehicles, such as
jawab terhadap lingkungan. Inisiatif utama meliputi electric buses for TransJakarta, as well as electric
distribusi kendaraan listrik, seperti bus listrik trucks and electric forklifts for use in the private sector.
untuk TransJakarta, serta truk listrik dan forklift
listrik untuk penggunaan di sektor swasta. Hence, the Board of Commissioners extends gratitude
to the Board of Directors for their unwavering
Oleh karena itu, Dewan Komisaris menyampaikan dedication in fulfilling their responsibilities,
terima kasih kepada Direksi atas dedikasinya yang driving production and sales growth through
tiada henti dalam memenuhi tanggung jawabnya, strategic business initiatives, and pioneering
mendorong pertumbuhan produksi dan penjualan sustainable business breakthroughs. With such
melalui inisiatif bisnis strategis, dan merintis solid achievements, the Board of Commissioners
terobosan bisnis berkelanjutan. Dengan pencapaian anticipates that the Company will build upon this
yang solid tersebut, Dewan Komisaris berharap foundation for robust business expansion in the future.
bahwa Perseroan akan membangun fondasi ini
untuk ekspansi bisnis yang kuat di masa depan. SUPERVISION OF STRATEGY
IMPLEMENTATION
PENGAWASAN ATAS
In overseeing the implementation of the
IMPLEMENTASI STRATEGI
Company’s strategy and management, the Board
Dalam mengawasi pelaksanaan strategi dan of Commissioners employs a mechanism involving
pengelolaan Perusahaan, Dewan Komisaris joint meetings of the Board of Commissioners and
menggunakan mekanisme berupa rapat gabungan the Board of Directors. The Board of Commissioners
Dewan Komisaris dan Direksi. Dewan Komisaris seek explanations from management on specific
meminta penjelasan dari manajemen mengenai matters requiring attention and follow-up, ensuring
hal-hal tertentu yang memerlukan perhatian dan adherence to the established strategy, policies, and
tindak lanjut, untuk memastikan kepatuhan terhadap programs. Furthermore, the Board of Commissioners
strategi, kebijakan, dan program yang telah
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ditetapkan. Selain itu, Dewan Komisaris mendapat receives support from various Committees, including
dukungan dari berbagai Komite, antara lain Komite the Audit Committee, Nomination and Remuneration
Audit, Komite Nominasi dan Remunerasi, Komite Committee, Corporate Governance Committee, and
Tata Kelola Perusahaan, serta Komite Investasi dan the Investment and Risk Management Committee.
Manajemen Risiko. Komite-komite ini membantu These Committees assist in overseeing critical areas
mengawasi bidang-bidang penting seperti such as corporate governance implementation,
penerapan tata kelola perusahaan, pengendalian internal control and risk management effectiveness,
internal dan efektivitas manajemen risiko, kepatuhan financial reporting compliance and reliability,
dan keandalan pelaporan keuangan, serta and human resource requirements fulfilment.
pemenuhan persyaratan sumber daya manusia.
In supervising the Board of Directors’ management
Dalam melakukan pengawasan terhadap pengelolaan of the Company, the Board of Commissioners offers
Perseroan oleh Direksi, Dewan Komisaris memberikan guidance and input to aid in formulating and executing
arahan dan masukan untuk membantu merumuskan the Company’s strategy, considering economic,
dan melaksanakan strategi Perseroan dengan business, and industry dynamics. In 2025, The Board
mempertimbangkan dinamika perekonomian, bisnis, of Commissioners has directed the Board of Directors
dan industri. Pada tahun 2025, Dewan Komisaris to focus on efforts to acquire the Cimanggis - Cibitung
mengarahkan Direksi untuk fokus pada upaya (CCT) toll road, in addition to implementing strategies
akuisisi strategis jalan tol Cimanggis - Cibitung (CCT), to boost sales of goods and services, pursuing new
disamping melakukan strategi untuk meningkatkan product and business opportunities, and being
penjualan barang dan jasa, mengejar peluang vigilant in seizing every business opportunity while
produk dan bisnis baru, serta waspada dalam optimizing risk management practices. Additionally,
memanfaatkan setiap peluang bisnis dengan they emphasized the importance of improving internal
tetap mengoptimalkan praktik manajemen risiko. control and supervision across all business units,
Selain itu, mereka juga menekankan pentingnya prioritizing Environmental, Social, and Governance
peningkatan pengendalian dan pengawasan (ESG) aspects to ensure business sustainability, and
internal di seluruh unit bisnis, mengedepankan intensifying efforts in trade receivables collection
aspek Environmental, Social, and Governance and optimal utilization of Company assets.
(ESG) untuk menjamin keberlanjutan usaha, serta
mengintensifkan upaya penagihan piutang usaha VIEWS ON BUSINESS PROSPECTS
dan pemanfaatan aset Perusahaan secara optimal.
The Board of Commissioners welcomes the
Company’s performance projections which are an
PANDANGAN ATAS PROSPEK USAHA
illustration of the business prospects outlined by
Dewan Komisaris menyambut baik proyeksi kinerja the Board of Directors in the 2026 Budget Plan, by
Perseroan yang merupakan gambaran prospek setting a number of targets to be achieved in 2026
usaha yang dituangkan Direksi dalam Rencana along with strategic steps to be implemented.
Anggaran tahun 2026, dengan menetapkan sejumlah
target yang akan dicapai dalam tahun 2026 beserta As we enter 2026, the global economy is
langkah-langkah strategis yang akan dijalankan. increasingly facing strategic uncertainty. Geopolitical
fragmentation, the politicization of global supply
Memasuki tahun 2026, perekonomian global chains, and the acceleration of digital transformation
semakin masuk kedalam ketidakpastian strategis. and the energy transition are shaping a highly
fragmentasi geopolitik, politisasi rantai pasok complex economic landscape fraught with risks.
global, serta percepatan transformasi digital
dan transisi energi menciptakan wajah ekonomi We are of the view that the business prospects
yang cukup kompleks, penuh dengan risiko. presented along with the strategic plans and business
targets are quite optimistic. The business outlook is
Kami berpandangan bahwa prospek usaha yang in line with the projected condition of the national
disampaikan beserta rencana strategi dan target economy, which is expected to survive the global
usaha cukup optimistis. Prospek usaha tersebut economic turmoil. With good performance in the
sejalan dengan proyeksi kondisi perekonomian past few years, BNBR and all of its business units
nasional yang diperkirakan dapat bertahan di have good opportunities, especially in supporting
tengah gejolak perekonomian global yang penuh manufacturing and infrastructure sectors and
ketidakpastian. Berbekal kinerja yang bagus di sustainable business. The Board of Commissioners
beberapa tahun terakhir, BNBR serta seluruh unit views that the Board of Directors has tried to continue
usahanya memiliki peluang yang baik khususnya to open opportunities and create promising business
dalam mendukung sektor manufaktur dan
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infrastruktur serta bisnis berkelanjutan. Dewan prospects in the future and believes that the Company
Komisaris memandang bahwa Direksi telah still has positive business prospects in line with the
berusaha untuk terus membuka peluang dan growth and prospects of the national economy.
menjadikan prospek usaha yang menjanjikan di
masa depan dan meyakini bahwa Perseroan tetap
memiliki prospek usaha yang positif sejalan dengan
pertumbuhan dan prospek perekonomian nasional.
PANDANGAN ATAS PENERAPAN VIEWS ON THE IMPLEMENTATION
TATA KELOLA PERUSAHAAN OF CORPORATE GOVERNANCE
Dewan Komisaris menyadari bahwa penerapan Tata The Board of Commissioners recognizes that the
Kelola Perusahaan yang Baik (GCG) bukan hanya resolute application of Good Corporate Governance
sekedar persyaratan, namun merupakan pilar penting (GCG) is not merely a requirement, but a vital pillar
bagi keunggulan perusahaan yang berkelanjutan. of enduring corporate excellence. More than a
Lebih dari sekadar kerangka kerja, GCG dipandang framework, GCG is seen as a living value—one that
sebagai nilai yang hidup - nilai yang memandu setiap guides every action and decision, shaping a culture of
tindakan dan keputusan, membentuk budaya integritas integrity that extends across the entire organization.
yang menjangkau seluruh organisasi. Dengan visi With a vision anchored in long-term sustainability, the
yang berpijak pada keberlanjutan jangka panjang, Board is committed to embedding these principles into
Dewan Komisaris berkomitmen untuk menanamkan the Company’s very fabric, ensuring that compliance
prinsip-prinsip ini ke dalam struktur Perseroan, with laws and regulations is upheld at every level. In
memastikan bahwa kepatuhan terhadap hukum dan doing so, the Company not only secures its future, but
peraturan ditegakkan di setiap tingkatan. Dengan also nurtures the trust of all stakeholders it serves.
demikian, Perseroan tidak hanya mengamankan
masa depannya, tetapi juga memupuk kepercayaan The Board of Commissioners observes with great
semua pemangku kepentingan yang dilayaninya. appreciation the consistent commitment of the
Board of Directors in upholding the principles
Dewan Komisaris memberikan apresiasi yang tinggi enshrined in OJK Regulation No. 21/POJK.04/2015
atas komitmen yang konsisten dari Direksi dalam on Corporate Governance Guidelines for Public
menjunjung tinggi prinsip-prinsip yang tertuang dalam Companies. Throughout 2025, we commend the
Peraturan OJK No. 21/POJK.04/2015 tentang Pedoman Company’s leadership for navigating its course
Tata Kelola Perusahaan Terbuka. Sepanjang tahun with prudence, responsibility, and a deep sense of
2025, kami memuji kepemimpinan Perseroan yang purpose. Guided by the values that define Trimatra
telah menavigasi perjalanannya dengan penuh kehati- Bakrie, the principles of Good Corporate Governance
hatian, tanggung jawab, dan tujuan yang kuat. Dipandu are not merely observed—they are embedded in
oleh nilai-nilai yang mendefinisikan Trimatra Bakrie, the Company’s very soul, shaping its decisions and
prinsip-prinsip Tata Kelola Perusahaan yang Baik direction with integrity, and professionalism at heart.
tidak hanya dipatuhi, tetapi juga tertanam di dalam
jiwa Perseroan, yang membentuk keputusan dan arah WHISTLEBLOWING SYSTEM
Perseroan dengan integritas, dan profesionalisme. IMPLEMENTATION
As part of its dedication to upholding good
IMPLEMENTASI SISTEM
corporate governance and fostering integrity in its
WHISTLEBLOWING
business operations, the Company has instituted
Sebagai bagian dari dedikasinya dalam menjunjung a violation reporting system, also known as a
tinggi tata kelola perusahaan yang baik dan whistleblowing system (WBS). This system is designed
menumbuhkan integritas dalam operasional to proactively identify and prevent irregularities
bisnisnya, Perseroan telah menerapkan sistem or violations across all aspects of the Company’s
pelaporan pelanggaran yang disebut juga activities. By facilitating early detection, the WBS
dengan whistleblowing system (WBS). Sistem ini contributes to cultivating a positive work climate
dirancang untuk secara proaktif mengidentifikasi that leaves no room for fraudulent practices.
dan mencegah penyimpangan atau pelanggaran
di seluruh aspek aktivitas Perusahaan. Dengan
memfasilitasi deteksi dini, WBS berkontribusi
dalam menumbuhkan iklim kerja positif yang tidak
memberikan ruang bagi praktik penipuan.
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Dewan Komisaris mengarahkan upaya berkelanjutan untuk The Board of Commissioners directs ongoing efforts
mensosialisasikan WBS, memastikan bahwa karyawan to socialize the WBS, ensuring that employees
mendapatkan informasi yang baik dan termotivasi are well-informed and motivated to report any
untuk melaporkan setiap pelanggaran yang mereka violations they encounter. This continuous
temui. Inisiatif komunikasi dan pendidikan berkelanjutan communication and education initiative aim to
ini bertujuan untuk memperkuat pemahaman dan reinforce understanding and awareness among
kesadaran di antara karyawan, menyelaraskan tindakan employees, aligning their actions with the objectives
mereka dengan tujuan WBS dan membina lingkungan of the WBS and fostering a work environment
kerja yang bercirikan kebersihan dan integritas. characterized by cleanliness and integrity.
PERUBAHAN SUSUNAN CHANGES IN COMPOSITION OF THE
DEWAN KOMISARIS BOARD OF COMMISSIONERS
Pada tahun 2025 komposisi anggota Dewan In 2025, the composition of the Company’s
Komisaris Perseroan mengalami perubahan, Board of Commissioners members underwent
sehingga susunan Dewan Komisaris pada 31 changes, therefore the composition of the Board of
Desember 2025 adalah sebagai berikut: Commissioners as of December 31, 2025 is as follows:
Komisaris Utama : Armansyah Yamin President Commissioner : Armansyah Yamin
Komisaris Independen : Raniwati Independent Commissioner : Raniwati
Komisaris Independen : Adrian T.P. Panggabean Independent Commissioner : Adrian T.P. Panggabean
Komisaris : Syailendra S. Bakrie Commissioner : Syailendra S. Bakrie
Komisaris : Adika Aryasthana Bakrie Commissioner : Adika Aryasthana Bakrie
PENUTUP CLOSING
Dengan demikian, laporan ini mencerminkan kegiatan Thus, this report reflects the Board of Commissioners’
pengawasan Dewan Komisaris atas perjalanan stewardship over the Company’s journey in
Perseroan di tahun 2025, memonitor kinerja dan 2025, overseeing its performance and guiding
memandu arah Perseroan dengan profesionalisme its course with unwavering professionalism and
dan independensi yang tak tergoyahkan. Dengan independence. With every challenge faced, the
setiap tantangan yang dihadapi, komitmen Dewan Board’s commitment to supporting and enhancing
Komisaris untuk mendukung dan meningkatkan the Company’s growth remains resolute.
pertumbuhan Perseroan tetap teguh.
In closing, the Board extends gratitude to the
Sebagai penutup, Dewan Komisaris menyampaikan Board of Directors and all employees for their
terima kasih kepada Direksi dan seluruh karyawan atas relentless dedication to the sustainability of the
dedikasi mereka yang tiada henti untuk keberlanjutan business. Likewise, profound thanks are offered
bisnis. Demikian pula, terima kasih yang mendalam to the shareholders and stakeholders, whose
kami sampaikan kepada para pemegang saham dan steadfast support has steered the Company through
pemangku kepentingan, yang dukungan teguhnya 2025’s challenges with remarkable success. This
telah membawa Perseroan melewati tantangan di unwavering trust infuses confidence as we look
tahun 2025 dengan kesuksesan yang luar biasa. to the future, with optimism and anticipation for
Kepercayaan yang tak tergoyahkan ini menanamkan the even greater achievements that lie ahead.
kepercayaan diri saat kami menatap masa depan,
dengan optimisme dan antisipasi terhadap
pencapaian yang lebih besar lagi di masa depan. Jakarta, April 2026
Atas nama Dewan Komisaris
On behalf of the Board of Commissioners
PT Bakrie & Brothers Tbk
Armansyah Yamin
Komisaris Utama
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DEWAN KOMISARIS
BOARD OF COMMISSIONERS
ARMANSYAH RANIWATI
YAMIN Komisaris Independen
Komisaris Utama Independent Commissioner
President Commissioner
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SYAILENDRA ADIKA ADRIAN T.P.
S. BAKRIE ARYASTHANA PANGGABEAN
Komisaris BAKRIE Komisaris Independen
Commissioner Komisaris Independent Commissioner
Commissioner
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ARMANSYAH YAMIN
PRESIDEN KOMISARIS
PRESIDENT COMMISSIONER
Armansyah Yamin, Warga Negara Indonesia Armansyah Yamin, an Indonesian citizen,
dilahirkan di Teluk Betung, Lampung pada was born in Teluk Betung, Lampung in
tahun 1953. Beliau lulus dari Akademi 1953. He graduated from Indonesian
Penerbangan Indonesia di Jakarta pada tahun Academy of Aviation in Jakarta in 1972.
1972. Menjalani berbagai pendidikan, seperti He took several educations: Instructor
Instructor and Test Pilot Program British and Test Pilot Program British Aerospace,
Aerospace, Manchester, Inggris (1976) dan Manchester, United Kingdom (1976) and
Airline Management Course Philippine Airlines, Airline Management Course Philippine
Philippine University, Manila (1978). Beliau Airlines, Philippine University, Manila (1978).
juga pernah mengikuti pendidikan di Institute He also studied at Institute Commodity of
Commodity of London, Inggris (1986-1987). London, United Kingdom (1986-1987).
Beliau ditunjuk sebagai Komisaris Utama He was appointed as President Commissioner
pada Juli 2022, sebelumnya beliau menjabat on July 2022, previously he held the position
sebagai Komisaris pada periode 2009 - 2022. of Commissioner for the period 2009 – 2022.
Saat ini, beliau juga memegang Currently, he also
posisi Komisaris di PT Bakrieland Development holds the position of Commissioner at
Tbk. Beliau memulai karirnya di Grup Bakrie PT Bakrieland Development Tbk, He began
sebagai Special Project Manager PT Bakrie & his career at the Bakrie Group as Special
Brothers (1985-1986), Head of Representative Project Manager for PT Bakrie & Brothers
Mindo Commodity Europe Hamburg, Jerman (1985-1986), Head of Representative for
(1987-1991), Managing Director Lewis & Peat Mindo Commodity Europe Hamburg, Germany
International, Singapura (1991-1993), Wakil (1987-1991), Managing Director for Lewis &
Presiden Direktur Bakrie Trading (1993- 1998), Peat International, Singapore (1991-1993), Vice
Komisaris Utama PT Asuransi Ikrar President Director for Bakrie Trading (1993-
Lloyd (1998-2002), Presiden Direktur Perusda 1998), President Commissioner for PT Asuransi
Bersujud, Kalimantan Selatan Ikrar Lloyd (1998- 2002) President Director
(2003-2007) dan Direktur Utama for Perusda Bersujud, South Kalimantan
PT Arm & Ken Investment (2007-2011). (2003-2007) and President Director for
PT Arm & Ken Investment (2007-2011).
Hubungan Afiliasi: Memiliki hubungan afi liasi dengan anggota Dewan Komisaris dan
Direksi, dan Pemegang Saham Pengendali PT Bakrie & Brothers Tbk.
Affiliated Relationship: Affiliated with members of Board of Commissioners, Board of
Directors, and Controlling Shareholders of PT Bakrie & Brothers Tbk.
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RANIWATI
KOMISARIS INDEPENDEN
INDEPENDENT COMMISSIONER
Raniwati, Warga Negara Indonesia, Raniwati, an Indonesian citizen, was born
dilahirkan di Bandung, Jawa Barat pada in Bandung, West Java in 1958. She has a
tahun 1958. Beliau memiliki gelar Sarjana Bachelor degree in International Law from
Hukum di bidang Hukum Internasional Padjadjaran University, Bandung. Currently
dari Universitas Padjajaran, Bandung. Saat she is also registered as member in Capital
ini beliau juga terdaftar sebagai anggota Market Legal Consultants Association
dalam Himpunan Konsultan Hukum Pasar (HKHPM) and Advocate PERADI.
Modal (HKHPM) dan Advokat PERADI.
She was appointed as Independent
Beliau ditunjuk sebagai Komisaris Independen Commissioner on July 2022. Currently, she
pada Juli 2022. Saat ini, beliau juga also holds the position of Commissioner at PT
memegang posisi Komisaris di PT Pintar Pintar Nusantara Sejahtera. She began her
Nusantara Sejahtera. Beliau memulai karirnya career at Bakrie Group in the period 1985 –
di Grup Bakrie pada periode 1985 – 2002 2002 with her last position as Director and
dengan posisi terakhir sebagai Direktur Corporate Secretary. After that, she worked
dan Sekretaris Perusahaan, sesudah itu at MSA Counselors at Law as Founder /
beliau berkarier di MSA Counsellors at Managing Partner from 2002 until now.
Law sebagai Founder / Managing Partner
sejak tahun 2002 hingga sekarang.
Hubungan Afiliasi: Tidak ada
Affiliated Relationship: None
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SYAILENDRA S. BAKRIE
KOMISARIS
COMMISSIONER
Syailendra S. Bakrie, Warga Negara Syailendra S. Bakrie, an Indonesian
Indonesia, lahir di Jakarta pada tahun nationality, was born in Jakarta in 1980
1980 dan memperoleh gelar Sarjana dari and obtained his Bachelor degree from
Babson College Boston, Amerika Serikat. Babson College, Boston, USA.
Beliau menjabat sebagai Komisaris sejak He holds the position of Commissioner since
September 2025, Sebelum bergabung September 2025. Prior to joining the Bakrie
dengan Grup Bakrie, beliau menjabat sebagai Group, he held the position of Junior Analyst
Junior Analyst di Crosby Management, at Crosby Management, Singapore (2003 –
Singapura (2003 – 2005), dan sebagai 2005), and Director at PT MRE Utama (2005
Direktur di PT MRE Utama (2005 – 2008). – 2008). He then joined PT Bakrie & Brothers
Beliau kemudian bergabung dengan PT Tbk as Vice President of Special Office for
Bakrie & Brothers Tbk sebagai Vice President the period of 2008 – 2013, and during this
untuk Special Office pada periode 2008 period he also held position at PT Bakrie
– 2013, dan selama periode ini beliau juga Kalila Investment as Chief Investment Officer
menjabat di PT Bakrie Kalila Investment for the period 2008 – 2010, and later as
sebagai Chief Investment Officer pada President Director for the period 2010 – 2011.
periode 2008 – 2010, dan kemudian sebagai
Direktur Utama pada periode 2010 – 2011. He also served at PT Energi Mega Persada
Tbk as Director (2011-2020), Chief Financial
Beliau juga menjabat di PT Energi Mega Officer (2013), CEO and Managing Director
Persada Tbk sebagai Direktur (2011 – (2018), and currently served as CEO and
2020), Chief Financial Officer (2013), President Director (2020 – present).
CEO dan Managing Director (2018),
dan saat ini menjabat sebagai CEO dan
Direktur Utama (2020 – sekarang).
Hubungan Afiliasi: Memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan
Direksi, dan Pemegang Saham Pengendali PT Bakrie & Brothers Tbk.
Affiliated Relationship: Affiliated with members of Board of Commissioners and Board
of Directors, and Controlling Shareholder of PT Bakrie & Brothers Tbk.
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ADIKA ARYASTHANA BAKRIE
KOMISARIS
COMMISSIONER
Adika Aryasthana Bakrie, Warga Negara Adika Aryasthana Bakrie, an Indonesian
Indonesia, lahir di Jakarta pada tahun 1988. nationality, was born in Jakarta in 1988 and
Beliau memperoleh gelar Sarjana Bisnis obtained both his Bachelor of Business
Kewirausahaan pada tahun 2010, dan gelar Entrepreneur degree in 2010 and Master of
Magister Administrasi Bisnis pada tahun Business Administration degree in 2014 from
2014, keduanya dari Universitas Loyola University Loyola Marymount, California, USA.
Marymount, California, Amerika Serikat.
He holds the position of Commissioner since
Beliau menjabat sebagai Komisaris sejak September 2025. Prior to joining the Bakrie
September 2025. Sebelum bergabung Group, he held the position of Assistant
dengan Grup Bakrie, beliau menjabat Investment Analyst at Alta Verde Group, USA
sebagai Assistant Investment Analyst (2010). He then joined PT Bakrie Sumatera
di Alta Verde Group, Amerika Serikat Plantations Tbk as Chief Executive Service
(2010). Beliau kemudian bergabung & Support for the period of 2016 – 2020.
dengan PT Bakrie Sumatera Plantations
Tbk sebagai Chief Executive Service & He also served at PT Bumi Resources Minerals
Support pada periode 2016 – 2020. Tbk (BRMS) as Director (2020 - present), and at
a subsidiary of BRMS, PT Gorontalo Minerals,
Beliau juga menjabat di PT Bumi Resources as President Director (2024 – present).
Minerals Tbk sebagai Direktur (2020 –
sekarang), dan menjabat di salah satu
anak usaha BRMS, PT Gorontalo Minerals,
sebagai Direktur Utama (2024 – sekarang).
Hubungan Afiliasi: Memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan
Direksi, dan Pemegang Saham Pengendali PT Bakrie & Brothers Tbk.
Affiliated Relationship: Affiliated with members of Board of Commissioners and Board
of Directors, and Controlling Shareholder of PT Bakrie & Brothers Tbk.
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ADRIAN T.P.
PANGGABEAN
KOMISARIS INDEPENDEN
INDEPENDENT COMMISSIONER
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Adrian Toho Parada Panggabean, Warga Negara Adrian Toho Parada Panggabean, an Indonesian
Indonesia, lahir di Jakarta pada tahun 1966. nationality, was born in Jakarta in 1966. He obtained
Beliau memperoleh gelar Sarjana Ekonomi dari his Bachelor degree in Economics from University
Universitas Indonesia, Jakarta, Indonesia pada of Indonesia, Jakarta, Indonesia in 1989, Master of
tahun 1989, gelar Master of Science di bidang Social Science degree in the field of Development
Development Finance dari University of Birmingham, Finance from University of Birmingham, United
Inggris, pada tahun 1992, dan gelar Doctor of Kingdom, in 1992, and Doctor of Philosophy degree
Philosophy di bidang Public Finance dari University specializing in Public Finance from University
of Birmingham, Inggris, pada tahun 1997. of Birmingham, United Kingdom in 1997.
Beliau menjabat sebagai Komisaris Independen He holds the position as Independent Commissioner
sejak September 2025. Saat ini beliau juga menjabat since September 2025. He currently also serves
sebagai Direktur Independen, CIMB Investment as Independent Director of CIMB Investment Bank
Bank Bhd, Kuala Lumpur, Malaysia dan sebagai Bhd, Kuala Lumpur, Malaysia, and as a member
anggota CIMB Group Board Risk and Compliance of the CIMB Group Board Risk and Compliance
Committee untuk CIMB Bank, CIMB Islamic, CIMB Committee for CIMB Bank, CIMB Islamic, and
Investment Bank, Kuala Lumpur, Malaysia. CIMB Investment Bank, Kuala Lumpur, Malaysia.
Beliau memiliki pengalaman lebih dari 35 tahun He has over 35 years of experience in the financial
di bidang industri finansial dan pernah bekerja industry and has worked in eight different countries.
di delapan negara berbeda. Sebelum berkarier Before pursuing a professional career in finance
secara profesional di bidang finansial dan investasi, and investment, he was a lecturer in economics at
beliau merupakan dosen bidang ekonomi di University of Indonesia, Jakarta, Indonesia (1988–
Universitas Indonesia, Jakarta, Indonesia (1988 – 2007). Since switching careers, he has worked
2007). Sejak beralih karier beliau telah menjalani in almost every segment of the financial industry:
hampir seluruh segmen di industri keuangan: merchant banking, international development
merchant banking, international development banking, investment banking, fund management,
banking, investment banking, fund management, and treasury directorate of commercial banking.
dan direktorat treasury perbankan komersial.
From May 2021 to the present, he has served
Pada periode Mei 2021 hingga saat ini, beliau as a technical advisor/consultant at various
pernah menjabat sebagai technical advisor / foreign and local financial institutions, including
konsultan di berbagai lembaga keuangan, di the Asian Development Bank; BRI Research
antaranya Asian Development Bank; BRI Research Institute in Jakarta, Indonesia; Climate Policy
Institute di Jakarta, Indonesia; Climate Policy Initiative (Indonesia); KfW Bankengruppe
Initiative (Indonesia); KfW Bankengruppe (Bank (Frankfurt-based German Investment Bank).
Investasi Jerman yang berbasis di Frankfurt).
He was economic adviser in the Economic Planning
Beliau menjabat sebagai penasihat ekonomi di Department of Brunei Darussalam’s Prime Minister’s
Departemen Perencanaan Ekonomi Kantor Perdana Office (2005-2010). Prior to that, he was economist
Menteri Brunei Darussalam (2005-2010). Sebelum with the Asian Development Bank in Manila,
itu, beliau bekerja sebagai economist di Asian Philippines (2001-2007), Nomura Singapore (1999-
Development Bank di Manila, Filipina (2001-2007), 2001), and United Nations Development Programme,
Nomura Singapura (1999-2001), dan United Nations Jakarta (1998-1999). In Indonesia, he had experience
Development Programme, Jakarta (1998-1999). Di as a consultant in public financial management and
Indonesia, beliau memiliki pengalaman sebagai intergovernmental fiscal relations for the Ministry of
konsultan dalam manajemen keuangan publik dan Finance of the Republic of Indonesia (1997–1999).
hubungan fiskal antar pemerintah untuk Kementerian
Keuangan Republik Indonesia (1997–1999). He has also held directorship positions in
several fund management firms in Indonesia. In
Beliau juga pernah menjabat sebagai direktur addition, he has also served as Chief Economist-
di beberapa perusahaan manajemen investasi cum-Treasury strategist and Executive Vice
di Indonesia. Selain itu, beliau juga pernah President at PT Bank CIMB Niaga Tbk.
menjabat sebagai Chief Economist sekaligus
Treasury strategist dan Executive Vice
President di PT Bank CIMB Niaga Tbk. Hubungan Afiliasi: Tidak ada
Affiliated Relationship: None
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LAPORAN DIREKSI
REPORT FROM THE BOARD OF DIRECTORS
[SEOJK D.1] [GRI 2-22] [GRI 2-23] [GRI 2-24]
MOMENTUM
UNTUK MAJU
FORWARD MOMENTUM
PENGANTAR PREFACE
Sepanjang tahun 2025, perekonomian global tetap Throughout 2025, the global economy remained
diliputi ketidakpastian yang dipengaruhi oleh ketegangan clouded by uncertainty, shaped by geopolitical
geopolitik, tekanan inflasi, kondisi keuangan yang lebih tensions, inflationary pressures, tighter financial
ketat, serta meningkatnya proteksionisme, termasuk conditions, and rising protectionism, including
kembali memanasnya sengketa tarif antar ekonomi renewed tariff disputes among major economies.
besar dunia. Faktor-faktor tersebut mengganggu arus These factors disrupted trade, weakened demand,
perdagangan, melemahkan permintaan global, dan and slowed the pace of global recovery. Amid
memperlambat pemulihan ekonomi dunia. Di tengah these external challenges, Indonesia’s economy
tantangan eksternal tersebut, perekonomian Indonesia continued to demonstrate resilience, supported
terus menunjukkan ketahanan yang kuat, didukung oleh by strong domestic consumption, sustained
konsumsi domestik yang solid, investasi yang berkelanjutan, investment, and prudent macroeconomic
serta kebijakan makroekonomi yang prudent. Dengan policies. With GDP growth estimated at around
pertumbuhan PDB sekitar 5,1% dan inflasi yang tetap 5.1% and inflation remaining manageable,
terkendali, Indonesia menjadi salah satu ekonomi yang Indonesia stood out as one of the more stable
relatif stabil di tengah lingkungan global yang semakin performers in an increasingly volatile global
bergejolak. Stabilitas makroekonomi ini memberikan environment. This macroeconomic stability
landasan yang andal bagi dunia usaha untuk beradaptasi, provided businesses with a reliable foundation
berinvestasi, dan mengejar pertumbuhan jangka panjang. to adapt, invest, and pursue long-term growth.
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Bakrie & Brothers memanfaatkan kondisi domestik Bakrie & Brothers leveraged the favorable
yang kondusif untuk menavigasi ketidakpastian global domestic environment to navigate global and local
dan lokal sepanjang tahun 2025. Melalui pengelolaan uncertainties in 2025. Through disciplined financial
keuangan yang disiplin dan strategi yang berorientasi ke management and a forward-looking strategy, the
depan, Perseroan mampu menjaga stabilitas sekaligus Company maintained stability while strengthening
memperkuat platform pertumbuhan jangka panjangnya. its long-term growth platform. A pivotal milestone
Tonggak penting dicapai selama tahun berjalan melalui was achieved during the year through the strategic
akuisisi strategis dan konsolidasi aset infrastruktur utama, acquisition and consolidation of key infrastructure
terutama jalan tol Cimanggis–Cibitung, yang memperkuat assets, most notably the Cimanggis–Cibitung toll
peran BNBR dalam mendukung konektivitas nasional road, reinforcing BNBR’s role in supporting national
dan pembangunan infrastruktur. Akuisisi ini secara connectivity and infrastructure development. This
signifikan memperluas basis pendapatan berulang acquisition significantly expands the Company’s
berbasis aset, meningkatkan stabilitas arus kas, recurring, asset-backed income base, enhances
serta memperkuat visibilitas kinerja jangka panjang. cash flow stability, and improves long-term earnings
Dengan demikian, Bakrie & Brothers memasuki fase visibility. As a result, Bakrie & Brothers enters
berikutnya dengan fondasi yang lebih kokoh dan the next phase with stronger foundations and
momentum baru untuk pertumbuhan berkelanjutan. renewed momentum for sustainable growth.
Bertumpu pada fondasi aset infrastruktur yang semakin Building on this stronger foundation of infrastructure
kuat, Bakrie & Brothers memasuki fase pertumbuhan assets, Bakrie & Brothers is embracing its
berikutnya dengan berfokus pada penciptaan nilai next phase of growth by focusing on long-
jangka panjang yang berkelanjutan. Perseroan terus term, sustainable value creation. The Company
menyelaraskan strategi bisnisnya dengan prinsip-prinsip continues to align its business strategy with robust
Lingkungan, Sosial, dan Tata Kelola (Environmental, Environmental, Social, and Governance (ESG)
Social, and Governance/ESG) yang kuat, dengan principles, recognizing that resilience in today’s
memahami bahwa ketahanan di era saat ini tidak environment requires not only financial performance
hanya ditentukan oleh kinerja finansial, tetapi juga but also responsible stewardship. By strengthening
oleh tanggung jawab yang berkelanjutan. Melalui ESG practices across its subsidiaries and investing
penguatan praktik ESG di seluruh anak perusahaan in cleaner technologies, renewable energy, and
serta investasi pada teknologi yang lebih bersih, energi socially impactful initiatives, BNBR reaffirms its
terbarukan, dan inisiatif yang berdampak sosial, BNBR commitment to creating value beyond short-term
menegaskan kembali komitmennya untuk menciptakan returns. As the global landscape continues to evolve,
nilai yang melampaui keuntungan jangka pendek. BNBR is positioned not only to withstand future
Seiring dinamika global yang terus berkembang, challenges, but also to contribute meaningfully to
BNBR tidak hanya siap menghadapi tantangan di masa sustainable development and national progress.
depan, tetapi juga berkontribusi secara nyata terhadap
pembangunan berkelanjutan dan kemajuan nasional. Recognizing the significance of both financial
and non-financial performance, Bakrie &
Dengan menyadari pentingnya kinerja keuangan dan Brothers continuously evaluates these
non-keuangan, Bakrie & Brothers secara berkelanjutan dimensions comprehensively and presents
mengevaluasi kedua aspek tersebut secara them in an integrated format within this
komprehensif dan menyajikannya secara terintegrasi Integrated Annual Report, which also outlines
dalam Laporan Tahunan Terintegrasi ini, yang juga the Company’s sustainability performance.
memuat capaian kinerja keberlanjutan Perseroan.
2025 GLOBAL ECONOMY:
EKONOMI GLOBAL 2025 – MENJAGA SUSTAINING GROWTH AMID
PERTUMBUHAN DI TENGAH GLOBAL TRANSFORMATION
TRANSFORMASI GLOBAL
In 2025, the global economy is navigating a
Pada tahun 2025, perekonomian global berada dalam period of profound structural transformation,
fase transformasi struktural yang mendalam, dipengaruhi shaped by intensifying geopolitical rivalries, rising
oleh meningkatnya rivalitas geopolitik, proteksionisme protectionism, and the fragmentation of global
yang semakin kuat, serta fragmentasi perdagangan trade. Major economies are recalibrating supply
internasional. Berbagai negara besar melakukan chains to enhance resilience, while slower global
penyesuaian rantai pasokan untuk meningkatkan growth reflects tighter financial conditions and
ketahanan, sementara pertumbuhan global yang lebih cautious investment sentiment. At the same time,
lambat mencerminkan kondisi keuangan yang ketat dan
sentimen investasi yang lebih berhati-hati. Di saat yang
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sama, terobosan pesat dalam kecerdasan buatan dan rapid breakthroughs in artificial intelligence and
teknologi digital mulai mengubah lanskap industri, digital technologies are reshaping industries, even
sementara percepatan transisi menuju sistem rendah as the urgent transition toward low-carbon and
karbon dan tahan iklim menghadirkan peluang climate-resilient systems creates both opportunities
sekaligus disrupsi. Konflik regional yang berkelanjutan, and disruptions. Persistent regional conflicts, shifting
perubahan aliansi global, serta persaingan atas alliances, and competition for critical resources further
sumber daya strategis semakin menegaskan underscore an increasingly complex environment,
lingkungan yang kompleks, di mana megatren jangka where long-term megatrends are redefining the global
panjang membentuk tatanan ekonomi baru dan economic order and challenging businesses to adapt
menuntut dunia usaha untuk beradaptasi di tengah to a more uncertain but opportunity-rich future.
ketidakpastian yang tinggi namun penuh peluang.
In 2025, global GDP growth moderated to around
Pada tahun 2025, pertumbuhan PDB global 3.2%, slightly below the 3.3% recorded in 2024,
melambat menjadi sekitar 3,2%, sedikit lebih rendah reflecting resilient yet subdued expansion amid
dibandingkan 3,3% pada tahun 2024, mencerminkan persistent geopolitical tensions, trade frictions,
ekspansi yang tetap tangguh namun moderat di and tighter financial conditions. While overall
tengah ketegangan geopolitik yang berlanjut, activity remained supported by emerging markets,
friksi perdagangan, serta kondisi keuangan yang growth in advanced economies continued to
lebih ketat. Meskipun aktivitas ekonomi secara face structural headwinds, including elevated
keseluruhan masih didukung oleh negara-negara interest rates, fiscal consolidation pressures,
berkembang, pertumbuhan di negara maju terus and weak productivity gains (OECD).
menghadapi berbagai hambatan struktural, termasuk
suku bunga yang tinggi, tekanan konsolidasi fiskal, In Europe, for example, growth is projected to reach
serta lemahnya peningkatan produktivitas (OECD). around 1.3% in 2025, improving modestly from
approximately 0.7% in 2024 as energy pressures
Di Eropa, misalnya, pertumbuhan diproyeksikan ease and financial conditions gradually stabilize.
mencapai sekitar 1,3% pada tahun 2025, meningkat In contrast, the United States is expected to see
secara moderat dari sekitar 0,7% pada tahun 2024 growth moderate to about 1.8% from around 2.8%
seiring meredanya tekanan energi dan stabilisasi in 2024, reflecting resilient consumption alongside
kondisi keuangan secara bertahap. Sebaliknya, more cautious investment. Overall, advanced
Amerika Serikat diperkirakan mengalami moderasi economies are anticipated to experience steady
pertumbuhan menjadi sekitar 1,8% dari sekitar 2,8% but measured expansion amid ongoing policy
pada tahun 2024, mencerminkan konsumsi yang tetap normalization and structural adjustments (OECD).
tangguh di tengah investasi yang lebih berhati-hati.
Secara keseluruhan, negara-negara maju diperkirakan The Asia-Pacific region in 2025 reflects a diverse
mencatat ekspansi yang stabil namun terukur di balance of resilience and moderation. China
tengah proses normalisasi kebijakan dan penyesuaian maintained steady industrial activity supported
struktural yang masih berlangsung (OECD). by targeted stimulus measures and export
competitiveness, although weak property markets
Kawasan Asia-Pasifik pada tahun 2025 mencerminkan and subdued household confidence continued
keseimbangan yang beragam antara ketahanan dan to temper domestic demand. In India and several
moderasi pertumbuhan. Tiongkok mempertahankan Southeast Asian economies, robust infrastructure
aktivitas industri yang stabil didukung stimulus spending, expanding manufacturing bases, and
kebijakan yang terarah serta daya saing ekspor, rising digital adoption supported comparatively
meskipun lemahnya sektor properti dan kepercayaan stronger growth. Countries such as Indonesia and
rumah tangga yang belum pulih sepenuhnya masih Vietnam benefited from supply-chain diversification
membatasi permintaan domestik. Di India dan and sustained foreign investment, reinforcing their
beberapa negara Asia Tenggara, belanja infrastruktur roles as emerging production hubs. Across the
yang kuat, ekspansi basis manufaktur, serta adopsi region, governments prioritized energy transition,
digital yang meningkat mendukung pertumbuhan technological upgrading, and economic resilience,
yang relatif lebih tinggi. Negara-negara seperti while navigating global trade uncertainties.
Indonesia dan Vietnam memperoleh manfaat dari
diversifikasi rantai pasokan dan investasi asing
yang berkelanjutan, memperkuat peran mereka
sebagai pusat produksi baru. Di seluruh kawasan,
pemerintah memprioritaskan transisi energi,
peningkatan teknologi, dan ketahanan ekonomi sambil
menghadapi ketidakpastian perdagangan global.
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Secara keseluruhan, lanskap ekonomi global tahun Taken together, 2025’s global economic landscape
2025 mencerminkan pertumbuhan yang terukur di reflects measured growth amid structural
tengah transformasi struktural dan ketidakpastian yang transformation and persistent uncertainty.
berkelanjutan. Pemerintah dan pelaku usaha semakin Governments and businesses increasingly
menyadari bahwa dinamika perdagangan, percepatan acknowledge that shifting trade dynamics,
teknologi, transisi iklim, serta perubahan geopolitik technological acceleration, climate transition, and
memerlukan strategi jangka panjang yang pragmatis. evolving geopolitical relationships require pragmatic,
long-term strategies to sustain stability and resilience.
Seiring para pemangku kepentingan menavigasi
dinamika yang kompleks ini, prioritas semakin As stakeholders navigate these complex dynamics,
diarahkan pada kebijakan yang adaptif, investasi priorities have increasingly centered on adaptive
strategis di bidang infrastruktur, transisi energi, policy measures, strategic infrastructure investment,
serta percepatan teknologi digital di berbagai energy transition, and the acceleration of digital
industri. Upaya-upaya tersebut menjadi landasan technologies across industries. These efforts are
bagi fase baru perkembangan ekonomi global laying the groundwork for a new phase of global
yang menekankan ketahanan, produktivitas, economic development that places greater emphasis
dan keberlanjutan jangka panjang. on resilience, productivity, and long-term sustainability.
PERTUMBUHAN PDB GLOBAL [%]
GLOBAL GDP GROW TH [%]
5
Pertumbuhan Triwulan Pertumbuhan Tahunan
Quarterly Growth Annual Growth
4
3
2
1
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025
Sumber | Source: OECD Interim Economic Outlook, IMF WEO, World Bank
Global Economic Prospects (complied estimates)
Pada tahun 2025, inflasi global utama terus mereda In 2025, global headline inflation continued to ease
dari puncaknya pada periode 2022–2023 seiring from the peaks observed in 2022–2023 as energy
stabilisasi harga energi dan normalisasi rantai prices stabilized and supply chains normalized,
pasokan, meskipun volatilitas sesekali masih terjadi though periodic volatility persisted due to geopolitical
akibat ketegangan geopolitik dan penyesuaian tensions and production adjustments among major
produksi oleh eksportir energi utama. Dibandingkan energy exporters. Compared with 2024, inflation
tahun 2024, tekanan inflasi menjadi lebih terkendali pressures became more contained across many
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di banyak wilayah, didukung kebijakan moneter regions, supported by tighter monetary policy and
yang ketat dan permintaan yang melambat. moderating demand. Nevertheless, conflicts in
Namun, konflik di kawasan produsen energi dan key energy-producing areas and ongoing trade
gangguan perdagangan tetap memicu tekanan disruptions occasionally reignited price pressures,
harga, terutama pada bahan bakar dan transportasi, particularly in fuel and transportation costs,
sehingga menjaga ketidakpastian disinflasi global. complicating policy coordination and maintaining
uncertainty around the pace of disinflation in both
Inflasi inti, yang tidak memasukkan komponen advanced and emerging economies worldwide.
pangan dan energi yang bergejolak, menunjukkan
moderasi bertahap pada tahun 2025 dibandingkan Core inflation, excluding volatile food and energy
tingkat yang lebih persisten pada tahun 2024, components, showed gradual moderation in 2025
mencerminkan meredanya tekanan upah dan compared with the more persistent levels seen
melemahnya permintaan sektor jasa. Namun, in 2024, reflecting easing wage pressures and
pasar tenaga kerja yang masih ketat di beberapa softer service-sector demand. However, tight
negara maju tetap menjaga harga jasa relatif labor markets in several advanced economies
tinggi, menghambat kembalinya inflasi ke tingkat continued to sustain relatively elevated service
sebelum pandemi. Setiap percepatan upah atau prices, preventing a rapid return to pre-pandemic
gangguan pasokan tetap berpotensi mendorong inflation norms. Any renewed wage acceleration
inflasi naik dan memengaruhi kebijakan moneter. or supply constraints could still pose upside risks,
keeping central banks cautious and financial markets
Meskipun aktivitas ekonomi secara umum telah pulih sensitive to policy signals and inflation surprises.
dari gangguan pandemi, output global pada tahun
2025 masih berada di bawah proyeksi jangka panjang Although economic activity has largely recovered
sebelumnya, menandakan adanya kendala struktural from pandemic-era disruptions, global output in
yang semakin terlihat setelah 2024. Penuaan populasi, 2025 remains below earlier long-term projections,
pertumbuhan produktivitas yang lemah, tingginya highlighting enduring structural constraints
tingkat utang, serta transformasi digital yang tidak that became more visible after 2024. Aging
merata terus membatasi potensi pertumbuhan global. populations, weak productivity growth, high
debt levels, and uneven digital transformation
Sebagai respons, para pembuat kebijakan continue to limit potential output, contributing
semakin menekankan reformasi struktural untuk to a prolonged period of moderate growth
meningkatkan produktivitas, fleksibilitas pasar despite declining inflationary pressures.
tenaga kerja, dan investasi swasta. Dibandingkan
tahun 2024, perhatian kini lebih besar pada In response, policymakers increasingly emphasize
penguatan ketahanan energi, percepatan digitalisasi, structural reforms aimed at enhancing productivity,
serta transisi iklim melalui peningkatan belanja improving labor market flexibility, and stimulating
infrastruktur dan kebijakan industri. Investasi pada private investment. Compared with 2024, greater
teknologi hijau, rantai pasokan yang tangguh, attention is now directed toward strengthening
serta pengembangan sumber daya manusia energy security, accelerating digitalization, and
dipandang penting untuk menjaga pertumbuhan supporting climate transition initiatives through
jangka panjang dan stabilitas ekonomi global. expanded infrastructure spending and industrial
policies. Investments in green technologies, resilient
PEREKONOMIAN INDONESIA: MENJAGA supply chains, and human capital development
PERTUMBUHAN DAN STABILITAS DI are widely viewed as critical to sustaining long-
term growth and ensuring economic stability
TENGAH PERUBAHAN GLOBAL
in a more fragmented global environment.
Pada tahun 2025, perekonomian Indonesia tetap
menunjukkan ketahanan yang solid meskipun INDONESIA ECONOMY: SUSTAINING
pertumbuhan global melambat dan fragmentasi GROWTH AND STABILITY IN A
perdagangan meningkat, didukung oleh permintaan
CHANGING GLOBAL LANDSCAPE
domestik yang kuat, kondisi keuangan yang
stabil, serta pengelolaan makroekonomi yang In 2025, Indonesia’s economy maintained solid
prudensial (Laporan BI, 2025; IMF, 2025). resilience despite moderating global growth
and trade fragmentation, supported by strong
domestic demand, stable financial conditions,
and prudent macroeconomic management
(BI Economic Report, 2025; IMF, 2025).
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PDB Indonesia tumbuh sekitar 5,1% pada tahun Indonesia’s GDP expanded by around 5.1%
2025, didorong oleh konsumsi rumah tangga yang in 2025, driven by sustained household
kuat, investasi infrastruktur, serta pemulihan sektor consumption, infrastructure investment, and a
manufaktur. Total output mendekati Rp23.000 recovering manufacturing sector. Total output
triliun, sementara PDB per kapita meningkat approached Rp 23,000 trillion, while GDP per
menjadi sekitar USD 5.100, mencerminkan kenaikan capita rose to roughly USD 5,100, reflecting
pendapatan masyarakat (BPS Indonesia, 2026). steady income gains (BPS Indonesia, 2026).
PERTUMBUHAN PDB INDONESIA Y- O -Y [%]
INDONESIA GDP GROW TH Y- O -Y [%]
5,31
5,03 5,07 5,17 5,05 5,10
5,02 5,03
5
3,70
4
3
2
1
0
-1
-2 -2,07
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Sumber | Source: BPS
Inflasi tetap berada dalam kisaran target Bank Inflation remained within Bank Indonesia’s
Indonesia meskipun terdapat volatilitas harga target range despite global commodity volatility
komoditas global dan tekanan nilai tukar, didukung and exchange rate pressures, supported by
oleh koordinasi kebijakan moneter dan fiskal. Sektor coordinated monetary and fiscal policies. Services,
jasa, konstruksi, dan perdagangan terus menopang construction, and trade sectors continued to
pertumbuhan, sementara pemulihan pariwisata underpin growth, while tourism recovery further
semakin memperkuat aktivitas ekonomi domestik strengthened domestic economic activity (BI
(Laporan BI, 2025; BPS Indonesia, 2026). Economic Report, 2025; BPS Indonesia, 2026).
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PERBANDINGAN TINGK AT INFL ASI Y- O -Y INDONESIA [%], 2023 – 2025
INDONESIA Y- O -Y INFL ATION RATE COMPARISON [%], 2023 – 2025
y-o-y 2023 y-o-y 2024 y-o-y 2025
5,47
5,28
4,97
4,33
4,00
3,52
3,27
3,05 3,00 3,08
2,75 2,84 2,86
2,57 2,51 2,61
2,56
2,30 2,13 2,12 2,28 2,20 2,30
2,10 2,00 2,00 2,10
1,90 1,80 1,80 1,90 1,84
1,70 1,71 1,57
1,55
Jan Feb Mar Apr May Jun Jul Ags Sep Okt Nov Des
Sumber | Source: BPS
Ke depan, proyeksi jangka menengah menunjukkan Looking ahead, medium-term projections indicate
Indonesia berpotensi mempertahankan pertumbuhan Indonesia could sustain growth around 5% annually,
sekitar 5% per tahun, meskipun risiko eksternal although external risks such as global trade tensions
seperti ketegangan perdagangan global dan and financial tightening remain. Policymakers are
pengetatan keuangan masih membayangi. Pemerintah prioritizing structural reforms, including improving
memprioritaskan reformasi struktural, termasuk the investment climate, accelerating industrial
perbaikan iklim investasi, percepatan hilirisasi industri, downstream development, and enhancing human
serta peningkatan kualitas sumber daya manusia capital to boost productivity and support the
untuk mendorong produktivitas dan mendukung long-term goal of achieving high-income status
target menjadi negara berpendapatan tinggi pada by 2045 (OECD, 2025; Bappenas, 2025).
tahun 2045 (OECD, 2025; Bappenas, 2025).
Indonesia is also advancing its transition toward a
Indonesia juga mempercepat transisi menuju greener and more resilient economy by expanding
ekonomi yang lebih hijau dan tangguh melalui renewable energy capacity, strengthening digital
peningkatan kapasitas energi terbarukan, infrastructure, and promoting sustainable industries.
penguatan infrastruktur digital, serta pengembangan These initiatives are expected to create new growth
industri berkelanjutan. Inisiatif ini diharapkan engines while supporting climate commitments and
menciptakan sumber pertumbuhan baru sekaligus long-term competitiveness (World Bank, 2025).
mendukung komitmen iklim dan daya saing
jangka panjang (World Bank, 2025). TOWARDS A SUSTAINABLE BUSINESS
The year 2025 continues to unfold amid complex
MENUJU BISNIS BERKELANJUTAN
global dynamics—marked by geopolitical tensions,
Tahun 2025 terus berlangsung di tengah dinamika accelerating climate risks, and the transformative
global yang kompleks—ditandai oleh ketegangan impact of digital technologies. While prospects for
geopolitik, percepatan risiko perubahan iklim, serta growth remain encouraging, they are accompanied
dampak transformatif teknologi digital. Meskipun by heightened uncertainty and structural shifts.
prospek pertumbuhan tetap menjanjikan, hal tersebut Business leaders are therefore expected to balance
disertai ketidakpastian dan perubahan struktural opportunity with responsibility, advancing innovation
yang meningkat. Para pemimpin bisnis diharapkan while adhering to sustainability commitments and
menyeimbangkan peluang dengan tanggung jawab, emission reduction goals. The Bakrie Group actively
mendorong inovasi sambil mematuhi komitmen
keberlanjutan dan target pengurangan emisi.
Grup Bakrie secara aktif merespons tantangan
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ini, menyadari bahwa dekarbonisasi dan efisiensi responds to these evolving challenges, recognizing
sumber daya semakin menjadi faktor penting that decarbonization and resource efficiency are
bagi daya saing dan ketahanan jangka panjang increasingly essential to long-term competitiveness
dalam ekonomi global yang berubah cepat. and resilience in a rapidly changing global economy.
Sebagai salah satu pilar perekonomian Indonesia, As a pillar of Indonesia’s economic landscape, the
Grup Bakrie—khususnya PT Bakrie & Brothers Tbk— Bakrie Group—particularly PT Bakrie & Brothers
terus menjalankan perannya dalam membentuk masa Tbk—continues to embrace its role in shaping the
depan strategis bangsa. Berlandaskan nilai Trimatra nation’s strategic future. Guided by the enduring
Bakrie: “Keindonesiaan, Kebersamaan, Kemanfaatan,” values of Trimatra Bakrie: “Indonesian-ness,
Grup berupaya memberikan kontribusi nyata bagi Togetherness, Usefulness,” the Group strives
pembangunan nasional yang inklusif. Arah jangka to contribute meaningfully to inclusive national
panjangnya sejalan dengan visi Indonesia Emas development. Its long-term direction aligns with the
2045 yang menargetkan Indonesia menjadi negara Golden Indonesia 2045 vision, which aspires for
berpendapatan tinggi dan salah satu kekuatan Indonesia to achieve high-income status and become
ekonomi dunia. Untuk mendukung ambisi tersebut, one of the world’s major economies. To support
Grup menekankan inovasi, keberlanjutan, dan this ambition, the Group emphasizes innovation,
pembangunan infrastruktur sebagai pendorong sustainability, and infrastructure development as
utama pertumbuhan, sekaligus memanfaatkan bonus key drivers of growth, while leveraging Indonesia’s
demografi, transformasi industri, dan perkembangan demographic dividend, industrial transformation,
kapabilitas digital untuk menciptakan nilai jangka and expanding digital capabilities to create long-
panjang bagi pemangku kepentingan dan masyarakat. term value for stakeholders and society.
Dengan prinsip Lingkungan, Sosial, dan Tata Kelola With Environmental, Social, and Governance (ESG)
(Environmental, Social, and Governance/ESG) sebagai principles at its core, BNBR remains committed
landasan, BNBR tetap berkomitmen mengembangkan to developing a sustainable business model that
model bisnis berkelanjutan yang mendukung prioritas supports national development priorities and
pembangunan nasional serta Tujuan Pembangunan the United Nations’ Sustainable Development
Berkelanjutan Perserikatan Bangsa-Bangsa (SDGs). Goals (SDGs). In an era defined by climate
Di era yang ditandai oleh urgensi iklim dan tanggung urgency and environmental stewardship, the
jawab terhadap lingkungan, fokus strategis Perseroan Company’s strategic focus extends beyond short-
melampaui kinerja finansial jangka pendek menuju term financial performance toward responsible
pertumbuhan yang bertanggung jawab dan inklusif. and inclusive growth. Its initiatives reflect a
Inisiatif yang dijalankan mencerminkan komitmen strong commitment to strengthening operational
kuat untuk memperkuat ketahanan operasional, resilience, advancing low-carbon solutions,
mengembangkan solusi rendah karbon, serta and generating long-term value that benefits
menciptakan nilai jangka panjang bagi perekonomian both the economy and society while preserving
dan masyarakat dengan tetap menjaga keberlanjutan environmental sustainability for future generations.
lingkungan bagi generasi mendatang.
In response to this challenge, the Group continues
Sebagai respons terhadap tantangan tersebut, Grup to expand into sectors aligned with Indonesia’s
terus memperluas ekspansi ke sektor yang sejalan decarbonization agenda and the Net Zero Emission
dengan agenda dekarbonisasi Indonesia dan target target by 2060. A key initiative is PT VKTR Teknologi
Net Zero Emission 2060. Salah satu inisiatif utama Mobilitas Tbk (VKTR), which has progressed from initial
adalah PT VKTR Teknologi Mobilitas Tbk (VKTR), launch to operational deployment, achieving domestic
yang telah berkembang dari tahap peluncuran content levels exceeding 40% and expanding sales of
menuju implementasi operasional, mencapai electric buses and commercial vehicles across multiple
tingkat kandungan dalam negeri di atas 40% serta regions. Supported by the manufacturing capabilities
memperluas penjualan bus dan kendaraan niaga of PT Bakrie Autoparts, VKTR aims to strengthen
listrik di berbagai wilayah. Didukung kapabilitas Indonesia’s electric mobility ecosystem while reducing
manufaktur PT Bakrie Autoparts, VKTR bertujuan transport-related emissions. This development
memperkuat ekosistem mobilitas listrik nasional reflects BNBR’s commitment to sustainable
sekaligus mengurangi emisi sektor transportasi. transportation and the localization of green
Perkembangan ini mencerminkan komitmen BNBR technology industries within the national economy.
terhadap transportasi berkelanjutan dan lokalisasi
industri teknologi hijau dalam perekonomian nasional.
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Bakrie Power terus memajukan pengembangan Bakrie Power continues to advance renewable
energi terbarukan melalui PT Helio Synar Energi energy development through PT Helio Synar
(Helio), termasuk pembangunan pembangkit listrik Energi (Helio), including the construction of
tenaga surya serta partisipasi dalam ekosistem solar power installations and participation in the
infrastruktur pengisian kendaraan listrik yang emerging electric vehicle charging infrastructure
sedang berkembang. Inisiatif ini mendukung ecosystem. These initiatives support Indonesia’s
transisi Indonesia menuju energi yang lebih bersih transition toward cleaner energy while creating
sekaligus membuka peluang pertumbuhan bisnis new avenues for sustainable business growth. In
berkelanjutan. Secara paralel, segmen bahan parallel, the building materials segment is promoting
bangunan mendorong solusi ramah lingkungan environmentally responsible solutions through PT
melalui PT Modula Sustainability Indonesia (Modula), Modula Sustainability Indonesia (Modula), which
yang mengembangkan hunian cetak 3D berbiaya develops cost-effective 3D-printed housing designed
efisien untuk mengatasi backlog perumahan nasional. to address the nation’s housing backlog. Together,
Upaya-upaya ini menunjukkan pendekatan terintegrasi these efforts demonstrate the Group’s integrated
Grup dalam keberlanjutan melalui kombinasi transisi approach to sustainability, combining energy
energi, inovasi teknologi, dan dampak sosial. transition, technological innovation, and social impact.
BISNIS YANG MENDORONG BUSINESSES THAT FUELS
PEMBANGUNAN INDONESIA INDONESIA’S DEVELOPMENT
Sebagai konglomerasi nasional terkemuka, PT Bakrie As a leading national conglomerate, PT Bakrie
& Brothers Tbk (BNBR) terus berevolusi dengan & Brothers Tbk (BNBR) continues to evolve with
komitmen kuat untuk mendukung pembangunan a strong commitment to supporting Indonesia’s
jangka panjang Indonesia. Didirikan pada tahun long-term development. Founded in 1942 as an
1942 sebagai perusahaan perdagangan hasil agricultural trading company, the Group gradually
pertanian, Grup secara bertahap berekspansi ke expanded into industrial sectors under the vision
sektor industri di bawah visi almarhum Achmad of the late Achmad Bakrie to contribute to nation-
Bakrie untuk berkontribusi pada pembangunan building through industrialization. This vision
bangsa melalui industrialisasi. Visi tersebut terwujud materialized in 1959 with the establishment of PT
pada tahun 1959 dengan pendirian PT Bakrie Bakrie Pipe Industries, marking BNBR’s entry into
Pipe Industries, yang menandai masuknya BNBR steel manufacturing. Over subsequent decades,
ke industri manufaktur baja. Selama beberapa BNBR diversified into construction, metalworks,
dekade berikutnya, BNBR melakukan diversifikasi building materials, infrastructure, and automotive
ke konstruksi, pengerjaan logam, bahan bangunan, components, establishing itself as a key contributor
infrastruktur, serta komponen otomotif, sehingga to Indonesia’s industrial and economic growth.
memperkokoh posisinya sebagai kontributor utama
pertumbuhan industri dan ekonomi Indonesia. In recent years, the Group has accelerated its
transformation toward infrastructure, sustainability,
Dalam beberapa tahun terakhir, Grup mempercepat and future-oriented industries. A significant milestone
transformasinya menuju sektor infrastruktur, was the strategic acquisition of the Cimanggis–
keberlanjutan, dan industri masa depan. Tonggak Cibitung toll road (CCT), strengthening BNBR’s
penting dicapai melalui akuisisi strategis jalan tol infrastructure platform while supporting national
Cimanggis–Cibitung (CCT), yang memperkuat connectivity and logistics efficiency. This asset
platform infrastruktur BNBR sekaligus mendukung provides stable, long-term revenue streams and
konektivitas nasional dan efisiensi logistik. Aset ini reinforces the Group’s role in Indonesia’s infrastructure
menyediakan sumber pendapatan jangka panjang development agenda. At the same time, BNBR
yang stabil serta mempertegas peran Grup dalam continues to advance initiatives aligned with the
agenda pembangunan infrastruktur Indonesia. Pada Net Zero Emissions (NZE) 2060 target, including the
saat yang sama, BNBR terus mengembangkan inisiatif development of electric mobility through PT VKTR
yang sejalan dengan target Net Zero Emissions Teknologi Mobilitas Tbk, supported by domestic
(NZE) 2060, termasuk pengembangan mobilitas manufacturing capabilities and localization efforts.
listrik melalui PT VKTR Teknologi Mobilitas Tbk,
yang didukung kapabilitas manufaktur domestik
dan upaya peningkatan kandungan lokal.
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BNBR juga memperluas bisnis ke bidang digital BNBR is also expanding into digital and smart
dan smart manufacturing guna mempertahankan manufacturing businesses to remain competitive in an
daya saing dalam lanskap yang semakin berbasis increasingly technology-driven landscape. Through
teknologi. Melalui modernisasi anak usaha manufaktur modernization of its manufacturing subsidiaries and
serta adopsi teknologi maju, Grup berupaya adoption of advanced technologies, the Group aims
meningkatkan efisiensi operasional, kualitas produk, to enhance operational efficiency, product quality,
dan kinerja keberlanjutan. Inisiatif transformasi and sustainability performance. Digital transformation
digital—mulai dari otomatisasi dan pengambilan initiatives—ranging from automation and data-driven
keputusan berbasis data hingga layanan digital decision-making to infrastructure-related digital
terkait infrastruktur—diintegrasikan di seluruh unit services—are being integrated across business units.
usaha. Upaya ini melengkapi partisipasi BNBR dalam These efforts complement BNBR’s participation
berbagai proyek infrastruktur publik maupun swasta, in both public and private infrastructure projects,
memastikan kapabilitas industrinya tetap relevan ensuring that its industrial capabilities remain relevant
dalam mendukung transformasi ekonomi Indonesia. in supporting Indonesia’s economic transformation.
Ke depan, BNBR berkomitmen memperkuat Looking ahead, BNBR is committed to strengthening
portofolionya melalui investasi strategis, integrasi its portfolio through strategic investments, technology
teknologi, serta pengembangan sumber daya integration, and human capital development. The
manusia. Perseroan berupaya memposisikan diri Company seeks to position itself as a forward-
sebagai platform industri yang berorientasi masa looking infrastructure and industrial platform that
depan dan berkontribusi pada pertumbuhan contributes to sustainable growth in line with the
berkelanjutan sejalan dengan visi Indonesia Emas Golden Indonesia 2045 vision. With a solid industrial
2045. Dengan warisan industri yang kuat, aset heritage, expanding infrastructure assets, and a
infrastruktur yang terus berkembang, serta fokus pada focus on innovation-driven solutions, BNBR aims to
solusi berbasis inovasi, BNBR menargetkan peran play a pivotal role in advancing national progress
penting dalam mendorong kemajuan nasional melalui through resilient infrastructure development, clean
pembangunan infrastruktur yang tangguh, teknologi technologies, and smart manufacturing excellence.
bersih, dan keunggulan manufaktur cerdas.
BNBR FOUNDATION TOWARDS
FONDASI BNBR MENUJU BISNIS SUSTAINABLE BUSINESS –
BERKELANJUTAN – KINERJA KEUANGAN FINANCIAL PERFORMANCE
Pada tahun 2025, ketidakpastian global masih In 2025, global uncertainty continued to pressure
menekan aktivitas ekonomi, namun Indonesia economic activity, yet Indonesia remained relatively
tetap menunjukkan ketahanan yang relatif kuat resilient, sustaining growth momentum and
dengan mempertahankan momentum pertumbuhan strengthening confidence through stable inflation,
dan meningkatkan kepercayaan melalui inflasi steady demand, and sound macroeconomic policy
yang stabil, permintaan domestik yang terjaga, management, despite external headwinds.
serta pengelolaan kebijakan makroekonomi
yang prudent di tengah tekanan eksternal. At the end of the 2025 financial year, the Company
recorded net revenues of Rp 3.74 trillion, compared
Pada akhir tahun buku 2025, Perseroan membukukan with Rp 3.87 trillion in 2024. Manufacturing and
pendapatan bersih sebesar Rp3,74 triliun, infrastructure-related activities remained the largest
dibandingkan Rp3,87 triliun pada tahun 2024. contributor, supported by delivery and customer
Aktivitas manufaktur dan infrastruktur tetap menjadi demand across products and services. However,
kontributor terbesar, didukung oleh pengiriman decrease in revenue from customers related to oil
produk dan permintaan pelanggan di berbagai lini & gas as well as automotive sector has impacted
usaha. Namun penurunan pendapatan dari pelanggan the Company’s achieved revenues. In parallel, the
di sektor terkait minyak dan gas serta otomotif Trade, Services and Investment segment continued
berdampak terhadap pencapaian pendapatan to expand its role, driven by improving execution
Perseroan. Sementara itu, segmen Perdagangan, and commercial reach. This momentum was also
Jasa, dan Investasi terus memperluas perannya helped by higher activity in VKTR’s electric mobility
melalui peningkatan pelaksanaan operasional dan business, including sales and deployment of electric
jangkauan komersial. Momentum ini juga didukung
oleh meningkatnya aktivitas bisnis mobilitas listrik
VKTR, termasuk penjualan dan implementasi
bus listrik serta kendaraan listrik lainnya. Secara
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keseluruhan, BNBR terus menyeimbangkan volatilitas buses and other electric vehicles. Overall, BNBR
pasar jangka pendek dengan fokus komersial continued to balance near-term market volatility with
yang disiplin guna menjaga pendapatan sekaligus disciplined commercial focus to protect revenues
mempersiapkan fase pertumbuhan berikutnya. while preparing for the next phase of growth.
Upaya Perseroan yang berkelanjutan dalam The Company’s continued efforts to sharpen its
mempertajam bisnis—melalui program efisiensi dan business—through efficiency programs and
investasi selektif yang memperkuat fondasi jangka selective investments that strengthen BNBR’s
panjang BNBR—tetap terlihat sepanjang tahun long-term platform—remained evident in 2025.
2025. Laba usaha tercatat sebesar Rp116,86 miliar, Operating profit was recorded at Rp 116.86 billion,
dibandingkan Rp282,87 miliar pada tahun 2024, compared with Rp 282.87 billion in 2024, reflecting
mencerminkan tekanan margin dan peningkatan biaya tighter margins and higher operating costs.
operasional. Namun demikian, laba bersih meningkat Nevertheless, net profit increase to
menjadi Rp502,74miliar pada tahun 2025 dibandingkan Rp 502.74 billion in 2025 compared Rp 336.05
pada tahun 2024 yaitu sebesar Rp336,05 miliar, billion in 2024, supported mainly by non-recurring
terutama didukung oleh keuntungan non-rutin dari gains related to strategic transactions, including
transaksi strategis, termasuk keuntungan pembelian gains on bargain purchase and remeasurement of
dengan diskon dan pengukuran kembali ekuitas, equity, and disciplined funding structure execution.
serta pelaksanaan struktur pendanaan yang disiplin.
Meanwhile, on the balance sheet, the Company
Pada sisi neraca, Perseroan mencatat peningkatan recorded an increase in current assets in 2025 to
aset lancar pada tahun 2025 menjadi Rp4,42 triliun Rp 4.41 trillion from Rp 3.63 trillion in 2024. This
dari Rp3,63 triliun pada tahun 2024. Kenaikan expansion was mainly driven by restricted cash in
ini terutama didorong oleh kas yang dibatasi banks, which rose to Rp 700.61 billion, alongside
penggunaannya di bank sebesar Rp700,61 miliar cash and cash equivalents of Rp 236.65 billion. Non-
serta kas dan setara kas sebesar Rp236,65 miliar. current assets increased sharply to Rp 19.15 trillion in
Aset tidak lancar meningkat signifikan menjadi 2025 from Rp 3.20 trillion in 2024, primarily reflecting
Rp19,15 triliun pada tahun 2025 dari Rp3,20 triliun consolidation of the Cimanggis–Cibitung toll road
pada tahun 2024, terutama akibat konsolidasi through the recognition of toll road concession rights
jalan tol Cimanggis–Cibitung melalui pengakuan of Rp 14.998 trillion. Other non-current assets also
hak konsesi jalan tol sebesar Rp14,998 triliun. rose in line with supporting investment advances
Aset tidak lancar lainnya juga meningkat sejalan and long-term project requirements. As of year-
dengan uang muka investasi dan kebutuhan proyek end 2025, total assets reached Rp 23.57 trillion,
jangka panjang. Pada akhir tahun 2025, total aset a marked increase from Rp 6.83 trillion in 2024.
mencapai Rp23,57 triliun, meningkat signifikan
dibandingkan Rp6,83 triliun pada tahun 2024. On the liabilities side, total liabilities rose to
Rp 18.90 trillion in 2025 from Rp 2.92 trillion in
Pada sisi liabilitas, total kewajiban meningkat menjadi 2024, mainly reflecting structured financing to
Rp18,90 triliun pada tahun 2025 dari Rp2,92 triliun support the CCT acquisition and consolidation,
pada tahun 2024, terutama mencerminkan pendanaan and related long-term investments.
terstruktur untuk mendukung akuisisi dan konsolidasi
CCT serta investasi jangka panjang terkait. The Company has continued to strengthen its
capital structure, and during the 2016–2024 period
Perseroan terus memperkuat struktur permodalannya, successfully restructured debt amounting to
dan selama periode 2016–2024 berhasil melakukan Rp 25.66 trillion, including via Non-Preemptive
restrukturisasi utang sebesar Rp25,66 triliun, termasuk Rights (NPR) capital increases and Mandatory
melalui mekanisme Penambahan Modal Tanpa Hak Convertible Bonds (MCB) conversions into Company
Memesan Efek Terlebih Dahulu (PMTHMETD) dan shares. This restructuring program was completed
konversi Mandatory Convertible Bonds (MCB) menjadi by the end of 2024, reducing financial pressure
saham Perseroan. Program restrukturisasi ini diselesaikan and improving balance-sheet flexibility. In 2025,
pada akhir tahun 2024, sehingga mengurangi tekanan that stronger base enabled BNBR to pursue
keuangan dan meningkatkan fleksibilitas neraca. strategic portfolio expansion with disciplined
Pada tahun 2025, fondasi yang lebih kuat tersebut funding decisions, while maintaining prudent
memungkinkan BNBR untuk melakukan ekspansi oversight on leverage and liquidity management.
portofolio strategis dengan keputusan pendanaan
yang disiplin, sekaligus menjaga pengawasan
yang prudent terhadap leverage dan likuiditas.
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Pada sisi ekuitas, manfaat dari quasi reorganisasi And on the equity side, the benefits of the quasi
yang efektif pada 22 Agustus 2024 masih terasa reorganization effective August 22, 2024 continued
pada tahun 2025. Setelah defisit akumulasi to be felt in 2025. With the accumulated deficit of
sebesar Rp19,53 triliun dieliminasi, total ekuitas Rp 19.53 trillion eliminated, total equity increased to
meningkat menjadi Rp4,67 triliun pada akhir 2025 Rp 4.67 trillion at end-2025 from Rp 3.91 trillion
dari Rp3,91 triliun pada tahun 2024, dengan laba in 2024, alongside retained earnings
ditahan meningkat menjadi Rp821,44 miliar. rising to Rp 821.44 billion.
FONDASI BNBR MENUJU BISNIS BNBR INDUSTRY PERFORMANCE
BERKELANJUTAN - KINERJA DRIVING SUSTAINABLE VALUE CREATION
INDUSTRI DASAR BNBR In 2025, Indonesia’s economic growth remained
Pada tahun 2025, pertumbuhan ekonomi Indonesia supported by resilient domestic demand despite
tetap didukung oleh kuatnya permintaan domestik moderating global commodity prices, a trend
meskipun harga komoditas global mengalami that continued to benefit sectors where BNBR’s
moderasi, sebuah tren yang terus memberikan subsidiaries operate. The Company maintains its
manfaat bagi sektor-sektor tempat anak perusahaan conviction that basic industries will remain central
BNBR beroperasi. Perseroan tetap meyakini to national development. During the year, PT Bakrie
bahwa industri dasar akan terus memainkan peran Metal Industries (BMI), the Group’s subsidiary engaged
penting dalam mendorong pembangunan nasional. in steel fabrication and pipe manufacturing, recorded
Sepanjang tahun tersebut, PT Bakrie Metal Industries revenues of Rp 2.19 trillion, representing 59% of
(BMI), anak usaha Grup yang bergerak di bidang BNBR’s total revenues. The largest contribution
fabrikasi baja dan manufaktur pipa, membukukan came from PT Bakrie Pipe Industries (BPI), which
pendapatan sebesar Rp 2,19 triliun atau setara generated Rp 1.8 trillion in revenue in 2025,
dengan 59% dari total pendapatan BNBR. Kontribusi reflecting softer demand conditions compared
terbesar berasal dari PT Bakrie Pipe Industries to the strong performance recorded in 2024.
(BPI), yang mencatat pendapatan sebesar Rp 1,8
triliun pada tahun 2025, mencerminkan kondisi The oil and gas industry—one of BMI’s principal
permintaan yang lebih lemah dibandingkan dengan markets—remained highly volatile in 2025 amid
kinerja kuat yang dicapai pada tahun 2024. oversupply, shifting demand patterns, and geopolitical
uncertainties. World Bank recorded crude oil
Industri minyak dan gas—salah satu pasar utama prices averaged around US$67.4 per barrel during
BMI—tetap sangat bergejolak sepanjang tahun 2025 the year, declining from higher levels in 2024 as
di tengah kondisi kelebihan pasokan, perubahan global production growth outpaced consumption.
pola permintaan, serta ketidakpastian geopolitik. Prices fluctuated significantly, rising above US$80
World Bank mencatat harga minyak mentah rata-rata per barrel early in the year before falling to nearly
berada di kisaran AS$67,4 per barel selama tahun US$60 by year-end, reflecting increased output
tersebut, menurun dibandingkan tingkat yang lebih from both OPEC+ and non-OPEC producers as
tinggi pada tahun 2024 seiring pertumbuhan produksi well as slower demand growth in major economies.
global yang melampaui konsumsi. Harga berfluktuasi These conditions dampened upstream investment
signifikan, sempat naik di atas AS$80 per barel and pipeline demand, contributing to lower
pada awal tahun sebelum turun hingga mendekati sales tonnage of oil and gas steel pipe products.
AS$60 pada akhir tahun, mencerminkan peningkatan Meanwhile, infrastructure-related demand remained
produksi dari negara OPEC+ maupun non-OPEC serta comparatively resilient, supporting baseline utilization
melambatnya pertumbuhan permintaan di negara- despite slower project mobilization. BMI continues
negara ekonomi utama. Kondisi ini menekan investasi to serve major national energy and infrastructure
hulu dan permintaan pipa, sehingga berdampak clients, including Pertamina and PT PLN (Persero).
pada penurunan volume penjualan pipa baja sektor
minyak dan gas. Sementara itu, permintaan terkait
proyek infrastruktur relatif lebih tangguh, sehingga
tetap menjaga tingkat utilisasi dasar meskipun
mobilisasi proyek berjalan lebih lambat. BMI tetap
melayani klien utama sektor energi dan infrastruktur
nasional, termasuk Pertamina dan PT PLN (Persero).
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Perseroan mengantisipasi kinerja BMI akan tetap The Company anticipates that BMI’s performance
positif seiring dengan pemulihan perekonomian will remain positive in line with Indonesia’s economic
Indonesia dan keyakinan berlanjutnya proyek recovery and confidence in the continuation of
infrastruktur di tahun-tahun mendatang. infrastructure projects in the coming years.
Ke depan, Perseroan memperkirakan kinerja BMI Looking ahead, the Company expects BMI’s
akan tetap stabil, didukung oleh keberlanjutan performance to remain stable, supported by
agenda pembangunan infrastruktur di Indonesia Indonesia’s continued infrastructure development
serta pemulihan bertahap aktivitas industri. Prioritas agenda and gradual recovery in industrial
pemerintah dalam ketahanan energi, hilirisasi, dan activity. Government priorities in energy security,
proyek konektivitas diperkirakan akan menjaga downstream processing, and connectivity projects
permintaan jangka panjang terhadap produk baja are anticipated to sustain long-term demand for
dan jasa fabrikasi. Pada saat yang sama, BMI steel products and fabrication services. At the
terus meningkatkan efisiensi operasional serta same time, BMI continues to enhance operational
mendiversifikasi basis pelanggannya guna mengurangi efficiency and diversify its customer base to
ketergantungan pada sektor yang bersifat siklikal. reduce exposure to cyclical sectors. With a strong
Dengan rekam jejak yang kuat dan hubungan yang track record and established relationships with
telah terjalin dengan klien-klien strategis, Perseroan strategic clients, the Company believes BMI is
meyakini BMI berada pada posisi yang baik untuk well positioned to capture emerging opportunities
menangkap peluang yang muncul seiring membaiknya as economic conditions improve and investment
kondisi ekonomi dan meningkatnya kembali aktivitas activity regains momentum in the coming years.
investasi dalam beberapa tahun mendatang.
In 2025, PT VKTR Teknologi Mobilitas Tbk (VKTR)
Pada tahun 2025, PT VKTR Teknologi Mobilitas and its subsidiaries delivered a stronger overall
Tbk (VKTR) beserta anak perusahaannya mencatat performance, reflecting expanding activities in
kinerja yang lebih kuat secara keseluruhan, electric mobility alongside resilient contributions
mencerminkan ekspansi aktivitas di bidang from its automotive component business. VKTR
mobilitas listrik seiring dengan kontribusi yang recorded consolidated revenue of approximately
tetap solid dari bisnis komponen otomotif. VKTR Rp 1.1 trillion, representing about 29% of BNBR’s total
membukukan pendapatan konsolidasian sekitar revenue. The VKTR parent entity showed notable
Rp 1,1 triliun atau sekitar 29% dari total pendapatan progress, generating Rp 236 billion in revenue—an
BNBR. Entitas induk VKTR menunjukkan kemajuan increase of around 56% compared to Rp 151 billion
yang signifikan dengan mencatat pendapatan in 2024—driven by broader project execution
sebesar Rp 236 miliar—meningkat sekitar 56% and growing adoption of electric transportation
dibandingkan Rp 151 miliar pada tahun 2024—yang solutions. Meanwhile, PT Bakrie Autoparts (BA),
didorong oleh perluasan pelaksanaan proyek serta VKTR’s subsidiary specializing in automotive
meningkatnya adopsi solusi transportasi listrik. components manufacturing, recorded revenue of
Sementara itu, PT Bakrie Autoparts (BA), anak Rp 852 billion, slightly lower than Rp 878 billion in
usaha VKTR yang bergerak di bidang manufaktur 2024, primarily due to softer demand from key clients
komponen otomotif, mencatat pendapatan sebesar Mitsubishi and Hino amid declining truck sales.
Rp 852 miliar, sedikit lebih rendah dibandingkan
Rp 878 miliar pada tahun 2024, terutama akibat In 2025, VKTR’s performance continued to be
melemahnya permintaan dari klien utama Mitsubishi closely linked to developments in the automotive
dan Hino di tengah penurunan penjualan truk. and commodity sectors, as the majority of its
automotive component products are utilized in
Pada tahun 2025, kinerja VKTR tetap sangat commercial vehicles. Despite Indonesia’s overall
dipengaruhi oleh perkembangan sektor otomotif economic resilience, weakening consumer purchasing
dan komoditas, mengingat sebagian besar produk power and tighter financing conditions weighed
komponen otomotifnya digunakan pada kendaraan on vehicle demand. National car sales declined to
komersial. Meskipun perekonomian Indonesia around 833,000 units in 2025 from approximately
secara umum tetap tangguh, melemahnya daya beli 889,000 units in 2024, reflecting softer household
masyarakat serta kondisi pembiayaan yang lebih ketat spending and delayed purchases. Passenger
menekan permintaan kendaraan. Penjualan mobil vehicles remained dominant, while commercial
nasional turun menjadi sekitar 833.000 unit pada and heavy-duty vehicles accounted for roughly
tahun 2025 dari sekitar 889.000 unit pada tahun 2024, 190,000–200,000 units, supported mainly by
mencerminkan melambatnya belanja rumah tangga logistics, mining, and infrastructure activities. This
dan penundaan pembelian. Kendaraan penumpang moderation in automotive demand directly influenced
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masih mendominasi, sementara kendaraan komersial VKTR’s component business performance during
dan heavy-duty menyumbang sekitar 190.000– the year (GAIKINDO, 2025; Antara News, 2025).
200.000 unit, terutama didorong oleh aktivitas
logistik, pertambangan, dan infrastruktur. Moderasi Moreover, commodity prices in 2025 displayed
permintaan otomotif ini secara langsung memengaruhi divergent trends compared to 2024 amid evolving
kinerja bisnis komponen VKTR sepanjang tahun global supply-demand dynamics. Thermal coal prices
tersebut (GAIKINDO, 2025; Antara News, 2025). declined further as increased production and softer
import demand from major consumers—particularly
Selain itu, harga komoditas pada tahun 2025 China and Europe—put downward pressure on
menunjukkan tren yang beragam dibandingkan the market, with benchmark Australian coal prices
tahun 2024 seiring perubahan dinamika permintaan averaging around US$120–130 per metric ton in 2025
dan pasokan global. Harga batu bara termal kembali versus about US$136 per metric ton in 2024 (World
menurun akibat peningkatan produksi dan melemahnya Bank, 2025; IEA, 2025). In contrast, crude palm oil
permintaan impor dari konsumen utama—khususnya (CPO) prices remained relatively firm, supported by
Tiongkok dan Eropa—dengan harga acuan batu bara constrained supply and resilient demand for vegetable
Australia rata-rata sekitar AS$120–130 per metrik ton oils, trading broadly in the range of US$900–1,000
pada tahun 2025 dibandingkan sekitar AS$136 per per metric ton, slightly higher than the average of
metrik ton pada tahun 2024 (World Bank, 2025; IEA, around US$963 per metric ton recorded in 2024.
2025). Sebaliknya, harga minyak kelapa sawit mentah These mixed movements highlight the continued
(CPO) tetap relatif kuat, didukung oleh keterbatasan volatility of commodity markets and their sensitivity to
pasokan dan permintaan minyak nabati yang masih global economic conditions and supply disruptions.
solid, diperdagangkan pada kisaran AS$900–1.000
per metrik ton, sedikit lebih tinggi dibandingkan rata- The challenges encountered by VKTR in 2025
rata sekitar AS$963 per metrik ton pada tahun 2024. underscore the importance of ongoing innovation to
Pergerakan yang beragam ini menegaskan tingginya maintain growth momentum and capture emerging
volatilitas pasar komoditas serta sensitivitasnya terhadap opportunities. Strategic priorities include expanding
kondisi ekonomi global dan gangguan pasokan. the product portfolio toward more advanced,
higher value-added offerings while emphasizing
Tantangan yang dihadapi VKTR pada tahun 2025 automotive components with stronger margins.
menegaskan pentingnya inovasi berkelanjutan untuk Concurrently, VKTR’s electric mobility business is
mempertahankan momentum pertumbuhan dan positioned to benefit from the accelerating transition
menangkap peluang yang muncul. Prioritas strategis toward low-emission transportation. Developing a
mencakup perluasan portofolio produk menuju comprehensive EV ecosystem—spanning vehicles,
penawaran yang lebih maju dan bernilai tambah charging infrastructure, and supporting services—
tinggi, dengan penekanan pada komponen otomotif will be crucial to driving broader adoption and
yang memiliki margin lebih kuat. Secara bersamaan, reinforcing long-term environmental sustainability.
bisnis mobilitas listrik VKTR berada pada posisi
yang tepat untuk memanfaatkan percepatan transisi Furthermore, the Indonesian Government’s strong
menuju transportasi rendah emisi. Pengembangan commitment to decarbonization, downstream
ekosistem kendaraan listrik (EV) yang komprehensif— industrialization, and energy transition continues
meliputi kendaraan, infrastruktur pengisian daya, to reinforce these initiatives. In recent years,
dan layanan pendukung—akan menjadi kunci dalam Indonesia has accelerated programs to expand
mendorong adopsi yang lebih luas serta memperkuat renewable energy capacity, develop electric
keberlanjutan lingkungan jangka panjang. vehicle ecosystems, and promote domestic value-
added processing of natural resources as part
Selain itu, komitmen kuat Pemerintah Indonesia of its Net Zero Emission roadmap. Key policies
terhadap dekarbonisasi, hilirisasi industri, dan include incentives for battery manufacturing, EV
transisi energi terus memperkuat berbagai inisiatif adoption, and green infrastructure investment to
tersebut. Dalam beberapa tahun terakhir, Indonesia strengthen energy security while reducing carbon
telah mempercepat program untuk meningkatkan intensity. These measures underscore Indonesia’s
kapasitas energi terbarukan, mengembangkan broader strategy to transform its economic structure
ekosistem kendaraan listrik, serta mendorong toward sustainable growth, aligning industrial
pengolahan sumber daya alam bernilai tambah di development with long-term environmental
dalam negeri sebagai bagian dari peta jalan Net objectives and global climate commitments.
Zero Emission. Kebijakan utama mencakup insentif
bagi industri baterai, adopsi kendaraan listrik, serta
investasi infrastruktur hijau guna memperkuat
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ketahanan energi sekaligus menurunkan intensitas Beyond the manufacturing sector, BNBR continues
karbon. Langkah-langkah ini mencerminkan to advance strategic infrastructure initiatives through
strategi Indonesia untuk mentransformasi struktur PT Bakrie Indo Infrastructure (BIIN). During 2025,
ekonomi menuju pertumbuhan berkelanjutan the Company completed the acquisition of 100%
yang selaras dengan komitmen iklim global. ownership in PT Cimanggis Cibitung Tollways (CCT),
the concession holder of the 26.4 km Cimanggis–
Di luar sektor manufaktur, BNBR terus memajukan Cibitung toll road in West Java. This milestone
inisiatif infrastruktur strategis melalui PT Bakrie Indo strengthens BNBR’s position in national connectivity
Infrastructure (BIIN). Pada tahun 2025, Perseroan development and provides a stable, long-term
menyelesaikan akuisisi 100% kepemilikan PT asset-backed revenue stream, considering CCT’s
Cimanggis Cibitung Tollways (CCT), pemegang enormous potential with its strategic location which
konsesi jalan tol Cimanggis–Cibitung sepanjang 26,4 passes through various densely populated residential
km di Jawa Barat. Pencapaian ini memperkuat posisi areas, as well as the development plan of Jakarta-
BNBR dalam pengembangan konektivitas nasional Cikampek toll road network which will intersect CCT,
serta menyediakan sumber pendapatan jangka thus giving potential of increased traffic in CCT.
panjang yang stabil dan berbasis aset, mengingat
potensi CCT yang sangat besar dengan lokasi In addition, BIIN remains involved in energy
strategisnya yang melewati berbagai pemukiman infrastructure projects, including the Kalija gas pipeline
padat, serta rencana pengembangan jaringan jalan tol development along the northern corridor of Java
Jakarta-Cikampek yang akan melintasi CCT sehingga and into Kalimantan, supporting energy distribution
berpotensi menambah peningkatan lalu lintas CCT. and industrial expansion across key regions.
Selain itu, BIIN tetap terlibat dalam proyek BNBR also contributes to infrastructure development
infrastruktur energi, termasuk pengembangan by leveraging digital technologies and supporting
pipa gas Kalija di koridor utara Jawa hingga initiatives to strengthen Indonesia’s digital connectivity
Kalimantan, guna mendukung distribusi energi dan through its subsidiary, PT Multi Kontrol Nusantara
ekspansi industri di berbagai wilayah strategis. (MKN). In 2025, MKN recorded revenue growth of
approximately 14.7%, increasing to Rp 358 billion
BNBR juga berkontribusi dalam pembangunan from Rp 312 billion in 2024. This improvement reflects
infrastruktur dengan memanfaatkan teknologi digital expanding demand for digital control systems,
serta mendukung peningkatan konektivitas nasional network infrastructure, and integrated technology
melalui anak usaha PT Multi Kontrol Nusantara (MKN). solutions across industrial and infrastructure
Pada tahun 2025, MKN mencatat pertumbuhan projects. The positive performance highlights
pendapatan sekitar 14,7%, meningkat menjadi MKN’s role in supporting digital transformation and
Rp 358 miliar dari Rp 312 miliar pada tahun 2024. smart infrastructure development, positioning the
Kinerja ini didorong oleh meningkatnya permintaan Company to capture opportunities arising from
atas sistem kontrol digital, infrastruktur jaringan, Indonesia’s rapidly growing digital economy.
serta solusi teknologi terintegrasi pada berbagai
proyek industri dan infrastruktur. Peningkatan Through its participation in strategic national initiatives
tersebut menegaskan peran MKN dalam mendukung focused on infrastructure, industrial development,
transformasi digital dan pembangunan infrastruktur and technological advancement, the Company
cerdas, sekaligus membuka peluang seiring remains committed to contributing to the Sustainable
pesatnya pertumbuhan ekonomi digital Indonesia. Development Goals (SDGs), particularly Goals 9 and
11. These priorities emphasize resilient infrastructure,
Melalui keterlibatannya dalam berbagai program inclusive industrialization, innovation, and the creation
strategis nasional yang berfokus pada pembangunan of sustainable urban environments. By aligning its
infrastruktur, pengembangan industri, dan kemajuan business activities with these global objectives,
teknologi, Perseroan tetap berkomitmen untuk BNBR seeks to generate long-term economic value
mendukung Tujuan Pembangunan Berkelanjutan while supporting environmentally responsible growth
(SDGs), khususnya Tujuan 9 dan 11. Prioritas and improved quality of life for communities. The
ini menekankan pentingnya infrastruktur yang Company believes that integrating sustainability
tangguh, industrialisasi yang inklusif, inovasi, principles into core operations is essential to
serta pembangunan kawasan perkotaan yang building a resilient and future-ready business.
berkelanjutan. Dengan menyelaraskan kegiatan
usahanya dengan tujuan global tersebut, BNBR
berupaya menciptakan nilai ekonomi jangka
panjang sekaligus mendukung pertumbuhan
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yang ramah lingkungan dan peningkatan kualitas REJUVENATION SPIRIT - FOCUS ON ESG
hidup masyarakat. Perseroan meyakini bahwa
Beyond strengthening its financial and business
integrasi prinsip keberlanjutan dalam operasi inti
foundations, BNBR takes pride in its progress and
merupakan kunci untuk membangun bisnis yang
remains deeply committed to evolving its operations
tangguh dan siap menghadapi masa depan.
with a strong emphasis on Environmental, Social,
and Governance (ESG) principles. Recognizing
SEMANGAT PEMBARUAN the untapped potential of ESG investments in
- FOKUS PADA ESG Indonesia and the ASEAN region, BNBR continuously
Selain memperkuat fondasi keuangan dan bisnisnya, refines its practices to align with global standards
BNBR bangga dengan kemajuannya dan tetap and contribute meaningfully to local and national
berkomitmen untuk mengembangkan operasinya Sustainable Development Goals (SDGs).
dengan penekanan kuat pada prinsip-prinsip
Lingkungan, Sosial, dan Tata Kelola (Environmental, With a firm belief that ESG is key to long-term
Social, and Governance - ESG). Menyadari potensi value creation, BNBR is dedicated to enhancing
investasi ESG yang belum dimanfaatkan di Indonesia performance across all ESG dimensions.
dan kawasan ASEAN, BNBR terus menyempurnakan This ongoing commitment ensures that the
praktik-praktiknya agar selaras dengan standar global Company not only generates sustainable
dan memberikan kontribusi yang berarti bagi Tujuan business outcomes but also delivers lasting
Pembangunan Berkelanjutan (SDG) lokal dan nasional. benefits to society and all stakeholders.
Dengan keyakinan kuat bahwa ESG adalah ENVIRONMENT
kunci penciptaan nilai jangka panjang, BNBR Environmental responsibility is deeply embedded in
berdedikasi untuk meningkatkan kinerja di the business philosophy of BNBR and its subsidiaries.
semua dimensi ESG. Komitmen berkelanjutan Committed to sustainability, the Company actively
ini memastikan bahwa Perusahaan tidak hanya pursues certifications such as ISO 14001 for its
menghasilkan hasil bisnis yang berkelanjutan, tetapi manufacturing units, ensuring continuous improvement
juga memberikan manfaat jangka panjang bagi in environmental performance through better
masyarakat dan seluruh pemangku kepentingan. resource management, energy efficiency, emissions
control, water conservation, and waste reduction.
ENVIRONMENT
Tanggung jawab terhadap lingkungan tertanam In parallel, BNBR is expanding its role in clean
kuat dalam filosofi bisnis BNBR dan anak energy development through PT Bakrie Power (BP)
perusahaannya. Berkomitmen terhadap keberlanjutan, and its subsidiary PT Helio Synar Energi (Helio).
Perseroan secara aktif mengikuti sertifikasi Beyond developing solar power plants (PLTS), BP is
seperti ISO 14001 untuk unit-unit manufakturnya, exploring geothermal, wind, and other renewable
memastikan peningkatan kinerja lingkungan yang energy. Helio has already installed rooftop solar
berkelanjutan melalui pengelolaan sumber daya systems at Braja Mukti Cakra and Bakrie Pipe
yang lebih baik, efisiensi energi, pengendalian Industries. To date, BNBR’s renewable energy
emisi, konservasi air, dan pengurangan limbah. initiatives—both completed and in progress—have
reached a combined capacity of 198 MW. Through
Secara paralel, BNBR memperluas perannya dalam these efforts, BNBR supports Indonesia’s transition
pengembangan energi bersih melalui PT Bakrie to Net-Zero Emissions, in line with global climate
Power (BP) dan anak perusahaannya PT Helio Synar goals and the commitments made under COP28.
Energi (Helio). Selain mengembangkan pembangkit
listrik tenaga surya (PLTS), BP juga menjajaki panas
bumi, angin, dan energi terbarukan lainnya. Helio
telah memasang sistem tenaga surya atap di Braja
Mukti Cakra dan Bakrie Pipe Industries. Hingga saat
ini, inisiatif energi terbarukan BNBR-baik yang telah
selesai maupun yang sedang berjalan-telah mencapai
kapasitas gabungan sebesar 198 MW. Melalui upaya-
upaya ini, BNBR mendukung transisi Indonesia menuju
Net-Zero Emissions, sejalan dengan tujuan iklim
global dan komitmen yang dibuat di bawah COP28.
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SOCIAL SOCIAL
BNBR menjalankan inisiatif tanggung jawab sosial BNBR carries out its corporate social responsibility
perusahaan (CSR) untuk memberdayakan masyarakat (CSR) initiatives to empower communities around
di sekitar wilayah operasinya, meningkatkan kualitas its operations, improve quality of life, and protect
hidup, dan melindungi lingkungan. Program- the environment. These socially driven programs
program sosial ini dilaksanakan dengan kolaborasi are implemented in collaboration with other Bakrie
bersama perusahaan-perusahaan Grup Bakrie Group companies through the Bakrie Amanah
lainnya melalui yayasan Bakrie Amanah. Pada tahun foundation. In 2025, BNBR, through Bakrie
2025, BNBR, melalui Bakrie Amanah, menyalurkan Amanah, distributed assistance amounting to
bantuan sebesar Rp 2 miliar, memberikan Rp 2 billion, benefiting over 1,700 individuals.
manfaat kepada lebih dari 1.700 individu.
Recognizing human resources as a cornerstone
Menyadari sumber daya manusia sebagai landasan of growth, BNBR continually invests in talent
pertumbuhan, BNBR terus berinvestasi dalam development through the Bakrie Learning
pengembangan talenta melalui Bakrie Learning Center (BLC), while also fostering young leaders
Center (BLC), serta membina para pemimpin across its business units. In managing human
muda di seluruh unit usahanya. Dalam mengelola capital, the Company upholds the values of
sumber daya manusia, Perseroan menjunjung human rights, equality, and diversity, ensuring
tinggi nilai-nilai hak asasi manusia, kesetaraan, a respectful and inclusive workplace.
dan keberagaman, serta memastikan tempat
kerja yang saling menghormati dan inklusif. GOVERNANCE
BNBR continues to strengthen its Good Corporate
GOVERNANCE Governance (GCG) practices in line with its core
BNBR terus memperkuat praktik Tata Kelola values, adopting best practices to build sound
Perusahaan yang Baik (GCG) yang sejalan dengan business processes, controls, and procedures.
nilai-nilai inti perusahaan, mengadopsi praktik-praktik These efforts aim to support performance
terbaik untuk membangun proses, kontrol, dan improvement through more effective decision-
prosedur bisnis yang sehat. Upaya ini bertujuan untuk making, increased efficiency, and enhanced
mendukung peningkatan kinerja melalui pengambilan stakeholder service—while maintaining a balanced
keputusan yang lebih efektif, peningkatan focus on both results and sustainability.
efisiensi, dan peningkatan layanan kepada para
pemangku kepentingan - dengan tetap menjaga In 2025, the Company advanced its governance
keseimbangan antara hasil dan keberlanjutan. framework through a series of initiatives, including
the promotion of Governance, Risk Management, and
Pada tahun 2025, Perseroan meningkatkan Compliance (GRC) across its business units. Moving
kerangka kerja tata kelolanya melalui serangkaian forward, BNBR remains committed to supporting
inisiatif, termasuk mempromosikan Tata Kelola, the Sustainable Development Goals (SDGs), with a
Manajemen Risiko, dan Kepatuhan (Governance, particular focus on climate action, ensuring that its
Risk Management, and Compliance - GRC) di strategies are both responsible and future-focused.
seluruh unit bisnisnya. Ke depannya, BNBR tetap
berkomitmen untuk mendukung Tujuan Pembangunan
Berkelanjutan (SDGs), dengan fokus khusus
pada aksi iklim, untuk memastikan strateginya
bertanggung jawab dan berfokus pada masa depan.
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KOMPOSISI DIREKSI COMPOSITION OF THE
Pada tahun 2025 komposisi Direksi Perseroan
BOARD OF DIRECTORS
tidak mengalami perubahan, sehingga In 2025 the composition of the Company’s
per 31 Desember 2025 komposisi Direksi Board of Directors did not change, so that
Perseroan adalah sebagai berikut: as of December 31, 2025 the composition of
the Company’s Directors is as follows:
Direktur Utama & CEO : Anindya Novyan Bakrie
Wakil Direktur Utama President Director
& Co-CEO : Anindra Ardiansyah Bakrie & CEO : Anindya Novyan Bakrie
Direktur : Roy Hendrajanto M. Sakti Vice President
Direktur : R. A. Sri Dharmayanti Director & Co-CEO : Anindra Ardiansyah Bakrie
Direktur : Kartini Sally Director : Roy Hendrajanto M. Sakti
Director : R. A. Sri Dharmayanti
Setiap anggota Direksi telah memberikan kontribusi Director : Kartini Sally
yang nyata dalam menjalankan pengelolaan
Perusahaan, dan saya meyakini ke depannya keahlian Each member of the Board of Directors has made
dari setiap anggota Direksi akan terus menjadi modal a real contribution in carrying out the management
berharga bagi pengembangan bisnis Perusahaan. of the Company, and I believe that in the future
the expertise of each member of the Board of
PENUTUP Directors will continue to be a valuable asset for
the development of the Company’s business.
Direksi, bersama dengan seluruh karyawan,
dengan tulus mengucapkan terima kasih kepada
Dewan Komisaris, pemegang saham, dan para
CLOSING REMARKS
pemangku kepentingan atas dukungan mereka yang The Board of Directors, together with all
berkelanjutan selama menghadapi tantangan di employees, sincerely thank the Board of
tahun 2025. Ke depan, kami tetap berkomitmen untuk Commissioners, shareholders, and stakeholders
terus membangun kemajuan kami, dengan harapan for their continued support throughout the
dapat mendorong perbaikan yang berkelanjutan dan challenges of 2025. Looking ahead, we remain
membuka jalan bagi pertumbuhan yang berkelanjutan. committed to building on our progress, with
the hope of driving lasting improvements and
paving the way for sustainable growth.
Jakarta, April 2026
Atas nama Direksi
On behalf of the Board of Directors
PT Bakrie & Brothers Tbk
Anindya Novyan Bakrie
Komisaris Utama
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DIREKSI
BOARD OF DIRECTORS
ANINDYA
NOVYAN
BAKRIE
Direktur Utama & CEO
President Director & CEO
R.A. SRI ROY
DHARMAYANTI HENDRAJANTO
Direktur & M. SAKTI
Chief Legal Officer Direktur & Chief
Director & Financial Officer
Chief Legal Officer Director &
Chief Financial officer
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KARTINI SALLY
Direktur &
Chief Investment Officer
Director &
Chief Investment
Officer
A. ARDIANSYAH
BAKRIE
Wakil Direktur Utama
& Co-CEO
Vice President Director
& Co-CEO
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ANINDYA NOVYAN BAKRIE
DIREKTUR UTAMA & CHIEF EXECUTIVE OFFICER
PRESIDENT DIRECTOR & CHIEF EXECUTIVE OFFICER
Anindya Novyan Bakrie, Warga Negara Indonesia, Anindya Novyan Bakrie, Indonesian nationality,
lahir di Jakarta pada tahun 1974. Anindya memperoleh was born in Jakarta on 1974. He obtained his
gelar Master of Business Administration (MBA) dari Master of Business (MBA) from the Stanford
Stanford Graduate School of Business, California, Graduate School of Business, California, USA,
USA pada tahun 2001 dan gelar Bachelor of Science in 2011 and Bachelor of Science (BSc) degree
(BSc) Industrial Engineering dari Northwestern of Industrial Engineering from Northwestern
University, Evanston, Illinois, USA pada tahun 1996. University, Evanston, Illinois, USA, in 1996.
Anindya menjabat sebagai Direktur Utama & CEO Anindya has been the President Director & CEO of
PT Bakrie & Brothers Tbk sejak Mei 2019, di mana PT Bakrie & Brothers Tbk since May 2019, where
sebelumnya beliau menjabat sebagai Komisaris he was formerly President Commissioner and
Utama, Deputy COO / Managing Director pada Deputy COO / Managing Director between 1997 to
periode 1997-1999. Saat ini, Anindya juga menjabat 1999. Anindya also holds the position as President
sebagai Komisaris Utama PT Visi Media Asia Tbk Commissioner of PT Visi Media Asia Tbk since
sejak September 2025, Komisaris Utama PT VKTR September 2025, President Commissioner of PT
Teknologi Mobilitas Tbk sejak September 2022, VKTR Teknologi Mobilitas Tbk since September
CEO & Direktur Utama PT Bakrie Global Ventura 2022, CEO & President Director of PT Bakrie Global
sejak Agustus 2013, dan Komisaris PT Bakrie Ventura since August 2013, and Commissioner of PT
Sumatera Plantations Tbk sejak Juni 2012. Bakrie Sumatera Plantations Tbk since June 2012.
Sebelumnya, Anindya juga pernah menjabat sebagai Previously, Anindya has also served as CEO &
CEO & Direktur Utama PT Visi Media Asia Tbk (Juli President Director of PT Visi Media Asia Tbk
2014 - September 2025), CEO & Direktur Utama PT (July 2014 - September 2025), CEO & President
Bakrie Telecom Tbk (Desember 2003 - Juli 2013). Director of PT Bakrie Telecom Tbk (December
Saat ini, Anindya Novyan Bakrie juga menjabat 2003 - July 2013). Currently, Anindya also serves
sebagai Ketua Umum Kadin Indonesia, Ketua ASEAN as Chairman of Indonesian Chamber of Commerce
Business Advisory Council (ASEAN-BAC) Indonesia, & Industry (KADIN Indonesia), Chairman of
Ketua Umum perwakilan Indonesia di Asia Pacific ASEAN Business Advisory Council (ASEAN-BAC)
Economic Cooperation Business Advisory Council Indonesia, Chairman of Indonesian representative
(ABAC), Ketua Umum Akuatik Indonesia (AI), Direksi in Asia Pacific Economic Cooperation Business
Oxford United Football Club, Pendiri dan Ketua Advisory Council (ABAC), Chairman of Indonesian
Umum Bakrie Center Foundation, Ketua Umum Aquatics (AI), Board of Director of Oxford United
Yayasan Bakrie Untuk Negeri, dan Bendahara Football Club, Founder and Chairman of Bakrie
Umum Ikatan Saudagar Muslim Indonesia. Center Foundation, Chairman of Bakrie Untuk
Negeri Foundation, and General Treasurer of
Association of Indonesian Moslem Entrepreneurs.
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Beliau juga berperan aktif membangun hubungan Building bridges between Indonesia and the world,
antara Indonesia dengan berbagai negara di dunia Anindya has joined several boards of trustees/
melalui peran aktifnya sebagai wali/penasihat/anggota advisors/members of various international universities,
di berbagai dewan pada universitas-universitas NGOs, and research centers, such as Board
internasional, non-governmental organizations, Member of International Campaign Committee of
dan lembaga-lembaga riset. Diantaranya Board Northwestern University since July 2016, Board
Member of International Campaign Committee di Member of Philips Academy Andover’s Asia Council
Northwestern University sejak Juli 2016, Board since 2012, Board of Trustee of Eisenhower Fellowship
Member di Philips Academy Andover’s Asia Council since March 2011, Board Member of @america
sejak 2012, Board of Trustee di Eisenhower Fellowship Advisory Board since 2011 and Advisor of The United
sejak Maret 2011, Board Member di @america States Indonesia Society (USINDO) since 2018.
Advisory Board sejak 2011 dan Advisor di The United
States Indonesia Society (USINDO) sejak 2018. Anindya Novyan Bakrie is a regular attendee of
the World Economic Forum since 2010, and was
Anindya selalu aktif menghadiri World Economic appointed as a member of Board of Governors Auto/
Forum sejak tahun 2010 dimana beliau Mobility as well as Media, Entertainment and Culture.
merupakan Board of Governor Auto/Mobility
dan juga Media, Entertainment and Culture. In January 2024, Anindya was appointed as Chef
de Mission to lead the Indonesian delegation in
Pada Januari 2024, Anindya ditunjuk sebagai Chef the Paris Olympics held from July to August 2024.
de Mission untuk memimpin delegasi Indonesia He recently joined the B20 South Africa IBAC,
dalam Olimpiade Paris yang diadakan pada bulan strengthening Indonesia’s leadership in South-South
Juli hingga Agustus 2024. Anindya juga baru cooperation and global business collaboration.
bergabung dengan B20 South Africa IBAC, yang
memperkuat kepemimpinan Indonesia dalam kerja
sama Selatan-Selatan dan kolaborasi bisnis global.
Hubungan Afiliasi: Memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan
Direksi, dan Pemegang Saham Pengendali PT Bakrie & Brothers Tbk.
Affiliated Relationship: Affiliated with members of Board of Commissioners and Board
of Directors, and Controlling Shareholder of PT Bakrie & Brothers Tbk.
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A. ARDIANSYAH BAKRIE
WAKIL DIREKTUR UTAMA & CO – CEO
VICE PRESIDENT DIRECTOR & CO – CEO
Anindra Ardiansyah Bakrie, Warga Negara Indonesia, Anindra Ardiansyah Bakrie, an Indonesian nationality,
lahir di Jakarta pada tahun 1979. Memperoleh gelar born in Jakarta in 1979. Obtained Master of Business
Master of Business Administration (MBA) dari Bentley, (MBA) degree from Bentley, McCallum Graduate School
McCallum Graduate School of Business, Waltham, of Business, Waltham, Massachusetts, USA in 2005
Massachusetts, USA pada tahun 2005 dan gelar and Bachelor of Science (BSc) Business Administration
Bachelor of Science (BSc) Business Administration degree from Georgetown University, McDonough
dari Georgetown University, McDonough School of School of Business, Washington, DC, USA, on 2001.
Business, Washington, DC, USA pada tahun 2001.
A. Ardianyah Bakrie holds the position of Vice
Beliau menjabat sebagai Wakil Direktur Utama PT President Director of PT Bakrie & Brothers Tbk
Bakrie & Brothers Tbk sejak Mei 2018. Saat ini beliau since May 2018. Currently he also holds the position
juga menjabat sebagai Direktur Utama & CEO PT as President Director & CEO of PT Bakrie Indo
Bakrie Indo Infrastructure, CEO PT VKTR Teknologi Infrastructure, CEO PT VKTR Teknologi Mobilitas Tbk,
Mobilitas Tbk, dan Komisaris Utama di PT Southeast and President Commissioner of PT Southeast Asia
Asia Pipe Industries, PT Cimanggis Cibitung Tollways, Pipe Industries, PT Cimanggis Cibitung Tollways, PT
PT Multi Kontrol Nusantara dan juga sebagai Komisaris Multi Kontrol Nusantara, and also as Commissioner
di PT Bakrie Metal Industries dan PT Bakrie Power. at PT Bakrie Metal Industries and PT Bakrie Power.
Selain itu, beliau menjabat sebagai Direktur PT Bakrie He also serves as Director of PT Bakrie Global
Global Ventura sejak April 2012, Komisaris Utama PT Ventura since April 2012, President Commissioner
Cakrawala Andalas Televisi (ANTV) sejak Oktober of PT Cakrawala Andalas Televisi (ANTV) since
2019, Komisaris Utama PT Lativi Mediakarya (tvOne) October 2019, President Commissioner of PT Lativi
sejak Maret 2017, Komisaris Utama PT Viva Media Baru Mediakarya (tvOne) since March 2017, President
(vivanews.com) sejak Maret 2017, dan Komisaris Utama Commissioner of PT Viva Media Baru (vivanews.com)
PT Intermedia Capital Tbk sejak September 2025. since March 2017, and President Commissioner of
PT Intermedia Capital Tbk since September 2025.
Sebelumnya beliau menjabat sebagai Direktur
Utama dan CEO PT Viva Media Baru (November Previously he held the position of President Director
2013 – Maret 2017), Direktur Utama dan CEO PT and CEO of PT Viva Media Baru (November 2013
Lativi Mediakarya (Agustus 2011 – Maret 2017), – March 2017), President Director and CEO of PT
Komisaris PT Asia Global Media (September Lativi Mediakarya (August 2011 – March 2017),
2009 – Mei 2012), Komisaris PT Viva Media Baru Commissioner of PT Asia Global Media (September
(November 2008 – Mei 2012) dan Komisaris PT 2009 – May 2012), Commissioner of PT Viva Media
Intermedia Capital Tbk (Juni 2017 – Maret 2020). Baru (November 2008 – May 2012) and Commissioner
of PT Intermedia Capital Tbk (June 2017 – March 2020).
Hubungan Afiliasi: Memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan
Direksi, dan Pemegang Saham Pengendali PT Bakrie & Brothers Tbk.
Affiliated Relationship: Affiliated with members of Board of Commissioners and Board
of Directors, and Controlling Shareholder of PT Bakrie & Brothers Tbk.
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R.A. SRI
DHARMAYANTI
DIREKTUR & CHIEF LEGAL OFFICER
DIRECTOR & CHIEF LEGAL OFFICER
Sri Dharmayanti, Warga Negara Indonesia, lahir Sri Dharmayanti, an Indonesian nationality, was born
di Jakarta pada tahun 1962 dan memperoleh in Jakarta in 1962 and obtained her Master degree
gelar Magister Hukum dari Universitas Indonesia. in Law from University of Indonesia. She holds
Beliau memegang posisi Direktur Perseroan the position of Director since 2008. Currently, she
sejak tahun 2008. Saat ini, beliau juga menjabat also serves as Director of PT Bumi Resources Tbk
sebagai Direktur PT Bumi Resources Tbk (“BUMI”), (“BUMI”), Commissioner of PT Arutmin Indonesia, and
Komisaris PT Arutmin Indonesia, dan Komisaris Commissioner of PT Kaltim Prima Coal. Previously
PT Kaltim Prima Coal. Sebelumnya, beliau she held the position of Chief Legal Officer at BUMI.
menjabat sebagai Chief Legal Officer di BUMI.
She also participates on the Board of the
Beliau juga ikut serta sebagai Badan Pengurus Indonesian Mining Association (API-IMA), Advisory
Asosiasi Pertambangan Indonesia (API-IMA), Dewan Board of the Indonesian Coal Mining Association
Penasihat Asosiasi Pertambangan Batubara Indonesia (APBI-ICMA), as a member of the Assessment
(APBI-ICMA), anggota Tim Pengkajian Asosiasi Team of Indonesia Public Listed Companies
Emiten Indonesia (AEI), dan anggota Perhimpunan Association (AEI), and as a member of Association
Ahli Pertambangan Indonesia (PERHAPI). of Indonesian Mining Professional (PERHAPI).
Hubungan Afiliasi: Tidak ada
Affiliated Relationship: None
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ROY HENDRAJANTO M. SAKTI
DIREKTUR & CHIEF FINANCIAL OFFICER
DIRECTOR & CHIEF FINANCIAL OFFICER
Roy Hendrajanto M. Sakti, Warga Negara Indonesia, Roy Hendrajanto M. Sakti, an Indonesian
lahir di Jakarta pada tahun 1972 dan memperoleh nationality, was born in Jakarta in 1972 and
gelar Master dalam bidang Business Administration obtained his Master degree in Business
dari University of Missouri, Amerika Serikat. Administration from University of Missouri, USA.
Beliau menjabat sebagai Direktur dan Chief Financial He holds the position of Director and Chief
Officer sejak Juli 2022, Sebelumnya beliau menjabat Financial Officer since July 2022, previously
sebagai Direktur dan Chief Investment Officer pada he held the position of Director and Chief
periode Mei 2019 – Juni 2021, kemudian menjabat Investment Officer for the period of May 2019
sebagai Direktur dan Chief Financial & Investment – June 2021, and held the position of Director
Officer pada periode Juni 2021 – Juli 2022. and Chief Financial & Investment Officer for
the period of June 2021 – July 2022.
Beliau bergabung di PT Bakrie & Brothers Tbk
(BNBR) pada tahun 2016 sebagai Executive Vice He joined PT Bakrie & Brothers Tbk (BNBR) in 2016
President dan juga menjabat sebagai Komisaris di PT as Executive Vice President and also served as
Madani Securities. Beliau memiliki pengalaman lebih Commissioner in PT Madani Securities. He has
dari 20 tahun di industri keuangan dan pasar modal. over 20 years of experience in the finance and
Sebelum bergabung dengan BNBR, beliau menjabat capital market industry. Prior to joining BNBR
sebagai Direktur di PT Capitalinc Investment Tbk he held the position of Director in PT Capitalinc
(2013-2015), Komisaris di PT Batasa Capital (2005- Investment Tbk (2013–2015), Commissioner in
2007), Direktur Utama di PT Batasa Capital (2001- PT Batasa Capital (2005-2007), President Director
2005), Vice President di PT Bhakti Capital Indonesia in PT Batasa Capital (2001-2005), Vice President
(2000-2001), Case Manager di Jakarta Initiative in PT Bhakti Capital Indonesia (2000–2001),
Task Force (JITF)-Departemen Keuangan, dan Case Manager in Jakarta Initiative Task Force
Manager di PT Trimegah Securities Tbk (1996-1999). (JITF)–Finance Department, and Manager in
PT Trimegah Securities Tbk (1996-1999).
Hubungan Afiliasi: Memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan
Direksi, dan Pemegang Saham Pengendali PT Bakrie & Brothers Tbk.
Affiliated Relationship: Affiliated with members of Board of Commissioners and Board
of Directors, and Controlling Shareholder of PT Bakrie & Brothers Tbk.
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KARTINI SALLY
DIREKTUR & CHIEF INVESTMENT OFFICER
DIRECTOR & CHIEF INVESTMENT OFFICER
Kartini Sally, Warga Negara Indonesia, lahir di Kartini Sally, an Indonesian nationality, was
Jakarta pada tahun 1965. Beliau memperoleh born in Jakarta in 1965. She earned a Bachelor
gelar Sarjana dari Universitas Indonesia, gelar degree University of Indonesia, Master degree
Master dari PPM School of Management, dan from PPM School of Management, and Doctoral
gelar Doktor dari Universitas Gadjah Mada. Beliau degree from Gadjah Mada University. She
juga menjalani berbagai program pendidikan also underwent various executive leadership
executive leadership, dari universitas dan education programs from a number of university
institusi ternama di Eropa dan Amerika Serikat. and institution in Europe and USA.
Beliau menjabat sebagai Direktur dan She holds the position of Director and
Chief Investment Officer sejak Juli 2022. Chief Investment Officer since July 2022.
Beliau pernah menjabat sebagai Anggota She held the position of Member of Audit
Komite Audit dan Risk Management PT and Risk Management Committee of
Bank HSBC Indonesia (2021 – 2025). PT Bank HSBC Indonesia (2021 – 2025).
Sebelumnya beliau menjabat sebagai Direktur Previously she served as Director of Commercial
Commercial Banking PT Bank Mandiri (Persero) Tbk, Banking Director of PT Bank Mandiri (Persero)
kemudian menjabat sebagai Direktur Hubungan Tbk, she then served as Director of Institutional
Kelembagaan PT Bank Mandiri (Persero) Tbk dan Relation of PT Bank Mandiri (Persero) Tbk and at
sekaligus bertugas sebagai Direktur Pembina yang the same time served as Director of Trustees who
mensupervisi PT Bank Syariah Mandiri serta DPLK supervised PT Bank Syariah Mandiri and DPLK
(Dana Pensiun Lembaga Keuangan) Bank Mandiri (Financial Institution Pension Fund) Bank Mandiri
hingga akhir Maret 2018. Beliau juga menjabat until the end of March 2018. She has also served as
sebagai Komisaris PT Mandiri Sekuritas (2011 – 2015). Commissioner of PT Mandiri Sekuritas (2011 – 2015).
Sebelum bergabung dengan BNBR, Prior to joining Bakrie Group, she had banking and
beliau memiliki pengalaman perbankan investment experience in various institutions.
dan investasi di berbagai institusi.
Hubungan Afiliasi: Tidak ada
Affiliated Relationship: None
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PERNYATAAN TANGGUNG JAWAB
ATAS LAPORAN TAHUNAN TERINTEGRASI 2025
STATEMENT OF RESPONSIBILITY FOR
INTEGRATED ANNUAL REPORT 2025
Surat pernyataan anggota Dewan Komisaris dan Direksi tentang tanggung jawab
atas Laporan Tahunan Terintegrasi 2025 PT Bakrie & Brothers Tbk.
Board of Commissioners and Directors’ statement on the responsibility for
PT Bakrie & Brothers Tbk Integrated Annual Report year 2025.
Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan
Tahunan Terintegrasi PT Bakrie & Brothers Tbk tahun 2025 telah dimuat secara lengkap dan
bertanggung jawab penuh atas kebenaran isi Laporan Tahunan Terintegrasi Perusahaan.
We, the undersigned, hereby declare that all information disclosed in the 2025 Integrated Annual Report of
PT Bakrie & Brothers Tbk is complete and we are fully responsible for the accuracy of such information.
Jakarta, April 2026,
ARMANSYAH YAMIN
KO M I S A R I S U TA M A
P R ES I D E N T C O M M I S S I O N E R
RANIWATI SYAILENDRA S. BAKRIE
KO M I S A R I S I N D E P E N D E N KO M I S A R I S
INDEPENDENT COMMISSIONER COMMISSIONER
ADIKA ARYASTHANA BAKRIE ADRIAN T.P. PANGGABEAN
KO M I S A R I S KO M I S A R I S I N D E P E N D E N
COMMISSIONER INDEPENDENT COMMISSIONER
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ANINDYA N. BAKRIE
D I R E K T U R U TA M A & C E O
P R ES I D E N T D I R E CTO R & C E O
A. ARDIANSYAH BAKRIE ROY HENDRAJANTO M. SAKTI
WA K I L D I R E K T U R U TA M A & C O - C E O DIREKTUR
V I C E P R ES I D E N T D I R E CTO R & C O - C E O D I R E CTO R
R. A. SRI DHARMAYANTI KARTINI SALLY HB JOENOES
DIREKTUR DIREKTUR
D I R E CTO R D I R E CTO R
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ANALISIS DAN
PEMBAHASAN
MANAJEMEN >
MANAGEMENT
DISCUSSION & ANALYSIS
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Pembahasan dan analisis kinerja keuangan berikut This financial performance discussion and analysis
mengacu pada Laporan Keuangan Konsolidasian refers to the Company’s Consolidated Financial
Perseroan untuk tahun-tahun yang berakhir pada 31 Statements for the years ended December 31,
Desember 2025 dan 2024 yang disajikan dalam buku 2025 and 2024 attached to this Annual Report.
Laporan Tahunan ini. Laporan Keuangan Konsolidasian The Consolidated Financial Statements are audited
tersebut telah diaudit oleh Kantor Akuntan Publik Y. by Public Accounting Firm Y. Santosa & Rekan
Santosa & Rekan dengan pendapat bahwa laporan with their opinion that the consolidated financial
keuangan konsolidasian tersebut menyajikan statements present fairly in all material respects,
secara wajar dalam semua hal yang material, posisi the consolidated financial position of PT Bakrie &
keuangan konsolidasian PT Bakrie & Brothers Tbk Brothers Tbk and its subsidiaries as of December 31,
dan entitas anak tanggal 31 Desember 2025, serta 2025 and the consolidated financial performance and
kinerja keuangan dan arus kas konsolidasian untuk cash flows for the year then ended, in accordance
tahun yang berakhir pada tanggal tersebut, sesuai with Indonesian Financial Accounting Standards.
dengan Standar Akuntansi Keuangan di Indonesia.
The understanding of description of the financial
Pemahaman atas uraian tinjauan kinerja keuangan performance review is taking into account the
ini tetap memperhatikan penjelasan pada disclosures in the notes to the Consolidated
catatan atas Laporan Keuangan Konsolidasian Financial Statements that represent as an
sebagai bagian yang tidak terpisahkan integral part of this Integrated Annual Report.
dari Laporan Tahunan Terintegrasi ini.
TINJAUAN OPERASI PER SEGMEN USAHA
OPERATING REVIEW PER BUSINESS SEGMENT [SEOJK F.2]
Perusahaan memiliki tiga segmen operasi yang yang The Company has three core business segments
terdiri dari manufaktur dan infrastruktur, jasa fabrikasi consist of manufacturing and infrastructure,
dan konstruksi, serta perdagangan, jasa dan investasi. fabrication and construction services, as well
as trading, services and investment.
SEGMEN MANUFAKTUR DAN
INFRASTRUKTUR DAN SEGMEN JASA MANUFACTURING AND
FABRIKASI DAN KONSTRUKSI INFRASTRUCTURE SEGMENT AND
FABRICATION AND CONSTRUCTION
Perusahaan memperoleh pendapatan yang
berkesinambungan dari unit-unit usahanya yang
SERVICES SEGMENT
bergerak di beragam bidang manufaktur dan jasa The Company earns a sustainable recurring
fabrikasi dan konstruksi. Sedangkan proyek-proyek income from its various manufacturing and
infrastruktur saat ini dikembangkan untuk menjadi fabrication and construction services business
sumber pendapatan perusahaan di masa mendatang. units. Whereas the infrastructure projects are
currently developed as future income generator.
Segmen Manufaktur dan Infrastruktur menyumbang
hampir seluruh dari total pendapatan Perusahaan The Manufacturing and Infrastructure segment
pada tahun 2025, yaitu sebesar Rp 3,11 triliun. Jumlah contributed nearly all of the Company’s total
tersebut merupakan pendapatan dari unit usaha revenue in 2025, or Rp 3.11 trillion. This revenue
Perusahaan yang bergerak di bidang komponen was generated by the Company’s manufacturing
otomotif, industri metal dan infrastruktur. business units in automotive component,
metal industry, and infrastructure sectors.
Segmen Jasa Fabrikasi dan Konstruksi merupakan
salah satu lini bisnis unit usaha BNBR, yaitu PT The Fabrication and Construction Segment is
Bakrie Metal Industries (BMI) dan PT Bakrie one business line of BNBR business unit that are
Construction (Bcons). Pada tahun 2025 segmen ini PT Bakrie Metal Industries (BMI) and PT Bakrie
memberikan pendapatan sejumlah Rp 387,37 miliar. Construction (BCons). In 2025 this segment
generated revenue totaling at Rp 387.37 billion.
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KINERJA SEGMEN MANUFAKTUR PERFORMANCE OF AUTOMOTIVE
KOMPONEN OTOMOTIF DAN COMPONENT MANUFACTURING
KENDARAAN LISTRIK SEGMENT AND ELECTRIC VEHICLES
BNBR memproduksi komponen otomotif dan BNBR carries out its automotive component business
merintis manufaktur kendaraan listrik melalui anak and initiates electric vehicles manufacturing through
perusahaannya yaitu PT VKTR Teknologi Mobilitas its subsidiary which is PT VKTR Teknologi Mobilitas
Tbk (VKTR). VKTR bergerak di bidang pengecoran Tbk (VKTR). VKTR is engaged in iron casting and
besi dan manufaktur komponen suku cadang component manufacturing of automotive parts
otomotif melalui Perusahaan Anak, perdagangan through its Subsidiaries, wholesale trading of new
besar mobil baru dan kendaraan komersial baru cars and new commercial vehicles in the form of
berupa kendaraan bermotor listrik berbasis baterai, battery-based electric motorized vehicles, component
komponen suku cadang, aksesori mobil, dan industri parts, car accessories, and the car body industry
karoseri kendaraan bermotor roda empat atau lebih for four-wheeled or more motorized vehicles and
dan kendaraan bermotor listrik berbasis baterai. motorized vehicles, battery-based electricity.
Saat ini kegiatan usaha VKTR yang telah menghasilkan Currently VKTR’s business activities that have
pendapatan adalah pengecoran besi dan manufaktur generated revenue are foundry and manufacture
komponen suku cadang otomotif, perdagangan of automotive spare parts, wholesale trading of
besar mobil baru berupa kendaraan bermotor listrik new cars in the form of battery-based electric
berbasis baterai, perdagangan besar komponen motorized vehicles, wholesale trading of component
suku cadang, dan aksesori mobil serta perdagangan parts and car accessories as well as wholesale
besar barang bekas dan sisa-sisa tak terpakai trading of used goods and unused scraps. As for
(scrap). Sedangkan untuk kegiatan usaha industri the business activities of the car body industry
karoseri kendaraan bermotor roda empat atau for four-wheeled or more motorized vehicles,
lebih masih dalam tahap persiapan atau belum they are still in the preparatory stage or have not
melakukan kegiatan operasional komersial. carried out commercial operational activities.
Efektif pada 23 Desember 2022 VKTR mengakuisisi Effective on December 23, 2022, VKTR acquired PT
PT Bakrie Autoparts (BA). Dahulu BA bernama PT Bakrie Autoparts (BA). Previously BA was established
Bakrie Tosanjaya yang mengawali produksinya as PT Bakrie Tosanjaya in 1975; currently BA supplies
pada tahun 1975. BA merupakan pemasok automotive components for OEM with major products
komponen otomotif bagi OEM dengan produk among others are brake drum, flywheel, disc brake,
andalan di antaranya drum rem, roda gila, rem hub and coupling housing. BA also has the capacity
cakram, hub, dan rumah kopling. BA juga to perform general or non-automotive casting and
memiliki kapasitas untuk melakukan pengecoran has tapped into after sales spare parts market.
komponen non-otomotif dan saat ini BA juga
menyasar pasar suku cadang purna jual. BA operates five manufacturing facilities with an
annual casting capacity of 33,000 tons and a precision
BA memiliki lima fasilitas pabrik dengan kapasitas machining capacity of 2.5 million units. In 2025, BA
pengecoran 33.000 ton per tahun dan mesin experienced a slight decline in performance in both
presisi 2,5 juta unit per tahun. Pada tahun 2025 its foundry and precision machining operations,
kinerja BA baik di dalam produksi pengecoran atau primarily due to a downturn in the national automotive
foundry ataupun produksi mesin presisi mengalami industry. In response, BA implemented a pricing
sedikit penurunan. Hal ini dikarenakan menurunnya strategy by lowering its selling prices — not only
industri otomotif nasional. Strategi yang dilakukan to maintain its current market share, but also to
BA ditengah menurunnya industri otomotif nasional capture additional share from competitors.
adalah dengan menurunkan harga jual agar
selain dapat mempertahankan pangsa pasar, juga PERFORMANCE OF METAL
dapat merebut pangsa pasar dari kompetitor. INDUSTRY MANUFACTURING AND
FABRICATION AND CONSTRUCTION
KINERJA SEGMEN MANUFAKTUR SERVICES SEGMENT
INDUSTRI METAL DAN JASA FABRIKASI
BNBR carries out its business in metal industry
DAN KONSTRUKSI METAL
through its subsidiaries PT Bakrie Metal Industries
Unit usaha BNBR yang bergerak di industri metal (BMI). BMI started its business in 1959 through
adalah PT Bakrie Metal Industries (BMI). BMI its subsidiaries PT Bakrie Pipe Industries (BPI) by
memulai usahanya pada tahun 1959 melalui anak producing steel pipes for general use and later
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perusahaannya PT Bakrie Pipe Industries (BPI) dengan expanded to oil and gas sector. In 1984 BMI
memproduksi pipa baja untuk penggunaan umum dan expanded its capacity by providing fabrication
kemudian juga merambah kepada sektor migas. Pada service for corrugated metal and bridges, and then
tahun 1984 BMI memperluas usahanya ke layanan in 1985 BMI started its EPC business through its
fabrikasi baja bergelombang dan jembatan, kemudian subsidiaries PT Bakrie Construction (BCons).
pada tahun 1985 BMI memulai bisnis EPC melalui anak
perusahaannya PT Bakrie Construction (BCons). The annual capacity of BMI is 200 thousand
ton of steel pipes for oil & gas and non-oil &
Kapasitas produksi tahunan BMI adalah 200 ribu gas sector, 20 thousand ton of non-oil & gas
ton pipa baja untuk sektor migas dan penggunaan steel structure fabrication and 2.5 million man-
non-migas, 20 ribu ton fabrikasi struktur baja non- hour of oil & gas steel structure fabrication. BMI
migas dan 2,5 juta jam kerja fabrikasi struktur baja also has extensive experience in handling EPC
migas. Selain itu BMI juga berpengalaman menangani projects for various oil & gas and non-oil & gas
proyek EPC untuk berbagai konstruksi migas dan non- construction. During 2025 most of the projects
migas. Selama tahun 2025 sebagian besar proyek handled by BMI came from non-oil & gas sector.
yang ditangani oleh BMI berasal dari non-migas.
PERFORMANCE OF
KINERJA SEGMEN INFRASTRUKTUR INFRASTRUCTURE SEGMENT
Unit usaha BNBR yang bergerak di bidang BNBR carries out its infrastructure business through
infrastruktur adalah PT Bakrie Indo Infrastructure its subsidiaries PT Bakrie Indo Infrastructure (BIIN).
(BIIN). Didirikan pada tahun 2008, BIIN merupakan Established in 2008, BIIN was a development of
pengembangan dari Divisi Infrastruktur PT Bakrie Infrastructure Division of PT Bakrie & Brothers Tbk.
& Brothers Tbk. Sebagai perusahaan induk As a holding company with various infrastructure
dengan beragam aset infrastruktur di Indonesia, assets in Indonesia, BIIN utilizes its extensive
BIIN memanfaatkan pengalaman luasnya di bidang experience in infrastructure field and regional
infrastruktur dan keahlian regional. Objektif expertise. BIIN’s objective is to invest in lucrative
BIIN adalah melakukan investasi pada proyek and high-growth toll road, power, oil & gas, port,
infrastruktur jalan tol, tenaga listrik, minyak dan gas, and telecommunication infrastructure projects.
pelabuhan dan telekomunikasi yang menguntungkan
dan memiliki potensi pertumbuhan tinggi. Currently BIIN focuses on two major infrastructure
projects, that are Cimanggis-Cibitung 26.4km toll
Saat ini dua proyek infrastruktur utama yang ditangani road in West Java, and Kalija gas pipeline with phase
BIIN adalah jalan tol Cimanggis-Cibitung sepanjang 1 stretches 200 km at offshore North Java from
26,4 km di Jawa Barat, serta jalur pipa gas Kalija Kepodang to Tambak Lorok, and phase 2 is planned
sepanjang 200 km untuk fase 1 di lepas pantai to stretch from East Kalimantan to South Kalimantan.
utara pulau Jawa dari Kepodang hingga Tambak
Lorok, dan fase 2 direncanakan akan terbentang On 28 November 2025, BNBR, through PT Bakrie Toll
dari Kalimantan Timur hingga Kalimantan Selatan. Indonesia (BTI), successfully acquired 100% of the
shares in PT Cimanggis Cibitung Tollways (CCT), which
Pada tanggal 28 November 2025, BNBR melalui were previously held by PT Waskita Toll Road (WTR)
PT Bakrie Toll Indonesia (BTI) telah berhasil at 35% and PT Sarana Multi Infrastruktur (SMI) at 55%.
mengakuisisi 100% saham PT Cimanggis Cibitung
Tollways (CCT), yang sebelumnya dimiliki oleh Since December 2018 BIIN has consolidated
PT Waskita Toll Road (WTR) sebesar 35% dan PT PT Multi Kontrol Nusantara (MKN), a company
Sarana Multi Infrastruktur (SMI) sebesar 55%. engaged in the field of information technology
and telecommunications infrastructure as well as
Sejak Desember 2018 BIIN mengkonsolidasi PT Multi infrastructure support services. MKN has became
Kontrol Nusantara (MKN), sebuah perusahaan yang one of the contractors for Palapa Ring project, a
bergerak di bidang infrastruktur teknologi informasi project of Government of Indonesia to develop
dan telekomunikasi serta penyedia jasa pendukung infrastructure network of telecommunication and
infrastruktur. MKN telah menjadi salah satu kontraktor internet across Indonesia. MKN also contributes
proyek Palapa Ring, sebuah proyek milik Pemerintah to Government programs for equal distribution
Republik Indonesia untuk mengembangkan of internet connectivity in rural, suburban and 3T
jaringan infrastruktur telekomunikasi dan internet (Outermost, Frontier and Disadvantaged) areas.
di seluruh Indonesia. MKN juga berkontribusi
terhadap program Pemerintah untuk pemerataan
konektivitas internet di area pedesaan, pinggiran
kota dan 3T (Terluar, Terdepan dan Tertinggal).
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
KI N ERJA OPER A SIONAL PER SEG M EN MAN U FAK TU R , JA SA FAB RI K A SI
DAN KONSTRU KSI M ETAL , DAN I N FR A STRU K TU R
OPERATIONAL PERFORMANCE OF MANUFACTURING, METAL FABRICATION AND
CONSTRUCTION SERVICES, AND INFRASTRUCTURE BY SEGMENT
2025 2025/2024
TINGKAT
2024 KENAIKAN
URAIAN SATUAN % ATAS 2026
JUMLAH REALISASI SELISIH / PENURU-
DESCRIPTION UNIT TARGET TARGET NAN (%) TARGET
TOTAL REALIZATION DIFFERENCE
% TO TARGET INCREASE /
DECREASE
2024:2023 (%)
A. VOLUME PRODUKSI | PRODUCTION VOLUME
Segmen Manufaktur Komponen Otomotif | Automotive Components Manufacturing Segment
Pengecoran
Ton 25.106 27.948 24.422 87,4% -684 -2,7% 27.878
Foundry
Pemesinan Presisi Buah
2.319.765 2.547.818 2.943.227 115,5% 623.462 26,9% 2.789.284
Precision Machining Piece
Segmen Manufaktur dan Jasa Pabrikasi dan Konstruksi Industri Metal |
Metal Industry Manufacturing and Fabrication and Construction Services Segment
Pipa Baja Migas
Ton 27.493 45.863 17.446 38,0% -10.047 -36,5% 38.211
Oil & Gas Steel Pipe
Pipa Baja
Non Migas
Ton 33.653 61.776 39.954 64,7% 6.301 18,7% 76.813
Non-Oil & Gas
Steel Pipe
Fabrikasi Struktur
Baja - Migas
Steel Structure Ton 0 0 0 0,0% 0 0,0% 0
Fabrication -
Oil & Gas
Fabrikasi Struktur
Baja - Non Migas
Steel Structure Ton 6.989 10.904 6.310 57,9% -679 -9,7% 10.643
Fabrication - Non
Oil & Gas
Segmen Kendaraan Bermotor Listrik Berbasis Baterai | Electric Vehicle Segment
Bus Listrik Unit
20 215 50 23,3% 30 150,0% 540
EV Bus Units
Truk Listrik Unit
20 227 13 5,7% -7 -35,0% 214
EV Truck Units
Transporter Listrik Unit
0 0 0 0,0% 0 0,0% 0
EV Transporter Units
Forklift Listrik Unit
0 0 0 0,0% 0 0,0% 0
EV Forklift Units
Jasa Setelah
Unit
Penjualan 0 0 0 0,0% 0 0,0% 0
Units
After Sales
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2025 2025/2024
2024 TINGKAT
URAIAN SATUAN KENAIKAN 2026
UNIT JUMLAH % ATAS / PENURU-
DESCRIPTION REALISASI SELISIH TARGET
TOTAL TARGET TARGET NAN (%)
REALIZATION DIFFERENCE
% TO TARGET INCREASE /
DECREASE
2024:2023 (%)
B. VOLUME PENJUALAN | SALES VOLUME
Segmen Manufaktur Komponen Otomotif | Automotive Components Manufacturing Segment
Penjualan
kepada ATPM Ton 20.218 22.477 19.402 86,3% -816 -4,0% 17.383
Sales to OEM
Suku Cadang
Purna Jual
Ton 1.498 1.645 1.661 101,0% 163 10,9% 4.796
Replacement Spare
Parts Market
Pengecoran
Non Otomotif Ton 3.120 3.562 3.200 89,8% 80 2,6% 5.699
General Casting
Ekspor | Export Ton 271 264 159 60,2% -112 -41,4% 0
Segmen Manufaktur dan Jasa Pabrikasi dan Konstruksi Industri Metal | Metal Industry
Manufacturing and Fabrication and Construction Services Segment
Pipa Baja Migas
Ton 26.858 45.685 18.016 39,4% -8.842 -32,9% 37.900
Oil & Gas Steel Pipe
Pipa Baja Non Migas
Non-Oil & Gas Ton 45.600 61.678 38.918 63,1% -6.682 -14,7% 76.700
Steel Pipe
Perdagangan
Produk Baja
Ton 27.004 1.000 26.039 2603,9% -965 -3,6% 1.346
Trading of Steel
Products
Fabrikasi Struktur
Baja - Non Migas
Steel Structure Ton 5.535 10.904 7.366 67,6% 1.830 33,1% 10.643
Fabrication - Non
Oil & Gas
Segmen Infrastruktur Jalan Tol | Infrastructure Toll Road Segment*
Juta
Volume Kendaraan Unit
42,92 59,48 60,74 102,11% 17,81 41,50% 64,21
Traffic Volume Millions
Units
Lalu lintas Harian
Rata-rata Unit
37.098 39.171 40.869 104,33% 3.771,00 10,16% 42.330
Weighted Traffic Units
Vehicle per Day
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2025 2025/2024
TINGKAT
2024 KENAIKAN
URAIAN SATUAN % ATAS
2026
UNIT JUMLAH REALISASI SELISIH / PENURU-
DESCRIPTION TARGET TARGET NAN (%)
TARGET
TOTAL REALIZATION DIFFERENCE
% TO TARGET INCREASE /
DECREASE
2024:2023 (%)
Segmen Kendaraan Bermotor Listrik Berbasis Baterai | Electric Vehicle Segment
Bus Listrik Unit
29 24 53 220,8% 24 82,8% 390
EV Bus Units
Truk Listrik Unit
14 331 10 3,0% -4 -28,6% 125
EV Truck Units
Transporter Listrik Unit
0 122 0 0,0% 0 0,0% 57
EV Transporter Units
Forklift Listrik Unit
7 150 6 4,0% -1 -14,3% 34
EV Forklift Units
Jasa Setelah
Unit
Penjualan 0 0 0 0,0% 0 0,0% 0
Units
After Sales
Catatan: Pengkonsolidasian kinerja CCT dicatatkan setelah penyelesaian akuisisi CCT per 28 November 2025.
Note: The consolidation of CCT’s performance was recorded following the completion of the acquisition of CCT as of November 28, 2025.
.
PENJUAL AN B ERSI H PER SEG M EN MAN U FAK TU R DAN JA SA FAB RI K A SI DAN KONSTRU KSI M ETAL
NET SALES OF MANUFACTURING AND METAL FABRICATION AND CONSTRUCTION SERVICES BY SEGMENT
2025 2025/2024
TINGKAT
2024 KENAIKAN
URAIAN SATUAN % ATAS 2026
UNIT JUMLAH REALISASI SELISIH / PENURU-
DESCRIPTION TARGET TARGET NAN (%) TARGET
TOTAL REALIZATION DIFFERENCE
% TO TARGET INCREASE /
DECREASE
2024:2023 (%)
Segmen Manufaktur Komponen Otomotif | Automotive Components Manufacturing Segment
Penjualan
Rp Juta
kepada ATPM 716.624 794.157 702.106 88,4% -14.518 -2,0% 661.170
Rp. Mio
Sales to OEM
Suku Cadang
Purna Jual Rp Juta
38.441 42.477 41.821 98,5% 3.380 8,8% 125.539
Replacement Spare Rp. Mio
Parts Market
Pengecoran
Rp Juta
Non Otomotif 90.342 105.148 96.896 92,2% 6.554 7,3% 163.541
Rp. Mio
General Casting
Ekspor Rp Juta
7.931 8.309 4.632 55,7% -3.299 -41,6% 0
Export Rp. Mio
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2025 2025/2024
TINGKAT
2024 KENAIKAN
URAIAN SATUAN % ATAS 2026
UNIT JUMLAH REALISASI SELISIH / PENURU-
DESCRIPTION TARGET TARGET NAN (%) TARGET
TOTAL REALIZATION DIFFERENCE
% TO TARGET INCREASE /
DECREASE
2024:2023 (%)
Segmen Manufaktur dan Jasa Pabrikasi dan Konstruksi Industri Metal |
Metal Industry Manufacturing and Fabrication and Construction Services Segment
Pipa Baja Migas Rp Juta
987.589 1.361.706 633.621 46,5% -353.968 -35,8% 1.114.399
Oil & Gas Steel Pipe Rp. Mio
Pipa Baja
Non Migas Rp Juta
844.192 1.155.424 667.865 57,8% -176.327 -20,9% 1.390.193
Non-Oil & Gas Rp. Mio
Steel Pipe
Perdagangan
Produk Baja Rp Juta
512.607 3.220 518.625 16106,4% 6.018 1,2% 4.442
Trading of Steel Rp. Mio
Products
Fabrikasi Struktur
Baja - Migas
Rp Juta
Steel Structure 39.901 458.493 171.582 37,4% 131.681 330,0% 480.885
Rp. Mio
Fabrication -
Oil & Gas
Fabrikasi Struktur
Baja - Non Migas
Rp Juta
Steel Structure 213.576 353.440 215.787 61,1% 2.211 1,0% 360.967
Rp. Mio
Fabrication - Non
Oil & Gas
Jasa EPC Rp Juta
14.533 97.334 7.003 7,2% -7.530 -51,8% 209.328
EPC Services Rp. Mio
Segmen Infrastruktur | Infrastructure Segment
Infrastruktur
Rp Juta
Telekomunikasi 145.432 225.109 166.763 74,1% 21.330 14,7% 278.015
Rp. Mio
Telco Infrastructure
Jasa Pendukung
Infrastruktur Rp Juta
166.742 182.502 192.211 105,3% 25.470 15,3% 197.167
Infrastructure Rp. Mio
Support Services
Pendapatan
Rp Juta
Jalan Tol* 433.716 805.851 845.886 104,97% 412.170 95,03% 892.056
Rp. Mio
Toll Road Revenue*
Segmen Kendaraan Bermotor Listrik Berbasis Baterai | Electric Vehicle Segment
Bus Listrik Rp Juta
115.220 94.599 215.560 227,9% 100.339 87,1% 1.378.206
EV Bus Rp. Mio
Truk Listrik Rp Juta
28.693 926.257 14.865 1,6% -13.828 -48,2% 218.555
EV Truck Rp. Mio
Forklift Listrik Rp Juta
2.591 56.850 2.149 3,8% -442 -17,1% 48.963
EV Forklift Rp. Mio
Jasa Setelah
Rp Juta
Penjualan 4.950 0 12.614 0,0% 7.664 154,8% 0
Rp. Mio
After Sales
Catatan: Pengkonsolidasian kinerja CCT dicatatkan setelah penyelesaian akuisisi CCT per 28 November 2025.
Note: The consolidation of CCT’s performance was recorded following the completion of the acquisition of CCT as of November 28, 2025.
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
SEGMEN PERDAGANGAN, TRADING, SERVICES AND
JASA DAN INVESTASI INVESTMENT SEGMENT
Perusahaan juga memperoleh pendapatan dari The Company also earns revenues from Trading,
segmen Perdagangan, Jasa dan Investasi yang Services and Investment Segment which comprise of
meliputi perdagangan bus listrik, jasa manajemen dan trading of electric bus, management and consultation
konsultasi dan melakukan investasi pada perusahaan- services and making investment in other companies
perusahaan lain baik dalam bentuk penyertaan saham, in the form of equity participation, establish or
mendirikan atau mengambil bagian atas saham-saham acquire stocks of other companies both directly
perusahaan lain secara langsung maupun tidak and indirectly, trading marketable securities, trading
langsung, perdagangan surat berharga, perdagangan electric vehicle and other investment activities.
kendaraan listrik dan kegiatan investasi lainnya.
In 2025 Trading, Services and Investment segment
Pada tahun 2025 segmen Perdagangan, Jasa dan contributes 6.55% of the Company’s total revenue,
Investasi menyumbang 6,55% dari total pendapatan or Rp 245.19 billion. The majority of that sum
Perusahaan, yaitu sebesar Rp 245,19 miliar. was contributed by trading of electric vehicle
Sebagian besar dari jumlah tersebut merupakan through PT VKTR Teknologi Mobilitas Tbk.
pendapatan dari aktivitas penjualan kendaraan
listrik melalui PT VKTR Teknologi Mobilitas Tbk.
URAIAN ATAS KINERJA
KEUANGAN PERUSAHAAN
REVIEW OF FINANCIAL PERFORMANCE
PENDAPATAN BERSIH NET REVENUES
Pada tahun 2025 Perusahaan mencatatkan In 2025 the Company booked total net
pendapatan bersih sebesar Rp 3,74 triliun, revenues of Rp 3.74 trillion, or decreased by
atau turun sebanyak 3,28% dibandingkan 3.28% compared to net revenues of 2024.
pendapatan bersih pada tahun 2024.
The Fabrication and Construction Services sector
Sektor Jasa Pabrikasi dan Konstruksi mengalami recorded a revenue increase of 52.82%, primarily
kenaikan pendapatan sebanyak 52,82%, hal driven by a rise in the number of contracts
ini utamanya didukung oleh peningkatan secured by BNBR’s business units, particularly
jumlah kontrak yang diperoleh unit-unit usaha PT Bakrie Construction, which contributed
BNBR , khususnya PT Bakrie Construction, significantly to the overall revenue growth.
sehingga pendapatan dapat meningkat.
The Trading, Services, and Investment sector
Sektor Perdagangan, Jasa dan Investasi posted a 79.68% increase compared to 2024.
mengalami kenaikan sebesar 79,68% apabila
dibandingkan dengan tahun 2024. While, the Manufacturing and Infrastructure
sector recorded a 10.62% decline in
Sedangkan sektor Manufaktur dan Infrastruktur revenue compared to 2024.
mengalami penurunan pendapatan sebanyak
10,62% apabila dibandingkan dengan tahun 2024.
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PEN DAPATAN B ERSI H PER SEG M EN OPER A SI
NET REVENUES BY OPERATING SEGMENT
2024 2025 2025/2024
TINGKAT
% TERHADAP % TERHADAP KENAIKAN
URAIAN SATUAN TOTAL TOTAL
UNIT JUMLAH JUMLAH JUMLAH / PENURU-
DESCRIPTION PENJUALAN PENJUALAN NAN (%)
TOTAL % TO TOTAL TOTAL % TO TOTAL TOTAL INCREASE /
SALES SALES DECREASE
2025:2024 (%)
Manufaktur dan
Infrastruktur Rp Juta
3.479.967 89,92% 3.110.416 83,10% -369.551 -10,62%
Manufacturing and Rp. Mio
Infrastructure
Perdagangan, Jasa
dan Investasi Rp Juta
136.461 3,53% 245.188 6,55% 108.727 79,68%
Trading, Services Rp. Mio
and Investment
Jasa Pabrikasi
dan Konstruksi Rp Juta
253.477 6,55% 387.369 10,35% 133.892 52,82%
Fabrication and Rp. Mio
Construction Services
Konsolidasian Rp Juta
3.869.905 100,00% 3.742.973 100,00% -126.932 -3,28%
Consolidated Rp. Mio
BEBAN POKOK PENDAPATAN COST OF REVENUES
Pada tahun 2025 Perusahaan mencatatkan In 2025, the Company recorded a 0,06%
penurunan beban pokok pendapatan sebanyak decrease in cost of revenue, reaching Rp 2.99
0,06% menjadi Rp 2,99 triliun dibandingkan tahun trillion, compared to Rp 3.00 trillion in 2024.
2024 yang tercatat sebesar Rp 3,00 triliun.
There was a notable increase in cost of revenue
Terdapat peningkatan beban pokok pendapatan in the Trading, Services, and Investment segment
yang cukup signifikan pada segmen Perdagangan, as well as in the Fabrication and Construction
Jasa dan Investasi serta pada sektor Jasa Services sector, amounting to Rp 81.14 billion and
Pabrikasi dan Konstruksi masing – masing Rp 136.13 billion, respectively. This increase was
sebesar Rp 81,14 miliar dan Rp 136,13 miliar, hal in line with the growing demand for products
ini seiring dengan meningkatnya permintaan and services offered by these business units.
atas produk-produk unit usaha tersebut.
A different trend occurred in the Manufacturing
Hal berbeda terjadi pada segmen Manufaktur dan and Infrastructure segments, where the cost
Infrastruktur dimana beban pokok pendapatan of revenue decreased by Rp 219.10 billion.
mengalami penurunan sebesar Rp 219,10 miliar.
Detailed cost of revenues by operating
Rincian beban pokok pendapatan menurut segment were as follows:
segmen usaha adalah sebagai berikut:
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B EBAN POKOK PEN DAPATAN PER SEG M EN OPER A SI
COST OF REVENUES BY OPERATING SEGMENT
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Infrastruktur dan Manufaktur | Infrastructure and Manufacturing
Bahan baku Rp Juta
1.447.989 1.221.895 -226.094 -15,61%
Raw Material Rp. Mio
Tenaga kerja langsung Rp Juta
86.986 256.321 169.335 194,67%
Direct Labour Rp. Mio
Overhead Rp Juta
971.136 766.533 -204.603 -21,07%
Overhead Rp. Mio
Total beban produksi Rp Juta
2.506.111 2.244.749 -261.362 -10,43%
Total production cost Rp. Mio
Barang dalam proses - Awal Rp Juta
87.233 106.195 18.962 21,74%
Work in process - Beginning Rp. Mio
Barang dalam proses - Akhir Rp Juta
-106.195 -64.695 41.500 -39,08%
Work in process - Ending Rp. Mio
Barang jadi - Awal Rp Juta
593.968 435.187 -158.781 -26,73%
Finished goods - Beginning Rp. Mio
Barang jadi - Akhir Rp Juta
-435.187 -294.607 140.580 -32,30%
Finished goods - Ending Rp. Mio
Total infrastructure
Rp mio 2.645.930 2.426.829 -219.101 -8,28%
and manufacturing
Perdagangan, Jasa dan Investasi | Trading, Services and Investment
Biaya pelayanan dan
Rp Juta
pemasangan 135.481 216.616 81.135 59,89%
Rp. Mio
Service and installation costs
Jasa Pabrikasi dan Konstruksi | Fabrication and Construction Services
Bahan baku Rp Juta
114.486 154.788 40.302 35,20%
Raw Material Rp. Mio
Subkontraktor Rp Juta
24.256 61.623 37.367 154,05%
Subcontractors Rp. Mio
Tenaga kerja Rp Juta
35.708 61.565 25.857 72,41%
Direct Labour Rp. Mio
Lain-lain Rp Juta
44.567 77.168 32.601 73,15%
Others Rp. Mio
Beban Pokok Pendapatan
Rp mio 3.000.428 2.998.589 -1.839 -0,06%
Total Cost of Revenues
BEBAN PENJUALAN, UMUM SELLING, GENERAL AND
DAN ADMINISTRASI ADMINISTRATIVE EXPENSES
Pada tahun 2025 Perusahaan mencatatkan In 2025 the Company booked increase of
peningkatan beban penjualan, umum dan selling, general and administrative expenses as
administrasi sebanyak 6,98%, menjadi sejumlah much as 6,98%, increased to Rp 627.52 billion
Rp 627,52 miliar dibandingkan pencatatan compared to 2024 total of Rp 586.61 billion.
tahun 2024 yang sebesar Rp 586,61 miliar.
The largest increase occurred in general
Peningkatan terbesar terjadi pada beban umum & administration expense, which
dan administrasi naik sebesar Rp 49,45 miliar. increased by Rp 49.45 billion.
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B EBAN PENJUAL AN , U M U M DAN ADM I N ISTR A SI
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Perdagangan, Jasa dan Investasi | Trading, Services and Investment
Beban penjualan Rp Juta
132.903 130.135 -2.768 -2,08%
Selling expenses Rp. Mio
Beban karyawan Rp Juta
Personnel expenses Rp. Mio
250.990 245.229 -5.761 -2,30%
Beban umum dan administrasi
Rp Juta
General and administrative
Rp. Mio
202.712 252.157 49.445 24,39%
expenses
Jumlah Beban Penjualan,
Umum dan Administrasi Rp Juta
586.605 627.521 40.916 6,98%
Total Selling, General and Rp. Mio
Administrative Expenses
LABA/(RUGI) OPERASIONAL OPERATING INCOME / (LOSS)
Pada tahun 2025 Perusahaan mencatatkan In 2025 the Company recorded operating profit as
laba usaha sejumlah Rp 116,86 miliar, menurun much as Rp 116.86 billion, decreased if compared
jika dibandingkan laba usaha pada tahun to 2024 total operating profit of Rp 282.87 billion.
2024 yang sejumlah Rp 282,87 miliar.
OTHER INCOME (EXPENSES)
PENGHASILAN (BEBAN) LAIN-LAIN
In 2025, the Company recorded other
Pada tahun 2025 Perusahaan mencatatkan income amounting to Rp 401.97 billion,
penghasilan lain-lain sejumlah Rp 401,97 miliar, representing an increase compared to other
meningkat apabila dibandingkan dengan income of Rp 106.36 billion in 2024.
penghasilan lain-lain Perusahaan pada
tahun 2024 sebesar Rp 106,36 miliar. This increase was primarily attributable to gains
from the remeasurement of previously held equity
Peningkatan ini terjadi antara lain dikarenakan interests and a gain from a bargain purchase
adanya keuntungan dari pengukuran kembali atas amounting to Rp 742.50 billion in 2025.
kepentingan ekuitas yang dimiliki sebelumnya
dan adanya keuntungan dari pembelian diskon
sebesar Rp 742,50 miliar pada tahun 2025.
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PENG HA SI L AN (B EBAN) L AI N - L AI N
OTHER INCOME/(EXPENSES)
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Keuntungan dari pengukuran
kembali atas kepentingan
Rp Juta
ekuitas yang dimiliki sebelumnya 0 422.375 422.375 0,0%
Rp. Mio
Gain on remeasurement of
previously held equity interests
Keuntungan dari
Rp Juta
pembelian diskon 0 320.127 320.127 0,0%
Rp. Mio
Gain on bargain purchase
Keuntungan atas penyelesaian
pinjaman melalui investasi Rp Juta
353.464 0 -353.464 -100,0%
Gain from settlement of Rp. Mio
loan through investments
Keuntungan atas
Rp Juta
penjualan aset tetap 46.822 971 -45.851 -97,9%
Rp. Mio
Gain on sale of fixed assets
Keuntungan (kerugian)
selisih kurs - neto Rp Juta
21.653 14.002 -7.651 -35,3%
Gain (loss) on foreign Rp. Mio
exchange - net
Pendapatan bunga Rp Juta
13.815 93.544 79.729 577,1%
Interest income Rp. Mio
Beban bunga dan keuangan Rp Juta
-109.307 -305.099 -195.792 179,1%
Interest and financial expenses Rp. Mio
Kerugian atas dilusi investasi
Rp Juta
pada entitas anak -280.354 0 280.354 -100,0%
Rp. Mio
Loss on dilution of investment
Lain-lain Rp Juta
60.265 -143.951 -204.216 -338,9%
Others Rp. Mio
Jumlah Beban Lain-Lain Rp Juta
106.358 401.969 295.611 277,9%
Total Other Expenses Rp. Mio
LABA (RUGI) SEBELUM MANFAAT PROFIT (LOSS) BEFORE INCOME
(BEBAN) PAJAK PENGHASILAN TAX BENEFIT (EXPENSE)
Pada tahun 2025 Perusahaan mencatatkan laba The company booked profit before tax expense
sebelum beban pajak penghasilan sejumlah amounted to Rp 518.83 billion in 2025, an
Rp 518,83 miliar, meningkat jika dibandingkan incline if compared to profit before tax expense
dengan laba sebelum beban pajak penghasilan amounted to Rp 389.23 billion in 2024.
pada tahun 2024 sejumlah Rp 389,23 miliar.
INCOME TAX BENEFIT/(EXPENSE)
MANFAAT (BEBAN) PAJAK PENGHASILAN
In 2025, the Company recorded income tax
Pada tahun 2025 Perusahaan mencatatkan expense amounting to Rp 16.09 billion, a decrease
beban pajak penghasilan sebesar Rp 16,09 compared to Rp 53.18 billion recorded in 2024.
miliar, turun apabila dibandingkan pencatatan
tahun 2024 sebesar Rp 53,18 miliar.
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B EBAN PA JAK PENG HA SI L AN
INCOME TAX EXPENSE
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Pajak kini Rp Juta
-76.434 -42.018 34.416 -45,0%
Current tax Rp. Mio
Pajak tangguhan Rp Juta
23.252 25.929 2.677 11,5%
Deferred tax Rp. Mio
Jumlah Beban Pajak
Rp Juta
Penghasilan - Net -53.182 -16.089 37.093 69,7%
Rp. Mio
Total Income Tax Expense - Net
LABA (RUGI) NETO NET INCOME (LOSS)
Pada tahun 2025 Perusahaan mencatatkan In 2025, the Company recorded a net profit of
laba neto sebesar Rp 502,74 miliar, meningkat Rp 502.74 billion, representing a 49.60% increase
49,60% jika dibandingkan laba neto pada tahun compared to the net profit of Rp 336.05 billion in 2024.
2024 yang sejumlah Rp 336,05 miliar.
OTHER COMPREHENSIVE INCOME (LOSS)
PENGHASILAN (RUGI)
Other comprehensive incomes (expenses) consist
KOMPREHENSIF LAIN of incomes and expenses which are not recognized
Penghasilan (beban) komprehensif lain in comprehensive income (loss) statement but
merupakan pendapatan dan beban yang tidak affected equity, thus recorded as a component
dicatat dalam laporan laba (rugi) komprehensif of equity. Other comprehensive income (loss)
namun memengaruhi ekuitas sehingga dicatat is divided into two posts, namely posts that will
sebagai komponen ekuitas. Penghasilan (beban) be reclassify as profit (loss) and posts that will
komprehensif lain dibagi menjadi dua yaitu pos-pos not be reclassified as profit (loss). The Company
yang akan direklasifikasi ke laba (rugi) dan pos- has balance of other comprehensive incomes as
pos yang tidak akan direklasifikasi ke laba (rugi). required by Financial Accounting Standard (FAS).
Perseroan memiliki saldo pada akun pendapatan
komprehensif lain sebagaimana dipersyaratkan The Company’s other comprehensive incomes
oleh Standar Akuntansi Keuangan (SAK). (loss) consist of unrealized gain on available-for-sale
securities, exchange rate differences due to financial
Penghasilan (rugi) komprehensif lain-lain Perseroan statements translation, remeasurement of defined
terdiri dari keuntungan yang belum direalisasikan benefit pension plan, and income tax on items in other
atas efek tersedia untuk dijual, selisih kurs karena comprehensive income. The Company recorded other
penjabaran laporan keuangan, pengukuran kembali comprehensive profit in 2025 as much as Rp 7.25
atas program pensiun imbalan pasti dan pajak billion, increase compared to other comprehensive
penghasilan terkait pos-pos penghasilan komprehensif income recorded in 2024 as much as Rp 6.46 billion.
lain. Pada tahun 2025 Perseroan mencatatkan
penghasilan komprehensif lain sebesar Rp 7,25 miliar, The increase in other comprehensive income was
meningkat dibandingkan penghasilan komprehensif primarily driven by foreign exchange gains amounting
lain pada tahun 2024 yang sebesar Rp 6,46 miliar. to Rp 8.71 billion and a positive variance in the related
income tax component amounting to Rp 3.16 billion.
Peningkatan penghasilan komprehensif lain
utamanya disebabkan oleh adanya selisih kurs
sebesar Rp 8,71 miliar dan selisih positif atas pos
pajak penghasilan terkait sebesar Rp 3,16 miliar.
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PENG HA SI L AN (RUG I) KOM PREH ENSI F L AI N
OTHER COMPREHENSIVE INCOME (LOSS)
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Pos-pos yang akan direklasifikasi
lebih lanjut ke laba rugi Rp Juta
-4.993 5.967 10.960 -219,5%
Items that will be subsequently Rp. Mio
reclassified to profit or loss
Selisih kurs karena penjabaran
laporan keuangan Rp Juta
-2.569 6.141 8.710 -339,0%
Exchange differences due to Rp. Mio
financial statement translation
Perubahan neto atas
nilai wajar aset keuangan
Rp Juta
tersedia untuk dijual -2.424 -174 2.250 -92,8%
Rp. Mio
Net change in fair value of
available-for-sale financial asset
Pos-pos yang tidak akan
direklasifikasi ke laba rugi Rp Juta
11.452 1.286 -10.166 -88,8%
Items that will not be Rp. Mio
reclassified to profit or loss
Pengukuran kembali atas
program pensiun imbalan pasti Rp Juta
14.302 981 -13.321 -93,1%
Remeasurement of defined Rp. Mio
benefit pension plan
Pajak penghasilan terkait Rp Juta
-2.850 305 3.155 -110,7%
Related income tax Rp. Mio
Penghasilan (Rugi)
Komprehensif Lain -
Rp Juta
Setelah Dikurangi Pajak 6.459 7.253 794 12,3%
Rp. Mio
Other Comprehensive
Income (Loss) - Net of Tax
TOTAL PENGHASILAN KOMPREHENSIF TOTAL NET COMPREHENSIVE INCOME
NETO YANG DAPAT DIATRIBUSIKAN ATTRIBUTABLE TO OWNERS OF PARENT
KEPADA PEMILIK ENTITAS INDUK DAN AND NON-CONTROLLING INTEREST
KEPENTINGAN NON-PENGENDALI Upon the calculation of profit/loss, then, in 2025
Setelah memperhitungkan laba/rugi, maka the Company recorded net comprehensive income
pada tahun 2025 Perseroan mencatatkan laba attributable to Owner of Parent and Non-Controlling
komprehensif neto yang dapat diatribusikan Interest in the amount of Rp 502.74 billion.
kepada pemilik entitas induk dan kepentingan
non-pengendali sebesar Rp 502,74 miliar.
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SOROTAN N ER AC A
BALANCE SHEETS HIGHLIGHT
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Aset Lancar Rp Juta
Current Asset Rp. Mio
3.629.104 4.418.147 789.043 21,74%
Aset Tidak Lancar Rp Juta
Non-Current Assets Rp. Mio
3.200.385 19.149.416 15.949.031 498,35%
Jumlah Aset Rp Juta
Total Assets Rp. Mio
6.829.489 23.567.563 16.738.074 245,09%
Liabilitas Jangka Pendek Rp Juta
Short Term Liabilities Rp. Mio
2.150.564 3.596.001 1.445.437 67,21%
Liabilitas Jangka Panjang Rp Juta
Long Term Liabilities Rp. Mio
767.259 15.299.898 14.532.639 1894,10%
Jumlah Liabilitas
Total Liabilities
2.917.823 18.895.899 15.978.076 547,60%
ASET LANCAR CURRENT ASSETS
Pada tahun 2025 Perusahaan mencatatkan aset lancar In 2025, the Company recorded current assets of
sejumlah Rp 4,42 triliun, meningkat dibandingkan Rp 4.42 trillion, an increase compared to
aset lancar pada tahun 2024 sejumlah Rp 3,63 triliun. Rp 3.63 trillion in 2024. This increase in current
Peningkatan atas aset lancar disebabkan karena assets was primarily driven by higher short-term
adanya peningkatan nilai investasi jangka pendek investments and an increase in restricted cash.
dan peningkatan kas yang dibatasi penggunaannya.
NON-CURRENT ASSETS
ASET TIDAK LANCAR In 2025, the Company recorded a significant
Pada tahun 2025 Perusahaan mencatatkan increase in non-current assets of 498.35%, reaching
peningkatan yang signifikan atas pos aset tidak Rp 19.15 trillion compared to Rp 3.20 trillion in
lancar sebanyak 498,35%, yaitu menjadi sejumlah Rp 2024. This increase was primarily driven by the
19,15 triliun dibandingkan Rp 3,20 triliun pada tahun recognition of toll road concession rights following
2024. Peningkatan Aset tidak lancar disebabkan the acquisition of CCT at the end of 2025.
oleh adanya pos Hak Pengusahaan jalan tol sebagai
hasil dari akuisisi CCT pada akhir tahun 2025. TOTAL ASSETS
In 2025, the Company recorded total assets
TOTAL ASET of Rp 23.57 trillion, representing a significant
Pada tahun 2025 Perusahaan mencatatkan increase compared to Rp 6.83 trillion in 2024.
total aset sebesar Rp 23,57 triliun, meningkat
signifikan jika dibandingkan dengan total aset SHORT-TERM LIABILITIES
pada tahun 2024 sebesar Rp 6,83 triliun.
In 2025, the Company’s total current liabilities
increased by 67.21% compared to 2024, rising
LIABILITAS JANGKA PENDEK from Rp 2.15 trillion in 2024 to Rp 3.60 trillion
Pada tahun 2025 total liabilitas jangka pendek in 2025. This increase was primarily driven by
Perusahaan meningkat sebanyak 67,21% dibandingkan higher short-term borrowings and an increase
tahun 2024, dari Rp 2,15 triliun pada tahun 2024 in the current portion of long-term debt.
menjadi Rp 3,60 triliun pada tahun 2025. Peningkatan
ini dikarenakan adanya peningkatan pinjaman jangka
pendek dan juga peningkatan bagian pinjaman jangka
panjang yang akan jatuh tempo dalam satu tahun.
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LIABILITAS JANGKA PANJANG LONG-TERM LIABILITIES
Pada tahun 2025 Perusahaan mencatatkan liabilitas In 2025, the Company recorded long-term liabilities of
jangka panjang sebesar Rp 15,30 triliun, meningkat Rp 15.30 trillion, representing a significant increase of
signifikan sebanyak 1894,10% dari pencatatan Rp 1,894.10% from Rp 767.26 billion in 2024. This increase
767,26 miliar pada tahun 2024. Peningkatan ini was primarily driven by the addition of new long-
disebabkan karena adanya penambahan pinjaman term borrowings as a result of the CCT acquisition.
jangka panjang baru sebagai hasil dari akuisisi CCT.
TOTAL LIABILITIES
TOTAL LIABILITAS
In 2025, total liabilities increased by 547.60%, from
Pada tahun 2025 total liabilitas meningkat sebanyak Rp 2.92 trillion in 2024 to Rp 18.90 trillion in 2025.
547,60% dari Rp 2,92 triliun pada tahun 2024 This significant increase was primarily driven by the
menjadi Rp 18,90 triliun pada tahun 2025 dimana rise in long-term liabilities, as previously explained.
peningkatan signifikan ini disebabkan karena
adanya peningkatan liabilitas jangka panjang TOTAL EQUITY
sebagaimana telah dijelaskan sebelumnya.
BNBR recorded net equity of Rp 4.67 trillion
in 2025, representing an increase of 19.43%
TOTAL EKUITAS
compared to Rp 3.91 trillion in 2024. This
BNBR mencatatkan ekuitas bersih sebesar Rp increase was primarily driven by a rise in retained
4,67 triliun pada tahun 2025, meningkat 19,43% earnings amounting to Rp 493.85 billion.
dibandingkan ekuitas pada tahun 2024 sebesar
Rp 3,91 triliun. Penyebab dari peningkatan
ini didominasi oleh adanya peningkatan
saldo laba sebesar Rp 493,85 miliar.
TOTAL EKU ITA S
TOTAL EQUITY
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Modal ditempatkan
Rp Juta
dan disetor penuh 4.764.178 4.764.178 0 0,00%
Rp. Mio
Issued and fully paid capital
Tambahan modal disetor - net Rp Juta
-1.750.758 -1.750.758 0 0,00%
Additional paid-in capital - netto Rp. Mio
Cadangan modal lainnya Rp Juta
-86.138 18.308 104.446 -121,25%
Other capital reserves Rp. Mio
Saldo laba (defisit) Rp Juta
327.590 821.442 493.852 150,75%
Retained earning (deficit) Rp. Mio
Rp Juta
Sub-total 3.254.872 3.853.170 598.298 18,38%
Rp. Mio
Kepentingan Non-pengendali Rp Juta
656.794 818.494 161.700 24,62%
Non-controlling Interest Rp. Mio
Jumlah (Defisiensi) Ekuitas Rp Juta
3.911.666 4.671.664 759.998 19,43%
Total (Deficiency) Equity Rp. Mio
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ARUS KAS CASH FLOWS
Selama tahun 2025, Perseroan mencatatkan arus In 2025, the Company recorded net cash used in
kas neto yang digunakan untuk aktivitas operasi operating activities amounting to Rp 107.57 billion,
sebesar Rp 107,57 miliar, menurun dibandingkan a decrease compared to 2024, when the Company
tahun 2024 yang mencatatkan arus kas neto yang recorded net cash generated from operating
diperoleh dari aktivitas operasi sebesar Rp 865 juta. activities of Rp 865 million. This decline was primarily
Penurunan ini disebabkan karena meningkatnya attributable to higher interest payments in 2025.
pembayaran beban bunga pada tahun 2025.
Net cash used in investing activities in 2025
Arus kas bersih yang digunakan untuk aktivitas amounted to Rp 5.34 trillion, an increase compared
investasi selama tahun 2025 adalah sebesar Rp 5,34 to Rp 1.32 trillion recorded in 2024. This increase was
triliun, meningkat dibandingkan pencatatan arus kas primarily driven by the acquisition of a subsidiary
yang digunakan untuk aktivitas investasi selama and an increase in receivables from related parties.
tahun 2024 sebesar Rp 1,32 triliun. Peningkatan
ini terutama disebabkan karena adanya akuisisi Net cash provided by financing activities in 2025
entitas anak dan kenaikan piutang pihak berelasi. amounted to Rp 5.52 trillion, representing a
significant increase compared to Rp 624.43 billion
Arus kas bersih yang berasal dari aktivitas in 2024. This increase was primarily driven by
pendanaan selama tahun 2025 adalah sebesar higher proceeds from long-term borrowings.
Rp 5,52 triliun, meningkat signifikan apabila
dibandingkan tahun 2024 sebesar Rp. 624,43
miliar. Kontribusi peningkatan terbesar berasal dari
peningkatan penerimaan pinjaman jangka panjang.
ARUS K A S
CASH FLOWS
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Arus Kas Bersih yang
Diperoleh dari (Digunakan
Rp Juta
untuk) Aktivitas Operasi 865 -107.567 -108.432 -12535,49%
Rp. Mio
Net Cash Flows Provided from
(Used in) Operating Activities
Arus Kas Bersih yang
Diperoleh dari (Digunakan
Rp Juta
untuk) Aktivitas Investasi -1.323.353 -5.342.897 -4.019.544 303,74%
Rp. Mio
Net Cash Flows Provided by
(Used in) Investing Activities
Arus Kas Bersih yang
Diperoleh dari (Digunakan
Rp Juta
untuk) Aktivitas Pendanaan 624.434 5.518.798 4.894.364 783,81%
Rp. Mio
Net Cash Flows Provided by
(Used in) Financing Activities
Pengaruh perubahan kurs
mata uang asing atas
Rp Juta
kas dan setara kas 815 91 -724 -88,83%
Rp. Mio
Effect of exchange rate changes
on cash and cash equivalent
Kas dan Setara Kas Awal Tahun
Rp Juta
Cash and Cash equivalent 865.464 168.225 -697.239 -80,56%
Rp. Mio
at beginning of year
Kas dan Setara Kas Akhir Tahun
Rp Juta
Cash and Cash Equivalents 168.225 236.650 68.425 40,67%
Rp. Mio
at End of Year
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KEMAMPUAN MEMBAYAR PINJAMAN
DAN KOLEKTIBILITAS PIUTANG
LIABILITIES SERVICING AND RECEIVABLES COLLECTABILITY
KEMAMPUAN MEMBAYAR UTANG LIABILITIES SERVICING (SOLVENCY)
Kemampuan Perseroan dalam membayar utang, The Company’s solvency can be analyzed
dapat dilihat dari tiga rasio keuangan yang relevan, by three relevant financial ratios – solvency
yakni rasio solvabilitas, rasio likuiditas dan tingkat ratio, liquidity ratio, and collectability ratio,
kolektibilitas piutang Perseroan, sebagaimana as detailed in the following tables.
ditunjukkan dalam tabel rasio keuangan berikut.
SOLVAB I LITA S
SOLVABILITY
2024 2025 2025/2024
TINGKAT
UR A IAN SATUAN KENAIKAN /
DESCRIPTION UNIT JUMLAH JUMLAH SELISIH
TOTAL TOTAL DIFFERENCE PENURUNAN
INCREASE /
DECREASE (%)
Rasio Total Liabilitas
Kelipatan
terhadap Ekuitas 0,75 4,04 3,30 442,25%
Multiple
Total Liabilities to Equity Ratio
Rasio Total Liabilitas
Kelipatan
terhadap EBITDA 7,33 65,56 58,23 794,25%
Multiple
Total Liabilities to EBITDA Ratio
Rasio EBITDA terhadap
Kelipatan
Beban Bunga 3,64 0,94 -2,70 -74,05%
Multiple
EBITDA to Interest Expense Ratio
Rasio Total Liabilities
terhadap Total Aset Kelipatan
0,43 0,80 0,37 87,66%
Total Liabilities to Total Multiple
Assets Ratio
TINGKAT KOLEKTIBILITAS PIUTANG RECEIVABLES COLLECTABILITY
Periode penagihan piutang lebih singkat pada Company collecting period was shorter in 2025,
tahun 2025, yaitu selama 71 hari dibandingkan 75 which was 71 days compared to 75 days in 2024.
hari pada tahun 2024. Tingkat perputaran akun Account receivables turnover also increased
piutang juga meningkat menjadi 5,05 pada tahun to 5,05 in 2025 compared to 4.82 in 2024.
2025 dibandingkan 4,82 pada tahun 2024.
KOLEK TAB I LITA S
COLLECTABILITY
2024 2025
UR A IAN SATUAN
DESCRIPTION UNIT JUMLAH JUMLAH
TOTAL TOTAL
Periode Penagihan Hari
75 71
Collection Period Day
Perputaran Akun Piutang Hari
4,82 5,05
Account Receivables Turnover Day
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STRUKTUR MODAL DAN
KEBIJAKAN STRUKTUR MODAL
CAPITAL STRUCTURE AND CAPITAL STRUCTURE POLICY
Struktur modal Perseroan di tahun 2025 terdiri The Company’s capital structure in 2025 consisted of
dari 80,18% berupa liabilitas dan 19,82% berupa 80.18% liabilities and 19.82% equity. The Company’s
ekuitas. Liabilitas Perseroan sebagian besar liabilities were mainly used to increase the Company’s
digunakan untuk menambah kekurangan funding needs in financing the business development
dana Perseroan dalam membiayai kegiatan activities and working capital needs.
pengembangan usaha, dan memenuhi modal kerja.
The Company’s equity was entirely used to finance
Ekuitas Perseroan seluruhnya digunakan untuk business development activities and to cover business
membiayai modal investasi pengembangan risks.
usaha dan untuk menutup risiko usaha.
STRU K TU R MODAL
CAPITAL STRUCTURE
2024 2025
URAIAN SATUAN % TERHADAP % TERHADAP
DESCRIPTION UNIT JUMLAH MODAL
JUMLAH MODAL
TOTAL TOTAL
% TO CAPITAL % TO CAPITAL
Liabilitas Jangka Pendek Rp Juta
2.150.564 31,49% 3.596.001 15,26%
Short-Term Liabilities Rp. Mio
Liabilitas Jangka Panjang Rp Juta
767.259 11,23% 15.299.898 64,92%
Long-Term Liabilities Rp. Mio
Jumlah Liabilitas Rp Juta
2.917.823 42,72% 18.895.899 80,18%
Total Liabilities Rp. Mio
Ekuitas Rp Juta
3.911.666 57,28% 4.671.664 19,82%
Equity Rp. Mio
Jumlah Liabilitas dan Ekuitas Rp Juta
Total of Liabilities and Equity Rp. Mio
6.829.489 100,00% 23.567.563 100,00%
KEBIJAKAN STRUKTUR MODAL CAPITAL STRUCTURE POLICY
Perseroan menetapkan kebijakan struktur modal The Company established the policies of capital
dengan maksud menjaga perimbangan antara structure with a view to preserving the balance
penggunaan komposisi modal sendiri dengan between the use of the composition of equity to
pinjaman/utang yang terdiri dari utang jangka loan / debt consists of short-term debt and long-term
pendek dan utang jangka panjang agar dapat debt in order to maximize the value of the Company.
memaksimalkan nilai perusahaan. Perseroan berupaya The Company seeks to maintain capital structure
menjaga struktur modal agar sesuai atau tidak to fit or do not exceed the financial covenant as
melebihi financial covenant yang dipersyaratkan required by loan agreement with the creditors.
dalam perjanjian pinjaman dengan pihak kreditur.
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Kebijakan struktur permodalan The Company’s capital structure policies
Perseroan yang dijalankan adalah: which are implemented are:
♦ Struktur modal diupayakan mampu ♦ Capital structure should be able to balance
menyeimbangkan antara risiko keuangan financial risk with the rate of return to
dengan tingkat pengembalian untuk enhance the value of the Company, by:
meningkatkan nilai perusahaan. » Taking into account the use of scale
» Dilakukan dengan memperhitungkan and structure of debts that bear
penggunaan besaran dan struktur utang financial obligations (interest rate) and
yang menimbulkan kewajiban keuangan affect the liquidity of the Company.
(tingkat bunga) dan mempengaruhi » Optimizing return of equity to
kondisi likuiditas perusahaan. increase earnings per share.
» Mengoptimalkan rentabilitas ♦ The capital structure is reviewed by evaluating
modal sendiri yang menghasilkan the relationship between financial leverage, the
peningkatan laba per saham. value of the company, and cost of capital in order
♦ Struktur modal ditinjau dengan melakukan to achieve financial trade-off that can be justified.
evaluasi hubungan antara financial ♦ Capital structure needs to be optimized by
leverage, nilai perusahaan dan biaya managing the combination of debt and equity
modal agar tercapai financial trade off that maximizes the value of the Company.
yang dapat dipertanggungjawabkan.
♦ Struktur modal diupayakan optimal
dengan mengatur kombinasi utang
dan modal sendiri (ekuitas) yang dapat
memaksimalkan nilai Perseroan.
IKATAN MATERIAL UNTUK
INVESTASI BARANG MODAL
MATERIAL COMMITMENT FOR CAPITAL EXPENDITURE
Selama tahun 2025 tidak terjadi ikatan yang There was no material commitment
material atas investasi barang modal. for capital investment in 2025.
INVESTASI BARANG MODAL
CAPITAL EXPENDITURE
Kebijakan investasi BNBR dan unit-unit usahanya The investment policy of BNBR and its
berfokus pada kelangsungan usaha dan subsidiaries focuses on business sustainability
pemenuhan sasaran jangka panjang perusahaan. and achievement of company’s long term plan.
Sepanjang tahun 2025 BNBR dan unit-unit usaha Throughout 2025, BNBR and its business units
melakukan investasi barang modal sebesar Rp 286,42 recorded capital expenditures amounting to Rp 286.42
miliar yang terdiri dari tanah, bangunan, dan prasarana billion, consisting of land, buildings, and infrastructure
Rp 114,53 miliar, mesin dan peralatan Rp 109,53 miliar, of Rp 114.53 billion, machinery and equipment of Rp
alat-alat pengangkutan Rp 17,58 miliar, alat komunikasi 109.53 billion, transportation equipment of Rp 17.58
Rp 682 juta, perabotan dan peralatan kantor Rp 10,40 billion, communication equipment of Rp 682 million,
miliar, serta aset dalam penyelesaian Rp 33,70 miliar. furniture and office equipment of Rp 10.40 billion,
and construction in progress of Rp 33.70 billion.
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TARGET PERUSAHAAN DIBANDINGKAN
REALISASI TAHUN 2025
2025 COMPANY’S TARGET COMPARED TO
ACTUAL PERFORMANCE [SEOJK F.2]
Pencapaian target tahun 2025 juga dipantau Achievement of 2025 target was also
melalui parameter harga jual rata-rata dan monitored through average selling price
penyelesaian proyek infrastruktur sebagaimana and infrastructure projects completion as
dijelaskan pada tabel-tabel berikut. described in the following tables.
HARGA JUAL R ATA- R ATA
AVERAGE SELLING PRICE
2025 2025/2024
TINGKAT
2024 KENAIKAN
URAIAN SATUAN % ATAS 2026
UNIT JUMLAH REALISASI SELISIH / PENURU-
DESCRIPTION TARGET TARGET NAN (%) TARGET
TOTAL REALIZATION DIFFERENCE
% TO TARGET INCREASE /
DECREASE
2024:2023 (%)
HARGA RATA-RATA | AVERAGE SELLING PRICE
Segment Manufaktur Komponen Otomotif | Automotive Components Manufacturing Segment
Penjualan
kepada ATPM Rp ‘000/ton 35.446 35.331 36.187 102,4% 742 2,1% 38.036
Sales to OEM
Suku Cadang
Purna Jual
Rp ‘000/ton 25.669 25.822 25.178 97,5% -490 -1,9% 26.176
Replacement Spare
Parts Market
Pengecoran
Non Otomotif Rp ‘000/ton 28.958 29.519 30.280 102,6% 1.322 4,6% 28.696
General Casting
Ekspor
Rp ‘000/ton 29.250 31.473 29.132 92,6% -118 -0,4% -
Export
Segmen Manufaktur Industri Metal | Metal Industry Manufacturing Segment
Pipa Baja Migas
Rp ‘000/ton 36.771 29.806 35.170 118,0% -1.601 -4,4% 29.404
Oil & Gas Steel Pipe
Pipa Baja
Non Migas
Rp ‘000/ton 18.513 18.733 17.161 91,6% -1.352 -7,3% 18.125
Non-Oil & Gas
Steel Pipe
Perdagangan
Produk Baja
Rp ‘000/ton 18.983 3.220 19.917 618,5% 935 4,9% 3.300
Trading of Steel
Products
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2025 2025/2024
TINGKAT
2024 KENAIKAN
URAIAN SATUAN % ATAS 2026
UNIT JUMLAH REALISASI SELISIH / PENURU-
DESCRIPTION TARGET TARGET NAN (%) TARGET
TOTAL REALIZATION DIFFERENCE
% TO TARGET INCREASE /
DECREASE
2024:2023 (%)
Segmen Kendaraan Listrik | Electric Vehicle Segment
Bus Listrik Rp Juta
3.973 3.942 4.067 103,2% 4.181 105,2% 3.534
EV Bus Rp. Mio
Truk Listrik Rp Juta
2.050 2.798 1.486 53,1% 3.457 168,7% 1.748
EV Truck Rp. Mio
Transporter Listrik Rp Juta
0 1.003 0 0,0% 0 0,0% 240
EV Transporter Rp. Mio
Forklift Listrik Rp Juta
370 379 358 94,5% 442 119,4% 1.440
EV Forklift Rp. Mio
Jasa Setelah
Rp Juta
Penjualan 0 0 0 0,0% 0 0,0% 0
Rp. Mio
After Sales
PENYELESAIAN PROYEK I N FR A STRU K TU R
INFRASTRUCTURE PROJECTS COMPLETION
TAHAP PENYELESAIAN
URAIAN COMPLETION STAGE
DESCRIPTION
2024 2025 TARGET 2026
Seluruh konstruksi jalan tol telah Pada bulan November 2025, BNBR CCT akan
selesai dan telah beroperasi secara melalui BTI telah mengakuisisi membangun
penuh sejak bulan Juli 2024. 90% kepemilikan saham CCT fasilitas Rest Area.
Jalan Tol milik WTR dan SMI sehingga CCT
Cimanggis- All toll road construction works have telah dimiliki 100% oleh BNBR baik CCT will develop
Cibitung 26,4 km been completed, and the toll road has langsung ataupun tidak langsung. rest area facilities.
Cimanggis- been fully operational since July 2024.
Cibitung Toll In November 2025, BNBR, through
Road 26.4 km BTI, acquired a 90% equity interest
in CCT from WTR and SMI, resulting
in CCT becoming 100% owned by
BNBR, both directly and indirectly.
Melanjutkan studi kelayakan Melanjutkan studi kelayakan Mendapatkan lebih
tentang pasokan dan permintaan tentang pasokan dan permintaan banyak Shipper
untuk jalur pipa fase 2. untuk jalur pipa fase 2. / Offtaker untuk
Jalur Pipa
jalur pipa fase 2.
Gas Kalija
Continue implementation of Continue implementation of
Kalija Gas
feasibility study of supply and feasibility study of supply and Securing more
Pipeline
demand of pipeline phase 2. demand of pipeline phase 2. Shipper / Offtaker
for the phase
2 pipeline.
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INFORMASI DAN FAKTA MATERIAL
YANG TERJADI SETELAH TANGGAL
LAPORAN AKUNTAN
MATERIAL EVENT AND INFORMATION SUBSEQUENT
TO THE ACCOUNTANT’S REPORTING DATE
Tidak terdapat peristiwa penting setelah There are no material events after the
tanggal pelaporan sampai dengan tanggal reporting date until the completion date of
penyelesaian laporan keuangan konsolidasian. the consolidated financial statements.
PROSPEK USAHA PERUSAHAAN
COMPANY’S BUSINESS PROSPECTS
Mayoritas indikator makro ekonomi sepanjang The majority of macroeconomic indicators
tahun 2025 membuat BNBR dan unit-unit throughout 2025 led BNBR and its business
usahanya menempuh berbagai upaya inovasi units to undertake various innovation efforts
untuk mempertahankan keberlanjutan bisnis. to maintain business sustainability.
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VKTR TEKNOLOGI MOBILITAS
PENJUALAN MOBIL - DOMESTIK HARGA BATUBARA -AUSTRALIA HARGA CPO
ANNUAL DOMESTIC CAR SALES COAL PRICE - AUSTRALIA CPO PRICE
(AVERAGE SPOT)
1,276
AS$/ Metrik ton | US$/metric ton
AS$/ Metrik ton | US$/metric ton
1,05 1,131
1.01 963
0.89 0.89 0.83 344.9 886 850
Juta unit | Million unit
172.8
138.1 136.2
108.4
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Sumber | Source: Gaikindo Sumber | Source: World Bank Sumber | Source: World Bank
Penjualan mobil di pasar Indonesia tahun Harga batubara mengalami penurunan Harga Crude Palm Oil (CPO) mengalami
2025 mengalami penurunan dari 0,89 seiring dengan peningkatan penurunan pada tahun 2025, hal ini
juta unit pada tahun 2024 menjadi 0,83 suplai dan upaya pengurangan terutama disebabkan oleh melemahnya
juta unit pada tahun 2025. Penurunan ini emisi negara-negara maju. permintaan global, khususnya dari negara-
disebabkan karena melemahnya daya negara importir utama, serta peningkatan
beli masyarakat dan meningkatnya suku Coal prices have declined in line with pasokan dari negara produsen utama
bunga kredit kendaraan bermotor 1. increased supply and efforts to reduce seperti Indonesia dan Malaysia. Selain
emissions in developed countries. itu, penurunan harga minyak nabati
Car sales in the Indonesian market substitusi seperti minyak kedelai dan
declined from 0.89 million units in minyak bunga matahari turut memberikan
2024 to 0.83 million units in 2025. This tekanan terhadap harga CPO, sehingga
decrease was driven by weakening terjadi koreksi pasar setelah harga yang
consumer purchasing power and rising relatif tinggi pada tahun sebelumnya.
interest rates on automotive loans.1
Crude Palm Oil (CPO) prices declined in
2025, primarily driven by weaker global
demand, particularly from key importing
countries, as well as increased supply
from major producing countries such as
Indonesia and Malaysia. In addition, lower
prices of substitute vegetable oils, such
as soybean oil and sunflower oil, further
pressured CPO prices, resulting in a
market correction following the relatively
high price levels in the previous year.
1 Sumber: Gaikindo | Source: Gaikindo
PT VKTR Teknologi Mobilitas Tbk (VKTR) pertama PT VKTR Teknologi Mobilitas Tbk (VKTR) was first
kali didirikan sebagai PT Bakrie Steel Industries established as PT Bakrie Steel Industries in 2007,
pada tahun 2007, bergerak di bidang distribusi suku which engaged in the distribution of spare parts for
cadang untuk kendaraan komersial dan komponen commercial vehicles and other metal components. In
logam lainnya. Pada tahun 2018, VKTR memulai 2018, VKTR commenced its partnership with BYD and
kemitraannya dengan BYD dan meluncurkan e-busnya launched its e-bus in IMF/ World Bank Conference. In
di Konferensi IMF/Bank Dunia. Pada tahun 2019, 2019, the company distributed commercial vehicles
perusahaan mendistribusikan komponen kendaraan and heavy equipment components for mining
komersial dan alat berat untuk perusahaan kontraktor contractor companies, palm oil plantations, logistics
pertambangan, perkebunan kelapa sawit, perusahaan companies, and other organizations, including
logistik, dan organisasi lainnya, termasuk ORGANDA, ORGANDA, APTRINDO, and IPOMI. In 2022, PT Bakrie
APTRINDO, dan IPOMI. Pada tahun 2022, PT Bakrie Steel Industries transformed into VKTR and shifted
Steel Industries bertransformasi menjadi VKTR dan its business focus to electric vehicle (EV) trading and
mengalihkan fokus bisnisnya ke perdagangan dan manufacturing. VKTR is a pioneer of electric buses
manufaktur kendaraan listrik (EV). VKTR merupakan in Indonesia, having launched its first product (in
pionir bus listrik di Indonesia, setelah meluncurkan collaboration with BYD, a Chinese EV manufacturer)
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produk pertamanya (bekerja sama dengan BYD, for Transjakarta. As part of its business development
produsen EV China) untuk Transjakarta. Sebagai efforts, VKTR acquired PT Bakrie Autoparts in 2022.
bagian dari upaya pengembangan bisnisnya, VKTR
mengakuisisi PT Bakrie Autoparts pada tahun 2022. VKTR then switched its business focus to electric
vehicles (EV) trading & manufacturing, assembly
VKTR kemudian mengalihkan fokus bisnisnya ke and carrosserie of BYD electric busses (E-bus),
perdagangan & manufaktur kendaraan listrik (EV), and EV spare parts trading which will be carried
perakitan dan karoseri bus listrik (E-bus) BYD, out with business partners. In the future, VKTR
dan perdagangan suku cadang kendaraan listrik may consider expansion towards activities such as
yang akan dilakukan bersama mitra usaha. Di manufacturing of bus and truck bodies, producing
masa depan, VKTR tidak menutup kemungkinan EV spare parts, battery & module packs, retrofit
pengembangan ke arah memproduksi badan Internal Combustion Engine (ICE) vehicle to EV, and
bus dan truk, memproduksi suku cadang EV, building EV charging station & battery swap.
paket baterai & modul, retrofit kendaraan Internal
Combustion Engine (ICE) ke EV, dan membangun Currently VKTR’s main sales are components for
stasiun pengisian EV & pertukaran baterai. commercial vehicles, which contributed up to 87%
of total sales tonnage in 2025. Manufacturing
Saat ini penjualan utama VKTR adalah komponen of components for commercial vehicles is done
kendaraan niaga, yang menyumbang hingga 87% through subsidiary, that is PT Bakrie Autoparts
dari total tonase penjualan tahun 2025. Produksi (BA) which has been trusted as component
komponen niaga ini dilakukan melalui anak usaha, supplier for two major OEMs in Indonesia,
yaitu PT Bakrie Autoparts (BA) yang telah dipercaya namely Mitsubishi and Hino. This reinforced BA’s
menjadi penyedia komponen bagi dua ATPM besar di performance in commercial vehicle segment.
Indonesia, yaitu Mitsubishi dan Hino. Hal inilah yang
mendukung kinerja BA di segmen kendaraan niaga. The commodity market which has been the backbone
of commercial vehicle segment has experienced
Pasar komoditas yang menjadi penunjang segmen volatility in 2025 as a result of geopolitical crisis,
kendaraan komersial mengalami volatilitas pada and this was reflected in the performance of BA
tahun 2025 sebagai dampak dari krisis geopolitik, sales volume. However, BA is able to maintain
dan hal ini secara tidak langsung tercermin pada their revenue by diversifying its product portfolios
kinerja volume penjualan BA. Meski demikian BA with increasing complexity and have high selling
mampu mempertahankan pendapatan mereka dengan prices, in addition, BA strives to sell products with
diversifikasi portofolio produk yang semakin kompleks higher margins. BA also continued its efforts to tap
dan tinggi harga jualnya, selain itu BA mengupayakan into the passenger vehicle and aftersales market
penjualan produk-produk yang memiliki margin in order to support its business sustainability.
lebih tinggi. BA juga melanjutkan upayanya untuk
merambah ke pasar kendaraan penumpang dan Moreover, BA will also boost its sales in non-automotive
purna jual guna menunjang keberlanjutan bisnis BA. segment (general casting) in the coming years.
BA’s current customer profile also includes various
Selain itu BA juga akan meningkatkan penjualan agricultural and heavy equipment producers, right
di segmen non-otomotif (general casting) pada now BA is actively prospecting partnership with other
tahun-tahun mendatang. BA telah memiliki producers in order to expand this market segment.
pelanggan dari berbagai produsen alat-alat
berat dan pertanian, saat ini BA aktif menjajaki Given its aggressive business expansion and
potensi kerja sama dengan produsen lainnya initiatives, we believe VKTR is poised to experience
guna memperluas pangsa pasar segmen ini. strong multiyear earnings growth ahead.
Mengingat ekspansi dan inisiatif bisnisnya yang
agresif, kami yakin VKTR dan anak usahanya
siap untuk memiliki pertumbuhan pendapatan
multiyears yang kuat di masa depan.
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BAKRIE METAL INDUSTRIES
KONSUMSI BAJA NASIONAL HARGA MINYAK MENTAH HARGA HOT ROLLED
NATIONAL STEEL CONSUMPTION (RATA - RATA) COIL (RATA - RATA)
CRUDE OIL PRICE (AVERAGE) HOT ROLLED COIL STEEL PRICE (AVERAGE)
18.6 19
17,6 13,82
13,73
Juta metrik ton | Million metric ton
97,1 11,98 11,83
10.72
Rp Juta/ton | Rp Million/ton
16,6 80,8 78,7
69,1 67.4
15,5
AS$/bbl | US$/bbl
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Sumber | Source: IISIA Sumber | Source: World Bank Sumber | Source: Krakatau Steel
Konsumsi baja nasional meningkat menjadi Harga minyak mentah menurun seiring Harga baja Hot Rolled Coil cenderung
19,0 juta metrik ton pada tahun 2025. 2 dengan meningkatnya produksi menurun seiring dengan stagnansi
dari negara-negara di luar OPEC. pertumbuhan sektor industri
National steel consumption increased dan peningkatan inventori.
to 19.0 million metric tons in 2025.2 The price of crude oil has decreased
in line with increased production Hot Rolled Coil steel prices tend to decline
2 Sumber: Asosiasi Industri Besi dan Baja Indonesia | by countries outside OPEC. in line with stagnancy in the growth of
Source: Indonesian Iron and Steel Industry Associa- industrial sector and rising inventory level.
tion (IISIA)
Bisnis BMI terkait industri migas seperti pipa migas BMI businesses that are related to the oil & gas
dan konstruksi lepas pantai mengalami penurunan industry such as oil & gas pipes and offshore
drastis sejak tahun 2017. Harga minyak mentah construction experienced a steep decline since 2017.
sempat menunjukkan pemulihan pada tahun 2018, Crude oil prices had shown recovery in 2018, but
namun tingkat pemulihannya kembali terhenti di the rate of recovery stalled again in 2019 and was
tahun 2019 dan semakin terdampak secara negatif increasingly negatively affected during the pandemic.
saat pandemi. Meskipun harga minyak mengalami Even though oil prices have improved in 2022,
perbaikan pada tahun 2022, volatilitas harga volatility in oil prices returned in 2023 and continued
minyak bumi kembali terjadi pada tahun 2023 dan in 2024 as a result of global economic and geopolitical
berlanjut di tahun 2024 sebagai dampak dari kondisi conditions. In light of this forecast, BMI continued
perekonomian dan geopolitik global. Menyadari its plan to expand its non-oil & gas business.
hal tersebut BMI melanjutkan rencananya untuk
mengembangkan usahanya terkait industri non-migas. In the near future BMI will focus on expanding
its EPC segment and taking part in the
Dalam beberapa tahun ke depan BMI akan berfokus numerous infrastructure development projects
mengembangkan segmen EPC dan turut ambil bagian planned by the Government of Indonesia.
dalam berbagai proyek pengembangan infrastruktur
yang telah dicanangkan oleh pemerintah Indonesia. As for Bakrie Pipe Industries (BPI), BMI’s subsidiary
that produces steel pipes, it will strengthen its
Sedangkan Bakrie Pipe Industries (BPI), anak usaha position in the non-oil & gas market by expanding
BMI yang memproduksi pipa baja, akan memperkuat its production capacity of general pipes. BPI
posisinya di pasar non-migas dengan meningkatkan has also started tapping into new markets by
kapasitas produksi pipa non-migas, serta telah producing electric poles for State Electricity
mulai merambah pasar baru dengan memproduksi Company (PLN) needs. BPI also continued its
tiang listrik bagi kebutuhan Perusahaan Listrik efforts to increase operating margin by establishing
Negara (PLN). BPI juga melanjutkan upayanya untuk pipe coating facility in its factory area.
meningkatkan marjin usaha dengan mendirikan
fasilitas coating pipa di area pabrik mereka.
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BAKRIE INDO INFRASTRUCTURE
Rencana Pembangunan Jangka Menengah Nasional The National Medium-Term Development Plan
(RPJMN) 2025 – 2029 yang telah ditetapkan (RPJMN) 2025-2029, which has been established by
Pemerintah Republik Indonesia merupakan tahap awal the Government of the Republic of Indonesia, is the
penguatan fondasi transformasi menuju pencapaian initial stage of strengthening the foundation for the
sasaran Indonesia Emas 2045. RPJMN menetapkan transformation towards achieving the Golden Indonesia
8 (delapan) Prioritas Nasional dengan swasembada 2045 vision. The RPJMN sets 8 (eight) National
energi dan kesinambungan pengembangan Priorities with energy self-sufficiency and sustainable
infrastruktur sebagai bagian dari prioritas tersebut. infrastructure development as part of these priorities.
Dalam aspek swasembada energi, Pemerintah telah In the aspect of energy self-sufficiency, the Government
mencanangkan penguatan implementasi transisi has launched strengthening the equitable energy
energi berkeadilan sebagai salah satu Kegiatan transition implementation as one of the Priority
Prioritas yang diampu oleh Kementerian Energi dan Activities carried out by the Ministry of Energy and
Sumber Daya Mineral (ESDM). Kegiatan Prioritas Mineral Resources (ESDM). This Priority Activity has
ini memiliki sasaran dan target yang akan dicapai targets and objectives that will be achieved during
selama kurun waktu 2025 – 2029 berupa: the period 2025 - 2029 which are as follows:
SASARAN DAN TARGET
GOALS AND TARGETS 2025 2029
[SEOJK F.3][SEOJK F.4]
Pemanfaatan energi baru dan terbarukan (EBT) 13.500.000 KL dan | and 17.110.000 KL dan | and
Utilization of new and renewable energy (EBT) 50.739 GWh 62.063 GWh
Efisiensi energi 0,97 SBM/miliar rupiah 1,84 SBM/miliar rupiah
Energy Efficiency 0.97 BOE/billion rupiah 1.84 BOE/billion rupiah
Untuk pencapaian target tersebut Pemerintah To achieve these targets, the Government expects that
berharap agar pelaksanaan Kegiatan Prioritas ini the implementation of these Priority Activities can be
dapat didukung oleh sumber pendanaan non- supported by non-State Budget (APBN) funding sources.
Anggaran Pendapatan dan Belanja Negara (APBN).
SUMBER PENDANAAN [MILIAR RUPIAH] SOURCE OF FUNDING [BILLION RUPIAH]
Dalam aspek kesinambungan pembangunan In the aspect of sustainable infrastructure
infrastruktur yang menjadi bagian dari Prioritas development which is part of National Priority
Nasional 3 bersama-sama dengan peningkatan 3 together with increasing quality employment,
lapangan kerja yang berkualitas, mendorong encouraging entrepreneurship, and developing
kewirausahaan, serta pengembangan industri creative industries and agromaritime industries, the
kreatif dan industri agromaritim, Pemerintah telah Government has set a budget whose funding sources
menetapkan anggaran yang sumber pendanaannya will also be supported by non-State Budget.
juga akan didukung oleh non-APBN.
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SUMBER PENDANA AN (MILIAR RUPIAH)
SOURCE OF FUNDING (BILLION RUPIAH)
12% 16%
25,99 433.826
APBN APBN
STATE BUDGET STATE BUDGET
48% 84%
104,31 2.235.709
SWASTA
PRIVATE 40% NON-APBN
NON STATE
85,03 BUDGET
BUMN
SOE
Penggunaan APBN melalui pemanfaatan
belanja Kementerian/Lembaga 2025 – 2029
difokuskan untuk mendukung pelaksanaan
Program Prioritas Presiden, dan juga
akan difokuskan untuk pembangunan
infrastruktur konektivitas, energi dan digital.
THE UTILIZATION OF THE STATE BUDGET THROUGH MINISTRY/
AGENCY SPENDING 2025 - 2029 IS FOCUSED ON SUPPORTING
THE IMPLEMENTATION OF THE PRESIDENT’S PRIORITY
PROGRAM, AND WILL ALSO BE FOCUSED ON CONNECTIVITY,
ENERGY AND DIGITAL INFRASTRUCTURE DEVELOPMENT.
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PEMASARAN PRODUK DAN
JASA PERUSAHAAN
MARKETING OF COMPANY’S PRODUCT AND SERVICE
Unit-unit operasional BNBR secara aktif melakukan Operating units of BNBR actively implement their
pemasaran produk dan jasanya guna meningkatkan marketing strategies in order to achieve target
pencapaian penjualan. Secara garis besar aktivitas sales. Mostly, marketing activities are carried
pemasaran dilakukan dengan dua metode: Business- out through two methods: Business-to-Business
to-Business (B2B) dan Business-to-Consumer (B2C). (B2B) and Business-to-Consumer (B2C).
Pemasaran secara B2B dilakukan oleh VKTR Teknologi B2B marketing is carried out by VKTR Teknologi
Mobilitas (VKTR) untuk produk-produk kendaraan Mobilitas (VKTR) for its electric vehicles products,
listrik, Bakrie Autoparts (BA) untuk produk-produknya Bakrie Autoparts (BA) for products supplied to
yang disalurkan kepada ATPM dan oleh Bakrie Metal OEM (Original Equipment Manufacturer) and by
Industries (BMI) untuk jasa penanganan proyek- Bakrie Metal Industries (BMI) for services in metal
proyek konstruksi dan produk-produk di bidang construction project and oil & gas products such as
migas seperti pipa baja diameter besar. BA dan BMI large diameter pipes. BA and BMI routinely maintain
secara rutin membina hubungan baik dengan rekan- good relationships with their business partners and
rekan bisnis mereka dan aktif memperluas jejaring expand their network to create future collaboration.
guna memperoleh kerja sama di masa mendatang. Bakrie Pipe Industries (BPI), a subsidiary of BMI, also
Bakrie Pipe Industries (BPI), anak usaha BMI, juga offers its steel pipe products, especially for the oil &
menawarkan produk pipa baja, khususnya untuk gas segment, and steel pipe coating whose marketing
segmen migas, dan jasa pelapisan pipa baja yang activities are also carried out using B2B method.
usaha pemasarannya juga dilakukan secara B2B.
B2C marketing is carried out by BPI for non-oil &
Pemasaran secara B2C dilakukan oleh BPI untuk gas products such as small diameter pipes. BPI also
produk di bidang non-migas seperti pipa diameter cooperates with distributors in channeling its general
kecil. BPI juga bekerja sama dengan distributor purpose pipes to consumers across Indonesia.
untuk menyalurkan produk-produk pipa non-
migas kepada konsumen di seluruh Indonesia.
KEBIJAKAN DIVIDEN
DIVIDEND POLICY
Kebijakan dividen Perseroan diatur dalam Prospektus BNBR’s dividend policy is set in the Prospectus
pada saat Perseroan melakukan Penawaran Umum when the Company was conducting its Initial
Pertama (IPO), yakni pada bagian “Pembagian Public Offering (IPO), the policy is stated in the
Dividen”, yang menyatakan bahwa Perseroan “Dividend” section, which states that BNBR will
akan memberikan dividen dengan memperhatikan pay out dividends with respect to the financial
kondisi keuangan dan rencana pengembangan condition and business development plans. The
usaha. Adapun besaran rasio pembayaran dividen magnitude of the dividend payout ratio and/or the
dan/atau jumlah dividen tiap tahun buku ditetapkan amount of the dividend per fiscal year is set by
melalui Rapat Umum Pemegang Saham (RUPS). the General Meeting of Shareholders (GMS).
Dengan memperhatikan peraturan Pasar Modal With due regard to the Capital Market and
dan ketentuan hukum yang berlaku, Perseroan other prevailing laws, the Company plans to
merencanakan untuk membagi dividen tunai pay cash dividends to its shareholder every
kepada seluruh pemegang saham setiap tahun year, without reducing the rights of the GMS to
tanpa mengurangi hak RUPS untuk menentukan decide otherwise. Proposed policy of dividend
lain. Usulan kebijakan pembayaran dividen kepada payments to shareholders, whose names are listed
pemegang saham yang namanya tercantum pada on the Shareholders Register, is as follows:
Daftar Pemegang Saham Perseroan sebagai berikut:
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NET PROFIT
DIVIDEND PAYOUT RATIO
AFTER INCOME TAX
Rp 0 hingga 250 miliar
5 – 10%
Rp 0 up to 250 billion
Di atas Rp 250 miliar
11 – 15%
Above Rp 250 billion
Masing-masing perusahaan terbuka, entitas anak/ Each of the listed companies, subsidiaries/
unit usaha dan perusahaan terasosiasi menjalankan business units and associated companies
kebijakan dividen secara independen. has its own independent dividend policy.
PEMBAGIAN DIVIDEN DIVIDEND DISTRIBUTION
Merujuk kepada rencana usaha Perseroan untuk Referring to the Company’s business plan for the
tahun buku mendatang serta ketentuan Pasal 70 dan coming fiscal year as well as the provisions of Article
Pasal 71 UUPT dan ketentuan di dalam Surat Edaran 70 and Article 71 of the Limited Liability Company
BAPEPAM No. S-2057/PM/2003 yang mengatur Law and the requirements in BAPEPAM Circular
antara lain bahwa penggunaan keuntungan dalam Letter No. S-2057/PM/2003 which regulates,
bentuk dividen dapat dilakukan apabila Perseroan among others, the distribution of profit in the form
memiliki saldo laba dan total ekuitas yang positif. of dividends can be made if the Company has
positive retained earnings and total equity.
PROGRAM KEPEMILIKAN SAHAM
OLEH KARYAWAN DAN/ATAU
MANAJEMEN YANG DILAKUKAN
PERUSAHAAN (ESOP/MSOP)
EMPLOYEE SHARE OWNERSHIP PROGRAM/ MANAGEMENT
SHARE OWNERSHIP PROGRAM (ESOP/MSOP)
Saat ini Perseroan belum memiliki program The Company currently does not have
kepemilikan saham oleh karyawan dan/ employee and/or management share
atau manajemen (ESOP/MSOP) ownership program (ESOP/MSOP).
REALISASI PENGGUNAAN DANA HASIL
PENAWARAN UMUM PERDANA (IPO)
REALIZATION OF INITIAL PUBLIC OFFERING (IPO) FUNDS
Pada tanggal 28 Agustus 1989, Perseroan melakukan On August 28, 1989, the Company conducted an Initial
Penawaran Umum Perdana (IPO) kepada masyarakat Public Offering (IPO) of 2,850,000 shares at par value
atas sejumlah saham Perseroan sebanyak 2.850.000 of Rp 1,000 per share. All of the Company’s shares
saham dengan nilai nominal sebesar Rp 1.000 per were listed on Jakarta Stock Exchange (JSX), now
saham. Seluruh saham Perseroan tersebut dicatatkan known as Indonesia Stock Exchange (IDX). Since then,
di Bursa Efek Jakarta (BEJ) yang sekarang dikenal up to the current reporting year the Company has
sebagai Bursa Efek Indonesia (BEI). Sejak saat itu never conducted any corporate action involving the
hingga tahun pelaporan Perseroan tidak pernah offering of shares to the public in order to raise funds.
melakukan aksi korporasi dengan menawarkan saham
kepada publik dalam rangka menggalang dana.
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INFORMASI MATERIAL MENGENAI INVESTASI,
EKSPANSI, DIVESTASI, PENGGABUNGAN/
PELEBURAN USAHA, AKUISISI ATAU
RESTRUKTURISASI HUTANG/MODAL
MATERIAL INFORMATION ON INVESTMENT,
EXPANSION, DIVESTMENT, MERGER, ACQUISITION
OR DEBT/CAPITAL RESTRUCTURING
Informasi divestasi serta pendirian dan perubahan Information on divestment as well as establishment
kepemilikan saham entitas anak diungkapkan oleh and changes in share ownership in subsidiaries is
Perseroan pada poin nomor 1.c dalam Catatan atas disclosed by the Company in point number 1.c of
Laporan Keuangan Audit Konsolidasian untuk tahun Notes to the Consolidated Financial Statements
buku yang berakhir pada 31 Desember 2025. for the fiscal year ended December 31, 2025.
INFORMASI TRANSAKSI MATERIAL YANG
MENGANDUNG BENTURAN KEPENTINGAN
DAN/ATAU TRANSAKSI AFILIASI
INFORMATION ON MATERIAL TRANSACTION CONTAINING
CONFLICT OF INTEREST AND/OR AFFILIATE TRANSACTION
Di tahun 2025, BNBR tidak memiliki transaksi In 2025, BNBR did not conduct any
material yang mengandung benturan material transaction containing conflict of
kepentingan dan/atau transaksi afiliasi. interest and/or affiliate transaction.
PIHAK BERELASI
RELATED PARTIES
Sehubungan dengan sifat kegiatan usaha yang multi Considering the multi-sector nature of the Company’s
sektor, adakalanya Perseroan melakukan transaksi business, sometimes the Company conducts
dengan pihak berelasi yang menyediakan jasa transactions with related parties that provide services
yang relevan dengan bidang kegiatan Perseroan. relevant to the Company’s business activities.
Definisi pihak berelasi sesuai dengan yang diatur Related parties are defined in accordance with
dalam Peraturan BAPEPAM-LK No. VIII.G.7 tentang BAPEPAM-LK Regulation No. VIII.G.7 on Presentation
Penyajian dan Pengungkapan Laporan Keuangan and Disclosure of Financial Statements of Listed
Emiten atau Perusahaan Publik yang terdapat Companies or Public Companies, as an attachment
dalam lampiran keputusan ketua BAPEPAM-LK to Decree of Chairman of BAPEPAM-LK Number
Nomor Kep-347/BL/2012 tanggal 25 Juni 2012. Kep-347/BL/2012 dated June 25, 2012.
Informasi selengkapnya mengenai Transaksi Detailed information on Transactions with
dengan Pihak-Pihak yang Berelasi diungkapkan Related Parties is disclosed by the Company
oleh Perseroan pada poin nomor 40 dalam Catatan in point number 40 of Accompanying Notes to
atas Laporan Keuangan Audit Konsolidasian untuk the Consolidated Audited Financial Statement
tahun buku yang berakhir pada 31 Desember 2025. for fiscal year ended December 31, 2025.
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Akibat transaksi berelasi tersebut, Perseroan memiliki As result of the transactions with related parties,
saldo aset maupun liabilitas yang dicatat dalam the Company has balances of assets and liabilities
rangka transaksi dan dicatat dalam akun-akun: kas arising from the transactions and recognized under
dan setara kas, investasi jangka pendek, piutang the following accounts: cash and cash equivalents,
usaha, utang lain-lain dan liabilitas jangka panjang. short-term investments, trade receivables,
other liabilities, and long-term liabilities.
Jenis Transaksi dan Saldo Transaksi
dengan Pihak Berelasi Types and Balances of Transactions
Jenis-jenis transaksi dengan pihak with Related Parties
berelasi adalah sebagai berikut. Types of transactions with related parties are:
1. Kompensasi Manajemen Kunci 1. Key management compensation
2. Investasi jangka pendek 2. Short-term investments
3. Piutang usaha - pihak berelasi 3. Trade receivables – related parties
Pembayaran atas jasa dan barang tersebut In the sales activity, the payments for services
dilakukan dalam jangka waktu tertentu. and goods can be made within a certain period of
Perseroan kemudian mencatat tagihan yang time. The Company records the unsettled
belum diselesaikan sebagai Piutang Usaha invoices under Trade Receivables
Pihak Berelasi. – Related Parties.
4. Piutang pihak berelasi 4. Due from related parties
Dalam proses pengadaan barang dan jasa dari In the process of procurement of goods and
pihak berelasi, adakalanya Perseroan melakukan services from related parties, sometimes
pembayaran dalam jangka waktu tertentu, the Company may make payments
yang dicatat sebagai piutang pihak berelasi. within a certain period of time, which are
recorded as due from related parties.
5. Piutang kepada Komisaris, Direksi, dan Karyawan
Perusahaan dan entitas anak tertentu 5. Receivables from Commissioners,
memberikan pinjaman tanpa bunga untuk Directors, and Employees
pembelian rumah dan kendaraan bermotor The Company and certain subsidiaries provide
kepada direksi dan karyawan lainnya. non-interest bearing loans for the purchase of
houses and cars to directors
6. Utang usaha - pihak berelasi and other employees.
7. Utang lainnya kepada pihak yang berelasi
6. Trade payables – related parties
8. Utang pihak berelasi
7. Other payables to related parties
8. Due to related parties
Adapun rekapitulasi saldo dan persentase transaksi
dengan pihak berelasi dibandingkan masing-
masing jenis transaksi yang meliputi pendapatan, A summary of the balances and percentages of
aset dan liabilitas, dan sebagainya, adalah transactions with related parties compared to
sebagai berikut. (Selengkapnya diungkapkan each type of transaction, including revenues,
pada catatan 40 dalam Catatan atas Laporan assets, liabilities, and others, as follows. (Complete
Keuangan Audit Konsolidasian untuk tahun buku information is disclosed in Note 40 to the
yang berakhir pada 31 Desember 2025). Consolidated Audited Financial Statement for
the fiscal year ended December 31, 2025).
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TR ANSAKSI DENGAN PI HAK B EREL A SI
TRANSACTION WITH RELATED PARTIES
2024 2025 2025/2024
TINGKAT
% TERHADAP % TERHADAP KENAIKAN
URAIAN SATUAN TOTAL TOTAL
UNIT JUMLAH JUMLAH JUMLAH / PENURU-
DESCRIPTION PENJUALAN PENJUALAN NAN (%)
TOTAL % TO TOTAL TOTAL % TO TOTAL TOTAL INCREASE /
SALES SALES DECREASE
2024:2023 (%)
Kompensasi
manajemen kunci Rp Juta
50.996 1,32% 52.889 1,41% 1.893 3,71%
Key management Rp. Mio
compensation
2024 2025 2025/2024
TINGKAT
% TERHADAP % TERHADAP KENAIKAN
URAIAN SATUAN
TOTAL TOTAL
DESCRIPTION UNIT JUMLAH JUMLAH JUMLAH / PENURU-
PENJUALAN PENJUALAN NAN (%)
TOTAL % TO TOTAL TOTAL % TO TOTAL TOTAL INCREASE /
SALES SALES DECREASE
2024:2023 (%)
Investasi jangka
pendek Rp Juta
9.029 0,13% 0 0,00% -9.029 -100,00%
Short-term Rp. Mio
investments
Piutang usaha –
pihak berelasi Rp Juta
41.884 0,61% 49.276 0,21% 7.392 17,65%
Trade receivables Rp. Mio
– related parties
Piutang pihak berelasi
Rp Juta
Due from related 16.911 0,25% 31.672 0,13% 14.761 87,29%
Rp. Mio
parties
Piutang dari
Komisaris, Direktur
dan Karyawan
Rp Juta
Receivable from 95 0,00% 153 0,00% 58 60,88%
Rp. Mio
Commissioners,
Directors and
Employees
2024 2025 2025/2024
TINGKAT
% TERHADAP % TERHADAP KENAIKAN
URAIAN SATUAN TOTAL TOTAL
UNIT JUMLAH JUMLAH JUMLAH / PENURU-
DESCRIPTION PENJUALAN PENJUALAN NAN (%)
TOTAL % TO TOTAL TOTAL % TO TOTAL TOTAL INCREASE /
SALES SALES DECREASE
2024:2023 (%)
Utang usaha –
pihak berelasi Rp Juta
21.126 0,72% 18.403 0,10% -2.723 -12,89%
Trade payables – Rp. Mio
related parties
Utang lainnya kepada
pihak yang berelasi Rp Juta
28.184 0,97% 29.933 0,16% 1.749 6,21%
Other payables – Rp. Mio
related parties
Utang pihak berelasi Rp Juta
90.083 3,09% 87.740 0,46% -2.343 -2,60%
Due to related parties Rp. Mio
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PERUBAHAN PERATURAN
PERUNDANG-UNDANGAN
CHANGES OF REGULATIONS
Pada tahun 2025 terdapat beberapa In 2025, there were some changes of
Perubahan Peraturan yang mempunyai regulations that impact the Company’s
dampak terhadap kinerja perusahaan saat performance today and in the future:
ini maupun di masa mendatang, yakni:
DAMPAK
TERHADAP
PERATURAN TENTANG
NO PERUSAHAAN
REGULATION CONCERNING
EFFECT TO
COMPANY
Peraturan Presiden No.46 Tahun 2025 Pengadaan Barang / Jasa Pemerintah Netral
1
Presidential Decree No.46 Year 2025 Government Procurement of Goods / Services Neutral
Peraturan Pemerintah No.28 Tahun 2025
Penyelenggaraan Perizinan Berusaha Berbasis Risiko Netral
2 Government Regulation
Implementation of Risk-Based Business Licensing Neutral
No. 28 Year 2025
Peraturan Pemerintah No.40 Tahun 2025
Kebijakan Energi Nasional Netral
3 Government Regulation
National Energy Policy Neutral
No. 40 Year 2025
Peraturan Menteri Hukum Republik
Verifikasi dan Pengawasan Pemilik Manfaat Korporasi
Indonesia No.2 Tahun 2025 Netral
4 Verification and Oversight of
Regulation of Minister of Neutral
Corporate Beneficial Owners
Law No.2 Year 2025
Syarat dan Tata Cara Pendirian, Perubahan, dan
Peraturan Menteri Hukum Republik
Pembubaran Badan Hukum Perseroan Terbatas
Indonesia No.49 Tahun 2025 Netral
5 Requirements and Procedures for the
Regulation of Minister of Neutral
Formation, Amendment, and Dissolution
Law No.49 Year 2025
of a Limited Liability Company
Ketentuan dan Tata Cara Sertifikasi Tingkat Komponen
Peraturan Menteri Perindustrian
Dalam Negeri dan Bobot Manfaat Perusahaan
Republik Indonesia No.35 Tahun 2025 Netral
6 Regulations and Procedures for Certification
Regulation of Minister of Neutral
of the Domestic Component Level
Industry No. 35 Year 2025
and Corporate Benefit Weight
Standar Kegiatan Usaha dan/atau Standar
Peraturan Menteri Perindustrian Produk/Jasa Pada Penyelenggaraan Perizinan
No.37 Tahun 2025 Berusaha Berbasis Risiko Sektor Perindustrian Netral
7
Regulation of Minister of Business Activity Standards and/or Product/ Neutral
Industry No. 37 Year 2025 Service Standards in the Implementation of Risk-
Based Business Licensing in the Industrial Sector
Standar Kegiatan Usaha dan/atau Standar Produk/
Jasa, Pelaksanaan Pengawasan, dan Pengenaan
Peraturan Menteri Pekerjaan Umum Sanksi pada Penyelenggaraan Perizinan Berusaha
Republik Indonesia No.6 Tahun 2025 Berbasis Risiko Sektor Pekerjaan Umum Netral
8
Regulation of Minister of Public Business Activity Standards and/or Product/ Neutral
Works No.6 Year 2025 Service Standards, Supervision, and the Imposition
of Sanctions in the Implementation of Risk-Based
Business Licensing in the Public Works Sector
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DAMPAK
TERHADAP
PERATURAN TENTANG
NO PERUSAHAAN
REGULATION CONCERNING
EFFECT TO
COMPANY
Pajak Pertambahan Nilai Atas Kendaraan Bermotor
Listrik Berbasis Baterai Roda Empat Tertentu
dan Kendaraan Bermotor Listrik Berbasis Baterai
Bus Tertentu Serta Pajak Penjualan Atas Barang
Mewah Atas Penyerahan Barang Kena Pajak Yang
Tergolong Mewah Berupa Kendaraan Bermotor Roda
Peraturan Menteri Keuangan Empat Emisi Karbon Rendah Listrik Tertentu Yang
No.12 Tahun 2025 Ditanggung Pemerintah Tahun Anggaran 2025 Positif
9
Regulation of Minister of Value-Added Tax on Certain Four-Wheeled Battery- Positive
Finance No.12 Year 2025 Powered Electric Motor Vehicles and Certain Battery-
Powered Electric Buses, as well as Luxury Goods
Sales Tax on the Supply of Taxable Goods Classified
as Luxury Goods in the Form of Certain Low-Carbon
Emission Electric Four-Wheeled Motor Vehicles
Bearing by the Government in Fiscal Year 2025
Peraturan Menteri Lingkungan Hidup
/ Badan Pengendalian Lingkungan Program Penilaian Peningkatan Kinerja Perusahaan
Hidup No.7 Tahun 2025 Dalam Pengelolaan Lingkungan Hidup Netral
10
Regulation of Minister of Corporate Environmental Management Neutral
Environment / Environment Control Performance Improvement Assessment Program
Agency No.7 Year 2025
Peraturan Menteri Lingkungan Hidup
Baku Mutu Air Limbah Domestik dan Standar Teknologi
/ Badan Pengendalian Lingkungan
Pengolahan Air Limbah untuk Air Limbah Domestik
Hidup No.11 Tahun 2025 Netral
11 Quality Standards for Domestic Wastewater
Regulation of Minister of Neutral
and Wastewater Treatment Technology
Environment / Environment Control
Standards for Domestic Wastewater
Agency No.11 Year 2025
Peraturan Menteri Lingkungan Hidup
/ Badan Pengendalian Lingkungan
Hidup No.22 Tahun 2025 Kewenangan Penerbitan Persetujuan Lingkungan Netral
12
Regulation of Minister of Authority to Issue Environmental Approvals Neutral
Environment / Environment Control
Agency No.22 Year 2025
Besaran Remunerasi Minimal Tenaga Kerja
Keputusan Menteri Pekerjaan Konstruksi pada Jenjang Kualifikasi Ahli untuk
Umum No.33/KPTS/M/2025 Layanan Jasa Konsultasi Konstruksi Netral
13
Decree of Minister of Public Minimum Wage Rates for Construction Neutral
Works No.33/KPTS/M/2025 Workers at the Expert Qualification Level
for Construction Consulting Services
Penetapan Jenjang Kualifikasi Nasional
Keputusan Menteri Ketenagakerjaan Indonesia Bidang Keselamatan dan Kesehatan
No.46 Tahun 2025 Kerja Pesawat Angkat dan Pesawat Angkut Netral
14
Decree of Minister of Manpower Establishment of the Indonesian National Qualification Neutral
No.46 Year 2025 Framework for Occupational Safety and Health
in the Field of Lifting and Transport Equipment
Peraturan Badan Pusat
Klasifikasi Baku Lapangan Usaha Indonesia
Statistik No.7 Tahun 2025 Netral
15 Standard Classification of Indonesian
Regulation of Central Bureau of Neutral
Economic Activities
Statistics No.7 Year 2025
Peraturan Daerah Provinsi Penyelenggaraan Program Jaminan
Banten No.5 Tahun 2025 Sosial Ketenagakerjaan Netral
16
Local Government Regulation Implementation of the Employment Neutral
Banten Province No.5 Year 2025 Social Security Program
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DAMPAK
TERHADAP
PERATURAN TENTANG
NO PERUSAHAAN
REGULATION CONCERNING
EFFECT TO
COMPANY
Peraturan Daerah Kota Bekasi
No.3 Tahun 2025 Perizinan Pemanfaatan Ruang Netral
17
Local Government Regulation Land Use Permitting Neutral
Bekasi City No.3 Year 2025
Peraturan Daerah Kota Bekasi Perubahan atas Peraturan Daerah Kota Bekasi No.1
No.9 Tahun 2025 Tahun 2024 tentang Pajak Daerah dan Retribusi Daerah Netral
18
Local Government Regulation Amendment to Bekasi City Regulation No. 1 Neutral
Bekasi City No.9 Year 2025 of 2024 on Local Taxes and Local Fees
PERUBAHAN KEBIJAKAN AKUNTANSI
CHANGES OF ACCOUNTING POLICY
Ikatan Akuntan Indonesia (IAI) telah menerbitkan The Indonesian Institute of Accountants (IAI) has
Standar Akuntansi Keuangan yang belum issued Financial Accounting Standards which are
berlaku efektif untuk periode tahun buku not yet effective for annual periods beginning
yang dimulai pada tanggal 1 Januari 2025. January 1, 2025. However, earlier
Namun, penerapan dini diperkenankan. application is permitted.
Amendemen Standar Akuntansi Keuangan (PSAK) The new and amendments of Statements of
yang telah diterbitkan dan berlaku efektif untuk Financial Accounting Standards (PSAK) issued
periode tahun buku yang dimulai pada atau setelah and effective for annual periods beginning on
tanggal 1 Januari 2026 adalah sebagai berikut: or after January 1, 2026 were as follows:
♦ Amendemen PSAK 109, “Instrumen Keuangan” ♦ Amendments to PSAK 109, “Financial
dan PSAK 107, “Instrumen Keuangan: Instruments” and PSAK 107, “Financial
Pengungkapan” tentang klasifikasi dan Instruments: Disclosure” about classification
pengukuran instrumen keuangan. and measurement of financial instruments.
Grup sedang mempelajari dampak yang The Group is evaluating the potential impact
mungkin timbul dari penerapan SAK tersebut on the consolidated financial statements as
terhadap laporan keuangan konsolidasian. a result of the adoption of such SAK.
PENINGKATAN YANG MATERIAL
DIKAITKAN DENGAN JUMLAH BARANG
YANG DIJUAL/BARANG BARU
MATERIAL INCREASES RELATED TO SALES
VOLUME/NEW PRODUCTS
BNBR dan entitas anak mencatat tidak ada BNBR and its subsidiaries recorded no material
peningkatan material pada volume penjualan increases in sales volume or new product launches.
maupun peluncuran produk baru.
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PENGELOLAAN
SUMBER DAYA
MANUSIA >
HUMAN CAPITAL
MANAGEMENT
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Perseroan yang sebelumnya lebih dikenal dengan pengelolaan aset-aset
jangka pendek maupun panjang melalui ekspansi portofolio kepemilikan saham
perusahaan, kini semakin intens mengembangkan unit-unit usaha yang bergerak
di sektor riil, baik dalam bidang manufaktur maupun pengembangan infrastruktur.
Perseroan juga tengah merintis realisasi berbagai program pengembangan usaha
di sektor riil yang dituangkan dalam Inisiatif Strategi Pengembangan Perusahaan.
Perubahan fokus kegiatan tersebut merupakan respons Perseroan sebagai
antisipasi terhadap semakin kondusifnya kondisi usaha sektor riil, khususnya
yang berkaitan dengan pengembangan infrastruktur dan elektrifikasi.
The Company, which was previously better known for its management of
short- and long-term assets through the expansion of its shareholding portfolio,
is now focusing more on developing its business units operating in the real
sector, manufacturing and infrastructure development. The Company is also
pioneering a number of development programs in the real sector, as set out in
the Corporate Development Strategy Initiative. This shift in focus represents the
Company’s response to the increasingly favorable conditions in the real sector,
especially in areas related to infrastructure development and electrification.
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Untuk mendukung realisasi berbagai program In order to support the realization of these
pengembangan usaha tersebut, Perseroan telah development programs, the Company has formulated
menyusun program peningkatan kompetensi dan a program to increase people competence
penyiapan SDM yang andal, dengan implementasi and readiness, to be implemented in line with
yang dilakukan selaras dengan implementasi the Corporate Development Strategy Initiative.
Inisiatif Strategi Pengembangan Perusahaan. Considering the fact that people management,
Mengingat pengelolaan, perubahan perilaku, attitude changing and integrity and competence-
penyesuaian kompetensi maupun perubahan building must be implemented sustainably, the
integritas dan organisasi pengelolaan SDM Company has formulated integrated development
harus dilakukan secara berkelanjutan, Perseroan and Human Capital (HC) management programs.
telah menyusun program pengembangan
dan pengelolaan SDM yang terintegrasi. The BNBR Human Capital Development Program
2025 is implemented through various strategic
Program pengembangan SDM BNBR tahun 2025 initiatives aimed at supporting the achievement
dilaksanakan melalui berbagai inisiatif strategis of the Company’s business strategy and
yang diarahkan untuk mendukung pencapaian objectives. This program focuses on workforce
strategi dan sasaran bisnis Perseroan. Program ini planning, management, and development while
mencakup aspek perencanaan, pengelolaan, serta upholding the principles of human rights and
pengembangan SDM dengan menekankan prinsip equal employment opportunities. [SEOJK F.18]
penghormatan terhadap hak asasi manusia dan
kesetaraan kesempatan bekerja. [SEOJK F.18] The key initiatives of this program include: [SEOJK F.18]
Beberapa inisiatif utama dalam program ♦ Organizational Design Development
ini meliputi: [SEOJK F.18] Aligning the organizational structure
with the Company’s business model to
♦ Pengembangan Desain Organisasi enhance operational effectiveness.
Menyesuaikan struktur organisasi ♦ Workforce Planning and Recruitment
dengan model bisnis Perseroan guna Implementing strategic workforce planning
meningkatkan efektivitas operasional. and competency-based recruitment processes
♦ Perencanaan SDM dan Rekrutmen that promote equal opportunities.
Melaksanakan perencanaan tenaga kerja yang ♦ Performance Management and Compensation
strategis serta proses rekrutmen berbasis Applying a performance evaluation system
kompetensi dan kesetaraan kesempatan. based on Key Performance Indicators (KPIs)
♦ Pengelolaan Kinerja dan Balas Jasa and a competitive compensation policy.
Menerapkan sistem penilaian kinerja berbasis ♦ Training and Human Capital Development
Key Performance Indicators (KPI) serta Conducting various leadership, technical, and soft
kebijakan balas jasa yang kompetitif. skills training programs, with a total of 134 training
♦ Pelatihan dan Pengembangan SDM sessions and 1,781 participants throughout the year.
Menyelenggarakan berbagai program pelatihan ♦ Corporate Culture Development Program
dan pengembangan kepemimpinan, teknis, Strengthening a corporate culture aligned with
serta soft skills dengan total 134 sesi pelatihan the Company’s core values through engagement
dan melibatkan 1.781 peserta sepanjang tahun. initiatives and cultural internalization programs.
♦ Program Pengembangan Budaya Kerja
(Corporate Culture)
Mengembangkan budaya kerja yang berorientasi
pada nilai-nilai perusahaan melalui berbagai
inisiatif engagement dan internalisasi nilai budaya.
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PENGKAJIAN DAN
PENGEMBANGAN ORGANISASI
ORGANIZATIONAL REVIEW AND DEVELOPMENT
Seiring dengan perkembangan dan dinamika Alongside the current business development and
bisnis yang dijalani, Perseroan terus melaksanakan dynamic, the Company continuously updates
pembaharuan dan penataan struktur organisasi and regulates the organizational structure in
guna membangun struktur organisasi yang order to make it more effective. An effective
efektif. Kehadiran organisasi yang efektif tersebut organizational structure is pivotal in promoting
merupakan upaya untuk menerjemahkan visi, the Company’s vision, mission and business
misi dan sasaran bisnis Perseroan kepada targets among all parties within the Company.
seluruh pihak di dalam organisasi Perseroan.
The process of the Company’s organization review
Proses pengkajian dan pengembangan and development is carried out in view of its basic
organisasi Perseroan dilaksanakan dengan philosophy, placing organization productivity
mengimplementasikan filosofi dasar dengan as the benchmark for success in tackling the
menempatkan produktivitas organisasi yang competition, designing organization flexibility as
unggul sebagai tolok ukur keberhasilan dalam the main key in responding to business changes
memenangkan persaingan, merancang fleksibilitas and designing an organization that is able to
organisasi sebagai kunci utama untuk merespons meet all business needs now and in the future.
perubahan yang ada dalam bisnis serta merancang
organisasi yang dapat memenuhi kebutuhan .
bisnis masa kini dan masa yang akan datang.
MANAJEMEN KINERJA
PERFORMANCE MANAGEMENT
BAKRIE PERFORMANCE BAKRIE PERFORMANCE
CONTRACT [GRI 404-3] CONTRACT [GRI 404-3]
Sebagai bagian integral dari kebijakan pengelolaan As an integral part of BNBR’s HC management,
SDM BNBR, Perseroan menerapkan sistem penilaian the Company consistently applies an objective
kinerja yang objektif secara konsisten sehingga performance evaluation system, allowing all
seluruh jajaran SDM memiliki arah dan komitmen yang levels within the Company to move in the same
sama dalam mendukung pencapaian sasaran bisnis direction and with the same commitment, thus
perusahaan. Secara konsisten, BNBR menerapkan ensuring stronger support in the attainment of the
sistem penilaian kinerja melalui pengembangan Company’s business goals. BNBR consistently
sistem dan penetapan Key Performance Indicator applies a performance evaluation system through
(“KPI”) yang menjadi dasar proses penilaian the development of Key Performance Indicators
kinerja Perusahaan dan juga kinerja individu (KPI), which form the basis of evaluation of the
karyawan serta menjadi salah satu tolok ukur Company’s performance as well as the performance
penentuan jenjang karir seluruh jajaran SDM. of individual employees. KPI also forms the
benchmark for career development at all HC levels.
Khusus untuk penilaian kinerja karyawan, Perseroan
menerapkan Bakrie Performance Contract (“BPC”), Specifically for employee performance evaluation,
sistem penilaian kinerja yang objektif dan terukur the Company has formulated the Bakrie Performance
yang disusun sedemikian rupa untuk mendorong Contract (BPC), an objective, tailored performance
karyawan mencapai objektif yang sudah ditetapkan evaluation system designedto support employees in
sebelumnya. Melalui sistem BPC ini, proses kerja their attainment of previously set goals and targets.
dan kinerja karyawan akan dipantau melalui Through the BPC system, employee work processes
dokumen Position Description, Objective Setting and performance are monitored through Position
dan Performance Review. Kinerja karyawan Description, Objective Setting and Performance
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dinilai dengan mempertimbangkan hasil kerja Review documents. Employee performance is
(KPI) dengan bobot sebesar 80% dan kompetensi evaluated by calculating KPI, weighted 80%,
karyawan dengan bobot sebesar 20%. and Employee Competence, weighted 20%. .
REWARD MANAGEMENT REWARD MANAGEMENT
[SEOJK F.20][GRI 202-1] [SEOJK F.20][GRI 202-1]
Berlandaskan pada semangat membangun etos dan Driven by the spirit of fostering a strong work
budaya kerja yang berorientasi pada kinerja secara ethic and performance-oriented culture, BNBR
konsisten, BNBR telah mengimplementasikan skema has implemented a remuneration scheme
remunerasi berdasarkan prinsip internal fairness based on the principles of internal fairness
dan external competitiveness, serta mendorong and external competitiveness, encouraging
karyawan untuk terus meningkatkan produktivitas. employees to continuously improve productivity.
Perseroan menerapkan kebijakan reward & The Company applies a reward & punishment
punishment sebagai bagian dari komitmen bersama policy as part of its collective commitment
dalam mencapai target yang telah disepakati. to achieving agreed-upon objectives.
Karyawan yang berprestasi diberikan penghargaan High-performing employees are rewarded,
(reward), sedangkan karyawan yang tidak while those who do not meet targets
mencapai target akan dikenakan sanksi are subject to proportional sanctions in
proporsional sesuai ketentuan yang berlaku. accordance with applicable regulations.
Sebagai bagian dari kepatuhan terhadap regulasi As part of its compliance with labor regulations,
ketenagakerjaan, seluruh kebijakan reward the Company’s reward management policy
management di Perseroan mengacu pada peraturan adheres to all applicable laws and consistently
yang berlaku dan senantiasa mematuhi standar meets the regional minimum wage standards in
upah minimum regional di setiap area operasional. all operational areas. The average ratio of entry-
Rata-rata rasio gaji terendah untuk karyawan level employee wages to the local minimum wage
entry level dibandingkan dengan upah minimum is 1.11:1 for both female and male employees.
di masing-masing wilayah operasional adalah
1,11:1 untuk karyawan wanita maupun pria.
KEBIJAKAN PENGELOLAAN SDM
HUMAN CAPITAL MANAGEMENT POLICIES [SEOJK F.18] [SEOJK F.19]
Sebagai perusahaan dengan fokus kegiatan di As a company focused on operations in
bidang manufaktur dan infrastruktur, BNBR terus manufacturing and infrastructure sector, BNBR
berupaya untuk menyempurnakan Kebijakan dan always strives to improve HR Policy and Procedure
Prosedur SDM (KSDM) Perseroan. Perseroan telah (HRP). The Company has regulated Corporate
menata kembali KSDM Perseroan yang mengatur HRP with policies on the following matters:
tentang kebijakan terkait hal-hal berikut:
♦ Perilaku Bisnis ♦ Business Conduct
♦ Organisasi ♦ Organization
♦ Rekrutmen dan Seleksi ♦ Recruitment and Selection
♦ Mutasi antar departemen ♦ Inter-department employee transfer
♦ Mutasi antar perusahaan dalam grup Bakrie ♦ Inter-company in Bakrie group employee transfer
♦ Sistem Penilaian Kinerja ♦ Performance Evaluation System
♦ Pelatihan dan Pengembangan ♦ Training and Development
♦ Kompensasi dan Tunjangan ♦ Compensation and Allowances
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♦ Hubungan Industrial ♦ Industrial Relations
♦ Kesetaraan dan Keberagaman ♦ Equality & Diversity
♦ Hak Asasi Manusia di Tempat Kerja, ♦ Human Rights at the Workplace, including
termasuk menentang segala bentuk praktik opposing all forms of child labor and forced labor
pekerja anak dan pekerja paksa
In order to anticipate business development in
Untuk mengantisipasi perkembangan bisnis the short and long terms, especially with regards
Perseroan baik untuk jangka pendek maupun to the fulfillment of targets related to business
jangka panjang, khususnya dalam mendukung development in manufacturing and infrastructure
pencapaian sasaran pengembangan usaha di sector, the Company has formulated HC
sektor manufaktur dan infrastruktur, maka Perseroan requirement plans, both in terms of people quantity
telah menyusun perencanaan kebutuhan SDM, and people quality, for the next five years.
baik dari sisi jumlah tenaga kerja (people quantity)
tenaga kerja maupun kualitas (people quality) yang PROTECTING AND RESPECTING
diperlukan sampai dengan lima tahun ke depan. HUMAN RIGHTS AT THE WORKPLACE
BNBR upholds the protection and respect toward
MELINDUNGI DAN MENGHORMATI HAK
Human Rights in accordance with the United Nation
ASASI MANUSIA DI TEMPAT KERJA
Declaration of Human Rights at the workplace
BNBR senantiasa menjunjung tinggi perlindungan and in our interaction with our employees and
dan penghormatan terhadap Hak Asasi Manusia workers. In relation to this commitment, the
sesuai dengan United Nation Declaration of Company against the practice of child labor
Human Rights di tempat kerja dan dalam interaksi and forced labor of any kind in our operational
Perseroan dengan para karyawan dan seluruh activities and throughout the supply chain of the
pekerja. Sehubungan dengan hal tersebut, Perseroan company and our subsidiaries. [SEOJK F.19]
menentang praktik pekerja anak dan pekerja
paksa di seluruh operasional perusahaan dan pada EQUAL OPPORTUNITIES
jaringan rantai pasok Perseroan. [SEOJK F.19] FOR ALL [SEOJK F.18]
As part of its Corporate HC management policy,
KESETARAAN KESEMPATAN
BNBR also implements a performance-oriented policy
DALAM BERKARIR [SEOJK F.18]
supported by remuneration and reward schemes
Sebagai bagian dari kebijakan pengelolaan SDM designed to demonstrate recognition of positive
Perusahaan, BNBR juga mengimplementasikan performance among BNBR employees. In accordance
kebijakan performance oriented yang didukung oleh with Law No. 13 of 2003 on Manpower, as amended by
skema remuneration dan reward sebagai bentuk Law No. 6 of 2023 on the Enactment of Government
apresiasi BNBR terhadap pencapaian kinerja positif Regulation in Lieu of Law No. 2 of 2022 on Job
Insan Perusahaan. Sesuai Undang-Undang (UU) No.13 Creation into Law, the Company applies a minimum
Tahun 2003 tentang Ketenagakerjaan sebagaimana age limit of 18 years old. The Company offers equal
telah diubah dengan UU No.6 Tahun 2023 tentang opportunities for every person to be employed,
Penetapan Peraturan Pemerintah Pengganti UU No.2 receive training and develop their career according to
Tahun 2022 tentang Cipta Kerja menjadi Undang- their competencies and performance. The Company
Undang, Perusahaan membatasi usia minimal pekerja also provides equal opportunities for all employees
adalah 18 tahun. Perseroan memberikan kesempatan to develop their career according to business area,
yang sama dan setara kepada semua orang untuk qualifications and knowledge. Employees with the
menjadi pekerja, mengikuti pelatihan dan berkarir relevant qualifications for a certain post may apply
sesuai dengan kompetensi dan kinerjanya. Perseroan and take a series of tests through internal selection.
juga memberikan kesempatan yang sama kepada Vacancies are opened and advertised through
seluruh karyawan untuk berkarir sesuai dengan internal Company media as well as external media,
bidang, kualifikasi dan pengetahuannya. Karyawan including certain social media and daily newspapers.
yang memiliki kesesuaian kualifikasi dengan
pekerjaan tertentu dapat melamar dan mengikuti
serangkaian tes melalui seleksi internal. Lowongan
pekerjaan dibuka dan diumumkan melalui media
internal Perseroan maupun melalui media eksternal,
termasuk media sosial dan harian berita tertentu.
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HUBUNGAN ANTAR EMPLOYEE RELATIONS [GRI 2-30]
KARYAWAN [GRI 2-30] The Company believes that open and harmonious
Perseroan meyakini bahwa penerapan pola working relations and communication in
hubungan dan komunikasi yang harmonis dan work relations are a key factor to support the
terbuka di dalam hubungan kerja, merupakan salah Company in increasing efficiency to achieve
satu faktor yang dapat mendukung Perseroan optimal productivity and performance.
meningkatkan efisiensi menuju pencapaian
produktivitas dan prestasi kerja yang optimal. Improving communication and relations through
integrated development begins with the socialization
Peningkatan hubungan dan komunikasi dilaksanakan of work culture, Company business conduct,
melalui program pembinaan yang terpadu mulai dari Company vision and mission, improving relations
sosialisasi budaya kerja, perilaku bisnis Perseroan, among employees, consistently applying Collective
visi dan misi Perseroan, peningkatan hubungan Labor Agreement (CLA) and developing relations
antar karyawan, konsisten menerapkan Perjanjian with other parties through social and sport activities.
Kerja Bersama (PKB) dan membina hubungan Besides this, the Company also develops good
baik dengan pihak-pihak lain melalui kegiatan relations with government agencies related to
sosial dan olah raga. Selain itu, Perseroan juga employment, as well as business associations and
terus membina hubungan baik dengan dengan other human resource development agencies.
instansi pemerintah di bidang ketenagakerjaan
dan asosiasi pengusaha serta lembaga
pengembangan sumber daya manusia lainnya.
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KOMPOSISI SUMBER DAYA
MANUSIA PERSEROAN
COMPANY HUMAN CAPITAL COMPOSITION [GRI 2-7]
4%
KOM POSISI SU M B ER DAYA MAN USIA
B ERDA SARK AN LE VEL ORGAN ISA SI
HUMAN CAPITAL COMPOSITION BASED
ON ORGANIZATION LEVEL [GRI 2-7]
LEVEL ORGANISASI
2024 2025 %
ORGANIZATIONAL LEVEL
Induk
Holding
119 128 4,0%
Unit Usaha
Subsidiaries
3.216 3.072 96,0%
Total 3.335 3.200 100,0%
96%
0,1% KOM POSISI SU M B ER DAYA MAN USIA
0,2% 0,3% B ERDA SARK AN JABATAN
0,1%1.9%
0,8% HUMAN CAPITAL COMPOSITION
BASED ON POSITION [GRI 2-7]
4.7% JABATAN
2024 2025 %
POSITION
Komisaris Perseroan
Commissioner at Holding
2 5 0,1%
Komisaris Unit Usaha
Commissioner at 8 8 0,2%
28.2% Subsidiaries
Direktur Perseroan
Director at Holding
5 5 0,1%
Direktur Unit Usaha
58,6% Director at Subsidiaries
10 14 0,3%
VP/Senior Manager 63 75 1,9%
Manager & Assistant
Manager
326 349 4,7%
Staff 941 1.274 28,2%
Non-Staff 1.953 1.467 58,6%
Management Trainee 27 5 0,8%
Total 3.335 3.200 100,0%
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KOM POSISI SU M B ER DAYA MAN USIA
0,2% 3,1% B ERDA SARK AN PEN DI DI K AN
1,4% HUMAN CAPITAL COMPOSITION BASED
ON EDUCATION [GRI 2-7]
4,8% TINGKAT PENDIDIKAN
2024 2025 %
EDUCATION LEVEL
S3
23,7% Doctoral Degree
4 5 0,2%
S2
Master Degree
100 100 3,1%
S1
Bachelor Degree
766 759 23,7%
6,2%
Diploma 229 229 6,2%
SMA
60,5% Senior High School
2.035 2.035 60,5%
SMP
Junior High School
155 155 4,8%
SD
Elementary School
46 46 1,4%
Total 3.335 3.200 100,0%
KOM POSISI SU M B ER DAYA MAN USIA B ERDA SARK AN USIA
4,5% HUMAN CAPITAL COMPOSITION BASED
ON AGE GROUP [GRI 2-7]
9,6%
USIA
2024 2025 %
AGE
22,7% 18 - 24 th | y.o 359 307 9,6%
25 – 34 th | y.o 1.010 1.063 33,2%
33,2%
35 - 44 th | y.o 1.174 958 29,9%
45 - 54 th | y.o 699 727 22,7%
29,9% > 55 th | y.o 93 145 4,5%
Total 3.335 3.200 100,0%
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KOM POSISI SU M B ER DAYA MAN USIA
B ERDA SARK AN STATUS KEPEGAWAIAN
17,1% HUMAN CAPITAL COMPOSITION BASED ON
EMPLOYMENT STATUS [GRI 2-7] [GRI 2-8]
STATUS KEPEGAWAIAN
2024 2025 %
EMPLOYMENT STATUS
Tetap
1.649 1.599 50,0%
50% Permanent
Kontrak Langsung
1.317 1.055 33,0%
Direct Contract
33% Alih Daya dan Koperasi
369 546 17,1%
Outsourcing
Total 3.335 3.200 100,0%
10,7% KOM POSISI SU M B ER DAYA MAN USIA
B ERDA SARK AN J EN IS KEL AM I N
HUMAN CAPITAL COMPOSITION BASED ON GENDER [GRI 2-7]
JENIS KELAMIN
2024 2025 %
GENDER
Pria
2.945 2.858 89,3%
Male
Wanita
390 342 10,7%
Female
Total 3.335 3.200 100,0%
89,3%
0,03%
KOM POSISI SU M B ER DAYA MAN USIA
B ERDA SARK AN KE WARGAN EGAR A AN
HUMAN CAPITAL COMPOSITION BASED ON
NATIONALITY [GRI 2-7] [GRI 202-2]
KEWARGANEGARAAN
2024 2025 %
NATIONALITY
WNI
3.333 3.199 99,97%
Indonesian
WNA
2 1 0,03%
Foreigner
Total 3.335 3.200 100,0%
99,97%
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Pada tahun 2025 Perusahaan melanjutkan upaya During 2025 the Company continued its effort of
peningkatan efektivitas strukturnya dengan increasing the company structure effectiveness
mengacu pada rencana bisnisnya. Perusahaan telah according to its business plan. The Company
memastikan bahwa tingkat produktivitasnya tetap has ensured its productivity level will still be
terjaga dan target-target Perusahaan akan tetap maintained and the Company’s goals will
dapat dicapai dengan memastikan pengelolaan still be achieved by ensuring human capital
tenaga kerja yang sesuai dengan dinamika bisnis management that is suitable to the dynamics of
Perusahaan, semua itu dilakukan dengan tetap the Company’s business, all of this is done with
memperhatikan setiap kebijakan dan peraturan due observance of every policy and regulation
yang diterapkan Pemerintah Indonesia. implemented by the Government of Indonesia.
TURNOVER KARYAWAN [GRI 401-1] EMPLOYEE TURNOVER [GRI 401-1]
Sebanyak 517 orang karyawan BNBR dan unit usaha A total of 517 employees of BNBR and subsidiaries
mengundurkan diri dan memasuki masa pensiun, resigned and entered retirement, and 382 new hires
dan sebanyak 382 orang bergabung sebagai joined in 2025. Most of the resigning employees
karyawan baru pada tahun 2025. Sebagian besar are due to completion to their respective projects,
dari karyawan yang mengundurkan diri adalah terkait while new hires were assigned accordingly to
telah selesainya proyek yang ditugaskan kepada BNBR’s business activities. BNBR continuously
mereka, sedangkan karyawan baru ditugaskan manages its turnover rate to ensure it will not
sesuai dengan aktivitas bisnis BNBR. BNBR disrupt the Company’s operational activity, and
senantiasa memastikan tingkat turnover tidak akan BNBR believes its human capital remain highly
mengganggu operasional perusahaan dan BNBR competent and capable as well as highly dedicated.
berkeyakinan bahwa Perseroan masih memiliki BNBR continues to support skill improvement
pegawai yang memiliki kompetensi dan kapabilitas of its employees through implementation of
yang baik serta berdedikasi tinggi. BNBR juga masih various training programs along 2025.
terus mendukung pengembangan kemampuan
para pegawainya melalui berbagai program In 2025, total employees of BNBR and its
pelatihan yang dilaksanakan selama tahun 2025. subsidiaries decreased by 4.05% to 3,200
employees. Composition of total employees of
Pada tahun 2025, jumlah karyawan BNBR dan BNBR and its subsidiaries by end of 2025 consists
anak-anak usahanya turun sebesar 4,05% menjadi of 1,599 permanent employees and 1,601 contract
3.200 pegawai. Komposisi jumlah total karyawan employees including outsourcing. [GRI 2-7][GRI2-8]
BNBR dan anak-anak usahanya pada akhir 2025
terdiri dari 1.599 karyawan tetap dan 1.601 karyawan Of all BNBR and its subsidiaries’ employees,
kontrak termasuk alih daya. [GRI 2-7][GRI2-8] approximately 26% hold bachelor degree or higher,
7% hold diploma degree, and the remaining had
Dari seluruh pegawai BNBR dan anak-anak usahanya, primary education up to senior high school.
sekitar 26% memiliki gelar sarjana atau lebih tinggi, In terms of age, approximately 33% are aged between
7% memiliki gelar pendidikan diploma, dan sisanya 18-34 years, 30% are aged between 35-44 years,
adalah lulusan pendidikan dasar sampai dengan and the remaining are over 45 years old.
SMA. Sementara dari sisi usia, sekitar 33% berusia
di antara 18-34 tahun, 30% berusia di antara 35 -
44 tahun, dan sisanya berusia di atas 45 tahun.
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TI NG K AT TU RNOVER K ARYAWAN B ERDA SARK AN JABATAN: [G RI 401 -1]
EMPLOYEE TURNOVER RATE BY POSITION
Jumlah karyawan yang mengundurkan Jumlah karyawan baru
diri berdasarkan jabatan berdasarkan jabatan
Number of employees who resigned by position Number of new employees by position
JABATAN 2024 2025 2024 2025
Komisaris
0 0 0 3
Commissioner
Direktur
0 0 0 0
Director
VP / Senior Manager 2 3 5 3
Manajer
10 27 14 21
Manager
Asisten Manajer
4 15 17 17
Assistant Manager
Staf
30 103 83 72
Staff
Non-staf
9 369 217 266
Non-staff
Management Trainee 0 0 17 0
TOTAL 55 517 353 382
PENGEMBANGAN KOMPETENSI KARYAWAN
COMPETENCE DEVELOPMENT PROGRAM [SEOJK F.22][GRI 404-2]
Untuk meningkatkan daya saing dan menjamin In order to increase competitiveness and guarantee
keberlangsungan usaha Perseroan meningkatkan the Company’s sustainability, the Company improves
kompetensi dan kapabilitas pekerja melalui employee competencies and capabilities through
penyelenggaraan program pelatihan secara continuous training programs. Training programs
berkesinambungan. Jenis pelatihan yang broadly consist of two types: managerial and
diselenggarakan pada dasarnya terdiri atas dua leadership training programs, and specific skill
kelompok, yakni program pelatihan manajerial dan training programs, using tested methods and curricula
kepemimpinan serta pelatihan di bidang keterampilan and working alongside recognized training agencies.
khusus dengan menggunakan metoda dan kurikulum
yang telah teruji serta bekerja sama dengan Training programs are adjusted to the
lembaga- lembaga pelatihan yang terkemuka. Company’s strategic plans for the future. In
line with the Company’s planned strategic
Adapun materi pelatihan disesuaikan dengan focus on development of business in the
rencana strategis Perseroan di masa mendatang. real sector, especially in manufacturing and
Selaras dengan inisiatif strategis Perseroan yang infrastructure, training programs in 2025 were
akan lebih fokus mengembangkan usaha di sektor focused on technical and functional abilities.
riil, terutama sektor manufaktur dan infrastruktur,
materi pelatihan di tahun 2025 lebih banyak berkaitan In 2025, BNBR group held training programs for a
dengan kemampuan teknis dan fungsional. total of 1,781 employees from various departments
within the Company and its subsidiaries with
Sepanjang tahun 2025, grup BNBR telah total cost as much as Rp1,534,480,661, which
menyelenggarakan pelatihan bagi total 1,781 orang covered internal and external trainings, including
pekerja dari berbagai departemen di Perseroan certification programs for the employees.
dan unit-unit usahanya dengan total biaya sebesar
Rp1.534.480.661, yang mencakup pelatihan internal,
eksternal, serta program sertifikasi bagi karyawan.
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PROGRAM DAN BIAYA PELATIHAN SDM
HUMAN CAPITAL TRAINING PROGRAM AND COSTS
BIAYA PELATIHAN
JABATAN PESERTA PELATIHAN JUMLAH PESERTA
TRAINING COST
POSITION OF PARTICIPANTS NUMBER OF PARTICIPANTS
(RUPIAH)
Komisaris | Commissioner - -
Direktur | Director 2 26.500.000
VP/Senior Manager 23 69.876.000
Manager 122 163.317.823
Assistant Manager 126 123.562.357
Supervisor 101 22.973.000
Staff 773 425.306.629
Non-Staff 592 689.495.041
Management Trainee 42 13.449.811
Total 1.781 1.534.480.661
BIAYA PELATIHAN
JENIS PELATIHAN JUMLAH PESERTA
TRAINING COST
TYPE OF TRAINING NUMBER OF PARTICIPANTS
(RUPIAH)
Pelatihan Manajemen dan Kepemimpinan
86 126.955.000
Management and Leadership Training
Pelatihan Pengembangan Kemampuan
Fungsional (Finance, HC, Marketing, Operation,
Legal) 1.121 1.072.877.661
Functional Competence Development Training
(Finance, HC, Marketing, Operation, Legal)
Pelatihan Terkait ISO dan Continuous
Improvement
518 278.648.000
ISO and Continuous Improvement
Related Training
Pelatihan Dasar Tata Nilai Perusahaan
56 56.000.000
Basic Training on Corporate Values
Total 1.781 1.534.480.661
BIAYA PELATIHAN
TARGET KETERAMPILAN JUMLAH PESERTA
TRAINING COST
TARGETED SKILL NUMBER OF PARTICIPANTS
(RUPIAH)
Hard Skill 834 897.103.750
Soft Skill 947 637.376.911
Total 1.781 1.534.480.661
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BIAYA PELATIHAN
DEPARTEMEN PESERTA JUMLAH PESERTA
TRAINING COST
DEPARTMENT OF PARTICIPANTS NUMBER OF PARTICIPANTS
(RUPIAH)
Accounting & Finance 66 56.149.811
HC 98 109.173.600
Sales & Commercial 62 62.800.000
IT, Legal Risk 77 15.443.500
Supporting 87 43.800.000
Operations 1212 1.157.578.750
Lainnya | Others 179 89.535.000
Total 1.781 1.534.480.661
BAKRIE TALENT MANAGEMENT BAKRIE TALENT MANAGEMENT
PROGRAM [SEOJK F.22][GRI 404-2] PROGRAM [SEOJK F.22][GRI 404-2]
Melalui Bakrie Learning Center (“BLC”), Perseroan Through the Bakrie Learning Center (BLC), the
telah menyusun sistem Pengelolaan Talenta Company has formulated a Talent Management system
(Talent Management) sebagai program jangka as a long-term sustainable program aiming to ensure
panjang dan berkelanjutan dalam rangka menjamin a balanced leadership in line with the Company’s
kesinambungan kepemimpinan sesuai dengan business development. The stages of the Company’s
perkembangan bisnis Perseroan. Secara garis talent management system can be outlined as follows:
besar sistem pengelolaan Talenta di Perseroan
dilaksanakan melalui tahapan sebagai berikut: ♦ Talent assessment and identification
♦ Implementation of the Bakrie Succession Plan
♦ Proses identifikasi dan asesmen talenta
♦ Implementation of the Bakrie
♦ Penerapan sistem Kaderisasi Kepemimpinan Leadership Development Program
Bakrie (Bakrie Succession Plan)
♦ Formulation and socialization of the
♦ Pengembangan program Kepempinan talenta Bakrie values, or Trimatra Bakrie
melalui Bakrie Leadership Development Program
♦ Carrying out of Bakrie Engagement Programs
♦ Memformulasikan dan sosialiasi nilai-
nilai Bakrie yaitu Trimatra Bakrie
♦ Menjalankan Bakrie Engagement Programs The Company is committed to offering the widest
possible opportunities to employees with integrity,
professionalism, entrepreneur spirit and motivation
Perseroan berkomitmen memberikan kesempatan to develop their careers across the Company’s
seluas-luasnya kepada karyawan yang memiliki business units. The above programs are carried
integritas, profesional, berjiwa kewirausahaan out by the Company through assignments with
dan motivasi untuk mengembangkan karir di the development of new business, rotation,
seluruh unit usaha Perseroan. Program tersebut promotion and participation in internal and
dilaksanakan Perseroan melalui penugasan dalam external training programs. The Company’s career
mengembangkan usaha baru, rotasi, promosi maupun development philosophy emphasizes “promotion
partisipasi dalam pelaksanaan pelatihan yang from within”, allowing a smooth regeneration of
dilaksanakan secara internal atau eksternal. Filosofi leadership within all Company business units.
pengembangan karir Perseroan adalah melaksanakan
pengembangan dengan prioritas ‘promosi dari
dalam’ sehingga kaderisasi pimpinan di seluruh unit
usaha Perseroan dapat berjalan dengan baik.
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PROGRAM PENGEMBANGAN BAKRIE LEADERSHIP DEVELOPMENT
KEPEMIMPINAN BAKRIE PROGRAM [SEOJK F.22][GRI 404-2]
[SEOJK F.22][GRI 404-2] The Company collaborates with Bakrie Learning
Perseroan bekerjasama dengan Bakrie Learning Center (BLC) to develop a leadership development
Center (BLC) dalam membangun sistem system for every level in the Company’s organization
pengembangan kepemimpinan untuk setiap tingkatan from entry level to executive level through a
di dalam organisasi Perusahaan melalui program program called Bakrie Leadership Journey.
yang disebut dengan Bakrie Leadership Journey.
Bakrie Leadership Journey is a tiered and structured
Bakrie Leadership Journey adalah program leadership development program carried out in the
pengembangan kepemimpinan berjenjang dan Bakrie Group environment to prepare cadres of
terstruktur yang dilakukan di lingkungan Grup future leaders in the Bakrie Group environment and
Bakrie guna menyiapkan kader-kader pemimpin specifically to ensure the business continuity of the
masa depan di lingkungan Grup Bakrie serta BNBR Group, based on established competency
khususnya guna menjamin keberlanjutan usaha and performance standards. The development
Grup BNBR, berdasarkan standar kompetensi program framework for the Bakrie Leadership
dan kinerja yang telah ditetapkan. Journey is carried out by considering several aspects
such as competence and performance that lead to
Penyusunan rangka program pengembangan untuk the formation of a talent pool and career path.
Bakrie Leadership Journey dilakukan dengan
mempertimbangkan beberapa aspek diantaranya, At the Bakrie Career Management stage individual
kompetensi dan kinerja yang mengarah kepada identification is carried out in every functions of the
pembentukan talent pool dan jenjang karir. Company to plan the succession and regeneration
plan. Those individuals will undergo competency
Pada tahapan Bakrie Career Management dilakukan mapping at the Bakrie Competency Management
pengidentifikasian individu pada setiap fungsi di stage, therefore the Company can plan their
Perusahaan untuk perencanaan proses suksesi competency development according to Company’s
dan regenerasi. Selanjutnya para individu tersebut needs. Aside from competency mapping, each
akan dipetakan kompetensinya pada Bakrie individual’s performance is also monitored at the
Competency Management, sehingga Perusahaan Bakrie Performance Management stage to provide
dapat merencanakan pengembangan kompetensi considerations for the Company to include them in
mereka sesuai dengan kebutuhan Perusahaan. the talent pool at the Bakrie Talent Management.
Selain pemetaan kompetensi, setiap individu juga This process is carried out on an ongoing basis
dipantau kinerjanya pada tahapan Bakrie Performance by continuing to instill the corporate culture called
Management, untuk selanjutnya menjadi bahan Trimatra Bakrie, so that the Company can continue
pertimbangan bagi Perusahaan untuk memasukkan to identify potential talents within the Company.
mereka ke dalam talent pool di dalam Bakrie
Talent Management. Proses ini dilakukan secara Based on this, the program levels are
berkesinambungan dengan terus menanamkan arranged starting from the entry level
budaya Perusahaan yang disebut Trimatra Bakrie, to the executive level, namely:
sehingga Perusahaan dapat terus mengidentifikasi
talenta-talenta berpotensi di dalam Perusahaan. 1. Bakrie Future Leader Development Program
(BFLDP)
Berdasarkan hal tersebut, maka tersusun The objective of this program is to prepare the
jenjang program mulai dari entry level company’s future leader. Through this program,
sampai dengan executive level, yaitu : employees are expected to understand the whole
aspects of company’s culture, vision, mission, and
1. Bakrie Future Leader Development Program also the business run by the company. At the end,
(BFLDP) the graduates from this program are expected to
Tujuan program ini adalah menyiapkan pemimpin be ready to hold any position within company.
Perusahaan di masa depan. Melalui program
ini, para karyawan diharapkan untuk memahami
aspek budaya, visi, misi dan bisnis yang dijalankan
Perusahaan secara menyeluruh. Lulusan program
ini diharapkan siap mengisi posisi apa pun di
dalam Perusahaan.
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BA KR I E BA KR I E
TA LE NT CAREER
M A N AG E M E NT M A N AG E M E NT
CEO
BEDP
TR
IE
KR
IM
BGMDP
BA
AT
RA
RA
BMMDP
BA
AT
KR
IM
TR
IE
BBMDP
BBIP
T R I M AT R A B A K R I E
BAKRIE
LEADERSHIP
JOURNEY
BA KR I E BA KR I E
PE R FO R M A N C E CO M PE TE N CY
M A N AG E M E NT M A N AG E M E NT
2. Bakrie Basic Induction Program (BBIP) 2. Bakrie Basic Induction Program (BBIP)
Tujuan program ini adalah memberikan The objective of this program is to introduce
pengenalan tentang budaya, visi dan misi company’s culture, vision and mission to new
Perusahaan kepada karyawan baru. Melalui employee. Through this program, employees
program ini, para karyawan diharapkan memiliki are expected to understand deeply about their
pemahaman mendalam tentang lingkungan kerja working environment, and at the end they could
mereka, serta mampu berkontribusi terhadap contribute to company’s target and achievement.
target dan pencapaian Perusahaan.
3. Bakrie Basic Management Development
3. Bakrie Basic Management Development Program (BBMDP)
Program (BBMDP) The objective of this program are to equip
Tujuan program ini adalah membekali karyawan employees with knowledge and ability to lead
dengan pengetahuan dan kemampuan untuk their self, manage tasks effectively, and also lead
memimpin diri mereka sendiri, mengelola tugas- small number of working team within Department
tugas secara efektif, dan juga memimpin tim kerja or Division. Through this program, employees
berukuran kecil di dalam Departemen atau Divisi are expected to be able to manage their team in
mereka. Melalui program ini, para karyawan order to achieve company’s target and goals.
diharapkan mampu mengelola tim mereka untuk
mencapai target dan sasaran Perusahaan.
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4. Bakrie Middle Management Development 4. Bakrie Middle Management Development
Program (BMMDP) Program (BMMDP)
Tujuan program ini adalah meningkatkan The objective of this program is enhancing
kemampuan kepemimpinan interpersonal guna interpersonal leadership abilities to optimize team
mengoptimalkan kinerja tim, mengontrol proses performance, to control processes effectively as
secara efektif, serta menghasilkan pemimpin- well as create leaders who can build / plan new
pemimpin yang dapat membangun/merencanakan ideas and strategies into action plans.
ide dan strategi baru menjadi rencana aksi.
5. Bakrie General Management Development
5. Bakrie General Management Development Program (BGMDP)
Program (BGMDP) The objective of this program are to improve
Tujuan program ini adalah untuk meningkatkan competency in managing cross-functional
kompetensi dalam mengelola tanggung jawab responsibilities, provide a more integrated and
lintas fungsi, menyediakan pandangan yang lebih multidisciplinary view of strategy and leadership,
terintegrasi dan multidisiplin terhadap strategi as well as developing ambidextrous capabilities
dan kepemimpinan, serta mengembangkan and increasing entrepreneurial spirit to build
kemampuan ambidextrous dan meningkatkan company’s competitive advantage.
semangat kewirausahaan untuk membangun
keunggulan kompetitif Perusahaan. 6. Bakrie Executive Development Program (BEDP)
This program is a strategic competencies
6. Bakrie Executive Development Program (BEDP) development program for top level management
Program ini merupakan program peningkatan or candidate for top level management.
kompetensi strategis manajemen tingkat atas The objective of this program are to equip
atau kandidat manajemen tingkat atas. Tujuan company’s leader to have a broader global
program ini adalah membekali pemimpin mindset, identify and assess challenges/
Perusahaan dengan pola pikir yang lebih luas, risks, motivate and mobilize human capital as
mengidentifikasi dan mengkaji tantangan/ a source of company’s competitive advantage
risiko, memotivasi dan menggerakkan sumber also improving intrapreneurship capability
daya manusia sebagai modal keunggulan so as to be able to think more creatively
kompetitif Perusahaan serta mengembangkan and innovatively in designing strategies.
kapabilitas kewirausahaan korporasi
(intrapreneurship) agar mampu berpikir lebih
kreatif dan inovatif dalam merancang strategi.
Pada tahun 2025 BLC mengadakan In 2025 BLC carried out competence development
pelatihan pengembangan kompetensi bagi training of middle management employees
karyawan tingkat middle management (Manager Level) for 25 participants.
(Level Manager) untuk 25 peserta.
The leadership development program in the Bakrie
Program pengembangan kepemimpinan di Group always emphasize the culture of the Company
Grup Bakrie senantiasa menekankan budaya and is also equipped with functional skills training
Perusahaan dan juga dilengkapi dengan pelatihan for individuals whose competencies have been
kemampuan fungsional bagi para individu yang telah mapped. The training planning is carried out in
dipetakan kompetensinya. Perencanaan pelatihan accordance with the needs of the Company, and also
tersebut dilakukan sesuai dengan kebutuhan by taking into account the needs of employees while
Perusahaan, dan juga dengan memperhatikan working in the Bakrie Group and after retirement.
kebutuhan karyawan saat bekerja di Grup
Bakrie dan setelah memasuki masa pensiun. Functional development training is given to
employees in accordance with their line of
Pelatihan pengembangan kemampuan fungsional work, but the Bakrie Group also does not close
diberikan kepada karyawan sesuai dengan bidang opportunities for cross-cutting training.
pekerjaan mereka, namun Grup Bakrie juga tidak
menutup kesempatan bagi pelatihan lintas bidang.
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PENGEMBANGAN BUDAYA DEVELOPMENT OF CORPORATE
KERJA PERUSAHAAN WORK CULTURE
BNBR meyakini bahwa pencapaian kinerja BNBR believes that the Company’s performance
Perseroan sangat ditentukan oleh pencapaian relies very much on individual performance
kinerja individu di dalam organisasi Perseroan. within the Company organization. Individual
Pencapaian kinerja individu karyawan, di lain pihak employee performance, meanwhile, is heavily
sangat dipengaruhi oleh nilai-nilai dan sikap kerja affected by employee values and character,
Karyawan yang dapat menjadi cerminan budaya which reflect Company culture. For this reason,
perusahaan. Oleh karenanya Perseroan secara the Company strives consistently to develop
konsisten berupaya membangun, menumbuhkan, and grow a work culture in line with the ideals
dan mengembangkan budaya kerja yang sesuai and goals of the Company’s founders.
dengan cita-cita dan tujuan para pendiri perusahaan.
The Company’s values and culture can broadly be
Secara umum nilai dan budaya Perseroan described as a consistent drive to increase value for
digambarkan sebagai upaya yang konsisten dalam shareholders and stakeholders through business
memberikan nilai tambah kepada pemegang activities that honor the Bakrie Trimatra values:
saham maupun pemangku kepentingan melalui Indonesian-ness, Usefulness and Togetherness.
aktivitas bisnis yang menjunjung tinggi nilai yang
disebut Trimatra Bakrie yaitu Ke-Indonesiaan, PREPARATION FOR RETIREMENT
Kemanfaatan dan Kebersamaan. TRAINING [SEOJK F.22] [GRI 404-2]
BNBR does not pay any less attention to those
PELATIHAN MASA PERSIAPAN
employees close to retirement age and those who
PENSIUN [SEOJK F.22] [GRI 404-2]
chose for early retirement. According to the CLA, the
Perseroan memberi perhatian kepada para karyawan age of retirement is 56 years. In order to guarantee
hingga yang bersangkutan akan memasuki masa continued prosperity post-retirement, the Company
pensiun dan pensiun dipercepat (pensiun dini), includes all employees in a Pension scheme.
tidak hanya saat masih aktif bekerja. Sesuai
dengan PKB, usia pensiun pekerja adalah 56 tahun. The Company has a training program with
Dalam rangka menjamin kesejahteraan hingga topics that include mental preparation and
saat purna tugas, Perseroan mengikutsertakan entrepreneurial planning for employees who retire
seluruh Pekerja dalam Program Pensiun. and retire early. This training consists of a series
of events which covers presentation from relevant
Perseroan memiliki program pelatihan dengan resources, workshop, and sharing session.
topik yang mencakup antara lain persiapan mental
dan perencanaan wirausaha bagi para karyawan
pensiun dan pensiun dini. Program ini bertujuan
memberi pembekalan bagi para karyawan yang
akan memasuki masa pensiun terdiri dari beberapa
rangkaian acara meliputi presentasi dari nara sumber
yang relevan, workshop serta sharing session.
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KESEJAHTERAAN KARYAWAN
EMPLOYEE WELFARE [SEOJK F.20][GRI 401-2]
Sebagai bentuk dari komitmen Perseroan yang As part of the Company’s commitment to treat
menempatkan SDM sebagai aset utama sekaligus Human Capital as a key asset and a strategic
mitra strategis dalam mengembangkan usaha, partner in business development, BNBR strives to
BNBR berupaya meningkatkan kesejahteraan increase employee welfare through the provision
karyawan dengan menyediakan beragam fasilitas of various welfare facilities which cover programs
kesejahteraan baik yang sifatnya normatif/ wajib that are mandatory such as national social security
seperti keikutsertaan di dalam program BPJS (BPJS Ketenagakerjaan - Jamsostek) and national
Ketenagakerjaan (Jamsostek) dan BPJS Kesehatan health care security (BPJS Kesehatan – Jaminan
(Jaminan Kesehatan Nasional) dan fasilitas Kesehatan Nasional), as well as additional welfare
kesejahteraan lainnya yang sifatnya kebijakan facilities per Company policy such as education grant
tambahan Perusahaan berupa bantuan pendidikan for employee class, medication aid, work tenure
untuk kelas karyawan, bantuan pengobatan, award, appointment of model employee, employee
penghargaan masa kerja, pemilihan karyawan cooperative, health clinics, canteen, education
teladan, koperasi karyawan, klinik kesehatan, kantin, grant for high-achieving children of employees and
bantuan pendidikan untuk pelajar berprestasi yang recreational and sporting events for all employees.
merupakan anak dari karyawan, rekreasi dan olah These programs are implemented in the belief that
raga bagi seluruh karyawannya. Seluruh fasilitas decent employee prosperity, competitive compared
tersebut disediakan dengan keyakinan bahwa dengan with other companies in the same industry, will
tingkat kesejahteraan yang memadai dan bersaing lead employees to concentrate on their work and
dibandingkan industri sejenis, akan mendukung give their best for the Company, which will ensure
para karyawan untuk dapat berkonsentrasi dalam progress for themselves and those around them.
berkarya, memberikan kemampuan terbaiknya
bagi kemajuan perusahaan, yang tentunya berarti The Company also strives to develop organizational
kemajuan bagi dirinya dan lingkungan sekitar. cooperation, optimizing employee performance
through BNBR Employee Cooperative. This program
Perseroan juga berupaya memberikan pembinaan covers BNBR’s operations in the areas of retail,
untuk pengembangan organisasi koperasi sehingga provision of nine staple commodities, savings
dapat secara optimal membantu kebutuhan and loans, and office stationery provision.
karyawan melalui Koperasi Karyawan (Kopkar)
BNBR. Saat ini usaha kopkar BNBR meliputi We can report that BNBR and all subsidiaries
usaha di bidang pertokoan, penyediaan sembako, are always comply with the regional
simpan pinjam dan penyediaan alat tulis kantor. standar minimum wage at each operational
area. [SEOJK F.20][GRI 202-2]
Dapat kami laporkan, standar upah minimum
di BNBR dan seluruh operasional kami sesuai
dengan peraturan standar minimum upah
regional (UMR). [SEOJK F.20][GRI 202-2]
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LAPORAN >
PELAKSANAAN
TATA KELOLA
PERUSAHAAN
CORPORATE GOVERNANCE
IMPLEMENTATION REPORT
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Penerapan prinsip-prinsip Tata Kelola Perusahaan yang bermutu akan
mendukung peningkatan kinerja Perseroan melalui terciptanya proses
pengambilan keputusan yang lebih baik, peningkatan efisiensi operasional,
serta peningkatan pelayanan kepada pemangku kepentingan Perseroan
The excellent implementation of Corporate Governance principles will
support the Company’s performance improvement through the creation
of better decision-making process, operations efficiency enhancement,
as well as service improvement to the Company’s stakeholders
Memahami pentingnya Tata Kelola Perusahaan With full awareness of the importance of Good
yang baik (GCG), BNBR berkomitmen untuk Corporate Governance (GCG), BNBR is committed
terus meningkatkan kualitas penerapan GCG to continue enhancing the quality of its GCG
secara konsisten dan berkesinambungan implementation consistently and continuously in line
yang sejalan dengan nilai-nilai yang dianut with the Corporate values. BNBR refers to the best
Perseroan. BNBR mengacu pada praktik terbaik practices in determining the Company’s business
dalam penetapan proses bisnis, pengendalian process, control and standard operating procedures.
dan prosedur operasi standar Perseroan.
The excellent implementation of GCG principles
Penerapan prinsip-prinsip GCG yang bermutu will propel the improvement of the Company’s
akan mendukung peningkatan kinerja Perseroan performance through the creation of better decision-
melalui terciptanya proses pengambilan keputusan making, operations efficiency enhancement,
yang lebih baik, peningkatan efisiensi operasional, and service improvement to the Company’s
serta peningkatan pelayanan kepada pemangku stakeholders. BNBR believes that the enforcement
kepentingan Perseroan. BNBR juga meyakini of high integrity through code of conduct and the
bahwa pembentukan integritas tinggi melalui Company’s corporate culture will provide maximum
kode etik dan nilai-nilai budaya Perseroan akan results in achieving the Company’s business
semakin memberikan hasil yang maksimal dalam objectives. GCG principles are implemented
mencapai tujuan bisnis Perseroan. Prinsip-prinsip through a framework that includes governance
GCG diimplementasikan melalui sebuah kerangka relationships between GCG organs, relations with
kerja yang mencakup tata hubungan antar organ- the shareholders and stakeholders, to ensure
organ GCG, hubungan dengan pemegang saham harmonious balance between the performance
serta dengan pemangku kepentingan, untuk achievement and business sustainability.
memastikan keseimbangan yang harmonis antara
pencapaian kinerja dengan keberlanjutan usaha.
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TUJUAN DAN KOMITMEN PENERAPAN
TATA KELOLA PERUSAHAAN
OBJECTIVES AND COMMITMENT OF CORPORATE
GOVERNANCE IMPLEMENTATION
Implementasi GCG di BNBR adalah sebagai salah satu GCG implementation in BNBR is a real
wujud nyata kepatuhan Perseroan terhadap regulasi manifestation of the Company’s compliance
bisnis di Indonesia, yaitu sesuai dengan ketentuan towards business regulations in Indonesia, namely
Tata Kelola Perusahaan yang Baik, yang diatur dalam in accordance with Good Corporate Governance
UU No. 40 tahun 2007 Tentang Perseroan Terbatas. regulation, stipulated in the Laws No. 40 year
2007 Regarding Limited Liability Company.
Bagi Perseroan, Tata Kelola Perusahaan yang
dijalankan dengan baik akan memperoleh manfaat For the Company, Good Corporate Governance
nyata dan terukur bagi Perseroan, pemegang saham will provide real benefit and good measurement
dan pemangku kepentingan. Tujuan penerapan for the Company, shareholders and
GCG di Perseroan dijelaskan sebagai berikut: stakeholders. The following are the objectives
of GCG implementation in the Company:
1. Meningkatkan dan menjaga kepercayaan
investor, kreditur dan pemegang saham 1. To enhance and maintain the trust of
Perseroan, melalui pelaksanaan RUPS, investors, creditors and shareholders of
pelaporan kinerja dan pencapaian Perseroan. the Company, through GMS, performance
2. Mengoptimalkan pengelolaan Perseroan, melalui reporting and the Company’s achievement.
penetapan pedoman kerja dan mendorong 2. To optimize the Company’s management, through
efektifitas kerja di semua elemen Perseroan. the stipulation of work charter and to encourage
3. Memperjelas tugas dan kewajiban, fungsi work effectiveness in all the Company’s elements.
serta wewenang masing-masing Organ 3. To clarify the duties and obligations, functions
Perseroan, demi tercipta harmonisasi gerak and authorities of each of the Company’s
dalam berkinerja dan mendukung proses Organ, to create a harmonious performance
pengambilan keputusan yang lebih baik. and support better decision-making.
4. Menjaga Kepatuhan Perseroan terhadap 4. To maintain the Company’s Compliance
peraturan perundang-undangan yang towards the prevailing laws and regulations,
berlaku, sebagai bentuk kesadaran Perseroan as a mean of the Company’s awareness
sebagai warga korporasi yang baik. as a good corporate citizen.
5. Meningkatkan profesionalisme Sumber 5. To enhance Human Resource professionalism
Daya Manusia di Perseroan, sehingga in the Company, so as to support the company’s
mendorong peningkatan kompetensi operations competence improvement.
operasional sebagai perusahaan. 6. To protect the interest of shareholders and
6. Melindungi kepentingan pemegang saham stakeholders, by ensuring the discipline in
dan pemangku kepentingan, dengan the company’s management, securing the
memastikan ketertiban jalannya pengelolaan assets and corporate values sustainably.
perusahaan, mengamankan aset dan nilai 7. To improve and maintain the Company’s
nilai perusahaan secara berkelanjutan. reputation, through good public
7. Meningkatkan dan menjaga reputasi Perseroan, communication, the fulfillment of information
melalui komunikasi publik yang baik, pemenuhan transparency aspects, and implementation
aspek transparansi informasi, serta menjalankan of corporate social responsibility.
tanggung jawab sosial perusahaan.
Based on the above objectives, the Company
Dengan mengacu pada tujuan di atas, Perseroan is committed to place GCG as the referral in the
berkomitmen untuk menjadikan GCG sebagai management of business activities. The Company
acuan dari setiap kegiatan usaha. Perseroan juga also strives to place the governance as the
terus berupaya menjadikan tata kelola sebagai mutual responsibility, and conformity towards
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bagian dari tanggung jawab bersama, serta governance principles to be embedded in the
menjadikan ketaatan terhadap prinsip-prinsip day-to-day conduct of all BNBR’s employees.
tata kelola sebagai budaya yang terwujud dalam
perilaku sehari hari bagi semua karyawan BNBR.
KERANGKA KERJA TATA KELOLA PERUSAHAAN
GOOD CORPORATE GOVERNANCE WORK STRUCTURE [GRI 2-9]
Perseroan membangun Kerangka Kerja dan Roadmap The Company developed Good Corporate
Tata Kelola Perusahaan guna memastikan bahwa Governance Work Structure and Roadmap in order
pembangunan dan implementasi Tata Kelola Perseroan to ensure development and implementation of
disusun berdasarkan kesepahaman bersama antara Good Corporate Governance are carried out based
manajemen dengan seluruh organ perusahaan on mutual understanding between management
serta terinternalisasi berdasarkan empat pilar utama and every company organ, as well as embedded
tata kelola Perseroan, yaitu Komitmen, Struktur, based on four main pillars of Good Corporate
Struktur Lunak/Mekanisme/Sistem & Prosedur, Governance, that are Commitment, Structure,
serta Aktivitas Pelaporan dan Pengendalian. Soft Structure/Mechanism/System & Procedure,
as well as Report and Control Activities.
A. Komitmen
A. Commitment
Komitmen Perseroan dalam membangun dan
mengimplementasikan tata kelola tercermin Company commitment in developing and implementing
dari pengelolaan perusahaan yang sejalan corporate governance are visible through company
dengan visi dan misi, nilai budaya – Trimatra management that is in line with its vision and
Bakrie dan nilai dasar (core value), etika bisnis mission, corporate culture – Trimatra Bakrie and core
(yang tercermin dari pedoman kode etik, pakta value, business ethics (as shown by code of ethics
integritas, dan kebijakan perilaku bisnis) serta guidance, integrity pact and business conduct policy)
kepatuhan terhadap regulasi yang berlaku. as well as adherence to prevailing regulations.
B. Struktur B. Structure
Struktur tata kelola perusahaan didukung Corporate governance structure is supported
oleh organ utama dan organ pendukung by main and supporting organ of the
Perseroan sehingga implementasi tata kelola Company, enabling execution of good
perusahaan yang baik dapat terlaksana. corporate governance implementation.
C. Struktur Lunak/Mekanisme/ C. Soft Structure/Mechanism/
Sistem & Prosedur System & Procedure
Struktur lunak Perseroan terdiri dari pedoman Company soft structure consists of guidance
yang terdiri dari sistem dan prosedur/kebijakan formulated from the company system and procedure
dan prosedur serta budaya perusahaan. / policy and procedure as well as culture.
D. Pelaporan dan Pengendalian D. Report and Control
Aktivitas pelaporan dan pengendalian Perseroan Company report and control activities on
atas implementasi tata kelola perusahaan yang baik good corporate governance implementation
(Good Corporate Governance/GCG) yang meliputi: include the following things:
♦ Aktivitas pengendalian internal dilakukan di ♦ Internal control activities carried out in every
setiap proses dan transaksi Perseroan. Company process and transaction.
♦ Pelaporan dan asesmen/penilaian terhadap ♦ Report as well as internal and external
prinsip-prinsip tata kelola perusahaan yang assessment on good corporate governance
baik (GCG) dan telah sejalan dengan prinsip- principles and in line with GCG principles
prinsip GCG (ETAK - Etika (Perilaku Beretika), (ETAK - Ethics (Ethical Behavior), Transparency,
Transparansi, Akuntabilitas, dan Keberlanjutan) Accountability, and Sustainability).
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Empat pilar utama tersebut merupakan Those four main pillars are the process the
proses yang akan dilalui oleh Perseroan Company will undergo in order to implement
dalam rangka mengimplementasikan GCG GCG with business sustainability as its goal.
di Perseroan untuk mencapai keberlanjutan
usaha (business sustainability). The Good Corporate Governance Work
Structure is as follows: [GRI 2-11]
Kerangka Kerja Tata Kelola Perseroan tersebut
adalah sebagai berikut: [GRI 2-11]
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KERANGKA KERJA TATA KELOLA
PERSEROAN PT BAKRIE BROTHERS TBK
GOOD CORPORATE GOVERNANCE STRUCTURE PT BAKRIE BROTHERS TBK
[GRI 2-9] [GRI 2-11]
KO M I T M E N | C O M M I T M E N T
VISI & MISI | VISION & MISSION
NILAI | ETIKA | REGULASI | VALUE | ETHIC | REGULATION
STRUKTUR | STRUCTURE
ORGAN UTAMA | STRUCTURE MAIN ORGAN ORGAN PENDUKUNG | SUPPORTING ORGAN
• Rapat Umum Pemegang Saham | • Komite Audit | Audit Committee
General Meeting of Shareholders • Komite Nominasi & Remunerasi | Nomination
• Dewan Komisaris | Board of Commisioners & Remuneration Committee
• Direksi | Board of Directors • Komite Investasi & Manajemen Risiko | Investment
& Risk Management Committee
• Komite Tata Kelola Perusahaan | Corporate Governance Committee
• Sekretaris Perusahaan | Corporate Secretary
• Corporate Internal Audit | Corporate Internal Audit
S T R U K T U R LU N A K / M E K A N I S M E S I S T E M & P R O S E D U R |
S O F T S T R U C T U R E / M E C H A N I S M / SY S T E M & P R O C E D U R E SY S T E M
SISTEM & PROSEDUR | SYSTEM & PROCEDURE BUDAYA PERUSAHAAN |
• Pedoman Dewan Komisaris & Direksi | Board Manual CORPORATE CULTURE
• Pedoman Tata Kelola Perusahaan | Corporate Governance Manual • Trimatra Bakrie
• Piagam Komite Pendukung Dewan Komisaris: Piagam Komite Audit, • Nilai Dasar | Core Value
Piagam Komite Investasi & Manajemen Risiko, Piagam Komite Tata Kelola • Pakta Integritas | Integrity Pact
Perusahaan, Piagam Komite Nominasi & Remunerasi | Committees under • Kode Etik | Code of Ethic
Board of Commissioners Charter: Audit Committee Charter, Investment • Kebijakan Perilaku Bisnis | Code
& Risk Management Committee Charter, Corporate Governance of Business Conduct
Committee Charter, Nomination & Remuneration Committee Charter
• Piagam Komite Pendukung Direksi: Piagam Komite Etik & Kepatuhan | Committee
under Board of Directors Charter: Ethics & Compliance Committee Charter
• Piagam Internal Audit | Internal Audit Charter
• Piagam Kepatuhan | Compliance Charter
• Kebijakan & Prosedur Perusahaan | Corporate’s Policies & Procedures
P E L A P O R A N & P E N G E N DA L I A N | R E P O RT & C O N T R O L
1 PELAPORAN &
ASESMEN TATA KELOLA 2 SISTEM PENGENDALIAN
INTERNAL PERUSAHAAN 3 PRINSIP-PRINSIP TATA
KELOLA PERUSAHAAN
PERUSAHAAN - INTERNAL INTERNAL CONTROL GOOD CORPORATE
& EKSTERNAL SYSTEM GOVERNANCE PRINCIPLES
GOOD CORPORATE • Perilaku Beretika | Ethic
GOVERNANCE REPORTING • Transparansi | Transparency
AND ASSESSMENT – • Akuntabilitas | Accountability
• Keberlanjutan | Sustainability
INTERNAL & EXTERNAL
K E B E R L A N J U TA N U S A H A | B U S I N E S S S U S TA I N A B I L I T Y
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PETA JALAN IMPLEMENTASI GCG
GCG IMPLEMENTATION ROADMAP
2013-2014 2015-2016
• Piagam Audit. • Pemantapan kerangka kerja Corporate
• Pengkajian Committee Charter. Internal Audit, Manajemen Risiko, Human
Resources Management.
• Penyempurnaan Kebijakan & Prosedur.
• Pengkajian Board Manual dan Corporate
• Menjadikan pengelolaan risiko sebaga budaya
Governance Manual.
yang melekat hingga ke Unit Usaha.
• Menjadikan pengelolaan risiko sebagai
• Pengkajian Roadmap GCG disesuaikan dengan
budaya yang melekat hingga ke Unit Usaha.
Roadmap GCG OJK.
• Tetap berkomitmen untuk melakukan
• Pemantapan kerangka kerja Corporate Internal
asesmen GCG secara independen hingga ke
Audit, Manajemen Risiko, Human Resources
Unit Usaha yang terkonsolidasi.
Management.
• Kebijakan & Prosedur Antifraud dan
• Mengangkat Komisaris Independen dan Direktur
Penerimaan Gratifikasi.
Independen.
• Penerapan ASEAN CG Scorecard untuk
• Pengkajian dan penandatanganan kembali
asesmen GCG dan Laporan Tahunan.
Kode Etik, Kebijakan Perilaku Bisnis, dan Pakta
Integritas.
• Strengthening the framework of Corporate
Internal Audit, Risk Management, Human
• Audit Charter.
Resources Management.
• Review Committee Charter.
• Review of Board Manual and Corporate
• Improvement of Policies & Procedures. Governance Manual.
• Make risk management a culture that extends • Making risk management a culture that
to the Business Unit. extends to the Business Units.
• Review of GCG Roadmap with reference to OJK • Remain committed to carrying out
GCG Roadmap. independent GCG assessments down to the
• Strengthening the framework of Corporate consolidated Business Units.
Internal Audit, Risk Management, Human • Policy & Procedure concerning Antifraud and
Resources Management. Gratuities Receiving.
• Appointed Independent Commissioner and • Implementation of ASEAN CG Scorecard for
Independent Director. GCG and Annual Report assessment.
• Review and re-signing of Code of Ethics, Code
of Conducts, and Integrity Pact.
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2017-2018 2019-2022 2023-2026
• Menerapkan pengelolaan risiko, • Memastikan pengelolaan risiko, • Pengkajian Board Manual dan
kepatuhan, dan GCG di Unit kepatuhan dan GCG berjalan Corporate Governance Manual.
Usaha, khususnya Unit Usaha yang efektif di seluruh unit usaha. • Membangun GCG di Unit Usaha
berkontribusi besar pada laporan • Menjadi teladan dalam BNBR, terutama Unit Usaha yang
konsolidasi. pengelolaan risiko, kepatuhan, telah menjadi perusahaan publik
• Membangun GCG Grup BNBR dan GCG pada industri sejenis di dengan pendampingan oleh
dengan pendampingan oleh Indonesia. Perusahaan untuk membangun
Perusahaan untuk membangun • Mengikutsertakan seluruh unit struktur dan struktur lunak GCG.
struktur dan struktur lunak GCG. usaha yang terkonsolidasi dalam • Ikut serta dalam pengkajian
• Penerapan ASEAN Scorecard asesmen GCG. Kebijakan & Prosedur di Unit
(Indonesian Institute for Corporate • Penerapan ASEAN Scorecard Usaha BNBR, khususnya unit
Directorship-IICD) untuk asesmen (Indonesian Institute for Corporate usaha yang telah menjadi
GCG dan Laporan Tahunan. Directorship-IICD) untuk asesmen perusahaan publik.
• Meningkatkan transparansi dalam GCG dan Laporan Tahunan. • Penerapan ASEAN Scorecard
pelaporan kepada Regulator, untuk asesmen GCG.
antara lain diterapkannya Kebijakan • Menjadi teladan dalam
& Prosedur tentang Laporan • Ensure risk management, pengelolaan risiko, kepatuhan, dan
Kepemilikan Saham oleh Dewan compliance and GCG run GCG pada industri sejenis.
Komisaris dan Direksi serta effectively in all business units.
Penyampaian Informasi Perusahaan • Become a role model in risk
kepada Regulator. management, compliance and • Review of Board Manual and
GCG in similar industries in Corporate Governance Manual.
Indonesia. • Building GCG in BNBR Business
• Implementation of risk management,
• Include all consolidated business Units, especially Business Unit
compliance and GCG in Business
units into GCG assessment. that has become public company
Units, in particular Business Units
• Implementation of ASEAN with assistance from the Company
that are major contributors to the
Scorecard (Indonesian Institute to build GCG structures and soft
consolidated report.
for Corporate Directorship-IICD) structures.
• Building GCG of BNBR Group with
for GCG and Annual Report • Participate in review of Policies
assistance from the company to
assessment. & Procedures in BNBR Business
build GCG structures and soft
Units, especially Business Unit that
structures.
has become public company.
• Implementation of ASEAN Scorecard
• Implementation of ASEAN CG
(Indonesian Institute for Corporate
Scorecard for GCG assessment.
Directorship-IICD) for GCG and
Annual Report assessment. • Become a role model in risk
management, compliance and
• Increasing transparency in
GCG in similar industries.
reporting to Regulators, including
implementing Policy & Procedure
regarding Share Ownership Reports
by the Board of Commissioners
and Directors as well as Company
Information Disclosure to Regulators.
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IMPLEMENTASI PRAKTIK GCG
GCG PRACTICES IMPLEMENTATION
Penerapan GCG pada PT Bakrie & Brothers Tbk The objectives of GCG implementation in PT Bakrie
bertujuan mendukung pencapaian visi, misi dan & Brothers Tbk are to support the achievement
tujuan perusahaan secara efektif dan cepat, of vision, mission and the Company’s objectives
sehingga dapat memberikan kepercayaan kepada effectively and in a swift manner, so as to deliver
para pemegang saham bahwa perusahaan dikelola the shareholders’ trust on a good and proper
dengan baik dan benar untuk mendapat hasil usaha governance of the company to reach high and
yang wajar dan bernilai tinggi. Implementasi praktik fair values. GCG practices implementation shall
GCG harus selalu berlandaskan empat prinsip yaitu: be based on the following four principles:
1 Perilaku Beretika 2 Transparansi
Dalam melaksanakan Untuk menjaga obyektivitas dalam
kegiatannya,Perseroan senantiasa menjalankan bisnis, korporasi
mengedepankan kejujuran, menyediakan informasi yang material
memperlakukan semua pihak dengan dan relevan dengan cara yang mudah
hormat (respect), memenuhi komitmen, diakses dan dipahami oleh pemangku
membangun serta menjaga nilai- kepentingan. Perseroan mengambil
nilai moral dan kepercayaan secara inisiatif untuk mengungkapkan tidak
konsisten. Perseroan memperhatikan hanya masalah yang disyaratkan oleh
kepentingan pemegang saham dan peraturan perundang-undangan,
pemangku kepentingan lainnya tetapi juga hal yang penting untuk
berdasarkan asas kewajaran dan pengambilan keputusan oleh
kesetaraan (fairness) dan dikelola pemegang saham, kreditur dan
secara independen sehingga pemangku kepentingan lainnya.
masing-masing organ perusahaan
tidak saling mendominasi dan tidak Transparency
dapat diintervensi oleh pihak lain. To maintain objectivity in conducting
business, the Corporation provides
Ethical Behavior material and relevant information in
In carrying out its activities, the a manner that is easily accessible
Company always prioritizes honesty, and understood by stakeholders.
treats all parties with respect, fulfills The Company takes the initiative to
commitments, builds and maintains disclose not only matters required
moral values and trust consistently. The by laws and regulations, but also
Company pays attention to the interests matters that are important for
of shareholders and other stakeholders decision-making by shareholders,
based on the principles of fairness and creditors and other stakeholders.
equality and is managed independently
so that each organ of the company
does not dominate each other and
cannot be intervened by other parties.
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3 Akuntabilitas
Perseroan dapat
4 Keberlanjutan
Perseroan mematuhi peraturan
mempertanggungjawabkan kinerjanya perundang-undangan serta
secara transparan dan wajar. Untuk berkomitmen melaksanakan tanggung
itu Perseroan dikelola secara jawab terhadap masyarakat dan
benar, terukur dan sesuai dengan lingkungan agar berkontribusi pada
kepentingan Perseroan dengan pembangunan berkelanjutan melalui
tetap memperhitungkan kepentingan kerjasama dengan semua pemangku
pemegang saham dan pemangku kepentingan terkait untuk meningkatkan
kepentingan. Akuntabilitas merupakan kehidupan mereka dengan cara yang
prasyarat yang diperlukan untuk selaras dengan kepentingan bisnis dan
mencapai kinerja yang berkelanjutan. agenda pembangunan berkelanjutan.
Accountability Sustainability
The Company is accountable for its The Company complies with laws
performance in a transparent and fair and regulations and is committed to
manner. For this reason, the Company carrying out its responsibilities towards
is managed properly, measurably society and the environment in order to
and in accordance with the interests contribute to sustainable development
of the Company while taking into by working with all relevant stakeholders
account the interests of shareholders to improve their lives in a way that is
and stakeholders. Accountability aligned with business interests and the
is a necessary prerequisite for sustainable development agenda.
achieving sustainable performance.
AKTIVITAS KEPATUHAN
COMPLIANCE ACTIVITIES [GRI 2-27]
Sebagai bagian dari kegiatan tata kelola As part of the corporate governance activity, the
perusahaan, Departemen Compliance (Kepatuhan) Compliance Department strives to monitor the
senantiasa melakukan pemantauan kepatuhan company’s compliance towards the prevailing
perusahaan terhadap hukum dan peraturan laws and legislation in managing the company’s
perundang-undangan yang berlaku di dalam business practices as well as individual’s compliance
menjalankan praktik bisnis perusahaan dan juga in implementing responsibility of their duties,
ketaatan setiap individu di dalam melaksanakan each in accordance with the code of conduct,
tanggung jawabnya untuk menyelesaikan business conduct policy, as well as the applicable
tugasnya masing-masing sesuai dengan kode etik, internal policy and procedures of the company.
kebijakan perilaku bisnis dan juga kebijakan dan
prosedur internal perusahaan yang berlaku. In 2025, Compliance Department has provided
assistance to several business unit of the Company,
Pada tahun 2025, Departemen Compliance namely PT VKTR Teknologi Mobilitas Tbk (VKTR) and
memberikan pendampingan kepada beberapa PT VKTR Sakti Industries (VSI), in performing review
unit usaha Perusahaan, yaitu PT VKTR Teknologi on business processes in every Department to ensure
Mobilitas Tbk (VKTR) dan PT VKTR Sakti Industries that the existing business processes are in accordance
(VSI), dalam melakukan kajian terhadap proses bisnis with the company’s strategy and business models.
di setiap Departemen untuk memastikan bahwa The analysis was conducted by reviewing business
proses bisnis yang ada saat ini telah sesuai dengan activity objectivity and complexity, which can provide
strategi dan model bisnis perusahaan dengan significant impact on the risks faced by the company,
melihat pada objektivitas dan juga kompleksitas including risks that are related to environmental,
kegiatan usaha yang dapat memberikan dampak social and governance (ESG). [SEOJK E.3]
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yang besar terhadap risiko yang dihadapi oleh At the Company, Compliance Department
perusahaan, termasuk risiko terkait lingkungan, continuously carried out review, renewal, as well as
sosial, dan tata kelola (environmental, social finalization of company’s policy and procedures in
and governance - ESG). [SEOJK E.3] accordance with the Company’s direction and policies
as on way to mitigate operational risks. In carrying out
Di Perseroan, Departemen Compliance secara updates, the Compliance Department coordinates
berkesinambungan melakukan kajian, pembaharuan, with the Corporate Legal Division to adapt to new
serta finalisasi kebijakan dan prosedur perusahaan laws and regulations in order to ensure that every
sesuai dengan arah dan kebijakan Perseroan sebagai business practices of the Company is in line with the
salah satu cara untuk memitigasi risiko operasional. prevailing laws and legislations. A total of 250 policies
Dalam melakukan pemutakhiran, Departemen and procedures were documented, in which part of
Compliance berkoordinasi dengan Divisi Corporate them are new or revision from the existing documents
Legal untuk menyesuaikan terhadap peraturan and has been ratified by the Board of Directors,
perundang-undangan baru. Hal ini untuk memastikan whereas the balance are still in review and at the
bahwa setiap praktik bisnis yang dilakukan oleh advancement that are going to be implemented in
Perseroan telah sejalan dengan hukum dan peraturan stages and continuously by Compliance Department.
perundang-undangan yang berlaku. Total kebijakan
dan prosedur yang telah dimiliki sebanyak 250 The Company has actively organized activities to
dokumen, dimana sebagian dokumen kebijakan dan improve the compliance culture in every individual,
prosedur tersebut merupakan dokumen baru ataupun starting from the top management level to the
revisi dari kebijakan dan prosedur lama dan telah employees of the Company and Business Units
disahkan oleh Direksi, sedangkan sisanya dalam tahap through the implementation of socialization of
kajian untuk dilakukan pemutakhiran oleh Departemen prevailing Company’s policies and procedures.
Compliance secara bertahap dan berkesinambungan.
At the end of 2025, Compliance Department
Perseroan aktif mengadakan kegiatan-kegiatan presented an annual report detailing the activities
untuk meningkatkan budaya kepatuhan di setiap conducted by Compliance Department as well
individu dimulai dari level top manajemen sampai as its activity’s achievement. The report was
dengan karyawan Perseroan dan Unit Usaha already presented to the Corporate Governance
melalui penyelenggaraan sosialisasi kebijakan Committee. In line with the presentation of the
dan prosedur Perseroan yang berlaku. report, Compliance Department has developed
a 2026 activity plan at the end of December.
Pada akhir tahun 2025, Departemen Compliance
menyampaikan laporan tahunan yang berisi tentang These stages are in accordance with the compliance
detil kegiatan-kegiatan yang telah dilakukan oleh system implementation framework as illustrated below.
Departemen Compliance dan juga pencapaian dari
setiap kegiatan tersebut dan telah disampaikan
kepada Komite Tata Kelola Perusahaan. Sejalan
dengan penyampaian laporan, pada akhir bulan
Desember Departemen Compliance telah
menyusun rencana kegiatan untuk tahun 2026.
Kesemua langkah ini sesuai dengan kerangka
proses penerapan sistem kepatuhan
seperti yang tergambar di bawah ini.
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| Business Process Identification
| Business Process Classification
| Business Process Mapping
I MP
T I ON & I M LEM Business Process
CA PR
FI | Reviewing Rules & Regulations
E N V EM
O
I
NT
TA ENT
| P&P Construction
I DE
T IO
Policy & Procedures
| P&P Pre-Approved
N
| P&P Implementation Assistance
Compliance Monitoring | P&P socialization
RI G
NG
RE
TO T I N
PO
RT U | Compliance Review
A
IN AL I
G EV ON Compliance Reporting
| Monitoring Continual Improvement
&M
| Compliance Report
| Compliance Annual Program
PENERAPAN BOARD MANUAL
BOARD MANUAL IMPLEMENTATION
PT Bakrie & Brothers Tbk memiliki komitmen untuk PT Bakrie & Brothers Tbk has the commitment
mempertahankan standar tinggi dalam pelaksanaan to maintain high standards in the implementation
tata kelola perusahaan yang baik (GCG) sebagai of Good Corporate Governance (GCG), as a
salah satu prasyarat utama bagi keberhasilan dan prerequisite requirement in the business success and
keberlanjutan usaha. PT Bakrie & Brothers Tbk sustainability. PT Bakrie & Brothers Tbk upholds the
menjunjung etika dan standar profesionalisme pada ethics and professionalism standard in all levels of
seluruh jenjang organisasi. Pelaksanaan GCG pada the organization. In general, the GCG implementation
sektor industri keuangan non-bank dan investasi in the non-bank financial industry and investments
serta beberapa sektor industri di mana Perseroan sectors, as well as in other industry sectors in which
berada, secara umum berpedoman pada berbagai the Company is involved, is following the prevailing
ketentuan dan peraturan perundang-undangan yang laws and legislations, in particular the Financial
berlaku, terutama Peraturan Otoritas Jasa Keuangan Services Authority (FSA) Regulations, Laws of Limited
(OJK), Undang-Undang Perseroan Terbatas dan Liability Company, and Capital Market Laws. The
Undang-Undang Pasar Modal. Pelaksanaan GCG GCG implementation is also based on 4 (four) GCG
ini juga berlandaskan pada 4 (empat) prinsip dasar basic principles, namely Ethics (Ethical Behavior),
GCG, yaitu Etika (Perilaku Beretika), Transparansi, Transparency, Accountability, and Sustainability. This
Akuntabilitas, dan Keberlanjutan. Beberapa hal background stipulates the development of Corporate
tersebut melatarbelakangi disusunnya Panduan Governance Manual – based on the GCG principles.
Tata Kelola Perusahaan (Corporate Governance
Manual) yang berlandaskan prinsip-prinsip GCG. Board Manual is a working governance guideline of
the Board of Commissioners, Board of Directors and
Board Manual adalah petunjuk tata laksana the Management, which elaborated the activities
kerja Dewan Komisaris, Direksi dan Manajemen and working stages of the Board of Commissioners
yang menjelaskan tahapan kerja dan aktivitas and Directors, in a structured, systematics, easy
Dewan Komisaris dan Direksi secara terstruktur, and consistent manner. This manual functions as a
sistematis, mudah dipahami dan dapat dijalankan reference for the Commissioners and Directors as
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dengan konsisten, sehingga dapat menjadi acuan well as the Management in implementing each duty
bagi Komisaris dan Direksi serta Manajemen to achieve the Company’s Vision and Mission.
dalam menjalankan tugas masing-masing
untuk mencapai Visi dan Misi Perseroan. Board Manual is intended to elaborate the
relationships of the Commissioners and Directors
Board Manual dimaksudkan untuk menjelaskan as well as other members of the Management
hubungan Komisaris dan Direksi serta anggota in duties implementation in order to create
Manajemen lainnya dalam melaksanakan tugas professional, transparent, efficient and effective
agar tercipta pengelolaan Perseroan secara management of the Company. Board Manual also
profesional, transparan, efisien dan efektif. represents the commitment of the Commissioners
Pelaksanaan Board Manual merupakan salah satu and Directors in implementing GCG principles.
bentuk komitmen Komisaris dan Direksi dalam
rangka implementasi prinsip-prinsip GCG.
ASESMEN PENERAPAN TATA KELOLA
PERUSAHAAN YANG BAIK (GCG)
GOOD CORPORATE GOVERNANCE (GCG)
IMPLEMENTATION ASSESSMENT
Penilaian/asesmen penerapan GCG di BNBR A GCG implementation assessment was carried
telah dilaksanakan sebagai langkah untuk menilai out as a means to examine GCG implementation
penerapan GCG di Perseroan serta mengadakan in the Company as well as to evaluate in order to
evaluasi guna menyempurnakan penerapan GCG improve the aforementioned implementation. In
tersebut. Pada tahun 2025 Perseroan melakukan 2025 the Company conducted a self-assessment
self assessment GCG dengan mengacu pada of GCG with reference to Financial Services
Peraturan Jasa Keuangan (POJK) Nomor 21/ Regulation (POJK) Number 21/POJK.04/2015
POJK.04/2015 tentang Penerapan Pedoman Tata concerning the Implementation of Public Company
Kelola Perusahaan Terbuka dan Surat Edaran Otoritas Governance Guidelines and the Circular Letter of the
Jasa Keuangan (SEOJK) Nomor 32/SEOJK.04/2015 Financial Services Authority (SEOJK) Number 32/
tentang Pedoman Tata Kelola Perusahaan Terbuka. SEOJK.04/2015 concerning the Guidelines for the
Perseroan menerapkan aspek dan prinsip GCG Governance of the Public Companies. The Company
berdasarkan pendekatan “comply or explain”, dan applies GCG aspects and principles based on a
hasil self assessment tersebut dapat dilihat pada “comply or explain” approach, and the result of the
halaman 364 buku Laporan Tahunan Terintegrasi ini. aforementioned self assessment can be viewed at
page 364 of this Integrated Annual Report book.
RAPAT UMUM PEMEGANG SAHAM
GENERAL MEETING OF SHAREHOLDERS
Rapat Umum Pemegang Saham (RUPS) adalah organ General Meeting of Shareholders (GMS) is the
tertinggi dalam struktur tata kelola perusahaan, highest organ in the corporate governance structure,
wadah para pemegang saham mengambil keputusan as a forum for the shareholders in decision-
dan menggunakan hak serta wewenangnya. RUPS making, and exercising its rights and authorities.
memegang wewenang yang tidak didelegasikan GMS has the authority that cannot be delegated
kepada Dewan Komisaris atau Direksi sesuai batasan to the Board of Commissioners or Directors in
yang diatur dalam Anggaran Dasar dan peraturan accordance with the limits stipulated in the Articles
perundang-undangan. Wewenang yang dimiliki of Association and legislation. The following are
oleh RUPS PT Bakrie & Brothers Tbk meliputi: authorities of GMS of PT Bakrie & Brothers Tbk:
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1. Perubahan Anggaran Dasar Perseroan. 1. Amendment of the Company’s
2. Menentukan besarnya permodalan Perseroan. Articles of Association.
3. Mengatur penggunaan keuntungan 2. To determine the Company’s capital amount.
bersih Perseroan. 3. To regulate the use of the Company’s net profits.
4. Mengangkat dan memberhentikan 4. To appoint and terminate members of the Board
anggota Direksi dan Dewan Komisaris of Directors and the Board of Commissioners,
serta mengevaluasi kinerja masing-masing and to evaluate the performance of members
anggota Dewan Komisaris dan Direksi. of the Board of Commissioners and Directors.
5. Menggabungkan, melebur atau 5. To consolidate, merge or divest the Company, and
memisahkan Perseroan, dan 6. Authority on transactions
6. Kewenangan atas dilakukannya transaksi exceeding a certain value.
yang melebihi nilai tertentu.
GMS shall be held at least once a year, namely Annual
RUPS wajib diselenggarakan setidaknya satu tahun GMS. Apart from the Annual GMS, Extraordinary
sekali yang disebut sebagai RUPS Tahunan. Di luar GMS can be organized. In 2025, the Company held
RUPS Tahunan, diperbolehkan menyelenggarakan one Annual GMS, and held one Extraordinary GMS.
RUPS yang disebut dengan RUPS Luar Biasa. Pada
tahun 2025, Perseroan menyelenggarakan RUPS EXECUTION OF ANNUAL GENERAL
Tahunan sebanyak satu kali dan menyelenggarakan MEETING OF SHAREHOLDERS
RUPS Luar Biasa sebanyak satu kali.
Pursuant to the Articles of Association, the Company
has held the Annual GMS for fiscal year 2024 on
PENYELENGGARAAN RAPAT UMUM
June 30, 2025, in Nusantara Room, Bakrie Tower
PEMEGANG SAHAM TAHUNAN
36th floor, Jakarta. Based on the regulations, prior
Sesuai Anggaran Dasar, Perseroan telah to the GMS the Company has informed the Plan
menyelenggarakan RUPS Tahunan untuk tahun buku Announcement to the Financial Services Authority,
2024 yang diselenggarakan pada 30 Juni 2025 through Corporate Secretary’s Letter No. 039/BNBR/
bertempat di Ruang Nusantara, Bakrie Tower lantai CS-OJK/V/25 dated May 23, 2025, and announced
36, Jakarta. Sesuai dengan Peraturan Perundangan, the Meeting Plan also on May 23, 2025 through
sebelum pelaksanaan RUPS Perseroan telah Company website, Indonesia Stock Exchange website
menyampaikan Pemberitahuan Rencana kepada and Indonesia Central Securities Depository website.
Otoritas Jasa Keuangan, melalui Surat Sekretaris
Perusahaan No. 039/BNBR/CS-OJK/V/25 tertanggal The Company has informed the Plan Notice to the
23 Mei 2025, serta mengumumkan Rencana Financial Services Authority, through Corporate
Rapat ini juga pada 23 Mei 2025 melalui situs web Secretary’s Letter No. 042/BNBR/CS-OJK/
Perseroan, situs web Bursa Efek Indonesia dan VI/25 dated June 7, 2025, and also announced
situs web Kustodian Sentral Efek Indonesia. the Invitation of Annual General Meeting of
Shareholders on June 7, 2025, through Company
Perseroan juga menyampaikan Pemanggilan website, Indonesia Stock Exchange website and
Rencana kepada Otoritas Jasa Keuangan, melalui Indonesia Central Securities Depository website.
Surat Sekretaris Perusahaan No. 042/BNBR/
CS-OJK/VI/25 tertanggal 7 Juni 2025 serta Annual GMS on June 30, 2025 was attended by
mengumumkan Panggilan Rapat Umum Pemegang shareholders that represent 140,710,287,623 shares
Saham Tahunan ini pada 7 Juni 2025 melalui situs or 81.14% from the total shareholders. Thereby
web Perseroan, situs web Bursa Efek Indonesia the meeting was declared a quorum and was in
dan situs web Kustodian Sentral Efek Indonesia. accordance with the provisions of Article 41 paragraph
1 letter a POJK No.15/2020 and Article 13 paragraph
RUPS Tahunan pada tanggal 30 Juni 2025 tersebut 2.1.a of the Company’s Articles of Association, that
di atas dihadiri oleh pemegang saham yang mewakili the meeting is valid if attended / represented by
140.710.287.623 lembar saham atau 81,14% dari more than ½ (one-half) of the total number of shares
seluruh pemegang saham. Dengan demikian rapat with valid voting rights issued by the Company.
dinyatakan kuorum dan telah sesuai dengan ketentuan
Pasal 41 ayat 1 huruf a POJK No.15/2020 dan Pasal 13
ayat 2.1.a Anggaran Dasar Perseroan, bahwa rapat
sah apabila dihadiri/diwakili lebih dari ½ (satu per
dua) bagian dari jumlah seluruh saham dengan hak
suara yang sah yang telah dikeluarkan Perseroan.
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PERHITUNGAN SUARA PADA RAPAT COUNTING OF VOTES AT THE ANNUAL
UMUM PEMEGANG SAHAM TAHUNAN GENERAL MEETING OF SHAREHOLDERS
Pada pelaksanaan RUPS Tahunan Perseroan di At the Company’s Annual GMS on June 30, 2025,
tanggal 30 Juni 2025, Perseroan telah menunjuk the Company appointed independent parties to
pihak-pihak independen untuk melakukan perhitungan count the votes and/or carry out validation at the
suara dan/atau melakukan validasi dalam rapat dari meeting from the Securities Administration Bureau
Biro Administrasi Efek PT Electronic Data Interchange of PT Electronic Data Interchange Indonesia
Indonesia (EDII) dan Notaris Humberg Lie,SH, SE, Mkn. (EDII) and Notary Humberg Lie, SH, SE, Mkn.
PENGUMUMAN | PEMANGGILAN | PELAKSANAAN | PENYAMPAIAN
ANNOUNCEMENT NOTICE EXECUTION RINGKASAN
Pengumuman kepada Pemanggilan kepada Pelaksanaan RUPS RISALAH RUPS
Pemegang Saham Pemegang Saham Tahunan pada tanggal TAHUNAN |
mengenai RUPS mengenai RUPS 30 Juni 2025. SUBMISSION OF
Tahunan pada tanggal Tahunan pada tanggal AGMS SUMMARY
23 Mei 2025. 7 Juni 2025. Annual GMS execution Penyampaian Ringkasan
on June 30, 2025. Risalah RUPS Tahunan
Announcement to Notice to shareholders pada 2 Juli 2025.
the shareholders regarding Annual GMS
regarding Annual GMS on June 7, 2025. Submission of Annual
on May 23, 2025. GMS Summary on
July 2, 2025.
AGENDA RUPS TAHUNAN ANNUAL GMS AGENDA
Sesuai dengan Panggilan Rapat yang telah Pursuant to the Meeting Invitation announced
diumumkan pada situs-situsr tersebut di in the above websites, the following
atas, agenda RUPS Tahunan adalah: are the agenda of Annual GMS:
1. Persetujuan dan pengesahan Laporan 1. Approval and ratification of the Annual Report
Tahunan yang memuat pertanggungjawaban which consist of Board of Directors and
Direksi dan Dewan Komisaris atas jalannya Board of Commissioners of the Company’s
Perseroan untuk Tahun Buku yang berakhir accountability on the activities of the Company
pada tanggal 31 Desember 2024. for the year ended December 31, 2024.
2. Persetujuan dan pengesahan Neraca dan 2. Approval and ratification of the Balance
Perhitungan Laba/Rugi untuk Tahun Buku yang Sheet and Statement of Profit and Loss of the
berakhir pada tanggal 31 Desember 2024, Company for the year ended December 31, 2024,
sekaligus pemberian pelunasan dan pembebasan including granting full release and discharge
tanggung jawab (acquit et decharge) kepada of responsibility (acquit et decharge) to the
para anggota Direksi dan Dewan Komisaris Board of Directors and Board of Commissioners
Perseroan untuk Tahun Buku 2024. members for the year ended 2024.
3. Penentuan dan persetujuan penggunaan 3. Determination and approval for the
keuntungan yang diperoleh Perseroan use of Company’s profit for the year
dari Tahun Buku yang berakhir pada ended December 31, 2024.
tanggal 31 Desember 2024.
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4. Penunjukkan dan penentuan Akuntan Publik / 4. Appointment and determination of the
Kantor Akuntan Publik untuk mengaudit Laporan Public Accountant / Public Accounting Firm
Keuangan Perseroan untuk Tahun Buku yang to audit the Company’s Financial Report for
berakhir pada tanggal 31 Desember 2025. Fiscal Year ended December 31, 2025.
5. Persetujuan atas perubahan dan/atau penetapan 5. Approval of the changes and/or reappointed
kembali susunan Pengurus Perseroan. on the Company’s Management composition.
HA SI L R APAT U M U M PEM EGANG SAHAM TAH U NAN
RESULT OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
HASIL TINDAK LANJUT
PEMUNGUTAN / PELAKSANA AN
PEMBAHASAN AGENDA DAN KEPUTUSAN RUPS TAHUNAN SUARA KEPUTUSAN RUPS
ANNUAL GMS AGENDA DISCUSSION AND RESOLUTIONS (LEMBAR SAHAM) TAHUNAN
VOTING RESULT FOLLOW UP / EXECUTION OF
(NUMBER OF SHARES) ANNUAL GMS RESOLUTIONS
Pembahasan Agenda: Direksi Perseroan menyampaikan
penjelasan yang berkaitan dengan Agenda Rapat Pertama
Pemberian pelunasan serta
yang disampaikan Direktur Utama dan Direktur Perseroan.
pembebasan tanggung
Hasil keputusan rapat pada Agenda Pertama: Menerima Setuju | Agree
jawab sepenuhnya (acquit
dengan baik dan menyetujui serta mengesahkan
1
140.710.287.623
et decharge) kepada
Laporan Pertanggungjawaban Direksi dan Dewan (100 %)
para anggota Direksi dan
Komisaris atas jalannya Perseroan untuk Tahun Buku
para anggota Dewan
Agenda yang berakhir pada tanggal 31 Desember 2024. Tidak Setuju |
Komisaris Perseroan.
Pertama Agenda Discussion: The Company’s Board of Directors Disagree
Grant of full release and
First elaborated the First Meeting Agenda that was presented 0 (0%)
discharge of responsibility
Agenda by the Company’s President Director and Director. .
(acquit et decharge) to
Meeting resolution on First Agenda: Appropriately Blanko | Abstain
the Company’s Board of
accepted and approved as well as ratified the 0 (0%)
Directors and Board of
Board of Directors and Board of Commissioners’
Commissioners members.
Accountability Report on the management of the
Company for Fiscal Year ended December 31, 2024.
Pembahasan Agenda: Direksi Perseroan menyampaikan
penjelasan yang berkaitan dengan Agenda Rapat Kedua
Pemberian pelunasan serta
yang disampaikan Direktur Utama dan Direktur Perseroan.
pembebasan tanggung
Hasil keputusan rapat pada Agenda Kedua: Menerima Setuju | Agree
jawab sepenuhnya (acquit
dengan baik dan menyetujui serta mengesahkan Neraca
2
140.710.287.623
et decharge) kepada
serta Perhitungan Laba/Rugi untuk Tahun Buku yang (100 %)
para anggota Direksi dan
terakhir pada tanggal 31 Desember 2024 dan memberikan
para anggota Dewan
Agenda pelunasan serta pembebasan tanggung jawab Tidak Setuju |
Komisaris Perseroan.
Kedua sepenuhnya (acquit et decharge) kepada para anggota Disagree
Grant of full release and
Second Direksi dan Para anggota Dewan Komisaris Perseroan atas 0 (0%)
discharge of responsibility
Agenda pengurusan dan pengawasan yang telah dijalankan dalam
(acquit et decharge) to
Tahun Buku yang berakhir pada tanggal 31 Desember Blanko | Abstain
the Company’s Board of
2024, sejauh tindakan pengurusan dan pengawasan 0 (0%)
Directors and Board of
tersebut tercermin dalam Neraca dan Perhitungan Laba/
Commissioners members.
Rugi serta Laporan Akuntan Publik atas Tahun Buku
yang berakhir pada tanggal 31 Desember 2024.
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HASIL TINDAK LANJUT
PEMUNGUTAN / PELAKSANA AN
PEMBAHASAN AGENDA DAN KEPUTUSAN RUPS TAHUNAN SUARA KEPUTUSAN RUPS
ANNUAL GMS AGENDA DISCUSSION AND RESOLUTIONS (LEMBAR SAHAM) TAHUNAN
VOTING RESULT FOLLOW UP / EXECUTION OF
(NUMBER OF SHARES) ANNUAL GMS RESOLUTIONS
Agenda Discussion: The Company’s Board
of Directors elaborated the Second Meeting
Agenda that was presented by the Company’s
President Director and Director.
Meeting resolution on Second Agenda: Appropriately
2
Agenda
accepted and approved as well as ratified the Balance
Sheet and Profit/Loss Account for Fiscal Year ended
December 31, 2024 and provided acquittal and fully
Kedua discharge of responsibility (acquit et decharge) to the
Second members of the Board of Directors and the Board of
Agenda Commissioners of the Company, for the management
and supervisory duties implemented during Fiscal Year
ended December 31, 2024, in which the management
and monitoring actions are reflected in the Balance Sheet
and Profit/Loss Account as well as Public Accountant’s
Report on Fiscal Year ended December 31, 2024.
Pembahasan Agenda: Direksi Perseroan menyampaikan
penjelasan yang berkaitan dengan Agenda Rapat Ketiga
Setuju | Agree
yang disampaikan Direktur Utama dan Direktur Perseroan.
Perseroan tidak membagikan
3
140.710.257.623
Hasil keputusan rapat pada Agenda Ketiga:
(99,999%) dividen untuk Tahun Buku
Menerima dan menyetujui tindakan Perseroan
yang berakhir pada tanggal
untuk tidak membagikan dividen untuk Tahun Buku
Agenda Tidak Setuju | 31 Desember 2024.
yang berakhir pada tanggal 31 Desember 2024.
Ketiga Disagree The Company did not
Agenda Discussion: The Company’s Board of Directors
Third 30.000 (0,000%) distribute dividends for
elaborated the Third Meeting Agenda that was presented
Agenda the Fiscal Year ending
by the Company’s President Director and Director.
Blanko | Abstain December 31, 2024.
Meeting resolution on Third Agenda: Accept and
0 (0%)
approve the Company’s action not to distribute dividends
for the Fiscal Year ending December 31, 2024.
Direksi memohon
persetujuan Dewan
Komisaris untuk menunjuk
dan menetapkan Kantor
Akuntan Publik Y.
Pembahasan Agenda: Direksi Perseroan menyampaikan
Setuju | Agree Santosa & Rekan melalui
penjelasan yang berkaitan dengan Agenda Rapat Keempat
Memorandum no. 1154.a/
4
140.709.043.123
yang disampaikan Direktur Utama dan Direktur Perseroan.
(99,999%) CFO-ACCT/IX-25/M/RH.rud
Hasil keputusan rapat pada Agenda Keempat:
tertanggal 8 September
Menyetujui untuk memberikan kewenangan kepada
Agenda Tidak Setuju | 2025. Penunjukkan KAP
Dewan Komisaris untuk menunjuk dan menetapkan
Keempat Disagree tersebut kemudian dilakukan
Akuntan Publik / Kantor Akuntan yang akan
Fourth 1.244.500 (0,000%) setelah Dewan Komisaris
mengaudit Laporan Keuangan Perseroan untuk
Agenda memberikan persetujuan
Tahun Buku yang berakhir pada tanggal 31 Desember
Blanko | Abstain melalui surat tertanggal
2025, sepanjang memenuhi kriteria yang telah
0 (0%) 9 September 2025,
ditentukan beserta penentuan honorariumnya.
dengan memperhatikan
rekomendasi dari Komite
Audit yang dinyatakan
dalam surat tertanggal
4 September 2025.
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HASIL TINDAK LANJUT
PEMUNGUTAN / PELAKSANA AN
PEMBAHASAN AGENDA DAN KEPUTUSAN RUPS TAHUNAN SUARA KEPUTUSAN RUPS
ANNUAL GMS AGENDA DISCUSSION AND RESOLUTIONS (LEMBAR SAHAM) TAHUNAN
VOTING RESULT FOLLOW UP / EXECUTION OF
(NUMBER OF SHARES) ANNUAL GMS RESOLUTIONS
The Board of Directors
requested approval from
the Board of Commissioners
to appoint and assign
Public Accounting Firm Y.
Santosa & Rekan as stated
Agenda Discussion: The Company’s Board of Directors
in the Memorandum no.
4
elaborated the Fourth Meeting Agenda that was presented
1154.a/CFO-ACCT/IX-25/M/
by the Company’s President Director and Director.
RH.rud dated September 8,
Meeting resolution on Fourth Agenda: Approved
2025. The appointment of
Agenda to give authority to the Board of Commissioners
the aforementioned Public
Keempat to appoint and assign a Public Accountant / Public
Accounting Firm was then
Fourth Accounting Firm that will audit the Company’s
made after the Board of
Agenda Financial Report for Fiscal Year ended December 31,
Commissioners gave its
2025, as long as it meets the predetermined criteria
approval as stated in a
as well as determination of the honorarium.
letter dated September 9,
2025, by taking into account
the recommendations
from the Audit Committee
stated in the letter dated
September 4, 2025.
Pembahasan Agenda: Direksi Perseroan menyampaikan
penjelasan yang berkaitan dengan Agenda Rapat Kelima
yang disampaikan Direktur Utama dan Direktur Perseroan.
Hasil keputusan rapat pada Agenda Keempat: Mata
Akta Berita Acara Rapat
Acara Kelima RUPST merupakan informasi kepada Setuju | Agree
Umum Pemegang Saham
5
Pemegang Saham dan tidak terdapat usulan keputusan 0 (0%)
Tahunan PT Bakrie &
yang memerlukan persetujuan Pemegang Saham,
Brothers Tbk nomor 94
maka untuk Mata Acara Kelima RUPST tidak dilakukan Tidak Setuju |
Agenda tanggal 30 Juni 2025.
pemungutan suara dan pengambilan keputusan. Disagree
Kelima Deed of Minutes of the
Agenda Discussion: The Company’s Board of Directors 0 (0%)
Fifth Annual General Meeting
elaborated the Fifth Meeting Agenda that was presented
Agenda of Shareholders of PT
by the Company’s President Director and Director. Blanko | Abstain
Bakrie & Brothers Tbk No.
Meeting resolution on Fifth Agenda: The Fifth Meeting 0 (0%)
94 dated June 30, 2025.
Agenda is information to the Shareholders and there
are no proposed resolutions that require Shareholders’
approval, therefore for the Fifth Meeting Agenda
no voting and decision making was conducted.
Catatan: Sesuai dengan ketentuan Pasal 47 POJK 15 dan Pasal 13 ayat 2 butir 8 Anggaran Dasar Perseroan, suara blanko (abstain),
dianggap mengeluarkan suara yang sama dengan suara mayoritas pemegang saham yang mengeluarkan suara.
Note: In accordance with the provisions of Article 47 OJK Regulations number 15 and Article 13 paragraph 2 point 8 of the Company’s Articles
of Association, blank votes (abstained), are considered to issue the same votes as the majority votes of shareholders who issue votes.
PENYELENGGARAAN RAPAT UMUM EXECUTION OF EXTRAORDINARY
PEMEGANG SAHAM LUAR BIASA GENERAL MEETING OF SHAREHOLDERS
Pada tahun 2025 Perseroan menyelenggarakan In 2025, the Company held one Extraordinary GMS.
RUPS Luar biasa sebanyak satu kali.
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PENYELENGGARAAN RAPAT EXECUTION OF EXTRAORDINARY
UMUM PEMEGANG SAHAM GENERAL MEETING OF
LUAR BIASA DI TAHUN 2025 SHAREHOLDERS IN 2025
Sesuai Anggaran Dasar, Perseroan telah Pursuant to the Articles of Association, the Company
menyelenggarakan RUPS Luar Biasa yang has held the Extraordinary GMS on September 10,
diselenggarakan pada 10 September 2025 2025, in Nusantara Room, Bakrie Tower 36th floor,
bertempat di Ruang Nusantara, Bakrie Tower lantai Jakarta. Based on the regulations, prior to the GMS
36, Jakarta. Sesuai dengan Peraturan Perundangan, the Company has informed the Plan Announcement
sebelum pelaksanaan RUPS Perseroan telah to the Financial Services Authority, through Corporate
menyampaikan Pemberitahuan Rencana kepada Secretary’s Letter No. 068/BNBR/CS-OJK/VII/25
Otoritas Jasa Keuangan, melalui Surat Direksi dated July 31, 2025, and announced the Meeting
No. 068/BNBR/CS-OJK/VII/25 tertanggal 31 Plan also on July 31, 2025 through Company
Juli 2025, serta mengumumkan Rencana Rapat website, Indonesia Stock Exchange website and
ini juga pada 31 Juli 2025 melalui situs web Indonesia Central Securities Depository website.
Perseroan, situs web Bursa Efek Indonesia dan
situs web Kustodian Sentral Efek Indonesia. The Company has informed the Plan Notice to the
Financial Services Authority, through Corporate
Perseroan juga menyampaikan Pemanggilan Secretary’s Letter No. 072/BNBR/CS-OJK/VIII/25
Rencana kepada Otoritas Jasa Keuangan, melalui dated August 15, 2025, and also announced the
Surat Sekretaris Perusahaan No. 072/BNBR/CS- Invitation of Extraordinary General Meeting of
OJK/VIII/25 tertanggal 15 Agustus 2025 serta Shareholders on August 15, 2025, through Company
mengumumkan Panggilan Rapat Umum Pemegang website, Indonesia Stock Exchange website and
Saham Luar Biasa ini pada 15 Agustus 2025 melalui Indonesia Central Securities Depository website.
situs web Perseroan, situs web Bursa Efek Indonesia
dan situs web Kustodian Sentral Efek Indonesia. The Company then informed Change in Schedule
for Extraordinary GMS to the Indonesian Stock
Perseroan kemudian menyampaikan Perubahan Exchange, through Corporate Secretary’s Letter
Jadwal RUPS Luar Biasa kepada Bursa Efek Indonesia, No. 084/BNBR/CS-BEI/IX/25 dated September
melalui Surat Sekretaris Perusahaan No. 084/BNBR/ 5, 2025, and also announced the Invitation of
CS-BEI/IX/25 tertanggal 5 September 2025 serta Extraordinary General Meeting of Shareholders on
mengumumkan Panggilan Rapat Umum Pemegang September 5, 2025, through Company website,
Saham Luar Biasa ini pada 5 September 2025 melalui Indonesia Stock Exchange website and Indonesia
situs web Perseroan, situs web Bursa Efek Indonesia Central Securities Depository website.
dan situs web Kustodian Sentral Efek Indonesia.
Extraordinary GMS on September 10, 2025
RUPS Luar Biasa pada tanggal 10 September 2025 was attended by shareholders that represent
tersebut di atas dihadiri oleh pemegang saham yang 139,778,035,241 shares or 80.60% from the total
mewakili 139.778.035.241 lembar saham atau 80,60% shareholders. Thereby the meeting was declared a
dari seluruh pemegang saham. Dengan demikian quorum and was in accordance with the provisions
rapat dinyatakan kuorum dan telah sesuai dengan of Article 43 letter (a) POJK No.15/2020 and Article
ketentuan Pasal 43 ayat (a) POJK No.15/2020 dan 13 paragraph 2.5 aof the Company’s Articles
Pasal 13 ayat 2.5 a Anggaran Dasar Perseroan, bahwa of Association, that the Extraordinary GMS is
RUPSLB sah apabila dihadiri/diwakili lebih dari 3/4 (tiga valid if attended / represented by more than 3/4
per empat) bagian dari jumlah seluruh saham dengan (three-fourth) of the total number of shares with
hak suara yang sah yang telah dikeluarkan Perseroan. valid voting rights issued by the Company.
PERHITUNGAN SUARA PADA RAPAT
UMUM PEMEGANG SAHAM LUAR BIASA COUNTING OF VOTES AT THE
Pada pelaksanaan RUPS Luar Biasa Perseroan
EXTRAORDINARY GENERAL
di tanggal 10 September 2025, Perseroan MEETING OF SHAREHOLDERS
telah menunjuk pihak-pihak independen untuk At the Company’s Extraordinary GMS on September
melakukan perhitungan suara dan/atau melakukan 10, 2025, the Company appointed independent
validasi dalam rapat dari Biro Administrasi Efek parties to count the votes and/or carry out validation
PT Electronic Data Interchange Indonesia (EDII) at the meeting from the Securities Administration
dan Notaris Humberg Lie,SH, SE, Mkn. Bureau of PT Electronic Data Interchange Indonesia
(EDII) and Notary Humberg Lie, SH, SE, Mkn.
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PENGUMUMAN | PEMANGGILAN PERUBAHAN PELAKSANAAN PENYAMPAIAN
ANNOUNCEMENT | NOTICE JADWAL | | EXECUTION RINGKASAN
Pengumuman Pemanggilan CHANGE IN Pelaksanaan RISALAH RUPS
kepada Pemegang kepada Pemegang SCHEDULE RUPS Luar Biasa LUAR BIASA |
Saham mengenai Saham mengenai Pemberitahuan pada tanggal 10 SUBMISSION
RUPS Luar Biasa RUPS Luar Biasa mengenai September 2025. OF EGMS
pada tanggal pada tanggal 15 perubahan jadwal SUMMARY
31 Juli 2025 Agustus 2025. RUPS Luar Biasa Extraordinary Penyampaian
pada tanggal 5 GMS execution Ringkasan
Announcement to Notice to September 2025.. on September Risalah RUPS
the shareholders shareholders 10, 2025. Luar Biasa pada
regarding regarding Notification 12 September
Extraordinary GMS Extraordinary regarding change 2025.
on July 31, 2025. GMS on August in schedule of
15, 2025. Extraordinary GMS Submission of
on September Extraordinary
5, 2025. GMS Summary
on September
12, 2025.
AGENDA RUPS LUAR BIASA EXTRAORDINARY GMS AGENDA
Sesuai dengan Panggilan Rapat yang telah Pursuant to the Meeting Invitation announced
diumumkan pada situs web terkait tersebut in the above related websites, the following
di atas, agenda RUPS Luar Biasa adalah: are the agenda of Extraordinary GMS:
1. Persetujuan atas rencana transaksi material 1. Approval of the proposed material
yang dilakukan oleh PT Bakrie Tol Indonesia transaction to be carried out by PT Bakrie Tol
(“BTI”) sebagai perusahaan terkendali Indonesia (“BTI”), as a controlled subsidiary
Perseroan untuk memperoleh pinjaman. of the Company, in obtaining a loan.
2. Persetujuan atas rencana transaksi material yang 2. Approval of the proposed material transaction
dilakukan oleh BTI sebagai perusahaan terkendali to be carried out by BTI, as a controlled
Perseroan untuk melakukan pemberian pinjaman subsidiary of the Company, in providing a loan
kepada PT Cimanggis Cibitung Tollways (“CCT”). to PT Cimanggis Cibitung Tollways (“CCT”).
3. Persetujuan atas pemberian penjaminan kekayaan 3. Approval for encumbering the Company’s
Perseroan yang merupakan lebih dari 50% (lima assets amounting more than 50% (fifty
puluh persen) jumlah kekayaan bersih Perseroan. percent) of the Company’s net assets.
4. Persetujuan atas rencana transaksi material yang 4. Approval of the proposed material transaction
dilakukan BTI sebagai perusahaan terkendali to be carried out by BTI, as a controlled
Perseroan untuk melakukan pengambilalihan CCT. subsidiary of the Company, in acquiring CCT.
5. Persetujuan atas perubahan dan/atau penetapan 5. Approval of changes and/or reappointment
kembali susunan Pengurus Perseroan. of the Company’s Management.
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HA SI L R APAT U M U M PEM EGANG SAHAM LUAR B IA SA
RESULT OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
TINDAK LANJUT
HASIL
/ PELAKSANA AN
PEMUNGUTAN
KEPUTUSAN RUPS
PEMBAHASAN AGENDA DAN KEPUTUSAN RUPS LUAR BIASA SUARA
LUAR BIASA
EXTRAORDINARY GMS AGENDA DISCUSSION AND RESOLUTIONS (LEMBAR SAHAM)
FOLLOW UP / EXECUTION
VOTING RESULT
OF EXTRAORDINARY
(NUMBER OF SHARES)
GMS RESOLUTIONS
Perseroan melalui anak
Pembahasan Agenda: Direksi Perseroan menyampaikan usahanya yaitu PT Bakrie
Setuju | Agree
penjelasan yang berkaitan dengan Agenda Rapat Pertama. Toll Indonesia (BTI)
139.776.462.391
Hasil keputusan rapat pada Agenda Pertama:
1
(99,998%) telah menyelesaikan
Menyetujui atas rencana transaksi material yang pengambilalihan 90% PT
dilakukan oleh BTI sebagai perusahaan terkendali Cimanggis Cibitung Tollways
Tidak Setuju |
Agenda Perseroan untuk memperoleh pinjaman. (CCT). Penandatanganan
Disagree
Pertama 1.572.850 (0,0011%) Akta Pengambilalihan
First Agenda Discussion: The Company’s Board of Saham Dalam PT Cimanggis
Agenda Directors elaborated the First Meeting Agenda. Cibitung Tollways No.145
Blanko | Abstain
Meeting resolution on First Agenda: tanggal 28 November 2025
0 (0%)
Approving the material transaction plan carried out by BTI antara pihak PT Bakrie Toll
as a controlled company of the Company to obtain a loan. Indonesia dengan PT Sarana
Multi Infrastruktur (Persero)
(SMI) dan penandatanganan
Pembahasan Agenda: Direksi Perseroan menyampaikan Akta Jual Beli Saham No.147
Setuju | Agree
penjelasan yang berkaitan dengan Agenda Rapat Kedua. tanggal 28 November
139.776.462.691
Hasil keputusan rapat pada Agenda Kedua: Menyetujui
2
(99,998%) 2025 antara PT Bakrie
atas rencana transaksi material yang dilakukan oleh Toll Indonesia dengan PT
BTI sebagai perusahaan terkendali Perseroan untuk Waskita Toll Road (WTR) yang
Tidak Setuju |
Agenda melakukan pemberian pinjaman kepada CCT. dilakukan di Jakarta pada
Disagree
Kedua 1.572.850 tanggal 28 November 2025.
Second Agenda Discussion: The Company’s Board of Adapun transaksi ini
(0,0011%)
Agenda Directors elaborated the Second Meeting Agenda. dilakukan dengan
Meeting resolution on Second Agenda: Approving the menggunakan fasilitas
Blanko | Abstain
material transaction plan carried out by BTI as a controlled pinjaman dari Hartman
0 (0%)
company of the Company to provide loans to CCT. International Ltd, PT Bank
Mayapada Internasional
Tbk, dan PT Bank
Nationalnobu Tbk dengan
total sejumlah Rp 5,44 triliun.
The Company, through
its subsidiary PT Bakrie
Pembahasan Agenda: Direksi Perseroan menyampaikan Toll Indonesia (BTI), has
penjelasan yang berkaitan dengan Agenda Rapat Ketiga completed the acquisition
yang disampaikan oleh Direktur Utama Perseroan. Setuju | Agree of 90% of PT Cimanggis
Hasil keputusan rapat pada Agenda Ketiga: 139.777.397.691 Cibitung Tollways (CCT).
3
1. Menyetujui atas pemberian penjaminan kekayaan (99,999%) The signing of the Deed
Perseroan yang merupakan lebih dari 50% (lima puluh of Acquisition of Shares
persen) jumlah kekayaan bersih Perseroan; dan Tidak Setuju | in PT Cimanggis Cibitung
Agenda 2. Memberikan wewenang dan kuasa kepada Disagree Tollways No. 145 dated
Ketiga Direksi Perseroan, dengan hak substitusi, untuk 637.550 November 28, 2025
Third melaksanakan segala dan setiap tindakan yang (0,0005%) between PT Bakrie
Agenda diperlukan, dianggap perlu/baik dan dipersyaratkan Toll Indonesia and PT
dalam rangka pelaksanaan penjaminan aset tersebut, Blanko | Abstain Sarana Multi Infrastruktur
dengan tetap memperhatikan perjanjian dengan 0 (0%) (Persero) (SMI) and the
perbankan, peraturan perundang-undangan yang signing of the Share Sale
berlaku, termasuk ketentuan di bidang pasar modal. and Purchase Deed No.
147 dated November 28,
2025 between PT Bakrie
Toll Indonesia and PT
Waskita Toll Road (WTR)
took place in Jakarta on
November 28, 2025.
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TINDAK LANJUT
HASIL
/ PELAKSANA AN
PEMUNGUTAN
KEPUTUSAN RUPS
PEMBAHASAN AGENDA DAN KEPUTUSAN RUPS LUAR BIASA SUARA
LUAR BIASA
EXTRAORDINARY GMS AGENDA DISCUSSION AND RESOLUTIONS (LEMBAR SAHAM)
FOLLOW UP / EXECUTION
VOTING RESULT
OF EXTRAORDINARY
(NUMBER OF SHARES)
GMS RESOLUTIONS
Agenda Discussion: The Company’s Board of
This transaction was carried
Directors elaborated the Third Meeting Agenda.
out using loan facilities
Meeting resolution on Third Agenda:
from Hartman International
3
1. Approving the granting of guarantees for the
Ltd, PT Bank Mayapada
Company’s assets that constitute more than 50%
Internasional Tbk, and
(fifty percent) of the Company’s net assets; and
Agenda PT Bank Nationalnobu
2. Granting authority and power to the Company’s Board
Ketiga Tbk with a total amount
of Directors, with the right of substitution, to carry out
Third of Rp 5.44 trillion.
all and any actions deemed necessary/appropriate
Agenda and required in the context of implementing the asset
guarantee, while still complying with agreements
with banks, applicable laws and regulations,
including provisions in the capital market sector.
Pembahasan Agenda: Direksi Perseroan
menyampaikan penjelasan yang berkaitan Setuju | Agree
dengan Agenda Rapat Keempat. 139.776.462.691
4
Hasil keputusan rapat pada Agenda Keempat: (99,998%)
Menyetujui atas rencana transaksi material yang
dilakukan BTI sebagai perusahaan terkendali Tidak Setuju
Agenda Perseroan untuk melakukan pengambilalihan CCT. | Disagree
Keempat 1.572.550
Fourth Agenda Discussion: The Company’s Board of (0,0011%)
Agenda Directors elaborated the Fourth Meeting Agenda.
Meeting resolution on Fourth Agenda: Approving Blanko | Abstain
the material transaction plan carried out by BTI as a 0 (0%)
controlled company of the Company to acquire CCT.
Pembahasan Agenda: Direksi Perseroan menyampaikan
penjelasan yang berkaitan dengan Agenda Rapat Kelima. .
Hasil keputusan rapat pada Agenda Kelima:
1. Menyetujui perubahan susunan Dewan Komisaris
Perseroan dengan cara menambah anggota Dewan
Komisaris Perseroan, yaitu dengan mengangkat:
• Bapak Syailendra S. Bakrie sebagai
Komisaris Perseroan;
• Bapak Adika Aryasthana Bakrie sebagai
Komisaris Perseroan; dan
Setuju | Agree
• Bapak Adrian Toho Parada Panggabean
139.777.707.191
5
sebagai Komisaris Independen Perseroan.
(99,999%)
Untuk selanjutnya, susunan anggota Dewan
Tidak Setuju |
Agenda Komisaris Perseroan menjadi sebagai berikut:
Disagree
Kelima Dewan Komisaris
328.050
Fifth Komisaris Utama : Armansyah Yamin
(0,0002%)
Agenda Komisaris Independen : Raniwati
Komisaris : Syailendra S. Bakrie
Blanko | Abstain
Komisaris : Adika Aryasthana Bakrie
0 (0%)
Komisaris Independen : Adrian Toho Parada Panggabean
2. Memberikan wewenang dan kuasa kepada Direksi
Perseroan, dengan hak substitusi, untuk melaksanakan
segala dan setiap tindakan yang diperlukan, untuk
menyatakan sebagian atau seluruh keputusan Rapat
mengenai perubahan susunan anggota Dewan Komisaris
Perseroan ke dalam suatu akta notaris, melaporkan ke
instansi yang berwenang serta perbuatan-perbuatan
lainnya yang berhubungan dengan maksud tersebut.
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TINDAK LANJUT
HASIL
/ PELAKSANA AN
PEMUNGUTAN
KEPUTUSAN RUPS
PEMBAHASAN AGENDA DAN KEPUTUSAN RUPS LUAR BIASA SUARA
LUAR BIASA
EXTRAORDINARY GMS AGENDA DISCUSSION AND RESOLUTIONS (LEMBAR SAHAM)
FOLLOW UP / EXECUTION
VOTING RESULT
OF EXTRAORDINARY
(NUMBER OF SHARES)
GMS RESOLUTIONS
Masa jabatan anggota Dewan Komisaris Perseroan
yang baru berlaku efektif sejak ditutupnya Rapat sampai
dengan periode masa jabatan Dewan Komisaris Perseroan
tersebut berakhir sesuai anggaran dasar Perseroan, tanpa
mengurangi hak pemegang saham untuk memberhentikan
sewaktu-waktu sesuai dengan ketentuan yang berlaku.
Khusus untuk penetapan gaji atau honorarium dan
remunerasi anggota Dewan Komisaris Perseroan
yang baru, Pemegang Saham melimpahkan
penetapannya kepada Dewan Komisaris Perseroan
(berdasarkan Pasal 113 UUPT, serta Pasal 18 ayat 4
juncto Pasal 15 ayat 7 anggaran dasar Perseroan).
Agenda Discussion: The Company’s Board of
Directors elaborated the Fifth Meeting Agenda.
Meeting resolution on Fifth Agenda: Approving the
material transaction plan carried out by BTI as a controlled
company of the Company to provide loans to CCT.
1. Approving changes to the composition of
the Company’s Board of Commissioners by
adding members to the Company’s Board of
5
Commissioners, namely by appointing:
• Mr. Syailendra S. Bakrie as
Commissioner of the Company;
Agenda • Mr. Adika Aryasthana Bakrie as
Kelima Commissioner of the Company; and
Fifth • Mr. Adrian Toho Parada Panggabean as
Agenda Independent Commissioner of the Company.
Going forward, the composition of the Company’s
Board of Commissioners will be as follows:
Board of Commissioners
President Commissioner : Armansyah Yamin
Independent Commissioner : Raniwati
Commissioner : Syailendra S. Bakrie
Commissioner : Adika Aryasthana Bakrie
Independent Commissioner : Adrian Toho Parada
Panggabean
2. Granting authority and power to the Company’s Board
of Directors, with the right of substitution, to carry out
all and any actions necessary to declare part or all
of the Meeting’s decision regarding changes to the
composition of the Company’s Board of Commissioners
in a notarial deed, report to the competent authorities,
and perform other actions related to this purpose.
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TINDAK LANJUT
HASIL
/ PELAKSANA AN
PEMUNGUTAN
KEPUTUSAN RUPS
PEMBAHASAN AGENDA DAN KEPUTUSAN RUPS LUAR BIASA SUARA
LUAR BIASA
EXTRAORDINARY GMS AGENDA DISCUSSION AND RESOLUTIONS (LEMBAR SAHAM)
FOLLOW UP / EXECUTION
VOTING RESULT
OF EXTRAORDINARY
(NUMBER OF SHARES)
GMS RESOLUTIONS
The term of office of the new members of the Board of
Commissioners of the Company shall be effective from
the closing of the Meeting until the end of the term of
office of the Board of Commissioners of the Company in
5
accordance with the Company’s articles of association,
without prejudice to the rights of shareholders to dismiss
them at any time in accordance with the applicable
Agenda provision. Specifically for the determination of the salaries
Kelima or honoraria and remuneration of the new members of the
Fifth Company’s Board of Commissioners, the Shareholders
Agenda delegate the determination to the Company’s Board of
Commissioners (based on Article 113 of the UUPT, as well
as Article 18 paragraph 4 in conjunction with Article 15
paragraph 7 of the Company’s articles of association).
Catatan: Sesuai dengan ketentuan Pasal 47 POJK 15 dan Pasal 13 ayat 2 butir 8 Anggaran Dasar Perseroan, suara blanko (abstain),
dianggap mengeluarkan suara yang sama dengan suara mayoritas pemegang saham yang mengeluarkan suara.
Note: In accordance with the provisions of Article 47 OJK Regulations number 15 and Article 13 paragraph 2 point 8 of the Company’s Articles
of Association, blank votes (abstained), are considered to issue the same votes as the majority votes of shareholders who issue votes.
DEWAN KOMISARIS
BOARD OF COMMISSIONERS
Sesuai dengan Anggaran Dasar, Dewan Komisaris In accordance with the Articles of Association,
merupakan organ Perseroan yang memiliki fungsi the Board of Commissioners represents the
utama berupa pengawasan terhadap kepengurusan Company’s organ with main functions to supervise
Perusahaan oleh Direksi dan jajaranya. Dewan the management of the Company by the Board
Komisaris dapat memberikan pandangan, of Directors and its management. The Board of
rekomendasi dan arahan kepada Direksi terkait Commissioners provides opinions, recommendations
dengan kebijakan dan tindakan yang diambil and directives to the Board of Directors related to the
oleh Direksi, agar memenuhi prinsip Tata Kelola policies and actions taken by the Board of Directors,
Perusahaan yang baik, dan sesuai dengan Anggaran so as to fulfill good corporate governance principles,
Dasar Perseroan dan Peraturan Perundang-undangan. and in accordance with the Company’s Articles of
Dalam bertugas, Dewan Komisaris dibantu oleh Komite Association as well as the Laws and Legislations. In
Audit, Komite Manajemen Risiko, Komite Nominasi & implementing its duties, the Board of Commissioners
Remunerasi serta Komite Tata Kelola Perusahaan. is assisted by the Audit Committee, Risk Management
Committee, Nomination & Remuneration Committee,
as well as the Corporate Governance Committee.
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PEDOMAN KERJA DEWAN KOMISARIS BOARD OF COMMISSIONERS CHARTER
Dalam melaksanakan tugas dan tanggung In performing its duties and responsibilities
jawabnya melakukan pengawasan perusahaan of monitoring the company in a professional,
secara profesional, transparan, efisien dan transparent, efficient and effective manner, the
efektif, maka Dewan Komisaris menetapkan suatu Board of Commissioners have stipulated a working
pedoman pelaksanaan kerja yang merupakan guideline (Board of Commissioners Charter) which
bagian dari Board Manual Perusahaan. became a part of Company’s Board Manual.
Berikut adalah garis besar pedoman kerja The followings are the outline of Board of
Dewan Komisaris dalam Board Manual: Commissioners Charter in the Board Manual:
1. Persyaratan dan Komposisi Dewan Komisaris 1. Requirement and Composition of BOC
2. Komisaris Independen 2. Independent Commissioner
3. Program Pengenalan dan Peningkatan Kapabilitas 3. Induction and Capabilities Development Program
4. Tanggung Jawab Dewan Komisaris 4. Responsibilities of BOC
5. Tugas dan Kewajiban Dewan Komisaris 5. Duties and Responsibilities of BOC
6. Wewenang Dewan Komisaris 6. Authorities of BOC
7. Hak Dewan Komisaris 7. Rights of BOC
8. Etika Jabatan 8. Profession Ethics
9. Pengambilan Keputusan 9. Decision Making Process
10. Rapat Dewan Komisaris 10. Meetings of BOC
11. Pembuatan Risalah Rapat Dewan Komisaris 11. Preparation of Minutes of Board
12. Evaluasi Kinerja Dewan Komisaris of Commissioners’ Meeting
13. Organ Pendukung Dewan Komisaris 12. Performance Evaluation of BOC
(Komite Dewan Komisaris) 13. Supporting Organs of BOC (BOC Committees)
TUGAS DAN KEWAJIBAN DUTIES AND RESPONSIBILITIES
Tugas Dewan Komisaris adalah sebagai berikut: The duties of the BOC are as follows:
1. Melakukan pengawasan atas kebijakan 1. Supervise management policies, management
pengurusan, jalannya pengurusan pada processes in general, both regarding the
umumnya, baik mengenai Perseroan Company and the Company's business, and
maupun usaha Perseroan, dan memberi provide advice to the Directors that include:
nasihat kepada Direksi yang meliputi:
a. Scrutinizing, analyzing and signing
a. Meneliti dan menelaah serta menandatangani the Annual Financial Report.
Laporan Keuangan Tahunan.
b. Supervision on annual budget,
b. Pengawasan terhadap anggaran business plans and preparation of
tahunan, rencana-rencana usaha, business strategy of the Company.
penyusunan strategi bisnis Perseroan.
c. Supervision on the running of the Company
c. Pengawasan terhadap jalannya and the Company's business in general.
pengurusan Perseroan maupun
d. Supervision on the GCG implementation
usaha Perseroan pada umumnya.
and business risk management
d. Pengawasan terhadap penerapan GCG implementation by the BOD.
dan pelaksanaan penanganan risiko
2. Carry out supervision to:
usaha (manajemen risiko) oleh Direksi.
a. Ensure the effectiveness of internal control
system and ensure the effectiveness
2. Melakukan pengawasan untuk:
of tasks implementation of External
a. Memastikan efektivitas sistem pengendalian Auditor and Internal Auditor.
internal dan efektivitas pelaksanaan tugas
b. Ensure there is no violation of business ethics.
Auditor Eksternal and Auditor Internal.
b. Memastikan tidak terjadinya
pelanggaran etika bisnis.
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3. Melakukan penilaian atas kinerja Direksi. 3. Assess the performance of the BOD.
4. Memberikan usulan sebagai berikut: 4. Give suggestions for the following matters:
a. Prosedur nominasi bagi anggota a. Propose nomination procedure for members
Dewan Komisaris dan Direksi Perseroan of BOC and BOD to the shareholders.
kepada pemegang saham. b. Propose remuneration system for the BOC
b. Prosedur sistem remunerasi bagi and BOD to be approved in the GMS.
Dewan Komisaris dan Direksi 5. Keeping up with the development of the
untuk disetujui dalam RUPS. Company’s activities and in the event that
5. Mengikuti perkembangan kegiatan the Company shows symptoms of setbacks
Perseroan dan dalam hal Perseroan immediately provide suggestions and corrective
menunjukkan gejala kemunduran segera steps that must be taken to the BOD.
memberikan saran dan langkah perbaikan
yang harus ditempuh kepada Direksi.
The responsibilities of the BOC are as follows:
Kewajiban Dewan Komisaris adalah sebagai berikut: 1. The BOC must be with good faith and prudence
as well as responsible in carrying out supervisory
1. Dewan Komisaris wajib dengan itikad baik, kehati- duties and providing advice to the Directors for
hatian dan bertanggung jawab dalam menjalankan the interests of the Company and in accordance
tugas pengawasan dan pemberian nasihat with the aims and objectives of the Company.
kepada Direksi untuk kepentingan Perseroan dan 2. Every member of BOC must carry out his/
sesuai dengan maksud dan tujuan Perseroan. her duties with full responsibility and does not
2. Setiap anggota Dewan Komisaris wajib perform disgraceful behavior in any form.
melaksanakan tugas dengan penuh rasa 3. Provide opinion and suggestion to the
tanggung jawab dan tidak melakukan GMS concerning the Budget Plan and
perbuatan tercela dalam bentuk apa pun. Company’s Budget proposed by the BOD.
3. Memberikan pendapat dan saran kepada 4. Keeping up with the Company’s activities,
RUPS mengenai Rencana Anggaran dan provide opinion and suggestion to the AGM
Anggaran Perseroan yang diusulkan Direksi. concerning every issue that is deemed
4. Mengikuti perkembangan kegiatan Perseroan, important by the Company management.
memberikan pendapat dan saran kepada 5. In certain conditions, the BOC is obligated
RUPS mengenai setiap masalah yang dianggap to hold Annual GMS and other GMS
penting bagi kepengurusan Perseroan. according to its authority as regulated in
5. Dalam kondisi tertentu, Dewan Komisaris the prevailing laws and regulations and
wajib menyelenggarakan RUPS Tahunan dan the Company’s Articles of Association.
RUPS lainnya sesuai dengan kewenangannya 6. Provide suggestions and advice to solve
sebagaimana diatur dalam peraturan perundangan issues to the BOD if there is any indication
yang berlaku dan Anggaran Dasar Perseroan. of the Company’s performance decline.
6. Memberikan saran dan nasihat jalan 7. Carry out duties with full responsibility
keluar kepada Direksi apabila terjadi and do not perform disgraceful behavior,
gejala menurunnya kinerja Perseroan. without ulterior motives for interests of
7. Melaksanakan tugas dengan penuh rasa personal, family, crony or group.
tanggung jawab dan tidak melakukan perbuatan 8. Carry out duties and responsibilities with good
tercela, tanpa pamrih baik untuk kepentingan faith, full responsibility and with prudence.
pribadi, keluarga, kroni maupun kelompok.
9. Carry out supervision on compliance
8. Melaksanakan tugas dan tanggung jawab dengan to prevailing laws and regulations and
itikad baik, penuh tanggung jawab, dan kehati-hatian. Company’s Articles of Association.
9. Melakukan pengawasan terhadap ditaatinya 10. Carry out supervision on adherence to
pelaksanaan peraturan perundangan yang confidentiality of Company’s information
berlaku dan Anggaran Dasar Perseroan. that is not public information.
10. Melakukan pengawasan terhadap 11. Other responsibilities in accordance with
ditaatinya rahasia informasi Perseroan yang the Company’s Articles of Association.
bukan merupakan informasi publik.
11. Kewajiban lainnya sesuai dengan
Anggaran Dasar Perseroan.
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PEMBAGIAN TUGAS DEWAN KOMISARIS SEGREGATION OF DUTIES OF THE
Adapun pembagian peran menurut
BOARD OF COMMISSIONERS
jabatan di Dewan Komisaris adalah: The following are the roles based on the
position of the Board of Commissioners:
JABATAN PERAN DALAM MENJALANKAN FUNGSI KOMITE PERUSAHAAN
POSITION ROLE IN PERFORMING COMPANY’S COMMITTEE FUNCTION
Memantau serta mengawasi kegiatan Komite Investasi & Manajemen
Risiko dan Komite Tata Kelola Perusahaan, dan menjalankan fungsi dan
Komisaris Utama tanggung jawab sebagai anggota Komite Nominasi & Remunerasi.
President Commissioner To monitor and supervise the activity of the Investment & Risk Management
Committee and Corporate Governance Committee, as well as to conduct functions
and responsibilities as a member of the Nomination & Remuneration Committee.
Memantau serta mengawasi kegiatan Komite Audit dan Komite Nominasi &
Remunerasi, dan menjalankan fungsi dan tanggung jawab sebagai anggota
Komisaris Independen
Komite Investasi & Manajemen Risiko dan Komite Tata Kelola Perusahaan.
Independent
To monitor and supervise the activity of the Audit Committee and Nomination & Remuneration
Commissioner
Committee, as well as to conduct functions and responsibilities as a member of the
Investment & Risk Management Committee and Corporate Governance Committee.
Memantau dan menjalankan fungsi dan tanggung jawab sebagai anggota Komite
Komisaris Investasi & Manajemen Risiko dan Komite Tata Kelola Perusahaan.
Commissioner To monitor and to conduct functions and responsibilities as a member of the Investment
& Risk Management Committee and Corporate Governance Committee.
SUSUNAN DEWAN KOMISARIS BOARD OF COMMISSIONERS
Sesuai dengan keputusan Rapat Umum
COMPOSITION
Pemegang Saham Luar Biasa tanggal 10 Pursuant to the resolutions of Extraordinary
September 2025, susunan Dewan Komisaris General Meeting of Shareholders dated
adalah sebagai berikut: [GRI 2-9] September 10, 2025, the composition of the
Board of Commissioners is as follows: [GRI 2-9]
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SUSUNAN PENUNJUKAN PERTAMA
COMPOSITION FIRST APPOINTMENT
RAPAT UMUM FOKUS BIDANG
PEMEGANG PENGAWASAN
JABATAN NAMA SAHAM DOKUMEN PENGESAHAN FOCUS OF MONITORING AREAS
POSITION NAME GENERAL DOCUMENTS RATIFICATIONS
MEETING OF
SHAREHOLDERS
Memantau serta mengawasi kegiatan
Komite Investasi & Manajemen Risiko
AHU- dan Komite Tata Kelola Perusahaan,
Akta tanggal AH.01.10-12847, dan menjalankan fungsi dan
7 Juli 2009 tanggal 12 tanggung jawab sebagai anggota
Komisaris
30 Juni 2009 No. 33 Agustus 2009 Komite Nominasi & Remunerasi.
Utama Armansyah
June 30, To monitor and supervise the activity
President Yamin
2009t Deed dated AHU- of the Investment & Risk Management
Commissioner
July 7, 2009 AH.01.10-12847, Committee and Corporate Governance
No. 33 dated August Committee, as well as to conduct
12, 2009 functions and responsibilities as
a member of the Nomination &
Remuneration Committee.
Memantau serta mengawasi kegiatan
Komite Nominasi & Remunerasi, dan
menjalankan fungsi dan tanggung
AHU-0163098.
jawab sebagai anggota Komite Audit,
Akta tanggal AH.01.11 Tahun
Komite Investasi & Manajemen Risiko
16 Agustus 2022, tanggal
Komisaris dan Komite Tata Kelola Perusahaan.
2022 No. 66 19 Agustus 2022
Independen 21 Juli 2022 To monitor and supervise the activity
Raniwati
Independent July 21, 2022 of the Nomination & Remuneration
Deed dated AHU-0163098.
Commissioner Committee, as well as to conduct
August 16, AH.01.11 Year
functions and responsibilities as a
2022 No. 66 2022, dated
member of the Audit Committee,
August 19, 2022
Investment & Risk Management
Committee and Corporate
Governance Committee.
AHU-AH.01.09-
Memantau dan menjalankan fungsi
0339329 Tahun
Akta tanggal dan tanggung jawab sebagai anggota
2025, tanggal
10 September Komite Investasi & Manajemen Risiko
10 September 18 September
2025 No. 20 dan Komite Tata Kelola Perusahaan.
Komisaris Syailendra 2025 2025
To monitor and to conduct
Commissioner S. Bakrie September AHU-AH.01.09-
Deed dated functions and responsibilities as
10, 2025 0339329 Year
September 10, a member of the Investment &
2025, dated
2025 No. 20 Risk Management Committee and
September
Corporate Governance Committee.
18, 2025
AHU-AH.01.09-
Memantau dan menjalankan fungsi
0339329 Tahun
Akta tanggal dan tanggung jawab sebagai anggota
2025, tanggal
10 September Komite Investasi & Manajemen Risiko
10 September 18 September
Adika 2025 No. 20 dan Komite Tata Kelola Perusahaan.
Komisaris 2025 2025
Aryasthana To monitor and to conduct
Commissioner September AHU-AH.01.09-
Bakrie Deed dated functions and responsibilities as
10, 2025 0339329 Year
September 10, a member of the Investment &
2025, dated
2025 No. 20 Risk Management Committee and
September
Corporate Governance Committee.
18, 2025
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SUSUNAN PENUNJUKAN PERTAMA
COMPOSITION FIRST APPOINTMENT
RAPAT UMUM FOKUS BIDANG
PEMEGANG PENGAWASAN
JABATAN NAMA SAHAM DOKUMEN PENGESAHAN FOCUS OF MONITORING AREAS
POSITION NAME GENERAL DOCUMENTS RATIFICATIONS
MEETING OF
SHAREHOLDERS
Memantau serta mengawasi kegiatan
Komite Audit, dan menjalankan fungsi
AHU-AH.01.09-
dan tanggung jawab sebagai anggota
0339329 Tahun
Akta tanggal Komite Nominasi & Remunerasi ,
2025, tanggal
10 September Komite Investasi & Manajemen Risiko
Komisaris 10 September 18 September
2025 No. 20 dan Komite Tata Kelola Perusahaan.
Independen Adrian T.P. 2025 2025
To monitor and supervise the activity
Independent Panggabean September AHU-AH.01.09-
Deed dated of the Audit Committee, as well as to
Commissioner 10, 2025 0339329 Year
September 10, conduct functions and responsibilities
2025, dated
2025 No. 20 as a member of the Nomination &
September
Remuneration Committee , Investment
18, 2025
& Risk Management Committee and
Corporate Governance Committee.
PENDELEGASIAN WEWENANG DELEGATION OF AUTHORITY
Seorang anggota Dewan Komisaris dapat A member of the Board of Commissioners may
mendelegasikan wewenangnya kepada delegate his/her authority to another member
anggota Dewan Komisaris lainnya dengan of the Board of Commissioners by issuing a
membuat kuasa tertulis yang diberikan khusus written proxy made specifically for the occasion
untuk keperluan tersebut dengan tetap with adherence to the Board Manual.
berpedoman kepada Board Manual.
During 2025 there was no delegation of authority
Selama tahun 2025 tidak terdapat pendelegasian among Board of Commissioners members to
wewenang antar anggota Dewan Komisaris untuk attend meeting and/or to make decisions.
menghadiri rapat dan/atau mengambil keputusan.
INDEPENDENT COMMISSIONERS
KOMISARIS INDEPENDEN
Pursuant to the Financial Services Authority
Sesuai dengan Peraturan Otoritas Jasa Keuangan Regulation Number 33/POJK.04/2014, stating that
Nomor 33/POJK.04/2014, disebutkan bahwa Komisaris the Independent Commissioner shall be constituted
Independen adalah anggota Dewan Komisaris yang as member of the Board of Commissioners,
berasal dari luar Emiten atau Perusahaan Publik assigned from external party Public Companies,
dan memenuhi persyaratan sebagai Komisaris. and meeting the requirement as Commissioner.
Komisaris Independen tidak memiliki hubungan The Independent Commissioners shall not have
keuangan, kepengurusan, kepemilikan saham dan/ any financial, management, ownership and/or
atau hubungan keluarga sampai dengan derajat kedua familial relations up to the second degree with
dengan anggota Dewan Komisaris lainnya, Direksi other members of the Board of Commissioners,
dan/atau pemegang saham pengendali atau hubungan Board of Directors and/or controlling shareholders
dengan Perusahaan yang dapat mempengaruhi or any relations with the Company that may
kemampuannya untuk bertindak independen. Tugas influence its capabilities to act independently. The
utama Komisaris Independen adalah melakukan main duties of Independent Commissioners are
pengawasan serta menjaga terpenuhinya hak to supervise and maintain the fulfillment of rights
serta kewajiban pemegang saham minoritas. and obligations of the minority shareholders.
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Komisaris Independen wajib memenuhi The requirements of Independent Commissioners
persyaratan sebagai berikut: shall meet the following criteria:
1. bukan merupakan orang yang bekerja atau 1. does not work nor constitute any authorities and
mempunyai wewenang dan tanggung jawab untuk responsibilities to plan, lead, control, or supervise
merencanakan, memimpin, mengendalikan, atau the activity of the Public Companies in the last
mengawasi kegiatan Emiten atau Perusahaan 6 (six) month, except the re-appointment as
Publik tersebut dalam waktu 6 (enam) bulan the Independent Commissioners of the Issuers
terakhir, kecuali untuk pengangkatan kembali or Listed Companies for the next period;
sebagai Komisaris Independen Emiten atau 2. does not have any direct or indirect
Perusahaan Publik pada periode berikutnya; shares in the Public Companies;
2. tidak mempunyai saham baik langsung 3. does not have Affiliated relations with the
maupun tidak langsung pada Emiten Public Companies, members of the Board
atau Perusahaan Publik tersebut; of Commissioners, members of the Board
3. tidak mempunyai hubungan Afiliasi dengan of Directors, or majority shareholders
Emiten atau Perusahaan Publik, anggota of the Public Companies; and
Dewan Komisaris, anggota Direksi, atau 4. does not have direct or indirect business
pemegang saham utama Emiten atau associations that are related to the business
Perusahaan Publik tersebut; dan activity of the Public Companies.
4. tidak mempunyai hubungan usaha baik
langsung maupun tidak langsung yang
CONCURRENT POSITION OF MEMBERS
berkaitan dengan kegiatan usaha Emiten
atau Perusahaan Publik tersebut.
OF THE BOARD OF COMMISSIONERS
The Regulation of Financial Services Authority Number
33/POJK.04/2014 concerning the Board of Directors
RANGKAP JABATAN ANGGOTA
and the Board of Commissioners of Issuers or Listed
DEWAN KOMISARIS Companies, stipulated that Members of the Board
Peraturan Otoritas Jasa Keuangan Nomor 33/ of Commissioners can hold concurrent position as:
POJK.04/2014 tentang Direksi dan Dewan
Komisaris Emiten atau Perusahaan Publik, 1. member of the Board of Directors at maximum
menerangkan bahwa Anggota Dewan Komisaris 2 (two) other Issuers or Public Companies; and
dapat merangkap jabatan sebagai: 2. member of the Board of Commissioners
at maximum 2 (two) other Issuers
1. anggota Direksi paling banyak pada 2 (dua) or Public Companies.
Emiten atau Perusahaan Publik lain; dan
2. anggota Dewan Komisaris paling banyak pada The following are the Board of Commissioners’
2 (dua) Emiten atau Perusahaan Publik lain. description on concurrent position in 2025:
Pada tahun 2025 keterangan rangkap jabatan
Dewan Komisaris adalah sebagai berikut:
NAMA PERUSAHAAN JABATAN
NAME COMPANY POSITION
Komisaris
Armansyah Yamin PT Bakrieland Development Tbk
Commissioner
Raniwati - -
Direktur Utama
Syailendra S. Bakrie PT Energi Mega Persada Tbk
President Director
Direktur
Adika Aryasthana Bakrie PT Bumi Resources Minerals Tbk
Director
Adrian T.P. Panggabean -
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KEPEMILIKAN SAHAM ANGGOTA SHARES OWNERSHIP OF MEMBERS
DEWAN KOMISARIS OF THE BOARD OF COMMISSIONERS
Perusahaan juga mewajibkan anggota Dewan The Company also requests that members of the
Komisaris untuk mengungkapkan kepemilikan Board of Commissioners shall disclose the shares
saham baik kepemilikan saham pada Perusahaan ownership both in the Company as well as other
maupun pada perusahaan lain, yang berkedudukan companies, domiciled both in Indonesia and overseas,
di dalam dan di luar negeri dalam suatu laporan in which report must be renewed annually.
yang harus diperbaharui setiap tahunnya.
The following are the Board of Commissioners
Kepemilikan Dewan Komisaris atas saham Perusahaan members ownership of Company
pada 31 Desember 2025 adalah sebagai berikut: shares per December 31, 2025:
KEPEMILIKAN PERSENTASE
NAMA JABATAN SAHAM (LEMBAR) KEPEMILIKAN (%)
NAME POSITION SHARES OWNERSHIP OWNERSHIP
(SHARES) PERCENTAGE (%)
Komisaris Utama
Armansyah Yamin 4.016.799 0,00%
President Commissioner
Komisaris Independen
Raniwati 0 -
Independent Commissioner
Komisaris
Syailendra S. Bakrie 0 -
Commissioner
Komisaris
Adika Aryasthana Bakrie 0 -
Commissioner
Komisaris Independen
Adrian T.P. Panggabean 0 -
Independent Commissioner
PROGRAM PENGENALAN INDUCTION PROGRAM FOR THE
UNTUK DEWAN KOMISARIS BOARD OF COMMISSIONERS
Keberadaan Program Pengenalan sangat penting Induction Program implementation is vital
untuk dilaksanakan mengingat perbedaan latar considering the variety of backgrounds of Board
belakang Anggota Dewan Komisaris. Program of Commissioners members. Induction Program
Pengenalan yang diberikan dapat berupa presentasi, can be carried out in the form of presentation,
pertemuan, atau kunjungan ke fasilitas Perusahaan. meeting, or visit to Company facilities. The Induction
Program Pengenalan dapat juga berupa program- Program can also be in the form of other programs
program lain yang disesuaikan dengan kebutuhan deemed necessary by the Company. The Induction
Perusahaan. Prosedur pelaksanaan Program Program procedures cover the following matters:
Pengenalan meliputi hal-hal sebagai berikut:
1. The Induction Program about the Company
1. Program Pengenalan mengenai Perusahaan must be presented to Board of Commissioners
wajib diberikan kepada Anggota Dewan members in their first time of serving as
Komisaris yang baru pertama kali menjabat Company Board of Commissioners.
sebagai Dewan Komisaris di Perusahaan. 2. The President Commissioner holds
2. Komisaris Utama bertanggung jawab atas the responsibility of Induction Program
pelaksanaan Program Pengenalan. Jika Komisaris implementation. If the President Commissioner
Utama berhalangan atau termasuk anggota is absent or he/she is a participant of
Dewan Komisaris yang harus mengikuti Program the Induction Program, the responsibility
Pengenalan, maka tanggung jawab pelaksanaan is held by the Board of Directors.
Program Pengenalan berada pada Direksi.
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3. Materi yang diberikan pada Program Pengenalan 3. The Induction Program topic includes introductory
meliputi gambaran mengenai kegiatan bisnis to Company’s business activities, financial and
Perusahaan, kinerja keuangan dan operasi, operational performance, short term and long
rencana usaha jangka pendek dan jangka term work plan, Good Corporate Governance
panjang, prinsip-prinsip Good Corporate principles, authorities that are permitted to be
Governance, kewenangan yang didelegasikan, delegated, internal and external audit, Internal
audit internal dan eksternal, Sistem Pengendalian Control System, the Board of Commissioners
Internal, Komite Penunjang Dewan Komisaris, Supporting Committees, duties and
tugas dan tanggung jawab Dewan Komisaris responsibilities of the Board of Commissioners
dan Direksi, dan hal-hal strategis lainnya. and Board of Directors, and other strategic issues.
Pada tahun 2025 program pengenalan diadakan untuk In 2025 the induction program was carried out for
Syailendra S. Bakrie, Adika Aryasthana Bakrie, dan Syailendra S. Bakrie, Adika Aryasthana Bakrie, and
Adrian Toho Parada Panggabean yang bergabung Adrian Toho Parada Panggabean who joined PT Bakrie
dalam PT Bakrie & Brothers Tbk sebagai anggota & Brothers Tbk as members of Company’s Board of
Dewan Komisaris Perusahaan sesuai keputusan Commissioners in accordance with the resolution
RUPS Luar Biasa tanggal 10 September 2025. of Extraordinary GMS dated September 10, 2025.
PROGRAM PENINGKATAN THE BOARD OF COMMISSIONERS
KAPABILITAS DEWAN KOMISARIS CAPABILITIES DEVELOPMENT PROGRAM
Perusahaan menyelenggarakan program pelatihan The Company holds the development and training
dan pengembangan untuk Dewan Komisaris, yang programs for the Board of Commissioners, which
relevan dengan fungsi utama Dewan Komisaris were relevant to the main functions of the Board
serta topik-topik yang berhubungan dengan strategi of Commissioners, including topics related to the
bisnis Perusahaan, peraturan dan perundang- Company’s business strategy, regulations and
undangan terkait, mengenai industri serta ekonomi legislations, as well as information and guideline on
yang dapat memberikan informasi dan petunjuk industries and economics issues that can provide
mengenai arah usaha Perusahaan di masa depan future business direction for the Company.
Selama tahun 2025 para anggota Dewan In 2025 the Board of Commissioners members
Komisaris mengikuti beberapa kegiatan pelatihan attended several development and training activities
dan pengembangan yang diadakan oleh pihak held by the Company as well as external parties,
internal dan eksternal Perusahaan, termasuk including the topics that related with the recent and
untuk topik-topik terkait perkembangan terkini latest development in ESG - Environmental, Social,
perihal ESG - Environmental, Social, and and Governance, including the latest development
Governance, termasuk perkembangan terkini in climate-related risk and opportunities, as
terkait dengan risiko dan peluang iklim juga well as human rights. [SEOJK E.2] [GRI 2-17]
hak asasi manusia. [SEOJK E.2] [GRI 2-17]
MEETINGS OF THE BOARD
RAPAT DEWAN KOMISARIS OF COMMISSIONERS
Dewan Komisaris dapat menyelenggarakan The Board of Commissioners holds the Board of
rapat Dewan Komisaris, atau menghadiri rapat Commissioners’ meeting, or attends the meeting
yang diselenggarakan Komite di bawah Dewan held by the Committees under the Board of
Komisaris, atau menghadiri rapat bersama Direksi Commissioners, or attends the joint meeting with the
dan organ-organ perusahaan yang lain. Board of Directors and other company’s organs.
KEHADIRAN KOMISARIS DALAM RAPAT COMMISSIONERS ATTENDANCE AT
INTERNAL DEWAN KOMISARIS THE BOARD OF COMMISSIONERS
Anggaran Dasar Perseroan mewajibkan Dewan INTERNAL MEETING
Komisaris mengadakan rapat internal sedikitnya The Company’s Articles of Association stipulates the
6 (enam) kali dalam setahun. Selama tahun 2025 Board of Commissioners to hold an internal meeting
Dewan Komisaris mengadakan rapat internal at least 6 (six) times per year. During 2025 the Board
sebanyak 14 (empat belas) kali, dengan rincian of Commissioners held 14 (fourteen) internal meetings,
agenda dan kehadiran sebagai berikut: with the following detailed agenda and attendance:
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BOARD OF COMMISSIONER
TANGGAL
NO. AGENDA
DATE
AY RN SSB* AYB* AP*
6 Februari 2025 Rapat Internal Dewan Komisaris
1 1 1 - - -
February 6, 2025 Internal Meeting BOC
17 Maret 2025 Rapat Internal Dewan Komisaris
2 1 1 - - -
March 17, 2025 Internal Meeting BOC
Presentasi Laporan Keuangan Tahunan
24 Maret 2025 BNBR per 31 Desember 2024
3 1 1 - - -
March 24, 2025 Presentation of BNBR Annual Financial
Report per December 31, 2024
Presentasi Laporan Keuangan Triwulan
28 April 2025 1 BNBR per 31 Maret 2025
4 1 1 - - -
April 28, 2025 Presentation of BNBR First Quarter
Financial Report per March 31, 2025
23 Juni 2025 Rapat Persiapan RUPS Tahunan BNBR
5 1 1 - - -
June 23, 2025 Preparation Meeting for BNBR Annual GMS
Presentasi Laporan Keuangan Tengah
28 Juli 2025 Tahun BNBR per 30 Juni 2025
6 1 1 - - -
July 28, 2025 Presentation of BNBR Mid-Year Financial
Report per June 30, 2025
31 Juli 2025 Rapat Internal Dewan Komisaris
7 1 1 - - -
July 30, 2025 Internal Meeting BOC
1 September 2025 Rapat Persiapan RUPS Luar Biasa BNBR
8 1 1 - - -
September 1, 2025 Preparation Meeting for BNBR Extraordinary GMS
4 September 2025 Rapat Internal Dewan Komisaris
9 1 1 - - -
September 4, 2025 Internal Meeting BOC
10 September 2025 Pelaksanaan RUPS Luar Biasa BNBR
10 1 1 - - -
September 10, 2025 Execution of BNBR Extraordinary GMS
7 Oktober 2025 Rapat Internal Dewan Komisaris
11 1 1 1 1 1
October 7, 2025 Internal Meeting BOC
Presentasi Laporan Keuangan Triwulan
17 November 2025 3 BNBR per 30 September 2025
12 1 1 1 1 1
November 17, 2025 Presentation of BNBR Third Quarter Financial
Report per September 30, 2025
5 Desember 2025 Pembahasan situasi terkini Unit-unit Usaha BNBR
13 1 1 1 1 1
December 5, 2025 Discussion on latest situation of BNBR Business Units
16 Desember 2025
14 BNBR Strategic Briefing 2026 1 1 1 1 1
December 16, 2025
Total 14 14 4 4 4
Persentase Kehadiran
100% 100% 100% 100% 100%
Attendance Percentage
Keterangan | Description:
AY : Armansyah Yamin
RN : Raniwati - : Belum / sudah tidak menjabat 0 : Tidak hadir 1 : Hadir
SSB : Syailendra S. Bakrie - : Not yet / no longer served 0 : Did not attend 1 : Attended
AYB : Adika Aryasthana Bakrie
AP : Adrian T.P. Panggabean
*) Syailendra S. Bakrie (SSB), Adika Aryasthana Bakrie (AYB), dan Adrian T.P. Panggabean (AP) mulai menjabat sebagai Komisaris sesuai keputusan Rapat Umum Pemegang Saham
Luar Biasa pada tanggal 10 September 2025.
Syailendra S. Bakrie (SSB), Adika Aryasthana Bakrie (AYB), and Adrian T.P. Panggabean (AP) began their tenure as Commissioner as stipulated by the decision of Extraordinary
General Meeting of Shareholders on September 10, 2025.
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HUBUNGAN KERJA DEWAN WORKING RELATIONS OF THE BOARD
KOMISARIS DAN DIREKSI OF COMMISSIONERS AND DIRECTORS
Dewan Komisaris bertanggung jawab untuk The Board of Commissioners has the responsibility
mengawasi pengelolaan Perseroan yang dilakukan to supervise the Company’s management by the
oleh Direksi dan jajarannya. Untuk itu Dewan Board of Directors and its management. To that
Komisaris dan Direksi wajib memelihara hubungan end, the Board of Commissioners and Directors
kerja yang harmonis dan sinergis sesuai dengan shall maintain harmonious and synergic working
Anggaran Dasar Perseroan. Dewan Komisaris dan relations, in accordance with the Company’s Articles
Direksi diwajibkan oleh Anggaran Dasar Perseroan of Association. The Board of Commissioners
untuk menyelenggarakan rapat gabungan sedikitnya and Board of Directors are stipulated by the
3 (tiga) kali dalam setahun. Selama tahun 2025, Company’s Articles of Association to hold a joint
Dewan Komisaris dan Direksi mengadakan rapat meeting at least 3 (three) times per year. During
gabungan sebanyak 10 (sepuluh) kali. Rapat 2025, the Board of Commissioners and Board of
Gabungan Dewan Komisaris dan Direksi, dengan Directors held 10 (ten) Joint Meetings, with the
rincian agenda dan kehadiran sebagai berikut: following detailed agenda and attendance:
DEWAN KOMISARIS DIREKSI
TANGGAL BOC BOD
NO AGENDA
DATE
AY RN SSB AYB AP ANB AAB RH YS KS
Presentasi Laporan Keuangan Tahunan
24 Maret 2025 BNBR per 31 Desember 2024
1 1 1 - - - 1 1 1 1 1
March 24, 2025 Presentation of BNBR Annual Financial
Report per December 31, 2024
Presentasi Laporan Keuangan
28 April 2025 Triwulan 1 BNBR per 31 Maret 2025
2 1 1 - - - 1 1 1 1 1
April 28, 2025 Presentation of BNBR First Quarter
Financial Report per March 31, 2025
Rapat Persiapan RUPS Tahunan BNBR
23 Juni 2025
3 Preparation Meeting for 1 1 - - - 1 1 1 1 1
June 23, 2025
BNBR Annual GMS
Pembahasan Situasi Terkini
30 Juni 2025 Unit-unit Usaha BNBR
4 1 1 - - - 1 1 1 1 1
June 30, 2025 Discussion on Latest Update
of BNBR Business Units
Presentasi Laporan Keuangan Tengah
28 Juli 2025 Tahun BNBR per 30 Juni 2025
5 1 1 - - - 1 1 1 1 1
July 28, 2025 Presentation of BNBR Mid-Year
Financial Report per June 30, 2025
Rapat Persiapan RUPS Luar Biasa BNBR
1 September 2025
6 Preparation Meeting for BNBR 1 1 - - - 1 1 1 1 1
September 1, 2025
Extraordinary GMS
10 September 2025 Pelaksanaan RUPS Luar Biasa BNBR
7 1 1 - - - 1 1 1 1 1
September 10, 2025 Execution of BNBR Extraordinary GMS
Presentasi Laporan Keuangan Triwulan
3 BNBR per 30 September 2025
17 November 2025
8 Presentation of BNBR Third 1 1 1 1 1 1 1 1 1 1
November 17, 2025
Quarter Financial Report per
September 30, 2025
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DEWAN KOMISARIS DIREKSI
TANGGAL BOC BOD
NO AGENDA
DATE
AY RN SSB AYB AP ANB AAB RH YS KS
Pembahasan situasi terkini
5 Desember 2025 Unit-unit Usaha BNBR
9 1 1 1 1 1 1 1 1 1 1
December 5, 2025 Discussion on latest situation
of BNBR Business Units
16 Desember 2025
10 BNBR Strategic Briefing 2026 1 1 1 1 1 1 1 1 1 1
December 16, 2025
Total 9 9 9 9 9 9 9
Persentase Kehadiran
100% 100% 100% 100% 100% 100% 100%
Attendance Percentage
Keterangan | Description:
AY : Armansyah Yamin ANB : Anindya Novyan Bakrie *) Syailendra S. Bakrie (SSB), Adika Aryasthana Bakrie (AYB), dan Adrian T.P.
RN : Raniwati AAB : A. Ardiansyah Bakrie Panggabean (AP) mulai menjabat sebagai Komisaris sesuai keputusan Rapat
SSB : Syailendra S. Bakrie RH : Roy Hendrajanto M. Sakti Umum Pemegang Saham Luar Biasa pada tanggal 10 September 2025.
AYB : Adika Aryasthana Bakrie YS : R.A. Sri Dharmayanti Syailendra S. Bakrie (SSB), Adika Aryasthana Bakrie (AYB), and Adrian T.P.
AP : Adrian T.P. Panggabean KS : Kartini Sally Panggabean (AP) began their tenure as Commissioner as stipulated by the
decision of Extraordinary General Meeting of Shareholders on September
- : Belum / sudah tidak menjabat 0 : Tidak hadir 1 : Hadir 10, 2025.
- : Not yet / no longer served 0 : Did not attend 1 : Attended
KEHADIRAN KOMISARIS DALAM COMMISSIONERS ATTENDANCE
RAPAT GABUNGAN DEWAN IN BOC-BOD JOINT MEETING
KOMISARIS - DIREKSI Percentage of Board of Commissioners’ attendance
Persentase kehadiran Dewan Komisaris Komisaris in the Board of Commissioners and Directors
dalam Rapat Gabungan Dewan Komisaris dan Joint Meetings when each member holds the
Direksi saat masing-masing anggota menjabat position as Commissioner is as follow:
sebagai Komisaris adalah sebagai berikut:
JUMLAH RAPAT PERSENTASE KEHADIRAN
NAMA DALAM SETAHUN JUMLAH KEHADIRAN DALAM RAPAT
NAME TOTAL OF MEETINGS ATTENDANCE PERCENTAGE OF
HELD IN A YEAR ATTENDANCE IN MEETING
Armansyah Yamin 10 10 100%
Raniwati 10 10 100%
Syailendra S. Bakrie 3 3 100%
Adika Aryasthana Bakrie 3 3 100%
Adrian T.P. Panggabean 3 3 100%
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PERSETUJUAN DEWAN KOMISARIS BOARD OF COMMISSIONERS APPROVALS
ATAS TRANSAKSI YANG MENJADI FOR TRANSACTIONS UNDER THE
WEWENANG DIREKSI AUTHORITIES OF BOARD OF DIRECTORS
Direksi berwenang melakukan transaksi- The Board of Directors has the authority to perform
transaksi berikut setelah memperoleh the following transactions only after gaining written
persetujuan tertulis dari Dewan Komisaris. approval from the Board of Commissioners.
1. Menerima pendanaan dari pihak lain atau 1. Accepting financing from other parties or
memberikan komitmen berkenaan dengan giving commitment related to such financing to
pendanaan tersebut kepada pihak lain, apabila other parties, if the financing amount exceeds
jumlah pendanaan tersebut melebihi jumlah the amount specified in the annual budget
yang ditetapkan dalam anggaran tahunan approved by the Board of Commissioners.
yang telah disetujui oleh Dewan Komisaris. 2. Giving financial loans to anyone, except
2. Memberi pinjaman uang kepada siapapun, for or not including loans directly related
kecuali atau tidak termasuk pinjaman to trading business activities.
yang mempunyai hubungan langsung 3. Binding the Company as guarantor.
dengan kegiatan usaha perdagangan.
4. Hypothecating Company’s assets
3. Mengikat Perseroan sebagai penjamin. while paying attention to provisions of
4. Menggadaikan harta kekayaan Perseroan Company’s Articles of Association.
dengan memperhatikan ketentuan 5. Selling or releasing and/or buying or
pada Anggaran Dasar Perseroan. acquiring immovable goods owned by the
5. Menjual atau melepaskan dan/atau membeli Company, including the rights on land.
atau memperoleh barang tidak bergerak milik 6. Conducting sharing and/or releasing
Perseroan termasuk hak-hak atas tanah. the sharing in other Companies.
6. Melakukan penyertaan dan/atau melepaskan 7. Proposing to issue the shares in the Company.
penyertaan dalam perseroan lain.
8. Deciding the annual budget, business plans and
7. Usulan untuk mengeluarkan saham- preparing the business strategy of the Company.
saham dalam Perseroan.
9. Deciding and/or making alteration to the
8. Menetapkan anggaran tahunan, rencana-rencana Company’s management structure including
usaha, penyusunan strategi bisnis Perseroan. appointment of Chief Executive Officer.
9. Menetapkan dan/atau mengadakan perubahan 10. Other matters regulated in the
struktur manajemen Perseroan termasuk Company’s Articles of Association.
pengangkatan Chief Executive Officer.
10. Hal-hal lain yang diatur dalam
Anggaran Dasar Perseroan. THE BOARD OF COMMISSIONERS
PERFORMANCE ASSESSMENT [GRI 2-18]
PENILAIAN KINERJA DEWAN Performance assessment or evaluation of the BOC
KOMISARIS [GRI 2-18] is carried out based on the following principles:
Penilaian atau evaluasi kinerja Dewan Komisaris 1. Performance of BOC and members of BOC will
dilakukan berdasarkan prinsip-prinsip: be evaluated by the shareholders in the GMS.
2. In general, performance of the BOC is stipulated
1. Kinerja Dewan Komisaris dan anggota
based on its duties and responsibilities as
Dewan Komisaris akan dievaluasi oleh
stated in prevailing laws and regulations,
pemegang saham dalam RUPS.
the Company’s Articles of Association, and
2. Secara umum, kinerja Dewan Komisaris mandate from the shareholders. Formal
ditentukan berdasarkan tugas dan kewajiban evaluation criteria are openly conveyed to the
yang tercantum dalam peraturan perundang- member of BOC since his/her appointment
undangan yang berlaku dan Anggaran Dasar date, and are conducted periodically through
Perusahaan maupun amanat pemegang saham. a structured performance assessment
Kriteria evaluasi formal disampaikan secara framework, both collectively and individually.
terbuka kepada anggota Dewan Komisaris sejak
tanggal pengangkatannya, serta dilakukan secara
berkala melalui mekanisme penilaian kinerja yang
terstruktur baik secara kolektif maupun individual.
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3. Hasil evaluasi terhadap kinerja Dewan Komisaris 3. Result of evaluation on the performance of
secara keseluruhan dan kinerja masing-masing the BOC as a whole and performance of each
anggota Dewan Komisaris secara individual member of BOC as an individual will be an integral
akan merupakan bagian tak terpisahkan dalam part in the compensation and incentives giving
skema kompensasi dan pemberian insentif scheme for members of BOC. Performance
bagi anggota Dewan Komisaris. Hasil evaluasi evaluation results of each member of BOC as an
kinerja masing-masing anggota Dewan Komisaris individual act as a rationale for shareholders to
secara individual merupakan suatu dasar dismiss and/or re-appoint concerned members
pertimbangan bagi pemegang saham untuk of BOC. The aforementioned performance
pemberhentian dan/untuk menunjuk kembali evaluation result is a means of evaluating and
anggota Dewan Komisaris yang bersangkutan. increasing the effectiveness of the BOC, and
Hasil evaluasi kinerja tersebut merupakan as a foundation for continuous improvement
sarana penilaian serta peningkatan efektivitas in the execution of its supervisory functions.
Dewan Komisaris, dan menjadi dasar dalam
perbaikan berkelanjutan terhadap pelaksanaan
fungsi pengawasan oleh Dewan Komisaris.
BOARD OF COMMISSIONERS KPI
[SEOJK E.1] [GRI 2-12] [GRI 2-14]
The performance indicators for Board of
KPI DEWAN KOMISARIS
Commissioners is formulated according to Duties
[SEOJK E.1] [GRI 2-12] [GRI 2-14]
and Responsibilities of Board of Commissioners
Penetapan parameter kinerja untuk Dewan Komisaris which was stipulated based on Company’s Articles
dilakukan sesuai dengan tugas dan tanggung jawab of Association and prevailing rules and regulations.
sesuai kewenangan Dewan Komisaris berdasarkan The following is table of parameters for Board of
ketentuan Anggaran Dasar Perseroan dan Peraturan Commissioners performance self-assessment:
Perundangan yang berlaku. Berikut adalah tabel
parameter self-assessment kinerja Dewan Komisaris:
BOBOT
NO PARAMETER
WEIGHTING
Kajian atas objektif jangka panjang perusahaan beserta opsi-opsi strategis untuk mencapainya.
1. 20%
Review on the company’s longer-term objectives and strategic options for achieving them.
Kajian atas filosofi dasar perusahaan: nilai-nilai perseroan, kode etik,
kebijakan perilaku bisnis dan tanggung jawab sosial perusahaan.
2. 20%
Review on the company’s basic philosophy: corporate values, code of
ethics, code of conducts and corporate social responsibility.
Kajian atas struktur organisasi perusahaan dan program pengembangan sumber daya manusia.
3. 20%
Review on organizational structure of the company and human resource development programs.
Akses terhadap informasi termutakhir tentang pengelolaan
4. perusahaan guna menjamin pengawasan yang efektif. 10%
Access to up-to-date information on company’s management to ensure effective monitoring.
Pertemuan rutin dengan Direktur Utama untuk membahas rencana
dan anggaran tahunan serta pencapaiannya.
5. 10%
Routine meeting with the President Director to discuss annual
plans and budgets as well as its achievement.
Kajian atas keputusan penting perusahaan, yaitu objektif, strategi dan kebijakan masa
depan, serta investasi yang bersifat material dan penunjukkan eksekutif senior.
6. 20%
Review on company’s major decision, ie. future objectives, strategies,
policies, major investment and senior executives appointments.
Total 100%
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REMUNERASI DEWAN THE BOARD OF COMMISSIONERS
KOMISARIS [GRI 2-21] REMUNERATION [GRI 2-21]
Perusahaan mengatur penetapan remunerasi Dewan The Company regulates the remuneration stipulations
Komisaris pada tahun 2025 sebagai berikut: of the Board of Commissioners in 2025, as follows:
JABATAN
2025 2024
POSITION
Dewan Komisaris
Rp 7.592.977.840 Rp 5.689.155.716
Board of Commissioners
TUNJANGAN DAN FASILITAS THE BOARD OF COMMISSIONERS
DEWAN KOMISARIS ALLOWANCES AND FACILITIES
Perusahaan mengatur penetapan The Company regulates the allowances
tunjangan dan fasilitas Dewan Komisaris and facilities stipulations of the Board of
pada tahun 2025 sebagai berikut: Commissioners in 2025, as follows:
TUNJANGAN & FASILITAS SELURUH ANGGOTA KOMISARIS
NO
ALLOWANCES & FACILITIES BOARD OF COMMISSIONER
Tunjangan Hari Raya Dibayarkan sebesar 1 (satu) bulan gaji.
1
Religious Allowance Paid for 1 (one) month salary.
Tunjangan Kendaraan Sesuai dengan kebijakan Perusahaan yang berlaku.
2
Vehicles Allowance Conform to prevailing Company policy.
Tunjangan Komunikasi Sesuai dengan kebijakan Perusahaan yang berlaku.
3
Communication Allowance Conform to prevailing Company policy.
Fasilitas Kesehatan Dibayarkan sebesar 85% dari penggunaan.
4
Health Facility Paid as much as 85% from total expense.
Fasilitas Transportasi Sesuai dengan kebijakan Perusahaan yang berlaku.
5
Transportation Facility Conform to prevailing Company policy.
Sesuai dengan UU RI No. 40 tahun 2004 tentang Sistem Jaminan Sosial Nasional
BPJS Ketenagakerjaan
dan UU RI No. 24 tahun 2011 tentang Badan Penyelenggara Jaminan Sosial.
6 dan Kesehatan
Conform to UU RI No.40 year 2004 concerning National Social Security System
BPJS Worker and Health
and UU RI No.24 year 2011 concerning Social Security Administrative Body.
Penghargaan Masa Kerja Penghargaan diberikan untuk setiap kelipatan masa kerja 5 tahun.
7
Tenure Appreciations Reward is given for every 5 years of job tenure.
Tunjangan Dinas Luar Kota Sesuai dengan kebijakan Perusahaan yang berlaku.
8
Out of Town Duty Allowance Conform to prevailing Company policy.
Keanggotaan Klub Eksekutif Sesuai dengan kebijakan Perusahaan yang berlaku.
9
Executive Club Membership Conform to prevailing Company policy.
Tunjangan Hari Cuti Dibayarkan sebesar upah 1 (satu) bulan, diberikan setelah 12 bulan bekerja.
10
Leave Days Allowance Paid as much as 1 (one) month salary after 12 months of tenure.
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DIREKSI
BOARD OF DIRECTORS
Direksi adalah organ Perusahaan yang berwenang The Board of Directors is the Company’s organ with
dan bertanggung jawab penuh atas pengelolaan full authority and responsibility on the Company’s
Perusahaan untuk kepentingan Perusahaan, management for the interest of the Company, in
sesuai tujuan Perusahaan. Direksi juga bertugas accordance with the Company’s objectives. The
mewakili Perusahaan baik di dalam maupun di luar duties of the Board of Directors include representing
pengadilan sesuai dengan Anggaran Dasar. the Company both within and outside of the court
in accordance with the Articles of Association.
PEDOMAN KERJA DIREKSI
BOARD OF DIRECTORS CHARTER
Dalam melaksanakan tugas dan tanggung
jawabnya melakukan pengawasan perusahaan In performing its duties and responsibilities
secara profesional, transparan, efisien dan of monitoring the company in a professional,
efektif, maka Direksi menetapkan suatu pedoman transparent, efficient and effective manner, the
pelaksanaan kerja yang merupakan bagian dari Board of Directors have stipulated a working
Board Manual Perusahaan. guideline (Board of Directors Charter) which became
a part of Company’s Board Manual.
Berikut adalah garis besar pedoman
kerja Direksi dalam Board Manual: The followings are the outline of Board of
Directors Charter in the Board Manual:
1. Fungsi-fungsi Direksi
2. Tugas dan Wewenang Direksi 1. Functions of BOD
3. Hak dan Kewajiban Direksi 2. Duties and Authorities of BOD
4. Ketentuan Jabatan 3. Rights and Obligations of BOD
5. Rangkap Jabatan 4. Requirements of BOD Member
6. Prosedur Pengangkatan 5. Concurrent Positions
7. Masa Jabatan 6. Appointment Procedures
8. Pengunduran Diri dan Pemberhentian Sementara 7. Tenure
9. Komposisi dan Pembagian Tugas Direksi 8. Resignation and Temporary Dismissal
10. Etika Jabatan Direksi 9. Composition and Segregation of Duties of BOD
11. Rapat Direksi 10. Profession Ethics of BOD
12. Penilaian Kinerja Direksi 11. Meetings of BOD
13. Organ Pendukung Direksi 12. Performance Evaluation of BOD
(Manajemen Senior dan Komite) 13. Supporting Organs of BOD (Senior
Management and Committee)
TUGAS DAN KEWAJIBAN DIREKSI
DUTIES AND RESPONSIBILITIES
Direksi BNBR memiliki beberapa tugas pokok
menyangkut pengelolaan Perusahaan, yaitu:
OF THE BOARD OF DIRECTORS
BNBR’s Board of Directors holds several main duties
Tugas Strategis in the management of the Company, which are:
1. Mengelola Perseroan untuk mencapai tujuan. Strategic Duties
2. Menetapkan anggaran tahunan, rencana
usaha, dan menyusun strategi bisnis. 1. Manage the Company to achieve its targets.
3. Menyiapkan rencana jangka panjang. 2. Stipulate annual budget, business plan,
and prepare business strategy.
4. Memberikan saran dan masukan serta
menyetujui formulasi strategi dan 3. Prepare a long term plan.
melaporkan kepada Dewan Komisaris.
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5. Mendiskusikan dan menyetujui kebijakan 4. Provide suggestions and inputs, as well
yang terkait dengan pelaksanaan strategi. as approve the formulation of business
6. Memberikan saran dan masukan strategy and report it to the BOC.
serta menyetujui rencana bisnis serta 5. Discuss and approve policies related
melaporkannya kepada Dewan Komisaris. to strategy implementation.
7. Menetapkan dan memberlakukan 6. Provide suggestions and inputs, as
nilai-nilai Perusahaan. well as approve the business plan
8. Memberikan saran dan masukan serta and report it to the BOC.
menyetujui struktur organisasi. 7. Establish and enact the Corporate values.
9. Menetapkan sistem pengendalian 8. Provide suggestions and inputs, as well
internal yang efektif. as approve the organization structure.
10. Memastikan Perseroan telah menaati 9. Establish an effective internal control system.
seluruh peraturan perundangan 10. Ensure the Company complies with every
yang berlaku dan prinsip GCG. prevailing law and regulations and GCG principles.
Tugas Operasional Operational Duties
1. Mengkaji dan menyetujui rencana kerja 1. Review and approve annual work
tahunan dan anggaran tahunan. plan and annual budget.
2. Memberikan masukan kepada Chief 2. Provide inputs to the Chief Investment Officer
Investment Officer (CIO) tentang hal-hal (CIO) about matters that are affecting investment
yang mempengaruhi portofolio investasi, portfolio, business development strategy,
strategi pengembangan usaha, hubungan investor relations, and other matters related
dengan investor, dan hal-hal yang berkaitan with controlling activities of business units.
dengan kegiatan pengendalian unit usaha.
3. Provide suggestions and inputs on nomination
3. Memberikan saran dan masukan terhadap and termination of management.
nominasi dan terminasi manajemen.
4. Prepare and deliver accountability report
4. Membuat dan menyampaikan and annual report to the GMS.
laporan pertanggungjawaban dan
5. Give periodic reports and other reports
laporan tahunan kepada RUPS.
to the BOC and shareholders.
5. Memberikan laporan berkala serta laporan lainnya
6. Provide suggestions and approval for
kepada Dewan Komisaris dan pemegang saham.
Company’s wealth management.
6. Memberikan saran dan persetujuan terhadap
7. Approve operational action and
pengurusan kekayaan Perseroan.
transaction of the Company.
7. Menyetujui tindakan dan transaksi
8. Provide accurate information and guarantee to the
operasional Perseroan.
public user of Company’s products and services.
8. Memberikan informasi yang benar dan
garansi kepada masyarakat pengguna
barang dan jasa Perseroan.
Legal and Administrative Duties
1. Review and enact an accounting system.
Tugas Legal dan Administratif
2. Provide suggestions and approval for
bookkeeping and administration.
1. Mengkaji dan memberlakukan sistem akuntansi.
3. Carry out GMS.
2. Memberikan saran dan persetujuan
terhadap pembukuan dan administrasi. 4. Prepare and maintain Share Register
(DPS), special list, minutes of GMS,
3. Menyelenggarakan RUPS.
and minutes of BOD meeting.
4. Membuat dan memelihara Daftar
5. Guarantee that there is no deviation
Pemegang Saham (DPS), daftar khusus,
in the Company’s activity.
risalah RUPS dan risalah rapat Direksi.
5. Menjamin tidak adanya penyimpangan
dalam aktivitas Perseroan.
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PEMBAGIAN TUGAS DIREKSI SEGREGATION OF DUTIES OF
[SEOJK E.1] [GRI 2-12] THE BOARD OF DIRECTORS
Sedangkan pembagian tugas Direksi
[SEOJK E.1] [GRI 2-12]
menurut fungsi dan jabatannya adalah: Whereas, the division of the Board of
Directors duties in accordance with its
Direktur Utama dan Chief functions and positions are as follows:
Executive Officer (CEO)
Bertugas untuk merumuskan kebijakan strategis dan President Director and Chief
umum Perusahaan, mengkoordinasikan pengelolaan Executive Officer (CEO)
dan pengurusan Perusahaan dengan seluruh anggota Assigned to formulate the Company’s strategic
Direksi, termasuk implementasi dan eksekusi strategi and general policies, coordinates the Company
bisnis, memformulasikan strategi portofolio dan management and supervision with all members of the
transaksi investasi, atau menjajaki aliansi strategis Board of Directors, including the implementation and
yang saling menguntungkan dengan pihak lain. execution of business strategy, formulates the portfolio
strategy and investment transactions, or to review the
Direktur Utama bertanggung jawab atas strategic alliance of mutual benefits with other parties.
terselenggaranya sistem pengendalian internal dan
efektivitas pengelolaan risiko Perusahaan, serta The President Director is responsible on the
evaluasi kinerja anggota Direksi yang terdiri dari implementation of the Company internal control
Chief Financial Officer (CFO), Chief Investment Officer system and risk management effectiveness, as well
(CIO), dan Chief Legal Officer (CLO), serta Chief as the performance evaluation of members of the
lainnya dalam jajaran Executive Management Team. Board of Directors that comprising of Chief Financial
Officer (CFO), Chief Investment Officer (CIO), and
Direktur Utama juga bertugas melakukan Chief Legal Officer (CLO), as well as other Chiefs in
pengkajian dan menyetujui kinerja Unit Usaha, the Executive Management Team composition.
serta mengarahkan dan menyetujui pertanyaan
dan informasi yang akan dikomunikasikan kepada The President Director is also assigned to review
media / publik / investor. Selain itu Direktur Utama and approve performance of Business Units, as well
bertanggung jawab dalam menentukan kebijakan as guide and approve statements and information
keberlanjutan, mengkoordinir praktik keberlanjutan that are going to be communicated to the media /
yang dilaksanakan oleh divisi terkait dan mengelola public / investors. In addition, the President Director
lalu lintas data dan informasi terkait keberlanjutan. is responsible for determining sustainability policies,
coordinating sustainability practices implemented
Wakil Direktur Utama by related divisions and managing traffic of data
Bertugas untuk melakukan studi perbandingan and information related to sustainability.
(benchmarking) terhadap keunggulan bersaing
Perseroan dan Unit Usaha, memberikan dukungan Vice President Director
terhadap peningkatan kinerja bisnis Unit Usaha, Assigned to carry out benchmarking study of
melakukan penelaahan dan pemantauan terhadap Company and Business Units’ competitive advantage,
kinerja Unit Usaha dan bisnis Perseroan, memberikan provides support for Business Units’ performance
dukungan kepada Unit Usaha untuk melakukan improvement, reviews and monitors the performance
inovasi berdasarkan rencana strategis Perseroan. of Business Unit and Company’s business, provides
support to Business Units to create innovations
Bersama-sama Direktur Utama merumuskan kebijakan with regards to Company strategic plan.
strategis dan umum Perusahaan, mengkoordinasikan
pengelolaan dan pengurusan Perusahaan dengan Collaborates with the President Director to
seluruh anggota Direksi. Membantu dan mendukung formulate the Company’s strategic and general
Direktur Utama dalam implementasi dan eksekusi policies, coordinates the Company management
strategi bisnis, memformulasikan strategi portofolio and supervision with all members of the Board of
dan transaksi investasi, atau menjajaki aliansi strategis Directors. Assists and supports President Director
yang saling menguntungkan dengan pihak lain. to implement and execute business strategy,
formulates portfolio strategy and investment
transaction, or probes strategic alliances that
brings mutual benefits with other parties.
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Bersama-sama Direktur Utama memastikan Collaborates with President Director to ensure
terselenggaranya sistem pengendalian internal dan implementation of the Company internal control
efektivitas pengelolaan risiko Perusahaan, serta system and risk management effectiveness, as well
evaluasi kinerja anggota Direksi yang terdiri dari as the performance evaluation of members of the
Chief Financial Officer (CFO), Chief Investment Officer Board of Directors that comprising of Chief Financial
(CIO), dan Chief Legal Officer (CLO), serta Chief Officer (CFO), Chief Investment Officer (CIO), and
lainnya dalam jajaran Executive Management Team. Chief Legal Officer (CLO), as well as other Chiefs in
the Executive Management Team composition.
Direktur dan Chief Financial Officer (CFO)
Bertugas untuk mengarahkan proses perencanaan Director and Chief Financial Officer (CFO)
keuangan beserta penyesuaian dan pengendaliannya, Assigned to direct the financial planning process
menerapkan tata kelola proses akuntansi keuangan along with its adjustments and controls, implementing
dan memastikan penuhan kewajiban pelaporan financial accounting process governance and
keuangan, juga mengarahkan dan mengawasi ensuring the fulfillment of financial reporting
praktik perpajakan yang efektif, treasury operation, obligations, also directing and supervising effective
pengelolaan aset dan kewajiban, dan financial taxation practices, treasury operations, asset and
structuring, serta memastikan implementasi liability management, and financial structuring, as
kepatuhan (compliance) dan Kebijakan dan well as ensuring implementation of compliance and
Prosedur (K&P) atau standard operating Policies & Procedures (P&P) or standard operating
procedures (SOP) untuk setiap proses bisnis. procedures (SOP) for every business process.
CFO bertugas untuk mempersiapkan dan The duties of CFO include preparing and coordinating
mengkoordinasikan penyusunan RKAP Perusahaan the Company’s Work and Budget Plan development,
serta melaksanakan pengelolaan keuangan as well as the Company’s financial management, so
Perusahaan demi menjaga likuiditas dan solvabilitas as to maintain the Company’s liquidity and solvency.
Perusahaan. CFO bertanggung jawab menyusun CFO is responsible to develop and implement the
dan menerapkan Sistem dan Prosedur Akuntansi Accounting System and Procedures, including to
serta mengadakan analisa dan evaluasi Laporan analyze and evaluate the Company’s Financial
Keuangan Perusahaan. CFO juga bertugas untuk Statements. CFO also has the duties to manage
mengelola kebutuhan pembiayaan Perusahaan, the Company’s financing requirements, including
termasuk merancang struktur pendanaan to design optimum financing structures as required
yang paling optimal untuk keperluan operasi for the Company’s operations and investments.
dan investasi Perusahaan. CFO memfasilitasi CFO facilitates and enforces the implementation of
dan menegakkan penerapan penyusunan dan drafting and updating P&P or SOP and processes
pemutakhiran K&P atau SOP dan memproses setiap any violations and non-compliance with K&P.
pelanggaran dan ketidakpatuhan terhadap K&P.
Director and Chief Investment Officer (CIO)
Direktur dan Chief Investment Officer (CIO) Assigned to formulate portfolio strategy, investment
Bertugas untuk memformulasikan strategi portofolio, plan, and policy for investment, divestment and
rencana investasi, dan kebijakan untuk kegiatan financing activities, as well as coordinate working
investasi, divestasi dan pembiayaan, serta process of the ”Investment, Finance, Risk, Legal,
mengkoordinasikan proses kerja dari “Investment, Strategy and Business Control Working Group” (IFRLS-
Finance, Risk, Legal, Strategy and Business Control WG) in carrying out review on every investment,
Working Group” (IFRLS-WG) dalam melakukan divestment, and financing transaction proposal within
kajian terhadap seluruh proposal transaksi the Company and Business Units. CIO manages the
investasi, divestasi, dan pembiayaan di lingkungan Investment, Investor Relations, Banking Relations,
Perseroan dan Unit Usaha. CIO mengelola Divisi Business Control and Risk Management Divisions to
Investment, Investor Relations, Banking Relation, support the achievement of the Company's goals.
Business Control dan Risk Management untuk
mendukung pencapaian tujuan Perseroan. The duties of CIO includes formulating and
coordinating transaction of investment instruments
CIO bertugas menyusun kebijakan dan trading, as well as being responsible for activities
mengkoordinasikan transaksi perdagangan related with Company’s investor relations as well
instrumen investasi, serta bertanggung jawab as strategic planning, business planning, and
atas kegiatan terkait hubungan investor Perseroan controlling business units within the Company. The
serta perencanaan strategis, perencanaan bisnis CIO is also tasked with supervising, controlling
dan pengendalian unit-unit usaha di lingkungan and evaluating the operational performance
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Perseroan. CIO juga bertugas melakukan of business units with the aim of improving the
pengawasan, pengendalian dan mengevaluasi operational performance of business units.
kinerja operasional unit-unit usaha dengan tujuan
meningkatkan kinerja operasional unit usaha. Director and Chief Legal Officer (CLO)
Assigned to formulate, develop and implement the
Direktur dan Chief Legal Officer (CLO) strategic policy and the Company’s operational in
Bertugas untuk merumuskan, mengembangkan legal fields, as well as to coordinate all activities and
dan menerapkan kebijakan strategis dan implement governance of the Legal Division, including
operasional Perusahaan di bidang hukum, serta to develop Legal Division Work and Budget Plan.
mengkoordinasikan seluruh kegiatan dan tata
laksana Divisi Hukum, termasuk menyusun CLO is responsible for developing all
Rencana Kerja dan Anggaran Divisi Hukum. administrations, systems and information of the
Company’s Legal Division, as well as providing
CLO bertanggung jawab untuk menyusun seluruh legal considerations in every measure conducted
administrasi, sistem dan informasi Divisi Hukum by the Company. CLO periodically provided an
Perusahaan, serta memberikan pertimbangan activity report of the Legal Division to the CEO.
hukum pada setiap tindakan yang dilakukan
Perusahaan. Secara berkala CLO memberikan
laporan kegiatan Divisi Hukum kepada CEO.
SUSUNAN DIREKSI BOARD OF DIRECTORS COMPOSITION
BNBR dipimpin oleh seorang Direktur Utama/ BNBR is led by the President Director/Chief
Chief Executive Officer dibantu oleh anggota Executive Officer and assisted by the members
Direksi yang dipilih, diangkat dan diberhentikan of the Board of Directors, of whom are selected,
melalui RUPS. Sesuai dengan keputusan Rapat appointed, and terminated through GMS. Pursuant
Umum Pemegang Saham Tahunan tanggal 16 Juni to the resolutions of Annual General Meeting of
2023, susunan Direksi adalah sebagai berikut: Shareholders dated June 16, 2023, the composition
of the Board of Directors is as follows:
SUSUNAN PENUNJUKAN PERTAMA
COMPOSITION FIRST APPOINTMENT
RAPAT UMUM
PEMEGANG
JABATAN NAMA SAHAM DOKUMEN PENGESAHAN
POSITION NAME GENERAL DOCUMENTS RATIFICATION
MEETING OF
SHAREHOLDERS
Direktur Utama
dan Chief Akta tanggal 14 AHU-AH.01.03-0289910,
Executive Officer 16 Mei 2019 Juni 2019 No. 17 tanggal 25 Juni 2019
Anindya N. Bakrie
President Director May 16, 2019 Deed dated June AHU-AH.01.03-0289910,
and Chief 14, 2019 No. 17 dated June 25, 2019
Executive Officer
Wakil Direktur Utama Akta tanggal 17 AHU-AH.01.03-0206828,
dan Co-CEO 27 April 2018 Mei 2018 No.79 tanggal 21 Mei 2018
A. Ardiansyah Bakrie
Vice President April 27, 2018 Deed dated May AHU-AH.01.03-0206828,
Director and Co-CEO 17, 2018 No.79 dated May 21, 2018
Direktur dan Chief Akta tanggal 14 AHU-AH.01.03-0289910,
Financial Officer Roy Hendrajanto 16 Mei 2019 Juni 2019 No. 17 tanggal 25 Juni 2019
Director and Chief M. Sakti May 16, 2019 Deed dated June AHU-AH.01.03-0289910,
Financial Officer 14, 2019 No. 17 dated June 25, 2019
Direktur dan Chief Akta tanggal 9 Juli AHU-49901.AH.01.02.Tahun
Legal Officer 26 Juni 2008 2008 No. 15 2008, tanggal 11 Agustus 2008
R.A Sri Dharmayanti
Director and Chief June 26, 2008 Deed dated July AHU-49901.AH.01.02.Year
Legal Officer 9, 2008 No. 15 2008, dated August 11, 2008
Direktur dan Chief Akta tanggal 16 AHU-0163098.AH.01.11 Tahun
Investment Officer 21 Juli 2022 Agustus 2022 No. 66 2022, tanggal 19 Agustus 2022
Kartini Sally
Director and Chief July 21, 2022 Deed dated August AHU-0163098.AH.01.11 Year
Investment Officer 16, 2022 No.66 2022, dated August 19, 2022
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PENDELEGASIAN WEWENANG DELEGATION OF AUTHORITY
Seorang anggota Direksi dapat mendelegasikan A member of the Board of Directors may delegate
wewenangnya kepada anggota Direksi lainnya his/her authority to another member of the Board of
dengan membuat kuasa tertulis yang diberikan Directors by issuing a written proxy made specifically
khusus untuk keperluan tersebut dengan for the occasion with adherence to the Board Manual.
tetap berpedoman kepada Board Manual.
During 2025 there was no delegation of
Selama tahun 2025 tidak terdapat pendelegasian authority among Board of Directors members to
wewenang antar anggota Direksi untuk menghadiri attend meetings and/or to make decisions.
rapat dan/atau mengambil keputusan.
CONCURRENT POSITION OF MEMBERS
RANGKAP JABATAN ANGGOTA DIREKSI OF THE BOARD OF COMMISSIONERS
Peraturan Otoritas Jasa Keuangan Nomor 33/ The Regulation of Financial Services Authority
POJK.04/2014 tentang Direksi dan Dewan Komisaris Number 33/POJK.04/2014 concerning the Board of
Emiten atau Perusahaan Publik, menerangkan bahwa Directors and the Board of Commissioners of Issuers
Anggota Direksi dapat merangkap jabatan sebagai: or Listed Companies, stipulated that Members of the
Board of Directors can hold concurrent position as:
1. anggota Direksi paling banyak pada 1 (satu)
Emiten atau Perusahaan Publik lain; 1. member of the Board of Directors at maximum
2. anggota Dewan Komisaris paling banyak pada 3 1 (one) other Issuers or Public Companies;
(tiga) Emiten atau Perusahaan Publik lain; dan/atau 2. member of the Board of Commissioners
3. anggota komite paling banyak pada 5 (lima) at maximum 3 (three) other Issuers
komite di Emiten atau Perusahaan Publik di or Public Companies; and/or
mana yang bersangkutan juga menjabat sebagai 3. member of committee at maximum 5 (five)
anggota Direksi atau anggota Dewan Komisaris. committees in Issuers or Public Companies
in which the aforementioned also holds
Keterangan rangkap jabatan Direksi selama the position as member of Board of
tahun 2025 dijelaskan sebagai berikut: Directors or Board of Commissioners.
The following are the Board of Directors’
description on concurrent position in 2025:
NAMA PERUSAHAAN JABATAN
NAME COMPANIES POSITION
PT Bakrie Sumatera Plantations Tbk Komisaris
Commissioner
PT Visi Media Asia Tbk Direktur Utama
Anindya N. Bakrie
President Director
PT VKTR Teknologi Mobilitas Tbk Komisaris Utama
President Commisioner
Komisaris Utama
A. Ardiansyah Bakrie PT Intermedia Capital Tbk
President Commissioner
Roy Hendrajanto M. Sakti - -
Direktur
R.A Sri Dharmayanti PT Bumi Resources Tbk
Director
Kartini Sally - -
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KEPEMILIKAN SAHAM ANGGOTA DIREKSI SHARES OWNERSHIP OF MEMBERS
Perusahaan juga mewajibkan anggota Direksi
OF THE BOARD OF DIRECTORS
untuk mengungkapkan kepemilikan saham baik The Company also requests that members of
kepemilikan saham pada Perusahaan maupun the Board of Directors shall disclose the shares
pada perusahaan lain, yang berkedudukan di ownership both in the Company as well as other
dalam dan di luar negeri dalam suatu laporan companies, domiciled both in Indonesia and overseas,
yang harus diperbaharui setiap tahunnya. in which report must be renewed annually.
Kepemilikan anggota Direksi atas saham Perusahaan The following are the Board of Directors members
pada 31 Desember 2025 adalah sebagai berikut: ownership of Company shares per December 31, 2025:
KEPEMILIKAN PERSENTASE
NAMA JABATAN
NAME POSITION
SAHAM (LEMBAR) KEPEMILIKAN (%)
SHARES OWNERSHIP (SHARES) OWNERSHIP PERCENTAGE (%)
Direktur Utama
Anindya N. Bakrie 0 0%
President Director
Wakil Direktur Utama
A. Ardiansyah Bakrie 0 0%
Vice President Director
Direktur
Roy Hendrajanto M. Sakti 0 0%
Director
Direktur
R.A Sri Dharmayanti 13.223.000 0,01%
Director
Direktur
Kartini Sally 0 0%
Director
PROGRAM PENGENALAN UNTUK DIREKSI INDUCTION PROGRAM FOR
Keberadaan Program Pengenalan sangat penting THE BOARD OF DIRECTORS
untuk dilaksanakan mengingat perbedaan latar Induction Program implementation is vital considering
belakang Anggota Direksi. Program Pengenalan the variety of backgrounds of Board of Directors
yang diberikan dapat berupa presentasi, pertemuan, members. Induction Program can be carried out
atau kunjungan ke fasilitas Perusahaan. Program in the form of presentation, meeting, or visit to
Pengenalan dapat juga berupa program-program Company facilities. The Induction Program can
lain yang disesuaikan dengan kebutuhan also be in the form of other programs deemed
Perusahaan. Prosedur pelaksanaan Program necessary by the Company. The Induction
Pengenalan meliputi hal-hal sebagai berikut: Program procedures cover the following matters:
1. Program Pengenalan mengenai Perusahaan 1. Induction Program about the Company
wajib diberikan kepada Anggota Direksi must be presented to Board of Directors
yang baru pertama kali menjabat members in their first time of serving
sebagai Direksi di Perusahaan. as Company Board of Directors.
2. Direktur Utama bertanggung jawab atas 2. The President Director holds the responsibility
pelaksanaan Program Pengenalan. Jika of Induction Program implementation. If
Direktur Utama berhalangan atau termasuk the President Director is absent or he/
anggota Direksi yang harus mengikuti she is a participant of the Induction
Program Pengenalan, maka tanggung Program, the responsibility is held by other
jawab pelaksanaan Program Pengenalan members of the Board of Directors.
berada pada anggota Direksi lainnya. 3. The Induction Program topic includes introductory
3. Materi yang diberikan pada Program Pengenalan to Company’s business activities, financial and
meliputi gambaran mengenai kegiatan bisnis operational performance, short term and long
Perusahaan, kinerja keuangan dan operasi, term work plan, Good Corporate Governance
rencana usaha jangka pendek dan jangka principles, authorities that are permitted to
panjang, prinsip-prinsip Good Corporate be delegated, internal and external audit,
Governance, kewenangan yang didelegasikan, Internal Control System, the Board of Directors
audit internal dan eksternal, Sistem Pengendalian Supporting Functions, duties and responsibilities
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Internal, Fungsi Penunjang Direksi, tugas of the Board of Commissioners and Board
dan tanggung jawab Dewan Komisaris dan of Directors, and other strategic issues.
Direksi, dan hal-hal strategis lainnya.
In 2025, the induction program was not carried out
Pada tahun 2025 program pengenalan tidak because there are no new members of the Board
diadakan karena tidak ada anggota Direksi yang of Directors joining PT Bakrie & Brothers Tbk as
baru bergabung dalam PT Bakrie & Brothers members of the Company’s Board of Directors.
Tbk sebagai anggota Direksi Perusahaan.
THE BOARD OF DIRECTORS
PROGRAM PENINGKATAN COMPETENCE DEVELOPMENT PROGRAM
KOMPETENSI DIREKSI
The Board of Directors has continuous education
Direksi mendapatkan pendidikan berkelanjutan yang which is combined in self-study and participation
dikombinasikan dalam self-study dan keikutsertaan in special education, training, workshops, seminars
pada pendidikan khusus, pelatihan, workshop, and conferences that are useful in improving
seminar ataupun konferensi yang bermanfaat Board of Directors’ function effectiveness.
dalam meningkatkan efektivitas fungsi Direksi.
In 2025 the Board of Directors members attended
Selama tahun 2025 anggota Direksi mengikuti several development and training activities held
beberapa kegiatan pelatihan dan pengembangan by the Company as well as external parties,
yang diadakan oleh pihak internal dan eksternal including the topics that related with the recent
Perusahaan, termasuk topik-topik yang berkaitan and latest development in ESG - Environmental,
dengan perkembangan terkini berbagai isu ESG - Social, and Governance. [SEOJK E.2]
Environmental Social and Governance. [SEOJK E.2]
BOARD OF DIRECTORS MEETINGS
RAPAT DIREKSI
The Board of Directors holds the Board of
Direksi menyelenggarakan rapat Direksi, atau Directors’ meeting, or attends the meeting held
menghadiri rapat yang diselenggarakan Komite di by the Committees under the Board of Directors,
bawah Direksi, atau menghadiri rapat bersama Dewan or attends the joint meeting with the Board of
Komisaris dan organ-organ perusahaan yang lain. Commissioners and other company’s organs.
KEHADIRAN DIREKSI DALAM DIRECTORS ATTENDANCE IN BOARD
RAPAT INTERNAL DIREKSI OF DIRECTORS INTERNAL MEETING
Anggaran Dasar Perseroan mewajibkan Direksi The Company’s Articles of Association stipulates
mengadakan rapat internal sedikitnya 12 (dua the Board of Directors to hold an internal
belas) kali dalam setahun. Selama tahun meeting at least 12 (twelve) times per year. The
2025, Direksi mengadakan rapat sebanyak Board of Directors holds 14 (fourteen) meetings
14 (empat belas) kali, dengan perincian: during 2025, with the following details:
DIREKSI
TANGGAL BOD
NO AGENDA
DATE
ANB AAB RH YS KS
Presentasi Laporan Keuangan Tahunan
24 Maret 2025 BNBR per 31 Desember 2024
1 1 1 1 1 1
March 24, 2025 Presentation of BNBR Annual Financial
Report per December 31, 2024
Presentasi Laporan Keuangan Triwulan
28 April 2025 1 BNBR per 31 Maret 2025
2 1 1 1 1 1
April 28, 2025 Presentation of BNBR First Quarter
Financial Report per March 31, 2025
23 Juni 2025 Rapat Persiapan RUPS Tahunan BNBR
3 1 1 1 1 1
June 23, 2025 Preparation Meeting for BNBR Annual GMS
30 Juni 2025 Pembahasan Situasi Terkini Unit-unit Usaha BNBR
4 1 1 1 1 1
June 30, 2025 Discussion on Latest Update of BNBR Business Units
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DIREKSI
TANGGAL BOD
NO AGENDA
DATE
ANB AAB RH YS KS
Presentasi Laporan Keuangan Tengah
28 Juli 2025 Tahun BNBR per 30 Juni 2025
5 1 1 1 1 1
July 28, 2025 Presentation of BNBR Mid-Year Financial
Report per June 30, 2025
Rapat Direksi dan update Unit Usaha BNBR
24 Agustus 2025
6 Board of Directors Meetings and 1 1 1 1 1
August 24, 2025
update on BNBR Business Units
1 September 2025 Rapat Persiapan RUPS Luar Biasa BNBR
7 1 1 1 1 1
September 1, 2025 Preparation Meeting for BNBR Extraordinary GMS
Pelaksanaan RUPS Luar Biasa BNBR serta
Rapat Direksi dan update Unit Usaha BNBR
10 September 2025
8 Execution of BNBR Extraordinary GMS as 1 1 1 1 1
September 10, 2025
well as Board of Directors Meetings and
update on BNBR Business Units
Presentasi Laporan Keuangan Triwulan
17 November 2025 3 BNBR per 30 September 2025
9 1 1 1 1 1
November 17, 2025 Presentation of BNBR Third Quarter Financial
Report per September 30, 2025
24 November 2025 Pembahasan situasi terkini Unit-unit Usaha BNBR
10 1 1 1 1 1
November 24, 2025 Discussion on latest situation of BNBR Business Units
28 November 2025 Penandatanganan Perjanjian Jual Beli Saham CCT
11 1 1 1 1 1
November 28, 2025 Signing of Sales Purchase Agreement of CCT Shares
5 Desember 2025 Pembahasan situasi terkini Unit-unit Usaha BNBR
12 1 1 1 1 1
December 5, 2025 Discussion on latest situation of BNBR Business Units
16 Desember 2025
13 BNBR Strategic Briefing 2026 1 1 1 1 1
December 16, 2025
17 Desember 2025 Rapat Persiapan Paparan Publik Insidentil BNBR
14 1 1 1 1 1
December 17, 2025 Preparation Meeting for BNBR Incidental Public Expose
Total 14 14 14 14 14
Persentase Kehadiran
100% 100% 100% 100% 100%
Attendance Percentage
Keterangan | Description:
ANB : Anindya Novyan Bakrie
AAB : A. Ardiansyah Bakrie - : Belum / sudah tidak menjabat 0 : Tidak hadir 1 : Hadir
RH : Roy Hendrajanto M. Sakti - : Not yet / no longer served 0 : Did not attend 1 : Attended
YS : R.A. Sri Dharmayanti
KS : Kartini Sally
KEHADIRAN DIREKTUR DALAM DIRECTORS ATTENDANCE IN
RAPAT GABUNGAN DEWAN BOC-BOD JOINT MEETING
KOMISARIS - DIREKSI During 2025, the Board of Commissioners and
Selama tahun 2025, Dewan Komisaris dan Direksi Board of Directors held 10 (ten) Joint Meetings, with
mengadakan 10 (sepuluh) kali Rapat Gabungan Dewan detailed agenda and attendance as described in
Komisaris dan Direksi, dengan rincian agenda dan this Integrated Annual Report on page 243-244.
kehadiran sebagaimana disajikan pada Laporan
Tahunan Terintegrasi ini di halaman 243-244. Percentage of Directors’ attendance in the
Board of Commissioners and Directors
Persentase kehadiran Direktur dalam Rapat Gabungan Joint Meetings are as follow:
Dewan Komisaris dan Direksi adalah sebagai berikut:
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JUMLAH RAPAT PERSENTASE KEHADIRAN
NAMA DALAM SETAHUN JUMLAH KEHADIRAN DALAM RAPAT
NAME TOTAL OF MEETINGS ATTENDANCE PERCENTAGE OF
HELD IN A YEAR ATTENDANCE IN MEETING
Anindya N. Bakrie 10 10 100%
A. Ardiansyah Bakrie 10 10 100%
Roy Hendrajanto M. Sakti 10 10 100%
R.A Sri Dharmayanti 10 10 100%
Kartini Sally 10 10 100%
PENILAIAN KINERJA DIREKSI BOARD OF DIRECTORS
Proses penilaian kinerja Direksi dilakukan oleh
PERFORMANCE ASSESSMENT
Komite Nominasi dan Remunerasi berlandaskan pada The performance assessment process of Board
Bakrie Performance Contract yang mencakup: of Directors is carried out by the Nomination
and Remuneration Committee based on the
1. Performance Planning Bakrie Performance Contract which includes:
Kegiatan awal tahun yang merupakan
bagian dari performance management, 1. Performance Planning
diimplementasikan sebagai turunan dari Beginning-of-year activity which is a part of
rencana strategi bisnis tahunan. performance management, implemented as a
2. Performance Review derivative of annual business strategy plan.
Proses penelaahan kinerja setiap anggota Direksi 2. Performance Review
Perseroan yang dilakukan selama 1 (satu) tahun. The process of reviewing the performance
3. Performance Evaluation of each member of the Company's
Proses penilaian kinerja setiap anggota Direksi Board of Directors for 1 (one) year.
Perseroan yang didasarkan pada kajian 3. Performance Evaluation
kesesuaian performance planning dengan strategi The process of evaluating the performance
perusahaan dan evaluasi hasil kinerja 6 (enam) of each member of the Company’s BOD
bulan untuk mencapai hasil yang maksimal. which is based on review of suitability
between performance planning with company
Penilaian Kinerja masing-masing Direktur dinilai strategy and 6 (six) months performance
secara individual berdasarkan pencapaian Indikator result review to achieve maximum results.
Penilaian Kinerja/Key Performance Indicator (KPI)
yang disetujui pada awal setiap tahun saat proses Performance Assessment of every Director is done
Performance Planning. Sebagai ilustrasi, parameter individually based on achievement of Key Performance
penilaian kinerja Direksi dalam Perspektif Pemegang Indicator which has been agreed at the beginning of
Saham terlihat pada tabel berikut, dan parameter ini every year during the Performance Planning process.
juga diterapkan kepada penilaian kinerja Direksi unit- As an illustration, parameters for Board of Director
unit usaha BNBR yang berstatus Perusahaan Induk. performance assessment in Owner / Shareholders
Point of View are shown in the following table,
BOBOT these parameters are also applied in performance
NO KPI
WEIGHT assessment of Board of Directors of BNBR business
Integritas units which have the status of Parent Company.
1. 34%
Integrity
Kepemimpinan
2. 33%
Leadership
Sistem Pelaporan dan Kontrol
3. 33%
Reporting and Control System
Total 100%
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REMUNERASI DIREKSI THE BOARD OF DIRECTORS
Perusahaan mengatur penetapan remunerasi
REMUNERATION
Direksi pada tahun 2025 sebagai berikut: The Company regulates the remuneration stipulations
of the Board of Directors in 2025, as follows:
JABATAN
2025 2024
POSITION
Direksi
Rp 24.452.021.288 Rp 23.524.286.569
Board of Directors
TUNJANGAN DAN FASILITAS DIREKSI THE BOARD OF DIRECTORS
Perusahaan mengatur penetapan tunjangan dan ALLOWANCES AND FACILITIES
fasilitas Direksi pada tahun 2025 sebagai berikut: The Company regulates the allowances
and facilities stipulations of the Board
of Directors in 2025, as follows:
TUNJANGAN & FASILITAS SELURUH ANGGOTA KOMISARIS
NO
ALLOWANCES & FACILITIES BOARD OF COMMISSIONER
Tunjangan Hari Raya Dibayarkan sebesar 1 (satu) bulan gaji.
1
Religious Allowance Paid for 1 (one) month salary.
Tunjangan Kendaraan Sesuai dengan kebijakan Perusahaan yang berlaku.
2
Vehicles Allowance Conform to prevailing Company policy.
Tunjangan Komunikasi Sesuai dengan kebijakan Perusahaan yang berlaku.
3
Communication Allowance Conform to prevailing Company policy.
Fasilitas Kesehatan Dibayarkan sebesar 85% dari penggunaan.
4
Health Facility Paid as much as 85% from total expense.
Fasilitas Transportasi Sesuai dengan kebijakan Perusahaan yang berlaku.
5
Transportation Facility Conform to prevailing Company policy.
Sesuai dengan UU RI No. 40 tahun 2004 tentang Sistem Jaminan Sosial Nasional
BPJS Ketenagakerjaan
dan UU RI No. 24 tahun 2011 tentang Badan Penyelenggara Jaminan Sosial.
6 dan Kesehatan
Conform to UU RI No.40 year 2004 concerning National Social Security System
BPJS Worker and Health
and UU RI No.24 year 2011 concerning Social Security Administrative Body.
Penghargaan Masa Kerja Penghargaan diberikan untuk setiap kelipatan masa kerja 5 tahun.
7
Tenure Appreciations Reward is given for every 5 years of job tenure.
Tunjangan Dinas Luar Kota Sesuai dengan kebijakan Perusahaan yang berlaku.
8
Out of Town Duty Allowance Conform to prevailing Company policy.
Keanggotaan Klub Eksekutif Sesuai dengan kebijakan Perusahaan yang berlaku.
9
Executive Club Membership Conform to prevailing Company policy.
Tunjangan Hari Cuti Dibayarkan sebesar upah 1 (satu) bulan, diberikan setelah 12 bulan bekerja.
10
Leave Days Allowance Paid as much as 1 (one) month salary after 12 months of tenure.
Keanggotaan Klub Eksekutif Sesuai dengan kebijakan Perusahaan yang berlaku.
11
Executive Club Membership Conform to prevailing Company policy.
Tunjangan Hari Cuti Dibayarkan sebesar upah 1 (satu) bulan, diberikan setelah 12 bulan bekerja.
12
Leave Days Allowance Paid as much as 1 (one) month salary after 12 months of tenure.
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HUBUNGAN AFILIASI DEWAN
KOMISARIS DAN DIREKSI
AFFILIATED RELATIONS OF THE BOARD OF
COMMISSIONERS AND DIRECTORS [GRI 2-15]
Dewan Komisaris dan Direksi BNBR tidak merangkap BNBR’s Board of Commissioners and Directors
jabatan sebagai anggota Dewan Komisaris dan do not hold concurrent positions as members of
anggota Direksi pada Pemegang Saham Pengendali, the Board of Commissioners and Directors of the
dan tidak saling memiliki hubungan keuangan dengan Controlling Shareholders, and do not have financial
sesama anggota Direksi dan/atau anggota Dewan relations with members of the Directors and or
Komisaris dan/atau anggota Pemegang Saham Board of Commissioners and or the Controlling
Pengendali selain dari kepemilikan saham BNBR. Shareholders other than ownership of BNBR shares.
Dengan status yang bebas tersebut, Direksi With this independent status, BNBR’s Board of
BNBR senantiasa bertindak independen, dalam Directors strives to act independently, in which it does
arti tidak mempunyai benturan kepentingan not possess any conflicts of interest that may disrupt
yang dapat mengganggu kemampuannya untuk its capabilities to implement duties independently
melaksanakan tugas secara mandiri dan kritis, and critically, both in the relations between the
baik dalam hubungan satu sama lain maupun Board or towards the Board of Commissioners.
hubungan terhadap Dewan Komisaris.
HUBUNGAN KELUARGA DENGAN HUBUNGAN KEUANGAN DENGAN
FAMILIAL RELATIONS WITH FINANCIAL RELATIONS WITH
DEWAN KOMISARIS PEMEGANG PEMEGANG
DEWAN DEWAN
& DIREKSI DIREKSI SAHAM DIREKSI SAHAM
KOMISARIS KOMISARIS
BOARD OF COMMISSIONERS BOARD OF DIRECTORS PENGENDALI BOARD OF DIRECTORS PENGENDALI
COMMISSIONERS CONTROLING COMMISSIONERS CONTROLING
& DIRECTORS SHAREHOLDERS SHAREHOLDERS
YA TIDAK YA TIDAK YA TIDAK YA TIDAK YA TIDAK YA TIDAK
YES NO YES NO YES NO YES NO YES NO YES NO
Armansyah Yamin - √ √ - √ - - √ - √ - √
Raniwati - √ - √ - √ - √ - √ - √
Syailendra S. Bakrie √ - √ - √ - - √ - √ - √
Adika Aryasthana Bakrie √ - √ - √ - - √ - √ - √
Adrian T.P. Panggabean - √ - √ - √ - √ - √ - √
Anindya N. Bakrie √ - √ - √ - - √ - √ - √
A. Ardiansyah Bakrie √ - √ - √ - - √ - √ - √
Roy Hendrajanto M. Sakti √ - √ - √ - - √ - √ - √
R.A Sri Dharmayanti - √ - √ - √ - √ - √ - √
Kartini Sally - √ - √ - √ - √ - √ - √
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KEBIJAKAN KEBERAGAMAN KOMPOSISI
DEWAN KOMISARIS DAN DIREKSI
DIVERSIFICATION POLICY ON THE BOARD OF
COMMISSIONERS AND DIRECTORS COMPOSITION
Perusahaan membuka peluang dan kesempatan bagi The Company presents the opportunity and
insan Bakrie terbaik dan terpilih untuk memegang chance for the best and selected Bakrie people to
jabatan dan wewenang sebagai Direktur maupun serve the position and authority as the Director, or
Komisaris, dengan tidak membedakan usia dan jenis Commissioner, with equality in age and gender, as
kelamin, maupun latar belakang pendidikan. Namun well as educational background. The Company, yet,
Perusahaan akan mempertimbangkan dengan shall provides firm consideration on the candidates
seksama latar belakang pengalaman berkarya experience background and milestones. [SEOJK F18]
dan rekam jejak dari kandidat. [SEOJK F18]
All BNBR’s Board of Directors and Commissioners
Semua calon Direksi dan Komisaris BNBR harus shall conduct and pass the Fit and Proper test,
melaksanakan dan dinyatakan lulus Fit and both internally as well as by the Regulations from
Proper Test baik dari tahapan internal maupun the relevant Regulators/Institutions. [GRI 2-10]
yang diharuskan oleh Peraturan Perundangan
dari Badan/Regulator terkait. [GRI 2-10] The following are the diversity in BNBR’s Board of
Commissioners and Directors composition in 2025..
Berikut adalah keberagaman komposisi Dewan
Komisaris dan Direksi BNBR Tahun 2025.
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KEB ER AGAMAN B ERDA SARK AN USIA | DIVERSITY BASED ON AGE [SEOJK F18] [GRI 405-1]
30 – 40 TAHUN 41 – 50 TAHUN 51 – 60 TAHUN 60 TAHUN<
30 – 40 YEARS OLD 41 – 50 YEARS OLD 51 – 60 YEARS OLD 60 YEARS OLD<
Dewan Komisaris
1 1 - 3
Board of Commissioners
Direksi
- 1 2 2
Board of Directors
KEB ER AGAMAN B ERDA SARK AN J EN IS KEL AM I N | DIVERSITY BASED ON GENDER [SEOJ K F1 8] [G RI 405 -1]
PRIA WANITA
MALE FEMALE
Dewan Komisaris
4 1
Board of Commissioners
Direksi
3 2
Board of Directors
KEB ER AGAMAN B ERDA SARK AN PENGAL AMAN KERJA DENGAN
JABATAN SETAR A DI REKSI DAN ATAU KOM ISARIS
DIVERSITY BASED ON EXPERIENCE WITH EQUAL POSITION OF DIRECTORS AND OR COMMISSIONERS
5– 10 TH 11 – 15 TH 16 – 20 TH >21 TH
5 – 10 YEARS 11 – 15 YEARS 16 – 20 YEARS > 20 YEARS
Dewan Komisaris
- 1 2 2
Board of Commissioners
Direksi
- 2 1 2
Board of Directors
KEB ER AGAMAN B ERDA SARK AN PEN DI DI K AN | DIVERSITY BASED ON EDUCATION [SEOJK F18] [GRI 405-1]
GELAR ANGGOTA
SARJANA PASCA SARJANA
GRADUATES POST GRADUATES
KEHORMATAN KEHORMATAN
DOCTORAL DEGREE HONORARY MEMBER
Dewan Komisaris
3 1 1 -
Board of Commissioners
Direksi
- 4 1 -
Board of Directors
FUNGSI ORGAN PENDUKUNG
DEWAN KOMISARIS
FUNCTIONS SUPPORTING THE BOARDS OF COMMISSIONERS
SEKRETARIS DEWAN KOMISARIS SECRETARY TO THE BOARD
Sekretaris Dewan Komisaris diangkat oleh
OF COMMISSIONERS
dan bertanggung jawab kepada Dewan Secretary to the Board of Commissioners is appointed
Komisaris. Tanggung jawab Sekretaris Dewan by and responsible to the Board of Commissioners.
Komisaris antara lain mengatur administrasi dan The responsibilities of Secretary to the BOC are to
pelaksanaan tata kelola yang baik dan benar manage the administration and the implementation
dalam rangka membantu Dewan Komisaris dalam of Good Corporate Governance in assisting the
melaksanakan fungsi pengawasan yang efektif. BOC to conduct an effective supervision function.
Dewan Komisaris menunjuk Arief Dhani sebagai The Board of Commissioners appointed Arief Dhani
Sekretaris Dewan Komisaris berdasarkan as Secretary to the Board of Commissioners as stated
SK Dewan Komisaris No. 22 / SK-DEKOM/ in the Decision Letter of Board of Commissioners No.
BNBR/VIII/2019 tanggal 8 Agustus 2019. 22/SK-DEKOM/BNBR/VIII/2019 dated August 8, 2019.
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ARIEF A. DHANI, SE, MM, CPA, CA
SEKRETARIS DEWAN KOMISARIS
SECRETARY TO THE BOARD OF COMMISSIONERS
Arief A. Dhani, Warga Negara Indonesia,
lahir pada tahun 1971. Memulai karir
sebagai auditor di Kantor Akuntan
Publik Drs Hadi Sutanto & Rekan /
PricewaterhouseCoopers. Kemudian
sebagai Partner di Kantor Akuntan Publik
RSM Indonesia, dan kemudian Partner
pada Kantor Akuntan Publik Arman Dhani
& Rekan. Pernah menjadi pengajar di
Fakultas Ekonomi Universitas Indonesia.
Saat ini, selain sebagai Akuntan Publik,
juga menjadi anggota komite audit di
PT Bakrie & Brothers Tbk.
Memperoleh gelar Sarjana Ekonomi
jurusan Akuntansi dari Fakultas
Ekonomi Universitas Indonesia
dan gelar Magister Manajemen
di bidang keuangan dari
Universitas Pelita Harapan.
Arief A. Dhani, an Indonesian,
born in 1971. Began his
career as an auditor in
Public Accounting Firm Drs
Hadi Sutanto & Partners /
PricewaterhouseCoopers.
He then served as Partner in
Public Accounting Firm
RSM AAJ Associates, and
then Partner in the Public
Accounting Firm Arman Dhani
& Partners. He was a lecturer
in the Economy Faculty of
the University of Indonesia.
Currently, other than being
a Public Accountant, he also
serves as audit committee
in PT Bakrie & Brothers Tbk.
He earned an Economics
degree majoring in
Accounting from the
University of Indonesia and
Master of Management
degree in finance from the
Pelita Harapan University.
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Program Peningkatan Kompetensi Competence Development Program for the
Sekretaris Dewan Komisaris Secretary to the Board of Commissioners
Sekretaris Dewan Komisaris mendapatkan pendidikan The Secretary to the Board of Commissioners
berkelanjutan yang dikombinasikan dalam self- has continuous education which is combined in
study dan keikutsertaan pada pendidikan khusus, self-study and participation in special education,
pelatihan, workshop, seminar ataupun konferensi yang training, workshops, seminars and conferences
bermanfaat dalam meningkatkan efektivitas fungsinya. that are useful in its function effectiveness.
KOMITE PENUNJANG DEWAN KOMISARIS THE BOARD OF COMMISSIONERS
Dalam melaksanakan fungsi pengawasan
SUPPORTING COMMITTEES
pengelolaan perusahaan, Dewan Komisaris In implementing its supervisory functions on the
membentuk komite-komite penunjang yang company’s management, the Board of Commissioners
diketuai oleh salah satu Komisaris Independen. establishes supporting committees chaired by
one of the Independent Commissioners.
Komite Audit
Komite Audit merupakan suatu komite yang dibentuk Audit Committee
dan bertanggung jawab kepada Dewan Komisaris The Audit Committee is established by and
dan bertugas membantu Dewan Komisaris dalam responsible to the Board of Commissioners.
melakukan fungsi pengawasan atas hal-hal yang The Committee’s duties are to assist the Board
terkait dengan informasi keuangan, pengendalian of Commissioners in conducting supervisory
internal, pengelolaan risiko serta kepatuhan functions on matters pertaining to the financial
terhadap peraturan perundangan yang berlaku. information, internal control, risk management and
compliance towards the applicable legislations.
Dalam menjalankan tugasnya Komite Audit
berpedoman pada Piagam Komite Audit (Audit The company’s Audit Charter and OJK regulation
Charter) perusahaan dan peraturan OJK no.55/ number 55/POJK.04/2015 concerning the
POJK.04/2015 tentang Pembentukan dan Establishment and Audit Committee Implementation
Pedoman Pelaksanaan Kerja Komite Audit. Guidelines directs the implementation of
Audit Charter menguraikan secara lengkap Audit Committee’s duties. The Audit Charter
tugas, peran dan fungsi kerja Komite. elaborates the duties, roles and functions
of the Committee comprehensively.
Tugas dan Tanggung Jawab Komite Audit
Sebagaimana diatur dalam Piagam Komite Audit, tugas Duties and Responsibilities of Audit Committee
Komite Audit adalah membantu Dewan Komisaris As stipulated in the Audit Charter, the Audit
dalam menjalankan fungsi pengawasan sesuai Committee’s duties are to assist the Board of
dengan implementasi Good Corporate Governance. Commissioners in its supervisory functions
Komite Audit bertindak secara independen dalam in accordance with the implementation of
melaksanakan tugas dan tanggungjawabnya. Good Corporate Governance. The Audit
Committee acts independently in implementing
Tugas dan Tanggung Jawab Komite its duties and responsibilities.
Audit diatur sebagai berikut:
The Audit Committee’s Duties and
1. Melakukan penelaahan atas informasi keuangan Responsibilities are regulated as follows:
yang akan dikeluarkan perusahaan seperti
laporan keuangan, proyeksi, dan laporan lainnya 1. Reviewing the financial information, which
terkait dengan informasi keuangan perusahaan; will be published by the company such as
2. Melakukan penelaahan atas ketaatan terhadap financial reports, projections, and other reports
peraturan perundang-undangan yang on the company’s financial information;
berhubungan dengan kegiatan perusahaan; 2. Reviewing the compliance towards regulations
3. Memberikan pendapat independen dalam hal related to the company’s activity;
terjadi perbedaan pendapat antara manajemen 3. Providing independent opinions in the event of
dan Auditor Eksternal atas jasa yang diberikannya; disagreements between the management and
4. Memberikan rekomendasi kepada Dewan the External Auditor on the tendered services;
Komisaris mengenai penunjukan Auditor 4. Providing recommendations to the Board
Eksternal yang didasarkan pada independensi, of Commissioners on the appointment of
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ruang lingkup penugasan, dan biaya; External Auditor based on independency,
5. Melakukan penelaahan atas pelaksanaan scope of works, and fees;
pemeriksaan oleh auditor internal dan 5. Reviewing the auditing works of the internal
pelaksanaan tindak lanjut oleh Direksi auditor and follow-up actions by the Board of
atas temuan auditor internal; Directors on the internal auditor’s findings;
6. Melakukan penelaahan terhadap aktivitas 6. Reviewing the implementation of risk management
pelaksanaan manajemen risiko yang dilakukan conducted by the Board of Directors, if the
oleh Direksi, jika Perusahaan tidak memiliki fungsi Company does not have a risk oversight
pemantau risiko di bawah Dewan Komisaris; function under the Board of Commissioners;
7. Menelaah pengaduan yang berkaitan 7. Reviewing the whistleblowing
dengan proses akuntansi dan related to the company’s accounting
pelaporan keuangan perusahaan; process and financial reporting;
8. Menelaah dan memberikan saran kepada 8. Reviewing and providing advice to the Board
Dewan Komisaris terkait dengan adanya of Commissioners pertaining to the potential
potensi benturan kepentingan perusahaan; of conflicts of interest in the company;
9. Menjaga kerahasiaan dokumen, data 9. Maintaining the confidentiality of the company’s
dan informasi perusahaan. documents, data and information.
.
Kualifikasi Anggota Komite Audit Audit Committee’s Members Qualifications
1. Demi melaksanakan tugas dengan baik, 1. In order to conduct proper duties, the Audit
Komite Audit harus berisikan anggota yang Committee’s members shall have the competency
kompeten dan berkeahlian di bidang audit and expertise in auditing, and be independent.
serta independen. Berikut adalah kualifikasi The following are qualifications and requirements
dan persyaratan Komite Audit Perusahaan: of the Company’s Audit Committee: High
Memiliki integritas yang tinggi, kemampuan, Integrity, adequate expertise, knowledge, and
pengetahuan, dan pengalaman yang memadai, experience, as well as good communication skills.
serta mampu berkomunikasi dengan baik.
2. Good understanding on the financial
2. Memahami laporan keuangan, bisnis perusahaan, reports, company’s business, audit process,
proses audit, manajemen risiko, dan memiliki risk management, and has the adequate
pengetahuan yang memadai tentang peraturan knowledge on Capital Market laws as
perundang-undangan di bidang Pasar Modal serta well as other related legislations.
peraturan perundang-undangan terkait lainnya.
3. At least one of the Audit Committee’s
3. Paling kurang satu diantara anggota Komite members has the education background
Audit memiliki latar belakang pendidikan dan and expertise in accounting or finance.
keahlian di bidang akuntansi atau keuangan.
4. Compliance to the Company’s Audit
4. Mematuhi kode etik Komite Audit Committee code of conduct.
yang ditetapkan Perusahaan.
5. Continuously enhance its competence
5. Meningkatkan kompetensi secara terus through education and training.
menerus melalui pendidikan dan pelatihan.
6. Not a representative of Accounting Firm, Legal
6. Bukan merupakan orang dalam Kantor Akuntan, Consultant Firm, or other parties that provide
Kantor Konsultan Hukum, atau pihak lain attestation and non-attestation services, and/
yang memberi jasa atestasi, jasa non-atestasi or other consultancy services to the Issuers or
dan /atau jasa konsultasi lain kepada Emiten Listed Companies in the last 6 (six) months.
atau Perusahaan Publik yang bersangkutan
7. Does not have direct or indirect
dalam waktu 6 (enam) bulan terakhir.
shares in the Company.
7. Tidak mempunyai saham langsung maupun
8. In the event of direct or indirect ownership
tidak langsung pada Perusahaan.
by the members of the Audit Committee
8. Dalam hal anggota Komite Audit memperoleh due to legal actions, he/she therefore shall
saham Perusahaan baik langsung maupun tidak transfer its shares within 6 (six) months
langsung akibat suatu peristiwa hukum maka after the ownership to the other parties.
dalam jangka waktu paling lama 6 (enam) bulan
9. Does not have affiliated relations with the
setelah diperolehnya saham tersebut wajib
Company, Commissioners, Directors, or
mengalihkan sahamnya kepada pihak lain.
the Company’s Majority Shareholders.
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9. Tidak mempunyai hubungan Afiliasi dengan 10. Does not have any direct or indirect
Perusahaan, Komisaris, Direksi, atau business relations related to the
Pemegang Saham Utama Perusahaan. Company’s business activity.
10. Tidak mempunyai hubungan usaha baik 11. Does not have other relations that may
langsung maupun tidak langsung yang berkaitan influence its ability to act independently.
dengan kegiatan usaha Perusahaan. .
11. Tidak mempunyai hubungan lain yang
Audit Committee Independence
dapat mempengaruhi kemampuannya
untuk bertindak independen. All members of the Audit Committee have fully
fulfilled the independence criteria, as stipulated
in the Audit Charter and are able to assure
Independensi Komite Audit independence in every duty and decision-making.
Para anggota Komite Audit telah memenuhi
secara penuh semua kriteria independensi, Audit Committee Membership Composition
sebagaimana diatur dalam Audit Charter
The Audit Committee is appointed by the Board of
dan mampu menjamin independensi dalam
Commissioners with the professional qualifications
setiap tugas dan pengambilan keputusan.
to support the objective approach. The Audit
Committee members’ tenure may not be longer
Susunan Keanggotaan Komite Audit than the tenure of the Board of Commissioners as
Komite Audit diangkat oleh Dewan Komisaris stipulated in the articles of association and can
dengan kualifikasi profesional untuk mendukung be re-elected for the next 1 (one) period after the
sikap yang objektif. Masa tugas anggota Komite periodical review by the Board of Commissioners.
Audit tidak boleh lebih lama dari masa jabatan
Dewan Komisaris sebagaimana diatur dalam Based on the Board of Commissioners’ Decree
anggaran dasar dan dapat dipilih kembali hanya No. 05/SK-DEKOM/BNBR/V/2025, as of May
untuk 1 (satu) periode berikutnya setelah dilakukan 2, 2025, the Audit Committee composition for
review secara berkala oleh Dewan Komisaris. the period of 2025 - 2028 is as follows:
Berdasarkan Surat Ketetapan Dewan Komisaris 1. Chairman : Raniwati
No. 05/SK-DEKOM/BNBR/V/2025, per tanggal 2 2. Member : Arief A. Dhani
Mei 2025 susunan Komite Audit untuk periode 3. Member : A. Kristiyanto Wahyu Indriya
2025 - 2028 adalah sebagai berikut:
1. Ketua : Raniwati Furthermore based on the Board of Commissioners’
2. Anggota : Arief A. Dhani Decree No. 14/SK-DEKOM/BNBR/X/2025, as
3. Anggota : A. Kristiyanto Wahyu Indriya of October 13, 2025, the Audit Committee’s
composition according to Decree No. 05/SK-
DEKOM/BNBR/V/2025 was no longer valid
Kemudian berdasarkan Surat Ketetapan Dewan and the Audit Committee composition for
Komisaris No. 14/SK-DEKOM/BNBR/X/2025, the period of 2025 - 2028 is as follows:
per tanggal 13 Oktober 2025 dinyatakan
bahwa susunan Komite Audit sesuai SK No. 1. Chairman : Adrian T.P. Panggabean
05/SK-DEKOM/BNBR/V/2025 tidak berlaku 2. Member : Raniwati
lagi dan susunan Komite Audit untuk periode 3. Member : Arief A. Dhani
2025 - 2028 adalah sebagai berikut:
4. Member : A. Kristiyanto Wahyu Indriya
1. Ketua : Adrian T.P. Panggabean
2. Anggota : Raniwati
3. Anggota : Arief A. Dhani
4. Anggota : A. Kristiyanto Wahyu Indriya
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Profil Anggota Komite Audit Profile of Audit Committee Members
1. Adrian T.P. Panggabean (lihat 1. Adrian T.P. Panggabean (see profile
profil Dewan Komisaris) of Board of Commissioners)
2. Raniwati (lihat profil Dewan Komisaris) 2. Raniwati (see profile of Board of Commissioners)
3. Arief A. Dhani (lihat profil Sekretaris 3. Arief A. Dhani (see profile of Secretary
Dewan Komisaris) to the Board of Commissioners)
4. A. Kristiyanto Wahyu Indriya (lihat 4. A. Kristiyanto Wahyu Indriya (see profile
profil Anggota Komite Audit) of Audit Committee Members)
Program Peningkatan Kompetensi Competence Development Program
Anggota Komite Audit for Audit Committee Members
Para anggota Komite Audit mendapatkan Audit Committee Members have continuous
pendidikan berkelanjutan yang dikombinasikan education which is combined in self-study and
dalam self-study dan keikutsertaan pada participation in special education, training,
pendidikan khusus, pelatihan, workshop, seminar workshops, seminars and conferences that are
ataupun konferensi yang bermanfaat dalam useful in its function effectiveness, including
meningkatkan efektivitas fungsinya, termasuk those related to the recent development in
topik-topik yang berkaitan dengan perkembangan ESG-related topics. [SEOJK E.2] [GRI 2-17]
terkini berbagai isu ESG - Environmental Social
and Governance. [SEOJK E.2] [GRI 2-17] Audit Committee Duties Implementation
In fulfilling its duties, Audit Committee’s
Pelaksanaan Kegiatan Komite Audit daily activities are to assist BOC in doing its
Dalam melaksanakan tugasnya, Komite Audit monitoring function towards BOD and Company’s
melakukan aktivitas membantu Dewan Komisaris management in the following matters:
melakukan pengawasan terhadap Direksi dan
pengelolaan Perseroan dalam hal-hal sebagai berikut: 1. Reliability of Company’s Financial
Report and its internal control.
1. Keandalan dari Laporan Keuangan 2. Compliance to prevailing law and
Perseroan dan pengendalian internalnya. regulations including all of the Company's
2. Ketaatan terhadap peraturan dan policies and code of ethics.
perundangan yang berlaku termasuk seluruh 3. Qualification, independence, and performance
kebijakan serta kode etik Perusahaan. of Company’s Independent Auditor.
3. Kualifikasi, independensi, dan kinerja 4. All processes related to risk management
dari Auditor Independen Perseroan. and internal control systems.
4. Proses yang terkait dengan pengelolaan 5. Process and performance of
risiko dan sistem pengendalian internal Corporate Internal Audit.
(internal control systems).
5. Proses dan kinerja fungsi Internal Audit Perseroan.
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A. KRISTIYANTO
WAHYU INDRIYA
ANGGOTA KOMITE AUDIT
AUDIT COMMITTEE MEMBER
A. Kristiyanto Wahyu Indra, warga negara
Indonesia, lahir di Yogyakarta. Memulai
karir sebagai finance controller di PT
Bali Nirwana Resort dan kemudian di PT
Bakrie & Brothers Tbk. Selanjutnya beliau
pernah menjadi Partner di beberapa Kantor
Akuntan Publik dan saat ini menjabat
sebagai Business Advisory Partner di
Center of Business and Advisory (CIBA)
Member of Crowe serta anggota Komite
Audit PT VKTR Teknologi Mobilitas Tbk
dan PT Century Tokyo Leasing Indonesia.
Memperoleh gelar Sarjana Hukum dari
Universitas Bhayangkara, Sarjana Ekonomi
jurusan Akuntansi Universitas Gadjah Mada,
dan gelar Magister Manajemen di bidang
Administrasi Bisnis dari Universitas Indonesia.
A. Kristiyanto Wahyu Indra, an Indonesian
citizen, was born in Yogyakarta. He began
his career as a finance controller at PT Bali
Nirwana Resort and then at PT Bakrie &
Brothers Tbk. He has also been a partner
at several public accounting firms and
currently serves as a Business Advisory
Partner at the Center of Business and
Advisory (CIBA), a member of Crowe, and
a member of the Audit Committee of PT
VKTR Teknologi Mobilitas Tbk and PT
Century Tokyo Leasing Indonesia. He holds
a Bachelor of Law degree from Bhayangkara
University, a Bachelor of Economics
degree in Accounting from Gadjah Mada
University, and a Master of Management
degree in Business Administration
from the University of Indonesia.
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Rapat dan Kehadiran Anggota Komite Audit Audit Committee Members Meeting and Attendance
Dalam pelaksanaan tugas Komite, selama tahun 2025 During 2025, in its duties implementation, the Audit
Komite Audit telah mengadakan rapat baik rapat Committee holds the committee meetings as well
Komite maupun rapat dengan Dewan Komisaris, as the meeting with the Board of Commissioners,
Direksi maupun organ perusahaan yang lainnya. Directors and other organs of the company.
Rincian kehadiran rapat Komite Audit The following are detailed of the Audit
tahun 2025 adalah sebagai berikut: Committee Meeting and Attendance in 2025:
KOMITE AUDIT
TANGGAL AUDIT COMMITTEE
NO AGENDA
DATE
AP RN AD KWI
13 Januari 2025 Pembahasan rencana audit Laporan Keuangan BNBR tahun 2024
1 - 1 1 -
January 13, 2025 Discussion on audit plan for BNBR Financial Report year 2024
4 Februari 2025 Pembahasan hasil pemeriksaan Internal Audit
2 - 1 1 -
February 4, 2025 Discussion on audit result by Internal Audit
Pembahasan hasil audit Kantor Akuntan Publik
25 Maret 2025 atas Laporan Keuangan tahun 2024
3 - 1 1 -
March 25, 2025 Discussion on audit results of the Public Accounting
Firm for Financial Report year 2024
28 April 2025 Rapat internal Komite Audit
4 - 1 1 1
April 28, 2025 Audit Committee internal meeting
Pembahasan hasil pemeriksaan Internal
4 Juni 2025 Audit Triwulan 1 tahun 2025
5 - 1 1 1
June 4, 2025 Discussion on audit result of the First
Quarter 2025 by Internal Audit
17 Juni 2025 Pembahasan hasil reviu atas Laporan Keuangan tahun 2024
6 - 1 1 1
June 17, 2025 Discussion on review results of the Financial Report year 2024
29 Juli 2025 Pembahasan Laporan Keuangan per 30 Juni 2025
7 - 1 1 1
July 29, 2025 Discussion on Financial Report per June 30, 2025
Pembahasan hasil pemeriksaan Internal
7 Agustus 2025 Audit Triwulan 2 tahun 2025
8 - 1 1 1
August 7, 2025 Discussion on audit result of the Second
Quarter 2025 by Internal Audit
25 Agustus 2025 Pembahasan kegiatan Investasi BNBR
9 - 1 1 1
August 25, 2025 Discussion on BNBR Investment activities
23 Oktober 2025 Pembahasan hasil pemeriksaan Internal Audit
10 1 1 1 1
October 23, 2025 Discussion on audit result by Internal Audit
Pembahasan hasil reviu Laporan Keuangan per 30 September
2025 (Penelaahan Terbatas) dan Pelaksanaan Audit tahun 2025
25 November 2025
11 Discussion on review result of the Financial 1 1 1 1
November 25, 2025
Report per September 30, 2025 (Limited Review)
and Audit Implementation in 2025
Total 2 11 11 8
Persentase Kehadiran
100% 100% 100% 100%
Attendance Percentage
Keterangan | Description:
RN : Raniwati
IS : Irwan Sjarkawi
AD : Arief Dhani
KWI : A. Kristiyanto Wahyu Indriya
- : Belum / sudah tidak menjabat 0 : Tidak hadir 1 : Hadir
- : Not yet / no longer served 0 : Did not attend 1 : Attended
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Komite Nominasi dan Remunerasi [GRI 2-19] Nomination and Remuneration
Sebagaimana diatur dalam Anggaran Dasar Committee [GRI 2-19]
Perusahaan dan Peraturan Otoritas Jasa Keuangan As stipulated in the Company’s Articles of Association
No.34/POJK.04/2014, pengelolaan nominasi and Financial Services Authority Regulation No.
dan remunerasi Dewan Komisaris dan Direksi 34/POJK.04/2014, the management of nomination
ditetapkan oleh RUPS untuk dilaksanakan oleh and remuneration of the Board of Commissioners
Dewan Komisaris. Dalam implementasinya, selaras and Directors is ratified by the GMS to be
dengan penerapan GCG, Dewan Komisaris implemented by the Board of Commissioners. In its
dibantu oleh Komite Nominasi dan Remunerasi. implementation, aligned with GCG implementation,
the Board of Commissioners is assisted by the
Dalam menjalankan tugasnya Komite Nominasi Nomination and Remuneration Committee.
dan Remunerasi berpedoman pada Piagam
Komite Nominasi dan Remunerasi (Nomination and The Company’s Nomination and Remuneration
Remuneration Committee Charter) perusahaan Committee Charter and OJK regulation number
dan peraturan OJK no.34/POJK.04/2015 tentang 34/POJK.04/2015 concerning the Nomination
Komite Nominasi dan Remunerasi Emiten atau and Remuneration Committee of an Issuer or
Perusahaan Publik. Piagam Komite Nominasi a Public Company directs the implementation
dan Remunerasi menguraikan secara lengkap of Nomination and Remuneration Committee’s
tugas, peran dan fungsi kerja Komite. duties. The Nomination and Remuneration
Committee Charter elaborates the duties, roles and
Tugas dan Tanggung Jawab Komite functions of the Committee comprehensively.
Nominasi dan Remunerasi
Tugas dan tanggung jawab Komite Nominasi Duties and Responsibilities of Nomination
dan Remunerasi (KNR) antara lain: and Remuneration Committee
The following are among others the
1. Memberikan arahan dalam hal kepemimpinan duties and responsibilities of Nomination
dan perencanaan suksesi untuk setiap and Remuneration Committee:
posisi kunci dan pencalonan pengangkatan
sebagai anggota Dewan Komisaris / 1. Providing direction in leadership and succession
Direksi, serta hal-hal yang terkait dengan plan of key positions as well as the appointment
pengangkatan kembali dan remunerasinya. of the members of BOC/BOD, including matters
2. Memastikan bahwa Perseroan telah memiliki related to the re-appointment and remunerations.
sistem remunerasi yang transparan berupa 2. Ensuring a transparent remuneration
gaji atau honorarium, tunjangan dan fasilitas system in the Company, such as salaries
yang bersifat tetap serta berupa tantiem or honorarium, fixed benefits and facilities
dan insentif yang bersifat variabel. including tantiem and variable incentives.
3. Mengkaji kelayakan sistem remunerasi 3. Reviewing the appropriateness of the
bagi Direksi dan Dewan Komisaris, serta remuneration system for the Board of
merekomendasikan penyesuaian yang diperlukan Directors and the Board of Commissioners,
dengan mempertimbangkan keterkaitan antara as well as to recommend any necessary
tingkat remunerasi yang diterima dengan adjustment by taking into account the relations
pencapaian target kinerja yang ditetapkan. between awarded remuneration levels with
4. Memberikan rekomendasi tentang sistem the set performance achievements.
nominasi, evaluasi remunerasi yang 4. Providing recommendations on nomination
transparan bagi Dewan Komisaris, Direksi system, transparent remuneration evaluations
dan pejabat setingkat dibawah Direksi for the Board of Commissioners, Directors
untuk seterusnya mengajukan rekomendasi and one-down executives under the
kepada Dewan Komisaris. [GRI 2-20] Directors for further recommendation to
5. Mengkaji kelayakan kebijakan pemberian the Board of Commissioners. [GRI 2-20]
dan penggunaan fasilitas-fasilitas yang 5. Reviewing the appropriateness of rewarding
disediakan bagi Dewan Komisaris, policies and the usage of available facilities
Direksi dan pejabat setingkat dibawah for the Board of Commissioners, Directors
Direksi serta memberikan rekomendasi and one-down executives under the
perbaikan/perubahan yang diperlukan. Directors, and to provide recommendations
on necessary improvements/amendments.
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6. Menetapkan kebijakan dalam penyusunan 6. Stipulating the policies in the formulation
sistem penggajian dan pemberian tunjangan of salary system and benefits rewarding
serta mereview dan memberikan rekomendasi as well as reviewing and recommending
atas penilaian kinerja, pemberian insentif, the performance achievement, incentives
sistem pensiun dan kompensasi dalam rewarding, pension and compensation systems
hal bila terjadi pengurangan pegawai. in the event of employees reduction.
7. Menyusun kriteria seleksi dan prosedur nominasi 7. Developing the selection criteria and
anggota Dewan Komisaris dan Direksi dan nomination procedures of the members of
eksekutif lainnya dan memberikan rekomendasi the Board of Commissioners and Directors,
mengenai jumlah Direksi dan Komisaris. and other executives, and providing
recommendations on the number of the
Board of Directors and Commissioners.
Independensi Komite Nominasi dan Remunerasi
Anggota Komite Nominasi dan Remunerasi
bertindak secara independen dan mampu Nomination and Remuneration
menjamin independensi dalam setiap Committee Independence
tugas dan pengambilan keputusan. The members of the Nomination and
Remuneration Committee independently act
Susunan Keanggotaan Komite and are able to guarantee its independence
Nominasi dan Remunerasi in every duties and decision-making.
Berdasarkan Surat Ketetapan Dewan Komisaris
No. 04/SK-DEKOM/BNBR/VII/2022, per tanggal Nomination and Remuneration Committee
28 Juli 2022 dinyatakan bahwa susunan Komite Membership Composition
Nominasi dan Remunerasi untuk periode Based on the Board of Commissioners’
2022 - 2024 adalah sebagai berikut: Decree No. 04/SK-DEKOM/BNBR/VII/2022,
as of July 28, 2022, the Nomination and
1. Ketua : Raniwati Remuneration Committee composition for
2. Anggota : Armansyah Yamin the period of 2022 - 2024 is as follows:
3. Anggota : Okder Pendrian
1. Chairman : Raniwati
2. Member : Armansyah Yamin
Kemudian berdasarkan Surat Ketetapan Dewan
Komisaris No. 15/SK-DEKOM/BNBR/X/2025, per 3. Member : Okder Pendrian
tanggal 13 Oktober 2025 dinyatakan bahwa susunan
Komite Nominasi dan Remunerasi sesuai SK No. 04/ Furthermore based on the Board of Commissioners’
SK-DEKOM/BNBR/VII/2022 tidak berlaku lagi dan Decree No. 15/SK-DEKOM/BNBR/X/2025,
susunan Komite Nominasi dan Remunerasi untuk as of October 13, 2025, the Nomination and
periode 2025 - 2028 adalah sebagai berikut: Remuneration Committee’s composition
according to Decree No. 04/SK-DEKOM/BNBR/
1. Ketua : Raniwati VII/2022 was no longer valid and the Nomination
2. Anggota : Armansyah Yamin and Remuneration Committee composition for
3. Anggota : Okder Pendrian the period of 2025 - 2028 is as follows:
1. Chairman : Raniwati
Profil Anggota Komite Nominasi dan Remunerasi
2. Member : Armansyah Yamin
1. Raniwati (lihat profil Dewan Komisaris) 3. Member : Okder Pendrian
2. Armansyah Yamin (lihat profil Dewan Komisaris)
3. Okder Pendrian (lihat profil Manajemen Senior) Profile of Nomination and Remuneration
Committee Members
1. Raniwati (see profile of Board of Commissioners)
2. Armansyah Yamin (see profile of
Board of Commissioners)
3. Okder Pendrian (see profile of
Senior Management)
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Program Peningkatan Kompetensi Anggota
Komite Nominasi dan Remunerasi Competence Development Program for Nomination
Para anggota Komite Nominasi dan Remunerasi and Remuneration Committee Members
mendapatkan pendidikan berkelanjutan yang Nomination and Remuneration Committee Members
dikombinasikan dalam self-study dan keikutsertaan have continuous education which is combined in
pada pendidikan khusus, pelatihan, workshop, self-study and participation in special education,
seminar ataupun konferensi yang bermanfaat training, workshops, seminars and conferences
dalam meningkatkan efektivitas fungsinya. that are useful in their function effectiveness.
Pelaksanaan Kegiatan Komite Nomination and Remuneration
Nominasi dan Remunerasi Committee Duties Implementation
Dalam melaksanakan tugasnya, Komite Remunerasi In implementing its duties, the Nomination and
dan Nominasi melakukan aktivitas membantu Remuneration Committees daily activities are to assist
Dewan Komisaris dalam hal-hal sebagai berikut: the Board of Commissioners in the following matters:
1. Memformulasikan dan memberikan arahan 1. Formulate and provide guidance about
dalam hal kepemimpinan dan perencanaan leadership and succession plan for every
suksesi untuk setiap posisi kunci dan pencalonan key positions and nomination as members of
pengangkatan sebagai anggota Dewan Komisaris BOC or BOD, as well as other matters related
atau Direksi, serta hal-hal yang terkait dengan with reappointment and its remuneration.
pengangkatan kembali dan remunerasinya.
2. Conduct review and nominate candidates
2. Melakukan penelaahan dan mengusulkan for BOC or BOD members to be
calon anggota Dewan Komisaris atau Direksi appointed and ratified in GMS.
untuk dipilih dan ditetapkan dalam RUPS.
3. Periodically assess the eligibility of a retiring
3. Secara periodik menilai apakah anggota BOC or BOD member for reappointment in GMS.
Dekom atau Direksi yang akan berakhir
4. Nominate candidate for C-level executives.
masa tugasnya akan dicalonkan untuk
dipilih kembali dalam RUPS. 5. Suggest remuneration package for
BOC, BOD and C-level executives.
4. Mengusulkan calon untuk
dinominasikan sebagai Chiefs.
5. Mengusulkan paket remunerasi untuk Dewan Nomination and Remuneration Committee
Komisaris, Direksi, dan para Chiefs. Members Meeting and Attendance
During 2025, in its duties implementation, the
Nomination and Remuneration Committee
Rapat dan Kehadiran Anggota Komite
holds the committee meetings as well as the
Nominasi dan Remunerasi
meeting with the Board of Commissioners,
Dalam pelaksanaan tugas Komite, selama Directors and other organs of the company.
tahun 2025 Komite Nominasi dan Remunerasi
telah mengadakan rapat baik rapat Komite The following are detailed of the
maupun rapat dengan Dewan Komisaris, Direksi Nomination and Remuneration Committee
maupun organ perusahaan yang lainnya. meeting and attendance in 2025:
Rincian kehadiran rapat Komite Nominasi dan
Remunerasi tahun 2025 adalah sebagai berikut:
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KOMITE NOMINASI
& REMUNERASI
TANGGAL NOMINATION &
NO AGENDA REMUNERATION COMMITTEE
DATE
AY RN OP
17 Januari 2025 Pembahasan Program Human Capital 2025
1 1 1 1
January 17, 2025 Discussion on 2025 Human Capital Program
Pembahasan Komposisi Anggota Komite-Komite
12 Februari 2025 Organ Dewan Komisaris Perseroan
2 1 1 1
February 12, 2025 Discussion on Members Composition of
Committees under Board of Commissioners
Penetapan Komposisi Anggota Komite Organ Dewan Komisaris
21 Februari 2025
3 Determination of Members Composition of 1 1 1
February 21, 2025
Committees under Board of Commissioners
Pembahasan Kebijakan SDM tentang Penetapan
17 Maret 2025 Remunerasi Pejabat Eksekutif yang Rangkap Jabatan
4 1 1 1
March 17, 2025 Discussion on Human Capital Policy concerning Determination
of Remuneration for Executive Officers with Concurrent Positions
25 Maret 2025
5 Update Human Capital Program Q1 1 1 1
March 25, 2025
Pembahasan Pembaharuan Kebijakan
2 Mei 2025 dan Prosedur SDM Perseroan
6 1 1 1
May 2, 2025 Discussion on Renewal of Company’s Human
Capital Policies and Procedures
4 Agustus 2025 Pembahasan Leadership Pipeline di Grup BNBR
7 1 1 1
August 4, 2025 Discussion on Leadership Pipeline at BNBR Group
Pembahasan Talent Management dan
28 Agustus 2025 Perencanaan Suksesi di Grup BNBR
8 1 1 1
August 28, 2025 Discussion on Talent Management and
Succession Planning at BNBR Group
Pembahasan Hasil Penilaian Kinerja
19 September 2025 Unit Usaha Tahun Buku 2024
9 1 1 1
September 19, 2025 Discussion on Result of Performance Review
of Business Units for Fiscal Year 2024
Penetapan Remunerasi Untuk Anggota
29 September 2025 Dewan Komisaris yang Baru
10 1 1 1
September 29, 2025 Determination of Remunerations for New
Members of Board of Commissioners
Perkenalan Anggota Dewan Komisaris yang Baru dan
7 Oktober 2025 Penetapan Komite-Komite Organ Dewan Komisaris
11 1 1 1
October 7, 2025 Introduction of New Members of Board of Commissioners and
Determination of Committees under Board of Commissioners
Total 11 11 11
Persentase Kehadiran
100% 100% 100%
Attendance Percentage
Keterangan | Description:
AY : Armansyah Yamin
RN : Raniwati
OP : Okder Pendrian
- : Belum / sudah tidak menjabat 0 : Tidak hadir 1 : Hadir
- : Not yet / no longer served 0 : Did not attend 1 : Attended
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Kebijakan Mengenai Suksesi Direksi Policies on Board of Directors Succession
Kebijakan suksesi untuk Direksi Perseroan Policy on Company’s Board of Directors succession
ditetapkan dalam kebijakan SDM tentang Program is stipulated in Human Resources policy concerning
Pengembangan Karir dan Suksesi. Dalam Career Development and Succession Program.
pelaksanaannya Komite Nominasi dan Remunerasi In its implementation, the Nomination and
bertanggung jawab untuk memimpin proses Remuneration Committee is responsible to lead
perencanaan suksesi untuk Direksi, meskipun the succession planning process of the Board of
penunjukkan seorang Direktur harus mendapat Directors, although appointment of a Director must
persetujuan dari RUPS. Kebijakan Perseroan adalah gain approval from GMS. The Company has a
melakukan promosi internal dimana memungkinkan. policy to do internal promotion wherever possible.
Kandidat-kandidat internal untuk posisi pemimpin Internal candidates for a leadership position can be
dapat diidentifikasi dan disiapkan melalui program identified and groomed through a human resources
pengembangan sumber daya manusia yang dikelola development program managed by the Human
oleh divisi SDM dan Bakrie Learning Center. Resources division and Bakrie Learning Center.
Komite Investasi dan Manajemen Risiko Investment and Risk Management Committee
Komite Investasi dan Manajemen Risiko dibentuk The Investment and Risk Management Committee was
untuk membantu Dewan Komisaris memastikan bahwa established to assist the Board of Commissioners in
prinsip dan kaidah tata kelola perusahaan yang baik ensuring sound implementation of Good Corporate
(Good Corporate Governance – GCG) terlaksana Governance principles and ensuring that investment
dengan baik dan kegiatan investasi (termasuk activities (including divestment, financing, and other
kegiatan divestasi, pembiayaan, dan kegiatan terkait related activities), which are the Company’s main
lainnya) yang merupakan kegiatan utama Perseroan business activity, can be carried out in an orderly
dapat dilakukan dengan cermat yang didasari prinsip manner and based on prudent principle to achieve
kehati-hatian (prudent) untuk mencapai visi, misi dan Company’s vision, mission and goal. The Investment
tujuan Perseroan. Selain itu Komite Investasi dan and Risk Management Committee also assists the
Manajemen Risiko juga membantu Dewan Komisaris Board of Commissioners in developing, implementing
dalam mengembangkan, mengimplementasikan dan and regulating the risk management policies in the
mengatur kebijakan pengelolaan risiko di seluruh Company, as well as being responsible for carrying
Perusahaan, serta bertugas melakukan pengawasan out supervisory on major risk aspects and for the
terhadap aspek-aspek risiko utama dan memastikan assurance of risks anticipation and mitigation.
antisipasi dan mitigasi terhadap risiko tersebut.
In implementing its duties, the Investment and Risk
Dalam melaksanakan tugasnya Komite Investasi dan Management Committee cooperates with the Audit
Manajemen Risiko bekerja sama dengan Komite Committee and Corporate Risk Management Division.
Audit dan Divisi Corporate Risk Management.
The Company’s Investment and Risk Management
Dalam menjalankan tugasnya Komite Investasi Committee Charter directs the implementation of
dan Manajemen Risiko berpedoman pada Investment and Risk Management Committee’s
Piagam Komite Investasi dan Manajemen Risiko duties. The Investment and Risk Management
(Investment and Risk Management Committee Committee Charter elaborates the duties, roles and
Charter) perusahaan yang menguraikan secara functions of the Committee comprehensively.
lengkap tugas, peran dan fungsi kerja Komite.
Duties and Responsibilities of Investment
Tugas dan Tanggung Jawab Komite and Risk Management Committee
Investasi dan Manajemen Risiko The Investment and Risk Management Committee
Tugas Komite Investasi dan Manajemen Risiko has the duty of assisting and/or represent the
adalah membantu dan/atau mewakili Dewan Board of Commissioners to monitor, evaluate, and
Komisaris untuk mengawasi, mengevaluasi, dan give input on investment, divestment, as well as
memberikan masukan atas transaksi investasi, risk controlling activities in the following matters:
divestasi, dan pembiayaan, serta kegiatan
pengendalian risiko dalam hal-hal sebagai berikut:
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1. Mengawasi, mengevaluasi, menelaah, menilai 1. Monitor, evaluate, assess, appraise and give input
dan memberikan masukan terhadap kecukupan, on adequacy, completeness, and effectivity of
kelengkapan, dan efektivitas pengendalian control over investment / divestment / funding
proses investasi / divestasi / pembiayaan, process, as well as Company risk management.
serta proses manajemen risiko Perseroan. 2. Monitor, evaluate, and give recommendations
2. Mengawasi, menelaah, dan memberikan on policy direction in managing every resource
rekomendasi tentang arah kebijakan dalam of the Company in an efficient and effective
mengelola seluruh sumber daya Perseroan manner to be carried out by the Board of
secara efisien dan efektif untuk diterapkan oleh Directors and Chief Investment Officer (CIO).
Direksi dan Chief Investment Officer (CIO). 3. Ensure thorough implementation of Company
3. Memastikan terselenggaranya manajemen risk management starting from policy formulation,
risiko Perseroan secara menyeluruh mulai provision of resources and means, completeness
dari perumusan kebijakan, penyediaan of procedures, and implementation practices
sumber daya dan sarana, kelengkapan can be carried out in an efficient and effective
prosedur, dan praktik penerapannya dapat manner according to international standard
terlaksana secara efisien dan efektif sesuai and prevailing rules and regulations.
dengan tuntutan standar internasional dan 4. Monitor, evaluate, and give input/recommendation
peraturan perundangan yang berlaku. on approval process of investment, divestment,
4. Mengawasi, mengevaluasi, dan memberikan and funding proposal, as well as other related
saran/rekomendasi atas proses persetujuan activities. In giving input/recommendation on
proposal investasi, divestasi, dan pembiayaan, approval process of investment / divestment
serta kegiatan terkait lainnya. Dalam memberikan / funding proposal, the Committee considers
saran/rekomendasi atas proses persetujuan strategic risks (including reputation risk and law
proposal investasi / divestasi / pembiayaan, / legal / regulation risk), financial risk (including
Komite mempertimbangkan risiko strategis mismatch risk), market / commercial risk,
(termasuk risiko reputasi dan risiko hukum / legal / and operation risk affecting the investment,
regulasi), risiko finansial (termasuk risiko likuiditas), divestment, and funding plan, also the
risiko pasar / komersial, dan risiko operasional risks related to environmental and social
atas rencana suatu kegiatan investasi, divestasi, impacts, as well as the risk related to climate
dan pembiayaan, serta risiko-risiko lingkungan, change. Moreover, the risk assessment for
sosial, serta potensi risiko perubahan iklim. Selain the implementation of sustainable finance is
itu, penilaian risiko atas penerapan keuangan considered an essential strategic step. BNBR
berkelanjutan dianggap sebagai langkah recognizes that the integration of environmental,
strategis yang esensial. BNBR mengakui bahwa social, and governance (ESG) considerations
integrasi pertimbangan lingkungan, sosial, dan into the company’s financial practices not only
tata kelola (ESG) ke dalam praktek keuangan mitigates long-term risks but also identifies new
Perseroan tidak hanya memitigasi risiko jangka opportunities for sustainable growth. Through
panjang, tetapi juga mengidentifikasi peluang comprehensive evaluation of potential market
baru untuk pertumbuhan berkelanjutan. Melalui risks, operational risks, and credit risks, along with
evaluasi komprehensif terhadap potensi risiko the application of effective mitigation strategies,
pasar, risiko operasional, dan risiko kredit, the company is committed to ensuring responsible
serta penerapan strategi mitigasi yang efektif, financial sustainability, supporting environmental
Perseroan berkomitmen untuk memastikan and social initiatives, and delivering added
keberlanjutan finansial yang bertanggung value to stakeholders. [SEOJK E.3] [GRI 2-13]
jawab, mendukung inisiatif lingkungan dan 5. Assist the Board of Commissioners in carrying
sosial, serta memberikan nilai tambah bagi out oversight, evaluation, and providing input on
pemangku kepentingan. [SEOJK E.3] [GRI 2-13] risk management across all levels (Enterprise Risk
5. Membantu Komisaris dalam melakukan Management – ERM) to achieve objectives that
pengawasan, evaluasi, dan memberikan are aligned and consistent with the Company’s
masukan terhadap pengendalian risiko pada vision, mission, goals, and strategic plans. In
semua tingkatan (Enterprise Risk Management performing this role, the Committee receives
– ERM) untuk mencapai sasaran dan hasil yang delegated authority and responsibilities from
selaras dan konsisten dengan visi, misi, tujuan, the Board of Commissioners in accordance with
dan perencanaan strategis Perseroan. Dalam its defined scope, while remaining under the
menjalankan fungsi tersebut, Komite menerima Board’s oversight, and supports the Board of
pendelegasian tugas dan wewenang dari Commissioners in overseeing the Company’s
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Dewan Komisaris sesuai dengan ruang lingkup economic, environmental, and social risks
yang ditetapkan, serta tetap berada di bawah and impacts, including the review of risk
pengawasan Dewan Komisaris, serta mendukung management policy in terms of risk limit (risk
Dewan Komisaris dalam melakukan pengawasan appetite and risk tolerance) set by the Board
atas risiko dan dampak Perseroan yang mencakup of Directors, as well as the assessment of risk
aspek ekonomi, lingkungan, dan sosial,termasuk response effectiveness through mitigation
dalam melakukan penilaian terhadap kebijakan measures implemented. [GRI 2-12] [GRI 2-13]
manajemen risiko terkait batasan risiko (risk 6. Carry out discussion, evaluation, verification
appetite and risk tolerance) yang ditetapkan and give recommendation on investment
Direksi, serta efektivitas upaya penanganan control process and risk management by
risiko (risk response) melalui langkah-langkah the BOD and report it to the BOC.
mitigasi yang dilakukan. [GRI 2-12][GRI 2-13]
7. Give periodic and/or timely reports
6. Melakukan diskusi, evaluasi, verifikasi dan as requested by BOC.
memberikan rekomendasi atas proses
pengendalian investasi dan pengelolaan
risiko oleh Direksi dan melaporkannya Investment and Risk Management
kepada Dewan Komisaris. Committee Membership Composition
7. Memberikan laporan secara periodik dan/atau Based on the Board of Commissioners’
sewaktu-waktu diminta oleh Dewan Komisaris. Decree No. 18/SK-DEKOM/BNBR/VIII/2023,
as of August 8, 2023, the Investment and Risk
Management Committee composition for
Susunan Keanggotaan Komite the period of 2023 - 2025 is as follows:
Investasi dan Manajemen Risiko
Berdasarkan Surat Ketetapan Dewan Komisaris No. 18/ 1. Chairman : Anindya N. Bakrie
SK-DEKOM/BNBR/VIII/2023, per tanggal 8 Agustus 2. Member : Armansyah Yamin
2023 susunan Komite Investasi dan Manajemen Risiko
3. Member : Roy Hendrajanto M. Sakti
untuk periode 2023 - 2025 adalah sebagai berikut:
4. Member : Kartini Sally
1. Ketua : Anindya N. Bakrie 5. Member : Arief A. Dhani
2. Anggota : Armansyah Yamin
3. Anggota : Roy Hendrajanto M. Sakti Furthermore based on the Board of Commissioners’
4. Anggota : Kartini Sally Decree No. 16/SK-DEKOM/BNBR/X/2025, as
of October 13, 2025, the Investment and Risk
5. Anggota : Arief A. Dhani
Management Committee’s composition according
to Decree No. 18/SK-DEKOM/BNBR/VII/2023
Kemudian berdasarkan Surat Ketetapan Dewan was no longer valid and the Investment and
Komisaris No. 16/SK-DEKOM/BNBR/X/2025, per Risk Management Committee composition for
tanggal 13 Oktober 2025 dinyatakan bahwa susunan the period of 2025 - 2028 is as follows:
Komite Investasi dan Manajemen Risiko sesuai SK
No. 18/SK-DEKOM/BNBR/VII/2023 tidak berlaku lagi 1. Chairman : Armansyah Yamin
dan susunan Komite Investasi dan Manajemen Risiko 2. Member : Raniwati
untuk periode 2025 - 2028 adalah sebagai berikut:
3. Member : Syailendra S. Bakrie
1. Ketua : Armansyah Yamin 4. Member : Adika Aryasthana Bakrie
2. Anggota : Raniwati 5. Member : Adrian T. P. Panggabean
3. Anggota : Syailendra S. Bakrie 6. Member : Roy Hendrajanto M. Sakti
4. Anggota : Adika Aryasthana Bakrie 7. Member : Kartini Sally
5. Anggota : Adrian T. P. Panggabean
6. Anggota : Roy Hendrajanto M. Sakti
7. Anggota : Kartini Sally
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Profil Anggota Komite Investasi Profile of Investment and Risk
dan Manajemen Risiko Management Committee Members
1. Armansyah Yamin (lihat profil Dewan Komisaris) 1. Armansyah Yamin (see profile of
2. Raniwati (lihat profil Dewan Komisaris) Board of Commissioners)
3. Syailendra S. Bakrie (lihat profil Dewan Komisaris) 2. Raniwati (see profile of Board of Commissioners)
4. Adika Aryasthana Bakrie (lihat 3. Syailendra S. Bakrie (see profile of
profil Dewan Komisaris) Board of Commissioners)
5. Adrian T.P. Panggabean (lihat 4. Adika Aryasthana Bakrie (see profile
profil Dewan Komisaris) of Board of Commissioners)
6. Roy Hendrajanto M. Sakti (lihat profil Direksi) 5. Adrian T.P. Panggabean (see profile
of Board of Commissioners)
7. Kartini Sally (lihat profil Direksi)
6. Roy Hendrajanto M. Sakti (see
profile of Board of Directors)
Program Peningkatan Kompetensi Anggota
7. Kartini Sally (see profile of Board of Directors)
Komite Investasi dan Manajemen Risiko
Para anggota Komite Investasi dan Manajemen
Risiko mendapatkan pendidikan berkelanjutan yang Competence Development Program for Investment
dikombinasikan dalam self-study dan keikutsertaan and Risk Management Committee Members
pada pendidikan khusus, pelatihan, workshop, Investment and Risk Management Committee
seminar ataupun konferensi yang bermanfaat members have continuous education which
dalam meningkatkan efektivitas fungsinya. is combined in self-study and participation
in special education, training, workshops,
Pelaksanaan Kegiatan Komite Investasi seminars and conferences that are useful
dan Manajemen Risiko in their function effectiveness.
Komite Investasi dan Manajemen Risiko
melaksanakan tugasnya membantu Dewan Investment and Risk Management
Komisaris dalam melakukan fungsi pengawasannya Committee Duties Implementation
terhadap Direksi, khususnya dalam melakukan The Investment and Risk Management
penelaahan, penilaian dan rekomendasi terhadap Committee assist the Board of Commissioners
kecukupan, kelengkapan, dan efektivitas in conducting its supervision function over the
manajemen risiko atas aktivitas perseroan, Board of Directors, especially in conducting
termasuk proposal dan pelaksanaan proyek. review, recommendation and assessment to the
adequacy, completeness and effectiveness of
Dalam menjalankan fungsinya Komite Investasi dan risk management for the company’s activities,
Manajemen Risiko memperoleh dukungan dari Direksi including project proposal and implementation.
yang dibantu oleh Divisi Corporate Risk Management
(CRM) dengan memberikan akses pada sumber In executing its function, the Investment and Risk
informasi termasuk dokumen yang diperlukan dan Management Committee gained support from
fasilitas yang memadai dalam menjalankan fungsinya. the Board of Directors assisted by Corporate Risk
Management (CRM) Division by giving access to
Rapat dan Kehadiran Anggota Komite sources of information including documents required
Investasi dan Manajemen Risiko and sufficient facility in performing its function.
Dalam pelaksanaan tugas Komite, selama tahun
2025 Komite Investasi dan Manajemen Risiko Investment and Risk Management Committee
telah mengadakan rapat baik rapat Komite Members Meeting and Attendance
maupun rapat dengan Dewan Komisaris, Direksi During 2025, in its duties implementation, the
maupun organ perusahaan yang lainnya. Investment and Risk Management Committee
holds the committee meetings as well as the
Rincian kehadiran rapat Komite Investasi meeting with the Board of Commissioners,
dan Manajemen Risiko tahun 2025: Directors and other organs of the company.
The following are detailed of the Investment
and Risk Management Committee
meeting and attendance in 2025:
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KOMITE INVESTASI DAN MANAJEMEN
RISIKO PERUSAHAAN
TANGGAL INVESTMENT AND RISK
NO AGENDA MANAGEMENT COMMITTEE
DATE
AY RN SSB AYB AP RH KS
Penyampaian pencapaian program
24 Maret 2025 2024, dan rencana kerja CRM 2025
1 1 1 - - - 1 1
March 24, 2025 Submission of 2023 program achievements,
and 2024 CRM work plans
Pembahasan usulan dan perkembangan
28 April 2025 investasi unit usaha
2 1 1 - - - 1 1
April 28, 2025 Discussion on business unit investment
proposals and developments
Pembahasan Risiko Proyek dan/atau
28 Juli 2025 Transaksi semester 1 tahun 2025
3 1 1 - - - 1 1
July 28, 2025 Discussion on Risks of Project and/or
Transaction semester 1 year 2025
Pembahasan usulan dan perkembangan
7 Oktober 2025 investasi unit usaha
4 1 1 1 1 1 1 1
October 7, 2025 Discussion on business unit investment
proposals and developments
Pembahasan Risiko Proyek dan/atau
5 Desember 2025 Transaksi semester 2 tahun 2025
5 1 1 1 1 1 1 1
December 5, 2025 Discussion on Risks of Project and/or
Transaction semester 2 year 2025
Total 5 5 2 2 2 5 5
Persentase Kehadiran
100% 100% 100% 100% 100% 100% 100%
Attendance Percentage
Keterangan | Description:
AY : Armansyah Yamin
AP : Adrian T.P. Panggabean - : Belum / sudah tidak menjabat 0 : Tidak hadir 1 : Hadir
RN : Raniwati
RH : Roy Hendrajanto M. Sakti - : Not yet / no longer served 0 : Did not attend 1 : Attended
SSB : Syailendra S. Bakrie
KS : Kartini Sally
AYB : Adika Aryasthana Bakrie
Komite Tata Kelola Perusahaan Corporate Governance Committee
Komite Tata Kelola Perusahaan (Komite CG) dibentuk The Corporate Governance Committee (CG
untuk membantu fungsi Dewan Komisaris mengelola Committee) is established to assist the Board of
dan memastikan efektifitas penerapan praktik GCG di Commissioners’ functions in the management
Perusahaan. Komite mengawasi dan mendorong agar and assurance of effectiveness of GCG practices
penerapan prinsip-prinsip GCG dan praktik korporasi implementation in the Company. The Committee
yang sehat telah terlaksana sesuai dengan peraturan monitors and supports the implementation
perundang undangan, standard industri yang berlaku, of GCG principles in accordance with the
dan norma-norma etika yang hidup di masyarakat. prevailing legislations and industry standards,
as well as ethical norms in the community.
Dalam menjalankan tugasnya Komite Tata Kelola
Perusahaan berpedoman pada Piagam Komite The Company’s Corporate Governance
Tata Kelola Perusahaan (Corporate Governance Committee Charter directs the implementation
Committee Charter) perusahaan yang menguraikan of Corporate Governance Committee’s duties.
secara lengkap tugas, peran dan fungsi kerja Komite. The Corporate Governance Committee Charter
elaborates the duties, roles and functions
of the Committee comprehensively.
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Tugas dan Tanggung Jawab Komite Duties and Responsibilities of Corporate
Tata Kelola Perusahaan Governance Committee
1. Membantu tugas Dewan Komisaris dalam 1. Assist the Board of Commissioners in
pembinaan dan tugas pengawasan supervisory and monitoring function,
khususnya tentang efektivitas penerapan especially regarding effectiveness of GCG
praktik GCG di Perusahaan sebagai upaya practices implementation in the Company as
meningkatkan nilai Pemegang Saham. an effort to increase Shareholders value.
2. Memberikan rekomendasi peningkatan 2. Provide recommendations on improvement
penerapan GCG di Perusahaan, of GCG implementation in the Company,
sesuai dengan asas-asas GCG. in accordance with GCG principles.
3. Meningkatkan keyakinan para Stakeholders 3. Increase Stakeholders’ confidence that
bahwa Perusahaan dikelola dengan the Company is managed in a prudent,
baik, professional dan terpercaya. professional and reliable manner.
4. Memastikan bahwa penerapan prinsip-prinsip 4. Ensure that the implementation of Corporate
Corporate Governance (CG) dan praktik Governance (CG) principles and sound
korporasi yang sehat telah terlaksana sesuai corporate practices have been carried out
dengan tuntutan peraturan perundangan, in accordance with the demand of rules and
standar industri yang berlaku, dan norma- regulations, prevailing industry standard,
norma etika yang hidup di masyarakat. and ethical norms practiced by society .
5. Komite CG membantu Dewan Komisaris dalam 5. Assist the Board of Commissioners in
mengkaji kebijakan GCG secara menyeluruh comprehensively assessing GCG policies
yang disusun oleh Direksi dan Manajemen formulated by the Board of Directors and
serta menilai konsistensi penerapannya, Management as well evaluate the consistency
termasuk yang terkait dengan etika bisnis dan of its implementation, including those
tanggung jawab sosial perusahaan (CSR). that are related with business ethics and
6. Memastikan kecukupan struktur dan proses bagi corporate social responsibility (CSR).
organ perseroan maupun organ pendukung 6. Ensure adequacy of structure and process
perseroan telah tercukupi dengan baik dan for company organs and company supporting
berjalan sesuai dengan tuntutan peraturan organs have been well fulfilled and carried out
perundangan yang berlaku (antara lain UU in accordance with the demand of prevailing
No. 40/2007 tentang Perseroan Terbatas rules and regulations (among others are UU
dan UU No. 8/1995 tentang Pasar Modal). No.40/2007 concerning Limited Liability Company
7. Memastikan, mengawasi dan melakukan and UU No.8/1995 concerning Capital Market).
evaluasi pelaksanaan Program Kepatuhan 7. Ensure, monitor and evaluate
dan Etika termasuk Whistleblowing System implementation of Compliance and
(WBS) telah berjalan dengan baik. Ethics Program including Whistleblowing
8. Memastikan, mengawasi dan melakukan evaluasi System have been carried out well.
pelaksanaan apakah sistem pengendalian 8. Ensure, monitor and evaluate implementation
internal yang baik telah berjalan di semua of a reliable internal control system
tingkatan organisasi dan operasi perusahaan. has been carried out in all levels of
9. Memastikan, mengawasi dan melakukan organization and company operation.
evaluasi serta rekomendasi bahwa pernyataan 9. Ensure, monitor and evaluate as well as
Pakta Integritas PT Bakrie & Brothers Tbk dapat provide recommendations on declaration
dilaksanakan secara bertahap sesuai dengan of PT Bakrie & Brothers Tbk Integrity Pact
perkembangan dan kebutuhan perusahaan. can be implemented gradually according
10. Bila diperlukan Komite CG atas persetujuan to Company development and needs.
Dewan Komisaris dapat mengundang 10. If deemed necessary, the CG Committee
pihak independen untuk melakukan with approval from the Board of
penilaian terhadap penerapan CG. Commissioners may invite independent
parties to assess CG implementation.
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11. Melakukan diskusi, evaluasi, verifikasi dan 11. Conduct discussion, evaluation, verification
rekomendasi atas hasil-hasil pelaksanaan and provide recommendations on results
tugas Komite CG dengan pihak terkait dan of CG Committee duties implementation
melaporkan hasilnya kepada Dewan Komisaris. with related parties and deliver the result
12. Bila diperlukan Komite CG dapat berkomunikasi to the Board of Commissioners.
dengan Komite-Komite lainnya terkait dengan 12. If deemed necessary, CG Committee
pelaksanaan penerapan CG secara umum. may communicate with other Committees
13. Melaksanakan tugas lain yang diberikan regarding general implementation of CG.
oleh Dewan Komisaris sepanjang masih 13. Perform other tasks mandated by the Board
dalam lingkup tugas dan kewajiban of Commissioners providing the tasks are
Dewan Komisaris berdasarkan ketentuan still within Board of Commissioners duties
peraturan perundangan yang berlaku. and responsibilities scope according to
prevailing rules and regulations.
Independensi Komite Tata Kelola Perusahaan
Anggota Komite Tata Kelola Perusahaan memiliki Corporate Governance Committee Independency
sikap profesional dan kemandirian (sense of Corporate Governance Committee members
independency), dalam arti bahwa kemandirian dan possess a professional attitude and have a sense
profesionalisme ini tercermin dalam situasi ketika of independence, meaning that independence and
menghadapi berbagai pengaruh atau tekanan yang professionalism are reflected in situations when
berasal dari berbagai kepentingan yang dikhawatirkan dealing with the influences and pressures that
akan mengganggu dalam pelaksanaan tugas. may come from various interests which are feared
would interfere with the implementation of duties.
Susunan Keanggotaan Komite
Tata Kelola Perusahaan Corporate Governance Committee
Berdasarkan Surat Ketetapan Dewan Komisaris No. Membership Composition
06/SK-DEKOM/BNBR/V/2025, per tanggal 2 Mei Based on the Board of Commissioners’ Decree No.
2025 susunan Komite Tata Kelola Perusahaan untuk 06/SK-DEKOM/BNBR/V/2025, as of May 2, 2025,
periode 2023 - 2025 adalah sebagai berikut: the Corporate Governance Committee composition
for the period of 2023 - 2025 is as follows:
1. Ketua : Armansyah Yamin
2. Anggota : Raniwati 1. Chairman : Armansyah Yamin
3. Anggota : Irwan Sjarkawi 2. Member : Raniwati
4. Anggota : Kartini Sally 3. Member : Irwan Sjarkawi
4. Member : Kartini Sally
Kemudian berdasarkan Surat Ketetapan Dewan
Komisaris No. 17/SK-DEKOM/BNBR/X/2025, per
tanggal 13 Oktober 2025 dinyatakan bahwa susunan Furthermore based on the Board of Commissioners’
Komite Tata Kelola Perusahaan sesuai SK No. 06/ Decree No. 17/SK-DEKOM/BNBR/X/2025, as of
SK-DEKOM/BNBR/V/2025 tidak berlaku lagi dan October 13, 2025, the Corporate Governance
susunan Komite Tata Kelola Perusahaan untuk Committee’s composition according to Decree No. 06/
periode 2025 - 2028 adalah sebagai berikut: SK-DEKOM/BNBR/V/2025 was no longer valid and
the Corporate Governance Committee composition
1. Ketua : Armansyah Yamin for the period of 2025 - 2028 is as follows:
2. Anggota : Raniwati 1. Chairman : Armansyah Yamin
3. Anggota : Syailendra S. Bakrie 2. Member : Raniwati
4. Anggota : Adika Aryasthana Bakrie 3. Member : Syailendra S. Bakrie
5. Anggota : Adrian T. P. Panggabean 4. Member : Adika Aryasthana Bakrie
6. Anggota : Kartini Sally 5. Member : Adrian T. P. Panggabean
7. Anggota : Okder Pendrian 6. Member : Kartini Sally
7. Member : Okder Pendrian
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Profil Anggota Komite Tata Kelola Perusahaan Profile of Corporate Governance
1. Armansyah Yamin (lihat profil Dewan Komisaris) Management Committee Member
2. Raniwati (lihat profil Dewan Komisaris) 1. Armansyah Yamin (see profile of
Board of Commissioners)
3. Syailendra S. Bakrie (lihat profil Dewan Komisaris)
2. Raniwati (see profile of Board of Commissioners)
4. Adika Aryasthana Bakrie (lihat
profil Dewan Komisaris) 3. Syailendra S. Bakrie (see profile of
Board of Commissioners)
5. Adrian T. P. Panggabean (lihat
profil Dewan Komisaris) 4. Adika Aryasthana Bakrie (see profile
of Board of Commissioners)
6. Kartini Sally (lihat profil Direksi)
5. Adrian T.P. Panggabean (see profile
7. Okder Pendrian (lihat profil Manajemen Senior)
of Board of Commissioners)
6. Kartini Sally (see profile of Board of Directors)
Program Peningkatan Kompetensi Anggota
7. Okder Pendrian (see profile of
Komite Tata Kelola Perusahaan
Senior Management)
Para anggota Komite Tata Kelola Perusahaan
mendapatkan pendidikan berkelanjutan yang
dikombinasikan dalam self-study dan keikutsertaan Competence Development Program for
pada pendidikan khusus, pelatihan, workshop, Corporate Governance Committee Members
seminar ataupun konferensi yang bermanfaat Corporate Governance Committee Members
dalam meningkatkan efektivitas fungsinya. have continuous education which is combined in
self-study and participation in special education,
Pelaksanaan Kegiatan Komite Tata Kelola Perusahaan training, workshops, seminars and conferences
Komite Tata Kelola Perusahaan melaksanakan that are useful in their function effectiveness.
tugasnya membantu Dewan Komisaris dalam
memastikan prinsip dan kaidah Tata Kelola Corporate Governance Committee
Perusahaan yang Baik dapat terlaksana dengan Duties Implementation
baik dan sesuai dengan tuntutan peraturan The Risk Management Committee assists the Board
perundangan serta sasaran pendirian Perseroan. of Commissioners in ensuring that the principles
of Good Corporate Governance are followed
Dalam melaksanakan tugasnya Komite Tata Kelola and utilized as well as comply with the prevailing
Perusahaan melakukan kegiatan-kegiatan berikut: regulations and meet the Company’s objectives.
1. Berkomunikasi dengan Sekretaris Perusahaan, In performing its duties, the Corporate Governance
Departemen Internal Audit dan Divisi Sumber Committee perform the following activities:
Daya Manusia terkait kepatuhan terhadap
peraturan Pasar Modal dan peraturan 1. Communicate with Corporate Secretary,
terkait lainnya, sistem pengendalian Internal Audit Department and Human
internal sesuai dengan uraian COSO, serta Capital Division concerning compliance to
penerapan program Kepatuhan dan Etika prevailing Capital Market regulations and other
termasuk Whistleblowing System (WBS). related regulations, internal control system in
2. Memantau secara langsung efektivitas accordance with COSO description, as well
pelaksanaan program Tata Kelola ass implementation of Compliance and Ethics
Perusahaan dan berkomunikasi dengan program including Whistleblowing System (WBS).
penanggung jawab pelaksananya. 2. Directly monitor the effectiveness
3. Dengan persetujuan Dewan Komisaris dapat of implementation of the Corporate
memperoleh asistensi dari tenaga ahli eksternal. Governance program and communicate
with the person in charge.
3. With approval from the Board of
Commissioners, the committee may seek
assistance from external experts..
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Rapat dan Kehadiran Anggota Komite Corporate Governance Committee
Tata Kelola Perusahaan Members Meeting and Attendance
Dalam pelaksanaan tugas Komite, selama During 2025, in its duties implementation, the
tahun 2025 Komite Tata Kelola Perusahaan Corporate Governance Committee holds the
telah mengadakan rapat baik rapat Komite committee meetings as well as the meeting
maupun rapat dengan Dewan Komisaris, Direksi with the Board of Commissioners, Directors
maupun organ perusahaan yang lainnya. and other organs of the company.
Rincian kehadiran rapat Komite Tata Kelola The following are detailed of the Corporate Governance
Perusahaan tahun 2025 adalah sebagai berikut: Committee meeting and attendance in 2025:
KOMITE TATA KELOLA PERUSAHAAN
TANGGAL CORPORATE GOVERNANCE COMMITTEE
NO AGENDA
DATE
AY RN SSB AYB AP KS OP
Pembahasan Laporan Kegiatan GRC tahun
24 Maret 2025 2025 dan rencaca kerja tahun 2026
1 1 1 - - - 1 1
March 24, 2025 Discussion of the GRC Activity Report for
2025 and the Work Plan for 2026
Penyampaian Laporan Kegiatan
Kepatuhan di BNBR dan Unit Usaha
28 April 2025 oleh Departemen Compliance
2 1 1 - - - 1 1
April 28, 2025 Presentation of the Compliance Activity
Report at BNBR and its Business Units
by the Compliance Department
Pembahasan usulan penyempurnaan Board
Manual & Corporate Governance Manual
28 Juli 2025
3 Discussion of the proposed 1 1 - - - 1 1
July 28, 2025
amendments to the Board Manual and
Corporate Governance Manual
Penetapan anggota Komite Tata Kelola
Perusahaan yang baru serta pembahasan
7 Oktober 2025 tugas dan tanggung jawab
4 1 1 1 1 1 1 1
October 7, 2025 Appointment of new members of the Corporate
Governance Committee and discussion
of their duties and responsibilities
Penelaahan implementasi GCG tahun
5 Desember 2025 2025 di BNBR dan Unit Usaha
5 1 1 1 1 1 1 1
December 5, 2025 Review of GCG implementation in
2025 at BNBR and Business Units
Total 5 5 2 2 2 5 5
Persentase Kehadiran
100% 100% 100% 100% 100% 100% 100%
Attendance Percentage
Keterangan | Description:
AY : Armansyah Yamin
AP : Adrian T.P. Panggabean - : Belum / sudah tidak menjabat 0 : Tidak hadir 1 : Hadir
RN : Raniwati
KS : Kartini Sally - : Not yet / no longer served 0 : Did not attend 1 : Attended
SSB : Syailendra S. Bakrie
OP : Okder Pendrian
AYB : Adika Aryasthana Bakrie
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FUNGSI ORGAN PENDUKUNG DIREKSI
FUNCTIONS SUPPORTING THE BOARD OF DIRECTORS
SEKRETARIS PERUSAHAAN CORPORATE SECRETARY
Sekretaris Perusahaan adalah organ yang berfungsi Corporate Secretary is a function who acts as liaison
sebagai penghubung (liaison officer) antara officer between Financial Service Authority (OJK),
Perseroan dengan Otoritas Jasa Keuangan (OJK), Indonesia Stock Exchange and other regulators,
Bursa Efek Indonesia, dan regulator lainnya, serta as well as with the public in order to reinforce
dengan masyarakat dalam rangka menegakkan transparency principles in company’s information
prinsip transparansi dalam pengelolaan informasi and communication management. Therefore the
dan komunikasi perseroan. Karena itu Sekretaris Corporate Secretary acts as the organizer of Board
Perusahaan bertindak sebagai penata-usaha of Commissioners and Board of Directors daily
aktivitas sehari-hari dari lembaga Dewan Komisaris activities. Corporate Secretary is responsible to
dan Direksi. Sekretaris Perusahaan bertanggung the Board of Directors through Director & CLO.
jawab kepada Direksi melalui Direktur & CLO.
The appointment of Christofer A. Uktolseja
Penunjukkan Christofer A. Uktolseja sebagai as Corporate Secretary was ratified by the
Sekretaris Perusahaan dikukuhkan dengan Decision Letter of Board of Directors No.003/
Surat Keputusan Direksi No. 003/SK-BOD- SK-BOD-BNBR/VI/15 dated June 5, 2015, and
BNBR/VI/15 tanggal 5 Juni 2015, dan telah has been informed to OJK through letter No.046/
diinformasikan kepada OJK melalui surat No. 046/ BNBR/CS-OJK/VI/15 dated June 8, 2015.
BNBR/CS-OJK/VI/15 tanggal 8 Juni 2015.
Corporate Secretary Duties
Tugas Sekretaris Perusahaan The Corporate Secretary duties cover the following:
Tugas Sekretaris Perusahaan meliputi:
1. A liaison between the Company with
1. Menjadi penghubung antara Perusahaan Financial Services Authority (OJK),
dengan Otoritas Jasa Keuangan (OJK), Shareholders, Self Regulatory Organization
Pemegang Saham, Self Regulatory Organization (SRO), other Institutions, and public.
(SRO), Lembaga lainnya, dan masyarakat. 2. Provide suggestions to the Board of
2. Memberi masukan kepada Direksi mengenai Directors on the compliance towards
pemenuhan kepatuhan terhadap peraturan relevant regulations, and to hold firmly
perundang-undangan terkait, serta berpegang on the Company’s standard of ethics.
teguh terhadap standar etika Perusahaan. 3. Prepare and disseminate accurate and
3. Menyiapkan dan mengkomunikasikan informasi complete information regarding the
yang akurat dan lengkap mengenai kinerja Company’s performance to the Capital
Perusahaan kepada masyarakat Pasar Modal Market community and other stakeholders.
dan pemangku kepentingan lainnya. 4. Assist the Board of Directors in:
4. Membantu Direksi dalam: » Information dissemination to the Board
» Menyiapkan informasi yang dibutuhkan of Directors regarding the requirement
Direksi terkait permintaan dari Dewan of the Board of Commissioners,
Komisaris, OJK, SRO serta Lembaga lainnya. OJK, SRO and other Institutions.
» Memastikan bahwa Perusahaan telah » Ensuring the Company’s fulfillment in its
memenuhi kewajiban pelaporan obligations to reporting and information
dan keterbukaan informasi secara transparency in timely and accurate manners.
tepat waktu dan akurat. 5. Documenting several activities and information
5. Mendokumentasikan berbagai kegiatan on the Company as well as to publish it on time
dan informasi terkait Perusahaan serta in accordance with the Company’s policy.
mempublikasikannya secara tepat waktu 6. Conducting updates on the Capital Market
sesuai kebijakan Perusahaan. industry development, specifically the prevailing
6. Mengikuti perkembangan industri Pasar regulations in the Capital Market, as well as GCG
Modal, khususnya peraturan-peraturan practices so as to provide whenever necessary
yang berlaku di Pasar Modal serta praktik- any information required by the Board of
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praktik GCG sehingga dapat memberikan Commissioners, Directors, and internal parties.
informasi bagi Dewan Komisaris, Direksi serta 7. Maintain and enhance the Company’s positive
internal Perusahaan bilamana dibutuhkan. image, both nationally and internationally.
7. Mempertahankan serta meningkatkan
citra Perusahaan yang positif, baik di
tingkat nasional maupun internasional.
CHRISTOFER
ALEXANDER UKTOLSEJA
SEKRETARIS PERUSAHAAN
CORPORATE SECRETARY
Christofer Alexander Uktolseja, Warga
Negara Indonesia, lahir di Prabumulih
pada tahun 1973 dan memperoleh gelar
Sarjana Hukum dari Universitas Katolik
Parahyangan, Bandung. Beliau menjabat
sebagai Corporate Secretary Perseroan
sejak Juni 2015, serta menjabat sebagai
Head of Corporate Legal sejak tahun 2011.
Beliau bergabung dengan Perseroan
sejak tahun 1999 di Departemen
Corporate Legal sebagai Legal
Advisor. Sebelum bergabung dengan
Perseroan, Beliau pernah bergabung
dengan salah satu perusahaan Oil & Gas
terbesar di Indonesia yaitu Total E&P
Indonesie (dahulu Total Indonesie).
Christofer Alexander Uktolseja, an
Indonesian, was born in Prabumulih in
1973 and earned a Bachelor degree
in Law from Parahyangan Catholic
University, Bandung. He has held the
position of Corporate Secretary since
June 2015 and also holds the position
of Head of Corporate Legal since 2011.
He joined the Company in 1999 in the
Corporate Legal Department as a Legal
Advisor. Prior to joining the Company, he
joined with one of the largest Oil & Gas
company in Indonesia namely Total E&P
Indonesie (previously Total Indonesie).
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Program Peningkatan Kompetensi Competence Development Program
Sekretaris Perusahaan for the Corporate Secretary
Sekretaris Perusahaan mendapatkan pendidikan Corporate Secretary has continuous
berkelanjutan yang dikombinasikan dalam self- education which is combined in self-study and
study dan keikutsertaan pada pendidikan khusus, participation in special education, training,
pelatihan, workshop, seminar ataupun konferensi yang workshops, seminars and conferences that
bermanfaat dalam meningkatkan efektivitas fungsinya. are useful in its function effectiveness.
Selama tahun 2025 Sekretaris Perusahaan menghadiri During 2025 Corporate Secretary has attended
program pengembangan keahlian sebagai berikut: the following development program:
TANGGAL PENYELENGGARA TEMPAT
NO AGENDA
DATE ORGANIZER LOCATION
Pembukaan Perdagangan PT Bursa
2 Januari 2025 Efek Indonesia (BEI) Tahun 2025
1 BEI Online
January 2, 2025 Indonesia Stock Exchange (IDX)
Opening of Trading in 2024
16 Januari 2025 Webinar terkait Perdagangan Karbon Internasional
2 BEI Online
January 16, 2025 Webinar on International Carbon Trading
Sosialisasi POJK Nomor 45 Tahun 2024
tentang Pengembangan dan Penguatan
6 Februari 2025 Emiten dan Perusahaan Publik
3 OJK Online
February 6, 2025 Socialization of OJK Regulation No.45 Year 2024
concerning Development and Reinforcement
of Issuers and Public Companies
Webinar “Peran Perusahaan Publik dalam Keuangan
Berkelanjutan: Memahami Taksonomi untuk
13 Maret 2025 Keuangan Berkelanjutan Indonesia Versi 2”
4 ICSA - OJK Online
March 13, 2025 Webinar “Role of Public Companies in
Sustainable Finance: Understanding Taxonomy
for Indonesia Sustainable Finance Version 2”
Webinar “Siapa Dibalik Korporasi? Mencermati
Transparansi Beneficial Ownership dan
19 Maret 2025 Pengaturannya di Indonesia”
5 AEI Online
March 19, 2025 Webinar “Who’s Behind Corporation?
Examining Transparency of Beneficial
Ownership and Its Regulation in Indonesia”
21 Maret 2025 Sosialisasi eASY.KSEI
6 KSEI Online
March 21, 2025 Socialization of eASY.KSEI
Webinar “Peran Corporate Secretary dalam
Mendorong Governansi, Manajemen Risiko,
17 April 2025 dan Kepatuhan (GRK) yang Baik”
7 ICSA Online
April 17, 2025 Webinar “Role of Corporate Secretary
in Promoting Good Governance, Risk
Management, and Compliance”
Webinar “Pendalaman Peraturan No 1-E
22 April 2025 Tentang: Kewajiban Penyampaian Informasi”
8 ICSA Online
April 22, 2025 Webinar “In-depth Study of Regulation No.1-E
concerning: Information Disclosure Obligation”
24 April 2025 Communication Evaluation: Measuring the
9 ICSA Online
April 24, 2025 Impact of Communications to Stakeholders
25 April 2025 Advancing Corporate Environmental Initiatives
10 ICSA Online
April 25, 2025 through Natural Climate Solutions
29 April 2025 Rapat Umum Anggota ICSA
11 ICSA Online
April 29, 2025 General Meeting of ICSA Members
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TANGGAL PENYELENGGARA TEMPAT
NO AGENDA
DATE ORGANIZER LOCATION
2 Juni 2025 Musyawarah Anggota AEI Tahun 2025 Hotel Indonesia
12 AEI
June 2, 2025 2025 Conference of AEI Members Kempinski
Pendalaman POJK Nomor 14/POJK.04/2019 tentang
Penambahan Modal Perusahaan Terbuka dengan
17 Juni 2025 Memberikan Hak Memesan Efek Terlebih Dahulu
13 ICSA Online
June 17, 2025 In-depth Study of OJK Regulation No.14/
POJK.04/2019 concerning Capital Increase of
Public Companies with Preemptive Rights
8 Juli 2025 Seminar Emiten 2025 The Ritz-Carlton
14 KSEI
July 8, 2025 2025 Issuers Seminar Jakarta
Webinar “Pendalaman POJK Nomor 4
Tahun 2024 tentang Laporan Kepemilikan
atau Setiap Perubahan Kepemilikan Saham
Perusahaan Terbuka dan Laporan Aktivitas
29 Juli 2025 Menjaminkan Saham Perusahan Terbuka”
15 ICSA - OJK Online
July 29, 2025 Webinar “In-depth Study of OJK Regulation
No.4 Year 2024 concerning Reports of
Ownership or Every Change of Ownership
of Public Companies’ Shares and Reports of
Public Companies Shares Pledging Activity”
Webinar “Penerapan dan Pemahaman POJK
Nomor 14 Tahun 2025 tentang Pelaksanaan
Rapat Umum Pemegang Saham, Rapat
Umum Pemegang Obligasi, dan Rapat Umum
Pemegang Sukuk Secara Elektronik”
31 Juli 2025
16 Webinar “Implementation and Understanding AEI Online
July 31, 2025
of OJK Regulation No.14 Year 2025
concerning Implementation of Annual General
Meeting of Shareholders, General Meeting
of Bondholders, and General Meeting of
Sukuk Holders via Electronic Means”
Webinar “Pendalaman POJK Nomor 42
Tahun 2020 tentang Transaksi Afiliasi dan
2 Desember 2025 Transaksi Benturan Kepentingan”
17 ICSA Online
December 2, 2025 Webinar “In-depth Study of OJK Regulation No.42
Year 2020 concerning Affiliated Transactions
and Transaction with Conflicts of Interests”
Webinar “Pendalaman Peraturan Nomor I-A tentang
Pencatatan Saham dan Efek Bersifat Ekuitas Selain
9 Desember 2025 Saham yang Diterbitkan oleh Perusahaan Tercatat”
18 ICSA Online
December 9, 2025 Webinar “In-depth Study of Regulation No.1-A
concerning Listing of Shares and Equity-Type
Securities Issued by Listed Companies”
12 Desember 2025 HUT AEI ke-37 Main Hall, Bursa
19 AEI
December 12, 2025 37th Anniversary of AEI Efek Indonesia (BEI)
15 Desember 2025 Kegiatan Compliance Refreshment
20 BEI Online
December 15, 2025 Compliance Refreshment Activities
Keterangan | Description::
OJK : Otoritas Jasa Keuangan | Financial Services Authority
BEI : Bursa Efek Indonesia | Indonesia Stock Exchange
KSEI : Kustodian Sentral Efek Indonesia | Indonesia Central Securities Depository
AEI : Asosiasi Emiten Indonesia | Indonesian Public Listed Companies Association
ICSA : Indonesia Corporate Secretary Association
285
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 288
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
Pelaksanaan Tugas Sekretaris Corporate Secretary Duties
Perusahaan Tahun 2025 Implementation in 2025
Kegiatan Sekretaris Perusahaan di The Corporate Secretary activities
tahun 2025 adalah antara lain: in 2025 are as follows:
♦ Persiapan dan pelaksanaan RUPS ♦ 2025 Annual and Extraordinary GMS
Tahunan dan Luar Biasa 2025. preparation and implementation.
♦ Penyelenggaraan Public Expose. ♦ Held the Public Expose.
♦ Menjalin komunikasi dengan ♦ Conducted communication with the
regulator dan badan terkait. regulators and relevant institutions.
DAF TAR PENYAM PAIAN I N FORMA SI B N B R KEPADA REGU L ATOR DI TAH U N 2025
BNBR INFORMATION DISSEMINATION TO THE REGULATORS IN 2025
TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Laporan Bulanan Registrasi Pemegang
8 Januari 2025 Efek Periode 31 Desember 2024
1 001/BNBR/CS-BEI/I/25 BEI
January 8, 2025 Monthly Report of BNBR Securities Holder
Registration as of December 31, 2024
Penyampaian Data Hutang/Kewajiban dalam
Valuta Asing Periode 31 Desember 2024
8 Januari 2025
2 002/BNBR/CS-OJK/I/25 OJK Submission of Debt/Liability Data in
January 8, 2025
Foreign Currencies of PT Bakrie & Brothers
Tbk as of December 31, 2024
Keterbukaan Informasi Pemegang Saham Tertentu
3 Februari 2025
3 005/BNBR/CS-OJK/II/25 OJK Information Disclosure Regarding
February 3, 2025
Specified Shareholders
Keterbukaan Informasi Pemegang Saham Tertentu
5 Februari 2025
4 006/BNBR/CS-OJK/II/25 OJK Information Disclosure Regarding
February 5, 2025
Specified Shareholders
Laporan Bulanan Registrasi Pemegang
7 Februari 2025 Efek Periode 31 Januari 2025
5 007/BNBR/CS-BEI/II/25 BEI
February 7, 2025 Monthly Report of BNBR Securities Holder
Registration as of January 31, 2025
Laporan Data Entitas Anak dan Manajemen
Entitas Anak per Desember 2024 PT
7 Februari 2025 Bakrie & Brothers Tbk (“Perseroan”)
6 008/BNBR/CS-BEI/II/25 BEI
February 7, 2025 Report on Subsidiary Data and Subsidiary
Management as of December 2024 PT
Bakrie & Brothers Tbk (“Company”)
Penyampaian Data Hutang/Kewajiban dalam
Valuta Asing Periode 31 Januari 2025
10 Februari 2025
7 009/BNBR/CS-OJK/II/25 OJK Submission of Debt/Liability Data in
February 10, 2025
Foreign Currencies of PT Bakrie &
Brothers Tbk as of January 31, 2025
Keterbukaan Informasi Pemegang Saham Tertentu
5 Maret 2025
8 011/BNBR/CS-OJK/III/25 OJK Information Disclosure Regarding
March 5, 2025
Specified Shareholders
Keterbukaan Informasi Pemegang Saham Tertentu
5 Maret 2025
9 012/BNBR/CS-OJK/III/25 OJK Information Disclosure Regarding
March 5, 2025
Specified Shareholders
Laporan Bulanan Registrasi Pemegang
10 Maret 2025 Efek Periode 28 Februari 2025
10 013/BNBR/CS-BEI/III/25 BEI
March 10, 2025 Monthly Report of BNBR Securities Holder
Registration as of February 28, 2025
286
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 289
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Keterbukaan Informasi Pemegang Saham Tertentu
10 Maret 2025
11 014/BNBR/CS-OJK/III/25 OJK Information Disclosure Regarding
March 10, 2025
Specified Shareholders
Penyampaian Laporan Keuangan Tahunan (LKT)
Konsolidasian PT Bakrie & Brothers Tbk dan Entitas
27 Maret 2025 Anak Periode 31 Desember 2024 (Diaudit)
12 016/BNBR/CS-OJK/III/25 OJK
March 27, 2025 Submission of Consolidated Annual Financial
Report PT Bakrie & Brothers Tbk and Subsidiaries
as of December 31, 2024 (Audited)
Dokumen Lampiran terkait Laporan
Keuangan Tahunan (LKT) Konsolidasian PT
Bakrie & Brothers Tbk dan Entitas Anak
27 Maret 2025
13 017/BNBR/CS-OJK/III/25 OJK Periode 31 Desember 2024 (Diaudit)
March 27, 2025
Supporting Documents related to Consolidated
Annual Financial Report PT Bakrie & Brothers Tbk
and Subsidiaries as of December 31, 2024 (Audited)
Penyampaian Materi Public Expose
27 Maret 2025 Tahunan PT Bakrie & Brothers Tbk
14 018/BNBR/CS-BEI/III/25 BEI
March 27, 2025 Submission of Material of PT Bakrie &
Brothers Tbk Annual Public Expose
Keterbukaan Informasi Pemegang Saham Tertentu
10 April 2025
15 021/BNBR/CS-OJK/IV/25 OJK Information Disclosure Regarding
April 10, 2025
Specified Shareholders
Laporan Bulanan Registrasi Pemegang
10 April 2025 Efek Periode 31 Maret 2025
16 022/BNBR/CS-BEI/IV/25 BEI
April 10, 2025 Monthly Report of BNBR Securities Holder
Registration as of March 31, 2025
Penyampaian Laporan Tahunan Terintegrasi
30 April 2025 PT Bakrie & Brothers Tbk Tahun Buku 2024
17 024/BNBR/CS-OJK/IV/25 OJK
April 30, 2025 Submission of 2024 Integrated Annual
Report of PT Bakrie & Brothers Tbk
Penyampaian Laporan Tahunan Terintegrasi
30 April 2025 PT Bakrie & Brothers Tbk Tahun Buku 2024
18 025/BNBR/CS-BEI/IV/25 BEI
April 30, 2025 Submission of 2024 Integrated Annual
Report of PT Bakrie & Brothers Tbk
Laporan Keuangan Interim Konsolidasian
PT Bakrie & Brothers Tbk dan Entitas Anak
30 April 2025 Periode 31 Maret 2025 (Tidak Diaudit)
19 026/BNBR/CS-BEI/IV/25 BEI
April 30, 2025 Submission of Consolidated Interim Financial
Report PT Bakrie & Brothers Tbk and
Subsidiaries as of March 31, 2025 (Unaudited)
Pemberitahuan Mata Acara Rapat Umum Pemegang
2 Mei 2025 Saham Tahunan (“RUPST”) PT Bakrie & Brothers Tbk
20 028/BNBR/CS-OJK/V/25 OJK
May 2, 2025 Notice of Agenda of the Annual General Meeting of
Shareholders (“AGMS”) of PT Bakrie & Brothers Tbk
Penyampaian Perubahan Komite Audit PT
2 Mei 2025 Bakrie & Brothers Tbk (“Perseroan”)
21 029/BNBR/CS-OJK/V/25 OJK
May 2, 2025 Notice of Changes to the Audit Committee
of PT Bakrie & Brothers Tbk (“Company”)
Keterbukaan Informasi Pemegang Saham Tertentu
7 Mei 2025
22 030/BNBR/CS-OJK/V/25 OJK Information Disclosure Regarding
May 7, 2025
Specified Shareholders
Laporan Bulanan Registrasi Pemegang
7 Mei 2025 Efek Periode 30 April 2025
23 031/BNBR/CS-BEI/V/25 BEI
May 7, 2025 Monthly Report of BNBR Securities Holder
Registration as of April 30, 2025
287
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 290
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Pemberitahuan Penundaan Rencana
9 Mei 2025
24 033/BNBR/CS-OJK/V/25 OJK Pelaksanaan Rapat Umum Pemegang Saham
May 9, 2025
Tahunan PT Bakrie & Brothers Tbk.
Keterbukaan Informasi Pemegang Saham Tertentu
15 Mei 2025
25 036/BNBR/CS-OJK/V/25 OJK Information Disclosure Regarding
May 15, 2025
Specified Shareholders
Pemberitahuan Mata Acara Rapat Umum Pemegang
16 Mei 2025 Saham Tahunan (“RUPST”) PT Bakrie & Brothers Tbk
26 037/BNBR/CS-OJK/V/25 OJK
May 16, 2025 Notice of Agenda of the Annual General Meeting of
Shareholders (“AGMS”) of PT Bakrie & Brothers Tbk
Informasi atas Rencana Penyampaian Laporan
Keuangan Interim Ditelaah Terbatas Konsolidasi
PT Bakrie & Brothers Tbk (“Perseroan”) Tanggal
31 Maret 2025 dan Untuk Periode Tiga Bulan
21 Mei 2025 yang Berakhir pada Tanggal 31 Maret 2025
27 038/BNBR/CS-BEI/V/25 BEI & OJK
May 21, 2025 Notice Regarding the Planned Release of the
Consolidated Limited Review Interim Financial
Statements of PT Bakrie & Brothers Tbk
(“Company”) as of March 31, 2025, and for the
Three-Month Period Ended March 31, 2025
Penyampaian Pengumuman Rapat Umum
Pemegang Saham Tahunan (“RUPST”) PT
23 Mei 2025 Bakrie & Brothers Tbk. (“Perseroan”)
28 039/BNBR/CS-OJK/V/25 OJK
May 23, 2025 Submission of Announcement of the Annual
General Meeting of Shareholders (“AGMS”)
of PT Bakrie & Brothers Tbk (“Company”)
Laporan Keuangan Interim Konsolidasian PT Bakrie
& Brothers Tbk (“Perseroan”) dan Entitas Anak
5 Juni 2025 Periode 31 Maret 2025 (Ditelaah secara Terbatas)
29 041/BNBR/CS-BEI/VI/25 BEI & OJK
June 5, 2025 Submission of Consolidated Interim Financial
Report PT Bakrie & Brothers Tbk and Subsidiaries
as of March 31, 2025 (Limited Review)
Penyampaian Pemanggilan Rapat Umum
Pemegang Saham Tahunan (“RUPST”) PT
7 Juni 2025 Bakrie & Brothers Tbk. (“Perseroan”)
30 042/BNBR/CS-OJK/VI/25 OJK
June 7, 2025 Submission of Invitation of Annual General
Meeting of Shareholders (AGMS) of PT
Bakrie & Brothers Tbk (“Company”)
Laporan Bulanan Registrasi Pemegang
10 Juni 2025 Efek Periode 31 Mei 2025
31 043/BNBR/CS-BEI/VI/25 BEI
June 10, 2025 Monthly Report of BNBR Securities Holder
Registration as of May 31, 2025
Keterbukaan Informasi Pemegang Saham Tertentu
11 Juni 2025
32 044/BNBR/CS-OJK/VI/25 OJK Information Disclosure Regarding
June 11, 2025
Specified Shareholders
Pemberitahuan Mata Acara Rapat Umum Pemegang
13 Juni 2025 Saham Luar Biasa PT Bakrie & Brothers Tbk
33 045/BNBR/CS-OJK/VI/25 OJK & BEI
June 13, 2025 Notice of the Agenda for the Extraordinary General
Meeting of Shareholders of PT Bakrie & Brothers Tbk
Pemberitahuan Penundaan Pelaksanaan
Rapat Umum Pemegang Saham Luar
19 Juni 2025
34 046/BNBR/CS-OJK/VI/25 OJK & BEI Biasa PT Bakrie & Brothers Tbk
June 19, 2025
Notice of Postponement of the Extraordinary General
Meeting of Shareholders of PT Bakrie & Brothers Tbk
Keterbukaan Informasi Pemegang Saham Tertentu
24 Juni 2025
35 048/BNBR/CS-OJK/VI/25 OJK Information Disclosure Regarding
June 24, 2025
Specified Shareholders
288
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 291
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Laporan Hasil Evaluasi Akuntan Publik (“AP”)
dan/atau Kantor Akuntan Publik (“KAP”) 31
Desember 2024 oleh Komite Audit kepada
26 Juni 2025 Dewan Komisaris PT Bakrie & Brothers Tbk
36 049/BNBR/CS-OJK/VI/25 OJK
June 26, 2025 Evaluation Report of Public Accountant (“AP”) and/
or Public Accounting Firm (“KAP”) on December
31, 2024 by the Audit Committee to the Board of
Commissioners of PT Bakrie & Brothers Tbk
30 Juni 2025 Keterbukaan Informasi
37 050/BNBR/CS-OJK/VI/25 OJK
June 30, 2025 Information Disclosure
Penyampaian Ringkasan Risalah Rapat
Umum Pemegang Saham Tahunan PT
2 Juli 2025 Bakrie & Brothers Tbk (“Perseroan”)
38 051/BNBR/CS-OJK/VII/25 OJK
July 2, 2025 Submission of Minutes of Meeting Summary
of PT Bakrie & Brothers Tbk (“Company”)
Annual General Meeting of Shareholders
Laporan Bulanan Registrasi Pemegang
4 Juli 2025 Efek Periode 30 Juni 2025
39 053/BNBR/CS-BEI/VII/25 BEI
July 4, 2025 Monthly Report of BNBR Securities Holder
Registration as of June 30, 2025
Keterbukaan Informasi Pemegang Saham Tertentu
11 Juli 2025
40 056/BNBR/CS-OJK/VII/25 OJK Information Disclosure Regarding
July 11, 2025
Specified Shareholders
Pemberitahuan Mata Acara Rapat Umum Pemegang
14 Juli 2025 Saham Luar Biasa PT Bakrie & Brothers Tbk
41 057/BNBR/CS-OJK/VII/25 OJK & BEI
July 14, 2025 Notice of the Agenda for the Extraordinary General
Meeting of Shareholders of PT Bakrie & Brothers Tbk
Pemberitahuan Penundaan Pelaksanaan
Rapat Umum Pemegang Saham Luar
21 Juli 2025
42 061/BNBR/CS-OJK/VII/25 OJK & BEI Biasa PT Bakrie & Brothers Tbk
July 21, 2025
Notice of Postponement of the Extraordinary General
Meeting of Shareholders of PT Bakrie & Brothers Tbk
Pemberitahuan Mata Acara Rapat Umum Pemegang
24 Juli 2025 Saham Luar Biasa PT Bakrie & Brothers Tbk
43 062/BNBR/CS-OJK/VII/25 OJK & BEI
July 24, 2025 Notice of the Agenda for the Extraordinary General
Meeting of Shareholders of PT Bakrie & Brothers Tbk
Penyampaian Risalah Rapat Umum Pemegang Saham
Tahunan PT Bakrie & Brothers Tbk. (“Perseroan”)
28 Juli 2025
44 063/BNBR/CS-OJK/VII/25 OJK Submission of Minutes of Meeting Summary
July 28, 2025
of PT Bakrie & Brothers Tbk (“Company”)
Annual General Meeting of Shareholders
Penyampaian Laporan Keuangan Tengah
Tahunan PT Bakrie & Brothers Tbk dan Entitas
31 Juli 2025 Anak per 30 Juni 2025 (Tidak Diaudit)
45 065/BNBR/CS-OJK/VII/25 OJK
July 31, 2025 Submission of Consolidated Mid-Year
Financial Report PT Bakrie & Brothers Tbk and
Subsidiaries as of June 30, 2025 (Unaudited)
Dokumen Lampiran terkait Laporan Keuangan Tengah
Tahunan Konsolidasian PT Bakrie & Brothers Tbk
31 Juli 2025 dan Entitas Anak per 30 Juni 2025 (Tidak Diaudit)
46 066/BNBR/CS-OJK/VII/25 OJK
July 31, 2025 Supporting Documents related to Consolidated
Mid-Year Financial Report PT Bakrie & Brothers Tbk
and Subsidiaries as of June 30, 2025 (Unaudited)
Keterbukaan Informasi atas Transaksi Material
31 Juli 2025 PT Bakrie & Brothers Tbk (“Perseroan”)
47 067/BNBR/CS-OJK/VII/25 OJK & BEI
July 31, 2025 Information Disclosure Regarding Material
Transaction of PT Bakrie & Brothers Tbk (“Company”)
289
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 292
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Penyampaian Pengumuman Rapat Umum
Pemegang Saham Luar Biasa (“RUPSLB”)
31 Juli 2025 PT Bakrie & Brothers Tbk (“Perseroan”)
48 068/BNBR/CS-OJK/VII/25 OJK
July 31, 2025 Submission of Announcement of Extraordinary
General Meeting of Shareholders (EGMS) of
PT Bakrie & Brothers Tbk (“Company”)
Laporan Bulanan Registrasi Pemegang
7 Agustus 2025 Efek Periode 31 Juli 2025
49 069/BNBR/CS-BEI/VIII/25 BEI
August 7, 2025 Monthly Report of BNBR Securities Holder
Registration as of July 31, 2025
Perubahan Informasi mengenai Mata
Acara Rapat Umum Pemegang Saham
15 Agustus 2025 Luar Biasa PT Bakrie & Brothers Tbk
50 071/BNBR/CS-OJK/VIII/25 OJK & BEI
August 15, 2025 Amendments on the Agenda for the
Extraordinary General Meeting of
Shareholders of PT Bakrie & Brothers Tbk
Penyampaian Pemanggilan Rapat Umum
Pemegang Saham Luar Biasa (“RUPSLB”)
15 Agustus 2025 PT Bakrie & Brothers Tbk. (“Perseroan”)
51 072/BNBR/CS-OJK/VIII/25 OJK
August 15, 2025 Submission of Invitation of Extraordinary
General Meeting of Shareholders (EGMS) of
PT Bakrie & Brothers Tbk (“Company”)
Penyampaian Dokumen Pendukung
berupa Laporan Keuangan (audited) PT
19 Agustus 2025 Cimanggis Cibitung Tollways (“CCT”)
52 073/BNBR/CS-OJK/VIII/25 OJK
August 19, 2025 Submission of Supporting Documents in
the form of PT Cimanggis Cibitung Tollways
(“CCT”) Financial Report (audited)
Tanggapan Permintaan Penjelasan
19 Agustus 2025 atas Volatilitas Transaksi Efek
53 074/BNBR/CS-BEI/VIII/25 BEI
August 19, 2025 Response to Request for Explanation on
Securities Transaction Volatility
Penyampaian Dokumen Pendukung
berupa Laporan Keuangan (audited) PT
20 Agustus 2025 Cimanggis Cibitung Tollways (“CCT”)
54 076/BNBR/CS-OJK/VIII/25 OJK
August 20, 2025 Submission of Supporting Documents in
the form of PT Cimanggis Cibitung Tollways
(“CCT”) Financial Report (audited)
Perubahan dan/atau Tambahan Informasi
atas Keterbukaan Informasi dalam rangka
29 Agustus 2025 Transaksi Material PT Bakrie & Brothers Tbk
55 077/BNBR/CS-OJK/VIII/25 OJK
August 29, 2025 Amendments and/or Additional Information
regarding Information Disclosure in relation to
Material Transaction of PT Bakrie & Brothers Tbk
1 September 2025 Tanggapan Permintaan Penjelasan
56 078/BNBR/CS-BEI/IX/25 BEI
September 1, 2025 Response to Request for Explanation
Perubahan dan/atau Tambahan Informasi atas
Keterbukaan Informasi Kepada Para Pemegang
Saham dalam rangka Transaksi Material PT
3 September 2025 Bakrie & Brothers Tbk (“Perseroan”)
57 079/BNBR/CS-OJK/IX/25 OJK & BEI
September 3, 2025 Amendments and/or Additional Information
regarding Information Disclosure to Shareholders
in relation to Material Transaction of PT
Bakrie & Brothers Tbk (“Company”)
290
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 293
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Perubahan dan/atau Tambahan Informasi
atas Keterbukaan Informasi dalam rangka
4 September 2025 Transaksi Material PT Bakrie & Brothers Tbk
58 080/BNBR/CS-OJK/IX/25 OJK
September 4, 2025 Amendments and/or Additional Information
regarding Information Disclosure in relation to
Material Transaction of PT Bakrie & Brothers Tbk
Perubahan dan/atau Tambahan Informasi
atas Keterbukaan Informasi dalam rangka
4 September 2025 Transaksi Material PT Bakrie & Brothers Tbk
59 081/BNBR/CS-OJK/IX/25 OJK
September 4, 2025 Amendments and/or Additional Information
regarding Information Disclosure in relation to
Material Transaction of PT Bakrie & Brothers Tbk
Perubahan dan/atau Tambahan Informasi
atas Keterbukaan Informasi dalam rangka
3 September 2025 Transaksi Material PT Bakrie & Brothers Tbk
60 082/BNBR/CS-OJK/IX/25 OJK
September 3, 2025 Amendments and/or Additional Information
regarding Information Disclosure in relation to
Material Transaction of PT Bakrie & Brothers Tbk
8 September 2025 Tanggapan Permintaan Penjelasan
61 083/BNBR/CS-BEI/IX/25 BEI
September 8, 2025 Response to Request for Explanation
Pengumuman Penundaan Rapat Umum Pemegang
Saham Luar Biasa PT Bakrie & Brothers Tbk
5 September 2025
62 084/BNBR/CS-BEI/IX/25 BEI Amendments and/or Additional Information
September 5, 2025
regarding Information Disclosure in relation to
Material Transaction of PT Bakrie & Brothers Tbk
Perubahan dan/atau Tambahan Informasi
atas Keterbukaan Informasi dalam rangka
8 September 2025 Transaksi Material PT Bakrie & Brothers Tbk
63 087/BNBR/CS-OJK/IX/25 OJK
September 8, 2025 Amendments and/or Additional Information
regarding Information Disclosure in relation to
Material Transaction of PT Bakrie & Brothers Tbk
Perubahan dan/atau Tambahan Informasi atas
Keterbukaan Informasi Kepada Para Pemegang
Saham dalam rangka Transaksi Material PT
8 September 2025 Bakrie & Brothers Tbk (“Perseroan”)
64 089/BNBR/CS-OJK/IX/25 OJK & BEI
September 8, 2025 Amendments and/or Additional Information
regarding Information Disclosure to Shareholders
in relation to Material Transaction of PT
Bakrie & Brothers Tbk (“Company”)
Laporan Bulanan Registrasi Pemegang
10 September 2025
Efek Periode 31 Agustus 2025
65 September 090/BNBR/CS-BEI/IX/25 BEI
Monthly Report of BNBR Securities Holder
10, 2025
Registration as of August 31, 2025
Penyampaian Ringkasan Risalah Rapat
Umum Pemegang Saham Luar Biasa PT
12 September 2025 Bakrie & Brothers Tbk. (“Perseroan”)
66 091/BNBR/CS-OJK/IX/25 OJK
September 12, 2025 Submission of Minutes of Meeting Summary
of PT Bakrie & Brothers Tbk (“Company”)
Extraordinary General Meeting of Shareholders
Penyampaian Risalah Rapat Umum Pemegang Saham
Luar Biasa PT Bakrie & Brothers Tbk. (“Perseroan”)
2 Oktober 2025
67 093/BNBR/CS-OJK/X/25 OJK Submission of Minutes of Meeting Summary
October 2, 2025
of PT Bakrie & Brothers Tbk (“Company”)
Extraordinary General Meeting of Shareholders
291
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 294
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Laporan Bulanan Registrasi Pemegang
8 Oktober 2025 Efek Periode 30 September 2025
68 094/BNBR/CS-BEI/X/25 BEI
October 8, 2025 Monthly Report of BNBR Securities Holder
Registration as of September 30, 2025
Keterbukaan Informasi Pemegang Saham Tertentu
10 Oktober 2025
69 095/BNBR/CS-OJK/X/25 OJK Information Disclosure Regarding
October 10, 2025
Specified Shareholders
Keterbukaan Informasi Pemegang Saham Tertentu
10 Oktober 2025
70 096/BNBR/CS-OJK/X/25 OJK Information Disclosure Regarding
October 10, 2025
Specified Shareholders
Penyampaian Perubahan Komite Audit PT
13 Oktober 2025 Bakrie & Brothers Tbk. (“Perseroan”)
71 097/BNBR/CS-OJK/X/25 OJK
October 13, 2025 Notice of Changes to the Audit Committee
of PT Bakrie & Brothers Tbk (“Company”)
Penyampaian Susunan Komite Nominasi &
13 Oktober 2025 Remunerasi PT Bakrie & Brothers Tbk. (“Perseroan”)
72 098/BNBR/CS-OJK/X/25 OJK
October 13, 2025 Notice of the Nomination & Remuneration Committee
Composition of PT Bakrie & Brothers Tbk (“Company”)
Keterbukaan Informasi Pemegang Saham Tertentu
14 Oktober 2025
73 099/BNBR/CS-OJK/X/25 OJK Information Disclosure Regarding
October 14, 2025
Specified Shareholders
Keterbukaan Informasi Pemegang Saham Tertentu
14 Oktober 2025
74 100/BNBR/CS-OJK/X/25 OJK Information Disclosure Regarding
October 14, 2025
Specified Shareholders
Informasi atas Rencana Penyampaian Laporan
Keuangan Interim Konsolidasian PT Bakrie &
Brothers Tbk (“Perseroan”) dan Entitas Anak Periode
31 Oktober 2025 30 September 2025 Penelaahan Terbatas
75 103/BNBR/CS-BEI/X/25 BEI & OJK
October 31, 2025 Notice Regarding the Planned Release of the
Consolidated Limited Review Interim Financial
Statements of PT Bakrie & Brothers Tbk (“Company”)
and Subsidiaries as of September 30, 2025
Laporan Bulanan Registrasi Pemegang
7 November 2025 Efek Periode 31 Oktober 2025
76 105/BNBR/CS-BEI/XI/25 BEI
November 7, 2025 Monthly Report of BNBR Securities Holder
Registration as of October 31, 2025
Laporan Keuangan Interim Konsolidasian PT Bakrie
& Brothers Tbk (“Perseroan”) dan Entitas Anak
Periode 30 September 2025 Penelaahan Terbatas
21 November 2025
77 107/BNBR/CS-BEI/XI/25 BEI & OJK Submission of Consolidated Limited
November 21, 2025
Review Interim Financial Report of PT
Bakrie & Brothers Tbk (“Company”) and
Subsidiaries as of September 30, 2025
Keterbukaan Informasi Kepada Pemegang
Saham Sehubungan Dengan Transaksi Material
28 November 2025
PT Bakrie & Brothers Tbk (“Perseroan”)
78 November 109/BNBR/CS-OJK/XI/25 OJK
Information Disclosure to Shareholders
28, 2025
Regarding Material Transaction of PT
Bakrie & Brothers Tbk (“Company”)
Keterbukaan Informasi Kepada Pemegang
Saham Sehubungan Dengan Transaksi Material
28 November 2025
PT Bakrie & Brothers Tbk (“Perseroan”)
79 November 110/BNBR/CS-OJK/XI/25 OJK
Information Disclosure to Shareholders
28, 2025
Regarding Material Transaction of PT
Bakrie & Brothers Tbk (“Company”)
28 November 2025
Laporan Informasi atau Fakta Material
80 November 111/BNBR/CS-OJK/XI/25 OJK
Material Information or Fact Report
28, 2025
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TANGGAL NOMOR SURAT TUJUAN PERIHAL
NO.
DATE LETTER NUMBER RECIPIENT SUBJECT
Tanggapan Permintaan Penjelasan
3 Desember 2025 atas Volatilitas Transaksi Efek
81 112/BNBR/CS-BEI/XII/25 BEI
December 3, 2025 Response to Request for Explanation on
Securities Transaction Volatility
Laporan Bulanan Registrasi Pemegang
5 Desember 2025 Efek Periode 30 November 2025
82 114/BNBR/CS-BEI/XII/25 BEI
December 5, 2025 Monthly Report of BNBR Securities Holder
Registration as of November 30, 2025
Laporan Penunjukan Akuntan Publik (“AP”) dan/
atau Kantor Akuntan Publik (“KAP”) 31 Desember
2025 oleh Komite Audit kepada Dewan Komisaris
PT Bakrie & Brothers Tbk. (“Perseroan”)
16 Desember 2025
83 119/BNBR/CS-OJK/XII/25 OJK Report on Appointment of Public Accountant
December 16, 2025
(“AP”) and/or Public Accounting Firm
(“KAP”) on December 31, 2025 by the Audit
Committee to the Board of Commissioners
of PT Bakrie & Brothers Tbk (“Company”)
Public Expose Insidentil PT Bakrie &
15 Desember 2025 Brothers Tbk (“Perseroan”)
84 120/BNBR/CS-BEI/XII/25 BEI
December 15, 2025 Incidental Public Expose of PT Bakrie
& Brothers Tbk (“Company”)
Penyampaian Materi Public Expose
16 Desember 2025 Insidentil PT Bakrie & Brothers Tbk
85 121/BNBR/CS-BEI/XII/25 BEI
December 16, 2025 Submission of Material of PT Bakrie &
Brothers Tbk Incidental Public Expose
Tanggapan Permintaan Penjelasan Bursa
18 Desember 2025
86 122/BNBR/CS-BEI/XII/25 BEI Response to Request for Explanation
December 18, 2025
from Stock Exchange
Laporan Hasil Pelaksanaan Public Expose
18 Desember 2025 Insidentil PT Bakrie & Brothers Tbk
87 123/BNBR/CS-BEI/XII/25 BEI
December 18, 2025 Submission of Implementation Result of PT Bakrie
& Brothers Tbk Incidental Public Expose
23 Desember 2025 Tanggapan Permintaan Penjelasan Bursa
88 December 124/BNBR/CS-BEI/XII/25 BEI Response to Request for Explanation
23, 2025 from Stock Exchange
Penyampaian Tanggapan atas Jawaban
Penelaahan Laporan Keuangan Tengah Tahunan
29 Desember 2025
2025 PT Bakrie & Brothers Tbk (“Perseroan”)
89 December 125/BNBR/CS-OJK/XII/25 OJK
Submission of Response on the Answers of the
29, 2025
Review of the 2025 Interim Financial Statements
of PT Bakrie & Brothers Tbk (“Company”)
Keterangan | Description:
OJK : Otoritas Jasa Keuangan | Financial Services Authority
BEI : Bursa Efek Indonesia | Indonesia Stock Exchange
KSEI : Kustodian Sentral Efek Indonesia | Indonesia Central Securities Depository
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HUBUNGAN INVESTOR
INVESTOR RELATIONS
Kegiatan komunikasi informasi Perusahaan juga The Company’s information communication
didukung oleh fungsi Hubungan Investor dengan activity is also supported by the Investor Relations
fokus pada aspek keuangan, investasi dan strategi function with the focus on financial aspects,
bisnis Perusahaan. Investor Relations Officer berperan investments and the Company’s business strategy.
dalam melakukan komunikasi yang efisien dan The Investor Relations Officer holds the roles to
efektif dengan para investor, pemegang saham dan conduct efficient and effective communication with
komunitas pasar modal, serta lembaga terkait sesuai the investors, shareholders and capital market
dengan rencana dan strategi serta kebijakan investasi communities, as well as relevant institutions
Perusahaan. Hubungan investor dapat menyampaikan in accordance with the Company’s plans and
beberapa informasi Perusahaan, antara lain: strategies as well as investment polices. The
Company’s information dissemination presented
1. Kinerja Keuangan by the Investor Relations, among others are:
2. Kinerja Investasi (termasuk portofolio Perusahaan)
1. Financial Performances
3. Pergerakan harga saham
2. Investment Performances (including
4. Kerangka kerja Perusahaan
the Company’s portfolio)
5. Kegiatan strategis Perusahaan lainnya
3. Share prices movements
4. The Company’s frameworks
Hubungan Investor dipimpin oleh seorang Chief
Investment Officer. Perusahaan menunjuk Kartini Sally 5. The Company’s other strategic activity
sebagai Chief Investment Officer mulai Juli 2022.
Chief Investment Officer leads the Investor
Profil Kartini Sally dapat dilihat pada profil Direksi. Relations. The Company appointed Kartini Sally
as the Chief Investment Officer since July 2022.
Profile of Kartini Sally can be seen in the
profile of the Board of Directors.
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KOMITE ETIK DAN KEPATUHAN
ETHICS AND COMPLIANCE COMMITTEE
Komite Etik dan Kepatuhan adalah Komite yang The Ethics and Compliance Committee is a Committee
dibentuk secara ad-hoc oleh dan bertanggung formed on an ad-hoc basis by and responsible to
jawab kepada Direksi. Komite ini bertugas untuk the Board of Directors. This committee is tasked with
memastikan bahwa penerapan sistem pelaporan ensuring that the implementation of the violation
pelanggaran dalam mendukung praktik korporasi reporting system in supporting healthy corporate
yang sehat telah terlaksana sesuai dengan practices has been carried out in accordance with
tuntutan peraturan perundangan yang berlaku. the demands of the applicable laws and regulations.
SUSUNAN KEANGGOTAAN ETHICS AND COMPLIANCE COMMITTEE
KOMITE ETIK DAN KEPATUHAN MEMBERSHIP COMPOSITION
Keanggotaan Komite Etik dan Kepatuhan terdiri dari: The membership of the Ethics and
Compliance Committee consists of:
1. Ketua merangkap anggota: Direktur Utama / CEO
2. Anggota: 1. Chairman concurrently member:
President Director / CEO
a. Wakil Direktur Utama
2. Members:
b. Chief Human Capital & Office Support
(atau Manajemen Senior yang a. Vice President Director
membidangi Human Capital) b. Chief Human Capital & Office
c. Manajemen Senior yang membidangi Support (or Senior Management
manajemen risiko dan kepatuhan in charge of Human Capital)
c. Senior Management in charge of risk
management and compliance
SISTEM PENGENDALIAN INTERNAL
INTERNAL CONTROL SYSTEM
BNBR telah mengimplementasikan fungsi BNBR has implemented the control functions
pengendalian dalam kegiatan operasionalnya demi in its operational activities in order to manifest
mewujudkan implementasi GCG di Perusahaan. the implementation of GCG in the Company. By
Dengan mengacu pada Pedoman Umum Good referring to the General Guidelines of Indonesia
Corporate Governance Indonesia yang dikeluarkan Good Corporate Governance published by KNKG in
oleh KNKG pada tahun 2006, bahwa Perusahaan 2006, the Company continuously strives to develop
terus mengupayakan pengembangan Sistem the Internal Control System by the application of
Pengendalian Internal dengan menggunakan COSO (Committee of Sponsoring Organizations
pendekatan COSO (Committee of Sponsoring of The Treadway Commissions) approach to
Organizations of The Treadway Commissions) untuk secure the Company’s investments and assets.
mengamankan investasi dan aset Perusahaan.
The BNBR’s Internal Control System and quality
Pelaksanaan Sistem Pengendalian Internal (SPI) dan assurance implementation has complied with the
quality assurance BNBR telah mengikuti kerangka internal control framework validated internationally
pengendalian internal yang diakui secara internasional (COSO), including control environment, risk
(COSO) yang mencakup control environment, assessment, control activities, information &
risk assessment, control activities, information communication and monitoring activities.
and communication dan monitoring activities.
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Bagan COSO Cube Operations
Sumber | Source: Reporting
COSO Cube (www.coso.org)
Compliance
Control
Environment
Risk
Assessment
Control
Activities
Information &
Communication
Monitoring
Activities
Function
Operating Unit
Division
Entity Level
TUJUAN PENGENDALIAN INTERNAL INTERNAL CONTROL OBJECTIVES
Penerapan fungsi pengendalian internal pada seluruh The implementation of internal control functions in all
aspek Perusahaan terus dipastikan oleh Direksi aspects of the Company is continuously assured by
sebagai organ eksekutif puncak Perusahaan yang the Board of Directors as the Company’s top executive
bertanggung jawab atas operasional dan pengurusan organs responsible on the Company’s operations and
Perusahaan. Penerapan pengendalian internal management. Through the Audit Committee, the Board
dipantau langsung oleh Dewan Komisaris melalui of Commissioners directly monitors the internal control
Komite Audit. Secara garis besar, penerapan SPI implementation. In general, the Company’s Internal
Perusahaan dilakukan melalui penerapan nilai-nilai Control System is conducted through the application of
Perusahaan, etika, integritas karyawan sebagaimana the Corporate values, ethics, and employees’ integrity,
tercermin dalam dokumen Kode Etik Perusahaan, as reflected in the Company’s Code of Conduct,
Kebijakan Perilaku Bisnis Perusahaan dan Pakta Business Conduct Policy, and Integrity Pacts. The
Integritas. Pengelolaan SPI juga dilakukan melalui Internal Control System management also conducted
struktur organisasi perusahaan dengan kejelasan through the company’s organization structure with
pembagian tugas, tanggung jawab dan kewenangan clarity in division of duties, responsibilities and
Dewan Komisaris dan Direksi yang tercermin dalam authorities of the Board of Commissioners and
panduan Dewan Komisaris dan Direksi (Board Manual). Directors that reflected in the Board Manual.
Tujuan Pengendalian Internal Perusahaan: The objectives of the Company’s Internal Control:
♦ Keandalan pelaporan keuangan. ♦ Financial reporting reliability.
♦ Efektivitas dan efisiensi operasional. ♦ Operational effectiveness and efficiency.
♦ Kepatuhan terhadap undang-undang ♦ Compliance on prevailing laws and regulations.
dan peraturan yang berlaku
Internal Control System is also responsible to
SPI juga bertanggung jawab untuk pengelolaan manage comprehensive risk management, from
risiko yang menyeluruh, mulai dari perumusan policy formulations, procurements and utilization of
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kebijakan, penyediaan dan penggunaan sumber resources and infrastructures, adequacy of policies
daya dan sarana, kelengkapan kebijakan dan and procedures as well as its implementation
prosedur serta praktik penerapannya agar practices, so as to achieve efficient and effective
dapat terlaksana secara efisien dan efektif application in accordance with the international
sesuai dengan tuntutan standar internasional standards and prevailing regulations, including the
dan peraturan perundangan yang berlaku, serta effective information and communication systems.
sistem informasi dan komunikasi yang efektif.
GUIDELINES OF INTERNAL
PEDOMAN PENERAPAN SISTEM CONTROL SYSTEM AND RISK
PENGENDALIAN INTERNAL MANAGEMENT IMPLEMENTATION
DAN MANAJEMEN RISIKO
Based on the Corporate Governance Guidelines
Berdasarkan Pedoman Tata Kelola Perusahaan of PT Bakrie & Brothers Tbk, the Board of
PT Bakrie & Brothers Tbk, Dewan Komisaris dan Commissioners and Directors are responsible
Direksi bertanggung jawab atas penerapan Sistem for the implementation of Internal Control
Pengendalian Internal dan manajemen risiko di BNBR. System and risk management in BNBR.
Pedoman penerapan Sistem Pengendalian The guidelines of BNBR’s Internal Control System and
Internal dan manajemen risiko BNBR adalah: risk management implementation are as follows:
1. Pelaksanaan secara konsisten oleh Direksi 1. Consistent implementation by the Board
dan pengawasan aktif oleh Dewan Komisaris of Directors and active supervision
2. Kecukupan kebijakan, prosedur dan by the Board of Commissioners
penetapan ruang lingkup penerapannya 2. Adequacy in policies, procedures and
3. Kecukupan proses identifikasi, stipulations of implementation scopes
pengukuran/penilaian, mitigasi, 3. Adequacy in risk identification
pemantauan dan pengendalian risiko process, measurements/assessments,
4. Sistem pengendalian internal yang komprehensif mitigations, monitoring and control
5. Sistem informasi pengendalian internal 4. Comprehensive internal control system
dan manajemen risiko yang memadai. 5. Adequate internal control information
system and risk management.
.
PRINSIP-PRINSIP INTERNAL CONTROL PRINCIPLES
PENGENDALIAN INTERNAL
1. Control Environment
1. Lingkungan Pengendalian The control environment consists of actions,
Lingkungan pengendalian terdiri dari tindakan, policies and procedures that reflect the
kebijakan dan prosedur yang mencerminkan standpoint of all Company’s Organs towards
sikap seluruh Organ Perusahaan terhadap control and its importance to the company.
pengendalian dan pentingnya pengendalian Several factors that influenced the control
tersebut bagi perusahaan. Beberapa faktor yang environment among others are: integrity and
berpengaruh di dalam lingkungan pengendalian ethics values, commitment towards competency,
antara lain: integritas dan nilai etika, komitmen the Board of Commissioners, Directors, Audit
terhadap kompetensi, Dewan Komisaris, Committee, management stances, operational
Direksi, Komite Audit, gaya manajemen, gaya approaches, organization structure, delegation
operasional, struktur organisasi, pemberian of authorities and responsibilities as well as
wewenang dan tanggung jawab serta praktik practices and policies in Human Resource (“HR”).
dan kebijakan Sumber Daya Manusia (“SDM”).
2. Risk Assessment
2. Penilaian Risiko Risk assessment covers risk identifications,
Penilaian risiko meliputi identifikasi, analisis analysis, and management that can
risiko, dan pengelolaan risiko yang dapat minimize the risk impacts and presence.
meminimalkan dampak dan terjadinya suatu risiko.
3. Control Activities
3. Aktivitas Pengendalian Control activities are the policy and
Aktivitas pengendalian adalah kebijakan dan procedures to ensure the implementation
prosedur yang membantu memastikan bahwa of management directives.
arahan manajemen telah dilaksanakan.
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4. Informasi & Komunikasi 4. Information & Communication
Sistem informasi dan komunikasi memungkinkan Information and communication system
pihak internal Perusahaan untuk mendapatkan enables the Company’s internal parties
berbagai informasi yang diperlukan untuk to obtain information that is required in
mengelola, melaksanakan, dan mengendalikan managing, implementing, and controlling
kegiatan operasional Perusahaan. the Company’s operational activities.
5. Aktivitas Pemantauan 5. Monitoring Activities
Aktivitas pemantauan adalah proses yang Monitoring activities are the process that
menentukan kualitas kinerja pengendalian determines the internal control performance
internal sepanjang waktu. Pemantauan mencakup quality at all times. The monitoring covers
penentuan desain dan penerapan pengendalian the determination of internal control design
internal secara tepat waktu dan pengambilan and implementation in a timely manner and
tindakan koreksi jika diperlukan. Proses ini any necessary corrections. The process
dilaksanakan melalui kegiatan pemantauan yang is implemented through periodically and
berlangsung secara periodik dan terus menerus, continuously monitoring activity, as well as
serta dilakukannya evaluasi secara terpisah, atau separate evaluations, or of both combinations.
dengan berbagai kombinasi dari keduanya.
MONITORING AND CONTROL
KEGIATAN PENGAWASAN DAN ACTIVITY IN 2025
PENGENDALIAN TAHUN 2025
BNBR’s Internal Control System has conducted the
Selama tahun 2025, SPI BNBR telah following monitoring and control activity in 2025:
melakukan kegiatan pengawasan dan
pengendalian sebagai berikut: 1. Conducted periodical and continuous evaluations
and updates on the organization structure
1. Melakukan evaluasi dan pemutakhiran including principal duties, functions and
secara periodik dan terus menerus terhadap authorities of the Board of Commissioners and
struktur organisasi beserta tugas pokok, Directors, as stipulated in the Board Manual.
fungsi dan wewenang Dewan Komisaris dan 2. Assisted the Objective Settings of the Board of
Direksi yang tertuang pada Panduan Dewan Commissioners, Directors, and Employees for the
Komisaris dan Direksi (Board Manual). next 1 (one) year, Annual Performance Appraisal
2. Membantu program perumusan rencana of the Board of Commissioners, Directors and
Dewan Komisaris, Direksi, dan Karyawan untuk Employees, and rewarding programs on the
1 (satu) tahun kedepan (Objective Setting), employees performances and tenures.
Penilaian Kinerja Tahunan Dewan Komisaris, 3. The Company has designed the Objective
Direksi dan Karyawan (Performance Appraisal) Settings of the Board of Commissioners,
dan program pemberian penghargaan Directors, and Employees for the next 1
terhadap kinerja dan masa kerja karyawan. (one) year, Annual Performance Appraisal of
3. Perusahaan telah merancang program perumusan the Board of Commissioners, Directors and
rencana Dewan Komisaris, Direksi, dan Karyawan Employees, and rewarding programs on the
untuk 1 (satu) tahun kedepan (Objective Setting), employee’s performances and tenures.
Penilaian Kinerja Dewan Komisaris, Direksi 4. Facilitated the risk owners to identify, assess,
dan Karyawan (Performance Appraisal) yang analyze, and manage the risk and then
dilakukan setiap tahun dan program pemberian present it in the risk assessment report for a
penghargaan terhadap kinerja karyawan serta project or transaction (RAR). The reports are
penghargaan terhadap masa kerja karyawan. submitted to the Risk Management Committee,
4. Memfasilitasi para pemilik risiko (risk owners) the Board of Directors and risk owner.
untuk mengidentifikasi, menilai, menganalisis, 5. Refined the Company’s documents
dan mengelola risiko lalu menuangkannya on Policies and Procedures.
ke dalam laporan penilaian risiko untuk suatu
6. Handled and managed the Whistleblowing
proyek atau transaksi (RAR), serta melakukan
system by the Evaluations Team of
penyempurnaan dokumen-dokumen Kebijakan
Whistleblowing System Cases.
dan Prosedur Perusahaan. Laporan-laporan
tersebut disampaikan kepada Komite Manajemen
Risiko, Direksi dan pemilik risiko (risk owner).
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5. Melakukan penyempurnaan dokumen-dokumen 7. Conducted evaluation, reviews and monitoring of
Kebijakan dan Prosedur Perusahaan. the audit findings by the Company’s Internal Audit,
6. Penanganan dan pengelolaan terhadap one of it was conducted by the Audit Committee.
pelaporan pelanggaran (Whistleblowing) oleh 8. Conducted evaluation, reviews and
Tim Evaluasi Kasus Pelaporan Pelanggaran. monitoring of the effectiveness of Internal
7. Mengevaluasi, menelaah dan memantau Control System application by the Audit
temuan audit Audit Internal Perusahaan, Committee and External Auditor.
salah satunya oleh Komite Audit. 9. Conducted Operational Audit in several business
8. Mengevaluasi, menelaah dan memantau units (PT Bakrie Autoparts, PT Bakrie Pipe
efektivitas penerapan SPI oleh Komite Industries, PT Bina Usaha Mandiri Mizusawa,
Audit dan Auditor Eksternal. PT Braja Mukti Cakra, PT Cimanggis Cibitung
9. Melakukan Audit Operasional di beberapa unit Tollways, PT Multi Kontrol Nusantara, PT South
usaha (PT Bakrie Autoparts, PT Bakrie Pipe East Asia Pipe Industries, PT VKTR Sakti
Industries, PT Bina Usaha Mandiri Mizusawa, Industries, PT VKTR Teknologi Mobilitas Tbk)
PT Braja Mukti Cakra, PT Cimanggis Cibitung through the Internal Audit Unit of BNBR.
Tollways, PT Multi Kontrol Nusantara, PT
South East Asia Pipe Industries, PT VKTR
BUSINESS CONTROL IN
Sakti Industries, PT VKTR Teknologi Mobilitas
INTERNAL CONTROL SYSTEM
Tbk) melalui Unit Audit Internal BNBR.
As part of reinforcement of the internal control
system, BNBR established the Business Control
PENGENDALIAN BISNIS DALAM Division to ensure effective monitoring of the
SISTEM PENGENDALIAN INTERNAL development of financial, operational and business
Sebagai bagian dari penguatan sistem pengendalian performance of business units under BNBR.
internal, BNBR membentuk Divisi Pengendalian
The Business Control Division plays a role in:
Bisnis untuk memastikan efektivitas pemantauan
terhadap perkembangan kinerja keuangan,
1. Performance Monitoring and Evaluation
operasional, dan bisnis unit usaha di bawah BNBR.
» Overseeing the achievement of financial and
Divisi Pengendalian Bisnis berperan dalam: operational targets of each business unit.
» Identifying potential business risks that
1. Monitoring dan Evaluasi Kinerja may affect performance achievement.
» Mengawasi pencapaian target keuangan 2. Analysis and Reporting
dan operasional setiap unit usaha. » Provide regular reports to the Board of
» Mengidentifikasi potensi risiko bisnis yang Directors and Board of Commissioners
dapat mempengaruhi pencapaian kinerja. on the financial condition, operations,
2. Analisis dan Pelaporan and strategic aspects of business units.
» Menyediakan laporan berkala kepada » Analyze trends and provide data-
Direksi dan Dewan Komisaris mengenai based improvement recommendations
kondisi keuangan, operasional, serta to support decision making.
aspek strategis unit usaha. 3. Compliance and Risk Control
» Menganalisis tren dan memberikan » Ensure each business unit complies
rekomendasi perbaikan berbasis data untuk with applicable internal policies
mendukung pengambilan keputusan. and external regulations.
3. Kepatuhan dan Pengendalian Risiko » Coordinate with Risk Management and
» Memastikan setiap unit usaha Internal Audit department in identifying
mematuhi kebijakan internal dan and mitigating business risks that could
regulasi eksternal yang berlaku. potentially hamper business growth.
» Berkoordinasi dengan departemen
Risk Management dan Audit Internal
dalam mengidentifikasi serta
memitigasi risiko bisnis yang berpotensi
menghambat pertumbuhan usaha.
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Peran Divisi Pengendalian Bisnis ini melengkapi The role of the Business Control Division
fungsi Sistem Pengendalian Internal dengan complements the function of the Internal Control
memastikan bahwa mekanisme pemantauan dan System by ensuring that the monitoring and control
pengendalian atas unit-unit usaha BNBR berjalan mechanism over BNBR’s business units runs
optimal, serta mendukung pencapaian tujuan optimally, and supports the achievement of the
strategis perusahaan secara berkelanjutan. company’s strategic goals in a sustainable manner.
AUDIT INTERNAL
INTERNAL AUDIT
Audit Internal adalah suatu aktivitas assurance The Internal Audit is the assurance and consultation
dan konsultasi yang independen dan obyektif activities that independently and objectively
yang didesain untuk memberi nilai tambah dan gives added value and improves the operations
memperbaiki operasi organisasi. Aktivitas ini of an organization. This activity supports the
membantu organisasi untuk meraih tujuannya organization in reaching its objectives through
dengan membawa pendekatan yang tertib discipline and systematic approaches to
dan sistematis untuk mengevaluasi dan evaluate and enhance the effectiveness of risk
meningkatkan efektivitas dari proses manajemen management process, control and governance.
risiko, pengendalian dan tata kelola.
The Internal Audit activity of PT Bakrie & Brothers
Aktivitas Audit Internal PT Bakrie & Brothers Tbk Tbk was intended to deliver added value and
ditujukan untuk memberi nilai tambah dan improve the organization’s operations. The means
memperbaiki operasi organisasi. Sifat dan lingkup and scopes of internal audit are assurance and
audit internal adalah assurance dan konsultasi dalam consultation in the area of risk management
area proses manajemen risiko, pengendalian dan process, control and organization’s governance. The
tata kelola organisasi. Komitmen Perseroan untuk Company’s commitment to implement good corporate
menerapkan tata kelola perusahaan dengan standar governance and standard is strongly seen since
yang baik semakin terlihat sejak saat pertama the inception of Corporate Internal Audit (“CIA”).
kali Corporate Internal Audit (“CIA”) didirikan.
POSITION OF THE INTERNAL AUDIT
KEDUDUKAN UNIT AUDIT INTERNAL UNIT IN COMPANY STRUCTURE
DALAM STRUKTUR PERUSAHAAN
Position of The Internal Audit is formally stated in The
Kedudukan Unit Audit Internal secara formal Internal Audit Charter which defines the purpose,
dinyatakan dalam Piagam Internal Audit yang authority, and responsibility of the Internal Audit
menjabarkan secara formal tujuan, wewenang activities that are consistent with the Standards
dan tanggung jawab dari kegiatan Internal Audit for the Professional Practice of Internal Auditing.
sehingga konsisten dengan yang ditetapkan
oleh Standar Profesional Internal Audit The Internal Audit Charter was mutually agreed
by the President Director & CEO and President
Piagam Internal Audit disepakati bersama Commissioner / Independent Commissioner.
oleh Direktur Utama serta Komisaris
Utama/Komisaris Independen.
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: Garis Komando
Command Line DIREKTUR UTAMA/CEO
PRESIDENT DIRECTOR/CEO
PT BAKRIE & BROTHERS Tbk
: Garis Koordinasi
Coordination Line
KOMITE AUDIT
AUDIT COMMITTEE
WAKIL DIREKTUR UTAMA/ Co-CEO
PT BAKRIE & BROTHERS Tbk
VICE PRESIDENT DIRECTOR/ Co-CEO
PT BAKRIE & BROTHERS Tbk
AUDIT INTERNAL
INTERNAL AUDIT
PT BAKRIE & BROTHERS Tbk
CEO CEO CEO
PT BAKRIE METAL PT BAKRIE INDO PT VKTR TEKNOLOGI
INDUSTRIES INFRASTRUCTURE MOBILITAS Tbk
KUALIFIKASI AUDIT INTERNAL QUALIFICATION OF INTERNAL AUDIT
Untuk menjadi Internal Auditor di BNBR sekurang- The following are minimum requirements
kurangnya harus memenuhi syarat sebagai berikut: of an Internal Auditor at BNBR:
1. Memiliki integritas yang tinggi dan perilaku 1. Possess high integrity and professional,
yang profesional, independen, jujur, disiplin independent, trustworthy, discipline and
dan objektif dalam melaksanakan tugasnya. objective behavior in performing its duties.
2. Memiliki pengetahuan dan pengalaman 2. Possess knowledge and experience
mengenai teknis audit dan disiplin ilmu lain on audit technique and other subjects
yang relevan dengan bidang tugasnya. relevant with its scope of work.
3. Memiliki pengetahuan tentang peraturan 3. Possess knowledge about the capital market
perundang-undangan di bidang pasar modal dan and other related rules and regulations.
peraturan perundang-undangan terkait lainnya. 4. Have the ability to interact and effectively
4. Memiliki kecakapan untuk berinteraksi communicate in both verbal and written manner.
dan berkomunikasi baik lisan 5. Must adhere to professional standards as
maupun tertulis secara efektif. issued by the Internal Audit Association.
5. Wajib mematuhi standar profesi yang 6. Must obey Internal Audit ethics.
dikeluarkan oleh Asosiasi Audit Internal.
7. Must protect confidentiality of corporate
6. Wajib mematuhi kode etik Audit Internal. information and/or data in relation
7. Wajib menjaga kerahasiaan informasi dan/atau with its implementation of duties and
data perusahaan terkait dengan pelaksanaan responsibilities as Internal Audit unless
tugas dan tanggung jawab Audit Internal kecuali obligated by law or court order.
diwajibkan berdasarkan peraturan perundang- 8. Understand principles of good corporate
undangan atau penetapan/putusan pengadilan. governance and risk management.
8. Memahami prinsip-prinsip tata kelola 9. Willing to continuously improve his/her
perusahaan yang baik dan manajemen risiko. profession knowledge, skills and abilities.
9. Bersedia meningkatkan pengetahuan,
keahlian dan kemampuan profesionalismenya
secara terus menerus.
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PROGRAM PENINGKATAN KOMPETENSI COMPETENCE DEVELOPMENT PROGRAM
UNIT AUDIT INTERNAL FOR THE INTERNAL AUDIT UNIT
Unit Audit Internal mendapatkan pendidikan Internal Audit Unit has continuous education
berkelanjutan yang dikombinasikan dalam self- which is combined in self-study and
study dan keikutsertaan pada pendidikan khusus, participation in special education, training,
pelatihan, workshop, seminar ataupun konferensi yang workshops, seminars and conferences that
bermanfaat dalam meningkatkan efektivitas fungsinya. are useful in its function effectiveness.
Selama tahun 2025 Unit Audit Internal menghadiri During 2025 Internal Audit Unit has attended
program pengembangan keahlian sebagai berikut: the following development program:
TANGGAL PENYELENGGARA TEMPAT
NO AGENDA
DATE ORGANIZER LOCATION
9 Januari 2025 Bakrie Learning Harris Hotel,
1 Legal Workshop 2025
January 9, 2025 Center (BLC) Sentul
24 Januari 2025 Professional Auditor Forum:
2 IIA Indonesia Online
January 24, 2025 Risk in Focus 2025
3 Februari 2025 Internal Audit Course: IIA Office,
3 IIA Indonesia
February 3, 2025 Tools for New Auditors Jakarta
Analyzing & Improving Business Process: Cityloog
24 Februari 2025
4 SIPOC Diagrams & RASCI Matrix, Process IIA Indonesia Hotel, Tebet
February 24, 2025
Mapping, Customer Mapping – Jakarta
25 Februari 2025 Professional Auditor Forum: PLN Head
5 IIA Indonesia
February 25, 2025 Internal Auditing in Power Energy Industry Office, Jakarta
13 Mei 2025 Professional Auditor Forum:
6 IIA Indonesia Jakarta
May 13, 2025 GRC Career Hack
IIAP Certification Training:
Pengelolaan Kualitas, Pengelolaan dan
Pelaporan Kinerja Audit Internal
28 Mei 2025
7 IIA Indonesia Online
May 28, 2025
IIAP Certification Training:
Quality Management, Performance Management
and Reporting of Internal Audits
Enterprise Risk Management:
17 Juni 2025 IIA Office,
8 Risk Responses, Information, Communication IIA Indonesia
June 17, 2025 Jakarta
& Reporting, Governance and Culture
Critical Thinking: A Vital Auditing Competency
19 Juni 2025
9 Critical Thinking While Interviewing and IIA Indonesia Online
June 19, 2025
Risk Assesments & Critical Thinking
Pelatihan Grafonomi:
Verifikasi Keaslian Tanda Tangan dan Tulisan Tangan
dalam Dokumen Melalui Analisis Sistematis
30 Juli 2025 Bakrie Tower,
10 BUMI Resources
July 30, 2025 Graphology Training: Jakarta
Verifying the Authenticity of Signatures
and Handwriting in Documents
Through Systematic Analysis
BNBR Workshop:
Kerja Dengan Integritas: Penguatan
Nilai & Etos Kerja Profesional
21 Agustus 2025 Bakrie Learning Bakrie Tower,
11
August 21, 2025 Center (BLC) Jakarta
BNBR Workshop:
Working with Integrity: Strengthening
Professional Values and Work Ethic
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TANGGAL PENYELENGGARA TEMPAT
NO AGENDA
DATE ORGANIZER LOCATION
Advanced Risk Based Auditing:
22 Agustus 2025 Information Technology Risk, Assessing The
12 IIA Indonesia Jakarta
August 22, 2025 Risk Management Process, and Developing
the Risk-based InternalAudit Plan
IIA Indonesia National Conference 2025:
27 Agustus 2025
13 Audit For Tomorrow: Strategic IIA Indonesia Medan
August 27, 2025
Future-Ready Sustainable
Agile Auditing:
16 Oktober 2025 IIA Office,
14 Deciding to Go Agile, Implementing Agile Auditing IIA Indonesia
October 16, 2025 Jakarta
Using Scrum, and Practice: Mock Agile Audit
10 November 2025 Risk Based Audit Bakrie Tower,
15 IA KUB
November 10, 2025 Risk Based Audit Plan & RBIA Jakarta
1 Desember 2025 Professional Auditor Forum (PAF)
16 IIA Indonesia Online
December 1, 2025 Auditing Culture & Ethics
Keterangan | Description:
IIA Indonesia : Institute of Internal Audit Indonesia
BLC : Bakrie Learning Center
IA KUB : Internal Audit Kelompok Usaha Bakrie | Internal Audit of Bakrie Group
PELAKSANAAN KEGIATAN DUTIES IMPLEMENTATION
UNIT AUDIT INTERNAL OF INTERNAL AUDIT UNIT
CIA telah menjadi satu fungsi yang penting untuk CIA has become a significant function to assist
membantu Direktur Utama melakukan pengawasan the President Director in the supervision of
keuangan dan operasional, baik di perseroan financial and operational, both in the Company
maupun pada anak–anak perusahaan dalam rangka and subsidiary in order to achieve the company’s
pencapaian tujuan dan kelangsungan usaha dengan: objectives and going concern, through:
1. Membahas dan menilai kebaikan dan 1. Reviewing and assessing the appropriateness
ketepatan pelaksanaan pengendalian and accuracy of accounting control, finance
akuntansi, keuangan serta operasi. and operations implementation.
2. Memeriksa apakah pelaksanaan sesuai dengan 2. Analyzing the implementation that
kebijakan, rencana dan prosedur yang ditetapkan. shall be in accordance with the set
3. Memeriksa apakah kekayaan perusahaan / policies, plans and procedures.
organisasi dipertanggungjawabkan dengan 3. Analyzing whether the company/
baik dan dijaga dengan aman terhadap organization treasuries are appropriately
segala kemungkinan risiko kerugian. accountable and securely conducted
4. Meyakinkan tingkat kepercayaan towards every possibility of risk losses.
akuntansi dan cara lainnya yang 4. Ensuring the accounting trust levels and other
dikembangkan dalam organisasi. manners that are developed in the organization.
5. Menilai kualitas pelaksanaan tugas dan 5. Assessing the quality of duties
tanggung jawab yang telah dibebankan. implementation and responsibilities.
Ruang Lingkup kerja Internal Audit mencakup The Internal Audit scopes of work
pelaksanaan tugas-tugas berikut: covers the following duties:
1. Menyusun dan melaksanakan 1. Develop and implement annual
rencana audit internal tahunan. internal audit plans.
2. Menguji dan mengevaluasi pelaksanaan 2. Analyze and evaluate the internal control
pengendalian internal dari sistem manajemen implementation from the risk management system
risiko sesuai dengan kebijakan perusahaan in accordance with the company’s policy.
3. Melakukan pemeriksaan dan penilaian 3. Investigate and assess the efficiency
atas efisiensi dan efektivitas di bidang and effectiveness of finance, accounting,
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keuangan, akuntansi, operasional, sumber operational, human resources, marketing,
daya manusia, pemasaran, teknologi information technology and other activities.
informasi dan kegiatan lainnya. 4. Provide advice on objectives improvement
4. Memberikan saran perbaikan dan informasi and information on the audited activities
yang obyektif tentang kegiatan yang in all levels of management.
diperiksa pada semua tingkat manajemen. 5. Prepare the audit results report and present
5. Membuat laporan hasil audit dan menyampaikan it to the President Director & CEO as
laporan tersebut kepada Direktur Utama well as the Board of Commissioners.
& CEO dan Dewan Komisaris. 6. Monitors, analysis, and report the
6. Memantau, menganalisis dan melaporkan recommendations in follow up implementation.
pelaksanaan tindak lanjut perbaikan 7. Cooperate with the Audit Committee.
yang telah direkomendasikan.
8. Develop the program to evaluate the
7. Bekerja sama dengan Komite Audit. quality of internal audit activity.
8. Menyusun program untuk mengevaluasi mutu 9. Conduct specific investigations
kegiatan audit internal yang dilakukannya. whenever necessary.
9. Melakukan pemeriksaan khusus
apabila diperlukan.
INTERNAL AUDIT DUTIES
IMPLEMENTATION REPORT IN 2025
LAPORAN PELAKSANAAN TUGAS
The preparation of the 2025 Audit Plan is carried
AUDIT INTERNAL TAHUN 2025 out by Internal Audit using the Risk Based Internal
Penyusunan Rencana Audit Tahun 2025 dilakukan Audit approach, which means that in prioritizing
oleh Audit Internal dengan menggunakan pendekatan the auditee to be audited, Internal Audit considers
Audit Internal berbasis risiko (Risk Based Internal several risk factors, including the following:
Audit) yang artinya di dalam memprioritaskan auditee
yang akan di audit, Audit Internal mempertimbangkan 1. Revenue size auditee
beberapa faktor risiko, diantaranya sebagai berikut: 2. Operating expense size auditee
3. Sales achievement compared to auditee’s budget
1. Ukuran pendapatan (revenue size) auditee
4. Operating expenses realization
2. Ukuran beban usaha (operating
compared to auditee’s budget
expense size) auditee
5. Significant level of auditor’s
3. Pencapaian penjualan terhadap anggaran auditee
finding in the previous year
4. Realisasi beban usaha dibandingkan
6. The last time auditee was audited
dengan anggaran auditee
5. Significant level temuan auditor
The Annual General Audit Plan is then approved
pada tahun sebelumnya
by the President Director and Vice President
6. Kali terakhir auditee di audit Director. The Annual General Audit Plan can be
adjusted according to changes in business risk
dynamics in the organization in the current year.
Rencana Audit Umum Tahunan tersebut kemudian
disetujui oleh Direktur Utama dan Wakil Direktur In 2025, Internal Audit has conducted Audit and
Utama untuk kemudian dilaporkan kepada Ketua published the Audit Result Report (LHA) as follows:
Komite Audit. Rencana Audit Umum Tahunan tersebut
bisa disesuaikan sesuai perubahan dinamika risiko
usaha pada organisasi pada tahun berjalan.
Selama tahun 2025, Audit Internal telah
melakukan Audit dan menerbitkan Laporan
Hasil Audit (LHA) sebagai berikut:
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ENTITAS YANG DIAUDIT JENIS PENUGASAN AKTIVITAS PEKERJAAN
NO
AUDITED ENTITY TYPE OF ASSIGNMENT WORK ACTIVITY
Q1 Audit 2025
Penilaian kewajaran harga pasar aset tetap Perusahaan
1 PT Bakrie Construction Assurance Assessment of the fairness of market
prices of Company fixed assets
Penilaian kewajaran harga pasar aset tetap Perusahaan
2 PT Bangun Bantala Indonesia Assurance Assessment of the fairness of market
prices of Company fixed assets
Penilaian kewajaran harga pasar aset tetap Perusahaan
3 PT Bakrie Construction Assurance Assessment of the fairness of market
prices of Company fixed assets
Sosialisasi GCG, Etika Bisnis, dan Pelaporan Gratifikasi
PT Bakrie Metal Industries dan
4 Consulting Socialization of GCG, Business Ethics,
Unit Usaha | and Business Units
and Gratification Reporting
Audit operasional proyek pembangunan
PT VKTR Teknologi pabrik Magelang
5 Assurance
Mobilitas Tbk Operational audit of the Magelang
plant construction project
Penilaian kewajaran harga pasar aset tetap Perusahaan
6 PT Bakrie Power Assurance Assessment of the fairness of market
prices of Company fixed assets
Q2 Audit 2025
Audit operasional gabungan
Joint operational audit
7 PT Cimanggis Cibitung Tollways Assurance
(Internal Audit PT Sarana Multi Infrastruktur (Persero),
PT Waskita Toll Road, PT Bakrie & Brothers Tbk)
Penilaian kewajaran harga pasar aset tetap Perusahaan
8 PT Multi Kontrol Nusantara Assurance Assessment of the fairness of market
prices of Company fixed assets
PT South East Asia Audit operasional komprehensif seluruh fungsi
9 Assurance
Pipe Industries Comprehensive operational audit across all functions
Sosialisasi GCG, Etika Bisnis, dan Pelaporan Gratifikasi
PT Bakrie Autoparts dan Unit
10 Consulting Socialization of GCG, Business Ethics,
Usaha | and Business Units
and Gratification Reporting
Audit operasional operating expenses
11 PT Bakrie Pipe Industries Assurance
Operational audit of operating expenses
Audit operasional gabungan operating expenses
Joint operational audit of operating expenses
12 PT VKTR Sakti Industries Assurance
(Internal Audit PT Bakrie & Brothers Tbk,
PT VKTR Teknologi Mobilitas Tbk)
Q3 Audit 2025
Audit operasional gabungan fungsi
Manajemen Penjualan
PT VKTR Teknologi
13 Assurance Joint operational audit of Sales Management function
Mobilitas Tbk
(Internal Audit PT Bakrie & Brothers Tbk,
PT VKTR Teknologi Mobilitas Tbk)
PT VKTR Teknologi Audit operasional fungsi Business Development
14 Assurance
Mobilitas Tbk Operational audit of Business Development function
Penilaian kewajaran harga pasar aset tetap Perusahaan
15 PT Bakrie Construction Assurance Assessment of the fairness of market
prices of Company fixed assets
Penilaian kewajaran harga pasar aset tetap Perusahaan
16 PT Bakrie Metal Industries Assurance Assessment of the fairness of market
prices of Company fixed assets
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ENTITAS YANG DIAUDIT JENIS PENUGASAN AKTIVITAS PEKERJAAN
NO
AUDITED ENTITY TYPE OF ASSIGNMENT WORK ACTIVITY
PT Bakrie Autoparts dan Unit Audit operasional fungsi Pabrikasi Produksi
17 Assurance
Usaha | and Business Units Operational audit of Fabrication Production function
Q4 Audit 2025
Audit operasional komprehensif seluruh fungsi
18 PT Multi Kontrol Nusantara Assurance
Comprehensive operational audit across all functions
Audit operasional gabungan operating expenses
PT VKTR Teknologi Joint operational audit of operating expenses
19 Assurance
Mobilitas Tbk (Internal Audit PT Bakrie & Brothers Tbk,
PT VKTR Teknologi Mobilitas Tbk)
Audit operasional fungsi Pabrikasi Produksi
20 PT Braja Mukti Cakra Assurance
Operational audit of Fabrication Production function
PT Bina Usaha Mandiri Audit operasional fungsi Pabrikasi Produksi
21 Assurance
Misuzawa Operational audit of Fabrication Production function
Penilaian kewajaran harga pasar aset tetap Perusahaan
22 PT Bakrie Metal Industries Assurance Assessment of the fairness of market
prices of Company fixed assets
Audit Operasional yang dilakukan menitikberatkan The Operational Audit was conducted
kepada penilaian atas 3E (Efisiensi, Efektivitas with concentration on assessment of 3E
dan Ekonomis) di seluruh fungsi, penilaian atas (Efficiency, Effectiveness and Economic) in
efektivitas penerapan pengendalian internal, dan every function, assessment of internal control
penilaian atas kepatuhan terhadap peraturan implementation effectiveness, and assessment
perundang-undangan / SOP yang ada. of compliance to prevailing rules and regulations
/ Standard Operating Procedures (SOP).
PROSEDUR DAN DASAR
HUKUM PENGANGKATAN PROCEDURE AND LEGAL
KETUA AUDIT INTERNAL BASIS FOR APPOINTMENT OF
INTERNAL AUDIT HEAD
Divisi Internal Audit PT Bakrie & Brothers Tbk dipimpin
oleh seorang Kepala Unit Audit Internal yang diangkat PT Bakrie & Brothers Tbk’s Internal Audit Division
dan diberhentikan oleh Direktur Utama & CEO atas is led by the Head of Internal Audit appointed and
persetujuan Dewan Komisaris serta bertanggung terminated by the President Director & CEO following
jawab kepada Direktur Utama & CEO. Dasar hukum the approval of the Board of Commissioners, and
pengangkatan kepala unit audit internal berdasarkan is responsible to the President Director & CEO.
surat keputusan Direktur Utama Perseroan Nomor The legal basis for the appointment of the head
003/SK/BOD-BGU/VII/2017 tanggal 10 Juli 2017. of the internal audit unit is based on the Decree
of the President Director of the Company Number
003/SK/BOD-BGU/VII/2017 dated July 10, 2017.
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TONI TRIYULIANTO
KETUA AUDIT INTERNAL
HEAD OF INTERNAL AUDIT
Warga Negara Indonesia, lahir di Jakarta pada
tahun 1975 dan meraih gelar Diploma III & IV
jurusan Akuntansi dari Sekolah Tinggi Akuntansi
Negara (STAN) serta memperoleh gelar Master
of Public Policy konsentrasi Finance & Budgeting
dari Michigan State University, USA.
Beliau bergabung dengan Unit Audit Internal
PT Bakrie & Brothers Tbk sejak Juli tahun
2017. Sebelum bergabung dengan Unit Audit
Internal, beliau memulai karir sebagai Auditor
Senior pada Badan Pengawasan Keuangan
dan Pembangunan (BPKP) selama 17 tahun dan
sebagai Manajer Akuntansi dan Perpajakan pada
PT Bakrie Building Industries selama tiga tahun.
Beliau memiliki sertifikasi Indonesia Internal Audit
Practitioner (IIAP), Chartered Accountant (CA), dan
Certified Practising Accountant (CPA – Aust).
An Indonesian, was born in Jakarta in 1975 and
earned a Diploma III & IV in Accounting from State
College of Accountancy (STAN) and a Master
of Public Policy degree majoring in Finance &
Budgeting from Michigan State University, USA.
He joined the Internal Audit Unit of PT Bakrie &
Brothers Tbk in July 2017. Prior to this position, he
began his career as the Senior Auditor in Indonesia’s
National Government Internal Auditor (BPKP) for
17 years and as Accounting and Tax Manager
in PT Bakrie Building Industries for three years.
He has certifications of Indonesia Internal Audit
Practitioner (IIAP), Chartered Accountant (CA), and
a Certified Practising Accountant (CPA – Aust).
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AUDITOR EKSTERNAL
EXTERNAL AUDITORS
Sebagai perusahaan publik, BNBR diwajibkan untuk As a public company, BNBR is obliged to publish the
memiliki laporan keuangan yang telah diaudit oleh financial statements audited by the External Auditors.
Auditor Eksternal. Auditor eksternal merupakan pihak External Auditors is the third party responsible to
ketiga yang bertugas memeriksa dan memastikan audit and ensure the presentation of BNBR Financial
bahwa Laporan Keuangan BNBR telah disajikan Statements to be in accordance with the prevailing
sesuai dengan standar akuntansi yang berlaku. accounting standards. The audit by the External
Pemeriksaan oleh Auditor Eksternal dilaksanakan Auditors is implemented in accordance with prevailing
sesuai dengan standar audit yang berlaku audit standards with the end results in a means of
dengan hasil akhir berupa opini auditor terhadap auditor opinions on BNBR Financial Statements.
Laporan Keuangan BNBR. Apabila terdapat suatu In the event of corporate actions, BNBR also can
tindakan korporasi, BNBR juga dapat menerbitkan publish the financial statements on certain periods.
laporan keuangan pada periode tertentu.
Based on the 2025 Annual GMS resolutions, the
Berdasarkan keputusan RUPS Tahunan 2025, Board of Commissioners has the authority to
Dewan Komisaris mempunyai kewenangan untuk appoint the Public Accounting Firm (KAP) as long
menunjuk Kantor Akuntan Publik (KAP) sepanjang as it meets the specified criteria and determination
memenuhi kriteria yang telah ditentukan beserta of the honorarium. The Board of Commissioners
penentuan honorariumnya. Dewan Komisaris assigned the Audit Committee to assess proposal
menugaskan Komite Audit untuk mengkaji usulan from the Board of Directors concerning appointment
dari Direksi atas pemilihan KAP Y. Santosa & of KAP Y. Santosa & Rekan as the auditor of
Rekan sebagai penyelenggara audit Laporan the Company Financial Statements fiscal year
Keuangan Perusahaan tahun buku 31 Desember December 31, 2025. The proposal to appoint KAP
2025. Usulan penunjukan KAP Y. Santosa & Rekan Y. Santosa & Rekan has been approved by the
ini telah disetujui oleh Dewan Komisaris setelah Board of Commissioners after taking into account
memperhatikan rekomendasi dari Komite Audit. the recommendation of the Audit Committee.
Tahun 2025 merupakan tahun kesepuluh Kantor 2025 is the tenth year of the Public Accounting Firm
Akuntan Publik Y. Santosa & Rekan melakukan audit (KAP) Y. Santosa & Rekan in conducting the audit of
Laporan Keuangan Perusahaan. Selama tahun the Company’s Financial Statements. During 2025,
2025 Kantor Akuntan Publik Y. Santosa & Rekan the Public Accounting Firm (KAP) Y. Santosa & Rekan
tidak memberikan jasa lain kepada Perusahaan does not provide other services to the Company apart
selain jasa audit, sehingga tidak terjadi benturan from the audit services, thus there were no conflicts
kepentingan dalam pelaksanaan proses audit. of interest in the audit process implementation.
PERIODE PEN UGA SAN DAN B IAYA AU DIT EKSTERNAL
ASSIGNMENT PERIOD AND FEE OF EXTERNAL AUDITORS
KETERANGAN
DESCRIPTION
2025 2024 2023 2022 2021
NAMA KAP
Y. Santosa & Rekan Y. Santosa & Rekan Y. Santosa & Rekan Y. Santosa & Rekan Y. Santosa & Rekan
KAP NAME
BIAYA AUDIT
Rp 2.925.000.000 Rp 2.904.500.000 Rp 3.170.000.000 Rp 3.072.500.000 Rp 3.212.500.000
AUDIT FEE
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MANAJEMEN RISIKO
RISK MANAGEMENT
LANDASAN MANAJEMEN SOLID FOUNDATION OF
RISIKO YANG KOKOH RISK MANAGEMENT
Dalam Laporan Risiko Global 2023 yang diterbitkan n the Global Risks Report 2023 published by the
oleh World Economics Forum, ditegaskan bahwa World Economics Forum, it is emphasized that the
dunia saat ini menghadapi serangkaian risiko yang world is currently facing a unique series of risks.
unik. Terdapat risiko-risiko lama seperti inflasi, krisis There are “older” risks such as inflation, cost of living
biaya hidup, perang dagang, arus keluar modal crisis, trade wars, capital outflows from emerging
dari negara-negara berkembang, permasalahan markets, broad social problems, and geopolitical
sosial yang luas, dan konfrontasi geopolitik. Risiko- confrontation. These risks are combined with new
risiko ini dikombinasikan dengan perkembangan developments in the global risk landscape, such as
baru dalam lanskap risiko global, seperti tingkat unsustainable levels of debt, a new era of growth
utang yang tidak berkelanjutan, era pertumbuhan and low global investment, as well as continuing
baru dan rendahnya investasi global, serta tekanan growing pressure over the impacts of climate
yang terus meningkat terhadap dampak perubahan change. The combination of the two creates an
iklim. Kombinasi keduanya menciptakan lingkungan environment full of uncertainty and turbulence.
yang penuh ketidakpastian dan turbulensi.
PT Bakrie & Brothers Tbk, as one of the leading
PT Bakrie & Brothers Tbk sebagai salah satu companies in Indonesia that has been around for
perusahaan terkemuka di Indonesia yang telah more than eight decades, has certainly faced and
berdiri selama lebih dari delapan dekade tentunya managed various kinds of uncertainty. Therefore,
menghadapi dan mengelola berbagai macam risk management is a strategic need and plays an
ketidakpastian. Oleh karena itu, manajemen risiko important role for PT Bakrie & Brothers Tbk in facing
merupakan kebutuhan strategis dan berperan these various uncertainties. Risk management is
penting bagi PT Bakrie & Brothers Tbk dalam needed to optimize the Company’s limited resources
menghadapi berbagai ketidakpastian tersebut. to achieve specified targets and to fulfill the
Manajemen risiko diperlukan untuk mengoptimalkan Company’s vision and mission. Allocation of resources
penggunaan sumber daya terbatas yang dimiliki is decided based on risk priorities, with the utmost
Perusahaan untuk pencapaian target-target yang attention paid to the most critical risk. Furthermore,
telah ditetapkan serta tercapainya visi dan misi management of existing risks is periodically
Perusahaan. Pengalokasian sumber daya didasarkan reviewed along with improving its reliability.
pada prioritas risiko, dimana perhatian tertinggi
diarahkan pada risiko bersakala tinggi. Demikian Risks can be mitigated by lowering the probability of
pula, manajemen risiko yang ada terus dievaluasi risk occurrence and/or reducing effects caused by
secara berkala dan terus ditingkatkan keandalannya. such risk. Risk Management at BNBR is expected
to be able to anticipate rapid changes, to improve
Risiko dapat dikurangi dengan menurunkan peluang corporate governance, and to secure Company’s
terjadinya risiko dan/atau mengurangi dampak yang resources and assets. These reasons form the base
timbul dari risiko tersebut. Pengelolaan Manajemen of BNBR’s commitment to continuously implement
Risiko di BNBR diharapkan dapat mengantisipasi solid risk management for the fulfillment of Company’s
perubahan lingkungan yang terjadi begitu cepat, goals, including risks related to environment and
mengembangkan tata kelola perusahaan (corporate social impacts, as well as climate related risks. In
governance), dan mengamankan sumber daya dan doing so, the Company can align its goals to the
aset yang dimiliki Perseroan. Latar belakang inilah Sustainable Development Goals 2030. [SEOJK E.3]
yang melandasi BNBR untuk berkomitmen secara utuh
dan menyeluruh untuk terus mengimplementasikan
manajemen risiko yang kokoh demi pencapaian
tujuan-tujuan Perseroan, termasuk risiko terkait
lingkungan, sosial, dan perubahan iklim sehingga
tujuan Perseroan dapat selaras dengan Tujuan
Pembangunan Berkelanjutan (TPB). [SEOJK E.3]
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Implementasi manajemen risiko di PT Bakrie & The creation of a Risk Management team in 2003
Brothers Tbk secara formal dimulai sejak tahun marked the beginning of formal implementation
2003, dengan dibentuknya Tim Manajemen Risiko, of risk management at PT Bakrie & Brothers Tbk,
yang pada saat itu bertugas untuk mengawal wherein at that time the Risk Management team
keberhasilan cetak biru (blue-print) revitalisasi was responsible to supervise the implementation
bisnis Perseroan setelah tuntasnya restrukturisasi of Company’s business revitalization blue-
hutang pada periode sebelumnya. Tim Manajemen print post debt restructuring program. This Risk
Risiko inilah yang juga meletakkan dasar-dasar Management team also implemented basic risk
implementasi manajemen risiko di lingkungan management principles across the Company
Perseroan sesuai dengan standar Internasional. in accordance with international standards.
IMPLEMENTASI ERM ERM IMPLEMENTATION
Penerapan roadmap sebagai bagian dari upaya Implementation roadmap as part of its ongoing efforts,
berkelanjutan, telah membuat Perseroan secara the Company has systematically laid the foundation
sistematis meletakkan pondasi penerapan for risk management to become the basis for good
manajemen risiko sebagai dasar infrastruktur tata corporate governance infrastructure. The formal
kelola perusahaan yang baik. Implementasi implementation of risk management began with the
penerapan manajemen risiko secara formal diawali formation of a Risk Management Team which was
dengan pembentukan Tim Manajemen Risiko yang determined through the Decree of the Directors of PT
ditetapkan melalui Surat Keputusan Direksi PT Bakrie & Brothers Tbk No.BGU-109/Presdir-BB/III/03,
Bakrie & Brothers Tbk Nomor: BGU-109/Presdir-BB/ dated 11 March 2003, which was later amended. based
III/03, tanggal 11 Maret 2003 yang kemudian diubah on Decree No.BGU-739/Presdir-BB/XII/05, dated
dengan Surat Keputusan Nomor: BGU-739/Presdir- December 6, 2005, with the task of coordinating all
BB/XII/05, tanggal 6 Desember 2005, dengan tugas business development plans and strategic decision
mengkoordinasikan seluruh rencana pengembangan making to ensure optimal results, mitigate business
usaha dan pengambilan keputusan strategis agar risks, and guarantee cost efficiency, while acting
tercapai hasil optimal, memitigasi risiko usaha, as a monitoring function of accomplishments and
dan menjamin efisiensi biaya, serta sebagai fungsi milestones as well. This team’s duties were then
monitoring dan pencapaian usaha. Penerapan ini reaffirmed through Policy & Procedure No. 004/
kemudian dilanjutkan dengan Kebijakan & Prosedur BNBR/II/2010 dated February 20, 2010 concerning
Nomor: 004/BNBR/II/2010 tanggal 20 Februari 2010 Implementation of Company Risk Management and
tentang Implementasi Enterprise Risk Management No. 005/CRM/BNBR/VI/2010 dated June 24, 2021
dan Nomor: 005/CRM/BNBR/VI/2010 tanggal 24 Juni concerning Transaction-Based Risk Evaluation, as well
2021 tentang Risiko Berbasis Transaksi serta beberapa as several other policies and procedures related to
kebijakan dan prosedur lainnya yang terkait dengan evaluating market risk, credit risk and liquidity risk.
penilaian risiko pasar, risiko kredit, dan risiko likuiditas.
In 2023, the speech from BNBR Vice President
Pada tahun 2023, sambutan dari Wakil Direktur Director/Co-CEO at the risk awareness kick-
Utama/Co-CEO BNBR dalam Kick-Off Meeting off meeting held on 6 June 2023, describes the
Risk Awareness yang diadakan pada tanggal direction and support from top management for the
6 Juni 2023, menjelaskan arahan dan dukungan implementation of enterprise risk management. As
dari manajemen tingkat atas (top management) a follow-up to the kick off meeting, in June-October
terhadap penerapan manajemen risiko perusahaan. 2023, the BNBR CRM Division conducted a risk
Sebagai tindak lanjut dari Kick-Off Meeting tersebut, awareness campaign roadshows to all business units
pada bulan Juni–Oktober 2023, Divisi CRM BNBR and continued with the coaching stage in preparing
melakukan roadshow risk awareness kepada risk registers for more than 150 departments in
seluruh unit usaha dan dilanjutkan dengan tahap BNBR and all business units. Furthermore, the
coaching penyusunan risk register untuk lebih dari Risk Profile of BNBR and BNBR Business Units
150 departemen di BNBR dan seluruh unit usaha. has been prepared using the Risk Control Self-
Selanjutnya, telah disusun Profil Risiko BNBR dan Assessment (RCSA) approach through collaboration
unit Usaha BNBR dengan pendekatan Risk Control with all BNBR departments and Business Units,
Self-Assessment (RCSA) melalui kolaborasi dengan as well as full support from BNBR Management.
seluruh departemen dan Unit Usaha BNBR, serta
dukungan penuh dari Manajemen BNBR.
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Tahun 2025, dilakukan pembaruan atas Profil Risiko In 2025, the BNBR Business Unit Risk Profile was
Unit Usaha BNBR untuk memastikan penilaian updated to ensure that risk assessment and mitigation
dan mitigasi risiko tetap relevan dengan dinamika remain relevant to business dynamics, regulatory
bisnis, perubahan regulasi, dan perkembangan changes, and technological developments. With this
teknologi. Dengan pemutakhiran ini, menegaskan update, it emphasizes the commitment of BNBR in
komitmen dari BNBR dalam memperkuat strengthening risk management that is proactive,
manajemen risiko yang proaktif, adaptif, dan adaptive, and supports strategic decision making
mendukung pengambilan keputusan strategis demi for competitiveness and sustainable growth.
daya saing dan pertumbuhan berkelanjutan.
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ROADMAP IMPLEMENTASI ERM
PT BAKRIE & BROTHERS TBK
ERM IMPLEMENTATION ROADMAP
PT BAKRIE & BROTHERS TBK
2003
2007
2008
• Pembentukan Tim Manajemen
Risiko inter-Departemen.
• Fungsi peran: Proyek/analisis
2010
risiko berbasis transaksi.
• Penilaian risiko pada usulan
investasi/ pendanaan/ekspansi
2011
(merujuk pada cetak biru
Perseroan). • Pengembangan pendekatan dan
• Pengumpulan pengetahuan akan strategi baru untuk implementasi
ERM di perusahaan investasi.
2013
ERM (literatur dan studi banding).
• Pengembangan dan finalisasi • Penyediaan piranti lunak
manual ERM. @Risk.
• ERM pilot project – BPI. • Fungsi peran: ERM, analisis risiko
investasi/proyek dan kepatuhan. • Penguatan manajemen risiko
• Fungsi peran: ERM, audit, analisis dalam pengambilan keputusan.
risiko. • Secara konsisten menghasilkan
laporan mingguan – Market & • Pembentukan Risk Control Self
• Pengadaan piranti lunak Industry Outlook, laporan bulanan Assessment (RCSA).
KnowRisk. – Market Risk Assessment. • Peningkatan kapasitas.
• Mengadaptasi SOP untuk struktur • Mengelola pelaksanaan
organisasi dan strategi baru manajemen risiko dalam setiap
• Formation of interdepartmental Perusahaan.
Risk Management Team. pengambilan keputusan dengan
memproduksi RARS (Risk
• Role function: Project/analysis Assessment & Recommendation
of transaction based risks. Risk • Development of new approach Sheet).
assessment of investment/ and strategy to implement ERM in
financing/expansion proposal investment company.
(with reference to Company blue
print). • Provision of @Risk software. • Risk management reinforcement in
• Role function: ERM, analysis decision making.
• ERM knowledge collection
(literature and comparative of investment/project and • Formation of Risk & Control Self
study). compliance risk. Assessment (RCSA).
• Development and finalization of • Consistently produced weekly • Capacity improvement
ERM manual. report – Market & Industry • Managed risk management
Outlook, monthly report – Market implementation in every decision
• ERM pilot project BPI. Risk Assessment. making process through
• Role function: ERM, audit, risk • Adapted SOP for Company production of RARS (Risk
analysis. new organization structure and Assessment & Recommendation
• Provision of Know Risk software. strategy. Sheet).
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2014 2023
2022 2027
• Secara konsisten memproduksi • Memastikan proses manajemen
laporan Market & Industry Outlook, risiko yang holistik dalam setiap
Financial Risk, dan Risk Outlook. pengambilan keputusan di setiap
• Membangun pendekatan RCSA proses bisnis Perusahaan.
baru hingga ke Unit Usaha, dalam • Mewujudkan manajemen risiko
bentuk identifikasi dan mitigasi secara kuantitatif pada setiap
risiko berdasarkan risk register. tahapan proses bisnis Perusahaan
• Mengadaptasi SOP untuk struktur hingga ke Unit Usaha.
organisasi dan strategi baru • Melakukan review profil
Perusahaan. manajemen risiko sampai ke Unit
• Mensosialisasikan pendekatan Usaha Perusahaan.
GRC Series (Sistem Pengendalian • Memantau KRIs (Key Risk
Internal, GCG, Manajemen Risiko, Indicators) Perusahaan dan Unit
dan Kode Etik) hingga ke Anak Usaha secara berkala sebagai
Perusahaan. bagian dari early warning systems.
• Consistently produced Market & • Ensuring holistic risk management
Industry Outlook, Financial Risk, process in every decision making
Risk Outlook. at every stage of Company’s
• Developed new RCSA approach business process.
up to Subsidiaries, in the form of • Realizing quantitative risk
risk identification and mitigation management at every stage of
based on risk register. Company’s business process up to
• Adapted SOP for Company Subsidiaries.
new organization structure and • Reviewing risk management profile
strategy. up to Subsidiaries.
• Socialized GRC Series (Internal • Monitoring key risk indicators of
Control System, GCG, Risk the company and subsidiaries
Management and Code of Ethics) periodically as part of the early
approach up to Subsidiaries. warning systems.
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METODOLOGI RCSA RCSA METHODOLOGY
Penilaian risiko adalah proses mengidentifikasi, Risk assessment is the process of identifying,
mengevaluasi, dan menentukan risiko-risiko evaluating, and prioritizing key risks related to
utama yang terkait dengan pencapaian tujuan the achievement of PT BNBR and its business
strategis BNBR dan unit usahanya. Setiap units’ strategic objectives. Each business
unit usaha harus menyesuaikan metodologi unit should customize its risk assessment
penilaian risikonya untuk lingkup bisnis tertentu, methodology for its own particular business scope,
kompleksitas operasi, dan kematangan manajemen operating complexity, and risk management
risiko. Namun, terdapat proses dan praktik maturity. However, there are common industry
industri yang umum untuk penilaian risiko. processes and practices for risk assessment.
Fase Pertama: Penetapan Pondasi First Phase: Foundation Setting
Fase penetapan pondasi merupakan elemen The foundation-setting phase provides the
pendukung penting untuk penilaian risiko. Ketiadaan essential support elements for risk assessment.
elemen-elemen ini dapat menghambat efisiensi The absence of any of these elements may
dan efektivitas proses penilaian risiko. Hal ini hinder the efficiency and effectiveness of the risk
termasuk dukungan penilaian risiko dari manajemen assessment process. This should include senior-level
level senior guna memastikan partisipasi dan sponsorship for risk assessment to ensure business
keterusterangan unit bisnis. Elemen lainnya termasuk unit participation and candor. Other elements
pengorganisasian dan perencanaan, penetapan include organizing and planning, establishing
taksonomi risiko, pengembangan alat penilaian a risk taxonomy, developing risk assessment
risiko, serta penyediaan pendidikan dan pelatihan. tools, and providing education and training.
Fase Kedua: Identifikasi Risiko, Second Phase: Risk Identification,
Penilaian, dan Penentuan Prioritas Assessment, and Prioritization
Setelah pondasi dasar telah ditetapkan, maka Once the foundational groundwork has been laid,
proses penilaian risiko siap untuk dilaksanakan. the project team is ready to execute. The key
Hasil utama dalam fase ini mencakup penilaian deliverables in this phase include top-down risk
risiko dari atas ke bawah (top-down), yaitu dari para assessments from senior executives, bottom-up risk
eksekutif senior, penilaian risiko dari bawah ke atas assessments from business and operating units,
(bottom-up) dari unit bisnis dan operasi, laporan risk assessment reports and heat maps, and the
penilaian risiko dan heat map, serta penentuan prioritization of enterprise-level risks. This includes
prioritas risiko di tingkat perusahaan. Hal ini termasuk establishing the context in terms of business
menetapkan konteks dalam hal tujuan bisnis serta objectives and regulatory and policy requirements.
persyaratan peraturan dan kebijakan. Selama fase During this phase, the RCSA team conducts risk
ini, tim RCSA melakukan wawancara penilaian assessment interviews and/or workshops in order to
risiko dan/atau lokakarya untuk mengidentifikasi, identify, evaluate, and prioritize key risks. It enables
mengevaluasi, dan memprioritaskan risiko-risiko many business units to identify their top risks.
utama. Hal ini memungkinkan banyak unit bisnis
untuk mengidentifikasi risiko utama yang dimiliki. Third Phase: Deep Dives, Risk
Quantification, and Management
Fase Ketiga: Kajian Mendalam, The top-10 risks identified in the previous phase
Kuantifikasi Risiko, dan Pengelolaan represent the most critical risks facing the company.
Top-10 risks (10 risiko teratas) yang telah diidentifikasi This list focuses management time and attention
pada fase sebelumnya mewakili risiko paling kritis on the appropriate risks. Each of these key risks
yang dihadapi perusahaan. Atas risiko-risiko utama warrants further assessment, quantification, and
ini memfokuskan waktu dan perhatian manajemen management strategies. In this phase, the company
pada risiko yang tepat. Masing-masing risiko performs in-depth analyses (i.e., deep dives) of the
utama ini memerlukan penilaian, kuantifikasi, dan top risks identified at the enterprise-wide level. The
strategi pengelolaan lebih lanjut. Pada fase ini, business units then establish key risk indicators
perusahaan melakukan kajian mendalam (deep (KRIs) and risk tolerance levels for each of these top
dive) terhadap risiko-risiko utama yang diidentifikasi risks. In addition, the business units develop and
pada tingkat perusahaan secara keseluruhan. implement specific risk management strategies,
Unit bisnis kemudian menetapkan indikator including accountabilities and action plans.
risiko utama (key risk indicators/KRIs) dan tingkat
toleransi risiko untuk masing-masing risiko utama
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tersebut. Selain itu, unit bisnis mengembangkan Fourth Phase: Integration of RCSA
dan menerapkan strategi manajemen risiko tertentu, into Business and ERM Process
termasuk akuntabilitas dan rencana tindakan. Risk assessment should not be a standalone
exercise. Companies should integrate it with other
Fase Keempat: Integrasi RCSA ERM and business management processes, such as
dalam Proses Bisnis dan ERM strategic planning, business activities, operational
Penilaian risiko tidak boleh menjadi suatu processes, and board and management reporting.
kegiatan yang berdiri sendiri. Perusahaan harus
mengintegrasikannya dengan ERM dan proses
manajemen bisnis lainnya, seperti perencanaan
strategis, aktivitas bisnis, proses operasional,
serta pelaporan manajemen dan direksi.
Fase | Phase 1: Fase | Phase 2: Fase | Phase 3: Fase | Phase 4:
Penetapan Pondasi Identifikasi Risiko, Kajian Mendalam, Integrasi Bisnis dan
Foundation Setting Penilaian, dan Kuantifikasi Risiko, ERM
Penentuan Prioritas dan Manajemen Business and
Risk Identification, Deep Dives, Risk ERM Integration
Assessment, and Quantification, and
Prioritization Management
1. Sponsor Eksekutif 1. Tujuan bisnis 1. Analisis mendalam 1. Perencanaan strategis
2. Organisasi dan peran 2. Peraturan dan 2. Indikator risiko utama 2. Bisnis proses dan
• Definisi peran persyaratan kebijakan 3. Level toleransi risiko operasional
• Perencanaan proyek 3. Wawancara RA dan 4. Strategi manajemen risiko 3. Analisis skenario dan
• Perencanaan workshop dan rencana tindakan pengujian analisis
sumber daya • Identifikasi risiko • Kontrol baru 4. Dasbor pelaporan
3. Taksonomi risiko • Penilaian kemungkinan • Pengalihan risiko 5. Basis data
4. Alat penilaian risiko • Penilaian tingkat • Rencana tindakan kehilangan/kejadian
• Daftar pertanyaan keparahan 5. Early-warning systems 6. Kebijakan eskalasi risiko
• Template RA • Penilaian kendali
• Teknologi 4. Laporan penilaian
pemungutan suara risiko dan heat maps 1. Deep dive analysis 1. Strategic planning
5. Pendidikan dan 5. Prioritas risiko 2. Key risk indicators 2. Business process
pelatihan (10 risiko teratas) 3. Risk tolerance level and operations
• Tim proyek 4. Risk management 3. Scenario analysis
• Seluruh peserta strategies and and analysis testing
1. Business objective action plans 4. Dashboard reporting
2. Regulatory and policy • New controls 5. Loss/event database
1. Executive sponsorship requirements • Risk transfer 6. Risk escalation policy
2. Organization and roles 3. RA interviews and • Action plans
• Role definitions workshops 5. Early-warning systems
• Project planning • Risk identification
• Resource planning • Probability assessment
3. Risk taxonomy • Severity assessment
4. Risk assessment tools • Controls assessment
• Questionnaire 4. Risk assessment
• RA templates reports and heat maps
• Polling technology 5. Risk prioritization
5. Education and training (top 10 risk)
• Project team
• All participants
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STRUKTUR TATA KELOLA MANAJEMEN RISIKO
CORPORATE GOVERNANCE STRUCTURE OF RISK MANAGEMENT
DEWAN KOMISARIS
KOMITE AUDIT
BOARD OF AUDIT COMMITTEE
COMMISSIONERS
KOMITE NOMINASI & REMUNERASI
NOMINATION & REMUNERATION COMMITTEE
KOMITE TATA KELOLA PERUSAHAAN
CORPORATE GOVERNANCE COMMITTEE
KOMITE ETIK & KEPATUHAN DIREKSI
ETHICS & COMPLIANCE COMMITTEE BOARD OF DIRECTORS
KOMITE INVESTASI & MANAJEMEN RESIKO
INVESTMENT & RISK MANAGEMENT COMMITTEE
RCSA RCSA RCSA RCSA RCSA
INFORMATION CORPORATE CORPORATE CORPORATE
INVESTMENT
TECHNOLOGY SECRETARY FINANCE INTERNAL AUDIT
RCSA RCSA RCSA RCSA RCSA
BUSINESS INVESTOR CORPORATE GROUP CORPORATE
DEVELOPMENT RELATION LEGAL ACCOUNTING COMMUNICATION
RCSA RCSA
BANKING CORPORATE RISK
TREASURY
RELATION MANAGEMENT
RCSA RCSA
BUSINESS
COMPLIANCE
CONTROL
PT VKTR PT BAKRIE PT BAKRIE PT MODULA
TEKNOLOGI METAL INDO SUSTAINABILITY
MOBILITAS Tbk INDUSTRIES INFRASTRUCTURE INDONESIA
RCSA RCSA RCSA RCSA
PT BAKRIE PT MULTI
PT BAKRIE PT BAKRIE PT BAKRIE PIPE PT BAKRIE
TOLL KONTROL
AUTOPARTS CONSTRUCTION INDUSTRIES POWER
INDONESIA NUSANTARA
RCSA RCSA RCSA RCSA RCSA RCSA
PT BINA USAHA PT SOUTH PT HELIO PT CIMANGGIS
PT BRAJA
MANDIRI EAST ASIA PIPE SYNAR CIBITUNG
MUKTI CAKRA
MISUZAWA INDUSTRIES ENERGY TOLLWAYS
RCSA RCSA RCSA RCSA RCSA
Alur Komando (sesuai struktur organisasi)
Command Line (in accordance with organization structure)
Alur integrasi dan komunikasi Sistem Manajemen Risiko
Perseroan dan Anak Perusahaan
Integration and communication line of Company
and Subsidiaries Risk Management System
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Divisi Manajemen Risiko Perseroan (CRM) Company Risk Management (CRM) division is
bertanggung jawab atas pengelolaan dan pelaporan responsible for management and periodic reports of
berkala aktivitas manajemen risiko dan tata kelola risk management and corporate governance in the
perusahaan di Perseroan kepada Komite Investasi dan Company to the Investment and Risk Management
Manajemen Risiko dan Komite Tata Kelola Perusahaan. Committee and Corporate Governance Committee.
Komite Investasi dan Manajemen Risiko dipimpin The Investment and Risk Management Committee
oleh salah seorang Komisaris Independen yang juga is led by an Independent Commissioner who also
merangkap sebagai anggota, Komite Manajemen holds the position as member; this committee is
Risiko bertanggung jawab kepada Dewan Komisaris. responsible to the Board of Commissioners.
Komite Tata Kelola Perusahaan dipimpin oleh The Corporate Governance Committee
salah seorang anggota Dewan Komisaris dan is also led by a member of the Board of
bertanggung jawab kepada Dewan Komisaris. Commissioners; this committee is responsible
to the Board of Commissioners.
Profil ketua dan anggota-anggota Komite
Investasi dan Manajemen Risiko dan Komite Profiles of head and members of Investment and
Tata Kelola Perusahaan dapat dilihat di bagian Risk Management Committee and Corporate
Komite Penunjang Dewan Komisaris. Governance Committee are disclosed in The Board
of Commissioners Supporting Committees part.
Komitmen Direksi dan seluruh insan BNBR dalam
mengimplementasikan Enterprise Risk Management The Board of Directors and all BNBR employees’
(ERM) direfleksikan dengan pembentukan Risk commitment in implementing Enterprise Risk
& Control Self Assessment (RCSA) Officer BNBR. Management (ERM) was reflected through the
Dengan RCSA, diharapkan setiap divisi/departemen formation of Risk & Control Self Assessment (RCSA)
sebagai Pemilik Bisnis Proses (Process Owner) dan Officer of BNBR. With the RCSA initiative, every
Pemilik Risiko (Risk Owner) berkewajiban untuk division/department as Business Process Owner is
menjalankan Sistem Manajemen Risiko ini secara under the obligation to carry out Risk Management
intensif dan berkelanjutan dengan konsep penilaian System in an intensive and sustainable manner by
dan kontrol risiko mandiri atau disebut dengan RCSA. usage of self-assessment and risk control concept
Dalam menjalankan kerjasama dan koordinasi untuk known as RCSA. In carrying out collaboration and
proses penilaian, mitigasi, kontrol, dan pengendalian coordination for assessment, mitigation, control
risiko dengan konsep RCSA, maka ditunjuk karyawan and risk management process with RCSA concept,
BNBR dengan level/jabatan minimal Manajer several BNBR employees with minimum title/
untuk menjadi RCSA Officer di divisinya masing- position of Manager were appointed as RCSA
masing. RCSA Officer tersebut bertanggung jawab Officer in each respective division. Those RCSA
kepada Pimpinan Risk Owner masing-masing dan Officers are responsible to each Risk Owner Head
berkoordinasi secara regular dengan Divisi CRM. and regularly coordinates with the CRM Division.
PROSES DAN HASIL SISTEM PROCESS AND RESULT
MANAJEMEN RISIKO PERSEROAN OF THE CORPORATE RISK
Kegiatan Manajemen Risiko di Perseroan MANAGEMENT SYSTEMS
Berikut ini adalah pemaparan kegiatan-kegiatan yang Corporate Risk Management Activities
telah dilakukan sebagai bentuk implementasi sistem The following expositions explain the activities
manajemen risiko Perseroan. Upaya-upaya tersebut carried out as part of the risk management
diuraikan dalam kegiatan pengelolaan risiko di tingkat system implementation within the Company,
Perseroan maupun anak usaha terkonsolidasi specifically at the level of the holding
company and consolidated subsidiaries.
1. Implementasi Manajemen Risiko Berbasis ERM
Berikut adalah beberapa kegiatan yang dilaksanakan 1. Implementation of ERM Based Risk Management
oleh Manajemen Risiko Perseroan selama 2025: The activities conducted as part of Company
Risk Management in 2025 include:
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a. Pembaruan petugas Risk and Control Self- a. Update of Risk and Control Self-Assessment
Assessment (RCSA) (RCSA) Officers
Komitmen Direksi dan seluruh insan BNBR The commitment of the Board of Directors and all
dalam mengimplementasikan Enterprise Risk BNBR employees to Enterprise Risk Management
Management (ERM) direfleksikan dengan (ERM) implementation is reflected through the
pembentukan Risk & Control Self Assessment appointment of the BNBR Risk & Control Self
(RCSA) Officer BNBR. Dengan RCSA, diharapkan Assessment (RCSA) Officer. Through RCSA,
setiap divisi/departemen sebagai Pemilik Bisnis all divisions/departments as Process Owners
Proses (Process Owner) dan Pemilik Risiko and Risk Owners are obliged to carry out the
(Risk Owner) berkewajiban untuk menjalankan Risk Management System in an intensive and
Sistem Manajemen Risiko ini secara intensif sustainable manner with an independent risk
dan berkelanjutan dengan konsep penilaian control and evaluation concept. To facilitate
dan kontrol risiko mandiri atau disebut dengan coordination and cooperation for processes of
RCSA. Dalam menjalankan kerjasama dan evaluation, mitigation control and management of
koordinasi untuk proses penilaian, mitigasi, risks, some BNBR employees, whose job ranks
kontrol, dan pengendalian risiko dengan konsep are at least Manager, are appointed as RCSA
RCSA, maka ditunjuk karyawan BNBR dengan Officers in each division. The RCSA Officers
level/jabatan minimal Manajer untuk menjadi subsequently report to each Risk Owner and
RCSA Officer di divisinya masing-masing. coordinate regularly with the CRM Division.
RCSA tersebut bertanggung jawab kepada
Pimpinan Risk Owner masing-masing dan RCSA Officers’ tasks and responsibilities are:
berkoordinasi secara regular dengan Divisi CRM.
» Disseminating and keeping up with the
Tugas dan tanggung jawab RCSA Officer yaitu: ERM System’s Procedure and Policy in
» Meneruskan dan mensosialisasikan the respective work unit or risk-owner in
Kebijakan dan Prosedur Sistem ERM di an entity within their scope of duties.
seluruh unit kerja atau pemilik risiko pada » Ensuring completion of the ERM Standard
entitas yang menjadi ruang lingkup tugasnya. Work Papers in the respective entity.
» Menindaklanjuti dan mensosialisasikan format » Collecting and summarizing risk registers
dokumen isian atau Kertas Kerja Standar of the entity within their scope of duties.
di entitasnya masing-masing untuk diisi.
» Collecting the Risk Mitigation Plans and Risk
» Mengumpulkan Daftar Risiko dari Mitigation Progress Status Reports from the
seluruh entitas yang menjadi entity within their scope of duties, as well
ruang lingkup tugasnya, kemudian as reporting to the related unit head if there
merangkumnya menjadi Daftar Risiko. is any risk that has not been dealt with.
» Mengumpulkan Rencana Mitigasi Risiko dan
Laporan Status Kemajuan Mitigasi Risiko
b. Update of BNBR Business Units Risk Register
dari seluruh entitas yang menjadi ruang
By applying the Risk Control Self-Assessment
lingkup tugasnya, termasuk melaporkan
(RCSA) approach, each department, acting as
kepada pimpinan entitas terkait bila
a risk owner, independently updates the risk
ada risiko yang pada waktunya belum
register that has been previously created if
diberi tanggapan atau perlakuan.
there are changes, reductions or additions to
the risks in each Department. This methodology
b. Pembaruan Risk Register Unit Usaha BNBR ensures that every member within the
Dengan menerapkan pendekatan Risk Control department actively participates in the risk
Self-Assessment (RCSA), setiap departemen, assessment process. This participation is not
yang bertindak sebagai pemilik risiko, secara limited to merely conducting risk assessments
mandiri melakukan pembaruan terhadap risk but extends to a thorough review of the
register yang sudah dibuat sebelumnya jika department’s goals and objectives, ensuring
terdapat perubahan, pengurangan ataupun alignment with broader organizational aims.
penambahan terhadap risiko di setiap
Departemen. Metodologi ini memastikan bahwa
setiap anggota departemen berpartisipasi
aktif dalam proses penilaian risiko. Partisipasi
ini tidak terbatas pada sekedar melakukan
penilaian risiko namun mencakup peninjauan
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menyeluruh terhadap tujuan dan sasaran c. Update of Risk Profile
departemen, memastikan keselarasan The risk assessment outcomes culminate in the
dengan tujuan organisasi yang lebih luas. formulation of a risk profile, which serves as a
pivotal tool for the organization in several ways.
Firstly, it aids in setting strategic priorities and
c. Pembaruan Profil Risiko
allocating resources effectively. Decisions are
Hasil penilaian risiko berupa perumusan
made with reference to the organization’s risk
profil risiko yang berfungsi sebagai alat yang
tolerance, enhancing organizational performance.
sangat penting bagi organisasi dalam berbagai
Secondly, it provides a comprehensive overview
hal. Pertama, membantu dalam menetapkan
of the primary risks faced by the organization.
prioritas strategis dan mengalokasikan
This clarity is instrumental in identifying
sumber daya secara efektif. Keputusan yang
areas where efficiency can be improved and
dibuat dengan mengacu pada toleransi risiko
potential opportunities can be explored.
organisasi, sehingga dapat meningkatkan
kinerja organisasi. Kedua, memberikan
gambaran komprehensif mengenai risiko The risk profile mirrors the company’s level of
utama yang dihadapi organisasi. Kejelasan ini risk exposure in relation to its set targets and
sangat penting dalam mengidentifikasi area- ongoing business activities. These targets,
area yang dapat ditingkatkan efesiensinya dan encompassing various time frames (short-
mengeksplorasi peluang-peluang potensial. term, medium-term, and long-term) and levels
(strategic, operational, financial, and portfolio),
significantly influence the company’s capacity
Profil risiko mencerminkan tingkat eksposur risiko
to thrive and grow sustainably in its business
perusahaan terhadap target yang ditetapkan
ventures. In essence, a company’s risk profile
dan aktivitas bisnis yang dijalankan. Target-
delivers insightful information, crucial for strategic
target ini mencakup berbagai rentang waktu
decision-making and optimal asset allocation.
(jangka pendek, jangka menengah, dan jangka
panjang) dan tingkatan (strategis, operasional,
keuangan, dan portofolio) yang secara signifikan This ensures the company not only fosters growth
mempengaruhi kapasitas perusahaan untuk and seizes opportunities but also manages its
berkembang dan tumbuh secara berkelanjutan business in a healthy and responsible manner.
dalam usaha bisnisnya. Intinya, profil risiko In 2023, BNBR’s CRM division laid the initial
perusahaan memberikan informasi mendalam groundwork for the risk profile of BNBR and all
yang penting dalam pengambilan keputusan its Business Units. This foundational framework
strategis dan mengoptimalkan alokasi aset. is designed to be continuously evolved by
each business unit, tailored to their specific
context and characteristics. This comprehensive
Hal ini memastikan perusahaan tidak hanya
approach to risk management is fundamental
mendorong pertumbuhan dan meraih peluang
to maintaining and enhancing our competitive
namun juga mengelola bisnisnya dengan cara
edge in a dynamic business environment,
yang sehat dan bertanggung jawab. Pada tahun
allowing each unit to adapt and respond
2023, divisi CRM BNBR berhasil membuat
effectively to their unique risk landscapes.
profil risiko pertama BNBR dan seluruh Unit
Bisnisnya. Kerangka dasar ini dirancang untuk
terus dikembangkan oleh setiap unit bisnis, In 2025, the BNBR Business Unit Risk Profile
disesuaikan dengan konteks dan karakteristik was updated to ensure that risk assessment
spesifiknya. Pendekatan manajemen risiko yang and mitigation remain relevant to business
komprehensif ini merupakan hal mendasar untuk dynamics, regulatory changes, and technological
mempertahankan dan meningkatkan keunggulan developments. The focus of this update
kompetitif kami dalam lingkungan bisnis yang includes the composition of risk categories,
dinamis, sehingga memungkinkan setiap unit risk rating levels, and identification of key risks
untuk beradaptasi dan merespons secara that are most significant to the company.
efektif terhadap lanskap risiko unik mereka.
With this update, it emphasizes the
Tahun 2025, pembaruan Risk Profile Unit Usaha commitment of BNBR in strengthening risk
BNBR dilakukan untuk memastikan penilaian management that is proactive, adaptive,
dan mitigasi risiko tetap relevan dengan and supports strategic decision making for
dinamika bisnis, perubahan regulasi, dan competitiveness and sustainable growth.
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perkembangan teknologi. Fokus pembaruan 2. Transactional-based Risk Assessment and
ini mencakup komposisi kategori risiko, Monitoring
tingkatan rating risiko, dan identifikasi key risks Risk assessment and monitoring, written in
yang paling signifikan bagi perusahaan. the form of reports produced by the CRM
Dengan pemutakhiran ini, menegaskan komitmen Division constitute a form of the corporate risk
dari BNBR dalam memperkuat manajemen management implementation. The following
risiko yang proaktif, adaptif, dan mendukung table lists the types of such reports.
pengambilan keputusan strategis demi daya
saing dan pertumbuhan berkelanjutan.
2. Pemantauan dan Penilaian Risiko Berbasis
Transaksional
Penilaian dan pemantauan risiko berupa
pelaporan yang dilakukan oleh Divisi CRM
merupakan salah satu bentuk penerapan sistem
manajemen risiko Perseroan. Tabel berikut
memaparkan jenis-jenis laporan yang diproduksi
oleh Divisi CRM PT Bakrie & Brothers Tbk.
L APOR AN YANG DI PRODU KSI OLEH DIVISI CORPOR ATE RISK MANAG EM ENT PERSEROAN
REPORTS PRODUCED BY THE COMPANY’S CORPORATE RISK MANAGEMENT DIVISION
JENIS KEGIATAN DAN/ JUMLAH
ATAU LAPORAN LAPORAN KETERANGAN
TYPE OF ACTIVITY NUMBER OF DESCRIPTION
AND/OR REPORT REPORTS
Laporan identifikasi, penilaian, dan rekomendasi mitigasi atas berbagai
transaksi yang dijalankan di tingkat Perseroan dan Anak Perusahaan.
Laporan ini terdiri dari: transaksi pendanaan, investasi, divestasi, operasional,
pelaporan dan kepatuhan, serta proposal investasi, divestasi, dan pendanaan
dari anak perusahaan yang memerlukan persetujuan Komite Investasi
Penilaian Risiko dan Manajemen Risiko, Direksi dan/atau Dewan Komisaris Perseroan.
8 Laporan
Berbasis Transaksi
(per proyek)
Transaction-Based Reports on identification, evaluation and recommended mitigation
(per project)
Risk Assessment of transaction-based risks at Company and Subsidiary level.
These reports cover: financing, investment, divestment, and
operational transactions, reporting and compliance as well as
investment, divestment, and financing proposals from subsidiaries,
requiring the agreement of the Investment and Risk Management
Committee, Board of Directors and/or Board of Commissioners.
3. Kerjasama dan Peningkatan Kapasitas 3. Cooperation and Capacity Building
Dalam upaya pengelolaan risiko secara profesional, As part of professional risk management efforts,
CRM perlu terlibat secara aktif sebagai anggota CRM needs to be actively involved as an association
asosiasi dan menjalin kerjasama dengan para member and to cooperate with other professionals
profesional di bidang manajemen risiko. Anggota in the field of risk management. The Company’s
CRM Perseroan tercatat sebagai anggota IRMAPA. CRM Division members are registered as members
CRM Perseroan telah diundang menjadi pembicara of IRMAPA. The Company’s CRM Division has been
dan narasumber pada Workshop ISO 31000: invited as speakers at the Workshop ISO 31000:
International Risk Management Standard dan juga International Risk Management Standard event,
telah melakukan Benchmarking & Sharing Session and has also carried out a Benchmarking & Sharing
dengan Tim Manajemen Risiko beberapa perusahaan Session with Risk Management Teams of several
terbuka lainnya. Anggota CRM juga tercatat telah public companies. The CRM Division member holds
mendapatkan sertifikasi ERMAP (Enterprise Risk ERMAP (Enterprise Risk Management Associate
Management Associate Professional) dan CGRCP Professional) and CGRCP (Certified Governance Risk
(Certified Governance Risk Compliance Professional). Compliance Professional) certificates. Furthermore,
Selain itu, CRM mengikuti berbagai pelatihan dan the CRM Division has also attended various training
seminar yang diselenggarakan asosiasi dan lembaga programs and seminars held by other reputable
pelatihan terpercaya lainnya. Tujuannya adalah
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meningkatkan kemampuan, pengetahuan dan associations and agencies; the goal of those efforts
wawasan anggota CRM di bidang manajemen risiko. is to enhance CRM staff’s abilities, knowledge
and insight in the field of risk management.
4. Proyek Lintas Divisi
Pada tahun 2025, BNBR semakin memperkuat sistem 4. Cross-Division Projects
peringatan dini yang merupakan komponen penting In 2025, BNBR further reinforced its early warning
dalam memantau kinerja strategis, keuangan, dan system, a vital component in monitoring the
operasional semua unit bisnisnya. Peningkatan ini strategic, financial, and operational performance
dicapai melalui pembentukan program pemantauan of all its business units. This enhancement was
bulanan, yang dilakukan oleh CRM bekerja sama achieved through the establishment of a monthly
dengan berbagai departemen di BNBR. Program ini monitoring program, conducted by the CRM in
dijalankan melalui business control working group. collaboration with various departments within
Laporan rutin yang dihasilkan dari pemantauan ini BNBR. The program operates under the format of
disampaikan kepada Direksi untuk memberikan a business control working group. Regular reports
wawasan penting yang menginformasikan dan generated from this monitoring are submitted to
memandu proses pengambilan keputusan strategis the Board of Directors, providing crucial insights
perusahaan. Inisiatif ini menunjukkan komitmen kami that inform and guide the company’s strategic
untuk terus melakukan perbaikan dan kewaspadaan decision-making process. This initiative exemplifies
dalam manajemen kinerja kami, memastikan bahwa our commitment to continual improvement and
kami tetap berada di depan dalam menghadapi vigilance in our performance management, ensuring
tantangan potensial dan menyelaraskan strategi that we stay ahead of potential challenges and
kami untuk meraih kesuksesan yang berkelanjutan. align our strategies for sustained success.
PENGELOLAAN RISIKO YANG INTEGRATED RISK MANAGEMENT
TERINTEGRASI DI PERSEROAN AT COMPANY AND SUBSIDIARIES
DAN ANAK USAHA
The Corporate Risk Profile is a cornerstone of
Profil Risiko Korporasi merupakan fondasi penting risk synthesis for our company, encompassing
dalam sintesis risiko untuk perusahaan kami, an array of key risks categorized under strategic,
yang mencakup serangkaian risiko utama yang financial, operational, and legal/compliance risks.
dikategorikan ke dalam risiko strategis, keuangan, Our management's vigilance is particularly directed
operasional, serta kepatuhan/hukum. Kami berfokus towards a bifurcated risk structure: the key risks
pada struktur risiko yang terbagi dalam dua bagian: at the holding level and the business units' level
risiko utama pada tingkat holding dan tingkat unit (manufacturing and infrastructure). The systematic
usaha (manufaktur dan infrastruktur). Profilisasi risiko profiling of risks is a critical component of our
yang sistematis adalah komponen kritikal dalam strategic risk mitigation and governance framework,
kerangka kerja mitigasi risiko strategis dan tata kelola assuring meticulous management of key risks.
kami, menjamin pengelolaan risiko utama yang teliti This diligence is a catalyst for the Corporation’s
guna memastikan perusahaan dapat tumbuh secara continued growth and accelerated expansion.
berkelanjutan dan berkembang secara cepat.
CRM classified risks at Company
CRM mengklasifikasikan risiko-risiko di holding and Subsidiaries level into four
tingkat Perseroan dan Anak Usaha ini ke types of main risks as follows:
dalam empat jenis risiko utama, yaitu:
1. Strategic Risk
1. Risiko Strategis (Strategic Risk) 2. Financial Risk
2. Risiko Keuangan (Financial Risk) 3. Operational Risk
3. Risiko Operasional (Operational Risk) 4. Legal Risk
4. Risiko Hukum (Legal Risk)
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RISI KO DI I N DU K
HOLDING RISKS
KATEGORI RISIKO MITIGASI
NO
CATEGORY RISKS MITIGATIONS
Membentuk working group bersama seluruh
Kesalahan penyampaian
pihak terkait dalam penyusunan informasi
informasi kepada publik.
Risiko Strategis yang akan disampaikan kepada publik
1,
Strategic Risk
Miscommunication of
Establish a working group with all relevant parties to ensure
information to the public.
accurate dissemination of information to the public.
1. Melakukan analisa keuangan pada proyek
Implementasi dan hasil kerjasama dan due dilligence yang komprehensif.
dengan mitra strategis tidak 2. Melakukan monitor kinerja terhadap target secara berkala
sesuai dengan harapan. untuk memastikan keselarasan dengan target strategis.
Risiko Strategis
2.
Strategic Risk
Strategic partnership 1. Conduct financial analysis and comprehensive
implementation and outcomes due diligence on projects.
not meeting expectations. 2. Implement periodic performance monitoring to
ensure alignment with strategic targets.
Melakukan eksplorasi opsi-opsi sumber
Kehilangan sumber pembiayaan
pembiayaan untuk diversifikasi sumber pendanaan
dari lembaga keuangan.
Risiko Keuangan dan memperkuat stabilitas finansial.
3
Financial Risk
Loss of financing from
Explore alternative financing options to diversify
financial institutions.
funding sources and enhance financial stability.
1. Evaluasi skema kerjasama serta
mengkompilasi "lesson learned”.
Kesulitan dalam mencari mitra
2. Mengadopsi pendekatan portofolio untuk kemitraan
strategis untuk kerjasama
strategis dengan mengidentifikasi dan melibatkan
pengembangan bisnis.
Risiko Strategis banyak mitra potensial secara bersamaan.
4.
Strategic Risk
Challenges in finding
1. Evaluate and document lessons learned
strategic partners for
from partnership schemes.
business development.
2. Adopt a portfolio approach to widen the strategic
partner base by identifying multiple potential partners.
1. Mempersiapkan buffer dana untuk
kebutuhan biaya tak terduga.
2. Memastikan kecukupan arus kas untuk
Keterlambatan pembayaran memenuhi kewajiban pembayaran yang tepat
Risiko Keuangan
5. kepada kreditur. waktu (perencanaan kas yang akurat).
Financial Risk
Delays in payments to creditors.
1. Maintain a buffer of funds for unforeseen expenses.
2. Ensure adequate cash flow management to meet
payment obligations on time (Accurate Cash Planning).
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& the Board of Directors
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RISI KO DI U N IT USAHA MAN U FAK TU R
RISKS AT MANUFACTURING-BASED BUSINESS UNITS
KATEGORI RISIKO MITIGASI
NO
CATEGORY RISKS MITIGATIONS
Menyusun dan melaksanakan rencana cadangan
Penurunan jumlah pesanan
yang meliputi penambahan produk potensial
dari pelanggan.
Risiko Strategis dan memperluas basis pelanggan.
1,
Strategic Risk Formulate and execute a strategic contingency
Decrease in customer
plan inclusive of diversifying potential products
order volume.
and expanding the customer base.
1. Melakukan pembelian bahan baku untuk buffer
stock di saat harga terbilang rendah.
Fluktuasi harga dan 2. Menyampaikan perkiraan kebutuhan bahan baku kepada
kelangkaan bahan baku. vendor guna menjaga kepastian harga dan stok.
Risiko Strategis
2.
Strategic Risk
Volatility in the price and 1. Procure raw materials for buffer inventory
availability of raw materials. at opportune market valuations;.
2. Distribute raw material demand forecasts to vendors
to safeguard price and supply continuity.
1. Menerapkan draf H-7 jadwal servis bulanan.
2. Mempertahankan level terendah atas
critical utility stock parts.
3. Melakukan peningkatan keahlian sumber daya manusia.
Peningkatan rejection rate
4. Segera berkoordinasi dengan supplier terkait
Risiko atas output produksi.
material reject yang melebihi target;
3 Operasional
Operational Risk Escalation in production
1. Implement a draft H-7 monthly service schedule;
output rejection rates.
2. Sustain minimal levels of critical utility stock parts;
3. Elevate workforce competencies;
4. Engage in immediate coordination with suppliers
on exceeding target rejection rates.
1. Mempercepat jadwal produksi dan
menyederhanakan proses logistik.
2. Melakukan kontrol yang ketat terhadap
persediaan barang jadi.
Keterlambatan pengantaran 3. Membentuk armada pengiriman cadangan
Risiko produk kepada pelanggan. untuk meningkatkan keandalan distribusi.
4. Operasional
Operational Risk Delays in product 1. Expedite production timelines and
delivery to clients. streamline logistical processes.
2. Exercise stringent control over the
inventory of finished goods.
3. Establish a reserve delivery fleet for
enhanced distribution reliability.
1. Pembuatan SOP pengelolaan limbah.
2. Pelaporan pemanfaatan limbah B3.
3. Melakukan pemutakhiran dokumen lingkungan.
4. Perbaikan infrastruktur pengelolaan limbah
Pelanggaran regulasi dan/atau
dan peralatan pendukung lainnya.
pencemaran lingkungan hidup
Risiko Hukum 1. Development of Waste Management
5.
Legal Risk Standard Operating Procedures (SOPs).
Breach of environmental
2. Reporting on the utilization of hazardous
compliance
and toxic waste (B3 Waste).
3. Updating environmental documentation.
4. Improvement of waste management infrastructure
and other supporting equipment.
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RISI KO DI U N IT USAHA I N FR A STRU K TU R
RISKS AT INFRASTRUCTURE-BASED BUSINESS UNITS
KATEGORI RISIKO MITIGASI
NO
CATEGORY RISKS MITIGATIONS
Menyusun rencana alternatif atau rencana cadangan
serta koordinasi dengan pelanggan dan pihak
Harga penawaran lebih tinggi
ketiga untuk memperkuat nilai kompetitif.
Risiko Strategis daripada kompetitor.
1,
Strategic Risk Bid pricing exceeds that
Develop a contingency strategy, incorporating an alternative
of competitors.
plan and coordination with customers and third-party
stakeholders to enhance competitive positioning.
1. Secara berkelanjutan mengikuti seminar yang
relevan dalam memberikan wawasan terkini.
2. Bekerjasama dengan konsultan yang
kredibel untuk memvalidasi data riset.
Hasil riset pasar atas prospek 3. Meningkatkan kuantitas dan kualitas SDM.
Risiko Strategis proyek tidak akurat
2.
Strategic Risk Inaccuracy in market research 1. Persistently participate in relevant seminars
for project prospects and events for updated insights.
2. Forge partnerships with credible consultants
to validate research data.
3. Strengthen both the quantity and
quality of the human resources.
.1. Melakukan pemeliharaan dan servis
rutin mesin dan/atau peralatan.
2. Memastikan ketepatan waktu pengadaan
Mesin produksi, alat angkut, suku cadang yang dibutuhkan.
dan/atau peralatan tidak 3. Melakukan perawatan mesin dan/atau peralatan
Risiko
dalam kondisi yang optimal. secara berkala untuk mencegah downtime.
3 Operasional
Production machinery,
Operational Risk
lifting equipment, or tools 1. Implement routine maintenance and
not in optimal condition. servicing of machines and equipment.
2. Ensure timely procurement of necessary spare parts;
3. Conduct regular machine and equipment
care to prevent downtimes.
1. Memberikan pelatihan secara formal terkait
proses pekerjaan dan penanganan produk.
2. Melakukan pemilihan material sesuai dengan
standar yang telah disepakati.
Kualitas pekerjaan tidak sesuai
Risiko 3. Melakukan pelatihan SDM secara berkelanjutan.
keinginan pelanggan.
4. Operasional
Work quality does not meet
Operational Risk 1. Provide formal training related to job
customer expectations.
processes and product handling.
2. Select materials that adhere to pre-agreed
standards for consistent quality.
3. Invest in ongoing skills development for the workforce.
Melaksanakan pelatihan terkait lingkungan dan kampanye
kepedulian lingkungan secara berkelanjutan untuk
memitigasi risiko dan mempromosikan keberlanjutan.
Risiko Hukum Pencemaran lingkungan.
5.
Legal Risk Environment fatality.
Execute continuous environmental training and
implement ongoing environmental awareness campaigns
to mitigate risks and promote sustainability.
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PENILAIAN RISIKO DI LINGKUP RISKS EVALUATION OF COMPANY AT
PERSEROAN DAN ANAK USAHA HOLDING AND SUBSIDIARIES LEVEL
Penilaian risiko dilakukan oleh seluruh Departemen Risk evaluation was done annually by all Departments.
dalam periode tahunan. Pada setiap kuartal IV, At every fourth quarter, 17 (seventeen) RCSA
17 (tujuh belas) orang RCSA Officer di BNBR dan Officer in BNBR and 13 (thirteen) RCSA Officer
13 (tiga belas) orang RCSA Officer di Anak Usaha in subsidiaries formulate and update the risk
Perusahaan menyusun dan memutakhirkan register on each Department’s work sheet.
daftar risiko (risk register) pada kertas kerja
untuk masing-masing Departemen. Sustainable ERM and GRC process is managed
through assessment of each risk registered by
Proses ERM dan GRC yang berkelanjutan dikelola each business process in the Company.
dengan menilai setiap risiko yang didaftarkan dari
masing-masing proses bisnis di Perseroan. Based on the RCSA process that has been carried
out by each department in BNBR holding level, in the
Berdasarkan proses RCSA yang telah dilakukan oleh fourth quarter year 2025 a total of 112 (one hundred
masing-masing departemen di lingkungan BNBR level twelve) risks have been identified, consisting of:
induk, pada triwulan IV tahun 2025 telah teridentifikasi
112 (seratus dua belas) risiko, yang terdiri dari: ♦ 31 strategic risks;
♦ 12 financial risks;
♦ 31 risiko strategis;
♦ 65 operational risks; and
♦ 12 risiko keuangan;
♦ 9 legal risks.
♦ 65 risiko operasional; dan
♦ 9 risiko hukum. And for Subsidiaries, 783 (seven hundred and eighty
three) risks have been identified, consisting of:
Dan untuk Anak Usaha telah teridentifikasi
sebanyak 783 (tujuh ratus delapan ♦ 168 strategic risks;
puluh tiga) risiko, yang terdiri dari: ♦ 54 financial risks;
♦ 526 operational risks; and
♦ 168 risiko strategis;
♦ 35 legal risks.
♦ 54 risiko keuangan;
♦ 526 risiko operasional; dan
For these all risks, an analysis has been carried
♦ 35 risiko hukum. out to determine the probability and impact so that
each risk has a value and risk level category.
Atas seluruh risiko tersebut, telah dilakukan
analisis untuk menentukan probabilitas dan
dampaknya sehingga masing-masing risiko telah
memiliki nilai dan kategori tingkatan risiko.
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HA SI L MATRI KS RISK REGISTER PERSEROAN DI LE VEL I N DU K TAH U N 2025
MATRIX RESULT OF RISK REGISTER OF COMPANY AT HOLDING LEVEL YEAR 2025
E
4%
RM
MT
34.7%
T 25% RM
34.7% 42%
MT MT
26.7% 33%
RISI KO STR ATEG IS RISI KO KEUANGAN
STR ATEG IC RISK FI NANCIAL RISK
E R
5% 6% RM
22.2%
T
26% RM
T
44.4%
35%
MT
MT
33.3%
28%
RISI KO OPER A SIONAL RISI KO H U KU M
OPER ATIONAL RISK LEGAL RISK
R: Rendah | Low
RM: Rendah Menengah | Low to Medium
MT: Menengah Tinggi | Medium to High
T: Tinggi | High
E: Ekstrim | Extreme
Penilaian tingkat risiko operasional per Departemen Total risk of operation risk level evaluation at each
di tingkat Induk di tahun 2025 sebanyak 18 Risk Department at Holding level in 2025 is 18 Risk
Register. Sedangkan untuk lingkup Anak Usaha, di Registers. While at Subsidiaries level, the total
tahun 2024 sebanyak 127 Risk Register. Perseroan of risk register in 2024 is 127 Risk registers. The
terus mendorong RCSA Officer untuk memahami Company continues to suppoertRCSA Officer
dengan pasti pengelolaan termasuk mitigasi risiko in developing accurate comprehension of risk
di masing-masing proses bisnisnya oleh pemilik owners at every business unit concerning risk
risiko di masing-masing perusahaan, sehingga management and mitigation in their business
RCSA Officer (dan pemilik risiko) dapat melakukan process, so that the RCSA Officer (and risk owner) are
pemaparan risiko yang lebih terperinci dan mendalam, capable of performing insightful risk management,
mengurangi eksposur risiko serta memitigasi risiko. reducing risk exposure and mitigating risk.
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HA SI L MATRI KS RISK REGISTER ANAK USAHA PERSEROAN TAH U N 2025
MATRIX RESULT OF RISK REGISTER OF COMPANY AT SUBSIDIARIES LEVEL YEAR 2025
R R
E E
8% 3% 11.1%
2% RM
RM 9.1%
19%
T
34% MT
31.3%
MT T
36% 46.5%
RISI KO STR ATEG IS RISI KO KEUANGAN
STR ATEG IC RISK FI NANCIAL RISK
R R
E
5% 5% 3% RM
14%
RM
T
31% T MT
34% 66% 17%
MT
25%
RISI KO OPER A SIONAL RISI KO H U KU M
OPER ATIONAL RISK LEGAL RISK
R: Rendah | Low
RM: Rendah Menengah | Low to Medium
MT: Menengah Tinggi | Medium to High
T: Tinggi | High
E: Ekstrim | Extreme
Evaluasi yang Dilakukan Perseroan atas Company Evaluation on the Effectiveness
Efektivitas Sistem Manajemen Risiko of Risk Management Systems
Evaluasi yang dilakukan oleh Perseroan atas The Company’s evaluation on the effectiveness
efektivitas sistem manajemen risiko merupakan of risk management systems is one of the tasks of
salah satu tugas dari Komite Investasi dan the Investment and Risk Management Committee
Manajemen Risiko, yang hasil evaluasinya whose aforementioned evaluation is as follow:
antara lain adalah sebagai berikut:
1. The Investment and Risk Management Committee
1. Komite Investasi dan Manajemen Risiko accepted the results of the risk management
menerima baik pencapaian pelaksanaan program implementation carried out by CRM.
program manajemen risiko yang dilakukan oleh In 2025, the CRM Department has published
CRM. Selama tahun 2025, Departemen Risk Transaction Based Risk Assessment Report.
Manajemen (CRM Department) telah menerbitkan
Laporan Penilaian Risiko Berbasis Transaksi (Risk
Assessment Report).
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Dalam hal ini Komite Investasi dan Manajemen The Investment and Risk Management Committee
Risiko melihat bahwa upaya mitigasi risiko was therefore able to see that the risk mitigation
telah dilakukan oleh Direksi, dan hasil risk efforts had already been carried out by the
assessment tersebut telah dijadikan acuan Board of Directors, and that the results of the risk
oleh manajemen dalam pengambilan assessment had been used as reference in the
keputusan. Selain itu Komite Investasi dan decision-making process by the management.
Manajemen Risiko merekomendasikan agar The Investment and Risk Management Committee
CRM mengambil langkah langkah guna also advised the CRM Division to implement
memelihara dan meningkatkan kesadaran atas steps in order to maintain and increase risk
risiko (risk awareness) serta mengkaji profil awareness at every subsidiary of the Company.
manajemen risiko hingga ke anak perusahaan.
2. The Investment and Risk Management Committee
2. Komite Investasi dan Manajemen Risiko telah has evaluated the CRM Division’s efforts to ensure
melakukan evaluasi atas upaya-upaya yang compliance at the levels of Business Process,
telah dilakukan oleh CRM dalam meningkatkan Policy & Procedure, Compliance Monitoring
risk culture di lingkungan BNBR dan Unit and Compliance Reporting activities. The
Usahanya agar kesadaran akan risiko semakin Investment and Risk Management Committee
tinggi. Komite Investasi dan Manajemen Risiko appreciates the Compliance Department’s
mengapresiasi pelaksanaan peningkatan implementation of Compliance tests.
risk culture yang dilakukan oleh CRM.
3. The Investment and Risk Management Committee
3. Komite Investasi dan Manajemen Risiko advises the CRM Division to constantly monitor
merekomendasikan kepada CRM untuk the managements mitigation efforts to maintain
memantau secara terus menerus langkah-langkah positive sentiment toward Bakrie Group
mitigasi yang dapat dilakukan oleh Manajemen shares, which are ensuring Good Corporate
untuk mempertahankan sentimen positif pasar Governance (GCG) both internally and externally,
terhadap saham Grup Bakrie antara lain yaitu: through transparent disclosure to regulators,
mewujudkan praktik Tata Kelola Perusahaan investors and the media; carrying out corporate
(GCG) secara internal dan juga eksternal melalui actions directly related to investment in the
keterbukaan informasi kepada regulator, investor, real sector, so as to ensure positive sentiment
dan media; melakukan terobosan baru ataupun toward Bakrie Group; resolving default; and
aksi korporasi yang berhubungan langsung finding new sources of funding for investment
dengan aktivitas investasi secara riil, sehingga projects in infrastructure and other areas.
menimbulkan kembali sentimen positif pasar
terhadap Grup Bakrie; penyelesaian beban utang
yang telah jatuh tempo serta mencari sumber
pendanaan baru untuk membiayai proyek-proyek
investasi di bidang infrastruktur dan lainnya.
PERKARA PENTING
IMPORTANT LEGAL CASES
Pada tahun 2025, Perusahaan tidak terlibat dalam In 2025, the Company was not involved
perkara hukum maupun perkara pajak apapun. in any legal or taxes cases.
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TANTANGAN DALAM IMPLEMENTASI
KEBERLANJUTAN & ESG
CHALLENGES IN IMPLEMENTING SUSTAINABILITY & ESG [SEOJK E.5]
Dalam proses implementasi keberlanjutan dan In the process of implementing sustainability and
Environmental, Social, and Governance (ESG), Environmental, Social, and Governance (ESG)
tidak dapat dipungkiri sepert halnya perusahaan practices, it’s undeniable that BNBR, like other
lain pada umumnya, BNBR juga menghadapi companies, faces a number of challenges. These
sejumlah tantangan. Tantangan-tantangan ini challenges are not only related to integrating
tidak hanya berkaitan dengan pengintegrasian ESG practices into the company’s strategy and
praktik ESG ke dalam strategi dan operasional operations but also include difficulties in measuring
Perseroan, tetapi juga mencakup kesulitan dalam sustainability impact, navigating an evolving
mengukur dampak keberlanjutan, menavigasi regulatory framework, and ensuring decision-
kerangka regulasi yang terus berkembang, dan making is based on accurate ESG data.
memastikan pengambilan keputusan dilakukan
berdasarkan basis data ESG yang akurat. To address these challenges, BNBR has
formulated and implemented a comprehensive
Untuk mengatasi tantangan-tantangan tersebut, series of strategies. These strategies are
BNBR telah merumuskan dan menerapkan designed not only to overcome the barriers in
serangkaian strategi yang komprehensif. Strategi- the implementation of sustainability and ESG but
strategi ini dirancang tidak hanya untuk mengatasi also to ensure that these practices add value to
hambatan dalam implementasi keberlanjutan the company and its stakeholders. The following
dan ESG, tetapi juga untuk memastikan bahwa are strategies that BNBR has implemented:
praktik-praktik tersebut memberikan nilai tambah
bagi Perseroan dan pemangku kepentingannya. ♦ Development and Implementation of Consistent
Berikut adalah strategi yang BNBR terapkan: Reporting Standards: BNBR is committed to
developing and implementing consistent and
♦ Pengembangan dan Penerapan Standar transparent ESG reporting standards. This
Pelaporan yang Konsisten: BNBR berkomitmen includes the use of reporting frameworks in
untuk mengembangkan dan menerapkan standar accordance with regulations, namely POJK
pelaporan ESG yang konsisten dan transparan. 51/2017, as well as internationally recognized
Ini termasuk penggunaan kerangka kerja reporting frameworks such as the Global
pelaporan sesuai dengan regulasi, yakni POJK Reporting Initiative (GRI) to ensure that the
51/2017 juga kerangka pelaporan yang diakui reported data is accurate and comparable.
secara internasional, yaitu Global Reporting ♦ Internal Training and Education: BNBR invests
Initiative (GRI) untuk memastikan bahwa data significant resources in training and educating
yang dilaporkan akurat dan dapat dibandingkan. employees about the importance of sustainability
♦ Pelatihan dan Pendidikan Internal: BNBR and ESG. This aims to enhance understanding
menginvestasikan sumber daya signifikan dalam and commitment to ESG practices across the
pelatihan dan pendidikan karyawan tentang organization and ensures that each team member
pentingnya keberlanjutan dan ESG. Hal ini is equipped with the necessary knowledge to
bertujuan untuk meningkatkan pemahaman implement these practices in their daily work.
dan komitmen terhadap praktik ESG di seluruh ♦ Collaboration with Stakeholders: To navigate
organisasi, serta memastikan bahwa setiap the evolving regulatory framework and
anggota tim dilengkapi dengan pengetahuan overcome the challenges of ESG data-based
yang diperlukan untuk mengimplementasikan decision-making, BNBR actively collaborates
praktik ini dalam pekerjaan mereka sehari-hari. with stakeholders, including regulators,
♦ Kolaborasi dengan Pemangku Kepentingan: customers, suppliers, and the community. This
Untuk menavigasi kerangka regulasi yang collaboration allows the company to share
terus berkembang dan mengatasi tantangan best practices, gain new insights, and develop
pengambilan keputusan berbasis data innovative solutions to the challenges faced.
ESG, BNBR aktif berkolaborasi dengan
pemangku kepentingan, termasuk regulator,
pelanggan, pemasok, dan komunitas.
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Kolaborasi ini memungkinkan Perseroan ♦ Utilization of Technology and Data-driven
untuk berbagi praktik terbaik, mendapatkan Decision Making: BNBR leverages the latest
wawasan baru, dan mengembangkan solusi technology and data analytics to enhance
inovatif untuk tantangan yang dihadapi. the collection and analysis of ESG data.
♦ Pemanfaatan Teknologi dan Pengambilan Investment in data management systems
Keputusan Berdasarkan Data: BNBR enables the company to collect accurate
memanfaatkan teknologi terkini dan analitik and real-time data, which supports decision-
data untuk meningkatkan pengumpulan dan making to strengthen sustainability practices.
analisis data ESG. Investasi dalam sistem
manajemen data memungkinkan Perseroan
untuk mengumpulkan data yang akurat dan real-
time, yang mendukung pengambilan keputusan
untuk memperkuat praktik keberlanjutan.
AKSES INFORMASI DAN DATA PERUSAHAAN
ACCESS TO COMPANY INFORMATION AND DATA
Sebagai perusahaan publik, BNBR berusaha As a public company, BNBR strives to disseminate
untuk menyediakan informasi dengan jelas, clear, comprehensive and on time information
lengkap dan tepat waktu bagi seluruh pemangku to the stakeholders, as the manifestation of
kepentingan, sebagai wujud komitmen terhadap its commitment towards accountability and
asas akuntabilitas dan transparansi informasi information transparency principles related to
terkait kinerja dan operasional Perusahaan. the Company’s performance and operations.
Untuk mempermudah akses publik terhadap informasi For easy access to the public on BNBR
BNBR, Perusahaan menyediakan beberapa saluran information, the Company provides several
resmi untuk mencari informasi lengkap mengenai official contacts information on the Company,
Perusahaan, termasuk laporan kinerja, pengumuman, including performance reports, announcements,
dan kegiatan usaha BNBR, yaitu melalui: and BNBR business activities, through:
Sekretaris Perusahaan atau Corporate Secretary or
Corporate Communications dan Investor Relations Corporate Communications and Investor Relations
PT Bakrie & Brothers Tbk PT Bakrie & Brothers Tbk
Bakrie Tower Lt. 35-37 Bakrie Tower 35-37th Floor
Rasuna Epicentrum Rasuna Epicentrum
Jl H.R. Rasuna Said Jl H.R. Rasuna Said
Jakarta 12940, Indonesia Jakarta 12940, Indonesia
Telepon : (62 21) 2991 2222 Telephone : (62 21) 2991 2222
Email : bnbr.corcomm@bakrie.co.idir@bakrie.co.id Email : bnbr.corcomm@bakrie.co.idir@bakrie.co.id
Situs : www.bakrie-brothers.com Situs : www.bakrie-brothers.com
PEMBERIAN DANA UNTUK
KEGIATAN SOSIAL POLITIK
FUNDS PROVISION FOR SOCIAL AND POLITICAL ACTIVITY
Perusahaan menyadari bahwa dana aset dan/atau The Company is aware that asset funds and/
keuntungan perusahaan tidak patut digunakan or company’s profits are inappropriately meant
untuk kepentingan donasi politik. Donasi politik for political grant interests. This political grant
yang dimaksud adalah: pemberian kepada partai includes; donation to political parties, legislation
politik, calon anggota badan legislatif, kelompok candidates, and community groups in litigation,
masyarakat yang sedang bertikai, kelompok/lembaga/ group/institutions/foundations under one party.
perkumpulan yang bernaung dibawah satu partai.
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Karenanya perusahaan tidak terlibat di dalam To that end, the Company is not involved in any
kegiatan politik dan tidak memberikan donasi untuk political activities and is not in the position to grant
kepentingan politik. Perusahaan lebih memfokuskan donations for political interests. The Company put
alokasi dana pada kegiatan dengan kepedulian more focus on fund allocation to activities with
tinggi terhadap masalah sosial dan lingkungan highest care towards the social and environmental
hidup, sebagai wujud tanggung jawab Perusahaan issues, as the manifestation of the Corporate social
terhadap masyarakat. Penjelasan secara lebih rinci responsibility to the community. The Company
mengenai tanggung jawab sosial untuk tahun 2025 reports detailed the 2025 corporate social
dilaporkan dalam Bab Tanggung Jawab Sosial responsibility in the Chapter of Corporate Social
Perusahaan dalam Laporan Tahunan Terintegrasi ini. Responsibility in this Integrated Annual Report.
KODE ETIK DAN PEDOMAN
PERILAKU PERUSAHAAN
CORPORATE CODE OF ETHICS AND CODE OF CONDUCT
BNBR terus berupaya untuk membangun organisasi BNBR continues to strive in building organizations
yang didukung insan-insan dengan kejujuran, supported by people with honesty, integrity,
integritas dan loyalitas, untuk mencapai keberlanjutan and loyalty, to achieve business sustainability.
usaha. Upaya tersebut diwujudkan dengan menyusun This effort is embodied by the development of
dan mengembangkan pedoman perilaku yang Code of Conduct and Business Conduct Policy.
terdiri dari Kode Etik dan Kebijakan Perilaku Bisnis. By the implementation of the code of conduct,
Dengan penerapan pedoman perilaku, diharapkan professionalism is expected to be elevated in
profesionalisme dapat ditingkatkan dalam jajaran the management level and all employees of PT
manajemen dan segenap karyawan PT Bakrie Bakrie & Brothers Tbk including subsidiaries.
& Brothers Tbk termasuk anak perusahaan.
CODE OF CONDUCT IMPLEMENTATION
PENERAPAN PEDOMAN PERILAKU The code of conduct and business conduct
Kode etik dan kebijakan perilaku bisnis mengandung policy contains full principles of the Company
prinsip-prinsip Perusahaan secara utuh serta and covers the values and standard of manners
merangkum nilai dan standar perilaku PT Bakrie & of PT Bakrie & Brothers Tbk. Both conducts are
Brothers Tbk. Kedua pedoman tersebut berlaku applicable to all BNBR people in all levels of
bagi seluruh Insan BNBR dalam seluruh level Company’s organization, and shall be used in day-
organisasi Perusahaan, dan harus selalu digunakan to-day activities. These conducts enabled the
dalam pekerjaan sehari-hari. Pedoman-pedoman best choices and acted in the highest integrity
ini memungkinkan untuk membuat pilihan yang by following the Company’s principles.
terbaik dan bertindak dengan integritas tertinggi
dengan mengikuti prinsip-prinsip Perusahaan. The implementation and enforcement of Code
of Conduct and Business Conduct Policy of
Penerapan dan penegakan Kode Etik PT Bakrie & Brothers Tbk is stipulated in:
dan Kebijakan Perilaku Bisnis PT Bakrie
& Brothers Tbk dituangkan dalam: ♦ Corporate Governance Guidelines
♦ Board Manual
♦ Panduan Tata Kelola Perusahaan
♦ Conflicts of Interest Guidelines
♦ Panduan Dewan Komisaris dan
♦ Integrity Pacts
Direksi (Board Manual)
♦ Corporate Culture
♦ Panduan Benturan Kepentingan
♦ Pakta Integritas
♦ Budaya Perusahaan
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MEKANISME PENYEBARAN CODE OF CONDUCT
CODE OF CONDUCT DISSEMINATION MECHANISM
Mekanisme Diseminasi dan Sosialisasi Code The Company’s Code of Conduct Dissemination
of Conduct di Perusahaan digambarkan Mechanism is illustrated as below:
dengan bagan sebagai berikut:
Divisi human capital - Brainstorming Penyusunan Pedoman Etika Perusahaan
Learning Center & Divisi yang mencakup: Kode Etik Perusahaan (Code of Ethics) &
Corporate Risk Management
Kebijakan Perilaku Bisnis (Code of Conduct)
Division of Human Resources -
Learning Center & Division of Brainstorming Preparation Guidelines for Corporate Ethics,
Corporate Risk Management which includes: Code of Ethics & Code of Conduct
Divisi Corporate
Risk Management Usulan dan Evaluasi Pedoman Etika Perusahaan
Corporate Risk Proposal and Evaluation Guidelines for Corporate Ethics
Management Division
Sosialisasi & Diseminasi Portal Internal Perusahaan Buku Panduan Tata Kelola
Dokumen Etika Perusahaan - Seluruh Organ BNBR Perusahaan (Corporate
- Seluruh Organ BNBR Governance Manual)
- Unit-unit Usaha BNBR Company Internal Portal - Seluruh Organ BNBR
- Whole Organs of BNBR
Socialization & Dissemination Handbook of Corporate
Document Company Ethics Governance (Corporate
- Whole Organs of BNBR Governance Manual)
- Business Units BNBR - Whole Organs of BNBR
Seluruh Organ BNBR mematuhi segala ketentuan dan peraturan
yang tercantum pada pedoman Etika Perusahaan
Whole Organs of BNBR comply with all rules and regulations
set forth the guidelines Corporate Ethics
Jika Terjadi PELAPORAN PELANGGARAN
Pelanggaran
If abuse occurs WHISTLEBLOWING SYSTEM
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KODE ETIK CODE OF ETHICS
Kode Etik PT Bakrie & Brothers Tbk merupakan PT Bakrie & Brothers Code of Ethics represents the
standar pedoman perilaku karyawan PT Bakrie & employees’ code of conduct in conducting their
Brothers Tbk dalam bekerja. Setiap karyawan PT works. Every employee of PT Bakrie & Brothers
Bakrie & Brothers Tbk bertanggungjawab untuk Tbk is responsible to understand and implement
memahami dan menerapkannya dalam segala this code in all daily activities. The Code of Ethics
tindakan sehari-hari. Kode Etik PT Bakrie & Brothers of PT Bakrie & Brothers Tbk consists of standard of
Tbk tersebut berisi tentang standar perilaku dalam manners in interact with the stakeholders, such as
berinteraksi dengan para pemangku kepentingan, illicit activity, compliance on the Company’s laws
seperti aktivitas terlarang, kepatuhan terhadap and policies, recordings and appropriate assets
hukum dan kebijakan Perusahaan, pengarsipan dan utilization, compensations for agents and others,
penggunaan aset yang layak, kompensasi untuk prohibition of conflicts of interest, prohibition in
agen dan yang lainnya, larangan adanya benturan granting and entertain the stakeholders, honesty
kepentingan, larangan adanya pemberian dan hiburan in reporting per diem, disclosure of the Company’s
kepada para pemangku kepentingan, pelaporan confidentiality with permission, protection on the
biaya dinas secara jujur, pengungkapan informasi Company’s interests, prohibition to act that may
rahasia Perusahaan dengan ijin, perlindungan caused any loss to the Company, prohibition to
atas kepentingan Perusahaan, larangan untuk violate the Company’s Code of Ethics, compliance
melakukan perbuatan yang merugikan Perusahaan, on the Company’s Regulations, and good
larangan untuk melakukan pelanggaran terhadap cooperation with the auditors and legal counsels.
Kode Etik Perusahaan, kepatuhan terhadap
Peraturan Perusahaan, dan kerjasama yang terjalin CODE OF ETHICS SOCIALIZATION
baik dengan auditor dan penasihat hukum.
The socialization and dissemination of Code of
Ethics Document and Business Conduct Policy
SOSIALISASI KODE ETIK
is periodically conducted every year in an event
Sosialisasi dan diseminasi Dokumen Kode Etik attended by all Company’s organs and business units.
dan Kebijakan Perilaku Bisnis dilakukan secara The signing of the Code of Ethics document and
periodik setiap tahun dalam acara yang dihadiri Business Conduct Policy is done by all Company’s
oleh seluruh organ Perseroan dan unit-unit usaha. employees and business units collectively. In
Penandatanganan dokumen Kode Etik dan Kebijakan addition, the Company disseminated the Code
Perilaku Bisnis dilakukan oleh seluruh peserta dari of Ethics through the Corporate Governance
Perseroan dan unit-unit usaha secara bersama- Guidelines and company’s internal portals.
sama. Selain itu, Perseroan melakukan diseminasi
dokumen Kode Etik melalui buku Panduan Tata BUSINESS CONDUCT POLICY
Kelola Perusahaan dan portal internal perseroan.
The Business Conduct Policy of PT Bakrie & Brothers
Tbk is a compilation of norms and rules that become
KEBIJAKAN PERILAKU BISNIS
the platform of ethics and code of conduct in every
Kebijakan Perilaku Bisnis PT Bakrie & Brothers action or expression regarding matters that are
Tbk adalah kumpulan norma-norma atau aturan- obliged, prohibited, or inappropriate to be performed
aturan yang menjadi landasan etik dan pedoman by employees of PT Bakrie & Brothers Tbk.
perilaku dalam tindakan maupun ucapan mengenai
hal-hal yang diwajibkan, dilarang, atau tidak patut The Business Conduct Policy is intended to support
dilakukan oleh karyawan PT Bakrie & Brothers Tbk. an ethical performance effectiveness based on
laws. In general, Business Conduct Policy consists
Kebijakan Perilaku Bisnis tersebut bertujuan untuk of policies on financial recording, inappropriateness,
mendorong efektivitas kinerja yang beretika dan receipt of payment, entertainment and business,
berlandaskan hukum. Secara garis besar, Kebijakan conflicts of interest, and annual questionnaires.
Perilaku Bisnis berisi tentang kebijakan-kebijakan
tentang penyimpanan catatan keuangan, tidak
patut, penerimaan pembayaran, hiburan dan bisnis,
benturan kepentingan, dan angket tahunan.
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PENEGAKAN DAN SANKSI ENFORCEMENT AND
PELANGGARAN VIOLATION SANCTIONS
Upaya yang dilakukan Perusahaan untuk The efforts of the Company in the enforcement of
penegakan pedoman perilaku antara lain melalui code of conduct among others are through the
penandatanganan dokumen Kode Etik dan signing of the Code of Ethics document and Business
Kebijakan Perilaku Bisnis. Seluruh karyawan juga Conduct Policy. All employees are also mandated
diwajibkan menandatangani surat perjanjian to sign the working agreement, which includes the
perikatan kerja yang di dalamnya juga mengikat agreement on compliance towards the company’s
tentang kepatuhan terhadap peraturan perusahaan. regulations. For several types of violations, the
Untuk berbagai jenis pelanggaran Perusahaan Company stipulated sanctions through reprimand,
menetapkan sanksi mulai dari teguran, surat warning letters as well as termination of employment.
peringatan serta pemutusan hubungan kerja.
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PERNYATAAN BUDAYA PERUSAHAAN
CORPORATE CULTURE STATEMENTS [GRI 2-6]
Perusahaan memiliki landasan budaya yang The Company has the cultural foundation that reflects
mencerminkan perilaku organisasi dan etika yang the organization conduct and ethics communicated
dikomunikasikan secara tertulis dan dapat dijadikan in writing and as the guidelines for all Company’s
pegangan oleh seluruh insan Perusahaan. Budaya employees. The corporate culture is rooted in
perusahaan bersumber pada akar dan nilai – nilai luhur noble values that become the platform of the
yang menjadi dasar bagi pengelolaan Perusahaan. Di Company’s management. In BNBR, the corporate
BNBR budaya Perusahaan dinyatakan dalam sebuah culture is stated in Trimatra Bakrie statements.
pernyataan yang diberi nama Trimatra Bakrie.
TRIMATRA BAKRIE
NILAI DASAR
BASIC VALUE
KE-INDONESIA-AN K E M A N FA ATA N KEBERSAMA AN
Cara pandang, motif dan tindakan Cara pandang, motif dan tindakan Cara pandang, motif dan tindakan
Insan Bakrie yang bangga sebagai Insan Bakrie yang mengutamakan Insan Bakrie yang mengedepankan
bangsa Indonesia, berwawasan efektivitas dan efisiensi sumber sinergi dalam keragaman.
global dan berkontribusi daya untuk meningkatkan
bagi masyarakat dunia. kualitas hidup yang lebih baik. TO G E TH E R N E S S
Bakrie People’s perspective,
INDONESIAN-NESS U S E F U LN E S S motive and attitude that
Bakrie People’s perspective, Bakrie People’s perspective, promotes synergy in diversity.
motive and attitude that is proud motive and attitude that
to be of Indonesian nationality, prioritizes the effectiveness
has global worldview and and efficiency of resources to
contributes to global society. enhance the quality of life.
NILAI INSTRUMENTAL
INSTRUMENTAL VALUE
I N TE G R ITA S P R O F E S I O N A LI S M E
Melaksanakan tugas yang diemban dengan Memiliki pengetahuan, keterampilan dan
kesungguhan, semangat, kesetiaan, wawasan yang mendukung tercapainya hasil
kejujuran, selalu menghormati prinsip- kerja maksimum dengan kualitas dan cara terbaik,
prinsip kebenaran dan mendahulukan tertata dan menjunjung tinggi nilai hubungan
kepentingan bangsa dan perusahaan. pribadi dan perusahaan dengan pihak manapun.
I NTE G R IT Y P R O F E S S I O N A LI S M
Performing obliged duties earnestly, Having the intelligence, expertise and worldview
fervently, loyally, honestly, always respecting that encourages achievement of excellent
the principles of truth and prioritizing performance, best quality, through orderly
national and company interests. procedure, respecting the value of interpersonal
and company relationship with any other parties.
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SISTEM PELAPORAN PELANGGARAN
WHISTLEBLOWING SYSTEM [GRI 2-16][GRI 2-17]
BNBR telah mengembangkan dan menerapkan BNBR has developed and implemented
Sistem Pelaporan Pelanggaran melalui Kebijakan dan Whistleblowing System through the Policies and
Prosedur No. 258/BNBR/III/2012 tentang Penerapan Procedures No. 258/BNBR/III/2012 concerning the
Sistem Pelaporan Pelanggaran (Whistleblowing Implementation of Whistleblowing System. The
System). Sistem Pelaporan Pelanggaran bertujuan Whistleblowing System is intended to build loyalty
untuk membangun loyalitas pada Perusahaan dan to the Company and create a conducive working
menciptakan iklim kerja yang kondusif, dengan environment, by supporting the whistleblowing
mendorong pelaporan terhadap hal maupun tindakan towards matters that may cause financial or non-
yang dapat membawa kerugian finansial maupun financial losses to the Company, including matters
non-finansial pada Perusahaan, termasuk yang which may damage the Company’s good name
dapat merusak nama baik dan citra Perusahaan. and image. Through this system, any reports or
Melalui sistem ini, setiap laporan atau isu signifikan significant concerns that may impact the Company’s
yang berpotensi berdampak terhadap operasional operations and sustainability are communicated
dan keberlanjutan Perseroan dikomunikasikan through established channels to management
secara berjenjang kepada manajemen dan, apabila and, where necessary, escalated to the Board
diperlukan, kepada Direksi dan Dewan Komisaris untuk of Directors and the Board of Commissioners
mendapatkan perhatian dan penanganan lebih lanjut. for further attention and suitable action.
KEBIJAKAN PENGADUAN PELANGGARAN WHISTLEBLOWING POLICY
Sistem Pelaporan Pelanggaran merupakan wujud Whistleblowing System is a manifestation of good
penegakan prinsip Tata Kelola Perusahaan yang baik, Corporate Governance principles enforcement,
berkaitan dengan operasional usaha yang transparan, related with the business operations of transparent,
akuntabel dan bertanggung jawab. Sistem Pelaporan accountable, and responsible. Whistleblowing System
Pelanggaran diharapkan lebih berperan sebagai fungsi is expected to place the roles as prevention function
preventif dan deteksi terhadap potensi pelanggaran. and detections towards whistleblowing potentials.
Perusahaan menyediakan sistem ini sebagai sarana The Company provides this system as the facility to
karyawan BNBR, anak perusahaan dan atau pihak BNBR employees, subsidiaries, and or external parties,
eksternal, dalam memberi masukan, keluhan dan in disseminating feedback, complaints and reports
laporan mengenai hal, kejadian, ataupun tindakan yang on matters, events, or actions that are inappropriate
tidak sesuai dengan pedoman perilaku Perusahaan, towards the Company’s conduct, community norms,
norma masyarakat, hukum dan peraturan perundangan prevailing laws and legislations. Whistleblowing
yang berlaku. Sistem Pelaporan Pelanggaran dianggap System is considered as one of the most secure,
sebagai salah satu cara yang paling aman, efektif dan effective and efficient in prevention, reporting,
efisien untuk mencegah, melaporkan, mengumpulkan collective of evidence and following up actions
bukti dan menindaklanjuti tindakan pelanggaran oleh on the violations by the Company’s employees or
karyawan maupun manajemen Perusahaan. Sistem management. This system protects the whistleblowers’
ini melindungi identitas dan hak-hak pelapor untuk identity and rights to support conducive follow up.
mendorong situasi tindak lanjut yang kondusif.
WHISTLEBLOWING MANAGEMENT
PENGELOLA PELAPORAN
The Company’s Whistleblowing System is managed
Sistem Pelaporan Pelanggaran Perseroan dikelola professionally by the Ethics & Compliance Committee,
secara profesional oleh Komite Etik & Kepatuhan, assisted by Whistleblowing System Administration
yang dibantu oleh Pengelola Administrasi Sistem Management. The Ethics & Compliance Committee is
Pelaporan Pelanggaran. Komite Etik & Kepatuhan a committee appointed and established by the Board
adalah komite yang diangkat dan ditetapkan oleh of Directors to support the Directors in providing
Direksi untuk membantu Direksi memberikan directions, decision-making and supervision on
arahan, melakukan pengambilan keputusan dan the Company’s adherence/compliance and/or the
melakukan pengawasan terhadap ketaatan/kepatuhan Board of Commissioners, Directors and employees
Perseroan dan/atau Dewan Komisaris, Direksi dan as well as executives of the Company towards
karyawan dan pimpinan Perseroan terhadap etika ethics and conduct policy or prevailing laws and
dan kebijakan perilaku maupun peraturan hukum regulations. The Ethics & Compliance Committee
dan perundang-undangan yang berlaku. Komite Etik guarantees protection to every Whistleblower. The
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& Kepatuhan memberikan jaminan perlindungan Ethics & Compliance Committee and Whistleblowing
kepada setiap Pelapor. Komite Etik & Kepatuhan dan System Officer guarantee the confidentiality of the
Petugas Pelaksana Sistem Pelaporan Pelanggaran Whistleblowers’ identity that provide their personal
(Whistleblowing System) memberikan jaminan data and information for communication purposes;
kerahasiaan identitas bagi Pelapor yang memberikan including guarantee of confidentiality of the
data dan informasi tentang jati diri Pelapor yang Whistleblowers’ identity to the Investigation Team.
dapat digunakan untuk menghubungi Pelapor; The Whistleblowing System Officer/WBS Manager
termasuk juga jaminan kerahasiaan identitas Pelapor consists of the Corporate Internal Audit (CIA), and
kepada Tim Investigasi. Petugas pelaksana Sistem in implementing its duties, the CIA establishes
Pelaporan Pelanggaran (Whistleblowing System)/ and coordinates the Investigation Team, which
Pengelola WBS adalah Corporate Internal Audit (CIA), members are comprising of Legal Department,
dan dalam pelaksanaan tugasnya CIA membentuk Enterprise Risk Management (ERM) Department,
dan mengkoordinir Tim Investigasi yang anggotanya Compliance Department, and Human Capital (HC)
terdiri dari Departemen Legal, Departemen Enterprise Department, whereby the duties and responsibilities
Risk Management (ERM), Departemen Compliance, of Investigation team are to assist the WBS Manager
dan Departemen Human Capital (HC), dimana in analyzing the whistleblowing system cases. In
tugas dan tanggung jawab Tim Investigasi adalah its implementation, the Company also ensures
membantu Pengelola WBS dalam menganalisis kasus that parties involved in managing and supervising
pelaporan pelanggaran. Dalam pelaksanaannya, this system have adequate competencies through
Perseroan juga memastikan bahwa pihak-pihak capacity building and improved understanding of
yang terlibat dalam pengelolaan dan pengawasan governance, compliance, and risk management.
sistem ini memiliki kompetensi yang memadai melalui
peningkatan kapasitas dan pemahaman terkait REPORTING MANAGEMENT ON ALLEGED
tata kelola, kepatuhan, dan manajemen risiko. VIOLATIONS BY THE EMPLOYEES
In general the following are procedures
PENGELOLAAN PELAPORAN
of whistleblowing system management
ATAS DUGAAN PELANGGARAN
of PT Bakrie & Brothers Tbk:
OLEH KARYAWAN
Prosedur penanganan pelaporan 1. Whistleblowers are aware and have the
pelanggaran PT Bakrie & Brothers Tbk, initial evidence that is relevant with the
secara umum adalah sebagai berikut: violations indications done by the offenders
(Reported) and submit it to the WBS
1. Pelapor mengetahui dan mempunyai bukti- Manager through hotlines or emails.
bukti awal yang relevan atas adanya indikasi 2. WBS Manager conducts pre screening on
pelanggaran yang dilakukan pelaku pelanggaran the initial evidence towards its relevance
(Terlapor) dan menyampaikannya kepada with the initial indication reports presented
Pengelola Sistem Pelaporan Pelanggaran by the Whistleblowers. WBS manager finds
(WBS) melalui sarana hotline atau email. the other supporting evidence relevant and
2. Pengelola WBS melakukan pengecekan sanction that related to the whistleblowing.
terhadap bukti-bukti awal yang telah diterima 3. WBS Manager forms the Investigation Team to
(prescreening) terhadap relevansinya dengan assist the Internal Audit Unit (IAU) in analyzing
laporan indikasi awal yang disampaikan the violations cases. Based on the investigations
Pelapor. Pengelola WBS mencari bukti-bukti results, the Ethics & Compliance Committee
pendukung lainnya yang relevan dan saksi will audit and analyze the investigations
yang terkait pelaporan pelanggaran. results as a base of decision-making.
3. Pengelola WBS membentuk Tim Investigasi untuk 4. In the proven of violations:
membantu Unit Audit Internal (CIA) melakukan
» Ethics & Compliance Committee stipulates
analisis terhadap kasus pelanggaran tersebut.
sanctions and issued the Decree of
Berdasarkan laporan hasil investigasi, Komite
Whistleblowing Sanctions to the Offenders.
Etik & Kepatuhan melakukan pemeriksaan
dan analisis terhadap hasil investigasi tersebut » Ethics & Compliance Committee submits
sebagai dasar untuk pengambilan keputusan. to the HC Department for following up the
Decree of Whistleblowing Sanctions.
4. Apabila pelanggaran terbukti:
» Komite Etik & Kepatuhan menetapkan
sanksi dan mengeluarkan Surat
Keputusan Penetapan Sanksi Pelaporan
Pelanggaran kepada Terlapor.
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» Komite Etik & Kepatuhan menyerahkan » Ethics & Compliance Committee can
kepada Departemen HC untuk tindak submit to the Corporate Legal Department
lanjut Surat Keputusan Penetapan for every violation towards laws and
Sanksi Pelaporan Pelanggaran. regulations for follow up to the authorities.
» Komite Etik & Kepatuhan dapat menyerahkan
kepada Departemen Corporate Legal
untuk setiap pelanggaran terhadap The following are whistleblowing system procedures
hukum dan peraturan perundang- conducted by the employees as illustrated below:
undangan untuk ditindaklanjuti
kepada pihak yang berwenang.
Prosedur penanganan pelaporan
pelanggaran oleh karyawan digambarkan
dengan bagan sebagai berikut:
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PROSEDUR PENANGANAN PELAPORAN
PELANGGARAN OLEH KARYAWAN
WHISTLEBLOWING SYSTEM PROCEDURES CONDUCTED BY THE EMPLOYEES
Pelapor / Stakeholder 1
Pelaporan Pelanggaran Tertulis
Whistleblower /
Stakeholder
Written Violation Reports
2
AUDIT INTERNAL / PENGELOLA WBS
INTERNAL AUDIT/EXECUTIVE OFFICER OF WBS
Pengelola Pengaduan (Audit Internal / Pengelola WBS)
Complaint Handler (Internal Audit/Executive Officer of WBS)
7
3
Administrasi & Pengumpulan Bukti-Bukti Pendukung Lainnya
Administration and Supporting Evidence Collection
4
Tim Evaluasi Kasus Pelaporan Pelanggaran (Audit Internal & Tim Investigasi)
Evacuation Team for Case of Violation Reports (Internal Audit & Investigating Team)
5
6
Tanggapan Hasil Investigasi
Response Investigation Result
DIREKSI
BOARD OF DIRECTORS
Komite Etik & Kepatuhan
Ethic and Compliance Committee
8
Analisis Hasil Investigasi
Analysis of Investigation Result
9 11
Tidak Dapat Dibuktikan Dapat Dibuktikan
Unproven Proven
10 12
Berkas Ditutup Usulan Penindakan
Case Closed Sesuai Perkara
Proposed Action in
Accordance with Lawsuit
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PENGELOLAAN PELAPORAN REPORTING MANAGEMENT ON
ATAS DUGAAN PELANGGARAN ALLEGED VIOLATIONS BY THE
OLEH DEWAN KOMISARIS ATAU BOARD OF COMMISSIONERS OR
DIREKSI ATAU PENGELOLA WBS DIRECTORS OR WBS MANAGERS
Sedangkan prosedur pelaporan pelanggaran The following are procedures for the
yang dilakukan oleh Dewan Komisaris/Direksi/ whistleblowing system by the Board of
Pengelola WBS adalah sebagai berikut: Commissioners/ Directors/ WBS Managers:
1. Pelapor mengetahui dan mempunyai bukti- 1. The Whistleblower is aware and has the initial
bukti awal yang relevan atas adanya indikasi evidence on violations indications conducted
pelanggaran yang dilakukan oleh Dewan by the Board of Commissioners/ Directors/
Komisaris/Direksi/Pengelola WBS. Apabila WBS Managers. If the Offenders are the Board
Terlapor adalah Dewan Komisaris dan/atau of Commissioners and/or WBS Managers, the
Pengelola WBS, Pelapor menyampaikan Whistleblowers submit the violation indication
laporan indikasi pelanggaran melalui e-mail reports through e-mails addressed to the
yang ditujukan kepada Direktur Utama. Apabila President Director. If the Offenders are the
Terlapor adalah Direksi, Pelapor menyampaikan Board of Directors, the Whistleblowers submit
laporan indikasi pelanggaran melalui e-mail the violations indication through e-mails
yang ditujukan kepada Komisaris Utama. addressed to the President Commissioner.
2. Komisaris Utama/Direktur Utama melakukan 2. The President Commissioner/ President Director
pengecekan awal terhadap bukti-bukti conducts pre screening on the submitted initial
awal yang telah diterima (pre-screening) evidence, for its relevance with the violations
apakah relevan dengan laporan indikasi indication presented by the Whistleblower
pelanggaran yang telah disampaikan Pelapor by completing the Whistleblowing Forms.
dengan melengkapi isian yang terdapat di 3. The Commissioner/ President Director forms the
dalam Formulir Pelaporan Pelanggaran. internal Investigation Team and/or can request
3. Komisaris/Direktur Utama membentuk Tim assistance from an independent external party for
Investigasi internal dan/atau dapat meminta the following up of the violations. If the violations
bantuan dari pihak eksternal yang independen indications are done by the Board of Directors,
untuk tindak lanjut pelaporan pelanggaran. President Commissioner forms the ad-hoc Ethics
Apabila indikasi pelanggaran dilakukan oleh & Compliance Committee to set the sanctions
Direksi, Komisaris Utama membentuk Komite to the Offenders if he/she proven guilty.
Etik & Kepatuhan yang bersifat ad-hoc untuk 4. In the proven of violations:
menetapkan sanksi kepada Terlapor apabila
» Ethics & Compliance Committee stipulates
Terlapor terbukti melakukan pelanggaran.
sanctions and issued the Decree of
4. Apabila pelanggaran terbukti: Whistleblowing Sanctions to the Offenders.
» Komite Etik & Kepatuhan menetapkan » Ethics & Compliance Committee
sanksi dan mengeluarkan Surat submits to the President Commissioner/
Keputusan Penetapan Sanksi Pelaporan President Director for following up the
Pelanggaran kepada Terlapor. Decree of Whistleblowing Sanctions.
» Komite Etik & Kepatuhan menyerahkan » Ethics & Compliance Committee can
kepada Komisaris Utama/Direktur Utama submit to the Corporate Legal Department
untuk tindak lanjut Surat Keputusan for every violations towards laws and
Penetapan Sanksi Pelaporan Pelanggaran. regulations for follow up to the authorities.
» Komite Etik & Kepatuhan dapat menyerahkan
kepada Departemen Corporate Legal The following are whistleblowing system
untuk setiap pelanggaran terhadap procedures of violations done by the Board
hukum dan peraturan perundang- of Directors as illustrated below:
undangan untuk ditindaklanjuti
kepada pihak yang berwenang.
Prosedur penanganan pelaporan pelanggaran oleh
Direksi digambarkan dengan bagan sebagai berikut:
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PROSEDUR PENANGANAN PELAPORAN
PELANGGARAN OLEH DIREKSI
WHISTLEBLOWING SYSTEM PROCEDURES OF VIOLATIONS
DONE BY THE BOARD OF DIRECTORS
Pelapor / Stakeholder 1
Pelaporan Pelanggaran Tertulis
Whistleblower /
Stakeholder
Written Violation Reports
2
DEWAN KOMISARIS
BOARD OF COMMISSIONERS
Pengelola Pengaduan (Komisaris Utama)
Complaint Handler (President Commissioner)
6
3
Administrasi & Pengumpulan Bukti-Bukti Pendukung Lainnya
Administration and Supporting Evidence Collection
4
Tim Evaluasi Kasus Pelaporan Pelanggaran
Evaluation team for Case of Violation Report
5 1. Komisaris Utama membentuk Tim Investigasi untuk tindak lanjut laporan pelanggaran
Tanggapan
2. Komisaris Utama membentuk komite etik & Kepatuhan (ad-hoc)
Response untuk menetapkan sanksi apabila terbukti terjadi pelanggaran
1. President Commissioner creates investigation team to follow up the violation reports.
2. President Commissioner create Ethic and Compliance
Committee (Ad-hoc) to determine sanctions if the violation is proven.
7
Hasil Investigasi
Investigation Result
8
Komite Etik & Kepatuhan
Ethic and Compliance Committee
9
Analisis Hasil Investigasi
Analysis of Investigation Result
10 12
Tidak Dapat Dibuktikan Dapat Dibuktikan
Unproven Proven
11 13
Berkas Ditutup Usulan Penindakan
Case Closed Sesuai Perkara
Proposed Action in
Accordance with Lawsuit
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Prosedur penanganan pelaporan pelanggaran The following are whistleblowing system procedures
oleh Dewan Komisaris atau Pengelola WBS of violations done by the Board of Commissioners
digambarkan dengan bagan sebagai berikut: or WBS Managers as illustrated below:
PROSEDUR PENANGANAN PELAPORAN PELANGGARAN
OLEH DEWAN KOMISARIS ATAU PENGELOLA WBS
WHISTLEBLOWING SYSTEM PROCEDURES OF VIOLATIONS DONE BY
THE BOARD OF COMMISSIONERS OR WBS MANAGERS
Pelapor / Stakeholder 1
Pelaporan Pelanggaran Tertulis
Whistleblower /
Stakeholder Written Violation Reports
2
DIREKSI
BOARD OF DIRECTORS
Pengelola Pengaduan (Direktur Utama)
Complaint Handler (President Director)
6
3
Administrasi & Pengumpulan Bukti-Bukti Pendukung Lainnya
Administration and Supporting Evidence Collection
4
Tim Evaluasi Kasus Pelaporan Pelanggaran
Evaluation team for Case of Violation Report
5 1. Direktur Utama membentuk Tim Investigasi untuk tindak lanjut laporan pelanggaran
Tanggapan
2. Direktur Utama membentuk komite etik & Kepatuhan (ad-hoc)
Response untuk menetapkan sanksi apabila terbukti terjadi pelanggaran
1. President Director creates investigation team to follow up the violation reports.
2. President Director create Ethic and Compliance
Committee (Ad-hoc) to determine sanctions if the violation is proven.
7
Hasil Investigasi
Investigation Result
8
Komite Etik & Kepatuhan
Ethic and Compliance Committee
9
Analisis Hasil Investigasi
Analysis of Investigation Result
10 12
Tidak Dapat Dibuktikan Dapat Dibuktikan
Unproven Proven
11 13
Berkas Ditutup Usulan Penindakan
Case Closed Sesuai Perkara
Proposed Action in
Accordance with Lawsuit
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SOSIALISASI WHISTLEBLOWING SYSTEM WHISTLEBLOWING SYSTEM
[GRI 2-26][GRI 205-1][GRI 205-2] SOCIALIZATION [GRI 2-26]
Peraturan dan Penerapan terhadap Sistem Pelaporan
[GRI 205-1][ [GRI 205-2]
Pelanggaran ini disosialisasikan dan dievaluasi The Regulation and Implementation on Whistleblowing
secara berkelanjutan kepada seluruh insan PT Bakrie System is disseminated and evaluated sustainably
& Brothers Tbk, dan secara berkala dilaksanakan to all employees of PT Bakrie & Brothers Tbk,
pemutakhiran/penyempurnaan Sistem Pelaporan and periodically conducted the Whistleblowing
Pelanggaran ini dalam rangka perbaikan berkelanjutan System advancement/refinement for sustainability
sesuai dengan perkembangan bisnis Perseroan. in accordance with the Company’s business
Sistem ini juga berfungsi sebagai mekanisme resmi development. This system also provides a
bagi pemangku kepentingan untuk menyampaikan formal mechanism for stakeholders to submit
pengaduan, kekhawatiran, maupun dugaan pelanggaran complaints, raise concerns, or report suspected
secara aman dan dapat diandalkan. Langkah- violations in a secure and reliable manner.The
langkah yang ditempuh Perseroan diantaranya: following are steps taken by the Company:
1. Perseroan melakukan tahapan sosialisasi, 1. The Company conducts socialization,
implementasi dan evaluasi Whistleblowing implementation and evaluation on the
System secara berkesinambungan. Whistleblowing System continuously.
2. Kegiatan sosialisasi dilakukan secara 2. The socialization activity is done sustainably
berkesinambungan terhadap pihak internal towards the Company’s internal or external
maupun eksternal Perseroan. Sosialisasi terhadap parties. The socialization for internal parties will
pihak internal akan dititikberatkan pada adanya be focusing on the understanding, awareness
pemahaman, timbulnya kesadaran dan kebutuhan and requirements to implement consistent
untuk menerapkan GCG secara konsisten. GCG. The socialization to the external
Sosialisasi kepada pihak eksternal ditujukan untuk party is intended to provide understanding
memberikan pemahaman tentang cara kerja yang on the Company’s applicable frameworks
berlaku di Perseroan sesuai dengan prinsip GCG. in accordance with GCG principles.
3. Implementasi Whistleblowing System 3. The Whistleblowing System is consistently
dilaksanakan secara konsisten dengan implemented with full commitment from all
komitmen penuh dari seluruh jajaran PT elements of PT Bakrie & Brothers Tbk and
Bakrie & Brothers Tbk dan dukungan dari supported by the other stakeholders.
seluruh pemangku kepentingan lainnya. 4. The Company evaluates the Whistleblowing
4. Perseroan melakukan evaluasi terhadap System. The evaluation is intended to
Whistleblowing System. Evaluasi ini ditujukan acknowledge and measure the appropriateness
untuk mengetahui dan mengukur kesesuaian of the Whistleblowing System with the
Whistleblowing System dengan kebutuhan Company’s needs as well as the effectiveness of
Perseroan serta efektivitas dari program implementation programs. Based on evaluation
implementasi yang telah dilaksanakan. results, improvement and development of
Berdasarkan hasil evaluasi tersebut, perbaikan Whistleblowing System and its implementation
maupun pengembangan Whistleblowing System programs will be conducted sustainably,
dan program implementasinya akan dilakukan including through the assessment of risks
secara berkesinambungan, termasuk melalui related to potential corruption and ethical
penilaian risiko terkait potensi korupsi dan violations in the Company’s operations.
pelanggaran etika dalam kegiatan operasional.
WHISTLEBLOWER PROTECTION
PERLINDUNGAN BAGI PELAPOR
To maintain stability and a conducive environment,
Untuk memelihara stabilitas dan situasi Whistleblowing System shall provide whistleblower
kondusif, Sistem Pelaporan Pelanggaran harus protection to the Whistleblowers. The protection
memberikan fasilitas perlindungan (whistleblower to the whistleblowers cover the following:
protection) kepada Pelapor. Perlindungan kepada
pelapor pengaduan pelanggaran meliputi: 1. Independent, free and confidential
reporting facilities;
1. Fasilitas saluran pelaporan yang 2. Whistleblowers’ identity confidentiality guarantee;
independen, bebas dan rahasia;
2. Jaminan kerahasiaan identitas Pelapor;
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3. Perlindungan atas tindakan balasan dari Terlapor 3. Protection against retaliation from the
maupun dari Perseroan dan juga perlindungan Offenders or the Company as well as the other
lainnya sebatas kemampuan Perseroan; protections within the ability of the Company;
4. Jaminan perlindungan yang diberikan oleh Komite 4. Protection guarantee provided by
Etik & Kepatuhan Perseroan kepada Pelapor. the Company’s Ethics & Compliance
Committee to the Whistleblowers.
Perlindungan atas tindakan balasan dari
Terlapor dan juga perlindungan lainnya The protection on the retaliation from the Offenders as
sebatas kemampuan Perseroan. well as other protections within the Company’s ability.
LAPORAN PELANGGARAN REPORTS OF VIOLATIONS DURING 2025
SELAMA TAHUN 2025 Since the policies and procedures of the
Sejak kebijakan dan prosedur Sistem Pelaporan Whistleblowing System were developed in 2012
Pelanggaran (Whistleblowing System) disusun di and were intensively socialized to employees
tahun 2012 dan disosialisasikan secara intensif ke throughout 2025. Up to December 31, 2025 the
karyawan sepanjang tahun 2025. Sampai dengan Company did not received any report of violations
31 Desember 2025 Perseroan tidak memperoleh which require follow-up by the investigation
laporan pelanggaran yang perlu ditindaklanjuti oleh team and Internal Audit in accordance with the
tim investigasi dan Audit Internal sesuai dengan Whistleblowing System mechanism. The Company
mekanisme Whistleblowing System. Perseroan keeps monitoring potential violations regularly and
tetap melakukan pemantauan secara berkala ensures its investigation and follow-up processes
terhadap potensi pelanggaran dan memastikan are ready in case any reports emerge. [GRI 205-3]
kesiapan mekanisme penanganan apabila
terdapat laporan yang masuk. [GRI 205-3]
INFORMASI BAGI INVESTOR
INFORMATION FOR INVESTORS
Dimulai sejak tahun 2013 Perseroan tengah Since 2013 the Company started serious efforts
berupaya untuk memperbaiki posisi keuangan to improve its financial position by means of,
Perseroan dengan salah satunya melakukan among others, restructuration of Company’s debt
restrukturisasi terhadap kewajiban Perseroan through conversion of such debt into Company
melalui konversi dari kewajiban tersebut menjadi shares as approved by creditors or lenders.
saham Perseroan terhadap kreditur atau pemberi
pinjaman yang telah menyetujui konversi tersebut. Restructuration through conversion is carried
out in stages by firstly implementing conversion
Restrukturisasi dengan konversi ini dilakukan secara of debts from creditors or lenders who have
bertahap dengan menjalankan terlebih dahulu approved the conversion restructuration
terhadap kreditur atau pemberi pinjaman yang telah terms as proposed by the Company.
menyetujui dengan syarat-syarat restrukturisasi
konversi yang telah diajukan Perseroan. CAPITAL INCREASE WITH NON
PREEMPTIVE RIGHTS (“NPR”)
PENAMBAHAN MODAL TANPA THROUGH ISSUANCE OF MANDATORY
HAK MEMESAN EFEK TERLEBIH CONVERTIBLE BONDS
DAHULU MELALUI PENERBITAN
Extraordinary General Meeting of Shareholders of
OBLIGASI WAJIB KONVERSI
PT Bakrie & Brothers Tbk (“The Company”)
Rapat Umum Pemegang Saham Luar Biasa PT Bakrie held on June 2, 2016 (“EGMS”) has approved
& Brothers Tbk (“Perseroan”) yang diadakan pada Capital Increase with Non Preemptive Rights
2 Juni 2016 (“RUPSLB”) menyetujui Penambahan (“NPR”) with adherence to OJK Rule No.38/
Modal Tanpa Hak Memesan Efek Terlebih Dahulu POJK.04/2014 through issuance of Mandatory
(“PMTHMETD”) sesuai dengan Peraturan OJK Convertible Bonds (“MCB”) and shares D series.
No.38/POJK.04/2014, melalui penerbitan Obligasi
Wajib Konversi (“OWK”) dan saham biasa seri D.
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Sebelum pelaksanaan RUPSLB, Perseroan telah Before conducting the EGMS, the Company
mengungkapkan rencana penerbitan OWK yang has disclosed its plan to issue MCB which
akan dikonversi dengan Saham Baru Perseroan will be converted into Company New Shares
yang dilakukan melalui mekanisme tanpa Hak through Non Preemptive Rights mechanism
Memesan Efek Terlebih Dahulu (“Rencana (“Transaction Plan”) by publishing Information
Transaksi”) dengan menerbitkan Informasi Kepada to Shareholders on April 26, 2016.
Pemegang Saham pada 26 April 2016.
The Company conducted capital increase with Non
Dalam hal ini Perseroan melaksanakan penambahan Preemptive Rights in accordance with POJK No.38/
modal tanpa memberikan HMETD sesuai dengan POJK.04/2014, specifically according to article 3 (b)
POJK No.38/POJK.04/2014, khususnya pada pasal that the Company has negative net working capital
3 (b) dimana Perseroan mempunyai modal kerja and has obligations greater than 80% of Company
bersih negatif dan mempunyai kewajiban melebihi assets at the time EGMS was conducted, or article
80% dari aset Perseroan pada saat RUPSLB 3 (c) that the Company is unable to avoid default
dilaksanakan, atau pasal 3 (c) dimana Perseroan on its obligations to a non-affiliated lender and if
tidak mampu memenuhi kewajiban keuangan pada such lender agrees to accept shares or convertible
saat jatuh tempo kepada pemberi pinjaman yang bonds of the Company in settlement of the loan.
tidak terafiliasi tersebut menyetujui untuk menerima
OWK untuk menyelesaikan pinjaman tersebut. The Company will issue MCB as much as
Rp990,692,339,000 where each MCB holder
Perseroan akan menerbitkan OWK sebesar will convert the MCB into Company New Shares
Rp990.692.339.000 dimana setiap pemegang through capital increase with NPR mechanism
OWK akan mengkonversi OWK menjadi Saham as much as 19,813,846,780 shares or equivalent
Baru Perseroan melalui mekanisme PMTHMETD to 17.45% of Company issued and fully paid
sebanyak 19.813.846.780 saham atau sebesar capital after the execution of Transaction Plan
17,45% dari modal ditempatkan dan disetor penuh with exercise price of Rp 50 with par value of
Perseroan setelah Rencana Transaksi dengan harga Rp50 per share. The period of MCB conversion
pelaksanaan sebesar Rp50 dengan nilai nominal is 5 (five) years since the MCB issuance date.
Rp50 per saham. Jangka waktu konversi OWK
adalah 5 (lima) tahun sejak tanggal penerbitan OWK. Transaction Plan is a Material Transaction,
however it was exempted from such definition
Rencana Transaksi merupakan Transaksi as regulated in Rule IX.E.2 and it was not an
Material namun dikecualikan sebagaimana Affiliated Transaction or Transaction with conflict
dimaksud dalam Peraturan IX.E.2 dan bukan of interests as described in Rule IX.E.1.
merupakan Transaksi Afiliasi atau Transaksi
yang mengandung benturan kepentingan Company’s debts that will be exchanged into
sebagaimana dimaksud dalam Peraturan IX.E.1. MCB are debts from the following creditors:
Utang Perseroan yang akan ditukarkan menjadi 1. Daley Capital Limited
OWK adalah utang dari para kreditur berikut: 2. Interventures Capital Pte Ltd
3. Smart Treasures Limited
1. Daley Capital Limited
4. Harus Capital Limited
2. Interventures Capital Pte Ltd
5. PT Maybank Kim Eng Securities
3. Smart Treasures Limited
4. Harus Capital Limited
Furthermore the aforementioned creditors became
5. PT Maybank Kim Eng Securities holders of MCB and are eligible to exercise
conversion of MCB into Company New Shares.
Selanjutnya para kreditur tersebut menjadi
pemegang OWK dan dapat melakukan konversi
atas OWK menjadi Saham Baru Perseroan.
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PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH NON
MEMESAN EFEK TERLEBIH DAHULU PREEMPTIVE RIGHTS (“NPR”) FIRST
TAHAP PERTAMA KONVERSI KESATU STAGE CONVERSION ONE
Pada tanggal 15 Desember 2016 PT Bakrie & On December 15, 2016 PT Bakrie & Brothers Tbk
Brothers Tbk telah melaksanakan PMTHMETD has executed capital increase with NPR through
melalui pelaksanaan konversi atas OWK dengan total conversion of MCB with total additional shares of
jumlah saham tambahan sebanyak 3.300.000.000 3,300,000,000 shares valued at Rp 50 per share.
saham senilai Rp 50 per saham. Adapun pihak yang The party that absorbed the shares was Daley
mengambil saham adalah Daley Capital Limited dan Capital Ltd and this addition of shares was carried
penambahan saham ini dilakukan Perseroan dalam out by the Company to restructure the Company’s
rangka restrukturisasi utang Perseroan kepada para debt to its creditors. Before the execution of capital
krediturnya. Sebelum pelaksanaan PMTHMETD modal increase with NPR the Company issued and fully
disetor dan ditempatkan Perseroan adalah sebesar paid capital was as much as 93,721,717,528 shares
93.721.717.528 saham dan setelah pelaksanaan and after the execution of capital increase with
PMTHMETD menjadi sebesar 97.021.717.528 saham. NPR its total increased to 97,021,717,528 shares.
PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH NON
MEMESAN EFEK TERLEBIH DAHULU PREEMPTIVE RIGHTS (“NPR”) FIRST
TAHAP PERTAMA KONVERSI KEDUA STAGE CONVERSION TWO
Pada tanggal 31 Maret 2017 PT Bakrie & Brothers Tbk On March 31, 2017 PT Bakrie & Brothers Tbk
telah melaksanakan PMTHMETD melalui pelaksanaan has executed capital increase with NPR through
konversi atas OWK dengan total jumlah saham conversion of MCB with total additional shares
tambahan sebanyak 16.458.094.820 saham dengan of 16,458,094,820 shares valued at Rp 50 per
harga nominal Rp 50 per saham. Adapun pihak yang share. The party that absorbed the shares was
mengambil saham adalah Daley Capital Limited yang Daley Capital Ltd which appointed PT Solusi Sarana
menunjuk PT Solusi Sarana Sejahtera, Interventures Sejahtera, Interventures Capital Pte Ltd, PT Maybank
Capital Pte Ltd, PT Maybank Kim Eng Securities, Harus Kim Eng Securities, Harus Capital Ltd, and Smart
Capital Ltd, dan Smart Treasures. Penambahan saham Treasures. This addition of shares was carried out
ini dilakukan Perseroan dalam rangka restrukturisasi by the Company to restructure the Company’s debt
utang Perseroan kepada para krediturnya n. to its creditors. Before the execution of capital
Sebelum pelaksanaan PMTHMETD modal disetor increase with NPR the Company issued and fully
dan ditempatkan Perseroan adalah sebesar paid capital was as much as 97,021,717,528 shares
97.021.717.528 saham dan setelah pelaksanaan and after the execution of capital increase with
PMTHMETD menjadi sebesar 113.479.812.348 saham. NPR its total increased to 113,479,812,348 shares.
PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH NON
MEMESAN EFEK TERLEBIH DAHULU PREEMPTIVE RIGHTS (“NPR”) FIRST
TAHAP PERTAMA KONVERSI KETIGA STAGE CONVERSION THREE
Pada tanggal 12 September 2017 PT Bakrie & On September 12, 2017 PT Bakrie & Brothers Tbk
Brothers Tbk telah melaksanakan PMTHMETD melalui has executed capital increase with NPR through
pelaksanaan konversi atas OWK dengan total jumlah conversion of MCB with total additional shares of
saham tambahan sebanyak 55.751.960 saham senilai 55,751,960 shares valued at Rp 50 per share. The
Rp 50 per saham. Adapun pihak yang mengambil party that absorbed the shares was PT Solusi Sarana
saham adalah PT Solusi Sarana Sejahtera dan Sejahtera and this addition of shares was carried
penambahan saham ini dilakukan Perseroan dalam out by the Company to restructure the Company’s
rangka restrukturisasi utang Perseroan kepada para debt to its creditors. Before the execution of capital
krediturnya. Sebelum pelaksanaan PMTHMETD modal increase with NPR the Company issued and fully
disetor dan ditempatkan Perseroan adalah sebesar paid capital was as much as 113,479,812,348 shares
113.479.812.348 saham dan setelah pelaksanaan and after the execution of capital increase with NPR
PMTHMETD menjadi sebesar 113.535.564.308 saham. its total increased to 113,535,564,308 shares.
346
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PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH NON
MEMESAN EFEK TERLEBIH DAHULU PREEMPTIVE RIGHTS (“NPR”) SECOND
TAHAP KEDUA KONVERSI KESATU STAGE CONVERSION ONE
Pada tanggal 3 April 2018 PT Bakrie & Brothers Tbk On April 3, 2018 PT Bakrie & Brothers Tbk has
telah melaksanakan PMTHMETD melalui pelaksanaan executed capital increase with NPR through
konversi atas OWK dan penerbitan saham biasa seri conversion of MCB and issuance of ordinary shares
D dengan total jumlah saham tambahan sebanyak D series with total additional shares of 7,624,865,069
7.624.865.069 saham senilai Rp 50 per saham. shares valued at Rp 50 per share. The party that
Adapun pihak yang mengambil saham adalah PT absorbed the shares was PT Solusi Sarana Sejahtera
Solusi Sarana Sejahtera dan Merril Lynch International, and Merril Lynch International, this addition of shares
penambahan saham ini dilakukan Perseroan dalam was carried out by the Company to restructure the
rangka restrukturisasi utang Perseroan kepada para Company’s debt to its creditors. Before the execution
krediturnya. Sebelum pelaksanaan PMTHMETD modal of capital increase with NPR the Company issued and
disetor dan ditempatkan Perseroan adalah sebesar fully paid capital was as much as 113,535,564,308
113.535.564.308 saham dan setelah pelaksanaan shares and after the execution of capital increase with
PMTHMETD menjadi sebesar 121.160.429.377 saham. NPR its total increased to 121,160,429,377 shares.
PENAMBAHAN MODAL TANPA CAPITAL INCREASE WITH NON
HAK MEMESAN EFEK TERLEBIH PREEMPTIVE RIGHTS (“NPR”)
DAHULU DAN PERUBAHAN NILAI AND CHANGE IN SHARE PAR
NOMINAL SAHAM YANG DILAKUKAN VALUE THROUGH REDUCTION
DENGAN PENGURANGAN JUMLAH OF TOTAL OUTSTANDING
SAHAM (REVERSE STOCK) SHARES (REVERSE STOCK)
Upaya Perseroan untuk merestrukturisasi utang The Company’s effort to restructure its
Perseroan masih dilanjutkan selama tahun 2018. debt continues throughout 2018.
Rapat Umum Pemegang Saham Luar Biasa PT Bakrie Extraordinary General Meeting of Shareholders of PT
& Brothers Tbk (“Perseroan”) yang diadakan pada Bakrie & Brothers Tbk (“The Company”) held on April
27 April 2018 (“RUPSLB”) menyetujui Penambahan 27, 2018 (“EGMS”) has approved Capital Increase with
Modal Tanpa Hak Memesan Efek Terlebih Dahulu Non Preemptive Rights (“NPR”) with adherence to
(“PMTHMETD”) sesuai dengan Peraturan OJK No.38/ OJK Rule No.38/POJK.04/2014 through issuance of
POJK.04/2014, melalui penerbitan 72 (tujuh puluh 72 (seventy two) shares C series with par value of Rp
dua) saham seri C dengan nilai nominal Rp 114 per 114 per share and issuance of 551 (five hundred fifty
saham dan penerbitan 551 (lima ratus lima puluh one) shares D series with par value of Rp 50 per share,
satu) saham seri D dengan nilai nominal Rp 50 therefore total fund raised from NPR was as much as
per saham, sehingga total dana dari PMTHMETD Rp 71,002. The NPR execution plan was Company’s
adalah sejumlah Rp 71.002. Rencana pelaksanaan action to avoid odd-share potential resulting from
PMTHMETD ini merupakan tindakan Perseroan untuk implementation of Company Reverse Stock.
menghindari adanya potensi terjadinya saham odd-
share dari pelaksanaan Reverse Stock Perseroan. The EGMS held on April 27, 2018 also approved
implementation of Reverse Stock with adherence to
RUPSLB yang diadakan pada 27 April 2018 juga prevailing Capital Market regulations which include
menyetujui pelaksanaan Reverse Stock sesuai Decisions of the Board of Directors of the Indonesia
dengan ketentuan Pasar Modal yang berlaku Stock Exchange Inc. (“BEI”) Kep-00001/BEI/01-2014
termasuk Surat Keputusan Direksi PT Bursa Efek Rule of Securities Listing Number I-A concerning
Indonesia (“BEI”) Kep-00001/BEI/01-2014 Peraturan General Regulations on Listing of Equity-Type
Pencatatan Efek Nomor I-A tentang Ketentuan Securities in Stock Exchange (Attachment to the
Umum Pencatatan Efek Bersifat Ekuitas di Bursa Decisions of the Board of Directors of the Jakarta
(Lampiran Keputusan Direksi PT Bursa Efek Jakarta Stock Exchange Inc. No: Kep-305/BEI/07-2004 dated
Nomor: Kep-305/BEI/07-2004 tanggal 19 Juli 2004). July 19, 2004). The rationale of the Reverse Stock
Latar belakang pelaksanaan Reverse Stock adalah implementation was fulfillment of a prerequisite
salah satu kondisi yang harus dilakukan Perseroan condition for Company debt restructuring process.
dalam proses restrukturisasi utang Perseroan.
Before conducting the EGMS, the Company has
Sebelum pelaksanaan RUPSLB, Perseroan telah disclosed its plan to carry out capital increase
mengungkapkan rencana PMTHMETD dan Reverse with Non Preemptive Rights and Reverse Stock
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Stock (“Rencana Transaksi”) dengan menerbitkan (“Transaction Plan”) by publishing Information to
Informasi Kepada Pemegang Saham (IKPS) pada Shareholders (IKPS) on March 21, 2018, and then
21 Maret 2018, dan kemudian menerbitkan publishing Amendment of IKPS on April 25, 2018.
Perubahan Informasi Kepada Pemegang
Saham pada 25 April 2018. The Company executed capital increase with NPR
in accordance with POJK No.38/POJK.04/2014,
Dalam hal ini Perseroan melaksanakan penambahan particularly article 4 (1), that is the Company may
modal tanpa memberikan HMETD sesuai dengan increase its capital without giving preemptive rights
POJK No.38/POJK.04/2014, khususnya pada pasal to shareholders under the condition in the period of 2
4 (1) di mana Perseroan dapat menambah modal (two) years the aforementioned capital increase does
tanpa memberikan HMETD kepada pemegang not exceed 10% (ten percent) of fully paid capital.
saham dengan ketentuan jika dalam jangka waktu
2 (dua) tahun, penambahan modal tersebut paling The Company also amended its articles of association
banyak 10% (sepuluh persen) dari modal disetor. concerning authorized capital increase of D series
shares and change in share par value related with
Perseroan juga melakukan perubahan anggaran Reverse Stock. The Company increase authorized
dasar terkait peningkatan modal dasar saham seri D capital by as much as 8 (eight) D series shares to
dan perubahan nilai nominal terkait Reverse Stock. avoid odd share potential resulting from Reverse
Perseroan meningkatkan modal dasar sebanyak 8 Stock implementation. The new D series shares
(delapan) saham seri D untuk menghindari adanya from issuance of new shares with NPR are estimated
potensi odd share sebagai dampak dari pelaksanaan to be listed on IDX at the latest May 21, 2018.
Reverse Stock. Saham Baru seri D dari hasil penerbitan
saham baru tanpa HMETD diperkirakan telah The Company implemented Reverse Stock on
dicatatkan di BEI selambat-lambatnya 21 Mei 2018. all issued and fully paid Company shares. Every
10 (ten) shares with old par value will undergo
Perseroan melakukan Reverse Stock terhadap seluruh consolidation into 1 (one) share with new par value.
saham-saham Perseroan yang telah dikeluarkan dan The implementation of Reverse Stock will not
disetor penuh. Setiap 10 (sepuluh) saham dengan nilai cause changes to neither total of issued and fully
nominal lama akan mengalami perubahan menjadi paid capital nor authorized capital, however it may
1 (satu) saham dengan nilai nominal baru. Pelaksanaan change ownership structure if any of the odd lot
Reverse Stock ini tidak menyebabkan terjadinya shares are purchased by the standby buyer. After
perubahan terhadap jumlah modal ditempatkan dan the implementation of Reverse Stock, the Company
disetor penuh maupun modal dasar, namun akan will continue with the next corporate actions.
mengubah struktur kepemilikan bila ada saham-
saham odd lot yang dibeli oleh pembeli siaga. CAPITAL INCREASE WITH
Setelah pelaksanaan Reverse Stock, Perseroan akan NON PREEMPTIVE RIGHTS
melanjutkan dengan tindakan korporasi berikutnya. (“NPR”) THIRD STAGE
In accordance with resolution of EGMS held on
PENAMBAHAN MODAL TANPA
April 27, 2018, on May 21, 2018 PT Bakrie & Brothers
HAK MEMESAN EFEK TERLEBIH
Tbk has issued and listed new shares totaling at
DAHULU TAHAP KETIGA
72 ordinary shares C series with par value of Rp114
Sehubungan dengan hasil keputusan RUPSLB tanggal and 551 shares D series with par value of Rp50
27 April 2018, pada tanggal 21 Mei 2018 PT Bakrie & per share. Execution price of capital increase with
Brothers Tbk menerbitkan dan mencatatkan saham NPR was Rp114 per share. Capital increase with
baru sebanyak 72 saham biasa seri C dengan nilai NPR of the new shares was conducted on May
nominal Rp 114 dan sebanyak 551 saham seri D 21, 2018, with PT Bakrie Capital Indonesia acting
dengan nilai nominal Rp 50 per saham. Sedangkan as the standby buyer of the shares. Funds raised
harga pelaksanaan PMTHMETD adalah Rp 114 per from this addition of new shares will be used as
saham. PMTHMETD atas saham-saham baru tersebut additional working capital of the Company.
dilaksanakan pada
21 Mei 2018, dengan PT Bakrie Capital Before the execution of capital increase with
Indonesia bertindak sebagai pihak yang akan NPR the Company issued and fully paid capital
mengambil saham. Dana yang diperoleh dari was as much as 121.160.429.377 shares and after
penambahan saham baru ini akan digunakan the execution of capital increase with NPR its
sebagai tambahan modal kerja Perseroan. total increased to 121.160.430.000 shares.
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Sebelum pelaksanaan PMTHMETD modal disetor REVERSE STOCK IMPLEMENTATION
dan ditempatkan Perseroan adalah sebesar
On May 31, 2018, also as a follow up on resolution
121.160.429.377 saham dan setelah pelaksanaan
of EGMS held on April 27, 2018, the Company
PMTHMETD menjadi sebesar 121.160.430.000 saham.
announced total number of reverse stock shares
(issued and fully paid capital) to comply with Rule of
PELAKSANAAN REVERSE STOCK Securities Listing of the Indonesia Stock Exchange
Pada tanggal 31 Mei 2018, juga sebagai tindak Number: Kep-00001/BEI/01-2014, as follows:
lanjut dari hasil keputusan RUPSLB tanggal 27
April 2018, Perseroan mengumumkan jumlah
saham reverse stock (modal ditempatkan dan
disetor penuh) dalam rangka memenuhi Peraturan
Pencatatan PT Bursa Efek Indonesia Nomor:
Kep-00001/BEI/01/2014, sebagai berikut:
JUMLAH SAHAM SEBELUM JUMLAH SAHAM SETELAH
REVERSE STOCK REVERSE STOCK
SERI
NILAI NOMINAL NILAI NOMINAL (MODAL DITEMPATKAN (MODAL DITEMPATKAN
SAHAM
LAMA BARU DAN DISETOR PENUH) DAN DISETOR PENUH)
SHARE
OLD PAR VALUE NEW PAR VALUE TOTAL SHARES BEFORE TOTAL SHARES AFTER
SERIES
REVERSE STOCK REVERSE STOCK
(ISSUED AND FULLY PAID CAPITAL) (ISSUED AND FULLY PAID CAPITAL)
A Rp 2.850 Rp 28.500 193.752.000 19.375.200
B Rp 399 Rp 3.990 3.681.288.000 368.128.800
C Rp 114 Rp 1.140 89.846.677.600 8.984.667.760
D Rp 50 Rp 500 27.438.712.400 2.743.871.240
Total Jumlah Saham
121.160.430.000 12.116.043.000
Total Number of Shares
FAKTA MATERIAL TERKAIT UTANG MATERIAL FACTS RELATED TO COMPANY
PERSEROAN DAN PENAMBAHAN DEBT AND CAPITAL INCREASE WITH
MODAL TANPA HAK MEMESAN NON PREEMPTIVE RIGHTS (“NPR”)
EFEK TERLEBIH DAHULU On April 26, 2018 two transactions
Pada tanggal 26 April 2018 terjadi transaksi occurred, which are signing of Debt Transfer
penandatanganan Perjanjian Pengalihan Utang Agreement and Company Debt Settlement
dan Perjanjian Penyelesaian Utang Perseroan Agreement, with the following scheme:
dengan skema transaksi sebagai berikut:
1. Transfer of Company’s debt from
1. Pengalihan utang Perseroan dari Mitsubishi Corporation RtM Japan Ltd
Mitsubishi Corporation RtM Japan Ltd to Fountain City Investment Ltd;
kepada Fountain City Investment Ltd; 2. Settlement of the Company’s debt to
2. Penyelesaian utang Perseroan kepada Fountain City Investment Ltd by:
Fountain City Investment Ltd dengan cara: » Transfer of the Company’s assets in the form
» Penyerahan aset Perseroan berupa of PT Bumi Resources Tbk shares previously
saham PT Bumi Resources Tbk yang used as collateral to the credit facility granted
sebelumnya dijadikan jaminan pada by Mitsubishi Corporation RtM Japan Ltd.
fasilitas kredit yang diberikan oleh » Issuance of Mandatory Convertible Bonds
Mitsubishi Corporation RtM Japan Ltd. (MCB) to Fountain City Investment Ltd.
» Menerbitkan Obligasi Wajib Konversi (OWK) » Issuance of Company new shares
kepada Fountain City Investment Ltd. to Fountain City Investment Ltd.
» Menerbitkan saham baru Perseroan
kepada Fountain City Investment Ltd.
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Perseroan tidak memiliki hubungan afiliasi The Company does not have any affiliation
dengan kedua belah pihak yang melakukan relationship with both parties conducting
transaksi pengalihan utang tersebut di atas. the aforementioned debt transfer.
Pada tanggal 23 Mei 2018 terjadi transaksi On May 23, 2018 two transactions occurred, which
penandatanganan Mutual Investment are signing of Mutual Investment Agreement and
Agreement dan Loan Agreement dengan Loan Agreement, with the following scheme:
skema transaksi sebagai berikut:
1. Mutual Investment Agreement
1. Mutual Investment Agreement » Between Company as investor and
» Antara Perseroan selaku investor dan Fitzroy Offshore Ltd as investee;
Fitzroy Offshore Ltd selaku investee; » Company does not have any affiliation
» Perseroan maupun Fitzroy Offshore relationship with Fitzroy Offshore Ltd;
Ltd tidak memiliki hubungan afiliasi; » This agreement was investment agreement
» Perjanjian ini merupakan perjanjian investasi from Company to Fitzroy Offshore Ltd;
dari Perseroan kepada Fitzroy Offshore Ltd; » Investment value amounted
» Nilai investasi adalah sebesar to US$416,061,000; and
US$416.061.000; dan » Company bind itself with investee in the form
» Perseroan mengikatkan diri dengan investee of option to sell asset which is 806,595,000
dalam bentuk opsi untuk menjual aset berupa shares of PT Bumi Resources Tbk (“BUMI
806.595.000 saham PT Bumi Resources Tbk Shares”) owned by Company until all
(“Saham BUMI”) yang dimiliki oleh Perseroan conditions has been fulfilled under the
sehingga apabila kondisi yang disyaratkan agreement, Company shall has the rights to
dalam perjanjian terpenuhi maka Perseroan receive the same amount of initial investment
dapat memperoleh kembali sejumlah nilai and in return as consequence Company had
investasi awal ditambah keuntungan hasil to transfer BUMI Shares to the investee.
investasi dan Perseroan wajib menyerahkan
Saham BUMI kepada investee.
2. Loan Agreement
» Between Company as debtor and
2. Loan Agreement Levoca Enterprise Ltd as creditor;
» Antara Perseroan selaku debitur dan » Company does not have any affiliation
Levoca Enterprise Ltd selaku kreditur; relationship with Levoca Enterprise Ltd ;
» Perseroan maupun Levoca Enterprise » This agreement was loan agreement from
Ltd tidak memiliki hubungan afiliasi; Levoca Enterprise Ltd to Company;
» Perjanjian ini merupakan perjanjian pinjaman » Loan value amounted to US$416,061,000;
dari Levoca Enterprise Ltd kepada Perseroan;
» Company obtain loan from creditor to
» Nilai pinjaman adalah sebesar invest in Mutual Investment Agreement
US$416.061.000; described in point 1 above and such loan
» Perseroan memperoleh pinjaman dari will be converted into Company equity.
kreditur untuk melakukan investasi
dalam Mutual Investment Agreement Extraordinary General Meeting of Shareholders of
sebagaimana yang dijelaskan dalam PT Bakrie & Brothers Tbk (“The Company”) held
poin 1 di atas dan hutang tersebut akan on November 21, 2018 (“EGMS”) has approved the
dikonversi menjadi saham Perseroan. plan to convert some parts of Company’s debt into
New Shares and/or Mandatory Convertible Bond
Rapat Umum Pemegang Saham Luar Biasa PT Bakrie (MCB) which can be converted into Company’s
& Brothers Tbk (“Perseroan”) yang diadakan pada new shares through Capital Increase with Non
21 November 2018 (“RUPSLB”) menyetujui rencana Preemptive Rights (“Transaction Plan”) with
konversi sebagian utang Perseroan menjadi Saham adherence to OJK Rule No.38/POJK.04/2014.
Baru dan/atau Obligasi Wajib Konversi (OWK) yang
dapat dikonversi menjadi saham baru Perseroan yang The EGMS was previously planned on October
dilakukan melalui Penambahan Modal Tanpa Hak 26, 2018 and it was postponed after the Company
Memesan Efek Terlebih Dahulu (“Rencana Transaksi”) received a letter from the Financial Services
sesuai dengan Peraturan OJK No.38/POJK.04/2014.
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Pelaksanaan RUPSLB tersebut diundur dari semula Authority (OJK) No: S-2391/PM.2/2018 dated
tanggal 26 Oktober 2018 setelah Perseroan October 25, 2018 which stated the Company
menerima surat Otoritas Jasa Keuangan No: S-2391/ may not conduct the EGMS on October 26, 2018.
PM.2/2018 tanggal 25 Oktober 2018 yang menyatakan Therefore the Company republished the Information
bahwa Perseroan tidak dapat melaksanakan RUPS to Shareholders (IKPS) concerning the Transaction
pada tanggal 26 Oktober 2018. Oleh sebab itu Plan on November 16, 2018; previously the IKPS
Perseroan menerbitkan kembali Informasi Kepada has been published on November 19, 2018.
Pemegang Saham (IKPS) terkait rencana transaksi
pada tanggal 16 November 2018, sebelumnya IKPS The Transaction Plan was carried out to restructure
tersebut telah diterbitkan pada 19 November 2018. Company’s debt from Company’s Creditor totaling
at Rp9,384,250,081,825 which will be done through
Rencana Transaksi dilakukan untuk menyelesaikan conversion of Company’s debt into New Shares as
utang Perseroan kepada Kreditur Perseroan much as 8,655,934,00 shares and issuance of MCB
sebesar Rp9.384.250.081.825 yang dilakukan which can be converted into Company’s New Shares
dengan mengkonversi utang Perseroan tersebut as much as 137,972,973,300 shares. Total number
menjadi Saham Baru sebanyak 8.655.934.000 dan of New Shares as a result of either direct conversion
menerbitkan OWK yang dapat dikonversi menjadi or MCB conversion is as much as 146,628,907,300
Saham Baru Perseroan sebanyak 137.972.973.300 shares or equivalent to 92.37% of Company issued
saham. Saham Baru hasil konversi baik secara and fully paid capital after the execution of Transaction
langsung maupun melalui hasil konversi OWK adalah Plan with exercise price of Rp64 with par value of
sebanyak 146.628.907.300 saham atau sebesar 92,37% Rp64 per share. The period of MCB conversion
dari modal ditempatkan dan disetor penuh Perseroan is 5 (five) years since the MCB issuance date.
setelah terjadinya Rencana Transaksi dengan harga
pelaksanaan sebesar Rp64 dengan nilai nominal The issuance of New Shares and/or Company MCB
Rp64 per saham. Jangka waktu konversi OWK adalah was conducted in accordance with POJK No.38/
5 (lima) tahun sejak tanggal penerbitan OWK. POJK.04/2014 article 3 (b), that is the Company
currently has negative net working capital and
Penerbitan Saham Baru dan/atau OWK Perseroan has obligations greater than 80% of Company
dilakukan dengan merujuk pada POJK No.38/ assets at the time EGMS approved increase of
POJK.04/2014 pasal 3 (b), yaitu saat ini Perseroan capital with Non Preemptive Rights (NPR).
mempunyai modal kerja bersih negatif dan mempunyai
kewajiban melebihi 80% dari aset Perseroan pada Transaction Plan is a Material Transaction,
saat RUPS menyetujui Penambahan Modal Tanpa however it was exempted from such definition
Hak Memesan Efek Terlebih Dahulu (PMTHMETD). as regulated in Rule IX.E.2 and it was not an
Affiliated Transaction or Transaction with conflict
Rencana Transaksi merupakan Transaksi of interests as described in Rule IX.E.1.
Material namun dikecualikan sebagaimana
dimaksud dalam Peraturan IX.E.2 dan bukan Company’s debts that will be exchanged into
merupakan Transaksi Afiliasi atau Transaksi MCB are debts from the following creditors:
yang mengandung benturan kepentingan
sebagaimana dimaksud dalam Peraturan IX.E.1. 1. Fountain City Investment Ltd (“FCIL”)
2. Levoca Enterprise Ltd (“Levoca”)
Utang Perseroan yang akan ditukarkan menjadi
3. Daley Capital Limited (“Daley”)
OWK adalah utang dari para kreditur berikut:
1. Fountain City Investment Ltd (“FCIL”) Furthermore the aforementioned creditors became
holders of MCB and are eligible to exercise
2. Levoca Enterprise Ltd (“Levoca”)
conversion of MCB into Company New Shares.
3. Daley Capital Limited (“Daley”)
Selanjutnya para kreditur tersebut menjadi
pemegang OWK dan dapat melakukan konversi
atas OWK menjadi Saham Baru Perseroan.
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PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH NON
MEMESAN EFEK TERLEBIH DAHULU PREEMPTIVE RIGHTS (“NPR”) FOURTH
TAHAP KEEMPAT KONVERSI KESATU STAGE CONVERSION ONE
Sehubungan dengan hasil keputusan RUPSLB tanggal In accordance with resolution of EGMS held on
21 November 2018, pada tanggal 12 Desember November 21, 2018, on December 12, 2018 PT Bakrie
2018 PT Bakrie & Brothers Tbk telah melaksanakan & Brothers Tbk has executed increase of issued
penambahan jumlah modal disetor dan ditempatkan and fully paid capital by issuing new shares E series
dengan mengeluarkan saham baru seri E sejumlah totaling at 8,655,934,000 shares with par value of
8.655.934.000 saham dengan nilai nominal Rp64 per Rp64 per share through capital increase with NPR.
saham melalui mekanisme PMTHMETD. Pihak yang The parties that absorbed the shares were Fountain
mengambil saham adalah Fountain City Investment City Investment Ltd and Daley Capital Ltd, and this
Ltd dan Daley Capital Ltd, dan penambahan saham addition of shares was carried out by the Company
ini dilakukan Perseroan dalam rangka restrukturisasi to restructure the Company’s debt to its creditors.
utang Perseroan kepada para krediturnya.
Before the execution of capital increase with
Sebelum pelaksanaan PMTHMETD, jumlah NPR the Company issued and fully paid capital
saham yang disetor dan ditempatkan was as much as 12,116,043,000 shares and
Perseroan adalah sebesar 12.116.043.000 after the execution of capital increase with
saham dan setelah pelaksanaan PMTHMETD NPR its total increased to 20,771,977,000
menjadi sebesar 20.771.977.000 saham shares with par value of Rp64 per share.
dengan nilai nominal Rp 64 per saham.
CAPITAL INCREASE WITH NON
PENAMBAHAN MODAL TANPA HAK PREEMPTIVE RIGHTS (“NPR”) SECOND
MEMESAN EFEK TERLEBIH DAHULU STAGE CONVERSION TWO
TAHAP KEDUA KONVERSI KEDUA
On February 27, 2019 PT Bakrie & Brothers Tbk
Pada tanggal 27 Februari 2019 PT Bakrie & Brothers has executed capital increase with NPR through
Tbk telah melaksanakan PMTHMETD melalui conversion of MCB and issuance of ordinary
pelaksanaan konversi atas OWK dan penerbitan shares D series with total additional shares of
saham biasa seri D dengan total jumlah saham 91,076,480 shares valued at Rp 500 per share. The
tambahan sebanyak 91.076.480 saham senilai Rp 500 party that absorbed the shares was OL Master
per saham. Adapun pihak yang mengambil saham Limited, this addition of shares was carried out by
adalah OL Master Limited, penambahan saham ini the Company to restructure the Company’s debt
dilakukan Perseroan dalam rangka restrukturisasi to its creditors. Before the execution of capital
utang Perseroan kepada para krediturnya. increase with NPR the Company issued and
Sebelum pelaksanaan PMTHMETD modal disetor fully paid capital was as much as 20,771,977,000
dan ditempatkan Perseroan adalah sebesar shares and after the execution of capital increase
20.771.977.000 saham dan setelah pelaksanaan with NPR its total increased to 20,863,053,480
PMTHMETD menjadi sebesar 20.863.053.480 shares with par value of Rp 500 per share.
saham dengan nilai nominal Rp 500 per saham.
CHANGES IN CAPITAL STRUCTURE
PERUBAHAN STRUKTUR PERMODALAN DUE TO CAPITAL INCREASE WITH
DALAM RANGKA PENAMBAHAN NON PREEMPTIVE RIGHTS (“NPR”)
MODAL TANPA HAK MEMESAN EFEK
Addition of shares D series totaling at 91,076,480
TERLEBIH DAHULU (PMTHMETD) shares with total nominal value of Rp 45,538,240,000
Penambahan saham Seri D sebesar 91.076.480 lembar as a result of execution of capital increase with NPR
dengan nilai nominal seluruhnya sebesar Second Stage Conversion Two as announced by
Rp 45.538.240.000 yang merupakan hasil Indonesian Stock Exchange through announcement
pelaksanaan PMTHMETD Tahap Kedua Konversi No. Peng-P-00050/BEI.PP1/02-2019 dated February
Kedua diumumkan oleh Bursa Efek Indonesia melalui 26, 2019 based on information as delivered by
pengumuman No. Peng-P-00050/BEI.PP1/02-2019 Securities Administration Bureau, namely PT EDI
tertanggal 26 Februari 2019 berdasarkan informasi INDONESIA through letter No. 1753/DO4-EDII/
yang disampaikan Biro Administrasi Efek, yaitu HM.390/02/2019 dated February 26, 2019.
PT EDI INDONESIA melalui surat No.1753/DO4-EDII/
HM.390/02/2019 tertanggal 26 Februari 2019.
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Para pemegang saham telah menyetujui The shareholders have approved the capital
PMTHMETD sesuai dengan Peraturan OJK No.38/ increase with NPR in accordance with POJK No.38/
POJK.04/2014 melalui mekanisme pengeluaran POJK.04/2014 through issuance of Company new
saham baru Perseroan dan obligasi wajib konversi shares and mandatory convertible bonds (MCB) as
sebagaimana dinyatakan dalam Akta Pernyataan stated in the Meeting Resolution Deed of PT Bakrie &
Keputusan Rapat PT Bakrie & Brothers Tbk No.83 Brothers Tbk No.83 dated March 20, 2019, therefore
tertanggal 20 Maret 2019, sehingga mengubah the Company capital structure has changed as follow.
struktur permodalan Perseroan sebagai berikut.
SEBELUM PMTHMETD TAHAP SETELAH PMTHMETD TAHAP
KEDUA KONVERSI KEDUA (MODAL KEDUA KONVERSI KEDUA (MODAL
NILAI DITEMPATKAN DAN DISETOR PENUH) DITEMPATKAN DAN DISETOR PENUH)
SERI BEFORE CAPITAL INCREASE WITH NPR AFTER CAPITAL INCREASE WITH NPR
NOMINAL
SAHAM SECOND STAGE CONVERSION TWO SECOND STAGE CONVERSION TWO
SHARE
PER SAHAM
PAR VALUE (ISSUED AND FULLY PAID CAPITAL) (ISSUED AND FULLY PAID CAPITAL)
SERIES
PER SHARE JUMLAH SAHAM
JUMLAH SAHAM NILAI NOMINAL NILAI NOMINAL
NUMBER OF
NUMBER OF SHARES NOMINAL VALUE NOMINAL VALUE
SHARES
A Rp 28.500 19.375.200 Rp 552.193.200.000 19.375.200 Rp 552.193.200.000
B Rp 3.990 368.128.800 Rp 1.468.833.912.000 368.128.800 Rp 1.468.833.912.000
C Rp 1.140 8.984.667.760 Rp 10.242.521.246.400 8.984.667.760 Rp 10.242.521.246.400
D Rp 500 2.743.871.240 Rp 1.371.935.620.000 2.834.947.720 Rp 1.417.473.860.000
E Rp 64 8.655.934.000 Rp 553.979.776.000 8.655.934.000 Rp 553.979.776.000
Total 20.771.977.000 Rp 14.189.463.754.400 20.863.053.480 Rp 14.235.001.994.400
PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH NON
MEMESAN EFEK TERLEBIH DAHULU PREEMPTIVE RIGHTS (“NPR”) SECOND
TAHAP KEDUA KONVERSI KETIGA STAGE CONVERSION THREE
Pada tanggal 29 Maret 2021 PT Bakrie & Brothers Tbk On March 29, 2021 PT Bakrie & Brothers Tbk
telah melaksanakan PMTHMETD melalui pelaksanaan has executed capital increase with NPR through
konversi atas OWK dan penerbitan saham biasa seri conversion of MCB and issuance of ordinary shares D
D dengan total jumlah saham tambahan sebanyak series with total additional shares 297,811,781 shares
297.811.781 saham senilai Rp 500 per saham. Adapun valued at Rp 500 per share. The party that absorbed
pihak yang mengambil saham adalah OL Master the shares was OL Master (Singapore Fund 1) Pte.
(Singapore Fund 1) Pte. Limited, OCP Asia Fund III (SF 1) Limited, OCP Asia Fund III (SF 1) Pte. Limited, and OCP
Pte. Limited, dan OCP Asia Fund IV (SF 1) Pte. Limited, Asia Fund IV (SF 1) Pte. Limited, this addition of shares
penambahan saham ini dilakukan Perseroan dalam was carried out by the Company to restructure the
rangka restrukturisasi utang Perseroan kepada para Company’s debt to its creditors. Before the execution
krediturnya. Sebelum pelaksanaan PMTHMETD modal of capital increase with NPR the Company issued and
disetor dan ditempatkan Perseroan adalah sebesar fully paid capital was as much as 20,863,053,480
20.863.053.480 saham dan setelah pelaksanaan shares and after the execution of capital increase
PMTHMETD menjadi sebesar 21.160.865.261 saham. with NPR its total increased to 21,160,865,261 shares.
PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH NON
MEMESAN EFEK TERLEBIH DAHULU PREEMPTIVE RIGHTS (“NPR”) SECOND
TAHAP KEDUA KONVERSI KEEMPAT STAGE CONVERSION FOUR
Pada tanggal 23 Desember 2022 PT Bakrie & On December 23, 2022 PT Bakrie & Brothers
Brothers Tbk telah melaksanakan PMTHMETD Tbk has executed capital increase with NPR
melalui pelaksanaan konversi atas OWK dan through conversion of MCB and issuance of
penerbitan saham biasa seri D dengan total ordinary shares D series with total additional
jumlah saham tambahan sebanyak: 923.618.948 shares 923,618,948 shares valued at Rp 500 per
saham senilai Rp 500 per saham. Adapun share. The party that absorbed the shares was:
pihak yang mengambil saham adalah:
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1. FCT FFM Limited 1. FCT FFM Limited
2. De Shaw Oculus International Inc 2. De Shaw Oculus International Inc
3. Abraham Capital Limited 3. Abraham Capital Limited
4. PT Sinarmas Sekuritas 4. PT Sinarmas Sekuritas
5. Amsterdam Trade Bank N.V. 5. Amsterdam Trade Bank N.V.
6. ICE 1: EM CLO Ltd. 6. ICE 1: EM CLO Ltd.
7. JP Morgan Chase Retirement Plan 7. JP Morgan Chase Retirement Plan
8. ICE Focus EM Distressed Master Fund 8. ICE Focus EM Distressed Master Fund
Designated Activity Company Designated Activity Company
9. ICE Global Credit (DCAM) Master Fund 9. ICE Global Credit (DCAM) Master Fund
Designated Activity Company Designated Activity Company
10. ICE Global Credit Alpha Master Fund 10. ICE Global Credit Alpha Master Fund
Designated Activity Company Designated Activity Company
11. ICE Oryx Alpha Master Fund 11. ICE Oryx Alpha Master Fund
Designated Company Designated Company
12. Pioneer Diversified High Income Trust 12. Pioneer Diversified High Income Trust
13. Pioneer Global High Yield Fund 13. Pioneer Global High Yield Fund
14. Pioneer High Income Trust 14. Pioneer High Income Trust
15. Pioneer Strategic Income Fund 15. Pioneer Strategic Income Fund
16. Stone Harbor Investment Funds PLC, Stone 16. Stone Harbor Investment Funds PLC, Stone
Harbor Emerging Markets Corporate Fund Harbor Emerging Markets Corporate Fund
17. Stone Harbor Emerging Markets Debt Fund 17. Stone Harbor Emerging Markets Debt Fund
18. Stone Harbor Investment Emerging 18. Stone Harbor Investment Emerging
Markets Income Fund Markets Income Fund
19. Stone Harbor Investment Funds PLC - Stone 19. Stone Harbor Investment Funds PLC - Stone
Harbor Emerging Markets Debt Fund Harbor Emerging Markets Debt Fund
Penambahan saham ini dilakukan Perseroan dalam This addition of shares was carried out by the
rangka restrukturisasi utang Perseroan kepada para Company to restructure the Company’s debt to its
krediturnya. Sebelum pelaksanaan PMTHMETD modal creditors. Before the execution of capital increase
disetor dan ditempatkan Perseroan adalah sebesar with NPR the Company issued and fully paid
21.160.865.261 saham dan setelah pelaksanaan capital was as much as 21,160,865,261 shares and
PMTHMETD menjadi sebesar 22.084.484.209 saham. after the execution of capital increase with NPR
its total increased to 22,084,484,209 shares.
PENAMBAHAN MODAL TANPA HAK
MEMESAN EFEK TERLEBIH DAHULU CAPITAL INCREASE WITH NON
TAHAP KEEMPAT KONVERSI KEDUA PREEMPTIVE RIGHTS (“NPR”) FOURTH
STAGE CONVERSION TWO
Sehubungan dengan hasil keputusan RUPSLB tanggal
21 November 2018, pada tanggal 29 November In accordance with resolution of EGMS held on
2023 PT Bakrie & Brothers Tbk telah melaksanakan November 21, 2018, on November 29, 2023 PT
penambahan jumlah modal disetor dan ditempatkan Bakrie & Brothers Tbk has executed increase of
dengan mengeluarkan saham biasa seri E sejumlah issued and fully paid capital by issuing ordinary
99.527.840.300 saham dengan nilai nominal Rp64 per shares E series totaling at 99,527,840,300 shares
saham melalui mekanisme PMTHMETD. Pihak yang with par value of Rp64 per share through capital
mengambil saham adalah Levoca Enterprise Ltd, Port increase with NPR. The parties that absorbed the
Fraser International Ltd, dan PT Prima Elok Makmur. shares were Levoca Enterprise Ltd, Port Fraser
International Ltd, dan PT Prima Elok Makmur.
Penambahan saham ini dilakukan Perseroan
dalam rangka restrukturisasi utang Perseroan This addition of shares was carried out by the
kepada para krediturnya. Sebelum pelaksanaan Company to restructure the Company’s debt
PMTHMETD, jumlah saham yang disetor to its creditors. Before the execution of capital
dan ditempatkan Perseroan adalah sebesar increase with NPR the Company issued and fully
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22.084.484.209 saham dan setelah pelaksanaan paid capital was as much as 22,084,484,209
PMTHMETD menjadi sebesar 121.612.324.509 shares and after the execution of capital increase
saham dengan nilai nominal Rp 64 per saham. with NPR its total increased to 121,612,324,509
shares with par value of Rp64 per share.
PENAMBAHAN MODAL TANPA HAK
MEMESAN EFEK TERLEBIH DAHULU CAPITAL INCREASE WITH NON
TAHAP KEEMPAT KONVERSI KETIGA PREEMPTIVE RIGHTS (“NPR”) FOURTH
Sehubungan dengan hasil keputusan RUPSLB STAGE CONVERSION THREE
tanggal 21 November 2018, pada tanggal 8 In accordance with resolution of EGMS held on
Desember 2023 PT Bakrie & Brothers Tbk telah November 21, 2018, on December 8, 2023 PT
melaksanakan penambahan jumlah modal disetor Bakrie & Brothers Tbk has executed increase of
dan ditempatkan dengan mengeluarkan saham issued and fully paid capital by issuing ordinary
biasa seri E sejumlah 38.445.133.000 saham shares E series totaling at 38,445,133,000 shares
dengan nilai nominal Rp64 per saham melalui with par value of Rp64 per share through capital
mekanisme PMTHMETD. Pihak yang mengambil increase with NPR. The parties that absorbed
saham adalah Fountain City Investment Ltd. the shares were Fountain City Investment Ltd.
Penambahan saham ini dilakukan Perseroan This addition of shares was carried out by the
dalam rangka restrukturisasi utang Perseroan Company to restructure the Company’s debt
kepada para krediturnya. Sebelum pelaksanaan to its creditors. Before the execution of capital
PMTHMETD, jumlah saham yang disetor increase with NPR the Company issued and fully
dan ditempatkan Perseroan adalah sebesar paid capital was as much as 121,612,324,509
121.612.324.509 saham dan setelah pelaksanaan shares and after the execution of capital increase
PMTHMETD menjadi sebesar 160.057.457.509 with NPR its total increased to 160,057,457,509
saham dengan nilai nominal Rp 64 per saham. shares with par value of Rp64 per share.
PERUBAHAN STRUKTUR PERMODALAN CHANGES IN CAPITAL STRUCTURE
DALAM RANGKA PENURUNAN MODAL IN THE CONTEXT OF DECREASING
DASAR, MODAL DITEMPATKAN DAN THE AUTHORIZED CAPITAL, ISSUED
DISETOR PERSEROAN SEBAGAI AND PAID-UP CAPITAL OF THE
KONSEKUENSI PELAKSANAAN COMPANY AS A CONSEQUENCE
KUASI REORGANISASI OF THE IMPLEMENTATION OF
Para pemegang saham telah menyetujui pengurangan THE QUASI REORGANIZATION
modal dasar, modal ditempatkan dan disetor The shareholders have approved the reduction of the
Perseroan sebagai konsekuensi pelaksanaan authorized capital, issued and paid-up capital of the
Kuasi Reorganisasi Perseroan yang telah disetujui Company as a consequence of the implementation
pelaksanaanya dalam Rapat Pemegang Saham Luar of the Company’s Quasi Reorganization which
Biasa (RUPSLB) yang diselenggarakan pada hari was approved at the Extraordinary Meeting of
Jumat, tanggal 21 Juni 2024, sebagaimana dinyatakan Shareholders (EGMS) held on Friday, June 21, 2024,
dalam Akta Pernyataan Keputusan Rapat PT Bakrie as stated in the Deed of Meeting Resolution of PT
& Brothers Tbk No.23 tertanggal 5 Juli 2024. Bakrie & Brothers Tbk No.23 dated July 5, 2024.
Penurunan modal dasar, ditempatkan dan disetor The decrease in the authorized, issued and
Perseroan dilakukan dengan cara menurunkan paid-up capital of the Company was carried
nilai nominal saham secara proporsional dan out by reducing the nominal value of shares
pembulatan desimal kebawah dari masing-masing proportionally and rounding down decimals from
seri saham Perseroan yakni sebagai berikut: each series of shares of the Company as follows:
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1. Saham Seri A dari semula Rp28.500 per 1. Series A shares from Rp28,500 per
saham menjadi Rp5.687 per saham; share to Rp5,687 per share;
2. Saham Seri B dari semula Rp3.990 per 2. Series B shares from Rp3,990 per
saham menjadi Rp796 per saham; share to Rp796 per share;
3. Saham Seri C dari semula Rp1.140 per 3. Series C shares from Rp 1,140 per
saham menjadi Rp227 per saham; share to Rp 227 per share;
4. Saham Seri D dari semula Rp500 per 4. Series D shares from Rp500 per
saham menjadi Rp99 per saham; share to Rp99 per share;
5. Saham Seri E dari semula Rp64 per 5. Series E shares from Rp64 per
saham menjadi Rp12 per saham; share to Rp12 per share;
Dengan adanya penurunan modal dasar, ditempatkan With the decrease in the authorized, issued and
dan modal disetor Perseroan sebagaimana paid-up capital of the Company as referred to above,
dimaksud di atas, maka struktur permodalan the Company’s capital structure will be as follows:
Perseroan akan menjadi sebagai berikut:
NILAI
NOMINAL JUMLAH NILAI NOMINAL
SUSUNAN PERMODALAN JUMLAH SAHAM %
NOMINAL TOTAL NOMINAL VALUE
CAPITAL STRUCTURE NUMBER OF SHARES
VALUE (RP)
(RP)
MODAL DASAR | BASIC CAPITAL
Saham Seri A | Series A Shares 5.687 77.500.800 440.747.049.600 0,03
Saham Seri B | Series B Shares 796 368.128.800 293.030.524.800 0,13
Saham Seri C | Series C Shares 227 8.984.667.760 2.039.519.581.520 3,06
Saham Seri D | Series D Shares 99 51.285.282.796 5.077.242.996.804 17,46
Saham Seri E | Series E Shares 12 233.000.000.000 2.796.000.000.000 79,33
Jumlah Modal Dasar| Total Basic Capital 293.715.580.156 10.646.540.152.724 100,00
MODAL DITEMPATKAN DAN DISETOR PENUH | ISSUED AND FULLY PAID CAPITAL
Saham Seri A | Series A Shares 5.687 19.375.200 110.186.762.400 0,01
Saham Seri B | Series B Shares 796 368.128.800 293.030.524.800 0,23
Saham Seri C | Series C Shares 227 8.984.667.760 2.039.519.581.520 5,61
Saham Seri D | Series D Shares 99 4.056.378.449 401.581.466.451 2,53
Saham Seri E | Series E Shares 12 146.628.907.300 1.759.546.887.600 91,61
Jumlah Modal Ditempatkan dan Disetor
160.057.457.509 4.603.865.222.771 100.00
Penuh | Total Issued and Fully Paid Capital
Informasi lebih lengkap mengenai pelaksanaan Further information regarding the implementation
Kuasi Reorganisasi disajikan pada bagian of the Quasi Reorganization is presented
selanjutnya dalam sub bab ini. in the next part of this sub-chapter.
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PENAMBAHAN MODAL TANPA HAK CAPITAL INCREASE WITH
MEMESAN EFEK TERLEBIH DAHULU NON PREEMPTIVE RIGHTS
(“PMTHMETD”) TAHAP KELIMA (“NPR”) FIFTH STAGE
Upaya Perseroan untuk merestrukturisasi utang The Company’s effort to restructure its
Perseroan masih dilanjutkan selama tahun 2024. debt continues throughout 2024.
Rapat Umum Pemegang Saham Luar Biasa PT Bakrie Extraordinary General Meeting of Shareholders of
& Brothers Tbk (“Perseroan”) yang diadakan pada 28 PT Bakrie & Brothers Tbk (“The Company”) held
November 2024 (“RUPSLB”) menyetujui Penambahan on November 28, 2024 (“EGMS”) has approved
Modal Tanpa Hak Memesan Efek Terlebih Dahulu Capital Increase with Non Preemptive Rights
(“PMTHMETD”) sesuai dengan Peraturan OJK No.32/ (“NPR”) with adherence to OJK Rule No.32/
POJK.04/2015, melalui penerbitan 13.359.375.000 POJK.04/2015 through issuance of 13,359,375,000
(tiga belas miliar tiga ratus lima puluh sembilan juta (thirteen billion three hundred fifty nine million
tiga ratus tujuh puluh lima ribu) saham biasa seri E three hundred seventy five thousand) Series E
dengan nilai nominal Rp 12 per saham (“Saham Baru”) ordinary shares with a nominal value of IDR12
atau sebesar 7,70% (tujuh koma tujuh nol persen) (twelve Rupiah) per share (“New Shares”) or 7.70%
dari modal ditempatkan dan disetor penuh dalam (seven point seven zero percent) of the Company’s
Perseroan setelah dilakukannya PMTHMETD. issued and paid-up capital after the NPR.
Sebelum pelaksanaan RUPSLB, Perseroan telah Before conducting the EGMS, the Company
mengungkapkan rencana PMTHMETD dengan has disclosed its plan to carry out capital
menerbitkan Informasi Kepada Pemegang Saham increase with Non Preemptive Rights by
(IKPS) pada 22 Oktober 2024, dan kemudian publishing Information to Shareholders (IKPS)
menerbitkan Perubahan Informasi Kepada on October 22, 2024, and then publishing
Pemegang Saham pada 25 November 2024. Amendment of IKPS on November 25, 2024.
Seluruh Saham Baru tersebut akan diambil bagian All of the New Shares will be subscribed by
oleh Eurofa Capital Investment Inc. (“ECII”) dan Eurofa Capital Investment Inc. (“ECII”) and
Silvery Moon Investment Ltd. (“SMIL”), yang bukan Silvery Moon Investment Ltd. (“SMIL”), which
merupakan pihak terafiliasi dari Perseroan. are not affiliate parties of the Company.
Penambahan saham ini dilakukan Perseroan The addition of shares was carried out
dalam rangka penyelesaian utang by the Company in order to settle the
Perseroan kepada ECII dan SMIL. Company’s debt to ECII and SMIL.
PMTHMETD akan dilakukan dengan harga NPR will be implemented at the exercise price of
pelaksanaan Rp64 (enam puluh empat Rupiah) IDR64 (sixty four Rupiah) per share. The determination
per saham. Penentuan harga pelaksanaan of the exercise price of PMTHMETD is in accordance
PMTHMETD tersebut sesuai dengan ketentuan with the provisions of V.1.3. Appendix II Decree of
V.1.3 Lampiran II Surat Keputusan Direksi PT Bursa Board of Directors of Indonesia Stock Exchange
Efek Indonesia Nomor Kep-00101/BEI/12-2021 Number Kep-00101/BEI/12-2021 on the Amendment of
perihal Perubahan Peraturan Nomor I-A tentang the Rule Number I-A on Listing of Shares and Non-
Pencatatan Saham dan Efek Bersifat Ekuitas Selain Share Equity Securities Issued by a Listed Company.
Saham yang Diterbitkan oleh Perusahaan Tercatat.
Before the execution of capital increase with
Sebelum pelaksanaan PMTHMETD, jumlah NPR the Company issued and fully paid capital
saham yang disetor dan ditempatkan Perseroan was as much as 160,057,457,509 shares and
adalah sebesar 160.057.457.509 saham dan after the execution of capital increase with NPR
setelah pelaksanaan PMTHMETD menjadi its total increased to 173,416,832,509 shares or
sebesar 173.416.832.509 saham atau sebesar amounting to IDR4,764,177,722,771 (four trillion
Rp4.764.177.722.771 (empat triliun tujuh ratus seven hundred sixty four billion one hundred
enam puluh empat miliar seratus tujuh puluh seventy seven million seven hundred twenty two
tujuh juta tujuh ratus dua puluh dua ribu thousand seven hundred seventy one Rupiah).
tujuh ratus tujuh puluh satu Rupiah).
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KUASI REORGANISASI
QUASI REORGANIZATION
LATAR BELAKANG KUASI QUASI REORGANIZATION
REORGANISASI BACKGROUND
PT Bakrie & Brothers Tbk (“Perseroan”) PT Bakrie & Brothers Tbk (the “Company”)
telah mencapai kinerja keuangan yang has achieved positive financial performance
positif selama tiga tahun kebelakang (2021- over the past three years (2021-2023). The
2023). Peningkatan kinerja Perseroan Company’s performance improvement is
yang didukung oleh pertumbuhan positif supported by positive growth in almost
dihampir seluruh lini bisnis Perseroan. all of the Company’s business lines.
Oleh karena kondisi tersebut, Perseroan Due to these conditions, the Company has
memiliki inisiatif untuk mengimplementasikan taken the initiative to implement a quasi
kuasi reorganisasi sesuai dengan ketentuan reorganization in accordance with the
yang diatur dalam Peraturan Badan Pengawas provisions stipulated in the Capital Market
Pasar Modal dan Lembaga Keuangan and Financial Institutions Supervisory Agency
(“Bapepam-LK”) No. IX.L.1, Lampiran Keputusan (“Bapepam-LK”) Regulation No. IX.L.1,
Ketua Bapepam-LK No. Kep-718/BL/2012 Attachment to the Decree of the Chairman of
tentang Kuasi Reorganisasi (“Peraturan IX.L.1”). Bapepam-LK No. Kep-718/BL/2012 regarding
Quasi Reorganization (“Regulation IX.L.1”).
Dengan penerapan kuasi reorganisasi tersebut,
diharapkan dapat merestrukturisasi struktur With the implementation of the quasi
ekuitas Perseroan dan akan memberikan reorganization, it is expected to restructure
nilai tambah kepada pemegang saham. the Company’s equity structure and will
provide added value to shareholders.
TUJUAN KUASI REORGANISASI
PURPOSE OF QUASI
Adapun tujuan dan manfaat dilaksanakannya
Rencana Kuasi Reorganisasi oleh
REORGANIZATION
Perseroan adalah sebagai berikut: The objectives and benefits of
implementing the Quasi Reorganization
1. Perseroan dapat memulai awal yang Plan by the Company are as follows:
baru (fresh start) dengan neraca
keuangan yang menunjukan saldo laba 1. The Company can start fresh with a balance
tanpa dibebani defisit masa lampau; sheet that shows the balance of profits
2. Memperbaiki struktur ekuitas Perseroan without being burdened by past deficits;
dengan mengeliminasi akumulasi rugi 2. Improve the Company’s equity
(defisit) dengan menggunakan komponen structure by eliminating accumulated
ekuitas lain seperti agio saham, selisih losses (deficits) by using other equity
transaksi dengan pihak nonpengendali, components such as paid-in capital
dan penurunan modal saham; in excess of par values, differences in
3. Dengan kondisi neraca keuangan transactions with non-controlling parties,
yang menunjukan nilai sekarang and decreases in share capital;
tanpa dibebani defisit masa lampau, 3. With the condition of the balance sheet
Perseroan diharapkan akan lebih mudah that shows the present value without
memperoleh pendanaan, jika diperlukan, being burdened by past deficits, the
dalam rangka pengembangan usaha; Company is expected to more easily
obtain funding, if needed, in the
context of business development;
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4. Dengan tidak adanya saldo defisit, maka 4. In the absence of a deficit balance, it
akan dapat memberikan dampak positif will be able to have a positive impact
bagi para pemegang saham karena on shareholders because the Company
Perseroan dapat membagi dividen sesuai can distribute dividends in accordance
dengan peraturan yang berlaku, termasuk with applicable regulations, including
Undang-Undang No.40 Tahun 2007 the Law No.40 of 2007 concerning
tentang Perseroan Terbatas (UUPT); Limited Liability Companies (UUPT);
5. Meningkatkan minat dan daya tarik investor 5. Increase investor interest and
untuk memiliki saham Perseroan sehingga attractiveness to own the Company’s
diharapkan juga akan meningkatkan shares so that it is also expected
likuiditas perdagangan saham Perseroan. to increase the liquidity of trading
the Company’s shares.
LANGKAH-LANGKAH STEPS OF QUASI REORGANIZATION
KUASI REORGANISASI 1. Fulfillment of financial requirements
1. Pemenuhan persyaratan keuangan for quasi reorganization
untuk kuasi reorganisasi » Materiality of negative
» Materialitas dari saldo laba negatif. retained earnings.
» Prospek yang baik melalui laba » Good prospects through
usaha dan laba bersih selama operating profit and net profit
tiga tahun berturut-turut. for three consecutive years.
2. Melakukan prosedur kuasi reorganisasi 2. Perform quasi reorganization procedures
melalui eliminasi saldo laba negatif through elimination of negative retained
(defisit) sesuai ketentuan. earnings (deficit) as required.
3. Melakukan keterbukaan informasi 3. Conduct information disclosure
kepada OJK pemegang saham to OJK of the Company’s
Perseroan dan publik. shareholders and the public.
4. Penyelenggaraan RUPS Luar Biasa 4. Holding an Extraordinary GMS on
pada 21 Juni 2024 untuk persetujuan June 21, 2024 for shareholder approval
pemegang saham terkait pelaksanaan regarding the implementation of quasi
kuasi reorganisasi dan penurunan modal. reorganization and capital reduction.
HASIL PELAKSANAAN RESULTS OF QUASI
KUASI REORGANISASI REORGANIZATION IMPLEMENTATION
Perseroan telah melaksanakan Kuasi The Company has implemented the Quasi
Reorganisasi yang telah mendapatkan Reorganization which has been approved by
persetujuan dari pemegang saham Perseroan the shareholders of the Company through
melalui Rapat Umum Pemegang Saham Luar the Extraordinary General Meeting of
Biasa yang diselenggarakan pada tanggal Shareholders held on June 21, 2024 based
21 Juni 2024 berdasarkan Akta Pernyataan on the Deed of the Company’s Meeting
Keputusan Rapat Perseroan No. 23 tanggal 5 Resolution No. 23 dated July 5, 2024, made
Juli 2024, yang dibuat di hadapan Humberg before Humberg Lie, S.H., S.E., M.Kn., Notary
Lie, S.H., S.E., M.Kn., Notaris di Jakarta Utara, in North Jakarta, which has been approved
yang telah mendapatkan persetujuan dari by the Minister of Law and Human Rights of
Menteri Hukum dan Hak Asasi Manusia the Republic of Indonesia (“MOLHR”) based
Republik Indonesia (“Menkumham”) on Decree No. AHU-0052501.AH.01. .02.Year
2024 dated August 22, 2024 and has been
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berdasarkan Surat Keputusan No. AHU- notified to and accepted by the MOLHR based
0052501.AH.01.02.Tahun 2024 tanggal 22 on Letter of Acceptance of Notification of
Agustus 2024 dan telah diberitahukan kepada Amendment of Articles of Association No. AHU-
dan diterima oleh Menkumham berdasarkan AH.01.03-0184937 dated August 22, 2024, and
Surat Penerimaan Pemberitahuan Perubahan announced in the State Gazette of the Republic
Anggaran Dasar No. AHU-AH.01.03-0184937 of Indonesia (BNRI) No. 90 dated November 8,
tanggal 22 Agustus 2024, dan diumumkan 2024 and Supplement to BNRI No. 035787.
dalam Berita Negara Republik Indonesia
(BNRI) No. 90 tanggal 8 November 2024 With the effectiveness of the Quasi
dan Tambahan BNRI No. 035787. Reorganization, the Company managed to
improve its financial position significantly,
Dengan efektifnya Kuasi Reorganisasi tersebut, which can be seen in the Company’s financial
maka Perseroan berhasil memperbaiki posisi position as of September 30, 2024, an increase
keuangan secara signifikan yang dapat in the current ratio from 99.68% to 183.03% and
dilihat pada posisi keuangan Perseroan per the ratio of assets to liabilities increased from
30 September 2024 terjadi kenaikan rasio 159.91% to 257.13% (two hundred fifty-seven
lancar dari 99,68% naik menjadi 183,03% point one three percent). Meanwhile, the ratio
dan rasio aset terhadap liabilitas meningkat of liabilities to equity experienced a significant
dari 159,91% menjadi 257,13% (dua ratus improvement from 1.67 times to 0.64 times.
lima puluh tujuh koma satu tiga persen). With the success of the Quasi Reorganization,
Sedangkan rasio liabilitas terhadap ekuitas the Company has also successfully recorded
mengalami perbaikan signifikan dari 1,67 kali retained earnings of Rp636.3 billion from
menjadi 0,64 kali. Dengan keberhasilan Kuasi the previous deficit of Rp3.5 trillion.
Reorganisasi, Perseroan juga telah berhasil
mencatatkan laba ditahan sebesar Rp636,3
miliar dari sebelumnya defisit Rp3,5 triliun.
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POSISI KEUANGAN PERSEROAN SETEL AH EFEK TI F KUA SI REORGAN ISA SI
FINANCIAL POSITION OF THE COMPANY AFTER EFFECTIVE QUASI REORGANIZATION
(dalam juta Rupiah) | (in million Rupiah)
PER PER
KETERANGAN PERUBAHAN
30 SEPTEMBER 2024 31 DESEMBER 2023 %
DESCRIPTION CHANGES
PER SEPTEMBER 30, 2024 PER DECEMBER 31, 2023
ASET | ASSET
Total Aset Lancar
3.899.292 3.943.916 (44.624) -1%
Total Current Assets
Total Aset Tidak Lancar
3.184.210 3.157.690 26.520 1%
Total Non-Current Assets
Total Aset | Total Asset 7.083.502 7.101.606
LIABILITAS | LIABILITIES
Total Liabilitas Jangka Pendek
2.130.440 3.956.596 (1.826.156) -46%
Total Current Liabilities
Total Liabilitas Jangka Panjang
624.416 484.347 140.069 29%
Total Non-Current Liabilities
Total Aset | Total Asset 2.754.856 4.440.943
EKUITAS | EQUITY
Modal ditempatkan
dan disetor penuh 4.603.865 23.675.988 (19.072.123 -81%
Issued and fully paid capital
Tambahan modal disetor
(2.445.446) (2.504.322) 58.876 2%
Additional paid-in capital
Cadangan modal lainnya
865.651 538.536 327.115 61%
Other equity components
Saldo Laba / (Defisit)
636.273 (19.532.286) 20.168.559 103%
Retained Earnings / (Deficit)
Kepentingan non pengendali
668.303 482.747 185.556 38%
Non-controlling interests
Total Ekuitas | Total Equity 4.328.646 2.660.663
Total Liabilitas dan Ekuitas |
7.083.502 7.101.606
Total Liabilities and Equity
PER PER
RASIO KEUANGAN PERUBAHAN
30 SEPTEMBER 2024 31 DESEMBER 2023 %
FINANCIAL RATIOS CHANGES
PER SEPTEMBER 30, 2024 PER DECEMBER 31, 2023
Total Aset Lancar / Total
Liabilitas Jangka Pendek (%)
183,03% 99,68% 83% 84%
Total Current Assets / Total
Current Liabilities (%)
Total Aset / Total Liabilitas (%)
257,13% 159,91% 97% 61%
Total Assets / Total Liabilities (%)
Total Liabilitas / Ekuitas (X)
0,64 X 1,67 X -1,03 X -62%
Total Liabilities / Equity (X)
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AKSI KORPORASI: AKUISISI CCT
CORPORATE ACTION: CCT ACQUISITION
Perseroan melalui anak usahanya yaitu PT The Company, through its subsidiary PT
Bakrie Toll Indonesia (BTI) telah menyelesaikan Bakrie Toll Indonesia (BTI), has completed the
pengambilalihan 90% PT Cimanggis Cibitung acquisition of 90% of PT Cimanggis Cibitung
Tollways (CCT). Penandatanganan Akta Tollways (CCT). The signing of the Deed
Pengambilalihan Saham Dalam PT Cimanggis of Acquisition of Shares in PT Cimanggis
Cibitung Tollways No.145 tanggal 28 November Cibitung Tollways No. 145 dated November
2025 antara pihak PT Bakrie Toll Indonesia 28, 2025 between PT Bakrie Toll Indonesia
dengan PT Sarana Multi Infrastruktur (Persero) and PT Sarana Multi Infrastruktur (Persero)
(SMI) dan penandatanganan Akta Jual Beli (SMI) and the signing of the Share Sale and
Saham No.147 tanggal 28 November 2025 Purchase Deed No. 147 dated November
antara PT Bakrie Toll Indonesia dengan PT 28, 2025 between PT Bakrie Toll Indonesia
Waskita Toll Road (WTR) yang dilakukan di and PT Waskita Toll Road (WTR) took place
Jakarta pada tanggal 28 November 2025. in Jakarta on November 28, 2025.
Adapun transaksi ini dilakukan dengan This transaction was carried out using
menggunakan fasilitas pinjaman dari Hartman loan facilities from Hartman International
International Ltd, PT Bank Mayapada Ltd, PT Bank Mayapada Internasional
Internasional Tbk, dan PT Bank Nationalnobu Tbk, and PT Bank Nationalnobu Tbk
Tbk dengan total sejumlah Rp 5,44 triliun. with a total amount of Rp 5.44 trillion.
LATAR BELAKANG TRANSAKSI TRANSACTION BACKGROUND
Transaksi ini dilakukan sehubungan This transaction was carried out in
dengan adanya peluang strategis bagi connection with a strategic opportunity
Perseroan untuk mengakuisisi seluruh for the Company to acquire all CCT shares
kepemilikan saham CCT yang dimiliki owned by SMI (55%) and WTR (35%).
oleh SMI sebesar 55% dan WTR 35%.
As is known, the Company previously
Seperti diketahui, sebelumnya Perseroan owned 10% of CCT shares, either directly or
telah memiliki 10% saham di CCT baik secara through BTI. Therefore, with the divestment
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langsung ataupun melalui BTI. Sehingga, of CCT shares by SMI and WTR, the
dengan adanya divestasi dari SMI dan Company considers this acquisition to
WTR atas saham CCT, Perseroan menilai be an opportunity and the right moment
akusisi ini merupakan kesempatan dan to consolidate full ownership of CCT.
momentum tepat untuk mengkonsolidasikan
kepemilikan penuh atas CCT. PURPOSE OF TRANSACTION
The main consideration for this transaction
TUJUAN TRANSAKSI
is to strengthen the Company’s Business
Pertimbangan utama dilakukannya transaksi Group’s position in the national infrastructure
ini adalah untuk memperkuat posisi Grup sector, in line with the Company’s long-
Usaha Perseroan dalam sektor infrastruktur term business strategy that focuses on
nasional, sejalan dengan strategi bisnis jangka infrastructure and manufacturing development.
panjang Perseroan yang berfokus pada
pengembangan infrastruktur dan manufaktur. The Company is expected to optimize
business synergies, improve operational and
Perseroan diharapkan dapat mengoptimalkan strategic control over the toll road assets, and
sinergi usaha, meningkatkan kontrol encourage sustainable and significant revenue
operasional dan strategis atas aset jalan contributions to the future consolidated
tol tersebut, serta mendorong kontribusi performance of the Company’s Business Group.
pendapatan yang berkelanjutan dan
signifikan terhadap kinerja konsolidasian ABOUT CCT
Grup Usaha Perseroan ke depan.
PT Cimanggis Cibitung Tollways (CCT) is
a Toll Road Business Entity that manages
TENTANG CCT
the 26.184 km Cimanggis-Cibitung
PT Cimanggis Cibitung Tollways (CCT) section with a 45-year concession period
merupakan Badan Usaha Jalan Tol yang that will end on August 10, 2061.
mengelola Ruas Cimanggis-Cibitung
sepanjang 26,184 km dengan masa The Cimanggis-Cibitung Toll Road section is
konsesi selama 45 tahun yang akan highly strategic, as it serves as an alternative
berakhir pada tanggal 10 Agustus 2061. route to alleviate congestion on other toll
roads, particularly the Jakarta-Cikampek Toll
Ruas Jalan Tol Cimanggis-Cibitung ini sangat Road, and plays a crucial role in enhancing
strategis, karena merupakan jalur alternatif transportation connectivity and efficiency,
untuk mengurai kemacetan di ruas tol as well as fostering industrial and economic
lain, terutama Tol Jakarta-Cikampek, serta growth in the Jabodetabek region.
menjadi bagian penting dalam meningkatkan
konektivitas dan efisiensi transportasi, The Cimanggis-Cibitung Toll Road consists
serta pertumbuhan kawasan industri of two sections. Section 1, the Cimanggis–
dan ekonomi di sekitar Jabodetabek. Jatikarya segment, spans 2.75 km and has been
operational since October 26, 2020. Section
Jalan Tol Cimanggis-Cibitung terdiri dari dua 2, the Jatikarya–Cibitung segment, spanning
seksi. Seksi 1, segmen Cimanggis–Jatikarya 23.43 km, consists of Section 2A, the Jatikarya–
sepanjang 2,75 km, beroperasi sejak 26 Cikeas segment, spanning 3.78 km, which has
Oktober 2020. Seksi 2, segmen Jatikarya– been operational since June 16, 2023, and
Cibitung sepanjang 23,43 km, yang terdiri Section 2B, the Cikeas –Cibitung segment
dari Seksi 2A segmen Jatikarya–Cikeas spanning 19.657 km, has been operational
sepanjang 3,78 km, beroperasi sejak 16 since its inauguration on July 9, 2024.
Juni 2023, dan Seksi 2B segmen Cikeas–
Cibitung sepanjang 19,657 km, beroperasi
sejak tanggal peresmian 9 Juli 2024.
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PENERAPAN PEDOMAN TATA KELOLA
PERUSAHAAN TERBUKA OJK
ADAPTATION TO CORPORATE GOVERNANCE
GUIDELINE OF PUBLIC COMPANY - OJK
Berdasarkan Peraturan Jasa Keuangan (POJK) Based on the Financial Services Regulation
Nomor 21/POJK.04/2015 tentang Penerapan (POJK) Number 21/POJK.04/2015 concerning the
Pedoman Tata Kelola Perusahaan Terbuka dan Implementation of the Guidelines for the Governance
Surat Edaran Otoritas Jasa Keuangan (SEOJK) of Public Companies and the Circular Letter of the
Nomor 32/SEOJK.04/2015 tentang Pedoman Tata Financial Services Authority (SEOJK) Number 32/
Kelola Perusahaan Terbuka, dalam penerapan SEOJK.04/2015 concerning the Guidelines for
5 (lima) aspek, 8 (delapan) prinsip tata kelola the Governance of the Public Companies, in the
perusahaan yang baik serta 25 (dua puluh lima) implementation of 5 (five) aspects, 8 (eight) principles
rekomendasi yang disampaikan oleh OJK. Perseroan of good corporate governance and 25 (twenty five)
menerapkan aspek dan prinsip GCG berdasarkan recommendations submitted by OJK. The Company
pendekatan “comply or explain” sebagai berikut: applies the aspects and principles of GCG based
on the “comply or explain” approach as follows:
PENERAPAN
PRINSIP & REKOMENDASI ADAPTATION KETERANGAN
NO PRINCIPLES & RECOMMENDATIONS PENUH SEBAGIAN BELUM DESCRIPTIONS
FULL PARTIAL NOT YET
HUBUNGAN PERUSAHAAN TERBUKA DENGAN PEMEGANG SAHAM
A DALAM MENJAMIN HAK-HAK PEMEGANG SAHAM
RELATIONSHIP OF PUBLIC COMPANY WITH THE SHAREHOLDERS IN ENSURING THE SHAREHOLDERS’ RIGHTS
Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham
1.
Improving the Value of General Meeting of Shareholders (GMS) Convention
Perusahaan Terbuka memiliki cara atau
prosedur teknis pengumpulan suara (voting) Telah diatur dalam Anggaran
baik secara terbuka maupun tertutup Dasar dan Corporate Governance
yang mengedepankan independensi, Manual Perusahaan.
1.1
dan kepentingan pemegang saham. ✓ Has been stipulated in Company’s
Public Company has technical procedures Articles of Association and
for opened or closed voting that promote Corporate Governance Manual.
independency and shareholders’ interest.
Anindya N. Bakrie (Direktur
Utama / CEO) dan A.Ardiansyah
Bakrie (Wakil Direktur Utama /
Co-CEO) diwakili kehadirannya
Seluruh anggota Direksi dan anggota
oleh anggota Direksi lain pada
Dewan Komisaris Perusahaan Terbuka
RUPS Tahunan yang diadakan
hadir dalam RUPS Tahunan.
1.2
All members of the Board of Directors ✓ pada tanggal 30 Juni 2025.
Anindya N. Bakrie (President
and Board of Commissioners are
Director / CEO) and A.Ardiansyah
present at Annual GMS.
Bakrie (Vice President Director/
Co-CEO) was represented by
other members of Director in
the AGMS June 30, 2025.
Ringkasan risalah RUPS tersedia Akta Ringkasan Rapat No. 051 sudah
dalam Situs Web Perusahaan Terbuka tersedia di situs web Perusahaan
paling sedikit selama 1 (satu) tahun. sejak tanggal 2 Juli 2025.
1.3
Summary of GMS Minutes is available ✓ Deed of Meeting Summary
on Public Company’s Website for No.051 is available on Company’s
no less than 1 (one) year. website since July 2, 2025..
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PENERAPAN
PRINSIP & REKOMENDASI ADAPTATION KETERANGAN
NO PRINCIPLES & RECOMMENDATIONS PENUH SEBAGIAN BELUM DESCRIPTIONS
FULL PARTIAL NOT YET
Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor
2.
Improving Communication Quality of Public Company with Shareholders or Investors
Perusahaan telah memiliki dan
menerapkan Kebijakan & Prosedur
No. 015/BNBR/II/2010 tentang
Perusahaan Terbuka memiliki suatu
Penyampaian Informasi Kepada
kebijakan komunikasi dengan
Komunitas Pasar Modal.
2.1 pemegang saham atau investor. ✓ The Company has stipulated and
Public Company has a communication
applied Policy & Procedure No.
policy with shareholders or investors.
015/BNBR/II/2010 concerning
Information Disclosure to
Capital Market Community
Perusahaan telah mengunggah
Kebijakan & Prosedur No. 015/
Perusahaan Terbuka mengungkapkan
BNBR/II/2010 tentang Penyampaian
kebijakan komunikasi Perusahaan
Informasi Kepada Komunitas Pasar
Terbuka dengan pemegang saham
Modal pada situs web Perusahaan.
2.2 atau investor dalam Situs Web. ✓ The Company has uploaded
Public Company discloses its
Policy & Procedure No. 15/BNBR/
communication policy with shareholders
II/2010 concerning Information
or investors on its Website. Disclosure to Capital Market
Community to Company’s website.
FUNGSI DAN PERAN DEWAN KOMISARIS
B
BOARD OF COMMISSIONERS’ FUNCTION AND ROLE
Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
3.
Strengthening the Membership and Composition of Board of Commissioners
Penentuan jumlah anggota Dewan
Penentuan jumlah anggota Dewan
Komisaris sudah sesuai dengan
Komisaris mempertimbangkan
POJK No. 33/ POJK.04/2014.
kondisi Perusahaan Terbuka.
3.1
Determination of number of Board of ✓ Determination of total members
of Board of Commissioners
Commissioners’ member shall consider
has complied with POJK
the condition of Public Company.
No.33/POJK.04/2014.
Penentuan keberagaman komposisi
Penentuan komposisi anggota
anggota Dewan Komisaris telah
Dewan Komisaris memperhatikan
diatur dalam Anggaran Dasar dan
keberagaman keahlian, pengetahuan,
Board Manual Perusahaan.
dan pengalaman yang dibutuhkan.
3.2
Determination of Composition of Board ✓ Determination of Board of
Commissioners members’
of Commissioners’ member considers
composition diversity has been
the variety of expertise, knowledge,
stipulated in Company’s Articles of
and experiences required.
Association and Board Manual.
Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
4.
Improving the Quality of Job and Responsibility Performance of Board of Commissioners
Dewan Komisaris telah memiliki
kebijakan penilaian sendiri (self-
Dewan Komisaris mempunyai kebijakan assessment) yang pelaksanaannya
penilaian sendiri (self-assessment) untuk dibantu oleh komite-komite di
menilai kinerja Dewan Komisaris. bawah Dewan Komisaris.
4.1
Board of Commissioners has self- ✓ Board of Commissioners has
assessment policy to assess the enacted self-assessment
performance of Board of Commissioners. policy which implementation is
supported by committees under
Board of Commissioners.
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PENERAPAN
PRINSIP & REKOMENDASI ADAPTATION KETERANGAN
NO PRINCIPLES & RECOMMENDATIONS PENUH SEBAGIAN BELUM DESCRIPTIONS
FULL PARTIAL NOT YET
Kebijakan penilaian sendiri (self-
assessment) untuk menilai kinerja Telah diungkapkan pada buku
Dewan Komisaris diungkapkan melalui Laporan Tahunan Terintegrasi
Laporan Tahunan Perusahaan Terbuka. 2025 halaman ?xx?.
4.2
Self-assessment policy to assess ✓ Has been disclosed in
the performance of Board of 2025 Integrated Annual
Commissioners is disclosed in Annual Report book page ?xx?.
Report of Public Company.
Dewan Komisaris mempunyai kebijakan
terkait pengunduran diri anggota
Dewan Komisaris apabila terlibat Telah diungkapkan dalam
dalam kejahatan keuangan. Board Manual.
4.3
Board of Commissioners has a policy with ✓ Has been disclosed in
respect to the resignation of the member Board Manual.
of the Board of Commissioners if such
member involved in financial crime.
Perseroan sudah memberlakukan
Komite Nominasi dan Remunerasi
sesuai dengan POJK No. 34/
Dewan Komisaris atau Komite yang POJK.04/2014.
menjalankan fungsi Nominasi dan Komite Nominasi dan Remunerasi
Remunerasi menyusun kebijakan suksesi telah memformulasikan kebijakan
dalam proses Nominasi anggota Direksi. suksesi anggota Direksi.
4.4 Board of Commissioners or Committee ✓ The Company has put Nomination
that conduct Nomination and and Remuneration Committee
Remuneration function arrange into effect according to POJK
succession policy in Nomination process No. 34/POJK.04/2014.
of Board of Directors member. Nomination and Remuneration
Committee has formulated
succession policy for Board
of Directors member.
FUNGSI DAN PERAN DIREKSI
C
BOARD OF DIRECTORS’ FUNCTION AND ROLE
Memperkuat Keanggotaan dan Komposisi Direksi
5.
Strengthening the Membership and Composition of the Board of Directors
Penentuan jumlah anggota Direksi
mempertimbangkan kondisi Penentuan jumlah anggota
Perusahaan Terbuka serta efektivitas Direksi sudah sesuai dengan
dalam pengambilan keputusan. POJK No. 33/ POJK.04/2014.
5.1
Determination of number of Board ✓ Determination of total members of
of Directors’ member considers the Board of Directors has complied
condition of Public Company and the with POJK No. 33/POJK.04/2014.
effectiveness of decision-making.
Penentuan keberagaman
Penentuan komposisi anggota
komposisi anggota Direksi telah
Direksi memperhatikan keberagaman
diatur dalam Anggaran Dasar
keahlian, pengetahuan dan
dan Board Manual Perusahaan
pengalaman yang dibutuhkan.
5.2
Determination of composition of ✓ Determination of Board of
Directors members’ composition
Board of Directors’ member considers
diversity has been stipulated
the variety of expertise, knowledge,
in Company’s Articles of
and experiences required.
Association and Board Manual.
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Perseroan telah memiliki Direktur
Anggota Direksi yang membawahi bidang yang juga menjabat sebagai Chief
akuntansi atau keuangan memiliki keahlian Financial Officer yang memiliki
dan/atau pengetahuan di bidang akuntansi. keahlian di bidang akuntansi.
5.3
Member of Board of Directors who is ✓ The Company has instated a
liable for accounting or finance has Director who also holds the position
accounting expertise and/or knowledge. of Chief Financial Officer and has
capabilities in accounting field.
Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
6.
Improving the Quality of Job and Responsibility Performance of Board of Directors
Perusahaan telah memiliki dan
menerapkan Kebijakan & Prosedur
yang mengatur penilaian kinerja
Direksi mempunyai kebijakan karyawan yang tertuang dalam
penilaian sendiri (self-assessment) Kebijakan & Prosedur no.034/BNBR/
untuk menilai kinerja Direksi. XII/2012 tentang Evaluasi Jabatan.
6.1
Board of Directors has self- ✓ The Company has stipulated and
assessment policy to assess applied Policy & Procedure which
performance of Board of Directors. regulates employees’ performance
appraisal as described in Policy &
Procedure No. 034/BNBR/XII/2012
concerning Position Evaluation.
Kebijakan penilaian sendiri (self-
assessment) untuk menilai kinerja Telah diungkapkan pada buku
Direksi diungkapkan melalui Laporan Laporan Tahunan Terintegrasi
Tahunan Perusahaan Terbuka. 2025 halaman ?xx?.
6.2
Self-assessment policy to assess ✓ Has been disclosed in
the performance of Board of 2025 Integrated Annual
Directors is disclosed in Annual Report book page ?xx?.
Report of Public Company.
Direksi mempunyai kebijakan terkait
pengunduran diri anggota Direksi apabila
Telah diungkapkan dalam
terlibat dalam kejahatan keuangan.
Board Manual.
6.3 Board of Directors has a policy with ✓ Has been disclosed in
respect to the resignation of the
Board Manual.
member of the Board of Directors if such
member involved in financial crime.
PARTISIPASI PEMANGKU KEPENTINGAN
D
PARTICIPATION OF STAKEHOLDERS
Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan
7.
Improving Corporate Governance Aspect through Participation of Stakeholders
Perusahaan telah memiliki dan
menerapkan Kebijakan & Prosedur
Perusahaan Terbuka memiliki kebijakan no. 254/BNBR/XII/2014 tentang
untuk mencegah terjadinya insider trading. Aktivitas Perdagangan Efek.
7.1
Public Company has a policy ✓ The Company has stipulated and
to prevent insider trading. applied Policy & Procedure No.
254/BNBR/XII/2014 concerning
Stock Trading Activity.
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Perusahaan telah memiliki
dan menerapkan Kebijakan
& Prosedur tentang:
• Pelaporan Penerimaan Gratifikasi
Perusahaan Terbuka memiliki kebijakan (No. 264/IA/BNBR/VII/2022).
anti korupsi dan anti fraud. • Kebijakan Perilaku Bisnis Perusahaan.
7.2
Public Company has anti-corruption ✓
and anti-fraud policy. The Company has stipulated and
applied Policy & Procedure:
• Anti-Fraud and Report of Gratuities
Receiving (No.264/IA/BNBR/VII/2022).
• Business Conduct Policy.
Perusahaan telah memiliki dan
Perusahaan Terbuka memiliki kebijakan menerapkan Kebijakan & Prosedur
tentang seleksi dan peningkatan No. 076A/HC/BNBR/VII/2022
kemampuan pemasok atau vendor. tentang Pengadaan Barang dan Jasa
7.3
Public Company has policies concerning ✓ The Company has stipulated and
selection and capability improvement applied Policy & Procedure No.
of suppliers and vendors. 076A/HC/BNBR/VII/2022 concerning
Company Vendor Assessment.
Perusahaan telah memiliki
dan menerapkan Kebijakan &
Prosedur Penilaian Risiko terhadap
pinjaman yang akan dilakukan
Perusahaan, diatur dalam Kebijakan
Perusahaan Terbuka memiliki kebijakan
& Prosedur No.086/BNBR/
untuk pemenuhan hak-hak kreditur.
7.4
Public Company has a policy concerning ✓ IV/2015 tentang Fund Raising.
The Company has stipulated and
the fulfillment of creditor’s right.
applied Risk Valuation Policy &
Procedure towards loan undertaken
by Company, described in Policy
& Procedure No. 086/BNBR/
IV/2015 concerning Fund Raising.
Perusahaan telah memiliki dan
menerapkan Kebijakan & Prosedur
Perusahaan Terbuka memiliki No.258/BNBR/III/2012 tentang
kebijakan sistem whistleblowing. Whistleblowing System.
7.5
Public Company has a policy ✓ The Company has stipulated and
of whistleblowing system. applied Policy & Procedure No.
258/BNBR/III/2012 concerning
Whistleblowing System.
Perusahaan telah memiliki kebijakan
pemberian insentif jangka panjang
dalam bentuk saham kepada
Direksi dan karyawan yang akan
dijalankan sesuai dengan ketentuan
Anggaran Dasar Perseroan dan
Perusahaan Terbuka memiliki kebijakan
ketentuan peraturan perundangan
pemberian insentif jangka panjang
di Pasar Modal Indonesia.
7.6 kepada Direksi dan karyawan. ✓ The Company has formulated a
Public Company has long-term incentive
share-based long-term incentive
policy for Board of Directors and employees.
policy for Board of Directors
and employees which will be
carried out according to the
stipulations of Company’s Articles
of Associations and Indonesia’s
Capital Market regulations.
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FULL PARTIAL NOT YET
KETERBUKAAN INFORMASI
E
INFORMATION DISCLOSURE
Meningkatkan Pelaksanaan Keterbukaan Informasi.
8.
Improving the Implementation of Information Disclosure
Perseroan melakukan Keterbukaan
Informasi melalui situs Perseroan,
situs IDX, situs OJK (tidak
diterbitkan untuk umum), dan Surat
Kabar berperedaran nasional
Perusahaan Terbuka memanfaatkan
(untuk Keterbukaan Informasi
penggunaan teknologi informasi secara
tertentu sesuai dengan Peraturan
lebih luas selain Situs Web sebagai
Pasar Modal yang berlaku).
media keterbukaan informasi.
8.1
Public Company takes benefit from the ✓ The Company has executed
Information Disclosure through
application of a broader information
Company’s website, IDX website,
technology other than Website as
OJK website (not for public
information disclosure media.
consumption), and Newspaper
with nationwide circulation (for
certain Information Disclosure
according to prevailing Capital
Market Regulations).
Bahwa Perseroan telah
mengungkapkan pemilik manfaat
akhir dalam kepemilikan saham
Perusahaan Terbuka paling sedikit
Laporan Tahunan Perusahaan Terbuka
5% (lima persen) namun hanya
mengungkapkan pemilik manfaat akhir
sampai tingkat custody dan/
dalam kepemilikan saham Perusahaan
atau sekuritas sesuai dengan
Terbuka paling sedikit 5% (lima persen),
Daftar Pemegang Saham yang
selain pengungkapan pemilik manfaat
diterima dari pihak ketiga seperti
akhir dalam kepemilikan saham
Kustodian Sentral Efek Indonesia
Perusahaan Terbuka melalui pemegang
8.2
saham utama dan pengendali. ✓ (KSEI) dan Biro Administrasi Efek.
The Company has disclosed its
Annual Report of Public Company discloses beneficial owner by disclosing
beneficial owner in share ownership of ownership of at least 5% (five
Public Company of at least 5% (five percent), percent) of Public Company shares
other than disclosure of beneficial owner but only until custody and/or
in share ownership of Public Company securities level according to Share
through major and controlling shareholders. Registrar received through third
party such as Indonesia Central
Securities Depository (KSEI) and
Securities Administration Agency.
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TANGGUNG >
JAWAB SOSIAL
DAN LINGKUNGAN
SOCIAL AND ENVIRONMENTAL
RESPONSIBILITY
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VISI DAN MISI CSR PERSEROAN
CSR VISION AND MISSION OF THE COMPANY
AN
A-
KE
SI
BE
NE
RS
DO
AM
-IN
AA
KE
N
K E M A N FA ATA N
Dalam semangat mengabdi kepada negeri dan In the spirit of serving the nation and communities,
masyarakat, BNBR telah menyiapkan Masterplan CSR BNBR has prepared a CSR Masterplan that outlines
yang merinci perencanaan serta pengembangan the planning and development of CSR policies and
kebijakan dan program CSR untuk tahun 2025. programs for 2025. This planning document has
Dokumen perencanaan ini disusun dengan cermat, been carefully crafted in alignment with ISO 26000
mengacu pada ISO 26000 dan berpijak pada and is grounded in the company’s philosophy of
filosofi perusahaan “Bakrie Untuk Negeri”. Filosofi “Bakrie Untuk Negeri” (Bakrie for the Nation). This
tersebut mengandung tiga nilai utama yang kami philosophy embodies three core values, known as
sebut Trimatra Bakrie, sebagai landasan dalam the Trimatra Bakrie, which serve as the foundation
setiap langkah dan keputusan CSR kami. for every step and decision in our CSR initiatives.
1. KE-INDONESIAAN 1. INDONESIA-NESS
Cara pandang, motif, dan tindakan Insan Bakrie yang The perspective, motives, and actions of Bakrie
bangga sebagai Bangsa Indonesia, berwawasan individuals reflect pride in being part of the Indonesian
global dan berkontribusi bagi rakyat Indonesia nation, with a global outlook and a commitment
to contributing to the Indonesian people.
2. KEMANFAATAN
2. USEFULNESS
Cara pandang, motif dan tindakan Insan Bakrie yang
mengutamakan efektivitas dan efisiensi sumber daya The perspective, motives, and actions of
untuk meningkatkan kualitas hidup yang lebih baik. Bakrie individuals prioritize the effectiveness
and efficiency of resources to enhance
3. KEBERSAMAAN the quality of life for a better future.
Cara pandang, motif, dan tindakan Insan Bakrie
3. TOGETHERNESS
yang mengedepankan sinergi dalam keragaman.
The perspective, motives, and actions of Bakrie
Esensi perusahaan tercermin dalam seluruh program individuals emphasize synergy amidst diversity.
melalui integrasi nilai Trimatra Bakrie di setiap
aktivitas CSR. Komitmen tersebut menunjukkan The essence of the company is reflected in
konsistensi kami dalammenjalankan bakti sosial, all programs through the incorporation of the
memenuhi tanggung jawab kepada masyarakat Bakrie Trimatra values in every CSR activity.
sekitar wilayah operasional, sekaligus menghadirkan This commitment demonstrates our consistency
kontribusi nyata bagi pembangunan negeri. in delivering social services, fulfilling our
responsibilities to the communities around our
operational areas, while also making tangible
contributions to the nation’s development.
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IMPLEMENTASI ISO 26000
IMPLEMENTATION OF ISO 26000 [SEOJK A.1]
Integrasi nilai CSR di seluruh lini bisnis semakin kuat The integration of CSR values throughout all business
sejak ISO 26000 ditetapkan sebagai acuan utama. lines has become stronger since ISO 26000 was
Penguatan tata kelola organisasi menjadi langkah awal adopted as the primary reference. The initial step
yang kami dahulukan, kemudian diikuti penegasan involves strengthening organizational governance,
berbagai isu sosial prioritas yang relevan dengan subsequently followed by emphasizing various
perkembangan kebutuhan masyarakat. Standar priority social issues relevant to the evolving
ini juga menetapkan tujuh core subject tanggung needs of the community. This standard also
jawab sosial sebagai fokus utama pelaksanaan. sets seven core subjects of social responsibility
as the main focus of implementation.
1. Tata Kelola Organisasi
2. Hak Asasi Manusia 1. Organizational Governance
3. Praktik Ketenagakerjaan 2. Human Rights
4. Lingkungan Hidup 3. Labor Practices
5. Praktik Operasi yang Adil 4. Environment
6. Masalah Konsumen 5. Fair Operating Practices
7. Keterlibatan dan Pengembangan Masyarakat 6. Consumer Issues
7. Community Involvement and Development
Seluruh pendekatan tersebut kami jalankan untuk
memastikan praktik usaha berlangsung secara etis, We implement all of these approaches to
bertanggung jawab, dan selaras dengan prinsip ensure that business practices are conducted
yang sejak awal menjadi dasar nilai perusahaan. ethically, responsibly, and in accordance with
the principles that have been the foundation of
the company’s values from the beginning.
RENCANA & PENCAPAIAN CORPORATE
SOCIAL RESPONSIBILITY 2025
2025 CORPORATE SOCIAL RESPONSIBILITY PLANS &
ACHIEVEMENTS [SEOJK F.1] [GRI 2-23][GRI 2-24]
Sepanjang tahun 2025, berbagai capaian Throughout 2025, various CSR achievements were
CSR berhasil diraih setelah sebelumnya kami successfully accomplished after we previously
merancang program secara terstruktur berdasarkan designed programs in a structured manner based on
prinsip ISO 26000. Rangkuman berikut memuat the ISO 26000 principles. The following summary
rencana kegiatan sekaligus hasil implementasi includes planned activities as well as the results
yang menunjukkan konsistensi pelaksanaan of implementation, demonstrating the consistency
tanggung jawab sosial perusahaan. of the Company’s social responsibility efforts.
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TARGET SDGs KOMITMEN KAMI PENCAPAIAN TAHUN 2025
SDG TARGETS OUR COMMITMENT ACHIEVEMENTS IN 2025
TATA KELOLA ORGANISASI 1. BNBR menerapkan dan menegakkan
DAN HAK ASASI MANUSIA berbagai pedoman internal, meliputi Panduan
1. Penyusunan dan penerapan Kode Etik Tata Kelola Perusahaan, Panduan Dewan
dan Kebijakan Perilaku Bisnis BNBR Komisaris dan Direksi (Board Manual),
2. Komitmen untuk mematuhi hukum Panduan Benturan Kepentingan, Pakta
dan pemenuhan tanggung jawab Integritas, serta Budaya Perusahaan.
untuk membayar pajak. 2. Sepanjang tahun 2025, Grup BNBR
3. Menyediakan kesempatan yang sama beserta manajemennya tidak menghadapi
dan setara bagi setiap orang untuk perkara hukum maupun perpajakan.
menjadi pekerja, menerima pelatihan dan 3. Kesempatan kerja diberikan secara setara
mengembangkan karier di Grup BNBR. kepada individu berusia di atas 18 tahun
4. Menghormati hak sipil dan politik, serta sesuai Undang-Undang No.13 Tahun 2003
hak ekonomi, sosial, dan budaya. tentang Ketenagakerjaan, termasuk akses
pelatihan dan pengembangan karier
ORGANIZATIONAL GOVERNANCE berbasis kompetensi dan kinerja.
AND HUMAN RIGHTS 4. Penghormatan terhadap hak individu dijalankan
1. Preparation and implementation melalui kebebasan berpendapat secara damai,
of BNBR Code of Ethics and akses informasi, serta penerapan due process
Business Conduct Policy dan fair hearing sebelum tindakan disipliner.
2. Commitment to comply with the law and 5. Dukungan kesejahteraan karyawan
fulfillment of responsibility to pay taxes. disediakan melalui jaminan kesehatan
3. Providing equal and equal yang memadai serta bantuan pendidikan
opportunities for everyone to become bagi karyawan dan keluarganya.
an employee, receive training and
develop a career in BNBR Group. 1. BNBR implements and enforces various
4. Respect for civil and political rights, as well internal guidelines, including the Corporate
as economic, social and cultural rights. Governance Guidelines, the Board of
Commissioners and Directors Guidelines (Board
Manual), the Conflict of Interest Guidelines, the
Integrity Pact, and the Corporate Culture.
2. Throughout 2025, BNBR Group and its
management faced no legal or tax-related issues.
3. Employment opportunities are provided
equally to individuals aged 18 or older
in accordance with Law No. 13 of 2003
concerning Manpower, including access
to training and career development based
on competence and performance.
4. Respect for individual rights is upheld
through the freedom of peaceful expression,
access to information, as well as the
implementation of due process and fair
hearings before disciplinary actions.
5. Employee welfare support is provided through
adequate health insurance and educational
assistance for employees and their families.
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PRAKTIK TENAGA KERJA 1. Forum komunikasi dua arah menjadi
1. Menyediakan lingkungan kerja yang sarana pembahasan hak dan tanggung
baik dan perlindungan sosial serta jawab antara manajemen dan pegawai.
mendukung praktik dialog sosial. 2. Perpanjangan masa berlaku Perjanjian
2. Mendukung dan mengelola Kerja Bersama telah dilaksanakan.
kesehatan dan keselamatan kerja. 3. Pelatihan kesehatan dan keselamatan kerja
3. Mendukung pengembangan individu. diselenggarakan setiap tahun untuk memastikan
pemahaman yang memadai; sepanjang 2025
LABOUR PRACTICES karyawan berpartisipasi dalam berbagai pelatihan
1. Provide a good working environment dan lokakarya pengembangan kapasitas.
and social protection and support 4. Peningkatan kompetensi pegawai dilakukan
the practice of social dialogue. secara berkelanjutan melalui program pelatihan
2. Support and manage occupational relevan, dengan rincian tersedia pada Bab
health and safety. Pengelolaan Sumber Daya Manusia.
3. Support individual development.
1. Two-way communication forums serve as
a way to discuss rights and responsibilities
between management and employees.
2. The extension of the Collective Work
Agreement has been implemented.
3. Work health and safety training is held annually to
ensure proper understanding; throughout 2025,
employees will participate in various capacity-
building training sessions and workshops.
4. Employee competency improvement is
ongoing through relevant training programs,
with details available in the Human
Resources Management Chapter.
LINGKUNGAN HIDUP Sertifikasi lingkungan dari pihak eksternal
1. Penerapan pengelolaan telah diperoleh sebagai bentuk validasi
risiko lingkungan hidup kinerja pengelolaan lingkungan. Program
2. Penerapan pendekatan pencegahan dalam yang dijalankan tercantum dalam bagian
menangani masalah lingkungan hidup Corporate Social Responsibility Terkait
terkait kegiatan operasi bisnis harian Lingkungan Hidup pada bab ini.
ENVIRONMENT Kinerja lingkungan terus ditingkatkan melalui
1. Implementation of environmental eksplorasi inisiatif pada aspek energi, emisi,
risk management kualitas udara, air, limbah, serta konservasi alam.
2. Implementation of preventive approach
in handling environmental issues External environmental certifications
related to daily business operations. have been secured as a validation of
environmental management performance.
The programs implemented are listed in the
Environmental-Related Corporate Social
Responsibility section of this chapter.
Environmental performance continues to be
improved through the exploration of initiatives in
aspects such as energy, emissions, air quality,
water, waste, and natural conservation.
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TARGET SDGs KOMITMEN KAMI PENCAPAIAN TAHUN 2025
SDG TARGETS OUR COMMITMENT ACHIEVEMENTS IN 2025
PRAKTIK OPERASI YANG ADIL Inovasi operasional terus dikembangkan di seluruh
DAN BERTANGGUNG JAWAB lini dan anak usaha, mencakup prosedur kerja, riset
1. Mendukung pengembangan produk ramah lingkungan, efisiensi energi, hingga
industri, inovasi, dan infrastruktur penerapan teknologi terbaru untuk mendukung
yang berkelanjutan industri dan infrastruktur berkelanjutan.
2. Mendukung inovasi menuju
perwujudan Manufacturing 4.0 Kebijakan & Prosedur No. 264/BNBR/I/2016
3. Mempraktikkan kejujuran tentang Anti Fraud dan Pelaporan Penerimaan
dalam transaksi bisnis. Gratifikasi telah dimiliki dan diterapkan.
4. Menghormati hak kepemilikan.
Peniruan atau pembajakan dihindari,
FAIR AND RESPONSIBLE dan kompensasi yang adil diberikan atas
OPERATING PRACTICES kepemilikan yang diperoleh atau digunakan.
1. Supporting sustainable industrial
development, innovation and infrastructure Operational innovations are continuously developed
2. Support innovation towards the across all lines and subsidiaries, including
realization of Manufacturing 4.0 work procedures, research on environmentally
3. Practicing honesty in business transactions. friendly products, energy efficiency, and the
4. Respecting property rights. implementation of the latest technology to
support sustainable industry and infrastructure.
Policy & Procedure No. 264/BNBR/I/2016
regarding Anti-Fraud and Gratification Receipt
Reporting has been adopted and implemented.
Imitation or piracy is avoided, and fair compensation
is provided for ownership that is acquired or used.
PENGEMBANGAN KONSEP Industri berbasis teknologi hijau telah
USAHA BERKELANJUTAN dikembangkan dengan fokus pada
(SUSTAINABLE BUSINESS) inovasi dan prinsip keberlanjutan.
1. Mendukung upaya Indonesia
dalam mencapai target Net Zero Upaya strategis dijalankan di berbagai sektor,
Emissions di tahun 2060 termasuk energi baru terbarukan (EBT), elektrifikasi
2. Mendukung pengembangan transportasi, sarana teknologi informasi dan
dan penerapan teknologi hijau telekomunikasi, serta automasi konstruksi (IoT).
dan ramah lingkungan
Green technology-based industries
DEVELOPMENT OF A SUSTAINABLE have been developed with a focus on
BUSINESS CONCEPT innovation and sustainability principles.
1. Support Indonesia’s efforts to achieve
the Net Zero Emissions target in 2060. Strategic efforts are being carried out across
2. Support the development and various sectors, including new renewable
application of green and environmentally energy (NRE), transportation electrification,
friendly technologies information technology and telecommunications
infrastructure, and construction automation (IoT).
PERLINDUNGAN KONSUMEN Konsumen diposisikan sebagai mitra utama
1. Menyediakan layanan konsumen, dan diprioritaskan dalam setiap layanan.
dukungan dan penyelesaian perselisihan. Penjelasan lebih rinci tersedia pada bagian
2. Menyediakan informasi pengguna Corporate Social Responsibility Terkait Tanggung
yang jelas dan berguna atas Jawab kepada Konsumen di bab ini.
setiap produk dan jasa.
Consumers are positioned as the main partners
CONSUMER PROTECTION and are prioritized in every service. A more
1. Provide consumer services, detailed explanation can be found in the
support and dispute resolution. Corporate Social Responsibility section related to
2. Provide clear and useful user information Responsibility to Consumers within this chapter.
on each product and service.
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TARGET SDGs KOMITMEN KAMI PENCAPAIAN TAHUN 2025
SDG TARGETS OUR COMMITMENT ACHIEVEMENTS IN 2025
KETERLIBATAN DAN Keberlanjutan lingkungan di wilayah operasi
PENGEMBANGAN MASYARAKAT dipandang sebagai kepentingan jangka panjang.
1. Melakukan investasi sosial melalui Informasi detail dapat dilihat pada bagian Corporate
perbaikan aspek sosial bagi kehidupan Social Responsibility Terkait Pengembangan
masyarakat sekitar BNBR. Sosial dan Kemasyarakatan di bab ini.
2. Terlibat dalam aksi untuk memperbaiki
kualitas pendidikan dan mendukung Environmental sustainability within the operational
kesehatan yang baik bagi para karyawan area is regarded as a long-term consideration.
dan masyarakat sekitar BNBR. Detailed information is available in the Corporate
Social Responsibility section related to Social
COMMUNITY INVOLVEMENT and Community Development in this chapter.
AND DEVELOPMENT
1. Conducting social investment through
the improvement of social aspects for
the life of the community around BNBR.
2. Engage in actions to improve the quality
of education and support good health for
employees and communities around BNBR.
KEGIATAN CORPORATE SOCIAL
RESPONSIBILITY YANG BERSIFAT KARITATIF
CHARITABLE CORPORATE SOCIAL
RESPONSIBILITY ACTIVITIES [GRI 203-3]
Melalui Yayasan Bakrie Amanah, BNBR menyinergikan Through the Bakrie Amanah Foundation, BNBR
pelaksanaan program CSR di seluruh entitas Grup coordinates the implementation of CSR programs
Bakrie, termasuk Perseroan. Operasional kegiatan across all entities within the Bakrie Group, including
sosial tersebut dikoordinasikan di bawah Badan the Company. The operational activities of these
Pengelola Bakrie Untuk Negeri (BP BUN), dengan social programs are managed by the Bakrie for the
dukungan kolaborasi perusahaan afiliasi dalam Nation Management Agency (BP BUN), with support
berbagai aksi karitatif. Yayasan ini resmi berdiri pada 17 from collaborative initiatives by affiliated companies
Agustus 2010, dan realisasi kontribusi sosial tercermin across various social activities. The Foundation was
pada tabel pengeluaran dana berikut. [SEOJK F.25] formally established on August 17, 2010, and the
use of social contribution funds is presented in the
following fund expenditure table. [SEOJK F.25]
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RE ALISA SI PENYALU R AN DANA TANGGU NG JAWAB SOSIAL 2025
2025 REALIZATION OF DISTRIBUTION OF SOCIAL RESPONSIBILITY FUNDS
ASPEK DANA
0.58%
PROGRAM
ASPECT FUNDS (RUPIAH)
4.54%
Sosial dan Keagamaan
Peduli Untuk Negeri Rp1.619.561.100 7.99%
Social and Religion
Pendidikan 6.08%
Cerdas Untuk Negeri Rp121.865.000
Education
Lingkungan Hidup
Hijau Untuk Negeri Rp160.027.730
Environment
Kesehatan
Sehat Untuk Negeri Rp11.638.500
Health
Ekonomi Kerakyatan
Socio-Economy
Kemitraan Untuk Negeri Rp91.000.000 80.81%
Total Rp2.004.092.330
CSR DI BIDANG LINGKUNGAN HIDUP
CSR IN THE ENVIRONMENTAL FIELD
1,5 JUTA
MIO TCO₂E 14,4 JUTA
MIO GJ
GRK CAKUPAN 1 TOTAL ENERGI
SCOPE 1 GHG TOTAL ENERGY
BASELINE TAHUN PERTAMA KONSOLIDASI SELURUH 15 ENTITAS
FIRST-YEAR BASELINE UNDER BNBR CONSOLIDATED ACROSS 15 ENTITIES
BNBR selalu menempatkan kelestarian bumi dan BNBR consistently prioritizes the preservation of
lingkungan sebagai prioritas utama dalam setiap this Earth and the environment in all its operational
aktivitas operasionalnya. Kami sadar betul bahwa activities. We are acutely aware that every action
setiap tindakan memiliki dampak pada masa has an impact on the future of the planet, but with
depan bumi, namun dengan pengelolaan yang proper management, this impact can be transformed
tepat, dampak tersebut dapat berbalik menjadi into a positive contribution to human life.
kontribusi positif bagi kehidupan manusia.
To support energy conservation and climate
Untuk mendukung konservasi energi dan mitigasi change mitigation, we have implemented corporate
perubahan iklim, kami telah menerapkan strategi strategies across all operational areas, both in the
perusahaan di seluruh wilayah operasional, baik parent company and subsidiaries, throughout 2025.
di perusahaan induk maupun anak perusahaan, di In line with Government Regulation No. 22 of 2021
sepanjang tahun 2025. Mengacu pada Peraturan dated February 2, 2021 on Environmental Protection
Pemerintah Nomor 22 Tahun 2021 (2 Februari and Management, BNBR emphasizes three main
2021) tentang Penyelenggaraan Perlindungan dan pillars—Green Technology, Green Products, and
Pengelolaan Lingkungan Hidup, BNBR menekankan Green Buildings—to ensure that all operational
tiga pilar utama—Teknologi Hijau, Produk Hijau, dan activities align with applicable environmental
Bangunan Hijau—agar seluruh kegiatan operasional
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selalu sejalan dengan regulasi lingkungan yang regulations. Additionally, the integration of impact
berlaku. Selain itu, integrasi studi dampak seperti studies such as Environmental Impact Analysis
Analisis Mengenai Dampak Lingkungan (AMDAL), (EIM), Environmental Management Efforts (UKL), and
Upaya Pengelolaan Lingkungan (UKL), dan Upaya Environmental Monitoring Efforts (UPL) is a crucial
Pemantauan Lingkungan (UPL) merupakan bagian part of our efforts to protect the environment.
penting dari upaya kami dalam menjaga lingkungan.
IMPLEMENTATION OF ENVIRONMENTAL
PENERAPAN SISTEM MANAJEMEN MANAGEMENT SYSTEM AND
LINGKUNGAN DAN PERBAIKAN SUSTAINABILITY IMPROVEMENT
BERKELANJUTAN
The strengthening of the environmental
Penguatan sistem manajemen lingkungan management system continues through sustainable
terus dilakukan melalui pengembangan development and the improvement of internal
berkelanjutan dan penyempurnaan praktik practices. To ensure optimal management, the
internal. Untuk memastikan pengelolaan berjalan company enacts various initiatives aimed at
optimal, perusahaan melaksanakan berbagai improving environmental performance, including:
inisiatif kinerja lingkungan, antara lain:
Pengelolaan Lingkungan BNBR Tanggung jawab sosial lingkungan
Environmental Management at BNBR bertema “Hijau Untuk Negeri“
Environmental social responsibility
Seluruh praktik pengelolaan lingkungan program titled “ Hijau Untuk Negeri”
di BNBR dijalankan dengan mengacu
pada regulasi dan standar operasional Komitmen terhadap pelestarian lingkungan
yang berlaku, termasuk persyaratan diwujudkan melalui berbagai program
dalam standar ISO serta ketentuan yang dirancang untuk mencegah potensi
pengelolaan lingkungan yang ditetapkan dampak dari kegiatan pembangunan.
oleh Kementerian Lingkungan Salah satunya adalah program “Hijau Untuk
Hidup dan Kehutanan (KLHK). Negeri” yang mencakup penanaman bibit
pohon dan pembiasaan perilaku ramah
All environmental management practices lingkungan di area fasilitas maupun wilayah
at BNBR are conducted in accordance with sekitarnya, dengan total pengeluaran
applicable regulations and operational tahun 2025 sebesar Rp160.027.730.
standards, including those stipulated by ISO
standards and environmental management The commitment to environmental
provisions established by the Ministry preservation is realized through various
of Environment and Forestry (KLHK). programs designed to prevent potential
impacts arising from developmental
activities. One such initiative is the
“Hijau Untuk Negeri” program, which
encompasses tree seedling planting
and fostering environmentally friendly
behaviors within facility areas and
surrounding regions, with a total
expenditure of Rp160.027.730 in 2025.
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Pengakuan atas kinerja tersebut tercermin dari Recognition of this performance is reflected in
perolehan sertifikasi melalui Program Penilaian obtaining certification through the Corporate
Peringkat Kinerja Perusahaan dalam Pengelolaan Performance Rating Program in Environmental
Lingkungan Hidup (PROPER), inisiatif pemerintah Management (PROPER), a government initiative
yang bertujuan meningkatkan standar pengelolaan aimed at improving environmental management
lingkungan sesuai Peraturan Menteri Lingkungan standards in accordance with Minister of
Hidup No. 6 Tahun 2013. Selain itu, berbagai standar Environment Regulation No. 6 of 2013. Furthermore,
sertifikasi lingkungan lain juga telah diterapkan. multiple other environmental certification
standards have also been implemented.
1. Bakrie Autoparts (BA) - ISO 14001:2015
dari TÜV SÜD Indonesia 1. Bakrie Autoparts (BA) – ISO 14001:2015
2. Bakrie Constructions (BCONs) - ISO 14001:2015 from TÜV SÜD Indonesia
dari Care Certification Private Limited accredited 2. Bakrie Constructions (BCONs) – ISO 14001:2015
by International Accreditation (IAS) from Care Certification Private Limited
3. Bakrie Metal Industries (BMI) - ISO 14001:2015 accredited by International Accreditation (IAS)
dari Care Certification Private Limited accredited 3. Bakrie Metal Industries (BMI) – ISO 14001:2015
by International Accreditation (IAS) from Care Certification Private Limited
4. Bakrie Pipe Industries (BPI) - ISO accredited by International Accreditation (IAS)
14001:2015 dari TÜV Rheinland 4. Bakrie Pipe Industries (BPI) – ISO
5. Bakrie Power (BP) - ISO 14001:2015 14001:2015 from TÜV Rheinland
dari Tafa Sertifikasi Indonesia 5. Bakrie Power (BP) - ISO 14001:2015
6. Bina Usaha Mandiri Mizusawa (BUMM) - ISO from Tafa Sertifikasi Indonesia
14001:2015 dari TÜV SÜD Indonesia 6. Bina Usaha Mandiri Mizusawa (BUMM) – ISO
7. Braja Mukti Cakra (BMC) - ISO 14001:2015 14001:2015 from TÜV SÜD Indonesia
dari BSI, ANAB, IAF, KAN 7. Braja Mukti Cakra (BMC) – ISO 14001:2015
8. Multi Kontrol Nusantara (MKN) - ISO 14001:2015 from BSI, ANAB, IAF, KAN
dari Business Systems Certification Pty. Ltd 8. Multi Kontrol Nusantara (MKN) - ISO 14001:2015
9. South East Asia Pipe Industries (SEAPI) - from Business Systems Certification Pty. Ltd
ISO 14001:2015 dari TÜV Rheinland 9. South East Asia Pipe Industries (SEAPI) –
ISO 14001:2015 from TÜV Rheinland
Upaya peningkatan berkelanjutan terus
dioptimalkan agar pengelolaan lingkungan Efforts towards continuous improvement are
semakin efisien sekaligus memberi dampak being optimized to enhance environmental
jangka panjang. Hingga akhir 2025, tidak management efficiency while also providing long-
terdapat keluhan terkait lingkungan dan seluruh term impacts. By the end of 2025, there are no
ketentuan regulasi telah dipenuhi. [SEOJK F.16] environmental complaints, and all regulatory
requirements have been fulfilled. [SEOJK F.16]
ENERGI DAN TRANSISI MENUJU
ENERGI TERBARUKAN ENERGY AND TRANSITION
TO RENEWABLE ENERGY
Pemanfaatan energi baru dan terbarukan (EBT) terus
diperluas sebagai bagian dari komitmen efisiensi The utilization of new and renewable energy
energi yang selaras dengan peta jalan pemerintah. (NRE) continues in expanding as part of the
Integrasi prinsip konservasi energi dilakukan commitment to energy efficiency, aligned with
melalui sistem pemantauan konsumsi listrik dan the government’s roadmap. The integration
bahan bakar yang melibatkan seluruh karyawan. of energy conservation principles is executed
through a system that monitors electricity and
Kesadaran akan besarnya kontribusi energi fuel consumption involving all employees.
fosil terhadap perubahan iklim mendorong
penerapan teknologi ramah lingkungan, instalasi Awareness of the significant contribution of fossil
yang sesuai kebutuhan, serta sistem manajemen energy in climate change encourages the adoption
energi untuk mengevaluasi penggunaan of environmentally friendly technologies, customized
secara berkala. Listrik dimanfaatkan untuk installations, and energy management systems for
operasional pabrik dan kantor, sedangkan bahan periodic assessment of energy utilization. Electricity
bakar solar digunakan bagi alat heavy-duty, is used for factory and office operations, whereas
kendaraan operasional, dan diesel generator.
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Efisiensi yang dicapai merupakan hasil program diesel fuel is used for heavy-duty equipment,
berkelanjutan, antara lain pemasangan sistem operational vehicles, and diesel generators.
pemantauan bahan bakar alat berat, penggunaan
smart sensor di fasilitas produksi dan gedung, The achieved efficiency results from ongoing
serta penerapan Variable Speed Drive (VSD) pada programs, including the installation of heavy
sistem motor. Di sisi pengembangan energi bersih, equipment fuel monitoring systems, the deployment
PT Bakrie Power (BP)aktif mengembangkan proyek of smart sensors in production facilities and buildings,
pembangkit panas bumi, surya, angin, dan biomasa. and the implementation of Variable Speed Drive (VSD)
systems on motor systems. Concerning clean energy
Total kapasitas proyek energi terbarukan hingga development, PT Bakrie Power (BP) actively develops
akhir 2025 mencapai 198 MW, dengan penggunaan geothermal, solar, wind, and biomass projects.
energi tercatat stabil sekitar 14.400.333 gigajoule
atau 3,85 GJ per satu juta rupiah pendapatan. The total capacity of renewable energy projects
Perhitungan konsumsi menggunakan faktor konversi by the end of 2025 is projected to reach 198 MW,
standar IPCC dan UNEP 2006, yakni 1 KWH setara with energy usage recorded at a stable level of
0,0036 GJ dan 1 liter bahan bakar setara 0,033 GJ. approximately 14,400,333 gigajoules or 3.85GJ
[SEOJK F.6] [GRI 302-1] [GRI 302-3] [SEOJK F.7] per one million rupiah of revenue. Consumption
calculations use standard conversion factors from
IPCC and UNEP 2006, namely 1 KWH equals
0.0036 GJ and 1 liter of fuel equals 0.033 GJ.
[SEOJK F.6] [GRI 302-1] [GRI 302-3] [SEOJK F.7]
SUMBER ENERGI
UNIT 2025
ENERGI SOURCE
Konsumsi Bahan Bakar ( Langsung)
Fuel Consumption (Direct)
Liter 25.764.206
BBM Solar | Diesel Oil
GJ 850.219
Liter 7.783.316
Bensin | Gasoline
GJ 256.849
Liter 53.168
Pertamax
GJ 1.755
Liter 10.112
Pertalite
GJ 334
Listrik ( Tidak Langsung)
Electricity (Indirect)
kWh 3.691.993.436
Listrik | Electricity
GJ 13.291.176
Liter 33.610.802
TOTAL ENERGY CONSUMPTION kWh 3.691.993.436
GJ 14.400.333
Intensitas Energi
3,85
Energi Intensisty (GJ / satu Juta rupiah pendapatan )
Keterangan: Perubahan metode pengumpulan data konsumsi energi pada tahun 2025 yang mencakup 15 entitas.
Note: There is a change to energy consumption data collection methods in 2025 across 15 entities.
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INISIATIF PENGHEMATAN
PENGGUNAAN ENERGI
ENERGY USAGE SAVING INITIATIVE
AIR WATER
Ketersediaan air bersih bagi operasional maupun The availability of clean water for operations
masyarakat sekitar menjadi perhatian utama, and the surrounding community remains a
sehingga efisiensi pemakaian terus diperkuat primary concern; consequently, the efficiency of
di seluruh aktivitas. Melalui strategi manajemen water use is persistently emphasized across all
dan konservasi yang dilengkapi kebijakan serta activities. Through management and conservation
program pendukung, Grup menekan konsumsi air strategies, supported by policies and programs,
sekaligus menjaga keberlanjutan sumber daya. the Group reduces water consumption while
maintaining the sustainability of water resources.
Upaya tersebut dijalankan lewat pemasangan sistem
kontrol dan distribusi untuk mencegah kebocoran These efforts are implemented through the installation
serta kelebihan pasokan, termasuk pembangunan of control and distribution systems to prevent
fasilitas pengolahan air limbah guna mendukung leaks and over-supply, including the construction
proses daur ulang. Kesadaran karyawan juga of wastewater treatment facilities to facilitate
diperkuat melalui panduan visual seperti poster recycling processes. Employee awareness is further
dan stiker yang mendorong penggunaan sumber reinforced through visual aids such as posters and
daya secara bertanggung jawab. Konsistensi stickers that promote responsible resource use.
penerapan di seluruh fasilitas menjaga konsumsi Consistent implementation across all facilities has
tetap stabil di kisaran 851.825 m³ atau 0,23 m³ per maintained consumption at approximately 851,825
satu juta revenue selama tiga tahun terakhir, dan m³ or 0.23 m³ per one million in revenue over the
sepanjang 2025 tidak ada keluhan masyarakat past three years. Throughout 2025, no complaints
terkait kualitas maupun ketersediaan air bersih di have been received from the community regarding
sekitar wilayah operasional. [SEOJK F.8] [GRI 303-3] the quality or availability of clean water within
the operational areas. [SEOJK F.8] [GRI 303-3]
KONSUMSI AIR
M³ 2025
WATER CONSUMPTION
32%
Air Tanah
m³ 582.390
Groundwater
Air dari Pihak Ketiga (PDAM)
m³ 269.434
Third-party (PDAM) water
Total Konsumsi air
68% Total Water Consumption
m³ 851.825
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INVESTASI HIJAU:
MENATA MASA DEPAN BERKELANJUTAN
GREEN INVESTMENT:
SHAPING A SUSTAINABLE FUTURE [SEOJK F.3] [SEOJK F.26]
Investasi pada proyek ramah lingkungan Investing in environmentally friendly projects
dipilih sebagai langkah strategis untuk is selected as a strategic step to meet
memenuhi kebutuhan energi dan sumber energy and resource requirements without
daya tanpa mengorbankan kelestarian compromising environmental conservation.
alam. Pendekatan ini dijalankan melalui This approach is implemented through the
pemanfaatan teknologi serta inovasi yang utilization of technology and innovation
menekan dampak perubahan iklim sekaligus that reduce the impact of climate change
menjaga keseimbangan lingkungan. while maintaining environmental balance.
Komitmen tersebut tercermin dari penyaluran This commitment is reflected in the allocation
dana sebesar Rp66 miliar hingga akhir of funds amounting to Rp66 billion until 2025
2025 ke berbagai proyek yang sejalan to various projects aligned with the principles
dengan prinsip Sustainable Investment dan of Sustainable Investment and the Sustainable
Sustainable Development Goals (SDGs), Development Goals (SDGs), while also
sekaligus memperkuat arah transformasi strengthening the direction toward a more
menuju portofolio investasi yang lebih sustainable investment portfolio for the future.
berkelanjutan bagi masa depan.
I N V ESTA S I PA DA PROY E K YA N G B E RWAWA SA N LI N G KU N GA N (DA L A M J UTA RU PI A H)
INVESTMENT IN ENVIRONMENTALLY FRIENDLY PROJECTS (IN MILLION RUPIAH)
PROYEK
2025 2024 2023
PROJECTS
Pembangkit tenaga panas bumi (geothermal)
48.020 48.020 48.020
Geothermal power plants
Bus listrik
4.164 3.590 2.486
Electric bus
Lainnya
14.094 15.045 11.343
Others
TOTAL 66.278 66.655 61.940
PENGGUNAAN MATERIAL DAUR ULANG USE OF RECYCLED MATERIALS
Integrasi material daur ulang mulai diterapkan oleh Several BNBR subsidiaries within the manufacturing
sejumlah anak usaha BNBR di sektor manufaktur sector have started implementing recycled-material
sebagai bagian dari upaya meningkatkan integration as part of efforts to improve production
efisiensi produksi dan mendukung keberlanjutan. efficiency and support sustainability. One example,
Salah satu contohnya dilakukan oleh PT Bakrie PT Bakrie Autoparts (BA) uses scrap from automotive
Autoparts (BA) melalui pemanfaatan scrap hasil component machining, which is processed back into
pemesinan komponen otomotif yang diolah raw materials for casting, reducing waste volume
kembali menjadi bahan baku proses pengecoran, and increasing productivity. [SEOJK F.5] [GRI 301-2]
sehingga volume limbah berkurang sekaligus
produktivitas meningkat. [SEOJK F.5] [GRI 301-2]
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Implementation Report Responsibility
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SISTEM PENGELOLAAN LIMBAH WASTE MANAGEMENT SYSTEMS
Pengelolaan limbah di lingkungan Grup dilakukan Waste management within the Group environment
dengan membagi limbah ke dalam dua kategori is conducted by categorizing waste into two main
utama, yaitu limbah Bahan Berbahaya dan Beracun types: Hazardous and Toxic Materials (B3) waste
(B3) serta limbah non-B3 dari aktivitas produksi and non-hazardous (non-B3) waste arising from
dan pendukung lainnya. Seluruh proses mengacu production activities and other supporting operations.
pada prinsip 3R (Reduce, Reuse, Recycle) yang The entire process complies with the 3Rs principle
dilengkapi prosedur penanganan dan pembuangan (Reduce, Reuse, Recycle), complemented by
sesuai ketentuan. [SEOJK F.14] [GRI 306-2] handling and disposal procedures in accordance
with regulations. [SEOJK F.14] [GRI 306-2]
Untuk limbah B3, pengawasan diterapkan sejak tahap
penyimpanan, pengumpulan, hingga pengangkutan, For B3 waste, supervision is implemented from the
sebelum diserahkan kepada mitra pengelola limbah storage, collection, to transportation prior to transfer
yang telah bekerja sama dengan perusahaan. Limbah to the waste management partners collaborating
cair, termasuk dari proses produksi, diolah melalui with the company. Liquid waste, including that
Instalasi Pengelolaan Air Limbah (IPAL) dengan generated from production processes, is treated
sistem sirkulasi atau sedimentasi ke tangki (sludge via a Wastewater Treatment Plant (WWTP) with a
retrieval) guna memastikan efektivitas pengolahan. circulation or sedimentation system within a tank
[SEOJK F.13] [GRI 306-3] [GRI 306-4] [GRI 306-5] (sludge retrieval) to ensure treatment efficacy.
[SEOJK F.13] [GRI 306-3] [GRI 306-4] [GRI 306-5]
Hasil pengolahan limbah cair dipantau dan diuji
secara berkala oleh laboratorium bersertifikat, The results of liquid waste treatment are monitored
kemudian dilaporkan kepada Dinas Lingkungan Hidup and periodically tested by a certified laboratory, then
di masing-masing wilayah operasional. Sepanjang reported to the Environmental Agency within each
tahun pelaporan, tidak terdapat pelepasan polutan operational region. Throughout the reporting year,
signifikan maupun insiden tumpahan besar di area there have been no significant pollutant discharges
operasional perusahaan dan entitas anak. [SEOJK F.15] or major spill incidents within the company’s
operational areas and subsidiaries. [SEOJK F.15]
3R WASTE
MANAGEMENT
REDUCE RE-USE RE-CYCLE
Upaya mengurangi Upaya Upaya daur ulang
limbah/sampah melalui menggunakan baik secara internal
program efisiensi kembali material ataupun dikelola oleh pihak
ketiga yang berizin
Efforts to reduce Efforts to utilize
waste amount through the used materials Efforts to recycle,
operations efficiency both conducted internally
as well as managed by
other competent party
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LIMBAH YANG DIHASILKAN (TON)
UNIT 2025
WASTE GENERATED (TON)
Limbah Berbahaya (B3)
Hazardous Waste
Limbah B3 Padat | Solid Hazardous Waste ton 9.100
793,26
LImbah B3 Cair | Liquid Hazardous Waste ton 363
Total Limbah Berbahaya (B3) | Total Hazardous Waste ton 9.463
ton
Limbah Tidak Berbahaya (Non-B3)
Non-Hazardous Waste
Limbah Non-B3 Padat | Non-Hazardous Solid Waste ton 16.146
Limbah Non-B3 Cair | Non-Hazardous Liquid Waste ton 19.779
Total Limbah Tidak Berbahaya (Non-B3)
ton 98.087
Total Non-Hazardous Waste
Keterangan: Perubahan metode pengumpulan data limbah yang dihasilkan pada tahun 2025 TOTAL LIMBAH
yang mencakup 15 entitas.
Note: There is a change to the waste generated data collection methods in 2025 across 15 entities.
YANG BERHASIL
JU M L AH LI M BAH B ERDA SARK AN M ETODE PENG ELOL A AN LI M BAH
DI DAUR ULANG
TOTAL WASTE BASED ON WASTE MANAGEMENT METHOD
PADA TAHUN
METODE PENGELOLAAN LIMBAH
WASTE MANAGEMENT METHODS
UNIT 2025
2025 (pihak ketiga)
Internal
Daur Ulang | Recycling ton 184
Tempat Pembuangan Akhir | Landfills ton 2.100 TOTAL WASTE
Penyimpanan di Tempat | Onsite Storage ton 2.043 SUCCESSFULLY
Pihak Ketiga – Eksternal
Third party -External RECYCLED IN
Penggunaan Kembali | Reuse ton 0,50
Pembakaran | Incineration ton 2,72
2025 (Third Party)
Daur Ulang | Recycling ton 793,26
Tempat Pembuangan Akhir | Landfills ton 71
Keterangan: Perubahan metode pengumpulan data limbah yang dihasilkan pada tahun 2025
yang mencakup 15 entitas.
Note: There is a change to the waste generated data collection methods in 2025 across 15 entities.
PENGENDALIAN DAMPAK TERHADAP CONTROL OF IMPACTS ON
KAWASAN KONSERVASI ATAU CONSERVATION AREAS OR AREAS
KAWASAN DENGAN KEANEKARAGAMAN WITH HIGH-BIODIVERSITY [SEOJK F.9]
HAYATI TINGGI [SEOJK F.9][SEOJK [SEOJK F.10][GRI 304-1][GRI 304-3]
F.10][GRI 304-1][GRI 304-3] All operational facilities of BNBR are located
Seluruh fasilitas operasional BNBR berada di within government-designated industrial zones;
kawasan industri yang telah ditetapkan pemerintah, consequently, there are no plans to build new
sehingga tidak terdapat rencana pembangunan facilities within or near conservation areas or
fasilitas baru di dalam maupun di sekitar area regions characterized by high biodiversity. The
konservasi atau wilayah dengan keanekaragaman Company’s commitment to protect ecologically
hayati tinggi. Komitmen perlindungan kawasan significant regions continues to be upheld as part
bernilai ekologis tetap dijalankan sebagai bagian of the Company’s environmental responsibilities.
dari tanggung jawab lingkungan perusahaan.
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PENGHIJAUAN REFORESTATION
Program “Hijau untuk Negeri” menjadi salah satu The “Hijau Untuk Negeri” program is one of the
inisiatif utama dalam memperkuat kualitas lingkungan main initiatives to strengthen environmental quality
sekaligus mendukung pemulihan ekosistem. and supporting ecosystem recovery. Throughout
Sepanjang 2025, kegiatan penghijauan dilaksanakan 2025, reforestation efforts were carried out in
bersama Yayasan Bakrie Amanah, termasuk collaboration with the Bakrie Amanah Foundation,
penanaman mangrove yang berperan penting including mangrove planting, which plays a vital role
menjaga keseimbangan ekosistem pesisir. Langkah in maintaining the balance of coastal ecosystems.
ini menunjukkan konsistensi perusahaan dalam This step demonstrates the company’s consistency in
menjaga kelestarian alam sekaligus memperkuat daya preserving nature while concurrently bolstering the
dukung lingkungan bagi kehidupan berkelanjutan. environment’s capacity to sustain sustainable life.
PENGEMBANGAN BUDAYA FOSTERING AN ECO-FRIENDLY CULTURE
RAMAH LINGKUNGAN DALAM WITHIN THE COMPANY [SEOJK F.1]
PERUSAHAAN [SEOJK F.1] Various education and socialization programs have
Berbagai program edukasi dan sosialisasi telah been integrated to foster environmental awareness
diintegrasikan untuk menumbuhkan kesadaran among all stakeholders. The focus of these activities
lingkungan di seluruh pemangku kepentingan. Fokus includes waste reduction, waste management,
kegiatan meliputi pengurangan limbah, pengelolaan recycling, and environmental conservation practices.
sampah, daur ulang, serta praktik pelestarian These efforts strengthen the development of a
lingkungan. Upaya ini memperkuat pembentukan greener and more responsible work culture.
budaya kerja yang lebih hijau dan bertanggung jawab.
AIR QUALITY MANAGEMENT AND
PENGELOLAAN KUALITAS UDARA DAN EMISSION CONTROL [SEOJK F.12]
PENGENDALIAN EMISI [SEOJK F.12] A series of operational steps are implemented
Serangkaian langkah operasional diterapkan to maintain air quality while lowering
untuk menjaga kualitas udara sekaligus greenhouse gas emissions from industrial
menekan emisi gas rumah kaca dari aktivitas activities. These initiatives include:
industri. Inisiatif tersebut meliputi:
♦ Installation of exhaust fan dust collectors,
♦ Pemasangan exhaust fan dust collector, ventilasi, ventilation systems, and smoke stacks with filters.
dan cerobong asap yang dilengkapi filter. ♦ Greening efforts in open areas of
♦ Upaya penghijauan di area ruang the factory environment.
terbuka pada lingkungan pabrik. ♦ Implementation of routine emissions testing
♦ Penerapan uji emisi rutin setiap enam bulan every six months at each subsidiary for
sekali di tiap anak perusahaan terhadap operational vehicles, production machinery,
kendaraan operasional, mesin produksi, genset, generators, or other heavy equipment to ensure
atau alat-alat berat lainnya agar memenuhi compliance with established safety thresholds.
ambang batas aman yang ditetapkan. ♦ Prohibiting the use of refrigerants
♦ Melarang penggunaan refrigeran yang containing chlorofluorocarbons (CFCs)
mengandung chlorofluorocarbon (CFC) pada in air conditioning units (AC).
unit pendingin udara (Air Conditioner, AC). ♦ Prioritizing the use of high-efficiency
♦ Mengutamakan penggunaan peralatan equipment that uses refrigerants with an
efisiensi tinggi dan yang beroperasi dengan Ozone Depletion Potential (ODP) of 0 and
refrigerant, bernilai ODP 0 dan Global a low Global Warming Potential (GWP).
Warming Potential (GWP) yang rendah. ♦ Integrating the latest technology to improve
♦ Mengintegrasi teknologi terbaru yang dapat efficiency and reduce emission levels.
meningkatkan efisiensi serta menekan ♦ Routine maintenance of all facilities to reduce
tingkat emisi seminimal mungkin. and avoid the use of chemicals containing
♦ Perawatan rutin di semua fasilitas untuk Ozone Depleting Substances (ODS), which
mengurangi dan menghindari penggunaan harm the Earth’s protective ozone layer.
bahan kimia mengandung Ozone Depleting
Substances (ODS), yang mengakibatkan
rusaknya lapisan ozon pelindung bumi.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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Pemantauan menunjukkan kualitas udara ambien
maupun emisi cerobong berada dalam batas Monitoring indicates that ambient air quality and
standar regulasi sepanjang 2025. Dalam periode chimney emissions remain within regulatory standards
pelaporan tahun 2025, Perseroan telah memperbarui throughout 2025. During the 2025 reporting period,
inventarisasi emisi gas rumah kaca (GRK) secara the Company has updated its greenhouse gas (GHG)
menyeluruh sehingga data yang disajikan menjadi emissions inventory to ensure more comprehensive
lebih komprehensif dan akurat. Berdasarkan hasil and accurate data. Based on the latest inventory, total
inventarisasi terbaru, total emisi GRK dari cakupan GHG emissions from Scope 1 (direct emissions) and
1 (emisi langsung) dan cakupan 2 (emisi tidak Scope 2 (indirect emissions from electricity) amounted
langsung dari listrik) tercatat sebesar 3.442.879 to 3,442,879 tCO₂e, while total emissions including
tCO₂e, sedangkan total emisi termasuk cakupan Scope 3 reached 302,409,219 tCO₂e. [ [SEOJK F.11]
3 mencapai 302.409.219 tCO₂e. [SEOJK F.11] [GRI 305-1][GRI 305-2][GRI 305-3][GRI 305-4]
[GRI 305-1][GRI 305-2][GRI 305-3][GRI 305-4]
EMISI GRK (TCO₂E)
2025
GHG EMISSIONS (TCO₂E)
Cakupan 1 – Emisi Langsung EMISI GRK CAKUPAN 1 DAN 2
1.507.357
Scope 1 — Direct Emissions GHG EMISSION SCOPE 1 AND 2
Emisi langsung dari
pembakaran Stasioner 940.264
Stationary combustion
Emisi langsung dari
pembakaran bergerak 566.883
Mobile combustion
27%
Emisi langsung dari proses pengolahan
48
Process emissions
Emisi fugitive langsung
162
Fugitive emissions
56%
Cakupan 2 - Emisi Tidak
Langsung (listrik)
1.936.059
Scope 2 — Indirect
Emissions (Electricity) 16%
Cakupan 3 - Emisi Tidak Langsung
895.213
Scope 3 — Other Indirect Emissions
Perjalanan Dinas
298.723
Business travel
Transportasi dan distribusi hulu
258.476
Upstream transport & distribution
Transportasi dan distribusi hilir
257.326
Downstream transport & distribution
Pembelian Barang dan Jasa|
80.358
Purchased goods & services
Total Emisi (Cakupan 1 dan 2)
3.443.416
TOTAL EMISSIONS (Scope 1 dan 2)
Total Emisi (Cakupan 1,2, dan 3)
4.338.629
TOTAL EMISSIONS (Scope 1 , 2 and 3)
Keterangan:
Perubahan metode pengumpulan data emisi GRK pada tahun 2025 yang
mencakup 15 entitas.
Note:
There is a change to GHG emissions data collection methods in 2025
across 15 entities.
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TRANSISI BNBR MENUJU BISNIS BNBR’S TRANSITION TO
BERKELANJUTAN & KOMITMEN SUSTAINABLE BUSINESS &
UNTUK MENDUKUNG TARGET COMMITMENT TO SUPPORT
INDONESIA DALAM MENCAPAI NET INDONESIA’S TARGET TO ACHIEVE
ZERO EMISSIONS DI TAHUN 2060 NET ZERO EMISSIONS BY 2060
“Penerapan prinsip ESG (Environment, “We implement the ESG (Environment,
Social, and Governance) kami tempatkan Social, and Governance) principles as the
sebagai fondasi dalam setiap pengambilan foundation in all decision-making processes
keputusan dan aktivitas operasional and operational activities of the Company.
Perseroan. Tidak hanya berfokus pada Our focus extends beyond the growth and
pertumbuhan dan pengembangan unit developing business units; we are also
bisnis, kami juga mengarahkan transformasi driving a technology-led industry transition
industri berbasis teknologi untuk mendukung toward a lower-carbon, resource-efficient
transisi menuju model bisnis yang lebih business model”- Anindya Novyan Bakrie,
hijau, berkelanjutan, dan bertanggung jawab President Director and CEO of BNBR
terhadap lingkungan.” - Anindya Novyan
Bakrie, Presiden Direktur dan CEO BNBR
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MEMPERCEPAT TRANSFORMASI ACCELERATING TRANSPORTATION
TRANSPORTASI MENUJU TRANSFORMATION TOWARDS
ERA KENDARAAN LISTRIK THE ELECTRIC VEHICLE ERA
Komitmen mendorong transisi transportasi Our commitment to advancing the transition
rendah emisi kami wujudkan melalui to low-emission transportation is realized
pengembangan ekosistem kendaraan listrik through the development of an electric vehicle
bersama PT VKTR Teknologi Mobilitas Tbk ecosystem in collaboration with PT VKTR
(VKTR). Kolaborasi dengan berbagai pihak Teknologi Mobilitas (VKTR). Collaborations
diarahkan untuk mendukung target transisi with various parties are intended to support
transportasi DKI Jakarta menuju 100% pada DKI Jakarta’s transportation transition target
2030 serta rencana induk Jawa Barat dalam to achieve 100% by 2030, as well as West
penerapan angkutan umum berbasis listrik. Java’s master plan for the implementation
Upaya ini sekaligus memperkuat kontribusi of electric-based public transportation.
Perseroan terhadap peningkatan Tingkat This effort also strengthens the Company’s
Konten Dalam Negeri melalui solusi teknologi contribution to increasing the Domestic
transportasi yang andal dan bebas emisi. Content Level through reliable and emission-
free transportation technology solutions.
Pertumbuhan kinerja VKTR tercermin dari
pendapatan VKTR yang meningkat signifikan VKTR’s performance growth is reflected in
sebesar 61,89% hingga akhir 2025, dengan its revenue, which has increased significantly
penjualan bus listrik sebagai kontributor by 61.89% by the end of 2025, with sales
utama senilai Rp215,6 miliar dari 53 unit. of electric buses as the main contributor,
Setelah tercatat di Bursa Efek Indonesia dan amounting to Rp215.6 billion from 53 units.
memperluas fasilitas pabrik perakitan bus Following its listing on the Indonesia Stock
serta truk listrik di Magelang, Jawa Tengah, Exchange and the expansion of its electric
VKTR kini menjajaki kerja sama strategis bus and truck assembly facilities in Magelang,
dengan sejumlah perusahaan otomotif global Central Java, VKTR is now exploring
untuk pengembangan EV Mining Truck dan strategic partnerships with several global
EV truck, sekaligus memperluas jaringan automotive companies for the development
distribusi melalui kemitraan dengan dealer of EV Mining Trucks and EV trucks, while
lokal di berbagai kota besar Indonesia. simultaneously expanding its distribution
network through partnerships with local
Produksi kendaraan listrik juga diperkuat dealers in major cities across Indonesia.
melalui perusahaan patungan PT VKTR
Sakti Industries (VKTS) di Magelang yang Electric vehicle production is also
memproduksi bus listrik dan truk listrik strengthened through the joint venture PT
secara Completely Knock-Down (CKD). VKTR Sakti Industries (VKTS) in Magelang,
Untuk mempercepat elektrifikasi transportasi which manufactures electric buses and
nasional, Perseroan turut menandatangani trucks via the Completely Knock-Down (CKD)
joint cooperation dengan perusahaan method. To accelerate national transportation
original equipment manufacturer (OEM) tier electrification, the Company has also
0.5—penyedia solusi platform listrik yang signed a joint cooperation agreement with
merupakan bagian dari produsen baterai a tier 0.5 original equipment manufacturer
terbesar di dunia—sebagai langkah strategis (OEM)—a provider of electric platform
mendukung target Net Zero Emission 2060. solutions that is part of the world’s largest
battery manufacturer—as a strategic step to
support the 2060 Net Zero Emission target.
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OPTIMALISASI INFRASTRUKTUR OPTIMIZATION OF NEW
ENERGI BARU DAN TERBARUKAN AND RENEWABLE ENERGY
DENGAN SOLUSI PLTS ATAP INFRASTRUCTURE WITH ROOFTOP
Kesadaran akan pentingnya transisi energi
SOLAR POWER PLANT SOLUTIONS
global mendorong BNBR mempercepat Awareness of the importance of the global
pengembangan infrastruktur energi baru energy transition motivates BNBR to accelerate
terbarukan melalui PT Bakrie Power dan the development of new renewable energy
entitas anaknya, PT Helio Synar Energi infrastructure through PT Bakrie Power
(Helio). Arah strategis ini tidak hanya berfokus and its subsidiary, PT Helio Synar Energi
pada perlindungan lingkungan, tetapi juga (Helio). This strategic direction not only
pada penciptaan nilai berkelanjutan bagi focuses on environmental protection but
generasi mendatang melalui penguatan also aims to generate sustainable value
portofolio bisnis energi hijau. for future generations by strengthening
the green energy business portfolio.
Realisasi konkret terlihat dari pembangunan
fasilitas Pembangkit Listrik Tenaga Surya (PLTS) Concrete realization can be seen in the
Atap di pabrik PT Braja Mukti Cakra (BMC) construction of a rooftop Solar Power Plant
dengan kapasitas 317,7 kWp yang mampu (PLTS) at PT Braja Mukti Cakra (BMC), with a
menghasilkan hingga 434 MWh listrik per tahun. capacity of 317.7 kWp, capable of generating up
Sistem ini tidak hanya memenuhi kebutuhan to 434 MWh of electricity annually. This system
energi operasional, tetapi juga menekan emisi not only fulfills operational energy demands
CO₂ hingga 415 ribu kg per tahun—setara but also reduces CO₂ emissions by as much as
dengan penyerapan karbon oleh sekitar 415,000 kg annually—equivalent to the carbon
15.000 pohon. Implementasi ini menegaskan absorption of approximately 15,000 trees. This
komitmen BNBR yang didukung penuh implementation reaffirms BNBR’s commitment,
oleh KTB dalam mempercepat transformasi fully supported by KTB, to accelerate the
menuju operasional yang lebih hijau. transition toward greener operations.
Selain itu, melalui kolaborasi antara PT Bakrie In addition, through the collaboration
Pipe Industries (BPI) dan PT Helio Synar Energi between PT Bakrie Pipe Industries (BPI) and
telah diselesaikan pembangunan instalasi PT Helio Synar Energi (Helio), installation of
PLTS Atap di fasilitas BPI di Bekasi, Jawa a rooftop Solar Power Plant was completed
Barat, dengan kapasitas mencapai 500 kWp. at BPI facility in Bekasi, West Java, with a
Proyek ini tidak hanya berkontribusi pada capacity of 500 kWp. This project contributes
pengurangan ketergantungan terhadap energi to reducing dependence on fossil-based
berbasis fosil, tetapi juga mampu menurunkan energy while lowering carbon emissions
emisi karbon sekitar 351,31 ton per tahun, by approximately 351.31 tons per year—
setara dengan penanaman sekitar 480 pohon equivalent to planting around 480 trees
setiap tahunnya, serta menghasilkan energi annually—and generating clean energy of
bersih sebesar 739.600 kWh per tahun. approximately 739,600 kWh per year.
Ke depan, Helio berencana untuk memperluas Looking ahead, Helio plans to further
instalasi PLTS Atap di berbagai fasilitas expand rooftop solar installations across
operasional Grup Bakrie dengan kapasitas various operational facilities within the
yang lebih besar, serta menjajaki peluang kerja Bakrie Group with larger capacities, while
sama dengan pelanggan di sektor komersial also exploring partnerships with commercial
dan industri dalam mendukung integrasi and industrial sector customers to support
energi terbarukan. Inisiatif ini merupakan renewable energy integration. This expansion
bagian dari strategi jangka panjang BNBR forms part of BNBR’s long-term strategy
dalam mengembangkan infrastruktur energi to develop clean energy infrastructure in
bersih yang selaras dengan tren global line with global energy transition trends.
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INVESTASI STRATEGIS DI STRATEGIC INVESTMENT IN
TEKNOLOGI KONSTRUKSI ECO-FRIENDLY CONSTRUCTION
RAMAH LINGKUNGAN TECHNOLOGY
Eksplorasi peluang bisnis berkelanjutan terus We continue in exploring sustainable business
kami lakukan melalui PT Modula Sustainability opportunities through PT Modula Sustainability
Indonesia (Modula) yang berfokus pada Indonesia (Modula), with a focus on the
subsektor teknologi konstruksi pencetakan tiga 3D concrete printing (3DCP) construction
dimensi (3DCP). Kemitraan strategis dengan technology subsector. A strategic partnership
COBOD International dari Denmark—salah satu with COBOD International from Denmark—one
perusahaan terkemuka di bidangnya—menjadi of the leading companies in its field—serves
fondasi pengembangan teknologi konstruksi as the foundation for the development of
inovatif yang efisien dan ramah lingkungan. innovative, efficient, and environmentally
friendly construction technology.
Inisiatif Modula sekaligus membuka jalur
transformasi bagi BNBR yang telah lama Modula’s initiative additionally provides
bergerak di industri bahan bangunan untuk a transformational pathway for BNBR
menghadirkan alternatif konstruksi yang which has been operating in the building
lebih cepat, presisi, dan berkelanjutan. materials industry, to introduce alternative
Dengan pendekatan ini, investasi teknologi construction methods that are more precise,
tidak hanya memperkuat daya saing and sustainable. Through this approach,
bisnis, tetapi juga mendukung percepatan technological investments not only strengthen
adopsi solusi konstruksi masa depan yang business competitiveness but also support the
selaras dengan prinsip keberlanjutan. acceleration of adopting future construction
solutions aligned with sustainability principles.
KEPATUHAN TERHADAP REGULASI
LINGKUNGAN HIDUP
COMPLIANCE WITH ENVIRONMENTAL
REGULATIONS [GRI 307-1] [SEOJK F.16]
Menjaga lingkungan yang sehat dan berkelanjutan Maintaining a healthy and sustainable environment
menjadi bagian penting dari pendekatan operasional is an important part of BNBR’s operational approach.
BNBR. Seluruh aktivitas bisnis dirancang dengan All business activities are designed in accordance
mengacu pada regulasi lingkungan yang berlaku with relevant environmental regulations to prevent
agar tidak menimbulkan dampak negatif, didukung negative impacts, reinforced by the implementation
penerapan standar operasional ketat, khususnya of strict operational standards, particularly
dalam penggunaan bahan kimia dan pengolahan concerning the use of chemicals and waste
limbah. Pemantauan serta evaluasi berkala juga management. Ongoing monitoring and assessment
dilakukan untuk memastikan setiap pihak yang terlibat are regularly performed to ensure that all parties
menjalankan ketentuan yang telah ditetapkan. involved adhere to the established provisions.
Pelaksanaan audit lingkungan dilakukan secara Environmental audits are conducted annually
rutin setiap tahun pada seluruh unit bisnis, across all business units, encompassing operational
mencakup kegiatan operasional, produksi, hingga activities, production, and project development.
pengembangan proyek. Proses ini sekaligus menjadi This process also serves as a strategic step to
langkah strategis untuk memperkuat implementasi strengthen the implementation of environmental
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pengelolaan lingkungan di seluruh lini usaha. management throughout all lines of business.
Penyempurnaan praktik pengelolaan lingkungan Continuous improvement of environmental
terus menjadi prioritas, sejalan dengan kebutuhan management practices remains a priority, in
inovasi dan peningkatan kinerja bisnis berkelanjutan. line with the necessity for innovation and the
advancement of sustainable business performance.
CSR DI BIDANG KETENAGAKERJAAN,
KESEHATAN, DAN KESELAMATAN KERJA
CSR IN THE FIELD OF LABOR, HEALTH,
AND OCCUPATIONAL SAFETY
6,3
TINGKAT
KECELAKAAN
0
HAK ASASI MANUSIA
HUMAN RIGHTS
ACCIDENT RATE
Pelanggaran yang dilaporkan.
Frekuensi terhadap total tenaga kerja Tidak terdapat pelanggaran yang
Frequency per total workforce dilaporkan di seluruh entitas
0% tingkat fatalitas
fatality rate
Violations reported. Clean
record across all entities
Komitmen terhadap keberlanjutan usaha BNBR tidak BNBR recognizes that employees are the
terlepas dari peran karyawan sebagai fondasi utama primary asset in achieving business progress
pencapaian kinerja. Karena itu, sebagai bentuk and sustainability. As part of our responsibility
tanggung jawab kepada seluruh insan kerja, program toward employees, we have implemented
Ketenagakerjaan, Kesehatan, dan Keselamatan Kerja Labor, Health, and Occupational Safety (OHS)
(K3) dijalankan dengan mengacu pada kerangka kerja programs based on the OHS Management
OHS Management Program. [SEOJK F.21] [GRI 403-1] Program framework. [SEOJK F.21] [GRI 403-1]
Acuan utama pelaksanaan K3 di lingkungan In implementing OHS, our guidelines refer to
BNBR adalah Company Health and Safety Policy the Company Health and Safety Policy ratified
yang disahkan pada 25 Januari 2013. Kebijakan on January 25, 2013. This policy is designed
ini dirumuskan untuk memastikan terciptanya to create a safe, healthy, and environmentally
tempat kerja yang aman, sehat, serta terbebas friendly workplace. Various efforts have been
dari dampak negatif terhadap lingkungan. made to achieve ideal occupational health and
Untuk mewujudkan standar kesehatan dan safety standards, including: [GRI 403-2]
keselamatan kerja yang optimal, berbagai
langkah berikut telah diterapkan: [GRI 403-2]
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♦ Identifikasi dan evaluasi terhadap aspek ♦ Identification and evaluation of aspects and
serta potensi ancaman kesehatan dan potential hazards related to occupational
keselamatan kerja serta menentukan health and safety, along with the
pengendalian terhadap risiko dan dampaknya determination of controls to mitigate risks
dalam tingkat yang dapat diterima. and their impacts to an acceptable level.
♦ Komitmen untuk mematuhi peraturan perundang- ♦ Commitment to comply with laws, regulations,
undangan dan persyaratan lainnya. and other pertinent requirements.
♦ Pencegahan kecelakaan kerja, cidera, ♦ Prevention of work-related accidents, injuries,
sakit di tempat kerja serta polusi. illnesses in the workplace, and pollution.
♦ Pengurangan limbah dan konsumsi energi. ♦ Reduction of waste and energy consumption.
♦ Pencatatan serta sosialisasi kinerja ♦ Recording and socialization of OHS performance.
kesehatan dan keselamatan kerja. ♦ Ensuring the management of hazardous
♦ Memastikan pengendalian terhadap conditions and behaviours that could lead
kondisi dan perilaku yang tidak aman to accidents or injuries on the job.
dan dapat mengakibatkan kecelakaan ♦ Continuous improvement in the
atau cedera di saat kerja. implementation of OHS..
♦ Perbaikan terus menerus dalam penerapan K3L.
OCCUPATIONAL HEALTH
PELATIHAN KESEHATAN DAN AND SAFETY TRAINING
KESELAMATAN KERJA
The Occupational Health and Safety (OHS) policies
Kebijakan Kesehatan dan Keselamatan Kerja (K3) di within BNBR and its subsidiaries continue to be
lingkungan BNBR dan anak usaha masih dipengaruhi influenced by the experiences gained during the
oleh pengalaman penanganan pandemi COVID-19 COVID-19 pandemic, which transpired several
yang terjadi beberapa tahun lalu. Risiko kecelakaan years earlier. The risk of work-related accidents
kerja dan kesehatan karyawan diantisipasi melalui and employee health are addressed through the
penerapan kebijakan OHS BNBR, kepatuhan terhadap implementation of BNBR’s OHS policies, compliance
standar internasional ISO serta OHSAS (Occupational, with international standards such as ISO and OHSAS
Health, and Safety Assessment Series), dan penguatan (Occupational, Health, and Safety Assessment
protokol kesehatan. Upaya tersebut juga diwujudkan Series), and the enhancement of health protocols.
melalui pelaksanaan pelatihan dan sosialisasi rutin These efforts are further supported by regular
terkait kriteria ISO dan OHSAS. [SEOJK F.21] [GRI 403-1] training sessions and socialization related to ISO
and OHSAS criteria. [SEOJK F.21] [GRI 403-1]
Berbagai program menjadi sarana evaluasi sekaligus
penguatan implementasi keselamatan dan kesehatan Various programs serve as tools to evaluate
kerja di lingkungan Perusahaan. Keterlibatan BNBR and strengthen occupational safety and health
dalam Program Lokakarya ISO 9001:2015, Program implementation within the company environment.
Pertolongan Pertama, Program Sosialisasi Pencegahan BNBR’s participation in the ISO 9001:2015 Workshop
Penyakit, Program Penanganan Bahan Berbahaya Program, First Aid Program, Disease Prevention
dan Beracun (B3), serta Program Pemadaman Socialization Program, Hazardous and Toxic Materials
Kebakaran menunjukkan konsistensi tersebut. (B3) Handling Program, and Fire Extinguishing
Dukungan tambahan pada tahun 2025 diwujudkan Program exemplifies this consistency. Additional
melalui pelaksanaan kegiatan berikut: [GRI 403-5] support in 2025 has been demonstrated through the
implementation of the following activities: [GRI 403-5]
♦ Lokakarya dan implementasi Sistem
Manajemen K3 berbasis ISO 45001:2018 ♦ Workshops and implementation of
♦ Penggunaan Alat Pelindung Diri (APD) dan Occupational Health and Safety Management
keselamatan kerja, termasuk bekerja di ketinggian System based on ISO 45001:2018
♦ Peningkatan kewaspadaan dan ♦ Use of Personal Protective Equipment
pengendalian lingkungan kerja melalui (PPE) and occupational safety practices,
program Safety Awareness, simulasi including working at height
tanggap darurat, dan kegiatan P2K3 ♦ Enhancement of workplace awareness and
♦ Pengelolaan bahan berbahaya (B3), environmental control through Safety Awareness
termasuk pemahaman Material Safety Data programs, emergency response simulations,
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Sheet (MSDS) dan pelatihan penanganan and OHS committee (P2K3) activities
tumpahan bahan kimia (spill response) ♦ Hazardous materials (B3) management,
♦ Pelatihan keselamatan pengangkatan including understanding of Material Safety Data
dan penggunaan peralatan kerja (lifting), Sheets (MSDS) and spill response training
termasuk crane dan peralatan bertekanan ♦ Lifting and equipment safety training, including
♦ Pelatihan identifikasi bahaya, penilaian risiko, cranes and pressurized equipment operations
dan penerapan perilaku kerja aman ♦ Hazard identification, risk assessment,
♦ Pelatihan pencegahan dan penanggulangan and safe work behavior training
kebakaran, termasuk penggunaan APAR ♦ Fire prevention and firefighting training, including
dan simulasi pemadaman kebakaran the use of fire extinguishers and fire drills
♦ Pelatihan keselamatan kelistrikan, ♦ Electrical safety training, including high-voltage
termasuk keselamatan tegangan tinggi safety and relevant technical certifications
dan sertifikasi teknis terkait
♦ Trainings related to green industry
♦ Pelatihan terkait industri hijau and green productivity.
dan green productivity
The consistency of health and safety policy
Konsistensi implementasi kebijakan kesehatan implementation across all lines is maintained through
dan keselamatan kerja di seluruh lini dijaga melalui the establishment of the Occupational Health and
pembentukan Panitia Pembina Kesehatan dan Safety Supervisory Committee (P2K3) at the BNBR
Keselamatan Kerja (P2K3) di tingkat Grup BNBR. Group level. This committee comprises employee
Komite ini beranggotakan perwakilan karyawan representatives from each business unit, who are
dari setiap unit usaha yang bertugas mengawasi responsible for overseeing and implementing
sekaligus menjalankan program K3. Tanggung OHS programs. The responsibility to implement
jawab penerapan seluruh aspek K3, mulai dari all aspects of OHS, including providing Personal
penyediaan Personal Protective Equipment (PPE) Protective Equipment (PPE) and establishing the OHS
hingga pembentukan Komite Manajemen K3, tetap Management Committee, resides with each subsidiary
berada pada masing-masing anak perusahaan in accordance with the stipulations of the Collective
sesuai ketentuan dalam Perjanjian Kerja Bersama Labour Agreement (CLA). Detailed information
(PKB). Rincian posisi, tugas, dan tanggung regarding the positions, duties, and responsibilities
jawab P2K3 dapat dilihat pada PKB berikut: of P2K3 can be found in the following CLA:
♦ PKB dari PT Bakrie Autoparts ♦ CLA from PT Bakrie Autoparts
(BA) Bab VIII Pasal 55 (BA) Chapter VIII Article 55
♦ PKB dari PT Bakrie Construction ♦ CLA from PT Bakrie Construction
(BCons) Bab VIII Pasal 56-58 (BCons) Chapter VIII Article 56-58
♦ PKB dari PT Bakrie Metal Industries ♦ CLA from PT Bakrie Metal Industries
(BMI) Bab IX Pasal 51 (BMI) Chapter IX Article 51
♦ PKB dari PT Bakrie Pipe Industries ♦ CLA from PT Bakrie Pipe Industries
(BPI) Bab VII Pasal 45 (BPI) Chapter VII Article 45
♦ PKB dari PT Bina Usaha Mandiri ♦ CLA from PT Bina Usaha Mandiri
Mizusawa (BUMM) Pasal 4 Mizusawa (BUMM) Article 4
♦ PKB dari PT Braja Mukti Cakra ♦ CLA from PT Braja Mukti Cakra
(BMC) Bab X Pasal 62 (BMC) Chapter X Article 62
♦ PKB dari PT Multi Kontrol Nusantara ♦ CLA from PT Multi Kontrol Nusantara
(MKN) Bab VIII Pasal 40 (MKN) Chapter VIII Article 40
♦ PKB dari PT South East Asia Pipe ♦ CLA from PT South East Asia Pipe Industries
Industries (SEAPI) Bab VIII Pasal 44 (SEAPI) Chapter VIII Article 44
KESEHATAN [GRI 403-3] HEALTH [GRI 403-3]
Lingkungan kerja yang sehat dan produktif menjadi A healthy, productive work environment is the
sasaran utama berbagai kebijakan kesejahteraan primary objective of employee welfare policies at
karyawan di Grup BNBR. Untuk mendukung tujuan BNBR Group. To support this, all subsidiaries are
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tersebut, seluruh anak perusahaan didorong encouraged to actively participate in reducing
berpartisipasi aktif dalam menekan dampak workplace health-related issues. The following
masalah kesehatan di tempat kerja. Sejumlah initiatives are outlined as proactive steps to prevent
inisiatif berikut dirancang sebagai langkah antisipatif potential disruptions to employee performance:
terhadap potensi gangguan kinerja karyawan:
♦ Prioritizing treatment and prevention of diseases.
♦ Mengutamakan pengobatan dan ♦ Organizing sports activities.
pencegahan terhadap penyakit.
♦ Providing various health facilities,
♦ Penyelenggaraan kegiatan olahraga. including sports and medical facilities.
♦ Menyediakan berbagai fasilitas kesehatan, ♦ Offering medical fund assistance for
seperti fasilitas olahraga dan fasilitas medis employees with health concerns.
♦ Penyediaan dana pengobatan bagi karyawan ♦ Delivering counselling and outreach to
yang mempunyai masalah kesehatan. employees in need, especially regarding
♦ Menyediakan konseling dan penyuluhan work-related health issues.
kepada karyawan yang membutuhkan,
terutama terkait masalah kesehatan yang
berhubungan dengan pekerjaan.
OCCUPATIONAL SAFETY [GRI 403-2]
The Zero Accidents target has become the primary
focus of BNBR’s occupational safety management
KESELAMATAN KERJA [GRI 403-2]
and all its subsidiaries. Industry standards are
Target Kecelakaan Nihil menjadi arah utama referenced in designing, operating, and maintaining
pengelolaan keselamatan kerja BNBR dan seluruh all facilities to ensure their optimal and safe
anak usaha. Standar industri dijadikan acuan dalam functioning. Risk prevention is implemented
merancang, mengoperasikan, dan memelihara through strict supervision and routine monitoring
seluruh fasilitas agar berfungsi optimal dan aman. of safety indicators. Comprehensive reviews of
Pencegahan risiko dilakukan melalui pengawasan each OHS incident and enhanced awareness
ketat serta pemantauan rutin indikator keselamatan. among all personnel regarding accredited safety
Evaluasi menyeluruh atas setiap insiden K3L dan procedures are continuously conducted as part
peningkatan kesadaran seluruh personel terhadap of ongoing safety policy improvements.
prosedur operasi berbasis K3L terakreditasi terus
dilakukan sebagai bagian dari penyempurnaan
6,3
kebijakan keselamatan yang berkelanjutan.
KESELAMATAN KERJA
2025
WORKPLACE SAFETY FREKUENSI KECELAKAAN
Tingkat frekuensi kecelakaan (konsolidasi) KERJA DARI TOTAL PEGAWAI
6,3
Accident frequency rate (consolidated) FREQUENCY OF WORK ACCIDENTS
Tingkat cedera serius (%) FROM TOTAL EMPLOYEES
0,0%
Serious injury rate (%)
0,5
Kecelakaan Tenaga Kerja Internal
Internal Workforce Accidents
Cedera berat | Major injuries 2
Cedera ringan | Minor injuries 6
Hari Kerja Hilang (Hari) | Lost-time injury (days) 8 PERSENTASE KECELAKAAN
KERJA SERIUS YANG BERAKIBAT
Kecelakaan Kontraktor/Vendor CEDERA SERIUS DAN FATAL
Contractor / Vendor Accidents DARI TOTAL PEGAWAI (%)
Cedera berat | Major injuries 0 PERCENTAGE OF SERIOUS WORK
ACCIDENTS RESULTING IN SERIOUS AND
Cedera ringan | Minor injuries 1
FATAL INJURIES TO ALL WORKERS (%)
Hari Kerja Hilang (Hari) | Lost-time injury (days) 1
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SERTIFIKASI TERKAIT KESEHATAN
DAN KESELAMATAN KERJA 2025
2025 OCCUPATIONAL HEALTH AND SAFETY
CERTIFICATION [SEOJK F.21] [GRI 403-1]
KESEMPATAN KERJA YANG ADIL EQUAL EMPLOYMENT OPPORTUNITY
[SEOJK F.18] [GRI 405-1] [SEOJK F.18] [GRI 405-1]
Sinergi yang tumbuh dari keberagaman menjadi The synergy that grows from diversity has become
kekuatan utama yang terus BNBR bangun dalam the main strength that BNBR continually cultivates
lingkungan kerja. Prinsip “Kebersamaan” kami within the workplace. We uphold the principle of
tempatkan sebagai fondasi untuk memastikan proses ‘Togetherness’ as the foundation to ensure that the
rekrutmen di BNBR dan seluruh unit anak usaha recruitment process at BNBR and all subsidiary units
berjalan terbuka tanpa diskriminasi, baik melalui is carried out in a transparent manner and free from
rekrutmen internal guna mempercepat mobilitas discrimination, whether through internal recruitment
karier maupun rekrutmen eksternal untuk menjaring to accelerate career progression or external
talenta berkualitas. Evaluasi berkala dilakukan pada recruitment to attract high-calibre talent. Regular
setiap tahapan seleksi dengan mengukur parameter evaluations are performed at each selection stage by
kesetaraan, keragaman, dan inklusi agar data assessing parameters related to equality, diversity,
yang dihasilkan mampu menjadi dasar identifikasi and inclusion, with the collected data serving as a
sekaligus perbaikan atas potensi kesenjangan. basis for identifying and addressing potential gaps.
Lingkungan kerja yang adil dan inklusif kami wujudkan We realize a fair and inclusive workplace environment
melalui penerapan kebijakan ketenagakerjaan through the implementation of equal employment
yang setara di seluruh lini. Untuk mendukung policies across all lines. To enhance operational
produktivitas operasional, Grup BNBR menerapkan productivity, the BNBR Group applies a work
skema perjanjian kerja yang berlaku setara bagi agreement scheme that is uniformly applicable to both
karyawan tetap maupun kontrak, mencakup aspek permanent and contract employees, encompassing
K3L, kesetaraan remunerasi, serta pengembangan aspects of K3L (Health, Safety, and Environment),
diri dan pelatihan kompetensi. Pendekatan ini remuneration equality, as well as self-development
memastikan setiap individu memperoleh peluang yang and competency training. This approach ensures
sama untuk berkembang secara optimal sekaligus that all individuals have equal opportunities for
memperkuat keberlanjutan kinerja organisasi. optimal development while also strengthening the
sustainability of organizational performance.
KESETARAAN REMUNERASI
REMUNERATION EQUALITY
Pemenuhan hak kompensasi yang setara bagi seluruh
karyawan menjadi bagian penting dari komitmen Remuneration Equality
Grup BNBR terhadap praktik ketenagakerjaan yang
adil. Karena itu, tidak ada perbedaan perlakuan Ensuring equitable compensation rights for all
dalam pemberian remunerasi antara karyawan wanita employees is an important part of BNBR Group’s
dan pria. Sistem pengupahan dirancang adil dan commitment to fair labor practices. Consequently,
kompetitif sebagai bentuk apresiasi terhadap kinerja there is no distinction in remuneration treatment
sekaligus pendorong produktivitas, dengan gaji yang between female and male employees. The wage
selalu memenuhi regulasi Upah Minimum Regional system is designed to be equitable and competitive,
(UMR) di setiap wilayah operasional. Penetapan serving as a form of performance-based appreciation
remunerasi dan bonus dilakukan berdasarkan and an incentive for productivity, with salaries
penilaian kinerja tahunan, kompetensi individu, serta consistently aligned with the Regional Minimum
biaya hidup di masing-masing area operasional Wage (RMW) requirements in each operational area.
anak perusahaan. [GRI 405-2] [SEOJK F.20] Remuneration and bonuses are determined based
on annual performance assessments, individual
competencies, and the cost of living in each
subsidiary’s operational area. [GRI 405-2] [SEOJK F.20]
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Total remunerasi yang disalurkan kepada seluruh The total remuneration allocated to all employees
karyawan (di luar tenaga outsourcing) pada tahun (excluding outsourcing workers) in 2025 is
2025 mencapai Rp393,2 miliar, mencerminkan projected to amount to Rp393.2 billion, reflecting
konsistensi implementasi kebijakan kompensasi the consistent implementation of transparent and
yang transparan dan berbasis kinerja. performance-oriented compensation policies.
REM U N ER A SI & TU NJANGAN YANG DI B ERI K AN PADA K ARYAWAN TETAP & K ARYAWAN KONTR AK
REMUNERATION & BENEFITS PROVIDED TO PERMANENT EMPLOYEES & CONTRACT EMPLOYEES [GRI 401-2]
REMUNERASI & TUNJANGAN KARYAWAN TETAP KARYAWAN KONTRAK
REMUNERATION & BENEFITS PERMANENT EMPLOYEES CONTRACT EMPLOYEES
Upah dan gaji | Wages and salaries √ √
Dukungan untuk Perayaan Hari Besar Keagamaan
√ √
| Support for Religious Holiday Celebrations
Tunjangan Transportasi | Transport Allowance √ √
Cuti tahunan | Annual leave √ √
Penghargaan Masa Kerja | Working Period Reward √
Penghargaan Layanan Produksi | Production Services Reward √
Asuransi Kesehatan Pegawai (BPJS Kesehatan) |
Employee Health Insurance (BPJS Kesehatan)
Jaminan Sosial Tenaga Kerja (BPJS Tenaga Kerja) |
√ √
Worker Social Security (BPJS Tenaga Kerja)
Uang makan | Meal allowance √ √
Tunjangan jabatan | Positional allowance √ √
Tunjangan Duka Keluarga Karyawan |
√ √
Employees’ Family Grief Allowance
Tunjangan Shift | Shift Allowance √ √
Insentif Kehadiran Karyawan | Employee Attendance Incentives √ √
Tunjangan Telekomunikasi | Telecommunications Allowance √
Cuti hamil | Maternity leave √ √
Tunjangan Pernikahan | Marriage Allowance √ √
Cuti Haji/Umroh | Hajj/Umrah Leave √
Klinik Perusahaan | Company Clinic √ √
Bonus Tahunan | Yearly bonus √ √
Rekreasi | Recreation √ √
Tunjangan Pengganti | Replacement Allowance √ √
Tunjangan Keluarga | Family Allowance √
Tunjangan Pendidikan | Education Allowance √
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PELATIHAN DAN PENGEMBANGAN TRAINING AND DEVELOPMENT
[SEOJK F.22] [GRI 404-2] [SEOJK F.22] [GRI 404-2]
Penguatan kompetensi sumber daya manusia terus We continuously promote the strengthening of
kami dorong sebagai bagian dari strategi menjaga human resource competencies as a fundamental
keberlanjutan usaha. Kesempatan yang setara kami element of our strategic approach to ensure business
berikan kepada setiap karyawan untuk mengasah sustainability. We provide equal opportunities
keahlian melalui beragam program pelatihan to all employees to develop their skills through
dan pendampingan, sehingga pengembangan diverse training and mentoring programs, so
kapasitas individu berjalan selaras dengan that individual capacity development is aligned
kebutuhan organisasi dan target keberlanjutan with organizational needs and the company’s
Perusahaan. Upaya ini sekaligus memastikan sustainability targets. This effort also ensures that
setiap talenta mampu berkembang optimal serta all talent can achieve optimal development and
berkontribusi nyata terhadap pertumbuhan bisnis. make a tangible contribution to business growth.
Program pelatihan disusun dalam dua kategori The training programs are organized into two main
utama, yaitu Program Pelatihan Manajerial dan categories: Managerial and Leadership Training
Kepemimpinan serta Program Pelatihan Keterampilan Programs and Specialized Skills Training Programs. In
Khusus. Dalam merancang program jangka panjang the development of long-term sustainable programs,
yang berkelanjutan, BNBR bekerja sama dengan BNBR collaborates with Bakrie Learning Center
Bakrie Learning Center (BLC). Perencanaan program (BLC). The planning process for these programs
tersebut dilaksanakan melalui tahapan berikut: is conducted through the following stages:
1. Penilaian dan identifikasi bakat. 1. Assessment and identification of talents.
2. Implementasi Rencana Suksesi Bakrie 2. Implementation of the Bakrie Succession Plan.
3. Pengembangan program talent leadership melalui 3. Development of a talent leadership
Bakrie Leadership Development Program program through the Bakrie Leadership
4. Formulasi dan Sosialisasi Bakrie Development Program.
Values atau Trimatra Bakrie 4. Formulation and socialization of Bakrie
5. Melaksanakan Bakrie Engagement Program Values or the Bakrie Trimatra.
5. Executing the Bakrie Engagement Program.
Informasi rinci mengenai keseluruhan program
pelatihan dan pengembangan karyawan dapat dilihat Detailed information about the entire employee
pada bagian Sumber Daya Manusia dalam laporan ini. training and development program can be found
in the Human Resources section of this report.
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INVESTASI UNTUK MASA
DEPAN SDM INDONESIA
INVESTING IN THE FUTURE OF
INDONESIA’S HUMAN CAPITAL
Partisipasi Grup Bakrie dalam Program Pemagangan Nasional — MagangHub Kemnaker RI
The Bakrie Group’s Participation in the National Internship Programme —
MagangHub, Ministry of Manpower of the Republic of Indonesia
Akses terhadap pengalaman kerja yang Access to quality work experience remains
berkualitas masih menjadi salah satu one of the greatest structural barriers faced
hambatan struktural terbesar yang dihadapi by Indonesia’s recent graduates. The high
para lulusan baru Indonesia. Tingginya angka unemployment rate among graduates is
pengangguran di kalangan sarjana bukan not solely due to a lack of talent, but rather
semata disebabkan oleh kekurangan talenta, to the gap between academic preparation
melainkan oleh kesenjangan antara persiapan and real-world work readiness.
akademik dan kesiapan kerja di dunia nyata.
In response to this challenge, the Bakrie
Dalam rangka merespons tantangan ini, Grup Group is participating in MagangHub — a
Bakrie berpartisipasi dalam MagangHub national internship programme initiated by
— program pemagangan nasional yang the Ministry of Manpower of the Republic of
diinisiasi oleh Kementerian Ketenagakerjaan Indonesia (Kemnaker RI). This programme
Republik Indonesia (Kemnaker RI). Program is fully supported by various entities within
ini diikuti secara menyeluruh oleh berbagai the Bakrie Group ecosystem, encompassing
entitas di bawah ekosistem Grup Bakrie, 18 business units with a total of 138 interns
mencakup 18 unit bisnis dengan total lebih placed across various regions of Indonesia.
dari 138 pemagang yang ditempatkan
di berbagai wilayah Indonesia. As the parent company within the Bakrie
Group ecosystem, PT Bakrie & Brothers
Sebagai perusahaan induk dalam ekosistem Tbk (BNBR) plays an active role in this
Grup Bakrie, PT Bakrie & Brothers Tbk programme. In Batch 2 and Batch 3, BNBR,
(BNBR) turut berperan aktif dalam program together with its 9 business entities, placed
ini. Pada Batch 2 dan Batch 3, BNBR 77 interns across five regions, making
bersama 9 entitas bisnisnya menempatkan BNBR one of the largest contributors to
77 pemagang di lima wilayah, menjadikan this programme. This involvement is not
BNBR salah satu kontributor terbesar dalam merely symbolic participation — but a
program ini. Keterlibatan ini bukan sekadar reflection of the Company’s commitment to
partisipasi simbolis — melainkan cerminan actively building a talent pool that supports
dari komitmen Perseroan untuk secara long-term human resource needs.
aktif membangun cadangan talenta yang
mendukung kebutuhan SDM jangka panjang.
9
Entitas Bisnis BNBR
77
Pemagang BNBR
5
Wilayah
40+
Posisi yang
yang Berpartisipasi yang Ditempatkan Penempatan Ditawarkan
BNBR Business BNBR Interns Placed Placement Positions Offered
Entities Participating Regions
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TENTANG
MAGANGHUB
ABOUT MAGANGHUB
MagangHub adalah program pemagangan MagangHub is a nationally structured and
terstruktur dan terkoordinasi secara coordinated internship programme established
nasional yang dibentuk oleh Kemnaker RI by the Indonesian Ministry of Manpower
untuk menjembatani kesenjangan antara to bridge the gap between education and
pendidikan dan dunia kerja bagi lulusan the workplace for Indonesian graduates.
Indonesia. Program ini menyasar lulusan The programme targets diploma (D1–D4)
diploma (D1-D4) dan sarjana (S1) yang lulus and bachelor’s degree (S1) graduates who
dalam satu tahun terakhir, menempatkan have graduated within the last year, placing
mereka di lingkungan profesional selama them in professional environments for six
6 bulan. Peserta menerima tunjangan months. Participants receive a monthly
bulanan setara Upah Minimum Regional allowance equivalent to the applicable
(UMR/UMP) yang berlaku, dan perusahaan Regional Minimum Wage (UMR/UMP), and
yang berpartisipasi sebagai pemberi kerja participating companies, as employers,
berkomitmen pada sistem mentorship are committed to a structured mentoring
terstruktur serta pembelajaran berbasis peran. system and role-based learning.
Program ini beroperasi melalui platform resmi The programme operates through an official
yang dikelola Kemnaker RI, memastikan platform managed by the Indonesian Ministry
akuntabilitas di seluruh proses penempatan, of Manpower, ensuring accountability
kehadiran, dan kualitas program. Bagi throughout the placement process,
BNBR, MagangHub merupakan saluran attendance, and programme quality. For
resmi yang didukung pemerintah untuk BNBR, MagangHub is an official government-
berkontribusi secara bermakna terhadap backed channel to contribute meaningfully
pengembangan tenaga kerja nasional sekaligus to national workforce development whilst
menumbuhkan talenta dari akar rumput. nurturing talent from the grassroots.
“Partisipasi kami dalam MagangHub adalah investasi dalam modal manusia Indonesia
— dan dalam angkatan kerja BNBR di masa depan. Ketika kami mengembangkan
profesional muda dengan kompetensi nyata, kami sedang membangun cadangan
talenta yang akan menggerakkan BNBR selama satu dekade ke depan.”
“Our participation in MagangHub is an investment in Indonesia’s human capital —
and in BNBR’s future workforce. As we develop young professionals with real-world
competencies, we are building a talent pool that will drive BNBR for the next decade.”
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HAK KARYAWAN [GRI 407-1] EMPLOYEE RIGHTS [GRI 407-1]
Lingkungan kerja yang adil dan inklusif kami bangun We establish a fair and inclusive workplace by
dengan memastikan perlindungan terhadap seluruh respecting the rights of all employees. This
hak karyawan. Komitmen ini tidak hanya diwujudkan commitment is demonstrated not only through rewards
melalui pemberian penghargaan dan kompensasi, and compensation but also through support for
tetapi juga melalui dukungan atas kebebasan freedom of association, expression of opinions, and
berserikat, menyampaikan pendapat, serta melakukan collective bargaining in accordance with relevant laws
perundingan kolektif sesuai ketentuan peraturan and regulations. These principles are essential for
perundang-undangan yang berlaku. Prinsip tersebut fostering healthy and sustainable industrial relations.
menjadi landasan penting dalam membangun
hubungan industrial yang sehat dan berkelanjutan. As a form of implementation, BNBR offers
comprehensive support to employees in forming
Sebagai bentuk implementasinya, BNBR or joining labor unions. We believe that upholding
memberikan dukungan penuh kepada karyawan these rights is a key factor in creating fair, balanced
untuk membentuk maupun bergabung dengan working conditions that benefit all parties involved.
serikat pekerja. Kami meyakini bahwa pemenuhan
hak tersebut merupakan faktor kunci dalam
menciptakan kondisi kerja yang adil, seimbang,
dan memberikan manfaat bagi seluruh pihak.
NAMA SERIKAT BURUH PADA TAHUN 2025 JUMLAH MEMBER PADA TAHUN 2025
NAME OF LABOR UNION IN 2025 TOTAL MEMBERS IN 2025
Federasi Serikat Pekerja Metal Indonesia (FSPMI)
462
Federation of Indonesian Metal Workers Unions (FSPMI)
Serikat Pekerja Seluruh Indonesia (SPSI)
477
All Indonesian Workers Union (SPSI)
Serikat Pekerja Internal
143
Internal Workers Union
Total 945
Segala bentuk praktik kerja paksa maupun We unequivocally oppose all forms of forced labor and
mempekerjakan anak di bawah umur kami tolak child labor as part of our commitment to upholding
dengan tegas sebagai bagian dari komitmen integrity and business ethics. Our minimum working
menjaga integritas dan etika bisnis. Kebijakan age policy of 18 years is enforced in accordance
usia kerja minimum 18 tahun kami terapkan sesuai with Law No. 13 of 2003 concerning Manpower
UU No. 13 Tahun 2003 tentang Ketenagakerjaan, and extends to all business partners, including
serta diberlakukan pula kepada seluruh mitra those within the supply chain. This standard is
usaha, termasuk dalam rantai pasokan. Standar maintained through strengthened monitoring and
tersebut dijaga melalui penguatan sistem control systems in collaboration with our partners.
pemantauan dan pengendalian bersama para Throughout 2025, no cases of underage labor or
mitra. Sepanjang tahun 2025, tidak ditemukan forced labor have been found within BNBR or its
kasus pekerja di bawah umur maupun praktik supply chain. [[SEOJK F.19] [GRI 408-1][GRI 409-1]
kerja paksa di lingkungan BNBR maupun rantai
pasoknya. [SEOJK F.19] [GRI 408-1][GRI 409-1]
PENILAIAN KINERJA KARYAWAN EMPLOYEE PERFORMANCE EVALUATION
Pengukuran kinerja dilakukan secara objektif, BNBR implements a Key Performance Indicator
adil, dan terstruktur melalui sistem berbasis Key Performance measurement is conducted
Performance Indicators (KPI) yang kami terapkan objectively, fairly, and systematically through a
di seluruh lini organisasi. Instrumen ini digunakan KPI-based system that we implement across all
untuk menilai kinerja operasional perusahaan organizational lines. This instrument is used to
sekaligus performa individu, termasuk sebagai assess the company’s operational performance
dasar penentuan jenjang karier dan posisi jabatan. and individual performance, and serves as a basis
Untuk memperkuat mekanisme evaluasi, BNBR for determining career levels and job positions.
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mengimplementasikan sistem Bakrie Performance To strengthen the evaluation mechanism, BNBR
Contract (BPC) yang dirancang transparan serta implements the Bakrie Performance Contract (BPC)
selaras dengan deskripsi dan tujuan pekerjaan. system, which is designed to be transparent and
aligned with job descriptions and objectives.
Komposisi penilaian dalam BPC mencakup bobot
80% untuk KPI dan 20% untuk kompetensi, sehingga The assessment composition in the BPC assigns
tidak hanya berfokus pada capaian target, tetapi juga 80% weight to KPIs and 20% to competencies, so
pengembangan kapasitas karyawan. Pendekatan it not only focuses on target achievement but also
ini membantu memastikan proses evaluasi berjalan on employee capacity development. This approach
menyeluruh sekaligus mendukung pertumbuhan helps ensure a comprehensive evaluation process
profesional setiap individu. Hingga akhir tahun while promoting each individual’s professional
2025, seluruh karyawan telah mengikuti proses growth. By the end of 2025, all employees will
penilaian kinerja dan pengembangan karier, have participated in performance evaluations and
yang menunjukkan penerapan sistem evaluasi career development processes, demonstrating
komprehensif di seluruh unit BNBR. [GRI 404-3] the implementation of a comprehensive evaluation
system across all BNBR units. [GRI 404-3]
CSR DI BIDANG PENGEMBANGAN
SOSIAL DAN KEMASYARAKATAN
CSR IN SOCIAL AND COMMUNITY DEVELOPMENT
Komitmen terhadap pengembangan sosial dan BNBR Group’s commitment to social and community
kemasyarakatan diwujudkan Grup BNBR melalui development is realized through the Bakrie for
inisiatif Bakrie Untuk Negeri yang menaungi the Nation initiative, which comprises four main
empat program utama: Cerdas untuk Negeri, programs: Smart for the Nation, Healthy for the
Sehat untuk Negeri, Peduli untuk Negeri, dan Nation, Caring for the Nation, and Partnership for
Kemitraan untuk Negeri. Melalui rangkaian the Nation. These programs focus on improving the
program tersebut, kami berupaya meningkatkan quality of life for Indonesian society by focusing on
kualitas hidup masyarakat Indonesia dengan health, education, and the economy. Additionally,
menitikberatkan pada aspek kesehatan, pendidikan, the company’s ongoing commitment to empowering
dan ekonomi. Perhatian terhadap pemberdayaan communities within its operational areas remains
masyarakat sekitar area operasional juga a key responsibility, committed to fosterng human
senantiasa menjadi bagian dari tanggung jawab development and advancing social welfare.
perusahaan dalam mendorong pembangunan
manusia serta peningkatan kesejahteraan sosial. COMMUNITY EMPOWERMENT AROUND
THE COMPANY [SEOJK F.25]
PEMBERDAYAAN MASYARAKAT
Our support for the communities surrounding
SEKITAR PERUSAHAAN [SEOJK F.25]
our operational areas is consistently reinforced
Dukungan terhadap masyarakat di sekitar wilayah through diverse empowerment initiatives tailored
operasional terus kami perkuat melalui berbagai to align with local needs. This focus is pursued
inisiatif pemberdayaan yang dirancang selaras as part of our continuous commitment to expand
dengan kebutuhan lokal. Fokus ini kami jalankan the benefits of the company’s presence, while
sebagai bagian dari komitmen berkelanjutan also ensuring tangible contributions toward
untuk memperluas manfaat kehadiran perusahaan, enhancing the social welfare of the community.
sekaligus memastikan kontribusi nyata terhadap
peningkatan kesejahteraan sosial masyarakat.
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PADA TAHUN 2025, PERSEROAN TELAH MENYALURKAN
DANA KESELURUHAN UNTUK MENDUKUNG PROGRAM
SOSIAL KEMASYARAKATAN YANG MENCAPAI:
BY 2025, THE COMPANY HAS DISBURSED THE TOTAL FUNDS TO
SUPPORT SOCIAL COMMUNITY PROGRAMS THAT REACH:
KEMITRAAN UNTUK NEGERI S E H AT U N T U K N E G E R I
Rp91.000.000 Rp11.638.500
CERDAS UNTUK NEGERI PEDULI UNTUK NEGERI
Rp121.865.000 Rp1.619.561.100
PROGRAM KEMITRAAN
UNTUK NEGERI
Kesempatan bagi pengusaha lokal untuk Opportunities for local entrepreneurs to grow
berkembang kami hadirkan melalui Program are facilitated through the Partnership Program
Kemitraan untuk Negeri yang membuka ruang for the Nation, which opens up business
kerja sama bisnis dan peluang kerja di sekitar collaboration and employment opportunities
wilayah operasional BNBR. Implementasinya within the vicinity of BNBR’s operational area.
mencakup berbagai kegiatan, seperti kolaborasi Its activities include working together to
menjaga kebersihan lingkungan, pembangunan maintain environmental cleanliness, building
serta penyediaan fasilitas olahraga gratis di area and offering free sports facilities in the factory
pabrik bagi warga sekitar, hingga penyaluran area for local residents, and providing funds
dana modal usaha untuk mendukung produk for business capital to support products
berbasis potensi daerah. Sejumlah kegiatan rooted in regional strengths. Several activities
Program Kemitraan Untuk Negeri telah under the Kemitraan Untuk Negeri Program
terlaksana pada tahun 2025, antara lain: were carried out in 2025, including:
♦ Pemberian bantuan operasional dan ♦ Provision of operational assistance
dukungan keamanan lingkungan and environmental security support in
di sekitar area BPI, bekerja sama areas surrounding BPI, in collaboration
dengan CV BSS dan UPTD DLH with CV BSS and UPTD DLH
♦ Penyaluran bantuan kayu bakar dan ♦ Distribution of firewood and bamboo to
bambu untuk mendukung lomba support a provincial-level village competition
kelurahan tingkat provinsi di Kelurahan in Alam Jaya Village, Jatiuwung, Tangerang,
Alam Jaya, Jatiuwung, Tangerang, serta as well as the provision of firewood to
penyerahan bantuan kayu bakar kepada Pesantren Al-Istiqlaliyah by BUMM
Pesantren Al-Istiqlaliyah oleh BUMM ♦ Distribution of organic and inorganic
♦ Penyerahan tempat sampah organik waste bins by BUMM in collaboration
dan anorganik oleh BUMM bekerja with the Community Empowerment
sama dengan Lembaga Pemberdayaan Institution (LPM) of Alam Jaya Village.
Masyarakat (LPM) Kelurahan Alam Jaya
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PROGRAM SEHAT
UNTUK NEGERI
Komitmen BNBR dalam meningkatkan kualitas BNBR’s commitment to improving the health
kesehatan dan kesejahteraan masyarakat quality and well-being of communities is
diwujudkan melalui Program Sehat untuk realized through the Healthy Nation Program,
Negeri yang berfokus pada upaya promotif which focuses on promotive and preventive
dan preventif di wilayah operasional, sekaligus efforts across its operational areas, while
memperkuat hubungan harmonis dengan strengthening harmonious relationships
masyarakat sekitar melalui berbagai kegiatan with surrounding communities through
sosial yang berkelanjutan, mulai dari penyuluhan various sustainable social initiatives. These
dan pemeriksaan kesehatan, kegiatan donor initiatives include health education and
darah, hingga dukungan terhadap fasilitas dan medical check-ups, blood donation activities,
aktivitas yang mendorong gaya hidup sehat. as well as support for facilities and activities
Sejumlah kegiatan Program Sehat untuk Negeri that promote a healthy lifestyle. Several
telah terlaksana pada tahun 2025, antara lain: Healthy Nation Program initiatives have
been implemented in 2025, including:
♦ Penyuluhan kesehatan dan pemeriksaan
kesehatan bagi masyarakat ♦ Health education and medical
♦ Pemberian makanan tambahan check-ups for local communities
yang disiapkan oleh ibu-ibu ♦ Provision of supplementary food prepared
PKK di lingkungan BPI by PKK members in the BPI area
♦ Kegiatan kerja bakti bersama antara ♦ Community service (clean-up)
BUMM dan masyarakat sekitar activities involving BUMM and
♦ Kegiatan donor darah yang melibatkan surrounding communities
karyawan BMC dan masyarakat sekitar, ♦ Blood donation activities involving
termasuk pemeriksaan kesehatan bagi BMC employees and local
pendonor dan penerima manfaat communities, including health check-
♦ Dukungan terhadap ketersediaan stok ups for donors and beneficiaries
darah nasional oleh BA bekerja sama ♦ Support for national blood supply
dengan Palang Merah Indonesia (PMI) availability by BA in collaboration with
♦ Penyediaan fasilitas olahraga (futsal dan the Indonesian Red Cross (PMI)
voli) bagi masyarakat di sekitar SEAPI ♦ Provision of sports facilities
(futsal and volleyball courts) for
communities surrounding SEAPI
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PROGRAM CERDAS
UNTUK NEGERI
Pendidikan kami tempatkan sebagai fondasi Education is positioned as the primary
utama kemajuan bangsa melalui program foundation for our national advancement
Cerdas untuk Negeri yang bertujuan through the Cerdas Untuk Negeri program,
menyiapkan generasi masa depan yang which aims to cultivate an independent,
mandiri dan unggul. Berbagai peluang excellent future generation. Diverse
disediakan, termasuk program magang bagi opportunities are provided, including internship
mahasiswa dan siswa setara SMA di unit BNBR, programs for university students and students
BMI, dan BA, pemberian beasiswa kepada equivalent to high school at BNBR, BMI, and
putra-putri karyawan BA berprestasi, serta BA units; scholarships for the children of
partisipasi aktif karyawan sebagai dosen BA employees who demonstrate academic
dan guru tamu di Universitas Bakrie maupun excellence; as well as active involvement of
sekolah di sekitar area pabrik. Sejumlah employees as lecturers and guest instructors
kegiatan Program Cerdas untuk Negeri telah at Bakrie University and local schools around
terlaksana sepanjang tahun 2025, seperti: the factory area. Several activities under the
Cerdas Untuk Negeri Program have been
♦ Kolaborasi BPI dalam kegiatan edukasi implemented throughout 2025, such as:
yang melibatkan 209 siswa dan 124
mahasiswa, serta keterlibatan anak ♦ BPI’s collaboration in educational initiatives
yatim dan masyarakat sekitar involving 209 students and 124 university
♦ Program beasiswa bagi siswa berprestasi students, as well as engagement with
peringkat 1, 2, dan 3 oleh BUMM orphans and surrounding communities
untuk siswa SMPN 31 Tangerang ♦ Scholarship program for high-achieving
♦ Penyaluran buku bacaan Taman Iqro students ranked 1st, 2nd, and 3rd by BUMM
kepada masyarakat di sekitar BUMM for students of SMPN 31 Tangerang
♦ Pemberian bantuan sembako dan ♦ Distribution of Taman Iqro reading books
dukungan biaya pendidikan kepada to communities surrounding BUMM
Panti Asuhan Guardian Holy Angel ♦ Provision of basic necessities and
di Kota Bekasi oleh CCT educational financial support to Guardian
♦ Pelaksanaan program bantuan Holy Angel Orphanage in Bekasi by CCT
pendidikan melalui CCT Goes To ♦ Implementation of educational support
School di SDN Jatikarya III through the CCT Goes To School
♦ Program praktik kerja lapangan program at SDN Jatikarya III
(PKL) dan pemberian beasiswa bagi ♦ Internship (PKL) and scholarship programs
siswa SMK N 1 Bakauheni jurusan for students of SMK N 1 Bakauheni majoring
Teknik Pengelasan binaan SEAPI in Welding Engineering under SEAPI
♦ Program PKL bagi mahasiswa dari ITERA, ♦ Internship programs for students
UNILA, dan POLTEKKES Tanjung Karang from ITERA, UNILA, and
♦ Program pemagangan Teknik Pengelasan POLTEKKES Tanjung Karang
bekerja sama dengan Dinas Tenaga ♦ Apprenticeship program in Welding
Kerja Kabupaten Lampung Selatan Engineering in collaboration with the
♦ Program pemagangan bersama South Lampung Manpower Office
Kementerian Ketenagakerjaan Republik ♦ Apprenticeship program with the Ministry
Indonesia (Batch 2 dan 3) oleh SEAPI of Manpower of the Republic of Indonesia
(Batch 2 and 3) conducted by SEAPI
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PROGRAM PEDULI
UNTUK NEGERI
[GRI 203-1][GRI 203-2]
Hubungan harmonis dengan masyarakat sekitar Our harmonious relationship with the surrounding
kami perkuat melalui program Peduli untuk Negeri local communities is strengthened through
yang menegaskan kepedulian sosial perusahaan. the ‘Peduli Untuk Negeri’ program, which
Inisiatif ini diwujudkan lewat berbagai kegiatan underscores the Company’s commitment to social
sosial dan keagamaan, seperti pembangunan responsibility. This initiative is realized through
rumah ibadah, dukungan perayaan hari raya, various social and religious activities, including
penyediaan sarana administrasi warga, hingga the construction of places of worship, support for
respons tanggap dalam penyaluran bantuan saat holiday celebrations, provision of administrative
terjadi bencana alam di Indonesia. Beberapa facilities for residents, and prompt natural disaster
kegiatan Program Peduli untuk Negeri telah relief assistance within Indonesia. Multiple
terlaksana selama tahun 2025, seperti: activities under the ‘Peduli Untuk Negeri’ Program
have been conducted throughout 2025, including:
♦ Pelaksanaan berbagai kegiatan sosial
bekerja sama dengan Bakrie Amanah ♦ Implementation of various social initiatives
♦ Aksi tanggap bencana untuk wilayah in collaboration with Bakrie Amanah
Sumatra tahun 2025 oleh BPI, ♦ Disaster relief response for the Sumatra
termasuk inisiatif “Pray for Sumatra” region in 2025 by BPI, including
♦ Penyaluran donasi kepada 78 warga the “Pray for Sumatra” initiative
terdampak banjir di Bekasi oleh BA ♦ Distribution of donations to 78 residents
♦ Program Ramadhan Untuk Negeri dan affected by flooding in Bekasi by BA
Khitanan Anak Negeri, serta pemberian ♦ Ramadan for the Nation and
bantuan kepada anak yatim Khitanan Anak Negeri programs,
♦ Pemberian bantuan kepada including support for orphans
sekolah yang membutuhkan ♦ Provision of assistance to
♦ Penyaluran bantuan hewan kurban underprivileged schools
dalam rangka Iduladha ♦ Distribution of sacrificial animals
♦ Penyerahan bingkisan kepada during Eid al-Adha
masyarakat dalam rangka Idulfitri ♦ Distribution of gift packages to
♦ Dukungan kegiatan perayaan communities during Eid al-Fitr
Hari Kemerdekaan ♦ Support for Independence Day celebrations
♦ Penyaluran bantuan sembako dan santunan ♦ Provision of basic necessities and financial
kepada keluarga kurang mampu assistance to underprivileged families
♦ Pemberian bantuan material ♦ Provision of material assistance in
berupa scrap pallet kayu the form of scrap wooden pallets
♦ Penyelenggaraan kegiatan buka puasa bersama ♦ Organization of iftar gatherings and
dan pembagian takjil selama bulan Ramadhan distribution of takjil during Ramadan
♦ Penyaluran donasi kepada masyarakat ♦ Distribution of donations to communities
terdampak bencana alam affected by natural disasters
♦ Penyediaan bantuan air ♦ Provision of clean water
bersih bagi masyarakat assistance for communities
♦ Pelaksanaan program Muharam ♦ Implementation of the Muharram
Ceria (Belanja Anak Negeri) bersama Ceria (Belanja Anak Negeri) program
20 anak yatim di sekitar BMC with 20 orphans around BMC
♦ Dan kegiatan sosial lainnya ♦ And other social initiatives
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BENTUK DONASI LAINNYA [SEOJK F.25] OTHER FORMS OF DONATIONS
Berbagai inisiatif amal terus kami jalankan sebagai
[SEOJK F.25]
bagian dari kontribusi sosial untuk meningkatkan We continue to carry out various charitable
kesejahteraan masyarakat di luar lingkungan initiatives as part of our social contribution to
perusahaan. Program tersebut mencakup: improve the welfare of communities outside the
company environment. These programs include:
♦ Donor Darah –BMC bekerja sama dengan Palang
Merah Indonesia (PMI) dalam penyelenggaraan ♦ Blood Donation – BMC collaborates with the
donor darah dan memberikan kesempatan Indonesian Red Cross (PMI) to organize blood
kepada karyawan untuk menjadi pendonor. donation drives and provides opportunities
♦ Pemanfaatan lahan pabrik untuk menjadi lahan for employees to become donors.
pertanian bagi warga setempat – Sejumlah ♦ Utilization of factory land for agricultural
pabrik dalam kelompok usaha memiliki lahan purposes by local residents – Several factories
yang belum dioperasionalkan di sekitar area within the business group have unused land
operasional. Selama lahan tersebut tidak surrounding their operational zones. Provided
digunakan secara komersial, BNBR memberikan the land is not used for commercial purposes,
akses gratis kepada masyarakat untuk BNBR offers free access to the community
memanfaatkannya sebagai lahan pertanian. for agricultural activities. By 2025, the total
Hingga tahun 2025, total area lahan yang land area used has reached 10.72 hectares.
dimanfaatkan telah mencapai 10,72hektar.
Through various forms of donations, we strive to
Melalui berbagai bentuk donasi ini, kami berupaya sustainably expand the benefits of the company's
memperluas manfaat keberadaan perusahaan presence for the surrounding community.
bagi masyarakat sekitar secara berkelanjutan.
UTILIZATION OF LOCAL LABOR
PENGGUNAAN TENAGA KERJA LOKAL
Job opportunities for residents within the operational
Kesempatan kerja bagi warga sekitar area operasional area are continually expanding as part of efforts
terus kami buka sebagai bagian dari dukungan to support the local community’s economic
terhadap kemandirian ekonomi komunitas lokal. independence. The involvement of local residents
Keterlibatan masyarakat setempat dalam berbagai in various daily operational roles, such as office
peran operasional harian, seperti office boy, petugas boys, security personnel, drivers, cleaning service
keamanan, sopir, penyedia jasa kebersihan, dan providers, and cafeteria managers, not only improves
pengelola kantin karyawan, tidak hanya meningkatkan welfare but also strengthens the relationship
kesejahteraan, tetapi juga mempererat hubungan between the Company and its social environment.
antara perusahaan dan lingkungan sosialnya. This approach serves as a tangible demonstration
Pendekatan ini menjadi salah satu wujud nyata of BNBR Group’s commitment to creating shared
komitmen Grup BNBR dalam menciptakan nilai value for the community. [SEOJK F.23] [GRI 413-1]
bersama bagi masyarakat. [SEOJK F.23] [GRI 413-1]
COMMUNICATION ON ANTI-
KOMUNIKASI MENGENAI CORRUPTION POLICIES AND
KEBIJAKAN DAN PROSEDUR PROCEDURES [SEOJK F.24]
ANTI KORUPSI [SEOJK F.24]
In an effort to maintain transparent, accountable,
Sebagai bagian dari upaya menegakkan tata and responsible corporate governance, BNBR has
kelola perusahaan yang transparan, akuntabel, dan established a Whistleblowing System outlined in
bertanggung jawab, BNBR telah mengembangkan Policy and Procedure No. 258/BNBR/III/2012. This
Sistem Pelaporan Pelanggaran melalui Kebijakan dan system ensures a secure channel for employees,
Prosedur No. 258/BNBR/III/2012 (Whistleblowing subsidiaries, and external parties to submit reports,
System). Sistem ini menyediakan saluran aman bagi complaints, or feedback concerning actions that
karyawan, anak perusahaan, maupun pihak eksternal violate the company’s code of conduct, societal
untuk menyampaikan laporan, keluhan, atau masukan norms, or applicable laws and regulations.
terkait tindakan yang tidak sesuai dengan pedoman
perilaku perusahaan, norma masyarakat, serta hukum
dan peraturan perundang-undangan yang berlaku.
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Keberadaan mekanisme pelaporan ini berfungsi This reporting mechanism functions as both a
sebagai langkah preventif sekaligus deteksi preventive measure and an early detection tool
dini terhadap potensi pelanggaran yang dapat for potential violations that could lead to financial
menimbulkan kerugian finansial maupun or non-financial losses and harm the company’s
nonfinansial serta merusak reputasi perusahaan. reputation. Additionally, protecting the identity
Selain itu, perlindungan terhadap identitas dan and rights of whistleblowers ensures that follow-
hak pelapor memastikan proses tindak lanjut up processes are effective and efficient, while
berjalan efektif dan efisien, sekaligus mendukung also promoting a conducive work environment
terciptanya iklim kerja yang kondusif dan and boosting loyalty to the company.
meningkatkan loyalitas terhadap perusahaan.
CSR SEBAGAI TANGGUNG JAWAB
KEPADA KONSUMEN
CSR AS A RESPONSIBILITY TO CONSUMERS
BNBR menempatkan konsumen sebagai mitra BNBR regards consumers as strategic partners
strategis yang berperan penting dalam menjaga vital to maintaining business sustainability. We
keberlanjutan usaha. Hubungan yang kuat dengan continuously build strong relationships with our
pelanggan terus kami bangun melalui komitmen customers by committing to professionalism and
terhadap profesionalitas dan integritas dalam integrity in all services we offer. Furthermore,
setiap layanan yang diberikan. Setiap unit usaha each business unit has implemented a customer
juga telah merancang mekanisme perlindungan protection mechanism tailored to the specific
pelanggan yang disesuaikan dengan karakteristik characteristics of its services and consumer
layanan dan segmen konsumennya, sebagai segments, as part of our continuous effort to cultivate
bagian dari upaya mempererat hubungan long-term, mutually beneficial relationships.
jangka panjang yang saling menguntungkan.
PRODUCT INFORMATION AND
INFORMASI PRODUK DAN TANGGUNG CONSUMER RESPONSIBILITIES
JAWAB KONSUMEN [SEOJK F.17] [SEOJK F.17] [SEOJK F.28] [GRI 417-1]
[SEOJK F.28] [GRI 417-1]
Consumer trust constitutes the fundamental basis
Kepercayaan konsumen menjadi fondasi utama of BNBR’s business sustainability. Accordingly, we
keberlanjutan bisnis BNBR. Untuk itu, kami ensure wide accessibility to information through
menyediakan akses informasi yang luas melalui an official website available at any time, as well
website resmi yang dapat diakses setiap saat, serta as printed brochures and company profiles of
brosur dan company profile versi cetak dari unit our manufacturing units. Additionally, direct
usaha manufaktur. Saluran komunikasi langsung communication channels, such as email addresses
seperti alamat email dan hotline juga tersedia and hotlines, are also available to assist customers
guna memudahkan pelanggan menyampaikan in submitting inquiries or information requests.
pertanyaan maupun kebutuhan informasi.
To understand customer needs and respond to
Guna memahami kebutuhan pelanggan dan complaints promptly, the Commercial and Quality
menangani keluhan secara responsif, Tim Komersial Control Teams routinely perform direct visits. This
dan Kendali Mutu secara rutin melakukan kunjungan initiative guarantees that the quality of products
langsung. Langkah ini memastikan kualitas produk and services consistently meets consumer
dan layanan senantiasa selaras dengan harapan expectations. Additionally, we ensure that all
konsumen. Kami juga memastikan setiap karyawan employees possess a high level of competence,
memiliki kompetensi tinggi, khususnya dalam jasa particularly in construction services within the oil
konstruksi sektor minyak dan gas, dukungan peralatan and gas sector, technical equipment support, as
teknik, serta proses produksi dan manufaktur. well as production and manufacturing processes.
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Komitmen terhadap mutu dibuktikan melalui Our commitment to quality is demonstrated through
pemeriksaan berkala atas sistem produksi dan regular inspections of the production system and
jaminan kualitas oleh lembaga survei independen quality assurance conducted by independent
dengan mengacu pada standar internasional ISO surveying agencies, in accordance with international
9001:2015. Selain itu, kami memastikan seluruh standards ISO 9001:2015. Furthermore, we
produk dan jasa tidak menimbulkan risiko kesehatan ensure that all products and services do not
maupun keamanan dengan mematuhi hukum serta pose health or safety hazards by complying with
peraturan yang berlaku dan memantau aspek applicable laws and regulations and by consistently
keselamatan secara berkelanjutan. [SEOJK F.27] monitoring safety aspects. [SEOJK F.27]
Setiap produk BNBR disertai informasi lengkap untuk Each BNBR product is accompanied
menjamin transparansi kepada konsumen, antara lain: by complete information to ensure
transparency to consumers, including:
♦ Nomor SNI
♦ Merek / logo perusahaan ♦ SNI number
♦ Nama produk ♦ Brand / company logo
♦ Berat dan ketebalan (untuk pipa dan pelat baja) ♦ Product name
♦ Nomor telepon layanan konsumen untuk ♦ Weight and thickness (for pipes and steel plates)
penyampaian keluhan atau pertanyaan ♦ Consumer service phone number
for complaints or inquiries
Layanan konsumen kami sediakan sebagai saluran
resmi penyampaian keluhan, saran, dan masukan, Our customer service serves as an official channel for
sekaligus sebagai bentuk pemenuhan ketentuan submitting complaints, suggestions, and feedback,
UU No. 8 Tahun 1999 tentang Perlindungan while also fulfilling the requirements of Law No. 8 of
Konsumen. Sepanjang tahun 2025, tidak terdapat 1999 concerning Consumer Protection. Throughout
laporan ketidakpatuhan terkait aspek kesehatan dan 2025, there have been no reports of non-compliance
keselamatan dari penggunaan produk maupun jasa related to health and safety aspects arising from
yang kami sediakan. Secara garis besar, prosedur the use of our products or services. Generally,
penanganan keluhan konsumen dapat digambarkan the complaint handling procedure can be outlined
sebagai berikut: [GRI 416-2][GRI 417-2] [GRI 417-3] as follows: [GRI 416-2][GRI 417-2] [GRI 417-3]
ITEMS CUSTOMER SALES QSHE
DEPARTMENT DEPARTMENT
START
DESCRIPTION CUSTOMER CUSTOMER CUSTOMER
OF CONDITION SATISFACTION FEEDBACK FEEDBACK
PROBLEM
CAUSE OF INVESTIGATE
CONDITION THE ROOT
CORRECTIVE
ACTION PLANNED DETERMINE
OR TAKEN CORRECTIVE ACTION
CORRECTIVE
ACTION
TO PREVENT APPLY CONTROL of CORRECTIVE ACTION
OCCURANCE
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EVALUASI KEAMANAN PRODUK & EVALUATION OF PRODUCT & SERVICE
JASA BAGI PELANGGAN [SEOJK F.29] SAFETY FOR CUSTOMERS [SEOJK F.29]
Perlindungan terhadap keamanan dan kesehatan Protection of customer safety and health is a
pelanggan menjadi prioritas dalam setiap produk priority in every product and service we offer. A
dan jasa yang kami tawarkan. Evaluasi menyeluruh comprehensive evaluation is conducted by applying
dilakukan dengan menerapkan standar serta protokol strict safety standards and protocols to minimize
keamanan yang ketat guna meminimalkan potensi potential risks. The implementation of ISO 9001,
risiko. Implementasi ISO 9001, serta penerapan along with Quality Assurance and Quality Control,
Quality Assurance dan Quality Control, memperkuat strengthens the oversight system from raw material
sistem pengawasan mulai dari pemilihan bahan selection, production processes, to final inspections
baku, proses produksi, hingga pemeriksaan akhir before products are shipped to customers.
sebelum produk dikirimkan kepada pelanggan.
Information regarding the safe use, storage, and
Informasi mengenai penggunaan, penyimpanan, dan disposal of products is also regularly communicated
pembuangan produk secara aman juga disampaikan as part of transparency with customers. The results of
secara rutin sebagai bagian dari transparansi kepada these efforts are evident in 2025, when no products
pelanggan. Hasil dari upaya tersebut tercermin were recalled from the market due to safety concerns,
pada tahun 2025, di mana tidak terdapat penarikan misinformation, marketing activities, or labeling issues.
produk dari pasar akibat alasan keamanan, kesalahan
informasi, aktivitas pemasaran, maupun pelabelan.
CUSTOMER SATISFACTION
SURVEY ON PRODUCTS AND/
SURVEI KEPUASAN PELANGGAN OR SERVICES [SEOJK F.30]
TERHADAP PRODUK DAN/
We regularly conduct customer satisfaction
ATAU JASA [SEOJK F.30]
assessments to ensure that the products and
Pengukuran kepuasan pelanggan kami lakukan services provided align with market needs
secara berkala untuk memastikan produk dan and expectations. The survey outcomes serve
jasa yang diberikan memenuhi kebutuhan serta as the basis for evaluating and enhancing
ekspektasi pasar. Hasil survei menjadi dasar services, thereby facilitating continuous quality
evaluasi dan pengembangan layanan agar improvements. All BNBR subsidiaries participate
peningkatan kualitas dapat dilakukan secara in this survey as part of a collective commitment
berkelanjutan. Seluruh anak perusahaan BNBR to delivering the best service to our customers.
turut berpartisipasi dalam pelaksanaan survei
ini sebagai bagian dari komitmen kolektif dalam
memberikan layanan terbaik kepada pelanggan.
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INFORMASI
TAMBAHAN >
ADDITIONAL INFORMATION
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ALAMAT ENTITAS ANAK DAN UNIT BISNIS
ADDRESS OF SUBSIDIARIES AND BUSINESS UNITS
BAKRIE METAL INDUSTRIES VKTR TEKNOLOGI MOBILITAS
PT Bakrie Metal Industries PT VKTR Teknologi Mobilitas Tbk
Kantor Pusat | Head Office Kantor Pusat | Head Office
Bakrie Tower Lantai 35, Jl. H.R Rasuna Said, Bakrie Tower Lantai 35, Jl. H.R Rasuna Said
Jakarta Selatan, Jakarta 12940, Indonesia Jakarta Selatan, Jakarta 12940, Indonesia
Telepon : (62 21) 2991 2030 Telepon : (62 21) 2991 2222
Faksimili : (62 21) 2991 2211 Faksimili : (62 29) 2991 2333
www.bakriemetal.co.id www.vktr.id
Pabrik | Factory PT Bakrie Autoparts
Jl. Raya Kaliabang Bungur No. 86, Kantor Pusat & Pabrik | Head Office & Factory
RT. 004 RW. 02, Kelurahan Harapan Jaya, Jl. Raya Bekasi KM.27 Pondok Ungu,
Kecamatan Bekasi Utara 17124, Indonesia Bekasi 17132, Indonesia
Telepon : (62 21) 8895 8673 Telepon : (62 21) 8897 6601
Faksimili : (62 21) 8895 8586 Faksimili : (62 21) 8897 6607
www.bakrie-autoparts.com
PT Bakrie Construction
Pabrik & Yard | Factory & Yard PT Braja Mukti Cakra
Desa Sumuranja, Kec. Pulo Ampel,
Kantor Pusat & Pabrik | Head Office & Factory
Kab. Serang Banten 24256, Indonesia
Telepon : (62 254) 575 0351 Jl. Desa Harapan Kita No. 4 Harapan Jaya,
Faksimili : (62 254) 575 0350 Bekasi Utara 17124, Indonesia
www.bakrieconstruction.com Telepon : (62 21) 887 1836
Faksimili : (62 21) 887 8949 / 887 1835
PT Bakrie Pipe Industries www.bmc.co.id
Kantor Pusat | Head Office
PT Bina Usaha Mandiri Mizusawa
Bakrie Tower Lantai 7, Jl. H.R Rasuna Said,
Jakarta Selatan 12940, Indonesia Kantor Pusat & Pabrik | Head Office & Factory
Telepon : (62 21) 2994 1270 Jl. EZ. Muttaqien Kelurahan Alam Jaya
Faksimili : (62 21) 2994 1267–68–69 Kecamatan Jatiuwung,
www.bakrie-pipe.com Tangerang, Banten 15133, Indonesia
Telepon : (62 21) 590 2488
Pabrik | Factory Faksimili : (62 21) 590 4584
Jl. Raya Pejuang, Medan Satria, www.bumm.co.id
Kota Bekasi 17131,Indonesia
Telepon : (62 21) 887 1135 PT VKTR Sakti Industries
Faksimili : (62 21) 8898 6474 Pabrik | Factory
Punduhsari, Jl. Magelang - Purworejo
PT South East Asia Pipe Industries No.KM 10, Tempurejo, Kec. Tempuran,
Jl. Lintas Pantai Timur, Kabupaten Magelang,
Bakau Kramat Desa Sumur, Kec. Ketapang, Jawa Tengah 56161 Indonesia
Bakauheni,
Lampung Selatan 35592, Indonesia
Telepon : (62 727) 331 234 / 331 249
Faksimili : (62 727) 331 348 / 331 413
www.seapi.co.id
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PT BAKRIE INDO INFRASTRUCTURE
PT Bakrie Indo Infrastructure
Kantor Pusat | Head Office
Bakrie Tower Lantai 35, Jl. H.R Rasuna Said,
Jakarta 12940.
Telepon : (62 21) 299 12345
Faksimili : (62 21) 299 41955
http://www.bakrie-brothers.com/#/our_
business/infrastructure_projects
PT Multi Kontrol Nusantara
Wisma Bakrie Lantai 1-2 Jl. H. R Rasuna Said Kav. B-1
Jakarta 12920
Telepon : (62 21) 520 5476
Faksimili : (62 21) 520 4324
www.mkncorp.com
LEMBAGA DAN PROFESI PENUNJANG
SUPPORTING AGENCY AND PROFESSION
BIRO ADMINISTRASI EFEK AKUNTAN PUBLIK
SECURITIES ADMINISTRATION PUBLIC ACCOUNTANT
BUREAU Y. Santosa dan Rekan
PT Edi Indonesia Jl. Sisingamangaraja No. 26, Lantai 2
Divisi Biro Administrasi Efek Jakarta 12120
Wisma SMR, Lantai 10 Telepon : (62 21) 720 2605
Jl. Yos Sudarso Kav. 89, Jakarta 14350 Faksimili : (62 21) 7278 8954
Telepon : (62 21) 650 5829; (62 21) 652 1010
Faksimili : (62 21) 650 5987 PENILAIAN PUBLIK
PUBLIC APPRAISER
NOTARIS
KUSNANTO DAN REKAN
NOTARY
Citywalk Sudirman Lantai 6
Humberg Lie, SH, SE, MKN Jl. KH Mas Mansyur No. 121
Jl. Raya Pluit Selatan 103, Jakarta 14450 Jakarta 10220
Telepon : (62 21) 6669 7171/7272/7315/7316 Telepon : (62 21) 25558778
Faksimili : (62 21) 667 8527 Faksimili : (62 21) 25556665
PENASEHAT HUKUM
LEGAL COUNSELLOR
AJI WIJAYA & Co.
Cyber 2 Tower, Lantai 31, Unit A
Jl. H.R Rasuna Said, Blok X-5 No. 13
Jakarta Selatan 12950
Telepon : (62 21) 2902 1577
Faksimili : (6221) 2902 1566
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MANAJEMEN SENIOR
SENIOR MANAGEMENT
BAKRIE & BROTHERS
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R. ATOK
HENDRAYANTO
CHIEF INDUSTRIALIZATION OFFICER
R. Atok Hendrayanto, Warga Negara Indonesia, R. Atok Hendrayanto, an Indonesian nationality,
lahir di Surabaya pada tahun 1969 dan memperoleh was born in Surabaya in 1969 and earned a
gelar Sarjana di bidang Teknik Elektro dari Bachelor degree in Electrical Engineering from
Universitas Trisakti, Jakarta, dan gelar Master of Trisakti University, Jakarta, and Master of Science
Science di bidang Teknik Industri dari Wichita degree in Industrial Engineering subject from
State University, Wichita, Kansas, USA. Wichita State University, Wichita, Kansas, USA.
Beliau menjabat sebagai Chief Industrialization Officer He holds the position of Chief Industrialization Officer
sejak Juli 2022, serta menjabat sebagai Direktur since July 2022, and also holds the position of
Utama PT Bakrie Pipe Industries sejak tahun 2016, President Director at PT Bakrie Pipe Industries since
Direktur PT Southeast Asia Pipe Industries sejak 2016, Director of PT Southeast Asia Pipe Industries
tahun 2016, Direktur Utama & CEO PT Bakrie Metal since 2016, President Director & CEO of PT Bakrie
Industries sejak tahun 2018, Direktur PT Seamless Metal Industries since 2018, Director of PT Seamless
Pipe Indonesia Jaya sejak tahun 2019, dan Komisaris Pipe Indonesia Jaya since 2019 and Commissioner of
PT Kalimantan Jawa Gas sejak tahun 2022. Beliau PT Kalimantan Jawa Gas since 2022. He joined Bakrie
bergabung dengan Grup Bakrie sejak tahun 1997 Group in 1997 as Coordinator Team Strategic Planning
sebagai Coordinator Team Strategic Planing PT of PT Bakrie Motor for the period of 1997 - 1998, he was
Bakrie Motor pada periode 1997 – 1998, kemudian then appointed as Operation Manager of PT Bakrie
beliau ditunjuk sebagai Operation Manager PT & Brothers Tbk for the period of 2002 – 2005, he
Bakrie & Brothers Tbk pada periode 2002 - 2005, then held a position in the Business Development &
beliau kemudian memegang posisi di Business Strategic Investment Portfolio of PT Bakrie Sumatera
Development & Strategic Investment Portfolio PT Plantations Tbk for the period of 2005 – 2015 with
Bakrie Sumatera Plantations Tbk pada periode 2005 his last position as Executive Vice President, then he
– 2015 dengan jabatan terakhir sebagai Executive was also appointed as President Director of PT Bakrie
Vice President, kemudian diangkat juga sebagai Sentosa Persada for the period of 2011 – 2017 and as
Direktur Utama PT Bakrie Sentosa Persada pada President Director of PT ASD – Bakrie Oil Palm Seed
periode 2011 – 2017 dan Direktur Utama PT ASD – Indonesia for the period of 2013 - 2018. Prior to joining
Bakrie Oil Palm Seed Indonesia pada periode 2013 Bakrie Group, he has experience in manufacturing
- 2018. Sebelum bergabung dengan grup Bakrie, industry in several private national companies.
beliau memiliki pengalaman di industri manufaktur
di beberapa perusahaan swasta nasional.
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OKDER
PENDRIAN
CHIEF HUMAN CAPITAL
& OFFICE SUPPORT
Okder Pendrian, Warga Negara Indonesia, lahir
pada tahun 1973. Bergabung dengan PT Bakrie
& Brothers Tbk pada tahun 1997 dan saat ini
menjabat sebagai Chief Human Capital & Office
Support. Selama berkarir di Perseroan, beliau
sudah ditugaskan pada beberapa unit usaha, yaitu
sebagai Chief Human Resources & Organization
PT Bakrie Metal Industries dan HR Advisor di PT
Darma Henwa Tbk. Memperoleh gelar Sarjana
di bidang Teknologi Industri Pertanian dari
Institut Pertanian Bogor dan gelar MBA di bidang
General Management dari IPMI Business School,
Jakarta, serta gelar Doktor di bidang Strategic
Management dari Universitas Indonesia, Jakarta.
Okder Pendrian, an Indonesian citizen, was born
in 1973. Joined PT Bakrie & Brothers Tbk in 1997
and currently serves as Chief Human Capital
& Office Support, in addition to that he also
serves as Director & CEO of PT Bakrie Strategic
Solutions. During his career at the Company, he
was assigned to several business units, namely
as the Chief Human Resources & Organization
of PT Bakrie Metal Industries and HR Advisor at
PT Darma Henwa Tbk. He earned a Bachelor’s
degree in Agricultural Industrial Technology from
the Bogor Agricultural University and an MBA in
General Management from IPMI Business School,
Jakarta, and a Doctorate in Strategic Management
from the University of Indonesia, Jakarta.
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DIDIT
ARDYANTO
CHIEF TECHNOLOGY OFFICER
Didit Ardyanto, Warga Negara Indonesia, lahir di Jakarta
pada tahun 1974 dan memperoleh gelar Sarjana di
bidang Teknik Sipil dari Universitas Trisakti, Jakarta,
dan gelar MBA di bidang Finance dari Southeastern
Louisiana University, Hammond, LA, USA.
Beliau menjabat sebagai Chief Technology Officer
sejak Juli 2022, serta menjabat sebagai Direktur
Utama PT Multi Kontrol Nusantara sejak tahun 2018.
Beliau bergabung dengan Grup Bakrie sejak tahun
2003 sebagai Senior Manager Departemen Corporate
Finance & Treasury PT Bakrie & Brothers Tbk, beliau
kemudian menjabat sebagai Head of Asset & Liabilities
Management PT Bakrie & Brothers Tbk pada periode
2007 – 2009, kemudian diangkat sebagai Chief Financial
Officer dan Managing Director PT Multi Kontrol Nusantara
pada periode 2009 - 2018. Sebelum bergabung dengan
grup Bakrie, beliau memiliki pengalaman perbankan
dan pengelolaan risiko di sebuah bank swasta asing.
Didit Ardyanto, an Indonesian nationality, was born
in Jakarta in 1974 and earned a Bachelor degree in
Civil Engineering from Trisakti University, Jakarta, and
MBA degree in Finance subject from Southeastern
Louisiana University, Hammond, LA, USA.
He holds the position of Chief Technology Officer since
July 2022 and also holds the position of President
Director at PT Multi Kontrol Nusantara since 2018. He
joined Bakrie Group in 2003 as Senior Manager of
Corporate Finance & Treasury Department of PT Bakrie &
Brothers Tbk, he then held the position of Head of Asset
& Liabilities Management of PT Bakrie & Brothers Tbk
for the period of 2007-2009, he was then appointed as
Chief Financial Officer and Managing Director of PT Multi
Kontrol Nusantara for the period of 2009 - 2018. Prior to
joining Bakrie Group, he has experience in banking and
risk management field in a private multinational bank.
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A. AMRI ASWONO
PUTRO
CHIEF BUSINESS DEVELOPMENT OFFICER
A. Amri Aswono Putro, Warga Negara Indonesia, A. Amri Aswono Putro, an Indonesian nationality,
lahir di Yogyakarta pada tahun 1965 dan was born in Yogyakarta in 1965 and earned
memperoleh gelar Sarjana di bidang Teknik Sipil a Bachelor degree in Civil Engineering from
dari Universitas Gajah Mada, Yogyakarta. Gajah Mada University, Yogyakarta.
Beliau menjabat sebagai Chief Business Development He holds the position of Chief Business Development
Officer sejak Juli 2022, serta menjabat sebagai Officer since July 2022 and also holds the position of
Direktur PT Bakrie Indo Infrastructure sejak tahun Director at PT Bakrie Indo Infrastructure since 2012.
2012. Sebelumnya beliau menjabat sebagai Previously he held the position of Director and Chief
Direktur dan Chief Financial Officer pada periode Financial Officer for the period of 2015 – 2021, he
2015 – 2021, kemudian menjabat sebagai Direktur then held the position of Director and Chief Business
dan Chief Business Officer pada periode Juni Officer for the period of June 2021 – July 2022. He
2021 – Juli 2022. Beliau bergabung dengan Grup joined Bakrie Group in 2006 as Corporate Treasury
Bakrie sejak tahun 2006 sebagai Kepala Divisi Division Head at PT Bakrieland Development Tbk,
Corporate Treasury PT Bakrieland Development he was then appointed as Director of PT Bakrieland
Tbk, beliau kemudian diangkat sebagai Direktur Development Tbk for the period of 2011-2012. He
PT Bakrieland Development Tbk pada periode has handled various infrastructure projects during
2011-2012. Direktur & Chief Financial Officer (CFO) his tenure in PT Bakrieland Development Tbk.
sejak Juni 2015. Beliau menangani beragam proyek Prior to joining Bakrie Group, he has 15 years of
infrastruktur selama menjabat di PT Bakrieland experience in banking and investment industry in a
Development Tbk. Sebelum bergabung dengan private national bank and other private institutions.
grup Bakrie, beliau memiliki pengalaman perbankan
dan investasi selama 15 tahun di sebuah bank
swasta nasional dan institusi swasta lainnya.
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Corporate Governance Social and Environmental
Implementation Report Responsibility
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MANAJEMEN SENIOR
SENIOR MANAGEMENT
BAKRIE & BROTHERS
IMG_5208 IMG_4954
FERDI EKA CHRISTOFER A.
SETIADI UKTOLSEJA
Head of Investment Head of Corporate Legal
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& the Board of Directors
Page 425
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IMG_5060
GEOVANI RUDDYAR GEGEG MINTOROGO
SUSANTO RUSLAN
IMG_4986 IMG_5029
Head of Business Control
Head of Strategy & Head of Group & Risk Management
Transformation Accounting
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Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 426
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MANAJEMEN SENIOR UNIT USAHA
SENIOR MANAGEMENT OF BUSINESS UNIT
VKTR TEKNOLOGI MOBILITAS
V. BIMO A. ARDIANSYAH INDAH PERMATASARI MAHZIL
KURNIATMOKO BAKRIE SAUGI FEBRI
Direktur | Director Chief Executive Officer Chief of Corporate Affairs Direktur BUMM
Chief of Operation Officer Director BUMM
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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A. AMRI GILARSI W. DINO A. RYANDI I GEDE RAI
ASWONO PUTRO SETIJONO Direktur | Director ARYANATA
Direktur | Director Direktur Utama Chief of Business Direktur Keuangan BA
Chief of Financial President Director Development Officer Finance Director BA
& Risk Officer
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Implementation Report Responsibility
Page 428
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MANAJEMEN SENIOR UNIT USAHA
SENIOR MANAGEMENT OF BUSINESS UNIT
BAKRIE INDO INFRASTRUCTURE
A. AMRI ASWONO A. ARDIANSYAH
PUTRO BAKRIE
Direktur | Director Direktur Utama
President Director
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& the Board of Directors
Page 429
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ROY HENDRAJANTO RONALD NEHEMIA
M. SAKTI SINAGA
Direktur | Director Direktur BP & Helio
Director BP & Helio
427
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Implementation Report Responsibility
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MANAJEMEN SENIOR UNIT USAHA
SENIOR MANAGEMENT OF BUSINESS UNIT
MULTI KONTROL NUSANTARA
HANDRA DIDIT ARDYANTO
AZWAR Direktur Utama |
Direktur | Director President Director
IRMA SETYOWATI
Direktur | Director
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MANAJEMEN SENIOR UNIT USAHA
SENIOR MANAGEMENT OF BUSINESS UNIT
CIMANGGIS CIBITUNG TOLLWAYS
Y. WIDI RUDDYAR
SUHARYANTO RUSLAN
Direktur Utama | Direktur Keuangan |
President Director Finance Director
429
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Implementation Report Responsibility
Page 432
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MANAJEMEN SENIOR UNIT USAHA
SENIOR MANAGEMENT OF BUSINESS UNIT
BAKRIE METAL INDUSTRIES
RACHMAT R. ATOK
BUDIARTO HENDRAYANTO
Direktur | Director Direktur Utama
& Chief Corporate President Director
Support Officer & Chief Executive Officer
430
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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AZWARMAN Y. WIDI DEDY
TANJUNG SUHARYANTO SETYAWAN
Chief ICRM Officer Chief Operation Officer Chief Commercial
Officer
431
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Implementation Report Responsibility
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MANAJEMEN SENIOR UNIT USAHA
SENIOR MANAGEMENT OF BUSINESS UNIT
BAKRIE PIPE INDUSTRIES
ARIEF DJOKO DEDDY KURNIA AZWARMAN
PRAMONO Chief Operating Officer TANJUNG
Chief Logistic Officer Risk Management
Department Head
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R. ATOK RACHMAT ISKANDAR I. DAULAY
HENDRAYANTO BUDIARTO Chief Commercial Officer
Direktur Utama Chief Corporate
President Director Support Officer
& Chief Executive Officer
433
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Implementation Report Responsibility
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DAFTAR PENGUNGKAPAN
SESUAI PERATURAN OJK
NO.29 TAHUN 2016 >
LIST OF DISCLOSURE BASED ON
POJK NO.29 YEAR 2016
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DAF TAR PENGU NG K APAN SESUAI PER ATU R AN OTORITA S JA SA KEUANGAN NO. 29 TAH U N 201 6
LIST OF DISCLOSURE BASED ON POJK NO.29 YEAR 2016
HALAMAN
I UMUM GENERAL
PAGE
1 Laporan tahunan disajikan dalam bahasa The Annual Report shall be written in good
Indonesia yang baik dan benar dan dianjurkan and correct Indonesian, and is recommended
menyajikan juga dalam bahasa Inggris to be presented in English as well.
2 Laporan tahunan dicetak dengan kualitas
The Annual Report shall be printed with good
yang baik dan menggunakan jenis dan
quality using readable type and sized fonts.
ukuran huruf yang mudah dibaca
3 Laporan tahunan mencantumkan The Annual Report shall present
identitas perusahaan dengan jelas clear identity of the Company
Nama perusahaan dan tahun The Company name and the annual report
annual report ditampilkan di: financial year shall be presented on;
1. Sampul muka; 1. Front Cover
2. Samping; 2. Side Cover
3. Sampul belakang; dan 3. Back Cover
4. Informasi memuat antara lain: 4. Every Page
4 Laporan tahunan ditampilkan The Annual Report shall be posted
di website perusahaan in the company’s website
Mencakup laporan tahunan terkini dan Including the latest Annual Report as
paling kurang 4 tahun terakhir. well as those for the last four years.
HALAMAN
II IKHTISAR DATA KEUANGAN PENTING KEY FINANCIAL HIGHLIGHTS
PAGE
1 Informasi hasil usaha perusahaan dalam
bentuk perbandingan selama 3 (tiga) tahun
buku atau sejak memulai usahanya jika Income Statement in comparison for 3 (three)
perusahaan tersebut menjalankan kegiatan financial years or since the commencement of
usahanya selama kurang dari 3 (tiga) tahun business if the company has been running its
Informasi memuat antara lain: 40 business activities for less than 3 (three) years.
1. Penjualan/pendapatan usaha; Information contains the following:
2. Laba (rugi): 1. Income
a. Diatribusikan kepada pemilik 2. Profit (loss):
entitas induk; dan a. Attributable to equity holders
b. Diatribusikan kepada of the parent entity
kepentingan non pengendali; b.Attributable to non controlling interest
3. Penghasilan komprehensif periode berjalan : 3. Comprehensive income for the period:
a. Diatribusikan kepada pemilik a. Attributable to equity holders
entitas induk; dan of the parent entity
b. Diatribusikan kepada kepentingan b.Attributable to non-controlling interest
nonpengendali; dan 4.Earning (loss) per share
4. Laba (rugi) per saham. Note: if the company does not have
Catatan: Apabila perusahaan tidak memiliki subsidiaries, the profit (loss) and other
entitas anak, perusahaan menyajikan comprehensive income is presented in total
laba (rugi) dan penghasilan komprehensif
periode berjalan secara total.
2 Informasi posisi keuangan perusahaan dalam Financial Position in comparison for 3 (three)
bentuk perbandingan selama 3 (tiga) tahun financial years or since the commencement of
buku atau sejak memulai usahanya jika 40 business if the company has been running its
perusahaan tersebut menjalankan kegiatan business activities for less than 3 (three) years
usahanya selama kurang dari 3 (tiga) tahun Information contains the following;
Informasi memuat antara lain:
1. Jumlah investasi pada entitas asosiasi; 528 1. Total investment on associates
2. Jumlah aset; 40 2. Total assets
3. Jumlah liabilitas; dan 40 3. Total liabilities
4. Jumlah ekuitas. 40 4. Total equity
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3 Rasio keuangan dalam bentuk perbandingan Financial ratio in comparison for 3 (three)
selama 3 (tiga) tahun buku atau sejak financial years or since the commencement of
memulai usahanya jika perusahaan business if the company has been running its
tersebut menjalankan kegiatan usahanya 40 business activities for less than 3 (three) years.
selama kurang dari 3 (tiga) tahun Information covers 5 (five) financial
Informasi memuat 5 (lima) rasio keuangan yang ratios, which are generally applied and
umum dan relevan dengan industri perusahaan. relevant to the company’s industry.
4 Informasi harga saham dalam
bentuk tabel dan grafik Share price information in tables and charts
1. Jumlah saham yang beredar
2. Informasi dalam bentuk tabel yang memuat: 1. Number of shares outstanding
a. Kapitalisasi pasar berdasarkan harga 2. The table forms contain the following information;
pada Bursa Efek tempat saham dicatatkan a. Market capitalization based on price on the
b. Harga saham tertinggi, terendah, Stock Exchange where the shares are listed
dan penutupan berdasarkan harga pada b. Highest, lowest, and closing share
Bursa Efek tempat saham dicatatkan prices based on prices on the Stock
c. Volume perdagangan saham pada Exchange where the shares are listed
Bursa Efek tempat saham dicatatkan c. Trading volume of shares on the Stock
3. Informasi dalam bentuk grafik Exchange where the shares are listed
41 - 42
yang memuat paling kurang: 3. The graph forms contain at least
a. Harga penutupan berdasarkan harga the following information;
pada Bursa Efek tempat saham dicatatkan a. The closing price of shares based on price on
b. Volume perdagangan saham pada the Stock Exchange where the shares are listed
Bursa Efek tempat saham dicatatkan b. Trading volume of shares on the Stock
Exchange where the shares are listed
Untuk setiap masa triwulan dalam
2 (dua) tahun buku terakhir. For each quarter in the latest 2 (two) financial years.
Catatan: apabila perusahaan tidak memiliki Note: should be disclosed if the company
kapitalisasi pasar, informasi harga saham, dan does not have market capitalization, share
volume perdagangan saham, agar diungkapkan. price, and share trading volume.
5 Informasi mengenai obligasi, sukuk atau Information regarding outstanding bonds, sukuk, or
obligasi konversi yang masih beredar convertible bonds, in 2 (two) latest financial years
dalam 2 (dua) tahun buku terakhir
Informasi memuat: Information contains:
1. Jumlah obligasi/sukuk/obligasi 1. Numbers of outstanding bonds,
konversi yang beredar sukuk or convertible bonds;
N/A
2. Tingkat bunga/imbalan 2. Interest rate/yield
3. Tanggal jatuh tempo 3. Maturity date
4. Peringkat obligasi/sukuk tahun 2024 dan 2025 4. Rating of bonds/sukuk in 2024 and 2025
Catatan: apabila perusahaan tidak memiliki Note: should be disclosed if the company
obligasi/sukuk/obligasi konversi, agar diungkapkan does not have outstanding bonds,
sukuk, or convertible bonds
HALAMAN BOARD OF COMMISSIONER’S AND
III LAPORAN DEWAN KOMISARIS DAN DIREKSI
PAGE BOARD OF DIRECTOR’S REPORT
1 Laporan Dewan Komisaris Board of Commissioner’s Report
Memuat hal-hal sebagai berikut: Contain the following:
1. Penilaian atas kinerja Direksi mengenai 1. Assessment on the performance of the
pengelolaan perusahaan dan dasar penilaiannya Board of Directors in managing the
2. Pandangan atas prospek usaha perusahaan company and the basis for such evaluation
yang disusun oleh Direksi dan 2. Views on the business prospects of the
dasar pertimbangannya company as prepared by the Board of
94 - 101
3. Pandangan atas penerapan/pengelolaan Directors and the basis for such consideration
whistleblowing system (WBS) di perusahaan 3. Views on the implementation/management of
dan peran Dewan Komisaris the Company’s whistleblowing system (WBS) and
dalam WBS tersebut the role of the Board of Commissioners in the WBS
4. Perubahan komposisi Dewan Komisaris 4. Changes in the composition of the
(jika ada) dan alasan perubahannya Board of Commissioners (if any) and
the reason for such changes
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2 Laporan Direksi
Board of Directors Report
Memuat hal-hal sebagai berikut:
Contain the following:
1. Analisis atas kinerja perusahaan,
1. Analysis of the company’s performance,
yang mencakup antara lain:
covering among others:
a. kebijakan strategis;
a. strategic policies
b. perbandingan antara hasil yang dicapai
b. comparison between targets and achievements
dengan yang ditargetkan; dan
115 - 133 c. challenges faced by the company and
c. kendala-kendala yang dihadapi perusahaan
initiatives to deal with those challenges
dan langkah-langkah penyelesaiannya;
2. Analysis on business prospects
2. Analisis tentang prospek usaha;
3. Development in the implementation
3. Perkembangan penerapan tata kelola
of GCG during the fiscal year
perusahaan pada tahun buku; dan
4. Changes in the composition of the Board of
4. Perubahan komposisi anggota Direksi
Directors (if any) and the reason for such changes
(jika ada) dan alasan perubahannya.
3 Tanda tangan anggota Dewan
Komisaris dan anggota Direksi
Signatures of the members of the Board of
Commissioners and Board of directors
Memuat hal-hal sebagai berikut:
1. Tanda tangan dituangkan pada
Contain the following;
lembaran tersendiri
1. Signatures on a separate page
2. Pernyataan bahwa Dewan Komisaris
2. Statement of responsibility of the Board of
dan Direksi bertanggung jawab penuh
Commissioners and the Board of Directors for
atas kebenaran isi Laporan Tahunan
the accuracy of the contents of the Annual Report
3. Ditandatangani seluruh anggota Dewan 148 - 149
3. Signed by all members of the Board of
Komisaris dan anggota Direksi dengan
Commissioners and Board of Directors
menyebutkan nama dan jabatannya
by stating their names and positions
4. Penjelasan tertulis dalam surat tersendiri
4. Written explanation in separate letter from
dari yang bersangkutan dalam hal terdapat
the person(s) concerned in the event that
anggota Dewan Komisaris atau anggota Direksi
member(s) of Board of Commissioners of Board
yang tidak menandatangani laporan tahunan,
of Directors fail to sign the annual report; or
atau penjelasan tertulis dalam surat tersendiri
written explanation from the person(s) concerned
dari anggota yang lain dalam hal tidak terdapat
penjelasan tertulis dari yang bersangkutan
HALAMAN
IV PROFIL PERUSAHAAN COMPANY PROFILE
PAGE
1 Nama dan alamat lengkap perusahaan Name and complete address of the company
Informasi memuat antara lain: nama information contains, among, others, name
8-9
dan alamat, kode pos, nomor telepon, and address, postal code, telephone
nomor faksimili, email, dan website. number, fax, email, and website
2 Riwayat singkat perusahaan Brief history of the company
Mencakup antara lain tanggal/tahun pendirian, Contain among others date/year of establishment,
nama, perubahan nama perusahaan (jika ada), name of the company, change of name (if any),
8 - 10
dan tanggal efektif perubahan nama perusahaan. and effective date of the change of name
Catatan: apabila perusahaan tidak pernah Note: to be disclosed if the company
melakukan perubahan nama, agar diungkapkan never had a change of name
3 Bidang usaha Line of business
Uraian mengenai antara lain: Description of, among others:
1. Kegiatan usaha perusahaan menurut 1. The line of business as stated in the
8-9
anggaran dasar terakhir latest Articles of Association;
2. Kegiatan usaha yang dijalankan 2. Business activities
3. Produk dan/atau jasa yang dihasilkan 3. Product; and/or services offered
4 Struktur Organisasi Organization structure
Dalam bentuk bagan, meliputi nama dan Diagram of organization structure, containing
18 - 19
jabatan paling kurang sampai dengan name and position of personnel up to
struktur satu tingkat di bawah Direksi. at least one level below Director
437
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5 Visi, Misi, dan Budaya Perusahaan mencakup: Vision, Mission and Corporate Culture
1. Visi perusahaan; Containing:
2. Misi perusahaan; 1. Vision
3. Keterangan bahwa visi dan misi tersebut 2. Mission
14 - 15
telah dikaji dan disetujui oleh Direksi/ 3. Statement that the vision and mission have
Dewan Komisaris pada tahun buku; dan been reviewed and approved by the Board
4. Pernyataan mengenai budaya perusahaan of Commissioners/Directors in the fiscal year
(corporate culture) yang dimiliki perusahaan. 4. Statement on the corporate culture
6 Identitas dan riwayat hidup singkat Profiles of members of the Board of Commissioners
anggota Dewan Komisaris
Informasi memuat antara lain: Containing information on:
1. Nama; 1. Name
2. Jabatan dan periode jabatan (termasuk 2. Position and period in position (including
jabatan pada perusahaan atau lembaga lain); position(s) held at other company/institution)
3. Umur; 3. Age
4. Domisili; 102 - 113 4. Domicile
5. Pendidikan (bidang studi dan 5. Education (study field and education institution)
lembaga pendidikan); 6. Work experience (position, company
6. Pengalaman kerja (jabatan, instansi, and period in position)
dan periode menjabat); dan 7. History of assignment (period and position)
7. Riwayat penunjukkan (periode dan jabatan) as member of the Board of Commissioners
sebagai anggota Dewan Komisaris di at the company since the fist appointment
Perusahaan sejak pertama kali ditunjuk.
7 Identitas dan riwayat hidup singkat anggota Direksi Profiles of members of the Board of Directors
Informasi memuat antara lain:
1. Nama; Containing information on:
2. Jabatan dan periode jabatan (termasuk 1. Name
jabatan pada perusahaan atau lembaga lain); 2. Position and period in position (including
3. Umur; position(s) held at other company/institution)
4. Domisili; 3. Age
134 - 147
5. Pendidikan (bidang studi dan 4. Domicile
lembaga pendidikan); 5. Education (study field and education institution)
6. Pengalaman kerja (jabatan, instansi, 6. Work experience (position, company
dan periode menjabat); dan and period in position)
7. Riwayat penunjukkan (periode dan jabatan) 7. History of assignment (period and position)
sebagai anggota Dewan Komisaris di as member of the Board of Commissioners
Perusahaan sejak pertama kali ditunjuk. at the company since the fist appointment
8 Jumlah karyawan (komparatif 2 tahun) dan Total number of employees (comparative for
data pengembangan kompetensi karyawan 2 years) and data on employee competence
yang mencerminkan adanya kesempatan 196 - 200 development programs reflecting equal
untuk masing-masing level organisasi opportunities for each level of the organization
Informasi memuat antara lain: Information contains among others:
1. Jumlah karyawan untuk masing- 196 1. Number of employees at each
masing level organisasi; level of the organization
2. Jumlah karyawan untuk masing- 197 2. Number of employees by education
masing tingkat pendidikan;
3. Jumlah karyawan berdasarkan 198 3. Number of employees by employment status
status kepegawaian;
4. Data pengembangan kompetensi 200 4. Date on employee competence develoment
karyawan yang telah dilakukan pada programs during the fiscal year conceming
tahun buku yang terdiri dari pihak (level position of participants, type of training, and
jabatan) yang mengikuti pelatihan, jenis purpose of training
pelatihan, dan tujuan pelatihan; dan
5. Biaya pengembangan kompetensi karyawan 201 - 202 5. The cost of employee competence development
yang telah dikeluarkan pada tahun buku. programs in the fiscal year
438
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9 Komposisi pemegang saham
Mencakup antara lain: Shareholders composition
1. Rincian nama pemegang saham yang Covering among others;
meliputi 20 pemegang saham terbesar 1. Names of the 20 largest shareholders
dan persentase kepemilikannya and their shareholding percentage
2. Rincian pemegang saham dan 2. Details of shareholders and shareholding
persentase kepemilikannya meliputi: percentage which includes:
a. Nama pemegang saham yang a.Name of shareholders with 5%
memiliki 5% atau lebih saham or more shareholding
b. Kelompok pemegang saham 45 - 46 b. Group of public shareholders with individual
masyarakat dengan kepemilikan saham shareholding of less than 5% each
masing-masing kurang dari 5%. 3. Names of Director and Commissioner with
3. Nama Direktur dan Komisaris serta direct or indirect share-ownership and
persentase kepemilikan sahamnya the percentage of such shareholding
secara langsung dan tidak langsung
Note: should be disclosed if the Director
Catatan: apabila Direktur dan Komisaris and Commissioner does not own
tidak memiliki saham langsung dan shares, directly or indirectly.
tidak langsung, agar diungkapkan.
10 Daftar entitas anak dan/atau entitas asosiasi List of subsidiaries and/or associated entities
Dalam bentuk tabel memuat informasi antara lain: In table form, containing:
1. Nama entitas anak dan/atau asosiasi; 1. Name of subsidiary and/or associated entity
2. Persentase kepemilikan saham; 2. Share-ownership percentage
3. Keterangan tentang bidang usaha entitas 22 - 27 3. Line of business of subsidiary and/
anak dan/atau entitas asosiasi; dan or associated entity
4. Keterangan status operasi entitas 4. Operational status of subsidiary and/or
anak dan/atau entitas asosiasi (telah associated entity (in commercial operation/
beroperasi atau belum beroperasi). not yet in commercial operation)
11 Struktur grup perusahaan Corporate group structure
Struktur grup perusahaan dalam bentuk Diagram of corporate group structure
bagan yang menggambarkan entitas induk, 20 - 21 involving relationship of the parent company,
entitas anak, entitas asosiasi, joint venture, subsidiary, associated entity, joint venture,
dan special purpose vehicle (SPV). and special purpose vehicle (SPV)
12 Kronologi penerbitan saham (termasuk private
Chronology of share listing (including private
placement) dan/atau pencatatan saham dari awal
placement) and /or share listing from the share
penerbitan sampai dengan akhir tahun buku
issuance up to the end of the fiscal year
Mencakup antara lain:
Covering among others;
1. Tahun penerbitan saham, jumlah saham, nilai
1. Year of share issuance, number of shares
nominal saham, dan harga penawaran
issued, par valued, and share offer price,
saham untuk masing-masing aksi
47 - 48 for each separate corporate action
korporasi (corporate action);
2. Total number of shares outstanding
2. Jumlah saham tercatat setelah masing-masing
following coporate action
aksi korporasi (corporate action); dan
3. The stock exchange where the shares are listed
3. Nama bursa dimana saham
perusahaan dicatatkan.
Note: should be disclosed if the company does
Catatan: apabila perusahaan tidak memiliki
not have a chronology of share listing.
kronologi pencatatan saham, agar diungkapkan.
13 Kronologi penerbitan dan/atau pencatatan
efek lainnya dari awal penerbitan Chronology of other securities issuance
sampai dengan akhir tahun buku and/or listing from the time of issuance
Mencakup antara lain: up until the end of the fiscal year
1. Nama efek lainnya, tahun penerbitan efek Covering among others;
lainnya, tingkat bunga/ 1. Name of security instrument, year of issuance,
imbalan efek lainnya, dan tanggal interest rate/yield of securities, and maturity date
N/A
jatuh tempo efek lainnya; 2. Offering price of other securities
2. Nilai penawaran efek lainnya; 3. The stock exhange where the securities are listed
3. Nama bursa dimana efek lainnya dicatatkan; dan 4. Rating of securities
4. Peringkat efek.
Catatan: apabila perusahaan tidak memiliki Note: should be disclosed if the company does not
kronologi penerbitan dan pencatatan have chronology of other securities issuance/listing.
efek lainnya, agar diungkapkan.
439
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14 Nama dan alamat lembaga dan/ Name and address of the supporting
atau profesi penunjang institutions and/or professionals
Informasi memuat antara lain: Covering among others;
1. Nama dan alamat BAE/pihak yang 413 1. Name and address of the
mengadministrasikan saham perusahaan; company’s Share Registrar
2. Nama dan alamat Kantor Akuntan Publik; dan 2. Name and address of Public Accountant Firm
3. Nama dan alamat perusahaan pemeringkat efek. 3. Name and address of rating agencies
15 Penghargaan yang diterima dalam tahun
Awards received during the fiscal year,
buku terakhir dan/atau sertifikasi yang masih
or valid certification in the fiscal year, at
berlaku dalam tahun buku terakhir baik yang
both national and international levels
berskala nasional maupun internasional
Informasi memuat antara lain:
Covering among others;
1. Nama penghargaan dan/atau sertifikasi; 49 - 79
1. Name of award and/or certification
2. Tahun perolehan penghargaan
2. Year received/issued
dan/atau sertifikasi;
3. Name of institution that issued
3. Badan pemberi penghargaan
the award/certification
dan/atau sertifikasi; dan
4. Validity period (certification)
4. Masa berlaku (untuk sertifikasi).
16 Nama dan alamat entitas anak dan/atau kantor Name and address of subsidiaries and/or
cabang atau kantor perwakilan (jika ada) branch offices or representative offices (if any)
Memuat informasi antara lain: Covering among others:
1. Nama dan alamat entitas anak; dan 1. Name and address of subsidiaries
412 - 413
2. Nama dan alamat kantor cabang/perwakilan. 2. Name and address of branch representative office
Catatan: apabila perusahaan tidak memiliki Note: should be disclosed if the company
entitas anak, kantor cabang, dan kantor does not have a subsidiary, branch
perwakilan, agar diungkapkan. office or representative office.
17 Informasi pada website Perusahaan Information in the Corporate website
Meliputi paling kurang: Covers at the very least:
1. Informasi pemegang saham sampai 1. information of shareholders up to the
dengan pemilik akhir individu individual ultimate shareholder
2. Isi Kode Etik 2. Contents of the code of conduct
3. Informasi Rapat Umum Pemegang Saham 3. Information on the General Meeting of
(RUPS) paling kurang meliputi bahan mata Shareholders (GMS), covering at least agenda
acara yang dibahas dalam RUPS, ringkasan of the GMS, summary of GMS resolutions, and
risalah RUPS, dan informasi tanggal penting information of pertinent dates, namely the dates of
yaitu tanggal pengumuman RUPS, tanggal GMS announcement, GMS invitation, GMS event,
pemanggilan RUPS, tanggal RUPS, tanggal and announcement of summary GMS resolutions;
ringkasan risalah RUPS diumumkan
4. Laporan keuangan tahunan 4. Annual financial statements (last 5 years);
terpisah (5 tahun terakhir)
5. Profil Dewan Komisaris dan Direksi 5. Profiles of the Board of
Commissioners and Directors
6. Piagam/Charter Dewan Komisaris, Direksi, 6. Board Manual/Charter of the BOC, BOD,
Komite-komite, dan Unit Audit Internal Committees and Internal Audit Unit
18 Pendidikan dan/atau pelatihan Dewan Training and education for the Board of
Komisaris, Direksi, Komite- komite, Sekretaris Commissioners, Board of Directors, Committees,
Perusahaan, dan Unit Audit Internal Corporate Secretary, and Internal Audit Unit
Meliputi paling kurang informasi (jenis dan Cover at least information of the type
pihak yang relevan dalam mengikuti): of training and participant of:
1. Pendidikan dan/atau pelatihan 241 1. Training and/or education for The
untuk Dewan Komisaris Board Of Commissioners
2. Pendidikan dan/atau pelatihan untuk Direksi 255 2. Training and /or education for
The Board Of Directors
3. Pendidikan dan/atau pelatihan untuk Komite Audit 266 3. Training and/or education for Audit Committee
4. Pendidikan dan/atau pelatihan untuk 271 4. Training and/or education for Nomination
Komite Nominasi dan Remunerasi and Remuneration Committee;
5. Pendidikan dan/atau pelatihan 271, 276, 5. Training and/or education for Other Committee(s)
untuk Komite lainnya 280
6. Pendidikan dan/atau pelatihan 284 - 285 6. Training and/or education for Corporate Secretary
untuk Sekretaris Perusahaan
7. Pendidikan dan/atau pelatihan 302 - 303 7. Training and/or education for Internal Audit Units
untuk Unit Audit Internal Note: should be disclosed if there are no training
Catatan: apabila tidak terdapat and/or education during the fiscal year.
pendidikan dan/atau pelatihan pada
tahun buku, agar diungkapkan.
440
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ANALISA DAN PEMBAHASAN MANAJEMEN HALAMAN MANAGEMENT DISCUSSION AND ANALYSIS
V
ATAS KINERJA PERUSAHAAN PAGE ON THE COMPANY PERFORMANCE
1 Tinjauan operasi per segmen usaha Operation review per business segment
Memuat uraian mengenai: Includes analysis on:
1. Penjelasan masing-masing segmen usaha. 1. Elaboration on each business segment
2. Kinerja per segmen usaha, antara lain: 152 - 159 2. Performance of each buseinss
a. Produksi; segment, among others;
b. Peningkatan/penurunan kapasitas produksi; a.Production
c. Penjualan/pendapatan usaha; dan b.Increase/Decrease of production capacity
d. Profitabilitas. c. Sales/Income
d. Profitability
2 Uraian atas kinerja keuangan Perusahaan Description on the Company’s financial performance
Analisis kinerja keuangan yang mencakup
perbandingan antara kinerja keuangan tahun yang An analysis comparing the performance of the
bersangkutan dengan tahun sebelumnya dan current year and that of the previous year (in the
penyebab kenaikan/penurunan suatu akun (dalam form of narration and tables) and the reasons for the
bentuk narasi dan tabel), antara lain mengenai: eincrease/decrease of the accounts, including in:
1. Aset lancar, aset tidak lancar, dan total aset; 166 1. Current assets, non-current
assets, and total assets
2. Liabilitas jangka pendek, liabilitas 166 - 167 2. Short-term liabilities, long-term
jangka panjang dan total liabilitas; liabilities, and total liabilities
3. Ekuitas; 167 3. Equity
4. Penjualan/pendapatan usaha, beban, laba 159 - 165 4. Sales/operating revenues, expenses,
(rugi), penghasilan komprehensif lain, dan profit (loss), other comprehensive income,
penghasilan komprehensif periode berjalan; dan comprehensive income for the current year
5. Arus kas. 168 5. Cash flows
3 Bahasan dan analisis tentang kemampuan
membayar utang dan tingkat kolektibilitas
Discussion and analysis on solvability and
piutang perusahaan, dengan menyajikan
level of the company receivables collectibility,
perhitungan rasio yang relevan sesuai
by presenting relevant ratio calculation in
dengan jenis industri perusahaan
line with the company’s type of industry
Penjelasan tentang :
Explanation on:
1. Kemampuan membayar hutang, baik jangka 169
1. Solvability, both short term and long term
pendek maupun jangka panjang; dan
2. Level of receivables collectibility
2. Tingkat kolektibilitas piutang.
4 Bahasan tentang struktur modal (capital
structure) dan kebijakan manajemen atas Discussion on capital structure, and
struktur modal (capital structure policy) management poilicy on capital structure
Penjelasan atas: Explanation on:
1. Rincian struktur modal (capital structure) 1. Details of capital structure comprising of
yang terdiri dari utang berbasis 170 - 171 interest-bearing debts/sukuk and equity
bunga/sukuk dan ekuitas;
2. Kebijakan manajemen atas struktur 2. Capital structure policies
modal (capital structure policies); dan
3. Dasar pemilihan kebijakan 3. Basis for determination of capital structure policies
manajemen atas struktur modal.
5 Bahasan mengenai ikatan yang material
untuk investasi barang modal (bukan ikatan Discussion on material commitments of
pendanaan) pada tahun buku terakhir capital investments (instead of funding
Penjelasan tentang: commitments) in the last fiscal year
1. Nama pihak yang melakukan ikatan; Explanation on:
2. Tujuan dari ikatan tersebut; 1. Parties in the commitments
3. Sumber dana yang diharapkan untuk 2. Objectives of the commitments
memenuhi ikatan-ikatan tersebut; 171 3. Sources of funds to meet the commitments
4. Mata uang yang menjadi denominasi; dan 4. Denomination currency of commitments
5. Langkah-langkah yang direncanakan 5. Initiatives taken to mitigate exchange rate risk
perusahaan untuk melindungi risiko dari
posisi mata uang asing yang terkait. Note: should be disclosed if the company
Catatan: apabila perusahaan tidak mempunyai does not have any material commitment for
ikatan terkait investasi barang modal pada capital investments in the fiscal year.
tahun buku terakhir agar diungkapkan.
441
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6 Bahasan mengenai investasi barang modal Discussion on capital investment
yang direalisasikan pada tahun buku terakhir realized at the latest financial year
Penjelasan tentang: Explanation on:
1. Jenis investasi barang modal; 1. Type of capital investment
2. Tujuan investasi barang modal; dan 171 2. Objectives of capital investment
3. Nilai investasi barang modal yang 3. Nominal value of capital investment
dikeluarkan pada tahun buku terakhir. realized in the last fiscal year
Catatan: apabila tidak terdapat realisasi Note: should be disclosed if there
investasi barang modal, agar diungkapkan. are no capital investment
7 Informasi perbandingan antara target pada
awal tahun buku dengan hasil yang dicapai Information on the comparison between initial
(realisasi), dan target atau proyeksi yang target at the beginning of financial year and the
ingin dicapai untuk satu tahun mendatang realization and target or projection for the next year
mengenai pendapatan, laba, dan lainnya concerning income, profit, capital structure, and
yang dianggap penting bagi perusahaan 172 - 173 others considered significant target for the company.
Informasi memuat antara lain: Containing information among others:
1. Perbandingan antara target pada awal tahun 1. Comparison of targets at the beginning
buku dengan hasil yang dicapai (realisasi); dan of fiscal year and achievements
2. Target atau proyeksi yang ingin dicapai 2. Targets or projections set for the next 1 (one) year
dalam 1 (satu) tahun mendatang.
8 Informasi dan fakta material yang terjadi Information and material facts following the date
setelah tanggal laporan akuntan of accounting report (subsequent events)
Uraian kejadian penting setelah tanggal laporan Description of significant events following the
akuntan termasuk dampaknya terhadap kinerja 174 date of accounting report including its impact on
dan risiko usaha di masa mendatang. business risk and performance in the future.
Catatan: apabila tidak ada kejadian penting setelah Note: should be disclosed if there
tanggal laporan akuntan, agar diungkapkan. are no subsequent events.
9 Uraian tentang prospek usaha perusahaan
Business prospects
Uraian mengenai prospek perusahaan
Description on business prospects related to the
dikaitkan dengan industri dan ekonomi secara 174 - 179
general industry and economy including quantitative
umum disertai data pendukung kuantitatif
supporting data from reliable resources.
dari sumber data yang layak dipercaya.
10 Uraian tentang aspek pemasaran Marketing aspects
Uraian tentang aspek pemasaran atas Description on marketing aspects of the
180
produk dan/atau jasa perusahaan, antara lain company’s products and/or services among
strategi pemasaran dan pangsa pasar. others marketing strategy and market shares.
11 Uraian mengenai kebijakan dividen dan Description on divident policy and total
jumlah dividen kas per saham dan jumlah cash dividend per share and total dividend
dividen per tahun yang diumumkan atau per year that are published or disbursed
dibayar selama 2 (dua) tahun buku terakhir during last 2 (two) financial years
Memuat uraian mengenai: Containing descriptions of:
1. Kebijakan pembagian dividen; 1. Dividend payout policy
2. Total dividen yang dibagikan; 180 - 181 2. Total dividend disbursement
3. Jumlah dividen kas per saham; 3. Total cash dividend per share
4. Payout ratio; dan 4. Payout ratio
5. Tanggal pengumuman dan pembayaran 5. Announcement date and cash
dividen kas untuk masing-masing tahun. dividend payout for each year
Catatan: apabila tidak ada pembagian Note: To disclose it there are no dividend
dividen, agar diungkapkan alasannya. disbursement and its reasons.
12 Program kepemilikan saham oleh karyawan dan/
Employee/Management Share Ownership Program
atau manajemen yang dilaksanakan perusahaan
(ESOP/MSOP) still ongoing in the fiscal year
(ESOP/MSOP) yang masih ada sampai tahun buku
Containing descriptions of:
Memuat uraian mengenai:
1. Number of ESOP/MSOP shares and its execution
1. Jumlah saham ESOP/MSOP dan realisasinya;
2. Period
2. Jangka waktu; 181
3. Requirements of employee and/
3. Persyaratan karyawan dan/atau
or management eligibility
manajemen yang berhak; dan
4. Exercise price
4. Harga exercise.
Note: should be disclosed if there
Catatan: apabila tidak memiliki program
are no such programs.
dimaksud, agar diungkapkan.
442
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13 Realisasi penggunaan dana hasil
penawaran umum (dalam hal perusahaan Realization of initial public offering
masih diwajibkan menyampaikan proceeds (in the event of the company
laporan realisasi penggunaan dana) is obligated to submit the report)
Memuat uraian mengenai: Containing descriptions of:
1. Total perolehan dana; 1. Total proceeds
2. Rencana penggunaan dana; 181 2. Proceeds utilization plan
3. Rincian penggunaan dana; 3. Proceeds utilization details
4. Saldo dana; dan 4. Proceeds balance
5. Tanggal persetujuan RUPS/RUPO atas 5. The date of GMS/GMB resolution on the
perubahan penggunaan dana (jika ada). change of proceeds utilization (if any)
Catatan: apabila tidak memiliki informasi Note: should be disclosed if there are no such
realisasi penggunaan dana hasil information of realization proceeds of public offering.
penawaran umum, agar diungkapkan.
14 Informasi transaksi material yang
Material transaction information with conflict of
mengandung benturan kepentingan dan/
interest and/or transaction with related parties
atau transaksi dengan pihak afiliasi
Containing descriptions of:
Memuat uraian mengenai:
1. Name of transacting parties and
1. Nama pihak yang bertransaksi
the nature of related parties
dan sifat hubungan afiliasi;
2. Description of the trasaction fairness
2. Penjelasan mengenai kewajaran transaksi;
182 - 184 3. Transaction background
3. Alasan dilakukannya transaksi;
4. Transaction realization at the last financial year
4. Realisasi transaksi pada periode
5. Company policy related with
tahun buku terakhir;
transaction review mechanism
5. Kebijakan perusahaan terkait dengan
6. Compliance to relevant regulations and provisions
mekanisme reviu atas transaksi; dan
6. Pemenuhan peraturan dan ketentuan terkait.
Note: should be disclosed if there
Catatan: apabila tidak mempunyai transaksi
are no such transactions.
dimaksud, agar diungkapkan.
15 Uraian mengenai perubahan peraturan
perundang-undangan terhadap
Description on changes in laws and regulations
perusahaan pada tahun buku terakhir
during the fiscal year that impacted on the company
Uraian memuat antara lain:
Descriptions include among others:
1. Nama peraturan perundang-undangan
1. Name of regulations that have changed
yang mengalami perubahan; dan 185 - 187
2. The impact (quantitative or qualitative) on the
2. Dampaknya (kuantitatif dan/atau kualitatif)
company, or statement, of the insignificant impact
terhadap perusahaan (jika signifikan) atau
Note: should be disclosed if there are
pernyataan bahwa dampaknya tidak signifikan.
no changes in the laws and regulations
Catatan: apabila tidak terdapat perubahan
that have significant impacts.
peraturan perundang-undangan pada
tahun buku terakhir, agar diungkapkan.
16 Uraian mengenai perubahan kebijakan
Description on the changes in the
akuntansi yang diterapkan perusahaan
accounting policy implemented by the
pada tahun buku terakhir
company at the last financial year
Uraian memuat antara lain:
Descriptions include among others:
1. Perubahan kebijakan akuntansi;
187 1. Changes in the accounting policy
2. Alasan perubahan kebijakan akuntansi; dan
2. Reasons for the change; and
3. Dampaknya secara kuantitatif
3. Quantitative impact on the financial statements
terhadap laporan keuangan.
Catatan: apabila tidak terdapat perubahan
Note: should be disclosed if there are no changes
kebijakan akuntansi pada tahun buku
in the accounting policies furing the fiscal year.
terakhir, agar diungkapkan.
443
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17 Informasi kelangsungan usaha
Information on business continuity
Pengungkapan informasi mengenai:
1. Hal-hal yang berpotensi berpengaruh
Information disclosures on:
signifikan terhadap kelangsungan usaha
1. Significant issues on the company business
perusahaan pada tahun buku terakhir;
continuity at the last financial year
2. Asesmen manajemen atas hal-
2. Management assessment on point 1
hal pada angka 1; dan
3. Assumption implemented by the management
3. Asumsi yang digunakan manajemen
in conducting the assessment
dalam melakukan asesmen. 174 - 179
Catatan: apabila tidak terdapat hal-hal yang
Note: if there are no issues that potentially
berpotensi berpengaruh signifikan terhadap
have significant influences to the company’s
kelangsungan usaha perusahaan pada tahun
business continuity at the last financial year, to
buku terakhir, agar diungkapkan asumsi
disclose the basis of management assumption in
yang mendasari manajemen dalam meyakini
ensuring that there are no issues that potentially
bahwa tidak terdapat hal-hal yang berpotensi
have significant influences to the company’s
berpengaruh signifikan terhadap kelangsungan
business continuity at the last financial year.
usaha perusahaan pada tahun buku terakhir.
HALAMAN
VI GOOD CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE
PAGE
1 Uraian Dewan Komisaris Description on the Board of Commissioners
Uraian memuat antara lain:
1. Uraian tanggung jawab Dewan Komisaris; Descriptions include among others:
2. Penilaian atas kinerja masing-masing 234 - 236 1. Board of Commissioners responsibilities
komite yang berada di bawah Dewan 263 - 281 2. Assessment of performance of committees under
Komisaris dan dasar penilaiannya; dan the Board and the basis for such assessment
3. Pengungkapan mengenai Board Charter 234 3. Board Charter disclosures (Board of
(pedoman dan tata tertib kerja Dewan Komisaris). commissioners work guidelines and procedures)
2 Komisaris Independen (jumlahnya minimal Independent Commissioners (at least 30% of the
30% dari total anggota Dewan Komisaris) total personnel of the Board of Commissioners)
Meliputi antara lain: Covering among others:
1. Kriteria penentuan Komisaris Independen 238 - 239 1. Assignment criteria of independent
2. Pernyataan tentang independensi masing- Commissioners
masing Komisaris Independen 2. Independency statement of each
Independent Commissioner
3 Uraian Direksi Description on the Board of Directors
Uraian memuat antara lain: Descriptions include among others:
1. Ruang lingkup pekerjaan dan tanggung 248 - 252 1. Duties and responsibilities of each
jawab masing-masing anggota Direksi; member of the Board of Directors
2. Penilaian atas kinerja komite-komite yang 282 - 295 2. Assessment of performance of
berada di bawah Direksi (jika ada); dan committees under the Board (if any)
3. Pengungkapan mengenai Board Charter 248 3. Board Charter disclosures (board of Directors
(pedoman dan tata tertib kerja Direksi). work guidelines and procedures)
4 Penilaian Penerapan GCG untuk tahun GCG Implementation assessment for
buku 2025 yang meliputi paling kurang 2025, at least for aspects of the Board of
aspek Dewan Komisaris dan Direksi. Commissioners and/or Board of Directors
Memuat uraian mengenai: Covers the following:
1. Kriteria yang digunakan dalam penilaian; 1. Assessment criteria
2. Pihak yang melakukan penilaian; 2. Assessor
364 - 369
3. Skor penilaian masing-masing kriteria; 3. Assesment score on each criteria;
4. Rekomendasi hasil penilaian; dan 4. Recommendation on results of assessment
5. Alasan belum/tidak diterapkannya rekomendasi. 5. Reasons for the delay or non implementation
Catatan: apabila tidak ada penilaian penerapan of such recommendations
GCG untuk tahun buku 2025 agar diungkapkan. Note: should be disclosed if there are no
GCG assessment for fiscal year 2025.
444
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5 Uraian mengenai kebijakan remunerasi
Description of the remuneration policy for the Board
bagi Dewan Komisaris dan Direksi
of Commissioners and the Board of Directors
Mencakup antara lain:
Covering among others:
1. Pengungkapan prosedur pengusulan
245 - 246 1. Disclosure of procedure for the proposal
sampai dengan penetapan
and determination of remuneration
remunerasi Dewan Komisaris;
for the Board of Commissioners
2. Pengungkapan prosedur pengusulan sampai
257 - 258 2. Disclosure of procedure for the proposal and
dengan penetapan remunerasi Direksi;
determination for the Board of Directors
3. Struktur remunerasi yang menunjukkan
247 3. Remuneration structure showing the remuneration
komponen remunerasi dan jumlah
components and amounts per component for
nominal per komponen untuk setiap
each member of the Board of Commissioners
anggota Dewan Komisaris;
258 4. Remuneration structure shwoing the remuneration
4. Struktur remunerasi yang menunjukkan
components and amounts per components
komponen remunerasi dan jumlah nominal
for each member of the Board of Directors
per komponen untuk setiap anggota Direksi;
257 - 258 5. Disclosure of Indicators for the
5. Pengungkapan indikator untuk
remuneration of the Board of Directors
penetapan remunerasi Direksi; dan
247, 258 6. Disclosure of performance bonus, non-
6. Pengungkapan bonus kinerja, bonus
performance bonus, and/or share option
non kinerja, dan/atau opsi saham
received by each members of the Board
yang diterima setiap anggota Dewan
of Commissioners and Directors (if any)
Komisaris dan Direksi (jika ada).
Note: should be disclosed if there are no
Catatan: apabila tidak terdapat bonus
performance bonus, non-performance bonus,
kinerja, bonus non kinerja, dan opsi saham
and/or share option received by each members
yang diterima setiap anggota Dewan
of the Board of Commissioners and Directors.
Komisaris dan Direksi, agar diungkapkan.
6 Frekuensi dan Tingkat Kehadiran Rapat yang Frequency and attendance rate of meetings
dihadiri mayoritas anggota pada rapat Dewan that are attended by majority of members at
Komisaris (minimal 1 kali dalam 2 bulan), Rapat Board of Commissioners Meetings (at least
Direksi (minimal 1 kali dalam 1 bulan), dan once in 2 months), Board of Directors Meetings
Rapat Gabungan Dewan Komisaris dengan (at least once a month), and Joint Meetings of
Direksi (minimal 1 kali dalam 4 bulan) BOC and BOD (at least once in 4 months)
Informasi memuat antara lain: Containing information among others:
1. Tanggal Rapat; 241 - 242 1. Date
2. Peserta Rapat; dan 243 - 244 2. Attendants
3. Agenda Rapat. 255 - 256 3. Agenda
Untuk masing-masing rapat Dewan Of each of the meetings of BOC, BOD,
Komisaris, Direksi, dan rapat gabungan. and Joint Meetings of BOC and BOD.
7 Informasi mengenai pemegang saham utama
dan pengendali, baik langsung maupun tidak
Information on majority and controlling
langsung, sampai kepada pemilik individu
shareholders, direct or indirect, up to
Dalam bentuk skema atau diagram yang
the ultimate individual shareholder
memisahkan pemegang saham utama
Diagram with separate illustration for majority
dengan pemegang saham pengendali.
shareholders and controlling shareholders.
20 - 21,
Catatan: yang dimaksud pemegang saham 45 - 46
Note: majority shareholders are parties that
utama adalah pihak yang, baik secara langsung
own, directly or indirectly, at least 20% (twenty
maupun tidak langsung, memiliki sekurang-
percents) of the voting rights of the total share
kurangnya 20% (dua puluh perseratus) hak
with voting rights issued by the Company,
suara dari seluruh saham yang mempunyai hak
but is not the controlling shareholder.
suara yang dikeluarkan oleh suatu Perseroan,
tetapi bukan pemegang saham pengendali.
445
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8 Pengungkapan hubungan afiliasi antara anggota Disclosure of affiliation between members of
Direksi, Dewan Komisaris, dan Pemegang the Board of Directors, Board of Commissioners
Saham Utama dan/atau pengendali and Majority/Controlling Shareholders
Mencakup antara lain: Covering among others:
1. Hubungan afiliasi antara anggota Direksi 1. Affiliation between a member of
dengan anggota Direksi lainnya; the Board of Directiors with fellow
2. Hubungan afiliasi antara anggota Direksi members of the Board of Directors
dan anggota Dewan Komisaris; 2. Affiliation between a member of the
3. Hubungan afiliasi antara anggota Direksi dengan 104, 107, 108, Board of Directiors with members of
Pemegang Saham Utama dan/atau Pengendali; 110, 115, the Board of Commissioners
4. Hubungan afiliasi antara anggota 138, 140, 142, 3. Affiliation between a member of the
Dewan Komisaris dengan anggota 145, 146, Board of Directiors with Majority and/
Komisaris lainnya; dan 259 or Controlling Shareholder
5. Hubungan afiliasi antara anggota 4. Affiliation between a member of the
Dewan Komisaris dengan Pemegang Commissioners with fellow members
Saham Utama dan/atau Pengendali. of the Board of Commissioners
Catatan: apabila tidak mempunyai hubungan 5. Affiliation between a member of the
afiliasi dimaksud, agar diungkapkan. Commissioners with Majority and/
or Controlling Shareholder
Note: should be disclosed if there
are no affiliation relationship.
9 Komite Audit
Mencakup antara lain: Audit Committee
1. Nama, jabatan, dan periode jabatan Covering among others:
anggota Komite Audit 1. Name, position, and tenure of
2. Riwayat pendidikan (bidang studi dan Audit Committee members
lembaga pendidikan) dan pengalaman 2. Education qualification (study field and institution)
kerja (jabatan, instansi, dan periode and work experience (position, company
menjabat) anggota Komite Audit 263 - 268 and tenure) of Audit Committee members
3. Independensi anggota Komite Audit 3. Independency of Audit Committee members
4. Uraian tugas dan tanggung jawab 4. Duties and responsibilities
5. Uraian pelaksanaan kegiatan 5. Brief report of Audit Committee activity
Komite Audit pada tahun buku 6. Meeting frequency and attendance
6. Frekuensi pertemuan dan tingkat of Audit Committee
kehadiran Komite Audit 7. Statement of Audit Committee charter
7. Pernyataan adanya pedoman Komite Audit
10 Komite Nominasi dan Remunerasi Nomination and Remuneration Committee
Mencakup antara lain: Covering among others:
1. Nama, jabatan, dan riwayat hidup singkat 1. Name, position and brief profiles of members of
anggota Komite Nominasi dan Remunerasi the Nomination and Remuneration Committee
2. Independensi Komite Nominasi dan Remunerasi 2. Independency of Nomination
3. Uraian tugas dan tanggung jawab Remuneration Committee
4. Uraian pelaksanaan kegiatan Komite 3. Duties and responsibilites
269 - 273
Nominasi dan Remunerasi pada tahun buku 4. Brief report of Nomination and Remuneration
5. Frekuensi pertemuan dan tingkat kehadiran Committee activity in the fiscal year
Komite Nominasi dan Remunerasi 5. Meeting frequency and attendance of
6. Pernyataan adanya pedoman Komite Nomination and Remuneration Committee
Nominasi dan Remunerasi 6. Statement of Nomination and
7. Kebijakan mengenai suksesi Direksi Remuneration Committee charter
7. Policies on Director succession
11 Komite-komite lain di bawah Dewan
Komisaris yang dimiliki oleh perusahaan
Other committtes under the Board of Commissioners
Mencakup antara lain:
Covering among others:
1. Nama, jabatan, dan riwayat hidup
1. Name, position, and brief profile
singkat anggota komite lain; 273 - 277
of members of committee
2. Independensi komite lain; 277 - 281
2. Independency of committee
3. Uraian tugas dan tanggung jawab;
3. Duties and responsibilities
4. Uraian pelaksanaan kegiatan komite
4. Committee activity in the fiscal year
lain pada tahun buku; dan
5. Committee meeting frequency and attendance
5. Frekuensi pertemuan dan tingkat
kehadiran komite lain.
446
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12 Uraian tugas dan fungsi Sekretaris Perusahaan Description of duties and functions
of Corporate Secretary
Mencakup antara lain: Covering among others:
1. Nama, dan riwayat jabatan singkat 1. Name and brief work experience
Sekretaris Perusahaan 282 - 293 of Corporate Secretary
2. Domisili 2. Domicile
3. Uraian tugas dan tanggung jawab 3. Duties and responsibilities
4. Uraian pelaksanaan tugas Sekretaris 4. Report of Activities of Corprate
Perusahaan pada tahun buku Secretacy in the fiscal year
13 Uraian mengenai unit Audit Internal Description on Internal Audit Unit
Mencakup antara lain: Covering among others:
1. Nama ketua unit Audit Internal 1. Name of Internal Audit unit head;
2. Jumlah pegawai (auditor internal) 2. Total employees (internal auditors)
pada unit Audit Internal in Internal Audit unit;
3. Sertifikasi sebagai profesi Audit Internal 300 - 307 3. Certification on Internal Audit profession;
4. Kedudukan unit Audit Internal 4. Internal Audit unit composition in
dalam struktur perusahaan the company’s structure
5. Uraian pelaksanaan kegiatan unit 5. Brief Report on Internal Audit unit
Audit Internal pada tahun buku activity implementation; and
6. Pihak yang mengangkat dan 6. The parties responsible to appoint/
memberhentikan ketua unit Audit Internal terminate the Internal Audit unit head
14 Akuntan Publik
Public Accountant
Informasi memuat antara lain:
Containing information among others:
1. Nama dan tahun Akuntan Publik yang
1. Name and year of Public Accountant that audits
melakukan audit laporan keuangan
the annual financial statements in the last 5 years;
tahunan selama 5 tahun terakhir
2. Name and year of the Public Accounting
2. Nama dan tahun Kantor Akuntan Publik
Firm that audits the annual financial
yang melakukan audit laporan keuangan
statements in the last 5 years
tahunan selama 5 tahun terakhir
3. The amount of fee for each service provided by
3. Besarnya fee untuk masing-masing jenis 308
Public Accounting Firm at the last financial year
jasa yang diberikan oleh Kantor Akuntan
4. Other services provided by the Public
Publik pada tahun buku terakhir
Accounting Firm and Public Accountant apart
4. Jasa lain yang diberikan Kantor Akuntan Publik
from the audit service of annual financial
dan Akuntan Publik selain jasa audit laporan
statements at the last financial year
keuangan tahunan pada tahun buku terakhir
Note: should be disclosed if there are
Catatan: apabila tidak ada jasa lain
no other services rendered.
dimaksud, agar diungkapkan.
15 Uraian mengenai manajemen risiko perusahaan
Description on risk management of the company
Mencakup antara lain:
Covering among others:
1. Penjelasan mengenai sistem manajemen
1. Explanation on risk management system
risiko yang diterapkan perusahaan;
implemented by the company
2. Penjelasan mengenai hasil reviu yang dilakukan 309 - 328
2. Explanation on risk management
atas sistem manajemen risiko pada tahun buku;
system effectiveness evaluation
3. Penjelasan mengenai risiko-risiko
3. Explanation on risks faced by the company
yang dihadapi perusahaan; dan
4. Risk mitigation.
4. Upaya untuk mengelola risiko tersebut.
16 Uraian mengenai sistem pengendalian internal
Description of internal control system
Mencakup antara lain:
1. Penjelasan singkat mengenai sistem
Covering among others:
pengendalian internal, antara lain mencakup
1. Brief explanation on internal control system,
pengendalian keuangan dan operasional;
among others on financial and operational control
2. Penjelasan kesesuaian sistem 295 - 300
2. Explanation on internal control system
pengendalian internal dengan kerangka
alignment with international standard framework
yang diakui secara internasional (COSO
(COSO – internal control framework)
– internal control framework); dan
3. Explanation on internal control system
3. Penjelasan mengenai hasil reviu yang
effectiveness evaluation.
dilakukan atas pelaksanaan sistem
pengendalian internal pada tahun buku.
447
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17 Uraian mengenai corporate social responsibility
yang terkait dengan lingkungan hidup
Description on corporate social
responsibility related to environmental
Mencakup antara lain:
1. Target/rencana kegiatan pada tahun
Covering among others:
2025 yang ditetapkan manajemen
1. Activity target/plans by the Management for 2025
2. Kegiatan yang dilakukan dan dampak
2. Activities conducted and the quantitative impact
kuantitatif atas kegiatan tersebut; dan terkait
of such activities; including environmental
program lingkungan hidup yang berhubungan 378 - 392
programs related to the company’s
dengan kegiatan operasional perusahaan,
operational activities such as utilization of
seperti penggunaan material dan energi
environment-friendly materials and energy
yang ramah lingkungan dan dapat didaur
or recycled materials, waste management
ulang, sistem pengolahan limbah perusahaan,
system, complaint handling of environmental
mekanisme pengaduan masalah lingkungan,
issues, green lending, and others
pertimbangan aspek lingkungan dalam
3. Environmental certifications
pemberian kredit kepada nasabah, dan lain-lain
3. Sertifikasi di bidang lingkungan
18 Uraian mengenai corporate social responsibility
yang terkait dengan ketenagakerjaan,
dan kesehatan dan keselamatan kerja Description on corporate social responsibility related
to employment, and occupational, health, and safety
Mencakup antara lain:
1. Target/rencana kegiatan pada tahun Covering among others:
2025 yang ditetapkan manajemen 1. Activity target plans by the management for 2025
2. Kegiatan yang dilakukan dan dampak 2. Activities conducted and quantitative impact
392 - 402
kuantitatif atas kegiatan tersebut terkait of such activities related to employment,
praktik ketenagakerjaan, kesehatan dan occupational health and safety aspects, such as
keselamatan kerja, seperti kesetaraan gender equality, equal work opportunity, work
gender dan kesempatan kerja, sarana health and safety requipment, employee turnover
dan keselamatan kerja, tingkat turnover rate, accident rate, remuneration, complaint
karyawan, tingkat kecelakaan kerja, handling of work-related issues, and others
remunerasi, mekanisme pengaduan
masalah ketenagakerjaan, dan lain-lain
19 Uraian mengenai corporate social
responsibility yang terkait dengan
Description on corporate social responsibility
pengembangan sosial dan kemasyarakatan
related to social and community development
Mencakup antara lain:
Covering among others:
1. Target/rencana kegiatan pada tahun
1. Activity target/plans set by the
2025 yang ditetapkan manajemen
management for 2025
2. Kegiatan yang dilakukan dan
2. Activities conducted and impact of such activities
dampak atas kegiatan tersebut 402 - 408
3. Cost disbursed related to social and community
3. Biaya yang dikeluarkan terkait pengembangan
development activities such as recruitment
sosial dan kemasyarakatan, seperti
of local manpower, community development,
penggunaan tenaga kerja lokal, pemberdayaan
donation in improvement to public facilities
masyarakat sekitar perusahaan, perbaikan
and infrastructure, other social donations,
sarana dan prasarana sosial, bentuk donasi
communications on anti-corruption poilicies and
lainnya, komunikasi mengenai kebijakan
procedures, training on anti corruption, and others
dan prosedur anti korupsi, pelatihan
mengenai anti korupsi, dan lain-lain
20 Uraian mengenai corporate social
responsibility yang terkait dengan
Description on corporate social responsibility
tanggung jawab kepada konsumen
related to responsibility to consumers
Mencakup antara lain:
Covering among others:
1. Target/rencana kegiatan yang pada
1. Activity target/plans set by the
tahun 2025 ditetapkan manajemen
408 - 410 Management for 2025
2. Kegiatan yang dilakukan dan dampak
2. Activities conducted and impact of such
atas kegiatan tersebut terkait tanggung
activities related to product responsibility,
jawab produk, seperti kesehatan dan
such as consumers health and safety,
keselamatan konsumen, informasi produk,
product information, facility, total and
sarana, jumlah dan penanggulangan atas
handling of consumers claims, and others
pengaduan konsumen, dan lain-lain.
448
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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21 Perkara penting yang sedang dihadapi oleh Significant litigation currently faced by the
perusahaan, entitas anak, serta anggota company, subsidiaries, and members of the Board
Dewan Komisaris dan anggota Direksi yang of Commissioners and Board of Directors that
menjabat pada periode laporan tahunan served the position at the annual report period
Mencakup antara lain: Covering among others:
1. Pokok perkara/gugatan 1. The principal litigation/claims
2. Status penyelesaian perkara/gugatan 2. Settlement status of litigation/claims
3. Risiko yang dihadapi perusahaan dan 3. Risk faced by the company and nominal
nilai nominal tuntutan/gugatan 328 value of the litigation/claims
4. Sanksi administrasi yang dikenakan kepada 4. Administration sanctions charged to the company,
perusahaan, anggota Dewan Komisaris dan members of the Board of Commissioners and
Direksi, oleh otoritas terkait (pasar modal, Board of Directors, by relevant authorities
perbankan dan lainnya) pada tahun buku (capital market, banking and others) at
terakhir (atau terdapat pernyataan bahwa the last fiscal year (or a statement of no
tidak dikenakan sanksi administrasi). administration sanction being charged)
Catatan: dalam hal perusahaan, entitas anak, Note: should be disclosed if there is no
anggota Dewan Komisaris, dan anggota Direksi litigation faced by the company, subsidiaries,
tidak memiliki perkara penting, agar diungkapkan. members of BOC, and members of BOD
22 Akses informasi dan data perusahaan Access to company information and data
Uraian mengenai tersedianya akses informasi Description on the availability of company
dan data perusahaan kepada publik, misalnya 330 information and data for public access, including
melalui website (dalam bahasa Indonesia dan dissemination through company website (in
bahasa Inggris), media massa, mailing list, buletin, Bahasa and English), mass media, mailing list,
pertemuan dengan analis, dan sebagainya. bulletin, analyst gatherings, and others.
23 Bahasan mengenai Kode Etik
Discussion on Code of Conduct
Memuat uraian antara lain;
Descriptions include among others:
1. Pokok-pokok Kode Etik
1. Contents of Code of Conduct;
2. Pengungkapan bahwa Kode Etik berlaku
2. Disclosure of Code of Conduct is
bagi seluruh level organisasi
applicable in all level of organization
3. Penyebarluasan Kode Etik;
331 - 334 3. Code of Conduct dissemination;
4. Sanksi untuk masing-masing jenis pelanggaran
4. Sanctions on Code of Conduct violations
yang diantur dalam Kode Etik (normatif)
5. Number of violation and sanction
5. Jumlah pelanggaran Kode Etik beserta sanksi
in the last fiscal year
yang diberikan pada tahun buku terakhir
Note: should be disclosed if there are no violations
Catatan: apabila tidak terdapat pelanggaran Kode
of Code of Conduct in the last fiscal year.
Etik pada tahun buku terakhir, agar diungkapkan.
24 Pengungkapan mengenai whistleblowing system
Disclosure on whistleblowing system
Memuat uraian antara lain:
Descriptions include among others:
1. Penyampaian laporan pelanggaran
1. Violations report submission
2. Perlindungan bagi whistleblower;
2. Whistleblowers protection
3. Penanganan pengaduan
3. Claims handling
4. Pihak yang mengelola pengaduan
4. Claims managers
5. Jumlah pengaduan yang masuk dan 336 - 344
5. Total claims registered
diproses pada tahun buku terakhir
6. Sanctions/report processed at the last fiscal
6. Sanksi/tindak lanjut atas pengaduan yang
year including its follow up measures
telah selesai diproses pada tahun buku
Note: should be disclosed if there is no report
Catatan: apabila tidak terdapat pengaduan
and follow up action in the last fiscal year.
yang masuk dan telah selesai diproses pada
tahun buku terakhir, agar diungkapkan.
25 Kebijakan mengenai keberagaman Diversity of the Board of Commissioners
komposisi Dewan Komisaris dan Direksi and Board of directors Composition
Uraian kebijakan tertulis Perusahaan Description of written policy regarding diversity
mengenai keberagaman komposisi Dewan of the Board of Commissioners and Board of
260 - 261
Komisaris dan Direksi dalam pendidikan, Directors composition regarding education,
pengalaman kerja, usia, dan jenis kelamin. work experience, age, and gender.
Catatan: apabila tidak ada kebijakan dimaksud, Note: to disclose the reasons and
agar diungkapkan alasan dan pertimbangannya. considerations if there is no policy applied.
449
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HALAMAN
VII INFORMASI KEUANGAN FINANCIAL INFORMATION
PAGE
1 Surat Pernyataan Direksi dan/atau Dewan Board of Directors and/or Board of Commissioners’
Komisaris tentang Tanggung Jawab atas Statements regarding the Responsibility for the
Laporan Keuangan, termasuk pernyataan 463 - 464 Financial Statements, including statement on
kesesuaian dengan peraturan terkait tentang conformity with related regulations regarding
Tanggung Jawab atas Laporan Keuangan. the Financial Statements Responsibility.
2 Opini auditor independen atas laporan keuangan 465 Independent auditor opinion on financial statements
3 Deskripsi Auditor Independen di Opini Independent Auditor Description in the Opinion
Deskripsi memuat tentang: Description contains the following:
1. Nama dan tanda tangan 1. Name & signatures
465 - 471
2. Tanggal Laporan Audit 2. Audit Report date
3. Nomor ijin Kantor Akuntan Publik 3. License of Public Accounting Firm and
dan nomor ijin Akuntan Publik license of Public Accountant
4 Laporan keuangan yang lengkap Comprehensive financial statements
Memuat secara lengkap unsur- Comprehensively covers the financial
unsur laporan keuangan: statements elements:
1. Laporan posisi keuangan 472 - 474 1. Statements of financial position
2. Laporan laba rugi dan penghasilan 475 - 476 2. Statements of comprehensive income
komprehensif lain and other comprehensive income
3. Laporan perubahan ekuitas 477 - 478 3. Statements of changes in equity
4. Laporan arus kas 479 - 480 4. Statements of cash flows
5. Catatan atas laporan keuangan 481 - 607 5. Notes to financial statements
6. Informasi komparatif mengenai 472 - 476 6. Comparative information on prevous period
periode sebelumnya
7. Laporan posisi keuangan pada awal N/A 7. Statements of financial position at the
periode sebelumnya ketika entitas beginning of previous period upon the
menerapkan suatu kebijakan akuntansi application of retrospective accounting policy
secara retrospektif atau membuat penyajian by the entity of representation of financial
kembali pos-pos laporan keuangan, atau statements postings, or reclassifications of
ketika entitas mereklasifikasi pos-pos dalam postings in financial statements (if relevant)
laporan keuangannya (jika relevan)
5 Perbandingan tingkat profitabilitas Profitability level comparison
Perbandingan kinerja/laba (rugi) tahun 475 - 476 Comparison of current profit (loss)
berjalan dengan tahun sebelumnya with the previous year.
6 Laporan Arus Kas
Statements of Cash Flows
Memenuhi ketentuan sebagai berikut:
Conformity to the folowing provisions:
1. Pengelompokan dalam tiga kategori aktivitas:
1. Grouping into three category of activities
operasi, investasi, dan pendanaan
of operations, investment, and financing
2. Penggunaan metode langsung (direct method)
2. Direct method application in the statements
untuk melaporkan arus kas dari aktivitas operasi
479 - 480 of cash flows from operations activity
3. Pemisahan penyajian antara penerimaan kas
3. Separation of presentation between cash
dan atau pengeluaran kas selama tahun berjalan
in and cash out during current year in the
pada aktivitas operasi, investasi dan pendanaan
operation investment and financing activities
4. Pengungkapan transaksi non kas
4. Disclosure of non cash transaction shall be
harus dicantumkan dalam catatan
stated in the notes to financia lstatements
atas laporan keuangan
7 Ikhtisar Kebijakan Akuntansi Summary of Accounting Policies
Meliputi sekurang-kurangnya: Including at least:
1. Pernyataan kepatuhan terhadap 490 1. Compliance statement to Financial
Sistem Akuntansi Keuangan Accounting Standards
2. Dasar pengukuran dan penyusunan 490 - 512 2. Basis of measurement and formulation
laporan keuangan of financial statements
3. Pajak penghasilan 509 - 511 3. Income tax
4. Imbalan kerja 515 - 516 4. Employee benefits
5. Instrumen Keuangan 494 - 498 5. Financial Instrument
450
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8 Pengungkapan transaksi pihak berelasi
Disclosure of related parties transactions
Hal-hal yang diungkapkan antara lain:
The disclosure includes;
1. Nama pihak berelasi, serta sifat dan
1. Name of related parties, and the nature
hubungan dengan pihak berelasi
580 - 584 and relationship with related parties
2. Nilai transaksi beserta persentasenya
2. Transaction values and its percentage to
terhadap total pendapatan dan beban terkait
total income and related expenses
3. Jumlah saldo beserta persentasenya
3. Total balance and its percentage
terhadap total aset atau liabilitas terkait
9 Pengungkapan yang berhubungan
Disclosure related to taxes
dengan perpajakan
The disclosures shall include:
Hal-hal yang harus diungkapkan:
1. Fiscal reconciliation and current
1. Rekonsiliasi fiskal dan perhitungan
tax expense calculation;
beban pajak kini
2. Explanation of relationship between tax
2. Penjelasan hubungan antara beban
expenses (income) and accounting profit;
(penghasilan) pajak dan laba akuntansi
3. Statement that Taxable Income as a result of
3. Pernyataan bahwa Laba Kena Pajak (LKP) hasil
reconciliation use as the basis in completing
rekonsiliasi dijadikan dasar dalam pengisian
573 - 576 the 2025 Annual Corporate Income tax file
SPT Tahunan PPh Badan tahun 2025
4. The details of deferred tax assets and liabilities
4. Rincian aset dan liabilitas pajak tangguhan
recognized in the financial position statements
yang diakui pada laporan posisi keuangan
for every presentation period, and total deferred
untuk setiap periode penyajian, dan jumlah
tax expenses (income) recognized in the
beban (penghasilan) pajak tangguhan
income statements if the total are not visible
yang diakui pada laporan laba rugi apabila
from the total deferred tax assets or liabilities
jumlah tersebut tidak terlihat dari jumlah
recognized in the financial position statements
aset atau liabilitas pajak tangguhan yang
5. Disclosure of availability or un-
diakui pada laporan posisi keuangan
availability of tax disputes
5. Pengungkapan ada
10 Pengungkapan yang berhubungan
Disclosure related to fixed assets
dengan aset tetap
The disclosures shall include:
Hal-hal yang harus diungkapkan:
1. Depreciation method implemented
1. Metode penyusutan yang digunakan
2. Description on accounting policies selected
2. Uraian mengenai kebijakan akuntansi yang
between revaluation model and cost model;
dipilih antara model revaluasi dan model biaya
3. Significant methods and assumptions used
3. Metode dan asumsi signifikan yang digunakan 533 - 536
in estimation of fixed assets fair value
dalam mengestimasi nilai wajar aset tetap
(for revaluation model) or disclosure of
(untuk model revaluasi) atau pengungkapan
fixed assets fair value (for cost model)
nilai wajar aset tetap (untuk model biaya)
4. Reconciliation of gross total recorded and
4. Rekonsiliasi jumlah tercatat bruto dan
accumulation of fixed assets depreciation at
akumulasi penyusutan aset tetap pada awal
the beginning and end of period by presenting:
dan akhir periode dengan menunjukkan:
addition, deduction and reclassification
penambahan, pengurangan dan reklasifikasi
11 Pengungkapan yang berhubungan
dengan segmen operasi Disclosure related to operations segments
Hal-hal yang harus diungkapkan: The disclosures shall include:
1. Informasi umum yang meliputi faktor-faktor 1. General information covering factors
yang digunakan untuk mengidentifikasi used to identify reported segments
segmen yang dilaporkan 2. Information on profit loss, assets, and
2. Informasi tentang laba rugi, aset, dan liabilities of segments reported
584 - 585
liabilitas segmen yang dilaporkan 3. Reconciliation of segment’s total revenues,
3. Rekonsiliasi dari total pendapatan segmen, laba segment’s reported profil loss, segment’s assets,
rugi segmen yang dilaporkan, aset segmen, segment’s liabilities, and segment’s other
liabilitas segmen, dan unsur material segmen material elements to related total in entity
lainnya terhadap jumlah terkait dalam entitas 4. Disclosure of entity level, which covers
4. Pengungkapan pada level entitas, yang information on products and/or services,
meliputi informasi tentang produk dan/atau geographic areas and main customers
jasa, wilayah geografis dan pelanggan utama
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12 Pengungkapan yang berhubungan
dengan Instrumen Keuangan
Disclosure related to Financial Instruments
Hal-hal yang harus diungkapkan:
The disclosure shall include:
1. Rincian instrumen keuangan yang
1. Accounting requirements, condition and
dimiliki berdasarkan klasifikasinya
plocies for every financial instruments group;
2. Nilai wajar dan hirarkinya untuk setiap
587 - 589 2. Financial instrument classificatiomn
kelompok instrumen keuangan
3. Fair value of every financial instrument group
3. Penjelasan risiko yang terkait
4. Risk management objectives and policies
dengan instrumen keuangan;
5. Explanation on risk management
4. Risiko pasar, risiko kredit dan risiko likuiditas
6. Risk analysis related to financial
5. Kebijakan manajemen risiko
instrument in qualitative way
6. Analisis risiko yang terkait dengan
instrumen keuangan secara kuantitatif
13 Penerbitan laporan keuangan Financial statement publication
Hal-hal yang diungkapkan antara lain: The disclosure includes:
1. Tanggal laporan keuangan 463 - 464 1. The date of financial statements
diotorisasi untuk terbit; dan authorized for publication
2. Pihak yang bertanggung jawab 2. Parties responsible to authorize
mengotorisasi laporan keuangan. the financial statements.
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DAF TAR PENGU NG K APAN SESUAI PER ATU R AN OTOTITA S JA SA KEUANGAN NOMOR
51/POJ K .03/2017 & I N DEKS STAN DAR G RI DENGAN REFERENSI
LIST OF DISCLOSURE BASED ON POJK NO.51/POJK.03/2017 & GRI CONTENT INDEX WITH REFERENCE [SEOJK G.4]
NO. INDEKS INDEKS HALAMAN
INDEX NO. INDEX PAGE
STR ATEG I KEB ERL ANJUTAN | SUSTAINABILIT Y STR ATEGY
A.1 Penjelasan Strategi Keberlanjutan
373
Explanation on Sustainability Strategies
I KHTISAR KI N ERJA A SPEK KEB ERL ANJUTAN | OVERVIEW OF SUSTAINABILIT Y ASPECTS PERFORMANCE
B.1 Aspek Ekonomi
43
Economy Aspects
B.2 Aspek Lingkungan Hidup
44
Environmental Aspects
B.3 Aspek Sosial
44
Social Aspects
PROFI L PERUSAHA AN | COMPANY PROFILE
C.1 Visi, Misi, dan Nilai Keberlanjutan
14
Vission, Mission, Sustainable Values
C.2 Alamat Perusahaan
8-9
[2-1][2-3] Company Address
C.3 Skala Usaha:
[2-1] a. Total aset atau kapitalisasi dan total kewajiban;
[2-7] b. Jumlah karyawan menurut jenis kelamin, jabatan, usia,
[2-8] pendidikan, dan status ketenagakerjaan;
c. Nama pemegang saham dan persentase kepemilikan saham; dan
d. Wilayah operasional
9
Business Scale:
a. Total assets or assets capitalizationm and total liabilities;
b. Total employee based on gender, position, age, education and employment status;
c. Percentage of share ownership; and
d. Operational area.
C.4 Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
8
[2-1][2-2][2-6] Product, Service and Business Activities
C.5 [2-28] Keanggotaan pada Asosiasi
27
Member Association
C.6 [2-4] Perubahan Emiten dan Perusahaan Publik yang Bersifat Signifikan
31
Significant Changes
PENJ EL A SAN DI REKSI | DIRECTOR EXPL ANATION
D.1 [2-22] Penjelasan Direksi
115
Director Explanation
TATA KELOL A KEB ERL ANJUTAN | SUSTAINABLE CORPOR ATE GOVERNANCE
E.1 [2-14] Penanggung Jawab Penerapan Keuangan Berkelanjutan
246, 250
Person in Charge Responsibility for Sustainable Finance
E.2 [2-17] Pengembangan Kompetensi Terkait Keuangan Berkelanjutan
255, 266
Sustainable Finance Competency Development
E.3 [2-18] Penilaian Risiko Atas Penerapan Keuangan Berkelanjutan
274
Sustainable Finance Risk Assessment Implementation
E.4 [2-29] Hubungan dengan Pemangku Kepentingan
35
Stakeholders Relations
E.5 [2-25] Permasalahan Terhadap Penerapan Keuangan Berkelanjutan
329
Sustainable Finance Implementation Problems
453
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GENERAL STANDARD DISCLOSURE 2021 [TATA KELOLA | GOVERNANCE]
2-9 Struktur dan komposisi tata Kelola
212, 215, 236
Governance Structure and Composition
2-10 Nominasi dan pemilihan badan tata kelola tertinggi
260
Nomination and selection of the highest governance body
2-11 Ketua badan tata kelola tertinggi
213, 215
Chair of the highest governance body
2-12 Peran badan tata kelola tertinggi dalam mengawasi pengelolaan dampak
275
Role of the highest governance body in overseeing the management of impacts
2-16 Komunikasi tentang masalah-masalah kritis
274, 275
Communication of critical concerns
2-19 Kebijakan remunerasi
269
Remuneration policies
2-20 Proses untuk menentukan remunerasi
269
Process to determine remuneration
GENERAL STANDARD DISCLOSURE 2021
[STRATEGI, KEBIJAK AN DAN PRAKTIK-PRAKTIK | STRATEGY, POLICIES AND PRACTICES]
2-23 Komitmen kebijakan
115, 373
Policy commitments
2-24 Menanamkan komitmen kebijakan
115, 373
Embedding policy commitments
2-26 Mekanisme untuk meminta saran dan menyampaikan kekhawatiran
343
Mechanisms for seeking advice and raising concerns
2-27 Kepatuhan terhadap hukum dan peraturan
219
Compliance with laws and regulations
2-30 Perjanjian kerja bersama
195
Collective bargaining agreements
KI N ERJA KEB ERL ANJUTAN | SUSTAINABLE PERFORMANCE
F.1 Kegiatan Membangun Budaya Keberlanjutan
373, 386
The Activities of Building a Culture of Sustainability
GRI 3: TOPIK MATERIAL 2021 | GRI 3: MATERIAL TOPICS 2021
3-1 Proses untuk menentukan topik material
32
Process to determine material topics
3-2 Daftar topik material
32
List of material topics
3-3 Pengelolaan topik-topik material
33, 34
Management of material topics
KI N ERJA EKONOM I | ECONOMIC PERFORMANCE
F.2 Perbandingan Target dan Kinerja Produksi, Portofolio, Target
Pembiayaan, atau Investasi, Pendapatan dan Laba Rugi
152, 172
Comparison of Production Targets and Performance, Portfolio,
Financial Targets, or Investment, Revenue and Profit
F.3 Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada
Instrumen Keuangan atau Proyek yang Sejalan dengan Keuangan Berkelanjutan
178, 383
Comparison of Portfolio Targets and Performance, Financing Targets, or Investments in
Financial Instruments or Projects in Line With the Implementation of Sustainable Finance
GRI 203: DAMPAK EKONOMI TIDAK LANGSUNG 2016 | GRI 203: INDIRECT ECONOMIC IMPACT 2016
[203-1] Investasi infrastruktur dan dukungan layanan
406
Infrastructure investments and services supported
[203-2] Dampak Ekonomi Tidak Langsung yang Signifikan
406
Significant Indirect Economic Impacts
454
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KI N ERJA LI NG KU NGAN H I DU P | ENVIRONMENTAL PERFORMANCE
F.4 Biaya Lingkungan Hidup
178
Environment Cost Incurred
A SPEK MATERIAL | MATERIAL ASPECT
F.5 Penggunaan Material yang Ramah Lingkungan
383
[301-2] Use of Environmentally Friendly Materials
ASPEK ENERGI & GRI 302: ENERGI 2016 | ENERGY ASPECT & GRI 302: ENERGY 2016
F.6 Jumlah dan Intensitas Energi yang Digunakan
381
[302-1] [302-3] The Amount and Intensity of Energy Used
F.7 [302-4] Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
381, 390
Efforts and Achievement of Energy Efficiency Including Use of Renewable Energy Sources
A SPEK AI R & G RI 303: AI R 201 8 | WATER ASPECT & GRI 303: WATER 2018
F.8 [303-3] Penggunaan Air
382
Water Used
A SPEK KE AN EK AR AGAMAN HAYATI & G RI 304: KE AN EK AR AGAMAN HAYATI 201 6
BIODIVERSIT Y ASPECT & GRI 304: BIODIVERSIT Y 2016
F.9 [304-1] Dampak dari Wilayah Operasional yang Dekat atau Berada di
Daerah Konservasi atau Memiliki Keanekaragaman Hayati 385
Impacts from Operational Areas Close to or in Conservation Areas or Having Biodiversity
F.10 [304-3] Usaha Konservasi Keanekaragaman Hayati
385 - 386
Biodiversity Conservation Efforts
A SPEK EM ISI & G RI 305: EM ISI 201 6 | EMISSION ASPECT & GRI 305: EMISSION 2016
F.11
Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
[305-1] [305-2] 387
The Amount and Intensity of Emissions Produced by Type
[305-3] [305-4]
F.12 [305-5] Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan 386,
Efforts and Achievement Emission Reduction Carried Out 388 - 391
A SPEK LI M BAH DAN EFLU EN & G RI 30 6: LI M BAH 2020 |
WASTE AND EFFLUENT ASPECT & GRI 306: WASTE 2020
F.13 [306-3] Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis
384 - 385
[306-4] [306-5] The Amount of Waste and Effluent Produced by Type
F.14 [306-1] Mekanisme Pengelolaan Limbah dan Efluen
384
Mechanism of Waste and Effluent Management
F.15 Tumpahan yang Terjadi (jika ada)
384
Spills that Occur (if any)
A SPEK PENGADUAN TERK AIT LI NG KU NGAN H I DU P | ENVIRONMENTAL COMPL AINT ASPECT
F.16 Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan
380, 391
The Amount and Material of Environmental Complaints Received and Resolved
GRI 307: KEPATUHAN LINGKUNGAN 2016 | GRI 307: ENVIRONMENTAL COMPLIANCE 2016
307-1 Ketidakpatuhan terhadap hukum dan peraturan lingkungan
391
Non-Compliance with environmental law and regulations
KI N ERJA SOSIAL | SOCIAL ASPECT
Komitmen untuk Memberikan Layanan atas Produk dan/
F.17 atau Jasa yang Setara kepada Konsumen 408
Commitment to Provide Services for Equivalent Products and/or Services to Consumers
A SPEK KETENAGAKERJA AN | EMPLOYMENT ASPECT
Kesetaraan Kesempatan Bekerja 260, 261,
F.18
Equality of Employment Opportunities 396
455
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G RI 405: KE AN EK AR AGAMAN DAN KESEM PATAN YANG SETAR A 201 6
GRI 405: DIVERSIT Y AND EQUAL OPPORTUNIT Y 2016
405-1 Keanekaragaman Badan Tata Kelola dan Karyawan
261, 396
Diversity of governance bodies and employees
F.19 Tenaga Kerja Anak dan Tenaga Kerja Paksa
401
Child Labor and Forced Labor
G RI 408: PEKERJA ANAK 201 6 | GRI 408: CHILD L ABOR 2016
408-1 Operasi dan pemasok yang berisiko signifikan terhadap insiden pekerja anak
401
Operations and suppliers at significant risk for incidents of child labor
G RI 409: KERJA PAKSA ATAU WA J I B KERJA 201 6 | GRI 409: FORCED OR COMPULSORY L ABOR 2016
409-1 Operasi dan pemasok yang berisiko signifikan terhadap
insiden pekerja kerja paksa atau wajib kerja 401
Operations and suppliers at significant risk for incidents of forced or compulsory labor
F.20 [202-1] Upah Minimum Regional
396
The Regional Minimum Wage
G RI 405: KE AN EK AR AGAMAN DAN KESEM PATAN YANG SETAR A 201 6
GRI 405: DIVERSIT Y AND EQUAL OPPORTUNIT Y 2016
405-2 Rasio Gaji Pokok dan Remunerasi Perempuan Dibandingkan Laki-Laki
396
Ratio of Basic Salary and Remuneration of Women to Men
Lingkungan Bekerja yang Layak dan Aman
F.21 392 - 395
Decent and Safe Working Environment
G RI 403: KESEL AMATAN DAN KESEHATAN KERJA 201 8 | GRI 403: OCCUPATIONAL HE ALTH AND SAFET Y 2018
Sistem Manajemen Kesehatan dan Keselamatan Kerja
403-1 392
Occupational Health and Safety Management System
403-2 Identifikasi bahaya, penilaian risiko, dan investigasi insiden
392, 395
Hazard identification, risk assessment, and incident investigation
403-3 Layanan Kesehatan Kerja
394
Occupational health services
403-5 Pelatihan Bagi Pekerja Mengenai Keselamatan dan Kesehatan Kerja
393
Worker Training On Occupational Health and Safety
403-9 Kecelakaan kerja
395
Work-related injuries
F.22 Pelatihan dan Pengembangan Kemampuan Pegawai
398
[404-2] Training and Capacity Building of Employees
G RI 404: PEL ATI HAN & PEN DI DI K AN 201 6 | GRI 404: TR AINING AND EDUC ATION 2016
Persentase Karyawan yang Menerima Tinjauan Rutin
404-3 Terhadap Kinerja dan Pengembangan Karier 192, 402
Percentage of employees receiving regular performance and career development reviews
G RI 205: ANTI KORU PSI 201 6 | GRI 205: ANTI- CORRUPTION 2016
Komunikasi dan pelatihan tentang kebijakan dan prosedur anti-korupsi
205-2 343
Communication and training about anti-corruption policies and procedures
Insiden korupsi yang terbukti dan tindakan yang diambil
205-3 344
Confirmed incidents of corruption and actions taken
G RI 401: KETENAGAKERJA AN 201 6 | GRI 401: EMPLOYMENT 2016
Perekrutan Karyawan Baru dan Pengantian Karyawan
401-1 199, 200
New Employee Hires and Employee Turnover
Tunjangan yang Diberikan Kepada Karyawan Purnawaktu yang Tidak
Diberikan Kepada Karyawan Sementara atau Paruh Waktu
401-2 207, 397
Benefits Provided to Full-time Employees That Are Not
Provided to Temporary or Part-Time Employees
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A SPEK MA SYAR AK AT | SOCIET Y ASPECT
Dampak Operasi Terhadap Masyarakat Sekitar
F.23 407
Operational Impacts to the Surrounding Community
Pengaduan Masyarakat
F.24 407
Public Complaints
Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL) 377,
F.25 [413-1]
Environmental and Social Responsibility Activities 402 - 407
TANGGU NG JAWAB PENG EM BANGAN PRODU K /JA SA B ERKEL ANJUTAN |
RESPONSIBILITIES FOR DEVELOPING SUSTAINABLE PRODUCTS/SERVICES
Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan 383,
F.26
Innovation and Development of Sustainable Financial Products and/or Services 389 - 391
F.27 Produk/Jasa yang Sudah Dievaluasi Keamanannya bagi Pelanggan
409
[416-2] [417-1] Products/Services that have been Evaluated for Safety for Customers
GRI 417: PEMASARAN DAN PELABELAN 2016 | GRI 417: MARKETING AND LABELING 2016
Insiden ketidakpatuhan terkait pelabelan dan informasi produk dan jasa
417-2 409
Incidents of non-compliance concerning product and service information and labeling
Insiden ketidakpatuhan terkait komunikasi pemasaran
417-3 409
Incidents of non-compliance concerning marketing communications
Dampak Produk/Jasa
F.28 408
Products/Service Impacts
Jumlah Produk yang Ditarik Kembali
F.29 410
Number of Products Recalled
Survei Kepuasan Pelanggan Terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
F.30 410
Customer Satisfaction Survey of Sustainable Finance and/or Services
GRI 407: KEBEBASAN BERSERIK AT DAN PERUNDINGAN KOLEKTIF 2016
GRI 407: FREEDOM OF ASSOCIATION AND COLLECTIVE BARGAINING 2016
Operasi dan pemasok di mana hak atas kebebasan berserikat
dan perundingan kolektif mungkin berisiko
407-1 401
Operations and suppliers in which the right to freedom of
assciation and collective bargaining may be at risk
L AI N - L AI N | OTHERS
G.1 [2-5] Verifikasi Tertulis dari Pihak Independen (jika ada)
32
Written Verification from an Independent Party (if any)
G.2 Lembar Umpan Balik
38
Feedback Form
G.3 Tanggapan Terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya Tidak ada
Feedback on Previous Year’s Sustainability Report tanggapan
terhadap
umpan balik
dari laporan
sebelumnya.
There is no
feedback
response
from the
previous
report.
G.4 Daftar Pengungkapan Sesuai Peraturan Otoritas Jasa Keuangan Nomor
51/POJK.03/2017 tentang Penerapan Keuangan Berkelanjutan bagi
Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik
453
Disclosure List Based on POJK No.51/POJK.03/2017 regarding
the Implementation of Sustainable Finance for Financial Services
Institutions, Listed Companies and Public Companies
457
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LAPORAN
KEUANGAN >
FINANCIAL REPORT
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Laporan Keuangan Konsolidasian Beserta Consolidated Financial Statements
Laporan Auditor Independen With Independent Auditor’s Report
Untuk Tahun yang Berakhir pada For the Years Ended
Tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024
PT BAKRIE & BROTHERS Tbk PT BAKRIE & BROTHERS Tbk
DAN ENTITAS ANAK AND SUBSIDIARIES
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Daftar Isi Table of Contents
Halaman/
Page
Surat pernyataan direksi Board of directors’ statement
Laporan auditor independen Independent auditor’s report
Laporan posisi keuangan konsolidasian 1 Consolidated statements of financial position
Laporan laba rugi dan penghasilan Consolidated statements of profit or loss and
komprehensif lain konsolidasian 4 other comprehensive income
Laporan perubahan ekuitas konsolidasian 6 Consolidated statements of changes in equity
Laporan arus kas konsolidasian 8 Consolidated statements of cash flows
Catatan atas laporan keuangan konsolidasian 10 Notes to the consolidated financial statements
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Corporate Governance Social and Environmental
Implementation Report Responsibility
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s
PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK CONSOLIDATED STATEMENTS OF
LAPORAN POSISI KEUANGAN KONSOLIDASIAN FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2025 2024
ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 3d,3e,5 236.650 168.225 Cash and cash equivalents
Investasi jangka pendek 3d,6 Short-term investments
Pihak ketiga 1.321.168 845.747 Third parties
Pihak berelasi 3f,40b - 9.029 Related parties
Piutang usaha - setelah dikurangi Trade receivables - net
penyisihan kerugian atas of allowance for
penurunan nilai 3d,7 impairment losses
Pihak ketiga 636.273 755.892 Third parties
Pihak berelasi 3f,40a 49.276 41.884 Related parties
Piutang lain-lain - setelah dikurangi Other receivables - net
penyisihan kerugian atas of allowance for
penurunan nilai 3d,8 impairment losses
Pihak ketiga 379.561 522.716 Third parties
Pihak berelasi 3f,40c 8.457 4.974 Related parties
Persediaan - setelah Inventories - net of
dikurangi penyisihan allowance for inventory
persediaan usang 3g,9 626.371 957.931 obsolescence
Beban dibayar dimuka 3h,10 5.676 3.058 Prepaid expenses
Uang muka 11 307.118 172.972 Advances
Pajak dibayar dimuka 3u,37a 146.992 139.381 Prepaid taxes
Kas di bank yang dibatasi
penggunaannya 3d,3e,11 700.605 7.295 Restricted cash in banks
Total Aset Lancar 4.418.147 3.629.104 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS
Piutang pihak berelasi - setelah Due from related parties - net
dikurangi penyisihan kerugian of allowance for
atas penurunan nilai 3d,3f,40d 31.672 16.911 impairment losses
Investasi pada entitas asosiasi 3i,12 10.000 10.000 Investment in associate
Investasi jangka panjang lainnya 3d,3j,13 527.524 533.867 Other long-term investments
Aset tetap - setelah dikurangi Fixed assets - net of
akumulasi penyusutan accumulated depreciation
dan penyisihan kerugian and allowance for
atas penurunan nilai 3k,3m,3n,3o,14 2.064.430 1.954.331 impairment losses
Hak pengusahaan jalan tol - Toll road concession right -
setelah dikurangi net of accumulated
akumulasi amortisasi 3l,3m,15 14.998.392 - amortization
Aset pajak tangguhan - neto 3u,37d 103.701 79.949 Deferred tax assets - net
Biaya pengembangan proyek 3p,16 66.278 66.655 Project development costs
Aset takberwujud - neto 3q,17 777 727 Intangible assets - net
Aset tidak lancar lainnya 3d,3e,3f,18 1.346.642 537.945 Other non-current assets
Total Aset Tidak Lancar 19.149.416 3.200.385 Total Non-Current Assets
TOTAL ASET 23.567.563 6.829.489 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements are
secara keseluruhan. an integral part of these consolidated financial statements.
1
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<
PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK CONSOLIDATED STATEMENTS OF
LAPORAN POSISI KEUANGAN KONSOLIDASIAN FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2025 2024
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Pinjaman jangka pendek 3d,19 1.836.563 768.683 Short-term loans
Utang usaha 3d,20 Trade payables
Pihak ketiga 888.582 739.905 Third parties
Pihak berelasi 3f,40e 18.403 21.126 Related parties
Utang lain-lain 3d,21 Other payables
Pihak ketiga 45.926 86.103 Third parties
Pihak berelasi 3f,40f 29.933 28.184 Related parties
Beban akrual 3d,3r,22 280.284 151.020 Accrued expenses
Uang muka pelanggan 3r,23 92.951 171.183 Customer deposits
Utang pajak 3u,37b 50.395 53.863 Taxes payable
Liabilitas jangka panjang yang Current maturities of
jatuh tempo dalam satu tahun: 3d long-term liabilities:
Pinjaman jangka panjang 26 345.747 122.250 Long-term loans
Liabilitas sewa 3o,27 7.217 8.247 Lease liabilities
Total Liabilitas Jangka Pendek 3.596.001 2.150.564 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Utang lain-lain jangka panjang 3d, 24 275.069 - Long-term other payables
Provisi pelapisan jalan tol 25 30.908 - Provision for toll overlay
Liabilitas pajak tangguhan - neto 3u,37d 102.949 111.667 Deferred tax liabilities - net
Post-employment benefits
Liabilitas imbalan pascakerja 3s,38 244.425 231.458 liability
Utang pihak berelasi 3d,3f,40g 87.740 90.083 Due to related parties
Liabilitas jangka panjang - setelah
dikurangi bagian yang jatuh tempo Long-term liabilities - net of
dalam satu tahun: 3d current maturities:
Pinjaman jangka panjang 26 14.557.479 325.843 Long-term loans
Liabilitas sewa 3o,27 1.328 8.208 Lease liabilities
Total Liabilitas Jangka Panjang 15.299.898 767.259 Total Non-Current Liabilities
Total Liabilitas 18.895.899 2.917.823 Total Liabilities
Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements are
secara keseluruhan. an integral part of these consolidated financial statements.
2
473
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PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK CONSOLIDATED STATEMENTS OF
LAPORAN POSISI KEUANGAN KONSOLIDASIAN FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2025 2024
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to owners
kepada pemilik entitas induk of the Parent
Modal saham - nilai nominal Share capital - Rp5,687,
Rp5.687, Rp796, Rp227, Rp796, Rp227, Rp99
Rp99 dan Rp12 and Rp12 par value
untuk masing-masing for each A Series, B Series,
saham Seri A, Seri B, C Series, D Series
Seri C, Seri D dan Seri E and E Series shares
Modal dasar Authorized capital
293.715.580.156 saham 293,715,580,156 shares
Modal ditempatkan dan
disetor penuh - Issued and fully paid capital -
173.416.832.509 saham 1b,28 4.764.178 4.764.178 173,416,832,509 shares
Tambahan modal disetor 3u,3v,29 (1.750.758) (1.750.758) Additional paid-in capital
Komponen ekuitas lainnya 3d,3s,3t,30 18.308 (86.138) Other equity components
Saldo laba 821.442 327.590 Retained earnings
Subtotal 3.853.170 3.254.872 Subtotal
Kepentingan nonpengendali 3b,31 818.494 656.794 Non-controlling interest
Ekuitas - Neto 4.671.664 3.911.666 Equity - Net
TOTAL LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 23.567.563 6.829.489 EQUITY
Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements are
secara keseluruhan. an integral part of these consolidated financial statements.
3
474
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 477
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2025 2024 *)
PENDAPATAN NETO 3r,32 3.742.973 3.869.905 NET REVENUES
BEBAN POKOK PENDAPATAN 3r,33 2.998.589 3.000.428 COST OF REVENUES
LABA BRUTO 744.384 869.477 GROSS PROFIT
BEBAN USAHA 3r,34 OPERATING EXPENSES
Beban karyawan 245.229 250.990 Personnel expenses
General and administrative
Beban umum dan administrasi 252.157 202.712 expenses
Beban penjualan 130.135 132.903 Selling expenses
Total Beban Usaha 627.521 586.605 Total Operating Expenses
LABA USAHA 116.863 282.872 OPERATING PROFIT
PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)
Keuntungan dari pengukuran kembali
atas kepentingan ekuitas yang Gain on remeasurement of
dimiliki sebelumnya 3c,13 422.375 - previously held equity interest
Keuntungan dari pembelian diskon 1c,3c 320.127 - Gain on bargain purchase
Keuntungan selisih kurs - neto 3t 14.002 21.653 Gain on foreign exchange - net
Keuntungan atas penjualan aset tetap 971 46.822 Gain on sale of fixed assets
Penyisihan penurunan Provision for impairment
nilai atas piutang 7,8,40 (89.572) 18.214 of receivables
Beban bunga dan keuangan - neto 35 (211.555) (95.492) Interest and financial charges - net
Keuntungan atas penyelesaian Gain from settlement of loan
pinjaman melalui investasi - 353.464 through investments
Kerugian atas dilusi investasi Loss on dilution of investment
pada entitas anak 1c,3b - (280.354) in subsidiary
Lain-lain - neto 36 (54.379) 42.051 Others - net
Penghasilan Lain-lain - Neto 401.969 106.358 Other Income - Net
LABA SEBELUM MANFAAT (BEBAN) PROFIT BEFORE INCOME TAX
PAJAK PENGHASILAN 518.832 389.230 BENEFIT (EXPENSE)
MANFAAT (BEBAN) PAJAK INCOME TAX
PENGHASILAN 3u BENEFIT (EXPENSE)
Kini 37c (42.018) (76.434) Current
Tangguhan 37d 25.929 23.252 Deferred
Beban Pajak Penghasilan - Neto (16.089) (53.182) Income Tax Expense - Net
LABA NETO 502.743 336.048 NET PROFIT
*) Termasuk akun-akun PT Bakrie Building Industries (BBI) *) Including the accounts of PT Bakrie Building Industries (BBI)
sampai dengan 20 Desember 2024, dimana setelah until December 20, 2024, after which BBI has been
tanggal tersebut BBI telah didekonsolidasi. deconsolidated.
Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements are
secara keseluruhan. an integral part of these consolidated financial statements.
4
475
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 478
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Notes 2025 2024 *)
PENGHASILAN (RUGI) OTHER COMPREHENSIVE
KOMPREHENSIF LAIN INCOME (LOSS)
Pos-pos yang akan direklasifikasi Items that will be subsequently
lebih lanjut ke laba rugi: reclassified to profit or loss:
Selisih kurs karena Exchange differences due to
penjabaran laporan financial statements
keuangan 3t 6.141 (2.569) translation
Perubahan neto atas nilai wajar Net changes in fair value of
efek ekuitas tercatat 3d (174) (2.424) quoted equity securities
Subtotal 5.967 (4.993) Subtotal
Pos-pos yang tidak akan Items that will not be
direklasifikasi lebih lanjut subsequently reclassified
ke laba rugi: to profit or loss:
Pengukuran kembali Remeasurement of
atas program pensiun defined benefit
imbalan pasti 3s,38 981 14.302 pension plan
Pajak penghasilan terkait 3u,37d 305 (2.850) Related income tax
Subtotal 1.286 11.452 Subtotal
PENGHASILAN
KOMPREHENSIF LAIN - OTHER COMPREHENSIVE
SETELAH DIKURANGI PAJAK 7.253 6.459 INCOME - NET OF TAX
PENGHASILAN NET COMPREHENSIVE
KOMPREHENSIF NETO 509.996 342.507 INCOME
LABA NETO YANG DAPAT NET PROFIT
DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 493.852 327.590 Owners of parent
Kepentingan nonpengendali 3b,31 8.891 8.458 Non-controlling interest
Neto 502.743 336.048 Net
PENGHASILAN KOMPREHENSIF NET COMPREHENSIVE
NETO YANG DAPAT INCOME
DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 500.339 336.818 Owners of parent
Kepentingan nonpengendali 3b,31 9.657 5.689 Non-controlling interest
Neto 509.996 342.507 Net
LABA PER SAHAM BASIC/DILUTED EARNINGS
DASAR/DILUSIAN DIATRIBUSIKAN PER SHARE ATTRIBUTABLE TO
KEPADA PEMILIK ENTITAS INDUK THE OWNERS OF THE PARENT
(Angka Penuh) 3w,39 2,85 2,04 (Full Amount)
*) Termasuk akun-akun PT Bakrie Building Industries (BBI) *) Including the accounts of PT Bakrie Building Industries (BBI)
sampai dengan 20 Desember 2024, dimana setelah until December 20, 2024, after which BBI has been
tanggal tersebut BBI telah didekonsolidasi. deconsolidated.
Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements are
secara keseluruhan. an integral part of these consolidated financial statements.
5
476
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 479
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR PADA FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Amounts in tables are expressed in millions of Rupiah, unless otherwise stated)
Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/
Equity Attributable to Owners of the Parent
Tambahan Modal Disetor/
Additional Paid-in Capital Komponen Ekuitas Lainnya/
Selisih Nilai Other Equity Components
Transaksi Selisih Kurs Keuntungan Akumulasi
Restrukturisasi Penjabaran Selisih (Kerugian) Pengukuran
Selisih Tambahan Entitas Laporan Transaksi Investasi Kembali atas
Penerimaan Modal Disetor Sepengendali Keuangan dengan Jangka Pendek Liabilitas Imbalan
dari Penerbitan dari (Catatan 29)/ (Catatan 30)/ Entitas yang Belum Pascakerja
Saham atas Pengampunan Difference in Exchange Nonpengendali Terealisasi (Catatan 30)/
Modal Nilai Nominal Pajak Value from Differences (Catatan 30)/ (Catatan 30)/ Cumulative Kepentingan
Saham (Catatan 29)/ (Catatan 29)/ Restructuring due to Difference from Unrealized Remeasurements Nonpengendali
(Catatan 28)/ Paid-in Capital Paid-in Capital of Entities Financial Transactions with Gain (Loss) on Post-Employment (Catatan 30)/
Share in Excess of from Tax Under Common Statements Non-Controlling on Short-term Benefits Saldo Laba/ Non-controlling
Capital Par Value Amnesty Control Translation Interests Investments Liability Retained Subtotal Interest Ekuitas - Neto/
(Note 28) (Note 29) (Note 29) (Note 29) (Note 30) (Note 30) (Note 30) (Note 30) Earnings Subtotal (Note 31) Equity - Net
Balance as of
Saldo 1 Januari 2024 23.675.988 61.728 1.164.536 (3.730.586) 11.956 519.040 2.598 4.942 (19.532.286) 2.177.916 482.747 2.660.663 January 1, 2024
Penerbitan saham melalui Issuance of shares through
konversi utang 160.313 694.687 - - - - - - - 855.000 - 855.000 debt conversion
Penyesuaian atas transaksi Adjustment to
eliminasi defisit dalam eliminate deficit in
kuasi-reorganisasi quasi-reorganization
(Catatan 45) (19.072.123) 58.877 - - - (519.040) - - 19.532.286 - - - (Note 45)
Perubahan kepemilikan Change in ownership
entitas anak - - - - - (114.858) - - - (114.858) 175.854 60.996 of subsidiary
Laba neto tahun berjalan - - - - - - - - 327.590 327.590 8.458 336.048 Net profit for the year
Penghasilan (rugi) Other comprehensive
komprehensif lain yang income (loss) to
direklasifikasikan be reclassified
ke laba rugi - - - - 4.652 - (2.424) - - 2.228 (7.221) (4.993) to profit or loss
Penghasilan
komprehensif lain Other comprehensive
yang tidak income not to
direklasifikasikan be reclassified
ke laba rugi - - - - - - - 6.996 - 6.996 4.456 11.452 to profit or loss
Pembagian dividen Dividend distribution
entitas ak - - - - - - - - - - (7.500) (7.500) by subsidiary
Balance as of
Saldo 31 Desember 2024 4.764.178 815.292 1.164.536 (3.730.586) 16.608 (114.858) 174 11.938 327.590 3.254.872 656.794 3.911.666 December 31, 2024
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes to the consolidated financial statements are an integral part of these
laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements.
6
477
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 480
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR PADA FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Amounts in tables are expressed in millions of Rupiah, unless otherwise stated)
Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/
Equity Attributable to Owners of the Parent
Tambahan Modal Disetor/
Additional Paid-in Capital Komponen Ekuitas Lainnya/
Selisih Nilai Other Equity Components
Transaksi Selisih Kurs Keuntungan Akumulasi
Restrukturisasi Penjabaran Selisih (Kerugian) Pengukuran
Selisih Tambahan Entitas Laporan Transaksi Investasi Kembali atas
Penerimaan Modal Disetor Sepengendali Keuangan dengan Jangka Pendek Liabilitas Imbalan
dari Penerbitan dari (Catatan 29)/ (Catatan 30)/ Entitas yang Belum Pascakerja
Saham atas Pengampunan Difference in Exchange Nonpengendali Terealisasi (Catatan 30)/
Modal Nilai Nominal Pajak Value from Differences (Catatan 30)/ (Catatan 30)/ Cumulative Kepentingan
Saham (Catatan 29)/ (Catatan 29)/ Restructuring due to Difference from Unrealized Remeasurements Nonpengendali
(Catatan 28)/ Paid-in Capital Paid-in Capital of Entities Financial Transactions with Gain (Loss) on Post-Employment (Catatan 30)/
Share in Excess of from Tax Under Common Statements Non-Controlling on Short-term Benefits Saldo Laba/ Non-controlling
Capital Par Value Amnesty Control Translation Interests Investments Liability Retained Subtotal Interest Ekuitas - Neto/
(Note 28) (Note 29) (Note 29) (Note 29) (Note 30) (Note 30) (Note 30) (Note 30) Earnings Subtotal (Note 31) Equity - Net
Balance as of
Saldo 1 Januari 2025 4.764.178 815.292 1.164.536 (3.730.586) 16.608 (114.858) 174 11.938 327.590 3.254.872 656.794 3.911.666 January 1, 2025
Laba neto tahun berjalan - - - - - - - - 493.852 493.852 8.891 502.743 Net profit for the year
Penghasilan (rugi) Other comprehensive
komprehensif lain yang income (loss) to
direklasifikasikan ke be reclassified
ke laba rugi - - - - 6.141 - (174) - - 5.967 - 5.967 to profit or loss
Penghasilan
komprehensif lain Other comprehensive
yang tidak income not to be
direklasifikasikan reclassified to
ke laba rugi - - - - - - - 520 - 520 766 1.286 profit or loss
Perubahan kepemilikan Change in ownership
entitas anak - - - - - 97.959 - - - 97.959 57.043 155.002 of subsidiary
Penambahan setoran Additional capital
modal di entitas anak contribution in
dari pihak subsidiary from
nonpengendali - - - - - - - - - - 100.000 100.000 non-controlling interest
Pembagian dividen Dividend distribution
entitas anak - - - - - - - - - - (5.000) (5.000) by subsidiary
Balance as of
Saldo 31 Desember 2025 4.764.178 815.292 1.164.536 (3.730.586) 22.749 (16.899) - 12.458 821.442 3.853.170 818.494 4.671.664 December 31, 2025
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes to the consolidated financial statements are an integral part of these
laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements.
7
478
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 481
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Notes 2025 2024
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS OPERASI OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 3.781.880 3.775.298 Cash receipt from customers
Pembayaran kas untuk pemasok (3.140.226) (3.177.857) Cash payments to suppliers
Pembayaran kas untuk karyawan (467.428) (430.568) Cash payments to employees
Kas neto yang diperoleh dari Net cash provided by
aktivitas operasi 174.226 166.873 operating activities
Penerimaan dari: Cash received from:
Pajak 84.978 59.091 Taxes
Bunga 6.918 13.815 Interest income
Pembayaran untuk: Cash paid for:
Pajak (197.852) (184.077) Taxes
Beban bunga (175.837) (54.837) Interest expense
Arus Kas Neto Diperoleh dari Net Cash Flows Provided by
(Digunakan untuk) Aktivitas Operasi (107.567) 865 (Used in) Operating Activities
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS INVESTASI INVESTING ACTIVITIES
Penurunan (kenaikan) neto Net decrease (increase) in
piutang lain-lain 112.682 (307.982) other receivables
Penerimaan dari: Receipts from:
Penjualan investasi jangka pendek 3.582 - Sale of short-term investments
Penjualan aset tetap 3.127 79.032 Sale of fixed assets
Pembayaran untuk: Payments for:
Perolehan hak pengusahaan jalan tol 15 (9.280) - Acquisition of toll concession rights
Perolehan aset tetap 14 (186.424) (359.471) Acquisition of fixed assets
Investasi jangka pendek (404.716) (425.954) Short-term investment
Uang muka investasi 18 (750.000) (151.020) Advances for investment
Uang muka pembelian tanah 18 - (152.400) Advances for purchase of land
Biaya pengembangan proyek - (4.715) Project development costs
Penurunan (kenaikan) neto piutang Net decrease (increase) in due from
pihak berelasi (822.349) 7.603 related parties
Pembayaran dividen entitas anak (5.000) (7.500) Dividends paid by subsidiary
Perolehan entitas anak, neto kas (3.284.519) - Acquisition of subsidiary, net of cash
Kas neto entitas anak didekonsolidasi - (946) Net cash of deconsolidated subsidiary
Arus Kas Neto Digunakan untuk Net Cash Flows Used in
Aktivitas Investasi (5.342.897) (1.323.353) Investing Activities
Lihat Catatan 46 atas laporan keuangan konsolidasian untuk See Note 46 to the consolidated financial statements for the
informasi tambahan arus kas supplementary cash flows information
Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements are
secara keseluruhan. an integral part of these consolidated financial statements.
8
479
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 482
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2025 2024
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS PENDANAAN FINANCING ACTIVITIES
Penerimaan dari: Proceeds from:
Pinjaman jangka panjang 4.865.925 422.195 Long-term loans
Pinjaman jangka pendek 2.846.749 1.188.785 Short-term loans
Pembayaran untuk: Payments for:
Pinjaman jangka pendek (1.793.333) (919.242) Short-term loans
Pinjaman jangka panjang (125.200) (89.540) Long-term loans
Liabilitas sewa (8.018) (8.423) Lease liabilities
Utang lain-lain jangka panjang (4.013) - Long-term other payables
Penurunan neto utang pihak berelasi (2.343) (1.618) Net decrease in due to related parties
Penarikan (penempatan) kas di bank Withdrawal (placements) of
yang dibatasi penggunaannya (260.969) 32.277 restricted cash in banks
Arus Kas Neto Diperoleh dari Net Cash Flows Provided by
Aktivitas Pendanaan 5.518.798 624.434 Financing Activities
KENAIKAN (PENURUNAN) NETO NET INCREASE (DECREASE) IN
KAS DAN SETARA KAS 68.334 (698.054) CASH AND CASH EQUIVALENTS
PENGARUH PERUBAHAN EFFECT OF EXCHANGE
KURS MATA UANG ASING ATAS RATE CHANGES ON CASH
KAS DAN SETARA KAS 91 815 AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 168.225 865.464 AT BEGINNING OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 5 236.650 168.225 AT END OF YEAR
Lihat Catatan 46 atas laporan keuangan konsolidasian untuk See Note 46 to the consolidated financial statements for the
informasi tambahan arus kas supplementary cash flows information
Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian The accompanying notes to the consolidated financial statements are
secara keseluruhan. an integral part of these consolidated financial statements.
9
480
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 483
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian Perusahaan a. Company’s Establishment
PT Bakrie & Brothers Tbk (“Perusahaan”) didirikan di PT Bakrie & Brothers Tbk (the “Company”) was
Republik Indonesia berdasarkan Akta Notaris No. 55 established in the Republic of Indonesia on March 13,
tanggal 13 Maret 1951 oleh Notaris Sie Khwan Djioe 1951 based on Notarial Deed No. 55 of Sie Khwan
dengan nama “N.V. Bakrie & Brothers”. Akta Djioe under the name of “N.V. Bakrie & Brothers”.
Pendirian tersebut telah mendapatkan persetujuan The Deed of Establishment was approved by the
dari Menteri Kehakiman Republik Indonesia melalui Ministry of Justice of the Republic of Indonesia per its
Surat Keputusan No. J.A.8/81/6 tanggal 25 Agustus Decision Letter No. J.A.8/81/6 dated August 25, 1951
1951 dan diumumkan dalam Berita Negara No. 94 and was published in the State Gazette No. 94
Tambahan No. 550 tanggal 23 November 1951. Supplement No. 550 dated November 23, 1951.
Anggaran Dasar Perusahaan telah mengalami The Articles of Association have been amended
beberapa kali perubahan, terakhir berdasarkan several times, the most recent being based on
Akta Notaris No. 117 tanggal 20 Desember 2024 oleh Notarial Deed No. 117 dated December 20, 2024 by
Humberg Lie, S.H., S.E., M.Kn., mengenai Humberg Lie, S.H., S.E., M.Kn., regarding the
penyelesaian pinjaman dari Eurofa Capital settlement of loans from Eurofa Capital Investment
Investment Inc (“ECII”) dan Silvery Moon Investment Inc (“ECII”) and Silvery Moon Investment Ltd (“SMIL”)
Ltd (“SMIL”) dengan menerbitkan saham Perusahaan by issuance of the Company’s shares through
melalui penerbitan modal tambahan melalui the issuance of additional capital through Non-
Penambahan Modal Tanpa Hak Memesan Efek Preemptive Right (NPR) resulting to changes in the
Terlebih Dahulu (PHMTHMETD) yang mengakibatkan Company’s capital structure. This amendment was
perubahan struktur modal Perusahaan. Perubahan ini received by the Ministry of Law and Human Rights of
telah diterima pemberitahuannya oleh Menteri Hukum the Republic of Indonesia in its Decision Letter No.
dan Hak Asasi Manusia Republik Indonesia dengan AHU-AH-01.03-0227443 dated December 24, 2024
Surat Keputusan No. AHU-AH-01.03-0227443 and was published in the State Gazette No. 409
tanggal 24 Desember 2024 dan diumumkan dalam Supplement No. 3 dated January 10, 2025.
Berita Negara No. 409 Tambahan No. 3 tanggal
10 Januari 2025.
Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan, In accordance with Article 3 of the Company's Articles
kegiatan usaha utama Perusahaan adalah aktivitas of Association, the Company's main business
perusahaan holding, aktivitas konsultasi manajemen activities include the holding company’s activities,
lainnya serta aktivitas konsultasi bisnis dan broker other management consulting activities and business
bisnis. consulting and business brokerage activities.
Perusahaan berdomisili di Jakarta Selatan, The Company is domiciled in South Jakarta,
dengan kantor pusat berlokasi di Bakrie Tower, with the head office is located at Bakrie Tower,
Lantai 35-37, Komplek Rasuna Epicentrum, Jalan 35th-37th Floor, Komplek Rasuna Epicentrum, Jalan
H.R. Rasuna Said, Jakarta Selatan. Perusahaan H.R. Rasuna Said, Jakarta Selatan. The Company
beroperasi secara komersial mulai tahun 1951. started its commercial operations in 1951.
PT Biofuel Indo Sumatra, didirikan dalam Republik PT Biofuel Indo Sumatra, incorporated in the
Indonesia, adalah entitas induk terakhir Perusahaan. Republic of Indonesia, is the ultimate parent
Pemilik manfaat akhir Perusahaan adalah Aburizal company. The Company’s ultimate beneficial owners
Bakrie, Nirwan Dermawan Bakrie dan Indra are Aburizal Bakrie, Nirwan Dermawan Bakrie and
Usmansjah Bakrie. Perusahaan tergabung dalam Indra Usmansjah Bakrie. The Company is part of
Grup Bakrie. Bakrie Group.
b. Penawaran Umum dan Pencatatan Saham dan b. Public Offering and Company’s Listing of Shares
Obligasi Perusahaan di Bursa Efek and Bonds at the Stock Exchange
Jumlah Saham/ Tanggal Efektif/ Nature of
Sifat Aksi Korporasi Number of Shares Effective Date Corporate Action
Penawaran Umum Perdana Initial Public Offering on
di Bursa Efek Indonesia the Indonesia Stock
(BEI) (dahulu Bursa Efek 28 Agustus 1989/ Exchange (IDX) (formerly
Jakarta) 2.850.000 August 28, 1989 Jakarta Stock Exchange)
Pencatatan atas saham
para pendiri Perusahaan Listed founders' shares in
dalam bentuk Company 9 Maret 1990/ the form of Company
Listing 16.150.000 March 9, 1990 Listing
10
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Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 484
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
Jumlah Saham/ Tanggal Efektif/ Nature of
Sifat Aksi Korporasi Number of Shares Effective Date Corporate Action
27 November 1991/
Private Placement I 978.969 November 27, 1991 Private Placement I
10 Januari 1992/
Private Placement II 1.031 January 10, 1992 Private Placement II
Penawaran Umum Terbatas I
dengan Hak Memesan 4 Juni 1993/ Rights Issue I with
Efek Terlebih Dahulu 1.080.000 June 4, 1993 Pre-emptive Rights
22 Juni 1994/
Saham Bonus I 31.590.000 June 22, 1994 Bonus Shares I
Penawaran Umum Terbatas
II dengan Hak Memesan 14 Juli 1994/ Rights Issue II with
Efek Terlebih Dahulu 189.540.000 July 14, 1994 Pre-emptive Rights
7 Agustus 1995/
Pemecahan Saham 242.190.000 August 7, 1995 Stock Split
17 Januari 1997/
Saham Bonus II 1.453.140.000 January 17, 1997 Bonus Shares II
Penambahan Modal
Tanpa Hak Memesan 31 Oktober 2001/ Additional Capital through
Efek Terlebih Dahulu 36.812.880.000 October 31, 2001 Non-preemptive Rights
17 Maret 2005/
Penggabungan Saham I (31.000.320.000) March 17, 2005 Reverse Stock Split I
Penawaran Umum Terbatas
III dengan Hak Memesan 6 Mei 2005/ Rights Issue III with
Efek Terlebih Dahulu 19.220.198.400 May 6, 2005 Pre-emptive Rights
6 Maret 2008/
Penggabungan Saham II (13.485.139.200) March 6, 2008 Reverse Stock Split II
Penawaran Umum Terbatas
IV dengan Hak Memesan Rights Issue IV with
Efek Terlebih Dahulu 24 Maret 2008/ Pre-emptive Rights
dan Waran Seri I 80.236.578.240 March 24, 2008 and Warrant Series I
Akhir Periode Pelaksanaan 1 April 2011/ Expiry of Warrant
Waran *) 88 April 1, 2011 Exercise Period *)
Penambahan Modal
Tanpa Hak Memesan 30 November 2016/ Additional Capital through
Efek Terlebih Dahulu I **) 3.300.000.000 November 30, 2016 Non-preemptive Rights I **)
Penambahan Modal
Tanpa Hak Memesan 31 Maret 2017/ Additional Capital through
Efek Terlebih Dahulu II **) 16.458.094.820 March 31, 2017 Non-preemptive Rights II **)
Penambahan Modal
Tanpa Hak Memesan 11 September 2017/ Additional Capital through
Efek Terlebih Dahulu III **) 55.751.960 September 11, 2017 Non-preemptive Rights III **)
Penambahan Modal
Tanpa Hak Memesan 3 April 2018/ Additional Capital through
Efek Terlebih Dahulu IV **) 7.624.865.069 April 3, 2018 Non-preemptive Rights IV **)
Penambahan Modal
Tanpa Hak Memesan 21 Mei 2018/ Additional Capital through
Efek Terlebih Dahulu V **) 623 May 21, 2018 Non-preemptive Rights V **)
11
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 485
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
Jumlah Saham/ Tanggal Efektif/ Nature of
Sifat Aksi Korporasi Number of Shares Effective Date Corporate Action
31 Mei 2018/
Penggabungan Saham III (109.044.387.000) May 31, 2018 Reverse Stock Split III
Penambahan Modal
Tanpa Hak Memesan 12 Desember 2018/ Additional Capital through
Efek Terlebih Dahulu VI **) 8.655.934.000 December 12, 2018 Non-preemptive Rights VI **)
Penambahan Modal
Tanpa Hak Memesan 27 Februari 2019/ Additional Capital through
Efek Terlebih Dahulu VII **) 91.076.480 February 27, 2019 Non-preemptive Rights VII **)
Penambahan Modal
Tanpa Hak Memesan 29 Maret 2021/ Additional Capital through
Efek Terlebih Dahulu VIII **) 297.811.781 March 29, 2021 Non-preemptive Rights VIII **)
Penambahan Modal
Tanpa Hak Memesan 22 Desember 2022/ Additional Capital through
Efek Terlebih Dahulu IX **) 923.618.948 December 22, 2022 Non-preemptive Rights IX **)
Penambahan Modal
Tanpa Hak Memesan 29 November 2023/ Additional Capital through
Efek Terlebih Dahulu X **) 99.527.840.300 November 29, 2023 Non-preemptive Rights X **)
Penambahan Modal
Tanpa Hak Memesan 8 Desember 2023/ Additional Capital through
Efek Terlebih Dahulu XI **) 38.445.133.000 December 8, 2023 Non-preemptive Rights XI **)
Penambahan Modal
Tanpa Hak Memesan 10 Desember 2024/ Additional Capital through
Efek Terlebih Dahulu XII **) 13.359.375.000 December 10, 2024 Non-preemptive Rights XII **)
*) Dari total Waran Seri I yang diterbitkan sebanyak *) Out of the total 4,719,798,720 Series I Warrants
4.719.798.720, jumlah waran yang dikonversi issued, the number of warrants converted into
menjadi saham sampai dengan berakhirnya shares up to the end of the warrant exercise
periode pelaksanaan waran tanggal 1 April 2011 period on April 1, 2011 was 88 warrants.
adalah sebanyak 88 lembar.
**) Konversi dari beberapa Obligasi Wajib Konversi **) Conversion from several Mandatory Convertible
(OWK). Bonds (MCB).
c. Struktur Entitas Anak c. Structure of the Subsidiaries
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the Company
Perusahaan mempunyai kepemilikan saham secara has direct and indirect share ownership in the
langsung maupun tidak langsung pada Entitas Anak following Subsidiaries (together with the Company
(selanjutnya secara bersama-sama disebut sebagai hereinafter referred to as the “Group”):
“Grup”):
Tahun
Pendirian/
Kegiatan
Usaha/ Total Aset Sebelum
Year of Persentase Kepemilikan/ Eliminasi/
Establishment/ Percentage of Ownership Total Assets Before
Nama Entitas/ Domisili/ Bidang Usaha/ Commercial 2025 2024 Elimination
Name of Entity Domicile Scope of Activities Operations (%) (%) 2025 2024
Entitas Anak/Subsidiaries
Kepemilikan secara langsung/
Direct Ownership
PT Bakrie Metal Industries (BMI) Bekasi Pabrikasi baja bergelombang 1982 99,99 99,99 3.987.739 4.061.529
dan “multiplate ”/
Corrugated metal products and
multiplate
PT Bakrie Indo Infrastructure Jakarta Pembangunan dan jasa/ 2008 99,99 99,99 17.088.975 533.167
(BIIN) Development and services
12
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Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
Tahun
Pendirian/
Kegiatan
Usaha/ Total Aset Sebelum
Year of Persentase Kepemilikan/ Eliminasi/
Establishment/ Percentage of Ownership Total Assets Before
Nama Entitas/ Domisili/ Bidang Usaha/ Commercial 2025 2024 Elimination
Name of Entity Domicile Scope of Activities Operations (%) (%) 2025 2024
PT VKTR Teknologi Mobilitas Jakarta Kendaraan listrik dan usaha 2007 24,40 30,41 1.798.211 1.608.602
Tbk (VKTR) (d/h PT Bakrie Steel lainnya terkait kendaraan listrik/
Industries (BSI)) Electric vehicles and other
businesses related to electric
vehicles
PT Kreasindo Jaya Utama Jakarta Perdagangan/ 2009 99,99 99,99 400 -
Trading
PT Modula Sustainability Jakarta Jasa konstruksi/ 2022 60,00 60,00 600 -
Indonesia (MSI) Construction services
Golden Sand Oasis Ltd British Investasi/ 2024 100,00 100,00 125.277 213.047
Virgin Investment
Islands
Kepemilikan secara tidak langsung/
Indirect Ownership
Melalui BMI/Through BMI
PT Bakrie Pipe Industries (BPI) Jakarta Pabrikasi pipa baja/ 1979 99,99 99,99 3.283.644 3.979.950
Steel pipe manufacturer
PT Bakrie Construction (BCons) Jakarta Konstruksi baja/ 1986 98,23 98,23 433.793 260.980
Steel construction
PT VKTR Teknologi Mobilitas Jakarta Kendaraan listrik dan usaha 2007 14,43 14,98 1.798.211 1.608.602
Tbk (VKTR) (d/h PT Bakrie Steel lainnya terkait kendaraan listrik
Industries (BSI)) / Electric vehicles and other
businesses related to electric
vehicles
PT Suluh Ardhi Engineering Jakarta Konstruksi bangunan sipil/ Civil 2008 70,00 70,00 92.336 46.733
(SAE) building construction
PT Bakrie Pipeline Indonesia Jakarta Konstruksi pipa / 2024 60,00 60,00 12.167 -
(BPIL) Pipe Construction
Melalui BIIN/Through BIIN
PT Bakrie Gas (BG) Jakarta Perdagangan minyak 2006 99,50 99,50 19.998 19.998
dan gas bumi/
Oil and gas trading
PT Bakrie Gasindo Utama (BGU) Jakarta Perdagangan minyak 2006 99,50 99,50 19.998 19.998
dan gas bumi/
Oil and gas trading
PT Bakrie Java Energy (BJE) Jakarta Perdagangan minyak 2006 99,99 99,99 498 498
dan gas bumi/
Oil and gas trading
PT Energas Daya Pratama (EDP) Jakarta Perdagangan minyak 2006 99,50 99,50 9.998 9.998
dan gas bumi/
Oil and gas trading
PT Bakrie Power (BP) Jakarta Pembangkit tenaga listrik/ 1994 99,99 99,99 82.418 88.037
Energy and electrical power
PT Bangun Infrastruktur Jakarta Pembangunan dan jasa/ 2008 99,99 99,99 13.265 13.265
Nusantara (BIN) Development and services
PT Bakrie Oil & Gas Jakarta Pembangunan dan jasa/ 2008 99,99 99,99 1 1
Infrastructure (BOGI) Development and services
PT Bakrie Telco Infrastructure Jakarta Pembangunan dan jasa/ 2008 99,50 99,50 10.000 10.000
(BTelco) Development and services
PT Bakrie Toll Indonesia (BTI) Jakarta Pembangunan dan jasa/ 2008 99,99 99,99 16.449.904 4.677
Development and services
PT Bakrie Port Indonesia (BPort) Jakarta Pembangunan dan jasa/ 2008 99,50 99,50 10.100 10.100
Development and services
PT Bakrie Mina Tirta d/h PT Jakarta Perdagangan umum/ 2017 70,00 70,00 10.165 10.166
Bakrie Mina Bahari (BMB) General trading
13
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 487
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
Tahun
Pendirian/
Kegiatan
Usaha/ Total Aset Sebelum
Year of Persentase Kepemilikan/ Eliminasi/
Establishment/ Percentage of Ownership Total Assets Before
Nama Entitas/ Domisili/ Bidang Usaha/ Commercial 2025 2024 Elimination
Name of Entity Domicile Scope of Activities Operations (%) (%) 2025 2024
PT Multi Kontrol Nusantara Jakarta Jasa informasi teknologi, 1984 99,93 99,93 551.283 437.275
(MKN) telekomunikasi, sistem
integrasi, multimedia dan
jaringan/
Information technology,
telecommunication, integration
system, multimedia and
network
Melalui VKTR / Through VKTR
PT Bakrie Autoparts (BA) Bekasi Pabrikasi besi cor dan 1976 99,99 99,99 814.820 761.414
komponen otomotif / Foundry
and automotive component
PT VKTR Sakti Industries (VSI) Magelang Industri karoseri kendaraan 2023 60,00 60,00 443.883 62.225
bermotor/Vehicle body industry
PT Sarana Ekomobilitas Jakarta Perdagangan besar suku 2023 51,00 51,00 1.021 1.013
Indonesia (SEI) cadang kendaraan bermotor/
Automotive components
wholesale
Melalui BPI/Through BPI
PT South East Asia Pipe Jakarta Pabrikasi pipa baja/ 2001 99,86 99,86 745.833 759.175
Industries (SEAPI) Steel pipe manufacturer
PT Bakrie Pipeline Indonesia Jakarta Konstruksi pipa / 2024 20,00 20,00 12.167 -
(BPIL) Pipe Construction
Melalui BA/Through BA
PT Braja Mukti Cakra (BMC) Bekasi Industri suku cadang 1986 50,00 50,00 330.283 302.347
kendaraan bermotor/
Automotive components
PT Bina Usaha Mandiri Tangerang Industri suku cadang 1986 99,90 99,90 74.579 77.655
Mizusawa kendaraan bermotor/
(BUMM) Automotive components
PT Bakrie Komponen Mobilitas Bekasi Industri suku cadang 2024 99,90 99,90 - -
(BKM) kendaraan bermotor/
Automotive components
Melalui BP/Through BP
PT Bakrie Darmakarya Energi Jakarta Pembangkit tenaga listrik/ 2011 98,00 98,00 467.474 467.051
(BDE) Energy and electrical power
PT Kuala Tanjung Power (KTP) Jakarta Pembangkit tenaga listrik/ 2010 99,00 99,00 2.863 2.862
Energy and electrical power
PT Helio Synar Energi (HSE) Jakarta Pembangkit tenaga listrik/ 2021 99,75 99,75 12.652 15.318
Energy and electrical power
PT Bakrie Energi Transisi (BET) Jakarta Pembangkit tenaga listrik/ 2023 99,00 99,00 10.000 10.000
(d/h PT Bakrie Solar Energi Energy and electrical power
(BSE))
Melalui BIN/Through BIN
PT Bakrie Mina Tirta d/h PT Jakarta Perdagangan umum/ 2017 30,00 30,00 10.165 10.166
Bakrie Mina Bahari (BMB) General trading
Melalui BTI/Through BTI
PT Cimanggis Cibitung Tollways Bekasi Pembangunan dan 2008 99,99 - 12.873.532 -
(CCT) Pengelolaan Jalan Tol/
Development and Management
Toll
Melalui MKN/Through MKN
PT Graha Multimedia Nusantara Jakarta Jasa internet dan TV kabel/ 2007 99,96 99,96 14.672 10.650
(GMN) Internet services and TV cable
PT Cipta Wisesa (CTW) Jakarta Perdagangan/Trading 2013 99,00 99,00 61.500 94.645
14
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Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
Tahun
Pendirian/
Kegiatan
Usaha/ Total Aset Sebelum
Year of Persentase Kepemilikan/ Eliminasi/
Establishment/ Percentage of Ownership Total Assets Before
Nama Entitas/ Domisili/ Bidang Usaha/ Commercial 2025 2024 Elimination
Name of Entity Domicile Scope of Activities Operations (%) (%) 2025 2024
Melalui CTW/Through CTW
PT System Energi Nusantara Jakarta Perdagangan umum/ 2008 99,00 99,00 48.511 69.288
(SEN) General trading
Melalui MSI/Through MSI
PT Modula Tiga Dimensi (MTD) Jakarta Jasa konstruksi/ 2022 80,00 80,00 16.115 -
Construction services
PT Cimanggis Cibitung Tollways PT Cimanggis Cibitung Tollways
Pada tanggal 28 November 2025, PT Bakrie Toll On November 28, 2025, PT Bakrie Toll Indonesia
Indonesia (BTI), Entitas Anak, mengakuisisi (BTI), a Subsidiary, acquired 72,000,000 shares in
72.000.000 saham PT Cimanggis Cibitung Tollways PT Cimanggis Cibitung Tollways (CCT) from
(CCT) dari PT Sarana Multi Infrastruktur (SMI) dan PT Sarana Multi Infrastruktur (SMI) and PT Waskita
PT Waskita Toll Road (WTR). Akuisisi tersebut juga Toll Road (WTR). Also part of the acquisition is CCT’s
mencakup pinjaman pemegang saham CCT dari SMI shareholder loan from SMI and WTR classified as
dan WTR yang diklasifikasikan sebagai komponen other equity component.
ekuitas lainnya.
Untuk mendapatkan substansi transaksi berdasarkan To reflect the substance of the transaction in
PSAK No. 103, “Kombinasi Bisnis”, aset teridentifikasi accordance with PSAK No. 103, “Business
yang diperoleh dan liabilitas yang diambil alih CCT Combinations”, the identifiable assets acquired and
pada transaksi ini harus diukur pada nilai wajarnya. liabilities assumed of CCT in this transaction were
Nilai wajar aset dan liabilitas CCT yang dapat measured at their fair values. The fair values of the
diidentifikasi pada tanggal pengambilalihan adalah identifiable assets and liabilities of CCT at the
sebagai berikut: acquisition date is as follows:
ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 280.816 Cash and cash equivalents
Piutang usaha - pihak ketiga 1.708 Trade receivables - third parties
Piutang lain-lain - neto Other receivables - net
Pihak ketiga 32.868 Third parties
Uang muka 264 Advances
Kas di bank yang dibatasi penggunaannya 487.612 Restricted cash in banks
Total Aset Lancar 803.268 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS
Piutang pihak berelasi - neto 66.553 Due from related parties - net
Aset tetap - neto 1.019 Fixed assets - net
Hak pengusahaan jalan tol - neto 15.018.572 Toll road concession right - net
Aset pajak tangguhan - neto 6.236 Deferred tax assets - net
Aset tidak lancar lainnya 58 Other non-current assets
Total Aset Tidak Lancar 15.092.438 Total Non-Current Assets
TOTAL ASET 15.895.706 TOTAL ASSETS
15
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
LIABILITAS LIABILITIES
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Utang usaha - pihak ketiga 468.711 Trade payables - third parties
Utang lain-lain - pihak ketiga 90 Other payables - third parties
Beban akrual 38.059 Accrued expenses
Utang pajak 195.397 Taxes payable
Liabilitas jangka panjang yang Current maturities of
jatuh tempo dalam satu tahun: long-term liabilities:
Pinjaman jangka panjang 1.960 Long-term loans
Liabilitas sewa 108 Lease liabilities
Total Liabilitas Jangka Pendek 704.325 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Utang lain-lain jangka panjang - pihak ketiga 1.149.082 Long-term other payables - third parties
Liabilitas imbalan pascakerja 316 Post-employment benefits liability
Provisi pelapisan jalan tol 29.663 Provision for toll overlay
Liabilitas jangka panjang - setelah
dikurangi bagian yang jatuh tempo Long-term liabilities - net of
dalam satu tahun: current maturities:
Pinjaman jangka panjang 9.695.140 Long-term loans
Total Liabilitas Jangka Panjang 10.874.201 Total Non-Current Liabilities
TOTAL LIABILITAS 11.578.526 TOTAL LIABILITIES
Nilai wajar diukur berdasarkan penilaian yang The fair values were determined based on valuation
dilakukan oleh penilai independen, Kantor Jasa performed by independent appraiser, Kantor Jasa
Penilai Publik (KJPP) Kusnanto dan Rekan dalam Penilai Publik (KJPP) Kusnanto & Rekan, as set out
laporannya tertanggal 2 Februari 2026. in its report dated February 2, 2026.
Selisih lebih nilai wajar terhadap total imbalan yang The excess of the fair values over the total
diahlikan disajikan sebagai keuntungan atas consideration transferred CCT shares is presented as
pembelian diskon dalam laporan laba rugi dan gain on bargain purchase in the consolidated
penghasilan komprehensif konsolidasian ringkas statements of profit or loss and other comprehensive
proforma. Perhitungan laba atas pembelian diskon income. The gain on bargain purchase is calculated
adalah sebagai berikut: as follows:
Imbalan yang dialihkan terdiri dari: Consideration transferred consists of:
Nilai wajar investasi pada saham CCT Fair value of investment in shares of
sebelum kombinasi bisnis 215.859 CCT before business combination
Imbalan tunai 3.565.335 Cash consideration
Total imbalan yang dialihkan 3.781.194 Total consideration transferred
Nilai wajar: Fair values of:
Aset teridentifikasi yang diperoleh 15.895.706 Identifiable assets acquired
Liabilitas teridentifikasi yang diambil alih (11.578.526) Identifiable liabilities assumed
Bagian kepentingan nonpengendali (215.859) Non-controlling interest portion
Nilai wajar aset neto teridentifikasi Fair values of identifiable
yang diperoleh 4.101.321 net assets acquired
Keuntungan atas pembelian diskon (320.127) Gain on bargain purchase
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
Keuntungan atas pembelian diskon yang timbul dari The gain on bargain purchase arising from business
kombinasi bisnis disebabkan oleh imbalan yang combination resulted from the consideration
dialihkan lebih rendah daripada nilai wajar aset neto transferred being lower than the fair value of the
teridentifikasi yang diperoleh. identifiable net assets acquired.
Pada tanggal 15 Desember 2025, Perusahaan On December 15, 2025, the Company entered into a
menandatangani Perjanjian Jual Beli Saham dengan Sale and Purchase of Shares Agreement with BTI to
BTI untuk menjual 3.999.999 lembar saham (angka sell 3,999,999 shares (full amount) of CCT
penuh) CCT yang mewakili 5% kepemilikan di CCT. repesenting 5% ownership in CCT.
Pada tanggal 31 Desember 2025, persentase As of December 31, 2025, the percentage of
kepemilikan BTI di CCT adalah 99,99%. ownership of BTI in CCT is 99.99%
PT Bakrie Building Industries PT Bakrie Building Industries
Pada tanggal 20 Desember 2024, kepemilikan On December 20, 2024, the Company’s ownership
kepentingan Perusahaan atas PT Bakrie Building interest in PT Bakrie Building Industries (BBI)
Industries (BBI) menurun dari 99,99% menjadi 8,00% decreased from 99.99% to 8.00% due to the
sehubungan dengan penurunan modal dasar, decrease in authorized, issued and fully paid capital
ditempatkan dan disetor BBI. Sebagai dampak, of BBI. As a result, the Company lost control over
Perusahaan kehilangan pengendalian atas BBI dan BBI, and has been deconsolidated from the Group’s
tidak mengkonsolidasikan dalam laporan keuangan consolidated financial statements.
konsolidasian Grup.
Sebagai dampak dari hilangnya pengendalian As a result of the Company losing control over
Perusahaan atas BBI, Perusahaan mengakui BBI, the Company recognized loss from dilution
kerugian dari dilusi sebesar Rp280,4 miliar, yang amounting to Rp280.4 billion, which is presented in
disajikan pada laporan laba rugi dan komprehensif the consolidated statements of profit or loss and other
lain konsolidasian sebagai “Kerugian atas dilusi comprehensive income as “Loss on dilution of
investasi pada entitas anak”. investment in subsidiary”.
Rincian perhitungan kerugian neto yang The net loss associated with the loss of control in BBI
diasosiasikan dengan hilangnya pengendalian atas is calculated as follows:
BBI sebagai berikut:
Nilai wajar investasi yang ditahan 1 Fair value of retained investment
Nilai wajar pembayaran yang diterima 272.356 Fair value of consideration received
Jumlah tercatat kepentingan nonpengendali - Carrying value of non-controlling interest
Total 272.357 Total
Dikurangi aset neto BBI 552.711 Less net assets of BBI
Kerugian atas dilusi investasi (280.354) Loss from dilution of investment
Golden Sands Oasis Ltd. Golden Sands Oasis Ltd.
Berdasarkan Akta Pendirian tanggal 9 Mei 2024, Based on the Deed of Establishment dated
Perusahaan mendirikan Golden Sands Oasis Ltd, May 9, 2024, the Company established Golden
perusahaan yang bergerak di bidang investasi yang Sands Oasis Ltd, a company engaged in investment
berkedudukan Kepulauan Virgin Britania. and domiciled in the British Virgin Islands.
PT Bakrie Pipeline Indonesia PT Bakrie Pipeline Indonesia
Berdasarkan Akta Notaris No. 53 oleh Notaris Putu Based on Notarial Deed No. 53 of Notary Putu Asti
Asti Nurtjahjati, S.H., tanggal 23 Oktober 2024, Nurtjahjati, S.H., M.Kn., dated October 23, 2024,
PT Bakrie Metal Industries (BMI), Entitas Anak, PT Bakrie Metal Industries (BMI), a Subsidiary,
mendirikan BPIL dan telah mendapatkan pengesahan established BPIL and has been approved by the
dari Menteri Hukum dan Hak Asasi Manusia Republik Ministry of Law and Human Rights of the Republic of
Indonesia berdasarkan Surat Keputusan No. AHU- Indonesia based on the Decision Letter No. AHU-
0085671.AH.01.01 Tahun 2024 tanggal 29 Oktober 0085671.AH.01.01 Year 2024 dated October 29,
2024. 2024.
17
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 491
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
PT Bakrie Komponen Mobilitas PT Bakrie Komponen Mobilitas
Berdasarkan Akta Notaris No. 818 oleh Notaris Based on Notarial Deed No. 818 of Notary Ilham
Ilham Adiansyah, S.H., M.Kn., tanggal Adiansyah, S.H., M.Kn., dated March 27, 2024,
27 Maret 2024, BA mendirikan BKM dan telah BA established BKM and has been approved
mendapatkan pengesahan dari Menteri Hukum dan by the Ministry of Law and Human Rights of the
Hak Asasi Manusia Republik Indonesia berdasarkan Republic of Indonesia based on the Decision Letter
Surat Keputusan No. AHU-0024560.AH.01.01 Tahun No. AHU-0024560.AH.01.01 Year 2024 dated
2024 tanggal 1 April 2024. April 1, 2024.
PT VKTR Teknologi Mobilitas Tbk PT VKTR Teknologi Mobilitas Tbk
Pada tahun 2024, Perusahaan menyelesaikan In 2024, the Company partially settled several loans
beberapa pinjaman dengan menggunakan saham using VKTR shares which reduced the Company’s
VKTR yang menyebabkan kepemilikan Perusahaan share ownership in VKTR from 56.94% to 30.41%.
di VKTR turun dari 56,94% menjadi 30,41%. The excess resulting from the dilution of ownership
Kelebihan yang diperoleh dari penurunan kepemilikan has been recorded under difference from equity
telah dicatat pada akun selisih transaksi ekuitas transactions with non-controlling interests (Note 30).
dengan pihak nonpengendali (Catatan 30).
Pada tahun 2025, Perusahaan menyelesaikan In 2025, the Company partially settled several loans
beberapa pinjaman (Catatan 19 dan 26) dengan using VKTR shares (Notes 19 and 26) which reduced
menggunakan saham VKTR yang menyebabkan the Company’s share ownership in VKTR from
kepemilikan Perusahaan di VKTR turun dari 30,41% 30.41% to24.40%. The excess resulting from
menjadi 24,40%. Kelebihan yang diperoleh dari the dilution of ownership has been recorded under
penurunan kepemilikan telah dicatat pada akun difference from equity transactions with
selisih transaksi ekuitas dengan pihak nonpengendali non-controlling interests (Note 30).
(Catatan 30).
d. Dewan Komisaris dan Direksi, Komite Audit dan d. Boards of Commissioners and Directors, Audit
Karyawan Committee and Employees
Pada tanggal 31 Desember 2025 dan 2024, susunan As of December 31, 2025 and 2024, the members of
Dewan Komisaris dan Direksi Perusahaan adalah the Company’s Boards of Commissioners and
sebagai berikut: Directors are as follows:
2025 2024
Dewan Komisaris Board of Commissioners
Komisaris Utama Armansyah Yamin Armansyah Yamin President Commissioner
Komisaris Independen Raniwati Raniwati Independent Commissioner
Komisaris Independen Adrian Toho Parada Independent Commissioner
Panggabean -
Komisaris Syailendra S. Bakrie - Commissioner
Komisaris Adika Aryasthana Bakrie - Commissioner
Direksi Board of Directors
Direktur Utama Anindya Novyan Bakrie Anindya Novyan Bakrie President Director
Wakil Direktur Utama Anindra Ardiansyah Bakrie Anindra Ardiansyah Bakrie Vice President Director
Direktur Hendrajanto Marta Sakti Hendrajanto Marta Sakti Director
Direktur R.A. Sri Dharmayanti R.A. Sri Dharmayanti Director
Direktur Kartini Sally Kartini Sally Director
Selain Dewan Komisaris dan Direksi, personil Aside from the Boards of Commissioners
manajemen kunci Perusahaan terdiri dari pimpinan and Directors, the Company’s key personnel consist
dari masing-masing departemen seperti investasi, of chief officers in each department such as
pengembangan strategis dan komunikasi investment, strategic development and corporate
perusahaan. communications.
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
Pembentukan Komite Audit Perusahaan mengacu The Company’s Audit Committee is set to conform
pada POJK No. 55/POJK.04/2015, dimana susunan with OJK Regulation No. 55/POJK.04/2015, whereas
anggota Komite Audit pada tanggal 31 Desember the members of the Audit Committee as of
2025 dan 2024 adalah sebagai berikut: December 31, 2025 and 2024, are as follows:
2025 2024
Ketua Adrian Toho Parada Raniwati Chairman
Panggabean
Anggota Raniwati Irwan Sjarkawi Member
Anggota Arief A. Dhani Arief A. Dhani Member
Anggota A. Kristiyanto - Member
Wahyu Indriya
Pada tanggal 31 Desember 2025 dan 2024, Grup As of December 31, 2025 and 2024, the Group
mempekerjakan masing-masing 2.654 karyawan dan employed 2,654 staffs and 2,965 staffs, respectively
2.965 karyawan (tidak diaudit). (unaudited).
e. Penyelesaian Laporan Keuangan Konsolidasian e. Completion of the Audit Consolidated Financial
Audit Statements
Manajemen Perusahaan bertanggung jawab atas The management of the Company is responsible of
penyusunan laporan keuangan konsolidasian ini, the preparation of these consolidated financial
yang telah disetujui oleh Direksi untuk diterbitkan statements, which have been authorized for issue by
pada tanggal 6 April 2026. the Board of Directors on April 6, 2026.
2. PERNYATAAN KEPATUHAN 2. STATEMENT OF COMPLIANCE
Laporan keuangan konsolidasian telah disusun sesuai The consolidated financial statements have been
dengan Standar Akuntansi Keuangan (SAK), yang prepared in accordance with Financial Accounting
mencakup Pernyataan dan Interpretasi yang diterbitkan Standards (SAK), which comprise the Statements and
oleh Dewan Standar Akuntansi Keuangan Ikatan Interpretations issued by the Board of Financial
Akuntan Indonesia dan Dewan Standar Akuntansi Accounting Standards of the Indonesian Institute of
Syariah Ikatan Akuntan Indonesia, serta peraturan Accountants and Board of Syariah Financial Accounting
regulator pasar modal. Standards of the Indonesian Institute of Accountants,
and capital market regulations.
3. KEBIJAKAN AKUNTANSI MATERIAL 3. MATERIAL ACCOUNTING POLICIES
a. Dasar Penyusunan Laporan Keuangan a. Basis of Preparation of the Consolidated
Konsolidasian Financial Statements
Kebijakan akuntansi penting yang diterapkan dalam The principal accounting policies applied in
penyusunan laporan keuangan konsolidasian ini the preparation of these consolidated financial
adalah selaras dengan kebijakan akuntansi yang statements are consistent with the accounting
diterapkan dalam penyusunan laporan keuangan policies applied in the preparation of the Group’s
konsolidasian Grup untuk tahun yang berakhir pada consolidated financial statements for the year ended
tanggal 31 Desember 2024, kecuali untuk penerapan December 31, 2024, except for the adoption of
amendemen standar akuntansi yang berlaku efektif amended accounting standards effective January 1,
tanggal 1 Januari 2025 seperti yang dijelaskan dalam 2025 as described in the related accounting policies.
kebijakan akuntansi terkait.
Efektif tanggal 1 Januari 2025, Grup menerapkan Effective January 1, 2025, the Group has applied the
amendemen Pernyataan Standar Akuntansi following amendment to Statements of Financial
Keuangan (PSAK) berikut ini: Accounting Standards (PSAK):
- Amendemen PSAK 221 “Pengaruh Perubahan - Amendment to PSAK 221, “The Effects of
Kurs Valuta Asing”, tentang kekurangan Changes in Foreign Exchange Rates” about lack
ketertukaran. of exchangeability.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 493
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Penerapan amendemen ini tidak berdampak The adoption of this amendment had no impact on
terhadap laporan keuangan konsolidasian Grup. the Group’s consolidated financial statements.
Laporan keuangan konsolidasian, kecuali laporan The consolidated financial statements, except for the
arus kas konsolidasian, telah disusun secara akrual consolidated statements of cash flows, have been
dengan menggunakan konsep biaya perolehan prepared on an accrual basis of accounting using the
(historical cost), kecuali untuk akun-akun tertentu historical cost concept, except for certain accounts
yang diukur berdasarkan basis lain seperti yang that are measured on the other bases as described in
dijelaskan dalam kebijakan akuntansi terkait. the related accounting policies.
Laporan arus kas konsolidasian disusun dengan The consolidated statements of cash flows are
menggunakan metode langsung, dan dikelompokkan prepared using the direct method, and classified
ke dalam aktivitas operasi, investasi dan into operating, investing and financing activities.
pendanaan. Pengungkapan tambahan disajikan Additional disclosure is presented to evaluate
untuk mengevaluasi perubahan pada liabilitas yang changes in liabilities arising from financing activities,
timbul dari aktivitas pendanaan, termasuk perubahan including the changes arising from cash flows or non-
yang timbul dari arus kas maupun perubahan nonkas. cash changes.
Mata uang penyajian yang digunakan dalam The presentation currency used in the preparation of
penyusunan laporan keuangan konsolidasian adalah the consolidated financial statements is Indonesian
mata uang Rupiah (Rp), yang juga merupakan mata Rupiah (Rp), which is also the functional currency of
uang fungsional Perusahaan dan Entitas Anak the Company and certain Subsidiaries.
tertentu.
b. Prinsip-prinsip Konsolidasi b. Principles of Consolidation
Entitas (entitas induk) yang mengendalikan satu atau An entity (the parent) that controls one or more other
lebih entitas lain (entitas anak) menyajikan laporan entities (subsidiaries) present consolidated financial
keuangan konsolidasian. Investor, terlepas dari sifat statements. Investors, apart from the nature of their
keterlibatannya dengan entitas (investee), involvement with an entity (investee), determine
menentukan apakah investor merupakan entitas whether they are a parent by assessing or they
induk dengan menilai atau investor tersebut controls the investee.
mengendalikan investee.
Investor mengendalikan investee ketika investor An investor controls an investee when it is exposed,
terekspos atau memiliki hak atas imbal hasil variabel or has rights, to variable returns from its involvement
dari keterlibatannya dengan investee dan memiliki with the investee and has the ability to affect those
kemampuan untuk memengaruhi imbal hasil tersebut returns through its power over the investee.
melalui kekuasaannya atas investee. Dengan Therefore, the investor controls the investee if, and
demikian, investor mengendalikan investee jika, dan only if, it has all of the following:
hanya jika, investor memiliki seluruh hal berikut ini:
(a) kekuasaan atas investee; (a) power over the investee;
(b) eksposur atau hak atas imbal hasil variabel dari (b) exposure or rights to variable returns from its
keterlibatannya dengan investee; dan involvement with the investee; and
(c) kemampuan untuk menggunakan kekuasaannya (c) the ability to use its power over the investee to
atas investee untuk memengaruhi jumlah imbal affect the amount of the investor’s returns.
hasil investor.
Investor menilai kembali apakah investor An investor reassess whether it controls an investee if
mengendalikan investee jika fakta dan keadaan facts and circumstances indicate that one or more of
mengindikasikan adanya perubahan terhadap satu the three (3) control elements have changed.
atau lebih dari tiga (3) elemen pengendalian.
Konsolidasi atas investee dimulai sejak tanggal Investee is consolidated from the date the investor
investor memperoleh pengendalian atas investee dan obtains control of investee and continues to be
berakhir ketika investor kehilangan pengendalian atas consolidated until the date that such control ceases.
investee.
Entitas induk menentukan apakah entitas induk A parent determines whether it is an investment
adalah entitas investasi. Entitas investasi adalah entity. An investment entity is an entity that:
entitas yang:
(a) memperoleh dana dari satu atau lebih investor (a) obtains funds from one or more investors for the
dengan tujuan memberikan investor tersebut purpose of providing investment management
jasa manajemen investasi; services;
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 494
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
(b) menyatakan komitmen kepada investor bahwa (b) provides commitment to investors that the
tujuan bisnisnya adalah untuk menginvestasikan business purpose is to invest funds solely for
dana yang semata-mata untuk memperoleh returns from capital appreciation, investment
imbal hasil dari kenaikan nilai modal, income, or both; and
penghasilan investasi, atau keduanya; dan
(c) mengukur dan mengevaluasi kinerja dan seluruh (c) measures and evaluates the performance of its
investasinya berdasarkan nilai wajar. investments on a fair value basis.
Entitas induk yang adalah entitas investasi mengukur A parent that is an investment entity measures its
investasi dalam entitas anak pada nilai wajar melalui investments in particular subsidiaries at fair value
laba rugi. through profit or loss.
Kepentingan nonpengendali mencerminkan bagian Non-controlling interest represents a portion of
atas laba rugi dan aset neto yang tidak diatribusikan the profit or loss and net assets not attributable to
kepada entitas induk dan disajikan secara terpisah the parent and is presented separately in the
dalam laporan laba rugi dan penghasilan consolidated statement of profit or loss and other
komprehensif lain konsolidasian dan ekuitas pada comprehensive income and within equity in the
laporan posisi keuangan konsolidasian, dipisahkan consolidated statements of financial position,
dari ekuitas yang dapat diatribusikan kepada entitas separately from equity attributable to the parent.
induk.
Total penghasilan komprehensif lain diatribusikan Total other comprehensive income is attributed to the
kepada pemilik entitas induk dan kepentingan owners of the parent and to the non-controlling
nonpengendali bahkan jika hal ini mengakibatkan interests even if this results in the non-controlling
kepentingan nonpengendali mempunyai saldo defisit. interests having a deficit balance.
Seluruh saldo akun dan transaksi yang material antar All significant intercompany transactions and
entitas yang dikonsolidasi telah dieliminasi. balances have been eliminated.
Perubahan Bagian Kepemilikan Changes in the Ownership Interests
Perubahan dalam bagian kepemilikan entitas induk Changes in a parent’s ownership interest in a
pada entitas anak yang tidak mengakibatkan subsidiary that do not result in a loss of control are
hilangnya pengendalian dicatat sebagai transaksi accounted for as equity transactions, in which the
ekuitas, dimana jumlah tercatat kepentingan carrying amount of the controlling and non-controlling
pengendali dan nonpengendali disesuaikan untuk interests are adjusted to reflect the changes in their
mencerminkan perubahan bagian relatifnya atas relative interests in the subsidiary. The difference
entitas anak. Perbedaan antara jumlah kepentingan between the amount by which the non-controlling
nonpengendali disesuaikan dan nilai wajar imbalan interests are adjusted and the fair value of the
yang diberikan atau diterima diakui secara langsung consideration paid or received is recognized directly
dalam ekuitas dan diatribusikan pada pemilik entitas in equity and attributed to the owners of the parent.
induk.
Jika entitas induk kehilangan pengendalian pada If a parent loses control of a subsidiary, the parent:
entitas anak, maka entitas induk:
(a) menghentikan pengakuan aset (termasuk setiap (a) derecognizes the assets (including goodwill) and
goodwill) dan liabilitas entitas anak terdahulu dari liabilities of the former subsidiary from the
laporan posisi keuangan konsolidasian; consolidated statements of financial position;
(b) mengakui sisa investasi pada entitas anak (b) recognizes any investment retained in the former
terdahulu pada nilai wajarnya pada tanggal subsidiary at its fair value at the date when
hilangnya pengendalian, dan selanjutnya control is lost, and subsequently accounts for it
mencatat sisa investasi tersebut dan setiap and for any amounts owed by or to the former
jumlah terutang oleh atau kepada entitas anak subsidiary. That fair value shall be regarded as
terdahulu. Nilai wajar tersebut dianggap sebagai the fair value on initial recognition of a financial
nilai wajar pada saat pengakuan awal aset asset or, if appropriate, the cost on initial
keuangan atau, jika sesuai, biaya perolehan recognition of an investment in an associate or
pada saat pengakuan awal investasi pada entitas joint venture; and
asosiasi atau ventura bersama; dan
(c) mengakui keuntungan atau kerugian terkait (c) recognizes the gain or loss associated with the
dengan hilangnya pengendalian yang dapat loss of control attributable to the former
diatribusikan pada kepentingan pengendali controlling interest.
terdahulu.
21
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
c. Kombinasi Bisnis c. Business Combinations
Kombinasi bisnis dicatat dengan menggunakan Business combinations are accounted for using the
metode akuisisi. acquisition method.
Jika aset yang diperoleh bukan suatu bisnis, maka If the asset acquired is not a business, the Group
Grup mencatatnya sebagai akuisisi aset. Biaya accounts for it as asset acquisition. The cost of an
perolehan dari sebuah akuisisi diukur berdasarkan acquisition is measured as the aggregate of the
nilai agregat imbalan yang dialihkan yang diukur pada consideration transferred measured at acquisition
nilai wajar tanggal akuisisi dan jumlah setiap date fair value and the amount of any non-controlling
kepentingan nonpengendali pada pihak yang interests in the acquiree. For each business
diakuisisi. Untuk setiap kombinasi bisnis, Grup combination, the Group elects whether to measure
memilih mengukur kepentingan nonpengendali pada the non-controlling interests in the acquiree at fair
pihak yang diakuisisi baik pada nilai wajar atau pada value or at the proportionate share of the acquiree’s
bagian proporsional dari aset neto yang teridentifikasi identifiable net assets. Acquisition-related costs are
dari pihak diakuisisi. Biaya terkait akuisisi dibebankan expensed as incurred and recognized in profit or loss.
pada saat terjadi dan diakui dalam laba rugi.
Jika kombinasi bisnis dilakukan secara bertahap, If the business combination is achieved in stages, any
setiap kepentingan ekuitas yang dimiliki sebelumnya previously held equity interest is remeasured at its
diukur kembali pada nilai wajar tanggal akuisisi dan acquisition date fair value and any resulting gain or
setiap keuntungan atau kerugian yang dihasilkan loss is recognized in profit or loss.
diakui dalam laba rugi.
Setiap imbalan kontinjensi yang dialihkan oleh pihak Any contingent consideration to be transferred by the
pengakuisisi diakui pada nilai wajar pada tanggal acquirer will be recognized at fair value at the
akuisisi. Imbalan kontinjensi, yang diklasifikasikan acquisition date. Contingent consideration, classified
sebagai aset atau liabilitas yang merupakan as an asset or liability that is a financial instrument
instrumen keuangan dan termasuk dalam ruang and within the scope of PSAK 109, “Financial
lingkup PSAK 109, “Instrumen Keuangan”, diukur Instruments”, is measured at fair value with the
pada nilai wajar dengan perubahan pada nilai wajar changes in fair value recognized either in profit or
diakui baik dalam laba rugi atau penghasilan loss or other comprehensive income. If the contingent
komprehensif lain. Jika imbalan kontinjensi tidak consideration is not within the scope of PSAK 109, it
termasuk dalam ruang lingkup PSAK 109, maka is measured in accordance with the appropriate
diukur dengan PSAK yang sesuai. Imbalan PSAK. Contingent consideration classified as equity
kontinjensi yang diklasifikasikan sebagai ekuitas tidak is not remeasured and subsequent settlement is
diukur kembali dan penyelesaian selanjutnya dicatat accounted for within equity.
dalam ekuitas.
Goodwill pada awalnya diakui sebesar biaya Goodwill is initially measured at cost, being the
perolehan, menjadi selisih lebih nilai gabungan dari excess of the aggregate of the consideration
imbalan yang dialihkan dan jumlah yang diakui untuk transferred and the amount recognized for non-
kepentingan nonpengendali, dan setiap kepentingan controlling interests, and any previous interest
yang dimiliki sebelumnya, atas jumlah neto aset held, over the net identifiable assets acquired
teridentifikasi yang diperoleh dan liabilitas yang and liabilities assumed. If the fair value of the net
diambil-alih. Dalam kasus pembelian dengan diskon, assets acquired is in excess of the aggregate
jika nilai wajar atas aset neto yang diakuisisi melebihi consideration transferred in the case of a bargain
nilai gabungan imbalan yang dialihkan, maka selisih purchase, the difference is recognized directly in
tersebut diakui langsung dalam laba rugi. profit or loss.
Setelah pengakuan awal, goodwill diukur pada biaya After initial recognition, goodwill is measured at cost
perolehan dikurangi akumulasi rugi penurunan nilai. less any accumulated impairment losses. For the
Untuk tujuan pengujian penurunan nilai, goodwill purpose of impairment testing, goodwill acquired in a
yang diperoleh dari suatu kombinasi bisnis, sejak business combination, from the acquisition date, is
tanggal akuisisi, dialokasikan ke setiap unit penghasil allocated to each of the Group’s cash-generating
kas dari Grup yang diharapkan bermanfaat untuk units that are expected to benefit from the
kombinasi tersebut, terlepas dari apakah aset atau combination, irrespective of whether other assets or
liabilitas lain dari pihak yang diakuisisi ditetapkan ke liabilities of the acquiree are assigned to those units.
unit-unit tersebut.
22
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Jika goodwill yang telah dialokasikan pada suatu unit If goodwill has been allocated to a cash-generating
penghasil kas dan bagian operasi atas unit tersebut unit and part of the operation within that unit is
dilepas, maka goodwill yang terkait dengan operasi disposed of, the goodwill associated with the
yang dilepas tersebut dimasukkan ke dalam jumlah disposed of operation is included in the carrying
tercatat operasi ketika menentukan keuntungan atau amount of the operation when determining the gain or
kerugian dari pelepasan. Goodwill yang dilepas loss on disposal. Goodwill disposed of in these
dalam keadaan tersebut diukur berdasarkan nilai circumstances is measured based on the relative
relatif operasi yang dilepas dan porsi unit penghasil values of the disposed of operation and the portion of
kas yang ditahan. the cash-generating unit retained.
d. Instrumen Keuangan d. Financial Instruments
1. Aset Keuangan 1. Financial Assets
Pengakuan Awal Initial Recognition
Aset keuangan pada awalnya diakui sebesar nilai Financial assets are recognized initially at fair
wajarnya ditambah biaya transaksi. Grup value plus transaction costs. The Group classifies
mengklasifikasikan aset keuangan menjadi: its financial assets in the following categories:
(i) aset keuangan yang diukur dengan biaya (i) financial assets measured at amortized cost;
perolehan diamortisasi; (ii) aset keuangan yang (ii) financial assets at fair value through other
diukur pada nilai wajar melalui penghasilan comprehensive income (FVOCI); and (iii) financial
komprehensif lain (FVOCI); dan (iii) aset assets at fair value through profit or loss (FVTPL).
keuangan yang ditetapkan untuk diukur pada nilai Classification and measurement of financial
wajar melalui laba rugi (FVTPL). Klasifikasi dan assets are based on business model and
pengukuran aset keuangan harus didasarkan contractual cash flows.
pada bisnis model dan arus kas kontraktual.
Grup menentukan klasifikasi aset keuangan The Group determines the classification of its
tersebut pada pengakuan awal dan tidak financial assets at initial recognition and does not
melakukan perubahan atas klasifikasi yang telah change the classification already made.
dibuat.
Pengukuran Selanjutnya Subsequent Measurement
• Aset keuangan yang diukur dengan biaya • Financial assets measured at amortized cost
diamortisasi
Aset keuangan diklasifikasikan sebagai aset Financial assets are classified as financial
keuangan yang diukur dengan biaya perolehan assets measured at amortized cost where the
diamortisasi dimana aset keuangan dikelola financial assets are held within the business
dalam model bisnis yang bertujuan untuk model whose objective is to hold financial
memiliki aset keuangan dalam rangka assets in order to collect contractual cash
mendapatkan arus kas kontraktual. Aset flows. Financial assets measured at amortized
keuangan yang diukur dengan biaya perolehan cost are recognized initially at fair value plus
diamortisasi pada awalnya diakui sebesar nilai transaction costs and subsequently measured
wajarnya ditambah dengan biaya-biaya at amortized cost using the effective interest
transaksi dan selanjutnya diukur pada biaya rate method.
perolehan diamortisasi dengan menggunakan
metode suku bunga efektif.
• Aset keuangan yang diukur dengan FVOCI • Financial assets measured at FVOCI
Aset keuangan berupa instrumen utang Financial assets in debt instruments are
diklasifikasikan sebagai aset keuangan FVOCI classified as at FVOCI if they are held in a
jika aset keuangannya dimiliki dalam model business model whose objective is achieved
bisnis yang tujuannya dicapai dengan by both collecting contractual cash flows and
mengumpulkan arus kas kontraktual dan selling financial assets.
menjual aset keuangan.
23
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
Page 497
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Untuk aset keuangan berupa instrumen ekuitas For financial assets in equity instruments
dimana Grup memilih opsi FVOCI, maka where the Group opts for the FVOCI option,
keuntungan dan kerugian dari aset keuangan gains and losses are never reclassified to profit
ini tidak pernah direklasifikasi ke laba rugi. or loss.
• Aset keuangan yang diukur dengan FVTPL • Financial assets measured at FVTPL
Aset keuangan diklasifikasikan sebagai FVTPL Financial assets are classified as at FVTPL if
jika aset keuangan tersebut tidak memenuhi those financial assets do not meet the criteria
kriteria sebagai aset keuangan yang diukur for financial assets measured at amortized cost
dengan biaya perolehan diamortisasi dan and FVOCI.
FVOCI.
Penurunan Nilai Aset Keuangan Impairment of Financial Assets
Pada setiap periode pelaporan, Grup menilai At each reporting date, the Group assesses
apakah risiko kredit dari instrumen keuangan telah whether the credit risk on a financial instrument
meningkat secara signifikan sejak pengakuan has increased significantly since initial recognition.
awal. Ketika melakukan penilaian, Grup When making the assessment, the Group uses
menggunakan perubahan atas risiko gagal bayar the change in the risk of a default occurring over
yang terjadi sepanjang perkiraan umur instrumen the expected life of the financial instrument
keuangan daripada perubahan atas jumlah instead of the change in the amount of expected
kerugian kredit ekspektasian. credit losses.
Dalam melakukan penilaian tersebut, Grup To make that assessment, the Group compares
membandingkan antara risiko gagal bayar yang the risk of a default occurring on the financial
terjadi atas instrumen keuangan pada saat instrument as at the reporting date with the risk of
periode pelaporan dengan risiko gagal bayar yang a default occurring on the financial instrument as
terjadi atas instrumen keuangan pada saat at the date of initial recognition, considering
pengakuan awal, yang mempertimbangkan reasonable and supportable information that is
kewajaran serta ketersediaan informasi, yang available without undue cost or effort at the
tersedia tanpa biaya atau usaha yang tidak reporting date about past events, current
semestinya pada saat tanggal pelaporan terkait conditions and forecasts of future economic
dengan kejadian masa lalu, kondisi terkini dan conditions, which is indicative of significant
perkiraan atas kondisi ekonomi di masa depan, increases in credit risk since initial recognition.
yang mengindikasikan kenaikan signifikan risiko
kredit sejak pengakuan awal.
Grup menerapkan metode yang disederhanakan The Group applies a simplified approach to
untuk mengukur kerugian kredit ekspektasian. measure expected credit loss.
Penghentian Pengakuan Aset Keuangan Derecognition of Financial Assets
Grup menghentikan pengakuan aset keuangan The Group derecognizes financial assets if, and
jika, dan hanya jika: hak kontraktual atas arus kas only if: the contractual rights to the cash flows
yang berasal dari aset keuangan tersebut from the financial asset expire; or the contractual
berakhir; atau mengalihkan hak kontraktual untuk rights to receive the cash flows of the financial
menerima arus kas yang berasal dari aset asset are transferred; or the contractual rights to
keuangan; atau tetap memiliki hak kontraktual receive the cash flows of the financial asset are
untuk menerima arus kas yang berasal dari aset retained but a contractual obligation is assumed to
keuangan namun juga menanggung kewajiban pay those cash flows to one or more recipients in
kontraktual untuk membayar arus kas yang an arrangement that meets certain conditions.
diterima tersebut kepada satu atau lebih pihak When the Group transfers a financial asset, it
penerima melalui suatu kesepakatan yang evaluates the extent to which it retains the risks
memenuhi persyaratan tertentu. Ketika Grup and rewards of ownership of the financial asset.
mengalihkan aset keuangan, maka Grup
mengevaluasi sejauh mana Grup tetap memiliki
risiko dan manfaat atas kepemilikan aset
keuangan tersebut.
24
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
2. Liabilitas Keuangan dan Instrumen Ekuitas 2. Financial Liabilities and Equity Instruments
Pengakuan Awal Initial Recognition
Grup mengklasifikasikan seluruh liabilitas The Group determines the classification of its
keuangannya pada saat pengakuan awal. Grup financial liabilities at initial recognition. The Group
memiliki liabilitas keuangan yang diklasifikasikan has financial liabilities classified into the financial
dalam liabilitas keuangan yang diukur dengan liabilities measured at amortized cost. All financial
biaya perolehan diamortisasi. Seluruh liabilitas liabilities are recognized initially at fair value and,
keuangan diakui pada awalnya sebesar nilai wajar in the case of loans and borrowings, inclusive of
dan, dalam hal pinjaman dan utang, termasuk directly attributable transaction costs.
biaya transaksi yang dapat diatribusikan secara
langsung.
Pengukuran Selanjutnya Subsequent Measurement
Setelah pengakuan awal, liabilitas keuangan After initial recognition, financial liabilities in this
dalam kategori ini selanjutnya diukur pada biaya category are subsequently measured at amortized
perolehan diamortisasi dengan menggunakan cost using the effective interest method. The
metode suku bunga efektif. Amortisasi suku amortization of the effective interest rate is
bunga efektif termasuk di dalam biaya keuangan included in finance costs in the profit or loss.
dalam laporan laba rugi.
Penghentian Pengakuan Liabilitas Keuangan Derecognition of Financial Liabilities
Grup menghentikan pengakuan liabilitas The Group derecognizes financial liabilities if, and
keuangan jika, dan hanya jika, kewajiban Grup only if, the Group’s obligations are discharged,
dilepaskan, dibatalkan atau kedaluwarsa. cancelled or expired.
3. Instrumen Derivatif 3. Derivative Instruments
Instrumen derivatif dicatat pada pengakuan awal Derivative instruments are initially recognized at
sebesar nilai wajar pada tanggal perjanjian fair value as at the date a derivative contract is
derivatif ditandatangani dan diukur kembali setiap entered into and are subsequently remeasured to
akhir periode laporan. Derivatif dicatat sebagai their fair value at each end of reporting period.
aset keuangan saat nilai wajar positif dan liabilitas Derivatives are carried as financial assets when
keuangan saat nilai wajar negatif. the fair value is positive and as financial liabilities
when the fair value is negative.
Derivatif melekat disajikan dengan kontrak Embedded derivative is presented with the host
utamanya pada laporan posisi keuangan contract on the consolidated statements of
konsolidasian yang mencerminkan penyajian yang financial position which represents an appropriate
memadai atas seluruh arus kas pada masa presentation of overall future cash flows for the
datang dari instrumen tersebut secara instrument taken as a whole. Derivatives
keseluruhan. Derivatif yang melekat pada embedded in other financial instruments or other
instrumen keuangan atau kontrak awal host contracts are treated as separate derivatives
diperlakukan sebagai derivatif yang berbeda saat when their risks and characteristics are not closely
risiko dan karakteristiknya tidak saling related to those of the host contracts and the host
berhubungan dengan kontrak utamanya dan contracts are not measured at fair value with
kontrak utama tersebut tidak diukur dengan nilai changes in fair value recognized in profit or loss.
wajar serta perubahan pada nilai wajar diakui
dalam laba rugi.
Derivatif disajikan sebagai aset tidak lancar atau A derivative is presented as a non-current asset or
liabilitas jangka panjang jika sisa periode jatuh a non-current liability if the remaining maturity of
tempo dari instrumen tersebut lebih dari dua belas the instrument is more than twelve (12) months
(12) bulan dan tidak diharapkan untuk direalisasi and it is not expected to be realized or settled
atau diselesaikan dalam jangka waktu dua belas within twelve (12) months.
(12) bulan.
25
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Keuntungan atau kerugian yang timbul dari Gains or losses arising from changes in the fair
perubahan nilai wajar instrumen derivatif diakui value of the derivative instrument are recognized
sebagai laba tahun berjalan, kecuali seluruh currently in earnings, unless meeting all the
persyaratan khusus (yaitu, dokumen formal, specific requirements (i.e., formal documentation,
penetapan dan pengukuran keefektifan transaksi) designation and assessment of the effectiveness
untuk diakui sebagai “Penghasilan Komprehensif of the transaction) to allow deferral as “Other
Lainnya” sesuai dengan tipe akuntansi lindung Comprehensive Income” under certain types of
nilai tertentu terpenuhi. hedge accounting.
Seluruh instrumen derivatif Grup tidak memenuhi None of the derivative instruments of the Group
kriteria khusus untuk akuntansi lindung nilai, dan meets the specific criteria for hedge accounting,
oleh karenanya, tidak ditentukan sebagai and therefore, are not designated as hedges for
transaksi lindung nilai untuk tujuan akuntansi. accounting purposes.
4. Saling Hapus Instrumen Keuangan 4. Offsetting of Financial Instruments
Aset keuangan dan liabilitas keuangan saling Financial assets and financial liabilities are offset
hapus dan jumlah netonya dilaporkan dalam and the net amount reported in the consolidated
laporan posisi keuangan konsolidasian jika, dan statement of financial position if, and only if, there
hanya jika, saat ini memiliki hak yang berkekuatan is a currently enforceable legal right to offset the
hukum untuk melakukan saling hapus atas recognized amounts and there is an intention to
jumlah yang telah diakui dan terdapat niat settle on a net basis, or to realize the assets and
untuk menyelesaikannya secara neto, atau settle the liabilities simultaneously.
untuk merealisasikan aset dan menyelesaikan
liabilitasnya secara simultan.
5. Nilai Wajar dari Instrumen Keuangan 5. Fair Value of Financial Instruments
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to
menjual suatu aset atau harga yang akan dibayar sell an asset or paid to transfer a liability in an
untuk mengalihkan suatu liabilitas dalam transaksi orderly transaction between market participants
teratur antara pelaku pasar di pasar utama (atau in the principal (or most advantageous market) at
pasar yang paling menguntungkan) pada tanggal the measurement date under current market
pengukuran dalam kondisi pasar saat ini (yaitu conditions (i.e., an exit price) regardless of
harga keluar) terlepas apakah harga tersebut whether that price is directly observable or
dapat diobservasi secara langsung atau diestimasi estimated using another valuation technique at the
dengan menggunakan teknik penilaian lain pada measurement date.
tanggal pengukuran.
Pengukuran nilai wajar mengasumsikan bahwa A fair value measurement assumes that the
transaksi untuk menjual aset atau mengalihkan transaction to sell the asset or transfer the liability
liabilitas terjadi: takes place either:
(a) di pasar utama (principal market) untuk aset (a) in the principal market for the asset or liability;
atau liabilitas tersebut; atau or
(b) jika tidak terdapat pasar utama, di pasar yang (b) in the absence of a principal market, in the
paling menguntungkan (most advantageous most advantageous market for the asset or
market) untuk aset atau liabilitas tersebut. liability.
Grup mengukur nilai wajar suatu aset atau The Group measures the fair value of an asset or
liabilitas menggunakan asumsi yang akan a liability using the assumptions that market
digunakan pelaku pasar ketika menentukan harga participants would use when pricing the asset or
aset atau liabilitas tersebut, dengan asumsi bahwa liability, assuming that market participants act in
pelaku pasar bertindak dalam kepentingan their economic best interest.
ekonomis terbaiknya.
Pengukuran nilai wajar aset nonkeuangan A fair value measurement of a non-financial asset
memperhitungkan kemampuan pelaku pasar takes into account a market participant’s ability to
untuk menghasilkan manfaat ekonomis dengan generate economic benefits by using the asset at
menggunakan aset dalam penggunaan tertinggi its highest and best use or by selling it to another
dan terbaiknya (highest and best use) atau market participant that would use the asset at its
dengan menjualnya kepada pelaku pasar lain highest and best use.
yang akan menggunakan aset tersebut dalam
penggunaan tertinggi dan terbaiknya.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Grup menggunakan teknik penilaian yang sesuai The Group uses valuation techniques that are
dalam keadaan dan dimana data yang memadai appropriate in the circumstances and for which
tersedia untuk mengukur nilai wajar, sufficient data are available to measure fair value,
memaksimalkan penggunaan input yang dapat maximizing the use of relevant observable inputs
diobservasi yang relevan dan meminimalkan and minimizing the use of unobservable inputs.
penggunaan input yang tidak dapat diobservasi.
Hierarki nilai wajar dikategorikan dalam tiga (3) Fair value hierarchy is categorized into three (3)
level input untuk teknik penilaian yang digunakan levels of inputs to valuation techniques used to
dalam pengukuran nilai wajar, sebagai berikut: measure fair value, as follows:
(a) Input Level 1 - harga kuotasian (tanpa (a) Level 1 inputs - quoted prices (unadjusted) in
penyesuaian) di pasar aktif untuk aset atau active markets for identical assets or liabilities
liabilitas yang identik yang dapat diakses that the entity can access at the
entitas pada tanggal pengukuran. measurement date.
(b) Input Level 2 - input selain harga kuotasian (b) Level 2 inputs - inputs other than quoted
yang termasuk dalam Level 1 yang dapat prices included within Level 1 that are
diobservasi untuk aset atau liabilitas, baik observable for the asset or liability, either
secara langsung atau tidak langsung. directly or indirectly.
(c) Input Level 3 - input yang tidak dapat (c) Level 3 inputs - unobservable inputs for the
diobservasi untuk aset atau liabilitas. asset or liability.
Untuk aset dan liabilitas yang diakui pada laporan For assets and liabilities that are recognized in the
keuangan konsolidasian secara berulang, Grup consolidated financial statements on a recurring
menentukan apakah terjadi transfer antara Level basis, the Group determines whether transfers
di dalam hierarki dengan cara mengevaluasi have occurred between Levels in the hierarchy by
kategori (berdasarkan input level terendah yang re-assessing categorization (based on the lowest
signifikan dalam pengukuran nilai wajar) setiap level input that is significant to the fair value
akhir periode pelaporan. measurement as a whole) at the end of each
reporting period.
Grup menentukan kelas aset dan liabilitas yang The Group determines appropriate classes of
sesuai dengan sifat, karakteristik, risiko aset dan assets and liabilities on the basis of the nature,
liabilitas, serta level hierarki nilai wajar dimana characteristics and risks of the asset or liability,
pengukuran nilai wajar tersebut dikategorikan. and the level of the fair value hierarchy within
which the fair value measurement is categorized.
e. Kas dan Setara Kas e. Cash and Cash Equivalents
Kas dan setara kas terdiri dari saldo kas dan bank, Cash and cash equivalents consist of cash on hand
serta deposito berjangka yang jatuh tempo dalam and in banks, and time deposits with original
waktu tiga (3) bulan atau kurang sejak tanggal maturities within three (3) months or less and not
penempatan dan tidak digunakan sebagai jaminan pledged as collateral or restricted in use.
atau dibatasi penggunaannya.
Kas di bank dan deposito berjangka yang dibatasi Cash in banks and time deposits, which are restricted
penggunaannya disajikan sebagai “Kas di Bank yang in use, are presented as “Restricted Cash in Banks.”
Dibatasi Penggunaannya”. Kas di bank yang dibatasi Restricted cash in banks to be used to pay currently
penggunaannya yang akan digunakan untuk maturing obligations due within one (1) year is
membayar kewajiban jatuh tempo dalam satu (1) presented under current assets. Other bank accounts
tahun disajikan sebagai bagian dari aset lancar. and time deposits that are restricted in use are
Rekening bank dan deposito berjangka lainnya yang presented under non-current assets.
dibatasi penggunaannya disajikan sebagai aset tidak
lancar.
f. Transaksi Pihak-Pihak Berelasi f. Transactions with Related Parties
Grup mengungkapkan transaksi dengan pihak-pihak The Group discloses transactions with related parties.
berelasi. Transaksi ini dilakukan berdasarkan The transactions are made based on terms agreed by
persyaratan yang disetujui oleh kedua belah pihak, the parties, whereas such terms may not be the same
dimana persyaratan tersebut mungkin tidak sama as those for transactions with unrelated parties.
dengan transaksi lain yang dilakukan dengan pihak-
pihak yang tidak berelasi.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Semua transaksi yang signifikan dengan pihak-pihak All significant transactions with related parties,
berelasi, baik yang dilakukan dengan syarat dan whether or not conducted under the same terms and
kondisi yang sama dengan pihak ketiga ataupun conditions as those with third parties, are disclosed in
tidak, diungkapkan dalam catatan atas laporan the notes to the consolidated financial statements.
keuangan konsolidasian.
g. Persediaan g. Inventories
Persediaan dinyatakan sebesar nilai yang lebih Inventories are valued at the lower of cost or net
rendah antara biaya perolehan atau nilai realisasi realizable value. Cost is determined using the
neto (the lower of cost or net realizable value). Biaya weighted average method. Net realizable value is the
perolehan ditentukan dengan metode rata-rata estimated selling price in the ordinary course of
tertimbang. Nilai realisasi neto adalah estimasi harga business less applicable estimated costs of
jual dalam kegiatan usaha biasa dikurangi estimasi completion and estimated costs necessary to make
biaya penyelesaian dan estimasi biaya yang the sale.
diperlukan untuk membuat penjualan.
Harga perolehan barang jadi dan barang dalam The cost of finished goods and work in process
penyelesaian terdiri dari biaya bahan baku, tenaga comprises raw materials, direct labor, other direct
kerja langsung, biaya langsung lainnya dan biaya costs and related production overheads (based on
overhead produksi (berdasarkan kapasitas normal normal operating capacity).
operasi).
Penyisihan persediaan usang ditentukan berdasarkan Allowance for inventory obsolescence is provided
hasil penelaahan atas keadaan persediaan pada based on a review of the condition of inventories at
akhir periode pelaporan. the end of the reporting period.
h. Beban Dibayar Dimuka h. Prepaid Expenses
Beban dibayar dimuka diamortisasi sesuai masa Prepaid expenses are amortized over the periods
manfaatnya dengan menggunakan metode garis benefited using the straight-line method.
lurus.
i. Investasi pada Entitas Asosiasi dan Pengaturan i. Investments in Associates and Joint
Bersama Arrangements
Entitas asosiasi adalah entitas yang mana Grup An associate is an entity, over which the Group has
memiliki pengaruh signifikan dan bukan merupakan significant influence but is neither a subsidiary nor an
entitas anak maupun bagian partisipasi dalam interest in a joint venture. Direct or indirect ownership
ventura bersama. Pemilikan secara langsung of 20% or more of the voting power of an investee is
maupun tidak langsung 20% atau lebih hak suara presumed to be an ownership of significant influence,
investee dianggap pemilikan pengaruh signifikan, unless it can be clearly demonstrated that this is not
kecuali dapat dibuktikan dengan jelas hal yang the case.
sebaliknya.
Operasi bersama adalah pengaturan bersama yang A joint operation is a joint arrangement whereby the
mengatur bahwa para pihak yang memiliki parties that have joint control of the arrangement
pengendalian bersama atas pengaturan memiliki hak have rights to the assets, and obligations for the
atas aset, dan kewajiban terhadap liabilitas, terkait liabilities, relating to the arrangement. Those parties
dengan pengaturan tersebut. Para pihak tersebut are called joint operators.
disebut operator bersama.
Ventura bersama adalah pengaturan bersama yang A joint venture is a joint arrangement whereby the
mengatur bahwa para pihak yang memiliki parties that have joint control of the arrangement
pengendalian bersama atas pengaturan memiliki hak have rights to the net assets of the arrangement.
atas aset neto pengaturan tersebut. Para pihak Those parties are called joint venturers.
tersebut disebut venturer bersama.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Entitas dengan investasinya pada entitas asosiasi An entity with investment in an associate or a joint
atau ventura bersama mencatat investasinya dengan venture accounts for its investment using the equity
menggunakan metode ekuitas. Dalam metode method. Under the equity method, investment in an
ekuitas, investasi pada entitas asosiasi atau ventura associate or joint venture is initially recognized at cost
bersama pada awalnya diakui sebesar biaya and the carrying amount is increased or decreased to
perolehan dan jumlah tercatat tersebut ditambah atau recognize the investor's share of profit or loss of the
dikurang untuk mengakui bagian investor atas laba investee after the date of acquisition.
rugi investee setelah tanggal perolehan.
Selanjutnya, bagian Grup atas laba rugi entitas Subsequently, the Group’s share of the profit or loss
asosiasi atau ventura bersama, setelah penyesuaian of the associate or joint venture, after any
yang diperlukan terhadap dampak penyeragaman adjustments necessary to give effect to uniform
kebijakan akuntansi dan eliminasi laba atau rugi yang accounting policies and elimination of profits or losses
dihasilkan dari transaksi antara Grup dan entitas resulting from transactions between the Group and
asosiasi atau ventura bersama, akan menambah atau the associate or joint venture, increases or decreases
mengurangi jumlah tercatat investasi tersebut dan its carrying amount and is recognized in the Group’s
diakui sebagai laba rugi Grup. Penerimaan distribusi profit or loss. Distributions received from the
dari entitas asosiasi atau ventura bersama associate or joint venture reduce the carrying amount
mengurangi jumlah tercatat investasi. of the investment.
Penyesuaian terhadap jumlah tercatat tersebut juga Adjustments to the carrying amount may also be
diperlukan jika terdapat perubahan dalam proporsi necessary for changes in the Group’s proportionate
bagian Grup atas entitas asosiasi atau ventura interest in the associate or joint venture arising from
bersama yang timbul dari penghasilan komprehensif changes in the associate’s or joint venture’s other
lain dari entitas asosiasi atau ventura bersama. comprehensive income. The Group’s share of those
Bagian Grup atas perubahan tersebut diakui dalam changes is recognized in other comprehensive
penghasilan komprehensif lain dari Grup. income of the Group.
Goodwill yang terkait dengan akuisisi entitas asosiasi Goodwill on acquisition of associate or joint venture is
atau ventura bersama termasuk dalam jumlah included in the carrying amount of the investment.
tercatat investasi. Goodwill tidak diamortisasi dan Goodwill is no longer amortized but annually
dilakukan uji penurunan nilai setiap tahun. assessed for impairment.
Apabila nilai tercatat investasi telah mencapai nilai Once an investment’s carrying value has been
nol, kerugian selanjutnya akan diakui hanya jika Grup reduced to zero, further losses are taken up only if
mempunyai komitmen untuk menyediakan bantuan the Group has committed to provide financial support
pendanaan atau menjamin kewajiban entitas asosiasi or has guaranteed the obligations of the associate or
atau ventura bersama yang bersangkutan. joint venture.
Jika investasi pada entitas asosiasi menjadi investasi If an investment in an associate becomes an
pada ventura bersama atau sebaliknya, maka entitas investment in a joint venture or vice versa, the entity
melanjutkan penerapan metode ekuitas dan tidak continues to apply the equity method and does not
mengukur kembali kepentingan yang tersisa. remeasure the retained interest.
Perubahan Bagian Kepemilikan Changes in the Ownership Interests
Jika bagian kepemilikan Grup pada entitas asosiasi If the Group’s ownership interest in an associate is
berkurang, namun investasi tersebut tetap sebagai reduced, but the investment continues to be an
investasi pada entitas asosiasi, maka Grup associate, the Group reclassifies to profit or loss only
mereklasifikasi ke dalam laba rugi hanya suatu a proportionate amount of the gain or loss previously
jumlah proporsional dari keuntungan atau kerugian recognized in other comprehensive income.
yang sebelumnya diakui dalam penghasilan
komprehensif lain.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
j. Investasi Jangka Panjang Lain-lain j. Other Long-Term Investments
Investasi dalam bentuk saham dengan kepemilikan Investments in shares of stock with ownership interest
kurang dari 20% yang tidak memiliki kuotasi harga di of less than 20% that do not have a quoted market
pasar aktif dan nilai wajarnya tidak dapat diukur price in an active market and whose fair value cannot
secara andal, diukur pada biaya perolehan. Jumlah be reliably measured, are stated at cost. The carrying
tercatat investasi diturunkan nilainya untuk mengakui amount of the investment is written down to recognize
penurunan nilai yang bersifat permanen. Setiap a permanent decline in value of the individual
penurunan nilai investasi dibebankan langsung pada investment. Any write-down of investment is charged
laba rugi. directly to profit or loss.
k. Aset Tetap k. Fixed Assets
Grup telah memilih untuk menggunakan model biaya The Group has chosen the cost model as the
sebagai kebijakan akuntansi pengukuran aset accounting policy for its fixed assets measurement,
tetapnya, kecuali hak atas tanah. except land rights.
Penyusutan dihitung dengan menggunakan metode Depreciation is calculated on a straight-line basis
garis lurus selama masa manfaat aset. Taksiran over the useful lives of the assets. Estimated useful
masa manfaat aset tetap adalah sebagai berikut: lives of the assets are as follows:
Tahun / Years
Prasarana tanah 5 - 30 Land improvements
Bangunan dan prasarana 4 - 20 Buildings and improvements
Mesin dan peralatan 5 - 20 Machinery and equipment
Peralatan telekomunikasi 10 - 15 Telecommunication equipment
Alat-alat pengangkutan 3 - 20 Transportation equipment
Perabotan dan peralatan kantor 3 - 10 Office equipment,furniture and fixtures
Masa manfaat aset tetap dan metode penyusutan The fixed assets’ useful lives and methods of
ditelaah dan disesuaikan, jika sesuai keadaan, pada depreciation are reviewed and adjusted, if
setiap akhir periode pelaporan. appropriated, at each end of reporting period.
Tanah dinyatakan sebesar biaya perolehan dan tidak Land is stated at cost and is not depreciated.
disusutkan.
Grup menganalisa fakta dan keadaan untuk masing- The Group analyze the facts and circumstances for
masing jenis hak atas tanah dalam menentukan each type of land right in determining the accounting
akuntansi untuk masing-masing hak atas tanah for each of these land rights so that it can accurately
tersebut sehingga dapat merepresentasikan dengan represent an underlying economic event or
tepat suatu kejadian atau transaksi ekonomi yang transaction. If the land rights do not transfer control of
mendasarinya. Jika hak atas tanah tersebut tidak the underlying assets to the Group, but gives the
mengalihkan pengendalian atas aset pendasar rights to use the underlying assets, the Group applies
kepada Grup, melainkan mengalihkan hak untuk the accounting treatment of these transaction as
menggunakan aset pendasar, Grup menerapkan leases under PSAK 116, “Leases”. If land rights
perlakuan akuntansi atas transaksi tersebut sebagai substantially similar to land purchase, the Group
sewa berdasarkan PSAK 116, “Sewa”. Jika hak atas applies PSAK 216, “Fixed Assets”.
tanah secara substansi menyerupai pembelian tanah,
maka Grup menerapkan PSAK 216, “Aset Tetap”.
Aset dalam pengerjaan dinyatakan sebesar biaya Assets under construction are stated at cost and
perolehan dan disajikan sebagai bagian dari “Aset presented as part of “Fixed Asset” in the consolidated
Tetap” dalam laporan posisi keuangan konsolidasian. statements of financial position. The accumulated
Akumulasi biaya perolehan akan dipindahkan ke cost will be reclassified to the appropriate fixed asset
masing-masing akun aset tetap yang bersangkutan accounts and capitalization of these borrowing costs
dan kapitalisasi atas biaya pinjaman dihentikan pada ceases when construction is completed and assets
saat aset tersebut selesai dikerjakan dan siap are ready for their intended use.
digunakan.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Beban perbaikan dan pemeliharaan dibebankan The cost of repairs and maintenance is charged to
pada laba rugi pada saat terjadinya biaya profit or loss as incurred replacement or major
penggantian atau inspeksi yang signifikan inspection costs are capitalized when incurred if it is
dikapitalisasi pada saat terjadinya dan jika besar probable that future economic benefits associated
kemungkinan manfaat ekonomis di masa depan with the item will flow to the Group and the cost of the
berkenaan dengan aset tersebut akan mengalir ke item can be reliably measured. An item of fixed
Grup dan biaya perolehan aset dapat diukur secara assets is derecognized upon disposal or when no
andal. Aset tetap dihentikan pengakuannya pada saat future economic benefits are expected from its use or
dilepaskan atau ketika tidak ada manfaat ekonomis disposal. Any gain or loss arising on derecognition of
masa depan yang diharapkan dari penggunaan atau the asset is included in profit or loss in the period in
pelepasannya. Keuntungan atau kerugian yang which the asset is derecognized.
timbul dari penghentian pengakuan aset dimasukkan
dalam laba rugi pada periode aset tersebut dihentikan
pengakuannya.
l. Perjanjian Konsesi Jasa l. Service Concession Arrangement
Grup telah menerapkan ISAK 112, “Perjanjian The Group adopted ISAK 112, “Service Concession
Konsesi Jasa” (ISAK 112) dan ISAK 229, “Perjanjian Arrangement” (ISAK 16) and ISAK 229, “Service
Konsesi Jasa: Pengungkapan” (ISAK 229) Concession Arrangement: Disclosure” (ISAK 229)
sehubungan dengan hak konsesi. related to the concession rights.
ISAK 112 mengatur prinsip umum dalam ISAK 112 determines the general principles in the
pengakuan dan pengukuran hak dan kewajiban recognition and measurement of liabilities and rights
terkait dengan perjanjian konsesi jasa. ISAK 112 related to service concession arrangement. ISAK 112
mengatur bahwa infrastruktur tidak diakui sebagai regulates that an operator (concession right
aset tetap operator (pihak penerima konsesi jasa) beneficiary) does not recognize any infrastructure
karena perjanjian jasa kontraktual tidak memberikan assets because the contractual service arrangement
hak kepada operator untuk mengendalikan does not convey the right to control the use of the
penggunaan infrastruktur jasa publik. Operator public service infrastructure to the operator. The
memiliki akses untuk mengoperasikan infrastruktur operator has access to operate the infrastructure to
dalam menyediakan jasa publik untuk kepentingan provide the public service on behalf of the grantor in
pemberi konsesi sesuai dengan persyaratan yang accordance with the terms specified in the contract.
ditentukan dalam kontrak.
ISAK 229 memberikan panduan spesifik mengenai ISAK 229 provides specific guidance for the required
pengungkapan yang diperlukan atas perjanjian disclosures regarding the service concession
konsesi jasa. arrangement.
Grup membukukan perjanjian konsesi jasa sebagai The Group accounts for its service concession
model aset takberwujud karena memiliki hak (lisensi) arrangement under the intangible asset model as it
untuk membebankan pengguna jasa publik. Pada receives the right (license) to charge users of public
saat pengakuan awal, aset konsesi dicatat pada nilai service. At initial recognition, concession assets are
wajar dari imbalan yang diterima atau akan diterima. recorded at the fair value of the benefit received or to
Aset konsesi ini adalah aset hak pengelolaan jalan tol be received. These concession assets are toll road
yang akan diamortisasi selama sisa masa hak concession rights which are amortized over the
konsesi sejak tanggal pengoperasian ruas jalan tol. remaining concession period from the date of
Selama masa konstruksi, akumulasi biaya perolehan operation of the toll road. During the construction
dan konstruksi jalan tol diakui sebagai aset konsesi period, the accumulated toll road construction cost is
dalam penyelesaian. Amortisasi mulai dibebankan recognized as concession assets in progress. The
pada saat aset konsesi tersebut siap digunakan. amortization of the cost starts when the concession
assets are ready to be operated.
Aset konsesi dihentikan pengakuannya pada saat The concession assets are derecognized at the end
berakhirnya masa konsesi. Tidak akan ada of the concession period. There will be no gain or loss
keuntungan atau kerugian saat penghentian upon derecognition as the concession assets which
pengakuan karena aset konsesi diharapkan telah are expected to be fully amortized by then, will be
diamortisasi secara penuh, akan diserahkan kepada handed over to the Badan Pengatur Jalan Tol (BPJT)
Badan Pengatur Jalan Tol (BPJT) tanpa syarat. for no consideration.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Aset konsesi yang diberikan kepada Grup dapat Concession assets granted to the Group are
dialihkan dengan persetujuan Pemerintah/ BPJT. transferrable with approval from the Government/
Aset konsesi ini akan diserahkan ke Pemerintah/ BPJT. These concession right assets will be
BPJT pada saat akhir masa konsesi dan, pada saat transferred to the Government/ BPJT at the end of
itu, seluruh akun yang berhubungan dengan aset the concession period and, at such time, all accounts
konsesi akan dihentikan pengakuannya. related to the concession rights assets will be
derecognized.
Selama periode hak pengusahaan jalan tol, aset hak During the toll road concession rights period, the
pengusahaan jalan tol dapat dikeluarkan dari laporan concession rights assets may be derecognized from
posisi keuangan Grup jika jalan tol diserahkan the statement of financial position of the Group if the
(dikuasakan) kepada pihak lain atau Pemerintah/ toll road is transferred to another party or the
BPJT mengubah status jalan tol menjadi jalan nontol Government/ BPJT has changed the status of the toll
atau tidak ada manfaat ekonomi yang dapat road to non-toll road or if there is no economic benefit
diharapkan dari penggunaannya. Keuntungan atau expected from usage of the toll road. Gain or loss
kerugian yang timbul dari penghentian atau from discontinuance or disposal of concession assets
pelepasan aset konsesi diakui sebagai keuntungan is recognized in the statement of profit or loss and
atau kerugian dalam laporan laba rugi dan other comprehensive income.
penghasilan komprehensif lain.
Selain itu, Grup mengakui dan mengukur pendapatan In addition, the Group recognizes and measures
konstruksi sesuai dengan PSAK 115, “Pendapatan construction revenue in accordance with PSAK 115,
dari Kontrak Dengan Pelanggan”. Ketika Perusahaan “Revenue from Contracts with Customers”. When the
menyediakan jasa konstruksi atau peningkatan Company provides construction services or upgrades
kemampuan, imbalan yang diterima atau akan services, the consideration received or to be received
diterima oleh Grup diakui pada nilai wajar. by the Group is recognized at its fair value.
Grup mengakui biaya jasa konstruksi dan The Group recognizes construction services and
peningkatan kemampuan aset konsesi sebagai aset increased capacity of concession assets as intangible
tak berwujud dimana Grup menerima hak (lisensi) assets which the Group receives the rights (license)
untuk membebankan pengguna jasa publik. Suatu to charge users of public services. A right to charge
hak untuk membebankan pengguna jasa publik users of public services is not an unconditional right
bukan merupakan hak tanpa syarat untuk menerima to receive cash because the amounts depend on the
kas karena jumlahnya bergantung pada sejauh mana extent of public using the service. During the
publik menggunakan jasa. Selama periode construction period, the Group records intangible
konstruksi, Grup mencatat aset tak berwujud dan assets, and recognizes revenues and costs of
mengakui pendapatan dan biaya konstruksi sesuai construction in accordance with the contract.
dengan kontraknya.
Biaya konstruksi merupakan nilai dari jumlah Construction cost is the value of the construction
perolehan kontrak konstruksi. contract.
Kontrak konstruksi meliputi seluruh biaya konstruksi Construction contract comprehends all the amounts
pembangunan jalan tol atau peningkatan kapasitas of toll road construction costs or toll road
jalan tol yang meliputi pengadaan tanah, studi improvement consisting of land acquisition cost,
kelayakan dan biaya- biaya lain yang berhubungan feasibility study cost and other costs that are directly
langsung dengan pembangunan jalan tol, termasuk attributable to the toll road construction, including
biaya pembangunan jalan akses ke jalan tol, jalan construction costs for access roads, alternative roads
alternatif dan fasilitas jalan umum yang disyaratkan, and required public road facilities, interest and other
ditambah biaya pinjaman lain yang secara langsung borrowing costs, either directly or indirectly used for
maupun tidak langsung digunakan untuk mendanai financing the development of assets. These costs are
proses pembangunan aset tersebut. Biaya pinjaman capitalized until the construction is completed and the
dikapitalisasi sampai dengan saat proses concession assets are ready to be operated.
pembangunan tersebut telah selesai dan asset
konsesi telah siap untuk dioperasikan.
Aset konsesi diamortisasi selama masa konsesi The concession assets are amortized over the
dengan menggunakan metode sebagai berikut: concession period using the following method:
(a) Aset hak pengusahaan jalan tol untuk jalan dan (a) Toll road concession rights for toll roads and toll
jembatan tol diamortisasi dengan menggunakan bridges are amortised using unit of usage method
metode unit pemakaian berdasarkan volume lalu based on traffic volume.
lintas.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
(b) Aset hak pengusahaan jalan tol selain jalan dan (b) Toll road concession rights aside from toll roads
jembatan tol diamortisasi dengan menggunakan and toll bridges are amortised using straight line
metode garis lurus, berdasarkan estimasi masa method, based on the estimated useful lives of
manfaat ekonomis aset sebagai berikut: assets as follows:
Tahun / Years
Jalan dan jembatan 45 Roads and bridges
Gerbang dan bangunan 20 Toll gates and buildings
Sarana pelengkap jalan tol 16 Toll facilities and equipment
m. Penurunan Nilai Aset Nonkeuangan m. Impairment of Non-Financial Assets
Pada setiap tanggal pelaporan, Grup menilai apakah The Group evaluates at each reporting date whether
terdapat indikasi aset mengalami penurunan nilai. there is any indication that an asset may be impaired.
Jika terdapat indikasi tersebut, maka Grup If any such indication exists, the Group estimates the
mengestimasi jumlah terpulihkan aset tersebut. recoverable amount of the asset. The recoverable
Jumlah terpulihkan suatu aset atau unit penghasil kas amount of an asset or a cash-generating unit is the
adalah jumlah yang lebih tinggi antara nilai wajar higher of its fair value less costs of disposal and its
dikurangi biaya pelepasan dan nilai pakainya. Jika value in use. Whenever the carrying amount of an
jumlah terpulihkan suatu aset lebih kecil dari jumlah asset exceeds its recoverable amount, the asset is
tercatatnya, jumlah tercatat aset harus diturunkan considered impaired and is written down to its
menjadi sebesar jumlah terpulihkan. Kerugian recoverable amount. The impairment loss is
penurunan nilai diakui segera dalam laba rugi. recognized immediately in profit or loss.
Pembalikan rugi penurunan nilai untuk aset Reversal on impairment loss for non-financial assets
nonkeuangan selain goodwill, diakui jika, dan hanya other than goodwill would be recognized if, and only
jika, terdapat perubahan estimasi yang digunakan if, there has been a change in the estimates used to
dalam menentukan jumlah terpulihkan aset sejak determine the asset’s recoverable amount since the
pengujian penurunan nilai terakhir kali. Pembalikan last impairment test was carried out. Reversal in
rugi penurunan nilai tersebut diakui segera dalam impairment losses is immediately recognized in profit
laba rugi, kecuali aset yang disajikan pada jumlah or loss, except for assets that presented using the
revaluasian sesuai dengan PSAK lain. Rugi revaluation model in accordance with another PSAK.
penurunan nilai yang diakui atas goodwill tidak dibalik Impairment losses relating to goodwill are not
lagi. reversed.
n. Biaya Pinjaman n. Borrowing Costs
Biaya pinjaman, baik yang secara langsung maupun Borrowing costs, either directly or indirectly used in
tidak langsung digunakan untuk mendanai suatu financing the construction of (“a qualifying asset”), are
proses pembangunan aset tertentu yang memenuhi capitalized up to the date when construction is
syarat (“aset kualifikasian”), dikapitalisasi hingga saat complete. For borrowings that are specific to the
proses pembangunannya selesai. Untuk pinjaman acquisition of a qualifying asset, the amount to be
yang secara khusus digunakan untuk perolehan aset capitalized is determined as the actual borrowing
kualifikasian, jumlah yang dikapitalisasi adalah costs incurred during the period, less any income
sebesar biaya pinjaman yang terjadi selama periode earned from the temporary investment of such
berjalan, dikurangi dengan penghasilan investasi borrowings.
jangka pendek dari pinjaman tersebut.
Untuk pinjaman yang tidak secara khusus digunakan For borrowings that are not specific to the acquisition
untuk perolehan aset kualifikasian, jumlah biaya of a qualifying asset, the amount to be capitalized is
pinjaman yang dikapitalisasi ditentukan dengan determined by applying a capitalization rate to the
mengalikan tingkat kapitalisasi tertentu terhadap amount expensed on the qualifying asset.
pengeluaran untuk aset kualifikasian tersebut.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
o. Sewa o. Leases
Liabilitas sewa diukur pada nilai kini pembayaran Lease liabilities are measured at the present value
sewa yang belum dibayar. Setiap pembayaran sewa of the lease payments that are not yet paid. Each
dialokasikan antara porsi pelunasan liabilitas dan lease payment is allocated between the liability
biaya keuangan. Liabilitas sewa disajikan sebagai portion and finance cost. Lease liabilities are
liabilitas jangka panjang kecuali untuk bagian yang classified in long-term liabilities, except for those
jatuh tempo dalam waktu dua belas (12) bulan atau with maturities of twelve (12) months or less which
kurang yang disajikan sebagai liabilitas jangka are included in current liabilities. The interest element
pendek. Unsur bunga dalam biaya keuangan of the finance cost is charged to profit or loss over the
dibebankan ke laba rugi selama masa sewa yang lease period so as to produce a constant rate of
menghasilkan tingkat suku bunga konstan atas saldo interest on the remaining balance of the liability.
liabilitas.
Grup tidak mengakui aset hak guna dan liabilitas The Group does not recognize right-of-use assets
sewa untuk: and lease liabilities for:
(a) sewa jangka pendek yang memiliki masa sewa (a) short term leases that have a lease term of twelve
dua belas (12) bulan atau kurang; atau (12) months or less; or
(b) sewa yang asetnya bernilai rendah. Pembayaran (b) leases with low-value assets. Payments made
yang dilakukan untuk sewa tersebut dibebankan under those leases are charged to profit or loss
ke laba rugi dengan dasar garis lurus selama on a straight line basis over the period of the
masa sewa. lease.
p. Biaya Pengembangan Proyek p. Project Development Costs
Biaya yang terjadi sehubungan dengan Costs incurred regarding the development of certain
pengembangan proyek ditangguhkan sampai proyek projects are deferred until these projects operate.
tersebut beroperasi. Biaya pengembangan proyek Costs related to unsuccessful projects will be charged
yang gagal akan dibebankan pada laporan laba rugi to the consolidated statement of profit or loss and
dan penghasilan komprehensif lain konsolidasian other comprehensive income at the time the projects
pada saat proyek tersebut dinyatakan gagal. are declared as failed.
q. Aset Takberwujud q. Intangible Assets
Aset takberwujud dengan umur manfaat terbatas Intangible asset with finite useful life
Aset takberwujud dengan umur manfaat terbatas Intangible asset with finite useful life is amortized over
diamortisasi selama umur manfaat ekonomi dengan the economic useful life by using a straight-line
metode garis lurus (atau metode lainnya sepanjang method (or other method as it reflects the pattern in
mencerminkan pola manfaat ekonomi masa depan which the asset’s future economic benefits are
yang diperkirakan dikonsumsi oleh entitas). expected to be consumed by the entity).
Aset takberwujud yang diperoleh secara terpisah Intangible assets acquired separately are measured
diukur pada pengakuan awal sebesar biaya on initial recognition at cost. Following initial
perolehan. Setelah pengakuan awal, aset recognition, intangible assets are carried at cost less
takberwujud dinyatakan pada biaya perolehan any accumulated amortization and any accumulated
dikurangi dengan akumulasi amortisasi dan impairment losses, if any.
akumulasi rugi penurunan nilai, jika ada.
Aset takberwujud adalah berupa perangkat lunak dan Intangible assets comprising of software and patent,
paten, termasuk seluruh biaya langsung terkait include all direct costs related to preparation of the
persiapan untuk tujuan penggunaan, diamortisasi assets for their intended use, amortized using the
dengan metode garis lurus selama delapan (8) straight-line method over eight (8) to ten (10) years.
sampai dengan sepuluh (10) tahun.
Aset takberwujud yang diperoleh secara terpisah Intangible assets required separately are measure on
diukur pada pengakuan awal sebesar biaya initial recognition as cost. Following initial recognition,
perolehan. Setelah pengakuan awal, aset intangible assets are carried at cost less any
takberwujud dinyatakan pada biaya perolehan accumulated amortization and any accumulated
dikurangi dengan akumulasi amortisasi dan impairment losses, if any.
akumulasi rugi penurunan nilai, jika ada.
34
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
r. Pengakuan Pendapatan dan Beban r. Revenues and Expenses Recognition
Pengakuan pendapatan harus memenuhi lima (5) Revenue recognition has to fulfill five (5) steps as
langkah sebagai berikut: follows:
(a) Mengidentifikasi kontrak dengan pelanggan. (a) Identify the contract with a customer.
(b) Mengidentifikasi kewajiban pelaksanaan dalam (b) Identify the performance obligations in the
kontrak. contract.
(c) Menetapkan harga transaksi. (c) Determine the transaction price.
(d) Mengalokasikan harga transaksi ke setiap (d) Allocate the transaction price to each
kewajiban pelaksanaan. performance obligation.
(e) Mengakui pendapatan ketika kewajiban (e) Recognize revenue when performance obligation
pelaksanaan telah dipenuhi dengan menyerahkan is satisfied by transferring promised goods or
barang atau jasa yang dijanjikan ke pelanggan services to a customer when the customer obtains
yaitu ketika pelanggan telah memiliki kendali atas control of that goods or services.
barang atau jasa tersebut.
Pendapatan dari penjualan barang diakui bila Revenue from sale of goods is recognized when the
kewajiban pelaksanaan dipenuhi oleh Grup. performance obligation is satisfied by the Group.
Pendapatan diukur pada harga transaksi, yaitu Revenue is measured at the transaction price, which
jumlah imbalan yang diperkirakan menjadi hak Grup. is the amount of consideration to which the Group is
estimated to be entitled.
Pendapatan dari penjualan ekspor diakui pada saat Revenues from export sales are recognized when the
penyerahan barang di atas kapal di pelabuhan goods are shipped. Revenues from domestic sales
pengiriman. Pendapatan dari penjualan domestik are recognized when the goods are delivered to the
diakui pada saat penyerahan barang kepada customers.
pelanggan.
Pendapatan jasa diakui ketika jasa diberikan dan Revenue from services is recognized when services
kewajiban pelaksanaan dipenuhi oleh Grup are rendered and performance obligation is satisfied
berdasarkan kesepakatan dengan pelanggan. Bila by the Group based on the arrangement with the
besar kemungkinan terjadi bahwa total biaya kontrak customer. When it is probable that total contract costs
akan melebihi total pendapatan kontrak, taksiran rugi will exceed total contract revenue, the expected loss
segera diakui sebagai beban periode berjalan. is immediately recognized as current period expense.
Pendapatan ditangguhkan Unearned revenue
Pendapatan sewa dan jasa ditagihkan dimuka Revenue from rent and services are invoiced in
berdasarkan kontrak. Tagihan yang belum diakui advance based on agreements. Unrecognized
sebagai pendapatan pada tanggal pelaporan dicatat revenue as of the reporting date is recorded as
sebagai “Pendapatan Ditangguhkan” dalam “Unearned Revenue” in the current liabilities section
komponen liabilitas jangka pendek pada laporan in the consolidated statements of financial position.
posisi keuangan konsolidasian.
Pendapatan lain-lain Other revenue
Pendapatan jasa lainnya diakui pada saat Revenues from other services are recognized when
penyerahan jasa tersebut. the services are rendered.
Pengakuan beban Expenses recognition
Beban diakui pada saat terjadinya (basis akrual). Expenses are recognized when incurred (accrual
basis).
s. Imbalan Kerja s. Employee Benefits
Imbalan Kerja Jangka Pendek Short-term Employee Benefits
Imbalan kerja jangka pendek merupakan kompensasi Short-term employee benefits represent
yang diberikan oleh Grup seperti gaji, tunjangan, compensation provided by the Group such as
bonus dan pembayaran manfaat pensiun, yang diakui salaries, allowance, bonus and pension contribution
pada saat terutang kepada karyawan. paid, which are recognized when they accrue to the
employees.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Imbalan Pascakerja Post-employment Benefits
Grup menentukan liabilitas imbalan pascakerja The Group determines its post-employment benefits
sesuai dengan Peraturan Pemerintah Nomor 35 liability based on Government Regulation Number 35
Tahun 2021 (PP 35/2021). PSAK 219, “Imbalan Year 2021 (PP 35/2021). PSAK 219, “Employee
Kerja”, mensyaratkan entitas menggunakan metode Benefits”, requires the present value of the defined
“Projected Unit Credit” untuk menentukan nilai kini benefit obligation, the related current service cost,
kewajiban imbalan pasti, biaya jasa kini terkait dan and past service cost to be determined using the
biaya jasa lalu. “Projected Unit Credit” method.
Perusahaan dan Entitas Anak tertentu yang The Company and certain domestic Subsidiaries
berdomisili di Indonesia menyelenggarakan program domiciled in Indonesia have defined retirement
pensiun manfaat pasti untuk seluruh karyawan tetap benefit plans, covering substantially all of their eligible
yang memenuhi syarat. permanent employees.
Kewajiban menurut Undang-Undang dihitung dengan The obligation for the Law has been calculated by
membandingkan imbalan yang akan diterima oleh comparing the benefit that will be received by an
karyawan pada usia pensiun normal melalui program employee at normal pension age from the pension
pensiun dengan imbalan yang dihitung berdasarkan plan with the benefit as stipulated under the Law after
Undang-Undang setelah dikurangi akumulasi deduction of accumulation of employee contribution
iuran karyawan dan hasil pengembangannya. Jika and the related investment results. If the employer
bagian iuran yang didanai Perusahaan dan funded portion of the pension plan benefit is less than
Entitas Anak melalui program pensiun kurang dari the benefit as required by the Law, the Group will
imbalan yang diwajibkan menurut Undang-Undang, provide for such shortage.
Grup akan melakukan penyisihan atas
kekurangannya.
Ketika entitas memiliki surplus dalam program When an entity has a surplus in a defined benefit
imbalan pasti, maka entitas mengukur aset imbalan plan, it measures the defined benefit asset at the
pasti pada jumlah yang lebih rendah antara surplus lower amount between the surplus of defined benefit
program imbalan pasti dan batas atas aset yang plan and the upper limit on assets determined using a
ditentukan dengan menggunakan tingkat diskonto. discount rate.
Entitas mengakui komponen biaya imbalan pasti, An entity recognizes the components of defined
kecuali SAK mensyaratkan atau mengizinkan biaya benefit cost, except SAK requires or permits such
tersebut sebagai biaya perolehan aset, sebagai costs as the acquisition cost of the asset, as follows:
berikut:
(a) biaya jasa dalam laba rugi; (a) service cost in profit or loss;
(b) bunga neto atas liabilitas (aset) imbalan pasti (b) net interest on net liability (asset) of defined
neto dalam laba rugi; dan benefit in profit or loss; and
(c) pengukuran kembali liabilitas (aset) imbalan pasti (c) remeasurement of the net liability (asset) of
neto dalam penghasilan komprehensif lain. defined benefit in other comprehensive income.
Pengukuran kembali atas liabilitas (aset) imbalan Remeasurement on net liability (asset) of defined
pasti neto yang diakui dalam penghasilan benefit recognized in other comprehensive income is
komprehensif lain tidak direklasifikasi ke laba rugi not reclassified to profit or loss in subsequent periods.
pada periode berikutnya. Akan tetapi, entitas dapat However, the entity may transfer the amounts
mengalihkan jumlah yang diakui sebagai penghasilan recognized as other comprehensive income in
komprehensif lain tersebut pada pos lain dalam another account in equity.
ekuitas.
Pengukuran kembali liabilitas (aset) imbalan pasti Remeasurement of the net liability (asset) of defined
neto terdiri atas: benefit consists of:
(a) keuntungan dan kerugian aktuarial; (a) actuarial gains and losses;
(b) imbal hasil atas aset program, tidak termasuk (b) return on plan assets, excluding amounts
jumlah yang dimasukkan dalam bunga neto atas included in net interest on the net defined benefit
liabilitas (aset) imbalan pasti neto; dan liability (asset); and
(c) setiap perubahan dampak batas atas aset, tidak (c) any change in the effect of the asset ceiling,
termasuk jumlah yang dimasukkan dalam bunga excluding amounts included in net interest on the
neto atas liabilitas (aset) imbalan pasti neto. net defined benefit liability (asset).
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Entitas mengakui biaya jasa lalu sebagai beban pada The entity recognizes past service cost as an
tanggal yang lebih awal antara ketika amendemen expense at the earlier of when the amendments or
atau kurtailmen program terjadi dan ketika entitas curtailment of program occurs and when the entity
mengakui biaya restrukturisasi terkait atau pesangon. recognizes related restructuring costs or severances.
Grup mengakui keuntungan atau kerugian atas The Group recognizes gains or losses on the
penyelesaian program imbalan pasti pada saat settlement of a defined benefit plan when such
penyelesaian terjadi. Kurtailmen terjadi ketika entitas occurs. A curtailment occurs when an entity make a
mengurangi secara signifikan jumlah pekerja yang material reduction in the number of employees
ditanggung oleh program atau mengubah ketentuan covered by a plan or amends the terms of a defined
program imbalan pasti sehingga unsur yang benefit plan so that a significant element of future
signifikan dari jasa masa depan karyawan saat ini service by current employees will no longer qualify for
tidak lagi memenuhi syarat atas imbalan, atau akan benefits, or will qualify only for reduced benefits.
memenuhi syarat hanya untuk imbalan yang
dikurangi.
Kurtailmen dapat terjadi karena suatu peristiwa yang A curtailment may arise from an isolated event, such
berdiri sendiri, seperti penutupan pabrik, penghentian as the closing of a plant, discontinuance of an
operasi, atau terminasi atau penghentian program. operation, or termination or suspension of a plan.
Sebelum menentukan biaya jasa lalu, atau Before determining the past service cost, or gains
keuntungan dan kerugian atas penyelesaian, Grup and losses on the settlement, the Group shall
mengukur kembali liabilitas (aset) imbalan pasti neto remeasure the net liability (asset) of defined benefit
menggunakan nilai wajar kini dari aset program dan using current fair value of plan assets and current
asumsi aktuarial kini (termasuk suku bunga pasar actuarial assumptions (including current market
dan harga pasar kini yang lain) yang mencerminkan interest rates and other current market prices) that
imbalan yang ditawarkan dalam program sebelum reflects the rewards offered in the program prior to
amendemen, kurtailmen atau penyelesaian program. amendment, curtailment or settlement program.
Imbalan Kerja Jangka Panjang Lainnya Other Long-term Employee Benefits
Perhitungan imbalan kerja jangka panjang lainnya The costs of providing other long-term benefits is
ditentukan dengan menggunakan metode Projected determined using the Projected Unit Credit method.
Unit Credit. Jumlah diakui sebagai liabilitas untuk The provision for long-term employee benefits
imbalan kerja jangka panjang lainnya di laporan recognized in the consolidated statement of financial
posisi keuangan konsolidasian adalah nilai kini position represents the present value of the defined
kewajiban imbalan pasti. benefit obligation.
t. Transaksi dan Saldo dalam Mata Uang Asing t. Foreign Currency Transactions and Translation
Transaksi dalam mata uang asing dijabarkan ke Transactions in foreign currencies are translated into
dalam mata uang fungsional dengan kurs yang functional currency at the rates of exchange
berlaku pada saat transaksi dilakukan. Pada akhir prevailing at the time the transactions are made.
periode pelaporan, aset dan liabilitas moneter dalam At the end of reporting period, monetary assets and
mata uang asing disesuaikan ke dalam mata uang liabilities denominated in foreign currencies are
fungsional menggunakan kurs tengah yang adjusted to functional currency to reflect the middle
ditetapkan oleh Bank Indonesia pada tanggal terakhir exchange rate published by Bank Indonesia at the
transaksi perbankan pada periode tersebut. last banking transaction date of the period. Gains or
Keuntungan atau kerugian yang timbul dari losses resulting from such adjustment or settlement of
penyesuaian kurs maupun penyelesaian aset dan each monetary asset and liability denominated in
liabilitas moneter dalam mata uang asing tersebut foreign currencies are credited or charged as current
dikreditkan atau dibebankan sebagai laba rugi period profit or loss.
periode berjalan.
Untuk tujuan konsolidasi dari Entitas Anak dan For consolidation purposes of Subsidiaries and
Entitas Asosiasi yang mata uang fungsionalnya Associates for which Rupiah is not their functional
bukan Rupiah pada tanggal pelaporan, aset dan currency, assets and liabilities at the reporting date
liabilitas dijabarkan ke dalam mata uang Rupiah are translated into Rupiah using the exchange rates
dengan menggunakan kurs pada tanggal pelaporan, at reporting date, while revenues and expenses are
sedangkan pendapatan dan beban dijabarkan translated at the average rates of exchange for the
dengan menggunakan kurs rata-rata pada periode period. The resulting translation adjustments are
yang bersangkutan. Penyesuaian selisih kurs karena presented as part of other comprehensive income.
penjabaran tersebut disajikan sebagai bagian dari
penghasilan komprehensif lain.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Kurs penutup yang digunakan pada tanggal The closing exchange rates used as of
31 Desember 2025 dan 2024 adalah sebagai berikut: December 31, 2025 and 2024 are as follows:
2025 2024
Pound Sterling Inggris 22.666 20.333 Great British Pound
Euro 19.621 16.851 Euro
Dolar Amerika Serikat 16.782 16.162 US Dollar
Dolar Singapura 13.069 11.919 Singapore Dollar
Dolar Australia 11.051 10.082 Australian Dollar
Yen Jepang 108 102 Japanese Yen
u. Perpajakan u. Taxation
(1) Pajak Penghasilan (1) Income Taxes
Beban pajak kini ditetapkan berdasarkan taksiran Current tax expense is provided based on the
laba kena pajak periode berjalan. estimated taxable profit for the period.
Pajak penghasilan dalam laba rugi periode Income tax in profit or loss for the period
berjalan terdiri dari pajak kini dan tangguhan. comprises current and deferred tax. Income tax is
Pajak penghasilan diakui dalam laba rugi, kecuali recognized in profit or loss, except to the extent
untuk transaksi yang berhubungan dengan that it relates to items recognized directly in equity
transaksi yang diakui langsung dalam ekuitas atau or other comprehensive income, in which case it is
penghasilan komprehensif lain, dalam hal ini recognized in equity or other comprehensive
diakui dalam ekuitas atau penghasilan income.
komprehensif lain.
Aset pajak kini dan liabilitas pajak kini dilakukan Current tax assets and current tax liabilities are
saling hapus jika, dan hanya jika, entitas memiliki offset if, and only if, the entity has a legally
hak yang dapat dipaksakan secara hukum untuk enforceable right to set off the recognized
melakukan saling hapus jumlah yang diakui, dan amounts, and intends either to settle on a net
memiliki intensi untuk menyelesaikan dengan basis, or to realize the asset and settle the liability
dasar neto, atau merealisasikan aset dan simultaneously.
menyelesaikan liabilitas secara bersamaan.
Aset dan liabilitas pajak tangguhan diakui atas Deferred tax assets and liabilities are recognized
perbedaan temporer antara aset dan liabilitas for temporary differences between the financial
untuk tujuan komersial dan tujuan perpajakan and tax bases of assets and liabilities at each
setiap tanggal pelaporan. Aset pajak tangguhan reporting date. Deferred tax assets are recognized
diakui untuk seluruh perbedaan temporer yang for all deductible temporary differences to the
boleh dikurangkan sepanjang besar kemungkinan extent that it is probable that sufficient future
perbedaan temporer yang boleh dikurangkan taxable profit will be available against which the
tersebut dapat dimanfaatkan untuk mengurangi deductible temporary difference can be utilized.
laba kena pajak pada masa yang akan datang. Future tax benefits, such as the carryforward of
Manfaat pajak di masa mendatang, seperti saldo unused tax losses, are also recognized to the
rugi fiskal yang belum digunakan, diakui sejauh extent that realization of such benefits is probable.
besar kemungkinan realisasi atas manfaat pajak
tersebut.
Aset dan liabilitas pajak tangguhan diukur pada Deferred tax assets and liabilities are measured at
tarif pajak yang diharapkan akan digunakan pada the tax rates that are expected to apply to the
periode ketika aset direalisasi atau ketika liabilitas period when the asset is realized or the liability is
dilunasi berdasarkan tarif pajak (dan peraturan settled, based on tax rates (and tax laws) that
perpajakan) yang berlaku atau secara substansial have been enacted or substantively enacted at the
telah diberlakukan pada akhir periode pelaporan. end of reporting period.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Aset pajak tangguhan dan liabilitas pajak Deferred tax assets and deferred tax liabilities are
tangguhan dilakukan saling hapus jika, dan hanya offset if, and only if, the entity has a legally
jika, entitas memiliki hak secara hukum untuk enforceable right to set off current tax assets
saling hapus aset pajak kini terhadap liabilitas against current tax liabilities, and the deferred tax
pajak kini, dan aset pajak tangguhan dan liabilitas assets and the deferred tax liabilities relate to
pajak tangguhan terkait dengan pajak penghasilan income taxes levied by the same taxation
yang dikenakan oleh otoritas perpajakan atas authority on either the same taxable entity, or
entitas kena pajak, yang sama atau entitas kena different taxable entities which intend either to
pajak berbeda yang bermaksud untuk memulihkan settle current tax liabilities and assets on a net
aset dan liabilitas pajak kini dengan dasar neto, basis, or to realize the assets and settle the
atau merealisasikan aset dan menyelesaikan liabilities simultaneously, in each future period in
liabilitas secara bersamaan, pada setiap periode which significant amounts of deferred tax liabilities
masa depan yang mana jumlah signifikan atas or assets are expected to be settled or recovered.
aset atau liabilitas pajak tangguhan diharapkan
diselesaikan atau dipulihkan.
Perubahan terhadap kewajiban perpajakan diakui Amendments to tax obligations are recorded when
pada saat penetapan pajak diterima dan/atau, jika an assessment is received and/or, if objected to
Grup mengajukan keberatan dan/atau banding, and/or appealed against by the Group, when the
pada saat keputusan atas keberatan dan/atau result of the objection and/or appeal is
banding telah ditetapkan. determined.
(2) Aset dan Liabilitas Pengampunan Pajak (2) Assets and Liabilities under Tax Amnesty
Grup menerapkan PSAK 370, “Akuntansi Aset The Group applies PSAK 370, “Accounting for Tax
dan Liabilitas Pengampunan Pajak”. PSAK ini Amnesty Assets and Liabilities”. This PSAK
mengatur perlakuan akuntansi atas aset dan provides accounting treatment for assets and
liabilitas pengampunan pajak sesuai dengan liabilities from Tax Amnesty in accordance with
Undang-Undang No. 11/2016 tentang Law No. 11/2016 about Tax Amnesty ("Tax
Pengampunan Pajak (“UU Pengampunan Pajak”), Amnesty Law"), which became effective on July 1,
yang berlaku efektif tanggal 1 Juli 2016. 2016.
PSAK 370 memberikan pilihan kebijakan dalam PSAK 370 provides options in the initial
pengakuan awal aset atau liabilitas yang timbul recognition of the assets or liabilities arising from
dari pelaksanaan UU Pengampunan Pajak, yaitu the implementation of the Tax Amnesty Law,
dengan mengikuti SAK yang relevan menurut sifat whether to follow the relevant existing SAK
aset dan/atau liabilitas yang diakui (PSAK 370 according to the nature of the assets and/or
Par. 06) atau mengikuti ketentuan yang diatur liabilities recognized (PSAK 370 Par. 06) or to
dalam PSAK 370 paragraf 10 hingga 23 follow the provisions stated in PSAK 370
(Pendekatan Opsional). Keputusan yang dibuat paragraphs 10 to 23 (Optional Approach). The
oleh entitas harus konsisten untuk semua aset decision made by the entity must be consistent for
dan liabilitas pengampunan pajak yang diakui. all recognized tax amnesty assets and/or
liabilities.
Aset pengampunan pajak diakui sebesar biaya Tax amnesty assets are measured at acquisition
perolehan berdasarkan Surat Keterangan cost based on Tax Amnesty Acknowledgement
Pengampunan Pajak (SKPP). Liabilitas Letter (SKPP). Tax amnesty liabilities are
pengampunan pajak diakui sebesar kewajiban measured at contractual obligation to deliver cash
kontraktual untuk menyerahkan kas untuk to settle the obligations directly related to the
menyelesaikan kewajiban yang berkaitan acquisition of tax amnesty assets.
langsung dengan perolehan aset pengampunan
pajak.
Grup mengakui selisih antara aset pengampunan The Group shall recognize the difference between
pajak dan liabilitas pengampunan pajak sebagai assets and liabilities of tax amnesty as part of
bagian dari tambahan modal disetor di ekuitas. additional paid-in capital in equity. This difference
Selisih tersebut tidak dapat diakui sebagai laba shall not be recycled to profit or loss or
atau rugi direalisasi maupun direklasifikasi ke reclassified to retained earnings subsequently.
saldo laba.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Grup telah memilih untuk mengukur kembali aset The Group has opted to remeasure its tax
dan liabilitas pengampunan pajak berdasarkan amnesty assets and liabilities to their fair value
nilai wajar sesuai dengan SAK pada tanggal according to SAK on the date of the SKPP.
SKPP. Selisih pengukuran kembali antara nilai The difference between the aforementioned fair
wajar tersebut dengan biaya perolehan yang telah values with the acquisition cost initially recognized
diakui sebelumnya, disesuaikan dalam saldo is adjusted to “Additional paid-in capital”.
“Tambahan modal disetor”.
Setelah Grup melakukan pengukuran kembali After the Group remeasured its tax amnesty
aset dan liabilitas pengampunan pajak pada nilai assets and liabilities to its fair value according to
wajar sesuai SAK, Grup mereklasifikasi aset dan SAK, the Group reclassified the tax amnesty
liabilitas pengampunan pajak tersebut ke dalam assets and liabilities into similar line items of
pos aset dan liabilitas serupa. assets and liabilities.
v. Selisih Nilai Transaksi Entitas dengan v. Difference in Value from Transaction with Entities
Sepengendali Under Common Control
Kombinasi bisnis entitas sepengendali dicatat Business combination under common control is
berdasarkan PSAK 338, “Kombinasi Bisnis Entitas recorded in accordance with PSAK 338, “Business
Sepengendali”, dengan menggunakan metode Combination of Entities under Common Control,” by
penyatuan kepemilikan. Selisih antara harga using the pooling of interest method. The difference
pengalihan dengan nilai buku dicatat dalam akun between the transfer price and the book value is
“Selisih Nilai Transaksi dengan Entitas Sepengendali” recorded as “Difference in Value from Transaction
dan disajikan sebagai bagian dari akun “Tambahan with Entities Under Common Control” and presented
Modal Disetor” dalam laporan posisi keuangan as part of “Additional Paid-in Capital” account in the
konsolidasian. consolidated statement of financial position.
w. Laba atau Rugi per Saham w. Earning or Loss per Share
Laba atau rugi per saham dasar dihitung dengan Basic earnings or losses per share are calculated by
membagi laba atau rugi yang dapat diatribusikan dividing profits or losses attributable to ordinary equity
kepada pemegang saham biasa entitas induk, holders of the parent entity, by the weighted average
dengan jumlah rata-rata tertimbang saham biasa number of ordinary shares outstanding, during the
yang beredar, dalam suatu periode. period.
Laba atau rugi per saham dilusian dihitung dengan Diluted earnings or losses per share are calculated by
membagi laba atau rugi yang dapat diatribusikan dividing profits or losses attributable to ordinary equity
kepada pemegang saham biasa entitas induk, holders of the parent entity, by the weighted average
dengan jumlah rata-rata tertimbang saham yang number of shares outstanding, for the effects of all
beredar, atas dampak dari semua efek yang dilutive potential ordinary shares.
mempunyai potensi saham biasa yang bersifat dilutif.
x. Provisi dan Kontinjensi x. Provisions and Contingencies
Provisi diakui jika Grup memiliki kewajiban kini (baik Provisions are recognized when the Group has a
bersifat hukum maupun bersifat konstruktif) yang present obligation (legal or constructive) where, as a
akibat peristiwa masa lalu, besar kemungkinannya result of a past event, it is probable that an outflow of
penyelesaian kewajiban tersebut mengakibatkan arus resources embodying economic benefits will be
keluar sumber daya yang mengandung manfaat required to settle the obligation and a reliable
ekonomi dan estimasi yang andal mengenai jumlah estimate can be made of the amount of the obligation.
kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap akhir periode pelaporan Provisions are reviewed at each end of reporting
dan disesuaikan untuk mencerminkan estimasi period and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar sumber daya estimate. If it is no longer probable that an outflow of
untuk menyelesaikan kewajiban kemungkinan besar resources embodying economic benefits will be
tidak terjadi, maka provisi dibatalkan. required to settle the obligation, the provision is
reversed.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 3. MATERIAL ACCOUNTING POLICIES (Continued)
Aset dan liabilitas kontinjensi tidak diakui dalam Contingent assets and liabilities are not recognized in
laporan keuangan konsolidasian. Liabilitas kontinjensi the consolidated financial statements. Contingent
diungkapkan dalam laporan keuangan konsolidasian, liabilities are disclosed in the consolidated financial
kecuali arus keluar sumber daya yang mengandung statements, unless the possibility of an outflow of
manfaat ekonomi kemungkinannya kecil. Aset resources embodying economic benefits is remote.
kontinjensi diungkapkan dalam laporan keuangan Contingent assets are disclosed in the consolidated
konsolidasian jika terdapat kemungkinan besar arus financial statements where an inflow of economic
masuk manfaat ekonomis akan diperoleh. benefits is probable.
y. Dividen y. Dividends
Pembagian dividen final diakui sebagai liabilitas Final dividend distributions are recognized as a
ketika dividen tersebut disetujui Rapat Umum liability when the dividends are approved in the
Pemegang Saham Perusahaan. Pembagian dividen General Meeting of the Company’s Shareholders.
diakui sebagai liabilitas ketika dividen disetujui Dividend distributions are recognized as a liability
berdasarkan keputusan rapat Direksi sesuai dengan when the dividends are approved based on a Board
Anggaran Dasar Perusahaan. of Directors’ resolution in accordance with the
Company’s Articles of Association.
z. Informasi Segmen z. Segment Information
Entitas mengungkapkan informasi yang Entities disclose information that enable users of the
memungkinkan pengguna laporan keuangan untuk financial statements to evaluate the nature and
mengevaluasi sifat dan dampak keuangan dari financial effects of the business activities and use
aktivitas bisnis dan menggunakan “pendekatan “management approach” under which segment
manajemen” dalam menyajikan informasi segmen information is presented on the same basis as that
menggunakan dasar yang sama seperti halnya used for internal reporting purposes. Operating
pelaporan internal. Segmen operasi dilaporkan segment is reported in a manner consistent with the
dengan cara yang konsisten dengan pelaporan internal reporting provided to the chief operating
internal yang disampaikan kepada pengambil decision-maker. The chief operating decision-maker
keputusan operasional. Dalam hal ini pengambil has been identified as the Board of Directors that
keputusan operasional yang mengambil keputusan makes strategic decisions.
strategis adalah Direksi.
4. ESTIMASI DAN PERTIMBANGAN AKUNTANSI 4. CRITICAL ACCOUNTING ESTIMATES AND
YANG PENTING JUDGMENTS
Penyusunan laporan keuangan konsolidasian, sesuai The preparation of consolidated financial statements, in
dengan Standar Akuntansi Keuangan di Indonesia, conformity with Indonesian Financial Accounting
mewajibkan manajemen untuk membuat estimasi dan Standards, requires management to make estimations
pertimbangan yang memengaruhi jumlah-jumlah yang and judgments that affect amounts reported therein. Due
dilaporkan dalam laporan keuangan. Sehubungan to the inherent uncertainty in making estimates, actual
dengan adanya ketidakpastian yang melekat dalam results reported in future periods may differ from those
membuat estimasi, hasil sebenarnya yang dilaporkan di estimates.
masa mendatang dapat berbeda dengan jumlah estimasi
yang dibuat.
Grup mendasarkan estimasi dan pertimbangannya pada The Group based its estimations and judgments on
parameter yang tersedia pada saat laporan keuangan parameters available when the financial statements are
disusun. Situasi mengenai perkembangan masa depan prepared. Existing circumstances about future
mungkin berubah akibat perubahan pasar atau situasi developments may change due to market changes or
di luar kendali Grup. Perubahan tersebut dicerminkan circumstances arising beyond the control of the Group.
dalam pertimbangan terkait pada saat terjadinya. Such changes are reflected in the judgments as they
occur.
Estimasi dan pertimbangan berikut ini dibuat oleh The following estimations and judgments made by
manajemen dalam rangka penerapan kebijakan management in the process of applying the Group’s
akuntansi Grup yang memiliki pengaruh paling signifikan accounting policies have the most significant effects on
atas jumlah yang diakui dalam laporan keuangan the amounts recognized in the consolidated financial
konsolidasian: statements:
41
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. ESTIMASI DAN PERTIMBANGAN AKUNTANSI 4. CRITICAL ACCOUNTING ESTIMATES AND
YANG PENTING (Lanjutan) JUDGMENTS (Continued)
Menentukan mata uang fungsional Determining functional currency
Faktor-faktor yang dipertimbangkan dalam menentukan The factors considered in determining the functional
mata uang fungsional Perusahaan dan masing-masing currency of the Company and each of its Subsidiary
Entitas Anak termasuk, antara lain, mata uang: include, among others, the currency:
- yang paling memengaruhi harga jual barang dan jasa; - that mainly influences sales prices for goods and
services;
- dari negara yang kekuatan persaingan dan - of the country whose competitive forces and
peraturannya sebagian besar menentukan harga jual regulations mainly determine the sales prices of its
barang dan jasa entitas; goods and services;
- yang paling memengaruhi biaya tenaga kerja, bahan - that mainly influences labor, material and other costs
baku, dan biaya lain dari pengadaan barang atau of providing goods or services;
jasa;
- yang mana dana dari aktivitas pendanaan dihasilkan; - in which funds from financing activities are generated;
dan and
- yang mana penerimaan dari aktivitas operasi pada - in which receipts from operating activities are usually
umumnya ditahan. retained.
Berdasarkan substansi ekonomis dari kondisi yang Based on the economic substance of the underlying
sesuai dengan Grup, mata uang fungsional telah circumstances relevant to the Group, the functional
ditentukan berupa Rupiah (Rp), karena hal ini berkaitan currency has been determined to be Rupiah (Rp), as this
dengan fakta bahwa mayoritas bisnis Grup dipengaruhi reflects the fact that majority of the Group’s businesses
oleh lingkungan ekonomi utama dimana Grup beroperasi are influenced by primary economic environment in
dan harga jual barang dalam mata uang Rp. which the Group operates and sales prices for goods are
in Rp currency.
Menentukan klasifikasi aset dan liabilitas keuangan Determining classification of financial assets and
financial liabilities
Grup menetapkan klasifikasi atas aset dan liabilitas The Group determines the classification of certain assets
tertentu sebagai aset keuangan dan liabilitas keuangan and liabilities as financial assets and financial liabilities
dengan mempertimbangkan apakah definisi yang by judging if they meet the definition set forth in
ditetapkan PSAK 109, “Instrumen Keuangan”, dipenuhi. PSAK 109, “Financial Instruments,”. Accordingly, the
Dengan demikian, aset keuangan dan liabilitas keuangan financial assets and financial liabilities are accounted for
diakui sesuai dengan kebijakan akuntansi Grup seperti in accordance with the Group’s accounting policies as
diungkapkan pada Catatan 3. disclosed in Note 3.
Menentukan nilai wajar dan perhitungan biaya perolehan Determining fair value and calculation of cost
diamortisasi dari instrumen keuangan amortization of financial instruments
Grup mencatat aset dan liabilitas keuangan tertentu The Group records certain financial assets and liabilities
pada nilai wajar dan pada biaya perolehan diamortisasi, at fair values and at amortized costs, which require
yang mengharuskan penggunaan estimasi akuntansi. the use of accounting estimates. While significant
Sementara komponen signifikan atas pengukuran nilai components of fair value measurement and assumptions
wajar dan asumsi yang digunakan dalam perhitungan used in the calculation of cost amortization are
biaya perolehan diamortisasi ditentukan menggunakan determined using verifiable objective evidence, the fair
bukti objektif yang dapat diverifikasi, jumlah nilai wajar value or amortization amount would differ if the Group
atau amortisasi dapat berbeda bila Grup menggunakan utilized different valuation methodology or assumptions.
metodologi penilaian atau asumsi yang berbeda. Such changes would directly affect the Group’s profit or
Perubahan tersebut dapat memengaruhi secara loss. Further details are disclosed in Note 43.
langsung laba rugi Grup. Penjelasan lebih rinci
diungkapkan dalam Catatan 43.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. ESTIMASI DAN PERTIMBANGAN AKUNTANSI 4. CRITICAL ACCOUNTING ESTIMATES AND
YANG PENTING (Lanjutan) JUDGMENTS (Continued)
Menentukan penyisihan kerugian kredit ekspektasian Determining provision for expected credit losses of trade
atas piutang usaha receivables
Grup menggunakan matriks provisi untuk menghitung The Group uses a provision matrix to calculate expected
kerugian kredit ekspektasian untuk piutang usaha. credit losses for trade receivables. The level of provision
Tingkat provisi didasarkan pada piutang yang telah jatuh rates are based on accounts receivable that are past due
tempo dengan pengelompokan berbagai segmen with grouping of various customer segments that have
pelanggan yang memiliki pola yang sama (seperti: letak the same pattern (such as: geographic location, product
geografis, jenis produk serta jenis dan peringkat type and type and customer rating).
pelanggan).
Matriks provisi pada awalnya didasarkan pada tingkat The provision matrix is initially based on historical default
gagal bayar historis yang diobservasi oleh Grup. Grup rates observed by the Group. The Group adjusts its
menyesuaikan pengalaman kerugian kredit historis historical credit losses experience with future
dengan informasi masa depan. Misalnya, jika perkiraan information. For example, if the forecast for economic
kondisi ekonomi diperkirakan akan memburuk selama conditions is expected to deteriorate over the next year,
setahun ke depan yang dapat menyebabkan which could lead to an increase in the amount of default,
peningkatan jumlah gagal bayar, pada setiap tanggal at each reporting date, the observed historical default
pelaporan, tingkat gagal bayar historis yang diobservasi rates are updated and changes in future forecasts are
diperbarui dan perubahan perkiraan masa depan analyzed by the Group.
dianalisis oleh Grup.
Jumlah kerugian kredit ekspektasian sensitif terhadap The amount of expected credit losses is sensitive to
perubahan keadaan dan perkiraan kondisi ekonomi. changes in circumstances and of forecast economic
Pengalaman kerugian kredit historis Grup dan perkiraan conditions. The Group’s historical credit loss experience
kondisi ekonomi juga tidak dapat mewakili gagal bayar and forecast of economic conditions may also not be
aktual pelanggan di masa depan. Rincian lebih lanjut representative of customer’s actual default in the future.
diungkapkan di Catatan 7 dan 8. Further details are disclosed in Notes 7 and 8.
Menilai jumlah terpulihkan dari aset nonkeuangan Assessing recoverable amounts of non-financial assets
Penyisihan penurunan nilai pasar dan keusangan Allowance for impairment in market value and
persediaan diestimasi berdasarkan fakta dan situasi obsolescence of inventories is estimated based on
yang tersedia, termasuk namun tidak terbatas kepada, available facts and circumstances, including but not
kondisi fisik persediaan yang dimiliki, harga jual pasar, limited to, the inventories own physical condition, their
estimasi biaya penyelesaian dan estimasi biaya yang market selling prices, estimated costs of completion and
timbul untuk penjualan. Penyisihan dievaluasi kembali estimated costs to be incurred for their sales. The
dan disesuaikan jika terdapat tambahan informasi yang provision is re-evaluated and adjusted as additional
memengaruhi jumlah yang diestimasi. Penjelasan lebih information received affects the estimated amount.
rinci diungkapkan dalam Catatan 9. Further details are disclosed in Note 9.
Jumlah terpulihkan investasi pada entitas asosiasi, The recoverable amounts of investments in associates,
investasi jangka panjang lainnya, aset tetap dan other long-term investments, fixed assets and other non-
aset tidak lancar lainnya didasarkan pada estimasi current assets are based on estimates and assumptions
dan asumsi khususnya mengenai prospek pasar regarding in particular the expected market outlook and
dan arus kas terkait dengan aset. Estimasi arus kas future cash flows associated with the assets. Estimated
masa depan mencakup perkiraan mengenai pendapatan future cash flows include estimates of future revenues.
masa depan. Setiap perubahan dalam estimasi Any changes in these estimations may have a material
ini mungkin memiliki dampak material terhadap impact on the measurement of the recoverable amount
pengukuran jumlah terpulihkan dan bisa mengakibatkan and could result in adjustments to the allowance of
penyesuaian penyisihan penurunan nilai yang sudah impairment already booked. Further details are disclosed
dibukukan. Penjelasan lebih rinci diungkapkan dalam in Notes 12, 13, 14 and 18.
Catatan 12, 13, 14 dan 18.
43
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Page 517
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. ESTIMASI DAN PERTIMBANGAN AKUNTANSI 4. CRITICAL ACCOUNTING ESTIMATES AND
YANG PENTING (Lanjutan) JUDGMENTS (Continued)
Menentukan metode penyusutan dan estimasi masa Determining depreciation method and estimated useful
manfaat aset tetap lives of fixed assets
Biaya perolehan aset tetap disusutkan dengan The costs of fixed assets are depreciated on a straight-
menggunakan metode garis lurus berdasarkan estimasi line basis over their estimated useful lives. Management
masa manfaatnya. Manajemen mengestimasi masa properly estimates the useful lives of these fixed assets
manfaat aset tetap tiga (3) tahun sampai dengan dua to be within three (3) years up to twenty (20) years.
puluh (20) tahun. Ini adalah ekspektasi umur yang These are common life expectancies applied in the
secara umum diterapkan dalam industri dimana Grup industries in which the Group conducts its business.
menjalankan bisnisnya. Perubahan tingkat pemakaian Changes in the expected level of usage and
dan perkembangan teknologi dapat memengaruhi masa technological development could impact on the useful
manfaat dan nilai sisa aset dan karenanya biaya lives and the residual values of these assets and
penyusutan masa depan mungkin direvisi. Penjelasan therefore future depreciation charges could be revised.
lebih rinci diungkapkan dalam Catatan 14. Further details are disclosed in Note 14.
Menentukan metode amortisasi dan estimasi volume lalu Determining amortization method and estimated traffic
lintas volume
Dalam menentukan amortisasi hak pengusahaan jalan In determining amortization of toll road concession rights,
tol, manajemen memproyeksikan volume lalu lintas the Management has to project traffic volume after
setelah tahun berjalan selama sisa periode perjanjian current year for the remaining years of the concession
konsesi. Volume lalu lintas diproyeksikan berdasarkan agreement. Traffic volume is projected based on the
jumlah kendaraan dan disesuaikan dengan number of vehicles and adjusted by comparison to actual
perbandingan terhadap volume lalu lintas aktual. vehicle volume.
Namun seiring berjalannya waktu, volume lalu lintas However, the actual vehicle volume in the future could
aktual dapat berbeda dengan estimasi tersebut, differ from the estimate, depending upon changes in
bergantung pada perubahan faktor eksternal yang dapat external factors that may affect toll rates and vehicle
mempengaruhi tarif tol dan volume lalu lintas. volume.
Penjelasan lebih rinci diungkapkan dalam Catatan 15. Further details are disclosed in Note 15.
Menilai pengendalian atau pengaruh signifikan pada Assessing control or significant influence on other
entitas lain entities
Grup menilai apakah Grup memiliki pengendalian atau The Group has assessed the significant influence of the
pengaruh signifikan pada entitas lain melalui: Group in other entities through:
• adanya dewan perwakilan Grup pada entitas lain dan • the presence of the board representative of the
pernyataan kontraktual. Group and the contractual term.
• Grup merupakan pemegang saham mayoritas • the Group is the majority shareholder with greater
dengan kepentingan ekuitas yang lebih besar dari interest than other shareholders.
pemegang saham lainnya.
• memiliki kekuatan untuk berpartisipasi dalam • has the power to participate in the financial and
pengambilan keputusan keuangan dan operasi. operating policy decisions.
Penjelasan lebih rinci diungkapkan dalam Catatan 12 Further details are disclosed in Notes 12 and 13.
dan 13.
Estimasi biaya dan liabilitas imbalan pascakerja Estimate of post-employment benefits expense and
liability
Penentuan liabilitas dan biaya imbalan pascakerja Grup The determination of the Group’s liability and expense
bergantung pada pemilihan asumsi yang digunakan for post-employment benefits is dependent on its
dalam menghitung jumlah-jumlah tersebut. Asumsi selection of certain assumptions used in calculating such
tersebut termasuk antara lain, tingkat diskonto, tingkat amounts. These assumptions include among others,
kenaikan gaji, tingkat pengunduran diri, tingkat cacat, discount rate, salary increment rate, turnover rates,
umur pensiun normal dan tingkat mortalitas. disability rate, normal pension age and mortality rate.
44
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. ESTIMASI DAN PERTIMBANGAN AKUNTANSI 4. CRITICAL ACCOUNTING ESTIMATES AND
YANG PENTING (Lanjutan) JUDGMENTS (Continued)
Sementara Grup berkeyakinan bahwa asumsi tersebut While the Group believes that its assumptions are
adalah wajar dan sesuai, perbedaan signifikan pada reasonable and appropriate, significant differences in the
hasil aktual atau perubahan signifikan dalam asumsi Group’s actual results or significant changes in the
yang ditetapkan Grup dapat memengaruhi secara Group’s assumptions may materially affect its post-
material liabilitas dan beban imbalan pascakerja. employment liability and expense. Further details are
Penjelasan lebih rinci diungkapkan dalam Catatan 38. disclosed in Note 38.
Menentukan pajak penghasilan Determining income taxes
Pertimbangan signifikan dilakukan dalam menentukan Significant judgment is involved in determining provision
provisi atas pajak penghasilan badan. Terdapat transaksi for corporate income tax. There are certain transactions
dan perhitungan tertentu yang penentuan pajak akhirnya and computations for which the ultimate tax
tidak pasti sepanjang kegiatan usaha normal. Grup determination is uncertain during the ordinary course of
mengakui liabilitas atas pajak penghasilan badan yang business. The Group recognizes liabilities for expected
diharapkan berdasarkan estimasi apakah akan terdapat corporate income tax based on estimates as to whether
tambahan pajak penghasilan badan yang akan jatuh additional corporate income tax will be due. Further
tempo. Penjelasan lebih rinci diungkapkan dalam details are disclosed in Note 37.
Catatan 37.
Grup menelaah aset pajak tangguhan pada setiap The Group reviews its deferred tax assets at each
tanggal pelaporan dan mengurangi jumlah tercatat reporting date and reduces the carrying amount to the
sepanjang tidak ada kemungkinan bahwa laba kena extent it is no longer probable that sufficient taxable
pajak memadai untuk mengompensasi sebagian atau profits will be available to allow all or part of the deferred
seluruh aset pajak tangguhan. Grup juga menelaah tax asset to be utilized. The Group also reviews the
waktu yang diharapkan dan tarif pajak atas pembalikan expected timing and tax rates upon reversal of temporary
perbedaan temporer dan menyesuaikan pengaruh atas differences and adjusts the impact of deferred tax
pajak tangguhan yang sesuai. Penjelasan lebih rinci accordingly. Further details are disclosed in Note 37.
diungkapkan dalam Catatan 37.
Mengevaluasi provisi dan kontinjensi Evaluating provisions and contingencies
Grup melakukan pertimbangan untuk membedakan The Group exercises its judgment to distinguish between
antara provisi dan kontinjensi serta mempersiapkan provisions and contingencies and sets up appropriate
provisi yang sesuai untuk proses hukum atau kewajiban provisions for its legal or constructive obligations, if any,
konstruktif, jika ada, sesuai dengan kebijakan provisinya in accordance with its policies on provisions and takes
dan mempertimbangkan risiko dan ketidakpastian yang the relevant risks and uncertainty into account.
relevan.
Pada tanggal 31 Desember 2025, Grup berkeyakinan As of December 31, 2025, the Group believes that those
bahwa proses-proses tersebut tidak akan berpengaruh proceedings will not have a significant adverse effect on
secara signifikan terhadap laporan keuangan the consolidated financial statements.
konsolidasian.
5. KAS DAN SETARA KAS 5. CASH AND CASH EQUIVALENTS
2025 2024
Kas Cash on hand
Rupiah 577 402 Rupiah
Kas di bank Cash in banks
Rupiah Rupiah
PT Bank Panin Dubai Syariah Tbk 60.365 - PT Bank Panin Dubai Syariah Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 46.109 17.595 (Persero) Tbk
PT Bank Central Asia Tbk 31.725 45.034 PT Bank Central Asia Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 30.776 21.602 (Persero) Tbk
PT Bank Jakarta 22.652 11.347 PT Bank Jakarta
45
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. KAS DAN SETARA KAS 5. CASH AND CASH EQUIVALENTS
2025 2024
PT Bank Mandiri (Persero) Tbk 14.349 17.293 PT Bank Mandiri (Persero) Tbk
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 4.989 13.176 (Persero) Tbk
PT Bank MNC Internasional Tbk 3.965 16.028 PT Bank MNC Internasional Tbk
Lain-lain (dibawah Rp10 miliar) 8.684 10.777 Others (below Rp10 billion)
Subtotal 223.614 152.852 Subtotal
Mata uang asing Foreign currencies
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 8.924 9.345 (Persero) Tbk
Lain-lain (dibawah Rp10 miliar) 2.984 2.510 Others (below Rp10 billion)
Subtotal 11.908 11.855 Subtotal
Total kas di bank 235.522 164.707 Total cash in banks
Setara kas Cash equivalents
Deposito berjangka (Rupiah) Time deposits (Rupiah)
PT Bank MNC Internasional Tbk 551 - PT Bank MNC Internasional Tbk
PT Bank Muamalat PT Bank Muamalat
Indonesia Tbk - 1.042 Indonesia Tbk
PT Bank Mega Tbk - 1.041 PT Bank Mega Tbk
PT Bank BPR Harapan Saudara - 1.033 PT Bank BPR Harapan Saudara
Total setara kas 551 3.116 Total cash equivalents
Total 236.650 168.225 Total
Kisaran suku bunga tahunan untuk deposito berjangka The annual interest rates of time deposits are 6.75% and
adalah masing-masing sebesar 6,75% dan 2,25% 2.25% to 7.50% for the years ended December 31, 2025
sampai dengan 7,50% untuk tahun yang berakhir pada and 2024, respectively.
tanggal-tanggal 31 Desember 2025 dan 2024.
Seluruh kas dan setara kas ditempatkan pada pihak All placements in cash and cash equivalents are with
ketiga. third parties.
Rincian kas dan setara kas berdasarkan mata uang Details of cash and cash equivalents based on
adalah sebagai berikut: currencies are as follows:
Mata uang 2025 2024 Currencies
Rupiah 224.742 156.370 Rupiah
Dolar AS 11.462 11.734 US Dollar
Euro - 29 Euro
Yen Jepang 446 92 Japanese Yen
Total 236.650 168.225 Total
46
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. INVESTASI JANGKA PENDEK 6. SHORT-TERM INVESTMENTS
2025 2024
Pihak berelasi (Catatan 40b) Related parties (Note 40b)
Efek tersedia untuk dijual Available-for-sale securities
Efek ekuitas tercatat Quoted equity securities
PT Bakrie Sumatera PT Bakrie Sumatera
Plantation Tbk (UNSP) - 3.617 Plantation Tbk (UNSP)
PT Darma Henwa Tbk (DEWA) - 2.753 PT Darma Henwa Tbk (DEWA)
PT Bakrie Telecom Tbk (BTEL) - 2.152 PT Bakrie Telecom Tbk (BTEL)
PT Bakrieland PT Bakrieland
Development Tbk (ELTY) - 504 Development Tbk (ELTY)
PT Energi Mega PT Energi Mega
Persada Tbk (ENRG) - 3 Persada Tbk (ENRG)
Total Pihak Berelasi - 9.029 Total Related Parties
Pihak ketiga Third parties
Diukur pada nilai wajar Fair value through
melalui laba rugi profit or loss
Efek ekuitas tercatat Quoted equity securities
PT Waskita Beton PT Waskita Beton
Precast Tbk (WSBP) 470 327 Precast Tbk (WSBP)
Diperdagangkan (Rp) Held for trading (Rp)
Sherwin Investment Limited 404.060 404.060 Sherwin Investment Limited
Obligasi yang dapat ditukar (Rp) Exchangeable bonds (Rp)
Bellridge Holdings Limited 664.438 - Bellridge Holdings Limited
Obligasi yang dapat ditukar (USD) Exchangeable bonds (USD)
Bellridge Holdings Limited - 339.160 Bellridge Holdings Limited
Dana investasi (Rp) Investment funds (Rp)
Fortesque Investment Fortesque Investment
Holdings Limited 150.000 - Holdings Limited
Biaya perolehan diamortisasi Amortized cost
Deposito berjangka (Rp) Time deposits (Rp)
PT Bank KEB Hana Indonesia 100.000 100.000 PT Bank KEB Hana Indonesia
PT Bank Mandiri (Persero) Tbk 2.200 2.200 PT Bank Mandiri (Persero) Tbk
Subtotal 102.200 102.200 Subtotal
Total Pihak Ketiga 1.321.168 845.747 Total Third Parties
Total 1.321.168 854.776 Total
Efek Tersedia untuk Dijual Available-for-Sale Securities
Kepemilikan saham Grup atas efek tersedia untuk dijual The Group’s share ownership in available-for-sale
adalah sebagai berikut: securities are as follows:
Jumlah saham Number of shares
(dalam ribuan) 2025 2024 (in thousands)
Perusahaan Company
Pihak berelasi Related parties
ELTY - 71.943 ELTY
BTEL - 43.043 BTEL
UNSP - 37.286 UNSP
DEWA - 24.800 DEWA
ENRG - 13 ENRG
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 521
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. INVESTASI JANGKA PENDEK (Lanjutan) 6. SHORT-TERM INVESTMENTS (Continued)
Keuntungan yang belum terealisasi atas perubahan nilai Unrealized gain for changes in the value of
investasi jangka pendek yang disajikan sebagai bagian short-term investments presented as part of equity
dari ekuitas pada tanggal 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024 amounted to nil and
masing-masing sebesar nihil dan Rp0,7 miliar. Rp0.7 billion, respectively.
Aset keuangan yang diukur pada nilai wajar melalui Financial assets measured at fair value through
laba rugi profit or loss
Efek ekuitas tercatat Quoted equity securities
Pada tanggal 4 Agustus 2023, PT Bakrie Autoparts (BA), On August 4, 2023, PT Bakrie Autoparts (BA),
Entitas Anak, telah menerima sebanyak 20.430.454 Subsidiary, received 20,430,454 PT Waskita Beton
saham PT Waskita Beton Precast Tbk (WSBP) yang Precast Tbk (WSBP) shares from the conversion of BA’s
berasal dari konversi piutang usaha BA dari WSBP. trade receivables from WSBP.
Diperdagangkan Held for trading
Pada tanggal 20 Desember 2019, Perusahaan On December 20, 2019, the Company entered into an
menandatangani Perjanjian Investasi dengan Sherwin Investment Agreement with Sherwin Investment Ltd
Investment Ltd (Sherwin), perusahaan yang didirikan di (Sherwin), company incorporated in Marshall Islands that
Kepulauan Marshall yang tidak terafiliasi dengan is not affiliated with the Company, with the value of
Perusahaan, dengan nilai investasi sebesar USD3,6 juta. USD3.6 million. The Company and Sherwin agreed to an
Perusahaan dan Sherwin menyetujui opsi investasi yang investment option which requires Sherwin to deliver,
mengharuskan Sherwin menyerahkan, mengalihkan, transfer, and/or make available 10% share in
dan/atau menyediakan 10% bagian saham PT Petromine PT Petromine Energy Trading on or before maturity date
Energy Trading pada atau sebelum tanggal jatuh tempo (December 16, 2029).
(16 Desember 2029).
Pada tanggal 15 Desember 2022, Perusahaan On December 15, 2022, the Company transferred all of
mengalihkan seluruh hak, liabilitas, tugas dan kewajiban the Company’s rights, liabilities, duties and obligations
berdasarkan Perjanjian Investasi antar Perusahaan under the Investment Agreement between the Company
dengan Sherwin kepada PT Bakrie Pipe Industries (BPI), and Sherwin to PT Bakrie Pipe Industries (BPI),
Entitas Anak. a Subsidiary.
Pada tanggal 15 Desember 2024, BPI dan Sherwin On December 15, 2024, BPI and Sherwin agreed to
menyetujui untuk membuat adendum terhadap an addendum to the Investment Agreement,
Perjanjian Investasi, dengan memasukkan ketentuan incorporating a new provision which states that if
baru yang menyatakan bahwa apabila Sherwin tidak Sherwin is unable or fails to deliver the assets specified
dapat atau gagal menyerahkan aset sebagaimana in the Investment Agreement, Sherwin is obligated to
ditetapkan dalam Perjanjian Investasi, maka Sherwin provide the BPI with a substitute in the form of cash
wajib menyerahkan pengganti kepada BPI dalam bentuk amounting to Rp404.1 billion.
uang tunai sebesar Rp404,1 miliar.
Obligasi yang dapat ditukar Exchangeable bonds
Pada tanggal 5 November 2024, Bellridge Holdings On November 5, 2024, Bellridge Holdings Limited
Limited (Bellridge) menerbitkan obligasi yang dapat (Bellridge) issued exchangeable bonds (EB) amounting
ditukar (EB) sebesar USD21,0 juta kepada Perusahaan. to USD21.0 million to the Company. The EB bears
EB tersebut dikenakan bunga dengan tingkat kupon interest at a coupon rate of 11% per annum and will be
sebesar 11% per tahun dan akan jatuh tempo dalam lima due in five (5) years. These bonds can be exchanged
(5) tahun. Obligasi tersebut dapat ditukar dengan saham into shares or other instruments owned by Bellridge or its
atau instrumen lain yang dimiliki oleh Bellridge atau affiliates.
afiliasinya.
Pada tanggal 10 Februari 2025, Bellridge menerbitkan On February 10, 2025, Bellridge issued exchangeable
obligasi yang dapat ditukar sebesar Rp127,6 miliar bonds amounting to Rp127.6 billion to the Company.
kepada Perusahaan. EB tersebut dikenakan bunga The EB bears interest at a coupon rate of 10% per
dengan tingkat kupon sebesar 10% per tahun dan akan annum and will be due in five (5) years. These bonds can
jatuh tempo dalam lima (5) tahun. Obligasi ini dapat be exchanged into shares or other instruments owned by
ditukar dengan saham atau instrumen lain yang dimiliki Bellridge or its affiliates.
oleh Bellridge atau afiliasinya.
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 522
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. INVESTASI JANGKA PENDEK (Lanjutan) 6. SHORT-TERM INVESTMENTS (Continued)
Pada tanggal 22 Mei 2025, Bellridge menerbitkan On May 22, 2025, Bellridge issued exchangeable bonds
obligasi yang dapat ditukar sebesar Rp127,1 miliar amounting to Rp127.1 billion to the Company. The EB
kepada Perusahaan. EB tersebut dikenakan bunga bears interest at a coupon rate of 11% per annum and
dengan tingkat kupon sebesar 10% per tahun dan akan will be due in five (5) years. These bonds can be
jatuh tempo dalam lima (5) tahun. Obligasi ini dapat exchanged into shares or other instruments owned by
ditukar dengan saham atau instrumen lain yang dimiliki Bellridge or its affiliates.
oleh Bellridge atau afiliasinya.
Pada tanggal 31 Oktober 2025, Bellridge dan On October 31, 2025, Bellridge and BNBR entered into
Perusahaan menandatangani amandemen atas an amendment to the exchangeable bond issuance
perjanjian penerbitan obligasi konversi tanggal agreement dated November 5, 2024, whereby the parties
5 November 2024, dimana para pihak sepakat untuk agreed to amend the terms of the agreement which were
mengubah ketentuan perjanjian yang sebelumnya previously denominated entirely in United States Dollars
seluruhnya menggunakan mata uang Dolar Amerika (USD) to Indonesian Rupiah (Rp).
Serikat (USD) menjadi mata uang Rupiah (Rp).
Pada tanggal 18 Desember 2025, BPI mengadakan On December 18, 2025, BPI entered into a settlement
perjanjian penyelesaian piutang dari Perusahaan atas agreement of the outstanding receivables from the
pengalihan obligasi yang dapat ditukar Bellridge sebesar Company through the transfer of the exchangeable
Rp348,3 miliar. Sejak tanggal pengalihan semua hak, bonds issued by Bellridge amounting to Rp348.3 billion.
kewajiban, tugas dan kewajiban berdasarkan obligasi As of the transfer date all the right, liabilities, duties and
yang dapat ditukar Bellridge telah dialihkan oleh obligations related to the exchangeable bonds issued by
Perusahaan kepada BPI. Bellridge was transferred by the Company to BPI.
Selama tahun berjalan, Perusahaan menerima During the year, the Company received interest income
pendapatan bunga dari investasi pada obligasi yang from the investment in exchangeable bonds and applied
dapat ditukar dan menggunakan sebagian dari part of the interest towards settlement of other payables.
pendapatan bunga tersebut untuk penyelesaian utang Although, the Company did not execute conversion or
lain-lain. Meskipun demikian, Perusahaan tidak realize the principal amount as initially expected,
melakukan konversi atau merealisasikan pokok obligasi management assessed that current presentation remains
sebagaimana yang awalnya diharapkan, manajemen appropriate as the Company retains full ability to convert
menilai bahwa penyajian sebagai aset lancar masih and realize the investment in exchangeable bonds within
sesuai karena Perusahaan memiliki kemampuan penuh twelve (12) months after the reporting date, with no
untuk melakukan konversi dan merealisasikan investasi contractual restrictions.
pada obligasi yang dapat ditukar tersebut dalam jangka
waktu dua belas (12) bulan setelah tanggal pelaporan,
tanpa adanya pembatasan kontraktual.
Dana investasi Investment funds
Pada tanggal 26 November 2025, Perusahaan On November 26, 2025, the Company entered into an
mengadakan perjanjian jasa pengelolaan investasi investment management service agreement with
dengan Fortesque Investment Holdings Limited Fortesque Investment Holdings Limited (Fortesque),
(Fortesque), perusahaan yang didirikan di Kepulauan company incorporated in British Virgin Islands that is not
Virgin Britania Raya yang tidak terafiliasi dengan affiliated with the Company, to manage and implement
Perusahaan, untuk mengelola dan melaksanakan the investment strategy agreed by both parties for total
strategi investasi yang telah disetujui oleh kedua belah investment amounting to Rp150.0 billion.
pihak untuk total investasi sebesar Rp150,0 miliar.
Pada tanggal 31 Desember 2025, nilai buku neto As of December 31, 2025, the net book value of financial
aset keuangan yang diukur pada nilai wajar melalui laba assets at fair value through profit or loss amounted to
rugi sebesar Rp1,2 triliun. Rp1.2 trillion
Pada tanggal 31 Desember 2024, nilai buku neto As of December 31, 2024, the net book value of financial
aset keuangan yang diukur pada nilai wajar melalui laba assets at fair value through profit or loss amounted to
rugi sebesar Rp404,4 miliar dan USD21,0 juta (setara Rp404.4 billion and USD21.0 million (equivalent to
dengan Rp339,2 miliar). Rp339.2 billion).
Deposito berjangka Time deposits
Deposito berjangka merupakan penempatan dana Time deposits represented placements with terms of
dengan jangka waktu empat (4) sampai dengan enam four (4) to six (6) months and earned interest at annual
(6) bulan dan memperoleh suku bunga tahunan berkisar rates ranging from 5.0% to 6.25%.
antara 5,0% sampai dengan 6,25%.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 523
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. INVESTASI JANGKA PENDEK (Lanjutan) 6. SHORT-TERM INVESTMENTS (Continued)
Rincian investasi jangka pendek berdasarkan mata uang Details of short-term investments based on currencies
adalah sebagai berikut: are as follows:
Mata uang 2025 2024 Currencies
Rupiah 1.321.168 515.616 Rupiah
Dolar AS - 339.160 US Dollar
Total 1.321.168 854.776 Total
Manajemen berkeyakinan bahwa tidak terdapat The management believes that there are no events
kejadian-kejadian atau perubahan-perubahan keadaan or changes in circumstances that indicates any
yang mengindikasikan adanya penurunan nilai investasi impairment in the value of short-term investments as of
jangka pendek pada tanggal 31 Desember 2025. December 31, 2025.
7. PIUTANG USAHA 7. TRADE RECEIVABLES
2025 2024
Pendapatan sudah ditagih Billed revenues
Pihak ketiga Third parties
PT Mitsubishi Motors PT Mitsubishi Motors
Kramayudha Indonesia 48.509 40.439 Kramayudha Indonesia
KSO Adhi Hutama Nindya Abipraya 44.783 40.494 KSO Adhi Hutama Nindya Abipraya
PT Pertamina Hulu Rokan 33.320 47.653 PT Pertamina Hulu Rokan
PT Pertamina EP 32.574 - PT Pertamina EP
PT Hino Motors Manufacturing PT Hino Motors Manufacturing
Indonesia 20.733 34.477 Indonesia
John Holland PTY LTD 17.594 17.594 John Holland PTY LTD
PT Krakatau Pipe Industries 16.665 99.750 PT Krakatau Pipe Industries
PT Wijaya Karya (Persero) Tbk 16.381 - PT Wijaya Karya (Persero) Tbk
PT Punj Llyod Indonesia 11.961 11.961 PT Punj Llyod Indonesia
PT Krama Yudha Tiga Berlian 11.846 11.804 PT Krama Yudha Tiga Berlian
PT Waskita Karya (Persero) Tbk 10.755 8.158 PT Waskita Karya (Persero) Tbk
Lihir Gold Ltd 10.074 10.074 Lihir Gold Ltd
PT Brantas Abipraya 8.461 21.240 PT Brantas Abipraya
PT Petroflexx Prima Daya 7.884 27.275 PT Petroflexx Prima Daya
Medco E&P Grissik Ltd 3.548 14.272 Medco E&P Grissik Ltd
PT Sinar Jaya Megah Langgeng 160 61.600 PT Sinar Jaya Megah Langgeng
Konsorsium Petro-BPI-CPM - 30.496 Konsorsium Petro-BPI-CPM
PT Catur Prima Perkasa - 19.735 PT Catur Prima Perkasa
PT Indal Steel Pipe - 15.765 PT Indal Steel Pipe
KSO Waskita - Nindya - 12.415 KSO Waskita - Nindya
Lain-lain (dibawah Rp10 miliar) 160.571 132.149 Others (below Rp10 billion)
Total pihak ketiga 455.819 657.351 Total third parties
Pihak berelasi (Catatan 40a) 56.176 55.892 Related parties (Note 40a)
Total pendapatan sudah ditagih 511.995 713.243 Total billed revenues
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 524
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG USAHA (Lanjutan) 7. TRADE RECEIVABLES (Continued)
2025 2024
Pendapatan belum ditagih Unbilled revenues
Pihak ketiga 276.356 190.539 Third parties
Total 788.351 903.782 Total
Dikurangi penyisihan kerugian Less allowance for
atas penurunan nilai (102.802) (106.006) impairment losses
Neto 685.549 797.776 Net
Mutasi penyisihan kerugian atas penurunan nilai piutang The movements in the allowance for impairment losses
usaha adalah sebagai berikut: on trade receivables are as follows:
2025 2024
Saldo awal 106.006 147.834 Beginning balance
Perubahan selama tahun berjalan: Changes during the year:
Penyisihan kerugian
penurunan nilai 10.746 8.894 Provision for impairment losses
Pemulihan penyisihan (13.950) (35.636) Reversal of provision
Dekonsolidasi entitas anak - (15.086) Deconsolidation of subsidiary
Saldo Akhir 102.802 106.006 Ending Balance
Rincian umur piutang usaha adalah sebagai berikut: Details of aging schedule of trade receivables are as
follows:
2025 2024
Belum jatuh tempo Not yet past due until
sampai dengan 1 bulan 151.915 261.680 up to 1 month
1 bulan - 3 bulan 169.775 351.360 1 month - 3 months
3 bulan - 6 bulan 66.459 31.475 3 months - 6 months
6 bulan - 1 tahun 15.522 4.922 6 months - 1 year
Lebih dari 1 tahun 384.680 254.345 Over 1 year
Total 788.351 903.782 Total
Dikurangi penyisihan kerugian Less allowance for
atas penurunan nilai (102.802) (106.006) impairment losses
Neto 685.549 797.776 Net
Rincian piutang usaha berdasarkan mata uang adalah Details of trade receivables based on currencies are as
sebagai berikut: follows:
Mata uang 2025 2024 Currencies
Rupiah 676.193 768.490 Rupiah
Dolar AS 9.356 29.286 US Dollar
Total 685.549 797.776 Total
Manajemen berkeyakinan bahwa penyisihan kerugian The management believes that the allowance for
atas penurunan nilai piutang usaha adalah cukup untuk impairment losses on trade receivables is adequate to
menutup kemungkinan kerugian atas tidak tertagihnya cover possible losses on uncollectible trade receivables.
piutang usaha.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
Page 525
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG USAHA (Lanjutan) 7. TRADE RECEIVABLES (Continued)
Pada tanggal 31 Desember 2025 dan 2024, beberapa As of December 31, 2025 and 2024, several Subsidiaries
Entitas Anak menggunakan piutang usaha sebagai used trade receivables as collateral for short-term and
jaminan atas pinjaman jangka pendek dan jangka long-term loans (Notes 19 and 26).
panjang (Catatan 19 dan 26).
8. PIUTANG LAIN-LAIN 8. OTHER RECEIVABLES
2025 2024
Pihak ketiga Third parties
Rupiah Rupiah
CV Inti Mandiri Sadaya 177.619 177.619 CV Inti Mandiri Sadaya
PT Kuantum Akselerasi Indonesia 53.530 53.530 PT Kuantum Akselerasi Indonesia
PT Surya Ganesa Amani 41.270 41.270 PT Surya Ganesa Amani
PT Mandala Raya Yuwana 36.677 2.584 PT Mandala Raya Yuwana
PT Praja Persada Imperium 31.433 30.220 PT Praja Persada Imperium
Lembaga Manajemen Aset Lembaga Manajemen Aset
Negara (LMAN) 29.061 - Negara (LMAN)
Lain-lain (dibawah Rp10 miliar) 30.405 48.322 Others (below Rp10 billion)
Subtotal 399.995 353.545 Subtotal
Mata uang asing Foreign currencies
TJA Power Corporation (Asia) Ltd. 226.169 217.813 TJA Power Corporation (Asia) Ltd.
Poseidon Corporate Services Ltd. 114.758 202.025 Poseidon Corporate Services Ltd.
Xenica Trading Ltd. 26.017 28.984 Xenica Trading Ltd.
Subtotal 366.944 448.822 Subtotal
Total pihak ketiga 766.939 802.367 Total third parties
Pihak berelasi (Catatan 40c) Related parties (Note 40c)
PT Lativi Media Karya 5.000 5.000 PT Lativi Media Karya
Lain-lain (dibawah Rp10 miliar) 3.483 - Others (below Rp10 billion)
Total 775.422 807.367 Total
Dikurangi penyisihan kerugian Less allowance for
atas penurunan nilai (387.404) (279.677) impairment losses
Neto 388.018 527.690 Net
Mutasi penyisihan kerugian atas penurunan nilai piutang The movements in the allowance for impairment losses
lain-lain adalah sebagai berikut: on other receivables are as follows:
2025 2024
Saldo awal 279.677 272.075 Beginning balance
Perubahan selama tahun berjalan: Changes during the year:
Penyisihan penurunan nilai 99.084 - Provision for impairment losses
Selisih kurs 8.356 10.053 Foreign exchange translation
Pemulihan penyisihan (409) (2.451) Reversal of provision
Akuisisi entitas anak 696 - Acquisition of new subsidiary
Saldo Akhir 387.404 279.677 Ending Balance
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Implementation Report Responsibility
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG LAIN-LAIN (Lanjutan) 8. OTHER RECEIVABLES (Continued)
Rincian umur piutang lain-lain adalah sebagai berikut: Details of aging schedule of other receivables are as
follows:
2025 2024
1 bulan - 3 bulan 65.738 - 1 month - 3 months
3 bulan - 6 bulan 34.916 30.220 3 months - 6 months
Lebih dari 6 bulan 674.768 777.147 Over 6 months
Total 775.422 807.367 Total
Dikurangi penyisihan kerugian Less allowance for
atas penurunan nilai (387.404) (279.677) impairment losses
Neto 388.018 527.690 Net
CV Inti Mandiri Sadaya (IMS) CV Inti Mandiri Sadaya (IMS)
Pada tanggal 28 Oktober 2016, Perusahaan mengakui On October 28, 2016, the Company recognized
hak tagih dari IMS sehubungan dengan layanan teknis receivables from IMS in relation to technical services
yang disediakan oleh PT Bakrie Power (BP), Entitas provided by PT Bakrie Power (BP), a Subsidiary, to IMS.
Anak, kepada IMS.
Pada tahun 2023, terdapat kasus yang telah diajukan ke In 2023, there is a case filed to the Supreme Court of the
Mahkamah Agung Republik Indonesia antara IMS dan Republic of Indonesia between IMS and the Company
Perusahaan terkait piutang tersebut (Catatan 47). related to the outstanding receivable mentioned above
(Note 47).
Mahkamah Agung telah memutuskan mengabulkan The Supreme Court has rendered a decision granting the
permohonan kasasi Perusahaan sehingga hak tagih cassation petition filed by the Company, thereby
terhadap IMS terkait layanan teknis tetap berlaku. affirming the validity of its right to claim payment from
IMS in relation to technical services.
Pada tahun 2024, setelah keluarnya putusan Mahkamah In 2024, following the issuance of the Supreme Court’s
Agung, IMS mengajukan gugatan kembali ke Pengadilan award, IMS filed a new lawsuit with the South Jakarta
Negeri Jakarta Selatan dengan Tergugat yaitu District Court, naming the Company as the Defendant
Perusahaan dan BP sebagai Turut Tergugat. Pengadilan and BP as a Co-Defendant. The District Court ruled that
Negeri telah memutuskan bahwa gugatan IMS tidak IMS’ claim was inadmissible (niet ontvankelijk verklaard).
dapat diterima (niet ontvankelijk verklaard). Setelah After the District Court issued its decision, IMS filed an
keluarnya putusan Pengadilan Negeri, IMS mengajukan appeal to DKI Jakarta High Court, the appeal was later
permohonan Banding ke Pengadilan Tinggi DKI Jakarta, withdrawn by IMS (Note 47).
permohonan Banding tersebut kemudian dicabut oleh
IMS. (Catatan 47).
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan IMS sebesar Rp177,6 miliar. balance of the receivable from IMS amounted to
Rp177.6 billion.
PT Kuantum Akselerasi Indonesia (KAI) PT Kuantum Akselerasi Indonesia (KAI)
Pada tanggal 26 Januari 2023, PT Bakrie Metal On January 26, 2023, PT Bakrie Metal Industries (BMI),
Industries (BMI), Entitas Anak, menandatangani a Subsidiary, entered into Shares Sale and Purchase
Perjanjian Jual Beli Saham dan Pemindahan Hak Agreement and Transfer of Rights of Shares to KAI for
atas Saham kepada KAI sejumlah 5.353.000.000 saham 5,353,000,000 shares owned by BMI at value of
milik BMI dengan nilai Rp10 per saham sejumlah Rp10 per share for a total amount of Rp53.5 billion.
Rp53,5 miliar.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan KAI sebesar Rp53,5 milliar. balance of the receivable from KAI amounted to
Rp53.5 billion.
53
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 527
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG LAIN-LAIN (Lanjutan) 8. OTHER RECEIVABLES (Continued)
PT Surya Ganesa Amani (SGA) PT Surya Ganesa Amani (SGA)
Pada tanggal 23 September 2022, Perusahaan dan SGA On September 23, 2022, the Company and SGA entered
menandatangani perjanjian utang piutang sebesar into a loan agreement amounting to Rp5.3 billion for joint
Rp5,3 miliar untuk modal kerja sama yang dikenakan working capital that bears annual interest of 3.0% and
bunga tahunan sebesar 3,0% dan jatuh tempo pada due on September 23, 2023. This agreement has been
tanggal 23 September 2023. Perjanjian ini telah diubah amended to extend the due date to September 23, 2026.
untuk memperpanjang tanggal jatuh tempo sampai
dengan 23 September 2026.
Pada tanggal 21 Agustus 2023, PT VKTR Teknologi On August 21, 2023, PT VKTR Teknologi Mobilitas Tbk
Mobilitas Tbk (VKTR), Entitas Anak, dan SGA, (VKTR), a Subsidiary, and SGA, entered into a loan
menandatangani perjanjian utang piutang sebesar agreement amounting to Rp4,0 billion for joint working
Rp4,0 miliar untuk modal kerja sama, yang dikenakan capital that bears annual interest of 2.5% and was due
bunga tahunan sebesar 2,5% dan telah jatuh tempo on August 20, 2024. This agreement was extended, most
pada tanggal 20 Agustus 2024. Perjanjian ini telah recently on August 19, 2024, and extends the due date
diperpanjang, terakhir pada tanggal 19 Agustus 2024, of the agreement until August 20, 2025.
dan memperpanjang tanggal jatuh tempo perjanjian
sampai dengan tanggal 20 Agustus 2025.
Pada tanggal 26 Oktober 2023, VKTR dan SGA On October 26, 2023, VKTR and SGA entered into a
menandatangani perjanjian utang piutang sebesar loan agreement amounting to Rp4.7 billion for joint
Rp4,7 miliar untuk modal kerja sama yang dikenakan working capital that bears annual interest of 2.5% and
bunga tahunan sebesar 2,5% dan telah jatuh tempo was due on December 31, 2023. This agreement has
pada tanggal 31 Desember 2023. Perjanjian ini telah been amended to extend the due date to December 30,
diubah untuk memperpanjang tanggal jatuh tempo 2025.
sampai dengan 30 Desember 2025.
Pada tanggal 27 Februari 2024, VKTR dan SGA On February 27, 2024, VKTR and SGA entered into a
menandatangani perjanjian utang piutang sebesar loan agreement amounting to Rp31.4 billion for joint
Rp31,4 miliar untuk modal kerja sama yang dikenakan working capital that bears annual interest of 2.5% with
bunga tahunan sebesar 2,5% dengan jangka waktu term of twelve (12) months. This agreement has been
selama dua belas (12) bulan. Perjanjian ini telah diubah amended to extend the due date to February 26, 2026.
untuk memperpanjang tanggal jatuh tempo sampai
dengan 26 Februari 2026.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan SGA sebesar Rp41,3 miliar. balance of the receivable from SGA amounted to
Rp41.3 billion.
PT Mandala Raya Yuwana (MRY) PT Mandala Raya Yuwana (MRY)
Pada tanggal 31 Desember 2025, MRY menandatangani On December 31, 2025, MRY received the assignment
perjanjian pengalihan piutang dengan PT Bakrie of receivables from PT Bakrie Autoparts (BA), a
Autoparts (BA), Entitas Anak, dimana BA mengalihkan Subsidiary, pursuant to an assignment agreement. Under
hak tagih atas piutang dari Perusahaan kepada MRY. this agreement, BA transferred its rights to collect
Jumlah piutang yang dialihkan berdasarkan perjanjian receivables from the Company to MRY amounting to
tersebut adalah sebesar Rp34,1 miliar. Rp34.1 billion.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan MRY masing-masing sebesar Rp36,7 miliar dan balance of the receivable from MRY amounted to
nihil. Rp36.7 billion and nil, respectively.
PT Praja Persada Imperium (PPI) PT Praja Persada Imperium (PPI)
Pada tanggal 20 Desember 2023, VKTR dan PPI On December 20, 2023, VKTR and PPI entered into a
menandatangani perjanjian utang piutang sebesar loan agreement amounting to Rp4.3 billion for joint
Rp4,3 miliar untuk modal kerja sama yang dikenakan working capital that bears annual interest of 2.5% and
bunga tahunan sebesar 2,5% dan telah jatuh tempo was due on December 20, 2024. On December 19,
pada tanggal 20 Desember 2024. Pada tanggal 2024, this agreement was amended increasing the total
19 Desember 2024, perjanjian ini telah diubah sehingga loan to Rp9.5 billion.
pinjaman menjadi Rp9,5 miliar.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 528
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG LAIN-LAIN (Lanjutan) 8. OTHER RECEIVABLES (Continued)
Pada tanggal 27 Desember 2024, VKTR dan PPI On December 27, 2024, VKTR and PPI entered into a
menandatangani perjanjian utang piutang sebesar loan agreement amounting to Rp20.8 billion for joint
Rp20,8 miliar untuk modal kerja sama yang dikenakan working capital that bears annual interest of 2.5% with
bunga tahunan sebesar 2,5% dengan jangka waktu term of twelve (12) months.
selama dua belas (12) bulan.
Pada tanggal 28 Mei 2025, Perseroan melepas On May 28, 2025, the Company disposed of 5,246,300
5.246.300 saham UNSP senilai Rp567,0 juta, shares of UNSP amounting to Rp567.0 million,
71.942.500 saham ELTY senilai Rp647,9 juta, dan 71,942,500 shares of ELTY amounting to Rp647.9
12.500 saham ENRG senilai Rp2,2 juta kepada PPI million, and 12,500 shares of ENRG amounting to Rp2.2
dengan nilai keseluruhan sebesar Rp1,2 miliar. million to PPI, with the total amount of Rp1.2 billion.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan PPI masing-masing sebesar Rp31,4 miliar dan balance of the receivable from PPI amounted to
Rp30,2 miliar. Rp31.4 billion and Rp30.2 billion, respectively.
Lembaga Manajemen Aset Negara (LMAN) Lembaga Manajemen Aset Negara (LMAN)
Piutang LMAN beserta piutang dari Pemerintah yang LMAN receivables and its interest receivables are
berkaitan dengan pembayaran PT Cimanggis Cibitung receivables from Government regarding PT Cimanggis
Tollways (CCT), Entitas Anak, untuk pembebasan lahan Cibitung Tollways (CCT), a Subsidiary, payments for land
Cimanggis - Cibitung yang akan digantikan oleh acquisition of Cimanggis - Cibitung that will be
Pemerintah. reimbursed by the Government.
Berdasarkan Peraturan Presiden Republik Indonesia Based on Indonesian Presidential Regulation No. 109
No. 109 tahun 2020 tentang Percepatan Pelaksanaan year 2020 on Accelerating the Implementation of
Proyek Strategis Nasional dan Peraturan Pemerintah Strategic National Projects and Government Regulation
No. 19 tahun 2021 tentang Penyelenggaraan Pengadaan No.19 year 2021 on Land Procurement for Development
Tanah bagi Pembangunan untuk Kepentingan Umum, of Public Interest, funding of land procurement for public
pendanaan pengadaan tanah untuk kepentingan umum interest can be sourced in advance from the entity that
dapat bersumber terlebih dahulu dari dana Badan Usaha will be repaid with funds from the State Budget and
yang akan dibayar kembali dengan dana yang Expenditure.
bersumber dari Anggaran Pendapatan dan Belanja
Negara.
Berdasarkan Akta Notaris No. 03 oleh Notaris Rina Based on Notarial Deed No. 03 of Rina Utami Djauhari,
Utami Djauhari, S.H. tanggal 10 Februari 2020 tentang S.H. dated February 10, 2020, regarding the Amendment
amendemen VII Perjanjian Pengusahaan Jalan Tol VII of the Cimanggis - Cibitung Toll Road concession
Cimanggis - Cibitung, Perusahaan setuju untuk agreement, the Company agreed to provide bridging
menyediakan dana talangan untuk pembebasan lahan fund for land acquisition related to Cimanggis - Cibitung
terkait dengan Jalan Tol Cimanggis - Cibitung dengan Toll Road amounted to Rp6.70 trillion.
jumlah sebesar Rp6,70 trilun.
Piutang Pemerintah dikenakan “biaya dana” sebesar The Government receivable is charged at “cost of fund”
Bank Indonesia 7 day repo rate dan akan dikembalikan using Bank Indonesia 7 day repo rate and will be
setelah permohonan pembayaran dana ganti kerugian refunded after the request for payment of the
disetujui oleh LMAN yang diakui oleh Perusahaan compensation funds approved by LMAN recognized by
sebagai piutang bunga Pemerintah. the Company as Government interest receivables.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan LMAN masing-masing sebesar Rp29,1 miliar dan balance of the receivable from LMAN amounted to
nihil. Rp29.1 billion and nil, respectively.
TJA Power Corporation (Asia) Ltd. (TJA) TJA Power Corporation (Asia) Ltd. (TJA)
Pada tanggal 28 Maret 2012, PT Bakrie Power (BP), On March 28, 2012, PT Bakrie Power (BP), a Subsidiary,
Entitas Anak, memberikan fasilitas pinjaman kepada TJA provided a loan facility to TJA amounting to
sebesar USD5,0 juta yang dikenakan bunga sebesar USD5.0 million that bears annual interest of LIBOR plus
LIBOR ditambah 6,0% per tahun dan telah jatuh tempo 6.0% and was due on March 29, 2014.
pada tanggal 29 Maret 2014.
Pada tanggal 27 Desember 2013, perjanjian atas On December 27, 2013, the loan facility agreement with
pemberian fasilitas pinjaman kepada TJA telah diubah TJA was amended as follows:
sebagai berikut:
a. perpanjangan periode pinjaman untuk dua tahun dan a. extension of the loan period for another two years
jatuh tempo pada tanggal 28 Maret 2016; dan and was due on March 28, 2016; and
55
526
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 529
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG LAIN-LAIN (Lanjutan) 8. OTHER RECEIVABLES (Continued)
b. bunga tahunan atas pinjaman menjadi 5,5% pada b. annual interest on the loan shall be 5.5% for the
tahun kedua, 6,0% pada tahun ketiga dan 6,5% pada second year, 6.0% for the third year and 6.5% for the
tahun keempat. fourth year.
Pada tanggal 20 Agustus 2015, TJA mengalihkan uang On August 20, 2015, TJA assigned to BP its advances in
mukanya di PT Tanjung Jati Power Company (TJPC) PT Tanjung Jati Power Company (TJPC) which reduced
kepada BP untuk mengurangi saldo fasilitas pinjaman the outstanding balance of the loan facility by
sebesar USD2,8 juta. Kemudian, TJA menjual seluruh USD2.8 million. Furthermore, TJA sold all of its shares in
kepemilikan di TJPC dan penerimaan sebesar TJPC and the proceeds amounting to USD1.3 million
USD1,3 juta digunakan untuk penyelesaian utang ke BP. was applied against the loan payable to BP.
Perusahaan telah melakukan penyisihan penuh atas The Company has made a full allowance for impairment
kerugian penurunan nilai atas tidak tertagihnya piutang losses due to uncollectible receivables.
tersebut.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, outstanding balance
pinjaman adalah sebesar USD13,4 juta (masing-masing of the loan facility amounted to USD13.4 million,
setara dengan Rp226,2 miliar dan Rp217,8 miliar). (equivalent to Rp226.2 billion and Rp217.8 billion,
respectively).
Poseidon Corporate Services Ltd. (Poseidon) Poseidon Corporate Services Ltd. (Poseidon)
Pada tanggal 4 Juli 2024, Golden Sands Oasis Ltd On July 4, 2024, Golden Sands Oasis Ltd (GSO),
(GSO), Entitas Anak, dan PPI menandatangani a Subsidiary, and PPI entered into a loan agreement
perjanjian utang piutang sebesar USD15,0 juta untuk amounting to USD15.0 million that bears annual interest
yang dikenakan bunga tahunan sebesar 2% dan akan of 2% and will be within twenty four (24) months.
jatuh tempo dalam waktu dua puluh empat (24) bulan.
Pada tanggal 29 November 2024, GSO, Poseidon dan On November 29, 2024, GSO, Poseidon and PPI
PPI menandatangani Perjanjian Pengalihan Utang entered into a Transfer of Debt Agreement whereby
dimana Poseidon mengambil alih semua kewajiban PPI Poseidon assumed all the obligations of PPI to GSO.
kepada GSO.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan Poseidon masing-masing sebesar USD6,8 juta balance of the receivable from Poseidon amounted to
(setara dengan Rp114,8 miliar) dan USD15,0 juta (setara USD6.8 million (equivalent to Rp114.8 billion) and
dengan Rp202,0 miliar). USD15.0 million (equivalent to Rp202.0 billion),
respectively.
Xenica Trading Ltd (Xenica) Xenica Trading Ltd (Xenica)
Pada tanggal 20 Desember 2024, VKTR telah menjual On December 20, 2024, VKTR sold and transferred its
dan mengalihkan saham Equipmake Holdings PLC shares in Equipmake Holdings PLC (“Equipmake”) to
(“Equipmake”) kepada Xenica Trading Ltd (“Xenica”) Xenica Trading Ltd (“Xenica”) for a total price of
dengan harga total GBP1.425.500 (Catatan 47). GBP1,425,500 (Note 47).
Pada tanggal 5 Maret 2025, VKTR telah menerima uang On March 5, 2025, VKTR received the down payment
muka dari Xenica sebesar Rp5,8 miliar atau setara from Xenica amounting to Rp5.8 billion or equivalent to
dengan 20% dari Harga Jual-Beli. 20% of the Sale-Purchase Price.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
tagihan Xenica masing-masing sebesar Rp26,0 miliar balance of the receivable from Xenica amounted to
dan Rp29,0 miliar. Rp26.0 billion and Rp29.0 billion, respectively.
PT Lativi Media Karya PT Lativi Media Karya
Pada tanggal 28 Desember 2023, PT Bakrie Pipe On December 28, 2023, PT Bakrie Pipe Industries (BPI),
Industries (BPI), Entitas Anak, memberikan fasilitas a Subsidiary, provided a loan facility to PT Lativi Media
pinjaman kepada PT Lativi Media Karya sebesar Karya amounting to Rp20.0 billion. The loan facility bears
Rp20,0 miliar yang dikenakan bunga sebesar 11,5% per interest at 11.5% per annum and due on January 20,
tahun dan jatuh tempo pada tanggal 20 Januari 2024. 2024. This facility was extended and was due on
Fasilitas ini telah diperpanjang dan jatuh tempo pada December 31, 2025.
tanggal 31 Desember 2025.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 530
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG LAIN-LAIN (Lanjutan) 8. OTHER RECEIVABLES (Continued)
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, outstanding balance
pinjaman adalah sebesar Rp5,0 miliar. of the loan facility amounted to Rp5.0 billion.
Rincian piutang lain-lain berdasarkan mata uang adalah Details of other receivables based on currencies are as
sebagai berikut: follows:
Mata uang 2025 2024 Currencies
Rupiah 247.243 296.681 Rupiah
Dolar AS 114.758 202.025 US Dollar
Pound Sterling Inggris 26.017 28.984 Great British Pound
Total 388.018 527.690 Total
Manajemen berkeyakinan bahwa penyisihan kerugian The management believes that the allowance for
atas penurunan nilai piutang usaha adalah cukup untuk impairment losses on trade receivables is adequate to
menutup kemungkinan kerugian atas tidak tertagihnya cover possible losses on uncollectible other receivables.
piutang lain-lain.
9. PERSEDIAAN 9. INVENTORIES
2025 2024
Barang jadi 294.607 435.187 Finished goods
Bahan baku 192.962 343.677 Raw materials
Bahan pembantu dan suku cadang 79.346 79.091 Indirect materials and spare-parts
Barang dalam proses 64.695 106.195 Work-in-process
Lain-lain (dibawah Rp10 miliar) 4.289 3.164 Others (below Rp10 billion)
Total 635.899 967.314 Total
Dikurangi penyisihan persediaan Less allowance for inventory
usang (9.528) (9.383) obsolescence
Neto 626.371 957.931 Net
Mutasi penyisihan persediaan usang adalah sebagai Movements in the allowance for inventory obsolescence
berikut: are as follows:
2025 2024
Saldo awal 9.383 16.958 Beginning balance
Perubahan selama tahun berjalan Changes during the year
Penambahan penyisihan 650 - Additional allowance
Pemulihan penyisihan (505) (7.575) Reversal of allowance
Saldo Akhir 9.528 9.383 Ending Balance
Berdasarkan hasil penelaahan atas kondisi persediaan, Based on review of the condition of inventories, the
manajemen berkeyakinan bahwa penyisihan persediaan management believes that the allowance for inventory
usang cukup untuk menutup kemungkinan kerugian atas obsolescence is adequate to cover possible losses due
penurunan nilai persediaan. to the decline in the value of inventories.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 531
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PERSEDIAAN (Lanjutan) 9. INVENTORIES (Continued)
Manajemen mengasuransikan persediaan terhadap The management insured inventories against losses
risiko kebakaran dan risiko lainnya melalui suatu paket from fire and other risks under blanket policies. Total sum
polis. Jumlah nilai pertanggungan asuransi persediaan insured for inventories amounted to Rp98.7 billion and
adalah masing-masing sebesar Rp98,7 miliar dan Rp123.3 billion as of December 31, 2025 and 2024,
Rp123,3 miliar pada tanggal 31 Desember 2025 dan respectively. The insurance coverage for inventories of
2024. Nilai pertanggungan asuransi atas persediaan BA, BUMM, BMC, BMI, BPI, SEAPI and BBI are included
milik BA, BUMM, BMC, BMI, BPI, SEAPI dan BBI in the blanket policies of insurance with fixed assets
ditanggung melalui suatu paket polis gabungan dengan (Note 14). The management believes that the total sum
asuransi aset tetap (Catatan 14). Manajemen insured is adequate to cover possible losses from fire
berkeyakinan bahwa nilai pertanggungan tersebut cukup and certain other risks of the inventories insured.
untuk menutup kemungkinan kerugian dari risiko
kebakaran dan risiko tertentu lainnya atas persediaan
yang dipertanggungkan.
Pada tanggal 31 Desember 2025 dan 2024, persediaan As of December 31, 2025 and 2024, raw materials
bahan baku dan barang jadi sejumlah Rp394,2 miliar dan and finished goods totaling Rp394.2 billion and
Rp639,0 miliar digunakan sebagai jaminan atas Rp639.0 billion, are pledged as collateral for short-term
pinjaman jangka pendek (Catatan 19). loans (Note 19).
10. BEBAN DIBAYAR DIMUKA 10. PREPAID EXPENSES
2025 2024
Asuransi 1.819 1.161 Insurance
Sewa 970 1.707 Rent
Lain-lain (dibawah Rp1 miliar) 2.887 190 Others (below Rp1 billion)
Total 5.676 3.058 Total
Beban dibayar dimuka lain-lain berkaitan dengan biaya Prepaid expenses – others pertain to other operational
operasional lainnya. expenses.
11. ASET LANCAR LAINNYA 11. OTHER CURRENT ASSETS
2025 2024
Kas di bank yang
dibatasi penggunaannya 700.605 7.295 Restricted cash in banks
Uang muka Advances
Pembelian 184.082 48.019 Purchases
Proyek 79.547 78.765 Projects
Operasional 4.516 6.994 Operational
Lain-lain (dibawah Rp10 miliar) 38.973 39.194 Others (below Rp10 billion)
Subtotal 307.118 172.972 Subtotal
Total 1.007.723 180.267 Total
Kas di bank yang dibatasi penggunaannya digunakan Restricted cash in banks are used as collateral for
sebagai jaminan untuk pembayaran pokok atas pinjaman payment of principal for short-term bank loans (Note 19).
bank jangka pendek (Catatan 19). Seluruh kas di bank All placements of restricted cash in banks are with third
yang dibatasi penggunaannya ditempatkan pada pihak parties. Details of restricted cash in banks is as follows:
ketiga. Rincian kas di bank yang dibatasi
penggunaannya sebagai berikut:
58
529
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 532
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET LANCAR LAINNYA (Lanjutan) 11. OTHER CURRENT ASSETS (Continued)
2025 2024
Rupiah Rupiah
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 357.729 - (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 158.135 - PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 112.204 - (Persero) Tbk
PT Bank Nationalnobu Tbk 48.864 - PT Bank Nationalnobu Tbk
PT Bank Central Asia Tbk 14.548 - PT Bank Central Asia Tbk
PT Bank MNC Internasional Tbk 5.977 6.740 PT Bank MNC Internasional Tbk
PT Bank Sinarmas Tbk 2.650 - PT Bank Sinarmas Tbk
Lain-lain (dibawah Rp1 miliar) 331 393 Others (below Rp1 billion)
Mata uang asing Foreign currencies
PT Bank Mandiri (Persero) Tbk 167 - PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk - 162 (Persero) Tbk
Total 700.605 7.295 Total
Uang muka proyek merupakan uang muka yang Advances for projects are advances paid to contractors
dibayarkan kepada kontraktor untuk pembangunan for the construction of production and other facilities
fasilitas produksi dan lainnya (Catatan 47). (Note 47).
Uang muka pembelian merupakan uang muka yang Advances for purchases consist of advances for the
berkaitan dengan pembelian bahan baku. purchases of raw materials.
Uang muka – lain-lain merupakan uang muka pembelian Advances - others consist of advance payments for
untuk kegiatan operasional dan aktivitas pendukung operational and other supporting activities.
lainnya.
12. INVESTASI PADA ENTITAS ASOSIASI 12. INVESTMENT IN ASSOCIATE
31 Desember/ December 31, 2025 dan/and 2024
Persentase
Kepemilikan/
Percentage of
Ownership Jumlah/
Entitas (%) Amount Entity
PT Bakrie Investa Eco Industri 20.00 10.000 PT Bakrie Investa Eco Industri
Pada tanggal 31 Desember 2025 dan 2024, manajemen As of December 31, 2025 and 2024, management
berkeyakinan bahwa tidak terdapat penurunan nilai atas believes that there was no impairment in value of
investasi pada entitas asosiasi. investment in associate.
59
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 533
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. INVESTASI JANGKA PANJANG LAINNYA 13. OTHER LONG-TERM INVESTMENTS
31 Desember / December 31 , 2025
Persentase
Kepemilikan/
Percentage of
Ownership Jumlah/
Penyertaan Saham (%) Amount Investment in Shares of Stock
PT Cakra Agra Abadi 40.00 272.000 PT Cakra Agra Abadi
PT Seamless Pipe Indonesia Jaya 4.80 128.908 PT Seamless Pipe Indonesia Jaya
PT Kalimantan Jawa Gas 20.00 110.045 PT Kalimantan Jawa Gas
PT Sokoria Geothermal Indonesia 3.00 10.342 PT Sokoria Geothermal Indonesia
PT Indomobil Ventura Transportasi 30.00 3.000 PT Indomobil Ventura Transportasi
PT Tanjung Jati Power Company 20.00 1.714 PT Tanjung Jati Power Company
PT Sarana Lampung Ventura 3.05 660 PT Sarana Lampung Ventura
PT Global Komunikasi Dewata 35.00 525 PT Global Komunikasi Dewata
PT Sarana Papua Ventura 5.63 330 PT Sarana Papua Ventura
Total 527.524 Total
31 Desember / December 31 , 2024
Persentase
Kepemilikan/
Percentage of
Ownership Jumlah/
Penyertaan Saham (%) Amount Investment in Shares of Stock
PT Cakra Agra Abadi 40.00 272.000 PT Cakra Agra Abadi
PT Seamless Pipe Indonesia Jaya 4.80 128.908 PT Seamless Pipe Indonesia Jaya
PT Kalimantan Jawa Gas 20.00 110.045 PT Kalimantan Jawa Gas
PT Sokoria Geothermal Indonesia 3.00 10.342 PT Sokoria Geothermal Indonesia
PT Cimanggis Cibitung Tollways 10.00 9.343 PT Cimanggis Cibitung Tollways
PT Tanjung Jati Power Company 20.00 1.714 PT Tanjung Jati Power Company
PT Sarana Lampung Ventura 3.05 660 PT Sarana Lampung Ventura
PT Global Komunikasi Dewata 35.00 525 PT Global Komunikasi Dewata
PT Sarana Papua Ventura 5.63 330 PT Sarana Papua Ventura
Total 533.867 Total
Mutasi investasi jangka panjang lainnya Changes in other long-term investments
2025 2024
Carrying amounts at
Jumlah tercatat awal tahun 533.867 992.709 beginning of year
Penambahan 3.000 272.000 Additions
Akuisisi entitas anak (Catatan 1c) (9.343) - Acquisition of subsidiary (Note 1c)
Pelepasan - (29.421) Disposals
Dekonsolidasi entitas anak - (701.421) Deconsolidation of subsidiary
Jumlah Tercatat Akhir Tahun 527.524 533.867 Carrying Amounts at End of Year
60
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Implementation Report Responsibility
Page 534
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. INVESTASI JANGKA PANJANG LAINNYA (Lanjutan) 13. OTHER LONG-TERM INVESTMENTS (Continued)
PT Indomobil Ventura Transportasi PT Indomobil Ventura Transportasi
Pada bulan Februari 2025, PT VKTR Teknologi In February 2025, PT VKTR Teknologi Mobilitas Tbk,
Mobilitas Tbk, Entitas Anak, melakukan penyertaan a Subsidiary, made an equity investment in PT Indomobil
saham pada PT Indomobil Ventura Transportasi (IVT) Ventura Transportasi (IVT) amounting to Rp3.0 billion
sebesar Rp3,0 miliar untuk pembelian 3.000 lembar for 3,000 shares or equivalent to 30% share ownership
saham atau setara dengan 30% kepemilikan saham di in IVT.
IVT.
PT Cimanggis Cibitung Tollways PT Cimanggis Cibitung Tollways
Pada tanggal 28 November 2025, PT Bakrie Toll On November 28, 2025, PT Bakrie Toll Indonesia (BTI)
Indonesia (BTI) mengakuisisi 72.000.000 saham acquired 72,000,000 shares in PT Cimanggis Cibitung
PT Cimanggis Cibitung Tollways dari PT Sarana Multi Tollways (CCT) from PT Sarana Multi Infrastruktur (SMI)
Infrastruktur (SMI) dan PT Waskita Toll Road (WTR). and PT Waskita Toll Road (WTR). Also part of the
Akuisisi tersebut juga mencakup pinjaman pemegang acquisition is CCT’s shareholder loan from SMI and WTR
saham CCT dari SMI dan WTR yang diklasifikasikan classified as other equity component.
sebagai komponen ekuitas lainnya.
Sebelum transaksi tersebut, Perusahaan dan BTI Prior to this transaction, the Company and BTI held a
memiliki sejumlah 8.000.000 saham atau kepemilikan total of 8,000,000 shares or 10% share ownership in
saham sebesar 10% di CCT, yang dicatat dalam akun CCT, which was recorded under other long-term
investasi jangka panjang lainnya. Sebagai akibat dari investments account. As a result of remeasuring the 10%
pengukuran kembali atas kepentingan ekuitas sebesar equity interest held before the business combination,
10% yang dimiliki sebelum kombinasi bisnis, keuntungan gain from remeasurement of previously held interest
dari pengukuran kembali kepentingan yang dimiliki amounting to Rp422.4 billion was recognized in the
sebelumnya sebesar Rp422,4 miliar diakui dalam consolidated statement of profit or loss and other
laporan laba rugi dan komprehensif lain konsolidasian. comprehensive income.
Setelah akuisisi, saldo investasi jangka panjang lainnya Following the acquisition, the balance of other long-term
direklasifikasi sebagai bagian dari investasi pada entitas investments was reclassified as part of investment in a
anak. subsidiary.
Grup melakukan investasi penyertaan saham pada The Group made certain investments in shares of stock
perusahaan lain yang sahamnya tidak diperdagangkan di of nonlisted companies in order to gain from the potential
bursa dengan tujuan untuk memperoleh hasil dari long-term growth of these companies.
potensi pertumbuhan jangka panjang dari perusahaan-
perusahaan tersebut.
Pada tanggal 31 Desember 2025, manajemen As of December 31, 2025, management believes that
berkeyakinan bahwa tidak terdapat penurunan nilai atas there was no impairment in value of long-term
investasi jangka panjang. investments.
61
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 535
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP 14. FIXED ASSETS
Saldo Saldo
1 Januari/ Akuisisi 31 Desember/
Balance as of Entitas Anak/ Balance as of
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ Acquisition December 31,
2025 Additions Deductions Reclassifications of Subsidiary 2025
Biaya Perolehan Acquisition Costs
Pemilikan langsung Direct ownership
Tanah 391.049 106.031 - - - 497.080 Land
Hak atas tanah 25.643 - - - - 25.643 Landrights
Prasarana tanah 41.242 1.206 - 960 - 43.408 Land improvements
Bangunan dan prasarana 554.640 7.291 (1.679) 129.366 - 689.618 Buildings and improvements
Mesin dan peralatan 2.600.571 109.534 (27.040) 131.290 - 2.814.355 Machinery and equipment
Telecommunication
Alat telekomunikasi 169.543 682 - - - 170.225 equipment
Alat-alat pengangkutan 138.660 17.576 (5.048) 2.245 104 153.537 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor 195.502 10.400 (377) 3.668 2.823 212.016 and fixtures
Subtotal 4.116.850 252.720 (34.144) 267.529 2.927 4.605.883 Subtotal
Aset hak guna Rights of use asset
Perabotan dan peralatan Office equipment, furniture
kantor 2.561 - - - - 2.561 and fixtures
Mesin dan peralatan 24.716 - - - - 24.716 Machinery and equipment
Alat-alat pengangkutan 1.378 - - - 768 2.146 Transportation equipment
Subtotal 28.655 - - - 768 29.423 Subtotal
Aset dalam Pengerjaan Assets under Construction
Prasarana tanah 960 - - (960) - - Land improvements
Bangunan dan prasarana 126.931 4.036 - (129.366) - 1.601 Buildings and improvements
Mesin dan peralatan 113.075 24.024 - (131.290) - 5.809 Machinery and equipment
Alat-alat pengangkutan 6.706 2.469 - (2.245) - 6.930 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor 1.138 3.175 - (3.668) - 645 and fixtures
Subtotal 248.810 33.704 - (267.529) - 14.985 Subtotal
Total Biaya Perolehan 4.394.315 286.424 (34.144) - 3.695 4.650.290 Total Acquisition Costs
Akumulasi Penyusutan Accumulated Depreciation
Pemilikan langsung Direct ownership
Hak atas tanah 17.118 - - - - 17.118 Landrights
Prasarana tanah 25.332 1.768 - - - 27.100 Land improvements
Bangunan dan prasarana 298.425 24.388 - - - 322.813 Buildings and improvements
Mesin dan peralatan 1.689.526 118.672 (24.793) - - 1.783.405 Machinery and equipment
Telecommunication
Alat telekomunikasi 144.975 3.957 - - - 148.932 equipment
Alat-alat pengangkutan 62.344 14.486 (3.332) - 104 73.602 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor 177.039 5.985 (37) - 1.868 184.855 and fixtures
Subtotal 2.414.759 169.256 (28.162) - 1.972 2.557.825 Subtotal
Aset hak guna Right-of-use asset
Perabotan dan peralatan Office equipment, furniture
kantor 2.561 - - - - 2.561 and fixtures
Mesin dan peralatan 4.404 2.094 - - - 6.498 Machinery and equipment
Alat-alat pengangkutan 1.093 13 - - 704 1.810 Transportation equipment
Subtotal 8.058 2.107 - - 704 10.869 Subtotal
Total Akumulasi Total Accumulated
Penyusutan 2.422.817 171.363 (28.162) - 2.676 2.568.694 Depreciation
Penyisihan Kerugian Allowance for
Penurunan Nilai Impairment Loss
Mesin dan peralatan 17.167 - - - - 17.167 Machinery and equipment
Jumlah Tercatat 1.954.331 2.064.430 Carrying Amounts
62
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Implementation Report Responsibility
Page 536
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (Lanjutan) 14. FIXED ASSETS (Continued)
Saldo Saldo
1 Januari/ Dekonsolidasi 31 Desember/
Balance as of Entitas Anak/ Balance as of
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ Deconsolidation December 31,
2024 Additions Deductions Reclassifications of Subsidiary 2024
Biaya Perolehan Acquisition Costs
Pemilikan langsung Direct ownership
Tanah 423.193 - (32.144) - - 391.049 Land
Hak atas tanah 26.118 - (475) - - 25.643 Landrights
Prasarana tanah 41.242 - - - - 41.242 Land improvements
Bangunan dan prasarana 545.116 14.359 (5.523) 951 (263) 554.640 Buildings and improvements
Mesin dan peralatan 2.552.549 49.125 (794) 404 (713) 2.600.571 Machinery and equipment
Telecommunication
Alat telekomunikasi 168.332 1.211 - - - 169.543 equipment
Alat-alat pengangkutan 76.364 50.247 (2.682) 15.152 (421) 138.660 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor 211.500 7.252 (8.326) 2.174 (17.098) 195.502 and fixtures
Subtotal 4.044.414 122.194 (49.944) 18.681 (18.495) 4.116.850 Subtotal
Aset hak guna Rights of use asset
Perabotan dan peralatan Office equipment, furniture
kantor 2.561 - - - - 2.561 and fixtures
Mesin dan peralatan 22.390 2.326 - - - 24.716 Machinery and equipment
Alat-alat pengangkutan 1.378 - - - - 1.378 Transportation equipment
Subtotal 26.329 2.326 - - - 28.655 Subtotal
Aset dalam Pengerjaan Assets under Construction
Prasarana tanah - 960 - - - 960 Land improvements
Bangunan dan prasarana 19.385 123.649 - (16.103) - 126.931 Buildings and improvements
Mesin dan peralatan 3.276 112.377 - (2.578) - 113.075 Machinery and equipment
Alat-alat pengangkutan 3.457 3.249 - - - 6.706 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor - 1.138 - - - 1.138 and fixtures
Subtotal 26.118 241.373 - (18.681) - 248.810 Subtotal
Total Biaya Perolehan 4.096.861 365.893 (49.944) - (18.495) 4.394.315 Total Acquisition Costs
Akumulasi Penyusutan Accumulated Depreciation
Pemilikan langsung Direct ownership
Hak atas tanah 17.805 35 (722) - - 17.118 Landrights
Prasarana tanah 23.708 1.936 (312) - - 25.332 Land improvements
Bangunan dan prasarana 288.051 16.160 (5.523) - (263) 298.425 Buildings and improvements
Mesin dan peralatan 1.614.822 76.691 (542) (806) (639) 1.689.526 Machinery and equipment
Telecommunication
Alat telekomunikasi 138.995 5.980 - - - 144.975 equipment
Alat-alat pengangkutan 56.116 8.805 (2.156) - (421) 62.344 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor 198.882 3.528 (8.326) - (17.045) 177.039 and fixtures
Subtotal 2.338.379 113.135 (17.581) (806) (18.368) 2.414.759 Subtotal
Aset hak guna Right-of-use asset
Perabotan dan peralatan Office equipment, furniture
kantor 2.561 - - - - 2.561 and fixtures
Mesin dan peralatan 1.606 1.992 - 806 - 4.404 Machinery and equipment
Alat-alat pengangkutan 1.093 - - - - 1.093 Transportation equipment
Subtotal 5.260 1.992 - 806 - 8.058 Subtotal
Total Akumulasi Total Accumulated
Penyusutan 2.343.639 115.127 (17.581) - (18.368) 2.422.817 Depreciation
Penyisihan Kerugian Allowance for
Penurunan Nilai Impairment Loss
Mesin dan peralatan 17.167 - - - - 17.167 Machinery and equipment
Jumlah Tercatat 1.736.055 1.954.331 Carrying Amounts
Alokasi beban penyusutan adalah sebagai berikut: Allocation of depreciation expense is as follows:
2025 2024
Beban pokok pendapatan 148.442 99.196 Cost of revenues
Beban umum dan administrasi General and administrative
(Catatan 34) 22.921 15.931 expenses (Note 34)
Total 171.363 115.127 Total
63
534
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 537
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (Lanjutan) 14. FIXED ASSETS (Continued)
Rincian aset dalam pengerjaan adalah sebagai berikut: Details of assets under construction are as follows:
Persentase Estimasi Tahun
Penyelesaian/ Penyelesaian/
Percentage of Nilai Tercatat/ Estimated
Completion Carrying Value Year of
(%) (Rp) Completion
31 Desember 2025 December 31, 2025
Bangunan dan prasarana 51-95 1.601 2026 Buildings and improvements
Mesin dan peralatan 51-95 5.809 2026 Machinery and equipment
Alat-alat pengangkutan 35 6.930 2026 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor 35 645 2026 and fixtures
Total 14.985 Total
31 Desember 2024 December 31, 2024
Prasarana tanah 75-80 960 2025 Land improvements
Bangunan dan prasarana 30-95 126.931 2025 Buildings and improvements
Mesin dan peralatan 18-95 113.075 2025 Machinery and equipment
Alat-alat pengangkutan 90-95 6.706 2025 Transportation equipment
Perabotan dan peralatan Office equipment, furniture
kantor 40-90 1.138 2025 and fixtures
Total 248.810 Total
Manajemen berkeyakinan bahwa tidak ada hambatan The management believes that there are no obstacles
yang dapat mengganggu penyelesaian atas aset-aset that can interfere with the completion of these assets.
tersebut.
Aset tetap dengan pemilikan langsung diasuransikan Direct ownership of fixed assets is covered by insurance
terhadap risiko kebakaran, risiko gempa bumi dan risiko against losses from fire, earthquake and other risk
lainnya berdasarkan suatu paket polis. Jumlah nilai under blanket policies. Total sum insured for fixed
pertanggungan asuransi aset tetap masing-masing assets amounted to Rp1.9 trillion and USD5.0 million
sebesar Rp1,9 triliun dan USD5,0 juta pada tanggal as of December 31, 2025 and Rp1.7 trillion and
31 Desember 2025 dan Rp1,8 triliun dan USD5,0 juta USD5.0 million as of December 31, 2024. The insurance
pada tanggal 31 Desember 2024. Nilai pertanggungan coverage for fixed assets of BMI, BPI, SEAPI, BA,
asuransi atas aset tetap BMI, BPI, SEAPI, BA, BUMM, BUMM, BMC, BIIN and MKN includes sum insured for
BMC, BIIN dan MKN termasuk nilai pertanggungan inventories (Note 9).
asuransi atas persediaan (Catatan 9).
Manajemen berkeyakinan bahwa nilai pertanggungan The management believes that the sum insured is
tersebut telah memadai untuk menutup kemungkinan adequate to cover the possible losses from these insured
kerugian atas aset tetap yang dipertanggungkan. risks.
Pada tanggal 31 Desember 2025 dan 2024, tidak As of December 31, 2025 and 2024, there are no
terdapat aset tetap yang tidak dipakai sementara dan temporarily idle fixed assets and fixed assets retired from
aset tetap yang dihentikan dari penggunaan aktif. active use.
Pada tanggal 31 Desember 2025 dan 2024, jumlah As of December 31, 2025 and 2024, the gross carrying
tercatat aset tetap bruto yang telah disusutkan penuh amount of fully depreciated fixed assets that are
dan masih digunakan adalah masing-masing sebesar still being used amounted to Rp862.0 billion and
Rp862,0 miliar dan Rp833,8 miliar. Rp833.8 billion, respectively.
Pada tanggal 31 Desember 2025 dan 2024, tanah, As of December 31, 2025 and 2024, land, buildings and
bangunan dan mesin milik BPI dan BA, tanah digunakan machinery of BPI and BA are pledged as collateral for
sebagai jaminan atas pinjaman jangka pendek dan short-term loans and long-term loans (Notes 19 and 26).
pinjaman jangka panjang (Catatan 19 dan 26).
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Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP (Lanjutan) 14. FIXED ASSETS (Continued)
Tidak ada perbedaan signifikan antara jumlah There is no significant difference between the
terpulihkan dan jumlah tercatat aset tetap selain mesin recoverable amount and carrying amount of fixed assets
dan peralatan. Kelebihan dari jumlah tercatat terhadap other than machinery and equipment. The excess
jumlah terpulihkan yang diakui sebagai penyisihan of the carrying amount against the recoverable
kerugian penurunan nilai pada tanggal 31 Desember amount recognized as allowance for impairment loss
2025 dan 2024 sebesar Rp17,2 miliar. as of December 31, 2025 and 2024 amounted to
Rp17.2 billion.
Berdasarkan penelaahan terhadap jumlah tercatat aset Based on a review of the carrying amounts of fixed
tetap, manajemen Grup berkeyakinan bahwa penyisihan assets, the management of the Group believes that
kerugian penurunan nilai telah memadai. allowance for impairment loss is adequate.
15. HAK PENGUSAHAAN JALAN TOL 15. TOLL ROAD CONCESSION RIGHT
Saldo Saldo
1 Januari/ Akuisisi 31 Desember/
Balance as of Entitas Anak/ Balance as of
January 1, Penambahan/ Acquisition December 31,
2025 Additions of Subsidiary 2025
Biaya Perolehan Acquisition Costs
Jalan dan jembatan - 7.403 14.910.683 14.918.086 Toll roads and bridges
Gerbang dan - 68 176.382 176.450 Toll operations
bangunan equipment
Sarana pelengkap Toll facilities and
jalan tol - 1.809 175.112 176.921 equipment
Total Biaya Perolehan - 9.280 15.262.177 15.271.457 Total Acquisition Costs
Akumulasi Accumulated
Amortisasi Amortization
Jalan dan jembatan - 27.645 188.958 216.603 Toll roads and bridges
Gerbang dan Toll operations
bangunan - 742 28.259 29.001 equipment
Sarana pelengkap Toll facilities and
jalan tol - 1.074 26.387 27.461 equipment
Total Akumulasi Total Accumulated
Amortisasi - 29.461 243.604 273.065 Amortization
Jumlah Tercatat - 14.998.392 Carrying Amounts
Pada tanggal 31 Desember 2025, pembebasan tanah As of December 31, 2025, the toll road project land
proyek jalan tol Cimanggis - Cibitung telah mencapai acquisition for the Cimanggis - Cibitung project has
2.521.200 m² (98,89%), pembebasan tanah yang reached 2,521,200 m² (98.89%) out of the planned total
direncanakan 2.546.900 m². of 2,546,900 m².
Beban amortisasi untuk tahun yang berakhir pada Amortization expense for the year ended December 31,
tanggal 31 Desember 2025 sebesar Rp29,5 miliar diakui 2025 amounting to Rp29.5 billion is charged to toll road
sebagai beban langsung operational jalan tol dalam operational direct expenses under cost of revenues.
beban pokok pendapatan.
Hak pengusahaan jalan tol digunakan sebagai jaminan Toll road concession right is used as collateral for bank
atas fasilitas pinjaman dari bank (Catatan 26). loans (Note 26).
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 539
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. BIAYA PENGEMBANGAN PROYEK 16. PROJECT DEVELOPMENT COSTS
Akun ini terutama merupakan akumulasi biaya-biaya This account represents accumulated costs incurred in
yang terjadi sehubungan dengan proyek-proyek sebagai relation to the projects as follows:
berikut:
2025 2024
Pembangkit tenaga panas bumi 48.020 48.020 Geothermal power plant
Kendaraan listrik 4.164 3.590 Electric vehicle
Lain-lain 14.094 15.045 Others
Total 66.278 66.655 Total
Biaya pengembangan proyek - lain - lain merupakan Project development costs - others pertains to
biaya yang dikeluarkan untuk membiayai proyek yang expenditures incurred to finance projects that are not
tidak signifikan diluar pembangkit tenaga panas bumi significant, outside of geothermal power plants and
dan kendaraan listrik yang terjadi di Entitas Anak electric vehicle, incurred at Subsidiaries.
17. ASET TAKBERWUJUD 17. INTANGIBLE ASSETS
Saldo Saldo
1 Januari/ 31 Desember/
Balance as of Balance as of
January 1, Penambahan/ December 31,
2025 Additions 2025
Biaya Perolehan Acquisition Costs
Paten 637 - 637 Patent
Perangkat lunak 201 205 406 Software
Total Biaya Perolehan 838 205 1.043 Total Acquisition Costs
Akumulasi Amortisasi Accumulated Amortization
Paten 41 64 105 Patent
Perangkat lunak 70 91 161 Software
Total Akumulasi Amortisasi 111 155 266 Total Accumulated Amortization
Jumlah Tercatat 727 777 Carrying Amounts
Saldo Saldo
1 Januari/ 31 Desember/
Balance as of Balance as of
January 1, Penambahan/ December 31,
2024 Additions 2024
Biaya Perolehan Acquisition Costs
Paten - 637 637 Patent
Perangkat lunak 201 - 201 Software
Total Biaya Perolehan 201 637 838 Total Acquisition Costs
Akumulasi Amortisasi Accumulated Amortization
Paten - 41 41 Patent
Perangkat lunak 19 51 70 Software
Total Biaya Perolehan 19 92 111 Total Acquisition Costs
Jumlah Tercatat 182 727 Carrying Amounts
Pada tanggal 15 Mei 2024, PT VKTR Teknologi Mobilitas On May 15, 2024, PT VKTR Teknologi Mobilitas Tbk,
Tbk, Entitas Anak, menerima sertifikat paten untuk a Subsidiary, received a patent certificate for an
invensi dengan judul “Proses Pembuatan Material Aktif invention titled “Process for Producing Nickel-Rich
Elektroda Positif Kaya Nikel untuk Baterai Ion Litium”. Positive Electrode Active Material for Lithium-Ion
Jangka waktu perlindungan paten sederhana diberikan Batteries”. The duration of protection for the simple
selama sepuluh (10) tahun terhitung sejak tanggal patent is granted for ten (10) years, starting from the date
penerimaan. of receipt.
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. ASET TAKBERWUJUD (Lanjutan) 17. INTANGIBLE ASSETS (Continued)
Untuk tahun yang berakhir pada tanggal 31 Desember For the years ended December 31, 2025 and 2024,
2025 dan 2024, amortisasi yang dibebankan pada akun the amortization charged to the general and
beban umum dan administrasi sebesar Rp155,0 juta dan administrative expense account amounted to
Rp92,0 juta. Rp155.0 million and Rp92.0 million.
18. ASET TIDAK LANCAR LAINNYA 18. OTHER NON-CURRENT ASSETS
2025 2024
Uang muka investasi 901.020 151.020 Advances for investment
Kas di bank yang
dibatasi penggunaannya 193.232 136.756 Restricted cash in banks
Uang muka pembelian tanah 152.400 152.400 Advances for purchase of land
Uang muka jangka panjang 54.324 54.533 Long-term advances
Jaminan 16.402 16.925 Security deposits
Beban proyek ditangguhkan 1.136 12.917 Deferred project costs
Piutang dari komisaris dan Receivable from commissioners
direksi (Catatan 40h) 153 95 and directors (Note 40h)
Lain-lain (dibawah Rp10 miliar) 27.975 13.299 Others (below Rp10 billion)
Total 1.346.642 537.945 Total
Uang muka investasi Advances for investment
Uang muka investasi merupakan pembayaran kepada Advances for investments represents payments to the
masing-masing entitas; following entities:
2025 2024
Fortesque Investment Holdings Limited 750.000 - Fortesque Investment Holdings Limited
PT Mandala Raya Yuwana 151.020 151.020 PT Mandala Raya Yuwana
Total 901.020 151.020 Total
Uang muka investasi yang diberikan kepada Fortesque Advances for investments provided to Fortesque
Investment Holdings Limited perusahaan yang didirikan Investment Holdings Limited, company incorporated in
di British Virgin Islands dan tidak terafiliasi dengan Grup, British Virgin Islands that is not affiliated with the Group,
oleh PT Bakrie Toll Indonesia, Entitas Anak, yang by PT Bakrie Toll Indonesia, a Subsidiary, which is
ditujukan untuk mengakuisisi proyek infrastruktur. intended for acquisition of infrastructure projects.
Uang muka investasi yang dibayar kepada PT Mandala Advances for investments paid to PT Mandala Raya
Raya Yuwana (MRY) oleh PT Bakrie Metal Industries Yuwana (MRY) by PT Bakrie Metal Industries (BMI), a
(BMI), Entitas Anak, merupakan rencana pembelian Subsidiary, pertains to the intended purchase of VKTR
saham VKTR yang dimiliki oleh MRY. shares owned by MRY.
Kas di bank yang dibatasi penggunaannya Restricted cash in banks
Kas di bank yang dibatasi penggunaannya digunakan Restricted cash in banks are used as collateral for
sebagai jaminan untuk pembayaran pokok atas payment of principal for long-term bank loans and
pinjaman bank jangka panjang dan sebagai jaminan atas guarantee for construction contracts and other long-term
kontrak konstruksi dan kontrak jangka panjang dengan contracts with suppliers obtained by the Group (Note 26).
pemasok yang diterima Grup (Catatan 26). Seluruh kas All placements of restricted cash in banks are with third
di bank yang dibatasi penggunaannya ditempatkan pada parties. Details of restricted cash in banks is as follows:
pihak ketiga. Rincian kas di bank yang dibatasi
penggunaannya sebagai berikut:
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 541
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. ASET TIDAK LANCAR LAINNYA (Lanjutan) 18. OTHER NON-CURRENT ASSETS (Continued)
2025 2024
Rupiah Rupiah
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 146.914 132.093 (Persero) Tbk
PT Bank Jakarta 11.000 - PT Bank Jakarta
PT Bank MNC Internasional Tbk 10.686 - PT Bank MNC Internasional Tbk
PT Bank Mandiri (Persero) Tbk 10.000 1.095 PT Bank Mandiri (Persero) Tbk
Lain-lain (dibawah Rp10 miliar) 12.954 1.467 Others (below Rp10 billion)
Subtotal 191.554 134.655 Subtotal
Mata uang asing Foreign currency
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 1.678 2.101 (Persero) Tbk
Total 193.232 136.756 Total
Uang muka pembelian tanah Advances for purchase of land
Uang muka pembelian tanah merupakan uang muka Advances for purchase of land pertains to advance
yang dibayar PT Multi Kontrol Nusantara (MKN), Entitas payments by PT Multi Kontrol Nusantara (MKN), a
Anak, sebesar Rp152,4 miliar kepada PT Pilar Agra Subsidiary amounting to Rp152.4 billion to PT Pilar Agra
Unggul (Catatan 47). Unggul (Note 47).
Uang muka jangka Panjang Long-term advances
PT Arta Armani Berdikari PT Arta Armani Berdikari
Pada tanggal 30 Maret 2022, PT VKTR Teknologi On March 30, 2022, PT VKTR Teknologi Mobilitas Tbk
Mobilitas Tbk (VKTR), Entitas Anak, menandatangani (VKTR), a Subsidiary, subsidiary entered into a Business
Perjanjian Pengembangan Bisnis melalui PT Inovasi Development Agreement through PT Inovasi Teknologi
Teknologi Nusantara (ITN) serta menunjuk ITN untuk Nusantara (ITN) and appointed ITN to provide services in
memberikan jasa dalam rangka membantu proses order to assist the planning process and other required
perencanaan dan kegiatan lainnya yang dibutuhkan activities that support VKTR’s business development for
untuk menunjang pengembangan bisnis VKTR dalam a period of twenty four (24) months.
jangka waktu dua puluh empat (24) bulan.
Pada tanggal 26 Agustus 2022, VKTR menandatangani On August 26, 2022, VKTR entered into an addendum to
adendum atas Perjanjian Pengembangan Bisnis dengan the Business Development Agreement with ITN
ITN sehubungan dengan penambahan jumlah dana yang regarding the increase in fund value required to provide
dibutuhkan ITN untuk memberikan jasa dalam rangka services in order to assist the planning process and other
membantu proses perencanaan dan kegiatan lainnya required activities that support VKTR’s business
yang dibutuhkan untuk menunjang pengembangan bisnis amounting to Rp29.0 billion.
VKTR sebesar Rp29,0 miliar.
Pada tanggal 29 November 2022, VKTR, ITN dan On November 29, 2022, VKTR, ITN and PT Arta Armani
PT Arta Armani Berdikari (AAB) menandatangani Berdikari (AAB) entered into a Transfer of Business
Perjanjian Pengalihan Pengembangan Bisnis ITN Development Agreement whereby ITN transferred all of
dimana ITN mengalihkan Hak dan Kewajiban its Rights and Obligations in relation to this agreement to
sehubungan dengan perjanjian tersebut kepada AAB. AAB.
Pada tanggal 1 April 2024, VKTR menandatangani On April 1, 2024, VKTR signed an Addendum
Adendum dan Pernyataan Kembali Perjanjian and Restatement of Business Development Agreement
Pengembangan Bisnis antara VKTR dan AAB untuk between VKTR and AAB to form a business development
membentuk suatu kerja sama pengembangan bisnis collaboration through AAB with a term until
melalui AAB dengan jangka waktu sampai dengan March 31, 2027.
31 Maret 2027.
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. ASET TIDAK LANCAR LAINNYA (Lanjutan) 18. OTHER NON-CURRENT ASSETS (Continued)
Ruang lingkup kerjasama dan jasa pengembangan The scope of the cooperation and business development
bisnis tersebut meliputi: services includes:
a. Melakukan riset dan pengembangan (R&D) atas a. To conduct research and development (R&D) on the
bisnis Energi Bisnis Terbarukan (EBT) dan/atau Renewable Energy Business (EBT) and/or other
bisnis masa depan lainnya yang sekiranya dapat future businesses that may be implemented by
diimplementasikan oleh VKTR tidak terbatas hanya VKTR, not limited to the territory of the Republic of
di wilayah Republik Indonesia tapi juga di luar Indonesia but also outside the territory of the
wilayah Republik Indonesia; dan Republic of Indonesia; and
b. Mencari serta melakukan pendekatan kepada calon- b. To search for and approach potential partner
calon mitra potensial bagi VKTR, agar VKTR dapat candidates for VKTR, so that VKTR can realize its
merealisasikan Pengembangan Bisnis sesuai Business Development in accordance with VKTR’s
dengan rencana VKTR, yang antara lain dengan plans, including by paving the way for VKTR to at
membuka jalan bagi VKTR untuk minimal dapat least sign a memorandum of understanding, a head
menandatangani nota kesepahaman, perjanjian of agreement, and/or other agreements with these
pendahuluan (head of agreement) dan/atau potential partners.
perjanjian-perjanjian lainnya dengan para calon
mitra potensial tersebut.
AAB akan mendapatkan imbal jasa sebesar 10% dari AAB will receive a fee of 10% of the value of the costs
nilai biaya yang telah dikeluarkan dalam laporan that have been incurred in the realization report to VKTR.
pertanggungjawaban kepada VKTR. Apabila AAB tidak If AAB is unable to provide the services to VKTR, then
berhasil memberikan jasa dimaksud kepada VKTR, AAB is obliged to return all of the fund received from
maka AAB berkewajiban mengembalikan seluruh dana VKTR.
yang telah diterima dari VKTR.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the balance
uang muka kepada AAB masing-masing sebesar of advances to AAB amounted to Rp28.2 billion and
Rp28,2 miliar dan Rp28,4 miliar. Rp28.4 billion, respectively.
PT Surya Ganesa Amani PT Surya Ganesa Amani
Pada tanggal 21 Juli 2023, VKTR menandatangani On July 21, 2023, VKTR entered into a Business
Perjanjian Pengembangan Bisnis melalui PT Surya Development Agreement through PT Surya Ganesa
Ganesa Amani (SGA) serta menunjuk SGA untuk Amani (SGA) and appointed SGA to provide services in
memberikan jasa dalam rangka membantu proses order to assist the planning process and other required
perencanaan dan kegiatan lainnya yang dibutuhkan yang activities that support VKTR’s business development for
menunjang pengembangan bisnis VKTR dengan jangka a period of thirty six (36) months.
waktu tiga puluh enam (36) bulan.
SGA akan mendapatkan imbal jasa sebesar dua koma SGA will receive a fee of two point twenty five percent
dua puluh lima persen (2,25%) dari nilai biaya yang telah (2.25%) of the value of the costs that have been incurred
dikeluarkan dalam laporan pertanggungjawaban kepada in the realization report to VKTR. If SGA is unable to
VKTR. Apabila SGA tidak berhasil memberikan jasa provide the services to VKTR, then SGA is obliged to
dimaksud kepada VKTR, maka SGA berkewajiban return all of the fund received from VKTR and with fines
mengembalikan seluruh dana yang telah diterima dari the amount of which is determined by VKTR.
VKTR dan ditambah dengan denda yang besarnya
ditentukan oleh VKTR.
Ruang lingkup kerjasama dan jasa pengembangan The scope of cooperation and business development
bisnis tersebut meliputi: services include:
i. Melakukan riset dan pengembangan bisnis energi i. Conduct research and development of new and
baru dan terbarukan serta bisnis masa depan lainnya. renewable energy business and other future business
opportunities.
ii. Mencari dan melakukan pendekatan kepada calon- ii. Finding and approaching potential partners for
calon mitra potensial bagi VKTR dapat dilaksanakan VKTR can be carried out in accordance with
sesuai dengan rencana VKTR dan memberikan hasil VKTR’s plans and provide minimal results in the form
minimal bentuk nota kesepahaman, perjanjian of a memorandum of understanding, preliminary
pendahuluan atau perjanjian lainnya dengan para agreement or other agreement with the potential
calon mitra potensial tersebut. partners.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the balance of
uang muka kepada SGA masing-masing sebesar advances to AMS amounted to Rp3.8 billion and
Rp3,8 miliar dan Rp3,9 miliar. Rp3.9 billion, respectively.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. ASET TIDAK LANCAR LAINNYA (Lanjutan) 18. OTHER NON-CURRENT ASSETS (Continued)
PT Amanah Mega Solusi PT Amanah Mega Solusi
Pada tanggal 21 Juli 2023, VKTR menandatangani On July 21, 2023, VKTR entered into a Business
Perjanjian Pengembangan Bisnis melalui PT Amanah Development Agreement through PT Amanah Mega
Mega Solusi (AMS) serta menunjuk AMS untuk Solusi (AMS) and appointed AMS to provide services in
memberikan jasa dalam rangka membantu proses order to assist the planning process and other required
perencanaan dan kegiatan lainnya yang dibutuhkan yang activities that support VKTR’s business development for
menunjang pengembangan bisnis VKTR dengan jangka a period of thirty six (36) months.
waktu tiga puluh enam (36) bulan.
AMS akan mendapatkan imbal jasa sebesar dua koma AMS will receive a fee of two point twenty five percent
dua puluh lima persen (2,25%) dari nilai biaya yang telah (2.25%) of the value of the costs that have been incurred
dikeluarkan dalam laporan pertanggungjawaban kepada in the realization report to VKTR. If AMS is unable to
VKTR. Apabila AMS tidak berhasil memberikan jasa provide the services to VKTR, then AMS is obliged to
dimaksud kepada VKTR, maka AMS berkewajiban return all of the fund received from VKTR and with fines
mengembalikan seluruh dana yang telah diterima dari the amount of which is determined by VKTR.
VKTR dan ditambah dengan denda yang besarnya
ditentukan oleh VKTR.
Ruang lingkup kerjasama dan jasa pengembangan The scope of cooperation and business development
bisnis tersebut meliputi: services include:
i. Melakukan riset dan pengembangan bisnis energi i. Conduct research and development of new and
baru dan terbarukan serta bisnis masa depan lainnya. renewable energy business and other future business
opportunities.
ii. Mencari dan melakukan pendekatan kepada calon- ii. Finding and approaching potential partners for VKTR
calon mitra potensial bagi VKTR dapat dilaksanakan can be carried out in accordance with VKTR’s plans
sesuai dengan rencana VKTR dan memberikan hasil and provide minimal results in the form of a
minimal bentuk nota kesepahaman, perjanjian memorandum of understanding, preliminary
pendahuluan atau perjanjian lainnya dengan para agreement or other agreement with the potential
calon mitra potensial tersebut. partners.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the balance of
uang muka kepada AMS sebesar Rp22,3 miliar. advances to AMS amounted to Rp22.3 billion.
Lain-lain Others
Aset tidak lancar lainnya - lain-lain merupakan taksiran Other non-current assets - others include claims for tax
restitusi pajak serta aset tidak lancar lainnya yang tidak refund, and other non-current assets that are not
signifikan di Entitas Anak significant at Subsidiaries.
19. PINJAMAN JANGKA PENDEK 19. SHORT-TERM LOANS
2025 2024
Rupiah Rupiah
PT Bank Nationalnobu Tbk 700.259 - PT Bank Nationalnobu Tbk
PT Bank Mayapada Internasional Tbk 550.000 - PT Bank Mayapada Internasional Tbk
PT Bank MNC Internasional Tbk 170.238 69.212 PT Bank MNC Internasional Tbk
PT Bank Negara Indonesia (Persero) Tbk 100.000 - PT Bank Negara Indonesia (Persero) Tbk
PT Mandala Raya Yuwana 95.760 - PT Mandala Raya Yuwana
PT Bank Rakyat Indonesia (Persero) Tbk 88.179 211.174 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Central Asia Tbk 63.452 67.596 PT Bank Central Asia Tbk
PT Bank Jakarta 49.950 10.000 PT Bank Jakarta
PT Bank Ina Perdana Tbk 15.652 19.720 PT Bank Ina Perdana Tbk
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk - 41.500 (Persero) Tbk
Lain-lain (dibawah Rp10 miliar) 3.073 7.655 Others (below Rp10 billion)
Subtotal 1.836.563 426.857 Subtotal
Mata uang asing (USD) Foreign Currrency (USD)
PT Bank Rakyat Indonesia (Persero) Tbk - 341.826 PT Bank Rakyat Indonesia (Persero) Tbk
Total 1.836.563 768.683 Total
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 544
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
Pinjaman jangka pendek dikenakan bunga tahunan Short-term loans bear annual interest rates as follows:
sebagai berikut:
2025 2024
Rupiah 3.0% - 12.0% 3.0% - 10.0% Rupiah
Dolar AS 1.0% - 10.0% 1.0% - 10.0% US Dollar
a. PT Bank Nationalnobu Tbk a. PT Bank Nationalnobu Tbk
1. Berdasarkan Akta Notaris Agustine Irianti, S.H., 1. Based on Notarial Deed No. 21 of Agustine Irianti,
M.Kn., No. 21 pada tanggal 19 November 2025, S.H., M.Kn., dated November 19, 2025, PT Bakrie
PT Bakrie Toll Indonesia (BTI), Entitas Anak, Toll Indonesia (BTI), Subsidiary, entered into a
menandatangani perjanjian pinjaman dengan loan agreement with PT Bank Nationalnobu Tbk
PT Bank Nationalnobu Tbk (Bank Nobu) untuk (Bank Nobu) to provide Term Loan credit facility
menyediakan fasilitas kredit Pinjaman Tetap yang used for the acquisition of shares in PT Cimanggis
digunakan untuk pembelian saham PT Cimanggis Cibitung Tollways (CCT) with a credit period of
Cibitung Tollways (CCT) dengan jangka waktu twelve (12) months.
kredit selama dua belas (12) bulan.
Fasilitas tersebut dijamin dengan: The facility is secured by:
i. 2.000.000.000 saham Perusahaan, 2.100 i. 2,000,000,000 Company shares, 2,100 BIIN
saham BIIN, 49.350.889 saham BRMS, shares, 49,350,889 BRMS shares, 85,776,990
85.776.990 saham ENRG, 1.022.500.000 ENRG shares, 1,022,500,000 VKTR shares.
saham VKTR.
ii. Tanah berlokasi di Jl Terusan Hang Lekir IV, ii. Land located in Jl Terusan Hang Lekir IV,
Kelurahan Grogol Selatan, Kecamatan Kelurahan Grogol Selatan, Kecamatan
Kebayoran Lama. Kebayoran Lama.
2. Berdasarkan Akta Notaris No. 30 oleh Agustine 2. Based on Notarial Deed No. 30 of Agustine Irianti,
Irianti, S.H., M.Kn., tanggal 25 Juni 2025, S.H., M.Kn., dated June 25, 2025, PT Bakrie Pipe
PT Bakrie Pipe Industries (BPI), Entitas Anak, Industries (BPI), Subsidiary, entered into a Loan
menandatangani Perjanjian Pinjaman dengan Agreement with Bank Nobu. BPI obtained Current
Bank Nobu. BPI memperoleh fasilitas Pinjaman Account Loan (PRK) facility with a maximum
Rekening Koran (PRK) dengan maksimum plafon plafond of Rp50.0 billion with a credit period of
Rp50,0 miliar dengan jangka waktu kredit selama twelve (12) months.
dua belas (12) bulan.
Fasilitas tersebut dijamin dengan: The facility is secured by:
i. Tanah, bangunan, dermaga dan pabrik i. Land, buildings, jetty, and factory totaling
seluas 14.486 m² atas nama PT Bakrie 14,486 m² under the name of PT Bakrie
Construction (BCons) berlokasi di Sumuranja Construction (BCons) located in Sumuranja &
& Mangunreja, Serang, Banten, dengan 6 Mangunreja, Serang, Banten, under 6 HGB
sertifikat HGB. certificates.
ii. Mesin-mesin pabrik BCons di Sumuranja. ii. Machineries of BCons in Sumuranja.
iii. Mesin Spiral dan Gantry Crane milik SEAPI di iii. Spiral Machine and Gantry Crane of SEAPI in
Lampung Selatan. Lampung Selatan.
iv. Unit kantor di Bakrie Tower lantai 36 seluas iv. Office unit at Bakrie Tower 36th floor with
1.427,3 m². area of 1,427.3 m².
v. Corporate Guarantee dari Perusahaan. v. Corporate Guarantee from the Company.
vi. Corporate Guarantee dari BCons. vi. Corporate Guarantee dari Bcons.
Berdasarkan perjanjian, BPI tidak diperkenankan Based on the agreement, BPI shall not perform
melakukan kegiatan-kegiatan berikut tanpa transactions to carryout the following activities
persetujuan tertulis terlebih dahulu dari Bank without the prior written approval from Bank Nobu,
Nobu, antara lain: among others:
i. Memperoleh pinjaman baru dari pihak lain. i. Obtain a new loan from another party
ii. Menjaminkan atau mengalihkan aset ii. Pledge or transfer collateral assets
jaminan.
iii. Mengubah komposisi pemegang saham, iii.Change the composition of shareholders,
direksi, atau komisaris directors, or commissioners
vi. Melakukan merger, akuisisi, pembubaran, iv. Undertake mergers, acquisitions, dissolution,
atau tindakan korporasi material lainnya. or other material corporate actions.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 545
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
v. Tidak memenuhi rasio-rasio keuangan yang v. Failure to comply with required financial
ditetapkan. covenants.
vi. Menggunakan fasilitas tidak sesuai tujuan vi. Use the facility for purposes not aligned with
kredit. the credit agreement.
vii. Menjaga Current Ratio minimal 100%. vii. Maintain Current Ratio at minimum of 100%.
viii. Menjaga Debt Equity Ratio maksimal 4x. viii. Maintain Debt Equity Ratio at maximum of 4x.
ix. Menjaga Debt Service Coverage Ratio ix. Maintain Debt Service Coverage ratio at
minimal 1.1x. minimum of 1.1x.
Pada tahun 2025, BPI telah membayar sebesar In 2025, BPI paid a total amount of Rp182.2 billion
Rp182,2 miliar atas fasilitas pinjaman ini. for these loan facilities.
Saldo fasilitas kredit pada tanggal 31 Desember Outstanding balance of these credit facilities
2025 dan 2024 adalah masing-masing sebesar as of December 31, 2025 and 2024 amounted to
Rp700,3 miliar dan nihil. Rp700.3 billion and nil, respectively.
b. PT Bank Mayapada Internasional Tbk b. PT Bank Mayapada Internasional Tbk
Pada tanggal 19 November 2025, PT Bank On November 19, 2025, PT Bank Mayapada
Mayapada Internasional Tbk (Bank Mayapada) Internasional Tbk (Bank Mayapada) provided Term
memberikan fasilitas Pinjaman Tetap kepada Loan facility to the Company, which was used to
Perusahaan, yang digunakan untuk pembiayaan finance the acquisition of shares and the transfer of
akuisisi saham dan pengalihan atas seluruh piutang all receivables under the CCT Shareholder Loan, and
berdasarkan Shareholder Loan CCT, dan akan jatuh will mature within twelve (12) months.
tempo di dalam dua belas (12) bulan.
Fasilitas ini, bersama dengan fasilitas pinjaman This facility, along with the Company’s other credit
lainnya Perusahaan dari Bank Mayapada facility from Bank Mayapada (Note 26), are secured
(Catatan 26), dijamin dengan: by:
1. Agunan SHGB No. 08663 dan No. 08661 1. SHGB Nos. 08663 and 08661 under the name
atas nama PT Pilar Agra Unggul (PAU) dengan of PT Pilar Agra Unggul (PAU) with area of
masing-masing luas 31.062 m² dan 21.816 m² 31,062 m² and 21,816 m² located at Semanan,
berada di Semanan, Jalan Daan Mogot Km 17,3, Jalan Daan Mogot Km 17.3, Kalideres, Jakarta
Kalideres, Jakarta Barat. Barat.
2. 1,2 miliar lembar saham PT VKTR Teknologi 2. 1.2 billion shares of PT VKTR Teknologi Mobilitas
Mobilitas Tbk yang sudah dimiliki oleh Tbk which is already owned by the Company.
Perusahaan.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the outstanding
saldo pinjaman adalah masing-masing sebesar balance from this loan amounted to Rp550.0 billion
Rp550,0 miliar dan nihil. and nil, respectively.
c. PT Bank MNC Internasional Tbk c. PT Bank MNC Internasional Tbk
1. MKN mendapatkan fasilitas pinjaman bank jangka 1. MKN obtained a short-term bank loan facility
pendek dari PT Bank MNC International Tbk from PT Bank MNC International Tbk (MNC).
(MNC). Fasilitas pinjaman ini telah diperpanjang This loan facility has been extended several
beberapa kali, yang terakhir berdasarkan times, most recently based on the Consent
Surat Persetujuan perpanjangan fasilitas dengan Letter for facility extension with number
nomor 363/WB-MNC/XI/2024 tanggal 1 November 363/WB-MNC/XI/2024 dated November 1, 2024,
2024, menyatakan bahwa MKN memperoleh declared that MKN obtained an extension of the
perpanjangan fasilitas pinjaman kredit jangka short-term loan facility from MNC, with maturity
pendek dari MNC, dengan jatuh tempo pada date on November 27, 2026, as follows:
tanggal 27 November 2026, sebagai berikut:
i. Fasilitas Kredit Modal Kerja dalam bentuk i. Working Capital Loan in the form of Bank
Rekening Koran (R/K) dengan plafon Account (R/K) with maximum plafond
maksimal sebesar Rp30,0 miliar yang bersifat amounting to Rp30.0 billion which is on a
Revolving dan Committed Basis. Revolving and Committed Basis.
ii. Fasilitas Pinjaman Tetap (PT 3) dengan ii. Fixed Loan Facility (PT 3) up to
batas pinjaman sebesar Rp28,0 miliar untuk Rp28.0 billion for working capital which is on
modal kerja yang bersifat Revolving dan a Revolving and Uncommitted Basis.
Uncommitted Basis.
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 546
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
iii. Sublimit Fasilitas Pinjaman Tetap (PT 3) iii. Sublimit Fixed Loan Facility (PT 3) in the
dalam bentuk Bank Garansi (Bid Bond, form of Bank Guarantee (Bid Bond,
Performance Bond, Warranty Bond dan Performance Bond, Warranty Bond and
Advance Bond) dengan batas pinjaman Advance Bond) up to Rp5.0 billion which is
sebesar Rp5,0 miliar yang bersifat Revolving on a Revolving and Uncommitted Basis to
dan Uncommitted untuk jaminan proyek guarantee MKN’s project.
MKN.
iv. Fasilitas Kredit Modal Kerja dalam bentuk iv. Working Capital Loan in the form of Bank
Rekening Koran (R/K) Back to Back dengan Account (R/K) Back to Back with maximum
plafon maksimal sebesar Rp1,0 miliar yang plafond amounting to Rp1.0 billion which is
bersifat Revolving dan Committed. on a Revolving and Committed basis.
v. Fasilitas Pinjaman Tetap (PT 2) Back To v. Fixed Loan Facility (PT 2) Back To Back
Back dan/atau Line SKBDN (Sight/Usance) and/or Line SKBDN (Sight/Usance) and/or
dan/atau Bank Guarantee dengan batas Bank Guarantee up to Rp4.0 billion for
pinjaman sebesar Rp4,0 miliar untuk modal working capital.
kerja.
Fasilitas tersebut dijamin dengan: The facility is secured by:
i. Rekening deposito berjangka sebesar i. Time deposits amounting to Rp5.0 billion
Rp5,0 miliar yang ditempatkan pada MNC. placed in MNC.
ii. Akta jaminan fidusia atas piutang dagang milik ii. Fiduciary deed for MKN’s trade receivables
MKN sebesar Rp20,0 miliar. amounting to Rp20.0 billion.
iii. Fidusia mesin Network Operations Center iii. Fiduciary Network Operations Center (NOC)
(NOC) yang di dalamnya terdapat server machine including server located at Rasuna
beralamat di Rasuna Office Park, Jl. H.R. Office Park, Jl. H.R. Rasuna Said, Karet
Rasuna Said, Karet Kuningan Setiabudi, Kuningan Setiabudi, Jakarta Selatan under the
Jakarta Selatan atas nama MKN. name of MKN.
iv. Ruang kantor seluas 1.288,70 m² Lantai 34 iv. Office space with an area of 1,288.70 m² in 34th
yang tercatat atas nama BBI sesuai SHMSRS Floor under the name of BBI with SHMSRS No.
No. 5142/XXXV beralamat Bakrie Tower, 5142/XXXV located at Bakrie Tower,
Jl. Rasuna Epicentrum, Karet Kuningan, Jl. Rasuna Epicentrum, Karet Kuningan,
Setiabudi, Jakarta Selatan. Setiabudi, Jakarta Selatan.
v. Corporate Guarantee atas nama BMI dan BPI. v. Corporate Guarantee under the name of BMI
and BPI.
2. Pada tanggal 9 Desember 2024, BPI 2. On December 9, 2024, BPI signed a Loan
menandatangani Perjanjian Pinjaman dengan Agreement with PT Bank MNC International Tbk
PT Bank MNC International Tbk (MNC) untuk (MNC) to provide Credit Facilities to be used for
menyediakan Fasilitas Kredit yang digunakan BPI's operational activities and mature within
untuk kegiatan operasional BPI dan jatuh tempo di twelve (12) months. These facilities consist of:
dalam dua belas (12) bulan. Fasilitas ini terdiri
dari:
i. Fasilitas Kredit Pinjaman Rekening Koran i. Current Account Loan Facility (PRK) for
(PRK) modal kerja operasional usaha working capital of business operations with a
dengan plafon maksimum hingga sebesar maximum ceiling of up to Rp40.0 billion
Rp40,0 miliar yang bersifat Committed dan which is on a Commited and Revolving
Revolving Basis. Basis.
ii. Fasilitas SKBDN/LC/Trust Receipt dengan ii. SKBDN/LC/Trust Recipt Facility with a
plafon maksimum Rp43,0 miliar. maximum ceiling of Rp43.0 billion.
Fasilitas ini, bersama dengan fasilitas pinjaman These facilities, along with BPI’s other credit
lainnya BPI dari MNC (Catatan 26), dijamin facility from MNC (Note 26), are secured by:
dengan:
i. Agunan Tanah dan Bangunan (pabrik) i. Land and Building Collateral (factory) with
dengan SHGB No. 2 atas nama SEAPI SHGB No. 2 under the name of SEAPI with a
dengan luas tanah 234.500 m² dan luas land area of 234,500 m² and a building area
bangunan 16.457 m² berada di Jl. Lintas of 16,457 m² located on Jl. Lintas Timur,
Timur, Dusun Kramat, Desa Sumur, Dusun Kramat, Desa Sumur, Kecamatan
Kecamatan Ketapang, Kabupaten Lampung Ketapang, Kabupaten Lampung Selatan,
Selatan, Lampung. Lampung.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 547
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
ii. Fidusia mesin dan peralatan atas nama ii. Fiduciary machinery and equipment under
SEAPI berada di Jl. Lintas Timur, Dusun the name of SEAPI and is located on
Kramat, Desa Sumur, Kecamatan Ketapang, Jl. Lintas Timur, Dusun Kramat, Desa Sumur,
Kabupaten Lampung Selatan, Lampung. Kecamatan Ketapang, Kabupaten Lampung
Selatan, Lampung.
iii. Corporate Guarantee atas nama PT Bakrie iii. Corporate Guarantee on behalf of PT Bakrie
Metal Industries (BMI) dan PT Multi Kontrol Metal Industries (BMI) and PT Multi Kontrol
Nusantara (MKN). Nusantara (MKN).
iv. Fidusia atas alat angkut atas nama SEAPI. iv. Fiduciary over transportation equipment in
the name of SEAPI.
Perjanjian telah diperpanjang dan akan jatuh tempo Agreement has been amended and will make sure on
pada tanggal 1 Oktober 2026. October 1, 2026.
3. Pada tanggal 14 Januari 2025, PT Bakrie Metal 3. On January 14, 2025, PT Bakrie Metal Industries
Industries (BMI), Entitas Anak, menandatangani (BMI), a Subsidiary, signed a loan agreement with
perjanjian pinjaman dengan MNC untuk MNC to provide credit facilities to be used for
menyediakan fasilitas kredit yang digunakan untuk BMI's working capital to fund BMI’s projects and
modal kerja untuk membiayai proyek BMI dan will mature on October 1, 2025. The credit
akan jatuh tempo pada tanggal 1 Oktober 2025. facilities are in the form of a Term Loan and/or
Fasilitas kredit ini dalam bentuk Pinjaman Tetap Bank Guarantees (Bid Bond, Performance Bond,
dan/atau Bank Garansi (Bid Bond, Performance Warranty Bond, and Advance Bond) with a
Bond, Warranty Bond dan Advance Bond) dengan maximum plafond of IDR 100.0 billion, on a
plafon maksimal sebesar Rp100,0 miliar yang Revolving and Uncommitted basis.
bersifat Revolving dan Uncommitted Basis.
Fasilitas ini dijamin dengan: These facilities are secured by:
i. Agunan Tanah dan Bangunan (pabrik) i. Land and Building Collateral (factory) with
dengan SHGB No. 2 atas nama SEAPI SHGB No. 2 under the name of SEAPI with a
dengan luas tanah 234.500 m² dan luas land area of 234,500 m² and a building area
bangunan 16.457 m² berada di Jl. Lintas of 16,457 m² located on Jl. Lintas Timur,
Timur, Dusun Kramat, Desa Sumur, Dusun Kramat, Desa Sumur, Kecamatan
Kecamatan Ketapang, Kabupaten Lampung Ketapang, Kabupaten Lampung Selatan,
Selatan, Lampung. Lampung.
ii. Fidusia mesin dan peralatan atas nama ii. Fiduciary security over machinery and
SEAPI berada di Jl. Lintas Timur, Dusun equipment under the name of SEAPI
Kramat, Desa Sumur, Kecamatan Ketapang, and is located on Jl. Lintas Timur, Dusun
Kabupaten Lampung Selatan, Lampung. Kramat, Desa Sumur, Kecamatan Ketapang,
Kabupaten Lampung Selatan, Lampung.
iii. Corporate Guarantee atas nama BMI, BPI iii. Corporate Guarantee on behalf of BMI, BPI
dan PT Multi Kontrol Nusantara (MKN). and PT Multi Kontrol Nusantara (MKN).
4. Pada tanggal 12 Desember 2025, VKTR Entitas 4. On December 12, 2025, VKTR, a Subsidiary,
Anak menandatangi perjanjian pinjaman dengan entered into a loan agreement with PT Bank MNC
PT Bank MNC Internasional Tbk (“MNC”) untuk Internasional Tbk (“MNC”) to provide a credit
menyediakan fasilitas kredit untuk modal kerja facility for the Company’s working capital, with a
operasional Perusahaan dan jatuh tempo dalam maturity of twelve (12) months. This facility
dua belas (12) bulan. Fasilitas ini terdiri dari: consists of:
Fasilitas ini dijamin dengan: These facilities are secured by:
i. Ruang kantor seluas 1.422,35 m² Lantai 35 i. Office space with a total area of 1.422,35 m²
yang tercatat atas nama Perusahaan yang located on the 35th floor, registered under
beralamat di Bakrie Tower, Jl Rasuna the name of the Company, situated at Bakrie
Epicentrum, Karet Kuningan, Setiabudi, Tower, Jl. Rasuna Epicentrum, Karet
Jakarta Selatan. Kuningan, Setiabudi, South Jakarta.
ii. Ruang kantor seluas 1.427,3 m² Lantai 37 ii. Office space with a total area of 1.427,3 m²
yang tercatat atas nama PT Bina Usaha located on the 37th floor, registered under
Mandiri Mizusawa yang berlamat di Bakrie the name of PT Bina Usaha Mandiri
Tower, Jl Rasuna Epicentrum, Karet Mizusawa, situated at Bakrie Tower, Jl.
Kuningan, Setiabudi, Jakarta Selatan. Rasuna Epicentrum, Karet Kuningan,
Setiabudi, South Jakarta
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 548
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
iii. Corporate Guarantee atas nama PT Bakrie iii. Corporate Guarantee under the name PT
Autopart (“BA”). Bakrie Autopart (“BA”).
iv. Payment Guarantee atas nama BA. iv. Payment Guaantee under the name of BA
Pada tahun 2025, BPI dan MKN telah membayar In 2025, BPI and MKN paid a total amount of
sebesar Rp493,6 miliar atas fasilitas pinjaman ini. Rp493.6 billion for these loan facilities.
Saldo fasilitas kredit pada tanggal 31 Desember Outstanding balance of these credit facilities as
2025 dan 2024 adalah masing-masing sebesar of December 31, 2025 and 2024, amounted to
Rp170,2 miliar dan Rp69,2 miliar. Rp170.2 billion and Rp69.2 billion, respectively.
d. PT Bank Negara Indonesia (Persero) Tbk d. PT Bank Negara Indonesia (Persero) Tbk
PT Bakrie Construction (BCons), Entitas Anak, PT Bakrie Construction (BCons), a Subsidiary,
memperoleh Fasilitas Cash Collateral Credit dengan obtained a Cash Collateral Credit Facility with
maksimum plafon Rp100,0 miliar dari maximum plafond amounting to Rp100.0 billion from
PT Bank Negara Indonesia (Persero) Tbk (Bank PT Bank Negara Indonesia (Persero) Tbk (Bank
BNI) yang bertujuan untuk penambahan modal kerja. BNI) for additional working capital purposes. The
Jangka waktu fasilitas ini dua belas (12) bulan sejak term of this facility is twelve (12) months from
16 September 2025. Fasilitas tersebut dijamin September 16, 2025. This facility is secured by
dengan rekening taplus bisnis sebesar Rp100,0 business savings account amounting to Rp100.0
miliar. billion.
Saldo fasilitas kredit pada tanggal 31 Desember Outstanding balance of these credit facilities as
2025 dan 2024 adalah masing-masing sebesar of December 31, 2025 and 2024, amounted to
Rp100,0 miliar dan nihil. Rp100.0 billion and nil, respectively.
e. PT Mandala Raya Yuwana e. PT Mandala Raya Yuwana
Pada tanggal 17 Februari 2025, Perusahaan On February 17, 2025, the Company signed a loan
menandatangani perjanjian pinjaman dengan agreement with PT Mandala Raya Yuwana for
PT Mandala Raya Yuwana untuk pembiayaan modal working capital financing amounting to Rp81.7 billion
kerja senilai Rp81,7 miliar dan akan jatuh tempo di and will mature within twelve (12) months.
dalam dua belas (12) bulan.
Pada tahun 2025, Perusahaan melakukan In 2025, the Company partially settled the loan
pembayaran atas sebagian pinjaman melalui through cash payments amounting to Rp7.0 billion
pembayaran tunai sebesar Rp7,0 miliar dan and transferring interest income from the investment
pengalihan pendapatan bunga dari investasi pada in exchangeable bonds amounting to Rp9.0 billion.
obligasi yang dapat ditukar sebesar Rp9,0 miliar.
Pada tanggal 30 September 2025, Perusahaan telah On September 30, 2025, the Company has partially
melakukan pembayaran melalui saham BTEL atas settled the loan through issuance of BTEL shares
sebagian pinjaman sebesar Rp1,9 miliar. owned by the Company amounting to Rp1.9 billion.
Pada tanggal 31 Desember 2025, MRY On December 31, 2025, MRY received the
menandatangani perjanjian pengalihan piutang assignment of receivables from PT Bakrie Autoparts
dengan PT Bakrie Autoparts (BA), Entitas Anak, (BA), a Subsidiary, pursuant to an assignment
dimana BA mengalihkan hak tagih atas piutang agreement. Under this agreement, BA transferred its
kepada Perusahaan kepada MRY. Jumlah piutang rights to collect receivables from the Company to
yang dialihkan berdasarkan perjanjian tersebut MRY amounting to Rp34.1 billion.
adalah sebesar Rp34,1 miliar.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
pinjaman adalah masing-masing sebesar Rp95,8 balance from this loan amounted to Rp95.8 billion
miliar dan nihil. and nil, respectively.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 549
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
f. PT Bank Rakyat Indonesia (Persero) Tbk f. PT Bank Rakyat Indonesia (Persero) Tbk
Kredit Modal Kerja dan Supply Chain Financing Working Capital Loan and Supply Chain
Account Payable Financing Account Payable
Perjanjian pinjaman telah mengalami perubahan The loan agreement has been amended several
beberapa kali, terakhir berdasarkan dengan times, the latest being based on Notarial Deed No. 12
Akta Notaris No. 12 dan No. 13 oleh James Sinaga, and No.13 of James Sinaga, S.H, M.Kn., dated
S.H, M.Kn., tanggal 1 November 2024. Perusahaan November 1, 2024. The Company entered into a
menandatangani perjanjian pinjaman dengan loan agreement with PT Bank Rakyat Indonesia
PT Bank Rakyat Indonesia (Persero) Tbk (BRI) untuk (Persero) Tbk (BRI) to provide credit facilities for the
menyediakan fasilitas kredit yang digunakan untuk operational activities of BPI. The facilities consisted
kegiatan operasional BPI. Fasilitas ini terdiri dari: of:
i. Fasilitas Kredit Modal Kerja Withdrawal with i. Working Capital Withdrawal with Approval (W/A)
Approval (W/A) dalam bentuk Contingent Credit Credit Facility in the form of Contingent Credit in
sesuai dengan kontrak proyek, dengan plafon accordance with the project’s contract with
maksimal sebesar Rp560,0 miliar untuk tambahan maximum plafond amounting to Rp560.0 billion for
modal kerja. Fasilitas ini termasuk Supply Chain additional working capital. This facility includes a
Financing Account Payable dengan plafon Supply Chain Financing Account Payable with
maksimal sebesar Rp25,0 miliar; maximum plafond amounting to Rp25.0 billion;
ii. Fasilitas Import Line yang merupakan bagian dari ii. Import Line facility which is a part of Working
Kredit Modal Kerja Withdrawal With Approval Capital Withdrawal with Approval (W/A), with
(W/A), dengan plafon maksimal sebesar maximum plafond amounting to Rp425.0 billion;
Rp425,0 miliar;
iii. Fasilitas Bank Garansi dengan plafon maksimal iii. Bank Guarantee facility with maximum plafond
sebesar Rp190,0 Miliar; amounting to Rp190.0 billion;
iv. Fasilitas Forex Line yang bersifat Uncommited iv. Forex Line facility which is an Uncommitted Credit
Credit Line dengan plafon maksimal sebesar Line with maximum plafond amounting to
USD20,0 juta; USD20.0 million;
v. Fasilitas Term Loan dengan plafon maksimal v. Term Loan facility with maximum plafond
sebesar USD21,2 ribu. amounting to USD21.2 thousand.
Fasilitas tersebut dijamin dengan: The facilities are secured by:
i. Agunan pokok terdiri dari persediaan bahan baku i. Principal collateral consisted of the Company’s
(HRC), persediaan barang jadi (pipa) dan piutang raw materials (HRC), finished goods (pipe)
usaha Perusahaan atas proyek yang dibiayai dari inventories and trade receivables on projects
fasilitas kredit BRI. financed from the credit facilities with BRI.
ii. Agunan tambahan ruang kantor Perusahaan yang ii. Additional collateral consisted of the Company’s
berada di Bakrie Tower Lt. 7 dengan luas office space at Bakrie Tower Lt. 7 with area of
533,10 m², tanah, bangunan dan mesin di 533.10 m², land, building and machinery at
Jl. Raya Pejuang, Medan Satria, Bekasi Barat Jl. Raya Pejuang, Medan Satria, Bekasi Barat
dengan luas 122.745 m². with an area of 122,745 m².
iii. Agunan tambahan tanah, bangunan dan mesin iii. Additional collateral for land, buildings, and
pabrik coating Perusahaan yang berada di machinery of the Company's coating factory
Jl. Raya Pejuang, Medan Satria, Bekasi dengan located on Jl. Raya Pejuang, Medan Satria,
luas 21.150 m². Bekasi with an area of 21,150 m².
Perjanjian pinjaman telah mengalami beberapa kali The loan agreement has been amended several
perubahan, terakhir berdasarkan Akta Notaris No. 02 times Based on Notarial Deed No. 02 of Sri Sumarni,
Sri Sumarni, S.H., M.Kn., tanggal S.H., M.Kn., dated September 2, 2025, the Company
2 September 2025, Perusahaan dan PT South East and PT South East Asia Pipe Industries (SEAPI),
Asia Pipe Industries (SEAPI), Entitas Anak, a Subsidiary, entered into an Addendum for
menandatangani Adendum Perpanjangan Perjanjian Extension of Credit Agreement with BRI, wherein the
Kredit dengan BRI dimana fasilitas pinjaman tersebut loan facilities have been extended until June 10,
telah diperpanjang sampai dengan 10 Juni 2026. 2026. Based on this addendum, BRI continues to
Melalui adendum tersebut, BRI kembali menyediakan provide credit facilities supporting operating and
fasilitas kredit untuk mendukung kegiatan operasional project activities of the Company SEAPI. BRI
dan proyek perusahaan dan SEAPI. BRI provides the following credit facilities:
menyediakan fasilitas kredit sebagai berikut:
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 550
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
i. Fasilitas Kredit Modal Kerja Withdrawal with i. Working Capital Withdrawal with Approval (W/A)
Approval (W/A) dalam bentuk Contingent Credit Credit Facility in the form of Contingent Credit in
sesuai dengan kontrak proyek dengan plafon accordance with the project’s contract with
maksimal sebesar Rp560,0 miliar untuk tambahan maximum plafond amounting to Rp560.0 billion for
modal kerja. Fasilitas ini termasuk Supply Chain additional working capital. This facility includes a
Financing Account Payable dengan plafon Supply Chain Financing Account Payable with
maksimal sebesar Rp25,0 miliar; maximum plafond amounting to Rp25.0 billion;
ii. Fasilitas Import Line yang merupakan bagian ii. Import Line facility which is a part of Working
dari Kredit Modal Kerja Withdrawal with Capital Withdrawal with Approval (W/A), with
Approval (W/A), dengan plafon maksimal sebesar maximum plafond amounting to Rp425.0 billion;
Rp425,0 miliar;
iii. Fasilitas Bank Garansi dengan plafon maksimal iii. Bank Guarantee facility with maximum plafond
sebesar Rp190,0 miliar; amounting to Rp190.0 billion;
iv. Fasilitas Forex Line yang bersifat Uncommited iv Forex Line facility which is an Uncommitted Credit
Credit Line dengan plafon maksimal sebesar Line with maximum plafond amounting to
USD20,0 juta. USD20.0 million.
Fasilitas tersebut dijamin dengan: The facilities are secured by:
i. Piutang usaha, persediaan dan mesin produksi i. Trade receivables, inventories and production
yang telah diikat fidusia; machinery secured under fiduciary agreements;
ii. Sertifikat Hak Milik Atas Satuan Rumah Susun ii. Strata title office units (2 units) – Bakrie Tower,
(2 unit kantor) – Bakrie Tower, Jakarta; Jakarta;
iii. Tanah dan bangunan (HGB) di Jl. Raya Pejuang, iii. Land and buildings (HGB) at Jl. Raya Pejuang,
Bekasi seluas 122.745 m² dan 21.150 m²; dan Bekasi with areas of 122,745 m² and 21,150 m²;
and
iv. Mesin pendukung utilitas, alat berat dan iv. Supporting utility machinery, heavy equipment
kendaraan yang diikat fidusia. and vehicles encumbered under fiduciary security.
Berdasarkan perjanjian-perjanjian ini, Perusahaan Based on these agreements, the Company shall not
tidak diperkenankan melakukan transaksi-transaksi perform transactions to carryout the following
untuk kegiatan-kegiatan berikut tanpa persetujuan activities without the prior written approval from the
tertulis terlebih dahulu dari BRI, antara lain: BRI, among others:
i. Menyatakan kebangkrutan atau mengajukan surat i. Declare bankruptcy or submit letter of bankruptcy
permohonan pailit ke Pengadilan. petition to the Courts.
ii. Mendapatkan fasilitas kredit dari bank atau ii. Obtain credit facility from a bank or other financial
lembaga keuangan lainnya. institution.
iii. Mengubah komposisi pemegang saham, dewan iii. Change composition of shareholder, boards of
komisaris dan direksi. commissioners and directors.
iv. Menjual aset jaminan kepada pihak lain. iv. Sell the collateral assets to another party.
v. Menjaga Current Ratio minimal 1:1, Debt to Equity v. Maintain the Current Ratio at minimum 1:1, Debt
Ratio maksimal 2:1 dan Debt Service Coverage to Equity Ratio at maximum 2:1 and Debt Service
Ratio minimal 1:1. Coverage Ratio at minimum 1:1.
Cash Collateral Cash Collateral
Pada tanggal 21 Februari 2025 dan 16 April 2025, On Februari 21, 2025 and April 16, 2025, the
Perusahaan menandatangani Akta Perjanjian Cash Company signed the Cash Collateral Loan
Collateral No. 012/2025 dan B.83-KC-RO-JKT/ADK/ Agreement Nos. 012/2025 and B.83-KC-RO-
04/2025 dengan BRI untuk menyediakan fasilitas JKT/ADK/04/2025 with BRI to provide credit facility
kredit dengan maksimum kredit sebesar Rp53,9 with maximum credit amounting to Rp53.9 billion to
miliar yang digunakan untuk kegiatan operasional be used for the operational activities of the Company.
Perusahaan. Fasilitas pinjaman tersebut telah The loan facility has been extended until Februari 21,
diperpanjang sampai dengan tanggal 2026 and April 16, 2026. The credit facility is secured
21 Februari 2026 dan 16 April 2026. Fasilitas kredit by deposits amounting to Rp55.0 billion.
tersebut dijamin dengan jaminan deposito sebesar
Rp55,0 miliar.
Pada tahun 2025, BPI telah membayar sebesar In 2025, BPI paid a total amount of Rp869.2 billion for
Rp869,2 miliar atas fasilitas kredit ini. these credit facilities.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 551
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
Pada tanggal 31 Desember 2025, saldo pinjaman As of December 31, 2025, the outstanding balance of
adalah sebesar Rp88,2 miliar. these loans amounted to R88.2 billion.
Pada tanggal 31 Desember 2024, saldo pinjaman As of December 31, 2024, the outstanding balance of
adalah sebesar Rp211,2 miliar dan USD21,2 juta these loans amounted to Rp211.2 billion and
(setara dengan Rp341,8 miliar). USD21.2 million (equivalent to Rp341.8 billion),
respectively.
g. PT Bank Central Asia Tbk g. PT Bank Central Asia Tbk
Berdasarkan Akta Notaris Sri Buena Brahmana, S.H., Based on Notarial Deed No. 43 of Sri Buena
M.Kn., No. 43 tanggal 14 Agustus 2023, Brahmana, S.H., M.Kn. dated August 14, 2023, VKTR
VKTR menandatangani Perjanjian Kredit dengan entered into a Credit Agreement with PT Bank
PT Bank Central Asia Tbk (BCA) dimana BCA Central Asia Tbk (BCA) wherein BCA will provide
akan menyediakan fasilitas kredit lokal untuk modal local credit facility for working capital in the form of
kerja dalam bentuk Rekening Koran (R/K) Current Account (C/A) with maximum plafond
dengan plafon maksimal sebesar Rp15,0 miliar dan amounting to Rp15.0 billion and a multi credit facility
fasilitas kredit multi dengan plafon maksimal sebesar with maximum plafond amounting to Rp235.0 billion.
Rp235,0 miliar. Jangka waktu pinjaman ini selama The duration of this loan agreement is for twelve (12)
dua belas (12) bulan sejak tanggal perjanjian ini. months from the date of this agreement.
Fasilitas tersebut dijamin dengan: These facilities are secured by:
i. Sebidang tanah dan bangunan diatasnya, dengan i. Land and buildings owned through SHGB No. 31
bukti kepemilikan SHGB No. 31 atas nama BA under BA, which is located at Jl. Raya Bekasi
yang berlokasi di Jl. Raya Bekasi Km. 27, Medan Km. 27, Medan Satria, Bekasi, Jawa Barat;
Satria, Bekasi, Jawa Barat;
ii. Mesin-mesin produksi yang dimiliki BA; ii. Production machineries owned by BA;
iii. Persediaan yang dimiliki VKTR; iii. Inventories owned by VKTR;
iv. Jaminan perusahaan dari Perusahaan. iv. Corporate guarantee from the Company.
Berdasarkan perjanjian, VKTR tidak diperkenankan Based on the agreement, VKTR shall not perform
melakukan kegiatan-kegiatan berikut tanpa transactions to carryout the following activities without
persetujuan tertulis terlebih dahulu dari BCA, antara the prior written approval from BCA, among others:
lain:
i. Memperoleh pinjaman baru dari pihak lain; i. Obtain a new loan from another party;
ii. Bertindak sebagai penjamin dalam bentuk ii. Act as a guarantor in any form and/or pledge the
apapun dan/atau mengagunkan harta kekayaan VKTR’s assets to other parties;
VKTR kepada pihak lain;
iii. Melakukan investasi atau membuka usaha baru iii. Invest or establish new business aside from the
selain usaha yang telah ada; existing business;
iv. Melakukan peleburan, penggabungan, iv. Carry out consolidation, merger, takeover or
pengambilalihan atau pembubaran; dissolution;
v. Mengubah anggaran dasar serta susunan v. Changes in the articles of association and
Direksi dan Dewan Komisaris; composition of the Boards of Directors and
Commissioners;
vi. Menjaminkan saham sebagai jaminan pinjaman vi. Pledge shares as collateral for loans to other
kepada pihak lain; dan parties; and
vii. Meminjamkan uang kepada perusahaan vii. Lending money to affiliated companies, except
terafiliasinya, kecuali dalam rangka menjalankan for carrying out daily business.
usaha sehari-hari.
Perjanjian pinjaman telah mengalami beberapa The loan agreement has been amended several
kali perubahan, terakhir berdasarkan tanggal times, the latest being on February 12, 2026, wherein
12 Februari 2026 dimana fasilitas pinjaman tersebut the loan facilities have been extended until May 14,
telah diperpanjang sampai dengan tanggal 14 Mei 2026.
2026.
Pada tahun 2025, VKTR telah membayar sebesar In 2025, VKTR paid a total amount of
Rp157,4 miliar atas fasilitas pinjaman ini. Rp157.4 billion for these loan facilities.
Saldo fasilitas kredit pada tanggal 31 Desember Outstanding balance of these credit facilities as of
2025 dan 2024 adalah masing-masing sebesar December 31, 2025 and 2024 amounted to
Rp63,5 miliar dan Rp67,6 miliar. Rp63.5 billion and Rp67.6 billion, respectively.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 552
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
h. PT Bank Jakarta (dahulu PT Bank DKI) h. PT Bank Jakarta (formerly PT Bank DKI)
1. SAE, Entitas Anak, memperoleh Fasilitas Kredit 1. SAE, a Subsidiary, obtained a Cash Collateral
Cash Collateral sebesar Rp10,0 miliar dari Credit Facility amounting to Rp10.0 billion from
PT Bank Jakarta (dahulu PT Bank DKI) yang PT Bank Jakarta (formerly PT Bank DKI) which
bertujuan untuk penambahan modal kerja. Jangka aims to increase working capital. The term of this
waktu fasilitas ini satu (1) bulan sejak akad kredit facility is one (1) month from the credit agreement
27 Desember 2024. Fasilitas tersebut dijamin on December 27, 2024. This facility is secured by
dengan rekening giro sebesar Rp11,0 miliar. checking account amounting to Rp11.0 billion.
Pada tanggal 24 Januari 2025, SAE telah On January 24, 2025, SAE has fully paid this
melunasi fasilitas pinjaman tersebut. credit facility.
2. PT Bakrie Construction (BCons), Entitas Anak, 2. PT Bakrie Construction (BCons), a Subsidiary,
memperoleh Fasilitas Kredit Berjaminan Tunai obtained a Cash Collateral Credit Facility
(Giro) sebesar Rp10,5 miliar dari PT Bank Jakarta amounting to Rp10.5 billion from PT Bank Jakarta
(dahulu PT Bank DKI) yang bertujuan untuk (formerly PT Bank DKI) which aims to increase
penambahan modal kerja. Jangka waktu fasilitas working capital. The term of this facility is one (1)
ini satu (1) tahun sejak 10 Februari 2025. Fasilitas year from February 10, 2025. This facility is
tersebut dijamin dengan rekening giro sebesar secured by checking account amounting to
Rp11,0 miliar. Rp11.0 billion.
Saldo fasilitas kredit pada tanggal 31 Desember Outstanding balance of these credit facilities as
2025 dan 2024 adalah masing-masing sebesar of December 31, 2025 and 2024, amounted
Rp50,0 miliar dan Rp10,0 miliar. Rp50.0 billion and Rp10.0 billion, respectively.
i. PT Bank Ina Perdana Tbk i. PT Bank Ina Perdana Tbk
1. Berdasarkan Akta No. 4 tanggal 27 Februari 2024, 1. Based on Deed of Credit Agreement No. 4 dated
PT Bakrie Autoparts (BA), Entitas Anak, February 27, 2024, PT Bakrie Autoparts (BA),
memperoleh fasilitas pinjaman dari PT Bank Ina a Subsidiary, obtained credit facility from PT Bank
Perdana Tbk (Bank Ina) dalam bentuk pinjaman Ina Perdana Tbk (Bank Ina) in the form of Current
Rekening Koran (PRK) dengan plafon sebesar Account (PRK) facility with plafond amounting to
Rp10,0 miliar untuk pembiayaan modal kerja Rp10.0 billion for operational working capital
dengan jangka waktu maksimal dua belas (12) financing with maximum term of twelve (12)
bulan. months.
Fasilitas ini, bersama dengan fasilitas pinjaman This facility, along with other credit facilities from
lainnya dari Bank Ina (Catatan 26h), dijamin Bank Ina (Note 26h), is secured by:
dengan:
i. Sebidang tanah dan bangunan dengan bukti i. Land and building owned through SHGB No.
kepemilikan SHGB No. 5340 dan SHGB 5340 and SHGB No. 291 under PT Bina
No. 291 atas nama PT Bina Usaha Mandiri Usaha Mandiri Misuzawa (BUMM) which is
Misuzawa (BUMM) yang berlokasi di Jl K.H located at Jl K.H EZ Muttaqien, Tangerang,
EZ Muttaqien, Tangerang, Banten. Banten.
ii. Mesin dan peralatan yang dimiliki BUMM. ii. Machineries and equipment owned by
BUMM.
Pada tanggal 21 April 2025, BA memperoleh surat On April 21, 2025, BA received an approval letter
persetujuan perpanjangan fasilitas PRK dari Bank for the extension of the PRK facility from Bank Ina
Ina dimana batas waktu penarikan penggunaan which extends the withdrawal for using the loan
fasiitas pinjaman diperpanjang sampai dengan facility until February 27, 2026.
tanggal 27 Februari 2026.
2. Berdasarkan Akta Notaris Hannywati Gunawan, 2. Based on Notarial Deed of Hannywati Gunawan,
S.H., No. 216 tanggal 28 Agustus 2024, VKTR S.H., No. 216 dated August 28, 2024, VKTR
memperoleh fasilitas pinjaman dari Bank Ina obtained a loan facility Bank Ina with term of for
dengan jangka waktu pinjaman selama satu (1) one (1) year from the date of this agreement.
tahun sejak tanggal perjanjian ini Fasilitas sebagai Facilities are as follows:
berikut:
i. Fasilitas KMK dengan plafon sebesar i. KMK facility with plafond amounting to
Rp50,0 miliar untuk pembiayaan pengadaan Rp50.0 billion for financing the procurement
Bus/Truk Listrik. of Electric Buses/Truck.
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550
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
Page 553
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
ii. Fasilitas Bank Garansi dengan plafon ii. Bank Guarantee facility with plafond
sebesar Rp10,0 miliar untuk jaminan amounting to Rp10.0 billion for bid guarantee
penawaran dan pembayaran Uang Muka and payment of Down Payments for the
pengadaan Bus/Truk Listrik. procurement of Electric Buses/Truck.
Fasilitas tersebut dijamin dengan: These facilities are secured by:
i. Sebidang tanah dan bangunan dengan bukti i. Land and buildings owned through SHGB
kepemilikan SHGB No. 40 atas nama No. 40 under the name of the Company
Perusahaan yang berlokasi di Jl. Mayor Salim which is located at Jl. Mayor Salim Batubara,
Batubara, No. 714/143, RT 012 RW 004, No. 714/143, RT 012 RW 004, Kelurahan
Kelurahan Sekip Jaya, Kecamatan Sekip Jaya, Kecamatan Kemuning,
Kemuning, Palembang, Sumatera Selatan. Palembang, Sumatera Selatan.
ii. Account Receivable senilai 175% dari plafon ii. Account Receivable amounting 175% from
fasilitas KMK. plafond KMK facility.
iii. Unit bus dan/atau truk Completely Built Up iii. Completely Built Up (CBU)/ Completely
(CBU)/Completely Knocked Down (CKD) Knocked Down (CKD) bus and/or truck units
yang dibiayai Bank Ina senilai financed by Bank Ina amounting to
Rp62.500.000.000 (125% dari plafon fasilitas Rp62,500,000,000 (125% from the plafond of
KMK). the KMK facility).
iv. Letter of Comfort dari Perusahaan. iv. Letter of Comfort from the Company.
Pada tahun 2025, VKTR dan BA telah membayar In 2025, VKTR and BA paid a total amount of
sebesar Rp23,4 miliar atas fasilitas kredit ini. Rp23.4 billion for these credit facilities.
Saldo fasilitas kredit pada tanggal 31 Desember Outstanding balance of these credit facilities as
2025 dan 2024 adalah masing-masing sebesar of December 31, 2025 and 2024 amounted to
Rp15,7 miliar dan Rp19,7 miliar. Rp15.7 billion and Rp19.7 billion, respectively.
j. PT Bank Tabungan Negara (Persero) Tbk j. PT Bank Tabungan Negara (Persero) Tbk
1. Pada tanggal 11 September 2023, BMI, Entitas 1. On September 11, 2023, BMI, a Subsidiary,
Anak, memperoleh fasilitas kredit modal kerja obtained working capital contractor credit
pinjaman rekening koran dari BTN dengan plafon facilities from BTN in the form of a revolving
sebesar Rp18,0 miliar yang dipergunakan untuk credit loan with plafond amounting to
pembiayaan modal kerja usaha pabrikasi baja Rp18.0 billion which was used to finance the
dan besi dan memiliki jangka waktu kredit working capital of steel and iron fabrication and
selama dua belas (12) bulan. have a credit period of twelve (12) months.
Fasilitas tersebut dijamin dengan: This facility is secured by:
i. Kelayakan usaha BMI dalam bidang pabrikasi i. The feasibility of BMI’s business in the steel
struktur besi dan baja. and iron structure fabrication.
ii. Tanah dan bangunan seluas 26.860 m² atas ii. Land and building with an area 26,860 m²
nama BMI di Harapan Jaya, Bekasi Utara, under the name of BMI at Harapan Jaya,
Jawa Barat. Bekasi Utara, Jawa Barat.
iii. Jaminan lain seperti cessie atau seluruh iii. Other collateral such as cessie or BMI’s
tagihan piutang BMI, akta pengakuan utang receivables, deed of indebtedness for
atas Kredit Modal Kerja Pinjaman Rekening working capital contractor credit facility in the
Koran (KMK-PRK) dengan plafon sebesar form of a Revolving Credit Loan (KMK-PRK)
Rp18,0 miliar dengan Grosse Akta dan akta with plafond amounting to Rp18.0 billion with
subordinasi yang menyatakan bahwa utang Gross Deed and subordination deed stating
kepada pihak terafiliasi tidak akan dilunasi that debts to affiliated parties will not be
sebelum utang kepada BTN lunas. settled before the debt to BTN is paid off.
Pada tanggal 24 Januari 2025, fasilitas kredit On January 24, 2025, the credit facility was
telah diubah dengan meningkatkan plafon untuk amended to increase the plafond for the revolving
pinjaman rekening koran menjadi Rp25,0 miliar, credit loan to Rp25.0 billion, with a credit period
dengan jangka waktu kredit selama dua belas of twelve (12) months.
(12) bulan.
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Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 19. SHORT-TERM BANK LOANS (Continued)
2. Pada tanggal 22 Mei 2024, BMI memperoleh 2. On May 22, 2024, BMI obtained a Contractor
fasilitas Kredit Modal Kerja (KMK) Kontraktor dari Working Capital Credit (KMK) facility from BTN
BTN dengan plafon sebesar Rp11,0 miliar yang with a plafond amounting to Rp11.0 billion which
dipergunakan untuk pekerjaan konstruksi dan was used for construction work and has a credit
memiliki jangka waktu kredit selama sembilan (9) period of nine (9) months.
bulan.
Fasilitas tersebut dijamin dengan: This facility is secured by:
i. Fidusia atas termin pembayaran atau hak i. Fiduciary security over payment terms or
tagih terhadap Surat Perjanjian Pekerjaan receivables under the Construction Work
Konstruksi. Agreement.
ii. Tanah dan bangunan seluas 26.860 m² atas ii. Land and building with an area 26,860 m²
nama BMI di Harapan Jaya, Bekasi Utara, under the name of BMI at Harapan Jaya,
Jawa Barat. Bekasi Utara, Jawa Barat.
iii. Jaminan lain seperti cessie atau seluruh iii. Other collateral such as cessie or BMI’s
tagihan piutang BMI, akta pengakuan utang receivables, deed of indebtedness for working
atas KMK Kontraktor dengan plafon sebesar capital contractor credit facility in the form of a
Rp11,0 miliar dengan Grosse Akta dan akta revolving credit loan (KMK Contractor) with
subordinasi yang menyatakan bahwa utang plafond amounting to Rp11.0 billion with Gross
kepada pihak terafiliasi tidak akan dilunasi Deed and subordination deed stating that
sebelum utang kepada BTN lunas. debts to affiliated parties will not be settled
before the debt to BTN is paid off.
Pada tanggal 12 Februari 2025, BMI telah On February 12, 2025, BMI has fully paid this
melunasi fasilitas pinjaman tersebut. credit facility.
3. PT Suluh Ardhi Engineering (SAE), Entitas Anak, 3. PT Suluh Ardhi Engineering (SAE), a Subsidiary,
memperoleh Fasilitas Kredit Swadaya Lembaga obtained an Institutional Self-funding Credit
sebesar Rp9,0 miliar dari BTN yang bertujuan Facility amounting to Rp9.0 billion from BTN which
untuk kredit swadana. Jangka waktu fasilitas ini aims to self-financing credit. The term of this
satu (1) bulan sejak akad kredit 27 Desember facility is one (1) month from the credit agreement
2024. on December 27, 2024.
Fasilitas tersebut dijamin dengan tabungan yang This facility is secured by savings placed in BTN
ditempatkan pada BTN sebesar Rp10,0 miliar. amounting to Rp10.0 billion.
Pada tanggal 24 Januari 2025, SAE telah On Januari 24, 2025, SAE has fully paid this credit
melunasi fasilitas pinjaman tersebut. facility.
Pada tahun 2025, BMI dan SAE telah membayar In 2025, BMI and SAE paid a total amount of
sebesar Rp41,5 miliar atas fasilitas kredit ini. Rp41.5 billion for these credit facilities.
Saldo fasilitas kredit pada tanggal 31 Desember 2025 Outstanding balance of these credit facilities as
dan 2024 adalah masing-masing sebesar nihil dan of December 31, 2025 and 2024 amounted to
Rp41,5 miliar. nil and Rp41.5 billion, respectively.
Manajemen berkeyakinan bahwa seluruh pinjaman The management believes that all short-term loans of the
jangka pendek Grup telah memenuhi persyaratan dan Group has complied with the terms and conditions
kondisi sebagaimana diatur dalam perjanjian pinjaman. stipulated in the agreements.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 555
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. UTANG USAHA 20. TRADE PAYABLES
2025 2024
Pihak ketiga Third parties
PT Waskita Karya (Persero) Tbk 279.604 - PT Waskita Karya (Persero) Tbk
PT Waskita Beton Precast Tbk 184.100 - PT Waskita Beton Precast Tbk
PT Krakatau Posco 73.059 116.186 PT Krakatau Posco
PT Yahukimo Bersatu Indonesia 43.254 94.003 PT Yahukimo Bersatu Indonesia
PT Indal Steel Pipe 40.703 - PT Indal Steel Pipe
Cumic Steel Limited 27.090 - Cumic Steel Limited
PT Jasa Marga Tollroad Operator 17.912 - PT Jasa Marga Tollroad Operator
PT Inti Sumber Baja Sakti 16.030 - PT Inti Sumber Baja Sakti
PT Solusi Prima Raya 11.534 11.534 PT Solusi Prima Raya
PT Krakatau Steel 11.035 87.296 PT Krakatau Steel
PT KHI Pipe Industries 3.945 46.430 PT KHI Pipe Industries
PT Metal One Indonesia - 81.125 PT Metal One Indonesia
Automotive Engineering Corporation - 13.263 Automotive Engineering Corporation
Lain-lain (dibawah Rp10 miliar) 180.316 290.068 Others (below Rp10 billion)
Total pihak ketiga 888.582 739.905 Total third parties
Pihak berelasi (Catatan 40e) 18.403 21.126 Related parties (Note 40e)
Total 906.985 761.031 Total
Rincian utang usaha berdasarkan mata uang adalah Details of trade payable based on currencies are as
sebagai berikut: follows:
Mata uang 2025 2024 Currencies
Rupiah 864.795 745.051 Rupiah
Dolar AS 37.331 15.762 US Dollar
Dolar Singapore 4.655 218 Singapore Dollar
Yen Jepang 204 - Japanese Yen
Total 906.985 761.031 Total
Rincian umur utang usaha adalah sebagai berikut: Details of aging schedule of trade payables are as
follows:
2025 2024
Sampai dengan 1 bulan 549.483 445.218 Up to 1 month
1 bulan - 3 bulan 69.299 65.731 1 month - 3 months
3 bulan - 6 bulan 67.375 11.059 3 months - 6 months
6 bulan - 1 tahun 8.946 58.590 6 months - 1 year
Lebih dari 1 tahun 211.882 180.433 Over 1 year
Total 906.985 761.031 Total
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. UTANG LAIN-LAIN 21. OTHER PAYABLES
2025 2024
Pihak ketiga Third parties
PT Yahukimo Bersatu Indonesia 15.739 16.901 PT Yahukimo Bersatu Indonesia
Lain-lain (dibawah Rp10 miliar) 30.187 69.202 Others (below Rp10 billion)
Subtotal 45.926 86.103 Subtotal
Pihak berelasi (Catatan 40f) Related parties (Note 40f)
PT Provices Indonesia 18.893 15.014 PT Provices Indonesia
Dana Pensiun Bakrie Dana Pensiun Bakrie
(dalam likuidasi) 7.508 8.882 (under liquidation)
Lain-lain (dibawah Rp10 miliar) 3.532 4.288 Others (below Rp10 billion)
Subtotal 29.933 28.184 Subtotal
Total 75.859 114.287 Total
22. BEBAN AKRUAL 22. ACCRUED EXPENSES
2025 2024
Proyek 140.140 55.236 Projects
Bunga 66.665 28.368 Interest
Gaji, upah dan tunjangan 19.572 27.631 Salaries, wages and allowances
Pesangon 7.182 15.261 Severance payment
Pengangkutan 6.597 2.806 Transportation
Listrik, air dan telepon 2.912 3.622 Electricity, water and telephone
Jasa profesional 2.666 4.398 Professional fees
Lain-lain (dibawah Rp1 miliar) 34.550 13.698 Others (below Rp1 billion)
Total 280.284 151.020 Total
Proyek akrual terutama berasal dari akrual beban bagian Accrued projects mainly comes from accrual of expenses
dari proyek infrastruktur dan telekomunikasi yang belum related to telecommunication and infrastructure projects
ditagihkan dari pemasok. which has not yet been invoiced by the suppliers.
Denda akrual terutama berasal dari akrual bunga terkait Accrued interest mainly comes from accrual of interest
dengan pinjaman jangka pendek dan jangka panjang related to short-term and long-term loans past due their
yang telah jatuh tempo tetapi belum dibayar oleh Grup. maturity dates but have not been paid by the Group.
23. UANG MUKA PELANGGAN 23. CUSTOMER DEPOSITS
2025 2024
PT Catur Prima Perkasa 21.065 27.781 PT Catur Prima Perkasa
Konsorsium Petro-BPI-CPM 27.474 27.474 Konsorsium Petro-BPI-CPM
PT Tridaya Esa Pakarty 8.614 4.506 PT Tridaya Esa Pakarty
KSO PT Timas Suplindo KSO PT Timas Suplindo
PT Rekayasa Industri 6.420 - PT Rekayasa Industri
PT Adara Investago Corpora 5.246 - PT Adara Investago Corpora
PT Sentul City Tbk 4.800 4.800 PT Sentul City Tbk
PT Benteng Anugerah Sejahtera 4.797 11.012 PT Benteng Anugerah Sejahtera
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 557
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. UANG MUKA PELANGGAN (Lanjutan) 23. CUSTOMER DEPOSITS (Continued)
2025 2024
KSO Adhi Hutama Nindya Abipraya 3.713 - KSO Adhi Hutama Nindya Abipraya
PT Kencana Graha Pertiwi 3.304 - PT Kencana Graha Pertiwi
PT Bertie Sukses Makmur 2.757 19.478 PT Bertie Sukses Makmur
PT Intisumber Bajasakti 2.583 4.646 PT Intisumber Bajasakti
PT Adhi Persada Gedung - 32.439 PT Adhi Persada Gedung
PT Krakatau Pipe Industries - 20.611 PT Krakatau Pipe Industries
PT Zekon Indonesia - 16.371 PT Zekon Indonesia
Lain-lain (dibawah Rp1 miliar) 2.178 2.065 Others (below Rp1 billion)
Total 92.951 171.183 Total
Seluruh uang muka pelanggan berasal dari pihak ketiga. Customer deposits are all from third parties.
24. UTANG LAIN-LAIN JANGKA PANJANG 24. LONG-TERM OTHER PAYABLES
Utang lain-lain jangka panjang merupakan utang Long-term other payables pertain to payables of
PT Cimanggis Cibitung Tollways (CCT), Entitas Anak, PT Cimanggis Cibitung Tollways (CCT), a Subsidiary, to
kepada PT Waskita Toll Road (WTR). PT Waskita Toll Road (WTR).
Berdasarkan Perjanjian Fasilitas Pinjaman Pemegang Based on Shareholder Loan Facility Agreement
Saham No. 06/FPPS/WTR/2016 tanggal 24 Mei 2016, No. 06/FPPS/WTR/2016 dated May 24, 2016,
CCT mendapatkan pinjaman dari WTR dengan nilai CCT obtained loan facility from WTR amounting to
sebesar Rp1,04 triliun. Pinjaman ini digunakan untuk Rp1.04 trillion. The purpose of the loan facility is for
pembebasan tanah. Pinjaman ini memiliki jangka waktu land acquisition. This credit facility is repayable in six (6)
enam (6) bulan sejak tanggal pencairan pinjaman dan months from the date of drawdown and bears interest of
dikenakan bunga 9,5% pada tahun dengan metode 9.5% per annum on a compounding interest method.
perhitungan compound interest.
Sesuai dengan Berita Acara Kesepakatan Bersama Pursuant to the Minutes of the Joint Agreement between
antara CCT, WTR, PT Bakrie Toll Indonesia (BTI) dan the CCT, WTR, PT Bakrie Toll Indonesia (BTI) and
Perusahan pada tanggal 25 September 2025 dan the Company dated September 25, 2025 and the
adendum Perjanjian No. ADD/21.1/WTR/1225 tanggal addendum to Agreement No. ADD/21.1/WTR/1225 dated
17 Desember 2025, dengan adanya perubahan struktur December 17, 2025, following the change in CCT’s
pemegang saham CCT, masa berlaku perjanjian shareholding structure, the term of the loan agreement
pinjaman diperpanjang sampai dengan 31 Desember was extended until December 31, 2031 and the interest
2031 dan bunga yang dikenakan menjadi sebesar 7,95% rate was amended to 7.95% per annum on a simple
per tahun atas dasar simple interest yang terhitung sejak interest basis, effective from the date of the change in
tanggal efektifnya perubahan pengendalian CCT. control over CCT.
Pada tanggal 31 Desember 2025 dan 2024, saldo utang As of December 31, 2025 and 2024, outstanding balance
kepada WTR berdasarkan perjanjian tersebut masing- of other payable to WTR based on this agreement
masing sebesar Rp275,1 miliar dan nihil. amounted to Rp275.1 billion and nil, respectively.
25. PROVISI PELAPISAN JALAN TOL 25. PROVISION FOR TOLL OVERLAY
Provisi pelapisan jalan tol merupakan cadangan atas Provision for toll overlay represents provision for asphalt
beban pelapisan aspal, perkerasan beton, penggantian resurfacing, concrete pavement, marking replacement
marka dan pengecatan di masa mendatang. and painting expenses in the future.
Pada tanggal 31 Desember 2025 dan 2024, saldo provisi As of December 31, 2025 and 2024, outstanding balance
pelapisan jalan tol masing-masing sebesar Rp30,9 miliar of provision for toll overlay amounted to Rp30.9 billion
dan nihil. and nil, respectively.
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG 26. LONG-TERM LOANS
2025 2024
Rupiah Rupiah
Pinjaman Sindikasi 9.715.210 - Syndicated Loan
Hartman International Ltd 3.662.418 - Hartman International Ltd
PT Bank Mayapada Internasional Tbk 543.266 - PT Bank Mayapada Internasional Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 321.000 - PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank MNC Internasional Tbk 277.571 194.301 PT Bank MNC Internasional Tbk
PT Bank Nationalnobu Tbk 190.000 - PT Bank Nationalnobu Tbk
PT Bank Negara Indonesia (Persero) Tbk 30.627 6.066 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Ina Perdana Tbk 24.186 17.315 PT Bank Ina Perdana Tbk
PT Rekapital Aset Indonesia 13.580 15.330 PT Rekapital Aset Indonesia
Lain-lain (dibawah Rp10 miliar) 10.610 13.056 Others (below Rp10 billion)
Subtotal 14.788.468 246.068 Subtotal
Mata uang asing (USD) Foreign currency (USD)
Indies Special Opportunities III Ltd 114.758 202.025 Indies Special Opportunities III Ltd
Total 14.903.226 448.093 Total
Dikurangi bagian yang jatuh tempo
dalam satu tahun (345.747) (122.250) Less current portion
Bagian Jangka Panjang 14.557.479 325.843 Non-current Portion
Pinjaman jangka panjang dikenakan bunga per tahun Long-term loans bear annual interest rates as follows:
sebagai berikut:
2025 dan/and 2024
Rupiah 3% - 17% Rupiah
Dolar AS 1% - 17% US Dollar
a. Pinjaman Sindikasi a. Syndicated Loan
Berdasarkan Akta No. 117 tanggal 24 April 2019 oleh Based on Deed No. 117 dated April 24, 2019, of
Ariani Lakhsmijati Rachim, S.H., notaris di Jakarta, Ariani Lakhsmijati Rachim S.H., notary in Jakarta,
PT Cimanggis Cibitung Tollways (CCT), Entitas Anak, PT Cimanggis Cibitung Tollways (CCT), a Subsidiary,
telah menandatangani perjanjian Kredit Sindikasi entered into Loan Syndication agreement with
dengan PT Bank Negara Indonesia (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank
PT Bank Rakyat Indonesia (Persero) Tbk, PT Sarana Rakyat Indonesia (Persero) Tbk, PT Sarana Multi
Multi Infrastruktur (Persero), PT Bank Panin Tbk, Infrastruktur (Persero), PT Bank Panin Tbk, PT Bank
PT Bank Pembangunan Daerah Jawa Timur, Pembangunan Daerah Jawa Timur, PT Bank
PT Bank Pembangunan Daerah Sumatera Barat, Pembangunan Daerah Sumatera Barat, PT Bank
PT Bank Pembangunan Daerah Nusa Tenggara Pembangunan Daerah Nusa Tenggara Timur,
Timur, PT Bank Pembangunan Daerah Jawa Tengah, PT Bank Pembangunan Daerah Jawa Tengah,
PT Bank Pembangunan Daerah Bali, PT Bank PT Bank Pembangunan Daerah Bali, PT Bank
Pembangunan Daerah Papua, PT Bank Pembangunan Daerah Papua, PT Bank
Pembangunan Daerah Kalimantan Selatan, PT Bank Pembangunan Daerah Kalimantan Selatan, PT Bank
Pembangunan Daerah Kalimantan Timur dan Pembangunan Daerah Kalimantan Timur and
Kalimantan Utara, PT Bank Pembangunan Daerah Kalimantan Utara, PT Bank Pembangunan Daerah
Maluku dan Maluku Utara, PT Bank Pembangunan Maluku and Maluku Utara, PT Bank Pembangunan
Daerah Lampung, PT Bank Pembangunan Daerah Daerah Lampung, PT Bank Pembangunan Daerah
Kalimantan Barat, PT Bank Pembangunan Daerah Kalimantan Barat, PT Bank Pembangunan Daerah
Sumatera Utara, PT Bank Rakyat Indonesia Unit Sumatera Utara, PT Bank Rakyat Indonesia Unit
Syariah, PT Bank Pembangunan Daerah Kalimantan Syariah, PT Bank Pembangunan Daerah Kalimantan
Timur dan Kalimantan Utara Unit Usaha Syariah, Timur and Kalimantan Utara Unit Usaha Syariah,
PT Bank Panin Dubai Syariah, PT Bank PT Bank Panin Dubai Syariah, PT Bank
Pembangunan Daerah Sumatera Selatan dan Bangka Pembangunan Daerah Sumatera Selatan and
Belitung Unit Usaha Syariah, PT Bank Pembangunan Bangka Belitung Unit Usaha Syariah, PT Bank
Daerah Jawa Barat dan Banten Unit Syariah dan Pembangunan Daerah Jawa Barat and Banten Unit
PT Bank Pembangunan Daerah Aceh Syariah. Syariah and PT Bank Pembangunan Daerah Aceh
Syariah.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 559
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
Dua puluh lima bank tersebut memberikan fasilitas These twenty-five banks are providing a credit
kredit maksimum sebesar Rp8,40 triliun yang facility with a credit ceiling of Rp8.40 trillion
terdiri dari kredit investasi dan kredit bunga masa which consists of credit investment and credit interest
konstruksi masing-masing sebesar Rp6,72 triliun dan during construction amounted to Rp6.72 trillion and
Rp1,68 triliun. Kedua fasilitas tersebut diberikan untuk Rp1.68 trillion. Both facilities are provided for the
keperluan pembangunan Jalan Tol Ruas Cimanggis - development of Cimanggis – Cibitung Toll Road.
Cibitung.
Pada bulan September 2024, CCT melakukan In September 2024, CCT refinanced its syndicated
refinancing atas pinjaman bank sindikasi dan bank loan and repaid the principal amount of
melunasi pokok pinjaman tersebut sebesar Rp6.04 trillion. Based on Notarial Deed No. 02 dated
Rp6,1 triliun. Melalui Akta No. 02 tanggal September 11, 2024 of Ariani Lakhsmijati Rachim,
11 September 2024 oleh Ariani Lakhsmijati Rachim, S.H., CCT entered into Syndicated Loan agreement
S.H., CCT telah menandatangani perjanjian Kredit with PT Bank Negara Indonesia (Persero) Tbk, PT
Sindikasi dengan PT Bank Negara Indonesia Bank Panin Tbk, PT Bank Pembangunan Daerah
(Persero) Tbk, PT Bank Panin Tbk, PT Bank Papua, PT Sarana Multi Infrastruktur (Persero) dan
Pembangunan Daerah Papua, PT Sarana Multi PT Bank Syariah Indonesia Tbk.
Infrastruktur (Persero) dan PT Bank Syariah
Indonesia Tbk.
Lima bank tersebut memberikan fasilitas maksimum The five banks provide a maximum principal
penarikan pokok sebesar Rp7,4 triliun yang terdiri withdrawal facility of Rp7.4 trillion, consisting of
dari kredit investasi trance 1a, trance 1b, trance 1c investment credit tranche 1a, tranche 1b, tranche 1c,
dan trance 2 yang masing-masing sebesar and tranche 2, amounting to Rp6.1 trillion,
Rp6,1 triliun, Rp0,7 triliun, Rp0,2 triliun dan Rp0.7 trillion, Rp0.2 trillion and Rp0.5 trillion. These
Rp0,5 triliun. Keempat fasilitas tersebut diberikan four facilities are granted for the construction of the
untuk keperluan pembangunan Jalan Tol Ruas Cimanggis-Cibitung Toll Road.
Cimanggis-Cibitung.
Pada bulan November 2025, CCT melakukan In November 2025, CCT refinanced its syndicated
refinancing atas pinjaman bank sindikasi dan bank loan and repaid the principal amount of
melunasi pokok pinjaman tersebut sebesar Rp7.22 trillion. Based on Notarial Deed No. 05 dated
Rp7,22 triliun. Berdasarkan Akta No. 05 tanggal November 20, 2025 of Ariani Lakhsmijati Rachim,
20 November 2025 oleh Ariani Lakhsmijati Rachim, S.H., CCT entered into Loan Syndication agreement
S.H., CCT telah menandatangani perjanjian Kredit with PT Bank Negara Indonesia (Persero) Tbk,
Sindikasi dengan PT Bank Negara Indonesia PT Bank Mandiri (Persero) Tbk, PT Bank Rakyat
(Persero) Tbk, PT Bank Mandiri (Persero) Tbk, Indonesia (Persero) Tbk, PT Bank Syariah Indonesia
PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Tbk, PT Bank Pembangunan Daerah Papua,
Syariah Indonesia Tbk, PT Bank Pembangunan PT Bank Pembangunan Daerah Kalimantan Tengah
Daerah Papua, PT Bank Pembangunan Daerah and PT Bank Pembangunan Daerah Maluku dan
Kalimantan Tengah dan Bank Pembangunan Daerah Maluku Utara.
Maluku dan Maluku Utara.
Ketujuh bank tersebut memberikan fasilitas untuk The seven banks provided facility for the repayment of
pelunasan bridging loan pinjaman pemegang saham the bridging shareholder loan with a maximum
dengan maksimum penarikan pokok sebesar principal withdrawal facility of Rp9.8 trillion, with the
Rp9,8 triliun dengan rincian sebagai berikut: following details:
a. Fasilitas pembiayaan investasi musyarakah a. A musyarakah mutanaqishah investment
mutanaqishah sebesar Rp1,30 triliun, yang financing facility amounting to Rp1.30 trillion,
dibagi sebagai: (i) fasilitas Tranche 1 consisting of: (i) Tranche 1 Facility (sharia
(pembiayaan investasi pokok syariah) sebesar principal investment financing) amounting to
Rp945,95 miliar dan (ii) fasilitas Tranche 2 Rp945.95 billion; and (ii) Tranche 2 Facility
(pembiayaan investasi pokok syariah) sebesar (sharia principal investment financing) amounting
Rp354,05 miliar. to Rp354.05 billion.
b. Fasilitas kredit pembiayaan sebesar b. A credit financing facility amounting to Rp8.50
Rp8,50 triliun, yang dibagi sebagai: (i) fasilitas trillion, consisting of: (i) Tranche 1 Facility
Tranche 1 (kredit investasi pokok konvensional) (conventional principal investment loan)
sebesar Rp6,19 triliun dan (ii) fasilitas Tranche 2 amounting to Rp6.18 trillion; and (ii) Tranche 2
(kredit investasi pokok konvensional) sebesar Facility (conventional principal investment loan)
Rp2,31 triliun. amounting to Rp2.31 trillion.
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 560
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
Pinjaman tersebut di atas dijamin dengan seluruh hak The above loan are collateralized by all of toll road
konsesi pengusahaan jalan tol, seluruh tagihan dan concessions right, all invoices and operating
pendapatan operasional dari pengelolaan jalan tol revenues from toll road management and other
dan usaha-usaha lain terkait pengelolaan jalan tol, business ventures related to toll road management,
escrow account, tagihan atas pendapatan dari hasil escrow account, claim for income from insurance
klaim asuransi, klaim bank garansi, dan penggantian claim, bank guarantee claims and reimbursement of
dana dari pemerintah, gadai saham serta corporate fund from the government, the shareholder’s pledge
guarantee dari pemegang saham. Perjanjian of shares, and the corporate guarantee of the
pinjaman juga mencakup persyaratan tertentu antara shareholders. The loan agreement also covers
lain: membatasi hak CCT untuk memperoleh certain requirements such as: limiting the CCT’s right
kredit/fasilitas baru, mengubah susunan pemegang to obtain new credits/facilities, changing shareholder
saham, melakukan perubahan PPJT dan/atau structure, making changes to the PPJT and/or
business plan, serta mengharuskan CCT untuk business plan, and requires the CCT to maintain
mempertahankan rasio keuangan tertentu yang certain financial ratios calculated based on the CCT
dihitung berdasarkan laporan keuangan CCT. financial statement.
Atas fasilitas ini, CCT diwajibkan menjaga rasio-rasio Under this facility, CCT is required to maintain the
keuangan antara lain: following financial ratios:
a. Menjaga ekuitas selalu positif. a. Maintain positive equity at all times.
b. Menjaga Debt to Equity Ratio ("DER") adalah b. Minimum Debt to Equity Ratio (DER) is the ratio
perbandingan total utang sindikasi dibagi of the total syndicated debt to equity, with a
modal/equity dengan ketentuan maksimal maximum of 6.25 times in accordance with the
sesuai komposisi pembiayaan pinjaman loan financing composition. For the avoidance
sebesar 6,25 kali. Untuk menghindari keragu- of doubt, Subordinated Shareholder Loan shall
raguan, Pinjaman Pemegang Saham be treated as Equity portion.
Subordinasi akan dihitung sebagai porsi Equity.
c. Menjaga Debt Service Coverage Ratio c. Maintain a minimum Debt Service Coverage
("DSCR") minimum 100% (≥100%). Ratio ("DSCR") of at least 100% (≥100%).
Pada tanggal 31 Desember 2025, saldo fasilitas As of December 31, 2025, the outstanding balance of
pinjaman sindikasi adalah sebagai berikut: the syndicated loan facility is as follows:
2025 2024
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 3.606.457 - (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 2.003.587 - PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 2.003.587 - (Persero) Tbk
PT Bank Syariah Indonesia 1.302.332 - PT Bank Syariah Indonesia
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Papua 601.076 - Papua
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Kalimantan Tengah 150.269 - Kalimantan Tengah
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Maluku dan Maluku Utara 150.269 - Maluku dan Maluku Utara
Total 9.817.577 - Total
Dikurangi biaya transaksi
belum diamortisasi (102.367) - Less unamortized transaction costs
Neto 9.715.210 - Net
b. Hartman International Ltd b. Hartman International Ltd
Pada tanggal 14 November 2025, Hartman On November 14, 2025, Hartman International Ltd
International Ltd (Hartman) memberikan fasilitas (Hartman) provided loan facility to the PT Bakrie Toll
pinjaman kepada PT Bakrie Toll Indonesia (BTI), Indonesia (BTI), a Subsidiary, which was used to
Entitas Anak, yang digunakan untuk pembiayaan finance the acquisition of shares and the transfer of
akuisisi saham dan pengalihan atas seluruh piutang all receivables under the CCT Shareholder Loan, and
berdasarkan Shareholder Loan CCT, dan akan jatuh will mature within three (3) years.
tempo di dalam tiga (3) tahun.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 561
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
Fasilitas tersebut dijamin dengan 6.625 saham BTI The facility is secured by 6,625 BTI shares owned by
yang dimiliki oleh PT Bakrie Indo Insfrastructure, PT Bakrie Indo Infrastucture, a Subsidiary.
Entitas Anak.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
pinjaman adalah masing-masing sebesar Rp3,7 triliun balance from this loan amounted to Rp3.7 trillion and
dan nihil. nil, respectively.
c. PT Bank Mayapada Internasional Tbk c. PT Bank Mayapada Internasional Tbk
Pada tanggal 18 November 2025, PT Bank On November 18, 2025, PT Bank Mayapada
Mayapada Internasional Tbk (Bank Mayapada) Internasional Tbk (Bank Mayapada) provided Fixed
memberikan Fasilitas Pinjaman Tetap Angsuran Instalments Loan (PTA) facility with maximum plafond
(PTA) dengan maksimum plafon sebesar Rp550,0 of Rp550,0 billion to the Company, which was used to
miliar kepada Perusahaan, yang digunakan untuk finance the acquisition of shares and the transfer of
pembiayaan akuisisi saham dan pengalihan atas all receivables under the CCT Shareholder Loan, and
seluruh piutang berdasarkan Shareholder Loan CCT, will mature within sixty (60) months.
dan akan jatuh tempo di dalam enam puluh (60)
bulan.
Berdasarkan perjanjian-perjanjian ini, Perusahaan Based on these agreements, the Company shall not
tidak diperkenankan melakukan transaksi-transaksi perform transactions to carryout the following
untuk kegiatan-kegiatan berikut tanpa persetujuan activities without the prior written approval from the
tertulis terlebih dahulu dari Bank Mayapada, antara Bank Mayapada, among others:
lain:
i. Melakukan penambahan fasilitas kredit baru dari i. To obtain additional new credit facilities from other
pihak lain. parties.
ii. Melakukan penerbitan surat berharga. ii. To issue bonds.
iii. Melakukan pelunasan utang afiliasi dan/atau iii. To repay debts to affiliates and/or shareholders.
pemegang saham.
iv. Melakukan penjamin bagi pihak lain berupa iv. To provide guarantees for other parties in the form
corporate guarantee. of a corporate guarantee.
v. Melakukan penarikan atas modal yang telah di v. To withdraw paid-up capital or make changes to
setorkan atau perubahan struktur permodalan the capital structure as of the date the credit
terhitung sejak fasilitas kredit diberikan. facility is granted.
vi. Membagikan dividen kecuali Perusahaan terbuka. vi. To distribute dividends, except for a public
company.
Fasilitas ini, bersama dengan fasilitas pinjaman This facility, along with the Company’s other credit
lainnya Perusahaan dari Bank Mayapada facility from Bank Mayapada (Note 19), are secured
(Catatan 19), dijamin dengan: by:
1. Agunan SHGB No. 08663 dan No. 08661 1. SHGB Nos. 08663 and 08661 under the name
atas nama PT Pilar Agra Unggul (PAU) dengan of PT Pilar Agra Unggul (PAU) with area of
masing-masing luas 31.062 m² dan 21.816 m² 31,062 m² and 21,816 m² located at Semanan,
berada di Semanan, Jalan Daan Mogot Km 17.3, Jalan Daan Mogot Km 17.3, Kalideres, Jakarta
Kalideres, Jakarta Barat. Barat.
2. 1,2 miliar lembar saham PT VKTR Teknologi 2. 1.2 billion shares of PT VKTR Teknologi Mobilitas
Mobilitas Tbk yang sudah dimiliki oleh Tbk which is already owned by the Company.
Perusahaan.
Pada tahun 2025 Perusahaan telah membayar In 2025, the Company paid a total amount of
sejumlah Rp6,7 miliar atas pinjaman ini. Rp6.7 billion for this loans.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the outstanding
saldo pinjaman adalah masing-masing sebesar balance from this loan amounted to Rp543.3 billion
Rp543,3 miliar dan nihil. and nil, respectively.
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Human Capital Management Tata Kelola Perusahaan dan Lingkungan Additional Information Financial Report
Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 562
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
d. PT Bank Rakyat Indonesia Tbk d. PT Bank Rakyat Indonesia Tbk
Berdasarkan Akta Notaris Sri Sumarni, S.H., M.Kn., Based on Notarial Deed No. 02 of Sri Sumarni, S.H.,
No. 02 tanggal 2 September 2025, PT Bakrie M.Kn., dated September 2, 2025, PT Bakrie Pipe
Pipe Industries (BPI) dan PT South East Asia Industries (BPI) and PT South East Asia Pipe
Pipe Industries (SEAPI), Entitas Anak, Industries (SEAPI), subsidiaries, entered into an
menandatangani Addendum Perpanjangan Perjanjian Addendum for Extension of Credit Agreement with
Kredit dengan PT Bank Rakyat Indonesia (Persero) PT Bank Rakyat Indonesia (Persero) Tbk (BRI) for
Tbk (BRI) untuk menyediakan fasilitas kredit Term the Term Loan (Pseudo R/C – declining CO) facility
Loan (Pseudo R/C – CO menurun) dengan with maximum plafond of Rp330.0 billion with the
maksimum plafon Rp330,0 miliar dengan jangka duration of the loan being thirty six (36) months from
waktu pinjaman selama tiga puluh enam (36) bulan the date of this agreement.
sejak tanggal perpanjangan ini.
Fasilitas tersebut dijamin dengan: The facility is secured by:
i. Piutang usaha, persediaan dan mesin produksi i. Trade receivables, inventories, and production
yang telah diikat dalam perjanjian fidusia. machinery secured under fiduciary agreements.
ii. Sertifikat hak milik atas satuan rumah susun ii. Strata title office units (2 units) – Bakrie Tower,
(2 unit kantor) – Bakrie Tower, Jakarta. Jakarta.
iii. Tanah dan bangunan (HGB) di Jl. Raya Pejuang, iii. Land and buildings (HGB) at Jl. Raya Pejuang,
Bekasi seluas 122.745 m² dan 21.150 m². Bekasi with areas of 122,745 m² and 21,150 m².
iv. Mesin pendukung utilitas, alat berat dan iv. Supporting utility machinery, heavy equipment,
kendaraan yang diikat dalam perjanjian fidusia. and vehicles encumbered under fiduciary
agreements.
Berdasarkan perjanjian-perjanjian ini, BPI tidak Based on these agreements, BPI shall not perform
diperkenankan melakukan transaksi-transaksi untuk transactions to carryout the following activities without
kegiatan-kegiatan berikut tanpa persetujuan tertulis the prior written approval from the BRI, among others:
terlebih dahulu dari BRI, antara lain:
i. Memperoleh pinjaman baru dari pihak lain. i. Obtain a new loan from another party.
ii. Menjaminkan atau mengalihkan aset jaminan. ii. Pledge or transfer collateral assets.
iii. Mengubah komposisi pemegang saham, direksi, iii. Change the composition of shareholders,
atau komisaris. directors, or commissioners.
iv. Melakukan merger, akuisisi, pembubaran, atau iv. Undertake mergers, acquisitions, dissolution, or
tindakan korporasi material lainnya. other material corporate actions.
v. Tidak memenuhi rasio-rasio keuangan yang v. Failure to comply with required financial
ditetapkan. covenants.
Pada tahun 2025 BPI dan SEAPI telah membayar In 2025, BPI dan SEAPI paid a total amount of
sejumlah Rp9,0 miliar atas pinjaman ini. Rp9.0 billion for this loans.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the outstanding
saldo pinjaman adalah masing-masing sebesar balance from this loan amounted to Rp321.0 billion
Rp321,0 miliar dan nihil. and nil, respectively.
e. PT Bank MNC Internasional Tbk e. PT Bank MNC Internasional Tbk
1. Pada tanggal 1 November 2024, MKN 1. On November 1, 2024, MKN obtained an
memperoleh Fasilitas Pinjaman Investasi (PI) dari Investment Loan Facility (PI) from MNC amounting
MNC sebesar Rp152,4 miliar dengan jatuh tempo to Rp152.4 billion with maturity date until October
sampai dengan 2 Oktober 2032. Pinjaman ini 2, 2032. The purpose of this loan was to release
digunakan untuk membebaskan PT Pilar Agra PT Pilar Agra Unggul (PAU) as the guarantor for
Unggul (PAU) sebagai penjamin atas pinjaman the loan of Equity Worldwide Investment Limited at
Equity Worldwide Investment Limited di Credit Credit Suisse AG Singapore Branch.
Suisse AG Singapore Branch.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 563
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
Fasilitas tersebut dijamin dengan: The facilities are secured by:
i. Aset tetap berupa tanah kosong seluas i. Fixed assets consisting of 100,000 m² of vacant
100.000m² yang terdaftar atas nama PAU yang land owned by PAU located in Jln Daan Mogot
beralamat di Jln Daan Mogot KM 17,3 KM 17.3 Kel. Semanan, Kec. Kalideres Jakarta
Kel. Semanan, Kec. Kalideres, Jakarta Barat Barat, under SHGB No. 00061, 08663,
sesuai SHGB No 00061, 08663 dan 08661. and 08661. A first-ranking mortgage of
Hak tanggungan akan di pasang peringkat Rp234.0 billion will be registered, with a partial
pertama sebesar Rp234.0 miliar dan hak mortgage for MKN, including a partial royalty
tanggungan parsial untuk MKN sebesar clause. The mortgage values are distributed as:
dengan penambahan klausul royal parsial (i) SHGB No. 00061 with Rp95.7 billion;
dengan detail: (i) SHGB No. 00061 sebesar (ii) SHGB No. 08663 with Rp87.2 billion
Rp95,7 miliar; (ii) SHGB No. 08663 sebesar and (iii) SHGB No. 08661 with Rp51.2 billion.
Rp87,2 miliar; dan (iii) SHGB No. 08661 The mortgage value share is calculated at 99%
sebesar Rp51,2 miliar. Perhitungan komposisi of the total mortgage value;
porsi nilai hak tanggungan sebesar 99% dari
total nilai hak tanggungan;
ii. Corporate Guarantee atas nama PT Bakrie ii. Corporate Guarantee under the name of
Metal Industries (BMI); PT Bakrie Metal Industries (BMI);
iii. Payment Guarantee atas nama BMI. iii. Payment Guarantee under the name of BMI.
2. Berdasarkan Akta Notaris Ati Mulyati, S.H., M.Kn., 2. Based on Notarial Deed No. 06 of Notary Ati
No. 06 oleh Ati Mulyati, S.H., M.Kn., pada Mulyati, S.H., M.Kn., dated December 20, 2023,
tanggal 20 Desember 2023, BPI menandatangani BPI entered into a Loan Agreement with PT Bank
Perjanjian Pinjaman dengan PT Bank MNC MNC Internasional Tbk (MNC) to provide an
International Tbk (MNC) untuk fasilitas Investment Loan (PI) credit facility for investment in
Pinjaman Investasi (PI) investasi pembuatan the construction of SEAPI jetty with a maximum
dermaga atau jetty SEAPI dengan plafon ceiling of Rp60.0 billion with a period of seventy
maksimum Rp60,0 miliar dengan jangka waktu tuju two (72) months from credit disbursement including
puluh dua (72) bulan sejak pencairan kredit grace period of twelve (12) months which is
termasuk grace period dua belas (12) bulan yang Committed and On Liquidation Basis.
bersifat Committed dan On Liquidation Basis.
Fasilitas ini, bersama dengan fasilitas pinjaman This facility, along with BPI’s other credit facilities
lainnya BPI dari MNC (Catatan 19), dijamin from MNC (Note 19), are secured by:
dengan:
i. Agunan Tanah dan Bangunan (pabrik) dengan i. Land and Building Collateral (factory) with
SHGB No. 2 atas nama SEAPI dengan SHGB No.2 under the name of SEAPI with a
luas tanah 234.500 m² dan luas bangunan land area of 234,500 m² and a building area of
16.457 m² berada di Jl. Lintas Timur, Dusun 16,457 m² located on Jl. Lintas Timur, Dusun
Kramat, Desa Sumur, kecamatan Ketapang, Kramat, Desa Sumur, kecamatan Ketapang,
kabupaten Lampung Selatan, Lampung. kabupaten Lampung Selatan, Lampung.
ii. Fidusia mesin dan peralatan atas nama ii. Fiduciary machinery and equipment under the
PT Southeast Asia Pipe Industries berada di name of PT Southeast Asia Pipe Industries and
Jl. Lintas Timur, Dusun Kramat, Desa Sumur, is located on Jl. Lintas Timur, Dusun Kramat,
Kecamatan Ketapang, Kabupaten Lampung Desa Sumur, Kecamatan Ketapang, Kabupaten
Selatan, Lampung. Lampung Selatan, Lampung.
iii. Corporate Guarantee atas nama BMI dan iii. Corporate Guarantee on behalf of BMI and
MKN. MKN.
Pada tahun 2025 BPI dan MKN telah membayar In 2025, BPI dan MKN paid a total amount of
sejumlah Rp3,9 miliar atas pinjaman ini. Rp3.9 billion for this loans.
Saldo pinjaman ini pada tanggal 31 Desember The outstanding balance of these loan facilities
2025 and 2024 masing-masing sebesar as of December 31, 2025 and 2024 amounted to
Rp277,6 miliar dan Rp194,3 miliar. Rp277.6 billion and Rp194.3 billion, respectively.
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
f. PT Bank Nationalnobu Tbk f. PT Bank Nationalnobu Tbk
Berdasarkan Akta Notaris Agustine Irianti, S.H., Based on Notarial Deed No. 30 of Agustine Irianti,
M.Kn., No. 30 tanggal 25 Juni 2025, BPI S.H., M.Kn., dated June 25, 2025, BPI entered into a
menandatangani Perjanjian Kredit dengan PT Bank Loan Agreement with PT Bank Nationalnobu Tbk
Nationalnobu Tbk (Bank Nobu) untuk menyediakan (Bank Nobu) to obtain Term Loan (PTA) facility I with
fasilitas Pinjaman Tetap Angsuran (PTA) I dengan maximum plafond of Rp200.0 billion based on
maksimum plafond Rp200,0 miliar berdasarkan Offering Letter No. 0279/EXT/CL/KP-PLS/VI/2025
Offering Letter No. 0279/EXT/CL/KP-PLS/VI/2025 dated June 18, 2025 with the duration of the loan
tertanggal 18 Juni 2025 dengan maksimum plafond being thirty six (36) months from the date of this
Rp330,0 miliar dengan jangka waktu pinjaman agreement.
selama tiga puluh enam (36) bulan sejak tanggal
perpanjangan ini.
Fasilitas tersebut dijamin dengan: The facilities are secured by:
i. Tanah, bangunan, dermaga dan pabrik seluas i. Land, buildings, jetty and factory totaling
14.486 m² berlokasi di Sumuranja & Mangunreja, 14,486 m² located in Sumuranja & Mangunreja,
Serang, Banten, dengan 6 sertifikat HGB. Serang, Banten, under 6 HGB certificates.
ii. Mesin-mesin pabrik PT Bakrie Construction ii. Machineries of PT Bakrie Construction (BCons) in
(BCons) di Sumuranja. Sumuranja.
iii. Mesin Spiral dan Gantry Crane milik SEAPI di iii. Spiral Machine and Gantry Crane of SEAPI in
Lampung Selatan. Lampung Selatan.
iv. Unit kantor di Bakrie Tower lantai 36 seluas iv. Office unit at Bakrie Tower 36th floor with area of
1.427,3 m². 1,427.3 m².
v. Corporate Guarantee dari Perusahaan dan v. Corporate Guarantee from the Company and
BCons. BCons.
Berdasarkan perjanjian, BPI tidak diperkenankan Based on the agreement, BPI shall not perform
melakukan kegiatan-kegiatan berikut tanpa transactions to carryout the following activities
persetujuan tertulis terlebih dahulu dari Bank Nobu, without the prior written approval from Bank Nobu,
antara lain: among others:
i. Memperoleh pinjaman baru dari pihak lain. i. Obtain a new loan from another party.
ii. Menjaminkan atau mengalihkan aset jaminan. ii. Pledge or transfer collateral assets.
iii. Mengubah komposisi pemegang saham, direksi, iii. Change the composition of shareholders,
atau komisaris. directors, or commissioners.
iv. Melakukan merger, akuisisi, pembubaran, atau iv. Undertake mergers, acquisitions, dissolution, or
tindakan korporasi material lainnya. other material corporate actions.
v. Tidak memenuhi rasio-rasio keuangan yang v. Failure to comply with required financial
ditetapkan. covenants.
vi. Menggunakan fasilitas tidak sesuai tujuan kredit. vi. Use the facility for purposes not aligned with the
credit agreement.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
fasilitas pinjaman kepada Bank Nobu masing-masing balance of loan facilities due to Bank Nobu amounted
sebesar Rp190,0 miliar dan nihil. to Rp190.0 billion and nil, respectively.
g. PT Bank Negara Indonesia (Persero) Tbk g. PT Bank Negara Indonesia (Persero) Tbk
Pada tanggal 8 November 2024, PT Braja Mukti On November 8, 2024, PT Braja Mukti Cakra (BMC),
Cakra (BMC), Entitas Anak, menandatangani a Subsidiary, entered into a loan facility agreement
Perjanjian Kredit dengan PT Bank Negara Indonesia with PT Bank Negara Indonesia (Persero) Tbk (BNI)
(Persero) Tbk (BNI) sebagai berikut: as follows:
a. Fasilitas Kredit Modal Kerja (KMK) dengan a. Working Capital Credit Facility (KMK) with
plafon sebesar Rp10,0 miliar untuk pembiayaan plafond amounting Rp10.0 billion for financing
produksi dengan jangka waktu maksimal dua production with maximum term of twelve (12)
belas (12) bulan. months.
b. Fasilitas Kredit Investasi (KI) dengan plafon b. Investment Credit Facility (KI) with plafond
sebesar Rp18,0 miliar untuk pembiayaan amounting Rp18.0 billion for financing for
pembelian mesin produksi dengan jangka waktu purchase production machine with maximum
enam puluh (60) bulan. term of sixty (60) months.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 565
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
Fasilitas ini dijaminkan dengan: This facilities are secured by:
a. Sebidang tanah dan bangunan dengan bukti a. Land and building owned through SHGB
kepemilikan SHGB No. 6031 atas nama BMC No. 6031 under BMC which is located at Desa
yang berlokasi di Desa Harapan Kita No. 4, Harapan Kita No. 4, Harapan Jaya, Bekasi, Jawa
Harapan Jaya, Bekasi, Jawa Barat. Barat.
b. Mesin dan tagihan piutang usaha yang dimiliki b. Machineries and accounts receivable owned
BMC. BMC.
Pada tahun 2025 BMC telah membayar sejumlah In 2025, BMC paid a total amount of
Rp5,9 miliar atas pinjaman ini. Rp5.9 billion for this loans.
Saldo pinjaman pada tanggal 31 Desember 2025 dan The outstanding balance of these loan facilities
2024 adalah masing-masing sebesar Rp30,6 miliar as of December 31, 2025 and 2024 amounted to
dan Rp6,1 miliar. Rp30.6 billion and Rp6.1 billion, respectively.
h. PT Bank Ina Perdana Tbk h. PT Bank Ina Perdana Tbk
Berdasarkan Perjanjian Kredit Akta No. 4 tanggal Based on Credit Agreement Deed No. 4 dated
27 Februari 2024 yang dibuat dihadapan Koesno February 27, 2024 made in the presence of Koesno
Ritwan Saputro, S.H., M.Kn., BA memperoleh fasilitas Ritwan Saputro, S.H., M.Kn., BA obtained credit
pinjaman dari PT Bank Ina Perdana Tbk (Bank Ina) facilities from PT Bank Ina Perdana Tbk (Bank Ina) as
sebagai berikut: follows:
a. Fasilitas Pinjaman Rekening Koran (PRK) dengan a. Current Account Loan (PRK) facility with plafond
plafon sebesar Rp10,0 miliar untuk pembiayaan amounting to Rp10.0 billion for working capital
modal kerja dengan jangka waktu maksimal dua financing with a maximum term of twelve (12)
belas (12) bulan. months.
b. Fasilitas Kredit Modal Kerja (KMK) dengan plafon b. Working Capital Credit (KMK) facility with plafond
sebesar Rp14,0 miliar untuk pembiayaan Produksi amounting to Rp14.0 billion for financing
dengan jangka waktu maksimal tiga puluh enam Production with maximum term of thirty-six (36)
(36) bulan. months.
c. Fasilitas Kredit Investasi (KI) dengan plafon c. Investment Credit (KI) facility with plafond
sebesar Rp21,0 miliar untuk pembiayaan amounting to Rp21.0 billion for financing the
pembelian aset tetap. purchase of fixed assets.
Fasilitas tersebut dijamin dengan: The facilities are secured by:
a. Sebidang tanah dan bangunan dengan bukti a. Land and building owned through SHGB
kepemilikan SHGB No. 5340 dan SHGB No. 291 No. 5340 and SHGB No. 291 under PT Bina
atas nama PT Bina Usaha Mandiri Misuzawa Usaha Mandiri Misuzawa (BUMM) which is
(BUMM) yang berlokasi di Jl K.H EZ Muttaqien, located at Jl K.H EZ Muttaqien, Tangerang,
Tangerang, Banten. Banten.
b. Mesin dan peralatan yang dimiliki BUMM. b. Machineries and equipment owned by BUMM.
Jangka waktu pinjaman ini selama 60 bulan sejak The duration of this loan is for 60 months from the
tanggal perjanjian ini. date of this agreement.
Pada tahun 2025 BA telah membayar sejumlah In 2025, BA paid a total amount of
Rp8,1 miliar atas pinjaman ini. Rp8.1 billion for this loans.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the outstanding
saldo fasilitas pinjaman kepada Bank Ina masing- balance of these loan facilities due to Bank Ina
masing sebesar Rp24,2 miliar dan Rp17,3 miliar. amounted to Rp24.2 billion and Rp17.3 billion,
respectively.
i. PT Rekapital Aset Indonesia i. PT Rekapital Aset Indonesia
Fasilitas pinjaman Perusahaan dengan PT Rekapital PT Rekapital Aset Indonesia has been amended
Aset Indonesia telah beberapa kali diubah, terakhir several times, the latest being on April 4, 2024,
pada tanggal 4 April 2024, dimana perjanjian wherein the agreement was extended and amended
diperpanjang dan diperbarui menjadi fasilitas to become loan facility which will be due on
pinjaman serta akan jatuh tempo pada tanggal December 25, 2030.
25 Desember 2030.
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Page 566
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN JANGKA PANJANG (Lanjutan) 26. LONG-TERM LOANS (Continued)
Pada tahun 2025, Perusahaan telah membayar In 2025, the Company paid a total amount of
sejumlah Rp1,7 miliar atas pinjaman ini. Rp1.7 billion for this loans.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
fasilitas ini masing-masing sebesar Rp13,6 miliar dan balance of this facility amounted to Rp13.6 billion and
Rp15,3 miliar. Rp15.3 billion, respectively.
j. Indies Special Opportunities III Ltd j. Indies Special Opportunities III Ltd
Pada tanggal 19 Juni 2024, Golden Sands Oasis Ltd, On June 19, 2024, Golden Sands Oasis Ltd,
Entitas Anak, menandatangani Perjanjian Fasilitas a Subsidiary, signed a Facility Agreement with Indies
dengan Indies Special Opportunities III Ltd & Indies Special Opportunities III Ltd & Indies Special
Special Opportunities IV Ltd & Watiga Trust Ltd Opportunities IV Ltd & Watiga Trust Ltd having total
sejumlah USD15,0 juta yang akan digunakan untuk amount of USD15.0 million which will be used for the
pengembangan usaha Perusahaan dengan jangka Company’s enhancement with a term of twenty four
waktu dua puluh empat (24) bulan. Adapun tanggal (24) months. The effective date of this Facility
efektif dari Perjanjian Fasilitas ini adalah pada Agreement is on the disbursement date on
tanggal pencairan di 4 Juli 2024. July 4, 2024.
Pada tahun 2025, GSO telah melakukan pembayaran In 2025, GSO made a payment of USD5.7 million for
sejumlah USD5,7 juta atas fasilitas pinjaman ini. this loan facility.
Pada tanggal 31 Desember 2025 dan 2024, saldo As of December 31, 2025 and 2024, the outstanding
pinjaman ini masing-masing sebesar USD6,8 juta balance of this loan amounted to USD6.8 million
(setara dengan Rp114,8 miliar) dan USD12,5 juta (equivalent to Rp114.8 billion) and USD12.5 million
(setara dengan Rp202,0 miliar). (equivalent to Rp202.0 billion), respectively.
Seluruh pinjaman jangka panjang diperoleh dari pihak All long-term loans are obtained from third parties.
ketiga.
Pada tanggal 31 Desember 2025 dan 2024, manajemen As of December 31, 2025 and 2024, the management
berkeyakinan bahwa seluruh pinjaman jangka panjang believes that all long-term loans of the Group have met
Grup telah memenuhi persyaratan dan kondisi the terms and conditions as stipulated in the loan
sebagaimana diatur dalam perjanjian pinjaman. agreements.
27. LIABILITAS SEWA 27. LEASE LIABILITIES
Grup memiliki liabilitas sewa kepada: The Group has lease liabilities as follows:
2025 2024
PT Orix Indonesia Finance 4.197 9.320 PT Orix Indonesia Finance
PT BOT Finance Indonesia 1.461 2.251 PT BOT Finance Indonesia
PT Toyota Astra Finance 1.021 1.571 PT Toyota Astra Finance
PT Maybank Indonesia Finance 753 1.153 PT Maybank Indonesia Finance
PT Dipo Star Finance 609 1.051 PT Dipo Star Finance
PT BCA Finance - 664 PT BCA Finance
Lain-lain (dibawah Rp1 miliar) 504 445 Others (below Rp1 billion)
Total 8.545 16.455 Total
Dikurangi bagian jatuh tempo
dalam satu tahun (7.217) (8.247) Less current portion
Bagian Jangka Panjang 1.328 8.208 Long-term Portion
Liabilitas sewa dijamin dengan aset tetap yang dibiayai Lease liabilities are collateralized by fixed assets
oleh liabilitas ini (Catatan 14). Pembayaran minimum financed by these liabilities (Note 14). Future minimum
sewa pembiayaan di masa depan adalah sebagai lease payments are as follows:
berikut:
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 567
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. MODAL SAHAM 28. SHARE CAPITAL
Nilai kini
pembayaran
Pembayaran minimum sewa
minimum sewa pembiayaan
pembiayaan di masa depan/
di masa depan/ Present value of
Future minimum future minimum
lease payments lease payments
31 Desember 2025 December 31, 2025
Tidak lebih dari 1 tahun 7.217 7.217 Not later than 1 year
Lebih dari 1 - 5 tahun 1.328 1.328 Over 1- 5 years
Jumlah 8.545 8.545 Total
31 Desember 2024 December 31, 2024
Tidak lebih dari 1 tahun 9.269 8.247 Not later than 1 year
Lebih dari 1 - 5 tahun 8.561 8.208 Over 1- 5 years
Jumlah 17.830 16.455 Total
31 Desember / December 31, 2025
Jumlah Saham
Ditempatkan dan
Disetor Penuh
(Angka Penuh)/ Persentase
Number of Kepemilikan/
Shares Issued Percentage of Jumlah/
and Fully Paid Ownership Amount
Pemegang Saham (Full Amount) (%) (Rp) Shareholders
Port Fraser International Ltd 45.102.744.597 26,01% 541.233 Port Fraser International Ltd
PT Biofuel Indo Sumatra 2.230.423.800 1,29% 506.306 PT Biofuel Indo Sumatra
Fountain City Investment Ltd 38.445.133.000 22,17% 461.342 Fountain City Investment Ltd
UOB Kay Hian Pte Ltd 14.685.041.055 8,47% 176.220 UOB Kay Hian Pte Ltd
Eurofa Capital Investment Inc 11.718.750.000 6,76% 140.625 Eurofa Capital Investment Inc
Levoca Enterprise Ltd 9.219.385.798 5,32% 110.633 Levoca Enterprise Ltd
Legacy Times Legacy Times
International Limited 8.000.000.000 4,61% 96.000 International Limited
Grand Marvel Investment Grand Marvel Investment
Corporation 8.000.000.000 4,61% 96.000 Corporation
PT Prodigy Energy Resources 5.250.000.000 3,03% 63.000 PT Prodigy Energy Resources
Investissement U.T.C.S.A 5.070.180.100 2,92% 60.842 Investissement U.T.C.S.A
PT Prima Elok Makmur 3.274.086.632 1,89% 39.289 PT Prima Elok Makmur
PT Trimegah Sekuritas PT Trimegah Sekuritas
Indonesia Tbk 2.965.000.307 1,71% 35.580 Indonesia Tbk
R.A Sri Dharmayanti 13.223.000 0,01% 383 R.A Sri Dharmayanti
Armansyah Yamin 4.016.799 0,00% 212 Armansyah Yamin
Masyarakat 19.438.847.421 11,20% 2.436.513 Public
Total 173.416.832.509 100,00% 4.764.178 Total
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Implementation Report Responsibility
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FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. MODAL SAHAM 28. SHARE CAPITAL
31 Desember / December 31, 2024
Jumlah Saham
Ditempatkan dan
Disetor Penuh
(Angka Penuh)/ Persentase
Number of Kepemilikan/
Shares Issued Percentage of Jumlah/
and Fully Paid Ownership Amount
Pemegang Saham (Full Amount) (%) (Rp) Shareholders
Levoca Enterprise Ltd 50.642.237.270 29,20% 607.707 Levoca Enterprise Ltd
Port Fraser International Ltd 46.352.744.597 26,73% 556.233 Port Fraser International Ltd
PT Biofuel Indo Sumatra 2.116.086.600 1,22% 480.352 PT Biofuel Indo Sumatra
Fountain City Investment Ltd 39.532.410.300 22,80% 474.389 Fountain City Investment Ltd
Eurofa Capital Investment Inc 11.718.750.000 6,76% 140.625 Eurofa Capital Investment Inc
PT Trimegah Sekuritas PT Trimegah Sekuritas
Indonesia Tbk 2.965.000.325 1,71% 35.580 Indonesia Tbk
PT Prima Elok Makmur 2.075.572.160 1,20% 24.907 PT Prima Elok Makmur
R.A Sri Dharmayanti 13.223.000 0,01% 383 R.A Sri Dharmayanti
Armansyah Yamin 4.016.799 0,00% 116 Armansyah Yamin
Masyarakat 17.996.791.458 10,37% 2.443.886 Public
Total 173.416.832.509 100,00% 4.764.178 Total
Susunan pemegang saham Perusahaan di atas pada The above mentioned composition of the Company’s
tanggal 31 Desember 2025 dan 2024 berdasarkan shareholders as of December 31, 2025 and 2024 based
catatan dari PT EDI Indonesia, Biro Administrasi Efek. on registration by PT EDI Indonesia, Securities
Administration Agency.
Berdasarkan Akta Notaris No. 23 tanggal 5 Juli 2024 Based on Notarial Deed No. 23 dated July 5, 2024 by
oleh Humberg Lie, S.H., S.E., M.Kn., struktur modal Humberg Lie, S.H., S.E., M.Kn., the Company’s capital
Perusahaan telah mengalami perubahan dan perubahan structure has been amended and this amendment was
ini telah diterima pemberitahuannya oleh Menteri Hukum received by the Ministry of Law and Human Rights of the
dan Hak Asasi Manusia Republik Indonesia dengan Republic of Indonesia in its Decision Letter No. AHU-
Surat No. AHU-0052501.AH.01.02 Tahun 2024 0052501.AH.01.02.Year 2024 dated August 22, 2024.
tertanggal 22 Agustus 2024. Perusahaan telah The Company has conducted decrease in par value of
melakukan penurunan nilai nominal saham menjadi shares to be as follow:
sebagai berikut:
Nilai Nominal (Angka Penuh)/
Par Value (Full Amount)
Sebelum/ Saat Ini/
Saham Previous Current Shares
Seri A 28.500 5.687 Series A
Seri B 3.990 796 Series B
Seri C 1.140 227 Series C
Seri D 500 99 Series D
Seri E 64 12 Series E
Pada tanggal 11 Desember 2024, Perusahaan On December 11, 2024, the Company received a
memperoleh Pemberitahuan mengenai Pengumuman Notification regarding the Announcement ogf Stock
Pencatatan Saham yang dikeluarkan BEI mengenai Listing issued by the Indonesia Stock Exchange (IDX)
pelaksanaan proses penambahan modal tanpa hak concerning the implementation of the capital increase
memesan efek terlebih dahulu. Perusahaan telah without preemptive rights. The Company has completed
melakukan penambahan modal tanpa hak memesan a capital increase without preemptive rights of
efek terlebih dahulu sejumlah 13.359.375.000 lembar 13,359,375,000 series E shares, which became effective
saham seri E yang telah efektif dan dicatatkan di BEI and were listed on the IDX on December 11, 2024.
pada tanggal 11 Desember 2024.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. MODAL SAHAM 28. SHARE CAPITAL
Rincian modal dasar Perusahaan pada tanggal Details of the Company’s authorized capital as of
31 Desember 2025 dan 2024 adalah sebagai berikut: December 31, 2025 and 2024 are as follows:
Nilai Nominal
Jumlah Saham/ (Angka Penuh)/
Number of Par Value Jumlah/
Saham Shares (Full Amount) Amount Shares
Modal dasar Authorized capital
Seri A 77.500.800 5.687 440.747 Series A
Seri B 368.128.800 796 293.031 Series B
Seri C 8.984.667.760 227 2.039.520 Series C
Seri D 51.285.282.796 99 5.077.243 Series D
Seri E 233.000.000.000 12 2.796.000 Series E
Total 293.715.580.156 10.646.541 Total
Rincian modal ditempatkan dan disetor penuh Details of the Company’s issued and fully paid capital as
Perusahaan pada tanggal 31 Desember 2025 dan 2024 of December 31, 2025 and 2024 are as follows:
adalah sebagai berikut:
Nilai Nominal
Jumlah Saham/ (Angka Penuh)/
Number of Par Value Jumlah/
Saham Shares (Full Amount) Amount Shares
Modal ditempatkan dan Issued and fully
disetor penuh paid capital
Seri A 19.375.200 5.687 110.187 Series A
Seri B 368.128.800 796 293.031 Series B
Seri C 8.984.667.760 227 2.039.520 Series C
Seri D 4.056.378.449 99 401.581 Series D
Seri E 159.988.282.300 12 1.919.859 Series E
Total 173.416.832.509 4.764.178 Total
29. TAMBAHAN MODAL DISETOR 29. ADDITIONAL PAID-IN CAPITAL
2025 2024
Selisih penerimaan dari penerbitan Paid-in capital in excess
saham atas nilai nominal 815.292 815.292 of par value
Tambahan modal disetor dari
pengampunan pajak 1.164.535 1.164.535 Paid-in capital from tax amnesty
Selisih nilai transaksi Difference in restructuring of
restrukturisasi entitas sepengendali (3.730.585) (3.730.585) entities under common control
Total (1.750.758) (1.750.758) Total
Selisih penerimaan dari penerbitan saham atas nilai Paid-in capital in excess of par value
nominal
Selisih penerimaan dari penerbitan saham atas nilai Paid-in capital in excess of par value represents the
nominal merupakan selisih antara penerimaan dana hasil excess of proceeds from the issuance of shares after
penawaran umum saham setelah dikurangi biaya emisi deduction of the share issuance cost and par value.
saham dan nilai nominal saham.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. TAMBAHAN MODAL DISETOR (Lanjutan) 29. ADDITIONAL PAID-IN CAPITAL (Continued)
Pada tahun 2024, Grup melakukan kuasi reorganisasi In 2024, the Group conducted a quasi reorganization
yang menghasilkan penghapusan defisit dengan which resulted to elimination of deficit using positive
menggunakan saldo positif dari akun ekuitas balances of equity accounts allowed by Regulation
berdasarkan ketentuan Peraturan No. IX.L.1 No. IX.L.1 and reduction in par value fo shares. The
dan penurunan nilai nominal saham. Kelebihan saldo excess balance of share premium after elimination is
agio saham setelah eliminasi disajikan sebagai presented as part of paid-in capital in excess of par value
tambahan modal disetor sebesar Rp120,6 miliar amounting to Rp120.6 billion (Notes 28 and 45).
(Catatan 28 dan 45).
Pada tanggal 10 Juni 2024, Perusahaan dan ECII On June 10, 2024, the Company and ECII agreed to
sepakat untuk menyelesaikan utang sebesar USD 50,0 settle USD50.0 million of debt by issuing 11.7 billion
juta dengan menerbitkan 11,7 miliar saham seri E series E shares (Rp750.0 billion). On September 30,
(Rp750,0 miliar). Pada tanggal 30 September 2024, 2024, the Company and SMIL agreed to settle
Perusahaan dan SMIL sepakat untuk menyelesaikan Rp105.0 billion of debt by issuing 1.6 billion series E
utang sebesar Rp105,0 miliar dengan menerbitkan shares (Rp105.0 billion).
1,6 miliar saham seri E (Rp105,0 miliar).
Pada tanggal 11 Desember 2024, pemegang saham On December 11, 2024, the Company’s shareholder
Perusahaan menyetujui penerbitan 13,4 miliar saham approved the issuance of 13.4 billion Series E shares
Seri E dengan nilai nominal Rp12 per saham, dengan with a par value of Rp12 per share, amounting to a total
total nilai nominal sebesar Rp160,3 miliar. Saham nominal value of Rp160.3 billion. These shares are
tersebut diterbitkan dengan total imbalan sebesar issued for a total consideration of Rp855.0 billion, which
Rp855,0 miliar, yang menghasilkan pengakuan resulted to recognition of additional paid-in capital in
tambahan modal disetor di atas nilai nominal sebesar excess of par value amounting to Rp694.7 billion.
Rp694,7 miliar.
Tambahan modal disetor dari pengampunan pajak Paid-in capital from tax amnesty
Grup turut serta dalam program Pengampunan Pajak The Group participated in the Tax Amnesty program and
dan mencatat dalam tambahan modal disetor atas recognized additional paid in capital from tax amnesty
pengampunan pajak (Catatan 37f). (Note 37f).
Selisih nilai transaksi restrukturisasi entitas sepengendali Difference in restructuring of entities under common
control
a. Tahun 2012 a. Year 2012
Sehubungan dengan penjualan saham yang dimiliki In relation to the sale of Company’s share in
Perusahaan di BTEL, ENRG, UNSP dan ELTY ke BTEL, ENRG, UNSP and ELTY to PT Long Haul
PT Long Haul Holdings Limited (LHH), entitas yang Holdings Limited (LHH), an entity also controlled by
juga dikendalikan oleh Grup Bakrie, Perusahaan Bakrie Group, the Company recognized the
mengakui perbedaan, antara harga jual sebesar difference, between the selling price of Rp512.3
Rp512,3 miliar dan nilai tercatat sebesar Rp2,9 triliun, billion and carrying value of Rp2.9 trillion, amounting
sebesar Rp2,4 triliun sebagai “Selisih Nilai Transaksi to Rp2.4 trillion as “Difference in Restructuring of
Restrukturisasi Entitas Sepengendali”. Entities Under Common Control”.
b. Tahun 2015 b. Year 2015
Pada tanggal 20 Maret 2015, Perusahaan On March 20, 2015, the Company transferred all of its
mengalihkan seluruh kepemilikan saham di Bumi share ownership in Bumi Borneo Resources (BBR)
Borneo Resources (BBR) sebesar 44,6% kepada 44.6% to LHH. For this transaction, the Company
LHH. Atas transaksi ini, Perusahaan mencatat recorded receivables from LHH.
piutang dari LHH.
Pada tanggal 24 Maret 2015, Perusahaan On March 24, 2015, the Company transferred all
mengalihkan semua utang Palisades Sub III Ltd, yang payable to Palisades Sub III Ltd, which was
selanjutnya saling hapus dengan piutang dari LHH. subsequently net off with the receivables from LHH.
Atas kedua transaksi tersebut, Perusahaan mencatat On both of these transactions, the Company recorded
“Selisih Nilai Transaksi Restrukturisasi Entitas “Difference in Restructuring Transactions of
Sepengendali” sebesar Rp179,2 miliar. Entities Under Common Control” amounting to
Rp179.2 billion.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. TAMBAHAN MODAL DISETOR (Lanjutan) 29. ADDITIONAL PAID-IN CAPITAL (Continued)
c. Tahun 2019 c. Year 2019
Pada tanggal 16 Desember 2019, Bakrie Petroleum On December 16, 2019, Bakrie Petroleum
International Pte Ltd (BPIPL) mengalihkan seluruh International Pte Ltd (BPIPL) transferred all of its
kepemilikan saham di PT Petromine Energy Trading share ownership in PT Petromine Energy Trading
sebesar 95% kepada PT Bakrie Capital Indonesia 95% to PT Bakrie Capital Indonesia (BCI). For this
(BCI). Atas transaksi ini, BPIPL mencatat piutang dari transaction, BPIPL recorded receivables from BCI.
BCI.
Atas transaksi tersebut, Perusahaan mencatat On the transactions, the Company recorded
“Selisih Nilai Transaksi Restrukturisasi Entitas “Difference in Restructuring Transactions of Entities
Sepengendali” sebesar Rp1,1 triliun. Under Common Control” amounting to Rp1.1 trillion.
d. Entitas Anak d. Subsidiaries
Pada tanggal 31 Desember 2025 dan 2024, Entitas As of December 31, 2025 and 2024, the Subsidiaries
Anak mencatat saldo “Selisih Nilai Transaksi have outstanding balance recorded under “Difference
Restrukturisasi Entitas Sepengendali” sebesar in Value from Restructuring Transactions of Entities
Rp24,3 miliar. Under Common Control” amounting to Rp24.3 billion.
30. KOMPONEN EKUITAS LAINNYA 30. OTHER EQUITY COMPONENTS
Keuntungan Akumulasi
Selisih Kurs Selisih (Kerugian) Pengukuran
Penjabaran Transaksi Investasi Kembali atas
Laporan dengan Jangka Pendek Imbalan
Keuangan/ Entitas yang Belum Pascakerja/
Exchange Nonpengendali/ Terealisasi/ Cumulative
Differences Difference from Unrealized Remeasurements
due to Financial Transactions with Gain (Loss) on on Post-
Statements Non-Controlling Short-term employment Total/
Translation Interests Investments Benefits Total
Saldo 1 Januari 2024 11.956 519.040 2.598 4.942 538.536 Balance as of January 1, 2024
Penyesuaian atas transaksi Adjustment to eliminate
eliminasi defisit dalam deficit in quasi-reorganization
kuasi reorganisasi - (519.040) - - (519.040) transaction
Selisih transaksi Difference from changes in
perubahan ekuitas equity transactions
pada entitas anak - (114.858) - - (114.858) of subsidiary
Selisih kurs penjabaran Exchange differences due to
laporan keuangan 4.652 - - - 4.652 financial statements translation
Pengukuran kembali atas Remeasurements on
program pensiun defined benefits
imbalan pasti - - - 6.996 6.996 pension plan
Perubahan neto nilai wajar Net changes in fair value of
aset keuangan available-for-sale
tersedia untuk dijual - - (2.424) - (2.424) financial assets
Saldo 31 Desember 2024 16.608 (114.858) 174 11.938 (86.138) Balance as of December 31, 2024
Saldo 1 Januari 2025 16.608 (114.858) 174 11.938 (86.138) Balance as of January 1, 2025
Selisih transaksi Difference from changes in
perubahan ekuitas equity transactions
pada entitas anak - 97.959 - - 97.959 of subsidiary
Selisih kurs penjabaran Exchange differences due to
laporan keuangan 6.141 - - - 6.141 financial statements translation
Pengukuran kembali atas Remeasurements on
program pensiun defined benefits
imbalan pasti - - - 520 520 pension plan
Perubahan neto nilai wajar Net changes in fair value of
aset keuangan available-for-sale
tersedia untuk dijual - - (174) - (174) financial assets
Saldo 31 Desember 2025 22.749 (16.899) - 12.458 18.308 Balance as of December 31, 2025
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. KOMPONEN EKUITAS LAINNYA (Lanjutan) 30. OTHER EQUITY COMPONENTS (Continued)
Pada tahun 2024, Perusahaan menyelesaikan penuh In 2024, the Company fully settled the outstanding
saldo pinjaman dari beberapa pinjaman menggunakan balance of several loan from using VKTR shares which
saham VKTR yang menyebabkan kepemilikan reduced the Company’s share ownership in VKTR by
Perusahaan di VKTR penurunan 26,53%. Kelebihan 26.53%. The excess resulting from the dilution of
yang diperoleh dari penurunan kepemilikan telah dicatat ownership amounting has been recorded under
pada akun selisih transaksi ekuitas dengan pihak difference from equity transactions with non-controlling
nonpengendali. interests
Pada tanggal 17 Februari 2025, Perusahaan melakukan On February 17, 2025, the Company sold 500 million
pelepasan 500 juta saham VKTR yang menyebabkan shares in VKTR shares which reduced the Company’s
penurunan pada kepemilikan Perusahaan di VKTR dan share ownership in VKTR and the excess from the
kelebihan dari penurunan kepemilikan telah dicatat pada dilution of ownership recorded under “Difference from
akun “Selisih Transaksi dengan Entitas Nonpengendali”. Transactions with Non-Controlling Interests” account.
Pada tanggal 22 Mei 2025, Perusahaan melakukan On May 22, 2025, the Company sold 1.8 billion shares in
pelepasan 1,8 miliar saham VKTR yang menyebabkan VKTR shares which reduced the Company’s share
penurunan pada kepemilikan Perusahaan di VKTR dan ownership in VKTR and the excess from the dilution of
kelebihan dari penurunan kepemilikan telah dicatat pada ownership recorded under “Difference from Transactions
akun “Selisih Transaksi dengan Entitas Nonpengendali”. with Non-Controlling Interests” account.
31. KEPENTINGAN NONPENGENDALI 31. NON-CONTROLLING INTEREST
Rincian hak kepentingan nonpengendali aset neto Details of non-controlling interest in net assets of
Entitas Anak adalah sebagai berikut: Subsidiaries are as follows:
2025 2024
PT VKTR Teknologi Mobilitas Tbk 812.291 654.174 PT VKTR Teknologi Mobilitas Tbk
PT Bakrie Metal Industries (1.269) (497) PT Bakrie Metal Industries
Lain-lain 7.472 3.117 Others
Total 818.494 656.794 Total
Pada tahun 2025, PT VKTR Sakti Industries, Entitas In 2025, PT VKTR Sakti Industries, a Subsidiary,
Anak, menerima tambahan modal melalui penyertaan received additional capital through the subscription of
saham oleh kepentingan nonpengendali sebesar shares by non-controlling interests amounting to
Rp100,0 miliar. Transaksi tersebut dicatat sebagai Rp100.0 billion. The transaction was accounted for as an
transaksi ekuitas dan dibukukan sebagai peningkatan equity transaction and recorded as an increase in non-
kepentingan non-pengendali dalam ekuitas. Transaksi ini controlling interests within equity. The transaction did not
tidak mengakibatkan perubahan pengendalian atas result in any change in control over the Subsidiary.
Entitas Anak tersebut.
Kepentingan nonpengendali atas laba neto Entitas Anak Non-controlling interest in net profit of Subsidiaries
masing-masing sebesar Rp8,9 miliar dan Rp8,5 miliar amounted to Rp8.9 billion and Rp8.5 billion for the years
untuk tahun yang berakhir pada 31 Desember 2025 dan ended December 31, 2025 and 2024.
2024.
Kepentingan nonpengendali atas penghasilan Non-controlling interest in net comprehensive income of
komprehensif neto Entitas Anak masing-masing sebesar Subsidiaries amounted to Rp9.7 billion and Rp5.7 billion
Rp9,7 miliar dan Rp5,7 miliar untuk tahun yang berakhir for the years ended December 31, 2025 and 2024,
pada tanggal-tanggal 31 Desember 2025 dan 2024. respectively.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. PENDAPATAN NETO 32. NET REVENUES
2025 2024
Infrastruktur dan manufaktur 3.110.416 3.479.967 Infrastructure and manufacturing
Jasa pabrikasi dan konstruksi 387.369 253.477 Fabrication and construction services
Perdagangan, jasa dan investasi 245.188 136.461 Trading, services and investment
Total 3.742.973 3.869.905 Total
Untuk tahun yang berakhir pada tanggal-tanggal For the years ended December 31, 2025 and 2024, the
31 Desember 2025 dan 2024, Grup tidak memiliki Group has no customer/buyer with total sales of more
pelanggan/pembeli dengan total penjualan lebih dari than 10% of total consolidated revenues of the Group.
10% dari total pendapatan konsolidasian Grup.
33. BEBAN POKOK PENDAPATAN 33. COST OF REVENUES
2025 2024
Infrastruktur dan manufaktur Infrastructure and manufacturing
Bahan baku yang digunakan 1.221.895 1.447.989 Raw materials used
Tenaga kerja langsung 256.321 86.986 Direct labor
Overhead 766.533 971.136 Overhead
Total beban produksi 2.244.749 2.506.111 Total production costs
Barang dalam proses Work-in-process
Awal 106.195 87.233 Beginning
Akhir (Catatan 9) (64.695) (106.195) Ending (Note 9)
Barang jadi Finished goods
Awal 435.187 593.968 Beginning
Akhir (Catatan 9) (294.607) (435.187) Ending (Note 9)
Total infrastruktur Total infrastructure
dan manufaktur 2.426.829 2.645.930 and manufacturing
Jasa pabrikasi dan konstruksi Fabrication and construction services
Bahan baku 154.788 114.486 Raw materials
Subkontraktor 61.623 24.256 Subcontractors
Tenaga kerja 61.565 35.708 Direct labor
Lain-lain 77.168 44.567 Others
Total jasa pabrikasi Total fabrication and
dan kontruksi 355.144 219.017 construction services
Perdagangan, jasa dan investasi Trading, services and investment
Biaya investasi dan jasa 216.616 135.481 Cost of investment and services
Total Beban Pokok Pendapatan 2.998.589 3.000.428 Total Cost of Revenues
Beban jasa pabrikasi dan konstruksi – lain-lain berasal Cost of fabrication and construction services – others
dari include expense
Untuk tahun yang berakhir pada tanggal-tanggal For the years ended December 31, 2025 and 2024, the
31 Desember 2025 dan 2024, Grup tidak memiliki Group has no supplier with total cost of revenues more
supplier dengan total beban pokok pendapatan lebih dari than 10% of total consolidated cost of revenues of the
10% dari total beban pokok pendapatan konsolidasian Group.
Grup.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. BEBAN USAHA 34. OPERATING EXPENSES
2025 2024
Beban karyawan Personnel expenses
Gaji, upah dan imbalan kerja Salaries, wages and
karyawan 245.229 250.990 employee benefits
Beban umum dan General and administrative
administrasi expenses
Pensiun 31.212 1.522 Pension
Honorarium tenaga ahli 23.278 18.125 Professional fees
Penyusutan (Catatan 14) 22.921 15.931 Depreciation (Note 14)
Representasi dan jamuan 20.416 16.563 Representation and entertainment
Pajak dan asuransi 15.971 19.127 Taxes and insurance
Pemeliharaan dan perbaikan 15.398 12.359 Repairs and maintenance
Perjalanan dinas 12.924 20.122 Transportation and travel
Utilitas 9.994 8.500 Utilities
Lain-lain 100.043 90.463 Others
Total 252.157 202.712 Total
Beban penjualan Selling expenses
Transportasi 81.917 93.665 Transportation
Gaji, upah dan kesejahteraan Salaries, wages and
karyawan 17.979 16.245 employee benefits
Lain-lain 30.239 22.993 Others
Total 130.135 132.903 Total
Beban umum dan administrasi - lain-lain berasal dari General and administrative expenses – others include
beban umum dan administrasi yang nilainya dibawah general and administrative expenses with individual
Rp10,0 miliar di Perusahaan dan Entitas Anak amounts below Rp10.0 billion incurred by the Company
and its Subsidiaries.
Beban penjualan - lain-lain berasal dari beban penjualan Selling expenses – others include selling expense with
yang nilainya dibawah Rp10,0 miliar di Entitas Anak individual amounts below Rp10.0 billion incurred by
Subsidiaries.
35. PENGHASILAN (BEBAN) BUNGA DAN KEUANGAN 35. INTEREST AND FINANCIAL INCOME (CHARGES)
2025 2024
Penghasilan bunga 93.544 13.815 Interest income
Beban bunga dan keuangan Interest and financial charges
Beban bunga pinjaman (294.935) (55.668) Interest from loan
Beban bank dan lain-lain (10.164) (37.879) Bank charges and others
Denda keterlambatan bayar - (15.760) Penalty from late payment
Subtotal (305.099) (109.307) Subtotal
Neto (211.555) (95.492) Net
101
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. PENGHASILAN (BEBAN) LAIN-LAIN - LAINNYA 36. OTHER INCOME (CHARGES) - OTHERS
2025 2024
Beban pajak (16.610) (19.504) Tax expenses
Pemulihan (penyisihan) Reversal of (provision for) allowance
persediaan usang (145) 7.575 inventory obsolescence
Perubahan nilai wajar atas investasi Fair value changes of short-term
jangka pendek - neto - 2.246 investments - net
Kerugian atas pelepasan investasi Loss on sale of investments
(Catatan 1c dan 13) - (3.341) (Notes 1c and 13)
Lain-lain (37.624) 55.075 Others
Neto (54.379) 42.051 Net
Pendapatan (beban) lain-lain – lainnya berasal dari Other income (charges) - other arise from receipts and
transaksi penerimaan dan pengeluaran yang tidak terkait disbursements that are not related to operations and are
operasional dan tidak signifikan dibawah Rp10,0 miliar di not significant, amounting to below Rp10.0 billion in the
Perusahaan dan Entitas Anak. Company and Subsidiaries.
37. PERPAJAKAN 37. TAXATION
a. Pajak dibayar dimuka a. Prepaid taxes
2025 2024
Perusahaan Company
Pajak Pertambahan Nilai 683 889 Value-Added Tax
Entitas Anak Subsidiaries
Pajak Pertambahan Nilai 116.709 136.910 Value-Added Tax
Pajak penghasilan: Income taxes:
Pasal 21 1.017 1.446 Article 21
Pasal 22 63 136 Article 22
Pasal 23 1.658 - Article 23
Pasal 25 26.862 - Article 25
Total 146.992 139.381 Total
b. Utang pajak b. Taxes payable
2025 2024
Perusahaan Company
Pajak penghasilan: Income taxes:
Pasal 4 (2) 3 -
Pasal 21 13.062 4.983 Article 21
Pasal 23 dan 26 440 307 Article 23 and 26
Entitas Anak Subsidiaries
Pajak penghasilan: Income taxes:
Pasal 4 (2) 1.144 873 Article 4 (2)
Pasal 15 12 947 Article 15
Pasal 21 14.075 12.169 Article 21
Pasal 23/26 6.209 3.771 Article 23/26
Pasal 25 989 574 Article 25
Pasal 29 9.364 27.514 Article 29
Pajak Pertambahan Nilai 5.097 2.725 Value-Added Tax
Total 50.395 53.863 Total
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. PERPAJAKAN (Lanjutan) 37. TAXATION (Continued)
c. Rekonsiliasi antara laba sebelum manfaat (beban) c. Reconciliation between profit before income tax
pajak penghasilan, seperti yang disajikan dalam benefit (expense), as shown in the consolidated
laporan laba rugi dan penghasilan komprehensif lain statements of profit or loss and other comprehensive
konsolidasian, dengan taksiran laba kena pajak income, and the estimated taxable income is as
adalah sebagai berikut: follows:
2025 2024
Laba sebelum manfaat (beban) Profit before income tax benefit
pajak penghasilan menurut (expense) per consolidated
laporan laba rugi dan penghasilan statements of profit or loss and
komprehensif lain konsolidasian 518.832 389.230 other comprehensive income
Dikurangi: Less:
Laba Entitas Anak sebelum Profit of the Subsidiaries
beban pajak penghasilan dan before income tax expense and
transaksi eliminasi (24.979) (9.958) elimination transactions
Laba komersial sebelum taksiran Commercial profit before
beban pajak penghasilan yang income tax expense
dapat diatribusikan ke Perusahaan 493.853 379.272 attributable to the Company
Beda temporer Temporary differences
Penyisihan kerugian penurunan Allowance for impairment loss
nilai piutang (27.577) (10.177) on receivables
Penyusutan aset tetap 81 64 Depreciation of fixed assets
Beban imbalan pasca kerja 907 919 Post-employment benefits
Beda tetap Permanent differences
Bunga dan denda atas Interest and penalties for late
keterlambatan pembayaran pajak 12.054 7.439 payment of tax
Bagian atas rugi neto Equity in net loss of
entitas asosiasi (449.355) (77.723) associates
Laba atas pengukuran kembali (211.161) Gain from remeasurement
Penghasilan bunga yang Interest income subjected to
pajaknya bersifat final (234) (69) final tax
Laba atas penyelesaian pinjaman - (353.464) Gain on settlement of loan
Taksiran laba kena pajak sebelum Estimated taxable income before
kompensasi rugi fiskal (181.432) (53.739) fiscal loss compensation
Rugi fiskal tahun sebelumnya Fiscal loss of previous years
Tahun fiskal 2020 (588.024) (588.024) Fiscal year of 2020
Tahun fiskal 2021 (162.107) (162.107) Fiscal year of 2021
Tahun fiskal 2024 (53.739) - Fiscal year of 2024
Penyesuaian (280.354) - Adjustment
Akumulasi rugi fiskal (1.265.656) (803.870) Accumulated fiscal loss
Beban pajak penghasilan - kini Income tax expense - current
Perusahaan - - Company
Entitas Anak (42.018) (76.434) Subsidiaries
Total Beban Pajak Penghasilan - Kini (42.018) (76.434) Total Income Tax Expense - Current
Dalam laporan keuangan konsolidasian ini, laba kena In these consolidated financial statements, the
pajak hasil rekonsiliasi menjadi dasar dalam taxable income resulting from the reconciliation
pengisian Surat Pemberitahuan Tahunan (SPT) serves as the basis for the preparation of the
Pajak Penghasilan (PPh) Badan. Jumlah taksiran rugi Corporate Income Tax Annual Return (SPT PPh
fiskal masih berdasarkan perhitungan sementara, Badan). The estimated fiscal loss is based on a
karena SPT PPh Badan tahun 2025 belum dilaporkan provisional calculation, as the 2025 SPT PPh Badan
sampai dengan tanggal penyelesaian laporan has not yet been filed as of the completion date of the
keuangan konsolidasian. consolidated financial statements.
103
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. PERPAJAKAN (Lanjutan) 37. TAXATION (Continued)
d. Pajak tangguhan d. Deferred tax
31 Desember / December 31, 2025
Dibebankan ke
penghasilan
Dikreditkan komprehensif
(dibebankan) lain/
Pada awal ke laba rugi/ Charged Akuisisi Pada akhir
tahun/ Credited to other entitas anak/ periode/
At beginning (charged) to comprehensive Acquisition of At end of
of year profit or loss income subsidiary period
Aset (liabilitas) Deferred tax
pajak tangguhan assets (liabilities)
Liabilitas imbalan Post-employment
pascakerja 29.274 1.519 1.721 70 32.584 benefits liabilities
Aset tetap 4.573 477 - - 5.050 Fixed assets
Penyisihan penurunan Allowance for impairment
nilai piutang 9.435 2.516 - 1.010 12.961 of receivables
Provisi pelapisan jalan tol - 1.644 - 5.156 6.800 Provision for toll overlay
Rugi fiskal 36.667 9.639 - - 46.306 Fiscal loss
Aset pajak tangguhan 79.949 15.795 1.721 6.236 103.701 Deferred tax assets
Aset (liabilitas) Deferred tax
pajak tangguhan assets (liabilities)
Liabilitas imbalan Post-employment
pascakerja 15.349 1.285 (1.416) - 15.218 benefits liabilities
Penyisihan penurunan Allowance for inventory
nilai persediaan 1.581 (132) - - 1.449 obsolescence
Penyisihan penurunan Allowance for impairment
nilai piutang 2.718 (1.348) - - 1.370 of receivables
Aset tetap (131.315) 10.329 - - (120.986) Fixed assets
Liabilitas pajak tangguhan (111.667) 10.134 (1.416) - (102.949) Deferred tax liabilities
31 Desember / December 31, 2024
Dibebankan ke
penghasilan
Dikreditkan komprehensif
(dibebankan) lain/
Pada awal ke laba rugi/ Charged Pada akhir Pada akhir
tahun/ Credited to other periode/ periode/
At beginning (charged) to comprehensive At end of At end of
of year profit or loss income period period
Aset (liabilitas) Deferred tax
pajak tangguhan assets (liabilities)
Liabilitas imbalan Post-employment
pascakerja 30.085 660 (1.471) - 29.274 benefits liabilities
Aset tetap (381) 4.954 - - 4.573 Fixed assets
Penyisihan penurunan Allowance for impairment
nilai piutang 18.500 (9.065) - - 9.435 of receivables
Rugi fiskal 24.730 11.937 - - 36.667 Fiscal loss
Aset pajak tangguhan 72.934 8.486 (1.471) - 79.949 Deferred tax assets
Aset (liabilitas) Deferred tax
pajak tangguhan assets (liabilities)
Liabilitas imbalan Post-employment
pascakerja 15.636 1.092 (1.379) - 15.349 benefits liabilities
Penyisihan penurunan Allowance for inventory
nilai persediaan 2.039 (458) - - 1.581 obsolescence
Penyisihan penurunan Allowance for impairment
nilai piutang 3.382 (664) - - 2.718 of receivables
Aset tetap (146.111) 14.796 - - (131.315) Fixed assets
Liabilitas pajak tangguhan (125.054) 14.766 (1.379) - (111.667) Deferred tax liabilities
104
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. PERPAJAKAN (Lanjutan) 37. TAXATION (Continued)
Perusahaan dan beberapa Entitas Anak telah The Company and certain Subsidiaries provided full
menyediakan penilaian penuh untuk penyisihan atas valuation of allowances for fiscal loss since
kerugian fiskal karena manajemen berkeyakinan management believes that it is no longer probable
bahwa tidak ada kemungkinan laba kena pajak yang that sufficient taxable profits will be available for the
cukup akan tersedia untuk utilisasi aset pajak deferred tax assets to be utilized.
tangguhan.
Aset dan liabilitas pajak tangguhan pada tanggal Deferred tax assets and liabilities as of
31 Desember 2025 telah dihitung dengan December 31, 2025 have been calculated taking into
memperhitungkan tarif pajak yang diharapkan account tax rates expected to be prevailing at the
berlaku pada saat realisasi. time they are realized.
e. Surat Ketetapan Pajak dan Surat Tagihan Pajak e. Tax Assessment Letters and Tax Collection
Letters
Pada tanggal 31 Desember 2025, Grup memiliki As of December 31, 2025, the Group has Tax
Surat Ketetapan Pajak (SKP) dan Surat Tagihan Assessment Letters (SKP) and Tax Collection Letters
Pajak (STP) yang belum dilunasi sebagai berikut: (STP) which are not yet settled as follows:
Pasal 21/ Pasal 23/ Pasal 25/29/ PPN/ Total/
Article 21 Article 23 Article 25/29 VAT Total
Tahun fiskal Fiscal years
2020 - - 1.622 168 1.790 2020
2021 - - - 1 1 2021
2022 34 - 235 - 269 2022
2023 - - 412 - 412 2023
2024 0 - 44 1 45 2024
2025 819 130 - 45 994 2025
Total 853 130 2.313 215 3.512 Total
Sampai dengan tanggal penyelesaian laporan As of completion date of the consolidated financial
keuangan konsolidasian ini, Grup telah melakukan statements, the Group settled liability from the above-
pembayaran sebagian kewajibannya atas SKP dan mentioned SKP and STP amounting to Rp10.2 billion
STP sebesar Rp10,2 miliar dan sisanya akan dibayar and the remaining balance will be paid in accordance
sesuai dengan ketentuan yang diajukan Entitas Anak with the proposed terms with Tax Office.
kepada Kantor Pajak.
f. Aset dan Liabilitas Pengampunan Pajak f. Assets and Liabilities under Tax Amnesty
Sehubungan dengan Undang-Undang Pengampunan In regard to Tax Amnesty Law No. 11 Year 2016 and
Pajak No. 11 Tahun 2016 dan untuk mendukung to support the program of the government of the
program pemerintah Republik Indonesia dalam Republic of Indonesia to increase tax revenues, the
meningkatkan penerimaan pajak, Grup Group filed an Asset Declaration Letter to the
menyampaikan Surat Pernyataan Harta kepada Directorate General of Taxes (DGT) and paid
Direktorat Jenderal Pajak (DJP) dan membayarkan redemption money totaling Rp12.0 billion and
uang tebusan masing-masing sebesar Rp12,0 miliar Rp21.8 billion for the years ended December 31,
dan Rp21,8 miliar untuk tahun yang berakhir pada 2017 and 2016, respectively, which was recorded as
tanggal-tanggal 31 Desember 2017 dan 2016, yang part of “Operating Expenses” account. The Group
dicatat sebagai bagian dari akun “Beban Usaha”. has already received the Tax Amnesty Certificate
Grup telah menerima Surat Keterangan from the DGT.
Pengampunan Pajak dari DJP.
Pada tanggal 31 Desember 2025 dan 2024, jumlah As of December 31, 2025 and 2024, the amounts
yang diakui sebagai aset Pengampunan Pajak recognized as Tax Amnesty assets amounted to
sebesar Rp1,2 triliun dan dicatat sebagai bagian dari Rp1.2 trillion which was also recorded as part of
akun “Tambahan Modal Disetor” (Catatan 29). “Additional Paid-in Capital” account (Note 29).
105
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN PASCAKERJA 38. POST-EMPLOYMENT BENEFITS LIABILITY
Grup menyelenggarakan program manfaat pensiun The Group has defined retirement benefit plans for all of
manfaat pasti untuk seluruh karyawan tetap yang their eligible permanent employees. On this funding
memenuhi syarat. Atas pendanaan program ini, manfaat program, retirement benefits are computed based on the
pensiun dihitung berdasarkan gaji pokok terakhir dan last basic salaries and remaining working lives of the
sisa masa kerja karyawan. Kontribusi dana pensiun employees. Contribution to the retirement fund is
adalah sebesar 5,5% dari gaji pokok karyawan yang computed at 5.5% of the basic salaries of the employees
dilindungi oleh program tersebut dan dibayar penuh oleh covered by the plan and fully borne by the Group.
Grup.
Liabilitas imbalan pascakerja dihitung oleh aktuaris Post-employment benefits liability is calculated by
independen sebagai berikut: independent actuary as follows:
Nama Aktuaris/ Tanggal Laporan/
Actuary Name Date of Reports
2025 KKA Indra Catarya Situmeang dan Rekan 15-30 Januari/January 15-30, 2026 2025
KKA Marcel Pryadarshi Soepeno 26 Januari/January 26, 2026
KKA Nurichwan 20-28 Januari/January 20-28, 2026
KKA Budi Ramdani 6 Februari/February 6, 2026
Nama Aktuaris/ Tanggal Laporan/
Actuary Name Date of Reports
2024 KKA Indra Catarya Situmeang dan Rekan 27 Februari/February 27, 2025 2024
KKA Marcel Pryadarshi Soepeno 28 Februari/February 28, 2025
KKA Nurichwan 28 Februari/February 28, 2025
Liabilitas imbalan pascakerja adalah sebagai berikut: Post-employment benefits liability is as follows:
2025 2024
Nilai kini kewajiban Present value of
imbalan pasti 246.304 232.310 defined benefit obligation
Nilai wajar atas aset program (1.879) (852) Fair value of plan assets
Liabilitas Imbalan Pascakerja 244.425 231.458 Post-employment Benefits Liability
Jumlah yang diakui dalam laporan laba rugi dan Amounts recognized in the consolidated statements of
penghasilan komprehensif lain konsolidasian profit or loss and other comprehensive income in respect
sehubungan dengan liabilitas imbalan pascakerja adalah to post-employment benefits liability are as follows:
sebagai berikut:
2025 2024
Laba rugi Profit or loss
Biaya jasa kini 22.216 18.940 Current service costs
Biaya bunga 15.997 15.132 Interest costs
Biaya jasa lalu 430 21 Past service costs
Pendapatan bunga - (437) Interest income
Pengukuran kembali liabilitas Remeasurement of defined
imbalan pasti - neto 1.268 661 benefits liability - net
Total 39.911 34.317 Total
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN PASCAKERJA (Lanjutan) 38. POST-EMPLOYMENT BENEFITS LIABILITY
(Continued)
2025 2024
Penghasilan komprehensif lain Other comprehensive income
Kerugian (keuntungan) aktuarial dari Actuarial loss (gain) from
pengukuran kembali remeasurement of the
liabilitas imbalan pasti - neto - (8.483) defined benefits liability - net
Kerugian (keuntungan) aktuarial terdiri dari: Actuarial loss (gain) arising from:
Penyesuaian asumsi liabilitas Experience assumptions
program 6.091 (1.594) from liability program
Asumsi keuangan (7.072) (4.225) Financial assumptions
Neto (981) (14.302) Net
Mutasi liabilitas imbalan pascakerja adalah sebagai Movements of post-employment benefits liability is as
berikut: follows:
2025 2024
Saldo awal tahun 231.458 235.255 Balance at beginning of year
Beban (penghasilan) diakui pada Expenses (income) charged in the
laporan konsolidasian: consolidated statements of:
Laba rugi 39.911 34.317 Profit or loss
Penghasilan komprehensif lain (981) (14.302) Other comprehensive income
Akuisisi entitas anak 316 - Acquisition of subsidiary
Pembayaran manfaat (25.753) (22.620) Benefits paid
Kontribusi Grup (526) (1.192) Contribution of the Group
Saldo Akhir Tahun 244.425 231.458 Balance at End of Year
Mutasi nilai kini kewajiban imbalan pasti adalah sebagai Movements of the present value of defined benefit
berikut: obligation are as follows:
2025 2024
Saldo awal tahun 232.310 235.506 Beginning of the year
Beban (penghasilan) diakui pada laporan Expenses (income) charged in the
konsolidasian: consolidated statements of:
Laba rugi 39.911 34.754 Profit or loss
Penghasilan komprehensif lain 46 (14.302) Other comprehensive income
Akuisisi entitas anak 316 - Acquisition of subsidiary
Pembayaran manfaat (25.753) (22.620) Benefits paid
Kontribusi Grup (526) (1.028) Contribution of the Group
Saldo Akhir Tahun 246.304 232.310 Balance at End of Year
Grup menghadapi sejumlah risiko signifikan terkait The Group is exposed to a number of significant risks
program imbalan pasti, sebagai berikut: related to its defined benefit plans, as follows:
(a) Perubahan tingkat diskonto (a) Changes in discount rate
Penurunan pada tingkat diskonto menyebabkan A decrease in discount rate will increase plan
kenaikan liabilitas program. liabilities.
(b) Tingkat kenaikan gaji (b) Salary increment rate
Liabilitas imbalan pasti berhubungan dengan tingkat Defined benefits liabilities are linked to salary
kenaikan gaji, dimana semakin tinggi tingkat increment rate, whereby the higher salary increment
kenaikan gaji akan menyebabkan semakin besarnya rate will lead to higher liabilities.
liabilitas.
107
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN PASCAKERJA (Lanjutan) 38. POST-EMPLOYMENT BENEFITS LIABILITY
(Continued)
Analisa sensitivitas kuantitatif kewajiban imbalan pasti The quantitative sensitivity analysis of the defined
terhadap perubahan asumsi utama tertimbang pada benefits obligation to the changes in the weighted
tanggal 31 Desember 2025 dan 2024 adalah sebagai principal assumptions as of December 31, 2025 and
berikut: 2024 are as follows:
2025 2024
Tingkat Tingkat
Tingkat Kenaikan Tingkat Kenaikan
Diskonto/ Penghasilan/ Diskonto/ Penghasilan/
Discount Salary Increase Discount Salary Increase
Rate Rate Rate Rate
Kenaikan suku bunga Increase in interest rate
dalam 100 basis poin 227.850 265.501 221.671 255.440 in 100 basis point
Penurunan suku bunga Decrease in interest rate
dalam 100 basis poin 265.772 228.158 255.366 221.285 in 100 basis point
Analisa sensitivitas didasarkan pada perubahan atas The sensitivity analysis is based on a change in an
satu asumsi aktuarial dimana asumsi lainnya dianggap assumption while holding all other assumptions constant.
konstan. Dalam praktiknya, hal ini jarang terjadi dan In practice, this is unlikely to occur, and changes in some
perubahan beberapa asumsi mungkin saling berkorelasi. of the assumptions may be correlated.
Dalam perhitungan sensitivitas kewajiban imbalan pasti When calculating the sensitivity of the defined benefits
atas asumsi utama, metode yang sama (perhitungan obligation to principal assumptions, the same method
nilai kini kewajiban imbalan pasti dengan menggunakan (present value of the defined benefits obligation
metode Projected Unit Credit di akhir periode) telah calculated with the Projected Unit Credit method at the
diterapkan. end of the reporting period) has been applied.
Metode dan jenis asumsi yang digunakan dalam The methods and types of assumptions used in
menyiapkan analisa sensitivitas tidak berubah dari preparing the sensitivity analysis did not change
periode sebelumnya. compared to the previous period.
Analisa jatuh tempo yang diharapkan dari pensiun dan Expected maturity analysis of undiscounted pension and
liabilitas imbalan pascakerja tidak terdiskonto adalah post-employment benefits liability is as follows:
sebagai berikut:
Kurang dari 1 sampai 2 sampai Lebih dari
1 tahun/ 2 tahun/ 5 tahun/ 5 tahun/
Less than Between Between Over than
a year 1 - 2 years 2 - 5 years 5 years
31 Desember 2025 20.403 22.376 79.487 823.605 December 31, 2025
31 Desember 2024 14.949 16.078 65.363 821.047 December 31, 2024
Perbandingan nilai kini kewajiban imbalan kerja dan Comparison of the present value of defined benefits
penyesuaian (pengaruh perbedaan antara asumsi obligation and the experience adjustments (the effects of
aktuarial sebelumnya dan apa yang sebenarnya terjadi) the differences between the previous actuarial
yang timbul pada liabilitas program selama lima (5) tahun assumptions and what has actually occurred) arising on
terakhir adalah sebagai berikut: the plan liabilities over the last five (5) years is as
follows:
108
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. LIABILITAS IMBALAN PASCAKERJA (Lanjutan) 38. POST-EMPLOYMENT BENEFITS LIABILITY
(Continued)
2025 2024 2023 2022 2021
Kewajiban imbalan pasti 246.304 232.310 235.506 260.168 264.770 Defined benefit obligation
Aset program (1.879) (852) (251) (13.770) (13.770) Plan assets
Defisit 244.425 231.458 235.255 246.398 251.000 Deficit
Penyesuaian atas Experience adjustment on
Liabilitas program 6.091 (1.594) 16.030 (2.938) (34.912) Plan liabilities
Aset program - - - - (1.528) Plan assets
39. LABA PER SAHAM 39. EARNINGS PER SHARE
a. Laba Per Saham Dasar/Dilusian a. Basic/Diluted Earnings Per Share
2025 2024
Laba neto diatribusikan Profit attributable to
kepada pemilik entitas induk 493.852 327.590 owners of parent
Jumlah rata-rata tertimbang Total weighted average number
saham untuk perhitungan of shares for basic loss
rugi per saham dasar 173.416.832.509 160.789.478.057 per share calculation
Laba Neto per Saham Dasar/ Basic/Diluted Earnings per
Dilusian Diatribusikan kepada Share Attributable to
Pemilik Entitas Induk Owners of Parent
(Angka Penuh) 2,85 2,04 (Full Amount)
b. Informasi terkait dengan klasifikasi efek untuk b. Information concerning the classification of
laba atau rugi per saham dilusian securities for diluted earnings or losses per share
Untuk tahun yang berakhir pada tanggal For the year ended December 31, 2025 and 2024,
31 Desember 2025 dan 2024, Perusahaan tidak the Company has no shares that have a potential
memiliki pinjaman atau saham yang mempunyai efek dilutive effect.
dilutif potensial.
40. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 40. TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan usaha normal, Grup melakukan The Group, in its regular conduct of business, has
transaksi dengan pihak-pihak berelasi. Transaksi- engaged in transactions with related parties. These
transaksi tersebut adalah sebagai berikut: transactions are as follows:
a. Piutang usaha - pihak berelasi (Catatan 7) a. Trade receivables - related parties (Note 7)
Persentase terhadap
Total Aset Konsolidasian/
Percentage to
Total Consolidated Assets
2025 2024 2025 2024
PT Kaltim Prima Coal 18.588 14.369 0,08% 0,21% PT Kaltim Prima Coal
PT EMP Tonga 10.385 10.385 0,04% 0,15% PT EMP Tonga
Lain-lain (dibawah Rp10 miliar) 27.203 31.138 0,12% 0,46% Others (below Rp10 billion)
Total 56.176 55.892 0,24% 0,82% Total
109
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 40. TRANSACTIONS WITH RELATED PARTIES
(Lanjutan) (Continued)
Persentase terhadap
Total Aset Konsolidasian/
Percentage to
Total Consolidated Assets
2025 2024 2025 2024
Dikurangi penyisihan
kerugian atas Less allowance for
penurunan nilai (6.900) (14.008) (0,03%) (0,20%) impairment losses
Neto 49.276 41.884 0,21% 0,62% Net
Manajemen Grup berkeyakinan bahwa piutang masih The Group’s management believes that the
dapat ditagih dan penyisihan kerugian atas receivables can be collected and the allowance for
penurunan nilai cukup untuk menutup kemungkinan impairment losses is adequate to cover possibility of
kerugian atas tidak tertagihnya piutang dari pihak losses from uncollectible receivables from related
berelasi tersebut. parties.
b. Investasi jangka pendek (Catatan 6) b. Short-term investments (Note 6)
Persentase terhadap
Total Aset Konsolidasian/
Percentage to
Total Consolidated Assets
2025 2024 2025 2024
PT Bakrie Sumatera PT Bakrie Sumatera
Plantation Tbk - 3.617 0,00% 0,05% Plantation Tbk
PT Darma Henwa Tbk - 2.753 0,00% 0,04% PT Darma Henwa Tbk
PT Bakrie Telecom Tbk - 2.152 0,00% 0,03% PT Bakrie Telecom Tbk
PT Bakrieland PT Bakrieland
Development Tbk - 504 0,00% 0,01% Development Tbk
PT Energi Mega Persada Tbk - 3 0,00% 0,00% PT Energi Mega Persada Tbk
Total - 9.029 0,00% 0,13% Total
c. Piutang lain-lain - pihak berelasi (Catatan 8) c. Other receivables - related parties (Note 8)
Persentase terhadap
Total Aset Konsolidasian/
Percentage to
Total Consolidated Assets
2025 2024 2025 2024
PT Lativi Media Karya 5.000 5.000 0,02% 0,07% PT Lativi Media Karya
Lain-lain 3.483 - 0,01% 0,00% Others
Total 8.483 5.000 0,04% 0,07% Total
Dikurangi penyisihan
kerugian atas Less allowance for
penurunan nilai (26) (26) 0,00% 0,00% impairment losses
Neto 8.457 4.974 0,04% 0,07% Net
Manajemen Grup berkeyakinan bahwa piutang masih The Group’s management believes that the
dapat ditagih dan penyisihan kerugian atas receivables can be collected and the allowance for
penurunan nilai cukup untuk menutup kemungkinan impairment losses is adequate to cover possibility of
kerugian atas tidak tertagihnya piutang dari pihak losses from uncollectible receivables from related
berelasi tersebut. parties.
110
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 40. TRANSACTIONS WITH RELATED PARTIES
(Lanjutan) (Continued)
d. Piutang pihak berelasi d. Due from related parties
Persentase terhadap
Total Aset Konsolidasian/
Percentage to
Total Consolidated Assets
2025 2024 2025 2024
PT Tanjung Jati PT Tanjung Jati
Power Company 256.375 256.375 1,08% 3,75% Power Company
PT Bakrie Global PT Bakrie Global
Ventura 2.328 2.328 0,01% 0,03% Ventura
Lain-lain (dibawah Rp10 miliar) 27.298 18.481 0,12% 0,27% Others (below Rp10 billion)
Total 286.001 277.184 1,21% 4,05% Total
Dikurangi penyisihan kerugian Less allowance for
atas penurunan nilai (254.329) (260.273) (1,10%) (3,81%) impairment losses
Neto 31.672 16.911 0,11% 0,24% Net
Piutang pihak berelasi berasal dari pemberian The balances of due from related parties arise from
pinjaman dana (uang muka) dan penggantian biaya borrowings (advances) and reimbursement of
kepada pihak berelasi. Piutang ini tanpa dikenakan expenses to related parties. These receivables are
bunga dan tidak memiliki jangka waktu pembayaran non-interest bearing and with no fixed collection
tetap. schedule.
Pembentukan penyisihan kerugian atas penurunan Allowance for impairment losses of due from related
nilai piutang pihak berelasi adalah sehubungan parties is in connection with ongoing review of the
dengan penelaahan yang berkesinambungan oleh management regarding the capability each related
manajemen atas kemampuan masing-masing pihak party to pay its obligation.
berelasi untuk melunasi kewajibannya.
e. Utang usaha - pihak berelasi (Catatan 20) e. Trade payables - related parties (Note 20)
Persentase terhadap Total
Liabilitas Konsolidasian/
Percentage to Total
Consolidated Liabilities
2025 2024 2025 2024
Lain-lain (dibawah Others (below
Rp10 miliar) 18.403 21.126 0,52% 0,72% Rp10 billion)
f. Utang lain-lain - pihak berelasi (Catatan 21) f. Other payables - related parties (Note 21)
Persentase terhadap Total
Liabilitas Konsolidasian/
Percentage to Total
Consolidated Liabilities
2025 2024 2025 2024
PT Provices Indonesia 18.893 15.014 0,10% 0,51% PT Provices Indonesia
Dana Pensiun Bakrie Dana Pensiun Bakrie
(dalam likuidasi) 7.508 8.882 0,04% 0,30% (under liquidation)
Lain-lain (dibawah Rp10 miliar) 3.532 4.288 0,00% 0,15% Others (below Rp10 billion)
Total 29.933 28.184 0,14% 0,96% Total
111
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 40. TRANSACTIONS WITH RELATED PARTIES
(Lanjutan) (Continued)
Saldo utang lain-lain kepada pihak berelasi berasal The balance of other payables - related parties arose
dari pinjaman modal kerja, pembelian saham, iuran from working capital loan, purchase of shares,
dana pensiun dan biaya sewa. contributions of retirement benefits and rent
expenses.
g. Utang pihak berelasi g. Due to related parties
Persentase terhadap Total
Liabilitas Konsolidasian/
Percentage to Total
Consolidated Liabilities
2025 2024 2025 2024
KSO Bakrie Construction - KSO Bakrie Construction -
PT Suluh Ardhi Engineering 57.803 - 0,31% 0,00% PT Suluh Ardhi Engineering
PT Cimanggis Cibitung PT Cimanggis Cibitung
Tollways - 69.547 0,00% 2,38% Tollways
PT Kalimantan Prima Power - 5.433 0,00% 0,19% PT Kalimantan Prima Power
Lain-lain (dibawah Others (below
Rp10 miliar) 29.937 15.103 0,38% 0,38% Rp10 billion)
Total 87.740 90.083 0,69% 2,95% Total
Saldo utang pihak berelasi berasal dari pinjaman The balance of due to related parties arose from loan
untuk proyek jangka panjang dan belanja modal. for long-term projects and capital expenditures.
Utang-utang ini tanpa dikenakan bunga dan tidak These payables are non-interest bearing loan and
memiliki jangka waktu pembayaran tetap. with no fixed payment schedule.
h. Piutang dari Komisaris dan Direksi (Catatan 18) h. Receivable from Commissioners and Directors
(Note 18)
Grup memberikan pinjaman tanpa bunga kepada The Group extended non-interest bearing loans
komisaris dan direksi untuk pembelian rumah dan to commissioners and directors for the purchase
kendaraan bermotor. Saldo pinjaman kepada of houses and vehicles. The balances of the loans
komisaris dan direksi pada tanggal 31 Desember to commissioners and directors as of December 31,
2025 dan 2024, masing-masing sebesar Rp0,1 miliar 2025 and 2024, amounted to Rp0.1 billion and
dan Rp0,1 miliar, yang disajikan sebagai bagian dari Rp0.1 billion, respectively, and are presented as part
“Aset Tidak Lancar Lainnya” dalam laporan posisi of “Other Non-Current Assets” in the consolidated
keuangan konsolidasian. statements of financial position.
i. Kompensasi manajemen kunci i. Key management compensation
Manajemen kunci Grup terdiri dari Dewan Komisaris, The Group’s key management personnel consists of
Direksi Perusahaan dan Chief Officers. the Company’s Boards of Commissioners, Directors
and Chief Officers.
Total remunerasi dan imbalan lainnya yang diberikan Total remuneration and other benefits given to key
kepada personil manajemen kunci sebagai berikut: management personnel are as follows:
31 Desember/ December 31, 2025
Personil
Manajemen
Dewan Kunci lainnya/
Komisaris/ Direksi/ Other Key
Board of Board of Management Total/
Commissioners Directors Personnel Total
Imbalan kerja jangka pendek 8.572 30.907 9.854 49.333 Short-term employment benefits
Imbalan kerja Other long-term
jangka panjang lainnya - - 3.556 3.556 employment benefits
Total 8.572 30.907 13.410 52.889 Total
112
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 40. TRANSACTIONS WITH RELATED PARTIES
(Lanjutan) (Continued)
31 Desember/ December 31, 2024
Personil
Manajemen
Dewan Kunci lainnya/
Komisaris/ Direksi/ Other Key
Board of Board of Management Total/
Commissioners Directors Personnel Total
Imbalan kerja jangka pendek 7.305 29.165 10.513 46.983 Short-term employment benefits
Imbalan kerja Other long-term
jangka panjang lainnya - - 4.013 4.013 employment benefits
Total 7.305 29.165 14.526 50.996 Total
i. Sifat hubungan berelasi i. Nature of related parties
Pihak berelasi merupakan entitas sepengendali yang The related parties are under common control of the
memiliki pemegang saham dan/atau anggota direksi same shareholders and/or same members of the
dan dewan komisaris yang sama dengan boards of directors or commissioners as the
Perusahaan, Entitas Anak, Entitas Asosiasi atau Company, Subsidiaries, Associates or Jointly
Entitas Pengendalian Bersama. Controlled Entities.
Karena memiliki sifat berelasi, hal ini memungkinkan Because of these relationships, it is possible that the
syarat dan kondisi transaksi dengan pihak yang terms and conditions of these transactions are not the
mempunyai hubungan istimewa tidak sama jika same as those that would result from transactions
transaksi tersebut dilakukan dengan pihak ketiga, with third parties, such as employee loans.
contohnya pinjaman karyawan.
41. SEGMEN OPERASI 41. OPERATING SEGMENT
Grup memiliki usaha yang terbagi dalam dua operasi The Group classified its products and services into
yang meliputi usaha yang berhubungan dengan two core business segments namely infrastructure and
infrastruktur dan manufaktur, jasa pabrikasi dan manufacturing, fabrication and construction services as
konstruksi serta perdagangan, jasa dan investasi. well as trading, services and investment.
Informasi tentang segmen usaha Grup adalah sebagai Information concerning the Group business segments is
berikut: as follows:
31 Desember/ December 31, 2025
Jasa Pabrikasi
Infrastruktur dan dan Konstruksi/ Perdagangan,
Manufaktur/ Fabrication Jasa dan Investasi/
Infrastructure and and Construction Trading, Services, Eliminasi/ Konsolidasian/
Manufacturing Services and Investment Elimination Consolidated
PENDAPATAN NETO 3.110.416 387.369 245.188 - 3.742.973 NET REVENUES
BEBAN POKOK PENDAPATAN 2.426.830 355.143 216.616 - 2.998.589 COST OF REVENUES
LABA USAHA 683.586 32.226 28.572 - 744.384 GROSS PROFIT
BEBAN USAHA OPERATING EXPENSES
Beban karyawan 108.224 12.525 124.480 - 245.229 Personnel expenses
General and administrative
Beban umum dan administrasi 152.718 30.464 68.975 - 252.157 expenses
Beban penjualan 122.109 4.763 3.263 - 130.135 Selling expenses
Total Beban Usaha 383.051 47.752 196.718 - 627.521 Total Operating Expenses
LABA (RUGI) USAHA 300.535 (15.526) (168.146) - 116.863 OPERATING PROFIT (LOSS)
PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)
Keuntungan dari pengukuran kembali
atas kepentingan ekuitas yang Gain on remeasurement of
dimiliki sebelumnya 211.214 - 211.161 - 422.375 previously held equity interest
Keuntungan dari pembelian diskon 320.127 - - - 320.127 Gain on bargain purchase
Keuntungan (kerugian) selisih kurs - neto 3.283 9 10.710 - 14.002 Gain (loss) on foreign exchange - net
Keuntungan atas penjualan aset tetap 1.612 - (641) - 971 Gain on sale of fixed assets
Pemulihan penyisihan (penyisihan) Reversal of provision (provision for)
penurunan nilai atas piutang (883) - (88.689) - (89.572) impairment of receivables
Beban bunga dan keuangan - neto (227.295) 12.267 3.473 - (211.555) Interest and financial charges - net
Lain-lain - neto (41.184) 55.311 377.392 (445.898) (54.379) Others - net
Penghasilan (Beban) Other Income
Lain-lain - Neto 266.874 67.587 513.406 (445.898) 401.969 (Charges) - Net
113
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. SEGMEN OPERASI (Lanjutan) 41. OPERATING SEGMENT (Continued)
31 Desember/ December 31, 2025
Jasa Pabrikasi
Infrastruktur dan dan Konstruksi/ Perdagangan,
Manufaktur/ Fabrication Jasa dan Investasi/
Infrastructure and and Construction Trading, Services, Eliminasi/ Konsolidasian/
Manufacturing Services and Investment Elimination Consolidated
LABA (RUGI) SEBELUM PROFIT (LOSS) BEFORE
MANFAAT (BEBAN) INCOME TAX
PAJAK PENGHASILAN 567.409 52.061 345.260 (445.898) 518.832 BENEFIT (EXPENSE)
MANFAAT (BEBAN) PAJAK INCOME TAX
PENGHASILAN BENEFIT (EXPENSE)
Kini (44.801) 2.783 - - (42.018) Current
Tangguhan 49.135 (2.355) (20.852) - 25.929 Deferred
Manfaat (Beban) Pajak Penghasilan - Neto 4.334 429 (20.852) - (16.089) Income Tax Benefit (Expense) - Net
LABA (RUGI) NETO 571.743 52.490 324.408 (445.898) 502.743 NET PROFIT (LOSS)
Aset tetap - neto 1.613.267 41.227 126.211 283.725 2.064.430 Fixed assets - net
Aset segmen lainnya 17.143.083 3.835.980 1.796.565 (1.282.495) 21.493.133 Other assets per segment
Investasi pada entitas asosiasi 172.367 - 3.216.353 (3.378.720) 10.000 Investments in associates
TOTAL ASET 18.928.717 3.877.207 5.139.129 (4.377.490) 23.567.563 TOTAL ASSETS
TOTAL LIABILITAS 16.472.432 639.749 1.803.618 (19.900) 18.895.899 TOTAL LIABILITIES
31 Desember/ December 31, 2024
Jasa Pabrikasi
Infrastruktur dan dan Konstruksi/ Perdagangan,
Manufaktur/ Fabrication Jasa dan Investasi/
Infrastructure and and Construction Trading, Services, Eliminasi/ Konsolidasian/
Manufacturing Services and Investment Elimination Consolidated
PENDAPATAN NETO 3.479.967 253.477 136.461 - 3.869.905 NET REVENUES
BEBAN POKOK PENDAPATAN 2.645.930 219.017 135.481 - 3.000.428 COST OF REVENUES
LABA USAHA 834.037 34.460 980 - 869.477 GROSS PROFIT
BEBAN USAHA OPERATING EXPENSES
Beban karyawan 119.745 12.738 118.507 - 250.990 Personnel expenses
General and administrative
Beban umum dan administrasi 109.811 23.522 69.379 - 202.712 expenses
Beban penjualan 124.209 3.848 4.846 - 132.903 Selling expenses
Total Beban Usaha 353.765 40.108 192.732 - 586.605 Total Operating Expenses
LABA (RUGI) USAHA 480.272 (5.648) (191.752) - 282.872 OPERATING PROFIT (LOSS)
PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)
Keuntungan (kerugian) selisih kurs - neto (2.211) (1.883) 25.747 - 21.653 Gain (loss) on foreign exchange - net
Keuntungan atas penjualan
aset tetap 46.743 - 79 - 46.822 Gain on sale of fixed assets
Pemulihan penyisihan (penyisihan) Provision for impairment of
penurunan nilai atas piutang 10.757 - 7.457 - 18.214 receivables
Beban bunga dan keuangan (73.893) (5.746) (15.853) - (95.492) Interest and financial charges
Keuntungan atas penyelesaian Gain from settlement of loan
pinjaman melalui investasi - - 353.464 - 353.464 through investments
Kerugian atas dilusian investasi Loss on dilution of investment
pada entitas anak (280.354) - - - (280.354) in subsidiary
Lain-lain - neto 216.849 162.963 8.149 (345.910) 42.051 Others - net
Penghasilan (Beban) Other Income
Lain-lain - Neto (82.109) 155.334 379.043 (345.910) 106.358 (Charges) - Net
LABA (RUGI) SEBELUM PROFIT (LOSS) BEFORE
MANFAAT (BEBAN) INCOME TAX
PAJAK PENGHASILAN 398.163 149.686 187.291 (345.910) 389.230 BENEFIT (EXPENSE)
MANFAAT (BEBAN) PAJAK INCOME TAX
PENGHASILAN BENEFIT (EXPENSE)
Kini (76.201) (233) - - (76.434) Current
Tangguhan 33.601 658 (11.007) - 23.252 Deferred
Manfaat (Beban) Pajak Penghasilan - Neto (42.600) 425 (11.007) - (53.182) Income Tax Benefit (Expense) - Net
LABA (RUGI) NETO 355.563 150.111 176.284 (345.910) 336.048 NET PROFIT (LOSS)
Aset tetap - neto 1.320.265 35.332 315.138 283.596 1.954.331 Fixed assets - net
Aset segmen lainnya 952.641 3.624.448 1.852.399 (1.564.330) 4.865.158 Other assets per segment
Investasi pada entitas asosiasi 99.716 - 3.168.097 (3.257.813) 10.000 Investments in associates
TOTAL ASET 2.798.977 3.531.023 5.038.044 (4.538.555) 6.829.489 TOTAL ASSETS
TOTAL LIABILITAS 3.603.032 (962.415) 1.158.725 (881.519) 2.917.823 TOTAL LIABILITIES
114
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
42. ASET DAN LIABILITAS MONETER DALAM MATA 42. MONETARY ASSETS AND LIABILITIES IN FOREIGN
UANG ASING CURRENCIES
Grup memiliki aset dan liabilitas dalam mata uang asing The Group had monetary assets and liabilities in foreign
sebagai berikut: currencies as follows:
2025 2024
Mata Uang Mata Uang
Asing Asing
(Angka Penuh)/ Setara (Angka Penuh)/ Setara
Original Rupiah/ Original Rupiah/
Currency Equivalent Currency Equivalent
(Full Amount) Rupiah (Full Amount) Rupiah
Aset Assets
Kas dan setara kas Cash and cash equivalents
Dolar AS 683.014 11.462 725.909 11.734 US Dollar
Euro - - 5.482 29 Euro
Yen Jepang 4.148 446 283 92 Japanese Yen
Investasi jangka pendek Short-term investments
Dolar AS - - 20.985.000 339.160 US Dollar
Piutang usaha Trade receivables
Dolar AS 1.098.504 9.356 1.812.028 29.286 US Dollar
Piutang lain-lain Other receivables
Dolar AS 6.838.133 114.758 12.500.000 202.025 US Dollar
Pount Sterling Inggris 1.022.870 26.017 1.425.500 28.984 Great British Pounds
Piutang pihak berelasi Due from related parties
Dolar AS 15.276.801 256.375 15.862.844 256.375 US Dollar
Kas yang dibatasi
penggunaannya Restricted cash in banks
Dolar AS 100.000 1.678 124.700 2.101 US Dollar
Dolar AS 23.896.452 391.951 51.885.781 838.580 US Dollar
Pount Sterling Inggris 1.022.870 26.017 1.425.500 28.984 Great British Pounds
Euro - - 5.482 29 Euro
Yen Jepang 4.148 446 283 92 Japanese Yen
Total Aset 418.414 867.685 Total Assets
Liabilitas Liabilities
Utang usaha Trade payables
Dolar AS 2.513.981 37.331 - 15.762 US Dollar
Utang lain-lain Other payables
Dolar AS 45.794 769 45.794 740 US Dollar
Biaya masih harus dibayar Accrued expenses
Dolar AS 626.830 10.519 17.583.260 284.181 US Dollar
Pinjaman jangka panjang Long-term loans
Dolar AS 6.838.133 114.758 15.092.568 202.025 US Dollar
Dolar AS 163.377 502.708 US Dollar
Dolar Australia 204 - Australian Dollar
Total Liabilitas 163.581 502.708 Total Liabilities
Aset Neto 254.833 364.977 Net Assets
115
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. INSTRUMEN KEUANGAN 43. FINANCIAL INSTRUMENTS
Tabel berikut menyajikan jumlah tercatat dan taksiran The following table sets forth the carrying amounts and
nilai wajar dari instrumen keuangan Grup yang dicatat di estimated fair values of Group’s financial instruments
laporan posisi keuangan konsolidasian: that are carried on the consolidated statements of
financial position:
2025 2024
Jumlah Nilai Jumlah Nilai
Tercatat/ Wajar/ Tercatat/ Wajar/
Carrying Fair Carrying Fair
Amounts Values Amounts Values
Aset Keuangan Financial Assets
Nilai wajar melalui laba rugi Fair value through profit or loss
Diperdagangkan 404.060 404.060 404.060 404.060 Held for trading
Efek ekuitas tercatat 470 470 327 327 Quoted equity securities
Obligasi yang dapat ditukar 664.438 664.438 339.160 339.160 Exchangeable bonds
Dana investasi 150.000 150.000 - - Investment funds
Subtotal 1.218.968 1.218.968 743.547 743.547 Subtotal
Kas 577 577 402 384 Cash on hand
Diukur pada biaya perolehan diamortisasi Measured at amortized cost
Pinjaman yang diberikan
dan piutang Loans and receivables
Kas di bank dan Cash in banks and
setara kas 236.073 236.073 167.823 167.823 cash equivalents
Deposito berjangka 102.200 102.200 102.200 102.200 Time deposit
Piutang usaha - neto Trade receivables - net
Pihak ketiga 636.273 636.273 755.892 755.892 Third parties
Pihak berelasi 49.276 49.276 41.884 41.884 Related parties
Piutang lain-lain - neto Other receivables - net
Pihak ketiga 379.561 379.561 522.716 522.716 Third parties
Pihak berelasi 8.457 8.457 4.974 4.974 Related party
Aset lancar lainnya Other current assets
Kas di bank yang dibatasi
penggunaannya 700.605 700.605 7.295 7.295 Restricted cash in banks
Piutang pihak berelasi - neto 31.672 31.672 16.911 16.911 Due from related parties - net
Aset tidak lancar lainnya Other non-current assets
Kas di bank yang
dibatasi penggunaannya 193.232 193.232 136.756 136.756 Restricted cash in banks
Jaminan 16.402 16.402 16.925 16.925 Security deposits
Piutang dari komisaris Receivable from commissioners
dan direksi 153 153 95 95 and directors
Subtotal 2.353.904 2.353.904 1.773.471 1.773.471 Subtotal
Nilai wajar melalui Fair value through
penghasilan komprehensif lain other comprehensive income
Efek ekuitas tercatat - - 9.029 9.029 Quoted equity securities
Efek ekuitas tidak tercatat 527.524 527.524 533.867 992.709 Unquoted equity securities
Subtotal 527.524 527.524 542.896 1.001.738 Subtotal
Total Aset Keuangan 4.100.973 4.100.973 3.718.914 3.718.914 Total Financial Assets
Liabilitas Keuangan Financial Liabilities
Diukur pada biaya perolehan
diamortisasi Measured at amortized cost
Pinjaman jangka pendek 1.836.563 1.836.563 768.683 768.683 Short-term loans
Utang usaha Trade payables
Pihak ketiga 888.582 888.582 739.905 739.905 Third parties
Pihak berelasi 18.403 18.403 21.126 21.126 Related parties
Utang lain-lain Other payables
Pihak ketiga 45.926 45.926 86.103 86.103 Third parties
Pihak berelasi 29.933 29.933 28.184 28.184 Related parties
Beban akrual 280.284 280.284 151.020 151.020 Accrued expenses
Utang lain-lain jangka panjang 275.069 275.069 - - Long-term other payables
Pinjaman jangka panjang 14.903.226 14.903.226 448.093 448.093 Long-term loans
Liabilitas sewa 8.545 8.545 16.455 16.455 Lease liabilities
Utang pihak berelasi 87.740 87.740 90.083 90.083 Due to related parties
Total Liabilitas Keuangan 18.374.271 18.374.271 2.349.652 2.349.652 Total Financial Liabilities
116
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FORWARD MOMENTUM
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. INSTRUMEN KEUANGAN (Lanjutan) 43. FINANCIAL INSTRUMENTS (Continued)
Tabel berikut menyajikan jumlah tercatat dan taksiran The following table sets forth the carrying amounts and
nilai wajar dari instrumen keuangan Grup yang dicatat di estimated fair values of Group’s financial instruments
laporan posisi keuangan konsolidasian: that are carried on the consolidated statements of
financial position:
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions are used to
mengestimasi nilai wajar untuk setiap kelompok estimate the fair value of each class of financial
instrumen keuangan yang praktis untuk memperkirakan instrument for which it is practicable to estimate such
nilai tersebut: value:
Aset dan liabilitas keuangan jangka pendek: Short-term financial assets and liabilities:
• Instrumen keuangan jangka pendek dengan • Short-term financial instruments with remaining
jatuh tempo satu tahun atau kurang (kas dan maturities of one year or less (cash and cash
setara kas, deposito berjangka, piutang usaha, equivalents, time deposits, trade receivables, other
piutang lain-lain, kas di bank yang dibatasi receivables, restricted cash in banks, short-term
penggunaannya, pinjaman jangka pendek, utang loans, trade payables, other payables and accrued
usaha, utang lain-lain dan beban masih harus expenses).
dibayar).
Instrumen keuangan ini sangat mendekati nilai These financial instruments approximate to carrying
tercatat mereka karena jatuh tempo mereka dalam amounts largely due to their short-term maturities
jangka pendek (tingkat 2). (level 2).
• Instrumen keuangan yang diperdagangkan dan efek • Trading financial instruments and quoted equity
ekuitas yang tercatat. instruments.
Instrumen ini diukur pada nilai wajarnya dengan These instruments are measured at their fair values
menggunakan teknik penilaian kuotasi harga pasar using quoted market prices existing for such
untuk instrumen tersebut (tingkat 1). instruments (level 1).
• Instrumen derivatif. • Derivative instruments.
Nilai wajar dari instrumen derivatif yang dimiliki The fair values of derivative instruments are
ditentukan dengan teknik penilaian tertentu, yang determined using valuation techniques, which
menggunakan data pasar yang dapat diobservasi, maximizing the use of observable market data,
antara lain dengan mendiskontokan arus kas masa among others by discounting future cash flows using
datang menggunakan suku bunga transaksi pasar applicable rates from observable current market
terkini yang dapat diobservasi yang berlaku untuk transactions for instruments with similar terms, credit
instrumen dengan persyaratan, risiko kredit dan risk and remaining maturities (level 2).
jatuh tempo yang sama (tingkat 2).
Aset dan liabilitas keuangan jangka panjang: Long-term financial assets and liabilities:
• Aset keuangan tidak lancar lainnya dan piutang • Other non-current financial assets and due from
pihak berelasi. related parties.
Untuk aset keuangan tidak lancar lainnya yang tidak Other non-current financial assets that are not stated
dikuotasi di harga pasar dan nilai wajarnya tidak at quoted market price and whose fair value cannot
dapat diukur secara andal tanpa menimbulkan biaya be reliably measured without incurring excessive
yang berlebihan, dicatat berdasarkan nilai nominal costs, are carried at their nominal amounts less any
dikurangi penurunan nilai. impairment losses.
• Liabilitas keuangan jangka panjang dengan suku • Long-term fixed-rate and variable-rate financial
bunga tetap dan variabel (pinjaman jangka panjang liabilities (unquoted long-term loans and lease
dan liabilitas sewa yang tidak dikuotasikan). liabilities).
Nilai wajar dari liabilitas keuangan ini ditentukan The fair value of these financial liabilities is
dengan mendiskontokan arus kas masa datang determined by discounting future cash flows using
menggunakan suku bunga yang berlaku dari applicable rates from observable current market
transaksi pasar yang dapat diamati untuk instrumen transactions for instruments with similar terms, credit
dengan persyaratan, risiko kredit dan jatuh tempo risk and remaining maturities (level 2).
yang sama (tingkat 2).
117
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
43. INSTRUMEN KEUANGAN (Lanjutan) 43. FINANCIAL INSTRUMENTS (Continued)
• Liabilitas keuangan yang tidak dikuotasikan dalam • Financial liability not quoted on an active market
pasar aktif (utang pihak berelasi). (due to related parties).
Liabilitas keuangan ini dicatat berdasarkan nilai This financial liability is carried at its nominal amount
nominal karena nilai wajarnya tidak dapat diukur since its fair value cannot be reliably measured. It
secara andal. Tidak praktis untuk memperkirakan was not practical to estimate the fair value of this
nilai wajar dari instrumen keuangan ini dikarenakan financial instrument because there was no fixed
tidak memiliki jangka waktu pembayaran yang tetap. repayment term.
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN POLICIES
Risiko-risiko Keuangan Financial Risks
Kegiatan Grup terekspos terhadap berbagai risiko The Group’s activities expose it to a variety of financial
keuangan yaitu: risiko pasar (termasuk risiko suku risks namely: market risk (including interest rate risk,
bunga, risiko mata uang asing dan risiko harga), risiko foreign currency risk and price risk), credit risk and
kredit dan risiko likuiditas. liquidity risk.
Tujuan manajemen risiko Grup secara keseluruhan The Group’s overall risk management objective is to
adalah untuk secara efektif mengendalikan risiko-risiko effectively manage these risks and minimize potential
ini dan meminimalisasi pengaruh kerugian yang dapat adverse effects on its financial performance. The Board
terjadi terhadap kinerja keuangan Grup. Direksi of Directors reviews and approves the policies for
menelaah dan menyetujui kebijakan untuk managing each of these risks, which are summarized
mengendalikan setiap risiko ini, yang diringkas di bawah below, and also monitors the market price risks arising
ini, dan juga memonitor risiko harga pasar dari semua from all financial instruments.
instrumen keuangan.
a. Risiko Pasar a. Market Risk
Risiko pasar adalah risiko yang dapat memengaruhi Market risk refers to the risk that arises when the
Grup akibat fluktuasi dari harga saham aset yang Group is confronted with fluctuations in share price of
dimiliki, tingkat bunga dan kurs nilai tukar yang terkait the assets owned, interest rates and exchange rates
dengan portofolio investasi sehingga berdampak related to the investment portfolio that impact the
pada posisi keuangan dan nilai investasi Grup di Group’s financial position and investment value on
pasar, baik dari pergerakan yang tidak sesuai the market, both on market movement against the
dengan harapan Perusahaan dan peningkatan Company’s expectations and volatility increase.
volatilitas.
Identifikasi, penilaian, dan pemantauan risiko pasar Identification, assessment, and monitoring of market
dilakukan terhadap kinerja harga saham Perusahaan risk are performed on market price performance of
dan portofolio investasinya di pasar, volatilitas nilai the Company’s share and its investment portfolio,
tukar dan tingkat bunga. Faktor-faktor lain yang volatility of exchange rates and interest rates. Other
dinilai memiliki dampak atau kontribusi terhadap factors considered to have impact on or contributing
kinerja dan/atau volatilitas dari indikator risiko pasar to performance and/or volatility of the market risk
tersebut yang dapat digunakan sebagai data indicators that can be used as reference data in order
pembanding guna memperoleh akurasi penilaian to obtain accurate market risk assessment, are
risiko pasar, antara lain: kinerja fundamental among others: the performance of the Company's
keuangan Perusahaan dan portofolio investasinya, financial fundamentals and its investment portfolio,
kondisi makroekonomi, serta informasi macroeconomic conditions, as well as information on
perkembangan industri terkait lainnya. the development of other related industries.
Sebagai langkah mitigasi terhadap risiko pasar, Grup As initiatives for mitigating market risk, the Group
melakukan hal-hal sebagai berikut: practices the following:
• Menyampaikan laporan penilaian risiko secara • Delivers periodic risk assessment report to the
berkala yang disampaikan kepada Komite Risk Management Committee, CEO and/or other
Manajemen Risiko, CEO dan/atau pihak-pihak relevant parties to be followed-up and used as a
terkait lainnya untuk ditindaklanjuti dan dijadikan reference in the decision-making process. The
acuan dalam proses pengambilan keputusan. reported assessment result of market risk
Adapun indikator hasil penilaian risiko pasar yang indicators are volatility risk and risk exposure to
dilaporkan adalah risiko volatilitas dan eksposur the value of money.
risiko dalam nilai uang.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
• Dalam hal ini, secara singkat, analisis internal • In summary, internal analyses thus show that the
menunjukkan bahwa risiko kesempatan yang risk of having loss of opportunity is greater than
hilang lebih besar daripada risiko kejatuhan pasar. the risk of experiencing losses in a bear market.
Penempatan posisi portofolio Grup pada pasar The Group portfolio’s placement in growing
yang sedang meningkat tersebut berkaitan markets is related to the market risk factors’
dengan mitigasi faktor risiko pasar. mitigation initiatives.
• Menetapkan limit risiko yang terdiri dari peringkat • Sets risk limit that consists of risk rating based on
risiko (risk rating) berdasarkan volatilitas harga, price volatility, beta value range, the acceptable
rentang nilai beta, rentang nilai eksposur risiko range of risk exposures, and the range of prices of
yang masih dapat diterima, dan rentang nilai assets on the market.
harga aset di pasar.
• Berkaitan dengan risiko ini, terdapat adanya dua • Related to this particular risk, there are two types
tipe risiko yang harus dipertimbangkan, yaitu of risks that need to be considered, i.e., shrinking
adanya eksposur nilai pasar yang berkurang dan market value exposure and growing market value
eksposur nilai pasar yang meningkat. Pada exposure. In the first exposure, if the Group takes
eksposur pertama, tentunya jika Grup mengambil a position that assumes that the market value is to
posisi yang mengasumsikan harga pasar yang grow, such a position will create a risk of loss. On
meningkat, asumsi ini akan menyebabkan adanya the other hand, in the second exposure, if the
risiko kerugian. Namun, pada eksposur kedua, Group takes a bearish position, it will create a risk
jika Grup mengambil posisi mengasumsikan of loss of opportunities. Based on internal
kejatuhan pasar, hal ini akan menyebabkan analyses and through cross-checking with certain
terjadinya risiko kesempatan kehilangan (loss of external analyses, the Group concludes that
opportunities). Berdasarkan kajian-kajian internal emerging markets in general, and that of
yang telah dilakukan dan dengan pengecekan Indonesia specifically, will expand as associated
pada beberapa kajian eksternal, Grup with the substantial economic growth experienced
berkesimpulan bahwa terutama di negara with countries outside the developed countries.
berkembang pada umumnya, dan Indonesia pada
khususnya, pasar akan mengalami peningkatan
yang cukup tinggi seiring dengan laju
pertumbuhan ekonomi di negara-negara di luar
negara maju.
(1) Risiko Suku Bunga (1) Interest Rate Risk
Eksposur Grup terhadap risiko tingkat suku The Group’s exposure to interest rate risk is
bunga terutama berasal dari simpanan di bank resulted from deposits with banks and credit
dan fasilitas pinjaman yang didasarkan pada facilities based on floating interest rates. The
tingkat suku bunga mengambang. Grup Group manages this financial risk by
mengelola risiko keuangan ini dengan monitoring the market interest rates risk
melakukan monitor terhadap tingkat suku movement.
bunga pasar.
Berdasarkan estimasi manajemen, sampai Based on management’s estimate, until the
dengan tanggal pelaporan Perusahaan Company’s next reporting date, the interest
berikutnya, suku bunga mungkin meningkat/ rates may increase/ decrease by 100 basis
menurun 100 basis poin dibandingkan tingkat points compared to the interest rate at
bunga pada tanggal 31 Desember 2025 dan December 31, 2025 and 2024.
2024.
Jika suku bunga lebih tinggi/rendah 100 basis If interest rate had been 100 basis points
poin dengan seluruh variabel lain tetap, maka higher/lower with all other variables held
dampak terhadap laba rugi dan ekuitas pada constant, the effect on December 31, 2025 and
tanggal 31 Desember 2025 dan 2024 akan 2024 profit or loss and equity would
berupa peningkatan/penurunan beban bunga have been an increase/a decrease
sekitar Rp0,3 miliar dan Rp0,6 miliar. of interest expense by approximately
Rp0.3 billion and Rp0.6 billion, respectively.
119
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
(2) Risiko Mata Uang Asing (2) Foreign Currency Risk
Grup terekspos risiko perubahan nilai tukar The Group is exposed to changes in foreign
mata uang asing terutama dari biaya, aset dan currency exchange rate primarily from certain
liabilitas tertentu dalam Dolar AS, Dolar expenses, assets and liabilities in US Dollar,
Singapura, Euro, Pound Sterling Inggris, Dolar Singapore Dollar, Euro, Great British Pounds,
Australia dan Yen Jepang yang timbul karena Australian Dollar, and Japanese Yen which
aktivitas pendanaan dan kegiatan operasional arise from financing activities and daily
sehari-hari. Grup memonitor dan mengelola operations. The Group monitors and manages
risiko ini dengan menyepadankan liabilitas the risk by matching the foreign currency
keuangan dalam mata uang asing dengan aset financial liabilities with relevant foreign
keuangan dalam mata uang asing terkait dan currency assets and buying or selling foreign
melakukan pembelian atau penjualan mata currencies at spot rate when necessary.
uang asing saat diperlukan.
Manajemen memperkirakan bahwa nilai tukar Management estimates that the exchange rate
Rupiah terhadap Dolar AS, Dolar Singapura, of Rupiah against US Dollar, Singapore Dollar,
Euro, Dolar Australia dan Yen Jepang dapat Euro, Australian Dollar and Japanese Yen may
melemah/menguat dalam kisaran hingga 3,8% weaken/strengthen within a range of up to
dan 2,2% dibandingkan dengan nilai tukar 3.8% and 2.2% compared to the exchange
pada tanggal 31 Desember 2025 dan 2024. rate as of December 31, 2025 and 2024.
Jika Rupiah melemah/menguat hingga 3,8% If Rupiah had weakened/strengthened by up to
untuk tahun 2025 dan 2,2% untuk tahun 2024 3.8% for 2025 and 2.2% for 2024 against US
terhadap mata uang Dolar AS, Dolar Dollar, Singapore Dollar, Euro, Australian
Singapura, Euro, Dolar Australia dan Yen Dollar, and Yen with all other variables held
dengan seluruh variabel lain tetap, constant, profit or loss and equity would
maka laba rugi dan ekuitas akan menjadi have increased/decreased approximately
lebih tinggi/rendah masing-masing sekitar by Rp9.7 billion and Rp4.2 billion as of
Rp9,7 miliar dan Rp4,2 miliar pada tanggal- December 31, 2025 and 2024, respectively.
tanggal 31 Desember 2025 dan 2024.
(3) Risiko Harga (3) Price Risk
Grup menghadapi risiko harga efek ekuitas The Group is exposed to equity securities
karena perdagangan investasi efek dan price risk because of the trading securities
investasi efek tersedia untuk dijual yang investment and available for sale securities
dimiliki oleh Grup. Untuk mengelola risiko investments held by the Group. To manage its
harga yang timbul dari investasi pada efek price risk arising from investments in equity
ekuitas, Grup mendiversifikasi portofolionya. securities, the Group diversifies its portfolio.
Diversifikasi portofolio dilakukan dalam batas- Diversification of the portfolio is done within the
batas yang ditetapkan oleh Grup. limits set by the Group.
Dampak dari kenaikan atau penurunan The impact of increase or decrease on equity
indeks ekuitas sebesar 2,2% dan 2,2% pada index amounting to 2.2% and 2.2% for
tanggal 31 Desember 2025 dan 2024 dengan December 31, 2025 and 2024 with all other
semua variabel lainnya konstan dan semua variables held constant and all the Group’s
instrumen ekuitas Grup dipindahkan sesuai equity instruments moved according to
dengan korelasi historis indeks, laba rugi dan the historical correlation of the index, profit
ekuitas untuk tahun yang berakhir pada or loss and equity for the years then ended
tanggal-tanggal tersebut akan menjadi lebih would have been higher/lower amounting to
tinggi/lebih rendah masing-masing sebesar Rp0.1 billion and Rp0.1 billion, respectively.
Rp0,1 miliar dan Rp0,1 miliar.
120
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
b. Risiko Kredit b. Credit Risk
Risiko kredit adalah risiko di mana arus kas yang Credit risk is the risk that promised cash flows from
telah dijanjikan dari piutang Grup maupun dari efek receivables and securities held by the Group are not
yang dipegang Grup tidak dibayar penuh atau gagal paid in full or are subject to default. The transactions
dibayar. Transaksi ini dapat bersumber dari berbagai may come from various operating and investing
aktivitas operasi dan investasi. activities.
Proses identifikasi risiko kredit dilakukan terhadap Credit risk identification process is carried out on
berbagai faktor, yaitu antara lain: tujuan kredit dan various factors, including among other things: the
sumber pembayaran; profil risiko terkini dari calon purpose of credit and sources of payment; current
debitur; kecukupan dan kualitas agunan/jaminan; risk profile of prospective borrowers; the adequacy
analisis kemampuan untuk membayar kembali; and quality of collateral; analysis of ability to pay
analisis kemampuan bisnis internal dan perbandingan back; internal business capabilities analysis and
(benchmarking) dengan industri sejenis; serta comparison (benchmarking) with similar industry; as
rencana mitigasi risiko debitur apabila mengalami well as risk mitigation plan if the debtor has defaulted.
gagal bayar. Dalam proses pengelolaan risiko kredit In the process of managing credit risk, the Group has
tersebut, Grup menetapkan suatu limit risiko yang set a limit of risk that must be observed and used as
harus dipatuhi dan dijadikan acuan dalam a reference in the management of investment and
pengelolaan transaksi investasi dan non-investasi non-investment transactions that include credit risk
yang termasuk kategori risiko kredit. category.
Eksposur maksimum risiko kredit adalah sebagai Maximum exposure to credit risk is as follows:
berikut:
Akun 2025 2024 Accounts
Nilai wajar melalui laba rugi Fair value through profit or loss
Diperdagangkan 404.060 404.060 Held for trading
Efek ekuitas tercatat 470 327 Quoted equity securities
Obligasi yang dapat ditukar 664.438 339.160 Exchangeable bonds
Dana investasi 150.000 - Investment funds
Diukur pada
biaya perolehan diamortisasi Measured at amortized cost
Kas di bank dan setara kas 236.073 167.823 Cash in banks and cash equivalents
Deposito berjangka 102.200 102.200 Time deposits
Piutang usaha - neto Trade receivables - net
Pihak ketiga 636.273 755.892 Third parties
Pihak berelasi 49.276 41.884 Related parties
Piutang lain-lain - neto Other receivables - net
Pihak ketiga 45.926 522.716 Third parties
Pihak berelasi 29.933 4.974 Related party
Aset lancar lainnya Other current assets
Kas di bank yang dibatasi
penggunaannya 700.605 7.295 Restricted cash in banks
Piutang pihak berelasi - neto 31.672 16.911 Due from related parties - net
Aset tidak lancar lainnya Other non-current assets
Kas di bank yang dibatasi
penggunaannya 193.232 136.756 Restricted cash in banks
Jaminan 16.402 16.925 Security deposits
Piutang dari komisaris Receivable from commissioners
dan direksi 153 95 and directors
121
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
Akun 2025 2024 Accounts
Nilai wajar melalui Fair value through
penghasilan komprehensif lain other comprehensive income
Efek ekuitas tercatat - 9.029 Quoted equity securities
Efek ekuitas tidak tercatat 527.524 533.867 Unquoted equity securities
Total 3.788.237 3.059.914 Total
Analisis umur aset keuangan yang belum jatuh tempo The aging analysis of financial assets that are not yet
atau tidak mengalami penurunan nilai dan yang lewat due or are not impaired and are past due at the end
jatuh tempo pada akhir periode pelaporan tetapi tidak of the reporting period but not impaired is as follows:
mengalami penurunan nilai adalah sebagai berikut:
31 Desember/ December 31, 2025
Belum
Jatuh Tempo Telah Jatuh Tempo tetapi Tidak Mengalami Penurunan Nilai/
ataupun Past Due but Not Impaired
Mengalami Kurang dari
Penurunan Nilai/ 3 bulan/ 3 bulan - 6 bulan/ 6 bulan - 1 tahun/ Lebih dari
Neither Past Due Less than 3 months - 6 months - 1 tahun/ Total/
nor Impaired 3 months 6 months 1 year Over 1 year Total
Nilai wajar diukur Fair value through
melalui laba rugi profit or loss
Diperdagangkan 404.060 - - - - 404.060 Held for trading
Efek ekuitas tercatat 470 - - - - 470 Quoted equity securities
Obligasi yang dapat ditukar 664.438 - - - - 664.438 Exchangeable bonds
Dana investasi 150.000 - - - - 150.000 Investment funds
Biaya perolehan
diamortisasi Amortized cost
Kas di bank dan Cash in banks and
setara kas 168.225 - - - - 168.225 cash equivalents
Deposito berjangka 102.200 - - - - 102.200 Time deposits
Piutang usaha - neto 261.680 351.360 31.475 4.922 148.339 797.776 Trade receivables - net
Piutang lain-lain - neto - 65.738 34.916 - 287.364 388.018 Other receivables - net
Aset lancar lainnya Other current assets
Kas di bank yang dibatasi Restricted
penggunaannya 7.295 - - - - 7.295 cash in banks
Uang muka jangka panjang 54.324 - - - - 54.324 Long-term advance
Piutang pihak Due from related
berelasi - neto 16.911 - - - - 16.911 parties - net
Aset tidak lancar lainnya Other non-current assets
Kas di bank yang dibatasi Restricted
penggunaannya 193.232 - - - - 193.232 cash in banks
Jaminan 16.402 - - - - 16.402 Security deposits
Piutang dari Receivables from
komisaris dan commissioners
direksi 153 - - - - 153 and directors
Nilai wajar diukur Fair value through
melalui penghasilan other comprehensive
komprehensif lain income
Efek ekuitas Quoted equity
tercatat 9.356 - - - - 9.356 securities
Total 2.048.746 417.098 66.391 4.922 435.703 2.972.860 Total
31 Desember/ December 31, 2024
Belum
Jatuh Tempo Telah Jatuh Tempo tetapi Tidak Mengalami Penurunan Nilai/
ataupun Past Due but Not Impaired
Mengalami Kurang dari
Penurunan Nilai/ 3 bulan/ 3 bulan - 6 bulan/ 6 bulan - 1 tahun/ Lebih dari
Neither Past Due Less than 3 months - 6 months - 1 tahun/ Total/
nor Impaired 3 months 6 months 1 year Over 1 year Total
Nilai wajar diukur Fair value through
melalui laba rugi profit or loss
Diperdagangkan 404.060 - - - - 404.060 Held for trading
Efek ekuitas tercatat 327 - - - - 327 Quoted equity securities
Obligasi yang dapat ditukar 339.160 - - - - 339.160 Exchangeable bonds
122
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
31 Desember/ December 31, 2024
Belum
Jatuh Tempo Telah Jatuh Tempo tetapi Tidak Mengalami Penurunan Nilai/
ataupun Past Due but Not Impaired
Mengalami Kurang dari
Penurunan Nilai/ 3 bulan/ 3 bulan - 6 bulan/ 6 bulan - 1 tahun/ Lebih dari
Neither Past Due Less than 3 months - 6 months - 1 tahun/ Total/
nor Impaired 3 months 6 months 1 year Over 1 year Total
Biaya perolehan
diamortisasi Amortized cost
Kas di bank dan Cash in banks and
setara kas 167.823 - - - - 167.823 cash equivalents
Deposito berjangka 102.200 - - - - 102.200 Time deposits
Piutang usaha - neto 261.680 351.360 31.475 4.922 148.339 797.776 Trade receivables - net
Piutang lain-lain - neto 400.749 - - - 126.941 527.690 Other receivables - net
Aset lancar lainnya Other current assets
Kas di bank yang dibatasi Restricted
penggunaannya 7.295 - - - - 7.295 cash in banks
Piutang pihak Due from related
berelasi - neto 16.911 - - - - 16.911 parties - net
Aset tidak lancar lainnya Other non-current assets
Kas di bank yang dibatasi Restricted
penggunaannya 136.756 - - - - 136.756 cash in banks
Uang muka jangka panjang 54.533 - - - - 54.533 Long-term advance
Jaminan 16.925 - - - - 16.925 Security deposits
Piutang dari Receivables from
komisaris dan commissioners
direksi 95 - - - - 95 and directors
Nilai wajar diukur Fair value through
melalui penghasilan other comprehensive
komprehensif lain income
Efek ekuitas Quoted equity
tercatat 9.029 - - - - 9.029 securities
Efek ekuitas Unquoted equity
tidak tercatat 533.867 - - - - 533.867 securities
Total 2.451.410 351.360 31.475 4.922 275.280 3.114.447 Total
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, individually
piutang usaha, piutang lain-lain, dan piutang impaired trade receivables, other receivables, and
pihak berelasi yang secara individual mengalami due from related parties totaling to Rp744.5 billion
penurunan nilai masing-masing sebesar and Rp645.9 billion, respectively, mainly relate to
Rp744,5 miliar dan Rp645,9 miliar dan terutama customers who are unexpectedly facing difficult
sehubungan dengan pelanggan yang secara tidak economic situations and have not paid these
terduga mengalami situasi ekonomi yang sulit dan receivables for more than two (2) years from due
belum membayar piutang tersebut selama lebih dari dates. The management assessed that a portion of
dua (2) tahun dari tanggal jatuh tempo. Manajemen these receivables is expected to be recovered.
menilai bahwa sebagian dari piutang tersebut
diharapkan dapat dipulihkan.
c. Risiko Likuiditas c. Liquidity Risk
Risiko likuiditas adalah risiko atau kerugian yang Liquidity risk is the risk incurred when a surge in
mungkin diderita ketika ada pelunasan liabilitas liability withdrawals may put the Group in a position of
segera yang menyebabkan Grup berada dalam posisi having to liquidate assets in a very short period of
harus melikuidasi aset dalam waktu sangat singkat time and at low prices. Included in the category of
dan dengan harga rendah. Termasuk dalam kategori liquidity risk to be managed are the asset liquidity risk
risiko likuiditas yang harus dikelola adalah risiko and cash flow availability.
likuiditas aset dan risiko ketersediaan arus kas.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
Risiko likuiditas aset dihasilkan dari posisi pelaku Asset liquidity risk resulting from the large quantity
pasar dengan jumlah besar telah memengaruhi harga positions taken by market participants has affected
sekuritas aset Grup di pasar. Karena itu, risiko the securities market price of the Group's assets.
likuiditas aset Grup banyak tergantung kepada Therefore, liquidity risk on the assets of the Group
fluktuasi harga saham di pasar, yang dipengaruhi depends largely on stock price fluctuations on the
oleh beberapa faktor yaitu: besarnya volume market, which is influenced by several factors: the
transaksi aset saham, selisih antara harga volume of transactions of shares assets, the
penawaran dan permintaan di pasar, dari jumlah nilai difference between bid and ask price on the market,
pasar dari saham yang beredar. Dampak risiko ini and the total market value of shares outstanding.
terhadap Grup adalah munculnya kewajiban untuk The impact of risk on the Group is the top-up
menambah nilai jaminan pinjaman Grup kepada obligations to increase the value of the Group's loan
pihak terkait sesuai dengan perjanjian yang collateral to related parties in accordance with the
disepakati. Risiko arus kas muncul akibat ketidak- agreed contract. Cash flow risk arises due to lack of
tersediaan dana tunai Grup untuk membayar pokok cash availability for the Group to pay principal and/or
dan/atau bunga yang telah jatuh tempo. interest that become due.
Sebagai langkah mitigasi terhadap risiko likuiditas, As initiatives for mitigating liquidity risk, the Group
maka Grup melakukan hal-hal sebagai berikut: practices the following:
• Pemantauan eksposur risiko likuiditas aset Grup • Monitors liquidity risk exposure of Group assets
dan risiko ketersediaan arus kas yang diikuti oleh and the availability of cash flow risk, followed by
pengujian kondisi model keuangan Grup di dalam testing the model conditions in the Group's
situasi yang sulit (stress testing); financial model in a difficult situation (stress
testing);
• Hasil uji di atas dipakai selanjutnya untuk • The above test results are then used to identify
mengidentifikasi faktor-faktor risiko berdasarkan risk factors based on the scale of sensitivity on
skala sensitivitasnya pada kinerja keuangan Grup the financial performance of the Group which will
yang akan menuntun Grup untuk pengambilan lead the Group to take more specific preventive
langkah-langkah pencegahan lebih spesifik; dan measures; and
• Upaya-upaya berkesinambungan, jika • Ongoing attempts to obtain non-cash debt
memungkinkan, dan lebih menguntungkan Grup settlement that may benefit the Group more, if
untuk melakukan proses pelunasan utang melalui possible, are other forms of liquidity risk mitigation
skema tanpa penggunaan arus kas adalah initiatives.
bentuk lain dari mitigasi risiko likuiditas ini.
Tabel di bawah menunjukkan analisis jatuh tempo The following tables analyze the Group’s financial
liabilitas keuangan Grup dalam rentang waktu yang liabilities into its relevant maturity groupings based on
menunjukan jatuh tempo kontraktual untuk semua their contractual maturities for all non-derivative
liabilitas keuangan non-derivatif dan instrumen financial liabilities and derivative financial instruments
keuangan derivatif yang diperlukan dalam which are essential in understanding the timing of
pemahaman jatuh tempo kebutuhan arus kas. Jumlah cash flows requirements. The amounts disclosed in
yang diungkapkan dalam tabel juga termasuk arus the table are the contractual undiscounted cash flows
kas kontraktual yang tidak terdiskonto (yang terdiri (consisting of outstanding principal balance plus
dari saldo pokok terutang ditambah pembayaran future interest payments, if any) which may differ to
bunga yang akan datang, jika ada) yang mungkin the carrying amounts of the financial liabilities at the
berbeda dengan jumlah tercatat liabilitas keuangan reporting dates.
pada tanggal pelaporan.
Jumlah Arus Kas Kontraktual yang Tidak Terdiskonto/
Contractual Undiscounted Cash Flows Amounts
Jumlah Kurang dari Antara Lebih dari
Tercatat/ 1 tahun/ 1 dan 5 tahun/ 5 tahun/
Carrying Less than Between Over
Amounts 1 year 1 and 5 years 5 years
Tanggal 31 Desember 2025 As of December 31, 2025
Pinjaman jangka pendek 1.836.563 1.836.563 - - Short-term loans
Utang usaha 906.985 906.985 - - Trade payables
Utang lain-lain 75.859 75.859 - - Other payables
Beban akrual 280.284 280.284 - - Accrued expenses
Utang lain-lain jangka panjang 275.069 - 275.069 - Long-term other payables
Pinjaman jangka panjang 14.903.226 345.747 14.557.479 - Long-term loans
Liabilitas sewa 8.545 7.217 1.328 - Lease liabilities
Utang pihak berelasi 87.740 - - 87.740 Due to related parties
Total 18.374.271 3.452.655 14.833.876 87.740 Total
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
Jumlah Arus Kas Kontraktual yang Tidak Terdiskonto/
Contractual Undiscounted Cash Flows Amounts
Jumlah Kurang dari Antara Lebih dari
Tercatat/ 1 tahun/ 1 dan 5 tahun/ 5 tahun/
Carrying Less than Between Over
Amounts 1 year 1 and 5 years 5 years
Tanggal 31 Desember 2024 As of December 31, 2024
Pinjaman jangka pendek 768.683 768.683 - - Short-term loans
Utang usaha 761.031 761.031 - - Trade payables
Utang lain-lain 114.287 114.287 - - Other payables
Beban akrual 151.020 151.020 - - Accrued expenses
Pinjaman jangka panjang 448.093 122.250 325.843 - Long-term loans
Liabilitas sewa 16.455 8.247 8.208 - Lease liabilities
Utang pihak berelasi 90.083 - - 90.083 Due to related parties
Total 2.349.652 1.925.518 334.051 90.083 Total
Pengelolaan Modal Capital Management
Tujuan utama dari pengelolaan modal Grup adalah The main objective of the Group's capital
untuk memastikan bahwa dipertahankannya management is to ensure that it maintains a strong
peringkat kredit yang kuat dan rasio modal yang credit rating and healthy capital ratios in order to
sehat agar dapat mendukung kelancaran usahanya support its business and maximize shareholder value.
dan memaksimalkan nilai dari pemegang saham. The Group manages its capital structure and makes
Grup mengelola struktur modalnya dan membuat adjustments with respect to changes in economic
penyesuaian-penyesuaian sehubungan dengan conditions and the characteristics of its business
perubahan kondisi ekonomi dan karakteristik dari risks. In order to maintain and adjust its capital
risiko usahanya. Agar dapat menjaga dan structure, the Group may adjust the amount of
menyesuaikan struktur modalnya, Grup akan dividend payments to shareholders, return capital
menyesuaikan jumlah dari pembayaran dividen structure or issue shares certificates. No changes
kepada para pemegang saham atau tingkat have been made in the objectives, policies and
pengembalian modal atau menerbitkan surat saham. processes as they have been applied in previous
Tidak ada perubahan dalam tujuan, kebijakan dan years.
proses, dan sama seperti penerapan tahun-tahun
sebelumnya.
44. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 44. FINANCIAL RISK MANAGEMENT OBJECTIVES AND
KEUANGAN (Lanjutan) POLICIES (Continued)
Grup memonitor struktur modalnya dengan The Group monitors its use of capital structure using
menggunakan rasio utang terhadap modal dimana a debt-to-equity ratio which is total debt divided by
total utang dibagi dengan total modal. Total utang ini total equity. Total debt represents interest bearing
adalah utang pokok dari pinjaman yang berbunga borrowings, while equity represents total equity
dan total modal adalah total ekuitas yang dapat attributable to owners of the parent.
diatribusikan kepada pemilik entitas induk.
Perhitungan rasio utang terhadap modal adalah Calculation of debt-equity ratio were as follows:
sebagai berikut:
2025 2024
Pinjaman berbunga 17.023.403 1.233.231 Interest-bearing borrowings
Ekuitas yang dapat diatribusikan Equity attributable to owners
kepada pemilik entitas induk 3.853.170 3.254.872 of the parent
Rasio Utang terhadap Modal 4,42 0,38 Debt-to-Equity Ratio
Grup tidak tunduk pada persyaratan modal yang The Group is not subject to externally imposed capital
ditetapkan oleh pihak luar pada tahun 2025 dan requirements in 2025 and 2024.
2024.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. KUASI REORGANISASI 45. QUASI REORGANIZATION
Sampai dengan tanggal 31 Desember 2023, Perseroan As of December 31, 2023, the Company recorded a
mencatat saldo defisit sebesar Rp19,5 triliun yang deficit balance of Rp19.5 trillion, which is the
merupakan akumulasi laba rugi (defisit) Perseroan pada accumulation of the Company's profit and loss (deficit) in
periode 2013-2023. Defisit tersebut sebagian besar the period 2013-2023. The deficit was largely due to the
disebabkan karena Perseroan mengalami kerugian Company suffer substantial losses in the value of
substansial penurunan nilai dari marketable securities marketable securities on shares of Bakrie group issuers
atas saham-saham emiten kelompok usaha Bakrie serta and losses on derivative liabilities with a total value of
kerugian kewajiban derivatif dengan total nilai sebesar Rp12.7 trillion in 2013, then losses during the period
Rp12,7 triliun pada tahun 2013, kemudian kerugian 2015-2018 with a total value reaching Rp7.7 trillion.
selama periode 2015-2018 dengan total nilai yang
mencapai Rp7,7 triliun.
Untuk mengeliminasi defisit, Perusahaan melakukan In order to eliminate the deficit, the Company conducted
kuasi reorganisasi sesuai dengan ketentuan yang diatur a quasi reorganization in accordance with provisions
dalam Peraturan Badan Pengawas Pasar Modal dan stipulated in the Regulation of the Capital Market and
Lembaga Keuangan (“Bapepam-LK”) No. IX.L.1, Financial Institution Supervisory Agency (“Bapepam-LK”)
Lampiran Keputusan Ketua Bapepam-LK No. Kep- No. IX.L.1, Attachment to the Decree of the Chairman of
718/BL/2012 tentang Kuasi Reorganisasi (“Peraturan Bapepam-LK No. Kep-718/BL/2012 concerning Quasi
IX.L.1”) dengan menggunakan laporan posisi keuangan Reorganization (“Regulation IX.L.1”) using statement of
tanggal 31 Desember 2023 yang disetujui oleh para financial position dated December 31, 2023 which was
pemegang saham Perusahaan melalui Rapat Umum approved by the shareholders of the Company through
Pemegang Saham Luar Biasa (RUPSLB) yang an Extraordinary General Meeting of Shareholders
diselenggarakan pada tanggal 21 Juni 2024. RUPSLB ini (EGMS) held on June 21, 2024. The EGMS was covered
diaktakan dengan Akta Notaris No. 23 oleh Humberg Lie, by Notarial Deed No. 23 of Humberg Lie, S.H., S.E.,
S.H., S.E., M.Kn., tanggal 5 Juli 2024 yang telah M.Kn., dated July 15, 2024, and was received
diterima pemberitahuannya oleh Menteri Hukum dan by the Ministry of Law and Human Right of the
Hak Asasi Manusia Republik Indonesia dengan Surat Republic of Indonesia in its Decision Letter
No. AHU-0052501.AH.01.02.Tahun 2024 tertanggal No. AHU-0052501.AH.01.02.Year 2024 dated
22 Agustus 2024. August 22, 2024.
Pengeliminasian saldo defisit Perusahaan dilakukan Elimination of the Company’s deficit were made in the
dengan urutan prioritas sebagai berikut: following order of priority:
31 Desember 2023/
December 31, 2023
Saldo Defisit (19.532.286.378.487) Deficit balance
Saldo positif akun agio saham 61.727.870.922 Positive balance of share premium account
Saldo positif akun selisih transaksi Positive balance of difference from transactions
dengan entitas nonpengendali 519.040.077.409 with non-controlling interest account
Penurunan nilai nominal saham 19.072.122.427.329 Reduction in par value of shares
Agio saham dari penurunan nilai Share premium from reduction of par value
nominal saham (120.603.997.173) of shares
Neto - Net
Adapun tujuan dan manfaat dilaksanakannya Kuasi The objectives and benefits of implementing the Quasi
Reorganisasi oleh Perseroan adalah sebagai berikut: Reorganization by the Company are as follows:
1. Perseroan dapat memulai awal yang baru (fresh 1. The Company can begin a good start (fresh start),
start) dengan neraca keuangan yang menunjukan with a statement of financial position in balance
saldo laba tanpa dibebani defisit masa lampau; sheet showing the fair value of current and past
without the burden of deficit;
2. Memperbaiki struktur ekuitas Perseroan dengan 2. To improve the Company's equity structure by
mengeliminasi akumulasi rugi (defisit) dengan eliminating the deficit, with other equity component,
menggunakan komponen ekuitas lain seperti agio such as agio, the different due to non controlling
saham, selisih transaksi dengan pihak transaction and decrease in share capital;
nonpengendali, dan penurunan modal saham;
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. KUASI REORGANISASI (Lanjutan) 45. QUASI REORGANIZATION (Continued)
3. Dengan kondisi neraca keuangan yang menunjukan 3. With the condition of the financial balance showing
nilai sekarang tanpa dibebani defisit masa lampau, the current value without being burdened by past
Perseroan diharapkan akan lebih mudah deficits, the Company is expected to find it easier to
memperoleh pendanaan, jika diperlukan, dalam obtain funding, if necessary, for business
rangka pengembangan usaha; development;
4. Dengan tidak adanya saldo defisit, maka akan dapat 4. With no deficit balance, it will have a positive impact
memberikan dampak positif bagi para pemegang on shareholders because the Company can
saham karena Perseroan dapat membagi dividen distribute dividends in accordance with applicable
sesuai dengan peraturan yang berlaku, termasuk regulations, including the Limited Liability Company
UUPT; dan Law; and
5. Meningkatkan minat dan daya tarik investor untuk 5. Increasing investor interest and attractiveness to
memiliki saham Perseroan sehingga diharapkan own the Company's shares so that it is hoped that it
juga akan meningkatkan likuiditas perdagangan will also increase the liquidity of the Company's
saham Perseroan. share trading.
Unit-unit usaha Perseroan yang bergerak di bidang The Company's business units engaged in the
manufaktur telah menjadi salah satu pemain kunci di manufacturing sector have become one of the key
bidang industri yang mereka garap, namun Perseroan players in the industrial sector they work in, but the
secara berkelanjutan berencana untuk memperbaiki lini Company continuously plans to improve the business
usaha semua anak perusahaan dengan terus lines of all subsidiaries by continuing to improve the
meningkatkan penerapan dan penguasaan teknologi application and mastery of the latest technology and
terkini serta penambahan investasi terhadap sumber increasing investment in adequate resources to run the
daya yang memadai untuk menjalankan usaha menuju business towards a sustainable business with the
bisnis berkelanjutan dengan keterlibatan Perseroan Company's involvement in various government and
dalam berbagai proyek-proyek Pemerintah maupun private projects, especially projects related to the
swasta, khususnya proyek-proyek terkait pembangunan development and strengthening of infrastructure.
dan penguatan infrastruktur.
Oleh karena itu Manajemen berkeyakinan bahwa Therefore, Management believes that the Company is
Perseroan mampu untuk menjaga status kelancaran able to maintain its smooth business status because in
usaha karena sejalan dengan Rencana Kuasi line with the Quasi Reorganization Plan, the Company
Reorganisasi, Perseroan mengadopsi strategi-strategi has adopted the following strategies:
sebagai berikut:
1. Melanjutkan fokus pada penguatan fundamental 1. Continuing to focus on strengthening the business
bisnis yang menopang kelangsungan bisnis fundamentals that support the Company's business
Perseroan, yaitu bisnis-bisnis di bidang manufaktur continuity, namely businesses in the manufacturing
dan terkait infrastruktur. Perseroan melanjutkan and infrastructure sectors. The Company continues
upaya penguatan fundamental bisnis dengan its efforts to strengthen business fundamentals by
memperkuat operasional setiap unit usaha sehingga strengthening the operations of each business unit
mampu mempertahankan daya saingnya di pasar. so that it can maintain its competitiveness in the
Perseroan juga membuka peluang untuk bermitra market. The Company also opens opportunities for
secara strategis dalam menjalankan usahanya. strategic partnerships in running its business. Up to
Hingga 3 tahun ke depan Perseroan menargetkan the next 3 years, the Company is targeting a CAGR
CAGR sebesar 16,6%, dengan porsi pendapatan of 16.6%, with a consolidated revenue portion of
terkonsolidasi sebesar 40,8% dari sektor pipa baja, 40.8% from the steel pipe sector, 5.6% from the
5,6% dari sektor fabrikasi baja, 4,1% dari sektor steel fabrication sector, 4.1% from the infrastructure
infrastruktur dan pendukung infrastruktur. and infrastructure support sector.
2. Mengembangkan portofolio bisnis baru berbasis 2. Developing a new technology-based business
teknologi dan berfokus pada Environment, Social portfolio and focusing on Environment, Social and
and Governance yang berpotensi menjadi sumber Governance that has the potential to become a new
pendapatan baru Perseroan di masa mendatang. source of income for the Company in the future. The
Perseroan telah mengembangkan portofolio bisnis Company has developed a business portfolio
yang bergerak di bidang pembangkit Listrik Energi engaged in the fields of New and Renewable Energy
Baru dan Terbarukan, kendaraan listrik beserta Power Generation, electric vehicles and automotive
komponen otomotif, dan teknologi cepat bangun (3D components, and rapid construction technology (3D
Construction Printing and Prefab Housing). Construction Printing and Prefab Housing). The
Perseroan memproyeksikan pendapatan dari sektor Company projects that revenue from this sector will
ini akan terus bertumbuh dan menyumbang hingga continue to grow and contribute up to 44% of the
44% dari keseluruhan pendapatan Perseroan pada Company's total revenue in 2026.
tahun 2026.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. KUASI REORGANISASI (Lanjutan) 45. QUASI REORGANIZATION (Continued)
3. Secara aktif mengelola dan memitigasi risiko usaha 3. Manage and mitigate business and investment risks
dan investasi dengan cara menerapkan manajemen activelly trought implementing internal risk
risiko internal yang menjadi bagian terintegrasi management as an integrated part of the business
dalam proses bisnis. process.
Strategi-strategi di atas selain akan meningkatkan The above strategies will not only improve the
kinerja Perseroan juga akan meminimalisasi potensi Company's performance but will also minimize the
kerugian di era perkembangan teknologi yang sangat potential for opportunity loss in an era of very rapid
pesat. technological development.
Berdasarkan kondisi perekonomian Indonesia tersebut di Based on the above economic conditions in Indonesia,
atas, manajemen berkeyakinan bahwa kinerja Perseroan management believes that the performance of the
dan entitas anak akan membaik pada masa mendatang. Company and its subsidiaries will improve in the future.
46. INFORMASI TAMBAHAN ARUS KAS 46. SUPPLEMENTARY CASH FLOWS INFORMATION
a. Aktivitas yang tidak memengaruhi arus kas a. Activities not affecting cash flows are as follows:
adalah sebagai berikut:
2025 2024
Reklasifikasi aset dalam Reclassification of construction-
penyelesaian menjadi aset tetap 267.529 7.077 in-progress to fixed assets
Penambahan aset tetap dari setoran Additions to fixed asset contributed
pemegang saham nonpengendali 100.000 by non-controlling shareholder
Pemindahan piutang lain-lain kepada Transfer of other receivable to
pinjaman jangka pendek 34.093 - short-term loans
Penghasilan bunga dari investasi Interest income from short-term
jangka pendek melalui saling hapus investment through offsetting
dengan pinjaman jangka pendek 11.039 - with short-term loans
Penghapusan beban bunga akrual Write-off of accrued interest
dan pinjaman jangka pendek 6.653 2.898 and short-term loan
Penjualan investasi jangka pendek Sale of short-term investment
melalui saling hapus dengan through offsetting with
pinjaman jangka pendek 1.937 - short-term loans
Penerimaan investasi jangka Receipt of long-term investment
panjang sebagai imbalan atas in exchange for dilution of
dilusi investasi pada entitas anak - 272.000 investment in subsidiary
Penyelesaian pinjaman Settlement of
jangka pendek dan beban short-term loans and
masih harus dibayar melalui: accrued interest through:
Investasi jangka pendek - 168.783 Short-term investment
Piutang lain-lain - 132.721 Other receivables
Penjualan investasi jangka panjang Sale of long-term investment
melalui piutang lain-lain 29.421 through other receivables
Penambahan aset tetap Additions to fixed assets
melalui liabilitas sewa - 6.422 through lease liabilities
Penghapusan pinjaman
jangka panjang - 2.526 Write-off of long-term loan
Reklasifikasi aset tidak lancar Reclassification of
lainnya menjadi other non-current assets
aset takberwujud - 599 to intangible assets
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN 47. SIGNIFICANT AGREEMENTS AND COMMITMENTS
b. Rekonsiliasi liabilitas dari aktivitas pendanaan b. Reconciliation of liabilities from funding
adalah sebagai berikut: activities is as follows:
Saldo Amortisasi Saldo
1 Januari/ Arus Kas - Biaya Transaksi Akuisisi 31 Desember/
Balance as of neto/ Amortization Entitas Anak/ Balance as of
January 1, Cash Flows of Transaction Acquisition of Lain-lain/ December 31,
2025 net Costs Subsidiary Others 2025
Pinjaman jangka
pendek 768.683 1.053.416 - - 14.464 1.836.563 Short-term loans
Utang lain-lain
jangka panjang - (4.013) - 279.082 - 275.069 Long-term other payables
Utang pihak berelasi 90.083 (2.343) - (69.547) (5.433) 12.760 Due to related parties
Pinjaman jangka
panjang 448.093 4.740.725 17.308 9.697.100 - 14.903.226 Long-term loans
Liabilitas sewa 16.455 (8.018) - 108 - 8.545 Lease liabilities
Total 1.323.314 5.779.767 17.308 9.906.743 9.031 17.036.163 Total
Saldo Perubahan Saldo
1 Januari/ Arus Kas - Kurs/ Akuisisi 31 Desember/
Balance as of neto/ Foreign Entitas Anak/ Balance as of
January 1, Cash Flows Exchange Acquisition of Lain-lain/ December 31,
2024 net Movement Subsidiary Others 2024
Pinjaman jangka
pendek 1.278.706 269.543 - - (779.566) 768.683 Short-term loans
Utang pihak berelasi 91.701 (1.618) - - - 90.083 Due to related parties
Pinjaman jangka
panjang 887.462 332.655 (19.498) - (752.526) 448.093 Long-term loans
Liamusyarakah 18.456 (8.423) - - 6.422 16.455 Lease liabilities
Total 2.276.325 592.157 (19.498) - (1.525.670) 1.323.314 Total
Perjanjian Kemitraan Strategis Strategic Cooperation Agreement
Pada tanggal 20 Februari 2024, PT VKTR Teknologi On February 20, 2024, PT VKTR Teknologi Mobilitas
Mobilitas Tbk, entitas anak, mengadakan perjanjian Tbk, subsidiary, entered into strategic cooperation
kemitraan strategis dengan PT IMG Sejahtera Langgeng, agreement with PT IMG Sejahtera Langgeng, with the
yang bertujuan untuk meningkatkan inovasi dan aim of enhancing innovation and accelerating the
mempercepat adopsi kendaraan listrik (EV) di Indonesia; adoption of electric vehicle (EV) in Indonesia; in order to
dalam rangka menghadirkan solusi transportasi yang provide solutions for environmentally friendly
ramah lingkungan dan mempercepat elektrifikasi dalam transportation and expedite electrification in the
segmen kendaraan komersial di wilayah negara Republik commercial vehicle segment in the territory of the
Indonesia. Republic of Indonesia.
Gugatan terhadap CV Inti Mandiri Sadaya Lawsuit against CV Inti Mandiri Sadaya
Pada tanggal 27 Juni 2023, Perusahaan telah On June 27, 2023, the Company received the
menerima Putusan Pengadilan Tinggi DKI Jakarta DKI Jakarta High Court’s Decision Letter
No. 308/PDT/2023/PT DKI mengenai gugatan No. 308/PDT/2023/PT DKI regarding the Company’s
Perusahaan terhadap CV. Inti Mandiri Sadaya (IMS) lawsuit filed against CV Inti Mandiri Sadaya (IMS) which
yang telah ditolak. Berdasarkan Putusan Pengadilan has been rejected. Based on the DKI Jakarta High
Tinggi DKI Jakarta tersebut, piutang terutang Court’s decision, the Company’s receivable from IMS can
Perusahaan dari IMS tidak dapat lagi ditagih oleh no longer be collected by the Company.
Perusahaan.
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Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
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& the Board of Directors
Page 603
FORWARD MOMENTUM
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN 47. SIGNIFICANT AGREEMENTS AND COMMITMENTS
(Lanjutan) (Continued)
Pada tanggal 13 September 2023, Perusahaan telah On September 13, 2023, the Company filed/submitted
mengajukan/menyerahkan Memori Kasasi atas Putusan the Request for Cassation in relation to the Court’s
Pengadilan tersebut. Decision mentioned above.
Pada tanggal 6 Maret 2024, Majelis Hakim Mahkamah On March 6, 2024, the Panel of Judges of the Supreme
Agung melalui putusannya No.435K/Pdt/2024, Court through its award No. 435 K/Pdt/2024, granted the
mengabulkan permohonan kasasi dari Perusahaan dan Company's request of cassation and re-affirmed the
menegaskan Putusan Pengadilan Negeri Jakarta award of the South Jakarta District Court
Selatan No. 1148/Pdt.G/2021/PN.Jkt.Sel tanggal No. 1148/Pdt.G/2021/PN.Jkt.Sel dated January 24,
24 Januari 2023. 2023.
Dengan adanya putusan Mahkamah Agung maka Pursuant to the Supreme Court’s award, the Loan
Perjanjian Hutang Piutang tertanggal 10 Juni 2020 masih Agreement dated June 10, 2020, remains valid and
berlaku serta mengikat Perusahaan dan IMS, sehingga binding upon both the Company and IMS, thereby
Perusahaan tetap dapat menagih IMS berdasarkan entitling the Company to continue enforcing its claims
Perjanjian tersebut. against IMS under the said agreement.
Pada tanggal 10 Juni 2024, IMS saat ini mengajukan Currently, On June 10, 2024, IMS has initiated filed
gugatan kembali ke Pengadilan Negeri Jakarta Selatan, another legal action before the South Jakarta District
dengan sebagai Tergugat yaitu Perusahaan dan Court, with the Company as the Defendant and PT
tambahan pihak yang digugat yaitu PT Bakrie Power Bakrie Power (BP) as an additional Co-Defendant, as of
(BP) sebagai turut Tergugat pada tanggal 10 Juni 2024. June 10, 2024. Currently, the proceedings for this case is
Saat ini, proses perkara gugatan tersebut masih still ongoing at South Jakarta District Court. On April 24,
berlangsung di Pengadilan Negeri Jakarta Selatan. Pada 2025, the Panel of Judges of the South Jakarta District
tanggal 24 April 2025, Majelis Hakim Pengadilan Negeri through its award No. 543/Pdt.G/2024PN Jkt.Sel
Jakarta Selatan melalui putusannya No. declared that IMS's lawsuit was inadmissible (niet
543/Pdt.G/2024/PN Jkt.Sel menyatakan bahwa gugatan ontvankelijk verklaard). On May 6, 2025, IMS filed an
IMS tidak dapat diterima (niet ontvankelijk verklaard). appeal to the DKI Jakarta High Court. The appeal was
Pada tanggal 6 Mei 2025, IMS mengajukan permohonan later withdrawn by IMS pursuant to the Deed of
Banding ke Pengadilan Tinggi DKI Jakarta. Permohonan Withdrawal of Appeal No. 543/Pdt.G/2024/PN Jkt.Sel
Banding tersebut kemudian dicabut oleh IMS pada dated June 19, 2025.
berdasarkan Akta Pencabutan Banding No.
543/Pdt.G/2024/PN Jkt.Sel tertanggal 19 Juni 2025
Penundaan Kewajiban Pembayaran Utang Suspension of Debt Payment Obligation (PKPU)
(PKPU)
Pada tanggal 8 Maret 2021, Permohonan PKPU On March 8, 2021, the PKPU petition by PT Rizkinusa
oleh PT Rizkinusa Indahpersada selaku Pemohon Indahpersada as the PKPU Petitioner against
PKPU terhadap PT Bakrie BuiIding Industries (BBI), PT Bakrie Building Industries (BBI), subsidiary as the
entitas anak selaku Termohon PKPU diterima PKPU Respondent was received by the Commercial
Pengadilan Niaga di Pengadilan Negeri Jakarta Pusat Court at the Central Jakarta District Court and
dan terdaftar dengan Nomor Perkara No.48.Pdt.Sus- registered with Case Number No.48.Pdt.Sus-
PKPU/2022/PN.Niaga.Jkt.Pst. PKPU/2022/PN.Niaga.Jkt.Pst.
Pada tanggal 21 April 2022, pembacaan putusan oleh On April 21, 2022, the award was read by the Panel of
Majelis Hakim. Pada intinya, Majelis Hakim mengabulkan Judges. In essence, the Panel of Judges granted the
Permohonan PKPU yang diajukan oleh Pemohon PKPU PKPU Petition filed by the PKPU Petitioner and
dan menetapkan BBI berada dalam PKPU Sementara determined that BBI was in the Provisional PKPU for
selama empat puluh dua (42) hari. forty two (42) days.
Pada tanggal 2 Juni 2022, Majelis Hakim membacakan On June 2, 2022, the Panel of Judges announce the
Putusan Homologasi yang isinya antara lain adalah Homologation Award, the contents of which included
menyatakan sah dan mengikat secara hukum perjanjian stating that the settlement agreement was valid and
perdamaian antara Debitur dengan Para Kreditur pada legally binding between the Debtor and the Creditors on
tanggal 25 Mei 2022 serta menyatakan bahwa PKPU May 25, 2022 and stated that BBI PKPU was legally
BBI demi hukum berakhir. terminated.
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Implementation Report Responsibility
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN 47. SIGNIFICANT AGREEMENTS AND COMMITMENTS
(Lanjutan) (Continued)
Pada tanggal 10 Juni 2022, 6 (enam) kreditur PKPU On June 10, 2022, 6 (six) PKPU creditors of BBI
BBI mengajukan permohonan kasasi ke Mahkamah submitted a request for cassation to the Supreme Court
Agung atas putusan pengesahan perjanjian perdamaian for the decision to ratify the settlement agreement
antara kreditur dengan BBI yang telah terdaftar dengan between the creditors and BBI which had been
nomor register yaitu 1259/K/Pdt.Sus-Pailit/2022. registered with the register number 1259/K/Pdt.Sus-
Pailit/2022.
Pada tanggal 12 September 2022, telah terbit amar On September 12, 2022, award was issued by the
putusan dari Mahkamah Agung untuk perkara nomor Supreme Court for case number 1259/K/Pdt.Sus-
1259/K/Pdt.Sus-Pailit/2022. Isi dari amar putusan Pailit/2022. The contents of the Supreme Court's award
Mahkamah Agung adalah antara lain menolak include, among other things, declining the cassation
permohonan kasasi dari para kreditur pemohon kasasi. request from the creditors of the cassation plaintiff.
Pada tanggal 13 Januari 2023, 3 (tiga) kreditur PKPU On January 13, 2023, 3 (three) PKPU creditors of
BBI, telah mendaftarkan di Pengadilan Niaga pada BBI registered with the Commercial Court at the Central
Pengadilan Negeri Jakarta Pusat permohonan Jakarta District Court a request for Judicial Review (JR)
Peninjauan Kembali (PK) kepada Mahkamah Agung atas to the Supreme Court for the cassation award in the
putusan kasasi perkara PKPU BBI tanggal PKPU case for BBI dated September 12, 2022.
12 September 2022.
Pada tanggal 2 Februari 2023, BBI menyampaikan On February 2, 2023, BBI submitted a Counter
Kontra Memori atas PK kepada Mahkamah Agung Memorandum to the JR to the Supreme Court through
melalui Pengadilan Niaga pada Pengadilan Negeri the Commercial Court at the Central Jakarta District
Jakarta Pusat dan diterima pada hari dan tanggal yang Court and was received on the same day and date.
sama.
Perjanjian Jual Beli Tanah dengan PT Pilar Agra Land Sale and Purchase Agreement with PT Pilar
Unggul Agra Unggul
Pada tanggal 20 September 2024, PT Multi Kontrol On September 20, 2024, PT Multi Kontrol Nusantara
Nusantara mengadakan perjanjian jual beli tanah dengan entered into a land sale and purchase agreement
PT Pilar Agra Unggul yang terletak di Kalideres, Jakarta with PT Pilar Agra Unggul for a land located in
Barat seluas 1,67 hektar, dengan tujuan untuk Kalideres, West Jakarta, with an area of 1.67 hectares,
membangun sebuah Data Center Inner-City (“Data intended for the construction of an Inner-City
Center”). Transaksi pembelian tanah ini diatur dalam Data Center ("Data Center"). This land purchase
Surat Perjanjian No. 176/MKN/PAU/PJBTANAH/IX/2024. transaction is governed by the Agreement Letter
No. 176/MKN/PAU/PJBTANAH/IX/2024.
Sebagai bagian dari kesepakatan ini, PT Multi Kontrol As part of this agreement, PT Multi Kontrol Nusantara
Nusantara telah membayar uang muka sebesar has paid an advance payment of Rp152,400,000,000
Rp152.400.000.000,- (seratus lima puluh dua miliar (one hundred fifty-two billion four hundred million Rupiah)
empat ratus juta Rupiah) kepada PT Pilar Agra Unggul. to PT Pilar Agra Unggul.
Apabila ada sesuatu hal yang tidak direncanakan terjadi In the event of any unforeseen circumstances that result
sehingga membuat proyek pembangunan Data Center in the cancellation of the planned Data Center project,
yang di rencanakan ini batal dibangun, maka para pihak the parties agree that PT Pilar Agra Unggul is obligated
sepakat, PT Pilar Agra Unggul wajib mengembalikan to fully refund the advance payment of
dana uang muka sebesar Rp152.400.000.000,- (seratus Rp152,400,000,000 (one hundred fifty-two billion four
lima puluh dua miliar empat ratus juta Rupiah) secara hundred million Rupiah) to PT Multi Kontrol Nusantara
penuh kepada PT Multi Kontrol Nusantara tanpa ada without any deductions.
potongan.
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& the Board of Directors
Page 605
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN 47. SIGNIFICANT AGREEMENTS AND COMMITMENTS
(Lanjutan) (Continued)
Penjualan Saham Equipmake Holdings Plc Sale of Investment in Equipmake Holdings Plc
(“Equipmake”) (“Equipmake”)
Pada tanggal 29 Juli 2024, PT VKTR Teknologi On July 29, 2024, PT VKTR Teknologi Mobilitas Tbk
Mobilitas Tbk (VKTR), Entitas Anak, mengadakan (VKTR), Subsidiary, entered into a Conditional Sale and
Perjanjian Jual-Beli Bersyarat dengan Xenica Trading Purchase Agreement with Xenica Trading Ltd (“Xenica”)
Ltd (“Xenica”) sehubungan dengan Saham dalam in relation to the shares in Equipmake Holdings Plc
Equipmake Holdings Plc (“Equipmake”), dimana VKTR (“Equipmake”), VKTR agreed to sell and transfer shares
menyetujui untuk menjual dan mengalihkan saham of Equipmake to Xenica and Xenica agreed to purchase
gEquipmake kepada Xenica dan Xenica setuju untuk and acquire from VKTR, all the rights, titles, and interests
membeli dan memperoleh dari VKTR, seluruh hak, in and to the Sale Shares and with all rights, benefits and
kepemilikan dan kepentingan dalam dan atas Saham entitlement.
Yang Dijual dan dengan seluruh hak manfaat dan
kepemilikan yang ada.
VKTR dan Xenica setuju dan mengakui bahwa VKTR and Xenica agreed and acknowledged that the
harga penjualan dan pengalihan Saham Yang Dijual purchase price for the sale and transfer of Sale Shares
sebesar GBP1.425.500 (Harga Beli) wajib dibayar penuh amounting to GBP1,425,500 (Purchase Price) will be
oleh Xenica kepada VKTR paling lambat pada tanggal paid in full by Xenica to VKTR by the latest at the signing
penandatanganan Akta Pengalihan (Tanggal date of the Deed of Transfer (Payment Date).
Pembayaran).
Pada tanggal 20 Desember 2024, VKTR mengadakan On December 20, 2024, VKTR entered into the
Perjanjian Jual - Beli Saham dan Pemindahan Hak atas Agreement of Sale-Purchase of Shares and Transfer of
Saham dengan Xenica. Berdasarkan Perjanjian, VKTR Rights to Shares with Xenica. Based on the Agreement,
sebagai pemegang dan pemilik dari 23.529.411 saham VKTR as the holder and owner of 23,529,411 shares in
Equipmake dengan ini menjual dan memindahkan hak Equipmake sold and transferred the rights of the shares
atas saham dengan total harga seluruhnya sebesar with a total price of GBP1,425,500 (“Sale-Purchase
GBP1.425.500 (“Harga Jual-Beli”) kepada Xenica. Price”) to Xenica.
Pada tanggal 20 Desember 2024, Xenica On December 20, 2024, Xenica signed a Promissory
menandatangani surat sanggup kepada VKTR sebagai Note to VKTR as part of the payment based on the Share
bagian dari pembayaran berdasarkan Perjanjian Jual- Purchase Agreement and Transfer of Rights to Shares
Beli Saham dan Pemindahan Hak atas Saham senilai amounting to GBP1,425,500.
GBP1.425.500.
Surat sanggup ini akan jatuh tempo pada 180 hari This promissory note will be due 180 calendar days from
kalender sejak tanggal Perjanjian. Apabila pembayaran the date of the Agreement. If the payment due is not
yang seharusnya tidak dibayarkan pada tanggal jatuh made by the due date, the unpaid amount will incur an
tempo, maka jumlah yang belum dibayar akan dikenakan interest of 10% per annum until the payment is made.
bunga sebesar 10% per tahun hingga tanggal
pembayaran dilakukan.
Perjanjian Pengusahaan Jalan Tol Cimanggis - Toll Road Concession Agreements Cimanggis -
Cibitung Cibitung
Berdasarkan Surat Ketetapan dari Direktorat Jendral Based on the Decision Letter No. KU.03-Mn/63 of the
Kekayaan Negara Lembaga Manajemen Aset Negara Directorate General of State Assets Management dated
Republik Indonesia No. KU.03- Mn/63 tanggal September 17, 2007, PT Cimanggis Cibitung Tollways
17 September 2007, PT Cimanggis Cibitung Tollways (CCT), a Subsidiary, was established as the successful
(CCT), Entitas Anak, telah ditetapkan sebagai pemenang bidder in the auction of the concession for toll roads
lelang pengusahaan jalan tol batch II, jalan tol Cimanggis batch II Cimanggis – Cibitung, according to the Deed of
– Cibitung, berdasarkan Akta Perjanjian Pengusahaan the Concession Agreement of Cimanggis - Cibitung Toll
Jalan Tol Ruas Cimanggis - Cibitung No. 4 tanggal 7 Juli Road No. 4 dated July 7, 2011, made in front of Rina
2011 yang dibuat dihadapan Rina Utami Djauhari, S.H., Utami Djauhari, S.H., Notary at Jakarta.
Notaris di Jakarta.
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PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN 47. SIGNIFICANT AGREEMENTS AND COMMITMENTS
(Lanjutan) (Continued)
Perjanjian Pengusahaan Jalan Tol ruas Cimanggis - The Concession Agreements for Cimanggis - Cibitung
Cibitung telah beberapa kali mengalami perubahan, Toll Road have been amended several times, most
terakhir adalah Akta Notaris No. 6 tanggal 11 Mei 2021 recently by Notarial Deed No. 6 dated May 11, 2021, by
oleh Rina Utami Djauhari, Notaris di Jakarta tentang Rina Utami Djauhari, Notary in Jakarta regarding
Amendemen IX Perjanjuan Pengusahaan Jalan Tol Amendment IX of Concession Agreement of Cimanggis-
Cimanggis-Cibitung. Pada perubahan terakhirnya, masa Cibitung Toll Road. In the most recent amendment, the
konsesi atas ruas tol Cimanggis - Cibitung menjadi 45 concession period for Cimanggis - Cibitung toll road
tahun terhitung sejak diterbitkannya Surat Perintah Mulai becomes 45 years start from the issuance of Work
Kerja (SPMK) tanggal 10 Agustus 2016. Commitment Letter (SPMK) dated on August 10, 2016.
Perjanjian Kontraktor PT Cimanggis – Cibitung Contractor Agreement of PT Cimanggis – Cibitung
Tollways Tollways
Kontrak Konstruksi Seksi 1A Construction Contract Section 1A
Berdasarkan Kontrak No. 01/KJP/CCT/2015 tanggal 29 Under Contract No. 01/KJP/CC/2015 dated September
September 2015 tentang kontrak jasa pemborongan 29, 2015, on highway construction work chartering
pekerjaan pembangunan jalan tol Cimanggis - Cibitung services contract Cimanggis - Cibitung Section 1A:
Seksi 1A: STA.23 + 900 -STA.27 + 100 antara STA.23 + 900 - STA.27 + 100 between the Company and
Perusahaan dan PT Waskita Karya (Persero) Tbk PT Waskita Karya (Persero) Tbk (Waskita Karya)
(Waskita Karya) nilai kontrak sebesar Rp0,72 triliun dan amounted Rp0.72 trillion and the contract value of the
jangka waktu pelaksanaan pekerjaan selama 360 hari work during the implementation period of 360 calendar
kalender. days.
Perjanjian kontrak konstruksi Seksi 1 telah beberapa kali Construction contract of Section 1 has been amended
mengalami perubahan dengan terakhir berdasarkan several times, the latest with addendum XX
Adendum XX No. 20.08/DU-CCT/ADD/I/2024 tanggal 20 No. 20.08/DU-CCT/ADD/I/2024 dated January 20, 2024
Januari 2024 tentang kontrak jasa pemborongan on highway construction work chartering services
pekerjaan pembangunan jalan tol Cimanggis - Cibitung contract Cimanggis - Cibitung Section 1A: STA.23 + 900
Seksi 1A: STA. 23 + 900 - STA. 27 + 070 antara CCT - STA. 27 + 070 between CCT and Waskita Karya
dan Waskita Karya nilai kontrak sebesar Rp0,91 triliun amounting Rp0.91 trillion and the contract value of the
dan jangka waktu pelaksanaan pekerjaan selama 1.912 work during the implementation period of 1,912 calendar
hari kalender. days.
Kontrak Konstruksi Seksi 2 Construction Contract Section 2ssm
Berdasarkan Kontrak No. 01/SPPJK/CCT/2016 tanggal Under Contract No. 01/SPPJK/CCT/2016 dated
29 Juni 2016 tentang kontrak jasa pemborongan June 29, 2016, on highway construction work chartering
pekerjaan pembangunan jalan tol Cimanggis Cibitung services contract Cimanggis- Cibitung Section 2: STA.27
Seksi 2: STA.27 + 070 – STA.50 + 084 antara CCT dan + 070 – STA.50 + 084 between CCT and Waskita Karya
Waskita Karya nilai kontrak Rp3,95 triliun dan jangka amounted to Rp3.95 trillion and the contract value of the
waktu pelaksanaan pekerjaan selama 720 hari kalender. work during the implementation period of 720 calendar
days.
Perjanjian kontrak konstruksi Seksi 2 telah beberapa kali Construction contract of Section 2 has been amended
mengalami perubahan dengan terakhir berdasarkan several times, the latest with Addendum XXIV
Adendum XXIV No. 21.01/DT1-CCT/ADD/X/2024 tanggal No. 21.01/DT1-CCT/ADD/X/2024 dated October 21,
21 Oktober 2024 tentang kontrak jasa pemborongan 2024, on chartering services contract highway
pekerjaan pembangunan jalan tol Cimanggis - Cibitung construction work Cimanggis – Cibitung Section 2:
Seksi 2: STA.27 + 070 – STA.50 + 084 antara CCT STA.27 + 070 - STA.50 + 084 between CCT and Waskita
dan Waskita Karya, nilai kontrak diubah menjadi Karya, the contract price was amended amounting
Rp4.3 triliun dan jangka waktu pelaksanaan pekerjaan Rp4.3 trillion and the construction period was amended
diubah menjadi selama 3.059 hari kalender atau sampai to 3,059 calendar days or up to December 12, 2024. As
dengan 12 Desember 2024. Sampai dengan tanggal of the date of this report, the contract addendum is still in
laporan ini, adendum kontrak masih dalam proses the process of renewal.
pembaruan.
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& the Board of Directors
Page 607
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PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN 47. SIGNIFICANT AGREEMENTS AND COMMITMENTS
(Lanjutan) (Continued)
Kontrak Pengadaan Material Seksi 1A Material Procurement Contract Section 1A
Kontrak Jasa Pengadaan Material Precast dan Readymix Precast and Readymix Service Contract Procurement
No. 01/KJPB/CCT/2015 tanggal 29 September 2015 No. 01/KJPB/CCT/2015 dated September 29, 2015,
antara CCT dan PT Waskita Beton Precast Tbk (Waskita between CCT and PT Waskita Beton Precast Tbk
Beton) Seksi 1A: STA.23 + 900 – STA + 070 adalah (Waskita Beton) Section 1A: STA.23 + 900 – STA + 070
sebesar Rp0,41 triliun dan jangka waktu pelaksanaan for Rp0.41 trillion and the contract value of the work
pekerjaan selama 720 hari kalender dan terdapat during the implementation period of 720 calendar days.
Adendum XIII Kontrak Jasa Pengadaan Material Precast Under Addendum XIII No.18.02/DU-CCT/ADD/VIII/2020
dan Readymix No. 18.02/DU-CCT/ADD/VIII/2020 tanggal dated August 18, 2020, amounting to Rp0.6 trillion and
18 Agustus 2020 sebesar Rp0,6 triliun dan jangka waktu the contract value of the work during implementation
pekerjaan sampai dengan 25 Oktober 2020. period until October 25, 2020.
Perjanjian kontrak pengadaan material Seksi 1 telah Material procurement contract of Section 1 has been
beberapa kali mengalami perubahan dengan terakhir amended several times, the latest with Addendum XVI of
berdasarkan Adendum XVI Kontrak Jasa Pengadaan the Precast and Readymix Material Procurement Service
Material Precast dan Readymix No. 3.02/DU-CCT/ADD/ Contract No. 3.02/DU-CCT/ADD/X/2023 amounting
X/2023 nilai kontrak Rp0,57 triliun dan jangka waktu Rp0.57 trillion and the work period is 1,914 days or up to
pekerjaan adalah 1.914 hari atau sampai dengan December 25, 2020.
25 Desember 2020.
Kontrak Pengadaan Material Seksi 2 Material Procurement Contract Section 2
Berdasarkan Kontrak Jasa Pengadaan Material Precast Based on Precast and Readymix Contract Procurement
dan Readymix No. 02/SPPJK/CCT/2016 tanggal No. 02/SPPJK/CCT/2016 dated June 29, 2016, between
29 Juni 2016 antara CCT dan Waskita Beton untuk CCT and Waskita Beton Precast Tbk Section 2:
pembangunan jalan tol Cimanggis Cibitung Seksi 2: STA.27+070 – STA.50+084 for Rp2.5 trillion and the
STA.27 + 070 – STA.50 + 084 adalah sebesar contract of the work during the implementation period
Rp2,5 triliun dan jangka waktu pelaksanaan pekerjaan until June 29, 2018.
sampai dengan 29 Juni 2018.
Perjanjian kontrak pengadaan material Seksi 2 telah Material procurement contract of Section 2 has been
beberapa kali mengalami perubahan dengan terakhir amended several times, the latest with Addendum XX of
berdasarkan Adendum XX kontrak Jasa Pengadaan the Contract for Procurement of Precast and Readymix
Material Precast dan Readymix No. 21.02/DT1- Materials No. 21.02/DT1-CCT/ADD/X/2024 dated
CCT/ADD/X/2024 tanggal 22 Desember 2024, nilai December 22, 2024, the contract price was amended
kontrak sebesar Rp2,67 triliun dan jangka waktu amounting Rp2.67 trillion and the construction period is
pelaksanaan pekerjaan adalah 2.893 hari atau sampai 2,893 days or up to May 31, 2024.
dengan 31 Mei 2024.
48. PENERBITAN KEMBALI LAPORAN KEUANGAN 48. REISSUANCE OF THE FINANCIAL STATEMENTS
Sehubungan dengan rencana Perusahaan untuk In connection with the Company’s plan to conduct
melakukan Penambahan Modal dengan memberikan Capital Increase with Pre-emptive Rights V (PMHMETD
Hak Memesan Efek Terlebih Dahulu V (PMHMETD V), V), the Company reissued its consolidated financial
Perusahaan menerbitkan kembali laporan keuangan statements, which comprise of the consolidated
konsolidasiannya, yang terdiri dari laporan posisi statements of financial position as of December 31,
keuangan konsolidasian pada tanggal 31 Desember 2025 and 2024, and the consolidated statements of
2025 dan 2024, serta laporan laba rugi dan penghasilan profit or loss and other comprehensive income,
komprehensif lain konsolidasian, laporan perubahan consolidated statements of changes in equity and
ekuitas konsolidasian dan laporan arus kas consolidated statements of cash flows for the years
konsolidasian untuk tahun yang berakhir pada tanggal- ended December 31, 2025 and 2024, with changes and
tanggal 31 Desember 2025 dan 2024, dengan disertai additional disclosures in the consolidated financial
perubahan dan penambahan pengungkapan atas statements as follows:
laporan keuangan konsolidasian sebagai berikut:
134
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 608
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. PENERBITAN KEMBALI LAPORAN KEUANGAN 48. REISSUANCE OF THE FINANCIAL STATEMENTS
(Lanjutan) (Continued)
a. Penambahan nomor referensi dalam laporan a. Additional reference number in the consolidated
perubahan ekuitas konsolidasian yang merujuk pada statement of changes in equity to the notes to
catatan atas laporan keuangan konsolidasian. consolidated financial statements.
b. Penambahan nomor referensi dalam laporan arus b. Additional reference number in the consolidated
kas konsolidasian yang merujuk pada catatan atas statement of cash flows to the notes to consolidated
laporan keuangan konsolidasian. financial statements.
c. Penambahan pengungkapan pemilik manfaat c. Additional disclosure regarding the ultimate beneficial
terakhir Perusahaan owner of the Company.
d. Penambahan pengungkapan atas penjelasan untuk d. Additional disclosure regarding the nature of prepaid
beban dibayar dimuka - lain-lain. expenses - others.
e. Penambahan pengungkapan atas penjelasan untuk e. Additional disclosure regarding the nature of other
aset lancar lainnya - lain-lain. current assets - others.
f. Perubahan nama aset dalam pengerjaan menjadi f. Revision on the name of construction in progress.
aset dalam pembangunan.
g. Penambahan pengungkapan atas penjelasan untuk g. Additional disclosure regarding the nature of project
biaya pengembangan proyek - lain-lain. development costs- others.
h. Penambahan pengungkapan atas penjelasan untuk h. Additional disclosure regarding the nature of other
aset tidak lancar lainnya - lain-lain. non-current assets - others.
i. Perubahan nama aset dalam pengerjaan menjadi i. Revision on the interest rates of short-term loan
aset dalam pembangunan.
j. Penambahan pengungkapan atas rincian uang j. Additional disclosure regarding the details of
muka pelanggan. customer deposits.
k. Penambahan pengungkapan atas rincian syarat dan k. Additional disclosure of the details of the terms and
kondisi beberapa perjanjian pinjaman jangka conditions of several long-term loan agreements.
panjang.
l. Penambahan pengungkapan atas penjelasan untuk l. Additional disclosure regarding the nature of cost of
beban pokok pendapatan - lain-lain. revenues - others.
m. Penambahan pengungkapan atas penjelasan untuk m. Additional disclosure regarding the nature of
beban usaha - lain-lain. operating expenses - others.
n. Penambahan pengungkapan atas penjelasan untuk n. Additional disclosure regarding the nature of other
penghasilan (beban) lain-lain lainnya - lain-lain. income (charges) - others - others.
o. Penambahan pengungkapan atas perpajakan. o. Additional disclosure on taxation
p. Penambahan pengungkapan atas transaksi dengan p. Additional disclosure on transaction with related
pihak berelasi. parties.
q. Perubahan pengungkapan perjanjian dan ikatan q. Revisions on the disclosure of significant agreements
yang signifikan and commitments.
49. PERISTIWA SETELAH PERIODE PELAPORAN 49. EVENT AFTER THE REPORTING PERIOD
Pada tanggal 27 Februari 2026, Perusahaan telah On February 27, 2026, the Company held an
menyelenggarakan Rapat Umum Pemegang Saham Extraordinary General Meeting of Shareholders (EGMS)
Luar Biasa (RUPSLB) sebagaimana dinyatakan dalam as stated in Notarial Deed No. 61 by Humberg Lie, S.H.,
Akta Notaris No. 61 oleh Humberg Lie, S.H., S.E., M.Kn., S.E., M.Kn., whereby the shareholders, among others,
di mana para pemegang saham antara lain menyetujui: approved:
a. perubahan Pasal 4 ayat (1), (2) dan (3) Anggaran a. amendments to Article 4 paragraphs (1), (2), and (3)
Dasar Perusahaan sehubungan dengan perubahan of the Company’s Articles of Association in relation to
struktur permodalan Perusahaan pada struktur changes in the Company’s capital structure,
portepel saham dalam struktur permodalan; particularly the structure of shares in the authorized
capital;
b. rencana Perusahaan untuk melakukan Penambahan b. the Company’s plan to undertake a Capital Increase
Modal dengan Memberikan Hak Memesan Efek with Pre-emptive Rights (PMHMETD) to
Terlebih Dahulu (PMHMETD) kepada para shareholders;.
pemegang saham;
c. perubahan Pasal 4 ayat 1, 2 dan 3 Anggaran Dasar c. amendments to Article 4 paragraphs (1), (2), and (3)
Perusahaan sehubungan dengan perubahan dan of the Company’s Articles of Association in relation to
peningkatan modal ditempatkan dan disetor changes and increase in the Company’s issued and
Perusahaan; dan paid-up capital; and
d. perubahan Pasal 3 Anggaran Dasar Perusahaan d. amendments to Article 3 of the Company’s Articles of
guna disesuaikan dengan Klasifikasi Baku Lapangan Association to align with the 2025 Indonesian
Usaha IndonesiaTahun 2025 (KBLI 2025). Standard Industrial Classification (KBLI 2025).
135
606
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 609
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT BAKRIE & BROTHERS Tbk DAN ENTITAS ANAK PT BAKRIE & BROTHERS Tbk AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL- FOR THE YEARS ENDED
TANGGAL 31 DESEMBER 2025 DAN 2024 DECEMBER 31, 2025 AND 2024
(Angka dalam tabel disajikan dalam jutaan Rupiah, (Amounts in tables are expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
50. STANDAR AKUNTANSI KEUANGAN YANG BELUM 50. FINANCIAL ACCOUNTING STANDARDS NOT YET
DITERAPKAN ADOPTED
Ikatan Akuntan Indonesia (IAI) telah menerbitkan The Indonesian Institute of Accountants (IAI) has issued
Standar Akuntansi Keuangan yang belum berlaku efektif Financial Accounting Standards that are not yet effective
untuk periode tahun buku yang dimulai pada tanggal for annual periods beginning on January 1, 2025.
1 Januari 2025. Namun, penerapan dini diperkenankan. However, earlier application is permitted.
Amendemen Standar Akuntansi Keuangan (PSAK) yang The amendment to Statements of Financial Accounting
telah diterbitkan dan berlaku efektif untuk periode tahun Standards (PSAK) issued and effective for annual
buku yang dimulai pada atau setelah tanggal 1 Januari periods beginning on or after January 1, 2026 is as
2026 adalah sebagai berikut: follows:
- Amendemen PSAK 109, “Instrumen Keuangan” dan - Amendments to PSAK 109, “Financial Instruments”
PSAK 107, “Instrumen Keuangan: Pengungkapan” and PSAK 107, “Financial Instruments: Disclosure”
tentang klasifikasi dan pengukuran instrumen about classification and measurement of financial
keuangan. instruments.
Grup sedang mempelajari dampak yang mungkin timbul The Group is evaluating the potential impact on the
dari penerapan SAK tersebut terhadap laporan consolidated financial statements as a result of the
keuangan konsolidasian. adoption of such SAK.
136
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Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 610
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
608
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Page 611
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
609
Pengelolaan Sumber Daya Manusia Laporan Pelaksanaan Tanggung Jawab Sosial Informasi Tambahan Laporan Keuangan
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Corporate Governance Social and Environmental
Implementation Report Responsibility
Page 612
FORWARD MOMENTUM
PT BAKRIE & BROTHERS TBK | L APOR AN TAHUNAN TERINTEGR ASI 2025 - INTEGRATED ANNUAL REPORT 2025
PT Bakrie & Brothers Tbk
Bakrie Tower, lantai 35 – 37,
Rasuna Epicentrum Complex
Jl. H.R Rasuna Said
Jakarta 12940, Indonesia
Tel : (62 21) 2991 2222
610
Profil Perusahaan Ikhtisar Utama Laporan Dewan Komisaris dan Direksi Analisis dan Pembahasan Manajemen
Corporate Profile Main Highlights Report from the Board of Commissioners Management’s Discussion & Analysis
& the Board of Directors
Names mentioned 193 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT BAKRIE
· Ketua
p.1 ×165
unresolved
org
BROTHERS TBK
p.1 ×126
unresolved
person
Fungsi Organ Pendukung
· Komisaris
p.6
unresolved
org
Fountain City Investment Ltd
p.11 ×4
unresolved
org
Eurofa Capital Investment Inc
p.11 ×3
unresolved
—
[SEOJK C.3]
p.11
unresolved
org
Indonesia Stock Exchange
p.11 ×4
unresolved
org
PT Bakrie Building Industries.
p.13
unresolved
org
PT Bakrie Tosanjaya
p.13
unresolved
org
PT Bakrie Autoparts
p.13 ×12
unresolved
org
PT Bakrie Indo Plantations
p.14
unresolved
org
PT Bakrie Corrugated Metal Indonesia
p.14
unresolved
org
PT VKTR Teknologi
p.15 ×3
unresolved
org
PT VKTR Teknologi Railway International Group.
p.15
unresolved
person
H. Achmad Achmad Bakrie
p.16
unresolved
person
Vice
· Wakil Direktur Utama
p.20 ×4
unresolved
org
PT BAKRIE INDO INFRASTRUCTURE
p.22
unresolved
org
PT MODULA SUSTAINABILITY INDONESIA
p.22
unresolved
org
PT KREASINDO JAYA UTAMA
p.22
unresolved
org
GOLDEN SANDS OASIS LTD
p.22
unresolved
org
PT BAKRIE PIPE INDUSTRIES
p.23 ×96
unresolved
org
PT SOUTH EAST ASIA PIPE BMI
p.23
unresolved
org
PT BAKRIE CONSTRUCTION
p.23 ×7
unresolved
org
PT SULUH ARDHI ENGINEERING
p.23
unresolved
org
PT BRAJA MUKTI CAKRA
p.23 ×13
unresolved
org
PT BAKRIE PIPELINE INDONESIA
p.23
unresolved
org
PT BINA USAHA MANDIRI MIZUSAWA
p.23 ×7
unresolved
org
PT BAKRIE KOMPONEN MOBILITAS
p.23
unresolved
org
PT VKTR SAKTI INDUSTRIES
p.23
unresolved
org
PT GRAHA MULTIMEDIA NUSANTARA
p.23
unresolved
org
PT SARANA EKOMOBILITAS
p.23
unresolved
org
PT CIPTA WISESA
p.23 ×2
unresolved
org
PT STARBIT TECHNOLOGY
p.23
unresolved
org
PT MULTI KONTROL NUSANTARA
p.23 ×6
unresolved
org
PT MODULA TIGA
p.23 ×2
unresolved
org
PT BAKRIE GAS
p.23 ×2
unresolved
org
PT BAKRIE DARMAKARYA ENERGI
p.23
unresolved
org
PT BAKRIE GASINDO UTAMA
p.23
unresolved
org
PT KUALA TANJUNG POWER
p.23
unresolved
org
PT BAKRIE JAVA ENERGY
p.23
unresolved
org
PT HELIO SYNAR ENERGI
p.23
unresolved
org
PT ENERGAS DAYA PRATAMA
p.23
unresolved
org
PT BAKRIE ENERGI TRANSISI
p.23
unresolved
org
PT BAKRIE SOLAR ENERGI BP
p.23
unresolved
org
PT BAKRIE POWER
p.23 ×8
unresolved
org
PT BANGUN INFRASTRUKTUR NUSANTARA
p.23
unresolved
org
PT BAKRIE OIL
p.23 ×2
unresolved
org
PT BAKRIE TELCO INFRASTRUCTURE
p.23
unresolved
org
PT BAKRIE PORT INDONESIA
p.23
unresolved
org
PT BAKRIE MINA TIRTA
p.23 ×2
unresolved
org
PT BAKRIE MINA BAHARI
p.23
unresolved
org
PT Bakrie Indo
p.24
unresolved
org
PT Bakrie Steel
p.24 ×2
unresolved
org
PT Kreasindo Jaya
p.24
unresolved
org
PT Modula
p.24
unresolved
org
Oasis Ltd
p.24
unresolved
org
PT Bakrie Pipe
p.24 ×15
unresolved
org
Mobilitas Tbk
p.24
unresolved
org
PT Suluh Ardhi
p.25
unresolved
org
PT Bakrie Pipeline
p.25 ×2
unresolved
org
PT Bakrie Gasindo
p.25
unresolved
org
PT Bakrie Java
p.25
unresolved
org
PT Energas Daya
p.25
unresolved
org
PT Bangun
p.25
unresolved
org
PT Bakrie Telco
p.25
unresolved
org
PT Bakrie Toll
p.25
unresolved
org
PT Bakrie Port
p.25
unresolved
org
PT Bakrie Mina Tirta Perdagangan
p.25
unresolved
org
PT Multi Kontrol
p.26 ×3
unresolved
org
PT VKTR Sakti
p.26
unresolved
org
PT Sarana
p.26
unresolved
org
PT South East Asia
p.26 ×3
unresolved
org
PT Braja Mukti
p.26
unresolved
org
PT Bina
p.26
unresolved
org
PT Bakrie Komponen
p.26
unresolved
org
PT Kuala Tanjung
p.28
unresolved
org
PT Helio Synar
p.28
unresolved
org
PT Bakrie Energi
p.28
unresolved
org
PT Bakrie Solar
p.28
unresolved
org
PT Bakrie Mina
p.28
unresolved
org
PT Cimanggis
p.28
unresolved
org
PT Graha Multimedia
p.28
unresolved
org
PT Starbit
p.28
unresolved
org
PT KT V ES N B AR R
p.43
unresolved
org
PT KT V ES N RI JU FE
p.43
unresolved
person
Adika Aryasthana Bakrie
· Komisaris
p.47 ×5
unresolved
person
Hendrajanto Marta Sakti
· Direktur
p.47
unresolved
person
Kartini Sally
· Direktur
p.47
unresolved
org
OWNERSHIP TOTAL SHARE PERCENTAGE PORT FRASER INTERNATIONAL LTD
p.47 ×2
unresolved
org
LEGACY TIMES INTERNATIONAL LIMITED
p.48
unresolved
org
PT Yanmar Diesel Indonesia Appreciation Certificate Medium
p.51
unresolved
org
PT Yanmar Diesel Indonesia FEB RUA RI
p.51
unresolved
org
PT Yanmar Madya Kota Bekasi
p.51
unresolved
org
PT YADIN
p.51 ×10
unresolved
org
PT Yanmar Autoparts
p.51
unresolved
org
PT Bakrie Autoparts QCC Activity Fy
p.51
unresolved
org
PT Yanmar Diesel Indonesia
p.51 ×3
unresolved
org
PT McConnell Dowell
p.52
unresolved
org
PT McConnell Dowell Indonesia
p.52
unresolved
org
PT Bakrie On
p.52
unresolved
org
Ministry of Environment
p.52
unresolved
org
Pusat Statistik Republik Indonesia Appreciation Certificate
p.52
unresolved
org
Ministry of Environment & Forestry.
p.53 ×2
unresolved
org
Yayasan Bakrie Amanah. Amanah
p.54
unresolved
org
PT Isuzu Astra Appreciation Certificate Medium
p.55
unresolved
org
PT Isuzu
p.55 ×4
unresolved
org
PT Braja
p.55 ×4
unresolved
org
PT Isuzu Astra Motor Indonesia Appreciation Certificate
p.55
unresolved
org
PT Isuzu Astra Motor Indonesia FEB RUA RI
p.55
unresolved
org
PT Isuzu Astra Motor Indonesia
p.55 ×3
unresolved
org
PT Isuzu Astra
p.56
unresolved
org
PT Yanmar Diesel Indonesia Motor Indonesia
p.56
unresolved
org
PT Yanmar
p.56
unresolved
org
PT Bina Usaha Mandiri Mizusawa Mukti Cakra
p.56
unresolved
org
PT Yanmar On
p.56
unresolved
org
PT Panasonic Manufacturing Indonesia Appreciation Certificate
p.56
unresolved
org
PT Panasonic Manufacturing Indonesia M E I
p.56
unresolved
org
PT Panasonic Manufacturing Indonesia
p.56 ×2
unresolved
org
PT Multi Kontrol Nusantara Team
p.57
unresolved
org
PT Bina Usaha Mandiri
p.57 ×3
unresolved
org
PT Bina Usaha Mandiri Mizusawa Ring D
p.57
unresolved
org
PT Komatsu Indonesia.
p.57 ×2
unresolved
org
PT Multi
p.57
unresolved
org
PT Multi Kontrol Nusantara Site KPC Sangatta
p.57 ×2
unresolved
org
PT PLN
p.58 ×68
unresolved
org
Teknologi Mobilitas Tbk
p.58 ×14
unresolved
org
PT South
p.58 ×2
unresolved
org
PT PLN ICON
p.58
unresolved
org
PT PLN ICON Plus SBU West Java. V
p.58
unresolved
org
PT Sucofindo
p.60 ×4
unresolved
org
Menteri Ketenagakerjaan Republik Plates
p.63
unresolved
org
Menteri Ketenagakerjaan Republik Quality Evaluation
p.63
unresolved
org
PT Bakrie Steel Pipes
p.63 ×2
unresolved
org
Kementerian Perindustrian
p.68 ×3
unresolved
org
Ministry of Industry
p.68 ×3
unresolved
org
Kementerian Perindustrian Republik Indonesia
p.68
unresolved
org
PT Bakrie Tiang Baja JTM
p.73
unresolved
org
Ministry of Industry of Republic
p.75
unresolved
org
Menteri Ketenagakerjaan Republik Indonesia
p.75 ×2
unresolved
org
PT Multi Kontrol Certificate
p.78
unresolved
org
PT South East Asia Pipe Industries
p.80 ×4
unresolved
org
PT South East Asia Pipe
p.80
unresolved
org
PT South East Pipe Industries
p.80 ×2
unresolved
org
PT VKTR Teknologi Mobilitas Pipe Industries
p.81
unresolved
org
PT Laksana Bus Manufaktur
p.82
unresolved
org
PT Legal Directorate
p.82
unresolved
org
RS & Partners
p.82
unresolved
org
Kementerian Pekerjaan Umum One Day Seminar
p.84
unresolved
org
Kementerian Pekerjaan Umum
p.84
unresolved
person
Deddy Kurnia
p.84 ×2
unresolved
person
Ismail Widadi
p.84 ×2
unresolved
org
Kementerian PU.
p.84
unresolved
person
Bagaswara Ramadhan
p.84 ×2
unresolved
person
Firman Ode Wijaya
p.84 ×2
unresolved
org
Ministry of Public Works
p.84
unresolved
org
Ministry of Public Works. In
p.84
unresolved
org
PT Southeast Asia Pipe Industries.
p.85 ×2
unresolved
org
PT VKTR Sakti Products Specification Knowledge
p.86
unresolved
org
PT VKTR This
p.86
unresolved
org
PT Modula Tiga Dimensi
p.88 ×2
unresolved
org
PT Karoseri Girder
p.90
unresolved
org
Kementerian Tenaga Kerja
p.90
unresolved
org
Ministry of Manpower’s
p.90
unresolved
org
PT ICCT
p.92
unresolved
person
Adrian T.P. Panggabean
· Komisaris Independen
p.103 ×2
unresolved
person
YAMIN
· Komisaris Independen
p.104
unresolved
org
PT Asuransi Ikrar
p.106
unresolved
org
PT Asuransi Bersujud
p.106
unresolved
org
PT Arm
p.106 ×2
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