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Page 1
PT Mitra Pinasthika Mustika Tbk


  2025
  Laporan Tahunan
  Annual Report
Page 2
       Pengantar             Ikhtisar Kinerja                Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
       Introduction          Performance Highlights          Management Report            Company Profile           Business Support Overview




Daftar Isi
Table of Contents


Pengantar                                       Visi dan Misi                        48        Tinjauan Pendukung
                                                Vision and Mission
Introduction                                                                                   Bisnis
                                                Nilai-Nilai Perusahaan               48
Sanggahan dan Batasan                     2     Corporate Values                               Business Support
Tanggung Jawab
Disclaimer and Limitation of                    Filosofi Logo Perusahaan             50        Overview
Liability                                       Company Logo Philosophy                        Sumber Daya Manusia                    80
                                                Kegiatan Usaha                       51        Human Resources
Tentang MPM                               3
About MPM                                       Business Activities                            Teknologi Informasi                    91
                                                Produk dan Jasa                      53        Information Technology
Keunggulan Kompetitif                     3
                                                Products and Services
Competitive Advantages                                                                         Analisis dan Pembahasan
                                                Wilayah Operasional                  54
Kesinambungan Tema                        4
                                                Operational Areas
                                                                                               Manajemen
Thematic Continuity
                                                Struktur Organisasi                  56
                                                                                               Management Discussion
Ikhtisar Kinerja                                Organizational Structure                       and Analysis
Performance Highlights                          Daftar Keanggotaan Asosiasi          57        Tinjauan Makroekonomi                 100
Ikhtisar Keuangan                         8     List of Association Memberships                Macroeconomic Overview
Financial Highlights                                                                           Tinjauan Industri                     101
                                                Profil Dewan Komisaris               58
Grafik Ikhtisar Keuangan                10      Board of Commissioners Profile                 Industry Overview
Financial Highlights Graph                                                                     Tinjauan Operasional per Segmen       102
                                                Profil Direksi                       64
Ikhtisar Saham                          11      Board of Directors Profile                     Operasi
Shares Highlights                                                                              Operational Review by Business
                                                Komposisi Pemegang Saham             67
                                                                                               Segment
Aksi Korporasi                          12      Shareholder Composition
Corporate Actions                                                                              Tinjauan Keuangan                     105
                                                Struktur Pemegang Saham Utama        71
                                                                                               Financial Review
Penghentian Sementara                   12      dan Pengendali
Perdagangan Saham (Suspension)                  Structure of Major and Controlling             Kemampuan Membayar Utang              110
dan/atau Pembatalan Pencatatan                  Shareholders                                   Ability to Meet Obligations
Saham (Delisting)                                                                              Tingkat Kolektibilitas Piutang        111
                                                Struktur Grup                        72
Suspension of Share Trading and/                                                               Receivables Collectibility Level
                                                Group’s Structure
or Delisting
                                                Informasi Entitas Induk              73        Struktur Modal dan Kebijakan          111
Peristiwa Penting 2025                  13                                                     Permodalan
                                                Information on Parent Entity
2025 Key Events                                                                                Capital Structure and Capital
                                                Entitas Anak dan Entitas Asosiasi    74
Penghargaan dan Sertifikasi             17                                                     Management Policy
                                                Subsidiaries and Associates
Awards and Certifications                                                                      Ikatan Material untuk Investasi       112
                                                Kronologi Pencatatan Saham           76
                                                                                               Barang Modal
Laporan Manajemen                               Chronology of Share Listing
                                                                                               Material Commitments for Capital
Management Report                               Kronologi Pencatatan Efek Lainnya    76        Expenditure
Laporan Dewan Komisaris                 24      Listing Chronology of Other
                                                                                               Realisasi Investasi Barang Modal      112
Board of Commissioners' Report                  Securities
                                                                                               Realization of Capital Expenditure
Laporan Direksi                         32      Informasi Penggunaan Jasa            77
                                                                                               Informasi dan Fakta Material          113
Board of Directors' Report                      Akuntan Publik dan Kantor Akuntan
                                                                                               Setelah Tanggal Pelaporan
                                                Publik
Tanggung Jawab atas Laporan             41                                                     Material Information and
                                                Information on the Use of Public
Tahunan                                                                                        Subsequent Events
                                                Accountant and Public Accounting
Responsibility for the Annual Report            Firm Services                                  Prospek Usaha                         113
                                                                                               Business Outlook
Profil Perusahaan                               Lembaga dan Profesi Penunjang        77
                                                Pasar Modal                                    Perbandingan Target dan Realisasi     114
Company Profile                                 Capital Market Supporting                      Tahun 2025
Identitas Perusahaan                    44      Institutions and Professions                   Comparison Between Targets and
Company Identity                                                                               Realization for 2025
Riwayat Singkat                         45                                                     Proyeksi Tahun 2026                   114
Brief History                                                                                  2026 Projections
Jejak Langkah                           46                                                     Aspek Pemasaran                       114
Milestone                                                                                      Marketing Aspects
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        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan           Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance             Environmental and Social Responsibility




Kebijakan dan Pembagian Dividen      116     Penilaian Kinerja Dewan Komisaris   159       Kebijakan Pengungkapan Informasi 207
Dividend Policy and Distribution             dan Direksi                                   Kepemilikan Saham Anggota Dewan
                                             Performance Assessment of the                 Komisaris dan Direksi
Realisasi Penggunaan Dana Hasil      116
                                             Board of Commissioners and the                Information Disclosure Policy on
Penawaran Umum
                                             Board of Directors                            Shareholdings of the Board of
Realization of Proceeds from the
                                                                                           Commissioners and the Board of
Public Offering                              Remunerasi Dewan Komisaris dan      161
                                                                                           Directors
                                             Direksi
Informasi Material Terkait Investasi, 117
                                             Remuneration of the Board of                  Kebijakan Pemberian Pinjaman        207
Ekspansi, Divestasi, Penggabungan/
                                             Commissioners and the Board of                kepada Anggota Direksi dan Dewan
Peleburan Usaha, Akuisisi, dan
                                             Directors                                     Komisaris
Restrukturisasi Utang/Modal
                                                                                           Policy on Loans to Members of the
Material Information Related to              Kompensasi Manajemen Inti           162
                                                                                           Board of Directors and the Board of
Investment, Expansion, Divestment,           Key Management Compensation
                                                                                           Commissioners
Merger/Consolidation, Acquisition,
                                             Komite Audit                        163
and Debt/Capital Restructuring                                                             Whistleblowing System                    208
                                             Audit Committee
                                                                                           Whistleblowing System
Informasi Transaksi Material yang 117
                                             Komite Nominasi dan Remunerasi      170
Mengandung Benturan Kepentingan                                                            Kebijakan Anti-Korupsi dan Anti-         209
                                             Nomination and Remuneration
Material Transactions Containing                                                           Fraud
                                             Committee
Conflicts of Interest                                                                      Anti-Corruption and Anti-Fraud
                                             Komite Tata Kelola Perusahaan       174       Policy
Informasi Transaksi dengan Pihak     117
                                             Good Corporate Governance
Berelasi (Transaksi Afiliasi)                                                              Kebijakan Pencegahan Insider             210
                                             Committee
Related Party Transactions                                                                 Trading dan Manajemen Benturan
(Affiliated Transactions)                    Sekretaris Perusahaan               177       Kepentingan
                                             Corporate Secretary                           Prevention of Insider Trading and
Perubahan Peraturan Perundang-       118
                                             Divisi Hubungan Investor            180       Conflict of Interest Management
undangan yang Berdampak
                                             Investor Relations Division                   Policy
Signifikan pada Perseroan
Changes in Laws and Regulations              Unit Audit Internal                 182       Kebijakan Seleksi dan Peningkatan        210
with Significant Impacts on the              Internal Audit Unit                           Kemampuan Pemasok
Company                                                                                    Vendor Selection and Capacity
                                             Sistem Pengendalian Internal        187       Building Policy
Perubahan Kebijakan Akuntansi        118     Internal Control System
Changes in Accounting Policies                                                             Penerapan atas Pedoman Tata      211
                                             Auditor Eksternal                   189       Kelola Perusahaan Terbuka
Tata Kelola Perusahaan                       External Auditor                              Implementation of Public Company
Corporate Governance                         Tim Manajemen Risiko                190       Governance Guidelines

Implementasi Prinsip Tata Kelola     122     Risk Management Team                          Pernyataan dan Praktik Bad               217
Perusahaan                                   Sistem Manajemen Risiko             192       Corporate Governance
Implementation of Corporate                  Risk Management System                        Statement and Practices of Bad
Governance Principles                                                                      Corporate Governance
                                             Perkara Penting                     203
Peta Arah GCG                        124     Significant Cases                             Tanggung Jawab Sosial
GCG Roadmap
                                             Sanksi Administratif                203       dan Lingkungan Hidup
Penilaian Penerapan GCG              125     Administrative Sanctions
GCG Implementation Assessment
                                                                                           Environmental and Social
                                             Kode Etik                           204
Struktur Tata Kelola Perusahaan      127     Code of Ethics
                                                                                           Responsibility
Corporate Governance Structure                                                             Tanggung Jawab Sosial dan                220
                                             Program Kepemilikan Saham           205
                                                                                           Lingkungan Hidup
Rapat Umum Pemegang Saham            127     oleh Karyawan
                                                                                           Social and Environmental
General Meeting of Shareholders              Employee Stock Ownership
                                                                                           Responsibility
Dewan Komisaris                      139     Kebijakan Pemberian Insentif        206
Board of Commissioners                       Jangka Panjang Kepada Direksi                 Laporan Keuangan
Direksi                              150     dan/atau Personel Manajemen Inti              Financial Statements
Board of Directors                           Long-Term Incentive Policy for
                                             the Board of Directors and/or Key
Kebijakan Keberagaman Komposisi 158          Management Personnel
Dewan Komisaris dan Direksi
Policy on Diversity of Board of
Commissioners and Board of
Directors




                                                                                                         PT Mitra Pinasthika Mustika Tbk
                                                                                                                     2025 Annual Report    1
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            Pengantar            Ikhtisar Kinerja         Laporan Manajemen         Profil Perusahaan       Tinjauan Pendukung Bisnis
            Introduction         Performance Highlights   Management Report         Company Profile         Business Support Overview




    Sanggahan dan Batasan Tanggung Jawab
    Disclaimer and Limitation of Liability


    Laporan Tahunan 2025 PT Mitra Pinasthika Mustika                The 2025 Annual Report of PT Mitra Pinasthika Mustika
    Tbk (selanjutnya disebut “Perseroan,” “MPMX,” atau              Tbk (hereinafter referred to as the “Company,” “MPMX,”
    “MPM”) disusun untuk memenuhi kewajiban pelaporan               or “MPM”) has been prepared to fulfill the Company’s
    kinerja Perseroan selama periode 1 Januari 2025                 reporting obligations on its performance for the period from
    hingga 31 Desember 2025 kepada regulator dan para               January 1, 2025, to December 31, 2025, to regulators and
    pemangku kepentingan. Penyusunan laporan ini merujuk            stakeholders. This report has been prepared in accordance
    pada Peraturan Otoritas Jasa Keuangan Nomor 29/                 with the Financial Services Authority Regulation
    POJK.04/2016 tentang Laporan Tahunan Emiten atau                Number 29/POJK.04/2016 on Annual Reports of Issuers
    Perusahaan Publik, dengan muatan konten sesuai Surat            or Public Companies, with content aligned to the Financial
    Edaran Otoritas Jasa Keuangan Nomor 16/SEOJK.04/2021            Services Authority Circular Number 16/SEOJK.04/2021
    mengenai Bentuk dan Isi Laporan Tahunan Emiten atau             concerning the Form and Content of Annual Reports of
    Perusahaan Publik.                                              Issuers or Public Companies.

    Laporan ini juga menyajikan informasi terkait Entitas           The report also provides information regarding the
    Anak dan Entitas Asosiasi Perseroan, antara lain:               Company’s Subsidiaries and Associates, including:
    PT Mitra Pinasthika Mulia (“MPMulia”); PT Asuransi              PT Mitra Pinasthika Mulia (“MPMulia”); PT Asuransi
    Mitra Pelindung Mustika (“MPMInsurance”); PT Mitra              Mitra Pelindung Mustika (“MPMInsurance”); PT Mitra
    Pinasthika Mustika Rent (“MPMRent”); dan PT JACCS               Pinasthika Mustika Rent (“MPMRent”); and PT JACCS
    Mitra Pinasthika Mustika Finance Indonesia (“JACCS              Mitra Pinasthika Mustika Finance Indonesia (“JACCS
    MPMFinance Indonesia”).                                         MPMFinance Indonesia”).

    Dalam Laporan Tahunan ini, Perseroan menyampaikan               In this Annual Report contains statements concerning the
    pernyataan mengenai tujuan, kebijakan, rencana,                 Company’s objectives, policies, plans, strategies, as well
    strategi, serta hasil operasional dan keuangan,                 as operational and financial results, based on verifiable
    yang disusun berdasarkan data faktual yang dapat                factual data. In addition, it presents forward-looking
    dipertanggungjawabkan. Selain itu, laporan ini memuat           information regarding the Company’s projected activities
    informasi prospektif mengenai proyeksi kegiatan                 for the upcoming year, prepared based on assumptions
    Perseroan di tahun mendatang, yang disusun atas dasar           about the Company’s future conditions and the business
    asumsi-asumsi terkait kondisi Perseroan dan lingkungan          environment. Actual results may differ materially from
    bisnisnya. Perlu dicatat bahwa realisasi di masa depan          these projections. Therefore, stakeholders are advised to
    dapat berbeda secara material dari proyeksi yang                exercise caution and use this information prudently when
    disampaikan. Oleh karena itu, pemangku kepentingan              making decisions.
    disarankan untuk menggunakan informasi ini dengan
    bijak dalam pengambilan keputusan.




    PT Mitra Pinasthika Mustika Tbk
2   Laporan Tahunan 2025
Page 5
        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis           Corporate Governance              Environmental and Social Responsibility




Tentang MPM
About MPM


38 Tahun Membangun Solusi Otomotif Terintegrasi
38 Years of Building Integrated Automotive Solutions

Selama lebih dari tiga dekade, Perseroan telah berkembang            For more than three decades, the Company has continued to grow
melalui proses inovasi dan transformasi berkelanjutan. Ekspansi      through ongoing innovation and transformation. Expansion has
dilakukan ke berbagai lini usaha yang saling mendukung untuk         been carried out across various mutually supportive business
menghadirkan solusi serta layanan otomotif yang terintegrasi.        lines to deliver comprehensive and integrated automotive
                                                                     solutions and services.


Ragam produk dan jasa yang ditawarkan mencakup distribusi            The range of products and services offered includes the
sepeda motor dan suku cadang, penjualan serta penyewaan              distribution of motorcycles and spare parts, the sale and
kendaraan roda empat, layanan asuransi umum, hingga                  rental of four-wheel vehicles, general insurance services, and
pembiayaan multiguna, yang seluruhnya dirancang untuk                multipurpose financing—each designed to meet customers’
memenuhi kebutuhan pelanggan secara menyeluruh.                      needs in a holistic manner.




Keunggulan Kompetitif
Competitive Advantages




Pengalaman lebih dari 38 tahun di            Jaringan operasional luas yang tersebar       Manajemen profesional dengan
industri otomotif Indonesia.                 di seluruh wilayah Indonesia.                 pengalaman mendalam di sektor
More than 38 years of experience in the      Extensive operational network spanning        otomotif.
                                             regions across Indonesia.                     Professional management team with
Indonesian automotive industry.
                                                                                           deep expertise in the automotive sector.




Ekosistem otomotif yang lengkap dan          Fondasi keuangan yang solid dan
saling terintegrasi.                         pendekatan bisnis yang berorientasi
Comprehensive and integrated                 jangka panjang.
automotive ecosystem.                        A solid financial foundation and long-term
                                             oriented business approach.




                                                                                                         PT Mitra Pinasthika Mustika Tbk
                                                                                                                     2025 Annual Report    3
Page 6
            Pengantar            Ikhtisar Kinerja         Laporan Manajemen         Profil Perusahaan         Tinjauan Pendukung Bisnis
            Introduction         Performance Highlights   Management Report         Company Profile           Business Support Overview




    Kesinambungan Tema
    Thematic Continuity




                                                                                          2025

                                                                     Strategic Moves towards
                                                                       a Sustainable Future




    Tahun 2025 menjadi fase penting bagi Perseroan dalam            The year 2025 marked an important phase for the
    memperkuat fondasi pertumbuhan jangka panjang di                Company in strengthening the foundation for long-term
    tengah dinamika industri dan perubahan lingkungan               growth amid industry dynamics and changes in the
    bisnis. Perseroan secara konsisten menempuh langkah-            business environment. The Company has consistently
    langkah strategis yang terintegrasi melalui penguatan           undertaken integrated strategic initiatives by enhancing
    sinergi antar unit usaha, pengembangan portofolio               synergy among business units, developing new business
    bisnis baru, serta inovasi produk dan layanan yang              portfolios, and continuing the innovation both in products
    relevan dengan kebutuhan pasar. Upaya ini didukung              and services that were aligned with market needs. These
    oleh penerapan praktik manajemen terbaik dan tata               efforts were supported by the implementation of best
    kelola perusahaan yang baik, penguatan kapabilitas              management practices and good corporate governance,
    organisasi, serta kemampuan beradaptasi yang tinggi             the strengthening of organizational capabilities, and a
    guna membangun bisnis yang berkelanjutan, tangguh,              high level of adaptability to build a sustainable, resilient,
    dan berdaya saing.                                              and competitive business.

    Seiring dengan pengembangan bisnis, Perseroan                   In line with its business development, the Company
    mengintegrasikan penguatan sumber daya manusia dan              integrated enhancement of human capital and digital
    transformasi digital ke dalam strategi pengembangan             transformation into its corporate development strategy.
    perusahaan. Perseroan berfokus pada pengembangan                The Company also focused on capability development,
    kapabilitas, regenerasi kepemimpinan, dan perencanaan           leadership regeneration, and sustainable succession
    suksesi yang berkelanjutan, sekaligus membangun                 planning, while fostering a disciplined, adaptive, and
    budaya kerja yang disiplin, adaptif, dan berorientasi           innovation-oriented work culture. The utilization of
    pada inovasi. Pemanfaatan teknologi, termasuk                   technology, including the accelerated adoption of artificial
    percepatan adopsi kecerdasan artifisial, diarahkan untuk        intelligence, is directed at enhancing efficiency, scalability,
    meningkatkan efisiensi, skalabilitas, dan keunggulan            and operational excellence, enabling the Company to
    operasional, sehingga Perseroan mampu menciptakan               create sustainable long-term value for all stakeholders.
    nilai jangka panjang yang berkelanjutan bagi seluruh
    pemangku kepentingan.




    PT Mitra Pinasthika Mustika Tbk
4   Laporan Tahunan 2025
Page 7
       Analisis dan Pembahasan Manajemen         Tata Kelola Perusahaan         Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis        Corporate Governance           Environmental and Social Responsibility




                         2024                                                           2023
Integrating Strengths to Grow Sustainably                        Thriving in Sustainable Transformation

Perseroan senantiasa berupaya mendorong pertumbuhan              Perseroan terus melakukan transformasi yang
yang berkelanjutan melalui keunggulan layanan, inovasi           berkesinambungan dalam meraih perkembangan usaha
digital, dan kolaborasi strategis. Sebagai perusahaan            yang sehat dan berkelanjutan. Fokus area pengembangan
konsumer otomotif dan transportasi terkemuka di                  Perseroan meliputi peningkatan sistem teknologi infor-
Indonesia, Perseroan mengintegrasikan kekuatan entitas           masi dan digitalisasi yang mendukung operasional bisnis
anaknya untuk memberikan solusi yang tepat dalam                 dan customer experience, peningkatan pengelolaan arus
memenuhi kebutuhan pelanggan yang terus berkembang               kas yang sehat, perluasan kemitraan usaha dan pangsa
sekaligus menciptakan nilai jangka panjang bagi para             pasar, serta pengelolaan manajemen risiko secara pru-
pemangku kepentingan.                                            dent. Tak kalah pentingnya, Perseroan juga meningkatkan
                                                                 kualitas pengelolaan aspek lingkungan, sosial, dan tata
Berlandaskan pada tujuan untuk masa depan yang                   kelola secara terintegrasi.
berkelanjutan, Perseroan memanfaatkan transformasi
digital untuk meningkatkan layanan, mengoptimalkan               The Company constantly performs transformation to
operasi, dan membina kemitraan yang dapat membuka                achieve healthy and sustainable business development.
peluang pertumbuhan. Berkomitmen untuk terus maju,               The Company’s focus areas for development include
Perseroan beradaptasi dengan gesit, dan memastikan               improving information technology system and digitali-
setiap langkahnya selaras dengan pertumbuhan yang                zation that support business operations and customer
berkelanjutan dan kesuksesan bersama para pemangku               experience, improving healthy cash flow management,
kepentingan.                                                     expanding business partnerships and market share, and
                                                                 managing risk prudently. No less important, the Company
The Company is committed to achieving sustainable                also improves the management quality of environmental,
growth through service excellence, digital innovation, and       social, and governance aspects in an integrated manner.
strategic partnerships. As a leading consumer automotive
and transportation company in Indonesia, the Company
integrates the strengths of its subsidiaries to deliver
tailored solutions that address evolving customer needs
while creating long-term value for its stakeholders.

With a focus on building a sustainable future, the Company
harnesses digital transformation to enhance services,
optimize operations, and cultivate partnerships to unlock
growth opportunities. Dedicated to progressing forward,
the Company adapts swiftly to ensure that every action
aligns with its goals of sustainable growth and shared
success with all stakeholders.



                                                                                                  PT Mitra Pinasthika Mustika Tbk
                                                                                                              2025 Annual Report    5
Page 8
Ikhtisar
Kinerja
Performance Highlights




     Perseroan tetap menerapkan
     prinsip pengelolaan keuangan
     yang prudent untuk menjaga
     stabilitas kinerja di tengah
     fluktuasi ekonomi.

     The Company continued to
     implement prudent financial
     management principles to maintain
     performance stability amidst the
     economic fluctuations.
Page 9

          
Page 10
            Pengantar                Ikhtisar Kinerja                   Laporan Manajemen               Profil Perusahaan              Tinjauan Pendukung Bisnis
            Introduction             Performance Highlights             Management Report               Company Profile                Business Support Overview




    Ikhtisar Keuangan
    Financial Highlights


    Sebagaimana diungkapkan dalam Catatan No. 34 Laporan                            As disclosed in Note No. 34 to the audited Consolidated Financial
    Keuangan Konsolidasian yang telah diaudit, Perseroan                            Statements, the Company has adopted PSAK 117: Insurance
    telah mengadopsi PSAK 117: Kontrak Asuransi efektif sejak                       Contracts effective January 1, 2025. The restatement of the
    1 Januari 2025. Penyajian kembali laporan keuangan tersebut                     financial statements reflects the impact of the implementation
    mencerminkan dampak penerapan PSAK 117, serta penyesuaian                       of PSAK 117, as well as other adjustments deemed necessary
    lain yang dianggap diperlukan dalam rangka penyajian yang                       to ensure a more accurate and reliable presentation. The effects
    lebih tepat dan andal. Pengaruh penyajian kembali ini tercermin                 of this restatement are reflected in the financial statements as
    pada laporan keuangan untuk posisi tanggal 1 Januari 2024 dan                   of January 1, 2024 and December 31, 2024, as well as in the
    31 Desember 2024, serta untuk kinerja keuangan tahun yang                       financial performance for the year ended December 31, 2024, as
    berakhir pada 31 Desember 2024, sebagaimana disajikan pada                      presented in the following financial highlights tables:
    tabel-tabel ikhtisar keuangan berikut:


    (dalam jutaan Rupiah, kecuali dinyatakan khusus) | (in millions of Rupiah, unless otherwise specified)


                                                                                    31 Desember |      31 Desember |         1 Januari |        31 Desember |
    Uraian | Description                                                              December           December             January             December
                                                                                        2025                 2024*            2024*                2023

    Laporan Posisi Keuangan Konsolidasian
    Consolidated Statements of Financial Position
    Jumlah Aset | Total Assets                                                          8.534.616            8.690.942        8.217.279            8.599.026
    Aset Lancar | Current Assets                                                        4.184.692             4.445.462        3.959.948           3.459.490
    Aset Tidak Lancar | Non-Current Assets                                              4.349.924             4.245.480        4.257.331           5.139.536
    Jumlah Liabilitas | Total Liabilities                                               2.552.204            2.660.635        2.266.565            2.487.113
    Liabilitas Jangka Pendek | Current Liabilities                                      2.485.789             2.614.877        2.208.405           1.844.592
    Liabilitas Jangka Panjang | Non-Current Liabilities                                     66.415              45.758            58.160             642.521
    Jumlah Ekuitas | Total Equity                                                       5.982.412            6.030.307        5.950.714            6.111.913
    Ekuitas yang Dapat Diatribusikan kepada: | Equity Attributable to:
       Pemilik Entitas Induk | Owners of the Company                                    5.982.351             6.030.248        5.950.661           6.111.860
       Kepentingan Nonpengendali | Non-controlling Interest                                      61                  59                    53              53
    Jumlah Liabilitas dan Ekuitas | Total Liabilities and Equity                        8.534.616            8.690.942        8.217.279            8.599.026
    *Disajikan kembali/As restated


                                                                                                        31 Desember |       31 Desember |       31 Desember |
    Uraian | Description                                                                                  December            December            December
                                                                                                              2025            2024*                 2023

    Operasi yang Dilanjutkan | Continuing Operations
    Pendapatan Neto | Net Revenues                                                                           16.152.176      16.385.270           13.859.071
    Biaya Pokok Pendapatan | Cost of Revenues                                                            (14.791.090)        (15.046.730)        (12.643.838)
    Laba Bruto | Gross Profit                                                                                1.361.086        1.338.540            1.215.233
    Beban Usaha | Operating Expenses                                                                           (938.818)        (908.917)           (894.149)
    Pendapatan Lainnya | Other Income                                                                          271.158           275.225             177.728
    Beban Lainnya | Other Expenses                                                                              (19.251)          (14.641)            (21.095)
    Laba Usaha | Operating Profit                                                                              674.175           690.207             477.717
    Pendapatan Keuangan | Finance Income                                                                       141.330           149.131             111.397
    Biaya Keuangan | Finance Costs                                                                              (53.316)          (51.998)             (1.609)

    *Disajikan kembali/As restated


    PT Mitra Pinasthika Mustika Tbk
8   Laporan Tahunan 2025
Page 11
        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan       Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance         Environmental and Social Responsibility




                                                                                   31 Desember |   31 Desember |     31 Desember |
Uraian | Description                                                                 December        December          December
                                                                                      2025            2024*             2023

Pendapatan Keuangan Neto | Net Finance Income                                            88.014          97.133           109.788
Bagian atas (Rugi) Laba Entitas Asosiasi | Share of (Loss) Profit of Associates        (156.206)         (74.971)           45.977
Laba Sebelum Pajak | Profit Before Tax                                                 605.983          712.369           633.482
Beban Pajak Penghasilan | Income Tax Expense                                           (146.362)        (142.313)        (109.753)
Laba Neto dari Operasi yang Dilanjutkan | Net Profit from Continuing Operations        459.621          570.056           523.729
Laba Neto dari Operasi yang Dihentikan | Net Profit from Discontinued Operations          2.296            2.233             1.909
Laba Tahun Berjalan | Profit for the Year                                              461.917          572.289           525.638
Penghasilan Komprehensif Lain, setelah Pajak Penghasilan                                  7.578            5.928            (4.371)
Other Comprehensive Income, Net of Income Tax
Jumlah Penghasilan Komprehensif | Total Comprehensive Income                           469.495          578.217           521.267
Laba yang Dapat Diatribusikan kepada: | Profit Attributable to:
   Pemilik Entitas Induk | Owners of the Company                                        461.895         572.267           525.621
   Kepentingan Nonpengendali | Non-controlling interests                                     22               22                 17
Jumlah Penghasilan Komprehensif yang Dapat Diatribusikan kepada:
Total Comprehensive Income Attributable to:
   Pemilik Entitas Induk | Owners of the Company                                        469.473          578.195           521.250
   Kepentingan Nonpengendali | Non-controlling interests                                      22               22                 17
Laba per Saham Dasar (dalam Rupiah penuh)                                                    105              131                120
Basic Earnings per Share (in whole Rupiah)
Laba per Saham Dasar dari Operasi yang Dilanjutkan (dalam Rupiah penuh)                      105              130                120
Basic Earnings per Share from Continuing Operations (in whole Rupiah)
*Disajikan kembali/As restated




                                                                                   31 Desember |   31 Desember |     31 Desember |
Uraian | Description                                                                 December        December          December
                                                                                      2025            2024*             2023

Margin Laba Bruto (%) | Gross Profit Margin (%)                                              8,4              8,2                8,8

Margin Laba Usaha (%) | Operating Profit Margin (%)                                          4,2              4,2                3,4

Margin Laba Tahun Berjalan (%) | Profit for the Year Margin (%)                              2,9              3,5                3,8

Rasio Laba Tahun Berjalan terhadap Jumlah Aset (%) | Return on Assets (%)                    5,4              6,6                6,0

Rasio Laba Tahun Berjalan terhadap Jumlah Ekuitas (%) | Return on Equity (%)                 7,7              9,4                8,5

Rasio Kas (x) | Cash Ratio (x)                                                               0,7              0,7                0,9

Rasio Lancar (x) | Current Ratio (x)                                                         1,7              1,7                1,9

Rasio Solvabilitas | Solvency Ratio

Rasio Jumlah Liabilitas terhadap Jumlah Aset (x)                                             0,3              0,3                0,3
Total Liabilities to Total Assets Ratio (x)

Rasio Jumlah Liabilitas terhadap Jumlah Ekuitas (x )                                         0,4              0,4                0,4
Total Liabilities to Total Equity Ratio (x)

Tingkat Perputaran Jumlah Aset (x) | Total Assets Turnover (x)                               1,9              1,9                1,6
*Disajikan kembali/As restated




                                                                                                      PT Mitra Pinasthika Mustika Tbk
                                                                                                                  2025 Annual Report    9
Page 12
                   Pengantar                 Ikhtisar Kinerja                     Laporan Manajemen                      Profil Perusahaan                                Tinjauan Pendukung Bisnis
                   Introduction              Performance Highlights               Management Report                      Company Profile                                  Business Support Overview




     Grafik Ikhtisar Keuangan
     Financial Highlights Graph


     (dalam jutaan Rupiah, kecuali dinyatakan khusus) | (in millions of Rupiah, unless otherwise specified)

     Jumlah Aset                                                                            Jumlah Liabilitas
     Total Assets                                                                           Total Liabilities
                                                  8.690.942




                                                                      8.534.616
     8.599.026




                              8.217.279




                                                                                                                                                      2.660.635
                                                                                              2.487.113




                                                                                                                                                                                  2.552.204
                                                                                                                         2.266.565

        31 Desember |              1 Januari |      31 Desember |     31 Desember |           31 Desember |                    1 Januari |            31 Desember |              31 Desember |
          December                  January           December          December                December                        January                 December                   December
            2023                     2024*              2024*             2025                    2023                           2024*                    2024*                      2025



     Jumlah Ekuitas                                                                         Pendapatan Neto
     Total Equity                                                                           Net Revenue
                                                                                                                                      16.385.270




                                                                                                                                                                  16.152.176
                                                                                                          13.859.071
       6.111.913




                                                  6.030.307




                                                                      5.982.412
                             5.950.714




        31 Desember |              1 Januari |      31 Desember |     31 Desember |                                    2023                        2024*                       2025
          December                  January           December          December
            2023                     2024*              2024*             2025

     *Disajikan kembali/As restated




     PT Mitra Pinasthika Mustika Tbk
10   Laporan Tahunan 2025
Page 13
        Analisis dan Pembahasan Manajemen                          Tata Kelola Perusahaan                Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis                         Corporate Governance                  Environmental and Social Responsibility




Ikhtisar Saham
Shares Highlights


                                                                                                           Jumlah Saham
                      Harga              Harga             Harga                                                                        Kapitalisasi
                                                                         Volume Perdagangan                 yang Beredar
                     Tertinggi         Terendah          Penutupan                                                                        Pasar
   Periode                                                               (Ribu Lembar Saham)              (Lembar Saham)
                     Highest            Lowest            Closing                                                                         Market
   Period                                                                   Trading Volume               Total Outstanding
                       Price             Price             Price                                                                       Capitalization
                                                                         (Thousand of Shares)                  Shares
                       (Rp)               (Rp)              (Rp)                                                                           (Rp)
                                                                                                        (Number of Shares)
                                                                                2025
Triwulan I
                          995               920              990                105.361.500               4.462.963.276             4.418.333.643.240
Quarter I
Triwulan II
                         1.115              920              965                448.663.500               4.462.963.276             4.306.759.561.340
Quarter II
Triwulan III
                          985               925              935                205.877.000               4.386.963.276             4.101.810.663.060
Quarter III
Triwulan IV
                          980               920              965                151.732.400               4.386.963.276             4.233.419.561.340
Quarter IV
                                                                                2024
Triwulan I
                         1.095             1.000           1.035                939.474.700               4.462.963.276             4.619.166.990.660
Quarter I
Triwulan II
                         1.080              915              965                518.411.900               4.462.963.276             4.306.759.561.340
Quarter II
Triwulan III
                         1.055              960            1.025                279.862.600               4.462.963.276             4.574.537.357.900
Quarter III
Triwulan IV
                         1.050              965              985                174.091.400               4.462.963.276             4.396.018.826.860
Quarter IV




Pergerakan Harga Saham 2025
Stock Price Movement in 2025

   1.200                                                                                                                                      60.000.000




   1.000                                                                                                                                      50.000.000




     800                                                                                                                                      40.000.000




     600                                                                                                                                      30.000.000




     400                                                                                                                                      20.000.000




     200                                                                                                                                      10.000.000




       0       Jan/Jan    Feb/Feb   Mar/Mar    Apr/Apr     Mei/May    Jun/Jun     Jul/Jul   Agu/Aug   Sep/Sep   Okt/Oct   Nov/Nov   Des/Dec             0

                    Harga Penutupan (Rp)           Volume Perdagangan (lembar saham)
                    Closing Price (Rp)             Trading Volume (shares)




                                                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                                                                         2025 Annual Report    11
Page 14
             Pengantar            Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan        Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights       Management Report          Company Profile          Business Support Overview




     Aksi Korporasi
     Corporate Actions


     Pada tahun 2025, Perseroan melakukan Aksi Korporasi yang            In 2025, the Company undertook a Corporate Action that
     menyebabkan terjadinya perubahan pada saham berupa                  resulted in changes to its share capital through a reduction in
     pengurangan modal ditempatkan dan disetor Perseroan,                the Company’s issued and paid-up capital, from 4,462,963,276
     yang sebelumnya sebesar 4.462.963.276 saham atau senilai            shares or Rp2,231,481,638,000 to 4,386,963,276 shares or
     Rp2.231.481.638.000 menjadi sebesar 4.386.963.276 saham             Rp2,193,481,638,000, with the following details:
     atau senilai Rp2.193.481.638.000 dengan rincian sebagai berikut:


     Tanggal Persetujuan Rapat Umum Pemegang Saham Tahunan                                                27 Mei 2025
     Date of Approval by the Annual General Meeting of Shareholders                                       27 May 2025
     Jenis Saham yang Mengalami Pengurangan Modal                                                         Saham Treasuri
     Type of Shares Subject to Capital Reduction                                                          Treasury Shares
     Nominal Saham                                                                                        Rp500
     Share Par Value
     Jumlah Sebelum Pengurangan Modal Ditempatkan dan Disetor                                             4.462.963.276 saham/shares
     Total Shares Before Issued and Paid-Up Capital Reduction
     Jumlah Pengurangan Modal Ditempatkan dan Disetor                                                     76.000.000 saham/shares
     Amount of Capital Reduction
     Jumlah Saham Setelah Pengurangan Modal Ditempatkan dan Disetor                                       4.386.963.276 saham/shares
     Total Shares After Issued and Paid-Up Capital Reduction
     Tanggal Efektif Jumlah Saham Tercatat Setelah Pengurangan Modal Ditempatkan dan Disetor 8 Agustus 2025
     Effective Date of Recorded Shares After Issued and Paid-Up Capital Reduction            8 August 2025




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


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




     PT Mitra Pinasthika Mustika Tbk
12   Laporan Tahunan 2025
Page 15
        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Peristiwa Penting 2025
2025 Key Events


                   JANUARI | JANUARY                                                    FEBRUARI | FEBRUARY




MPMInsurance kembali mempertahankan peringkat A+ dari                 Grup MPM diakui sebagai The Best Company for Environmental
Fitch Ratings, yang mencerminkan keunggulan operasional               Innovation in Energy Efficiency Solutions & The Best Company
perusahaan serta komitmen berkelanjutan dalam menyediakan             for Climates Change Initiatives Focused on Carbon Emission
perlindungan yang andal bagi seluruh pelanggan.                       Reduction dalam ajang Indonesia Sustainability Award (ISA).

MPMInsurance once again secured an A+ rating from Fitch               MPM Group was recognized as The Best Company for
Ratings, reflecting the company's operational excellence and          Environmental Innovation in Energy Efficiency Solutions & The
its ongoing commitment to delivering reliable protection for all      Best Company for Climates Change Initiatives Focused on Carbon
customers.                                                            Emission Reduction at the Indonesia Sustainability Award (ISA).




                 FEBRUARI | FEBRUARY                                                        MARET | MARCH




MPMulia mendapatkan penghargaan sebagai Main Dealer                   MPMRent menorehkan dua pencapaian penting dengan meraih
Terbaik dari Astra Honda Motor (AHM) dalam implementasi               Indonesia Digital Popular Brand Awards 2025 atas peningkatan
Program Corporate Social Responsibility (CSR).                        visibilitas di industri transportasi, serta dinobatkan sebagai Top
                                                                      Contributor of Fleet Customer oleh PT Astra Daihatsu Motor
MPMulia received an award as the Best Main Dealer from Astra          (ADM), yang menempatkan MPMRent di jajaran Top 5 Best
Honda Motor (AHM) for its implementation of the Corporate             Customers.
Social Responsibility Program.
                                                                      MPMRent achieved two significant milestones by receiving the
                                                                      Indonesia Digital Popular Brand Awards 2025 for its increased
                                                                      visibility in the transportation industry and being recognized as
                                                                      Top Contributor of Fleet Customers by PT Astra Daihatsu Motor
                                                                      (ADM), placing MPMRent among the Top 5 Best Customers.




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                                      2025 Annual Report    13
Page 16
             Pengantar            Ikhtisar Kinerja                  Laporan Manajemen          Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights            Management Report          Company Profile           Business Support Overview




                                   APRIL                                                                MEI | MAY




     PT Balai Lelang Astra Nara Jaya (AUKSI) menjalin kolaborasi              Perseroan menyelenggarakan Rapat Umum Pemegang Saham
     strategis bersama Direktorat Jenderal Kekayaan Negara                    Tahunan yang membahas dan memutuskan 6 (enam) agenda,
     (DJKN) Jawa Timur dengan mengadakan pelelangan dan resmi                 termasuk menetapkan pembagian dividen tunai kepada
     menerima izin operasional Kantor Perwakilan AUKSI di Surabaya.           pemegang saham.

     PT Balai Lelang Astra Nara Jaya (AUKSI) established a strategic          The Company convened its Annual General Meeting of
     collaboration with the Directorate General of State Assets (DJKN)        Shareholders, at which 6 (six) agenda items were discussed and
     of East Java through the conduct of auction activities and officially    resolved, including the approval of cash dividend distribution to
     receive of the operational license for AUKSI Representative Office       shareholders.
     in Surabaya.


                               JUNI | JUNE                                                             JULI | JULY




     Instruktur dan Advisor Safety Riding MPMulia sukses                      Perseroan memperoleh penghargaan dalam ajang Human Capital
     mempertahankan posisi Juara Nasional dan terpilih mewakili               on Resilience Excellence Award (HCREA) atas komitmennya
     Indonesia dalam ajang kompetisi Safety Riding tingkat Asia               dalam mengembangkan Sumber Daya Manusia dan transformasi
     Oceania.                                                                 digital.

     MPMulia Safety Riding Instructor and Advisor successfully                The Company received an award at Human Capital on Resilience
     retained their position as National Champions and were selected          Excellence Award (HCREA) in recognition of its commitment to
     to represent Indonesia in the Asia Oceania Safety Riding                 Human Capital development and digital transformation.
     Competition.




     PT Mitra Pinasthika Mustika Tbk
14   Laporan Tahunan 2025
Page 17
       Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan           Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis          Corporate Governance             Environmental and Social Responsibility




                       JULI | JULY                                                    AGUSTUS | AUGUST




MPMulia melanjutkan dukungan terhadap klub sepak bola              Perseroan kembali melanjutkan program rehabilitasi mangrove
Persebaya dengan menjadi mitra sponsor resmi untuk musim           dan menuntaskan penanaman 100.000 bibit di lahan konservasi
kompetisi Super League 2025/2026.                                  seluas 10 hektare di Desa Golo Sepang, Nusa Tenggara Timur.

MPMulia maintained its support for the Persebaya football          The Company continued its mangrove rehabilitation program and
club as an official partner for the 2025/2026 Super League         completed the planting of 100,000 seedlings across a 10-hectare
competition season.                                                conservation area in Golo Sepang Village, East Nusa Tenggara.




                  AGUSTUS | AUGUST                                                    AGUSTUS | AUGUST




Perseroan memberikan dukungan dan berpartisipasi dalam             Siswa SMKN 1 Jenangan Ponorogo binaan MPMulia berhasil
Turnamen Padel Nasional di Surabaya.                               meraih Juara I kategori Motorcycle Repair & Maintenance pada
                                                                   ajang lomba Kompetensi Siswa Nasional.
The Company provided support and participated in the National
Padel Tournament at Surabaya.                                      Students from SMKN 1 Jenangan Ponorogo, fostered by MPMulia,
                                                                   achieved First Place in the Motorcycle Repair & Maintenance
                                                                   category at the National Student Competency Competition.


                       SEPTEMBER
                                                                   Perseroan menerima penghargaan untuk kategori Best Rights and
                                                                   Equitable Treatment of Shareholders dan diakui sebagai salah
                                                                   satu dari Top 50 Middle Capitalization Public Listed Companies
                                                                   pada ajang 16th IICD Corporate Governance Conference and
                                                                   Award.

                                                                   The Company received the Best Rights and Equitable Treatment
                                                                   of Shareholders award and was recognized as one of the Top 50
                                                                   Middle Capitalization Public Listed Companies at the 16th IICD
                                                                   Corporate Governance Conference and Award.




                                                                                                      PT Mitra Pinasthika Mustika Tbk
                                                                                                                  2025 Annual Report    15
Page 18
             Pengantar            Ikhtisar Kinerja            Laporan Manajemen          Profil Perusahaan        Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights      Management Report          Company Profile          Business Support Overview




                               SEPTEMBER                                                  OKTOBER | OCTOBER




     MPMRent berhasil mempertahankan Sertifikat ISO 22301:2019          MPMRent resmi memperoleh Sertifikasi ISO 27001:2022, sebagai
     Business Continuity Management System yang semakin                 wujud komitmennya dalam menjaga keamanan informasi yang
     menegaskan komitmennya terhadap sistem operasional yang            dikelola oleh perusahaan.
     kompeten, efektif dan terukur.
                                                                        MPMRent officially obtained ISO 27001:2022 Certification as a
     MPMRent has successfully maintained the ISO 22301:2019             testament to its commitment to safeguarding critical company
     Business Continuity Management System Certification, further       information.
     reinforcing its commitment to a competent, effective and well
     measured operational system.



                            OKTOBER | OCTOBER                                                    NOVEMBER




     MPMInsurance merayakan hari jadi yang ke-13 dengan capaian         Perseroan menandai perjalanan ke-38 tahun dengan mengusung
     penting, yaitu dinobatkan sebagai The Best Performance General     tema “Unleashing Synergy”, sebagai cerminan komitmen untuk
     Insurance 2025 untuk kategori perusahaan asuransi dengan           memperkuat kolaborasi, mengintegrasikan kapabilitas lintas
     ekuitas antara Rp500 miliar hingga Rp1 triliun dari media          bisnis dan menghadirkan nilai yang berkelanjutan bagi seluruh
     The Finance (grup Infobank).                                       pemangku kepentingan.

     MPMInsurance celebrated its 13th anniversary with a significant    The Company marked its 38th anniversary by adopting the theme
     achievement, having been awarded The Best Performance              “Unleashing Synergy”, reflecting its commitment to strengthening
     General Insurance 2025 in the category of insurance companies      collaboration, integrating cross-business capabilities, and
     with equity ranging from Rp500 billion to Rp1 trillion by          delivering sustainable value to all stakeholders.
     The Finance (Infobank group).




                       DESEMBER | DECEMBER

                                                                        AUKSI merilis AUKSI App untuk mempermudah akses dan proses
                                                                        lelang bagi pelanggan.


                                                                        AUKSI launched AUKSI App to simplify auction access and
                                                                        process for customers.




     PT Mitra Pinasthika Mustika Tbk
16   Laporan Tahunan 2025
Page 19
        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis           Corporate Governance               Environmental and Social Responsibility




Penghargaan dan Sertifikasi
Awards and Certifications


Penghargaan
Awards

  PT Mitra Pinasthika Mustika Tbk




Indonesia Top Digital PR Award 2025          Indonesia Best Digital Awards 2025 in          Indonesia Sustainability Award 2025
                                             Specialty Retail for Integrated Business       › The Best Company for Environmental
11 Februari/February 2025                    Operations and Digital Document                  Innovation in Energy Efficiency
                                             Management System                                Solutions
INFOBRAND.ID dan TRAS N CO Indonesia                                                        › The Best Company for Climates
INFOBRAND.ID and TRAS N CO Indonesia         19 Februari/February 2025                        Change Initiatives Focused on Carbon
                                                                                              Emission Reduction
                                             Plus Idea Komunika bersama JakTV               › The Best Leadership Committed to ESG
                                             Plus Idea Komunika in collaboration with         Implementation Program - Beatrice
                                             JakTV                                            Kartika, CFO MPM Group

                                                                                            20 Februari/February 2025

                                                                                            First Indonesia Magazine




Human Capital On Resilience Excellence
Award 2025
› The Best Digital Transformation,
› The Best Sustainable Development and
  Decent Jobs
› The Best Inclusive Human Capital
  Development
› The Best CEO Committed to HC of the
  Year 2025 - Suwito Mawarwati, CEO          50 Popular PR Person Awards 2025               6th Indonesia PR Popular Companies
  MPM Group                                  - Natalia Lusnita, GM Corporate                Awards 2025 in Consumer Automotive
                                             Communication & Sustainability                 Category
24 Juli/July 2025
                                             8 Agustus/August 2025                          8 Agustus/August 2025
First Indonesia Magazine
                                             The Iconomics                                  The Iconomics




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                                      2025 Annual Report    17
Page 20
             Pengantar                                                                                                                                           Ikhtisar Kinerja                                   Laporan Manajemen            Profil Perusahaan        Tinjauan Pendukung Bisnis
             Introduction                                                                                                                                        Performance Highlights                             Management Report            Company Profile          Business Support Overview




                                                PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year




                                                         Certificate                          is proudly
                                                                                             presented to:



                          PT MiTRA PinAsTHikA MusTikA, Tbk
                                    ProgrAM: CoMMUNICAtINg PUrPose, AMPlIfyINg IMPACt



                                                                                                          As
                                                  PR PROGRAM OF THE YEAR 2025
                                                    CAtegory: esg CAMPAIgN ProgrAM
                                                      (BoArd of JUdges AssessMeNt)
                                                                                 PredICAte: Very good




                                                                                    Jakarta, August 14th, 2025




                                                                                                Kemal E. Gani
                                                                                       Chairman of SWA Media Group




                 PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year PR of the Year




     PR Program of the Year 2025 - ESG                                                                                                                                                                  The 16th IICD Corporate Governance            Top Corporate Award 2025 - Good
     Campaign Program Category                                                                                                                                                                          Conference and Award                          Performing Public Company Based on
                                                                                                                                                                                                        › Best Rights and Equitable Treatment of      Digital Corporate Brand Awareness,
     14 Agustus/August 2025                                                                                                                                                                               Shareholders                                Revenue, and Nett Profit Aspects
                                                                                                                                                                                                        › Top 50 Middle Capitalization Public
     MIX Marcomm                                                                                                                                                                                          Listed Company                              7 Oktober/October 2025
                                                                                                                                                                                                        15 September 2025                             INFOBRAND.ID dan TRAS N CO Indonesia
                                                                                                                                                                                                        Indonesian Institute for Corporate            INFOBRAND.ID and TRAS N CO Indonesia
                                                                                                                                                                                                        Directorship




     Top Executive Award 2025 - Suwito Mawarwati, CEO MPM Group                                                                                                                                                                Asia Sustainability Reporting Rating (ASSRAT) - Silver Rank with
     - Good Leader of the Year                                                                                                                                                                                                 an "In Accordance" rating

     7 Oktober/October 2025                                                                                                                                                                                                    28 November 2025

     INFOBRAND.ID dan TRAS N CO Indonesia                                                                                                                                                                                      National Center for Corporate Reporting (NCCR)
     INFOBRAND.ID and TRAS N CO Indonesia



           PT Mitra Pinasthika Mulia




     Juara 1 Public Relation PR Honda Award                                                                                                                                                                                  Main Dealer Terbaik 1 Program CSR 2024, CSR Awarding
     First Place - Public Relations, Honda PR Award                                                                                                                                                                          Best Main Dealer for CSR Program 2024, CSR Awarding

     Januari/January 2025                                                                                                                                                                                                    Februari/February 2025

     PT Astra Honda Motor (AHM)                                                                                                                                                                                              PT Astra Honda Motor (AHM)


     PT Mitra Pinasthika Mustika Tbk
18   Laporan Tahunan 2025
Page 21
          Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan          Tanggung Jawab Sosial dan Lingkungan Hidup
          Management Discussion and Analysis           Corporate Governance            Environmental and Social Responsibility




      The 16th Astra Honda Safety Riding
      Instructors Competition (AHSRIC) 2025 -
      Multiple-category Winner

      15-18 Juni/June 2025

      PT Astra Honda Motor (AHM)




                                                               Radar Surabaya Award 2025 - Perusahaan Otomotif dengan
                                                               Komitmen CSR Pendidikan Berkelanjutan
                                                               An Automotive Company Committed to Sustainable
                                                               Education CSR

                                                               31 Juli/July 2025

                                                               Radar Surabaya

  PT Asuransi Mitra Pelindung Mustika




Maipark Award 2025 - Cedant Best               Predikat “Sangat Bagus” selama 10 tahun     Infobank Insurance Awards
Sessions Premium Growth in 2024                berturut-turut                              • The Best Performance General
                                               Rated “Very Good” 10 Years in a row            Insurance Company - In Equity Class
6 Mei/May 2025                                                                                IDR 500 billion to 1 trillion
                                               14 Juli/July 2025                           • General Insurance with Consistent
Maipark
                                                                                              Excellent Performance for 10
                                               Infobank
                                                                                              Consecutive Years (2015-2025)

                                                                                           1 Agustus/August 2025

                                                                                           Infobank




                   Indonesia Best Insurance Award 2025-               The Best Performing General Insurance
                   Indonesia Best General Insurance 2025              2025 Based on Financial Performance
                   for Implementing Effective Strategy to             2022-2024 - General Insurance Category
                   Create Positive Performance                        with Equity Rp500 Billion Less Than Rp1
                                                                      Trillion
                   27 Agustus/August 2025
                                                                      28 Oktober/October 2025
                   Warta Ekonomi
                                                                      The Finance


                                                                                                         PT Mitra Pinasthika Mustika Tbk
                                                                                                                     2025 Annual Report    19
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             Pengantar            Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights         Management Report          Company Profile           Business Support Overview




       PT Mitra Pinasthika Mustika Rent




                                                      Indonesia Digital Popular Brand Award 2025

                                                      20 Maret/March 2025

                                                      INFOBRAND.ID




     Penghargaan Perusahaan Nihil                    Penghargaan Panitia Pembina                   Penghargaan Panitia Pembina
     Kecelakaan Kerja ”Zero Accident” Tingkat        Keselamatan dan Kesehatan Kerja “P2K3”        Keselamatan dan Kesehatan Kerja “P2K3”
     Provinsi Banten PT Mitra Pinastika              Tingkat Provinsi Banten untuk PT Mitra        Tingkat Provinsi Banten untuk
     Mustika Rent                                    Pinastika Mustika Rent                        PT Dayakarya Solusi Sejati
     Banten Provincial Zero Accident Award for       Banten Provincial P2K3 (Occupational          Banten Provincial P2K3 (Occupational
     PT Mitra Pinastika Mustika Rent                 Health and Safety Committee) Award for        Health and Safety Committee) Award for
                                                     PT Mitra Pinastika Mustika Rent               PT Dayakarya Solusi Sejati
     23 April 2025
                                                     23 April 2025                                 23 April 2025
     Pemerintah Provinsi Banten
     Banten Provincial Government                    Pemerintah Provinsi Banten                    Pemerintah Provinsi Banten
                                                     Banten Provincial Government                  Banten Provincial Government




                                                     Jakarta Investment Award 2025
                                                     - Kontribusi Realisasi Investasi
                                                     Terbesar Tahun 2024 pada Sektor
                                                     Perdagangan dan Reparasi
                                                     (Penanaman Modal Dalam Negeri)
                                                     Jakarta Investment Award 2025 -
                                                     Largest Contribution to Investment
                                                     Realization in 2024 in the Trade and
                                                     Repair Sector (Domestic Investment)           Penghargaan Pelaku Usaha dengan Nilai
                                                                                                   Realisasi Investasi Tertinggi
                                                     10 November 2025
                                                                                                   Award for Business Actors with the
                                                     Pemerintah Provinsi DKI Jakarta               Highest Investment Realization Value
                                                     Government of DKI Jakarta Province
                                                                                                   23 Desember/December 2025

                                                                                                   Pemerintah Provinsi Banten
                                                                                                   Banten Provincial Government



     PT Mitra Pinasthika Mustika Tbk
20   Laporan Tahunan 2025
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       Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis            Corporate Governance               Environmental and Social Responsibility




Sertifikasi
Certifications


                                Sertifikasi                                    Badan Sertifikasi              Masa Berlaku
 No.
                               Certifications                                 Certification Agency            Validity Period

                                                PT Mitra Pinasthika Mustika Tbk

  1    ISO/IEC 27001:2022                                              NQA Global Certification         29 Januari/January 2026
       Information Security Management Systems                         Body

                                                PT Mitra Pinasthika Mustika Rent

  1    ISO/IEC 27001:2022 Information Security Management NQA Global Certification                      29 Januari/January 2026
       Systems

  2    ISO 9001: 2015 - Rent Car including General Workshop PT TÜV NORD Indonesia                       3 Mei/May 2026
       for Vehicle General Repair and Body Repair

  3    ISO 9001: 2015 - Provision of Manpower Services PT TÜV NORD Indonesia                            13 Agustus/August 2028
       including Driver Management and Office Support

  4    ISO 45001: 2018 - Provision of Manpower Services PT TÜV NORD Indonesia                           13 Agustus/August 2028
       including Driver Management and Office Support

  5    ISO 22301:2019 Business Continuity Management PT TÜV NORD Indonesia                              16 Oktober/October 2027
       System

  6    ISO 14001: 2015 - Rent Car including General Workshop PT TÜV NORD Indonesia                      15 Agustus/August 2028
       for Vehicle General Repair and Body Repair

  7    SMK3 (Sistem Manajemen Kesehatan dan Keselamatan PT Biro Klasifikasi                             5 Agustus/August 2027
       Kerja)   Kementerian      Ketenagakerjaan     Republik Indonesia
       Indonesia
       SMK3 (Occupational Health and Safety Management
       System) Certification from the Ministry of Manpower of
       the Republic of Indonesia

  8    ISO 45001:2018 - Rent Car including General Workshop PT TÜV NORD Indonesia                       15 Agustus/August 2027
       for Vehicle General Repair and Body Repair

  9    SMK3 Kementerian Ketenagakerjaan Republik Indonesia PT Biro Klasifikasi                          15 Agustus/August 2027
       - Rental Kendaraan termasuk general workshop untuk Indonesia
       perbaikan umum dan perbaikan body kendaraan
       Occupational Health and Safety Management System
       (SMK3) Certification from the Ministry of Manpower of
       the Republic of Indonesia for Vehicle Rental Services,
       including a General Workshop for Standard Repairs and
       Bodywork Services




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                                      2025 Annual Report    21
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             Pengantar            Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




     Laporan
     Manajemen
     Management Report




                            Sepanjang tahun 2025,
                            kinerja Perseroan
                            mencerminkan penyesuaian
                            terhadap dinamika pasar
                            yang semakin kompleks.

                            Throughout 2025, the Company’s
                            performance reflected
                            adjustments to increasingly
                            complex market dynamics.




     PT Mitra Pinasthika Mustika Tbk
22   Laporan Tahunan 2025
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Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan   Tanggung Jawab Sosial dan Lingkungan Hidup
Management Discussion and Analysis   Corporate Governance     Environmental and Social Responsibility




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             Pengantar            Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




     Laporan Dewan Komisaris
     Board of Commissioners' Report




                    Dewan Komisaris
                    mengapresiasi kinerja
                    Direksi yang solid dan
                    menunjukkan resiliensi tinggi
                    dalam mengelola Perseroan
                    sepanjang tahun 2025.

                    The Board of Commissioners has
                    appreciated the Board of Directors for
                    demonstrating a solid performance
                    and strong resilience in managing the
                    Company throughout 2025.




                    Edwin Soeryadjaya
                    Komisaris Utama
                    President Commissioner




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        Management Discussion and Analysis           Corporate Governance              Environmental and Social Responsibility




Para Pemegang Saham yang terhormat,                                  Dear Shareholders,


Mengawali laporan ini, izinkan saya memanjatkan Puji dan             Please allow me to begin this report by sending gratitude to
syukur ke hadirat Tuhan Yang Maha Esa atas kelancaran                God Almighty for the smooth operations and achievements of
dan pencapaian Perseroan sepanjang tahun 2025. Tahun                 the Company throughout 2025. This year marks a pivotal phase
ini menjadi fase penting bagi Perseroan dalam memperkuat             for the Company in strengthening the foundation for long-term
fondasi pertumbuhan jangka panjang melalui langkah strategis         growth through integrated strategic initiatives, business portfolio
yang terintegrasi, pengembangan portofolio bisnis, dan inovasi       development, and service innovation aligned with evolving needs
layanan sesuai kebutuhan masyarakat.                                 of the society.


Selama hampir empat dekade membangun solusi otomotif                 Over nearly four decades of building integrated automotive
terintegrasi, saya menyaksikan bagaimana Perseroan senantiasa        solutions, I have witnessed the Company’s consistent adaptability
mampu beradaptasi terhadap perubahan dan terus berinovasi            to change and its continuous innovation in achieving sustainable
untuk mencapai pertumbuhan yang berkelanjutan.                       growth.


Di tengah dinamika ekonomi global yang penuh ketidakpastian,         Amid the global economic uncertainties, Indonesia’s economy
perekonomian Indonesia tetap menunjukkan ketahanan                   has continued to demonstrate solid resilience. Macroeconomic
yang solid. Stabilitas makroekonomi, pertumbuhan sektor              stability, growth in the trade and transportation sectors, and
perdagangan dan transportasi, serta kebutuhan mobilitas              the increasing mobility needs of the public have provided
masyarakat menjadi konteks penting bagi Perseroan dalam              an important context for the Company in conducting its
menjalankan kegiatan usaha sepanjang tahun. Sementara                business activities throughout the year. While the four-wheeled
industri otomotif roda empat mengalami tekanan permintaan,           automotive industry faced demand pressures, the motorcycle
pasar sepeda motor menunjukkan daya tahan yang positif,              market exhibited positive resilience, presenting opportunities for
memberikan peluang bagi Perseroan untuk menjaga kinerja dan          the Company to sustain its performance and continue delivering
layanan terbaik bagi masyarakat.                                     optimal services to the community.


Evaluasi atas Kinerja Direksi                                        Evaluation of the Board of Directors’ Performance

Dewan Komisaris mengapresiasi kinerja Direksi yang solid             The Board of Commissioners has appreciated the Board of
dan menunjukkan resiliensi tinggi dalam mengelola Perseroan          Directors for demonstrating solid performance and strong
sepanjang tahun 2025, di tengah tantangan makroekonomi dan           resilience in managing the Company throughout 2025, amid
perubahan pola permintaan pasar. Meskipun secara konsolidasi         the macroeconomic challenges and shifting market demand
pendapatan Perseroan tercatat sekitar 7,2% di bawah target awal      patterns. While on a consolidated basis, the Company’s revenue
dan Laba Bersih Setelah Pajak (NPAT) sekitar 22,5% di bawah          was recorded at approximately 7.2% below the initial target and
proyeksi, Dewan Komisaris menyambut baik langkah-langkah             Net Profit After Tax (NPAT) was around 22.5% below projections,
mitigasi yang telah diambil Direksi untuk menjaga fundamental        the Board of Commissioners appreciates the mitigation measures
bisnis dan stabilitas operasional.                                   undertaken by the Board of Directors to safeguard business
                                                                     fundamentals and maintain operational stability.


Dewan Komisaris mencatat bahwa Direksi secara aktif                  The Board of Commissioners also noted that the Board of
merumuskan strategi dan kebijakan yang terstruktur,                  Directors has actively formulated structured strategies and
mempertimbangkan dinamika industri, pasar, dan regulasi              policies, taking into account relevant industry, market, and
yang relevan. Integrasi prinsip keberlanjutan melalui aspek          regulatory dynamics. The integration of sustainability principles
Environmental, Social, and Governance (ESG) juga diapresiasi,        through Environmental, Social, and Governance (ESG) aspects
karena memastikan strategi yang dijalankan tidak hanya               deserves an acknowledgement, ensuring that the strategies
berfokus pada pertumbuhan, tetapi juga pada penciptaan nilai         pursued were not solely focused on growth, but also on the long-
jangka panjang.                                                      term value creation.




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             Pengantar            Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights        Management Report          Company Profile            Business Support Overview




     Dalam pelaksanaan strategi, Dewan Komisaris menyambut                In the strategy execution, the Board of Commissioners commends
     baik upaya Direksi untuk mendorong sinergi antar unit usaha,         the Board of Directors’ efforts in promoting synergy across
     menetapkan target yang jelas, serta menerapkan manajemen             business units, establishing clear targets, and implementing
     risiko yang memadai. Berbagai inisiatif strategis yang dijalankan    adequate risk management practices. We also applaud various
     patut diapresiasi, mulai dari penguatan rantai pasok dan program     strategic initiatives undertaken, ranging from the strengthening
     pemasaran bersama prinsipal di segmen distribusi dan ritel,          of supply chain and joint marketing programs with principals
     seleksi risiko yang lebih disiplin serta pengembangan kolaborasi     in the distribution and retail segment, to more disciplined risk
     produk di segmen asuransi, hingga optimalisasi platform digital      selection and the development of product collaboration in the
     di segmen rental dan lelang kendaraan serta penguatan kerangka       insurance segment, the optimization of digital platforms in the
     manajemen risiko kredit di segmen pembiayaan.                        vehicle rental and auction segment, as well as the reinforcement
                                                                          of credit risk management frameworks in the financing segment.


     Dewan Komisaris juga mengapresiasi komitmen Direksi dalam            The Board of Commissioners also express its appreciation for
     pengembangan kompetensi dan kepemimpinan karyawan                    the Board of Directors’ commitment to employee competency
     melalui program-program seperti Executive Coaching, Women            and leadership development through the implementation
     Executive Coaching, Mentoring Program, CREDO Ambassador,             of various programs, including Executive Coaching, Women
     dan Leadership Education and Development (LEAD), serta               Executive Coaching, Mentoring Program, CREDO Ambassador,
     peningkatan engagement melalui program MPM Wellness. Upaya           and Leadership Education and Development (LEAD), as well as
     ini dinilai berhasil membangun budaya organisasi yang adaptif,       efforts to enhance employee engagement through the MPM
     produktif, dan berfokus pada pencapaian tujuan strategis.            Wellness program. These initiatives were considered successful
                                                                          in fostering an adaptive, productive organizational culture which
                                                                          focused on achieving strategic objectives.


     Meskipun beberapa segmen menghadapi tekanan pasar, seperti           Although several business segments were exposed to market
     industri otomotif roda empat dan segmen asuransi, Dewan              challenges, such as the four-wheeled automotive industry and the
     Komisaris menyambut baik pencapaian segmen distribusi                insurance segment, the Board of Commissioners acknowledged
     dan ritel yang berhasil meningkatkan laba bersih sebesar 2%          the positive performance of the distribution and retail segment,
     dibandingkan tahun sebelumnya. Pertumbuhan pendapatan                which has successfully increased the net profit by 2% compared
     di segmen rental dan lelang kendaraan juga diapresiasi meski         to that of the previous year. Revenue growth in the vehicle rental
     profitabilitas dipengaruhi perubahan komposisi pelanggan.            and auction segment also deserves an appreciation, despite
     Strategi diversifikasi portofolio, peningkatan sinergi lintas        profitability being affected by changes in customer composition.
     entitas, dan pemanfaatan teknologi untuk efisiensi operasional       The strategies including portfolio diversification, enhanced
     dinilai sebagai langkah penting dalam menjaga stabilitas usaha.      synergy across entities, and the utilization of technology to
                                                                          improve operational efficiency are deemed crucial steps in
                                                                          maintaining business stability.


     Secara keseluruhan, Dewan Komisaris menilai bahwa Direksi            Overall, the Board of Commissioners assesses that the Board of
     telah menjalankan pengelolaan Perseroan secara efektif,              Directors has managed the Company effectively, demonstrating
     dengan adaptasi yang tinggi, pengelolaan risiko yang prudent,        high adaptability, prudent risk management, and a clear focus on
     serta berfokus pada keberlanjutan dan penciptaan nilai jangka        sustainability and long-term value creation. These achievements
     panjang. Pencapaian ini menunjukkan bahwa Perseroan berada           indicate that the Company has established a solid foundation for
     pada fondasi yang kuat untuk pertumbuhan berkelanjutan di            sustainable growth in the future.
     masa mendatang.


     Pengawasan Dewan Komisaris terhadap                                  Supervisory Role of the Board of Commissioners
     Perumusan dan Implementasi Strategi                                  in Strategy Formulation and Implementation

     Dewan Komisaris berperan aktif dalam menjalankan pengawasan          The Board of Commissioners plays an active role in overseeing
     terhadap perumusan dan implementasi strategi Perseroan, dan          the Company’s strategy formulation and implementation and
     menyambut baik mekanisme koordinasi yang rutin dijalankan            welcomes the regular coordination mechanism conducted




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        Management Discussion and Analysis              Corporate Governance             Environmental and Social Responsibility




melalui rapat dengan Direksi. Forum ini menjadi wadah untuk             through meetings with the Board of Directors. This forum serves
menelaah pencapaian kinerja, mengevaluasi efektivitas                   as a platform to review performance achievements, evaluate the
strategi, serta memberikan persetujuan terhadap rencana kerja           effectiveness of strategies, and approve the annual work plan
dan anggaran tahunan.                                                   and budget.


Melalui komite-komite pendukung, Dewan Komisaris                        Through its supporting committees, the Board of Commissioners
melakukan pengawasan berkala terhadap efektivitas penerapan             executed periodic oversight of the effectiveness of risk
manajemen risiko dan kinerja bisnis melalui laporan serta               management implementation and business performance through
pembahasan bersama Direksi dan komite terkait. Inisiatif ini            reports and discussions with the Board of Directors and relevant
bertujuan untuk memastikan strategi yang diterapkan Direksi             committees. These initiatives were aimed at ensuring that the
tetap selaras dengan dinamika industri dan perkembangan                 strategies implemented by the Board of Directors remained
pasar.                                                                  aligned with industry dynamics and market developments.


Dewan Komisaris senantiasa memberikan arahan strategis                  The Board of Commissioners provideds trategic guidance to
kepada Direksi untuk secara konsisten mengedepankan prinsip             the Board of Directors to consistently uphold the principles of
kehati-hatian (prudence) dan adaptabilitas di tengah kondisi            prudence and adaptability amid increasingly dynamic market
pasar yang semakin dinamis. Fokus arahan mencakup penguatan             conditions. The key areas of focus included strengthening
proses bisnis, pengendalian internal, serta disiplin pengelolaan        business processes, internal controls, and disciplined resource
sumber daya. Dewan Komisaris juga mengidentifikasi tantangan            management. The Board of Commissioners also identified
yang mungkin memengaruhi implementasi strategi, termasuk                potential challenges that might affect strategy implementation,
fluktuasi industri, kompleksitas proses bisnis, ketidakpastian          including industry fluctuations, business process complexity,
ekonomi, dan perkembangan teknologi.                                    economic uncertainties, and technological developments.


Dewan Komisaris menekankan bahwa setiap penyesuaian                     The Board of Commissioners emphasized that any strategic
strategi harus didukung oleh penguatan proses bisnis,                   adjustments had to be supported by enhanced business
pengendalian internal yang efektif, serta disiplin dalam                processes, effective internal controls, and disciplined resource
pengelolaan sumber daya. Hal ini diperlukan agar Perseroan              management. These measures were essential to ensure that the
tetap kompetitif sekaligus patuh terhadap standar tata kelola           Company remained competitive while continuing to comply with
yang berlaku.                                                           applicable governance standards.


Dewan Komisaris juga menyambut baik langkah mitigasi yang               The Board of Commissioners was also supportive of the
telah diambil Direksi, termasuk penguatan kerangka manajemen            mitigation measures undertaken by the Board of Directors,
risiko, penetapan indikator risiko yang terukur, serta peningkatan      including the strengthening of the risk management framework,
disiplin dalam penerapan prosedur operasional dan sistem                the establishment of measurable risk indicators, and enhanced
keamanan informasi. Langkah-langkah ini diyakini penting untuk          discipline in the implementation of operational procedures and
menjaga ketahanan usaha, meningkatkan kualitas pengambilan              information security systems. These measures are deemed
keputusan, dan mendukung pencapaian kinerja Perseroan yang              essential to maintaining business resilience, improving the
berkelanjutan.                                                          quality of decision-making, and supporting the Company’s
                                                                        sustainable performance achievement.


Pandangan atas Prospek Usaha Perseroan                                  View on the Company’s Business Outlook

Dewan Komisaris memandang bahwa prospek usaha Perseroan                 The Board of Commissioners views that the Company’s
pada tahun 2026 tetap terbuka di tengah dinamika ekonomi                business outlook for 2026 remains promising amid global and
global dan domestik yang menghadirkan tantangan sekaligus               domestic economic dynamics that present both challenges
peluang. Kemampuan Perseroan untuk beradaptasi dengan                   and opportunities. The Company’s ability to adapt to change,
perubahan, mempertahankan fundamental bisnis yang kuat,                 maintain strong business fundamentals, and uphold operational
serta menjaga disiplin operasional menjadi modal utama dalam            discipline serves as a key foundation in navigating the year
menghadapi tahun mendatang. Dewan Komisaris menekankan                  ahead. The Board of Commissioners emphasizes the importance




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                                                                                                                       2025 Annual Report    27
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             Pengantar            Ikhtisar Kinerja               Laporan Manajemen           Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights         Management Report           Company Profile            Business Support Overview




     pentingnya kewaspadaan terhadap risiko yang dapat                     of vigilance toward risks that potentially affect performance and
     memengaruhi kinerja dan keberlanjutan usaha, sehingga setiap          business sustainability, therefore, every strategic initiative must
     langkah strategis perlu dipersiapkan matang dengan dukungan           be carefully prepared within a comprehensive risk management
     manajemen risiko yang komprehensif.                                   framework.


     Dalam konteks tersebut, Perseroan diharapkan mengantisipasi           In this context, the Company is expected to anticipate strategic
     risiko strategis, termasuk perubahan regulasi, meningkatnya           risks, including regulatory changes, intensifying competition,
     persaingan, serta pergeseran preferensi dan perilaku pasar. Risiko    and shifts in market preferences and consumer behavior.
     operasional, seperti gangguan rantai pasok, ketergantungan            Operational risks, such as supply chain disruptions, third-
     pihak ketiga, dan potensi inefisiensi proses bisnis, perlu            party dependency, and potential process inefficiencies must
     diminimalkan melalui penguatan ketahanan operasional,                 be mitigated through strengthened operational resilience,
     optimalisasi proses, dan pengendalian internal yang efektif.          process optimization, and effective internal controls. Financial
     Risiko keuangan, mencakup fluktuasi suku bunga dan nilai              risks, including fluctuations in interest rates and exchange
     tukar, likuiditas, serta biaya pendanaan, harus dikelola secara       rates, liquidity pressures, and funding costs, must be managed
     prudent sesuai risk appetite yang ditetapkan. Di sisi teknologi       prudently in accordance with the established risk appetite. In
     dan informasi, keamanan siber, keandalan sistem, dan kesiapan         the area of technology and information, cybersecurity, system
     infrastruktur digital menjadi perhatian penting untuk mendukung       reliability, and digital infrastructure readiness remain critical to
     operasional dan layanan Perseroan. Risiko ESG, termasuk               supporting the Company’s operations and services. ESG-related
     dampak perubahan iklim, kepatuhan regulasi keberlanjutan,             risks, including the impact of climate change, sustainability
     dan ekspektasi pemangku kepentingan, harus terintegrasi ke            regulatory compliance, and stakeholder expectations, must be
     dalam strategi bisnis dan pemantauan manajemen risiko secara          integrated into the business strategy and ongoing risk monitoring
     berkelanjutan.                                                        framework.


     Dewan Komisaris memberikan arahan agar manajemen                      The Board of Commissioners emphasizes that risk management
     risiko diterapkan secara proaktif, terintegrasi, dan selaras          must be implemented in a proactive, integrated manner, aligned
     dengan strategi Perseroan, disertai mekanisme pemantauan,             well with the Company’s strategies, supported by effective
     pelaporan, serta tindak lanjut mitigasi yang efektif. Dengan          monitoring, reporting, and mitigation follow-up mechanisms.
     pendekatan adaptif dan berbasis risiko, Perseroan diharapkan          With an adaptive and risk-based approach, the Company is
     mampu menjaga keseimbangan antara pertumbuhan                         expected to maintain a balance between business growth
     usaha dan kehati-hatian, sekaligus meningkatkan kualitas              and prudence, while simultaneously improving the quality of
     pengambilan keputusan.                                                decision-making.


     Sejalan dengan itu, Dewan Komisaris memberikan dukungan               Accordingly, the Board of Commissioners fully supports the Board
     penuh kepada Direksi dalam melaksanakan inisiatif strategis           of Directors in executing strategic initiatives and work plans.
     dan rencana kerja. Fokus pada penguatan fundamental bisnis,           A continued focus on strengthening business fundamentals,
     kesiapan menghadapi dinamika pasar, serta konsistensi dalam           preparedness in facing market dynamics, and consistency in
     penerapan tata kelola yang baik diyakini akan memungkinkan            implementing good corporate governance are believed to enable
     Perseroan   mencatat     pertumbuhan      berkelanjutan  dan          the Company to achieve sustainable growth and deliver optimal
     memberikan nilai tambah optimal bagi seluruh pemegang saham           value to all shareholders and stakeholders.
     dan pemangku kepentingan.


     Penilaian atas            Implementasi           Tata    Kelola       Assessment     of              Corporate          Governance
     Perusahaan                                                            Implementation

     Dewan Komisaris menilai bahwa penerapan tata kelola                   The Board of Commissioners assessed that the implementation
     perusahaan yang baik di Perseroan sepanjang tahun 2025                of good corporate governance within the Company throughout
     telah berjalan secara efektif dan memadai. Menurut pandangan          2025 was effective and adequate. In Board of Commissioners’
     Dewan Komisaris, Direksi telah menunjukkan komitmen yang              view, the Board of Directors has demonstrated strong
     kuat dalam menjadikan tata kelola perusahaan sebagai fondasi          commitment in positioning corporate governance as a
     utama bagi keberlanjutan bisnis Perseroan, tidak hanya sebagai        fundamental pillar of the Company’s business sustainability,
     pemenuhan kewajiban regulasi, tetapi juga sebagai kerangka            not merely as a regulatory compliance requirement, but as a
     dalam pengambilan keputusan yang bertanggung jawab,                   framework for responsible, transparent, and integrity-driven
     transparan, dan berintegritas.                                        decision-making.




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28   Laporan Tahunan 2025
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        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




Dalam menjalankan fungsi pengawasan, Dewan Komisaris                   In exercising its supervisory function, the Board of
menekankan pentingnya penguatan manajemen risiko                       Commissioners emphasized the importance of implementation
sebagai bagian yang tidak terpisahkan dari penerapan tata              of sound risk management as an integral component of good
kelola perusahaan yang baik. Dewan Komisaris menilai                   corporate governance. The Board of Commissioners considered
kerangka manajemen risiko yang telah diperbarui relevan dan            the updated risk management framework to be relevant
semakin responsif dalam menghadapi ketidakpastian kondisi              and increasingly responsive in addressing macroeconomic
makroekonomi makro serta dinamika industri yang terus                  uncertainties and evolving industry dynamics. In line with this,
berkembang. Sejalan dengan hal tersebut, Dewan Komisaris               the Board of Commissioners ensured that the development of
memastikan bahwa pengembangan aspek ESG dilaksanakan                   ESG aspects has been aligned with good governance principles
secara selaras dengan prinsip tata kelola yang baik guna               to support the Company’s long-term business sustainability.
mendukung keberlanjutan usaha Perseroan dalam jangka
panjang.


Dewan Komisaris berpendapat bahwa penerapan manajemen                  The Board of Commissioners also viewed that risk management
risiko sepanjang 2025 telah dilaksanakan secara terstruktur            implementation throughout 2025 was carried out in a structured
dan terintegrasi di seluruh kegiatan usaha Perseroan. Risiko           and integrated manner across all of the Company’s business
strategis dikelola melalui evaluasi berkelanjutan dan keselarasan      activities. Strategic risks were managed through continuous
arah bisnis dengan dinamika pasar dan perkembangan industri.           evaluation and alignment of business direction with market
Risiko operasional dimitigasi melalui penguatan proses bisnis,         dynamics and industry developments. Operational risks were
standar operasional prosedur, serta pengendalian internal yang         mitigated through strengthened business processes, standard
memadai. Sementara itu, risiko keuangan dikelola secara prudent        operating procedures, and adequate internal controls. Financial
untuk menjaga likuiditas dan mengendalikan eksposur terhadap           risks were managed through prudent practices to maintain
risiko pasar dan kredit, serta risiko teknologi dan informasi          liquidity and manage exposure to market and credit risks, while
diantisipasi melalui penguatan sistem teknologi informasi,             technology and information risks were addressed through
perlindungan data, dan peningkatan keamanan siber.                     enhanced information technology systems, data protection, and
                                                                       strengthened cybersecurity measures.


Dewan Komisaris melaksanakan pengawasan atas efektivitas               The Board of Commissioners maintained active oversight of the
manajemen risiko secara aktif melalui pembahasan rutin                 effectiveness of risk management through regular discussions
bersama Direksi dan komite terkait. Seluruh Komite di bawah            with the Board of Directors and relevant committees. All
Dewan Komisaris menjalankan fungsinya secara efektif dengan            Committees under the Board of Commissioners performed
memberikan telaah yang mendalam dan rekomendasi yang                   their functions effectively by providing in-depth reviews and
independen, serta berkoordinasi melalui mekanisme pelaporan            independent recommendations, as well as coordinating through
dan rapat secara berkala guna memperkuat fungsi pengawasan.            periodic reporting and regular meeting mechanisms to strengthen
Dewan Komisaris juga memastikan bahwa efektivitas mitigasi             the supervisory function. The Board of Commissioners also
risiko dipantau melalui Key Risk Indicators, penilaian berkala,        ensured that the effectiveness of risk mitigation was effectively
serta tindak lanjut perbaikan yang yang dilakukan secara               monitored through Key Risk Indicators, periodic assessments,
berkesinambungan.                                                      and continuous improvement actions.


Dewan Komisaris mengapresiasi langkah proaktif Direksi                 The Board of Commissioners appreciated the proactive
sepanjang tahun 2025 dalam menyempurnakan pedoman                      initiatives undertaken by the Board of Directors throughout
internal guna merespons dinamika dan perubahan regulasi yang           2025 in refining internal guidelines in response to evolving
berlaku. Dewan Komisaris menilai bahwa harmonisasi standar             regulatory developments. The Board of Commissioners viewed
kepatuhan di seluruh Entitas Anak merupakan langkah penting            the harmonization of compliance standards across Subsidiaries
untuk menjaga konsistensi penerapan tata kelola di tingkat             as an important step in maintaining consistency in governance
Grup serta memitigasi risiko ketidakpatuhan. Selain itu, Dewan         implementation across the Group and in mitigating non-
Komisaris menegaskan bahwa integritas merupakan fondasi                compliance risks. Furthermore, the Board of Commissioners
utama dalam setiap aktivitas usaha dan mendukung komitmen              reaffirmed that integrity has been the cornerstone of all business
berkelanjutan Direksi dalam memperkuat budaya tata kelola              activities and supported the Board of Directors’ continued
perusahaan yang baik di seluruh organisasi.                            commitment to fostering a strong governance culture throughout
                                                                       the organization.




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             Pengantar            Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights         Management Report          Company Profile            Business Support Overview




     Apresiasi                                                             Appreciation

     Dewan Komisaris menyampaikan apresiasi yang setinggi-                 The Board of Commissioners would like to extend its highest
     tingginya kepada Direksi, manajemen, seluruh karyawan, serta          appreciation to the Board of Directors, management, all
     para pemangku kepentingan Perseroan atas dedikasi, komitmen,          employees, and the Company’s stakeholders for their dedication,
     dan kerja keras yang telah diberikan sepanjang tahun 2025.            commitment, and hard work throughout 2025. The contributions
     Kontribusi seluruh pihak telah menjadi fondasi penting dalam          of all parties have served as an important foundation in sustaining
     menjaga keberlanjutan usaha, memperkuat kinerja Perseroan,            business continuity, strengthening the Company’s performance,
     dan menciptakan nilai bagi seluruh pemegang saham serta               and creating value for both shareholders and stakeholders.
     pemangku kepentingan.


     Dewan Komisaris juga mengucapkan terima kasih kepada                  The Board of Commissioners also expresses its gratitude to all
     seluruh Komite Pendukung atas telaah, analisis, dan rekomendasi       supporting Committees for their thorough reviews, analyses,
     independen yang memperkuat fungsi pengawasan dan                      and independent recommendations, which have reinforced the
     memastikan penerapan prinsip tata kelola perusahaan yang baik.        supervisory function and ensured the implementation of good
                                                                           corporate governance principles.


     Dengan keyakinan bahwa Perseroan berada pada posisi yang              As we are confident that the Company is well positioned to
     kuat untuk menghadapi tantangan dan peluang di tahun-                 navigate future challenges and optimize opportunities, the
     tahun mendatang, Dewan Komisaris akan terus mendukung                 Board of Commissioners will continue extending its support
     Direksi dalam melaksanakan strategi yang adaptif, inovatif,           to the Board of Directors in executing adaptive, innovative, and
     dan berkelanjutan demi pertumbuhan usaha yang optimal dan             sustainable strategies to achieve optimal business growth and
     penciptaan nilai jangka panjang.                                      long-term value creation.




                                                          Atas Nama Dewan Komisaris,
                                                     On Behalf of the Board of Commissioners,
                                                         PT Mitra Pinasthika Mustika Tbk




                                                            EDWIN SOERYADJAYA
                                                                Komisaris Utama
                                                             President Commissioner




     PT Mitra Pinasthika Mustika Tbk
30   Laporan Tahunan 2025
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 Analisis dan Pembahasan Manajemen     Tata Kelola Perusahaan        Tanggung Jawab Sosial dan Lingkungan Hidup
 Management Discussion and Analysis    Corporate Governance          Environmental and Social Responsibility




                     Tossin Himawan                             Edwin Soeryadjaya
                          Komisaris                                Komisaris Utama
                        Commissioner                            President Commissioner



Istama Tatang Siddharta                     Danny Walla                              Benny Redjo Setyono
   Komisaris Independen                        Komisaris                               Komisaris Independen
 Independent Commissioner                    Commissioner                            Independent Commissioner



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             Pengantar            Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




     Laporan Direksi
     Board of Directors' Report


                Perseroan tetap
                menerapkan prinsip
                pengelolaan keuangan
                yang prudent untuk
                menjaga stabilitas kinerja
                di tengah fluktuasi
                ekonomi.

                The Company continued to apply
                prudent financial management
                principles to maintain performance
                stability amid the fluctuating economy.




                Suwito Mawarwati
                Direktur Utama
                President Director




     PT Mitra Pinasthika Mustika Tbk
32   Laporan Tahunan 2025
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        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




Para Pemegang Saham yang kami hormati,                                 Dear Valued Shareholders,


Puji dan syukur kami panjatkan ke hadirat Tuhan Yang Maha              We would like to extend our utmost gratitude to God the Almighty
Esa atas rahmat dan karunia-Nya, sehingga Perseroan dapat              for His blessings and grace, which have enabled the Company
melalui tahun 2025 dengan baik di tengah dinamika industri dan         to navigate through ongoing industry dynamics and the evolving
perubahan lingkungan bisnis yang terus berkembang.                     business environment throughout 2025.


Tahun 2025 menjadi fase penting bagi Perseroan dalam                   The year 2025 marked an important momentum for the Company
memperkuat fondasi pertumbuhan jangka panjang. Sejalan                 in building a stronger foundation for long-term growth. In line with
dengan tema Laporan Tahunan yaitu “Strategic Moves towards             the Annual Report theme, “Strategic Moves towards a Sustainable
a Sustainable Future,” Perseroan terus melangkah secara terarah        Future,” the Company has continued to take measured steps to
dalam menjaga kesinambungan usaha, memperkuat daya                     ensure business continuity, enhance organizational resilience,
tahan organisasi, serta meningkatkan nilai tambah bagi seluruh         and create added value for all stakeholders.
pemangku kepentingan.


Dengan pengalaman hampir empat dekade dalam membangun                  With nearly four decades of experience in building integrated
solusi otomotif terintegrasi, Perseroan senantiasa menunjukkan         automotive solutions, the Company has consistently
kemampuan adaptasi terhadap perubahan serta konsistensi                demonstrated the agility to adapt to change and a steadfast
dalam menjaga kinerja yang berkelanjutan. Perjalanan                   commitment to maintaining sustained performance. This journey
tersebut menjadi landasan penting bagi Perseroan untuk terus           serves as a solid foundation for the Company’s continued
berkembang secara berkesinambungan di tengah kondisi                   sustainable growth within a dynamic industry condition.
industri yang dinamis.


Tinjauan Ekonomi dan Industri                                          Economic and Industry Review

Dalam menghadapi tahun 2025, Perseroan beroperasi di tengah            In facing 2025, the Company operated amid ongoing global
dinamika ekonomi global yang masih diliputi ketidakpastian.            economic dynamics characterized by persistent uncertainty.
Berdasarkan publikasi Bank Indonesia, ketegangan geopolitik            According to Bank Indonesia, prolonged geopolitical tensions
yang berlanjut serta dinamika kebijakan perdagangan global             and evolving global trade policy dynamics have weighed on
memberikan tekanan terhadap aktivitas ekonomi dunia dan                global economic activity and financial market stability.
stabilitas pasar keuangan.


Di tengah tekanan global tersebut, perekonomian Indonesia              Amid these global challenges, Indonesia’s economy continued
tetap menunjukkan ketahanan yang solid. Berdasarkan data               to demonstrate solid resilience. According to Central Bureau
Badan Pusat Statistik, ekonomi nasional tumbuh sebesar                 of Statistics, the national economy grew by 5.11% (c-to-c) in
5,11% (c-to-c) pada tahun 2025. Stabilitas makroekonomi juga           2025. Macroeconomic stability was also well maintained, as
terjaga, tercermin dari inflasi Indeks Harga Konsumen (IHK) yang       reflected in controlled Consumer Price Index (CPI) inflation rate
terkendali pada level 2,92% (YoY) serta nilai tukar Rupiah yang        at 2.92% (YoY) and a relatively stable Rupiah exchange rate at
relatif stabil di kisaran Rp16.782 per dolar AS pada akhir tahun.      approximately Rp16,782 per US dollar at the end of the year.


Dalam konteks sektoral, sektor Perdagangan Besar dan Eceran,           By sectors, the Wholesale and Retail Trade, and Repair of Motor
Reparasi Mobil dan Sepeda Motor, tetap menjadi salah satu              Vehicle and Motorcycle sectors remained a key contributor,
kontributor utama dengan porsi sekitar 13,17% terhadap Produk          accounting for approximately 13.17% of Gross Domestic Product
Domestik Bruto (PDB) dan mencatat pertumbuhan sebesar                  (GDP) and recording a growth of 5.49%. This reflect on going
5,49%. Hal ini mencerminkan berlanjutnya aktivitas perdagangan         trade activities and sustained high mobility needs among the
serta kebutuhan mobilitas masyarakat yang tetap tinggi.                public.


Namun demikian, industri otomotif roda empat pada tahun                However, the four-wheeled automotive industry faced demand
2025 menghadapi tekanan permintaan. Berdasarkan data dari              pressures in 2025. Based on GAIKINDO data, wholesale vehicle
GAIKINDO, penjualan kendaraan secara wholesales tercatat               sales reached 803,687 units, declining by around 7.2% year-on-
sebesar 803.687 unit, menurun sekitar 7,2% dibandingkan tahun          year, while retail sales stood at 833,692 units, down 6.3% annually.
sebelumnya, sementara penjualan retail mencapai 833.692                Nevertheless, demand showed signs of recovery toward the end
unit atau turun 6,3% secara tahunan. Meskipun demikian, pada           of the year, reflecting the resilience of domestic market.
akhir tahun mulai terlihat indikasi perbaikan permintaan yang
mencerminkan daya tahan pasar domestik.




                                                                                                            PT Mitra Pinasthika Mustika Tbk
                                                                                                                        2025 Annual Report    33
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             Pengantar            Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights         Management Report          Company Profile            Business Support Overview




     Di sisi lain, industri sepeda motor menunjukkan kinerja yang          On the other hand, the motorcycle industry showed greater
     lebih resilien. Data dari Asosiasi Industri Sepeda Motor Indonesia    resilience. According to the Indonesian Motorcycle Industry
     menunjukkan bahwa penjualan sepeda motor nasional mencapai            Association (AISI), national motorcycle sales reached 6.41 million
     6,41 juta unit, atau tumbuh sekitar 1,3% dibandingkan tahun           units, growing by approximately 1.3% year-on-year. This growth
     sebelumnya. Pertumbuhan ini didukung oleh peran kendaraan             was supported by the role of two-wheeled vehicles as an efficient
     roda dua sebagai sarana mobilitas yang efisien serta dukungan         mobility solution and improved consumer access to financing.
     pembiayaan yang memperluas akses konsumen.


     Secara keseluruhan, dinamika ekonomi dan industri sepanjang           Overall, the economic and industry dynamics throughout 2025
     tahun 2025 mencerminkan kombinasi antara tantangan eksternal          reflected a combination of external challenges and promising
     dan peluang domestik yang tetap terbuka. Kondisi ini menjadi          domestic opportunities. This environment became an important
     konteks penting bagi Perseroan dalam menjalankan kegiatan             factor for the Company to run its business activities and sustain
     usaha serta menjaga kinerja secara berkelanjutan.                     its performance.


     Peran Direksi dalam                    Merumuskan           dan       The Role of the Board of Directors in Strategy
     Mengawal Strategi                                                     Formulation and Oversight

     Dalam menjalankan fungsi pengelolaan Perseroan, Direksi               In carrying out its management function, the Board of Directors
     memiliki peran penting dalam merumuskan strategi dan                  played a vital role in strategy and policy formulation that would
     kebijakan strategis sebagai landasan pencapaian kinerja yang          serve as the foundation for achieving sustainable performance.
     berkelanjutan. Proses perumusan strategi dilakukan secara             The strategy formulation process was conducted in a structured
     terstruktur dengan mempertimbangkan dinamika pasar,                   manner, taking into account market dynamics, industry
     perkembangan industri, serta perubahan regulasi yang relevan.         developments, and relevant regulatory changes. Each strategic
     Setiap kebijakan strategis ditetapkan melalui tahapan yang            policy was established through a systematic process, from
     sistematis, mulai dari pengajuan, pertimbangan, penelaahan,           preparing proposal, considerations and reviews to approval,
     hingga persetujuan, sehingga seluruh keputusan didasarkan             ensuring that all decisions were based on comprehensive and
     pada kajian yang komprehensif dan terukur.                            well-assessed analyses.


     Dalam proses tersebut, Direksi juga mengintegrasikan prinsip          In this process, the Board of Directors also integrated
     keberlanjutan dengan mempertimbangkan aspek ESG sehingga              sustainability principles by considering ESG aspects, ensuring
     strategi yang dijalankan tidak hanya berorientasi pada                that the strategies pursued were not solely growth-oriented but
     pertumbuhan, tetapi juga pada penciptaan nilai jangka panjang.        also focused on creating long-term value.


     Direksi memastikan bahwa strategi yang telah dirumuskan               The Board of Directors ensured that the formulated strategies
     dapat diimplementasikan secara efektif di seluruh unit                were effectively implemented across all business units and
     kerja dan Operating Company (OPCO). Melalui arahan yang               Operating Company (OPCO). Through structured directions,
     terstruktur, Direksi mendorong penetapan target finansial dan         the Board of Directors encouraged the establishment of clear
     operasional yang jelas serta penerapan manajemen risiko yang          financial and operational targets, along with the implementation
     memadai untuk mengantisipasi berbagai potensi risiko dan              of sound risk management to anticipate potential risks and
     memaksimalkan peluang usaha.                                          maximize business opportunities.


     Selain itu, Direksi terus mendorong penguatan sinergi antar-          Furthermore, the Board of Directors continuously promoted
     entitas dalam ekosistem Grup untuk menciptakan proposisi              stronger synergy among entities within the Group’s ecosystem
     nilai yang lebih terintegrasi. Kolaborasi lintas segmen ini           to create a more integrated value proposition. This cross-
     memungkinkan Perseroan untuk menghadirkan solusi yang                 segment collaboration enables the Company to deliver more
     lebih komprehensif kepada pelanggan sekaligus meningkatkan            comprehensive solutions to customers while enhancing overall
     efektivitas operasional secara keseluruhan.                           operational effectiveness.


     Untuk memastikan seluruh inisiatif strategis berjalan sesuai          To ensure that all strategic initiatives were executed as planned,
     rencana, Direksi menerapkan mekanisme pemantauan dan                  the Board of Directors carried out periodic monitoring and
     evaluasi secara berkala melalui indikator kinerja utama               evaluation mechanisms through Key Performance Indicators
     (Key Performance Indicators/KPI). Kinerja unit kerja dan Entitas      (KPIs). The performance of business units and Subsidiaries was
     Anak dievaluasi secara berkelanjutan dengan mempertimbangkan          continuously assessed by taking into account market dynamics
     dinamika pasar dan kondisi eksternal, sehingga langkah-langkah        and external conditions, enabling timely and appropriate
     antisipatif dapat segera diambil apabila terdapat hal-hal yang        corrective actions when necessary.
     memerlukan penyesuaian.




     PT Mitra Pinasthika Mustika Tbk
34   Laporan Tahunan 2025
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        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Direksi juga secara aktif melakukan koordinasi dengan                 The Board of Directors also actively maintained coordination with
Dewan Komisaris melalui rapat berkala untuk membahas                  the Board of Commissioners through regular meetings to discuss
perkembangan kinerja Perseroan serta isu strategis yang               the Company’s performance and strategic issues that could have
berpotensi memberikan dampak material terhadap Perseroan.             a material impact on the Company. This mechanism ensures
Mekanisme ini memastikan bahwa implementasi strategi dan              that strategic implementation and decision-making remain
pengambilan keputusan senantiasa selaras dengan prinsip tata          consistently aligned with good corporate governance principles.
kelola perusahaan yang baik.


Sejalan dengan pelaksanaan strategi, Perseroan memperkuat             In line with strategy execution, the Company strengthened its
kapabilitas sumber daya manusia sebagai faktor kunci                  human capital capabilities as the key success factor for the
keberhasilan organisasi. Pengembangan kompetensi karyawan             organization. Employee competency development was carried
dilakukan secara terstruktur dan berkelanjutan, mencakup              out in a structured and sustainable manner, encompassing both
peningkatan kemampuan kepemimpinan maupun teknikal,                   leadership and technical capabilities, as well as accelerating
serta akselerasi kesiapan suksesor di seluruh grup. Perseroan         the readiness of successors across the Group. The Company
menjalankan berbagai program yang dirancang untuk mendukung           implemented various programs designed to support competency
standarisasi dan pengembangan kompetensi, termasuk                    standardization and development, including Executive Coaching,
Executive Coaching, Women Executive Coaching, Mentoring               Women Executive Coaching, Mentoring Programs, Cross-OpCo
Program, Cross-OPCO Task Force, CREDO Ambassador, serta               Task Forces, CREDO Ambassadors, and the Leadership Education
Leadership Education and Development (LEAD) Program.                  and Development (LEAD) Program.


Selain itu, Perseroan menekankan peningkatan engagement               In addition, the Company emphasized enhancing of employee
karyawan melalui program MPM Wellness yang mengintegrasikan           engagement through the MPM Wellness program, which
aspek fisik, mental, spiritual, finansial, dan intelektual.           integrated physical, mental, spiritual, financial, and intellectual
Pendekatan ini bertujuan menciptakan lingkungan kerja yang            aspects. This approach aimed to create a healthier work
lebih sehat, memperkuat keterikatan karyawan, dan membangun           environment, strengthen employee engagement, and build an
budaya organisasi yang adaptif serta produktif.                       adaptive and productive organizational culture.


Dengan integrasi strategi yang matang, sinergi antar-entitas,         With well-integrated strategies, strong synergy among entities,
dan pengembangan kapabilitas sumber daya manusia, Direksi             and continuous human capital development, the Board of
memastikan Perseroan siap menghadapi tantangan bisnis                 Directors ensured that the Company is well-prepared to face
sekaligus membangun fondasi pertumbuhan yang berkelanjutan.           business challenges while building a solid foundation for
                                                                      sustainable growth.


Kinerja Perseroan di Tengah Dinamika dan                              Company Performance amid Market Dynamics
Tantangan Pasar                                                       and Challenges

Sepanjang tahun 2025, kinerja Perseroan mencerminkan                  Throughout 2025, the Company’s performance reflected
penyesuaian terhadap dinamika pasar yang semakin kompleks.            adjustments to increasingly complex market dynamics. On a
Secara konsolidasi, pendapatan Perseroan tercatat sekitar 7,2%        consolidated basis, revenue was approximately 7.2% below the
di bawah target awal, sementara laba bersih setelah pajak (NPAT)      initial target, while net profit after tax (NPAT) was approximately
berada sekitar 22,5% di bawah target yang telah ditetapkan.           22.5% below the budgeted target. This performance was
Pencapaian ini terutama dipengaruhi oleh ketidakpastian               primarily attributable to global geopolitical uncertainties, shifts
geopolitik global, perubahan pola permintaan pasar, serta             in market preferences, and increased caution among consumers
meningkatnya kehati-hatian konsumen dan pelaku usaha yang             and businesses, resulting in more selective consumption and
berdampak pada aktivitas konsumsi dan pembiayaan yang lebih           financing activities.
selektif.


Di tengah kondisi tersebut, Perseroan tetap menunjukkan kinerja       Amid these conditions, the Company continued to demonstrate
operasional dan keuangan yang solid di sejumlah lini bisnis.          solid operational and financial performance across several
Segmen distribusi dan ritel mencatat pertumbuhan laba bersih          business lines. The distribution and retail segment recorded an
dari Rp629,7 miliar pada tahun 2024 menjadi Rp642,2 miliar            increase in net profit from Rp629.7 billion in 2024 to Rp642.2
pada tahun 2025, atau meningkat sebesar 2,0% secara tahunan.          billion in 2025, representing a 2.0% year-on-year growth.
Pencapaian ini mencerminkan kemampuan Perseroan dalam                 This achievement reflects the Company’s ability to maintain
menjaga profitabilitas di tengah tekanan pasar, yang didukung         profitability amid market pressures, supported by margin
oleh penguatan margin pada lini sepeda motor dan suku cadang          improvements in the motorcycle and spare parts segments, as
serta efektivitas program-program prinsipal dalam mendorong           well as the effectiveness of principal-led programs in driving
permintaan produk dan layanan aftermarket sepanjang tahun.            demand for products and aftermarket services throughout the
                                                                      year.



                                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                                                       2025 Annual Report    35
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             Pengantar            Ikhtisar Kinerja            Laporan Manajemen         Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights      Management Report         Company Profile            Business Support Overview




     Di sisi lain, beberapa segmen usaha menghadapi tekanan             On the other hand, several business segments faced significant
     signifikan seiring dengan perlambatan permintaan di industri       pressures in line with weakening demand in the four-wheeled
     otomotif roda empat. Segmen asuransi terdampak penurunan           automotive industry. The insurance segment was impacted by
     penjualan mobil baru nasional, yang berimbas pada perolehan        a decline in national car sales, which affected motor vehicle
     premi kendaraan bermotor sebagai kontributor utama portofolio.     premium income as a key portfolio contributor. In response,
     Untuk merespons hal tersebut, Perseroan melakukan diversifikasi    the Company diversified its product portfolios to create a more
     portofolio produk guna menciptakan struktur premi yang lebih       balanced and resilient premium structure for the long term.
     seimbang dan tangguh dalam jangka panjang.


     Segmen rental dan lelang kendaraan juga menghadapi perubahan       The vehicle rental and auction segment also experienced
     komposisi pelanggan pada lini rental yang berdampak pada           changes in customer composition in its rental business,
     penurunan profitabilitas, meskipun pendapatan segmen ini tetap     which had an adverse effect on profitability. Nevertheless, the
     mengalami peningkatan dari Rp1.430,0 miliar menjadi Rp1.439,5      segment’s revenue increased from Rp1,430.0 billion to Rp1,439.5
     miliar, didukung oleh kinerja bisnis kendaraan bekas yang          billion, supported by improved performance in the used vehicle
     lebih baik. Dalam menghadapi dinamika tersebut, Perseroan          business. In addressing these dynamics, the Company continued
     terus melakukan penyesuaian strategi melalui diversifikasi         to refine its strategies through customer base diversification
     basis pelanggan serta penguatan proposisi nilai layanan untuk      and strengthening its service value proposition to maintain
     menjaga stabilitas pendapatan secara berkelanjutan ke depan.       sustainable revenue stability going forward. Meanwhile, the
     Sementara itu, segmen pembiayaan berfokus pada penguatan           financing segment focused on strengthening asset quality
     kualitas aset melalui pembaruan sistem penilaian kredit sebagai    through enhancements in credit assessment systems as a
     langkah fundamental untuk mendukung pemulihan kinerja yang         fundamental step toward long-term performance recovery.
     berkelanjutan dalam jangka panjang.


     Berbagai tantangan yang dihadapi sepanjang tahun, mulai dari       The various challenges encountered throughout the year, from
     perubahan kondisi pasar, tekanan terhadap daya beli, hingga        shifting market preferences and purchasing power pressures
     dinamika eksternal yang memengaruhi rantai pasok, mendorong        to external dynamics affecting supply chains, have driven the
     Perseroan untuk terus beradaptasi secara cepat dan terukur.        Company to continuously adapt in a swift and measured manner.
     Dalam merespons hal tersebut, Perseroan menempuh berbagai          In response, the Company has undertaken various strategic
     langkah strategis, termasuk memperkuat diversifikasi usaha,        initiatives, including strengthening business diversification,
     meningkatkan sinergi lintas entitas, serta mengoptimalkan          enhancing synergy among entities, and optimizing business
     proses bisnis melalui pemanfaatan teknologi guna meningkatkan      processes through the use of technology to improve efficiency
     efisiensi dan kualitas layanan kepada pelanggan.                   and service quality.


     Selain itu, Perseroan tetap menerapkan prinsip pengelolaan         In addition, the Company continued to apply prudent financial
     keuangan yang prudent untuk menjaga stabilitas kinerja di          management principles to maintain performance stability
     tengah fluktuasi ekonomi. Upaya ini diiringi dengan penguatan      amid economic fluctuations. These efforts were coupled with
     inisiatif keberlanjutan serta percepatan transformasi digital      strengthened sustainability initiatives and accelerated digital
     sebagai bagian dari strategi jangka panjang Perseroan dalam        transformation as part of the Company’s long-term strategy to
     menciptakan nilai tambah yang berkelanjutan.                       create sustainable added value.


     Di tengah kondisi yang penuh tantangan, pencapaian yang            Amid the challenging conditions, one of the most notable
     paling menonjol adalah kemampuan segmen distribusi dan             achievements was the distribution and retail segment’s
     ritel dalam mempertahankan dan meningkatkan profitabilitas         consistency to maintain and improve profitability. This success
     secara konsisten. Keberhasilan ini mencerminkan ketajaman          reflected the Company’s sharp understanding of shifting
     Perseroan dalam memahami pergeseran perilaku konsumen              consumer behaviour and its ability to respond effectively by
     dan meresponsnya secara tepat melalui penguatan bisnis             strengthening the aftermarket business. This strategy not only
     aftermarket. Strategi ini tidak hanya menjaga kinerja jangka       supported short-term performance but also reinforced the
     pendek, tetapi juga memperkuat posisi Perseroan secara             Company’s position for long-term sustainable growth.
     berkelanjutan untuk pertumbuhan jangka panjang.


     Tata Kelola yang                  Kokoh      untuk    Kinerja      Strong   Governance                  for       Sustainable
     Berkelanjutan                                                      Performance

     Direksi memandang penerapan tata kelola perusahaan yang            The Board of Directors views the implementation of good
     baik sebagai fondasi utama bagi keberlanjutan bisnis Perseroan.    corporate governance as a fundamental pillar for the Company’s
     Sebagai perusahaan terbuka, Perseroan meyakini bahwa               sustainability. As a public company, the Company believes that
     tata kelola yang kuat dan didukung oleh langkah perbaikan          strong governance, supported by continuous improvement




     PT Mitra Pinasthika Mustika Tbk
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        Analisis dan Pembahasan Manajemen                Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis               Corporate Governance              Environmental and Social Responsibility




berkelanjutan merupakan kunci dalam memperkokoh usaha,                   initiatives, is key to strengthening the business and maintaining as
serta menjaga dan meningkatkan kepercayaan pemegang                      well as enhancing the trust of shareholders and all stakeholders.
saham dan seluruh pemangku kepentingan.


Selaras dengan prinsip tersebut, Direksi mengarahkan penerapan           In line with this principle, the Board of Directors directed the
Enterprise Risk Management (ERM) secara terintegrasi dan                 implementation of Enterprise Risk Management (ERM) in an
menyeluruh di seluruh Perseroan. Kerangka ERM terus diperkuat            integrated and comprehensive manner across the Company.
agar semakin responsif, antisipatif, dan komprehensif dalam              The ERM framework continued to be enhanced to become more
menghadapi ketidakpastian kondisi makroekonomi serta                     responsive, anticipatory, and comprehensive in addressing
dinamika industri yang terus berkembang. Pendekatan ini turut            macroeconomic uncertainties and evolving industry dynamics.
mengintegrasikan prinsip ESG ke dalam strategi bisnis Perseroan,         This approach also integrated ESG principles into the Company’s
guna memastikan tercapainya keamanan, keberlanjutan, dan                 business strategy to ensure long-term operational security,
efektivitas operasional jangka panjang.                                  sustainability, and effectiveness.


Dalam implementasinya, Direksi mengarahkan agar manajemen                In its implementation, the Board of Directors ensures that risk
risiko diterapkan secara menyeluruh dan konsisten di seluruh             management is applied consistently across all business lines
lini bisnis dan Entitas Anak. Risiko strategis yang timbul akibat        and Subsidiaries. Strategic risks arising from market changes,
perubahan pasar, regulasi, dan tingkat persaingan dimitigasi             regulatory developments, and competitive dynamics are
melalui proses perencanaan dan evaluasi strategi yang dilakukan          mitigated through periodic strategic planning and evaluation
secara berkala, guna memastikan keselarasan dengan dinamika              processes, ensuring alignment with business dynamics and
bisnis dan perkembangan lingkungan eksternal. Upaya tersebut             external developments. These efforts are supported by product
didukung oleh diversifikasi produk dan layanan, penguatan                and service diversification, strengthened strategic partnerships,
kerja sama strategis, serta pemantauan tren industri secara              and continuous monitoring of industry trends.
berkelanjutan.


Risiko operasional yang mencakup gangguan distribusi                     Operational risks—including vehicle distribution disruptions,
kendaraan, keterlambatan pengiriman suku cadang, serta                   delays in spare parts delivery, and potential after-sales service
potensi gangguan layanan purnajual dikelola melalui penguatan            interruptions—are managed through continuous business
proses bisnis yang berkelanjutan. Direksi mengarahkan                    processes improvements. The Board of Directors directs the
penerapan standar operasional prosedur dan pengendalian                  implementation of adequate standard operating procedures and
internal yang memadai, didukung oleh optimalisasi rantai pasok           internal controls, supported by supply chain optimization and
dan peningkatan kualitas layanan kepada pelanggan, termasuk              service quality enhancements, including through the utilization
melalui pemanfaatan dan digitalisasi proses operasional.                 and digitalization of operational processes.


Sementara itu, risiko keuangan yang meliputi fluktuasi nilai tukar,      While, financial risks, such as exchange rate fluctuations, interest
suku bunga, serta peningkatan biaya operasional dimitigasi               rate movements, and rising operational costs, were mitigated
melalui pemantauan kondisi keuangan secara berkelanjutan.                through continuous financial monitoring. The Board of Directors
Direksi mengarahkan penerapan pengelolaan likuiditas yang                put emphasis on prudent liquidity management, controlled
prudent serta pengendalian eksposur terhadap risiko pasar                exposure to market and credit risks, selective hedging strategies,
dan kredit, yang didukung oleh penerapan strategi lindung nilai          and disciplined cost management.
(hedging) secara selektif dan disiplin pengendalian biaya.


Di sisi lain, Direksi mengarahkan pengelolaan risiko teknologi           On the other hand, the Board of Directors directed the
dan informasi, khususnya yang berkaitan dengan ancaman                   management of technology and information risks, particularly
keamanan siber serta keterlambatan implementasi sistem                   those related to cybersecurity threats and delays in digital
digital, dilakukan secara proaktif dan terintegrasi. Upaya               system implementation, to be carried out in a proactive and
mitigasi tersebut dilaksanakan melalui investasi berkelanjutan           integrated manner. These mitigation efforts were implemented
pada teknologi keamanan, penguatan infrastruktur dan sistem              through continuous investments in security technologies,
teknologi informasi, serta penerapan kebijakan dan pengendalian          strengthening of information technology infrastructure and
keamanan informasi yang memadai. Selain itu, Perseroan juga              systems, and the establishment of adequate information security
secara konsisten meningkatkan kesadaran dan kapabilitas                  policies and controls. In addition, the Company continued to
karyawan melalui program pelatihan dan edukasi terkait                   enhance employee awareness and capabilities through training
keamanan data dan informasi.                                             and education programs on data and information security.


Perseroan secara konsisten melakukan pemantauan risiko                   The Company consistently conducts periodic risk monitoring
secara berkala melalui Key Risk Indicator, mekanisme pelaporan           through Key Risk Indicators (KRIs), reporting mechanisms to the
kepada Komite Tata Kelola Perusahaan dan Direksi, serta                  Corporate Governance Committee and the Board of Directors,




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             Pengantar            Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights       Management Report          Company Profile            Business Support Overview




     proses penelaahan dan perbaikan berkelanjutan atas efektivitas      as well as ongoing review and continuous improvements of
     pengendalian risiko. Pendekatan ini diarahkan untuk mendukung       the effectiveness of risk controls. This approach is designed
     pengambilan keputusan yang tepat dan berbasis risiko,               to support sound, risk-based decision-making, strengthen
     memperkuat kinerja bisnis, serta memastikan keberlanjutan           business performance, and ensure the Company’s long-term
     usaha Perseroan dalam jangka panjang.                               business sustainability.


     Pada tahun 2025, Direksi secara konsisten mengarahkan               In 2025, the Board of Directors consistently directed the
     pelaksanaan berbagai inisiatif penyempurnaan tata kelola            implementation of various corporate governance enhancement
     perusahaan melalui pembaruan dan penyelarasan pedoman               initiatives through the update and alignment of internal guidelines
     internal agar selaras dengan ketentuan regulasi serta praktik       to ensure compliance with applicable regulations and prevailing
     terbaik yang berlaku. Upaya tersebut mencakup harmonisasi           best practices. These efforts included the harmonization of
     standar kepatuhan guna memastikan keseragaman tata kelola           compliance standards to ensure governance consistency across
     di seluruh Grup MPM, serta penguatan budaya etika bisnis di         the MPM Group, as well as strengthening the business ethics
     setiap jenjang organisasi untuk menjaga integritas dan kualitas     culture at all organizational levels to uphold integrity and the
     pengambilan keputusan.                                              quality of decision-making.


     Prospek Usaha dan Strategi Tahun 2026                               Business Prospect and Strategies in 2026

     Perseroan memandang prospek perekonomian Indonesia                  The Company views Indonesia’s economic outlook for 2026
     pada tahun 2026 dengan sikap optimistis namun tetap                 with optimism, while remaining cautious amid prevailing
     penuh kewaspadaan. Di tengah dinamika ekonomi global dan            uncertainties. Given the global economic dynamics and
     ketidakpastian geopolitik, perekonomian nasional diperkirakan       geopolitical volatility, the national economy is expected to
     tetap menunjukkan ketahanan. Menurut Bank Indonesia,                remain resilient. According to Bank of Indonesia, Indonesia’s
     stabilitas makroekonomi Indonesia tetap terjaga, didukung oleh      macroeconomic stability will be well maintained, supported
     permintaan domestik, investasi serta sinergi kebijakan ekonomi      by domestic demand, investment, and continued synergy in
     yang berkelanjutan. Kondisi ini memberikan dasar yang kuat          economic policy. This provides a strong foundation for the
     bagi Perseroan untuk melanjutkan pertumbuhan secara terukur         Company to pursue sustainable and measured growth. In
     dan berkesinambungan. Di sektor industri otomotif, Gabungan         the automotive industry, the Indonesian Automotive Industry
     Industri Kendaraan Bermotor Indonesia (GAIKINDO) menilai            Association (GAIKINDO) sees the sector to continue to be
     bahwa industri nasional masih menghadapi tantangan yang             exposed to challenges attributable to fluctuations in consumer
     dipengaruhi oleh dinamika daya beli masyarakat dan kondisi          purchasing power and global economic condition. Nevertheless,
     ekonomi global. Namun, kebutuhan mobilitas masyarakat               mobility needs and the domestic market potential will remain
     serta potensi pasar domestik tetap menjadi faktor pendukung         key supporting factors for the sustainability of the automotive
     utama bagi keberlanjutan industri otomotif di Indonesia.            industry in Indonesia. Meanwhile, the Indonesian Motorcycle
     Sementara itu, Asosiasi Industri Sepeda Motor Indonesia (AISI)      Industry Association (AISI) projects that domestic demand for
     memproyeksikan permintaan sepeda motor domestik akan                motorcycle will remain relatively stable, reflecting the continued
     relatif stabil, mencerminkan peran kendaraan roda dua sebagai       role of two-wheeled vehicles as an efficient and preferred mode
     sarana transportasi efisien yang tetap diminati oleh masyarakat.    of transportation for the public.


     Dalam menghadapi tahun 2026, Perseroan berkomitmen untuk            In navigating 2026, the Company remains committed to pursuing
     terus memperkuat fundamental bisnis melalui penerapan               stronger business fundamental through the implementation of
     berbagai inisiatif strategis. Fokus utama meliputi peningkatan      various strategic initiatives. Key priorities include enhancement
     efisiensi operasional, penguatan sinergi di seluruh Grup MPM,       of operational efficiency, reinforcement of synergy across
     pemanfaatan teknologi untuk mendorong produktivitas dan             the companies under MPM Group, leveraging technology to
     daya saing, serta pengembangan kapabilitas organisasi guna          drive productivity and competitiveness, and development of
     mendukung penciptaan nilai jangka panjang. Selain itu, Perseroan    organizational capabilities to support long-term value creation.
     akan mempertahankan pengelolaan risiko yang terintegrasi dan        In addition, the Company will continue to uphold integrated risk
     praktik tata kelola perusahaan yang baik, untuk memastikan          management and sound corporate governance practices to
     bisnis tetap tangguh menghadapi ketidakpastian serta mampu          ensure resilience amid uncertainties while continuing to optimize
     memanfaatkan peluang pertumbuhan yang ada.                          growth opportunities.


     Komitmen tersebut tercermin dalam fokus strategis yang              This commitment is reflected in the strategies implemented
     dijalankan di seluruh lini bisnis Perseroan. Pada segmen            across all of the Company’s business lines. In the distribution
     distribusi dan ritel, Perseroan berfokus pada penguatan posisi      and retail segment, the Company focuses on strengthening
     pasar melalui peningkatan kualitas layanan penjualan dan purna      its market position through enhanced quality of sales service
     jual, didukung oleh pengelolaan biaya yang efektif dan efisien.     and after-sales service, supported by effective and efficient
     Pada segmen asuransi, Perseroan berfokus pada penguatan             cost management. In the insurance segment, the Company
     seleksi risiko, perluasan sumber bisnis, serta diversifikasi        emphasizes stronger risk selection, expanded sources of



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        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




portofolio guna mendorong pertumbuhan premi yang lebih              business, and portfolio diversification to drive more sustainable
berkualitas dan berkelanjutan. Pada segmen rental dan lelang        and higher-quality premium growth. In the vehicle rental and
kendaraan, Perseroan berfokus pada penguatan pertumbuhan            auction segment, the Company focuses on strengthening
pendapatan melalui selektivitas pengembangan bisnis berbasis        revenue growth through selective customer-based business
pelanggan, efisiensi operasional yang berkelanjutan, serta          development, sustained operational efficiency, and the utilization
pemanfaatan platform digital untuk memperluas jangkauan dan         of digital platforms to expand the reach and accessibility of used
aksesibilitas transaksi kendaraan bekas. Sementara itu, pada        vehicle transactions. Meanwhile, in the financing segment, the
segmen pembiayaan, Perseroan memprioritaskan pemulihan              Company prioritizes portfolio quality recovery and enhancement,
dan penguatan kualitas portofolio, peningkatan produktivitas,       productivity improvement, and the implementation of good
serta penerapan tata kelola perusahaan yang baik.                   corporate governance.


Dengan strategi yang terukur dan eksekusi yang konsisten di         With well-measured strategies and consistent execution across
seluruh lini bisnis, Perseroan optimis dapat menciptakan nilai      all business lines, the Company remains confident in its ability to
yang berkelanjutan bagi seluruh pemangku kepentingan.               create sustainable value for all stakeholders.


Penutup                                                             Closing Remarks

Menutup laporan tahun 2025, Direksi ingin menekankan bahwa          To conclude the 2025 report, the Board of Directors emphasizes
pencapaian Perseroan di tengah tantangan ekonomi dan                that the Company’s achievements amid economic and industry
industri mencerminkan ketangguhan serta fokus strategi yang         challenges reflect its resilience and focused strategies. Various
tepat. Berbagai inisiatif, pengelolaan risiko yang matang, dan      initiatives, sound risk management, and strong synergies across
sinergi di seluruh Grup MPM telah memungkinkan Perseroan            the MPM Group have enabled the Company to maintain solid
mempertahankan kinerja yang solid sepanjang tahun.                  performance throughout the year.


Pada kesempatan ini, kami ingin menyampaikan apresiasi yang         On this occasion, we extend our sincere appreciation to the Board
tulus kepada Dewan Komisaris atas arahan dan nasihatnya,            of Commissioners for their guidance and advice, to all employees
kepada seluruh karyawan atas dedikasi dan kerja kerasnya,           for their dedication and hard work, to business partners for their
kepada mitra usaha atas kepercayaan dan kerja sama, serta           trust and collaboration, and to shareholders for their continued
kepada para pemegang saham atas dukungan yang terus                 support, which have empowered the Company to drive innovation
mendorong Perseroan untuk berinovasi dan menciptakan nilai          and long-term value creation.
jangka panjang.


Dengan semangat yang sama, Perseroan siap melangkah                 With the same spirit, the Company is ready to move forward into
ke tahun 2026, menghadapi peluang dan tantangan dengan              2026, embracing opportunities and challenges with confidence,
keyakinan, serta terus menghadirkan kinerja yang konsisten dan      while continuing to deliver consistent performance and
manfaat berkelanjutan bagi seluruh pemangku kepentingan.            sustainable value for all stakeholders.




                                                      Atas Nama Direksi,
                                               On Behalf of the Board of Directors,
                                                PT Mitra Pinasthika Mustika Tbk




                                                    SUWITO MAWARWATI
                                                        Direktur Utama
                                                       President Director




                                                                                                         PT Mitra Pinasthika Mustika Tbk
                                                                                                                     2025 Annual Report    39
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             Pengantar             Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction          Performance Highlights   Management Report   Company Profile            Business Support Overview




                  Suwito Mawarwati                          Beatrice Kartika               Kemal Mawira
                      Direktur Utama                            Direktur                        Direktur
                     President Director                         Director                        Director




     PT Mitra Pinasthika Mustika Tbk
40   Laporan Tahunan 2025
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Tanggung Jawab atas Laporan Tahunan
Responsibility for the Annual Report


                   Surat Pernyataan Dewan Komisaris dan Direksi tentang Tanggung Jawab
                         atas Laporan Tahunan 2025 PT Mitra Pinasthika Mustika Tbk
              Statement of Board of Commissioners and Board of Directors on the Responsibility
                       for the 2025 Annual Report of PT Mitra Pinasthika Mustika Tbk

Kami, yang bertanda tangan di bawah ini, menyatakan bahwa           We, the undersigned, declare all information contained in 2025
semua informasi dalam Laporan Tahunan Perseroan tahun 2025          Annual Report of The Company has been presented entirety, and
telah dimuat secara lengkap dan kami bertanggung jawab penuh        that we assume full responsibility for the accuracy of the contents
atas kebenaran isi Laporan Tahunan Perseroan.                       of the Annual Report of the Company.


Demikian pernyataan ini dibuat dengan sebenarnya.                   This statement is hereby made in all integrity.

                                                       Jakarta, April 2026

                                                       Dewan Komisaris
                                                    Board of Commissioners




                                                      Edwin Soeryadjaya
                                                         Komisaris Utama
                                                      President Commissioner



                     Tossin Himawan                                                           Danny Walla
                          Komisaris                                                             Komisaris
                        Commissioner                                                          Commissioner




                 Istama Tatang Siddharta                                                 Benny Redjo Setyono
                     Komisaris Independen                                                  Komisaris Independen
                   Independent Commissioner                                              Independent Commissioner



                                                           Direksi
                                                      Board of Directors




                                                      Suwito Mawarwati
                                                         Direktur Utama
                                                        President Director




                     Beatrice Kartika                                                        Kemal Mawira
                           Direktur                                                              Direktur
                           Director                                                              Director
Page 44
             Pengantar            Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




     Profil
     Perusahaan
     Company Profile




                Sebagai bagian dari komitmen
                jangka panjang, Perseroan
                mengintegrasikan prinsip ESG
                dalam strategi bisnisnya.

                As part of its long-term
                commitment, the Company
                integrates ESG principles into its
                business strategies.




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Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan   Tanggung Jawab Sosial dan Lingkungan Hidup
Management Discussion and Analysis   Corporate Governance     Environmental and Social Responsibility




                                                                                PT Mitra Pinasthika Mustika Tbk
                                                                                            2025 Annual Report    43
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             Pengantar             Ikhtisar Kinerja            Laporan Manajemen            Profil Perusahaan           Tinjauan Pendukung Bisnis
             Introduction          Performance Highlights      Management Report            Company Profile             Business Support Overview




     Identitas Perusahaan
     Company Identity


              Nama Perseroan                                                       Dasar Hukum Pendirian
              Company Name                                                         Legal Basis of Establishment

              PT Mitra Pinasthika Mustika Tbk                            Perseroan didirikan berdasarkan Akta No. 2 tanggal 2 November
                                                                         1987, yang kemudian mengalami perubahan melalui Akta No. 6
              Tanggal Pendirian                                          tanggal 1 Juli 1988 oleh Notaris Ny. Rukmasanti Hardjasatya,
              Establishment Date                                         SH, di Jakarta. Akta pendirian ini telah disahkan oleh Menteri
                                                                         Kehakiman melalui Keputusan No. C2-7013.HT.01.01.Th.88
                                                                         tanggal 11 Agustus 1988, didaftarkan di Kepaniteraan Pengadilan
              2 November 1987 | November 2, 1987                         Negeri Jakarta Utara dengan No. 241/Leg/1988 tanggal 29
                                                                         Agustus 1988, serta diumumkan dalam Tambahan No. 1025
              Bidang Usaha Perseroan                                     pada Berita Negara No. 77 tanggal 23 September 1988.
              Business Field
                                                                         The Company was established based on Deed No. 2 dated
                                                                         November 2, 1987, which was later amended through Deed No.
              Perdagangan, jasa, industri, dan pengangkutan darat
                                                                         6 dated July 1, 1988 by Notary Ny. Rukmasanti Hardjasatya,
              Trade, services, industry, and land transportation
                                                                         SH, in Jakarta. This deed of establishment was approved by the
                                                                         Minister of Justice through Decree No. C2-7013.HT.01.01.Th.88
              Modal Dasar                                                dated August 11, 1988, registered at the Registrar of the North
              Authorized Capital                                         Jakarta District Court under No. 241/Leg/1988 dated August
                                                                         29, 1988, and announced in Supplement No. 1025 to the State
              Rp5.000.000.000.000                                        Gazette No. 77 dated September 23, 1988.

              Modal Ditempatkan dan Disetor                                        Komposisi Pemegang Saham (per 31 Desember 2025)
              Issued and Fully Paid-up Capital                                     Shareholder Composition (as of December 31, 2025)

                                                                                                            PT Saratoga Investama Sedaya Tbk
              Rp2.193.481.638.000
                                                                                                            57,67%
              Tanggal Pencatatan Saham                                                                      PT Persada Capital Investama
              Share Listing Date                                                                            5,09%
                                                                                    31 Desember/
                                                                                   December 2025
              29 Mei 2013 | May 29, 2013                                                                    Masyarakat/Public
                                                                                                            37,08%
              Lembaga Pencatatan Saham
              Stock Exchange                                                                                Saham Treasuri/Treasury Shares
                                                                                                            0,16%
              PT Bursa Efek Indonesia
              Jakarta Stock Exchange Building Tower I                              Jumlah Karyawan Perseroan dan Entitas Anak
              Jl. Jenderal Sudirman Kav. 52-53 Jakarta 12190                       (per 31 Desember 2025)
                                                                                   Total Employees of the Company and Subsidiaries
                                                                                   (as of December 31, 2025)
              Kode Saham
              Ticker Code
                                                                         Pria/Male : 1.016
                                                                         Wanita/Female: 478
              MPMX                                                       Total: 1.494 Karyawan/Employees

              Alamat Kantor Pusat                                        Informasi terkait hal ini diuraikan pada Bab Tinjauan Pendukung Bisnis,
              Head Office Address                                        Subbab Sumber Daya Manusia.
                                                                         Relevant information is presented on Human Capital Sub Chapter of
              Menara Karya, Lantai 17/17th Floor                         Business Support Overview Chapter.
              Jalan H.R. Rasuna Said Blok X-5, Kav. 1-2, Jakarta
              12950, Indonesia                                                     Media Sosial
              +6221 2168 9255/56                                                   Social Media
              +6221 2168 9259
              Alamat Surat Elektronik/E-mail Address:                        mpmworld
              › Sekretaris Perusahaan/Corporate Secretary:
                 corsecmpm@mpm-ho.com                                        @mpmgroup
              › Hubungan Investor/Investor Relations:                        MPM Group
                 ir@mpm-ho.com
              › Komunikasi Korporat/Corporate Communication:                 @experiencempm
                 corcomm@mpm-ho.com                                          MPM Group (PT Mitra Pinasthika Mustika Tbk)
              Situs web/Website: www.mpmgroup.co.id




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44   Laporan Tahunan 2025
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        Analisis dan Pembahasan Manajemen                Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis               Corporate Governance              Environmental and Social Responsibility




Riwayat Singkat
Brief History


Perseroan didirikan pada tahun 1987 dan memperoleh status                The Company was established in 1987 and obtained legal entity
badan hukum sebagai Perseroan Terbatas pada tahun 1988.                  status as a limited liability company in 1988. In its early years,
Pada awal berdirinya, Perseroan berfokus pada distribusi sepeda          the Company focused on the distribution of Honda motorcycles
motor Honda di Indonesia. Seiring perkembangan, pada tahun               in Indonesia. As the business developed, in 1992 the Company
1992 Perseroan mulai menekuni bisnis penjualan sepeda motor              expanded into retail motorcycle sales, which subsequently
secara ritel, yang kemudian menjadi salah satu pilar utama               became one of the main pillars of its business growth.
pertumbuhan usaha.

Dalam perjalanannya, Perseroan memperluas portofolio ke                  Through the years, the Company has broadened its portfolios
berbagai bidang usaha, baik secara langsung maupun melalui               into various business lines, both directly and through its
Entitas Anak dan Entitas Asosiasi, termasuk pembiayaan, asuransi,        Subsidiaries and Associates, including financing, insurance, and
serta layanan mobilitas lainnya. Tonggak penting terjadi pada            other mobility-related services. A significant milestone occurred
tahun 2013 ketika Perseroan melaksanakan Penawaran Umum                  in 2013 when the Company conducted an Initial Public Offering
Perdana Saham (IPO) sebanyak 970 juta saham biasa, dan resmi             (IPO) of 970 million ordinary shares and was officially listed on
tercatat di Bursa Efek Indonesia dengan kode emiten MPMX.                the Indonesia Stock Exchange under the ticker code MPMX.

Transformasi berlanjut dengan peluncuran identitas korporasi             The transformation continued as it launched a new corporate
baru pada tahun 2017, serta divestasi bisnis pelumas pada                identity in 2017, followed by the divestment of the lubricants
tahun 2018 untuk memperkuat fokus pada layanan mobilitas dan             business in 2018 to strengthen the Company’s focus on mobility
asuransi. Hingga kini, dengan pengalaman lebih dari tiga dekade,         and insurance services. Today, with more than three decades of
Perseroan terus beradaptasi terhadap dinamika pasar dan                  experience, the Company continues to adapt to market dynamics
kebutuhan konsumen, serta konsisten menjalankan visi sebagai             and evolving consumer needs, while consistently pursuing its
penyedia smart mobility yang memberikan dampak positif bagi              vision as a smart mobility provider that delivers positive impacts
masyarakat, lingkungan, dan seluruh pemangku kepentingan.                for society, the environment, and all stakeholders.

Sebagai bagian dari komitmen jangka panjang, Perseroan                   As part of its long-term commitment, the Company integrates ESG
mengintegrasikan prinsip ESG dalam strategi bisnisnya. Hal ini           principles into its business strategies. Such commitment is realized
diwujudkan melalui penerapan praktik keberlanjutan di seluruh            through the implementation of sustainability practices across all
lini usaha, mulai dari efisiensi energi dan pengelolaan lingkungan,      business lines, ranging from energy efficiency and environmental
peningkatan kesejahteraan karyawan dan masyarakat, hingga                management to the enhancement of employee and community
penguatan tata kelola perusahaan yang transparan dan                     welfare, as well as the strengthening of transparent and accountable
akuntabel. Dengan pendekatan ini, Perseroan tidak hanya                  corporate governance. Through this approach, the Company
berfokus pada kinerja finansial, tetapi juga pada kontribusi nyata       focuses not only on financial performance but also on making
terhadap pembangunan berkelanjutan di Indonesia.                         tangible contributions to sustainable development in Indonesia.

Informasi Perubahan Nama Perseroan                                       Information on the Change of Company Name

Sejak awal pendiriannya hingga akhir tahun 2025, Perseroan               As of its establishment date until the end of 2025, the Company
tidak pernah mengalami perubahan nama. Penyesuaian hanya                 has never undergone any changes of its name. The only
dilakukan pada 29 Mei 2013, ketika saham Perseroan resmi                 adjustment occurred on May 29, 2013, when the Company’s
tercatat di Bursa Efek Indonesia, sehingga nama Perseroan                shares were officially listed on the Indonesia Stock Exchange,
menjadi PT Mitra Pinasthika Mustika Tbk yang mencerminkan                at which time the Company’s name became PT Mitra Pinasthika
statusnya sebagai perusahaan terbuka.                                    Mustika Tbk, reflecting its status as a publicly listed company.




                                                                                                              PT Mitra Pinasthika Mustika Tbk
                                                                                                                          2025 Annual Report    45
Page 48
              Pengantar           Ikhtisar Kinerja                       Laporan Manajemen                Profil Perusahaan              Tinjauan Pendukung Bisnis
              Introduction        Performance Highlights                 Management Report                Company Profile                Business Support Overview




     Jejak Langkah                                                                                                            2013
     Milestone                                                                                                                › Perseroan menerima Surat
                                                                                                                                Pernyataan Efektif dari Otoritas
                                                                                                                                Jasa Keuangan sebagai dasar
                                                                                                                                pelaksanaan          Penawaran
                                                                                                                                Umum Perdana Saham (Initial
                                                                                                                                Public Offering/IPO) sebanyak
                                                                                                                                970.000.000 saham biasa yang
                                                                                                                                ditawarkan kepada masyarakat.
                                             1992                                                                               Saham tersebut kemudian resmi
                                                                                                                                tercatat di Bursa Efek Indonesia
                                                                                                                                dengan kode MPMX.
                                             Sebagai langkah awal dalam
                                                                                                                              › PT Mitra Pinasthika Mustika
                                             memperluas akses langsung              2010                                        Auto, Entitas Anak, ditunjuk
                                             kepada konsumen, Perseroan                                                         sebagai diler nasional kedua
                                             membuka gerai ritel pertama            Perseroan melakukan restrukturisasi         oleh PT Nissan Motor Distribusi
                                             dengan        nama    MPMMotor.        bisnis dengan membentuk Entitas             Indonesia, memperluas jaringan
                                             Inisiatif ini menandai dimulainya      Anak bernama MPMulia. Melalui               distribusi kendaraan bermotor
                                             kegiatan penjualan langsung            langkah ini, kegiatan distribusi            dan meningkatkan daya saing di
       1987                                  sepeda motor oleh Perseroan,           sepeda motor yang bersifat business         pasar domestik.
                                             sekaligus memperkuat posisinya         to business dialihkan dari Perseroan
       Perjalanan Perseroan sebagai          dalam rantai distribusi otomotif       kepada MPMulia, guna meningkatkan         › The Company received an
       penyedia solusi mobilitas berawal     nasional.                              efisiensi dan fokus operasional di          Effective      Statement     Letter
       dari gagasan Bapak William                                                   segmen tersebut.                            from the Indonesia Financial
       Soeryadjaya, yang mendirikan          As an initial step to expand                                                       Services Authority as the basis
       perusahaan ini sebagai tonggak        direct access to consumers,            The Company carried out a business          for conducting its Initial Public
       awal dalam memenuhi kebutuhan         the Company opened its first           restructuring    by     establishing        Offering (IPO) of 970,000,000
       masyarakat Indonesia.                 retail outlet under the name           a Subsidiary named MPMulia.                 ordinary shares that is offered
                                             MPMMotor.        This     initiative   Through this initiative, business-          to the public. The shares were
       The Company’s journey as a            marked the commencement of             to-business motorcycle distribution         officially listed on the Indonesia
       mobility solutions provider began     the Company’s direct motorcycle        activities were transferred from            Stock Exchange under the ticker
       with William Soeryadjaya’s vision     sales activities, while also           the Company to MPMulia, with the            code MPMX.
       of establishing the company           strengthening      its     position    aim of enhancing efficiency and           › PT Mitra Pinasthika Mustika
       with aim to address the needs of      within the national automotive         strengthening operational focus             Auto,     a     Subsidiary,   was
       Indonesian society.                   distribution value chain.              within this segment.                        appointed as the second
                                                                                                                                national dealer by PT Nissan
                                                                                                                                Motor Distribusi Indonesia,
                                                                                                                                thereby expanding the motor
                                                                                                                                vehicle distribution network and
                                                                                                                                enhancing competitiveness in
                                                                                                                                the domestic market.


       1988

       Perseroan mendirikan PT Federal
       Karyatama (FKT) sebagai Entitas       1994
       Anak untuk menjalankan usaha di
                                                                                    2012
       bidang manufaktur dan pengemasan      Sebagai bagian dari strategi
       pelumas.      FKT     memproduksi     ekspansi bisnis di sektor
                                                                                    › Dalam      rangka      memperluas        2014
       pelumas dengan merek “Federal Oil”    pembiayaan,       Perseroan
                                                                                      cakupan       layanan     mobilitas
       untuk sepeda motor dan “Federal       memperkuat         portofolio
                                                                                      dan      pembiayaan,     Perseroan       Penggabungan usaha PT Mitra
       Mobil” untuk kendaraan roda empat,    usahanya melalui akuisisi
                                                                                      mengambil alih MPMRent serta PT          Pinasthika   Mustika     Finance
       serta mengemas pelumas bermerek       saham PT Sasana Artha
                                                                                      Mitra Pinasthika Mustika Finance         dan PT Sasana Artha Finance
       “AHM Oil” yang dirancang khusus       Finance.    Langkah       ini
                                                                                      beserta Entitas Anaknya.                 menghasilkan     entitas    baru
       sebagai pelumas Original Equipment    diambil untuk mendorong
                                                                                    › Untuk     memperkuat       integrasi     bernama JACCS MPMFinance
       Manufacturer (OEM) bagi sepeda        pertumbuhan    berkelanjutan
                                                                                      layanan       dalam      ekosistem       Indonesia (sebelumnya PT Mitra
       motor Honda di Indonesia. Sejak       dan memperluas kontribusi
                                                                                      bisnis, Perseroan membentuk              Pinasthika Mustika Finance),
       tahun 2018, FKT tidak lagi menjadi    Perseroan dalam layanan
                                                                                      MPMInsurance sebagai penyedia            yang     memperkuat      layanan
       bagian dari grup Perseroan.           pembiayaan nasional.
                                                                                      solusi asuransi.                         pembiayaan dan meningkatkan
                                                                                    › Kolaborasi            internasional      kemampuan perusahaan dalam
       The Company established PT Federal    As part of its business
                                                                                      terjalin dengan JACCS Co. Ltd.,          memenuhi kebutuhan pelanggan.
       Karyatama (FKT) as a Subsidiary       expansion       strategy     in
                                                                                      perusahaan pembiayaan asal
       that engages in the manufacturing     the financing sector, the
                                                                                      Jepang, yang mengakuisisi 40,00%         The business merger between PT
       and packaging of lubricants. FKT      Company strengthened its
                                                                                      saham PT Sasana Artha Finance            Mitra Pinasthika Mustika Finance
       produces lubricants under the         business portfolio through
                                                                                      disertai hak opsi.
       “Federal Oil” brand for motorcycles   the acquisition of shares in                                                      and PT Sasana Artha Finance
       and the “Federal Mobil” brand for     PT Sasana Artha Finance. This                                                     resulted in the establishment
                                                                                    › In order to expand the scope of
       four-wheeled vehicles, as well as     strategic move was undertaken                                                     of a new entity named JACCS
                                                                                      mobility and financing services,
       packages lubricants under the “AHM    to drive sustainable growth                                                       MPMFinance             Indonesia
                                                                                      the Company acquired MPMRent
       Oil” brand, which are specifically    and expand the Company’s                                                          (formerly PT Mitra Pinasthika
                                                                                      as well as PT Mitra Pinasthika
       designed as Original Equipment        contribution to the national                                                      Mustika Finance). This merger
                                                                                      Mustika       Finance  and     its
       Manufacturer (OEM) lubricants for     financing services industry.                                                      strengthened     the    financing
                                                                                      Subsidiaries.
       Honda motorcycles in Indonesia.                                                                                         services and enhanced the
                                                                                    › To strengthen service integration
       Since 2018, FKT has no longer been                                                                                      Company’s capability to better
                                                                                      within its business ecosystem,
       part of the Company’s group.                                                                                            meet customer needs.
                                                                                      the      Company      established
                                                                                      MPMInsurance as an insurance
                                                                                      solutions provider.
                                                                                    › An international collaboration
                                                                                      was established with JACCS Co.
                                                                                      Ltd., a Japan-based financing
                                                                                      company, which acquired a
                                                                                      40.00% shareholding in PT Sasana
                                                                                      Artha Finance, accompanied by an
                                                                                      option right.



     PT Mitra Pinasthika Mustika Tbk
46   Laporan Tahunan 2025
Page 49
       Analisis dan Pembahasan Manajemen                       Tata Kelola Perusahaan                 Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis                      Corporate Governance                   Environmental and Social Responsibility




                                                                                 2020-2021

                                                                                 › Kepemilikan saham Perseroan
                                          2018                                     di MPMInsurance bertambah
                                                                                   hingga 88%, mempertegas
                                          Dalam rangka memperkuat fokus            kontribusi Perseroan dalam
2015                                      pada lini bisnis inti, Perseroan         membangun           ekosistem
                                          melakukan         restrukturisasi        otomotif yang terintegrasi.
Keberhasilan Perseroan dalam              portofolio   melalui    divestasi      › Peluncuran platform digital
menjaga    kinerja     solid  dan         penuh atas kepemilikan saham             mobil      bekas      menjadi
menerapkan strategi bisnis efektif        di PT Federal Karyatama. Aksi            bagian dari pengembangan
mendapat pengakuan melalui                korporasi ini terealisasi melalui        ekosistem digital Perseroan,
penghargaan “50 Best Companies”           penjualan     100,00%     saham          yang      dirancang     untuk
dari Majalah Forbes Indonesia.            kepada Esso Petroleum Co. Ltd.           memperluas layanan otomotif
Pencapaian ini menegaskan posisi          dan ExxonMobil UK Limited.               dan memperkuat integrasi
Perseroan sebagai salah satu                                                       bisnis berbasis teknologi.
perusahaan terbaik di Indonesia.          In order to strengthen its
                                          focus on core business lines,          › The Company’s shareholding           2023-2024
The Company’s success in                  the    Company      restructured         in MPMInsurance increased
maintaining solid performance and         its portfolio through the full           to 88%, reinforcing the              Secara    bertahap    Perseroan
implementing effective business           divestment of its shareholding           Company’s        contribution        meningkatkan kepemilikan saham
strategies was recognized through         in PT Federal Karyatama. This            to building an integrated            di MPMInsurance, dimulai dengan
the “50 Best Companies” award             corporate action was completed           automotive ecosystem.                peningkatan dari 96,00% menjadi
                                          through the sale of 100.00% of         › The launch of a digital used-        99,50%, dan kemudian dilanjutkan
from Forbes Indonesia magazine.
                                          the shares to Esso Petroleum Co.         car platform formed part             hingga mencapai 99,99%.
This achievement underscores the
                                          Ltd. and ExxonMobil UK Limited.          of the development of the
Company’s position as one of the
                                                                                   Company’s digital ecosystem,         The Company gradually increased
leading companies in Indonesia.
                                                                                   designed      to      expand         its shareholding in MPMInsurance,
                                                                                   automotive services and              beginning with an increase
                                                                                   strengthen technology-based          from 96.00% to 99.50%, and
                                                                                   business integration.                subsequently making another
                                                                                                                        increase until it reached 99.99%.




2017                                    2019

› Peluncuran logo, visi, dan            › Penghargaan Living Legend
  misi baru oleh Grup MPM                 Company dari Majalah Warta
  menjadi simbol transformasi             Ekonomi menjadi penanda atas
  identitas perusahaan, sekaligus         perjalanan panjang Perseroan
  menegaskan              komitmen        dalam       industri     otomotif      2022
  Perseroan untuk tumbuh adaptif          nasional. Reputasi ini dibangun
  dan relevan di tengah dinamika          melalui konsistensi kinerja dan
                                                                                 › Penataan portofolio Perseroan
  industri yang terus berkembang.         komitmen berkelanjutan.
                                                                                   diwujudkan melalui pelepasan
› Penyelesaian             transaksi    › Kehadiran       PT      Saratoga
                                                                                   49,9997% kepemilikan saham
  penjualan 20,00% saham di               Investama Sedaya Tbk sebagai                                                  2025
                                          Pemegang Saham Pengendali                di MPMRent kepada Trusty
  JACCS MPMFinance Indonesia                                                       Cars Pte. Ltd. (Carro).
  kepada JACCS Co. Ltd. menjadi           memperkokoh               struktur                                            MPMMotor berhasil memperluas
                                          kepemilikan Perseroan serta            › Sebagai bagian dari strategi
  langkah      strategis       untuk                                                                                    jangkauan operasional melalui
                                          membuka peluang sinergi yang             portofolio,           Perseroan
  memperkuat kemitraan global                                                                                           pembukaan tiga cabang baru di
                                          lebih luas dalam mendukung               meningkatkan kepemilikan di
  dan     mendukung         ekspansi                                                                                    Bangil, Morowali, dan Waingapu,
                                          strategi            pertumbuhan          MPMInsurance hingga 96,00%.
  layanan     pembiayaan        yang                                                                                    sebagai bagian dari komitmen
  berkelanjutan.                          berkelanjutan.
                                                                                 › The Company streamlined              untuk   memperkuat    kehadiran
› Perayaan          30         tahun    › Peluncuran pool lelang perdana
                                                                                   its portfolio through the            perusahaan   dan     mendukung
  perjalanan Perseroan menjadi            oleh PT Balai Lelang Asta Nara
                                                                                   divestment of a 49.9997%             pengembangan ekonomi di daerah.
  momentum         reflektif     atas     Jaya, Entitas Anak MPMRent,
  kontribusi          berkelanjutan       menjadi tonggak ekspansi bisnis          shareholding in MPMRent to
  dalam mendukung mobilitas               di sektor lelang kendaraan dan           Trusty Cars Pte Ltd. (Carro).        MPMMotor successfully expanded
  masyarakat dan pertumbuhan              memperkuat portofolio layanan          › As part of its portfolio strategy,   its operational outreach through
  industri otomotif nasional.             Perseroan.                               the    Company          increased    the opening of three new branches
                                                                                   its ownership interest in            in Bangil, Morowali, and Waingapu,
› The launch of a new logo, vision,     › The acceptance of Living Legend          MPMInsurance to 96.00%.              reflecting its commitment to
  and mission by the MPM Group            Company award from Warta                                                      building the Company’s stronger
  symbolized the transformation of        Ekonomi marked the Company’s                                                  presence and supporting regional
  the Company’s corporate identity,       long-standing        journey      in                                          economic development.
  while reaffirming its commitment        Indonesia’s national automotive
  to adaptive growth and continued        industry. This reputation has
  relevance amid an evolving              been built through consistent
  industry landscape.                     performance and a sustained
› The completion of the sale of a         commitment to long-term growth.
  20.00% equity stake in JACCS          › The presence of PT Saratoga
  MPMFinance        Indonesia     to      Investama Sedaya Tbk as the
  JACCS Co. Ltd. represented a            Controlling     Shareholder      has
  strategic step to strengthen the        strengthened the Company’s
  global partnership and support          ownership structure and opened
  the sustainable expansion of            broader synergy opportunities to
  financing services.                     support its sustainable growth
› The celebration of the Company’s        strategy.
  30-year journey served as a           › The launch of the first auction pool
  reflective milestone, highlighting      by PT Balai Lelang Asta Nara Jaya,
  its sustained contribution to           a subsidiary of MPMRent, marked
  supporting public mobility and          a milestone in business expansion
  the growth of Indonesia’s national      within the vehicle auction sector
  automotive industry.                    and strengthened the Company’s
                                          service portfolio.



                                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                                                      2025 Annual Report     47
Page 50
             Pengantar            Ikhtisar Kinerja            Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights      Management Report           Company Profile             Business Support Overview




     Visi dan Misi
     Vision and Mission



                                                            VISI | VISION
                            Memberikan dampak positif pada kehidupan melalui mobilitas
                                        yang cerdas dan integrasi sosial.
                             To positively impact lives through smart mobility and social integration.

                                                           MISI | MISSION
         Menciptakan ekosistem untuk ide-ide terbaik (inovasi yang membawa perubahan
        besar) yang dihadirkan melalui produk dan layanan yang paling relevan (memahami
            orang dengan lebih baik) dengan cara yang paling efektif (model bisnis yang
       dioptimalkan dan cross selling) oleh orang-orang yang paling berbakat (dengan kultur
                        untuk menampilkan kinerja terbaik) di industri kita.
       To create ecosystems of the best ideas (game-changing innovation) delivered through the most relevant
         products and services (understanding people better) in the most effective ways (optimized business
           model and cross selling), by the most talented people (high-performance culture) in our industry.


     Tinjauan terhadap Visi, Misi oleh Dewan                            Overview of Vision and Mission by the Board of
     Komisaris dan Direksi                                              Commissioners and Board of Directors

     Dewan Komisaris dan Direksi telah melakukan peninjauan atas        The Board of Commissioners and the Board of Directors have
     visi dan misi Perseroan pada tahun 2025. Hasil peninjauan          conducted a review of the Company’s vision and mission in
     menegaskan bahwa visi dan misi tersebut masih relevan dengan       2025. The results of the review confirmed that the vision and
     strategi pertumbuhan berkelanjutan. Dengan demikian, Dewan         mission were well aligned with the sustainable growth strategy.
     Komisaris dan Direksi menyepakati untuk mempertahankan visi        Accordingly, the Board of Commissioners and the Board of
     dan misi tersebut sebagai pedoman strategis dalam mendukung        Directors have agreed to maintain the vision and mission as
     arah dan kebijakan korporasi ke depan.                             strategic guidelines in supporting the corporate direction and
                                                                        policies in the coming years.




     Nilai-Nilai Perusahaan
     Corporate Values

     Nilai-nilai perusahaan merupakan fondasi yang menuntun setiap      Corporate values serve as the foundation that guides every
     insan Perseroan dalam berpikir, bertindak, dan berkolaborasi.      individual within the Company in thinking, acting, and collaborating.
     Kerangka utama nilai tersebut dirumuskan dalam CREDO, yang         The main framework of these values is formulated in CREDO,
     menjadi kompas budaya kerja, tata kelola, dan arah strategis       which is the Company’s compass for implementing work culture,
     Perseroan. Nilai-nilai tersebut tidak hanya menjadi acuan dalam    governance, and strategic direction. These values not only become
     pelaksanaan tugas dan tanggung jawab, tetapi juga membentuk        a reference in the execution of duties and responsibilities but also
     budaya organisasi yang kuat, mendorong terciptanya inovasi,        shape a strong organizational culture, encourage innovation,
     menegakkan prinsip tanggung jawab, menumbuhkan rasa                uphold the principle of responsibility, foster a sense of belonging
     memiliki perusahaan yang tercermin melalui keterlibatan aktif      to the company as reflected through active engagement in every
     dalam setiap pemikiran, tanggung jawab dan tindakan, serta         thought, responsibility, and action, and strengthen the spirit of
     memperkuat semangat kolaborasi di seluruh aspek operasional.       collaboration across all operational aspects.




     PT Mitra Pinasthika Mustika Tbk
48   Laporan Tahunan 2025
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        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




Tiga elemen utama CREDO yang membentuk karakter                        The three main elements of CREDO that characterize the
budaya kerja Perseroan adalah:                                         Company’s work culture are:




       Progressive Thinking                            Active Ownership                                 Collaboration
    Kami percaya pada kekuatan ide.            Kami percaya tindakan kami akan                  Kami percaya bahwa realisasi
     Tidak peduli dari mana pun ide           berpengaruh bagi orang lain. Penuh               impian yang paling berpengaruh
   tersebut berasal. Kami merangkul            semangat dalam mengendalikan                   terjadi saat kita bekerja bersama-
  ide-ide dan pengetahuan baru yang           diri atas tindakan kami dan menjadi             sama dan menghilangkan kendala
      membantu kami untuk maju.                   proaktif akan menuntun pada                untuk memberikan kekuatan kolektif
                                                   kesuksesan ekosistem kita.                          masyarakat kita.
   We believe in the power of ideas.           We believe our actions will affect            We believe that the most impactful
 No matter where they come from. We          others. Being excited to take personal          realization of our dreams happens
  embrace new ideas and knowledge             ownership of our actions and being             when we work jointly together and
     that help us move forward.               proactive will lead to the success of         remove our constraints to deliver the
                                                        our ecosystem.                         collective power of our people.


Dari ketiga pilar CREDO tersebut, dikembangkan 10 beliefs yang         Referring to those three CREDO pillars, 10 beliefs have been
menjadi pedoman perilaku sehari-hari di seluruh lini usaha.            developed to serve as guidelines for daily behavior to be
Beliefs ini menegaskan komitmen terhadap profesionalisme,              carried out across all business lines. These beliefs reinforce the
akuntabilitas, dan penciptaan nilai berkelanjutan.                     commitment to professionalism, accountability, and sustainable
                                                                       value creation.


Adapun 10 beliefs yang menjadi fondasi budaya kerja Perseroan          The 10 beliefs that form the foundation of the Company's work
adalah:                                                                culture are:


kita senantiasa bersyukur atas apa yang kita miliki;               1    we should be grateful for what we have;

para pemimpin kita harus berwibawa dan bersahaja;                  2    our leaders should be respectable and humble;

kesuksesan dan keunggulan kita berasal dari kecerdikan, kerja           our success and strengths come from our resourcefulness,
sama dan semangat untuk berprestasi tinggi;                        3    collaboration and passion for excellence;

keunggulan daya saing kita dicapai dari perbaikan
                                                                        our competitiveness is driven by our active ownership and
berkesinambungan dan kemampuan untuk beradaptasi                   4    ability to think progressively;
terhadap perubahan;

kita bertanggung jawab untuk membuat pelanggan senang                   we are responsible to keep our customers happy by exceeding
dengan cara melampaui harapan mereka;                              5    their expectations;

para pemegang saham berhak mendapatkan keuntungan yang
layak atas investasi mereka;                                       6    our shareholders deserve a fair return for their investments;

kepercayaan dari pemangku kepentingan hanya dapat diraih                trust from our stakeholders can only come through the highest
melalui integritas tanpa kompromi;                                 7    level of integrity;

kita menghargai, peduli, dan berlaku adil terhadap mitra usaha
dan pemasok;                                                       8    our partners and suppliers deserve respect, care, and fairness;

prestasi kerja individu maupun kelompok harus diakui dan                both individual and group achievements should be recognized
dihargai; dan                                                      9    and rewarded; and

keberadaan kita hendaknya memberi dampak positif bagi
lingkungan.                                                       10 our existence should help our community.




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             Pengantar            Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights         Management Report          Company Profile            Business Support Overview




     Filosofi Logo Perusahaan
     Company Logo Philosophy


                                                             Jenis Huruf Font Type
                                         Jenis huruf yang digunakan dalam logo dibuat sederhana untuk
                                                         menarik perhatian ke titik temu.
                                       The font type used in the logo is kept simple to draw attention to the
                                                                    intersection.




                                                           Simbol Logo Logo's Symbol
                                             Huruf “P” pada bendera melambangkan titik temu kami.
                                              The letter “P” on the flag represents the intersection.




     Sebagai bagian dari transformasi identitas korporat, logo MPM         As part of the corporate identity transformation, the MPM
     dirancang untuk mencerminkan semangat baru yang lebih                 logo was designed to reflect a new spirit that is more modern,
     modern, adaptif, dan relevan dengan dinamika zaman. Desainnya         adaptive, and relevant to the dynamics of the times. Its minimalist
     yang minimalis menampilkan simbol berbentuk huruf “P” atau            design features a symbol in the shape of the letter “P” or a flag,
     bendera, yang merepresentasikan titik temu untuk menyatukan           representing a meeting point to unite ideas and cross-functional
     ide dan kolaborasi lintas fungsi.                                     collaboration.


     Makna dari simbol tersebut berakar pada filosofi “Collective          The meaning of this symbol is rooted in the "Collective Power"
     Power”, yaitu gagasan tentang kekuatan yang lahir dari                philosophy, the idea of strength born from togetherness. This
     kebersamaan. Filosofi ini mencerminkan semangat untuk terus           philosophy reflects the spirit of continuously moving forward
     bergerak maju melalui motivasi internal, energi yang saling           through internal motivation, mutually reinforcing energy, and
     menguatkan, dan koneksi yang berkembang secara dinamis.               dynamically growing connections. These values drive the
     Nilai-nilai inilah yang mendorong Perseroan membangun sinergi         Company to build synergy and create a new sustainable direction.
     dan menciptakan arah baru yang berkelanjutan.




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        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance               Environmental and Social Responsibility




Kegiatan Usaha
Business Activities


Pada tahun 2025, kegiatan usaha Perseroan dilaksanakan                 In 2025, the Company’s business activities were carried out with
berdasarkan Anggaran Dasar terakhir sebagaimana tercantum              respect to the latest Articles of Association as stated in the Deed
dalam Akta Pernyataan Keputusan Rapat No. 150 tanggal 29 Mei           of Statement of Meeting Resolution No. 150 dated May 29, 2024.
2024. Perubahan pada Pasal 3 ayat (2) mengenai maksud dan              The amendment to Article 3 paragraph (2) regarding the purposes
tujuan serta kegiatan usaha Perseroan menjadi landasan utama           and objectives as well as the Company’s business activities has
dalam menjalankan aktivitas usaha sepanjang tahun berjalan.            laid a foundation for us in conducting business activities in the
                                                                       current year.


Tabel berikut menjelaskan dengan rinci kegiatan usaha                  The following table details the business activities based on the
berdasarkan Anggaran Dasar terakhir serta kegiatan usaha yang          latest Articles of Association as well as the business activities
dijalankan pada tahun 2025:                                            carried out in 2025:


                                                                                                                    Kegiatan Usaha yang
                                                                                                                   Dijalankan pada Tahun
                                                                                                                           2025*
                            Kegiatan Usaha berdasarkan Anggaran Dasar Terakhir                                     Business Activities in
                        Business Activities based on the Latest Articles of Association                                    2025*

                                                                                                                    Sudah       Belum
                                                                                                                     Yes        Not yet
 Kegiatan Usaha Utama
 Main Business Activities
 Penjualan dan perdagangan besar sepeda motor baru                                                                    
 Sale and wholesale of new motorcycles
 Penjualan dan perdagangan eceran sepeda motor baru, termasuk motor sepeda atau moped                                 
 Sales and retail trade of new motorcycles, including bicycles or mopeds
 Perdagangan besar dan perdagangan eceran suku cadang sepeda motor dan aksesorinya                                    
 Wholesale and retail trade of motorcycle parts and accessories
 Perdagangan mobil baru dan mobil bekas                                                                                            
 New and used car trade
 Perdagangan suku cadang dan aksesori mobil                                                                                        
 Car parts and accessories trade
 Industri spare part kendaraan bermotor                                                                                            
 Motor vehicle spare parts industry
 Industri aksesori kendaraan bermotor                                                                                              
 Motor vehicle accessory industry
 Jasa konsultasi manajemen lainnya, yang mencakup konsultasi, bisnis, manajemen dan administrasi, dan                 
 melakukan investasi dengan cara melakukan penyertaan pada perusahaan lain secara langsung maupun
 tidak langsung
 Other management consulting services, which include consulting, business, management and administration,
 and investing in other companies directly or indirectly
 Jasa konsultasi keamanan informasi                                                                                                
 Information security consulting services
 Jasa transportasi pengangkutan                                                                                                    
 Freight transportation services
 Reparasi baterai dan akumulator listrik                                                                                           
 Repair of batteries and electric accumulators
 Penjualan tenaga listrik                                                                                                          
 Sales of electricity
 Aktivitas penunjang tenaga listrik lainnya                                                                                        
 Other electric power support activities
 Distribusi dan penjualan tenaga listrik dalam satu kesatuan usaha                                                                 
 Distribution and sale of electricity in one business unit




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                                                                                                                        2025 Annual Report    51
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             Pengantar             Ikhtisar Kinerja                  Laporan Manajemen           Profil Perusahaan    Tinjauan Pendukung Bisnis
             Introduction          Performance Highlights            Management Report           Company Profile      Business Support Overview




                                                                                                                       Kegiatan Usaha yang
                                                                                                                      Dijalankan pada Tahun
                                                                                                                              2025*
                                   Kegiatan Usaha berdasarkan Anggaran Dasar Terakhir                                 Business Activities in
                               Business Activities based on the Latest Articles of Association                                2025*

                                                                                                                      Sudah        Belum
                                                                                                                       Yes         Not yet
      Pengumpulan limbah berbahaya                                                                                                    
      Hazardous waste collection
      Aktivitas penyimpanan B3                                                                                                        
      B3 storage activities
      Kegiatan Usaha Penunjang
      Supporting Business Activities
      Jasa reparasi dan perawatan sepeda motor, termasuk pencucian sepeda motor, serta pemeliharaan,                     
      perawatan, dan perbaikan peralatan sepeda motor
      Motorcycle repair and maintenance services, including motorcycle washing, maintenance, treatment, and
      repair of motorcycle equipment
      Jasa pemeliharaan, perawatan, dan reparasi peralatan mobil                                                                      
      Maintenance, care, and repair of car equipment
      Jasa persewaan dan sewa beli kendaraan bermotor, termasuk tetapi tidak terbatas:                                   
      › Aktivitas penyewaan dan sewa guna usaha tanpa hak opsi alat transportasi darat bukan kendaraan
         bermotor roda empat atau lebih dan mobil, bus, truk, dan sejenisnya
      › Jasa sewa guna usaha dengan hak opsi
      Motor vehicle rental and leasing services, including but not limited to:
      › Leasing and rental activities without option right for non-motorized land transportation vehicles with four
         or more wheels and cars, buses, trucks, and the like
      › Leasing services with option rights
      Jasa penjualan bahan bakar mobil dan motor                                                                                      
      Sales of fuel for cars and motorcycles
      * Baik langsung maupun tidak langsung melalui Entitas Anak dan Entitas Asosiasi
      * Directly and indirectly through Subsidiaries and Associates




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        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




Produk dan Jasa
Products and Services


Pada tahun 2025, Perseroan menghadirkan beragam produk dan          In 2025, the Company offered various products and services
layanan melalui Entitas Anak maupun Entitas Asosiasi. Berbagai      through its Subsidiaries and Associates. Various products and
produk dan jasa dikembangkan untuk memperluas cakupan               services were developed to widen the Company's business range
usaha Perseroan sekaligus memperkuat daya saing di industri.        while strengthening its competitiveness in the industry.


Uraian berikut menjelaskan dengan rinci produk dan jasa yang        The following description explains in detail the products and
dijalankan Perseroan pada tahun 2025:                               services offered by the Company in 2025:


           Distribusi, Ritel, dan Aftermarket                                 Distribution, Retail, and Aftermarket

Perseroan menjalankan kegiatan usaha distribusi, ritel, dan         The Company operates distribution, retail, and aftermarket
aftermarket melalui Entitas Anak, yaitu:                            business activities through its Subsidiaries, they are:
› MPMulia berperan sebagai distributor tunggal dan terpercaya       › MPMulia acts as the sole and trusted distributor for after-
   untuk layanan purna jual serta suku cadang sepeda motor             sales services and spare parts for Honda motorcycles in East
    Honda di wilayah Jawa Timur dan Nusa Tenggara Timur; dan           Java and East Nusa Tenggara; and
›   MPMMotor menyediakan jasa layanan penjualan, perbaikan,         › MPMMotor provides two-wheeler sales, repair, and trading
    dan jual beli roda dua di wilayah Jawa Timur dan Nusa              services in East Java and East Nusa Tenggara. MPMMotor
    Tenggara Timur. MPMMotor merupakan unit bisnis dalam               is business unit under the Company which operates retail
    Perseroan yang menjalankan kegiatan usaha ritel. MPMMotor          business. MPMMotor is not a separate legal entity.
    bukan merupakan suatu entitas hukum tersendiri.

                          Asuransi                                                            Insurance

Perseroan melalui Entitas Anak, yaitu MPMInsurance,                 The Company through its Subsidiary, MPMInsurance, provides
menyediakan layanan asuransi umum yang mencakup:                    general insurance services which include:
› Asuransi kendaraan bermotor;                                      ›   Motor vehicle insurance;
› Asuransi properti;                                                ›   Property insurance;
› Asuransi rekayasa;                                                ›   Engineering insurance;
› Asuransi tanggung gugat;
                                                                    ›   Comprehensive general liability insurance;
› Asuransi pengangkutan; dan
                                                                    ›   Marine cargo insurance; and
› Asuransi rangka kapal.
                                                                    ›   Marine hull insurance.

                       Transportasi                                                        Transportation

Perseroan mengelola layanan transportasi melalui Entitas            The Company manages transportation services through its
Asosiasi, yaitu MPMRent, yang menawarkan produk dan jasa            Associates, MPMRent, which offers the following products and
sebagai berikut:                                                    services:
› Penyewaan kendaraan dengan jasa pengemudi;                        › Vehicle rental with driver services;
› Manajemen pemakaian kendaraan jangka panjang dan                  › Long-term and short-term vehicle usage management for
   pendek untuk pelanggan korporat; dan                                corporate customers; and
› Kegiatan usaha transportasi lainnya.                              › Other transportation business activities.

                       Pembiayaan                                                             Financing

Perseroan melalui Entitas Asosiasi, yaitu JACCS MPMFinance          The Company through its Associates, JACCS MPMFinance
Indonesia, menyediakan layanan pembiayaan untuk berbagai            Indonesia, offers multi-purpose financing services, such as:
kebutuhan, seperti:
› Kepemilikan kendaraan roda dua; dan                               ›   Ownership of two-wheelers; and
› Fasilitas dana.                                                   ›   Financing facility.




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             Pengantar                  Ikhtisar Kinerja                 Laporan Manajemen             Profil Perusahaan           Tinjauan Pendukung Bisnis
             Introduction               Performance Highlights           Management Report             Company Profile             Business Support Overview




     Wilayah Operasional
     Operational Areas




                   1

                                    1
                                          1


                                                      16
                                                             2                                                                           8                         1
                                                  1                  1                                                         2
                                                                                 1            1                                                                        1
                                                                                                                                                  1
                                                                         4
                                                                                                                                                               1
                                                                             1            1
                                                                                                                                                         1

                                              1         1                                                 1           1

                                                                                          34

                                                                 1           3                                    3                  238                       2
                                                                                                                           2
                                                                                                                                                           8
                                                                 1           2            3


                                                                                                  29          1            2

                                                                                                                                         1         1



       MPMulia                                          MPMMotor                                  MPMInsurance
                            Diler                                        Outlet Ritel                              Kantor Pusat
               265 Dealers                                       43      Retail Outlets                       1    Head Office

                                                                                                                   Kantor Cabang
                                                                                                              2    Branch Offices
                                                                                                                   Kantor Perwakilan
                                                                                                           13      Representative Offices




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        Management Discussion and Analysis          Corporate Governance         Environmental and Social Responsibility




                       1                       1

5




          3

          1

1

    1



               27
    1


                     2




    MPMRent                                                                  JACCS MPMFinance Indonesia
                Kantor Cabang                                                             Kantor Cabang
          9     Branch Offices                                                     70     Branch Offices

                Representative Office (RO) dan Service Point (SERPO)                      Kantor Pemasaran
         20     Representative Offices (RO) and Service Points (SERPO)              1     Marketing Offices




                                                                                                   PT Mitra Pinasthika Mustika Tbk
                                                                                                               2025 Annual Report    55
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             Pengantar                     Ikhtisar Kinerja                    Laporan Manajemen                    Profil Perusahaan           Tinjauan Pendukung Bisnis
             Introduction                  Performance Highlights              Management Report                    Company Profile             Business Support Overview




     Struktur Organisasi
     Organizational Structure


     Bagan berikut memperlihatkan struktur organisasi Perseroan                            The following chart shows the Company's organizational
     yang berlaku per tanggal 31 Desember 2025:                                            structure as of December 31, 2025:

                                                                                Direktur Utama
                                                                               President Director

                                                                               SUWITO MAWARWATI




                                Direktur                            Direktur
                                                                                              Chief of Digital Initiatives
                                Director                            Director

                        BEATRICE KARTIKA                        KEMAL MAWIRA                    BUDIMAN WIKARSA



                             Corporate Finance,
                                 Treasury &                  Business Development                   Marketing Strategy                    Corporate HRBP
                             Risk Management                     Vice President                      General Manager                      General Manager
                              General Manager

                                 ANG AMELIA                    DARMA PUTERA                           NURFADILAH                            ROY SASTIKA



                            Accounting, Budgeting                                                   Information and
                                                             Business Development                                                          Internal Audit
                                & Reporting                                                           Technology
                                                               General Manager                                                            General Manager
                              General Manager                                                       General Manager

                         ARVIN NATHANAEL TJU                  SAMUEL PURWANTO                       DENNY PERMANA                          IVAN SANTOSO


                                                                                                                                              Legal &
                                    Tax
                                                                                                                                         Corporate Secretary
                              General Manager
                                                                                                                                          General Manager

                                 NELDY FAJAR                                                                                             TIMOTHY HUTAPEA


                                 Corporate                                                                                                      SIMO
                              Communication &                                                                                            (Strategic Initiatives
                                Sustainability                                                                                           Management Office)
                              General Manager                                                                                              Senior Manager

                              NATALIA LUSNITA                                                                                           DONNY ANDRIANSYAH



                              Investor Relations
                                Vice President


                              DARMA PUTERA




     Hubungan hierarkis
     Hierarchical relationship

     Hubungan pengawasan
     Supervision relationship




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        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan              Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance                Environmental and Social Responsibility




                                                                         Komite Audit
                                                                        Audit Committee

                                                                            Ketua
                                                                           Chairman
                                                                     BENNY REDJO SETYONO

                                                                               Anggota
                                                                               Member

                  Dewan Komisaris                                         ARIA KANAKA
               Board of Commissioners                               JOSAPHAT BUDISATYAWIRA


                    Komisaris Utama
                 President Commissioner                       Komite Nominasi dan Remunerasi
                  EDWIN SOERYADJAYA                         Nomination and Remuneration Committee

                                                                            Ketua
                                                                           Chairman
                      Komisaris
                    Commissioners                                   ISTAMA TATANG SIDDHARTA
                   TOSSIN HIMAWAN                                              Anggota
                    DANNY WALLA                                                Member
                                                                      EDWIN SOERYADJAYA
                                                                        TOSSIN HIMAWAN
                 Komisaris Independen
               Independent Commissioner
              ISTAMA TATANG SIDDHARTA
                                                                Komite Tata Kelola Perusahaan
                BENNY REDJO SETYONO
                                                             Good Corporate Governance Committee

                                                                            Ketua
                                                                           Chairman
                                                                        TOSSIN HIMAWAN

                                                                               Anggota
                                                                               Member
                                                                         DANNY WALLA
                                                                     BENNY REDJO SETYONO




Daftar Keanggotaan Asosiasi
List of Association Memberships


Perseroan terdaftar sebagai anggota aktif sejumlah organisasi         The Company was registered as an active member of
dan asosiasi nasional pada tahun 2025. Keterlibatan ini               several national organizations and associations in 2025.
mendukung upaya Perseroan dalam memperkuat hubungan                   The membership indeed supports the Company's efforts in
dengan berbagai pemangku kepentingan di komunitas industri.           strengthening relationships with various stakeholders in the
                                                                      industry community.


Daftar organisasi dan asosiasi yang diikuti, beserta posisi dan       The list of organizations and associations as well as the
skala keanggotaannya, disajikan pada tabel berikut:                   positions and membership scales of the Company, is presented
                                                                      in the following table:


                            Nama Asosiasi                                        Peran Perseroan                 Skala Asosiasi
                          Name of Association                                  Role of the Company             Scale of Association

Asosiasi Emiten Indonesia                                                        Anggota/Member                 Nasional/National
Indonesian Public Listed Companies Association

Indonesia Corporate Secretary Association                                        Anggota/Member                 Nasional/National

Institute of Certified Sustainability Practitioners                              Anggota/Member                 Nasional/National




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                                                                                                                        2025 Annual Report    57
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             Pengantar                Ikhtisar Kinerja               Laporan Manajemen           Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction             Performance Highlights         Management Report           Company Profile           Business Support Overview




     Profil Dewan Komisaris
     Board of Commissioners Profile


                                                         Dasar Hukum Pengangkatan                     Legal Basis of Appointment
                                                         Periode Pertama:                             First Period:
                                                         Keputusan Pemegang Saham tanggal 22          Shareholders' Resolution dated December
                                                         Desember 2010 (2010-2013)                    22, 2010 (2010-2013)

                                                         Periode Berjalan (Keempat):                  Current Period (Fourth):
                                                         Keputusan Rapat Umum Pemegang                Annual General Meeting of Shareholders
                                                         Saham Tahunan tanggal 24 Mei 2023            Resolution dated May 24, 2023 (2023-2028)
                                                         (2023-2028)


                                                         Riwayat Pendidikan dan/atau Sertifikasi      Educational Background and/or Certification
                                                         Bachelor of Business Administration dari     Bachelor of Business Administration from
                                                         University of Southern California, USA       University of Southern California, USA (1974)
                                                         (1974)

                                                         Riwayat Jabatan                              Work Experience
                                                         › Wakil Direktur Utama di PT Astra           › Vice President Director of PT Astra
                                                           International Tbk (1978-1992)                International Tbk (1978-1992)
                                                         › Pendiri PT Saratoga Investama Sedaya       › Founder of PT Saratoga Investama
                                                           Tbk (1992)                                   Sedaya Tbk (1992)
                                                         › Pendiri Yayasan William dan Lily (2009)    › Founder of William and Lily Foundation
                                                                                                        (2009)


                                                         Rangkap Jabatan                              Concurrent Position
                                                         Di Perseroan:                                At the Company:
     Edwin Soeryadjaya                                   Anggota Komite Nominasi dan Remunerasi       Member of the Nomination and Remuneration
     Komisaris Utama                                                                                  Committee
     President Commissioner
                                                         Di perusahaan/institusi lain:                At other companies/institutions:
                                                         › Presiden Komisaris di PT Saratoga          › President Commissioner of PT Saratoga
     Usia                                                   Investama Sedaya Tbk                         Investama Sedaya Tbk
     Age
                            76 tahun/years old
                                                         › Presiden Komisaris di PT Alamtri           › President Commissioner of PT Alamtri
     Kewarganegaraan                                        Resources Indonesia Tbk (dahulu              Resources Indonesia Tbk (formerly
     Nationality
                            Indonesia                       bernama PT Adaro Energy Indonesia            PT Adaro Energy Indonesia Tbk)
                                                            Tbk)
     Domisili                                            › Presiden Komisaris di PT Tower             ›   President Commissioner of PT Tower
     Domicile
                            Jakarta
                                                            Bersama Infrastructure Tbk                    Bersama Infrastructure Tbk
                                                         › Presiden Komisaris di PT Merdeka           ›   President Commissioner of PT Merdeka
                                                            Copper Gold Tbk                               Copper Gold Tbk
                                                         › Anggota     Komite      Nominasi    dan    ›   Member of the Nomination and
                                                            Remunerasi di PT Saratoga Investama           Remuneration Committee at PT Saratoga
                                                            Tbk                                           Investama Tbk
                                                         › Pengawas      Komite      Investasi   di   ›   Supervisor of the Investment Committee
                                                            PT Saratoga Investama Tbk                     at PT Saratoga Investama Tbk
                                                         › Anggota     Komite      Nominasi    dan    ›   Member of the Nomination and
                                                            Remunerasi di PT Merdeka Copper               Remuneration Committee at PT Merdeka
                                                            Gold Tbk                                      Copper Gold Tbk
                                                         › Ketua Komite Keberlanjutan dan ESG di      ›   Chairman of the Sustainability and
                                                            PT Tower Bersama Infrastructure Tbk           ESG Committee at PT Tower Bersama
                                                                                                          Infrastructure Tbk


                                                         Hubungan Afiliasi                            Affiliate Relationship
                                                         Tidak memiliki hubungan afiliasi dengan      Does not have any affiliation with other
                                                         anggota Direksi dan anggota Dewan            members of the Board of Directors and
                                                         Komisaris lainnya. Namun, memiliki           Board of Commissioners. However, has an
                                                         hubungan afiliasi dengan Pemegang            affiliation with the Controlling Shareholder,
                                                         Saham Pengendali, yaitu PT Saratoga          namely PT Saratoga Investama Sedaya Tbk
                                                         Investama Sedaya Tbk




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            Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan          Tanggung Jawab Sosial dan Lingkungan Hidup
            Management Discussion and Analysis            Corporate Governance            Environmental and Social Responsibility




Dasar Hukum Pengangkatan                     Legal Basis of Appointment
Periode Pertama:                             First Period:
Keputusan Rapat Umum Pemegang                Extraordinary General Meeting of Shareholders
Saham Luar Biasa tanggal 20 September        Resolution dated September 20, 2013 (2013-
2013 (2013-2018)                             2018)

Periode Berjalan (Ketiga):                   Current Period (Third):
Keputusan Rapat Umum Pemegang                Annual General Meeting of Shareholders
Saham Tahunan tanggal 24 Mei 2023            Resolution dated May 24, 2023 (2023-2028)
(2023-2028)

Riwayat Pendidikan dan/atau Sertifikasi      Educational Background and/or Certification
Doktorandus di bidang Manajemen              Doctorandus in Corporate Management from
Perusahaan dari Universitas Parahyangan      Parahyangan University (1973)
(1973)

Riwayat Jabatan                              Work Experience
› Berbagai posisi strategis di Astra Group   › Held various strategic positions within the
  (1972-2009)                                  Astra Group (1972-2009)
› Direktur dan Komisaris di Astra Group      › Board of Directors and Board of
  (1987-2007)                                  Commissioners within the Astra Group
                                               (1987-2007)
› Direktur Utama di PT Astra Honda Motor     › President Director at PT Astra Honda Motor
  (dahulu PT Federal Motor) (2000-2007)        (formerly PT Federal Motor) (2000-2007)
› Direktur Otomotif I di PT Astra            › Automotive Director I at PT Astra
  International Tbk (2005-2008)                International Tbk (2005-2008)
› Presiden Komisaris di PT Astra Otoparts    › President Commissioner at PT Astra
  Tbk (2005-2008)                              Otoparts Tbk (2005-2008)
                                                                                              Tossin Himawan
› Komisaris di PT Astra Graphia Tbk          › Commissioner at PT Astra Graphia Tbk           Komisaris
  (2005-2008)                                  (2005-2008)                                    Commissioner
› Presiden Komisaris di PT Astra Honda       › President Commissioner at PT Astra Honda
  Motor (dahulu PT Federal Motor) (2007-       Motor (formerly PT Federal Motor) (2007-       Usia
                                                                                                                  78 tahun/years old
  2008)                                        2008)                                          Age
› Komisaris di PT Astra Otoparts Tbk         › Commissioner at PT Astra Otoparts Tbk
                                                                                              Kewarganegaraan
  (2008-2009)                                  (2008-2009)                                    Nationality
                                                                                                                  Indonesia
› Direktur Utama di Perseroan (2010-         › President Director at the Company (2010-
  2013)                                        2013)                                          Domisili
                                                                                              Domicile
                                                                                                                  Jakarta
› Komisaris di PT Grahamitra Lestarijaya     › Commissioner at PT Grahamitra Lestarijaya
  (Entitas Anak dari MPMRent) (2015-           (subsidiaries of MPMRent) (2015-2024)
  2024)
› Komisaris di PT Federal International      ›   Commissioner at PT Federal International
  Finance                                        Finance
› Komisaris di PT Astra Credit Company       ›   Commissioner at PT Astra Credit Company


Rangkap Jabatan                              Concurrent Position
Di Perseroan:                                At the Company:
› Ketua     Komite   Good   Corporate        › Chairman of the Good Corporate Governance
   Governance                                    Committee
› Anggota     Komite   Nominasi  dan         › Member      of    the  Nomination     and
   Remunerasi                                    Remuneration Committee

Di perusahaan/institusi lain:                At other companies/institutions:
› Presiden Komisaris di PT Mitra             › President Commissioner of PT Mitra
   Pinasthika Mulia                             Pinasthika Mulia
› Direktur Utama di PT Rasi Unggul           › President Director of PT Rasi Unggul Bestari
   Bestari

Hubungan Afiliasi                            Affiliate Relationship
Tidak memiliki hubungan afiliasi dengan      Does not have any affiliation with other
anggota Direksi dan anggota Dewan            members of the Board of Commissioners
Komisaris lainnya, maupun dengan             or Board of Directors, nor with the Major or
Pemegang Saham Utama dan Pengendali.         Controlling Shareholders.


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                                                                                                                        2025 Annual Report    59
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             Pengantar                Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction             Performance Highlights         Management Report          Company Profile           Business Support Overview




                                                         Dasar Hukum Pengangkatan                    Legal Basis of Appointment
                                                         Periode Pertama:                            First Period:
                                                         Keputusan Pemegang Saham tanggal 22         Shareholders’ Resolution dated December
                                                         Desember 2010 (2010-2013)                   22, 2010 (2010-2013)

                                                         Periode Berjalan (Keempat):                 Current Period (Fourth):
                                                         Keputusan Rapat Umum Pemegang               Annual General Meeting of Shareholders
                                                         Saham Tahunan tanggal 24 Mei 2023           Resolution dated May 24, 2023 (2023-
                                                         (2023-2028)                                 2028)

                                                         Riwayat Pendidikan dan/atau Sertifikasi     Educational Background and/or Certification
                                                         Sarjana Teknik Mesin dari Institut          Bachelor of Mechanical Engineering from
                                                         Teknologi Bandung (1971)                    Bandung Institute of Technology (1971)


                                                         Riwayat Jabatan                             Work Experience
                                                         › Komisaris Utama di PT Perusahaan          › President    Commissioner       at  PT
                                                           Perdagangan     Indonesia     (Persero)     Perusahaan Perdagangan Indonesia
                                                           (2005-2015)                                 (Persero) (2005-2015)
                                                         › Non-Executive Chairman di Metax           › Non-Executive Chairman at Metax
                                                           Engineering Corp. Ltd. (2006-2008)          Engineering Corp. Ltd. (2006-2008)
                                                         › Berpengalaman selama kurang lebih 34      › Has approximately 34 years of
                                                           tahun di Grup Astra dengan menjabat         experience in the Astra Group, holding
                                                           berbagai posisi (Komisaris Utama,           various positions including President
                                                           Komisaris, Presiden Direktur dan            Commissioner,            Commissioner,
     Danny Walla                                           Direktur)                                   President Director, and Director
     Komisaris
     Commissioner
                                                         Rangkap Jabatan                             Concurrent Position
                                                         Di Perseroan:                               At the Company:
     Usia                                                Anggota     Komite    Good      Corporate   Member of the Good Corporate Governance
     Age
                            80 tahun/years old
                                                         Governance                                  Committee
     Kewarganegaraan
     Nationality
                            Indonesia
                                                         Di perusahaan/institusi lain:               At other companies/institutions:
     Domisili
                                                         › Penasihat Direksi di PT Toyota Tsusho     › Advisor to the Board of Directors at PT
     Domicile
                            Jakarta                         Indonesia                                   Toyota Tsusho Indonesia
                                                         › Komisaris di PT Oerlikon Balzer Artoda    › Commissioner at PT Oerlikon Balzer
                                                            Indonesia                                   Artoda Indonesia
                                                         › Komisaris Independen di PT Dharma         › Independent Commissioner at PT
                                                            Satya Nusantara Tbk                         Dharma Satya Nusantara Tbk
                                                         › Ketua Komite Audit di PT Dharma Satya     › Chairman of the Audit Committee at PT
                                                            Nusantara Tbk                               Dharma Satya Nusantara Tbk


                                                         Hubungan Afiliasi                           Affiliate Relationship
                                                         Tidak memiliki hubungan afiliasi dengan     Does not have any affiliation with other
                                                         anggota Direksi dan anggota Dewan           members of the Board of Commissioners
                                                         Komisaris lainnya, maupun dengan            or Board of Directors, nor with the Major or
                                                         Pemegang Saham Utama dan Pengendali.        Controlling Shareholders.




     PT Mitra Pinasthika Mustika Tbk
60   Laporan Tahunan 2025
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       Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Dasar Hukum Pengangkatan                    Legal Basis of Appointment
Periode Pertama:                            First Period:
Keputusan Pemegang Saham tanggal 13         Shareholders’ Resolution dated February
Februari 2013 (2013-2018)                   13, 2013 (2013-2018)

Periode Berjalan (Ketiga):                  Current Period (Third):
Keputusan Rapat Umum Pemegang               Annual General Meeting of Shareholders
Saham Tahunan tanggal 24 Mei 2023           Resolution dated May 24, 2023 (2023-
(2023-2028)                                 2028)

Riwayat Pendidikan dan/atau Sertifikasi     Educational Background and/or Certification
Sarjana Akuntansi dari Universitas          Bachelor of Accounting from the University
Indonesia (1980)                            of Indonesia (1980)


Riwayat Jabatan                             Work Experience
› Kepala Kantor Akuntan Publik Siddharta    › Head of Siddharta Widjaja & Rekan
  Widjaja & Rekan (anggota dari KPMG          Public Accounting Firm (member of
  International) (1991-2004)                  KPMG International) (1991-2004)
› Anggota     Komite     Nominasi   dan     › Member of the Nomination and
  Remunerasi di Perseroan (2013-2015)         Remuneration Committee at the
                                              Company (2013-2015)
› Ketua Komite Audit Perseroan (2013-       › Chairman of the Company's Audit
  2023)                                       Committee (2013-2023)

Rangkap Jabatan                             Concurrent Position                            Istama Tatang Siddharta
Di Perseroan:                               At the Company:                                Komisaris Independen
Ketua Komite Nominasi dan Remunerasi        Chairman of the Nomination              and    Independent Commissioner
                                            Remuneration Committee
                                                                                           Usia
                                                                                           Age
                                                                                                               66 tahun/years old
Di perusahaan/institusi lain:               At other companies/institutions:
Presiden Direktur di PT Amalgamated         President Director at PT Amalgamated           Kewarganegaraan
                                                                                           Nationality
                                                                                                               Indonesia
Consulting Indonesia                        Consulting Indonesia

Hubungan Afiliasi                           Affiliate Relationship                         Domisili
                                                                                           Domicile
                                                                                                               Jakarta
Tidak memiliki hubungan afiliasi dengan     Does not have any affiliation with other
anggota Direksi dan anggota Dewan           members of the Board of Commissioners
Komisaris lainnya, maupun dengan            or Board of Directors, nor with the Major or
Pemegang Saham Utama dan Pengendali         Controlling Shareholders


Pernyataan Independensi                     Statement of Independence
Sebagai Komisaris Independen yang telah     As an Independent Commissioner serving
menjabat untuk periode ketiga, beliau       his third term, he has reaffirmed his
telah menyatakan ulang independensinya      independence in accordance with the
sesuai dengan ketentuan yang berlaku        prevailing regulations




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             Pengantar                Ikhtisar Kinerja               Laporan Manajemen           Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction             Performance Highlights         Management Report           Company Profile           Business Support Overview




                                                         Dasar Hukum Pengangkatan                     Legal Basis of Appointment
                                                         Periode Pertama:                             First Period:
                                                         Keputusan Rapat Umum Pemegang                Annual General Meeting of Shareholders
                                                         Saham Tahunan tanggal 27 Mei 2019            Resolution dated May 27, 2019 (2019-
                                                         (2019-2023)                                  2023)

                                                         Periode Berjalan (Kedua):                    Current Period (Second):
                                                         Keputusan Rapat Umum Pemegang                Annual General Meeting of Shareholders
                                                         Saham Tahunan tanggal 24 Mei 2023            Resolution dated May 24, 2023 (2023-
                                                         (2023-2028)                                  2028)

                                                         Riwayat Pendidikan dan/atau Sertifikasi      Educational Background and/or Certification
                                                         › Sarjana Ekonomi dan Akuntansi dari         › Bachelor of Economics and Accounting,
                                                           Universitas Indonesia (1985)                 University of Indonesia (1985)
                                                         › Master of Business Administration dari     › Master of Business Administration,
                                                           University of Southern California, USA       University of Southern California, USA
                                                           (1990)                                       (1990)
                                                         › Master of Accounting dari University of    › Master of Accounting, University of
                                                           Southern California, USA (1992)              Southern California, USA (1992)
                                                         › Certificate   of   Risk    Management      › Certificate in Risk Management Level
                                                           Level 4 dari Indonesia Life Insurance        4, Indonesia Life Insurance Association
                                                           Association (2017)                           (2017)

                                                         Riwayat Jabatan                              Work Experience
                                                         › Kepala Divisi Keuangan & Administrasi      › Head of Finance & Administration
                                                           Daihatsu Sales Operation di PT Astra         Division, Daihatsu Sales Operation at
     Benny Redjo Setyono                                   International Tbk (1992-1997)                PT Astra International Tbk (1992-1997)
                                                         › Direktur di PT Astra Otoparts Tbk (1998-   › Director at PT Astra Otoparts Tbk
     Komisaris Independen
                                                           2000)                                        (1998-2000)
     Independent Commissioner
                                                         › Direktur     di   PT    Toyota     Motor   › Director    at   PT     Toyota   Motor
                                                           Manufacturing Indonesia (2000-2003)          Manufacturing Indonesia (2000-2003)
     Usia
                            65 tahun/years old           › Direktur di PT Toyota-Astra Motor          › Director at PT Toyota-Astra Motor
     Age                                                   (2003-2011)                                  (2003-2011)
     Kewarganegaraan
                                                         › Anggota Komite Audit di PT Unilever        › Member of the Audit Committee at PT
     Nationality
                            Indonesia                      Indonesia Tbk (2004-2016)                    Unilever Indonesia Tbk (2004-2016)
                                                         › Presiden Direktur di PT Jakarta            › President Director at PT Jakarta
     Domisili                                              Cakratunggal Steel Mills (2014-2018)         Cakratunggal Steel Mills (2014-2018)
     Domicile
                            Jakarta
                                                         › Ketua Komite Pemantau Risiko dan           › Chair of the Risk Oversight Committee
                                                           Anggota Komite Audit di PT Asuransi          and Member of the Audit Committee
                                                           Jiwa Astra (dahulu bernama PT Asuransi       at PT Asuransi Jiwa Astra (formerly PT
                                                           Jiwa Astra Life) (2014-2021)                 Asuransi Jiwa Astra Life) (2014-2021)
                                                         › Wakil Direktur Utama di PT Industri dan    › Vice President Director at PT Industri
                                                           Perdagangan Bintraco Dharma Tbk              dan Perdagangan Bintraco Dharma Tbk
                                                           (disingkat PT Bintraco Dharma Tbk)           (PT Bintraco Dharma Tbk) (2016-2022)
                                                           (2016-2022)
                                                         › Anggota Komite Audit Perseroan (2019-      › Member of the Audit Committee of the
                                                           2023)                                        Company (2019-2023)
                                                         › Anggota Komite Audit PT XL Axiata Tbk      › Member of the Audit Committee at PT
                                                           (2019-2025)                                  XL Axiata Tbk (2019-2025)
                                                         › Komisaris Independen, Ketua Komite         › Independent Commissioner, Chair of
                                                           Audit, dan Anggota Komite Pemantau           the Audit Committee, and Member
                                                           Risiko di PT Asuransi Jiwa Astra (dahulu     of the Risk Oversight Committee at
                                                           bernama PT Asuransi Jiwa Astra Life)         PT Asuransi Jiwa Astra (formerly PT
                                                           (2021-2025)                                  Asuransi Jiwa Astra Life) (2021-2025)




     PT Mitra Pinasthika Mustika Tbk
62   Laporan Tahunan 2025
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        Analisis dan Pembahasan Manajemen          Tata Kelola Perusahaan          Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis         Corporate Governance            Environmental and Social Responsibility




Rangkap Jabatan                                                    Concurrent Position
Di Perseroan:                                                      At the Company:
› Ketua Komite Audit                                               › Chair of the Audit Committee
› Anggota Komite Good Corporate Governance                         › Member of the Good Corporate Governance Committee

Di perusahaan/institusi lain:                                      At other companies/institutions:
› Dosen Fakultas Ekonomi dan Bisnis di Universitas Indonesia       › Lecturer, Faculty of Economics and Business, University of
                                                                      Indonesia
›   Komisaris dan Anggota Komite Nominasi dan Remunerasi di        › Commissioner and Member of the Nomination and
    JACCS MPMFinance Indonesia                                        Remuneration Committee at JACCS MPMFinance Indonesia
›   Direktur Utama di PT Bintraco Dharma Tbk                       › President Director at PT Bintraco Dharma Tbk
›   Presiden Direktur di PT New Ratna Motor                        › President Director at PT New Ratna Motor

Hubungan Afiliasi                                                  Affiliate Relationship
Tidak memiliki hubungan afiliasi dengan anggota Direksi dan        Does not have any affiliation with other members of the Board
anggota Dewan Komisaris lainnya, maupun dengan Pemegang            of Commissioners or Board of Directors, nor with the Major or
Saham Utama dan Pengendali                                         Controlling Shareholders

Pernyataan Independensi                                            Statement of Independence
Sebagai Komisaris Independen, beliau telah menyatakan              As an Independent Commissioner, he has declared his
independensinya sesuai dengan ketentuan yang berlaku.              independence in accordance with regulation.




Perubahan    Komposisi    Anggota                  Dewan           Changes in the Composition of the Board of
Komisaris dan Alasan Perubahan                                     Commissioners and Reasons for Changes

Komposisi Dewan Komisaris Perseroan tidak mengalami                There were no changes to the composition of the Company’s
perubahan di sepanjang tahun 2025. Dengan demikian komposisi       Board of Commissioners throughout 2025. Accordingly, the
Dewan Komisaris sama dengan tahun lalu, sebagaimana                composition of the Board of Commissioners remained the same
diuraikan pada tabel berikut:                                      as in the previous year, as described in the following table:


        Nama                  Jabatan                       Dasar Hukum Pengangkatan                    Periode    Masa Jabatan
        Name                 Designation                    Legal Basis of Appointment                  Period     Term of Office

Edwin Soeryadjaya     Komisaris Utama        Keputusan Rapat Umum Pemegang Saham Tahunan             Keempat         2023-2028
                      President Commissioner tanggal 24 Mei 2023                                      Fourth
                                             Annual General Meeting of Shareholders Resolution dated
                                             May 24, 2023

Tossin Himawan        Komisaris              Keputusan Rapat Umum Pemegang Saham Tahunan             Keempat         2023-2028
                      Commissioner           tanggal 24 Mei 2023                                      Fourth
                                             Annual General Meeting of Shareholders Resolution dated
                                             May 24, 2023

Danny Walla           Komisaris              Keputusan Rapat Umum Pemegang Saham Tahunan             Keempat         2023-2028
                      Commissioner           tanggal 24 Mei 2023                                      Fourth
                                             Annual General Meeting of Shareholders Resolution dated
                                             May 24, 2023

Istama Tatang         Komisaris Independen   Keputusan Rapat Umum Pemegang Saham Tahunan                 Ketiga      2023-2028
Siddharta             Independent            tanggal 24 Mei 2023                                         Third
                      Commissioner           Annual General Meeting of Shareholders Resolution dated
                                             May 24, 2023

Benny Redjo Setyono Komisaris Independen     Keputusan Rapat Umum Pemegang Saham Tahunan                Kedua        2023-2028
                    Independent              tanggal 24 Mei 2023                                        Second
                    Commissioner             Annual General Meeting of Shareholders Resolution dated
                                             May 24, 2023




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                                                                                                                 2025 Annual Report    63
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             Pengantar                Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction             Performance Highlights           Management Report           Company Profile           Business Support Overview




     Profil Direksi
     Board of Directors Profile



                                                         Dasar Hukum Pengangkatan                       Legal Basis of Appointment
                                                         Periode Pertama:                               First Period:
                                                         Keputusan Rapat Umum Pemegang                  Extraordinary    General   Meeting   of
                                                         Saham Luar Biasa tanggal 27 September          Shareholders Resolution dated September
                                                         2018 (2018-2023)                               27, 2018 (2018-2023)

                                                         Periode Berjalan (Kedua):                      Current Period (Fourth):
                                                         Keputusan Rapat Umum Pemegang                  Annual General Meeting of Shareholders
                                                         Saham Tahunan tanggal 24 Mei 2023              Resolution dated May 24, 2023 (2023-
                                                         (2023-2028)                                    2028)



                                                         Riwayat Pendidikan dan/atau Sertifikasi        Educational Background and/or Certification
                                                         Sarjana Manajemen dari Universitas             Bachelor     of    Management         from
                                                         Tarumanagara (1987)                            Tarumanagara University (1987)


                                                         Riwayat Jabatan                                Work Experience
                                                         Menjabat berbagai posisi di PT Astra           Held various positions at PT Astra
                                                         International Tbk (1987-1997), antara lain:    International Tbk (1987-1997), including:
                                                         › Head of Sales                                › Head of Sales
                                                         › Representative Manager                       › Representative Manager
                                                         › Branch Manager                               › Branch Manager
     Suwito Mawarwati
     Direktur Utama                                      Rangkap Jabatan                                Concurrent Position
     President Director
                                                         Di Perseroan:                                  At the Company:
                                                         Tidak merangkap jabatan di Perseroan           Does not hold any concurrent positions
     Usia                                                                                               within the Company
     Age
                            61 tahun/years old

     Kewarganegaraan                                     Di perusahaan lain:                            At other companies:
     Nationality
                            Indonesia
                                                         › Presiden Direktur di MPMulia                 › President Director of MPMulia
     Domisili
                                                         › Presiden Direktur di PT Mitra Pertama        › President Director of PT Mitra Pertama
     Domicile
                            Jakarta                         Mulia                                          Mulia
                                                         › Komisaris di PT Mitra Pinasthika             › Commissioner of PT Mitra Pinasthika
                                                            Mustika Auto                                   Mustika Auto
                                                         › Komisaris di PT Putra Mustika Prima          › Commissioner of PT Putra Mustika
                                                                                                           Prima
                                                         ›     Komisaris di PT Armada Maha Karya        › Commissioner of PT Armada Maha
                                                                                                           Karya


                                                         Hubungan Afiliasi                              Affiliate Relationship
                                                         Tidak memiliki hubungan afiliasi dengan        Does not have any affiliation with other
                                                         anggota Direksi dan anggota Dewan              members of the Board of Commissioners
                                                         Komisaris lainnya, maupun dengan               or Board of Directors, nor with the Major or
                                                         Pemegang Saham Utama dan Pengendali.           Controlling Shareholders.




     PT Mitra Pinasthika Mustika Tbk
64   Laporan Tahunan 2025
Page 67
        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Dasar Hukum Pengangkatan                     Legal Basis of Appointment
Periode Pertama:                             First Period:
Keputusan Rapat Umum Pemegang                Extraordinary    General   Meeting  of
Saham Luar Biasa tanggal 15 Desember         Shareholders Resolution dated December
2017 (2017-2018)                             15, 2017 (2017-2018)

Periode Berjalan (Ketiga):                   Current Period (Third):
Keputusan Rapat Umum Pemegang                Annual General Meeting of Shareholders
Saham Tahunan tanggal 24 Mei 2023            Resolution dated May 24, 2023 (2023-
(2023-2028)                                  2028)


Riwayat Pendidikan dan/atau Sertifikasi      Educational Background and/or Certification
Sarjana Ekonomi dari Universitas Trisakti    Bachelor of Economics from Trisakti
(1997)                                       University (1997)


Riwayat Jabatan                              Work Experience
› Auditor di Kantor Akuntan Publik           › Auditor at Hans Tuanakotta & Mustofa
   Hans Tuanakotta & Mustofa (anggota          Public Accounting Firm (member of
   Deloitte) (1997-2000)                       Deloitte) (1997-2000)
› Supervisi Divisi Akuntansi, Anggaran,      › Supervised      Accounting    Division,
   dan Pelaporan di PT Apac Inti Corpora       Budgeting and Reporting at PT Apac
   (2000-2008)                                 Inti Corpora (2000-2008)
› Bergabung di PT Saratoga Investama         › Joined PT Saratoga Investama Sedaya
   Sedaya Tbk (2008)                           Tbk (2008)                                   Beatrice Kartika
› Kepala Departemen Keuangan di PT           › Head of Finance Department at PT
   Saratoga Investama Sedaya Tbk (2013)        Saratoga Investama Sedaya Tbk (2013)         Direktur
                                                                                            Director
› Direktur Keuangan di beberapa Entitas      › Director of Finance at several
   Anak Grup Saratoga (2015)                   subsidiaries of Saratoga Group (2015)
                                                                                            Usia
                                                                                            Age
                                                                                                                51 tahun/years old
Rangkap Jabatan                              Concurrent Position
Di Perseroan:                                At the Company:                                Kewarganegaraan
                                                                                            Nationality
                                                                                                                Indonesia
Tidak merangkap jabatan di Perseroan         Does not hold any concurrent positions
                                             within the Company
                                                                                            Domisili
                                                                                            Domicile
                                                                                                                Jakarta
Di perusahaan lain:                          At other companies:
› Direktur di PT Mitra Pinasthika Mustika    › Director at PT Mitra Pinasthika Mustika
   Auto                                         Auto
› Direktur di PT Armada Maha Karya           › Director at PT Armada Maha Karya
› Direktur di PT Putra Mustika Prima         › Director at PT Putra Mustika Prima
› Komisaris di PT Mitra Pertama Mulia        › Commissioner at PT Mitra Pertama
                                                Mulia



Hubungan Afiliasi                            Affiliate Relationship
Tidak   memiliki     hubungan    afiliasi    Does not have any affiliation with other
dengan anggota Dewan Komisaris dan           members of the Board of Commissioners
anggota Direksi lainnya, maupun dengan       or Board of Directors, nor with the Major or
Pemegang Saham Utama dan Pengendali          Controlling Shareholders




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                                      2025 Annual Report    65
Page 68
             Pengantar                Ikhtisar Kinerja                 Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
             Introduction             Performance Highlights           Management Report          Company Profile            Business Support Overview




                                                         Dasar Hukum Pengangkatan                      Legal Basis of Appointment
                                                         Periode Pertama dan Berjalan:                 First Period:
                                                         Keputusan Rapat Umum Pemegang                 Annual General Meeting of Shareholders
                                                         Saham Tahunan tanggal 24 Mei 2023             Resolution dated May 24, 2023 (2023-
                                                         (2023-2028)                                   2028)



                                                         Riwayat Pendidikan dan/atau Sertifikasi       Educational Background and/or Certification
                                                         › Bachelor of Business (Banking &             › Bachelor of Business (Banking &
                                                            Finance) dari Monash University (2000)        Finance) from Monash University
                                                         › Master of Business System dari                 (2000)
                                                            Monash University (2002)                   › Master of Business System from
                                                                                                          Monash University (2002)



                                                         Riwayat Jabatan                               Work Experience
                                                         › Head of Risk Management Department          › Head of Risk Management Department
                                                           di Ernst & Young Advisory Services            at Ernst & Young Advisory Services
                                                           Indonesia (2003-2011)                         Indonesia (2003-2011)
                                                         › Setelah itu, beliau berkarier di Saratoga   › Subsequently, joined the Saratoga
                                                           Group (2012-sekarang) dengan posisi           Group (2012-present) with the most
                                                           terakhir sebagai Senior Executive Vice        recent position as Senior Executive
                                                           President-Portfolio Management di PT          Vice President - Portfolio Management
                                                           Saratoga Investama Sedaya Tbk                 at PT Saratoga Investama Sedaya Tbk
     Kemal Mawira
     Direktur                                            Rangkap Jabatan                               Concurrent Position
     Director                                            Di Perseroan:                                 At the Company:
                                                         Tidak merangkap jabatan di Perseroan          Does not hold any concurrent positions
     Usia                                                                                              within the Company
     Age
                            46 tahun/years old
                                                         Di perusahaan lain:                           At other companies:
     Kewarganegaraan
     Nationality
                            Indonesia                    › Senior Executive Vice President -           › Senior Executive Vice President -
                                                            Portfolio Management PT Saratoga              Portfolio Management at PT Saratoga
     Domisili                                               Investama Sedaya Tbk                          Investama Sedaya Tbk
     Domicile
                            Jakarta
                                                         › Komisaris PT Mulia Bosco Logistik           › Commissioner of PT Mulia Bosco
                                                                                                          Logistik
                                                         ›     Komisaris MPMulia                       › Commissioner of MPMulia



                                                         Hubungan Afiliasi                             Affiliate Relationship
                                                         Tidak memiliki hubungan afiliasi dengan       Does not have any affiliation with other
                                                         anggota Dewan Komisaris dan anggota           members of the Board of Commissioners
                                                         Direksi  lainnya.   Namun,      memiliki      or Board of Directors. However, has an
                                                         hubungan afiliasi dengan Pemegang             affiliation with the Controlling Shareholder,
                                                         Saham Pengendali, yaitu PT Saratoga           namely       PT      Saratoga     Investama
                                                         Investama Sedaya Tbk                          Sedaya Tbk




     PT Mitra Pinasthika Mustika Tbk
66   Laporan Tahunan 2025
Page 69
         Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
         Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




Perubahan Komposisi Anggota Direksi                                   Changes in the Composition of the Board of
                                                                      Directors

Komposisi Direksi Perseroan tidak mengalami perubahan di              The Company's Board of Directors composition did not
sepanjang tahun 2025. Dengan demikian, komposisi Direksi              experience any changes throughout 2025. Accordingly, the
sama dengan tahun lalu, sebagaimana diuraikan pada tabel              composition of the Board of Directors remains the same as last
berikut:                                                              year, as described in the following table:


       Nama               Jabatan                      Dasar Hukum Pengangkatan                          Periode       Masa Jabatan
       Name              Designation                   Legal Basis of Appointment                        Period        Term of Office

Suwito Mawarwati     Direktur Utama     Keputusan Rapat Umum Pemegang Saham Tahunan tanggal              Kedua          2023-2028
                     President Director 24 Mei 2023                                                      Second
                                        Annual General Meeting of Shareholders Resolution dated
                                        May 24, 2023

Beatrice Kartika     Direktur            Keputusan Rapat Umum Pemegang Saham Tahunan tanggal              Ketiga        2023-2028
                     Director            24 Mei 2023                                                      Third
                                         Annual General Meeting of Shareholders Resolution dated
                                         May 24, 2023

Kemal Mawira         Direktur            Keputusan Rapat Umum Pemegang Saham Tahunan tanggal             Pertama        2023-2028
                     Director            24 Mei 2023                                                       First
                                         Annual General Meeting of Shareholders Resolution dated
                                         May 24, 2023




Komposisi Pemegang Saham
Shareholder Composition
Komposisi pemegang saham Perseroan pada tahun 2025                    The Company's shareholder composition in 2025 underwent
mengalami perubahan, sebagaimana diuraikan berikut ini:               changes, as described below:


Pemegang                        1 Januari/January 2025                               31 Desember/December 2025
Saham
                    Jumlah Saham    Jumlah Nominal     Persentase           Jumlah Saham          Jumlah Nominal         Persentase
Shareholder
                   (Lembar Saham) Total Nominal Value Kepemilikan          (Lembar Saham)       Total Nominal Value     Kepemilikan
                     Total Shares         (Rp)        Percentage of          Total Shares               (Rp)             Percentage
                       (Share)                         Ownership               (Share)                                  of Ownership
                                                           (%)                                                               (%)

PT Saratoga          2.530.083.541     1.265.041.770.500      56,69            2.530.083.541        1.265.041.770.500        57,67
Investama
Sedaya Tbk

PT Persada             223.150.000       111.575.000.000       5,00              223.150.000          111.575.000.000          5,09
Capital
Investama

Masyarakat           1.620.944.850       810.472.425.000      36,31            1.626.590.150          813.295.075.000        37,08
Public

Saham Treasuri          88.784.885        44.392.442.500       2,00                7.139.585            3.569.792.500          0,16
Treasury Share

Jumlah               4.462.963.276     2.231.481.638.000    100,00             4.386.963.276       2.193.481.638.000        100,00
Total




                                                                                                         PT Mitra Pinasthika Mustika Tbk
                                                                                                                     2025 Annual Report    67
Page 70
              Pengantar              Ikhtisar Kinerja                 Laporan Manajemen            Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction           Performance Highlights           Management Report            Company Profile             Business Support Overview




     Komposisi Pemegang Saham dengan Kepemilikan 5% atau Lebih
     Composition of Shareholders with Ownership of 5% or More

     Pemegang                            1 Januari/January 2025                                   31 Desember/December 2025
     Saham
                              Jumlah Saham    Jumlah Nominal     Persentase             Jumlah Saham           Jumlah Nominal             Persentase
     Shareholder
                             (Lembar Saham) Total Nominal Value Kepemilikan            (Lembar Saham)        Total Nominal Value         Kepemilikan
                               Total Shares         (Rp)        Percentage of            Total Shares                (Rp)                 Percentage
                                 (Share)                         Ownership                 (Share)                                       of Ownership
                                                                     (%)                                                                      (%)

     PT Saratoga               2.530.083.541    1.265.041.770.500         56,69            2.530.083.541          1.265.041.770.500          57,67
     Investama
     Sedaya Tbk

     PT Persada                 223.150.000       111.575.000.000           5,00               223.150.000          111.575.000.000           5,09
     Capital
     Investama

     Jumlah                   2.753.233.541     1.376.616.770.500         61,69           2.753.233.541           1.376.616.770.500          62,76
     Total



     Komposisi Pemegang Saham Masyarakat dengan Kepemilikan Saham Kurang dari 5%
     Composition of Public Shareholders with Share Ownership of Less Than 5%

     Pemegang Saham                               1 Januari/January 2025                              31 Desember/December 2025
     Shareholder
                                        Jumlah Saham          Jumlah Nominal     Persentase Jumlah Saham           Jumlah Nominal        Persentase
                                       (Lembar Saham)          Total Nominal     Kepemilikan (Lembar Saham)         Total Nominal        Kepemilikan
                                         Total Shares              Value         Percentage    Total Shares             Value            Percentage
                                           (Share)                  (Rp)              of         (Share)                 (Rp)                 of
                                                                                  Ownership                                               Ownership
                                                                                     (%)                                                     (%)

     Individu (Kolektif)                   909.722.607         454.861.303.500        20,38       1.031.140.407        515.570.203.500         23,50
     Domestik
     Domestic (Collective)
     Individuals

     Individu (Kolektif) Asing                 1.398.500          699.250.000           0,03         1.285.600            642.800.000            0,03
     Foreign (Collective)
     Individuals

     Institusi (Kolektif)                  287.392.756         143.696.378.000          6,44       199.460.951          99.730.475.500           4,55
     Domestik
     Domestic (Collective)
     Institutions

     Institusi (Kolektif) Asing            511.215.872         255.607.936.000        11,45        401.842.777         200.921.388.500           9,16
     Foreign (Collective)
     Institutions

     Jumlah                              1.709.729.735        854.864.867.500         38,31      1.633.729.735     816.864. 867.500            37,24
     Total




     PT Mitra Pinasthika Mustika Tbk
68   Laporan Tahunan 2025
Page 71
        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis           Corporate Governance               Environmental and Social Responsibility




Komposisi Kepemilikan Saham Dewan Komisaris dan Direksi
Share Ownership Composition of the Board of Commissioners and Board of Directors

                                                           1 Januari/January 2025                 31 Desember/December 2025
                                                       Jumlah Saham            Persentase          Jumlah Saham        Persentase
 Pemegang Saham                  Jabatan              (Lembar Saham)           Kepemilikan        (Lembar Saham)       Kepemilikan
   Shareholder                  Designation             Total Shares          Percentage of         Total Shares      Percentage of
                                                          (Share)               Ownership             (Share)           Ownership
                                                                                   (%)                                     (%)

Edwin Soeryadjaya Komisaris Utama                            1.735.000                   0,04          1.735.000                  0,04
                  President Commissioner

Tossin Himawan       Komisaris                              72.429.700                   1,62         72.429.700                  1,65
                     Commissioner

Danny Walla          Komisaris                              51.978.000                   1,16         51.978.000                  1,19
                     Commissioner

Istama Tatang        Komisaris Independen                               -                     -                 -                     -
Siddharta            Independent Commissioner

Benny Redjo          Komisaris Independen                               -                     -                 -                     -
Setyono              Independent Commissioner

Suwito Mawarwati Direktur Utama                             16.232.470                   0,36         18.434.270                  0,42
                 President Director

Beatrice Kartika     Direktur                                5.963.000                   0,13          7.277.100                  0,17
                     Director

Kemal Mawira         Direktur                                     197.800                0,00            342.600                  0,01
                     Director




Kepemilikan Tidak Langsung atas Saham                                 Indirect Share Ownership of the Company by
Perseroan oleh Anggota Dewan Komisaris dan                            Members of the Board of Commissioners and
Anggota Direksi                                                       Board of Directors

Dalam rangka keterbukaan informasi, Perseroan menyampaikan            As part of information disclosure, the Company reported indirect
kepemilikan tidak langsung atas saham per 31 Desember 2025.           share ownership as of December 31, 2025. During this period,
Pada periode tersebut, tidak terdapat anggota Direksi dengan          none of members of the Board of Directors had indirect ownership.
kepemilikan tidak langsung. Sedangkan Komisaris Utama,                However, the President Commissioner, Edwin Soeryadjaya, owned
Edwin Soeryadjaya, tercatat memiliki kepemilikan tidak langsung       shares of the Company indirectly through PT Saratoga Investama
melalui PT Saratoga Investama Sedaya Tbk dengan porsi sebesar         Sedaya Tbk with a portion of 35.87%. This information is part of
35,87%. Informasi ini menjadi bagian dari komitmen Perseroan          the Company’s commitment to transparency for stakeholders.
terhadap transparansi kepada pemangku kepentingan.




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                                      2025 Annual Report    69
Page 72
             Pengantar
              Pengantar           Ikhtisar Kinerja              Laporan Manajemen        Profil Perusahaan        Tinjauan Pendukung Bisnis
             Introduction
              Foreword            Performance Highlights        Management Report        Company Profile          BusinessSupport
                                                                                                                           SupportOverview
                                                                                                                                   Overview




     Komposisi Kepemilikan Saham berdasarkan Klasifikasi Pemegang Saham
     Composition of Share Ownership based on Shareholder Classification

                                                                            31 Desember/December 2025
               Pemegang Saham                           Jumlah Saham                 Jumlah Nominal                 Persentase
                 Shareholder                           (Lembar Saham)                 Total Nominal                 Kepemilikan
                                                         Total Shares                      (Rp)               Percentage of Ownership
                                                           (Share)                                                      (%)

     Investor Lokal
     Local Investors

     Perorangan
                                                               1.031.140.407               515.570.203.500                       23,50
     Individual

     Yayasan
                                                                        435.000                 217.500.000                       0,01
     Foundation

     Dana Pensiun
                                                                        267.500                 133.750.000                       0,01
     Pension Fund

     Asuransi
                                                                  15.934.300                  7.967.150.000                       0,36
     Insurance

     Perseroan Terbatas
                                                               2.812.284.992              1.406.142.496.000                      64,11
     Limited Liability Company

     Reksadana
                                                                 123.772.700                61.886.350.000                        2,82
     Mutual Fund

     Sub Total                                                 3.983.834.899              1.991.917.449.500                      90,81

     Investor Asing
     Foreign Individual

     Perorangan Asing
                                                                   1.285.600                    642.800.000                       0,03
     Foreign Individual

     Badan Usaha Asing
                                                                 401.842.777               200.921.388.500                        9,16
     Foreign Institutions

     Sub Total                                                   403.128.377               201.564.188.500                        9,19

     Jumlah
                                                               4.386.963.276             2.193.481.638.000                         100
     Total




     PT Mitra Pinasthika Mustika Tbk
70   Laporan Tahunan 2025
Page 73
         Analisis dan Pembahasan Manajemen                 Tata Kelola Perusahaan              Tanggung Jawab Sosial dan Lingkungan Hidup
         Management Discussion and Analysis                Corporate Governance                Environmental and Social Responsibility




Struktur Pemegang Saham Utama dan
Pengendali
Structure of Major and Controlling Shareholders


Dengan porsi kepemilikan atas saham Perseroan mencapai                        With 57.67% shareholding in the Company as of December 31,
57,67% per 31 Desember 2025, PT Saratoga Investama                            2025, PT Saratoga Investama Sedaya Tbk (Saratoga) is the Major
Sedaya Tbk (Saratoga) merupakan Pemegang Saham Utama dan                      and Controlling Shareholder.
Pengendali.


Adapun penerima manfaat akhir dari kepemilikan tersebut                       The ultimate beneficial owner of this ownership is Edwin
adalah Edwin Soeryadjaya, yang menjabat sebagai Komisaris                     Soeryadjaya, who serves as the President Commissioner of the
Utama Perseroan. Bagan berikut ini menjelaskan detail struktur                Company. The following chart explains the detailed structure of
kepemilikan saham Perseroan per 31 Desember 2025:                             the Company's share ownership as of December 31, 2025:




        Edwin                                                                                    PT Pandu Alam                     PT Tri Nur
     Soeryadjaya*                                                                                  Persada**                      Cakrawala**


                                       50,00%                                                         50,00%                        50,00%



                                      PT Unitras                                           Publik (Kepemilikan <5%)****
                                                               Sandiaga S. Uno
                                       Pertama                                              Public (Ownership <5%)


        35,87%                          31,62%                       21,51%                      11,00%




               Publik (Kepemilikan <5%)***                 PT Saratoga Investama                               PT Persada Capital
                Public (Ownership <5%)                          Sedaya Tbk                                         Investama


                        37,24%                                       57,67%                                               5,09%




                                                             PT Mitra Pinasthika
                                                                Mustika Tbk




*    Penerima Manfaat Akhir/Ultimate Beneficial Owner
** Perseroan Terbatas (Tertutup)/Private Limited Liability Company
*** Termasuk saham treasuri 0,16%/Include treasury stock 0.16%
**** Termasuk saham treasuri 0,11%/Include treasury stock 0.11%




                                                                                                                    PT Mitra Pinasthika Mustika Tbk
                                                                                                                                2025 Annual Report    71
Page 74
             Pengantar              Ikhtisar Kinerja                   Laporan Manajemen               Profil Perusahaan            Tinjauan Pendukung Bisnis
             Introduction           Performance Highlights             Management Report               Company Profile              Business Support Overview




     Struktur Grup
     Group’s Structure


     Perseroan membangun jaringan usaha melalui kepemilikan                         The Company builds an extensive business network through
     atas berbagai Entitas Anak dan Entitas Asosiasi yang berperan                  ownership in various Subsidiaries and Associates that play
     mendukung kegiatan bisnis utama. Setiap entitas memiliki fungsi                a role in supporting main business activities. Each entity
     spesifik sesuai bidang usahanya, sehingga secara keseluruhan                   was established with a specific function according to their
     membentuk struktur grup yang terintegrasi. Informasi mengenai                  business fields, thus collectively forming an integrated group
     struktur grup per 31 Desember 2025 dapat dilihat pada bagan                    structure. Information regarding the group’s structure as of
     berikut:                                                                       December 31, 2025, can be seen in the following chart:



                                                              PT Mitra Pinasthika Mustika Tbk




             Entitas Anak
             Subsidiaries


         Distribusi, Ritel, dan                                                                                                      Operasi yang
             Aftermarket                    Asuransi                    Entitas Asosiasi               Entitas Asosiasi               Dihentikan
         Distribution, Retail,             Insurance                      Associates                     Associates                  Discontinued
           and Aftermarket                                                                                                            Operations


       99,99%                       99,99%                          50,00%                         40,00%
                                                                                                                                         99,99%

                                         PT Asuransi                                                  PT JACCS Mitra                   PT Mitra
              PT Mitra                                                PT Mitra Pinasthika
                                        Mitra Pelindung                                              Pinasthika Mustika               Pinasthika
          Pinasthika Mulia                                               Mustika Rent
                                            Mustika                                                  Finance Indonesia               Mustika Auto*

          99,99%                                                                                                                         99,99%
                                                                               99,80%
                                                                             PT Mitra                                                  PT Putra
                 PT Mitra                                                   Pinasthika                                              Mustika Prima**
              Pertama Mulia                                                Mustika OTO

                                                                              99,99%                                                    99,99%
                                                                             PT Surya                                                 PT Armada
                                                                             Anugerah                                                Maha Karya***
                                                                             Kencana

                                                                               99,99%

                                                                           PT Dayakarya
                                                                           Solusi Sejati


                                                                               99,96%
                                                                          PT Balai Lelang
                                                                          Asta Nara Jaya
                                                                             (AUKSI)

                                                                               99,99%
                                                                           PT Grahamitra
                                                                            Lestari Jaya



     *   Di tahun 2018, operasi dihentikan/In 2018, operation was discontinued
     ** Dalam proses likuidasi/In the process of liquidation
     *** Proses likuidasi telah selesai dan status badan hukum telah berakhir/Liquidation process has been done, and legal entity status has ended


     PT Mitra Pinasthika Mustika Tbk
72   Laporan Tahunan 2025
Page 75
          Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
          Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Informasi Entitas Induk
Information on Parent Entity


Sebagai entitas induk, PT Saratoga Investama Sedaya Tbk                  As the parent entity, PT Saratoga Investama Sedaya Tbk
(Saratoga) memiliki peran strategis dalam struktur kepemilikan           (Saratoga) holds a strategic role in the Company's ownership
Perseroan. Per 31 Desember 2025, Saratoga tercatat memiliki              structure. As of December 31, 2025, Saratoga owned 57.67% of
57,67% saham Perseroan, sehingga berstatus sebagai Pemegang              the Company's shares, thus holding the status of both Major and
Saham Utama sekaligus pengendali. Informasi ringkas mengenai             Controlling Shareholder. Information regarding Saratoga as the
Saratoga sebagai entitas induk disajikan pada tabel berikut:             parent entity is summarized in the following table:


PT Saratoga Investama Sedaya Tbk
Bidang Usaha                           Aktivitas perusahaan holding
Business Field                         Activities of A Holding Company

Tanggal Pendirian                      17 Mei/May 1991
Establishment Date

Alamat Kantor Pusat                    Menara Karya Lantai 15/15th Floor
Head Office Address                    Jl. HR. Rasuna Said Blok X-5, Kav. 1-2
                                       Jakarta Selatan 12950

Telepon                                +6221 5794 4355
Phone

Faksimile                              +6221 5794 4781
Facsimile

E-mail                                 investor.relations@saratoga-investama.com
                                       corporate.secretary@saratoga-investama.com

Situs Web                              www.saratoga-investama.com
Website

Dasar Hukum Pendirian                  Saratoga didirikan di Jakarta berdasarkan Akta Notaris No. 41 tanggal 17 Mei 1991 juncto Akta
Legal Basis of Establishment           Notaris No. 33 tanggal 13 Juli 1992, keduanya dibuat di hadapan Rukmasanti Hardjasatya,
                                       S.H., Notaris di Jakarta. Akta tersebut telah memperoleh persetujuan dari Menteri Kehakiman
                                       (sekarang Menteri Hukum) No. C2-10198.HT.01.01.TH’92 tanggal 15 Desember 1992 dan telah
                                       diumumkan dalam Berita Negara Republik Indonesia No. 19 tanggal 5 Maret 1993, tambahan No.
                                       973
                                       Saratoga was established in Jakarta pursuant to Notarial Deed No. 41 dated May 17, 1991 in
                                       conjunction with Notarial Deed No. 33 dated July 13, 1992, signed before Rukmasanti Hardjasatya,
                                       S.H., Notary in Jakarta. The deed was approved by the Minister of Justice (now the Minister of
                                       Law) under Decree No. C2-10198.HT.01.01.TH’92 dated December 15, 1992, and was published
                                       in the State Gazette of the Republic of Indonesia No. 19 dated March 5, 1993, Supplement No. 973

Tanggal Pencatatan Saham               26 Juni/June 2013
Listing Date

Kode Saham                             SRTG
Ticker Code

Modal Dasar                            48.833.400.000 saham/shares
Authorized Capital

Modal Ditempatkan dan Disetor          13.564.835.000 saham/shares
Penuh
Issued and Fully Paid-up Capital

Jumlah Aset                            Rp62.510.842.000.000
Total Assets

Lembaga Pencatatan Saham               PT Bursa Efek Indonesia
Stock Listing Institution              Jakarta Stock Exchange Building Tower I
                                       Jl. Jenderal Sudirman Kav. 52-53 Jakarta 12190




                                                                                                            PT Mitra Pinasthika Mustika Tbk
                                                                                                                        2025 Annual Report    73
Page 76
             Pengantar            Ikhtisar Kinerja                  Laporan Manajemen           Profil Perusahaan        Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights            Management Report           Company Profile          Business Support Overview




     Entitas Anak dan Entitas Asosiasi
     Subsidiaries and Associates


     Per 31 Desember 2025, Perseroan tercatat memiliki 2 (dua) Entitas         As of December 31, 2025, the Company managed 2 (two)
     Anak serta 2 (dua) Entitas Asosiasi yang masih menjalankan                Subsidiaries and 2 (two) Associates that are still operating.
     kegiatan usaha. Keberadaan entitas-entitas tersebut berperan              The establishment of these entities is significant in supporting
     mendukung aktivitas operasional dan memperkuat posisi                     operational activities and strengthening the Company's presence
     Perseroan dalam industri. Informasi rinci mengenai masing-                in the industry. Detailed information regarding each entity is
     masing entitas disajikan pada uraian berikut:                             described as follows:


     Entitas Anak                                                              Subsidiaries

     PT Mitra Pinasthika Mulia
     (MPMulia)
     Alamat                                                Jl. Simpang Dukuh No. 42-44 Surabaya 60275
     Address                                               T : 0800 1146 632
                                                           E : care@mpm-motor.com
                                                           W : www.mpmhondajatim.com

     Bidang Usaha                                          Penjualan kendaraan roda dua dan komponen pendukung
     Business Field                                        Sales of two-wheel vehicle and supporting components

     Tahun Mulai Operasi Komersial                         2011
     Commencing Year for Commercial Operation

     Status Operasional                                    Beroperasi
     Operational Status                                    Operating

     Persentase Kepemilikan                                99,99%
     Percentage of Ownership

     Jumlah Aset Sebelum Eliminasi                         Rp2.726.478 juta/million
     Total Assets before Elimination


     PT Asuransi Mitra Pelindung Mustika
     (MPMInsurance)
     Alamat                                                Lippo Kuningan, Lantai 26/26th Floor
     Address                                               Jl. H.R. Rasuna Said Kav. B-12, Karet Kuningan, Setiabudi,
                                                           Jakarta 12940
                                                           T : +6221 1500 676
                                                           E : info@mpm-insurance.com
                                                           W : www.mpm-insurance.com

     Bidang Usaha                                          Asuransi umum
     Business Field                                        General insurance

     Tahun Mulai Operasi Komersial                         2012
     Commencing Year for Commercial Operation

     Status Operasional                                    Beroperasi
     Operational Status

     Kepemilikan Saham                                     99,99%
     Shareholding

     Jumlah Aset                                           Rp1.920.704 juta/million
     Total Assets




     PT Mitra Pinasthika Mustika Tbk
74   Laporan Tahunan 2025
Page 77
          Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
          Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




Entitas Asosiasi                                                      Associates

PT Mitra Pinasthika Mustika Rent
(MPMRent)
Alamat                                            Sunburst, CBD Lot II No. 10
Address                                           Jl. Kapten Soebijanto Djojohadikusumo, BSD City Tangerang 15322
                                                  T : +6221 5315 7668
                                                  F : +6221 5315 7669
                                                  E : contact@mpm-rent.com
                                                  W : www.mpm-rent.com

Bidang Usaha                                      Penyewaan kendaraan
Business Field                                    Vehicle rental

Tahun Mulai Operasi Komersial                     2008
Commencing Year for Commercial Operation

Status Operasional                                Beroperasi
Operational Status                                Operating

Persentase Kepemilikan                            50,00%
Percentage of Ownership

Jumlah Aset                                       Rp3.490.914 juta/million
Total Assets




PT JACCS Mitra Pinasthika Mustika Finance Indonesia
(JACCS MPMFinance Indonesia)
Alamat                                             Lippo Kuningan, Lantai 25/25th Floor
Address                                            Jl. H.R. Rasuna Said Kav. B-12, Karet Kuningan, Setiabudi, Jakarta 12940
                                                   T : +6221 2971 0100
                                                   E : pelanggan@jaccs-mpmfinance.com
                                                   W : www.jaccs-mpmfinance.com

Bidang Usaha                                       Pembiayaan konsumen, sewa guna usaha, dan anjak piutang
Business Field                                     Consumer finance, leasing, and factoring

Tahun Beroperasi                                   1990
Year of Operation

Persentase Kepemilikan                             40,00%
Percentage of Ownership

Jumlah Aset                                        Rp4.040.380 juta/million
Total Assets


Di samping entitas yang telah disebutkan sebelumnya, Perseroan        Other than the aforementioned entities, the Company also has
juga memiliki Entitas Anak lain, yaitu:                               other Subsidiaries, namely:
› PT Putra Mustika Prima yang saat ini dalam proses likuidasi.        › PT Putra Mustika Prima, which is currently in the liquidation
                                                                          process.
›   PT Armada Maha Karya yang telah resmi menyelesaikan               › PT Armada Maha Karya, which has officially completed all
    seluruh tahapan likuidasinya sebagaimana ternyata dalam               of liquidation stages as evidenced in the letter issued by the
    surat yang dikeluarkan oleh Direktorat Jenderal Administrasi          Directorate General of General Law Administration of the
    Hukum Umum Kementerian Hukum Republik Indonesia                       Ministry of Law of the Republic of Indonesia Number AHU-
    Nomor AHU-AH.01.11-00202 tertanggal 12 November 2025                  AH.01.11-00202 dated November 12, 2025 regarding the
    perihal Berakhirnya Status Badan Hukum, sehingga status               Termination of Legal Entity Status, thus its legal entity status
    badan hukumnya telah berakhir.                                        has ended.
›   PT Mitra Pinasthika Mustika Auto yang telah menghentikan          › PT Mitra Pinasthika Mustika Auto, which has ceased its
    kegiatan operasionalnya sejak 2018.                                   operational activities since 2018.




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             Pengantar              Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
             Introduction           Performance Highlights           Management Report           Company Profile             Business Support Overview




     Kronologi Pencatatan Saham
     Chronology of Share Listing


     Informasi kronologi perubahan jumlah saham sejak pertama                   Information on the chronology of changes in the number of
     kali beredar melalui Penawaran Saham Perdana pada 29 Mei                   shares since they were first released through the Initial Public
     2013, hingga akhir tahun buku 2025, diuraikan pada tabel                   Offering on May 29, 2013, until the end of the 2025 fiscal year, is
     berikut ini:                                                               described in the following table:


          Tanggal              Aksi Korporasi         Nilai Nominal     Harga        Jumlah Penambahan          Jumlah Saham           Bursa
           Date               Corporate Action         per Saham     Penawaran         atau Pengurangan            Tercatat           Saham
                                                      Nominal Value  per Saham              Saham                Total Listed          Stock
                                                        per Share   Offering Price   Total Shares Added or          Shares           Exchange
                                                           (Rp)       per Share             Diluted            (Lembar | Share)
                                                                         (Rp)           (Lembar | Share)

     29 Mei 2013            Penawaran Umum                 500          1.500                 970.000.000        3.492.963.276
     May 29, 2013           Perdana Saham
                            Initial Public Offering

     29 Mei 2013            Pencatatan Saham               500              -                             -          970.000.000
                                                                                                                                     Bursa Efek
     May 29, 2013           Pendiri
                                                                                                                                     Indonesia/
                            Listing of Founder’s
                                                                                                                                      Indonesia
                            Shares
                                                                                                                                        Stock
     8 Agustus 2025         Pengurangan Modal                -              -                  (76.000.000)      4.386.963.276        Exchange
     August 8, 2025         Ditempatkan dan
                            Disetor
                            Reduction of Issued
                            and Paid-up Capital



     Pada tahun 2025, Perseroan melakukan pengurangan modal                     In 2025, the Company decided to reduce issued and paid-up
     ditempatkan dan disetor melalui penarikan kembali 76.000.000               capital through the withdrawal of 76,000,000 treasury shares.
     saham treasuri. Akibatnya, modal ditempatkan dan disetor                   Consequently, the issued and paid-up capital changed from
     berubah dari 4.462.963.276 saham menjadi 4.386.963.276                     4,462,963,276 shares to 4,386,963,276 shares.
     saham.




     Kronologi Pencatatan Efek Lainnya
     Listing Chronology of Other Securities


     Sejak awal pendirian hingga akhir tahun buku 2025, Perseroan               Since its establishment date until the end of the 2025 fiscal year,
     tidak pernah menerbitkan efek kepada masyarakat melalui                    the Company has never issued securities to the public through
     pasar modal selain saham. Dengan demikian, Perseroan tidak                 the capital market other than shares. Thus, the Company does
     memiliki informasi mengenai pencatatan efek lainnya, seperti               not have information regarding the listing of other securities,
     obligasi dan sukuk, yang relevan untuk disajikan dalam Laporan             such as bonds and sukuk, relevant to be presented in the 2025
     Tahunan 2025.                                                              Annual Report.




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Informasi Penggunaan Jasa Akuntan Publik
dan Kantor Akuntan Publik
Information on the Use of Public Accountant and Public Accounting Firm
Services
Rapat Umum Pemegang Saham Tahunan yang diselenggarakan               The Annual General Meeting of Shareholders held on May 27,
pada 27 Mei 2025 telah menyetujui pendelegasian kewenangan           2025, approved the delegation of authority from the Shareholders
dari Pemegang Saham kepada Dewan Komisaris untuk                     to the Board of Commissioners to appoint a Public Accounting
menunjuk Kantor Akuntan Publik dan Akuntan Publik, dengan            Firm and a Public Accountant, taking into account the
memperhatikan rekomendasi dari Komite Audit. Prosedur                recommendations from the Audit Committee. This appointment
penunjukan ini merupakan bagian dari komitmen Perseroan              procedure is part of the Company's commitment to ensuring
dalam memastikan kualitas, independensi, serta akuntabilitas         the quality, independence, and accountability of the financial
proses audit atas Laporan Keuangan, sesuai dengan regulasi           statement audit process, in accordance with Indonesia Financial
Otoritas Jasa Keuangan.                                              Services Authority regulations.

Informasi mengenai Kantor Akuntan Publik dan Akuntan Publik          Information regarding the Public Accounting Firm and Public
yang ditunjuk untuk bertugas mengaudit Laporan Keuangan              Accountant appointed to audit the Company's Financial
Perseroan tahun buku 2025, dijelaskan lebih rinci dalam tabel        Statements for the 2025 fiscal year is explained in the following
berikut:                                                             details:


Kantor Akuntan Publik           KAP Siddharta Widjaja & Rekan
Public Accountant Firm          (member of KPMG International)
Nama Akuntan Publik             Novie, S.E., CPA
Public Accountant Name
Alamat                          Jakarta Mori Tower Lantai 35/35th Floor
Address                         Jl. Jenderal Sudirman No. 40-41, Jakarta 10210
                                +6221 574 2333, +6221 574 2888
Jasa yang Diberikan             Jasa Audit/Audit Service:
Service Rendered                Melakukan audit pada Laporan Keuangan Konsolidasian Perseroan dan Laporan Keuangan Entitas
                                Anak Tahun Buku 2025
                                Conducted an audit of the Company’s Consolidated Financial Statements and the Financial Statements
                                of Subsidiaries for the Fiscal Year 2025
                                Jasa Non-Audit/Non-Audit Service:
                                Tidak memberikan jasa non-audit.
                                No non-audit service was served
Biaya                           Jasa Audit/Audit Service:
Fees                            Biaya jasa audit Perseroan dan Entitas Anak sebesar Rp5.000.000.000
                                Audit service fees for the Company and its Subsidiaries amounted to IDR5,000,000,000
                                Jasa Non-Audit/Non-Audit Service:
                                Tidak ada
                                No
Periode Penugasan               2025
Assignment Period




Lembaga dan Profesi Penunjang Pasar Modal
Capital Market Supporting Institutions and Professions


                       Biro Administrasi Efek                                                     Notaris
                  Securities Administration Bureau                                                Notary

PT Datindo Entrycom                                                   Jose Dima Satria, S.H., M.Kn.
Jl. Hayam Wuruk No. 28 Jakarta 10120                                  Komplek Taman Gandaria
                                                                      Jl. Madrasah No. 11A, Cilandak Jakarta Selatan




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             Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




     Tinjauan Pendukung
     Bisnis
     Business Support Overview



                            Sumber Daya Manusia adalah fondasi
                            utama dalam mendukung pencapaian
                            tujuan strategis Perseroan, sementara
                            Teknologi Informasi menjadi salah
                            satu pilar utama dalam mendukung
                            keberlanjutan dan akselerasi kinerja bisnis
                            Perseroan di tengah dinamika industri ritel
                            otomotif yang semakin kompetitif.
                            Human Resources is as a fundamental pillar
                            in sustaining the Company’s strategic goal
                            achievement, while Information Technology is
                            one of the key pillars ensuring the sustainability
                            and acceleration of the Company’s business
                            performance amid the increasingly competitive
                            and dynamic automotive retail industry.




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Management Discussion and Analysis   Corporate Governance     Environmental and Social Responsibility




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             Introduction         Performance Highlights            Management Report           Company Profile             Business Support Overview




     Sumber Daya Manusia
     Human Resources


     Sumber Daya Manusia (SDM) senantiasa menjadi fondasi utama               Human Resources (HR) consistently serves as a fundamental
     dalam mendukung pencapaian tujuan strategis Perseroan.                   pillar in sustaining the Company’s strategic goal achievement.
     Perseroan menekankan bahwa SDM bukan sekadar fungsi                      The Company emphasizes that HR is not merely an administrative
     administratif, melainkan mitra strategis yang berperan langsung          function, but a strategic partner that plays a direct role in driving
     dalam mendorong keberhasilan operasional dan pertumbuhan                 operational excellence and business growth. In line with industry
     bisnis. Selaras dengan praktik terbaik di industri, fokus pengelolaan    best practices, the Company’s HR management not only focuses
     SDM adalah pada pengembangan tenaga kerja yang tidak hanya               on developing a competent and professional workforce but also
     kompeten dan profesional, tetapi juga adaptif serta berpegang teguh      adaptive and firmly committed to ethical values and integrity.
     pada nilai-nilai etika dan integritas. Pendekatan ini memungkinkan       This approach enables HR to deliver tangible contributions while
     SDM memberikan kontribusi nyata, sekaligus memperkuat daya               strengthening the Company’s competitiveness and long-term
     saing dan keberlanjutan bisnis Perseroan di masa mendatang.              business sustainability.


     Penghargaan di Bidang Pengelolaan SDM                                    Awards in HR Management




         Human Capital on Resilience                        The Best Sustainable                          The Best Inclusive Human
           Excellence Award 2025                        Development and Decent Jobs                         Capital Development


     Fokus Pengelolaan SDM                                                    Focuses of Human Capital Management

     Pada tahun 2025, pengelolaan SDM Perseroan tetap berfokus                In 2025, the Company’s human capital management remained
     pada beberapa prioritas strategis yang mendukung penguatan               focused on several strategic priorities aimed at strengthening
     kapabilitas dan pengalaman karyawan, antara lain:                        employee capabilities and enhancing the overall employee
                                                                              experience, among the efforts were:
     ›   meningkatkan kesejahteraan karyawan melalui program-                 › improving employee welfare through more holistic well-being
         program well-being yang lebih holistik;                                 programs;
     ›   memperkuat kompetensi dan kemampuan karyawan                         › strengthening employees’ competencies and capabilities in
         menghadapi transformasi digital melalui berbagai pelatihan              responding to digital transformation through various technical
         teknis dan pengembangan kemampuan;                                      training initiatives and skill development programs;
     ›   memberikan pembekalan kepemimpinan melalui program-                  › providing leadership development through programs such
         program pengembangan seperti Leadership Education and                   as Leadership Education and Development (LEAD) and Data
         Development (LEAD) dan Data Analytics School (DASH) untuk               Analytics School (DASH) to enhance leadership quality across
         memperkuat kualitas kepemimpinan di seluruh tingkatan                   all levels of the organization; and
         organisasi; dan
     ›   meningkatkan pengalaman karyawan melalui pemanfaatan                 ›   enhancing the employees’ experiences through the utilization
         solusi digital yang inovatif dalam layanan SDM.                          of innovative digital solutions in HR services.


     Digitalisasi Pengelolaan SDM                                             Digitalization in HR Management

     Menjawab kebutuhan akan SDM yang unggul dan adaptif di                   Responding to the need for a high-performing and adaptive
     era digital, Perseroan pada 2025 melanjutkan dan memperluas              workforce in the digital era, the Company continued and
     inisiatif digitalisasi SDM dengan fokus pada reward dan                  expanded its HR digitalization initiatives in 2025, focusing on
     manajemen kinerja. Inisiatif ini mencakup pengembangan                   rewards and performance management. Among these initiatives
     Integrated Data Warehouse, Human Resources Dashboard                     were the development of an Integrated Data Warehouse, a more
     yang lebih komprehensif, serta Human Resources Portal yang               comprehensive Human Resources Dashboard, and a more user-
     lebih user-friendly. Inisiatif digitalisasi ini bertujuan untuk          friendly Human Resources Portal. These digitalization initiatives
     meningkatkan efisiensi operasional, memusatkan data SDM ke               aim to enhance operational efficiency, centralize HR data into
     dalam satu platform terpadu, serta mewujudkan integrasi data             a unified platform, and enable seamless data integration. This

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        Management Discussion and Analysis            Corporate Governance               Environmental and Social Responsibility




yang lebih lancar. Pendekatan berbasis data ini memberikan            data-driven approach has empowered management to make
kemampuan kepada manajemen untuk mengambil keputusan                  more accurate and strategic decisions, supported by precise and
yang lebih tepat dan strategis, dengan dukungan analisis SDM          real-time HR analytics.
yang akurat dan real-time.


Penguatan layanan dan analisis juga dilakukan melalui                 The enhancement of services and analytics is also carried out
pengembangan machine learning dan artificial intelligence.            through the development of machine learning and artificial
Pada tahun 2025, artificial intelligence yang telah dikembangkan      intelligence. In 2025, the artificial intelligence solutions that have
diantaranya:                                                          been developed include:
1. AI Powered Chatbot                                                 1. AI Powered Chatbot
2. AI Powered for Recruitment                                         2. AI Powered for Recruitment
3. AI Powered Knowledge Management System                             3. AI Powered Knowledge Management System


Sistem Rekrutmen Digital                                              Digital Recruitment System

Perseroan menempatkan proses rekrutmen yang inklusif dan adil         The Company puts inclusive and fair recruitment processes
sebagai prioritas utama, memastikan setiap kandidat memperoleh        as a top priority, ensuring that every candidate is given equal
kesempatan yang sama tanpa memandang latar belakang suku,             opportunities regardless of ethnicity, religion, race, or political
agama, ras, atau afiliasi politik. Sebagai bagian dari komitmen       affiliation. Reflecting its commitment to extending local supports,
untuk mendukung pertumbuhan lokal, Perseroan juga memberikan          the Company also provides job opportunities for communities
kesempatan kerja bagi masyarakat di sekitar wilayah operasional.      surrounding its operational area.


Untuk mempermudah dan mempercepat proses seleksi,                     To simplify and accelerate the selection process, the Company
Perseroan telah mengadopsi sistem rekrutmen digital yang              has adopted a modern digital recruitment system. This system
modern. Sistem ini dirancang agar proses perekrutan menjadi           is designed to make the recruitment process more efficient,
lebih efisien, transparan, dan mudah diakses, dengan mekanisme        transparent, and easily accessible, through the following
sebagai berikut:                                                      mechanisms:
1. Asesmen berbasis metode gamifikasi;                                1. Assessments based on gamification methods;
2. Tes intelegensi secara daring dan mobile friendly; dan             2. Online and mobile-friendly intelligence tests; and
3. Tes kecocokan budaya.                                              3. Culture fit assessments.


Sepanjang tahun 2025, Perseroan berhasil merekrut sejumlah            Throughout 2025, the Company successfully recruited a number
karyawan baru yang akan memperkuat tim di berbagai posisi             of new employees to strengthen its team across various key
penting. Rincian karyawan baru berdasarkan posisi dan                 positions. Details of new recruits by position and department are
departemen dapat dilihat pada tabel di bawah ini:                     presented in the table below:


                           Jabatan                                             2025                                  2024
                           Position
                                                                         (orang) (people)                      (orang) (people)
Managerial                                                                       9                                     4
Non-Managerial                                                                  104                                   140
Jumlah Karyawan Baru                                                            113                                   144
Number of New Employees


Inisiatif Employer Branding                                           Employer Branding Initiatives

Untuk meningkatkan keterlibatan dan daya tarik Perseroan              To boost engagement and appeal to Generation Z, the Company
terhadap Generasi Z, Perseroan telah meluncurkan program              launched a comprehensive Employer Branding program. As part
Employer Branding yang menyeluruh. Inisiatif ini menjadi bagian       of a sustainable strategy, these initiatives aim to build a stronger
dari strategi berkelanjutan untuk memperkuat citra Perseroan          image of the Company while attracting high-potential young
sekaligus menarik talenta muda potensial.                             talents.


Program ini memanfaatkan konten video kreatif yang                    The program leverages creative video content disseminated
disebarluaskan melalui berbagai platform media sosial populer,        across various popular social media platforms, including
seperti Facebook, TikTok, Instagram, YouTube, dan LinkedIn.           Facebook, TikTok, Instagram, YouTube, and LinkedIn. Through
Dengan pendekatan ini, Perseroan bertujuan untuk menjangkau           this approach, the Company aims to reach a broader audience,
audiens yang lebih luas, meningkatkan kesadaran akan Grup             increase awareness of the MPM Group, and showcasing the
MPM, serta menampilkan nilai-nilai Perseroan, budaya kerja, dan       Company’s values, work culture, and diverse career opportunities.
beragam peluang karier.

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             Introduction         Performance Highlights           Management Report           Company Profile             Business Support Overview




     Selain aktivitas digital, Perseroan juga menjalin kerja sama aktif      In addition to digital activities, the Company has been actively
     dengan perguruan tinggi. Melalui interaksi langsung dengan              collaborating with universities. Through direct engagement with
     mahasiswa, Perseroan membangun hubungan yang lebih                      students, the Company builds closer relationships with future
     dekat dengan calon tenaga profesional masa depan sekaligus              professionals while reinforcing the position of the MPM Group
     menegaskan posisi Grup MPM sebagai perusahaan pilihan bagi              as an employer of choice for young generation that is ready to
     generasi muda yang siap berkembang.                                     grow and develop.

     Program e-Learning                                                      e-Learning Program

     Perseroan terus menegaskan komitmennya untuk menyediakan                The Company continues to reaffirm its commitment to providing
     pelatihan yang relevan dan efektif bagi seluruh karyawan,               relevant and effective trainings for all employees, tailored to their
     menyesuaikan dengan kebutuhan dan beragam peran mereka.                 respective needs and diverse roles. Accordingly, the Company has
     Sebagai bagian dari upaya ini, Perseroan menghadirkan platform          introduced an innovative e-Learning platform, Moodle, designed
     e-Learning inovatif, Moodle, yang dirancang untuk memperkaya            to enrich employees learning and development processes.
     proses pembelajaran dan pengembangan karyawan.


     Melalui Moodle, modul-modul pelatihan tradisional diubah                Through Moodle, traditional training modules are transformed
     menjadi pengalaman belajar online yang interaktif dan menarik,          into interactive and engaging online learning experience, enabling
     memungkinkan karyawan mengakses materi kapan saja dan dari              employees to access materials anytime and anywhere according
     mana saja sesuai kebutuhan mereka. Pendekatan ini tidak hanya           to their needs. This approach not only offers flexibility but also
     meningkatkan fleksibilitas, tetapi juga mendorong kemandirian           encourages greater independence in personal development.
     dalam proses pengembangan diri.


     Platform Moodle juga mampu mengintegrasikan berbagai                    The Moodle platform is also capable of integrating various
     sistem e-Learning di seluruh Entitas Anak Perseroan,                    e-Learning systems across the Company’s Subsidiaries,
     menciptakan ekosistem pembelajaran yang terpadu dan                     creating a unified and comprehensive learning ecosystem. This
     menyeluruh. Integrasi ini mendukung kolaborasi lintas entitas           integration supports cross-entity collaboration and ensures all
     dan memastikan semua karyawan memiliki akses yang setara                employees have equal access to various educational resources.
     terhadap berbagai sumber daya pendidikan.


     Sepanjang tahun 2025, Perseroan memperkenalkan modul-                   Throughout 2025, the Company introduced new training modules
     modul pelatihan baru berikut di seluruh Perseroan dan Entitas           across the Company and its Subsidiaries, they were:
     Anak:


                                                                 Perseroan/Company
                                              Enterprise Risk Management & Internal Control Fundamental
                                                                     LEAD 2 2025
                                                                     LEAD 3 2025
                                                                 Information Security
                                            MPMulia, MPMMotor, PT Mitra Pertama Mulia (ERRO Partshop)
                                                               MPM Strategic Ideation
                                                                MPM LEAD 3 Program
                                                                 Security Awareness
                                                      Enterprise Risk Management Fundamental
                                                                   MPMInsurance
                                                       Policy Processing Guidelines-Property Edition
                                                                  Work Smarter, Not Harder
                                                   Creative Thinking: Techniques and Tools for Success
                                                             Time Management Fundamentals
                                                                    Credo Reinforcement
                                                     Project Management Foundations: Requirements
                                                         Introduction to Data Analysis Using Excel
                                             Socialization of MPMInsurance Data Privacy Protection Policy v1
                                                              Agile Requirements Foundations
                                                                      SDP Assessment
                                                     Service Partnership for more value to customers
                                                          Creating Better Value for My Customers
                                       Strategic Decision Making-SWOT Analysis & Strategic Decision Making Plan
                                                The Importance of Resilient Leadership for Modern Leader



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Selain Moodle, Perseroan juga mengembangkan pendekatan                In addition to Moodle, the Company has also developed an
pembelajaran yang inovatif melalui gamifikasi dengan                  innovative learning approach through gamification by leveraging
memanfaatkan Kolaboratif Online Learning App (KOLA). Aplikasi         the Collaborative Online Learning App (KOLA). This application
ini menghadirkan pengalaman belajar yang interaktif dan               delivers an interactive and enjoyable learning experience through
menyenangkan melalui format permainan seperti ular tangga,            game-based formats such as snakes and ladders, making each
sehingga setiap proses pembelajaran menjadi lebih menarik dan         learning process more engaging and motivating.
memotivasi.


KOLA dirancang agar dapat diakses oleh beragam pengguna               KOLA is designed with greater accessibility for a wide range of
untuk berbagai kebutuhan pembelajaran. Aplikasi ini                   users and learning needs. The application enables easy creation,
memungkinkan pembuatan, penyesuaian, dan pengelolaan konten           customization, and management of content, while also providing
dengan mudah, sekaligus menyediakan platform interaktif yang          an interactive platform that can be tailored to different participant
dapat menyesuaikan dengan karakteristik peserta yang berbeda.         characteristics. Through this approach, the Company offers high
Dengan pendekatan ini, Perseroan memberikan fleksibilitas tinggi      flexibility in the learning experience, maintains engagement, and
dalam pengalaman belajar, menjaga keterlibatan, serta memacu          continuously boosts employee motivation.
motivasi karyawan secara berkelanjutan.


MPMLounge                                                             MPMLounge

Dalam upaya memperkuat keterlibatan karyawan sekaligus                As part of its efforts to strengthen employee engagement while
mempermudah akses layanan SDM, Perseroan menghadirkan                 simplifying access to HR services, the Company introduced
MPMLounge, portal internal yang dirancang untuk dapat diakses         MPMLounge, an internal portal that is accessible both online and
secara online maupun melalui perangkat seluler. Platform ini          via mobile devices. This platform integrates various essential
menyatukan berbagai layanan dan informasi penting, termasuk:          services and information, including:
1. Flexible benefits;                                                 1. Flexible benefits;
2. Permohonan pelatihan;                                              2. Training request;
3. Pemesanan ruang;                                                   3. Booking Room;
4. Program penghargaan;                                               4. Rewards programs;
5. Manajemen kinerja; dan                                             5. Performance management; and
6. AI Powered Chatbot.                                                6. AI Powered Chatbot.


MPM Young Talent Program                                              MPM Young Talent Program

Sebagai bagian dari strategi jangka panjang dalam                     As part of its long-term leadership development strategy, the
pengembangan kepemimpinan, Perseroan terus mengelola MPM              Company continues to manage the MPM Young Talent Program,
Young Talent Program, yang ditujukan untuk menyiapkan calon           which aims to prepare future leaders of the MPM Group. This
pemimpin masa depan di Grup MPM. Program ini merupakan                program is the continuation of the Management Trainee (MT)
kelanjutan dari inisiatif Management Trainee (MT) dan secara          program and is specifically open to fresh graduates from leading
khusus dibuka untuk lulusan baru dari universitas terkemuka,          local and international universities.
baik lokal maupun internasional.


Dalam durasi 12 bulan, peserta mengikuti program                      Within a 12-month period, participants will join a comprehensive
pengembangan yang komprehensif, termasuk sesi tatap                   development program, including classroom sessions, on-the-job
muka, on-the-job training di Perseroan, serta penempatan di           training at the Company, and assignments within Subsidiaries.
Entitas Anak. Program ini bertujuan memperluas wawasan,               The program is designed to broaden perspectives, enhance
meningkatkan kompetensi teknis dan non-teknis, serta                  both technical and non-technical competencies, and strengthen
mengasah kemampuan interpersonal agar peserta siap                    interpersonal skills to ensure the readiness of the program
berkolaborasi secara efektif dengan berbagai tim dan pemangku         participants to collaborate effectively with diverse teams and
kepentingan.                                                          stakeholders.


Pada tahun 2025, Perseroan menyeleksi kandidat unggulan untuk         In 2025, the Company selected outstanding candidates to join the
bergabung dalam angkatan ke-11 MPM Young Talent Program.              11th batch of the MPM Young Talent Program. The participants
Para peserta menjalani rangkaian pengembangan melalui rotasi          are undertaking a comprehensive development journey through
penugasan di kantor pusat dan Entitas Anak guna memperkaya            rotational assignments at the head office and Subsidiaries to
wawasan bisnis serta memperkuat kompetensi kepemimpinan.              broaden their business insights and strengthen their leadership
Program ini masih berlangsung hingga tahun 2026, dan setelah          competencies. The program will continue through 2026, and
seluruh rangkaian pengembangan diselesaikan, para peserta             upon completion of the entire development process, participants




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             Pengantar            Ikhtisar Kinerja              Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights        Management Report           Company Profile             Business Support Overview




     diproyeksikan menempati posisi Supervisor di Perseroan sebagai       are projected to assume Supervisor-level positions within the
     bagian dari regenerasi kepemimpinan. Perseroan berkomitmen           Company as part of its leadership regeneration efforts. The
     untuk terus melanjutkan program ini secara berkelanjutan             Company remains committed to continuing this program on a
     sebagai upaya membangun pipeline talenta profesional yang siap       sustainable basis to build a strong pipeline of professional talent
     mendukung pertumbuhan usaha dan keberhasilan organisasi              capable of supporting the organization’s long-term growth and
     dalam jangka panjang.                                                success.


     Fleksibilitas dan Mobilitas Karyawan                                 Employee Flexibility and Mobility

     Perseroan menempatkan fleksibilitas dan mobilitas sebagai            The Company puts flexibility and mobility as key priorities in
     salah satu prioritas dalam menciptakan lingkungan kerja yang         creating an adaptive and vibrant work environment. Various
     adaptif dan dinamis. Berbagai inisiatif telah diterapkan untuk       initiatives have been implemented to ensure that employees can
     memastikan karyawan dapat bekerja secara nyaman dan                  work comfortably and productively, including:
     produktif, antara lain:
     1. Car Ownership Program                                             1. Car Ownership Program
         Perseroan memberikan karyawan pilihan dalam memperoleh              Employees are given the option to purchase a car, lease a
         mobil, menyewa kendaraan, atau tidak mengambil fasilitas            vehicle, or opt out of car facility entirely, with the alternative
         mobil sama sekali, dengan opsi menukarkan fasilitas                 of converting the benefit into an equivalent cash allowance.
         tersebut menjadi tunjangan uang tunai setara nilainya.
     2. Motorcycle Ownership Program                                      2. Motorcycle Ownership Program
         Perseroan memfasilitasi karyawan untuk memiliki sepeda              The Company facilitates employees in owning motorcycles
         motor yang mendukung mobilitas mereka dalam aktivitas               to support their daily mobility.
         sehari-hari.
     3. Credo Points                                                      3. Credo Points
         Perseroan memberikan fleksibilitas bagi karyawan untuk              Employees are given flexibility to participate in various
         berpartisipasi dalam berbagai kegiatan perusahaan dan               activities and receive benefits or rewards for their
         memperoleh manfaat atau penghargaan atas kontribusi                 contributions.
         yang diberikan.
     4. Kegiatan Work-Life Balance                                        4. Work-Life Balance Activities
         Perseroan secara konsisten mendorong karyawan untuk                 The Company consistently encourages employees to
         menjaga keseimbangan antara pekerjaan dan kehidupan                 maintain a balance between work and personal life to
         pribadi, guna meminimalkan stres dan meningkatkan                   minimize stress and boost job satisfaction.
         kepuasan kerja.
     5. Area Kerja Modern dan Nyaman                                      5. Modern and Comfortable Work Areas
         Ruang kerja dirancang terbuka tanpa sekat, memberikan               Workspace is designed with open layouts and no partitions,
         kesan luas dan modern. Area ini dilengkapi dengan mesin             creating a spacious and modern atmosphere. These areas
         kopi, kursi bar, zona santai untuk bersosialisasi dan bermain       are equipped with coffee machines, bar seating, relaxation
         permainan sederhana, serta mural yang dapat digunakan               zones for socializing and light games, as well as murals that
         sebagai spot foto.                                                  serve as photo spots.
     6. Satellite Office                                                  6. Satellite Office
         Memberikan opsi bagi karyawan untuk bekerja dari satellite          Employees are provided with the option to work from a
         office di kawasan Alam Sutera, mendukung fleksibilitas              satellite office in the Alam Sutera area, creating flexibility in
         lokasi kerja sesuai kebutuhan.                                      work location according to their needs.


     Profil SDM                                                           HR Profile

     Sepanjang tahun 2025, jumlah tenaga kerja Perseroan beserta          Throughout 2025, the Company and its Subsidiaries recorded
     Entitas Anak mengalami penurunan sebesar 3,4%. Penurunan             a decrease in total workforce by 3.4%. This decline was
     ini terutama disebabkan oleh karyawan yang memasuki usia             primarily attributable to employees which enter the retirement
     pensiun serta peningkatan efisiensi operasional yang diperoleh       period, as well as improved operational efficiency through the
     melalui implementasi digitalisasi dan pemanfaatan teknologi di       implementation of digitalization and the utilization of technology
     seluruh lini Perseroan dan Entitas Anak.                             across all business lines of the Company and its Subsidiaries.


     Berikut adalah rincian jumlah karyawan Perseroan dan Entitas         The total number of employees of the Company and its
     Anak hingga akhir tahun 2025:                                        Subsidiaries as of the end of 2025 are detailed as follows:




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          Management Discussion and Analysis             Corporate Governance                 Environmental and Social Responsibility




                                                     2025                          2024
                  Uraian                  Pria       Wanita Jumlah      Pria       Wanita Jumlah                   Description
                                          Male       Female Total       Male       Female Total
Komposisi Karyawan berdasarkan Jabatan dan Gender                                    Employee Composition based on Position and Gender

General Manager & Vice President                21          6     27        21            6       27     General Manager & Vice President

Manager & Senior Manager                        58       25       83        57         25         82            Manager & Senior Manager

Supervisor & Associate Manager                 126       75      201       121         62        183       Supervisor & Associate Manager

Staff & Officer                                811      372     1.183      870        384      1.254                           Staff & Officer

Jumlah                                     1.016        478     1.494    1.069        477      1.546                                    Total

Komposisi Karyawan berdasarkan Tingkat Pendidikan                                         Employee Composition based on Education Level
dan Gender                                                                                                                  and Gender

Sarjana atau Lebih Tinggi                      478      315      793       479        318        797                     Bachelor or Higher

Diploma                                         69       71      140        76         75        151                                 Diploma

Lain-lain                                      469       92      561       514         84        598                                  Others

Jumlah                                     1.016        478     1.494    1.069        477      1.546                                    Total

Komposisi Karyawan berdasarkan Masa Kerja                                                 Employee Composition based on Years of Service
dan Gender                                                                                                                  and Gender

15 tahun                                       185       75      260       141         51        192                                15 years

10-15 tahun                                    261      101      362       223         91        314                             10-15 years

5-10 tahun                                     251       96      347       263         98        361                              5-10 years

1-5 tahun                                      265      169      434       261        132        393                               1-5 years

≤ 1 tahun                                       54       37       91       181        105        286                                 ≤ 1 year

Jumlah                                     1.016        478     1.494    1.069        477      1.546                                    Total

Komposisi Karyawan berdasarkan Usia dan Gender                                                   Employee Composition by Age and Gender

> 55 tahun                                       6          3      9           3          2        5                           > 55 years old

51-55 tahun                                     40          8     48        31            9       40                         50-55 years old

41-50 tahun                                    302       89      391       275         71        346                         41-50 years old

31-40 tahun                                    467      227      694       512        226        738                         31-40 years old

26-30 tahun                                    159       99      258       191        119        310                         26-30 years old

≤ 25 tahun                                      42       52       94        57         50        107                           ≤ 25 years old

Jumlah                                     1.016        478     1.494    1.069        477      1.546                                    Total

Komposisi Karyawan berdasarkan Segmen Operasi                                       Employee Composition based on Operating Segments
dan Gender                                                                                                                and Gender

Perseroan                                       46       36       82        50         37         87                               Company

Distribusi, Ritel dan Aftermarket              815      337     1.152      858        333      1.191    Distribution, Retail and Aftermarket

Asuransi                                       155      105      260       161        107        268                               Insurance

Jumlah                                     1.016        478     1.494    1.069        477      1.546                                    Total

Komposisi Karyawan berdasarkan Status Ketenagakerjaan                                Employee Composition based on Employment Status
dan Gender                                                                                                               and Gender

Pegawai Tetap                                  872      413     1.285      918        421      1.339                 Permanent Employees

Pegawai Kontrak                                144       65      209       151         56        207                    Contract Employees

Jumlah                                     1.016        478     1.494    1.069        477      1.546                                    Total




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             Pengantar            Ikhtisar Kinerja             Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights       Management Report            Company Profile           Business Support Overview




     Pelatihan dan Pengembangan Kompetensi                                 HR Training and Competency Development
     SDM

     Sepanjang tahun 2025, Perseroan mengalokasikan anggaran               Throughout 2025, the Company allocated a budget of Rp2.6
     sebesar Rp2,6 miliar untuk mendukung berbagai program                 billion to support various training and competency development
     pelatihan dan pengembangan kompetensi bagi seluruh karyawan           programs for all employees of MPM Group. This initiative
     di lingkungan Grup MPM. Langkah ini menunjukkan komitmen              reflected the Company’s commitment to enhancing skills,
     Perseroan dalam meningkatkan keterampilan, memperluas                 expanding knowledge, and fostering continuous professional
     pengetahuan, dan mendorong pertumbuhan profesional yang               growth throughout the organization.
     berkelanjutan di seluruh organisasi.


     Berikut adalah rincian jumlah program pengembangan kompetensi         Below is the further details of competency development programs
     yang diikuti oleh karyawan Grup MPM selama tahun 2025:                attended by employees of MPM Group in the course of 2025:


      Jenis Pengembangan                                   MPMulia - MPMMotor -                                           Jumlah
                                         Perseroan
          Kompetensi                                         ERRO Partshop                MPMInsurance                      Total
                                          Company
      Type of Competency                                      (kali/sessions)             (kali/sessions)             (kali/sessions)
                                       (kali/sessions)
          Development

     Technical                               54                       56                        104                         214

     Leadership                              14                       13                          6                         33

     Lainnya/Other                            1                       0                          76                         77


     Leadership             Education       dan      Development           Leadership         Education         and      Development
     Program                                                               Program

     Sejak 2016, Perseroan telah menjalankan program Pendidikan            Since 2016, the Company has implemented a Leadership
     Kepemimpinan yang mencakup seluruh jenjang, mulai dari                Education program for employees at all levels, from staff
     staf hingga level eksekutif. Pada tahun 2025, Perseroan               to executive management members. In 2025, the Company
     kembali mengadakan program MPM Leadership Education and               once again conducted the MPM Leadership Education and
     Development untuk para Supervisor dan Associate Manager,              Development program for Supervisors and Associate Managers,
     yang menghadirkan talenta terbaik dari seluruh Grup MPM.              bringing together top talents from across the MPM Group.


     Program ini dirancang untuk mengembangkan kompetensi                  The program was designed to develop core leadership
     kepemimpinan inti di berbagai bidang strategis, termasuk              competencies in various strategic areas, including Leadership
     Leadership Excellence, Coaching, Creative Problem Solving,            Excellence, Coaching, Creative Problem Solving, Communication,
     Communication, Leading Teams, dan Presenting. Dengan                  Leading Teams, and Presenting. By emphasizing mastery of
     menekankan penguasaan keterampilan kepemimpinan yang                  these critical leadership skills, the program aimed to empower
     krusial ini, program ini bertujuan untuk memberdayakan peserta        participants to drive innovation, accelerate business growth, and
     agar mampu mendorong inovasi, mempercepat pertumbuhan                 lead teams with significant impact throughout the organization.
     bisnis, dan memimpin tim dengan dampak yang lebih signifikan
     di seluruh organisasi.


     Data Analytics School Program                                         Data Analytics School Program

     Memahami pentingnya kemampuan analisis, pengolahan, dan               Recognizing the importance of data analysis, processing, and
     visualisasi data di era digital, Perseroan menjalankan program        visualization in the digital era, the Company has introduced a
     Data Analytics School untuk mengembangkan talenta data di Grup        Data Analytics School program to develop data talent within the
     MPM. Program ini bertujuan memastikan setiap pengambilan              MPM Group. The program is intended to ensure that all decision-
     keputusan didukung oleh data yang akurat dan terpercaya.              making processes are supported by accurate and reliable data.


     Materi pengembangan meliputi Critical Thinking for Data               The development materials include Critical Thinking for Data
     Analysts, teknik analisis dan penyajian data, serta penggunaan        Analysts, data analysis and data presentation techniques, as
     perangkat lunak Business Intelligence untuk memvisualisasikan         well as the use of Business Intelligence software to visualize
     dan menyampaikan informasi secara efektif. Melalui program            and deliver information effectively. Through this program, the
     ini, Perseroan memperkuat kompetensi digital karyawan dan             Company strengthens the digital competencies of its employees
     menyiapkan mereka untuk menghadapi tuntutan pengambilan               and prepares them for the future demands of data-driven
     keputusan berbasis data di masa depan.                                decision-making.



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        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Penilaian Kinerja SDM                                                 HR Performance Assessment

Dalam upaya meningkatkan produktivitas dan mendorong                  To enhance productivity and support the achievements of the
pencapaian tujuan strategis Perseroan, pada tahun 2025, sistem        Company’s strategic goal, in 2025 the employee performance
penilaian kinerja karyawan terus dijalankan secara menyeluruh         assessment system continued to be implemented in a
dan komprehensif. Sistem ini menekankan evaluasi kinerja              comprehensive and holistic manner. This system emphasizes
berdasarkan Key Performance Indicators (KPI) yang telah               performance evaluation based on the predetermined Key
ditetapkan, selaras dengan arah strategis Perseroan.                  Performance Indicators (KPI), aligned with the Company’s
                                                                      strategic direction.


Proses penilaian dilakukan setiap tahun oleh atasan langsung,         The assessment process is conducted annually by direct
sehingga setiap kontribusi individu dapat dievaluasi secara           supervisors, enabling individual’s contribution to be evaluated
objektif dan menyeluruh. Hasil evaluasi kinerja karyawan              objectively and thoroughly. The results of performance
menjadi dasar bagi penetapan penghargaan (reward), sanksi             evaluations serve as the basis for determining rewards, sanctions,
(punishment), promosi, mutasi, atau demosi, serta penyesuaian         promotions, transfers, or demotions, as well as adjustments
remunerasi dan fasilitas lainnya. Pada tahun 2025, sebagian           to remuneration and other benefits. In 2025, the majority of
besar karyawan berhasil mencapai atau melampaui target                employees successfully achieved or exceeded their KPI targets,
KPI mereka, mencerminkan komitmen tim dalam mendukung                 reflecting strong commitment across the teams in advancing the
pertumbuhan Perseroan.                                                Company’s growth.


Pengembangan Karier SDM                                               HR Career Development

Perseroan terus menekankan prinsip transparansi dan                   The Company continues to uphold the principles of
meritokrasi dalam pengembangan karier. Program ini                    transparency and meritocracy in career development. This
memberikan kesempatan yang setara bagi seluruh karyawan               program provides equal opportunities for all employees
untuk berkembang, dengan promosi dan penugasan baru yang              to grow, through promotions and new assignments based
didasarkan pada kinerja, kompetensi, dan kebutuhan organisasi.        on performance, competencies, and organizational needs.


Program pengembangan karier dilaksanakan dua kali setahun,            Career development programs are held twice a year, in March and
pada bulan Maret dan September, menyesuaikan dengan                   September, in line with the Company’s evolving business needs
kebutuhan bisnis dan strategi Perseroan yang terus berkembang.        and strategy. During 2025, the employees who participated in
Selama tahun 2025, jumlah karyawan yang telah mengikuti dan           and benefited from the career development program is reported
memperoleh manfaat dari program pengembangan karier dapat             in the following table:
dilihat pada tabel berikut:



                                              2025                             2024
              Uraian                   Pria   Wanita     Jumlah       Pria     Wanita     Jumlah                            Description
                                       Male   Female      Total       Male     Female      Total

Promosi Jabatan*                        146     109         255        49        27         76                          Job Promotion*

Mutasi Jabatan**                         8       3          11          3         3          6                           Job Transfer**

* Komposisi karyawan Grup MPM/MPM Group employee composition
** Komposisi karyawan Perseroan/The Company’s employee composition


Remunerasi dan Kesejahteraan SDM                                      HR Remuneration and Welfare

Perseroan terus menegaskan komitmennya untuk memberikan               The Company continues to reaffirm its commitment to providing
kebijakan remunerasi yang kompetitif, adil, dan selaras dengan        remuneration policies that are competitive, fair, and aligned with
kinerja karyawan, sekaligus memastikan kesejahteraan mereka           employee performance, while also ensuring the overall well-
secara menyeluruh. Kebijakan ini dirancang untuk meminimalkan         being of its workforce. These policies are designed to address
kesenjangan gaji di antara seluruh karyawan, sekaligus                wage disparity among all employees, while considering individual
mempertimbangkan posisi dan tanggung jawab masing-masing              positions and responsibilities within the organizational structure,
dalam struktur organisasi tanpa membedakan jenis kelamin.             regardless of their gender.


Selain itu, Perseroan secara rutin menyesuaikan tingkat upah          In addition, the Company regularly adjusts employee wage
karyawan agar sejalan dengan ketentuan Upah Minimum                   levels to align with the applicable Provincial Minimum Wage



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             Pengantar            Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan         Tinjauan Pendukung Bisnis
             Introduction         Performance Highlights           Management Report           Company Profile           Business Support Overview




     Provinsi yang berlaku, sesuai dengan lokasi operasional masing-          at its respective operational locations. This approach ensures
     masing. Pendekatan ini memastikan setiap karyawan menerima               that every employee receives fair compensation consistent with
     kompensasi yang adil dan relevan dengan standar regional.                regional standards.


     Jenis remunerasi dan fasilitas kesejahteraan yang diberikan              The components of remuneration and welfare benefits provided
     kepada karyawan Perseroan meliputi:                                      by the Company to the employees include:


                                                 Uraian                                              Karyawan Tetap    Karyawan Kontrak
                                               Description                                        Permanent Employees Contract Employees

     Gaji Pokok
     Basic Salary
                                                                                                             √                    √

     Program Badan Penyelenggaraan Jaminan Sosial (BPJS) Ketenagakerjaan dan Kesehatan
     Employment and Health Social Security Agency (BPJS) Program
                                                                                                             √                    √

     Tunjangan Hari Raya
     Holiday Allowance
                                                                                                             √                    √

     Hak Cuti
     Leave Entitlement
                                                                                                             √                    √

     Tunjangan Pensiun (BPJS Ketenagakerjaan/Program Jaminan Pensiun)
     Retirement Allowance (BPJS Employment/Retirement Security Program)
                                                                                                             √                    √

     Fasilitas Transportasi dan Makan
     Transportation and Meal Facilities
                                                                                                             √                    √

     Fasilitas Pengobatan dan Kacamata                                                                                             -
     Medical and Eyeglasses Facilities
                                                                                                             √

     Pesangon                                                                                                                      -
     Severance Pay
                                                                                                             √

     Kompensasi Pengakhiran Masa Kontrak
     Compensation for Termination of Contract Period
                                                                                                             √                    √


     Keterlibatan Karyawan                                                    Employee Engagement

     Keterlibatan karyawan merupakan tolok ukur penting yang                  Employee engagement is an important indicator that reflects
     mencerminkan tingkat komitmen dan keterikatan emosional                  employees’ commitment and emotional attachment to the
     mereka terhadap Perseroan. Perseroan menyadari bahwa                     Company. The Company recognizes that a vibrant work
     lingkungan kerja yang mendukung dan perhatian terhadap                   environment and strong attention to employee well-being are
     kesejahteraan karyawan merupakan fondasi utama untuk                     essential for fostering motivation and job satisfaction. This
     menciptakan motivasi dan kepuasan kerja. Pendekatan ini                  approach helps build stronger collaboration among teams while
     membantu membangun kolaborasi yang lebih baik antar tim                  also driving overall productivity and Company’s performance.
     sekaligus mendorong produktivitas dan kinerja Perseroan secara
     menyeluruh.


     Sepanjang tahun 2025, Perseroan menyelenggarakan berbagai                Throughout 2025, the Company carried out various programs
     program dan kegiatan yang bertujuan untuk memperkuat                     and activities aimed at strengthening employee’s engagement.
     keterlibatan karyawan. Program-program ini dirancang untuk               These programs were aimed to enhance employees’ sense of
     meningkatkan rasa memiliki, kepuasan kerja, serta keselarasan            belonging, job satisfaction, and alignment with the Company’s
     karyawan dengan tujuan dan nilai-nilai Perseroan. Rincian                goals and values. Details of the employee engagement programs
     program keterlibatan karyawan dapat dilihat pada tabel berikut:          are presented in the following table:


     Program                                                                          Uraian
                                                                                    Description

     MPM Sport Club                    Perseroan menyediakan fasilitas untuk klub olahraga seperti badminton, basket, futsal, serta kelas yoga
                                       dan pound fit, guna meningkatkan kebugaran dan semangat tim karyawan.
                                       The Company has facilitated sport clubs, such as badminton, basket, futsal, and yoga classes and pound
                                       fit, to boost fitness and team spirit among employees.




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         Management Discussion and Analysis                 Corporate Governance                   Environmental and Social Responsibility




Program                                                                                Uraian
                                                                                     Description

Spiritual Engagement Event Untuk mendukung kebutuhan spiritual, Perseroan menyelenggarakan kegiatan keagamaan pada
                           momen-momen tertentu, termasuk Ramadhan, Paskah, dan Natal.
                                 To support employees’ spiritual needs, the Company organized religious activities on specific occasions,
                                 including Ramadan, Easter, and Christmas.

Medical Check Up                 Perseroan rutin mengadakan pemeriksaan kesehatan tahunan bagi karyawan untuk memastikan kondisi
                                 fisik mereka tetap optimal.
                                 The Company conducted annual health check-ups for employees to ensure that their physical condition
                                 remains optimal.

Psychological Health Event       Karyawan diberikan akses ke sesi webinar kesehatan mental yang menghadirkan psikolog, termasuk
                                 kesempatan untuk berkonsultasi langsung terkait isu psikologis yang dihadapi.
                                 Employees were provided with access to mental health webinar sessions featuring psychologists,
                                 including opportunities for direct psychological consultation regarding their personal issues.

Skill and Knowledge              Perseroan mengadakan pelatihan dan webinar dengan narasumber eksternal untuk memperluas
Sharing                          pengetahuan karyawan di berbagai topik di luar bidang pekerjaan masing-masing.
                                 The Company held training programs and webinars featuring external speakers to broaden employee
                                 knowledge across various topics beyond their respective fields of work.

Financial Literacy for           Program ini dirancang untuk meningkatkan pemahaman karyawan terkait pengelolaan keuangan melalui
Employee                         seminar dan webinar yang menghadirkan pakar di bidang keuangan.
                                 This program was aimed to enhance employees’ understanding of financial management through
                                 seminars and webinars featuring experts in the field of finance.

Outing                           Perseroan memfasilitasi kegiatan rekreasi tahunan yang bertujuan memperkuat hubungan sosial dan
                                 kerja sama antar karyawan.
                                 The Company held an annual recreational event aimed at strengthening social relationships and team
                                 building among employees.

MPM Talks                        Sebagai bagian dari pengembangan kepemimpinan, program ini menyelenggarakan sesi diskusi hybrid
                                 yang menghadirkan pemimpin dari Grup MPM dan afiliasi, sekaligus mendorong pertukaran pengalaman
                                 dan inspirasi antar karyawan.
                                 As part of leadership development, this program facilitated a series of hybrid discussions featuring
                                 leaders from the MPM Group and its affiliates, while also encouraging the exchange of experiences and
                                 inspiration among employees.



Tingkat Perputaran Karyawan                                                 Employee Turnover Rate

Perseroan terus berupaya menciptakan lingkungan kerja yang                  The Company continues to strive to establish a safe, comfortable,
aman, nyaman, dan mendukung kesejahteraan karyawan,                         and supportive work environment that promotes employee
sekaligus mendorong keterlibatan jangka panjang. Berbagai                   well-being while encouraging long-term engagement. Various
langkah strategis diterapkan untuk meningkatkan kepuasan                    strategic measures have been in place to boost job satisfaction,
kerja, membangun budaya kerja yang positif, dan memastikan                  foster a positive work culture, and ensure that employees feel
karyawan merasa dihargai serta terhubung dengan visi dan                    valued and connected to the organization’s vision and mission. In
misi organisasi. Pada tahun 2025, tingkat perputaran karyawan               2025, the employee turnover rate was recorded at 11.5%, a slight
tercatat sebesar 11,5%, sedikit menurun dibandingkan tahun                  decrease compared to 11.82% in the previous year.
sebelumnya sebesar 11,82%.


Membangun Budaya Perusahaan yang Kuat                                       Building a Strong Corporate Culture

Perseroan menekankan pentingnya budaya perusahaan yang                      The Company emphasizes the importance of a strong corporate
kuat sebagai fondasi bagi karyawan untuk bekerja dengan                     culture as the foundation for employees to perform at their
potensi terbaik, berlandaskan nilai-nilai inti Perseroan yang               best, guided by the Company’s core values known as CREDO.
dikenal sebagai CREDO. Selama tahun 2025, penerapan budaya                  Throughout 2025, the internalization of this culture was
ini terus diperkuat melalui inisiatif-inisiatif strategis, antara lain:     strengthened through several strategic initiatives, including:
1. CREDO Awareness, mencakup upaya meningkatkan                             1. CREDO Awareness, encompassing efforts to raise employee
     kesadaran karyawan melalui visualisasi dan media digital                   awareness through visualizations and digital media such as
     seperti murals, wallpaper komputer, serta maskot perusahaan                murals, computer wallpapers, and corporate mascots (Kola,
     (Kola, Tiki, dan Owie);                                                    Tiki, and Owie);




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     2. CREDO Education, melalui program pelatihan dan kegiatan         2. CREDO Education, delivered through training programs and
        seperti 10 Beliefs dan 3 CREDO FM Credo Show, Credo Show           activities such as 10 Beliefs and 3 CREDO FM Credo Show,
        Special Edition, serta integrasi CREDO ke dalam berbagai           Credo Show Special Edition, and the integration of CREDO
        aktivitas korporasi;                                               into various corporate activities;
     3. CREDO Internalization, memastikan nilai-nilai CREDO             3. CREDO Internalization, ensuring that CREDO values are
        melekat dalam proses rekrutmen dan sistem manajemen                embedded in the recruitment process and performance
        kinerja; dan                                                       management system; and
     4. CREDO Ambassador Program, memberikan kesempatan                 4. CREDO Ambassador Program, providing opportunities
        kepada karyawan di seluruh Grup MPM untuk menjadi                  for employees across the MPM Group to become culture
        duta budaya, berpartisipasi langsung dalam kegiatan yang           ambassadors by directly participating in activities that
        mempromosikan nilai-nilai inti Perseroan.                          promote the Company’s core values.


     Program Anti Intoleransi, Radikalisme, dan                         Anti-Intolerance, Radicalism, and Terrorism
     Terorisme                                                          Program

     Perseroan berkomitmen untuk menjaga lingkungan kerja               The Company is committed to maintaining a safe, inclusive work
     yang aman, inklusif, dan bebas dari pengaruh paham yang            environment free of influences that are against national values
     bertentangan dengan nilai kebangsaan dan budaya Perseroan.         and the Company’s culture. Throughout 2025, the Company
     Sepanjang tahun 2025, Perseroan melaksanakan Program               implemented the Prevention of Intolerance, Radicalism, and
     Pencegahan Intoleransi, Radikalisme, dan Terorisme (Anti-IRT)      Terrorism (Anti-IRT) Program as a preventive measure against
     sebagai langkah preventif untuk meminimalkan risiko masuk dan      the risk of extremist ideologies or radical beliefs developing
     berkembangnya ideologi ekstremis maupun keyakinan radikal di       within the MPM Group’s work environment.
     lingkungan kerja Grup MPM.


     Melalui program ini, Perseroan menyelenggarakan berbagai           Through this program, the Company has introduced various
     upaya edukasi dan komunikasi internal guna meningkatkan            educational initiatives and internal communications to
     pemahaman karyawan dalam mengenali indikasi awal, pola             enhance employees’ awareness of identifying early indicators,
     penyebaran, serta potensi dampak dari paham intoleran dan          dissemination patterns, and potential impacts of intolerant and
     radikal. Inisiatif ini mendorong kewaspadaan kolektif sekaligus    radical ideologies. Such initiatives promote collective vigilance
     memperkuat peran karyawan dalam menjaga keharmonisan,              while strengthening employees’ roles in maintaining harmony,
     keamanan, dan stabilitas lingkungan kerja yang selaras dengan      security, and stability at workplace, in line with the Company
     nilai Perseroan serta prinsip kebhinekaan.                         values and the principle of diversity.




                            Pengelolaan SDM Perseroan di tahun 2025
                            tetap berfokus pada beberapa prioritas
                            strategis yang mendukung penguatan
                            kapabilitas dan pengalaman karyawan.

                            The Company’s human capital management
                            in 2025 remained focused on several strategic
                            priorities aimed at strengthening employee
                            capabilities and enhancing the overall employee
                            experience.




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Teknologi Informasi
Information Technology


Teknologi Informasi (TI) menjadi salah satu pilar utama                    Information Technology (IT) is one of the key pillars ensuring
dalam mendukung keberlanjutan dan akselerasi kinerja bisnis                the sustainability and acceleration of the Company’s business
Perseroan di tengah dinamika industri ritel otomotif yang                  performance amid the increasingly competitive and dynamic
semakin kompetitif. Pemanfaatan TI tidak hanya berfungsi                   automotive retail industry. The IT utilization not only serves as
sebagai enabler operasional, tetapi juga sebagai fondasi                   an operational enabler, but also as a foundation for generating
dalam menghasilkan informasi yang akurat dan relevan untuk                 accurate and relevant information to support managerial and
mendukung proses pengambilan keputusan manajerial dan                      strategic decision-making process.
strategis.


Roadmap Pengembangan TI                                                    IT Development Roadmap




                                                           IT Strategy Vision
                               Adaptable and secure IT environment that foster agility, data-driven insights, user
                                experience, and innovation while ensuring security, compliance, and efficiency




                         Agile                                        Data                                     Modern
                    Infrastructure                                   Driven                                   Application

                  Robust and Secure                            Data Governance                             Micro Frontends
                    Infrastructure                               Framework                                 and Serverless
                                                                                                            Architecture
                   Elastic Scalability                           Data Quality
                                                               and Master Data                                 API-First
                     Microservices                              Management                                   Development
                     Architecture
                                                                  Advanced                                 DevOps Practices
                    Containerization                            Analytics and
                   and Orchestration                           Machine Learning                             User-Centered
                                                                                                               Design
                   High Performance                             Real-time Data
                    and Availability                             Processing                                  Cloud-Native
                                                                                                             Architecture
                                                               Privacy by Design




                                                   • Risk-based Assessment and Management                 • Encryption and Data Protection
                                                   • Access Control and Identity Management               • Security Automation and AI
                                                   • Threat Detection and Incident Response
     Comprehensive Security


Pelaksanaan Program dan Kebijakan TI Tahun                                 Implementation of IT Programs and Policies in
2025                                                                       2025

Melanjutkan penguatan fondasi Teknologi Informasi (TI) yang                Building on the strengthening of the Information Technology
telah dibangun pada tahun-tahun sebelumnya, sepanjang                      (IT) foundation established in previous years, throughout
tahun 2025 Perseroan secara konsisten memposisikan TI                      2025 the Company consistently positioned IT as a strategic
sebagai enabler strategis dalam mendukung kinerja bisnis dan               enabler in supporting business performance and the digital



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     transformasi digital Grup MPM. Pengelolaan TI diarahkan tidak          transformation of the MPM Group. IT management was directed
     hanya untuk memastikan keandalan sistem operasional, tetapi            not only toward ensuring the reliability of operational systems,
     juga untuk memperkuat keberlangsungan bisnis (business                 but also toward strengthening business continuity, enhancing
     continuity), meningkatkan efisiensi operasional, serta mendorong       operational efficiency, and enabling data-driven decision-
     pengambilan keputusan berbasis data di seluruh Grup MPM. Dalam         making across the MPM Group. In this context, strengthening
     konteks ini, penguatan tata kelola TI, peningkatan keamanan siber,     IT governance, enhancing cybersecurity, and developing robust
     serta pengembangan arsitektur dan infrastruktur digital yang           digital architecture and infrastructure remained key priorities to
     andal menjadi fokus utama guna memastikan kesiapan Perseroan           ensure the Company’s readiness in addressing evolving business
     dalam menghadapi dinamika bisnis dan risiko teknologi yang terus       dynamics and technology risks, while maintaining operational
     berkembang, sekaligus menjaga kesinambungan operasional                continuity through secure, stable, and resilient systems.
     melalui sistem yang aman, stabil, dan resilien.


     Selama tahun 2025, Divisi Corporate TI telah melaksanakan              During 2025, the Corporate IT Division implemented various
     berbagai inisiatif strategis yang mencakup penguatan aspek             strategic initiatives encompassing the enhancement of security
     keamanan dan tata kelola, pengembangan kapabilitas data dan            and governance, the development of data and analytics
     analitik, serta peningkatan keandalan infrastruktur dan sistem         capabilities, and the improvement of the reliability of the
     digital Perseroan. Implementasi program-program TI tersebut            Company’s digital infrastructure and systems. These IT programs
     antara lain meliputi:                                                  included, among others:
     1. pelaksanaan penilaian postur keamanan siber secara                  1. conducting a comprehensive cybersecurity posture
         menyeluruh di tingkat Grup MPM;                                        assessment across the MPM Group;
     2. penerapan kecerdasan buatan (Artificial Intelligence) untuk         2. implementing Artificial Intelligence (AI) to support DevOps
         mendukung aktivitas DevOps di Perseroan dan Entitas Anak;              activities within the Company and its Subsidiaries;
     3. implementasi pengujian aplikasi secara otomatis guna                3. deploying automated application testing to enhance system
         meningkatkan kualitas, stabilitas, dan keandalan sistem;               quality, stability, and reliability;
     4. penerapan referensi tata kelola data dan pengelolaan master         4. establishing data governance frameworks and enterprise
         data perusahaan;                                                       master data management practices;
     5. standarisasi master data untuk meningkatkan konsistensi             5. standardizing master data to improve consistency and
         dan akurasi informasi lintas entitas;                                  accuracy of information across entities;
     6. implementasi Network Management System untuk                        6. implementing a Network Management System to enable
         mendukung pemantauan dan pengelolaan jaringan secara                   centralized network monitoring and management;
         terpusat;
     7. konsolidasi Security Operation Center (SOC) Tahap II di             7. consolidating the Security Operations Center (SOC) Phase II
         Entitas Anak;                                                          within Subsidiaries;
     8. pelaksanaan ISO 27001 Tahap III dalam rangka penguatan              8. implementing ISO 27001 Phase III to strengthen and
         dan sertifikasi sistem manajemen keamanan informasi di                 certify information security management systems within
         Entitas Anak;                                                          Subsidiaries;
     9. pengembangan kapabilitas analitik data klaim di Entitas             9. enhancing claims data analytics capabilities within
         Anak;                                                                  Subsidiaries;
     10. pembangunan dashboard klaim kendaraan bermotor untuk               10. developing motor vehicle claims dashboards to support
         mendukung pengambilan keputusan berbasis data;                         data-driven decision-making;
     11. modernisasi arsitektur aplikasi di Entitas Anak guna               11. modernizing application architecture within Subsidiaries to
         meningkatkan skalabilitas, fleksibilitas, dan efisiensi sistem;        improve scalability, flexibility, and system efficiency;
     12. pembangunan data mart sebagai fondasi pengelolaan data             12. developing data marts as a foundation for structured data
         terstruktur di Entitas Anak;                                           management within Subsidiaries;
     13. penguatan tata kelola TI di Entitas Anak yang mencakup             13. strengthening IT governance within Subsidiaries, covering
         aspek arsitektur, proses TI, organisasi, dan pengembangan              architecture, IT processes, organizational structure, and
         SDM; serta                                                             human capital development; and
     14. sentralisasi mekanisme berbagi data di Entitas Anak melalui        14. centralizing data-sharing mechanisms within Subsidiaries
         pemanfaatan platform SharePoint dan OneDrive.                          through the utilization of SharePoint and OneDrive platforms.


     Melalui pelaksanaan berbagai inisiatif tersebut, Perseroan             Through the implementation of these initiatives, the Company
     memastikan bahwa fungsi TI tidak hanya berperan sebagai                ensures that the IT function serves not only as an operational
     pendukung operasional, tetapi juga sebagai pilar strategis dalam       support function but also as a strategic pillar in enhancing
     meningkatkan efisiensi, memperkuat pengendalian risiko, serta          efficiency, strengthening risk control, and maintaining system
     menjaga keandalan dan keamanan sistem sebagai fondasi                  reliability and security as a fundamental foundation for supporting
     utama dalam mendukung resiliensi dan keberlangsungan bisnis.           business resilience and continuity. With increasingly integrated
     Dengan fondasi tata kelola yang semakin terintegrasi dan               governance and continuously evolving digital capabilities, the
     kapabilitas digital yang terus berkembang, Perseroan berada



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pada posisi yang lebih kuat untuk menciptakan nilai tambah           Company is well-positioned to create sustainable long-term
jangka panjang bagi seluruh pemangku kepentingan.                    value for all stakeholders.



Pelatihan dan Pengembangan Kompetensi                                Training and Development of IT Human Capital
SDM di Bidang TI                                                     Competencies

Sepanjang tahun 2025, Perseroan melalui Divisi Corporate             Throughout 2025, the Company, through its Corporate IT
TI secara konsisten melaksanakan program pelatihan dan               Division, consistently implemented IT training and competency
pengembangan kompetensi di bidang TI guna memastikan                 development programs to ensure the readiness of its human
kesiapan sumber daya manusia dalam mendukung keandalan               resources in supporting system reliability, information security,
sistem, keamanan informasi, serta agenda transformasi                and the MPM Group’s digital transformation agenda. These
digital Grup MPM. Program-program tersebut dirancang untuk           programs were designed to enhance technical capabilities,
meningkatkan kapabilitas teknis, pemahaman tata kelola TI, dan       IT governance awareness, and the effective utilization of
pemanfaatan teknologi digital yang selaras dengan kebutuhan          digital technologies aligned with the Company’s operational
operasional dan strategis Perseroan. Rincian pelatihan dan           and strategic needs. Details of IT training and competency
pengembangan kompetensi SDM di bidang TI yang dilaksanakan           development programs conducted in 2025 are presented in the
selama tahun 2025 disajikan pada tabel berikut.                      following table.


               Peserta berdasarkan Level      Jumlah
  Tanggal               Jabatan               Peserta                 Materi Pelatihan/Seminar                    Penyelenggara
   Date      Participants based on Position    Total                 Training Materials/Seminar                     Organizer
                          Level             Participants

Februari     Associate Manager IT Security       1         Certified Penetration Testing Specialist (CPTS)    Hack The Box
February

Maret        Senior Manager Information          1         Master Class Risk Management for Digital           LSPMR
March        Security & Operation                          Transformation

April        Senior Manager Information          1         Project Management Professional                    Udemy
             Security & Operation

April        Associate Manager IT Security       1         Foundations of Operationalizing MITRE ATT&CK attackIQ
                                                           v13

Mei          Associate Manager IT Data           2         AI Innovation Conference                           Algoritma Data
May          Specialist, Associate Manager                                                                    Science School
             IT Information Security

Mei          Associate Manager IT Security       1         Windows API for Red Team Intro                     Red Team Leaders
May

Mei          Associate Manager IT Security       1         Security Operations Advanced                       Trend Micro
May

Mei          Associate Manager IT Security       1         Trend Vision One Platform Advanced                 Trend Micro
May

Mei          Associate Manager IT Security       1         Offensive Development Intro for Windows v1         Red Team Leaders
May

Juli         General Manager, Senior            29         Reimagining IT Infrastructure from Core to         Tech Update 2025
July         Manager, Manager, Associate                   Edge: Cloud-First, Agile, Secure, and Cost-
             Manager, Superviser, Officer                  Optimized by Design
             IT Group

Juli         General Manager, Senior            29         Cloud-Native, Container-Ready: The Future of       Tech Update 2025
July         Manager, Manager, Associate                   Application Delivery
             Manager, Superviser, Officer
             IT Group




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                     Peserta berdasarkan Level      Jumlah
       Tanggal                Jabatan               Peserta                  Materi Pelatihan/Seminar                Penyelenggara
        Date       Participants based on Position    Total                  Training Materials/Seminar                 Organizer
                                Level             Participants

     Juli          General Manager, Senior                 29     Tenable One, Modern Exposure Management for Tech Update 2025
     July          Manager, Manager, Associate                    Proactive Risk Mitigation
                   Manager, Superviser, Officer
                   IT Group

     Juli          General Manager, Senior                 29     Bridging Two Worlds: VMs and Containers in a   Tech Update 2025
     July          Manager, Manager, Associate                    Single OpenShift Platform
                   Manager, Superviser, Officer
                   IT Group

     Juli          General Manager, Senior                 29     Intelligence Data Processing                   Tech Update 2025
     July          Manager, Manager, Associate
                   Manager, Superviser, Officer
                   IT Group

     Juli          General Manager IT, Senior              30     Coaching For Performance and Development       Momenta Indonesia
     July          Manager Information Security                   Your Team Refreshment Training
                   & Operation, Senior Manager
                   Data Management, Manager
                   IT Digital Enablement

     Agustus       Associate Manager IT Data               1      AiLab-AI Engineer                              Kementerian
     August        Specialist                                                                                    Komunikasi dan Digital
                                                                                                                 (MicroSkill)
                                                                                                                 Ministry of Information
                                                                                                                 and Digital Affairs of
                                                                                                                 Indonesia

     Agustus       Associate Manager IT Data               1      LLM on Production                              rubythalib.ai
     August        Specialist

     Agustus       Associate Manager IT Security           1      Threat Whisperer                               attackIQ
     August

     Agustus       Associate Manager IT Security           1      Advanced Cyber Threat Intelligence Writing:    attackIQ
     August                                                       Crafting Actionable Reports

     September Associate Manager IT Data                   1      Seberapa Penting Menjaga Data Pribadi dan      Kementerian
               Specialist                                         Pelindungannya                                 Komunikasi dan Digital
                                                                  The Importance of Protecting Personal Data and (MicroSkill)
                                                                  its Safeguards                                 Ministry of Information
                                                                                                                 and Digital Affairs of
                                                                                                                 Indonesia

     September Associate Manager IT Data                   1      Menskalakan AI di Organisasi Anda              Kementerian
               Specialist                                         Scaling AI in Your Organization                Komunikasi dan Digital
                                                                                                                 (MicroSkill)
                                                                                                                 Ministry of Information
                                                                                                                 and Digital Affairs of
                                                                                                                 Indonesia

     September Superviser IT Data Specialist               1      PostgreSQL                                     ID-Networkers



     September Manager IT Digital                          3      .NET                                           Solecode Academy
               Enablement, SPV Application
               Development and Support,
               SPV IT QA & DevOps




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             Peserta berdasarkan Level      Jumlah
 Tanggal              Jabatan               Peserta                 Materi Pelatihan/Seminar                  Penyelenggara
  Date     Participants based on Position    Total                 Training Materials/Seminar                   Organizer
                        Level             Participants

September Associate Manager IT Security        1         AI Security & Governance                         Securiti Education



Oktober    General Manager IT                  1         CEH                                              ID-Networkers
October



Oktober    Associate Manager IT Data           1         Menerapkan rekayasa prompt dengan Azure       Kementerian
October    Specialist                                    OpenAI Service                                Komunikasi dan Digital
                                                         Applying prompt engineering with Azure OpenAI (MicroSkill)
                                                         Service                                       Ministry of Information
                                                                                                       and Digital Affairs of
                                                                                                       Indonesia

Oktober    Associate Manager IT Data           1         Image Recognition dan Speech Recognition     Kementerian
October    Specialist                                    Mengubah Interaksi Kita dengan Teknologi     Komunikasi dan Digital
                                                         Image Recognition and Speech Recognition (MicroSkill)
                                                         Transforming How We Interact with Technology Ministry of Information
                                                                                                      and Digital Affairs of
                                                                                                      Indonesia

Oktober    Associate Manager IT Data           1         Dasar-dasar Keamanan AI AiLab-AI Engineer       Kementerian
October    Specialist                                    Fundamentals of AI Security - AiLab AI Engineer Komunikasi dan Digital
                                                                                                         (MicroSkill)
                                                                                                          Ministry of Information
                                                                                                          and Digital Affairs of
                                                                                                          Indonesia

November   Senior Manager Data                 3         SQL SERVER DBA                                   Solecode Academy
           Management, Associate
           Manager IT Data Specialist,
           Superviser IT Data Specialist

November   Associate Manager IT                1         Proxmox VE                                       ID-Networkers
           Infrastructure Operation

November   Officer IT Support                  1         ITSM                                             Gemilang



November   Associate Manager IT                1         Comptia Security +                               ID-Networkers
           Information Security

November   Manager IT Digital                  2         AI Essentials for Modern Professionals           Executrain
           Enablement, Superviser
           Application Development and
           Support

November   General Manager IT, Manager         3         AI Essentials & AI Prompting                     Metrodata Academy &
           IT Digital Enablement,                                                                         CompTIA
           Associate Manager IT
           Information Security




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     Publikasi IT Security Awareness 2025                               IT Security Awareness Publications 2025

     Sepanjang tahun 2025, Perseroan aktif melaksanakan berbagai        Throughout 2025, the Company actively conducted various
     publikasi dan sosialisasi terkait kesadaran keamanan TI            publications and campaigns on IT Security Awareness for
     (IT Security Awareness) untuk seluruh karyawan. Kegiatan ini       all employees. These activities were designed to enhance
     dirancang untuk meningkatkan pemahaman dan kepatuhan               understanding and compliance with IT security practices,
     terhadap praktik keamanan TI, termasuk pengelolaan data,           including data management, system protection, and cyber risk
     perlindungan sistem, dan pencegahan risiko siber. Inisiatif ini    prevention. This initiative is part of the Company’s ongoing efforts
     menjadi bagian dari upaya berkelanjutan Perseroan dalam            to build a strong information security culture, support secure
     membangun budaya keamanan informasi yang kuat, mendukung           operations, and minimize potential threats to the Company’s
     operasional yang aman, serta meminimalkan potensi ancaman          digital assets.
     terhadap aset digital Perseroan.


     Rencana Pengembangan TI Tahun 2026                                 IT Development Plans for 2026

     Berikut adalah program dan inisiatif pengembangan TI               Below are some of the Company’s IT development programs and
     yang telah direncanakan oleh Perseroan untuk mendukung             initiatives to support the enhancement of IT infrastructure and
     peningkatan infrastruktur TI dan transformasi digital di tahun     digital transformation in 2026:
     2026, di antaranya:


     1. Cloud Infrastructure Optimization with FinOps.                  1. Cloud Infrastructure Optimization with FinOps.
     2. Security Improvement by Centralize Identity with ZTNA (Zero     2. Security Improvement by Centralize identity management
         Trust Network Access).                                             with ZTNA (Zero Trust Network Access).
     3. Implementation of AI Management System (ISO42001).              3. Implementation of an AI Management System (ISO 42001).
     4. Helpdesk Agent using Agentic AI.                                4. Helpdesk Agent using Agentic AI.
     5. AI Governance Initial Assessment.                               5. AI Governance Initial Assessment.
     6. Privileges Access Management (PAM).                             6. Privileged Access Management (PAM).
     7. MPMInsurance Technology Stack.                                  7. MPMInsurance Technology Stack.
     8. MPMInsurance Standard Automation.                               8. MPMInsurance Standard Automation.
     9. MPMInsurance Renewal End-to-End Process Revamp.                 9. MPMInsurance Renewal End-to-End Process Revamp.
     10. JACCS MPMFinance Indonesia Confins Enhancement                 10. JACCS MPMFinance Indonesia Confins Enhancement
         Phase 3.                                                           Phase 3.




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     Analisis dan
     Pembahasan
     Manajemen
     Management Discussion
     and Analysis


                Dua segmen usaha utama Perseroan
                memiliki karakteristik, model bisnis,
                dan fokus pasar yang berbeda,
                namun saling melengkapi dalam
                mendukung kinerja dan keberlanjutan
                usaha.

                The Company's two primary business
                segments have distinct characteristics,
                business models, and market focuses,
                yet mutually reinforcing in supporting
                the overall performance and long-term
                sustainability.




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      Tinjauan Makroekonomi
      Macroeconomic Overview


      Sepanjang tahun 2025, perekonomian global masih diliputi                    Throughout 2025, the global economy remained clouded by
      oleh ketidakpastian. Berdasarkan publikasi Bank Indonesia,                  uncertainty. Based on Bank Indonesia publications, ongoing
      ketegangan geopolitik yang masih berlanjut serta dinamika                   geopolitical tensions and global trade policy dynamics were
      kebijakan perdagangan global menjadi faktor yang memberikan                 factors exerting pressure on world economic activity and
      tekanan terhadap aktivitas ekonomi dunia dan stabilitas pasar               financial market stability.
      keuangan.


      Di tengah dinamika global tersebut, perekonomian Indonesia                  Despite these global dynamics, Indonesia’s economy
      pada tahun 2025 tetap menunjukkan ketahanan yang baik.                      demonstrated resilience throughout 2025. Macroeconomic
      Stabilitas makroekonomi terjaga dengan inflasi Indeks Harga                 stability remained intact, with Consumer Price Index (CPI)
      Konsumen (IHK) Desember 2025 sebesar 2,92% (YoY) dan inflasi                inflation recorded at 2.92% (YoY) in December 2025 and core
      inti sebesar 2,38% (YoY), berada dalam kisaran sasaran Bank                 inflation at 2.38% (YoY), both within Bank Indonesia’s target
      Indonesia. Nilai tukar Rupiah relatif stabil meskipun menghadapi            range. The Rupiah remained relatively stable despite domestic
      tekanan global dan domestik, dan hingga akhir Desember 2025                 and global pressures, closing at Rp16,782 per US dollar at the
      tercatat sebesar Rp16.782 per dolar AS. Stabilitas ini didukung             end of December 2025—a depreciation of 3.48% compared to
      oleh kebijakan stabilisasi Bank Indonesia serta penguatan                   year-end 2024. This stability was supported by Bank Indonesia’s
      kebijakan devisa hasil ekspor.                                              stabilization measures and strengthened export–proceeds
                                                                                  regulations.


      Menurut Badan Pusat Statistik (BPS), ekonomi Indonesia tumbuh               According to BPS-Statistics Indonesia, the Indonesian economy
      sebesar 5,11% (c-to-c) pada tahun 2025. Pertumbuhan terjadi                 grew by 5.11% (c-to-c) in 2025. Growth was recorded across
      pada seluruh komponen pengeluaran, dengan kontribusi utama                  all expenditure components, with the strongest contributions
      berasal dari ekspor barang dan jasa, konsumsi rumah tangga,                 coming from exports of goods and services, household
      serta pembentukan modal tetap bruto. Dari sisi lapangan usaha,              consumption, and gross fixed capital formation. From a
      pertumbuhan terutama ditopang oleh sektor industri pengolahan,              business sector perspective, growth was primarily driven by
      konstruksi, transportasi dan pergudangan, perdagangan, serta                manufacturing, construction, transportation and warehousing,
      sektor jasa, seiring peningkatan aktivitas ekonomi dan konsumsi             trade, and services, in line with improving economic activity and
      masyarakat.                                                                 domestic consumption.


      Secara spasial, Pulau Jawa tetap menjadi pusat aktivitas ekonomi            Spatially, Java remained the center of national economic activity
      nasional pada tahun 2025 dengan kontribusi sebesar 56,93%                   in 2025, contributing 56.93% to Indonesia’s economy with growth
      terhadap perekonomian Indonesia dan pertumbuhan sebesar                     of 5.30%. Economic expansion occurred across all major islands,
      5,30%. Pertumbuhan ekonomi juga terjadi di seluruh wilayah                  with Sulawesi recording the highest growth. This relatively even
      Indonesia, dengan Pulau Sulawesi mencatat pertumbuhan                       distribution reflects sustained national economic activity despite
      tertinggi. Distribusi pertumbuhan yang relatif merata ini                   ongoing global challenges.
      mencerminkan berlanjutnya aktivitas ekonomi nasional di tengah
      dinamika dan tantangan global yang masih berlangsung.




      Sumber:/Source:
      › Bank Indonesia – Laporan Perekonomian Indonesia 2025/Bank Indonesia - Indonesia Economic Report 2025;/Bank Indonesia - Indonesia Economic
         Report 2025;
      › Badan Pusat Statistik – Berita Resmi Statistik No. 18/02/Th. XXIX, 5 Februari 2026/BPS/Statistics Indonesia BPS-Statistics Indonesia - Official
         Statistics News No. 18/02/Th. XXIX, February 5, 2026.



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        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




Tinjauan Industri
Industry Overview


Pada tahun 2025, struktur perekonomian Indonesia berdasarkan           In 2025, Indonesia’s economic structure by business sector
lapangan usaha relatif stabil dan tidak menunjukkan perubahan          remained relatively stable without significant changes. Based on
yang berarti. Berdasarkan data Badan Pusat Statistik,                  data from BPS-Statistics Indonesia, the Manufacturing Industry
perekonomian nasional masih didominasi oleh Lapangan Usaha             continued to dominate the national economy, contributing
Industri Pengolahan dengan kontribusi sebesar 19,07% terhadap          19.07% to Gross Domestic Product (GDP).
Produk Domestik Bruto (PDB).


Lapangan Usaha Perdagangan Besar dan Eceran, Reparasi                  The Wholesale and Retail Trade; Repair of Motor Vehicles and
Mobil dan Sepeda Motor yang menjadi salah satu sektor utama            Motorcycles sector, one of the key sectors within the Company’s
dalam ekosistem usaha Perseroan—mencatat kontribusi                    ecosystem, contributed 13.17% to national GDP and remained a
sebesar 13,17% terhadap PDB nasional dan tetap menjadi                 major driver of economic activity. In 2025, this sector recorded
salah satu kontributor utama perekonomian. Pada tahun 2025,            solid growth of 5.49%, reflecting persistent trade activity and
sektor ini juga mencatatkan pertumbuhan yang solid dengan              continued demand for motor vehicles amid evolving economic
laju pertumbuhan sebesar 5,49%, mencerminkan berlanjutnya              conditions.
aktivitas perdagangan dan permintaan kendaraan di tengah
dinamika perekonomian nasional.


Di sektor otomotif roda empat, penjualan mobil nasional                In the four-wheeled automotive sector, national car sales in
sepanjang tahun 2025 tercatat mencapai 803.687 unit secara             2025 reached 803,687 units (wholesales), representing a decline
wholesales (dari pabrik ke diler), mengalami penurunan sebesar         of 7.2% compared to 865,723 units in 2024. Retail sales stood
7,2% dibandingkan tahun 2024 yang mencapai 865.723 unit.               at 833,692 units, a decrease of 6.3% from 889,680 units in the
Sementara itu, penjualan dari diler ke konsumen akhir (ritel)          previous year. This downward trend reflects weakening demand
tercatat 833.692 unit, turun 6,3% dibandingkan tahun sebelumnya        for new vehicles during 2025.
yang mencapai 889.680 unit. Penurunan ini mencerminkan
melemahnya permintaan kendaraan baru sepanjang tahun 2025.


Meski demikian, selisih antara wholesaler dan ritel tetap              Nevertheless, the gap between wholesale and retail sales
terkendali, menandakan distribusi kendaraan dari pabrik                remained manageable, indicating a stable distribution flow
ke pasar relatif stabil. Pada bulan Desember 2025, kinerja             from manufacturers to the market. In December 2025, sales
penjualan menunjukkan perbaikan signifikan, dengan wholesales          performance improved significantly, with wholesales reaching
mencapai 94.100 unit atau naik 25,7% dibanding Desember 2024,          94,100 units—an increase of 25.7% compared to December 2024,
sedangkan penjualan ritel tercatat 93.833 unit, naik 22,7% secara      while retail sales rose to 93,833 units, up 22.7% year-on-year.
tahunan.


Sementara itu, industri sepeda motor nasional pada tahun 2025          Meanwhile, the national motorcycle industry recorded moderate
mencatatkan pertumbuhan yang moderat. Berdasarkan data                 growth in 2025. Based on data from the Indonesian Motorcycle
Asosiasi Industri Sepeda Motor Indonesia (AISI), penjualan             Industry Association (AISI), domestic motorcycle sales reached
sepeda motor domestik mencapai 6.412.769 unit, tumbuh 1,3%             6,412,769 units, a growth of 1.3% compared with the previous
dibandingkan tahun sebelumnya. Pertumbuhan ini menunjukkan             year. This demonstrates that motorcycles remain an efficient and
bahwa sepeda motor tetap menjadi sarana transportasi yang              essential mode of transportation, particularly amid purchasing-
efisien dan produktif bagi masyarakat, khususnya di tengah             power pressures. The scooter segment continued to dominate
tekanan daya beli. Segmen skuter masih mendominasi pasar               the market with a 91.7% share, followed by underbone (4.46%) and
dengan kontribusi 91,7%, diikuti oleh segmen underbone (4,46%)         sport (3.51%) segments, while electric motorcycles accounted
dan sport (3,51%), sementara kontribusi sepeda motor listrik           for less than 1%.
masih berada di bawah 1%.


Industri pembiayaan turut berperan penting dalam menopang              The financing industry played a key role in supporting motorcycle
stabilitas pasar sepeda motor, dengan kontribusi pembelian             sales, with credit-based purchases representing approximately
secara kredit yang mencapai sekitar 65% dari total penjualan           65% of total domestic sales. Geographically, rising demand
domestik. Secara geografis, pertumbuhan permintaan di luar             outside Java helped offset the slowdown in Java Island,
Pulau Jawa mampu mengimbangi perlambatan penjualan di                  supported by improved economic performance in commodity-
Pulau Jawa, seiring dengan membaiknya kinerja ekonomi di               producing regions. In addition to domestic sales, motorcycle



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              Introduction          Performance Highlights             Management Report               Company Profile              Business Support Overview




      sejumlah wilayah penghasil komoditas. Selain pasar domestik,                  exports also grew, including increases in shipments of completely
      kinerja ekspor sepeda motor Indonesia juga menunjukkan                        built-up (CBU) units, completely knocked-down (CKD) units,
      pertumbuhan, dengan peningkatan pengiriman kendaraan                          and components, reflecting the competitiveness of Indonesia’s
      dalam bentuk utuh (CBU), terurai (CKD), serta komponen, yang                  motorcycle industry in global markets.
      mencerminkan daya saing industri sepeda motor nasional di
      pasar global.


      Sumber:/Source:
      › Badan Pusat Statistik – Berita Resmi Statistik No. 18/02/Th. XXIX, 5 Februari 2026/BPS-Statistics Indonesia - Official Statistics News No. 18/02/Th.
         XXIX, February 5, 2026;
      › Asosiasi Industri Sepeda Motor Indonesia (AISI) - AISI Ungkap Pasar Sepeda Motor 2025 dan Prediksi tahun 2026./Indonesian Motorcycle Industry
         Association (AISI) - AISI Reveals the 2025 Motorcycle Market and Forecasts for 2026.
      › GAIKINDO - Penjualan Mobil Menutup 2025 dengan Kinerja Positif/GAIKINDO - Car Sales End 2025 on a Positive Note.




      Tinjauan Operasional per Segmen Operasi
      Operational Review by Business Segment


      Kegiatan operasional Perseroan dan Entitas Anak terbagi ke                    The Company and its Subsidiaries operate through two
      dalam dua segmen usaha utama yang memiliki karakteristik,                     primary business segments, each with distinct characteristics,
      model bisnis, dan fokus pasar yang berbeda, namun saling                      business models, and market focuses, yet mutually reinforcing
      melengkapi dalam mendukung kinerja dan keberlanjutan usaha                    in supporting the Group’s overall performance and long-term
      Grup.                                                                         sustainability.


        Distribusi, Ritel, dan Aftermarket          Segmen Distribusi, Ritel, dan Aftermarket merupakan salah satu pilar utama operasional
       Distribution, Retail, and Aftermarket        Perseroan, yang dijalankan melalui MPMulia. Segmen ini didukung oleh jaringan distribusi
                                                    dan layanan yang luas, dengan total 265 diler dan bengkel sepeda motor Honda yang tersebar
                                                    secara strategis di wilayah Jawa Timur dan Nusa Tenggara Timur. Melalui jaringan tersebut,
                                                    MPMulia menyediakan rangkaian layanan terpadu, mulai dari penjualan sepeda motor
                                                    Honda, layanan purna jual resmi, hingga penyediaan suku cadang asli Honda. Model bisnis
                                                    ini memungkinkan Perseroan untuk menjangkau konsumen secara menyeluruh, menjaga
                                                    kualitas layanan, serta membangun loyalitas pelanggan dalam jangka panjang.
                                                    The Distribution, Retail, and Aftermarket Segment serves as one of the Company’s core
                                                    operational pillars, managed through MPMulia. This segment is supported by an extensive
                                                    distribution and service network, comprising a total of 265 Honda motorcycle dealers and
                                                    workshops strategically located across East Java and East Nusa Tenggara. Through this
                                                    network, MPMulia delivers an integrated suite of services, ranging from Honda motorcycle
                                                    sales and authorized after-sales services to the provision of genuine Honda spare parts.
                                                    This business model enables the Company to reach consumers, maintain a consistently high
                                                    standard of service quality, and foster long-term customer loyalty.

                      Asuransi                      Segmen Asuransi dijalankan melalui MPMInsurance, yang berfokus pada penyediaan solusi
                     Insurance                      asuransi umum bagi nasabah individu maupun korporasi. Portofolio produk yang ditawarkan
                                                    mencakup asuransi kendaraan bermotor, asuransi properti, asuransi rekayasa, asuransi
                                                    tanggung gugat, asuransi pengangkutan, serta asuransi rangka kapal. Produk-produk
                                                    tersebut dirancang untuk memberikan perlindungan yang komprehensif terhadap berbagai
                                                    risiko operasional dan risiko pribadi, sekaligus mendukung kebutuhan manajemen risiko
                                                    nasabah di berbagai sektor.
                                                    The Insurance Segment is operated through MPMInsurance, which focuses on providing
                                                    general insurance solutions for both individual and corporate clients. Its product portfolios
                                                    include motor vehicle insurance, property insurance, engineering insurance, liability
                                                    insurance, cargo insurance, and marine hull insurance. These products are designed to
                                                    deliver comprehensive protection against a wide range of operational and personal risks,
                                                    while supporting clients’ risk-management needs across various sectors.




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Tabel berikut menunjukkan kinerja masing-masing segmen                   The following table presents the performance of each operating
operasi yang dijalankan Perseroan dan Entitas Anak selama dua            segment managed by the Company and its Subsidiaries over the
tahun terakhir:                                                          past two years:


(dalam miliar Rupiah, kecuali dinyatakan khusus/in billions of Rupiah, unless otherwise specified)
                                          Distribusi, Ritel, dan
                                              Aftermarket                Asuransi                 Eliminasi               Konsolidasian
                 Uraian                   Distribution, Retail,          Insurance               Elimination              Consolidation
               Description                  and Aftermarket
                                              2025       2024        2025         2024*        2025         2024         2025       2024*

Pendapatan Neto                               15.231     15.478         928          913              (7)          (6)   16.152     16.385
Net Revenues

Biaya Pokok Pendapatan                        (14.007)   (14.269)       (784)        (778)             -            -    (14.791)   (15.047)
Cost of Revenues

Laba Bruto                                     1.224      1.209         144          135              (7)          (6)    1.361       1.338
Gross Profit

* Disajikan kembali/As restated


Distribusi, Ritel, dan Aftermarket                                       Distribution, Retail, and Aftermarket

Pada tahun 2025, segmen Distribusi, Ritel, dan Aftermarket               In 2025, the Distribution, Retail, and Aftermarket segment faced
menghadapi tekanan dari melemahnya permintaan pasar sepeda               pressures arising from the weakening demand in the motorcycle
motor, seiring penyesuaian kebijakan pembiayaan di industri.             market, in line with adjustments in financing policy across the
Pendapatan segmen ini tercatat sebesar Rp15.231 miliar,                  industry. Segment contributed Rp15,231 billion of revenue, a
menurun 1,6% dibandingkan Rp15.478 miliar pada tahun 2024.               decline of 1.6% compared to Rp15,478 billion recorded in 2024.


Bisnis distribusi mencatat volume penjualan sepeda motor                 The distribution business recorded motorcycle sales volume
sebesar 699 ribu unit, lebih rendah dibandingkan capaian 745             of 699 thousand units, lower than 745 thousand units realized
ribu unit pada 2024. Penurunan ini dipengaruhi oleh melemahnya           in 2024. This decline was attributed by weaker consumer
daya beli masyarakat serta penerapan proses seleksi pembiayaan           purchasing power and the implementation of more stringent
yang lebih ketat dari perusahaan pembiayaan.                             financing selection processes by finance companies.


Di tengah tekanan pada penjualan unit, bisnis aftermarket tetap          Amid subdued unit sales, the aftermarket business continued to
menjadi penopang utama kinerja segmen. Pendapatan layanan                serve as the primary contributor to segment performance. After
aftersales pada segmen distribusi meningkat 3% dan segmen ritel          sales revenue in the distribution segment increased by 3%, while
meningkat 24%. Kondisi ini didorong oleh tingginya permintaan            the retail segment recorded a 24% increase. This growth was
terhadap suku cadang dan layanan perawatan.                              supported by higher demand for spare parts and maintenance
                                                                         services.


Secara keseluruhan, kinerja segmen Distribusi, Ritel, dan                Overall, the performance of the Distribution, Retail, and
Aftermarket pada 2025 mencerminkan kemampuan Perseroan                   Aftermarket segments in 2025 reflected the Company’s ability
menjaga keseimbangan portofolio usaha, dengan memperkuat                 to maintain a balanced business portfolio by strengthening the
kontribusi bisnis purna jual di tengah volatilitas pasar kendaraan       contribution of its aftersales operations amid the volatility of the
bermotor.                                                                automotive market.


Asuransi                                                                 Insurance

Segmen Asuransi mencatatkan peningkatan pendapatan                       The Insurance segment recorded an increase in insurance revenue
asuransi dari Rp913 miliar menjadi Rp928 miliar pada tahun               from Rp913 billion to Rp928 billion in 2025, primarily driven by
2025, yang terutama didorong oleh kinerja segmen engineering.            the strong performance of the engineering line. Meanwhile, the
Di sisi lain, segmen properti dan kendaraan bermotor mengalami           property and motor vehicle segments experienced a slowdown, in
pelemahan, seiring dengan kondisi pasar yang kurang kondusif             line with less favorable market conditions across both portfolios.
pada kedua portofolio tersebut.


Kinerja segmen Asuransi pada 2025 menunjukkan pendekatan                 The performance of the Insurance segment in 2025 demonstrated
yang berhati-hati namun berkelanjutan, dengan keseimbangan               a prudent yet sustainable approach, striking a balance between



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              Introduction         Performance Highlights          Management Report           Company Profile            Business Support Overview




      antara pertumbuhan usaha dan pengelolaan risiko di tengah               business growth and robust risk management amid a challenging
      kondisi industri yang penuh tantangan.                                  industry landscape.


      Kinerja Entitas Asosiasi                                                Performance of Associates

      Selain segmen usaha utama, Perseroan juga memperoleh                    In addition to its core business segments, the Company also
      kontribusi kinerja melalui Entitas Asosiasi yang menjalankan            benefited from the performance contributions of its Associates
      kegiatan usaha di bidang transportasi dan pembiayaan.                   operating in the transportation and financing sectors. These
      Keberadaan Entitas Asosiasi ini memperluas portofolio layanan           entities play a strategic role in expanding the Group’s service
      Grup serta mendukung diversifikasi sumber pendapatan.                   portfolio while supporting the diversification of revenue streams.


                   Transportasi                   Di bidang transportasi, Perseroan berpartisipasi melalui MPMRent, yang berfokus pada
                  Transportation                  penyediaan layanan pengemudi profesional dan solusi manajemen transportasi yang
                                                  terintegrasi. MPMRent menawarkan berbagai paket penyewaan kendaraan yang dilengkapi
                                                  dengan pengemudi terlatih, yang dirancang untuk memenuhi kebutuhan jangka pendek
                                                  maupun jangka panjang, khususnya bagi segmen korporasi. Selain layanan utama tersebut,
                                                  MPMRent juga menjalankan berbagai aktivitas bisnis pendukung yang bertujuan untuk
                                                  meningkatkan efisiensi operasional dan kenyamanan layanan transportasi bagi pelanggan.

                                                  In the transportation sector, the Company participates through MPMRent, which focuses on
                                                  providing professional driver services and integrated transportation management solutions.
                                                  MPMRent offers a range of vehicle rental packages supported with trained drivers, designed
                                                  to meet both short-term and long-term needs, particularly for corporate clients. In addition
                                                  to its core services, MPMRent also operates various supporting business activities aimed at
                                                  enhancing operational efficiency and improving the overall transportation service experience
                                                  for its customers.

                   Pembiayaan                     Di bidang pembiayaan, Perseroan berafiliasi dengan JACCS MPMFinance Indonesia, yang
                    Financing                     beroperasi sebagai perusahaan pembiayaan. Keseimbangan antara untuk kebutuhan seperti
                                                  kepemilikan kendaraan roda dua dan fasilitas dana. Melalui portofolio produk tersebut,
                                                  JACCS MPMFinance Indonesia berperan dalam mendukung kebutuhan pembiayaan
                                                  pelanggan sekaligus memperkuat ekosistem bisnis otomotif dan transportasi Grup.

                                                  In the financing sector, the Company is affiliated with JACCS MPMFinance Indonesia, which
                                                  operates as a financing company. The entity provides financing services for needs such
                                                  as two-wheeled vehicle ownership and financing facilities. Through this product portfolio,
                                                  JACCS MPMFinance Indonesia plays a role in supporting customers’ financing needs while
                                                  strengthening the Group’s automotive and transportation business ecosystem.



      Transportasi                                                            Transportation

      Pada segmen penyewaan kendaraan, total unit MPMRent                     In the vehicle rental segment, MPMRent recorded a total
      yang tersedia untuk disewa pada tahun 2025 tercatat 14.180              of 14,180 units available for rent in 2025, a decline of 3.2%
      unit, menurun 3,2% dibandingkan tahun 2024 yang tercatat                compared to 14,651 units in 2024. This decrease was primarily
      sebesar 14.651 unit. Penurunan ini terutama dipengaruhi oleh            driven by the expiration of several rental contracts as part of
      berakhirnya beberapa kontrak sewa sebagai bagian dari inisiatif         customers’ cost-efficiency initiatives, as well as the completion
      efisiensi biaya dari pelanggan, serta penyelesaian beberapa             of certain projects. In addition, the number of hired drivers
      proyek. Selain itu, jumlah pengemudi sewaan juga mengalami              also declined by approximately 4.2%, in line with operational
      penurunan sekitar 4,2%, sejalan dengan optimisasi operasional           optimization.
      dan efisiensi biaya.


      Di sisi lain, penjualan mobil bekas menunjukkan tren kenaikan           On the other hand, used car sales showed an upward trend,
      4,7% dari Rp 365 miliar pada tahun 2024 menjadi Rp 382 miliar           increasing by 4.7% from Rp365 billion in 2024 to Rp382 billion
      pada tahun 2025. Pertumbuhan ini didukung oleh tingginya                in 2025. This growth was supported by strong market demand
      permintaan pasar serta penerapan inisiatif daur ulang aset yang         and the effective implementation of asset recycling initiatives.
      efektif. Meski penjualan mobil bekas meningkat, margin segmen           Despite the increase in used car sales, the transportation
      transportasi mengalami tekanan akibat perubahan komposisi               segment’s margins remained under pressure due to changes in
      produk yang dijual.                                                     the product mix.




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Pembiayaan                                                             Financing

Di segmen jasa keuangan, total new booking pada tahun 2025             In the financial services segment, total new bookings in 2025
tercatat Rp1,1 triliun, menurun 62,4% dari tahun 2024 yang             reached Rp1.1 trillion, a significant decrease of 62.4% compared
mencapai Rp3,1 triliun. Penurunan ini sejalan dengan strategi          to Rp3.1 trillion in 2024. This decline reflected the Company’s
perusahaan untuk meningkatkan kualitas aset dengan lebih               strategy to improve asset quality by being more selective in
selektif dalam mengakuisisi pelanggan, sekaligus menyesuaikan          customer acquisition and tightening credit screening processes.
proses credit screening yang lebih ketat. Tekanan terhadap             Pressure on asset quality also affected the growth of new
kualitas aset juga memengaruhi pertumbuhan pembiayaan baru             financing in this segment.
pada segmen ini.


Dalam menghadapi kondisi tersebut, JACCS MPMFinance                    In navigating these conditions, JACCS MPMFinance Indonesia
Indonesia tetap fokus pada portofolio produk yang lebih                remained focused on more profitable product portfolios, including
menguntungkan, termasuk pembiayaan motor baru/bekas.                   new/used motorcycle financing facilities. The Company also
Perusahaan juga melanjutkan kebijakan penghentian sementara            continued its temporary suspension of new financing for new/
pembiayaan baru untuk mobil baru/bekas dan multi produk,               used cars, multi-product financing, and finance lease facilities
serta pembiayaan sewa guna usaha sejak tahun 2024. Selain              which has been in place since 2024. Furthermore, improvements
itu, perbaikan kebijakan operasional, penyederhanaan proses            in operational policies, simplification of business processes,
bisnis, serta peningkatan produktivitas melalui digitalisasi           and enhanced productivity through digitalization and process
dan otomatisasi proses tetap menjadi prioritas untuk menjaga           automation remained key priorities to maintain efficiency and
efisiensi dan profitabilitas.                                          profitability.




Tinjauan Keuangan
Financial Review


Laporan Posisi Keuangan Konsolidasian                                  Consolidated Statements of Financial Position

(dalam miliar Rupiah, kecuali dinyatakan khusus/in billions of of Rupiah, unless otherwise specified)
                                                                                 Peningkatan
                                                                                 (Penurunan)
                                              2025              2024*
                Uraian                                                             Increase                    Description
                                              (Rp)               (Rp)             (Decrease)
                                                                                      (%)

Jumlah Aset                                   8.535              8.691                 (1,8)                                 Total Assets

Aset Lancar                                   4.185              4.445                 (5,9)                             Current Assets

Aset Tidak Lancar                             4.350              4.246                  2,5                        Non-Current Assets

Jumlah Liabilitas                             2.552              2.661                 (4,1)                            Total Liabilities

Liabilitas Jangka Pendek                      2.486              2.615                 (4,9)                          Current Liabilities

Liabilitas Jangka Panjang                        66                  46                45,1                     Non-Current Liabilities

Jumlah Ekuitas                                5.983              6.030                 (0,8)                                 Total Equity
* Disajikan kembali/As restated


Jumlah Aset                                                            Total Assets
Jumlah aset Perseroan di akhir tahun 2025 tercatat sebesar             The Company’s total assets at the end of 2025 amounted to
Rp8.535 miliar, menurun sebesar 1,8% dibandingkan tahun                Rp8,535 billion, a decrease of 1.8% compared to Rp8,691 billion
sebelumnya sebesar Rp8.691 miliar. Penurunan ini terutama              in the previous year. This decline was primarily driven by the
dipengaruhi oleh pengakuan rugi dari entitas asosiasi pada             recognition of losses from associates in the financing segment.
segmen pembiayaan.




                                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                                                       2025 Annual Report    105
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              Pengantar            Ikhtisar Kinerja                   Laporan Manajemen             Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights             Management Report             Company Profile           Business Support Overview




      Aset Lancar                                                               Current Assets
      Pada akhir tahun 2025, Perseroan mencatatkan aset lancar                  As of the end of 2025, the Company recorded current assets
      sebesar Rp4.185 miliar, menurun sebesar 5,9% dibandingkan                 of Rp4,185 billion, a decrease of 5.9% from Rp4,445 billion in
      tahun sebelumnya sebesar Rp4.445 miliar. Penurunan aset                   the previous year. The decline in current assets was mainly
      lancar terutama disebabkan oleh menurunnya investasi pada                 attributable to decreasing investments in marketable securities
      surat berharga yang diklasifikasikan sebagai bagian lancar.               classified as current assets.


      Aset Tidak Lancar                                                         Non-Current Assets
      Pada akhir tahun 2025, Perseroan mencatatkan aset tidak lancar            At the end of 2025, the Company posted non-current assets
      sebesar Rp4.350 miliar, meningkat sebesar 2,5% dibandingkan               of Rp4,350 billion, an increase of 2.5% from Rp4,246 billion in
      tahun sebelumnya sebesar Rp4.246 miliar. Kenaikan terutama                the previous year. This increase was primarily driven by higher
      berasal dari peningkatan investasi di surat berharga yang                 investments in marketable securities classified as long-term
      diklasifikasikan sebagai bagian jangka panjang.                           assets.


      Jumlah Liabilitas                                                         Total Liabilities
      Jumlah liabilitas Perseroan di akhir tahun 2025 tercatat sebesar          The Company’s total liabilities at the end of 2025 stood at
      Rp2.552 miliar, menurun sebesar 4,1% dibandingkan tahun                   Rp2,552 billion, a decrease of 4.1% compared to Rp2,661 billion
      sebelumnya sebesar Rp2.661 miliar. Penurunan ini berasal dari             in the previous year. The reduction was mainly due to lower
      penurunan pada liabilitas kontrak asuransi dan utang lainnya.             insurance contract liabilities and other payables.


      Liabilitas Jangka Pendek                                                  Current Liabilities
      Pada akhir tahun 2025, Perseroan mencatatkan liabilitas                   As of the end of 2025, the Company recorded current liabilities of
      jangka pendek sebesar Rp2.486 miliar, menurun sebesar 4,9%                Rp2,486 billion, down 4.9% from Rp2,615 billion in the previous
      dibandingkan tahun sebelumnya sebesar Rp2.615 miliar.                     year. The decrease was primarily driven by lower insurance
      Penurunan terutama disebabkan oleh penurunan nilai liabilitas             contract liabilities and other payables.
      kontrak asuransi dan utang lainnya.


      Liabilitas Jangka Panjang                                                 Non-Current Liabilities
      Pada akhir tahun 2025, Perseroan mencatatkan liabilitas                   At the end of 2025, the Company recorded non-current liabilities
      jangka panjang sebesar Rp66 miliar, meningkat sebesar 45,1%               of Rp66 billion, an increase of 45.1% compared to Rp46 billion in
      dibandingkan tahun sebelumnya sebesar Rp46 miliar. Hal ini                the previous year. This increase was mainly attributable to the
      terutama dipengaruhi oleh pengakuan liabilitas sewa yang timbul           recognition of lease liabilities arising during 2025.
      pada tahun 2025.


      Jumlah Ekuitas                                                            Total Equity
      Jumlah ekuitas Perseroan di akhir tahun 2025 tercatat sebesar             The Company’s total equity at the end of 2025 amounted to
      Rp5.983 miliar, menurun sebesar 0,8% dibandingkan tahun                   Rp5,983 billion, a decrease of 0.8% compared to Rp6,030 billion
      sebelumnya sebesar Rp6.030 miliar. Hal ini terutama disebabkan            in the previous year. This decline was primarily due to a reduction
      oleh adanya penurunan laba Perseroan.                                     in retained earnings.


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

      (dalam miliar Rupiah, kecuali dinyatakan khusus/in billions of Rupiah, unless otherwise specified)

                                                                                      Peningkatan
                                                                                      (Penurunan)
                                                        2025              2024*
                         Uraian                                                         Increase                        Description
                                                        (Rp)               (Rp)        (Decrease)
                                                                                           (%)

      Pendapatan Neto                                       16.152         16.385            (1,4)                                     Net Revenues

      Biaya Pokok Pendapatan                            (14.791)          (15.047)           (1,7)                               Cost of Revenues

      Laba Bruto                                            1.361           1.338             1,7                                        Gross Profit

      Beban Usaha                                             (939)          (909)            3,3                             Operating Expenses

      Pendapatan Lainnya                                      271             275            (1,8)                                     Other Income

      Beban Lainnya                                            (19)           (14)           31,5                                     Other Expenses




      PT Mitra Pinasthika Mustika Tbk
106   Laporan Tahunan 2025
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         Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan                 Tanggung Jawab Sosial dan Lingkungan Hidup
         Management Discussion and Analysis            Corporate Governance                   Environmental and Social Responsibility




(dalam miliar Rupiah, kecuali dinyatakan khusus/in billions of Rupiah, unless otherwise specified)

                                                                                Peningkatan
                                                                                (Penurunan)
                                                2025            2024*
                    Uraian                                                        Increase                       Description
                                                (Rp)             (Rp)            (Decrease)
                                                                                     (%)

Laba Usaha                                         674              690               (2,3)                                 Operating Profit

Pendapatan Keuangan Neto                             88              97               (9,4)                             Net Finance Income

Bagian atas Rugi Entitas Asosiasi                  (156)            (75)            108,4                       Share of Loss of Associates

Laba Tahun Berjalan                                462              572             (19,4)                                Profit for the Year

Penghasilan Komprehensif Lain, Setelah                 7               6             27,8              Other Comprehensive Income, Net of
Pajak Penghasilan                                                                                                             Income Tax

Jumlah Penghasilan Komprehensif                    469              578             (18,8)                     Total Comprehensive Income

Laba per Saham Dasar (dalam Rupiah                 105              131              (19,4)              Basic Earnings per Share (in whole
penuh)                                                                                                                              Rupiah)

Laba per Saham Dasar dari Operasi yang             105              130              (19,5)       Basic Earnings per Share from Continuing
Dilanjutkan (dalam Rupiah penuh)                                                                              Operations (in whole Rupiah)

* Disajikan kembali/As restated


Pendapatan Neto                                                        Net Revenue
Pada tahun 2025, Perseroan mencatatkan pendapatan neto                 In 2025, the Company recorded net revenue of Rp16,152 billion,
sebesar Rp16.152 miliar, menurun sebesar 1,4% dibandingkan             a decline of 1.4% compared to Rp16,385 billion in the previous
tahun sebelumnya sebesar Rp16.385 miliar. Performa ini sejalan         year. This performance reflected the decline in motorcycle sales
dengan penurunan penjualan volume sepeda motor.                        volume.


Biaya Pokok Pendapatan                                                 Cost of Revenue
Pada tahun 2025, Perseroan mencatatkan biaya pokok                     In 2025, the Company posted cost of revenue of Rp14,791
pendapatan sebesar Rp14.791 miliar, menurun sebesar 1,7%               billion, a decrease of 1.7% compared to Rp15,047 billion in the
dibandingkan tahun sebelumnya sebesar Rp15.047 miliar.                 previous year. This decline was consistent with the decrease in
Penurunan ini sejalan dengan penurunan pendapatan neto.                net revenue.


Beban Usaha                                                            Operating Expenses
Beban usaha Perseroan di tahun 2025 tercatat sebesar Rp939             The Company’s operating expenses amounted to Rp939 billion
miliar, meningkat sebesar 3,3% dibandingkan tahun sebelumnya           in 2025, an increase of 3.3% compared to Rp909 billion in the
sebesar Rp909 miliar. Peningkatan ini terutama disebabkan oleh         previous year. The increase was primarily driven by higher
kenaikan pada biaya kompensasi karyawan.                               employee compensation costs.


Pendapatan Lainnya                                                     Other Income
Pendapatan lainnya Perseroan di tahun 2025 tercatat sebesar            Other income in 2025 amounted to Rp271 billion, a slight decline
Rp271 miliar, turun sebesar 1,8% dibandingkan tahun sebelumnya         of 1.8% compared to Rp275 billion in the previous year. This
sebesar Rp275 miliar. Hal ini terjadi terutama disebabkan karena       primarily driven by lower foreign exchange gains recorded in
penurunan pada keuntungan valuta asing di tahun 2025.                  2025.


Beban Lainnya                                                          Other Expenses
Beban lainnya Perseroan di tahun 2025 tercatat sebesar Rp19            Other expenses in 2025 reached Rp19 billion, an increase of
miliar, meningkat sebesar 31,5% dibandingkan tahun sebelumnya          31.5% compared to Rp14 billion in the previous year. This
sebesar Rp14 miliar. Peningkatan ini terutama dipengaruhi oleh         increase was primarily influenced by losses on the disposal of
rugi pelepasan surat berharga.                                         marketable securities.


Pendapatan Keuangan Neto                                               Net Finance Income
Pendapatan keuangan neto Perseroan di tahun 2025 tercatat              The Company recorded net finance income of Rp88 billion in
sebesar Rp88 miliar, menurun sebesar 9,4% dibandingkan tahun           2025, a 9.4% decrease from Rp97 billion in 2024, primarily due to
sebelumnya sebesar Rp97 miliar. Hal ini terjadi karena penurunan       lower average bank interest rates.
rata-rata suku bunga bank.




                                                                                                                PT Mitra Pinasthika Mustika Tbk
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               Pengantar                Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan          Tinjauan Pendukung Bisnis
               Introduction             Performance Highlights           Management Report           Company Profile            Business Support Overview




      Bagian atas Rugi Entitas Asosiasi                                            Share of Loss of Associates
      Pada tahun 2025, Perseroan mencatatkan bagian atas rugi                      In 2025, the Company recorded a share of loss of associates
      Entitas Asosiasi sebesar Rp156 miliar, meningkat 108,4%                      amounting to Rp156 billion, a 108.4% increase compared to
      dibandingkan tahun sebelumnya sebesar Rp75 miliar. Hal                       Rp75 billion in 2024. This was mainly driven by higher net losses
      ini terutama dipengaruhi oleh peningkatan rugi bersih yang                   incurred by associates in the financing business.
      dibukukan oleh Entitas Asosiasi bisnis pembiayaan.


      Laba Tahun Berjalan                                                          Profit for the Year
      Pada tahun 2025, Perseroan mencatatkan laba tahun berjalan                   In 2025, the Company posted a profit for the year of Rp462
      sebesar Rp462 miliar, menurun sebesar 19,4% dibandingkan                     billion, a 19.4% decrease from Rp572 billion in the previous year,
      tahun sebelumnya sebesar Rp572 miliar terutama dikarenakan                   primarily due to the increased share of loss from associates in
      peningkatan bagian rugi entitas asosiasi bisnis pembiayaan.                  the financing business.


      Penghasilan Komprehensif Lain, Setelah Pajak Penghasilan                     Other Comprehensive Income, Net of Income Tax
      Pada tahun 2025, Perseroan mencatat penghasilan komprehensif                 In 2025, the Company recorded other comprehensive income, net
      lain setelah pajak penghasilan sebesar Rp7 miliar, meningkat                 of income tax, of Rp7 billion, an increase of 27.8% compared to
      27,8% dibandingkan tahun sebelumnya yang tercatat sebesar                    Rp6 billion in 2024. This was mainly driven by changes in fair value
      Rp6 miliar. Hal ini terutama disebabkan oleh perubahan nilai wajar           of assets measured in fair value through other comprehensive
      aset diukur pada nilai wajar melalui penghasilan komprehensif                income.
      lain.


      Jumlah Penghasilan Komprehensif                                              Total Comprehensive Income
      Pada tahun 2025, Perseroan mencatatkan jumlah penghasilan                    In 2025, the Company booked total comprehensive income of
      komprehensif sebesar Rp469 miliar, menurun sebesar 18,8%                     Rp469 billion, a decline of 18.8% compared to Rp578 billion in the
      dibandingkan tahun sebelumnya sebesar Rp578 miliar. Hal ini                  previous year. This decrease was primarily due to the lower profit
      terutama disebabkan oleh penurunan laba tahun berjalan yang                  for the year recognized during 2025.
      dibukukan oleh Perseroan di tahun 2025.


      Laporan Arus Kas Konsolidasian                                               Consolidated Statement of Cash Flows

      (dalam miliar Rupiah, kecuali dinyatakan khusus/in billions of Rupiah, unless otherwise specified)

                                                                                         Peningkatan
                                                                                         (Penurunan)
                                                             2025            2024*
      Uraian                                                                               Increase                                       Description
                                                             (Rp)             (Rp)        (Decrease)
                                                                                              (%)

      Kas Neto dari Aktivitas Operasi                             83             745           (88,9)             Net Cash from Operating Activities

      Kas Neto dari (digunakan untuk) Aktivitas                   14            (108)         (113,0)              Net Cash from (used in) Investing
      Investasi                                                                                                                            Activities

      Kas Neto digunakan untuk Aktivitas                         (336)          (506)          (33,5)          Net Cash used in Financing Activities
      Pendanaan
      * Disajikan kembali/As restated


      Kas Neto dari Aktivitas Operasi                                              Net Cash from Operating Activities
      Pada tahun 2025, Perseroan mencatatkan kas neto dari                         In 2025, the Company recorded net cash from operating activities
      aktivitas operasi sebesar Rp83 miliar, menurun sebesar                       amounting to Rp83 billion, a decrease of 88.9% compared to
      88,9% dibandingkan tahun sebelumnya sebesar Rp745 miliar.                    Rp745 billion in the previous year. This decline was primarily
      Penurunan ini terutama dipengaruhi oleh penurunan penerimaan                 attributable to lower cash receipts from customers in line with
      dari pelanggan sehubungan dengan penurunan volume penjualan                  the decrease in motorcycle sales volume.
      sepeda motor.




      PT Mitra Pinasthika Mustika Tbk
108   Laporan Tahunan 2025
Page 111
         Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
         Management Discussion and Analysis           Corporate Governance               Environmental and Social Responsibility




Kas Neto dari (digunakan untuk) Aktivitas Investasi                   Net Cash from (Used in) Investing Activities
Kas neto dari aktivitas investasi Perseroan di akhir tahun 2025       Net cash from investing activities at the end of 2025 amounted
tercatat sebesar Rp14 miliar terutama disebabkan karena               to Rp14 billion, mainly driven by proceeds from marketable
penerimaan dari surat berharga, sedangkan di tahun 2025 kas           securities. In contrast, in 2024 net cash used in investing
neto digunakan untuk Aktivitas Investasi tercatat sebesar Rp108       activities amounted to Rp108 billion, primarily due to acquisitions
miliar yang disebabkan terutama dari perolehan pada surat             of marketable securities.
berharga.


Kas Neto digunakan untuk Aktivitas Pendanaan                          Net Cash Used in Financing Activities
Kas neto digunakan untuk aktivitas pendanaan Perseroan di             Net cash used in financing activities at the end of 2025 amounted
akhir tahun 2025 tercatat sebesar Rp336 miliar, menurun sebesar       to Rp336 billion, a decrease of 33.5% compared to Rp506 billion
33,5% dibandingkan tahun sebelumnya sebesar Rp506 miliar. Hal         in the previous year. This decrease was influenced by proceeds
tersebut disebabkan oleh penerimaan dari utang bank jangka            from short-term bank loans at year-end.
pendek di akhir tahun.


Rasio Profitabilitas                                                  Profitability Ratios
Perseroan secara konsisten memantau rasio profitabilitas              The Company consistently monitors profitability ratios as an
sebagai alat evaluasi untuk menilai kinerja keuangan, khususnya       evaluation tool to assess financial performance, particularly its
kemampuan dalam menghasilkan laba pada tahun berjalan. Rasio          ability to generate profit during the year. These ratios also reflect
ini juga mencerminkan efektivitas manajemen dalam mengelola           management’s effectiveness in managing operational activities
aktivitas operasional secara efisien. Adapun perbandingan rasio       efficiently. A comparison of the Company’s profitability ratios for
profitabilitas Perseroan untuk dua tahun terakhir disajikan pada      the past two years is presented in the table below:
tabel di bawah ini:


Uraian                                                  2025           2024*                                                  Description


Margin Laba Bruto                                        8,4%             8,2%                                       Gross Profit Margin

Margin Laba Usaha                                        4,2%             4,2%                                   Operating Profit Margin

Margin Laba Tahun Berjalan                               2,9%             3,5%                                 Profit for the Year Margin

Rasio Laba Tahun Berjalan terhadap Jumlah Aset           5,4%             6,6%                                         Return on Assets

Rasio Laba Tahun Berjalan terhadap Jumlah Ekuitas        7,7%             9,4%                                          Return on Equity

* Disajikan kembali/As restated


Dibandingkan dengan tahun sebelumnya, rasio profitabilitas            Compared with the previous year, the Company’s profitability
Perseroan tercatat menurun pada tahun 2025. Penurunan                 ratios declined in 2025. This decrease was primarily driven by the
tersebut terutama dipengaruhi oleh melemahnya laba tahun              lower profit for the year, which was consistent with the decline
berjalan, yang selaras dengan penurunan pendapatan Perseroan          in the Company’s revenue during the same period, as well as the
pada periode yang sama dan kenaikan bagian atas rugi entitas          increase in the share of losses from associates.
asosiasi.




                                                                                                            PT Mitra Pinasthika Mustika Tbk
                                                                                                                        2025 Annual Report    109
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               Pengantar                Ikhtisar Kinerja          Laporan Manajemen           Profil Perusahaan             Tinjauan Pendukung Bisnis
               Introduction             Performance Highlights    Management Report           Company Profile               Business Support Overview




      Kemampuan Membayar Utang
      Ability to Meet Obligations


      Perseroan menilai kemampuan pemenuhan kewajibannya                    The Company assesses its ability to meet obligations by
      melalui penggunaan rasio likuiditas dan rasio solvabilitas. Rasio     utilizing liquidity and solvency ratios. Liquidity ratios are used to
      likuiditas digunakan untuk mengukur kemampuan Perseroan               measure the Company’s capacity to fulfill short-term obligations,
      dalam memenuhi kewajiban jangka pendek, sementara                     while solvency ratios reflect the Company’s ability to meet all
      rasio solvabilitas mencerminkan kapasitas Perseroan dalam             obligations, both short-term and long-term.
      memenuhi seluruh kewajiban, baik jangka pendek maupun
      jangka panjang.


      (dalam %/in %)
      Uraian                                                     2025        2024*                                                    Description

      Rasio Likuiditas                                                                                                           Liquidity Ratios

      Rasio Kas                                                  0,7           0,7                                                     Cash Ratio

      Rasio Lancar                                               1,7           1,7                                                  Current Ratio

      Rasio Solvabilitas                                                                                                         Solvency Ratios

      Rasio Liabilitas terhadap Jumlah Aset                      0,3           0,3                            Liabilities to Total Assets Ratio

      Rasio Liabilitas terhadap Jumlah Ekuitas                   0,4           0,4                                Liabilities to Total Equity Ratio

      * Disajikan kembali/As restated


      Rasio Likuiditas                                                      Liquidity Ratios

      Per 31 Desember 2025, rasio kas dan rasio lancar Perseroan            As of December 31, 2025, the Company’s cash ratio and current
      relatif stabil dibandingkan tahun sebelumnya, masing-masing           ratio remained relatively stable compared with that of the previous
      tercatat sebesar 0,7 dan 1,7. Hal ini menunjukkan Perseroan           year, recorded at 0.7 and 1.7, respectively. These figures indicated
      memiliki pengelolaan kas yang optimal dalam mendukung                 the Company’s ability to maintain optimal cash management to
      aktivitas operasional dan memiliki kemampuan yang baik untuk          support operational activities and strong capability in meeting
      memenuhi kewajiban jangka pendek secara tepat waktu.                  short-term obligations in a timely manner.


      Rasio Solvabilitas                                                    Solvency Ratios

      Pada tahun 2025, rasio jumlah liabilitas terhadap jumlah aset         In 2025, the ratio of total liabilities to total assets stood at 0.3,
      tercatat sebesar 0,3 dan rasio jumlah liabilitas terhadap jumlah      while the ratio of total liabilities to total equity was recorded
      ekuitas tercatat sebesar 0,4. Rasio solvabilitas ini menunjukkan      at 0.4. These solvency ratios reflected a well-managed capital
      struktur permodalan Perseroan yang tetap terkendali, dengan           structure and the Company’s capability to meet long-term
      kemampuan yang baik dalam memenuhi kewajiban jangka                   obligations. Overall, the Company’s solvency position in both
      panjang. Secara keseluruhan, posisi solvabilitas Perseroan pada       2025 and 2024 reflected a healthy financial condition, managed
      tahun 2025 dan 2024 mencerminkan kondisi keuangan yang                in accordance with prudent financial principles.
      sehat dan dikelola sesuai dengan prinsip kehati-hatian.




      PT Mitra Pinasthika Mustika Tbk
110   Laporan Tahunan 2025
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          Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
          Management Discussion and Analysis           Corporate Governance              Environmental and Social Responsibility




Tingkat Kolektibilitas Piutang
Receivables Collectibility Level


Efektivitas pengelolaan piutang Perseroan tercermin dari average       The effectiveness of the Company’s receivables management is
collection period, yang menggambarkan rata-rata waktu yang             reflected in the average collection period, which represents the
dibutuhkan untuk menagih piutang usaha menjadi kas.                    average time required to convert trade receivables into cash.


Pada tahun 2025, average collection period tercatat sebesar 2,0,       In 2025, the average collection period was recorded at 2.0,
sedikit meningkat dibandingkan 1,90 pada tahun 2024. Kenaikan          slightly higher than 1.90 in 2024. This increase indicates a
ini mencerminkan adanya sedikit peningkatan dalam rata-rata            marginal lengthening in the average collection cycle compared
waktu penagihan piutang dibandingkan tahun sebelumnya,                 to the previous year, while continuing to reflect relatively stable
namun masih mencerminkan pengelolaan piutang yang relatif              receivables management over time.
stabil dari tahun ke tahun.


(dalam hari/in days)
Uraian                                              2025                    2024*                                            Description

Piutang                                              2,0                        1,9                                          Receivables

Persediaan                                           13,6                       8,7                                           Inventories

Utang                                                9,7                        9,4                                             Payables

Disajikan kembali/As restated




Struktur Modal dan Kebijakan Permodalan
Capital Structure and Capital Management Policy


Hingga akhir tahun 2025, Perseroan belum menetapkan kebijakan          As of the end of 2025, the Company had not yet established
formal yang secara khusus mengatur struktur modal. Namun               a formal policy specifically governing its capital structure.
demikian, dalam pengelolaan pendanaan, Perseroan senantiasa            Nevertheless, in managing its funding strategy, the Company
mengacu pada ketentuan yang berlaku, khususnya Peraturan               consistently refers to applicable regulations, particularly the
Menteri Keuangan No. 169/PMK.010/2015, yang mengatur batas             Ministry of Finance Regulation No. 169/PMK.010/2015, which
maksimum rasio utang terhadap ekuitas sebesar 4:1 untuk                stipulates a maximum debt-to-equity ratio of 4:1 for taxation
kepentingan perpajakan.                                                purposes.


Dalam praktiknya, Manajemen menerapkan pendekatan                      In practice, Management adopts a prudent approach to capital
permodalan yang prudent dengan mempertimbangkan kondisi                management by considering operational cash flow conditions,
arus kas operasional, stabilitas pendapatan, profil risiko usaha,      revenue stability, business risk profile, funding requirements
kebutuhan pendanaan untuk mendukung pengembangan bisnis,               to support business development, and overall financial market
serta kondisi pasar keuangan. Pertimbangan tersebut menjadi            conditions. These considerations serve as the basis for
dasar dalam menentukan struktur permodalan yang optimal,               determining an optimal capital structure aimed at maintaining a
dengan tujuan menjaga keseimbangan antara efisiensi biaya              balance between cost of capital efficiency and funding flexibility.
modal dan fleksibilitas pendanaan.


Melalui pendekatan ini, Perseroan berupaya mempertahankan              Through this approach, the Company strives to maintain a sound
struktur keuangan yang sehat guna mendukung keberlanjutan              financial structure to support business sustainability, while
usaha, sekaligus mengoptimalkan penciptaan nilai bagi                  optimizing value creation for Shareholders and delivering long-
Pemegang Saham dan memberikan manfaat yang berkelanjutan               term benefits to all stakeholders.
bagi seluruh pemangku kepentingan.




                                                                                                            PT Mitra Pinasthika Mustika Tbk
                                                                                                                        2025 Annual Report    111
Page 114
               Pengantar                Ikhtisar Kinerja                 Laporan Manajemen            Profil Perusahaan           Tinjauan Pendukung Bisnis
               Introduction             Performance Highlights           Management Report            Company Profile             Business Support Overview




      (dalam miliar Rupiah, kecuali dinyatakan khusus/in billions of Rupiah, unless otherwise specified)
      Uraian                                                            2025       2024*                                                    Description

      Jumlah Liabilitas                                                 2.552      2.661                                                Total Liabilities

      Jumlah Ekuitas                                                    5.983      6.030                                                   Total Equity

      Jumlah Liabilitas dan Ekuitas                                     8.535      8.691                                    Total Liabilities and Equity

      Persentase Jumlah Liabilitas terhadap Jumlah                      29,9        30,6       Percentage of Total Liabilities to Total Liabilities and
      Liabilitas dan Ekuitas (%)                                                                                                            Equity (%)

      Persentase Jumlah Ekuitas terhadap Jumlah                         70,1        69,4            Percentage of Total Equity to Total Liabilities and
      Liabilitas dan Ekuitas (%)                                                                                                            Equity (%)

      * Disajikan kembali/As restated




      Ikatan Material untuk Investasi Barang Modal
      Material Commitments for Capital Expenditure


      Perseroan tidak memiliki ikatan material untuk investasi                      The Company had no material commitments for capital
      barang modal selain yang sudah dilaporkan dalam Laporan                       expenditure other than those disclosed in the Consolidated
      Keuangan Konsolidasian. Seluruh aktivitas investasi barang                    Financial Statements. All capital expenditure activities were
      modal menggunakan anggaran yang telah dialokasikan oleh                       financed using budgets that were allocated by the Company. In
      Perseroan. Selain itu, mata uang yang menjadi denominasi                      addition, the expenditures were denominated in Rupiah, thereby
      adalah Rupiah, sehingga investasi ini tidak menimbulkan risiko                eliminating exposure to foreign exchange risk.
      terkait perubahan nilai tukar.




      Realisasi Investasi Barang Modal
      Realization of Capital Expenditure


      Investasi barang modal yang direalisasikan Perseroan                          Capital expenditure realized by the Company in 2025 was directed
      pada tahun 2025 ditujukan untuk mendukung kelancaran                          toward supporting smooth operational activities. The table below
      operasional. Tabel berikut menyajikan rincian investasi beserta               presents the details of these investments as well as comparison
      perbandingan dengan tahun 2024:                                               with those of 2024:


      (dalam jutaan Rupiah/in millions of Rupiah)
                                                                 Nilai Investasi/Investment Value
      Jenis Investasi                                                                                                              Type of Investment
                                                                    2025                2024
      Bangunan                                                         553                 1.217                                              Buildings

      Kendaraan                                                      3.862                 5.499                                               Vehicles

      Peralatan Kantor                                               8.131                 8.892                                      Office Equipment

      Sarana dan Prasarana                                           3.582                   421                          Facilities and Infrastructures

      Aset dalam Pembangunan                                        38.690              44.424                              Assets under Construction

      Jumlah                                                        54.818              60.453                                                     Total




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        Management Discussion and Analysis                Corporate Governance                Environmental and Social Responsibility




Informasi dan Fakta Material setelah Tanggal
Pelaporan
Material Information and Subsequent Events

Tidak terdapat informasi dan fakta material setelah tanggal                There were no material information or facts subsequent to the
pelaporan selain yang telah dilaporkan dalam Catatan atas                  reporting date other than those disclosed in the Notes to the
Laporan Keuangan Konsolidasian.                                            Consolidated Financial Statements.




Prospek Usaha
Business Outlook

Prospek usaha Perseroan pada tahun 2026 dipengaruhi oleh                   The Company’s business outlook for 2026 is shaped by the global
perlambatan ekonomi global dengan pertumbuhan dunia                        economic slowdown, with world economic growth projected
diprakirakan mencapai 3,2%, sedikit menurun dibandingkan tahun             at 3.2%, slightly lower than that of the previous year. Financial
sebelumnya. Ketidakpastian pasar keuangan dan ketegangan                   market uncertainty and geopolitical tensions remain elevated,
geopolitik tetap tinggi, meskipun prospek ekonomi di beberapa              although the outlook of several economies, including the United
negara, termasuk Amerika Serikat, didorong oleh investasi sektor           States, is supported by technological investments and fiscal
teknologi dan stimulus fiskal. Pertumbuhan ekonomi nasional                stimulus. Indonesia’s economic growth is expected to grow within
diperkirakan meningkat dalam kisaran 4,9–5,7%, didorong oleh               the range of 4.9–5.7%, driven by stronger domestic demand, the
kenaikan permintaan domestik, efektivitas berbagai program                 effectiveness of various government stimulus programs, and
stimulus Pemerintah, dan bauran kebijakan Bank Indonesia yang              Bank Indonesia’s policy mix that supports investment, household
memperkuat investasi, konsumsi rumah tangga, dan penyerapan                consumption, and labor absorption. Key sectors such as
tenaga kerja. Sektor utama seperti Industri Pengolahan,                    Manufacturing, Wholesale and Retail Trade, and Information and
Perdagangan Besar dan Eceran, serta Informasi dan Komunikasi               Communication are projected to maintain positive performances,
diproyeksikan tetap menunjukkan kinerja positif, sementara                 while spatial economic growth is expected to be robust in the
pertumbuhan ekonomi secara spasial diperkirakan tinggi di                  Bali–Nusa Tenggara, Java, and Kalimantan regions.
wilayah Bali-Nusa Tenggara, Jawa, dan Kalimantan.


Di industri otomotif, GAIKINDO masih optimistis terhadap                   In the automotive industry, GAIKINDO maintains a positive outlook
pemulihan pasar seiring berjalannya produksi kendaraan listrik             for market recovery, supported by the expansion of local electric
lokal dan implementasi Tingkat Komponen Dalam Negeri (TKDN)                vehicle production and the implementation of Local Content
oleh sejumlah pabrikan. Kinerja penjualan mobil akan tetap                 Requirements (TKDN) by several manufacturers. However, car
dipengaruhi oleh tekanan daya beli masyarakat akibat kenaikan              sales performance will continue to face pressure from weakened
harga kendaraan yang lebih cepat dibanding pertumbuhan                     purchasing power, as vehicle prices have risen more rapidly than
pendapatan, sehingga kesenjangan antara harga dan potensi                  income growth, leaving a persistent affordability gap. A more
pembeli masih ada. Pemulihan permintaan diperkirakan akan                  optimal recovery is anticipated if national economic growth
lebih optimal jika pertumbuhan ekonomi nasional mencapai                   approaches six percent, while stagnation may occur should
target sekitar enam persen, sementara kondisi stagnan dapat                growth fall below expectations.
terjadi jika laju pertumbuhan lebih rendah.


Penjualan sepeda motor domestik diperkirakan stabil                        Domestic motorcycle sales are projected to remain stable within
pada kisaran 6,4–6,7 juta unit, didukung peran lembaga                     the range of 6.4–6.7 million units, supported by the strong role
pembiayaan yang kuat untuk memfasilitasi pembelian                         of financing institutions in facilitating consumer purchases. The
konsumen. Pemanfaatan peluang kendaraan listrik lokal serta                optimization of opportunities in locally manufactured electric
pengembangan layanan purna jual diharapkan menjadi motor                   vehicles and the expansion of aftersales services is expected
penggerak pertumbuhan Perseroan sepanjang tahun 2026,                      to drive the Company’s growth performance throughout 2026,
sehingga Perseroan dapat mempertahankan kontribusi terhadap                enabling the Company to maintain its contribution to the national
ekonomi nasional dan memperkuat kinerja bisnis.                            economy and strengthen business performance.

Sumber:/Source:
› Bank Indonesia – Laporan Perekonomian Indonesia 2025;/Bank Indonesia - Indonesia Economic Report 2025;
› GAIKINDO - GAIKINDO Ungkapkan Tantangan yang Dihadapi Industri Otomotif pada 2026;/GAIKINDO – Challenges Facing the Automotive Industry in 2026
› Asosiasi Industri Sepeda Motor Indonesia (AISI) - AISI Ungkap Pasar Sepeda Motor 2025 dan Prediksi tahun 2026./AISI – Motorcycle Market Outlook
  2025 and 2026 Projections



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               Pengantar           Ikhtisar Kinerja              Laporan Manajemen              Profil Perusahaan         Tinjauan Pendukung Bisnis
               Introduction        Performance Highlights        Management Report              Company Profile           Business Support Overview




      Perbandingan Target dan Realisasi Tahun 2025
      Comparison Between Targets and Realization for 2025


      (dalam miliar Rupiah, kecuali dinyatakan khusus/in billions of Rupiah, unless otherwise specified)

      Uraian                                Realisasi 2025         Target 2025            Pencapaian Target                        Description
                                           2025 Realization        2025 Target           Target Achievements

      Pendapatan Neto                          16.152                 17.400                     92,8%                          Net Revenues

      Laba Bruto                                 1.361                  1.357                   100,3%                            Gross Profit

      Laba Tahun Berjalan                          462                   596                     77,5%                      Profit for the Year

      Jumlah Ekuitas                             5,983                  6.521                    91,8%                            Total Equity




      Proyeksi Tahun 2026
      2026 Projections

      Dengan mempertimbangkan kondisi ekonomi sebelumnya,                   Given the prevailing economic conditions, the Company is eyeing
      Perseroan menargetkan kenaikan pendapatan sebesar 5%-                 on a revenue increase to be in the range of 5%–10% for 2026. The
      10% untuk tahun 2026. Sedangkan terhadap struktur modal               capital structure is likewise expected to improve in line with the
      diperkirakan meningkat seiring dengan kenaikan pendapatan             projected growth in revenue and net profit.
      dan laba bersih.




      Aspek Pemasaran
      Marketing Aspects

      Strategi Pemasaran                                                    Marketing Strategy

      Dalam mendukung pencapaian kinerja usaha, Perseroan                   In order to support the achievement of its business objectives, the
      bersama Entitas Anak dan Entitas Asosiasi secara konsisten            Company, together with its Subsidiaries and Associates, consistently
      menerapkan strategi pemasaran yang adaptif dan relevan                implements marketing strategies that are adaptive and aligned with
      dengan dinamika pasar. Sepanjang tahun 2025, berbagai                 market dynamics. Throughout 2025, various marketing initiatives
      inisiatif pemasaran difokuskan untuk memperkuat posisi merek,         were focused on strengthening brand positioning, enhancing
      meningkatkan keterlibatan dengan segmen pasar yang dituju,            engagement with targeted market segments, and expanding the
      serta memperluas basis pelanggan di masing-masing lini usaha.         customer base across each business line. These strategies were
      Strategi tersebut dirancang agar selaras dengan karakteristik         designed to align with the characteristics of the products and
      produk dan layanan yang ditawarkan, sekaligus mampu                   services offered, enabling the Company to reach consumers more
      menjangkau konsumen secara lebih efektif melalui pendekatan           effectively through innovative and market-relevant approaches.
      yang inovatif. Uraian lebih lanjut mengenai inisiatif pemasaran       A detailed description of the marketing initiatives undertaken is
      yang dijalankan disajikan pada bagian berikut:                        presented in the following section:


      Distribusi, Ritel, dan Aftermarket                                        Distribution, Retail, and Aftermarket

      ›   Memastikan Supply Chain Management System (proses                     ›   Ensuring that the Supply Chain Management System
          pengadaan, penyimpanan, pengiriman dan penjualan)                         (procurement, storage, delivery and sales process) runs
          efektif dan efisien melalui ekosistem digital yang dapat                  effectively and efficiently through digital ecosystem that
          mendukung bisnis di jaringan ritel;                                       supports business within the retail network;
      ›   Memastikan keberlanjutan jaringan ritel melalui kualitas              ›   Ensuring a sustainable retail network through financial
          finansial dan operasional yang didukung oleh kesiapan                     and operational quality sustained by the readiness of the
          penerus bisnis;                                                           business successors;



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›   Meningkatkan kualitas dan produktivitas implementasi                ›   Improving the quality and productivity of massive, aggressive
    aktivitas pemasaran yang masif, agresif dan tepat sasaran               and targeted marketing activities, both online and offline;
    secara online dan offline;
›   Mengembangkan hubungan yang baik dengan pelanggan                   ›   Developing strong relationships with customers through
    melalui platform digital yang ada seperti Aplikasi Brompit,             existing digital platforms, such as the Brompit Application,
    media sosial, situs web, dan chatbot Melisha, serta aktivitas           social media, website, and Melisha chatbot, as well as
    Customer Relationship Management (CRM) yang efektif;                    effective Customer Relationship Management (CRM) activity;
›   Memastikan aktivitas operasional jaringan berjalan sesuai           ›   Ensuring that the network operational activities adhere
    standar yang berlaku yaitu Network Operational Standard                 to the Network Operational Standard (NOS), which will
    (NOS), sehingga kepuasan dan loyalitas konsumen dapat                   consistently enhance customer satisfaction and loyalty;
    terus meningkat secara konsisten;
›   Meningkatkan kemampuan Honda People, baik secara                    ›   Improving the capabilities of Honda People, both technical
    teknis maupun non teknis yang diperlukan untuk menunjang                and non-technical skills, necessarily to support the
    bisnis;                                                                 business;
›   Memastikan keberlanjutan jaringan, baik dari aspek finansial        ›   Ensuring network sustainability, focusing on both financial
    yang stabil maupun kesiapan penerus bisnis;                             stability and the readiness of the successors;
›   Tetap mempertahankan dominasi pasar dengan optimalisasi             ›   Maintaining market dominance through the optimization of
    penambahan jumlah jaringan di area yang potensial, baik                 the network expansion in potential areas, for both sales and
    untuk bisnis penjualan maupun layanan purna jual; dan                   after-sales service businesses; and
›   Mengoptimalkan ekosistem digital yang terintegrasi untuk            ›   Optimizing integrated digital ecosystem to drive productivity
    meningkatkan produktivitas dan efisiensi biaya.                         and cost efficiency.

Asuransi                                                                Insurance

›   Melakukan digitalisasi pada proses klaim melalui                    ›   Digitalization of the claim process through the
    implementasi AI Claim Assisstant; dan                                   implementation of an AI Claim Assistant; and
›   Memperluas kanal distribusi melalui strategi Cross Opco             ›   Expanded distribution channel through a Cross Opco
    Product Bundling.                                                       Product Bundling Strategy.

Transportasi                                                            Transportation

›   Implementasi otomasi proses yang berkelanjutan seperti              ›   Implementation of sustainable process automation, such as
    implementasi solusi RPA untuk area keuangan dan operasional,            the deployment of RPA solutions for finance and operations,
    digitalisasi form transaksi operasional, peluncuran mobile app          digitalization of operational transaction forms, the launch
    kendaraan bekas yaitu AUKSI, serta pembuatan dashboard                  of the AUKSI used-vehicle mobile app, and the creation of
    terpadu yang dapat membantu pengambilan keputusan yang                  integrated dashboards to support optimal decision-making.
    optimal.
›   Meningkatkan efisiensi biaya operasional dengan pencapaian          ›   Improving operational cost efficiency by achieving an
    OPEX ratio yang lebih baik dari target, didukung oleh                   OPEX ratio that outperformed targets, supported by branch
    standardisasi cabang, optimalisasi repair & maintenance, serta          standardization, optimization of repair & maintenance, and
    efisiensi aktivitas operasional lainnya.                                efficiencies in other operational activities.
›   Melakukan penyesuaian strategi kendaraan Electric Vehicle           ›   Adjusting EV strategies, including changes to residual
    (EV), termasuk perubahan residual value untuk tipe tertentu             values for specific models in line with market conditions,
    mengikuti kondisi pasar, serta penyesuaian masa depresiasi              as well as shortening the depreciation period for EV units to
    unit EV menjadi lebih singkat guna mencerminkan dinamika                reflect industry dynamics.
    industri.

Pembiayaan                                                              Financing

›   Fokus pada pengembangan produk pembiayaan kendaraan                 ›   Focus on the development of two-wheeler financing
    roda dua.                                                               products.
›   Meningkatkan pembiayaan kendaraan roda dua dengan                   ›   Increase two-wheeler financing by continuously expanding
    terus mengembangkan pangsa pasar dengan memperkuat                      market share through the strengthening of strategic
    kemitraan strategis dan kolaborasi bisnis dengan MPMulia                partnerships and business collaboration with MPMulia,
    dalam pembiayaan motor baru terutama di wilayah Jawa                    particularly for new motorcycle financing in East Java, Bali,
    Timur, BBali, dan Nusa Tenggara.                                        and Nusa Tenggara.
›   Sejak Oktober 2024, JACCS MPMFinance Indonesia                      ›   Since October 2024, JACCS MPMFinance Indonesia has
    sementara waktu menghentikan pembiayaan baru (stop                      temporarily suspended new financing (stop booking) for
    booking) untuk mobil baru/bekas dan multi produk, dan                   new/used cars and multi-products, while focusing on
    fokus pada peningkatan kualitas aset. Menghentikan                      improving asset quality. The suspension of new financing
    pembiayaan baru untuk mengurangi potensi kerugian                       aims to mitigate potential losses, considering the declining
    dengan mempertimbangkan kualitas aset yang memburuk.                    quality of assets.
›   Menutup secara permanen kegiatan bisnis Sewa                        ›   Permanently discontinued its Finance Lease (corporate
    Pembiayaan (pembiayaan korporasi) sejak Januari 2025.                   financing) business activities as of January 2025.
    Pengelolaan terhadap portofolio pembiayaan korporasi                    Management of the existing corporate financing portfolio
    yang ada hingga jatuh tempo.                                            will continue until its respective maturity dates.
›   Fokus dalam meningkatkan kerja sama dengan rekanan                  ›   Focus on improving cooperation with dealer/showroom
    dealer/showroom yang memberikan kontribusi profit lebih                 partners that contribute higher profitability by optimizing the
    besar dengan mengoptimalisasi pemberian program-                        delivery of privilege programs.
    program privillege.




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               Pengantar           Ikhtisar Kinerja                    Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
               Introduction        Performance Highlights              Management Report            Company Profile           Business Support Overview




      Kebijakan dan Pembagian Dividen
      Dividend Policy and Distribution


      Kebijakan Dividen                                                          Dividend Policy

      Perseroan menetapkan kebijakan dividen berdasarkan ketentuan               The Company establishes its dividend policy in accordance
      Undang-Undang Perseroan Terbatas, yang mensyaratkan                        with the provisions of the Limited Liability Company Law, which
      persetujuan Rapat Umum Pemegang Saham setelah memperoleh                   requires approval from the General Meeting of Shareholders upon
      rekomendasi dari Direksi. Sejalan dengan ketentuan ini, Perseroan          the recommendation of the Board of Directors. In line with these
      selalu menyisihkan sebagian laba bersih untuk cadangan wajib               regulations, the Company allocates a portion of its net profit to
      apabila laba ditahan positif. Selain itu, dividen tunai interim            statutory reserves whenever retained earnings are positive. In
      dapat dibayarkan, dengan ketentuan bahwa pembayaran tidak                  addition, interim cash dividends may be distributed provided that
      menurunkan nilai aset bersih Perseroan di bawah jumlah modal               such payments do not reduce the Company’s net assets to an
      ditempatkan dan disetor, tetap mematuhi persyaratan cadangan               amount lower than its issued and paid-up capital, and remain
      wajib. Perseroan menargetkan rasio pembayaran dividen tunai                compliant with statutory reserve requirements. The Company
      final sebesar 40% dari laba bersih setelah pajak setiap tahun,             targets an annual final cash dividend payout ratio of 40% of
      sebagai bentuk komitmen memberikan nilai berkelanjutan                     net profit after tax, underscoring its commitment to delivering
      kepada Pemegang Saham.                                                     sustainable value to Shareholders.


      Pembagian Dividen                                                          Dividend Distribution

      Tabel berikut menyajikan realisasi pembagian dividen Perseroan             The following table presents the Company’s dividend distribution
      selama dua tahun terakhir, yang mencerminkan konsistensi                   over the past two years, reflecting the Company’s consistency in
      Perseroan dalam menjalankan kebijakan dividen:                             implementing its dividend policy:


                                                       Tahun Buku 2024           Tahun Buku 2023
      Uraian                                                                                                                           Description
                                                       2024 Fiscal Year          2023 Fiscal Year

      Dividen yang Dibagikan (miliar Rupiah)                    526                    503                   Distributed Dividends (billion Rupiah)

      Dividen per Saham Dasar (Rupiah penuh)                    120                    115                Basic Dividend per Share (whole Rupiah)

      Dividend Payout Ratio (%)                                 90,2                   95,5                             Dividend Payout Ratio (%)

      Tanggal Pembayaran Dividen                            26 Juni 2025          28 Juni 2024                             Dividend Payment Date
                                                            June 26, 2025         June 28, 2024




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

      Perseroan melakukan Penawaran Umum Perdana (IPO) pada                      The Company conducted its Initial Public Offering (IPO) in 2013.
      tahun 2013. Seluruh dana yang diperoleh dari penawaran                     All proceeds from the offering were fully utilized by 2015, as
      tersebut telah dimanfaatkan secara penuh pada tahun                        disclosed in the respective Annual Report. Accordingly, in the
      2015, sebagaimana tercatat dalam Laporan Tahunan tahun                     current year, the Company no longer has any obligation to report
      bersangkutan. Oleh karena itu, pada tahun berjalan, Perseroan              the use of proceeds from the public offering.
      tidak lagi memiliki kewajiban untuk melaporkan penggunaan
      dana hasil penawaran umum.




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Page 119
        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan           Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis          Corporate Governance             Environmental and Social Responsibility




Informasi Material Terkait Investasi, Ekspansi,
Divestasi, Penggabungan/Peleburan Usaha,
Akuisisi, dan Restrukturisasi Utang/Modal
Material Information Related to Investment, Expansion, Divestment, Merger/
Consolidation, Acquisition, and Debt/Capital Restructuring

Sepanjang tahun 2025, Perseroan tidak melakukan kegiatan            Throughout 2025, the Company did not undertake any investment,
investasi, ekspansi, divestasi, penggabungan/peleburan usaha,       expansion, divestment, merger/consolidation, acquisition, or
akuisisi, atau restrukturisasi utang/modal selain yang telah        debt/capital restructuring activities other than those presented
disajikan dalam Catatan atas Laporan Keuangan Konsolidasian.        in the Notes to the Consolidated Financial Statements.




Informasi Transaksi Material yang
Mengandung Benturan Kepentingan
Material Transactions Containing Conflicts of Interest

Sepanjang tahun 2025, Perseroan tidak melakukan transaksi           During 2025, the Company did not undertake any transactions
yang mengandung benturan kepentingan.                               that contained conflicts of interest.




Informasi Transaksi dengan Pihak Berelasi
(Transaksi Afiliasi)
Related Party Transactions (Affiliated Transactions)

Guna memastikan transaksi afiliasi Perseroan dijalankan secara      To ensure that the Company’s affiliated transactions are
wajar dan sesuai dengan praktik bisnis yang berlaku umum            conducted fairly and in accordance with prevailing business
(arms length), Perseroan mengacu pada Peraturan Otoritas Jasa       practices (arm’s length), the Company adheres to the Financial
Keuangan No. 42/POJK.04/2020 tentang Transaksi Afiliasi dan         Services Authority Regulation No. 42/POJK.04/2020 concerning
Benturan Kepentingan (POJK 42). Selain itu, Perseroan juga          Affiliated Transactions and Conflicts of Interest (POJK 42). The
mengacu pada prosedur internal, yang antara lain peran Dewan        Company also refers to its internal procedures, including the
Komisaris Perseroan terkait transaksi afiliasi tertentu atau        role of the Board of Commissioners in matters related to certain
bersifat material.                                                  affiliated or material transactions.




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              Pengantar             Ikhtisar Kinerja           Laporan Manajemen          Profil Perusahaan        Tinjauan Pendukung Bisnis
              Introduction          Performance Highlights     Management Report          Company Profile          Business Support Overview




      Sepanjang tahun 2025, Perseroan telah melakukan transaksi          During 2025, the Company executed affiliated transactions that
      afiliasi yang memenuhi ketentuan Pasal 6 POJK 42, yang mana        fell under the provisions of Article 6 of POJK 42, which do not
      tidak diperlukan adanya penilai dan/atau pendapat kewajaran        require an appraiser and/or fairness opinion or disclosure. Such
      dan keterbukaan informasi. Transaksi afiliasi tersebut hanya       transactions were only required to be reported to the Financial
      diwajibkan untuk dilaporkan kepada Otoritas Jasa Keuangan.         Services Authority, and the Company has fulfilled this reporting
      Perseroan telah melaporkan transaksi tersebut kepada Otoritas      obligation.
      Jasa Keuangan.


      Seluruh transaksi dijalankan secara wajar dan sesuai praktik       All transactions were carried out fairly and in accordance with
      bisnis yang berlaku umum (arm’s length). Perseroan memastikan      prevailing business practices (arm’s length). The Company
      bahwa setiap transaksi dilakukan atas dasar kebutuhan              ensures that each transaction is based on operational needs and
      operasional dan tidak menimbulkan benturan kepentingan.            does not give rise to any conflict of interest.




      Perubahan Peraturan Perundang-Undangan
      yang Berdampak Signifikan pada Perseroan
      Changes in Laws and Regulations with Significant Impacts on the Company



      Selama tahun 2025, terdapat perubahan peraturan-peraturan          During 2025, several regulatory changes occurred with material
      yang berpengaruh secara material bagi Perseroan, sebagai           impacts on the Company, as described below:
      berikut:


                             Peraturan                       Tanggal Penerbitan                  Dampak terhadap Perseroan
                             Regulation                         Date of Issue                      Impact on the Company

      SEOJK    No.    10/SEOJK.04/2025       tentang             5 Juni 2025         Perseroan wajib menyesuaikan pelaksanaan
      Penyampaian Laporan Kepemilikan atau Setiap                                    pemenuhan kewajiban pelaporan kepemilikan atau
      Perubahan Kepemilikan Saham Perusahaan                                         setiap perubahan kepemilikan saham Perusahaan
      Terbuka dan Laporan Aktivitas Menjaminkan                                      Terbuka dan melakukan pelaporan aktivitas
      Saham Perusahaan Terbuka Secara Elektronik.                                    menjaminkan saham Perusahaan Terbuka.

      SEOJK No. 10/SEOJK.04/2025 concerning the                  June 5, 2025        The Company is required to adjust the
      Submission of Reports on Share Ownership or                                    implementation of its reporting obligations related
      Any Changes in the Share Ownership of Public                                   to the ownership or any changes in the ownership
      Companies, and Reports on the Activity of Pledging                             of shares in the Public Company, as well as to
      Shares of Public Companies Electronically.                                     submit reports on the activity of pledging shares of
                                                                                     the Public Company.




      Perubahan Kebijakan Akuntansi
      Changes in Accounting Policies

      Peseroan telah menerapkan PSAK 117 untuk pertama kali,             The Company has initially applied PSAK 117, including any
      termasuk amandemen konsekuensial terhadap standar lainnya,         consequential amendments to other standards, from 1 January
      sejak tanggal 1 Januari 2025. Standar-standar ini telah membawa    2025. These standards have brought significant changes to
      perubahan signifikan terhadap akuntansi untuk kontrak asuransi     the accounting for insurance and reinsurance contracts and
      dan reasuransi serta instrumen keuangan. Sebagai akibatnya,        financial instruments. As a result, the Company has restated
      Perseroan telah menyajikan kembali jumlah komparatif tertentu      certain comparative amounts and presented a third statement of
      dan menyajikan laporan posisi keuangan ketiga pada tanggal         financial position as at 1 January 2024.
      1 Januari 2024.




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Management Discussion and Analysis   Corporate Governance     Environmental and Social Responsibility




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              Pengantar            Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




      Tata Kelola
      Perusahaan
      Corporate Governance




                             Prinsip GCG diterapkan secara
                             konsisten dalam setiap aktivitas
                             bisnis Perseroan, sehingga
                             seluruh proses operasional dan
                             interaksi dengan pemangku
                             kepentingan dapat berlangsung
                             secara transparan, akuntabel, dan
                             berintegritas.

                             GCG principles are consistently applied in
                             all of the Company’s business activities,
                             ensuring that all operational processes
                             and interactions with stakeholders are
                             conducted transparently, accountably,
                             and with integrity.




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Management Discussion and Analysis   Corporate Governance     Environmental and Social Responsibility




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              Pengantar            Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights        Management Report          Company Profile           Business Support Overview




      Implementasi Prinsip Tata Kelola Perusahaan
      Implementation of Corporate Governance Principles


      Perseroan menjadikan penerapan Tata Kelola Perusahaan                The Company makes the implementation of Good Corporate
      yang Baik (Good Corporate Governance/GCG) sebagai elemen             Governance (GCG) as a fundamental element in building a
      fundamental dalam membangun fondasi pertumbuhan yang                 strong and sustainable growth foundation. GCG principles are
      kuat dan berkelanjutan. Prinsip GCG diterapkan secara konsisten      consistently applied in all of the Company’s business activities,
      dalam setiap aktivitas bisnis Perseroan, sehingga seluruh proses     ensuring that all operational processes, decision-making, and
      operasional, pengambilan keputusan, dan interaksi dengan             interactions with stakeholders are conducted transparently,
      pemangku kepentingan dapat berlangsung secara transparan,            accountably, and with integrity.
      akuntabel, dan berintegritas.


      Sebagai bentuk komitmen tersebut, Perseroan secara konsisten         As a form of its commitment, the Company consistently updates
      memperbarui kebijakan, standar, pedoman, dan prosedur untuk          its policies, standards, guidelines, and procedures to ensure the
      memastikan keselarasan dengan perkembangan regulasi serta            alignment with regulatory developments and the dynamics of
      dinamika lingkungan usaha. Pembaruan ini juga dilakukan              the business environment. These updates are also carried out
      untuk memperkuat efektivitas pengendalian internal serta             to strengthen the effectiveness of internal controls and support
      mendukung peningkatan kinerja dan pengembangan bisnis                the continuous improvements of performance and business
      secara berkelanjutan.                                                development.


      Pelaksanaan GCG Perseroan didasarkan pada ketentuan-                 The Company’s GCG implementation is based on the provisions
      ketentuan dalam Pedoman Umum Governansi Korporat Indonesia           of the General Guidelines for Corporate Governance in Indonesia
      yang diterbitkan oleh Komite Nasional Kebijakan Governansi,          issued by the National Committee on Governance Policy,
      peraturan yang berlaku di Indonesia serta praktik-praktik terbaik    applicable regulations in Indonesia, and international best
      yang diakui secara internasional, termasuk:                          practices, including:


      1. Undang-Undang Nomor 8 Tahun 1995 tentang Pasar Modal              1. Law Number 8 of 1995 concerning Capital Market, as
         sebagaimana diubah dengan Undang-Undang Nomor 4                      amended by Law Number 4 of 2023 concerning Development
         Tahun 2023 tentang Pengembangan dan Penguatan Sektor                 and Strengthening of the Financial Sector;
         Keuangan;
      2. Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan               2. Law Number 40 of 2007 concerning Limited Liability
         Terbatas sebagaimana diubah dengan Undang-Undang                     Companies, as amended by Law Number 6 of 2023
         Nomor 6 Tahun 2023 tentang Penetapan Peraturan                       concerning the Stipulation of Government Regulation in Lieu
         Pemerintah Pengganti Undang-Undang Nomor 2 Tahun 2022                of Law Number 2 of 2022 on Job Creation into Law (Company
         tentang Cipta Kerja menjadi Undang-Undang (UUPT);                    Law/UUPT);
      3. Peraturan-peraturan yang diterbitkan oleh Otoritas Jasa           3. Regulations issued by the Financial Services Authority (OJK)
         Keuangan (OJK) dan Bursa Efek Indonesia (BEI);                       and the Indonesia Stock Exchange (IDX);
      4. Pedoman Umum Governansi Korporat Indonesia yang                   4. General Guidelines for Corporate Governance in Indonesia
         diterbitkan oleh Komite Nasional Kebijakan Governansi; dan           issued by the National Governance Policy Committee; and
      5. ASEAN Corporate Governance Scorecard.                             5. ASEAN Corporate Governance Scorecard.




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        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




                                                       Perilaku Beretika
                                                       Ethical Conduct

Penerapan di Perseroan:                                              Implementation within the Company:
Perseroan menerapkan Pedoman Perilaku dan Budaya                     The Company consistently implements its Code of Conduct and
Perusahaan secara konsisten kepada seluruh personel tanpa            Corporate Culture across all personnel without exception. This
pengecualian. Penerapan ini menegaskan komitmen Perseroan            implementation underscores the Company’s commitment to
dalam menghormati hak asasi manusia dalam setiap kegiatan            respecting human rights in all of its operational activities. The
operasional. Pedoman tersebut juga menjadi dasar pengaturan          guidelines also serve as the foundation for regulating workplace
perilaku kerja yang bertujuan menciptakan lingkungan yang            conduct, aiming to create a safe, productive, inclusive work
aman, produktif, inklusif, serta mendukung terciptanya hubungan      environment, and to foster mutually respectful and integrity-
kerja yang saling menghormati dan berintegritas.                     driven employment relationships.


                                                        Akuntabilitas
                                                        Accountability

Penerapan di Perseroan:                                              Implementation within the Company:
Untuk memastikan terselenggaranya tata kelola yang efektif,          To ensure the effective implementation of sound corporate
Perseroan menetapkan secara tegas peran dan tanggung                 governance, the Company clearly defines the roles and
jawab setiap organ tata kelola. Pengaturan tersebut mencakup         responsibilities of each governance organ. These arrangements
penyusunan pedoman yang komprehensif bagi Dewan Komisaris,           include the establishment of comprehensive guidelines for the
Direksi, serta komite-komite pendukung. Di samping itu,              Board of Commissioners, the Board of Directors, and supporting
Perseroan secara konsisten menerapkan prinsip kehati-hatian          committees. In addition, the Company consistently applies the
dan menjaga tingkat kepatuhan yang tinggi terhadap seluruh           principle of prudence and maintains a high level of compliance
ketentuan hukum dan peraturan yang berlaku, sehingga setiap          with all applicable laws and regulations, thereby ensuring that
keputusan dan aktivitas operasional berjalan dalam koridor tata      every decision and operational activity is conducted within the
kelola yang baik.                                                    framework of good corporate governance.


                                                        Transparansi
                                                        Transparency

Penerapan di Perseroan:                                              Implementation within the Company:
Sesuai dengan ketentuan peraturan perundang-undangan                 In accordance with the applicable laws and regulations, the
yang berlaku, Perseroan berkomitmen untuk menyampaikan               Company is committed to disclosing all material and relevant
seluruh informasi material dan relevan yang dapat memengaruhi        information that may affect stakeholders’ decision-making
proses pengambilan keputusan para pemangku kepentingan.              processes. Such information is disclosed in a timely manner
Penyampaian informasi dilakukan secara tepat waktu                   through the Indonesia Stock Exchange (www.idx.co.id) and the
melalui Bursa Efek Indonesia (www.idx.co.id) serta situs web         Company’s official website (www.mpmgroup.co.id), to ensure
resmi Perseroan (www.mpmgroup.co.id), guna memastikan                transparency and ease of access for all relevant parties.
transparansi, dan kemudahan akses bagi seluruh pihak yang
membutuhkan.


                                                        Keberlanjutan
                                                        Sustainability

Penerapan di Perseroan:                                              Implementation within the Company:
Perseroan      menjalankan      kegiatan  usahanya      dengan       The Company conducts its business activities with careful
memperhatikan secara cermat konteks sosial dan lingkungan            consideration of the social and environmental context in each
di setiap wilayah operasional, sehingga seluruh aktivitas bisnis     area of operation, ensuring that all business activities are aligned
berjalan selaras dengan kondisi dan kebutuhan setempat.              with local conditions and needs. In addition, the Company
Selain itu, Perseroan tetap berkomitmen melaksanakan program         remains committed to implementing sustainable social and
tanggung jawab sosial dan lingkungan secara berkelanjutan,           environmental responsibility programs, which are designed to
yang dirancang untuk memberikan nilai jangka panjang bagi para       create long-term value for stakeholders and to make a positive
pemangku kepentingan serta memberikan kontribusi positif bagi        contribution to the community.
masyarakat.




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              Pengantar            Ikhtisar Kinerja                Laporan Manajemen          Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights          Management Report          Company Profile           Business Support Overview




      Peta Arah GCG
      GCG Roadmap

        1987                                       Pemenuhan terhadap Undang-Undang Perseroan Terbatas dalam hal pengelolaan dan
        Pendirian Perusahaan                       pengawasan Perseroan.
        Establishment of the Company               Fulfillment of Limited Liability Company Law in terms of the Company’s management and
                                                   supervision.

        2013                                       ›   Penunjukan Dewan Komisaris dan Direksi termasuk Komisaris Independen dan Direktur
        Melakukan Pencatatan Saham                     Independen;
        Perdana                                    ›   Pembentukan Komite Audit;
        Issuing Initial Public Offering            ›   Pembentukan Komite Nominasi dan Remunerasi;
                                                   ›   Pembentukan Komite Tata Kelola Perusahaan; dan
                                                   ›   Penunjukan Kepala Unit Audit Internal.
                                                   ›   Appointment of Board of Commissioners and Board of Directors, including Independent
                                                       Commissioners and Independent Directors;
                                                   ›   Establishment of Audit Committee;
                                                   ›   Establishment of Nomination and Remuneration Committee;
                                                   ›   Establishment of Good Corporate Governance Committee; and
                                                   ›   Appointment of Internal Audit Unit Head.


        2014-2016                                  ›   Penggunaan situs web resmi secara maksimal sebagai media transparansi kepada
        Pengembangan GCG                               Pemegang Saham dan pemangku kepentingan;
        GCG Development                            ›   Penyempurnaan kebijakan terkait GCG;
                                                   ›   Penyusunan dan penyempurnaan Corporate Policy Manual; dan
                                                   ›   Peningkatan sosialisasi GCG kepada seluruh lapisan organisasi.
                                                   ›   Maximizing the use of the official website as a media to improve transparency to the
                                                       Shareholders and stakeholders;
                                                   ›   Updating GCG policies;
                                                   ›   Developing and updating Corporate Policy Manual; and
                                                   ›   Increasing GCG dissemination to all levels of the organization.

        2016-2018                                  ›   Penyempurnaan implementasi GCG setiap saat; dan
        GCG sebagai Budaya Perusahaan              ›   Peningkatan atas hasil penilaian terhadap pelaksanaan GCG.
        GCG as Corporate Culture                   ›   Improving the GCG implementation at any time; and
                                                   ›   Enhancing the assessment results on GCG implementation.

        2019-2020                                  ›   Pembaruan Corporate Policy Manual Perseroan;
        Pembaruan Kelengkapan Organisasi           ›   Persiapan dan penyusunan kerangka dan kegiatan berkelanjutan dan/atau keuangan
        Perseroan dalam Rangka                         berkelanjutan; dan
        Penyempurnaan Implementasi Nilai-          ›   Persiapan dalam pemenuhan ketentuan atau peraturan secara elektronik.
        Nilai Tata Kelola Perusahaan               ›   Updating the Company’s Corporate Policy Manual;
        Updating the Company’s                     ›   Preparing and designing the sustainable framework and activities and/or sustainable
        Organizational Instruments for                 finance; and
        Better Implementation of Corporate         ›   Preparing to comply with laws and regulations electronically.
        Governance Values

        2021-2022                                  ›   Penyusunan tata kelola kegiatan-kegiatan berkelanjutan; dan
        Implementasi Nilai-Nilai Tata Kelola       ›   Penyempurnaan dan penilaian Corporate Policy Manual.
        Perusahaan yang Berkelanjutan              ›   Organizing sustainable governance activities; and
        Implementation of Sustainable              ›   Improving and assessing the Corporate Policy Manual.
        Corporate Governance Values

        2023-2025                                  ›   Peningkatan skor praktik GCG sebagai upaya berkesinambungan untuk bisnis yang
        GCG yang Berkesinambungan                      berkelanjutan; dan
        Sustainable GCG                            ›   Penerapan peraturan penggunaan sarana elektronik sebagai implementasi GCG
                                                       (e-Proxy, e-Pubex, dan e-Voting).
                                                   ›   Increasing the score of GCG practices as a continuous efforts toward a sustainable
                                                       business; and
                                                   ›   Implementing regulations on the use of electronic media as part of GCG implementation
                                                       (e-Proxy, e-Pubex, and e-Voting).




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        Management Discussion and Analysis            Corporate Governance             Environmental and Social Responsibility




Penilaian Penerapan GCG
GCG Implementation Assessment

Perseroan secara rutin mengevaluasi penerapan GCG guna                The Company regularly assesses the implementation of GCG
memastikan bahwa praktik yang dijalankan tetap efektif dan            to ensure that the practices carried out remain effective and
sesuai dengan standar yang berlaku. Proses evaluasi tersebut          in compliance with applicable standards. This assessment is
dilakukan melalui mekanisme internal maupun penilaian oleh            conducted using internal mechanisms as well as by independent
pihak independen, dengan mengacu pada berbagai standar                parties, referring to various nationally and internationally
penilaian yang diakui secara nasional maupun internasional.           recognized evaluation standards. This approach enables the
Pendekatan ini memungkinkan Perseroan memperoleh gambaran             Company to obtain an objective and comprehensive overview of
yang objektif dan menyeluruh mengenai kualitas penerapan GCG.         the quality of GCG implementation.


Pihak yang Melakukan Penilaian Penerapan                              Parties Conducting              GCG       Implementation
GCG                                                                   Assessments

Evaluasi internal dilakukan melalui mekanisme self-assessment         An internal assessment applies a self-assessment mechanism
sesuai ketentuan Peraturan OJK Nomor 21/POJK.04/2015 dan              in accordance with the provisions of OJK Regulation
Surat Edaran OJK Nomor 32/SEOJK.04/2015. Melalui penilaian            Number     21/POJK.04/2015       and    OJK   Circular   Letter
ini, Perseroan memastikan bahwa kebijakan, struktur, dan proses       Number 32/SEOJK.04/2015. Through this assessment, the
GCG telah berjalan sesuai peraturan dan mendukung efektivitas         Company ensures that GCG policies, structures, and processes
fungsi pengawasan serta pengambilan keputusan.                        have all complied with regulations and supported the
                                                                      effectiveness of supervisory and decision-making functions.


Untuk memastikan objektivitas dan memberikan perspektif               To ensure objectivity and provide a broader perspective, the
yang lebih luas, Perseroan juga melibatkan lembaga independen         Company also engages independent institutions in conducting
dalam melakukan penilaian eksternal. Indonesian Institute             external assessments. Indonesian Institute for Corporate
for Corporate Directorship (IICD) ditunjuk untuk memberikan           Directorship (IICD) was appointed to assess the Corporate
penilaian terhadap sistem dan praktik Tata Kelola Perusahaan          Governance system and practices for the 2024-2025 period
periode 2024-2025 menggunakan metode ASEAN Corporate                  using the ASEAN Corporate Governance Scorecard (ACGS)
Governance Scorecard (ACGS), yang berlandaskan prinsip-               method, which is based on governance principles from the
prinsip tata kelola dari Organization for Economic Cooperation        Organization for Economic Cooperation and Development (OECD)
and Development (OECD) dan International Corporate Governance         and the International Corporate Governance Network (ICGN).
Network (ICGN). Hasil penilaian ini menjadi dasar bagi Perseroan      The assessment results serve as the basis for the Company to
dalam meningkatkan kualitas tata kelola secara berkelanjutan.         continuously improve governance quality.


Kriteria dan Hasil Penilaian Penerapan GCG                            Criteria and Results of GCG Implementation
                                                                      Assessment

Penilaian penerapan GCG dilakukan berdasarkan sejumlah                GCG implementation is assessed based on several criteria
kriteria yang mencakup prinsip-prinsip utama tata kelola serta        encompassing key governance principles and their respective
bobot penilaiannya. Kriteria ini menjadi dasar untuk mengukur         weightings. These criteria form the basis for measuring the
efektivitas implementasi GCG Perseroan dan memastikan                 effectiveness of the Company’s GCG implementation and
keselarasan dengan standar regulasi dan praktik terbaik. Hasil        ensuring alignment with regulatory standards and best practices.
penilaian disajikan dalam tabel berikut:                              The assessment results are presented in the following table:


                                                            Bobot       Skor
             Prinsip Utama dalam Penilaian                                                 Main Principles in Assessment
                                                            Weight      Score

Tingkat 1                                                                                                                      Level 1

Hak-Hak dan Perlakuan Setara terhadap Pemegang Saham         20%        16,43        Rights and Equitable Treatment of Shareholders

Keberlanjutan dan Ketangguhan                                15%        12,95                           Sustainability and Resilience

Pengungkapan dan Transparansi                                25%        21,32                           Disclosure and Transparency

Tanggung Jawab Dewan Komisaris dan Direksi                   40%        33,65                           Responsibilities of the Board

Total Skor Tingkat 1                                               84,36                                          Level 1 Total Score



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                Pengantar          Ikhtisar Kinerja          Laporan Manajemen           Profil Perusahaan        Tinjauan Pendukung Bisnis
                Introduction       Performance Highlights    Management Report           Company Profile          Business Support Overview




                                                               Bobot       Skor
                       Prinsip Utama dalam Penilaian                                         Main Principles in Assessment
                                                               Weight      Score

      Tingkat 2                                                                                                                Level 2

      Bonus                                                       -             5                                               Bonus

      Penalti                                                     -             -6                                             Penalty

      Total Skor Tingkat 2                                        -             -1                                 Level 2 Total Score

      Skor Akhir                                                      83,36                                                Final Score

      Kinerja Tata Kelola Perusahaan                                   Baik                         Corporate Governance Performance
                                                                       Good
                                                                      Level 3



      Dengan perolehan skor akhir sebesar 83,36 poin, tingkat            With a final score of 83.36 points, the Company’s compliance
      kepatuhan Perseroan berada pada predikat “Good” atau Level         level was rated “Good” or reached Level 3 (80-89.99). This
      3 (80-89,99). Capaian ini mencerminkan bahwa praktik GCG           achievement reflects that the GCG practices implemented by the
      yang diterapkan Perseroan telah mengadopsi sebagian standar        Company have adopted certain international standards and are
      internasional dan dijalankan secara konsisten.                     applied consistently.

      Mengacu pada hasil penilaian ACGS 2024 sebagai pembanding,         Benchmarking to 2024 ACGS assessment results, the Company’s
      skor Perseroan melampaui rata-rata skor emiten kategori Big        score exceeded the average score of Big Cap issuers (the
      Cap (100 perusahaan dengan kapitalisasi pasar terbesar di          100 companies with the largest market capitalization on
      bursa), yang tercatat sebesar 82,94 poin. Hal ini menunjukkan      the exchange), which was recorded at 82.94 points. This
      posisi Perseroan yang kompetitif dan solid dalam penerapan         demonstrates the Company’s competitiveness and solid position
      GCG di antara perusahaan publik sekelasnya.                        relating to GCG implementation among public companies of
                                                                         same scale.


      Rekomendasi dan Tindak Lanjut                                      Recommendations and Follow-ups

      Hasil penilaian GCG yang dilakukan oleh IICD menunjukkan           The GCG assessment conducted by IICD highlighted several
      adanya sejumlah aspek yang dapat ditingkatkan. Atas temuan         areas with potential for improvement. Based on these findings,
      tersebut, IICD menyampaikan berbagai rekomendasi yang              IICD provided various recommendations aimed at strengthening
      ditujukan untuk memperkuat area tata kelola yang dinilai           governance areas where implementation within the Company
      penerapannya pada Perseroan masih dapat dioptimalkan.              could still be optimized. The Company has expressed its
      Perseroan menyatakan komitmennya untuk menindaklanjuti             commitment to following up on these recommendations and
      rekomendasi tersebut dan terus memperbaiki efektivitas             continuously improving the effectiveness of its GCG framework.
      kerangka GCG yang diterapkan. Langkah ini dilakukan untuk          This step was taken to ensure that governance practices
      memastikan bahwa praktik tata kelola terus berkembang              continued to evolve in line with the latest standards and
      sejalan dengan standar terbaru dan ekspektasi para pemangku        stakeholder expectations.
      kepentingan.




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         Analisis dan Pembahasan Manajemen                         Tata Kelola Perusahaan                Tanggung Jawab Sosial dan Lingkungan Hidup
         Management Discussion and Analysis                        Corporate Governance                  Environmental and Social Responsibility




Struktur Tata Kelola Perusahaan
Corporate Governance Structure


                                                         Rapat Umum Pemegang Saham
                                                         General Meeting of Shareholders




                       Dewan Komisaris
                                                                                                             Direksi
                          Board of
                                                                                                        Board of Directors
                        Commissioners




                                                                                                                                             Penanggung
                                                                                                                                            Jawab Kegiatan
     Komite                  Komite
                                                                                                                                                Usaha
   Tata Kelola            Nominasi dan                                       Unit Audit           Sekretaris         Tim Manajemen
                                                   Komite Audit                                                                              Keberlanjutan
  Perusahaan*              Remunerasi                                         Internal           Perusahaan               Risiko
                                                      Audit                                                                                    Person in
 Good Corporate          Nomination and                                    Internal Audit         Corporate         Risk Management
                                                    Committee                                                                                  Charge of
  Governance              Remuneration                                          Unit              Secretary               Team
                                                                                                                                             Sustainability
  Committee*               Committee
                                                                                                                                               Business
                                                                                                                                               Activities




Keterangan/Remarks:
             Hubungan hierarki/Hierarchical relation                                              Koordinator Pelaksana Kegiatan Usaha Keberlanjutan
             Hubungan pengawasan/Supervisory relation                                                         (Direktorat/Divisi/Entitas Anak)
             Hubungan koordinasi/Coordination relation                                         Coordinator of Executors of Sustainability Business Activities
                                                                                                            (Directorate/Division/Subsidiaries)
* Per 26 Januari 2026, Komite Tata Kelola Perusahaan resmi berubah nama menjadi Komite Tata
  Kelola Perusahaan Yang Baik dan Keberlanjutan/As of 26 January 2026, the Good Corporate
  Governance Committee was officially renamed as the Good Corporate Governance and
  Sustainability Committee




Rapat Umum Pemegang Saham
General Meeting of Shareholders


Rapat Umum Pemegang Saham (RUPS) merupakan otoritas                                   The General Meeting of Shareholders (GMS) holds the highest
tertinggi dalam tata kelola Perseroan, dengan kewenangan                              authority in the Company’s governance structure, delegated with
yang secara hukum tidak dimiliki oleh Direksi maupun Dewan                            authorities that are not legally held by the Board of Directors or
Komisaris, sesuai batas yang diatur dalam Anggaran Dasar dan                          the Board of Commissioners, within the limits stipulated in the
peraturan perundang-undangan yang berlaku. RUPS berfungsi                             Articles of Association and the prevailing laws and regulations.
sebagai forum bagi para Pemegang Saham untuk menjalankan                              The GMS serves as a forum for Shareholders to exercise their
haknya, memberikan suara, menyampaikan pendapat, dan                                  rights, cast votes, express opinions, and obtain important
memperoleh informasi penting mengenai kegiatan Perseroan.                             information regarding the Company’s activities. Through the
Melalui RUPS, Pemegang Saham dapat berpartisipasi secara                              GMS, Shareholders are able to actively participate in strategic
aktif dalam pengambilan keputusan strategis, pengawasan                               decision-making, oversee management, and ensure the
manajemen, serta memastikan akuntabilitas Perseroan.                                  Company’s accountability.


Perseroan menyelenggarakan dua jenis RUPS, yaitu RUPS                                 The Company convenes two types of GMS, namely the Annual
Tahunan dan RUPS Luar Biasa. RUPS Luar Biasa dapat digelar                            GMS and the Extraordinary GMS. The Extraordinary GMS may
kapan saja sesuai kebutuhan, dengan tetap memperhatikan                               be convened at any time as deemed necessary, subject to the
ketentuan hukum yang berlaku dan kepentingan Perseroan.                               applicable legal provisions and the interests of the Company.



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              Pengantar
               Pengantar           Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction
               Foreword            Performance Highlights       Management Report          Company Profile           BusinessSupport
                                                                                                                              SupportOverview
                                                                                                                                      Overview




      Hak dan Wewenang Pemegang Saham dalam                               Rights and Authorities of Shareholders at the
      RUPS                                                                GMS

      Para Pemegang Saham berhak untuk menghadiri RUPS                    Shareholders are entitled to attend the GMS either in person
      baik secara langsung atau diwakili oleh kuasanya yang sah.          or represented by their duly authorized proxies. Shareholders
      Pemegang Saham yang diwakili oleh kuasanya dapat mengakses          who are represented by proxies may access the Power of
      formulir Surat Kuasa yang dapat diakses di situs resmi Perseroan    Attorney form available on the Company’s official website
      (www.mpmgroup.co.id) pada saat pemanggilan RUPS.                    (www.mpmgroup.co.id) at the time of the GMS invitation.


      Sesuai dengan Anggaran Dasar dan peraturan perundang-undangan       In accordance with the Articles of Association and the prevailing
      yang berlaku, RUPS memiliki kewenangan sebagai berikut:             laws and regulations, the GMS has the authority to:
      1. menyetujui laporan tahunan dan pengesahan laporan                1. approve the annual report and ratify the supervisory report
         kegiatan pengawasan Dewan Komisaris dan laporan Direksi,             of the Board of Commissioners and the report of the Board
         serta laporan keuangan Perseroan yang telah diaudit oleh             of Directors, as well as the Company’s financial statements
         Akuntan Publik;                                                      audited by a Public Accountant;
      2. memberikan persetujuan atas usulan penggunaan laba               2. grant approval for the proposed appropriation of the
         Perseroan;                                                           Company’s profits;
      3. menunjuk atau memberikan wewenang kepada Dewan                   3. appoint or grant authority to the Board of Commissioners to
         Komisaris untuk menunjuk Akuntan Publik untuk tahun buku             appoint a Public Accountant for the relevant financial year;
         berjalan;
      4. mengangkat dan/atau memberhentikan anggota Direksi               4. appoint and/or dismiss members of the Board of Directors
         dan/atau Dewan Komisaris;                                            and/or the Board of Commissioners;
      5. menetapkan atau memberikan wewenang kepada Dewan                 5. determine or grant authority to the Board of Commissioners
         Komisaris sehubungan dengan remunerasi bagi anggota                  in relation to the remuneration of members of the Board of
         Direksi dan/atau Dewan Komisaris;                                    Directors and/or the Board of Commissioners;
      6. menyetujui setiap perubahan Anggaran Dasar;                      6. approve any amendments to the Articles of Association;
      7. menyetujui perubahan modal dasar dan/atau modal                  7. approve changes to the authorized capital and/or issued and
         ditempatkan dan disetor;                                             paid-up capital;
      8. menyetujui penggabungan, peleburan, pengambilalihan, dan         8. approve mergers, consolidations, acquisitions, and spin-offs,
         pemisahan, pengajuan permohonan pailit atas Perseroan,               the filing of a bankruptcy petition against the Company, the
         perpanjangan waktu berdirinya Perseroan, pembubaran dan              extension of the Company’s term of establishment, as well as
         likuidasi Perseroan;                                                 the dissolution and liquidation of the Company;
      9. menyetujui pengeluaran saham baru dalam portepel;                9. approve the issuance of new shares within the authorized
                                                                              capital;
      10. menyetujui usulan aksi korporasi sesuai dengan peraturan        10. approve proposed corporate actions in accordance with the
          perundang-undangan yang berlaku;                                    prevailing laws and regulations;
      11. menyetujui transaksi material sesuai dengan batas               11. approve material transactions in accordance with the
          kewenangan yang diatur dalam peraturan yang berlaku dan/            authority limits stipulated under the prevailing regulations
          atau perubahan kegiatan usaha; dan                                  and/or changes in business activities; and



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        Management Discussion and Analysis               Corporate Governance                Environmental and Social Responsibility




12. untuk transaksi yang mengandung benturan kepentingan,                12. for transactions involving conflicts of interest, approval must
    persetujuan harus diberikan oleh Pemegang Saham                          be granted by Independent Shareholders or their authorized
    Independen atau wakilnya yang diberikan kewenangan                       representatives at the GMS.
    dalam RUPS.


Penyelenggaraan RUPS                                                     GMS Implementation

Tahapan-tahapan yang dilakukan dalam penyelenggaraan RUPS                Stages in GMS implementation is explained in the diagram below:
adalah sebagai berikut:


                5 hari kerja*                                  21 hari kerja***
              5 working days*                                21 working days***




                                                                                                                           Penyampaian Risalah
  Pemberitahuan                                                                                      Pengumuman
                          Pengumuman                 Pemanggilan                                                                  RUPS
  Rencana RUPS                                                                                     Ringkasan Risalah
                              RUPS                      RUPS                      RUPS                                           ke OJK
       ke OJK                                                                                            RUPS
                               GMS                      GMS                       GMS                                         Submission of
Notice to OJK on GMS                                                                              GMS Summary Result
                          Announcement                Invitation                                                              GMS Minutes
         Plan                                                                                       Announcement
                                                                                                                                 to OJK




                                         14 hari**                                         2 hari kerja
                                         14 days**                                       2 working days

                                                                                                          30 hari**
                                                                                                          30 days**
Keterangan/Description:
* Dengan tidak memperhitungkan tanggal pengumuman RUPS/Excluding GMS announcement date
** Dengan tidak memperhitungkan tanggal pengumuman dan pemanggilan RUPS/Excluding GMS announcement date and invitation date
*** Dengan tidak memperhitungkan tanggal pemanggilan dan tanggal RUPS/Excluding invitation date and GMS date



Penyelenggaraan RUPS dapat dilakukan baik secara fisik maupun            The GMS may be conducted either physically or electronically
elektronik sebagai alternatif dengan menggunakan e-RUPS                  as an alternative by utilizing the e-GMS platform provided by
oleh Penyelenggara e-RUPS atau sistem yang disediakan oleh               an e-GMS organizer or a system made available by the Public
Perseroan Terbuka. E-RUPS atau sistem yang disediakan oleh               Company. The e-GMS or the system provided by the Public
Perusahaan Terbuka bertujuan untuk memudahkan peserta RUPS               Company is intended to facilitate GMS participants in taking part
untuk berpartisipasi dalam RUPS. Peserta dapat berpartisipasi            in the meeting. Participants may attend and interact in the GMS
dan berinteraksi di RUPS melalui audio, visual, audio visual, atau       through audio, visual, audio-visual, or other non-audio and non-
selain audio dan visual.                                                 visual means.


Perlakuan yang Setara bagi Seluruh Pemegang                              Equal Treatment of All Shareholders
Saham

Perseroan berkomitmen untuk memberikan perlakuan yang                    The Company is committed to providing fair and equitable
adil bagi seluruh Pemegang Saham. Setiap suara dihitung                  treatment to all Shareholders. Each vote is counted proportionally
secara proporsional sesuai dengan jumlah saham yang dimiliki,            according to the number of shares held, ensuring that the voting
sehingga hak suara masing-masing Pemegang Saham tercermin                rights of each Shareholder are accurately represented. In addition,
secara tepat. Selain itu, informasi penting mengenai Perseroan           material information regarding the Company is disclosed equally
disampaikan secara merata kepada seluruh Pemegang Saham,                 to all Shareholders in accordance with prevailing laws and
sesuai ketentuan peraturan perundang-undangan, untuk                     regulations, in order to uphold the principles of transparency and
mendukung prinsip transparansi dan keadilan.                             fairness.


Mekanisme Pengambilan Keputusan                                          Decision-Making Mechanism

Seluruh rangkaian proses pengambilan keputusan dalam Rapat               All decision-making processes at the Meeting are carried out
dilakukan melalui mekanisme pemungutan suara. Perhitungan                through a voting mechanism. The votes at the Meeting are
surat suara dalam Rapat berdasarkan aplikasi eASY.KSEI dan               counted using the eASY.KSEI application and also physically
juga secara fisik dilakukan oleh Biro Administrasi Efek Perseroan        done by the Company’s Share Registrar, PT Datindo Entrycom.
yaitu PT Datindo Entrycom. Pemegang Saham atau kuasanya                  Shareholders or their proxies who do not cast a vote (abstain)



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              Pengantar            Ikhtisar Kinerja           Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights     Management Report          Company Profile            Business Support Overview




      yang tidak mengeluarkan suara (abstain) dianggap memberikan       are considered to have cast the same vote as the majority vote
      suara yang sama dengan suara terbanyak dari hasil pemungutan      resulting from the voting process.
      suara.


      Pengambilan Keputusan                                             Decision Making

      1. Setiap saham memberikan hak kepada pemiliknya untuk            1. Each share entitles its holder to 1 (one) vote;
         mengeluarkan 1 (satu) suara;
      2. Setiap keputusan RUPS hanya untuk 1 (satu) perihal atau 1      2. Each resolution of the GMS applies to only 1 (one) matter or
         (satu) mata acara rapat;                                          1 (one) agenda item of the meeting;
      3. Keputusan untuk mata acara rapat diambil berdasarkan           3. Resolutions on meeting agenda items are first sought
         musyawarah untuk mufakat; dan                                     through deliberation to reach consensus; and
      4. Dalam hal keputusan berdasarkan musyawarah untuk               4. If consensus cannot be reached, resolutions shall be adopted
         mufakat tidak tercapai, maka keputusan akan diambil               through a voting mechanism.
         berdasarkan mekanisme pemungutan suara.


      Prosedur Pemungutan Suara                                         Voting Procedure

      Pemungutan suara dilakukan dengan membagikan surat                Voting is conducted by distributing ballot papers equipped with
      suara yang dilengkapi barcode dengan Pemegang Saham atau          barcodes, whereby Shareholders or their proxies who disagree
      kuasanya yang tidak setuju dan/atau abstain akan diminta untuk    and/or abstain are required to submit their ballot papers to the
      menyerahkan surat suara kepada petugas Biro Administrasi Efek     officers of the Company’s Share Registrar. Voting may also be
      Perseroan. Selain itu pemungutan suara dapat dilakukan secara     conducted electronically. Shareholders who grant their proxies
      elektronik. Bagi Pemegang Saham yang memberikan kuasanya          through the e-Proxy mechanism via the eASY.KSEI application
      dengan mekanisme e-Proxy melalui aplikasi eASY.KSEI dianggap      are deemed to have exercised their voting rights through the
      telah menggunakan hak suaranya melalui aplikasi eASY.KSEI.        eASY.KSEI application. Meanwhile, for participants who attend
      Sedangkan, bagi peserta yang hadir secara elektronik melalui      electronically through the eASY.KSEI application, the voting
      aplikasi eASY.KSEI, proses pemungutan suara akan dilakukan        process is carried out individually by each meeting participant
      masing-masing peserta rapat di aplikasi eASY.KSEI.                via the eASY.KSEI application.


      Pengajuan Pertanyaan dan/atau Pemberian                           Submission of Queries and/or Opinions by
      Pendapat dari Pemegang Saham                                      Shareholders

      Dalam setiap RUPS yang diadakan oleh Perseroan, Pemegang          At each GMS convened by the Company, Shareholders and/or
      Saham dan/atau kuasanya diberi kesempatan untuk mengajukan        their proxies are given the opportunity to submit queries and/or
      pertanyaan dan/atau memberikan pendapat terkait setiap            express opinions regarding each agenda item of the GMS, which
      mata acara RUPS untuk selanjutnya dijawab atau ditanggapi         will subsequently be answered or responded to by the Company.
      oleh Perseroan. Pemegang Saham dan/atau kuasanya dapat            Shareholders and/or their proxies may submit questions to the
      mengajukan pertanyaan kepada Perseroan melalui aplikasi           Company through the eASY.KSEI application. The question-and-
      eASY.KSEI. Selanjutnya, proses tanya jawab ini dicatat dan        answer process is recorded and documented in the Minutes of
      dituangkan dalam Berita Acara RUPS yang dibuat oleh Notaris       the GMS prepared by a Notary appointed by the Company.
      yang ditunjuk Perseroan.


      Penyelenggaraan RUPS di Tahun 2025                                GMS Implementation in 2025

      Pada tahun 2025, Perseroan menyelenggarakan satu kali RUPS,       In 2025, the Company convened 1 (one) GMS, namely the Annual
      yaitu RUPS Tahunan pada tanggal 27 Mei 2025. Berikut tahapan      GMS held on May 27, 2025. The followings are the stages of the
      penyelenggaraan RUPS Tahunan 2025 tersebut.                       implementation of the 2025 Annual GMS.


      Tahapan RUPS Tahunan 2025                                         Stages of the 2025 Annual GMS
      Pemberitahuan Rencana dan Mata Acara                              Notification of Plans and Agenda
      Disampaikan kepada OJK melalui Surat No.L.MPM/Corsec-023/         Submitted to the OJK, through Letter No.L.MPM/Corsec-023/
      IV/2025 pada tanggal 10 April 2025.                               IV/2025 on April 10, 2025.




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       Management Discussion and Analysis           Corporate Governance              Environmental and Social Responsibility




Pengumuman                                                         Announcement
Disampaikan melalui Surat No.L.MPM/Corsec-024/IV/2025              Submitted through Letter No.L.MPM/Corsec-024/IV/2025 on
pada tanggal 17 April 2025, melalui situs web Perseroan, situs     April 17, 2025 through the Company’s website, IDX's website,
web BEI, dan situs web PT Kustodian Sentral Efek Indonesia.        and PT Kustodian Sentral Efek Indonesia's website. The proof of
Penyampaian bukti iklan disampaikan kepada OJK melalui Surat       advertising was submitted to the OJK through Letter No.L.MPM/
No.L.MPM/Corsec-025/IV/2025 tanggal 21 April 2025.                 Corsec-025/IV/2025 dated April 21, 2025.

Pemanggilan                                                        Notice
Disampaikan melalui Surat No.L.MPM/Corsec-032/V/2025               Submitted through Letter No.L.MPM/Corsec-032/V/2025 on
pada tanggal 5 Mei 2025, melalui situs web Perseroan, situs        May 5, 2025, through the Company’s website, IDX's website,
web BEI, dan situs web PT Kustodian Sentral Efek Indonesia.        and PT Kustodian Sentral Efek Indonesia’s website. The proof of
Penyampaian bukti iklan disampaikan kepada OJK melalui Surat       advertising was submitted to the OJK through Letter No.L.MPM/
No.L.MPM/Corsec-033/V/2025 tanggal 6 Mei 2025.                     Corsec-033/V/2025 dated May 6, 2025.

Pelaksanaan                                                        Implementation
Dilaksanakan secara fisik pada tanggal 27 Mei 2025 di Lippo        Held offline on May 27, 2025, at Lippo Kuningan 26th floor, Jl.
Kuningan Lt. 26, Jl. HR Rasuna Said Kav. B-12, Karet Kuningan,     HR Rasuna Said Kav. B-12, Karet Kuningan, South Jakarta.
Jakarta Selatan. Sementara pelaksanaan secara elektronik           Electronic (e-GMS) method was conducted using AKSes.KSEI
(e-RUPS) menggunakan fasilitas video konferensi AKSes.KSEI         video conference facility and eASY.KSEI application, provided by
dan aplikasi eASY.KSEI yang disediakan oleh PT Kustodian           PT Kustodian Sentral Efek Indonesia in compliance with the OJK
Sentral Efek Indonesia dengan memenuhi ketentuan Peraturan         Regulations concerning GMS.
OJK terkait RUPS.

Ringkasan Risalah                                                  Summary of Minutes
Disampaikan melalui Surat No.L.MPM/Corsec-042/V/2025               Submitted through Letter No.L.MPM/Corsec-042/V/2025 on
pada tanggal 28 Mei 2025, melalui situs web Perseroan, situs       May 28, 2025, through the Company’s website, IDX's website,
web BEI, dan situs web PT Kustodian Sentral Efek Indonesia.        and PT Kustodian Sentral Efek Indonesia’s website. The proof of
Penyampaian bukti iklan disampaikan kepada OJK melalui Surat       advertising was submitted to the OJK through Letter No. L.MPM/
No.L.MPM/Corsec-044/VI/2025 tanggal 2 Juni 2025.                   Corsec-044/VI/2025 dated June 2, 2025.

Penyampaian Risalah                                                Submission of Minutes
Disampaikan kepada OJK melalui Surat No.L.MPM/Corsec-049/          Submitted to the OJK through Letter No.L.MPM/Corsec-049/
VI/2025 pada tanggal 24 Juni 2025. Risalah Rapat juga              VI/2025 on June 24, 2025. The minutes of the Meeting are also
disampaikan dalam situs web Perseroan.                             published on the Company’s website.


Tingkat Kehadiran RUPS Tahunan 2025                                 Attendance Rate at 2025 AGMS


                                        Kehadiran Anggota Dewan Komisaris dan Direksi
                             The Attendance Rates of Board of Commissioners and Board of Directors
                    Dewan Komisaris                                                         Direksi
                 Board of Commissioners                                                Board of Directors

Edwin Soeryadjaya        Komisaris Utama                   Suwito Mawarwati                     Direktur Utama
                         President Commissioner                                                 President Director

Tossin Himawan           Komisaris                         Beatrice Kartika                     Direktur
                         Commissioner                                                           Director

Danny Walla              Komisaris                         Kemal Mawira                         Direktur
                         Commissioner                                                           Director

Benny Redjo Setyono      Komisaris Independen
                         Independent Commissioner



Kehadiran Pemegang Saham                                            Shareholders’ Attendance
RUPS Tahunan dihadiri oleh pemegang saham atau kuasa                The Annual GMS was attended by the shareholders or their
pemegang saham sejumlah 3.377.695.801 saham yang memiliki           proxies in total of 3,377,695,801 shares with valid voting rights
hak suara yang sah atau setara dengan 77,1194468% dari jumlah       or equivalent to 77.1194468% of the total shares with valid voting
seluruh saham yang telah dikeluarkan oleh Perseroan.                rights issued by the Company.


Penunjukan Pihak Independen                                         Appointment of Independent Parties
Perseroan telah menunjuk pihak independen yaitu Jose Dima           The Company appointed independent parties, i.e. Jose Dima
Satria, S.H., M.Kn. selaku Notaris Publik dan PT Datindo            Satria, S.H., M.Kn. as Public Notary and PT Datindo Entrycom as
Entrycom selaku Biro Administrasi Efek untuk melakukan proses       a Share Registrar to count votes and/or validate them.
penghitungan suara dan/atau melakukan validasi.




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              Introduction         Performance Highlights        Management Report          Company Profile            Business Support Overview




      Pimpinan Rapat                                                       Chairman of the Meeting

      RUPS Tahunan dipimpin oleh Tossin Himawan selaku Komisaris           The Annual GMS was chaired by Tossin Himawan as
      Perseroan berdasarkan hasil Keputusan Dewan Komisaris                Commissioner of the Company based on the results of the Board
      Perseroan tanggal 21 April 2025.                                     of Commissioners’ Decision dated April 21, 2025.


      Mekanisme Pengambilan Keputusan                                      Mechanism to Make Resolutions

      Keputusan RUPS Tahunan diambil berdasarkan musyawarah                The Annual GMS’s resolutions are prepared based on deliberation
      untuk mufakat. Dalam hal Keputusan berdasarkan musyawarah            for consensus. In the event the deliberation for consensus fails
      untuk mufakat tidak tercapai, keputusan adalah sah jika disetujui    to reach, the resolutions shall be effective if it is approved by
      lebih dari 1/2 (satu per dua) bagian dari jumlah seluruh saham       more than 1/2 (half) of the total shares with valid voting rights
      dengan hak suara yang sah yang hadir dan/atau diwakili dalam         present and/or represented at the Meeting (quorum of resolution
      Rapat (kuorum pengambilan keputusan). Namun, khusus untuk            making). However, for sixth agenda in particular, the resolution
      mata acara keenam, keputusan adalah sah jika disetujui lebih         becomes effective if approved by more than 2/3 (two third) of
      dari 2/3 (dua per tiga) bagian dari jumlah seluruh saham dengan      the total shares issued by the Company with valid voting rights
      hak suara yang sah yang hadir dan/atau diwakili dalam Rapat.         present and/or represented at the Meeting.


      Jumlah Pertanyaan/Opini                                              Total Questions/Opinions

      Dalam setiap pembahasan mata acara Rapat, Perseroan                  In each discussion of Meeting agenda, the Company provided
      telah memberikan kesempatan kepada Pemegang Saham                    the Shareholders or their proxies an opportunity to ask questions
      atau kuasanya untuk dapat mengajukan pertanyaan dan/atau             and/or provided opinions regarding the discussion of each
      pendapat terkait pembahasan setiap mata acara Rapat.                 Meeting agenda.


      Pada mata acara Rapat pertama, terdapat 2 (dua) pertanyaan           Upon the first Meeting agenda, there were 2 (two) questions
      dari 2 (dua) Pemegang Saham yang hadir. Pertanyaan yang              raised by 2 (two) Shareholders present. The Company’s Board of
      diajukan untuk mata acara pertama telah diberikan tanggapan          Directors had given the answer to the question asked upon the
      oleh Direksi Perseroan.                                              first agenda.


      Keputusan RUPS Tahunan 2025                                          Resolutions of the 2025 Annual GMS

      Mata Acara Pertama/First Agenda:
      Persetujuan Laporan Tahunan Perseroan termasuk Laporan Tugas Pengawasan Dewan Komisaris serta Pengesahan Laporan
      Keuangan Perseroan untuk Tahun Buku yang berakhir pada tanggal 31 Desember 2024.
      Approval on the Annual Report of the Company including the Supervisory Duties Report of the Board of Commissioners as well as
      Ratification of the Financial Statements of the Company for the Financial Year Ended on 31 December 2024.

      Keputusan Rapat                                                      Meeting Resolutions

      1. Menyetujui Laporan Tahunan Perseroan untuk tahun buku             1. To approve the Annual Report of the Company for the financial
         yang berakhir pada tanggal 31 Desember 2024 termasuk                 year ended on 31 December 2024 including the Supervisory
         Laporan Tugas Pengawasan Dewan Komisaris, serta                      Duties Report of the Board of Commissioners, as well as to
         mengesahkan Laporan Keuangan Konsolidasian Perseroan                 ratify the Consolidated Financial Statements of the Company
         untuk tahun buku yang berakhir pada tanggal 31 Desember              for the financial year ended on 31 December 2024, which
         2024, yang telah diaudit oleh Kantor Akuntan Publik Siddharta        have been audited by the Public Accounting Firm Siddharta
         Widjaja & Rekan dalam Laporan Auditor Independen Nomor               Widjaja & Rekan in the Independent Auditor Report Number
         00105/2.1005/AU.1/05/1212-2/1/III/2025 tanggal 24 Maret              00105/2.1005/AU.1/05/1212-2/1/III/2025 dated 24 March
         2025, dengan opini tanpa modifikasian.                               2025, with unmodified opinion.

      2. Memberikan pembebasan dan pelunasan tanggung jawab                2. To grant release and discharge (volledig acquit et decharge)
         sepenuhnya (volledig acquit et decharge) kepada anggota              to the members of the Board of Commissioners and the
         Dewan Komisaris dan Direksi Perseroan atas tindakan                  Board of Directors of the Company for the management and
         pengurusan dan pengawasan yang dilakukan dalam                       supervision performed in the financial year 2024, provided
         tahun buku 2024, sepanjang tindakan kepengurusan dan                 that the management and supervision actions were reflected
         pengawasan tersebut tercermin dalam Laporan Tahunan                  in the Annual Report and Consolidated Financial Statements
         Perseroan dan Laporan Keuangan Konsolidasian Perseroan               of the Company for the financial year ended 31 December
         untuk tahun buku yang berakhir pada tanggal 31 Desember              2024 and they are not classified as criminal acts or violation
         2024 tersebut dan bukan merupakan tindak pidana atau                 of the prevailing regulations.
         pelanggaran terhadap peraturan perundang-undangan yang
         berlaku.




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       Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Realisasi                                                           Realization
Telah direalisasikan sepenuhnya.                                    Has been fully realized.

Hasil Pemungutan Suara                                              Voting Results

                                                                       Setuju        : 3.346.850.648 saham (99,0867990%)
                                                                       Agree         : 3,346,850,648 shares (99.0867990%)

                                                                       Abstain       : 30.281.453 saham (0,8965121%)
                                                                       Abstain       : 30,281,453 shares (0.8965121%)

                                                                       Tidak Setuju : 563.700 saham (0,0166889%)
                                                                       Disagree     : 563,700 shares (0.0166889%)



Mata Acara Kedua/Second Agenda:
Penetapan Penggunaan Laba Perseroan untuk Tahun Buku yang berakhir pada tanggal 31 Desember 2024.
Allocation of the Company’s Net Profit for the Financial Year Ended on 31 December 2024.

Keputusan Rapat                                                     Meeting Resolutions

1. Menyetujui dan menetapkan Penggunaan Laba Tahun                  1. To approve and determine the Usage of Profit for the Year
   Berjalan yang dapat Diatribusikan kepada Pemilik                    Attributable to the Owners of the Company for the financial
   Entitas Induk Perseroan tahun buku 2024 sebesar                     year 2024, in the amount of Rp582,472,018,916 (five hundred
   Rp582.472.018.916,- (lima ratus delapan puluh dua miliar            eighty-two billion four hundred seventy-two million eighteen
   empat ratus tujuh puluh dua juta delapan belas ribu sembilan        thousand nine hundred and sixteen rupiah), to:
   ratus enam belas rupiah), untuk:
   a. menambah jumlah cadangan wajib Perseroan, yaitu                  a. increase the amount of the Company’s mandatory
      sebesar Rp10.000.000.000 (sepuluh miliar rupiah);                   reserves, in the amount of Rp10,000,000,000 (ten billion
                                                                          rupiah);
   b. dibagikan sebagai dividen tunai, yaitu sebesar Rp120             b. to be distributed as cash dividend, in the amount of Rp120
      (seratus dua puluh rupiah) per lembar saham, sesuai                 (one hundred twenty rupiah) per share, in accordance with
      dengan ketentuan yang berlaku;                                      the prevailing regulations;
   c. sisanya menjadi cadangan lainnya Perseroan sesuai                c. the remaining amount shall be the Company’s other
      dengan ketentuan dalam Anggaran Dasar dan peraturan                 reserves in accordance with the provisions in the Article of
      yang berlaku.                                                       Association and the prevailing regulations.
2. Memberikan kuasa dan wewenang kepada Direksi Perseroan,          2. To grant the power and authority to the Board of Directors
   dengan hak substitusi, untuk menetapkan hal-hal yang                of the Company, with substitution rights, to determine all
   berkaitan dengan pelaksanaan pembayaran dividen tunai,              matters related to the implementation of the cash dividend
   termasuk namun tidak terbatas pada menetapkan jadwal                payment, including but not limited to determine the schedule
   dan tata cara pembayaran serta melakukan hal-hal lain yang          and procedures of payment and to take other actions deemed
   dianggap perlu untuk melaksanakan maksud dan tujuan                 necessary to carry out these objectives and purposes.
   tersebut di atas.

Realisasi                                                           Realization
Telah direalisasikan sepenuhnya.                                    Has been fully realized.

Hasil Pemungutan Suara                                              Voting Results

                                                                       Setuju        : 3.361.324.393 saham (99,5153084%)
                                                                       Agree         : 3,361,324,393 shares (99.5153084%)

                                                                       Abstain       : 14.673.900 saham (0,4344352%)
                                                                       Abstain       : 14,673,900 shares (0.4344352%)

                                                                       Tidak Setuju : 1.697.508 saham (0,0502564%)
                                                                       Disagree     : 1,697,508 shares (0.0502564%)



Mata Acara Ketiga/Third Agenda:
Penunjukan Kantor Akuntan Publik dan/atau Akuntan Publik untuk melakukan audit terhadap Laporan Keuangan Perseroan yang
berakhir pada tanggal 31 Desember 2025.
Appointment of Public Accounting Firm and/or Public Accountant to perform audit on the Company’s Financial Statements for the
Financial Year Ended on 31 December 2025.




                                                                                                         PT Mitra Pinasthika Mustika Tbk
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              Pengantar            Ikhtisar Kinerja             Laporan Manajemen            Profil Perusahaan        Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights       Management Report            Company Profile          Business Support Overview




      Keputusan Rapat                                                     Meeting Resolutions

      Menyetujui pendelegasian kewenangan dari Rapat Umum                 To approve the delegation of authority from the General Meeting
      Pemegang Saham kepada Dewan Komisaris, dengan                       of Shareholders to the Board of Commissioners, by considering
      memperhatikan rekomendasi dari Komite Audit, untuk:                 the recommendations made by the Audit Committee:
      1. menunjuk Kantor Akuntan Publik dan/atau Akuntan Publik,          1. to appoint a Public Accounting Firm and/or Public Accountant,
         untuk mengaudit Laporan Keuangan Perseroan tahun buku               to audit the Company's Financial Statements for financial
         2025, termasuk namun tidak terbatas untuk melakukan                 year 2025, including but not limited to the following criteria:
         seleksi dengan kriteria-kriteria antara lain sebagai berikut:
         a. imbalan jasa yang kompetitif dan wajar;                          a. reasonable and competitive fee for the services rendered;
         b. ruang lingkup jasa audit;                                        b. scope of audit services;
         c. independensi, kredibilitas dan pengalaman Kantor                 c. independency, credibility and experience of the Public
             Akuntan Publik dan/atau Akuntan Publik;                            Accounting Firm and/or Public Accountant;
         d. rekomendasi dari Komite Audit mengenai Kantor Akuntan            d. recommendation from Audit Committee regarding the
             Publik dan/atau Akuntan Publik untuk jasa audit tahun              Public Accounting Firm and/or Public Accountant for the
             buku 2025; dan                                                     audit service financial year 2025; and
         e. tidak bertentangan dengan peraturan perundang-                   e. does not conflict with applicable laws and regulations.
             undangan yang berlaku.
      2. menunjuk Kantor Akuntan Publik dan/atau Akuntan Publik           2. to appoint another Public Accounting Firm and/or Public
         lain sebagai pengganti apabila Kantor Akuntan Publik dan/           Accountant as a replacement in case that the appointed Public
         atau Akuntan Publik yang ditunjuk, karena alasan apapun             Accounting Firm and/or Public Accountant, for whatever
         juga, tidak dapat melaksanakan atau menyelesaikan                   reason, is unable to perform or complete their duties;
         tugasnya;
      3. menetapkan besarnya honorarium dan persyaratan                   3. to determine the amount of fees and any appointment
         penunjukan lainnya untuk Kantor Akuntan Publik dan/atau             requirements for the Public Accounting Firm and/or Public
         Akuntan Publik atau penggantinya (apabila ada).                     Accountant or its replacement (if any).

      Realisasi                                                           Realization
      Telah direalisasikan sepenuhnya.                                    Has been fully realized.

      Hasil Pemungutan Suara                                              Voting Results

                                                                             Setuju        : 3.279.970.288 saham (97,1067403%)
                                                                             Agree         : 3,279,970,288 shares (97.1067403%)

                                                                             Abstain       : 14.741.400 saham (0,4364336%)
                                                                             Abstain       : 14,741,400 shares (0.4364336%)

                                                                             Tidak Setuju : 82.984.113 saham (2,4568261%)
                                                                             Disagree     : 82,984,113 shares (2.4568261%)



      Mata Acara Keempat/Fourth Agenda:
      Penetapan gaji atau honorarium dan tunjangan lainnya bagi anggota Direksi dan Dewan Komisaris.
      The determination on the remuneration or honorarium and other allowances for the Board of Directors and the Board of Commissioners.

      Keputusan Rapat                                                     Meeting Resolutions

      Menyetujui pendelegasian kewenangan dan kuasa dari Rapat            To approve the delegation of power and authority from the
      Umum Pemegang Saham kepada Dewan Komisaris Perseroan,               Company's General Meeting of Shareholders to the Company's
      untuk menetapkan besarnya gaji atau honorarium dan tunjangan        Board of Commissioners, to determine the amount of
      lainnya yang diterima Direksi dan Dewan Komisaris Perseroan         remuneration or honorarium and other allowances received by
      pada tahun buku 2025, dengan mempertimbangkan antara lain           the Board of Directors and the Board of Commissioners of the
      rekomendasi dari Komite Nominasi dan Remunerasi Perseroan.          Company for the financial year 2025, by considering among
                                                                          others, recommendations from the Company's Nomination and
                                                                          Remuneration Committee.

      Realisasi                                                           Realization
      Telah direalisasikan sepenuhnya.                                    Has been fully realized.

      Hasil Pemungutan Suara                                              Voting Results

                                                                             Setuju        : 3.343.682.688 saham (98,9930084%)
                                                                             Agree         : 3,343,682,688 shares (98.9930084%)

                                                                             Abstain       : 15.162.000 saham (0,4488859%)
                                                                             Abstain       : 15,162,000 shares (0.4488859%)

                                                                             Tidak Setuju : 18.851.113 saham (0,5581057%)
                                                                             Disagree     : 18,851,113 shares (0.5581057%)




      PT Mitra Pinasthika Mustika Tbk
134   Laporan Tahunan 2025
Page 137
       Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Mata Acara Kelima/Fifth Agenda:
Laporan Pengalihan atas Hasil Pembelian Kembali Saham atau Saham Treasuri Perseroan dengan Cara Pelaksanaan Program
Insentif Jangka Panjang Perseroan.
Report on the Transfer of Yields of Share Buyback or Treasury Shares of the Company by Implementing the Company’s Long Term
Incentive Program.

Keputusan Rapat                                                     Meeting Resolutions

Mata acara ini hanya bersifat pelaporan kepada pemegang             This agenda is for reporting purpose only to the shareholders.
saham.



Mata Acara Keenam/Sixth Agenda:
Persetujuan atas Penurunan Modal Ditempatkan dan Disetor Perseroan dengan Cara Penarikan Kembali Saham Tresuri Perseroan.
Approval of the Decrease in the Issued and Paid-up Capital of the Company through the Withdrawal of the Company’s Treasury
Shares.

Keputusan Rapat                                                     Meeting Resolutions

1. Menyetujui pengalihan sebagian saham hasil pembelian             1. To approve the transfer of a portion of the shares buyback
   kembali (saham tresuri) dengan cara ditarik kembali melalui         (treasury shares) through withdrawal by reducing the
   pengurangan modal ditempatkan dan disetor Perseroan,                Company's issued and paid-up capital, amounting to
   yaitu sebanyak 76.000.000 (tujuh puluh enam juta) lembar            76.000.000 (seventy six million) shares.
   saham.
2. Sehubungan dengan hal tersebut di atas, maka menyetujui          2. In connection with the above, therefore approve the
   perubahan Pasal 4 ayat 2 Anggaran Dasar Perseroan                   amendment of Article 4 paragraph 2 Article of Association
   sehubungan dengan perubahan modal ditempatkan dan                   of the Company, regarding the change in the Company's
   disetor Perseroan, yang sebelumnya sebesar 4.462.963.276            issued and paid-up capital, which was previously amounted
   (empat miliar empat ratus enam puluh dua juta sembilan              4,462,963,276 (four billion four hundred sixty-two million
   ratus enam puluh tiga ribu dua ratus tujuh puluh enam)              nine hundred sixty-three thousand two hundred seventy-
   lembar saham atau senilai dengan Rp2.231.481.638.000 (dua           six) shares or at nominal value Rp2,231,481,638,000 (two
   triliun dua ratus tiga puluh satu miliar empat ratus delapan        trillion two hundred thirty-one billion four hundred eighty-one
   puluh satu juta enam ratus tiga puluh delapan ribu rupiah)          million six hundred thirty-eight thousand rupiah) to become
   menjadi sebesar 4.386.963.276 (empat miliar tiga ratus              4,386,963,276 (four billion three hundred eighty-six million
   delapan puluh enam juta sembilan ratus enam puluh tiga              nine hundred sixty-three thousand two hundred seventy-six)
   ribu dua ratus tujuh puluh enam) lembar saham atau senilai          shares or at nominal value Rp2,193,481,638,000 (two trillion
   dengan Rp2.193.481.638.000 (dua triliun seratus sembilan            one hundred ninety-three billion four hundred eighty-one
   puluh tiga miliar empat ratus delapan puluh satu juta enam          million six hundred thirty-eight thousand rupiah).
   ratus tiga puluh delapan ribu rupiah).
3. Menunjuk dan memberi kuasa dengan hak substitusi                 3. To appoint and grant power of authority with the right of
   kepada Direksi Perseroan untuk melakukan segala tindakan            substitution to the Board of Directors of the Company to
   yang berhubungan dengan keputusan mata acara keenam                 take all actions related to the resolutions of sixth agenda
   Rapat Umum Pemegang Saham ini, termasuk namun tidak                 of General Meeting of Shareholders, including but not
   terbatas untuk menghadap pihak berwenang, mengadakan                limited to appear before the authorities, hold talks, give
   pembicaraan, memberi dan/atau menyatakan kembali,                   and/or restate, request information, submit applications for
   meminta keterangan, mengajukan permohonan persetujuan               approval and/or notification of changes to the Company's
   dan/atau pemberitahuan atas perubahan Anggaran Dasar                Articles of Association to the Minister of Law of the Republic
   Perseroan kepada Menteri Hukum Republik Indonesia                   of Indonesia and other relevant authorities, to make or sign
   maupun instansi berwenang terkait lainnya, membuat atau             deeds and letters and other documents that are necessary
   serta menandatangani akta-akta dan surat-surat maupun               or deemed necessary, to appear before a Notary to make and
   dokumen-dokumen lainnya yang diperlukan atau dianggap               sign a deed of statement of the Company's General Meeting
   perlu, hadir di hadapan Notaris untuk dibuatkan dan                 of Shareholders resolutions and carried out other matters
   menandatangani akta pernyataan keputusan Rapat Umum                 that must be and/or can be implemented in connection with
   Pemegang Saham Perseroan dan melaksanakan hal-hal lain              the General Meeting of Shareholders resolutions.
   yang harus dan/atau dapat dijalankan sehubungan dengan
   pelaksanaan keputusan Rapat Umum Pemegang Saham.

Realisasi                                                           Realization
Telah direalisasikan sepenuhnya.                                    Has been fully realized.

Hasil Pemungutan Suara                                              Voting Results

                                                                       Setuju        : 3.280.528.859 saham (97,1232773%)
                                                                       Agree         : 3,280,528,859 shares (97.1232773%)

                                                                       Abstain       : 15.097.600 saham (0,4469793%)
                                                                       Abstain       : 15,097,600 shares (0.4469793%)

                                                                       Tidak Setuju : 82.069.342 saham (2,4297434%)
                                                                       Disagree     : 82,069,342 shares (2.4297434%)



                                                                                                         PT Mitra Pinasthika Mustika Tbk
                                                                                                                     2025 Annual Report    135
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              Pengantar            Ikhtisar Kinerja                Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights          Management Report            Company Profile           Business Support Overview




      Hasil Keputusan RUPS di Tahun 2024                                      Resolutions of 2024 GMS

      Seluruh Keputusan RUPS Tahunan pada tanggal 29 Mei 2024                 Annual GMS resolutions taken on May 29, 2024 were all realized
      telah direalisasikan sepenuhnya pada tahun 2024. Berikut adalah         in 2024. The agenda and resolutions of the Annual GMS are as
      mata acara dan hasil keputusan RUPS Tahunan tersebut:                   follows:


                        Mata Acara                                                          Keputusan
                         Agenda                                                             Resolutions

      Persetujuan Laporan Tahunan Perseroan             1. Menyetujui Laporan Tahunan Perseroan termasuk Laporan Tugas Pengawasan
      termasuk Laporan Tugas Pengawasan                    Dewan Komisaris, serta mengesahkan Laporan Keuangan Konsolidasian Perseroan
      Dewan Komisaris serta Pengesahan                     untuk tahun buku yang berakhir pada tanggal 31 Desember 2023, yang telah diaudit
      Laporan Keuangan Perseroan untuk                     oleh Kantor Akuntan Publik Siddharta Widjaja & Rekan dalam Laporan Auditor
      Tahun Buku yang berakhir pada tanggal 31             Independen No. 00132/2.1005/AU.1/05/1212-1/1/III/2024 tanggal 27 Maret 2024,
      Desember 2023.                                       dengan opini tanpa modifikasian.
      Approval for the Annual Report of the             2. Memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (volledig
      Company including the Report on                      acquit et de charge) kepada anggota Dewan Komisaris dan Direksi Perseroan atas
      Supervisory Duties of the Board of                   Tindakan pengurusan dan pengawasan yang dilakukan dalam tahun buku 2023,
      Commissioners as well as Ratification of             sepanjang tindakan kepengurusan dan pengawasan tersebut tercermin dalam
      the Financial Statements of the Company              Laporan Tahunan Perseroan dan Laporan Keuangan Konsolidasian Perseroan
      for the Financial Year Ended on 31                   untuk tahun buku yang berakhir pada tanggal 31 Desember 2023 tersebut dan
      December 2023.                                       bukan merupakan tindak pidana atau pelanggaran terhadap peraturan perundang-
                                                           undangan yang berlaku.

                                                        1. To approve the Annual Report of the Company, including the Report on Supervisory
                                                           Duties of the Board of Commissioners, as well as to ratify the Consolidated Financial
                                                           Statements of the Company for the financial year ended on 31 December 2023,
                                                           which were audited by the Public Accounting Firm Siddharta Widjaja & Rekan as
                                                           outlined in the Independent Auditor’s Report No. 00132/2.1005/AU.1/05/1212-1/1/
                                                           III/2024 dated March 27, 2024, with the unmodified opinion.
                                                        2. To grant release and discharge (volledig acquit et de charge) to the members of
                                                           the Board of Commissioners and the Board of Directors of the Company for the
                                                           management and supervision performed in the financial year 2023, as long as the
                                                           management and supervision actions were reflected in the Annual Report and
                                                           Consolidated Financial Statements of the Company for the financial year ended
                                                           on 31 December 2023 and were not classified as criminal acts or violation of the
                                                           prevailing regulations.

      Penetapan Penggunaan Laba Perseroan               1. Menyetujui dan menetapkan Penggunaan Laba Tahun Berjalan yang dapat
      untuk Tahun Buku yang berakhir pada                  diatribusikan kepada Pemilik Entitas Induk Perseroan tahun buku 2023 untuk:
      tanggal 31 Desember 2023.                            a. menambah jumlah cadangan wajib Perseroan, yaitu sebesar Rp10.000.000.000
      Allocation of the Company’s Net Profit for              (sepuluh miliar rupiah);
      the Financial Year Ended on 31 December              b. dibagikan sebagai dividen tunai, yaitu sebesar Rp115 (seratus lima belas rupiah)
      2023.                                                   per lembar saham, sesuai dengan ketentuan yang berlaku;
                                                           c. sisanya menjadi cadangan lainnya Perseroan sesuai dengan ketentuan dalam
                                                              Anggaran Dasar dan peraturan yang berlaku.
                                                        2. Memberikan kuasa dan wewenang kepada Direksi Perseroan, dengan hak substitusi,
                                                           untuk menetapkan hal-hal yang berkaitan dengan pelaksanaan pembayaran
                                                           dividen tunai, termasuk namun tidak terbatas pada menetapkan jadwal dan
                                                           tata cara pembayaran serta melakukan hal-hal lain yang dianggap perlu untuk
                                                           melaksanakan maksud dan tujuan tersebut di atas.

                                                        1. To approve and determine the Use of Profit for the current Year Attributable to the
                                                           Owners of the Company for the financial year 2023, to:
                                                           a. increase the amount of the Company’s mandatory reserves, in the amount of
                                                              Rp10,000,000,000 (ten billion rupiah);
                                                           b. to be distributed as cash dividend, in the amount of Rp115 (one hundred and
                                                              fifteen rupiah) per share, in accordance with the prevailing regulations;
                                                           c. the remaining amount shall be the Company’s other reserves in accordance with
                                                              the provisions in the Article of Association and the prevailing regulations.
                                                        2. To grant the power and authority to the Board of Directors of the Company, with
                                                           substitution rights, to determine all the matters relating to the implementation of
                                                           the cash dividend payment, including but not limited to determine the schedule and
                                                           payment procedure and to undertake other matters deemed necessary to carry out
                                                           these objectives and purposes.




      PT Mitra Pinasthika Mustika Tbk
136   Laporan Tahunan 2025
Page 139
       Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis           Corporate Governance              Environmental and Social Responsibility




                Mata Acara                                                        Keputusan
                 Agenda                                                           Resolutions

Penunjukan Kantor Akuntan Publik dan/         Menyetujui pendelegasian kewenangan dari Rapat Umum Pemegang Saham kepada
atau Akuntan Publik untuk melakukan           Dewan Komisaris, dengan memperhatikan rekomendasi dari Komite Audit, untuk:
audit   terhadap   Laporan    Keuangan        1. menunjuk Kantor Akuntan Publik dan/atau Akuntan Publik untuk mengaudit
Perseroan yang berakhir pada tanggal 31          Laporan Keuangan Perseroan tahun buku 2024, termasuk namun tidak terbatas
Desember 2024.                                   untuk melakukan seleksi dengan kriteria-kriteria antara lain sebagai berikut:
Appointment of Public Accounting Firm            a. imbalan jasa yang kompetitif dan wajar;
and/or Public Accountant to perform audit        b. ruang lingkup jasa audit;
on the Company’s Financial Statements for        c. independensi, kredibilitas dan pengalaman Kantor Akuntan Publik dan/atau
the Financial Year Ended on 31 December              Akuntan Publik;
2024.                                            d. rekomendasi dari Komite Audit mengenai Kantor Akuntan Publik dan/atau
                                                     Akuntan Publik untuk jasa audit tahun buku 2024; dan
                                                 e. tidak bertentangan dengan peraturan perundang-undangan yang berlaku.
                                              2. menunjuk Kantor Akuntan Publik dan/atau Akuntan Publik lain sebagai pengganti
                                                 apabila Kantor Akuntan Publik dan/atau Akuntan Publik yang ditunjuk, karena
                                                 alasan apapun tidak dapat melaksanakan atau menyelesaikan tugasnya;
                                              3. menetapkan besarnya honorarium dan persyaratan penunjukan lainnya untuk
                                                 Kantor Akuntan Publik dan/atau penggantinya (apabila ada).

                                              To approve the delegation of authority from the General Meeting of Shareholders to
                                              the Board of Commissioners, by considering the recommendations made by the Audit
                                              Committee:
                                              1. to appoint a Public Accounting Firm and/or Public Accountant to audit the
                                                  Company’s Financial Statements for financial year 2024, including but not limited
                                                  to the following criteria:
                                                  a. reasonable and competitive fee for the services rendered;
                                                  b. scope of audit services;
                                                  c. independency, credibility and experience of the Public Accounting Firm and/or
                                                       Public Accountant;
                                                  d. recommendation from Audit Committee regarding the Public Accounting Firm
                                                       and/or Public Accountant for providing the audit service financial year 2024;
                                                       and
                                                  e. does not conflict with applicable laws and regulations.
                                              2. to appoint another Public Accountant Firm and/or Public Accountant to replace
                                                  the appointed Public Accounting Firm and/or Public Accountant if, for any reason,
                                                  appointed Public Accounting Firm and/or Public Accountant is unable to perform
                                                  or complete their duties;
                                              3. to determine the amount of fees and the requirements regarding to the appointment
                                                  of the Public Accounting Firm and/or its replacement (if any).

Penetapan gaji atau honorarium dan            Menyetujui pendelegasian kewenangan dan kuasa dari Rapat Umum Pemegang Saham
tunjangan lainnya bagi anggota Direksi        kepada Dewan Komisaris Perseroan, untuk menetapkan besarnya gaji atau honorarium
dan Dewan Komisaris.                          dan tunjangan lainnya yang diterima Direksi dan Dewan Komisaris Perseroan pada
Determination of salary or honorarium and     tahun buku 2024, dengan mempertimbangkan antara lain rekomendasi dari Komite
other allowances for the Board of Directors   Nominasi dan Remunerasi Perseroan.
and Board of Commissioners.                   To approve the delegation of power and authority from the Company's General Meeting
                                              of Shareholders to the Company's Board of Commissioners, to determine the amount
                                              of salary or remuneration and other benefits received by the Board of Directors and the
                                              Board of Commissioners of the Company for the financial year 2024, by considering
                                              among others, recommendations from the Company's Nomination and Remuneration
                                              Committee.




                                                                                                        PT Mitra Pinasthika Mustika Tbk
                                                                                                                    2025 Annual Report    137
Page 140
              Pengantar            Ikhtisar Kinerja                Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights          Management Report            Company Profile           Business Support Overview




                        Mata Acara                                                          Keputusan
                         Agenda                                                             Resolutions

      Pembahasan Studi Kelayakan tentang                Mata acara ini hanya bersifat pelaporan kepada pemegang saham.
      penambahan bidang usaha Perseroan                 This agenda is for reporting purpose only to the shareholders.
      dan Perusahaan Terkendali Perseroan
      yaitu PT Mitra Pinasthika Mulia untuk
      memenuhi persyaratan dan ketentuan
      Peraturan Otoritas Jasa Keuangan No. 17/
      POJK.04/2020 tentang Transaksi Material
      dan Perubahan Kegiatan Usaha.
      Discussion of the Feasibility Study on the
      additional of the Company’s business
      activities and its Controlled Subsidiary
      namely PT Mitra Pinasthika Mulia to comply
      with the requirements and provisions of
      Financial Services Authority Regulation
      No. 17/ POJK.04/2020 regarding Material
      Transaction and Changes of Business
      Activity.

      Persetujuan atas Perubahan Anggaran               1. Menyetujui perubahan Pasal 3 Anggaran Dasar Perseroan dalam rangka
      Dasar Perseroan sehubungan dengan                    penambahan bidang usaha baru serta menyetujui perubahan Pasal 16 ayat (1) huruf
      Perubahan Kegiatan Usaha Perseroan,                  (a) Anggaran Dasar Perseroan yaitu sehubungan dengan Tugas dan Wewenang
      untuk    memenuhi    persyaratan dan                 Direksi sebagaimana usulannya telah ditampilkan dalam layar monitor pada Rapat
      ketentuan Peraturan Otoritas Jasa                    ini;
      Keuangan No.17/POJK.04/2020 tentang               2. Menunjuk dan memberi kuasa dengan hak substitusi kepada Direksi Perseroan
      Transaksi Material dan Perubahan                     untuk melakukan segala tindakan yang berhubungan dengan keputusan mata
      Kegiatan Usaha serta Perubahan Tugas                 acara keenam Rapat Umum Pemegang Saham ini, termasuk namun tidak terbatas
      dan Wewenang Direksi.                                untuk menghadap pihak berwenang, mengadakan pembicaraan, memberi dan/atau
      Approval of the Amendment of the                     menyatakan kembali, meminta keterangan, mengajukan permohonan persetujuan
      Company’s      Article  of   Association             dan/atau pemberitahuan atas perubahan Anggaran Dasar Perseroan kepada Menteri
      related to the Changes of the Company’s              Hukum dan Hak Asasi Manusia Republik Indonesia maupun instansi berwenang
      Business Activity, in order to comply                terkait lainnya, membuat atau serta menandatangani akta-akta dan surat-surat
      with the requirements and provisions of              maupun dokumen-dokumen lainnya yang diperlukan atau dianggap perlu, hadir di
      Financial Services Authority Regulation              hadapan Notaris untuk dibuatkan dan menandatangani akta pernyataan keputusan
      No. 17/POJK.04/2020 regarding Material               Rapat Umum Pemegang Saham Perseroan dan melaksanakan hal-hal lain yang
      Transaction and Changes of Business                  harus dan/atau dapat dijalankan sehubungan dengan pelaksanaan keputusan
      Activity, and the Changes of Duties and              Rapat Umum Pemegang Saham.
      Authorities of the Board of Directors as
      well.                                             1. To approve the amendment of the Article 3 of the Company’s Article of Association
                                                           in connection with the additional of new business activities as well as to approve
                                                           the amendment of the Article 16 paragraph (1) point (a) of the Company’s Article of
                                                           Association in regard to the Duties and Authorities of the Board of Directors, as the
                                                           proposal that has been displayed on the monitor screen at this Meeting;
                                                        2. To appoint and grant power of authority with the right of substitution to the
                                                           Board of Directors of the Company to take all actions related to the resolutions
                                                           of sixth agenda of General Meeting of Shareholders, including but not limited to
                                                           appear before the authorities, hold talks, give and/or restate, request information,
                                                           submit applications for approval and/or notification of changes to the Company's
                                                           Articles of Association to the Minister of Law and Human Rights of the Republic
                                                           of Indonesia and other relevant authorities, to make or sign deeds and letters and
                                                           other documents that are necessary or deemed necessary, to appear before a
                                                           Notary to make and sign a deed of statement of the Company’s General Meeting of
                                                           Shareholders resolutions and carried out other matters that must be and/or can be
                                                           implemented in connection with the General Meeting of Shareholders resolutions.

      Laporan Pengalihan atas Hasil Pembelian           Mata acara ini hanya bersifat pelaporan kepada pemegang saham.
      Kembali Saham atau Saham Tresuri                  This agenda is for reporting purpose only to the shareholders.
      Perseroan dengan Cara Pelaksanaan
      Program    Insentif  Jangka     Panjang
      Perseroan.
      Report on the Transfer of Yields of Share
      Buyback or Treasury Shares of the
      Company by Implementing the Company’s
      Long Term Incentive Program.




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        Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




Dewan Komisaris
Board of Commissioners


Dewan Komisaris memiliki peran strategis dalam memastikan           The Board of Commissioners serves a strategic role in ensuring
terselenggaranya pengelolaan Perseroan yang sehat dan               the sound and sustainable management of the Company through
berkelanjutan melalui fungsi pengawasan terhadap pelaksanaan        its supervisory function over the implementation of the duties
tugas dan tanggung jawab Direksi. Dalam menjalankan perannya,       and responsibilities of the Board of Directors. While serving
Dewan Komisaris memberikan pandangan, arahan strategis,             its role, the Board of Commissioners provides views, strategic
serta masukan yang bersifat konstruktif atas kebijakan dan          direction, and constructive input on policies and key decisions
keputusan penting yang diambil oleh Direksi, guna memastikan        taken by the Board of Directors, to ensure alignment with the
kesesuaiannya dengan visi, misi, dan tujuan Perseroan.              Company’s vision, mission, and objectives.


Melalui pelaksanaan fungsi pengawasan yang independen dan           Through the exercise of independent and objective oversight,
objektif, Dewan Komisaris memastikan bahwa seluruh kegiatan         the Board of Commissioners ensures that all management and
manajemen dan operasional Perseroan dilaksanakan sesuai             operational activities of the Company are in compliance with
dengan ketentuan peraturan perundang-undangan yang berlaku          prevailing laws and regulations as well as the principles of GCG.
serta prinsip-prinsip GCG. Selain itu, Dewan Komisaris secara       In addition, the Board of Commissioners conducts periodic
berkala melakukan evaluasi atas efektivitas penerapan GCG di        reviews of the effectiveness of the implementation of GCG within
lingkungan Perseroan sebagai bagian dari upaya peningkatan          the Company as part of ongoing efforts to continuously enhance
kualitas pengelolaan Perseroan secara berkelanjutan.                the quality of the Company’s management.


Dasar Hukum dan Prosedur Nominasi Dewan                             Legal Basis and Nomination Procedures of the
Komisaris                                                           Board of Commissioners

Setiap anggota Dewan Komisaris diangkat dan diberhentikan           Each member of the Board of Commissioners is appointed
melalui RUPS, sesuai dengan ketentuan dalam Piagam Dewan            and dismissed through the GMS, in accordance with the
Komisaris. Proses ini sepenuhnya mematuhi UUPT, Peraturan           provisions set forth in the Board of Commissioners Charter. This
OJK Nomor 33/POJK.04/2014, serta Anggaran Dasar Perseroan,          process fully complies with the Company Law, OJK Regulation
sehingga setiap keputusan yang diambil, termasuk dalam              Number 33/POJK.04/2014, and the Company’s Articles of
hal pengunduran diri seorang Komisaris, tetap berlandaskan          Association, ensuring that every decision taken, including matters
kerangka hukum yang berlaku.                                        related to the resignation of a Commissioner, is grounded in the
                                                                    applicable legal framework.


Usulan mengenai pengangkatan, pemberhentian, atau                   Proposals regarding the appointment, dismissal, or replacement
penggantian anggota Dewan Komisaris disusun berdasarkan             of members of the Board of Commissioners are prepared based
rekomendasi Komite Nominasi dan Remunerasi. Komite                  on the recommendations of the Nomination and Remuneration
Nominasi dan Remunerasi mengevaluasi komposisi dan jumlah           Committee. The Nomination and Remuneration Committee
anggota, memastikan setiap kandidat memiliki keahlian serta         evaluates the composition and number of members and ensures
latar belakang yang beragam sesuai kebutuhan Perseroan.             that each candidate possesses diverse expertise and background
Daftar kandidat yang memenuhi syarat kemudian diajukan              relevant to the Company’s needs. The list of qualified candidates
kepada Dewan Komisaris, sebelum akhirnya mendapatkan                is then submitted to the Board of Commissioners before
persetujuan dalam RUPS. Dengan mekanisme ini, Perseroan             receiving final approval at the GMS. Through this mechanism, the
menjamin bahwa proses nominasi dan pergantian anggota               Company ensures that the nomination and succession process
Dewan Komisaris berjalan secara transparan, terstruktur, dan        of members of the Board of Commissioners is conducted in a
sesuai prinsip GCG.                                                 transparent, structured manner and in line with GCG principles.


Kriteria Dewan Komisaris                                            Criteria of the Board of Commissioners

Dewan Komisaris wajib memenuhi kriteria yang telah ditetapkan       Members of the Board of Commissioners are required to meet
sesuai dengan Anggaran Dasar, Piagam Dewan Komisaris, dan           the criteria stipulated in the Articles of Association, the Board of
peraturan perundang-undangan yang berlaku sebagai berikut:          Commissioners Charter, and the prevailing laws and regulations,
                                                                    as follows:
1. mempunyai akhlak, moral, dan integritas yang baik;               1. have good morals, character, and integrity;
2. cakap melakukan perbuatan hukum;                                 2. have good legal reputation;




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              Introduction         Performance Highlights      Management Report          Company Profile           Business Support Overview




      3. dalam 5 (lima) tahun sebelum pengangkatan dan selama            3. within 5 (five) years prior to appointment and during the term
         menjabat:                                                          of office:
         a. tidak pernah dinyatakan pailit berdasarkan keputusan            a. has never been declared bankrupt based on a court
             pengadilan;                                                        decision;
         b. tidak pernah menjadi anggota Direksi dan/atau Dewan             b. has never been a member of the Board of Directors and/
             Komisaris yang dinyatakan bersalah menyebabkan                     or the Board of Commissioners found guilty of causing a
             suatu perusahaan dinyatakan pailit;                                company to be declared bankrupt;
         c. tidak pernah dihukum karena melakukan tindak pidana             c. has never been convicted of a criminal offense that
             yang merugikan keuangan negara dan/atau yang                       is detrimental to state finances and/or related to the
             berkaitan dengan sektor keuangan; dan                              financial sector; and
         d. tidak pernah menjadi anggota Direksi dan/atau anggota           d. has never been a member of the Board of Directors and/or
             Dewan Komisaris Perusahaan yang selama menjabat:                   the Board of Commissioners who during the term of office:
             i. pernah tidak menyelenggarakan RUPS Tahunan;                     i. has not held an Annual GMS;
             ii. tanggung      jawab/akuntabilitas  pengelolaannya              ii. the accountability as a member of the Board of
                  sebagai anggota Direksi dan/atau Dewan Komisaris                   Directors and/or the Board of Commissioners has
                  pernah tidak diterima oleh RUPS atau tidak                         once not been accepted by the GMS or has not
                  memberikan      pertanggungjawabannya    sebagai                   provided accountability as a member of the Board of
                  anggota Direksi dan/atau anggota Dewan Komisaris                   Directors and/or the Board of Commissioners to the
                  kepada RUPS; dan                                                   GMS; and
             iii. pernah menyebabkan perusahaan yang telah                      iii. has caused a company that obtains a license,
                  memperoleh izin, persetujuan, atau pendaftaran                     approval, or registration from the Financial Services
                  dari Otoritas Jasa Keuangan tidak memenuhi                         Authority to not fulfill the obligation to submit
                  kewajibannya untuk menyampaikan Laporan                            an Annual Report and/or Financial Report to the
                  Tahunan dan/atau Laporan Keuangan kepada                           Financial Services Authority.
                  Otoritas Jasa Keuangan.
      4. memiliki komitmen untuk memenuhi semua ketentuan dan            4. have a commitment to comply with laws and regulations; and
         peraturan yang berlaku; dan
      5. memiliki pengetahuan dan/atau keahlian yang memadai di          5. having knowledge and/or expertise in accordance with the
         bidang tertentu yang dibutuhkan oleh perusahaan.                   field of work required by the company.


      Masa Jabatan Dewan Komisaris                                       Term of Office of the Board of Commissioners

      Sesuai dengan ketentuan dalam Anggaran Dasar Perseroan,            In accordance with the provisions of the Company’s Articles of
      masa jabatan setiap anggota Dewan Komisaris dimulai                Association, the term of office of each member of the Board of
      sejak tanggal pengangkatan dan berakhir pada penutupan             Commissioners shall commence from the date of appointment
      RUPS Tahunan yang kelima, tanpa mengurangi kewenangan              and come to end at the closing of the fifth Annual GMS, without
      RUPS untuk memberhentikan anggota Dewan Komisaris                  due respect to the authority of the GMS to dismiss a member of
      sewaktu-waktu jika dianggap perlu.                                 the Board of Commissioners at any time if deemed necessary.


      Untuk Komisaris Independen, masa jabatan dibatasi hingga           For Independent Commissioners, the term of office is limited
      2 (dua) periode berturut-turut. Komisaris Independen yang          to a maximum of 2 (two) consecutive periods. An Independent
      telah menyelesaikan dua periode dapat diangkat kembali             Commissioner who has completed two terms may be reappointed
      pada periode berikutnya, asalkan tetap memenuhi persyaratan        for a subsequent term, provided that he or she continues to
      pernyataan independensi sebagaimana diatur dalam Pasal 25          meet the independence requirements as stipulated in Article 25
      Peraturan OJK Nomor 33/POJK.04/2014. Dalam hal Komisaris           of OJK Regulation Number 33/POJK.04/2014. In the event that
      Independen tersebut menjabat sebagai Ketua Komite Audit,           the Independent Commissioner serves as the Chairperson of the
      pengangkatannya kembali di Komite Audit hanya dapat                Audit Committee, reappointment to the Audit Committee may
      dilakukan untuk satu periode tambahan.                             only be made for one additional term.


      Komposisi Dewan Komisaris                                          Composition of the Board of Commissioners

      Dewan Komisaris Perseroan terdiri dari 2 (dua) orang atau lebih    The Company’s Board of Commissioners consists of 2 (two) or
      anggota Dewan Komisaris. Dewan Komisaris dipimpin oleh             more members. The Board of Commissioners is led by a President
      seorang Komisaris Utama dan memiliki anggota yang terdiri dari     Commissioner and comprises Independent Commissioners
      Komisaris Independen dan Komisaris. Sekurang-kurangnya 30%         and Commissioners. Independent Commissioners compose at
      (tiga puluh persen) dari jumlah anggota Dewan Komisaris adalah     least 30% (thirty percent) of the total members of the Board of
      Komisaris Independen.                                              Commissioners.




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        Management Discussion and Analysis           Corporate Governance             Environmental and Social Responsibility




Pada tahun 2025, susunan Dewan Komisaris Perseroan tidak             In 2025, there were no changes in the composition of the
mengalami perubahan, yang terdiri dari:                              Company’s Board of Commissioners, which consisted of the
                                                                     following members:
Komisaris Utama		             : Edwin Soeryadjaya                    President Commissioner    : Edwin Soeryadjaya
Komisaris		                   : Tossin Himawan                       Commissioner              : Tossin Himawan
Komisaris		                   : Danny Walla                          Commissioner              : Danny Walla
Komisaris Independen          : Istama Tatang Siddharta              Independent Commissioner : Istama Tatang Siddharta
Komisaris Independen          : Benny Redjo Setyono                  Independent Commissioner : Benny Redjo Setyono


Kebijakan Rangkap Jabatan Dewan Komisaris                            Policy of Concurrent Positions Held by the
                                                                     Board of Commissioners

Berdasarkan ketentuan yang tercantum dalam Piagam Dewan              Based on the provisions set forth in the Board of Commissioners
Komisaris, anggota Dewan Komisaris diperbolehkan untuk               Charter, members of the Board of Commissioners are permitted
merangkap jabatan, dengan syarat dan ketentuan tertentu yang         to occupy concurrent positions, subject to certain terms and
ditetapkan Perseroan sebagai pedoman pelaksanaannya:                 conditions established by the Company as implementing
                                                                     guidelines, as follows:
1. anggota Direksi paling banyak pada 2 (dua) Emiten atau            1. serving as a member of the Board of Directors in a maximum
   Perusahaan Publik lainnya;                                            of 2 (two) other Issuers or Public Companies;
2. anggota Dewan Komisaris paling banyak pada 2 (dua)                2. serving as a member of the Board of Commissioners in a
   Emiten atau Perusahaan Publik lainnya;                                maximum of 2 (two) other Issuers or Public Companies;
3. dalam hal anggota Dewan Komisaris tidak merangkap                 3. in the event that a member of the Board of Commissioners
   jabatan sebagai anggota Direksi, anggota Dewan Komisaris              does not concurrently serve as a member of the Board
   yang bersangkutan dapat merangkap jabatan sebagai                     of Directors, the relevant member of the Board of
   anggota Dewan Komisaris paling banyak pada 4 (empat)                  Commissioners may concurrently serve as a member of
   Emiten atau Perusahaan Publik lainnya; dan                            the Board of Commissioners in a maximum of 4 (four) other
                                                                         Issuers or Public Companies; and
4. anggota Dewan Komisaris dapat merangkap sebagai anggota           4. serving concurrently as a member of committees in a
   komite paling banyak pada 5 (lima) komite di Emiten atau              maximum of 5 (five) committees at Issuers or Public
   Perusahaan Publik, di mana yang bersangkutan juga menjabat            Companies where the individual also serves as a member of
   sebagai anggota Dewan Komisaris atau anggota Direksi.                 the Board of Commissioners or the Board of Directors.


Piagam Dewan Komisaris                                               Board of Commissioners’ Charter

Dalam menjalankan tugas dan tanggung jawabnya, Dewan                 In carrying out its duties and responsibilities, the Board of
Komisaris mengacu pada Piagam yang telah disusun sebagai             Commissioners refers to a Charter that has been established
pedoman kerja. Piagam ini menjelaskan ruang lingkup                  as its work guideline. This Charter outlines the scope of
kewenangan, fungsi pengawasan, serta prinsip etika yang              authority, supervisory functions, and ethical principles that
menjadi acuan bagi setiap anggota, sehingga memungkinkan             serve as references for each member, thereby enabling the
Dewan Komisaris berkontribusi secara optimal terhadap arah           Board of Commissioners to deliver optimum contributions to
strategis Perseroan sambil tetap mematuhi peraturan dan              the Company’s strategic directions while consistenty complying
standar tata kelola internal. Informasi lebih lengkap mengenai       with regulations and internal governance standards. More
Piagam ini dapat diakses melalui situs web resmi Perseroan.          detailed information regarding the Charter is accesssible on the
                                                                     Company’s official website.


Komisaris Independen                                                 Independent Commissioners

Untuk mendukung praktik GCG, Perseroan menempatkan                   To support the implementation of GCG, the Company appoints
Komisaris Independen sesuai ketentuan Peraturan OJK                  Independent Commissioners in accordance with OJK Regulation
Nomor 33/POJK.04/2014, yang menetapkan minimal 30% (tiga             Number 33/POJK.04/2014, which stipulates that at least 30%
puluh persen) anggota Dewan Komisaris bersifat independen.           (thirty percent) of the members of the Board of Commissioners
Per 31 Desember 2025, dari 5 (lima) anggota Dewan Komisaris, 2       must be independent. As of December 31, 2025, out of 5
(dua) di antaranya adalah Komisaris Independen, sehingga telah       (five) members of the Board of Commissioners, (2) two were
memenuhi dan melampaui persyaratan minimum. Komposisi ini            Independent Commissioners, thereby meeting and exceeding the
menunjukkan komitmen Perseroan dalam menjaga pengawasan              minimum requirement. This composition reflects the Company’s
yang objektif dan memastikan perspektif independen selalu hadir      commitment to maintaining objective oversight and ensuring that
dalam pengambilan keputusan strategis.                               independent perspectives are consistently present in strategic
                                                                     decision-making.



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              Pengantar            Ikhtisar Kinerja               Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights         Management Report            Company Profile           Business Support Overview




      Independensi Komisaris Independen                                      Independence of Independent Commissioners

      Dalam rangka menjaga ketidakberpihakan dan mencegah                    In order to promote independence and prevent potential conflicts
      potensi benturan kepentingan, Komisaris Independen Perseroan           of interest, the Company’s Independent Commissioners are
      diwajibkan memenuhi kriteria independensi tertentu. Ketentuan          required to meet specific independence criteria. These provisions
      ini dirancang agar Komisaris Independen dapat melaksanakan             are designed to ensure that Independent Commissioners are
      fungsi pengawasan dan memberikan nasihat secara objektif,              able to carry out their supervisory and advisory functions
      sekaligus memperkuat akuntabilitas serta kepercayaan terhadap          objectively, while also strengthening accountability and trust in
      praktik tata kelola Perseroan. Kriteria independensi yang harus        the Company’s governance practices. The independence criteria
      dipenuhi dijabarkan secara rinci sebagai berikut:                      to be fulfilled are detailed as follows:


                                             Aspek Independensi                                             Istama Tatang      Benny Redjo
                                            Aspect of Independence                                             Siddharta         Setyono

      Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk                          √                √
      merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu 6
      bulan terakhir, kecuali untuk pengangkatan kembali pada periode berikutnya.
      Not an individual who worked or had the authority and responsibility to plan, lead, control, or
      supervise the Company’s activities within the last 6 months, unless in the context of reappointment
      for the following term.

      Tidak mempunyai saham baik langsung maupun tidak langsung pada Perseroan.                                    √                √
      Not owning shares at the Company, directly or indirectly.

      Tidak mempunyai hubungan afiliasi dengan Perseroan, anggota Dewan Komisaris, anggota                         √                √
      Direksi, atau Pemegang Saham Utama Perseroan.
      Not having any affiliation with the Company, members of Board of Commissioners, members of
      Board of Directors, or the Company’s Major Shareholders.

      Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan                     √                √
      kegiatan usaha Perseroan.
      Not having business relationship, either directly or indirectly, associated with the Company’s
      business activities.


      Tugas dan Tanggung Jawab Dewan Komisaris                               Duties and Responsibilities of the Board of
                                                                             Commissioners

      Adapun tugas dan tanggung Dewan Komisaris Perseroan                    The duties and responsibilities of the Company’s Board of
      sebagaimana tertuang dalam Piagam Dewan Komisaris, serta               Commissioners, as stipulated in the Board of Commissioners Charter
      sesuai dengan Anggaran Dasar dan peraturan perundang-                  and in accordance with the Company’s Articles of Association and
      undangan yang berlaku, di antaranya sebagai berikut:                   the prevailing laws and regulations, include the followings:
      1. melaksanakan pengawasan terhadap pelaksanaan tugas                  1. supervise the implementation of the duties and
         dan tanggung jawab Direksi, serta memberikan nasihat                    responsibilities of the Board of Directors, and provide advice
         kepada Direksi;                                                         to the Board of Directors;
      2. mengarahkan, memantau, dan mengevaluasi pelaksanaan                 2. direct, monitor, and evaluate the implementation of strategic
         kebijakan strategis Perseroan, struktur permodalan dan                  policies of the Company, capital and debt structure of the
         utang Perseroan termasuk di dalamnya adalah evaluasi                    Company including evaluation of the Company’s Business
         terhadap Rencana Bisnis Perseroan;                                      Plan;
      3. mengawasi efektivitas pelaksanaan strategi dan inisiatif            3. oversee the effectiveness of the strategy implementation
         keberlanjutan yang dijalankan oleh Perseroan, termasuk                  and sustainability initiatives of the Company, including
         pengelolaan dampak dan risiko terkait iklim, serta                      management of climate risk and impacts, as well as provide
         memberikan tinjauan atas Laporan Keberlanjutan Perseroan                a review of the Company’s Sustainability Report through the
         melalui Komite Tata Kelola Perusahaan;                                  Good Corporate Governance Committee;
      4. memastikan terselenggaranya pelaksanaan GCG pada setiap             4. ensure the GCG to be well carried out across the Company’s
         kegiatan usaha Perseroan di seluruh tingkatan atau jenjang              business lines and all levels of the organization;
         organisasi;
      5. membentuk komite-komite di bawah Dewan Komisaris guna               5. establish committees under Board of Commissioners
         mendukung efektivitas pelaksanaan tugas dan tanggung                   to support the effective implementation of duties and
         jawab Dewan Komisaris;                                                 responsibilities of the Board of Commissioners;
      6. memastikan bahwa komite yang telah dibentuk senantiasa              6. ensure the established committees to consistently implement
         menjalankan tugasnya secara efektif;                                   their duties effectively;




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        Management Discussion and Analysis           Corporate Governance              Environmental and Social Responsibility




7. melakukan koordinasi dengan Direksi dalam menumbuhkan,            7. coordinate with the Board of Directors in fostering, ensuring,
    memastikan, dan mengawasi kepatuhan Perseroan terhadap              and overseeing the Company’s compliance with internal and
    peraturan internal maupun eksternal;                                external regulations;
8. memberikan kuasa khusus kepada 1 (satu) orang anggota             8. grant special authorization to 1 (one) member of the Board of
    Dewan Komisaris untuk mengambil tindakan yang bersifat              Commissioners to take routine and non-strategic actions;
    rutin dan tidak strategis;
9. memberikan persetujuan atas tindakan Direksi sebagaimana          9. to approve the actions of the Board of Directors as stipulated
    ditetapkan dalam Anggaran Dasar Perseroan, yaitu:                   in the Company’s Articles of Association, namely:
    a. meminjam atau meminjamkan uang atas nama                         a. borrowing or lending money on behalf of the Company
        Perseroan (tidak termasuk pengambilan uang Perseroan                 (excluding the withdrawal of the Company’s money
        di bank-bank) dengan jumlah Rp25.000.000.000 atau                    in banks) in the amount of Rp25,000,000,000 or more
        lebih untuk setiap transaksi pinjaman. Ketentuan pinjam              in each loan transaction. The provisions of borrowing
        meminjam antara Perseroan dengan Entitas Anak wajib                  and lending between the Company and its Subsidiaries
        mengacu pada peraturan pasar modal Indonesia yang                    shall refer to the prevailing regulations of the Indonesian
        berlaku;                                                             capital market;
    b. mendirikan suatu usaha atau turut serta pada                     b. establishing a business or investing in other companies
        perusahaan lain baik di dalam maupun di luar negeri                  both within the country and abroad or adding investments
        ataupun melakukan penambahan penyertaan pada                         in other companies;
        perusahaan lain;
    c. membeli,        menjual,    memindahtangankan       dan/          c. buying, selling, transferring and/or writing off assets
        atau menghapus aset milik Perseroan dengan nilai                     owned by the Company valuing Rp15,000,000,000 or
        Rp15.000.000.000 atau lebih;                                         more;
    d. melepaskan penyertaan modal pada Entitas Anak di                  d. releasing equity participation in Subsidiaries within the
        dalam maupun di luar negeri; dan                                     country or abroad; and
    e. memberikan jaminan perusahaan.                                    e. providing corporate guarantees
10. memberikan tinjauan dan rekomendasi atas transaksi afiliasi      10. provide reviews and recommendations on material affiliated
    dan pihak terkait yang bersifat material; dan                        transactions and related party transactions; and
11. memberikan tinjauan atas Laporan Keberlanjutan Perseroan         11. provide a review of the Company’s Sustainability Report
    melalui Komite Tata Kelola Perusahaan.                               through the Good Corporate Governance Committee


Tugas dan Tanggung Jawab Komisaris Utama                             Duties and Responsibilities of the President
                                                                     Commissioner

Selain menjalankan tugas dan tanggung jawab Dewan Komisaris          In addition to carrying out the duties and responsibilities of the
secara keseluruhan, Komisaris Utama Perseroan memiliki peran         Board of Commissioners collectively, the Company’s President
dan tanggung jawab khusus, yang mencakup:                            Commissioner serves specific roles and responsibilities, which
                                                                     include:
1. memimpin Dewan Komisaris dalam melaksanakan fungsi                1. leading the Board of Commissioners in performing its
   pengawasannya; dan                                                    supervisory function; and
2. memimpin Rapat Dewan Komisaris, Rapat Bersama Dewan               2. chairing Meetings of the Board of Commissioners, Joint
   Komisaris dengan Direksi serta RUPS, namun dapat                      Meetings of the Board of Commissioners and the Board of
   digantikan oleh anggota Dewan Komisaris lainnya sepanjang             Directors, as well as the GMS, which may be delegated to
   diatur dalam Anggaran Dasar Perseroan maupun peraturan                another member of the Board of Commissioners as stipulated
   perundang-undangan lainnya.                                           in the Company’s Articles of Association and the prevailing
                                                                         laws and regulations.


Pelaksanaan Tugas Dewan Komisaris                                    Duty Implementation                 of     the      Board       of
                                                                     Commissioners

Sepanjang tahun 2025, Dewan Komisaris Perseroan telah                Throughout 2025, the Company’s Board of Commissioners
menjalankan tugas dan tanggung jawabnya sebagai berikut:             carried out its duties and responsibilities as follows:
1. melakukan penelaahan secara berkala dan memberikan                1. conducting periodic reviews and providing recommendations
   rekomendasi dan nasihat kepada Direksi atas kinerja                   and advice to the Board of Directors regarding the Company’s
   Perseroan;                                                            performance;
2. melakukan evaluasi secara berkala terhadap kinerja Direksi        2. conducting periodic evaluations of the performance of the
   dan Komite di bawahnya melalui rapat reguler yang diadakan            Board of Directors and its supporting committees through
   di sepanjang tahun 2025, guna memastikan pihak-pihak                  regular meetings held throughout 2025, to ensure that the
   terkait menjalankan tugasnya secara efektif;                          relevant parties performed their duties effectively;



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              Introduction         Performance Highlights        Management Report           Company Profile            Business Support Overview




      3. melaksanakan RUPS Tahunan untuk tahun buku 2024 pada              3. convening the Annual GMS for the 2024 financial year on
         tanggal 27 Mei 2025;                                                 27 May 2025;
      4. menyetujui perubahan Anggaran Dasar Perseroan                     4. approving amendments to the Company’s Articles of
         sehubungan dengan perubahan modal ditempatkan dan                    Association in relation to changes in the Company’s issued
         disetor Perseroan; dan                                               and paid-up capital; and
      5. melakukan penelaahan dan memberikan persetujuan atas              5. reviewing and approving the Company’s Work Plan and/or
         Rencana Kerja dan/atau Anggaran Tahunan Perseroan untuk              Annual Budget for the 2026 financial year.
         tahun buku 2026.


      Rapat Dewan Komisaris                                                Meetings of the Board of Commissioners

      Dalam menjalankan fungsi pengawasan, Dewan Komisaris                 In carrying out its supervisory function, the Board of Commissioners
      secara berkala menyelenggarakan rapat sesuai dengan ketentuan        regularly convenes meetings in accordance with the provisions
      Anggaran Dasar Perseroan dan peraturan perundang-undangan            of the Company’s Articles of Association and the prevailing laws
      yang berlaku. Rapat Dewan Komisaris dilaksanakan paling              and regulations. Meetings of the Board of Commissioners are
      sedikit satu kali dalam dua bulan, serta dapat diselenggarakan       held at least once every two months and may be convened at any
      sewaktu-waktu apabila diminta oleh satu atau lebih anggota           time upon the request of one or more members of the Board of
      Dewan Komisaris. Untuk menjaga koordinasi strategis, Dewan           Commissioners. To maintain strategic coordination, the Board
      Komisaris juga mengadakan rapat bersama Direksi sekurang-            of Commissioners also holds joint meetings with the Board of
      kurangnya satu kali dalam empat bulan.                               Directors at least once every four months.


      Agenda dan jadwal rapat disusun dengan dukungan Sekretaris           The agenda and meeting schedule are prepared with the support
      Perusahaan untuk jangka waktu satu tahun buku dan dapat              of the Corporate Secretary for a one-year financial period and
      disesuaikan apabila diperlukan. Bahan rapat akan disampaikan         may be adjusted as necessary. Meeting materials are distributed
      kepada peserta paling lambat 5 (lima) hari kerja sebelum rapat       to participants no later than 5 (five) working days prior to the
      diselenggarakan. Dalam hal rapat diselenggarakan di luar jadwal      meeting. In the event that a meeting is convened outside the
      yang telah ditetapkan, bahan rapat akan disampaikan kepada           predetermined schedule, the materials for the meeting will be
      peserta paling lambat sebelum rapat dimulai.                         circulated among the participants prior to the meeting.


      Rapat dipimpin oleh Komisaris Utama, yang memastikan proses          Meetings are chaired by the President Commissioner, who ensures
      pembahasan dan pengambilan keputusan berjalan secara                 that discussions and decision-making processes are conducted
      efektif. Apabila Komisaris Utama berhalangan hadir, pimpinan         effectively. In the absence of the President Commissioner, the
      rapat dialihkan kepada salah satu anggota Dewan Komisaris            chairmanship of the meeting is assumed by one of the attending
      yang hadir.                                                          members of the Board of Commissioners.


      Keputusan Rapat Dewan Komisaris memiliki kekuatan mengikat           Resolutions of the Board of Commissioners’ Meetings are binding
      apabila rapat tersebut dihadiri atau diwakili oleh lebih dari 1/2    if the meeting is attended or represented by more than 1/2 (one-
      (satu per dua) dari jumlah anggota Dewan Komisaris, sesuai           half) of the total members of the Board of Commissioners, in
      dengan ketentuan kuorum yang berlaku.                                accordance with the applicable quorum provisions.


      Tingkat Kehadiran Rapat Dewan Komisaris                              Attendance Rate at Meetings of the Board of
                                                                           Commissioners

      Selama tahun 2025, Dewan Komisaris menyelenggarakan                  During 2025, the Board of Commissioners held a total of 9 (nine)
      sebanyak 9 (sembilan) rapat, termasuk rapat gabungan dengan          meetings, including joint meetings with the Board of Directors.
      Direksi. Informasi mengenai tingkat kehadiran masing-masing          Information regarding the attendance level of each member of
      anggota Dewan Komisaris, beserta agenda rapat yang dibahas,          the Board of Commissioners, along with the meeting agendas
      disajikan dalam tabel berikut:                                       discussed, is presented in the following table:




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        Management Discussion and Analysis                Corporate Governance             Environmental and Social Responsibility




Tingkat Kehadiran dan Agenda Rapat Dewan                                    Attendance Rate and Meeting Agenda of the Board
Komisaris                                                                   of Commissioners

                                                                                                 Peserta Rapat
                                                                                                  Participants
   Tanggal
                                        Agenda                                                                    Istama
    Date                                                                  Edwin         Tossin                                   Benny Redjo
                                                                                                 Danny Walla      Tatang
                                                                        Soeryadjaya    Himawan                                     Setyono
                                                                                                                 Siddharta

26 Maret/           Diskusi persiapan pelaksanaan RUPS Tahunan                -          √              √            √               √
March 2025          Discussion on preparation of Annual GMS

11 April 2025       Laporan Komite Nominasi dan Remunerasi,                  √           √              √            √               √
                    Komite Audit, serta Komite Tata Kelola Perusahaan
                    Nominating and Remuneration Committee, Audit
                    Committee as well as Good Corporate Governance
                    Committee Report

28 April 2025       Penunjukan Pimpinan RUPS Tahunan 2025                    √           √              √            √               √
                    Appointment of 2025 Annual GMS Chairman

21 Agustus/         Penunjukan Akuntan Publik dan/atau Kantor                √           √              √            √               √
August 2025         Akuntan Publik untuk tahun 2025
                    Appointment of Public Accountant and/or Public
                    Accounting Firm for the year 2025

23 September        Pembahasan persiapan penyusunan Budget 2026              √           √              √            -               √
2025                Discussion on the preparation for the 2026 Budget
                    formulation

22 Desember/ Pembahasan Calendar of Event 2026                               √           √              √            √               √
December 2025 Discussion on Calendar of Event 2026

Total Kehadiran dalam Rapat                                                   5           6             6             5               6
Total Attendance in Meetings

Total Rapat                                                                   6           6             6             6               6
Total Number of Meetings

Tingkat Kehadiran                                                            83%        100%         100%            83%            100%
Attendance Rate

Rata-rata Kehadiran                                                                                  93%
Average Attendance Rate




Tingkat Kehadiran dan Agenda Rapat Gabungan                                 Attendance Rate and Joint Meeting Agenda of the
Dewan Komisaris dan Direksi                                                 Board of Commissioners and Board of Directors


                                                                                        Peserta Rapat
                                                                                         Participants
                                                                      Dewan Komisaris                                 Direksi
  Tanggal
                               Agenda                              Board of Commissioners                        Board of Directors
   Date
                                                         Edwin      Tossin Danny        Istama    Benny  Suwito Beatrice Kemal
                                                       Soeryadjaya Himawan Walla        Tatang    Redjo Mawarwati Kartika Mawira
                                                                                       Siddharta Setyono

26 Maret/       ›   Pembahasan            strategis/       -            √          √      √         √            √           √         √
March 2025          Strategic discussion
                ›   Pembahasan       kinerja    dan
                    laporan keuangan Perseroan
                    tahun 2024/Discussion on
                    2024 Company’s performance
                    financial Performance




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              Pengantar            Ikhtisar Kinerja                  Laporan Manajemen            Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights            Management Report            Company Profile            Business Support Overview




                                                                                                Peserta Rapat
                                                                                                 Participants
                                                                            Dewan Komisaris                                   Direksi
        Tanggal
                                    Agenda                               Board of Commissioners                          Board of Directors
         Date
                                                              Edwin      Tossin Danny          Istama    Benny  Suwito Beatrice Kemal
                                                            Soeryadjaya Himawan Walla          Tatang    Redjo Mawarwati Kartika Mawira
                                                                                              Siddharta Setyono

      30 Juli/July   ›   Pembahasan           strategis/        √            √           √        √          √          √          √          √
      2025               Strategic discussion
                     ›   Pembahasan kinerja Perseroan
                         Kuartal 1 dan 2 2025/
                         Discussion on Q1 and Q2 2025
                         Company performance


      22             Pembahasan      strategis   dan
      Desember/      persetujuan Rencana Kerja dan
      December       Anggaran Tahunan 2026/Strategic            √            √           √        √          √          √          √          √
      2025           discussion and approval on
                     Business Plan and Budget 2026

      Total Kehadiran dalam Rapat                               2            3           3         3         3          3          3          3
      Total Attendance in Meetings

      Total Rapat                                               3            3           3         3         3          3          3          3
      Total Number of Meetings

      Tingkat Kehadiran                                        67%         100%       100%       100%      100%       100%       100%      100%
      Attendance Rate

      Rata-rata Kehadiran                                                            93%                                        100%
      Average Attendance Rate



      Tingkat Kehadiran Dewan Komisaris dalam                                    Board of Commissioners’ Attendance at the
      RUPS                                                                       GMS

      Informasi terkait kehadiran Dewan Komisaris dalam RUPS                     Information regarding the attendance rate of the Board of
      Tahunan 2025 disajikan pada bagian RUPS.                                   Commissioners at the 2025 Annual GMS is presented in the GMS
                                                                                 section.


      Pelatihan dan/atau Peningkatan Kompetensi                                  Training and/or Competency Development of
      Dewan Komisaris                                                            the Board of Commissioners

      Kebijakan Pelatihan dan Peningkatan Kompetensi                             Training and Competency Development Policy
      Perseroan menempatkan peningkatan kompetensi sebagai                       The Company considers competency development to be an
      bagian integral dari pengembangan profesional Dewan                        integral part of the professional development of the Board of
      Komisaris. Program pelatihan, seminar, lokakarya, dan konferensi           Commissioners. Training programs, seminars, workshops, and
      disediakan untuk memperkuat wawasan, keterampilan, dan                     conferences are provided to enhance the insights, skills, and
      pengetahuan anggota Dewan Komisaris, sehingga mereka dapat                 knowledge of members of the Board of Commissioners, enabling
      menjalankan fungsi pengawasan secara efektif dan objektif                  them to perform their supervisory functions effectively and
      dalam menghadapi tantangan bisnis yang dinamis.                            objectively in addressing dynamic business challenges.


      Pelaksanaan Pelatihan dan Peningkatan Kompetensi                           Implementation of Training and Competency Development
      Sepanjang tahun 2025, Dewan Komisaris telah mengikuti                      Throughout 2025, the Board of Commissioners participated in
      berbagai kegiatan pelatihan dan pengembangan profesional                   various relevant training and professional development activities.
      yang relevan. Rincian program pelatihan dan peningkatan                    Details of the training and competency development programs
      kompetensi yang diikuti oleh masing-masing anggota Dewan                   attended by each member of the Board of Commissioners are
      Komisaris disajikan pada tabel berikut:                                    presented in the following table:




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        Management Discussion and Analysis              Corporate Governance               Environmental and Social Responsibility




    Nama             Jabatan             Materi Pelatihan               Waktu                 Tempat               Penyelenggara
    Name             Position           Training Materials              Date                   Venue                 Organizer
Dewan Komisaris
Board of Commissioners

Edwin            Komisaris Utama MPM Group Economy               22 September 2025     MPM Head Office,                 Internal
Soeryadjaya      President       Outlook 2026                                          Menara Karya
                 Commissioner
                                 Empowering Talent,              23 September 2025     Hotel Mulia                      Internal
                                 Leveraging AI and Building                            Jakarta
                                 Stronger Brands

Tossin           Komisaris          MPM Group Economy            23 September 2025     MPM Head Office,                 Internal
Himawan          Commissioner       Outlook 2026                                       Menara Karya

                                    Empowering Talent,           23 September 2025     Hotel Mulia                      Internal
                                    Leveraging AI and Building                         Jakarta
                                    Stronger Brands

Danny Walla      Komisaris          MPM Group Economy            22 September 2025     MPM Head Office,                 Internal
                 Commissioner       Outlook 2026                                       Menara Karya

                                    Empowering Talent,           23 September 2025     Hotel Mulia                      Internal
                                    Leveraging AI and Building                         Jakarta
                                    Stronger Brands

Istama           Komisaris          -                            -                     -                                   -
Tatang           Independen
Siddharta        Independent
                 Commissioner

Benny Redjo      Komisaris          Seminar Emiten 2025:       8 Juli/July 2025        The Ritz Carlton      PT Kustodian Sentral Efek
Setyono          Independen         Navigating Global                                  PP, Jakarta           Indonesia
                 Independent        Dinamics The Resilience of
                 Commissioner       Indonesia’s Economic and
                                    Financial Systems

                                    National Conference IIA      27-28 Agustus/        JW Marriott Hotel, The Institute of Internal
                                    Indonesia                    August 2025           Medan              Auditors Indonesia

                                    CEO Networking 2025          18 November 2025      St. Regis Hotel,      Otoritas Jasa Keuangan,
                                                                                       Jakarta               Bursa Efek Indonesia, PT
                                                                                                             Kliring Penjaminan Efek
                                                                                                             Indonesia, dan PT Kustodian
                                                                                                             Sentral Efek Indonesia


Program Orientasi Anggota Dewan Komisaris                               Orientation Program for Members of the Board
                                                                        of Commissioners

Program orientasi bagi anggota Dewan Komisaris yang baru                The orientation program for newly appointed members of the
diangkat bertujuan untuk memberikan pemahaman terkait peran,            Board of Commissioners is intended to provide an understanding
tugas dan tanggung jawab Dewan Komisaris, serta kepatuhan               of the roles, duties, and responsibilities of the Board of
terhadap praktik dan kebijakan GCG. Orientasi ini juga akan             Commissioners, as well as compliance with GCG practices and
membantu Dewan Komisaris memahami visi, misi, strategi                  policies. This orientation also helps members of the Board of
(jangka pendek dan panjang), serta kinerja operasional dan              Commissioners to understand the Company’s vision, mission,
keuangan Perseroan.                                                     strategies (both short-term and long-term), as well as its
                                                                        operational and financial performance.


Penyelenggaraan program orientasi dapat dilakukan oleh                  The orientation program may be conducted by the Board of
Direksi, Sekretaris Perusahaan, serta divisi-divisi atau unit-unit      Directors, the Corporate Secretary, and relevant divisions or
terkait dengan cara: pemaparan, kunjungan ke berbagai kegiatan          units through presentations, visits to the Company’s various
Perseroan, dan/atau pertemuan serta diskusi dengan anggota              operations, and/or meetings and discussions with other members
Dewan Komisaris dan Direksi lain.                                       of the Board of Commissioners and the Board of Directors.


Pada tahun 2025, tidak terdapat program orientasi yang diberikan        In 2025, no orientation program was conducted as there were no
karena tidak terdapat pengangkatan anggota Dewan Komisaris              newly appointed members of the Board of Commissioners.
baru.



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              Pengantar                 Ikhtisar Kinerja                     Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction              Performance Highlights               Management Report           Company Profile             Business Support Overview




      Hubungan Afiliasi Dewan Komisaris dengan                                         Affiliation Relationships between the Board of
      Direksi, Anggota Dewan Komisaris Lainnya,                                        Commissioners, the Board of Directors, Other
      serta Pemegang Saham Pengendali                                                  Members of the Board of Commissioners, and
                                                                                       the Controlling Shareholder

      Terkait independensi, terdapat satu anggota Dewan Komisaris                      With regard to independence, there is one member of the Board
      yang juga merupakan Pemegang Saham Pengendali Perseroan.                         of Commissioners who is also the Company’s Controlling
      Komisaris Utama, Edwin Soeryadjaya, memiliki keterkaitan                         Shareholder. The President Commissioner, Edwin Soeryadjaya, has
      kepengurusan dan hubungan keuangan dengan PT Saratoga                            management and financial affiliations with PT Saratoga Investama
      Investama Sedaya Tbk, di mana yang bersangkutan juga                             Sedaya Tbk, where he also serves as President Commissioner.
      menjabat sebagai Presiden Komisaris.


      Di luar pengecualian tersebut, mayoritas anggota Dewan                           Apart from this exception, the majority of members of the
      Komisaris tidak memiliki hubungan keuangan maupun hubungan                       Board of Commissioners do not have any financial or personal
      pribadi dengan sesama anggota Dewan Komisaris, Direksi,                          relationships with other members of the Board of Commissioners,
      ataupun Pemegang Saham Pengendali Perseroan, sehingga                            members of the Board of Directors, or the Company’s Controlling
      independensi dalam pelaksanaan fungsi pengawasan tetap                           Shareholder. Accordingly, independence in the performance of
      terjaga. Rincian mengenai hubungan afiliasi tersebut disajikan                   the supervisory function remains well maintained. Details of
      dalam tabel berikut:                                                             these affiliation relationships are presented in the following table:


                                                        Hubungan Keluarga dengan                                Hubungan Keuangan dengan
                                                          Family Relations with                                   Financial Relations with
                                                                                Pemegang Saham                                       Pemegang Saham
          Nama               Jabatan                                             Utama dan/atau                                       Utama dan/atau
                                                Dewan                                                   Dewan
          Name               Position                             Direksi       Pemegang Saham                           Direksi     Pemegang Saham
                                              Komisaris                                               Komisaris
                                                                 Board of          Pengendali                           Board of        Pengendali
                                               Board of                                                Board of
                                                                 Directors         Major and/                           Directors       Major and/
                                            Commissioners                                           Commissioners
                                                                                  or Controlling                                       or Controlling
                                                                                  Shareholders                                         Shareholders

      Edwin            Komisaris
      Soeryadjaya      Utama
                       President                   -                -                   -                   -                -                √
                       Commissioner

      Tossin           Komisaris
      Himawan          Commissioner                -                -                   -                   -                -                -
      Danny Walla      Komisaris
                       Commissioner                -                -                   -                   -                -                -
      Istama Tatang Komisaris
      Siddharta     Independen
                    Independent                    -                -                   -                   -                -                -
                    Commissioner

      Benny Redjo      Komisaris
      Setyono          Independen
                       Independent                 -                -                   -                   -                -                -
                       Commissioner


      Penilaian Kinerja Komite di bawah Dewan                                          Performance Evaluation of Committees under
      Komisaris                                                                        the Board of Commissioners

      Pelaksanaan fungsi pengawasan Dewan Komisaris didukung                           The supervisory function of the Board of Commissioners is
      oleh beberapa komite yang dibentuk secara khusus, yaitu Komite                   supported by several specially established committees, namely
      Audit, Komite Nominasi dan Remunerasi, serta Komite Tata                         the Audit Committee, the Nomination and Remuneration
      Kelola Perusahaan. Agar dukungan tersebut berjalan efektif dan                   Committee, and the Corporate Governance Committee. To ensure
      selaras dengan prinsip tata kelola perusahaan yang baik, Dewan                   that such support is effective and aligned with the principles
      Komisaris secara berkala menelaah dan menilai kinerja masing-                    of good corporate governance, the Board of Commissioners
      masing komite. Penilaian ini ditujukan untuk memastikan                          periodically reviews and evaluates the performance of each
      bahwa seluruh komite menjalankan perannya secara akuntabel                       committee. This evaluation aims to ensure that all committees
      dan memberikan kontribusi optimal terhadap pelaksanaan                           perform their roles accountably and provide optimal contributions
      pengawasan Perseroan.                                                            to the Company’s supervisory function.

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        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Prosedur dan Kriteria Penilaian Kinerja                               Performance           Evaluation         Procedures            and
                                                                      Criteria

Mekanisme evaluasi kinerja komite dilaksanakan berdasarkan            The committee performance evaluation mechanism is carried
pedoman yang telah ditetapkan untuk masing-masing komite.             out based on guidelines established for each committee. These
Pedoman tersebut memuat prosedur serta kriteria penilaian yang        guidelines set out the procedures and evaluation criteria that
menjadi dasar bagi Dewan Komisaris dalam melakukan evaluasi,          serve as the basis for the Board of Commissioners in conducting
sebagaimana dijabarkan sebagai berikut:                               the assessment, as outlined below:
1. anggota komite diangkat dan bertanggung jawab kepada               1. committee members are appointed by and accountable to
   Dewan Komisaris;                                                       the Board of Commissioners;
2. penilaian kinerja dilakukan berdasarkan Laporan Kegiatan           2. performance evaluation is conducted based on the Annual
   Tahunan dan Rencana Tahunan, serta Laporan Khusus/                     Activity Report and Annual Work Plan, as well as Special/
   Insidental yang disampaikan kepada Dewan Komisaris;                    Incidental Reports submitted to the Board of Commissioners;
3. masing-masing Komite, yang didukung atau bekerja sama              3. each committee, supported by or working in coordination
   dengan unit kerja/divisi terkait dalam Perseroan, wajib                with the relevant work units/divisions within the Company, is
   melaksanakan tugas dan tanggung jawabnya;                              required to carry out its duties and responsibilities;
4. setiap anggota komite wajib menyediakan waktu kerja untuk          4. each committee member is required to allocate sufficient
   melaksanakan tugas dan tanggung jawabnya yang dapat                    time to perform their duties and responsibilities, which
   dinilai berdasarkan kehadiran dalam rapat komite; dan                  may be assessed, among others, based on attendance at
                                                                          committee meetings; and
5. hasil keputusan rapat, rekomendasi, evaluasi, dan/atau             5. the outcomes of meetings, recommendations, evaluations,
   pendapat komite yang disampaikan oleh komite kepada                    and/or opinions submitted by the committees to the Board of
   Dewan Komisaris.                                                       Commissioners.


Hasil Penilaian Kinerja Komite di bawah Dewan                         Results of the Performance Evaluation of
Komisaris                                                             Committees under the Board of Commissioners

Dalam rangka menilai efektivitas pengawasan dan kontribusi            In order to assess the effectiveness of supervision and the
masing-masing komite, Dewan Komisaris menerima Laporan                contribution of each committee, the Board of Commissioners
Kegiatan 2025 dan Rencana Kerja Tahunan 2025 dari tiga komite         received the 2025 Activity Reports and the 2025 Annual Work
yang berada di bawah pengawasannya, yaitu Komite Audit, Komite        Plans from the three committees under its supervision, namely the
Nominasi dan Remunerasi, serta Komite Tata Kelola Perusahaan.         Audit Committee, the Nomination and Remuneration Committee,
Laporan-laporan ini menjadi sarana pertanggungjawaban                 and the Good Corporate Governance Committee. These reports
komite atas pelaksanaan tugas mereka dan kesesuaian dengan            serve as a means of accountability for the committees in carrying
arah strategis Perseroan.                                             out their duties and ensuring alignment with the Company’s
                                                                      strategic direction.


Setelah menelaah laporan-laporan tersebut secara komprehensif,        After conducting comprehensive reviews of the reports, the
Dewan Komisaris melakukan evaluasi kinerja setiap komite dan          Board of Commissioners held a performance evaluation of each
menilai sejauh mana tanggung jawab mereka telah dijalankan.           committee and assessed the extent to which their responsibilities
Berdasarkan hasil evaluasi, Dewan Komisaris menyimpulkan:             had been fulfilled. Based on the results of the evaluation,
                                                                      the Board of Commissioners concluded as follows:
1. Komite Audit                                                       1. Audit Committee
   Komite Audit telah melaksanakan perannya secara maksimal               The Audit Committee has performed its role optimally in
   dalam mengawasi dan menilai berbagai aspek yang terkait                overseeing and reviewing various aspects related to financial
   dengan laporan keuangan, sistem pengendalian internal,                 reporting, internal control systems, and the effectiveness of
   serta efektivitas pemeriksaan auditor internal dan eksternal.          internal and external audit activities.
2. Komite Nominasi dan Remunerasi                                     2. Nomination and Remuneration Committee
   Komite Nominasi dan Remunerasi bekerja secara efektif                  The Nomination and Remuneration Committee has operated
   sesuai kriteria yang telah ditetapkan, serta memberikan                effectively in accordance with the established criteria and
   rekomendasi yang tepat terkait struktur remunerasi bagi                has provided appropriate recommendations regarding
   anggota Dewan Komisaris dan Direksi.                                   the remuneration structure for members of the Board of
                                                                          Commissioners and the Board of Directors.
3. Komite Tata Kelola Perusahaan                                      3. Good Corporate Governance Committee
   Komite Tata Kelola Perusahaan menjalankan tugasnya                     The Good Corporate Governance Committee has carried out
   sesuai ruang lingkup yang diatur dalam piagam Komite Tata              its duties in accordance with the scope set out in its charter,
   Kelola Perusahaan, sehingga mendukung penerapan tata                   thereby supporting the implementation of good corporate
   kelola perusahaan yang baik.                                           governance.



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              Pengantar            Ikhtisar Kinerja          Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights    Management Report          Company Profile            Business Support Overview




      Direksi
      Board of Directors


      Direksi merupakan badan eksekutif Perseroan yang                 The Board of Directors is the executive body of the Company
      memegang tanggung jawab kolektif untuk mengelola kegiatan        that shares collective responsibilities for managing day-to-day
      operasional sehari-hari sekaligus mengarahkan Perseroan          operational activities while directing the Company toward the
      menuju pencapaian tujuan strategisnya. Dalam menjalankan         strategic goal achievement. In carrying out its duties, the Board
      tugasnya, Direksi berfokus pada upaya memastikan                 of Directors focuses on ensuring that the Company’s interests
      kepentingan Perseroan tercapai, tata kelola dijalankan secara    are fulfilled, corporate governance is implemented effectively,
      efektif, serta seluruh kebijakan dan keputusan sejalan dengan    and all policies and decisions are aligned with the Company’s
      visi dan misi Perseroan.                                         vision and mission.


      Selain fungsi manajerial, Direksi juga mewakili Perseroan        In addition to its managerial functions, the Board of Directors
      dalam semua urusan hukum, baik di dalam maupun di luar           also represents the Company in all legal matters, both inside and
      pengadilan, sesuai ketentuan yang tercantum dalam Anggaran       outside the court, in accordance with the provisions stipulated in
      Dasar Perseroan. Peran utama Direksi mencakup kepemimpinan       the Company’s Articles of Association. The primary roles of the
      organisasi, pengawasan kelancaran operasional, dan penerapan     Board of Directors include organizational leadership, oversight
      strategi bisnis yang tepat, sehingga arah Perseroan tetap        of smooth operational activities, and the implementation of
      mendukung pertumbuhan jangka panjang dan pencapaian              appropriate business strategies, thereby ensuring that the
      kinerja yang optimal.                                            Company’s direction continues to support long-term growth and
                                                                       the achievement of optimal performance.


      Dasar Hukum dan Prosedur Nominasi Direksi                        Legal Basis and Nomination Procedures for the
                                                                       Board of Directors

      Proses pengangkatan dan pemberhentian anggota Direksi            The appointment and dismissal of members of the Board of
      berada di bawah kewenangan RUPS dan dilaksanakan sesuai          Directors fall under the authority of the GMS and are carried
      Piagam Direksi. Sebelum usulan pengangkatan, pemberhentian,      out in accordance with the Board of Directors’ Charter. Prior
      atau penggantian diajukan ke RUPS, Komite Nominasi dan           to submitting any proposal for appointment, dismissal, or
      Remunerasi melakukan penilaian menyeluruh terhadap kandidat      replacement to the GMS, the Nomination and Remuneration
      potensial. Penilaian ini mencakup analisis terhadap keahlian,    Committee conducts a comprehensive assessment of potential
      pengalaman, dan keberagaman kandidat, guna memastikan            candidates. This assessment includes an analysis of candidates’
      anggota Direksi memiliki kompetensi yang sejalan dengan          expertise, experience, and diversity to ensure that members of
      kebutuhan Perseroan yang terus berkembang.                       the Board of Directors possess competencies aligned with the
                                                                       Company’s evolving needs.


      Berdasarkan hasil evaluasi, Komite Nominasi dan Remunerasi       Based on the evaluation results, the Nomination and
      menyusun daftar kandidat yang direkomendasikan kepada            Remuneration Committee prepares a list of candidates to be
      Dewan Komisaris. Daftar ini kemudian menjadi dasar bagi RUPS     recommended to the Board of Commissioners. This list then
      untuk mengambil keputusan akhir mengenai pengangkatan            serves as the basis for the GMS to make the final decision
      anggota Direksi. Prosedur nominasi yang ketat ini dirancang      regarding the appointment of members of the Board of
      untuk menegakkan standar kepemimpinan dan tata kelola            Directors. This rigorous nomination procedure is designed to
      yang tinggi, sekaligus memastikan bahwa hanya individu yang      uphold high standards of leadership and governance, while
      memenuhi syarat yang dipercayakan dengan tanggung jawab          ensuring that only qualified individuals are entrusted with
      eksekutif di Perseroan.                                          executive responsibilities within the Company’s.


      Kriteria Direksi                                                 Criteria for the Board of Directors

      Direksi wajib memenuhi kriteria yang telah ditetapkan sesuai     Members of the Board of Directors are required to meet the criteria
      dengan Anggaran Dasar, Piagam Direksi, dan peraturan             stipulated in the Articles of Association, the Board of Directors’
      perundang-undangan yang berlaku sebagai berikut:                 Charter, and applicable laws and regulations, as follows:
      1. mempunyai akhlak, moral dan integritas yang baik;             1. having good morals, character and integrity;
      2. cakap melakukan perbuatan hukum;                              2. capable of performing legal acts;
      3. dalam 5 (lima) tahun sebelum pengangkatan dan selama          3. within 5 years prior to appointment and during the term of
          menjabat:                                                        office:



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        Management Discussion and Analysis              Corporate Governance               Environmental and Social Responsibility




   a. tidak pernah dinyatakan pailit berdasarkan keputusan                  a. has never been declared bankrupt based on court verdict;
       pengadilan;
   b. tidak pernah menjadi anggota Direksi dan/atau Dewan                   b. has never been a member of the Board of Directors and/
       Komisaris yang dinyatakan bersalah menyebabkan                          or the Board of Commissioners found guilty of causing a
       suatu perusahaan dinyatakan pailit;                                     company to be declared bankrupt;
   c. tidak pernah dihukum karena melakukan tindak pidana                   c. has never been convicted of a criminal offense that
       yang merugikan keuangan negara dan/atau yang                            is detrimental to state finances and/or related to the
       berkaitan dengan sektor keuangan; dan                                   financial sector; and
   d. tidak pernah menjadi anggota Direksi dan/atau anggota                 d. has never been a member of the Board of Directors and/
       Dewan Komisaris Perusahaan yang selama menjabat:                        or the Board of Commissioners during the term of office:
       i. pernah tidak menyelenggarakan RUPS Tahunan;                          i. has not held an Annual GMS;
       ii. tanggung      jawab/akuntabilitas  pengelolaannya                   ii. his/her accountability has not been accepted by
            sebagai anggota Direksi dan/atau Dewan Komisaris                       the GMS or has not provided accountability as a
            pernah tidak diterima oleh RUPS atau pernah tidak                      member of the Board of Directors and/or the Board
            memberikan      pertanggungjawabannya    sebagai                       of Commissioners to the GMS; and
            anggota Direksi dan/atau anggota Dewan Komisaris
            kepada RUPS; dan
       iii. pernah menyebabkan perusahaan yang telah                             iii. has caused a company that obtained a license,
            memperoleh izin, persetujuan, atau pendaftaran                            approval, or registration from the Financial Services
            dari Otoritas Jasa Keuangan tidak memenuhi                                Authority to not fulfill the obligation to submit
            kewajibannya untuk menyampaikan Laporan                                   an Annual Report and/or Financial Report to the
            Tahunan dan/atau Laporan Keuangan kepada                                  Financial Services Authority;
            Otoritas Jasa Keuangan.
4. memiliki komitmen untuk mematuhi peraturan perundang-                4. has a commitment to comply with laws and regulations; and
   undangan; dan
5. memiliki pengetahuan dan/atau keahlian sesuai dengan                 5. have knowledge and/or expertise in accordance with the field
   bidang pekerjaannya.                                                    of work.


Masa Jabatan Direksi                                                    Term of Office of the Board of Directors

Sesuai dengan ketentuan dalam Anggaran Dasar Perseroan,                 In accordance with the provisions of the Company’s Articles
masa jabatan setiap anggota Direksi berlaku sejak tanggal               of Association, the term of office of each member of the Board
pengangkatan hingga penutupan RUPS Tahunan yang                         of Directors is effective from the date of appointment until the
kelima, tanpa mengesampingkan hak RUPS untuk melakukan                  closing of the fifth Annual GMS, without due respect to the GMS’s
pemberhentian sewaktu-waktu.                                            right to dismiss members at any time.


Setelah masa jabatan berakhir, anggota Direksi dapat                    As their term of office ends, members of the Board of Directors
dipertimbangkan untuk diangkat kembali sepanjang memenuhi               may be considered for reappointment provided that they continue
persyaratan dan kualifikasi yang berlaku. Pertimbangan                  to meet the applicable requirements and qualifications. Such
pengangkatan kembali tersebut didasarkan pada penilaian                 reappointment shall take into account an assessment of the
atas integritas, kompetensi, dan reputasi yang bersangkutan,            individual’s integrity, competence, and reputation, and is aligned
serta disesuaikan dengan kebutuhan usaha dan arah strategis             with the Company’s business needs and strategic direction.
Perseroan.


Komposisi Direksi                                                       Composition of the Board of Directors

Komposisi Direksi Perseroan terdiri dari 2 (dua) orang atau lebih.      The Company’s Board of Directors consists of 2 (two) or more
Direksi Perseroan dipimpin oleh seorang Direktur Utama dan              members. The Board of Directors is led by a President Director
memiliki anggota yang sekurang-kurangnya membawahi Fungsi               and includes members who, at a minimum, oversee the Finance
Keuangan dan Fungsi Bisnis.                                             Function and the Business Function.


Pada tahun 2025, susunan Direksi Perseroan untuk periode                In 2025, there were no changes to the composition of the
2023-2028 tidak mengalami perubahan, yang terdiri dari:                 Company’s Board of Directors for the 2023-2028 term, which
                                                                        consisted of:
Direktur Utama      : Suwito Mawarwati                                  President Director : Suwito Mawarwati
Direktur		          : Beatrice Kartika                                  Director           : Beatrice Kartika
Direktur		          : Kemal Mawira                                      Director           : Kemal Mawira




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              Pengantar            Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights       Management Report          Company Profile            Business Support Overview




      Kebijakan Rangkap Jabatan Direksi                                   Policy of Concurrent Positions held by Board of
                                                                          Directors

      Sesuai dengan ketentuan yang tercantum dalam Piagam Direksi,        In accordance with the Board of Directors Charter, members of
      anggota Direksi diperbolehkan untuk merangkap jabatan dalam         the Board of Directors are permitted to concurrently serve the
      kapasitas sebagai:                                                  following capacities:
      1. anggota Direksi paling banyak pada 1 (satu) Emiten atau          1. as a member of the Board of Directors in a maximum of 1
         Perusahaan Publik lainnya;                                            (one) other Listed or Public Companies;
      2. anggota Dewan Komisaris paling banyak pada 3 (tiga) Emiten       2. as a member of the Board of Commissioners in a maximum
         atau Perusahaan Publik lainnya; dan                                   of 3 (three) other Listed or Public Companies; and
      3. anggota Komite paling banyak pada 5 (lima) komite di Emiten      3. as a member of a committee in a maximum of 5 (five)
         atau Perusahaan Publik, di mana yang bersangkutan juga                committees within Listed or Public Companies, where the
         menjabat sebagai anggota Direksi atau anggota Dewan                   individual also serves as a member of the Board of Directors
         Komisaris.                                                            or the Board of Commissioners.


      Ketentuan mengenai rangkap jabatan tidak berlaku bagi anggota       The provisions regarding concurrent positions do not apply
      Direksi yang merangkap posisi di Entitas Anak yang berada di        to members of the Board of Directors who hold positions
      bawah pengawasannya, selama tanggung jawab tambahan                 in Subsidiaries under their supervision, provided that such
      tersebut tidak mengurangi fokus atau menghambat pelaksanaan         additional responsibilities do not reduce their focus or hinder the
      tugas dan kewajiban mereka sebagai Direksi Perseroan.               performance of their duties and obligations as members of the
                                                                          Company’s Board of Directors.


      Piagam Direksi                                                      Board of Directors’ Charter

      Piagam Direksi menjadi acuan bagi Direksi dalam menjalankan         The Board of Directors’ Charter guides the Board of Directors in
      tanggung jawab kolektif, sekaligus memastikan koordinasi yang       carrying out its collective responsibilities, while also ensuring
      baik antaranggota demi pencapaian tujuan strategis Perseroan.       effective coordination among members to achieve the Company’s
      Perseroan senantiasa melakukan peninjauan dan pembaruan             strategic objectives. The Company regularly reviews and updates
      terhadap Piagam Direksi apabila diperlukan. Piagam Direksi          the Board of Directors’ Charter if necessary. The Charter has been
      telah diunggah dan dipublikasikan di situs web resmi Perseroan.     uploaded and published on the Company’s official website.


      Tugas dan Tanggung Jawab Masing-Masing                              Duties and Responsibilities of Each Member of
      Anggota Direksi                                                     the Board of Directors

      Agar pelaksanaan fungsi Direksi berjalan efektif, setiap anggota    To ensure the effective implementation of the Board of Directors’
      diberikan pembagian tugas dan tanggung jawab berdasarkan            functions, each member is assigned specific duties and
      bidang keahlian masing-masing. Rincian pembagian tersebut           responsibilities based on their respective areas of expertise.
      dijabarkan sebagai berikut:                                         Details of such assignments are described below:


      Suwito Mawarwati - Direktur Utama/CEO Grup                          Suwito Mawarwati - President Director/Group CEO

      ›   Memiliki tanggung jawab dalam mengoordinasi seluruh             ›   Responsible for coordinating all business and business
          bisnis dan kegiatan usaha Grup MPM;                                 activities of MPM Group;
      ›   Menentukan dan mengendalikan pengawasan manajemen               ›   Determining and controlling the Company's management
          Perseroan;                                                          supervision;
      ›   Menentukan dan mengawasi strategi usaha dan                     ›   Determining and overseeing business strategy and business
          pengembangan bisnis;                                                development;
      ›   Mengambil keputusan dan tindakan strategis yang                 ›   Taking necessary strategic decisions and actions;
          dibutuhkan;
      ›   Mendukung dan mencapai maksud dan tujuan Grup MPM;              ›   Supporting and achieving the aims and objectives of MPM
                                                                              Group;
      ›   Memiliki tanggung jawab untuk mengelola dan mengawasi           ›   Responsible for managing and supervising MPM Group
          operasional Grup MPM; dan                                           operations; and
      ›   Kegiatan-kegiatan lain yang berhubungan dengan                  ›   Other activities related to marketing.
          pemasaran.




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        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Beatrice Kartika - Direktur/CFO Grup                                 Beatrice Kartika - Director/Group CFO
› Mengambil keputusan dan tindakan strategis yang                    › Taking necessary strategic decisions and actions, as well as
  diperlukan, serta mengelola perencanaan dan pelaksanaan              managing the planning and execution of MPM Group activities
  kegiatan Grup MPM yang berkaitan dengan anggaran, tresuri,           related to budgeting, treasury, accounting (including Financial
  akuntansi (termasuk penyusunan Laporan Keuangan),                    Statement, preparation), taxation, financial management, and
  perpajakan, manajemen keuangan, dan hubungan investor;               investor relations; and
  dan
› Mengelola dan mengawasi operasional Grup MPM.                      ›   Managing and supervising MPM Group operations.

Kemal Mawira - Direktur                                              Kemal Mawira - Director
› Mengambil keputusan dan tindakan strategis yang                    › Taking necessary strategic decisions and actions, in
  diperlukan, dalam mengelola aspek pengembangan bisnis,               managing business development aspects, strategic
  inisiatif strategis, dan mengoptimalkan portofolio bisnis            initiatives, and optimizing the Company's business portfolios;
  Perseroan; dan                                                       and
› Mengelola dan mengawasi operasional Grup MPM.                      › Managing and supervising MPM Group operations.


Pelaksanaan Tugas Direksi                                             Duty Implementation of Board of Directors

Sepanjang tahun 2025, Direksi Perseroan telah menjalankan             Throughout 2025, the Company’s Board of Directors carried out
berbagai tugas dan tanggung jawabnya, termasuk di antaranya:          its duties and responsibilities, including, among others:
1. menyelenggarakan RUPS Tahunan pada tanggal 27 Mei                  1. convening the Annual GMS on May 27, 2025;
    2025;
2. mengadakan rapat Direksi secara rutin setiap bulan;                2. regularly holding monthly Board of Directors meetings;
3. melaksanakan rapat gabungan dengan Dewan Komisaris                 3. conducting joint meetings with the Board of Commissioners
    untuk memastikan keselarasan strategi dan pengawasan;                to ensure alignment of strategy and oversight;
4. menjamin keberlanjutan dan pertumbuhan jangka panjang              4. ensuring the sustainability and long-term growth of the
    Perseroan melalui penguatan praktik ESG;                             Company by strengthening ESG practices;
5. mengelola Perseroan sesuai dengan prinsip-prinsip GCG;             5. managing the Company in accordance with the principles of
                                                                         GCG; and
6. menyusun rencana strategi bisnis untuk pengelolaan                 6. formulating business strategic plans for the management of
   Perseroan serta Entitas Anak.                                         the Company and its Subsidiaries.


Rapat Direksi                                                         Meetings of the Board of Directors

Kebijakan Rapat Direksi                                               Board of Directors Meeting Policy
Sesuai dengan ketentuan dalam Piagam Direksi, Direksi wajib           As regulated in the Board of Directors’ Charter, the Board of
mengadakan rapat minimal satu kali setiap bulan. Selain itu,          Directors is required to hold meetings at least once a month. In
rapat tambahan dapat dilaksanakan apabila diperlukan, baik            addition, additional meetings may be convened as necessary,
atas permintaan satu atau beberapa anggota Direksi, melalui           whether at the request of one or more members of the Board
permintaan tertulis Dewan Komisaris, maupun atas inisiatif            of Directors, through a written request from the Board of
pemegang saham yang memiliki sekurang-kurangnya 1/10 (satu            Commissioners, or at the initiative of shareholders holding at
per sepuluh) dari total saham dengan hak suara. Ketentuan             least 1/10 (one-tenth) of the total voting shares. This provision
ini memastikan Direksi tetap responsif terhadap prioritas dan         ensures that the Board of Directors remains responsive to the
kebutuhan Perseroan yang terus berkembang.                            Company’s evolving priorities and needs.


Selain rapat rutin internal, Direksi juga diwajibkan mengadakan       In addition to routine internal meetings, the Board of Directors
rapat bersama Dewan Komisaris setidaknya satu kali setiap             is also required to hold joint meetings with the Board of
empat bulan. Pertemuan ini bertujuan untuk menyelaraskan arah         Commissioners at least once every four months. These meetings
strategis Perseroan serta memantau pelaksanaan kebijakan dan          aim to align the Company’s strategic direction and monitor the
perkembangan operasional. Agar rapat sah dan keputusan yang           implementation of policies and operational developments. For
diambil mengikat, lebih dari separuh jumlah anggota Direksi           meetings to be valid and for decisions to be binding, more than
harus hadir atau diwakili, menjamin partisipasi dan konsensus         half of the members of the Board of Directors must be present
yang memadai.                                                         or represented, ensuring adequate participation and consensus.


Penjadwalan seluruh Rapat Direksi maupun Rapat Direksi                The schedules of all Board of Directors’ meetings and joint
bersama Dewan Komisaris untuk tahun berikutnya dilakukan              meetings with the Board of Commissioners for the following year
sebelum berakhirnya tahun buku. Pada rapat yang telah                 are determined before the end of the financial year. For scheduled
dijadwalkan, bahan rapat akan disampaikan kepada peserta              meetings, meeting materials are distributed to participants no
paling lambat 5 (lima) hari kerja sebelum rapat diselenggarakan.      later than 5 (five) working days prior to the meeting. In the event
Dalam hal terdapat rapat yang diselenggarakan di luar jadwal          that meetings are held outside the predetermined schedule, the



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              Pengantar            Ikhtisar Kinerja              Laporan Manajemen           Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights        Management Report           Company Profile            Business Support Overview




      yang telah disusun sebelumnya, bahan rapat akan disampaikan           materials are provided to participants before the meeting begins.
      kepada peserta paling lambat sebelum rapat dimulai.


      Untuk mendukung perencanaan yang efektif, Direksi                     To support effective planning, the Board of Directors prepares
      menyusun jadwal rapat tahunan sebelum dimulainya tahun                an annual meeting schedule before the beginning of the fiscal
      fiskal. Meskipun telah direncanakan sebelumnya, jadwal ini            year. Although planned in advance, the schedule remains flexible
      tetap fleksibel dan dapat disesuaikan apabila terjadi situasi         and may be adjusted in the event of an force majeure situation
      mendesak atau perubahan signifikan dalam lingkungan bisnis            or significant changes in the business environment that require
      yang memerlukan perhatian segera.                                     immediate attention.


      Tingkat Kehadiran Rapat Direksi                                       Attendance Rate of Board of Directors Meetings
      Sepanjang tahun 2025, Direksi menyelenggarakan rapat                  Throughout 2025, the Board of Directors held a total of 14
      sebanyak 14 kali. Tingkat kehadiran masing-masing anggota             meetings. The attendance rate of each member, along with
      serta rincian agenda yang dibahas dapat dilihat pada tabel            details of the agendas discussed, is presented in the following
      berikut:                                                              table:


                                                                                                                     Peserta Rapat
            Tanggal                                                                                                   Participants
                                                               Agenda
             Date                                                                                           Suwito      Beatrice     Kemal
                                                                                                           Mawarwati    Kartika      Mawira

      23 Januari/January ›       Diskusi strategis seluruh Operating Companies/Strategic discussion with
      2025                       all Operating Companies
                         ›       Tinjauan kinerja Perseroan dan Operating Companies tahun 2024/2024              √         √           √
                                 Full Year performance review of the Company and its Operating Companies

      24 Januari/January ›       Diskusi strategis/Strategic discussion
      2025               ›       Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √         √           √
                                 performance review

      23 Februari/           ›   Diskusi strategis/Strategic discussion
      February 2025          ›   Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √         √           √
                                 performance review

      26 Maret/March         ›   Diskusi strategis/Strategic discussion
      2025                   ›   Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √         √           √
                                 performance review

      29 April 2025          ›   Diskusi strategis seluruh Operating Companies/Strategic discussion with
                                 all Operating Companies
                             ›   Tinjauan kinerja Perseroan dan Operating Companies Q1 2025/Q1 2025              √         √           √
                                 performance review of the Company and its Operating Companies

      30 April 2025          ›   Diskusi strategis/Strategic discussion
                             ›   Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √         √           √
                                 performance review

      28 Mei/May 2025        ›   Diskusi strategis/Strategic discussion
                             ›   Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √         √           √
                                 performance review

      26 Juni/June 2025      ›   Diskusi strategis/Strategic discussion
                             ›   Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √         √           √
                                 performance review

      29 Juli/July 2025      ›   Diskusi strategis Seluruh Operating companies/Strategic discussion with
                                 all Operating Companies
                             ›   Tinjauan kinerja Perseroan dan Operating Company Q2 2025/Q2 2025                √         √           √
                                 performance review of the Company and Its Operating Companies

      30 Juli/July 2025      ›   Diskusi strategis/Strategic discussion
                             ›   Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √         √           √
                                 performance review

      27-28 Agustus/         Pembahasan rencana strategi Perseroan tahun 2026/Discussion on the
      August 2025            Company strategic planning 2026                                                     √         √           √




      PT Mitra Pinasthika Mustika Tbk
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        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




                                                                                                              Peserta Rapat
      Tanggal                                                                                                  Participants
                                                       Agenda
       Date                                                                                          Suwito       Beatrice    Kemal
                                                                                                    Mawarwati     Kartika     Mawira

30 September 2025 ›      Diskusi strategis/Strategic discussion
                  ›      Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √           √           √
                         performance review

29 Oktober/October ›     Diskusi strategis/Strategic discussion
2025               ›     Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √           √           √
                         performance review

25 November 2025     ›   Diskusi strategis/Strategic discussion
                     ›   Tinjauan kinerja bulanan Perseroan 2025/2025 Company monthly                    √           √           √
                         performance review

Total Kehadiran dalam Rapat
                                                                                                         14           14         14
Total Attendance in Meetings

Total Rapat
                                                                                                         14           14         14
Total Number of Meetings

Tingkat Kehadiran
                                                                                                       100%         100%        100%
Attendance Rate

Rata-rata Kehadiran
                                                                                                                   100%
Average Attendance Rate



Tingkat Kehadiran Direksi dalam                         Rapat         Board of Directors’ Attendance at Joint
Gabungan dengan Dewan Komisaris                                       Meetings with the Board of Commissioners

Informasi kehadiran Direksi dalam rapat gabungan dengan               Information regarding the attendance of the Board of Directors at
Dewan Komisaris dapat dilihat pada bagian Rapat Dewan                 joint meetings with the Board of Commissioners is presented in
Komisaris.                                                            the section of Board of Commissioners Meetings.


Tingkat Kehadiran Direksi dalam RUPS                                  Board of Directors’ Attendance at the GMS

Informasi terkait kehadiran Direksi dalam RUPS Tahunan 2025           Information regarding the attendance of the Board of Directors at
disajikan pada bagian RUPS.                                           the 2025 Annual GMS is presented in the section of GMS.


Pelatihan dan/atau Peningkatan Kompetensi                             Training and/or Competency Development of
Direksi                                                               the Board of Directors

Kebijakan Pelatihan dan Peningkatan Kompetensi                        Training and Competency Development Policy
Perseroan mendorong Direksi untuk terus meningkatkan                  The Company encourages members of the Board of Directors
kapabilitas profesional melalui program pengembangan yang             to continuously enhance their professional capabilities through
relevan, termasuk pelatihan, seminar, lokakarya, dan konferensi.      relevant development programs, including training, seminars,
Tujuan dari program ini adalah membekali Direksi dengan               workshops, and conferences. These programs aim to equip the
pengetahuan dan keterampilan terkini yang diperlukan untuk            Board of Directors with up-to-date knowledge and skills required
menjalankan pengelolaan Perseroan secara efektif, mengambil           to manage the Company effectively, make strategic decisions,
keputusan strategis, dan memastikan keselarasan dengan                and ensure alignment with good corporate governance practices.
praktik tata kelola perusahaan yang baik.


Pelaksanaan Pelatihan dan Peningkatan Kompetensi                      Implementation of Training and Competency Development
Pada tahun 2025, anggota Direksi aktif mengikuti berbagai             In 2025, members of the Board of Directors actively participated
program peningkatan kompetensi sesuai kebutuhan dan                   in various competency development programs in accordance
tanggung jawab masing-masing. Program-program ini                     with their respective needs and responsibilities. These programs
mendukung Direksi dalam menghadapi dinamika bisnis dan                supported the Board of Directors in addressing business
memastikan pelaksanaan strategi Perseroan berjalan optimal.           dynamics and ensuring the optimal execution of the Company’s
Rincian kegiatan pelatihan dan pengembangan yang diikuti oleh         strategies. Details of the training and development activities
anggota Direksi dapat dilihat pada tabel berikut:                     attended by members of the Board of Directors are presented in
                                                                      the following table:



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              Pengantar             Ikhtisar Kinerja               Laporan Manajemen            Profil Perusahaan            Tinjauan Pendukung Bisnis
              Introduction          Performance Highlights         Management Report            Company Profile              Business Support Overview




          Nama           Jabatan                      Materi Pelatihan                      Waktu                   Tempat        Penyelenggara
          Name           Position                    Training Materials                     Date                     Venue          Organizer
      Direksi
      Board of Directors
       Suwito         Direktur          MPM Group Economy Outlook 2026                 22 September         MPM Head              Internal
       Mawarwati      Utama                                                            2025                 Office, Menara
                      President                                                                             Karya
                      Director          Empowering Talent, Leveraging AI and           23 September         Hotel Mulia           Internal
                                        Building Stronger Brands                       2025                 Jakarta
       Beatrice       Direktur          HSBC      Summit     2025    “Transforming     22 April 2025        The Ritz Carlton      HSBC
       Kartika        Director          Indonesia: Redefining Growth, Reimagining                           Hotel Pacific
                                        Future”                                                             Place
                                        KPMG’s Asia Pacific Board Leadership           6 Juli/July 2025     Online                KPMG
                                        Centre webinar titled “2023 Board and Audit
                                        Committee Priorities”
                                        MPM Group Economy Outlook 2026                 22 September         MPM Head              Internal
                                                                                       2025                 Office, Menara
                                                                                                            Karya
                                        Empowering Talent, Leveraging AI and 23 September                   Hotel Mulia           Internal
                                        Building Stronger Brands                    2025                    Jakarta
                                        Planning Cycle with Balance Scorecard (BSC) 25 September            Menara Karya          Internal
                                                                                    2025
                                        Permata Bank Economic Outlook 2026 28 Oktober/                      St. Regis Jakarta     Permata Bank
                                        “Reviving Domestic Growth, Navigating October 2025
                                        Global Shocks”
                                        KPMG Tax Updates: Individual Tax Reporting 11 Desember/             Online                KPMG
                                        via Coretax                                 December 2025
       Kemal          Direktur          MPM Group Economy Outlook 2026              22 September            MPM Head              Internal
       Mawira         Director                                                      2025                    Office, Menara
                                                                                                            Karya
                                        Empowering Talent, Leveraging AI and           23 September         Hotel Mulia           Internal
                                        Building Stronger Brands                       2025                 Jakarta
                                        Dialog Akhir Tahun antara Anggota Dewan        5 Desember/          Ballroom Hotel        Otoritas Jasa
                                        Komisioner OJK dan Industri Jasa Keuangan      December 2025        The Ritz-Carlton      Keuangan
                                        Tahun 2025                                                          Jakarta
                                        Year-End Dialogue between Members of
                                        the Board of Commissioners of OJK and the
                                        Financial Services Industry in 2025

      Program Orientasi Anggota Direksi                                      Board of Directors’s Orientation Program

      Perseroan juga menerapkan program orientasi bagi Direksi yang          The Company also implements an orientation program for newly
      baru diangkat. Program ini mencakup pengenalan terhadap visi,          appointed Directors. This program includes an introduction to
      misi, dan strategi Perseroan, proses pengambilan keputusan,            the Company’s vision, mission, and strategy, decision-making
      prinsip GCG, kebijakan internal, serta kewajiban hukum dan             processes, GCG principles, internal policies, as well as applicable
      regulasi yang berlaku.                                                 legal and regulatory obligations.


      Penyelenggaraan program orientasi dapat dilakukan oleh                 The orientation program can be conducted by the Board of
      Direksi, Sekretaris Perusahaan, serta divisi-divisi atau unit-         Directors, the Corporate Secretary, and relevant divisions or
      unit terkait dengan cara memberikan pemaparan, kunjungan               units through presentations, visits to various Company activities,
      ke berbagai kegiatan Perusahaan, dan/atau pertemuan serta              and/or meetings and discussions with members of the Board of
      diskusi dengan anggota Dewan Komisaris dan Direksi lain.               Commissioners and other Board of Directors.


      Pada tahun 2025, tidak terdapat program orientasi yang diberikan       In 2025, no orientation program was conducted as there were no
      karena tidak terdapat pengangkatan anggota Direksi baru.               new appointments to the Board of Directors.


      Perencanaan Suksesi Direksi                                            Board of Directors’ Succession Planning

      Dewan Komisaris, dengan dukungan Komite Nominasi dan                   The Board of Commissioners, with the support of the Nomination
      Remunerasi serta bekerja sama dengan Divisi Sumber Daya                and Remuneration Committee and in collaboration with the
      Manusia, menyusun dan mengawasi rencana suksesi untuk                  Human Resources Division, develops and oversees a succession
      posisi Direksi guna menjaga kesinambungan kepemimpinan                 plan for Board of Directors positions to ensure leadership
      serta mendukung keberlanjutan Perseroan. Rencana ini                   continuity and support the Company’s sustainability. The plan

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        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




mencakup identifikasi kandidat potensial, penilaian kompetensi,        includes identification of potential candidates, competency
evaluasi   pendekatan        kepemimpinan,      pengembangan           assessment, evaluation of leadership approaches, development
kapasitas manajerial, program pengembangan dan pelatihan               of managerial capacity, leadership enhancement and training
kepemimpinan, serta fasilitasi bagi calon pemimpin.                    programs, and facilitation for prospective leaders.


Hubungan Afiliasi Anggota Direksi dengan                               Affiliation Relationships of Directors with the
Dewan Komisaris, Anggota Direksi Lainnya,                              Board of Commissioners, Other Directors, and
serta Pemegang Saham Pengendali                                        Controlling Shareholders

Terkait independensi, salah satu anggota Direksi, Kemal Mawira,        Regarding independence, one member of the Board of Directors,
tercatat memiliki hubungan afiliasi dengan Pemegang Saham              Kemal Mawira, is affiliated with the Company’s Controlling
Pengendali Perseroan, yaitu PT Saratoga Investama Sedaya Tbk.          Shareholder, namely PT Saratoga Investama Sedaya Tbk.


Di luar pengecualian tersebut, mayoritas anggota Direksi tidak         Apart from this exception, the majority of the Board of Directors
memiliki hubungan keuangan maupun hubungan pribadi dengan              have no financial or personal relationships with fellow Directors,
sesama anggota Direksi, anggota Dewan Komisaris, ataupun               members of the Board of Commissioners, or the Company’s
Pemegang Saham Pengendali Perseroan. Hal ini memastikan                Controlling Shareholder. This ensures that the independence and
bahwa independensi dan objektivitas Direksi tetap terjaga dalam        objectivity of the Directors are maintained in performing their
pelaksanaan tugas dan pengambilan keputusan.                           duties and making decisions.


Rincian mengenai hubungan afiliasi ini disajikan dalam tabel           Details of those affiliation relationships are presented in the
berikut:                                                               following table:


                                                 Hubungan Keluarga dengan                         Hubungan Keuangan dengan
                                                   Family Relations with                            Financial Relations with
                                                              Pemegang Saham                                        Pemegang Saham
     Nama             Jabatan                                  Utama dan/atau                                        Utama dan/atau
                                          Dewan                                    Dewan
     Name             Position                       Direksi Pemegang Saham                                Direksi Pemegang Saham
                                        Komisaris                                Komisaris
                                                    Board of     Pengendali                               Board of     Pengendali
                                         Board of                                 Board of
                                                    Directors    Major and/                               Directors    Major and/
                                      Commissioners                            Commissioners
                                                                or Controlling                                        or Controlling
                                                                Shareholders                                          Shareholders

Suwito           Direktur Utama              -             -               -                  -              -                -
Mawarwati        President Director

Beatrice Kartika Direktur                    -             -               -                  -              -                -
                 Director

Kemal Mawira     Direktur                    -             -               -                  -              -               √
                 Director



Penilaian Kinerja Satuan Kerja di bawah Direksi                        Performance Assessment of Units Under the
                                                                       Board of Directors

Direksi dibantu oleh beberapa satuan kerja yang berada di              The Board of Directors is supported by several units under its
bawah koordinasinya, antara lain Sekretaris Perusahaan, Unit           coordination, including the Corporate Secretary, Internal Audit
Audit Internal, dan Tim Manajemen Risiko. Untuk memastikan             Unit, and Risk Management Team. To ensure the effectiveness
efektivitas pelaksanaan tugas dan fungsi pengawasan, Direksi           of task execution and supervisory functions, the Board conducts
melakukan evaluasi berkala terhadap kinerja satuan kerja               periodic evaluations of these units’ performance.
tersebut.


Kriteria Penilaian Kinerja Satuan Kerja di bawah                       Performance Assessment Criteria for Units
Direksi                                                                Under the Board of Directors

Penilaian kinerja satuan kerja dilakukan berdasarkan beberapa          The performances of these units are assessed based on several
kriteria utama yang meliputi:                                          key criteria, including:
1. pemenuhan pelaksanaan tugas dan tanggung jawab;                     1. fulfillment of duties and responsibilities;
2. kualitas saran dan rekomendasi yang diberikan; dan                  2. quality of advice and recommendations provided; and
3. pencapaian kinerja selama tahun buku.                               3. achievement of performance targets during the fiscal year.



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              Pengantar            Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights        Management Report          Company Profile            Business Support Overview




      Hasil Penilaian Kinerja Satuan Kerja di bawah                        Results of the Performance Assessment of
      Direksi                                                              Units Under the Board of Directors

      Sepanjang tahun 2025, Direksi menilai bahwa Sekretaris               Throughout 2025, the Board assessed that the Corporate
      Perusahaan, Unit Audit Internal, dan Tim Manajemen Risiko            Secretary, Internal Audit Unit, and Risk Management Team had
      telah menjalankan peran mereka secara efektif, mendukung             effectively performed their roles, supporting supervision and
      pengawasan serta pengendalian internal dari aspek operasional,       internal control over operational, financial, and compliance
      keuangan, dan kepatuhan. Hasil evaluasi ini akan menjadi             aspects. The evaluation results serve as a basis for performance
      dasar perbaikan dan penyempurnaan kinerja pada tahun buku            improvements in the following fiscal year.
      berikutnya.


      Informasi tentang Penilaian Direksi terhadap                         Information on the Board’s Assessment of
      Kinerja Komite di bawah Direksi                                      Committees Under the Board of Directors

      Hingga tahun 2025, Perseroan belum membentuk Komite di               Until 2025, the Company had not established any Committees
      bawah Direksi. Oleh karena itu, tidak terdapat informasi terkait     under the Board of Directors. Therefore, we could not provide
      penilaian kinerja Komite di bawah Direksi.                           any information on the performance assessment for Committees
                                                                           under the Board of Directors.




      Kebijakan Keberagaman Komposisi Dewan
      Komisaris dan Direksi
      Policy on Diversity of Board of Commissioners and Board of Directors

      Perseroan menempatkan keberagaman sebagai salah satu prinsip         The Company considers diversity as a core principle in forming
      utama dalam pembentukan Dewan Komisaris dan Direksi. Dalam           the Board of Commissioners and the Board of Directors. During
      proses seleksi anggota, selain menyesuaikan dengan kebutuhan         the member selection process, in addition to aligning with
      strategis Perseroan, berbagai faktor dipertimbangkan secara          the Company’s strategic needs, several factors are carefully
      seksama, termasuk latar belakang pendidikan, pengalaman              considered, including educational background, professional
      profesional, kompetensi teknis, usia, dan gender.                    experience, technical competencies, age, and gender.


      Pendekatan ini tidak hanya menekankan inklusivitas dan non-          This approach emphasizes inclusivity and non-discrimination
      diskriminasi, tetapi juga memastikan adanya perspektif yang          while ensuring diverse perspectives in decision-making and
      beragam dalam pengambilan keputusan dan pengelolaan                  management of the Company. The diversity policy is outlined
      Perseroan. Kebijakan keberagaman dijabarkan dalam Piagam             in the Charter of the Board of Commissioners and the Board of
      Dewan Komisaris dan Direksi, dan penerapannya terlihat dari          Directors, and its implementation is described on the members’
      profil anggota, mencakup riwayat pendidikan, pengalaman kerja,       profiles, including education, work experience, special expertise,
      keahlian khusus, usia, serta representasi gender. Informasi lebih    age, and gender representation. Detailed information on member
      rinci mengenai keberagaman anggota dapat ditemukan pada Bab          diversity is available in the Company Profile chapter, under
      Profil Perusahaan, pada bagian Dewan Komisaris dan Direksi.          the Board of Commissioners and the Board of Directors section.




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        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




Penilaian Kinerja Dewan Komisaris dan Direksi
Performance Assessment of the Board of Commissioners and the Board of
Directors

Prosedur Penilaian Kinerja Dewan Komisaris                             Board   of   Commissioners’                     Assessment
dan Pihak Penilai                                                      Procedures and Assessors

Dewan Komisaris melakukan penilaian kinerjanya setiap tahun            The Board of Commissioners conducts an annual assessment
melalui mekanisme self-assessment, yang mencakup evaluasi              of its performance through a self-assessment mechanism,
baik secara kolektif maupun individu. Dalam proses ini, setiap         including both collective and individual evaluations. Each member
anggota menilai pelaksanaan tugas dan tanggung jawab Dewan             evaluates the overall fulfillment of the Board of Commissioners’
Komisaris secara keseluruhan, sekaligus menilai kontribusi             duties and responsibilities while also assessing their personal
pribadi masing-masing anggota berdasarkan tolok ukur yang              contributions against mutually agreed indicators.
telah disepakati bersama.


Kriteria penilaian ditetapkan dengan mempertimbangkan                  Assessment criteria are established based on recommendations
rekomendasi dari Komite Nominasi dan Remunerasi, sehingga              from the Nomination and Remuneration Committee, ensuring an
proses evaluasi berlangsung secara objektif dan terukur.               objective and measurable evaluation process. Upon completion,
Setelah seluruh penilaian selesai, hasilnya disampaikan kepada         the results are presented to Shareholders during the Annual GMS
Pemegang Saham melalui RUPS Tahunan untuk memperoleh                   for approval and recorded in the Company’s Annual Report to
persetujuan, serta dicatat dalam Laporan Tahunan Perseroan             ensure transparency and accountability.
guna memastikan transparansi dan akuntabilitas.


Kriteria Penilaian Kinerja Dewan Komisaris                             Board of Commissioners’                        Performance
                                                                       Assessment Criteria

Adapun kriteria yang digunakan untuk menilai kinerja Dewan             The self-assessment criteria for the Board of Commissioners
Komisaris secara self-assessment meliputi:                             include:
1. pencapaian pelaksanaan rapat Dewan Komisaris;                       1. achievement in conducting Board meetings;
2. kehadiran dan partisipasi anggota Dewan Komisaris;                  2. attendance and participation of Board members;
3. ketertiban administrasi;                                            3. administrative systemization;
4. integritas dan keterbukaan anggota Dewan Komisaris; dan             4. integrity and transparency of Board members; and
5. partisipasi dan kontribusi dalam fungsi pengawasan                  5. participation and contribution in supervisory functions.
   Perseroan.


Hasil Penilaian Kinerja Dewan Komisaris                                Results of the Board of Commissioners’
                                                                       Performance Assessment

Pada tahun 2025, Dewan Komisaris menunjukkan kinerja yang              In 2025, the Board of Commissioners demonstrated effective
baik dan efektif dalam menjalankan tanggung jawabnya. Dewan            and high-quality performance in executing its responsibilities.
Komisaris tidak hanya mengawasi jalannya operasional dan               The Board of Commissioners not only oversaw the Company’s
strategi Perseroan, tetapi juga memberikan masukan dan arahan          operations and strategy implementation but also provided
strategis yang konstruktif kepada Direksi. Selain itu, Dewan           constructive strategic guidance to the Board of Directors.
Komisaris secara konsisten memastikan Perseroan mematuhi               Additionally, the Board of Commissioners consistently ensured
seluruh peraturan perundang-undangan, standar GCG, dan prinsip         regulatory compliance, GCG standards, and ethical principles,
etika, sehingga integritas dan kepatuhan Perseroan tetap terjaga.      thereby maintaining the Company’s integrity and compliance.


Prosedur Penilaian Kinerja Direksi dan Pihak                           Board of Directors Assessment Procedure and
Penilai                                                                Assessors

Direksi melakukan evaluasi kinerjanya setiap tahun melalui             The Board of Directors conducts an annual self-assessment,
mekanisme self-assessment yang mencakup penilaian secara               including collective and individual evaluations. All members
kolektif maupun individu. Dalam proses ini, seluruh anggota            evaluate the effectiveness of the Board of Directors’ in carrying
menilai efektivitas pelaksanaan tugas dan tanggung jawab Direksi       out its overall duties and responsibilities while assessing
secara keseluruhan, sekaligus menilai kontribusi pribadi masing-       individual contributions based on mutually agreed indicators.
masing anggota berdasarkan tolok ukur yang telah disepakati.



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              Pengantar            Ikhtisar Kinerja             Laporan Manajemen          Profil Perusahaan        Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights       Management Report          Company Profile          Business Support Overview




      Kriteria penilaian ditetapkan dengan mempertimbangkan               Assessment criteria are determined by taking into account
      rekomendasi dari Komite Nominasi dan Remunerasi, sehingga           recommendations from the Nomination and Remuneration
      proses evaluasi berlangsung objektif dan selaras dengan             Committee, ensuring objectivity and alignment with the
      tujuan strategis Perseroan. Hasil penilaian disampaikan kepada      Company’s strategic objectives. Assessment results are
      Pemegang Saham melalui RUPS Tahunan untuk memperoleh                presented to Shareholders during the Annual GMS for approval
      persetujuan, sekaligus dicatat dalam Laporan Tahunan sebagai        and recorded in the Annual Report to ensure transparency and
      bentuk transparansi dan akuntabilitas.                              accountability.


      Kriteria Penilaian Kinerja Direksi                                  Board of Directors’ Performance Assessment
                                                                          Criteria

      Penilaian kinerja Direksi difokuskan pada capaian-capaian yang      The Board of Directors’ performance assessment focuses
      mencerminkan efektivitas pengelolaan Perseroan, antara lain:        on achievements reflecting the effectiveness of Company
                                                                          management, including:
      1. pencapaian target bisnis yang harus dicapai;                     1. achievement of business targets;
      2. pencapaian rencana jangka pendek dan jangka panjang              2. achievement of the Company’s short- and long-term plans;
         Perseroan; dan                                                      and
      3. pencapaian anggaran dan pendapatan.                              3. achievement of budget and revenue target.


      Hasil Penilaian Kinerja Direksi                                     Results of the Board of Directors’ Performance
                                                                          Assessment

      Sepanjang tahun 2025, Direksi berhasil menunjukkan                  Throughout 2025, the Board of Directors demonstrated effective
      kepemimpinan dan pengambilan keputusan yang efektif.                leadership and decision-making. They not only ensured that
      Direksi tidak hanya memastikan pelaksanaan rencana strategis        strategic plans were carried out according to targets but
      Perseroan berjalan sesuai target, tetapi juga mampu menavigasi      also successfully navigated emerging risks and challenges,
      risiko dan tantangan yang muncul, sehingga mendorong kinerja        driving solid operational and financial performance. Their rapid
      operasional dan keuangan yang solid. Adaptasi cepat terhadap        adaptation to changing business conditions contributed to the
      perubahan kondisi bisnis turut berkontribusi pada kesuksesan        Company’s sustainable success.
      Perseroan yang berkelanjutan.


      Penilaian Kinerja Masing-Masing Anggota                             Individual Performance Assessment of Each
      Dewan Komisaris dan Direksi                                         Member of the Board of Commissioners and
                                                                          the Board of Directors

      Selain penilaian secara kolektif, setiap anggota Dewan Komisaris    In addition to the collective evaluation, each member of the
      maupun Direksi menjalani evaluasi kinerja secara individual.        Board of Commissioners and the Board of Directors undergoes
      Proses ini menilai kontribusi masing-masing anggota dalam           an individual performance assessment. This process evaluates
      rapat, efektivitas laporan dari Komisaris Utama atau Direktur       each member’s contribution in meetings, the effectiveness of
      Utama, serta pencapaian di bidang operasional, keuangan, dan        reports from the President Commissioner or President Director,
      pengelolaan sumber daya manusia. Hasil evaluasi individu ini        and the achievements in operational, financial, and human
      kemudian dicatat dan diungkapkan dalam laporan tanggung             resource management areas. Individual evaluation results are
      jawab Dewan Komisaris dan Direksi, sehingga setiap peran dan        recorded and disclosed in the accountability report of the Board
      kontribusi anggota diakui secara jelas dan transparan bagi para     of Commissioners and the Board of Directors, ensuring that each
      pemangku kepentingan.                                               member’s role and contribution are clearly and transparently
                                                                          recognized by stakeholders.




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        Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




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


Penetapan remunerasi bagi Dewan Komisaris dan Direksi berada        The determination of remuneration for the Board of
di bawah wewenang RUPS, yang mencakup gaji, uang jasa,              Commissioners and the Board of Directors is the authority of the
dan tunjangan lainnya. RUPS dapat mendelegasikan sebagian           GMS, comprising salaries, fees, and other allowances. The GMS
kewenangannya kepada Dewan Komisaris untuk menetapkan               may delegate part of its authority to the Board of Commissioners
remunerasi tahunan yang tepat bagi anggota Dewan Komisaris          to set appropriate annual remuneration for members of both the
dan Direksi.                                                        Board of Commissioners and the Board of Directors.


Dalam praktiknya, penentuan remunerasi dilakukan dengan             In practice, remuneration is determined based on
mempertimbangkan rekomendasi dari Komite Nominasi dan               recommendations from the Nomination and Remuneration
Remunerasi. Komite ini menilai besaran remunerasi berdasarkan       Committee. The Committee evaluates the amounts according
indikator dan kriteria kinerja yang telah ditetapkan, kemudian      to pre-established performance indicators and criteria, then
menyampaikan rekomendasi kepada Dewan Komisaris. Dewan              submits recommendations to the Board of Commissioners. The
Komisaris mengevaluasi rekomendasi tersebut sebelum                 Board of Commissioners evaluates the recommendations before
menetapkannya secara resmi atau mengajukannya kembali               officially approving them or resubmitting to the GMS within the
kepada RUPS sesuai kewenangan yang diberikan.                       delegated authority.


Prosedur Penetapan                Remunerasi         Dewan          Remuneration Determination Procedure for
Komisaris dan Direksi                                               the Board of Commissioners and the Board of
                                                                    Directors

Prosedur yang diterapkan untuk menetapkan remunerasi Dewan          The procedure for determining the remuneration of the Board of
Komisaris dan Direksi adalah sebagai berikut:                       Commissioners and the Board of Directors is as follows:
1. Komite Nominasi dan Remunerasi meninjau struktur dan             1. The Nomination and Remuneration Committee reviews
   jumlah remunerasi Dewan Komisaris dan Direksi;                      the structure and amount of remuneration for the Board of
                                                                       Commissioners and the Board of Directors;
2. Komite Nominasi dan Remunerasi memberikan rekomendasi            2. The Nomination and Remuneration Committee provides
   mengenai peningkatan remunerasi tahun berikutnya untuk              recommendations for remuneration adjustments in the
   Dewan Komisaris dan Direksi;                                        following year for both the Board of Commissioners and the
                                                                       Board of Directors;
3. rekomendasi kemudian akan dievaluasi oleh Dewan                  3. recommendations are evaluated by the Board of
   Komisaris; dan                                                      Commissioners; and
4. rekomendasi yang telah dievaluasi akan diusulkan oleh            4. evaluated recommendations are submitted by the Board of
   Dewan Komisaris kepada RUPS untuk dimintai persetujuan              Commissioners to the GMS for approval or approved by the
   atau disetujui oleh Dewan Komisaris berdasarkan pelimpahan          Board of Commissioners within delegated authority from
   kewenangan RUPS kepada Dewan Komisaris.                             GMS.


Indikator Penetapan               Remunerasi         Dewan          Determination Indicators for Remuneration of
Komisaris dan Direksi                                               the Board of Commissioners and the Board of
                                                                    Directors

Indikator yang digunakan sebagai bahan pertimbangan dalam           Indicators used as considerations in determining remuneration of
penetapan remunerasi bagi Dewan Komisaris dan Direksi               the Board of Commissioners and the Board of Directors include:
meliputi:
1. tanggung jawab, pengalaman, pengetahuan, dan keterampilan        1. responsibilities, experience, knowledge, and skills of the
    yang dimiliki Dewan Komisaris dan Direksi;                         members of the Board of Commissioners and the Board of
                                                                       Directors;
2. perbandingan terhadap perusahaan dalam industri sejenis          2. comparisons with peer companies conducted periodically;
   yang dilakukan secara berkala;
3. kinerja keuangan Perseroan dan pemenuhan kewajiban               3. the Company’s financial performance and fulfillment of
   keuangan;                                                           financial obligations;
4. kinerja, tugas, tanggung jawab dan wewenang masing-              4. performance, duties, responsibilities, and authorities of each
   masing anggota Dewan Komisaris dan Direksi;                         member of the Board of Commissioners and the Board of
                                                                       Directors;

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              Introduction             Performance Highlights   Management Report          Company Profile          Business Support Overview




      5. pencapaian tujuan kinerja jangka pendek dan jangka panjang       5. achievement of short- and long-term performance objectives
         senantiasa selaras dengan strategi Perseroan; dan                   consistently aligned with the Company’s strategies; and
      6. target Perseroan dan individu, non-monetary benefit, serta       6. the Company’s and individual targets, non-monetary benefits,
         hasil kerja individu dan Perseroan.                                 as well as individual and the Company’s performance results.


      Struktur Remunerasi Dewan Komisaris dan                             Remuneration Structure for the Board of
      Direksi                                                             Commissioners and Board of Directors

      Struktur remunerasi bagi Dewan Komisaris dan Direksi ditetapkan     The remuneration structure for the Board of Commissioners
      melalui Kompensasi Manajemen Inti, yang dirancang untuk             and the Board of Directors is established through the
      mencerminkan tanggung jawab, peran, dan kinerja masing-             Key Management Compensation, designed to reflect the
      masing anggota.                                                     responsibilities, roles, and performance of each member.




      Kompensasi Manajemen Inti
      Key Management Compensation

      Manajemen inti mencakup seluruh anggota Dewan Komisaris             Key management includes all members of the Company’s Board
      dan Direksi Perseroan, termasuk Direksi pada Entitas Anak.          of Commissioners and Board of Directors, including the Board
      Kompensasi yang diterima oleh manajemen inti disusun                of Directors of Subsidiaries. Compensation received by key
      sedemikian rupa agar sejalan dengan tanggung jawab strategis        management members is designed to align with the strategic
      dan kepemimpinan yang mereka emban, serta mendorong                 responsibilities and leadership roles they hold, encouraging
      pencapaian kinerja yang optimal.                                    optimal performance.


      Untuk tahun buku 2025, total kompensasi yang diberikan              For the 2025 fiscal year, the total compensation paid to key
      kepada manajemen inti mengilustrasikan peran penting mereka         management members reflected their critical roles in strategic
      dalam pengawasan strategis, pengambilan keputusan, serta            oversight, decision-making, and leadership over the Company
      kepemimpinan atas Perseroan dan Entitas Anak. Struktur              and its Subsidiaries. The structure balanced competitive
      ini mencerminkan upaya Perseroan untuk menyeimbangkan               remuneration with performance achievements oriented toward
      antara remunerasi yang kompetitif dan pencapaian kinerja yang       the Company’s sustainability.
      berorientasi pada keberlanjutan Perseroan.


                                                                            2025                                  2024
                                                                               Persentase dari                       Persentase dari
                               Uraian                                            Total Biaya                           Total Biaya
                             Description                         (Rp)           Percentage of            (Rp)         Percentage of
                                                                                Total Expense                         Total Expense
                                                                                      (%)                                  (%)*

      Kompensasi Manajemen Inti
                                                                54.010              5,75               52.156              5,74
      Key Management Compensation


      *Disajikan kembali/As restated


      Informasi mengenai remunerasi anggota Dewan Komisaris               Information regarding the remuneration of the members of
      dan Direksi Perseroan disajikan secara keseluruhan, dengan          the Board of Commissioners and the Board of Directors of the
      mempertimbangkan berbagai aspek yang relevan.                       Company is presented comprehensively, taking into account
                                                                          various relevant aspects.




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        Management Discussion and Analysis               Corporate Governance              Environmental and Social Responsibility




Komite Audit
Audit Committee


Sebagai organ pendukung Dewan Komisaris, Komite Audit                    As a supporting organ of the Board of Commissioners, the Audit
dibentuk untuk membantu pengawasan operasional Perseroan                 Committee is established to assist in the comprehensive and
secara menyeluruh dan efektif. Komite ini bertanggung jawab              effective supervision of the Company’s operations. This committee
memastikan keakuratan dan transparansi Laporan Keuangan,                 is responsible for ensuring the accuracy and transparency of the
menilai efektivitas sistem pengendalian internal, mengawasi              Financial Statements, assessing the effectiveness of the internal
pelaksanaan audit internal maupun eksternal, serta memastikan            control system, overseeing the implementation of internal and
kepatuhan Perseroan terhadap prinsip Tata Kelola Perusahaan yang         external audits, and ensuring the Company’s compliance with
Baik dan peraturan perundang-undangan yang berlaku. Fungsi-              Good Corporate Governance principles and applicable laws and
fungsi ini menegaskan peran Komite Audit sebagai pengawal                regulations. These functions underscore the role of the Audit
integritas keuangan Perseroan dan GCG.                                   Committee in guarding the Company’s financial integrity and GCG.


Piagam Komite Audit                                                      Audit Committee’s Charter

Kegiatan Komite Audit dilaksanakan berdasarkan Piagam Komite             The activities of the Audit Committee are carried out based on
Audit, yang memberikan kerangka kerja dan pedoman operasional            the Audit Committee Charter, which provides a clear framework
yang jelas. Piagam ini ditinjau secara berkala dan diperbarui sesuai     and operational guidelines. This charter is periodically reviewed
dengan praktik GCG yang berkembang serta ketentuan peraturan             and updated in accordance with evolving GCG practices and the
terbaru. Untuk menjamin keterbukaan informasi, Piagam Komite             latest regulatory requirements. To ensure transparency, the Audit
Audit telah dipublikasikan dan dapat diakses melalui situs web           Committee Charter has been published and is accessible through
resmi Perseroan.                                                         the Company’s official website.


Komposisi dan Masa Jabatan Komite Audit                                  Composition and Term of Office of the Audit
                                                                         Committee

Pengangkatan dan pemberhentian anggota Komite Audit                      The Audit Committee members are appointed and dismissed
ditetapkan oleh Dewan Komisaris, dengan pertimbangan                     by the Board of Commissioners, considering their capability to
kemampuan untuk menjalankan fungsi pengawasan secara                     perform oversight functions effectively. The term of office for
efektif. Masa jabatan masing-masing anggota Komite Audit                 each Audit Committee member aligns with the term of office of
disesuaikan dengan periode jabatan Dewan Komisaris, sehingga             the Board of Commissioners, ensuring continuity and consistency
kontinuitas dan konsistensi pengawasan dapat terjaga.                    in oversight. According to the Audit Committee Charter, the
Berdasarkan Piagam Komite Audit, susunan anggota komite dan              composition and roles of the committee members are as follows:
peranannya dijabarkan sebagai berikut:
1. Komite Audit diangkat dan diberhentikan oleh Dewan                    1. The Audit Committee is appointed and dismissed by the
    Komisaris;                                                              Board of Commissioners;
2. Komite Audit paling kurang terdiri dari 3 (tiga) anggota              2. The Audit Committee consists of at least 3 (three) members,
    yang berasal dari Komisaris Independen dan pihak dari luar              comprising Independent Commissioner and external parties; and
    Perseroan; dan
3. Komite Audit diketuai oleh Komisaris Independen.                      3. The Audit Committee is chaired by an Independent
                                                                            Commissioner.
Profil Komite Audit
Audit Committee Profile
BENNY REDJO SETYONO
Jabatan                                   Ketua
Position                                  Chairman
Warga Negara                              Indonesia
Citizen
Usia                                      65 tahun
Age                                       65 years old
Domisili                                  Jakarta
Domiciled
Dasar Hukum Pengangkatan                  Keputusan Dewan Komisaris tanggal 6 Juni 2023 (2023-2028).
Legal Basis of Appointment                Board of Commissioners’ Decision dated June 6, 2023 (2023-2028).



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              Introduction           Performance Highlights        Management Report           Company Profile              Business Support Overview




      ARIA KANAKA
      Jabatan                    Anggota
      Position                   Member
      Warga Negara               Indonesia
      Citizen
      Usia                       51 tahun
      Age                        51 years old
      Domisili                   Jakarta
      Domiciled
      Dasar Hukum                Keputusan Dewan Komisaris tanggal 6 Juni 2023 (2023-2028).
      Pengangkatan               Board of Commissioners’ Decision dated June 6, 2023 (2023-2028).
      Legal Basis of
      Appointment
      Riwayat Pendidikan         ›   Sarjana Ekonomi dari Universitas Indonesia (1997);   ›   Bachelor of Economics from Universitas
      dan/atau Sertifikasi                                                                    Indonesia (1997);
      Educational                ›   Register Negara untuk Akuntan dari Departemen        ›   State Register for Accountants from the
      Background and/ or             Keuangan Republik Indonesia No. D-20.826 (2000);         Ministry of Finance the Republic of Indonesia
      Certification                                                                           No. D-20.826 (2000);
                                 ›   Sertifikasi Akuntan Publik (USAP) dari Ikatan        ›   Public Accountant Certification (USAP) from the
                                     Akuntan Indonesia (2003); dan                            Institute of Indonesia Chartered Accountants
                                                                                              (2003); and
                                 ›   Magister Akuntansi dari Universitas Indonesia        ›   Master of Accounting from Universitas Indonesia
                                     (2010).                                                  (2010).
      Riwayat Jabatan            ›   Asisten Dosen Fakultas Ekonomi Universitas           ›   Assistant Lecturer at Faculty of Economics
      History of previous            Indonesia (1997-2000);                                   Universitas Indonesia (1997-2000);
      Position                   ›   Auditor Kantor Akuntan Publik Prasetio, Utomo        ›   Auditor of Public Accounting Firm Prasetio,
                                     & Co (member firm Andersen Worldwide) (1997-             Utomo & Co (member firm Andersen Worldwide)
                                     2002);                                                   (1997-2002);
                                 ›   Auditor Kantor Akuntan Publik Prasetio, Sarwoko &    ›   Auditor of Public Accounting Firm Prasetio,
                                     Sandjaja (member firm Ernst & Young) (2002);             Sarwoko & Sandjaja (member firm Ernst &
                                                                                              Young) (2002);
                                 ›   Partner Kantor Akuntan Publik Aria Kanaka (2003-     ›   Partner of Public Accounting Firm Aria Kanaka
                                     2004);                                                   (2003-2004);
                                 ›   Partner Kantor Akuntan Publik Aria & Jonnardi        ›   Partner of Public Accounting Firm Aria &
                                     (2004-2009);                                             Jonnardi (2004-2009);
                                 ›   Partner Kantor Akuntan Publik Jamaludin, Aria,       ›   Partner of Public Accounting Firm Jamaludin,
                                     Sukimto & Rekan (2009-2012); dan                         Aria, Sukimto & Rekan (2009-2012); and
                                 ›   Partner Kantor Akuntan Publik Gideon Ikhwan          ›   Partner of Public Accounting Firm Gideon
                                     Sofwan (member firm Parker Randall International)        Ikhwan Sofwan (member firm Parker Randall
                                     (2012-2013).                                             International) (2012-2013).
      Rangkap Jabatan            ›   Dosen Fakultas Ekonomi dan Bisnis Universitas        ›   Lecturer at the Faculty of Economics and
      Concurrent Positions           Indonesia;                                               Business, Universitas Indonesia;
                                 ›   Partner Kantor Akuntan Publik Aria Kanaka &          ›   Partner of Public Accounting Firm Aria Kanaka
                                     Rekan (member firm Forvis Mazars Group SC);              & Rekan (member firm Forvis Mazars Group SC);
                                 ›   Ketua Komite Nominasi dan Remunerasi PT Gihon        ›   Chairman of Nomination and Remuneration
                                     Telekomunikasi Indonesia Tbk;                            Committee PT Gihon Telekomunikasi Indonesia
                                                                                              Tbk;
                                 ›   Ketua Komite Audit PT Gihon Telekomunikasi           ›   Chairman of Audit Committee PT Gihon
                                     Indonesia Tbk;                                           Telekomunikasi Indonesia Tbk;
                                 ›   Komisaris Independen PT Gihon Telekomunikasi         ›   Independent Commissioner of PT Gihon
                                     Indonesia Tbk; dan                                       Telekomunikasi Indonesia Tbk; and
                                 ›   Komisaris Independen PT Saratoga Investama           ›   Independent Commissioner of PT Saratoga
                                     Sedaya Tbk                                               Investama Sedaya Tbk.
      Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan anggota          Having no affiliate relationship with members of
      Affiliate Relations        Dewan Komisaris, anggota Direksi, atau dengan            Board of Commissioners, members of Board of
                                 Pemegang Saham Utama dan Pemegang Saham                  Directors, Major and Controlling Shareholders,
                                 Pengendali, baik langsung maupun tidak langsung          either directly or indirectly, up to individual beneficial
                                 sampai kepada pemilik individu.                          owner.




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        Management Discussion and Analysis                    Corporate Governance                     Environmental and Social Responsibility




JOSAPHAT BUDISATYAWIRA
Jabatan                     Anggota
Position                    Member
Warga Negara                Indonesia
Citizen
Usia                        61 tahun
Age                         61 years old
Domisili                    Jakarta
Domiciled
Dasar Hukum                 Keputusan Dewan Komisaris tanggal 6 Juni 2023 (2023-2028).
Pengangkatan                Board of Commissioners’ Decision dated June 6, 2023 (2023-2028).
Legal Basis of
Appointment
Riwayat Pendidikan          Sarjana Ekonomi dari Universitas Prof. Dr. Moestopo               Bachelor    of   Economics          from     Universitas
dan/atau Sertifikasi        (2002).                                                           Prof. Dr. Moestopo (2002).
Educational
Background and/ or
Certification
Riwayat Jabatan             ›   Programmer & Technical Support Desk System                    ›      Programmer & Technical Support Desk System
History of previous             Technology PT Bank Pembangunan Indonesia                             Technology of PT Bank Pembangunan Indonesia
Position                        (Persero) (1989-1999);                                               (Persero) (1989-1999);
                            ›   Technology & Information System Service PT Bank               ›      Technology & Information System Service of PT
                                Mandiri (Persero) Tbk (1993-1999);                                   Bank Mandiri (Persero) Tbk (1993-1999);
                            ›   IT Audit Department, Internal Audit Department PT             ›      IT Audit Department, Internal Audit Department of
                                Bank Mandiri (Persero) Tbk (1993-2009);                              PT Bank Mandiri (Persero) Tbk (1993-2009);
                            ›   Audit Development & Assurance Department,                     ›      Audit Development & Assurance Department,
                                Direktorat Internal Audit PT Bank Mandiri (Persero)                  Internal Audit Directorate of PT Bank Mandiri
                                Tbk (2009-2010);                                                     (Persero) Tbk (2009-2010);
                            ›   Retail Product & Distribution Audit Department                ›      Retail Product & Distribution Audit Department II,
                                II, Retail Audit Group, Direktorat Internal Audit PT                 Retail Audit Group, Internal Audit Directorate of
                                Bank Mandiri (Persero) Tbk (2011-2012);                              PT Bank Mandiri (Persero) Tbk (2011-2012);
                            ›   Audit Manager, IT & Operations Audit Department               ›      Audit Manager, IT & Operations Audit Department
                                PT Bank Mandiri (Persero) Tbk (2013);                                of PT Bank Mandiri (Persero) Tbk (2013);
                            ›   Group Head Internal Audit PT Wahana Optima                    ›      Group Head of Internal Audit of PT Wahana
                                Permai (2014-2015);                                                  Optima Permai (2014-2015);
                            ›   Ketua Komite Tata Kelola Terintegrasi JACCS                   ›      Chairman of the Integrated Governance
                                MPMFinance Indonesia (2017-2021);                                    Committee JACCS MPMFinance Indonesia
                                                                                                     (2017-2021);
                            ›   Ketua Komite Nominasi dan Remunerasi JACCS                    ›      Chairman of Nomination and Remuneration
                                MPMFinance Indonesia (2017 - 2026)*;                                 Committee JACCS MPMFinance Indonesia (2017
                                                                                                     - 2026)*;
                            ›   Komisaris Independen JACCS MPMFinance                         ›      Independent Commissioner JACCS MPMFinance
                                Indonesia (2017 - 2026)*;                                            Indonesia (2017 - 2026)*;
                            ›   Ketua Komite Audit JACCS MPMFinance Indonesia                 ›      Chairman     of    Audit    Committee     JACCS
                                (2019 -2025); dan                                                    MPMFinance Indonesia (2019 -2025); and
                            ›   Ketua    Komite     Pemantau   Risiko  JACCS                  ›      Chairman of Risk Monitoring Committee JACCS
                                MPMFinance Indonesia (2019 - 2026).                                  MPMFinance Indonesia (2019 - 2026).
Rangkap Jabatan             ›   Komisaris Independen JACCS MPMFinance                         ›      Independent Commissioner JACCS MPMFinance
Concurrent Positions            Indonesia*                                                           Indonesia*
                            ›   Ketua Komite Nominasi dan Remunerasi JACCS                    ›      Chairman of Nomination and Remuneration
                                MPMFinance Indonesia*                                                Committee JACCS MPMFinance Indonesia*
Hubungan Afiliasi           Tidak memiliki hubungan afiliasi dengan anggota                   Having no affiliate relationship with members of
Affiliate Relations         Dewan Komisaris, anggota Direksi, atau dengan                     Board of Commissioners, members of Board of
                            Pemegang Saham Utama dan Pemegang Saham                           Directors, Major and Controlling Shareholders, either
                            Pengendali, baik langsung maupun tidak langsung                   directly or indirectly, up to individual beneficial owner.
                            sampai kepada pemilik individu.
* Efektif tidak lagi menjabat sejak 10 Februari 2026/No longer serves, effective February 10, 2026



Pernyataan Independensi Komite Audit                                            Independence Statement of Audit Committee

Dalam menjalankan perannya, Ketua dan anggota Komite                            In carrying out their roles, the Chairman and members of the Audit
Audit memastikan independensi tetap terjaga. Mereka tidak                       Committee ensure that their independence is maintained. They
memiliki saham di Perseroan, baik secara langsung maupun                        do not hold shares in the Company, either directly or indirectly,



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              Introduction         Performance Highlights       Management Report           Company Profile            Business Support Overview




      tidak langsung, dan tidak terikat oleh hubungan keluarga,           and have no family, management, or financial relationships
      kepengurusan, maupun kepentingan keuangan dengan Dewan              with the Board of Commissioners, the Board of Directors, the
      Komisaris, Direksi, atau Pemegang Saham Pengendali serta            Controlling Shareholder, or the Company’s Majority Shareholder.
      Pemegang Saham Utama Perseroan. Kondisi ini menjamin                This condition ensures that all activities of the Audit Committee
      bahwa seluruh kegiatan Komite Audit dilakukan secara objektif       are conducted objectively and free from external intervention.
      dan bebas dari pengaruh eksternal.


      Tugas dan Tanggung Jawab Komite Audit                               Duties and Responsibilities of the Audit
                                                                          Committee

      Tugas dan tanggung jawab Komite Audit berdasarkan Piagam            The duties and responsibilities of the Audit Committee, as
      Komite Audit adalah sebagai berikut:                                outlined in the Audit Committee Charter, are as follows:
      1. melakukan penelaahan atas informasi keuangan yang akan           1. review financial information to be released by the Company
          dikeluarkan Perseroan kepada publik dan/atau pihak otoritas,        to the public and/or regulatory authorities, including financial
          antara lain laporan keuangan, proyeksi, dan laporan lainnya         statements, projections, and other reports relating to the
          terkait dengan informasi keuangan Perseroan;                        Company’s financial information;
      2. melakukan penelaahan atas ketaatan terhadap peraturan            2. review the Company’s compliance with laws and regulations
          perundang-undangan yang berhubungan dengan kegiatan                 related to its activities;
          Perseroan;
      3. memberikan pendapat independen dalam hal terjadi                 3. provide independent opinions in the event of disagreements
          perbedaan pendapat antara pihak manajemen dan auditor              between management and external auditors regarding the
          eksternal atas jasa yang diberikannya;                             services provided;
      4. memberikan rekomendasi kepada Dewan Komisaris                    4. provide recommendations to the Board of Commissioners
          mengenai penunjukan, penggantian, dan/atau pemberhentian           regarding the appointment, replacement and/or dismissal of
          auditor eksternal;                                                 external auditors;
      5. melakukan penelaahan atas pelaksanaan pemeriksaan oleh           5. review the implementation of audits by the Internal Audit
          fungsi Audit Internal dan mengawasi pelaksanaan tindak             function and supervise follow-up actions by the Board of
          lanjut oleh Direksi atas temuan fungsi Audit Internal;             Directors on findings from the Internal Audit function;
      6. melakukan penelaahan terhadap aktivitas pelaksanaan              6. review risk management activities carried out by the Board
          manajemen risiko yang dilakukan oleh Direksi, jika Perseroan       of Directors, if the Company does not have a risk monitoring
          tidak memiliki fungsi pemantau risiko di bawah Dewan               function under the Board of Commissioners;
          Komisaris;
      7. menelaah pengaduan yang berkaitan dengan proses                  7. review complaints relating to the Company’s accounting and
          akuntansi dan pelaporan keuangan Perseroan;                         financial reporting processes;
      8. menelaah dan memberikan saran kepada Dewan Komisaris             8. review and provide advice to the Board of Commissioners
          terkait dengan adanya potensi benturan kepentingan                  regarding potential conflicts of interest involving the
          Perseroan;                                                          Company;
      9. melakukan evaluasi terhadap pelaksanaan pemberian jasa           9. evaluate the performance of audit services on the Company’s
          audit atas informasi keuangan historis tahunan oleh Akuntan         annual historical financial information provided by Public
          Publik dan/atau Kantor Akuntan Publik; dan                          Accountants and/or Public Accounting Firms; and
      10. menjaga kerahasiaan dokumen, data, dan informasi                10. maintain the confidentiality of the Company’s documents,
          Perseroan.                                                          data, and information.


      Pelaksanaan Kegiatan Komite Audit                                   Implementation of Audit Committee’s Activities

      Sepanjang tahun 2025, Komite Audit melaksanakan berbagai            Throughout 2025, the Audit Committee conducted various
      kegiatan sesuai tanggung jawab pengawasannya, antara lain:          activities within its supervisory responsibilities, including:
      1. melakukan evaluasi terhadap pelaksanaan pemberian                1. evaluating the audit services performed by KAP Siddharta
          jasa audit oleh KAP Siddharta Widjaja & Rekan (anggota              Widjaja & Rekan (member of KPMG International) on the
          KPMG International) atas Laporan Keuangan Konsolidasian             Company’s and Subsidiaries’ Consolidated Financial
          Perseroan dan Entitas Anak untuk tahun yang berakhir pada           Statements for the year ending on December 31, 2024;
          tanggal 31 Desember 2024;
      2. menelaah Laporan Keuangan Interim triwulanan Perseroan           2. reviewing the Company’s Interim Quarterly Financial
          untuk memastikan akurasi dan kepatuhan terhadap standar            Statements to ensure accuracy and compliance with
          akuntansi yang berlaku;                                            applicable accounting standards;
      3. menelaah aspek independensi dan objektivitas Akuntan             3. assessing the independence and objectivity of the Public
          Publik serta Kantor Akuntan Publik, menilai ruang lingkup          Accountant and Public Accounting Firm, reviewing the scope
          dan metodologi audit, dan memberikan rekomendasi                   and audit methodology, and providing recommendations



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        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan              Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis           Corporate Governance                Environmental and Social Responsibility




   kepada Dewan Komisaris terkait penunjukan Novie dan                    to the Board of Commissioners regarding the appointment
   KAP Siddharta Widjaja & Rekan sebagai Akuntan Publik                   of Novie and KAP Siddharta Widjaja & Rekan as the Public
   dan Kantor Akuntan Publik untuk melakukan audit Laporan                Accountant and Public Accounting Firm to conduct audits
   Keuangan Konsolidasian Perseroan dan Entitas Anak untuk                of the Company’s and Subsidiaries’ Consolidated Financial
   tahun yang berakhir pada tanggal 31 Desember 2025; dan                 Statements for the year ending on December 31, 2025; and
4. melakukan pembahasan dengan auditor eksternal mengenai              4. discussing with external auditors the audit scope, key
   ruang lingkup audit, temuan-temuan penting, dan hasil kerja            findings, and audit results of the Company’s and Subsidiaries’
   audit atas Laporan Keuangan Konsolidasian Perseroan                    Consolidated Financial Statements for the year ending on
   dan Entitas Anak untuk tahun yang berakhir pada tanggal                December 31, 2025, to ensure the quality, transparency, and
   31 Desember 2025, guna memastikan kualitas, transparansi,              integrity of the Company’s financial reporting.
   dan integritas pelaporan keuangan Perseroan.


Rapat Komite Audit                                                     Audit Committee Meetings

Kebijakan Rapat Komite Audit                                           Meeting Policy
Komite Audit wajib menyelenggarakan rapat minimal sekali               The Audit Committee is required to hold meetings at least
setiap tiga bulan untuk memastikan pemantauan rutin terhadap           once every three months to ensure routine monitoring of the
integritas laporan keuangan serta penerapan praktik GCG. Rapat         integrity of financial statements and the implementation of GCG
ini merupakan bagian integral dari fungsi pengawasan komite            practices. These meetings are an integral part of the committee’s
dan dapat diselenggarakan lebih sering jika terdapat isu atau          supervisory function and may be held more frequently if urgent
kebutuhan yang mendesak. Tingkat kehadiran anggota dalam               issues or needs arise. Member attendance is an important
rapat menjadi indikator penting atas keterlibatan dan komitmen         indicator of the Audit Committee’s engagement and commitment
Komite Audit dalam menjalankan tanggung jawabnya secara                to performing its duties properly.
optimal.


Tingkat Kehadiran Rapat Komite Audit                                   Attendance Rate of Audit Committee’s Meetings
Frekuensi dan tingkat kehadiran rapat masing-masing anggota            The frequency and attendance of each Audit Committee member,
Komite Audit serta agenda rapat pada tahun 2025 dapat dilihat          along with the meeting agenda in 2025, are presented in the
pada tabel berikut:                                                    following table:


                                                                                                           Peserta Rapat
        Tanggal                                                                                             Participants
                                                     Agenda
         Date                                                                                 Benny Redjo     Aria        Josaphat
                                                                                                Setyono      Kanaka     Budisatyawira

18 Maret/March 2025      Pembahasan laporan keuangan Perseroan untuk tahun buku yang
                         berakhir pada tanggal 31 Desember 2024
                         Discussion on the Company's financial statement for year ended on
                         31 December 2024                                                           √           √              √
                         Pembahasan laporan Internal Audit Q4 2024
                         Discussion on Internal Audit Report Q4 2024

25 April 2025            Pembahasan laporan keuangan Perseroan per 31 Maret 2025
                         Discussion on the Company's financial statement as of 31 March
                         2025
                                                                                                    -           √              √
                         Pembahasan laporan Internal Audit Q1 2025
                         Discussion on Internal Audit report Q1 2025

25 Juli/July 2025        Pembahasan laporan keuangan Perseroan per 30 Juni 2025
                         Discussion on the Company's financial statement as of 30 June
                         2025
                                                                                                    √           √              √
                         Pembahasan laporan Internal Audit Q2 2025
                         Discussion on Internal Audit report Q2 2025

27 Oktober/October       Pembahasan laporan keuangan Perseroan per 30 September 2025
2025                     Discussion on the Company's financial statement as of 30
                         September 2025
                                                                                                    √           √              √
                         Pembahasan laporan Internal Audit Q3 2025
                         Discussion on Internal Audit Report Q3 2025




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              Pengantar            Ikhtisar Kinerja                Laporan Manajemen          Profil Perusahaan                  Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights          Management Report          Company Profile                    Business Support Overview




                                                                                                                      Peserta Rapat
              Tanggal                                                                                                  Participants
                                                               Agenda
               Date                                                                                    Benny Redjo       Aria           Josaphat
                                                                                                         Setyono        Kanaka        Budisatyawira

      27 November 2025           Pembahasan rencana audit laporan keuangan Perseroan untuk                   √              √               √
                                 tahun buku yang berakhir pada tanggal 31 Desember 2025
                                 Discussion on audit plan for the Company's financial statement for
                                 the year ended on 31 December 2025

      Total Kehadiran dalam Rapat                                                                             4              5               5
      Total Attendance in Meetings

      Total Rapat                                                                                             5              5               5
      Total Number of Meetings

      Tingkat Kehadiran                                                                                      80%            100%           100%
      Attendance Rate

      Rata-rata Kehadiran                                                                                                    93%
      Average Attendance Rate


      Pelatihan dan/atau Peningkatan Kompetensi                              Training and/or Competency Development of
      Komite Audit                                                           the Audit Committee

      Informasi mengenai pelatihan dan peningkatan kompetensi                Information regarding the training and competency development
      Ketua Komite Audit tercantum pada bagian Pelatihan dan/atau            of the Chairman of the Audit Committee is presented in the
      Peningkatan Kompetensi Dewan Komisaris. Untuk anggota                  Training and/or Competency Development of the Board of
      Komite Audit lainnya, kegiatan pelatihan dan pengembangan              Commissioners section. For the other members of the Audit
      profesional yang diikuti sepanjang tahun 2025 dirinci sebagai          Committee, the training and professional development activities
      berikut:                                                               attended throughout 2025 are detailed out as follows:
            Nama                                       Materi Pelatihan                                           Tanggal                 Tempat
            Name                                      Training Materials                                           Date                    Place

      Aria Kanaka        Aspek Akuntansi dan Audit atas Laporan Keuangan BLU dan BLUD                 21      Februari/February          IAPI, Online
                         Accounting and Audit Aspects of BLU and BLUD Financial Statements            2025

                         Sosialisasi PMK 37 Tahun 2025                                                2 September 2025                   IKPI, Online
                         Socialization of Minister of Finance Decree 37 of year 2025

                         Pertimbangan Akuntansi dan Audit serta Regulasi Pasar Modal Dalam 16 September 2025                             IAPI, Jakarta
                         Proses Merger dan Akuisisi, serta Update Perkembangan Pasar Modal
                         Syariah di Indonesia
                         Accounting and Audit Considerations and Capital Market Regulations in
                         the Merger and Acquisition Process, as well as Updates on the Islamic
                         Capital Market Developments in Indonesia

                         Penerapan SAK Entitas Privat dalam Penyusunan Laporan Keuangan 8 Oktober/October 2025                           IAPI, Online
                         Perusahaan
                         Application of PSAK for Private Entities in the Preparation of the Company’s
                         Financial Statements

                         Workshop Aspek Akuntansi dan Audit - Laporan Keuangan Koperasi - 15 Oktober/October 2025                        IAPI,
                         Konvensional                                                                                                    Bandung
                         Workshop on Accounting and Audit Aspects - Financial Statements of
                         Conventional Cooperatives

                         Workshop Aspek Akuntansi dan Audit - Laporan Keuangan Koperasi - 16 Oktober/October 2025                        IAPI,
                         Syariah                                                                                                         Bandung
                         Workshop on Accounting and Audit Aspects - Financial Statements of
                         Sharia Cooperatives

                         Aspek Akuntansi dan Audit dalam Lembaga Keuangan Mikro (Konvensional/ 17 Oktober/October 2025                   IAPI,
                         Syariah), Lembaga Jasa Keuangan Khusus serta Regulasinya                                                        Bandung
                         Accounting and Audit Aspects in Microfinance Institutions (Conventional/
                         Sharia), Specialized Financial Service Institutions, and The Regulations




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168   Laporan Tahunan 2025
Page 171
      Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
      Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




    Nama                                     Materi Pelatihan                                       Tanggal               Tempat
    Name                                    Training Materials                                       Date                  Place

Aria Kanaka     Aspek Akuntansi dan Audit atas Kredit yang Diberikan; Surat Berharga 31 Oktober/October 2025             IAPI, Jakarta
                yang Dimiliki; dan Trade Finance (untuk Bank Konvensional) serta Akad
                Transaksi Syariah
                Accounting and Audit Aspects of Loans Granted; Securities Held; and Trade
                Finance (for Conventional Banks) as well as Sharia Transaction Contracts

                SPT Tahunan PPh Badan dan Orang Pribadi 2025: Rekonsiliasi Fiskal, 25 November 2025                      IKPI, Online
                Strategi Kepatuhan, dan Mitigasi Risiko Pelaporan di Era Coretax DJP
                2025 Annual Corporate and Individual Income Tax Returns: Fiscal
                Reconciliation, Compliance Strategies, and Reporting Risk Mitigation in
                the Era of Coretax DJP

                Perlakuan Pajak Penghasilan Terhadap Keluarga Sebagai Satu Kesatuan 26 November 2025                     IKPI, Online
                Ekonomis, Termasuk Hubungannya dengan Pemberian Nomor Pokok
                Wajib Nomor Induk Kependudukan
                Income Tax Treatment of the Family as a Single Economic Unit, Including
                Its Relation to the Issuance of Tax Identification Numbers (TIN) and
                National Identification Numbers (NIK)

                Tax Holiday Pasca Global Minimum Tax                                       13 Desember/December          IKPI, Online
                Tax Holiday Post Global Minimum Tax                                        2025

                Cross-Border VAT in Indonesia                                              15 Desember/December          IKPI, Online
                                                                                           2025

Josaphat        How to Achieve Peak Performance in 2025                                    17 Januari/Januari 2025       OJK, Online
Budisatyawira
                Key Risk Indicator, Key Control Indicator, Key Performance Indicator       8 Februari/February 2025      IAMI-IRMPA,
                                                                                                                         Online

                International Seminar Global, ASEAN and Indonesia Challenges To 11 Juni/June 2025                        Asosiasi
                Indonesia Economy                                                                                        Perusahaan
                                                                                                                         Pembiayaan
                                                                                                                         Indonesia,
                                                                                                                         Denpasar

                Strategi Aman Transaksi Kripto dan Keuangan Digital: Perlindungan Data 19 Juni/June 2025                 OJK, Online
                Pribadi dan Dampak Teknologi Biometrik di Indonesia
                Safe Strategies for Cryptocurrency and Digital Financial Transactions:
                Personal Data Protection and the Impact of Biometric Technology in
                Indonesia

                Pendidikan Profesi Lanjutan 5:                                            26 Agustus/August 2025         Ikatan
                Internal Control Over Financial Reporting - Tren Terkini, Peran Komisaris                                Komite
                dan Komite Audit - Sinergi dan Integritas 3 Lini                                                         Audit
                Advanced Professional Education 5:                                                                       Indonesia,
                Internal Control Over Financial Reporting - Current Trends, Roles of                                     Jakarta
                Commissioners and Audit Committee - Three Lines of Defense Synergy
                and Integrity

                Risk Appetite and Risk Culture - Pilar Utama dalam Penguatan Manajemen 9 Oktober/October 2025            OJK, Online
                Risiko di Sektor Keuangan
                Risk Appetite and Risk Culture - Key Pillars in Strengthening Risk
                Management in the Financial Sector




                                                                                                         PT Mitra Pinasthika Mustika Tbk
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              Pengantar            Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights        Management Report          Company Profile            Business Support Overview




      Komite Nominasi dan Remunerasi
      Nomination and Remuneration Committee


      Komite Nominasi dan Remunerasi (KNR) dibentuk oleh Dewan             The Nomination and Remuneration Committee (NRC) is
      Komisaris untuk memberikan dukungan strategis dalam                  established by the Board of Commissioners to provide strategic
      pelaksanaan tanggung jawabnya. Komite ini bertugas khusus            support in the execution of its responsibilities. The committee
      untuk menyusun dan memberikan rekomendasi terkait nominasi           specifically undertakes the preparation and recommendation of
      serta remunerasi anggota Dewan Komisaris dan Direksi. Semua          nominations and remuneration for the members of the Board
      proses yang dijalankan KNR dilakukan dengan prinsip GCG,             of Commissioners and the Board of Directors. All processes
      sehingga tercipta keadilan, transparansi, serta keselarasan          conducted by the NRC are carried out in accordance with GCG
      dengan visi, misi, dan nilai-nilai Perseroan.                        principles, ensuring fairness, transparency, and alignment with
                                                                           the Company’s vision, mission, and values.


      Piagam KNR                                                           NRC Charter

      Dalam menjalankan tugas dan fungsinya, KNR berpedoman                In performing its duties and functions, the NRC is guided by
      pada Piagam KNR yang terakhir diperbarui pada 1 Februari             the NRC Charter, last updated on February 1, 2023. This charter
      2023. Piagam ini menjadi acuan utama yang mengatur ruang             serves as the key reference regulating the scope of authority,
      lingkup kewenangan, peran, serta tanggung jawab komite               roles, and responsibilities of the committee in supporting the
      dalam mendukung Dewan Komisaris, khususnya yang berkaitan            Board of Commissioners, particularly regarding the nomination
      dengan proses nominasi dan penetapan remunerasi. Melalui             and remuneration processes. Through these guidelines the
      pedoman tersebut, pelaksanaan tugas KNR diharapkan berjalan          NRC’s activities are expected to be carried out consistently,
      secara konsisten, terstruktur, dan selaras dengan ketentuan          structured, and in alignment with regulatory requirements and
      peraturan perundang-undangan serta prinsip GCG. Informasi            GCG principles. Complete information regarding the NRC Charter
      lengkap mengenai Piagam KNR dapat dilihat pada situs web             is available on the Company’s official website.
      resmi Perseroan.


      Komposisi dan Masa Jabatan KNR                                       Composition and Term of Office of the NRC

      KNR dibentuk oleh Dewan Komisaris dan terdiri dari 3 (tiga)          The NRC is established by the Board of Commissioners and
      anggota yang berasal dari Dewan Komisaris, dengan 1 (satu)           consists of 3 (three) members from the Board of Commissioners,
      Komisaris Independen menjabat sebagai Ketua serta 2 (dua)            with 1 (one) Independent Commissioner serving as the
      anggota lainnya menjabat sebagai Komisaris Utama dan                 Chairman and 2 (two) other members serving as the President
      Komisaris. Susunan ini dirancang untuk menjaga objektivitas          Commissioner and Commissioner. This composition is designed
      sekaligus mendukung efektivitas pelaksanaan fungsi nominasi          to maintain objectivity while supporting the effective execution of
      dan remunerasi.                                                      nomination and remuneration functions.


      Masa jabatan anggota komite mengikuti masa jabatan Dewan             The term of office for committee members follows the term of
      Komisaris, dengan tetap memperhatikan kewenangan Dewan               the Board of Commissioners, while taking into account the Board
      Komisaris untuk melakukan perubahan keanggotaan sewaktu-             of Commissioners’ authority to reshuffle the membership at any
      waktu.                                                               time.


      Berdasarkan Keputusan Dewan Komisaris tanggal 6 Juni 2023,           Based on the Board of Commissioners’ Decree dated
      susunan Komite Nominasi dan Remunerasi Perseroan untuk               June 6, 2023, the composition of the Company’s Nomination and
      periode 2023-2028 adalah sebagai berikut:                            Remuneration Committee for the 2023-2028 period is as follows:
      Ketua     : Istama Tatang Siddharta                                  Chairman : Istama Tatang Siddharta
      Anggota : Edwin Soeryadjaya                                          Member : Edwin Soeryadjaya
      Anggota : Tossin Himawan                                             Member : Tossin Himawan


      Profil KNR                                                           NRC Profile

      Informasi lebih lanjut mengenai latar belakang dan profil masing-    Further information regarding the background and profile of each
      masing anggota KNR disajikan dalam Bab Profil Perusahaan             NRC member is presented in the Company Profile chapter under
      pada bagian Profil Dewan Komisaris dalam Laporan Tahunan ini.        the Board of Commissioners Profile section of this Annual Report.




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170   Laporan Tahunan 2025
Page 173
        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




Pernyataan Independensi KNR                                            Independence Statement of NRC

Independensi merupakan prinsip utama dalam pelaksanaan tugas           Independence is a key principle in the execution of the NRC’s
KNR. Untuk memastikan objektivitas, ketua komite berasal dari          duties. To ensure objectivity, the committee chairman is an
Komisaris Independen, sementara seluruh anggota diwajibkan             Independent Commissioner, while all members are required
menjaga sikap independen dalam setiap proses penelaahan dan            to maintain independence in every review process and
pemberian rekomendasi. Dengan pengaturan tersebut, seluruh             recommendation. This arrangement ensures that all NRC
aktivitas KNR dijalankan secara imparsial dan bebas dari benturan      activities are conducted impartially and free from conflicts of
kepentingan, sehingga setiap keputusan yang dihasilkan semata-         interest, so that decisions are made solely in the interest of the
mata ditujukan bagi kepentingan Perseroan.                             Company.


Tugas dan Tanggung Jawab KNR                                           Duties and Responsibilities of the NRC

KNR mengemban tugas dan tanggung jawab sebagaimana                     NRC carries out its duties and responsibilities as outlined in its
tercantum dalam Pedoman Kerjanya yang mencakup:                        Work Guidelines, which include:
1. Terkait dengan tugas nominasi:                                      1. Regarding nomination duties:
    a. mengkaji komposisi dan besarnya keanggotaan Dewan                  a. reviewing the composition and size of the Board of
        Komisaris dan Direksi untuk memastikan bahwa anggota                  Commissioners and the Board of Directors to ensure
        Dewan Komisaris dan Direksi memiliki keahlian yang                    members possess adequate expertise and come from
        memadai dan berasal dari berbagai latar belakang yang                 diverse backgrounds as required by the Company;
        diperlukan Perseroan;
    b. membantu Dewan Komisaris dalam menetapkan rincian                  b. assisting the Board of Commissioners in determining job
        tugas dan persyaratan penunjukan, termasuk kriteria-                 descriptions and appointment requirements, including
        kriteria bagi anggota Dewan Komisaris dan Direksi;                   criteria for members of the Board of Commissioners and
                                                                             the Board of Directors;
   c. merekomendasikan sistem nominasi dan evaluasi kinerja               c. recommending       a    transparent     nomination      and
       yang transparan bagi Dewan Komisaris dan Direksi yang                 performance evaluation system for the Board of
       selanjutnya diajukan untuk memperoleh persetujuan                     Commissioners and the Board of Directors to be
       RUPS;                                                                 submitted for GMS’ approval;
   d. mengkaji sistem manajemen karier yang diterapkan di                 d. reviewing the career management system to
       Perseroan dan merekomendasikan upaya perbaikan dan                    be implemented in the Company and giving
       penyelarasannya;                                                      recommendations for improvements and alignment;
   e. merekomendasikan         program        pengembangan                e. providing      recommendations         for     competency
       kemampuan anggota Direksi dan/atau anggota Dewan                      development programs for the Board of Directors and/or
       Komisaris;                                                            the Board of Commissioners members;
   f. memberikan usulan calon yang memenuhi syarat                        f. proposing qualified candidates for the Board of Directors
       sebagai anggota Direksi dan/atau anggota Dewan                        and/or the Board of Commissioners to be submitted to
       Komisaris untuk disampaikan kepada RUPS; dan                          the GMS; and
   g. membantu Dewan Komisaris dalam persiapan rencana                    g. assisting the Board of Commissioners in preparing
       suksesi untuk Direksi dan Dewan Komisaris, serta                      succession plans for the Board of Directors and the Board of
       monitoring dalam implementasi rencana tersebut.                       Commissioners, as well as monitoring the implementation.
2. Terkait dengan fungsi remunerasi:                                   2. Regarding remuneration functions:
   a. merekomendasikan sistem remunerasi bagi Dewan                       a. providing recommendation for a remuneration system of
       Komisaris dan Direksi untuk selanjutnya diajukan guna                 the Board of Commissioners and the Board of Directors
       memperoleh persetujuan RUPS;                                          to be submitted to the GMS for approval;
   b. merekomendasikan gaji, tantiem, santunan purna                      b. providing recommendations for salaries, tantiem,
       jabatan, dan kompensasi bagi Dewan Komisaris,                         retirement benefits, and compensation for the Board of
       Sekretaris Dewan Komisaris (apabila ada), dan Direksi;                Commissioners, the Board of Commissioners Secretary
                                                                             (if any), and Board of Directors;
   c. merekomendasikan manfaat lain bagi Dewan Komisaris                  c. providing recommendations for other benefits of the
      dan Direksi;                                                           Board of Commissioners and the Board of Directors;
   d. membantu Komisaris Utama dalam menyusun                             d. assisting the President Commissioner in preparing
      pengungkapan remunerasi Dewan Komisaris dan Direksi                    disclosure of individual and collective remuneration of
      secara individual dan bersama-sama di dalam Laporan                    the Board of Commissioners and the Board of Directors
      Tahunan Perseroan;                                                     in the Company’s Annual Report;
   e. mempertimbangkan hal-hal lain berkaitan dengan                      e. considering other matters related to remuneration
      remunerasi atau syarat pekerjaan yang diberlakukan                     or terms of employment that apply to the Board of
      bagi Dewan Komisaris dan Direksi;                                      Commissioners and the Board of Directors;



                                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                                                       2025 Annual Report    171
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               Pengantar           Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
               Introduction        Performance Highlights        Management Report          Company Profile            Business Support Overview




          f. memberikan rekomendasi tentang sistem kompensasi                  f. providing recommendations for compensation system
             serta manfaat lainnya dalam hal dilakukannya program                 and other benefits in case of employee reduction
             pengurangan pegawai;                                                 program;
          g. melakukan studi banding, survei, dan penelitian dalam             g. conducting benchmarking, surveys, and research
             rangka mengembangkan sistem remunerasi bagi Dewan                    to develop a remuneration system for the Board of
             Komisaris dan Direksi; dan                                           Commissioners and the Board of Directors; and
          h. mengkaji sistem pemberian imbalan yang berlaku di                 h. reviewing the Company’s reward system and providing
             Perseroan dan merekomendasikan upaya perbaikan dan                   recommendations for improvements and alignment.
             penyelarasannya.


      Pelaksanaan Kegiatan KNR                                             Implementation of NRC Activities

      Selama tahun 2025, KNR menjalankan sejumlah aktivitas dalam          During 2025, the NRC carried out several activities to support the
      rangka mendukung pelaksanaan tugas dan tanggung jawabnya,            execution of its duties and responsibilities, including:
      antara lain sebagai berikut:
      1. mendampingi Dewan Komisaris dalam proses evaluasi                 1. assisting the Board of Commissioners in evaluating the
          kinerja anggota Direksi dan/atau Dewan Komisaris                    performance of members of the Board of Directors and/or the
          berdasarkan tolok ukur yang telah ditetapkan, termasuk              Board of Commissioners based on established benchmarks,
          melakukan pembahasan serta penyampaian rekomendasi                  including discussing and providing recommendations
          terkait struktur penggajian dan fasilitas atau tunjangan bagi       regarding salary structures and facilities or benefits for the
          Direksi dan Dewan Komisaris Perseroan, skema insentif               Board of Directors and the Board of Commissioners, long-
          jangka panjang bagi Direksi Perseroan dan/atau Entitas              term incentive schemes for the Board of Directors of the
          Anak, serta pemberian imbalan bagi karyawan Grup MPM;               Company and/or Subsidiaries, and remuneration for MPM
                                                                              Group employees;
      2. membantu Dewan Komisaris dalam persiapan rencana                  2. assisting the Board of Commissioners in preparing
         suksesi untuk Direksi dan Dewan Komisaris, serta monitoring          succession plans for the Board of Directors and the Board of
         dalam implementasi rencana tersebut; dan                             Commissioners, as well as monitoring their implementation;
                                                                              and
      3. melakukan pembahasan atas kinerja Perseroan yang                  3. discussing the Company’s performance related to the
         berkaitan dengan pelaksanaan dan pengembangan inisiatif              implementation and development of human resources
         di bidang sumber daya manusia di lingkungan Grup MPM.                initiatives within the MPM Group.


      Rapat KNR                                                            NRC Meetings

      Kebijakan Rapat KNR                                                  NRC Meeting Policy
      Pelaksanaan rapat KNR mengacu pada ketentuan yang diatur             The NRC meetings are conducted in accordance with the
      dalam Piagam KNR. Dalam pelaksanaannya, KNR wajib                    provisions set out in the NRC Charter. The committee is required to
      menyelenggarakan rapat secara berkala paling sedikit satu            hold regular meetings at least once every four months. Additional
      kali setiap empat bulan. Di luar jadwal tersebut, rapat dapat        meetings may be held as necessary to discuss specific issues
      diselenggarakan sewaktu-waktu apabila diperlukan untuk               or developments related to the nomination and remuneration
      membahas isu atau perkembangan tertentu yang berkaitan               functions. Through these meetings forum, the NRC conduct
      dengan fungsi nominasi dan remunerasi. Melalui forum rapat           discussion and the formulation of relevant recommendations to
      ini, KNR melakukan pembahasan dan perumusan rekomendasi              support the Board of Commissioners’ decision-making.
      yang relevan guna mendukung pengambilan keputusan Dewan
      Komisaris.




      PT Mitra Pinasthika Mustika Tbk
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        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan           Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance             Environmental and Social Responsibility




Tingkat Kehadiran Rapat KNR                                           Attendance Rate of NRC’s Meetings
Selama tahun 2025, Komite KNR telah menyelenggarakan rapat            During 2025, the NRC held 3 (three) meetings. Information on the
sebanyak 3 (tiga) kali. Informasi mengenai tingkat kehadiran          attendance of each committee member and the meeting agenda
masing-masing anggota komite serta agenda yang dibahas                is presented in the following table:
dalam rapat-rapat tersebut disajikan pada tabel berikut:
                                                                                                         Peserta Rapat
        Tanggal                                                                                           Participants
         Date                                        Agenda                                 Istama Tatang   Edwin           Tossin
                                                                                               Siddharta  Soeryadjaya      Himawan

30 Juli/July 2025         Pembahasan terkait Strategic Organization & People Development          √              √             √
                          Discussion on Strategic Organization & People Development

24 November 2025          Pembahasan terkait Successors Readiness & Development                   √              √             √
                          Program
                          Discussion on Successors Readiness & Development Program

22 Desember/December Rencana atau jadwal penyelenggaraan rapat KNR di tahun 2026                  √              √             √
2025                 Plans or schedules for holding NRC meetings in 2026

Total Kehadiran dalam Rapat                                                                       3              3              3
Total Attendance in Meetings

Total Rapat                                                                                       3              3              3
Total Number of Meetings

Tingkat Kehadiran                                                                               100%            100%          100%
Attendance Rate

Rata-rata Kehadiran                                                                                          100%
Average Attendance Rate



Pelatihan dan/atau Peningkatan Kompetensi                             Training and/or Competency Development for
KNR                                                                   NRC

Informasi pelatihan dan/atau peningkatan anggota KNR pada             Information on training and/or development of NRC in 2025 is
tahun 2025 dapat dilihat pada Pelatihan dan/atau Peningkatan          available in Training and/or Competency Development of Board
Kompetensi Dewan Komisaris dalam Laporan Tahunan ini.                 of Commissioners section in the Annual Report.




                      Perseroan menempatkan keberagaman
                      sebagai salah satu prinsip utama dalam
                      pembentukan Dewan Komisaris dan
                      Direksi.
                      The Company considers diversity as a core principle in
                      forming the Board of Commissioners and the Board of
                      Directors.




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              Pengantar            Ikhtisar Kinerja           Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights     Management Report           Company Profile             Business Support Overview




      Komite Tata Kelola Perusahaan
      Good Corporate Governance Committee


      Komite Tata Kelola Perusahaan (Komite GCG) dibentuk oleh          The Corporate Governance Committee (GCG Committee) is
      Dewan Komisaris sebagai bagian dari penguatan penerapan           established by the Board of Commissioners as part of efforts to
      GCG di lingkungan Perseroan. Komite ini berperan dalam            strengthen the implementation of GCG across the Company. The
      memantau dan mendorong konsistensi penerapan prinsip-             committee plays a role in monitoring and promoting the consistent
      prinsip GCG dalam seluruh aktivitas usaha, sehingga tercipta      application of GCG principles across all business activities, thereby
      proses bisnis yang transparan, akuntabel, dan berintegritas.      creating transparent, accountable, and integrity-driven business
      Selanjutnya, sebagaimana Keputusan Dewan Komisaris tanggal        processes. Subsequently, pursuant to the Board of Commissioners’
      26 Januari 2026, Komite GCG secara resmi berubah menjadi          Decree dated January 26, 2026, the GCG Committee was
      Komite Tata Kelola Perusahaan yang Baik dan Keberlanjutan         officially renamed into the Good Corporate Governance/GCG
      (Komite Good Corporate Governance/GCG dan Sustainability),        and Sustainability Committee to enhance oversight of GCG
      guna memperkuat pengawasan terhadap penerapan GCG dan             implementation and the Company’s sustainability aspects.
      aspek keberlanjutan Perseroan.


      Piagam Komite GCG                                                 GCG Committee’s Charter

      Dalam melaksanakan tugas dan tanggung jawabnya, Komite            In performing its duties and responsibilities, the GCG Committee
      GCG berpedoman pada Piagam Komite GCG yang mengatur               is guided by the GCG Committee Charter, which clearly regulates
      secara jelas ruang lingkup kerja, fungsi, serta kewenangan        the committee’s scope of work, functions, and authority. This
      komite. Pedoman ini menjadi acuan bagi komite dalam               guideline serve as a reference for the committee in supporting
      mendukung Dewan Komisaris untuk memastikan prinsip-prinsip        the Board of Commissioners to ensure that GCG principles are
      GCG terintegrasi dalam kebijakan dan praktik operasional          integrated into the Company’s policies and operational practices.
      Perseroan. Informasi lebih lanjut mengenai Piagam Komite GCG      Further information regarding the GCG Committee Charter is
      dapat diakses melalui situs web resmi Perseroan.                  available on the Company’s official website.


      Komposisi dan Masa Jabatan Komite GCG                             Composition and Term of Office of the GCG
                                                                        Committee

      Keanggotaan Komite GCG ditetapkan oleh Dewan Komisaris dan        Membership of the GCG Committee is determined by the
      berasal dari jajaran Dewan Komisaris. Komite ini beranggotakan    Board of Commissioners and comes from the Board of
      3 (tiga) orang, dengan 1 (satu) anggota menjabat sebagai Ketua    Commissioners itself. The committee consists of 3 (three)
      dan 2 (dua) anggota lainnya terdiri dari seorang Komisaris dan    members, with 1 (one) member serving as the Chairman, and
      seorang Komisaris Independen. Susunan tersebut dirancang          the other 2 (two) members comprising one Commissioner and
      untuk mendukung keseimbangan perspektif dalam pelaksanaan         one Independent Commissioner. This composition is designed to
      fungsi GCG.                                                       maintain a balanced perspective in implementing GCG functions.


      Masa penugasan anggota Komite GCG diselaraskan dengan             The term of assignment for GCG Committee members is aligned
      masa jabatan Dewan Komisaris. Namun demikian, Dewan               with the term of the Board of Commissioners. However, the Board
      Komisaris tetap memiliki kewenangan untuk melakukan               of Commissioners retains the authority to dismiss committee
      pemberhentian anggota komite sewaktu-waktu sesuai dengan          members at any time in accordance with the Company’s
      pertimbangan Perseroan.                                           considerations.


      Berdasarkan Keputusan Dewan Komisaris tanggal 6 Juni 2023,        Based on the Board of Commissioners’ Decree dated June 6, 2023,
      susunan Komite GCG untuk periode 2023-2028 adalah sebagai         the composition of the GCG Committee for the 2023-2028 period
      berikut:                                                          is as follows:
      Ketua    : Tossin Himawan                                         Chairman : Tossin Himawan
      Anggota : Danny Walla                                             Member : Danny Walla
      Anggota : Benny Redjo Setyono                                     Member : Benny Redjo Setyono


      Berdasarkan   Keputusan    Dewan     Komisaris  tanggal           Based on the Board of Commissioners’ Decree dated
      26 Januari 2026, nama Komite GCG resmi diubah menjadi             January 26, 2026, the GCG Committee was officially renamed
      Komite GCG dan Sustainability tanpa perubahan komposisi           into GCG & Sustainability Committee without changes to its
      keanggotaan.                                                      membership composition.



      PT Mitra Pinasthika Mustika Tbk
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        Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis              Corporate Governance              Environmental and Social Responsibility




Profil Komite GCG                                                       GCG Committee’s Profile

Informasi lebih lanjut mengenai latar belakang dan profil               Further information regarding the background and profiles of
masing-masing anggota Komite GCG disajikan dalam Bab Profil             each GCG Committee member is presented in the Company
Perusahaan pada bagian Profil Dewan Komisaris dalam Laporan             Profile chapter under the Board of Commissioners Profile section
Tahunan ini.                                                            of this Annual Report.


Pernyataan Independensi Komite GCG                                      GCG Committee’s Independence Statement

Dalam menjalankan fungsinya, Komite GCG menjunjung tinggi               In performing its functions, the GCG Committee upholds the
prinsip independensi dan objektivitas. Kehadiran seorang Komisaris      principles of independence and objectivity. The presence of an
Independen dalam komposisi komite menjadi bagian dari upaya             Independent Commissioner within the committee helps maintain
menjaga imparsialitas dalam setiap proses penelaahan dan                impartiality in every review and monitoring process. All activities
pemantauan. Seluruh kegiatan serta rekomendasi yang dihasilkan          and recommendations are carried out independently and free
dilaksanakan secara mandiri dan bebas dari pengaruh kepentingan         from any party’s influence, ensuring the fair and transparent
pihak mana pun, sehingga penerapan praktik GCG yang adil dan            application of GCG practices in the best interest of the Company.
transparan dapat terjaga demi kepentingan Perseroan.


Tugas dan Tanggung Jawab Komite GCG                                     Duties and Responsibilities of the GCG
                                                                        Committee

Ruang lingkup tugas dan tanggung jawab Komite GCG antara lain           The scope of duties and responsibilities of the GCG Committee
adalah sebagai berikut:                                                 includes:
1. meninjau dan mengkaji ulang secara berkala prinsip-prinsip           1. reviewing and reassessing the GCG principles and
   dan persyaratan-persyaratan GCG yang berlaku di Perseroan                requirements applicable in the Company on periodical basis
   serta memastikan bahwa prinsip-prinsip dan persyaratan-                  to ensure that they remain relevant and have been fully
   persyaratan tersebut masih relevan serta telah dilaksanakan              implemented;
   sepenuhnya di Perseroan;
2. meninjau Laporan Keberlanjutan Perseroan; dan                        2. reviewing the Company’s Sustainability Report; and
3. memastikan dilakukannya penilaian atas implementasi GCG              3. ensuring assessments of GCG implementation in the
   di Perseroan, baik yang dilakukan sendiri (self-assessment)             Company are conducted, either through self-assessment or
   ataupun yang dilakukan dengan dibantu oleh konsultan                    with the assistance of external consultants.
   eksternal.


Pelaksanaan Kegiatan Komite GCG                                         Implementation of GCG Committee Activities

Sepanjang tahun 2025, Komite GCG melaksanakan berbagai                  Throughout 2025, the GCG Committee carried out various
kegiatan sebagai bagian dari pelaksanaan tugas dan tanggung             activities as part of its duties and responsibilities, including:
jawabnya, antara lain:
1. memberikan opini, masukan, dan arahan terkait penerapan              1. providing opinions, inputs, and guidance on the
    prinsip GCG dan memastikan kepatuhan terhadap peraturan                implementation of GCG principles and ensuring compliance
    dan ketentuan yang berlaku;                                            with applicable regulations;
2. memberikan opini, masukan, dan arahan dalam penerapan                2. providing opinions, inputs, and guidance in risk management
    manajemen risiko, termasuk memastikan pengelolaan                      implementation, including ensuring effective and efficient risk
    risiko dilakukan secara efektif dan efisien di seluruh jajaran         management across all levels of MPM Group management;
    manajemen Grup MPM;
3. memberikan opini, masukan, dan arahan untuk meningkatkan             3. providing opinions, inputs, and guidance to enhance
    kualitas setiap kegiatan tanggung jawab sosial dan                     the quality of the Company’s social and environmental
    lingkungan Perseroan serta inisiatif berkelanjutan yang                responsibility activities and sustainability initiatives,
    dijalankan oleh Perseroan, termasuk melakukan tinjauan                 including reviewing the 2024 Sustainability Report.
    atas Laporan Keberlanjutan Perseroan Tahun 2024.


Rapat Komite GCG                                                        GCG Committee Meetings

Kebijakan Rapat Komite GCG                                              Meeting Policy
Komite GCG diwajibkan untuk mengadakan rapat minimal                    The GCG Committee is required to hold meetings at least once
satu kali setiap empat bulan sesuai ketentuan dalam Piagam              every four months in accordance with the provisions of the
Komite. Selain jadwal rutin tersebut, rapat tambahan dapat              Committee Charter. In addition to the routine schedule, additional
dilaksanakan apabila diperlukan untuk meninjau isu-isu penting          meetings may be held as necessary to review important issues

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              Pengantar            Ikhtisar Kinerja              Laporan Manajemen           Profil Perusahaan            Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights        Management Report           Company Profile              Business Support Overview




      terkait penerapan GCG serta keberlanjutan dan selanjutnya             relating to GCG implementation and sustainability, and to submit
      menyampaikan rekomendasi kepada Dewan Komisaris.                      recommendations to the Board of Commissioners.


      Tingkat Kehadiran Rapat Komite GCG                                    Attendance Rate of GCG Committee’s Meetings
      Sepanjang tahun 2025, Komite GCG mengadakan rapat sebanyak            Throughout 2025, the GCG Committee held 3 (three) meetings.
      3 (tiga) kali. Tingkat kehadiran masing-masing anggota serta          The attendance of each member and the meeting agendas during
      agenda rapat selama periode tersebut diuraikan sebagai berikut:       the period are outlined as follows:
                                                                                                                        Peserta Rapat
                                                                                                                         Participants
           Tanggal
                                                              Agenda                                                                  Benny
            Date                                                                                               Tossin      Danny
                                                                                                                                      Redjo
                                                                                                              Himawan      Walla
                                                                                                                                     Setyono
      19 Maret/March Penyampaian informasi terkait compliance update Perseroan
      2025                Information on the Company's compliance update
                          Pembahasan pengelolaan manajemen risiko, meliputi rencana kegiatan
                          manajemen risiko, business continuity management, dan profil risiko
                          Discussion on risk management implementation, including risk management
                          activity plans, business continuity management, and risk profile                       √           √          √
                          Pembahasan dan tinjauan Laporan Keberlanjutan 2024. Pemaparan strategi dan
                          framework keberlanjutan Grup MPM, serta proyek Corporate Social Responsibility
                          Discussion and review on Sustainability 2024. Presentation on MPM Group
                          sustainability strategy and framework, as well as Corporate Social Sustainability
                          project
      23 Juli/July 2025 Penyampaian informasi terkait compliance update Perseroan
                          Information on the Company's compliance update
                          Pembahasan pengelolaan manajemen risiko, meliputi rencana kegiatan
                          manajemen risiko, business continuity management, dan profil risiko
                          Discussion on risk management implementation, including risk management
                          activity plans, business continuity management, and risk profile
                          Pemaparan terkait progres pelaksanaan strategi keberlanjutan Perseroan,
                                                                                                                 √           √          √
                          pembahasan penerapan IFRS S1 & S2 dalam penyusunan Laporan Keberlanjutan,
                          serta rencana penyusunan ESG Roadmap
                          Presentation regarding the progress of the Company’s sustainability strategy,
                          discussion on the implementation of IFRS S1 & S2 on Sustainability Report, as
                          well as the plan for the development of the ESG Roadmap
      20 November 2025 Penyampaian informasi terkait compliance update Perseroan
                          Information on the Company's compliance update
                          Pembahasan pengelolaan manajemen risiko, meliputi rencana kegiatan
                          manajemen risiko, business continuity management, dan profil risiko
                          Discussion on risk management implementation, including risk management
                          activity plans, business continuity management, and risk profile                       √           √          √
                          Pemaparan terkait progres pelaksanaan strategi keberlanjutan dan Corporate
                          Social Responsibility Perseroan, serta progres penyusunan ESG Roadmap
                          Presentation on the progress of the implementation of the Company’s
                          sustainability strategy and Corporate Social Responsibility, as well as the
                          progress of the development of the ESG Roadmap.
      Total Kehadiran dalam Rapat                                                                                 3           3          3
      Total Attendance in Meetings
      Total Rapat                                                                                                 3           3          3
      Total Number of Meetings
      Tingkat Kehadiran                                                                                          100%       100%        100%
      Attendance Rate
      Rata-rata Kehadiran                                                                                                   100%
      Average Attendance Rate



      Pelatihan dan/atau Peningkatan Kompetensi                             Training and/or Competency Development of
      Komite GCG                                                            the GCG Committee

      Informasi pelatihan dan/atau peningkatan kompetensi anggota           Information regarding the training and/or competency
      Komite GCG di tahun 2025 dapat dilihat pada Pelatihan dan/            development of GCG Committee members in 2025 can be found
      atau Peningkatan Kompetensi Dewan Komisaris dalam Laporan             in the Training and/or Competency Development of the Board of
      Tahunan ini.                                                          Commissioners section of this Annual Report.



      PT Mitra Pinasthika Mustika Tbk
176   Laporan Tahunan 2025
Page 179
        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance              Environmental and Social Responsibility




Sekretaris Perusahaan
Corporate Secretary


Sekretaris Perusahaan memegang peran sentral dalam                     The Corporate Secretary plays a central role in supporting the
mendukung praktik GCG. Tugas utamanya adalah memastikan                Company’s GCG practices. His/her primary responsibility is to
komunikasi yang lancar dan transparan antara Perseroan,                ensure smooth and transparent communication between the
Pemegang Saham, dan seluruh pemangku kepentingan. Selain itu,          Company, its Shareholders, and all stakeholders. In addition, the
Sekretaris Perusahaan juga bertanggung jawab untuk menjaga             Corporate Secretary is responsible for maintaining the integrity
integritas informasi, membina hubungan profesional yang                of information, fostering constructive professional relationships,
konstruktif, serta mendukung pelaksanaan kewajiban hukum               and supporting the Company’s compliance with legal and
dan regulasi Perseroan. Dengan demikian, Sekretaris Perusahaan         regulatory obligations. Accordingly, the Corporate Secretary
menjadi penghubung strategis yang membantu Perseroan                   serves as a strategic liaison that helps the Company maintain its
mempertahankan reputasi dan kepercayaan di mata publik.                reputation and public trust.


Profil Sekretaris Perusahaan                                           Corporate Secretary Profile
TIMOTHY IMMANUEL HUTAPEA

Jabatan                  Sekretaris Perusahaan
Position                 Corporate Secretary

Warga Negara             Indonesia
Citizen

Usia                     44 tahun
Age                      44 years old

Domisili                 Jakarta
Domiciled

Dasar Hukum              Keputusan Direksi No. L.MPM/DIR-088/VIII/2023 tanggal 21 Agustus 2023.
Pengangkatan             Board of Directors’ Resolutions No. L.MPM/DIR-088/VIII/2023 dated August 21, 2023.
Legal Basis of
Appointment

Riwayat Pendidikan       ›   Sarjana Hukum dari Universitas Padjadjaran            ›   Bachelor of Law from Universitas Padjadjaran
dan/atau Sertifikasi         (2005).                                                   (2005).
Educational              ›   Advokat yang terdaftar pada Peradi sejak tahun        ›   Advocate registered at Peradi since 2008.
Background and/or            2008.
Certification            ›   Kurator dan Pengurus pada AKPI sejak tahun 2021.      ›   Curator and Receiver at AKPI since 2021.
                         ›   Capital Market Legal Consultant training - level 2    ›   Capital Market Legal Consultant training - level
                             held by HKHPM.                                            2 held by HKHPM.
                         ›   MPM Executive Leadership Program oleh Harvard         ›   MPM Executive Leadership Program oleh
                             Business Publishing Corporate Learning 2023.              Harvard Business Publishing Corporate Learning
                                                                                       2023.

Riwayat Jabatan          ›   Senior Associate di Radjiman Billitea & Partner       ›   Senior Associate of Radjiman Billitea & Partner
History of previous          (2005-2011);                                              (2005-2011);
Position                 ›   Senior Legal Manager & Corporate Secretary PT         ›   Senior Legal Manager & Corporate Secretary
                             Mitra Pinasthika Mustika Finance (2011-2012);             of PT Mitra Pinasthika Mustika Finance (2011-
                                                                                       2012);
                         ›   Senior Manager Legal Compliance & Regulatory          ›   Senior Manager Legal Compliance & Regulatory
                             Perseroan (2012-2018);                                    of the Company (2012-2018);
                         ›   Head of Legal Perseroan (2018-2023); dan              ›   Head of Legal of the Company (2018-2023); and
                         ›   Head of Legal and Head of Corporate Secretary         ›   Head of Legal and Head of Corporate Secretary
                             (2023-sekarang).                                          (2023-present).

Rangkap Jabatan          Tidak memiliki rangkap jabatan.                           No concurrent positions.
Concurrent Positions

Hubungan Afiliasi        Tidak memiliki hubungan afiliasi dengan anggota           No affiliation with members of Board of
Affiliate Relations      Dewan Komisaris, anggota Direksi, atau dengan             Commissioners, members of Board of Directors,
                         Pemegang Saham Utama dan Pemegang Saham                   Majority Shareholders and Controlling Shareholders,
                         Pengendali, baik langsung maupun tidak langsung           either directly or indirectly, up to individual owner.
                         sampai kepada pemilik individu.




                                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                                                       2025 Annual Report    177
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              Pengantar            Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights         Management Report          Company Profile            Business Support Overview




      Tugas dan              Tanggung        Jawab          Sekretaris      Duties and Responsibilities of the Corporate
      Perusahaan                                                            Secretary

      Tugas dan tanggung jawab yang dimiliki oleh Sekretaris                The duties and responsibilities of the Corporate Secretary
      Perusahaan, di antaranya adalah:                                      include:
      1. mengikuti perkembangan pasar modal khususnya peraturan             1. closely following the developments in the capital market,
         perundang-undangan yang berlaku di bidang pasar modal;                 particularly laws and regulations applicable to the capital
                                                                                market;
      2. memastikan dan memberikan masukan kepada Dewan                     2. ensuring compliance and providing inputs to the Board of
         Komisaris dan Direksi serta Komite GCG dalam hal kepatuhan             Commissioners, Board of Directors, and GCG Committee
         ketentuan peraturan perundang-undangan di bidang pasar                 regarding adherence to capital market regulations;
         modal;
      3. membantu Direksi dan Dewan Komisaris dalam pelaksanaan             3. assisting the Board of Directors and Board of Commissioners
         GCG; dan                                                              in implementing GCG; and
      4. sebagai penghubung antara Perseroan dengan Pemegang                4. acting as a liaison between the Company and its
         Saham Perseroan, Otoritas Jasa Keuangan, Bursa Efek                   Shareholders, the Financial Services Authority, the Indonesia
         Indonesia, dan pemangku kepentingan lainnya.                          Stock Exchange, and other stakeholders.


      Pelaksanaan Kegiatan Sekretaris Perusahaan                            Implementation of Corporate Secretary Activities

      Sepanjang tahun 2025, Sekretaris Perusahaan melaksanakan              Throughout 2025, the Corporate Secretary carried out various
      berbagai kegiatan yang menjadi bagian dari tugas dan tanggung         activities as part of their duties and responsibilities, including:
      jawabnya, antara lain:
      1. menyelenggarakan dan mengadministrasikan rapat Direksi,            1. organizing and administering meetings of the Board of
          Dewan Komisaris, serta Komite-Komite yang berada di                  Directors, the Board of Commissioners, and Committees
          bawah Dewan Komisaris;                                               under the Board of Commissioners;
      2. menyelenggarakan RUPS Tahunan yang dilaksanakan pada               2. organizing the Annual GMS held on May 27, 2025;
          tanggal 27 Mei 2025;
      3. melakukan perubahan Anggaran Dasar Perseroan                       3. implementing amendments to the Company’s Articles of
          sehubungan dengan pengurangan modal ditempatkan dan                  Association regarding the reduction of the Company’s issued
          disetor Perseroan;                                                   and paid-up capital;
      4. melaksanakan kewajiban pelaporan dan keterbukaan                   4. carrying out reporting and disclosure obligations to
          informasi kepada regulator serta publik, baik yang bersifat          regulators and the public, both routine and incidental;
          rutin maupun insidental;
      5. memastikan kepatuhan Perseroan terhadap peraturan pasar            5. ensuring the Company’s compliance with applicable capital
          modal yang berlaku di Indonesia;                                     market regulations in Indonesia;
      6. mengawal penerapan prinsip-prinsip GCG di seluruh kegiatan         6. overseeing the implementation of GCG principles across all
          Perseroan;                                                           Company’s activities;
      7. mengoordinasikan penyusunan dan pelaporan kegiatan                 7. coordinating the preparation and reporting of activities of the
          Komite-Komite yang berada di bawah Dewan Komisaris; dan              Committees under the Board of Commissioners; and
      8. menyusun jadwal rapat dan agenda rutin untuk Rapat Direksi,        8. preparing regular meeting schedules and agenda for the
          Rapat Dewan Komisaris, Rapat Gabungan Dewan Komisaris                Board of Directors meetings, the Board of Commissioners
          dan Direksi, serta rapat Komite-Komite di bawah Dewan                meetings, joint meetings of the Board of Commissioners and
          Komisaris sepanjang tahun buku 2025.                                 the Board of Directors, as well as Committee meetings under
                                                                               the Board of Commissioners throughout the 2025 fiscal year.


      Pelatihan dan/atau Peningkatan Kompetensi                             Training and/or Competency Development of
      Sekretaris Perusahaan                                                 the Corporate Secretary

      Program pelatihan dan/atau peningkatan kompetensi yang                The training and/or competency development programs attended
      diikuti oleh Sekretaris Perusahaan sepanjang tahun 2025 adalah        by the Corporate Secretary throughout 2025 are presented in the
      dapat dilihat pada tabel berikut:                                     following table:




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       Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan          Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis          Corporate Governance            Environmental and Social Responsibility




                                  Pelatihan                                     Waktu           Tempat           Penyelenggara
                                  Training                                      Date             Venue             Organizer

Pendalaman POJK Nomor 14/POJK.04/2022 tentang Penyampaian Laporan            18 Februari/  Online               Indonesia
Keuangan Berkala Emiten atau Perusahaan Publik                               February 2025                      Corporate
Deepening POJK Number 14/POJK.04/2022 concerning Submission of                                                  Secretary
Periodic Financial Reports by Issuers or Public Companies                                                       Association

Pendalaman POJK Nomor 29 Tahun 2023 tentang Pembelian Kembali Saham          15 Mei/May     Online              Indonesia
yang Dikeluarkan oleh Perusahaan Terbuka                                     2025                               Corporate
Deepening POJK Number 29 Year 2023 concerning Buyback of Shares Issued                                          Secretary
by a Public Company                                                                                             Association

Pendalaman POJK Nomor 14/POJK.04/2019 tentang Penambahan Modal               17 Juni/June Online                Indonesia
Perusahaan Terbuka Dengan Memberikan Hak Memesan Efek Terlebih Dahulu        2025                               Corporate
Deepening POJK Number 14/POJK.04/2019 concerning Capital Increase of a                                          Secretary
Public Company Through Rights Issue                                                                             Association

Risk & Governance Summit 2025                                                19 Agustus/    Online              Otoritas Jasa
                                                                             August 2025                        Keuangan/
                                                                                                                Financial Services
                                                                                                                Authority

Sosialisasi SEOJK Nomor 10/SEOJK.04/2025 tentang Penyampaian Laporan         28 Agustus/    Online              Otoritas Jasa
Kepemilikan atau Setiap Perubahan Kepemilikan Saham Perusahaan Terbuka       August 2025                        Keuangan/
dan Laporan Aktivitas Menjaminkan Saham Perusahaan Terbuka Secara                                               Financial Services
Elektronik                                                                                                      Authority
Socialization of SEOJK Number 10/SEOJK.04/2025 concerning Electronic
Submission of Ownership Reports or Any Changes in Shareholding of Public
Companies and Reports on Pledging Activities of Public Company Shares

Gateway to Asia: Unlocking Capital Market Synergies Between Hong Kong and    18 September Hong     Kong         Hong Kong
Indonesia                                                                    2025         Economic and          Economic and
                                                                                          Trade    Office       Trade Office
                                                                                          Jakarta, World        Jakarta, Invest HK
                                                                                          Trade Center II       dan/and Asosiasi
                                                                                                                Emiten Indonesia

Sosialisasi Pernyataan Standar Pengungkapan Keberlanjutan (PSPK 1 dan        29 Oktober/    Online              Bursa Efek
PSPK 2)                                                                      October 2025                       Indonesia -
Socialization of Sustainability Disclosure Standards Statement (PSPK 1 and                                      Ikatan Akuntan
PSPK 2)                                                                                                         Indonesia/
                                                                                                                Indonesia Stock
                                                                                                                Exchange -
                                                                                                                Indonesian
                                                                                                                Institute of
                                                                                                                Accountants

From Compliance to Confidence: Redefining ACGS through ESG and Digital       7 November     Online              Indonesia
Governance                                                                   2025                               Corporate
                                                                                                                Secretary
                                                                                                                Association

CEO Networking 2025: “Managing Global Trade and Empowering Business          18 November    St Regis Hotel      Otoritas Jasa
Strategy”                                                                    2025           Jakarta             Keuangan/
                                                                                                                Financial Services
                                                                                                                Authority

Sustainable Finance & Green Investment: Unlocking Opportunities in           2 Desember/    IDX Hall            ACCA Indonesia
Indonesia's Transition Economy                                               December                           dan Bursa Efek
                                                                             2025                               Indonesia/ACCA
                                                                                                                Indonesia and
                                                                                                                Indonesia Stock
                                                                                                                Exchange




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              Pengantar              Ikhtisar Kinerja               Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction           Performance Highlights         Management Report          Company Profile            Business Support Overview




      Divisi Hubungan Investor
      Investor Relations Division


      Divisi Hubungan Investor bertugas memelihara saluran                    The Investor Relations Division is responsible for maintaining
      komunikasi yang terbuka dan efektif antara Perseroan dengan             open and effective communication channels between the
      komunitas investor serta pelaku pasar modal, baik di dalam              Company and the investor community as well as capital market
      maupun luar negeri. Divisi ini memastikan bahwa informasi               participants, both domestically and internationally. This division
      mengenai kinerja Perseroan, prospek masa depan, dan data                ensures that information regarding the Company’s performance,
      relevan lainnya tersedia secara akurat dan tepat waktu. Dengan          future prospects, and other relevant data is provided accurately
      demikian, investor dan pihak-pihak terkait dapat membuat                and in a timely manner. As a result, investors and other
      keputusan investasi yang terinformasi dengan baik, sambil               stakeholders can make well-informed investment decisions,
      mendukung transparansi dan akuntabilitas Perseroan di pasar             while supporting the Company’s transparency and accountability
      modal.                                                                  in the capital market.


      Profil Investor Relations Vice President                                Investor Relations Vice President Profile
      DARMA PUTERA

      Jabatan                    Investor Relation Vice President
      Position

      Warga Negara               Indonesia
      Citizen

      Usia                       42 tahun
      Age                        42 years old

      Domisili                   Jakarta
      Domicile

      Riwayat Pendidikan         Atmajaya University - Sarjana Ekonomi Jurusan            Atmajaya University - Bachelor of Economics
      dan/atau Sertifikasi       Finance 2002 s.d 2006                                    majoring in Finance 2002 until 2006
      Educational
      Background and/ or         Pelatihan                                                Training
      Certification              › MPM Executive Leadership Program oleh Harvard          › MPM Executive Leadership Program by Harvard
                                    Business Publishing Corporate Learning 2023              Business Publishing Corporate Learning 2023

                                 Sertifikasi                                              Certification
                                 › Certified Risk Governance Professional Level 4         › Certified Risk Governance Professional Level 4

      Riwayat Jabatan            ›    Analyst - Group Risk Management PT Astra            ›   Analyst - Group Risk Management PT Astra
      History of previous             International Tbk (November 2006-April 2011)            International Tbk (November 2006-April 2011)
      Position                   ›    Senior Analyst - Group Treasury PT Astra            ›   Senior Analyst - Group Treasury PT Astra
                                      International Tbk (Mei 2011-Januari 2012)               International Tbk (May 2011-January 2012)
                                 ›    Manager - Group Corporate Development and           ›   Manager - Group Corporate Development and
                                      Strategy PT Astra International Tbk (Januari            Strategy PT Astra International Tbk (January
                                      2012-September 2015)                                    2012-September 2015)
                                 ›    Head of Finance, Accounting & Tax PT Brilliant      ›   Head of Finance, Accounting & Tax PT Brilliant
                                      Ecommerce Berjaya (Mbiz.co.id) (September 2015-         Ecommerce Berjaya (Mbiz.co.id) (September
                                      Juli 2016)                                              2015-July 2016)
                                 ›    VP - Digital Banking Business Finance PT Bank       ›   VP - Digital Banking Business Finance PT Bank
                                      DBS Indonesia (Juli 2016-Juni 2017)                     DBS Indonesia (July 2016-June 2017)
                                 ›    GM - Corporate Business Development Perseroan       ›   GM - Corporate Business Development of the
                                      (Juli 2017-Juni 2021)                                   Company (July 2017-June 2021)
                                 ›    VP - Corporate Business Development & Investor      ›   VP - Corporate Business Development & Investor
                                      Relations Perseroan (Juli 2021-sekarang)                Relations of the Company (July 2021-present)

      Rangkap Jabatan            Komisaris MPMInsurance                                   Commissioner of MPMInsurance
      Concurrent Positions

      Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan anggota          Has no affiliation with any member of the Board of
      Affiliate Relations        Dewan Komisaris, anggota Direksi, atau dengan            Commissioners, the Board of Directors, the Major
                                 Pemegang Saham Utama dan Pemegang Saham                  Shareholders, or the Controlling Shareholders, either
                                 Pengendali, baik langsung maupun tidak langsung          directly or indirectly, up to the ultimate individual
                                 sampai kepada pemilik individu.                          beneficial owner.



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        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




Tugas dan Tanggung Jawab Divisi Hubungan                            Duties and Responsibilities of the Investor
Investor                                                            Relations Division

Tugas dan tanggung jawab Divisi Hubungan Investor meliputi:         The duties and responsibilities of the Investor Relations Division
                                                                    include:
1. penyusunan strategi untuk mengomunikasikan berbagai              1. developing strategies to communicate various aspects
   aspek terkait dengan saham, kinerja, pencapaian, prospek,            related to the Company’s shares, performance, achievements,
   serta informasi penting Perseroan lainnya kepada pihak-              prospects, and other material information to relevant
   pihak yang berkepentingan, seperti analis, investor, calon           stakeholders such as analysts, investors, prospective
   investor, dan pelaku pasar modal;                                    investors, and capital market participants;
2. penyiapan materi dan pelaksanaan kegiatan komunikasi             2. preparing materials and conducting market communication
   pasar, termasuk analyst meeting, earnings call, dan paparan          activities, including analyst meetings, earnings calls, and
   publik;                                                              public presentations;
3. pengelolaan hubungan dengan Pemegang Saham, analis,              3. managing relationships with Shareholders, analysts, and
   dan manajer investasi, termasuk menanggapi pertanyaan                investment managers, including responding to questions and
   dan permintaan informasi yang relevan;                               requests for relevant information;
4. pemantauan dan pelaporan kepada Direksi hasil evaluasi           4. monitoring and reporting to the Board of Directors the
   para analis terhadap kinerja dan harga saham Perseroan               results of analysts’ evaluations regarding the Company’s
   secara berkala;                                                      performance and stock price on a regular basis;
5. penyediaan data dan informasi Perseroan yang dapat               5. providing the Company’s data and information to investors
   disampaikan kepada investor dan pemangku kepentingan                 and other stakeholders accurately and in a timely manner;
   lainnya secara akurat dan tepat waktu; dan                           and
6. koordinasi pemenuhan keterbukaan informasi sesuai                6. coordinating compliance with information disclosure
   ketentuan regulator yang berlaku (bersama Sekretaris                 requirements according to applicable regulations (together
   Perusahaan/Corporate Communications).                                with the Corporate Secretary/Corporate Communications).


Pelaksanaan          Kegiatan         Divisi    Hubungan            Implementation of Investor Relations Division
Investor                                                            Activities

Sepanjang tahun 2025, Divisi Hubungan Investor melaksanakan         Throughout 2025, the Investor Relations Division carried out
berbagai kegiatan yang menjadi bagian dari tanggung jawabnya        various activities as part of its responsibilities, including:
sebagai berikut:
1. melakukan analisis berkala terhadap daftar Pemegang              1. conducting periodic analysis of the Company’s Shareholder
    Saham Perseroan untuk memperoleh pemahaman yang                    register to gain an accurate understanding of share
    akurat mengenai kepemilikan saham dan perubahan                    ownership and significant changes;
    signifikan.
2. memenuhi kewajiban Paparan Publik sesuai ketentuan III.3.6.      2. fulfilling Public Expose obligation in accordance with Article
    Peraturan Bursa Efek Indonesia No. I-E tahun 2022, dengan          III.3.6 of Indonesia Stock Exchange Regulation No. I-E of
    menyampaikan materi Paparan Publik tahunan bersamaan               2022, by delivering annual Public Expose materials alongside
    dengan penyampaian Laporan Keuangan Konsolidasian                  the submission of the Company’s Audited Consolidated
    Perseroan (Audited) per 31 Desember 2024.                          Financial Statements as of December 31, 2024;
3. menyelenggarakan pertemuan dengan analis, komunitas              3. organizing meetings with analysts, the capital market
    pasar modal, investor, dan calon investor untuk membahas           community, investors, and prospective investors to discuss
    kinerja Perseroan dan prospek bisnis secara transparan.            the Company’s performance and business prospects
                                                                       transparently; and
4. mempublikasikan laporan triwulanan terkait kondisi dan           4. publishing quarterly reports on the Company’s condition and
   kinerja Perseroan, beserta informasi dan data pendukungnya,         performance, as well as supporting information and data,
   melalui situs web resmi Perseroan untuk memastikan                  on the Company’s official website to ensure information
   keterbukaan informasi bagi seluruh pemangku kepentingan.            transparency for all stakeholders.




                                                                                                        PT Mitra Pinasthika Mustika Tbk
                                                                                                                    2025 Annual Report    181
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              Pengantar            Ikhtisar Kinerja                 Laporan Manajemen            Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights           Management Report            Company Profile            Business Support Overview




      Unit Audit Internal
      Internal Audit Unit


      Unit Audit Internal berfungsi sebagai pengawas internal yang              The Internal Audit Unit functions as an independent internal
      independen dalam struktur organisasi Perseroan. Unit ini                  oversight body within the Company’s organizational structure.
      bertanggung jawab memberikan evaluasi profesional dan                     The unit is responsible for providing professional evaluations and
      rekomendasi yang dapat ditindaklanjuti kepada Direktur Utama              recommendations that can be followed up to the President Director
      serta manajemen, dengan tujuan meningkatkan efektivitas                   and management, with the aim of enhancing the effectiveness of
      pengendalian internal dan praktik manajemen risiko. Melalui audit         internal controls and risk management practices. Based on its
      yang dilakukannya, unit ini membantu memperkuat kerangka                  audit results, the unit helps strengthen the Company’s operational
      operasional Perseroan sekaligus mendukung terciptanya tata                framework while supporting the establishment of transparent,
      kelola yang transparan, terukur, dan berkelanjutan.                       measurable, and sustainable governance.


      Struktur dan Kedudukan Unit Audit Internal                                Structure and Position of the Internal Audit Unit



                                                                    Direktur
                                                                        Direksi
                                                                             Utama                              Komite Audit
                                                                   Board
                                                                   President
                                                                         of Directors
                                                                             Director                          Audit Committee




                                                                    IVAN SANTOSO
                                                                Kepala Unit Audit Internal
                                                                  Head of Internal Audit




                                                                                    Distribusi Ritel dan
              Kantor Pusat MPM                        Lainnya                           Aftermarket                      Transportasi
               MPM Head Office                         Others                      Distribution Retail and              Transportation
                                                                                         Aftermarket




      Profil Kepala Unit Audit Internal                                         Profile of Head of Internal Audit Unit
      IVAN SANTOSO

      Jabatan                    Kepala Unit Audit Internal
      Position                   Head of Internal Audit Unit

      Warga Negara               Indonesia
      Citizen

      Usia                       40 tahun
      Age                        40 years old

      Domisili                   Jakarta
      Domiciled

      Dasar Hukum                Keputusan Direksi No. LMPM.DIR.079/IX/2022 tanggal 26 September 2022 (2022-sekarang).
      Pengangkatan               Board of Directors Decree No. LMPM.DIR.079/IX/2022 dated September 26, 2022 (2022-present).
      Legal Basis of
      Appointment

      Riwayat Pendidikan         Sarjana Komputer dari Universitas Tarumanagara              Bachelor of Computer Science from Tarumanagara
      dan/atau Sertifikasi       (2007).                                                     University (2007).
      Educational
      Background and/ or
      Certification



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        Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis              Corporate Governance               Environmental and Social Responsibility




Riwayat Jabatan           ›   IT Technical Trainer ExecuTrain of Jakarta (2007);
History of previous       ›   Risk Advisory Services Associate Kantor Akuntan Publik Siddharta Widjaja & Rekan (anggota dari KPMG
Position                      International) (2007-2008);
                          ›   IT Infrastructure & IT Audit Officer Moore Stephens (2008-2009);
                          ›   Senior Associate Risk & Control Solutions PwC Indonesia (2009-2012);
                          ›   Information System Security Manager PT Tirta Investama (2012);
                          ›   Assistant Manager IT Risk & Assurance Ernst & Young Indonesia (2012-2015);
                          ›   Risk Management & Compliance Lead PT Multi Adiprakarsa Manunggal (2015-2017);
                          ›   Senior Manager Corporate Internal Audit Perseroan (2017-2022).

Rangkap Jabatan           Beliau tidak memiliki rangkap jabatan di dalam Grup        He has no concurrent positions in the MPM Group
Concurrent Positions      MPM per 31 Desember 2025.                                  as of December 31, 2025.

Hubungan Afiliasi         Tidak memiliki hubungan afiliasi dengan anggota            Has no affiliation with members of the Board of
Affiliate Relations       Dewan Komisaris, anggota Direksi, atau dengan              Commissioners, members of the Board of Directors,
                          Pemegang Saham Utama dan Pemegang Saham                    or with Majority Shareholders and Controlling
                          Pengendali, baik langsung maupun tidak langsung            Shareholders, either directly or indirectly up to
                          sampai kepada pemilik individu.                            individual owners.

Sertifikasi sebagai       ›   Certified Information System Auditor dari Information Systems Audit and Control Association (2012);
Profesi Audit Internal    ›   Certified in the Governance of Enterprise Information Technology dari Information Systems Audit and
Certification as              Control Association (2019);
an Internal Audit         ›   Certified Data Privacy Solutions Engineer dari Information Systems Audit and Control Association (2020);
Professional                  dan
                          ›   Certified Business Continuity Management Professional dari Revolution Mind Indonesia (2024).



Jumlah dan Kualifikasi Unit Audit Internal                              Number and Qualifications of the Internal Audit
                                                                        Unit

Hingga 31 Desember 2025, Unit Audit Internal terdiri dari               As of December 31, 2025, the Internal Audit Unit consisted of
8 (delapan) orang karyawan. Seluruh anggota tim telah                   8 (eight) employees. All team members have met the required
memenuhi persyaratan profesional dengan memiliki sertifikasi            professional qualifications by holding certifications in the field of
di bidang audit internal, yang rincian sertifikasi masing-masing        internal audit, the details of individual qualifications are presented
ditampilkan pada tabel berikut:                                         in the following table:


                                                 Sertifikasi                                                              Jumlah
                                                Certification                                                              Total

Certified Information Systems Auditor (CISA)                                                                                 2

Certified in the Governance of Enterprise Information Technology (CGEIT)                                                     1

Certified Data Privacy Solutions Engineer (CDPSE)                                                                            2

Certified Fraud Investigator Professional (CFIP)                                                                             2

Certified Internal Audit Professional (CIAP)                                                                                 2

Certified Professional Information Technology Auditor (CPITA)                                                                2

Certified Fraud Prevention Manager (CFPM)                                                                                    2

Financial Statement Analysis Certified Professional (FSACP)                                                                  1


Tugas dan Tanggung Jawab Unit Audit Internal                            Duties and Responsibilities of the Internal
                                                                        Audit Unit

Tugas dan tanggung jawab Unit Audit Internal sesuai dengan              The duties and responsibilities of the Internal Audit Unit, as
Piagam Unit Audit Internal adalah sebagai berikut:                      stipulated in the Internal Audit Unit Charter, are as follows:
› menyusun dan melaksanakan rencana audit internal tahunan;             › preparing and implementing the annual internal audit plan;
› menguji dan mengevaluasi pelaksanaan pengendalian                     › examining and evaluating the implementation of internal
   internal dan sistem manajemen risiko sesuai kebijakan                    controls and risk management systems in accordance with
   Perseroan;                                                               the Company’s policies;




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              Pengantar            Ikhtisar Kinerja              Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights        Management Report           Company Profile             Business Support Overview




      ›   melakukan pemeriksaan dan penilaian atas efisiensi dan           ›   conducting audits and assessments of efficiency and
          efektivitas di bidang keuangan, akuntansi, operasional,              effectiveness in the areas of finance, accounting, operations,
          sumber daya manusia, pemasaran, teknologi informasi, dan             human resources, marketing, information technology, and
          kegiatan lainnya;                                                    other activities;
      ›   memberikan rekomendasi perbaikan dan informasi yang              ›   providing recommendations for improvement and objective
          objektif tentang kegiatan yang diperiksa pada semua                  information on audited activities at all management levels;
          tingkatan manajemen;
      ›   membuat laporan hasil audit dan menyampaikan laporan             ›   preparing audit reports and submitting them to the President
          tersebut kepada Direktur Utama dan Dewan Komisaris melalui           Director and the Board of Commissioners through the Audit
          Komite Audit;                                                        Committee;
      ›   memantau, menganalisis, dan melaporkan pelaksanaan               ›   monitoring, analyzing, and reporting the follow-up actions on
          tindak lanjut rekomendasi perbaikan;                                 recommended improvements;
      ›   melakukan koordinasi dan bekerja sama dengan Komite Audit;       ›   coordinating and cooperating with the Audit Committee;
      ›   menyusun program untuk mengevaluasi mutu kegiatan Unit           ›   developing programs to evaluate the quality of Internal Audit
          Audit Internal yang telah dilakukan;                                 Unit activities that have been conducted;
      ›   melakukan pemeriksaan khusus apabila diperlukan sepanjang        ›   conducting special audits when necessary, provided that
          tidak mempengaruhi independensi; dan                                 independence is not compromised; and
      ›   melaksanakan dan melaporkan quality assurance dan                ›   implementing and reporting quality assurance and
          program perbaikan yang mencakup seluruh aspek kegiatan               improvement programs covering all aspects of internal audit
          audit internal termasuk evaluasi kesesuaiannya dengan                activities, including evaluation of compliance with applicable
          ketentuan yang berlaku.                                              regulations.


      Piagam Unit Audit Internal                                           Internal Audit Unit’s Charter

      Piagam Unit Audit Internal menjadi pedoman utama bagi                The Internal Audit Unit Charter serves as the primary guideline for
      pelaksanaan tugas dan tanggung jawab Unit Audit Internal.            the Internal Audit Unit in executing the duties and responsibilities.
      Piagam ini menjabarkan peran, prosedur, dan tanggung jawab           This charter comprehensively outlines the unit’s roles, procedures,
      unit secara menyeluruh, sehingga setiap kegiatan audit dapat         and responsibilities, ensuring that all audit activities are conducted
      dilakukan secara profesional dan terstruktur. Piagam ini terakhir    in a professional and structured manner. The charter was last
      diperbarui pada 1 Agustus 2025 dan ditinjau secara berkala           updated on August 1, 2025 and is periodically reviewed to align
      untuk menyesuaikan dengan standar praktik terbaik serta              with best practice standards and the Company’s evolving needs.
      kebutuhan Perseroan yang terus berkembang. Dengan demikian,          Through this charter, the Internal Audit Unit is able to perform its
      Unit Audit Internal dapat menjalankan fungsinya secara efektif,      functions effectively, support management, and strengthen the
      mendukung manajemen, dan memperkuat sistem pengendalian              internal control system. Further information regarding the Internal
      internal. Informasi selengkapnya mengenai Piagam Unit Audit          Audit Unit Charter is available on the Company’s official website.
      Internal tersedia di situs resmi Perseroan.


      Pelaksanaan Kegiatan Unit Audit Internal                             Implementation of Internal Audit Unit Activities

      Sepanjang tahun 2025, Unit Audit Internal telah melaksanakan         Throughout 2025, the Internal Audit Unit carried out its duties and
      tugas dan tanggung jawabnya sesuai dengan ketentuan yang             responsibilities in accordance with the provisions set forth in the
      tercantum dalam Piagam Unit Audit Internal sebagai berikut:          Internal Audit Unit Charter, including:
      1. menyelesaikan 23 penugasan yang mencakup 4 audit                  1. completing 23 assignments comprising 4 operational audits,
          operasional, 3 audit teknologi informasi, 13 kegiatan                3 information technology audits, 13 consulting activities,
          konsultasi, dan 3 penugasan Continuous Audit and                     and 3 Continuous Audit and Continuous Monitoring (CACM)
          Continuous Monitoring (CACM). Seluruh penugasan ini                  assignments. All assignments were conducted across the
          dilaksanakan di seluruh Entitas Anak dan cabang Perseroan            Company’s Subsidiaries and branch offices in Indonesia;
          di Indonesia;
      2. meninjau proses bisnis yang berjalan untuk memastikan             2. reviewing ongoing business processes to ensure the internal
          sistem pengendalian internal berfungsi efektif dan risiko-          control system operates effectively and risk control was
          risiko dapat dikendalikan secara memadai;                           adequately in place;
      3. melaksanakan kegiatan Penilaian Risiko Katastropik                3. conducting Catastrophic Risk Assessments in collaboration
          (Catastrophic Risk Assessment) bersama dengan unit                  with the Risk Management unit and Process Owners to ensure
          Manajemen Risiko dan Pemilik Proses untuk memastikan                that all catastrophic-impact risks were identified and mitigated
          seluruh risiko dengan dampak katastropik telah diidentifikasi       in accordance with the Company’s Risk Management
          dan dimitigasi sesuai dengan Pedoman Manajemen Risiko               Guidelines;
          Perseroan;




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        Management Discussion and Analysis            Corporate Governance               Environmental and Social Responsibility




4. melaksanakan kegiatan Penilaian Risiko Kecurangan (Fraud           4. conducting Fraud Risk Assessments together with the Risk
   Risk Assessment) bersama dengan unit Manajemen Risiko                 Management unit and relevant Process Owners to map
   dan Pemilik Proses terkait untuk memetakan potensi risiko             potential fraud risks and ensure that appropriate internal
   kecurangan yang relevan, serta memastikan pengendalian                controls had been implemented;
   internal telah diterapkan;
5. menyampaikan hasil audit internal beserta saran perbaikan          5. submitting internal audit results along with improvement
   kepada manajemen dan Komite Audit secara berkala, disertai            recommendations to management and the Audit Committee
   pemantauan rutin atas pelaksanaan tindakan perbaikan oleh             on periodical basis, accompanied by regular monitoring of
   manajemen;                                                            management’s implementation of corrective actions;
6. melaksanakan audit dengan pendekatan berbasis risiko (risk-        6. performing audits using a risk-based audit approach,
   based audit), termasuk melakukan penilaian risiko independen,         including conducting independent risk assessments, as well
   serta mengembangkan skenario CACM baru maupun                         as developing new CACM scenarios and enhancing existing
   melakukan peningkatan pada CACM yang telah ada; dan                   CACM processes; and
7. melaksanakan audit internal sesuai standar ISO 27001:2022          7. conducting internal audits in accordance with ISO 27001:2022
   sebagai bagian dari persyaratan sertifikasi ISO 27001:2022.           standards as part of the requirements for ISO 27001:2022
                                                                         certification.


Rapat Unit Audit Internal                                             Internal Audit Unit Meeting

Kebijakan Rapat Unit Audit Internal                                   Internal Audit Unit Meetings Policy
Unit Audit Internal menyelenggarakan rapat secara rutin untuk         The Internal Audit Unit holds regular meetings to ensure effective
memastikan koordinasi dan komunikasi yang efektif dengan              coordination and communication with relevant parties. Meetings
pihak terkait. Rapat dengan Komite Audit dilakukan minimal            with the Audit Committee are conducted at least four times a year,
empat kali setahun, sementara rapat dengan Direktur Utama             while meetings with the President Director are held at least twice
dilaksanakan sekurang-kurangnya dua kali setahun. Setiap              a year. Each meeting is used to comprehensively present audit
pertemuan digunakan untuk menyampaikan laporan hasil audit            results, discuss findings, and plan necessary follow-up actions.
secara komprehensif, membahas temuan, serta merencanakan
langkah tindak lanjut yang diperlukan.


Tingkat Kehadiran Rapat Unit Audit Internal                           Attendance of Internal Audit Unit Meetings
Sepanjang tahun 2025, Unit Audit Internal mengadakan 4 (empat)        Throughout 2025, the Internal Audit Unit held 4 (four) formal
rapat formal dengan Direksi dan Dewan Komisaris melalui Komite        meetings with the Board of Directors and the Board of
Audit. Rapat-rapat ini difokuskan pada pembahasan agenda              Commissioners through the Audit Committee. These meetings
utama, termasuk presentasi dan diskusi mengenai hasil audit.          focused on discussions of key agenda items, including
                                                                      presentations and discussions of audit results.


Temuan dan Tindak Lanjut Hasil Audit                                  Audit Findings and Follow-Up Actions
Sepanjang tahun 2025, Unit Audit Internal melakukan identifikasi      Throughout 2025, the Internal Audit Unit identified several areas
terhadap beberapa area yang membutuhkan perbaikan dan                 requiring improvement and continuous enhancement in policies,
peningkatan berkelanjutan pada kebijakan, prosedur, dan               procedures, and the implementation of internal controls. There
pelaksanaan pengendalian internal. Tidak terdapat temuan              were no findings of regulatory violations or non-compliance that
pelanggaran peraturan atau ketentuan yang menimbulkan                 resulted in material financial losses. This reflects the Company’s
kerugian finansial material. Hal ini mencerminkan komitmen            commitment to maintaining compliance, effective internal
Perseroan dalam menjaga kepatuhan, efektivitas pengendalian           controls, and strong operational standards.
internal, dan standar operasional yang kuat.


Fokus Audit 2026                                                      Audit Focus for 2026
Rencana audit Perseroan untuk tahun 2026 akan tetap                   The Company’s audit plan for 2026 will continue to prioritize areas
menempatkan fokus utama pada area dan proses bisnis yang              and business processes with high risk exposure, including fraud
memiliki risiko tinggi, termasuk fraud risk dan catastrophic          risk and catastrophic risk, as determined based on assessments
risk yang ditentukan berdasarkan penilaian dari pemilik risiko        by risk owners and independent risk evaluations conducted by the
(risk owner) maupun hasil evaluasi risiko independen oleh Unit        Internal Audit Unit. Audit activities will include the implementation
Audit Internal. Aktivitas audit akan mencakup implementasi dan        and enhancement of new CACM initiatives, ISO 27001:2022-based
peningkatan CACM baru, pelaksanaan audit internal berbasis            internal audits, advisory activities, and fraud prevention and
ISO 27001:2022, kegiatan advisory, serta upaya pencegahan             detection efforts through strengthened implementation of the
dan deteksi fraud melalui penguatan implementasi Strategi Anti        Company’s Anti-Fraud Strategy.
Fraud Perseroan.




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                                                                                                                        2025 Annual Report    185
Page 188
              Pengantar            Ikhtisar Kinerja               Laporan Manajemen            Profil Perusahaan             Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights         Management Report            Company Profile               Business Support Overview




      Pelatihan dan/atau Peningkatan Kompetensi                              Training and/or Competency Development of
      Unit Audit Internal                                                    the Internal Audit Unit

      Program pelatihan dan/atau peningkatan kompetensi yang                 The training and/or competency development programs attended
      diikuti oleh Unit Audit Internal sepanjang tahun 2025 dapat            by the Internal Audit Unit throughout 2025 are presented in the
      dilihat pada tabel berikut:                                            following table:


                                   Pelatihan                                       Waktu                    Tempat              Penyelenggara
                                   Training                                        Date                      Venue                Organizer

      Forensic - Corporate Criminal Liability: How Organization         16 Januari/January 2025       Artha Graha Tower         EY Indonesia
      Should Navigate Toward Sustainable Business

      Statistics for Business Analytics and Data Science Course         30 Maret/March 2025           Online                    Udemy

      Introduction to TensorFlow for Artificial Intelligence, Machine   4 April 2025                  Online                    Coursera
      Learning, and Deep Learning

      Managing Project Like a Pro                                       7 Mei/May 2025                MPM Head Office           Multimatics

      AI & Cyber Skills: Empowering a Workforce to Combat a             13 Mei/May 2025               Online                    ISACA
      Rapidly Evolving Threat Landscape

      Google Cloud Summit 2025                                          22 Mei/May 2025               Ritz Carlton Pacific      Google
                                                                                                      Place                     Indonesia

      The Future of Cybersecurity: Threats, Challenges, and             5 Juni/June 2025              Online                    OJK
      Innovations

      Accounting for non-Accounting                                     18 Juli/July 2025             MPM Head Office           Corporate
                                                                                                                                Internal Audit

      Risk Management Professional                                      26-27 Juli/July 2025          Online                    RMI

      Risk & Governance Summit 2025                                     19 Agustus/August 2025        Online                    OJK

      Sistem Manajemen Anti Penyuapan ISO 37001:2016                    3 September 2025              Online                    Udemy
      Anty Bribery Management System ISO 37001:2016

      ISO 27701: Privacy Information Management System                  10 September 2025             Online                    Udemy

      Good Corporate Governance in Action: Integrating ICoFR,           22 Oktober/October 2025       Online                    United Nations
      Investigative Audits, and Digital Forensic Accounting                                                                     Global Impact
      Confirmation

      GRACS (IT Governance, Risk Management, Assurance, and             28 Oktober/October 2025       Ayana Midplaza            ISACA
      Cyber Security) x IPSS (Indonesia Privacy & Security Summit)                                    Jakarta
      2025

      Tensorflow Developer Professional                                 28 Oktober/October 2025       Online                    Deeplearning.ai

      Sustainability Reporting for Leaders (5W1H Model)                 6 November 2025               Online                    Udemy

      Internal Audit Manual                                             18 Desember/December          MPM Head Office           Corporate
                                                                        2025                                                    Internal Audit




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186   Laporan Tahunan 2025
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        Analisis dan Pembahasan Manajemen              Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis             Corporate Governance               Environmental and Social Responsibility




Sistem Pengendalian Internal
Internal Control System


Perseroan terus berupaya memperkuat penerapan GCG melalui              The Company consistently strives to strengthen the GCG
pengembangan sistem pengendalian internal yang solid. Sistem           implementation through the development of a solid internal control
ini dirancang untuk mendukung efektivitas dan efisiensi seluruh        system. This system is designed to support the effectiveness and
aktivitas operasional, menjamin keandalan serta ketepatan              efficiency of all operational activities, ensure the reliability and
pelaporan keuangan, sekaligus memastikan kepatuhan penuh               accuracy of financial reporting, while also ensuring full compliance
terhadap peraturan perundang-undangan yang berlaku.                    with applicable laws and regulations.


Struktur pengendalian internal Perseroan terbagi ke dalam              The internal control structure of the Company is divided into
3 (tiga) komponen utama:                                               3 (three) main components:
1. Pengendalian Keuangan                                               1. Financial Control
     Pengendalian keuangan diterapkan untuk memastikan                      Financial control is applied to ensure that all financial
     seluruh informasi keuangan mematuhi standar akuntansi                  information complies with applicable accounting standards.
     yang berlaku. Proses ini mencakup penilaian menyeluruh                 This process includes a comprehensive assessment of
     terhadap seluruh akun dan pengungkapan penting dalam                   all accounts and important disclosures in the financial
     laporan keuangan, sehingga keakuratan, konsistensi, dan                statements, so that accuracy, consistency, and reliability can
     keandalannya dapat terjaga.                                            be maintained.
2. Pengendalian Operasional                                            2. Operational Control
     Pengendalian     internal  dalam     lingkup     operasional           Internal control within the operational scope allows
     memungkinkan manajemen untuk memantau dan                              management to monitor and evaluate progress in achieving
     mengevaluasi kemajuan dalam mencapai tujuan operasional                the Company’s operational goals. This control is implemented
     Perseroan. Pengendalian ini dilaksanakan melalui kebijakan             through clear and documented policies and procedures,
     dan prosedur yang jelas dan terdokumentasi, mendukung                  supporting compliance with laws and regulations while also
     kepatuhan terhadap peraturan perundang-undangan                        enhancing operational success. In addition, operational
     sekaligus meningkatkan keberhasilan operasional. Selain                control also contributes to the accuracy of financial reporting,
     itu, pengendalian operasional juga berkontribusi terhadap              considering all relevant non-financial processes.
     akurasi pelaporan keuangan, dengan mempertimbangkan
     semua proses non-keuangan yang relevan.
3. Pengendalian Kepatuhan                                              3. Compliance Control
     Perseroan menempatkan kepatuhan sebagai prioritas utama,             The Company places compliance as a top priority, both with
     baik terhadap hukum, peraturan, maupun rekomendasi dari              respect to laws, regulations, and recommendations from
     regulator. Pengendalian kepatuhan ini memastikan seluruh             regulators. This compliance control ensures that all business
     aktivitas bisnis selaras dengan peraturan yang berlaku,              activities are in line with applicable regulations, while also
     sekaligus memperkuat kredibilitas dan integritas operasional         strengthening the credibility and integrity of the Company’s
     Perseroan.                                                           operations.


Kesesuaian Sistem Pengendalian Internal                                Alignment of the Internal Control System with
dengan Committee of Sponsoring Organizations                           the Committee of Sponsoring Organizations of
of the Treadway Commission (COSO)                                      the Treadway Commission (COSO)

Perseroan mengadopsi kerangka COSO yang diakui secara                  The Company adopts the internationally recognized COSO
internasional sebagai dasar pengembangan sistem pengendalian           framework as the foundation for developing its internal control
internalnya. Lima komponen inti yang membentuk kerangka ini            system. The five core components of this framework work in an
bekerja secara terpadu untuk menjamin bahwa pengendalian               integrated manner to ensure that internal controls are executed
internal dijalankan secara efektif, andal, dan selaras dengan          effectively, reliably, and in alignment with the Company’s
tujuan operasional dan kepatuhan Perseroan.                            operational and compliance objectives.


1. Lingkungan Pengendalian                                             1. Control Environment
   Perseroan menciptakan lingkungan kerja yang aman, etis,                The Company fosters a safe, ethical, and integrity-based work
   dan berbasis integritas dengan mengintegrasikan Pedoman                environment by integrating the Code of Conduct and Corporate
   Perilaku dan Budaya Perusahaan ke dalam kegiatan                       Culture into daily operations. This serves as the foundation for
   operasional sehari-hari. Hal ini menjadi fondasi bagi                  establishing consistent and reliable internal controls.
   terciptanya pengendalian internal yang konsisten dan andal.



                                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                                                         2025 Annual Report    187
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              Pengantar            Ikhtisar Kinerja                 Laporan Manajemen           Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights           Management Report           Company Profile            Business Support Overview




      2. Penilaian Risiko                                                     2. Risk Assessment
         Manajemen risiko dilakukan secara menyeluruh dengan                     Risk management is conducted comprehensively by identifying,
         mengidentifikasi, menganalisis, dan menilai risiko baik                 analyzing, and assessing risks from both internal and external
         dari faktor internal maupun eksternal. Pendekatan proaktif              factors. This proactive approach aims to minimize potential
         ini bertujuan meminimalkan potensi dampak operasional                   operational impacts while ensuring business continuity.
         sekaligus menjaga kelangsungan bisnis.
      3. Kegiatan Pengendalian                                                3. Control Activities
         Pengendalian diterapkan di seluruh tingkatan organisasi                 Controls are implemented at all organizational levels through
         melalui penetapan wewenang yang jelas, pembagian                        the establishment of clear authority, strict segregation of
         tugas yang tegas, evaluasi kinerja, serta perlindungan aset             duties, performance evaluation, and the protection of the
         Perseroan. Semua ini bertujuan menjamin akuntabilitas dan               Company’s assets. All of these measures are aimed at
         mencegah penyimpangan.                                                  ensuring accountability and preventing irregularities.
      4. Informasi dan Komunikasi                                             4. Information and Communication
         Perseroan memastikan aliran informasi yang tepat waktu,                 The Company ensures a timely, accurate, and transparent flow
         akurat, dan transparan terkait isu operasional, keuangan,               of information regarding operational, financial, and regulatory
         dan kepatuhan terhadap peraturan. Mekanisme komunikasi                  compliance issues. Communication mechanisms are designed
         dirancang untuk memenuhi kebutuhan pemangku                             to meet the needs of both internal and external stakeholders.
         kepentingan internal maupun eksternal.
      5. Pengawasan                                                           5. Monitoring
         Pengendalian internal dipantau secara berkelanjutan melalui             Internal controls are monitored on an ongoing basis through
         audit rutin di setiap unit untuk menilai efektivitas pengendalian       routine audits in every unit to assess control effectiveness and
         dan mengidentifikasi area yang memerlukan perbaikan.                    identify areas requiring improvement. Follow-up actions are
         Tindak lanjut dilakukan dengan penerapan pembaruan yang                 carried out by implementing appropriate updates to strengthen
         sesuai untuk memperkuat sistem pengendalian internal.                   the internal control system.


      Perseroan mengadopsi ”Model Tiga Lini” untuk memperkuat                 The Company adopts the “Three Lines Model” to strengthen its
      sistem pengendalian internal, yang dijalankan melalui tiga              internal control system, which is implemented through three layers
      lapisan pengawasan sebagai berikut:                                     of oversight as follows:
      1. Lini Pertama                                                         1. First Line
          Manajemen operasional memikul tanggung jawab utama atas                 Operational management is primarily responsible for
          penerapan sistem pengendalian internal dan pengelolaan                  implementing the internal control system and managing risks
          risiko dalam aktivitas sehari-hari perusahaan.                          within the company’s daily activities.
      2. Lini Kedua                                                           2. Second Line
          Fungsi-fungsi pendukung seperti manajemen risiko,                       Support functions—such as risk management, control,
          pengendalian, kepatuhan, kualitas, kesehatan, keselamatan               compliance, quality, health, safety and environment, and
          dan lingkungan, serta keamanan, secara berkala                          security—periodically evaluate the effectiveness of the
          mengevaluasi efektivitas sistem pengendalian internal dan               Company’s internal control system and risk management.
          pengelolaan risiko Perseroan.
      3. Lini Ketiga                                                          3. Third Line
          Unit Audit Internal melakukan audit independen terhadap                The Internal Audit Unit conducts independent audits of the
          pelaksanaan pengendalian internal di lini pertama dan                  internal control implementation in the first line and evaluates
          evaluasi fungsi-fungsi pendukung di lini kedua, memastikan             the support functions in the second line, ensuring accuracy,
          ketepatan, konsistensi, dan kepatuhan terhadap prosedur                consistency, and compliance with applicable procedures.
          yang berlaku.


      Tinjauan atas Efektivitas Sistem Pengendalian                           Review     of           Internal        Control         System
      Internal                                                                Effectiveness

      Sepanjang tahun 2025, Unit Audit Internal (UAI) telah                   Throughout 2025, the Internal Audit Unit (IAU) carried out
      melaksanakan kegiatan asurans dan advisori sesuai dengan                assurance and advisory activities in accordance with the risk-
      Rencana Kerja Audit Tahunan berbasis risiko. Kegiatan ini               based Annual Audit Work Plan. These activities were aimed at
      bertujuan untuk membantu manajemen Perseroan dan fungsi                 assisting the Company’s management and the risk management
      manajemen risiko dalam meningkatkan efektivitas serta efisiensi         function in continuously improving the effectiveness and efficiency
      pengendalian internal secara berkelanjutan. Selain itu, UAI terus       of internal controls. Furthermore, the IAU continues to coordinate
      berkoordinasi dan bekerjasama dengan fungsi manajemen                   and collaborate with the risk management function to monitor the
      risiko untuk memantau sistem pengendalian internal secara               internal control system periodically, ensuring that all risks with a
      berkala, dan memastikan bahwa seluruh risiko yang berdampak             significant impact on the Company have been properly mitigated.
      signifikan bagi Perseroan telah dimitigasi dengan baik.



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188   Laporan Tahunan 2025
Page 191
        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis           Corporate Governance               Environmental and Social Responsibility




Pernyataan Dewan Komisaris dan Direksi atas                           Statement of the Board of Commissioners
Kecukupan Sistem Pengendalian Internal                                and Board of Directors on the Adequacy of the
                                                                      Internal Control System

Berdasarkan hasil evaluasi tersebut, Dewan Komisaris dan              Based on the results of the aforementioned evaluation, the Board
Direksi menegaskan bahwa sistem pengendalian internal                 of Commissioners and the Board of Directors affirmed that the
Perseroan telah berjalan dengan efektif. Dengan sistem ini,           Company’s internal control system has operated effectively.
seluruh operasi Perseroan dapat dijalankan sesuai peraturan           This system enabled all of the Company’s operations to run in
perundang-undangan yang berlaku, sekaligus mendukung                  compliance with applicable laws and regulations, while supporting
pencapaian tujuan strategis dan keberlanjutan usaha Perseroan.        the achievement of the Company’s strategic objectives and
                                                                      business sustainability.




Auditor Eksternal
External Auditor


Dewan Komisaris pada tanggal 21 Agustus 2025 menyetujui               On August 21, 2025, the Board of Commissioners approved the
penunjukan Kantor Akuntan Publik Siddharta Widjaja & Rekan,           appointment of the Public Accounting Firm Siddharta Widjaja &
anggota KPMG International, beserta Akuntan Publik Novie,             Partners, a member of KPMG International, and Public Accountant
untuk melaksanakan audit independen atas Laporan Keuangan             Novie, to conduct an independent audit of the Company’s
Konsolidasian Perseroan untuk tahun buku yang berakhir pada           Consolidated Financial Statements for the fiscal year ending on
31 Desember 2025. Audit ini difokuskan secara eksklusif pada          December 31, 2025. This audit focused exclusively on the audit
pemeriksaan laporan keuangan, sehingga independensi dan               of financial statements, thereby maintaining independence and
objektivitas tetap terjaga, dan tidak ada jasa non-audit yang         objectivity, and ensuring that no non-audit services were provided
diberikan oleh kantor akuntan publik tersebut.                        by the public accounting firm.


Untuk pelaksanaan audit tahun buku 2025, Perseroan                    For the execution of the 2025 fiscal year audit, the Company paid
membayarkan total biaya sebesar Rp5.000.000.000 kepada                a total fee of Rp5,000,000,000 to this public accounting firm,
kantor akuntan publik ini, yang mencakup audit atas Laporan           comprising the audit of the Consolidated Financial Statements of
Keuangan Konsolidasian Perseroan maupun Entitas Anak.                 the Company as well as its Subsidiaries.


Rincian mengenai kantor akuntan publik serta akuntan yang             Details regarding the public accounting firm and the individual
melakukan audit Laporan Keuangan Konsolidasian Perseroan              auditor who have conducted the audit of the Company’s
selama lima tahun terakhir dapat ditemukan pada tabel berikut:        Consolidated Financial Statements over the last five years are
                                                                      presented in the following table:


   Tahun                                     Kantor Akuntan Publik                                             Akuntan Publik
    Year                                     Public Accounting Firm                                           Public Accountant

   2025                    Siddharta Widjaja & Rekan (anggota dari KPMG International)                         Novie, SE, CPA
                           Siddharta Widjaja & Rekan (member of KPMG International)

   2024                    Siddharta Widjaja & Rekan (anggota dari KPMG International)                         Novie, SE, CPA
                           Siddharta Widjaja & Rekan (member of KPMG International)

   2023                    Siddharta Widjaja & Rekan (anggota dari KPMG International)                         Novie, SE, CPA
                           Siddharta Widjaja & Rekan (member of KPMG International)

   2022                    Siddharta Widjaja & Rekan (anggota dari KPMG International)                         Harry Widjaja, SE, CPA
                           Siddharta Widjaja & Rekan (member of KPMG International)

   2021                    Siddharta Widjaja & Rekan (anggota dari KPMG International)                         Novie, SE, CPA
                           Siddharta Widjaja & Rekan (member of KPMG International)




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                                      2025 Annual Report    189
Page 192
              Pengantar            Ikhtisar Kinerja               Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights         Management Report           Company Profile             Business Support Overview




      Tim Manajemen Risiko
      Risk Management Team


      Piagam Tim Manajemen Risiko                                           Risk Management Team Charter

      Dalam menjalankan fungsi dan tanggung jawabnya, Tim                   In performing its functions and responsibilities, the Risk
      Manajemen Risiko berpedoman pada Piagam Tim Manajemen                 Management Team is guided by the Risk Management Team
      Risiko. Piagam ini menjadi acuan kerja tim dengan menetapkan          Charter. This charter serves as the team’s work guideline that
      peran, tanggung jawab, dan tujuan utama, sehingga setiap              establishes roles, responsibilities, and primary objectives, ensuring
      langkah pengelolaan risiko dilakukan secara terstruktur,              that every risk management measure is carried out in a structured,
      sistematis, dan selaras dengan strategi Perseroan.                    systematic manner, and aligned with the Company’s strategy.


      Komposisi dan Masa Jabatan Tim Manajemen                              Composition and Term of Office of the Risk
      Risiko                                                                Management Team

      Susunan anggota serta masa jabatan Tim Manajemen Risiko               The composition of members and the term of office for the
      Perseroan ditetapkan sebagai berikut:                                 Company’s Risk Management Team is determined below:
      1. Tim Manajemen Risiko terdiri dari ketua dan minimal 2 (dua)        1. The Risk Management Team consists of a Chairperson and a
          orang anggota;                                                       minimum of 2 (two) members;
      2. Anggota Tim Manajemen Risiko sekurang-kurangnya terdiri            2. The members of the Risk Management Team shall consist of
          dari:                                                                at least:
          a. Direktur Utama/CEO Group dan Direktur Perseroan yang              a. The President Director/Group CEO and a Company
              sekurang-kurangnya membawahi Divisi Keuangan dan                      Director who oversees at least the Finance and Accounting
              Akuntansi; dan                                                        Division; and
          b. Kepala Divisi yang membawahi fungsi Manajemen                     b. The Head of Division overseeing the Risk Management
              Risiko, fungsi Audit Internal Perseroan, dan fungsi Legal/            function, the Company’s Internal Audit function, and the
              Kepatuhan Perseroan;                                                  Company’s Legal/Compliance function;
      3. Ketua Tim Manajemen Risiko adalah Direktur Utama/CEO               3. The Chairperson of the Risk Management Team is the
          Group, sedangkan Sekretariat Tim Manajemen Risiko adalah             President Director/Group CEO, while the Secretariat of the
          Kepala Divisi yang membawahi fungsi Manajemen Risiko                 Risk Management Team is the Head of Division overseeing the
          Perseroan;                                                           Company’s Risk Management function;
      4. Sekretariat Tim Manajemen Risiko bertanggung jawab untuk           4. The Risk Management Team Secretariat is responsible for
          mengelola pelaksanaan rapat Tim Manajemen Risiko;                    managing the execution of Risk Management Team meetings;
      5. Ketua dan anggota Tim Manajemen Risiko diangkat oleh               5. The Chairperson and members of the Risk Management Team
          Direksi Perseroan melalui surat keputusan pengangkatan;              are appointed by the Company’s Board of Directors based on a
          dan                                                                  formal appointment decree; and
      6. Keanggotaan Tim Manajemen Risiko melekat pada jabatan              6. Membership in the Risk Management Team is ex-officio
          sehingga masa jabatan keanggotaan Tim Manajemen Risiko               (attached to the position); therefore, the term of office for
          sama dengan masa jabatan perorangan.                                 the Risk Management Team members corresponds to their
                                                                               respective individual terms of office in their positions.


      Struktur Organisasi Tim Manajemen Risiko                              Organizational Structure                     of     the       Risk
                                                                            Management Team

      Struktur organisasi Tim Manajemen Risiko Perseroan ditetapkan         The organizational structure of the Company’s Risk Management
      melalui Surat Keputusan Direksi No. L.MPM/DIR-089/VIII/2023,          Team is established through the Board of Directors’ Decree No.
      yang mengatur susunan anggota dan peran masing-masing                 L.MPM/DIR-089/VIII/2023, which governs the composition of
      dalam mendukung pelaksanaan pengelolaan risiko secara                 members and their respective roles in supporting the effective
      efektif.                                                              implementation of risk management.




      PT Mitra Pinasthika Mustika Tbk
190   Laporan Tahunan 2025
Page 193
        Analisis dan Pembahasan Manajemen                 Tata Kelola Perusahaan              Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis                Corporate Governance                Environmental and Social Responsibility




                                                               Direktur Utama
                                                              President Director

                                                          SUWITO MAWARWATI
                                                                   Ketua
                                                                  Chairman




                                     Kepala Divisi Fungsi                                                        Kepala Divisi Fungsi
           Direktur                   Manajemen Risiko                  Kepala Unit Audit Internal        Kepatuhan (Sekretaris Perusahaan)
           Director                Head of Risk Management              Head of Internal Audit Unit         Head of Compliance Function
                                       Function Division                                                    Division (Corporate Secretary)
     BEATRICE KARTIKA                                                        IVAN SANTOSO
           Anggota                        ANG AMELIA*                              Anggota                 TIMOTHY IMMANUEL HUTAPEA
           Member                       Anggota/Sekretariat                        Member                               Anggota
                                        Member/Secretariat                                                              Member


 * per 23 Februari 2026 digantikan oleh Bapak Donny Andriansyah sebagaimana Surat Keputusan Direksi No. L.MPM/DIR-001/11/2026
   tanggal 23 Februari 2026.
 * as of 23 February 2026, replaced by Mr. Donny Andriansyah pursuant to the Board of Directors Decree No. L.MPM/DIR-001/11/2026 dated
   23 February 2026.



Kualifikasi/Sertifikasi Profesi Tim Manajemen                              Professional Qualifications/Certifications of
Risiko                                                                     the Risk Management Team

Personel Tim Manajemen Risiko Perseroan memiliki berbagai                  The personnel of the Company’s Risk Management Team hold
sertifikasi profesional yang relevan dengan pengelolaan risiko.            various professional certifications relevant to risk management.
Tabel berikut menguraikan jenis sertifikasi yang dimiliki masing-          The following table outlines the types of certifications held by each
masing anggota tim:                                                        team member:


                                                      Sertifikasi                                                                 Jumlah
                                                     Certification                                                                 Total
Qualified Risk Management Professional (QRMP)                                                                                       1
Certified Governance Risk & Compliance Professional (CGRCP)                                                                         1
Enterprise Risk Management Certified Professional (ERMCP)                                                                           1
Certified Risk Management Professional (CRMP)                                                                                       1


Tugas dan Tanggung Jawab Tim Manajemen                                     Duties and Responsibilities of the Risk
Risiko                                                                     Management Team

Tim Manajemen Risiko memiliki tugas dan tanggung jawab                     The Risk Management Team has the following duties and
sebagai berikut:                                                           responsibilities:
1. menyusun dan mengomunikasikan kebijakan, strategi, dan                  1. formulating and communicating policies, strategies, and
   pedoman penerapan manajemen risiko di Perseroan dan                         guidelines for the implementation of risk management
   Entitas Anak secara berkelanjutan dan konsisten;                            within the Company and its Subsidiaries in a continuous and
                                                                               consistent manner;
2. memantau risk profile dari seluruh Grup MPM (enterprise risk            2. monitoring the risk profile of the entire MPM Group (enterprise
   management) dan pelaksanaan langkah-langkah mitigasi                        risk management) and the execution of mitigation measures
   yang telah dijalankan untuk risiko strategis Grup MPM;                      implemented for the Group’s strategic risks;
3. memberikan rekomendasi perbaikan dan penyempurnaan                      3. providing recommendations for the improvement and
   penerapan manajemen risiko di Perseroan dan Entitas Anak;                   refinement of risk management implementation within the
                                                                               Company and its Subsidiaries;
4. mengkaji langkah-langkah taktis dalam melaksanakan mitigasi             4. reviewing tactical measures in executing risk mitigation for
   risiko Perseroan dan Entitas Anak untuk risiko yang bersifat                the Company and its Subsidiaries regarding risks that are
   strategis di tingkat Grup MPM dan/atau memiliki dampak                      strategic at the MPM Group level and/or impact more than one
   terhadap lebih dari satu perusahaan dalam lingkup Grup MPM;                 company within the MPM Group;
5. mengoordinasikan pelaksanaan langkah-langkah taktis                     5. coordinating the implementation of tactical risk mitigation
   mitigasi risiko yang melibatkan lebih dari satu perusahaan                  measures involving more than one company within the MPM
   dalam lingkungan Grup MPM;                                                  Group environment;

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      6. melakukan kajian terhadap dampak dari keputusan bisnis         6. conducting reviews on the impacts of strategic business
         strategis dan/atau yang menyimpang dari prosedur normal           decisions and/or irregularities, and providing recommendations
         (irregularities) serta memberikan rekomendasi langkah             for risk mitigation measures; and
         mitigasi risiko; dan
      7. melakukan kampanye berkelanjutan untuk mengembangkan           7. conducting ongoing campaigns to develop a culture of risk
         budaya peduli, memiliki, dan waspada risiko dengan                awareness, ownership, and vigilance, emphasizing that risk is
         menekankan bahwa risiko adalah tanggung jawab seluruh             the responsibility of the entire MPM Group.
         Grup MPM.


      Rapat Tim Manajemen Risiko                                        Risk Management Team Meetings

      Kebijakan Rapat Tim Manajemen Risiko                              Risk Management Team Meeting Policy
      Sesuai dengan Piagam Tim Manajemen Risiko, rapat Tim              In accordance with the Risk Management Team Charter, meetings
      Manajemen Risiko diselenggarakan secara berkala minimal           are held periodically, at least twice a year, to ensure that risk
      dua kali dalam setahun untuk memastikan pengelolaan risiko        management is conducted consistently and in a structured
      dilakukan secara konsisten dan terstruktur.                       manner.


      Frekuensi Pelaksanaan Rapat Tim Manajemen Risiko                  Frequency of Risk Management Team Meetings
      Sepanjang tahun 2025, Tim Manajemen Risiko mengadakan dua         Throughout 2025, the Risk Management Team held two meetings,
      rapat, dengan fokus utama pada Risk Profile Update dan Risk       with main focus on the Risk Profile Update and Risk Monitoring
      Monitoring & Review Cycle 12 2024-2025. Pada Entitas Anak         & Review Cycle 12 2024-2025. At the Subsidiary level, Risk
      juga telah dilaksanakan forum Risk Conference dengan fokus        Conference forums were also held, with a primary focus on
      utama untuk membahas risiko prioritas yang diagregasikan          discussing priority risks aggregated into corporate-level risks of
      menjadi risiko di level korporasi Entitas Anak.                   the Subsidiaries.




      Sistem Manajemen Risiko
      Risk Management System

      Lingkungan bisnis yang dinamis dan kompleks menimbulkan           A dynamic and complex business environment presents potential
      potensi risiko bagi Perseroan. Untuk menghadapinya, Perseroan     risks to the Company. To address them, the Company has
      membangun kerangka manajemen risiko yang sistematis,              established a systematic risk management framework aimed at
      bertujuan untuk mengidentifikasi, menilai, dan mengendalikan      effectively identifying, assessing, and controlling risks from both
      risiko dari faktor internal maupun eksternal secara efektif.      internal and external factors.


      Penerapan Sistem Manajemen Risiko                                 Implementation of the Risk Management
                                                                        System

      Perseroan bersama Entitas Anak menerapkan sistem manajemen        The Company, together with its Subsidiaries, implements a risk
      risiko yang mengacu pada standar internasional ISO 31000:2018.    management system that refers to the international standard
      Sistem ini menekankan pemetaan risiko secara menyeluruh           ISO 31000:2018. This system emphasizes comprehensive risk
      sekaligus pengembangan strategi mitigasi yang tepat sasaran.      mapping and the development of targeted mitigation strategies.
      Melalui penerapan ini, Perseroan berupaya memastikan bahwa        Through the system implementation, the Company strives to
      seluruh tujuan strategis dan operasional dapat tercapai dengan    ensure that all strategic and operational objectives are more
      lebih terukur, sekaligus memberikan jaminan kepada pemangku       measured, while providing assurance to stakeholders that
      kepentingan bahwa risiko-risiko signifikan telah ditangani        significant risks are effectively managed. Over time, additional
      secara efektif. Seiring berjalannya waktu, langkah-langkah        control measures and mitigation plans have been continuously
      pengendalian tambahan dan rencana mitigasi terus diperbarui       updated to adapt to emerging risks.
      untuk menyesuaikan dengan risiko baru yang muncul.


      Sejak tahun 2015, Perseroan telah mengimplementasikan             Since 2015, the Company has implemented risk management
      manajemen risiko sebagai bagian dari komitmen manajemen           as part of the management’s commitment to GCG principles,
      dalam penerapan prinsip GCG, yang diintegrasikan dengan           integrated with business processes and other management
      proses bisnis dan sistem manajemen lainnya di seluruh lini        systems across all business lines.
      bisnis.

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Pada tahun 2025, strategi dan pendekatan pengelolaan risiko                In 2025, the risk management strategy and approach remained
tetap konsisten dengan tahun sebelumnya, dengan penekanan                  consistent with those of the previous year, emphasizing on the
pada penguatan pelaksanaan manajemen risiko terintegrasi.                  strengthening of integrated risk management. While there were
Tidak terdapat perubahan mendasar, namun terdapat penekanan                no fundamental changes, there was an emphasis on improving
pada peningkatan kualitas dan efektivitas proses. Pendekatan ini           the quality and effectiveness of the process. This approach is
dipandang semakin penting untuk:                                           somehow increasingly important to:
1. meningkatkan kepastian pencapaian sasaran strategis                     1. increase the certainty of the Company’s strategic objective
    Perseroan melalui pengelolaan risiko yang proaktif dan                     achievement through proactive and structured risk
    terstruktur.                                                               management.
2. mengidentifikasi serta memitigasi risiko secara holistik di             2. identify and mitigate risks holistically across all business
    seluruh unit bisnis dan proses operasional.                                units and operational processes.
3. menyempurnakan metode dan proses pengambilan                            3. refine decision-making methods and processes to be more
    keputusan agar lebih sistematis, berbasis data, dan                        systematic, data-driven, and risk-oriented.
    berorientasi pada risiko.
4. melakukan penilaian risiko yang melekat pada setiap                     4. conduct assessment of inherent risks across activities and
    aktivitas dan unit bisnis guna memastikan pengendalian                    business units to ensure adequate control.
    yang memadai.
5. meningkatkan ketahanan (resiliensi) Perseroan dalam                     5. enhance the Company’s resilience in facing external
    menghadapi dinamika eksternal, disrupsi teknologi, serta                  dynamics, technological disruption, and unforeseen potential
    potensi gangguan yang tidak terduga.                                      disturbances.


Pendekatan ini mendukung terciptanya budaya sadar risiko (risk             This approach supports the development of risk awareness
awareness) di seluruh tingkatan organisasi, sehingga manajemen             culture at all levels of the organization, ensuring that risk
risiko tidak hanya menjadi fungsi pendukung, tetapi juga bagian            management is not just a support function but an integral part
integral dari proses bisnis dan pengambilan keputusan strategis.           of business processes and strategic decision-making. The
Perbedaan dengan tahun sebelumnya terletak pada penguatan                  differences from the previous year lie in the reinforcement of the
beberapa aspek berikut:                                                    following aspects:
› integrasi dengan ISO 27001 (Keamanan Informasi) melalui                  › integration with ISO 27001 (Information Security) by adding
    penambahan framework pengelolaan risiko aset informasi                     an information asset risk management framework based on
    berbasis ISO 27005.                                                        ISO 27005.
› integrasi dengan ISO 22301 dalam rangka Business Continuity              › integration with ISO 22301 for the Business Continuity
    Management System (BCMS) Redesign untuk meningkatkan                       Management System (BCMS) Redesign to enhance
    ketahanan operasional.                                                     operational resilience.
› integrasi dengan Audit Management System guna mendukung                  › integration with the Audit Management System to support a
    penerapan Risk-Based Audit secara lebih efektif.                           more effective implementation of Risk-Based Audit.
› penambahan fokus pada emerging risks, termasuk risiko siber,             › additional focus on emerging risks, including cyber risks,
    risiko keberlanjutan terkait perubahan iklim (climate change               climate change-related sustainability risks, and catastrophic
    risk), serta catastrophic risks yang berpotensi mengganggu                 risks which potentially affect the business continuity.
    kelangsungan bisnis.


Struktur Pengelolaan Risiko                                                Risk Management Structure

Perseroan memastikan struktur tata kelola risiko yang memadai              The Company ensures an adequate risk governance structure
agar penerapan manajemen risiko terintegrasi berjalan efektif.             to facilitate an effective implementation of integrated risk
Ruang lingkup struktur ini mencakup seluruh jenjang organisasi             management. The scope of this structure encompasses all
dan menetapkan akuntabilitas yang jelas bagi setiap pihak                  organizational levels and establishes clear accountability for
terkait. Untuk mendukung hal tersebut, Perseroan membagi                   every party involved. Accordingly, the Company divides risk
area pengelolaan risiko ke dalam empat tingkatan utama, yaitu:             management areas into four main levels: (i) risk management at
(i) pengelolaan risiko di tingkat Korporat (Holding); (ii) pengelolaan     the Corporate level (Holding); (ii) risk management at the Head
risiko di tingkat Head Office (HO) dan Entitas Anak/Operating              Office (HO) and Subsidiary/Operating Company (OpsCo) level;
Company (OpsCo); (iii) pengelolaan risiko di tingkat Divisi; dan           (iii) risk management at the Division level; and (iv) risk
(iv) pengelolaan risiko di tingkat Departemen, sebagaimana                 management at the Department level, as illustrated in the
ditunjukkan pada gambar berikut:                                           following diagram:




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                                                      Alur Pengelolaan Risiko Grup MPM
                                                      MPM Group Risk Management Area

                                                                         Group                 Pengelolaan Risiko di Tingkat Korporat (Holding)
             Pengelolaan Risiko di Tingkat Grup/HO
                                                                        HO BOD                 Risk Management at the Corporate Level (Holding)
            Risk Management at the Group/HO Level


          Kaskade/Cascade               Agregasi/Aggregation
      (Penguraian ke bawah/             (Pengelompokkan ke
                Breakdown)              atas/Grouping upwards)       OpsCo BOD                    Pengelolaan Risiko di Tingkat HO & OpsCo
                                                                   HO Division Head               Risk Management at the HO & OpsCo Level

       Pengelolaan Risiko di Tingkat Manajemen Senior
      Risk Management at the Senior Management Level

                                                                 HO Department Head                  Pengelolaan Risiko di Tingkat Divisi
          Kaskade/Cascade               Agregasi/Aggregation     OpsCo Division Head                Risk Management at the Division Level
      (Penguraian ke bawah/             (Pengelompokkan ke
                Breakdown)              atas/Grouping upwards)




      Pengelolaan Risiko di Tingkat Operasional OpsCo
      Risk Management at the OpsCo Operational Level                  OpsCo Line                  Pengelolaan Risiko di Tingkat Departemen
                                                                       Manager                    Risk Management at the Department Level



      Gambar di atas menunjukkan bahwa setiap sasaran pengelolaan            The diagram above illustrates that every risk management
      risiko pada tingkat Korporat/Direktorat (Holding) harus dijabarkan     objective at the Corporate/Directorate (Holding) level must be
      (cascading) menjadi sasaran unit kerja di Kantor Pusat hingga          cascaded down into the work unit objectives at the Head Office
      ke unit kerja (Departemen) di Kantor Entitas Anak. Sebaliknya,         and further to the work units (Departments) within the Subsidiary
      informasi risiko dari unit kerja di OpsCo maupun Kantor Pusat          (OpsCo) offices. On the other hand, risk information from work
      harus diagregasikan (aggregating) menjadi informasi risiko pada        units at both OpsCo and the Head Office must be aggregated
      tingkat Korporat/Direktorat (Holding). Dalam rangka mendukung          into risk information at the Corporate/Directorate (Holding) level.
      proses tersebut, setiap karyawan wajib mengidentifikasi dan            In order to support this process, every employee is required to
      mengendalikan risiko yang dapat menghambat pencapaian                  identify and control risks that could hinder the achievement of
      sasaran kerja (job objectives) yang menjadi tanggung jawabnya.         the job objectives under their responsibility.


      Jenis Risiko dan Upaya Mitigasi                                        Risk Types and Mitigation Efforts

      Perseroan secara rutin mengembangkan kontrol tambahan dan              The Company routinely develops additional controls and
      rencana mitigasi untuk menghadapi risiko baru yang muncul.             mitigation plans to address emerging risks. Identified risks
      Risiko yang telah diidentifikasi dipantau secara berkala, dan          are monitored periodically, and the effectiveness of mitigation
      langkah-langkah mitigasi dievaluasi efektivitasnya. Sistem             measures is evaluated. This system also enables the Company to
      ini juga memungkinkan Perseroan menyesuaikan praktik                   adjust its risk management practices in alignment with regulatory
      manajemen risiko seiring perubahan regulasi, dinamika pasar,           changes, market dynamics, and operational conditions, including
      dan kondisi operasional, termasuk untuk risiko yang sebelumnya         for risks that were previously unidentified.
      belum teridentifikasi.


                                                                   Risiko Keuangan
                                                                    Financial Risk

      Indikasi Risiko                                                        Risk Indication

      Adanya gejolak berbagai variabel makroekonomi dapat                    Fluctuations in various macroeconomics variables may lead
      menyebabkan fluktuasi terhadap pencapaian target keuangan              to volatility in the Company’s achievement of financial target.
      Perseroan. Risiko keuangan Perseroan mencakup risiko kredit,           The Company’s financial risks include credit risk, liquidity
      risiko likuiditas, risiko suku bunga, risiko terkait aset dan          risk, interest rate risk, asset-liability risk, market risk, foreign
      liabilitas, risiko pasar, risiko nilai tukar mata uang, serta risiko   exchange risk, as well as risks associated with price fluctuations
      fluktuasi harga bahan baku maupun barang jadi.                         in raw materials and finished goods.




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                                                         Risiko Keuangan
                                                          Financial Risk

Mitigasi Risiko                                                      Risk Mitigation

›   Meminimalkan risiko kredit atas piutang usaha dengan             ›   Minimize credit risk on trade receivables by implementing a
    menerapkan kebijakan pemberian kredit berdasarkan prinsip            prudent credit policy, maintaining continuous oversight of the
    kehati-hatian, melakukan pengawasan portofolio kredit                credit portfolio, and managing the collection of receivables
    secara berkesinambungan, serta mengelola penagihan                   installments effectively.
    angsuran piutang secara efektif.
›   Untuk mengatasi risiko akibat perubahan suku bunga, Grup         ›   To address the risk arising from changes in interest rates, the
    MPM menerapkan kebijakan penyesuaian profil suku bunga               MPM Group implements policies to adjust the interest rate
    dan jangka waktu aset serta liabilitas keuangan, disertai            profiles and maturity of financial assets and liabilities, a long
    dengan pelaksanaan aktivitas lindung nilai.                          with conducting hedging activities.
›   Mengelola kas dengan menerapkan prinsip kehati-hatian            ›   Manage cash prudently by strictly overseeing cash flows,
    melalui pengawasan ketat terhadap arus kas, pemantauan               monitoring domestic and global economic conditions, and
    kondisi perekonomian domestik maupun global, serta                   ensuring the adequacy of finished goods inventory.
    memastikan kecukupan persediaan barang jadi.
›   Melakukan efisiensi biaya operasional dan belanja modal,         ›   Pursue efficiency in operational costs and capital
    menjaga free cash flow, serta memastikan ketersediaan                expenditures, as well as maintaining free cash flow and
    fasilitas standby loans apabila diperlukan.                          ensuring the availability of standby loan facilities when
                                                                         necessary.


                                             Risiko Kepatuhan, Hukum, dan Tata Kelola
                                              Compliance, Legal and Governance Risk

Indikasi Risiko                                                      Risk Indication

Kegagalan dalam menyelesaikan permasalahan hukum serta               Failure to resolve legal issues, as well as the Company’s non-
ketidakpatuhan Perseroan terhadap kebijakan, prosedur, dan           compliance with policies, procedures, and applicable laws and
peraturan perundang-undangan yang berlaku.                           regulations.

Mitigasi Risiko                                                      Risk Mitigation

›   Mengawasi penyusunan dokumen-dokumen hukum dan                   ›   Supervising the preparation of legal documents and resolving
    menyelesaikan permasalahan hukum melalui musyawarah                  legal issues by means of deliberation for consensus.
    untuk mencapai mufakat.
›   Melakukan pemantauan perizinan secara berkala dan                ›   Periodically monitoring licensing and other obligations
    kewajiban lainnya yang ditetapkan oleh peraturan perundang-          required by laws and regulations, as well as maintaining GCG
    undangan, serta mempertahankan penerapan praktik GCG.                implementation practices.
›   Mengikuti perkembangan peraturan perundang-undangan              ›   Staying up to date with applicable laws and regulations,
    yang berlaku, terutama yang berkaitan dengan pelaksanaan             especially those related to the implementation of the
    kegiatan usaha Perseroan.                                            Company’s business activities.
›   Melakukan uji kepatuhan (compliance test) secara berkala         ›   Conducting periodic compliance test to ensure alignment
    yang sesuai dengan berbagai ketentuan yang ditetapkan oleh           with the various requirements established by regulatory.
    regulator.
›   Melakukan evaluasi kepatuhan dengan selalu menjalankan           ›   Conducting compliance evaluation by always implementing
    rekomendasi yang diberikan OJK terkait implementasi GCG di           the recommendations provided by OJK regarding GCG
    lingkungan Perseroan.                                                implementation in the Company.



                                                        Risiko Operasional
                                                         Operational Risk

Indikasi Risiko                                                      Risk Indication

Potensi penyimpangan dari hasil yang diharapkan akibat tidak         Potential deviations from expected outcomes due to the failure
berfungsinya sistem, sumber daya manusia, teknologi atau             of a system, human resources, technology, or other operational
faktor operasional lainnya. Risiko operasional bisa terjadi pada     factors. Operational risk can occur at two levels, which are
dua tingkatan yaitu teknis dan organisasi.                           technical and organizational.
1. Tingkat Teknis                                                    1. Technical Aspect
    Risiko muncul apabila terdapat sistem informasi yang tidak           Risks arises from inadequate information systems,
    memadai, kesalahan pencatatan, serta pengukuran risiko               recording errors, as well as inaccurate or insufficient risk
    yang tidak akurat atau tidak memadai.                                measurements.
2. Tingkat Organisasi                                                2. Organizational Aspect
    Risiko timbul karena sistem pemantauan dan pelaporan                 Risk arises when monitoring systems, reporting procedures,
    prosedur, serta kebijakan tidak berjalan sebagaimana                 and policies fail to function as intended.
    mestinya.




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              Introduction         Performance Highlights        Management Report            Company Profile            Business Support Overview




                                                                Risiko Operasional
                                                                 Operational Risk

      Mitigasi Risiko                                                       Risk Mitigation

      ›   Menerapkan Operational Excellence dalam setiap tahapan            ›   Implementing Operational Excellence in all process.
          proses.
      ›   Menyediakan program asuransi yang memadai untuk seluruh           ›   Ensuring adequate insurance coverage for all of the
          aset Perseroan.                                                       Company’s assets.
      ›   Mengimplementasikan BCMS berbasis ISO 22301:2019                  ›   Implementing a BCMS based on ISO 22301:2019 to ensure
          untuk menjamin keberlangsungan layanan kepada pelanggan               service continuity for customers during disruptions caused
          saat terjadi gangguan, baik yang disebabkan oleh faktor               by both natural and non-natural factors. This implementation
          alam maupun non-alam. Implementasi ini mencakup                       encompasses the establishment of policies and Standard
          penetapan kebijakan, Standar Operasional Prosedur (SOP),              Operating Procedures (SOPs), the formation of an Emergency
          pembentukan Emergency Respons Team (ERT), serta                       Response Team (ERT), and the execution of risk assessments
          pelaksanaan kajian berupa risk assessment dan Business                and Business Impact Analyses (BIA). It is further
          Impact Analysis (BIA), yang dilengkapi dengan penyusunan              complemented by the development of Business Continuity
          rencana kesinambungan bisnis (Business Continuity Plan/               Plans (BCP) and Disaster Recovery Plans (DRP), conducting
          BCP), rencana pemulihan bencana (Disaster Recovery Plan/              regular training and simulations, as well as monitoring
          DRP), pelaksanaan pelatihan dan simulasi secara berkala,              and evaluation activities to ensure the effectiveness and
          serta kegiatan monitoring dan evaluasi untuk memastikan               sustainability of the BCMS implementation across all
          efektivitas dan keberlanjutan penerapan BCMS di seluruh               business units.
          unit kerja.


                                                            Risiko Strategis dan Bisnis
                                                            Strategic and Business Risk

      Indikasi Risiko                                                       Risk Indication

      Potensi ketidaksesuaian antara strategi yang diterapkan dengan        Potential misalignment between the implemented strategy with
      dinamika persaingan bisnis, yang dapat menimbulkan dampak             business competitive dynamics, which may results in negative
      negatif terhadap kinerja dan keberlangsungan Perseroan.               impacts on the Company’s performance and business continuity.

      Mitigasi Risiko                                                       Risk Mitigation

      ›   Menetapkan strategi bisnis secara cermat melalui proses           ›   Carefully formulating business strategies through a rigorous
          perencanaan yang ketat, serta berupaya menjadi pemain                 planning process, while striving to become a leading player by
          unggul dengan memberikan pelayanan terbaik.                           providing excellence service.
      ›   Melakukan monitoring dan evaluasi secara berkala untuk            ›   Conducting regular monitoring and evaluation to ensure
          memastikan pencapaian target sesuai strategi yang telah               the achievement of targets in alignment with established
          ditetapkan.                                                           strategies.


                                                            Risiko Sumber Daya Manusia
                                                               Human Resources Risk

      Indikasi Risiko                                                       Risk Indication

      Potensi kekurangan jumlah sumber daya manusia yang dimiliki           Potential shortages in the Company’s human resources, both in
      Perseroan, baik dari sisi kompetensi maupun risiko kehilangan         terms of competency levels and the risk of losing key personnel,
      personel kunci, serta pengembangan sumber daya manusia                as well as inadequate human resources development.
      yang tidak memadai.

      Mitigasi Risiko                                                       Risk Mitigation

      ›   Memiliki program rekrutmen karyawan baru secara                   ›   Maintaining a continuous recruitment program through
          berkesinambungan melalui berbagai inisiatif, seperti program          various initiatives, such as management trainee programs,
          management trainee, knowledge sharing, program retensi bagi           knowledge sharing, retention programs for high performing
          karyawan berprestasi, pencarian talenta internal, pembaruan           employees, internal talent sourcing, the renewal and
          dan sosialisasi nilai-nilai MPM, serta pelaksanaan evaluasi           socialization of MPM values, and performance evaluation.
          kinerja.
      ›   Menerapkan kebijakan succession plan untuk memastikan             ›   Implementing a succession plan policy to ensure that every
          setiap personel kunci memiliki calon pengganti ataupun                key person has a competent successor or alternative within
          alternatif yang kompeten di internal organisasi.                      the internal organization.




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                                                          Risiko Reputasi
                                                          Reputation Risk

Indikasi Risiko                                                      Risk Indication

Potensi terganggunya kelangsungan bisnis Perseroan akibat            Potential disruption to the Company’s business continuity due
suatu perbuatan, tindakan, atau kejadian yang dapat merusak          to acts, actions, or events that could damage its image and
citra dan kepercayaan pemangku kepentingan.                          stakeholder trust.

Mitigasi Risiko                                                      Risk Mitigation

›   Memantau dan menjaga citra Perseroan di mata publik              ›   Monitoring and maintaining the Company’s public image by
    dengan memastikan seluruh karyawan bekerja secara                    ensuring all employees act professionally and prioritize the
    profesional dan mengedepankan prinsip integritas.                    principle of integrity.
›   Melakukan sosialisasi nilai-nilai Perseroan dan Pedoman          ›   Conducting socialization of the Company's values and Code
    Perilaku yang wajib dipatuhi oleh seluruh karyawan                   of Conduct that must be adhered to by all employees of the
    Perseroan.                                                           Company.

                                                Risiko Keamanan Data dan Informasi
                                                 Data and Information Security Risk

Indikasi Risiko                                                      Risk Indication

Potensi ketidakmampuan Perseroan dalam menjaga keamanan              Potential ability of the Company to maintain data and information
data dan informasi, sehingga tidak tercapainya 3 (tiga) sasaran      security, resulting in the failure to achieve 3 (three) primary
utama keamanan yaitu:                                                security objectives:
1. kerahasiaan data/informasi;                                       1. data/information confidentiality;
2. keutuhan dan kelengkapan data/informasi; dan                      2. data/information integrity and completeness; and
3. ketersediaan data/informasi.                                      3. data/information availability.
Kegagalan dalam memenuhi sasaran tersebut berpotensi                 Failure to meet these objectives may lead to information security
menimbulkan insiden keamanan informasi.                              incident.

Mitigasi Risiko                                                      Risk Mitigation

›   Melindungi kerahasiaan data/informasi serta mengendalikan        ›   Protecting the confidentiality of data and information while
    risiko keamanan informasi melalui perbaikan dan peningkatan          controlling information security risks through continuous
    berkelanjutan, dengan fokus pada tiga pilar utama: People,           improvement and enhancement, focusing on the three
    Process, dan Technology.                                             primary pillars: People, Process and Technology.
›   Pilar People berfokus pada peningkatan kompetensi sumber         ›   The People pillar focuses on enhancing human resources
    daya manusia melalui sosialisasi, edukasi, survei, serta             competency through regular socialization, education, survey,
    penilaian keamanan informasi secara berkala bagi seluruh             as well as information security assessment for all employees.
    karyawan.
›   Pilar Process berfokus pada pengembangan dan implementasi        ›   The Process pillar focuses on development and
    kebijakan serta prosedur keamanan informasi, termasuk                implementation of information security policies and
    identifikasi dan mitigasi risiko terkait data/informasi.             procedures, including the identification and mitigation of risk
                                                                         related to data/information.
›   Pilar Technology berfokus pada optimalisasi pemanfaatan          ›   The Technology pillar focuses on optimizing the use of the
    teknologi informasi terkini untuk mendukung tercapainya              latest information technology to support achievement of
    tiga sasaran utama keamanan data/informasi: kerahasiaan,             the three primary data security objectives: confidentiality,
    keutuhan, dan ketersediaan.                                          integrity and availability.


                                              Risiko Lingkungan, Sosial dan Tata Kelola
                                             Environmental, Social and Governance Risk

Indikasi Risiko                                                      Risk Indication

Potensi ketidakmampuan Perseroan dalam mengelola                     The potential inability of the Company to manage sustainable ESG
dampak ESG yang berkelanjutan, yang dapat menyebabkan                impacts, which lead to regulatory non-compliance, operational
ketidakpatuhan regulasi, gangguan operasional, kerugian              disruptions, financial losses and a decline in stakeholder trust.
finansial dan penurunan kepercayaan pemangku kepentingan.

Mitigasi Risiko                                                      Risk Mitigation

›   Penyusunan dan implementasi roadmap ESG terintegrasi             ›   The formulation and implementation of an integrated ESG
    melalui penguatan penerapan GCG, peningkatan kepatuhan               roadmap through the strengthening of GCG practices,
    terhadap seluruh peraturan yang berlaku, serta pengelolaan           enhanced compliance with all applicable regulations, and the
    risiko lingkungan dan sosial secara sistematis dan                   systematic and sustainable management of environmental
    berkelanjutan.                                                       and social risks.
›   Pemantauan dan evaluasi kinerja ESG secara berkala               ›   Periodic monitoring and evaluation of ESG performance to
    untuk memastikan efektivitas pengendalian, kepatuhan                 ensure the effectiveness of controls, ongoing compliance, and
    berkelanjutan, serta perbaikan berkesinambungan sesuai               continuous improvement in alignment with the Company’s
    dengan strategi dan tujuan Perseroan.                                strategy and objectives.



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              Introduction         Performance Highlights         Management Report            Company Profile          Business Support Overview




                                                                Risiko Pihak Ketiga
                                                                 Third Party Risk

      Indikasi Risiko                                                       Risk Indication

      Potensi ketidakmampuan Perseroan dalam memperluas                     The potential inability of the Company to expand or maintain
      atau menjaga hubungan baik dengan pihak ketiga, termasuk              positive relationships with third parties including vendors,
      vendor, kontraktor, pemasok, dan mitra strategis lainnya, untuk       contractors, suppliers, and other strategic partners to ensure
      memastikan bahwa perilaku dan praktik mereka selaras dengan           that their conduct and practices align with the values and ethical
      nilai serta budaya etis Grup MPM.                                     culture of the MPM Group.

      Mitigasi Risiko                                                       Risk Mitigation

      Menjaga hubungan baik dengan pihak ketiga melalui kerja               Maintaining positive relationships with third parties through
      sama yang saling menguntungkan, dengan memastikan seluruh             mutually beneficial cooperation, while ensuring that all conduct
      perilaku dan praktik sesuai dengan nilai serta budaya etis            and practices align with the Company’s values and ethical
      Perseroan, serta mematuhi ketentuan perundang-undangan                culture, as well as comply with applicable regulations.
      yang berlaku.



                                                      Risiko Kesehatan dan Keselamatan Kerja
                                                         Occupation Health and Safety Risk

      Indikasi Risiko                                                       Risk Indication

      Potensi ketidakmampuan Perseroan dalam membangun dan                  The potential inability of the Company to develop and implement
      menerapkan sistem yang efektif untuk mencegah terjadinya              effective systems for preventing workplace accidents and
      kecelakaan kerja serta menciptakan lingkungan kerja yang              creating a healthy, safe, and comfortable work environment for
      sehat, aman, dan nyaman bagi seluruh karyawan.                        all employees.

      Mitigasi Risiko                                                       Risk Mitigation

      ›   Menciptakan lingkungan kerja yang sehat, aman, dan nyaman         ›   Creating a healthy, safe and comfortable work environment by
          dengan menyediakan ruang kerja, ruang rapat, serta fasilitas          providing workspaces, meeting rooms and other supporting
          pendukung lainnya yang memperhatikan aspek kebersihan,                facilities that prioritize cleanliness, comfort and security.
          kenyamanan, dan keamanan.
      ›   Membentuk Tim Tanggap Darurat dengan kapabilitas                  ›   Establishing an Emergency Response Team with adequate
          yang memadai untuk menghadapi bencana dan gangguan                    capabilities to address disasters and security disruptions,
          keamanan, menyediakan obat-obatan, menetapkan kebijakan               providing medical supplies, defining emergency response
          dan prosedur tanggap darurat sesuai standar BCMS ISO                  policies and procedures in accordance with ISO 22301:2019
          22301:2019, serta menjalankan protokol kesehatan sesuai               BCMS standards, as well as implementing health protocols as
          ketentuan pemerintah.                                                 per government regulations.


                                                        Risiko Gangguan Kelangsungan Usaha
                                                               Business Disruption Risk

      Indikasi Risiko                                                       Risk Indication

      Potensi risiko yang timbul akibat ketidakmampuan Perseroan            The potential risk arising from the Company’s inability to execute
      dalam melaksanakan prosedur tanggap darurat saat terjadi              emergency response procedures during disruption caused by
      gangguan, baik yang disebabkan oleh faktor alam maupun non-           both natural and non-natural factors, resulting in the Company's
      alam, sehingga berdampak pada ketidakmampuan Perseroan                inability to maintain business continuity and provide optimal
      untuk menjaga keberlangsungan bisnis dan memberikan                   service to its customers.
      layanan terbaik kepada pelanggan.

      Mitigasi Risiko                                                       Risk Mitigation

      ›   Implementasi BCMS berbasis ISO22301:2019 di Perseroan             ›   Implementing BCMS based on ISO 22301:2019 in the
          dan Entitas Anak;                                                     Company and its Subsidiaries;
      ›   Melaksanakan latihan tanggap darurat secara rutin sesuai          ›   Conducting regular emergency response drills in accordance
          kebijakan yang tercantum dalam Emergency Response                     with the policies outlined in the Emergency Response Plan
          Plan (ERP), dengan melibatkan seluruh karyawan untuk                  (ERP), involving all employees to enhance awareness and
          meningkatkan kesadaran dan kesiapan menghadapi bencana.               disaster preparedness.




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                                                                Risiko Perubahan Iklim
                                                                 Climate Change Risk

    Indikasi Risiko                                                           Risk Indication

    Risiko yang timbul akibat dampak fisik perubahan iklim serta              Risks arising from the physical impacts of climate change and the
    proses transisi menuju ekonomi rendah karbon, yang mencakup               transition toward a low carbon economy, encompassing acute
    risiko fisik akut dan kronis, risiko regulasi dan kebijakan, teknologi,   and chronic physical risks, regulatory and policy, technological,
    pasar, reputasi, hukum dan litigasi, keuangan, strategis, serta           market, reputational, legal and litigation, financial, strategic,
    operasional, yang secara keseluruhan berpotensi memengaruhi               as well as operational risks all of which have the potential to
    keberlangsungan usaha, kinerja keuangan, aset, dan daya saing             impact business continuity, financial performance, assets, and
    perusahaan dalam jangka pendek maupun jangka panjang.                     corporate competitiveness in both the short and long term.

    Mitigasi Risiko                                                           Risk Mitigation

    ›   Perseroan mengintegrasikan risiko dan peluang perubahan               ›    The Company integrates climate change risks and
        iklim ke dalam kerangka manajemen risiko dan proses                        opportunities into its risk management framework
        pengambilan keputusan guna mendukung keberlanjutan                         and decision-making processes to support business
        usaha.                                                                     sustainability.
    ›   Perseroan melakukan penilaian risiko fisik dan risiko transisi        ›    The Company conducts assessments of physical and
        perubahan iklim serta mengintegrasikan hasilnya ke dalam                   transition climate risks and integrates the findings into its
        strategi, perencanaan bisnis, dan keputusan investasi.                     strategy, business planning, and investment decisions.
    ›   Perseroan memperkuat kompetensi sumber daya manusia                   ›    The Company strengthens human resource competencies,
        serta keandalan sistem dan kualitas data guna mendukung                    system reliability, and data quality to support the sustainable
        implementasi IFRS S1 dan IFRS S2 secara berkelanjutan.                     implementation of IFRS S1 and IFRS S2.


Risiko-risiko yang dihadapi Perseroan terus dipantau dan                       The risks faced by the Company are continuously monitored and
dievaluasi secara berkelanjutan, dengan mempertimbangkan                       evaluated, taking into account changes in business activities and
perubahan dalam kegiatan usaha serta ketentuan peraturan yang                  applicable regulatory requirements. This process also includes
berlaku. Proses ini juga mencakup identifikasi dan pemetaan                    the identification and mapping of unforeseen potential risks.
risiko-risiko potensial yang sebelumnya belum terdeteksi.


Evaluasi Efektivitas Sistem Manajemen Risiko                                   Evaluation         of    Risk      Management            System
                                                                               Effective

Evaluasi pengelolaan risiko Perseroan dilaksanakan secara                      The evaluation of the Company’s risk management is conducted
berkala, terstruktur, berkelanjutan, dan terintegrasi melalui                  on periodical basis, in a structured and continuous manner, and
penerapan Enterprise Risk Management (ERM) yang selaras                        is integrated through the implementation of Enterprise Risk
dengan strategi bisnis dan prinsip GCG. Evaluasi mencakup                      Management (ERM) aligned well with business strategies and
proses identifikasi, analisis, pemantauan, dan pelaporan risiko                GCG principles. The evaluation encompasses the processes of
pada seluruh aktivitas bisnis dan fungsi pendukung. Mekanisme                  risk identification, analysis, monitoring, and reporting across all
evaluasi pengelolaan risiko meliputi:                                          business activities and support functions. The risk management
                                                                               evaluation mechanisms include:
›       Kerangka Manajemen Risiko                                              › Risk Management Framework
        Perseroan menerapkan kerangka manajemen risiko yang                        The Company implements a risk management framework that
        mengacu pada ISO 31000:2018 dalam proses identifikasi,                     refers to ISO 31000:2018 throughout its risk identification,
        penilaian, pemantauan, dan pengendalian risiko. Kerangka                   assessment, monitoring, and control processes. This
        ini dituangkan dalam kebijakan, pedoman, dan Standard                      framework is outlined in risk management policies, guidelines,
        Operating Procedures (SOP) manajemen risiko yang menjadi                   and Standard Operating Procedures (SOPs) which serve as
        acuan pelaksanaan di seluruh unit kerja. Kebijakan dan                     the working reference across all units. These policies and
        pedoman tersebut ditinjau serta disempurnakan secara                       guidelines are reviewed and refined periodically to ensure
        berkala agar tetap selaras dengan kerangka manajemen                       they remain aligned with the corporate risk management
        risiko perusahaan, perkembangan regulasi, dinamika bisnis,                 framework, regulatory developments, business dynamics, and
        dan praktik terbaik (best practices), sehingga mendukung                   best practices, thereby supporting effective, consistent, and
        penerapan manajemen risiko yang efektif, konsisten, dan                    integrated risk management across all organizational lines.
        terintegrasi di seluruh lini organisasi.


›       Penilaian Risiko (Risk Assessment)                                     ›   Risk Assessment
        Penilaian risiko dilakukan secara periodik untuk menyesuaikan              Risk Assessments are conducted periodically to adjust all
        seluruh risiko dengan perubahan sasaran, kondisi internal                  risks in response to changes in objectives and internal or
        maupun eksternal, serta memastikan tingkat risiko berada                   external conditions, while ensuring that risk levels remain
        dalam batas toleransi yang telah ditetapkan. Proses ini                    within the established risk tolerance limits. This process also
        juga memastikan pengendalian risiko berjalan efektif dan                   ensures that risk controls operate effectively and sustainably.
        berkelanjutan.

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              Introduction         Performance Highlights       Management Report           Company Profile            Business Support Overview




      ›   Monitoring dan Pelaporan                                        ›   Monitoring and Reporting
          Risiko dipantau dan dilaporkan secara berkala kepada Tim            Risks are monitored and reported periodically to the Risk
          Manajemen Risiko dan Komite GCG untuk memastikan                    Management Team and the GCG Committee to ensure control
          efektivitas pengendalian, mendukung pengambilan keputusan           effectiveness, support accurate decision-making, and provide
          yang tepat, serta memberikan tindak lanjut perbaikan sesuai         corrective follow-up actions in accordance with the risk levels
          tingkat risiko dan kebijakan Perseroan.                             and the Company’s policies.


      ›   Review dan Perbaikan Berkelanjutan                              ›   Review and Continuous Improvements
          Hasil evaluasi digunakan untuk memperbarui kebijakan,               Evaluation results are used to update policies, procedures,
          prosedur, dan rencana mitigasi agar selaras dengan                  and mitigation plans to align with the changing business
          perubahan lingkungan bisnis dan regulasi. Langkah ini               environment and regulations. Such measure aims to enhance
          bertujuan meningkatkan efektivitas pengendalian risiko,             risk control effectiveness, strengthen corporate governance,
          memperkuat tata kelola perusahaan, serta mendukung                  and support the achievement of strategic objectives and
          pencapaian tujuan strategis dan keberlanjutan usaha.                business sustainability.


      Upaya Peningkatan Pengelolaan Risiko                                Risk Management Improvement Efforts

      Grup MPM melakukan sejumlah upaya untuk mengelola risiko            MPM Group has undertaken several initiatives to manage the
      usaha yang melekat pada kegiatan usaha dan meningkatkan             inherent business risks within its operations and to enhance a
      budaya risiko. Beberapa hal yang telah dilaksanakan pada cycle      risk-aware culture. Key activities implemented during cycle 12
      12 2024/2025:                                                       (2024/2025) included:
      a. Sosialisasi Manajemen Risiko                                     a. Risk Management Socialization
          Sosialisasi manajemen risiko dilaksanakan secara rutin              Risk management socialization was conducted regularly
          melalui penyampaian materi refreshment training yang                through refreshment training materials for risk officers and
          ditujukan kepada risk officer dan risk owner di seluruh             risk owners across the Company. Additionally, socialization
          Perseroan. Sosialisasi ini juga dilakukan dalam bentuk self         was provided in the form of self e-learning through the
          e-learning melalui Learning Management System (LMS)                 Learning Management System (LMS), concerning Enterprise
          mengenai Enterprise Risk Management dan Internal Control            Risk Management and Internal Control for all employees.
          yang ditujukan untuk seluruh karyawan di Perseroan.                 Moving forward, this e-learning will apply for all employees
          Kedepannya, self e-learning ini akan diberlakukan untuk             of the subsidiaries. These activities aimed to increase
          seluruh karyawan di entitas anak. Kegiatan ini bertujuan            understanding and strengthen the risk-aware culture across
          untuk meningkatkan pemahaman serta memperkuat budaya                all divisions and departments.
          sadar risiko di setiap divisi dan departemen.
      b. Pendampingan Asesmen Risiko                                      b. Risk Assessment Assistance
          Pendampingan Asesmen Risiko (RMU) memberikan                       The Risk Management Unit (RMU) provided assistance to risk
          pendampingan kepada risk officer dan risk owner dalam              officers and risk owners during the risk assessment process
          proses asesmen risiko di masing-masing departemen                  in their respective departments using the Risk Control and
          dengan menggunakan metode Risk Control and Self-                   Self-Assessment (RCSA) method. This assistance was
          Assessment (RCSA). Pendampingan ini dilakukan baik pada            provided during both risk updates and risk monitoring/review
          saat risk update maupun saat risk monitoring/review.               sessions.
      c. Peningkatan Kompetensi dan Kapabilitas                           c. Competency and Capability Enhancement
          Untuk meningkatkan kompetensi dan kapabilitas, RMU telah           To enhance competency and capability, the RMU participated
          mengikuti beberapa pelatihan, antara lain: KPI, KRI & KCI          in several training programs, including: Integrated KPI, KRI &
          Terintegrasi, Project Risk Training, serta sejumlah webinar        KCI, Project Risk Training, and various webinars organized
          yang diselenggarakan oleh lembaga pelatihan manajemen              by risk management training institutes and State-Owned
          risiko maupun Badan Usaha Milik Negara (BUMN).                     Enterprises (SOEs).
      d. Executive Briefing                                               d. Executive Briefing
          Pada tahun 2025, Perseroan mengadakan Risk Management              In 2025, the Company held a Risk Management Executive
          Executive Briefing bersamaan dengan Kick-Off Budget yang           Briefing in conjunction with the Budget Kick-Off, attended
          dihadiri oleh Dewan Komisaris, Direksi dan Senior Leader           by the Board of Commissioners, the Board of Directors, and
          MPM. Acara ini menghadirkan pembicara eksternal untuk              MPM Senior Leaders. The event featured external speakers
          memberikan wawasan terbaru mengenai tren manajemen                 who provided the latest insights into risk management trends,
          risiko, praktik terbaik, dan strategi penguatan tata kelola.       best practices, and governance strengthening strategies.
          Kegiatan ini mempertegas komitmen manajemen terhadap               This initiative reaffirmed the management’s commitment to
          penerapan manajemen risiko terintegrasi, serta memastikan          the implementation of risk management integrated manner,
          keselarasan antara pengelolaan risiko dan perencanaan              as well as ensuring alignment between risk management and
          strategis Perseroan.                                               the Company’s strategic planning.




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         Management Discussion and Analysis                    Corporate Governance              Environmental and Social Responsibility




e. ERM Champions Program                                                       e. ERM Champions Program
   Perseroan kembali menyelenggarakan program ERM                                 The Company re-established the ERM Champions program,
   Champions yang ditujukan untuk mengukur pemahaman                              designed to measure risk officers’ understanding of
   risk officer mengenai teori manajemen risiko berbasis ISO                      risk management theory based on ISO 31000:2018. The
   31000:2018. Program ini dilaksanakan melalui pelatihan online                  program was conducted through online training, accessing
   dengan mengakses materi ERM Fundamental yang tersedia di                       ERM Fundamental materials via the LMS, followed by an
   LMS, kemudian dilanjutkan dengan ujian untuk memperoleh                        examination to achieve the highest scores. Based on the
   skor tertinggi. Dari hasil ujian, dipilih tiga risk officer dengan nilai       results, three risk officers with the highest scores from each
   tertinggi di masing-masing entitas anak Perseroan yang berhak                  subsidiary were entitled to receiving awards. In 2025, the
   menerima penghargaan. Program ERM Champions tahun 2025                         ERM Champions program was implemented simultaneously
   dilaksanakan secara serentak di seluruh Entitas Anak.                          across all Subsidiaries.
f. ERM Executive Talks                                                         f. ERM Executive Talks
   Dalam rangka meningkatkan pemahaman dan melakukan                              To enhance understanding and provide a refreshment on
   refreshment terkait manajemen risiko, RMU menyelenggarakan                     risk management, the RMU organized ERM Executive Talks,
   ERM Executive Talks, sebuah forum diskusi interaktif yang                      an interactive discussion forum led by Mr. Kemal Mawira
   dipandu oleh Bapak Kemal Mawira selaku Direktur Perseroan.                     as Director of the Company. This activity was attended by
   Kegiatan ini diikuti oleh seluruh karyawan dari masing-masing                  all employees from each Subsidiary and aimed to discuss
   Entitas Anak Perseroan dan bertujuan untuk membahas tren                       the latest trends, best practices, as well as challenges and
   terbaru, praktik terbaik, serta tantangan dan peluang dalam                    opportunities in risk management. This forum was held to
   pengelolaan risiko. Forum ini diharapkan dapat memperkuat                      strengthen the risk-aware culture and support risk-based
   budaya sadar risiko dan mendukung pengambilan keputusan                        strategic decision-making. Going forward, this agenda will
   strategis berbasis risiko. Ke depan, agenda ini akan dilanjutkan               be rolled out progressively to other Subsidiaries to establish
   secara bertahap ke Entitas Anak lainnya untuk memastikan                       a common understanding throughout the Group.
   pemahaman yang merata di seluruh grup Perseroan.
g. Climate Change Risk Assessment                                              g. Climate Change Risk Assessment
   Sebagai bagian dari komitmen Perseroan dalam mendukung                         As part of the Company’s commitment to supporting ESG
   kebijakan ESG dan penerapan IFRS S1 dan S2 serta untuk                         policies and the implementation of IFRS S1 and S2, as
   melengkapi data risk register yang telah ada, RMU bersama                      well as to complement existing risk register data, the RMU
   Corporate Communication menyelenggarakan Forum                                 together with Corporate Communication organized a Focus
   Group Discussion (FGD) yang difokuskan pada asesmen                            Group Discussion (FGD) with focus on Climate Change
   risiko perubahan iklim (Climate Change Risk Assessment).                       Risk Assessment. This activity aimed to identify, analyze,
   Kegiatan ini bertujuan untuk mengidentifikasi, menganalisis,                   and evaluate risks arising from climate change that could
   dan mengevaluasi risiko-risiko yang timbul akibat perubahan                    potentially affect the Company’s business continuity, both
   iklim yang berpotensi memengaruhi keberlangsungan bisnis                       directly and indirectly. The FGD results served as the basis for
   Perseroan, baik secara langsung maupun tidak langsung.                         updating the Company’s risk register, formulating mitigation
   Hasil FGD ini menjadi dasar untuk memperbarui risk register                    plans aligned with sustainability policies, and supporting
   Perseroan, menyusun rencana mitigasi yang selaras                              the integration of risk management with ESG strategies.
   dengan kebijakan keberlanjutan, serta mendukung integrasi                      Furthermore, this assessment strengthens the Company’s
   manajemen risiko dengan strategi ESG. Selain itu, asesmen                      readiness for global climate change challenges and ensures
   ini juga memperkuat kesiapan Perseroan dalam menghadapi                        compliance with international reporting standards.
   tantangan global terkait perubahan iklim dan memastikan
   kepatuhan terhadap standar pelaporan internasional.
h. Risk Maturity Assessment                                                    h. Risk Maturity Assessment
   Perseroan bersama seluruh entitas anak melaksanakan Risk                       The Company together with all subsidiaries conducted a Risk
   Maturity Assessment untuk mengukur tingkat kematangan                          Maturity Assessment to measure the maturity level of risk
   penerapan manajemen risiko berdasarkan prinsip ISO                             management implementation with respect to ISO 31000:2018
   31000:2018. Penilaian dilakukan melalui kuesioner berisi                       principles. The assessment was performed by circulating
   pertanyaan mencakup prinsip, kerangka kerja, dan proses                        a questionnaire involving 235 risk owners and risk officers,
   manajemen risiko, dengan melibatkan 235 risk owner dan risk                    covering principles, frameworks, and risk management
   officer. Hasil asesmen menunjukkan skor Grup MPM sebesar                       processes. The assessment results showed that MPM
   71,69% (turun 3,2% dari 2021) yang tetap berada pada                           Group scored 71.69% (a 3.2% decrease from that of 2021),
   level “Repeatable”. Temuan ini menjadi dasar penyusunan                        remaining at the “Repeatable” level. These findings serve as
   roadmap penguatan manajemen risiko, peningkatan                                the foundation for developing a roadmap to strengthen risk
   integrasi sistem, serta pengembangan kapabilitas SDM                           management, improve system integration, and develop HR
   untuk mencapai level “Managed” dan “Best Practice” di masa                     capabilities to achieve “Managed” and “Best Practice” levels
   mendatang.                                                                     in the future.




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               Pengantar           Ikhtisar Kinerja              Laporan Manajemen           Profil Perusahaan        Tinjauan Pendukung Bisnis
               Introduction        Performance Highlights        Management Report           Company Profile          Business Support Overview




      i.   Catastrophic Risk Assessment                                    i.   Catastrophic Risk Assessment
           Perseroan bersama Entitas Anak telah melaksanakan                    The Company and its Subsidiaries have conducted a
           kegiatan Catastrophic Risk Assessment secara menyeluruh              comprehensive Catastrophic Risk Assessment to identify,
           untuk mengidentifikasi, menganalisis, dan mengevaluasi               analyze, and evaluate potential risks that could generate
           potensi risiko yang dapat berdampak signifikan terhadap              significant adverse impacts on business continuity. This
           keberlangsungan bisnis. Kegiatan ini mencakup penilaian              activity included assessing various extreme risk scenarios,
           terhadap berbagai skenario risiko ekstrem, termasuk                  including natural and non-natural disasters, and formulating
           bencana alam dan non-alam, serta penyusunan rencana                  their mitigation plans. The results were used as a basis for
           mitigasinya. Hasil penilaian ini digunakan sebagai dasar             strengthening business strategy, operational readiness,
           penguatan strategi bisnis, kesiapan operasional, pengelolaan         supply chain management, and increasing awareness and
           rantai pasok, serta peningkatan kesadaran dan kapabilitas            capability in facing catastrophic risks.
           dalam menghadapi catastrophic risk Perseroan.
      j.   Pelaporan Manajemen Risiko                                      j.   Risk Management Reporting
           Sebagai bagian dari komunikasi dan konsultasi sesuai                 As part of the communication and consultation process
           kerangka kerja manajemen risiko, pelaporan dilakukan secara          according to the risk management framework, reporting was
           berkala untuk memantau progres pengelolaan risiko pada               prepared periodically to monitor risk management progress
           setiap jenjang organisasi. Mekanisme pelaporan mencakup:             at every organizational level. The reporting mechanisms
                                                                                included:
           ›   risk officer menyampaikan hasil risk update dan                  › risk Officers submitted risk update and monitoring/
               monitoring/review kepada Risk Owner.                                 review results to the Risk Owner.
           ›   risk owner melaporkan hasil asesmen risiko, proses               › risk Owners reported results of risk assessment,
               monitoring, serta capaian mitigasi di unit masing-                   monitoring process, and mitigation achievements in their
               masing kepada Tim Manajemen Risiko.                                  respective units to the Risk Management Team.
           ›   Tim Manajemen Risiko Entitas Anak menyampaikan                   › The Subsidiary Risk Management Team submitted
               laporan konsolidasi risk update, monitoring/review, dan              consolidated reports of risk updates, monitoring/review,
               mitigasi kepada Tim Manajemen Risiko Perseroan.                      and mitigation to the Company’s Risk Management
                                                                                    Team (MPM HO).
           ›   Tim Manajemen Risiko Perseroan menyampaikan                      › The Company’s Risk Management Team submitted
               laporan akhir kepada Komite GCG untuk mendapatkan                    the final report to the GCG Committee to obtain further
               arahan strategis lebih lanjut.                                       strategic directives.


           Pelaporan ini memastikan transparansi, akuntabilitas, dan            This reporting ensures transparency, accountability, and
           pengambilan keputusan berbasis risiko di seluruh tingkatan           risk-based decision-making throughout all levels of the
           organisasi.                                                          organization.


      Pernyataan Dewan Komisaris dan/atau Direksi                          Statement of the Board of Commissioners and/
      atas Kecukupan Sistem Manajemen Risiko                               or the Board of Directors on the Adequacy of
                                                                           the Risk Management System

      Setelah melakukan evaluasi menyeluruh, Dewan Komisaris dan           After conducting a comprehensive evaluation, the Board of
      Direksi menyatakan bahwa sistem manajemen risiko Perseroan           Commissioners and the Board of Directors declared that the
      telah berfungsi secara efektif dalam melindungi kepentingan          Company’s risk management system has functioned effectively
      Perseroan. Penilaian ini didasarkan pada berbagai pencapaian         in protecting the Company’s interests. This assessment took
      yang menunjukkan kemampuan sistem untuk mengelola risiko             into account various achievements demonstrating the system’s
      secara komprehensif serta menjaga ketahanan organisasi.              capability to manage risks comprehensively while maintaining
                                                                           organizational resilience.


      Sepanjang tahun, Perseroan secara konsisten melaksanakan             Throughout the year, the Company has consistently carried
      sosialisasi program manajemen risiko, meningkatkan kualitas          out socializations of risk management program, improved the
      RCSA dan memperkuat kapabilitas fungsi manajemen risiko              quality of RCSA, and strengthened the capabilities of the risk
      melalui berbagai pelatihan dan webinar terkait tata kelola.          management function through various governance-related
      Selain itu, sistem ERM yang digunakan mengalami perbaikan            training and webinars. Furthermore, the ERM system has
      berkelanjutan baik dari sisi fungsi maupun pelaporan. Integrasi      undergone continuous improvements in both function and
      manajemen risiko juga semakin kuat dengan siklus perencanaan         reporting. The integration of risk management has also become
      perusahaan, Sistem Manajemen Keamanan Informasi (SMKI)               more robust through alignment with the corporate planning
      ISO 27001:2022, BCMS ISO 22301:2019, serta MPM Audit                 cycle, the Information Security Management System (ISMS)
      Management System (MAPS).                                            ISO 27001:2022, BCMS ISO 22301:2019, and the MPM Audit
                                                                           Management System (MAPS).



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       Management Discussion and Analysis          Corporate Governance            Environmental and Social Responsibility




Perkara Penting
Significant Cases


Sepanjang tahun 2025, tidak terdapat permasalahan dan/atau         Throughout 2025, there were no legal issues and/or litigation
perkara hukum, baik perdata maupun pidana yang dihadapi            cases, whether civil or criminal, involving the Company, its
Perseroan, Entitas Anak, serta anggota Dewan Komisaris dan         Subsidiaries, or members of the Board of Commissioners and
Direksi yang bersifat material.                                    Board of Directors that were deemed material in nature.




Sanksi Administratif
Administrative Sanctions


Di sepanjang tahun 2025, tidak terdapat sanksi administratif       Throughout 2025, there were no administrative sanctions
yang dikenakan oleh otoritas baik kepada Perseroan, Dewan          imposed by authorities on the Company, the Board of
Komisaris, Direksi, dan Entitas Anak.                              Commissioners, the Board of Directors, or Subsidiaries.




                     Perseroan berupaya memastikan bahwa seluruh tujuan
                     strategis dan operasional dapat tercapai dengan
                     lebih terukur, sekaligus memberikan jaminan kepada
                     pemangku kepentingan bahwa risiko-risiko signifikan
                     telah ditangani secara efektif.

                     The Company strives to ensure that all strategic and operational objectives
                     are more measured, while providing assurance to stakeholders that
                     significant risks are effectively managed.




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              Pengantar            Ikhtisar Kinerja              Laporan Manajemen          Profil Perusahaan          Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights        Management Report          Company Profile            Business Support Overview




      Kode Etik
      Code of Ethics


      Perseroan menempatkan komitmen seluruh pemangku                      The Company places the commitment of all stakeholders,
      kepentingan, khususnya karyawan, sebagai fondasi utama               particularly employees, as the primary foundation toward its
      untuk mencapai Visi dan Misi. Sebagai bagian dari upaya ini,         Vision and Mission achievement. As part of this effort, the
      Perseroan menyusun Kode Etik yang komprehensif, yang secara          Company has been developing a comprehensive Code of Ethics,
      resmi disahkan pada Agustus 2014. Kode Etik berperan sebagai         which was officially ratified in August 2014. The Code of Ethics
      pedoman perilaku dan standar etika dalam menjalankan seluruh         serves as a behavioral guideline and ethical standards for
      kegiatan bisnis, sekaligus memastikan keselarasan dengan nilai,      conducting business activities, while ensuring their alignment
      budaya, dan tujuan strategis Perseroan.                              with the Company’s values, culture, and strategic objectives.


      Pokok Kode Etik                                                      Principles of the Code of Ethics

      Kode Etik Perseroan memuat 15 prinsip inti yang bertujuan            The Company’s Code of Ethics contains 15 key principles aimed
      menumbuhkan integritas, tanggung jawab, dan profesionalisme          at fostering integrity, responsibility, and professionalism at the
      di lingkungan kerja yang meliputi:                                   workplace, comprising:
      1. Kepatuhan terhadap Peraturan Perundang-Undangan;                  1. Regulatory compliance;
      2. Perilaku Bisnis;                                                  2. Business Conduct;
      3. Memperdagangkan Informasi Orang Dalam;                            3. Insider Trading;
      4. Kebijakan Anti Korupsi;                                           4. Anti-Corruption Policy;
      5. Hubungan Pelanggan, Pemegang Saham, Prinsipal, dan                5. Relations with Customers, Shareholders, Principals, and
           Pemangku Kepentingan Lainnya;                                       Other Stakeholders;
      6. Pelaporan dan Pencatatan Keuangan;                                6. Financial Reporting and book-keeping;
      7. Hadiah, Hiburan, dan Pemberian Lainnya;                           7. Gifts, Entertainment, and Other Gratuities;
      8. Tempat Kerja yang Positif;                                        8. A Vibrant Workplace;
      9. Lingkungan;                                                       9. Environment;
      10. Konflik Kepentingan;                                             10. Conflict of Interest;
      11. Melindungi Properti;                                             11. Protecting Property;
      12. Pengungkapan Publik;                                             12. Public Disclosure;
      13. Hubungan Pemerintah;                                             13. Government Relations;
      14. Melindungi Informasi Rahasia; dan                                14. Protecting Confidential Information; and
      15. Mengajukan Pertanyaan dan Melaporkan Pelanggaran.                15. Asking Questions and Reporting Violations.


      Prinsip-prinsip ini menjadi acuan bagi pengambilan keputusan         These principles serve as a reference for daily decision-making
      dan perilaku sehari-hari, sehingga setiap tindakan yang dilakukan    and behavior, ensuring that every action taken by employees
      oleh karyawan maupun pemangku kepentingan lainnya konsisten          and other stakeholders remains consistent with the Company’s
      dengan standar etika Perseroan.                                      ethical standards.


      Sosialisasi Kode Etik                                                Socialization of the Code of Ethics

      Perseroan menempatkan Kode Etik sebagai fondasi perilaku             The Company establishes the Code of Ethics as the foundation for
      profesional seluruh karyawan dan pemangku kepentingan. Untuk         the professional conduct of all employees and stakeholders. To
      memastikan penerapan yang konsisten, Kode Etik diperbarui            ensure consistent implementation, the Code of Ethics is updated
      secara berkala agar selaras dengan perubahan regulasi dan            periodically to align with regulatory changes and industry
      praktik terbaik industri. Implementasinya dilakukan melalui          best practices. Implementation is carried out through various
      berbagai inisiatif, termasuk orientasi bagi karyawan baru, serta     initiatives, including orientation for new employees and periodic
      sesi penyegaran berkala melalui program pembelajaran daring          refreshment sessions via e-learning programs for all staffs of
      (e-learning) bagi seluruh staf Perseroan dan Entitas Anak. Selain    the Company and its Subsidiaries. Furthermore, the Code of
      itu, Pedoman Perilaku yang mendampingi Kode Etik dapat diakses       Conduct accompanying the Code of Ethics is accessible through
      melalui situs resmi Perseroan, meningkatkan keterbukaan dan          the Company’s official website, thus enhancing transparency and
      mempermudah akses informasi bagi seluruh pihak terkait.              ease of access to information for all related parties.




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        Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




Upaya Penegakan Kode Etik                                           Enforcement of Code of Ethics

Perseroan menekankan pentingnya kepatuhan melalui                   The Company emphasizes the importance of compliance through
mekanisme penegakan yang tegas. Setiap pelanggaran Kode Etik        firm enforcement mechanisms. Every violation of the Code of Ethics
ditindaklanjuti sesuai tingkat keseriusannya, dengan prosedur       is followed up according to its severity, with clear accountability
akuntabilitas yang jelas. Tindakan disipliner diterapkan untuk      procedures. Disciplinary actions are imposed to maintain integrity,
menjaga integritas, mulai dari peringatan hingga pemutusan          with levels ranging from warnings to termination of employment in
hubungan kerja pada kasus pelanggaran berat, sehingga reputasi      cases of severe misconduct, to uphold the Company’s reputation
dan prinsip etika Perseroan tetap terjaga.                          and ethical principles.


Pernyataan bahwa Kode Etik Berlaku bagi                             Statement on the Applicability of the Code of
Seluruh Tingkatan Organisasi                                        Ethics to All Organizational

Perseroan menetapkan bahwa Kode Etik mengikat seluruh unsur         The Company determines that the Code of Ethics binds all elements
dalam Grup MPM tanpa pengecualian, mencakup karyawan di             within the MPM Group, unexceptionally, encompassing employees
seluruh jenjang, manajemen, Direksi, hingga Dewan Komisaris.        at all levels, management, the Board of Directors, and the Board of
Pemberlakuan menyeluruh ini bertujuan untuk memastikan              Commissioners. This comprehensive enforcement aims to ensure
bahwa setiap aktivitas usaha dijalankan secara seragam, patuh       that every business activity is conducted with respect to common
terhadap hukum, serta selaras dengan ketentuan peraturan            standards, in compliance with the law, and applicable laws and
perundang-undangan yang berlaku.                                    regulations.


Sebagai wujud komitmen terhadap penerapan tata kelola               As a manifestation of the commitment to implementing corporate
perusahaan yang berlandaskan etika, setiap individu dalam           governance with respect to business ethics, every individual within
lingkup tersebut diwajibkan menyatakan kepatuhannya                 the scope is required to declare their compliance by signing the
melalui penandatanganan Deklarasi Kode Etik dan Kebijakan           Declaration of the Code of Ethics and Company Policies. This
Perusahaan. Pernyataan ini menegaskan kesediaan seluruh             statement affirms the willingness of all parties to comply with
pihak untuk mematuhi Peraturan Perusahaan, Kode Etik, serta         Company Regulations, the Code of Ethics, and relevant legal
ketentuan hukum yang relevan dalam menjalankan peran dan            provisions in performing their roles and responsibilities.
tanggung jawabnya.


Jumlah Pelanggaran Pedoman Perilaku dan                             Number of Code of Conduct Violations and
Sanksi yang Diberikan                                               Sanctions Imposed

Pada tahun 2025, Perseroan tidak menerima laporan adanya            In 2025, the Company received no reports of Code of Conduct
pelanggaran Pedoman Perilaku yang dilakukan oleh insan              violations committed by the Company’s personnel.
Perseroan.




Program Kepemilikan Saham oleh Karyawan
Employee Stock Ownership


Pada tahun 2025, Perseroan tidak memiliki program kepemilikan       In 2025, the Company did not have an employee stock ownership
saham bagi karyawan.                                                program.




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              Pengantar            Ikhtisar Kinerja            Laporan Manajemen          Profil Perusahaan        Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights      Management Report          Company Profile          Business Support Overview




      Kebijakan Pemberian Insentif Jangka
      Panjang Kepada Direksi dan/atau Personel
      Manajemen Inti
      Long-Term Incentive Policy for the Board of Directors and/or Key
      Management Personnel

      Sebagai bentuk pengakuan dan penghargaan atas kontribusi           To recognize and appreciate the significant contributions of
      signifikan Direksi dan personel manajemen inti Grup MPM,           the Board of Directors and key management personnel of the
      Perseroan menerapkan Program Insentif Jangka Panjang (Long-        MPM Group, the Company implements a Long-Term Incentive
      Term Incentive Program/LTIP). Program ini dirancang untuk          Program (LTIP). This program is designed to encourage the
      mendorong pencapaian tujuan dan target Perseroan secara            sustainable achievement of the Company’s goals and targets
      berkelanjutan serta menyelaraskan kepentingan manajemen            and to align management’s interests with the Company’s long-
      dengan kinerja jangka panjang Perseroan, dan tidak semata-         term performance, rather than being solely based on short-term
      mata didasarkan pada pencapaian kinerja keuangan jangka            financial performance.
      pendek.


      Insentif jangka panjang diberikan dalam bentuk saham yang          Long-term incentives are granted in the form of shares derived
      bersumber dari saham tresuri Perseroan, yang diperoleh melalui     from the Company’s treasury shares, which were acquired through
      program pembelian kembali saham pada periode tahun 2013            the share buyback program conducted during the 2013-2017
      hingga 2017. Alokasi saham tresuri untuk pelaksanaan LTIP          period. The allocation of treasury shares for the implementation
      telah memperoleh persetujuan Pemegang Saham dalam RUPS             of the LTIP obtained Shareholder approval at the Annual General
      Tahunan yang diselenggarakan pada tanggal 31 Mei 2016 dan          Meeting of Shareholders (AGMS) held on May 31, 2016, and May
      27 Mei 2019.                                                       27, 2019.


      Pada tahun 2025, sebanyak 5.645.300 saham telah dialokasikan       In 2025, a total of 5,645,300 shares were allocated and granted
      dan diberikan kepada anggota Direksi dan personel manajemen        to members of the Board of Directors and key management
      inti dalam rangka pelaksanaan program ini. Pemberian insentif      personnel as part of this program’s implementation. The grant
      jangka panjang dilakukan secara bertahap (grant), dengan setiap    of long-term incentives was carried out in stages, with each
      tahapan pelaksanaan tunduk pada persyaratan dan ketentuan          implementation stage subject to specific terms and conditions
      tertentu yang dikaitkan dengan pencapaian kinerja.                 linked to performance achievements.


      Pelaksanaan pemberian insentif jangka panjang dilakukan            The long-term incentive was granted based on the following
      berdasarkan ketentuan sebagai berikut:                             provisions:
      1. pihak penerima adalah anggota Direksi Perseroan dan/atau        1. the recipients were members of the Board of Directors of the
          Entitas Anak Perseroan;                                            Company and/or its Subsidiaries;
      2. pencapaian atas kondisi atau target yang telah ditetapkan       2. the achievement of pre-determined conditions or targets;
          sebelumnya; dan                                                    and
      3. harga dan waktu pelaksanaan grant akan ditetapkan               3. the price and timing of the grant should be determined based
          berdasarkan kebijakan Direksi Perseroan.                           on the policies of the Company’s Board of Directors.


      Perseroan tidak memberikan hak opsi, saham ataupun bonus           The Company did not grant share options, shares, or bonuses
      berdasarkan kinerja Perseroan kepada seluruh anggota Dewan         based on the Company’s performance to any members of the
      Komisaris termasuk kepada Komisaris Independen.                    Board of Commissioners, including Independent Commissioners.




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       Management Discussion and Analysis          Corporate Governance             Environmental and Social Responsibility




Kebijakan Pengungkapan Informasi
Kepemilikan Saham Anggota Dewan
Komisaris dan Direksi
Information Disclosure Policy on Shareholdings of the Board of
Commissioners and the Board of Directors.

Sebagai bagian dari penerapan prinsip keterbukaan, Perseroan       To reflect transparency principle implementation, the Company
menetapkan kebijakan pengungkapan informasi guna menjamin          has established an information disclosure policy to ensure the
tersedianya informasi yang relevan, akurat, dan tepat waktu        availability of relevant, accurate, and timely information for
bagi pemegang saham serta pelaku pasar. Kebijakan ini              shareholders and market participants. This policy supports
mendukung transparansi Perseroan dan memberikan dasar yang         the Company’s transparency and provides an adequate basis
memadai bagi para pemangku kepentingan dalam menilai arah          for stakeholders to assess the strategic direction, business
strategis, perkembangan usaha, serta kinerja Perseroan secara      development, and overall performance of the Company.
menyeluruh.


Dalam rangka pelaksanaan kebijakan tersebut, setiap anggota        In practice, every member of the Board of Commissioners
Dewan Komisaris dan Direksi diwajibkan untuk melaporkan            and the Board of Directors is required to report their share
kepemilikan saham Perseroan serta setiap perubahan atas            ownership in the Company and any changes to such ownership,
kepemilikan tersebut, baik yang dimiliki secara langsung           whether held directly or indirectly. Reporting is conducted with
maupun tidak langsung. Pelaporan dilakukan dengan mengacu          reference to OJK Regulation Number 4 of 2024 concerning
pada Peraturan OJK Nomor 4 Tahun 2024 tentang Laporan              Report on Ownership or Any Changes in Share Ownership of
Kepemilikan atau Setiap Perubahan Kepemilikan Saham                Publicly Listed Companies, and Report on Activity of Pledging
Perusahaan Terbuka dan Laporan Aktivitas Menjaminkan               Shares of the Publicly Listed Companies and Circular Letter of
Saham Perusahaan Terbuka, dan Surat Edaran OJK                     OJK Number 10/SEOJK.04/2025 regarding the Submission of
Nomor 10/SEOJK.04/2025 tentang Penyampaian Laporan                 Reports on Share Ownership or Any Changes in Share Ownership
Kepemilikan Atau Setiap Perubahan Kepemilikan Saham                of a Publicly Listed Company and the Report on Activities of
Perusahaan Terbuka Dan Laporan Aktivitas Menjaminkan Saham         Pledging Shares of a Publicly Listed Company Electronically,
Perusahaan Terbuka Secara Elektronik, dengan ketentuan             where it regulates that reports must be submitted no later than
bahwa laporan disampaikan paling lambat 3 (tiga) hari kerja        3 (three) working days from the occurrence of the Company’s
sejak terjadinya kepemilikan hak suara atas saham atau setiap      share ownership with voting rights or any change in ownership
perubahan kepemilikan hak suara atas saham Perseroan.              with voting rights.


Sepanjang tahun 2025, pelaksanaan kebijakan ini tercermin          Throughout 2025, the implementation of this policy was reflected
dalam beberapa penyampaian laporan kepemilikan atau setiap         in several submissions of ownership reports or changes in share
perubahan kepemilikan saham kepada OJK sebagaimana dapat           ownership to the OJK, as accessible on the Company’s website
dilihat dalam situs web Perseroan dan situs web Bursa Efek         and the Indonesia Stock Exchange’s website.
Indonesia.


Informasi mengenai jumlah kepemilikan saham Perseroan oleh         Information regarding the amount of share ownership by the
Direksi dan Dewan Komisaris diungkapkan pada Bagian Profil         Board of Directors and the Board of Commissioners is disclosed
Perseroan dalam Laporan Tahunan ini.                               in the Company Profile section of this Annual Report.




Kebijakan Pemberian Pinjaman kepada
Anggota Direksi dan Dewan Komisaris
Policy on Loans to Members of the Board of Directors and the Board of
Commissioners

Perseroan tidak memberikan pinjaman baik kepada anggota            The Company does not provide loans to either members of the
Direksi maupun Dewan Komisaris.                                    Board of Directors or of the Board of Commissioners.



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              Pengantar            Ikhtisar Kinerja               Laporan Manajemen            Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights         Management Report            Company Profile             Business Support Overview




      Whistleblowing System
      Whistleblowing System

      Sebagai bagian dari komitmen Perseroan dalam menjunjung               As part of the Company’s commitment to upholding GCG
      tinggi prinsip GCG, Perseroan menyediakan Sistem Pelaporan            principles, the Company provides a Whistleblowing System
      Pelanggaran (Whistleblowing System/WBS) yang dikenal                  (WBS) known as MPM SpeakUp. This system serves as an
      dengan nama MPM SpeakUp. Sistem ini menjadi sarana resmi              official channel for stakeholders to report alleged violations of
      bagi pemangku kepentingan untuk menyampaikan laporan                  ethics, internal policies, Company Regulations, and applicable
      atas dugaan pelanggaran etika, kebijakan internal, Peraturan          laws and regulations within the MPM Group’s work environment.
      Perusahaan, maupun ketentuan peraturan perundang-undangan
      yang berlaku di lingkungan Grup MPM.


      Cara Penyampaian Laporan Pelanggaran                                  Violation Reporting Procedures

      Melalui MPM SpeakUp, Perseroan membuka akses pelaporan                Through MPM SpeakUp, the Company provides an access
      bagi seluruh pihak yang berkepentingan untuk melaporkan               for all stakeholders to report indications or alleged violations
      indikasi atau dugaan pelanggaran yang terjadi di dalam Grup           occurring within the MPM Group. The system is independently
      MPM. Sistem ini dikelola secara independen oleh pihak ketiga          managed by a third party selected by the Company, is available
      yang dipilih oleh Perseroan dan tersedia sepanjang waktu serta        for access within 24/7, and is designed to ensure confidentiality
      dirancang untuk menjamin kerahasiaan serta perlindungan               and protection for the whistleblower. Reports can be submitted
      terhadap pelapor. Penyampaian laporan dapat dilakukan melalui         through the following channels:
      saluran berikut:
      › MPM SpeakUp Website (Bahasa Inggris dan Bahasa                      ›   MPM SpeakUp Website (both English and Indonesian
         Indonesia): https://mpm.whispli.com/lp/SpeakUp                         languages): https://mpm.whispli.com/lp/SpeakUp
      › Telepon dan WhatsApp:                                               ›   Phone and WhatsApp Number:
         › WhatsApp 0812 5000 1880                                              › WhatsApp 0812 5000 1880
         › WhatsApp 0819 3184 1174                                              › WhatsApp 0819 3184 1174
      › Email: mpm_speakup@pwc.com                                          ›   Email: mpm_speakup@pwc.com


      Perlindungan bagi Pelapor                                             Protection for Whistleblower

      Perseroan berkomitmen menciptakan lingkungan yang aman                The Company is committed to creating a safe environment for
      bagi pelapor yang bertindak dengan itikad baik. Identitas pelapor     whistleblowers who act in good faith. The identity of the whistleblower
      dijaga secara ketat dan kerahasiaan dijamin selama seluruh            is strictly protected and confidentiality is guaranteed throughout the
      proses pelaporan dan investigasi. Perseroan juga memastikan           entire reporting and investigation process. The Company also ensures
      pelapor terlindungi dari segala bentuk pembalasan atau                that whistleblowers are protected from any forms of retaliation or
      konsekuensi negatif akibat laporan yang disampaikan.                  negative consequences resulting from the reports submitted.


      Penanganan             dan        Pihak   yang        Mengelola       Handling Management and Parties Managing
      Pengaduan                                                             Complaints

      Seluruh laporan yang diterima melalui MPM SpeakUp dikelola            All reports received through MPM SpeakUp are managed by
      oleh HR Division Head Perseroan, yang bertanggung jawab atas          the Company’s HR Division Head, who is responsible for the
      penerimaan, investigasi, dan tindak lanjut laporan. Laporan yang      receipt, investigation, and follow-up of the reports. Reports
      terbukti mengandung pelanggaran akan diteruskan ke Dewan              proven to contain violations will be forwarded to the Board of
      Komisaris dan Direksi untuk ditindaklanjuti, termasuk pemberian       Commissioners and the Board of Directors for further action,
      sanksi. Perseroan juga memberikan sanksi terhadap laporan             including the imposition of sanctions. The Company also imposes
      yang terbukti disampaikan secara tidak bertanggung jawab atau         sanctions against reports proven to be submitted irresponsibly
      berniat mencemarkan nama baik.                                        or with the intent to defame.


      Jumlah Pelaporan yang Diterima dan Diproses                           Number of Reports Received and Processed

      Pada tahun 2025, WBS MPM SpeakUp menerima 18 (delapan                 In 2025, the MPM SpeakUp WBS received 18 (eighteen) reports.
      belas) laporan. Seluruh laporan telah diproses dan ditindaklanjuti    All reports were already processed and followed up in accordance
      sesuai dengan prosedur internal Perseroan dengan melibatkan           with the Company’s internal procedures, involving the Internal
      Unit Audit Internal, Divisi Sumber Daya Manusia, serta pihak yang     Audit Unit, the Human Resources Division, and designated
      ditunjuk dari Entitas Anak terkait.                                   parties from the relevant Subsidiaries.

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        Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis              Corporate Governance              Environmental and Social Responsibility




Kebijakan Anti-Korupsi dan Anti-Fraud
Anti-Corruption and Anti-Fraud Policy


Perseroan menerapkan Kebijakan Anti-Korupsi dan Anti-Fraud              The Company implements an Anti-Corruption and Anti-Fraud
yang wajib dipatuhi oleh seluruh insan Perseroan. Kebijakan             Policy, which must be adhered to by all Company personnel.
ini tercantum dalam Corporate Policy Manual dan Kode Etik               This policy is outlined in the Corporate Policy Manual and the
Perseroan, menegaskan komitmen untuk menjalankan praktik                Company’s Code of Ethics, reaffirming the commitment to
bisnis yang etis, transparan, dan bebas dari korupsi, suap,             conducting business practices that are ethical, transparent,
gratifikasi, kickbacks, maupun tindakan fraud. Perseroan juga           and free from corruption, bribery, gratuities, kickbacks, and
menerapkan prosedur internal yang sistematis untuk mencegah,            fraudulent acts. The Company also implements systematic
mendeteksi, dan menindak setiap indikasi pelanggaran, termasuk          internal procedures to prevent, detect, and take action against
mekanisme pelaporan, investigasi, dan pemberian sanksi bagi             any indication of violations, including reporting mechanisms,
pelanggar sesuai ketentuan peraturan perundang-undangan                 investigations, and the imposition of sanctions for the violating
yang berlaku di Indonesia.                                              personnel in accordance with the prevailing laws and regulations
                                                                        in Indonesia.


Pelatihan/Sosialisasi Kebijakan Anti-Korupsi                            Anti-Corruption and Anti-Fraud Policy Training/
dan Anti-Fraud kepada Karyawan Perseroan                                Socialization for Company Employees

Untuk menanamkan budaya kepatuhan dan integritas, Perseroan             To instill a culture of compliance and integrity, the Company
secara rutin menyelenggarakan program sosialisasi dan                   regularly organizes anti-corruption socialization and training
pelatihan anti-korupsi bagi seluruh karyawan. Pada tahun                programs for all employees. In 2025, the Company conducted
2025, Perseroan melaksanakan kegiatan sosialisasi Kode Etik,            socialization on the Code of Ethics, Anti-Corruption, and the WBS
Anti-Corruption, dan WBS MPM SpeakUp melalui webinar                    MPM SpeakUp through a webinar titled “Together We Create a
dengan topik “Bersama Kita Wujudkan Tempat Kerja yang                   More Transparent and Trusted Workplace.” The webinar was held
Lebih Transparan dan Terpercaya”. Webinar ini dilaksanakan              with aim to increase the awareness among MPM Group employees,
dengan tujuan meningkatkan awareness karyawan Grup MPM                  encouraging them to be more proactive in implementing the code
agar lebih proaktif dalam penerapan kode etik dan pencegahan            of ethics and preventing fraud in the workplace. The webinar
fraud di lingkungan kerja. Materi webinar dibawakan oleh Ibu            materials were presented by Ms. Rita Djohar as the HR & GA Division
Rita Djohar selaku HR & GA Division Head MPMulia, serta Bapak           Head of MPMulia, and Mr. Budi Santoso as an independent party
Budi Santoso selaku pihak independen dari PwC Indonesia yang            from PwC Indonesia, who manages the Whistleblowing System for
mengelola Whistleblowing System untuk Grup MPM.                         the MPM Group.


Selain webinar, Perseroan juga mengadakan kegiatan lainnya,             In addition to the webinar, the Company also conducted other
seperti menempatkan poster kode etik dan WBS awareness di               activities, such as placing posters about code of ethics and
area kerja, serta melalui email kepada seluruh karyawan guna            WBS awareness in the work areas, as well as sending emails
meningkatkan internalisasi nilai-nilai integritas dan kepatuhan di      to all employees to enhance the internalization of integrity and
seluruh lini organisasi.                                                compliance values across all lines of the organization.




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              Pengantar            Ikhtisar Kinerja           Laporan Manajemen           Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights     Management Report           Company Profile             Business Support Overview




      Kebijakan Pencegahan Insider Trading dan
      Manajemen Benturan Kepentingan
      Prevention of Insider Trading and Conflict of Interest Management Policy


      Perseroan menerapkan kebijakan pencegahan insider trading         The Company strictly implements insider trading prevention
      yang tegas, sebagaimana diatur dalam Corporate Policy Manual,     policy, as stipulated in the Corporate Policy Manual, the Code of
      Kode Etik, serta kebijakan terkait hubungan dengan Pemegang       Ethics, and policies concerning relations with Shareholders and/
      Saham dan/atau kreditur. Kebijakan ini menekankan prinsip         or creditors. This policy emphasizes the principle of equitable
      perlakuan adil (equitable treatment), di mana pengungkapan        treatment, where information disclosure is conducted in a
      informasi dilakukan secara seimbang, mematuhi ketentuan           balanced manner, in compliance with confidentiality policy, and to
      kerahasiaan, dan menghindari penyampaian informasi yang           avoid the delivery of asymmetrical information to Shareholders.
      tidak simetris kepada Pemegang Saham.


      Dalam hal manajemen benturan kepentingan, Sekretaris              In terms of conflict of interest management, the Corporate
      Perusahaan memegang peran kunci dalam mengidentifikasi dan        Secretary plays a key role in identifying and monitoring potential
      memantau potensi benturan kepentingan, serta memastikan           conflicts of interest, as well as ensuring independence in decision-
      independensi dalam pengambilan keputusan oleh Dewan               making by the Board of Commissioners, the Board of Directors,
      Komisaris, Direksi, maupun komite Perseroan. Sesuai dengan        and Company committees. In accordance with the Company Law
      Undang-Undang Perseroan Terbatas dan Anggaran Dasar, pihak        and the Articles of Association, parties facing a conflict of interest
      yang mengalami benturan kepentingan dilarang berpartisipasi       are prohibited from participating in the relevant discussions or
      dalam diskusi atau pengambilan keputusan terkait. Seluruh         decision-making. All occurrences relating to conflicts of interest
      kejadian yang berkaitan dengan benturan kepentingan               are carefully documented in the minutes of meetings to ensure
      didokumentasikan secara cermat dalam risalah rapat untuk          transparency and accountability in the decision-making process.
      menjamin transparansi dan akuntabilitas proses pengambilan
      keputusan.




      Kebijakan Seleksi dan Peningkatan
      Kemampuan Pemasok
      Vendor Selection and Capacity Building Policy

      Perseroan menetapkan kebijakan seleksi dan peningkatan            The Company establishes a vendor selection and capacity
      kemampuan pemasok (vendor) yang dijabarkan dalam Corporate        building policy as outlined in the Corporate Policy Manual and
      Policy Manual dan Kode Etik. Kebijakan ini menekankan             the Code of Ethics. This policy emphasizes the principles of
      prinsip transparansi, keadilan, dan kemitraan berkelanjutan,      transparency, fairness, and sustainable partnership, while
      serta mendorong peningkatan kemampuan pemasok untuk               encouraging vendor capacity building to support mutually
      mendukung hubungan bisnis yang saling menguntungkan.              beneficial business relationships.
      Secara garis besar, kebijakan mencakup hal-hal berikut:           In brief, the policy outlines the followings:
      1. Seleksi Pemasok: Proses seleksi, termasuk wewenang dan         1. Vendor Selection: The selection process, including its
          pendelegasiannya, dilakukan untuk memastikan Perseroan            authority and delegation, is conducted to ensure the
          memperoleh produk atau jasa dengan kualitas terbaik dan           Company obtains products or services of the highest quality
          harga yang kompetitif.                                            and at competitive prices.
      2. Kajian Kinerja Pemasok: Perseroan secara periodik              2. Vendor Performance Review: The Company periodically
          mengevaluasi kinerja pemasok berdasarkan kriteria teknis          evaluates vendor performance based on technical and
          dan harga, mencakup mutu produk/jasa, ketepatan waktu             pricing criteria, encompassing product/service quality,
          pengiriman, serta kemampuan menangani permintaan                  delivery timeliness, and the ability to handle urgent requests.
          mendadak. Hasil evaluasi didokumentasikan dan diterapkan          The evaluation results are well documented and consistently
          secara konsisten.                                                 applied.
      3. Daftar Pemasok Terverifikasi: Perseroan memelihara daftar      3. Verified Vendor List: The Company maintains a list of
          pemasok yang telah disetujui dan terbukti memenuhi standar        approved suppliers that are proven to have met performance
          kinerja, sebagai acuan dalam pengadaan barang/jasa.               standards, to guide it in the procurement process of goods/
                                                                            services.

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        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance              Environmental and Social Responsibility




Penerapan atas Pedoman Tata Kelola
Perusahaan Terbuka
Implementation of the Public Company Corporate Governance Guidelines


Perseroan    melaksanakan    penerapan    tata   kelola               The Company implements corporate governance by adhering
perusahaan dengan berpedoman pada Peraturan OJK                       to OJK Regulation Number 21/POJK.04/2015 regarding the
Nomor 21/POJK.04/2015 tentang Penerapan Pedoman                       Implementation of Corporate Governance Guidelines for Public
Tata Kelola Perusahaan Terbuka serta Surat Edaran OJK                 Companies and OJK Circular Letter Number 32/SEOJK.04/2015
Nomor 32/SEOJK.04/2015 tentang Pedoman Tata Kelola                    regarding Corporate Governance Guidelines for Public
Perusahaan Terbuka.                                                   Companies.


Berdasarkan kedua ketentuan tersebut, terdapat sejumlah               Based on these two provisions, several aspects have become
aspek yang menjadi perhatian Perseroan dalam memastikan               priorities of the Company in ensuring the effective, transparent,
penerapan tata kelola perusahaan yang efektif, transparan, dan        and accountable implementation of corporate governance. Overall,
akuntabel. Secara keseluruhan, pedoman dimaksud mencakup              the aforementioned guidelines comprise 5 (five) Aspects, 8 (eight)
5 (lima) Aspek, 8 (delapan) Prinsip, serta 24 (dua puluh empat)       Principles, and 24 (twenty-four) Recommendations that serve as
Rekomendasi yang menjadi rujukan dalam penerapan praktik              the reference in implementing corporate governance practices,
tata kelola perusahaan, dengan rincian sebagai berikut:               with details as follows:



          Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
                Aspect 1: Public Listed Company’s Relationship with Shareholders in Ensuring Shareholders’ Rights

Prinsip 1: Meningkatkan Nilai Penyelenggaraan RUPS
Principle 1: Increasing the Value of Convening GMS

Rekomendasi 1:                                                       Status dan Penerapan:
Recommendation 1:                                                    Status and Implementation:

Perusahaan terbuka memiliki cara atau prosedur teknis                Terpenuhi/Compiled
pengumpulan suara (voting) baik secara terbuka maupun                Perseroan memiliki prosedur pengumpulan suara dalam RUPS
tertutup yang mengedepankan independensi, dan kepentingan            sebagaimana diatur dalam Anggaran Dasar dan Peraturan
Pemegang Saham.                                                      Perusahaan lainnya terkait tata tertib rapat yang diinformasikan
                                                                     kepada para Pemegang Saham di awal pelaksanaan RUPS.
The public company has technical voting methods or procedures,
either open or close, prioritizing independence, and interest of     The Company has a procedure for collecting votes at the GMS
Shareholders.                                                        as regulated in the Articles of Association and other Company
                                                                     Regulations regarding meeting conducts which are informed to
                                                                     Shareholders at the beginning of the GMS.

Rekomendasi 2:                                                       Status dan Penerapan:
Recommendation 2:                                                    Status and Implementation:

Terpenuhi/Compiled                                                   Menjelaskan/Explain
Seluruh anggota Direksi dan anggota Dewan Komisaris                  Terdapat satu anggota Dewan Komisaris Perseroan yang tidak
perusahaan terbuka hadir dalam RUPS Tahunan.                         hadir dalam RUPS Tahunan. Namun demikian, pemenuhan
                                                                     kewajiban anggota Dewan Komisaris yang tidak hadir dalam
All members of the Board of Directors and Board of                   RUPS telah dilaksanakan oleh anggota Dewan Komisaris yang
Commissioners of a public company attend the Annual GMS.             hadir.

                                                                     There was one member of the Company’s Board of Commissioners
                                                                     who did not attend the Annual GMS. Nevertheless, the fulfillment
                                                                     of the obligations of the absent member of the Board of
                                                                     Commissioners was duly carried out by the members of the
                                                                     Board of Commissioners who were present.




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              Pengantar            Ikhtisar Kinerja             Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights       Management Report            Company Profile           Business Support Overview




                 Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
                       Aspect 1: Public Listed Company’s Relationship with Shareholders in Ensuring Shareholders’ Rights

      Rekomendasi 3:                                                       Status dan Penerapan:
      Recommendation 3:                                                    Status and Implementation:

      Ringkasan risalah RUPS tersedia dalam situs web perusahaan           Terpenuhi/Compiled
      terbuka paling sedikit selama 1 tahun.                               Ringkasan risalah RUPS tersedia di situs web Perseroan sejak
                                                                           tahun 2014. Informasi risalah RUPS tersedia pada situs web
      The summary of GMS minutes is available on the public                Perseroan, www.mpmgroup.co.id.
      company’s website for at least 1 year.
                                                                           The summaries of GMS minutes have been available on the
                                                                           Company’s website since 2014. Information on GMS minutes is
                                                                           available on the Company’s website, www.mpmgroup.co.id.

      Prinsip 2: Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor
      Principle 2: Increasing the Communication Quality between the Public Company and Shareholders or Investors

      Rekomendasi 4:                                                       Status dan Penerapan:
      Recommendation 4:                                                    Status and Implementation:

      Perusahaan terbuka memiliki suatu kebijakan komunikasi               Terpenuhi/Compiled
      dengan Pemegang Saham atau investor.                                 Kebijakan komunikasi dengan Pemegang Saham atau investor
                                                                           Perseroan tertuang dalam Pedoman Perilaku yang tersedia di
      Public company has communication policy with Shareholders or         situs web Perseroan.
      investors.
                                                                           The policy on communication with the Company’s Shareholders
                                                                           or investors is specified in the Code of Conduct available on the
                                                                           Company’s website.

      Rekomendasi 5:                                                       Status dan Penerapan:
      Recommendation 5:                                                    Status and Implementation:

      Perusahaan terbuka mengungkapkan kebijakan komunikasi                Pedoman Perilaku yang telah diungkapkan dalam situs web
      perusahaan terbuka dengan Pemegang Saham atau investor               Perseroan memuat pedoman atau kebijakan mengenai hubungan
      dalam situs web.                                                     dengan Pemegang Saham atau pemangku kepentingan lainnya
                                                                           termasuk investor. Selain itu, situs web Perseroan juga telah
      Public company discloses its policy on communication with            memuat nomor telepon, faksimili, dan alamat e-mail sebagai
      Shareholders or investors on the website.                            media bagi Pemegang Saham, investor, ataupun pemangku
                                                                           kepentingan lainnya untuk berkomunikasi dengan Perseroan.

                                                                           The Code of Conduct disclosed on the Company’s website
                                                                           contains guidelines or policies regarding relations with
                                                                           Shareholders or other stakeholders, including investors. In
                                                                           addition, the Company’s website also contains phone number,
                                                                           facsimile, and e-mail address as channels for Shareholders,
                                                                           investors, or other stakeholders to communicate with the
                                                                           Company.



                                                   Aspek 2: Fungsi dan Peran Dewan Komisaris
                                            Aspect 2: Function and Role of the Board of Commissioners

      Prinsip 3: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
      Principle 3: Strengthening the Membership and Composition of the Board of Commissioners

      Rekomendasi 6:                                                       Status dan Penerapan:
      Recommendation 6:                                                    Status and Implementation:

      Penentuan   jumlah     anggota      Dewan             Komisaris      Terpenuhi/Compiled
      mempertimbangkan kondisi perusahaan terbuka.                         Jumlah anggota Dewan Komisaris telah mempertimbangkan
                                                                           kondisi Perseroan saat ini dan rencana pengembangan usaha
      Determination of the number of members of the Board of               yang akan dilaksanakan.
      Commissioners considers the condition of the public company.
                                                                           The number of members of the Board of Commissioners has
                                                                           considered the Company’s current condition and business
                                                                           development plans to be implemented.




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       Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan           Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis            Corporate Governance             Environmental and Social Responsibility




                                           Aspek 2: Fungsi dan Peran Dewan Komisaris
                                    Aspect 2: Function and Role of the Board of Commissioners

Rekomendasi 7:                                                      Status dan Penerapan:
Recommendation 7:                                                   Status and Implementation:

Penentuan komposisi anggota Dewan Komisaris memperhatikan           Terpenuhi/Compiled
keberagaman keahlian, pengetahuan, dan pengalaman yang              Sebagaimana tercantum dalam Piagam Dewan Komisaris,
dibutuhkan.                                                         penentuan komposisi anggota Dewan Komisaris telah
                                                                    memperhatikan keberagaman, keahlian, pengetahuan, dan
Determination of the composition of the Board of Commissioners      pengalaman yang dibutuhkan untuk menjalankan fungsi
considers the diversity of expertise, knowledge, and experience     pengawasan terhadap Direksi secara menyeluruh. Keberagaman
required.                                                           pada komposisi Dewan Komisaris Perseroan tersebut dapat
                                                                    dilihat pada Profil Dewan Komisaris.

                                                                    As specified in the Board of Commissioners Charter,
                                                                    determination of the composition of the Board of Commissioners
                                                                    has considered diversity of expertise, knowledge, and experience
                                                                    required to perform the overall supervisory function to the Board
                                                                    of Directors. Diversity in the composition of the Company’s Board
                                                                    of Commissioners can be seen in the Board of Commissioners’
                                                                    Profile.

Prinsip 4: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
Principle 4: Increasing the Quality of Implementation of Duties and Responsibilities of the Board of Commissioners

Rekomendasi 8:                                                      Status dan Penerapan:
Recommendation 8:                                                   Status and Implementation:

Dewan Komisaris mempunyai kebijakan penilaian sendiri (self-        Terpenuhi/Complied
assessment) untuk menilai kinerja Dewan Komisaris.                  Sebagaimana tercantum dalam Piagam Dewan Komisaris,
                                                                    Dewan Komisaris telah memiliki kebijakan self-assessment.
The Board of Commissioners has a self-assessment policy to
assess the performance of the Board of Commissioners.               As specified in the Board of Commissioners’ Charter, the Board
                                                                    of Commissioners has a self-assessment policy.

Rekomendasi 9:                                                      Status dan Penerapan:
Recommendation 9:                                                   Status and Implementation:

Kebijakan penilaian sendiri (self-assessment) untuk menilai         Terpenuhi/Compiled
kinerja Dewan Komisaris, diungkapkan melalui Laporan Tahunan        Pelaksanaan self-assessment kinerja Dewan Komisaris telah
perusahaan terbuka.                                                 diungkapkan dalam pembahasan Tata Kelola Perusahaan ini.

The self-assessment policy to assess the performance of the         The self-assessment implementation of the Board of
Board of Commissioners is disclosed in the public company’s         Commissioners’ performance has been disclosed in the
Annual Report.                                                      discussion of this Corporate Governance.

Rekomendasi 10:                                                     Status dan Penerapan:
Recommendation 10:                                                  Status and Implementation:

Dewan Komisaris mempunyai kebijakan terkait pengunduran             Terpenuhi/Compiled
diri anggota Dewan Komisaris apabila terlibat dalam kejahatan       Sebagaimana tercantum dalam Piagam Dewan Komisaris,
keuangan.                                                           Dewan Komisaris telah memiliki kebijakan terkait pengunduran
                                                                    diri anggota Dewan Komisaris apabila terlibat dalam kejahatan
The Board of Commissioners has a policy regarding the               keuangan.
resignation of members of the Board of Commissioners if
involved in financial crimes.                                       As specified in the Board of Commissioners’ Charter, the Board
                                                                    of Commissioners has a policy regarding the resignation of
                                                                    members of the Board of Commissioners if involved in financial
                                                                    crimes.

Rekomendasi 11:                                                     Status dan Penerapan:
Recommendation 11:                                                  Status and Implementation:

Dewan Komisaris atau komite yang menjalankan fungsi                 Terpenuhi/Compiled
nominasi dan remunerasi menyusun kebijakan suksesi dalam            Perseroan telah memiliki Komite Nominasi dan Remunerasi yang
proses nominasi anggota Direksi.                                    berfungsi dan bertanggung jawab dalam menyusun kebijakan
                                                                    suksesi dalam proses nominasi anggota Direksi.
The Board of Commissioners or committee performing
nomination and remuneration function prepares a succession          The Company has a Nomination and Remuneration Committee
policy for nominating members of the Board of Directors.            functioning to and responsible for making a succession policy
                                                                    for nominating members of the Board of Directors.




                                                                                                        PT Mitra Pinasthika Mustika Tbk
                                                                                                                    2025 Annual Report    213
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              Pengantar            Ikhtisar Kinerja               Laporan Manajemen            Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights         Management Report            Company Profile           Business Support Overview




                                                         Aspek 3: Fungsi dan Peran Direksi
                                                Aspect 3: Function and Role of the Board of Directors

      Prinsip 5: Memperkuat Keanggotaan dan Komposisi Direksi
      Principle 5: Strengthening the Membership and Composition of the Board of Directors

      Rekomendasi 12:                                                        Status dan Penerapan:
      Recommendation 12:                                                     Status and Implementation:

      Penentuan jumlah anggota Direksi mempertimbangkan kondisi              Terpenuhi/Compiled
      perusahaan terbuka serta efektivitas dalam pengambilan                 Jumlah anggota Direksi telah mempertimbangkan kondisi
      keputusan.                                                             Perseroan saat ini dan rencana pengembangan usaha yang akan
                                                                             dilaksanakan.
      Determination of the number of members of the Board of
      Directors considers the condition of the public company and            The number of members of the Board of Directors has considered
      effectiveness in decision making.                                      the Company’s current condition and business development
                                                                             plans to be implemented.

      Rekomendasi 13:                                                        Status dan Penerapan:
      Recommendation 13:                                                     Status and Implementation:

      Penentuan komposisi anggota Direksi memperhatikan,                     Terpenuhi/Compiled
      keberagaman keahlian, pengetahuan, dan pengalaman yang                 Sebagaimana tercantum dalam Piagam Direksi, penentuan
      dibutuhkan.                                                            komposisi anggota Direksi telah memperhatikan keberagaman
                                                                             keahlian, pengetahuan, dan pengalaman yang dibutuhkan untuk
      Determination of the composition of the Board of Directors             menjalankan Perseroan. Keberagaman pada komposisi Direksi
      considers the diversity of expertise, knowledge, and experience        Perseroan tersebut dapat dilihat pada Profil Direksi.
      required.
                                                                             As specified in the Board of Directors Charter, determination
                                                                             of the composition of the Board of Directors has considered
                                                                             diversity of expertise, knowledge, and experience required to
                                                                             run the Company. Diversity in the composition of the Company’s
                                                                             Board of Directors can be seen in the Board of Directors’ Profile.

      Rekomendasi 14:                                                        Status dan Penerapan:
      Recommendation 14:                                                     Status and Implementation:

      Anggota Direksi yang membawahi bidang akuntansi atau                   Terpenuhi/Compiled
      keuangan memiliki keahlian dan/atau pengetahuan di bidang              Ibu Beatrice Kartika yang menjabat sebagai Direktur membawahi
      akuntansi.                                                             bidang akuntansi atau keuangan memiliki keahlian, pengetahuan
                                                                             dan pengalaman di bidang akuntansi.
      Members of the Board of Directors in charge of accounting or
      finance have expertise and/or knowledge in accounting.                 Mrs. Beatrice Kartika, who serves as the Director in charge of
                                                                             accounting or finance, possesses expertise, knowledge, and
                                                                             experience in the field of accounting.

      Prinsip 6: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
      Principle 6: Increasing the Quality of Implementation of Duties and Responsibilities of the Board of Directors

      Rekomendasi 15:                                                        Status dan Penerapan:
      Recommendation 15:                                                     Status and Implementation:

      Direksi mempunyai kebijakan penilaian sendiri (self-assessment)        Terpenuhi/Compiled
      untuk menilai kinerja Direksi.                                         Sebagaimana tercantum dalam Piagam Direksi, Direksi telah
                                                                             memiliki kebijakan self-assessment.
      The Board of Directors has a self-assessment policy to assess
      the performance of the Board of Directors.                             As specified in the Board of Directors’ Charter, the Board of
                                                                             Directors has a self-assessment policy.

      Rekomendasi 16:                                                        Status dan Penerapan:
      Recommendation 16:                                                     Status and Implementation:

      Kebijakan penilaian sendiri (self-assessment) untuk menilai            Terpenuhi/Compiled
      kinerja Direksi diungkapkan melalui Laporan Tahunan                    Pelaksanaan self-assessment kinerja Direksi telah diungkapkan
      perusahaan terbuka.                                                    dalam pembahasan Tata Kelola Perusahaan ini.

      The self-assessment policy to assess the performance of the            The self-assessment implementation of the Board of Directors’
      Board of Directors is disclosed in the public company’s Annual         performance has been disclosed in the discussion of this
      Report.                                                                Corporate Governance.




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       Analisis dan Pembahasan Manajemen               Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
       Management Discussion and Analysis              Corporate Governance              Environmental and Social Responsibility




                                                 Aspek 3: Fungsi dan Peran Direksi
                                        Aspect 3: Function and Role of the Board of Directors

Rekomendasi 17:                                                       Status dan Penerapan:
Recommendation 17:                                                    Status and Implementation:

Direksi mempunyai kebijakan terkait pengunduran diri anggota          Terpenuhi/Compiled
Direksi apabila terlibat dalam kejahatan keuangan.                    Sebagaimana tercantum dalam Piagam Direksi, Direksi telah
                                                                      memiliki kebijakan terkait pengunduran diri anggota Direksi
The Board of Directors has a policy regarding the resignation of      apabila terlibat dalam kejahatan keuangan.
members of the Board of Directors if involved in financial crimes.
                                                                      As specified in the Board of Directors’ Charter, the Board of
                                                                      Directors has a policy regarding the resignation of members of
                                                                      the Board of Directors if involved in financial crimes.



                                             Aspek 4: Partisipasi Pemangku Kepentingan
                                                Aspect 4: Stakeholders’ Participation

Prinsip 7: Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan
Principle 7: Increasing the Corporate Governance Aspect through Stakeholders’ Participation

Rekomendasi 18:                                                       Status dan Penerapan:
Recommendation 18:                                                    Status and Implementation:

Perusahaan terbuka memiliki kebijakan untuk mencegah                  Terpenuhi/Compiled
terjadinya insider trading.                                           Kebijakan terkait pencegahan insider trading telah dimuat dalam
                                                                      Corporate Policy Manual dan Pedoman Perilaku Perseroan
Public company has a policy to prevent insider trading.               serta secara khusus berada dalam kebijakan hubungan dengan
                                                                      Pemegang Saham dan/atau kreditur. Kebijakan untuk mencegah
                                                                      terjadinya insider trading ini telah diungkapkan dalam situs web
                                                                      Perseroan.

                                                                      Policy to prevent insider trading is specified in the Corporate
                                                                      Policy Manual, Company’s Code of Conduct, and specifically
                                                                      in the policy on relations with Shareholders and/or creditors.
                                                                      This policy to prevent insider trading has been disclosed on the
                                                                      Company’s website.

Rekomendasi 19:                                                       Status dan Penerapan:
Recommendation 19:                                                    Status and Implementation:

Perusahaan terbuka memiliki kebijakan anti korupsi dan anti           Terpenuhi/Compiled
fraud.                                                                Kebijakan terkait anti korupsi dan anti fraud telah dimuat dalam
                                                                      Corporate Policy Manual dan Pedoman Perilaku Perseroan.
Public company has anti-corruption and anti-fraud policy.             Kebijakan tersebut telah diungkapkan dalam situs web
                                                                      Perseroan.

                                                                      Policy related to anti-corruption and anti-fraud is specified in the
                                                                      Corporate Policy Manual and the Company’s Code of Conduct.
                                                                      Such policy has been disclosed on the Company’s website.

Rekomendasi 20:                                                       Status dan Penerapan:
Recommendation 20:                                                    Status and Implementation:

Perusahaan terbuka memiliki kebijakan tentang seleksi dan             Terpenuhi/Compiled
peningkatan kemampuan pemasok atau vendor.                            Kebijakan tentang seleksi dan peningkatan kemampuan
                                                                      pemasok atau vendor telah dimuat dalam Corporate Policy
Public company has a policy on supplier or vendor selection and       Manual dan Pedoman Perilaku Perseroan. Kebijakan tersebut
capacity building.                                                    telah diungkapkan dalam situs web Perseroan.

                                                                      Policy on supplier or vendor selection and capacity building is
                                                                      specified in the Corporate Policy Manual and the Company’s
                                                                      Code of Conduct. Such policy has been disclosed on the
                                                                      Company’s website.




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              Pengantar            Ikhtisar Kinerja                 Laporan Manajemen            Profil Perusahaan           Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights           Management Report            Company Profile             Business Support Overview




                                                     Aspek 4: Partisipasi Pemangku Kepentingan
                                                        Aspect 4: Stakeholders’ Participation

      Rekomendasi 21:                                                         Status dan Penerapan:
      Recommendation 21:                                                      Status and Implementation:

      Perusahaan terbuka memiliki kebijakan tentang pemenuhan                 Terpenuhi/Complied
      hak-hak kreditur.                                                       Kebijakan tentang pemenuhan hak-hak kreditur telah dimuat
                                                                              dalam Corporate Policy Manual dan Pedoman Perilaku
      Public company has a policy on fulfillment of creditor rights.          Perseroan. Kebijakan tersebut telah diungkapkan dalam situs
                                                                              web Perseroan.

                                                                              Policy on fulfillment of creditor rights is specified in the Corporate
                                                                              Policy Manual and the Company’s Code of Conduct. Such policy
                                                                              has been disclosed on the Company’s website.

      Rekomendasi 22:                                                         Status dan Penerapan:
      Recommendation 22:                                                      Status and Implementation:

      Perusahaan terbuka memiliki kebijakan WBS.                              Terpenuhi/Compiled
                                                                              Perseroan telah memiliki kebijakan WBS sebagaimana diuraikan
      Public companies has a WBS policy.                                      dalam pembahasan Tata Kelola Perusahaan ini dan diungkapkan
                                                                              dalam situs web Perseroan.

                                                                              The Company has a WBS policy as outlined in the discussion
                                                                              of this Corporate Governance and disclosed on the Company’s
                                                                              website.


                                                            Aspek 5: Keterbukaan Informasi
                                                            Aspect 5: Information Disclosure

      Prinsip 8: Meningkatkan Pelaksanaan Keterbukaan Informasi
      Principle 8: Increasing the Implementation of Information Disclosure

      Rekomendasi 23:                                                         Status dan Penerapan:
      Recommendation 23:                                                      Status and Implementation:

      Perusahaan terbuka memanfaatkan penggunaan teknologi                    Terpenuhi/Compiled
      informasi secara lebih luas selain situs web sebagai media              Perseroan telah memanfaatkan penggunaan teknologi
      keterbukaan informasi.                                                  informasi secara luas selain situs web Perseroan sebagai
                                                                              media keterbukaan informasi yaitu penyediaan fasilitas web
      Public company utilizes information technology more widely              conference atau telekonferensi untuk diakses oleh investor saat
      than websites as a channel for information disclosure.                  diadakannya investor gathering atau pertemuan dengan investor
                                                                              relations.

                                                                              The Company has utilized the wider use of information
                                                                              technology other than the Company’s website as a channel
                                                                              for information disclosure, i.e. making web conferences or
                                                                              teleconference facilities accessible to investors when holding
                                                                              investor gatherings or meetings with investor relations.

      Rekomendasi 24:                                                         Status dan Penerapan:
      Recommendation 24:                                                      Status and Implementation:

      Laporan Tahunan perusahaan terbuka mengungkapkan pemilik                Terpenuhi/Compiled
      manfaat akhir dalam kepemilikan saham perusahaan terbuka                Perseroan telah mengungkapkan pemilik manfaat pada situs
      paling sedikit 5%, selain pengungkapan pemilik manfaat                  web dan Laporan Tahunan ini.
      akhir dalam kepemilikan saham perusahaan terbuka melalui
      Pemegang Saham Utama dan Pengendali.                                    The Company has disclosed the beneficial owner in the website
                                                                              and in this Annual Report.
      The Annual Report of a public company discloses the ultimate
      beneficial owner in its share ownership of at least 5%, in addition
      to disclosing the ultimate beneficial owner in its share ownership
      through the Majority and Controlling Shareholders.




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        Analisis dan Pembahasan Manajemen             Tata Kelola Perusahaan             Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis            Corporate Governance               Environmental and Social Responsibility




Pernyataan dan Praktik Bad Corporate
Governance
Statement and Practices of Bad Corporate Governance


Sepanjang tahun 2025, Perseroan tidak menetapkan maupun                Throughout 2025, the Company neither established nor executed
menjalankan kebijakan atau tindakan yang dapat dikategorikan           any policies or actions that could be categorized as bad corporate
sebagai praktik bad corporate governance. Hal tersebut sejalan         governance practices. This is in line with the Company’s
dengan komitmen Perseroan dalam menerapkan prinsip GCG,                commitment to implementing GCG principles, as reflected in the
sebagaimana tercermin dalam informasi yang disajikan pada              information presented in the table below:
tabel di bawah ini:


                                                        Uraian                                                               Praktik
                                                      Description                                                            Practice

Adanya laporan sebagai perusahaan yang mencemari lingkungan.                                                                     X
There is a report stating that the company pollutes the environment.

Perkara penting yang sedang dihadapi oleh Perseroan, Entitas Anak, anggota Direksi dan/atau anggota Dewan Komisaris              X
yang sedang menjabat tidak diungkapkan dalam Laporan Tahunan.
Legal cases faced by the Company, its Subsidiaries, its members of the Board of Directors and/or members of the Board
of Commissioners currently serving the Company are not disclosed in the Annual Report.

Ketidakpatuhan dalam pemenuhan kewajiban perpajakan.                                                                             X
Non-compliance in fulfilling tax obligations.

Ketidaksesuaian penyajian Laporan Tahunan dan Laporan Keuangan dengan peraturan yang berlaku dan Standar                         X
Akuntansi Keuangan.
The presentation of the Annual Report and Financial Statements are inconsistent with the applicable regulations and the
Financial Accounting Standards.

Kasus terkait buruh dan karyawan.                                                                                                X
Labor and employee related cases.

Tidak terdapat pengungkapan segmen operasi pada perusahaan terbuka.                                                              X
No disclosure of operating segments in public companies.

Terdapat ketidaksesuaian antara Laporan Tahunan hard copy dengan Laporan Tahunan soft copy.                                      X
Inconsistency between the hard copy of Annual Report and the soft copy of the Annual Report.




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              Pengantar            Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




      Tanggung Jawab
      Sosial dan
      Lingkungan Hidup
      Social and Environmental
      Responsibility


                             Perseroan berkomitmen
                             menghadirkan praktik bisnis
                             yang ramah lingkungan
                             melalui pengelolaan dampak
                             operasional dan siklus hidup
                             produk secara bertanggung
                             jawab.

                             The Company is committed to
                             implementing environmentally friendly
                             business practices through the
                             responsible management of operational
                             impacts and product life cycles.




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Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan   Tanggung Jawab Sosial dan Lingkungan Hidup
Management Discussion and Analysis   Corporate Governance     Environmental and Social Responsibility




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              Pengantar            Ikhtisar Kinerja            Laporan Manajemen          Profil Perusahaan        Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights      Management Report          Company Profile          Business Support Overview




      Tanggung Jawab Sosial dan Lingkungan Hidup
      Social and Environmental Responsibility


      Dalam     menghadapi      tantangan     keberlanjutan   global,    In facing global sustainability challenges, particularly climate
      khususnya perubahan iklim, Perseroan mengambil langkah             change, the Company has taken proactive, structured, and
      proaktif yang terstruktur dan strategis. Sejak 2021, Perseroan     strategic measures. Since 2021, the Company has implemented
      mengimplementasikan       strategi   #Smart&Embrace,      yang     the #Smart&Embrace strategy, which reinforces its determination
      menegaskan tekad untuk mendorong pertumbuhan bisnis                to drive responsible business growth while integrating
      secara bertanggung jawab sambil mengintegrasikan prinsip           sustainability principles into all operational processes.
      keberlanjutan ke dalam seluruh proses operasional.


      Strategi ini selaras dengan Tujuan Pembangunan Berkelanjutan       This strategy is aligned with the 2030 Sustainable Development
      (TPB) 2030, di mana Perseroan secara sistematis                    Goals (SDGs), whereby the Company systematically identifies
      mengidentifikasi dan memetakan sasaran yang relevan untuk          and maps relevant targets to maximize its positive contributions
      memaksimalkan kontribusi positifnya terhadap lingkungan dan        to the environment and society. Through this approach, the
      masyarakat. Dengan pendekatan ini, Perseroan tidak hanya           Company not only manages risks arising from the evolving
      mengelola risiko yang muncul dari dinamika lingkungan bisnis,      business environment, but also creates opportunities to deliver
      tetapi juga membuka peluang untuk menciptakan manfaat nyata        tangible benefits for stakeholders.
      bagi para pemangku kepentingan.




                                        Smart Mobility to Embrace a Better Environment

      Perseroan berkomitmen menerapkan praktik bisnis yang ramah         The Company is committed to implementing environmentally
      lingkungan melalui pengelolaan dampak operasional dan siklus       friendly business practices through the responsible management
      hidup produk secara bertanggung jawab. Langkah-langkah ini         of operational impacts and product life cycles. These measures
      mencakup:                                                          include:
      › Mengintegrasikan metode produksi dan operasional yang            › Integrating sustainable production and operational methods,
          berkelanjutan,
      › Meminimalkan konsumsi sumber daya alam,                          ›   Minimizing the use of natural resources,
      › Mengurangi limbah dan emisi, sehingga seluruh aktivitas          ›   Reducing waste and emissions to ensure all business
          bisnis sejalan dengan tujuan kelestarian lingkungan.               activities align with environmental sustainability goals.


      Selain itu, Perseroan aktif mendukung mitigasi perubahan iklim     In addition, the Company actively supports climate change
      melalui adopsi praktik industri terdepan yang berfokus pada        mitigation through the adoption of leading industry practices
      keberlanjutan jangka panjang. Dengan menginternalisasi prinsip-    focused on long-term sustainability. By internalizing these
      prinsip ini dalam kegiatan sehari-hari, Perseroan berupaya         principles in its daily operations, the Company strives to
      menyeimbangkan pertumbuhan ekonomi dengan tanggung                 balance economic growth with ecological responsibility, while
      jawab ekologis, sekaligus memastikan kelestarian sumber daya       safeguarding natural resources for future generations.
      bagi generasi mendatang.




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220   Laporan Tahunan 2025
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        Analisis dan Pembahasan Manajemen           Tata Kelola Perusahaan            Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis          Corporate Governance              Environmental and Social Responsibility




                              Smart Mobility to Embrace Sustainable Business

Perseroan menempatkan diri sebagai pelopor dalam praktik            The Company positions itself as a pioneer in sustainable business
bisnis berkelanjutan, menggabungkan inovasi teknologi dan           practices, integrating technological innovation and operational
efisiensi operasional untuk menciptakan solusi transportasi         efficiency to deliver adaptive and relevant transportation
yang adaptif dan relevan bagi masyarakat di berbagai wilayah        solutions for communities in its various areas of operation. This
operasionalnya. Pendekatan ini mencerminkan keyakinan               approach reflects the Company's conviction that sustainable
Perseroan bahwa pertumbuhan bisnis yang berkelanjutan               business growth must be aligned with social and environmental
harus selaras dengan kebutuhan sosial dan lingkungan, serta         needs, while remaining responsive to the evolving dynamics of
mampu menghadapi dinamika industri transportasi yang terus          the transportation industry.
berkembang.


Melalui strategi Smart Mobility, Perseroan tidak hanya              Through its Smart Mobility strategy, the Company not only
memperkuat citra dan reputasinya sebagai pemimpin dalam             strengthens its image and reputation as a leader in smart
mobilitas cerdas, tetapi juga membangun fondasi untuk               mobility, but also lays a foundation for the long-term operational
kelangsungan operasional jangka panjang Grup MPM. Praktik           sustainability of the MPM Group. These responsible business
bisnis yang bertanggung jawab ini menjadikan keberlanjutan          practices embed sustainability as an integral part of the
sebagai bagian integral dari nilai inti perusahaan, memastikan      Company's core values, ensuring that every innovation and
setiap inovasi dan keputusan strategis mendukung pertumbuhan        strategic decision supports resilient growth, resource efficiency,
yang tahan lama, efisiensi sumber daya, dan manfaat sosial-         and socio-economic benefits for stakeholders.
ekonomi bagi pemangku kepentingan.


Dengan pendekatan ini, Perseroan menunjukkan bahwa inovasi,         Through this approach, the Company demonstrates that
keberlanjutan, dan tanggung jawab sosial dapat berjalan             innovation, sustainability, and social responsibility can advance
beriringan, memperkuat posisi Perseroan sebagai standar bagi        in tandem, reinforcing its position as an industry benchmark
industri dan pelopor dalam solusi transportasi masa depan yang      and a pioneer in future-ready, environmentally conscious
cerdas dan berwawasan lingkungan.                                   transportation solutions.




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              Pengantar            Ikhtisar Kinerja            Laporan Manajemen         Profil Perusahaan         Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights      Management Report         Company Profile           Business Support Overview




                                        Smart Mobility to Embrace Employee Well-Being

      Lebih dari sekadar tempat bekerja, Perseroan berkomitmen           More than just a place of work, the Company is dedicated
      menciptakan lingkungan kerja yang aman dan dinamis yang            to building a safe and dynamic environment that nurtures
      mendorong pertumbuhan pribadi serta profesional. Melalui           personal and professional development. By fostering a culture
      budaya yang memberdayakan, Perseroan memfasilitasi                 of empowerment, we facilitate our employees in delivering
      setiap karyawan untuk memberikan kontribusi bermakna bagi          meaningful impact to both the organization and the wider
      organisasi maupun komunitas yang lebih luas.                       community.


      Melalui berbagai inisiatif pengembangan diri, program              Through various self-development initiatives, empowerment
      pemberdayaan, dan peluang keterlibatan sosial, Perseroan           programs, and opportunities for social engagement, the
      mendorong karyawan untuk tumbuh sejalan dengan nilai-nilai         Company encourages employees to grow in alignment with
      inti perusahaan. Pendekatan ini menekankan inklusivitas, tujuan    its core values. This approach emphasizes inclusivity, shared
      bersama, dan pengakuan atas kontribusi individu, sehingga          purpose, and recognition of individual contributions, ensuring
      setiap karyawan merasa dihargai, termotivasi, dan terinspirasi     that every employee feels valued, motivated, and inspired to
      untuk memberikan dampak positif.                                   make a positive impact.


      Dengan menumbuhkan budaya kerja yang berorientasi pada             By fostering a value and purpose-driven workplace culture, the
      nilai dan tujuan, Perseroan memperkuat loyalitas dan komitmen      Company strengthens employee loyalty and commitment, while
      karyawan, sekaligus menumbuhkan rasa bangga dan kepemilikan        fostering a sense of pride and ownership in their roles. This
      terhadap peran mereka. Strategi ini memastikan bahwa karyawan      strategy ensures that employees do not merely work, but thrive
      tidak hanya bekerja, tetapi berkembang dalam lingkungan yang       in an environment that promotes well-being, innovation, and the
      memupuk kesejahteraan, inovasi, dan keberlanjutan jangka           Company’s long-term sustainability.
      panjang Perseroan.




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        Analisis dan Pembahasan Manajemen            Tata Kelola Perusahaan           Tanggung Jawab Sosial dan Lingkungan Hidup
        Management Discussion and Analysis           Corporate Governance             Environmental and Social Responsibility




                             Smart Mobility to Embrace Community Well-Being

Perseroan berkomitmen untuk memberikan dampak positif                The Company is committed to deliver a positive impact not only
tidak hanya di lingkungan internal, tetapi juga pada masyarakat      within its internal environment, but also across the broader
luas. Dengan mendorong pertumbuhan, pemberdayaan, dan                community. By fostering growth, empowerment, and meaningful
keterlibatan yang bermakna, Perseroan berupaya membangun             engagement, the Company seeks to cultivate a culture that
budaya yang berorientasi pada tujuan dan nilai-nilai yang            is oriented toward purpose and values that inspire social
menginspirasi kontribusi sosial, baik dari karyawan maupun           contributions, from both employees and related parties.
pihak-pihak terkait.


Meningkatkan kesejahteraan komunitas memerlukan inisiatif            Enhancing community well-being requires strategic and impactful
yang strategis dan berdampak nyata, mencakup bidang-bidang           initiatives across key areas such as education, health, economic
penting seperti pendidikan, kesehatan, peluang ekonomi,              opportunities, and social development. The Company designs
dan pembangunan sosial. Perseroan merancang program-                 programs that ensure sustainable progress while improving the
program yang memastikan kemajuan yang berkelanjutan                  quality of life for communities within its operational areas.
sekaligus meningkatkan kualitas hidup masyarakat di wilayah
operasionalnya.


Uraian yang lebih komprehensif mengenai seluruh inisiatif            A comprehensive overview of the Company’s social and
tanggung jawab sosial dan lingkungan Perseroan tersedia dalam        environmental responsibility initiatives is available in the
Laporan Keberlanjutan 2025 Perseroan, yang memaparkan                2025 Sustainability Report of the Company, which details the
komitmen serta langkah Perseroan dalam mendukung                     Company’s commitments and actions to support community
kesejahteraan masyarakat dan kelestarian lingkungan.                 well-being and environmental preservation.




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              Pengantar            Ikhtisar Kinerja         Laporan Manajemen   Profil Perusahaan   Tinjauan Pendukung Bisnis
              Introduction         Performance Highlights   Management Report   Company Profile     Business Support Overview




      Laporan Keuangan
      Financial Statement




      PT Mitra Pinasthika Mustika Tbk
224   Laporan Tahunan 2025
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Analisis dan Pembahasan Manajemen    Tata Kelola Perusahaan   Tanggung Jawab Sosial dan Lingkungan Hidup
Management Discussion and Analysis   Corporate Governance     Environmental and Social Responsibility




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Page 228

          
Page 229
               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES




DAFTAR ISI/CONTENTS                                                                                Halaman/Page



SURAT PERNYATAAN DIREKSI TENTANG TANGGUNG JAWAB/
  DIRECTORS’ STATEMENT OF RESPONSIBILITIES

LAPORAN POSISI KEUANGAN KONSOLIDASIAN
  TANGGAL 31 DESEMBER 2025 DAN 2024/
  CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
  AS OF 31 DECEMBER 2025 AND 2024 -----------------------------------------------------------              1-2

LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF
  LAIN KONSOLIDASIAN UNTUK TAHUN BERAKHIR
  31 DESEMBER 2025 DAN 2024/
  CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND
  OTHER COMPREHENSIVE INCOME FOR THE YEARS ENDED
  31 DECEMBER 2025 AND 2024 --------------------------------------------------------------------           3-4

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
  UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
  CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
  FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 -----------------------------------                        5-6

LAPORAN ARUS KAS KONSOLIDASIAN
  UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
  CONSOLIDATED STATEMENTS OF CASH FLOWS
  FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 -----------------------------------                           7

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
  UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
  FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 -----------------------------------                       8 – 87

LAPORAN AUDITOR INDEPENDEN/
  INDEPENDENT AUDITORS’ REPORT
Page 230

          
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                      PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                        PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
           LAPORAN POSISI KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2025, 2024 DAN 2023/
           CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 31 DECEMBER 2025, 2024 AND 2023
               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                          31 Desember/            1 Januari/
                                            Catatan/        December               January
ASET                                         Notes     2025          2024*          2024*                               ASSETS

ASET LANCAR                                                                                                  CURRENT ASSETS
  Kas dan setara kas                           4       1.642.768      1.867.230     1.711.698         Cash and cash equivalents
  Piutang usaha                                5         180.510        170.466       178.713                  Trade receivables
  Piutang nonusaha                                        74.432         53.159        58.406             Non-trade receivables
  Aset kontrak reasuransi                     17         886.164        872.267       723.255        Reinsurance contract assets
  Persediaan                                  6          668.011        437.009       275.234                        Inventories
  Investasi di surat berharga                 7          633.988        928.214       902.326            Investment in securities
  Pajak pertambahan nilai dibayar di muka                    109            126           141           Prepaid value added tax
  Pembayaran di muka lainnya                              98.710        116.991       110.175                Other prepayments
JUMLAH ASET LANCAR                                     4.184.692      4.445.462     3.959.948        TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                                                     NON-CURRENT ASSETS
  Aset tetap, neto                            11         834.225        847.403       869.496                  Fixed assets, net
  Aset hak-guna, neto                                     32.374         18.379        18.281           Right-of-use assets, net
  Deposit jaminan                             10       1.079.318      1.032.863       984.896               Guarantee deposits
  Investasi di surat berharga                 7          508.852        275.297       258.601           Investment in securities
  Klaim pengembalian pajak                                31.452         24.242        20.969             Claims for tax refund
  Aset pajak tangguhan                        8f          89.503         94.365        93.781               Deferred tax assets
  Aset takberwujud                            12          85.001        102.438        99.482                 Intangible assets
  Investasi pada entitas asosiasi             9        1.680.827      1.838.116     1.906.883         Investments in associates
  Aset tidak lancar lainnya                                8.372         12.377         4.942         Other non-current assets
JUMLAH ASET TIDAK LANCAR                               4.349.924      4.245.480     4.257.331   TOTAL NON-CURRENT ASSETS

JUMLAH ASET                                            8.534.616      8.690.942     8.217.279                   TOTAL ASSETS




*Disajikan kembali (lihat Catatan 34)                                                               *As restated (see Note 34)
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang            See Notes to the Consolidated Financial Statements, which
merupakan bagian tidak terpisahkan dari laporan                    form an integral part of these consolidated financial
keuangan konsolidasian ini.                                        statements.



                                                                                                                             1
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                       PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                         PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
     LAPORAN POSISI KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2025, 2024 DAN 2023 (Lanjutan)/
    CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 31 DECEMBER 2025, 2024 AND 2023 (Continued)
            (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                         31 Desember/          1 Januari/
                                            Catatan/       December             January
LIABILITAS DAN EKUITAS                       Notes      2025      2024*          2024*                  LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                      CURRENT LIABILITIES

  Utang bank jangka pendek                    13         205.143      10.191        7.428                       Short-term bank loans
  Utang usaha                                 14         680.055     898.178      654.508                               Trade payables
  Utang pajak penghasilan                     8a          13.275      22.632       17.575                          Income tax payables
  Utang pajak lainnya                         8b          56.889      39.254       44.444                            Other tax payables
  Utang lainnya                               15         127.402     153.043      116.225                                Other payables
  Liabilitas kontrak asuransi                 17       1.221.432   1.311.011    1.153.314                Insurance contract liabilities
  Pendapatan ditangguhkan                                  6.560       7.722        3.607                            Unearned revenue
  Beban akrual                                16         171.147     169.532      206.304                             Accrued expenses
  Liabilitas sewa – bagian jangka pendek                   3.886       3.314        5.000            Lease liabilities – current portion
JUMLAH LIABILITAS JANGKA
  PENDEK                                               2.485.789   2.614.877    2.208.405            TOTAL CURRENT LIABILITIES

LIABILITAS JANGKA PANJANG                                                                               NON-CURRENT LIABILITIES

  Pendapatan ditangguhkan                                 2.801       1.590         4.058                             Unearned revenue
  Liabilitas pajak tangguhan                  8f          8.860       8.409         5.445                         Deferred tax liabilities
  Liabilitas opsi jual                        19              -         170         8.138                             Put option liability
  Liabilitas imbalan kerja                    18         42.894      35.589        37.225                  Employee benefits liabilities
  Liabilitas sewa – bagian jangka panjang                11.860           -         3.294        Lease liabilities – non-current portion
JUMLAH LIABILITAS JANGKA                                                                                        TOTAL NON-CURRENT
  PANJANG                                                66.415      45.758        58.160                               LIABILITIES

JUMLAH LIABILITAS                                      2.552.204   2.660.635    2.266.565                         TOTAL LIABILITIES

EKUITAS                                                                                                                         EQUITY

                                                                                                          Share capital at par value of
  Modal saham dengan nilai nominal Rp 500                                                       Rp 500 (in whole Rupiah) per share:
    (dalam Rupiah penuh) per saham:                                                                              Authorized capital -
    Modal dasar - 10.000.000.000 saham                                                                     10,000,000,000 shares
    Modal ditempatkan dan disetor -                                                                     Issued and paid-up capital -
      4.386.963.276 saham pada tanggal                                                                 4,386,963,276 shares as of
      31 Desember 2025 dan 4.462.963.276                                                     31 December 2025 and 4,462,963,276
      saham pada tanggal 31 Desember 2024     20a      2.193.482 2.231.482      2.231.482          shares as of 31 December 2024
  Tambahan modal disetor                       21      1.466.922 1.498.076      1.500.259                    Additional paid-in capital
  Saham tresuri                               20d         (6.556)  (81.558)       (88.887)                              Treasury stocks
  Komponen ekuitas lainnya                     28       (433.506) (448.482)      (451.546)                    Other equity components
  Saldo laba:                                                                                                       Retained earnings:
    Telah ditentukan penggunaannya                       155.298     145.298      135.298                               Appropriated
    Belum ditentukan penggunaannya                     2.606.711   2.685.432    2.624.055                             Unappropriated
  Ekuitas yang dapat diatribusikan kepada                                                              Equity attributable to owners of
    pemilik entitas induk                              5.982.351   6.030.248    5.950.661                              the Company
  Kepentingan nonpengendali                                   61          59           53                     Non-controlling interests
JUMLAH EKUITAS                                         5.982.412   6.030.307    5.950.714                              TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS                          8.534.616   8.690.942    8.217.279         TOTAL LIABILITIES AND EQUITY




*Disajikan kembali (lihat Catatan 34)                                                                      *As restated (see Note 34)
Lihat Catatan atas Laporan Keuangan Konsolidasian, yang             See Notes to the Consolidated Financial Statements, which form
merupakan bagian tidak terpisahkan dari laporan                     an integral part of these consolidated financial statements.
keuangan konsolidasian ini.



                                                                                                                                       2
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                        PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                          PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                  LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
                                  FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                              Tahun berakhir 31 Desember/
                                                   Catatan/     Year ended 31 December
                                                    Notes       2025             2024*
OPERASI YANG DILANJUTKAN                                                                              CONTINUING OPERATIONS
Pendapatan neto                                      22        16.152.176       16.385.270)                        Net revenues
Biaya pokok pendapatan                               23       (14.791.090)     (15.046.730)                     Cost of revenues

LABA BRUTO                                                      1.361.086        1.338.540)                          GROSS PROFIT

Beban usaha                                          24          (938.818)        (908.917)                        Operating expenses
Pendapatan lainnya                                   25           271.158          275.225)                             Other income
Beban lainnya                                                     (19.251)         (14.641)                           Other expenses

LABA USAHA                                                        674.175          690.207)                   OPERATING PROFIT

Pendapatan keuangan                                               141.330          149.131)                        Finance income
Biaya keuangan                                                    (53.316)         (51.998)                          Finance costs
PENDAPATAN KEUANGAN NETO                                           88.014           97.133)                NET FINANCE INCOME

Bagian atas rugi entitas asosiasi                     9          (156.206)         (74.971)                 Share of loss of associates

LABA SEBELUM PAJAK                                                605.983          712.369)                  PROFIT BEFORE TAX

Beban pajak penghasilan                             8c,8d        (146.362)        (142.313)                        Income tax expense

LABA NETO DARI OPERASI YANG                                                                                NET PROFIT FROM
 DILANJUTKAN                                                      459.621          570.056)       CONTINUING OPERATIONS

LABA NETO DARI OPERASI YANG                                                                               NET PROFIT FROM
  DIHENTIKAN                                         30             2.296)           2.233)    DISCONTINUED OPERATIONS

LABA TAHUN BERJALAN                                               461.917)         572.289)                PROFIT FOR THE YEAR

PENGHASILAN KOMPREHENSIF LAIN,                                                                           OTHER COMPREHENSIVE
 SETELAH PAJAK PENGHASILAN:                                                                     INCOME, NET OF INCOME TAX:
 Pos yang tidak akan direklasifikasi ke                                                           Item that will not be reclassified to
   laba rugi                                                                                                             profit or loss
   Pengukuran kembali program                                                                           Remeasurements of defined
     imbalan pasti                                                 (6.354)           2.149)                         benefit liability
   Pengukuran kembali program imbalan pasti                                                     Remeasurements of defined benefit
     dari entitas asosiasi                                          1.317               (8)               liability from associates
 Pos-pos yang akan direklasifikasi ke                                                                Items that will be reclassified to
   laba rugi                                                                                                             profit or loss
   Perubahan nilai wajar neto dari lindung nilai                                                        Net changes in fair value of
     atas arus kas dari entitas asosiasi             28            (2.400)           6.212)    cash flows hedges from associate
   Perubahan nilai wajar aset diukur pada nilai                                                  Net changes in fair value of assets
     wajar melalui penghasilan komprehensif                                                       measured at fair value through
     lain                                                          15.015)          (2.425)            other comprehensive income
 Jumlah penghasilan komprehensif lain,                                                           Total other comprehensive income,
   setelah pajak penghasilan                                        7.578            5.928)                         net of income tax

JUMLAH PENGHASILAN KOMPREHENSIF                                   469.495          578.217      TOTAL COMPREHENSIVE INCOME



*Disajikan kembali (lihat Catatan 34)                                                                    *As restated (see Note 34)

Lihat Catatan atas Laporan Keuangan Konsolidasian, yang               See Notes to the Consolidated Financial Statements, which
merupakan bagian tidak terpisahkan dari laporan                       form an integral part of these consolidated financial
keuangan konsolidasian ini.                                           statements.

                                                                                                                                     3
Page 234
                    PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                      PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
               LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN
                       UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
             CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
                          FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
              (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                        Tahun berakhir 31 Desember/
                                         Catatan/          Year ended 31 December
                                          Notes           2025               2024*

LABA YANG DAPAT DIATRIBUSIKAN
 KEPADA:                                                                                          PROFIT ATTRIBUTABLE TO:
 Pemilik entitas induk                                       461.895            572.267                Owners of the Company
 Kepentingan nonpengendali                                        22                 22               Non-controlling interests
                                                             461.917            572.289

JUMLAH PENGHASILAN
  KOMPREHENSIF YANG DAPAT                                                                           TOTAL COMPREHENSIVE
  DIATRIBUSIKAN KEPADA:                                                                         INCOME ATTRIBUTABLE TO:
  Pemilik entitas induk                                      469.473            578.195                Owners of the Company
  Kepentingan nonpengendali                                       22                 22               Non-controlling interests
                                                             469.495            578.217

LABA PER SAHAM DASAR                                                                             BASIC EARNINGS PER SHARE
 (DALAM RUPIAH PENUH)                       27                   105                  131               (IN WHOLE RUPIAH)

LABA PER SAHAM DASAR                                                                            BASIC EARNINGS PER SHARE
 DARI OPERASI YANG DILANJUTKAN                                                              FROM CONTINUING OPERATIONS
 (DALAM RUPIAH PENUH)                       27                   105                  130             (IN WHOLE RUPIAH)




*Disajikan kembali (lihat Catatan 34)                                                                *As restated (see Note 34)

Lihat Catatan atas Laporan Keuangan Konsolidasian, yang         See Notes to the Consolidated Financial Statements, which form
merupakan bagian tidak terpisahkan dari laporan                 an integral part of these consolidated financial statements.
keuangan konsolidasian ini.



                                                                                                                             4
Page 235
                                                                         PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                           PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                    LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                                     CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                                                              (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


                                                                          Diatribusikan kepada pemilik entitas induk/Attributable to owners of the Company
                                                                                                                             Saldo laba/Retained earnings
                                                                           Tambahan         Saham        Komponen               Telah             Belum                         Kepentingan
                                                             Modal saham/ modal disetor/   tresuri/    ekuitas lainnya/      ditentukan         ditentukan                     nonpengendali/       Jumlah
                                                 Catatan/       Share      Additional      Treasury      Other equity     penggunaannya/ penggunaannya/          Jumlah/       Non-controlling      ekuitas/
                                                  Notes        Capital    paid-in capital   stocks       components         Appropriated     Unappropriated       Total           interests        Total equity

Saldo per 31 Desember 2023                                       2.231.482      1.500.259       (88.887)       (452.823)          135.298         2.786.531       6.111.860                 53       6.111.913                 Balance as of 31 December 2023
Dampak penerapan awal PSAK 117                                           -              -)            -           1.277)                -          (162.476)       (161.199)                 -        (161.199)        Effect on initial application of PSAK 117
Disajikan kembali saldo per 1 Januari 2024                       2.231.482      1.500.259       (88.887)       (451.546)          135.298         2.624.055       5.950.661                 53       5.950.714           Restated balance as of 1 January 2024

Laba tahun berjalan                                                      -              -)            -               -                 -           572.267        572.267                  22         572.289                               Profit for the years
Penghasilan komprehensif lain, setelah                                                                                                                                                                                      Other comprehensive income, net of
  pajak penghasilan                                                      -              -)           -            3.787)                -             2.141)          5.928                   -          5.928)                                    income tax
Kompensasi berbasis saham                          18                    -              -)           -            1.527)                -                 -           1.527)                  -          1.527)                      Share-based compensation
Saham tresuri                                      20d                   -         (2.183)       7.329                -)                -                 -           5.146)                  -          5.146)                                  Treasury stocks
Dividen tunai                                      20e                   -              -)           -                -                 -          (503.031)       (503.031)                (16)      (503.047)                               Dividend payment
Saldo laba telah ditentukan penggunaannya          20b                   -              -)           -                -            10.000           (10.000)              -)                  -              -)                  Appropriated retained earnings
Opsi jual atas bagian kepemilikan                                                                                                                                                                                        Put option on non-controlling interest’s
  nonpengendalian pada entitas anak                                      -              -)           -            (3.282)               -                 -          (3.282)                 -          (3.282)                          share in subsidiaries s
Lainnya                                                                  -              -)           -             1.032)               -                 -           1.032)                 -           1.032)                                            Other
Disajikan kembali saldo per 31 Desember 2024                     2.231.482      1.498.076)     (81.558)         (448.482)         145.298         2.685.432       6.030.248                 59       6.030.307        Restated balance as of 31 December 2024




Lihat Catatan atas Laporan Keuangan          Konsolidasian, yang merupakan bagian tidak terpisahkan dari laporan keuangan        See Notes to the Consolidated Financial Statements, which form an integral part of these consolidated financial statements.
konsolidasian ini.



                                                                                                                                                                                                                                                    5
Page 236
                                                                        PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                          PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                               LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                                CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                                                            (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)




                                                                         Diatribusikan kepada pemilik entitas induk/Attributable to owners of the Company
                                                                                                                             Saldo laba/Retained earnings
                                                                          Tambahan         Saham         Komponen              Telah              Belum                         Kepentingan
                                                            Modal saham/ modal disetor/    tresuri/    ekuitas lainnya/     ditentukan          ditentukan                     nonpengendali/      Jumlah
                                                 Catatan/      Share      Additional      Treasury       Other equity     penggunaannya/ penggunaannya/          Jumlah/       Non-controlling     ekuitas/
                                                  Notes        capital   paid-in capital    stocks       components        Appropriated      Unappropriated       Total           interests       Total equity

Disajikan kembali saldo per 31 Desember 2024                    2.231.482      1.498.076       (81.558)        (448.482)         145.298          2.685.432       6.030.248                59       6.030.307         Restated balance as of 31 December 2024

Laba tahun berjalan                                                      -             -)            -                -                 -           461.895        461.895                 22         461.917                               Profit for the years
Penghasilan komprehensif lain, setelah                                                                                                                                                                                     Other comprehensive income, net of
  pajak penghasilan                                                      -             -)            -           12.615)               -             (5.037)          7.578                  -          7.578                                     income tax
Kompensasi berbasis saham                          18                    -             -)            -            2.403)               -                  -           2.403)                 -          2.403)                      Share-based compensation
Saham tresuri                                      20d            (38.000)       (31.154)       75.002                -)               -                  -           5.848)                 -          5.848)                                  Treasury stocks
Dividen tunai                                      20e                   -             -)            -                -)               -           (525.579)       (525.579)               (20)      (525.599)                               Dividend payment
Saldo laba telah ditentukan penggunaannya          20b                   -             -             -                -)          10.000            (10.000)              -)                 -              -)                  Appropriated retained earnings
Opsi jual atas bagian kepemilikan                                                                                                                                                                                       Put option on non-controlling interest’s
  nonpengendalian pada entitas anak                                      -             -             -              (42)                -                  -)           (42)                 -             (42)                         share in subsidiaries s
Saldo per 31 Desember 2025                                      2.193.482      1.466.922        (6.556)        (433.506)         155.298          2.606.711       5.982.351                61       5.982.412                  Balance as of 31 December 2025




Lihat Catatan atas Laporan Keuangan Konsolidasian, yang merupakan bagian tidak terpisahkan dari laporan keuangan                 See Notes to the Consolidated Financial Statements, which form an integral part of these consolidated financial statements.
konsolidasian ini.



                                                                                                                                                                                                                                                   6
Page 237
                       PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                         PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                           LAPORAN ARUS KAS KONSOLIDASIAN
                                 UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                    FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                        Tahun berakhir 31 Desember/
                                                          Year ended 31 December
                                                         2025                2024*

ARUS KAS DARI                                                                                                     CASH FLOWS FROM
 AKTIVITAS OPERASI                                                                                        OPERATING ACTIVITIES
 Penerimaan dari pelanggan                                15.988.450)          16.530.416)                     Receipts from customers
 Pembayaran ke pemasok                                   (15.211.250)         (15.076.980)                       Payments to suppliers
 Pembayaran untuk aktivitas operasi lainnya                 (297.485)            (285.618)       Payments for other operating activities
 Pembayaran ke karyawan                                     (339.945)            (399.573)                      Payments to employees
 Penerimaan bunga                                            100.969)             116.218)                          Receipts of interest
 Pembayaran bunga                                             (1.263)              (1.046)                         Payments of interest
 Pembayaran pajak penghasilan                               (168.171)            (148.551)                     Payments of income tax
 Pengembalian kelebihan pajak penghasilan                     11.229                9.842)          Refund of income tax overpayment
 Kas neto dari aktivitas operasi                              82.534)             744.708           Net cash from operating activities

ARUS KAS DARI                                                                                                       CASH FLOWS FROM
 AKTIVITAS INVESTASI                                                                                         INVESTING ACTIVITIES
 Penerimaan dari pelepasan surat berharga                  1.487.020)             420.265         Proceeds from redemption of securities
 Penerimaan dari penjualan aset tetap                          4.133)               2.001              Proceeds from sales of fixed assets
 Pembelian saham pada entitas anak                                 -)             (11.249)                Purchase of share in subsidiary
 Uang muka pembelian aset tetap                                  (19)              (5.556)          Advances for purchases of fixed assets
 Perolehan aset tetap, aset takberwujud lainnya dan                                          Acquisition of fixed assets, other intangible
   aset tidak lancar lainnya                                 (63.979)             (70.664)       assets and other non-current assets
 Perolehan surat berharga                                 (1.413.153)            (442.597)                         Acquisition of securities
 Kas neto dari (digunakan untuk) aktivitas                                                            Net cash from (used) in investing
   investasi                                                  14.002)            (107.800)                                     activities

ARUS KAS DARI                                                                                                     CASH FLOWS FROM
 AKTIVITAS PENDANAAN                                                                                       FINANCING ACTIVITIES
 Penerimaan dari utang bank jangka pendek                    795.954)             578.459)         Proceeds from short-term bank loans
 Pembayaran utang bank jangka pendek                        (601.078)            (575.696)         Repayments of short-term bank loans
 Pembayaran liabilitas sewa                                   (5.599)              (5.386)                 Payments of lease liabilities
 Pembayaran deviden                                         (525.579)            (503.031)                            Dividend payment
 Lainnya                                                         (20)                 (16)                                      Others
  Kas neto digunakan untuk aktivitas pendanaan              (336.322)            (505.670)         Net cash used in financing activities
(Penurunan) kenaikan neto                                                                                        Net (decrease) increase in
  kas dan setara kas                                        (239.786)             131.238)                    cash and cash equivalents
Pengaruh fluktuasi nilai tukar mata uang terhadap                                             Effect of currency exchange rate fluctuations
  kas dan setara kas                                          15.324)              24.294)                  on cash and cash equivalents
Kas dan setara kas, awal tahun                             1.867.230)           1.711.698    Cash and cash equivalents, beginning of year
Kas dan setara kas, akhir tahun                            1.642.768)           1.867.230)         Cash and cash equivalents, end of year




*Disajikan kembali (lihat Catatan 34)                                                                       *As restated (see Note 34)

Lihat Catatan atas Laporan Keuangan Konsolidasian, yang             See Notes to the Consolidated Financial Statements, which form
merupakan bagian tidak terpisahkan dari laporan                     an integral part of these consolidated financial statements.
keuangan konsolidasian ini.


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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                   FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

1. UMUM                                                                                                               1. GENERAL
  a.   Pendirian dan informasi umum                                   a.   Establishment and general information

       PT Mitra Pinasthika Mustika Tbk (“Perseroan”)                       PT Mitra Pinasthika Mustika Tbk (the “Company”) was
       didirikan berdasarkan akta notaris Ny. Rukmasanti                   established by deed of notary public Mrs. Rukmasanti
       Hardjasatya, SH., di Jakarta No. 2 tanggal 2 November               Hardjasatya, SH., Jakarta No. 2 dated 2 November 1987
       1987 dan diubah dengan akta No. 6 tanggal 1 Juli                    and amended with deed No. 6 dated 1 July 1988; these
       1988; akta-akta ini disetujui berdasarkan keputusan                 deeds were approved by Decree of Minister of Justice
       Menteri Kehakiman No. C2-7013.HT.01.01 Th 88                        under No. C2-7013.HT.01.01 Th 88 dated 11 August 1988,
       tanggal 11 Agustus 1988, didaftarkan di Kepaniteraan                registered at the North Jakarta District Court under
       Pengadilan    Negeri       Jakarta    Utara    dengan               No. 241/Leg/1988 on 29 August 1988, and published in
       No. 241/Leg/1988 tanggal 29 Agustus 1988, dan                       Supplement No. 1025 to the State of Gazette No. 77 on
       diumumkan dalam Tambahan No. 1025 pada Berita                       23 September 1988.
       Negara No. 77 tanggal 23 September 1988.

       Anggaran Dasar Perseroan telah beberapa kali                        The Company’s Articles of Association have been
       mengalami perubahan, perubahan selanjutnya                          amended several times, further amendment was effected by
       dilakukan dengan akta notaris Jose Dima Satria, SH.,                deed of notary public Jose Dima Satria, SH., M.Kn., No.
       M.Kn., No. 17 tanggal 15 Februari 2013 antara lain                  17 dated 15 February 2013, concerning among others, the
       mengenai, perubahan status Perseroan dari semula                    change of the Company’s status from private company to
       perusahaan tertutup menjadi perusahaan terbuka,                     a public company, the change of the Company’s name to
       perubahan nama Perseroan menjadi PT Mitra                           PT Mitra Pinasthika Mustika Tbk, the increase of
       Pinasthika Mustika Tbk, peningkatan modal dasar                     authorized share capital stock to Rp 5,000,000, the change
       menjadi Rp 5.000.000, perubahan nilai nominal saham                 of the nominal value of shares from Rp 1,000,000 (whole
       dari sebesar Rp 1.000.000 (Rupiah penuh) menjadi                    Rupiah) to Rp 500 (whole Rupiah) per share, issuance of
       sebesar Rp 500 (Rupiah penuh), penerbitan saham baru                new common shares after the initial public offering to
       setelah penawaran umum perdana saham biasa untuk                    convertible bonds holders, and the changes in the
       pemegang obligasi konversi, dan perubahan Anggaran                  Company’s Articles of Association to comply with the
       Dasar Perseroan untuk disesuaikan dengan Peraturan                  Capital Market Regulation. The amendment was approved
       Pasar Modal. Perubahan tersebut telah disetujui oleh                by Decree of the Minister of Justice and Human Rights No.
       Menteri Hukum dan Hak Asasi Manusia                                 AHU-07271.AH.01.02. Tahun 2013 dated 19 February
       No. AHU-07271.AH.01.02. Tahun 2013 tanggal                          2013 and published in Supplement No. 80720 to the State
       19 Februari 2013 dan diumumkan dalam Tambahan                       of Gazette No.48 dated 14 June 2013.
       No. 80720 pada Berita Negara No. 48 tanggal 14 Juni
       2013.

       Perubahan terakhir dilakukan dengan akta notaris Jose               The latest amendment was stated by deed of notary public
       Dima Satria, SH., M.Kn., No. 179 tanggal 27 Mei 2025                Jose Dima Satria, SH., M.Kn., No. 179 dated 27 May 2025,
       mengenai pengalihan sebagian saham hasil pembelian                  concerning the transfer of a portion of the shares buyback
       kembali (saham treasuri) melalui pengurangan modal                  (treasury shares) through withdrawal by reducing the
       ditempatkan dan disetor Perseroan, yaitu sebanyak                   Company's issued and paid-up capital, amounting to
       76.000.000 saham, sehingga modal ditempatkan dan                    76,000,000 shares, whereby, the Company's issued and
       disetor Perseroan berubah dari 4.462.963.276 menjadi                paid-up capital was changed from 4,462,963,276 to
       4.386.963.276 saham. Perubahan tersebut telah                       4,386,963,276 shares. The amendment was approved the
       disetujui oleh Pemegang Saham Perseroan di dalam                    Company's Shareholders at the Annual General Meeting
       Rapat Umum Pemegang Saham (RUPS) Tahunan pada                       of Shareholders on 27 May 2025 and approved by Decree
       tanggal 27 Mei 2025 dan Menteri Hukum Republik                      of the Minister of Law of the Republic of Indonesia
       Indonesia No.AHU-0050149.AH.01.02.Tahun 2025                        No.AHU-0050149.AH.01.02.Tahun             2025       dated
       tanggal 30 Juli 2025.                                               30 July 2025.




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                  PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                      CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                 UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                       NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                    FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                       (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

1. UMUM (Lanjutan)                                                                                                                  1. GENERAL (Continued)

   a. Pendirian dan informasi umum (Lanjutan)                                          a. Establishment and general information (Continued)
        Perseroan bergerak dalam bidang, baik secara langsung                                The Company is engaged in, either directly or indirectly
        maupun tidak langsung melalui entitas anak, distribusi                               through its subsidiaries, distribution of two-wheel vehicles
        kendaraan bermotor roda dua dan suku cadang dengan                                   and spare parts under Honda brand in East Java and East
        merek Honda di wilayah Jawa Timur dan Nusa                                           Nusa Tenggara areas and general insurance. The Company
        Tenggara Timur dan asuransi umum. Perseroan                                          commenced its commercial operations in 1988.
        memulai operasi komersial sejak 1988.
        Kantor Perseroan beralamat di Menara Karya, lantai 17,                               The Company’s office is located at Menara Karya, 17th
        Jl. H.R. Rasuna Said Blok X-5 Kav. 1-2, Kuningan,                                    floor, Jl. H.R. Rasuna Said Block X-5. Kav 1-2, Kuningan,
        Jakarta 12950.                                                                       Jakarta 12950.
        Pemegang saham pengendali Perseroan, PT Saratoga                                     The Company’s controlling shareholder, PT Saratoga
        Investama Sedaya Tbk, memiliki entitas anak dan                                      Investama Sedaya Tbk, has subsidiaries and affiliates in
        afiliasi di Indonesia dan luar negeri.                                               Indonesia and overseas.
        Laporan keuangan konsolidasian disetujui untuk                                        The consolidated financial statements were approved for
        diterbitkan oleh Direksi pada tanggal 30 Maret 2026.                                  issuance by the Directors on 30 March 2026.
   b. Penawaran umum perdana saham                                                     b. Initial public offering of shares

        Pada tanggal 20 Mei 2013, Perseroan memperoleh                                       On 20 May 2013, the Company obtained Effective
        Surat Pernyataan Efektif No. S-136/D.04/2013 dari                                    Statement Letter No. S-136/D.04/2013 from the Financial
        Otoritas Jasa Keuangan (“OJK”) untuk melakukan                                       Services Authority of Indonesia (“OJK”) to conduct an
        penawaran umum perdana saham biasa atas nama                                         initial public offering (“IPO”) of 970,000,000 common
        sejumlah 970.000.000 saham dengan nilai nominal                                      shares with par value of Rp 500 (in whole Rupiah) per
        Rp 500 (dalam Rupiah penuh) per saham kepada                                         share through the Indonesia Stock Exchange (“BEI”). The
        masyarakat melalui Bursa Efek Indonesia (“BEI”).                                     shares were offered at a price of Rp 1,500 (in whole
        Saham tersebut ditawarkan dengan harga Rp 1.500                                      Rupiah) per share.
        (dalam Rupiah penuh) per saham.

   c.   Struktur Grup                                                                  c.     Group structure

        Perseroan memiliki kepemilikan secara langsung dan                                   The Company has direct and indirect ownerships in the
        tidak langsung di entitas anak berikut:                                              following subsidiaries:

                                                                         Tahun          Periode
                                                                       dimulainya   pelaporan dari
                                                                         operasi        laporan
                                                                       komersial/     keuangan/
                                                                         Year of      Reporting
                                                                      commencing       period of
           Entitas anak/             Domisili/      Jenis usaha/      commercial       financial        Persentase kepemilikan efektif/       Jumlah aset sebelum eliminasi/
            Subsidiary               Domicile    Nature of business    operations     statements       Percentage of effective ownership       Total assets before elimination
   Kepemilikan langsung/Direct ownership                                                              31 Desember/          31 Desember/     31 Desember/         31 Desember/
                                                                                                     December 2025        December 2024     December 2025        December 2024
   PT Mitra Pinasthika Mulia         Surabaya    Penjualan               2011       31 Desember/                99,99               99,99         2.726.478            2.684.793
      (“MP Mulia”)                               kendaraan roda dua                  December
                                                 dan komponen
                                                 pendukung/
                                                 Sales of two-wheel
                                                 vehicles and its
                                                 supporting
                                                 components




                                                                                                                                                                              9
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                      PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                       CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                  UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                        NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                     FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                        (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

1. UMUM (Lanjutan)                                                                                                                              1. GENERAL (Continued)
   c.    Struktur Grup (Lanjutan)                                                                   c. Group structure (Continued)

                                                                                         Tahun         Periode
                                                                                       dimulainya    pelaporan
                                                                                         operasi    dari laporan
                                                                                       komersial/    keuangan/
                                                                                         Year of     Reporting
                                                                                      commencing      period of
            Entitas anak/              Domisili/              Jenis usaha/            commercial      financial      Persentase kepemilikan efektif/         Jumlah aset sebelum eliminasi/
             Subsidiary                Domicile            Nature of business          operations    statements     Percentage of effective ownership        Total assets before elimination
   Kepemilikan langsung/Direct ownership                                                                            31 Desember/        31 Desember/        31 Desember/        31 Desember/
                                                                                                                   December 2025       December 2024       December 2025       December 2024
   PT Asuransi Mitra Pelindung             Jakarta      Asuransi umum/                   2012       31 Desember/             99,99               99,99          1.920.704            1.949.915
      Mustika (“AMPM”) –                                General insurance                            December
      disajikan kembali/as restated
   PT Armada Maha Karya                    Jakarta      Perdagangan umum dan             2017       31 Desember/            100,00              100,00                   -              1.671
      (“AMK”)3)                                         kendaraan bermotor                           December
                                                        dengan jual beli,
                                                        perdagangan dengan
                                                        menggunakan perangkat
                                                        lunak, aktivitas konsultasi
                                                        komputer dan manajemen
                                                        fasilitas komputer
                                                        lainnya/ General and
                                                        motor vehicles trading,
                                                        vehicles trading using
                                                        software, computer
                                                        consultant activities and
                                                        other computer facility
                                                        management
   PT Mitra Pinasthika Mustika           Tangerang      Penjualan kendaraan roda         2013       31 Desember/            100,00              100,00               8.817              7.739
      Auto (“MPM AUTO”)1)                               empat dan komponen                           December
                                                        pendukung/
                                                        Sales of four-wheel
                                                        vehicles and its
                                                        supporting components
   PT Putra Mustika Prima                Tangerang     Distribusi minyak                 2016       31 Desember/            100,00              100,00              13.603             13.010
      (“PMP”)2)                                        pelumas/Distribution of oil                   December
                                                       lubricant
   Kepemilikan tidak langsung melalui/Indirect ownership through MP Mulia
   PT Mitra Pertama Mulia                Surabaya      Perdagangan suku cadang           2022       31 Desember/            100,00              100,00              29.834             26.395
      (“ERRO”)                                         dan aksesori mobil dan                        December
                                                       motor; reparasi mobil dan
                                                       perawatan motor/Vehicles
                                                       and motorcycles
                                                       spareparts and
                                                       accessories trading;
                                                       vehicles reparation and
                                                       motorcycle maintenance

        1)      Di tahun 2018, operasi dihentikan.                                                      1)     In 2018, the operation was discontinued.
        2)      Di tahun 2024, proses likuidasi sedang berlangsung                                      2)     In 2024, liquidation process is ongoing.
        3)      Di tahun 2025, Perseroan sudah dilikuidasi.                                             3)     In 2025, the Company has been liquidated.

        Perseroan dan entitas anak secara kolektif disebut sebagai                                      The Company and subsidiaries are collectively referred to
        “Grup”.                                                                                         as the “Group”.

        Grup memiliki segmen operasi sebagai berikut:                                                   The Group has the following operating segments:

                                                                                   Entitas anak/Subsidiaries
        Distribusi, ritel dan aftermarket                             Perseroan/The Company, MP Mulia, ERRO                                   Distribution, retail and aftermarket
        Asuransi                                                                      AMPM                                                                               Insurance




                                                                                                                                                                                        10
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            PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
               PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

1. UMUM (Lanjutan)                                                                                      1. GENERAL (Continued)

   d. Dewan Komisaris, Direksi, Komite Audit dan                     d.    Board of Commissioners, Directors, Audit Committee
      Karyawan                                                             and Employees
      Susunan anggota Dewan Komisaris, Direksi dan Komite                  The members of the Company’s Board of Commissioners,
      Audit Perseroan per 31 Desember 2025 dan 2024 adalah                 Directors and Audit Committee as of 31 December 2025
      sebagai berikut:                                                     and 2024 were as follows:

      Dewan Komisaris                                                                                         Board of Commissioners
      Komisaris Utama                                    Edwin Soeryadjaya                                     President Commissioner
      Komisaris                                            Danny Walla                                                   Commissioner
      Komisaris                                           Tossin Himawan                                                 Commissioner
      Komisaris Independen                            Istama Tatang Siddharta                               Independent Commissioner
      Komisaris Independen                             Benny Redjo Setyono                                  Independent Commissioner
      Direksi                                                                                                                Directors
      Direktur Utama                                    Suwito Mawarwati                                             President Director
      Direktur                                           Beatrice Kartika                                                      Director
      Direktur                                           Kemal Mawira                                                          Director
      Komite audit                                                                                                    Audit committee
      Ketua                                            Benny Redjo Setyono                                                  Chairman
      Anggota                                              Aria Kanaka                                                        Member
      Anggota                                         Josaphat Budisatyawira                                                  Member

      Per tanggal 31 Desember 2025 dan 2024, karyawan                     As of 31 December 2025 and 2024, the Group’s employees
      Grup masing-masing sebanyak 1.494 karyawan                          were 1,494 employees (including 1,285 permanent
      (termasuk 1.285 karyawan tetap) dan 1.546 karyawan                  employees) and 1,546 employees (including 1,339
      (termasuk 1.339 karyawan tetap) (tidak diaudit).                    permanent employees) (unaudited), respectively.

2. DASAR PENYUSUNAN                                                               2. BASIS OF PREPARATION OF THE
   LAPORAN KEUANGAN KONSOLIDASIAN                                            CONSOLIDATED FINANCIAL STATEMENTS

   a. Pernyataan kepatuhan                                         a.     Statement of compliance
      Laporan keuangan konsolidasian Perseroan dan entitas                The consolidated financial statements of the Company and
      anaknya (“Grup”) disusun sesuai dengan Standar                      its subsidiaries (“Group”) have been prepared in
      Akuntansi Keuangan Indonesia (“SAK Indonesia”) dan                  accordance with Capital Market and Financial Institution
      Peraturan Badan Pengawas Pasar Modal dan Lembaga                    Supervisory Agency (BAPEPAM-LK, whose function has
      Keuangan (BAPEPAM-LK, yang fungsinya telah                          been transferred to OJK starting 1 January 2013)
      dialihkan kepada OJK sejak tanggal 1 Januari 2013)                  Regulation No. VIII.G.7 regarding the Presentation and
      No. VIII.G.7 tentang Penyajian dan Pengungkapan                     Disclosure of Financial Statements of Issuers or Public
      Laporan Keuangan Emiten atau Perusahaan Publik,                     Companies, enclosed in the Decision Letter No. KEP-
      yang terlampir dalam Surat Keputusan No. KEP-                       347/BL/2012 dated 25 June 2012.
      347/BL/2012 tanggal 25 Juni 2012.
   b. Mata uang fungsional dan penyajian                            b.    Functional and presentation currency
      Laporan keuangan konsolidasian disajikan dalam                      The consolidated financial statements are presented in
      Rupiah, yang merupakan mata uang fungsional                         Rupiah, which is the functional currency of the Company
      Perseroan termasuk entitas anak. Kecuali dinyatakan                 including subsidiaries. Unless otherwise specified, financial
      lain, informasi keuangan yang disajikan telah                       information presented in Rupiah has been rounded to the
      dibulatkan ke dalam jutaan Rupiah terdekat.                         nearest million.




                                                                                                                                     11
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN                                                                    2. BASIS OF PREPARATION OF THE
   LAPORAN KEUANGAN KONSOLIDASIAN                                                 CONSOLIDATED FINANCIAL STATEMENTS
   (Lanjutan)                                                                                                (Continued)

    c.   Dasar pengukuran                                                c.   Basis of measurement
         Laporan keuangan konsolidasian disusun atas dasar                    The consolidated financial statements are prepared on the
         akrual dengan menggunakan konsep nilai historis,                     accrual basis using the historical cost concept, except
         kecuali ketika standar akuntansi mensyaratkan                        where the accounting standards require fair value
         pengukuran nilai wajar.                                              measurement.
    d. Laporan arus kas                                                  d.   Statement of cash flows
         Laporan arus kas konsolidasian menyajikan perubahan                  The consolidated statement of cash flows presents the
         dalam kas dan setara kas dari aktivitas operasi,                     changes in cash and cash equivalents from operating,
         investasi dan pendanaan disusun dengan metode                        investing and financing activities, and is prepared using
         langsung.                                                            the direct method.
    e.   Penggunaan pertimbangan, estimasi dan asumsi                    e.   Use of judgments, estimates and assumptions
         Penyusunan      laporan     keuangan     konsolidasian               The preparation of consolidated financial statements
         mengharuskan       manajemen       untuk     membuat                 requires management to make judgments, estimates and
         pertimbangan,      estimasi    dan    asumsi     yang                assumptions that affect the application of accounting
         mempengaruhi penerapan kebijakan akuntansi dan                       policies and the reported amounts of assets, liabilities,
         jumlah aset, liabilitas, pendapatan dan beban yang                   income and expenses. Actual results may differ from the
         dilaporkan. Hasil aktual dapat berbeda dari jumlah                   estimated amounts.
         yang diestimasi tersebut.
         Estimasi dan asumsi yang mendasarinya ditelaah                       Estimates and underlying assumptions are reviewed on
         secara berkesinambungan. Perubahan terhadap                          an ongoing basis. Revisions to accounting estimates are
         estimasi akuntansi diakui secara prospektif.                         recognized prospectively.
6


         Informasi mengenai asumsi dan ketidakpastian                         Information about assumptions and estimation
         estimasi pada tanggal pelaporan yang memiliki risiko                 uncertainties at the reporting date that have a significant
         signifikan terjadinya penyesuaian yang material                      risk of resulting in material adjustments to the carrying
         mengakibatkan penyesuaian material terhadap jumlah                   amounts of assets and liabilities in the following year is
         tercatat aset dan liabilitas pada tahun berikutnya                   included in the following notes:
         tercantum dalam catatan berikut:
          Catatan 8: Pemanfaatan rugi pajak                                      Note 8: Utilization of tax losses
          Catatan 11: Estimasi masa manfaat aset tetap dan                       Note 11: Fixed assets useful lives estimation and
           uji penurunan nilai: asumsi utama nilai terpulihkan                     impairment test: key assumptions underlying
           yang mendasarinya                                                       recoverable amounts
          Catatan 17: Kontrak asuransi dan reasuransi                            Note 17: Insurance and reinsurance contracts
          Catatan 18: Pengukuran kewajiban imbalan pasti;                        Note 18: Measurement of defined benefits obligation;
           asumsi aktuarial                                                        actuarial assumptions
         Pengukuran nilai wajar: sejumlah kebijakan akuntansi                 Measurement of fair value: A number of accounting
         dan pengungkapan mensyaratkan pengukuran nilai                       policies and disclosures require the measurement of fair
         wajar, untuk aset dan liabilitas keuangan dan non                    values, for both financial and non-financial assets and
         keuangan.                                                            liabilities.




                                                                                                                                       12
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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN                                                                2. BASIS OF PREPARATION OF THE
   LAPORAN KEUANGAN KONSOLIDASIAN                                             CONSOLIDATED FINANCIAL STATEMENTS
   (Lanjutan)                                                                                            (Continued)

  e.   Penggunaan pertimbangan, estimasi dan asumsi                  e. Use of judgments, estimates and assumptions (Continued)
       (Lanjutan)
       Pada saat mengukur nilai wajar suatu aset atau                     When measuring the fair value of an asset or liability, the
       liabilitas, Grup sedapat mungkin menggunakan data                  Group uses observable market data as far as possible. Fair
       pasar yang dapat diobservasi. Nilai wajar dikategorikan            values are categorized into different levels in a fair value
       menjadi berbagai level di dalam hirarki nilai wajar                hierarchy based on the inputs used in the valuation
       berdasarkan input yang digunakan dalam teknik                      techniques as follows:
       penilaian, sebagai berikut:

          Level 1: harga kuotasian (tanpa penyesuaian) di                   Level 1: quoted prices (unadjusted) in active markets
           pasar aktif untuk aset atau liabilitas yang identik.               for identical assets or liabilities.
          Level 2: input selain harga kuotasian yang                        Level 2: inputs other than quoted prices included in
           termasuk dalam Level 1 yang dapat diobservasi                      Level 1 that are observable for the asset or liability,
           untuk aset atau liabilitas, baik secara langsung                   either directly (i.e. as prices) or indirectly (i.e. derived
           (yaitu sebagai harga) atau tidak langsung (yaitu                   from prices).
           ditentukan dari harga).
          Level 3: input atas aset atau liabilitas yang tidak               Level 3: inputs for the asset or liability that are not
           berdasarkan data pasar yang dapat diobservasi                      based on observable market data (unobservable inputs).
           (input yang tidak dapat diobservasi).

       Jika input yang digunakan untuk mengukur nilai wajar               If the inputs used to measure the fair value of an asset or a
       dari aset atau liabilitas yang diperoleh dari gabungan             liability are drawn from as mixture of different level sources
       beberapa level yang berbeda dalam hirarki nilai wajar,             of the fair value hierarchy, then the fair value measurement
       maka pengukuran nilai wajar untuk keseluruhan kelas                for the entire class of the asset or liability is considered to
       aset atau liabilitas dianggap telah dilakukan                      have been done using the lowest level input that is
       menggunakan level input terendah yang signifikan                   significant to the entire measurement (level 3 being the
       terhadap keseluruhan pengukuran (level 3 sebagai level             lowest).
       terendah).
       Informasi lebih lanjut mengenai asumsi yang dibuat                 Further information about the assumptions made in
       dalam mengukur nilai wajar tercantum dalam catatan                 measuring fair values is included in the following notes:
       berikut:
        Catatan 11: Nilai wajar aset tetap untuk tujuan                     Note 11: Fair values of fixed assets for disclosure
           pengungkapan                                                       purpose
        Catatan 31: Nilai wajar instrumen keuangan                          Note 31: Fair values of financial instruments
  f.   Perubahan kebijakan akuntansi material                        f.   Changes in material accounting policies
       Penerapan standar akuntasi baru efektif di 2025                    Adoption of new accounting standards effective in 2025
       Grup telah menerapkan PSAK 117 untuk pertama kali,                 The Group has initially applied PSAK 117, including any
       termasuk amandemen konsekuensial terhadap standar                  consequential amendments to other standards, from
       lainnya, sejak tanggal 1 Januari 2025. Standar-standar             1 January 2025. These standards have brought significant
       ini telah membawa perubahan signifikan terhadap                    changes to the accounting for insurance and reinsurance
       akuntansi untuk kontrak asuransi dan reasuransi serta              contracts and financial instruments. As a result, the Group
       instrumen keuangan. Sebagai akibatnya, Grup telah                  has restated certain comparative amounts and presented a
       menyajikan kembali jumlah komparatif tertentu dan                  third statement of financial position as at 1 January 2024.
       menyajikan laporan posisi keuangan ketiga pada
       tanggal 1 Januari 2024.




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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN                                                                 2. BASIS OF PREPARATION OF THE
   LAPORAN KEUANGAN KONSOLIDASIAN                                              CONSOLIDATED FINANCIAL STATEMENTS
   (Lanjutan)                                                                                             (Continued)
  f.   Perubahan       kebijakan      akuntansi      material        f.   Changes in material accounting policies (Continued)
       (Lanjutan)
       Penerapan standar akuntansi baru efektif di 2025                   Adoption of new accounting standards effective in 2025
       (Lanjutan)                                                         (Continued)

       Sifat dan dampak dari perubahan utama dalam                        The nature and effects of the key changes in the Group’s
       kebijakan akuntansi Grup yang diakibatkan oleh                     accounting policies resulting from its adoption of PSAK
       penerapan PSAK 117 diringkas sebagai berikut:                      117 are summarized below:
       PSAK 117 Kontrak Asuransi                                          PSAK 117 Insurance Contract
       1.   Klasifikasi kontrak asuransi dan reasuransi                   1.    Classification of insurance and reinsurance contract
            Grup menilai apakah kontrak asuransi dan                            The Group assesses whether the insurance and
            reasuransi mentransfer risiko asuransi yang                         reinsurance contracts transfer significant insurance
            signifikan. Rincian lebih lanjut disajikan dalam                    risk. More details are given in Note 3j.
            Catatan 3j.
       2.   Tingkat agregasi dan kontrak asuransi dan                     2.    Level of aggregation and insurance and reinsurance
            reasuransi                                                          contract
            Grup akan mengidentifikasi portofolio kontrak                       The Group will identify the portfolio of contracts and
            dan menentukan kelompok kontrak yang merugi                         determine group of contracts that are onerous on
            pada saat pengakuan awal serta kontrak yang                         initial recognition and those that have no significant
            tidak memiliki kemungkinan signifikan untuk                         possibility of becoming onerous subsequently. More
            merugi di kemudian hari. Rincian lebih lanjut                       details are given in Note 3j.
            disajikan dalam Catatan 3j.
       3.   Pengakuan, pengukuran           dan    penyajian              3.    Recognition, measurement and presentation of
            kontrak asuransi                                                    insurance contracts
            PSAK 117 menetapkan prinsip-prinsip untuk                           PSAK 117 establishes principles for the recognition,
            pengakuan,      pengukuran,    penyajian,    dan                    measurement, presentation and disclosure of
            pengungkapan kontrak asuransi dan kontrak                           insurance contracts and reinsurance contracts. It
            reasuransi. Standar ini memperkenalkan model                        introduces a model that measures groups of contracts
            yang mengukur kelompok kontrak berdasarkan                          based on the Group’s estimates of the present value of
            estimasi Grup atas nilai kini dari arus kas masa                    future cash flows that are expected to arise as the
            depan yang diperkirakan akan timbul pada saat                       Group fulfils the contracts, an explicit risk adjustment
            Grup memenuhi kontrak tersebut, penyesuaian                         for non-financial risk and a Contractual Service
            risiko eksplisit untuk risiko non-keuangan, dan                     Margin (“CSM“).
            Marjin Jasa Kontraktual (“MJK”).
            Berdasarkan PSAK 117, pendapatan asuransi                           Under PSAK 117, insurance revenue in each reporting
            pada setiap periode pelaporan mencerminkan                          period represents the changes in the liabilities for
            perubahan pada liabilitas atas sisa masa                            remaining coverage that relate to services for which
            pertanggungan yang berkaitan dengan jasa di                         the Group expects to receive consideration and an
            mana Grup memperkirakan akan menerima                               allocation of premiums that relate to recovering
            imbalan, serta alokasi premi yang berkaitan                         insurance acquisition cash flows.
            dengan pemulihan arus kas akuisisi asuransi.
            Pendapatan dan beban keuangan asuransi                              Insurance finance income and expenses are presented
            disajikan secara terpisah dari pendapatan asuransi                  separately from insurance revenue and insurance
            dan beban jasa asuransi.                                            service expenses.




                                                                                                                                     14
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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN                                                                2. BASIS OF PREPARATION OF THE
   LAPORAN KEUANGAN KONSOLIDASIAN                                             CONSOLIDATED FINANCIAL STATEMENTS
   (Lanjutan)                                                                                            (Continued)
  f.   Perubahan       kebijakan      akuntansi       material      f.   Changes in material accounting policies (Continued)
       (Lanjutan)
       PSAK 117 Kontrak Asuransi (Lanjutan)                              PSAK 117 Insurance Contract (Continued)
       3.   Pengakuan, pengukuran dan penyajian                          3.    Recognition, measurement and presentation of
            kontrak asuransi (Lanjutan)                                        insurance contracts (Continued)
            Grup menerapkan Pendekatan Alokasi Premium                         The Group applies the Premium Allocation Approach
            (“PAP”) untuk menyederhanakan pengukuran                           (“PAA”) to simplify the measurement of contracts,
            kontrak, kecuali untuk kelompok kontrak yang                       except for groups of acquired contracts that do not
            diakuisisi yang tidak memenuhi syarat untuk                        qualify for the PAA. When measuring liabilities for
            PAP. Pada saat mengukur liabilitas atas sisa                       remaining coverage, the PAA is similar to the Group’s
            pertanggungan, pendekatan PAP serupa dengan                        previous accounting treatment. However, when
            perlakuan akuntansi Grup sebelumnya. Namun,                        measuring liabilities for incurred claims, the Group
            pada saat mengukur liabilitas atas klaim yang                      now discounts the future cash flows (unless they are
            terjadi, Grup saat ini mendiskontokan arus kas                     expected to occur in one year or less from the date on
            masa depan (kecuali jika arus kas tersebut                         which the claims are incurred) and includes an explicit
            diperkirakan akan terjadi dalam kurun waktu satu                   risk adjustment for non-financial risk.
            tahun atau kurang dari tanggal terjadinya klaim)
            dan menyertakan penyesuaian risiko eksplisit
            untuk risiko non-keuangan.
            Sebelumnya, seluruh biaya akuisisi diakui dan                      Previously, all acquisition costs were recognised and
            disajikan pada pos premi yang belum merupakan                      presented under unearned premium until those costs
            pendapatan hingga biaya tersebut diakui ke dalam                   were included in profit or loss. Under PSAK 117, only
            laba rugi. Berdasarkan PSAK 117, hanya arus kas                    insurance acquisition cash flows that arise before the
            akuisisi asuransi yang timbul sebelum pengakuan                    recognition of the related insurance contracts are
            kontrak asuransi terkait yang diakui sebagai aset                  recognised as separate assets and are tested for
            terpisah dan diuji tingkat keterpulihannya. Aset-                  recoverability. These assets are presented in the
            aset ini disajikan di dalam jumlah tercatat dari                   carrying amount of the related portfolio of contracts
            portofolio kontrak terkait dan dihentikan                          and are derecognised once the related contracts have
            pengakuannya setelah kontrak terkait tersebut                      been recognised.
            telah diakui.
            Penghasilan dan beban dari kontrak reasuransi,                     Income and expenses from reinsurance contracts other
            selain dari penghasilan dan beban keuangan                         than insurance finance income and expenses are now
            asuransi, saat ini disajikan sebagai suatu jumlah                  presented as a single net amount in profit or loss.
            neto tunggal dalam laba rugi. Sebelumnya, jumlah                   Previously, amounts recovered from reinsurers and
            yang dipulihkan dari reasuradur dan beban                          reinsurance expenses were presented separately.
            reasuransi disajikan secara terpisah.
            Untuk penjelasan mengenai bagaimana Grup                           For an explanation of how the Group accounts for
            menerapkan perlakuan akuntansi atas kontrak                        insurance and reinsurance contracts under PSAK 117,
            asuransi dan reasuransi berdasarkan PSAK 117,                      see Note 3j.
            lihat Catatan 3j.
       4.   Transisi                                                     4.    Transition
            Kontrak Asuransi dan Reasuransi                                    Insurance and Reinsurance Contracts
            Untuk kontrak asuransi dan reasuransi, Grup                        For the insurance and reinsurance contracts, the
            menerapkan          pendekatan         retrospektif                Group applied the modified retrospective approach in
            modifikasian berdasarkan PSAK 117 untuk                            PSAK 117 to identify, recognise and measure certain
            mengidentifikasi, mengakui, dan mengukur                           group of contracts at 1 January 2024 (see Note 3j),
            kelompok kontrak tertentu pada tanggal 1 Januari                   because it was impracticable to apply the full
            2024 (lihat Catatan 3j), karena tidak praktis untuk                retrospective approach.
            menerapkan pendekatan retrospektif penuh.

                                                                                                                                   15
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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN                                                              2. BASIS OF PREPARATION OF THE
   LAPORAN KEUANGAN KONSOLIDASIAN                                           CONSOLIDATED FINANCIAL STATEMENTS
   (Lanjutan)                                                                                          (Continued)
  f.   Perubahan       kebijakan      akuntansi     material         f.   Changes in material accounting policies (Continued)
       (Lanjutan)
       PSAK 117 Kontrak Asuransi (Lanjutan)                               PSAK 117 Insurance Contract (Continued)
       4. Transisi (Lanjutan)                                             4. Transition (Continued)
           Kontrak Asuransi dan Reasuransi (Lanjutan)                        Insurance and Reinsurance Contracts (Continued)
           Grup mempertimbangkan bahwa pendekatan                            The Group considered the full retrospective approach
           retrospektif penuh tidak praktis apabila terdapat                 impracticable under any of the following
           salah satu dari kondisi berikut:                                  circumstances:
           • Dampak dari penerapan retrospektif tidak                        • The effects of retrospective application were not
               dapat ditentukan karena informasi yang                           determinable because the information required
               dipersyaratkan belum dikumpulkan (atau                           had not been collected (or had not been collected
               belum dikumpulkan dengan tingkat rincian                         with sufficient granularity) and was unavailable
               yang memadai) dan tidak tersedia karena                          because of system migrations, data retention
               adanya migrasi sistem, persyaratan retensi                       requirements or other reasons. Such information
               data, atau alasan lainnya. Informasi tersebut                    included for certain contracts:
               untuk kontrak-kontrak tertentu meliputi:
               - Ekspektasi mengenai profitabilitas kontrak                      - Expectations about a contract’s profitability and
                  dan risiko menjadi merugikan yang                                risks of becoming onerous required for
                  dipersyaratkan untuk mengidentifikasi                            identifying groups of contracts;
                  kelompok kontrak;
               - Informasi mengenai arus kas historis dan                        - Information about historical cash flows and
                  tingkat diskonto yang dipersyaratkan untuk                       discount rates required for determining the
                  menentukan estimasi arus kas pada saat                           estimates of cash flows on initial recognition and
                  pengakuan awal dan perubahan selanjutnya                         subsequent changes on a retrospective basis;
                  dengan dasar retrospektif;
               - Informasi yang dipersyaratkan untuk                             - Information required to allocate fixed and
                  mengalokasikan biaya overhead tetap dan                          variable overheads to groups of contracts,
                  variabel ke kelompok kontrak, karena                             because the Company’s previous accounting
                  kebijakan akuntansi Perseroan sebelumnya                         policies did not require such information; and
                  tidak mensyaratkan informasi tersebut; dan
               - Informasi mengenai perubahan asumsi dan                        - Information about changes in assumptions and
                  estimasi,     yang       mungkin      tidak                     estimates, which might not have been
                  didokumentasikan secara berkelanjutan.                          documented on an ongoing basis.
           • Pendekatan retrospektif penuh mensyaratkan                       • The full retrospective approach required
               asumsi mengenai apa yang menjadi intensi                         assumptions about what the Group management’s
               manajemen Grup pada periode-periode                              intentions would have been in previous periods or
               sebelumnya,     atau     estimasi   akuntansi                    significant accounting estimates that could not be
               signifikan yang tidak dapat dibuat tanpa                         made without the use of hindsight. Such
               menggunakan       tinjauan     ke    belakang                    assumptions and estimates included for certain
               (hindsight). Asumsi dan estimasi tersebut                        contracts:
               untuk kontrak-kontrak tertentu meliputi:
                                                                                 - Assumptions about discount rates, because the
               - Asumsi mengenai tingkat diskonto, karena
                                                                                   Company had not been subject to any
                  Perseroan belum tunduk pada kerangka
                                                                                   accounting or regulatory framework that
                  akuntansi atau regulasi apa pun yang
                                                                                   required insurance contracts to be measured on
                  mensyaratkan kontrak asuransi untuk
                                                                                   a present value basis before 2012; and
                  diukur berdasarkan nilai kini sebelum
                  tahun 2012; dan
                                                                                 - Assumptions about the risk adjustment for non-
               - Asumsi mengenai penyesuaian risiko atas
                                                                                   financial risk, because the Company had not
                  risiko non-keuangan, karena Perseroan
                                                                                   been subject to any accounting or regulatory
                  belum tunduk pada kerangka akuntansi                             framework that required an explicit margin for
                  atau regulasi apa pun yang mensyaratkan
                                                                                   non-financial risk before 2017.
                  adanya marjin eksplisit untuk risiko non-
                  keuangan sebelum tahun 2017.


                                                                                                                                   16
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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2. DASAR PENYUSUNAN                                                                 2. BASIS OF PREPARATION OF THE
   LAPORAN KEUANGAN KONSOLIDASIAN                                              CONSOLIDATED FINANCIAL STATEMENTS
   (Lanjutan)                                                                                             (Continued)

  f.   Perubahan       kebijakan       akuntansi      material        f.   Changes in material accounting policies (Continued)
       (Lanjutan)
       Standar yang terbit tapi belum efektif                              Standards issued but not yet effective
       Efektif untuk periode pelaporan pada atau setelah                   Effective for reporting periods beginning on or after
       tanggal 1 Januari 2027: PSAK 118 – Penyajian dan                    1 January 2027: PSAK 118 - Presentation and Disclosure
       Pengungkapan dalam Laporan Keuangan.                                in Financial Statements.
       PSAK 118 akan menggantikan PSAK 201 Penyajian                       PSAK 118 will replace PSAK 201 Presentation of Financial
       Laporan Keuangan. Standar akuntansi baru ini                        Statements. The new accounting standard introduces,
       memperkenalkan, di antaranya, persyaratan baru utama                among others, the following key new requirements:
       berikut ini:
           Grup diwajibkan untuk mengklasifikasikan                           The Group is required to classify all income and
            seluruh pendapatan dan beban ke dalam lima                          expenses into five categories in the consolidated
            kategori dalam laporan laba rugi konsolidasian,                     statement of profit or loss, namely the operating,
            yaitu kategori operasi, investasi, pendanaan,                       investing, financing, discontinued operations and
            operasi yang dihentikan, dan pajak penghasilan.                     income tax categories. Grup is also required to present
            Grup juga diwajibkan untuk menyajikan subtotal                      operating profit subtotal, a newly-defined subtotal.
            laba operasi, subtotal baru yang didefinisikan.                     Groups' net profit will not change.
            Laba neto Grup tidak akan berubah.
           Ukuran kinerja tetapan manajemen (UKTM)                            Management-defined performance measures (MPMs)
            diungkapkan dalam satu catatan di dalam laporan                     are disclosed in a single note in the consolidated
            keuangan konsolidasian.                                             financial statements.
           Panduan tambahan diberikan tentang cara                            Enhanced guidance is provided on how to group
            mengelompokkan informasi dalam laporan                              information in the consolidated financial statements.
            keuangan konsolidasian.
       Grup masih dalam proses menilai dampak PSAK 118,                    The Group is still in the process of assessing the impact of
       khususnya terkait struktur laporan laba rugi                        PSAK 118, particularly with respect to the structure of the
       konsolidasian dan laporan arus kas konsolidasian Grup.              Group's consolidated statement of profit or loss and the
       Grup juga sedang menilai dampak terhadap                            consolidated statement of cash flows. The Group is also
       pengelompokan informasi dalam laporan keuangan                      assessing the impact on how information is grouped in the
       konsolidasian, termasuk untuk pospos yang saat ini                  consolidated financial statements, including for items
       berlabel 'lain-lain'.                                               currently labelled as 'other'.
       Pada     tanggal    penerbitan    laporan     keuangan              As of the issuance date of these consolidated financial
       konsolidasian ini, manajemen belum menentukan                       statements, management has not determined the extent of
       besarnya dampak retrospektif, jika ada, dari penerapan              the retrospective impact, if any, that the future adoption of
       standar dan amendemen atas standar tersebut di masa                 these standards and amendments to standards will have on
       depan terhadap laporan posisi keuangan konsolidasian                the Group’s consolidated financial position and operating
       dan hasil operasi konsolidasian Grup.                               results.




                                                                                                                                      17
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL                                                                                           POLICIES
     Kebijakan akuntansi material yang diterapkan secara               The material accounting policies consistently applied in the
     konsisten dalam penyusunan laporan keuangan                       preparation of the consolidated financial statements were as
     konsolidasian adalah sebagai berikut:                             follows:
     a. Prinsip konsolidasi                                            a. Basis of consolidation
          Entitas anak                                                      Subsidiaries
          Laporan keuangan konsolidasian meliputi laporan                   The consolidated financial statements include the financial
          keuangan Perseroan dan entitas anak (Catatan 1c).                 statements of the Company and its subsidiaries (Note 1c).
          Entitas anak adalah entitas yang dikendalikan oleh                Subsidiaries are entities controlled by the Group. The
          Grup. Grup mengendalikan suatu entitas ketika Grup                Group controls an entity when it is exposed to, or has
          terekspos dengan, atau memiliki hak atas, imbal hasil             rights to, variable returns from its involvement with the
          variabel dari keterlibatan Grup dengan entitas anak               subsidiary and has the ability to affect those returns
          dan memiliki kemampuan untuk mempengaruhi                         through its power over the subsidiary.
          imbal hasil tersebut melalui kekuasaannya atas entitas
          anak.
          Entitas anak dikonsolidasi sejak tanggal Grup                     Subsidiaries are consolidated from the date on which the
          memperoleh pengendalian secara efektif dan tidak                  Group obtains effective control, and are no longer
          lagi dikonsolidasi sejak tanggal pengendalian tersebut            consolidated from the date such control ceases.
          tidak lagi dimiliki.
          Kebijakan akuntansi yang digunakan dalam laporan                 The accounting policies adopted in the consolidated
          keuangan konsolidasian diterapkan secara konsisten               financial statements are consistently applied by the Group.
          oleh Grup.
          Perubahan dalam bagian kepemilikan Grup pada                     Changes in Group’s ownership interest in subsidiaries that
          entitas anak yang tidak mengakibatkan hilangnya                  do not result in the loss of control are accounted for as
          pengendalian dicatat sebagai transaksi ekuitas.                  equity transactions. Any difference between the adjusted
          Perbedaan antara jumlah tercatat kepentingan                     carrying amount of non-controlling interest and the fair
          nonpengendali yang disesuaikan dan nilai wajar                   value of the consideration paid or received is recognized
          imbalan yang dibayarkan atau diterima langsung                   directly in equity attributable to the owners of the Company.
          diakui dalam ekuitas yang dapat diatribusikan pada
          pemilik entitas induk.
          Ketika Grup kehilangan kendali atas entitas anak,                When the Group loses control over a subsidiary, it
          Grup menghentikan pengakuan aset dan liabilitas                  derecognises the assets and liabilities of the subsidiary, and
          entitas anak, dan kepentingan nonpengendali terkait              any related non-controlling interests and other components
          dan komponen ekuitas lainnya. Laba atau rugi yang                of equity. Any resulting gain or loss is recognized in profit
          timbul diakui dalam laba rugi. Kepentingan yang                  or loss. Any interest retained in the former subsidiary is
          dipertahankan di entitas anak terdahulu diukur                   measured at fair value when the control is lost and
          sebesar nilai wajar ketika pengendalian hilang dan               subsequently accounts for it as an associate, joint venture
          selanjutnya mencatat sisa investasi tersebut sebagai             or financial asset.
          entitas asosiasi, ventura bersama atau aset keuangan.
          Kepentingan pada investee dicatat dengan metode                  Interest in equity-accounted investees
          ekuitas
          Kepentingan Grup pada investee yang dicatat dengan               The Group’s interests in equity-accounted investees
          metode ekuitas merupakan kepentingan pada entitas                represent interest in associates.
          asosiasi.
          Entitas asosiasi adalah entitas di mana Grup                     Associates are those entities in which the Group has
          mempunyai pengaruh signifikan, namun bukan                       significant influence, but not control or joint control, over
          pengendalian atau pengendalian bersama, atas                     the financial and operating policies.
          kebijakan keuangan dan operasional.




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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                        POLICIES (Continued)
     a.   Prinsip konsolidasi (Lanjutan)                               a.    Basis of consolidation (Continued)
          Kepentingan pada investee dicatat dengan metode                    Interest in equity-accounted investees (Continued)
          ekuitas (Lanjutan)
          Kepentingan pada entitas asosiasi dicatat berdasarkan              Interest in associates are accounted for under the equity
          metode ekuitas. Kepentingan tersebut pada awalnya                  method. They are initially recognized at cost, which
          diakui sebesar biaya perolehan, termasuk biaya                     includes transaction cost. Subsequent to initial
          transaksi. Setelah pengakuan awal, laporan keuangan                recognition, the consolidated financial statements include
          konsolidasian mencakup bagian Grup atas laba rugi                  the Group’s share of the profit or loss and other
          dan penghasilan komprehensif lain dari investee yang               comprehensive income of equity accounted investees, until
          dicatat di ekuitas, sampai tanggal di mana tidak lagi              the date on which significant influence ceases.
          terdapat pengaruh signifikan.
          Transaksi yang dieliminasi pada saat konsolidasi                   Transactions eliminated on consolidation
          Seluruh transaksi intragrup, serta saldo dan                       All intra-group transactions, balances and unrealized gains
          keuntungan yang belum direalisasi dari transaksi                   on the transactions are eliminated.
          tersebut dieliminasi.
          Keuntungan yang belum direalisasi dari transaksi                   Unrealised gains arising from transactions with equity
          dengan investee yang dicatat dengan metode ekuitas                 accounted investees are eliminated against the investment
          dieliminasi terhadap investasi sebesar kepemilikan                 to the extent of the Group’s interest in the investee.
          Grup pada investee. Kerugian yang belum direalisasi                Unrealised losses are eliminated in the same way as
          dieliminasi dengan cara yang sama seperti keuntungan               unrealized gains, but only to the extent that there is no
          yang belum direalisasi, namun hanya sepanjang tidak                evidence of impairment.
          terdapat bukti penurunan nilai.
          Kepentingan nonpengendali                                          Non-controlling interests
          Kepentingan nonpengendali diukur pada awalnya                      Non-controlling interest are measured initially at their
          sebesar bagian proporsionalnya atas aset neto                      proportionate share of the acquiree’s identifiable net assets
          teridentifikasi dari pihak yang diakuisisi pada tanggal            at the date of acquisition and adjusted by proportion of
          akuisisi dan selanjutnya disesuaikan dengan proporsi               changes in equity of subsidiaries.
          atas perubahan ekuitas pada entitas anak.
          Kepentingan nonpengendali disajikan pada bagian                    Non-controlling interests is presented in the consolidated
          ekuitas dalam laporan posisi keuangan konsolidasian,               statement of financial position within equity, separately
          terpisah dari ekuitas yang dapat diatribusikan kepada              from the equity attributable to the owners of the Company.
          pemilik entitas induk. Laba atau rugi dan setiap                   Profit or loss and each component of other comprehensive
          komponen        penghasilan    komprehensif       lain             income are attributed to the owners of the Company and to
          diatribusikan kepada pemilik entitas induk dan kepada              the non-controlling interests based on the ownership
          kepentingan nonpengendali berdasarkan proporsi                     interest proportionally.
          kepemilikan.
     b.   Setara kas                                                    b.   Cash equivalents
          Deposito berjangka pendek dengan jatuh tempo                       Short-term time deposits with original maturities within
          awalnya dalam 3 bulan atau kurang dianggap sebagai                 three months or less are considered as cash equivalents.
          setara kas.
     c.   Persediaan                                                    c.   Inventory
          Persediaan diukur menurut harga yang lebih rendah                  Inventories are measured at the lower of cost and net
          antara harga perolehan dan nilai realisasi neto. Harga             realizable value. Cost is determined using either weighted
          perolehan ditentukan dengan metode rata-rata                       average cost method or first-in-first out method, and
          tertimbang atau metode first-in-first-out dan termasuk             includes expenditures incurred in acquiring the
          biaya perolehan persediaan dan biaya lain yang timbul              inventories and other costs incurred in bringing them to
          sampai persediaan berada dalam lokasi dan kondisi                  their present location and condition. Cost of finished
          saat ini. Biaya atas barang jadi termasuk porsi                    products includes an appropriate share of production
          overhead produksi yang sesuai berdasarkan kapasitas                overhead based on normal operating capacity.
          normal operasi.

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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                        POLICIES (Continued)
     c.   Persediaan (Lanjutan)                                         c.  Inventory (Continued)
          Nilai realisasi neto adalah estimasi harga jual dalam             Net realizable value is the estimated selling price in the
          kegiatan usaha normal, dikurangi estimasi biaya                   ordinary course of business, less the estimated costs of
          penyelesaian dan estimasi biaya yang diperlukan untuk             completion and the estimated costs necessary to make the
          melakukan penjualan.                                              sale.
     d.   Instrumen keuangan                                             d. Financial instruments
          (i) Pengakuan dan pengukuran awal                                 (i) Recognition and initial measurement
               Aset keuangan dan liabilitas keuangan diakui                        Financial assets and financial liabilities are initially
               pertama kali pada saat Grup menjadi salah satu                      recognized when the Group becomes a party to the
               pihak dalam ketentuan kontraktual instrumen                         contractual provisions of the instruments.
               tersebut.
               Aset keuangan (kecuali merupakan piutang tanpa                      A financial asset (unless it is a receivable without
               komponen pendanaan signifikan) atau liabilitas                      significant financing component) or financial
               keuangan pada awalnya diukur pada nilai wajar                       liability is initially measured at fair value plus or
               ditambah atau dikurangi, untuk item yang tidak                      minus, for item not measured at fair value through
               diukur pada nilai wajar melalui laba rugi                           profit or loss (“FVTPL”), transaction costs that are
               (“FVTPL”), biaya transaksi yang dapat                               directly attributable to its acquisition or issue. A
               diatribusikan secara langsung pada perolehan atau                   receivable without a significant financing component
               penerbitannya.     Piutang    tanpa    komponen                     is initially measured at the transaction price.
               pendanaan signifikan pada awalnya diukur pada
               harga transaksi.
          (ii) Aset keuangan                                                 (ii) Financial assets
              Pada     pengakuan     awal,    aset   keuangan                      On initial recognition, a financial asset is classified
              diklasifikasikan dan diukur pada biaya perolehan                     as measured at amortized cost; fair value through
              diamortisasi; nilai wajar melalui penghasilan                        other comprehensive income (“FVOCI”) – debt
              komprehensif lain (FVOCI) – investasi utang;                         investment; FVOCI – equity investment; or, fair
              FVOCI – investasi ekuitas; atau, nilai wajar                         value through profit or loss (“FVTPL”).
              melalui laba rugi (FVTPL).
              Aset keuangan tidak direklasifikasi setelah                          Financial assets are not reclassified subsequent to
              pengakuan awalnya kecuali jika Grup mengubah                         their initial recognition unless the Group changes its
              model bisnisnya dalam mengelola aset keuangan                        business model for managing financial assets in
              di mana dalam hal ini semua aset keuangan yang                       which case all affected financial assets are
              terkena dampak direklasifikasi pada hari pertama                     reclassified on the first day of the first reporting
              periode pelaporan setelah perubahan dalam model                      period following the change in the business model.
              bisnis.
              Aset keuangan diukur pada biaya perolehan                            A financial asset is measured at amortized cost if it
              diamortisasi jika memenuhi dua kondisi berikut:                      meets both of the following conditions:
              - Dikelola dalam model bisnis dengan tujuan                          - It is held within a business model whose objective
                 memiliki aset untuk mendapatkan arus kas                             is to hold assets to collect contractual cash flows;
                 kontraktual; dan                                                     and
              - Persyaratan kontraktual menghasilkan arus kas                      - its contractual terms give rise on specified dates
                 pada tanggal tertentu yang semata dari                               to cash flows that are solely payments of principal
                 pembayaran pokok dan bunga dari jumlah                               and interests on the principal amount outstanding.
                 pokok terutang.




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                         POLICIES (Continued)
     d.   Instrumen keuangan (Lanjutan)                                   d. Financial instruments (Continued)
          (ii) Aset keuangan (Lanjutan)                                      (ii) Financial assets (Continued)
               Aset keuangan yang diukur pada biaya perolehan                     The financial assets measured at amortized cost are
               diamortisasi selanjutnya diukur menggunakan                        subsequently measured using the effective interest
               metode suku bunga efektif. Jumlah tercatat bruto                   method. The gross carrying amount is reduced by
               dikurangi dengan kerugian penurunan nilai.                         impairment losses. Interest income, foreign
               Pendapatan bunga, keuntungan dan kerugian                          exchange gains and losses and impairment are
               selisih kurs dan penurunan nilai diakui dalam laba                 recognized in profit or loss. Gains or losses on
               rugi. Keuntungan atau rugi dari penghentian                        derecognition of these financial assets are
               pengakuan diakui dalam laba atau rugi.                             recognized in profit or loss.
                Investasi dalam surat berharga efek ekuitas dan                   Investments in equity securities and investments in
                investasi dana yang dikategorikan sebagai aset                    fund are categorized as measured-at-FVTPL
                keuangan yang diukur pada FVTPL. Aset                             financial assets. These financial assets are
                keuangan ini selanjutnya diukur pada nilai wajar                  subsequently measured at fair value and the related
                dan keuntungan atau kerugian terkait diakui                       gain or loss are recognized in profit or loss.
                dalam laporan laba rugi.
               Reksadana dan investasi pada obligasi diukur                         Mutual funds and investments in debt securities are
               pada FVOCI jika investasi tersebut dimiliki                          measured-at-FVOCI if it is held within a business
               dalam model bisnis yang tujuannya untuk                              model whose objective is achieved by both collecting
               memperoleh arus kas kontraktual dan menjual                          contractual cash flows and selling financial assets;
               aset keuangan; dan persyaratan kontraktualnya                        and its contractual terms give rise on specified dates
               menghasilkan arus kas pada tanggal tertentu yang                     to cash flows that are solely payments of principal
               semata dari pembayaran pokok dan bunga dari                          and interest on the principal amount outstanding.
               jumlah pokok terutang.
          (iii) Liabilitas keuangan                                            (iii) Financial liabilities
               Liabilitas keuangan diklasifikasikan dan diukur                      Financial liabilities are classified as either
               pada biaya perolehan diamortisasi atau pada                          measured-at-amortized cost, or at FVTPL. FVTPL
               FVTPL. Liabilitas keuangan pada FVTPL diukur                         financial liability is measured as such if it is
               sedemikian rupa jika liabilitas tersebut                             classified as held-for-trading, if it is a derivative, or
               diklasifikasikan   sebagai     dimiliki   untuk                      if it is designated as measured-at-FVTPL on initial
               diperdagangkan, merupakan derivatif, atau                            recognition.
               ditetapkan untuk diukur pada FVTPL pada
               pengakuan awal.
               Liabilitas keuangan yang diukur pada biaya                           Financial liabilities measured at amortized cost are
               perolehan diamortisasi selanjutnya diukur                            subsequently measured using the effective interest
               menggunakan metode suku bunga efektif. Beban                         method. Interest expense and foreign exchange
               bunga dan keuntungan dan kerugian selisih kurs                       gains and losses are recognized in profit or loss.
               diakui pada laba rugi. Setiap keuntungan atau                        Gains or losses on derecognition are also
               kerugian dari penghentian pengakuan juga diakui                      recognized in profit or loss.
               dalam laba rugi.
          (iv) Penghentian pengakuan                                           (iv) Derecognition
               Aset keuangan                                                        Financial assets
               Grup melakukan transaksi di mana Grup                                The Group enters into transactions whereby it
               mengalihkan aset yang diakui dalam laporan posisi                    transfers assets recognized in its statement of
               keuangan, tetapi mempertahankan seluruh ataupun                      financial position, but retains either all or
               secara substansial seluruh risiko dan manfaat dari                   substantially all of the risks and reward of the
               aset yang dialihkan. Dalam kasus ini, aset yang                      transferred assets. In these cases, the transferred
               dialihkan tidak dihentikan pengakuannya.                             assets are not derecognized.




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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                        POLICIES (Continued)
     d.   Instrumen keuangan (Lanjutan)                                  d. Financial instruments (Continued)
          (iv) Penghentian pengakuan (Lanjutan)                             (iv) Derecognition (Continued)
              Liabilitas keuangan                                                  Financial liabilities
              Grup juga menghentikan pengakuan liabilitas                          The Group also derecognizes a financial liability
              keuangan saat jangka waktunya dimodifikasi dan                       when its terms are modified and the cash flows of
              arus kas dari liabilitas yang dimodifikasi berbeda                   the modified liability are substantially different, in
              secara substansial, dimana liabilitas keuangan                       which case a new financial liability, based on the
              baru, berdasarkan jangka waktu yang dimodifikasi                     modified terms, is recognized at fair value.
              tersebut diakui pada nilai wajar.

          (v) Saling hapus                                                    (v) Offsetting
              Aset dan liabilitas keuangan disalinghapuskan dan                    Financial assets and liabilities are offset and the net
              nilai netonya disajikan dalam laporan posisi                         amount is presented in the consolidated statement of
              keuangan konsolidasian ketika Grup memiliki hak                      financial position when the Group has legally
              yang dapat dipaksakan secara hukum untuk                             enforceable right to offset the recognized amounts
              melakukan saling hapus atas jumlah yang telah                        and intends, either to settle on a net basis, or when
              diakui dan terdapat niat untuk menyelesaikan                         the asset is realized and the liability is settled
              secara neto, atau pada saat aset tersebut direalisasi                simultaneously.
              dan liabilitasnya tersebut diselesaikan secara
              bersamaan.
          (vi) Penurunan nilai                                                (vi) Impairment
              Grup mengakui penyisihan kerugian untuk                              The Group recognizes loss allowances for expected
              kerugian kredit ekspektasian (“KKE”) atas aset                       credit loss (“ECL”) on financial assets measured at
              keuangan yang diukur pada biaya perolehan                            amortized cost.
              diamortisasi.
              Penyajian penyisihan KKE dalam laporan posisi                        Presentation of allowance for ECL in the statement
              keuangan                                                             of financial position
              Penyisihan kerugian untuk aset keuangan yang                         Loss allowances for financial assets measured at
              diukur pada biaya perolehan diamortisasi                             amortized cost are deducted from the gross carrying
              dikurangkan dari jumlah tercatat aset bruto. Grup                    amount of the assets. The Group measures loss
              mengukur penyisihan kerugian dengan jumlah                           allowances at an amount that reflects the lifetime
              yang mencerminkan KKE sepanjang umurnya,                             ECL, except for cash in bank for which credit risk
              kecuali untuk kas di bank, pinjaman kepada                           (i.e. the risk of default occurring over the expected
              karyawan dan jaminan yang dapat dikembalikan                         life of the financial instrument) has not increased
              dengan risiko kredit (misalnya risiko gagal bayar                    significantly since initial recognition, wherein the
              yang terjadi selama umur ekspektasian dari
                                                                                   loss allowances are determined based on the 12-
              instrumen keuangan) tidak meningkat secara
              signifikan sejak pengakuan awal, sehingga                            month ECL.
              penyisihan kerugian ditentukan berdasarkan KKE
              12 bulan.
              Penyisihan kerugian untuk piutang usaha dan                          Loss allowances for trade and other receivables that
              piutang lain-lain yang diukur dengan biaya                           are measured at amortized cost, are measured at an
              perolehan diamortisasi, diukur pada jumlah yang                      amount that represents the lifetime ECL.
              mencerminkan KKE seumur hidup.




                                                                                                                                        22
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                                  3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                            POLICIES (Continued)
     e. Investasi pada entitas asosiasi                                     e. Investments in associates
          Entitas asosiasi adalah suatu entitas di mana Grup                     Associates are those entities in which the Group has
          memiliki pengaruh yang signifikan, namun tidak                         significant influence, but not control (as defined in
          memiliki pengendalian (seperti yang didefinisikan di                   Note 3a) or joint control, over the entities’ financial and
          Catatan 3a) atau pengendalian bersama, atas kebijakan                  operating policies. Significant influence is presumed to
          finansial dan operasional entitas tersebut. Pengaruh                   exist when the Group holds between 20% and 50% of the
          signifikan dianggap ada pada saat Grup memiliki antara                 voting power of the associate.
          20% dan 50% hak suara entitas asosiasi.
          Investasi pada entitas asosiasi dicatat menggunakan                    Investments in associates are accounted for using the
          metode ekuitas dan diakui pada saat awal sebesar harga                 equity method and are recognized initially at cost. When
          perolehan. Pada saat porsi kerugian milik Grup                         the Group’s share of losses exceeds the interests in an
          melebihi jumlah kepentingan di entitas asosiasi, jumlah                equity-accounted associate, the carrying amount of that
          tercatatnya tersebut berkurang sampai nol, dan                         interests is reduced to zero, and the recognition of further
          pengakuan kerugian lebih lanjut dihentikan kecuali                     losses is discontinued except to the extent that the Group
          Grup memiliki kewajiban untuk melakukan                                has an obligation, or has made payments, on behalf of the
          pembayaran, atau telah melakukan pembayaran, atas                      associate.
          nama entitas asosiasi.
     f.   Aset tetap                                                       f. Fixed assets
          Tanah disajikan sebesar harga perolehan (termasuk                   Land is presented at acquisition cost (including legal
          biaya legal untuk memperoleh tanah) dan tidak                       costs incurred in transactions to acquire the land) and is
          diamortisasi.                                                       not amortized.
          Aset tetap lainnya (termasuk aset hak-guna, lihat                      Other fixed assets (including right-of-use assets, see Note
          Catatan 3l) diukur menggunakan model biaya, pada                       3l) are measured using cost model, i.e. initially measured
          awalnya diukur sebesar biaya perolehan dan                             at cost and subsequently net of accumulated depreciation
          selanjutnya dikurangi akumulasi penyusutan dan                         and accumulated impairment losses. Depreciation is
          akumulasi kerugian penurunan nilai. Penyusutan                         computed from the month such assets are ready to be used
          dihitung sejak bulan aset tersebut siap digunakan                      over the following estimated useful lifes:
          dengan estimasi masa manfaatnya berikut:
                                                                Tahun/Years
          Bangunan                                                 8 – 20                                                             Buildings
          Perlengkapan bangunan                                      4                                                     Building equipment
          Peralatan                                                4–8                                                              Equipment
          Kendaraan                                                4–8                                                                 Vehicles
          Peralatan kantor                                         3–8                                                        Office equipment
          Sarana dan prasarana                                     3–8                                           Facilities and infrastructures
          Metode penyusutannya adalah sebagai berikut:                           The depreciation methods are as follows:
          Bangunan                                         Garis lurus/ Straight line                                                Buildings
          Perlengkapan bangunan                            Garis lurus/ Straight line                                     Building equipment
          Peralatan                                        Garis lurus/ Straight line                                              Equipment
          Kendaraan                                        Garis lurus/ Straight line                                                 Vehicles
          Peralatan kantor                                 Garis lurus/ Straight line                                        Office equipment
          Sarana dan prasarana                             Garis lurus/ Straight line                           Facilities and infrastructures
          Aset dalam pembangunan merupakan akumulasi dari                        Assets under construction represent the accumulated
          biaya-biaya bahan, peralatan serta biaya lainnya yang                  costs of materials, equipment and other costs directly
          berkaitan langsung dengan penyelesaian aset tetap,                     related to construction of fixed assets, including
          termasuk biaya pinjaman. Akumulasi biaya tersebut                      borrowing costs. The accumulated cost is reclassified to
          akan direklasifikasi ke dalam kategori aset tetap yang                 the related categories of fixed assets when that asset
          bersangkutan pada saat pekerjaan selesai dan aset                      under construction is completed and ready for its
          tersebut siap untuk digunakan sesuai dengan tujuannya.                 intended use.




                                                                                                                                             23
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                         POLICIES (Continued)
     f.   Aset tetap (Lanjutan)                                          f.   Fixed assets (Continued)
          Biaya pinjaman yang berhubungan langsung dengan                     Borrowing costs directly attributable to the acquisition
          perolehan atau konstruksi aset kualifikasian                        or construction of qualifying assets are capitalized as
          dikapitalisasi sebagai bagian dari nilai perolehan aset             part of the cost of those assets. Capitalization of
          tersebut. Kapitalisasi biaya pinjaman dihentikan ketika             borrowing costs ceases when the qualifying assets are
          aset kualifikasian tersebut telah diperoleh atau                    acquired or their constructions are completed and ready
          konstruksinya selesai dan siap untuk digunakan.                     for use.
          Beban pemeliharaan normal dibebankan ke laba rugi                   Normal maintenance expenses are charged to the current
          konsolidasian periode berjalan; sedangkan pemugaran,                period consolidated profit or loss; while renovation,
          penambahan dan perluasan yang menambah masa                         betterments, and expansion that increase the useful life or
          manfaat atau kapasitas aset tetap dikapitalisasi. Aset              capacity of the assets are capitalized. Fixed assets that are
          tetap yang tidak digunakan lagi atau dijual, dikeluarkan            no longer utilized or sold are removed from fixed assets,
          dari aset tetap, dan laba atau rugi yang terjadi diakui di          and the gains or losses are recognized in the current
          laba rugi konsolidasian periode berjalan.                           period consolidated profit or loss.
          Masa manfaat dan metode penyusutan (termasuk nilai                 The useful lives, residual values and depreciation method
          residu) ditelaah sekurang-kurangnya pada setiap                    are reviewed at least at each reporting date, with the effect
          tanggal pelaporan dan dampak dari perubahan estimasi               of any changes in estimate accounted for on a prospective
          tersebut diperlakukan secara prospektif.                           basis.
     g.   Aset takberwujud                                                g. Intangible assets
          Aset takberwujud yang diperoleh, yang terdiri dari                  The acquired intangible assets, which comprise customer
          kontrak dengan pelanggan, hubungan dengan                           contracts, customer relationships, computer software
          pelanggan, ijin perangkat lunak komputer, perangkat                 licenses, customer relationship software and its
          lunak untuk customer relationship dan perangkat keras               corresponding hardwares have finite useful lives, and are
          terkait memiliki masa manfaat yang terbatas, dan diukur             measured at cost less accumulated amortization and
          pada biaya perolehan dikurangi akumulasi amortisasi                 accumulated impairment losses.
          dan akumulasi kerugian penurunan nilai.
          Amortisasi diakui di laba atau rugi atas dasar garis lurus          Amortization is recognized in profit or loss on a straight-
          selama estimasi masa manfaat aset takberwujud                       line basis over the estimated useful lives of intangible
          tersebut, sejak tanggal aset tersebut tersedia untuk                assets, from the date they are available for use. The
          digunakan. Estimasi masa manfaat dari aset                          estimated useful lives of the Group’s acquired intangible
          takberwujud yang diperoleh Grup adalah 8 tahun.                     assets is 8 years.
          Pengeluaran selanjutnya dikapitalisasi hanya ketika                 Subsequent expenditures are capitalized only when they
          pengeluaran tersebut meningkatkan manfaat ekonomik                  increase the future economic benefits embodied in the
          masa depan dari aset yang bersangkutan.                             specific asset to which they relate.
          Aset takberwujud juga termasuk biaya legal yang                     Intangible assets also include deferred legal costs incurred
          ditangguhkan, yang timbul pada saat memperbaharui                   in transactions to renew land rights, which are amortized
          hak atas tanah, yang diamortisasi atas dasar garis lurus            on a straight-line basis over the usage term of the rights.
          selama jangka waktu hak tersebut.
     h.   Penurunan nilai aset nonkeuangan                                h. Impairment of non-financial assets
          Pada setiap tanggal pelaporan, Grup menelaah nilai                 At each reporting date, the Group assesess the carrying
          tercatat aset nonkeuangan untuk menentukan apakah                  amount of non-financial assets to determine whether there
          terdapat indikasi penurunan nilai. Jika terdapat indikasi          is any indication of impairment. If any such indication
          tersebut, nilai terpulihkan aset nonkeuangan tersebut              exists, then the recoverable amount of the non-financial
          diestimasi.                                                        asset is estimated.
          Kerugian penurunan nilai diakui apabila nilai tercatat             An impairment loss is recognized if the carrying amount of
          suatu aset atau unit penghasil kas melebihi nilai                  an asset or a cash-generating unit exceeds its recoverable
          terpulihkan. Unit penghasil kas adalah kelompok aset               amount. A cash-generating unit is the smallest identifiable
          terkecil teridentifikasi yang menghasilkan arus kas                asset group that generates cash flows that largely are
          masuk yang sebagian besar independen dari aset                     independent from other assets. Impairment losses are
          lainnya. Kerugian penurunan nilai diakui di laba rugi              recognized in the consolidated profit or loss.
          konsolidasian.
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                        POLICIES (Continued)
     h. Penurunan nilai aset nonkeuangan (Lanjutan)                      h. Impairment of non-financial assets (Continued)
        Nilai terpulihkan dari suatu aset atau unit penghasil kas           The recoverable amount of an asset or a cash-generating
        adalah nilai tertinggi antara nilai wajar dikurangi biaya           unit is the greater of its fair value less cost to sell and its
        untuk menjualnya dengan nilai pakainya. Dalam                       value in use. In assessing value in use, the estimated future
        menaksir nilai pakai, estimasi arus kas masa depan                  cash flows are discounted to their present value using a
        didiskonto ke nilai kininya menggunakan tingkat                     pre-tax discount rate that reflects current market
        diskonto sebelum pajak yang mencerminkan penilaian                  assessments of the time value of money and the risks
        pasar kini atas nilai waktu dari uang dan risiko spesifik           specific to the asset or cash-generating unit.
        atas aset atau unit penghasil kas tersebut.
        Kerugian penurunan nilai yang diakui di periode                     Impairment losses recognized in prior periods are
        sebelumnya ditelaah pada setiap tanggal pelaporan                   assessed at each reporting date for any indications that
        apakah terdapat indikasi bahwa kerugian telah menurun               the loss has decreased or no longer exists. An impairment
        atau tidak ada lagi. Rugi penurunan nilai dibalik jika              loss is reversed if there has been a change in the estimates
        terdapat perubahan estimasi yang digunakan untuk                    used to determine the recoverable amount. An impairment
        menentukan nilai terpulihkannya. Rugi penurunan nilai               loss is reversed only to the extent that the asset or cash-
        dibalik hanya sebatas nilai tercatat aset atau unit                 generating unit’s carrying amount does not exceed the
        penghasil kas tersebut tidak melebihi nilai tercatat yang           carrying amount that would have been determined, net of
        ditentukan, neto setelah dikurangi penyusutan atau                  depreciation or amortization, if no impairment loss had
        amortisasi, bila kerugian penurunan nilai tidak diakui.             been recognized.
     i. Provisi                                                          i. Provisions
        Provisi diakui jika, sebagai akibat peristiwa masa lalu,            A provisions is recognized if, as a result of a past event,
        Grup memiliki kewajiban masa kini, baik bersifat hukum              the Group has a present legal or constructive obligation
        maupun bersifat konstruktif, yang dapat diestimasi secara           that can be estimated reliably and it is probable that an
        andal dan kemungkinan besar arus keluar manfaat                     outflow of economic benefits will be required to settle the
        ekonomi akan diperlukan untuk menyelesaikan                         obligation. Provisions are determined by discounting the
        kewajiban tersebut. Provisi ditentukan dengan                       expected future cash flows at a pre-tax rate that reflects
        mendiskontokan estimasi arus kas masa depan pada                    current market assessments of the time value of money and
        tingkat diskonto sebelum pajak yang mencerminkan                    the risks specific to the liability.
        penilaian pasar saat ini atas nilai waktu dari uang dan
        risiko spesifik terhadap liabilitas tersebut.
     j. Kontrak asuransi dan reasuransi                                  j.   Insurance and reinsurance contracts
         Kontrak di mana Grup menerima risiko asuransi yang                   Contracts under which the Group accepts significant
         signifikan diklasifikasikan sebagai kontrak asuransi.                insurance risk are classified as insurance contracts.
         Kontrak yang dimiliki oleh Grup di mana Grup                         Contracts held by the Group under which it transfers
         mengalihkan risiko asuransi signifikan yang terkait                  significant insurance risk related to underlying insurance
         dengan kontrak asuransi dasar diklasifikasikan sebagai               contracts are classified as reinsurance contracts.
         kontrak reasuransi. Kontrak asuransi dan reasuransi juga             Insurance and reinsurance contracts also expose the
         menimbulkan eksposur risiko keuangan pada Grup.                      Group to financial risk.
         Grup mengklasifikasikan seluruh kontrak asuransi dan                 The Group classifies all insurance contracts and
         kontrak reasuransi sebagai kontrak asuransi tanpa fitur              reinsurance contracts as insurance contracts without
         partisipasi langsung. Beberapa dari kontrak ini diukur               direct participation features. Some of these contracts are
         menggunakan Pendekatan Alokasi Premi (PAP).                          measured under Premium Allocation Approach (PAA).




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                                 3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                           POLICIES (Continued)
     j.   Kontrak asuransi dan reasuransi (Lanjutan)                      j. Insurance and reinsurance contracts (Continued)
          i. Tingkat agregasi                                                i. Level of aggregation
              Tingkat agregasi untuk Grup ditentukan dengan                       The level of aggregation for the Group is determined
              mengidentifikasi portofolio kontrak asuransi                        by identifying portfolios of insurance contracts based
              berdasarkan bagaimana Grup mengelola bisnisnya.                     on how the Group manages its business. Each portfolio
              Setiap portofolio terdiri dari kontrak-kontrak yang                 comprises contracts that are subject to similar risks
              menghadapi risiko serupa dan dikelola bersama, serta                and are managed together and dividing each portfolio
              membagi setiap portofolio menjadi kohort tahunan                    into annual cohorts (i.e. by year of issue) and each
              (yaitu berdasarkan tahun penerbitan) dan setiap                     annual cohort into three groups based on the
              kohort tahunan dibagi menjadi tiga kelompok                         profitability of contracts:
              berdasarkan profitabilitas kontrak:
              • kontrak apa pun yang merugikan pada pengakuan                     • any contracts that are onerous at initial recognition;
                awal;
              • kontrak apa pun yang, pada pengakuan awal, tidak                  • any contracts that, on initial recognition, have no
                memiliki kemungkinan signifikan untuk menjadi                       significant possibility of becoming onerous
                merugikan di kemudian hari; dan                                     subsequently; and
              • kontrak-kontrak yang tersisa dalam kohort                         • any remaining contracts in the annual cohort.
                 tahunan.
              Grup mengasumsikan bahwa tidak ada kontrak yang                     The Group assumes that no contracts are onerous at
              merugikan pada pengakuan awal kecuali fakta dan                     initial recognition unless facts and circumstances
              keadaan menunjukkan sebaliknya. Untuk kontrak                       indicate otherwise. For contracts that are not onerous,
              yang tidak merugikan, Grup menilai, pada pengakuan                  the Group assesses, at initial recognition, that there is
              awal, bahwa tidak ada kemungkinan signifikan untuk                  no significant possibility of becoming onerous
              menjadi merugikan di kemudian hari dengan menilai                   subsequently by assessing the likelihood of changes in
              kemungkinan perubahan dalam fakta dan keadaan                       applicable facts and circumstances.
              yang berlaku.
              Setiap kelompok kontrak asuransi selanjutnya dibagi                 Each group of insurance contracts is further divided by
              menurut tahun underwriting yang selaras dengan                      underwriting year which is aligned with the Group's
              tahun keuangan dan kalender Grup. Kelompok yang                     financial and calendar year. The resulting groups
              dihasilkan mewakili tingkat di mana kebijakan                       represent the level at which the recognition and
              akuntansi pengakuan dan pengukuran diterapkan.                      measurement accounting policies are applied. The
              Kelompok-kelompok ini ditetapkan pada pengakuan                     groups are established on initial recognition and their
              awal dan komposisinya tidak dinilai kembali di                      composition is not reassessed subsequently.
              kemudian hari.
          ii. Pengakuan                                                     ii.   Recognition
               Grup mengakui kelompok kontrak asuransi yang                       The Group recognizes a group of insurance contracts
               diterbitkan dari yang paling awal dari berikut:                    issued from the earliest of the following:
               a. Awal periode pertanggungan kelompok kontrak.                     a. The beginning of the coverage period of the group
                                                                                      of contracts.
               b. Tanggal ketika pembayaran pertama dari                           b. The date when the first payment from a
                  pemegang polis dalam kelompok kontrak                               policyholder in the group of insurance contracts
                  asuransi menjadi jatuh tempo.                                       becomes due.
               c. Tanggal    ketika     fakta    dan   keadaan                     d. The date when facts and circumstances indicate
                  mengindikasikan bahwa kelompok, dimana                              that the group, to which an insurance contract
                  sebuah       kontrak        asuransi    akan                        belong, is onerous.
                  ditempatkan/dimasukkan, menjadi merugikan.




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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                                  3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                            POLICIES (Continued)
     j.   Kontrak asuransi dan reasuransi (Lanjutan)                    j. Insurance and reinsurance contracts (Continued)
           ii. Pengakuan (Lanjutan)                                        ii. Recognition (Continued)

               Grup mengakui kelompok kontrak reasuransi yang                       The Group recognises a group of reinsurance
               dimilikinya yang telah dijalankan dari yang lebih                    contracts held it has entered into from the earlier of
               awal dari hal-hal berikut:                                           the following:
               a. Awal periode pertanggungan dari kelompok                           a.   The beginning of the coverage period of the
                  kontrak reasuransi yang dimiliki; dan                                   group of reinsurance contracts held; and
               b. Tanggal Grup mengakui kelompok kontrak                             b.   The date the Group recognises an onerous
                  asuransi dasar yang merugikan jika Grup                                 group of underlying insurance contracts if the
                  memasuki kontrak reasuransi terkait dalam                               Group entered into the related reinsurance
                  kelompok kontrak reasuransi yang dimiliki                               contract held in the group of reinsurance
                  pada atau sebelum tanggal tersebut.                                     contracts held at or before that date.
          iii. Arus kas akuisisi asuransi                                   iii.    Insurance acquisition cash flow
              Arus kas akuisisi asuransi dialokasikan ke                            Insurance acquisition cash flows are allocated to
              kelompok kontrak asuransi menggunakan metode                          groups of insurance contracts using a systematic and
              yang       sistematis    dan     rasional     serta                   rational method and considering, in an unbiased way,
              mempertimbangkan, secara objektif, semua                              all reasonable and supportable information that is
              informasi yang wajar dan dapat didukung yang                          available without undue cost or effort.
              tersedia tanpa biaya atau upaya yang berlebihan.
              Pada setiap tanggal pelaporan, jika fakta dan                         At each reporting date, if facts and circumstances
              keadaan menunjukkan bahwa aset untuk arus kas                         indicate that an asset for insurance acquisition cash
              akuisisi asuransi mungkin mengalami penurunan                         flows may be impaired, then the Group recognises an
              nilai, maka Grup mengakui rugi penurunan nilai                        impairment loss in profit or loss.
              dalam laba rugi.
          iv. Batas kontrak                                                 iv. Contract boundaries
              Pengukuran kelompok kontrak asuransi mencakup                     The measurement of a group of insurance contracts
              semua arus kas di masa depan yang berada dalam                    includes all of the future cash flows within the
              batas setiap kontrak dalam kelompok. Arus kas                     boundary of each contract in the group. Cash flows
              berada dalam batas kontrak jika timbul dari hak dan               are within the boundary of a contract if they arise
              kewajiban substantif yang ada selama periode                      from substantive rights and obligations that exist
              pelaporan di mana Grup dapat memaksa pemegang                     during the reporting period under which the Group
              polis untuk membayar premi atau memiliki                          can compel the policyholder to pay premiums or has
              kewajiban substantif untuk menyediakan layanan.                   substantive obligation to provide services.
          v. Pengukuran - kontrak yang tidak diukur                          v. Measurement – contracts not measured under the
              menggunakan PAP                                                   PAA
              Kontrak Asuransi – Pengukuran Awal                                Insurance Contracts – Initial Measurement
              Pada saat pengakuan awal, Grup mengukur                               On initial recognition, the Group measures a group of
              kelompok kontrak asuransi sebagai total dari arus                     insurance contracts as the total of the fulfilment cash
              kas pemenuhan, yang terdiri dari estimasi arus kas                    flows, which comprise estimates of future cash flows,
              masa     depan,    yang     disesuaikan     untuk                     adjusted to reflect the time value of money and the
              mencerminkan nilai waktu uang dan risiko                              associated financial risks, and a risk adjustment for
              keuangan terkait, serta penyesuaian risiko untuk                      non-financial risk; and the Contractual Service
              risiko nonkeuangan; dan Marjin Jasa Kontraktual                       Margin (“CSM”). The fulfilment cash flows of a group
              (“MJK”). Arus kas pemenuhan dari kelompok                             of insurance contracts do not reflect the Group's non-
              kontrak asuransi tidak mencerminkan risiko                            performance risk.
              ketidakpatuhan Grup.



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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                         POLICIES (Continued)
     j.   Kontrak asuransi dan reasuransi (Lanjutan)                      j.   Insurance and reinsurance contracts (Continued)
          v.   Pengukuran - kontrak yang tidak diukur                          v. Measurement – contracts not measured under the
               menggunakan PAP (Lanjutan)                                         PAA (Continued)
               Kontrak Asuransi – Pengukuran Awal (Lanjutan)                      Insurance Contracts – Initial Measurement
                                                                                  (Continued)
               MJK       dari   kelompok      kontrak     asuransi                The CSM of a group of insurance contracts represents
               mencerminkan laba yang belum dihasilkan yang                       the unearned profit that the Group will recognise as it
               akan diakui Grup seiring dengan pemberian jasa                     provides services under those contracts. On initial
               berdasarkan kontrak tersebut. Pada pengakuan awal                  recognition of a group of insurance contracts, if the
               kelompok kontrak asuransi, jika total dari arus kas                total of the fulfilment cash flows is a net inflow, then
               pemenuhan merupakan arus kas masuk neto, maka                      the group is not onerous. In this case, the CSM is
               kelompok tersebut adalah tidak merugikan. Dalam                    measured as the equal and opposite amount of the net
               hal ini, MJK diukur sebesar jumlah yang sama dan                   inflow, which results in no income or expenses arising
               berlawanan dari arus kas masuk neto tersebut,                      on initial recognition.
               sehingga tidak menghasilkan pendapatan atau
               beban pada saat pengakuan awal.
               Kontrak Asuransi – Pengukuran Selanjutnya                           Insurance Contracts – Subsequent Measurement
               Nilai tercatat kelompok kontrak asuransi pada                       The carrying amount of a group of insurance
               setiap tanggal pelaporan adalah jumlah dari                         contracts at each reporting date is the sum of the
               liabilitas untuk cakupan sisa dan liabilitas untuk                  liability for remaining coverage and the liability for
               klaim terjadi.                                                      incurred claims.
               Liabilitas untuk cakupan sisa terdiri dari:                         The liability for remaining coverage comprises:
               •     Arus kas pemenuhan yang terkait dengan jasa                   •     The fulfilment cash flows that relate to services
                     yang akan diberikan berdasarkan kontrak di                          that will be provided under the contracts in
                     periode masa depan; dan                                             future periods; and
                •    Setiap sisa MJK pada tanggal tersebut.                        •     Any remaining CSM at that date.
               Liabilitas untuk klaim terjadi mencakup arus kas                    The liability for incurred claims includes the fulfilment
               pemenuhan untuk klaim yang telah terjadi dan                        cash flows for incurred claims and expenses that have
               biaya-biaya yang belum dibayar, termasuk klaim                      not yet been paid, including claims that have been
               yang telah terjadi namun belum dilaporkan.                          incurred but not yet reported (IBNR).
               Pada tanggal pelaporan, arus kas pemenuhan dari                     At the reporting date, the fulfilment cash flows of
               kelompok kontrak asuransi diukur menggunakan                        groups of insurance contracts are measured using
               estimasi terkini dari arus kas masa depan, tingkat                  current estimates of future cash flows, current
               diskonto terkini, dan estimasi terkini atas                         discount rates and current estimates of the risk
               penyesuaian risiko untuk risiko nonkeuangan.                        adjustment for non-financial risk. Changes in
               Perubahan pada arus kas pemenuhan diakui sebagai                    fulfilment cash flows are recognised as follows.
               berikut.
               Nilai tercatat MJK pada setiap tanggal pelaporan                    The carrying amount of the CSM at each reporting
               adalah nilai tercatat pada awal tahun, yang                         date is the carrying amount at the start of the year,
               disesuaikan untuk:                                                  adjusted for:
               • Bunga yang diakresi pada nilai tercatat MJK                       • Interest accreted on the carrying amount of the
                   selama tahun berjalan.                                              CSM during the year.
               • Perubahan arus kas pemenuhan yang berkaitan                       • Changes in fulfilment cash flows that relate to
                   dengan jasa masa depan.                                             future services.
               • Dampak dari setiap selisih kurs valuta asing                      • The effect of any currency exchange differences on
                   pada MJK; dan                                                       the CSM; and
               • Jumlah yang diakui sebagai pendapatan                             • The amount recognised as insurance revenue
                   asuransi karena jasa yang diberikan pada tahun                      because of the services provided in the year (see
                   berjalan (lihat (viii)).                                            (viii)).

                                                                                                                                         28
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                       POLICIES (Continued)
     j.   Kontrak asuransi dan reasuransi (Lanjutan)                    j.   Insurance and reinsurance contracts (Continued)
          v. Pengukuran - kontrak yang tidak diukur                          v. Measurement – contracts not measured under the
              menggunakan PAP (Lanjutan)                                         PAA (Continued)
              Kontrak Reasuransi                                                 Reinsurance Contracts
              Untuk mengukur kelompok kontrak reasuransi,                       To measure a group of reinsurance contracts, the
              Grup menerapkan kebijakan akuntansi yang sama                     Group applies the same accounting policies as are
              dengan yang diterapkan pada kontrak asuransi                      applied to insurance contracts without direct
              tanpa fitur partisipasi langsung, dengan modifikasi               participation     features,   with     the    following
              sebagai berikut.                                                  modifications.
              Nilai tercatat kelompok kontrak reasuransi pada                   The carrying amount of a group of reinsurance
              setiap tanggal pelaporan adalah jumlah dari aset                  contracts at each reporting date is the sum of the asset
              untuk cakupan sisa dan aset untuk klaim terjadi.                  for remaining coverage and the asset for incurred
              Aset untuk cakupan sisa terdiri dari:                             claims. The asset for remaining coverage comprises:
              a) Arus kas pemenuhan yang berkaitan dengan                       a)     The fulfilment cash flows that relate to services
                   jasa yang akan diterima berdasarkan kontrak                         that will be received under the contracts in
                   di periode masa depan; dan                                          future periods and
              b) Setiap sisa MJK pada tanggal tersebut.                         b)     Any remaining CSM at that date.
              Grup mengukur estimasi nilai kini arus kas masa                   The Group measures the estimates of the present value
              depan menggunakan asumsi yang konsisten dengan                    of future cash flows using assumptions that are
              asumsi yang digunakan untuk mengukur estimasi                     consistent with those used to measure the estimates of
              nilai kini arus kas masa depan untuk kontrak                      the present value of future cash flows for the
              asuransi dasar, dengan penyesuaian untuk setiap                   underlying insurance contracts, with an adjustment
              risiko ketidakpatuhan oleh reasuradur.                            for any risk of non-performance by the reinsurer.
              Pada pengakuan awal, MJK dari kelompok kontrak                    On initial recognition, the CSM of a group of
              reasuransi mencerminkan biaya neto atau                           reinsurance contracts represents a net cost or net gain
              keuntungan neto atas pembelian reasuransi.                        on purchasing reinsurance. However, if any net cost
              Namun, jika ada biaya neto atas pembelian cakupan                 on purchasing reinsurance coverage relates to
              reasuransi yang berkaitan dengan peristiwa                        insured events that occurred before the purchase of
              asuransi yang terjadi sebelum pembelian oleh                      the Group, then the Group recognises the cost
              Grup, maka Grup segera mengakui biaya tersebut                    immediately in profit or loss as an expense.
              dalam laba rugi sebagai beban.
              Reasuransi atas Kontrak Asuransi Dasar yang                       Reinsurance of onerous underlying insurance
              Merugikan                                                         contracts
              Grup menyesuaikan MJK dari kelompok kontrak                       The Group adjusts the CSM of the group to which a
              reasuransi terkait dan sebagai hasilnya mengakui                  reinsurance contract belongs and as a result
              pendapatan ketika Perseroan mengakui kerugian                     recognises income when it recognises a loss on initial
              pada pengakuan awal dari kontrak dasar yang                       recognition of onerous underlying contracts, the
              merugikan, dengan catatan kontrak reasuransi                      reinsurance contract is entered into before or at the
              tersebut dijalin sebelum atau pada saat yang sama                 same time as the onerous underlying contracts are
              dengan pengakuan kontrak dasar yang merugikan                     recognised.
              tersebut.




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                        POLICIES (Continued)
     j.   Kontrak asuransi dan reasuransi (Lanjutan)                     j.   Insurance and reinsurance contracts (Continued)
          vi. Pengukuran        -   kontrak     yang      diukur              vi. Measurement – contracts measured under the PAA
              menggunakan PAP
              Grup menggunakan PAP untuk menyederhanakan                         The Group uses the PAA to simplify the measurement
              pengukuran kelompok kontrak asuransi jika kriteria                 of groups of insurance contracts when the following
              berikut terpenuhi:                                                 criteria are met:
              •    Masa pertanggungan dari setiap kontrak                        • The coverage period of each contract in the group
                   dalam kelompok tersebut adalah satu tahun                         is one year or less.
                   atau kurang.
              •    Kontrak asuransi dengan masa pertanggungan                    •   Insurance contracts with a coverage period
                   lebih dari satu tahun di mana Grup                                greater than one year for which the Group
                   memperkirakan       secara    wajar      bahwa                    reasonably expects that the resulting measurement
                   pengukuran aset untuk cakupan sisa yang                           of the asset for remaining coverage would not
                   dihasilkan tidak akan berbeda secara material                     differ materially from the result of applying the
                   dari hasil penerapan kebijakan akuntansi pada                     accounting policies in (v). The assessment of 'not
                   poin (v). Penilaian 'tidak berbeda secara                         differing materially' is quantitatively evaluated by
                   material' dievaluasi secara kuantitatif dengan                    comparing projections of the liability for
                   membandingkan proyeksi liabilitas untuk                           remaining coverage under the PAA with those
                   cakupan sisa berdasarkan PAP dengan                               calculated applying the accounting policies in (v)
                   proyeksi berdasarkan kebijakan akuntansi (v)                      across the full duration of the contract Company.
                   di sepanjang seluruh durasi kontrak.
                   -     Penilaian Materialitas: Penilaian ini                       -    Materiality Assessment: This assessment
                         melibatkan analisis terhadap pola                                involves an analysis of the projected release
                         pelepasan yang diproyeksikan dari aset                           patterns of the asset for remaining coverage
                         untuk cakupan sisa ke laba rugi dan                              to profit or loss and considers the effects of
                         mempertimbangkan dampak nilai waktu                              the time value of money and a variety of
                         uang serta berbagai skenario yang                                reasonably possible scenarios.
                         mungkin terjadi secara wajar.
                    -    Ambang Batas Materialitas: Perbedaan                        -    Threshold for Materiality: A difference
                         yang melebihi nilai 1% dari perolehan                            exceeding 1% of current-year premiums for
                         premi pada tahun berjalan untuk                                  the remaining coverage at year-end is
                         cakupan sisa pada akhir kuartal mana                             considered material.
                         pun dianggap material.
              Kontrak Asuransi                                                   Insurance Contracts
              Pada saat pengakuan awal setiap kelompok                           On initial recognition of each group of contracts, the
              kontrak, nilai tercatat liabilitas untuk cakupan sisa              carrying amount of the liability for remaining
              diukur sebesar premi yang diterima pada saat                       coverage is measured at the premiums received on
              pengakuan awal dikurangi arus kas akuisisi                         initial recognition minus any insurance acquisition
              asuransi yang dialokasikan ke kelompok tersebut                    cash flows allocated to the group at that date. The
              pada tanggal tersebut. Grup memilih untuk tidak                    Group has chosen not to expense insurance
              membebankan arus kas akuisisi asuransi pada saat                   acquisition cash flows when they are incurred.
              terjadinya.




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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                        POLICIES (Continued)
     j. Kontrak asuransi dan reasuransi (Lanjutan)                     j.   Insurance and reinsurance contracts (Continued)
        vi. Pengukuran     -    kontrak    yang    diukur                   vi. Measurement – contracts measured under the PAA
            menggunakan PAP (Lanjutan)                                          (Continued)
             Kontrak Asuransi (Lanjutan)                                           Insurance Contracts (Continued)
             Selanjutnya, nilai tercatat liabilitas untuk cakupan                  Subsequently, the carrying amount of the liability for
             sisa ditambah dengan premi yang diterima dan                          remaining coverage is increased by any premiums
             amortisasi arus kas akuisisi asuransi yang diakui                     received and the amortisation of insurance acquisition
             sebagai beban, serta dikurangi dengan jumlah yang                     cash flows recognised as expenses, and decreased by
             diakui sebagai pendapatan asuransi atas jasa yang                     the amount recognised as insurance revenue for
             diberikan dan arus kas akuisisi asuransi tambahan                     services provided and any additional insurance
             yang dialokasikan setelah pengakuan awal. Pada                        acquisition cash flows allocated after initial
             saat pengakuan awal setiap kelompok kontrak,                          recognition. On initial recognition of each group of
             Grup memperkirakan bahwa jangka waktu antara                          contracts, the Group expects that the time between
             pemberian setiap bagian jasa dan tanggal jatuh                        providing each part of the services and the related
             tempo premi terkait tidak lebih dari satu tahun.                      premium due date is no more than a year. Accordingly,
             Oleh karena itu, Grup memilih untuk tidak                             the Group has chosen not to adjust the liability for
             menyesuaikan liabilitas untuk cakupan sisa guna                       remaining coverage to reflect the time value of money
             mencerminkan nilai waktu uang dan dampak risiko                       and the effect of financial risk.
             keuangan.
             Jika sewaktu-waktu selama masa pertanggungan                          If at any time during the coverage period facts and
             terdapat fakta dan keadaan yang menunjukkan                           circumstances indicate that a group of contracts is
             bahwa suatu kelompok kontrak bersifat merugikan,                      onerous, then the Group recognises a loss in profit or
             maka Grup mengakui kerugian dalam laba rugi.                          loss.
             Grup mengakui liabilitas untuk klaim terjadi dari                     The Group recognises the liability for incurred claims
             kelompok kontrak asuransi sebesar jumlah arus kas                     of a group of insurance contracts at the amount of the
             pemenuhan yang berkaitan dengan klaim terjadi.                        fulfilment cash flows relating to incurred claims. The
             Arus kas masa depan didiskontokan (pada tingkat                       future cash flows are discounted (at current rates)
             suku bunga terkini) kecuali jika arus kas tersebut                    unless they are expected to be paid in one year or less
             diperkirakan akan dibayar dalam waktu satu tahun                      from the date the claims are incurred.
             atau kurang sejak tanggal klaim terjadi.
             Kontrak Reasuransi                                                    Reinsurance Contracts
             Grup menerapkan kebijakan akuntansi yang sama                         The Group applies the same accounting policies to
             untuk mengukur kelompok kontrak reasuransi,                           measure a group of reinsurance contracts, adapted
             yang disesuaikan jika diperlukan untuk                                where necessary to reflect features that differ from
             mencerminkan fitur-fitur yang berbeda dari kontrak                    those of insurance contracts.
             asuransi.
        vii. Penghentian pengakuan dan modifikasi                           vii.   Derecognition and contract modification
             kontrak
             Grup menghentikan pengakuan suatu kontrak                             The Group derecognises a contract when it is
             ketika kontrak tersebut berakhir - yaitu ketika                       extinguished - i.e. when the specified obligations in the
             kewajiban yang ditentukan dalam kontrak telah                         contract expire or are discharged or cancelled.
             kedaluwarsa, dipenuhi, atau dibatalkan.
             Jika suatu kontrak dihentikan pengakuannya karena                     If a contract is derecognised because it is transferred
             dialihkan ke pihak ketiga, maka CSM juga                              to a third party, then the CSM is also adjusted for the
             disesuaikan dengan premi yang dikenakan oleh                          premium charged by the third party, unless the group
             pihak ketiga tersebut, kecuali jika kelompok                          is onerous or where the group has no remaining
             kontrak bersifat merugikan atau jika kelompok                         coverage period.
             tersebut tidak lagi memiliki sisa masa
             pertanggungan.



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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                            3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                      POLICIES (Continued)
     j. Kontrak asuransi dan reasuransi (Lanjutan)                    j. Insurance and reinsurance contracts (Continued)
        vii. Penghentian pengakuan dan modifikasi                        vii. Derecognition    and     contract    modification
             kontrak (Lanjutan)                                               (Continued)
             Untuk      kelompok      kontrak    yang     diukur               For a group of contracts measured under the PAA, a
             menggunakan PAP, sebuah kontrak dihentikan                        contract is derecognised from the Group by removing
             pengakuannya dari Grup dengan mengeluarkan                        the portion of the carrying amount of the group that
             bagian dari nilai tercatat kelompok yang terkait                  relates to the rights and obligations extinguished. The
             dengan hak dan kewajiban yang telah berakhir.                     difference between the carrying amount derecognised
             Selisih antara nilai tercatat yang dihentikan                     and any consideration paid is recognised in profit or
             pengakuannya dan imbalan yang dibayarkan diakui                   loss.
             dalam laba rugi.
       viii. Presentasi                                                   viii. Presentation
             Portofolio kontrak asuransi yang merupakan aset                    Portfolios of insurance contracts that are assets and
             dan yang merupakan liabilitas, serta portofolio                    those that are liabilities, and portfolios of reinsurance
             kontrak reasuransi yang merupakan aset dan yang                    contracts that are assets and those that are liabilities,
             merupakan liabilitas, disajikan secara terpisah                    are presented separately in the statement of financial
             dalam laporan posisi keuangan.                                     position.
             Liabilitas kontrak asuransi disajikan dalam                        Insurance contract liabilities are presented in current
             liabilitas jangka pendek, dan aset kontrak                         liabilities, and reinsurance contract assets are
             reasuransi disajikan dalam aset lancar, sesuai                     presented in current assets, in accordance with
             dengan siklus operasi normal dari bisnis asuransi                  normal operating cycle of the Group's insurance
             Grup.                                                              business.
             Pendapatan asuransi dan beban jasa asuransi tidak                  Insurance revenue and insurance service expenses
             mencakup komponen investasi apapun.                                exclude any investment components.
       ix. Transisi                                                       ix. Transition
             Pada 1 Januari 2024, Grup menerapkan pendekatan                    At 1 January 2024, the Group applied modified
             retrospektif     yang       dimodifikasi      untuk                retrospective approach to identify and measure all
             mengidentifikasi dan mengukur seluruh kelompok                     groups of contracts on transition to PSAK 117.
             kontrak pada saat transisi ke PSAK 117.
             Tujuan dari pendekatan retrospektif yang                          The objective of the modified retrospective approach
             dimodifikasi adalah untuk mencapai hasil sedekat                  was to achieve the closest outcome to retrospective
             mungkin       dengan      penerapan     retrospektif              application possible using reasonable and
             menggunakan informasi relevan dan terandalkan                     supportable information available without undue cost
             yang tersedia tanpa biaya atau upaya berlebihan.                  or effort. The Group applied each of the following
             Grup menerapkan setiap modifikasi berikut hanya                   modifications only to the extent that the Group did not
             sepanjang Grup tidak memiliki informasi relevan                   have reasonable and supportable information to apply
             dan terandalkan untuk menerapkan PSAK 117                         PSAK 117 retrospectively.
             secara retrospektif.
             Kontrak Asuransi                                                  Insurance Contracts

            Grup menerapkan modifikasi berikut untuk                           The Group applied the following modifications to
            kelompok kontrak tertentu:                                         certain groups of contracts:
            •   Untuk kelompok kontrak yang diterbitkan,                       •    For groups of contracts issued, initiated or
                diinisiasi, atau diperoleh antara tahun 2014                        acquired between 2014 and 2023, the future cash
                dan 2023, arus kas masa depan pada saat                             flows on initial recognition were estimated by
                pengakuan       awal     diestimasi    dengan                       adjusting the amount at 1 January 2024 or an
                menyesuaikan jumlah pada 1 Januari 2024                             earlier date (determined retrospectively) for the
                atau tanggal yang lebih awal (yang ditentukan                       cash flows that were known to have occurred
                secara retrospektif) untuk arus kas yang                            before that date.
                diketahui telah terjadi sebelum tanggal
                tersebut.

                                                                                                                                      32
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                  PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                         POLICIES (Continued)
     j. Kontrak asuransi dan reasuransi (Lanjutan)                       j.   Insurance and reinsurance contracts (Continued)
        ix. Transisi (Lanjutan)                                               ix. Transition (Continued)
              Kontrak Asuransi (Lanjutan)                                         Insurance Contracts (Continued)
              •     Untuk kelompok kontrak yang diterbitkan,                      •    For groups of contracts issued, initiated or
                    diinisiasi, atau diperoleh antara tahun 2014                       acquired between 2014 and 2019, the illiquidity
                    dan 2019, premi ilikuiditas yang diterapkan                        premiums applied to the risk-free yield curves on
                    pada kurva imbal hasil bebas risiko (risk-free                     initial recognition were estimated by determining
                    yield curves) pada saat pengakuan awal                             an average spread between the risk-free yield
                    diestimasi dengan menentukan selisih rata-                         curves and the discount rates determined
                    rata antara kurva imbal hasil bebas risiko dan                     retrospectively for the period between
                    tingkat diskonto yang ditentukan secara                            1 January 2020 and 1 January 2024.
                    retrospektif     untuk      periode     antara
                    1 Januari 2020 dan 1 Januari 2024.
              •     Untuk       beberapa    kelompok      kontrak,                •    For some groups of contracts, the risk adjustment
                    penyesuaian risiko untuk risiko nonkeuangan                        for non-financial risk on initial recognition was
                    pada saat pengakuan awal ditentukan dengan                         determined by adjusting the amount at
                    menyesuaikan jumlah pada 1 Januari 2024                            1 January 2024 for the expected release of risk
                    terhadap pelepasan risiko ekspektasian                             before 1 January 2022.
                    sebelum 1 Januari 2022.
             Reasuransi atas Kontrak Dasar yang Merugikan                         Reinsurance of onerous underlying contracts
             Untuk kelompok kontrak reasuransi yang menjamin                      For groups of reinsurance contracts covering onerous
             kontrak dasar yang merugikan yang dijalin sebelum                    underlying contracts that were entered into before or
             atau pada saat yang sama dengan pengakuan                            at the same time as the onerous underlying contracts,
             kontrak dasar tersebut, Grup menetapkan                              the Group established a loss-recovery component at
             komponen pemulihan-kerugian pada 1 Januari                           1 January 2024.
             2024.
             Untuk kontrak reasuransi yang diinisiasi atau                        For reinsurance contracts initiated or acquired
             diperoleh antara tahun 2014 dan 2023, Grup tidak                     between 2014 and 2023, the Group did not identify a
             mengidentifikasi komponen pemulihan-kerugian                         loss-recovery component because it did not have
             karena tidak memiliki informasi relevan dan                          reasonable and supportable information to do so.
             terandalkan untuk melakukannya.
     k.   Imbalan kerja                                                  k. Employment benefits
          Imbalan pascakerja                                                Post-employment benefits
          Kewajiban imbalan pascakerja dihitung sebesar nilai                 The Group’s net obligation for post-employment benefits is
          kini dari estimasi jumlah imbalan pascakerja di masa                calculated at the present value of estimated future benefits
          depan yang timbul dari jasa yang telah diberikan oleh               that the employees have earned in return for their services
          karyawan pada masa kini dan masa lalu. Perhitungan                  in the current and prior periods. The calculation is
          dilakukan oleh aktuaris berkualifikasi dengan                       performed by a qualified actuary, using the projected unit
          menggunakan metode projected unit credit.                           credit method.
          Keuntungan atau kerugian yang timbul dari pengukuran                Gains or losses arising from actuarial remeasurements of
          kembali aktuarial dari liabilitas imbalan pascakerja                the obligation for post-employment benefits are recognized
          diakui segera dalam penghasilan komprehensif lain.                  immediately in other comprehensive income. When the
          Ketika manfaat atas program berubah atau ketika terjadi             benefits of a plan change or when a plan is curtailed, the
          kurtailmen program, dampak perubahan atas manfaat                   resulting change in benefits that relates to past service or
          sehubungan dengan jasa lalu atau keuntungan atau                    the gain or loss on curtailment is recognized immediately
          kerugian atas kurtailmen diakui segera dalam laba rugi.             in profit or loss.




                                                                                                                                       33
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                                3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                          POLICIES (Continued)
     k. Imbalan kerja (Lanjutan)                                         k. Employment benefits (Continued)
          Imbalan kerja jangka panjang lainnya                                 Other long-term employee benefits
          Kewajiban neto Grup atas imbalan kerja jangka panjang                The Group’s net obligation in respect of long-term
          selain imbalan pascakerja adalah nilai dari imbalan di               employee benefits other than post-employment benefits is
          masa depan yang timbul dari jasa yang telah diberikan                the amount of future benefits that employees have earned
          oleh karyawan pada masa kini dan masa lalu.                          in return for their services in the current and prior periods.
          Keuntungan atau kerugian aktuarial yang timbul diakui                Any actuarial gains and losses are recognized in the
          di laba rugi konsolidasian pada saat terjadi.                        consolidated profit or loss in the period in which they arise.
          Kompensasi berbasis saham                                            Share-based compensations
          Nilai wajar saat tanggal pemberian kompensasi berbasis               The grant-date fair value of share-based compensation
          saham ke karyawan diakui sebagai beban karyawan,                     granted to employees is recognized as an employee
          beserta perubahan terkaitnya di ekuitas, selama periode              expense, with a corresponding change in equity, over the
          sampai dengan karyawan berhak tanpa syarat atas                      period that the employees become unconditionally entitled
          kompensasi tersebut.                                                 to the compensation.
          Nilai yang diakui sebagai beban disesuaikan untuk                    The amount recognized as an expense is adjusted to reflect
          merefleksikan kompensasi yang kondisi jasa dan kinerja               the compensations for which the related service and non-
          bukan-pasarnya diharapkan untuk dipenuhi, sedemikian                 market performance conditions are expected to be met,
          rupa sehingga nilai yang akhirnya diakui sebagai beban               such that the amount ultimately recognized as an expense
          adalah sesuatu yang didasarkan pada kompensasi yang                  is based on the compensations that meet the related service
          memenuhi kondisi jasa dan kinerja bukan-pasar terkait                and non-market performance conditions at the vesting
          pada saat tanggal ketereksekusian (vesting). Untuk                   date. For share-based compensations with market and non-
          kompensasi berbasis saham dengan kondisi pasar dan                   vesting conditions, the respective grant-date fair value is
          non-vesting, nilai wajar saat tanggal pemberiannya                   measured to reflect such conditions and there is no true-up
          diukur untuk merefleksikan kondisi tersebut dan tidak                for differences between expected and actual outcomes.
          terdapat penyesuaian atas selisih antara hasil yang
          diharapkan dan aktualnya.
     l.   Sewa                                                            l.    Leases
          Grup sebagai penyewa                                                  Group as lessee
          Pada tanggal insepsi suatu kontrak, Grup menentukan                   At the inception date of a contract, the Group determines
          apakah suatu kontrak merupakan, atau mengandung,                      whether a contract is, or contains, a lease by considering
          suatu sewa dengan mempertimbangkan apakah kontrak                     whether the contract conveys the right to control the use
          tersebut memberikan hak untuk mengendalikan                           of identifying aset over a period of time in exchange for
          penggunaan suatu aset identifikasian selama suatu                     a consideration. A contract provides the right to control
          jangka waktu untuk dipertukarkan dengan imbalan.                      the use of an identifying asset if all the following
          Suatu kontrak memberikan hak untuk mengendalikan                      conditions are met:
          penggunaan suatu aset identifikasian jikalau semua
          kondisi berikut ini terpenuhi:
          -    Kontrak      melibatkan     penggunaan       secara               -   The contract involves the use of substantially all of
               substansial seluruh kapasitas aset identifikasian                     the capacity of an identified assets that is physically
               yang secara fisik dapat dibedakan (yang                               distinct (as specified explicitly or implicitly in the
               dinyatakan secara eksplisit atau implisit di dalam                    contract). If the supplier has a substantive
               kontrak). Jika pemasok memiliki hak substitusi                        substitution right, then the asset cannot be
               substantif, maka aset tersebut tidak dapat                            considered as identifiable;
               dianggap sebagai teridentifikasi;
           -    Grup memiliki hak untuk memperoleh secara                        -   The Group has the right to obtain substantially all
                substansial seluruh manfaat ekonomi dari                             of the economic benefits from the use of the asset
                penggunaan aset selama periode penggunaan; dan                       throughout the period of use; and
           -    Grup memiliki hak untuk mengarahkan                              -   The Group has the right to direct the use of the asset:
                penggunaan aset yaitu Grup memiliki hak                              i.e. it has decision-making rights that are most
                pengambilan keputusan yang paling relevan untuk                      relevant to changing how and for what purpose the
                mengubah bagaimana dan untuk tujuan apa aset                         asset is used.
                tersebut digunakan.
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI                                                  3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                            POLICIES (Continued)
     l.   Sewa (Lanjutan)                                                 l.   Leases (Continued)
          Grup sebagai penyewa (Lanjutan)                                      Group as lessee (Continued)
          Pada tanggal insepsi atau pada saat penilaian kembali                At inception or on reassessment of a contract that
          suatu kontrak yang mengandung suatu komponen sewa,                   contains a lease component, the Group allocates the
          Grup mengalokasikan imbalan dalam kontrak ke                         consideration in the contract to each lease component on
          masing-masing komponen sewa berdasarkan harga                        the basis of their relative stand-alone prices.
          relatif tersendiri dari komponen sewa.
          Grup mengakui aset hak guna dan liabilitas sewa pada                 The Group recognizes a right-of-use asset and a lease
          tanggal dimulainya sewa. Aset hak guna awalnya                       liability at the lease commencement date. The right-of-
          diukur pada biaya perolehan, yang terdiri dari jumlah                use asset is initially measured at cost, which comprises
          pengukuran awal dari liabilitas sewa disesuaikan                     the initial amount of the lease liability adjusted for any
          dengan pembayaran sewa yang dilakukan pada atau                      lease payments made at or before the commencement
          sebelum tanggal permulaan, ditambah dengan biaya                     date, plus any initial direct costs incurred and an
          langsung awal yang dikeluarkan, dan estimasi biaya                   estimate of costs to dismantle and remove the underlying
          untuk membongkar dan memindahkan aset pendasar                       asset or to restore the underlying asset or the site on
          atau untuk merestorasi aset pendasar atau tempat di                  which it is located, less any lease incentives received.
          mana aset berada, dikurangi insentif sewa yang
          diterima.
          Aset hak guna selanjutnya disusutkan dengan                          The right-of-use asset is subsequently depreciated using
          menggunakan metode garis-lurus dari tanggal                          the straight-line method from the commencement date to
          permulaan hingga tanggal yang lebih awal antara akhir                the earlier of the end of the useful life of the right-of-use
          masa manfaat aset hak guna atau akhir masa sewa.                     asset or the end of the lease term. The estimated useful
          Estimasi umur aset hak guna ditentukan dengan basis                  lives of right-of-use assets are determined on the same
          yang sama dengan aset tetap. Selain itu, aset hak guna               basis as those of fixed assets. In addition, the right-of-use
          secara berkala dikurangi dengan kerugian penurunan                   asset is periodically reduced by impairment losses if any,
          nilai, jika ada, dan disesuaikan dengan pengukuran                   and adjusted for certain remeasurements of the lease
          kembali liabilitas sewa.                                             liability.
          Liabilitas sewa awalnya diukur pada nilai kini atas                  The lease liability is initially measured at the present
          pembayaran sewa yang belum dibayar pada tanggal                      value of the lease payments that are not paid at the
          permulaan, didiskontokan menggunakan suku bunga                      commencement date, discounted using the interest rate
          implisit dalam sewa atau, jika suku bunga tersebut tidak             implicit in the lease or, if that rate cannot be readily
          dapat ditentukan, digunakan suku bunga pinjaman                      determined, the Group’s incremental borrowing rate.
          inkremental Grup.
          Pembayaran sewa yang termasuk dalam pengukuran                       Lease payments included in the measurement of the lease
          liabilitas sewa terdiri dari:                                        liability consist of the following:
           - pembayaran tetap, termasuk pembayaran tetap                       - fixed payments, including in-substance fixed
               secara substansi;                                                    payments;
           - pembayaran sewa variabel yang bergantung pada                     - variable lease payments that depend on the index or
               suatu indeks atau suku bunga, yang pada awalnya                      a rate, initially measured using the index or rate as
               diukur dengan menggunakan indeks atau suku                           at the commencement date;
               bunga pada tanggal permulaan;
           - jumlah yang diharapkan akan dibayarkan                            -     amounts expected to be payable under a residual
               berdasarkan jaminan nilai residual; dan                               value guarantee; and
          -   harga eksekusi opsi beli di mana Grup cukup pasti                -     the exercise price under a purchase option that the
              untuk mengeksekusi opsi tersebut, pembayaran                           Group is reasonably certain to exercise, lease
              sewa dalam periode perpanjangan opsional jika                          payments in an option renewal period if Group is
              Grup cukup pasti untuk mengeksekusi opsi                               reasonably certain to exercise an extension option,
              perpanjangan, dan penalti untuk penghentian dini                       and penalties for early termination of a lease unless
              dari sewa kecuali jika Grup cukup pasti untuk tidak                    Group is reasonably certain not to terminate early.
              mengakhirinya lebih dini.

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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                         POLICIES (Continued)
     l.   Sewa (Lanjutan)                                                 l.   Leases (Continued)
          Grup sebagai penyewa (Lanjutan)                                      Group as lessee (Continued)
          Liabilitas sewa diukur pada biaya perolehan                          The lease liability is measured at amortized cost using the
          diamortisasi menggunakan metode suku bunga efektif.                  effective interest method. It is remeasured when there is
          Liabilitas sewa diukur kembali ketika ada perubahan                  a change in future lease payments arising from a change
          pembayaran sewa masa depan yang timbul dari                          in an index or rate, if there is a changes in the Group’s
          perubahan indeks atau suku bunga, jika ada perubahan                 estimate of the amount expected to be payable under a
          estimasi Grup atas jumlah yang diperkirakan akan                     residual value guarantee, or if the Group changes its
          dibayar dalam jaminan nilai residual, atau jika Grup                 assessment of whether it will exercise a purchase,
          mengubah penilaiannya apakah akan mengeksekusi                       extension or termination option.
          opsi beli, perpanjangan atau penghentian.

          Ketika liabilitas sewa diukur kembali dengan cara ini,               When the lease liability is measured this way, a
          penyesuaian terkait dilakukan terhadap jumlah tercatat               corresponding adjustment is made to the carrying
          aset hak guna, atau dicatat dalam laba rugi jika jumlah              amount of the right-of-use asset, or is recorded in profit
          tercatat aset hak guna telah berkurang menjadi nol.                  or loss if the carrying amount of the right-of-use asset has
                                                                               been reduced to zero.
          Sewa jangka-pendek dan sewa aset bernilai-rendah                     Short-term leases and leases of low-value assets
          Grup telah memilih untuk tidak mengakui aset hak guna              The Group has elected not to recognize right-of-use
          dan kewajiban sewa untuk sewa gedung jangka-pendek                 assets and lease liabilities for short-term leases of
          yang memiliki masa sewa 12 bulan atau kurang dan                   building that have a lease term of 12 months or less and
          sewa aset bernilai-rendah termasuk perlengkapan                    leases of low value asset including office equipment. The
          kantor. Grup mengakui pembayaran sewa terkait                      Group recognizes the lease payments associated with
          dengan sewa tersebut sebagai beban dengan metode                   these leases as an expense on a straight-line basis over
          garis lurus selama masa sewa.                                      the lease term.
     m. Modal saham                                                       m. Share capital
        Biaya tambahan yang secara langsung dapat                            Incremental costs directly attributable to the issuance of
        diatribusikan kepada penerbitan saham biasa atau opsi                new ordinary shares or options are presented in equity as
        disajikan pada ekuitas sebagai pengurang penerimaan,                 a deduction, net of tax, from the proceeds.
        setelah dikurangi pajak.
     n. Saham tresuri                                                     n. Treasury stock
        Saham tresuri diukur sebesar imbalan yang dibayarkan,                Treasury stock is measured at consideration paid,
        termasuk biaya transaksi signifikan yang dapat                       including any significant directly attributable transaction
        diatribusikan secara langsung (dikurangi pajak                       costs (net of income taxes), and is deducted from equity
        penghasilan), dan dikurangkan dari ekuitas yang dapat                attributable to the owners of the Company. Upon
        diatribusikan kepada pemilik entitas induk. Pada saat                reissuance, the Company recognizes any consideration
        diterbitkan kembali, Perseroan mengakui sebesar                      received, net of any significant directly attributable
        imbalan yang diterima, dikurangi biaya transaksi                     transaction costs, and is recognized directly in equity
        signifikan yang dapat diatribusikan secara langsung,                 attributable to the owners of the Company. Gains or
        dan diakui secara langsung di ekuitas yang dapat                     losses arising from purchase, sale, issuance or
        diatribusikan kepada pemilik entitas induk. Kerugian                 cancellation of treasury stock is not recognized in the
        atau keuntungan yang timbul dari pembelian, penjualan,               consolidated profit or loss.
        penerbitan atau pembatalan saham tresuri tidak diakui
        di laba rugi konsolidasian.
     o.   Pengakuan pendapatan                                            o. Recognition of revenue
          Pendapatan diukur berdasarkan pertimbangan yang                    Revenue is measured based on the consideration
          ditentukan dalam kontrak dengan pelanggan. Grup                    specified in a contract with a customer. Group recognizes
          mengakui pendapatan atas penjualan barang ketika                   revenue from the sales of goods when it transfers control
          telah mengalihkan pengendalian atas produk ke                      over a product to a customer.
          pelanggan.



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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                         POLICIES (Continued)
     o.   Pengakuan pendapatan (Lanjutan)                                 o. Recognition of revenue (Continued)
          Rincian berikut memberikan informasi tentang sifat dan             The following details provides information about the
          waktu pemenuhan pelaksanaan dalam kontrak dengan                   nature and timing of the satisfaction of performance
          pelanggan, termasuk ketentuan pembayaran yang                      obligations in contracts with customers, including
          signifikan, dan kebijakan pengakuan pendapatan terkait.            significant payment terms, and the related revenue
                                                                             recognition policies.
          Sifat dan waktu pemenuhan kewajiban pelaksanaan,                   Nature and timing of satisfaction of performance
          termasuk ketentuan pembayaran yang signifikan                      obligations, including significant payment terms
          Pelanggan memperoleh pengendalian atas barang,                     Customers obtain control of the goods, usually when the
          biasanya pada saat barang tersebut dikirim dari gudang             goods are dispatched from the warehouse or when they
          atau ketika barang tersebut diterima dari gudang                   are received at customer’s warehouse. Invoices are
          pelanggan. Faktur diterbitkan dan pendapatan diakui                generated and revenue is recognised at that point in time.
          pada waktu tersebut. Faktur pada umumnya terhutang                 Invoices are usually payable within 14 - 60 days.
          dalam waktu 14 - 60 hari.
          Kebijakan pengakuan pendapatan                                      Revenue recognition policies
          Pendapatan diakui pada saat pelanggan memperoleh                    Revenue is recognized when the customer obtains control
          pengendalian atas barang, biasanya pada saat barang                 of the goods, usually when the goods are dispatched from
          tersebut dikirim dari gudang atau ketika produk tersebut            the warehouse or when they are received at customer’s
          diterima di gudang pelanggan, karena pada saat itu                  warehouse, because by that time the customer can direct
          pelanggan dapat langsung menggunakan barang tersebut                the use of the goods and the customer will obtain
          dan pelanggan akan memperoleh secara substansial                    substantially all of the economic benefits from the goods.
          semua manfaat ekonomik dari barang tersebut.
     p. Pendapatan keuangan dan beban keuangan                            p. Finance income and finance costs
        Pendapatan keuangan terdiri dari pendapatan bunga dari               Finance income comprises interest income on funds
        dana yang diinvestasikan, piutang pinjaman, keuntungan               invested, loan receivable, cumulative gains or losses
        dan kerugian kumulatif yang sebelumnya diakui di                     previously recognized in other comprehensive income on
        penghasilan komprehensif lain atas penjualan aset                    disposals of FVOCI financial assets (debt instruments),
        keuangan (instrumen utang) FVOCI, dan keuntungan                     and fair value gains on financial assets carried at FVTPL.
        nilai wajar atas aset keuangan pada FVTPL.
          Laba rugi valuta asing atas aset dan liabilitas keuangan            Foreign exchange gains and losses on financial assets and
          yang muncul dari aktivitas pendanaan dilaporkan neto                liabilities that arise from financing activities are reported
          sebagai pendapatan keuangan atau beban keuangan                     on a net basis as either finance income or finance cost
          tergantung apakah pergerakan valuta asing di posisi laba            depending on whether foreign currency movements
          neto atau rugi neto.                                                amount to a net gain or a net loss.
          Biaya pinjaman yang tidak secara langsung dapat                     Borrowing costs that are not directly attributable to the
          diatribusikan kepada perolehan dan konstruksi suatu aset            acquisition and construction of a qualifying asset are
          kualifikasian diakui di laba rugi konsolidasian                     recognized in consolidated profit or loss using the
          menggunakan metode suku bunga efektif.                              effective interest method.
     q. Pajak penghasilan                                                 q. Income taxes
        Beban pajak penghasilan terdiri dari pajak kini dan pajak            Income tax expense comprises current and deferred taxes.
        tangguhan. Pajak kini dan pajak tangguhan diakui dalam               Current and deferred taxes are recognized in profit or
        laba rugi, kecuali jika terkait dengan transaksi yang                loss, except when they relate to items that are recognized
        diakui di penghasilan komprehensif lain atau diakui                  in other comprehensive income or directly in equity.
        langsung di ekuitas.




                                                                                                                                         37
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                       POLICIES (Continued)
     q. Pajak penghasilan (Lanjutan)                                    q. Income taxes (Continued)
        Beban pajak kini adalah jumlah pajak yang dibayarkan                Current tax expense is the amount of tax paid, or payable
        atau terutang atas pendapatan kena pajak atau kerugian              on taxable income or loss for the year, using tax rates
        pajak selama tahun berjalan, menggunakan tarif pajak                substantively enacted as of the reporting date. Current tax
        yang secara substantif berlaku pada tanggal pelaporan.              also includes true-up adjustments made to the previous
        Pajak kini juga mencakup penyesuaian terhadap provisi               years’ tax provisions either to reconcile them with the
        pajak yang dibuat tahun-tahun sebelumnya baik untuk                 income tax reported in annual tax returns, or to account
        menyesuaikannya dengan pajak penghasilan yang                       for differences arising from tax assessments. Current tax
        dilaporkan dalam SPT pajak penghasilan tahunan, atau                expense is measured using the best estimate of the amount
        untuk memperhitungkan perbedaan-perbedaan yang                      expected to be paid or received, taking into consideration
        timbul dari ketetapan pajak. Beban pajak kini diukur                the uncertainty associated with the complexity of tax
        menggunakan estimasi terbaik dari jumlah yang                       regulations.
        diharapkan untuk dibayar atau diterima, dengan
        mempertimbangkan ketidakpastian terkait kompleksitas
        peraturan perpajakan.
        Pajak tangguhan diakui atas perbedaan temporer antara               Deferred tax is recognized in respect of temporary
        nilai tercatat aset dan liabilitas untuk tujuan pelaporan           differences between the carrying amounts of assets and
        keuangan, dengan nilai yang digunakan untuk tujuan                  liabilities for financial reporting purposes, and the
        perpajakan. Pajak tangguhan diukur dengan                           amounts used for taxation purposes. Deferred tax is
        menggunakan tarif pajak yang diharapkan untuk                       measured at the tax rates that are expected to be applied
        diterapkan atas perbedaan temporer pada saat                        to temporary differences when they reverse based on the
        pembalikan, berdasarkan peraturan yang berlaku atau                 laws that have been enacted or substantively enacted at
        secara substantif berlaku pada tanggal pelaporan.                   the reporting date. This method also requires the
        Kebijakan akuntansi ini juga mengharuskan pengakuan                 recognition of future tax benefits, such as tax loss
        manfaat pajak, seperti kompensasi rugi fiskal yang                  carryforwards, to the extent that realization of such
        timbul di tahun berjalan yang diharapkan untuk                      benefits is probable.
        direalisasikan di periode mendatang, sepanjang realisasi
        manfaat tersebut kemungkinan besar terjadi.
        Aset pajak tangguhan merupakan saldo bersih atas                    Deferred tax assets represent the net remaining balance
        manfaat pajak tangguhan yang timbul dan dipergunakan                of deferred tax benefits that have been originated and
        sampai dengan tanggal pelaporan. Aset pajak tangguhan               utilized through the reporting date. Deferred tax assets
        ditelaah ulang pada setiap tangal pelaporan dan                     are reviewed at each reporting date and are reduced to
        dikurangkan dengan manfaat pajak sejumlah nilai yang                the extent that it is no longer probable that the related tax
        besar kemungkinan yang tidak dapat terealisasi;                     benefit will be realised; such reductions are reversed
        pengurangan tersebut akan dibalik ketika kemungkinan                when the probability of their realisation through future
        realisasi melalui laba kena pajak di masa depan                     taxable profits improves.
        meningkat.
        Aset pajak tangguhan yang belum diakui dinilai kembali              Unrecognized deferred tax assets are reassessed at each
        pada setiap tanggal pelaporan dan diakui sepanjang                  reporting date and recognized to the extent that it has
        kemungkinan besar laba kena pajak di masa depan akan                become probable that future taxable profits will be
        tersedia untuk digunakan.                                           available against which they can be used.
        Dalam menentukan jumlah pajak kini dan tangguhan,                   In determining the amount of current and deferred tax, the
        Grup memperhitungkan dampak atas posisi pajak yang                  Group take into account the impact of uncertain tax
        tidak pasti dan tambahan pajak serta pinalti.                       positions and any additional taxes and penalties.
        Grup telah menetapkan bahwa pajak tambahan                          The Group has determined that the minimum top-up-tax,
        minimum, yang wajib dibayarkan berdasarkan peraturan                which it is required to pay under Pillar Two legislation,
        Pilar Dua, merupakan pajak penghasilan. Grup                        is an income tax. The Group has applied a temporary
        menerapkan pengecualian wajib temporer dari akuntansi               mandatory exception from deferred tax accounting for the
        pajak tangguhan atas dampak dari pajak tambahan Pilar               impacts of the Pillar Two top-up tax and accounts for it
        Dua dan mencatatnya sebagai pajak kini saat pajak                   as current tax when it is incurred.
        tersebut timbul.




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                         POLICIES (Continued)

     r.   Operasi yang dihentikan                                         r.   Discontinued operation

          Operasi yang dihentikan adalah suatu komponen dari                   A discontinued operation is a component of the business,
          bisnis, operasi, dan arus kas yang bisa dipisahkan                   the operations and cash flows of which can be clearly
          secara jelas dari komponen lainnya yang mana:                        distinguished from the rest of the components and which:
          -    Mewakili lini bisnis utama tersendiri atau operasi              - Represents a separate major line of business or
               geografis;                                                           geographical area of operations;
          -    Merupakan       bagian     dari    suatu  rencana               - Is part of a single coordinated plan to dispose a
               terkoordinasi untuk melepaskan suatu lini bisnis                     separate major line of business or geographical area
               tersendiri atau operasi geografis; atau                              of operations; or
          -    Merupakan entitas anak yang diperoleh khusus                    - Is a subsidiary acquired exclusively with a view to re-
               untuk dijual kembali.                                                sale.
           Klasifikasi sebagai operasi yang dihentikan terjadi                 Classification as a discontinued operation occurs on
           pada saat pelepasan atau pada saat operasi tersebut                 disposal or when the operation meets the criteria to be
           memenuhi kriteria untuk diklasifikasi sebagai dimiliki              classified as held-for-sale, whichever is earlier.
           untuk dijual, yang mana terjadi lebih dahulu.
           Jika suatu operasi diklasifikasikan sebagai operasi                 When an operation is classified as a discontinued
           yang dihentikan, laporan laba rugi dan penghasilan                  operation, the comparative statement of profit or loss and
           komprehensif lain komparatif disajikan ulang seolah-                other comprehensive income is re-presented as if the
           olah operasi tersebut telah dihentikan sejak awal                   operation had been discontinued from the start of the
           periode komparatif.                                                 comparative period.
     s.    Penjabaran mata uang asing                                    s.    Foreign currency translation
           Transaksi dalam mata uang asing dijabarkan ke mata                  Transactions in foreign currencies are translated to the
           uang fungsional Grup (Rupiah) dengan menggunakan                    Group’s functional currency (Rupiah) at the rates
           kurs yang berlaku pada tanggal transaksi. Aset dan                  prevailing at transaction date. Monetary assets and
           liabilitas moneter dalam valuta asing dijabarkan ke                 liabilities denominated in foreign currencies are
           dalam Rupiah dengan menggunakan kurs yang                           translated to Rupiah at exchange rates prevailing at
           berlaku pada tanggal pelaporan.                                     reporting date.
           Laba atau rugi kurs valuta asing dari aset dan liabilitas           The foreign exchange gain or loss on monetary assets and
           moneter merupakan selisih antara biaya perolehan                    liabilities is the difference between amortized cost in
           diamortisasi dalam Rupiah pada awal periode, yang                   Rupiah at the beginning of the period, adjusted for
           disesuaikan dengan suku bunga efektif dan                           effective interest rate and payments during the period, and
           pembayaran selama periode berjalan, dengan biaya                    the amortized cost in foreign currency translated into
           perolehan diamortisasi dalam valuta asing yang                      Rupiah at the exchange rate at the end of the reporting
           dijabarkan ke dalam Rupiah dengan menggunakan                       period.
           kurs pada akhir periode pelaporan.
           Aset dan liabilitas nonmoneter dalam valuta asing                   Non-monetary assets and liabilities denominated in a
           yang diukur pada nilai historis dijabarkan dengan                   foreign currency that are measured at historical cost are
           menggunakan kurs pada tanggal transaksi.                            translated using the exchange rate at the date of
                                                                               transaction.
           Laba dan rugi kurs atas penjabaran kembali aset dan                 Foreign currency gains and losses on retranslation of
           liabilitas moneter yang timbul dari aktivitas operasi               monetary assets and liabilities that arise from operating
           umumnya diakui di laba rugi.                                        activities are generally recognized in profit or loss.




                                                                                                                                       39
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                                        POLICIES (Continued)
     t.    Segmen operasi                                                t.   Operating segment
           Segmen operasi adalah suatu komponen dari Grup                     An operating segment is a component of the Group that
           yang melakukan aktivitas bisnis yang menghasilkan                  engages in business activities from which it may earn
           pendapatan dan menimbulkan beban, termasuk                         revenues and incur expenses, including revenues and
           pendapatan dan beban terkait atas transaksi dengan                 expenses relating to transactions with other components,
           komponen lain, yang hasil operasinya dikaji ulang                  whose operating results are regularly reviewed by the
           secara regular oleh pengambil keputusan operasional                chief operating decision maker to make decisions about
           tentang sumber daya yang dialokasikan kepada                       resources to be allocated to the segment and assess its
           segmen tersebut dalam menilai kinerjanya.                          performance.

           Segmen operasi dilaporkan dengan cara yang                         Operating segments are reported in a manner consistent
           konsisten dengan pelaporan internal yang diberikan                 with the internal reporting provided to Directors as the
           kepada Direksi sebagai pengambil keputusan                         Group’s chief operating decision maker.
           operasional Grup.
     u.    Laba per saham                                                u. Earnings per share
           Laba per saham dihitung dengan membagi laba tahun                  Earnings per share are calculated by dividing profit for the
           berjalan yang dapat diatribusikan kepada pemilik                   year attributable to the owners of the Company,
           entitas induk dengan total rata-rata tertimbang saham              respectively by the weighted average of total
           beredar/ditempatkan      dalam        periode    yang              outstanding/issued shares during the period.
           bersangkutan.
           Jumlah rata-rata tertimbang saham biasa yang beredar               The weighted average of total outstanding/issued shares
           selama periode tersebut dan untuk semua periode                    during the period and all presented period is adjusted for
           sajian disesuaikan untuk peristiwa, selain konversi                events, except for the conversion of instrument that
           instrumen berpotensi saham biasa, yang telah                       potentially is ordinary shares, that has changed the total
           mengubah jumlah saham biasa yang beredar tanpa                     of outstanding shares without a corresponding change in
           disertai perubahan sumber daya.                                    resources.
      v.   Transaksi dengan pihak-pihak berelasi                         v.   Related parties transactions
           Dalam laporan keuangan konsolidasian ini, istilah                  In these consolidated financial statements, the related
           pihak berelasi yang digunakan sesuai dengan                        party terms used are in accordance with PSAK 224,
           PSAK 224, “Pengungkapan Pihak-pihak Berelasi”.                     “Related Party Disclosures”. All significant transactions
           Seluruh transaksi dan saldo yang signifikan dengan                 and balances with related parties, are disclosed in the
           pihak berelasi, diungkapkan dalam catatan atas                     notes to the consolidated financial statements.
           laporan keuangan konsolidasian.




                                                                                                                                       40
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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

4. KAS DAN SETARA KAS                                                                       4. CASH AND CASH EQUIVALENTS
                                                    2025                    2024*
  Kas                                                      4.868                    4.702                                   Cash on hand
  Kas di bank pihak ketiga:                                                                                    Cash in third party banks:
  Rupiah                                                                                                                          Rupiah
    PT Bank Permata Tbk                                561.984                  628.814                         PT Bank Permata Tbk
    PT Bank Central Asia Tbk                           384.291                  464.307                     PT Bank Central Asia Tbk
    PT Bank BTPN Syariah Tbk                            29.792                   23.213                   PT Bank BTPN Syariah Tbk
    PT Bank Rakyat Indonesia (Persero) Tbk              28.019                    9.705        PT Bank Rakyat Indonesia (Persero) Tbk
    PT Bank ANZ Indonesia                               27.987                    7.199                       PT Bank ANZ Indonesia
    PT Bank Negara Indonesia (Persero) Tbk               8.721                    8.076        PT Bank Negara Indonesia (Persero) Tbk
    PT Bank HSBC Indonesia                               1.598                    1.555                     PT Bank HSBC Indonesia
    PT Bank Danamon Indonesia Tbk                        1.061                      516              PT Bank Danamon Indonesia Tbk
    PT Bank Mandiri (Persero) Tbk                          869                      868                PT Bank Mandiri (Persero) Tbk
    PT Bank OCBC NISP Tbk                                  591                      589                     PT Bank OCBC NISP Tbk
    PT Bank SMBC Indonesia Tbk                             415                   11.510                 PT Bank SMBC Indonesia Tbk
    PT Bank CIMB Niaga Tbk                                 393                      802                     PT Bank CIMB Niaga Tbk
    Lainnya                                                375                      629                                        Others
                                                     1.046.096                1.157.783
  Dolar Amerika Serikat                                                                                                       US Dollar
    PT Bank ANZ Indonesia                              227.642                   18.225                       PT Bank ANZ Indonesia
    PT Bank SMBC Indonesia Tbk                          13.211                   12.413                  PT Bank SMBC Indonesia Tbk
    PT Bank Central Asia Tbk                             9.478                    4.647                      PT Bank Central Asia Tbk
    PT Bank DBS Indonesia                                1.178                    1.120                       PT Bank DBS Indonesia
    PT Bank OCBC NISP Tbk                                  922                    5.994                      PT Bank OCBC NISP Tbk
    PT Bank Permata Tbk                                    815                      786                         PT Bank Permata Tbk
    PT Bank Sinarmas Tbk                                   264                       59                        PT Bank Sinarmas Tbk
                                                       253.510                   43.244

  Deposito berjangka pada pihak ketiga:                                                                    Time deposits in third parties:
  Rupiah                                                                                                                          Rupiah
    PT Bank Shinhan Indonesia                           65.996                 104.984                    PT Bank Shinhan Indonesia
    PT Bank Oke Indonesia Tbk                           50.000                       -                    PT Bank Oke Indonesia Tbk
    PT Bank Danamon Indonesia Tbk                       35.000                  65.500               PT Bank Danamon Indonesia Tbk
    PT Bank Rakyat Indonesia (Persero) Tbk              19.500                  10.500         PT Bank Rakyat Indonesia (Persero) Tbk
    PT Bank Maspion Indonesia Tbk                       12.469                  35.087                PT Bank Maspion Indonesia Tbk
    PT Bank Mandiri (Persero) Tbk                       10.000                  30.000                 PT Bank Mandiri (Persero) Tbk
    PT Bank Pembangunan Daerah Jambi                     8.638                   8.638           PT Bank Pembangunan Daerah Jambi
    PT Bank Jtrust Indonesia Tbk                         4.890                   8.743                   PT Bank Jtrust Indonesia Tbk
    PT Bank Central Asia Tbk                             3.354                       -                      PT Bank Central Asia Tbk
    PT Bank OCBC NISP Tbk                                3.000                  10.496                      PT Bank OCBC NISP Tbk
    PT Bank Negara Indonesia (Persero) Tbk                 100                     100         PT Bank Negara Indonesia (Persero) Tbk
    PT Bank BTPN Syariah Tbk                                 -                  75.000                    PT Bank BTPN Syariah Tbk
    PT Bank SMBC Indonesia Tbk                               -                  75.000                  PT Bank SMBC Indonesia Tbk
    PT Bank Sahabat Sampoerna                                -                  25.968                   PT Bank Sahabat Sampoerna
    PT Bank ANZ Indonesia                                    -                  25.000                        PT Bank ANZ Indonesia
    PT Bank Mayapada International                                              11.633               PT Bank Mayapada International
    PT Bank Permata Tbk                                        -                 5.000                          PT Bank Permata Tbk
                                                       212.947                 491.649

  Dolar Amerika Serikat                                                                                                      US Dollar
    PT Bank KEB Hana Indonesia                          91.369                  84.863                   PT Bank KEB Hana Indonesia
    PT Bank KB Bukopin Tbk                              33.978                       -                       PT Bank KB Bukopin Tbk
    PT Bank Shinhan Indonesia                                -                  54.296                     PT Bank Shinhan Indonesia
    PT Bank OCBC NISP Tbk                                    -                  30.693                       PT Bank OCBC NISP Tbk
                                                       125.347                 169.852

  Kas dan setara kas                                 1.642.768                1.867.230                        Cash and cash equivalents

  *Disajikan kembali (lihat Catatan 34)                                                                      *As restated (see Note 34)
                                                                                                                                     41
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

4. KAS DAN SETARA KAS (Lanjutan)                                           4. CASH AND CASH EQUIVALENTS (Continued)
                                                      2025                   2024*
  Kisaran tingkat suku bunga per tahun atas                                                              Range of interest rates per annum
    deposito berjangka:                                                                                                 for time deposits:
    Rupiah                                         2,25% - 6,25%           2,25% - 7,00%                                           Rupiah
    Dolar Amerika Serikat                          4,00% - 4,80%           4,70% - 5,10%                                       US Dollar

  Pada tanggal 31 Desember 2025 dan 2024, tidak ada saldo              As of 31 December 2025 and 31 December 2024, there is no
  kas dan setara kas yang ditempatkan pada pihak berelasi.             cash and cash equivalents deposited at related party.

5. PIUTANG USAHA                                                                                        5. TRADE RECEIVABLES
                                                      2025                   2024*
  Piutang usaha                                         194.409)                184.354)                                 Trade receivables
  Dikurangi: cadangan kerugian penurunan nilai           (13.899)               (13.888)             Less: allowance for impairment losses
                                                        180.510)                170.466)

  Mutasi cadangan kerugian penurunan nilai adalah sebagai              The movement of allowance for impairment loss is as follows:
  berikut:

                                                      2025                    2024
  Saldo awal                                             13.888)                 13.900)                                  Beginning balance
  Penambahan cadangan, setelah pemulihan                     38)                     26)     Increase in allowance, net of recovered amount
  Penghapusan                                               (27)                    (38)                                         Written-off
  Saldo akhir                                            13.899)                 13.888)                                     Ending balance

  Pada tanggal 31 Desember 2025 dan 2024, tidak ada piutang            As at 31 December 2025 and 2024, there is no trade receivable
  usaha yang dijaminkan atau dari pihak berelasi.                      pledged as collateral or from related party.

6. PERSEDIAAN                                                                                                      6. INVENTORIES
                                                      2025                    2024
  Barang dagangan                                       629.594)                 413.542)                          Merchandise inventories
  Barang dalam perjalanan                                40.180)                  25.048)                                 Goods in transit
                                                        669.774)                 438.590)
  Dikurangi: penurunan nilai realisasi neto               (1.763)                 (1.581)            Less: net realizable value write-downs
                                                        668.011)                 437.009)

  Manajemen menilai bahwa cadangan kerugian penurunan                   Management has assessed that the allowance for impairment
  nilai cukup untuk menutup kerugian karena penurunan nilai             losses is adequate to cover the losses due to the decline in the
  persediaan.                                                           value of inventories.
  Persediaan pada tanggal 31 Desember 2025 dan 2024, telah              The inventories as of 31 December 2025 and 2024, were
  diasuransikan terhadap risiko kebakaran dan risiko lainnya            covered by insurance against loss of fire and other risks during
  selama persediaan dalam penyimpanan dan dalam                         storage and transport in the amounts equivalent to Rp 766,899
  perjalanan, dengan jumlah keseluruhan nilai pertanggungan             and Rp 736,121, respectively. Management has assessed that
  masing-masing sebesar Rp 766.899 dan Rp 736.121.                      the total insurance coverage is adequate to cover possible
  Manajemen menilai bahwa jumlah pertanggungan asuransi                 losses.
  ini memadai untuk menutupi kerugian yang mungkin
  timbul.
  Pada tanggal 31 Desember 2025 dan 2024, tidak ada                     As at 31 December 2025 and 2024, there is no inventory
  persediaan yang dijaminkan.                                           pledged as collateral.




  *Disajikan kembali (lihat Catatan 34)                                                                     *As restated (see Note 34)

                                                                                                                                         42
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

7. INVESTASI DI SURAT BERHARGA                                                                  7. INVESTMENT IN SECURITIES
                                                           2025                  2024*
  Investasi lancar                                                                                                         Current investment
    Efek ekuitas                                               425.864               431.214                                Equity securities
    Investasi dana                                              26.182               209.075                              Investment in fund
    Efek utang                                                 119.496               154.925                                 Debt securities
    Reksadana                                                   62.446               133.000                                    Mutual fund
                                                               633.988               928.214
  Investasi tidak lancar                                                                                              Non-current investment
    Efek utang                                                 508.852               275.297                             Debt securities
                                                             1.142.840             1.203.511

  Investasi dana memiliki tingkat pengembalian antara 3,3%                 Investment in fund has return between 3.3% to 3.8% for the
  sampai dengan 3,8% untuk tahun berakhir 31 Desember 2025                 year ended 31 December 2025 (2024: 3.8% to 4.1%).
  (2024: 3,8% sampai dengan 4,1%).
  Efek utang memiliki tingkat suku bunga antara 5,13% sampai               Debt securities has interest rates of 5.13% to 10.25% per
  dengan 10,25% untuk periode setahun (2024: 5,13% sampai                  annum (2024: 5.13% to 9.75%), with maturity between in less
  dengan 9,75%), dengan jatuh tempo kurang dari satu sampai                than a year to thirteen years.
  dengan tiga belas tahun.

8. PERPAJAKAN                                                                                                              8. TAXATION
  a. Utang pajak penghasilan                                               a.   Income tax payables
     Pos ini merupakan utang pajak penghasilan pasal 25 dan 29.                 The caption represents article 25 and 29 income tax
                                                                                payables.

  b. Utang pajak lainnya terdiri dari:                                     b.   Other tax payables consist of:
                                                           2025                   2024
      Pajak potong-pungut:                                                                                                Withholding taxes:
         Pasal 21                                                  7.254              8.283                                    Article 21
         Pasal 23 dan 4(2)                                        16.018             16.946                           Article 23 and 4(2)
         Pasal 22                                                     54                 24                                    Article 22
         Pasal 26                                                      7                  4                                    Article 26
      Pajak Pertambahan Nilai                                     33.556             13.997                                 Value Added Tax
                                                                  56.889             39.254

  c. Komponen beban pajak penghasilan adalah sebagai berikut:              c.   The components of income tax expense were as follows:
                                                           2025                  2024*
     Perseroan                                                                                                                 The Company
      Kini                                                            -                    -                                      Current:
      Tangguhan                                                   2.302)                 641)                                    Deferred
                                                                  2.302)                 641)

     Entitas anak                                                                                                                Subsidiaries
      Kini                                                    140.376)              140.494                                        Current
      Tangguhan                                                 3.684)                1.178                                       Deferred
                                                              144.060)              141.672

     Konsolidasian                                                                                                              Consolidated
      Kini                                                    140.376               140.494                                        Current
      Tangguhan                                                 5.986)                1.819                                       Deferred
                                                              146.362)              142.313




  *Disajikan kembali (lihat Catatan 34)                                                                       *As restated (see Note 34)




                                                                                                                                           43
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

8. PERPAJAKAN (Lanjutan)                                                                                8. TAXATION (Continued)
   d. Rekonsiliasi antara laba konsolidasian sebelum pajak              d. The reconciliation between consolidated profit before
      penghasilan dengan beban pajak penghasilan adalah                    income tax and income tax expense is as follows:
      sebagai berikut:
                                                         2025                   2024*
      Laba konsolidasian sebelum pajak dari:                                                    Consolidated profit before income tax from:
         Operasi yang dilanjutkan                           605.983)               712.367)                        Continuing operations
         Operasi yang dihentikan                              2.296)                 2.233)                      Discontinued operations
      Eliminasi transaksi dengan entitas anak               464.652)               392.605)    Elimination of transactions with subsidiaries
      Laba sebelum pajak penghasilan entitas anak          (739.264)              (711.410)          Subsidiaries’ profit before income tax
      Laba sebelum pajak penghasilan Perseroan              333.667)               395.795)        The Company’s profit before income tax
      Beban pajak penghasilan dihitung dengan tarif
         pajak tetap                                          73.407)               87.075)           Income tax expense at fixed tax rate
      Pengaruh pajak dari perbedaan tetap                    (66.129)              (72.115)            Tax effect of permanent differences
      Pengakuan rugi pajak yang sebelumnya tidak                                                Recognition of previously unrecognized tax
         diakui                                               (4.976)              (14.319)                                          losses
      Beban pajak penghasilan operasi yang                                                               Income tax expense of continuing
         dilanjutkan:                                                                                                        operations:
         Perseroan                                             2.302                   641)                               The Company
         Entitas anak                                        144.060)              141.672)                                 Subsidiaries
      Beban pajak penghasilan                                146.362)              142.313)                           Income tax expenses
   e. Rekonsiliasi antara laba sebelum pajak dengan utang pajak         e.   The reconciliation between the Company’s profit before
      penghasilan Perseroan adalah sebagai berikut:                          income tax and income tax payable is as follows:
                                                         2025                    2024
      Laba sebelum pajak penghasilan Perseroan             333.667                 395.795         Profit before income tax of the Company
      Perbedaan temporer:                                                                                            Temporary differences:
          Imbalan pascakerja                                 (2.061)                   (706)                       Post employee benefits
          Kompensasi karyawan                                   875                     203                       Employee compensation
          Penyusutan aset tetap                                  65                     240                    Depreciation of fixed asset
          Beban akrual dan lainnya                           (9.342 )                (2.651)                          Accruals and others
                                                            (10.463 )                (2.914)
      Perbedaan tetap:                                                                                              Permanent differences:
          Penghasilan bunga kena pajak final                (28.468 )               (34.519)          Interest income subject to final tax
          Kompensasi karyawan                                22.337                  17.229                      Employee compensation
          Beban bunga                                         1.252                   1.224                             Interest expense
          Penghasilan deviden                              (488.980)               (394.984)                           Dividend income
          Lainnya                                           193.274                  83.255                                         Other
                                                           (300.585 )              (327.795)
      Estimasi laba kena pajak Perseroan                     22.619                  65.086       Estimated taxable profit of the Company
      Pengakuan rugi pajak yang sebelumnya tidak                                                Recognition of previously unrecognized tax
          diakui                                            (22.619)                (65.086)                                        losses
      Laba kena pajak Perseroan                                   -)                      -                  Taxable gain of the Company
      Tarif pajak yang berlaku                                 22%                     22%                                Enacted tax rate
      Beban pajak kini                                             -                      -                            Current income tax
      Dikurangi pembayaran pajak di muka                    (15.186)                (13.084)                              Less prepaid tax
      Lebih bayar pajak                                     (15.186)                (13.084)                              Over tax payment
                                                         2025                    2024*
      Utang pajak penghasilan badan:                                                                        Corporate income tax payables:
         Entitas anak                                        13.275                  22.632                                Subsidiaries
      Dalam menghitung pajak penghasilan kini untuk tahun                    In calculating the current income tax for the year ended
      berakhir 31 Desember 2025 dan 2024, Perseroan telah                    31 December 2025 and 2024, the Company has taken into
      mempertimbangkan pertimbangan yang timbul dari                         consideration the comments arising from the recent tax
      pemeriksaan pajak terkini.                                             examinations.
   *Disajikan kembali (lihat Catatan 34)                                                                      *As restated (see Note 34)




                                                                                                                                          44
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                   FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

8. PERPAJAKAN (Lanjutan)                                                                                             8. TAXATION (Continued)
  e.    Rekonsiliasi antara laba sebelum pajak dengan utang pajak               e.    The reconciliation between the Company’s profit before
        penghasilan Perseroan adalah sebagai berikut (Lanjutan):                      income tax and income tax payable is as follows
                                                                                      (Continued):
        Dalam laporan keuangan konsolidasian ini, jumlah                               In these consolidated financial statements, the amount of
        penghasilan kena pajak untuk tahun berakhir pada                               taxable income for the year ended 31 December 2025
        31 Desember 2025 didasarkan atas perhitungan                                   was based on preliminary calculations.
        sementara.
   f.   Rincian aset dan liabilitas pajak tangguhan Perseroan dan               f.    The details of the Company’s and subsidiaries’ deferred
        entitas anak adalah sebagai berikut:                                          tax assets and liabilities are as follows:
                                                             Diakui di laba
                                                              rugi tahun          Diakui di
                                                               berjalan/         penghasilan
                                                             Recognized in    komprehensif lain/
                                              31 Desember/   profit or loss   Recognized in other   31 Desember/
                                               December       during the        comprehensive         December
                                                 2024*           year              income               2025
        Perseroan:                                                                                                                         The Company:
          Aset (liabilitas) pajak tangguhan                                                                               Deferred tax assets (liabilities)
             Liabilitas imbalan kerja               3.706)            (453)               1.278             4.531         Employee benefits obligation
             Kompensasi berbasis saham                825)             192)                   -             1.017)         Share-based compensation
             Beban akrual lainnya                   4.255)          (1.630)                   -             2.625)                      Other accruals
             Aset tetap                             6.924)               14                   -             6.938)                        Fixed assets
             Aset hak-guna                         (1.096)            (425)                   -            (1.521)                 Right-of-use assets
             Liabilitas sewa                          552)                -                   -               552)                     Lease liabilities
                                                   15.166)          (2.302)               1.278            14.142)
        Entitas anak                                                                                                                         Subsidiaries
          Aset pajak tangguhan, neto               70.790)          (3.684)                (605)           66.501)                Deferred tax asset, net
                                                   85.956)          (5.986)                 673            80.643)

        Aset pajak tangguhan                                                                                                           Deferred tax assets
          Perseroan                                                                                        14.142)                        The Company
          Entitas anak                                                                                     75.361)                          Subsidiaries
                                                                                                           89.503)
        Liabilitas pajak tangguhan                                                                                                 Deferred tax liabilities
          Entitas anak                                                                                     (8.860)                         Subsidiaries
                                                                                                           80.643)
                                                             Diakui di laba
                                                              rugi tahun          Diakui di
                                                               berjalan/         penghasilan
                                                             Recognized in    komprehensif lain/
                                              31 Desember/   profit or loss   Recognized in other   31 Desember/
                                               December       during the        comprehensive         December
                                                 2023*           year              income              2024*
        Perseroan:                                                                                                                          The Company:
          Aset (liabilitas) pajak tangguhan                                                                               Deferred tax assets (liabilities)
              Liabilitas imbalan kerja              3.960)            (156)                  (98)           3.706)       Employee benefits obligation
              Kompensasi berbasis saham               780)              45)                    -)             825)         Share-based compensation
              Beban akrual lainnya                  4.367)            (112)                    -)           4.255)                     Other accruals
              Aset tetap                            6.871)              53)                    -)           6.924)                       Fixed assets
              Aset hak-guna                          (622)            (474)                    -)          (1.096)                Right-of-use assets
              Liabilitas sewa                         549)               3)                    -)             552)                    Lease liabilities
                                                   15.905)            (641)                  (98)          15.166)
        Entitas anak                                                                                                                          Subsidiaries
          Aset pajak tangguhan, neto               72.431)          (1.178)                (463)           70.790)                Deferred tax asset, net
                                                   88.336)          (1.819)                (561)           85.956)

        Aset pajak tangguhan                                                                                                           Deferred tax assets
          Perseroan                                                                                        15.166)                        The Company
          Entitas anak                                                                                     79.199)                          Subsidiaries
                                                                                                           94.365)
        Liabilitas pajak tangguhan                                                                                                  Deferred tax liabilities
          Entitas anak                                                                                     (8.409)                          Subsidiaries
                                                                                                           85.956)

  *Disajikan kembali (lihat Catatan 34)                                                                                 *As restated (see Note 34)
                                                                                                                                                45
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

8. PERPAJAKAN (Lanjutan)                                                                                    8. TAXATION (Continued)
  f.    Rincian aset dan liabilitas pajak tangguhan Perseroan dan        f.     The details of the Company’s and subsidiaries’ deferred
        entitas anak adalah sebagai berikut (Lanjutan):                         tax assets and liabilities are as follows (Continued):
       Grup mengakui secara terpisah aset pajak tangguhan                      The Group has recognized a separate deferred tax assets
       sehubungan dengan liabilitas sewa dan liabilitas pajak                  in relation to its lease liabilities and a deferred tax liability
       tangguhan sehubungan dengan aset hak-guna. Namun,                       in relation to its right-of-use assets. However, there was
       tidak terdapat dampak terhadap laporan posisi keuangan                  no impact on the statement of consolidated financial
       konsolidasian karena saldo tersebut memenuhi syarat untuk               position because the balance qualify for offsetting under
       saling hapus berdasarkan PSAK 212.                                      PSAK 212.
       Selama 2025, Perseroan memperoleh beberapa surat                        During 2025, the Company received several tax
       ketetapan pajak untuk tahun pajak 2023 atas lebih bayar                 assessments letter for fiscal year 2023 on overpayments of
       Pajak Penghasilan Badan dan atas kurang bayar Pajak                     Corporate Income Tax and underpayment of Value Added
       Pertambahan Nilai, Pajak Penghasilan pasal 15, Pajak                    Tax, Income Tax article 15, Income Tax article 21, Income
       Penghasilan pasal 21, Pajak Penghasilan pasal 23 dan Pajak              Tax article 23 and Income Tax article 4(2) in total
       Penghasilan pasal 4(2) dengan total sebesar Rp 10.311.                  amounting to Rp 10,311. The Company accepted and
       Perseroan menerima dan memperoleh pengembalian atas                     received the refund of the tax assessment results on
       hasil surat ketetapan tersebut pada 23 April 2025.                      23 April 2025.
       Pada tanggal 31 Desember 2025 dan 2024, Perseroan dan                   As of 31 December 2025 and 2024, the Company and
       entitas anak memiliki rugi fiskal yang dapat di kompensasi              subsidiaries had tax loss carry-forwards which will expire
       yang akan berakhir di tahun antara 2026 dan 2027.                       between 2026 and 2027.
                                                         2025                   2024
       Rugi fiskal yang dapat di kompensasi                                                                            Tax loss carry-forwards
        Perseroan                                               4.398               32.629                                  The Company
        Entitas anak                                            3.253               57.531                                    Subsidiaries
                                                                7.651               90.160

       Aset pajak tangguhan tidak diakui sehubungan dengan item               Deferred tax assets have not been recognized with
       ini karena tidak memungkinkan laba fiskal pada masa                    respect to these items because it is not probable that
       mendatang akan tersedia untuk dikompensasi di mana Grup                future taxable profits will be available against which the
       bisa memanfaatkan keuntungan dari hal ini.                             Group can utilize the benefits there from.
       Perbedaan temporer kena pajak dari investasi di entitas anak           Taxable temporary differences from investments in
       dan asosiasi tidak diakui sebagai liabilitas pajak tangguhan.          subsidiaries and associates are not recognized as
       Grup mengendalikan kebijakan dividen entitas anaknya,                  deferred tax liabilities. The Group controls dividend
       sehingga Grup dapat mengendalikan pembalikan perbedaan                 policies of its subsidiaries, thus it can control the
       temporer, dan Grup meyakini bahwa perbedaan temporer                   reversal of temporary differences, and that it believes
       tersebut tidak akan berbalik di masa depan yang dapat                  that such differences will not reverse in the foreseeable
       diperkirakan. Selain itu, karena Grup tidak memiliki intensi           future. In addition, because the Group does not intend
       untuk melepaskan investasinya di entitas asosiasi di masa              to dispose its investment in associates in foreseeable
       depan yang dapat diperkirakan dan bahwa persentase                     future and that its ownership interest result in dividends
       kepemilikannya mengakibatkan dividen yang diterima dari                received from the associate subject to zero tax rate, the
       entitas asosiasi dikenakan tarif pajak nol persen, liabilitas          deferred tax liability from its investment in associates is
       pajak tangguhan dari investasinya di entitas asosiasi adalah           nil (that is, measured to reflect the applicable tax
       nihil (yakni, diukur untuk mencerminkan konsekuensi pajak              consequences following manner of reversal of the
       yang berlaku sesuai dengan cara pembalikan perbedaan                   temporary differences).
       termporer tersebut).




                                                                                                                                             46
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                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                 UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

8.    PERPAJAKAN (Lanjutan)                                                                                         8. TAXATION (Continued)
      f. Saldo pajak tangguhan yang diakui, dan pergerakan selama                   f.    Recognized deferred tax balances, and the movement
         periode/tahun berjalan terdiri dari (Lanjutan):                                  thereof during the period/year comprised the following
                                                                                          (Continued):
          Sesuai peraturan perpajakan di Indonesia, Perseroan dan                        Under the taxation laws of Indonesia, the Company and
          entitas anaknya melaporkan/ menyetorkan pajak untuk                            its subsidiaries submit/pay individual tax returns on the
          setiap perusahaan sebagai suatu badan hukum berdasarkan                        basis of self-assessment. The tax authorities may assess
          system self-assessment. Otoritas pajak dapat menetapkan                        and/or amend taxes within the statute of limitations,
          atau mengubah hak dan/atau kewajiban pajak tersebut                            under prevailing regulations.
          dalam batas waktu yang ditentukan sesuai ketentuan yang
          berlaku.
          Posisi perpajakan Grup dapat dipertanyakan oleh otoritas                       The Group’s tax positions may be challenged by the tax
          pajak. Posisi perpajakan Grup dibentuk berdasarkan dasar                       authorities. The Group’s tax positions are formed on
          teknis yang logis dan sesuai dengan peraturan perpajakan.                      sound technical bases, in compliance with the tax
          Oleh karena itu, manajemen berkeyakinan bahwa akrual                           regulations. Accordingly, management believes that no
          atas potensi liabilitas pajak penghasilan tidak diperlukan.                    accruals for potential income tax liabilities is necessary.
          Penilaian ini didasarkan pada estimasi dan asumsi dan                          This assessment relies on estimates and assumptions
          mungkin melibatkan pertimbangan mengenai kejadian di                           and may involve judgment about future events. New
          masa depan. Informasi baru mungkin tersedia yang                               information may become available that causes
          menyebabkan manajemen mengubah pertimbangannya.                                management to change its judgment. Such changes will
          Perubahan tersebut akan berdampak pada beban pajak pada                        impact tax expense in the period in which such
          periode dimana penentuan tersebut dibuat.                                      determination is made.
          Peraturan Menteri Keuangan No.136 Tahun 2024 (“PMK-                            Minister of Finance Regulation No. 136 Year 2024
          136/2024”) tentang ”Pengenaan Pajak Minimum Global                             (“MOF-136/2024”) regarding “Imposition of Global
          Berdasarkan Kesepakatan Internasional” telah diundangkan                       Minimum Tax Based on International Agreement” was
          tanggal 31 Desember 2024 dan berlaku efektif 1 Januari                         enacted on 31 December 2024 and effective starting
          2025. Peraturan tersebut memberlakukan Pajak Minimum                           1 January 2025. The regulation imposes Global
          Global berdasarkan kerangka kerja BEPS 2.0 Pilar Dua,                          Minimum Tax under BEPS 2.0 Pillar Two framework,
          yang mencakup Income Inclusion Rule (”IIR”), Domestic                          which includes the Income Inclusion Rule (“IIR”),
          Top-up Tax, dan Undertaxed Payment Rule (”UTPR”).                              Domestic Top-up Tax and Undertaxed Payment Rule
                                                                                         (“UTPR”).
          Grup dikenakan pajak tambahan minimum global                                   The Group is subject to the global minimum top-up tax
          berdasarkan peraturan perpajakan Pilar Dua untuk tahun                         under Pillar Two tax legislation as the consolidated
          yang berakhir tanggal 31 Desember 2025 melebihi EUR 750                        annual revenue for the year ended 31 December 2025
          juta. Grup telah melakukan penilaian terhadap pajak                            exceeded EUR 750 million. The Group has conducted an
          tambahan minimum global berdasarkan peraturan                                  assessment regarding the global minimum topup tax
          perpajakan Pilar Dua dan mengkonfirmasi bahwa seluruh                          under Pillar Two tax legislation and confirmed that all
          Entitas Konstituen (”CE”) dalam Grup memiliki Tingkat                          Constituent Entities (“CEs”) within the Group have an
          Pajak Efektif (”ETR”) melebihi 15% untuk tahun fiskal                          Effective Tax Rate (“ETR”) exceeding 15% for the year
          yang berakhir pada tanggal 31 Desember 2025. Dengan                            ended 31 December 2025. Accordingly, there is no Top-
          demikian, tidak ada kewajiban Pajak Tambahan yang timbul                       up Tax liability arises in the Group as of 31 December
          di Grup per tanggal 31 Desember 2025.                                          2025.
9.   INVESTASI PADA ENTITAS ASOSIASI                                                                   9. INVESTMENTS IN ASSOCIATES
     Mutasi di tahun berjalan adalah sebagai berikut:                               Movement during the year is as follows:
                                                                            2025
                                                                                   Bagian atas penghasilan
                                                                                     komprehensif lain/
                                Saldo awal/        Bagian atas laba (rugi) neto/       Share in other          Saldo akhir/
                             Beginning balance      Share in net profit (loss)     comprehensive income       Ending balance
     PT Mitra Pinasthika                                                                                                          PT Mitra Pinasthika
       Mustika Rent                    1.041.846                        18.428)                       (158)          1.060.116         Mustika Rent
     PT JACCS Mitra                                                                                                                   PT JACCS Mitra
       Pinasthika Mustika                                                                                                         Pinasthika Mustika
       Finance Indonesia                 796.270                      (174.634)                       (925)            620.711    Finance Indonesia
                                       1.838.116                      (156.206)                     (1.083)          1.680.827



 PT Mitra Pinasthika Mustika                                                                                                                      47
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                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                 UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

9.   INVESTASI PADA ENTITAS ASOSIASI (Lanjutan)                                      9. INVESTMENTS IN ASSOCIATES (Continued)
     Mutasi di tahun berjalan adalah sebagai berikut (Lanjutan):                       Movement during the year is as follows (Continued):
                                                                            2024
                                                                                   Bagian atas penghasilan
                                                                                     komprehensif lain/
                                Saldo awal/        Bagian atas laba (rugi) neto/       Share in other               Saldo akhir/
                             Beginning balance      Share in net profit (loss)     comprehensive income            Ending balance
     PT Mitra Pinasthika                                                                                                                  PT Mitra Pinasthika
       Mustika Rent                    1.001.561                        38.955)                      1.330)               1.041.846            Mustika Rent
     PT JACCS Mitra                                                                                                                           PT JACCS Mitra
       Pinasthika Mustika                                                                                                                 Pinasthika Mustika
       Finance Indonesia                 905.322                      (113.926)                      4.874)                 796.270       Finance Indonesia
                                       1.906.883                       (74.971)                      6.204)               1.838.116

     Ringkasan informasi keuangan entitas yang dicatat dengan                          A summary of financial information of the equity-
     metode ekuitas adalah sebagai berikut:                                            accounted investees is as follows:
                                                                2025                             2024
     PT Mitra Pinasthika Mustika Rent                                                                                   PT Mitra Pinasthika Mustika Rent

     Persentase kepemilikan                                               50%)                           50%)               Percentage ownership interest
     Aset lancar                                                       337.725)                       414.596)                               Current assets
     Aset tidak lancar                                               3.153.189)                     3.231.876)                          Non-current assets
     Liabilitas jangka pendek                                         (714.850)                      (796.645)                           Current liabilities
     Liabilitas jangka Panjang                                      (1.122.376)                    (1.232.642)                      Non-current liabilities
     Aset neto (100%)                                                1.653.688)                     1.617.185)                           Net assets (100%)
     Penyesuaian:                                                                                                                             Adjustments:
       Nilai wajar aset neto atas penjualan                                                                                Fair value net assets on sale of
         49,9997% kepemilikan Grup                                     466.803)                       466.803)       the Group’s 49.9997% ownership
       Long-term incentive                                                (259)                          (296)                      Long-term incentive
                                                                       466.544)                       466.507
     Aset neto setelah penyesuaian (100%)                            2.120.232)                     2.083.692)          Net assets after adjustments (100%)
     Nilai tercatat kepemilikan Grup atas aset                                                                                 The carrying amount of the
       neto (50%)                                                    1.060.116)                     1.041.846)         Group’s share of net assets (50%)
                                                                2025                             2024
     Pendapatan                                                    1.439.499)                       1.429.986)                                     Revenue
     Laba sebelum pajak                                               48.205)                          97.809)                           Income before tax
     Pendapatan komprehensif lain                                       (315)                           2.660)                 Other comprehensive income
     Laba komprehensif                                                36.541)                          80.570)                 Total comprehensive income
     Laba (100%)                                                      36.856)                          77.910)                               Profit (100%)
     Bagian Grup atas                                                                                                          The Group’s share in net of
       laba neto (50%)                                                   18.428)                         38.955)                            profit (50%)
                                                                2025                            2024
     PT JACCS Mitra Pinasthika                                                                                                 PT JACCS Mitra Pinasthika
     Mustika Finance Indonesia                                                                                                 Mustika Finance Indonesia

     Persentase kepemilikan                                               40%)                           40%)                Percentage ownership interest
     Aset                                                            4.040.380)                     6.857.317)                                          Assets
     Liabilitas                                                     (3.044.843)                    (5.422.883)                                      Liabilities
     Aset neto (100%)                                                  995.537)                     1.434.434)                             Net assets (100%)
     Penyesuaian:                                                                                                                               Adjustments:
       Nilai wajar aset neto atas penjualan 20%                                                                           Fair value net assets on sale of
         kepemilikan Grup                                              536.674)                        536.674)            the Group’s 20% ownership
       Long-term incentive 2018                                         (1.971)                         (1.971)                 Long-term incentive 2018
       Dampak penerapan awal PSAK 109                                                                                       Effect of initial application of
                                                                        21.539                         21.539                                  PSAK 109
                                                                       556.242                        556.242)
     Aset neto setelah penyesuaian (100%)                            1.551.779                      1.990.676          Net assets after adjustments (100%)
     Nilai tercatat kepemilikan Grup atas aset                                                                                 The carrying amount of the
       neto (40%)                                                      620.711)                         796.270)       Group’s share of net assets (40%)



 PT Mitra Pinasthika Mustika                                                                                                                                48
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                      PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                        PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                        CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                    UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                     FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                         (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

9.   INVESTASI PADA ENTITAS ASOSIASI (Lanjutan)                                       9. INVESTMENTS IN ASSOCIATES (Continued)
     Ringkasan informasi keuangan entitas yang dicatat dengan                           A summary of financial information of the equity-
     metode ekuitas adalah sebagai berikut (Lanjutan):                                  accounted investees is as follows (Continued):
                                                                  2025                            2024
     Pendapatan                                                      1.022.951                       1.416.531)                               Revenue
     Rugi sebelum pajak                                                (370.774)                      (343.097)                        Loss before tax
     Pendapatan komprehensif lain                                        (2.312)                        12.185)          Other comprehensive income
     Rugi komprehensif                                                 (438.897)                      (272.629)              Total comprehensive loss
     Rugi (100%)                                                       (436.585)                      (284.814)                           Loss (100%)
     Bagian Grup atas rugi neto (40%)                                  (174.634)                      (113.926) The Group’s share in net of loss (40%)


10. DEPOSIT JAMINAN                                                                                                 10. GUARANTEE DEPOSITS

     Pos ini merupakan berupa deposito berjangka Rupiah yang                            The caption represents restricted Rupiah time deposits
     dibatasi penggunaannya karena dijaminkan ke:                                       that are pledged to:

                                                                  2025                          2024
     PT Astra Honda Motor                                                                                                              PT Astra Honda Motor
      (pemasok utama)                                                 1.045.698                        999.071                             (main supplier)
     Lainnya                                                             33.620                         33.792                                        Others
                                                                      1.079.318                      1.032.863

11. ASET TETAP, NETO                                                                                                     11. FIXED ASSETS, NET
                                                                            2025
                                                                              Refklasifikasi
                                                                             dari aset dalam     Reklasifikasi
                                                                             pembangunan/            ke aset
                                     Saldo                                  Reclassifications    takberwujud/         Saldo
                                     awal/                                     from assets      Reclassifications     akhir/
                                   Beginning    Penambahan/    Pengurangan/       under           to intangible      Ending
                                    balance       Additions     Deductions    construction            assets         balance
     Biaya perolehan:                                                                                                                          Acquisition cost:
      Tanah                          366.976)            -)               -)         10.216)                  -)      377.192)                          Land
      Bangunan                       733.037)          553)        (14.072)          57.706)                  -)      777.224)                      Buildings
      Kendaraan                       46.304)        3.862)         (7.089)              163)                 -)       43.240)                       Vehicles
      Peralatan kantor               212.618)        8.131)        (12.005)              641)                 -)      209.385)              Office equipment
      Sarana dan prasarana            23.087)        3.582)         (2.614)            1.547)                 -)       25.602) Facilities and infrastructures
                                   1.382.022)       16.128)        (35.780)          70.273)                  -)    1.432.643)
      Aset dalam pembangunan          67.335)       38.690)              (-)         (70.273)            (6.467)       29.285)   (Assets under construction
                                   1.449.357)       54.818)        (35.780)                -)            (6.467)    1.461.928)
     Akumulasi penyusutan:                                                                                                         Accumulated depreciation:
      Bangunan                      (372.038)       (36.638)        14.072)               -)                  -)     (394.604)                      Buildings
      Kendaraan                      (32.349)        (5.135)         4.223)               -)                  -)      (33.261)                       Vehicles
      Peralatan kantor              (161.626)       (15.369)        11.963)               -)                  -)     (165.032)              Office equipment
      Sarana dan prasarana           (21.583)        (1.479)         2.614)               -)                  -)      (20.448) Facilities and infrastructures
                                    (587.596)       (58.621)        32.872)               -)                  -)     (613.345)

     Penyisihan penurunan nilai      (14.358)             -)              -)              -)                  -)      (14.358) Allowance for impairment losses

     Nilai tercatat                  847.403)                                                                        834.225                   Carrying amount




 PT Mitra Pinasthika Mustika                                                                                                                                  49
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                    PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                      PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                      CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                  UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                       NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                   FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                       (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

11. ASET TETAP, NETO (Lanjutan)                                                                       11. FIXED ASSETS, NET (Continued)
                                                                          2024
                                                                            Refklasifikasi
                                                                           dari aset dalam     Reklasifikasi
                                                                           pembangunan/            ke aset
                                   Saldo                                  Reclassifications    takberwujud/          Saldo
                                   awal/                                     from assets      Reclassifications      akhir/
                                 Beginning    Penambahan/    Pengurangan/       under           to intangible       Ending
                                  balance       Additions     Deductions    construction            assets          Balance
   Biaya perolehan:                                                                                                                           Acquisition cost:
    Tanah                          366.948)            -)            (58)              86)                  -)       366.976)                           Land
    Bangunan                       719.271)        1.217)            (98)          12.647)                  -)       733.037)                       Buildings
    Kendaraan                       43.375)        5.499)         (2.691)             121)                  -)        46.304)                        Vehicles
    Peralatan kantor               205.588)        8.892)         (1.884)              22)                  -)       212.618)               Office equipment
    Sarana dan prasarana            23.030)          421)          ((364)               -)                  -)        23.087)   Facilities and infrastructures
                                 1.358.212)       16.029)         (5.095)          12.876)                  -)     1.382.022)
    Aset dalam pembangunan          59.111)       44.424)              -)         (12.876)            (23.324)        67.335)     (Assets under construction
                                 1.417.323)       60.453)         (5.095)               -)            (23.324)     1.449.357)
   Akumulasi penyusutan:                                                                                                            Accumulated depreciation:
    Bangunan                      (336.617)       (35.512)            91)               -)                    -)   (372.038)                         Buildings
    Kendaraan                      (30.160)        (5.075)         2.886)               -)                    -)    (32.349)                          Vehicles
    Peralatan kantor              (145.547)       (17.129)         1.050)               -)                    -)   (161.626)                 Office equipment
    Sarana dan prasarana           (21.145)         ((566)           128)               -)                    -)    (21.583)    Facilities and infrastructures
                                  (533.469)       (58.282)         4.155)               -)                    -)   (587.596)

   Penyisihan penurunan nilai      (14.358)             -)              -)              -)                    -)     (14.358) Allowance for impairment losses

   Nilai tercatat                  869.496)                                                                         847.403)                  Carrying amount
    Rugi penurunan nilai                                                          Impairment losses
                                                                 2025                      2024
   Bangunan                                                             13.600                    13.600                                             Buildings
   Sarana dan Prasarana                                                    745                       745                        Facilities and Infrastructures
   Peralatan kantor                                                         13                        13                                     Office equipment
                                                                        14.358                    14.358

    MPM AUTO                                                                           MPM AUTO
      Di 2018, Grup mengakhiri hubungan distribusi kendaraan-                            In 2018, the Group has terminated the four-wheel
      beroda-empat dan suku cadang, melalui MPM AUTO,                                    vehicles and spare part distribution relationship,
      dengan PT Nissan Motor Indonesia.                                                  through MPM AUTO, with PT Nissan Motor Indonesia.
      Karenanya, Grup mengestimasi nilai terpulihkan aset tetap                          Accordingly, the Group estimated the recoverable
      terkait yang terdiri dari bangunan dan peralatan kantor.                           amounts of the related fixed assets consisting of
      Bangunan telah diturunkan ke nilai wajar dikurangi biaya                           buildings and office equipment. Buildings have been
      penjualan. Sebagian besar peralatan kantor telah seluruhnya                        reduced to their fair values less cost to sell. Most of the
      diturunkan nilainya karena dikondisi saat ini, nilai sisanya                       office equipment have been entirely impaired because
      dianggap tidak bernilai.                                                           in their present conditions, their salvage values are
                                                                                         deemed inconsequential.
    Informasi relevan lainnya                                                       Other relevant information
                                                                 2025                         2024
    Penyusutan dibebankan pada:                                                                                      Depreciation expenses are charged to:
       Beban usaha (Catatan 24)                                         58.621                       58.282               Operating expenses (Note 24)
    Rincian keuntungan penjualan dan pelepasan aset tetap adalah                    Details of gains on sale and disposal of fixed assets are as
    sebagai berikut:                                                                follows:
                                                                 2025                         2024

   Penerimaan dari penjualan aset tetap                                  4.133)                       2.001)              Proceeds from sale of fixed assets
   Nilai tercatat                                                       (2.908)                        (940)                            Carrying amounts
                                                                         1.225)                       1.061)

                                                                 2025                         2024
   Aset tetap disusutkan penuh tapi masih                                                                          Fully depreciated fixed assets but still in
      digunakan                                                       239.846                     226.914                                            use
   Jaminan keagenan ke                                                                                                  Pledged as dealership guarantee to
      PT Astra Honda Motor                                            110.813                     118.147                         PT Astra Honda Motor
PT Mitra Pinasthika Mustika                                                                                                                                      50
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

11. ASET TETAP, NETO (Lanjutan)                                                         11. FIXED ASSETS, NET (Continued)
    Informasi relevan lainnya (Lanjutan)                                Other relevant information (Continued)
                                                        2025                     2024
   Aset dalam pembangunan:                                                                                   Assets under construction:
       Jenis aset                                Bangunan/Buildings)      Bangunan/Buildings)                           Type of assets
       Persentase penyelesaian                           29% - 98%               56% - 96%                  Percentage of completion
       Perkiraan selesai                                       2026                    2025                 Estimated to be completed
   Nilai pertanggungan asuransi                             747.484                  773.445                                Sum insured
   Nilai wajar aset tetap                                 1.445.515                1.396.308                   Fair value of fixed assets
   Pada tanggal 31 Desember 2025 dan 2024, terdapat saldo                 As of 31 December 2025 and 2024, balances amounting to
   sebesar Rp 876 dan Rp 5.032 yang belum dilunasi untuk                  Rp 876 and Rp 5,032 remained unpaid for purchases of
   pembelian aset tetap.                                                  fixed assets.
   Aset tetap diasuransikan terhadap risiko kebakaran dan risiko          Fixed assets are insured against loss of fire and other risks
   lainnya yang jumlahnya menurut penilaian manajemen                     at an amount that management has assessed is adequate to
   memadai untuk menutupi kerugian atas aset yang                         cover possible losses on the insured assets.
   dipertanggungkan.
   Pada tanggal 31 Desember 2025 dan 2024, manajemen telah                As of 31 December 2025 and 2024, management has
   mengkaji estimasi masa manfaat aset tetap dan hasilnya telah           reviewed the estimated useful lives of fixed assets and has
   sesuai. Masa manfaat didasarkan pada periode estimasi di mana          found them to be appropriate. The useful lives are based on
   manfaat ekonomi masa depan yang akan diterima oleh Grup,               the estimated period over which future economic benefits
   dengan mempertimbangkan perubahan yang merugikan tak                   will be received by the Group, taking into account any
   terduga dalam keadaan atau peristiwa-peristiwa.                        unexpected adverse changes in circumstances or events.
   Nilai wajar dari aset tetap semata untuk tujuan pengungkapan           The fair value of fixed assets solely for disclosure purpose
   diukur menggunakan teknik berikut:                                     is measured using the following techniques:
    -   Tanah: perbandingan pasar (nilai wajar level 2)                   -   Land: market comparison (fair value level 2)
        Model penilaian ini mempertimbangkan harga pasar                      The valuation model considers quoted market prices
        kuotasian untuk tanah yang serupa apabila tersedia, dan               for similar lands when they are available, and then it
        lalu menambahkan elemen-elemen yang dapat                             incorporates elements that may affect the land’s value
        mempengaruhi nilai tanah tersebut seperti, antara lain, tipe          such as, among others, the title of land’s ownership,
        kepemilikan tanah, lingkungan fisik, akses, lokasi dan                physical environment, accessibility, location and
        kondisi pasar. Secara umum, nilai wajar tanah akan naik               market conditions. In general, the fair value of the land
        bila harga pasar kuotasian yang menjadi dasar perhitungan             increases if the quoted market prices that form the
        naik dan elemen-elemen yang dijelaskan diatas membaik,                basis of calculation increase and the elements as
        begitu pula sebaliknya.                                               described above get better, and vice versa.
    -   Bangunan: Perbandingan pasar (nilai wajar level 2)                -   Building: market comparison (fair value level 2)
        Model penilaian ini mempertimbangkan harga pasar yang                 The valuation model considers market price which
        direkonsiliasi dari data pasar dan pendekatan biaya.                  reconciliated from market data and cost approaches.
        Pendekatan data pasar mempertimbangkan ketersediaan                   Market data approach considers availability of similar
        data pasar properti yang serupa dan pendekatan biaya                  property market data and cost approach considers
        mempertimbangkan harga untuk properti yang serupa,                    price for similar property, replacement cost if they are
        biaya penggantian apabila tersedia, dan umur manfaat dari             available, and useful life of its property.
        properti tersebut.
    -   Aset tetap lainnya: biaya pengganti yang disusutkan (nilai        -   Other fixed assets: depreciated replacement cost
        wajar level 3)                                                        (fair value level 3)
        Model penilaian ini mempertimbangkan biaya yang                       The valuation model considers the estimated costs
        diperkirakan akan dikeluarkan untuk memperoleh aset                   incurred to acquire the asset at present market condition,
        tersebut dalam kondisi pasar saat ini, dikurangi akumulasi            less the accumulated depreciation based on its useful
        penyusutan berdasarkan umur manfaat aset tersebut, yang               life, which is determined through inspection on current
        ditentukan melalui pemeriksaan kini atas kerusakan fisik              physical deterioration, as well as functional and
        dan juga keusangan fungsi dan ekonomi. Secara umum,                   economic obsolescence. In general, the fair value of the
        nilai wajar aset tetap akan naik bila estimasi biaya                  fixed assets increases if the estimated acquisition cost
        pengganti perolehan naik dan/atau tingkat kerusakan fisik             increased and/or the level of physical deterioration and
        dan keusangan menurun, dan begitu pula sebaliknya.                    obsolescence decreased, and vice versa.




PT Mitra Pinasthika Mustika                                                                                                           51
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

12. ASET TAKBERWUJUD                                                                                    12. INTANGIBLE ASSETS
                                                          2025                    2024
      Harga perolehan:                                                                                                                Cost:
         Saldo awal                                          265.918)                240.655)                        Beginning balance
         Penambahan                                                -)                  1.939)                                   Addition
         Reklasifikasi (Catatan 11)                            6.467)                 23.324)                 Reclassification (Note 11)
         Saldo akhir                                         272.385)                265.918)                            Ending balance
      Akumulasi amortisasi:                                                                                    Accumulated amortization:
         Saldo awal                                          (163.480)              (141.173)                        Beginning balance
         Penambahan                                           (23.904)               (22.307)                                   Addition
         Saldo akhir                                         (187.384)              (163.480)                            Ending balance
                                                               85.001)               102.438)
       Pada tanggal 31 Desember 2025 dan 2024, aset takberwujud             As at 31 December 2025 and 2024, other intangible assets
       lainnya terdiri dari perangkat lunak untuk customer                  consist of customer relationship software that provides a
       relationship yang menyediakan wadah untuk penjual                    platform for the dealers to conduct their sales and after
       melakukan aktivitas penjualan dan layanan purna jual dan             sales activities, and its corresponding hardwares.
       perangkat keras terkait.
       Pada tanggal 31 Desember 2025, saldo sebesar Rp 68 belum             As of 31 December 2025, balances amounting to Rp 68
       dibayar untuk pembelian aset takberwujud (31 Desember 2024:          remained unpaid for purchases of intangible assets
       Rp nil).                                                             (31 December 2024: Rp nil).
13.    UTANG BANK JANGKA PENDEK                                                                   13. SHORT-TERM BANK LOANS
                                                          2025                    2024

       PT Bank Permata Tbk                                    203.160                     5.577                     PT Bank Permata Tbk
       PT Bank Central Asia Tbk                                 1.983                     4.614                  PT Bank Central Asia Tbk
                                                              205.143                    10.191
       Kisaran suku bunga per tahun                    8,04% - 8,10%           8,05% - 8,11%              Range of interest rates per annum
       Pembayaran pokok pinjaman selama                                                                     Repayments of principal during
          periode/tahun berjalan                              601.078)                575.696                            the period/year
       Seluruh kreditur bukan pihak berelasi dan utang bank ini             All lenders are not related parties and the bank loans are
       didenominasi dalam Rupiah.                                           denominated in Rupiah.
       Grup diwajibkan oleh krediturnya untuk memenuhi batasan-            The Group is required by the lenders to comply with
       batasan termasuk batasan rasio keuangan. Pada tanggal               covenants including financial ratio covenants. As at
       31 Desember 2025 dan 2024, Grup telah mematuhi                      31 December 2025 and 2024, the Group has complied with
       pembatasan yang ada.                                                the covenants.
       Pada tanggal 31 Desember 2025 dan 2024, utang bank jangka           As of 31 December 2025 and 2024, short-term bank loans
       pendek kepada PT Bank Permata Tbk dan PT Bank Central               to PT Bank Permata Tbk and PT Bank Central Asia Tbk
       Asia Tbk dijaminkan dengan sertifikat deposito masing-              were secured by deposit certificates amounted to Rp 26,620
       masing sebesar Rp 26.620 dan Rp 23.565.                             and Rp 23,565, respectively.

14.    UTANG USAHA                                                                                         14. TRADE PAYABLES
       Pos ini merupakan utang yang timbul dari pembelian barang           The caption represents payables arising from purchases of
       dan jasa. Tidak ada pemasok pihak berelasi.                         goods and services. There is no related party supplier.
                                                           2025                  2024*
       Rupiah                                                 680.055                898.178                                       Rupiah

       Grup tidak memberikan garansi atau jaminan atas utang               The Group does not provide any guarantee or collateral for
       usaha diatas.                                                       the above trade payables.



      *Disajikan kembali (lihat Catatan 34)                                                                   *As restated (see Note 34)

 PT Mitra Pinasthika Mustika                                                                                                            52
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

15.    UTANG LAINNYA                                                                                          15. OTHER PAYABLES
                                                            2025                  2024*

       Uang muka dari pelanggan                                  53.635                66.005                        Advances from customers
       Pendaftaran kendaraan                                     48.276                49.887                             Vehicle registration
       Pemasaran dan iklan                                        3.906                 3.403                       Marketing and advertising
       Pembelian aset tetap                                         876                 5.032                       Acquisition of fixed assets
       Deposit jaminan dari pelanggan                               544                   585                   Customers’ guarantee deposits
       Lainnya                                                   20.165                28.131                                            Other
                                                                127.402               153.043


16.    BEBAN AKRUAL                                                                                       16. ACCRUED EXPENSES
                                                            2025                  2024
       Kompensasi karyawan                                      87.360                 74.060                          Employee compensation
       Pemasaran dan iklan                                      55.781                 63.495                        Marketing and advertising
       Distribusi, pergudangan dan pengepakan                    6.004                  5.508         Distribution, warehousing and packaging
       Jasa tenaga ahli                                          3.274                  4.385                                 Professional fees
       Perbaikan dan pemeliharaan                                  902                  2.266                          Repair and maintenance
       Lainnya                                                  17.826                 19.818                                           Other
                                                               171.147                169.532


17.    KONTRAK ASURANSI DAN REASURANSI                                   17. INSURANCE AND REINSURANCE CONTRACTS
                                                    Contract not       Contract
                                                   measured under      measured
                                                       PAA            under PAA      Jumlah/ Total
       31 Desember 2025                                                                                                    31 December 2025
       Kontrak asuransi                                                                                                   Insurance contracts
         Liabilitas kontrak asuransi:                                                                          Insurance contract liabilities:
         Properti                                                 -        401.904          401.904                                 Property
         Asuransi Kredit Multiguna                          246.831              -          246.831           Multipurpose Credit Insurance
         Kendaraan bermotor                                       -        244.940          244.940                           Motor vehicle
         Rekayasa                                                 -        149.800          149.800                            Engineering
         Tanggung Gugat                                           -        129.595          129.595                               Liabilities
         Rangka Kapal                                             -         20.627           20.627                            Marine Hull
         Pengangkutan Laut                                        -         19.504           19.504                           Marine Cargo
         Lainnya                                                  -          8.231            8.231                                   Others
                                                            246.831        974.601        1.221.432

        Kontrak reasuransi                                                                                             Reinsurance contracts
         Aset kontrak reasuransi:                                                                              Reinsurance contract assets:
         Properti                                                 -        386.323         386.323                                 Property
         Asuransi Kredit Multiguna                          169.465              -         169.465            Multipurpose Credit Insurance
         Kendaraan bermotor                                       -          2.773           2.773                           Motor vehicle
         Rekayasa                                                 -        147.961         147.961                             Engineering
         Tanggung Gugat                                           -        118.187         118.187                                Liabilities
         Rangka Kapal                                             -         43.159          43.159                             Marine Hull
         Pengangkutan Laut                                        -         17.383          17.383                           Marine Cargo
         Lainnya                                                  -            913             913                                   Others
                                                            169.465        716.699         886.164




      *Disajikan kembali (lihat Catatan 34)                                                                      *As restated (see Note 34)

 PT Mitra Pinasthika Mustika                                                                                                                53
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                           FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI                                                                            17. INSURANCE AND
    DAN REASURANSI (Lanjutan)                                                     REINSURANCE CONTRACTS (Continued)
                                                Contract not           Contract
                                               measured under          measured
                                                   PAA                under PAA     Jumlah/ Total
   31 Desember 2024 (Disajikan kembali)                                                                    31 December 2024 (As Restated)
   Kontrak asuransi                                                                                                    Insurance contracts
     Liabilitas kontrak asuransi:                                                                           Insurance contract liabilities:
     Properti                                                 -           346.008          346.008                               Property
     Asuransi Kredit Multiguna                          390.784                 -          390.784         Multipurpose Credit Insurance
     Kendaraan bermotor                                       -           307.517          307.517                         Motor vehicle
     Rekayasa                                                 -            75.790           75.790                          Engineering
     Tanggung Gugat                                           -           130.110          130.110                             Liabilities
     Rangka Kapal                                             -            18.558           18.558                          Marine Hull
     Pengangkutan Laut                                        -            33.662           33.662                         Marine Cargo
     Lainnya                                                  -             8.582            8.582                                 Others
                                                        390.784           920.227        1.311.011
   Kontrak reasuransi                                                                                               Reinsurance contracts
    Aset kontrak reasuransi:                                                                                Reinsurance contract assets:
    Properti                                                  -           342.858          342.858                              Property
    Asuransi Kredit Multiguna                           264.551                 -          264.551         Multipurpose Credit Insurance
    Kendaraan bermotor                                        -             3.633            3.633                        Motor vehicle
    Rekayasa                                                  -            65.801           65.801                          Engineering
    Tanggung Gugat                                            -           124.825          124.825                             Liabilities
    Pengangkutan Laut                                         -            22.577           22.577                        Marine Cargo
    Rangka Kapal                                              -            47.230           47.230                          Marine Hull
    Lainnya                                                   -               792              792                                Others
                                                        264.551           607.716          872.267

   Tidak terdapat eksposur risiko kredit yang signifikan dari               There was no significant credit risk exposure from insurance
   kontrak asuransi pada tanggal 31 Desember 2025 (2024:                    contracts as of 31 December 2025 (2024: IDR 94,901 million),
   Rp 94.901 juta), yang terutama berkaitan dengan premi yang               which primarily relates to premiums receivable for services that
   dapat ditagih untuk layanan yang telah diberikan oleh Grup, dan          the Group has already provided, and the maximum exposure to
   eksposur maksimum terhadap risiko kredit dari kontrak                    credit risk from reinsurance contracts is Rp 26,070 million
   reasuransi adalah sebesar Rp 26.070 juta (2024: Rp 26.373 juta).         (2024: Rp 26,373 million).

   a. Pergerakan saldo kontrak asuransi dan reasuransi                      a.    Movements in insurance and reinsurance contract
                                                                                  balances
      Rekonsiliasi berikut menunjukkan bagaimana jumlah                           The following reconciliations show how the net carrying
      tercatat bersih kontrak asuransi dan reasuransi di setiap                   amounts of insurance and reinsurance contracts in each
      segmen berubah selama tahun berjalan sebagai akibat dari                    segment changed during the year as a result of cash flows
      arus kas dan jumlah yang diakui dalam laporan laba rugi dan                 and amounts recognised in the statement of profit or loss
      penghasilan komprehensif lain.                                              and other comprehensive income.
      Grup menyajikan sebuah tabel yang secara terpisah                           The Group presents a table that separately analyses
      menganalisis    pergerakan    dalam     liabilitas  untuk                   movements in the liabilities for remaining coverage and
      pertanggungan yang tersisa dan pergerakan dalam liabilitas                  movements in the liabilities for incurred claims and
      untuk klaim yang telah terjadi serta merekonsiliasi                         reconciles these movements to the line items in the
      pergerakan tersebut dengan pos-pos dalam laporan laba rugi                  statement of profit or loss and other comprehensive
      dan penghasilan komprehensif lain.                                          income.
      Rekonsiliasi kedua disajikan untuk kontrak yang tidak                       A second reconciliation is presented for contracts not
      diukur berdasarkan PAP, yang secara terpisah menganalisis                   measured under the PAA, which separately analyses
      perubahan dalam estimasi nilai kini arus kas masa depan,                    changes in the estimates of the present value of future cash
      penyesuaian risiko untuk risiko non-keuangan, dan CSM.                      flows, the risk adjustment for non-financial risk and the
                                                                                  CSM.




                                                                                                                                             54
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                                                                                    PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                                      PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                       LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                                        CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                                                                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)
17. KONTRAK ASURANSI DAN REASURANSI (Lanjutan)                                                                                                                                             17. INSURANCE AND REINSURANCE CONTRACTS (Continued)
   a. Pergerakan saldo kontrak asuransi dan reasuransi                                                                                                                   a. Movements in insurance and reinsurance contract balances
      i. Kontrak Asuransi                                                                                                                                                   i. Insurance Contract
         Analisis berdasarkan cakupan sisa dan klaim terjadi – Kontrak yang tidak diukur menggunakan PAP                                                                       Analysis by remaining coverage and incurred claims – Contracts not measured under PAA
                                                                                                                      2025                                                                                                                            2024
                                                        Liabilitas sisa masa pertanggungan/Liabilities                                                                                     Liabilitas sisa masa pertanggungan/Liabilities
                                                                    for remaining coverage                     Liabilitas klaim/ Liabilities for incurred claims                                       for remaining coverage                  Liabilitas klaim/Liabilities for incurred claims
                                                                                                              Estimasi arus kas              Penyesuaian risiko untuk                                                                        Estimasi arus kas
                                                          Di luar komponen                                mendatang/ Estimates of           risiko non-keuangan / Risk                       Di luar komponen                               mendatang/ Estimates          Penyesuaian risiko non-
                                                         rugi/ Excluding loss       Komponen rugi/       present value of future cash           adjustment for non-         Jumlah/         rugi/ Excluding loss        Komponen rugi/       of present value of         keuangan/Risk adjustment
                                                              component             Loss component                  flows                          financial risk            Total               component              Loss component        future cash flows             for non-financial risk   Jumlah/ Total
         Liabilitas awal/ Opening liabilities                        161.511)                 71.018)                        140.358)                         17.897)          390.784)                 193.074)                 69.988)                   99.813)                          4.845)         367.720)
         Perubahan dalam laporan laba rugi dan
            OCI/ Changes in the statement of profit
            or loss and OCI
         Pendapatan asuransi/ Insurance revenue                       (42.119)                      -)                             -)                               -)          (42.119)                 (98.032)                      -)                        -)                             -)          (98.032)
          Beban jasa asuransi/ Insurance service
            expenses
         Klaim Terjadi dan beban jasa asuransi
            lainnya / Incurred claims and other
            insurance service expenses                                      -)                     -)                        34.798)                            2.191)          36.989)                   22.530)                      -)                  62.173)                         7.675)           92.378)
          Kerugian dan pembalikan kerugian atas
            kontrak yang merugikan/ Losses and
            reversals of losses on onerous contracts                        -)               (45.353)                              -)                               -)          (45.353)                       -)                 (3.466)                       -)                              -)           (3.466)
          Amortisasi arus kas akuisisi asuransi/
            Amortisation of insurance acquisition
            cash flows                                                  6.463)                     -)                              -)                               -)            6.463)                 10.209)                       -)                        -)                             -)          10.209)
         Penyesuaian atas liabilitas klaim terjadi/
            Adjustments to liabilities for incurred
            claims                                                          -)                      -)                       (36.512)                         (15.227)          (51.739)                        -)                     -)                      (90)                         5.241)            5.151)
         Hasil jasa asuransi/ Insurance service
            result                                                    (35.656)               (45.353)                         (1.714)                         (13.036)          (95.759)                 (65.293)                 (3.466)                  62.083)                        12.916)             6.240)
         Beban keuangan neto dari kontrak asuransi/
            Net finance expenses from insurance
            contracts                                                 12.643)                  2.828)                          7.090)                             856)          23.417)                   18.228)                 4.496)                     3.120)                          136)           25.980)
         Dampak pergerakan kurs valuta asing/ Effect
            of movements in exchange rates                                  -)                      -)                             -)                               -)                -)                           -)                  -)                        -)                             -)                   -)
         Total perubahan dalam laporan laba rugi
            dan penghasilan komprehensif lain
            (OCI)/ Total changes in the statement
            of profit or loss and OCI                                 (23.013)               (42.525)                          5.376)                         (12.180)          (72.342)                 (47.065)                 1.030)                   65.203)                        13.052)           32.220)
         Arus kas/ Cash flows
         Premi yang diterima/ Premiums received                         1.373)                      -)                             -)                               -)            1.373)                  10.781)                      -)                        -)                             -)          10.781)
          Klaim dan beban jasa asuransi lainnya yang
            dibayar/ Claims and other insurance
            service expenses paid                                           -)                      -)                       (65.460)                               -)          (65.460)                           -                   -)                 (24.870)                              -)          (24.870)
         Arus kas akuisisi asuransi/ Insurance
            acquisition cash flows                                      1.548)                      -)                             -)                               -)            1.548)                     213)                      -)                       -)                              -)              213)
         Total arus kas/ Total cash flows                               2.921)                      -)                       (65.460)                               -)          (62.539)                  10.994)                      -)                 (24.870)                              -)          (13.876)
         Transfer ke pos-pos lain dalam laporan
            posisi keuangan/Transfer to other items
            in the statement of financial position                    (8.900)                      -)                           (172)                               -)          (9.072)                   4.508)                      -)                     212)                              -)            4.720)
         Liabilitas akhir/ Closing liabilities                       132.519)                 28.493)                         80.102)                           5.717)         246.831)                 161.511)                 71.018)                 140.358)                         17.897)          390.784)




      PT Mitra Pinasthika Mustika                                                                                                                                                                                                                                                                          55
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                                                                                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                               LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                                CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                                                            (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI DAN REASURANSI (Lanjutan)                                                                                                                                                17. INSURANCE AND REINSURANCE CONTRACTS (Continued)
   a.   Mutasi saldo kontrak asuransi dan reasuransi (Lanjutan)                                                                                                           a. Movements in insurance and reinsurance contract balances (Continued)
        i. Kontrak Asuransi (Lanjutan)                                                                                                                                       i. Insurance Contract (Continued)
           Analisis berdasarkan cakupan sisa dan klaim terjadi – Kontrak yang diukur menggunakan PAP                                                                            Analysis by remaining coverage and incurred claims – Contracts measured under PAA
                                                                                                                       2025                                                                                                                              2024
                                                         Liabilitas sisa masa pertanggungan/Liabilities                                                                                       Liabilitas sisa masa pertanggungan/Liabilities
                                                                     for remaining coverage                     Liabilitas klaim/ Liabilities for incurred claims                                         for remaining coverage                  Liabilitas klaim/Liabilities for incurred claims
                                                                                                               Estimasi arus kas              Penyesuaian risiko untuk                                                                          Estimasi arus kas
                                                           Di luar komponen                                mendatang/ Estimates of           risiko non-keuangan / Risk                         Di luar komponen                               mendatang/ Estimates          Penyesuaian risiko non-
                                                          rugi/ Excluding loss       Komponen rugi/       present value of future cash           adjustment for non-         Jumlah/           rugi/ Excluding loss       Komponen rugi/        of present value of         keuangan/Risk adjustment
                                                               component             Loss component                  flows                          financial risk            Total                 component             Loss component         future cash flows             for non-financial risk   Jumlah/ Total
          Liabilitas awal/ Opening liabilities                        455.623)                  1.944)                        408.756)                         53.904)          920.227)                   384.270)                  1.492)                 387.080)                         12.010)          784.852)
          Perubahan dalam laporan laba rugi dan
              OCI/ Changes in the statement of profit
              or loss and OCI
          Eliminasi antar-perusahaan/ Intercompany
              elimination                                              (6.725)                      -)                              -)                               -)           (6.725)                   (5.741)                       -)                        -)                             -)          (5.741)
          Pendapatan asuransi/ Insurance revenue                     (882.876)                  3.904)                              -)                               -)         (878.972)                 (809.639)                       -)                        -)                             -)        (809.639)
           Beban jasa asuransi/ Insurance service
              expenses
          Klaim Terjadi dan beban jasa asuransi
              lainnya / Incurred claims and other
              insurance service expenses                                     -)                (3.515)                        289.183)                           7.933)         293.601)                           -)                     -)                225.811)                         16.866)          242.677)
           Amortisasi arus kas akuisisi asuransi/
              Amortisation of insurance acquisition
              cash flows                                               76.885))                     -)                              -)                               -)          76.885)                    85.027)                       -)                       -)                              -)          85.027)
           Kerugian dan pembalikan kerugian atas
              kontrak yang merugikan/ Losses and
              reversals of losses on onerous contracts                       -)                   (20)                              -)                               -)                (20)                       -)                      -)                       -)                              -)                   -)
          Penyesuaian atas liabilitas klaim terjadi/
              Adjustments to liabilities for incurred
              claims                                                         -)                      -)                       (17.392)                         (43.757)          (61.149)                          -)                     -)                 (18.634)                        24.623)             5.989)
          Hasil jasa asuransi/ Insurance service
              result                                                 (812.716)                    369)                        271.791)                         (35.824)         (576.380)                  (730.353)                      -)                207.177)                         41.489)         (481.687)
          Beban keuangan neto dari kontrak asuransi/
              Net finance expenses from insurance
              contracts                                                  2.267)                      -)                        17.524)                           2.123)          21.914)                      5.177)                      -)                  14.425)                           405)           20.007)
          Dampak pergerakan kurs valuta asing/ Effect
              of movements in exchange rates                             7.400)                  (673)                              -)                               -)            6.727)                     5.106)                   452)                         -)                             -)            5.558)
          Total perubahan dalam laporan laba rugi
              dan penghasilan komprehensif lain
              (OCI)/ Total changes in the statement
              of profit or loss and OCI                              (803.049)                   (304)                        289.315)                         (33.701)         (547.739)                 (720.070)                    452)                 221.602)                         41.894)         (456.122)
          Arus kas/ Cash flows
          Premi yang diterima/ Premiums received                      814.661)                       -)                             -)                               -)         814.661)                    829.968                       -)                        -)                             -)         829.968)
           Klaim dan beban jasa asuransi lainnya yang
              dibayar/ Claims and other insurance
              service expenses paid                                          -)                      -)                     (211.605)                                -)         (211.605)                             -                   -)                (199.924)                              -)        (199.924)
          Arus kas akuisisi asuransi/ Insurance
              acquisition cash flows                                  (46.775)                       -)                            -)                                -)         (46.775)                   (79.222)                       -)                       -)                              -)         (79.222)
          Total arus kas/ Total cash flows                            767.886)                       -)                     (211.605)                                -)         556.281)                   750.746)                       -)                (199.924)                              -)         550.822)
          Transfer ke pos-pos lain dalam laporan
              posisi keuangan/Transfer to other items
              in the statement of financial position                   42.846)                       -)                         3.020)                               -)          45.866)                     39.657)                      -)                      (2)                              -)          39.655)
           Eliminasi antar-perusahaan/ Intercompany
              elimination                                                 (34)                       -)                             -)                              -)              (34)                     1.020)                      -)                       -)                              -)            1.020)
          Liabilitas akhir/ Closing liabilities                       463.272)                   1.640)                       489.486)                         20.203)          974.601)                   455.623)                  1.944)                 408.756)                         53.904)          920.227)




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                                                                                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                     LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                                      CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                                                               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI DAN REASURANSI                                                                                                                                                                        17. INSURANCE AND REINSURANCE CONTRACTS
   a. Mutasi saldo kontrak asuransi dan reasuransi (Lanjutan)                                                                                                    a. Movements in insurance and reinsurance contract balances (Continued)
      i. Kontrak Asuransi (Lanjutan)                                                                                                                                i. Insurance Contract (Continued)
         Analisis berdasarkan komponen pengukuran – Kontrak yang tidak diukur menggunakan PAP                                                                          Analysis by measurement component – Contracts not measured under PAA
                                                                                                                             2025                                                                                                             2024
                                                                          Estimasi arus kas      Penyesuaian risiko untuk               MJK pendekatan                                    Estimasi arus kas      Penyesuaian risiko untuk            MJK pendekatan
                                                                         mendatang/ Estimates    risiko non keuangan/ Risk          retrospektif modifikasian/                           mendatang/ Estimates    risiko non keuangan/ Risk       retrospektif modifikasian/
                                                                          of present value of        adjustment for non-            CSM modified retrospective       Jumlah/              of present value of        adjustment for non-         CSM modified retrospective    Jumlah/
                                                                           future cash flows            financial risk                      approach                  Total                future cash flows            financial risk                   approach               Total

         Saldo awal/ Opening liabilities                                             362.299)                      28.429)                                 56)            390.784)                   351.114)                       16.239)                             367)             367.720)
         Perubahan dalam laporan laba rugi dan OCI/ Changes in
           the statement of profit or loss and OCI                                          -)                          -)                                  -)                      -)                      -)                           -)                               -)                   -)
         Perubahan terkait jasa masa kini/ Changes that relate to
           current services
         MJK yang diakui atas jasa yang diberikan/ CSM recognized for
           service provided                                                                 -)                          -)                             (1.068)                 (1.068)                      -)                           -)                            (119)                (119)
         Perubahan penyesuaian risiko untuk risiko non-keuangan atas
           risiko yang telah lewat/ Change in risk adjustment for non-
           financial risk for risk expired                                                  -)                     (2.693)                                  -)              (2.693)                        -)                       (3.047)                               -)              (3.047)
         Penyesuaian pengalaman/ Experience adjustments                               (14.879)                          -)                                  -)             (14.879)                  (18.913)                            -)                               -)             (18.913)
         Perubahan terkait jasa masa depan/ Changes that relate to
           future services
         Kontrak yang baru diakui dalam tahun berjalan/ Contracts
           initially recognised in the year                                           (11.509)                     (1.796)                                  -)             (13.305)                    5.978)                         299)                                -)               6.277)
         Perubahan estimasi yang menyesuaikan MJK/ Changes in
           estimates that adjust the CSM                                               (8.778)                      3.392)                              5.386)                      -)                 1.596)                       (1.388)                            (208)                   -)
         Perubahan estimasi yang menghasilkan kerugian dan
           pembalikan kerugian atas kontrak merugi/ Changes in
           estimates that result in losses and reversal of losses on
           onerous                                                                     (9.874)                     (2.201)                                  -)             (12.075)                    6.796)                      10.095)                                -)             16.891)
         Perubahan terkait jasa masa lalu/ Changes that relate to
           past service                                                                                                                                      )
          Penyesuaian terhadap liabilitas klaim yang telah terjadi/
             Adjustments to liabilities for incurred claims                           (36.512)                    (15.227)                                  -)             (51.739)                       (90)                       5.241)                               -)               5.151)

         Hasil jasa asuransi/ Insurance service result                                (81.552)                    (18.525)                              4.318)             (95.759)                    (4.633)                      11.200)                            (327)               6.240)
          Beban keuangan neto dari kontrak asuransi/ Net finance
            expenses from insurance contracts                                         20.817)                       2.510)                                 90)             23.417)                    24.974)                          990                               16)             25.980)
          Total perubahan dalam laporan laba rugi dan OCI/ Total
            changes in the statement of profit or loss and OCI                        (60.735)                    (16.015)                              4.408)             (72.342)                   20.341)                      12.190)                             (311)             32.220)
          Arus kas/ Cash flows
          Premi yang diterima/ Premiums received                                        1.373)                          -)                                  -)                 1.373)                 10.781)                            -)                               -              10.781)
          Klaim dan beban jasa asuransi lainnya yang dibayar/ Claims
             and other insurance service expenses paid                                (65.460)                          -)                                  -)             (65.460)                  (24.870)                            -)                               -          (24.870)
          Arus kas akuisisi asuransi/ Insurance acquisition cash flows                  1.548)                          -)                                  -)               1.548)                      213)                            -)                               -              213)
          Total arus kas/ Total cash flows                                            (62.539)                          -)                                  -)             (62.539)                  (13.876)                            -)                               -          (13.876)
          Transfer ke pos-pos lain dalam laporan posisi keuangan/
             Transfer to other items in the statement of financial
             position                                                                  (9.072)                          -)                                  -)                 (9.072)                 4.720)                            -)                               -)               4.720)

           Liabilitas akhir/ Closing liabilities                                     229.953)                      12.414)                              4.464)            246.831)                   362.299)                       28.429)                              56)             390.784)




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                                                                                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                         LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                                          CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                                                                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI DAN REASURANSI                                                                                                                                                                                    17. INSURANCE AND REINSURANCE CONTRACTS
  a.   Mutasi saldo kontrak asuransi dan reasuransi (Lanjutan)                                                                                                             a.   Movements in insurance and reinsurance contract balances (Continued)
       ii. Kontrak Reasuransi                                                                                                                                                   i. Reinsurance Contract
           Analisis berdasarkan cakupan sisa dan klaim terjadi – Kontrak yang tidak diukur menggunakan PAP                                                                         Analysis by remaining coverage and incurred claims – Contracts not measured under PAA
                                                                                                                         2025                                                                                                                              2024
                                                            Aset sisa masa pertanggungan/ Assets for                                                                                           Aset sisa masa pertanggungan/ Assets for
                                                                       remaining coverage                              Aset klaim/ Assets for incurred claims                                             remaining coverage                        Liabilitas klaim/Liabilities for incurred claims
                                                                                                                 Estimasi arus kas             Penyesuaian risiko untuk                                                                           Estimasi arus kas
                                                            Di luar komponen                                 mendatang/ Estimates of          risiko non-keuangan / Risk                        Di luar komponen                               mendatang/ Estimates of          Penyesuaian risiko non-
                                                           rugi/ Excluding loss      Komponen rugi/         present value of future cash          adjustment for non-           Jumlah/        rugi/ Excluding loss     Komponen rugi/          present value of future        keuangan/Risk adjustment
                                                                component            Loss component                    flows                         financial risk              Total              component           Loss component                cash flows                  for non-financial risk   Jumlah/ Total
          Aset awal/ Opening assets                                     86.270)                50.759)                          107.243)                        16.440)            260.712)                 89.732)              51.722)                       114.133)                          3.480)          259.067)
          Perubahan dalam laporan laba rugi dan
             OCI/ Changes in the statement of profit
             or loss and OCI
          Alokasi premi reasuransi yang dibayar/
             Allocation of reinsurance premiums
             paid                                                      (26,172)                        -)                             -)                              -)            (26.172)                (15.747)                      -)                          -)                              -)          (15.747)
          Jumlah yang dapat dipulihkan dari
             reasuradur/ Amounts recoverable from
             reinsurers
          Pemulihan klaim terjadi dan beban jasa
             asuransi lainnya/ Recoveries of incurred
             claims and other insurance service
             expenses                                                         -)               (7.516)                           25.038)                          2.225)            19.747)                       -              (1.029)                        45.254)                          6.931)           51.156)
          Pemulihan dan pembalikan pemulihan atas
             kontrak yang merugikan/ Recoveries and
             reversals of recoveries of losses on
             onerous underlying contracts                                     -)              (22.661)                                -)                              -)            (22.661)                      -)             (3.241)                              -)                              -)           (3.241)
          Penyesuaian atas aset untuk klaim terjadi/
             Adjustments to assets for incurred claims                        -)                       -)                       (44.410)                        (13.670)            (58.080)                      -)                      -)                      5.876)                         5.936)           11.812)
          Dampak perubahan risiko gagal bayar
             reasuradur/ Effect of changes in non-
             performance risk of reinsurers                                   -)                       -)                             -)                              -)                  -)                 (4.993)                      -)                   (39.139)                               -)          (44.132)
          Beban neto dari kontrak reasuransi/ Net
             expenses from reinsurance contracts                       (26.172)               (30.177)                          (19.372)                        (11.445)            (87.166)                (20.740)             (4.270)                        11.991)                         12.867)              (152)
          Penghasilan keuangan neto dari kontrak
             reasuransi/ Net finance income from
             reinsurance contracts                                        4.070)                  963)                            5.382)                            787)            11.202)                   6.561)              3.307)                          2.327)                             93)          12.288)
          Total perubahan dalam laporan laba
             rugi dan OCI/ Total changes in the
             statement of profit or loss and OCI                       (22.102)               (29.214)                          (13.990)                        (10.658)            (75.964)                (14.179)               (963)                        14.318)                         12.960)           12.136)
          Arus kas/ Cash flows
          Premi yang dibayar/ Premiums paid                               2.096)                       -)                             -)                                              2.096)                  6.413)                      -)                         -)                               -)            6.413)
          Jumlah yang diterima/ Amount received                             108)                       -)                       (37.775)                              -)            (37.667)                     (2)                      -)                   (19.546)                               -)          (19.548)
          Total arus kas/ Total cash flows                                2.204)                       -)                       (37.775)                              -)            (35.571)                  6.411)                      -)                   (19.546)                               -)          (13.135)
          Transfer ke pos-pos lain dalam laporan
             posisi keuangan/ Transfer to other
             items in the statement of financial
             position                                                   (2.206)                     -)                           18.474)                              -)            16.268)                  4.306)                   -)                        (1.662)                              -)            2.644)
          Aset akhir/ Closing assets                                    64.166)                21.545)                           73.952)                          5.782)           165.445)                 86.270)              50.759)                       107.243)                         16.440)          260.712)




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                                                                                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                       LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                                        CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                                                                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI DAN REASURANSI                                                                                                                                                                                17. INSURANCE AND REINSURANCE CONTRACTS
   a. Mutasi saldo kontrak asuransi dan reasuransi (Lanjutan)                                                                                                            a. Movements in insurance and reinsurance contract balances (Continued)
      ii. Kontrak Reasuransi (Lanjutan)                                                                                                                                     ii. Reinsurance Contract (Continued)
          Analisis berdasarkan cakupan sisa dan klaim terjadi – Kontrak yang diukur menggunakan PAP                                                                             Analysis by remaining coverage and incurred claims – Contracts measured under
                                                                                                                                                                                PAA
                                                                                                                       2025                                                                                                                            2024
                                                          Aset sisa masa pertanggungan/ Assets for                                                                                         Aset sisa masa pertanggungan/ Assets for
                                                                     remaining coverage                              Aset klaim/ Assets for incurred claims                                           remaining coverage                        Liabilitas klaim/Liabilities for incurred claims
                                                                                                               Estimasi arus kas             Penyesuaian risiko untuk                                                                         Estimasi arus kas
                                                          Di luar komponen                                 mendatang/ Estimates of          risiko non-keuangan / Risk                      Di luar komponen                               mendatang/ Estimates of          Penyesuaian risiko non-
                                                         rugi/ Excluding loss      Komponen rugi/         present value of future cash          adjustment for non-         Jumlah/        rugi/ Excluding loss     Komponen rugi/          present value of future        keuangan/Risk adjustment
                                                              component            Loss component                    flows                         financial risk            Total              component           Loss component                cash flows                  for non-financial risk   Jumlah/ Total
         Aset awal/ Opening assets                                   139,432)                 1,374)                          421.111)                        49.638)          611.555)                 89.766)                 940)                       363.251)                          10.231           464.188
         Perubahan dalam laporan laba rugi dan
            OCI/ Changes in the statement of profit
            or loss and OCI
         Alokasi premi reasuransi yang dibayar/
            Allocation of reinsurance premiums
            paid                                                    (539,031)                  (70))                                -)                              -)         (539.101)              (441.093)                       -)                          -)                              -)        (441.093)
         Jumlah yang dapat dipulihkan dari
            reasuradur/ Amounts recoverable from
            reinsurers
         Pemulihan klaim terjadi dan beban jasa
            asuransi lainnya/ Recoveries of incurred
            claims and other insurance service
            expenses                                                        -)                  559)                          188.162)                          7.575)         196.296)                       -                       -)                   117.657)                         13.753)          131.410)
         Pemulihan dan pembalikan pemulihan atas
            kontrak yang merugikan/ Recoveries and
            reversals of recoveries of losses on
            onerous underlying contracts                                    -)                 (231)                                -)                              -)            (231)                       -)                      -)                          -)                              -)                   -)
         Penyesuaian terhadap aset untuk klaim
            terjadi/ Adjustments to assets for
            incurred claims                                                 -)                       -)                       (11.363)                        (39.444)          (50.807)                      -)                      -)                   (15.182)                         25.319)           10.137)
         Beban neto dari kontrak reasuransi/ Net
            expenses from reinsurance contracts                     (539,031)                   258)                          176.799)                        (31.869)         (393.843)              (441.093)                       -)                   102.475)                         39.072)         (299.546)
         Penghasilan keuangan neto dari kontrak
            reasuransi/ Net finance income from
            reinsurance contracts                                        297)                        -                         14.900)                          1.954)          17.151)                   4.467)                      -)                    12.279)                            335)           17.081)
         Dampak pergerakan kurs valuta asing/
            Effect of movements in exchange rates                     10.953)                  (455)                                -)                              -)          10.498)                   4.601)                434)                              -)                              -)            5.035)
         Total perubahan dalam laporan laba
            rugi dan OCI/ Total changes in the
            statement of profit or loss and OCI                     (527.781)                  (197)                          191.699)                        (29.915)         (366.194)              (432.025)                 434)                       114.754)                         39.407)         (277.430)
         Arus kas/ Cash flows
         Premi yang dibayar/ Premiums paid                           576.808)                        -)                            -)                               -)          576.808)               540.754)                       -)                         -)                               -)         540.754)
         Jumlah yang diterima/Amount received                        (38.551)                        -)                     (114.179)                               -)         (152.730)               (55.133)                       -)                   (99.279)                               -)        (154.412)
         Total arus kas/ Total cash flows                            538.257)                        -)                     (114.179)                               -)          424.078)               485.621)                       -)                   (99.279)                               -)         386.342)
         Transfer ke pos-pos lain dalam laporan
            posisi keuangan/ Transfer to other
            items in the statement of financial
            position                                                  57.476)                     -)                           (6.196)                             -)           51.280)                 (3.930)                   -)                        42.385)                              -)           38.455)
         Aset akhir/ Closing assets                                  207.384)                 1.177)                          492.435)                        19.723)          720.719)                139.432)               1.374)                       421.111)                         49.638)          611.555)




      PT Mitra Pinasthika Mustika                                                                                                                                                                                                                                                                            59
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                                                                                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                     LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024/
                                                      CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025 AND 2024
                                                               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI DAN REASURANSI                                                                                                                                                                       17. INSURANCE AND REINSURANCE CONTRACTS
  a. Mutasi saldo kontrak asuransi dan reasuransi (Lanjutan)                                                                                                      a. Movements in insurance and reinsurance contract balances (Continued)
     ii. Kontrak Reasuransi (Lanjutan)                                                                                                                               ii. Reinsurance Contract (Continued)
         Analisis berdasarkan cakupan sisa dan klaim terjadi – Kontrak yang tidak diukur menggunakan                                                                     Analysis by remaining coverage and incurred claims – Contracts measured under
         PAP                                                                                                                                                             PAA
                                                                                                                             2025                                                                                                            2024
                                                                          Estimasi arus kas      Penyesuaian risiko untuk               MJK pendekatan                                   Estimasi arus kas      Penyesuaian risiko untuk            MJK pendekatan
                                                                         mendatang/ Estimates    risiko non keuangan/ Risk          retrospektif modifikasian/                          mendatang/ Estimates    risiko non keuangan/ Risk       retrospektif modifikasian/
                                                                          of present value of        adjustment for non-            CSM modified retrospective       Jumlah/             of present value of        adjustment for non-         CSM modified retrospective     Jumlah/
                                                                           future cash flows            financial risk                      approach                  Total               future cash flows            financial risk                   approach                Total

        Saldo awal/ Opening liabilities                                              303.406)                       1.115)                            (43.809)            260.712)                  321.522)                       13.286)                         (75.741)              259.067)
        Perubahan dalam laporan laba rugi dan OCI/ Changes in
          the statement of profit or loss and OCI                                           -)                          -)                                   -)                    -)                      -)                           -)                                -)                   -)
        Perubahan terkait jasa masa kini/ Changes that relate to
          current services
        MJK yang diakui atas jasa yang diberikan/ CSM recognized for
          service provided                                                                  -)                          -)                              5.788)                 5.788)                      -)                           -)                          39.171)               39.171)
        Perubahan penyesuaian risiko untuk risiko non-keuangan atas
          risiko yang telah lewat/ Change in risk adjustment for non-
          financial risk for risk expired                                                   -)                     (5.360)                                   -)              (5.360)                      -)                       (2.055)                                -)              (2.055)
        Penyesuaian pengalaman/ Experience adjustments                                (15.080)                          -)                                   -)            (15.080)                 (18.980)                            -)                                -)             (18.980)
        Perubahan terkait jasa masa depan/ Changes that relate to
          future services                                                             (15.080)                     (5.360)                              5.788)             (14.652)                 (18.980)                       (2.055)                          39.171)               18.136)
        Kontrak yang baru diakui dalam tahun berjalan/ Contracts
          initially recognised in the year                                            (43.283)                     (3.978)                                   -)            (47.261)                 (50.294)                         (228)                                -)             (50.522)
        Perubahan pemulihan atas kerugian dari kontrak merugi yang
          menyesuaikan MJK/Changes in recoveries of losses on
          onerous underlying contracts that adjust the CSM                                  -)                          -)                            (16.705)             (16.705)                        -)                           -)                            (174)                 (174)
        Perubahan estimasi yang menyesuaikan MJK/ Changes in
          estimates that adjust the CSM                                                (5.033)                      2.654)                              2.379)                     -)                 6.910)                       (6.908)                              (2)                    -)
        Perubahan estimasi terkait kerugian dan pembalikan kerugian
          atas kontrak merugi/ Changes in estimates that result in
          losses and reversal of losses on onerous                                     41.291                      10.168)                                  -))             51.459)                  73.690)                       (8.962)                                -)              64.728)
        Perubahan terkait jasa masa lalu/ Changes that relate to
          past service                                                                                                                                       )
        Penyesuaian terhadap liabilitas klaim yang telah terjadi/
          Adjustments to liabilities for incurred claims                              (46.337)                    (13.670)                                  -)             (60.007)                   5.876)                       5.936)                                 -)             11.812))
        Dampak perubahan risiko gagal bayar reasuradur/ Effect of
           changes in non-performance contracts                                             -)                          -)                                  -)                     -)               (43.395)                         (737)                                -)             (44.132)
        Beban neto dari kontrak reasuransi/ Net expenses from
          reinsurance contracts                                                       (68.442)                    (10.186)                             (8.538)             (87.166)                 (26.193)                      (12.954)                          38.995)                 (152)
        Penghasilan keuangan neto dari kontrak reasuransi/ Net finance
           income from reinsurance contracts                                          19.368)                       2.859)                            (11.024)             11.202)                   18.568)                         783)                           (7.063)               12.288)
        Total perubahan dalam laporan laba rugi dan OCI/ Total
           changes in the statement of profit or loss and OCI                         (49.074)                     (7.328)                            (19.562)             (75.964)                   (7.625)                     (12.171)                          31.932)               12.136)
        Arus kas/ Cash flows
        Premi yang dibayar/ Premiums paid                                               2.096)                          -)                                   -)              2.096)                   6.413)                            -)                               -                 6.413)
        Jumlah yang diterima/ Amount received                                         (37.667)                          -)                                   -)            (37.667)                 (19.548)                            -)                               -               (19.548)
        Total arus kas/ Total cash flows                                              (35.571)                          -)                                   -)            (35.571)                 (13.135)                            -)                               -)              (13.135)
        Transfer ke pos-pos lain dalam laporan posisi keuangan/
             Transfer to other items in the statement of financial
             position                                                                 16.268)                           -)                                   -)             16.268)                   2.644)                            -)                               -)                2.644

         Liabilitas akhir/ Closing liabilities                                       235.029)                      (6.213)                            (63.371)            165.445)                  303.406)                        1.115)                         (43.809)              260.712)




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                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                           FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI DAN REASURANSI                                       17. INSURANCE AND REINSURANCE CONTRACTS
  b. Dampak dari kontrak yang baru diakui dalam tahun                     b. Effect of contracts initially recognized in the year
     berjalan
     Tabel berikut menyajikan ringkasan dampak                               The following tables summarise the effect on the
     terhadap komponen pengukuran yang timbul dari                           measurement components arising from the initial recognition
     pengakuan awal kontrak asuransi dan reasuransi                          of insurance and reinsurance contracts not measured under
     yang tidak diukur menggunakan PAP dalam tahun                           the PAA in the year.
     berjalan.
                                                          2025                     2024
                                                       Perolehan                Perolehan
                                                      kontrak yang             kontrak yang
                                                       merugikan/               merugikan/
                                                        Onerous                  Onerous
                                                        contracts                contracts
                                                        acquired                 acquired
     Estimasi nilai kini arus kas keluar - klaim                                                     Estimates of present value of cash outflows –
        dan beban jasa asuransi lainnya yang                                                       claims and other insurance service expenses
        terutang                                              3.387)                     4.729)                                         payable
     Estimasi nilai kini arus kas masuk                      (1.563)                    (3.485)          Estimates of present value of cash inflows
     Penyesuaian risiko untuk risiko non-                                                                        Risk adjustment for non-financial
         keuangan                                               338)                      586)                                               risk
                                                              2.162)                    1.830)

  c. Marjin Jasa Kontraktual                                              c. Contract Service Margin
     Tabel berikut menyajikan kapan Perusahaan                               The following table sets out when the Company expects to
     memperkirakan akan mengakui sisa MJK ke dalam                           recognise the remaining CSM in profit or loss after the
     laba rugi setelah tanggal pelaporan untuk kontrak                       reporting date for contracts not measured under the PAA.
     yang tidak diukur menggunakan PAP.

                                    1 tahun                                                                             Lebih
                                      atau           1-2       2-3             3-4          4-5           5-10        dari/More
                                   kurang/         tahun/    tahun/          tahun/       tahun/         tahun/        than 10         Jumlah/
                                  year or less      years     years           years        years          years         years           Total
     31 Desember/ December
         2025
      Kontrak asuransi/
         Insurance contract              155)        172)      253)              406)         356)         2.431)           691)            4.464)
      Kontrak reasuransi/
          Reinsurance
          contracts                   (1.669)      (1.083)   (1.998)          (2.447)      (2.665)       (29.400)       (24.109)          (63.371)
                                      (1.514)        (911)   (1.745)          (2.041)      (2.309)       (26.969)       (23.418)          (58.907)

     31 Desember/ December
         2024
     Kontrak asuransi/
          Insurance contract              10)           2)           -)            -)             2)          14)             28)              56)
     Kontrak reasuransi/
          Reinsurance
          contracts                   (1.021)      (3.166)   (1.216)          (1.721)      (1.963)       (18.662)       (16.060)          (43.809)
                                      (1.011)      (3.164)   (1.216)          (1.721)      (1.961)       (18.648)       (16.032)          (43.753)




   PT Mitra Pinasthika Mustika                                                                                                                   61
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. KONTRAK ASURANSI DAN REASURANSI                                           17. INSURANCE AND REINSURANCE CONTRACTS
  d. Perkembangan klaim                                                      d. Claims development
      Tabel di bawah ini menggambarkan bagaimana                                  The table below illustrates how estimates of cumulative
      estimasi klaim kumulatif telah berkembang dari                              claims have developed over time on a gross and net of
      waktu ke waktu berdasarkan klaim terjadi secara                             reinsurance incurred claims.
      bruto dan neto reasuransi.
      31 Desember/ December 2025
                                                              Sebelum/                                                        Jumlah/
                                                             Before 2022      2022         2023        2024        2025        Total
   Reasuransi bruto/Gross of reinsurance
        Estimasi klaim kumulatif bruto sebelum
               pendiskontoan/Estimates of undiscounted
               gross cumulative claims
        Pada akhir tahun kejadian/At end of accident year        268.583)    450.833)     222.627)    275.859)    326.455)
        Satu tahun kemudian/One year later                       284.230)    453.043)     232.414)    268.001)          -)
        Dua tahun kemudian/Two years later                       279.562)    459.202)     215.127)          -)          -)
        Tiga tahun kemudian/Three years later                    275.094)    468.708)           -)          -)          -)
        Empat tahun kemudian/Four years later                    271.392)          -)           -)          -)          -)
   Klaim bruto kumulatif yang dibayar/Cumulative
   gross claims paid                                             (270.616)   (208.796)    (186.488)   (203.013)   (107.804)             (976.717)
   Liabilitas bruto - tahun kejadian dari sebelum 2022
   sampai 2025/Gross liabilities - accident years before
   2022 to 2025                                                      776)    259.912)      28.639)     64.988)    218.651)              572.966)
   Liabilitas bruto - tahun kejadian sebelum 2021/Gross
            liabilities - accident years before 2022                                                                                        620)
   Klaim yang telah terjadi namun belum
        dilaporkan pada tanggal pelaporan
               (“IBNR”)/claims incurred but not yet
               reported (“IBNR”)                                        -)           -)       299)       1.411)      8.517)              10.227)
   Biaya penanganan klaim bruto/Gross claim handling
         expenses                                                       8)        152)         206)        562)      1,473)                2,401)
   Dampak pendiskontoan/Effect of discounting                         (62)    (11,609)      (1,279)     (2,903)     (9,766)              (25,619)
   Penyesuaian risiko untuk risiko non-keuangan/Risk
   adjustment for non-financial risk                                  63)     11,745)        1,294)      2,937)      9,881)              25,920)
   Liabilitas bruto untuk klaim terjadi yang termasuk
      dalam laporan posisi keuangan/Gross liabilities
      for incurred claims included in the statement of
      financial position                                                                                                                586.515)

   Reasuransi Neto/Net of reinsurance
       Estimasi klaim kumulatif neto sebelum
            pendiskontoan/Estimates of undiscounted
            net cumulative claims
       Pada akhir tahun kejadian/At end of accident year          98.524)    112.068)     117.402)    120.503)    107.313)
       Satu tahun kemudian/One year later                        101.715)    109.051)     118.791)    120.503)          -)
       Dua tahun kemudian/Two years later                        100.503)    108.476)     117.402)          -)          -)
       Tiga tahun kemudian/Three years later                     100.791)    112.068)           -)          -)          -)
       Empat tahun kemudian/Four years later                     106.473)          -)           -)          -)          -)
   Klaim bruto kumulatif yang dibayar/Cumulative net
     claims paid                                                 106.165)    106.034)     109.830)     99.756)     59.120)               480.905
   Liabilitas neto - tahun kejadian dari sebelum 2022
      sampai 2025/ Net liabilities - accident years before
      2022 to 2025                                                   308)       6.034)       7.572)    20.747)     48.193)               82.854)
   Liabilitas neto - tahun kejadian sebelum 2022/ Net
      liabilities - accident years before 2022                                                                                               15)
   Klaim yang telah terjadi namun belum dilaporkan pada
      tanggal pelaporan (“IBNR”)/ Claims incurred but not
      yet reported (“IBNR”)                                             -)           -)       299)        780)       5.098)                6.177)
   Biaya penanganan klaim bruto/ Gross claim handling
      expenses                                                          8)        152)         206)        563)      1.473)                2.402)
   Dampak pendiskontoan/Effect of discounting                         (18)     (1.213)        (416)     (1.091)     (2.786)               (5.524)
   Penyesuaian risiko untuk risiko non-keuangan/Risk
      adjustment for non-financial risk                                 7)     (1.450)        199)        637)       1.021)                 414)
   Liabilitas neto untuk klaim terjadi yang termasuk
      dalam laporan posisi keuangan/ Net liabilities for
      incurred claims included in the statement of
      financial position                                                                                                                 86.338)




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                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

18. LIABILITAS IMBALAN KERJA                                                          18. EMPLOYEE BENEFITS LIABILITIES
    Liabilitas imbalan kerja                                               Employee benefits liabilities
                                                        2025                   2024
    Imbalan pascakerja                                      32.776                24.788                           Post-employment benefits
    Imbalan kerja jangka panjang lainnya                    10.118                10.801                   Other long-term employee benefits
                                                            42.894                35.589
     a. Imbalan pascakerja                                                a. Post-employment benefits
        Grup membukukan kewajiban atas imbalan pascakerja                    The Group provide post-employment benefits liabilities for
        karyawan untuk karyawan yang memenuhi persyaratan                    its qualifying employees in accordance with Labor Law
        sesuai   dengan      Undang-Undang      Ketenagakerjaan              No. 13/2003 and Government Regulation No. 35/2021.
        No. 13/2003 dan Peraturan Pemerintah No. 35/2021.
        Mutasi liabilitas imbalan pascakerja adalah sebagai                   The movement of post-employment benefits liability is as
        berikut:                                                              follows:
                                                         2025                   2024

        Saldo awal                                           42.373)               41.219)                                Beginning balance
        Diakui di laba rugi:                                                                                      Recognized in profit or loss:
          Biaya jasa kini                                      (2.974)                2.764)                         Current service costs
          Biaya bunga                                           2.683)                2.554)                                 Interest costs
                                                                 (291)                5.318)

        Diakui di penghasilan komprehensif lain                                                   Recognized in other comprehensive income
          laba aktuarial yang timbul dari:                                                                   actuarial gain arising from:
          - Asumsi demografis                                     559)                  33)                 Demographic assumptions -
          - Asumsi keuangan                                     3.146)              (3.873)                      Financial assumptions -
          - Penyesuaian pengalaman                              4.384)                 771)                      Experience adjustment -
                                                                8.089)              (3.069)

        Imbalan yang dibayarkan                                (290)                (1.099)                                      Benefits paid
        Lainnya                                                   -)                     4)                                            Others
                                                             49.881)                42.373)
        Nilai wajar aset program                            (17.105)               (17.585)                         Fair value of plan assets
        Saldo akhir, setelah dikurangi nilai wajar                                                         Ending balance, net of fair value of
         aset program                                          32.776)             24.788)                                      plan assets

        Mutasi nilai wajar aset program adalah sebagai berikut:               The movement in the fair value of plan assets is as follows:
        Saldo awal                                          (17.585)               (15.129)                                Beginning balance
        Kontribusi yang dibayar                              (6.400)                (4.000)                                Contributions paid
        Penarikan dana                                        8.000)                 2.361)                                       Withdrawal
        Penghasilan bunga                                    (1.171)                (1.133)                                   Interest income
        Imbal hasil atas aset program                            51)                   316)                              Return on plan assets
        Saldo akhir                                         (17.105)               (17.585)                                   Ending balance

        Dana aset program diinvestasikan sebagian besar di kas di             The majority of plan assets’ funds are invested in cash in
        bank dan deposito berjangka, di mana nilai tercatatnya                bank and time deposits, in which their carrying amounts
        mendekati nilai wajarnya.                                             approximate their fair values.
     b. Imbalan kerja jangka panjang lainnya                               b. Other long-term employee benefit
        Grup menyediakan imbalan kerja jangka panjang bagi                    The Group provides long-service benefits for its
        karyawan yang telah bekerja untuk sejumlah tahun.                     employees who have worked for a certain number of
        Imbalan menjadi terutang pada tanggal yang telah                      years. The benefits become payable on specified dates.
        ditentukan.




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                  PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

18. LIABILITAS IMBALAN KERJA (Lanjutan)                                       18. EMPLOYEE BENEFITS LIABILITIES (Continued)
     Liabilitas imbalan kerja (Lanjutan)                                              Employee benefits liabilities (Continued)
     b. Imbalan kerja jangka panjang lainnya (Lanjutan)                               b. Other long-term employee benefit (Continued)
        Berikut ini mencerminkan saldo dan mutasi kewajiban                                The following reflects the balances and the movements
        imbalan kerja jangka panjang untuk tahun berakhir                                  in the long-service benefits obligation for the years
        31 Desember 2025 dan 2024:                                                         ended 31 December 2025 and 2024:
                                                                    2025                     2024
         Saldo awal                                                       10.801)               11.135)                                 Beginning balance
         Biaya imbalan kerja                                                 588)                  581)                                      Benefits cost
         Imbalan yang dibayarkan                                          (1.271)                 (915)                                      Benefits paid
         Saldo akhir                                                      10.118)               10.801)                                   Ending balance
     c. Asumsi aktuarial                                                              c.    Actuarial assumptions
        Asumsi dasar aktuarial yang digunakan dalam perhitungan                             Principal actuarial assumptions used in computing the
        nilai liabilitas pada tanggal pelaporan adalah sebagai                              amount of the obligation as as at reporting dates were
        berikut:                                                                            as follows:
                                                             2025                                   2024
        Tingkat diskonto per tahun                                4,81% - 7,10%                         7,00% - 7,13%              Discount rate per annum
        Kenaikan gaji masa depan per tahun                        4,50% - 5,00%                                    5%    Future salary increment per annum
        Tingkat kematian                                                TMI’19                                TMI’19                         Mortality rate
        Tingkat disabilitas                         10% dari tingkat kematian/             10% dari tingkat kematian/                        Disability rate
                                                          10% of mortality rate                 10% of mortality rate
        Tingkat pengunduran diri per tahun           3% - 14% untuk karyawan               3% - 14% untuk karyawan              Resignation rate per annum
                                                      sebelum usia 30 dan akan              sebelum usia 30 dan akan
                                                  menurun secara linear sampai          menurun secara linear sampai
                                                               0% pada usia 53/                      0% pada usia 53/
                                                   3% - 14% for employee with            3% - 14% for employee with
                                                    age of less than 30 and will          age of less than 30 and will
                                                 linearly decrease to 0% at the        linearly decrease to 0% at the
                                                                       age of 53                             age of 53

        Tingkat diskonto digunakan dalam menentukan nilai kini                              The discount rate is used in determining the present
        kewajiban imbalan kerja pada tanggal penilaian. Secara                              value of the benefit obligation at valuation date. In
        umum, tingkat diskonto biasanya ditentukan sesuai dengan                            general, the discount rate is usually determined in line
        ketersediaan obligasi pemerintah yang ada di pasar aktif                            with the availability of government bond in the active
        pada tanggal posisi keuangan.                                                       capital market at the financial position date.
        Asumsi tingkat kenaikan gaji di masa depan                                          The future salary increment assumption projects the
        memproyeksikan kewajiban imbalan kerja mulai dari                                   benefit obligation starting from the valuation date up
        tanggal penilaian sampai dengan usia pensiun normal.                                to the normal retirement age. The increase rate of
        Tingkat kenaikan gaji pada umumnya ditentukan                                       salary is generally determined based on inflation
        berdasarkan penyesuaian inflasi terhadap tingkat upah dan                           adjustment to pay scales and increase in length of
        kenaikan masa kerja.                                                                service.
     d. Analisis sensitivitas                                                         d. Sensitivity analysis
        Kemungkinan perubahan yang wajar pada tanggal                                       Reasonably possible changes at the reporting dates to
        pelaporan atas satu dari asumsi aktuarial yang relevan,                             one of the relevant actuarial assumptions, holding
        dengan catatan asumsi lain tidak mengalami perubahan,                               other assumptions constant, would have affected the
        akan mengakibatkan perubahan jumlah liabilitas imbalan                              employee benefits liabilities by the amounts shown
        kerja sebagaimana ditunjukkan di bawah ini.                                         below.
                                                                 2025                             2024
                                                     Kenaikan/          Penurunan/    Kenaikan/          Penurunan/
                                                     Increase            Decrease     Increase            Decrease

        Tingkat bunga diskonto (pergerakan 1%)            (7.419)            5.313)         (6.720)            4.864)            Discount rate (1% movement)
        Tingkat kenaikan gaji (pergerakan 1%)              4.267)           (6.513)          4.042)           (6.016)    Salary increment rate (1% movement)



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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

18. LIABILITAS IMBALAN KERJA (Lanjutan)                               18. EMPLOYEE BENEFITS LIABILITIES (Continued)
   Liabilitas imbalan kerja (Lanjutan)                                     Employee benefits liabilities (Continued)
   e. Informasi historis                                                   e. Historical information

                                              2025          2024         2023         2022         2021

         Nilai kini kewajiban imbalan           49.881       42.373       41.219)       35.382)     59.849      Present value benefit obligation
         Penyesuaian kewajiban di masa lalu     (2.797)         116         (364)       (1.818)      2.230    Experience adjustment on liability

    Kompensasi berbasis saham                                         Share-based compensations
    Pada tahun 2014 Perseroan memulai program insentif                In 2014, the Company initiated long-term incentive plan to
    jangka Panjang untuk Direksi dan/atau Personel Manajemen          Directors and/or key management personnel of the Group. Share-
    Inti Grup. Pembayaran kompensasi jangka panjang berbasis          based incentive plan depends on the achievement of certain
    saham ini tergantung kepada pencapaian kondisi tertentu,          conditions, namely the condition of market performance and non-
    yaitu kondisi kinerja pasar dan bukan pasar.
                                                                      market.
    Pada tahun 2015 Perseroan mengubah formula perhitungan            In 2015 the Company amended the formula for calculating long-
    program insentif jangka panjang berbasis saham yang               term share-based incentive plan based on market and non-market
    berdasarkan pada kondisi kinerja pasar dan bukan pasar.           performance conditions. In 2018, the Company revised the long-
    Pada tahun 2018, Perseroan mengubah kembali program               term share-based incentive plan based solely on non-market
    insentif jangka panjang berbasis saham yang hanya
    didasarkan pada kondisi kinerja bukan pasar selama periode        performance conditions for a certain period. During the year, as
    tertentu. Selama tahun berjalan, sebagai akibat perubahan         a result of changes to this program, the Company recognized
    program ini, Perseroan mengakui perubahan di komponen             changes in other equity components, each in the form of additions
    ekuitas lainnya, penambahan sebesar Rp 2.403 dan Rp 1.527         amounted to Rp 2,403 and Rp 1,527 as of 31 December 2025 and
    masing-masing pada tanggal 31 Desember 2025 dan 2024.             2024, respectively.
    Estimasi jumlah biaya program pada tanggal                        Estimated total program costs as of 31 December 2025 and 2024
    31 Desember 2025 dan 2024 adalah masing-masing sebesar            was Rp 14,882 and Rp 12,479, respectively.
    Rp 14.882 dan Rp 12.479.
    Nilai wajar program kompensasi berbasis saham Perseroan           The fair values of the Company’s share-based compensation
    diukur berdasarkan perhitungan dari penilai berkualifikasi        plans is measured based on the calculation by qualified
    dengan menggunakan simulasi Monte Carlo.                          appraisers using Monte Carlo simulation.
    Simulasi ini menggunakan teknik pendekatan penghasilan,           The simulation is using income approach technique, in which the
    di mana nilai wajar didasarkan pada model arus kas                fair values are based on discounted cash flow models.
    terdiskonto.
    Simulasi ini mempertimbangkan harga pasar saham                   It considers market price of the Company’s shares at grant date,
    Perseroan di tanggal pemberian, dan asumsi dan input yang         and the assumptions and inputs used include historical volatility
    digunakan termasuk volatilitas historis dari entitas              of benchmarked entities, best estimate of dividend yield, risk-free
    pembanding, estimasi terbaik dari penghasilan dividen, suku       interest rates, and possibilities of achieving the vesting
    bunga bebas risiko, dan kemungkinan tercapainya kondisi           conditions.
    vesting.
19. LIABILITAS OPSI JUAL                                                                           19. PUT OPTION LIABILITY
   Pada tanggal 17 Juni 2020, Perseroan menandatangani                As of 17 June 2020, the Company enter a Put Option Agreement
   Perjanjian Opsi Jual (“Perjanjian”) untuk membeli 13.200           (“Agreement”) to purchase 13,200 shares from other
   lembar saham dari pemegang saham lainnya di AMPM                   shareholders in AMPM (Option Holders), by which the Put
   (Pemegang Opsi), di mana Opsi Jual dapat dilaksanakan oleh         Option can be exercised by the Option Holder within several
   Pemegang Opsi dalam beberapa periode vesting selama                vesting period over the usage term of the Put Option and using
   jangka waktu Opsi Jual dan dengan harga pelaksanaan Opsi           the Put Option exercise price pursuant to the term in the
   Jual sesuai ketentuan dalam perjanjian. Jangka waktu Opsi          agreement. The Put Option period is valid until, whichever is
   Jual tersebut berlaku sampai dengan, mana yang lebih               earlier, at 00.01 Western Indonesian Time on 1 February 2025 or
   dahulu terjadi, pukul 00.01 WIB tanggal 1 Februari 2025            5 (five) working days after Annual General Meeting of
   atau 5 (lima) hari kerja setelah Rapat Umum Pemegang               Shareholders of AMPM which agrees on AMPM Initial Public
   Saham AMPM yang menyetujui melakukan penawaran                     Offering (“IPO”) or until the ownership of shares become 100%
   umum perdana saham biasa atas nama AMPM atau sampai                from the Option Holder.
   dengan 100% kepemilikan saham dari Pemegang Opsi.

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                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


19.   LIABILITAS OPSI JUAL (Lanjutan)                                                  19. PUT OPTION LIABILITY (Continued)
      Pada tanggal 17 Desember 2024, Pemegang Opsi menyetujui                As of 17 December 2024, Option Holders approved the
      pelaksanaan Opsi Jual saham kepada Perseroan sebanyak                  exercise of Put Option to the Company amounting 0.49%
      0,49% dari total modal ditempatkan dan disetor pada AMPM               from issued and paid share capital in AMPM (539 shares
      (539 lembar dengan nilai transaksi sebesar Rp 11.249).                 with the total transaction value of Rp 11,249). As
      Sehingga untuk selanjutnya kepemilikan saham Perseroan                 afterwards the ownership at the Company is 99.99% from
      menjadi sebanyak 99,99% dari jumlah modal ditempatkan dan              issued and paid share capital in AMPM.
      disetor pada AMPM.
      Pada tahun 2025, Opsi Jual tersisa telah dibalik karena                In 2025, the remaining Put Option was reversed as
      manajemen menilai bahwa Opsi Jual tersebut tidak lagi akan             management assessed that the put option will no longer be
      dieksekusi. Penilaian ini didukung oleh telah berakhirnya              exercised. This assessment was based on the expiration of
      periode opsi dan tidak terdapat insentif kontraktual maupun            the option period and the absence of any contractual or
      ekonomi bagi pihak lawan transaksi untuk mengeksekusi opsi             economic incentive for the counterparty to exercise the
      tersebut. Dengan demikian, Opsi Jual tidak lagi memenuhi               option. Accordingly, the Put Option is no longer required
      kriteria pengakuan dan pembaliknya telah dicatat sebagai               to be recognized and the reversal has been recorded in
      komponen ekuitas lainnya.                                              other equity components.
                                                             2025                    2024*

      Pengakuan liabilitas untuk harga                                                                      Recognition liability for the written
       pelaksanaan opsi jual diterbitkan                             -)                      170)                 put option exercise price
      Nilai tercatat atas kepentingan                                                                       Carrying amount of noncontrolling
       nonpengendali                                                 -)                      (45)                                   interest
      Dicatat sebagai bagian atas komponen ekuitas                                                            Recorded as part of other equity
       lainnya (Catatan 28)                                          -)                      125)                    component (Note 28)

 20. MODAL SAHAM                                                                                                 20. SHARE CAPITAL
      Pada tanggal 31 Desember 2025 dan 2024, modal dasar                    As of 31 December 2025 and 2024, the Company’s
      Perseroan adalah sebesar Rp 5.000.000 (10.000.000.000 saham            authorized share capital amounted to Rp 5,000,000
      dengan nilai nominal Rp 500 (Rupiah penuh) per saham).                 (10,000,000,000 shares at nominal value of Rp 500 (whole
                                                                             Rupiah) per share).
      a. Struktur pemegang saham                                             a. Shareholding
         Struktur pemegang saham Perseroan pada tanggal                              The Company’s shareholding as 31 December 2025
         31 Desember 2025 dan 2024 berdasarkan catatan yang                          and 2024 based on the records maintained by
         dibuat oleh PT Datindo Entrycom, biro administrasi efek,                    PT Datindo Entrycom, the share administrator, was as
         adalah sebagai berikut:                                                     follows:
                                                                          2025
                                                                                          Jumlah
                                                     Jumlah saham/                       nominal/
                                                       Number of     Persentase/         Nominal
                         Pemegang saham                 shares       Percentage            value                   Shareholders
         PT Saratoga Investama Sedaya Tbk            2.530.083.541           57,67       1.265.042          PT Saratoga Investama Sedaya Tbk
         PT Persada Capital Investama                  223.150.000            5,09         111.575               PT Persada Capital Investama
                                                                                                                  Board of Commissioners and
         Dewan Komisaris dan Dewan Direksi:                                                                             Board of Directors:
           Edwin Soeryadjaya                                                                                             Edwin Soeryadjaya
             (Komisaris Utama)                           1.735.000            0,04             868             (President Commissioners)
           Tossin Himawan (Komisaris)                   72.429.700            1,65          36.215        Tossin Himawan (Commissioners)
           Danny Walla (Komisaris)                      51.978.000            1,18          25.989           Danny Walla (Commissioners)
           Suwito Mawarwati (Direktur Utama)            18.434.270            0,42           9.217   Suwito Mawarwati (President Director)
           Beatrice Kartika (Direktur)                   7.277.100            0,17           3.639               Beatrice Kartika (Director)
           Kemal Mawira (Direktur)                         342.600            0,01             171                Kemal Mawira (Director)
         Masyarakat (kepemilikan dibawah 5%)         1.474.393.480           33,61         737.196          Public (each ownership below 5%)
                                                     4.379.823.691           99,84       2.189.912
         Saham tresuri                                   7.139.585            0,16           3.570                              Treasury stocks
                                                     4.386.963.276          100,00       2.193.482




      *Disajikan kembali (lihat Catatan 34)                                                                       *As restated (see Note 34)

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                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                 UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

20. MODAL SAHAM (Lanjutan)                                                                          20. SHARE CAPITAL (Continued)

   a. Struktur pemegang saham (Lanjutan)                                      a. Shareholding (Continued)
      Struktur pemegang saham Perseroan pada tanggal                                The Company’s shareholding as 31 December 2025
      31 Desember 2025 dan 2024 berdasarkan catatan yang dibuat                     and 2024 based on the records maintained by
      oleh PT Datindo Entrycom, biro administrasi efek, adalah                      PT Datindo Entrycom, the share administrator, was as
      sebagai berikut: (Lanjutan)                                                   follows: (Continued)
                                                                       2024
                                                                                         Jumlah
                                                    Jumlah saham/                       nominal/
                                                      Number of       Persentase/       Nominal
                         Pemegang saham                shares         Percentage          value                   Shareholders

      PT Saratoga Investama Sedaya Tbk              2.530.083.541           56,69       1.265.042           PT Saratoga Investama Sedaya Tbk
      PT Persada Capital Investama                    223.150.000            5,00         111.575                PT Persada Capital Investama
                                                                                                                  Board of Commissioners and
      Dewan Komisaris dan Dewan Direksi:                                                                                Board of Directors:
        Edwin Soeryadjaya                                                                                                Edwin Soeryadjaya
          (Komisaris Utama)                             1.735.000            0,04             868              (President Commissioners)
        Tossin Himawan (Komisaris)                     72.429.700            1,62          36.215         Tossin Himawan (Commissioners)
        Danny Walla (Komisaris)                        51.978.000            1,16          25.989            Danny Walla (Commissioners)
        Suwito Mawarwati (Direktur Utama)              16.232.470            0,36           8.116    Suwito Mawarwati (President Director)
        Beatrice Kartika (Direktur)                     5.963.000            0,13           2.982                Beatrice Kartika (Director)
        Kemal Mawira (Direktur)                           197.800            0,00              99                 Kemal Mawira (Director)
      Masyarakat (kepemilikan dibawah 5%)           1.472.408.880           33,00         736.204           Public (each ownership below 5%)
                                                    4.374.178.391           98,00       2.187.090
      Saham tresuri                                    88.784.885            2,00          44.392                             Treasury stocks
                                                    4.462.963.276          100,00       2.231.482

   b. Pengelolaan modal                                                       b. Capital management
      Tujuan Perseroan dalam mengelola modal adalah untuk                        The objective of the Company when managing capital
      menjaga kelangsungan usaha Perseroan, dalam rangka                         is to safeguard the ability of the Company to continue
      memberikan pengembalian kepada pemegang saham dan                          as a going concern, in order to provide returns for
      manfaat kepada pemegang saham dan pemegang                                 shareholders and benefits for other stakeholders, and to
      kepentingan lainnya, dan mempertahankan struktur modal                     maintain an optimal capital structure to minimize the
      yang optimal untuk meminimalkan beban modal. Dalam                         effective cost of capital. In order to maintain the capital
      rangka mempertahankan struktur modal, Perseroan dapat                      structure, the Company may from time to time adjust the
      dari waktu ke waktu menyesuaikan jumlah dividen yang                       amounts of dividends paid to shareholders, issue
      dibayarkan kepada para pemegang saham, mengeluarkan                        private placement of new shares, and increase/decrease
      saham    baru    dengan   penempatan    terbatas   dan                     debt levels.
      menaikkan/menurunkan pinjaman.
      Berdasarkan Akta Notaris Jose Dima Satria, S.H., M.Kn No.                  Based on public notary deed Jose Dima Satria, S.H.,
      178 tanggal 27 Mei 2025 tentang Berita Acara Rapat Umum                    M.Kn. No. 178 dated 27 May 2025 about Minutes of
      Pemegang Saham Tahunan, menetapkan penambahan jumlah                       Annual General Meeting of Shareholders, sets out an
      cadangan wajib Perseroan sebesar Rp 10.000 atas laba bersih                additional for the Company’s appropriated retained
      tahun 2024. Saldo cadangan wajib pada tanggal 31 Desember                  earnings of Rp 10,000 for fiscal year 2024 net profit.
      2025 dan 2024 masing-masing sebesar Rp 155.298 dan                         Appropriated retained earnings balance as of
      Rp 145.298.                                                                31 December 2025 and 2024 amounted to Rp 155,298
                                                                                 and Rp 145,298, respectively.




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                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

20. MODAL SAHAM (Lanjutan)                                                                  20. SHARE CAPITAL (Continued)
   c. Pengurangan modal                                                c.   Capital reduction
      Hasil keputusan RUPS Perseroan tanggal 27 Mei 2025                     The resolution of the GMS of the Company on 27 May
      menyetujui pengalihan sebagian saham treasuri melalui                  2025 approve the transfer of a portion of the treasury
      pengurangan modal ditempatkan dan disetor Perseroan, yaitu             shares through withdrawal by reducing the Company's
      sebanyak 76.000.000 saham, sehingga modal ditempatkan                  issued and paid-up capital, amounting to 76,000,000
      dan disetor Perseroan berubah dari 4.462.963.276 menjadi               shares, whereby, the Company's issued and paid-up
      4.386.963.276 saham. Terhadap pengurangan modal tersebut               capital was changed from 4,462,963,276 to
      telah dituangkan di dalam Akta No. 179 tanggal 27 Mei 2025             4,386,963,276 shares. This capital reduction has been
      yang dibuat di hadapan notaris Jose Dima Satria, SH., M.Kn.,           documented in Deed No. 179 dated 27 May 2025 made
      dan telah mendapatkan persetujuan dari Menteri Hukum                   before notary Jose Dima Satria, SH., M.Kn., and has
      Republik Indonesia No. AHU-0050149.AH.01.02.Tahun                      been approved by the Minister of Law of the Republic
      2025 tanggal 30 Juli 2025                                              of Indonesia No. AHU-0050149.AH.01.02.Tahun 2025
                                                                             dated 30 July 2025.
   d. Saham tresuri                                                    d.    Treasury stocks
       Perseroan melakukan pembelian kembali sebagian saham                  The Company repurchased its shares publicly traded on
       yang diperdagangkan di Bursa Efek Indonesia, yang                     the Indonesia Stock Exchange, as permitted by OJK
       diperkenankan sesuai Peraturan OJK No. 2/POJK.04/2013                 Regulation No. 2/POJK.04/2013 dated 23 August 2013
       tanggal 23 Agustus 2013 dan Peraturan OJK                             and OJK Regulation No. 30/POJK.04/2017 dated
       No. 30/POJK.04/2017 tanggal 21 Juni 2017.                             21 June 2017.
       Pembelian kembali tersebut dilakukan secara bertahap                  The repurchase was executed gradually in several
       dalam beberapa periode diantara tahun 2013 dan 2017, di               periods in between 2013 and 2017, where the remained
       mana sisa saham tresuri yang dimiliki saat ini merupakan              treasury stocks owned is from the purchases of last
       pembelian dari satu tahun terakhir:                                   year:
               29 Agustus 2013 – 28 November 2013;                                  29 August 2013 – 28 November 2013;
               9 Desember 2013 – 8 Maret 2014;                                      9 December 2013 – 8 March 2014;
               24 Agustus 2015 – 23 November 2015;                                  24 August 2015 – 23 November 2015;
               30 November 2015 – 31 Januari 2016;                                  30 November 2015 – 31 January 2016;
               1 Februari 2016 – 1 Mei 2016;                                        1 February 2016 – 1 May 2016;
               27 Juli 2017 – 31 Desember 2017 (pelunasan                           27 July 2017 – 31 December 2017 (settlement
                terjadi di Januari 2018).                                             occurred in January 2018).
       Selama tahun berakhir 31 Desember 2025 dan 2024,                      For the years ended 31 December 2025 and 2024, the
       Perseroan juga membagikan sebanyak 5.645.300 dan                      Company also distributed 5,645,300 and 7,928,200
       7.928.200 saham kepada karyawan Perseroan sehubungan                  shares to its employee with regards to the
       dengan Program Insentif Jangka Panjang dengan jumlah                  implementation of Long Term Incentive Program for a
       nilai distribusi sebesar Rp 5.219 dan Rp 7.329.                       total distribution price of Rp 5,219 and Rp 7,329,
                                                                             respectively.
       Sehingga, pada tanggal 31 Desember 2025, Perseroan                    Therefore, as at 31 December 2025, the Company had
       memiliki saham tresuri sebanyak 7.139.585 lembar saham                7,139,585 shares of treasury stocks for a total price of
       dengan nilai sebesar Rp 6.556 (2024: 88.784.885 lembar                Rp 6,556 (2024: 88,784,885 shares for a total price of
       saham dengan nilai sebesar Rp 81.558).                                Rp 81,558).
    e. Dividen tunai                                                   e.   Cash Dividend
       Dalam Rapat Umum Pemegang Saham Tahunan yang                         At the Annual General Meeting of Shareholders held on
       diadakan pada tanggal 27 Mei 2025, pemegang saham                    27 May 2025, the shareholders approved declaration of
       menyetujui pembagian dividen tunai atas laba bersih tahun            cash dividends for fiscal year 2024 net profit, with total
       buku 2024, dengan total keseluruhannya sebesar                       amount of Rp 525,579 (Rp 120 (whole Rupiah) per
       Rp 525.579 (Rp 120 (Rupiah penuh) per saham).                        share)



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                      PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

20. MODAL SAHAM (Lanjutan)                                                                    20. SHARE CAPITAL (Continued)

      e. Dividen tunai (Lanjutan)                                          e. Cash Dividend (Continued)
         Dalam Rapat Umum Pemegang Saham Tahunan yang                          At the Annual General Meeting of Shareholders held on
         diadakan pada tanggal 29 Mei 2024, pemegang saham                     29 May 2024, the shareholders approved declaration of
         menyetujui pembagian dividen tunai atas laba bersih tahun             cash dividends for fiscal year 2023 net profit, with total
         buku 2023, dengan total keseluruhannya sebesar                        amount of Rp 503,031 (Rp 115 (whole Rupiah) per
         Rp 503.031 (Rp 115 (Rupiah penuh) per saham).                         share).


21.   TAMBAHAN MODAL DISETOR                                                              21. ADDITIONAL PAID-IN CAPITAL

                                                           2025                  2024
                                                                      )
      Penawaran umum saham perdana                            970.000)             970.000)                           Initial public offering
      Konversi dari obligasi konversi                         572.833)             572.833)               Conversion of convertible bonds
      Pelaksanaan hak pembelian saham                          44.630)              44.630)         Exercising the right to purchase shares
      Biaya penerbitan saham                                 (120.612)            (120.612)                            Share issuance costs
      Keuntungan penjualan saham tresuri                           71)              31.225)                 Gain on sale of treasury stocks
                                                            1.466.922)           1.498.076)

22.   PENDAPATAN NETO                                                                                         22. NET REVENUES

                                                           2025                 2024*
      Penjualan neto ke pihak ketiga:                                                                            Net sales to third parties:
         Kendaraan bermotor roda dua dan suku                                                                       Two-wheel vehicles
           cadangnya                                        15.231.085           15.477.599                 including the spare parts
      Pendapatan neto dari pihak ketiga:                                                                   Net revenues from third parties:
         Asuransi                                              921.091              907.671                                    Insurance
                                                            16.152.176           16.385.270


      Tidak ada pendapatan dari pelanggan individu yang melebihi           No revenues earned from individual customers had value
      10% dari jumlah pendapatan neto.                                     exceeding 10% of total net revenues.

23.   BIAYA POKOK PENDAPATAN                                                                            23. COST OF REVENUES
                                                           2025                 2024*
      Barang dagangan 1 Januari                               438.590              276.532             Merchandise inventories 1 January
      Pembelian tahun berjalan                             14.238.018)          14.430.925)                     Purchases during the year
      Barang dagangan 31 Desember                            (669.774)            (438.590)          Merchandise inventories 31 December
      Biaya pokok penjualan dari aktivitas dagang          14.006.834)          14.268.867)            Cost of sales from trading activities

      Biaya pokok pendapatan lainnya                          784.256)             777.863)                          Other cost of revenues
                                                           14.791.090)          15.046.730)

      Rincian pemasok dengan jumlah nilai pembelian yang                   The details of supplier from whom the Group made
      melebihi 10% dari jumlah pendapatan neto adalah sebagai              purchases with value of more than 10% of the total net
      berikut:                                                             revenues are as follow:
                                                           2025                  2024

      PT Astra Honda Motor                                  12.949.478           13.164.310                         PT Astra Honda Motor




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                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

24.   BEBAN USAHA                                                                                  24. OPERATING EXPENSES
                                                          2025                 2024*

      Kompensasi karyawan                                     355.957             323.439                        Employee compensation
      Iklan dan promosi                                       132.627             145.850                     Advertising and promotion
      Biaya alih daya                                         125.458             120.268                                Outsourcing fees
      Transportasi dan penyimpanan                             74.310              71.724                    Transportation and storage
      Penyusutan aset tetap                                    58.621              58.282                    Depreciation of fixed assets
      Perbaikan dan pemeliharaan                               38.093              36.556                       Repair and maintenance
      Jasa tenaga ahli                                         31.121              35.384                               Professional fees
      Amortisasi                                               23.904              22.307                                    Amortization
      Sewa                                                     16.517              13.652                                           Rental
      Penyusutan aset hak-guna                                  9.748               9.554              Depreciation of right-of-use assets
      Telekomunikasi                                            9.600              11.090                            Telecommunication
      Biaya keanggotaan                                         9.294               7.860                                 Membership fee
      Perjalanan dinas                                          8.883               8.799                                       Travelling
      Utilitas                                                  8.251               8.676                                         Utilities
      Peralatan kantor                                          7.769               7.149                                  Office supplies
      Pajak dan lisensi                                         7.702               6.439                                Tax and licenses
      Pelatihan                                                 5.601               8.133                                        Training
      Lainnya                                                  15.362              13.755                                          Others
                                                              938.818             908.917


25.   PENDAPATAN LAINNYA                                                                                     25. OTHER INCOME

                                                          2025                 2024*

      Bea balik nama kendaraan                                177.349              154.212                      Vehicle registration fees
      Keuntungan valuta asing                                  15.324               24.294                     Gain on foreign exchange
      Pendapatan sewa                                           8.180                5.399                                 Rental income
      Pendapatan investasi                                     28.192               29.653                              Investing income
      Keuntungan penjualan aset tetap                           1.225                1.061                     Gain on sale of fixed asset
      Penggantian klaim                                             -               26.164                         Indemnification claim
      Lainnya                                                  40.888               34.442                                          Other
                                                              271.158              275.225


26.   SEGMEN OPERASI                                                                              26. OPERATING SEGMENTS

      Grup memiliki dua segmen operasi. Setiap segmen                     The Group has two operating segments. Each segment
      menawarkan produk dan jasa yang berbeda, dan dikelola               offers different products and services, and is managed
      secara terpisah karena perbedaan model bisnis dan strategi          separately because each has different business model and
      pemasaran. Ikhtisar berikut menjelaskan hasil operasional           marketing strategies. The following summary describes the
      segmen operasi Grup:                                                result of the operations of the Group’s operating segments:
          Distribusi, ritel dan aftermarket termasuk pembelian,              Distribution, retail and aftermarket includes
           penjualan dan jasa atas kendaraan bermotor roda dua dan             purchasing, sales and services of two-wheel vehicles
           suku cadang.                                                        and its spareparts.
          Asuransi termasuk asuransi umum.                                   Insurance includes general insurance.




 *Disajikan kembali (lihat Catatan 34)                                                                       *As restated (see Note 34)


                                                                                                                                              70

 PT Mitra Pinasthika Mustika
Page 301
               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                            FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

26. SEGMEN OPERASI (Lanjutan)                                                     26. OPERATING SEGMENTS (Continued)
                                         Distribusi, ritel
                                        dan aftermarket/
   Untuk tahun berakhir                Distribution, retail   Asuransi/   Eliminasi/    Konsolidasian/               For the year ended
     31 Desember 2025:                  and aftermarket       Insurance   Elimination   Consolidated               31 December 2025:
   Pendapatan neto                             15.231.085      927.816        (6.725)      16.152.176)                      Net revenues
   Biaya pokok pendapatan                     (14.006.834)    (784.256)            -)     (14.791.090)                   Cost of revenues
   Laba bruto                                   1.224.251      143.560        (6.725)       1.361.086)                       Gross profit
   Beban usaha                                   (703.490)    (133.471)        4.651         (832.310)              Operating expenses
   Pendapatan lainnya                             210.161       45.806          (546)         255.421                     Other income
   Beban lainnya                                  (19.251)           -)            -          (19.251)                  Other expenses
   Pendapatan keuangan                             74.099       44.206             -          118.305)                 Finance income
   Biaya keuangan                                  (3.533)     (51.977)        2.194)          (53.316)                   Finance costs
   Laba sebelum pajak                             782.237       48.124          (426)         829.935                  Profit before tax
   Beban pajak penghasilan                       (139.986)      (2.907)            -)        (142.893)              Income tax expense
   Laba segmen dilaporkan                         642.251       45.217          (426)         687.042         Reportable segment profit
   Bagian atas rugi entitas asosiasi                                                         (156.206) Share of loss of associates entity
   Beban neto Perseroan yang tidak
     dialokasikan, setelah pajak                                                                          The Company’s net unallocated
     penghasilan:                                                                                           expense, net of income tax:
     Biaya keuangan                                                                                 -)                    Finance cost
     Selain biaya keuangan, neto                                                              (71.215)     Other than finance cost, net
   Laba neto dari operasi yang
     dilanjutkan, setelah pajak                                                                             Net profit from continuing
     penghasilan                                                                              459.621) operations, net of income tax
   Laba neto dari operasi yang
     dihentikan, setelah pajak                                                                             Net profit from discontinued
     penghasilan                                                                                2.296)     operations, net of income tax
   Laba konsolidasian                                                                         461.917                 Consolidated profit

   Aset segmen dilaporkan                       3.586.128)    1.920.704   (1.627.873)       3.878.959           Reported segment assets
   Aset entitas induk yang tidak                                                                             The Company’s unallocated
     dialokasikan                                                                           4.633.237                             assets
                                                                                                               Assets from discontinued
   Aset dari operasi yang dihentikan                                                           22.420)                       operations
   Jumlah aset konsolidasian                                                                8.534.616)         Total consolidated assets
   Liabilitas segmen dilaporkan                 1.451.646     1.281.260     (212.542)       2.520.364        Reported segment liabilities
   Liabilitas entitas induk yang                                                                             The Company’s unallocated
      tidak dialokasikan                                                                       28.803                         liabilities
   Liabilitas dari operasi yang                                                                             Liabilities from discontinued
      dihentikan                                                                                3.037)                      operations
   Jumlah liabilitas konsolidasian                                                          2.552.204)      Total consolidated liabilities
   Pendapatan dari:                                                                                                      Revenues from:
     - pelanggan eksternal                     15.231.085       921.091            -       16.152.176             external customers -
     - segmen operasi lain                              -         6.725       (6.725)               -)      other operating segments -
   Jumlah pendapatan                           15.231.085       927.816       (6.725)      16.152.176)                    Total revenues
   Beban penyusutan dan                                                                                   Depreciation and amortization
     amortisasi                                     67.801)       1.366             -          69.167                        expense
                                                                                                            The Company’s unallocated
   Beban yang tidak dialokasikan                                                               13.358                          expense
   Jumlah beban penyusutan dan                                                                                  Total depreciation and
     amortisasi                                                                                82.525)            amortization expense




                                                                                                                                        71
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

26. SEGMEN OPERASI (Lanjutan)                                                          26. OPERATING SEGMENTS (Continued)
                                          Distribusi, ritel
                                         dan aftermarket/
    Untuk tahun berakhir                Distribution, retail Asuransi/   Eliminasi/     Konsolidasian/               For the year ended
     31 Desember 2024:                   and aftermarket Insurance*      Elimination    Consolidated               31 December 2024: )
    Pendapatan neto                           15.477.599)    913.412)        (5.741)       16.385.270)                      Net revenues
    Biaya pokok pendapatan                   (14.268.867)   (777.863)             -)      (15.046.730)                   Cost of revenues
    Laba bruto                                 1.208.732)    135.549)        (5.741)        1.338.540)                       Gross profit

    Beban usaha                                 (674.149)    (135.490)        2.916)         (806.723)              Operating expenses
    Pendapatan lainnya                           175.814)      36.659)         (195)          212.278)                    Other income
    Beban lainnya                                (14.338)        (303)            -)          (14.641)                  Other expenses
    Pendapatan keuangan                           77.087)      42.510)            -)          119.597)                 Finance income
    Biaya keuangan                                (3.972)     (50.740)        2.727)          (51.985)                    Finance costs
    Laba sebelum pajak                           769.174)      28.185          (293)          797.066                  Profit before tax
    Beban pajak penghasilan                     (139.487)      (1.532)            -)         (141.019)              Income tax expense
    Laba segmen dilaporkan                       629.687)      26.653)         (293)          656.047)        Reportable segment profit

                                                                                                             Share of profit of associates
    Bagian atas laba entitas asosiasi                                                          (74.971)                            entity
    Beban neto Perseroan yang tidak
      dialokasikan, setelah pajak                                                                         The Company’s net unallocated
      penghasilan:                                                                                           expense, net of income tax:
      Biaya keuangan                                                                               (13)                    Finance cost
      Selain biaya keuangan, neto                                                              (11.007)     Other than finance cost, net
    Laba neto dari operasi yang
      dilanjutkan, setelah pajak                                                                              Net profit from continuing
      penghasilan                                                                             570.056)    operations, net of income tax
    Laba neto dari operasi yang
      dihentikan, setelah pajak                                                                             Net profit from discontinued
      penghasilan                                                                                2.233    operations, net of income tax
    Laba konsolidasian                                                                        572.289                  Consolidated profit
    Aset segmen dilaporkan                     3.541.555    1.949.919    (1.716.818)        3.774.656           Reported segment assets
    Aset entitas induk yang tidak                                                                            The Company’s unallocated
      dialokasikan                                                                          4.893.866                           assets
    Aset dari operasi yang                                                                                     Assets from discontinued
      dihentikan                                                                                22.420                     operations
    Jumlah aset konsolidasian                                                                8.690.942         Total consolidated assets
    Liabilitas segmen dilaporkan               1.541.889    1.370.508      (283.385)         2.629.012       Reported segment liabilities
    Liabilitas entitas induk yang                                                                            The Company’s unallocated
       tidak dialokasikan                                                                      28.016                         liabilities
    Liabilitas dari operasi yang                                                                            Liabilities from discontinued
        dihentikan                                                                               3.607                       operations
    Jumlah liabilitas konsolidasian                                                          2.660.635      Total consolidated liabilities
    Pendapatan dari:                                                                                                     Revenues from:
      - pelanggan eksternal                  15.477.599      907.671              -        16.385.270             external customers -
      - segmen operasi lain                           -        5.741         (5.741)                -       other operating segments -
    Jumlah pendapatan                        15.477.599      913.412         (5.741)       16.385.270                      Total revenues
    Beban penyusutan dan                                                                                   Depreciation and amortization
      amortisasi                                 66.787         1.540             -             68.327                        expense
                                                                                                             The Company’s unallocated
    Beban yang tidak dialokasikan                                                               12.262                        expense
    Jumlah beban penyusutan dan                                                                                  Total depreciation and
      amortisasi                                                                                80.589           amortization expense




   *Disajikan kembali (lihat Catatan 34)                                                                     *As restated (see Note 34)


                                                                                                                                        72
Page 303
                  PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

27. LABA PER SAHAM                                                                                    27. EARNINGS PER SHARE

                                                           2025                2024*
    Laba yang dapat diatribusikan kepada pemilik                                                             Profit attributable to the owners
       entitas induk                                         461.895)            572.267                                    of the Company
    Jumlah saham beredar/ditempatkan rata-rata                                                                     Weighted average of total
       tertimbang                                      4.378.796.067)      4.373.225.274)                        outstanding/issued shares

    Laba per saham dasar (dalam Rupiah penuh)                     105)                 131)      Basic earnings per share (in whole Rupiah)
    Laba yang dapat diatribusikan kepada pemilik                                                             Profit attributable to the owners
        entitas induk                                        461.895)            572.267                                    of the Company
    Laba dari operasi yang dihentikan                                                                    Profit from discontinued operations
        yang dapat diatribusikan kepada pemilik                                                                           attributable to the
        entitas induk (Catatan 31)                             (2.296)             (2.233)               owners of the Company (Note 31)
    Laba dari operasi yang dilanjutkan yang dapat                                                          Profit from continuing operations
        diatribusikan kepada pemilik entitas induk           459.599              570.034       attributable to the owners of the Company
    Jumlah saham beredar/ditempatkan rata-                                                                          Weighted average of total
        rata tertimbang                               4.378.796.067)        4.373.225.274)                        outstanding/issued shares
    Laba per saham dari operasi yang                                                                Basic earnings per share from continuing
        dilanjutkan (dalam Rupiah penuh)                          105                 130                     operations (in whole Rupiah)
    Laba dari operasi yang dihentikan yang dapat                                                         Profit from discontinued operations
        diatribusikan kepada pemilik entitas induk              2.296               2.233       attributable to the owners of the Company
    Jumlah saham beredar/ditempatkan rata-                                                                          Weighted average of total
       rata tertimbang                                4.378.796.067)        4.373.225.274)                        outstanding/issued shares
    Laba per saham dari operasi yang                                                             Basic earnings per share from discontinued
       dihentikan (dalam Rupiah penuh)                              1                   1                     operations (in whole Rupiah)
    Struktur modal Grup hanya terdiri dari saham biasa, tidak terdapat    The Group's capital structure consists of only common stocks, there
    pengaturan yang dapat mendilusi laba per saham.                       is no arrangement that can dilute the earnings per shares.

28. KOMPONEN EKUITAS LAINNYA                                                                  28. OTHER EQUITY COMPONENTS
                                                          2025                 2024*
    Lindung nilai atas arus kas                              (20.368)              (17.968)                                 Cash flow hedges
    Akuisisi kepentingan nonpengendali tanpa                                                          Acquisition of non-controlling interests
      perubahan kepentingan                                      9.323)              9.323)                     without a change in control
    Akuisisi bagian kepemilikan nonpengendali                                                         Acquisition of non-controlling interests
      pada entitas anak                                     (460.614)            (460.444)                               share in subsidiary
    Opsi jual atas bagian kepemilikan nonpengendali                                                   Put option on non-controlling interests
      pada entitas anak (Catatan 19)                               -)                 (125)                   share in subsidiary (Note 19)
    Kompensasi berbasis saham (Catatan 18)                    14.882)               12.479)            Shared-based compensation (Note 18)
    Diukur pada nilai wajar melalui penghasilan                                                         Measured at fair value through other
      komprehensif lain                                       11.566)               (3.452)                          comprehensive income
                                                                                                  Difference in value arising from disposal of
    Selisih transaksi dengan entitas sepengendalian                                              discontinued operations to an entity under
      atas pelepasan operasi yang dihentikan                  12.966)              12.966)                                   common control
    PSAK 117                                                  (1.261)              (1.261)                                          PSAK 117
                                                            (433.506)            (448.482)

    Lindung Nilai atas Arus Kas                                           Cash Flows Hedges
    PT JACCS Mitra Pinasthika Mustika Finance Indonesia                   PT JACCS Mitra Pinasthika Mustika Finance Indonesia
    (“JMFI”) melakukan kontrak cross currency interest rate               (“JMFI”) entered into cross-currency interest rate swap,
    swap, foreign currency option dan interest rate swap dengan           foreign currency option and interest rate swap contracts to
    tujuan lindung nilai atas risiko fluktuasi arus kas yang              hedge the risk of fluctuations in cash flows arising from
    ditimbulkan oleh kurs mata uang dan tingkat suku bunga atas           exchange rates and interest rates on borrowings
    pinjaman yang diterima dalam denominasi mata uang asing.              denominated in foreign currency.
    Perubahan atas nilai wajar dari kontrak cross-currency interest       Changes in the fair values of the cross-currency interest
    rate swap, foreign currency option dan interest rate swap yang        rate swap, foreign currency option and interest rate swap
    ditetapkan sebagai instrumen lindung nilai. yang secara efektif       contracts designated as hedging instruments that effectively
    menghapus variabilitas arus kas dari pinjaman terkait dicatat         offset the variability of cash flows associated with the
    di penghasilan komprehensif lain.                                     borrowings are recorded in other comprehensive income.


*Disajikan kembali (lihat Catatan 34)                                                                            *As restated (see Note 34)



                                                                                                                                            73
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                            FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

28. KOMPONEN EKUITAS LAINNYA (Lanjutan)                                28. OTHER EQUITY COMPONENTS (Continued)
   Lindung Nilai atas Arus Kas (Lanjutan)                              Cash Flows Hedges (Continued)

   Pada 31 Desember 2025 dan 2024, (kerugian) keuntungan               In 31 December 2025 and 2024, net (loss) profit JMFI after
   bersih JMFI setelah pajak adalah masing-masing sebesar              tax were (Rp 5,998) and Rp 15,530, respectively, which
   (Rp 5.998) dan Rp 15.530, yang merupakan bagian efektif dari        represents the effective portion of cash flow hedges were
   lindung nilai arus kas diakui pada penghasilan komprehensif         recognized in other comprehensive income.
   lain.
   Kepemilikan Grup pada JMFI sebesar 40%, sehingga bagian             Group's ownership in JMFI is 40%, therefore Group’s
   (kerugian) keuntungan bersih yang timbul dari entitas asosiasi      share of net (loss) profit arising from associates on hedging
   atas instrumen lindung nilai adalah masing-masing sebesar           instruments amounted to (Rp 2,400) and Rp 6,212 for the
   (Rp 2.400) dan Rp 6.212 untuk tahun berakhir 31 Desember            years ended 31 December 2025 and 2024, respectively.
   2025 dan 2024.
  Akuisisi Bagian Kepemilikan Nonpengendali pada Entitas               Acquisition    of    Non-controlling   Interests   Share   in
  Anak                                                                 Subsidiary
   Berdasarkan Surat Keputusan Edaran Pemegang Saham                   Based on The Circular of Shareholder as a substitute of the
   sebagai pengganti atas Rapat Umum Pemegang Saham                    General Shareholders Meeting of PT Asuransi Mitra
   PT Asuransi Mitra Pelindung Mustika (“AMPM”) pada                   Pelindung Mustika (“AMPM”) on 10 June 2020, the
   tanggal 10 Juni 2020, Pemegang Saham menyetujui untuk               Shareholders approved to sell part of their shares to the
   menjual sebagian dari sahamnya kepada Perseroan dengan              Company with total 34,238 shares. After this transactions,
   jumlah 34.238 lembar saham. Setelah transaksi ini, jumlah           total Company’s shares in AMPM become 96,800 shares
   saham Perseroan di AMPM menjadi 96.800 lembar saham                 which represents 88% from the issued and paid capital to
   yang mewakili 88% dari modal ditempatkan dan disetor pada           AMPM.
   AMPM.
   Mempertimbangkan peluang atas tren pertumbuhan                      Considering the opportunity of general insurance premium
   pendapatan premi asuransi umum cenderung meningkat di               revenue growth trends tend to increase in the coming years,
   tahun mendatang, Perseroan memutuskan untuk membeli                 the Company decided to purchase the shares ownership of
   kepemilikan saham AMPM dari pemegang saham lainnya                  AMPM from the other shareholders with the total
   dengan nilai transaksi sebesar Rp 413.406.                          transaction value of Rp 413,406.

29. INFORMASI MENGENAI PIHAK BERELASI                                                29. RELATED PARTY INFORMATION
   Pihak-pihak berelasi dan sifat hubungannya adalah               The related parties and the nature of relationships are as
   sebagai berikut:                                                follows:
   Sifat hubungan                              Pihak berelasi/Related parties                           Nature of relationship
   Pemegang saham                              PT Saratoga Investama Sedaya Tbk                                   Shareholder
   Personil manajemen inti                     Komisaris dan direksi/ Commissioners                Key management personnel
                                               and directors
   Kompensasi personil manajemen kunci                            Key management compensation
   Yang termasuk personil manajemen inti adalah                   Key management personnel includes commissioners and
   komisaris dan direksi dari Perseroan dan entitas anak          directors of the Company and subsidiaries in the form of
   berupa gaji dan tunjangan. Kompensasi yang dibayarkan          salaries and other benefits. Compensation paid or payable to
   atau terutang kepada personil manajemen inti adalah            key management personnel are as follows:
   sebagai berikut:
                                              Jumlah/                 Persentase dari total beban/
                                              Amount                  Percentage of total expenses
                                       2025             2024            2025               2024*
   Kompensasi manajemen kunci              54.010         52.156           5,75%               5,74%   Key management compensation




   *Disajikan kembali (lihat Catatan 34)                                                                 *As restated (see Note 34)


                                                                                                                                  74
Page 305
                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

30. OPERASI YANG DIHENTIKAN                                                               30. DISCONTINUED OPERATIONS

   Pada tahun 2020, manajemen memutuskan untuk                                In 2020, management has decided to discontinue the
   menghentikan kegiatan komersial PT Putra Mustika Prima                     commercial activities of PT Putra Mustika Prima
   “PMP”, efektif pada tanggal 31 Desember 2020.                              “PMP”, effective on 31 December 2020.

   Berdasarkan Surat Keputusan Edaran Pemegang Saham                          Based on The Circular of Shareholder as a substitute of
   sebagai pengganti atas Rapat Umum Pemegang Saham PMP                       the General Shareholders Meeting of PMP in the deed
   dengan akta notaris Darmawan Tjoa. SH., SE., No. 103                       of notary public Darmawan Tjoa. SH., SE., No. 103
   tanggal 27 Februari 2024, para pemegang saham                              dated 27 February 2024, the shareholders gave
   memberikan persetujuan untuk pembubaran dan likuidasi                      approval for dissolution and liquidation of PMP.
   PMP.

   Pada tahun 2022, manajemen memutuskan untuk                               In 2022, management has decided to discontinue the
   menghentikan kegiatan komersial PT Armada Maha Karya                      commercial activities of PT Armada Maha Karya
   “AMK”, efektif pada tanggal 31 Agustus 2022.                              “AMK”, effective on 31 August 2022.

   Berdasarkan Surat Keputusan Edaran Pemegang Saham                         Based on The Circular of Shareholder as a substitute of
   sebagai pengganti atas Rapat Umum Pemegang Saham                          the General Shareholders Meeting of AMK in the deed of
   AMK dengan akta notaris Darmawan Tjoa. SH., SE., No. 24                   notary public Darmawan Tjoa. SH., SE., No. 24 dated 13
   tanggal 13 Februari 2024, para pemegang saham                             February 2024, the shareholders gave approval for
   memberikan persetujuan untuk pembubaran dan likuidasi                     dissolution and liquidation of AMK.
   AMK.
   Pada tahun 2025, berdasarkan surat Kementrian Hukum                        In 2025, according to Letter of the Ministry of Law of the
   Republik Indonesia Direktorat Jendral Administrasi Hukum                   Republic of Indonesia, Number AHU-AH.01.11.00202,
   Umum        nomor    AHU-AH.01.11.00202         tertanggal                 dated 12 November 2025, the liquidation of PT Armada
   12 November 2025, likuidasi dari PT Armada Maha Karya                      Maha Karya “AMK” has been conducted and done at 15
   “AMK” telah dilaksanakan dan selesai pada tanggal                          October 2025. As a result, there is no further business of
   15 Oktober 2025. Untuk itu tidak ada kegiatan bisnis AMK                   AMK.
   lebih lanjut.

   a. Hasil usaha operasi yang dihentikan                                 a. Results of discontinued operations
                                                          20251)                 20241)

         Beban usaha                                            (559)                 (546)                 Operating expenses
         Pendapatan lainnya                                    1.845)                1.789)                       Other income
         Pendapatan keuangan                                   1.010)                  990)                    Finance income
         Hasil aktivitas usaha                                 2.296)               2.233 )    Results from operating activities
         Beban pajak penghasilan                                   -)                    -))                Income tax expense
                                                                                               Results from operating activities,
      Hasil aktivitas usaha, setelah pajak                     2.296)          2.233 )                              net of tax
   b. Arus kas dari operasi yang dihentikan:                          b. Cash flows from discontinued operations:
                                                          20251)                 20241)

         Kas neto:                                                                                                          Net cash:
           Dari (digunakan untuk) aktivitas                                                                From (used in) operating
              operasi                                              970)                (36)                             activities
           Arus kas neto periode berjalan                          970)                (36)            Net cash flows for the period

  1)                                                                                                          1)
       PMP, MPM AUTO dan AMK                                                                                       PMP, MPM AUTO and AMK




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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                                                          31. FINANCIAL INSTRUMENTS AND
     MANAJEMEN RISIKO KEUANGAN                                                                         FINANCIAL RISK MANAGEMENT

  Instrumen keuangan                                                                Financial instruments
  a. Instrumen keuangan diukur pada nilai wajar                                     a. Financial instruments measured at fair value

    Tabel berikut menunjukkan nilai tercatat dan nilai wajar                            The following table shows the carrying amounts and fair
    dari aset dan liabilitas keuangan, termasuk level dan                               values of the financial assets and liabilities, including
    hierarki nilai wajar.                                                               their levels in the fair value hierarchy.

                                                      Nilai tercatat/ Carrying amount                                 Nilai wajar/ Fair value
                                               Nilai wajar melalui
                                                   penghasilan
                                               komprehensif lain –
                                                investasi ekuitas/         Nilai wajar melalui
                                             Fair value through other           laba rugi/
                                             comprehensive income –        Fair value through
        31 Desember/December 2025               equity investment             profit or loss             Level 1            Level 2             Level 3
    Aset keuangan/Financial assets
    Investasi – efek ekuitas/ Investment –
        equity securities                                      2.087                  423.777                59.316                   -              366.548
    Investasi dana/Investment in fund                              -                   26.182                     -              26.182                    -
    Reksadana/Mutual fund                                     62.446                        -                     -              62.446                    -
    Efek utang/ Debt securities                              628.348                        -               356.676             271.672                    -
        31 Desember/December 2024
    Aset keuangan/Financial assets
    Investasi – efek ekuitas/ Investment –
        equity securities                                      2.158                  429.056                64.595                   -              366.619
    Investasi dana/Investment in fund                              -                  209.075                     -             209.075                    -
    Reksadana/Mutual fund                                    133.000                        -                     -             133.000                    -
    Efek utang/ Debt securities                              430.222                        -                     -             430.222                    -
    Tabel di bawah ini menunjukkan teknik penilaian yang                                The following tables show the valuation techniques used
    digunakan dalam mengukur nilai wajar level 2 dan level 3,                           in measuring level 2 and level 3 fair values, as well as the
    dan input signifikan yang digunakan yang tidak dapat                                significant unobservable inputs used.
    diamati.
                                                                                                                            Keterkaitan antara input tidak
                                                                                                                             terobservasi yang signifikan
                                                                                                                                dengan pengukuran nilai
                                                                                                       Input tidak              wajar/Inter-relationship
                                                                                                   terobservasi yang               between significant
                                                                                                 signifikan/Significant     unobservable inputs and fair
           Jenis/Type                       Teknik penilaian/Valuation technique                  unobservable inputs              value measurement
   Reksadana/ Mutual funds           Nilai wajarnya diukur berdasarkan nilai aset neto            Premium ditetapkan         Premium merupakan bagian
   Investasi dana/                     dikalikan jumlah unit yang dimiliki. Nilai aset              berdasarkan hasil          tak terpisahkan dari bunga
   Investment in fund                   neto diperoleh dengan membagi nilai tercatat             analisa risiko bawaan            pinjaman yang tingkat
                                     seluruh investasi dalam portofolio dengan jumlah            dari perusahaan yang            pengembaliannya akan
                                      unit di portofolio tersebut. Nilai tercatat seluruh         diberikan pinjaman/            berdampak langsung ke
                                     investasi dalam portofolio termasuk dana setoran                The premium is         pengembangan nilai portfolio,
                                    awal dan imbal hasil setelahnya. Manajer investasi           determined based on           yang mana dijadikan dasar
                                        mengembangkan portofolio tersebut dengan,                  the analysis of the        perhitungan nilai aset neto/
                                       antara lain, menyalurkan dana tersebut sebagai            inherent risk of those       The premium is an integral
                                        pinjaman ke perusahaan tertutup dengan suku               companies that are        part of interest of borrowings
                                           bunga penghasilan tetap minimal 4,5%/                 provided borrowings.         that its returns immediately
                                     The fair value is measured based on its net-asset-                                          affect the growth of the
                                       value multiplied by the number of units owned.                                         portfolio, in which becomes
                                         Net-asset-value is obtained by dividing the                                         the basis to compute the net-
                                        carrying amounts of all investments within a                                                   asset-value.
                                     portfolio with the corresponding number of units.
                                    The carrying amounts of all investments within the
                                      portfolio include the initial fund placements and
                                      its subsequent returns. The investment manager
                                    develops the portfolio by, among others, funneling
                                      the funds as loans to private companies bearing
                                            interest with a minimum 4.5% return.




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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


31. INSTRUMEN KEUANGAN DAN                                                                31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                            FINANCIAL RISK MANAGEMENT (Continued)
  Instrumen keuangan (Lanjutan)                                                  Financial instruments (Continued)
  a. Instrumen keuangan yang diukur pada nilai wajar                             a. Financial instruments measured                   at    fair    values
      (Lanjutan)                                                                    (Continued)
                                                                                                                          Keterkaitan antara input tidak
                                                                                                                           terobservasi yang signifikan
                                                                                                                             dengan pengukuran nilai
                                                                                                   Input tidak                wajar/Inter-relationship
                                                                                               terobservasi yang                between significant
                                                                                             signifikan/Significant        unobservable inputs and fair
           Jenis/Type                       Teknik penilaian/Valuation technique              unobservable inputs               value measurement
   Investasi di efek                     Nilai wajarnya diukur berdasarkan teknik               Nilai pasar yang             Estimasi nilai wajar akan
   sekuritas/ Investment in          perbandingan pasar. Model penilaian didasarkan               disesuaikan/              meningkat (turun) jika nilai
   equity securities                    pada kelipatan pasar yang berasal dari harga         Adjusted market value         pasar yang disesuaikan lebih
                                         kuotasi instrument yang sebanding dengan                                              tinggi (lebih rendah)/
                                      investasi yang disesuaikan dengan efek ekuitas,                                     The estimated fair value would
                                        pendapatan dan earning before income tax,                                            increase (decrease) if the
                                   interest, depreciation and amortization (EBITDA)                                         adjusted market value were
                                       dari investasi pada akhir hari penutupan bursa/                                            higher (lower).
                                        The fair value is measured based on market
                                       comparison technique. The valuation model is
                                      based on market multiples derived from quoted
                                      prices of companies comparable to the investee
                                   that adjusted for the effect of the equity securities,
                                        the revenue and earning before income tax,
                                   interest, depreciation and amortization (EBITDA)
                                    of the investee at the end of the closing day of the
                                                          exchange.
   Investasi di efek utang/        Nilai wajarnya diukur dengan menggunakan harga               Nilai pasar yang              Investasi di efek utang/
   Investment in debt              kuotasi yang dikeluarkan oleh Lembaga Penilaian           disesuaikan/ Adjusted         Investment in debt securities
   securities                      Harga Efek (“LPHE”) yaitu IBPA. Penilaian yang                market value
                                      dilakukan oleh IBPA menggunakan data pasar,
                                          termasuk namun tidak terbatas pada data
                                   perdagangan, kuotasi harga, volume perdagangan,
                                     frekuensi perdagangan dan yield curves/ The fair
                                   value is measured using the quoted price issued by
                                    the Securities Pricing Agency (“LPHE”) which is
                                      IBPA. The valuation by IBPA uses market data,
                                     including but not limited to trading data, quoted
                                       price, trading volume, frequency of trade and
                                                         yield curves.

   b. Instrumen keuangan yang tidak disajikan pada nilai wajar                   b. Financial instruments not stated at their fair value

      Tabel di bawah ini menggambarkan nilai tercatat dan                           The table below summarises the carrying amounts and
      nilai wajar dari instrumen keuangan yang tidak disajikan                      fair values of those financial instruments not stated at
      pada nilai wajarnya:                                                          their fair values:
                                           31 Desember/December 2025                 31 Desember/December 2024*
                                       Nilai tercatat/      Nilai wajar/           Nilai tercatat /   Nilai wajar/
                                       Carrying value       Fair value             Carrying value      Fair value

     Aset keuangan                                                                                                                       Financial assets
     Kas dan setara kas                       1.642.768              1.642.768              1.867.230         1.867.230         Cash and cash equivalents
     Piutang usaha                              180.510                180.510                170.466           170.466                Trade receivables
     Piutang nonusaha                            74.432                 74.432                 53.159            53.159            Non-trade receivables
     Deposit jaminan                          1.079.318                924.473              1.032.863           925.121               Guarantee deposits
     Liabilitas keuangan                                                                                                              Financial liabilities
     Utang bank jangka pendek                   205.143               205.143                 10.191             10.191             Short-term bank loans
     Utang usaha                                680.055               680.055                898.178            898.178                    Trade payables
     Utang lainnya**                             73.767                73.767                 87.038             87.038                 Other payables**
     Beban akrual***                             83.787                83.787                 95.472             95.472              Accrued expenses***
     Liabilitas sewa                             15.746                15.746                  3.314              3.314                   Lease liabilities


   *Disajikan kembali (lihat Catatan 34)                                                                                        *As restated (see Note 34)
   **Saldo utang lainnya tidak termasuk uang muka dari pelanggan.                     **Other payables balances are not including advance from customers.
   ***Saldo beban akrual tidak termasuk kompensasi karyawan.                       ***Accrued expenses balances are not including employee compensation.


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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                           FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                                    31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                FINANCIAL RISK MANAGEMENT (Continued)
   Instrumen keuangan (Lanjutan)                                     Financial instruments (Continued)
    b. Instrumen keuangan yang tidak disajikan pada nilai             b. Financial instruments not stated at their fair value
       wajar (Lanjutan)                                                  (Continued)
       Estimasi nilai wajar dari piutang usaha dan deposit               The estimated fair value of trade receivables and
       jaminan mencerminkan jumlah diskonto dari estimasi                guarantee deposits represent the discounted amount of
       kini dari arus kas masa depan yang diharapkan akan                estimated future cash flows expected to be received.
       diterima. Arus kas masa depan yang diharapkan                     Estimated cash flows are discounted at current market
       didiskontokan pada tingkat suku bunga pasar terkini               rates to determine fair value (level 3 – fair value
       untuk menentukan nilai wajar (level 3 – hirarki nilai             hierarchy).
       wajar).
     Nilai tercatat aset keuangan dan liabilitas keuangan               The carrying amount of remaining financial assets and
     lainnya mendekati nilai wajarnya karena instrumen                  financial liabilities are reasonable approximation of fair
     keuangan bersifat jangka pendek atau yang ditinjau                 value because they are short term in nature or re-price to
     ulang menggunakan harga pasar secara berkala.                      current market rates frequently.
     Perhitungan nilai wajar dilakukan hanya untuk                      The fair values calculated are for disclosure purposes
     kepentingan pengungkapan dan tidak berdampak pada                  only and do not have any impact on the Group’s reported
     pelaporan posisi atau kinerja keuangan Grup. Nilai wajar           financial performance or position. The fair values
     yang dihitung oleh Perseroan mungkin berbeda dengan                calculated by the Company may be different from the
     jumlah aktual yang akan diterima/dibayar pada saat                 actual amount that will be received/paid on the settlement
     penyelesaian atau jatuh tempo instrumen keuangan.                  or maturity of the financial instrument. As certain
     Mengingat kategori tertentu instrumen keuangan yang                categories of financial instruments are not traded, there
     tidak diperdagangkan, maka terdapat pertimbangan                   is management judgment involved in calculating the fair
     manajemen dalam perhitungan nilai wajar.                           values.
   Manajemen risiko keuangan                                          Financial risk management
   Risiko utama yang timbul dari instrumen keuangan Grup             The main risks arising from the Group’s financial
   adalah risiko kredit, risiko likuiditas dan risiko pasar.         instruments of the Group are credit risk, liquidity risk and
                                                                     market risk.
   a. Risiko kredit                                                  a. Credit risk
      Risiko kredit adalah risiko kerugian keuangan bagi Grup           Credit risk is risk of financial loss to the Group if a
      jika pelanggan atau pihak lawan instrumen keuangan                customer or counterparty to a financial instrument fail to
      gagal memenuhi kewajiban kontraktualnya dan timbul                meet its contractual obligations and arises principally
      terutama dari piutang Grup dari pelanggan.                        from the Group's receivables from customers.
      Jumlah tercatat atas aset keuangan mencerminkan                   The carrying amounts of financial assets represent the
      eksposur kredit maksimum.                                         maximum credit exposure.
      Untuk pelanggan yang merupakan sub-dealer dan                     For customers that are sub-dealers and retailers, the
      pengecer, Grup menganjurkan mereka untuk mengikuti                Group encourages them to join the dealer financing
      program “dealer financing”, yang akan mempercepat                 program, in which this program will expedite the
      pelunasan piutang mereka. Bila mereka memutuskan                  settlements of their receivables. If they decide to not join
      untuk tidak mengikuti program ini, Grup mengharuskan              the program, the Group requires them to place collateral
      mereka untuk menempatkan jaminan berupa simpanan di               in the form of term deposits and/or other types of
      bank dan/atau jaminan lainnya.                                    collateral.




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                                            31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                        FINANCIAL RISK MANAGEMENT (Continued)
  Manajemen risiko keuangan (Lanjutan)                                       Financial risk management (Continued)
   a. Risiko kredit (Lanjutan)                                               a. Credit risk (Continued)
     Konsentrasi risiko kredit dari aset keuangan Grup per                       The concentration of credit risk of the Group’s financial
     31 Desember 2025 dan 2024 berdasarkan segmen operasi                        assets based on operating segment as of 31 December
     adalah seperti yang ditunjukkan di bawah ini:                               2025 and 2024 was as shown below:
                                                         Nilai tercatat/ Carrying amount
                               Distribusi. ritel dan
                                   aftermarket/                                Yang tidak dapat
                              Distribution. retail and    Asuransi/               dialokasi/
                                    aftermarket           Insurance              Unallocated         Jumlah/ Total
     31 Desember 2025                                                                                                       31 December 2025
     Kas di bank dan setara                                                                                             Cash in banks and cash
        kas                                   760.402             94.091                   783.407        1.637.900             equivalents
     Piutang usaha                            180.510                  -                         -          180.510          Trade receivables
     Piutang nonusaha                          52.593             21.060                       779           74.432      Non-trade receivables
     Investasi di surat
        berharga                                    -            690.794                    26.182          716.976     Investment in securities
     Deposit jaminan                        1.079.258                  -                        60        1.079.318         Guarantee deposits
                                            2.072.763            805.945                   810.428        3.689.136

                                                         Nilai tercatat/ Carrying amount
                               Distribusi. ritel dan
                                   aftermarket/                                Yang tidak dapat
                              Distribution. retail and    Asuransi/               dialokasi/
                                    aftermarket           Insurance              Unallocated         Jumlah/ Total
     31 Desember 2024,                                                                                                     31 December 2024,
        disajikan kembali                                                                                                       as restated
     Kas di bank dan setara                                                                                             Cash in banks and cash
        kas                                   940.991            252.840                   668.697        1.862.528             equivalents
     Piutang usaha                            170.466                  -                         -          170.466          Trade receivables
     Piutang nonusaha                          38.789             12.997                     1.373           53.159      Non-trade receivables
     Investasi di surat
        berharga                                    -            563.222                   209.075          772.297     Investment in securities
     Deposit jaminan                        1.031.424                  -                     1.439        1.032.863         Guarantee deposits
                                            2.181.670            829.059                   880.584        3.891.313

     Piutang usaha dan nonusaha                                                  Trade and non-trade receivables
     Eksposur kredit Grup dipengaruhi terutama oleh                              The Group’s exposure to credit risk is influenced mainly
     karakteristik individu dari setiap pelanggan dan risiko                     by the individual characteristics of each customer and
     kerugian keuangan jika pelanggan/pihak lawan gagal                          risk of loss if customers/counterparties fail to discharge
     memenuhi       kewajiban     kontraktualnya.   Namun,                       their contractual obligations. However, management also
     manajemen juga mempertimbangkan faktor-faktor yang                          considers the factors that may influence the credit risk of
     dapat mempengaruhi risiko kredit basis pelanggannya,                        its customer base, including the default risk associated
     termasuk risiko gagal bayar terkait dengan industri dan                     with the industry and area in which customers operate.
     area di mana pelanggan tersebut beroperasi.
     Grup meminimalkan risiko kredit atas piutang usaha dan                      The Group minimized its exposure to credit risk of trade
     nonusaha dengan menerapkan kebijakan pemberian                              and non-trade receivables by applying prudent credit
     kredit berdasarkan prinsip kehati-hatian, melakukan                         acceptance policies, performs ongoing credit portfolio
     pengawasan      atas   portofolio     kredit    secara                      monitoring, manages receivable collection, monitoring
     berkesinambungan, melakukan pengelolaan penagihan                           reputation, credit ratings and limiting aggregate risk to
     angsuran piutang, memantau reputasi, peringkat kredit                       any individual counterparty.
     dan membatasi risiko agregat terhadap setiap
     pelanggan/pihak lawan.




                                                                                                                                             79
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                           FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                                             31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                         FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                                  Financial risk management (Continued)
   a. Risiko kredit (Lanjutan)                                           a. Credit risk (Continued)
      Piutang usaha dan nonusaha (Lanjutan)                                  Trade and non-trade receivables (Continued)
      i. Eksposur maksimum terhadap risiko kredit                            i. Maximum exposure to credit risk
          Untuk aset keuangan yang diakui di laporan posisi                       For financial assets recognized in the statement of
          keuangan, eksposur maksimum terhadap risiko                             financial position, the maximum exposures to
          kredit sama dengan nilai tercatat.                                      credit risk equals to their carrying amount.
      ii. Analisa konsentrasi risiko kredit                                  ii. Concentration of credit risk analysis
          Konsentrasi risiko kredit timbul ketika sejumlah                        Concentrations of credit risk arise when a number
          pelanggan/pihak lawan bergerak dalam aktivitas                          of customers/counterparty are engaged in similar
          usaha yang sama atau ketika mereka memiliki                             business activities or when they have similar
          karakteristik yang sejenis yang akan menyebabkan                        characteristics that would cause their ability to
          kemampuan        untuk     memenuhi     kewajiban                       meet contractual obligations to be similarly
          kontraktualnya sama-sama dipengaruhi oleh                               affected by changes in economic or other
          perubahan kondisi ekonomi atau yang lainnya.                            conditions.
      Sebuah analisa kualitas kredit atas piutang usaha dan                  An analysis the credit quality of trade receivables and
      piutang nonusaha disajikan di bawah ini:                               non-trade receivables are summarized below:
                                                                 Lewat jatuh tempo/ Past Due
                                  Belum jatuh
                                tempo/ Not past   < 3 bulan/     3 – 12 bulan/                       Jumlah /
                                      due          months           months         > 1 tahun/ year     Total
       31 Desember 2025                                                                                                    31 December 2025
       Piutang usaha                   122.207          57.748              555                  -     180.510              Trade receivables
       Piutang nonusaha                 74.432               -                -                  -      74.432           Non-trade receivables
                                       196.639          57.748              555                  -     254.942

      31 Desember 2024*                                                                                                   31 December 2024*
      Piutang usaha                   132.830          37.300               336                 -      170.466              Trade receivables
      Piutang nonusaha                 53.159               -                 -                 -       53.159           Non-trade receivables
                                      185.989          37.300               336                 -      223.625

      Dalam menerapkan model penurunan nilai terhadap                             In applying the impairment model to trade and non-
      piutang usaha dan nonusaha Grup menerapkan                                  trade receivables, the Group adopts the simplified
      pendekatan yang disederhanakan yang berlaku untuk                           approach that is available to trade and non-trade
      piutang usaha dan nonusaha karena tidak ada unsur                           receivables as there is no financing element to trade and
      pembiayaan terhadap piutang usaha dan nonusaha. Grup                        non-trade receivables. The Group calculates the
      menghitung kerugian kredit ekspektasian dari piutang                        expected credit losses (ECLs) of its trade and non-trade
      usaha dan nonusaha berdasarkan umur dari piutang                            receivables based on the aging of its trade and non-
      usaha dan nonusaha tersebut. Tingkat kerugian dihitung
                                                                                  trade receivables. Loss rates are calculated using a
      menggunakan metode “roll rate” dan “vintage method”
      berdasarkan probabilitas suatu kelompok piutang                             “roll rate” method and “vintage method” based on the
      melalui tahapan-tahapan terjadinya gagal bayar dan                          probability of a receivable progressing through
      penghapusan piutang. Tingkat kerugian didasarkan pada                       successive stages of delinquency to write-off. Loss rates
      pengalaman kerugian kredit aktual selama dua tahun                          are based on actual credit loss experience over the past
      terakhir.                                                                   two years.




   *Disajikan kembali (lihat Catatan 34)                                                                         *As restated (see Note 34)



                                                                                                                                           80
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                           FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                                     31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                 FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                               Financial risk management (Continued)
   a. Risiko kredit (Lanjutan)                                        a. Credit risk (Continued)
      Piutang usaha dan nonusaha (Lanjutan)                              Trade and non-trade receivables (Continued)
      Tingkat kerugian ini disesuaikan dengan faktor skalor              These rates are adjusted by scalar factors to reflect
      yang merefleksikan perbedaan antara kondisi ekonomi                differences between economic conditions during the
      selama periode di mana data historis didapatkan, kondisi           period over which the historical data has been collected,
      terkini dan pandangan Grup terhadap kondisi ekonomi                current conditions and the Group’s view of economic
      selama masa ekspektasian dari umur piutang.                        conditions over the expected lives of the receivables.
      Kas di bank dan setara kas dan deposit jaminan                     Cash in bank and cash equivalents and guarantee
                                                                         deposits
      Kas di bank dan setara kas dan deposit jaminan                     The Group’s cash in banks and cash equivalents and
      keagenan Grup ditempatkan di bank yang bereputasi                  dealership guarantee deposits are deposited at reputable
      baik dan tunduk terhadap regulasi yang ketat, oleh sebab           banks that are subject to tight regulations, therefore, the
      itu, eksposur kerugian adalah minimal.                             exposure to loss is minimized.
   b. Risiko likuiditas                                               b. Liquidity risk
      Risiko likuiditas adalah risiko bila Grup mengalami                Liquidity risk is the risk that the Group will encounter
      kesulitan untuk memenuhi kewajibannya sehubungan                   difficulty in meeting the obligations associated with its
      dengan liabilitas keuangan yang diselesaikan dengan                financial liabilities that are settled by delivering cash or
      pembayaran kas atau penyerahan aset keuangan lainnya.              another financial assets.
      Untuk      mengurangi       risiko   likuiditas,    Grup           To mitigate the liquidity risk, the Group diversifies
      mendiversifikasi sumber dana. Selain dari modal dan                funding resources. Besides capital and customer’s
      penerimaan angsuran pelanggan, Grup memperoleh                     installment collection, the Group generates funding
      sumber dana dari pinjaman dari pihak ketiga.                       resources from third party borrowings.
      Grup mengelola risiko ini dengan memadankan jatuh                  The Group manages this risk by matching the maturity of
      tempo aset dengan liabilitas. sehingga kas yang                    assets and liabilities. so that the cash generated from
      dihasilkan dari aset yang jatuh tempo cukup untuk                  matured assets is sufficient to cover liabilities maturing
      membayar liabilitas yang jatuh tempo pada periode yang             in the same period. In addition, liquidity risk is managed
      sama. Selain itu, risiko likuiditas dikelola secara                on an ongoing basis through supervising the actual cash
      berkesinambungan melalui pengawasan arus kas aktual.               flows, estimating future cash flows, controlling the
      estimasi arus kas masa depan, pengendalian profil jatuh            maturity profile of assets and liabilities, as well as
                                                                         maintaining sufficient cash balance and bank facilities.
      tempo aset dan liabilitas, serta pemeliharaan kecukupan
      saldo kas dan fasilitas perbankan.
       Berikut adalah jatuh tempo kontraktual dari liabilitas            The following are the contractual maturities of financial
       keuangan, termasuk estimasi pembayaran bunga:                     liabilities, including estimated interest payments:
                                 Nilai          Arus kas      Kurang dari                    Lebih dari
                               tercatat/      kontraktual/     1-3 bulan/      > 3 – 12       1 tahun/
                               Carrying       Contractual    Less than 1-3      bulan/       More than
                                amount         cash flows       months         months          1 year
       31 Desember 2025                                                                                              31 December 2025
       Liabilitas                                                                                                       Non-derivative
          non derivatif                                                                                                     liabilities
       Utang bank jangka
          pendek                 (205.143)       (205.143)       (205.143)            -)               -)       Short-term bank loans
       Utang usaha               (680.055)       (680.055)       (680.031)          (24)               -)              Trade payables
       Utang lainnya*             (73.767)        (73.767)        (71.681)       (2.086)               -)            Other payables*
       Beban akrual**             (83.787)        (83.787)        (83.576)         (211)               -)         Accrued expenses**
       Liabilitas sewa            (15.746)        (16.661)         (1.231)       (3.693)         (11.737)             Lease liabilities
                               (1.058.498)     (1.059.413)     (1.041.662)       (6.014)         (11.737)

     *Saldo utang lainnya tidak termasuk uang muka dari                      *Other payables balances are not including advance
     pelanggan.                                                                                                 from customers.
     **Saldo beban akrual tidak termasuk kompensasi                               **Accrued expenses balances are not including
     karyawan.                                                                                         employee compensation.



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                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                              CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                         UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                               NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                          FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                                    31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                              Financial risk management (Continued)
   b. Risiko likuiditas (Lanjutan)                                   b. Liquidity risk (Continued)
       Berikut adalah jatuh tempo kontraktual dari liabilitas           The following are the contractual maturities of financial
       keuangan, termasuk estimasi pembayaran bunga                     liabilities, including estimated interest payments
       (Lanjutan):                                                      (Continued):
                                 Nilai         Arus kas      Kurang dari                     Lebih dari
                               tercatat/     kontraktual/     1-3 bulan/      > 3 – 12        1 tahun/
                               Carrying      Contractual    Less than 1-3      bulan/        More than
                                amount        cash flows       months         months           1 year
       31 Desember 2024*                                                                                              31 December 2024*
       Liabilitas                                                                                                         Non-derivative
          non derivatif                                                                                                      liabilities
       Utang bank jangka
          pendek                 (10.191)        (10.191)        (10.191)            -)                   -)        Short-term bank loans
       Utang usaha              (898.178)       (898.178)       (898.154)          (24)                   -)               Trade payables
       Utang lainnya**           (87.038)        (87.038)        (85.338)       (1.700)                   -)            Other payables**
       Beban akrual***           (95.472)        (95.472)        (95.152)         (320)                   -)         Accrued expenses***
       Liabilitas sewa            (3.314)         (3.407)         (1.136)       (2.271)                   -)              Lease liabilities
                              (1.094.193)     (1.094.286)     (1.089.971)       (4.315)                   -)

   c. Risiko pasar                                                   c. Market risk
      Risiko pasar adalah risiko bahwa perubahan nilai tukar            Market risk is the risk that changes in foreign exchange
      mata uang dan tingkat suku bunga yang akan                        rates and interest rates will affect the Group’s income or
      mempengaruhi laba Grup atau nilai dari instrumen                  the value of its financial instruments. The objective of
      keuangannya. Tujuan dari manajemen risiko pasar                   market risk management is to maintain market risk
      adalah untuk menjaga eksposur risiko pasar supaya                 exposures within acceptable parameters, while optimizing
      berada di dalam parameter yang masih bisa diterima,               the return.
      dan juga mengoptimalisasi imbal hasil.

       i. Risiko tingkat bunga                                          i.   Interest rate risk
          Grup memiliki aset dan liabilitas keuangan                         The Group has both variable-rate and fixed-rate
          berbunga dengan tingkat suku bunga variabel dan                    interest-bearing financial assets and liabilities with
          tetap dengan berbagai periode jatuh tempo. Aset                    various time spans. The Group’s variable-rate
          dan liabilitas keuangan dengan tingkat suku bunga                  financial assets and liabilities are exposed to
          variabel yang dimiliki Grup terekspos fluktuasi arus               fluctuation in cash flows due to changes in interest
          kas yang diakibatkan oleh perubahan suku bunga,                    rate, while the fixed-rate financial assets and
          sementara aset dan liabilitas keuangan dengan                      liabilities are exposed to a risk of change in their fair
          tingkat suku bunga tetap terekspos risiko perubahan                value due to changes in interest rates. To mitigate
          nilai wajar yang diakibatkan oleh perubahan suku                   these risks, the Group employs a policy of
          bunga. Untuk mengatasi risiko-risiko ini, Grup                     approximately matching the interest rate profile and
          menjalankan kebijakan untuk menyesuaikan profil                    time span of its financial assets and liabilities; and
          suku bunga dan jangka waktu aset dan liabilitas                    hedging activities.
          keuangan; dan aktivitas lindung nilai.




   *Disajikan kembali (lihat Catatan 34)                                                                       *As restated (see Note 34)
   **Saldo utang lainnya tidak termasuk uang muka dari                **Other payables balances are not including advance from
      pelanggan                                                                                                    customers
   ***Saldo beban akrual tidak termasuk kompensasi                              ***Accrued expenses are not including employees
      karyawan                                                                                                  compensation




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                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                           FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                            31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                  FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                                Financial risk management (Continued)
   c. Risiko pasar (Lanjutan)                                           c. Market risk (Continued)
       ii. Risiko mata uang                                               ii. Currency risk
          Grup memiliki aset dan liabilitas dalam Dolar                         The Group has assets and liabilities denominated
          Amerika Serikat dengan rincian sebagai berikut                        in USD as follows (in full amounts, except for
          (dalam satuan penuh, kecuali jumlah setara                            Rupiah equivalent):
          Rupiah):
                                                       31 Desember/December 2025
                                                                       Setara Rupiah/
                                                        USD          Rupiah equivalent
          Aset:                                                                                                                Assets:
             Kas dan setara kas                          22.575.200             378.857)                Cash and cash equivalents
             Investasi di surat berharga                  1.560.124)             26.182)                  Investment in securities
          Eksposur neto                                  24.135.324)            405.039)                                 Net exposure

                                                      31 Desember/December 2024*
                                                                      Setara Rupiah/
                                                        USD          Rupiah equivalent
          Aset:                                                                                                                Assets:
             Kas dan setara kas                          13.185.002             213.096)                Cash and cash equivalents
             Investasi di surat berharga                 12.936.208)            209.075)                  Investment in securities
          Eksposur neto                                  26.121.210             422.171)                                 Net exposure

          Aset dan liabilitas dalam mata uang asing lainnya                      Assets and liabilities denominated in other
          disajikan dalam jumlah yang setara dengan Dolar                        foreign currencies are presented in US Dollar
          Amerika Serikat, dengan menggunakan kurs pada                          equivalent using the exchange rate prevailing at
          akhir periode pelaporan.                                               the end of the reporting period.
          Pada tanggal 31 Desember 2025 dan 2024, kurs nilai                     As at 31 December 2025 and 2024, the exchange
          tukar yang digunakan adalah masing-masing                              rates used were Rp 16,782 and Rp 16,162 (whole
          sebesar Rp 16.782 dan Rp 16.162 (Rupiah penuh)                         Rupiah), respectively, for 1 United States Dollar
          untuk 1 Dolar Amerika Serikat (“USD”).                                 (“USD”).
          Penguatan/pelemahan nilai Rupiah sebagaimana                          A strengthening/weakening of the Rupiah as
          ditunjukkan di bawah ini, terhadap Dolar Amerika                      indicated below, against the US Dollar at
          Serikat pada tanggal 31 Desember 2025 dan 2024                        31 December 2025 and 2024 would have
          akan meningkatkan (menurunkan) ekuitas dan laba                       increased (decreased) equity and profit or loss
          rugi setelah pajak penghasilan sebesar jumlah yang                    after income tax by the amounts shown below. This
          ditunjukkan di bawah ini. Analisis ini didasarkan                     analysis is based on US Dollar rate variances that
          pada varians kurs Dolar Amerika Serikat yang                          management considers as being reasonably
          dianggap wajar oleh manajemen pada tanggal                            possible at the reporting date. The analysis
          pelaporan. Analisis mengasumsikan bahwa semua                         assumes that all other variables, in particular
          variabel lain, khususnya suku bunga, tetap konstan                    interest rates, remain constant and ignores any
          dan mengabaikan dampak perkiraan penjualan dan                        impact of forecasted sales and purchases.
          pembelian.




   *Disajikan kembali (lihat Catatan 34)                                                                 *As restated (see Note 34)




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. INSTRUMEN KEUANGAN DAN                                                          31. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                                FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                                              Financial risk management (Continued)
   c. Risiko pasar (Lanjutan)                                                        c.     Market risk (Continued)
       ii. Risiko mata uang (Lanjutan)                                                      ii.   Currency risk (Continued)
                                                                                                                                            Efek terhadap laba rugi
                                                                                                                                           setelah pajak penghasilan/
                                                                                                     Efek terhadap ekuitas/                 Impact on profit or loss
            Dalam jutaan Rupiah/ In millions of Rupiah                                                 Impact on equity                         after income tax
            31 Desember 2025/ 31 December 2025
            5 persen penguatan/pelemahan Dolar Amerika Serikat/
               5 percent strengthening/weakening of USD                                                                          15.797                            15.797
            31 Desember 2024/ 31 December 2024*
            5 persen penguatan/pelemahan Dolar Amerika Serikat/
               5 percent strengthening/weakening of USD                                                                          16.465                            16.465

32. PERJANJIAN DAN KOMITMEN YANG                                                                     32. SIGNIFICANT AGREEMENTS AND
    SIGNIFIKAN                                                                                                         COMMITMENTS
   Fasilitas kredit                                                               Credit facilities
   Pada tanggal 31 Desember 2025, Grup melakukan                                  At 31 December 2025, the Group entered loan facility agreement
   perjanjian fasilitas pinjaman dengan:                                          with:
                                                     Tipe fasilitas/                       Fasilitas yang belum digunakan/                 Periode ketersediaan/
                                                     Facility type                                  Unused facility                         Availability period
   PT Bank HSBC Indonesia             Fasilitas kredit berulang tanpa komitmen/
                                             Uncommitted revolving loan                                            200.000           16 November/November 2026
   PT Bank SMBC Indonesia Tbk                  Fasilitas kredit berulang/
                                                Revolving credit facility                                          300.000                   31 Mei/May 2026
   PT Bank ANZ Indonesia                          Fasilitas multiopsi/
                                                  Multioption facility                                             300.000           30 September/September 2026
   PT Bank Permata Tbk                         Fasilitas kredit berulang/
                                                Revolving credit facility                                                    -          18 Agustus/August 2026
   PT Bank Central Asia Tbk               Fasilitas kredit Dealer Financing/                                                             4 Maret/March 2026 –
                                           Dealer Financing credit facility                                         12.117           25 September/September 2026
   PT Bank Permata Tbk                        Fasilitas Dealer Financing/
                                               Dealer Financing facility                                             9.436                18 Agustus/August 2026
                                                                                                                   821.553


33. REKONSILIASI LIABILITAS                                                                       33. RECONCILIATION OF LIABILITIES
   Rekonsiliasi liabilitas yang timbul dari aktivitas                                     Reconciliation of liabilities arising from financing
   pendanaan                                                                              activities



                                   31 Desember/            Arus kas neto/            Perubahan non-kas/             31 Desember/
                                  December 2024*           Net cash flows             Non-cash changes             December 2025

   Utang bank jangka pendek                 10.191                   194.876)                             76                      205.143 Short-term bank loans
   Liabilitas sewa                           3.314                    (5.599)                         18.031                       15.746       Lease liabilities
                                            13.505                   189.277)                         18.107                      220.889


                                   31 Desember/            Arus kas neto/            Perubahan non-kas/            31 Desember/
                                  December 2023            Net cash flows             Non-cash changes            December 2024*

   Utang bank jangka pendek                   7.428)                    2.763)                              -                      10.191       Short-term bank loans
   Liabilitas sewa                            8.294)                   (5.386)                            406                       3.314             Lease liabilities
                                             15.722)                   (2.623)                            406                      13.505

   *Disajikan kembali (lihat Catatan 34)                                                                                              *As restated (see Note 34)


                                                                                                                                                                       84
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

34. PENYAJIAN KEMBALI                                                                                        34. RESTATEMENT
   Seperti yang dijelaskan di Catatan 2f, Grup telah                    As disclosed in Note 2f, Group has adopted PSAK 117:
   mengadopsi PSAK 117: Kontrak Asuransi mulai 1 Januari                Insurance Contracts from 1 January 2025. The restatement
   2025. Penyajian kembali tersebut mencerminkan dampak                 reflects the impact of the adoption of PSAK 117 as well as
   penerapan PSAK 117 serta penyesuaian lain yang dianggap              other adjustments deemed necessary in connection with the
   diperlukan dalam rangka penyajian kembali laporan                    restatement of the financial statements.
   keuangan.
   Pengaruh penyajian kembali pada laporan keuangan pada
   tanggal-tanggal 1 Januari 2024/31 Desember 2023 dan                  The impact of restatement in the financial statements as of
   31 Desember 2024 dan untuk tahun yang berakhir pada                  1 January 2024/31 December 2023 and 31 December 2024
   tanggal 31 Desember 2024 adalah sebagai berikut:                     and for the year ended 31 December 2024 are as follows:
   Laporan posisi keuangan konsolidasian 31 Desember                    Consolidated statements of financial position 31 December
   2024                                                                 2024
                                      Dilaporkan
                                     sebelumnya/                               Disajikan
                                     As previously       Penyesuaian/           kembali/
                                       reported           Adjustment           As restated
   ASET LANCAR                                                                                                    CURRENT ASSETS
     Kas dan setara kas                    1.867.925              (695)             1.867.230                Cash and cash equivalents
     Piutang usaha                           239.981            (69.515)              170.466                         Trade receivables
     Aset kontrak reasuransi                       -            872.267)              872.267               Reinsurance contract assets
     Piutang premi                           165.167           (165.167)                    -                     Premium receivables
     Piutang nonusaha                         52.406                753)               53.159                    Non-trade receivables
     Investasi di surat berharga             928.081                133)              928.214                   Investment in securities
     Pembayaran di muka
       lainnya                               118.532             (1.541)              116.991                          Other prepayments

   ASET TIDAK LANCAR                                                                                        NON-CURRENT ASSETS
    Aset reasuransi                          855.493           (855.493)                    -                     Reinsurance assets
    Investasi di surat berharga              278.924             (3.627)              275.297                 Investment in securities
    Aset pajak tangguhan                      52.774             41.591)               94.365                     Deferred tax assets

   LIABILITAS JANGKA
     PENDEK                                                                                                  CURRENT LIABILITIES
    Utang usaha                              916.899            (18.721)              898.178                           Trade payables
    Utang reasuransi                         117.447           (117.447)                    -                     Reinsurance payables
    Liabilitas kontrak asuransi                    -          1.311.011)            1.311.011              Insurance contract liabilities
    Utang lainnya                            144.166              8.877)              153.043                           Other payables
    Pendapatan ditangguhkan                  202.360           (194.638)                7.722                        Unearned revenue
    Estimasi liabilitas klaim                567.405           (567.405)                    -                 Estimated claim liabilities

   LIABILITAS JANGKA
     PANJANG                                                                                           NON-CURRENT LIABILITIES
     Pendapatan ditangguhkan                 428.216           (426.626)                1.590                   Unearned revenue
     Liabilitas opsi jual                        222                (52)                  170                   Put option liability

   EKUITAS                                                                                                                    EQUITY
    Komponen ekuitas lainnya                (444.867)            (3.615)            (448.482)                  Other equity components
    Saldo laba:                                                                                                     Retained earnings:
      Belum ditentukan
      penggunaannya                        2.858.110)          (172.678)           2.685.432)                          Unappropriated




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

34. PENYAJIAN KEMBALI (Lanjutan)                                                                   34. RESTATEMENT (Continued)
   Laporan laba rugi dan penghasilan komprehensif lain                 Consolidated statements of profit or loss and other
   konsolidasian 31 Desember 2024                                      comprehensive income 31 December 2024
                                           Dilaporkan
                                          sebelumnya/                              Disajikan
                                          As previously      Penyesuaian/           kembali/
                                            reported          Adjustment           As restated

    Pendapatan neto                           15.776.406)         608.864)            16.385.270)                                 Net revenues
    Biaya pokok pendapatan                   (14.410.954)        (635.776)           (15.046.730)                              Cost of revenue
    Beban usaha                                 (941.771)          32.854)              (908.917)                          Operating expenses
    Pendapatan lainnya                           263.468)          11.757)               275.225)                                Other income
    Beban lainnya                                (26.991)          12.350)               (14.641)                              Other expenses
    Pendapatan keuangan                          141.133)           7.998)               149.131)                             Finance income
    Biaya keuangan                                (1.652)         (50.346)               (51.998)                               Finance costs
    Beban pajak penghasilan                     (144.410)           2.097)              (142.313)                          Income tax expense
    Perubahan nilai wajar aset diukur                                                                              Net changes in fair value of
     pada nilai wajar melalui                                                                          assets measured at fair value through
     penghasilan komprehensif lain                   (18)           (2.407)               (2.425)               other comprehensive income
   LABA PER SAHAM DASAR                                                                                       BASIC EARNINGS PER SHARE
      (DALAM RUPIAH PENUH)                           133                (2)                  131                        (IN WHOLE RUPIAH)
   LABA PER SAHAM DASAR
     DARI OPERASI YANG                                                                                     BASIC EARNINGS PER SHARE
     DILANJUTKAN                                                                                        FROM CONTINUING OPERATIONS
     (DALAM RUPIAH PENUH)                            133                (3)                  130                  (IN WHOLE RUPIAH)
   Laporan arus kas konsolidasian 31 Desember 2024                      Consolidated statements of cash flow 31 December 2024
                                         Dilaporkan
                                        sebelumnya/          Penyesuaian/        Disajikan kembali/
                                    As previously reported    Adjustment             As restated

    Arus kas bersih dari                                                                                                   Net cash flow from
     aktivitas operasi                            754.571)          (9.863)                744.708                       operating activities
    Arus kas bersih yang
      digunakan untuk                                                                                                    Net cash flow used in
      aktivitas investasi                        (107.800)                  -)             (107.800)                     investing activities
    Arus kas bersih
     yang digunakan untuk                                                                                                Net cash flow used in
     aktivitas pendanaan                         (505.670)                  -)             (505.670)                     financing activities
   Laporan posisi keuangan konsolidasian 1 Januari 2024                 Consolidated statements of financial position 1 January
                                                                        2024
                                          Dilaporkan
                                         sebelumnya/                               Disajikan
                                         As previously       Penyesuaian/           kembali/
                                           reported           Adjustment           As restated

   ASET LANCAR                                                                                                          CURRENT ASSETS
     Kas dan setara kas                         1.712.089            (391)              1.711.698                  Cash and cash equivalents
     Piutang usaha                                240.350         (61.637)                178.713                           Trade receivables
     Aset kontrak reasuransi                            -         723.255)                723.255                 Reinsurance contract assets
     Piutang premi                                187.360        (187.360)                      -                       Premium receivables
     Piutang nonusaha                              57.944             462)                 58.406                      Non-trade receivables
     Investasi di surat berharga                  874.704          27.622)                902.326                     Investment in securities
     Pembayaran di muka lainnya                   111.668          (1.493)                110.175                         Other prepayments

   ASET TIDAK LANCAR                                                                                              NON-CURRENT ASSETS
     Aset reasuransi                             893.016         (893.016)                      -                       Reinsurance assets
     Investasi di surat berharga                 287.244          (28.643)                258.601                   Investment in securities
     Aset pajak tangguhan                         54.327           39.454)                 93.781                       Deferred tax assets




                                                                                                                                            86
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2025 DAN 2024 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


34. PENYAJIAN KEMBALI (Lanjutan)                                                              34. RESTATEMENT (Continued)
   Laporan posisi keuangan konsolidasian 1 Januari 2024                Consolidated statements of financial position 1 January
   (Lanjutan)                                                          2024 (Continued)
                                         Dilaporkan
                                        sebelumnya/                             Disajikan
                                        As previously       Penyesuaian/         kembali/
                                          reported           Adjustment         As restated
   LIABILITAS JANGKA
     PENDEK                                                                                                  CURRENT LIABILITIES
     Utang usaha                               675.429)           (20.921)            654.508)                          Trade payables
     Utang reasuransi                          116.023)          (116.023)                  -)                    Reinsurance payables
     Liabilitas kontrak asuransi                     -)         1.153.314)          1.153.314)             Insurance contract liabilities
     Utang lainnya                             104.855)            11.370)            116.225)                          Other payables
     Pendapatan ditangguhkan                   166.766)          (163.159)              3.607)                       Unearned revenue
     Estimasi liabilitas klaim                 500.768)          (500.768)                  -)                Estimated claim liabilities

   LIABILITAS JANGKA
     PANJANG                                                                                           NON-CURRENT LIABILITIES
     Pendapatan ditangguhkan                   586.015)          (581.957)              4.058)                  Unearned revenue
     Liabilitas opsi jual                       10.542)            (2.404)              8.138)                  Put option liability

   EKUITAS                                                                                                                    EQUITY
    Komponen ekuitas lainnya                  (452.823)             1.277)           (451.546)                 Other equity components
    Saldo laba:                                                                                                     Retained earnings:
       Belum ditentukan
         penggunaannya                       2.786.531)          (162.476)          2.624.055)                         Unappropriated




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PT Mitra Pinasthika Mustika Tbk

Menara Karya, 17th Floor
Jl. H.R. Rasuna Said Block X-5, Kav. 1-2
Kuningan, Jakarta Selatan 12950
Indonesia
T. +62 21 2168 9255
F. +62 21 2168 9259

www.mpmgroup.co.id

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Names mentioned 189 people and organisations named in the text · linked when the evidence is strong

linked org Mitra Pinasthika Mustika Tbk p.1 ×359
linked person Suwito Mawarwati · Direktur Utama p.19 ×14
linked org Pemerintah Provinsi p.22 ×5
linked person Edwin Soeryadjaya · Komisaris Utama p.26 ×16
linked person Tossin Himawan · Komisaris p.33 ×15
linked person Istama Tatang Siddharta · Komisaris Independen p.33 ×8
linked person Danny Walla · Direktur p.33 ×12
linked person Benny Redjo Setyono · Komisaris Independen p.33 ×10
linked person Beatrice Kartika · Direktur p.42 ×11
linked person Kemal Mawira · Direktur p.42 ×11
linked org Persada Capital Investama p.46
linked person JOSAPHAT BUDISATYAWIRA p.59
linked org Astra International Tbk p.60 ×11
linked org Saratoga Investama Tbk p.60 ×19
linked org Adaro Energy Indonesia Tbk p.60 ×4
linked org Merdeka Gold Tbk p.60 ×2
linked org Astra Graphia Tbk p.61 ×5
linked org Astra Otoparts Tbk p.61 ×13
linked org PT Toyota Tsusho p.62 ×2
linked org Dharma Satya Nusantara Tbk p.62 ×3
linked org Unilever Indonesia Tbk p.64
linked org XL Axiata Tbk p.64 ×4
linked org Dana Pensiun p.72
linked org Persada Capital p.73
possible org Otoritas Jasa Keuangan p.4 ×7
possible org Bursa Efek Indonesia p.14 ×7
possible org PT Biro Klasifikasi p.23
possible org Saratoga Investama Sedaya Tbk p.46 ×32
possible person William p.48
possible person ARIA KANAKA · Komisaris p.59
possible org International Tbk p.60 ×4
possible org Merdeka Copper Gold Tbk p.60 ×2
possible org Saratoga Tbk p.60 ×8
possible org Tower Bersama Infrastructure Tbk p.60 ×4
possible org Nusantara Tbk p.62 ×2
possible org Saratoga Investama Sedaya Sedaya Tbk p.67 ×2
possible org Negara Republik Indonesia p.75
possible person Satria p.133
unresolved — Tingkat Kolektibilitas Piutang p.2
unresolved — Ikatan Material untuk Investasi p.2
unresolved person Prevention · Corporate Secretary p.3
unresolved org Financial Services Authority p.4 ×4
unresolved org PT Mitra Pinasthika Mulia p.4 ×6
unresolved org PT Asuransi Mitra Pelindung Mustika p.4 ×2
unresolved org PT Mitra Pinasthika Mustika Rent p.4 ×3
unresolved org PT JACCS p.4
unresolved org Indonesia Stock Exchange p.14 ×4
unresolved org PT Astra Daihatsu Motor MPMulia p.15
unresolved org PT Astra Daihatsu Motor p.15
unresolved org PT Balai Lelang Astra Nara Jaya p.16 ×2
unresolved org Direktorat Jenderal Kekayaan Negara p.16
unresolved org Directorate General of State Assets p.16
unresolved org PT Mitra Pinasthika Mulia Juara p.20
unresolved org PT Astra Honda Motor p.20 ×6
unresolved org PT Asuransi Mitra Pelindung Mustika Maipark Award p.21
unresolved org PT Mitra Pinasthika Mustika Rent Indonesia Digital Popular p.22
unresolved org PT Mitra Pinastika p.22
unresolved org PT Dayakarya Solusi Sejati Banten Provincial Zero Accident p.22
unresolved org PT Mitra Pinastika Mustika Rent p.22 ×2
unresolved org PT Dayakarya Solusi Sejati p.22 ×2
unresolved org Pemerintah Provinsi Banten Banten Provincial Government p.22 ×2
unresolved org Pemerintah Provinsi Banten p.22
unresolved org Pemerintah Provinsi DKI p.22
unresolved org Sertifikasi p.23
unresolved org Ministry of Manpower p.23 ×2
unresolved org Bank Indonesia p.35 ×3
unresolved org Pusat Statistik p.35
unresolved person Rukmasanti Hardjasatya · Notaris p.46 ×4
unresolved org Menteri Kehakiman p.46 ×2
unresolved org Minister of Justice p.46 ×2
unresolved org District Court p.46
unresolved org PT Persada Capital Investama Share Listing p.46
unresolved org PT Bursa Efek Indonesia Jakarta Stock Exchange Building p.46
unresolved org PT Mitra Pinasthika p.47 ×4
unresolved org Mustika Tbk p.47
unresolved org PT Nissan Motor Distribusi p.48
unresolved org PT Nissan Motor Distribusi Indonesia p.48
unresolved org PT Federal Karyatama p.48
unresolved org PT Sasana Artha Mitra Pinasthika Mustika Finance p.48
unresolved org PT Sasana Artha Finance p.48 ×4
unresolved org PT Federal p.48
unresolved org JACCS Co. Ltd. p.48 ×4
unresolved org PT Sasana Artha Finance. This p.48
unresolved org PT Federal Karyatama. Aksi p.49
unresolved org Esso Petroleum Co. Ltd. p.49
unresolved org ExxonMobil UK Limited p.49 ×2
unresolved org PT Federal Karyatama. This p.49
unresolved org Investama Sedaya Tbk p.49 ×8
unresolved org Cars Pte. Ltd. p.49
unresolved org PT Balai Lelang Asta Nara p.49
unresolved org Trusty Cars Pte Ltd. p.49
unresolved org PT Saratoga MPMFinance p.49
unresolved org PT Balai Lelang Asta Nara Jaya p.49 ×2
unresolved person Nominasi · President Commissioner p.59 ×2
unresolved org PT Astra p.60 ×6
unresolved org Sedaya Tbk p.60 ×4
unresolved org Yayasan William p.60
unresolved person Committee · Komisaris Utama p.60
unresolved org PT Saratoga Usia p.60
unresolved org PT Alamtri p.60
unresolved org PT Alamtri Kewarganegaraan p.60
unresolved org Resources Indonesia Tbk p.60 ×2
unresolved org Tower Domicile Jakarta Bersama Infrastructure Tbk p.60 ×2
unresolved org Bersama Infrastructure Tbk p.60
unresolved org PT Merdeka p.60
unresolved org Copper Gold Tbk p.60 ×2
unresolved org Investama Tbk p.60
unresolved org PT Merdeka Copper p.60
unresolved org PT Federal Motor p.61 ×4
unresolved org Otoparts Tbk p.61
unresolved org PT Astra Honda p.61
unresolved org PT Grahamitra Lestarijaya p.61 ×2
unresolved org PT Federal International p.61
unresolved org PT Astra Credit p.61
unresolved org PT Astra Credit Company Rangkap p.61
unresolved org PT Rasi Unggul p.61
unresolved org PT Rasi Unggul Bestari Bestari p.61
unresolved org Metax Engineering Corp. Ltd. p.62
unresolved org PT Domicile p.62
unresolved org PT Oerlikon Balzer Artoda p.62
unresolved org PT Oerlikon Balzer Indonesia p.62
unresolved org PT Dharma p.62
unresolved org Satya Nusantara Tbk p.62 ×2
unresolved org PT Dharma Satya p.62
unresolved org Kantor Akuntan Publik Siddharta p.63 ×2
unresolved org Siddharta Widjaja & Rekan · Kantor Akuntan Publik p.63 ×2
unresolved org Widjaja & Rekan p.63 ×2
unresolved org PT Amalgamated p.63 ×2
unresolved org PT Toyota-Astra Motor p.64
unresolved org PT Toyota-Astra Motor Age p.64
unresolved org PT Unilever p.64
unresolved org Indonesia Tbk p.64
unresolved org PT Jakarta Domisili p.64
unresolved org PT Asuransi Jiwa Astra p.64 ×3
unresolved org PT Jiwa Astra Life p.64
unresolved org Industri Perdagangan Bintraco Dharma Tbk p.64 ×2
unresolved org Perdagangan Bintraco Dharma Tbk p.64
unresolved org Bintraco Dharma Tbk p.64 ×8
unresolved org PT Asuransi Jiwa Astra Life p.64
unresolved org PT New Ratna Motor p.65 ×2
unresolved person Rangkap · Direktur Utama p.66 ×2
unresolved org PT Mitra Pertama Domicile p.66
unresolved org PT Mitra Pinasthika Mustika Auto p.66 ×4
unresolved org PT Putra Mustika Prima p.66 ×6
unresolved org PT Armada Maha Karya p.66 ×6
unresolved org PT Apac Inti Corpora p.67
unresolved org PT Apac p.67
unresolved org Departemen Keuangan p.67
unresolved org PT Mitra Pertama Mulia p.67 ×3
unresolved org Portfolio Management Saratoga Investama Sedaya Tbk p.68
unresolved org PT Saratoga Domisili p.68
unresolved org PT Mulia Bosco Logistik p.68 ×2
unresolved org Investama Investama Sedaya Tbk p.68
unresolved org PT Persada p.69 ×2
unresolved org Major Sedaya Tbk p.73
unresolved person Soeryadjaya · Komisaris p.73
unresolved org PT Pandu Alam p.73
unresolved org PT Tri Nur Soeryadjaya p.73
unresolved org PT Unitras p.73
unresolved org PT Persada Capital Public p.73
unresolved org Private Limited p.73
unresolved org PT JACCS Mitra p.74
unresolved org PT Mitra Pinasthika Mitra Pelindung p.74
unresolved org PT Putra p.74
unresolved org PT Surya p.74
unresolved org PT Armada Anugerah p.74
unresolved org PT Grahamitra Lestari Jaya p.74
unresolved org Menteri p.75
unresolved org Minister of Law p.75 ×2
unresolved org PT Bursa Efek Indonesia Stock Listing Institution p.75
unresolved org Direktorat Jenderal Administrasi p.77
unresolved org Directorate General of General Law Administration p.77
unresolved org Kementerian Hukum Republik Indonesia p.77
unresolved org Ministry of Law p.77
unresolved org Kantor Akuntan Publik Information p.79
unresolved org Siddharta Widjaja p.79
unresolved person Novie p.79
unresolved org PT Datindo Entrycom p.79 ×2
unresolved person Jose Dima Satria · Notaris p.79 ×2
unresolved org PT Kustodian Sentral Efek Indonesia p.133 ×10
unresolved org PT Kustodian Sentral Efek Indonesia's p.133 ×3
unresolved person Annual GMS · Komisaris p.134
unresolved org Public Accounting Firm Siddharta Widjaja & Rekan p.134 ×2
unresolved org Menteri Hukum Republik Indonesia p.137
unresolved org Kantor Akuntan Publik Siddharta Widjaja & Rekan p.138
unresolved org Kantor Akuntan Publik Siddharta Widjaja p.138
unresolved org Minister of Law and Human Rights p.140

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