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ON OUR
PACE,
RUNNING
URTHER
F
2025 LAPORAN TAHUNAN
ANNUAL REPORT
Page 2
01 PENDAHULUAN
Laporan Tahunan 2025
ON OUR
PACE,
RUNNING
URTHER
F
2
“The marathon is not about the legs; it’s about the heart and mind.”
— Eliud Kipchoge
Taking inspiration from Eliud Kipchoge, we believe that every stride is
part of a purposeful journey that comes from discipline. For over 30
years, Trimegah has been running with this same steadfast consistency,
knowing that success doesn’t come from speed alone, but from
maintaining pace, focus, and endurance through every phase.
Every strategy and investment we made comes with patience and faith.
We don’t rush for short-term results, because we believe true
achievement takes time and long-term commitment.
When belief grows, it doesn’t just lead to performance. It reflects
dedication, sincere hard work, and the determination to keep running
further toward a sustainable future.
PT Trimegah Sekuritas Indonesia Tbk
Page 3
01 INTRODUCTION
3
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
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01 PENDAHULUAN
06 KEBERLANJUTAN
Laporan Tahunan 2025
4
PT Trimegah Sekuritas Indonesia Tbk
Page 5
01
06 INTRODUCTION
SUSTAINABILITY
01
Starting
Line
Pendahuluan
Introduction 5
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
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01 PENDAHULUAN
Laporan Tahunan 2025
Daftar Isi
Table of Contents
01 Pendahuluan
Introduction
10 Kesinambungan Tema
Theme Continuity
12 Ikhtisar Keuangan 2025
2025 Financial Highlights
6
02
Laporan Manajemen
Report from the Management
17 Laporan Dewan Komisaris
Report from the Board of Commissioners
25 Laporan Direksi
Report from the Board of Directors
34 Pernyataan Manajemen atas Laporan
Tahunan 2025
Management’s Statement for the 2025
Annual Report
PT Trimegah Sekuritas Indonesia Tbk
Page 7
01 INTRODUCTION
03 Profil Perusahaan
Company Profile 04 Analisis dan Pembahasan Manajemen
Management Discussion & Analysis
38 Sekilas tentang Trimegah 94 Tinjauan Makroekonomi
Trimegah at a Glance Overview of Macroeconomy
40 Identitas Perusahaan 96 Tinjauan Operasi per Segmen Usaha
Corporate Identity Operating Overview per Business Segment
42 Misi, Visi, dan Nilai-nilai Perusahaan 104 Tinjauan Unit Pendukung Bisnis
Mission, Vision, & Corporate Values Overview of Business Support Units
44 Produk dan Layanan 114 Tinjauan Keuangan
Products and Services Financial Overview
46 Struktur Organisasi 120 Kemampuan Membayar Utang
Organization Structure Ability to Pay Debts
48 Profil Dewan Komisaris 121 Kolektibilitas Piutang
Profile of the Board of Commissioners Collectability of Receivables
54 Profil Direksi 122 Struktur Modal
Profile of the Board of Directors Capital Structure
59 Informasi Pemegang Saham 125 Investasi Barang Modal dan Ikatan Material terkait
Information on Shareholders Investasi Barang Modal
Investment in Capital Goods and Material
61 Struktur Kepemilikan Commitment related to Investment in Capital Goods
Ownership Structure
126 Perbandingan Target dan Realisasi Kinerja 7
62 Kronologi Pencatatan Saham Comparison of Target and Actual Performance
Shares Listing Chronology
128 Proyeksi Tahun 2026
64 Informasi Pencatatan Efek Lainnya 2026 Projection
Other Securities Listing Information
130 Perubahan Kebijakan Akuntansi
65 Informasi Saham Changes in Accounting Policy
Shares Highlights
131 Perubahan Peraturan Perundang-undangan
66 Data Karyawan Changes in Rules and Regulations
Employee Data
136 Kebijakan Pembayaran Dividen
68 Wilayah Operasional Perseroan Dividend Payment Policy
Operational Area of the Company 137 Informasi Material
69 Profesi dan Lembaga Penunjang Pasar Modal Material Information
Capital Market Supporting Professions and 140 Informasi dan Fakta Material yang Terjadi
Institutions Setelah Laporan Akuntan
70 Keanggotaan Asosiasi Material Information and Facts After the Accounting
Association Membership Report Period
72 Informasi Akuntan Publik 141 Realisasi Penggunaan Dana Hasil Penawaran Umum
Information on Public Accountant Realization of the Use of Public Offering Proceeds
75 Entitas Anak - Trimegah Asset Management 146 Aspek Pemasaran
Subsidiary - Trimegah Asset Management Marketing Aspect
86 Penghargaan 149 Prospek Usaha
Awards Business Prospects
2025 Annual Report
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01 PENDAHULUAN
Laporan Tahunan 2025
Daftar Isi
Table of Contents
05 Tata Kelola Perusahaan
Corporate Governance
155 Rapat Umum Pemegang Saham 247 Manajemen Risiko
General Meeting of Shareholders Risk Management
171 Direksi 256 Perkara-perkara Penting
Board of Directors Important Cases
180 Dewan Komisaris 257 Sanksi Administratif
Board of Commissioners Administrative Sanction
196 Nominasi & Remunerasi Dewan Komisaris 258 Kode Etik
dan Direksi Code of Conduct
Nomination & Remuneration for the Board of
260 Program Kepemilikan Saham Manajemen dan
Commissioners and the Board of Directors
Karyawan
200 Komite di bawah Dewan Komisaris Management and Employees Shares Ownership
Committees under the Board of Commissioners Program
215 Komite di bawah Direksi 261 Kebijakan Pengungkapan Saham Anggota
Committees under the Board of Directors Direksi dan Dewan Komisaris
Disclosure Policy of the Board of Directors and the
229 Sekretaris Perusahaan
Board of Commissioners’ Share
Corporate Secretary
8 262 Kebijakan Pelaporan Pelanggaran dan
236 Divisi Internal Audit Anti Korupsi
Internal Audit Division Whistleblower & Anti-corruption Policy
242 Sistem Pengendalian Internal 266 Penerapan atas Pedoman Tata Kelola
Internal Control System Perusahaan Terbuka
Implementation of Public Company
Governance Guidelines
PT Trimegah Sekuritas Indonesia Tbk
Page 9
01 INTRODUCTION
Daftar Isi
Table of Contents
06 Tanggung Jawab Sosial dan
Lingkungan Perusahaan
Corporate Social & Environmental
Responsibility
277 Tanggung Jawab Sosial dan Lingkungan
Perusahaan
Corporate Social & Environmental Responsibility
07 Laporan Keuangan
Financial Statements
280 Laporan Keuangan
Financial Statements
9
2025 Annual Report
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01 PENDAHULUAN
Laporan Tahunan 2025
Kesinambungan Tema
Theme Continuity
10
2021 2022 2023
Composing Our New A New Season Begins Preserving the
Symphony At Trimegah, we think of our work as Glorious Goals
that of a seasoned filmmaker, where
If we are to juxtapose it to a musical every business decision is thoughtfully For 33 years, one step at a time,
genre, 2021 can be expressed as a crafted and every little change is a Trimegah has reached various and
combination of rock and orchestra; in new scene, one that takes our story tremendous goals, from setting up
a sense that we are still adjusting the forward in the fast-moving world. strategies and forming the team, to
hardship from the previous year while running the business toward the target.
composing a new melody in a more In 2022, Trimegah welcomed its new The process of it takes loads of motions
refined and majestic orchestral way. yet experienced management. Their and emotions, but ultimately Trimegah
arrival brought a breath of fresh air remarkably conquered it all.
Like musicians, performing is at the and a masterfully prepared script to
heart of our occupation. This year continue the great work that has been In 2023, Trimegah did not take another
and beyond, we are planning on done in past seasons. year of achievement for granted.
composing the tunes that may suit Instead, like a soccer team champion,
your needs. As with any filmmaker, we cannot we continued to move forward in leaps
wait to take you through the next and bounds. We remain constantly
season of our journey. Sit tight. Follow focused on our futuristic vision and
along. Prepare yourself to be inspired strategic mission, fully prepared for the
for years to come, as Our New Season future obstacles that may arise.
Begins only at Trimegah.
All these accomplishments have
become fuel for Trimegah’s confidence
to keep their defenses on scoring
another opportunity. So keep on
opening up the new pages, as you watch
Trimegah running the ball toward yet
another glorious goal.
PT Trimegah Sekuritas Indonesia Tbk
Page 11
01 INTRODUCTION
11
2024 2025
Climbing to
On Our Pace,
Greater Heights
Running Further
Every climb starts with a purpose, and ours has
always been about more than just reaching the “The marathon is not about the legs; it’s about the
top. It’s about setting our sights higher, taking on heart and mind.” — Eliud Kipchoge
challenges with determination, and turning each
milestone into a stepping stone for something Taking inspiration from Eliud Kipchoge, we believe
greater. that every stride is part of a purposeful journey
that comes from discipline. For over 30 years,
The journey hasn’t always been easy, but with Trimegah has been running with this same steadfast
every obstacle, we’ve found new strength. We’ve consistency, knowing that success doesn’t come
learned to adapt, push forward, and stay focused from speed alone, but from maintaining pace,
on what lies ahead. Every goal achieved is not just focus, and endurance through every phase.
a finish line—it’s a reminder that there’s always
more to strive for. Every strategy and investment we made comes
with patience and faith. We don’t rush for short-
With a clear vision and unwavering commitment, term results, because we believe true achievement
we kept moving forward, embracing the challenges takes time and long-term commitment.
and opportunities that came our way. And as we
look ahead, we know that success isn’t just about When belief grows, it doesn’t just lead to
reaching new heights—it’s about the resilience, performance. It reflects dedication, sincere hard
passion, and determination that keep us climbing. work, and the determination to keep running
further toward a sustainable future.
2025 Annual Report
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01 PENDAHULUAN
Laporan Tahunan 2025
Ikhtisar Keuangan 2025
2025 Financial Highlights
(Rp juta) 2025 2024 2023 (Rp million)
Total Pendapatan Usaha 1.679.947 907.151 712.956 Total Revenues
Laba Usaha 858.935 408.627 266.063 Income from Operation
Laba Bersih Tahun Berjalan 593.539 259.898 162.514 Net Profit for the Year
Laba yang Dapat Diatribusikan kepada 593.457 259.844 162.463 Profit Attributable to Owners of
Pemilik Entitas Induk the Parent Company
Laba yang Dapat Diatribusikan kepada 82 55 52 Profit Attributable to
Kepentingan Non-pengendali Non-controlling Interests
Total Penghasilan Komprehensif Tahun 594.863 261.794 162.142 Total Comprehensive Income for
Berjalan the Year
Total Laba Komprehensif yang Dapat 594.781 261.739 162.091 Total Comprehensive Income
Diatribusikan kepada Pemilik Entitas Induk Attributable to Owners of the
Parent Company
Total Laba Komprehensif yang Dapat 82 55 52 Total Comprehensive Income
Diatribusikan kepada Kepentingan Attributable to Non-controlling
Non-pengendali Interest
Total Aset 6.828.045 3.541.102 2.873.246 Total Assets
Total Liabilitas 4.753.219 2.061.100 1.655.409 Total Liabilities
Total Ekuitas 2.074.826 1.480.002 1.217.837 Total Equity
Lembar Saham Shares
Jumlah Saham Beredar Akhir Tahun 7.109.300.000 7.109.300.000 7.109.300.000 Number of Outstanding Shares
12 End of Year
Data per Saham Per Share Data
(dalam Rp penuh) (in full Rp)
Laba per Saham Dasar 83,49 36,56 22,86 Basic Earnings per Share
Rasio-rasio Penting Important Ratios
Laba Tahun Berjalan/Pendapatan 35,3% 28,6% 22,8% Net Profit Margin
Laba Tahun Berjalan/Aset 8,7% 7,3% 5,7% Return on Assets
Laba Tahun Berjalan/Ekuitas 28,6% 17,6% 13,3% Return on Equity
Rasio Lancar 2,89 2,63 2,65 Current Ratio *)
Total Liabilitas/Total Ekuitas 2,29 1,39 1,36 Total Liabilities/Total Equity *)
Total Liabilitas/Total Aset 0,70 0,58 0,58 Total Liabilities/Total Assets *)
PT Trimegah Sekuritas Indonesia Tbk
Page 13
01 INTRODUCTION
Total Pendapatan Usaha
Total Revenues Rp juta | Rp million
Rp1.679.947 2.000.000
1.500.000
1.250.000
Rp907.151 1000.000
Rp712.956 750.000
500.000
250.000
250.000
2023 2024 2025 13
Laba Usaha dan Laba Tahun Berjalan
Income from Operation and Net Profit for the Year Rp juta | Rp million
900.000
Rp858.935
800.000
700.000
600.000
Rp593.539
500.000
Rp408.627
400.000
Rp259.898 300.000
Rp266.063
200.000
Rp162.514
100.000
2023 2024 2025
2025 Annual Report
Laba Bersih Tahun Berjalan | Net Profit for the Year
Laba Usaha | Income from Operation
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02 LAPORAN MANAJEMEN
Laporan Tahunan 2025
14
02 Mapping
the Route
Laporan Manajemen
Report from the Management
PT Trimegah Sekuritas Indonesia Tbk
Page 15
02 REPORT FROM THE MANAGEMENT
15
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
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02 LAPORAN MANAJEMEN
Laporan Tahunan 2025
Rofikoh Rokhim
Komisaris Utama/Komisaris Independen
President Commissioner/Independent Commissioner
16
PT Trimegah Sekuritas Indonesia Tbk
Page 17
02 REPORT FROM THE MANAGEMENT
Laporan Dewan Komisaris
Report from the Board of Commissioners
Para Pemegang Saham yang terhormat, Dear esteemed Shareholders,
Pada kesempatan ini, kami sampaikan laporan We would like to take this opportunity to present a report
pelaksanaan tugas pengawasan Dewan Komisaris on the implementation of the Board of Commissioners’
atas pengelolaan PT Trimegah Sekuritas Indonesia supervisory duties regarding the management of PT
Tbk (“Perseroan”) untuk tahun buku 2025. Laporan ini Trimegah Sekuritas Indonesia Tbk (the “Company”) for
memuat hasil pengawasan serta pemberian nasihat the 2025 financial year. This report contains the results
kepada Direksi dalam menjalankan pengelolaan of the supervision and advice provided to the Board of
Perseroan sepanjang tahun berjalan. Directors in managing the Company throughout the
year.
Tinjauan Ekonomi Makro dan Dinamika Pasar Macroeconomic Review and Capital Market
Modal Tahun 2025 Dynamics in 2025
Meskipun perekonomian global tahun 2025 diwarnai Although the global economy in 2025 was marred by
oleh isu geopolitik dan perdagangan internasional geopolitical and international trade issues, such as
seperti peningkatan praktik proteksionisme, dan increased protectionist practices and trade tensions
ketegangan perdagangan antarnegara utama, between major countries, the global economy remained
perekonomian ekonomi global tetap menunjukkan resilient. This was reflected in the continued positive
ketahanan. Hal ini tercermin pada perdagangan dunia growth in world trade.
yang masih tumbuh positif.
Di tengah tekanan eksternal tersebut, perekonomian Amid these external pressures, the Indonesian economy
Indonesia tetap menunjukkan fundamental yang solid. maintained solid fundamentals. Throughout 2025, the 17
Sepanjang tahun 2025, ekonomi nasional tumbuh national economy grew by 5.11%, primarily supported
sebesar 5,11%, terutama didukung oleh konsumsi by domestic consumption and government spending.
domestik dan belanja pemerintah. Selain itu, inflasi Furthermore, inflation was controlled, and interest
terkendali dan tingkat suku bunga secara bertahap rates gradually declined, reaching 4.75% by the end
turun dan 4,75% pada akhir 2025. Nilai tukar Rupiah of 2025. The rupiah exchange rate remained relatively
juga relatif stabil pada kisaran Rp16.700–Rp16.800 per stable at around Rp16,700–Rp16,800 per US dollar at
dolar AS pada akhir tahun. year-end.
Pasar saham cenderung berfluktuasi, dan jumlah The stock market tended to fluctuate, with 26
IPO saham tercatat 26 perusahaan, lebih rendah companies registering initial public offerings (IPOs),
dibandingkan tahun sebelumnya. Meskipun demikian, lower than the previous year. However, the bond market
pasar obligasi menunjukkan kinerja yang relatif lebih performed relatively stronger, supported by the decline
kuat, ditopang oleh penurunan tingkat suku bunga in benchmark interest rates. The bond index recorded
acuan. Indeks obligasi mencatatkan imbal hasil positif positive yields, and corporate bond issuance remained
dan penerbitan obligasi korporasi tetap tinggi hingga high, exceeding Rp200 trillion.
melampaui Rp200 triliun.
Di tengah kondisi tersebut, Dewan Komisaris Amidst these conditions, the Board of Commissioners
mengapresiasi kinerja Perseroan sepanjang tahun 2025 appreciates the Company’s performance throughout
yang mencatatkan pertumbuhan yang sangat baik, baik 2025, which recorded excellent growth, both in
dalam kinerja usaha maupun dalam kinerja keuangan. business and financial performance.
Peran Pengawasan Dewan Komisaris terhadap The Board of Commissioners’ Oversight Role
Implementasi Strategi Direksi over the Implementation of the Board of
Directors’ Strategy
Sesuai mandat Anggaran Dasar, Dewan Komisaris In accordance with the mandate of the Articles of
secara aktif melakukan pengawasan dan pendampingan Association, the Board of Commissioners actively
terhadap Direksi, sejak tahap perumusan rencana dan supervises and provides guidance to the Board of
strategi bisnis 2025, dan persetujuannya, implementasi/ Directors, starting from the formulation of the 2025
2025 Annual Report
eksekusi atas rencana-rencana bisnis tersebut. Selain business plan and strategy, through to its approval,
itu, Dewan Komisaris juga secara aktif terlibat dalam implementation, and execution. Furthermore, the Board
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02 LAPORAN MANAJEMEN
Laporan Tahunan 2025
Laporan Dewan Komisaris
Report from the Board of Commissioners
evaluasi pelaksanaan rencana-rencana bisnis sepanjang of Commissioners is actively involved in evaluating the
2025, terutama dalam area-area yang sensitif dan implementation of business plans throughout 2025,
strategis bagi Perseroan. particularly in sensitive and strategic areas for the
Company.
Dewan Komisaris mengapresiasi dan mendukung The Board of Commissioners appreciates and supports
gagasan Direksi pada pilar project-based growth the Board of Directors’ initiatives on the project-
dalam menjaga pipeline transaksi terutama dalam based growth pillar to maintain the transaction
bisnis underwriting. Pada pilar recurring income, upaya pipeline, particularly in the underwriting business.
menjaga stabilitas pendapatan melalui dana kelolaan In the recurring income pillar, efforts to maintain
reksa dana dan bisnis pembiayaan dinilai berada pada revenue stability through managed mutual funds and
arah yang tepat. Sementara itu, pada pilar transformasi the financing business are deemed to be on the right
digital dan ekspansi ritel, optimalisasi platform digital, track. Meanwhile, in the digital transformation and
perluasan basis nasabah, serta penguatan infrastruktur retail expansion pillar, optimizing digital platforms,
dan sumber daya manusia dinilai sangat penting dalam expanding the customer base, and strengthening
menjaga posisi Perseroan di industri. infrastructure and human resources are considered
crucial to maintaining the Company’s position in the
industry.
Dewan Komisaris juga aktif memberikan berbagai The Board of Commissioners also actively provides
arahan khususnya terkait penerapan prinsip kehati- various directions, particularly regarding the
hatian dalam pengelolaan risiko pembiayaan dan application of prudential principles in financing and
18 transaksi, penguatan aspek keamanan teknologi transaction risk management, and strengthening
informasi guna mengantisipasi meningkatnya information technology security aspects to anticipate
risiko cybercrime. Penyampaian seluruh arahan dan the increasing risk of cybercrime. All strategic directives
rekomendasi strategis tersebut disampaikan secara and recommendations were formally delivered through
formal melalui rapat gabungan bersama Direksi yang 6 joint meetings with the Board of Directors in 2025.
telah diselenggarakan sebanyak 6 kali pada 2025.
Keterlibatan aktif Dewan Komisaris sejak tahap The Board of Commissioners’ active involvement,
perencanaan, hingga evaluasi pelaksanaan rencana from the planning stage through to the evaluation of
bisnis dilaksanakan secara berkala dan dengan the business plan’s implementation, was conducted
menerapkan parameter-parameter yang terukur. periodically and using measurable parameters. Overall,
Secara keseluruhan, Dewan Komisaris menilai bahwa the Board of Commissioners assessed that the strategy
implementasi strategi selama periode pelaporan implementation during the reporting period was
telah berjalan efektif dan selaras dengan arah yang effective and aligned with the established direction.
ditetapkan.
Penilaian Dewan Komisaris terhadap Kinerja The Board of Commissioners’ Assessment of
Direksi Tahun 2025 the Board of Directors’ Performance in 2025
Dewan Komisaris memandang bahwa sepanjang tahun The Board of Commissioners believes that throughout
2025 Direksi telah menunjukkan kepemimpinan yang 2025, the Board of Directors demonstrated effective
efektif dan adaptif terhadap dinamika pasar. Dewan leadership and adaptability to market dynamics. The
Komisaris menilai strategi dan rencana-rencana bisnis Board of Commissioners assesses that the strategies
diterjemahkan secara efektif dalam implementasi and business plans were effectively translated into daily
sehari-hari, sehingga Perseroan berhasil membukukan implementation, resulting in the Company’s excellent
kinerja keuangan yang sangat baik. financial performance.
Dewan Komisaris memberikan apresiasi kepada Direksi The Board of Commissioners commends the Board
atas kerja kerasnya yang tercermin dalam kinerja tahun of Directors for their hard work, reflected in the 2025
2025. Pendapatan usaha tumbuh hingga mencapai performance. Operating revenue grew to an all-time
tingkat tertinggi sepanjang sejarah (all-time high), high of Rp1.68 trillion, a 198.6% increase over the
yaitu sebesar Rp1,68 triliun atau tercapai 198,6% annual target. Net profit grew significantly to Rp593.54
terhadap target tahunan. Laba bersih tumbuh secara billion from Rp259.90 billion the previous year. This
PT Trimegah Sekuritas Indonesia Tbk
Page 19
02 REPORT FROM THE MANAGEMENT
Laporan Dewan Komisaris
Report from the Board of Commissioners
signifikan menjadi Rp593,54 miliar dari Rp259,90 performance demonstrates not only the Company’s
miliar pada tahun sebelumnya. Kinerja tersebut tidak effectiveness in capitalizing on opportunities but also
hanya menunjukkan efektivitas dalam memanfaatkan its consistency in maintaining sustainable growth.
peluang, tetapi juga konsistensi Perseroan dalam
menjaga pertumbuhan secara berkelanjutan.
Dewan Komisaris juga mengapresiasi keberhasilan The Board of Commissioners also commends the Board
Direksi dalam mempertahankan posisinya di industri. of Directors’ success in maintaining its leading position
Hal ini tercermin beberapa penghargaan seperti in the industry. This is reflected in several awards,
transaksi terbesar di pasar Surat Utang Negara, serta including the largest transaction in the Government
peringkat ke-2 dalam Indonesian Bloomberg’s Bond Bond market and second place in the Indonesian
dan peringkat ke-1 dalam Indonesian Bloomberg’s Bloomberg Bond and first place in the Indonesian
Equity League Table tahun 2025. Hal ini mencerminkan Bloomberg Equity League Table for 2025. This
kepercayaan pasar dan nasabah, tetapi juga pengakuan reflects market and customer trust, as well as industry
industri kepada Perseroan. recognition of the Company.
Melihat seluruh capaian tersebut, Dewan Komisaris Considering all these achievements, the Board of
menilai bahwa Direksi telah menjalankan tugas Commissioners assesses that the Board of Directors
dan tanggung jawabnya secara efektif sehingga has carried out its duties and responsibilities effectively,
Perseroan mampu menjaga momentum pertumbuhan enabling the Company to maintain growth momentum
sekaligus memperkuat posisinya di pasar modal and strengthen its position in the national capital
nasional. Meskipun demikian, Dewan Komisaris tetap market. Nevertheless, the Board of Commissioners
menekankan pentingnya kewaspadaan terhadap continues to emphasize the importance of vigilance 19
dinamika pasar, terus memperkuat risk management regarding market dynamics, continuing to strengthen
dan implementasi praktik-praktik bisnis yang prudent. risk management and implementing prudent business
practices.
Pandangan terhadap Prospek Bisnis Outlook on the Business Prospects Prepared
yang Disusun oleh Direksi dan Dasar by the Board of Directors and the Underlying
Pertimbangannya Considerations
Memasuki tahun 2026 mendatang dengan kondisi Entering 2026 with the current global geopolitical
geopolitik global yang sedang terjadi, dalam conditions under a moderate scenario, global economic
skenario moderat, pertumbuhan ekonomi global growth is projected to be around 3.3%, with world
diproyeksikan berada pada kisaran 3,3%, dengan trade volume at around 2.6% and inflation estimated
volume perdagangan dunia sekitar 2,6% dan inflasi at around 3.8%.
diperkirakan di sekitar 3,8%.
Sementara itu, pemerintah menargetkan pertumbuhan Meanwhile, the government is targeting economic
ekonomi pada kisaran 5,1%–5,4% (yoy), tingkat suku growth in the range of 5.1%–5.4% (year-on-year),
bunga acuan yang kondusif di 4,75% yang diharapkan with a conducive benchmark interest rate of 4.75%
terus mendukung likuiditas serta mendorong aktivitas expected to continue to support liquidity and stimulate
ekonomi secara berkelanjutan. sustainable economic activity.
Dewan Komisaris meyakini pasar modal Indonesia The Board of Commissioners believes the Indonesian
memiliki ruang pertumbuhan yang luas sebagaimana capital market has ample room for growth, as reflected
tercermin pada basis investor domestik yang terus in the steadily increasing domestic investor base,
meningkat hingga mencapai sekitar 22,96 juta pada reaching approximately 22.96 million by early 2026,
awal 2026 atau bertambah sekitar 2,6 juta investor with approximately 2.6 million new investors.
baru.
Sejalan dengan proyeksi-proyeksi tersebut, Dewan In line with these projections, the Board of
Komisaris memandang bahwa rencana usaha tahun Commissioners believes the 2026 business plan is on
2025 Annual Report
2026 telah berada di jalur yang tepat. Penguatan track. Strengthening the retail segment as the backbone
segmen ritel sebagai tulang punggung investor di pasar of investors in the domestic capital market, accelerating
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02 LAPORAN MANAJEMEN
Laporan Tahunan 2025
Laporan Dewan Komisaris
Report from the Board of Commissioners
modal domestik, akselerasi transformasi digital, dan digital transformation, and strengthening recurring
penguatan sumber pendapatan berulang sudah selaras revenue sources are aligned with the Company’s long-
dengan tujuan jangka panjang Perseroan. term objectives.
Meskipun demikian, Dewan Komisaris memandang Nevertheless, the Board of Commissioners believes that
bahwa Perseroan tetap harus memberikan perhatian the Company must continue to pay special attention
khusus pada beberapa area pada rencana bisnis to several areas in the 2026 business plan, including
tahun 2026, di antaranya terus menyempurnakan continuing to refine the Information System Security
Program Keamanan Sistem Informasi dan memperkuat Program and strengthening the implementation of
penerapan tata kelola dan implementasi market governance and market conduct.
conduct.
Melalui optimalisasi peran fungsi-fungsi pengawasan By optimizing the role of internal oversight functions,
internal, kami akan terus mendukung Direksi dalam we will continue to support the Board of Directors in
memastikan bahwa setiap inisiatif strategis dijalankan ensuring that every strategic initiative is executed
secara disiplin, terukur, dan berlandaskan prinsip in a disciplined, measured, and prudent manner. We
kehati-hatian. Kami berpandangan bahwa pencapaian believe that achieving the Company’s 2026 targets
target Perseroan pada tahun 2026 sangat ditentukan will be largely determined by the strong commitment
oleh komitmen yang kuat dari seluruh manajemen of all management and employees to implementing
dan karyawan dalam mengimplementasikan strategi responsible strategies, thereby maintaining sustainable
bertanggung jawab, sehingga kinerja yang berkelanjutan performance.
dapat terus terjaga.
20
Penerapan Tata Kelola Perusahaan yang Baik Good Corporate Governance Implementation
Dalam menjalankan fungsi pengawasan, Dewan In carrying out its supervisory function, the Board of
Komisaris secara sungguh-sungguh memastikan bahwa Commissioners diligently ensures that Good Corporate
prinsip-prinsip tata kelola telah diimplementasikan di Governance (GCG) principles are implemented
seluruh organisasi. throughout the organization.
Bisnis Perusahaan Efek menuntut kehatian-hatian The securities company business requires prudence in
dalam menghadapi berbagai risiko, terutama risiko dealing with various risks, particularly market risk and
pasar, risiko operasional, dan tuntutan kepatuhan operational risk, and demands for strict compliance
yang tinggi pada regulasi dan prinsip-prinsip tata with regulations and good corporate governance
kelola perusahaan yang baik. Dewan Komisaris terus principles. The Board of Commissioners continuously
melakukan pengawasan atas efektivitas sistem monitors the effectiveness of the internal control
pengendalian internal, manajemen risiko, serta system, risk management, and compliance with
kepatuhan terhadap ketentuan yang berlaku guna applicable regulations to maintain the quality of the
menjaga kualitas tata kelola Perseroan. Company’s governance.
Sepanjang tahun 2025, Dewan Komisaris telah Throughout 2025, the Board of Commissioners assessed
melakukan penilaian atas efektivitas penerapan the effectiveness of GCG implementation and is of the
tata kelola dan berpendapat bahwa Perseroan telah opinion that the Company has an adequate governance
memiliki struktur tata kelola yang memadai sesuai structure commensurate with the complexity and
kompleksitas dan volume kegiatan usaha. Pembagian volume of its business activities. The division of roles
peran dan tanggung jawab antarorgan perusahaan and responsibilities between company organs is deemed
dinilai telah berjalan dengan baik sehingga mendukung to have been well-functioning, supporting an effective
mekanisme check and balance yang efektif serta proses checks and balances mechanism and an accountable
pengambilan keputusan yang akuntabel dan transparan. and transparent decision-making process.
PT Trimegah Sekuritas Indonesia Tbk
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02 REPORT FROM THE MANAGEMENT
Laporan Dewan Komisaris
Report from the Board of Commissioners
Dewan Komisaris turut melihat bahwa implementasi The Board of Commissioners also observes that GCG
tata kelola di Perseroan terus diperkuat melalui implementation in the Company continues to be
pengawasan yang lebih intensif terhadap aktivitas strengthened through more intensive oversight of
bisnis berisiko tinggi. Pengelolaan risiko-risiko kunci high-risk business activities. Key risk management
dan sistem pengendalian internal telah berjalan dengan and internal control systems have been effective in
baik dalam mendukung pengambilan keputusan supporting accountable decision-making. Furthermore,
yang akuntabel. Selain itu, penyediaan fasilitas the provision of a Whistleblowing System (WBS) has
Whistleblowing System (WBS) juga ikut membangun contributed to building a culture of integrity within the
budaya integritas di organisasi Perseroan. Company.
Penilaian terhadap Kinerja Komite-komite di Assessment of the Performance of Committees
bawah Dewan Komisaris under the Board of Commissioners
Dewan Komisaris didukung oleh Komite Audit dan The Board of Commissioners is supported by the Audit
Komite Nominasi dan Remunerasi yang masing- Committee and the Nomination and Remuneration
masing telah melaksanakan tugas dan tanggung Committee, each of which has carried out its duties
jawabnya sesuai dengan piagam komite. Dewan and responsibilities in accordance with the committee
Komisaris menilai bahwa kedua komite tersebut telah charter. The Board of Commissioners assesses that both
menjalankan perannya secara efektif sepanjang tahun committees have carried out their roles effectively
2025, sehingga ikut memperkuat kualitas pengawasan throughout 2025, thereby contributing to strengthening
dan penerapan tata kelola Perseroan. the quality of oversight and implementation of the
Company’s governance.
Dewan Komisaris menilai bahwa Komite Audit The Board of Commissioners assesses that the 21
telah menjalankan perannya secara efektif dalam Audit Committee has effectively carried out its role
mendukung fungsi pengawasan, khususnya melalui in supporting the oversight function, particularly
penelaahan laporan keuangan, pemberian rekomendasi through reviewing financial statements, providing
atas penunjukan Kantor Akuntan Publik (KAP), serta recommendations on the appointment of a
pengawasan atas pelaksanaan audit internal dan Public Accounting Firm (KAP), and overseeing the
eksternal, termasuk pemantauan tindak lanjut atas implementation of internal and external audits,
temuan audit. including monitoring follow-up on audit findings.
Penilaian positif juga diberikan kepada Komite Nominasi Positive feedback is also given to the Nomination and
dan Remunerasi khususnya dalam memastikan Remuneration Committee, particularly in ensuring
kebijakan pengelolaan sumber daya manusia pada that human resource management policies at the
tingkat Direksi dan Dewan Komisaris selaras dengan Board of Directors and Board of Commissioners levels
kepentingan jangka panjang Perseroan, serta dalam are aligned with the Company’s long-term interests,
memberikan rekomendasi remunerasi yang kompetitif, and in providing competitive, performance-based
berbasis kinerja, dan sesuai dengan praktik terbaik di remuneration recommendations in accordance with
industri. industry best practices.
Perubahan Komposisi Dewan Komisaris Changes in the Composition of the Board of
Commissioners
Komposisi Dewan Komisaris Perseroan mengalami The composition of the Company’s Board of
perubahan berdasarkan keputusan RUPS Luar Biasa Commissioners has changed based on the resolution
(RUPSLB) pada 3 September 2025, di mana pemegang of the Extraordinary General Meeting of Shareholders
saham menyetujui pengunduran diri Bapak Sunata (EGMS) on September 3, 2025, in which shareholders
Tjiterosampurno sebagai Komisaris dan mengangkat approved the resignation of Mr. Sunata Tjiterosampurno
saya, Rofikoh Rokhim sebagai Komisaris Utama/ as Commissioner and appointed me, Rofikoh Rokhim, as
Komisaris Independen. President Commissioner/Independent Commissioner.
Dewan Komisaris menyampaikan apresiasi dan The Board of Commissioners expresses its
penghargaan yang setinggi-tingginya kepada Bapak highest appreciation and gratitude to Mr. Sunata
2025 Annual Report
Sunata Tjiterosampurno atas kontribusi yang telah Tjiterosampurno for his contributions during his
diberikan selama menjalankan tugas sebagai anggota tenure as a member of the Company’s Board of
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02 LAPORAN MANAJEMEN
Laporan Tahunan 2025
Laporan Dewan Komisaris
Report from the Board of Commissioners
Dewan Komisaris Perseroan. Dengan komposisi yang Commissioners. With the new composition, the Board
baru, Dewan Komisaris berharap pelaksanaan fungsi of Commissioners hopes that the implementation of its
pengawasan dapat semakin efektif, dan sinergi dengan supervisory function will be even more effective, and
Direksi dan seluruh karyawan Perseroan dapat semakin synergy with the Board of Directors and all employees
baik lagi. of the Company will be further enhanced.
Penutup Closing
Sebagai penutup, Dewan Komisaris menyampaikan As a final point, the Board of Commissioners expresses
apresiasi yang setinggi-tingginya kepada para Pemegang its highest appreciation to the Shareholders for their
Saham atas kepercayaan yang diberikan, sehingga trust, enabling the Board of Commissioners to optimally
Dewan Komisaris dapat menjalankan fungsi pengawasan carry out its supervisory function. Appreciation is also
secara optimal. Penghargaan juga disampaikan kepada extended to the Board of Directors for their leadership
Direksi atas kepemimpinan dan eksekusi strategi yang and effective strategy execution, and to all employees
efektif, serta kepada seluruh karyawan atas dedikasi dan for their dedication and professionalism in supporting
profesionalisme dalam mendukung kinerja Perseroan the Company’s performance throughout 2025.
sepanjang tahun 2025. Apresiasi turut diberikan kepada Appreciation is also extended to all stakeholders for
seluruh pemangku kepentingan atas dukungan dan their continued support and collaboration.
kolaborasi yang berkelanjutan.
Dewan Komisaris menilai bahwa kinerja Perseroan The Board of Commissioners believes that the
sepanjang tahun 2025 telah membentuk landasan yang Company’s performance throughout 2025 has
kuat bagi pertumbuhan yang berkelanjutan. Dengan established a strong foundation for sustainable
22 menetapkan arah strategis yang tepat serta kapabilitas growth. By establishing the right strategic direction
yang terus diperkuat, Perseroan diyakini mampu and continuously strengthening its capabilities,
semakin mempertegas posisinya sebagai mitra investasi the Company is confident it will further strengthen
terpercaya sekaligus mempertahankan perannya its position as a trusted investment partner while
sebagai pelaku utama di industri pasar modal Indonesia maintaining its role as a key player in the Indonesian
melalui penyediaan layanan bernilai tambah. capital markets industry through the provision of value-
added services.
Jakarta, 27 April 2026
Jakarta, April 27, 2026
Atas nama Dewan Komisaris,
On behalf of the Board of Commissioners,
Rofikoh Rokhim
Komisaris Utama/Komisaris Independen
President Commissioner/Independent Commissioner
PT Trimegah Sekuritas Indonesia Tbk
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02 REPORT FROM THE MANAGEMENT
23
2025 Annual Report
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02 LAPORAN MANAJEMEN
Laporan Tahunan 2025
Philmon Samuel Tanuri
Direktur Utama
President Director
24
PT Trimegah Sekuritas Indonesia Tbk
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02 REPORT FROM THE MANAGEMENT
Laporan Direksi
Report from the Board of Directors
Para Pemegang Saham dan Pemangku Kepentingan Dear esteemed Shareholders and Stakeholders,
yang terhormat,
Atas nama Direksi PT Trimegah Sekuritas Indonesia On behalf of the Board of Directors of PT Trimegah
Tbk (“Perseroan”), kami menyampaikan Laporan Sekuritas Indonesia Tbk (the “Company”), we
Tahunan tahun buku 2025. Sepanjang tahun pelaporan, present our Annual Report for the 2025 financial
Perseroan berhasil mencatatkan berbagai pencapaian year. Throughout the reporting year, the Company
positif sebagai hasil strategi dan perencanaan yang successfully recorded various positive achievements as
cermat, eksekusi yang prudent dan disiplin, dan a result of careful strategy and planning, prudent and
kemampuan adaptasi terhadap dinamika lingkungan disciplined execution, and the ability to adapt to the
binis dan industri. dynamics of the business and industry environment.
Melalui laporan ini, Direksi menyampaikan gambaran Through this report, the Board of Directors provides
menyeluruh mengenai strategi dan langkah yang a comprehensive overview of the strategies and steps
diambil Perseroan, tantangan yang dihadapi, mitigasi taken by the Company, the challenges faced, the
yang diterapkan, serta komitmen pada pertumbuhan mitigations implemented, and the commitment to
sekaligus juga pada keberlanjutan Perseroan dalam growth as well as the Company’s sustainability in the
jangka panjang. long term.
Tinjauan Ekonomi Global dan Nasional, serta Review of Global and National Economic Trends,
Dinamika Pasar Modal Tahun 2025 and Capital Market Dynamics in 2025
Tahun 2025 menjadi tahun penting bagi pasar modal The year 2025 marked an important period for
Indonesia di mana optimisme investor dan dinamika Indonesia’s capital market, where investor optimism 25
global berjalan beriringan membentuk momentum and global dynamics worked together to create strong
pertumbuhan yang kuat. Momentum tersebut terbentuk growth momentum. This momentum emerged amid
di tengah meningkatnya ketegangan geopolitik global, increasing geopolitical tensions, including the escalation
termasuk eskalasi perang dagang Amerika Serikat (AS) of the U.S.–China trade war, and the fragmentation of
– Tiongkok, dan fragmentasi perdagangan internasional international trade, which triggered financial market
yang memicu volatilitas pasar keuangan serta arus volatility and influenced global capital flows.
modal global.
Fundamental pasar modal yang kokoh di tengah Strong capital market fundamentals amidst global
ketidakpastian global mendorong investor untuk uncertainty encouraged greater investor participation
semakin aktif berpartisipasi dalam pendanaan korporasi in corporate financing and various investment activities,
dan berbagai aktivitas investasi, sekaligus menegaskan reaffirming the market’s role as a strategic pillar for
peran pasar modal sebagai pilar pembiayaan strategis national economic development.
bagi ekonomi nasional.
Pertumbuhan jumlah investor menjadi salah satu One of the key achievements of Indonesia’s capital
pencapaian utama pasar modal Indonesia, seperti market was the growth in the number of investors.
tercermin pada kenaikan Single Investor Identification Single Investor Identification (SID) increased from
(SID) dari sekitar 15 juta di awal tahun menjadi lebih dari around 15 million at the beginning of the year to more
20 juta di ada akhir 2025, atau naik lebih dari 30% dari than 20 million by the end of 2025, representing a
akhir 2024. Lonjakan ini mencerminkan peningkatan rise of over 30% from the end of 2024. This surge
partisipasi investor ritel sejalan dengan berbagai reflects the growing participation of retail investors,
program edukasi dan inovasi digitalisasi investasi yang supported by financial education programs and digital
dilakukan seluruh pelaku pasar modal. Sampai akhir investment innovations implemented across market
2025, tercatat terdapat lebih dari 8,5 juta investor aktif participants. By the end of 2025, there were over 8.5
di pasar saham. Dominasi investor ritel sepanjang tahun million active stock market investors. The dominance
turut membentuk pergerakan pasar, di mana saham- of retail investors throughout the year influenced
saham berbasis momentum, khususnya yang terafiliasi market movements, where momentum-driven stocks,
dengan grup konglomerasi dengan rencana-rencana particularly those affiliated with conglomerate groups
2025 Annual Report
aksi korporasinya menjadi motor penguatan indeks; and their corporate action plans, became the key driver
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02 LAPORAN MANAJEMEN
Laporan Tahunan 2025
Laporan Direksi
Report from the Board of Directors
sedangkan sebagian saham berbasis fundamental of index gains, while fundamentally-based stocks
cenderung menunjukkan kinerja yang moderat. showed more moderate performance.
Seiring bertambahnya jumlah investor, likuiditas pasar As the number of investors grew, market liquidity in
saham Indonesia terus meningkat, yang tercermin pada Indonesia also increased, evidenced by higher trading
kenaikan volume dan nilai transaksi secara signifikan. volumes and values. Improved liquidity not only
Peningkatan likuiditas ini tidak hanya mendukung facilitated more efficient price formation but also
pembentukan harga yang lebih efisien, tetapi juga enhanced the market’s attractiveness to domestic
meningkatkan daya tarik pasar bagi investor domestik and regional investors. With a more liquid market, the
maupun regional. Sejalan dengan pasar yang semakin Jakarta Composite Index (JCI) recorded 24 all-time
likuid, sepanjang 2025 Indeks Harga Saham Gabungan highs during 2025, reaching 8,710.69 on December 8,
(IHSG) berhasil mencatat 24 kali rekor tertinggi 2025 and market capitalization surpassed Rp16,000
sepanjang sejarah dengan capaian tertinggi yaitu trillion.
8.710,69 pada 8 Desember 2025, serta kapitalisasi
pasar yang menembus Rp16.000 triliun.
Tren tersebut mencerminkan optimisme investor These trends reflect investor optimism regarding
terhadap prospek ekonomi dan pasar modal dalam domestic economic and capital market prospects.
negeri. Meskipun demikian, pasar saham tidak dapat Nonetheless, stock market performance remained
dilepaskan dari dinamika di berbagai area seperti influenced by factors such as government budgets,
anggaran pemerintah, kebijakan sektor sumber daya natural resource policies, and international trade
alam, dan isu tarif perdagangan internasional. Di tariffs. Amid these conditions, the market continued
tengah kondisi tersebut, pasar tetap dinamis bahkan to show dynamism and contributed to increased
26
ikut berkontribusi pada peningkatan volume bisnis business volumes for the Company, both as a Securities
Perseroan, baik sebagai Perantara Pedagang Efek, Brokerage, Investment Manager, Underwriter, and
Manajer Investasi, maupun Penjamin Emisi Efek dan Financial Advisor.
Financial Advisor.
Penerbitan Efek Bersifat Utang dan Sukuk (EBUS) Corporate bond and sukuk issuances reached a
korporasi sepanjang 2025 mencapai Rp209,4 triliun, record of Rp209.4 trillion in 2025, the highest level
rekor tertinggi sepanjang sejarah. Indeks Obligasi on record. Indonesia Composite Bond Index (ICBI)
Komposit Indonesia (Indonesia Composite Bond Index also recorded positive performance with double-digit
- ICBI) juga mencatatkan kinerja positif dengan return returns throughout the year, supported by lower Bank
mencapai dua digit sepanjang tahun, didukung oleh Indonesia reference rates and strong demand from
penurunan tingkat suku bunga acuan Bank Indonesia, banks and domestic institutions.
dan permintaan yang kuat dari perbankan dan institusi
domestik.
Imbal hasil Surat Berharga Negara (SBN) tenor 10 Ten-year government bond yields of 6.2%–6.4% by
tahun yang berada pada kisaran 6,2%–6,4% menjelang year-end reflected a balance between global sentiment
akhir tahun mencerminkan keseimbangan antara and domestic stability. Despite concerns about central
sentimen global dan stabilitas domestik. Meskipun bank independence and fiscal deficits, the bond
sempat dibayangi isu terkait independensi bank sentral market remained attractive, supported by a growing
dan defisit fiskal, pasar obligasi tetap menunjukkan domestic investor base. These conditions highlight high
daya tarik dengan dukungan basis investor domestik corporate interest in leveraging the capital market as
yang semakin kuat. Hal ini menunjukkan tingginya an alternative financing source to complement bank
minat korporasi dalam memanfaatkan pasar modal lending.
sebagai alternatif pembiayaan, melengkapi sumber
pembiayaan melalui perbankan.
Secara keseluruhan, sepanjang tahun 2025 pasar modal Overall, throughout 2025, Indonesia’s capital market
Indonesia telah menunjukkan kedalaman dan resiliensi demonstrated increasing depth and resilience, reflected
yang semakin baik, tercermin pada pertumbuhan in investor growth, trading liquidity, JCI performance,
jumlah investor, likuiditas perdagangan, kinerja IHSG, and heightened bond market activity. The market,
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02 REPORT FROM THE MANAGEMENT
Laporan Direksi
Report from the Board of Directors
dan meningkatnya aktivitas pasar obligasi. Pasar yang increasingly dominated by domestic retail investors,
semakin didominasi oleh investor domestik, khususnya strengthened stock market stability. This positive
ritel, turut memperkuat stabilitas pasar saham. momentum reaffirmed the capital market’s strategic
Momentum positif ini semakin menegaskan peran role as a primary source of financing for both public and
strategis pasar modal sebagai salah satu pilar utama private sectors, and as a key avenue for wealth creation
sumber pembiayaan, baik bagi sektor publik maupun among the population.
swasta, sekaligus sebagai salah satu alternatif utama
wealth creation bagi masyarakat.
Keterlibatan Direksi dalam Perumusan Strategi, Role of the Board in Strategy Formulation,
Perencanaan, dan Eksekusi Planning, and Execution
Sepanjang tahun 2025, Perseroan menjalankan strategi Throughout 2025, the Company focused its business
bisnis yang difokuskan pada tiga pilar utama, yaitu strategy on three main pillars: project-based growth
pertumbuhan berbasis proyek (Project-based Growth) through investment banking activities, enhancing
melalui aktivitas investment banking, peningkatan recurring revenue through asset and financing
pendapatan berulang melalui penguatan dana management, and digital transformation to expand the
kelolaan dan pembiayaan, serta transformasi digital retail customer base. These strategies were designed
untuk memperluas basis nasabah ritel. Strategi ini in consideration of positive domestic capital market
dirumuskan dengan mempertimbangkan kondisi pasar conditions amid global dynamics, including increasing
modal domestik yang berkembang positif di tengah retail participation and market liquidity. Strategic
dinamika global, termasuk peningkatan partisipasi policies were also aimed at balancing business growth
investor ritel dan likuiditas pasar. Kebijakan strategis with prudent risk management to provide sustainable
tersebut juga diarahkan untuk menjaga keseimbangan value for investors and maintain creditor confidence. 27
antara pertumbuhan usaha dan pengelolaan risiko
secara prudent, sehingga mampu memberikan nilai
tambah yang berkelanjutan bagi investor dan menjaga
kepercayaan kreditor.
Dalam perumusan strategi dan kebijakan strategis The Board played an active and centralized role in
tersebut, Direksi berperan secara aktif dan terpusat strategy formulation through a structured, data-driven
melalui proses perencanaan yang terstruktur dan planning process. The Board coordinated a bottom-up
berbasis data. Direksi mengoordinasikan penyusunan business plan involving all work units and subsidiaries,
rencana bisnis secara bottom-up dengan melibatkan evaluating alignment with macroeconomic conditions,
seluruh unit kerja dan entitas anak, kemudian market dynamics, and applicable regulations. This
melakukan evaluasi dan penyelarasan terhadap kondisi process ensured that strategies were not only
makroekonomi, dinamika pasar, serta ketentuan relevant but also aligned with prudence principles and
regulasi yang berlaku. Proses ini memastikan bahwa compliance with the Financial Services Authority (OJK)
setiap strategi yang ditetapkan tidak hanya relevan and Indonesia Stock Exchange regulations.
secara bisnis, tetapi juga selaras dengan prinsip kehati-
hatian dan kepatuhan terhadap ketentuan Otoritas Jasa
Keuangan dan Bursa Efek Indonesia.
2025 Annual Report
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02 LAPORAN MANAJEMEN
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Laporan Direksi
Report from the Board of Directors
Untuk memastikan implementasi strategi berjalan To ensure effective implementation, the Board applied
efektif, Direksi menerapkan mekanisme pengawasan systematic monitoring mechanisms through daily and
yang sistematis melalui pemantauan kinerja secara monthly performance reviews supported by integrated
berkala, baik harian maupun bulanan, dengan management reporting systems. Regular coordination
dukungan sistem pelaporan manajemen yang with business units, subsidiaries, and Board committees
terintegrasi. Direksi juga secara rutin melakukan evaluated performance achievements and identified
koordinasi dengan unit bisnis, anak usaha, serta areas for improvement. This approach enabled
komite-komite di bawah Direksi untuk mengevaluasi responsive decision-making and ensured strategic
capaian kinerja dan mengidentifikasi area perbaikan. initiatives were executed as planned.
Pendekatan ini memungkinkan pengambilan keputusan
yang responsif terhadap perubahan kondisi pasar,
sekaligus memastikan bahwa seluruh inisiatif strategis
dilaksanakan sesuai dengan rencana yang telah ditetapkan.
Kinerja Bisnis Tahun 2025 Business Performance in 2025
Implementasi strategi berbasis tiga pilar utama, yaitu Implementation of the three strategic pillars—project-
pertumbuhan berbasis proyek, penguatan pendapatan based growth, strengthening recurring revenue,
berulang, serta transformasi digital secara langsung and digital transformation—directly contributed to
tercermin pada peningkatan kinerja di seluruh lini improved performance across all business lines.
usaha.
Dari sisi pertumbuhan berbasis proyek, kinerja kegiatan In project-based growth, underwriting activities
28 penjaminan emisi menunjukkan peningkatan yang increased significantly. Corporate bond underwriting
signifikan. Dalam penjaminan emisi surat utang, reached Rp29.2 trillion, a growth of over 70% from
Perseroan membukukan nilai transaksi sebesar Rp29,2 the previous year, ranking the Company second in
triliun, meningkat lebih dari 70% dibandingkan the industry. Meanwhile, for equity underwriting, the
tahun sebelumnya, serta menempatkan Perseroan Company achieved first in the league table ranking
pada posisi teratas kedua di industri. Sementara itu, by completing six IPOs totaling approximately
dalam penjaminan emisi ekuitas, Perseroan berhasil Rp4.8 trillion, with a 29% market share. A highlight
menempati posisi teratas dengan menyelesaikan was the IPO of PT Super Bank Indonesia Tbk, which
enam transaksi IPO dengan total nilai emisi sekitar received exceptionally high demand. This performance
Rp4,8 triliun dan pangsa pasar sekitar 29%. Salah demonstrated the Company’s ability to generate
satu indikator kuat atas kualitas kinerja ini adalah substantial fee-based income and strengthen its
keberhasilan transaksi IPO PT Super Bank Indonesia Tbk competitive position.
yang mencatat tingkat permintaan yang sangat tinggi.
Kinerja tersebut menunjukkan kemampuan Perseroan
dalam menghasilkan fee-based income secara signifikan
serta memperkuat posisi kompetitif di industri.
Pada pilar pendapatan berulang, kinerja Perseroan Recurring revenue also showed substantial growth.
juga menunjukkan pertumbuhan yang substansial. Assets under management increased from Rp33 trillion
Dana kelolaan meningkat dari Rp33 triliun pada akhir at the end of 2024 to Rp58.4 trillion by the end of
2024 menjadi Rp58,4 triliun pada akhir 2025, atau 2025, a 77% rise. This reflects success in attracting
tumbuh sekitar 77%. Peningkatan ini mencerminkan new funds and maintaining investor trust in investment
keberhasilan dalam menarik dana baru serta management quality. Financing activities also
mempertahankan kepercayaan investor terhadap contributed to revenue growth while maintaining asset
kualitas pengelolaan investasi. Selain itu, aktivitas quality through prudent principles. This combination
pembiayaan turut memberikan kontribusi terhadap created a more stable and sustainable revenue
peningkatan pendapatan dengan tetap menjaga structure, an important consideration for creditors.
kualitas aset melalui penerapan prinsip kehati-hatian.
Kombinasi ini menghasilkan struktur pendapatan yang
lebih stabil dan berkelanjutan, yang menjadi perhatian
penting bagi kreditor dalam menilai kemampuan
Perseroan dalam memenuhi kewajiban keuangan.
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02 REPORT FROM THE MANAGEMENT
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Kinerja pada bisnis brokerage juga menunjukkan Brokerage business performance improved consistently.
peningkatan yang konsisten. Nilai transaksi harian rata- Average daily trading value (ADTV) increased from
rata (ADTV) meningkat dari Rp763 miliar pada tahun Rp763 billion in 2024 to Rp966 billion in 2025, a growth
2024 menjadi Rp966 miliar pada tahun 2025, atau of over 25%, driven by digital platform transactions and
tumbuh lebih dari 25%. Pertumbuhan ini didorong higher retail investor participation on the Indonesia
oleh peningkatan transaksi melalui platform digital Stock Exchange. The increase in active clients and
serta meningkatnya partisipasi investor ritel di Bursa transaction volume demonstrated the success of the
Efek Indonesia. Selain itu, peningkatan jumlah nasabah digital strategy in scaling the business efficiently.
aktif dan volume transaksi mencerminkan keberhasilan
strategi digital dalam meningkatkan skala bisnis secara
efisien.
Secara keseluruhan, implementasi strategi tersebut Overall, these strategic initiatives resulted in financial
menghasilkan kinerja keuangan yang melampaui performance exceeding targets. Operating revenue
target yang telah ditetapkan. Pendapatan usaha reached Rp1.68 trillion (198.6% of target), and net
mencapai Rp1,68 triliun atau sebesar 198,6% dari profit was Rp593.54 billion (276.4% of target). These
target, sementara laba tahun berjalan mencapai achievements show the Company’s ability to capture
Rp593,54 miliar atau 276,4% dari target. Pencapaian market opportunities and execute strategies effectively
ini menunjukkan bahwa Perseroan tidak hanya mampu and efficiently.
menangkap peluang pasar, tetapi juga mengeksekusi
strategi secara efektif dan efisien.
29
Tantangan Usaha dan Mitigasi Risiko Business Challenges and Risk Mitigation
Meskipun hasil kinerja Perseroan di tahun 2025 sangat Despite strong 2025 performance, the Company faced
baik, dalam pelaksanaan kegiatan usaha, Perseroan challenges from both external and internal factors.
menghadapi sejumlah kendala yang berasal baik dari Externally, global uncertainties due to geopolitical
faktor eksternal maupun internal. Dari sisi eksternal, tensions and monetary policy fluctuations affected
ketidakpastian global akibat ketegangan geopolitik dan investor behavior, particularly foreign investors, who
fluktuasi kebijakan moneter mempengaruhi perilaku became more selective. Rising global geopolitical
investor, khususnya investor asing, yang cenderung uncertainty influenced foreign funds in the Indonesian
bersikap lebih selektif. Meningkatnya ketidakpastian market, prompting a “wait-and-see” approach. In
geopolitik global cukup berdampak pada perilaku the bond market, uncertain interest rate directions in
dana asing di pasar modal Indonesia dan mendorong the first half of 2025 challenged market participants.
sikap wait and see di kalangan investor. Pada bisnis However, improved liquidity in the second half,
Surat Utang, ketidakpastian arah tingkat suku bunga supported by government capital injections into banks,
acuan pada paruh pertama tahun 2025 menjadi created positive momentum for the bond market
tantangan bagi pelaku surat pasar surat utang. Namun and supported the Company’s Fixed Income Market
demikian, membaiknya likuiditas pada paruh kedua performance.
2025, didukung oleh injeksi dana pemerintah ke sektor
perbankan menciptakan momentum positif bagi pasar
surat utang dan membantu mendukung kinerja bisnis
Fixed Income Market Perseroan.
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Selain itu, meningkatnya persaingan di industri On the other hand, the increasing competition in the
jasa keuangan, terutama dengan kehadiran pelaku financial services industry, especially from digital-based
berbasis digital, menuntut Perseroan untuk terus financial services required the Company to continuously
meningkatkan kualitas layanan, serta mengoptimalkan enhance service quality and optimize digital platform
kapabilitas platform digital guna menjaga daya saing capabilities to maintain competitiveness and customer
dan loyalitas nasabah dalam jangka panjang. Dari loyalty. Internally, increased reliance on technology
sisi internal, peningkatan aktivitas berbasis teknologi heightened operational risks, particularly in system
juga membawa konsekuensi meningkatnya risiko security and data protection. The Company mitigated
operasional, khususnya terkait keamanan sistem dan these risks by strengthening IT infrastructure, improving
perlindungan data. Untuk mengatasi kendala tersebut, service quality, and developing human resources.
Perseroan melakukan berbagai langkah mitigasi,
antara lain melalui penguatan infrastruktur teknologi,
peningkatan kualitas layanan, serta pengembangan
sumber daya manusia.
Sejalan dengan semakin besarnya peran kanal With the growing role of digital channels, operational
digital dalam bisnis Perseroan, risiko operasional risks, especially cybersecurity threats, increased.
juga meningkat. Ketergantungan pada sistem dan Reliance on online trading systems and applications
aplikasi online trading meningkatkan risiko keamanan increases cybersecurity risks (cybercrime), potentially
siber (cybercrime) yang berpotensi berdampak impacting operational disruptions. This situation
pada gangguan operasional. Kondisi ini menuntut demands higher standards of information technology
30 pengelolaan risiko teknologi informasi dengan standar risk management to maintain the security of
yang lebih tinggi guna menjaga keamanan transaksi dan transactions and customer data.
data nasabah.
Dalam rangka memitigasi risiko tersebut, Perseroan To mitigate these risks, the Company continuously
secara terus-menerus memperkuat kapabilitas TI strengthens its IT capabilities by recruiting personnel
melalui perekrutan personel dengan keahlian yang lebih with more advanced expertise in digital system and
advanced di bidang keamanan sistem dan infrastruktur infrastructure security. Furthermore, the Company
digital. Selain itu, Perseroan juga meningkatkan sistem is enhancing its internal security systems, including
pengamanan internal, termasuk juga SOP, serta standard operating procedures (SOPs), and providing
memberikan edukasi kepada nasabah terkait keamanan education to customers regarding transaction security.
transaksi.
Prospek Usaha Tahun 2026 2026 Business Outlook
Memasuki tahun 2026, Perseroan memandang prospek Looking into 2026, the Company views its business
usaha tetap menjanjikan, meskipun dinamika geopolitik prospects as promising, though global geopolitical
global, volatilitas pasar, dan fluktuasi tingkat suku dynamics, market volatility, and interest rate
bunga tetap menjadi faktor yang harus diantisipasi. fluctuations remain factors to anticipate. Growth
Pertumbuhan jumlah investor, terutama investor ritel, in the number of active, financially literate retail
yang semakin aktif dan teredukasi, menjadi faktor investors is a key driver of market liquidity and
pendorong utama likuiditas pasar dan volume transaksi. transaction volume. Digitalization trends continue
Tren digitalisasi transaksi yang terus berkembang to support business expansion, strengthen the
mendukung ekspansi bisnis Perseroan, memperkuat customer base, and improve operational efficiency.
basis nasabah, dan meningkatkan efisiensi operasional.
Untuk lini bisnis Penjaminan Emisi Saham, Perseroan For Equity Underwriting, the Company expects
memperkirakan pertumbuhan relatif stabil, meski relatively stable growth, although still overshadowed by
masih dibayangi oleh kondisi perekonomian, dan minat economic conditions and investor interest. Meanwhile,
investor. Sementara itu, Penjaminan Emisi Surat Utang Debt Underwriting is projected to remain promising,
diproyeksikan tetap prospektif, terutama pada sektor- particularly in growing sectors that require additional
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02 REPORT FROM THE MANAGEMENT
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sektor yang sedang tumbuh sehingga memerlukan working capital or capital expenditure, as well as issuers
penambahan modal kerja (working capital) atau requiring refinancing, in line with increasing corporate
pengeluaran modal (capital expenditures) serta emiten- interest in utilizing the capital markets as an alternative
emiten yang memerlukan refinancing, sejalan dengan financing option.
meningkatnya minat korporasi memanfaatkan pasar
modal sebagai alternatif pembiayaan.
Pada sisi Fixed Income Market dan Manajer Investasi, Fixed Income Market and Asset Management are seen
Perseroan memandang lini ini sebagai sumber recurring as strategic sources of recurring income, supported
income yang strategis, didukung oleh meningkatnya by investor awareness of portfolio diversification and
kesadaran investor terhadap diversifikasi portofolio dan fixed-income instruments. Favorable macroeconomic
instrumen pendapatan tetap. Kondisi makroekonomi conditions, improved financial sector liquidity, and
yang relatif kondusif, likuiditas sektor keuangan lower BI rates support sustainable growth in these
yang membaik, serta penurunan BI Rate mendukung business lines. With the increasing level of retail investor
pertumbuhan berkelanjutan dari lini bisnis ini. Dengan literacy regarding capital market investments, including
berkembangnya literasi nasabah ritel terhadap investasi fixed income products, the Company’s management
di pasar modal, termasuk produk-produk fixed income, leveraged this opportunity by developing the Trima+
peluang ini dimanfaatkan oleh manajemen Perseroan platform for fixed income products both in the primary
dengan mengembangkan platform Trima+ untuk and secondary markets.
produk fixed income Perseroan baik di pasar perdana
maupun pasar sekunder.
Perseroan menyadari potensi risiko yang berasal dari The Company remains mindful of external risks, 31
faktor eksternal, termasuk volatilitas pasar akibat including market volatility, inflationary pressures, and
ketidakpastian geopolitik, tekanan inflasi, dan kenaikan global interest rate hikes. Risk management is a priority
suku bunga global. Oleh karena itu, pengelolaan across all strategies to ensure preparedness for diverse
risiko menjadi prioritas dalam seluruh strategi bisnis, market scenarios. With a strong foundation, structured
memastikan kesiapan Perseroan dalam menghadapi organizational capabilities, and selective transaction
skenario pasar yang beragam. Dengan fondasi yang pipelines, the Company is confident in maintaining
kuat, kapabilitas organisasi yang terstruktur, dan stable and sustainable performance while delivering
pipeline transaksi yang selektif, Perseroan optimis dapat value to stakeholders.
mempertahankan kinerja yang stabil dan berkelanjutan,
serta memberikan nilai tambah bagi seluruh pemangku
kepentingan.
Komitmen terhadap Penerapan Tata Kelola Commitment to Good Corporate Governance
Perusahaan yang Baik Implementation
Perseroan menempatkan prinsip tata kelola sebagai The Company places Good Corporate Governance
landasan utama dalam seluruh aktivitas usaha dan (GCG) as the foundation for all business activities and
pengambilan keputusan. Direksi menekankan bahwa decision-making. The Board emphasizes that GCG is not
tata kelola bukan hanya kewajiban kepatuhan, tetapi just a compliance obligation but a strategy to maintain
juga merupakan strategi untuk menjaga integritas, integrity, enhance accountability, and ensure long-term
meningkatkan akuntabilitas, dan memastikan business sustainability.
keberlangsungan usaha dalam jangka panjang.
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Dalam praktiknya, kegiatan Perseroan dilaksanakan In practice, activities comply with applicable regulations,
sesuai dengan regulasi yang berlaku, termasuk including OJK, the Indonesia Stock Exchange, and recent
ketentuan Otoritas Jasa Keuangan, Bursa Efek Indonesia, rules such as POJK No. 13 of 2025 regarding Internal
serta peraturan terbaru seperti POJK No. 13 Tahun 2025 Control and Securities Company Conduct. Compliance
tentang Pengendalian Internal dan Perilaku Perusahaan functions are strengthened through reviews and
Efek. Selain itu, fungsi kepatuhan terus diperkuat melalui adjustments to new regulations, particularly on internal
pelaksanaan compliance review dan penyesuaian control and market conduct.
terhadap regulasi terbaru, termasuk ketentuan terkait
pengendalian internal dan pengelolaan efek di pasar
modal.
Direksi juga secara aktif memastikan bahwa budaya The Board actively ensures a compliance culture across
kepatuhan tertanam di seluruh lini organisasi melalui the organization via training and human resource
program pelatihan dan peningkatan kapasitas sumber capacity building. Coordination with regulators and
daya manusia. Koordinasi dengan regulator dan stakeholders is continuous to ensure adherence to
pemangku kepentingan lainnya dilakukan secara evolving policies and industry best practices.
berkelanjutan untuk memastikan bahwa Perseroan
selalu mengikuti perkembangan kebijakan dan praktik
terbaik di industri.
Selain itu, Perseroan menekankan penguatan sumber In addition, the Company emphasizes strengthening
daya manusia, melalui pelatihan reguler, refreshment human resources through regular training, regulatory
32 regulasi, dan pengembangan profesionalisme. Direksi refresher courses, and professional development. The
juga memfasilitasi koordinasi lintas fungsi, khususnya Board of Directors also facilitates cross-functional
terkait perlindungan data pribadi dan keamanan sistem coordination, particularly regarding personal data
informasi nasabah. protection and customer information system security.
Dengan penerapan tata kelola yang sistematis dan Through systematic and comprehensive GCG
komprehensif, Perseroan mampu menjaga kepercayaan implementation, the Company maintains investor,
nasabah, mitra kerja, dan regulator, memperkuat partner, and regulator trust, reinforces market
stabilitas dan integritas pasar, serta memastikan integrity, and ensures prudent and transparent business
keberlanjutan usaha yang prudent dan transparan. continuity.
Penutup Closing
Secara keseluruhan, Direksi menilai bahwa Perseroan Overall, the Board of Directors assesses that the
telah menunjukkan kinerja yang solid sepanjang tahun Company has demonstrated solid performance
2025, dengan strategi yang terarah, implementasi yang throughout 2025, with a well-directed strategy, effective
efektif, serta pengelolaan risiko yang memadai. Dengan implementation, and adequate risk management.
dukungan kondisi pasar yang kondusif dan penerapan Supported by favorable market conditions and sound
tata kelola yang baik, Perseroan berada dalam posisi governance, the Company is in a strong position to
yang kuat untuk melanjutkan pertumbuhan secara continue sustainable growth and create added value for
berkelanjutan dan menciptakan nilai tambah bagi all stakeholders.
seluruh pemangku kepentingan.
Menutup laporan ini, Direksi menyampaikan To conclude, the Board of Directors expresses its
penghargaan dan terima kasih yang setinggi-tingginya deepest appreciation and gratitude to the Board of
kepada Dewan Komisaris, para pemegang saham, dan Commissioners, shareholders, and all customers for
seluruh nasabah atas kepercayaan dan dukungan yang their continued trust and support. This trust serves
senantiasa diberikan kepada Perseroan. Kepercayaan as a crucial foundation for the Company’s continued
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02 REPORT FROM THE MANAGEMENT
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Report from the Board of Directors
tersebut menjadi fondasi penting bagi Perseroan sustainable growth amidst complex market dynamics,
untuk terus bertumbuh secara berkelanjutan di while enabling it to achieve excellent performance
tengah dinamika pasar yang kompleks, sekaligus throughout 2025.
memungkinkan pencapaian kinerja yang sangat baik
sepanjang tahun 2025.
Direksi juga menyampaikan apresiasi kepada regulator The Board of Directors also expressed its appreciation to
atas arahannya kepada Perseroan, dan kepada seluruh the regulators for their guidance to the Company, and
pemangku kepentingan atas dukungan dan kerja to all stakeholders for their support and constructive
sama yang terjalin secara konstruktif dan harmonis. and harmonious cooperation. This strong synergy is a
Sinergi yang kuat ini menjadi faktor penting dalam crucial factor in maintaining the Company’s stability,
menjaga stabilitas, integritas, serta reputasi Perseroan integrity, and reputation in the capital markets industry.
di industri pasar modal. Ucapan terima kasih kami We extend our gratitude to all employees for their
sampaikan kepada seluruh karyawan atas dedikasi, dedication, professionalism, and strong commitment
profesionalisme, dan komitmen tinggi yang ditunjukkan to realizing the Company’s vision, “Educate and
dalam mewujudkan visi Perseroan, yaitu “Educate and create wealth for the community through unique and
create wealth for the community through unique and professional investment experiences.”
professional investment experience.”
Memasuki tahun 2026, Direksi berkomitmen untuk Entering 2026, the Board of Directors is committed to
terus memperkuat kapabilitas organisasi, meningkatkan strengthening organizational capabilities, enhancing
kualitas pengalaman nasabah, serta mendorong inovasi client experience, and driving sustainable innovation.
yang berkelanjutan. Dengan fondasi yang semakin With a robust foundation, prudent governance, and 33
kokoh, tata kelola yang prudent, serta kolaborasi yang solid collaboration across all units, the Company is
solid di seluruh lini, Perseroan optimis dapat terus optimistic about maintaining its position as a trusted
mempertegas posisinya sebagai mitra investasi yang investment partner and delivering sustainable value for
tepercaya dan konsisten dalam menciptakan nilai stakeholders.
tambah yang berkelanjutan bagi seluruh pemangku
kepentingan.
Jakarta, 27 April 2026
Jakarta, April 27, 2026
Atas nama Direksi,
On behalf of the Board of Directors,
Philmon Samuel Tanuri
Direktur Utama
President Director
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Pernyataan Manajemen atas Laporan Tahunan 2025
Management’s Statement for the 2025 Annual Report
Surat Pernyataan Anggota Dewan Komisaris dan Direksi tentang Tanggung Jawab atas
Laporan Tahunan Tahun 2025 PT Trimegah Sekuritas Indonesia Tbk
Statement Letter of the Board of Commissioners and the Board of Directors regarding the
Responsibility of the 2025 Annual Report of PT Trimegah Sekuritas Indonesia Tbk
Kami yang bertanda tangan di bawah ini menyatakan We, the undersigned below, declare that all
bahwa semua informasi dalam Laporan Tahunan information contained in the Annual Report 2025
PT Trimegah Sekuritas Indonesia Tbk Tahun 2025 of PT Trimegah Sekuritas Indonesia Tbk is complete
telah dimuat secara lengkap dan bertanggung and take full responsibility for the validity of the
jawab penuh atas kebenaran isi Laporan Tahunan Company’s Annual Report.
Perusahaan.
Demikian pernyataan ini dibuat dengan sebenarnya. This statement is made truthfully.
Jakarta, 27 April 2026 Jakarta, April 27, 2026
34
Dewan Komisaris
The Board of Commissioners
Komisaris Utama/Komisaris Independen Komisaris Independen
President Commissioner/Independent Commissioner Independent Commissioner
Rofikoh Rokhim Edy Sugito
Direksi
The Board of Directors
Direktur Utama Direktur Direktur
President Director Director Director
Philmon Samuel Tanuri David Agus Anung Rony Hascaryo
PT Trimegah Sekuritas Indonesia Tbk
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02 REPORT FROM THE MANAGEMENT
35
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
36
03
Setting
the Pace
Profil Perusahaan
Company Profile
PT Trimegah Sekuritas Indonesia Tbk
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03 COMPANY PROFILE
37
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Sekilas tentang Trimegah
Trimegah at a Glance
38
PT Trimegah Sekuritas Indonesia Tbk (“Perseroan”) PT Trimegah Sekuritas Indonesia Tbk (the “Company”)
didirikan pada tanggal 9 Mei tahun 1990 dengan nama was established on May 9, 1990 under the name PT
PT Trimulya Securindolestari berdasarkan Akta No. 64 Trimulya Securindolestari based on Deed No. 64
tanggal 9 Mei 1990, yang kemudian berubah menjadi dated May 9, 1990, which subsequently changed to
PT Trimegah Securindolestari pada tanggal 28 Mei 1990 PT Trimegah Securindolestari on May 28, 1990 based
berdasarkan Akta No. 227 tanggal 28 Mei 1990. Kedua on Deed No. 227 dated May 28, 1990. The deeds
akta tersebut dibuat di hadapan Rachmat Santoso, SH, were made before Rachmat Santoso, SH, Notary in
Notaris di Jakarta, dan telah diumumkan dalam Berita Jakarta, and have been announced in State Gazette
Negara Republik Indonesia No. 80 tanggal 5 Oktober of the Republic of Indonesia No. 80 dated October
1990, Tambahan No. 3832. Perseroan memperoleh izin 5, 1990, Supplement No. 3832. The Company earned
usaha sebagai Perantara Pedagang Efek dan Penjamin Broker-Dealer License and Underwriter License
Emisi Efek dari Badan Pengawas Pasar Modal (sekarang from Capital Market Supervisory Agency (now the
Otoritas Jasa Keuangan) pada tahun 1992 dan 1993. Financial Services Authority) in 1992 and 1993.
Pada tanggal 12 Oktober 1999, Perseroan mengubah On October 12, 1999, the Company changed its name
nama menjadi PT Trimegah Securities Tbk berdasarkan to PT Trimegah Securities Tbk based on Deed No. 17
Akta No. 17 tanggal 12 Oktober 1999 yang dibuat di dated October 12, 1999 which was made before Fathiah
hadapan Fathiah Helmi, SH, Notaris di Jakarta, dan Helmi, SH, Notary in Jakarta, and has been announced
telah diumumkan dalam Berita Negara Republik in State Gazette of the Republic of Indonesia No. 9
Indonesia No. 9 tanggal 1 Februari 2000, Tambahan dated February 1, 2000, Supplement No. 522. On
No. 522. Pada tanggal 31 Januari 2000 Perseroan January 31, 2000, the Company listed its shares on
mencatatkan sahamnya di Bursa Efek Jakarta (sekarang the Jakarta Stock Exchange (now the Indonesia Stock
Bursa Efek Indonesia) dengan kode saham “TRIM”. Exchange) with the stock code “TRIM”.
PT Trimegah Sekuritas Indonesia Tbk
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03 COMPANY PROFILE
Sekilas tentang Trimegah
Trimegah at a Glance
Pada tanggal 31 Januari 2011, PT Trimegah Asset On January 31, 2011, PT Trimegah Asset Management,
Management yang merupakan anak perusahaan which is a subsidiary of the Company, earned business
Perseroan, memperoleh izin usaha Perusahaan Efek yang license as Investment Management Company. PT
melakukan kegiatan usaha sebagai Manajer Investasi. Trimegah Asset Management provides a variety of
PT Trimegah Asset Management menyediakan berbagai equity, balanced, fixed income and money market
jenis reksa dana saham, campuran, pendapatan tetap, funds tailored to the needs of corporate clients,
dan pasar uang sesuai dengan kebutuhan nasabah financial institutions, and pension funds.
korporasi, lembaga keuangan, dan dana pensiun.
Untuk memenuhi ketentuan Peraturan Otoritas Jasa To comply with the Financial Services Authority
Keuangan No. 20/POJK.04/2016 tentang Perizinan Regulation No. 20/POJK.04/2016 on the Licensing
Perusahaan Efek yang Melakukan Kegiatan Usaha of Securities Companies that Undertake Business
sebagai Penjamin Emisi Efek dan Perantara Pedagang Activities as Underwriters and Broker-Dealers, effective
Efek, efektif per tanggal 29 Juli 2016, Perseroan as of July 29, 2016, the Company changed its name to
melakukan perubahan nama menjadi PT Trimegah PT Trimegah Sekuritas Indonesia Tbk based on Deed
Sekuritas Indonesia Tbk berdasarkan Akta No. 70 No. 70 dated June 20, 2016 made before Fathiah
tanggal 20 Juni 2016 yang dibuat di hadapan Fathiah Helmi, SH, Notary in Jakarta.
Helmi, SH, Notaris di Jakarta.
Divisi Equity Trading menyediakan layanan penjualan The Equity Trading Division offers equity sales services in
saham di pasar perdana dan perantara pedagang saham the primary market and equity brokerage services in the
di pasar sekunder bagi nasabah ritel maupun institusi. secondary market to retail and institutional clients. The
Divisi Fixed Income Trading menyediakan layanan Fixed Income Trading Division provides sales services 39
penjualan efek pendapatan tetap di pasar perdana for fixed income securities in the primary market
dan perantara perdagangan efek pendapatan tetap di and brokerage services for fixed income securities in
pasar sekunder seperti Surat Utang Negara, obligasi the secondary market, including Government Bonds,
korporasi, Obligasi Negara Ritel, Savings Bond Ritel, corporate bonds, Retail Government Bonds, Retail
Sukuk Ritel, dan Sukuk Tabungan. Divisi Investment Saving Bonds, Retail Sukuk, and Savings Sukuk. The
Banking menyediakan jasa penjaminan emisi saham Investment Banking Division provides equity and bond
dan obligasi jasa penasihat keuangan termasuk merger underwriting services, as well as financial advisory
& acquisition, divestment, valuation, due diligence, services, including merger & acquisition, tender offer,
corporate restructuring and financing, dan arranger. corporate restructuring, and serves as an arranger.
Mulai bulan April 2014, Perseroan juga melakukan Starting April 2014, the Company also conducts
kegiatan sebagai Agen Penjual Efek Reksa Dana bagi activities as a Mutual Funds Selling Agent for retail
nasabah ritel. Untuk melengkapi layanan tersebut, clients. To complete the services, the Company also
Perseroan juga menyediakan fasilitas transaksi online provides an online transaction facility for retail clients
bagi nasabah ritel untuk berinvestasi di saham dan to invest in equity and mutual funds. On December 6,
reksa dana. Pada tanggal 6 Desember 2017, Perseroan 2017, the Company earned Approval for Other Activity
memperoleh Persetujuan Kegiatan Lain Perusahaan of Securities Company as Arranger, and Approval for
Efek sebagai Arranger, dan Persetujuan Kegiatan Lain Other Activity of Securities Company as Financial
Perusahaan Efek sebagai Penasihat Keuangan pada Advisor on September 21, 2018.
tanggal 21 September 2018.
PT Trimegah Sekuritas Indonesia Tbk adalah PT Trimegah Sekuritas Indonesia Tbk is a Securities
Perusahaan Sekuritas Anggota Bursa Efek Indonesia. Company Member of the Indonesia Stock Exchange.
PT Trimegah Sekuritas Indonesia Tbk dan PT Trimegah PT Trimegah Sekuritas Indonesia Tbk and PT Trimegah
Asset Management telah memiliki izin usaha, terdaftar Asset Management are licensed, registered and
dan diawasi oleh Otoritas Jasa Keuangan. supervised by the Financial Services Authority.
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03 PROFIL PERUSAHAAN
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Identitas Perusahaan
Corporate Identity
Nama Perusahaan
Company Name
PT Trimegah Sekuritas Indonesia Tbk
Alamat Kantor Pusat Kegiatan Usaha Berdasarkan Anggaran Dasar Terakhir
Head Office Address Business Activities According to the Latest Articles of Association
Gedung Artha Graha Lantai 18, 19, & 20 • Perantara Pedagang Efek: Saham dan Pendapatan Tetap
Jl. Jend. Sudirman Kav. 52-53 Broker-Dealer: Equity and Fixed Income
Jakarta 12190, Indonesia • Penjamin Emisi Efek
Underwriter
Artha Graha Building 18th, 19th, & 20th Floor • Agen Penjual Efek Reksa Dana
Jl. Jend. Sudirman Kav. 52-53 Mutual Funds Selling Agent
Jakarta 12190, Indonesia • Penasehat Keuangan
Financial Advisor
+62-21 2924 9088 • Arranger
investor.relations@trimegah.com Arranger
www.trimegah.com
40
Modal Dasar Modal Ditempatkan dan Disetor
Authorized Capital Issued and Fully Paid Capital
Rp680.000.000.000 Rp355.465.000.000
Jumlah Saham Kepemilikan Saham per 31 Desember 2025
Number of Shares Ownership Structure as of December 31, 2025
7.109.300.000 Garibaldi Thohir* | 35,81%
Philmon Samuel Tanuri** | 7,86%
lembar saham PT Union Sampoerna | 5,81%
shares David Agus** | 0,25%
Publik*** | 50,27%
*) Total kepemilikan saham oleh Garibaldi Thohir di Perseroan adalah sebesar
35,81% yang terdiri atas 34,68% kepemilikan langsung dan 1,13% kepemilikan
Harga Nominal Saham tidak langsung melalui perusahaan terafiliasi.
Total share ownership by Garibaldi Thohir in the Company is 35.81%, which
Nominal Value of Shares consists of 34.68% direct ownership, and 1.13% indirect ownership through an
50
affiliated company.
**) Anggota Direksi
per saham Members of the Board of Directors
per share ***) Masing-masing kurang dari 5% kepemilikan
Each below 5% ownership
PT Trimegah Sekuritas Indonesia Tbk
Page 41
03 COMPANY PROFILE
Pencatatan Saham
Stock Exchange Listing
Bursa Efek Indonesia (BEI - sebelumnya Bursa Efek Jakarta)
pada 31 Januari 2000
The Indonesia Stock Exchange
(IDX - previously the Jakarta Stock Exchange)
on January 31, 2000
Kode Saham
Stock Code Bloomberg
TRIM TRIM IJ Equity
Peringkat Perusahaan
Corporate Rating
idA (single A) dari PT Pemeringkat Efek Indonesia (PEFINDO)
idA (single A) from PT Pemeringkat Efek Indonesia (PEFINDO)
41
Izin Usaha Jumlah Karyawan
Business License Total Employees
• Izin Usaha Perantara Pedagang Efek 288
No. KEP-252/PM/1992, tanggal 2 Mei 1992. (Hanya perusahaan induk, tidak termasuk Direksi,
Broker-Dealer License No. KEP-252/PM/1992, Dewan Komisaris, Komite Audit, dan karyawan
dated May 2, 1992. dengan status magang)
• Izin Usaha Penjamin Emisi Efek No. KEP-27/PM/1993, (Parent company only, excluding the Board of
tanggal 18 September 1993. Directors, the Board of Commissioners, the Audit
Underwriter License No. KEP-27/PM/1993, Committee, and employees with intern status)
dated September 18, 1993.
• Persetujuan Kegiatan Lain Perusahaan Efek sebagai Jumlah Kantor Cabang
Arranger No. S-940/PM.21/2017, tanggal 6 Desember 2017. Total Branch Office
Approval for Securities Company Other Business Activity as
Arranger No. S-940/PM.21/2017, dated December 6, 2017. 11 kantor cabang
branch offices
• Persetujuan Kegiatan Lain Perusahaan Efek sebagai di Jakarta, Tangerang Selatan, Medan, Bandung,
Penasihat Keuangan No. S-1107/PM.21/2018, Cirebon, Semarang, Surabaya, Denpasar, Solo,
tanggal 21 September 2018. Makassar.
Approval for Securities Company Other Business Activity as in Jakarta, South Tangerang, Medan, Bandung,
Financial Advisor No. S-1107/PM.21/2018, dated Cirebon, Semarang, Surabaya, Denpasar, Solo,
September 21, 2018. Makassar.
Pelayanan Nasabah
Customer Care
+62-21 2924 9000
callcenter@trimegah.com
2025 Annual Report
www.trimegah.com
ON OUR PACE, RUNNING FURTHER
Page 42
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Misi, Visi, & Nilai-nilai Perusahaan
Mission, Vision, & Corporate Values
Misi
Mission
Educate and create wealth for
the community through unique
and professional investment
experience.
Visi
Vision
Be the most preferred
42
destination for financial services
in the region.
Slogan
Tagline
Specialist Investment Partner
Misi dan Visi Perseroan telah ditinjau ulang secara The Company’s Mission and Vision have regularly
berkala disesuaikan dengan perkembangan bisnis, been reviewed to be in line with business
dan disetujui oleh Direksi. development, and approved by the Board of
Directors.
PT Trimegah Sekuritas Indonesia Tbk
Page 43
03 COMPANY PROFILE
Misi, Visi, & Nilai-nilai Perusahaan
Mission, Vision, & Corporate Values
Nilai-nilai Perusahaan
Corporate Values
Integrity
Zero-tolerance policy for issues of integrity
Client-first
Consistent mindset to prioritize client’s needs over our own
Excellence
Commitment to delivering the highest quality product in all we do
Fairness
Give credit where it is due, own up to mistakes, think of others
43
Creativity
Creativity creates advantage; have courage to speak out
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 44
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Produk dan Layanan
Products and Services
Sesuai dengan Pasal 3 Anggaran Dasar PT Trimegah In accordance with Article 3 of the Articles of
Sekuritas Indonesia Tbk (“Perseroan”) yang tercantum Association PT Trimegah Sekuritas Indonesia Tbk (“the
dalam Akta Pernyataan Keputusan Rapat Perubahan Company”) as stated in the Deed of Statement of
Anggaran Dasar Perseroan No. 146 tanggal 28 Juni Resolutions of the Extraordinary General Meeting of
2023, maksud dan tujuan Perseroan adalah melakukan Shareholders of the Company No. 146 dated June 28,
usaha selaku Perusahaan Efek. Untuk mencapai maksud 2023, the purposes and objectives of the Company
dan tujuan tersebut diatas, Perseroan melaksanakan are to do business as a Securities Company. To achieve
kegiatan usaha utama sebagai berikut: the purposes and objectives as mentioned above,
the Company may carry out the following business
activities:
• Kegiatan usaha sebagai Penjamin Emisi Efek dapat • Business activities as an Underwriter may carry out
menjalankan kegiatan utama yaitu: the following main business activities:
1) Penjaminan Emisi Efek; dan 1) Securities Underwriting; and
2) Kegiatan lain yang berkaitan dengan aksi 2) Other activities related to corporate actions
korporasi dari Perusahaan yang akan atau of the Company that will or has made a
telah melakukan Penawaran Umum, seperti Public Offering, such as providing advice in
pemberian nasihat dalam rangka penerbitan the framework of securities issuance, merger,
Efek, penggabungan, peleburan, pengambil consolidation, acquisition and/or restructuring.
alihan dan/atau restrukturisasi.
• Kegiatan usaha sebagai Perantara Pedagang Efek • Business activities as a Broker-Dealer may carry out
dapat menjalankan kegiatan utama, yaitu: the following main business activities:
1) Transaksi Efek untuk kepentingan sendiri dan 1) Securities transactions for its own interests and
44
Pihak lain; dan/atau for the interests of other parties; and/or
2) Pemasaran Efek untuk kepentingan Perusahaan 2) Marketing securities for the benefit of other
Efek lain. Securities Companies.
Selain kegiatan usaha utama sebagaimana dimaksud In addition to the main business activities as referred
pada Pasal 3 ayat 2 dalam Anggaran Dasar Perseroan, to in Article 3 Paragraph 2 of the Company’s Article of
Perseroan dapat melakukan kegiatan usaha pendukung Association, the Company may carry out supporting
untuk melakukan segala kegiatan-kegiatan yang business activities to carry out all the necessary
diperlukan usahanya sebagaimana dimaksud pada business activities as referred to in Article 3 Paragraph
Pasal 3 ayat 2 di atas, yaitu: 2 above, namely:
• Sebagai Penjamin Emisi Efek dapat menjalankan • As an Underwriter, it may carry out other activities
kegiatan lain yang ditetapkan dan/atau disetujui stipulated and/or approved by the Financial
oleh Otoritas Jasa Keuangan; Services Authority;
• Sebagai Perantara Pedagang Efek dapat • As a Broker-Dealer, the Company may carry out
menjalankan kegiatan lain yang ditetapkan dan/ other activities as stipulated and/or approved by
atau disetujui oleh Otoritas Jasa Keuangan. the Financial Services Authority.
Equity Trading
1. Perantara Pedagang Transaksi Saham 1. Equity Brokerage
2. Employee Stock Option Program (ESOP) 2. Employee Stock Option Program (ESOP)
3. Institutional Services 3. Institutional Services
Investment Banking
1. Capital Market 1. Capital Market
a. Penawaran Umum Perdana Saham (IPO) a. Equity Initial Public Offering (IPO)
b. Penambahan Modal Melalui Hak Memesan b. Right Issue
Efek Terlebih Dahulu (PMHMETD)
c. Penerbitan Obligasi c. Bond Issuance
d. Medium-term Note (MTN) d. Medium-term Note (MTN)
e. Layanan Capital Market lainnya e. Other Capital Market Services
PT Trimegah Sekuritas Indonesia Tbk
Page 45
03 COMPANY PROFILE
Produk dan Layanan
Products and Services
2. Corporate Finance Advisory 2. Corporate Finance Advisory
a. Merger & Acquisition a. Merger & Acquisition
b. Penawaran Tender b. Tender Offer
c. Restrukturisasi c. Restructuring
d. Jasa Penasihat Keuangan Lainnya d. Other Advisory Services
e. Arranger e. Arranger
Fixed Income Market
Pasar Perdana Primary Market
1. Dealer Utama Surat Berharga Negara dan Surat 1. Primary Dealer in Government Bonds and Sharia
Berharga Syariah Negara Government Bonds
2. Agen Penjual dalam Pelaksanaan Penawaran Umum 2. Selling Agent of Retail Government Bonds (ORI),
Perdana Surat Berharga Negara Ritel yaitu Obligasi Retail Sukuk (SR), Retail Saving Bonds (SBR), and
Negara Ritel (ORI), Sukuk Ritel (SR), Savings Bond Savings Sukuk (ST)
Ritel (SBR), dan Sukuk Tabungan (ST)
3. Co-manager dalam Penjualan MTN Global Bonds 3. Co-manager in the issuance of MTN Global Bonds
Republik Indonesia, Euro Bonds & Global Sukuk of the Republic of Indonesia, Euro Bonds & Global
Sukuk
4. Agen Penjual dalam Pelaksanaan Penawaran Umum 4. Corporate Bonds & Corporate Sukuk Initial Public
Perdana Obligasi Korporasi dan Sukuk Korporasi Offering Selling Agent
Pasar Sekunder Secondary Market
1. Pedagang Perantara Transaksi Surat Berharga 1. Government Bonds and Sharia Government Bonds 45
Negara dan Surat Berharga Syariah Negara dalam Broker-Dealer in IDR and USD
Denominasi IDR dan USD
2. Pedagang Perantara Transaksi Surat Berharga 2. Retail Government Bonds and Retail Sharia
Negara Ritel dan Surat Berharga Syariah Negara Government Bonds Broker-Dealer
Ritel
3. Pedagang Perantara Transaksi Obligasi Korporasi 3. Corporate Bonds and Corporate Sukuk Broker-
dan Sukuk Korporasi dalam Denominasi IDR dan Dealer in IDR and USD
USD
4. Peserta Lelang dalam Pelaksanaan Lelang Buy Back 4. Government Bonds Buy Back & Debt Switch
dan Debt Switch Auction Member
5. Pedagang Perantara Transaksi Obligasi untuk 5. Bonds Transaction Broker-Dealer for Retail Clients
Nasabah Ritel
Agen Penjual Efek Reksa Dana Mutual Funds Selling Agent
Reksa Dana Open-end (Konvensional dan Syariah) Open-end Mutual Funds (Conventional & Sharia)
1. Reksa Dana Pasar Uang 1. Money Markets Mutual Funds
2. Reksa Dana Pendapatan Tetap 2. Fixed Income Mutual Funds
3. Reksa Dana Campuran 3. Balanced Mutual Funds
4. Reksa Dana Saham 4. Equity Mutual Funds
5. Reksa Dana Indeks 5. Index Mutual Funds
Reksa Dana Closed-end Closed-end Mutual Funds
1. Reksa Dana Terproteksi 1. Protected Mutual Funds
Securities Financing
Online Trading (Mobile, Tablet, & Desktop)
1. Perantara Pedagang Efek Saham 1. Equity Brokerage
2. Agen Penjual Reksa Dana 2. Mutual Funds Selling Agent
2025 Annual Report
3. IPO Obligasi Pemerintah 3. Government Bonds IPO
ON OUR PACE, RUNNING FURTHER
Page 46
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Struktur Organisasi
Organization Structure
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Komite di bawah Direksi
Committees under the Dewan Komisaris
Board of Directors Board of Commissioners
Komisaris Utama/Komisaris Independen
President Commissioner/Independent Commissioner
Rofikoh Rokhim
Komite Manajemen Risiko
Risk Management Committee
Komisaris Independen
Independent Commissioner
Edy Sugito
Komite Human Capital
Human Capital Committee
Direktur Utama
President Director
Philmon Samuel Tanuri
Direktur Direktur Chief Financial &
Director Director Operations
Officer (CFOO)
David Agus Anung Rony Hascaryo
46 Achmad Hardono
Primary Market &
IB Advisory Operations
Origination
Brian Sihombing Nikky Yudianto
Sigit Indriyatma
IB Capital Market Retail & Partnership Accounting
Fixed Income Market
Nurleni Febriani Pandu Putra Kusuma Negara
Legazea Syifa Alala
IB Origination
Secondary Market Tax
Ardhityo W & Propietary Book
Tichar Tambunan
Luis Hideyoshi Pramuditya
Equity Institutional
Sales Finance
Beatrix Susanto Vacant
Retail Equity Sales
Billy Budiman
Securities Financing
Garis Pelaporan
Arya Darmawan Setyaji Reporting Line
Garis Komunikasi dan Koordinasi
Communication and Coordination Line
PT Trimegah Sekuritas Indonesia Tbk
Page 47
03 COMPANY PROFILE
Struktur Organisasi
Organization Structure
per 31 Desember 2025
as of December 31, 2025
Komite di bawah Komisaris
Committees under the
Board of Commissioners
Komite Audit
Audit Committee
Komite Nominasi & Remunerasi
Nomination & Remuneration
Committee
47
Corporate Risk Management
& Anti Fraud IT Human Capital & GA
Alwin Januar Zulkifli Rafika Luthfi
Internal Audit
Credit Risk Product
Jong Ifu
Corporate Strategy
Risk Management &
Development
Anti Fraud Indra Isradi Pratama
Corporate Secretary
Compliance & PIC of AML-CFT Delivery Nindya Kumala Dewi
and CPF Program
Rosalina Legal
Annie Christina Syauta
Marketing Communications
Lulita
2025 Annual Report
Research
Aldo Perkasa
ON OUR PACE, RUNNING FURTHER
Page 48
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Profil Dewan Komisaris
Profile of the Board of Commissioners
Rapat Umum Pemegang Saham Luar Biasa Perseroan The Company’s Extraordinary General Meeting of
(“Rapat”) pada tanggal 3 September 2025 dengan Shareholders (“Meeting”) on September 3, 2025
agenda Penegasan Kembali atas Perubahan Susunan with the agenda of Reaffirmation of Changes in
Anggota Dewan Komisaris, telah menegaskan kembali the Composition of the Board of Commissioners,
atas persetujuan pengunduran diri Bapak Sunata has reaffirmed the approval of the resignation of
Tjiterosampurno selaku Komisaris dan menegaskan Mr. Sunata Tjiterosampurno as Commissioner and
kembali atas pengangkatan Ibu Rofikoh Rokhim reaffirmed the appointment of Mrs. Rofikoh Rokhim as
sebagai Komisaris Utama/Komisaris Independen serta President Commissioner/Independent Commissioner
mengalih-tugaskan Bapak Edy Sugito dari sebelumnya and transferred Mr. Edy Sugito from previously
Komisaris Utama/Komisaris Independen menjadi President Commissioner/Independent Commissioner
Komisaris Independen. to Independent Commissioner.
48
PT Trimegah Sekuritas Indonesia Tbk
Page 49
03 COMPANY PROFILE
Profil Dewan Komisaris
Profile of the Board of Commissioners
Rofikoh Rokhim
Komisaris Utama/Komisaris Independen
President Commissioner/Independent Commissioner
Edy Sugito
Komisaris Independen
Independent Commissioner
49
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Profil Dewan Komisaris
Profile of the Board of Commissioners
Rofikoh Rokhim
Komisaris Utama/Komisaris Independen
President Commissioner/Independent Commissioner
Warga Negara Indonesia, usia 55 tahun, Indonesian citizen, 55 years old, domiciled
berdomisili di Jakarta. Memperoleh gelar in Jakarta. Earned a Bachelor’s degree
Sarjana Ekonomi dari Universitas Islam in Economics from Universitas Islam
Indonesia (1989–1993) serta gelar Sarjana Indonesia (1989–1993) and a Bachelor’s
Ilmu Politik di bidang Ilmu Politik dari degree in Political Science from Universitas
Universitas Gadjah Mada, Yogyakarta (1992– Gadjah Mada, Yogyakarta (1992–1994).
1994). Selanjutnya meraih gelar Magister Subsequently obtained a Master’s degree in
di bidang Keuangan Publik dari Institut Public Finance from the Institut International
International d’Administration Publique d’Administration Publique (IIAP) – École
(IIAP) – École Nationale d’Administration Nationale d’Administration (ENA), Paris
(ENA), Paris (1998–2000), serta gelar (1998–2000), and a Master’s degree in
Magister di bidang Ekonomi Internasional International and Development Economics
dan Pembangunan dari Université de Paris 1 from Université de Paris 1 Panthéon-Sorbonne,
Panthéon-Sorbonne, Paris, Prancis (2000– Paris, France (2000–2002). Completed a
2002). Menyelesaikan pendidikan Doktor di Doctoral degree in Economics (Applied
bidang Ekonomi (Ekonomi Makro dan Mikro Macroeconomics and Microeconomics,
Terapan, Studi Pembangunan di Bidang Development Studies in the Field of Finance)
Keuangan) di Université de Paris 1 Panthéon- at Université de Paris 1 Panthéon-Sorbonne,
Sorbonne, Paris, Prancis (2002–2005). Paris, France (2002–2005).
50 Pernah menjabat sebagai Komisaris Served as Independent Commissioner of
Independen PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia (Persero) Tbk
(Persero) Tbk (Oktober 2017-Maret 2025) (October 2017 – March 2025) and President
dan Komisaris Utama PT Hotel Indonesia Commissioner of PT Hotel Indonesia Natour
Natour (Persero) (2015-2017). (Persero) (2015–2017).
Diangkat pertama kali sebagai Komisaris Appointed as President Commissioner/
Utama/Komisaris Independen Perseroan Independent Commissioner of the Company
dalam Rapat Umum Pemegang Saham Luar at the Extraordinary General Meeting of
Biasa tanggal 3 September 2025 seperti Shareholders held on September 3, 2025,
dinyatakan dalam Pernyataan Keputusan as stated in the Deed of Resolutions of
Rapat Umum Pemegang Saham Luar Biasa the Extraordinary General Meeting of
No. 6, serta mejabat sebagai Ketua Komite Shareholders No. 6, and serves as Chairman
Audit serta Ketua Komite Nominasi dan of the Audit Committee and Chairman of the
Remunerasi Perseroan. Nomination and Remuneration Committee
of the Company.
Saat ini juga menjabat sebagai Komisaris Currently, also serves as an Independent
Independen PT Telkom Indonesia (Persero) Commissioner of PT Telkom Indonesia
Tbk (Desember 2025–sekarang). (Persero) Tbk (December 2025 – present).
Tidak memiliki hubungan afiliasi dengan Has no affiliation with the members of
anggota Dewan Komisaris, anggota Direksi, the Board of Commissioners, the Board
dan Pemegang Saham Utama Perseroan. of Directors, and the Company’s Main
Shareholder.
PT Trimegah Sekuritas Indonesia Tbk
Page 51
03 COMPANY PROFILE
Profil Dewan Komisaris
Profile of the Board of Commissioners
51
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 52
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Profil Dewan Komisaris
Profile of the Board of Commissioners
Edy Sugito
Komisaris Independen
Independent Commissioner
Warga Negara Indonesia, usia 61 tahun, Indonesian citizen, 61 years old, domiciled
berdomisili di Jakarta. Memperoleh gelar in Jakarta. He graduated from Faculty of
Sarjana Ekonomi Jurusan Akuntansi Economics Majoring in Accounting from
Universitas Trisakti, Jakarta pada tahun University of Trisakti, Jakarta in 1991.
1991.
Pernah menjabat sebagai Direktur PT Served as Director of the Indonesia Central
Kustodian Sentral Efek Indonesia (1998— Securities Depository (1998—2000),
2000), Direktur PT Kliring Penjaminan Efek Director of the Indonesia Clearing and
Indonesia (2000—2005), dan Direktur Guarantee Corporation (2000—2005),
Penilaian Perusahaan PT Bursa Efek and Listing Director of the Indonesia Stock
Indonesia (2005—2012). Exchange (2005—2012).
Diangkat pertama kali sebagai Komisaris/ Appointed as Commissioner/Independent
Komisaris Independen Perseroan dalam Commissioner of the Company for the
Rapat Umum Pemegang Saham Luar Biasa first time in the Extraordinary General
tanggal 28 Maret 2013 seperti dinyatakan Meeting of Shareholders on March
dalam Akta No. 51 tentang Pernyataan 28, 2013 as stated in the Deed No. 51
Keputusan Rapat Umum Pemegang Saham pertaining Extraordinary General Meeting
Luar Biasa, kemudian diangkat kembali of Shareholders Resolutions, then
dalam Rapat Rapat Umum Pemegang reappointed in the Annual General Meeting
52 Saham Tahunan 2018 pada 6 Juni 2018 of Shareholders on June 6, 2018 as stated
seperti dinyatakan dalam Pernyataan in Statement of Resolutions of Annual
Keputusan Rapat Umum Pemegang General Meeting of Shareholders No. 05.
Saham Tahunan No. 05. Diangkat sebagai Appointed as President Commissioner/
Komisaris Utama/Komisaris Independen Independent Commissioner of the
Perseroan dalam Rapat Umum Pemegang Company in the Annual General Meeting
Saham Tahunan tanggal 27 Juli 2022 of Shareholders on July 27, 2022 as stated
seperti dinyatakan dalam Pernyataan in Statement of Resolutions of Annual
Keputusan Rapat Umum Pemegang General Meeting of Shareholders No.168.
Saham Tahunan No. 168. Dialih-tugaskan Reassigned as Independent Commissioner
menjadi Komisaris Independen dalam at the Extraordinary General Meeting of
Rapat Umum Pemegang Saham Luar Shareholders on September 03, 2025
Biasa tanggal 03 September 2025 seperti as stated in Statement of Resolutions
dinyatakan dalam Pernyataan Keputusan of Extraordinary General Meeting of
Rapat Umum Pemegang Saham Luar Biasa Shareholders No. 6.
No. 6.
Saat ini juga menjabat sebagai Komisaris Currently also serves as Independent
Independen pada PT PP London Sumatera Commissioner at PT PP London Sumatra
Indonesia Tbk (2012—sekarang), PT Indonesia Tbk (2012-present), PT
Wismilak Inti Makmur Tbk (2012— Wismilak Inti Makmur Tbk (2012-present)
sekarang) dan PT Dharma Satya Nusantara and PT Dharma Satya Nusantara Tbk
Tbk (2013—sekarang) serta PT Madusari (2013-present) also PT Madusari Murni
Murni Indah Tbk (Mei 2024—sekarang). Indah Tbk (May 2024—present).
Tidak memiliki hubungan afiliasi dengan Has no affiliation with the members of
anggota Dewan Komisaris, anggota the Board of Commissioners, the Board of
Direksi, dan Pemegang Saham Utama Directors, and the Main Shareholder of the
Perseroan. Company.
PT Trimegah Sekuritas Indonesia Tbk
Page 53
03 COMPANY PROFILE
Profil Dewan Komisaris
Profile of the Board of Commissioners
53
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 54
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Profil Direksi
Profile of the Board of Directors
David Agus
Direktur
Director
54
Tidak terdapat perubahan komposisi Direksi selama tahun 2025.
There was no change in the composition of the Board of Directors during 2025.
PT Trimegah Sekuritas Indonesia Tbk
Page 55
03 COMPANY PROFILE
Profil Direksi
Profile of the Board of Directors
Philmon
Samuel Tanuri
Direktur Utama
President Director
Anung Rony
Hascaryo
Direktur
Director
55
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Profil Direksi
Profile of the Board of Directors
Philmon Samuel Tanuri
Direktur Utama
President Director
Warga Negara Indonesia, usia 30 tahun, Indonesian citizen, 30 years old, domiciled in
berdomisili di Jakarta. Memperoleh gelar Jakarta. Earned Bachelor of Arts in Economics
Bachelor of Arts in Economics dari University from University of California, Berkeley, USA in
of California, Berkeley, Amerika Serikat pada 2017.
tahun 2017.
Memulai karirnya sebagai Konsultan di Bain Started his career as a Consultant at Bain &
& Company (2017–2019). Bergabung di PT Company (2017–2019). Joined PT Modal
Modal Ventura YCAB (2019–2021) dengan Ventura YCAB (2019–2021) with the last
jabatan terakhir sebagai Head of Impact position as Head of Impact Investment, and
Investment, pernah menjabat sebagai served as Commissioner at PT Merchant Asset
Komisaris di PT Pedagang Aset Kripto (2021– Crypto (2021–2022). Joined the Company in
2022). Bergabung dengan Perseroan pada May 2022 as an Advisor.
bulan Mei 2022 sebagai Advisor.
Diangkat pertama kali sebagai Direktur Utama Appointed as President Director of the
Perseroan dalam Rapat Umum Pemegang Company for the first time in the Annual
Saham Tahunan pada tanggal 27 Juli 2022 General Meeting of Shareholders on July 27,
seperti dinyatakan dalam Akta No. 168 2022 as stated in the Deed No. 168 dated July
tertanggal 27 Juli 2022 tentang Pernyataan 27, 2022 pertaining Statement of Resolutions
Keputusan Rapat. of Meeting.
Memiliki izin perorangan dari Otoritas Jasa Holds individual licenses from the Financial
Keuangan sebagai Wakil Perantara Pedagang Services Authority as a Broker-Dealer
Efek, dan Wakil Manajer Investasi. Representative, and Investment Manager
56 Representative.
Membawahi Divisi Research, Internal Audit, Oversees Research, Internal Audit, Legal,
Legal, Corporate Strategy, Corporate Secretary, Corporate Strategy, Corporate Secretary,
Marketing Communications, Human Capital & Marketing Communications, Human Capital &
General Affairs, IT, Accounting, Tax & Finance, General Affairs, IT, Accounting, Tax & Finance,
Operations, Corporate Risk Management & Operations, Corporate Risk Management &
Anti Fraud, dan Compliance & Penanggung Anti Fraud, and Compliance & PIC of AML-CFT
jawab APUPPT & PPPSPM. and CPF Program.
Saat ini juga merupakan anggota Komite Currently also a member of the Securities
Perdagangan Efek PT Bursa Efek Indonesia, Trading Committee of the Indonesia
anggota Komite Haircut PT Kliring Penjaminan Stock Exchange, a member of the Haircut
Efek Indonesia, anggota Komite Human Committee of the Indonesian Clearing and
Capital, dan anggota Komite Manajemen Guarantee Corporation, a member of the
Risiko Perseroan. Human Capital Committee, and a member
of the Risk Management Committee of the
Company.
Tidak merangkap jabatan sebagai anggota No concurrent positions as a member of the
Direksi, maupun sebagai anggota Dewan Board of Directors, or Board of Commissioners
Komisaris pada perusahaan atau institusi lain. in other companies or institutions.
Tidak memiliki hubungan afiliasi dengan Has no affiliation with the members of
anggota Dewan Komisaris, anggota Direksi, the Board of Commissioners, the Board of
dan Pemegang Saham Utama Perseroan. Directors, and the Main Shareholder of the
Company.
PT Trimegah Sekuritas Indonesia Tbk
Page 57
03 COMPANY PROFILE
Profil Direksi
Profile of the Board of Directors
David Agus
Direktur
Director
Warga Negara Indonesia, usia 56 tahun, Indonesian citizen, 56 years old, domiciled
berdomisili di Jakarta. Memperoleh gelar in Jakarta. Earned Bachelor’s Degree in
Sarjana Ekonomi Jurusan Akuntansi dari Accounting from University of Parahyangan,
Universitas Parahyangan, Bandung pada tahun Bandung in 1992, and MBA in Finance from
1992, dan gelar MBA Bidang Keuangan dari University of Houston, Texas, USA in 1994.
University of Houston, Texas, Amerika Serikat
pada tahun 1994.
Bergabung di PT Pentasena Securities (April Joined PT Pentasena Securities (April 1995–
1995–Desember 1998), PT Danareksa Sekuritas December 1998), PT Danareksa Sekuritas
(Januari 1999–Juli 2011) dengan jabatan (January 1999–July 2011) with last position
terakhir sebagai Managing Director – Head of as Managing Director - Head of Investment
Investment Banking, dan PT Equator Securities Banking, and PT Equator Securities (September
(September 2011–September 2013) dengan 2011–September 2013) with last position
jabatan terakhir sebagai Managing Director as Managing Director - Head of Investment
– Head of Investment Banking. Bergabung Banking. Joined the Company in September
dengan Perseroan pada bulan September 2013 2013 as Head of Investment Banking.
sebagai Head of Investment Banking.
Diangkat sebagai Direktur Perseroan dalam Appointed as Director / Independent Director
Rapat Umum Pemegang Saham Tahunan of the Company in Annual General Meeting
tanggal 14 Mei 2014 seperti dinyatakan of Shareholders on May 14, 2014, as stated in
dalam Akta No. 46 tertanggal 14 Mei 2014 Deed No. 46 dated May 14, 2014, pertaining
tentang Pernyataan Keputusan Rapat Umum Statement of Resolutions of Annual General
Pemegang Saham Tahunan, yang ditegaskan Meeting of Shareholder, and restated with
kembali dengan Akta No. 14 tertanggal 14 Deed No. 14 dated August 14, 2014 pertaining 57
Agustus 2014 tentang Pernyataan Keputusan Statement of Resolutions of Annual General
Rapat Umum Pemegang Saham Tahunan, dan Meeting of Shareholders, and reappointed
diangkat kembali sebagai Direktur Perseroan as Director in Annual General Meeting of
dalam Rapat Umum Pemegang Saham Tahunan Shareholders on June 26, 2024 as stated in
tanggal 26 Juni 2024 seperti dinyatakan dalam Deed No. 219 dated June 26, 2024 pertaining
Akta No. 219 tertanggal 26 Juni 2024 tentang Statement of Resolution of Meeting.
Pernyataan Keputusan Rapat.
Memiliki izin perorangan dari Otoritas Jasa Holds individual licenses from the Financial
Keuangan sebagai Wakil Penjamin Emisi Efek, Services Authority as an Underwriter
dan Wakil Manajer Investasi. Representative, and Investment Manager
Representative.
Membawahi Divisi Investment Banking (IB) Oversees Investment Banking (IB) Advisory,
Advisory, IB Capital Market, IB Origination, IB Capital Market, IB Origination Equity
Equity Institutional Sales, Retail Equity Sales, Institutional Sales, Retail Equity Sales, and
dan Securities Financing. Securities Financing.
Saat ini juga merupakan anggota Komite Currently also a member of Human
Human Capital dan Komite Manajemen Risiko Capital Committee, and Risk Management
Perseroan. Committee of the Company.
Tidak merangkap jabatan, baik sebagai anggota No concurrent positions as a member of Board
Direksi, Dewan Komisaris dan/atau anggota of Directors, Board of Commissioners, and/or
komite pada perusahaan atau institusi lain. member of a committee in other company or
institution.
Tidak memiliki hubungan afiliasi dengan Has no affiliation with the members of
anggota Dewan Komisaris, anggota Direksi, dan the Board of Commissioners, the Board of
Pemegang Saham Utama Perseroan. Directors, and the Main Shareholder of the
Company.
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Profil Direksi
Profile of the Board of Directors
Anung Rony Hascaryo
Direktur
Director
Warga Negara Indonesia, usia 47 tahun, Indonesian citizen, 47 years old, domiciled
berdomisili di Jakarta. Memperoleh in Jakarta. Earned Bachelor’s Degree in
gelar Sarjana Ekonomi Jurusan Ilmu Economics and Development Studies
Ekonomi dan Studi Pembangunan dari from the University of Indonesia in 2003.
Universitas Indonesia pada tahun 2003.
Memulai karir di PT Andalan Artha Advisindo Started his career at PT Andalan Artha
Sekuritas sebagai Economist and Debt Advisindo Sekuritas as an Economist and
Market Analyst (November 2003 – Juli Debt Market Analyst (November 2003 –
2007). Pernah menjabat sebagai Global July 2007). Served as Global Market Sales –
Market Sales – Senior Manager PT Bank Senior Manager PT Bank Maybank Indonesia
Maybank Indonesia Tbk (September 2008 – Tbk (September 2008 – July 2011), Director
Juli 2011), Director & Head of Debt Syndicate & Head of Debt Syndicate PT CIMB Sekuritas
PT CIMB Sekuritas Indonesia (Juli 2011 – Juli Indonesia (July 2011 – July 2017), VP & Head
2017), VP & Head of Debt Capital Market of Debt Capital Market PT BRI Danareksa
PT BRI Danareksa Sekuritas (Agustus 2017 Sekuritas (August 2017 – December 2019)
– Desember 2019) dan PT BNI Sekuritas dan PT BNI Sekuritas (January 2020 – May
(Januari 2020 – Mei 2023). Bergabung 2023). Joined the Company in August 2007
dengan Perseroan pada Agustus 2007 – – September 2008 as Fixed Income Sales
September 2008 sebagai Fixed Income Sales Manager and as Associate Director in June
58 Manager dan sebagai Associate Director 2023 – June 2024.
pada Juni 2023 – Juni 2024.
Diangkat sebagai Direktur Perseroan dalam Appointed as Director of the Company in
Rapat Umum Pemegang Saham Tahunan Annual General Meeting of Shareholders
tanggal 26 Juni 2024 seperti dinyatakan on June 26, 2024 as stated in Deed No.
dalam Akta No. 219 tertanggal 26 Juni 219 dated June 26, 2024 pertaining
2024 tentang Pernyataan Keputusan Rapat. Statement of Resolution of Meeting.
Membawahi Divisi Primary Market & He oversees Primary Market & Origination
Origination, Retail & Partnership Fixed division, Retail & Partnership Fixed Income
Income Market, dan Secondary Market & Market division, and Secondary Market &
Proprietary Book. Proprietary Book division.
Saat ini juga merupakan anggota Komite Currently also a member of Human
Human Capital dan Komite Manajemen Capital Committee and Risk Management
Risiko Perseroan. Committee of the Company.
Tidak merangkap jabatan, baik No concurrent positions as a member of the
sebagai anggota Direksi maupun Board of Directors, or Board of Commissioners
sebagai anggota Dewan Komisaris in other companies or institutions.
pada perusahaan atau institusi lain.
Tidak memiliki hubungan afiliasi dengan Has no affiliation with the members of
anggota Dewan Komisaris, anggota Direksi, the Board of Commissioners, the Board
dan Pemegang Saham Utama Perseroan. of Directors, and the Company’s Main
Shareholder.
PT Trimegah Sekuritas Indonesia Tbk
Page 59
03 COMPANY PROFILE
Informasi Pemegang Saham
Composition of Shareholders
Komposisi Pemegang Saham
Composition of Shareholders
Per 2 Januari 2025 Per 31 Desember 2025
Pemegang Saham As of January 2, 2025 As of December 31, 2025
Shareholders Jumlah Saham Persentase Jumlah Saham Persentase
Number of Shares Percentage Number of Shares Percentage
Garibaldi Thohir* 2.542.700.000 35,77% 2.545.846.700 35,81%
Philmon Samuel Tanuri** 559.044.000 7,86% 559.044.000 7,86%
Union Sampoerna, PT. 553.000.000 7,78% 413.000.000 5,81%
David Agus** 17.800.000 0,25% 17.800.000 0,25%
Publik*** 3.436.756.000 48,34% 3.573.609.300 50,27%
Total 7.109.300.000 100,00% 7.109.300.000 100,00%
*) Per 31 Desember 2025, total kepemilikan saham oleh Garibaldi Thohir di Perseroan adalah sebesar 35,81% yang
terdiri atas 34,68% kepemilikan langsung, dan 1,13% kepemilikan tidak langsung melalui perusahaan terafiliasi.
As of December 31, 2025, total share ownership by Garibaldi Thohir in the Company is 35.81%, which consists of
34.64% direct ownership, and 1.13% indirect ownership through an affiliated company.
**) Anggota Direksi
Member of the Board of Directors 59
***) Masing-masing kurang dari 5% kepemilikan
Each less than 5% ownership
Kepemilikan Tidak Langsung atas Saham Indirect Ownership of the Company’s Shares
Perseroan oleh Direksi dan Dewan Komisaris by the Board of Directors and the Board of
Commissioners
Seluruh anggota Direksi dan Dewan Komisaris tidak All members of the Board of Directors and the Board
memiliki kepemilikan tidak langsung atas saham of Commissioners do not have indirect ownership
Perseroan pada tahun buku 2025. Kepemilikan atas of the Company’s shares in the financial year 2025.
saham Perseroan oleh anggota Direksi dan Dewan Ownership of the Company’s shares by members of the
Komisaris hanya berupa kepemilikan langsung Board of Directors and the Board of Commissioners is
sebagaimana ditunjukkan dalam tabel Komposisi only in the form of direct ownership as shown in the
Pemegang Saham di atas. Composition of Shareholders table above.
2025 Annual Report
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Informasi Pemegang Saham
Composition of Shareholders
Klasifikasi Pemegang Saham
Shareholders Classification
Per 2 Januari 2025 Per 31 Desember 2025
As of January 2, 2025 As of December 31, 2025
Pemegang Saham Jumlah Jumlah
Jumlah Jumlah
Shareholders Pemegang Pemegang
Saham Persentase Saham Persentase
Saham Saham
Number of Percentage Number of Percentage
Number of Number of
Shares Shares
Shareholders Shareholders
Pemegang Saham Domestik
Domestic Shareholders
Perseorangan
2.451 4.134.402.498 58,15% 2.140 4.284.853.988 60,26%
Individual
Institusi
45 2.022.598.165 28,45% 46 1.818.253.275 25,59%
Institution
Sub Total 2.496 6.157.000.663 86,60% 2.186 6.103.107.263 85,85%
Pemegang Saham Asing
Foreign Shareholders
Perseorangan
3 210.100 0,00% 4 215.200 0,00%
Individual
Institusi
60 Institution
23 952.089.237 13,40% 28 1.005.977.537 14,15%
Sub Total 26 952.299.337 13,40% 32 1.006.192.737 14,15%
Total 2.522 7.109.300.000 100,00% 2.218 7.109.300.000 100,00%
PT Trimegah Sekuritas Indonesia Tbk
Page 61
03 COMPANY PROFILE
Struktur Kepemilikan
Ownership Structure
Garibaldi Philmon Union
David Agus** Public***
Thohir* Samuel Tanuri** Sampoerna, PT.
35,81% 7,86% 5,81% 0,25% 50,27%
PT Trimegah Sekuritas Indonesia Tbk
(99,9%)
61
PT Trimegah Asset Management
Line of Business per 31 Desember 2025
Investment Management as of December 31, 2025
Operational Status
Operating
*) Garibaldi Thohir merupakan pemegang saham utama dan pengendali Perseroan sebagaimana yang disebutkan dalam
POJK No. 9/POJK.04/2018 tentang Pengambilalihan Perusahaan Terbuka serta merupakan pihak yang menjadi penerima
manfaat akhir (UBO) atas kepemilikan saham Perseroan. Total kepemilikan saham oleh Garibaldi Thohir di Perseroan
adalah sebesar 35,81%, yang terdiri atas 34,68% kepemilikan langsung, dan 1,13% kepemilikan tidak langsung melalui
perusahaan terafiliasi.
Garibaldi Thohir is the main and controlling shareholder of the Company as stated in POJK No. 9/POJK.04/2018 concerning
Takeover of Public Companies and serves as the ultimate beneficial owner (UBO) of the Company’s shareholding. Total
share ownership by Garibaldi Thohir in the Company is 35.81%, which consists of 34.68% direct ownership, and 1.13%
indirect ownership through an affiliated company.
**) Anggota Direksi
Members of the Board of Directors
***) Masing-masing kurang dari 5% kepemilikan
Each below 5% ownership
2025 Annual Report
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Kronologi Pencatatan Saham
Other Securities Listing Information
Tanggal Pencatatan* Keterangan Modal Dasar
No.
Recording Date* Notes Authorized Capital
31 Januari 2000 Penambahan Modal Ditempatkan dan Disetor dari Hasil Penawaran Umum
1 300.000.000.000
January 31, 2000 Additional Issued and Fully Paid Capital from Public Offering
3 April 2000 Pemecahan Nominal Saham dari Rp500 menjadi Rp50 per saham
2 300.000.000.000
April 3, 2000 Stock Split from Rp500 per share to Rp50 per share
6 Juni 2000 Peningkatan Modal Dasar, Pembagian Saham Bonus (Rasio 10:7)
3 680.000.000.000
June 6, 2000 Additional Authorized Capital, Distribution of Bonus Shares (Ratio 10:7)
20 Oktober 2003 Pelaksanaan Waran**
4 680.000.000.000
October 20, 2003 Exercise of Warrant
26 Juli 2005 Pelaksanaan Waran**
5 680.000.000.000
July 26, 2005 Exercise of Warrant
25 April 2006 Pelaksanaan Waran**
6 680.000.000.000
April 25, 2006 Exercise of Warrant
11 Mei 2006 Pelaksanaan Waran**
7 680.000.000.000
May 11, 2006 Exercise of Warrant
62 12 April 2013 Pelaksanaan Hak Memesan Efek Terlebih Dahulu
8 680.000.000.000
April 12, 2013 Exercise of Right Issue
Pada tanggal 31 Januari 2000 Perseroan mencatatkan sahamnya di Bursa Efek Jakarta (sekarang Bursa Efek Indonesia) dengan
kode saham “TRIM”.
On January 31, 2000 the Company listed its shares on the Jakarta Stock Exchange (now the Indonesia Stock Exchange) with the
stock code “TRIM”.
*) Sesuai dengan Akta Trimegah dan IDX Issuer Corporate Actions.
Based on Trimegah Notarial Deed and the IDX Issuer Corporate Actions.
**) Waran tersebut diterbitkan sebelum IPO dan diberikan secara cuma-cuma atas nama Koperasi Karyawan Perseroan dengan
tujuan untuk meningkatkan kesejahteraan dan motivasi kerja karyawan.
These warrants were issued before the IPO and given free of charge in the name of the Company’s Employee Union with the
aim of improving employee welfare and work motivation.
PT Trimegah Sekuritas Indonesia Tbk
Page 63
03 COMPANY PROFILE
Kronologi Pencatatan Saham
Share Listing Chronology
Perubahan Jumlah Saham
Changes of Number of Shares Harga
Nominal per Saham Penawaran
Sebelum Setelah
Nominal per Share (Rp/saham)
Before After
(Rp) Offering Price
Jumlah Saham Nominal Jumlah Saham Nominal (Rp/share)
No. of Shares (Rp) No. of Shares (Rp)
150.000.000 75.000.000.000 200.000.000 100.000.000.000 500 2.000
200.000.000 100.000.000.000 200.000.000 100.000.000.000 50 -
200.000.000 100.000.000.000 3.400.000.000 170.000.000.000 50 -
3.400.000.000 170.000.000.000 3.650.000.000 182.500.000.000 50 0
3.650.000.000 182.500.000.000 3.651.260.000 182.563.000.000 50 0
3.651.260.000 182.563.000.000 3.652.500.000 182.625.000.000 50 0
3.652.500.000 182.625.000.000 3.655.000.000 182.750.000.000 50 0
63
3.655.000.000 182.750.000.000 7.109.300.000 355.465.000.000 50 80
2025 Annual Report
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Informasi Pencatatan Efek Lainnya
Other Securities Listing Information
Total
Tahun Penerbitan Tingkat Kupon Tanggal
Nama Efek Penerbitan (Rp miliar) per tahun Jatuh Tempo Peringkat
No
Securities Name Issuance Total Coupon Rate Maturity Rating
Year Issuance per annum Date
(Rp billion)
Obligasi Berkelanjutan I
Trimegah Sekuritas
Indonesia Tahap I
Tahun 2023 Seri B 06 Juli 2026
1 2023 Rp308,8 9,25% idA (single A)
Trimegah Sekuritas B Series July 06, 2026
Indonesia Shelf
Registration Bond I
Phase I Year 2023
Obligasi Berkelanjutan I
Trimegah Sekuritas
Indonesia Tahap III 15 Januari
Tahun 2025 Seri B 2028
2 2025 Rp52,485 8,8% idA (single A)
Trimegah Sekuritas B Series January 15,
Indonesia Shelf 2028
Registration Bond I
Phase III Year 2025
Obligasi Berkelanjutan II
Trimegah Sekuritas Seri A 12 Juli 2026
2025 Rp150,540 7,2% idA (single A)
Indonesia Tahap I A Series July 12, 2026
64 3 Tahun 2025
Trimegah Sekuritas
Indonesia Shelf Registered Seri B 2 Juli 2028
2025 Rp549,460 8,8% idA (single A)
Bond II Phase I Year 2025 B Series July 2, 2028
18 Oktober
Obligasi Berkelanjutan II Seri A 2026
Trimegah Sekuritas 2025 Rp100 6,75% idA (single A)
A Series October 18,
Indonesia Tahap II 2026
4 Tahun 2025
Trimegah Sekuritas 8 Oktober
Indonesia Shelf Registered Seri B 2028
2025 Rp400 8,25% idA (single A)
Bond II Phase II Year 2025 B Series October 8,
2028
5 Desember
Obligasi Berkelanjutan II Seri A 2030
Trimegah Sekuritas 2025 Rp300 8,00% idA (single A)
A Series December 5,
Indonesia Tahap III 2030
5 Tahun 2025
Trimegah Sekuritas 5 Desember
Indonesia Shelf Registered Seri B 2032
2025 Rp250 8,50% idA (single A)
Bond II Phase III Year 2025 B Series December 5,
2032
per 31 Desember 2025
as of December 31, 2025
PT Trimegah Sekuritas Indonesia Tbk
Page 65
03 COMPANY PROFILE
Informasi Saham
Shares Information
Harga Saham Tahun 2024-2025
Share Price in 2024-2025
Harga Harga Harga
Jumlah Kapitalisasi
Tertinggi Terendah Terakhir
Kuartal Tahun Volume Saham Beredar Pasar (Rp)
(Rp) (Rp) (Rp)
Quarter Year Volume Number of Market
Highest Lowest Latest
Shares Capitalization (Rp)
Price (Rp) Price (Rp) Price (Rp)
2024 137.366.400 302 254 264 7.109.300.000 1.876.855.200.000
I
2025 100.161.800 376 302 380 7.109.300.000 2.701.534.000.000
2024 128.421.400 280 236 280 7.109.300.000 1.990.604.000.000
II
2025 13.175.800 388 322 322 7.109.300.000 2.289.194.600.000
2024 96.305.000 290 242 290 7.109.300.000 2.061.697.000.000
III
2025 76.339.400 486 330 462 7.109.300.000 3.284.496.600.000
2024 130.474.100 388 274 370 7.109.300.000 2.630.441.000.000
IV
2025 178.795.500 770 448 665 7.109.300.000 4.727.684.500.000
Sumber/Source: Bloomberg
Pada tahun 2024 dan 2025 tidak terdapat aksi korporasi In 2024 and 2025, there were no corporate actions
yang menyebabkan terjadinya perubahan pada saham, that resulted in changes to the Company’s shares, nor 65
tidak ada penghentian sementara perdagangan dan/atau were there any temporary trading suspensions and/or
pembatalan pencatatan saham. delisting of the Company’s shares.
2025 Annual Report
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03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Data Karyawan
Employee Data
Level Jabatan
Grade Level
Trimegah Sekuritas Indonesia Trimegah Asset Management
Laki-laki Perempuan Laki-laki Perempuan
Menurut Level Male Female Male Female
Jabatan
Jumlah Jumlah Jumlah Jumlah
by Grade Level
Pegawai % Pegawai % Pegawai % Pegawai %
Number of Number of Number of Number of
Employees Employees Employees Employees
Entry-level 48 17% 57 20% 10 18% 4 7%
Mid-level 72 25% 60 21% 15 26% 9 16%
Senior-level 28 10% 15 5% 5 9% 13 23%
Executive-level 6 2% 2 1% 0% 1 2%
Total* 154 53% 134 47% 30 53% 27 47%
Catatan/Notes:
*) Tidak termasuk Direksi, Komisaris, Komite Audit, Advisor, karyawan dengan status magang, dan outsource
Excluding Board of Directors, Board of Commissioners, Audit Commitee, Advisor, employees with intern
and outsource status
66
Rentang Usia
Age Range
Level Jabatan
Menurut Grade Level
Rentang Trimegah Sekuritas Indonesia Trimegah Asset Management
Usia
Entry- Mid- Senior- Executive- Entry- Mid- Senior- Executive-
by Age
level level level level Jumlah level level level level Jumlah
Range Total Total
18-25 12 20 9 4 0 0 0 0 45 0 4 0 0 0 0 0 0 4
26-35 18 21 39 36 7 6 1 0 128 3 6 6 8 3 3 0 0 29
36-45 12 12 17 16 15 4 2 1 79 0 0 2 5 8 1 0 1 17
46-55 6 4 7 4 6 5 2 1 35 1 0 1 2 2 1 0 0 7
>55 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0
PT Trimegah Sekuritas Indonesia Tbk
Page 67
03 COMPANY PROFILE
Data Karyawan
Employee Data
Jenjang Pendidikan
Education Level
Trimegah Sekuritas Indonesia Trimegah Asset Management
Menurut Jenjang Pendidikan
by Education Level Jumlah Jumlah
% %
Total Total
S2 atau lebih tinggi
27 9% 2 4%
Master’s Degree or higher
S1
226 78% 52 91%
Bachelor's Degree
Sarjana Muda
28 10% 2 4%
Diploma
Lain-lain
7 2% 1 2%
Others
Total* 288 100% 57 100%
Catatan/Notes:
*) Tidak termasuk Direksi, Komisaris, Komite Audit, Advisor, karyawan dengan status magang, dan outsource
Excluding Board of Directors, Board of Commissioners, Audit Commitee, Advisor, employees with intern
and outsource status
67
Status Ketenagakerjaan
Employment Status
Trimegah Sekuritas Indonesia Trimegah Asset Management
Menurut Status Ketenagakerjaan
by Employment Status Jumlah Jumlah
% %
Total Total
Karyawan Tetap
258 74% 57 92%
Permanent Employees
Karyawan Kontrak
30 9% 0 0%
Contract Employees
Tenaga Kerja Outsource
62 18% 5 8%
Outsourced Workers
Total 350 100% 62 100%
Catatan/Notes:
*) Tidak termasuk Direksi, Komisaris, Komite Audit, Advisor, karyawan dengan status magang, dan tenaga kerja outsource.
Excluding Board of Directors, Board of Commissioners, employees with intern status, and outsourced workers.
2025 Annual Report
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Laporan Tahunan 2025
Wilayah Operasional Perseroan
Operational Area of the Company
Kantor Pusat Kantor Cabang
Head Office Branch Office
68 Gedung Artha Graha Jakarta – Sudirman Tangerang Selatan Jakarta - Kelapa Gading
18 & 19 Floor
th th
Gedung Artha Graha 18th Floor Ruko ITC BSD Blok R No. 43A Rukan Boulevard Artha Gading
Jl. Jend. Sudirman Kav. 52-53 Jl. Jend. Sudirman Kav. 52-53 Jl. Pahlawan Seribu, Serpong Blok A 7A No. 7
Jakarta 12190 Jakarta 12190, Indonesia Tangerang Selatan 15322, Jl. Boulevard Artha Gading
Indonesia t. +62-21 2924 9088 Indonesia Jakarta 14240, Indonesia
/ 2924 8098 t. +62-21 5089 8950 t. +62-21 8061 7270
t. +62 - 21 2924 9088
f. +62 - 21 2924 9150
Cirebon Medan Solo
Hotel Grand Tryas Cirebon Jl. Diponegoro No. 14F Hotel Novotel
Jl. Tentara Pelajar No. 103-107 Medan 20152, Indonesia Jl. Slamet Riyadi No. 272
Cirebon 45123, Indonesia t. +62-61 4100 0000 Solo 57131, Indonesia
t. +62-231 888 0000 t. +62-271 677 5590
Bandung Makassar Semarang
Wisma HSBC 3rd Floor Jl. Karunrung No. 1F Jl. M.H. Thamrin No. 112
Jl. Asia Afrika No. 116 Makassar 90113, Indonesia Semarang 50134, Indonesia
Bandung 40261, Indonesia t. +62-411 360 4370 t. +62-24 8600 2310
t. +62-22 8602 6290
Surabaya Denpasar
Gedung Calindo 1st Floor Gedung Indovision 2nd Floor
Jl. Mayjen. Sungkono No. 121 Unit M Jl. Diponegoro No. 109
Surabaya 60189, Indonesia Denpasar 80114, Indonesia
t. +62-31 2971 8000 t. +62-361 226 009
Catatan/Notes:
Informasi kantor cabang di atas merupakan data per 31 Desember 2025. Informasi tersebut dapat
berubah sewaktu-waktu dan Perseroan akan mengumumkan perubahan informasi tersebut melalui
situs web Perseroan.
The branch office information above is data as of December 31, 2025. The information is subject to
change at any time and the Company will announce any changes through the Company’s website.
PT Trimegah Sekuritas Indonesia Tbk
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03 COMPANY PROFILE
Profesi & Lembaga Penunjang Pasar Modal
Capital Market Supporting Professions & Institutions
Kantor Akuntan Publik Purwanto Susanti dan Surja
Public Accounting Firm Indonesia Stock Exchange Building
Tower 2, 7th Floor
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12910, Indonesia
t. +62-21 5289 5000
f. +62-21 5289 4100
Lembaga Pemeringkat PT Pemeringkat Efek Indonesia (PEFINDO)
Rating Agency Equity Tower 30th Floor
Sudirman Central Business District, Lot.9
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190, Indonesia
t. +62-21 5096 8469
f. +62-21 5096 8468
Biro Administrasi Efek PT Sinartama Gunita
Share Registrar Gedung Menara Tekno 7th Floor
Jl. H. Fachrudin No. 19
69
Jakarta 10250, Indonesia
t. +62-21 392 2332
f. +62-21 392 3003
Wali Amanat PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk
Trustee Divisi Treasury
Grup Kustodian dan Wali Amanat
Gedung T-Tower 17th Floor
Jl. Jend. Gatot Subroto No. 93
Jakarta 12780, Indonesia
t. +62-21 522 8737
f. +62-21 522 8738
Notaris Jose Dima Satria, S.H., M.Kn
Notary Jl. Madrasah
Komplek Taman Gandaria Kav. 11A
Jakarta 12420, Indonesia
t. +62-21 2912 5500, 2912 5600
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Keanggotaan pada Asosiasi
Membership in Association
Nama Asosiasi
No.
Association Name
Asosiasi Emiten Indonesia (AEI)
1
Indonesian Public Listed Companies Association
Asosiasi Perusahaan Efek Indonesia (APEI)
2
Indonesia Securities Companies Association
Perhimpunan Pedagang Surat Utang (HIMDASUN)
3
Indonesian Government Bond Traders Association
Lembaga Alternatif Penyelesaian Sengketa Sektor Jasa Keuangan (LAPS SJK)
4
Indonesian Alternative Agency for Dispute Resolution in Financial Services Sector
Kamar Dagang dan Industri (KADIN)
5
Chamber of Commerce and Industry
70
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71
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Informasi Akuntan Publik
Information on Public Accountant
Selain untuk memenuhi ketentuan perundang- In addition to complying with the prevailing laws
undangan dan regulasi yang berlaku, Perseroan juga and regulations, the Company is also aware of the
menyadari pentingnya fungsi pengawasan independen importance of an independent supervisory function
terhadap aspek keuangan Perseroan. Untuk itu, for its financial aspects. For that reason, the Company
Perseroan menggunakan jasa audit atas Laporan uses audit services on the Company’s Annual Financial
Keuangan Tahunan Perseroan yang dilakukan oleh Statements conducted by a Public Accountant (PA)
Akuntan Publik (AP) dan Kantor Akuntan Publik (KAP). and a Public Accounting Firm (PAF).
Mekanisme Penunjukan AP dan KAP Appointment Mechanism of PA and PAF
Sesuai dengan ketentuan Peraturan Otoritas Jasa In accordance with the provisions of the Financial
Keuangan No. 9 Tahun 2023 tentang Penggunaan Services Authority Regulation No. 9 Year 2023
Jasa Akuntan Publik dan Kantor Akuntan Publik dalam concerning the Use of Public Accountant Services
Kegiatan Jasa Keuangan, Surat Edaran OJK No. 18/ and Public Accounting Firms in Financial Services
SEOJK.03/2023 tentang Tata Cara Penggunaan Jasa Activities, OJK Circular Letter No. 18/SEOJK.03/2023
Akuntan Publik dan Kantor Akuntan Publik dalam concerning Procedures for Using the Services of Public
Kegiatan Jasa Keuangan, serta berpedoman pada Accountants and Public Accounting Firms in Financial
Undang-Undang Perseroan Terbatas Pasal 68 Ayat 1, Services Activities as well as by referring to the Limited
dan Anggaran Dasar Perusahaan Pasal 11 ayat 8 dan Liability Company Law Article 68 Paragraph 1, and The
9, kewenangan penunjukkan dan penetapan AP dan Company’s Articles of Association Article 11 paragraphs
KAP untuk audit laporan keuangan tahun buku 2025 8 and 9, the authority to appoint and determine PA and
disetujui oleh Pemegang Saham untuk didelegasikan PAF to audit financial statements for the financial year
kepada Dewan Komisaris dengan memperhatikan 2025 is approved by the Shareholders to be delegated
rekomendasi Komite Audit mengenai pemilihan to the Board of Commissioners by taking into account
72
Akuntan Publik dan Kantor Akuntan Publik. the Audit Committee’s recommendations regarding the
selection of Public Accountants and Public Accounting
Firms.
Pendelegasian ini diambil mengingat hingga The delegation was taken given the fact that until the
penyelenggaraan Rapat Umum Pemegang Saham 2025 Annual General Meeting of Shareholders, the
Tahun 2025 masih dilakukan proses pemilihan Akuntan process of selecting Public Accountant and/or Public
Publik dan/atau Kantor Akuntan Publik. Proses Accounting Firm was still in process. The process
pemilihan Akuntan Publik dan/atau Kantor Akuntan of selecting the Company’s Public Accountant and/
Publik Perseroan didasarkan pada kriteria, antara lain: or Public Accountant Firm is based on the following
criteria:
• Terdaftar pada Otoritas Jasa Keuangan; • Registered at the Financial Services Authority;
• Memiliki kompetensi dan pengalaman dalam • Having competence and experience in providing
memberikan jasa audit laporan keuangan audit services for financial statements of public
perusahaan terbuka yang bergerak di bidang pasar companies engaged in the capital market or
modal atau perusahaan efek, dan memahami securities companies, and understanding the
kompleksitas usaha Perseroan; dan complexity of the Company’s business; and
• Independen terhadap grup Perseroan. • Independent from the Company’s group.
Berdasarkan Surat Keputusan Dewan Komisaris tentang Based on the Board of Commissioners’ Decree
Penunjukan Kantor Akuntan Publik Tahun 2025 No. regarding the Appointment of a Public Accounting Firm
016/BoC/X/2025.TRIM tanggal 29 Oktober 2025 2025 No. 016/BoC/X/2025.TRIM dated October 29,
Perseroan telah memutuskan untuk menggunakan jasa 2025, the Company has decided to use the services of
KAP Purwanto Susanti dan Surja (A member of Ernst & PAF Purwanto Susanti and Surja (A member of Ernst
Young Global Limited) dengan Akuntan Publik (Signing & Young Global Limited) with a Public Accountant
Partner) bernama Yovita untuk melakukan audit (Signing Partner) named Yovita to conduct an audit
terhadap Laporan Keuangan Perseroan yang berakhir on the Company’s Financial Statements for the year
pada tanggal 31 Desember 2025. ending on December 31, 2025.
PT Trimegah Sekuritas Indonesia Tbk
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Informasi Akuntan Publik
Information on Public Accountant
Alamat Kantor Akuntan Publik Public Accounting Firm Address
KAP Purwanto Susanti dan Surja KAP Purwanto Susanti dan Surja
Gedung Bursa Efek Indonesia Indonesia Stock Exchange Building
Tower 2, Lantai 7 Tower 2, 7th Floor
Jl. Jend. Sudirman Kav. 52-53 Jl. Jend. Sudirman Kav. 52-53
Jakarta 12910, Indonesia Jakarta 12910, Indonesia
t. +62-21 5289 5000 t. +62-21 5289 5000
f. +62-21 5289 4100 f. +62-21 5289 4100
Daftar AP dan KAP Periode 5 Tahun Terakhir
List of PA and PAF for the Last 5 Years
Tahun Nama Kantor Nama Akuntan Biaya Opini Audit
Buku Akuntan Publik Publik
Fiscal Year Name of Public Name of Public Fee Audit Opinion
Accounting Firm Accountant (Rp)
“Wajar dalam Semua Hal yang
KAP Purwanto
2025 Yovita 1.696.000.000 Material”
Susanti dan Surja
“Fair in All Material Respects”
“Wajar dalam Semua Hal yang
KAP Purwantono,
2024 Yovita 1.600.000.000 Material”
Sungkoro & Surja
“Fair in All Material Respects” 73
“Wajar dalam Semua Hal yang
KAP Purwantono,
2023 Yovita 1.520.000.000 Material”
Sungkoro & Surja
“Fair in All Material Respects”
“Wajar dalam Semua Hal yang
KAP Purwantono,
2022 Yovita 1.440.000.000 Material”
Sungkoro & Surja
“Fair in All Material Respects”
“Wajar dalam Semua Hal yang
KAP Purwantono, Christophorus
2021 1.340.000.000 Material”
Sungkoro & Surja Alvin Kossim
“Fair in All Material Respects”
Jasa Lain-lain yang Diberikan pada Tahun 2025 Other Services Provided in 2025
Selain penugasan audit umum untuk Laporan In addition to the general audit assignment for the
Keuangan Konsolidasian Perseroan dan entitas Consolidated Financial Statements of the Company
anaknya untuk tahun buku yang berakhir pada tanggal and its subsidiaries for the financial year ending on
31 Desember 2025, KAP Purwanto Susanti dan Surja December 31, 2025, KAP Purwanto Susanti and Surja
juga memberikan Jasa Asurans terbatas selain audit also provided limited Assurance Services in addition to
atau reviu informasi keuangan historis atas Modal Kerja auditing or reviewing historical financial information
Bersih Disesuaikan (MKBD) Perusahaan tahun 2025. on the Company’s Adjusted Net Working Capital
(ANWC) for 2025.
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Sekilas tentang Trimegah Asset Management
Trimegah Asset Management at a Glance
PT Trimegah Asset Management merupakan anak PT Trimegah Asset Management is a subsidiary of PT
perusahaan dari PT Trimegah Sekuritas Indonesia Tbk, Trimegah Sekuritas Indonesia Tbk, one of the leading
salah satu perusahaan sekuritas terkemuka dengan securities companies with more than 30 years of
pengalaman lebih dari 30 tahun di pasar modal experience in Indonesia’s capital markets.
Indonesia.
Pada 31 Januari 2011, PT Trimegah Asset Management On January 31, 2011, PT Trimegah Asset Management
memperoleh Izin Usaha Perusahaan Efek yang earned its business license to operate as an Investment
melakukan kegiatan usaha sebagai Manajer Investasi Management providing fund management services.
untuk memberikan layanan pengelolaan dana.
Kami menyediakan berbagai produk investasi untuk We offer variety of investment products for all asset
semua kelas aset yang terdiri atas efek saham, classes consisting of equity, fixed income and money
pendapatan tetap, dan pasar uang melalui reksa market instruments through mutual and discretionary
dana dan discretionary fund dengan dukungan para funds supported by experienced professionals in the
profesional yang berpengalaman di industri Pasar capital markets. We focus on innovation and growth
Modal. Kami fokus untuk berinovasi dan berkembang through investment products tailored to the needs of
melalui produk-produk investasi yang disesuaikan individual, corporate clients, financial institutions and
dengan kebutuhan nasabah individu, korporasi, pension funds, with a goal of achieving an optimum
lembaga keuangan dan dana pensiun untuk mencapai return in a long run investment.
hasil yang optimal dalam investasi jangka panjang.
Kami berkomitmen untuk menjadi mitra utama We are committed to becoming your main partner 75
Anda dalam berinvestasi dengan meningkatkan in investment by improving the quality and range
kualitas dan jangkauan pelayanan melalui kerja sama of services through cooperation with many parties
dengan berbagai pihak termasuk bank, perusahaan including reputable banks, securities companies and
efek terkemuka dan perusahaan financial technology financial technology companies as selling agents.
sebagai agen penjual.
Bidang Usaha Manajer Investasi
Line of Business Investment Management
Kepemilikan per 31 Desember 2025 99,99%
Ownership as of December 31, 2025 99.99%
Status Operasi Beroperasi
Operational Status Operating
Jumlah Aset sebelum Eliminasi per 31 Desember 2025 Rp421,8 miliar
Total Asset before Elimination as of December 31, 2025 Rp421.8 billion
Alamat Kontak
Contact Address
Gedung Artha Graha 19th Floor Tel : +62-21 2924 8030
Jl. Jend. Sudirman Kav. 52-53 Fax : +62-21 2924 8040
Jakarta 12190, Indonesia E-mail : cs_tram@trimegah.com
Website : www.trimegah-am.com
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Dewan Komisaris
The Board of Commissioners
Togu Cornetius
Simanjuntak
Komisaris Independen
Independent Commissioner
76
PT Trimegah Sekuritas Indonesia Tbk
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03 COMPANY PROFILE
Dewan Komisaris
The Board of Commissioners
Agus D.
Priyambada
Komisaris
Commissioner
77
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Dewan Komisaris
The Board of Commissioners
Togu Cornetius Simanjuntak
Komisaris Independen
Independent Commissioner
Memperoleh gelar Sarjana Ekonomi dari Earned Bachelor’s Degree in Economics
Universitas Krisnadwipayana, Jakarta from University of Krisnadwipayana,
pada tahun 1984. Pemegang sertifikat Jakarta in 1984. He holds Fund Manager
Wakil Manajer Investasi (WMI) dari OJK License No. KEP-153/PM.021/PJ-
No. KEP-153/PM.021/PJ-WMI/TTE/2025 WMI/TTE/2025 on 25 February 2025
tanggal 25 Februari 2025. officiated by OJK.
Beberapa posisi penting sebelum Served in various positions before joining
bergabung dengan Perseroan antara lain the Company as Head of Compliance
Kepala Bagian Kepatuhan Pengelolaan of Investment Management in Capital
Investasi di Bapepam-LK (2006-2011), Market and Financial Institutions
Komisaris PT Equator Investment, Supervisory Agency “(Bapepam-LK)”
Anggota Komite Audit Bursa Efek (2006-2011), Commissioner of PT
Indonesia (2015-2020), dan Anggota Equator Investment, Member of Audit
Komite Audit PT Kliring Penjamin Efek Committee of Indonesia Stock Exchange
Indonesia (2021-2023). (2015-2020), and Member of Audit
Committee of Indonesia Clearing and
Guarantee Corporation (2021-2023).
Saat ini menjabat sebagai Komisaris Currently serves as Independent
78 Independen PT Multi Medika Commissioner of PT Multi Medika
International dan sebagai Anggota Internasional and as Board of
Dewan Pengawas Asosiasi Manajer Supervisor at Indonesia Investment
Investasi Indonesia (AMII) dan sejak Manager Association (AMII) and
Desember 2024 menjabat sebagai as of December 2024 he serves as
Komisaris Independen di PT Gemilang Independent Commissioner at PT
Artha Makmur Abadi. Menjabat Gemilang Artha Makmur Abadi. Has
sebagai Komisaris PT Trimegah Asset served as Commissioner of PT Trimegah
Management sejak Oktober 2015 dan Asset Management since October
menjadi Komisaris Independen sejak 2015 and now serves as Independent
April 2019. Commissioner since April 2019.
PT Trimegah Sekuritas Indonesia Tbk
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03 COMPANY PROFILE
Dewan Komisaris
The Board of Commissioners
Agus D. Priyambada
Komisaris
Commissioner
Memperoleh gelar Sarjana Ekonomi Earned Bachelor’s Degree in Economics
Konsentrasi Uang & Bank, dan Ekonomi majoring in Money & Banking, and
Internasional dari Fakultas Ekonomi dan International Economics from Faculty
Bisnis, Universitas Indonesia, dan Master of Economics and Business, University
of Science in Economics dalam bidang of Indonesia, and Master of Science in
Ekonomi Moneter & Internasional dari Economics majoring in Monetary &
University of Illinois at Urbana Champaign, International Economics from University
Amerika Serikat. of Illinois at Urbana Champaign, the
United States.
Pemegang Izin Wakil Manajer Investasi Holder of the Investment Manager
berdasarkan Keputusan Ketua Badan Representative License based on the Decree
Pengawas Pasar Modal dan Lembaga of the Chairman of the Capital Market and
Keuangan Nomor : KEP-134/BL/WMI/2012 Financial Institutions Supervisory Agency
tertanggal 28 Juni 2012, dan telah Number KEP-134/BL/WMI/2012 dated
diperpanjang dengan Keputusan Dewan 28 June 2012, which was subsequently
Komisioner Otoritas Jasa Keuangan Nomor renewed through the Decree of the
KEP-553/PM.21/PJ-WMI/2022 tanggal Board of Commissioners of the Financial
22 Agustus 2022, serta Pemegang Izin Services Authority Number KEP-553/
Wakil Penjamin Emisi Efek berdasarkan PM.21/ PJ-WMI/2022 dated 22 August
Keputusan Ketua Badan Pengawas Pasar 2022, as well as Holder of the Securities
79
Modal dan Lembaga Keuangan Nomor Underwriter Representative License based
Nomor : KEP-35/BL/WPEE/2012 tertanggal on the Decree of the Chairman of the
29 Juni 2012, dan telah diperpanjang Capital Market and Financial Institutions
dengan Keputusan Dewan Komisioner Supervisory Agency Number KEP-35/BL/
Otoritas Jasa Keuangan Nomor KEP-214/ WPEE/2012 dated 29 June 2012, which
PM.021/PJ-WPEE/TTE/2025 tanggal 24 was subsequently renewed through the
Juni 2025. Decree of the Board of Commissioners of
the Financial Services Authority Number
KEP-214/PM.021/ PJ-WPEE/TTE/2025
dated 24 June 2025.
Pernah menjabat sebagai Ekonom pada Previously served as an Economist in
Divisi Research PT Trimegah Sekuritas Research Division of PT Trimegah Sekuritas
Indonesia Tbk sebelum bergabung dengan Indonesia Tbk before joining Corporate
Divisi Corporate Secretary sebagai Investor Secretary Division as Investor Relations
Relations & Corporate Communications, & Corporate Communications, and then
dan kemudian menjabat sebagai Sekretaris served as Corporate Secretary of PT
Perusahaan PT Trimegah Sekuritas Trimegah Sekuritas Indonesia Tbk from
Indonesia Tbk tahun 2010-2024. 2010-2024.
Saat ini menjabat sebagai Komisaris PT Currently serving as Commissioner of PT
Trimegah Asset Management sejak Januari Trimegah Asset Management since January
2025. 2025.
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Direksi
The Board of Directors
Hendra Wijaya
Harahap
Direktur
Director
80
PT Trimegah Sekuritas Indonesia Tbk
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03 COMPANY PROFILE
Direksi
The Board of Directors
Antony Dirga
Direktur Utama
President Director
Darmayudha
Direktur
Director
81
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Direksi
The Board of Directors
Antony Dirga
Direktur Utama
President Director
Memperoleh gelar BSc (Summa cum Earned BSc (Summa cum Laude) in
Laude) di bidang Electrical Engineering, Electrical Engineering, and M.Eng in
dan gelar M.Eng di bidang Engineering Engineering Management from Cornell
Management, keduanya dari Cornell University, New York, U.S.A. Holds
University, New York, Amerika Serikat. Chartered Financial Analyst (CFA)
Pemegang sertifikat Chartered Financial certificate and Fund Manager License
Analyst (CFA) dan Wakil Manajer No. KEP-324/PM.021/PJ-WMI/TTE/2025
Investasi (WMI) dari OJK No. KEP-324/ on 05 May 2025 officiated by OJK.
PM.021/PJ-WMI/TTE/2025 tanggal 05
Mei 2025.
Beberapa posisi penting sebelum Served in various positions before
bergabung dengan Trimegah antara lain joining the Company as Corporate Bond
Corporate Bond Quantitative Analyst Quantitative Analyst at J.P. Morgan
di J.P. Morgan Investment Management Investment Management Inc., New
Inc., New York (1998-2000), Asian York (1998-2000), Asian Macro/Equity
Macro/Equity Analyst di J.P. Morgan Analyst at J.P. Morgan Fleming Asset
82 Fleming Asset Management Inc., Management Inc., Singapore (2000-
Singapura (2000-2002), Asian Macro 2002), Asian Macro Analyst/Trader at
Analyst/Trader di PMA Investment PMA Investment Advisor Ltd., Hong
Advisor Ltd., Hong Kong (2002-2003), Kong (2002-2003), and Senior Portfolio
dan Senior Portofolio Manager di Manager at Temasek Holdings/Fullerton
Temasek Holdings/Fullerton Fund Fund Management, Singapore (2003-
Management, Singapura (2003-2013). 2013).
Pernah menjabat sebagai Komisaris PT Served as Commissioner PT Trimegah
Trimegah Asset Management (Desember Asset Management (December 2013 –
2013 – Maret 2015) dan sebagai Direktur March 2015) and as Director since March
sejak Maret 2015. Pada Oktober 2016, 2015. In October 2016, he was appointed
diangkat sebagai Direktur Utama PT as President Director PT Trimegah Asset
Trimegah Asset Management. Management.
PT Trimegah Sekuritas Indonesia Tbk
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03 COMPANY PROFILE
Direksi
The Board of Directors
Hendra Wijaya Harahap
Direktur
Director
Memperoleh gelar Sarjana Akuntansi Earned Bachelor’s Degree in Accounting
pada tahun 1997 dan gelar Magister in 1997, and Master of Science in
Sains Manajemen pada tahun 2015, Management in 2015, both from
keduanya dari Fakultas Ekonomi dan Faculty of Economics and Business,
Bisnis, Universitas Indonesia. Pemegang University of Indonesia. Holder of the
sertifikat Wakil Manajer Investasi (WMI) Investment Manager Representative
dari OJK No. KEP-74/PM.021/PJ-WMI/ (WMI) Certificate issued by the Financial
TTE/2025 tanggal 30 Januari 2025. Services Authority (OJK) under Decree
Number KEP-74/PM.021/PJ-WMI/
TTE/2025 dated 30 January 2025.
Beberapa posisi penting sebelum Served in various positions before
bergabung dengan Trimegah antara joining the Company as Senior Auditor
lain Senior Auditor di Prasetio, Utomo at Prasetio, Utomo & Co (1997-1999)
& Co (1997-1999), berbagai posisi and various senior positions at Samuel
senior di Samuel Securities (1999- Securities (1999-2009). Joined PT
2009). Bergabung dengan PT Trimegah Trimegah Sekuritas Indonesia Tbk as
Sekuritas Indonesia Tbk sebagai Kepala Head of Strategy and Performance 83
Divisi Strategy and Performance Reporting in 2010.
Reporting pada tahun 2010.
Menjabat sebagai Komisaris PT Trimegah Served as Commissioner of PT Trimegah
Asset Management pada tahun 2012– Asset Management in 2012–2013,
2013, dan pada saat ini menjabat and currently serves as Director of PT
sebagai Direktur PT Trimegah Asset Trimegah Asset Management since July
Management sejak Juli 2015. 2015.
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Direksi
The Board of Directors
Darmayudha
Direktur
Director
Warga Negara Indonesia, usia 38 Indonesian citizen, 38 years old,
tahun, berdomisili di Jakarta. Lulus dari domiciled in Jakarta. Holds a Bachelor
Manajemen Keuangan dan Perbankan, of Financial Management and Banking
Indonesia Banking School, Jakarta. from Indonesia Banking School, Jakarta.
Mengawali karir di bidang pasar modal Began his career in the capital markets as
sebagai Investment Analyst di Dana an Investment Analyst at Dana Pensiun
Pensiun Astra pada tahun 2009 hingga Astra from 2009 to 2012. Continuing
2012. Melanjutkan karirnya sebagai his career as a Budget Analyst at PT
Budget Analyst di PT United Tractors United Tractors Tbk in 2012-2013. Joined
Tbk pada tahun 2012-2013. Bergabung Trimegah Asset Management in 2013
dengan Trimegah Asset Management as an Investment Specialist, then as a
pada tahun 2013 sebagai Investment Fixed Income Fund Manager (2013-
Specialist, sebagai Fixed Income Fund 2017) and as a Head of Fixed Income
Manager (2013-2017), dan sebagai Head Manager (2017- April 2024). Appointed
of Fixed Income Manager (2017- April as Director of PT Trimegah Asset
2024). Diangkat sebagai Direktur PT Management in April 2024.
84 Trimegah Asset Management sejak April
2024.
Pemegang Sertifikat Wakil Manajer Holder of the Investment Manager
Investasi (WMI) dari OJK No.: KEP-496/ Representative (WMI) Certificate issued
PM.021/PJ-WMI/TTE/2025 tanggal 04 by the Financial Services Authority
Juli 2025. (OJK) under Decree Number KEP-496/
PM.021/PJ-WMI/TTE/2025 dated 4 July
2025.
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85
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Penghargaan
Awards
Penghargaan “Best IPO/Equity Deal Of The Year In Indonesia 2024”
2024
- PT Adaro Andalan’s IDR4.59 trillion (US$290.9 million) IPO di mana
Perseroan sebagai Underwriter - Alpha Southeast Asia 18th Annual Best
Deal & Solution Awards 2024
“Best IPO/Equity Deal Of The Year In Indonesia 2024” Award - PT Adaro
Andalan’s IDR4.59 trillion (US$290.9 million) IPO - Lead Underwriter:
Trimegah Sekuritas Indonesia Tbk - Alpha Southeast Asia 18th Annual
Best Deal & Solution Awards 2024
Penghargaan “Best SDG Bond In S.E.A & Most Innovative Islamic Finance
Deal Of The Year 2024” - PT Sarana Multigriya Finansial (Persero)’s
IDR1.143 trillion (US$72.1 million) Bonds and IDR1.5 trillion (US$94.6
million) Social Bond di mana Perseroan bertindak sebagai salah satu Lead
Underwriter - Alpha Southeast Asia 18th Annual Best Deal & Solution
Awards 2024
“Best SDG Bond In S.E.A & Most Innovative Islamic Finance Deal Of The
Year 2024” Award - PT Sarana Multigriya Financial (Persero)’s IDR1.143
trillion (US$72.1 million) Bonds and IDR1.5 trillion (US$94.6 million)
Social Bond - Lead Underwriters: PT Trimegah Sekuritas Indonesia Tbk
- Alpha Southeast Asia 18th Annual Best Deal & Solution Awards 2024
Penghargaan “Best Mudarabah Sukuk In Southeast Asia 2024” - PT Bank
Syariah Indonesia’s IDR3 trillion (US$189.20 million) Sukuk Mudharaba
di mana Perseroan bertindak sebagai salah satu Underwriter - Alpha
86 Southeast Asia 18th Annual Best Deal & Solution Awards 2024
“Best Mudarabah Sukuk In Southeast Asia 2024” Award - PT Bank Syariah
Indonesia’s IDR3 trillion (US$189.20 million) Sukuk Mudharaba - Joint
Underwriters: PT Trimegah Sekuritas Indonesia Tbk - Alpha Southeast
Asia 18th Annual Best Deal & Solution Awards 2024
Penghargaan “Most Engage Dealer - PT Trimegah Sekuritas Indonesia
Tbk” - IDX SPPA Award 2024
“Most Engage Dealer - PT Trimegah Sekuritas Indonesia Tbk” Award - IDX
SPPA Award 2024
Penghargaan “Most Active RFO Trader dan Most Active Price Giver
Trader” untuk Ricky Christenert, Proprietary Trader Fixed Income Market
Perseroan - SPPA Scaling Up Campaign 2024 - IDX SPPA Award 2024
Ricky Christenert, Proprietary Trader of Fixed Income Market PT Trimegah
Sekuritas Indonesia Tbk received the predicate “Most Active RFO Trader
and Most Active Price Giver Trader” - SPPA Scaling Up Campaign 2024 -
IDX SPPA Award 2024
PT Trimegah Sekuritas Indonesia Tbk
Page 87
03 COMPANY PROFILE
Penghargaan
Awards
Penghargaan “Perusahaan Sekuritas Terbaik ke-3 Tahun 2025 - Penjamin
2025
Emisi Efek & Perantara Pedagang Efek - Aset Rp2,5 Triliun s.d. Rp5 Triliun”
- 14th Infobank Isentia Digital Brand 2025
“The 3rd Best Securities Company 2025 – Underwriter & Brokerage
Service – Asset Rp2,5 Trillion up to Rp5 Trillion” Award - 14th Infobank
Isentia Digital Brand 2025
Penghargaan “The Best Sectors Investortrust Companies 2025 - Sektor
Keuangan” - The Best Investortrust Companies 2025
“The Best Sectors Investortrust Companies 2025 - Sektor Keuangan”
Award - The Best Investortrust Companies 2025
Penghargaan “Top Arrangers – Investors’ Choice for Primary Issues
Corporate Bonds – Indonesian Rupiah – Rank 1” – Local Currency Bonds
Benchmark Review 2025 – The Asset Benchmark Research Awards 2025
“Top Arrangers – Investors’ Choice for Primary Issues Corporate Bonds –
Indonesian Rupiah – Rank 1st” Award – Local Currency Bonds Benchmark
Review 2025 – The Asset Benchmark Research Awards 2025
87
Penghargaan “Top Sellside Firms in the Secondary Market (Corporate
Bonds) – Indonesian Rupiah – Rank 1” – Local Currency Bonds Benchmark
Review 2025 – The Asset Benchmark Research Awards 2025
“Top Sellside Firms in the Secondary Market Corporate Bonds –
Indonesian Rupiah – Rank 1st” Award – Local Currency Bonds Benchmark
Review 2025 – The Asset Benchmark Research Awards 2025
Penghargaan “Top Arrangers – Investors’ Choice for Primary Issues
Government Bonds – Indonesian Rupiah – Rank 3” – Local Currency
Bonds Benchmark Review 2025 – The Asset Benchmark Research Awards
2025
“Top Arrangers – Investors’ Choice for Primary Issues Government
Bonds – Indonesian Rupiah – Rank 3rd” Award – Local Currency Bonds
Benchmark Review 2025 – The Asset Benchmark Research Awards 2025
Penghargaan “Best Sellside Individual Research - Indonesian Rupiah”
Award – Rank 2 untuk Fakhrul Fulvian, Chief Economist & Head of Fixed
Income Research - Local Currency Bonds Benchmark Review 2025 - The
Asset Benchmark Research Awards 2025
Fakhrul Fulvian, Chief Economist & Head of Fixed Income Research PT
Trimegah Sekuritas Indonesia Tbk received the predicate “Best Sellside
Individual in Research – Indonesian Rupiah – Rank 2” – Local Currency
Bonds Benchmark Review 2025 - The Asset Benchmark Research Awards
2025
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 88
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Penghargaan
Awards
2025
Penghargaan “Indonesia Best Corporate Secretary Awards 2025” - The
Iconomics
“Indonesia Best Corporate Secretary Awards 2025” Award - The
Iconomics
Penghargaan “Indonesia Top Good Corporate Governance (GCG) Awards
2025” - The Iconomics
“Indonesia Top Good Corporate Governance (GCG) Awards 2025” Award
- The Iconomics
Penghargaan “Anugerah Brand Populer Indonesia – Kategori Jasa
Keuangan (Manajer Investasi)”, untuk Trimegah Asset Management –
Disway Awards 2025
“Anugerah Brand Populer Indonesia – Financial Services Investment
Manager Category” Award for Trimegah Asset Management – Disway
Awards 2025
88
Penghargaan “Silver Winner – Best Fixed Income Fund Product Category,
5 Tahun”, untuk Trimegah Fixed Income Plan – Bareksa Fund Awards 2025
“Silver Winner – Best Fixed Income Fund Product Category, 5 Years”
Award for Trimegah Fixed Income Plan – Bareksa Fund Awards 2025
Penghargaan “Silver Winner – Best Fixed Income Fund Product Category,
3 Tahun”, untuk Trimegah Fixed Income Plan – Bareksa Fund Awards 2025
“Silver Winner – Best Fixed Income Fund Product Category, 3 Years”
Award for Trimegah Fixed Income Plan – Bareksa Fund Awards 2025
Penghargaan “Gold Winner – Best Sharia Fixed Income Fund Product
Category, 5 Tahun”, untuk Trimegah Dana Tetap Syariah Kelas A – Bareksa
Fund Awards 2025
“Gold Winner – Best Sharia Fixed Income Fund Product Category, 5
Years” Award for Trimegah Dana Tetap Syariah Class A – Bareksa Fund
Awards 2025
Penghargaan “Gold Winner – Best Sharia Fixed Income Fund Product
Category, 1 Tahun”, untuk Trimegah Dana Tetap Syariah Kelas A – Bareksa
Fund Awards 2025
“Gold Winner – Best Sharia Fixed Income Fund Product Category, 1 Year”
Award for Trimegah Dana Tetap Syariah Class A – Bareksa Fund Awards
2025
PT Trimegah Sekuritas Indonesia Tbk
Page 89
03 COMPANY PROFILE
Penghargaan
Awards
Penghargaan “Gold Winner – Best Sharia Fixed Income Fund Product
2025
Category, 3 Tahun”, untuk Trimegah Dana Tetap Syariah Kelas A – Bareksa
Fund Awards 2025
“Gold Winner – Best Sharia Fixed Income Fund Product Category, 3
Years” Award for Trimegah Dana Tetap Syariah Class A – Bareksa Fund
Awards 2025
Penghargaan “Gold Winner – Best Fixed Income Fund Product Category,
1 Tahun”, untuk Trimegah Dana Obligasi Nusantara – Bareksa Fund
Awards 2025
“Gold Winner – Best Fixed Income Fund Product Category, 1 Year” Award
for Trimegah Dana Obligasi Nusantara – Bareksa Fund Awards 2025
Penghargaan “Silver Winner – Best Equity Fund Product Category, 1
Tahun”, untuk TRIM Kapital Plus – Bareksa Fund Awards 2025
“Silver Winner – Best Equity Fund Product Category, 1 Year” Award for
TRIM Kapital Plus – Bareksa Fund Awards 2025
89
Penghargaan “Gold Winner – Best Equity Fund Product Category, 5
Tahun”, untuk TRIM Kapital Plus – Bareksa Fund Awards 2025
“Gold Winner – Best Equity Fund Product Category, 5 Years” Award for
TRIM Kapital Plus – Bareksa Fund Awards 2025
Penghargaan “Gold Winner – Best Equity Fund Product Category, 3
Tahun”, untuk TRIM Kapital Plus – Bareksa Fund Awards 2025
“Gold Winner – Best Equity Fund Product Category, 3 Years” Award for
TRIM Kapital Plus – Bareksa Fund Awards 2025
Penghargaan “Best Sharia Fixed Income Mutual Fund Category, 1 &
3 Tahun”, untuk Trimegah Dana Tetap Syariah Kelas A – Investortrust
Infovesta Best Sharia Awards 2025
“Best Sharia Fixed Income Mutual Fund Category, 1 & 3 Years” Award
for Trimegah Dana Tetap Syariah Class A – Investortrust Infovesta Best
Sharia Awards 2025
Penghargaan “Best Investment Manager – Kategori Saham IDR Periode
5 tahun & 10 tahun”, untuk Trimegah Asset Management – Investortrust
Infovesta Investment Manager Awards 2025
“Best Investment Manager – Equity IDR Category, 5 & 10 Years” Award
2025 Annual Report
for Trimegah Asset Management – Investortrust Infovesta Investment
Manager Awards 2025
ON OUR PACE, RUNNING FURTHER
Page 90
03 PROFIL PERUSAHAAN
Laporan Tahunan 2025
Penghargaan
Awards
Penghargaan “Most Trusted Financial Brand – Kategori Perusahaan
2025
Manajer Investasi, Kategori Manajer Investasi Reksa Dana Saham”, untuk
Trimegah Asset Management – Investortrust Infovesta Most Trusted
Financial Brand Awards 2025
“Most Trusted Financial Brand – Investment Manager Company Category,
Equity Mutual Fund Investment Manager Category” Award for Trimegah
Asset Management – Investortrust Infovesta Most Trusted Financial
Brand Awards 2025
Penghargaan “Reksa Dana Terbaik Kategori Pendapatan Tetap, Periode 3
Tahun, Kelas Aset IDR 500 miliar – 1 Triliun”, untuk TRIM Dana Tetap 2
Kelas A – Investortrust Infovesta Best Mutual Fund Awards 2025
“Best Fixed Income Mutual Fund Category, 3 Years, Asset Class IDR 500
Billion – 1 Trillion” Award for TRIM Dana Tetap 2 Class A – Investortrust
Infovesta Best Mutual Fund Awards 2025
Penghargaan “Reksa Dana Terbaik Kategori Pendapatan Tetap, Periode 1
Tahun, Kelas Aset IDR 500 miliar – 1 Triliun”, untuk TRIM Dana Tetap 2
Kelas A – Investortrust Infovesta Best Mutual Fund Awards 2025
“Best Fixed Income Mutual Fund Category, 1 Year, Asset Class IDR 500
Billion–1 Trillion” Award for TRIM Dana Tetap 2 Class A – Investortrust
90 Infovesta Best Mutual Fund Awards 2025
Penghargaan “Reksa Dana Terbaik Kategori Pendapatan Tetap, Periode 3
Tahun, Kelas Aset > IDR 1 Triliun”, untuk Trimegah Fixed Income Plan –
Investortrust Infovesta Best Mutual Fund Awards 2025
“Best Fixed Income Mutual Fund Category, 3 Years, Asset Class > IDR 1
Trillion” Award for Trimegah Fixed Income Plan – Investortrust Infovesta
Best Mutual Fund Awards 2025
Penghargaan “Reksa Dana Terbaik Kategori Campuran, Periode 5 Tahun,
Kelas Aset 100 miliar – 500 miliar”, untuk Trimegah Balanced Absolute
Strategy Class A – Investortrust Infovesta Best Mutual Fund Awards 2025
“Best Balanced Mutual Fund Category, 5 Years, Asset Class IDR 100
Billion – 500 Billion” Award for Trimegah Balanced Absolute Strategy
Class A – Investortrust Infovesta Best Mutual Fund Awards 2025
Penghargaan “Reksa Dana Terbaik Kategori Saham, Periode 10 Tahun,
Kelas Aset 100 Miliar – 500 Miliar”, untuk TRIM Kapital Plus – Investortrust
Infovesta Best Mutual Fund Awards 2025
“Best Equity Mutual Fund Category, 10 Years, Asset Class IDR 100 Billion
– 500 Billion” Award for TRIM Kapital Plus – Investortrust Infovesta Best
Mutual Fund Awards 2025
PT Trimegah Sekuritas Indonesia Tbk
Page 91
03 COMPANY PROFILE
Penghargaan
Awards
Penghargaan “Reksa Dana Terbaik Kategori Saham, Periode 5 Tahun, Kelas
2025
Aset 100 Miliar – 500 Miliar”, untuk TRIM Kapital Plus – Investortrust
Infovesta Best Mutual Fund Awards 2025
“Best Equity Mutual Fund Category, 5 Years, Asset Class IDR 100 Billion
– 500 Billion” Award for TRIM Kapital Plus – Investortrust Infovesta Best
Mutual Fund Awards 2025
Penghargaan “Reksa Dana Terbaik Kategori Saham, Periode 10 Tahun,
Kelas Aset 100 Miliar - 500 Miliar”, untuk TRAM Consumption Plus Class A –
Investortrust Infovesta Best Mutual Fund Awards 2025
“Best Equity Mutual Fund Category, 10 Years, Asset Class IDR 100 Billion
– 500 Billion” Award for TRAM Consumption Plus Class A – Investortrust
Infovesta Best Mutual Fund Awards 2025
Penghargaan “Reksa Dana Terbaik Kategori Saham, Periode 3 Tahun, Kelas
Aset > IDR 1 Triliun”, untuk Trimegah Saham Nusantara – Investortrust
Infovesta Best Mutual Fund Awards 2025
“Best Equity Mutual Fund Category, 3 Years, Asset Class > IDR 1 Trillion”
Award for Trimegah Saham Nusantara – Investortrust Infovesta Best
Mutual Fund Awards 2025
91
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 92
04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
92
PT Trimegah Sekuritas Indonesia Tbk
Page 93
04 MANAGEMENT DISCUSSION & ANALYSIS
93
04
Pushing
Through
the Miles
Analisis dan
2025 Annual Report
Pembahasan Manajemen
Management Discussion & Analysis
ON OUR PACE, RUNNING FURTHER
Page 94
04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Makroekonomi
Overview of Macroeconomy
Tahun 2025 menghadirkan sejumlah tantangan global The year 2025 presented a range of complex global
yang kompleks seiring meningkatnya tekanan inflasi challenges, marked by rising inflationary pressures in
di sejumlah negara maju, fluktuasi nilai tukar, serta several advanced economies, exchange rate volatility,
ketegangan geopolitik yang mempengaruhi arus and geopolitical tensions that affected capital flows
modal dan sentimen investor internasional. Perang and international investor sentiment. The trade war
dagang antara Amerika Serikat (AS) dan Tiongkok between the United States (U.S.) and China intensified
kembali menguat, sementara kebijakan proteksionis once again, while U.S. protectionist policies also
AS juga menimbulkan ketegangan dengan mitra Eropa created frictions with its European and North American
dan Amerika Utara. Di sisi lain, negara-negara Eropa partners. Meanwhile, European countries strengthened
memperkuat kebijakan industri dan perdagangan their industrial and trade policies to address the
untuk menghadapi perlambatan permintaan eksternal. slowdown in external demand. These conditions led to
Kondisi ini membuat aliran modal global lebih selektif, more selective global capital flows, although monetary
meski kebijakan moneter dan fiskal di beberapa negara and fiscal policies in several emerging economies were
berkembang berhasil menjaga stabilitas pertumbuhan able to maintain growth stability, thereby providing
sehingga memberikan dukungan bagi pasar keuangan support to global financial markets that remain
global yang masih rentan terhadap volatilitas. vulnerable to volatility.
Di tengah dinamika global tersebut, ekonomi Indonesia Amid these global dynamics, Indonesia’s economy
menunjukkan ketahanan yang nyata. Fundamental demonstrated notable resilience. Strong fundamentals
yang solid berhasil menopang pertumbuhan, sekaligus supported growth while reinforcing confidence among
membangun keyakinan investor domestik maupun both domestic and international investors. In 2025,
internasional. Pada tahun 2025, perekonomian Indonesia’s economy grew by 5.11% year-on-year (yoy),
Indonesia tumbuh 5,11% (yoy), tercepat dalam tiga the fastest pace in the past three years, driven by robust
94
tahun terakhir, didorong oleh konsumsi domestik yang domestic consumption, increased private investment,
kuat, peningkatan investasi swasta, serta aktivitas and sustained activity in the real sector. Although
sektor riil yang tetap terjaga. Meskipun sedikit di slightly below the government’s target, this stability
bawah target pemerintah, stabilitas ini menjadi fondasi provided a solid foundation for a positive medium-term
bagi prospek pasar jangka menengah yang positif. market outlook.
Di sisi lain, kebijakan pro-market yang diterapkan On the other hand, pro-market policies implemented
sepanjang tahun salah satunya dengan meningkatkan throughout the year, among others, efforts to enhance
likuiditas di sektor perbankan menyebabkan tingkat liquidity in the banking sector, resulted in more
suku bunga yang kompetitif dan memberikan efek competitive interest rates and generated a positive
positif bagi industri sekuritas serta pasar modal impact on the securities industry as well as the domestic
domestik. capital market.
Kondisi Pasar Modal Tahun 2025 Capital Market Conditions in 2025
Indeks Harga Saham Gabungan (IHSG) mencatat kinerja The Indonesia Composite Index (IDX Composite)
yang menonjol sepanjang 2025, dengan penguatan recorded a strong performance throughout 2025, rising
sebesar ±1.200 poin atau tumbuh 22,13% (yoy) by approximately 1,200 points or 22.13% year-on-year
dibandingkan tahun lalu dan ditutup di level 8.646,94 (yoy) compared to the previous year, and closing at
pada 31 Desember 2025. IHSG mencatat All-Time High 8,646.94 as of 31 December 2025. The IDX Composite
sebanyak 24 kali sepanjang tahun, didorong terutama reached all-time highs on 24 times during the year,
oleh penguatan saham konglomerasi dan sektor driven primarily by gains in conglomerate stocks and
berbasis komoditas serta dukungan dari meningkatnya commodity-based sectors, as well as supported by
partisipasi Investor ritel menjadi mesin pendorong increased retail investor participation, which served as
utama pasar ekuitas yang berhasil meningkat signifikan. a key driver of the equity market’s significant growth.
PT Trimegah Sekuritas Indonesia Tbk
Page 95
04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Makroekonomi
Overview of Macroeconomy
Pasar obligasi domestik menunjukkan ketahanan The domestic bond market demonstrated solid
yang kuat meski menghadapi volatilitas global dan resilience despite global and domestic volatility. The
domestik. Indonesia Composite Bond Index (ICBI) Indonesia Composite Bond Index (ICBI) increased by
mencatat penguatan 12,10% (YTD) ke level 440,19, 12.10% year-to-date (YTD) to 440.19, while the 10-
sementara yield SBN 10 tahun bergerak stabil di kisaran year government bond (SBN) yield remained relatively
6,2%–6,4% menjelang akhir tahun. Permintaan dari stable in the range of 6.2%–6.4% toward year-end.
investor, terutama perbankan dan lembaga keuangan Investor demand, particularly from banks and non-bank
non-bank tetap mengalami peningkatan sepanjang financial institutions, continued to rise throughout the
tahun. Aktivitas penerbitan obligasi dan sukuk korporasi year. Corporate bond and sukuk issuance activity also
sepanjang 2025 juga mencapai rekor tertinggi dengan reached a record high in 2025, with total issuance
total emisi tercatat sebesar Rp209,80 triliun. amounting to Rp209.80 trillion.
Tren ini mencerminkan kepercayaan korporasi terhadap This trend reflects strong corporate confidence in the
pasar modal domestik dan minat investor terhadap domestic capital market, as well as robust investor
instrumen pendapatan tetap. Dukungan tambahan interest in fixed-income instruments. Additional support
datang dari kebijakan pemangkasan BI Rate dan came from Bank Indonesia’s policy rate cuts, alongside
perhatian pasar terhadap independensi Bank Indonesia market attention to the Bank Indonesia’s independence
serta defisit APBN turut memperkuat dinamika positif and the state budget deficit, which further reinforced
di pasar obligasi. positive dynamics in the bond market.
Sepanjang 2025, sebanyak 26 perusahaan melaksanakan Throughout 2025, a total of 26 companies conducted
IPO dengan total dana dihimpun sekitar Rp18,11 triliun. initial public offerings (IPOs), raising approximately
Meski jumlah ini lebih rendah dibandingkan 2024 yang Rp18.11 trillion. Although this figure was lower than in
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mencapai 38 perusahaan, realisasi tersebut tetap 2024, which recorded 38 IPOs, it nevertheless reflects
mencerminkan keberlanjutan penghimpunan dana the continued momentum of corporate fundraising and
korporasi serta minat investasi yang solid dari investor solid investment interest from domestic investors. In
domestik. Di sisi obligasi dan sukuk, total penerbitan the bond and sukuk segment, total issuance remained
tercatat tinggi mencapai ±Rp209,80 triliun sepanjang high at approximately Rp209.80 trillion throughout
tahun 2025. Permintaan yang kuat dari perbankan 2025. Strong demand from banks and non-bank
dan lembaga non-bank, ditambah minat ritel yang financial institutions, coupled with increasing retail
meningkat menjadi pendorong utama stabilitas dan investor participation, served as key drivers of market
likuiditas pasar. stability and liquidity.
Aktivitas pasar perdana yang dinamis ini memperkuat This dynamic primary market activity further
peran pasar modal sebagai sumber pembiayaan strengthened the role of the capital market as an
korporasi yang efektif sekaligus menawarkan peluang effective source of corporate financing, while also
diversifikasi investasi bagi berbagai kelas investor. offering investment diversification opportunities across
a broad range of investor classes.
Secara keseluruhan, kombinasi pertumbuhan ekonomi Overall, the combination of stable national economic
nasional yang stabil, kebijakan pro-market yang growth, pro-market policies that lowered funding costs,
menurunkan biaya pendanaan, meningkatnya likuiditas increased market liquidity, and the dominant role of
di pasar, serta peran dominan investor domestik domestic investors provided a strong foundation for
menghasilkan fondasi yang kuat bagi pasar modal Indonesia’s capital market. The rising level of investor
Indonesia. Semakin tingginya tingkat kepercayaan confidence underscores the strategic role of the capital
investor menunjukan peran strategis pasar modal market as a key pillar in supporting national economic
sebagai pilar penting dalam mendukung pertumbuhan growth.
ekonomi nasional.
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 96
04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
Tinjauan Operasi per Segmen Usaha Operational Review by Business Segment
Dalam rangka memberikan kemudahan pemahaman To provide a clearer understanding of the Company’s
terkait kinerja profitabilitas Perseroan berdasarkan profitability performance by operating segment, the
segmen operasional, maka pengungkapan tersebut disclosures are presented in 2 main categories, namely:
disajikan dalam 2 kategori utama, yaitu:
(i) segmen kegiatan usaha sekuritas yang mencakup (i) the securities business segment, which comprises
perdagangan saham (equity trading), investment equity trading, investment banking, and the fixed
banking, dan pasar obligasi (fixed income market); income market; and
serta
(ii) segmen kegiatan usaha manajer investasi yang (ii) the investment manager business segment, which
dijalankan melalui entitas anak, yaitu PT Trimegah is conducted through the Company’s subsidiary,
Asset Management (“TRIM AM”). PT Trimegah Asset Management (“TRIM AM”).
Segmentasi ini disusun dengan mempertimbangkan This segmentation has been prepared by taking into
bahwa alokasi biaya dan sumber daya untuk kegiatan account that the allocation of costs and resources for
usaha, khususnya yang terkait dengan unit pendukung, the business, particularly those related to supporting
merupakan kesatuan yang tidak dapat dialokasikan units, constitutes an integrated structure that cannot
secara terpisah pada masing-masing lini usaha. Struktur be separately allocated to each individual business
pengungkapan ini juga selaras dengan informasi line. This disclosure structure is also aligned with the
segmen yang disajikan dalam catatan atas laporan segment information presented in the notes to the
keuangan tahunan. annual financial statements.
96 Berikut gambaran profitabilitas masing-masing segmen The following presents an overview of the profitability
operasi Perseroan sepanjang tahun buku 2025: of each of the Company’s operating segments for the
financial year 2025:
Dalam Rp miliar | In Rp billion
Kegiatan Usaha Kegiatan Usaha
Uraian Sekuritas Manajer Investasi Eliminasi Jumlah
Description Securities Business Investment Manager Elimination Total
Activities Business Activities
Pendapatan dari Kontrak dengan Pelanggan
Income from Contract with Customer
Jasa Kegiatan Manajer Investasi
25.881 430.880 (11.446) 445.315
Investment Manager Fees
Komisi Perantara Perdagangan Efek
223.435 - - 223.435
Brokerage Commissions
Jasa Penjaminan Emisi dan Penjualan Efek
139.273 - - 139.273
Underwriting Fees
Jasa Penasihat Keuangan
56.082 - - 56.082
Financial Advisory Fees
Lain-lain
5.471 - - 5.471
Others
Pendapatan dari Hasil Investasi
Income from Investment
Keuntungan dari Efek - Neto
248.445 12.455 - 260.900
Gains from Marketable Securities - Net
Pendapatan Dividen dan Bunga - Neto
585.007 4.423 (39.960) 549.470
Dividens and Interest Income - Net
Jumlah Pendapatan Usaha
1.283.594 447.758 (51.406) 1.679.947
Total Revenues
Beban Usaha
(487.589) (348.276) 14.853 (821.012)
Operating Expenses
Laba Usaha
796.005 99.482 (36.552) 858.935
Profit from Operations
Laba Tahun Berjalan
551.074 82.425 (39.960) 593.539
Profit for the Year
Rasio Laba Bersih
42,9% 18,4% - 35,3%
Net Profit Margin Ratio
PT Trimegah Sekuritas Indonesia Tbk
Page 97
04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
Sepanjang tahun buku 2025, Perseroan membukukan Throughout the financial year 2025, the Company
total pendapatan usaha sebesar Rp1,68 triliun, yang recorded total operating revenues of Rp1.68 trillion,
terdiri atas kontribusi entitas induk sebesar Rp1,28 comprising contributions from the parent entity
triliun dan entitas anak sebesar Rp447,76 miliar, amounting to Rp1.28 trillion and from subsidiaries
setelah memperhitungkan eliminasi sebesar Rp51,41 amounting to Rp447.76 billion, after accounting for
miliar. Komposisi tersebut menegaskan bahwa segmen eliminations of Rp51.41 billion. This composition
usaha sekuritas tetap menjadi kontributor utama underscores that the securities business segment
terhadap pendapatan konsolidasian dengan porsi remained the primary contributor to consolidated
sekitar 76,5%, sementara segmen manajer investasi revenues, accounting for approximately 76.5%, while
memberikan kontribusi sebesar 26,7% dengan selisih the investment manager segment contributed 26.7%,
yang mencerminkan eliminasi antarentitas dalam with the difference reflecting inter-entity eliminations
konsolidasi. in the consolidation.
Dari sisi struktur pendapatan, segmen sekuritas From a revenue structure perspective, the securities
menunjukkan basis pendapatan yang terdiversifikasi segment demonstrated a well-diversified revenue
dengan baik, didorong oleh aktivitas perdagangan base, driven by trading activities and capital market
dan jasa pasar modal, meliputi komisi perantara services, including brokerage commissions amounting
perdagangan efek sebesar Rp223,44 miliar, jasa to Rp223.44 billion, underwriting fees of Rp139.27
penjaminan emisi sebesar Rp139,27 miliar, serta jasa billion, and financial advisory fees of Rp56.08 billion.
penasihat keuangan sebesar Rp56,08 miliar. Di samping In addition, significant contributions were derived
itu, kontribusi signifikan juga berasal dari pendapatan from investment-based income, namely dividend
berbasis investasi, yaitu pendapatan dividen dan and interest income of Rp585.01 billion, as well as
bunga sebesar Rp585,01 miliar serta keuntungan dari gains on securities of Rp248.45 billion, reflecting the
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efek sebesar Rp248,45 miliar, yang mencerminkan optimization of portfolio management strategies and
optimalisasi strategi pengelolaan portofolio serta the effective capture of market opportunities.
pemanfaatan momentum pasar.
Di sisi lain, segmen manajer investasi mencatat Meanwhile, the investment manager segment recorded
pertumbuhan kinerja yang signifikan sebesar Rp430,88 a significant performance growth, generating revenues
miliar. Kinerja ini mencerminkan pertumbuhan dana of Rp430.88 billion. This performance reflects growth in
kelolaan serta meningkatnya kepercayaan investor assets under management as well as increasing investor
terhadap produk investasi yang dikelola Perseroan. confidence in the Company’s investment products.
Selain itu, segmen ini juga memperoleh tambahan In addition, this segment also recorded investment
kontribusi dari pendapatan investasi sebesar Rp16,88 income of Rp16.88 billion, albeit on a relatively smaller
miliar, meskipun dalam skala yang relatif lebih terbatas scale compared to the securities segment.
dibandingkan segmen sekuritas.
Sejalan dengan pertumbuhan pendapatan, Perseroan In line with revenue growth, the Company recorded
mencatat laba usaha sebesar Rp858,93 miliar yang operating profit of Rp858.93 billion, primarily driven
terutama ditopang oleh kontribusi entitas induk sebesar by contributions from the parent entity amounting
Rp796,00 miliar dan entitas anak sebesar Rp99,48 to Rp796.00 billion and from subsidiaries amounting
miliar, setelah memperhitungkan eliminasi sebesar to Rp99.48 billion, after accounting for eliminations
Rp36,55 miliar. Setelah memperhitungkan komponen of Rp36.55 billion. After taking into account other
penghasilan dan beban lain-lain serta beban pajak, income and expenses as well as income tax expenses,
Perseroan membukukan laba tahun berjalan sebesar the Company recorded profit for the year of Rp593.54
Rp593,54 miliar, di mana entitas induk tetap menjadi billion, with the parent entity remaining the primary
kontributor utama dengan laba tahun berjalan sebesar contributor at Rp551.07 billion, while subsidiaries
Rp551,07 miliar, sementara entitas anak menyumbang contributed Rp82.42 billion.
Rp82,42 miliar.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
Kegiatan Usaha Sekuritas Securities Business Activities
Dalam menjalankan kegiatan usaha sebagai In conducting its business activities as a securities
perusahaan sekuritas, Perseroan menyediakan berbagai company, the Company provides a range of core
layanan utama, termasuk Equity Trading, Agen Penjual services, including Equity Trading, Mutual Fund Selling
Efek Reksa Dana (APERD), Fixed Income Market, Agent (APERD), Fixed Income Market, and Investment
dan Investment Banking. Selain itu, Perseroan juga Banking. In addition, the Company also offers securities
menawarkan fasilitas pembiayaan transaksi efek untuk financing facilities to support clients’ needs, such as
mendukung kebutuhan nasabah, seperti fasilitas marjin margin facilities and REPO transactions. Throughout
dan transaksi REPO. Sepanjang tahun 2025, segmen 2025, the securities business segment successfully
usaha Sekuritas berhasil mempertahankan kinerja yang maintained solid performance despite operating amid
solid, meski beroperasi di tengah volatilitas pasar dan market volatility and liquidity pressures, supported
tekanan likuiditas, berkat strategi yang adaptif dan by adaptive strategies and continued growth in retail
dukungan aktivitas nasabah ritel yang terus meningkat. client activity.
Menyikapi kondisi pasar yang dinamis, Perseroan In response to dynamic market conditions, the Company
mengambil langkah strategis untuk memperluas undertook strategic initiatives to expand its retail
aktivitas ritel melalui kampanye penambahan jumlah activities through campaigns focused on increasing the
dan aktivasi nasabah pengguna Trima+ sebagai number of users and activating clients on Trima+ as
salah satu fokus utama di tahun ini. Aplikasi ini one of its key priorities during the year. This application
menghadirkan platform terpadu yang memudahkan provides an integrated platform that enables clients to
nasabah mengakses berbagai produk investasi sekaligus access a wide range of investment products, while also
memperkuat pengalaman dan loyalitas mereka. Selain enhancing their overall experience and strengthening
98 itu, Perseroan juga terus mendorong sinergi antar-divisi customer loyalty. In addition, the Company continued
dan entitas grup guna memperoleh mandat IPO saham to promote synergies across divisions and group entities
maupun obligasi korporasi. to secure mandates for equity IPOs as well as corporate
bond issuances.
Dalam upaya menjaga likuiditas sekaligus mendukung As part of its efforts to maintain liquidity while
pertumbuhan berkelanjutan, Perseroan memperkuat supporting sustainable growth, the Company
fasilitas pembiayaan melalui kerja sama dengan mitra strengthened its financing facilities through
perbankan serta penerbitan Obligasi Berkelanjutan II collaborations with banking partners, as well as through
Trimegah Sekuritas Indonesia Tahap I, II, dan III Tahun the issuance of Trimegah Sekuritas Indonesia Shelf-
2025 sehingga tetap fleksibel dan kompetitif di tengah Registered Bonds II Phase I, II, and III in 2025, thereby
dinamika pasar modal. maintaining flexibility and competitiveness amid the
dynamics of the capital market.
Equity Trading Equity Trading
Sepanjang tahun 2025, lini bisnis Equity Trading Throughout 2025, the Equity Trading business line
menunjukkan adaptasi Perseroan yang baik terhadap reflected the Company’s strong adaptability to the
dinamika pasar modal yang fluktuatif. Meskipun fluctuating dynamics of the capital market. Despite
IHSG mengalami gejolak dan sempat terkoreksi pada periods of volatility and corrections in the IDX
beberapa periode, aktivitas transaksi tetap terjaga Composite, transaction activity remained relatively
secara stabil. Stabilitas ini didorong oleh kontribusi stable. This stability was supported by contributions
nasabah institusional sekaligus peningkatan partisipasi from institutional clients, as well as increased
investor ritel melalui platform Trima+. Kondisi pasar participation from retail investors through the Trima+
yang menantang justru membuka berbagai peluang platform. This challenging market conditions created
transaksi, terutama saat terjadi momentum rebound various transaction opportunities, particularly during
yang dimanfaatkan secara optimal oleh nasabah rebound periods, which were effectively leveraged by
Perseroan. the Company’s clients.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
Seiring dengan peningkatan partisipasi ritel, Perseroan In line with the increasing participation of retail
terus mengembangkan Trima+ dengan melakukan investors, the Company continues to develop the
penyempurnaan infrastruktur layanan dan sistem Trima+ by enhancing its service infrastructure and order
manajemen order. Langkah ini memperkuat kapabilitas management system. These initiatives strengthen retail
transaksi ritel dan menghadirkan pengalaman yang transaction capabilities and deliver a more responsive
lebih responsif serta terintegrasi bagi pengguna. and integrated user experience. The continued growth
Keberlanjutan investasi ritel melalui platform digital of retail investment through this digital platform
ini menjadi salah satu faktor utama yang mendukung has become one of the key factors supporting equity
volume transaksi saham sepanjang tahun. trading volumes throughout the year.
Hingga 31 Desember 2025, Perseroan mencatat As of December 31, 2025, the Company recorded 15,773
sebanyak 15.773 pembukaan akun baru. Pertumbuhan new account openings. The growth in the number of
jumlah nasabah pada produk Equity Trading berhasil clients in the Equity Trading segment has expanded the
memperluas basis investor Perseroan sehingga Company’s investor base, thereby increasing its market
mendorong pangsa pasar menjadi 2,67% pada 2025 dan share to 2.67% in 2025 and positioning the Company
menempatkan Perseroan di peringkat 12 dari seluruh at 12th place among all Indonesia Stock Exchange
anggota BEI. Pencapaian ini tidak hanya memperkuat members. This achievement not only strengthens the
posisi strategis Perseroan di pasar modal, tetapi juga Company’s strategic position in the capital market, but
mencerminkan efektivitas strategi pertumbuhan yang also reflects the effectiveness of its growth strategy
terfokus pada peningkatan engagement nasabah. Secara focused on enhancing client engagement. From a
finansial, lini bisnis ini membukukan komisi perantara financial perspective, this business line recorded
perdagangan efek sebesar Rp223,4 miliar, meningkat brokerage commissions of Rp223.4 billion, representing
26,6% dibandingkan tahun sebelumnya, menandai an increase of 26.6% compared to the previous year, 99
keberhasilan Perseroan dalam mengoptimalkan layanan underscoring the Company’s success in optimizing its
dan nilai bagi investor. services and delivering value to investors.
Agen Penjual Efek Reksa Dana Mutual Funds Selling Agent (APERD)
Perseroan terus memperkuat segmen Agen Penjual The Company continues to strengthen its Mutual Funds
Efek Reksa Dana (APERD) sebagai salah satu pilar Selling Agent (APERD) segment as one of the key pillars
pertumbuhan bisnis. Strategi yang diterapkan meliputi of business growth. The strategies implemented include
penambahan Relationship Manager dan peningkatan expanding the number of Relationship Managers and
layanan melalui platform Trima+ sehingga mendorong enhancing services through the Trima+ platform,
volume transaksi dan memperluas basis investor produk thereby driving transaction volumes and broadening the
reksa dana Perseroan. Sejalan dengan tren industri, investor base for the Company’s mutual funds products.
total dana kelolaan reksa dana Indonesia meningkat In line with industry trends, total mutual fund assets
signifikan sepanjang 2025, mencapai sekitar Rp680 under management (AUM) in Indonesia increased
triliun, tumbuh lebih dari 30% dibandingkan tahun significantly throughout 2025, reaching approximately
sebelumnya. Di tengah dinamika ini, Perseroan berhasil Rp680 trillion, representing growth of more than
memperkuat posisinya dengan fokus pada peningkatan 30% compared to the previous year. Amid these
engagement nasabah, pengembangan distribusi, dynamics, the Company successfully strengthened its
serta diversifikasi portofolio produk, termasuk produk position by focusing on enhancing client engagement,
berbasis Environmental, Social, and Governance (ESG). expanding distribution channels, and diversifying its
product portfolio, including Environmental, Social, and
Governance (ESG)-based products.
Pada tahun 2025, Perseroan menambahkan 4 produk In 2025, the Company added 4 new ESG mutual funds
reksa dana ESG baru sehingga portofolio produk products, bringing the total number of Sustainable
Keuangan Berkelanjutan yang dipasarkan terus Finance products marketed to 13 mutual funds,
berkembang menjadi sebanyak 13 reksa dana, antara including Reksa Dana I Hajj Syariah Fund, Reksa Dana
lain Reksa Dana I Hajj Syariah Fund, Reksa Dana Balanced Fund Sucorinvest Anak Pintar, Reksa Dana
Balanced Fund Sucorinvest Anak Pintar, Reksa Dana Insight Money, Reksa Dana Insight Money Syariah,
Insight Money, Reksa Dana Insight Money Syariah, Reksa Dana Insight Renewable Energy Fund, Reksa Dana
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
Reksa Dana Insight Renewable Energy Fund, Reksa Dana Sri Kehati Likuid I Sri Likuid, Reksa Dana Trimegah Bakti
Sri Kehati Likuid I Sri Likuid, Reksa Dana Trimegah Bakti Ganesha Abadi Kelas A, Reksa Dana Trimegah Bakti
Ganesha Abadi Kelas A, Reksa Dana Trimegah Bakti Ganesha Abadi Kelas B, Reksa Dana Trimegah Bakti
Ganesha Abadi Kelas B, Reksa Dana Trimegah Bakti Ganesha Abadi Kelas C, Reksa Dana Trimegah Sepak
Ganesha Abadi Kelas C, Reksa Dana Trimegah Sepak Bola Merah Putih Kelas A, Reksa Dana Trimegah Sepak
Bola Merah Putih Kelas A, Reksa Dana Trimegah Sepak Bola Merah Putih Kelas B, Reksa Dana Insight Trim Golf
Bola Merah Putih Kelas B, Reksa Dana Insight Trim Golf Pro Acceleration Fund I Golf Kelas A, and Reksa Dana
Pro Acceleration Fund I Golf Kelas A, serta Reksa Dana Insight Trim Golf Pro Acceleration Fund I Golf Kelas B.
Insight Trim Golf Pro Acceleration Fund I Golf Kelas B.
Secara nasional, tren produk reksa dana berbasis ESG At the national level, ESG-based mutual funds
menunjukkan pertumbuhan yang signifikan dengan products have shown significant growth, with dozens
puluhan produk sudah dipasarkan hingga pertengahan of such products already marketed by mid-2025. This
tahun 2025. Inisiatif ini mencerminkan komitmen initiative reflects the Company’s commitment to the
Perseroan terhadap penerapan prinsip Keuangan implementation of Sustainable Finance principles and
Berkelanjutan dan strategi pertumbuhan jangka a long-term growth strategy that is responsive to the
panjang yang responsif terhadap kebutuhan investor needs of modern investors.
modern.
Dengan pendekatan ini, segmen APERD Perseroan tidak Through this approach, the Company’s APERD segment
hanya mendukung peningkatan pendapatan secara not only supports overall revenue growth but also
keseluruhan, tetapi juga memperkuat posisi Perseroan strengthens the Company’s position as a strategic
sebagai mitra strategis investor dalam pasar reksa partner for investors in an increasingly competitive
100
dana yang semakin kompetitif. Per 31 Desember 2025, mutual funds market. As of 31 December 2025, the
total dana kelolaan reksa dana berbasis ESG Perseroan Company’s ESG-based mutual funds assets under
mencapai Rp374.0 miliar. Hal ini mencerminkan management reached Rp374.0 billion. This reflects
kepercayaan investor yang terus tumbuh terhadap the continued growth of investor confidence in the
produk berkelanjutan Perseroan. Company’s sustainable investment products.
Fixed Income Market Fixed Income Market
Sepanjang tahun 2025, Divisi Fixed Income Market Throughout 2025, the Fixed Income Market Division
mengimplementasikan beragam strategi untuk menjaga implemented various strategies to maintain and
dan meningkatkan kinerja. Upaya tersebut meliputi enhance its performance. These efforts included
roadshow, peningkatan basis jumlah nasabah, sekaligus conducting roadshows, expanding the client base, and
bekerja sama dengan Divisi Investment Banking untuk collaborating with the Investment Banking Division
mendorong pertumbuhan transaksi baik di pasar primer to drive transaction growth in both the primary and
maupun pasar sekunder. Untuk memperluas kontribusi secondary markets. To further increase contributions
dari produk ritel, Divisi Fixed Income Market juga from retail products, the Fixed Income Market Division
menjalin kolaborasi dengan Sub-Mitra Distribusi (sub- also established partnerships with Sub-Distribution
midis), sehingga jangkauan layanan Perseroan semakin Partners (sub-midis), thereby broadening and
luas dan merata. strengthening the Company’s service reach.
Kinerja lini bisnis ini juga didukung oleh konsistensi The performance of this business line was further
Perseroan sebagai mitra distribusi Surat Berharga supported by the Company’s consistent role as a
Negara (SBN) Ritel. Total transaksi SBN Ritel Perseroan distribution partner for Retail Government Securities
mencapai Rp1,2 triliun, sementara volume transaksi (SBN). The Company recorded total Retail SBN
di pasar sekunder tumbuh menjadi Rp332,5 triliun, transactions of Rp1.2 trillion, while secondary market
meningkat 73,2% dibandingkan Rp192,0 triliun transaction volume increased to Rp332.5 trillion,
pada tahun 2024. Pencapaian ini mencerminkan representing a 73.2% increase compared to Rp192.0
kemampuan Perseroan dalam memanfaatkan peluang trillion in 2024. This achievement reflects the
pasar sekaligus menjaga kepercayaan investor institusi Company’s ability to capitalize on market opportunities
maupun ritel. while maintaining the trust of both institutional and
retail investors.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
Dengan kinerja yang solid sepanjang tahun, Perseroan With solid performance throughout the year, the
berhasil mempertahankan posisinya sebagai perusahaan Company successfully maintained its position as the
sekuritas dengan volume transaksi terbesar ketiga di third-largest securities firm by transaction volume
pasar Surat Utang Negara (SUN), serta menempati in the Government Bond (SUN) market, and ranked
peringkat kedua dalam Indonesian Bloomberg’s Bond second in the Indonesian Bloomberg Bond League
League Table. Selain itu, Perseroan menerima sejumlah Table. In addition, the Company received several
penghargaan dari Kementerian Keuangan, termasuk awards from the Ministry of Finance, including Best
Mitra Distribusi Surat Utang Negara Ritel Terbaik dan Distribution Partner for Retail Government Bonds and
Mitra Distribusi Surat Berharga Syariah Negara Ritel Best Distribution Partner for Retail Sharia Government
Terbaik tahun 2025. Securities in 2025.
Investment Banking Investment Banking
Divisi Investment Banking Perseroan menunjukkan The Company’s Investment Banking Division
kinerja positif sepanjang tahun 2025 melalui demonstrated strong performance throughout
keberhasilan dalam mengeksekusi berbagai mandat 2025, marked by the successful execution of various
transaksi, antara lain 110 penerbitan obligasi korporasi transaction mandates, including 110 corporate bond
baik dalam Rupiah maupun USD, 1 penerbitan Non issuances in both Rupiah and USD, 1 issuance of
Convertible Debentures (NCD), serta 6 proyek equity Non-Convertible Debentures (NCD), and 6 equity
underwriting. underwriting projects.
Total nilai transaksi equity underwriting Perseroan The total value of the Company’s equity underwriting
mencapai Rp4,8 triliun, atau tumbuh sekitar 11% transactions reached Rp4.8 trillion, representing an
dibandingkan dengan total nilai transaksi di tahun increase of approximately 11% compared to 2024. In
101
2024. Selain itu, Perseroan juga mencatat realisasi addition, the Company recorded debt underwriting
transaksi debt underwriting sebesar lebih dari Rp29,2 transactions exceeding Rp29.2 trillion, reflecting growth
triliun, tumbuh sekitar 71% dibandingkan dengan total of approximately 71% compared to Rp17.7 trillion in the
nilai transaksi pada tahun 2024 yang sebesar Rp17,7 previous year. The Company also actively prepared a
triliun. Selain itu, Perseroan juga aktif mempersiapkan pipeline of IPO transactions throughout the year as part
pipeline IPO lainnya sepanjang tahun sebagai bagian of its strategy to expand its client base and transaction
dari strategi memperluas basis klien dan mandat mandates, in line with its plan to introduce several new
transaksi, sejalan dengan rencana untuk menghadirkan issuers to the Indonesia Stock Exchange (IDX).
beberapa emiten baru ke BEI.
Kinerja Divisi Investment Banking yang kuat juga The strong performance of the Investment Banking
tercermin dari capaian Perseroan yang menempati Division was further reflected in the Company’s ranking
peringkat 2 pada Indonesia Bloomberg Bonds League of 2nd in the Indonesia Bloomberg Bonds League Table
Table dan peringkat 1 pada Indonesia Bloomberg Equity and 1st in the Indonesia Bloomberg Equity League Table.
League Table. Pencapaian ini menunjukkan efektivitas These achievements demonstrate the Company’s
Perseroan dalam mengelola transaksi korporasi berskala effectiveness in managing large-scale corporate
besar. Keberhasilan tersebut juga didukung oleh sinergi transactions. This success was also supported by strong
yang solid dengan Divisi Fixed Income Market, yang synergies with the Fixed Income Market Division,
berperan dalam memperoleh mandat baru serta which played a key role in securing new mandates and
memperluas basis klien secara signifikan. significantly expanding the client base.
Atas kinerja ini, Perseroan berhasil membukukan As a result of this performance, the Company recorded
pendapatan dari jasa penjaminan emisi efek dan jasa revenue from underwriting and financial advisory
penasihat keuangan sebesar Rp139,3 miliar atau services of Rp139.3 billion, an increase of 120.1%
tumbuh 120,1% dibandingkan Rp63,3 miliar pada compared to Rp63.3 billion in the previous year.
tahun sebelumnya.
Securities Financing Securities Financing
Perseroan menyediakan fasilitas pembiayaan efek The Company provides securities financing facilities as
2025 Annual Report
sebagai bagian dari layanan untuk nasabah, yang part of its client services, enabling an increase in buying
memungkinkan peningkatan daya beli (buying power) power for transaction activities. Through these facilities,
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
dalam melakukan transaksi. Dengan fasilitas ini, clients are able to execute transactions of a higher
nasabah dapat melakukan transaksi dengan nilai yang value than their deposited funds. In 2025, the Company
lebih besar dibandingkan dana yang telah disetorkan. recorded revenue from securities financing facilities
Pada tahun 2025, Perseroan mencatat pendapatan amounting to Rp69.9 billion, reflecting strong demand
dari fasilitas pembiayaan efek sebesar Rp69,9 miliar, and the effectiveness of its financing strategies.
mencerminkan tingginya permintaan dan efektivitas
strategi pembiayaan.
Selain itu, Perseroan juga aktif menjalankan transaksi In addition, the Company actively conducted repurchase
repo (Repurchase Agreement) sehingga pendapatan agreement (repo) transactions, resulting in repo-related
dari transaksi repo meningkat menjadi Rp446,1 miliar, income increasing to Rp446.1 billion, driven by higher
didorong oleh pertumbuhan volume transaksi dan transaction volumes and growing market demand for
meningkatnya kebutuhan pasar akan likuiditas jangka short-term liquidity. This performance demonstrates
pendek. Kinerja ini menunjukkan kemampuan Perseroan the Company’s ability to deliver responsive financing
dalam memberikan solusi pembiayaan yang responsif solutions, support overall revenue growth, and further
serta mendukung pertumbuhan pendapatan secara strengthen its position in the capital market.
keseluruhan, sekaligus memperkuat posisi Perseroan di
pasar modal.
Kegiatan Usaha Manajer Investasi Investment Manager Business Activities
PT Trimegah Asset Management (“TRIM AM”) PT Trimegah Asset Management (“TRIM AM”) is
merupakan anak perusahaan Perseroan yang a subsidiary of the Company that operates as an
102 menjalankan kegiatan usaha sebagai Manajer Investasi Investment Manager, providing investment products
dengan menyediakan produk investasi lintas kelas aset, across various asset classes, including equity, balanced,
meliputi reksa dana saham, campuran, pendapatan fixed income, and money market mutual funds, to serve
tetap, dan pasar uang, guna melayani kebutuhan both retail and institutional investors.
investor ritel maupun institusi.
Sepanjang tahun 2025, TRIM AM mencatatkan Throughout 2025, TRIM AM delivered solid
kinerja yang solid dengan memanfaatkan momentum performance by capitalizing on favorable market
likuiditas pasar yang kondusif serta kepercayaan liquidity conditions and sustained investor confidence.
investor yang tetap terjaga. Total dana kelolaan (Assets Total assets under management (AUM) increased
Under Management/”AUM”) meningkat signifikan significantly from approximately Rp32.9 trillion at the
dari sekitar Rp32,9 triliun pada akhir Desember end of December 2024 to Rp58.4 trillion by the end
2024 menjadi Rp58,4 triliun pada akhir 2025, jauh of 2025, substantially exceeding the initial target of
melampaui target awal tahun sebesar Rp38 triliun. Rp38 trillion. This achievement further strengthened
Capaian tersebut semakin memperkuat posisi TRIM AM TRIM AM’s position in the asset management industry,
di industri manajemen aset sebagaimana tercermin dari as reflected in its improved ranking to 2nd place among
peningkatan peringkat TRIM AM yang kini menempati national investment managers, up from 5th place in
posisi ke-2 sebagai manajer investasi nasional, dari 2024.
sebelumnya berada di peringkat ke-5 pada 2024.
Strategi Bisnis, Tata Kelola, dan Daya Saing Business Strategy, Governance, and Competitiveness
Dalam menghadapi volatilitas pasar yang tinggi In navigating heightened market volatility, particularly
terutama sepanjang paruh pertama 2025 yang during the first half of 2025, which was influenced
dipengaruhi oleh meningkatnya ketegangan geopolitik by escalating geopolitical tensions and global tariff
dan dinamika perang tarif global, TRIM AM menerapkan dynamics, TRIM AM implemented a selective and
strategi investasi yang selektif dan prudent. Langkah prudent investment strategy. This approach enabled
ini memungkinkan Perseroan menjaga fleksibilitas the Company to maintain portfolio flexibility while
portofolio sekaligus mempertahankan kinerja yang sustaining competitive performance across various
kompetitif di berbagai kelas aset. asset classes.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Operasi per Segmen Usaha
Operating Overview by Business Segment
Keunggulan tersebut diperkuat melalui perluasan These strengths were further reinforced through
jaringan distribusi, termasuk penambahan mitra the expansion of its distribution network, including
strategis baru, serta pelaksanaan program edukasi the addition of new strategic partners, as well as the
investasi secara berkelanjutan guna meningkatkan continuous implementation of investment education
literasi dan kepercayaan investor. programs aimed at enhancing investor literacy and
confidence.
Sejalan dengan fokus pada perumusan strategi In line with its focus on formulating adaptive and risk-
bisnis yang adaptif dan berorientasi pada mitigasi mitigated business strategies, TRIM AM also places the
risiko, TRIM AM juga menempatkan penerapan implementation of Good Corporate Governance (GCG)
tata kelola yang baik sebagai fondasi utama dalam as a fundamental pillar in conducting all business
menjalankan seluruh aktivitas usaha. Komitmen activities. TRIM AM’s commitment to upholding
TRIM AM dalam menghadirkan praktik bisnis yang integrity in its business practices is reflected in its
berintegritas tercermin dari keberhasilan TRIM AM successful attainment of ISO 27001 certification for
dalam memperoleh sertifikasi ISO 27001 terkait Information Security Management Systems (ISMS)
Sistem Manajemen Keamanan Informasi (SMKI) pada at the end of 2025 or early 2026, demonstrating the
akhir 2025 atau awal 2026, sebagai wujud keseriusan Company’s strong commitment to safeguarding data
Perseroan dalam menjaga keamanan data dan and information security.
informasi.
Selaras dengan upaya pengelolaan portofolio yang hati- Consistent with its prudent portfolio management
hati, Perseroan juga memperkuat kolaborasi dengan approach, the Company also strengthened
mitra usaha dan nasabah. Pendekatan ini memastikan collaboration with business partners and clients. This
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layanan investasi yang tepat sasaran dan relevan approach ensures that investment services remain well-
dengan kebutuhan nasabah. Perseroan juga aktif targeted and aligned with clients’ needs. The Company
melaksanakan edukasi dan literasi keuangan secara also actively conducted financial education and literacy
konsisten kepada nasabah dan masyarakat dengan initiatives on an ongoing basis, organizing a total of 53
melaksanakan kegiatan edukasi nasabah sebanyak 53 client education activities throughout 2025.
kali sepanjang tahun 2025.
Di sisi inovasi, pada tahun 2025, Perseroan melanjutkan In terms of innovation, in 2025, the Company
komitmen terhadap keuangan berkelanjutan melalui continued its commitment to sustainable finance
kerja sama strategis dengan Yayasan Bakti Sepak Bola through a strategic collaboration with the Yayasan
Indonesia dengan menghadirkan produk Reksa Dana Bakti Sepak Bola Indonesia by introducing the Reksa
Sepak Bola Merah Putih Kelas A & Kelas B, di mana Dana Sepak Bola Merah Putih Kelas A & Kelas B. Under
sebagian management fee dari pengelolaan reksa dana this initiative, a portion of the management fee from
serta 3% per tahun dari Pembagian Hasil Investasi the mutual funds, as well as 3% per annum of the
(PHI) didonasikan kepada Yayasan Sepak Bola Indonesia Investment Return Distribution (IRD), is donated to
untuk mendukung pendanaan jangka panjang dalam the foundation to support long-term funding for the
pengembangan talenta pemain sepak bola muda serta development of young football talent and the welfare
peningkatan kesejahteraan mantan pemain sepak bola. of former football players.
Memasuki tahun 2026, TRIM AM memandang bahwa Entering 2026, TRIM AM views the outlook for the
kinerja industri manajemen aset pada tahun 2026 tetap asset management industry as remaining promising,
menjanjikan, seiring potensi pemulihan ekonomi dan supported by the potential for economic recovery
tren penurunan suku bunga yang diperkirakan akan and a declining interest rate trend, which is expected
meningkatkan minat investor terhadap produk reksa to increase investor interest in equity mutual funds
dana saham. Untuk memanfaatkan peluang ini, TRIM products. To capture these opportunities, TRIM AM
AM akan menitikberatkan upaya pada penguatan will focus on strengthening investment performance,
kinerja investasi, perluasan kemitraan distribusi yang expanding strategic distribution partnerships, and
strategis, serta peningkatan literasi keuangan bagi enhancing financial literacy among investors.
investor.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Information Technology Information Technology
Peran Strategis Teknologi Informasi Sebagai Enabler The Strategic Role of Information Technology as an
Pertumbuhan Bisnis Enabler of Business Growth
Sepanjang tahun 2025, Perseroan menempatkan Throughout 2025, the Company positioned Information
Teknologi Informasi (TI) sebagai fondasi utama dalam Technology (IT) as a core foundation in supporting
mendukung strategi bisnis dan pertumbuhan usaha its business strategy and sustainable growth. The
yang berkelanjutan. Penguatan TI tidak hanya dipandang strengthening of IT is not only viewed as an operational
sebagai kebutuhan operasional, tetapi sebagai elemen necessity, but also as a strategic element to ensure
strategis yang memastikan peningkatan aktivitas that increasing business activities can be carried out
bisnis dapat berjalan secara stabil, aman, dan efisien. in a stable, secure, and efficient manner. Accordingly,
Oleh karena itu, fokus pengembangan TI diarahkan IT development has been focused on enhancing the
pada peningkatan kualitas layanan digital, penguatan quality of digital services, strengthening infrastructure
ketahanan infrastruktur, serta modernisasi sistem resilience, and modernizing application systems and
aplikasi dan back-office agar dapat mengakomodasi back-office functions to accommodate the evolving
kebutuhan investor di tengah dinamika pasar yang terus needs of investors amid dynamic market conditions.
berkembang.
Implementasi strategi TI Perseroan diwujudkan melalui The implementation of the Company’s IT strategy is
penyempurnaan Trima+ sebagai platform online reflected in the enhancement of the Trima+ as the
trading utama yang secara bertahap menggantikan primary online trading platform, which is gradually
aplikasi sebelumnya. Pengembangan Trima+ dilakukan replacing the previous application. The development
104 secara komprehensif di berbagai aspek, tidak hanya of Trima+ has been carried out comprehensively
bertujuan memperkaya fitur transaksi, tetapi juga across multiple aspects, aimed not only at enriching
untuk meningkatkan kenyamanan penggunaan, transaction features but also at improving user
memperkuat stabilitas sistem, serta memastikan experience, strengthening system stability, and
keandalan operasional yang berkelanjutan. Pada tahun ensuring sustainable operational reliability. In 2025,
2025, Perseroan melakukan berbagai pembaruan pada the Company implemented various enhancements to
fitur inti Trima+, antara lain Watchlist, Portofolio, the core features of the Trima+, including Watchlist,
Top Stock, Order Saham, Running Trade, Trade Done, Portfolio, Top Stock, Stock Order, Running Trade, Trade
Broker Analysis, dan Charts. Penyempurnaan tersebut Done, Broker Analysis, and Charts. These improvements
dirancang untuk menghadirkan pengalaman investasi are designed to provide a more intuitive, responsive,
yang lebih intuitif, responsif, dan informatif bagi and informative investment experience for customers.
nasabah.
Inisiatif pengembangan Trima+ memberikan dampak The development initiatives of Trima+ have delivered
yang nyata terhadap kinerja kanal digital Perseroan. Hal tangible impacts on the Company’s digital channel
ini tercermin dari meningkatnya jumlah pengguna aktif performance. This is reflected in the increase in active
serta pertumbuhan volume transaksi melalui Trima+. users and the growth in transaction volumes conducted
Pada saat yang sama, kualitas dan stabilitas sistem through the Trima+. At the same time, system quality
juga menunjukkan perbaikan yang konsisten, antara and stability have shown consistent improvement, as
lain melalui penurunan tingkat gangguan aplikasi indicated by the reduction in application disruption
(crash-rate). Perbaikan tersebut semakin memperkuat levels (crash rate). These improvements further
kepercayaan nasabah serta meningkatkan kenyamanan strengthen customer trust and enhance the overall
dalam bertransaksi secara digital. digital trading experience.
Selain berfokus pada pengembangan front-end, In addition to focusing on front-end development, the
Perseroan juga memperkuat arsitektur sistem dan tata Company has also strengthened its overall system
kelola TI secara menyeluruh. Penyesuaian dan integrasi architecture and IT governance. System adjustments
sistem dilakukan untuk memastikan infrastruktur and integrations have been carried out to ensure
yang semakin terhubung, aman, dan selaras dengan a more connected, secure, and regulatory-aligned
peningkatan standar regulasi, khususnya dalam infrastructure, particularly in relation to data risk
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04 MANAGEMENT DISCUSSION & ANALYSIS
aspek pengelolaan risiko data dan kepatuhan digital. management and digital compliance. More broadly, the
Secara lebih luas, Divisi Information Technology (“IT”) Information Technology Division (“IT”) views 2025 as
memandang tahun 2025 sebagai fase konsolidasi dan a phase of consolidation and reinforcement of digital
penguatan ketahanan infrastruktur digital di industri infrastructure resilience within the capital market
pasar modal. Konvergensi antara aset konvensional dan industry. The convergence of conventional and digital
digital, serta penerapan standar keamanan siber yang assets, as well as the implementation of increasingly
semakin ketat, menjadi fokus utama guna memastikan stringent cybersecurity standards, has become a key
stabilitas operasional dan keberlanjutan pertumbuhan focus to ensure operational stability and sustainable
di tengah lanskap digital yang semakin kompleks. growth amid an increasingly complex digital landscape.
Sejalan dengan implementasi Undang-Undang P2SK dan In line with the implementation of the P2SK Law and
penegakan Undang-Undang Perlindungan Data Pribadi the enforcement of the Personal Data Protection Law
(“UU PDP”), Perseroan turut memperkuat manajemen (“PDP Law”), the Company has further strengthened its
risiko data serta meningkatkan integrasi sistem data risk management and enhanced the integration
kepatuhan yang lebih otomatis dan terdokumentasi. of more automated and well-documented compliance
Melalui pendekatan tersebut, Teknologi Informasi tidak systems. Through this approach, Information
hanya berperan sebagai fungsi pendukung operasional, Technology serves not only as an operational support
tetapi sebagai enabler strategis yang memastikan function but also as a strategic enabler that ensures
pertumbuhan bisnis Perseroan dapat berlangsung the Company’s business growth can be achieved in a
secara scalable, aman, dan berkelanjutan. scalable, secure, and sustainable manner.
Penguatan Sistem Keamanan Siber dan Komitmen Strengthening Cybersecurity Systems and
Perlindungan Data Nasabah Commitment to Customer Data Protection
105
Seiring dengan meningkatnya aktivitas transaksi digital In line with the increasing volume of digital transactions
dan ketergantungan nasabah pada layanan berbasis and clients’ growing reliance on technology-based
teknologi, Perseroan menyadari bahwa eksposur services, the Company recognizes that exposure to
terhadap risiko siber turut meningkat, antara lain cyber risks has also increased, including potential
berupa potensi kerentanan sistem, akses tidak sah system vulnerabilities, unauthorized access to data,
terhadap data, serta tantangan pengamanan transaksi and challenges in securing cross-entity transactions
lintas entitas dengan mitra atau pihak ketiga. Untuk with partners or third parties. To mitigate these
memitigasi risiko tersebut, Perseroan secara konsisten risks, the Company consistently strengthens its IT
memperkuat kerangka tata kelola TI sebagai bagian governance framework as an integral part of its overall
yang tidak terpisahkan dari sistem manajemen risiko risk management system. Enhancements in IT are
secara keseluruhan. Penguatan aspek TI dilakukan carried out through reinforcing accountability within IT
melalui penegasan akuntabilitas fungsi kepemimpinan leadership functions, strengthening oversight of cyber
TI, peningkatan pengawasan terhadap risiko siber, serta risks, and standardizing infrastructure management
standarisasi pengelolaan infrastruktur guna memastikan to ensure system stability and security. In addition,
stabilitas dan keamanan sistem. Selain itu, kontrol system security controls continue to be enhanced
keamanan sistem juga terus ditingkatkan melalui through periodic reviews of configurations, access
peninjauan berkala atas konfigurasi, pengelolaan hak rights management, and authentication mechanisms
akses, dan mekanisme autentikasi guna meminimalkan to minimize potential security gaps.
potensi celah keamanan.
Di sisi lain, Perseroan juga memperkuat koordinasi dan On the other hand, the Company has strengthened
penyelarasan pengendalian dengan mitra eksternal coordination and alignment of controls with external
dan pihak ketiga, termasuk melalui peningkatan partners and third parties, including through the
mekanisme validasi transaksi serta penyempurnaan enhancement of transaction validation mechanisms
standar pengamanan bersama. Upaya ini bertujuan and the refinement of shared security standards. These
untuk memastikan pengendalian end-to-end yang lebih efforts are aimed at ensuring more effective end-to-end
efektif dalam setiap proses transaksi lintas entitas, controls across all cross-entity transaction processes, in
sejalan dengan meningkatnya ekspektasi regulator line with increasing regulatory expectations regarding
terhadap ketahanan siber dan perlindungan konsumen. cyber resilience and consumer protection.
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Terkait aspek kepatuhan, Perseroan memastikan From a compliance perspective, the Company ensures
implementasi ketentuan yang berlaku, termasuk the implementation of applicable regulations, including
UU PDP dan regulasi terkait ketahanan siber. the Personal Data Protection Law (“PDP Law”) and
Pengelolaan data dilakukan secara lebih terstruktur cybersecurity-related regulations. Data management is
dan terdokumentasi, didukung oleh integrasi sistem carried out in a more structured and well-documented
kepatuhan yang memungkinkan pemantauan dan manner, supported by the integration of compliance
pelaporan dilakukan secara lebih sistematis. systems that enable more systematic monitoring and
reporting.
Implementasi Tata Kelola Dan Kepatuhan TI Implementation of IT Governance and Compliance
Melalui koordinasi lintas fungsi antara unit bisnis, Through cross-functional coordination among business
manajemen risiko, dan kepatuhan, yaitu untuk units, risk management, and compliance, the Company
memastikan bahwa implementasi sistem dan proses ensures that the implementation of systems and
operasional selaras dengan ketentuan yang berlaku. operational processes remains aligned with applicable
Dalam hal terdapat arahan atau pembaruan dari regulations. In the event of regulatory directives or
regulator, Perseroan melakukan penyesuaian dan updates, the Company undertakes the necessary
penguatan kontrol sesuai kebutuhan. adjustments and strengthens controls accordingly.
Setiap inisiatif pengembangan maupun perubahan All system development initiatives and changes are
sistem dilakukan melalui tahapan yang jelas dan carried out through clearly defined and structured
terstruktur, mulai dari perencanaan, penilaian stages, ranging from planning and risk assessment to
risiko, hingga persetujuan internal sebelum internal approvals prior to implementation. This process
106
diimplementasikan. Proses ini memastikan bahwa ensures that each IT initiative takes into account
setiap inisiatif TI telah mempertimbangkan stabilitas operational stability, system security, data protection,
operasional, keamanan sistem, perlindungan data, and alignment with the Company’s established risk
serta keselarasan dengan batas risiko (risk appetite) appetite.
yang telah ditetapkan Perseroan.
Sejalan dengan dinamika regulasi yang terus In line with the evolving regulatory landscape, the
berkembang, Perseroan juga secara proaktif melakukan Company also proactively updates its policies and
penyesuaian dan penguatan kontrol internal strengthens internal controls to maintain consistent
guna menjaga konsistensi kepatuhan. Langkah ini compliance. This approach enables the Company to
memungkinkan Perseroan untuk tetap responsif remain responsive to regulatory changes without
terhadap perubahan ketentuan tanpa mengurangi compromising operational agility or business growth
kelincahan operasional maupun momentum momentum.
pertumbuhan usaha.
Selama tahun 2025, Divisi IT berperan dalam mendukung Throughout 2025, the IT Division played a key role in
operasional dan pengembangan layanan di berbagai lini supporting operations and service development across
bisnis melalui penyediaan dan pemeliharaan sistem various business lines by providing and maintaining
yang mendukung proses transaksi dan pelaporan systems that support transaction and reporting
pada masing-masing lini bisnis, pengembangan fitur processes, developing system features to enhance
sistem untuk meningkatkan efisiensi operasional serta operational efficiency and user experience, and
pengalaman pengguna dan koordinasi dengan unit coordinating with business units in planning system
bisnis dalam perencanaan kebutuhan sistem, sehingga requirements, thereby ensuring that technology
pengembangan teknologi selaras dengan target dan development is aligned with the targets and strategies
strategi masing-masing lini bisnis. of each business line.
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Pemantauan sistem dilakukan secara rutin disertai System monitoring is conducted on a regular basis,
pemeliharaan preventif untuk meminimalkan potensi accompanied by preventive maintenance to minimize
gangguan dan memastikan stabilitas layanan. potential disruptions and ensure service stability. The IT
Infrastruktur TI dirancang agar adaptif terhadap infrastructure is designed to be adaptive to increasing
peningkatan volume transaksi dan pertumbuhan transaction volumes and business activity growth,
aktivitas bisnis sehingga ekspansi usaha dapat enabling business expansion to proceed without
berlangsung tanpa mengorbankan kualitas dan compromising service quality and reliability for clients.
keandalan layanan kepada nasabah.
Sebagai bagian dari upaya penguatan resiliensi As part of efforts to strengthen operational resilience,
operasional, Perseroan juga memiliki prosedur disaster the Company has established structured disaster
recovery dan business continuity yang terstruktur, antara recovery and business continuity procedures,
lain mencakup mekanisme pencadangan data secara including periodic data backup mechanisms, system
berkala, pengujian sistem pemulihan, serta simulasi recovery testing, and preparedness simulations to
kesiapsiagaan guna memastikan respons yang cepat ensure a swift and effective response in the event of
dan efektif apabila terjadi gangguan. Dengan sistem disruptions. Through these measures, services can
tersebut, layanan tetap dapat berjalan secara optimal continue to operate optimally even under unforeseen
meskipun menghadapi kondisi yang tidak terduga. circumstances.
Dari sisi pengembangan SDM, Perseroan secara From a human capital perspective, the Company
berkelanjutan mengevaluasi kompetensi dan kapasitas continuously evaluates the competencies and capacity
personel TI dengan mendorong peningkatan keahlian of its IT personnel by promoting the enhancement
di bidang keamanan informasi dan manajemen risiko of expertise in information security and IT risk
107
TI. Penguatan ini dilakukan agar pengelolaan sistem management. This strengthening effort ensures that
dan infrastruktur semakin andal seiring meningkatnya system and infrastructure management becomes
kompleksitas bisnis dan tuntutan regulasi. Dengan increasingly reliable in line with growing business
demikian, ketahanan digital Perseroan dibangun secara complexity and regulatory demands. Accordingly, the
menyeluruh, tidak hanya dari aspek teknologi, tetapi Company’s digital resilience is built comprehensively,
juga dari sisi sumber daya manusia dan tata kelola yang not only from a technological standpoint but also from
mendukungnya. Fondasi ini tentunya menjadi landasan the perspective of human resources and supporting
bagi arah pengembangan TI ke depan. governance. This foundation serves as the basis for the
Company’s future IT development direction.
Memasuki tahun 2026, fokus strategis TI diarahkan Entering 2026, the Company’s IT strategic focus is
pada pengamanan dan optimalisasi bisnis yang telah directed toward securing and optimizing existing
berjalan melalui penyempurnaan fitur eksisting business operations through the enhancement of current
serta peningkatan stabilitas sistem. Setelah fondasi features and the improvement of system stability.
stabilitas semakin kuat, Perseroan akan mempercepat As the foundation of stability becomes stronger, the
inovasi fitur dan kapabilitas digital guna meningkatkan Company will accelerate innovation in features and
daya saing di tengah dinamika industri yang semakin digital capabilities to enhance competitiveness amid an
kompetitif. Strategi tersebut dijalankan melalui increasingly dynamic industry landscape. This strategy
modernisasi aplikasi dan infrastruktur, penguatan is implemented through application and infrastructure
keamanan siber, serta peningkatan efisiensi operasional modernization, strengthening cybersecurity, and
secara berkelanjutan. Seluruh inisiatif ini ditujukan continuously improving operational efficiency. All of
untuk mendukung tujuan jangka panjang Perseroan these initiatives are aimed at supporting the Company’s
dalam menciptakan pertumbuhan bisnis yang long-term objectives of achieving sustainable business
berkelanjutan, menyediakan layanan yang andal, serta growth, delivering reliable services, and building
membangun operasional yang semakin stabil dan increasingly stable and resilient operations amid the
resilien di tengah perkembangan industri pasar modal evolving capital market industry.
yang terus berubah.
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Human Capital
Tahun 2025 menandai momentum penting bagi The year 2025 marked an important milestone for the
Perseroan dalam memperkuat soft-structure tata Company in strengthening the soft structure of Good
kelola yang baik dengan fokus utama memastikan Corporate Governance (GCG), with a primary focus
seluruh praktik tata kelola khususnya pada aspek on ensuring that all governance practices, particularly
ketenagakerjaan selaras dan patuh terhadap in the employment aspect, are aligned with and
regulasi yang terus berkembang. Sebagai langkah compliant with evolving regulations. As an initial step,
awal, Perseroan meninjau seluruh proses internal the Company conducted a comprehensive review of
secara menyeluruh, melakukan pembaruan Standar its internal processes, updated its Standard Operating
Operasional Prosedur (SOP), serta menyelaraskan Procedures (SOPs), and aligned existing internal policies
kebijakan internal yang sudah ada agar tetap relevan to remain relevant with the operational dynamics of
dengan dinamika operasional di industri pasar the capital market industry. This initiative serves as
modal. Langkah ini menjadi fondasi penting sebelum a critical foundation prior to the implementation of
mengimplementasikan inisiatif pengembangan SDM broader human capital development programs.
yang lebih luas.
Keberhasilan Perseroan dalam mengelola SDM The Company’s success in managing its human capital
tentu dihadapkan dengan sejumlah tantangan, is accompanied by several challenges, including intense
termasuk persaingan yang sangat ketat di industri competition within the securities industry, where
sekuritas mengingat individu dengan kompetensi individuals with specialized expertise remain limited.
spesifik di bidang ini tergolong terbatas. Kondisi ini This condition is further compounded by the pressure
semakin diperkuat oleh tekanan adaptasi terhadap to adapt to rapid technological advancements,
108 perkembangan teknologi yang cepat sehingga karyawan requiring employees to continuously upgrade their
dituntut untuk terus meningkatkan keterampilan dan skills and capabilities to remain relevant to dynamic
kemampuan agar tetap relevan dengan kebutuhan business needs.
bisnis yang dinamis.
Program Pengembangan dan Pelatihan Employee Development and Training Programs
Karyawan
Komitmen Perseroan dalam meningkatkan kapasitas The Company’s commitment to enhancing employee
karyawan diwujudkan melalui pelaksanaan program capacity is reflected in the implementation of training
pelatihan yang ditawarkan kepada seluruh karyawan, programs that were offered to all employees, covering
baik untuk penguatan technical skill maupun soft skill. both technical and soft skill development. In 2025,
Pada tahun 2025, program pengembangan kompetensi employee competency development programs
karyawan difokuskan pada perolehan sertifikasi yang were focused on obtaining certifications required by
diwajibkan regulator, serta pelatihan dan proyek regulators, as well as training and other initiatives
lainnya yang disesuaikan dengan kebutuhan masing- tailored to the specific needs of each business unit
masing unit kerja untuk mendukung pelaksanaan peran to support the effective execution of roles and
dan tanggung jawab di lapangan. responsibilities.
Selain mengadakan pelatihan technical dan soft skill, In addition to conducting technical and soft skill training,
Divisi Human Capital juga menekankan pelaksanaan the Human Capital Division also emphasized the
Program Pelatihan Lanjutan (PPL) yang wajib diikuti implementation of Continuing Professional Education
oleh karyawan tertentu guna memastikan standar (CPE) programs, which are mandatory for certain
kompetensi yang konsisten dan sesuai regulasi. Secara employees to ensure consistent competency standards
akumulatif, Perseroan telah menyelenggarakan in line with regulatory requirements. Cumulatively, the
berbagai kegiatan pendidikan dan pelatihan dengan Company has conducted various education and training
jumlah peserta mencapai 194 orang, serta total durasi activities with a total of 194 participants and a total
pelatihan sebanyak 1.790,5 jam atau 9,20 jam/orang. training duration of 1,790.5 hours, equivalent to an
average of 9.20 hours/participant.
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Berikut adalah rincian kegiatan pelatihan yang telah The following is a breakdown of training activities
diselenggarakan selama 2025: conducted throughout 2025:
Jumlah Peserta (Orang)
Pelatihan Tanggal Lembaga Pelatihan
No. Number of Participants
Training Date Training Provider
(Persons)
Exam Preparation WPPE: Jenjang
Kualifikasi 5 Bidang Pasar Modal Subbidang
1 Perantara Pedagang Efek Februari 2025 TAP Kapital Indonesia, TICMI 30
WPPE Exam Preparation: Qualification Level 5 in
Capital Market – Securities Broker Subfield
2 ICSA Corporate Governance (CG) Officer Batch II Februari 2025 ICSA 1
3 Certified Financial Planner April 2025 FPSB 1
Exam Preparation WPEE: Jenjang Kualifikasi 5
Bidang Pasar Modal Subbidang Penjaminan Emisi
4 Efek Mei 2025 TICMI 1
WPEE Exam Preparation: Qualification Level 5 in
Capital Market – Securities Underwriting Subfield
5 ISO/IEC 27001:2022 Awareness Training Mei 2025 PREMYSIS 15
6 Certified Risk Professional Juli 2025 TAP Kapital Indonesia 1
Recharge & Rebalance: Menjaga Kesehatan di
Tengah Hidup yang Padat
7 Juli 2025 Salvus 38
Recharge & Rebalance: Maintaining Health Amid
a Busy Lifestyle 109
8 Embracing Change & Growing Together September 2025 Semesta Academy 13
Executive Training: Policy Advocacy for Kadin
9 September 2025 Kadin Indonesia Institute 1
Indonesia
Sertifikasi: Jenjang Kualifikasi 5 Bidang Pasar
Modal Subbidang Pengelolaan Investasi
10 September 2025 TICMI 2
Certification: Qualification Level 5 in Capital
Market – Investment Management Subfield
Trio Kunci Rahasia Finansial
11 September 2025 RADIANCE 31
The Three Keys to Financial Success
12 Workshop: APU PPT & KYC Oktober 2025 TICMI 19
Bridging Communication & Collaboration Across
13 November 2025 Flip Consultant 13
Departments
14 Creative Thinking Technique November 2025 PPM Manajemen 2
15 Effective Business Communication November 2025 PPM Manajemen 2
16 Measuring Social Return On Investment (SROI) November 2025 CECT Universitas Trisakti 1
17 Strategic Decision Making November 2025 PPM Manajemen 1
Weatherproof Your Health: Tetap Fit di Musim
Hujan
18 November 2025 Salvus 30
Weatherproof Your Health: Staying Fit During
the Rainy Season
19 Assertive Leadership Desember 2025 PPM Manajemen 1
Finance for Non-finance: Memahami Angka
untuk Komunikasi yang Efektif
20 Desember 2025 ICSA 1
Finance for Non-finance: Understanding
Numbers for Effective Communication
21 Managing Strategic Change Desember 2025 PPM Manajemen 1
Minaut Indonesia: Problem Solving and Decision
22 Desember 2025 PPM Manajemen 1
Making
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Jumlah Peserta (Orang)
Pelatihan Tanggal Lembaga Pelatihan
No. Number of Participants
Training Date Training Provider
(Persons)
Pelatihan Sertifikasi Manajemen Risiko: Jenjang
Kualifikasi 5 Bidang Pasar Modal
23 Desember 2025 TICMI 1
Risk Management Certification Training:
Qualification Level 5 in Capital Market
Pelatihan Sertifikasi WPEE: Jenjang Kualifikasi 5
Penjaminan Emisi Efek
24 Desember 2025 TICMI 4
WPEE Certification Training: Qualification Level 5
in Securities Underwriting
25 Practical Problem Solving Desember 2025 PPM Management 2
Refreshment Sertifikasi WPEE: Jenjang Kualifikasi
5 Penjaminan Emisi Efek
26 Desember 2025 TICMI 4
WPEE Certification Refresher: Qualification Level
5 in Securities Underwriting
Sertifikasi Manajemen Risiko
27 Desember 2025 TICMI 1
Risk Management Certification
28 Time Management Desember 2025 PPM Manajemen 1
Pelaksanaan program pelatihan sepanjang tahun The implementation of training programs throughout
2025 dirancang mencakup seluruh jenjang jabatan, 2025 was designed to cover all levels of positions,
110 melibatkan partisipasi karyawan dari berbagai kategori. involving employee participation across various
Rincian jumlah peserta, total jam pelatihan, serta rata- categories. Details on the number of participants, total
rata jam pelatihan per karyawan dapat dilihat pada training hours, and average training hours per employee
tabel berikut: are presented in the following table:
Jumlah Karyawan yang Rata-rata Jam Pelatihan
Uraian Memperoleh Pelatihan Jam Pelatihan Setiap Karyawan
Description Number of Employees Training Hours Average Training Hours per
Received Training Employee
Seluruh Karyawan
194 1.790,5 9,20
Overall Employee
Berdasarkan Jenis Kelamin
Based on Gender
Pria
69 727,5 10,54
Male
Wanita
125 1.063 8,50
Female
Berdasarkan Jenjang
Based on Level
Manager 44 414,5 9,42
Staff 150 1.376 9,17
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Program Peningkatan Kesejahteraan Karyawan Employee Well-being Enhancement Programs
Perseroan menempatkan kesejahteraan karyawan The Company places employee well-being as a strategic
sebagai prioritas strategis dengan menciptakan priority by fostering a conducive work environment
lingkungan kerja yang kondusif dan paket remunerasi and offering a competitive remuneration package.
yang kompetitif. Selain gaji dan tunjangan, Perseroan In addition to salaries and allowances, the Company
menawarkan benefit tambahan lain kepada karyawan, provides additional benefits, such as the Car Ownership
seperti Car Ownership Program (COP) untuk jabatan Program (COP) for certain positions to support personal
tertentu sebagai dukungan untuk kepemilikan vehicle ownership.
kendaraan pribadi.
Sejalan dengan itu, Perseroan juga menyediakan In line with this, the Company also provides daily
fasilitas pendukung keseharian, termasuk ruang supporting facilities, including a lactation room and
laktasi dan pantry, serta aktif menjalankan program pantry, and actively implements health and work-life
kesehatan dan work-life balance melalui beragam balance programs through various sports activities such
kegiatan olahraga seperti pound fit, boxing, yoga, as pound fit, boxing, yoga, badminton, and others. In
badminton, dan lainnya. Pada tahun 2025, komitmen 2025, this commitment was further strengthened with
ini diperkuat dengan tambahan fasilitas kesehatan yang the addition of more comprehensive health facilities,
lebih lengkap, termasuk penyediaan sarana olahraga including additional sports amenities such as padel and
tambahan seperti padel dan pilates, serta penyediaan pilates, as well as the provision of vitamin C booster
suntik vitamin C booster bagi karyawan sebagai wujud injections for employees as a form of attention to
perhatian terhadap kesehatan fisik dan daya tahan physical health and immune resilience.
tubuh.
Selain fokus pada kesejahteraan fisik, Perseroan In addition to focusing on physical well-being, the
juga mendorong pembentukan budaya kerja yang Company also promotes an inclusive and collaborative
inklusif dan kolaboratif melalui kegiatan sosial dan work culture through social and engagement activities.
kebersamaan. Inisiatif ini diwujudkan melalui kegiatan These initiatives are implemented through internal 111
lomba internal dalam rangka Hari Ulang Tahun competitions in celebration of Trimegah Sekuritas’
Trimegah Sekuritas, employee outing, dan kegiatan anniversary, employee outings, and group movie
menonton bersama yang semuanya bertujuan activities, all of which aim to strengthen relationships
mempererat hubungan antarkaryawan serta among employees while fostering motivation and
menumbuhkan motivasi dan loyalitas. loyalty.
Dengan pendekatan menyeluruh ini, Perseroan Through this comprehensive approach, the Company
memastikan bahwa setiap karyawan tidak hanya ensures that each employee’s professional needs are
terpenuhi kebutuhan profesionalnya, tetapi juga fulfilled while also supporting their health, motivation,
merasakan dukungan terhadap kesehatan, motivasi, and overall well-being, thereby building a productive,
dan kesejahteraan, sehingga membangun ekosistem inclusive, and sustainable work ecosystem.
kerja yang produktif, inklusif, dan berkelanjutan.
Tingkat Pergantian Karyawan Employee Turnover Rate
Sepanjang tahun 2025, Perseroan berhasil menjaga Throughout 2025, the Company successfully
tingkat pergantian karyawan (resign/PHK) yang maintained a relatively stable employee turnover rate
relatif stabil sebesar 11%, mencerminkan dinamika (resignations/terminations) of 11%, reflecting normal
tenaga kerja yang wajar di industri sekuritas. Untuk workforce dynamics within the securities industry. To
memastikan kontinuitas operasional dan pemenuhan ensure operational continuity and meet business needs,
kebutuhan bisnis, Perseroan melakukan rekrutmen the Company carried out new and replacement hiring at
baru maupun pengganti dengan tingkat 26%, sehingga a rate of 26%, ensuring that strategic positions remain
posisi-posisi strategis tetap terisi dan kinerja organisasi filled and organizational performance is not disrupted.
tidak terganggu.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Komitmen terhadap HAM dan Praktik Commitment to Human Rights and Non-
Ketenagakerjaan Tanpa Diskriminasi Discriminatory Employment Practices
Perseroan menempatkan praktik ketenagakerjaan The Company upholds competency-based and
berbasis kompetensi dan kesetaraan sebagai prinsip equitable employment practices as a core principle
utama dalam pengelolaan SDM. Komitmen ini in its human capital management. This commitment
memastikan setiap karyawan diperlakukan secara adil ensures that all employees are treated fairly and equally,
dan setara, tanpa diskriminasi berdasarkan gender, without discrimination based on gender, ethnicity, race,
suku, ras, atau agama. or religion.
Peran Strategis LKS Bipartit dan Komite Human Strategic Role of the Bipartite Cooperation Institution
Capital dalam Menjaga Hubungan Industrial and Human Capital Committee in Maintaining
Harmonis Harmonious Industrial Relations
Lembaga Kerja Sama (LKS) Bipartit PT Trimegah The Bipartite Cooperation Institution (LKS Bipartit)
Sekuritas Indonesia Tbk berperan sebagai forum of PT Trimegah Sekuritas Indonesia Tbk serves as
strategis yang menjembatani komunikasi antara a strategic forum that bridges communication
perusahaan dan karyawan, sekaligus memastikan between the Company and its employees, while
terciptanya hubungan industrial yang kondusif. LKS ensuring the establishment of conducive industrial
Bipartit menyelenggarakan pertemuan rutin setiap relations. The LKS Bipartit conducts regular monthly
bulannya dan hasil pertemuan rutin tersebut dicatat meetings, the outcomes of LKS Bipartit meetings are
secara tertulis dalam notulen resmi yang ditandatangani formally documented in official minutes, signed by
oleh seluruh peserta dan dilaporkan ke Dinas Tenaga all participants, and reported to the Manpower Office
Kerja (Disnaker) setiap enam bulan. (Disnaker) every six months.
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Keanggotaan LKS Bipartit Perseroan terdiri dari The membership of the Company’s LKS Bipartit
perwakilan karyawan untuk memastikan setiap consists of employee representatives to ensure that
unit kerja terdengar suaranya. Dengan terjalinnya the voices of all business units are heard. Through the
sinergi antara LKS Bipartit sebagai forum komunikasi strong synergy between the LKS Bipartit as a direct
langsung dengan karyawan dan Komite Human Capital communication forum with employees and the Human
sebagai mekanisme pengawasan strategis, Perseroan Capital Committee as a strategic oversight mechanism,
memastikan hubungan industrial tetap harmonis the Company ensures that industrial relations remain
sehingga program SDM dapat terlaksana secara optimal harmonious, enabling the effective implementation of
dan keputusan terkait kebijakan karyawan dapat human capital programs and ensuring that employee-
diambil secara partisipatif, transparan, dan akuntabel. related decisions are made in a participatory,
transparent, and accountable manner.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Unit Pendukung Bisnis
Overview of Business Support Units
Pencapaian Kinerja Utama Divisi Human Capital Key Performance Achievements of the Human
Tahun 2025 Capital Division in 2025
Secara keseluruhan, pencapaian Divisi Human Capital Overall, the Human Capital Division’s achievements in
pada 2025 mencerminkan keberhasilan Perseroan 2025 reflect the Company’s success in building a strong
dalam membangun fondasi SDM yang solid sekaligus human capital foundation while effectively addressing
kemampuan untuk menjawab kebutuhan bisnis yang dynamic business needs. These accomplishments
dinamis. Keberhasilan ini sekaligus menegaskan further reaffirm the Company’s commitment to
komitmen Perseroan dalam memastikan kepatuhan regulatory compliance, employee competency
terhadap regulasi, pengembangan kompetensi development, and workforce readiness in facing
karyawan, dan kesiapan SDM menghadapi tantangan the evolving capital market industry, enabling each
industri pasar modal yang terus berubah, sehingga individual to contribute optimally to the Company’s
setiap individu dapat berkontribusi optimal bagi sustainability and competitive advantage.
keberlanjutan dan keunggulan kompetitif Perseroan.
Rencana Pengembangan SDM Tahun 2026 Human Capital Development Plan for 2026
Menjawab kompleksitas pasar modal dan tren In response to the complexities of the capital market
digitalisasi, Perseroan menetapkan pengembangan and ongoing digitalization trends, the Company has
SDM sebagai prioritas strategis 2026 dengan fokus made human capital development a strategic priority
pada peningkatan kompetensi, penyempurnaan jalur for 2026, focusing on enhancing competencies, refining
karier, serta optimalisasi pengalaman karyawan. career paths, and optimizing the employee experience.
Program utama meliputi Management Trainee (MT) Key programs include the Management Trainee (MT)
Sales, survei karyawan untuk memetakan kebutuhan Sales program, employee surveys to map development
pengembangan, serta perancangan program needs, and the design of function-based competency
113
kompetensi berbasis fungsi. Pengalaman karyawan development programs. The employee experience will
juga diperkuat melalui optimalisasi onboarding dan also be strengthened through improved onboarding
penguatan Employee Value Proposition (EVP) guna processes and the enhancement of the Employee Value
menarik talenta terbaik. Proposition (EVP) to attract top talent.
Perseroan turut melanjutkan pengembangan sistem The Company will continue to develop its performance
manajemen kinerja, perbaikan career path, peninjauan management system, refine career paths, review
kompensasi dan benefit, serta pembaruan data compensation and benefits, and update personnel
personalia. Peran leader juga ditekankan untuk data. The role of leaders is also emphasized to drive
mendorong motivasi dan pengembangan tim. Melalui motivation and team development. Through these
inisiatif ini, Perseroan optimis membangun SDM yang initiatives, the Company is confident in building a
kompeten, adaptif, dan berdaya saing tinggi guna competent, adaptive, and highly competitive workforce
mendukung keberlanjutan bisnis. to support sustainable business growth.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Keuangan
Financial Overview
Analisis keuangan berikut ini disusun berdasarkan The following financial analysis is prepared based on the
Laporan Keuangan Perseroan dan Entitas Anak yang Financial Statements of the Company and Subsidiaries
berakhir pada tanggal-tanggal 31 Desember 2025 dan ending on December 31, 2025 and December 31, 2024.
31 Desember 2024. Laporan Keuangan telah diaudit The Financial Statements have been audited by the
oleh Kantor Akuntan Publik (KAP) Purwanto Susanti dan Public Accounting Firm (KAP) Purwanto Susanti and
Surja (anggota jaringan Ernst & Young) dan mendapat Surja (a member of the Ernst & Young network) and
opini wajar tanpa pengecualian, dalam semua hal yang received an unqualified opinion, in all material respects,
material, posisi keuangan Perseroan pada tanggal 31 on the Company’s financial position as of December 31,
Desember 2025 dan 31 Desember 2024, serta kinerja 2025 and December 31, 2024, as well as the financial
keuangan dari tanggal tersebut sesuai dengan Standar performance from that date in accordance with
Akuntansi Keuangan (SAK) di Indonesia. Financial Accounting Standards (SAK) in Indonesia.
Aset Assets
Total aset Perseroan per 31 Desember 2025 dibukukan The Company’s total assets as of December 31, 2025
mencapai Rp6,8 triliun, meningkat 92,8% dibandingkan were recorded at Rp6.8 trillion, representing an increase
posisi Rp3,54 triliun pada akhir tahun sebelumnya. of 92.8% compared to Rp3.54 trillion at the end of
Kenaikan ini terutama ditopang oleh pertumbuhan the previous year. This growth was primarily driven by
pada kas dan setara kas, piutang transaksi perantara increases in cash and cash equivalents, receivables from
pedagang efek – neto, serta piutang transaksi repo – brokerage transactions – net, and receivables from repo
neto. transactions – net.
Posisi kas dan setara kas pada akhir 2025 tercatat Cash and cash equivalents at the end of 2025 amounted
sebesar Rp779,9 miliar, meningkat 96,9% dibandingkan to Rp779.9 billion, reflecting a 96.9% increase from
114
Rp396,0 miliar pada tahun sebelumnya. Kenaikan Rp396.0 billion in the prior year. This increase mainly
tersebut terutama berasal dari arus kas aktivitas resulted from cash flows generated from financing
pendanaan, termasuk penerbitan obligasi dan pinjaman activities, including bond issuances and bank loans,
bank yang meningkatkan saldo kas pada tanggal which boosted the cash balance as of the reporting
pelaporan. date.
Piutang transaksi perantara pedagang efek – neto Receivables from brokerage transactions – net rose
meningkat 81,7% menjadi Rp1,2 triliun dari Rp675,2 by 81.7% to Rp1.2 trillion from Rp675.2 billion. The
miliar. Kenaikan akumulatif pada piutang dan utang cumulative increase in receivables from brokerage
transaksi perantara pedagang efek terkait dengan transaction receivables and payables was related to
kenaikan transaksi saham dan obligasi pada dua hari higher stock and bond trading values in the last two
bursa terakhir pada bulan Desember 2025 dibandingkan trading days of December 2025 compared to the last
dengan transaksi pada dua hari bursa terakhir pada two trading days of December 2024.
bulan Desember 2024.
Piutang transaksi repo – neto juga meningkat Receivables from repo transactions – net also increased
115,1% menjadi Rp4,2 triliun dibandingkan Rp1,9 by 115.1% to Rp4.2 trillion, compared to Rp1.9 trillion in
triliun pada tahun sebelumnya. Perubahan tersebut the previous year. This change reflects the Company’s
mencerminkan peningkatan kemampuan Perseroan increased ability to optimize capital utilization to
dalam mengoptimalisasi penggunaan modal untuk generate sustainable income while mitigating financial
menghasilkan pendapatan yang berkesinambungan asset risks.
seraya menjaga risiko aset keuangan tetap termitigasi.
Portofolio efek – neto tercatat sebesar Rp426,8 Marketable securities – net was recorded at Rp426.8
miliar, meningkat 20,8% dibandingkan Rp354,1 miliar billion, an increase of 20.8% compared to Rp354.1
pada tahun sebelumnya. Peningkatan ini terutama billion in the prior year. This increase was primarily
dipengaruhi oleh perubahan komposisi dan nilai wajar influenced by changes in the composition and fair value
portofolio investasi pada akhir periode pelaporan, of the investment portfolio at the end of the reporting
sejalan dengan strategi pengelolaan aset dan kondisi period, in line with the Company’s asset management
pasar. strategy and prevailing market conditions.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Liabilitas Liabilities
Per 31 Desember 2025, total liabilitas Perseroan tercatat As of December 31, 2025, the Company’s total liabilities
sebesar Rp4,7 triliun, meningkat 130,6% dibandingkan were recorded at Rp4.7 trillion, an increase of 130.6%
Rp2,06 triliun pada akhir tahun sebelumnya. compared to Rp2.06 trillion at the end of the previous
Peningkatan ini terutama berasal dari kenaikan surat year. This increase was primarily driven by the increase
utang jangka panjang dan utang jangka pendek sebagai in long-term notes payable and short-term liabilities as
bagian dari strategi pendanaan Perseroan. part of the Company’s financing strategy.
Posisi surat utang jangka panjang meningkat signifikan Long-term notes payable increased significantly to
menjadi Rp2,3 triliun dari Rp695,19 miliar. Kenaikan Rp2.3 trillion from Rp695.19 billion. This increase was
tersebut terutama disebabkan oleh penerbitan Obligasi mainly attributable to the issuance of Shelf Registered
Berkelanjutan I Tahap III, dan Obligasi Berkelanjutan II Bond I Phase III, as well as Trimegah Sekuritas Indonesia
Trimegah Sekuritas Indonesia Tahap I, II, dan III Tahun Shelf Registration Bond II Phase I, II, and III in 2025, with
2025 dengan total nilai nominal mencapai sekitar a total nominal value of approximately Rp2.0 trillion.
Rp2,0 triliun.
Sementara itu, nilai utang jangka pendek meningkat Meanwhile, short-term liabilities increased by 62.3%
62,3% menjadi Rp1,2 triliun per 31 Desember 2025 to Rp1.2 trillion as of December 31, 2025, compared to
dibandingkan Rp770 miliar pada tahun sebelumnya. Rp770 billion in the previous year. This increase was in
Peningkatan ini seiring dengan pertumbuhan volume line with the growth in business volume.
bisnis.
Ekuitas Equity 115
Pada 31 Desember 2025, total ekuitas Perseroan As of December 31, 2025, the Company’s total equity
tercatat sebesar Rp2,07 triliun, meningkat 40,2% was recorded at Rp2.07 trillion, representing an increase
dibandingkan Rp1,48 triliun pada akhir tahun of 40.2% compared to Rp1.48 trillion at the end of the
sebelumnya. Peningkatan ini terutama didorong oleh previous year. This growth was primarily driven by an
pertumbuhan saldo laba yang mencerminkan kinerja increase in retained earnings, reflecting the Company’s
operasional Perseroan selama periode berjalan. operational performance during the period.
Saldo laba meningkat 61,8% menjadi Rp1,56 triliun Retained earnings rose by 61.8% to Rp1.56 trillion from
dari Rp970,9 miliar pada 31 Desember 2024. Kenaikan Rp970.9 billion as of December 31, 2024. This increase
tersebut terutama berasal dari laba tahun berjalan. was mainly attributable to profit for the year.
Pendapatan Usaha Revenues
Pendapatan usaha Perseroan terdiri atas pendapatan The Company’s total revenue consists of income from
dari kontrak dengan pelanggan serta pendapatan dari contracts with customers and income from investments.
hasil investasi. Total Pendapatan Usaha Perseroan Total operating revenue increased significantly in 2025
meningkat signifikan pada tahun 2025 yang mencapai to Rp1.68 trillion, from Rp907.1 billion in 2024.
Rp1,68 triliun dari Rp907,1 miliar pada tahun 2024.
Sepanjang tahun 2025, pendapatan dari kontrak Throughout 2025, income from contracts with
dengan pelanggan tercatat sebesar Rp869,6 miliar customers amounted to Rp869.6 billion, representing
meningkat 56% dibandingkan Rp556,7 miliar pada an increase of 56% compared to Rp556.7 billion in
tahun sebelumnya. Peningkatan ini terutama didorong the previous year. This growth was primarily driven by
oleh pertumbuhan aktivitas bisnis di seluruh lini bisnis increased business activity across all of the Company’s
Perseroan. business lines.
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Keuangan
Financial Overview
Pendapatan dari jasa kegiatan manajer investasi Revenue from investment management fees rose by
mengalami peningkatan 57,4% atau setara dengan 57.4%, or Rp162.3 billion, in line with the growth in
Rp162,3 miliar, sejalan dengan pertumbuhan dana assets under management of the Company’s subsidiary,
kelolaan anak usaha Perseroan – PT Trimegah Asset PT Trimegah Asset Management. Brokerage commission
Management. Pendapatan komisi perantara efek naik income increased by 26.6%, or Rp47.0 billion, reflecting
26,6% atau setara dengan Rp47,0 miliar, mencerminkan higher client transaction volumes and values during
peningkatan volume dan nilai transaksi nasabah selama the period. In addition, underwriting fee revenue grew
periode berjalan. Selain itu, pendapatan dari jasa by 120.1%, or Rp76.0 billion, supported by an increase
penjamin emisi efek meningkat 120,1% atau setara in mandates and the realization of public offering
dengan Rp76,0 miliar, didukung oleh bertambahnya transactions. Revenue from financial advisory services
mandat dan realisasi transaksi penawaran umum. also increased by 92.8%, or Rp27.0 billion, in line with
Pendapatan dari jasa penasihat keuangan juga the completion of several advisory transactions in 2025.
meningkat 92,8% atau setara dengan Rp27,0 seiring
dengan penyelesaian sejumlah transaksi advisory pada
tahun 2025.
Sementara itu, pendapatan dari hasil investasi tercatat Meanwhile, income from investments was recorded at
sebesar Rp810,3 miliar, meningkat 131,3% atau Rp810.3 billion, representing an increase of 131.3%, or
setara dengan Rp460,0 miliar dibandingkan pada Rp460.0 billion, compared to the previous year. This
tahun sebelumnya. Kenaikan ini terutama berasal dari increase was mainly driven by a 67.5% rise in dividend
peningkatan pendapatan dividen dan bunga sebesar and interest income, equivalent to Rp221.4 billion, as
67,5% atau setara dengan Rp221,4 miliar, serta kenaikan well as a tenfold increase in net gains on securities,
keuntungan dari efek – neto meningkat hingga 10x atau amounting to Rp238.5 billion. This performance was
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setara dengan Rp238,5 miliar. Hal ini dipengaruhi oleh influenced by the realization number of transactions
realisasi transaksi dan perubahan nilai wajar portofolio and changes in the fair value of the investment portfolio
investasi selama periode pelaporan. during the reporting period.
Beban Usaha Operating Expenses
Seiring dengan pertumbuhan aktivitas usaha, total In line with the growth in business activities, the
beban usaha Perseroan meningkat 64,7% menjadi Company’s total operating expenses increased by
Rp821,0 miliar dibandingkan Rp498,52 miliar pada 64.7% to Rp821.0 billion, compared to Rp498.52
tahun sebelumnya. Kenaikan ini terutama dipengaruhi billion in the previous year. This increase was primarily
oleh peningkatan beban gaji dan tunjangan karyawan, driven by higher salaries and employee benefits
beban pemasaran, serta beban umum dan administrasi, expenses, marketing expenses, as well as general and
sejalan dengan kenaikan volume bisnis dan penguatan administrative expenses, in line with the increased
kapabilitas organisasi selama periode berjalan. business volume and the strengthening of organizational
capabilities during the period.
Beban gaji dan tunjangan meningkat seiring dengan Salaries and employee benefits expenses rose due to
penambahan karyawan dan penyesuaian remunerasi, workforce expansion and remuneration adjustments,
sedangkan kenaikan beban pemasaran mencerminkan while the increase in marketing expenses reflects
peningkatan aktivitas promosi dan pengembangan intensified promotional and business development
bisnis. Beban umum dan administrasi turut meningkat activities. General and administrative expenses also
sejalan dengan volume operasional yang lebih besar. increased in line with the higher level of operational
activity.
Di sisi lain, beban penyusutan dan amortisasi menurun On the other hand, depreciation and amortization
dari Rp18,02 miliar pada 2024 menjadi Rp17,8 miliar expenses decreased from Rp18.02 billion in 2024
pada 2025. Penurunan ini terutama dipengaruhi oleh to Rp17.8 billion in 2025. This decline was mainly
berakhirnya masa manfaat atas sebagian aset tetap attributable to the expiration of the useful lives of
dan/atau aset tak berwujud tertentu, sehingga beban certain fixed assets and/or intangible assets, resulting in
non-kas yang diakui selama periode berjalan menjadi lower non-cash expenses recognized during the period
lebih rendah dibandingkan tahun sebelumnya. compared to the previous year.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Keuangan
Financial Overview
Laba Usaha dan Pendapatan (Beban) Lain-lain Operating Profit, Other Income (Expenses)
Pada tahun 2025, Perseroan membukukan laba In 2025, the Company recorded operating profit of
usaha sebesar Rp858,9 miliar, meningkat 110,2% Rp858.9 billion, representing an increase of 110.2%
dibandingkan Rp408,63 miliar pada tahun sebelumnya. compared to Rp408.63 billion in the previous year.
Perubahan tersebut terutama dipengaruhi oleh This growth was primarily driven by the increase in
pertumbuhan pendapatan usaha yang diimbangi operating revenue, offset by the dynamics of operating
dengan dinamika beban operasional seiring peningkatan expenses in line with the higher level of business
aktivitas bisnis selama periode berjalan. Secara margin, activity during the period. In terms of margin, operating
laba usaha terhadap pendapatan tercatat sebesar profit to revenue was recorded at 51.1%, reflecting the
51,1%, mencerminkan tingkat efisien perusahaan dalam Company’s efficiency in managing its operations to
mengelola operasionalnya dalam menghasilkan laba generate operating profit.
usaha.
Di sisi lain, Perseroan mencatat kenaikan beban lain- On the other hand, the Company recorded a 99.4%
lain – neto sebesar 99,4% sehingga tercatat menjadi increase in other expenses – net, reaching Rp165.4
Rp165,4 miliar pada tahun 2025, dibandingkan Rp89,0 billion in 2025, compared to Rp89.0 billion in the
miliar pada tahun sebelumnya. Peningkatan beban previous year. This increase was mainly attributable to
lain-lain tersebut terutama dipengaruhi oleh biaya financial costs, particularly interest expenses on the
keuangan – beban bunga obligasi maupun pinjaman Company’s bonds and bank loans during the reporting
bank Perseroan selama periode pelaporan. period.
Laba Bersih Tahun Berjalan dan Total Penghasilan Profit for the Year and Total Comprehensive Income
Komprehensif 117
Pada tahun 2025, Perseroan membukukan laba tahun In 2025, the Company recorded profit for the year of
berjalan sebesar Rp593,5 miliar, meningkat signifikan Rp593.5 billion, a significant increase from Rp259.8
dibandingkan Rp259,8 miliar pada tahun sebelumnya billion in the previous year, representing year-on-year
atau tumbuh 128,4% secara tahunan. Peningkatan growth of 128.4%. This increase was primarily driven by
tersebut terutama didorong oleh pertumbuhan higher operating revenue, stronger contributions from
pendapatan usaha, kontribusi hasil investasi yang lebih investment income, and disciplined management of
kuat, serta pengelolaan beban operasional yang tetap operating expenses throughout the period.
disiplin selama periode berjalan.
Sejalan dengan peningkatan laba bersih, total In line with the increase in net profit, total
penghasilan komprehensif tahun berjalan tercatat comprehensive income for the year amounted to
sebesar Rp594,9 miliar, meningkat 126,8% Rp594.9 billion, up 126.8% from Rp262.21 billion in the
dibandingkan Rp262,21 miliar pada tahun sebelumnya. previous year. This growth reflects improved operational
Kenaikan ini mencerminkan perbaikan kinerja performance as well as the positive impact of other
operasional sekaligus dampak positif dari komponen comprehensive income components, in accordance
penghasilan komprehensif lain, sesuai dengan with recognition under applicable accounting standards.
pengakuan berdasarkan standar akuntansi yang berlaku.
Pertumbuhan laba dan penghasilan komprehensif The growth in profit and comprehensive income also
tersebut turut memperkuat indikator profitabilitas strengthened the Company’s profitability indicators.
Perseroan. Rasio laba tahun berjalan terhadap The ratio of profit for the year to total equity was
total ekuitas tercatat sebesar 28,6%, meningkat recorded at 28.6%, an increase from 17.6% in the
dibandingkan 17,6% pada tahun sebelumnya. previous year. This improvement indicates a higher
Perbaikan rasio ini menunjukkan peningkatan tingkat return to shareholders and a stronger capital structure
pengembalian kepada pemegang saham serta supporting the sustainability of business growth.
penguatan struktur permodalan yang mendukung
keberlanjutan pertumbuhan usaha.
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Tinjauan Keuangan
Financial Overview
Arus Kas Cash Flow
Per 31 Desember 2025, posisi kas dan setara kas As of December 31, 2025, the Company’s cash and
Perseroan tercatat sebesar Rp779,9 miliar, meningkat cash equivalents were recorded at Rp779.9 billion,
96,9% dibandingkan Rp396,0 miliar pada akhir tahun representing an increase of 96.9% compared to Rp396.0
sebelumnya. Peningkatan saldo kas tersebut terutama billion at the end of the previous year. The increase in
didorong oleh kas neto yang diperoleh dari aktivitas cash balance was primarily driven by net cash provided
pendanaan sebesar Rp1,9 triliun serta kas neto yang by financing activities amounting to Rp1.9 trillion,
diperoleh dari aktivitas investasi sebesar Rp12,1 miliar as well as net cash provided by investing activities of
selama periode berjalan. Di sisi lain, Perseroan mencatat Rp12.1 billion during the period. On the other hand, the
kas neto yang digunakan untuk aktivitas operasi sebesar Company recorded net cash used in operating activities
Rp1,6 triliun. Penggunaan arus kas disalurkan untuk amounting to Rp1.6 trillion. The cash outflows were
pemberian piutang transaksi repo dan aktivitas operasi mainly allocated to the extension of receivables from
lainnya. repo transactions and other operational activities.
Arus Kas dari Aktivitas Operasi Cash Flow from Operating Activities
Perseroan mencatat penggunaan kas neto untuk The Company recorded net cash used in operating
aktivitas operasi sebesar Rp1,6 triliun, meningkat activities of Rp1.6 trillion, a significant increase
signifikan dibandingkan Rp354,1 miliar pada periode compared to Rp354.1 billion in the same period of the
yang sama di tahun sebelumnya. Arus kas masuk previous year. Cash receipts were primarily derived from
terutama berasal dari penerimaan atas jasa penasihat receipts of financial advisory services, underwriting and
keuangan, penjaminan emisi dan penjualan efek, securities sales, as well as investment management
serta jasa manajer investasi sebesar Rp590,2 miliar, services amounting to Rp590.2 billion, receipts from
penerimaan pendapatan dividen dan bunga sebesar dividend and interest income of Rp513.0 billion,
118
Rp513,0 miliar, penerimaan komisi perantara brokerage commission income of Ro223.4 billion, and
perdagangan efek sebesar Rp223,4 miliar, serta receipts from repo transaction receivables of Rp387.8
penerimaan dari piutang transaksi repo sebesar Rp387,8 billion.
miliar.
Sementara itu, arus kas keluar dari aktivitas operasi Meanwhile, cash outflows from operating activities
terutama digunakan untuk pemberian piutang were mainly used for granting of receivables from repo
transaksi repo sebesar Rp2,6 triliun, pembayaran transactions of amounting to Rp2.6 trillion, payments
kepada karyawan sebesar Rp238,6 miliar, serta to employees of Rp238.6 billion, and payments to
pembayaran kepada pemasok – neto sebesar Rp512,4 suppliers – net of Rp512.4 billion. The movement in
miliar. Pergerakan arus kas operasi tersebut terutama operating cash flows was primarily influenced by the
dipengaruhi oleh peningkatan aktivitas transaksi bisnis increase in business transaction activities during the
selama periode berjalan. period.
Arus Kas dari Aktivitas Investasi Cash Flow from Investing Activities
Terkait aktivitas investasi, Perseroan mencatat Regarding investing activities, the Company recorded
penerimaan kas dari bunga sebesar Rp25,1 miliar. Namun cash receipts from interest income of Rp25.1 billion.
demikian, Perseroan juga mengeluarkan kas untuk However, the Company also made cash outflows for the
perolehan aset tetap sebesar Rp6,0 miliar, perolehan aset acquisition of fixed assets amounting to Rp6.0 billion,
takberwujud sebesar Rp5,3 miliar, uang muka pembelian acquisition of intangible assets of Rp5.3 billion, advances
aset takberwujud sebesar Rp1,0 miliar, serta uang muka for the purchase of intangible assets of Rp1.0 billion,
pembelian aset tetap sebesar Rp0,7 miliar. Pengeluaran and advances for the purchase of fixed assets of Rp0.7
ini terutama terkait dengan pengembangan infrastruktur billion. These outflows were primarily related to the
dan sistem pendukung operasional Perseroan. development of infrastructure and operational support
systems for the Company.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Tinjauan Keuangan
Financial Overview
Arus Kas dari Aktivitas Pendanaan Cash Flow from Financing Activities
Arus kas dari aktivitas pendanaan mencatat kas masuk Cash flows from financing activities recorded net
bersih sebesar Rp2,0 triliun, meningkat dibandingkan cash inflows of Rp2.0 trillion, an increase compared
Rp549,68 miliar pada periode yang sama tahun 2024. to Rp549.68 billion in the same period of 2024. Cash
Penerimaan kas terutama berasal dari penarikan receipts were primarily derived from bank loan proceeds
pinjaman bank sebesar Rp18,6 triliun dan penerbitan of Rp18.6 trillion and bond issuances of Rp2.0 trillion.
obligasi sebesar Rp2,0 triliun.
Adapun arus kas keluar dalam aktivitas pendanaan Meanwhile, cash outflows from financing activities were
digunakan untuk pembayaran utang bank sebesar used for bank loan repayments of Rp18.1 trillion, bond
Rp18,1 triliun, pelunasan obligasi sebesar Rp388,0 redemptions of Rp388.0 billion, interest payments of
miliar, pembayaran bunga sebesar Rp150,8 miliar, Rp150.8 billion, and lease liability payments of Rp8.5
pembayaran liabilitas sewa sebesar Rp8,5 miliar. Secara billion. Overall, the financing cash flows reflect the
keseluruhan, arus kas pendanaan mencerminkan Company’s strategy to optimize its capital structure to
strategi Perseroan dalam mengoptimalkan struktur support business growth while maintaining a balance
pendanaan guna mendukung pertumbuhan usaha between expansion and capital discipline.
sekaligus menjaga keseimbangan antara ekspansi dan
disiplin permodalan.
119
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Kemampuan Membayar Utang
Ability to Pay Debts
Perseroan secara disiplin menjaga kemampuan The Company has maintained a disciplined approach
pemenuhan kewajiban jangka pendek maupun jangka to managing its ability to meet both short-term and
panjang melalui pengelolaan kas dan setara kas, long-term obligations through effective management
serta aset lainnya. Pengelolaan tersebut mencakup of cash and cash equivalents, and other assets. This
pemantauan arus kas harian, pengendalian eksposur management includes daily cash flow monitoring,
transaksi repo dan margin, serta optimalisasi sumber controlling exposure from repo transactions and
pendanaan untuk memastikan kecukupan likuiditas margins, and optimizing funding sources to ensure
pada setiap waktu. sufficient liquidity at all times.
Berikut ini merupakan beberapa indikator likuiditas Below are several liquidity indicators demonstrating
kemampuan Perseroan dalam membayar kewajiban the Company’s ability to meet its short-term and long-
jangka pendek dan jangka panjang Perseroan dalam 2 term obligations over the past 2 years:
tahun terakhir:
Keterangan 31 Desember 2025 31 Desember 2024
Description December 31, 2025 December 31, 2024
Rasio Lancar
2,89x 2,64x
Current Ratio
Rasio Utang
0,70x 0,58x
Debt Ratio
120 • Per 31 Desember 2025, rasio lancar (current • As of December 31, 2025, the Company’s
ratio) Perseroan tercatat sebesar 2,89 kali, current ratio was recorded at 2.89 times, an
meningkat dibandingkan 2,64 kali pada tahun increase from 2.64 times in the previous year.
lalu. Peningkatan rasio tersebut mencerminkan This improvement reflects a stronger current
posisi aset lancar yang semakin kuat relatif asset position relative to short-term liabilities
terhadap liabilitas jangka pendek, sekaligus and demonstrates the Company’s ability to
menunjukkan kemampuan Perseroan dalam manage working capital effectively while
mengelola modal kerja secara efektif dan maintaining liquidity flexibility amid dynamic
menjaga fleksibilitas likuiditas di tengah business transaction activities.
dinamika aktivitas transaksi bisnis.
• Per 31 Desember 2025, rasio utang tercatat • As of December 31, 2025, the Company’s debt
sebesar 0,70 kali, dibandingkan 0,58 kali pada ratio was recorded at 0.70 times, compared
tahun sebelumnya. Pergerakan rasio tersebut to 0.58 times in the previous year. This
mencerminkan perubahan struktur pendanaan change reflects adjustments in the Company’s
Perseroan selama periode berjalan, termasuk funding structure during the period, including
penerbitan instrumen utang dan pengelolaan the issuance of debt instruments and the
kewajiban jangka panjang lainnya. Secara management of other long-term liabilities.
keseluruhan, tingkat solvabilitas yang Overall, the maintained level of solvency
tetap terjaga menunjukkan bahwa struktur indicates that the Company’s capital
permodalan Perseroan masih berada dalam structure remains healthy and well-balanced,
batas yang sehat dan terukur, sehingga supporting business expansion while ensuring
mampu mendukung ekspansi usaha sekaligus a proper balance between growth and risk
menjaga keseimbangan antara pertumbuhan management.
dan manajemen risiko.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Kolektibilitas Piutang
Collectibility of Receivables
Kolektibilitas piutang Perseroan berkaitan dengan The Company’s collectability of receivables is related
kegiatan perantara pedagang efek, pembiayaan to brokerage activities, customer financing, reverse
nasabah, piutang beli efek dengan janji jual kembali, repo receivables, receivables from advisory services and
piutang jasa penasihat keuangan dan penjamin emisi, underwriters, receivables from investment manager
piutang kegiatan manajer investasi, dan piutang lain- activities, and other receivables.
lain.
Perseroan telah mengimplementasi akuntansi The Company has implemented the accounting for
kerugian penurunan nilai untuk aset keuangan dengan impairment losses for financial assets with the expected
menggunakan pendekatan kerugian kredit ekspektasian loss impairment model in accordance with Statement
berwawasan ke depan (expected loss impairment model) of Financial Accounting Standards (SFAS) No. 109 on
sesuai dengan Pernyataan Standar Akuntansi Keuangan Financial Instruments.
(PSAK) 109 tentang Instrumen Keuangan.
Piutang Usaha dan Piutang Transaksi Perantara Account Receivables and Receivables for
Pedagang Efek Brokerage Activities
Per tanggal 31 Desember 2025, Perseroan mencatat As of December 31, 2025, the Company recorded
cadangan kerugian penurunan nilai atas piutang provision for impairment losses on receivables
nasabah (bagian dari piutang transaksi perantara from customers (part of receivables from brokerage
pedagang efek) dengan total sebesar Rp3,6 miliar, dan activities) totaling Rp3.6 billion, and the Company
Perseroan berkeyakinan bahwa cadangan kerugian believed that the provision for impairment losses on
penurunan nilai piutang tersebut telah memadai. these receivables was adequate. The Company did not
Perseroan tidak mencatat penyisihan kerugian record provision for impairment losses on receivables 121
penurunan nilai pada piutang pada lembaga kliring from clearing and guarantee institutions, receivables
dan penjaminan, piutang perusahaan efek (bagian dari from securities companies (part of receivables from
piutang transaksi perantara pedagang efek), dan pada brokerage activities), nor on account receivables
piutang usaha karena berkeyakinan bahwa seluruh because the Company believed that all of these
piutang tersebut dapat tertagih. receivables were collectible.
Piutang Transaksi Repo Receivables from Repo Transaction
Pada tanggal 31 Desember 2025, Perseroan mencatat As of December 31, 2025, the Company recorded
cadangan kerugian penurunan nilai atas piutang provision for impairment losses on reverse repo
beli efek dengan janji dijual kembali sebesar Rp46,6 receivables amounting to Rp46.6 billion and the
miliar dan Perseroan berkeyakinan bahwa cadangan Company believed that the provision for impairment
penurunan nilai piutang tersebut telah memadai. losses on the receivables was adequate.
Piutang Lain-lain Other Receivables
Pada tanggal 31 Desember 2025, Perseroan mencatat As of December 31, 2025, the Company recorded a
cadangan kerugian penurunan nilai piutang lain-lain provision for impairment losses on other receivables
sebesar Rp13,3 miliar. Perseroan berkeyakinan bahwa amounting to Rp13.3 billion. The Company believed
cadangan penurunan nilai piutang tersebut telah that the provision for impairment of accounts receivable
memadai. was adequate.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Struktur Modal
Capital Structure
Kebijakan Manajemen atas Struktur Modal Management Policy on Capital Structure
Struktur modal Perseroan dikelola secara aktif untuk The Company actively manages its capital structure
menjaga keseimbangan antara optimalisasi biaya dana to maintain a balance between optimizing the cost
(cost of capital), pengendalian risiko keuangan, serta of capital, controlling financial risks, and complying
pemenuhan ketentuan regulator, termasuk POJK 35/ with regulatory requirements, including POJK 35/
POJK.04/2018 tentang pemeliharaan Modal Kerja POJK.04/2018 concerning the maintenance of Adjusted
Bersih Disesuaikan (MKBD). Penetapan kebijakan Net Working Capital (ANWC). Capital structure
struktur modal dilakukan melalui rapat Asset-Liability policies are determined through Asset-Liability
Committee (ALCO) yang diselenggarakan secara Committee (ALCO) meetings, held regularly at least
berkala sedikitnya satu kali setiap bulan dan melibatkan once a month and involving the Board of Directors and
Direksi serta fungsi terkait (Divisi Accounting, Tax & relevant functions (Accounting, Tax & Finance Division,
Finance, Corporate Risk Management & Anti Fraud, Corporate Risk Management & Anti-Fraud, Corporate
Corporate Strategy, dan Securities Financing). Rapat Strategy, and Securities Financing). These meetings
tersebut dimaksudkan untuk memastikan kecukupan are intended to ensure sufficient liquidity and the
likuiditas dan ketahanan struktur pendanaan dengan resilience of the funding structure, taking into account
mempertimbangkan profil risiko serta dinamika the Company’s risk profile and operational dynamics,
operasional Perseroan, yang antara lain mencakup including evaluation of:
evaluasi atas:
• Proyeksi likuiditas dan kecukupan MKBD. • Liquidity projections and adequacy of ANWC.
• Struktur jatuh tempo liabilitas (maturity profile). • Liability maturity structure (maturity profile).
• Kebutuhan pendanaan untuk pembiayaan margin • Funding requirements for margin financing and
dan warehousing. warehousing.
122 • Eksposur risiko pasar dan risiko suku bunga. • Market risk and interest rate risk exposure.
• Biaya pendanaan relatif terhadap imbal hasil aset • Funding costs relative to returns on productive
produktif. assets.
Pendekatan tersebut memastikan struktur permodalan This approach ensures that the capital structure
tetap adaptif terhadap dinamika pasar modal, fluktuasi remains adaptive to capital market dynamics, interest
suku bunga, serta kebutuhan ekspansi usaha yang rate fluctuations, and evolving business expansion
berkembang. Dalam kerangka pengelolaan likuiditas, needs. Within the liquidity management framework,
Perseroan menerapkan kebijakan efisiensi biaya atas the Company implements cost efficiency policies
saldo kas (cost of carry management) melalui penetapan on cash balances (cost of carry management) by
minimum cash level harian yang dihitung berdasarkan establishing a daily minimum cash level based on cash
proyeksi arus kas, kebutuhan penyelesaian transaksi flow projections, settlement requirements for exchange
bursa, serta buffer risiko likuiditas. transactions, and liquidity risk buffers.
Walaupun posisi kas dijaga pada level operasional Although cash is maintained at an optimal operational
yang optimal, Perseroan memiliki sumber likuiditas level, the Company has contingency liquidity sources
kontinjensi berupa fasilitas money market line dari in the form of money market lines from banks, with a
perbankan dengan total fasilitas sebesar Rp3 triliun yang total facility of Rp3 trillion that can be drawn at any
dapat ditarik sewaktu-waktu. Ketersediaan fasilitas time. The availability of these facilities provides short-
tersebut memberikan fleksibilitas pendanaan jangka term funding flexibility, supports margin financing and
pendek, mendukung aktivitas pembiayaan marjin dan warehousing activities, and helps mitigate cash flow
warehousing, serta memitigasi risiko mismatch arus kas mismatch risks under market volatility conditions.
dalam kondisi volatilitas pasar.
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04 MANAGEMENT DISCUSSION & ANALYSIS
Struktur Modal
Capital Structure
Komposisi Permodalan Capital Structure Composition
Komposisi sumber pendanaan Perseroan selama dua The following is the structure of funding sources of the
tahun terakhir, adalah sebagai berikut: Company for the past two years:
(Rp miliar)
Keterangan 31 Desember 2025 31 Desember 2024
Description December 31, 2025 December 31, 2024
Utang Jangka Pendek
1.250,0 770,0
Short-term Liabilities
Surat Utang Jangka Panjang
2.356,7 659,2
Long-term Notes Payable
Ekuitas
2.074,8 1.480,0
Equity
Total 5.681,5 2.909,2
Per 31 Desember 2025, total pendanaan Perseroan As of December 31, 2025, the Company’s total funding
meningkat menjadi Rp5,68 triliun dibandingkan posisi increased to Rp5.68 trillion, compared to Rp2.90 trillion
tahun sebelumnya sebesar Rp2,90 triliun. Struktur in the previous year. The capital structure in 2025
permodalan pada tahun 2025 tetap ditopang oleh continued to be supported by a combination of short-
kombinasi utang jangka pendek, surat utang jangka term liabilities, long-term notes payable, and equity, 123
panjang, dan ekuitas, yang dirancang untuk menjaga designed to maintain a balance between liquidity
keseimbangan antara fleksibilitas likuiditas dan flexibility and cost of capital optimization.
optimalisasi biaya modal.
Peningkatan pendanaan sepanjang tahun 2025 antara The increase in funding during 2025 was primarily
lain didorong oleh penerbitan Obligasi Berkelanjutan driven by the issuance of Trimegah Sekuritas Indonesia
II Trimegah Sekuritas Indonesia Tahap I, II, dan III Shelf Registered Bond II Phases I, II, and III in 2025. The
Tahun 2025. Dana hasil penerbitan obligasi tersebut proceeds from these bond issuances were primarily
digunakan terutama untuk mendukung kebutuhan used to support working capital needs, including margin
modal kerja, termasuk pembiayaan marjin (margin financing and warehousing activities, to facilitate client
financing) dan aktivitas warehousing dalam rangka transactions and manage the trading portfolio.
mendukung transaksi nasabah serta pengelolaan
portofolio perdagangan.
Kenaikan leverage pada tahun 2025 tetap dikelola The increase in leverage in 2025 was managed
dalam koridor risk appetite yang telah ditetapkan within the risk appetite framework established by
manajemen, dengan tetap memperhatikan pemenuhan management, while ensuring compliance with the
ketentuan Modal Kerja Bersih Disesuaikan (MKBD) ANWC requirements under applicable OJK regulations
sesuai regulasi OJK yang berlaku bagi perusahaan for securities companies. Additionally, debt structure
efek. Selain itu, pengelolaan struktur utang dilakukan management was carried out through diversification
melalui diversifikasi sumber pendanaan, pengaturan of funding sources, maturity profile management,
profil jatuh tempo (maturity profile management), serta and monitoring sensitivity to interest rate changes to
pemantauan sensitivitas terhadap perubahan suku mitigate refinancing risks and ensure the sustainability
bunga guna memitigasi risiko refinancing dan menjaga of operational cash flows.
ketahanan arus kas operasional secara berkelanjutan.
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
124
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Investasi Barang Modal dan Ikatan Material terkait Investasi
Barang Modal
Investment in Capital Goods and Material Commitment Related to Investment
in Capital Goods
Ikatan Material terkait Investasi Barang Modal Material Commitment related to Investment in
dan Tujuannya Capital Goods and the Objectives
Jumlah pengeluaran barang modal pada 2025 Total capital expenditures in 2025 amounted to Rp13.0
adalah sebesar Rp13,0 miliar, terdiri atas billion, consisted of Rp4.8 billion for furniture and office
Rp4,8 miliar untuk perabot dan peralatan kantor, Rp1,6 equipment, Rp1.6 billion for leasehold improvement
miliar untuk renovasi gedung sewa (dengan Rp0,8 (with Rp0.8 billion still in the form of advances for
miliar masih dalam bentuk uang muka perolehan aset procurement of fixed assets), and Rp6.3 billion for
tetap), dan Rp6,3 miliar untuk perolehan perangkat acquisition of computer and online trading software
lunak komputer dan online trading (dengan Rp1,1 miliar (with Rp1.1 billion still in the form of advances for
masih dalam bentuk uang muka perolehan perangkat procurement of computer and online trading software).
lunak komputer dan online trading).
Pembelian perabot dan peralatan kantor, serta The purchase of furniture and office equipment, as
perangkat lunak komputer ditujukan untuk well as computer software was intended to improve
meningkatkan produktivitas kerja karyawan. employee productivity. Meanwhile, procurement of
Sedangkan, pengadaan perangkat lunak online trading online trading software was intended to support the
ditujukan untuk mendukung layanan Perseroan bagi Company’s services for retail customers..
nasabah ritel.
Sumber Dana untuk Memenuhi Ikatan Material Source of Funds to Meet the Material
untuk Investasi Barang Modal, dan Mata Uang Commitment for Investment Capital Goods,
yang Menjadi Denominasi and the Currency
Sumber dana yang digunakan adalah modal sendiri dan The sources of funds used are equity and loans in 125
pinjaman dalam Rupiah. Rupiahs.
Langkah yang Direncanakan Perseroan untuk Planned Measures by the Company to Protect
Melindungi Risiko Posisi Mata Uang Asing Foreign Currency Risk
Semua transaksi dilakukan dalam Rupiah sehingga tidak All transactions were conducted in Rupiah; therefore,
terdapat risiko mata uang asing. there was no foreign currency risk.
2025 Annual Report
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Page 126
04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Perbandingan Target dan Realisasi Kinerja
Comparison of Target and Actual Performance
Perseroan menutup tahun buku 2025 dengan realisasi The Company closed the 2025 financial year with
kinerja yang melampaui target yang telah ditetapkan performance that exceeded the targets set at the
pada awal periode pelaporan. Evaluasi atas pencapaian beginning of the reporting period. The evaluation
tersebut dilakukan sebagai bagian dari analisis of these achievements is conducted as part of
manajemen untuk menilai efektivitas strategi bisnis, management’s analysis to assess the effectiveness
kualitas eksekusi, serta respons Perseroan terhadap of business strategies, execution quality, and the
dinamika pasar modal sepanjang tahun. Company’s responsiveness to capital market dynamics
throughout the year.
Ringkasan perbandingan antara target dan realisasi A summary comparison between the targets and the
kinerja keuangan tahun 2025 adalah sebagai berikut: actual financial performance for 2025 is as follows:
Target Realisasi
Keterangan
Description Rp miliar Rp miliar
%
Rp billion Rp billion
Total Pendapatan Usaha
845,9 1.679,9 198,6
Total Revenues
Total Beban Usaha
526,7 821,1 155,9
Total Operating Expenses
126
Laba Usaha
319,2 858,9 269,1
Income from Operation
Laba Tahun Berjalan
214,7 593,5 276,4
Profit for the Year
Realisasi total pendapatan usaha mencapai 198,6% Total operating revenue reached 198.6% of the target,
dari target, terutama didorong oleh kinerja pendapatan primarily driven by higher-than-projected dividend
dividen dan bunga yang lebih tinggi dari proyeksi, and interest income, as well as increased contributions
serta peningkatan kontribusi dari pendapatan from financial advisory services. Meanwhile, the rise
jasa manajemen investasi. Di sisi lain, kenaikan in transaction volumes across all of the Company’s
aktivitas transaksi di semua lini bisnis Perseroan juga business lines also led to higher operating expenses,
menyebabkan kenaikan biaya operasional tercermin with total operating expenses realized at 155.9% of the
dari realisasi total beban usaha yang mencapai 155,9% target, reflecting the effectiveness of the Company’s
dari target. Kombinasi antara pertumbuhan pendapatan cost efficiency and operational expense management
dan pengendalian beban tersebut menghasilkan laba strategies. The combination of revenue growth and
usaha dan laba tahun berjalan yang masing-masing expense control resulted in operating profit and profit
terealisasi melampaui target yang ditetapkan. for the year, both of which exceeded the targets set for
the period.
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04 MANAGEMENT DISCUSSION & ANALYSIS
Perbandingan Target dan Realisasi Kinerja
Comparison of Target and Actual Performance
127
Struktur Modal Capital Structure
Dalam rangka mendukung peningkatan volume To support increased business volume and maintain
bisnis dan menjaga fleksibilitas pendanaan, Perseroan funding flexibility, the Company issued Trimegah
menerbitkan Obligasi Berkelanjutan I Trimegah Sekuritas Indonesia Shelf Registered Bond I Phase III
Sekuritas Indonesia Tahap III Tahun 2024, Obligasi and Shelf Registered Bond II Phases I, II, and III in 2025,
Berkelanjutan II Trimegah Sekuritas Indonesia Tahap raising total proceeds of around Rp2 trillion. These
I, II, dan III Tahun 2025 dengan total dana terhimpun funds were utilized to support working capital needs,
mencapai Rp2 triliun. Dana tersebut digunakan including margin financing and securities warehousing
untuk mendukung kebutuhan modal kerja, termasuk activities. The capital structure is managed with careful
pembiayaan margin dan aktivitas warehousing consideration of Adjusted Net Working Capital (ANWC)
efek. Struktur permodalan dikelola dengan tetap adequacy and the liability maturity profile to mitigate
memperhatikan kecukupan MKBD serta profil jatuh associated risks.
tempo liabilitas guna memitigasi risiko.
Kebijakan Dividen Dividend Policy
Berdasarkan keputusan Rapat Umum Pemegang Saham Based on the resolution of the General Meeting of
tanggal 26 Juni 2025, Perseroan tidak membagikan Shareholders held on June 26, 2025, the Company
dividen atas laba tahun buku 2024. Kebijakan tersebut did not distribute dividends from the 2024 fiscal year
diambil dengan mempertimbangkan kebutuhan profit. This policy was adopted considering the need to
penguatan struktur permodalan serta dukungan strengthen the capital structure and to support future
terhadap ekspansi bisnis ke depan. business expansion.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Proyeksi Tahun 2026
2026 Projection
Pendapatan Usaha dan Laba Revenue and Profit
International Monetary Fund (IMF) dalam World The International Monetary Fund (IMF), in its World
Economic Outlook Januari 2026 memproyeksikan Economic Outlook of January 2026, projects global
pertumbuhan ekonomi global menjadi 3,3% pada economic growth at 3.3% in 2026, higher than the
tahun 2026, lebih tinggi dari proyeksi di bulan Oktober October 2025 projection. The IMF attributes this
2025. IMF menilai bahwa ketahanan pertumbuhan resilience in global growth to increased technology-
global ini didukung oleh peningkatan investasi berbasis driven investment, particularly in North America
teknologi, terutama di kawasan Amerika Utara dan and Asia, as well as still-accommodative fiscal and
Asia, serta kebijakan fiskal dan moneter yang masih monetary policies and the private sector’s ability to
akomodatif dan kemampuan sektor swasta untuk adapt. On the price front, global inflation is projected to
beradaptasi. Dari sisi harga, inflasi global diproyeksikan gradually decline from 4.1% in 2025 to 3.8% in 2026, in
akan menurun secara bertahap, dari 4,1% pada tahun line with easing price pressures across countries.
2025 menjadi 3,8% pada tahun 2026, seiring dengan
meredanya tekanan harga di berbagai negara.
Seiring dengan perbaikan prospek pertumbuhan In line with improving global economic prospects,
ekonomi global, IMF merevisi naik proyeksi pertumbuhan the IMF revised upward its projection for Indonesia’s
ekonomi Indonesia pada tahun 2026 menjadi 5,1% dari economic growth in 2026 to 5.1% from approximately
sebelumnya sekitar 4,9%, didorong oleh pelonggaran 4.9% previously, driven by global tariff easing that is
tarif global yang berpotensi meningkatkan ekspor non- expected to boost non-commodity exports and foreign
komoditas dan arus investasi asing. Sejalan dengan hal investment inflows. Similarly, the World Bank projects
tersebut, Bank Dunia memproyeksikan perekonomian that Indonesia’s economy will remain resilient, with
128 Indonesia tetap resilien dengan pertumbuhan ekonomi growth in the range of 5.0% during 2025–2026 and
berada di kisaran 5,0% pada periode 2025–2026 dan increasing to 5.2% in 2027, supported by solid domestic
meningkat menjadi 5,2% pada 2027, ditopang oleh consumption and rising investment. Investment
konsumsi domestik yang tetap solid serta peningkatan growth is expected to strengthen amid increased
investasi. Pertumbuhan investasi diperkirakan akan government investment through Danantara, monetary
menguat seiring peningkatan investasi pemerintah policy easing, and foreign direct investment inflows
melalui Danantara, pelonggaran kebijakan moneter, driven by downstreaming initiatives and structural
serta masuknya Penanaman Modal Asing melalui agenda reforms. However, net exports are expected to weaken,
hilirisasi dan reformasi struktural, meskipun kontribusi potentially leading to a moderate widening of the
ekspor neto diperkirakan melemah dan berpotensi current account deficit. Despite these projections, the
mendorong pelebaran defisit transaksi berjalan secara figures remain below the Indonesian government’s
moderat. Meskipun begitu, angka proyeksi ini masih di target.
bawah target pemerintah Indonesia.
Perekonomian Indonesia sepanjang tahun 2025 Indonesia’s economy in 2025 recorded growth of
mencatat pertumbuhan sebesar 5,11% (c-to-c), lebih 5.11% (c-to-c), higher than the previous year, reflecting
tinggi dari tahun sebelumnya, mencerminkan ketahanan national economic resilience amid global uncertainty.
ekonomi nasional di tengah dinamika ketidakpastian In nominal terms, Gross Domestic Product (GDP) at
global. Secara nominal, Produk Domestik Bruto (PDB) current prices reached Rp23,821.1 trillion, with GDP per
atas dasar harga berlaku mencapai Rp23.821,1 triliun, capita of Rp83.7 million or equivalent to USD5,083.4,
dengan PDB per kapita sebesar Rp83,7 juta atau setara indicating sustained domestic purchasing power
USD5.083,4, yang menunjukkan daya beli dan aktivitas and economic activity. In line with IMF and World
ekonomi domestik yang tetap solid. Sejalan dengan Bank projections and supported by 2025 economic
proyeksi pertumbuhan ekonomi Indonesia yang dirilis performance, the Government remains confident that
oleh Bank Dunia dan IMF, dan dengan kinerja ekonomi economic growth in 2026 can reach 5.4%.
2025, Pemerintah meyakini pertumbuhan ekonomi
pada tahun 2026 dapat mencapai 5,4%.
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04 MANAGEMENT DISCUSSION & ANALYSIS
Proyeksi Tahun 2026
2026 Projection
Dari sisi moneter, kebijakan Bank Indonesia (BI) On the monetary side, Bank Indonesia’s (BI) policy in
pada tahun 2026 diperkirakan tetap diarahkan 2026 is expected to remain focused on maintaining
untuk menjaga stabilitas makroekonomi sekaligus macroeconomic stability while supporting sustainable
mendukung pertumbuhan ekonomi yang berkelanjutan. economic growth. BI maintained its policy interest
BI mempertahankan suku bunga kebijakan pada level rate at 4.75% through January 2026 as a measure to
4,75% hingga Januari 2026 sebagai langkah menjaga safeguard Rupiah stability amid global uncertainty,
stabilitas nilai tukar Rupiah di tengah ketidakpastian while strengthening monetary policy transmission and
global, sembari memperkuat transmisi pelonggaran macroprudential easing. Going forward, BI will continue
kebijakan moneter dan makroprudensial. Ke depan, BI to assess room for interest rate reductions in line with
akan terus mencermati ruang penurunan suku bunga the 2026–2027 inflation outlook, which is expected to
sejalan dengan perkiraan inflasi 2026–2027 yang tetap remain within the target range of 2.5%±1%. Exchange
terkendali dalam sasaran 2,5±1%. Upaya stabilisasi rate stabilization efforts will also be reinforced through
nilai tukar juga diperkuat melalui intervensi terukur di measured foreign exchange interventions, management
pasar valas, pengelolaan instrumen moneter dan swap of monetary instruments and FX swaps, and pro-
valas, serta penguatan operasi moneter pro-market market monetary operations to support lower interest
guna mendorong penurunan suku bunga dan ekspansi rates and liquidity expansion. Coordination between
likuiditas. Sinergi kebijakan moneter dan fiskal turut monetary and fiscal policy is further strengthened
diperkuat melalui pembelian Surat Berharga Negara through secondary market purchases of Government
(SBN) di pasar sekunder serta pendalaman pasar Securities (SBN) and deepening of money and foreign
uang dan pasar valuta asing, yang diharapkan dapat exchange markets, which are expected to enhance
meningkatkan efektivitas transmisi kebijakan, menjaga policy transmission effectiveness, maintain capital
daya tarik aliran modal, dan mendukung pembiayaan flow attractiveness, and support real sector financing
sektor riil sepanjang tahun 2026. throughout 2026. 129
Hal ini diterjemahkan Perseroan dalam proyeksi This outlook is reflected in the Company’s projected
pertumbuhan pendapatan usaha dan laba bersih tahun positive growth in operating revenue and net profit
2026 yang positif. Perseroan akan berfokus pada for 2026. The Company will focus on increasing retail
peningkatan volume transaksi ritel, salah satunya transaction volume, particularly by expanding and
dengan fokus meningkatkan jumlah dan aktivasi activating retail clients using Trima+ for investments
nasabah ritel pengguna Trima+ baik dalam berinvestasi in equities, mutual funds, and bonds. In addition,
di saham, reksa dana maupun obligasi. Selain itu, the Company will optimize operating expenses and
Perseroan akan mengelola beban usaha secara optimal capitalize on various business opportunities throughout
dan memanfaatkan berbagai peluang di sepanjang 2026.
tahun 2026.
Struktur Modal Capital Structure
Pada awal tahun 2026, Perseroan telah melakukan At the beginning of 2026, the Company conducted
Penawaran Umum Berkelanjutan (“PUB”) Obligasi II the Continuous Public Offering (“PUB”) of Bonds II
Tahap IV sebesar Rp250.000.000.000,- yang akan Phase IV amounting to Rp250,000,000,000,- which
digunakan untuk penambahan modal kerja. Selain will be used to support working capital. In addition, if
itu jika diperlukan Perseroan akan melakukan PUB required, the Company may conduct the Continuous
Obligasi III sebesar-besarnya Rp3.000.000.000.000,- Public Offering of Bonds III with a maximum target of
yang penerbitannya akan ditentukan sesuai dengan Rp3,000,000,000,000,- with the issuance to be carried
kebutuhan Perseroan dan kondisi pasar. out in accordance with the Company’s needs and
prevailing market conditions.
Kebijakan Dividen Dividend Policy
Penetapan dividen akan diputuskan melalui Rapat Dividend distribution will be determined through the
Umum Pemegang Saham pada semester I tahun 2026 Annual General Meeting of Shareholders in the first
dengan mempertimbangkan kinerja keuangan dan semester of 2026, taking into account the Company’s
kebutuhan modal Perseroan. financial performance and capital requirements.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Perubahan Kebijakan Akuntansi
Changes in Accounting Policy
Pada tanggal 1 Januari 2025, terdapat standar baru dan On January 1, 2025, there were new standards and
penyesuaian amandemen terhadap beberapa standar adjustments or amendments for several prevailing
yang masih berlaku dan berlaku efektif sejak tanggal standards and effective since that date, as follows:
tersebut, yaitu sebagai berikut:
i PSAK 221: Pengaruh Perubahan Kurs Valuta i SFAS 221: Effects of Changes in Foreign
Asing PSAK 221: Pengaruh Perubahan Kurs Exchange Rates.
Valuta Asing
ii PSAK 109: Instrumen Keuangan dan PSAK 107 ii SFAS 109: Financial Instruments and SFAS
Instrumen Keuangan: Pengungkapan tentang 107 Financial Instruments: Disclosures about
Klasifikasi dan Pengukuran Instrumen Keuangan Classification and Measurement of Financial
Instruments
Implementasi dari standar-standar tersebut, tidak The implementation of the above standards did not
menghasilkan perubahan substansial terhadap result in substantial changes to the Company and its
kebijakan akuntansi Perseroan dan entitas anaknya. subsidiaries accounting policies.
130
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04 MANAGEMENT DISCUSSION & ANALYSIS
Perubahan Peraturan Perundang-undangan
Changes in Rules and Regulations
Sepanjang tahun 2025, terdapat penerbitan peraturan Throughout 2025, several new regulations were issued,
baru serta perubahan terhadap peraturan yang berlaku along with amendments to existing regulations in the
di bidang pasar modal. Berikut ini beberapa ketentuan capital market sector. The following provisions had
yang memiliki dampak signifikan terhadap kegiatan dan a significant impact on the Company’s activities and
kinerja Perseroan: performance.
Peraturan Baru dan Dampaknya bagi Perseroan
New Regulations and the Impact on the Company
Peraturan Pokok Peraturan Dampak bagi Perseroan
Regulation Regulatory Highlights Impact on the Company
Peraturan OJK No. 6 Tahun 2025 tanggal Peraturan ini diterbitkan sebagai integrasi Adanya integrasi pengaturan pelaporan terkait
27 Maret 2025 tentang Laporan Agen pengaturan kewajiban pelaporan Agen Penjual dengan kegiatan Agen Penjual Efek Reksa Dana.
Penjual Efek Reksa Dana Efek Reksa Dana seiring dengan meningkatnya
kompleksitas dan irisan kelembagaan lintas
sektor dalam industri jasa keuangan.
OJK Regulation No. 6 of 2025 dated 27 This regulation was issued to integrate the Integration of reporting requirements related to
March 2025 regarding Reports of Mutual regulatory framework governing the reporting the activities of Mutual Fund Securities Selling
Fund Securities Selling Agents obligations of Mutual Fund Securities Selling Agents.
Agents, in response to the increasing complexity
and cross-sectoral institutional overlap within
the financial services industry.
Peraturan OJK No. 13 Tahun 2025 tanggal Peraturan ini diterbitkan untuk menetapkan Adanya penyesuaian yang cukup signifikan bagi
11 Juni 2025 tentang Pengendalian standar pengendalian internal khususnya Perusahaan, antara lain: 131
Internal dan Perilaku Perusahaan Efek ketentuan uji tuntas oleh PEE terhadap emiten 1. Penyesuaian kebijakan internal, SOP,
yang Melakukan Kegiatan Usaha Sebagai dan ketentuan mengenai perilaku PEE. Adapun dan uraian tugas fungsi terkait kegiatan
Penjamin Emisi Efek dan Perantara untuk kegiatan PPE adalah penyempurnaan Penjamin Emisi Efek dan Perantara
Pedagang Efek penerapan tata kelola dan manajemen risiko Pedagang Efek;
dan pengaturan tentang pegiat media sosial. 2. Penguatan penerapan pengendalian
internal dan manajemen risiko;
3. Pemenuhan kewajiban sertifikasi atau
izin profesi bagi fungsi tertentu sesuai
ketentuan POJK;
4. Pengaturan dan pengawasan terhadap
penggunaan teknologi informasi dan media
digital, termasuk aktivitas yang melibatkan
pegiat media sosial.
OJK Regulation No. 13 of 2025 dated 11 This regulation was issued to establish The Regulation results in several significant
June 2025 regarding Internal Control and internal control standards, particularly adjustments for the Company, including:
Conduct of Securities Companies Engaged provisions regarding due diligence conducted 1. Adjustments to internal policies, Standard
in Activities as Underwriters and Securities by Underwriters (PEE) on issuers, as well Operating Procedures (SOPs), and the
Brokerage Firms as provisions concerning the conduct of roles and responsibilities of functions
Underwriters. For Securities Brokers (PPE), related to the activities of Underwriters
the regulation introduces enhancements to and Securities Brokers;
the implementation of governance and risk 2. Strengthening the implementation of
management, as well as provisions regarding internal controls and risk management;
social media activities. 3. Fulfillment of certification or professional
licensing requirements for certain functions
in accordance with the provisions of the
relevant OJK Regulation (POJK);
4. Regulation and supervision of the use of
information technology and digital media,
including activities involving social media
influencers.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Perubahan Peraturan Perundang-undangan
Changes in Rules and Regulations
Peraturan Pokok Peraturan Dampak bagi Perseroan
Regulation Regulatory Highlights Impact on the Company
Surat Edaran OJK No. 5/SEOJK.04/2025 Surat Edaran Otoritas Jasa Keuangan ini Adanya integrasi pengaturan pelaporan terkait
tanggal 9 Mei 2025 tentang Pedoman diterbitkan untuk memberikan pedoman teknis dengan kegiatan Agen Penjual Efek Reksa Dana.
Pelaporan Agen Penjual Efek Reksa Dana pelaksanaan kewajiban pelaporan bagi Agen
dan Bank Umum sebagai Kustodian Penjual Efek Reksa Dana (APERD) dan Bank
Umum sebagai Kustodian, sebagai tindak lanjut
atas ketentuan pelaporan yang telah diatur
dalam POJK Nomor 6 Tahun 2025 dan POJK
Nomor 7 Tahun 2025.
OJK Circular Letter No. 5/SEOJK.04/2025 This Circular Letter of the Financial Services The integration of reporting regulations related
dated 9 May 2025 regarding Guidelines Authority is issued to provide technical guidance to the activities of Mutual Funds Selling Agents.
on Reporting by Mutual Funds Selling on the implementation of reporting obligations
Agents and Commercial Banks Acting as for Mutual Funds Selling Agents (APERD) and
Custodians Commercial Banks acting as Custodians, as a
follow-up to the reporting provisions stipulated
under OJK Regulation No. 6 of 2025 and OJK
Regulation No. 7 of 2025.
Surat Edaran OJK No. 10/SEOJK.04/2025 Surat Edaran ini mengatur jangka waktu Berdampak pada kewajiban pelaporan
tanggal 5 Juni 2025 tentang Penyampaian pemenuhan kewajiban penyampaian laporan kepemilikan atau setiap perubahan kepemilikan
Laporan Kepemilikan atau Setiap kepemilikan atau setiap perubahan kepemilikan saham dan laporan aktivitas menjaminkan
Perubahan Kepemilikan Saham saham dan laporan aktivitas menjaminkan saham Perusahaan Terbuka.
Perusahaan Terbuka dan Laporan Aktivitas saham Perusahaan Terbuka.
Menjaminkan Saham Perusahaan Terbuka
Secara Elektronik
OJK Circular Letter No. 10/SEOJK.04/2025 This Circular Letter regulates the timeframes This Circular Letter impacts the reporting
132 dated 5 June 2025 regarding the Electronic for the fulfillment of obligations to submit obligations concerning share ownership or any
Submission of Reports on Ownership or reports on share ownership or any changes in changes in share ownership, as well as share
Any Change in Ownership of Shares of share ownership, as well as reports on share pledging activities of Public Companies.
Public Companies and the Reporting of pledging activities of Public Companies.
Pledging Activities of Public Company
Shares
Surat Edaran OJK No. 25/SEOJK.04/2025 Surat Edaran ini diterbitkan untuk Adanya penguatan kewajiban verifikasi pesanan
tanggal 17 November 2025 tentang menggantikan SEOJK No. 15/SEOJK.04/2020 dan ketersediaan dana investor dalam proses
Verifikasi Pesanan dan Dana, Alokasi tentang Penyediaan Dana Pesanan, Verifikasi penawaran umum melalui sistem e-IPO,
Penjatahan dan Penyelesaian Pemesanan Ketersediaan Dana, Alokasi Efek untuk khususnya untuk pemodal penjatahan pasti
Efek dalam Penawaran Umum Saham Penjatahan Terpusat, dan Penyelesaian (fixed allotment), serta penyesuaian mekanisme
Secara Elektronik Pemesanan Efek dalam Penawaran Umum penjatahan pada pemodal penjatahan terpusat.
Efek Bersifat Ekuitas Berupa Saham Secara
Elektronik.
OJK Circular Letter No. 25/SEOJK.04/2025 This Circular Letter is issued to replace SEOJK The strengthening of obligations to verify
dated 17 November 2025 regarding No. 15/SEOJK.04/2020 concerning the investor orders and the availability of investor
the Verification of Orders and Funds, Provision of Order Funds, Verification of Fund funds in the public offering process through
Allotment Allocation, and Settlement of Availability, Securities Allocation for Centralized the e-IPO system, particularly for investors
Securities Orders in the Electronic Public Allotment, and Settlement of Securities Orders under the fixed allotment scheme, as well
Offering of Shares in the Electronic Public Offering of Equity as adjustments to the allocation mechanism
Securities in the Form of Shares. for investors under the centralized allotment
scheme.
Surat Keputusan Direksi KSEI No. KEP- Surat Keputusan ini mengatur penetapan dan Sebagai panduan atas penggunaan rekening
0040/DIR/KSEI/1125 tentang Penetapan penggunaan Rekening Titipan pada C-BEST titipan pada C-BEST salah satunya sebagai
Penggunaan Rekening Titipan di KSEI sebagai mekanisme penyimpanan, administrasi, pelaksanaan Peraturan OJK No. 9 Tahun 2025.
dan pemindahbukuan Efek di luar Penitipan
Kolektif, termasuk kewajiban, tanggung jawab,
dan tata cara pelaksanaannya.
Decree of the Board of Directors of KSEI This Decree regulates the establishment and As a guideline for the use of Custodian Accounts
No. KEP-0040/DIR/KSEI/1125 on the use of Custodian Accounts in C-BEST as a in C-BEST, among others, in the implementation
Establishment of the Use of Custodian mechanism for the safekeeping, administration, of OJK Regulation No. 9 of 2025.
Accounts at KSEI and transfer of Securities outside the
Collective Custody system, including the
applicable obligations, responsibilities, and
implementation procedures.
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04 MANAGEMENT DISCUSSION & ANALYSIS
Perubahan Peraturan Perundang-undangan
Changes in Rules and Regulations
Peraturan Pokok Peraturan Dampak bagi Perseroan
Regulation Regulatory Highlights Impact on the Company
Surat Keputusan Direksi PT Kustodian Surat Keputusan ini menetapkan ketentuan Berdampak pada kewajiban pelaporan Transaksi
Sentral Efek Indonesia No. KEP-0039/DIR/ Perubahan Peraturan KSEI Nomor V-G Repo yang merujuk pada Surat Keputusan
KSEI/1125 tentang Perubahan Peraturan PT tentang Pelaporan dan Penyelesaian Transaksi Direksi KSEI terkait.
Kustodian Sentral Efek Indonesia Nomor Repurchase Agreement.
V-G Tentang Pelaporan Dan Penyelesaian
Transaksi Repurchase Agreement
Decree of the Board of Directors of PT This Decree stipulates amendments to KSEI This Regulation impacts the reporting
Kustodian Sentral Efek Indonesia No. Regulation Number V-G concerning the obligations for Repo Transactions, which refer
KEP-0039/DIR/KSEI/1125 concerning Reporting and Settlement of Repurchase to the relevant Decree of the Board of Directors
Amendments to PT Kustodian Sentral Efek Agreement Transactions. of KSEI.
Indonesia Regulation Number V-G on the
Reporting and Settlement of Repurchase
Agreement Transactions
Surat Keputusan Direksi PT Kustodian Surat Keputusan ini mengatur pemberlakuan Berdampak pada tata cara dan mekanisme
Sentral Efek Indonesia No. KEP-0042/ dan tata cara penggunaan AKSes sebagai sarana dalam pelaporan kepemilikan atau setiap
DIR/KSEI/1225 tentang Pemberlakuan pelaporan elektronik atas kepemilikan saham, perubahan kepemilikan saham dan laporan
Penggunaan AKSes Sebagai Sarana perubahan kepemilikan saham, dan aktivitas aktivitas menjaminkan saham Perusahaan
Penyampaian Laporan Kepemilikan atau penjaminan saham perusahaan terbuka. Terbuka melalui website KSEI AKSes.
Setiap Perubahan Kepemilikan Saham dan
Laporan Aktivitas Menjaminkan Saham
Perusahaan Terbuka Secara Elektronik
Board of Directors Decree of PT Kustodian This Decree governs the implementation and This Decree impacts the procedures and
Sentral Efek Indonesia No. KEP-0042/DIR/ procedures for the use of AKSes as an electronic mechanisms for reporting share ownership or
KSEI/1225 concerning the Implementation reporting platform for share ownership, any changes in share ownership, as well as share
of the Use of AKSes as an Electronic changes in share ownership, and share pledging pledging activities of Public Companies through 133
Platform for the Submission of Reports on activities of public companies. the KSEI AKSes website.
Share Ownership or Any Changes in Share
Ownership and Reports on Share Pledging
Activities of Public Companies
Surat Keputusan Direksi PT Kustodian Surat Keputusan ini mengatur pemberlakuan Berdampak pada penggunaan sistem eASY KSEI
Sentral Efek Indonesia No. KEP-0046/ dan penggunaan eASY.KSEI sebagai sarana dalam penyelenggaraan RUPS Perseroan.
DIR/KSEI/1225 tentang Pemberlakuan elektronik untuk penyelenggaraan RUPO dan
Penggunaan Electronic General Meeting RUPSu bagi penerbit efek obligasi dan/atau
System KSEI (eASY.KSEI) Sebagai Sarana sukuk.
Penyelenggaraan Rapat Umum Pemegang
Obligasi dan Rapat Umum Pemegang
Sukuk Secara Elektronik
Decree of the Board of Directors of This Decree regulates the use of eASY.KSEI as This Decree impacts the use of the KSEI eASY
PT Kustodian Sentral Efek Indonesia an electronic platform for the convening and system in the convening of the Company’s
No. KEP-0046/DIR/KSEI/12-25 on the conduct of Bondholders’ Meetings (RUPO) and General Meeting of Shareholders.
Implementation of the Use of the KSEI Sukukholders’ Meetings (RUPSu) by issuers of
Electronic General Meeting System (eASY. bonds and/or sukuk.
KSEI) as a Platform for the Electronic
Convening of Bondholders’ Meetings and
Sukukholders’ Meetings
Surat Keputusan Direksi PT Kliring Surat Keputusan ini diterbitkan sebagai tindak Pemberian nilai keringanan atas biaya
Penjaminan Efek Indonesia Nomor KEP- lanjut atas Surat Keputusan Direksi KPEI No. penggunaan fasilitas triparty repo dengan
027/DIR/KPEI/0325 tentang Kebijakan Kep-088/DIR/KPEI/1224 perihal Kebijakan besaran keringanan biaya sesuai dengan
Keringanan Biaya Penggunaan Fasilitas Pemberlakuan Biaya Penggunaan Fasilitas ketentuan pada peraturan KPEI ini.
Triparty Repo Triparty Repo, yang dinyatakan sudah tidak
berlaku.
Decree of the Board of Directors of PT This Decree is issued as a follow-up to the The provision of a fee discount for the use of
Kliring Penjaminan Efek Indonesia Number Decree of the Board of Directors of KPEI No. the Triparty Repo Facility, with the amount of
KEP- 027/DIR/KPEI/0325 concerning the Kep-088/DIR/KPEI/1224 concerning the Policy the discount determined in accordance with the
Policy on Fee Reductions for the Use of the on the Imposition of Fees for the Use of the provisions set out in this KPEI regulation.
Triparty Repo Facility Triparty Repo Facility, which has been declared
no longer in effect.
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Perubahan Peraturan Perundang-undangan
Changes in Rules and Regulations
Peraturan Pokok Peraturan Dampak bagi Perseroan
Regulation Regulatory Highlights Impact on the Company
Surat Keputusan Direksi PT Kliring Peraturan ini mengatur penyelenggaraan Adanya penyesuaian dalam mekanisme
Penjaminan Efek Indonesia Nomor Kep- Fasilitas Triparty Repo oleh KPEI, mencakup transaksi dan perhitungan biaya.
034/DIR/KPEI/0425 tentang Peraturan definisi transaksi, hak dan kewajiban partisipan,
KPEI Nomor X-2 tentang Fasilitas Triparty mekanisme penyelesaian dan penyesuaian
Repo transaksi, manajemen marjin, penggantian
efek, penanganan kegagalan, biaya fasilitas, dan
tata cara pengakhiran transaksi.
Decree of the Board of Directors of PT This Regulation governs the administration Adjustments to the transaction mechanisms
Kliring Penjaminan Efek Indonesia Number of the Triparty Repo Facility by KPEI, and fee calculation methodology.
KEP-034/DIR/KPEI/0425 concerning KPEI covering transaction definitions, the rights
Regulation Number X-2 on the Triparty and obligations of participants, transaction
Repo Facility settlement and adjustment mechanisms,
margin management, securities substitution,
failure handling, facility fees, and procedures
for the termination of transactions.
Perubahan Peraturan dan Dampaknya bagi Perseroan
Regulatory Changes and Their Impact on the Company
Peraturan Pokok Peraturan Dampak bagi Perseroan
Regulation Regulatory Highlights Impact on the Company
Peraturan Otoritas Jasa Keuangan Perubahan atas Peraturan Otoritas Jasa Keuangan Peraturan ini menjadi pedoman baru
134 Nomor 14 Tahun 2025 tentang Nomor 16 Tahun 2020 tentang Pelaksanaan Rapat Perseroan dalam mempersiapkan
Pelaksanaan Rapat Umum Pemegang Umum Pemegang Saham secara Elektronik, peraturan Rapat Umum Pemegang Saham secara
Saham, Rapat Umum Pemegang ini juga diterbitkan sebagai tindak lanjut amanat UU elektronik.
Obligasi, dan Rapat Umum Pemegang P2SK untuk memberikan landasan hukum dan pedoman
Sukuk Secara Elektronik OJK dalam pemanfaatan teknologi informasi dalam
penyelenggaraan RUPO dan RUPSu secara elektronik,
serta mengkodifikasikan seluruh ketentuan terkait rapat
umum pemegang saham, obligasi, dan sukuk dalam satu
regulasi terpadu.
OJK Regulation No. 14 of 2025 This regulation amends Financial Services Authority This regulation serves as a new
regarding the Implementation of Regulation No. 16 of 2020 on the Electronic guideline for the Company in preparing
General Meetings of Shareholders, Implementation of General Meetings of Shareholders. It the electronic General Meeting of
General Meetings of Bondholders, and is also issued as a follow-up to the mandate of the P2SK Shareholders.
General Meetings of Sukuk Holders Law to provide a legal basis and OJK guidelines for the
Electronically utilization of information technology in the electronic
convening of Bondholders’ Meetings (RUPO) and
Sukukholders’ Meetings (RUPSu), as well as to codify all
provisions related to general meetings of shareholders,
bondholders, and sukuk holders into a single integrated
regulation.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Perubahan Peraturan Perundang-undangan
Changes in Rules and Regulations
Peraturan Pokok Peraturan Dampak bagi Perseroan
Regulation Regulatory Highlights Impact on the Company
Peraturan Otoritas Jasa Keuangan Perubahan atas Peraturan Otoritas Jasa Keuangan Nomor Peraturan ini menjadi pedoman baru
Nomor 40 Tahun 2025 tentang 30/POJK.04/2015 tentang Lapaoran Realisasi Penggunaan Perseroan dalam melakukan pelaporan
Penggunaan Dana Hasil Penawaran Dana Hasil Penawaran Umum. realisasi penggunaan dana hasil
Umum penawaran umum.
Financial Services Authority Regulation This regulation amends Financial Services Authority This regulation serves as a new guideline
No. 40 of 2025 on the Use of Proceeds Regulation No. 30/POJK.04/2015 on the Report on the for the Company in reporting the
from Public Offerings Realization of the Use of Proceeds from Public Offerings. realization of the use of proceeds from
public offerings.
Surat Keputusan Direksi Bursa Efek Surat Keputusan ini mengatur pelaksanaan Penempatan Tidak memiliki dampak langsung ke
Indonesia No. I-X Kep-00035/BEI/06- Pencatatan Efek Bersifat Ekuitas pada Papan Pemantauan Perusahaan.
2025 tentang Peraturan Nomor I-X Khusus, mencakup dividen tunai (termasuk interim),
tentang Penempatan Pencatatan prosedur keluar, pengecualian Suspensi Efek, masa
Efek Bersifat Ekuitas Pada Papan transisi Free Float, serta penggantian Keputusan Direksi
Pemantauan Khusus sebelumnya.
Decree of the Board of Directors of This Decree regulates the placement of the listing of equity This regulation does not have a direct
the Indonesia Stock Exchange No. I-X securities on the Special Monitoring Board, including impact on the Company.
Kep-00035/BEI/06-2025 concerning provisions on cash dividends (including interim dividends),
Regulation No. I-X on the Placement of exit procedures, exemptions from securities suspension,
Equity Securities Listing on the Special the transition period for free float requirements, and the
Monitoring Board. revocation of the previous Board of Directors Decree.
Surat Keputusan Direksi Bursa Efek Perubahan atas Surat Keputusan Direksi Bursa Efek Perseroan wajib menyampaikan
Indonesia No. I-E Kep-00087/BEI/12- Indonesia Nomor: Kep-00066/BEI/09-2022 tanggal 30 laporan kepemilikan saham atau
2025 tentang Peraturan Nomor I-E September 2022 perihal Perubahan Peraturan Nomor I-E setiap perubahan kepemilikan saham
tentang Kewajiban Penyampaian tentang Kewajiban Penyampaian Informasi. Perusahaan Terbuka sesuai dengan 135
Informasi mekanisme dan tenggat waktu dalam
peraturan ini.
Decree of the Board of Directors of This Decree amends the Decree of the Board of Directors The Company is required to submit
the Indonesia Stock Exchange No. I-E of the Indonesia Stock Exchange No. Kep-00066/BEI/09- reports on share ownership and any
Kep-00087/BEI/12-2025 concerning 2022 dated September 30, 2022 concerning amendments changes in share ownership of Public
Regulation Number I-E on the to Regulation No. I-E on the Obligation to Submit Companies in accordance with the
Obligation to Submit Information Information. mechanisms and timelines stipulated
under this regulation.
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Kebijakan Pembayaran Dividen
Dividend Payment Policy
Kebijakan pembagian dividen Perseroan telah diatur The Company’s dividend distribution policy is regulated
dalam Anggaran Dasar Perseroan Pasal 23 tentang in the Company’s Articles of Association Article 23
Penggunaan Laba dan Pembagian Dividen. Sesuai concerning the Use of Profits and Distribution of
dengan Pasal tersebut, dividen hanya dibayarkan Dividends. According to this Article, dividends are
sesuai dengan kemampuan keuangan Perseroan dan only paid in accordance with the Company’s financial
ditetapkan berdasarkan keputusan Rapat Umum capacity and determined based on a GMS resolution,
Pemegang Saham (“RUPS”), yang di dalamnya which must also determine the time and method of
juga harus ditentukan waktu dan cara pembayaran dividend payment. In the event that the Annual GMS
dividen. Dalam hal RUPS Tahunan tidak menentukan does not determine other uses, the net profit after
penggunaan lain, laba bersih setelah dikurangi dengan deducted by the reserves required by the Company
cadangan yang diwajibkan oleh UUPT dan Anggaran Law and the Articles of Association can be distributed
Dasar dapat dibagi sebagai dividen. as dividends.
Dalam hal terdapat keputusan RUPS terkait In the event that there is a resolution of GMS related to
dengan pembagian dividen tunai, Perseroan wajib distribution of cash dividends, the Company must pay
melaksanakan pembayaran dividen tunai kepada cash dividend to the shareholders who are entitled no
pemegang saham yang berhak paling lambat 30 hari later than 30 days after the announcement of summary
setelah diumumkannya ringkasan risalah RUPS yang of minutes of the GMS that approves the distribution of
menyetujui pembagian dividen tunai. cash dividends.
Dividen yang tidak diambil setelah 5 tahun sejak Dividends that are not collected/claimed after 5
tanggal ditetapkan untuk pembayaran dividen lampau, years since the stipulated date for payment of the
dimasukkan ke dalam cadangan khusus. RUPS mengatur dividends will be placed in a special reserve. The GMS
136
tata cara pengambilan dividen yang telah dimasukkan shall determine the procedures for collection of the
ke dalam cadangan khusus tersebut. Dividen yang telah dividends that have been placed in the special reserve.
dimasukkan dalam cadangan khusus sebagaimana Dividends that have been placed into the special reserve
tersebut di atas, dan tidak diambil dalam jangka waktu as mentioned above, and are not collected/claimed
10 tahun akan menjadi hak Perseroan. within a period of 10 years will become the right of the
Company.
Berdasarkan RUPS Tahunan tanggal 26 Juni 2025 Based on the Annual General Meeting of Shareholders
dan RUPS Tahunan 26 Juni 2024, Perseroan tidak on June 26, 2025, and the the Annual General Meeting
membagikan dividen kepada Pemegang Saham karena of Shareholders on June 26, 2024, the Company did
Perseroan bermaksud untuk memperkuat struktur not distribute any dividend to the Shareholders as
permodalan Perseroan, sebagaimana tercantum dalam the Company intended to strengthen the Company’s
Akta Berita Acara Rapat Umum Pemegang Saham capital structure, as stated in the Deed of Minutes of
Tahunan No. 35 Tanggal 26 Juni 2025 dibuat dihadapan Annual General Meeting of Shareholders No. 35 dated
Diharini, S.H., M.Kn., Notaris di Kota Administrasi June 26, 2025 made before Diharini, S.H., M.Kn., Notary
Jakarta Selatan dan Akta Berita Acara Rapat Umum in South Jakarta and the Deed of Minutes of Annual
Pemegang Saham Tahunan No. 218 Tanggal 28 Juni General Meeting of Shareholders No. 218 dated June
2024 dibuat dihadapan Jose Dimas Satria, S.H., M.Kn. 28, 2024 made before Jose Dimas Satria, S.H., M.Kn.
Notaris di Kota Administrasi Jakarta Selatan. Notary in South Jakarta.
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Informasi Material
Material Information
Informasi Material terkait Investasi, Ekspansi, Material Information regarding Investment,
Divestasi, Penggabungan Usaha, Akuisisi, dan/ Expansion, Divestment, Business Merger,
atau Restrukturisasi Utang/Modal Acquisition, and/or Debt/Capital Restructuring
Sepanjang tahun 2025, Perseroan tidak melakukan Throughout 2025, the Company did not undertake
investasi, ekspansi, divestasi, penggabungan usaha, any material investments, expansions, divestments,
akuisisi dan/atau restrukturisasi utang/modal yang business mergers, acquisitions and/or debt/capital
bersifat material. restructuring.
Transaksi Material yang Mengandung Benturan Material Transactions Containing Conflicts
Kepentingan dan/atau Transaksi dengan Pihak of Interest and/or Transactions with Related
Berelasi Parties
Perseroan tidak melakukan transaksi material yang The Company did not undertake any material
mengandung benturan kepentingan sepanjang tahun transactions containing conflict of interest throughout
2025. 2025.
Dalam menjalankan aktivitas bisnisnya, Perseroan In carrying out its business activities, the Company is
terlibat dalam berbagai transaksi dengan pihak berelasi. involved in various transactions with related parties.
Sepanjang tahun 2025, transaksi dengan pihak berelasi Throughout 2025, transactions with related parties
yang dilakukan merupakan transaksi yang merupakan carried out are transactions that are business activities
kegiatan usaha yang dijalankan dalam rangka carried out in order to generate revenue and are carried
menghasilkan pendapatan usaha dan dijalankan secara out routinely, repeatedly and/or continuously.
rutin, berulang dan/atau berkelanjutan.
137
Berikut ini merupakan rincian atas transaksi dengan The following are details of transactions with related
pihak berelasi per tanggal 31 Desember 2025 dan parties as of December 31, 2025 and for the year ended
untuk tahun yang berakhir pada tanggal tersebut: on that date:
Jenis Hubungan dan Unsur Transaksi Pihak Berelasi
Type of Relationship and Related Parties Transactions
Pihak-pihak Berelasi Jenis Hubungan Unsur Transaksi Pihak Berelasi
Related Parties Type of Relationship Nature of Related Party Transactions
Dewan Komisaris, Komite Audit, Direksi,
Liabilitas Imbalan Kerja
Manajer Investasi, dan Kepala Divisi
Employee Benefits Liabilities
Personel Manajemen Kunci The Board of Commissioners, Audit
Key Management Personnel Committee, the Board of Directors,
Beban Tenaga Kerja
Investment Managers, and Head of
Personnel Expenses
Divisions
Piutang Jasa Kegiatan Manajer
Investasi
Investment Manager Fee Receivables
Berbagai Reksa Dana Pengendalian melalui Entitas Anak
Jasa Manajemen Reksa Dana
Various Mutual Funds Control through the Subsidiary
Mutual Funds Management Fee
Jasa Transaksi Reksa Dana
Mutual Funds Transaction Fee
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Informasi Material
Material Information
Nilai untuk tahun yang berakhir pada tanggal 31 Desember 2025 (dalam ribuan Rupiah)
Value for the year ended December 31, 2025 (in thousands of Rupiah)
Aset Assets
Aset keuangan pada nilai wajar melalui laba 128.084.161 Financial assets at fair value through profit
rugi - reksadana or loss - mutual funds
Piutang kegiatan manajer investasi 64.682.255 Receivables from investment manager
activities
Piutang nasabah 68.685.110 Receivables from customers
Piutang karyawan 688.705 Loan to employee
Total 262.140.231 Total
Liabilitas Liabilities
Utang nasabah 9.022.253 Payables to customers
Surat utang jangka panjang 1.111.346.505 Long-term notes payable
Imbalan kerja 2.544.963 Employee benefits
Total 1.122.913.721 Total
Nilai untuk tahun yang berakhir pada tanggal 31 Desember 2025 (dalam ribuan Rupiah)
Value for the year ended December 31, 2025 (in thousands of Rupiah)
138 Jasa Kegiatan Manajer Investasi
Fees from Investment Manager Services
TRAM Fixed Income Plan 95.262.884
TRAM Dana Tetap Syariah 61.834.195
TRIM Dana Tetap 2 54.887.811
TRIM Kas 2 43.415.486
TRIM Kapital Plus 28.169.856
TRAM Saham Nusantara 19.331.655
TRAM Balanced Absolute Strategy 14.205.298
TRIM Kapital 12.271.654
TRIM Kas Syariah 8.072.365
TRAM Terproteksi Lestari 31 6.448.750
Lain-lain (masing-masing di bawah Rp5 miliar)/Others (each below Rp5 billion) 84.585.362
Total 428.485.316
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Informasi Material
Material Information
Komisi Perantara Perdagangan Efek/Brokerage Commissions
TRAM Balanced Absolute Strategy 3.980.231
TRAM Balanced Absolute Strategy Nusantara 2.345.018
TRIM Bhakti Bangsa 1.361.179
TRAM Saham Nusantara 1.104.917
TRIM Kapital Plus 794.861
TRIM Syariah Saham 545.051
Dana Megah Kapital 408.538
TRAM Balanced Absolute Strategy Low Volatility 215.406
TRIM Syariah Berimbang 208.313
TRIM Kombinasi 2 194.408
TRAM Consumption Plus 104.363
Lain-lain (masing-masing di bawah Rp100 juta)/Others (each below Rp100 million) 13.197.822
Total 24.460.107
Penjelasan Mengenai Kewajaran Transaksi dan Explanation Regarding the Fairness of
Pemenuhan Ketentuan Terkait. Transactions and Fulfillment of Related
Provisions.
Transaksi dengan pihak berelasi dilakukan berdasarkan Transactions with related parties are carried out based
ketentuan dan kondisi yang disepakati bersama on mutually agreed terms and conditions as with
sebagaimana dilakukan dengan pihak ketiga (telah third parties (having complied with the arm’s-length
memenuhi arm’s-length principle). principle).
139
Merujuk pada Pasal 8 Peraturan OJK No. 42/ Referring to Article 8 OJK Regulation No. 42/
POJK.04/2020 tentang Transaksi Afiliasi dan Benturan POJK.04/2020 concerning Affiliate Transactions and
Kepentingan, Perseroan tidak wajib memenuhi Conflicts of Interest, the Company is not obliged to
ketentuan sebagaimana dimaksud dalam pasal 4 jika comply with the provisions as referred to in Article 4
melakukan transaksi yang merupakan kegiatan usaha if it carries out transactions that are business activities
yang dijalankan dalam rangka menghasilkan pendapatan carried out to generate revenues and are carried out
usaha dan dijalankan secara rutin, berulang dan/atau routinely, repeatedly and/or continuously. Recording of
berkelanjutan. Pencatatan tentang transaksi dengan transactions with related parties is in accordance with
pihak berelasi telah sesuai dengan PSAK dan ketentuan SFAS and applicable regulations. Details of transactions
yang berlaku. Rincian tentang transaksi dengan pihak with related parties are presented in the Audited Financial
berelasi disajikan dalam Laporan Keuangan yang Diaudit, Statements, Note 35 pages 125-128.
Catatan 35 halaman 125-128.
Pernyataan Direksi dan Peran Dewan Komisaris The Board of Director’s Statement and the Board
dan Komite Audit untuk Memastikan Transaksi of Commissioner and Audit Committee Role to
Dilakukan Sesuai Praktik Bisnis yang Berlaku Ensure Transaction are Carried Out in Accordance
Umum with Generally Accepted Business Practice
Dalam menjalankan rencana transaksi afiliasi tersebut, In carrying out the affiliate transaction plan, the Company
Perseroan memastikan bahwa transaksi dilaksanakan ensures that the transaction is carried out in accordance
sesuai dengan praktik bisnis yang berlaku umum. with generally accepted business practices.
Selain itu, dalam rapat berkala dengan Komite Audit, In addition, in regular meetings with the Audit
Divisi Accounting & Tax melaporkan transaksi-transaksi Committee, the Accounting & Tax Division reports
yang tercatat dalam Laporan Keuangan sehingga Komite transactions recorded in the Financial Report so that
Audit dapat memberikan saran atau rekomendasinya the Audit Committee can provide suggestions or
atas transaksi tersebut. recommendations on these transactions.
Direksi menilai bahwa transaksi yang dilakukan oleh The Board of Directors assesses that the transactions
Perseroan sepanjang tahun 2025 telah memenuhi prinsip carried out by the Company throughout 2025 have
2025 Annual Report
kewajaran dan patuh pada ketentuan yang berlaku. fulfilled the principles of fairness and complied with
applicable regulations.
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Informasi dan Fakta Material yang Terjadi Setelah Laporan Akuntan
Material Information and Facts After the Accounting Report Period
Obligasi Berkelanjutan II Trimegah Sekuritas Trimegah Sekuritas Indonesia Shelf Registration
Indonesia Tahap IV Tahun 2026 Bonds II Phase IV Year 2026
Setelah tanggal Laporan Akuntan, Perseroan Subsequent to the date of the Independent Auditor’s
menerbitkan Obligasi Berkelanjutan II Trimegah Report, the Company issued Trimegah Sekuritas
Sekuritas Indonesia Tahap IV Tahun 2026 dengan nilai Indonesia Shelf Registration Bonds II Phase IV Year
nominal Rp250.000.000.000,- (nilai penuh). 2026 with a nominal value of Rp250,000,000,000,-
(full amount).
140
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04 MANAGEMENT DISCUSSION & ANALYSIS
Realisasi Penggunaan Dana Hasil Penawaran Umum
Realization of the Use of Public Offering Proceeds
Pada tahun 2025, Perseroan telah melakukan In 2025, the Company issued several bonds as follows:
penerbitan beberapa obligasi berikut:
• Obligasi Berkelanjutan I Trimegah Sekuritas • Trimegah Sekuritas Indonesia Shelf-Registered
Indonesia Tahap III Tahun 2025 dengan total dana Bond I Phase III Year 2025, with total proceeds
terhimpun sebesar Rp303.200.000.000,00 (tiga amounting to Rp303,200,000,000 (three hundred
ratus tiga miliar dua ratus juta rupiah). three billion two hundred million rupiah).
• Obligasi Berkelanjutan II Trimegah Sekuritas • Trimegah Sekuritas Indonesia Shelf-Registered
Indonesia Tahap I Tahun 2025 dengan total dana Bond II Phase I Year 2025, with total proceeds
terhimpun sebesar Rp700.000.000.000,00 (tujuh amounting to Rp700,000,000,000 (seven
ratus miliar rupiah). hundred billion rupiah).
• Obligasi Berkelanjutan II Trimegah Sekuritas • Trimegah Sekuritas Indonesia Shelf-Registered
Indonesia Tahap II Tahun 2025 dengan total dana Bond II Phase II Year 2025, with total proceeds
terhimpun sebesar Rp500.000.000.000,00 (lima amounting to Rp500,000,000,000 (five hundred
ratus miliar rupiah). billion rupiah).
• Obligasi Berkelanjutan II Trimegah Sekuritas • Trimegah Sekuritas Indonesia Shelf-Registered
Indonesia Tahap III Tahun 2025 dengan total dana Bond II Phase III Year 2025, with total proceeds
terhimpun sebesar Rp550.000.000.000,00 (lima amounting to Rp550,000,000,000 (five hundred
ratus lima puluh miliar rupiah). fifty billion rupiah).
141
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Informasi dan Fakta Material yang Terjadi Setelah Laporan Akuntan
Material Information and Facts After the Accounting Report Period
Berdasarkan Peraturan OJK No. 30/POJK.04/2015 Based on the OJK Regulation No. 30/POJK.04/2015
tentang Laporan Realisasi Penggunaan Dana Hasil concerning the Report on the Realization of the Use of
Penawaran Umum, per 31 Desember 2025 Perseroan Proceeds from the Public Offering, as of December 31,
telah melaporkan realisasi penggunaan dana hasil 2025, the Company has reported the realization of the
penawaran umum dengan rincian sebagai berikut: use of the proceeds from the public offering with the
following details:
Obligasi Berkelanjutan I Trimegah Sekuritas Indonesia Tahap III Tahun 2025
Trimegah Sekuritas Indonesia Shelf-Registered Bond I Phase III Year 2025
Nilai Realisasi Hasil Penawaran Umum Rencana Penggunaan Dana
Realization Value of Public Offering Proceeds Planned Use of Proceeds
Jenis Penawaran Tanggal
Umum Efektif Jumlah Hasil Biaya
No.
Type of Public Effective Penawaran Penawaran
Hasil Bersih
Offering Date Umum Umum Warehousing
Net Proceeds
Total Public Cost of Public
Offering Proceeds Offering
Obligasi
Berkelanjutan I
Trimegah Sekuritas
Indonesia 26 Juni
Tahap III Tahun 2023
1 303.200.000.000 1.721.294.000 301.478.706.000 211.035.094.200
2025 June 26,
142 Trimegah Sekuritas 2023
Indonesia Shelf
Registered Bond I
Phase III Year 2025
Obligasi Berkelanjutan II Trimegah Sekuritas Indonesia Tahap I Tahun 2025
Trimegah Sekuritas Indonesia Shelf-Registered Bond II Phase I Year 2025
Nilai Realisasi Hasil Penawaran Umum Rencana Penggunaan Dana
Realization Value of Public Offering Proceeds Planned Use of Proceeds
Jenis Penawaran Tanggal
Jumlah Hasil
Umum Efektif Biaya
No. Penawaran Pembayaran
Type of Public Effective Penawaran
Umum Hasil Bersih Pokok Obligasi
Offering Date Umum
Total Public Net Proceeds Berkelanjutan I
Cost of Public
Offering Tahap II Tahun 2024
Offering
Proceeds
Obligasi
Berkelanjutan II
Trimegah Sekuritas
23 Juni
Indonesia
2025
2 Tahap I Tahun 2025 700.000.000.000 5.591.083.867 694.408.916.133 388.000.000.000
June 23,
Trimegah Sekuritas
2025
Indonesia Shelf
Registered Bond II
Phase I Year 2025
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04 MANAGEMENT DISCUSSION & ANALYSIS
Informasi dan Fakta Material yang Terjadi Setelah Laporan Akuntan
Material Information and Facts After the Accounting Report Period
Realisasi Penggunaan Dana
Realization of Using Proceeds
Sisa Dana Hasil
Penawaran Umum
Pembiayaan Remaining Public
Pembiayaan Marjin
Total Warehousing Marjin Total Offering Proceeds
Margin Financing
Margin Financing
90.443.611.800 301.478.706.000 211.035.094.200 90.443.611.800 301.478.706.000 0
143
Realisasi Penggunaan Dana
Realization of Using Proceeds
Sisa Dana Hasil
Penawaran Umum
Pembayaran
Remaining Public
Pokok Obligasi
Warehousing Total Warehousing Total Offering Proceeds
Berkelanjutan I
Tahap II Tahun 2024
306.408.916.133 694.408.916.133 388.000.000.000 306.408.916.13 694.408.916.133 0
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Informasi dan Fakta Material yang Terjadi Setelah Laporan Akuntan
Material Information and Facts After the Accounting Report Period
Obligasi Berkelanjutan II Trimegah Sekuritas Indonesia Tahap II Tahun 2025
Trimegah Sekuritas Indonesia Shelf-Registered Bond II Phase II Year 2025
Nilai Realisasi Hasil Penawaran Umum Rencana Penggunaan Dana
Realization Value of Public Offering Proceeds Planned Use of Proceeds
Jenis Penawaran Tanggal
Umum Efektif Jumlah Hasil Biaya
No.
Type of Public Effective Penawaran Penawaran
Hasil Bersih
Offering Date Umum Umum REPO
Net Proceeds
Total Public Cost of Public
Offering Proceeds Offering
Obligasi
Berkelanjutan II
Trimegah Sekuritas
23 Juni
Indonesia
2025
3 Tahap II Tahun 2025 500.000.000.000 2.540.141.667 497.459.858.333 348.221.900.833
June 23,
Trimegah Sekuritas
2025
Indonesia Shelf
Registered Bond II
Phase II Year 2025
144 Obligasi Berkelanjutan II Trimegah Sekuritas Indonesia Tahap III Tahun 2025
Trimegah Sekuritas Indonesia Shelf-Registered Bond II Phase III Year 2025
Nilai Realisasi Hasil Penawaran Umum Rencana Penggunaan Dana
Realization Value of Public Offering Proceeds Planned Use of Proceeds
Jenis Penawaran Tanggal
Jumlah Hasil
Umum Efektif Biaya
No. Penawaran Pembayaran
Type of Public Effective Penawaran
Umum Hasil Bersih Pokok Obligasi
Offering Date Umum
Total Public Net Proceeds I Tahap III Tahun
Cost of Public
Offering Proceeds 2025 Seri A
Offering
Obligasi
Berkelanjutan II
Trimegah Sekuritas
Indonesia 23 Juni
Tahap III Tahun 2025
4 550.000.000.000 2.722.866.666 547.277.133.334 250.715.000.000
2025 June 23,
Trimegah Sekuritas 2025
Indonesia Shelf
Registered Bond II
Phase III Year 2025
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Informasi dan Fakta Material yang Terjadi Setelah Laporan Akuntan
Material Information and Facts After the Accounting Report Period
Realisasi Penggunaan Dana
Realization of Using Proceeds Sisa Dana Hasil
Penawaran
Umum
Remaining
Pembiayaan Marjin Pembiayaan Marjin
Total REPO Total Public Offering
Margin Financing Margin Financing
Proceeds
149.237.957.500 497.459.858.333 348.221.900.833 149.237.957.500 497.459.858.333 0
145
Realisasi Penggunaan Dana
Realization of Using Proceeds
Sisa Dana Hasil
Penawaran Umum
Pembayaran
Pembayaran Pokok Pembayaran Pokok Remaining Public
Pokok Obligasi
Obligasi I Tahap I Total Obligasi I Tahap III Total Offering Proceeds
I Tahap I Tahun
Tahun 2025 Seri B Tahun 2025 Seri A
2025 Seri B
299.285.000.000 550.000.000.000 0 0 0 547.277.133.334
2025 Annual Report
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Aspek Pemasaran
Marketing Aspect
Strategi Pemasaran Marketing Strategy
Perkembangan pasar modal yang meningkat pesat The capital market has experienced significant
dalam beberapa tahun terakhir menyebabkan growth in recent years, leading to increasingly
munculnya pemain baru di industri pasar modal intense competition. An integrated and well-targeted
yang menyebabkan persaingan pun semakin ketat. marketing strategy is therefore essential to address this
Strategi pemasaran yang terintegrasi dan tepat sasaran competition, expand the customer base, and increase
dibutuhkan untuk menghadapi persaingan ini untuk market share.
memperluas basis nasabah serta meningkatkan pangsa
pasar.
Strategi ini dirancang tidak hanya untuk mendorong This strategy is designed not only to drive short-term
pertumbuhan bisnis jangka pendek, tetapi juga untuk business growth but also to strengthen the Company’s
memperkuat positioning merek dan citra Perseroan di brand positioning and corporate image among
mata investor. investors.
Dalam pelaksanaannya, Perseroan percaya bahwa In its implementation, the Company believes that
aksesibilitas menjadi salah satu fokus utama. Untuk accessibility is one of the key priorities. Accordingly,
itu, Perseroan berkomitmen untuk terus meningkatkan the Company is committed to continuously enhancing
aksesibilitas informasi produk dan layanan, baik bagi the accessibility of product and service information
nasabah eksisting maupun calon nasabah melalui for both existing and prospective customers through
penyediaan layanan yang responsif dan profesional di the provision of responsive and professional services
11 kantor cabang yang tersebar di 10 kota di Indonesia. across 11 branch offices located in 10 cities throughout
146 Indonesia.
Sepanjang tahun 2025, kegiatan pemasaran Perseroan Throughout 2025, the Company’s marketing activities
dilaksanakan melalui pendekatan omnichannel yang were carried out through an integrated omnichannel
terintegrasi dengan mengkombinasikan saluran approach, combining offline and digital channels in a
offline dan digital secara sinergis. Strategi komunikasi synergistic manner. The communication strategy was
dirancang berbasis segmentasi nasabah, sehingga pesan developed based on customer segmentation, ensuring
yang disampaikan menjadi lebih tepat sasaran, relevan, that the messages delivered are more targeted, relevant,
dan efektif dalam meningkatkan konversi, engagement, and effective in increasing conversion, engagement,
serta loyalitas jangka panjang. and long-term customer loyalty.
Sejumlah inisiatif strategis yang telah dilaksanakan, Several strategic initiatives undertaken include:
antara lain:
• Menjalankan awareness campaign secara konsisten • Conducting consistent awareness campaigns to
untuk memperkuat brand recall dan menjadikan strengthen brand recall and position the Company
Perseroan serta Trima+ sebagai top of mind di and Trima+ as top-of-mind in the retail segment.
segmen ritel. Kampanye dilakukan melalui Meta These campaigns were carried out through Meta
Ads (Facebook & Instagram) dan Google Ads. Ads (Facebook and Instagram) and Google Ads.
• Melaksanakan performance campaign berbasis • Implementing data analytics-based performance
data analytics untuk meningkatkan pembukaan campaigns to increase new securities account
rekening efek baru dan akuisisi nasabah. openings and customer acquisition.
• Mengoptimalkan media sosial seperti Instagram, • Optimizing social media platforms such as
Facebook, YouTube, dan TikTok untuk edukasi Instagram, Facebook, YouTube, and TikTok for
pasar modal, promosi fitur unggulan Trima+, capital market education, promotion of Trima+ key
serta meningkatkan engagement digital dengan features, and enhancement of digital engagement
nasabah. with customers.
• Berkolaborasi dengan berbagai pelaku pasar, pegiat • Collaborating with various market participants,
media sosial, komunitas investor, komunitas sosial, social media influencers, investor communities,
ataupun komunitas lainnya melalui aktivasi offline social communities, and other communities
dan online guna memperluas brand exposure. through both offline and online activations to
expand brand exposure.
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04 MANAGEMENT DISCUSSION & ANALYSIS
• Menyelenggarakan small gathering, market • Organizing small gatherings, market updates,
update, webinar, dan pelatihan investasi secara webinars, and investment training programs
berkala sebagai sarana edukasi dan peningkatan on a regular basis as a means of education and
engagement. engagement enhancement.
• Mengoptimalkan website Perseroan dan platform • Optimizing the Company’s website and Trima+
Trima+ (trimaplus.trimegah.id) sebagai pusat platform (trimaplus.trimegah.id) as centralized
informasi produk, riset, dan layanan digital. hubs for product information, research, and digital
services.
• Memperkuat fungsi Call Center untuk memastikan • Strengthening the Call Center function to ensure
kualitas layanan, respons cepat terhadap service quality, prompt response to inquiries, and
pertanyaan, serta penanganan keluhan nasabah effective handling of customer complaints.
secara efektif.
Pendekatan pemasaran yang terstruktur dan berbasis This structured and data-driven marketing approach
data tersebut diharapkan mampu meningkatkan is expected to enhance customer acquisition, expand
customer acquisition, memperluas wallet share, serta wallet share, and strengthen long-term customer
memperkuat retensi nasabah dalam jangka panjang. retention.
Pangsa Pasar Market Share
Sebagai salah satu perusahaan sekuritas terkemuka As one of the leading securities companies in Indonesia,
di Indonesia, Perseroan memiliki posisi pasar yang the Company maintains a competitive market position
kompetitif di berbagai lini bisnis utama pasar modal. across its core capital market business lines. As of the
Hingga akhir tahun 2025, posisi Perseroan tercermin end of 2025, the Company’s position is reflected as 147
sebagai berikut: follows:
• Equity Brokerage • Equity Brokerage
Perseroan membukukan pangsa pasar sekitar The Company recorded a market share of
2,67% dari total nilai transaksi saham di BEI approximately 2.67% of the total equity trading
dengan kontribusi yang kuat dari segmen nasabah value on the Indonesia Stock Exchange (IDX),
ritel melalui platform digital Trima+. Perseroan supported by strong contributions from the retail
secara konsisten berada dalam kelompok 12 besar segment through the Trima+ digital platform. The
perusahaan efek berdasarkan nilai transaksi. Company has consistently ranked among the top
12 securities companies based on transaction value.
• Investment Banking (Equity & Debt • Investment Banking (Equity & Debt
Underwriting) Underwriting)
Pada lini penjaminan emisi efek, Perseroan In the underwriting business, the Company
mencatat pangsa pasar sebesar 29,04% dari total achieved a market share of approximately
nilai emisi efek saham yang diterbitkan sepanjang 29.04% of the total value of securities issuances
tahun 2025, serta 12,78% untuk emisi obligasi throughout 2025, covering both equities and
korporasi. Posisi ini didukung oleh pengalaman corporate bonds. This position is supported by the
Perseroan dalam menangani transaksi IPO, rights Company’s extensive experience in handling IPOs,
issue, serta penerbitan obligasi dan sukuk. rights issues, as well as bond and sukuk issuances.
• Fixed Income Secondary Trading • Fixed Income Secondary Trading
Di segmen surat utang korporasi dan surat utang In the corporate bond segment, the Company
negara, Perseroan memiliki pangsa pasar sekitar held a market share of approximately 10.3%, with
10,3%, dengan peran aktif sebagai arranger an active role as both arranger and underwriter.
maupun underwriter. Aktivitas perdagangan Secondary bond trading activities also contributed
sekunder obligasi juga memberikan kontribusi significantly to fee-based income.
signifikan terhadap pendapatan berbasis komisi
(fee-based income).
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Aspek Pemasaran
Marketing Aspect
• Manajer Investasi • Asset Management
Melalui entitas anak di bidang pengelolaan Through its investment management subsidiary,
investasi, Perseroan turut berkontribusi pada the Company contributed to the national
industri reksa dana nasional dengan pangsa pasar mutual funds industry with a market share of
sekitar 8,60% dari total Asset Under Management approximately 8.60% of the total industry Asset
(AUM) industri. Under Management (AUM).
Secara keseluruhan, posisi pasar Perseroan Overall, the Company’s market position reflects a
mencerminkan strategi diversifikasi bisnis yang balanced business diversification strategy between
seimbang antara pendapatan berbasis komisi dan fee-based income and financing-based income. Going
pendapatan berbasis pembiayaan. Ke depan, Perseroan forward, the Company aims to gradually increase its
menargetkan peningkatan pangsa pasar secara market share through strengthening underwriting
bertahap melalui penguatan kapabilitas underwriting, capabilities, optimizing digital channels, and enhancing
optimalisasi kanal digital, serta peningkatan aktivitas both retail and institutional trading activities.
transaksi ritel dan institusi.
148
PT Trimegah Sekuritas Indonesia Tbk
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04 MANAGEMENT DISCUSSION & ANALYSIS
Prospek Usaha
Business Prospects
Proyeksi Ekonomi Global dan Nasional Tahun Global and Domestic Economic Outlook for
2026 2026
Memasuki tahun 2026, lanskap ekonomi global Entering 2026, the global economic landscape is
diperkirakan masih berada dalam fase penyesuaian expected to remain in an adjustment phase following
setelah siklus pengetatan moneter yang berlangsung the monetary tightening cycle that happened over
beberapa tahun terakhir. Arah kebijakan suku bunga the past few years. A more accommodative interest
yang cenderung lebih akomodatif, stabilisasi inflasi di rate environment, stabilizing inflation across several
sejumlah negara maju, serta normalisasi rantai pasok advanced economies, and the normalization of global
global diproyeksikan memberikan ruang bagi pemulihan supply chains are projected to provide room for recovery
sektor riil dan pasar keuangan. Meski demikian, in the real sector and financial markets. Nevertheless,
risiko tetap berasal dari ketidakpastian geopolitik, risks persist, particularly from geopolitical uncertainties,
kecenderungan proteksionisme perdagangan, serta rising trade protectionism, and the potential slowdown
potensi perlambatan pertumbuhan di beberapa in growth across several major economies.
ekonomi utama.
Di sisi domestik, Pemerintah Indonesia menetapkan On the domestic front, the Government of Indonesia
asumsi makro dalam APBN 2026 yang ekspansif namun has set macroeconomic assumptions in the 2026 State
terukur dengan target pertumbuhan ekonomi sekitar Budget that are expansionary yet measured, targeting
5,4% (yoy), inflasi 2,5% ± 1%, nilai tukar Rupiah masih economic growth of approximately 5.4% (yoy),
dibayangi dengan beberapa sentimen, sedangkan imbal inflation of 2.5% ± 1%, and the Rupiah exchange rate
hasil Surat Berharga Negara (SBN) 10 tahun pada still facing several pressures, while the yield on 10-year
kisaran 6,9%. Kombinasi kebijakan fiskal yang produktif Government Bond is projected to be around 6.9%. The
dan stabilitas sektor keuangan diharapkan dapat combination of productive fiscal policy and financial 149
menjaga daya beli masyarakat, memperkuat investasi, sector stability is expected to maintain purchasing
serta mendukung momentum pertumbuhan domestik. power, strengthen investment, and support domestic
growth momentum.
Stabilitas makroekonomi tersebut menjadi fondasi Such macroeconomic stability provides a strong
penting bagi pertumbuhan industri jasa keuangan foundation for the growth of the financial services
dan pasar modal nasional. Kondisi suku bunga yang industry and the national capital market. A conducive
kondusif, inflasi yang terjaga, serta kebijakan fiskal yang interest rate environment, controlled inflation, and
terukur menciptakan ruang bagi peningkatan aktivitas prudent fiscal policy create opportunities to enhance
investasi dan intermediasi keuangan. Pada saat yang investment activities and financial intermediation.
sama, kondisi tersebut turut memperkuat sentimen At the same time, these conditions are expected
investor dan mendorong akselerasi transaksi di berbagai to strengthen investor sentiment and drive the
instrumen pasar modal. acceleration of transactions across various capital
market instruments.
Prospek Industri Pasar Modal Tahun 2026 Capital Market Industry Prospects for 2026
Sejalan dengan landasan landasan makroekonomi yang In line with a conducive macroeconomic foundation,
kondusif, prospek industri pasar modal pada tahun the capital market industry outlook for 2026 is
2026 diperkirakan tetap berada dalam fase bullish yang expected to remain in a bullish phase, supported by
ditopang oleh beberapa faktor utama, yaitu: several key factors, namely:
• Kekuatan investor domestik yang semakin dominan. • The increasingly dominant role of domestic
investors.
• Potensi arus masuk (capital inflow) investor asing • The potential for foreign capital inflows in line with
seiring stabilisasi kondisi global. the stabilization of global conditions.
• Kebijakan pemerintah yang mendorong likuiditas • Government policies that promote liquidity and
dan pendalaman pasar keuangan. deepen the financial market.
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04 ANALISIS DAN PEMBAHASAN MANAJEMEN
Laporan Tahunan 2025
Prospek Usaha
Business Prospects
Dalam Rencana Kerja dan Anggaran Tahunan (RKAT) In its 2026 Annual Work Plan and Budget (RKAT), the
2026, BEI menargetkan Rata-rata Nilai Transaksi Indonesia Stock Exchange (IDX) targets an Average
Harian (RNTH) saham sebesar Rp14,5 triliun dengan Daily Trading Value (ADTV) of Rp14.5 trillion over
239 hari bursa, meningkat dari target Rp13,25 triliun 239 trading days, an increase from the previous year’s
tahun sebelumnya. Target pencatatan efek juga target of Rp13.25 trillion. The target for securities
meningkat menjadi 555 efek, termasuk 50 perusahaan listings is also set to increase to 555 listings, including
yang melaksanakan IPO. Dari sisi basis investor, BEI 50 companies conducting initial public offerings
menargetkan penambahan 2 juta investor baru untuk (IPOs). In terms of investor base, the IDX aims to add
mendukung strategi menuju 20 juta investor pasar 2 million new investors as part of its strategy to reach
modal pada 2027. Hingga akhir 2025, jumlah investor 20 million capital market investors by 2027. As of the
telah mencapai sekitar 20,3 juta, menunjukkan end of 2025, the total number of investors had reached
tren pendalaman pasar (market deepening) yang approximately 20.3 million, reflecting a continued
berkelanjutan. market deepening trend.
Segmen obligasi korporasi juga diperkirakan tetap The corporate bond segment is also expected to remain
aktif di tahun depan. PEFINDO memproyeksikan active in the coming year. PEFINDO projects corporate
nilai penerbitan surat utang korporasi berada di bond issuance to range between Rp154 trillion and
kisaran Rp154 triliun hingga Rp196,86 triliun, dengan Rp196.86 trillion, with a midpoint of Rp175.77 trillion.
titik tengah Rp175,77 triliun. Lonjakan aktivitas ini This surge in activity is driven by significant refinancing
didorong oleh kebutuhan refinancing signifikan needs amounting to Rp162.72 trillion. Lower yields,
mencapai Rp162,72 triliun. Penurunan yield, kebutuhan corporate funding requirements, and expectations of
pendanaan korporasi, serta ekspektasi pelonggaran interest rate easing are projected to sustain positive
150 suku bunga diproyeksikan tetap menjaga sentimen sentiment toward fixed income instruments, both
positif terhadap instrumen fixed income baik obligasi government and corporate bonds.
pemerintah maupun korporasi.
Di sisi industri reksa dana, nilai dana kelolaan (AUM) In the mutual funds industry, Assets Under
diproyeksikan menembus Rp740 triliun pada akhir 2026, Management (AUM) are projected to exceed Rp740
didorong oleh pertumbuhan yang solid, net subscription trillion by the end of 2026, driven by solid growth,
yang kuat, peningkatan literasi keuangan, penetrasi strong net subscriptions, increasing financial literacy,
kanal digital, serta diversifikasi produk investasi yang the expansion of digital distribution channels, and the
inovatif. Hingga Januari 2026, Nilai Aktiva Bersih (NAB) diversification of innovative investment products. As of
industri telah mencapai Rp705,26 triliun, menandakan January 2026, the industry’s Net Asset Value (NAV) had
pertumbuhan yang konsisten dan berkelanjutan. reached Rp705.26 trillion, indicating consistent and
sustainable growth.
Secara keseluruhan, dinamika ini mencerminkan Overall, these dynamics reflect a capital market
struktur pasar yang semakin dalam, likuid, dan resilien, structure that is becoming increasingly deep, liquid, and
membuka ruang pertumbuhan berkelanjutan bagi resilient, thereby creating opportunities for sustainable
seluruh pelaku industri pasar modal. growth across all market participants.
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04 MANAGEMENT DISCUSSION & ANALYSIS
Prospek Usaha
Business Prospects
Implikasi terhadap Prospek Bisnis Perseroan Implications for the Company’s Business
Prospects
Dengan fundamental pasar yang kuat dan dukungan Supported by strong market fundamentals and
likuiditas memadai, Perseroan menargetkan adequate liquidity, the Company targets business
pertumbuhan bisnis pada 2026 dapat melampaui growth in 2026 to exceed the previous year’s target. The
target pada tahun sebelumnya. Fase bullish yang projected bullish phase in the capital market industry
diproyeksikan di industri pasar modal diharapkan is expected to serve as a positive catalyst across all
menjadi katalis positif bagi seluruh lini usaha, termasuk: business lines, including:
• Equity brokerage, melalui peningkatan volume dan • Equity brokerage, through increased retail
frekuensi transaksi ritel; transaction volume and frequency;
• Investment banking, seiring bertambahnya mandat • Investment banking, in line with the expected
IPO dan penerbitan obligasi korporasi; increase in IPO mandates and corporate bond
issuances;
• Fixed income market dan underwriting, didukung • Fixed income market and underwriting, supported
proyeksi penerbitan obligasi yang tinggi; dan by the projected high level of bond issuance; and
• Margin financing dan repo, dengan tetap menjaga • Margin financing and repo, while maintaining
profil risiko dan kecukupan MKBD. prudent risk profiles and adequate net adjusted
working capital (ANWC).
Penguatan infrastruktur teknologi dan optimalisasi The strengthening of technology infrastructure and
platform Trima+ akan terus dilakukan untuk the optimization of the Trima+ platform will continue
meningkatkan skalabilitas bisnis, memperluas penetrasi to be pursued to enhance business scalability, expand
nasabah ritel, serta mendorong efisiensi operasional. retail customer penetration, and improve operational 151
Disiplin pengelolaan biaya dan manajemen risiko efficiency. Cost discipline and risk management remain
tetap menjadi fokus utama untuk menjaga kualitas key priorities to ensure the quality of growth and the
pertumbuhan dan ketahanan struktur permodalan. resilience of the Company’s capital structure.
Secara keseluruhan, tahun 2026 dipandang sebagai Overall, 2026 is viewed as a period of constructive
periode dengan peluang pertumbuhan yang konstruktif. growth opportunities. Domestic macroeconomic
Stabilitas makro domestik, pendalaman pasar keuangan, stability, financial market deepening, and increasing
serta peningkatan partisipasi investor menjadi fondasi investor participation provide a strong foundation
yang kuat bagi ekspansi usaha Perseroan. Strategi yang for the Company’s business expansion. The strategies
dijalankan diarahkan untuk menangkap momentum ini implemented are directed at capturing this momentum
secara terukur, prudent, dan berkelanjutan sehingga in a measured, prudent, and sustainable manner,
menciptakan nilai jangka panjang bagi seluruh thereby creating long-term value for all stakeholders.
pemangku kepentingan.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
152
05 Maintaining Form
and Control
Tata Kelola Perusahaan
Corporate Governance
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05 CORPORATE GOVERNANCE
153
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komitmen terhadap Penerapan Tata Kelola Commitment to GCG Implementation
Perseroan berkomitmen untuk menerapkan prinsip- The Company is committed to implementing the
prinsip Tata Kelola Perusahaan yang Baik secara principles of Good Corporate Governance (GCG)
konsisten dan berkesinambungan sebagai bagian dari consistently and continuously as part of the company
budaya perusahaan. Penerapan tata kelola di Perseroan culture. The Company’s implementation of GCG is
berpedoman pada ketentuan peraturan perundang- guided by applicable Indonesian laws and regulations
undangan yang berlaku di Indonesia serta berbagai and various other relevant references, including:
referensi terkait lainnya, antara lain:
1. Peraturan Perundang-undangan Republik Indonesia 1. Indonesian laws and regulations related to Limited
yang berkaitan dengan Perusahaan Terbatas dan Liability Companies and the Capital Market.
Pasar Modal.
2. Peraturan Otoritas Jasa Keuangan yang berkaitan 2. Regulations issued by the Financial Services
dengan Tata Kelola, Laporan Tahunan, RUPS, dan Authority (OJK) pertaining to Corporate
peraturan lain yang terkait dengan penerapan tata Governance, Annual Reports, General Meetings of
kelola Perusahaan Terbuka maupun Perusahaan Shareholders, and other regulations related to the
Efek. governance of Public Companies and Securities
Companies.
3. Peraturan terkait yang diterbitkan oleh PT Bursa 3. Relevant regulations issued by PT Bursa Efek
Efek Indonesia. Indonesia.
4. Anggaran Dasar Perusahaan. 4. The Company’s Articles of Association.
5. Kebijakan Internal Perusahaan. 5. The Company’s internal policies.
154 Dengan menjaga komitmen yang kuat terhadap By maintaining a strong commitment to the
implementasi tata kelola, Perseroan berupaya implementation of GCG, the Company strives to ensure
memastikan bahwa setiap keputusan dan aktivitas that every decision and business activity is conducted
bisnis dijalankan selaras dengan prinsip keterbukaan, in accordance with the principles of transparency,
akuntabilitas, pertanggung jawaban, independensi, dan accountability, responsibility, independence, and
kewajaran. fairness.
Struktur dan Mekanisme Tata Kelola Corporate Governance Structure and Mechanism
Dalam menerapkan prinsip-prinsip tata kelola, In implementing the principles of GCG, the Company
Perseroan membangun struktur dan mekanisme has established a governance structure and working
kerja yang berlandaskan pada Undang-Undang mechanisms in accordance with applicable laws and
dan Peraturan yang berlaku. Dengan memastikan regulations. By ensuring the adequacy of its primary
kecukupan struktur organ tata kelola utama yang governance organs—namely, the General Meeting of
terdiri atas Rapat Umum Pemegang Saham (RUPS), Shareholders (GMS), the Board of Commissioners,
Dewan Komisaris, dan Direksi, Perseroan memastikan and the Board of Directors—the Company maintains
berjalannya sistem pengawasan dan pengelolaan a balanaced and accountable system of oversight
usaha yang berimbang serta bertanggung jawab dalam and management in decision-making and operational
pengambilan keputusan dan pelaksanaan kegiatan activities.
operasional.
Organ utama Perseroan antara lain Rapat Umum The Company’s primary organs consist of the
Pemegang Saham (RUPS), Dewan Komisaris, dan General Meeting of Shareholders (GMS), the Board
Direksi. Sementara Organ Pendukung Perseroan of Commissioners, and the Board of Directors. Its
mencakup komite-komite yang dibentuk untuk supporting organs include committees established to
membantu pelaksanaan tugas dan tanggung jawab assist the Board of Commissioners and the Board of
Dewan Komisaris dan Direksi serta Sekretaris Directors in carrying out their duties and responsibilities,
Perusahaan, Internal Audit, Fungsi Risk Management & as well as the Corporate Secretary, Internal Audit, Risk
Anti Fraud, Compliance & APU-PPT, dan Legal. Management and Anti-Fraud Function, Compliance &
AML-CFT, and Legal functions.
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05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Perseroan memastikan penyelenggaraan Rapat The Company ensures that the General Meeting of
Umum Pemegang Saham (RUPS) senantiasa Shareholders (GMS) is conducted in a transparent and
dilakukan secara transparan dan akuntabel dengan accountable manner, providing equal opportunities
memberikan kesempatan yang setara bagi seluruh for all shareholders, to exercise their rights in
pemegang saham untuk menggunakan haknya sesuai accordance with prevailing laws and regulations. In
ketentuan peraturan perundang-undangan. Dalam its implementation, the Company convenes GMS by
pelaksanaannya, Perseroan menyelenggarakan RUPS referring to several regulatory provisions, including:
dengan mengacu pada beberapa ketentuan peraturan
perundang-undangan, antara lain:
1) POJK No. 15/POJK.04/2020 tentang Rencana dan 1) POJK No. 15/POJK.04/2020 concerning the
Penyelenggaraan Rapat Umum Pemegang Saham Planning and Convening of the General Meeting of
Perusahaan Terbuka. Shareholders of Public Companies.
2) POJK No. 14 Tahun 2025 tentang Pelaksanaan 2) POJK No. 14 of 2025 concerning the Electronic
Rapat Umum Pemegang Saham, Rapat Umum Convening of the General Meeting of Shareholders,
Pemegang Obligasi, Dan Rapat Umum Pemegang General Meeting of Bondholders, and General
Sukuk Secara Elektronik. Meeting of Sukuk Holders.
3) Peraturan KSEI Nomor XI-A tentang Tata Cara 3) KSEI Regulation No. XI-A on Procedures for
Penyelenggaraan RUPS yang Disertai dengan Convening GMS Accompanied by Proxy through the
Pemberian Kuasa melalui Electronic General KSEI Electronic General Meeting System (eASY).
Meeting System KSEI (eASY).
4) Anggaran Dasar Perseroan. 4) The Company’s Articles of Association.
Mengacu pada Pasal 11 Anggaran Dasar, Perseroan Pursuant to Article 11 of the Articles of Association, the 155
dapat menyelenggarakan 2 jenis RUPS, yaitu: Company may convene 2 types of GMS:
a) RUPS Tahunan (RUPST) yang diadakan paling a) Annual GMS, which shall be held no later than 6
lambat 6 bulan setelah tahun buku berakhir. months after the end of the financial year.
b) RUPS Luar Biasa (RUPSLB) yang dapat b) Extraordinary GMS, which may be convened at any
diselenggarakan sewaktu-waktu apabila diminta time upon the request of the Board of Directors, the
oleh Direksi, Dewan Komisaris, atau pemegang Board of Commissioners, or shareholders based on
saham berdasarkan kebutuhan untuk kepentingan the Company’s needs.
Perseroan.
Penyelenggaraan RUPS Tahunan 2025 Implementation of the 2025 Annual GMS
Hari, Tanggal Kamis, 26 Juni 2025
Day, Date Thursday, June 26, 2025
Waktu
10.25 – 11.01 WIB
Time
Ruang Serbaguna, Gedung Artha Graha Lantai Dasar
Tempat Jl. Jend. Sudirman, Kav. 52-53 Jakarta 12190
Place Serbaguna Room, Artha Graha Building Ground Floor
Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Kehadiran di dalam RUPST 2025: Attendance at the 2025 AGMS:
1) Direksi 1) Board of Directors
- Direktur Utama : Philmon Samuel Tanuri - President Director : Philmon Samuel Tanuri
- Direktur : David Agus - Director : David Agus
- Direktur : Anung Rony Hascaryo - Director : Anung Rony Hascaryo
2) Dewan Komisaris 2) Board of Commissioners
- Komisaris Utama/ - President Commissioner/
Komisaris Independen : Edy Sugito Independent Commissioner : Edy Sugito
- Komisaris : Sunata Tjiterosampurno - Commissioner : SunataTjiterosampurno
3) Pemegang saham yang hadir mewakili 3) Shareholders attending the meeting represented
5.044.273.600 saham atau 70,95% dari seluruh 5,044,273,600 shares or 70.95% of the Company’s
lembar saham yang telah dikeluarkan oleh total issued shares.
Perseroan.
4) Pihak Independen dan/atau Profesi Penunjang 4) Independent Party and/or Capital Market
Pasar Modal yang turut hadir di dalam RUPS dan Supporting Professionals present at the AGMS
Bertugas Melakukan Perhitungan Suara (fisik dan who conducted the vote counting (physical and
online): PT Sinartama Gunita. electronic): PT Sinartama Gunita.
Mekanisme Pengambilan Keputusan Decision-making Mechanism
Sesuai Pasal 40 POJK 15/2020, pengambilan keputusan In accordance with Article 40 of POJK 15/2020,
dalam RUPS dilakukan secara musyawarah untuk decision-making at the GMS is conducted through
mufakat. Dalam hal mufakat tidak tercapai, maka deliberation to reach consensus. If consensus cannot be
156 pengambilan keputusan dilakukan melalui proses reached, decisions are made through a voting process
pemungutan suara dengan memperhatikan ketentuan by taking into account the provisions on the attendance
kuorum kehadiran dan kuorum keputusan RUPS. quorum and the GMS decision quorum.
Agenda, Keputusan RUPST 2025, dan Realisasi Agenda, Resolutions of the 2025 AGMS, and Their
Keputusan Implementation
Seluruh hasil keputusan RUPST 2025 untuk Tahun Buku All resolutions of the 2025 AGMS for the 2024 financial
2024 telah dituangkan dalam Akta No. 36 tanggal 26 year have been set forth in Deed No. 36 dated June 26,
Juni 2025 yang dibuat di hadapan Diharini, S.H., M.Kn., 2025, drawn up before Diharini, S.H., M.Kn., Notary in
selaku Notaris di Kota Administrasi Jakarta Selatan. the Administrative City of South Jakarta.
Berikut merupakan rincian keputusan RUPST Tahun The following presents the details of the resolutions of
2025 untuk Tahun Buku 2024 beserta realisasi tindak the 2025 AGMS for the 2024 financial year, along with
lanjutnya selama periode pelaporan: their implementation during the reporting period.
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05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Hasil Keputusan RUPST 2025
2025 AGMS Resolutions
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Pertama
First Meeting Agenda
Persetujuan Laporan 1. Menerima dengan baik dan menyetujui Laporan Tahunan Perseroan untuk tahun Sudah dilaksanakan
Tahunan termasuk buku yang berakhir pada tanggal 31 Desember 2024 termasuk Laporan Tahunan
Laporan Tahunan Direksi, Laporan Pengawasan Dewan Komisaris untuk tahun 2024, serta;
Direksi, Laporan 2. Menerima dengan baik, menyetujui dan mengesahkan Laporan Keuangan serta
Tugas Pengawasan neraca dan perhitungan laba/rugi Perseroan untuk tahun buku yang berakhir
Dewan Komisaris, dan pada tanggal 31 Desember 2024 yang telah diaudit oleh Kantor Akuntan
pengesahan Laporan Publik Purwantono, Sungkoro & Surja sesuai laporan Nomor 00145/2.1032/
Keuangan Tahun Buku AU.1/09/0242-3/1/III/2025 tanggal 6 Maret 2025 dengan pendapat “Wajar
2024 dalam Semua Hal yang Material”, dengan demikian membebaskan anggota
Direksi dan Dewan Komisaris Perseroan dari tanggung jawab dan segala
tanggungan sepenuhnya (volledig acquit et de charge) atas tindakan pengurusan
dan pengawasan yang telah mereka jalankan selama tahun buku 2024, sepanjang
tindakan-tindakan mereka tercantum dalam neraca dan perhitungan laba rugi
tahun buku 2024, kecuali perbuatan penipuan, penggelapan atau tindak pidana
lainnya.
Approval of the Annual 1. Accepted and approved the Company’s Annual Report for the financial year ended Has been implemented
Report, including the December 31, 2024, including the Annual Report of the Board of Directors and the
Annual Report of the Supervisory Report of the Board of Commissioners for 2024; and
Board of Directors, the 2. Accepted, approved, and ratified the Company’s Financial Statements, balance
Supervisory Report of the sheet, and profit/loss statement for the financial year ended December 31,
Board of Commissioners, 2024, audited by the Public Accounting Firm Purwantono, Sungkoro & Surja in
157
and the ratification of the report Number 00145/2.1032/AU.1/09/0242-3/1/III/2025 dated March 6, 2025,
Financial Statements for with a “Fair in All Material Respects” opinion, thereby granting full release and
the Financial Year 2024 discharge (volledig acquit et de charge) to all members of the Board of Directors
and the Board of Commissioners for their management and supervisory actions
conducted during the financial year 2024, to the extent such actions are reflected
in the balance sheet and profit/loss statement for the financial year 2024, except
for acts of fraud, embezzlement, or other criminal offenses.
Tidak Setuju
Reject
Abstain
Setuju 5.044.273.600 suara atau 100% dari seluruh
Approve saham dengan hak suara yang hadir dalam Rapat.
5,044,273,600 votes or 100% of all shares with
voting rights present at the Meeting.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Kedua
Second Meeting Agenda
Penetapan penggunaan Menyetujui penetapan penggunaan laba bersih tahun buku 2024 Perseroan sebesar Sudah dilaksanakan
laba bersih Perseroan Rp259.898.191.301,00 (dua ratus lima puluh sembilan miliar delapan ratus sembilan
Tahun Buku 2024 puluh delapan juta seratus sembilan puluh satu ribu tiga ratus satu Rupiah) untuk
dipergunakan sebagai berikut:
1. Sebesar Rp1.000.000.000,00 (satu miliar Rupiah) digunakan sebagai “Dana
Cadangan” sebagaimana dimaksud dalam Pasal 70 ayat 1 UU Nomor: 40 Tahun
2007;
2. Sisanya dimasukkan sebagai laba yang ditahan untuk memperkuat struktur
permodalan Perseroan.
Determination of the Approved the appropriation of the Company’s net profit for the financial year 2024 Has been implemented
appropriation of the amounting to Rp259,898,191,301 (two hundred fifty-nine billion eight hundred
Company’s net profit for ninety-eight million one hundred ninety-one thousand three hundred one Rupiah),
the Financial Year 2024 as follows:
1. Rp1,000,000,000 (one billion Rupiah) to be allocated as “Reserves” as referred to
in Article 70 paragraph 1 of Law No. 40 of 2007; and
2. The remainder to be allocated as retained earnings to strengthen the Company’s
capital structure.
Tidak Setuju
Reject
158
Abstain
Setuju 5.044.273.600 suara atau 100% dari seluruh saham
Approve dengan hak suara yang hadir dalam Rapat.
5,044,273,600 votes or 100% of all shares with
voting rights present at the Meeting.
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05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Ketiga
Third Meeting Agenda
Penunjukan Akuntan 1. Menyetujui mendelegasikan kewenangan penunjukan Akuntan Publik Sudah dilaksanakan
Publik (“AP”) dan/atau dan/atau Kantor Akuntan Publik yang akan melakukan audit atas Laporan
Kantor Akuntan Publik Keuangan Perseroan untuk tahun buku 2025 kepada Dewan Komisaris dengan
(“KAP”) untuk mengaudit memperhatikan rekomendasi Komite Audit mengenai pemilihan Akuntan
Laporan Keuangan Publik dan Kantor Akuntan Publik. Pendelegasian ini diambil mengingat hingga
Perseroan untuk Tahun penyelenggaraan Rapat ini masih dilakukan proses pemilihan Akuntan Publik dan/
Buku yang berakhir pada atau Kantor Akuntan Publik. Proses pemilihan Akuntan Publik dan/atau Kantor
tanggal 31 Desember Akuntan Publik Perseroan akan didasarkan pada kriteria, antara lain:
2025 - Terdaftar pada Otoritas Jasa Keuangan;
- Memiliki kompetensi dan pengalaman dalam memberikan jasa audit laporan
keuangan perusahaan terbuka yang bergerak di bidang pasar modal atau
perusahaan efek, dan memahami kompleksitas usaha Perseroan;
- Independen terhadap grup Perseroan;
2. Memberi kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk
menetapkan besarnya honorarium dan persyaratan lainnya, sehubungan
dengan penunjukan Akuntan Publik dan Kantor Akuntan Publik tersebut dengan
memperhatikan rekomendasi dari Komite Audit;
3. Dalam hal Akuntan Publik dan Kantor Akuntan Publik yang ditunjuk tersebut
karena sesuatu alasan tidak dapat melaksanakan tugasnya, memberikan
wewenang kepada Dewan Komisaris untuk menunjuk Akuntan Publik dan Kantor
Akuntan Publik lain yang memiliki kompetensi dan pengalaman dalam bisnis
Perseroan dan terdaftar di OJK.
Appointment of Public 1. Approved to delegate the authority to appoint the Public Accountant and/or Has been implemented
Accountant and/or Public Accounting Firm that will audit the Company’s Financial Statements for
Public Accounting Firm the financial year 2025 to the Board of Commissioners, by taking into account the 159
to Audit the Company’s recommendations of the Audit Committee regarding the selection of the Public
Financial Statements for Accountant and Public Accounting Firm. This delegation was granted considering
the Financial Year ended that, as of the date of the Meeting, the selection process for the Public Accountant
December 31, 2025 and/or Public Accounting Firm was still ongoing. The selection process for the
Company’s Public Accountant and/or Public Accounting Firm will be based on the
following criteria, among others:
- Registered in the Financial Services Authority;
- Possesses the competence and experience in providing audit services for the
financial statements of public companies operating in the capital market
or securities industry, and understands the complexity of the Company’s
business;
- Independent from the Company’s group.
2. Granted authority to the Board of Commissioners to determine the honorarium
and other requirements related to the appointment of the Public Accountant and
Public Accounting Firm, by taking into account the recommendations of the Audit
Committee;
3. In the event that the appointed Public Accountant and Public Accounting Firm
are, for any reason, unable to perform their duties, authorized the Board of
Commissioners to appoint another Public Accountant and Public Accounting Firm
that possess the competence and experience in the Company’s business and are
registered with the Financial Services Authority (OJK).
Tidak Setuju 2.202.900 suara atau 0,04% dari seluruh
Reject saham dengan hak suara yang hadir
dalam Rapat.
2,202,900 votes or 0.04% of all shares with
voting rights present at the Meeting.
Abstain
Setuju 5.042.070.700 suara atau 99,93% dari
Approve seluruh saham dengan hak suara yang hadir
dalam Rapat.
5,042,070,700 votes or 99.93% of all shares
with voting rights present at the Meeting.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Keempat
Fourth Meeting Agenda
Penetapan gaji/ 1. Memberikan wewenang kepada Dewan Komisaris dalam menetapkan jumlah Sudah dilaksanakan
honorarium dan honorarium bagi anggota Dewan Komisaris Perseroan untuk tahun 2025 dengan
tunjangan bagi anggota kenaikan sebesar-besarnya 10% dari jumlah honorarium tahun 2024 dan tetap
Dewan Komisaris mempertimbangkan rekomendasi dari Komite Nominasi dan Remunerasi, dan
Perseroan, dan pemberian pembagiannya ditetapkan oleh Dewan Komisaris Perseroan melalui Rapat
wewenang kepada Dewan Komisaris, serta memberikan wewenang kepada Dewan Komisaris untuk
Dewan Komisaris pengalokasian honorarium masing-masing Dewan Komisaris dari jumlah total
untuk menetapkan tersebut, dengan mempertimbangkan kinerja Perseroan, kondisi keuangan, dan
gaji, tunjangan, tugas hasil evaluasi tahunan;
dan wewenang Direksi 2. Memberi wewenang kepada Dewan Komisaris dalam menetapkan gaji dan
Perseroan tunjangan bagi Direksi Perseroan untuk tahun 2025 dengan mempertimbangkan
rekomendasi dari Komite Nominasi dan Remunerasi, dan menetapkan pembagian
tugas dan wewenang bagi Direksi Perseroan untuk tahun 2025 yang pembagiannya
ditetapkan oleh Dewan Komisaris Perseroan;
3. Memberi wewenang kepada Dewan Komisaris untuk menetapkan bonus bagi
Direksi Perseroan dengan mempertimbangkan rekomendasi dari Komite Nominasi
dan Remunerasi.
Determination of 1. Approved to grant authority to the Board of Commissioners to determine the Has been implemented
salaries, honorarium, amount of honorarium for the members of the Board of Commissioners for 2025,
and allowances of the with a maximum increase of 10% from the 2024 honorarium amount and by
Board of Commissioners, taking into account the recommendations of the Nomination and Remuneration
and authorization to the Committee. The distribution shall be determined by the Board of Commissioners
Board of Commissioners through a Board of Commissioners Meeting, and the Board of Commissioners
to determine salaries, is also authorized to allocate the honorarium for each member of the Board
160 allowances, and the of Commissioners from the total amount, by considering the Company’s
division of duties and performance, financial condition, and the results of the annual evaluation;
authorities of the Board 2. Approved to grant authority to the Board of Commissioners to determine the
of Directors salaries and allowances for the Board of Directors for 2025 by taking into account
the recommendations of the Nomination and Remuneration Committee, and to
determine the division of duties and authorities of the Board of Directors for 2025,
the allocation of which shall be determined by the Board of Commissioners;
3. Approved to grant authority to the Board of Commissioners to determine bonuses
for the Board of Directors by taking into account the recommendations of the
Nomination and Remuneration Committee.
Tidak Setuju
Reject
Abstain
Setuju 5.044.273.600 suara atau 100% dari seluruh
Approve saham dengan hak suara yang hadir dalam Rapat.
5,044,273,600 votes or 100% of all shares with
voting rights present at the Meeting.
Mata Acara Rapat Kelima
Fifth Meeting Agenda
Laporan realisasi Untuk mata acara kelima, agenda Rapat bersifat pelaporan yang disampaikan oleh Hanya bersifat pelaporan
penggunaan dana hasil Direksi kepada Pemegang Saham Perseroan sehingga tidak dilakukan pemungutan
Penawaran Umum suara untuk pengambilan keputusan Rapat.
Report on the realization For the fifth agenda, the Meeting agenda was informational in nature and presented Reporting Purposes only
of the use of proceeds by the Board of Directors to the Shareholders; therefore, no voting was conducted to
from Public Offering adopt any resolutions.
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05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Pelaksanaan RUPS Luar Biasa 2025 Implementation of the 2025 EGMS
Pada tahun 2025, RUPS Luar biasa diselenggarakan In 2025, two Extraordinary GMS were held:
sebanyak dua kali yaitu:
1. RUPS Luar Biasa tanggal 26 Juni 2025 1. Extraordinary GMS on June 26, 2025
2. RUPS Luar Biasa tanggal 3 September 2026 2. Extraordinary GMS on September 3, 2025
Mekanisme Pengambilan Keputusan Decision-Making Mechanism
Sesuai Pasal 40 POJK 15/2020, pengambilan keputusan In accordance with Article 40 of POJK 15/2020,
dalam RUPS dilakukan secara musyawarah untuk decision-making at the GMS is conducted through
mufakat. Dalam hal mufakat tidak tercapai, maka deliberation to reach consensus. If consensus cannot be
pengambilan keputusan dilakukan melalui proses reached, decisions are made through a voting process
pemungutan suara dengan memperhatikan ketentuan by taking into account the provisions on the attendance
kuorum kehadiran dan kuorum keputusan RUPS. quorum and the GMS decision quorum.
RUPS Luar Biasa – 26 Juni 2025 Extraordinary GMS – June 26, 2025
Pada hari yang sama dengan pelaksanaan RUPST tanggal On the same date as the AGMS held on June 26, 2025,
26 Juni 2025, Perseroan turut menyelenggarakan Rapat the Company also convened an Extraordinary General
Umum Pemegang Saham Luar Biasa (RUPSLB) dengan Meeting of Shareholders (EGMS), with the same level
tingkat kehadiran manajemen dan peserta yang sama of management and shareholder attendance as the
dengan pelaksanaan RUPST. AGMS.
Hasil Keputusan RUPSLB – 26 Juni 2025 161
EGMS Resolutions – June 26, 2025
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Pertama
First Meeting Agenda
Persetujuan 1. Menyetujui pengunduran diri Bapak Sunata Tjiterosampurno selaku Komisaris berlaku Sudah dilaksanakan
perubahan efektif sejak diterimanya persetujuan OJK untuk Ibu Rofikoh Rokhim selaku Komisaris
susunan Dewan Utama/Komisaris Independen pengganti disertai dengan pemberian pembebasan dan
Komisaris pelunasan sepenuhnya (acquit et de charge) atas segala tindakan pengawasan yang
telah dilakukannya, sepanjang tindakan-tindakannya tercantum dalam neraca dan
perhitungan laba rugi tahun buku 2024, kecuali perbuatan penipuan, penggelapan atau
tindak pidana lainnya.
2. Mengangkat Ibu Rofikoh Rokhim sebagai Komisaris Utama/Komisaris Independen efektif
sejak diterimanya persetujuan dari OJK sampai dengan ditutupnya RUPS Tahunan kelima
dan mengalih-tugaskan Bapak Edy Sugito dari sebelumnya Komisaris Utama/Komisaris
Independen menjadi Komisaris Independen dengan meneruskan sisa masa jabatannya
efektif sejak diterimanya persetujuan OJK untuk Ibu Rofikoh Rokhim selaku Komisaris
Utama/Komisaris Independen pengganti. Dengan demikian, susunan anggota Direksi
dan Dewan Komisaris Perseroan menjadi sebagai berikut:
Direktur Utama : Philmon Samuel Tanuri
Direktur : David Agus
Direktur : Anung Rony Hascaryo
Komisaris Utama/Komisaris Independen : Rofikoh Rokhim*
Komisaris Independen : Edy Sugito*
*) Efektif sejak diterimanya persetujuan dari OJK
3. Menyetujui untuk memberikan kuasa kepada Direksi Perseroan dengan hak substitusi
untuk menyatakan keputusan Rapat mengenai perubahan Direksi dan/atau Dewan
Komisaris tersebut dalam akta Notaris tersendiri, memberitahukan, mendaftarkan
kepada pihak yang berwenang serta melakukan segala tindakan yang diperlukan
sehubungan dengan hal tersebut sesuai ketentuan peraturan perundang-undangan yang
berlaku.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Approval of 1. Approved the resignation of Mr. Sunata Tjiterosampurno as Commissioner, effective upon Has been implemented
changes in approval from the Financial Services Authority (OJK) of the appointment of Ms. Rofikoh
the Board of Rokhim as the replacement President Commissioner/Independent Commissioner,
Commissioners accompanied by the granting of full release and discharge (acquit et de charge) for all
supervisory actions performed during his tenure, to the extent such actions are reflected
in the balance sheet and profit and loss statement for the 2024 financial year, except for
fraud, embezzlement, or other criminal acts.
2. Appointed Ms. Rofikoh Rokhim as President Commissioner/Independent
Commissioner, effective upon obtaining approval from OJK until the closing of the
fifth Annual General Meeting of Shareholders; and reassigned Mr. Edy Sugito from
President Commissioner/Independent Commissioner to Independent Commissioner,
continuing his remaining term, effective upon OJK approval of Ms. Rofikoh Rokhim’s
appointment as the replacement President Commissioner/Independent Commissioner.
As a result, the composition of the Company’s Board of Directors and Board of
Commissioners is as follows:
President Director : Philmon Samuel Tanuri
Director : David Agus
Director : Anung Rony Hascaryo
President Commissioner/Independent Commissioner : Rofikoh Rokhim*
Independent Commissioner : Edy Sugito*
*) Effective after obtaining OJK approval
3. Approved to grant authority to the Board of Directors of the Company, with substitution
rights, to stipulate the Meeting’s resolutions regarding changes in the Board of Directors
and/or Board of Commissioners in a separate notarial deed; to notify and register such
162 changes with the competent authorities; and to perform any actions necessary in
accordance with the prevailing laws and regulations.
Tidak Setuju
Reject
Abstain
Setuju 5.044.263.600 suara atau 100% dari seluruh saham
Approve dengan hak suara yang hadir dalam Rapat.
5,044,263,600 votes or 100% of all shares with voting
rights present at the Meeting.
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05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Kedua
Second Meeting Agenda
Laporan 1. Menerima dan menyetujui studi kelayakan tentang Rencana Penambahan Kegiatan Sudah dilaksanakan
Pembahasan Usaha entitas anak Perseroan, PT Trimegah Asset Management, sebagaimana ternyata
atas laporan dalam Kantor Jasa Penilai Publik Sugianto Prasodjo dan Rekan (“SPR”), sebagai penilai
studi kelayakan independen untuk memberikan pendapat tentang rencana penambahan kegiatan
yang dibuat oleh usaha entitas anak Perseroan sesuai dengan Laporan No. 00056/2.0131-09/BS-
Kantor Jasa Penilai FS/09/0643/1/IV/2025 tanggal 29 April 2025 yang kemudian diperbarui menjadi
Independen dan Laporan No. 00075/2/0131- 09/BS-FS/09/0643/1/VI/2025 tanggal 3 Juni 2025.
persetujuan 2. Menyetujui untuk penambahan kegiatan usaha PT Trimegah Asset Management sesuai
atas rencana dengan hasil studi kelayakan tersebut.
penambahan
kegiatan usaha
entitas anak
Perseroan yaitu
PT Trimegah Asset
Management
Discussion of the 1. Acknowledged and approved the feasibility study regarding the proposed addition of Has been implemented
Feasibility Study business activities of the Company’s subsidiary, PT Trimegah Asset Management, as
Report Prepared by set out in the report issued by the Public Appraisal Services Office Sugianto Prasodjo
the Independent and Partners (“SPR”) as the independent appraiser, which provided an opinion on
Appraisal the subsidiary’s proposed business expansion. The opinion was stated in Report No.
Services Office 00056/2.0131-09/BS-FS/09/0643/1/IV/2025 dated April 29, 2025, and subsequently
and Approval of updated in Report No. 00075/2.0131-09/BS-FS/09/0643/1/VI/2025 dated June 3, 2025.
the Plan to Add 2. Approved the addition of PT Trimegah Asset Management’s business activities in
Business Activities accordance with the results of the feasibility study. 163
to the Company’s
Subsidiary, PT
Tidak Setuju
Trimegah Asset
Reject
Management
Abstain
Setuju 5.044.263.600 suara atau 100% dari seluruh saham
Approve dengan hak suara yang hadir dalam Rapat.
5,044,263,600 votes or 100% of all shares with voting
rights present at the Meeting.
RUPS Luar Biasa – 3 September 2025 Extraordinary GMS – September 3, 2025
RUPS Luar Biasa Ke-2 Tahun 2025 ini dilaksanakan The 2nd Extraordinary General Meeting of Shareholders
untuk memenuhi Pasal 50 Peraturan OJK No. 20/ (EGMS) 2025 was convened to comply with Article 50
POJK.04/2016 tentang Perizinan Perusahaan Efek yang of OJK Regulation No. 20/POJK.04/2016 on Licensing
Melakukan Kegiatan Usaha sebagai Penjamin Emisi for Securities Companies Conducting Business Activities
Efek dan Perantara Pedagang Efek serta merujuk pada as Underwriters and Brokers, and with reference to
surat OJK No. S-485/PM.02/2025 perihal Perubahan OJK Letter No. S-485/PM.02/2025 regarding Changes
Susunan Anggota Dewan Komisaris PT Trimegah in the Composition of the Board of Commissioners
Sekuritas Indonesia Tbk tanggal 14 Juli 2025. Mata of PT Trimegah Sekuritas Indonesia Tbk dated July 14,
acara pada RUPS Luar Biasa ini merupakan penegasan 2025. The agenda of this Extraordinary GMS served
atas Keputusan RUPS tanggal 26 Juni 2025 yang telah as an affirmation of the resolutions of the GMS dated
menyetujui Pengangkatan Ibu Rofikoh Rokhim selaku June 26, 2025, which approved the appointment
Komisaris Utama/Komisaris Independen, pengajuan of Ms. Rofikoh Rokhim as President Commissioner/
pengunduran diri Bapak Sunata Tjiterosampurno dan Independent Commissioner, the resignation submission
2025 Annual Report
pengalih-tugasan Bapak Edy Sugito selaku Komisaris of Mr. Sunata Tjiterosampurno, and the reassignment of
Independen. Mr. Edy Sugito as Independent Commissioner.
ON OUR PACE, RUNNING FURTHER
Page 164
05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Hari, Tanggal Rabu, 3 September 2025
Day, Date Wednesday, September 3, 2025
Waktu
10.10 – 10.23 WIB
Time
Ruang Kalimantan & Sumatera,
Gedung Artha Graha Lantai Dasar
Tempat Jl. Jend. Sudirman, Kav. 52-53 Jakarta 12190
Place Kalimantan & Sumatera Room,
Artha Graha Building Ground Floor
Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190
Kehadiran di dalam RUPSLB 2025: Attendance at the 2025 EGMS:
1) Direksi 1) Board of Directors
• Direktur: David Agus • Director: David Agus
• Direktur: Anung Rony Hascaryo • Director: Anung Rony Hascaryo
2) Dewan Komisaris 2) Board of Commissioners
• Komisaris Utama/ • President Commissioner/
Komisaris Independen: Edy Sugito Independent Commissioner: Edy Sugito
3) Pemegang saham yang hadir mewakili 3) Shareholders attending the meeting represented
164 4.426.427.400 saham atau 62,26% dari seluruh 4,426,427,400 shares, or 62.26% of all shares
lembar saham yang telah dikeluarkan oleh issued by the Company.
Perseroan.
4) Pihak Independen dan/atau Profesi Penunjang 4) Independent Party and/or Capital Market
Pasar Modal yang turut hadir di dalam RUPS dan Supporting Professionals present at the GMS who
Bertugas Melakukan Perhitungan Suara (fisik dan conducted the vote count (physical and online):
online): PT Sinartama Gunita. PT Sinartama Gunita.
Mekanisme Pengambilan Keputusan Decision-making Mechanism
Sesuai Pasal 40 POJK 15/2020, pengambilan keputusan In accordance with Article 40 of POJK 15/2020,
dalam RUPS dilakukan secara musyawarah untuk decision-making at the GMS is conducted through
mufakat. Dalam hal mufakat tidak tercapai, maka deliberation to reach consensus. If consensus cannot be
pengambilan keputusan dilakukan melalui proses reached, decisions are made through a voting process
pemungutan suara dengan memperhatikan ketentuan by taking into account the provisions on the attendance
kuorum kehadiran dan kuorum keputusan RUPS. quorum and the GMS decision quorum.
Agenda, Keputusan RUPSLB Tahun 2025, dan Agenda, Resolutions of the 2025 EGMS, and
Realisasi Keputusan Implementation
Seluruh hasil keputusan RUPSLB ke-2 tahun 2025 telah All resolutions of the 2nd EGMS of 2025 have been set
dituangkan dalam Akta No. 5 tanggal 3 September forth in Deed No. 5 dated September 3, 2025, drawn up
2025 yang dibuat di hadapan Jose Dima Satria, S.H, before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta.
M.Kn., Notaris di Jakarta.
Berikut merupakan rincian keputusan RUPSLB kedua The following outlines the resolutions of the 2nd EGMS
Tahun 2025 beserta realisasi tindak lanjutnya selama of 2025 along with the implementation of the follow-
periode pelaporan: up actions during the reporting period:
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Hasil Keputusan RUPSLB 2025
2025 EGMS Resolutions
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Pertama
First Meeting Agenda
Penegasan 1. Menegaskan kembali atas persetujuan pengunduran diri Bapak Sunata Tjiterosampurno selaku Sudah dilaksanakan
Kembali atas Komisaris berlaku efektif sejak ditutupnya RUPS ini disertai dengan pemberian pembebasan
Perubahan dan pelunasan sepenuhnya (acquit et de charge) atas segala tindakan pengawasan yang telah
Susunan dilakukannya, sepanjang tindakan-tindakannya tercantum dalam neraca dan perhitungan laba
Anggota Dewan rugi tahun buku 2024, kecuali perbuatan penipuan, penggelapan atau tindak pidana lainnya.
Komisaris 2. Menegaskan kembali atas pengangkatan Ibu Rofikoh Rokhim sebagai Komisaris Utama/
Komisaris Independen efektif sejak ditutupnya RUPS ini sampai dengan ditutupnya RUPS
Tahunan kelima dan mengalih-tugaskan Bapak Edy Sugito dari sebelumnya Komisaris
Utama/Komisaris Independen menjadi Komisaris Independen dengan meneruskan sisa masa
jabatannya efektif sejak ditutupnya RUPS ini. Dengan demikian, susunan anggota Direksi dan
Dewan Komisaris Perseroan menjadi sebagai berikut:
Direktur Utama : Philmon Samuel Tanuri
Direktur : David Agus
Direktur : Anung Rony Hascaryo
Komisaris Utama/Komisaris Independen : Rofikoh Rokhim
Komisaris Independen : Edy Sugito
3. Menegaskan kembali atas persetujuan untuk memberikan kuasa kepada anggota Direksi
Perseroan, baik sendiri-sendiri maupun secara bersama-sama dengan hak substitusi untuk
menyatakan keputusan Rapat mengenai perubahan Direksi dan/atau Dewan Komisaris 165
tersebut dalam akta Notaris tersendiri, memberitahukan, mendaftarkan kepada pihak yang
berwenang serta melakukan segala tindakan yang diperlukan sehubungan dengan hal tersebut
sesuai ketentuan peraturan perundang-undangan yang berlaku.
Reaffirmation of 1. Reaffirmed the approval of the resignation of Mr. Sunata Tjiterosampurno from his position as Has been implemented
the Change in Commissioner, effective as of the closing of this GMS, along with the granting of full release
the Composition and discharge (acquit et de charge) for all supervisory actions carried out during his tenure, to
of the Board of the extent such actions are reflected in the balance sheet and profit and loss statement for the
Commissioners 2024 financial year, except in cases of fraud, embezzlement, or other criminal acts.
2. Reaffirmed the appointment of Mrs. Rofikoh Rokhim as President Commissioner/Independent
Commissioner, effective as of the closing of this GMS until the closing of the fifth Annual GMS,
and the reassignment of Mr. Edy Sugito from his previous position as President Commissioner/
Independent Commissioner to Independent Commissioner, continuing the remaining term of
his office, effective as of the closing of this GMS. Accordingly, the composition of the Board of
Directors and Board of Commissioners of the Company is as follows:
President Director : Philmon Samuel Tanuri
Director : David Agus
Director : Anung Rony Hascaryo
President Commissioner/Independent Commissioner : Rofikoh Rokhim
Independent Commissioner : Edy Sugito
3. Reaffirmed the approval to grant authority to the members of the Board of Directors of the
Company, either individually or jointly, with the right of substitution, to state the Meeting’s
resolutions regarding changes to the Board of Directors and/or Board of Commissioners in a
separate Notarial deed, to notify and register them with the relevant authorities, and to carry out
all necessary actions in relation thereto in accordance with the prevailing laws and regulations.
Tidak Setuju
Reject
Abstain
Setuju 4.426.427.400 suara atau 100% dari seluruh
Approve saham dengan hak suara yang hadir dalam Rapat.
4,426,427,400 voting rights or 100% of all shares
2025 Annual Report
with voting rights present at the Meeting.
ON OUR PACE, RUNNING FURTHER
Page 166
05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Informasi Mengenai Keputusan RUPS Tahun Information on the Resolutions of the Previous GMS
Sebelumnya
Seluruh hasil keputusan RUPST tahun 2024 telah All resolutions of the 2024 AGMS have been fully
dilaksanakan seluruhnya selama tahun buku 2024 implemented during the 2024 financial year; therefore,
sehingga tidak ada hasil keputusan yang perlu there are no resolutions requiring further follow-up in
ditindaklanjuti di tahun 2025. 2025.
Adapun informasi mengenai keputusan dan realisasi Information regarding the decisions and realization of
RUPST 2024 dijelaskan pada bagian di bawah ini. the 2024 AGM is explained in the section below.
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Pertama
First Meeting Agenda
Persetujuan Laporan 1. Menerima dengan baik dan menyetujui Laporan Tahunan Perseroan untuk tahun Sudah dilaksanakan
Tahunan termasuk buku yang berakhir pada tanggal 31 Desember 2023 termasuk Laporan Tahunan
Laporan Tahunan Direksi, Laporan Pengawasan Dewan Komisaris untuk tahun 2023, serta;
Direksi, Laporan 2. Menerima dengan baik, menyetujui dan mengesahkan Laporan Keuangan serta
Tugas Pengawasan neraca dan perhitungan laba/rugi Perseroan untuk tahun buku yang berakhir
Dewan Komisaris, dan pada tanggal 31 Desember 2023 yang telah diaudit oleh Kantor Akuntan
pengesahan Laporan Publik Purwantono, Sungkoro, & Surja, sesuai laporan Nomor 00179/2.1032/
Keuangan Tahun Buku AU.1/09/0242-2/1/III/2024 tanggal 8 Maret 2024 dengan pendapat “Wajar
166 2023 dalam Semua Hal yang Material”, dengan demikian membebaskan anggota
Direksi dan Dewan Komisaris Perseroan dari tanggung jawab dan segala
tanggungan sepenuhnya (volledig acquit et de charge) atas tindakan pengurusan
dan pengawasan yang telah mereka jalankan selama tahun buku 2023, sepanjang
tindakan-tindakan mereka tercantum dalam neraca dan perhitungan laba rugi
tahun buku 2023, kecuali perbuatan penipuan, penggelapan atau tindak pidana
lainnya.
Approval of Annual 1. Well accepted and approved the Company’s Annual Report for the financial year Has been implemented
Report including Annual ended on December 31, 2023, including Annual Report of the Board of Directors,
Report of the Board of and Supervisory Report of the Board of Commissioners for the year 2023; and
Directors, Supervisory 2. Well accepted, approved, and ratified the Company’s Financial Statements and
Report of the Board of balance sheet, and profit/loss statement for the financial year ended on December
Commissioners, and 31, 2023, audited by Public Accounting Firm Purwantono, Sungkoro & Surja,
Ratification of Financial according to the report Number: 00179/2.1032/AU.1/09/0242-2/1/III/2024 dated
Statements of the 2023 March 8, 202,4 with a “Fair in All Material Respects” opinion, thus acquitting
Financial Year the members of the Board of Directors and the Board of Commissioners of the
Company of responsibilities and liabilities (volledig acquit et de charge) for the
management and supervision actions carried out in the financial year 2023, as
long as their actions were stated in the balance sheet and profit/loss statement
financial year 2023, and were not considered an act of embezzlement, fraud, and
other criminal acts.
Tidak Setuju 2.000 suara atau 0,00005% dari seluruh
Reject saham dengan hak suara yang hadir.
2,000 voting rights or 0.00005% of all
shares with voting rights of the attendees.
Abstain
Setuju 3.660.786.400 suara atau 99,99% dari
Approve seluruh saham dengan hak suara yang hadir.
3,660,786,400 voting rights or 99.99% of all
shares with voting rights of the attendees.
PT Trimegah Sekuritas Indonesia Tbk
Page 167
05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Kedua
Second Meeting Agenda
Penetapan penggunaan Menyetujui penetapan penggunaan laba bersih tahun buku 2023 Perseroan sebesar Sudah dilaksanakan
laba bersih Perseroan Rp162.514.168.604 untuk dipergunakan sebagai berikut:
Tahun Buku 2023 1. Sebesar Rp1.000.000.000,00 digunakan sebagai “Dana Cadangan” sebagaimana
dimaksud dalam Pasal 70 ayat 1 UU Nomor: 40 Tahun 2007;
2. Sisanya dimasukkan sebagai laba yang ditahan untuk memperkuat struktur
permodalan Perseroan.
Determination of the Approved the determination of the use of the Company’s net profit of the financial year Has been implemented
use of the Company’s 2023 amounting to Rp162,514,168.604 as follows:
net profit for the 2023 1. Rp1,000,000,000 for “Reserves” as referred to Article 70 paragraph 1, Law No. 40
Financial Year Year 2007; and
2. The remaining will be used as retained earnings to strengthen the Company’s
capital structure.
Tidak Setuju 2.000 suara atau 0,00005% dari seluruh saham
Reject dengan hak suara yang hadir.
2,000 voting rights or 0.00005% of all shares
with voting rights of the attendees.
Abstain
Setuju 3.660.786.400 suara atau 99,99% dari seluruh
Approve saham dengan hak suara yang hadir. 167
3,660,786,400 voting rights or 99.99% of all
shares with voting rights of the attendees.
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 168
05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Ketiga
Third Meeting Agenda
Penunjukan Akuntan 1. Menyetujui mendelegasikan kewenangan penunjukan Akuntan Publik dan/ Sudah dilaksanakan
Publik (“AP”) dan/ atau Kantor Akuntan Publik yang akan melakukan audit atas Laporan
atau Kantor Akuntan Keuangan Perseroan untuk tahun buku 2024 kepada Dewan Komisaris dengan
Publik (“KAP”) untuk memperhatikan rekomendasi Komite Audit mengenai pemilihan Akuntan Publik
mengaudit Laporan dan Kantor Akuntan Publik. Proses pemilihan Akuntan Publik dan/atau Kantor
Keuangan Perseroan Akuntan Publik Perseroan akan didasarkan pada kriteria, antara lain:
untuk Tahun Buku yang • Terdaftar pada Otoritas Jasa Keuangan;
berakhir pada tanggal 31 • Memiliki kompetensi dan pengalaman dalam memberikan jasa audit laporan
Desember 2024 keuangan perusahaan terbuka yang bergerak di bidang pasar modal atau
perusahaan efek, dan memahami kompleksitas usaha Perseroan;
• Independen terhadap grup Perseroan;
2. Memberi kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk
menetapkan besarnya honorarium dan persyaratan lainnya, sehubungan
dengan penunjukan Akuntan Publik dan Kantor Akuntan Publik tersebut dengan
memperhatikan rekomendasi dari Komite Audit;
3. Dalam hal Akuntan Publik dan Kantor Akuntan Publik yang ditunjuk tersebut
karena sesuatu alasan tidak dapat melaksanakan tugasnya, memberikan
wewenang kepada Dewan Komisaris untuk menunjuk Akuntan Publik dan Kantor
Akuntan Publik lain yang memiliki kompetensi dan pengalaman dalam bisnis
Perseroan dan terdaftar di OJK.
Appointment of Public 1. Approved to delegate the authority to appoint a Public Accountant and/or Has been implemented
Accountant and/or Public Accounting Firm that will audit the Company’s Financial Statements
Public Accounting Firm for the financial year 2024 to the Board of Commissioners, taking into account
168 to Audit the Company’s the recommendations of the Audit Committee regarding the selection of
Financial Statements for Public Accountants and Public Accounting Firms. The selection process for the
the Financial Year ended Company’s Public Accountant and/or Public Accounting Firm will be based on the
on December 31, 2024 following criteria, among others:
• Registered in the Financial Services Authority;
• Have competence and experience in providing audit services for financial
statements of public companies engaged in the capital market or securities
companies, and understand the complexity of the Company’s business;
• Independent from the Company’s group.
2. Granted power and authority to the Board of Commissioners of the Company
to determine the honorarium and other requirements, in connection with the
appointment of the Public Accountant and Public Accounting Firm by considering
the recommendations of the Audit Committee.
3. In the event that the appointed Public Accountant and Public Accounting Firm for
some reason cannot carry out their duties, authorize the Board of Commissioners
to appoint another Public Accountant and Public Accounting Firm that has
competence and experience in the Company’s business and registered in the
Financial Services Authority (OJK).
Tidak Setuju 2.000 suara atau 0,00005% dari seluruh saham
Reject dengan hak suara yang hadir
2,000 voting rights or 0.00005% of all shares
with voting rights of the attendees
Abstain
Setuju 3.660.786.400 suara atau 99,99% dari
Approve seluruh saham dengan hak suara yang hadir
3,660,786,400 voting rights or 99.99% of all
shares with voting rights of the attendees
PT Trimegah Sekuritas Indonesia Tbk
Page 169
05 CORPORATE GOVERNANCE
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Keempat
Fourth Meeting Agenda
Penetapan gaji/ 1. Memberi wewenang kepada Dewan Komisaris dalam menetapkan jumlah Sudah dilaksanakan
honorarium dan honorarium bagi anggota Dewan Komisaris Perseroan untuk tahun 2024 dengan
tunjangan bagi anggota kenaikan sebesar-besarnya 10% dari jumlah honorarium tahun 2023 dan tetap
Dewan Komisaris mempertimbangkan rekomendasi dari Komite Nominasi dan Remunerasi, dan
Perseroan, dan pembagiannya ditetapkan oleh Dewan Komisaris Perseroan melalui Rapat
pemberian wewenang Dewan Komisaris, serta memberikan wewenang kepada Dewan Komisaris untuk
kepada Dewan Komisaris pengalokasian honorarium masing-masing Dewan Komisaris dari jumlah total
untuk menetapkan tersebut;
gaji, tunjangan, tugas 2. Memberi wewenang kepada Dewan Komisaris dalam menetapkan gaji dan
dan wewenang Direksi tunjangan bagi Direksi Perseroan untuk tahun 2024 dengan mempertimbangkan
Perseroan rekomendasi dari Komite Nominasi dan Remunerasi, dan menetapkan pembagian
tugas dan wewenang bagi Direksi Perseroan untuk tahun 2024 yang pembagiannya
ditetapkan oleh Dewan Komisaris Perseroan;
3. Memberi wewenang kepada Dewan Komisaris untuk menetapkan bonus bagi
Direksi Perseroan dengan mempertimbangkan rekomendasi dari Komite Nominasi
dan Remunerasi.
Determination of 1. Approved to grant authority to the Board of Commissioners to determine Has been implemented
salaries and allowances the amount of honorarium for members of the Board of Commissioners of
of the members of the the Company for 2024 with a maximum increase of 10% from the amount of
Board of Commissioners honorarium in 2023 by taking recommendations from the Nomination and
of the Company, Remuneration Committee into consideration, and the distribution is determined
and delegation of by the Board of Commissioners of the Company through a meeting the Board of
authorities to the Board Commissioners, as well as to grant authority to the Board of Commissioners to
of Commissioners to allocate honorarium for each Board of Commissioners from the total amount; 169
determine salaries, 2. Approved to grant authority to the Board of Commissioners to determine the
allowances, and division salary and benefits for the Board of Directors of the Company for 2024 by taking
of duties and authorities
the recommendations from the Nomination and Remuneration Committee into
of the Board of Directors
consideration, and determine the division of duties and authorities for the Board
of Directors of the Company for 2024, the division of which is determined by the
Board of Commissioners of the Company;
3. Approved to authorize the Board of Commissioners to determine bonuses for
the Board of Directors of the Company by taking the recommendations from the
Nomination and Remuneration Committee into consideration.
Tidak Setuju 2.000 suara atau 0,00005% dari seluruh
Reject saham dengan hak suara yang hadir.
2,000 voting rights or 0.00005% of all
shares with voting rights of the attendees.
Abstain
Setuju 3.660.786.400 suara atau 99,99% dari
Approve seluruh saham dengan hak suara yang hadir.
3,660,786,400 voting rights or 99.99%
of all shares with voting rights of the
attendees.
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 170
05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Mata Acara Keputusan Status Pelaksanaan
Meeting Agenda Resolutions Implementation Status
Mata Acara Rapat Kelima
Fifth Meeting Agenda
Persetujuan Perubahan 1. Menyetujui pengangkatan kembali David Agus selaku Direktur Perseroan, dan Sudah dilaksanakan
Susunan Direksi mengangkat Anung Rony Hascaryo sebagai Direktur Perseroan, yang berlaku
efektif sejak ditutupnya Rapat ini sampai dengan ditutupnya RUPS Tahunan
kelima sejak pengangkatannya. Dengan demikian, susunan anggota Direksi dan
Dewan Komisaris Perseroan menjadi sebagai berikut:
Direktur Utama : Philmon Samuel Tanuri
Direktur : David Agus
Direktur : Anung Rony Hascaryo
President Commissioner/Independent Commissioner : Edy Sugito
Independent Commissioner : Sunata Tjiterosampurno
2. Menyetujui untuk memberikan kuasa kepada Direksi Perseroan dengan hak
substitusi untuk menyatakan keputusan Rapat mengenai perubahan Direksi dan/
atau Dewan Komisaris tersebut dalam akta Notaris tersendiri, memberitahukan,
mendaftarkan kepada pihak yang berwenang serta melakukan segala tindakan
yang diperlukan sehubungan dengan hal tersebut sesuai ketentuan peraturan
perundang-undangan yang berlaku.
Approval of changes in 1. Approved to reappoint David Agus as Director of the Company and appoint Has been implemented
the Board of Directors Anung Rony Hascaryo as Director of the Company, as of the closing date of this
Meeting until the closing of the fifth Annual General Meeting of Shareholders
170 since his appointment. Therefore, the composition of the Company’s Board of
Directors is as follows:
President Director : Philmon Samuel Tanuri
Director : David Agus
Director : Anung Rony Hascaryo
President Commissioner/Independent Commissioner : Edy Sugito
Independent Commissioner : Sunata Tjiterosampurno
2. Approved to grant authority to the Board of Directors of the Company with the
rights of substitution to declare the Meeting’s resolutions regarding the changes
to the Board of Directors and/or Board of Commissioners in a separate notarial
deed, notify, register with the authorities and take all necessary actions in this
regard in accordance with the provisions of the prevailing regulation.
Tidak Setuju 2.000 suara atau 0,00005% dari seluruh
Reject saham dengan hak suara yang hadir.
2,000 voting rights or 0.00005% of all
shares with voting rights of the attendees.
Abstain
Setuju 3.660.786.400 suara atau 99,99% dari
Approve seluruh saham dengan hak suara yang hadir.
3,660,786,400 voting rights or 99.99% of all
shares with voting rights of the attendees.
Mata Acara Rapat Keenam
Sixth Meeting Agenda
Laporan realisasi Untuk mata acara keenam, agenda Rapat bersifat pelaporan yang disampaikan oleh Hanya bersifat Pelaporan
penggunaan dana hasil Direksi kepada Pemegang Saham Perseroan sehingga tidak dilakukan pemungutan
Penawaran Umum. suara untuk pengambilan keputusan Rapat.
Report on the realization The sixth agenda, the Meeting agenda is a report presented by the Board of Directors Reporting purposes only
of the use of proceeds to the Company’s Shareholders; therefore no voting was carried out to make decisions
from Public Offering at the Meeting.
PT Trimegah Sekuritas Indonesia Tbk
Page 171
05 CORPORATE GOVERNANCE
Direksi
Board of Directors
Direksi memegang peranan strategis dalam The Board of Directors plays a strategic role in
mengarahkan, mengelola, dan mengendalikan kegiatan directing, managing, and controlling the Company’s
operasional perusahaan agar sejalan dengan visi, misi, operational activities to ensure alignment with its
serta tujuan yang ditetapkan. Dalam melaksanakan established vision, mission, and objectives. In carrying
tugasnya, Direksi memiliki kewenangan untuk mewakili out its duties, the Board of Directors is vested with
Perseroan baik di dalam, maupun di luar pengadilan the authority to represent the Company both inside
sesuai dengan ketentuan Anggaran Dasar dan peraturan and outside court proceedings in accordance with the
perundang-undangan yang berlaku. provisions of the Articles of Association and prevailing
laws and regulations.
Pedoman dan Tata Tertib Kerja Direksi Board of Directors’ Charter
Perseroan memiliki Pedoman dan Tata Tertib Kerja The Company has established a Board of Directors’
Direksi sebagai acuan bagi seluruh anggota Direksi Charter as a guiding reference for all members of
dalam menjalankan tugas, tanggung jawab, dan the Board of Directors in carrying out their duties,
wewenangnya. Pedoman ini disusun untuk memastikan responsibilities, and authorities. This Charter is
setiap keputusan dan tindakan Direksi dilakukan secara designed to ensure that every decision and action taken
profesional, transparan, serta berlandaskan prinsip- by the Board of Directors is conducted in a professional
prinsip tata kelola yang baik. and transparent manner and in accordance with the
principles of Good Corporate Governance (GCG).
Penyusunan Pedoman dan Tata Tertib Kerja Direksi The Board of Directors’ Charter has been formulated
dilakukan dengan mengacu pada ketentuan peraturan in compliance with prevailing laws and regulations,
perundang-undangan yang berlaku, di antaranya including Law No. 40 of 2007 on Limited Liability 171
Undang-Undang Nomor 40 Tahun 2007 tentang Companies, Law No. 8 of 1995 on Capital Markets,
Perseroan Terbatas, Undang-Undang Nomor 8 Tahun Financial Services Authority Regulation (POJK) No.
1995 tentang Pasar Modal, POJK No. 33/POJK.04/2014 33/POJK.04/2014 (“POJK 33/2014”) on the Board of
(“POJK 33/2014”) tentang Direksi dan Dewan Komisaris Directors and Board of Commissioners of Issuers or
Emiten atau Perusahaan Publik, serta Anggaran Dasar Public Companies, as well as the Company’s Articles of
Perseroan beserta seluruh perubahannya. Association and all amendments thereto.
Pokok-pokok yang diatur dalam Pedoman dan Tata The principal matters governed under the Board of
Tertib Kerja, antara lain meliputi: Directors’ Charter include, among others:
1. Tujuan 1. Purpose
2. Definisi 2. Definitions
3. Keanggotaan Direksi 3. Composition of the Board of Directors
4. Persyaratan 4. Eligibility Requirements
5. Masa Jabatan 5. Term of Office
6. Pemberhentian Sementara 6. Temporary Suspension
7. Waktu Kerja 7. Working Hours
8. Tugas, Tanggung Jawab, dan Kewenangan 8. Duties, Responsibilities, and Authorities
9. Benturan Kepentingan 9. Conflict of Interest
10. Aspek Transparansi 10. Transparency Aspects
11. Rapat 11. Meetings
12. Pelaporan dan Pertanggungjawaban 12. Reporting and Accountability
13. Etika 13. Code of Ethics
14. Penutup 14. Closing Provisions
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Laporan Tahunan 2025
Direksi
Board of Directors
Komposisi, Susunan, dan Periode Jabatan Direksi Composition, Structure, and Term of Office of
Tahun 2025 the Board of Directors in 2025
Sesuai dengan ketentuan Pasal 16 Anggaran Dasar In accordance with Article 16 of the Company’s Articles
Perseroan, masa jabatan anggota Direksi berlaku of Association, the term of office of each member of
efektif sejak tanggal pengangkatannya sebagaimana the Board of Directors becomes effective as of the date
ditetapkan dalam RUPS dan berakhir pada penutupan of appointment as resolved by the General Meeting of
RUPS Tahunan ke-5 setelah pengangkatannya dengan Shareholders (GMS) and expires at the closing of the
tetap memperhatikan ketentuan OJK dan peraturan fifth Annual GMS following such appointment, with due
perundang-undangan yang berlaku. Anggota Direksi observance of OJK regulations and prevailing laws and
yang masa jabatannya berakhir dapat diangkat kembali regulations. Members of the Board of Directors whose
berdasarkan keputusan RUPS. terms of office have expired may be reappointed based
on a resolution of the GMS.
Sepanjang tahun 2025, tidak terdapat perubahan Throughout 2025, there were no changes to the
dalam susunan Direksi Perseroan. Dengan demikian, composition of the Company’s Board of Directors.
komposisi Direksi Perseroan pada tahun 2025 adalah Accordingly, the composition of the Company’s Board
sebagai berikut: of Directors in 2025 is as follows:
Komposisi Direksi 1 Januari 2025 – 31 Desember 2025
Composition of the Board of Directors as of January 1, 2025 – December 31, 2025
172 Nama Jabatan Dasar Pengangkatan Masa Jabatan Periode
Name Position Basis of Appointment Term of Office Period
Philmon Direktur Diangkat pertama kali sebagai Direktur Utama Perseroan dalam 27 Juli 2022 – Periode
Samuel Tanuri Utama Rapat Umum Pemegang Saham Tahunan pada tanggal 27 Juli Penutupan RUPS Pertama
2022 seperti dinyatakan dalam Akta No. 168 tertanggal 27 Juli Tahunan 2027
2022 tentang Pernyataan Keputusan Rapat Umum Pemegang
Saham Tahunan.
President Appointed for the first time as President Director of the July 27, 2022 – First
Director Company at the Annual General Meeting of Shareholders held Closing of the Period
on July 27, 2022, as stated in Deed No. 168 dated July 27, 2022 2027 Annual
concerning the Statement of Resolutions of the Annual General General Meeting
Meeting of Shareholders. of Shareholders
David Agus Direktur • Diangkat sebagai Direktur/Direktur Independen Perseroan 14 Mei 2014 – Periode
dalam Rapat Umum Pemegang Saham Tahunan tanggal 14 Penutupan RUPS Ketiga
Mei 2014 seperti dinyatakan dalam Akta No. 46 tanggal Tahunan 2029
14 Mei 2014 tentang Pernyataan Keputusan Rapat Umum
Pemegang Saham Tahunan, yang ditegaskan Kembali dengan
Akta No. 14 tertanggal 14 Agustus 2014 tentang Pernyataan
Keputusan Rapat Umum Pemegang Saham Tahunan.
• Diangkat kembali dalam Rapat Umum Pemegang Saham
Tahunan sebagai Direktur Perseroan pada tanggal 25 Juni
2019 seperti dinyatakan dalam Akta No. 58 tertanggal 25
Juni 2019 tentang Pernyataan Keputusan Rapat Umum
Pemegang Saham Tahunan.
• Diangkat kembali sebagai Direktur Perseroan dalam Rapat
Umum Pemegang Saham Tahunan tanggal 26 Juni 2024
seperti dinyatakan dalam Akta No. 219 tertanggal 26 Juni
2024 tentang Pernyataan Keputusan Rapat.
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Nama Jabatan Dasar Pengangkatan Masa Jabatan Periode
Name Position Basis of Appointment Term of Office Period
Director • Appointed as Director/Independent Director of the May 14, 2014 – Third
Company at the Annual General Meeting of Shareholders Closing of the Period
held on May 14, 2014, as stated in Deed No. 46 dated May 2029 Annual
14, 2014 concerning the Statement of Resolutions of the General Meeting
Annual General Meeting of Shareholders, as reaffirmed by of Shareholders
Deed No. 14 dated August 14, 2014.
• Reappointed as Director of the Company at the Annual
General Meeting of Shareholders held on June 25, 2019, as
stated in Deed No. 58 dated June 25, 2019 concerning the
Statement of Resolutions of the Annual General Meeting of
Shareholders.
• Reappointed as Director of the Company at the Annual
General Meeting of Shareholders held on June 26, 2024, as
stated in Deed No. 219 dated June 26, 2024 concerning the
Statement of Resolutions of the Meeting.
Anung Rony Direktur Diangkat sebagai Direktur Perseroan dalam Rapat Umum 26 Juni 2024 – Periode
Hascaryo Pemegang Saham Tahunan tanggal 26 Juni 2024 seperti Penutupan RUPS Pertama
dinyatakan dalam Akta No. 219 tanggal 26 Juni 2024 tentang Tahunan 2029
Pernyataan Keputusan Rapat.
Director Appointed as Director of the Company at the Annual General June 26, 2024 First
Meeting of Shareholders held on June 26, 2024, as stated in – Closing of the Period
Deed No. 219 dated June 26, 2024 concerning the Statement of 2029 Annual 173
Resolutions of the Meeting. General Meeting
of Shareholders
Penilaian Kemampuan dan Kepatutan oleh Fit and Proper Test by the Regulator
Regulator
Setiap anggota Direksi Perseroan yang menjabat wajib Each member of the Company’s Board of Directors
memperoleh persetujuan dari OJK sebagaimana diatur is required to obtain approval from the OJK as
dalam POJK No. 27/POJK.03/2016 (“POJK 27/2016”) stipulated in POJK No. 27/POJK.03/2016 (“POJK
tentang Penilaian Kemampuan dan Kepatutan bagi 27/2016”) concerning Fit and Proper Testing for
Pihak Utama Lembaga Jasa Keuangan, POJK No. 57/ Primary Parties of Financial Services Institutions; POJK
POJK.04/2017 (“POJK 57/2017”) tentang Penerapan No. 57/POJK.04/2017 (“POJK 57/2017”) concerning
Tata Kelola Perusahaan Efek, serta SEOJK No. 57/ the Implementation of Governance for Securities
SEOJK.04/2017 (“SEOJK 57/2017”) mengenai Penilaian Companies; and SEOJK No. 57/SEOJK.04/2017
Kemampuan dan Kepatutan bagi Calon Pihak Utama (“SEOJK 57/2017”) regarding Fit and Proper Testing for
Perusahaan Efek. Prospective Primary Parties of Securities Companies.
Berdasarkan ketentuan tersebut, Perseroan memastikan In accordance with these provisions, the Company
bahwa seluruh anggota Direksi telah menjalani proses ensures that all members of the Board of Directors
uji kemampuan dan kepatutan (fit and proper test) have undergone a comprehensive fit and proper test,
secara menyeluruh, dinyatakan lulus, dan memperoleh been declared passed, and obtained official approval
persetujuan resmi dari OJK sebelum melaksanakan from the OJK prior to performing their duties and
tugas serta tanggung jawabnya. responsibilities.
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Direksi
Board of Directors
Berikut ini adalah informasi Uji Kemampuan dan The following section provides information on the Fit
Kepatutan anggota Direksi Perseroan: and Proper Test for members of the Company’s Board
of Directors:
Tanggal Lulus Uji Kemampuan
Nama Jabatan dan Kepatutan Keterangan
Name Position Completion Date of Fit and Remarks
Proper Test
Philmon Samuel Direktur 15 Juli 2022 Persetujuan OJK dalam Surat OJK Nomor
Tanuri Utama S-617/PM.21/2022
President July 15, 2022 OJK Approval through OJK Letter Number
Director S-617/PM.21/2022
David Agus Direktur 20 November 2013 Persetujuan OJK dalam Surat OJK Nomor
S-443/PM.2/2013
Director November 20, 2013 OJK Approval through OJK Letter Number
S-443/PM.2/2013
30 Desember 2022 Persetujuan OJK dalam Surat OJK Nomor
S-1212/ PM.21/2022.*
December 30, 2022 OJK Approval in OJK Letter Number S-1212/
PM.21/2022.*
Anung Rony Direktur 24 April 2024 Persetujuan OJK dalam Surat OJK Nomor
174 Hascaryo S-410/PM.02/2024
Director April 24, 2024 OJK Approval through OJK Letter Number
S-410/PM.02/2024
Catatan/Notes:
*) Penilaian Kemampuan dan Kepatutan dalam rangka perubahan ruang lingkup tanggung jawab atas Divisi yang dibawahi.
Fit and Proper Test conducted in relation to the change in the scope of responsibilities for Division under his supervision.
Tugas dan Tanggung Jawab Direksi Duties and Responsibilities of the Board of
Directors
Mengacu pada Anggaran Dasar serta Pedoman dan Referring to the Articles of Association as well as the
Tata Tertib Kerja Direksi, seluruh anggota Direksi Guidelines and Work Procedures for the Board of
melaksanakan tugas dan tanggung jawab berikut: Directors, all members of the Board of Directors carry
out the following duties and responsibilities:
1. Direksi bertanggung jawab atas masing-masing 1. The Board of Directors is responsible for each
fungsi yang dibawahinya berdasarkan struktur function under its supervision based on the
organisasi. organizational structure.
2. Direksi bertugas menjalankan dan bertanggung 2. The Board of Directors is tasked with managing
jawab atas pengurusan Perusahaan untuk and being accountable for the management of
kepentingan Perusahaan sesuai dengan maksud the Company in the interests of the Company
dan tujuan yang ditetapkan dalam anggaran dasar. in accordance with the purposes and objectives
stipulated in the Articles of Association.
3. Dalam menjalankan tugas dan tanggung jawab 3. In carrying out their management duties and
atas pengurusan, Direksi wajib menyelenggarakan responsibilities, the Board of Directors must
RUPS Tahunan dan RUPS lainnya sebagaimana convene the Annual GMS and other GMS as
diatur dalam peraturan perundang-undangan dan stipulated in laws and regulations and the Articles
Anggaran Dasar. of Association.
4. Direksi wajib melaksanakan pengurusan dengan 4. The Board of Directors must perform management
itikad baik, kehati-hatian dan penuh tanggung duties in good faith, with prudence, and full
jawab. responsibility.
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5. Direksi wajib memastikan penerapan Tata Kelola 5. The Board of Directors must ensure the
Perusahaan dalam setiap kegiatan usaha pada implementation of Corporate Governance
seluruh tingkatan atau jenjang organisasi. in all business activities at every level of the
organization.
6. Direksi mewakili Perusahaan secara sah dan secara 6. The Board of Directors legally and directly
langsung baik di dalam maupun di luar pengadilan represents the Company both inside and outside
tentang segala hal dan dalam segala kejadian, the courts in all matters and events, binds the
mengikat Perusahaan dengan pihak lain dan pihak Company with other parties and other parties with
lain dengan Perusahaan, serta menjalankan segala the Company, and performs all actions related
tindakan, baik yang mengenai kepengurusan to management and ownership, subject to the
maupun kepemilikan, dengan pembatasan sesuai limitations set forth in the Company’s Articles of
anggaran dasar Perusahaan. Association.
7. Direksi wajib memastikan bahwa komite dan/atau 7. The Board of Directors must ensure that
unit pendukung Direksi menjalankan tugasnya committees and/or supporting units of the Board
secara efektif. of Directors perform their duties effectively.
8. Direksi wajib mengadakan rapat direksi paling 8. The Board of Directors must hold Board of
sedikit 1 kali setiap 2 bulan. Directors meetings at least once every 2 months.
9. Direksi wajib mengadakan rapat direksi bersama 9. The Board of Directors must hold joint meetings
dewan komisaris secara berkala paling kurang 1 with the Board of Commissioners regularly at least
kali dalam 4 bulan. once every 4 months.
10. Dalam rangka meningkatkan pengetahuan dan 10. To enhance knowledge and understanding in
pemahaman untuk membantu pelaksanaan tugas, support of their duties, the Board of Directors must
Direksi wajib mengikuti program pendidikan participate in continuous education programs.
175
berkelanjutan.
11. Direksi wajib memenuhi seluruh tugas dan 11. The Board of Directors must fulfill all duties and
kewenangan sebagaimana diatur dalam peraturan authorities as stipulated in laws and regulations as
perundang-undangan maupun peraturan regulator well as other regulatory provisions, both current
lainnya, yang ada saat ini maupun yang akan ada and future.
di kemudian hari.
Ruang Lingkup Tanggung Jawab Anggota Direksi Scope of Responsibilities of the Board of
Directors
Berikut ini adalah lingkup pembagian tugas dan The following is the segregation of duties and
tanggung jawab Direksi berdasarkan struktur organisasi: responsibilities of the Board of Directors based on the
organizational Structure:
Nama Jabatan Ruang Lingkup Tanggung Jawab
Name Position Scope of Responsibilities
Philmon Direktur Divisi Research, Divisi Internal Audit, Divisi Legal, Divisi Corporate Strategy, Divisi
Samuel Tanuri Utama Corporate Secretary, Divisi Marketing Communications, Divisi Human Capital &
General Affairs, Divisi Information Technology, Divisi Accounting, Tax & Finance,
Divisi Operations, Divisi Corporate Risk Management & Anti-Fraud, dan Divisi
Compliance & Penanggung jawab APU-PPT & PPPSPM.
President Research Division, Internal Audit Division, Legal Division, Corporate Strategy
Director Division, Corporate Secretary Division, Marketing Communications Division,
Human Capital & General Affairs Division, Divisi Information Technology,
Accounting, Tax & Finance Division, Operations Division, Corporate Risk
Management & Anti-Fraud Division, and Compliance Division & PIC for AML-
CFT and CPF Program.
David Agus Direktur Divisi Investment Banking, Divisi Equity Trading, dan Divisi Securities Financing.
2025 Annual Report
Director Investment Banking Division, Equity Trading Division, and Securities Financing
Division.
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Direksi
Board of Directors
Nama Jabatan Ruang Lingkup Tanggung Jawab
Name Position Scope of Responsibilities
Anung Rony Direktur Divisi Primary Market & Origination, Divisi Retail & Partnership Fixed Income
Hascaryo Market dan Divisi Secondary Market & Proprietary Book.
Director Primary Market & Origination Division, Retail & Partnership Fixed Income
Market Division, and Secondary Market & Proprietary Book Division.
Keberagaman Komposisi Direksi Diversity in the Composition of the Board of
Directors
Dalam rangka menindaklanjuti rekomendasi OJK In line with the recommendations of the OJK as set
sebagaimana tertuang dalam Lampiran Surat Edaran out in the Appendix to OJK Circular Letter No. 32/
OJK No. 32/SEOJK.04/2015 tentang Pedoman Tata SEOJK.04/2015 on the Public Company Governance
Kelola Perusahaan Terbuka, Perseroan menekankan Guidelines, the Company emphasizes the importance
pentingnya keberagaman dalam komposisi Direksi. of diversity in the composition of the Board of Directors.
Sepanjang tahun 2025, komposisi Direksi Perseroan Throughout 2025, the composition of the Company’s
telah mencerminkan keberagaman, baik dari segi Board of Directors reflected diversity in terms of
pengalaman maupun keahlian. Kompetensi masing- experience and expertise. The competencies of each
masing anggota Direksi berperan penting dalam member of the Board of Directors play an important
mendukung pelaksanaan fungsi pengurusan Perseroan role in supporting the effective and synergistic
secara efektif dan sinergis. Informasi lebih lengkap execution of the Company’s management functions.
176 mengenai keberagaman Direksi dapat dilihat pada profil More detailed information on the diversity of the Board
masing-masing anggota di Bab Profil Perusahaan. of Directors is presented in the profiles of each member
in the Company Profile chapter.
Rapat Direksi Meeting of the Board of Directors
Kebijakan Pelaksanaan Rapat Policy on Meeting Implementation
Direksi secara berkala mengadakan rapat untuk The Board of Directors convenes meetings on a
membahas berbagai hal terkait pengelolaan dan regular basis to discuss various matters related to
kegiatan bisnis Perseroan. Berdasarkan ketentuan POJK the Company’s management and business activities.
33/2014, Rapat Direksi wajib dilaksanakan minimal Pursuant to the provisions of POJK 33/2014, meetings
satu kali setiap bulan atau 12 kali dalam setahun. of the Board of Directors must be held at least once a
Selaras dengan ketentuan tersebut, Anggaran Dasar month or 12 times a year. In line with these provisions,
serta Pedoman dan Tata Tertib Kerja Direksi Perseroan the Company’s Articles of Association as well as the
menetapkan bahwa rapat dapat diselenggarakan kapan Board of Directors’ Charter and Rules of Procedure
pun diperlukan oleh satu atau lebih anggota Direksi stipulate that meetings may be convened at any time
baik atas permintaan tertulis Dewan Komisaris atau as deemed necessary by one or more members of the
atas permintaan tertulis dari satu atau lebih pemegang Board of Directors, either at the written request of the
saham yang bersama-sama mewakili sekurang- Board of Commissioners or at the written request of
kurangnya 1/10 (satu per sepuluh) dari jumlah seluruh one or more shareholders jointly representing at least
saham dengan hak suara sah. 1/10 (one-tenth) of the total shares with valid voting
rights.
Rapat Direksi dianggap sah dan berwenang mengambil A meeting of the Board of Directors shall be deemed
keputusan apabila lebih dari setengah jumlah anggota valid and authorized to adopt resolutions if more than
Direksi hadir atau diwakili dalam rapat. Pengambilan half of the members of the Board of Directors are
keputusan dilakukan berdasarkan musyawarah present or duly represented. Resolutions are adopted
mufakat; apabila musyawarah mufakat tidak tercapai, based on deliberation to reach consensus; should
keputusan ditetapkan berdasarkan suara terbanyak, consensus not be achieved, resolutions shall be passed
yaitu disetujui oleh lebih dari setengah anggota Direksi by a majority vote, namely approval of more than half
yang hadir. of the members of the Board of Directors present at the
meeting.
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Board of Directors
Keputusan yang diambil dalam rapat ini bersifat Resolutions adopted at such meetings are binding on
mengikat bagi seluruh anggota Direksi dan menjadi all members of the Board of Directors and serve as a
dasar pelaksanaan tugas pengurusan Perseroan. basis for the execution of the Company’s management
duties.
Selain melalui rapat, Direksi juga dapat mengambil In addition to meetings, the Board of Directors may also
keputusan yang sah dan mengikat secara tertulis adopt valid and binding written resolutions provided
dengan syarat seluruh anggota telah diberitahukan, that all members have been duly notified, have
memberikan persetujuan, dan menandatangani usul granted their approval, and have signed the proposed
yang diajukan. Rapat Direksi dapat dilakukan melalui resolution. Meetings of the Board of Directors may be
telekonferensi, video konferensi, atau media elektronik conducted via teleconference, video conference, or
lain yang memungkinkan semua peserta saling melihat other electronic means that enable all participants to
dan/atau mendengar secara langsung. see and/or hear each other directly.
Frekuensi dan Tingkat Kehadiran Frequency and Attendance Rate
Sepanjang tahun 2025, Direksi telah menyelenggarakan Throughout 2025, the Board of Directors convened 48
48 kali rapat dengan uraian sebagai berikut: meetings, with the following details:
Jumlah
Tingkat Kehadiran
Nama Jabatan Kehadiran
Attendance Rate
Name Position Number of
(%)
Attendances
Direktur Utama 177
Philmon Samuel Tanuri 42 88
President Director
Direktur
David Agus 47 98
Director
Direktur
Anung Rony Hascaryo 43 90
Director
Program Orientasi bagi Anggota Direksi Baru Orientation Program for New Members of the
Board of Directors
Sampai saat ini, Perseroan belum memiliki kebijakan To date, the Company has not established an
program orientasi yang ditujukan bagi anggota Direksi orientation program policy for new members of the
baru. Board of Directors.
Pelatihan dan Peningkatan Kompetensi Direksi Training and Competency Development for the
Board of Directors
Kebijakan Pelatihan dan Pengembangan Kompetensi Continuous Training and Competency Development
Berkesinambungan Policy
Perseroan memiliki kebijakan untuk mendorong The Company has a policy to promote continuous
pelatihan dan pengembangan kompetensi secara training and competency development for all members
berkesinambungan bagi seluruh anggota Direksi. of the Board of Directors. This program aims to ensure
Program ini bertujuan untuk memastikan bahwa that each member of the Board consistently possesses
setiap anggota Direksi selalu memiliki pengetahuan, up-to-date knowledge, skills, and insights relevant
keterampilan, dan wawasan terkini yang relevan to their duties and responsibilities in managing
dengan tugas dan tanggung jawab pengurusan the Company, as well as the ability to address the
Perseroan, serta mampu menghadapi dinamika industri dynamics of the financial services industry, particularly
jasa keuangan khususnya di pasar modal yang terus the continuously evolving capital market landscape.
berkembang. Sepanjang tahun 2025, Direksi Perseroan Throughout 2025 the Company’s Board of Directors
telah berpartisipasi dalam berbagai pelatihan, seminar, participated in various training programs, seminars,
workshop, dan kegiatan pengembangan profesional workshops, and other professional development
2025 Annual Report
lainnya, dengan uraian sebagai berikut: activities, as outlined below:
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Direksi
Board of Directors
Nama Jabatan Materi Pelatihan Penyelenggara Tanggal
Name Position Training Topics Organizer Date
Philmon Direktur Utama Program Pendidikan Berkelanjutan Wakil TICMI 18 Maret 2025
Samuel President Director Manajer Investasi (PPL WMI)
Tanuri
Continuing Professional Education March 18, 2025
Program for Investment Manager
Representatives
Program Pendidikan Berkelanjutan Wakil TICMI 18 Maret 2025
Perantara Pedagang Efek (PPL WPPE)
Continuing Professional Education March 18, 2025
Program for Securities Broker
Representatives
David Direktur Program Pendidikan Berkelanjutan Wakil TICMI 11 Februari
Agus Director Penjamin Emisi Efek (PPL WPEE) 2025
Continuing Professional Education February 11,
Program for Underwriter Representatives 2025
Anung Direktur Program Pendidikan Berkelanjutan Wakil TICMI 17 Februari
Rony Director Penjamin Emisi Efek (PPL WPEE) 2025
Hascaryo
178 Continuing Professional Education February 17,
Program for Underwriter Representatives 2025
Penilaian Kinerja Komite-komite di bawah Performance Evaluation of Committees under
Direksi dan Dasar Penilaiannya the Board of Directors and Its Assessment Basis
Komite Manajemen Risiko Risk Management Committee
Prosedur dan Kriteria Penilaian Procedures and Assessment Criteria
Direksi secara berkala melakukan evaluasi terhadap The Board of Directors periodically evaluates the
kinerja seluruh komite di bawahnya, termasuk Komite performance of all committees under its supervision,
Manajemen Risiko. Penilaian ini dilakukan dengan including the Risk Management Committee.
mempertimbangkan efektivitas pelaksanaan tugas, The assessment is conducted by considering the
kepatuhan terhadap kebijakan dan peraturan internal, effectiveness of task execution, compliance with
serta kontribusi Komite dalam pengelolaan risiko internal policies and regulations, and the Committee’s
Perseroan. Kriteria penilaian kinerja Komite Manajemen contribution to the Company’s overall risk management.
Risiko meliputi: The performance assessment criteria for the Risk
Management Committee include:
1. Tingkat realisasi pelaksanaan rencana rapat yang 1. The level of realization of the scheduled meetings.
telah dijadwalkan.
2. Kepatuhan Komite terhadap Kerangka Kerja 2. The Committee’s compliance with the Risk
Manajemen Risiko yang ditetapkan oleh Dewan Management Framework established by the Board
Komisaris dan Direksi. of Commissioners and the Board of Directors.
3. Capaian pelaksanaan tugas Komite sesuai 3. The achievement of the Committee’s duties in
tanggung jawab dan perannya dalam mendukung accordance with its responsibilities and role in
manajemen risiko Perseroan. supporting the Company’s risk management.
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05 CORPORATE GOVERNANCE
Direksi
Board of Directors
Hasil Penilaian Assessment Results
Sejalan dengan penerapan POJK No. 6/POJK.04/2021 In line with POJK No. 6/POJK.04/2021 on the
tentang Penerapan Manajemen Risiko bagi Perusahaan Implementation of Risk Management for Securities
Efek yang Melakukan Kegiatan Usaha sebagai Penjamin Companies Conducting Business Activities as
Emisi Efek dan Perantara Pedagang Efek yang merupakan Underwriters and Broker-Dealers that are Members of a
Anggota Bursa Efek, Direksi menilai bahwa Komite Stock Exchange, the Board of Directors assessed that the
Manajemen Risiko Perseroan telah melaksanakan tugas Company’s Risk Management Committee performed
dan fungsinya dengan baik sepanjang tahun 2025, its duties and functions well throughout 2025, as
salah satunya tercermin dari pelaksanaan 1 kali rapat. reflected in the convening of 1 meetings. Furthermore,
Selain itu, Direksi juga menilai bahwa komite ini telah the Board of Directors concluded that the Committee
menunjukkan efektivitas pelaksanaan tugas secara demonstrated strong effectiveness in carrying out its
maksimal, terutama dalam membantu memastikan responsibilities, particularly in helping ensure the proper
penerapan Kerangka Kerja Manajemen Risiko secara implementation of the Company’s Risk Management
efektif, serta memberikan kontribusi signifikan terhadap Framework and contributing meaningfully to the
penerapan tata kelola Perseroan yang baik. Company’s overall governance practices.
Komite Human Capital Human Capital Committee
Prosedur dan Kriteria Penilaian Assessment Procedures and Criteria
Direksi secara periodik melakukan evaluasi terhadap The Board of Directors periodically evaluates the
kinerja Komite Human Capital, dengan penilaian yang performance of the Human Capital Committee based
didasarkan pada beberapa kriteria utama, yaitu: on several key criteria, namely:
1. Kepatuhan terhadap Piagam Kerja. 1. Compliance with the Committee Charter.
2. Realisasi pelaksanaan wewenang, tugas, dan 2. Realization of the exercise of authorities, duties, 179
tanggung jawab sesuai kebijakan Komite Human and responsibilities in accordance with the Human
Capital. Capital Committee policies.
3. Tingkat pelaksanaan rapat yang konsisten dengan 3. Consistency in conducting meetings in line with
tata tertib dan jadwal yang telah ditetapkan dalam the rules of procedure and schedule stipulated in
kebijakan Komite. the Committee policies.
Hasil Penilaian Assessment Results
Sepanjang tahun 2025, Komite Human Capital telah Throughout 2025, the Human Capital Committee
menjalankan tugas dan tanggung jawabnya secara effectively carried out its duties and responsibilities,
efektif sebagaimana tercermin dari pelaksanaan as reflected in the meetings held, evaluations
rapat, evaluasi, dan rekomendasi yang diberikan conducted, and recommendations provided to the
kepada Direksi. Selama periode pelaporan, Komite Board of Directors. During the reporting period, the
Human Capital mengadakan 3 kali rapat dalam Human Capital Committee convened 3 meetings to
rangka meninjau kembali kebijakan fasilitas Pinjaman review the Employee Loan Facility policy, establish the
Karyawan, menetapkan Internal Customer Satisfaction Internal Customer Satisfaction Index as part of the Key
Index sebagai bagian dari Key Performance Indicator Performance Indicators (KPIs) for supporting units, and
(KPI) untuk unit pendukung, serta membahas discuss adjustments to the Company’s remuneration
penyesuaian struktur dan skala upah Perseroan yang structure and salary scale to be implemented in 2026.
akan diberlakukan pada tahun 2026.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
Dewan Komisaris adalah organ utama Perseroan Board of Commissioners is the Company’s main organ
yang terdiri dari paling sedikit 2 anggota yaitu consists of at least 2 members, such as President
Komisaris Utama dan Komisaris. Sesuai POJK 33/2014, Commissioner and Commissioner. In accordance
anggota Dewan Komisaris Perseroan juga diwajibkan with POJK 33/2014, the Board of Commissioners
untuk terdiri dari Komisaris Independen. Sebagai members are also required to appoint Independent
organ Perseroan, Dewan Komisaris bertugas untuk Commissioners. As a Company’s organ, the Board
menjalankan fungsi pengawasan secara umum serta of Commissioners is in charge to perform general
memastikan bahwa Perseroan telah menjalankan supervisory GCG principles.
prinsip-prinsip tata kelola perusahaan yang baik.
Pedoman Kerja dan Tata Tertib Kerja Dewan Work Guidelines and Code of Conduct of the
Komisaris Board of Commissioners
Dalam melaksanakan tugas, tanggung jawab, dan In carrying out their duties, responsibilities, and
wewenangnya, seluruh anggota Dewan Komisaris authorities, all members of the Board of Commissioners
wajib mengacu pada Pedoman dan Tata Tertib Kerja are required to refer to the Work Guidelines and Code
Dewan Komisaris yang telah disusun berdasarkan of Conduct of the Board of Commissioners, which
ketentuan perundang-undangan yang berlaku, antara have been prepared in accordance with the prevailing
lain Undang-Undang No. 40 Tahun 2007 tentang laws and regulations, including Law No. 40 of 2007
Perseroan Terbatas, Undang-Undang No. 8 Tahun 1995 concerning Limited Liability Companies, Law No. 8 of
tentang Pasar Modal, POJK No. 33/POJK.04/2014 1995 concerning the Capital Market, OJK Regulation
tentang Direksi dan Dewan Komisaris Emiten atau No. 33/POJK.04/2014 concerning the Board of
Perusahaan Publik (“POJK 33/2014”), serta Anggaran Directors and Board of Commissioners of Issuers or
180 Dasar Perseroan beserta perubahan-perubahannya. Public Companies (“POJK 33/2014”), as well as the
Company’s Articles of Association and its amendments.
Dengan adanya pedoman tertulis ini, seluruh anggota With this written guideline, all members of the Board of
Dewan Komisaris memiliki acuan yang jelas dalam Commissioners have a clear reference to perform their
melaksanakan tugas dan tanggung jawabnya secara duties and responsibilities effectively, consistently, and
efektif, konsisten, dan sesuai dengan prinsip-prinsip in accordance with the principles of good corporate
tata kelola perusahaan yang baik. governance.
Pokok-pokok yang diatur dalam Pedoman dan Tata The key matters regulated in the Work Guidelines
Tertib Kerja Dewan Komisaris Perseroan mencakup and Code of Conduct of the Company’s Board of
beberapa aspek penting, antara lain: Commissioners include several important aspects,
namely:
1. Tujuan 1. Objectives
2. Definisi 2. Definitions
3. Keanggotaan Dewan Komisaris 3. Membership of the Board of Commissioners
4. Persyaratan 4. Requirements
5. Masa Jabatan 5. Term of Office
6. Waktu Kerja 6. Working Hours
7. Tugas, Tanggung Jawab, dan Wewenang 7. Duties, Responsibilities, and Authorities
8. Aspek Transparansi 8. Transparency Aspects
9. Rapat 9. Meetings
10. Pelaporan dan Pertanggungjawaban 10. Reporting and Accountability
11. Etika 11. Ethics
12. Penutup 12. Closing
Dokumen Pedoman dan Tata Tertib Kerja Dewan The Work Guidelines and Code of Conduct of the
Komisaris Perseroan dapat diakses melalui situs web Company’s Board of Commissioners can be accessed
resmi Perseroan di https://www.trimegah.com/id/ through the Company’s official website at https://
site/corporate-governance/pedoman-kerja-dewan- www.trimegah.com/id/site/corporate-governance/
komisaris. pedoman-kerja-dewan-komisaris.
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05 CORPORATE GOVERNANCE
Dewan Komisaris
Board of Commissioners
Komposisi dan Susunan, serta Periode Menjabat Composition, Structure, and Term of Office of
Dewan Komisaris Tahun 2025 the Board of Commissioners in 2025
Dalam menentukan jumlah dan komposisi anggota In determining the number and composition of the
Dewan Komisaris, Perseroan menerapkan prinsip Board of Commissioners, the Company implement
keberagaman (diversity) dari segi latar belakang the principle of diversity in terms of educational
pendidikan, pengalaman profesional, serta keahlian, background, professional experience, and expertise,
khususnya di bidang pasar modal, untuk memastikan particularly in the capital market sector, to ensure that
fungsi pengawasan dapat dijalankan secara efektif. the supervisory function can be carried out effectively.
Mengacu pada ketentuan Pasal 19 Anggaran Dasar Referring to the provisions of Article 19 of the
Perseroan, masa jabatan anggota Dewan Komisaris Company’s Articles of Association, the term of office
berlaku efektif sejak tanggal pengangkatannya dalam of the members of the Board of Commissioners is
RUPS dan berakhir pada penutupan RUPS Tahunan ke-5 effective from the date of their appointment at the
setelah pengangkatan, dengan tetap memperhatikan GMS and ends at the close of the 5th Annual GMS
ketentuan OJK serta peraturan perundang-undangan after their appointment, while still taking into account
yang berlaku. Anggota Dewan Komisaris yang the regulations of the OJK and the prevailing laws and
masa jabatannya berakhir dapat diangkat kembali regulations. Members of the Board of Commissioners
berdasarkan keputusan RUPS. whose term of office has ended may be reappointed
based on the decision of the GMS.
Sepanjang tahun 2025, terdapat perubahan komposisi Throughout 2025, there were changes in the
Dewan Komisaris Perseroan sesuai keputusan composition of the Company’s Board of Commissioners
pemegang saham melalui RUPSLB Tahun 2025. Berikut in accordance with the shareholders’ decision through 181
ini disajikan kronologis perubahan susunan Dewan the 2025 Extraordinary GMS. The following presents
Komisaris Perseroan selama periode tersebut: the chronology of changes in the composition of the
Company’s Board of Commissioners during this period:
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
Periode 1 Januari 2025 – 3 September 2025
Period January 1, 2025 – September 3, 2025
Nama Jabatan Dasar Pengangkatan Masa Jabatan Periode
Name Position Basis of Appointment Term of Office Period
Edy Sugito Komisaris • Diangkat pertama kali dalam Rapat Umum Pemegang 27 Juli 2022 Periode
Utama/ Saham Luar Biasa Perseroan tanggal 28 Maret 2013 seperti – Penutupan Ketiga
Komisaris tercantum dalam Akta Notaris No. 51 tertanggal 28 Maret RUPS Tahunan
Independen 2013 tentang Hasil RUPSLB Perseroan. 2027
• Diangkat kembali dalam Rapat Umum Pemegang Saham
Tahunan Perseroan pada tanggal 6 Juni 2018 seperti
tercantum dalam Akta Notaris No. 5 tertanggal 6 Juni 2018
tentang Pernyataan Keputusan RUPS Tahunan Perseroan.
• Diangkat sebagai Komisaris Utama/Komisaris Independen
Perseroan dalam Rapat Umum Pemegang Saham Tahunan
pada tanggal 27 Juli 2022 seperti dinyatakan dalam Akta
Notaris No. 168 tertanggal 27 Juli 2022 tentang Pernyataan
Keputusan Rapat Umum Pemegang Saham Tahunan.
President • Initially appointed at the Company’s Extraordinary General July 27, 2022 – Third
Commissioner/ Meeting of Shareholders on March 28, 2013, as stated in Closing of the Term
Independent Notarial Deed No. 51 dated March 28, 2013, regarding the 2027 Annual
Commissioner results of the Company’s EGM. GMS
• Reappointed at the Company’s Annual General Meeting of
Shareholders on June 6, 2018, as stated in Notarial Deed No.
5 dated June 6, 2018, regarding the resolution of the Annual
182 GMS.
• Appointed as President Commissioner/Independent
Commissioner of the Company at the Annual General
Meeting of Shareholders on July 27, 2022, as stated in
Notarial Deed No. 168 dated July 27, 2022, regarding the
resolution of the Annual GMS.
Sunata Komisaris • Diangkat pertama kali dalam Rapat Umum Pemegang Saham 20 November Periode
Tjiterosampurno* Luar Biasa Perseroan pada tanggal 20 November 2013 2013 – 3 Ketiga
seperti tercantum dalam Akta Notaris No. 21 tertanggal 20 September
November 2013 tentang Hasil RUPSLB Perseroan. 2025
• Diangkat kembali dalam Rapat Umum Pemegang Saham
Tahunan Perseroan pada tanggal 6 Juni 2018 seperti
tercantum dalam Akta Notaris No.5 tertanggal 6 Juli 2018
tentang Pernyataan Keputusan RUPS Tahunan Perseroan.
• Diangkat kembali dalam Rapat Umum Pemegang Saham
Tahunan Perseroan pada tanggal 28 Juni 2023 seperti
dinyatakan dalam Pernyataan Keputusan Rapat Umum
Pemegang Saham Tahunan No. 147.
Commissioner • Initially appointed at the Company’s Extraordinary General November Third
Meeting of Shareholders on November 20, 2013, as stated in 20, 2013 – Term
Notarial Deed No. 21 dated November 20, 2013, regarding September 3,
the results of the Company’s EGM. 2025
• Reappointed at the Company’s Annual General Meeting of
Shareholders on June 6, 2018, as stated in Notarial Deed No.
5 dated July 6, 2018, regarding the resolution of the Annual
GMS.
• Reappointed at the Company’s Annual General Meeting of
Shareholders on June 28, 2023, as stated in Annual GMS
Resolution No. 147.
*) Telah mengajukan pengunduran diri sejak tanggal 9 Juni 2025. Perubahan anggota Dewan Komisaris dilakukan bersamaan dengan Rapat
Umum Pemegang Saham Luar Biasa yang dilakukan pada 3 September 2025.
Submitted resignation effective June 9, 2025. Changes to the members of the Board of Commissioners were carried out concurrently with the
Extraordinary General Meeting of Shareholders held on September 3, 2025.
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05 CORPORATE GOVERNANCE
Dewan Komisaris
Board of Commissioners
Periode 3 September 2025 - 31 Desember 2025
Period September 3, 2025 – December 31, 2025
Nama Jabatan Dasar Pengangkatan Masa Jabatan Periode
Name Position Basis of Appointment Term of Office Period
Rofikoh Komisaris Diangkat pertama kali dalam Rapat Umum Pemegang 3 September 2025 Periode
Rokhim Utama/Komisaris Saham Luar Biasa Perseroan tanggal 3 September 2025 – Penutupan RUPS Pertama
Independen seperti tercantum dalam Akta Notaris No. 5 tertanggal 3 Tahunan 2030
September 2025 tentang Hasil RUPSLB Perseroan.
President Initially appointed at the Company’s Extraordinary September 3, 2025 First Term
Commissioner/ General Meeting of Shareholders on September 3, 2025, – Closing of the
Independent as stated in Notarial Deed No. 5 dated September 3, 2030 Annual GMS
Commissioner 2025, regarding the results of the Company’s EGM.
Edy Sugito Komisaris • Sebelumnya menjabat sebagai Komisaris Utama/ 3 September 2025 Periode
Independen Komisaris Independen. Dialih-tugaskan sebagai – Penutupan RUPS Ketiga
Komisaris Independen dalam Rapat Umum Tahunan 2030
Pemegang Saham Luar Biasa Perseroan tanggal 3
September 2025 seperti tercantum dalam Akta
Notaris No. 5 tertanggal 3 September 2025 tentang
Hasil RUPSLB Perseroan.
Independent • Previously served as President Commissioner/ September 3, 2025 Third
Commissioner Independent Commissioner. Reassigned as – Closing of the Term
Independent Commissioner at the Company’s 2030 Annual GMS
Extraordinary General Meeting of Shareholders on 183
September 3, 2025, as stated in Notarial Deed No.
5 dated September 3, 2025, regarding the results of
the Company’s EGM.
Penilaian Kemampuan dan Kepatutan oleh Assessment of Fitness and Properness by the
Regulator Regulator
Perseroan memastikan seluruh anggota Dewan The Company ensures that all members of the Board
Komisaris yang menjabat telah menjalani dan lulus uji of Commissioners have undergone and passed the
kemampuan dan kepatutan (fit and proper test) sesuai fit and proper test in accordance with the prevailing
ketentuan regulasi yang berlaku bagi Perusahaan Efek regulations for Securities Companies and have obtained
serta sudah memperoleh persetujuan resmi dari OJK official approval from the OJK prior to performing their
sebelum menjalankan fungsi pengawasan. supervisory functions.
Pemenuhan persyaratan tersebut mencerminkan Compliance with these requirements reflects that the
bahwa susunan Dewan Komisaris Perseroan telah composition of the Company’s Board of Commissioners
memenuhi standar kompetensi, integritas, dan meets the standards of competence, integrity, and
profesionalisme yang ditetapkan regulator, sehingga professionalism set by the regulator, enabling them
dapat menjalankan peran pengawasan secara optimal to perform their supervisory roles optimally and
serta memperkuat penerapan tata kelola perusahaan reinforcing the implementation of good corporate
yang baik. governance.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
Rincian hasil penilaian dan persetujuan anggota Dewan The details of the assessment results and approval
Komisaris disajikan dalam tabel berikut: of the members of the Board of Commissioners are
presented in the following table:
Tanggal Lulus Uji Kemampuan dan
Nama Jabatan Keterangan
Kepatutan
Name Position Remarks
Date of Passing Fit and Proper Test
Rofikoh Komisaris Utama/ 14 Juli 2025 Persetujuan OJK dalam Surat OJK
Rokhim Komisaris Independen Nomor S-485/PM.02/2025.
President Commissioner/ July 14, 2025 OJK Approval in OJK Letter
Independent Commissioner Number S-485/PM.02/2025.
Edy Sugito Komisaris/ 28 Maret 2013 Persetujuan OJK dalam Surat OJK
Komisaris Independen Nomor S-129/PM.2/2013.
Commissioner/ March 28, 2013 OJK Approval in OJK Letter
Independent Commissioner Number S-129/PM.2/2013.
Komisaris Utama/ 26 Juli 2022 Persetujuan OJK dalam
Komisaris Independen Surat OJK Nomor S-663/
PM.21/2022.
President Commissioner/ July 26, 2022 OJK Approval in OJK Letter
Independent Commissioner Number S-663/PM.21/2022.
184
Komisaris Independen 14 Juli 2025 Persetujuan OJK dalam Surat OJK
Nomor S-485/PM.02/2025.
Independent Commissioner July 14, 2025 OJK Approval in OJK Letter
Number S-485/PM.02/2025.
Tugas, Wewenang, dan Tanggung Jawab Dewan Scope of Duties and Responsibilities of the
Komisaris Board of Commissioners
Ruang lingkup tugas dan tanggung jawab Dewan The scope of duties and responsibilities of the Board of
Komisaris sebagaimana diatur dalam Pedoman dan Commissioners, as regulated in the Work Guidelines
Tata Tertib Kerja Dewan Komisaris, adalah sebagai and Code of Conduct of the Board of Commissioners,
berikut: is as follows:
1. Melakukan pengawasan dan bertanggung jawab 1. Supervise and be responsible for overseeing the
atas pengawasan terhadap kebijakan pengurusan management policies and the general course of
dan jalannya pengurusan pada umumnya, baik management, both regarding the Company and
mengenai Perseroan maupun usaha Perseroan, the Company’s business, and provide advice to the
dan memberi nasihat kepada Direksi. Board of Directors.
2. Anggota Dewan Komisaris tidak dapat bertindak 2. Members of the Board of Commissioners shall
sendiri-sendiri melainkan berdasarkan keputusan not act individually but based on decisions or
atau penunjukan dari Dewan Komisaris. appointments of the Board of Commissioners.
3. Dalam kondisi tertentu, Dewan Komisaris 3. In certain circumstances, the Board of
wajib menyelenggarakan RUPS Tahunan dan Commissioners is obliged to convene the
RUPS lainnya sesuai dengan kewenangannya Annual GMS and other GMS in accordance
sebagaimana diatur dalam peraturan perundang- with its authorities as stipulated in the laws and
undangan dan Anggaran Dasar. regulations and the Articles of Association.
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05 CORPORATE GOVERNANCE
Dewan Komisaris
Board of Commissioners
4. Anggota Dewan Komisaris wajib melaksanakan 4. Members of the Board of Commissioners must
tugas dan tanggung jawab sebagaimana dimaksud carry out their duties and responsibilities referred
pada butir 1) dengan itikad baik, penuh tanggung to in point 1) in good faith, with full responsibility,
jawab, dan kehati-hatian. and with due care.
5. Dalam mendukung efektivitas pelaksanaan tugas 5. To support the effectiveness of the performance
dan tanggung jawabnya sebagaimana dimaksud of their duties and responsibilities referred to in
pada butir 1), Dewan Komisaris wajib membentuk point 1), the Board of Commissioners is obliged to
Komite Audit dan dapat membentuk komite establish an Audit Committee and may establish
lainnya. other committees.
6. Dewan Komisaris wajib melakukan evaluasi 6. The Board of Commissioners must evaluate the
terhadap kinerja komite yang membantu performance of committees that assist in carrying
pelaksanaan tugas dan tanggung jawabnya out their duties and responsibilities as referred to
sebagaimana dimaksud pada butir 5) setiap akhir in point 5) at the end of each financial year.
tahun buku.
7. Setiap anggota Dewan Komisaris bertanggung 7. Each member of the Board of Commissioners is
jawab penuh secara tanggung renteng atas jointly and severally responsible for any losses
kerugian Perseroan yang disebabkan oleh suffered by the Company caused by the errors
kesalahan atau kelalaian anggota Dewan Komisaris or negligence of the members of the Board of
dalam menjalankan tugasnya. Commissioners in carrying out their duties.
8. Anggota Dewan Komisaris tidak dapat dimintakan 8. Members of the Board of Commissioners shall not
pertanggungjawaban atas kerugian Perseroan be held accountable for the Company’s losses as
sebagaimana dimaksud pada butir 7) apabila referred to in point 7) if they can prove that:
dapat membuktikan:
185
a) Kerugian tersebut bukan karena kesalahan a) The loss was not due to their error or
atau kelalaiannya. negligence.
b) Telah melakukan pengurusan dengan itikad b) They have managed in good faith, with full
baik, penuh tanggung jawab, dan kehati- responsibility, and due care in the interest of
hatian untuk kepentingan dan sesuai dengan and in accordance with the objectives of the
maksud dan tujuan Perseroan. Company.
c) Tidak mempunyai benturan kepentingan c) They had no direct or indirect conflict of
baik langsung maupun tidak langsung atas interest in the management action that
tindakan pengurusan yang mengakibatkan resulted in the loss.
kerugian.
d) Telah mengambil tindakan untuk mencegah d) They took actions to prevent the occurrence
timbul atau berlanjutnya kerugian tersebut. or continuation of such loss.
9. Dewan Komisaris setiap waktu dalam jam kerja 9. The Board of Commissioners has the right, at
kantor Perseroan berhak memasuki bangunan any time during the Company’s office hours, to
dan halaman atau tempat lain yang dipergunakan enter the Company’s buildings, premises, or other
atau yang dikuasai oleh Perseroan, dan memeriksa places used or controlled by the Company, and to
semua pembukuan, surat dan alat bukti lainnya, examine all books, documents, and other evidence,
memeriksa dan mencocokkan keadaan uang kas check and reconcile cash and other assets, and has
dan lain-lain, serta berhak untuk mengetahui the right to be informed of all actions taken by the
segala tindakan yang telah dijalankan oleh Direksi. Board of Directors.
10. Dewan Komisaris berhak untuk meminta 10. The Board of Commissioners has the right to
penjelasan kepada Direksi tentang segala hal request explanations from the Board of Directors
yang ditanyakan, dan setiap anggota Direksi wajib on any matters in question, and each member
untuk memberikan penjelasan tentang segala hal of the Board of Directors is obliged to provide
yang ditanyakan oleh Dewan Komisaris. explanations on all matters requested by the
Board of Commissioners.
11. Apabila seluruh anggota Direksi diberhentikan 11. If all members of the Board of Directors are
sementara atau apabila karena sebab apapun temporarily dismissed or if, for any reason, the
Perseroan tidak mempunyai seorang pun anggota Company has no member of the Board of Directors,
2025 Annual Report
Direksi, maka untuk sementara Dewan Komisaris the Board of Commissioners is temporarily obliged
diwajibkan untuk mengurus Perseroan. Dalam to manage the Company. In such a case, the Board
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
hal demikian, Dewan Komisaris berhak untuk of Commissioners has the right to grant temporary
memberikan kekuasaan sementara kepada seorang authority to one or more members of the Board
atau lebih di antara anggota Dewan Komisaris atas of Commissioners under the responsibility of the
tanggungan Dewan Komisaris. Board of Commissioners.
12. Dalam hal hanya ada seorang anggota Dewan 12. If there is only one member of the Board of
Komisaris, segala tugas dan wewenang yang Commissioners, all duties and authorities granted
diberikan kepada Komisaris Utama atau anggota to the President Commissioner or members of
Dewan Komisaris dalam Anggaran Dasar berlaku the Board of Commissioners in the Articles of
pula baginya. Association also apply to them.
13. Pada setiap waktu, Dewan Komisaris, berdasarkan 13. At any time, the Board of Commissioners, based on
suatu keputusan Rapat Dewan Komisaris, dapat a decision of the Board of Commissioners meeting,
memberhentikan untuk sementara waktu seorang may temporarily dismiss one or more members
atau lebih anggota Direksi dari jabatannya (jabatan of the Board of Directors from their position(s),
mereka) dengan menyebutkan alasannya, dengan stating the reasons, while observing the provisions
memperhatikan ketentuan dalam Anggaran Dasar of the Articles of Association and/or the prevailing
dan/atau peraturan perundang-undangan yang laws and regulations.
berlaku.
Keberagaman Komposisi Dewan Komisaris Diversity of the Board of Commissioners
Susunan Dewan Komisaris Perseroan telah The composition of the Company’s Board of
memenuhi prinsip keberagaman sebagaimana Commissioners has complied with the principle
direkomendasikan dalam Lampiran Surat Edaran OJK of diversity as recommended in the Appendix of
186 No. 32/SEOJK.04/2015 yang menekankan pentingnya OJK Circular Letter No. 32/SEOJK.04/2015, which
memperhatikan keragaman dalam komposisi Dewan emphasizes the importance of considering diversity in
Komisaris. the composition of the Board of Commissioners.
Sepanjang tahun 2025, komposisi Dewan Komisaris Throughout 2025, the composition of the Company’s
Perseroan telah mencerminkan keberagaman Board of Commissioners has reflected diversity
pengalaman dan keahlian antaranggotanya. Setiap in the experience and expertise of its members.
Komisaris memiliki kompetensi yang relevan dan Each Commissioner possesses relevant and strong
kuat, sehingga secara kolektif mampu memperkuat competencies, which collectively strengthen the
efektivitas fungsi pengawasan. effectiveness of the supervisory function.
Informasi mengenai keberagaman tersebut dapat dilihat Further information regarding this diversity can be
lebih lanjut pada profil masing-masing anggota Dewan found in the profiles of each member of the Board of
Komisaris yang disajikan dalam Bab Profil Perusahaan. Commissioners, as presented in the Company Profile
chapter.
Rapat Dewan Komisaris Board of Commissioners Meetings
Kebijakan Pelaksanaan Rapat Meeting Implementation Policy
Dewan Komisaris wajib menyelenggarakan rapat The Board of Commissioners is required to hold meetings
paling sedikit 1 kali dalam 2 bulan. Selain rapat yang at least once every 2 months. In addition to regularly
telah dijadwalkan secara berkala, Dewan Komisaris scheduled meetings, the Board of Commissioners may
juga dapat mengadakan rapat sewaktu-waktu apabila also convene ad hoc meetings whenever necessary,
diperlukan oleh 1 atau lebih anggota Dewan Komisaris, either at the request of 1 or more members of the
atas permintaan tertulis dari Direksi, maupun atas Board of Commissioners, upon a written request from
permintaan 1 pemegang saham atau lebih yang secara the Board of Directors, or at the request of 1 or more
bersama-sama mewakili sedikitnya 1/10 (satu per shareholders representing at least 1/10 (one-tenth) of
sepuluh) dari seluruh saham dengan hak suara yang sah the total issued and fully paid shares with valid voting
yang telah ditempatkan oleh Perseroan. rights.
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05 CORPORATE GOVERNANCE
Dewan Komisaris
Board of Commissioners
Frekuensi dan Tingkat Kehadiran Frequency and Attendance Rate
Sepanjang tahun 2025, Dewan Komisaris telah Throughout 2025, the Board of Commissioners held 6
menyelenggarakan 6 kali rapat dengan uraian sebagai meetings with the details as follows:
berikut:
Jumlah
Tingkat Kehadiran
Nama Jabatan Kehadiran
Attendance Rate
Name Position Number of
(%)
Attendances
Rofikoh Rokhim** Komisaris Utama/Komisaris Independen
President Commissioner/ 4 100
Independent Commissioner
Edy Sugito Komisaris Independen
6 100
Independent Commissioner
Sunata Komisaris
2 100
Tjiterosampurno* Commissioner
*) Telah mengajukan pengunduran diri sejak tanggal 9 Juni 2025. Total Rapat sebelum pengajuan pengunduran diri sebanyak
2 kali.
Submitted resignation effective June 9, 2025. A total of 2 Meetings were held prior to the submission of the resignation.
**) Pengangkatan telah disetujui oleh Pemegang Saham dalam RUPS tanggal 26 Juni 2025. Total Rapat sejak pengangkatan
sebanyak 4 kali.
Appointment was approved by the Shareholders at the GMS on June 26, 2025. A total of 4 Meetings were held prior to the
appointment.
187
Rapat Gabungan Dewan Komisaris dan Direksi Joint Meetings of the Board of Commissioners
and the Board of Directors
Kebijakan Pelaksanaan Rapat Meeting Implementation Policy
Sebagai bagian dari pelaksanaan fungsi pengawasan, As part of the supervisory function, the Board of
Dewan Komisaris juga menyelenggarakan rapat Commissioners also holds joint meetings with the
gabungan dengan Direksi secara berkala paling sedikit Board of Directors regularly, at least once every 4
1 kali dalam 4 bulan. Ketentuan mengenai frekuensi months. The provisions regarding the frequency and
dan tata cara pelaksanaannya diatur secara jelas dalam procedures of these meetings are clearly regulated
Pedoman dan Tata Tertib Kerja Dewan Komisaris, in the Work Guidelines and Code of Conduct of the
sebagai bagian dari upaya memastikan koordinasi, Board of Commissioners, as part of efforts to ensure
pengawasan, dan pengambilan keputusan strategis that coordination, supervision, and strategic decision-
berjalan secara efektif. making are carried out effectively.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
Frekuensi dan Tingkat Kehadiran Frequency and Attendance Rate
Sepanjang tahun 2025, Dewan Komisaris dan Direksi Throughout 2025, the Board of Commissioners and
telah menyelenggarakan 6 kali rapat dengan uraian the Board of Directors held 6 meetings with the details
sebagai berikut: as follows:
Jumlah Kehadiran
Nama Jabatan Tingkat Kehadiran (%)
Number of
Name Position Attendance Rate
Attendances
Philmon Samuel Tanuri Direktur Utama
5 83
President Director
David Agus Direktur
6 100
Director
Anung Rony Hascaryo Direktur
6 100
Director
Rofikoh Rokhim** Komisaris Utama/
Komisaris Independen
4 100
President Commissioner/
Independent Commissioner
Edy Sugito Komisaris Independen
6 100
Independent Commissioner
Sunata Tjiterosampurno* Komisaris
2 100
Commissioner
188
*) Telah mengajukan pengunduran diri sejak tanggal 9 Juni 2025. Total Rapat sebelum pengajuan pengunduran diri sebanyak
2 kali.
Submitted resignation effective June 9, 2025. A total of 2 Meetings were held prior to the submission of the resignation.
**) Pengangkatan telah disetujui oleh Pemegang Saham dalam Rapat Umum Pemegang Saham tanggal 26 Juni 2025. Total
Rapat sejak pengangkatan sebanyak 4 kali.
Appointment was approved by the Shareholders at the General Meeting of Shareholders on June 26, 2025. A total of 4
Meetings were held prior to the appointment.
Agenda Rapat Gabungan Joint Meeting Agenda
Sebagai bentuk transparansi pelaksanaan fungsi As a form of transparency in the implementation of
pengawasan dan koordinasi strategis, rincian agenda supervisory functions and strategic coordination, the
rapat gabungan Dewan Komisaris dan Direksi sepanjang details of the joint meeting agenda of the Board of
tahun 2025 dijelaskan pada tabel berikut: Commissioners and the Board of Directors throughout
2025 are presented in the following table:
No. Tanggal Rapat Pembahasan Rapat
Meeting Date Meeting Agenda
27 Februari 2025 Persetujuan Laporan Keuangan FY24
1.
February 27, 2025 Approval of FY24 Financial Statements
28 April 2025 Persetujuan Laporan Keuangan 1Q25
2.
April 28, 2025 Approval of 1Q25 Financial Statements
25 Juli 2025 Persetujuan Laporan Keuangan 1H24
3.
July 25, 2025 Approval of 1H24 Financial Statements
30 September 2025 Macro & Market Outlook 2026
4.
September 30, 2025 Macros & Market Outlook 2026
28 Oktober 2025 Persetujuan Laporan Keuangan 9M25
5.
October 28, 2025 Approval of 9M25 Financial Statements
18 November 2025 Persetujuan Budget & Rencana Bisnis 2026
6.
November 18, 2025 Approval of 2026 Budget & Business Plans
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05 CORPORATE GOVERNANCE
Dewan Komisaris
Board of Commissioners
Program Orientasi bagi Komisaris Baru Orientation Program for New Commissioners
Perseroan menerapkan program orientasi bagi setiap The Company implements an orientation program
anggota Dewan Komisaris yang baru menjabat untuk for each newly appointed member of the Board of
memastikan keselarasan pemahaman terkait struktur Commissioners to ensure a shared understanding of
organisasi, kegiatan bisnis dan operasional Perseroan, the Company’s organizational structure, business and
serta peran pengawasan yang harus dijalankan. Program operational activities, as well as the supervisory role to
ini dirancang agar setiap anggota Dewan Komisaris baru be carried out. This program is designed to enable each
dapat beradaptasi dengan cepat dan bekerja secara new member of the Board of Commissioners to adapt
selaras dengan organ Perseroan lainnya. quickly and work in alignment with the Company’s
other organs.
Pada tanggal 10, 16 dan 25 September 2025, Perseroan On September 10, 16, and 25, 2025, the Company
melaksanakan program orientasi bagi Komisaris Utama/ conducted an orientation program for the newly
Komisaris Independen yang baru ditetapkan melalui appointed President Commissioner/Independent
RUPSLB tahun 2025, yaitu Ibu Rofikoh Rokhim. Dalam Commissioner, Ms. Rofikoh Rokhim, who was
sesi tersebut, beliau mendapatkan penjelasan mengenai appointed through the 2025 Extraordinary General
struktur organisasi, strategi bisnis, kondisi keuangan, Meeting of Shareholders. During these sessions, she
profil risiko, serta kerangka tata kelola perusahaan. received briefings on the organizational structure,
Pembekalan turut mencakup pemahaman atas tugas business strategy, financial condition, risk profile, and
dan tanggung jawab Dewan Komisaris, ketentuan the corporate governance framework. The orientation
regulasi dan kode etik, serta mekanisme koordinasi also covered an understanding of the duties and
kerja dengan komite-komite di bawah Dewan Komisaris responsibilities of the Board of Commissioners,
terkait. regulatory provisions and the code of ethics, as well 189
as the mechanisms for coordination with the relevant
committees under the Board of Commissioners.
Pelatihan dan Peningkatan Kompetensi Dewan Training and Competency Development of the
Komisaris Board of Commissioners
Kebijakan Pelatihan dan Pengembangan Kompetensi Policy on Continuous Training and Competency
Berkesinambungan Development
Sebagai bagian dari pelaksanaan tugas dan tanggung As part of the Board of Commissioners duties and
jawab Dewan Komisaris, seluruh anggota Dewan responsibilities implementation, all of the Board of
Komisaris juga terus melaksanakan pengembangan Commissioners members also continuously participate
kompetensi melalui berbagai kegiatan pelatihan, in competency development through various training
seminar, workshop maupun kegiatan pengembangan activities, seminars, workshops and other competency
kompetensi lainnya. development activities.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
Pada tahun 2025, Dewan Komisaris Perseroan telah In 2025, the Board of Commissioners has participated
berpartisipasi dalam pelatihan atau seminar, antara lain in training or seminars, as follows:
sebagai berikut:
Nama Jabatan Materi Pelatihan Penyelenggara Tanggal
Name Position Training Material Organizer Date
Rofikoh Rokhim Komisaris Utama/ PPL Dirkom Asosiasi Perusahaan Efek 4 November
Komisaris Independen “Perlindungan Indonesia (APEI) 2025
Konsumen”
President Commissioner/ PPL Dirkom Indonesian Securities November
Independent Commissioner “Consumer Companies Association 4, 2025
Protection” (APEI)
Edy Sugito Komisaris Independen - - -
Independent Commissioner
Sunata Komisaris PPL Dirkom Asosiasi Perusahaan Efek 14 April
Tjiterosampurno* “Manajemen Risiko” Indonesia (APEI) 2025
Commissioner PPL Dirkom “Risk Indonesian Securities April 14,
Management” Companies Association 2025
(APEI)
*) Telah mengajukan pengunduran diri sejak tanggal 9 Juni 2025. Perubahan anggota Dewan Komisaris dilakukan bersamaan
dengan Rapat Umum Pemegang Saham Luar Biasa yang dilakukan pada 3 September 2025.
190 Submitted resignation effective June 9, 2025. Changes in the members of the Board of Commissioners were carried out
concurrently with the Extraordinary General Meeting of Shareholders held on September 3, 2025.
Komisaris Independen Independent Commissioners
Komisaris Independen merupakan anggota Dewan Independent Commissioners are members of the
Komisaris yang tidak memiliki hubungan afiliasi dengan Board of Commissioners who have no affiliation with
Direksi, anggota Dewan Komisaris lainnya, maupun the Board of Directors, other members of the Board of
pemegang saham pengendali, serta terbebas dari Commissioners, or controlling shareholders, and are
hubungan bisnis atau kepentingan lain yang dapat free from any business relationships or other interests
memengaruhi objektivitas dan independensinya dalam that may affect their objectivity and independence in
menjalankan fungsi pengawasan. carrying out their supervisory functions.
Pada tahun 2025, Dewan Komisaris Perseroan In 2025, the Company’s Board of Commissioners
beranggotakan 2 orang yang seluruhnya berasal consisted of 2 members, all of whom were independent,
dari unsur independen, dengan salah satu anggota with one member concurrently serving as President
merangkap sebagai Komisaris Utama dan satu lainnya Commissioner and the other serving solely as an
menjabat sebagai Komisaris Independen. Dengan Independent Commissioner. With this composition, the
komposisi tersebut, Perseroan tidak hanya memenuhi Company not only complied with but also exceeded the
namun juga melampaui ketentuan POJK 33/2014 provisions of POJK 33/2014, which require Independent
yang mewajibkan keberadaan Komisaris Independen Commissioners to constitute at least 30% of the
paling sedikit 30% dari jumlah anggota Dewan total members of the Board of Commissioners, and
Komisaris, termasuk juga mematuhi ketentuan Pasal also complied with Article 19 of POJK 57/2017, which
19 POJK 57/2017 yang menekankan peran Komisaris emphasizes the role of Independent Commissioners in
Independen dalam memperkuat pengawasan dan tata strengthening supervision and governance of Securities
kelola Perusahaan Efek. Companies.
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05 CORPORATE GOVERNANCE
Dewan Komisaris
Board of Commissioners
Kriteria Komisaris Independen Criteria for Independent Commissioners
Mengacu pada Pedoman dan Tata Tertib Kerja Referring to the Work Guidelines and Code of Conduct
Dewan Komisaris, Perseroan menetapkan sejumlah of the Board of Commissioners, the Company has
persyaratan dan kualifikasi yang harus dipenuhi oleh stipulated a number of requirements and qualifications
setiap Komisaris Independen, yaitu sebagai berikut: that must be fulfilled by each Independent
Commissioner, as follows:
1. Bukan merupakan orang yang bekerja atau 1. Not a person who has worked for or has had the
mempunyai wewenang dan tanggung jawab untuk authority and responsibility to plan, lead, control,
merencanakan, memimpin, mengendalikan, atau or supervise the activities of the issuer or Public
mengawasi kegiatan emiten atau Perusahaan Company within the last 6 months.
Publik tersebut dalam waktu 6 bulan terakhir.
2. Tidak mempunyai saham baik langsung maupun 2. Does not own shares in the Company, either
tidak langsung pada Perseroan. directly or indirectly.
3. Tidak mempunyai hubungan Afiliasi dengan 3. Does not have any affiliation with the issuer
emiten atau Perusahaan Publik, anggota Dewan or Public Company, members of the Board of
Komisaris, anggota Direksi, atau pemegang saham Commissioners, members of the Board of Directors,
utama Perseroan. or the Company’s controlling shareholders.
4. Tidak mempunyai hubungan usaha baik langsung 4. Does not have any business relationship, either
maupun tidak langsung yang berkaitan dengan directly or indirectly, related to the Company’s
kegiatan usaha Perseroan. business activities.
Profil Komisaris Independen Profile of Independent Commissioners
Profil Komisaris Independen Perseroan dapat dilihat The profiles of the Company’s Independent
191
pada Bab Profil Perusahaan, Sub-bab Profil Dewan Commissioners can be found in the Company Profile
Komisaris dalam laporan tahunan ini. chapter, sub-chapter on the Board of Commissioners’
Profile, in this Annual Report.
Independensi Komisaris Independen Independence of Independent Commissioners
Komisaris Independen memegang peran penting dalam Independent Commissioners play a vital role in ensuring
memastikan fungsi pengawasan Perseroan berjalan that the Company’s oversight function is carried out
secara objektif, transparan, dan bebas dari benturan objectively, transparently, and free from conflicts of
kepentingan. Untuk menjaga integritas peran tersebut, interest. To safeguard the integrity of this role, each
setiap Komisaris Independen diwajibkan menyampaikan Independent Commissioner is required to submit a
pernyataan independensi yang menegaskan tidak statement of independence confirming the absence of
adanya hubungan kepemilikan saham, afiliasi, jabatan, any share ownership, affiliation, concurrent positions,
maupun hubungan bisnis dengan Direksi, anggota or business relationships with the Board of Directors,
Dewan Komisaris lainnya, atau Pemegang Saham other members of the Board of Commissioners, or the
Pengendali yang dapat memengaruhi kemampuan Controlling Shareholder that could affect their ability to
dalam mengambil keputusan secara mandiri. make independent decisions.
Pernyataan independensi ini disampaikan secara berkala Such statement of independence is submitted on a
dan diperbarui apabila terdapat perubahan kondisi yang regular basis and updated whenever there are changes
dapat memengaruhi status independensi Komisaris in circumstances that may affect the independence
Independen. Sesuai ketentuan OJK, pada tanggal 27 status of the Independent Commissioner. In accordance
Juli 2022, Bapak Edy Sugito telah menandatangani with OJK regulations, on July 27, 2022, Mr. Edy Sugito
Pernyataan Independensi sehubungan dengan posisinya signed a Statement of Independence in relation to his
sebagai Komisaris Independen yang telah dijabat position as an Independent Commissioner, which he has
selama 2 periode di Perseroan. Dokumen Pernyataan held for 2 terms at the Company. The said Statement of
Independensi dimaksud tercantum pada profil Dewan Independence is presented in the profile of the Board of
Komisaris dalam Bab 3 – Profil Perusahaan. Commissioners in Chapter 3 – Company Profile.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
Penilaian Kinerja Komite-komite di bawah Performance Evaluation of Committees under
Dewan Komisaris dan Dasar Penilaiannya the Board of Commissioners and the Basis of
Assessment
Komite Audit Audit Committee
Prosedur dan Kriteria Penilaian Assessment Procedures and Criteria
Dewan Komisaris secara berkala melakukan penilaian The Board of Commissioners periodically evaluates the
terhadap kinerja Komite Audit, dalam melakukan performance of the Audit Committee, in conducting
evaluasi tersebut, Dewan Komisaris mempertimbangkan the evaluation, the Board of Commissioners considers
beberapa kriteria utama, antara lain tingkat realisasi several key criteria, including the level of realization
atas rencana rapat yang telah ditetapkan sepanjang of the meeting plan established for the financial year,
tahun buku, capaian kompetensi setiap anggota komite, the competency achievements of each committee
serta kualitas evaluasi, pandangan, dan rekomendasi member, and the quality of evaluations, views, and
yang diberikan oleh Komite Audit. Seluruh aspek recommendations delivered by the Audit Committee.
tersebut digunakan untuk menilai sejauh mana komite All of these aspects are used to assess the extent to
menjalankan fungsinya secara efektif dalam mendukung which the committee has effectively performed its
tugas pengawasan Dewan Komisaris. functions in supporting the Board of Commissioners’
oversight duties.
Hasil Penilaian Assessment Results
Dewan Komisaris menilai bahwa Komite Audit telah The Board of Commissioners concluded that the Audit
menjalankan tugas dan fungsinya dengan baik, Committee has performed its duties and functions
192 sebagaimana tercermin dari penyelenggaraan 10 kali well, as reflected in the convening of 10 meetings
rapat yang telah memenuhi ketentuan POJK No. 55/ in compliance with the provisions of POJK No. 55/
POJK.04/2015 tentang Pembentukan dan Pedoman POJK.04/2015 on the Establishment and Guidelines for
Pelaksanaan Kerja Komite Audit. the Implementation of Audit Committee Work.
Selain itu, Komite Audit juga berperan aktif dalam In addition, the Audit Committee actively supported the
mendukung efektivitas fungsi pengawasan Dewan effectiveness of the Board of Commissioners’ oversight
Komisaris, khususnya terkait aspek pengendalian function, particularly in financial control aspects,
keuangan, melalui peninjauan Laporan Keuangan through the review of quarterly Financial Statements,
kuartalan, evaluasi atas pemberian jasa audit oleh the evaluation of the provision of audit services by the
Kantor Akuntan Publik (KAP) untuk tahun buku 2025, Public Accounting Firm (KAP) for the 2025 financial
serta penyampaian rekomendasi mengenai penunjukan year, and the submission of recommendations regarding
KAP untuk audit tahun buku 2026. the appointment of the KAP for the audit of the 2026
financial year.
Dewan Komisaris juga mengapresiasi kontribusi Komite The Board of Commissioners also appreciates the
Audit yang telah memberikan masukan strategis contribution of the Audit Committee in providing
kepada Divisi Internal Audit dalam pelaksanaan audit strategic input to the Internal Audit Division in the
tahun buku 2025, sehingga turut memperkuat kualitas implementation of the 2025 financial year audit,
pengawasan Perseroan secara keseluruhan. thereby strengthening the overall quality of the
Company’s oversight.
Komite Nominasi dan Remunerasi Nomination and Remuneration Committee
Prosedur dan Kriteria Penilaian Procedures and Evaluation Criteria
Dewan Komisaris melakukan penilaian terhadap The Board of Commissioners periodically evaluates the
kinerja Komite Nominasi dan Remunerasi secara performance of the Nomination and Remuneration
berkala dengan menggunakan kertas kerja evaluasi Committee using evaluation working papers that
yang telah disepakati bersama di awal tahun. have been mutually agreed upon at the beginning
Dalam proses penilaian tersebut, Dewan Komisaris of the year. In conducting the evaluation, the Board
mempertimbangkan sejumlah parameter utama, antara of Commissioners considers several key parameters,
lain tingkat realisasi atas rencana rapat sepanjang tahun including the level of realization of the committee’s
buku, capaian kompetensi setiap anggota komite, meeting plan throughout the financial year, the
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05 CORPORATE GOVERNANCE
Dewan Komisaris
Board of Commissioners
serta kualitas evaluasi, pandangan, dan rekomendasi competency achievements of each committee
yang disampaikan Komite terkait pelaksanaan fungsi member, as well as the quality of evaluations, views,
nominasi dan remunerasi di Perseroan. Seluruh aspek and recommendations submitted by the Committee
ini menjadi dasar bagi Dewan Komisaris untuk menilai in relation to the implementation of nomination and
efektivitas komite dalam mendukung pelaksanaan remuneration functions within the Company.
fungsi pengawasan secara menyeluruh. All of these aspects serve as the basis for the Board
of Commissioners in assessing the effectiveness of
the Committee in supporting the overall supervisory
function.
Hasil Penilaian Evaluation Results
Sepanjang tahun 2025, Komite Nominasi dan Throughout 2025, the Nomination and Remuneration
Remunerasi telah menyelenggarakan 4 kali rapat Committee held 4 meetings in accordance with
sesuai ketentuan POJK No. 34/POJK.04/2014 dan POJK No. 34/POJK.04/2014 and the Committee
Piagam Kerja Komite. Dalam periode tersebut, Komite Charter. During the same period, the Nomination and
Nominasi dan Remunerasi juga telah menjalankan Remuneration Committee also carried out its functions
fungsinya dengan melakukan penetapan remunerasi by determining the remuneration of the Board of
untuk Dewan Komisaris dan Direksi, serta memberikan Commissioners and the Board of Directors, as well as
pandangan atas kinerja Direksi Perseroan dan entitas providing views on the performance of the Company’s
anak. Board of Directors and its subsidiaries.
Penilaian Kinerja Dewan Komisaris dan Direksi Performance Evaluation of the Board of
Commissioners and the Board of Directors 193
Dewan Komisaris Dewan Komisaris
Prosedur Penilaian Kinerja dan Kriteria Penilaian Performance Evaluation Procedures and Assessment
Criteria
Kinerja Dewan Komisaris dievaluasi setiap tahun baik The performance of the Board of Commissioners is
secara individual maupun kolektif berdasarkan tolak evaluated annually, both individually and collectively,
ukur kinerja yang telah disepakati bersama di awal based on performance benchmarks mutually agreed
tahun. Proses penilaian dilakukan melalui mekanisme upon at the beginning of the year. The evaluation
penilaian mandiri (self-assessment) oleh masing-masing process is conducted through a self-assessment
anggota Komisaris. mechanism carried out by each member of the Board of
Commissioners.
Parameter penilaian yang digunakan dalam mengukur The assessment parameters used to measure the
kinerja Dewan Komisaris mengacu pada kriteria dan performance of the Board of Commissioners refer to the
proses yang diformulasikan serta direkomendasikan criteria and processes formulated and recommended by
oleh Komite Nominasi dan Remunerasi, yang paling the Nomination and Remuneration Committee, which at
sedikit mencakup: a minimum include:
1. Tingkat kehadiran dalam rapat internal, rapat 1. Attendance level at internal meetings, joint
gabungan Dewan Komisaris dan Direksi, serta meetings of the Board of Commissioners and
rapat dengan komite-komite di bawah Dewan the Board of Directors, as well as meetings with
Komisaris maupun Direksi. committees under the Board of Commissioners
and/or the Board of Directors.
2. Keaktifan dalam pelaksanaan fungsi pengawasan 2. Activeness in carrying out the supervisory function
terhadap kegiatan Perseroan. over the Company’s activities.
3. Kontribusi dalam proses pengawasan, termasuk 3. Contributions to the supervisory process, including
pemberian nasihat dan rekomendasi kepada the provision of advice and recommendations to the
Direksi terkait tata kelola perusahaan, sistem Board of Directors related to corporate governance,
pengendalian internal, dan manajemen risiko. internal control systems, and risk management.
4. Pelaksanaan tanggung jawab pengawasan atas 4. Fulfillment of supervisory responsibilities over the
implementasi strategi bisnis dan pencapaian implementation of business strategies and the
2025 Annual Report
target Perseroan oleh Direksi. achievement of the Company’s targets by the Board
of Directors.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Dewan Komisaris
Board of Commissioners
Direksi Board of Directors
Prosedur Penilaian Kinerja dan Kriteria Penilaian Performance Evaluation Procedures and Assessment
Criteria
Penilaian kinerja Direksi dilakukan sekali dalam setahun The performance evaluation of the Board of Directors is
sebagai bagian dari upaya memastikan efektivitas conducted once a year as part of the Company’s efforts
kepemimpinan dalam mengelola Perseroan. Penilaian to ensure the effectiveness of leadership in managing the
tersebut didasarkan pada Key Performance Indicator Company. The evaluation is based on Key Performance
(KPI) di antaranya mencakup aspek-aspek strategis Indicators (KPIs), which include, among others, the
sebagai berikut: following strategic aspects:
1. Pencapaian kinerja dibandingkan dengan target 1. Achievement of performance compared to the
sesuai tugas dan tanggung jawab masing-masing established targets in accordance with the duties
anggota Direksi. and responsibilities of each member of the Board of
Directors.
2. Tingkat kehadiran dalam Rapat Direksi dan Rapat 2. Attendance level at meetings of the Board of
Gabungan Direksi dengan Dewan Komisaris. Directors and Joint Meetings of the Board of
Directors and the Board of Commissioners.
3. Kesiapan dalam memahami materi atau agenda 3. Readiness in understanding the materials or
yang akan dibahas dalam rapat. agendas to be discussed at meetings.
4. Partisipasi aktif dalam pembahasan isu-isu 4. Active participation in discussions of Company
Perseroan dan dalam proses pengambilan issues and in the decision-making process.
keputusan.
5. Ketaatan terhadap peraturan perundang- 5. Compliance with prevailing laws and regulations as
194 undangan yang berlaku serta kebijakan internal well as the Company’s internal policies.
Perseroan.
6. Komitmen dalam melaksanakan keputusan 6. Commitment to implementing jointly agreed
bersama yang telah ditetapkan. decisions.
Sebagai bentuk transparansi dan akuntabilitas, hasil As a form of transparency and accountability, the
penilaian disampaikan kepada pemegang saham results of the performance evaluation are conveyed
melalui Laporan Tahunan, serta kepada regulator sesuai to shareholders through the Annual Report and to the
ketentuan yang berlaku. regulator in accordance with the applicable regulations.
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195
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Nominasi & Remunerasi Dewan Komisaris dan Direksi
Nomination & Remuneration for the Board of Commissioners and the Board of Directors
Kebijakan Remunerasi dan Nominasi bagi Remuneration and Nomination Policy for the
Dewan Komisaris dan Direksi Board of Commissioners and Board of Directors
Prosedur Nominasi Dewan Komisaris dan Direksi Nomination Procedures for the Board of
Commissioners and Board of Directors
Perseroan menerapkan kebijakan dan prosedur The Company implements transparent and objective
nominasi bagi Dewan Komisaris dan Direksi secara nomination policies and procedures for the Board of
transparan dan objektif dengan berpedoman pada Commissioners and Board of Directors, guided by
peraturan perundang-undangan yang berlaku serta the prevailing laws and regulations as well as GCG
prinsip-prinsip tata kelola. Prosedur ini bertujuan principles. These procedures are intended to ensure
memastikan bahwa individu yang dipilih memiliki that the selected individuals possess the competencies,
kompetensi, pengalaman, dan integritas yang experience, and integrity aligned with the Company’s
selaras dengan kebutuhan Perseroan, sehingga needs, thereby strengthening leadership effectiveness
mampu mendukung efektivitas kepemimpinan dan and business sustainability.
keberlanjutan bisnis.
Proses nominasi di Perseroan dimulai dari pengajuan The Company’s nomination process begins with
proposal calon anggota Dewan Komisaris dan/atau the submission of proposed candidates for the
Direksi oleh pemegang saham kepada Perseroan. Board of Commissioners and/or Board of Directors
Komite Nominasi dan Remunerasi kemudian melakukan by shareholders to the Company. The Nomination
proses seleksi secara menyeluruh dengan menilai profil and Remuneration Committee then conducts a
masing-masing kandidat serta meninjau kesesuaiannya comprehensive selection process by assessing each
196 terhadap kebutuhan struktur kepemimpinan dan candidate’s profile and reviewing their suitability
kriteria personal yang telah ditetapkan. with the leadership structure requirements and the
established personal criteria.
Setelah melewati tahap seleksi awal, Perseroan Following the initial selection stage, the Company
mengusulkan kandidat yang memenuhi kriteria submits candidates who meet the criteria to undergo
tersebut untuk mengikuti proses penilaian kemampuan the fit and proper test conducted by the OJK. This
dan kepatutan oleh OJK. Proses tersebut dilaksanakan process is carried out in accordance with POJK No. 27/
sesuai ketentuan POJK No. 27/POJK.03/2016 POJK.03/2016 (“POJK 27/2016”) concerning Fit and
(“POJK 27/2016”) tentang Penilaian Kemampuan Proper Test for the Primary Parties of Financial Services
dan Kepatutan Bagi Pihak Utama Lembaga Jasa Institutions, as well as the relevant OJK Circular Letter
Keuangan serta Surat Edaran OJK yang mengatur regulating the assessment of candidates for primary
penilaian terhadap calon pihak utama Perusahaan parties of Securities Companies acting as Underwriters
Efek yang menjalankan usaha sebagai Penjamin Emisi and/or Broker-Dealers. Candidates who pass the fit and
Efek dan/atau Perantara Pedagang Efek. Kandidat proper test are subsequently presented at the GMS to
yang dinyatakan lulus uji penilaian kemampuan dan obtain formal approval from the shareholders.
kepatutan selanjutnya diajukan dalam RUPS untuk
memperoleh persetujuan resmi pemegang saham.
Pengangkatan dan pemberhentian anggota Dewan The appointment and dismissal of members of the
Komisaris maupun Direksi dilakukan melalui keputusan Board of Commissioners and Board of Directors are
RUPS dengan mengacu pada ketentuan Pasal 16 dan carried out through GMS resolutions, with reference
Pasal 19 Anggaran Dasar Perseroan. Pengangkatan to Articles 16 and 19 of the Company’s Articles of
mulai berlaku efektif sejak tanggal yang ditetapkan Association. Appointments become effective as of the
dalam keputusan RUPS dan berakhir pada penutupan date stipulated in the GMS resolution and remain valid
RUPS Tahunan kelima setelah tanggal pengangkatan, until the closing of the fifth Annual GMS following the
kecuali ditentukan lain oleh RUPS. appointment date, unless otherwise determined by the
GMS.
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Nominasi & Remunerasi Dewan Komisaris dan Direksi
Nomination & Remuneration for the Board of Commissioners and the Board of Directors
Prosedur Pengusulan hingga Penetapan Procedure for Proposing and Determining the
Remunerasi Dewan Komisaris dan Direksi Remuneration of the Board of Commissioners
and Board of Directors
Perseroan menetapkan kebijakan remunerasi bagi The Company establishes its remuneration policy for
anggota Dewan Komisaris dan Direksi berdasarkan the members of the Board of Commissioners and the
keputusan RUPS dengan mempertimbangkan kajian Board of Directors based on GMS resolutions, taking
yang dilakukan oleh Komite Nominasi dan Remunerasi. into account the assessments conducted by the Board
Kebijakan tersebut dirancang untuk memastikan of Commissioners and the shareholders. This policy is
keselarasan antara kepentingan Direksi dan Dewan designed to ensure alignment between the interests of
Komisaris dengan visi jangka panjang Perseroan the Board of Directors and the Board of Commissioners
serta penciptaan nilai yang berkelanjutan bagi para with the Company’s long-term vision and the creation
pemangku kepentingan. of sustainable value for stakeholders.
Penentuan struktur remunerasi bagi Dewan Komisaris The determination of the remuneration structure for
dan Direksi mengacu pada ketentuan Pasal 16 dan Pasal the Board of Commissioners and the Board of Directors
19 Anggaran Dasar Perseroan serta berpedoman pada refers to the provisions of Articles 16 and 19 of the
Surat Keputusan Dewan Komisaris No. Kep: SK/187/ Company’s Articles of Association and is guided by the
KOM/III/2017.TRIM tentang Gaji, Uang Jasa, dan Decree of the Board of Commissioners No. Kep: SK/187/
Tunjangan Lainnya bagi Anggota Direksi. KOM/III/2017.TRIM concerning Salaries, Service Fees,
and Other Allowances for Members of the Board of
Directors.
Dengan mengacu pada pedoman internal Perseroan, In line with the Company’s internal guidelines, the 197
proses penetapan gaji, honorarium, dan tunjangan process for determining salaries, honorarium, and other
lainnya bagi anggota Direksi dan/atau Dewan allowances for the members of the Board of Directors
Komisaris ditetapkan oleh RUPS, di mana kewenangan and/or the Board of Commissioners is stipulated by
tersebut dapat dilimpahkan kepada Dewan Komisaris. the GMS, with such authority being delegable to the
Penyusunan struktur remunerasi dilakukan berdasarkan Board of Commissioners. The remuneration structure
rekomendasi Komite Nominasi dan Remunerasi is formulated based on the recommendations of the
sebelum ditetapkan melalui keputusan RUPS. Nomination and Remuneration Committee before
being finalized through a GMS resolution.
Untuk meningkatkan transparansi dan akuntabilitas, To enhance transparency and accountability, the
kebijakan remunerasi dievaluasi secara berkala guna remuneration policy is periodically evaluated to ensure
memastikan bahwa besaran dan komponen remunerasi that the level and components of remuneration remain
tetap kompetitif dibandingkan dengan perusahaan competitive compared with peer companies in the
sejenis di industri pasar modal, selaras dengan kinerja capital market industry, are aligned with the Company’s
Perseroan, serta mematuhi ketentuan perundang- performance, and comply with applicable laws and
undangan yang berlaku. regulations.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Nominasi & Remunerasi Dewan Komisaris dan Direksi
Nomination & Remuneration for the Board of Commissioners and the Board of Directors
Indikator Penetapan Remunerasi Dewan Indicators for Determining the Remuneration of
Komisaris dan Direksi the Board of Commissioners and the Board of
Directors
Dalam menetapkan struktur dan besaran remunerasi In determining the structure and amount of
Dewan Komisaris dan Direksi, Perseroan berpedoman remuneration for the Board of Commissioners and
pada kebijakan internal dengan mempertimbangkan the Board of Directors, the Company refers to its
indikator-indikator berikut: internal policies while taking into account the following
indicators:
1. Standar remunerasi yang berlaku pada industri 1. Remuneration standards prevailing in comparable
sejenis, skala usaha, dan kemampuan Perseroan. industries, business scale, and the Company’s
financial capacity.
2. Tugas, tanggung jawab, dan wewenang Direksi dan 2. Duties, responsibilities, and authorities of the Board
Dewan Komisaris serta dikaitkan dengan risiko, of Directors and the Board of Commissioners, in
pencapaian tujuan dan kinerja Perseroan, baik relation to risks, achievement of objectives, and
dalam jangka pendek maupun jangka panjang. Company performance, both in the short and long
term.
3. Target kinerja dan pencapaian kerja dari masing- 3. Performance targets and achievements of each
masing anggota Direksi dan Dewan Komisaris. member of the Board of Directors and the Board
of Commissioners.
4. Tingkat inflasi. 4. Inflation rate.
5. Faktor-faktor lain yang relevan (merit system), 5. Other relevant factors (merit system), provided
serta tidak bertentangan dengan peraturan they do not conflict with prevailing laws and
198 perundang-undangan. regulations.
Struktur Remunerasi Dewan Komisaris dan Remuneration Structure of the Board of
Direksi Commissioners and the Board of Directors
Setiap anggota Dewan Komisaris dan Direksi berhak Each member of the Board of Commissioners and the
atas berbagai komponen remunerasi yang diberikan Board of Directors is entitled to various components
secara berkala, termasuk gaji, Tunjangan Hari Raya, of remuneration provided on a regular basis, including
serta tunjangan lain seperti Tunjangan Akhir Tahun salary, religious holiday allowance (Tunjangan Hari
dan Car Ownership Program (COP). Adapun bentuk Raya), as well as other benefits such as year-end
remunerasi dan fasilitas lainnya yang diterima dalam 1 allowance and the Car Ownership Program (COP).
tahun adalah sebagai berikut: The types of remuneration and other facilities received
within 1 year are as follows:
Struktur Remunerasi Dewan Komisaris Struktur Remunerasi Direksi
Remuneration Structure for the Board of Remuneration Structure for the Board of Directors
Commissioners
• Gaji • Gaji
Salary Salary
• Tunjangan Hari Raya (THR) • Tunjangan Kepemilikan Kendaraan
Religious Holiday Allowance Car Ownership Program (COP) Allowance
• Bonus Kinerja • Tunjangan Hari Raya (THR)
Performance Bonus Religious Holiday Allowance
• Tunjangan Akhir Tahun
Year End Allowance
• Tunjangan Perjalanan Dinas
Business Travel Allowance
• Bonus Kinerja
Performance Bonus
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Nominasi & Remunerasi Dewan Komisaris dan Direksi
Nomination & Remuneration for the Board of Commissioners and the Board of Directors
Besaran Remunerasi yang Dibagikan Kepada Remuneration Paid to the Board of Directors
Direksi dan Dewan Komisaris Tahun 2025 and Board of Commissioners in 2025
Berdasarkan Keputusan RUPS Tahunan 2025 tanggal 26 Based on the resolution of the 2025 Annual GMS
Juni 2025, RUPS memberikan wewenang kepada Dewan dated 26 June 2025, the GMS granted authority
Komisaris untuk menetapkan besaran honorarium to the Board of Commissioners to determine the
bagi anggota Dewan Komisaris dan Direksi dengan amount of honorarium for members of the Board of
memperhatikan rekomendasi dari Komite Nominasi Commissioners and the Board of Directors, taking into
dan Remunerasi. account the recommendations of the Nomination and
Remuneration Committee.
Perseroan tidak mengungkapkan besaran remunerasi The Company does not disclose remuneration per
per masing-masing anggota Dewan Komisaris maupun individual member of the Board of Commissioners
Direksi karena informasi tersebut bersifat rahasia or the Board of Directors, as such information is
(confidential) dan mempertimbangkan bahwa Direksi confidential and considers that the Board of Directors
dan Dewan Komisaris merupakan key personnel and Board of Commissioners are key personnel of the
Perseroan. Pengungkapan data secara individual Company. Disclosure of individual data may potentially
berpotensi memicu kompetisi tidak sehat, termasuk trigger unhealthy competition, including the risk of
risiko perekrutan oleh perusahaan kompetitor. Kendati recruitment by competing companies. Nevertheless,
demikian, Perseroan tetap menyampaikan total the Company discloses the total remuneration for the
remunerasi tahun 2025 bagi seluruh Direksi dan Dewan entire Board of Directors and Board of Commissioners
Komisaris. for 2025.
Total imbalan kerja Direksi dan Dewan Komisaris yang The total compensation of the Board of Directors and 199
telah dibayarkan Perseroan pada tahun 2025 adalah Board of Commissioners paid by the Company in 2025
sebesar Rp17.367.278.828,-. Informasi lebih lanjut dapat amounted to Rp17.367.278.828,-. Further details can be
dilihat pada Catatan atas Laporan Keuangan Nomor 36 found in the Notes to the Financial Statements Number
poin c halaman 148 dalam Laporan Tahunan ini. 36, point c page 148 which is part of this Annual Report.
Pengungkapan Bonus Kinerja, Bonus Non-kinerja, Disclosure of Performance Bonuses, Non-
dan/atau Opsi Saham performance Bonuses, and/or Stock Options
Selain komponen remunerasi yang telah diuraikan pada In addition to the remuneration components outlined
tabel sebelumnya, Perseroan tidak memberikan bentuk in the table above, the Company does not provide
remunerasi lain kepada Dewan Komisaris dan Direksi. any other forms of remuneration to the Board of
Perseroan juga tidak memiliki kebijakan stock option Commissioners and the Board of Directors. The
bagi anggota Dewan Komisaris dan Direksi. Company also does not have a stock option policy for
members of the Board of Commissioners and the Board
of Directors.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Komite-komite di bawah Dewan Komisaris Committees under the Board of Commissioners
Dalam melaksanakan fungsi pengawasannya, Dewan In carrying out its supervisory function, the Board
Komisaris didukung oleh komite-komite sebagai of Commissioners is supported by committees
organ pendukung. Mengacu pada Pedoman dan Tata as supporting organs. Referring to the Board of
Tertib Kerja Dewan Komisaris, komite-komite tersebut Commissioners’ Charter and Rules of Procedure, these
terdiri atas Komite Audit serta Komite Remunerasi dan committees consist of the Audit Committee and the
Nominasi. Nomination and Remuneration Committee.
Komite Audit Audit Committee
Komite Audit merupakan organ pendukung di bawah The Audit Committee is a supporting organ under
Dewan Komisaris yang dibentuk untuk membantu the Board of Commissioners established to assist
pelaksanaan fungsi pengawasan, khususnya terkait in the implementation of the supervisory function,
informasi keuangan, efektivitas fungsi audit internal particularly with respect to financial information, the
maupun eksternal, serta kepatuhan Perseroan terhadap effectiveness of internal and external audit functions,
peraturan perundang-undangan yang berlaku. and the Company’s compliance with prevailing laws
and regulations.
Dasar Hukum Pembentukan Komite Audit Legal Basis for the Establishment of the Audit
Committee
Pembentukan Komite Audit di Perseroan mengacu pada The establishment of the Audit Committee of
regulasi POJK No. 55/POJK.04/2015 (“POJK 55/2015”) the Company refers to OJK Regulation No. 55/
tentang Pembentukan dan Pedoman Pelaksanaan Kerja POJK.04/2015 (“POJK 55/2015”) concerning the
200 Komite Audit. Ketentuan tersebut menjadi landasan Establishment and Guidelines for the Implementation
utama bagi Perseroan dalam menetapkan struktur, of the Audit Committee’s Work. This regulation serves as
tata kerja, serta mekanisme pelaksanaan fungsi Komite the primary legal basis for the Company in determining
Audit secara efektif dan sesuai dengan prinsip tata the structure, working procedures, and mechanisms for
kelola perusahaan yang baik. the effective implementation of the Audit Committee’s
functions in accordance with the principles of good
corporate governance.
Piagam Komite Audit Audit Committee Charter
Dalam menjalankan tugas dan tanggung jawabnya, In carrying out its duties and responsibilities, all
seluruh anggota Komite Audit wajib berpedoman pada members of the Audit Committee are required to
Piagam Komite Audit yang menjadi acuan utama dalam adhere to the Audit Committee Charter, which serves
pelaksanaan fungsi pengawasan. Piagam tersebut as the primary reference in the implementation of the
dapat diperbarui dari waktu ke waktu agar tetap sejalan oversight function. The Charter may be updated from
dengan dinamika bisnis, perkembangan regulasi, serta time to time to remain aligned with business dynamics,
kebutuhan Perseroan. regulatory developments, and the Company’s needs.
Piagam Komite Audit secara umum memuat ketentuan In general, the Audit Committee Charter contains the
pokok yang meliputi: following key provisions:
1. Tugas, Tanggung Jawab, dan Wewenang 1. Duties, Responsibilities, and Authorities
2. Komposisi, Struktur, dan Persyaratan Keanggotaan 2. Composition, Structure, and Membership
Requirements
3. Tata Cara dan Prosedur Kerja 3. Working Procedures and Mechanisms
4. Kebijakan Penyelenggaraan Rapat 4. Meeting Policy
5. Pelaporan 5. Reporting
6. Penanganan Pengaduan atau Pelaporan 6. Handling of Complaints or Reports Related to
Sehubungan Dugaan Pelanggaran terkait Alleged Violations Concerning Financial Reporting
Pelaporan Keuangan
7. Evaluasi Kinerja 7. Performance Evaluation
8. Masa Tugas 8. Term of Office
9. Penutup 9. Closing
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Dokumen Piagam Komite Audit dapat diakses melalui The Audit Committee Charter document can be
situs web resmi Perseroan di https://www.trimegah. accessed through the Company’s official website
com/id/site/corporate-governance/komite-di-bawah- at https://www.trimegah.com/id/site/corporate-
komisaris-. governance/komite-di-bawah-komisaris-.
Tugas dan Tanggung Jawab Komite Audit Duties and Responsibilities of the Audit Committee
Tanggung jawab Komite Audit sebagaimana diatur The responsibilities of the Audit Committee as
dalam Piagam Komite Audit dapat diuraikan sebagai stipulated in the Audit Committee Charter can be
berikut: described as follows:
1. Bertanggung jawab atas tata kelola dalam 1. Being responsible for governance in the preparation
penyusunan Laporan Keuangan. of the Financial Statements.
2. Melakukan penelaahan atas informasi keuangan 2. Reviewing financial information to be disclosed
yang akan dikeluarkan Perseroan kepada publik by the Company to the public and/or regulatory
dan/atau pihak otoritas antara lain laporan authorities, including, among others, financial
keuangan, proyeksi, dan laporan lainnya terkait statements, projections, and other reports related
dengan informasi keuangan Perseroan. to the Company’s financial information.
3. Melakukan penelaahan atas ketaatan terhadap 3. Reviewing compliance with laws and regulations
peraturan perundang-undangan yang related to the Company’s business activities.
berhubungan dengan kegiatan Perseroan.
4. Memberikan pendapat independen dalam hal 4. Providing an independent opinion in the event of
terjadi perbedaan pendapat antara manajemen differences of opinion between management and
dan Akuntan atas jasa yang diberikannya. the Accountant regarding the services provided.
5. Memberikan rekomendasi kepada Dewan 5. Providing recommendations to the Board of
201
Komisaris mengenai penunjukan Akuntan yang Commissioners regarding the appointment of the
didasarkan pada independensi, ruang lingkup Accountant, based on independence, scope of
penugasan, dan imbalan jasa. engagement, and remuneration.
6. Melakukan penelaahan atas pelaksanaan 6. Reviewing the implementation of audits conducted
pemeriksaan oleh auditor internal dan mengawasi by the internal auditor and supervising the follow-
pelaksanaan tindak lanjut oleh Direksi atas temuan up actions taken by the Board of Directors on the
auditor internal. internal auditor’s findings.
7. Melakukan penelaahan terhadap pelaksanaan 7. Reviewing the implementation of risk
manajemen risiko yang dilakukan oleh Direksi jika management carried out by the Board of Directors
Perseroan tidak memiliki fungsi pemantau risiko di if the Company does not have a risk monitoring
bawah Dewan Komisaris. function under the Board of Commissioners.
8. Menelaah pengaduan yang berkaitan dengan 8. Reviewing complaints related to the Company’s
proses akuntansi dan pelaporan keuangan accounting and financial reporting process.
Perseroan.
9. Menelaah dan memberikan saran kepada Dewan 9. Reviewing and providing advice to the Board of
Komisaris terkait dengan adanya potensi benturan Commissioners regarding potential conflicts of
kepentingan Perseroan. interest of the Company.
10. Menjaga kerahasiaan dokumen, data, dan 10. Maintaining the confidentiality of the Company’s
informasi Perseroan. documents, data, and information.
Wewenang Komite Audit Authorities of the Audit Committee
Untuk mendukung efektivitas pelaksanaan tugasnya, To support the effective performance of its duties,
Perseroan memberikan sejumlah kewenangan kepada the Company grants the Audit Committee several
Komite Audit, antara lain untuk: authorities, including to:
1. Mengakses dokumen, data, dan informasi Perseroan 1. Access documents, data, and information of the
tentang karyawan, dana, aset, dan sumber daya Company relating to employees, funds, assets, and
Perseroan yang diperlukan. other Company resources as required.
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Laporan Tahunan 2025
Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
2. Berkomunikasi langsung dengan karyawan, 2. Communicate directly with employees, including
termasuk Direksi dan pihak yang menjalankan members of the Board of Directors and parties
fungsi audit internal, manajemen risiko, dan carrying out internal audit, risk management, and
akuntan terkait tugas dan tanggung jawab Komite accounting functions, in relation to the duties and
Audit. responsibilities of the Audit Committee.
3. Melibatkan pihak independen di luar anggota 3. Engage independent parties outside the members
Komite Audit yang diperlukan untuk membantu of the Audit Committee, if necessary, to assist in
pelaksanaan tugasnya (jika diperlukan). the performance of its duties.
4. Melakukan kewenangan lain yang diberikan oleh 4. Exercise other authorities granted by the Board of
Dewan Komisaris. Commissioners.
5. Memberikan pendapat dan rekomendasi dalam 5. Provide opinions and recommendations in the
pemilihan Kepala Auditor Internal. selection of the Head of Internal Audit.
Kualifikasi dan Persyaratan Keanggotaan Komite Qualifications and Membership Requirements of the
Audit Audit Committee
Perseroan menetapkan sejumlah kriteria dan kualifikasi The Company has established a number of professional
profesional yang harus dipenuhi oleh setiap anggota criteria and qualifications that must be fulfilled by each
Komite Audit, di antaranya meliputi aspek independensi, member of the Audit Committee, including aspects
kompetensi, serta pengalaman kerja yang relevan. of independence, competence, and relevant work
Kebijakan ini ditetapkan selaras dengan Pasal 7 POJK experience. This policy is formulated in accordance with
55/2015. Article 7 of POJK 55/2015.
Masa Jabatan Anggota Komite Audit Term of Office of Audit Committee Members
202
Masa tugas anggota Komite Audit ditetapkan tidak The term of office of Audit Committee members is
melebihi masa jabatan Dewan Komisaris sebagaimana determined not to exceed the term of office of the
tercantum dalam Anggaran Dasar, dan hanya Board of Commissioners as stipulated in the Articles
dapat diperpanjang untuk 1 periode tambahan. of Association and may only be extended for 1
Kebijakan terkait pengangkatan dan pemberhentian additional term. Policies related to the appointment
anggota Komite Audit sepenuhnya berada di bawah and dismissal of Audit Committee members are fully
kewenangan Dewan Komisaris dengan mengacu pada under the authority of the Board of Commissioners,
ketentuan yang berlaku. Dalam proses perpanjangan with due regard to prevailing regulations. In the
maupun pergantian anggota, Dewan Komisaris process of extension or replacement of members,
mempertimbangkan tingkat kompetensi, independensi, the Board of Commissioners considers the level of
serta kontribusi nyata setiap anggota dalam mendukung competence, independence, and tangible contributions
efektivitas fungsi pengawasan Perseroan. of each member in supporting the effectiveness of the
Company’s supervisory function.
Jumlah dan Komposisi Keanggotaan Komite Audit Number and Composition of Audit Committee
Members
Komite Audit Perseroan terdiri dari seorang Ketua The Company’s Audit Committee consists of a
yang berasal dari Komisaris Independen, serta anggota Chairperson who is an Independent Commissioner,
lainnya yang memiliki kompetensi di bidang akuntansi, along with other members who possess competencies
keuangan, dan/atau hukum sesuai dengan kebutuhan in accounting, finance, and/or law in accordance with
Perseroan. Struktur ini memastikan bahwa setiap the Company’s needs. This structure ensures that every
keputusan maupun rekomendasi yang dihasilkan oleh decision and recommendation issued by the Audit
Komite Audit senantiasa berlandaskan pada prinsip Committee is consistently grounded in the principles
independensi, profesionalisme, dan kepatuhan terhadap of independence, professionalism, and compliance with
peraturan perundang-undangan. prevailing laws and regulations.
Pada tahun 2025, terdapat perubahan dalam susunan In 2025, there were changes in the composition of the
keanggotaan Komite Audit Perseroan dengan kronologi Company’s Audit Committee, with the chronology as
sebagai berikut: follows:
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Periode 1 Januari 2025 – 3 September 2025
Period January 1, 2025 – September 3, 2025
Jabatan Dasar Pengangkatan sebagai Personel Masa Jabatan
Posisi di Komite
Nama Lain di Perseroan Komite dan Periode
Position in the
Name Other Position in the Basis for Appointment as Committee Term of Office
Committee
Company Member and Period
Edy Sugito Ketua Komisaris Utama/ Surat Keputusan Dewan Komisaris 2020 – 2025
Komisaris Independen Perseroan No. 009/LGL/SPK/X/2020.
TRIM tanggal 8 Oktober 2020.
Chairperson President Decree of the Board of Commissioners of
Commissioner/ the Company No. 009/LGL/SPK/X/2020.
Independent TRIM dated October 8, 2020.
Commissioner
Ariefuddin Anggota - Surat Keputusan Dewan Komisaris 2020 – 2025
Amas Perseroan No. 009/LGL/SPK/X/2020.
TRIM tanggal 8 Oktober 2020.
Member Decree of the Board of Commissioners of
the Company No. 009/LGL/SPK/X/2020.
TRIM dated October 8, 2020.
Ida Bagus Oka Anggota - Surat Keputusan Dewan Komisaris 2020 – 2025
Nila Perseroan No. 009/LGL/SPK/X/2020.
TRIM tanggal 8 Oktober 2020.
203
Member Decree of the Board of Commissioners of
the Company No. 009/LGL/SPK/X/2020.
TRIM dated October 8, 2020.
Periode 4 September 2025 – 31 Desember 2025
Period September 4, 2025 – December 31, 2025
Jabatan Lain Dasar Pengangkatan sebagai Personel Masa Jabatan
Posisi di Komite
Nama di Perseroan Komite dan Periode
Position in the
Name Other Position in the Basis for Appointment as Committee Term of Office
Committee
Company Member and Period
Rofikoh Ketua Komisaris Utama/ Surat Keputusan Dewan Komisaris 2025 - 2030
Rokhim Komisaris Independen Perseroan No. 008/BoC/IX/2025.TRIM
tanggal 4 September 2025
Chairperson President Resolution of the Company’s Board of
Commissioner/ Commissioners No. 008/BoC/IX/2025.
Independent TRIM dated September 4, 2025
Commissioner
Grace Citra Anggota - Surat Keputusan Dewan Komisaris 2025 - 2030
Dewi Perseroan No. 008/BoC/IX/2025.TRIM
tanggal 4 September 2025
Member Resolution of the Company’s Board of
Commissioners No. 008/BoC/IX/2025.
TRIM dated September 4, 2025
Widia Praptiwi Anggota - Surat Keputusan Dewan Komisaris 2025 - 2030
Perseroan No. 008/BoC/IX/2025.TRIM
tanggal 4 September 2025
Member Resolution of the Company’s Board of
2025 Annual Report
Commissioners No. 008/BoC/IX/2025.
TRIM dated September 4, 2025
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Profil Komite Audit Audit Committee Profile
Seluruh anggota Komite Audit Perseroan merupakan All members of the Company’s Audit Committee are
Warga Negara Indonesia (WNI) yang memiliki Indonesian citizens who possess integrity, competence,
integritas, kompetensi, dan pengalaman profesional and professional experience in their respective
di bidangnya masing-masing. Adapun profil lengkap fields. The complete profiles of the Company’s Audit
anggota Komite Audit Perseroan disajikan sebagai Committee members are presented as follows:
berikut:
Nama Profil
Name Profile
Rofikoh Rokhim Profil lengkap Rofikoh Rokhim telah diuraikan secara lengkap pada Bab Profil Perseroan, Sub-bab Profil Dewan
Komisaris dalam laporan tahunan ini.
The complete profile of Rofikoh Rokhim is presented in detail in the Company Profile chapter, under the
subsection Board of Commissioners’ Profile, of this annual report.
Grace Citra Dewi Warga negara Indonesia, 41 tahun. Meraih gelar Sarjana di bidang Ilmu Biologi dari University of California (USA)
pada tahun 2006, Magister Sains di bidang Ilmu Keberlanjutan Kajian Internasional dari The University of Tokyo
pada tahun 2010, dan Doktor di bidang Strategi Bisnis Internasional Rutgers Business School pada tahun 2017.
Memulai kariernya sebagai Researcher di NASA Ground Based Research, Lawrence Berkeley National Lab (2004),
kemudian menjabat sebagai Investment and Technology Analyst di BASF Venture Capital America Inc (2006-
2007), Konsultan di Bank Indonesia New York (2015-2017), Economist di Centre for Strategic and International
Studies (Mei – Des 2017), Economist - Data scientist, Bank Rakyat Indonesia (Okt – Des 2017), Tenaga Ahli
bidang Perdagangan dan Investasi di Kantor Staf Presiden Republik Indonesia (Jan 2018 - Jun 2020), Financial
204 Service Advisor di World Bank (2020-2022), Wakil Kepala Pengembangan Strategi Korporat & Ekonomi di Bank
Raya Indonesia (2022-2023), Koordinator Kebijakan Pembiayaan UMKM Senior di Tim Percepatan Pengentasan
Kemiskinan Nasional (2023-2024).
Saat ini beliau menjabat sebagai Kepala Ekonom Unit Analisis Kredit dan Kajian Strategis di CRIF Lembaga
Informasi Keuangan dan menjabat sebagai anggota komite audit Perseroan sejak September 2025 sampai saat
ini.
An Indonesian citizen, aged 41 years. Earned a Bachelor’s degree in Biology from the University of California
(USA) in 2006, a Master of Science in Sustainability Science (International Studies) from The University of Tokyo
in 2010, and a Doctorate in International Business Strategy from Rutgers Business School in 2017.
She began her career as a Researcher at NASA Ground Based Research, Lawrence Berkeley National Laboratory
(2004), and subsequently served as an Investment and Technology Analyst at BASF Venture Capital America Inc.
(2006–2007), a Consultant at Bank Indonesia New York (2015–2017), an Economist at the Centre for Strategic
and International Studies (May–December 2017), an Economist–Data Scientist at Bank Rakyat Indonesia
(October–December 2017), an Expert Staff Member for Trade and Investment at the Executive Office of the
President of the Republic of Indonesia (January 2018–June 2020), a Financial Services Advisor at the World Bank
(2020–2022), Deputy Head of Corporate Strategy & Economics Development at Bank Raya Indonesia (2022–
2023), and Senior MSME Financing Policy Coordinator at the National Team for the Acceleration of Poverty
Reduction (2023–2024).
She currently serves as Head Economist of the Credit Analysis and Strategic Studies Unit at CRIF Lembaga
Informasi Keuangan and has been serving as a member of the Company’s Audit Committee since September
2025 to date.
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Nama Profil
Name Profile
Widia Praptiwi Warga negara Indonesia, 51 tahun. Meraih gelar Sarjana Akuntansi dari Universitas Indonesia pada tahun 1997,
Magister Ilmu Akuntansi dari Universitas Indonesia pada tahun 2004.
Memulai kariernya sebagai Kepala Departemen Program Studi Akuntasi, Fakultas Bisnis Universitas
Krisnadwipayana (2018-2019), dari 2015 sampai saat ini masih menjadi Dosen Sarjana untuk Program Studi
Akuntansi Universitas Krisnadwipayana. Pernah menjabat sebagai Komite Audit di PT Hotel Indonesia Natour
(2015-2018) dan periode (2020-2021). Sebagai Komite Pemantau Risiko di PT Telekomunikasi Indonesia (Persero)
pada tahun 2018-2019, kemudian menjabat sebagai Komite Risiko, Investasi, dan Tata Kelola Perusahaan (GCG)
di PT Aviasi Pariwisata Indonesia (Persero) pada tahun 2022-2025.
Menjabat sebagai anggota komite audit Perseroan sejak September 2025 sampai saat ini.
An Indonesian citizen, aged 51 years. Earned a Bachelor’s degree in Accounting from the University of Indonesia
in 1997 and a Master’s degree in Accounting from the University of Indonesia in 2004.
She began her career as Head of the Accounting Study Program, Faculty of Business, Universitas Krisnadwipayana
(2018–2019), and since 2015 has continued to serve as a lecturer for the undergraduate Accounting Study
Program at Universitas Krisnadwipayana. She previously served as a member of the Audit Committee of PT
Hotel Indonesia Natour (2015–2018) and again during the 2020–2021 period. She also served as a member of
the Risk Monitoring Committee of PT Telekomunikasi Indonesia (Persero) in 2018–2019, and subsequently as a
member of the Risk, Investment, and Corporate Governance (GCG) Committee of PT Aviasi Pariwisata Indonesia
(Persero) during the 2022–2025 period.
She has been serving as a member of the Company’s Audit Committee since September 2025 to date.
205
Independensi Komite Audit Audit Committee Independence
Dalam menjalankan fungsi dan tugasnya, Komite Audit In carrying out its functions and duties, the Audit
senantiasa menjaga independensi dan profesionalisme, Committee consistently upholds independence and
serta terbebas dari segala bentuk intervensi yang professionalism and remains free from any form of
bertentangan dengan peraturan perundang-undangan. intervention that is contrary to prevailing laws and
Seluruh anggota Komite Audit juga tidak memiliki regulations. All members of the Audit Committee have
hubungan keuangan, kepengurusan, kepemilikan saham, no financial, managerial, share ownership, or family
maupun hubungan keluarga dengan Dewan Komisaris, relationships with the Board of Commissioners, the
Direksi, Pemegang Saham Pengendali, maupun dengan Board of Directors, the Controlling Shareholders, or the
Perseroan, sehingga tidak memengaruhi objektivitas Company, thereby ensuring that their objectivity and
dan kemampuan mereka dalam menjalankan fungsi ability to perform oversight functions independently
pengawasan secara independen. are not compromised.
Rapat Komite Audit Audit Committee Independence
Kebijakan Rapat Meeting Policy
Sebagaimana diatur dalam Piagam Komite Audit dan As stipulated in the Audit Committee Charter and POJK
POJK 55/2015, rapat Komite Audit dilakukan secara No. 55/POJK.04/2015, Audit Committee meetings are
berkala sedikitnya satu kali dalam tiga bulan. Rapat held on a regular basis at least once every three months.
dapat diselenggarakan apabila memenuhi kuorum, A meeting may be convened provided that the quorum
yaitu dihadiri oleh lebih dari setengah jumlah anggota. requirement is met, namely attendance by more than
half of the total members.
Pelaksanaan rapat dipimpin oleh Ketua Komite Audit, Meetings are chaired by the Chairman of the Audit
dan apabila yang bersangkutan berhalangan, maka Committee, and in the event that the Chairman is
tugas tersebut dapat dialihkan kepada anggota lain unable to attend, the duty may be delegated to another
yang ditunjuk. Keputusan yang diambil dalam rapat appointed member. Resolutions adopted at the meeting
dinyatakan sah apabila dihadiri sekurang-kurangnya shall be deemed valid if attended by at least two-thirds
oleh dua pertiga dari seluruh anggota Komite Audit of all Audit Committee members, and the decision-
2025 Annual Report
dan mekanisme pengambilan keputusan dilakukan making process is carried out based on deliberation to
berdasarkan prinsip musyawarah untuk mufakat. reach consensus.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Frekuensi dan Tingkat Kehadiran Frequency and Attendance Rate
Sepanjang tahun 2025, Komite Audit telah Throughout 2025, the Audit Committee held 10
menyelenggarakan rapat sebanyak 10 kali dengan meetings with the following details:
informasi sebagai berikut:
Tanggal Rapat Agenda Pembahasan Tingkat Kehadiran
No.
Meeting Date Agenda Attendance
Edy Ariefuddin Ida Bagus Rofikoh Grace Citra Widia
Sugito* Amas* Oka Nila* Rokhim** Dewi** Praptiwi**
1. 26 Februari 2025 Update Accounting &
√ √ √
February 26, 2025 Internal Audit
2. 28 April 2025 Review Draft Laporan
April 28, 2025 Keuangan & Update
Internal Audit
√ √ √
Review of Financial
Statements Draft &
Internal Audit Update
3. 6 Mei 2025 Update Compliance & Risk
√ √ √
May 6, 2025 Management
4. 23 Juli 2025 Update Compliance & Risk
√ √ √
July 23, 2025 Management
5. 10 September 2025 Onboarding Komite Audit
September 10, 2025 Onboarding Audit √ √ √
Committee
206 6. 16 September 2025 Onboarding Komite Audit
September 16, 2025 Onboarding Audit √ √ √
Committee
7. 25 September 2025 Onboarding Komite Audit
September 25, 2025 Onboarding Audit √ √ √
Committee
8. 28 Oktober 2025 Review Draft Laporan
October 28, 2025 Keuangan
√ √ √
Review of Financial
Statements Draft
9. 4 November 2025 Kick off Meeting Audit
√ √ √ √
November 4, 2025 2025
10. 18 November 2025 Update Internal Audit
√ √
November 18, 2025
Jumlah Kehadiran
5 4 4 6 5 6
Total Attendance
Persentase Kehadiran
100% 100% 100% 100% 83% 100%
Percentage of Attendance
*) Berhenti menjabat sebagai anggota Komite Audit efektif per 4 September 2025
Resigned as a member of the Audit Committee effective September 4, 2025
**) Mulai menjabat sebagai anggota Komite Audit efektif per 4 September 2025
Appointed as a member of the Audit Committee effective September 4, 2025
Hasil pembahasan dalam rapat Komite Audit The discussions in the Audit Committee meetings are
dituangkan dalam risalah rapat yang dilakukan oleh documented in the minutes prepared by the Corporate
Sekretaris Perusahaan. Informasi yang dituangkan Secretary. The minutes generally include, among
dalam notulen rapat secara umum mencakup antara others, the date and location of the meeting, agenda,
lain waktu dan lokasi rapat, agenda, peserta yang hadir, attendees, topics discussed, any differing opinions (if
topik yang dibahas, perbedaan pendapat (jika ada), dan applicable), and the resolutions made.
keputusan rapat.
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Pelatihan dan Peningkatan Kompetensi Komite Training and Competency Development of the
Audit Audit Committee
Berikut ini pelatihan, seminar, workshop, dan kegiatan The following are the training programs, seminars,
pengembangan profesional lainnya yang telah diikuti workshops, and other professional development
oleh anggota Komite Audit sepanjang tahun 2025: activities attended by members of the Audit Committee
throughout 2025:
Nama Materi Pelatihan Penyelenggara Tanggal Pelaksana
Name Training Material Organizer Date
Informasi pelatihan tersedia pada pelatihan Dewan Komisaris pada halaman 190 laporan
tahunan ini.
Edy Sugito*
Training information is available under the Board of Commissioners’ training on page 190 of
this Annual Report.
Ariefuddin Amas* -
Ida Bagus Oka Nila* -
Informasi pelatihan tersedia pada pelatihan Dewan Komisaris pada halaman 190 laporan
tahunan ini.
Rofikoh Rokhim**
Training information is available under the Board of Commissioners’ training on page 190 of
this Annual Report.
Grace Citra Dewi** -
“Risk-Based Strategic 8 Oktober 2025
Kubik Leadership
Decision Making Training” October 8, 2025
Widia Praptiwi**
“Building High Performance 23 Desember 2025
Kubik Leadership
Culture Training Program” December 23, 2025 207
Laporan Pelaksanaan Tugas dan Kegiatan Komite Report on the Implementation of Duties and
Audit pada Tahun 2025 Activities of the Audit Committee in 2025
Sepanjang tahun 2025, Komite Audit telah Throughout 2025, the Audit Committee carried out its
melaksanakan tugas dan tanggung jawabnya sesuai duties and responsibilities in accordance with the Audit
dengan Piagam Komite Audit, antara lain meliputi: Committee Charter, which included, among others:
1. Mengadakan 4 kali rapat dengan Divisi Accounting 1. Conducting 4 meetings with the Accounting
untuk menelaah draft laporan keuangan yang Division to review draft financial statements
akan diterbitkan setiap kuartal, 5 kali rapat dengan to be issued each quarter, 5 meetings with the
Divisi Internal Audit untuk membahas hasil kerja Internal Audit Division to discuss the work results
Divisi Internal Audit. Selain itu, Komite Audit of the Internal Audit Division, and 1 meeting with
juga melakukan 1 kali pertemuan dengan Auditor the External Auditor regarding the closing of the
Eksternal terkait penutupan audit tahun 2024 dan 2024 audit and preparation of the 2025 Audited
persiapan Laporan Keuangan Auditan tahun 2025. Financial Statements.
2. Memberikan masukan dan rekomendasi atas hasil 2. Providing input and recommendations on the
laporan pengendalian internal dan manajemen results of internal control and risk management
risiko yang disiapkan oleh Divisi Internal Audit reports prepared by the Internal Audit Division,
secara rutin maupun pada kasus khusus. both routinely and for specific cases.
3. Membahas temuan-temuan yang berpotensi 3. Discussing findings that may pose potential risks
berisiko bagi Perseroan, dan memerlukan to the Company and require immediate attention
perhatian dan tindakan segera. and action.
4. Membahas peraturan-peraturan baru OJK, Bursa 4. Reviewing new regulations issued by OJK, the
Efek Indonesia (BEI) dan peraturan-peraturan baru Indonesia Stock Exchange (IDX), and other new
lain yang berpotensi berdampak pada Perseroan. regulations that may impact the Company.
5. Melakukan evaluasi terhadap pelaksanaan 5. Evaluating the provision of audit services by the
pemberian jasa audit oleh KAP untuk tahun buku Public Accounting Firm (KAP) for the 2024 fiscal
2024, dan menyampaikannya kepada Dewan year and reporting the evaluation to the Board of
Komisaris melalui surat No. 070/CorSec/PST/ Commissioners through letter No. 070/CorSec/
VI/2025.TRIM tertanggal 10 Juni 2025. PST/VI/2025.TRIM dated June 10, 2025.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
6. Memberikan rekomendasi dalam penunjukan KAP 6. Providing recommendations for the appointment of
untuk tahun buku 2025 kepada Dewan Komisaris the Public Accounting Firm (KAP) for the 2025 fiscal
melalui surat No. 002/KA/X/2025.TRIM tertanggal year to the Board of Commissioners through letter
28 Oktober 2025. No. 002/KA/X/2025.TRIM dated October 28, 2025.
Komite Nominasi dan Remunerasi Nomination and Remuneration Committee
Komite Nominasi dan Remunerasi berfungsi untuk Nomination and Remuneration Committee functions
membantu memberikan masukan dan rekomendasi to assist in providing input and recommendations
terkait proses nominasi calon anggota Dewan concerning the nomination process for members
Komisaris dan Direksi, termasuk penetapan kriteria of the Board of Commissioners and the Board of
serta kualifikasinya. Komite ini juga bertugas menyusun Directors, including the determination of criteria
usulan besaran remunerasi bagi Dewan Komisaris and qualifications. The Committee is also tasked
dan Direksi, meliputi kompensasi, bonus, dan insentif. with preparing proposals for the remuneration of the
Melalui keberadaan Komite Nominasi dan Remunerasi, Board of Commissioners and the Board of Directors,
Perseroan memastikan bahwa setiap proses nominasi encompassing compensation, bonuses, and incentives.
dan penetapan remunerasi dilaksanakan secara Through the existence of the Nomination and
transparan, objektif, dan konsisten dengan prinsip- Remuneration Committee, the Company ensures that
prinsip tata kelola yang baik. every nomination and remuneration determination
process is conducted transparently, objectively, and in
accordance with the principles of GCG.
Dasar Hukum Pembentukan Komite Nominasi dan Legal Basis for the Establishment of the Nomination
208 Remunerasi and Remuneration Committee
Pada tanggal 10 April 2014, Perseroan membentuk On April 10, 2014, the Company established the
Komite Nominasi dan Remunerasi sebagai bagian Nomination and Remuneration Committee as part of
dari upaya memperkuat implementasi tata efforts to strengthen the implementation of GCG. The
kelola. Pembentukan Komite ini dilakukan dengan establishment of this Committee was carried out in
memperhatikan ketentuan POJK No. 34/POJK.04/2014 compliance with the provisions of OJK Regulation No.
(“POJK 34/2014”) tentang Komite Nominasi dan 34/POJK.04/2014 (“POJK 34/2014”) concerning the
Remunerasi pada Emiten atau Perusahaan Publik. Nomination and Remuneration Committee in Issuers
or Public Companies.
Piagam Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Charter
Dalam melaksanakan tugas dan tanggung jawabnya, In carrying out its duties and responsibilities, the
Komite Nominasi dan Remunerasi wajib berpedoman Nomination and Remuneration Committee is required
pada Piagam Komite Nominasi dan Remunerasi yang to refer to the Nomination and Remuneration
telah diselaraskan dengan ketentuan POJK 34/2014. Committee Charter, which has been aligned with
Piagam ini dapat diperbarui sewaktu-waktu agar the provisions of POJK 34/2014. This Charter may
tetap selaras dengan dinamika bisnis, tantangan yang be updated from time to time to remain in line with
dihadapi, serta kebutuhan Perseroan. business dynamics, emerging challenges, and the
Company’s needs.
Secara garis besar, Piagam Komite Nominasi dan In general, the Nomination and Remuneration
Remunerasi mengatur hal-hal berikut: Committee Charter regulates the following matters:
1. Latar Belakang 1. Background
2. Fungsi, Wewenang, dan Tanggung Jawab 2. Functions, Authority, and Responsibilities
3. Komposisi dan Struktur Keanggotaan 3. Composition and Membership Structure
4. Tata Cara Pengangkatan dan Masa Jabatan 4. Appointment Procedures and Term of Office
5. Tata Cara dan Prosedur Kerja 5. Work Procedures and Processes
6. Kebijakan dan Pelaksanaan Rapat 6. Meeting Policies and Implementation
7. Pelaporan Kegiatan 7. Activity Reporting
8. Independensi Komite Nominasi dan Remunerasi 8. Independence of the Nomination and
Remuneration Committee
9. Penutup 9. Closing Provisions
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05 CORPORATE GOVERNANCE
Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Dokumen Piagam Komite Nominasi dan Remunerasi The Nomination and Remuneration Committee Charter
dapat diakses melalui situs web resmi Perseroan document can be accessed through the Company’s
di https://www.trimegah.com/id/site/corporate- official website at https://www.trimegah.com/id/site/
governance/komite-di-bawah-komisaris-. corporate-governance/komite-di-bawah-komisaris-.
Tugas dan Tanggung Jawab Komite Nominasi dan Duties and Responsibilities of the Nomination and
Remunerasi Remuneration Committee
Sesuai dengan ketentuan dalam Piagam Komite In accordance with the provisions of the Nomination
Nominasi dan Remunerasi, berikut ini adalah uraian and Remuneration Committee Charter, the following
mengenai tugas dan tanggung jawab Komite Nominasi outlines the duties and responsibilities of the Company’s
dan Remunerasi Perseroan: Nomination and Remuneration Committee:
Fungsi Nominasi Nomination Function
1. Memberikan rekomendasi kepada Dewan 1. Provide recommendations to the Board of
Komisaris mengenai: Commissioners regarding:
a) Susunan dan jumlah anggota Direksi atau a) The composition and number of members
Dewan Komisaris of the Board of Directors or Board of
Commissioners
b) Kebijakan dan kriteria untuk proses b) Policies and criteria for the appointment
penunjukan process
c) Kebijakan pengelolaan kinerja untuk anggota c) Performance management policies for
Direksi atau Dewan Komisaris members of the Board of Directors or Board
of Commissioners
209
d) Program pengembangan bagi anggota d) Development programs for members of the
Direksi atau Dewan Komisaris Board of Directors or Board of Commissioners
2. Membantu Dewan Komisaris dalam memperoleh 2. Assist the Board of Commissioners in obtaining
dan menganalisis data calon anggota Direksi atau and analyzing data on candidates for the Board
Dewan Komisaris untuk diangkat dalam RUPS. of Directors or Board of Commissioners to be
appointed at the GMS.
3. Membantu Dewan Komisaris dalam membuat 3. Assist the Board of Commissioners in formulating
kebijakan umum personel. general personnel policies.
4. Menyimpan database calon anggota Direksi atau 4. Maintain a database of candidates for the Board of
Dewan Komisaris. Directors or Board of Commissioners.
Fungsi Remunerasi Remuneration Function
1. Memberikan rekomendasi kepada Dewan 1. Provide recommendations to the Board of
Komisaris tentang: Commissioners regarding:
a) Struktur remunerasi a) Remuneration structure
b) Kebijakan remunerasi b) Remuneration policies
c) Sistem remunerasi Direksi atau Dewan c) Remuneration system for the Board of
Komisaris Directors or Board of Commissioners
2. Membantu Dewan Komisaris dalam melakukan 2. Assist the Board of Commissioners in conducting
penilaian kinerja anggota Direksi atau Dewan performance evaluations of the members of the
Komisaris. Board of Directors or Board of Commissioners.
Kualifikasi dan Persyaratan Keanggotaan Komite Qualifications and Membership Requirements of the
Nominasi dan Remunerasi Nomination and Remuneration Committee
Perseroan menetapkan sejumlah kriteria dan kualifikasi The Company has established a set of professional
profesional yang harus dipenuhi oleh setiap anggota criteria and qualifications that must be met by each
Komite Nominasi dan Remunerasi sebagaimana diatur member of the Nomination and Remuneration
dalam POJK 34/2014. Kriteria tersebut di antaranya Committee, as stipulated in POJK 34/2014. These
mencakup aspek independensi, integritas, kompetensi, criteria include independence, integrity, competence,
2025 Annual Report
serta pengalaman profesional yang relevan dengan and professional experience relevant to overseeing the
fungsi pengawasan atas prosedur nominasi dan nomination process and remuneration determination.
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
penetapan remunerasi. Dengan pemenuhan kualifikasi By fulfilling these qualifications, the Company ensures
ini, Perseroan memastikan anggota Komite Nominasi that members of the Nomination and Remuneration
dan Remunerasi mampu menjalankan tugasnya secara Committee are able to perform their duties objectively,
objektif, profesional, dan konsisten dengan prinsip- professionally, and in accordance with the principles of
prinsip tata kelola yang baik. GCG.
Masa Jabatan Anggota Komite Nominasi dan Term of Office of the Nomination and Remuneration
Remunerasi Committee Members
Masa jabatan anggota Komite Nominasi dan The term of office of the members of the Nomination
Remunerasi disesuaikan dengan masa jabatan Dewan and Remuneration Committee is aligned with the term
Komisaris dan dapat diperpanjang hanya untuk satu of the Board of Commissioners and may be extended
periode berikutnya. Seluruh proses pengangkatan for only one subsequent term. The entire process of
dan pemberhentian anggota Komite berada di bawah appointing and dismissing Committee members falls
kewenangan Dewan Komisaris, dengan tetap mematuhi under the authority of the Board of Commissioners,
ketentuan peraturan yang berlaku. while remaining in compliance with the prevailing
regulations.
Jumlah dan Komposisi Keanggotaan Komite Number and Composition of the Nomination and
Nominasi dan Remunerasi Remuneration Committee Members
Keanggotaan Komite Nominasi dan Remunerasi The Company’s Nomination and Remuneration
Perseroan terdiri dari seorang Ketua yang juga menjabat Committee consists of a Chairperson, who also serves
sebagai Komisaris Independen, sementara anggota as an Independent Commissioner, while the other
210 lainnya berasal dari jajaran Dewan Komisaris serta members are drawn from the Board of Commissioners
pejabat satu tingkat di bawah Direksi yang membidangi and officers one level below the Board of Directors
Sumber Daya Manusia (SDM). responsible for Human Resources (HR).
Pada tahun 2025, terdapat perubahan dalam susunan In 2025, there were changes in the composition of the
keanggotaan Komite Nominasi dan Remunerasi Company’s Nomination and Remuneration Committee,
Perseroan dengan kronologi sebagai berikut: with the chronology as follows:
Periode 1 Januari 2025 – 3 September 2025
Period January 1, 2025 – September 3, 2025
Posisi di Jabatan Masa Jabatan
Nama Komite Lain di Perseroan Dasar Pengangkatan sebagai Personel Komite dan Periode
Name Position in Other Position in the Appointment Basis as Committee Personnel Term of Office
Committee Company and Period
Edy Sugito Ketua Komisaris Utama/ Surat Keputusan Dewan Komisaris No. 069/ 28 Juli 2022 –
Komisaris Independen CorSec/BoC/VII/2022.TRIM tanggal 28 Juli 2022 2027
Chairperson President Decree of the Board of Commissioners No. 069/ July 28, 2022 –
Commissioner/ CorSec/BoC/VII/2022.TRIM dated July 28, 2022 2027
Independent
Commissioner
Sunata Anggota Komisaris • Surat Keputusan Dewan Komisaris No. 022/ 3 Januari 2022-
Tjiterosampurno CorSec/BoC/I/2022.TRIM tanggal 3 Januari 2027
2022
• Surat Keputusan Dewan Komisaris No.
034/CorSec/BoC/V/2022.TRIM tanggal 1
Mei 2022
• Surat Keputusan Dewan Komisaris No.
069/CorSec/BoC/VII/2022. TRIM tanggal
28 Juli 2022
Member Commissioner • Decree of the Board of Commissioners January 3, 2022
No. 022/CorSec/BoC/I/2022.TRIM dated – 2027
January 3, 2022
PT Trimegah Sekuritas Indonesia Tbk
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Posisi di Jabatan Masa Jabatan
Nama Komite Lain di Perseroan Dasar Pengangkatan sebagai Personel Komite dan Periode
Name Position in Other Position in the Appointment Basis as Committee Personnel Term of Office
Committee Company and Period
• Decree of the Board of Commissioners No.
034/CorSec/BoC/V/2022.TRIM dated May
1, 2022
• Decree of the Board of Commissioners No.
069/CorSec/BoC/VII/2022.TRIM dated July
28, 2022
Widya Novita Anggota Kepala Divisi Human • Surat Keputusan Dewan Komisaris No. 1 Mei 2022 –
Capital & GA 034/CorSec/BoC/V/2022.TRIM tanggal 1 2027
Mei 2022
• Surat Keputusan Dewan Komisaris No.
069/CorSec/BoC/VII/2022.TRIM tanggal 28
Juli 2022
Member Head of Human Capital • Decree of the Board of Commissioners No. May 1, 2022 –
& GA Division 034/CorSec/BoC/V/2022.TRIM dated May 2027
1, 2022
• Decree of the Board of Commissioners No.
069/CorSec/BoC/VII/2022.TRIM dated July
28, 2022
Periode 3 September 2025 – 31 Desember 2025 211
Period September 3, 2025 – December 31, 2025
Posisi di Jabatan Masa Jabatan
Nama Komite Lain di Perseroan Dasar Pengangkatan sebagai Personel Komite dan Periode
Name Position in Other Position in the Appointment Basis as Committee Personnel Term of Office
Committee Company and Period
Rofikoh Rokhim Ketua Komisaris Utama/ Surat Keputusan Dewan Komisaris No. 003/ 2025 - 2030
Komisaris Independen KNR/IX/2025.TRIM tanggal 04 September
2025.
Chairperson President Commissioner/ Decree of the Board of Commissioners No. 003/
Independent KNR/IX/2025.TRIM dated September 4, 2025
Commissioner
Edy Sugito Anggota Komisaris Surat Keputusan Dewan Komisaris No. 003/ 2025-2030
KNR/IX/2025.TRIM tanggal 04 September
Member Commissioner Decree of the Board of Commissioners No. 003/
KNR/IX/2025.TRIM dated September 4, 2025
Rafika Luthfi Anggota Kepala Divisi Human Surat Keputusan Dewan Komisaris No. 003/ 2025-2030
Capital & GA KNR/IX/2025.TRIM tanggal 04 September.
Member Head of Human Capital Decree of the Board of Commissioners No. 003/
& GA Division KNR/IX/2025.TRIM dated September 4, 2025
Profil Komite Nominasi dan Remunerasi Profile of the Nomination and Remuneration
Committee
Seluruh anggota Komite Nominasi dan Remunerasi All members of the Company’s Nomination and
Perseroan merupakan Warga Negara Indonesia (WNI) Remuneration Committee are Indonesian citizens
yang memiliki integritas, kompetensi, dan pengalaman who possess integrity, competence, and professional
profesional di bidangnya masing-masing. Adapun profil experience in their respective fields. The complete
lengkap anggota Komite Nominasi dan Remunerasi profiles of the members of the Nomination and
Perseroan disajikan sebagai berikut: Remuneration Committee are presented as follows:
2025 Annual Report
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Nama Profil
Name Profile
Profil lengkap Rofikoh Rokhim yang juga menjabat sebagai Komisaris Utama/Komisaris Independen
Perseroan telah diuraikan secara lengkap pada Bab Profil Perseroan, Sub-bab Profil Dewan Komisaris.
Rofikoh Rokhim The complete profile of Rofikoh Rokhim, who also serves as the Company’s President Commissioner/
Independent Commissioner, has been comprehensively presented in the Company Profile chapter, under the
sub-section on the Board of Commissioners.
Profil lengkap Edy Sugito yang juga menjabat sebagai Komisaris Independen Perseroan telah diuraikan secara
lengkap pada Bab Profil Perseroan, Sub-bab Profil Dewan Komisaris.
Edy Sugito The complete profile of Edy Sugito, who also serves as the Company’s Independent Commissioner, has
been comprehensively presented in the Company Profile chapter, under the sub-section on the Board of
Commissioners.
Warga Negara Indonesia, usia 42 tahun, berdomisili di Jakarta. Memperoleh gelar Magister Manajemen
dari Universitas Bina Nusantara (BINUS) pada tahun 2023. Sebelumnya pernah bekerja di Bank Danamon
Indonesia sebagai HC Policy Management Analyst (2009 – 2015), Bank OCBC NISP sebagai Organization
Development Analyst (2015 - 2018), Bank KEB Hana sebagai HC Development & Strategy Head (2019 –
2020) dan Semen Indonesia Group sebagai HC Policy & Strategy (2020 – 2021). Bergabung dengan Perseroan
Rafika Luthfi pada tahun 2022 dan menjabat sebagai sebagai HC Development & Services Head sejak November 2023.
Indonesian citizen, 42 years old, domiciled in Jakarta. He earned a Master of Management degree from Bina
Nusantara University (BINUS) in 2023. He previously worked at Bank Danamon Indonesia as an HC Policy
Management Analyst (2009 – 2015), Bank OCBC NISP as an Organization Development Analyst (2015 –
2018), Bank KEB Hana as HC Development & Strategy Head (2019 – 2020), and Semen Indonesia Group as
HC Policy & Strategy (2020 – 2021). He joined the Company in 2022 and has served as HC Development &
Services Head since November 2023.
212
Independensi Komite Nominasi dan Remunerasi Independence of the Nomination and Remuneration
Committee
Komite Nominasi dan Remunerasi menjalankan The Nomination and Remuneration Committee carries
fungsinya secara independen dan profesional, out its functions independently and professionally,
tanpa adanya pengaruh atau intervensi dari pihak without any influence or intervention from parties
manapun yang dapat memengaruhi objektivitasnya. that could affect its objectivity. All members of
Seluruh anggota Komite Nominasi dan Remunerasi the Committee ensure that every decision and
memastikan bahwa setiap keputusan dan rekomendasi recommendation submitted to the Board of
yang diberikan kepada Dewan Komisaris sepenuhnya Commissioners is fully based on the best interests of
didasarkan pada kepentingan terbaik Perseroan serta the Company and aligned with the principles of Good
selaras dengan prinsip-prinsip tata kelola. Indepensi ini Corporate Governance (GCG). This independence is
juga didukung oleh pemilihan anggota yang memenuhi further supported by the selection of members who
kriteria integritas, keahlian, pengalaman, serta bebas meet the criteria of integrity, expertise, and experience,
dari hubungan keuangan atau kepemilikan yang dapat and who are free from any financial or ownership
menimbulkan konflik kepentingan. relationships that could give rise to conflicts of interest.
Rapat Komite Nominasi dan Remunerasi Meetings of the Nomination and Remuneration
Committee
Kebijakan Rapat Meeting Policy
Kebijakan Rapat Komite Nominasi dan Remunerasi The policy of the Nomination and Remuneration
menyelenggarakan rapat secara periodik sekurang- Committee is to hold meetings periodically, at least
kurangnya tiga kali dalam setahun dan pelaksanaannya three times a year, and the meetings must be attended
wajib dihadiri oleh mayoritas dari jumlah anggota by a majority of the Committee members, with one of
komite, dengan salah satu di antaranya merupakan them being the Chairperson.
Ketua Komite.
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05 CORPORATE GOVERNANCE
Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Pelaksanaan rapat dipimpin oleh Ketua Komite Meetings are chaired by the Chairperson of the
Nominasi dan Remunerasi, dan apabila yang Nomination and Remuneration Committee. If the
bersangkutan berhalangan, maka tugas tersebut Chairperson is unable to attend, this responsibility
dapat dialihkan kepada anggota lain yang ditunjuk. may be delegated to another designated member.
Keputusan yang diambil dalam rapat dinyatakan sah Decisions made during the meetings are considered
apabila dihadiri sekurang-kurangnya oleh dua pertiga valid if attended by at least two-thirds of all Committee
dari seluruh anggota Komite Nominasi dan Remunerasi members, and the decision-making process is conducted
dan mekanisme pengambilan keputusan dilakukan based on the principle of consensus.
berdasarkan prinsip musyawarah untuk mufakat.
Frekuensi dan Tingkat Kehadiran Frequency and Attendance Rate
Sepanjang tahun 2025, Komite Nominasi dan Throughout 2025, the Nomination and Remuneration
Remunerasi telah menyelenggarakan rapat sebanyak 4 Committee held 4 meetings, with the details as
kali dengan informasi sebagai berikut: follows:
Tanggal Tingkat Kehadiran
Agenda Pembahasan Attendance
No. Rapat
Discussion Agenda
Meeting Date Rofikoh Rokhim Edy Sugito Rafika Luthfi
Penerimaan Pengunduran
diri Komisaris Bapak Sunata
Tjiterosampurno dan 2.
Pencalonan Ibu Rofikoh Rokhim
15 Agustus
sebagai Komisaris Utama/ 213
2025
1 Independen √ √
August 15,
Acceptance of the resignation
2025
of Commissioner Mr. Sunata
Tjiterosampurno and nomination of
Ms. Rofikoh Rokhim as President/
Independent Commissioner
Penetapan besaran remunerasi
4 September bagi anggota Dewan Komisaris &
2025 Komite Audit
2 √ √ √
September 4, Determination of remuneration
2025 for members of the Board of
Commissioners & Audit Committee
10 September Pembahasan terkait Struktur
2025 Organisasi Perseroan
3 √ √ √
September 10, Discussion on the Company’s
2025 Organizational Structure
Pembahasan dan Rekomendasi
terkait Tata Kelola Perusahaan
18 September khususnya terkait pengelolaan SDM
2025 dan Pengadaan
4 √ √ √
September 18, Discussion and recommendations
2025 on Corporate Governance,
particularly regarding HR
management and Procurement
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
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Komite di bawah Dewan Komisaris
Committees under the Board of Commissioners
Pelatihan dan Peningkatan Kompetensi Komite Training and Competency Development of the
Nominasi dan Remunerasi Nomination and Remuneration Committee
Daftar Pelatihan dan/atau Pengembangan List of Training and/or Competency Development
Kompetensi Komite Nominasi dan Remunerasi Tahun Activities of the Nomination and Remuneration
2025 Committee in 2025
Sepanjang tahun 2025, anggota Komite Nominasi Throughout 2025, members of the Company’s
dan Remunerasi Perseroan telah mengikuti berbagai Nomination and Remuneration Committee participated
kegiatan pelatihan, seminar, workshop, dan kegiatan in various training programs, seminars, workshops,
pengembangan profesional lainnya. Uraian lengkap and other professional development activities. The
terkait partisipasi tersebut disajikan pada tabel berikut complete details of their participation are presented in
ini the following table:
Nama Materi Pelatihan Penyelenggara Tanggal Pelaksana
Name Training Topic Organizer Implementation Date
Informasi pelatihan tersedia pada Bab Tata Kelola Perusahaan, Sub-bab Dewan Komisaris
dalam Laporan Tahunan ini.
Rofikoh Rokhim
Training information is available in Chapter Corporate Governance, Sub-chapter the Board of
Commissioners in this Annual Report.
Informasi pelatihan tersedia pada Bab Tata Kelola Perusahaan, Sub-bab Dewan Komisaris
dalam Laporan Tahunan ini.
Edy Sugito
214 Training information is available in Chapter Corporate Governance, Sub-chapter the Board of
Commissioners in this Annual Report.
Rafika Luthfi - - -
Laporan Pelaksanaan Tugas dan Kegiatan Komite Report on the Implementation of Duties and
Nominasi dan Remunerasi pada Tahun 2025 Activities of the Nomination and Remuneration
Committee in 2025
Sepanjang tahun 2025, Komite Nominasi dan Throughout 2025, the Nomination and Remuneration
Remunerasi telah melaksanakan tugas dan tanggung Committee carried out its duties and responsibilities
jawabnya sesuai dengan Piagam Komite Nominasi dan in accordance with the Nomination and Remuneration
Remunerasi, antara lain meliputi: Committee Charter, which included, among others:
1. Penetapan remunerasi anggota Direksi PT 1. Determination of remuneration for the Board of
Trimegah Sekuritas Indonesia Tbk Directors of PT Trimegah Sekuritas Indonesia Tbk
2. Penetapan remunerasi anggota Direksi PT 2. Determination of remuneration for the Board of
Trimegah Asset Management Directors of PT Trimegah Asset Management
3. Review tunjangan anggota Direksi PT Trimegah 3. Review of allowances for the Board of Directors of
Sekuritas Indonesia Tbk PT Trimegah Sekuritas Indonesia Tbk
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Komite di bawah Direksi
Committees under the Board of Directors
Komite-komite di bawah Direksi Committees under the Board of Directors
Dalam melaksanakan tugas dan tanggung jawabnya, In carrying out its duties and responsibilities, the Board
Direksi dibantu oleh komite-komite pendukung yang of Directors is assisted by supporting committees that
memegang peran strategis dalam berbagai aspek play a strategic role in various operational aspects
operasional Perseroan, komite tersebut meliputi Komite of the Company, these committees include the Risk
Manajemen Risiko dan Komite Human Capital. Kedua Management Committee and the Human Capital
komite tersebut bertugas membantu Direksi dalam Committee. Both committees assist the Board of
pengambilan keputusan serta pengawasan kebijakan di Directors in decision-making process as well as in
masing-masing bidang. overseeing policies within their respective areas.
Komite Manajemen Risiko Risk Management Committee
Perseroan membentuk Komite Manajemen Risiko dalam The Company established the Risk Management
rangka memperkuat kualitas penerapan manajemen Committee to strengthen the quality of risk
risiko termasuk proses identifikasi, pengukuran, management implementation, including the
pemantauan, dan pengendalian risiko material. processes of identifying, measuring, monitoring,
Pembentukan Komite Manajemen Risiko dituangkan and controlling material risks. The establishment
dalam Surat Dewan Komisaris No. 05/RM/SKDEKOM/ of the Risk Management Committee is stipulated
XII/2022.TRIM tentang Penonaktifan Komite in the Board of Commissioners’ Letter No. 05/RM/
Manajemen Risiko Terintegrasi dan Pembentukan SKDEKOM/XII/2022.TRIM regarding the Deactivation
Komite Manajemen Risiko (KMR) PT Trimegah Sekuritas of the Integrated Risk Management Committee and
Indonesia Tbk, yang kemudian diperbaharui dengan the Establishment of the Risk Management Committee
Surat Keputusan Dewan Komisaris No. 011/RM/ (KMR) of PT Trimegah Sekuritas Indonesia Tbk, which
SKDEKOM/XI/2025.TRIM. was subsequently updated through the Board of 215
Commissioners Decree No. 011/RM/SKDEKOM/
XI/2025.TRIM.
Dasar Pembentukan Komite Manajemen Risiko Basis for the Establishment of the Risk Management
Committee
Pembentukan Komite Manajemen Risiko merupakan The establishment of the Risk Management Committee
wujud kepatuhan Perseroan terhadap POJK No. 06/ reflects the Company’s compliance with POJK No. 06/
POJK.04/2021 mengenai Penerapan Manajemen POJK.04/2021 concerning the Implementation of Risk
Risiko bagi Perusahaan Efek yang beroperasi sebagai Management for Securities Companies operating as
Penjamin Emisi Efek dan Perantara Pedagang Efek yang Underwriters and Broker-Dealers that are Members of
merupakan Anggota Bursa Efek (“POJK 6/2021”). the Stock Exchange (“POJK 6/2021”).
Piagam Komite Manajemen Risiko Risk Management Committee Charter
Untuk mendukung efektivitas pelaksanaan fungsi To support the effective implementation of its functions
dan perannya dalam membantu Direksi, Perseroan and role in assisting the Board of Directors, the Company
memperlengkapi Komite Manajemen Risiko dengan has provided the Risk Management Committee with
suatu pedoman tertulis yang menjadi acuan kerja resmi. a written charter that serves as its official working
Pedoman tersebut memberikan kejelasan mengenai guideline. The charter provides clarity regarding the
batasan tugas, mekanisme pengambilan keputusan, scope of duties, decision-making mechanisms, and risk
serta ruang lingkup pengawasan risiko secara objektif, oversight in an objective, consistent, and structured
konsisten, dan terarah. Dengan begitu, setiap anggota manner. Accordingly, each committee member is
komite dapat menjalankan fungsinya secara optimal able to perform his or her functions optimally and in
dan selaras dengan tujuan Perseroan. alignment with the Company’s objectives.
Piagam Komite Manajemen Risiko disusun berdasarkan The Risk Management Committee Charter is prepared
ketentuan POJK 6/2021 serta memuat pengaturan in accordance with POJK 6/2021 and sets forth
mengenai: provisions regarding:
1. Tujuan Pembentukan 1. Objectives of Establishment
2. Struktur 2. Structure
2025 Annual Report
3. Wewenang dan Tanggung Jawab 3. Authorities and Responsibilities
4. Tipe Risiko yang Menjadi Ruang Lingkup Pengawasan 4. Types of Risks within the Scope of Oversight
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Komite di bawah Direksi
Committees under the Board of Directors
Dokumen Piagam Komite Nominasi dan Remunerasi The Risk Management Committee Charter document
dapat diakses melalui situs web resmi Perseroan can be accessed through the Company’s official website
di: https://www.trimegah.com/id/site/corporate- at: https://www.trimegah.com/id/site/corporate-
governance/komite-di-bawah-direksi. governance/komite-di-bawah-direksi.
Tugas dan Tanggung Jawab Komite Manajemen Risiko Duties and Responsibilities of the Risk Management
Committee
Komite Manajemen Risiko memiliki tanggung jawab The Risk Management Committee is responsible for
untuk menyampaikan analisis dan rekomendasi kepada providing analysis and recommendations to the Board
Direksi Perseroan, dengan cakupan tugas yang paling of Directors of the Company, with duties that at a
sedikit meliputi: minimum include:
1. Menyusun kebijakan, strategi, dan pedoman 1. Formulating policies, strategies, and guidelines for
penerapan Manajemen Risiko. the implementation of Risk Management.
2. Memperbaiki atau menyempurnakan pelaksanaan 2. Improving or enhancing the implementation of
Manajemen Risiko berdasarkan hasil evaluasi Risk Management based on the evaluation results
pelaksanaan Manajemen Risiko. of its execution.
3. Menetapkan hal yang terkait dengan keputusan 3. Determining matters related to business decisions
bisnis yang menyimpang dari prosedur normal. that deviate from normal procedures.
Jumlah dan Komposisi Keanggotaan Komite Number and Composition of the Risk Management
Manajemen Risiko Committee
216 Seluruh anggota Komite Manajemen Risiko diangkat All members of the Risk Management Committee
dan diberhentikan oleh Dewan Komisaris. Komite are appointed and dismissed by the Board of
ini terdiri dari sekurang-kurangnya seorang anggota Commissioners. The Committee consists of at least
Direksi yang bertindak sebagai Ketua Komite, satu one member of the Board of Directors who serves as
anggota Direksi lainnya, serta seorang Pejabat di bawah the Chairman of the Committee, another member of
Direksi yang membawahkan fungsi Manajemen Risiko the Board of Directors, and an Officer reporting to the
di Perseroan. Board of Directors who oversees the Risk Management
function within the Company.
Adapun susunan anggota Komite Manajemen Risiko per The composition of the Risk Management Committee
31 Desember 2025 adalah sebagai berikut: as of December 31, 2025 is presented as follows:
Posisi di Jabatan Masa Jabatan
Nama Komite Lain di Perseroan Dasar Pengangkatan sebagai Personel Komite dan Periode
Name Position on the Other Position in the Basis of Appointment as Committee Member Term of Office
Committee Company and Period
Philmon Ketua • Direktur Utama Surat Keputusan Dewan Komisaris No. 010/RM/ Desember 2023
Samuel • Ketua merangkap SKDEKOM/XII/2023.TRIM tentang Perubahan Surat – sekarang
Tanuri anggota Komite Keputusan Dewan Komisaris PT Trimegah Sekuritas
Human Capital Indonesia Tbk No. 05/RM/SKDEKOM/XII/2022.TRIM
tentang Penonaktifan Komite Manajemen Risiko
Terintegrasi dan Pembentukan Komite Manajemen
Risiko PT Trimegah Sekuritas Indonesia Tbk.
Chairman • President Director Decree of the Board of Commissioners No. 010/RM/ December 2023
• Chairman SKDEKOM/XII/2023.TRIM concerning Changes to The – present
concurrently serving Decree of the Board of Commissioners of PT Trimegah
as member of the Sekuritas Indonesia Tbk No. 05/RM/SKDEKOM/
Human Capital XII/2022.TRIM concerning Deactivation of the Integrated
Committee Risk Management Committee and Establishment of the
Risk Management Committee of PT Trimegah Sekuritas
Indonesia Tbk.
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Komite di bawah Direksi
Committees under the Board of Directors
Posisi di Jabatan Masa Jabatan
Nama Komite Lain di Perseroan Dasar Pengangkatan sebagai Personel Komite dan Periode
Name Position on the Other Position in the Basis of Appointment as Committee Member Term of Office
Committee Company and Period
David Anggota Direktur Surat Keputusan Dewan Komisaris No. 010/RM/ Desember 2023
Agus SKDEKOM/XII/2023.TRIM tentang Perubahan Surat – sekarang
Keputusan Dewan Komisaris PT Trimegah Sekuritas
Indonesia Tbk No. 05/RM/SKDEKOM/XII/2022.TRIM
tentang Penonaktifan Komite Manajemen Risiko
Terintegrasi dan Pembentukan Komite Manajemen
Risiko PT Trimegah Sekuritas Indonesia Tbk.
Member Director Decree of the Board of Commissioners No. 010/ December 2023
RM/SKDEKOM/XII/2023.TRIM concerning Changes – present
to The Decree of the Board of Commissioners of
PT Trimegah Sekuritas Indonesia Tbk No. 05/RM/
SKDEKOM/XII/2022.TRIM concerning Deactivation
of the Integrated Risk Management Committee and
Establishment of the Risk Management Committee of
PT Trimegah Sekuritas Indonesia Tbk.
Anung Anggota Direktur Surat Keputusan Dewan Komisaris No. 011/RM/ November 2025
Rony SKDEKOM/XI/2025.TRIM tentang Penyesuaian Komite – sekarang
Hascaryo Manajemen Risiko dan Penonaktifan Surat Keputusan
Dewan Komisaris PT Trimegah Sekuritas Indonesia Tbk
No. 010/RM/SKDEKOM/XII/2023.TRIM.
Member Director Decree of the Board of Commissioners No. 011/RM/ November 2025
SKDEKOM/XI/2025.TRIM concerning the Adjustment of – present 217
the Risk Management Committee and the Revocation
of the Decree of the Board of Commissioners of
PT Trimegah Sekuritas Indonesia Tbk No. 010/RM/
SKDEKOM/XII/2023.TRIM.
Sunardi Anggota Kepala Divisi Corporate Surat Keputusan Dewan Komisaris No. 010/RM/ Desember 2023
Risk Management & SKDEKOM/XII/2023.TRIM tentang Perubahan Surat – November
Compliance Keputusan Dewan Komisaris PT Trimegah Sekuritas 2025
Indonesia Tbk No. 05/RM/SKDEKOM/XII/2022.TRIM
tentang Penonaktifan Komite Manajemen Risiko
Terintegrasi dan Pembentukan Komite Manajemen
Risiko PT Trimegah Sekuritas Indonesia Tbk.
Member Head of Corporate Decree of the Board of Commissioners No. 010/ December 2023
Risk Management & RM/ SKDEKOM/XII/2023.TRIM concerning Changes – November
Compliance Division to The Decree of the Board of Commissioners of 2025
PT Trimegah Sekuritas Indonesia Tbk No. 05/RM/
SKDEKOM/ XII/2022.TRIM concerning Deactivation
of the Integrated Risk Management Committee and
Establishment of the Risk Management Committee of
PT Trimegah Sekuritas Indonesia Tbk.
Alwin Anggota Corporate Risk Surat Keputusan Dewan Komisaris No. 011/RM/ November 2025
Januar Management & Anti SKDEKOM/XI/2025.TRIM tentang Penyesuaian Komite – sekarang
Fraud Manajemen Risiko dan Penonaktifan Surat Keputusan
Dewan Komisaris PT Trimegah Sekuritas Indonesia Tbk
No. 010/RM/SKDEKOM/XII/2023.TRIM.
Member Corporate Risk Decree of the Board of Commissioners No. 011/RM/ November 2025
Management & Anti- SKDEKOM/XI/2025.TRIM concerning the Adjustment of – present
Fraud the Risk Management Committee and the Revocation
of the Decree of the Board of Commissioners of
PT Trimegah Sekuritas Indonesia Tbk No. 010/RM/
SKDEKOM/XII/2023.TRIM.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Direksi
Committees under the Board of Directors
Profil Komite Manajemen Risiko Profile of the Risk Management Committee
Seluruh anggota Komite Manajemen Risiko Perseroan All members of the Company’s Risk Management
merupakan Warga Negara Indonesia (WNI) yang Committee are Indonesian citizens who possess
memiliki integritas, kompetensi, dan pengalaman integrity, competence, and professional experience
profesional di bidangnya masing-masing. Adapun profil in their respective fields. The complete profiles of
lengkap anggota Komite Manajemen Risiko Perseroan the members of the Company’s Risk Management
disajikan sebagai berikut: Committee are presented as follows:
Nama Profil
Name Profile
Philmon Samuel Profil lengkap dapat dilihat pada Bab Profil Perusahaan, Sub-bab Profil Direksi, dalam Laporan
Tanuri Tahunan ini.
The complete profile can be found in the Company Profile Chapter, Board of Directors Profile Sub-
chapter, in this Annual Report.
David Agus Profil lengkap dapat dilihat pada Bab Profil Perusahaan, Sub-bab Profil Direksi, di dalam Laporan
Tahunan ini.
The complete profile can be found in the Company Profile Chapter, Board of Directors Profile Sub-
chapter, in this Annual Report.
Anung Rony Profil lengkap dapat dilihat pada Bab Profil Perusahaan, Sub-bab Profil Direksi, di dalam Laporan
Hascaryo Tahunan ini.
The complete profile can be found in the Company Profile Chapter, Board of Directors Profile Sub-
218 chapter, in this Annual Report.
Sunardi • Sarjana Ekonomi Jurusan Akuntansi dan Universitas Kristen Kridawacana, Jakarta (2000).
Certified Risk Professional (2022) & Certified in Risk Governance Professional (2019).
• Bergabung di KAP Thomas Iguna (2000-2004) sebagai Auditor Supervisor, PT Bank Global
Internasional Tbk (2004-2004) sebagai internal audit, PT Clipan Finance Indonesia Tbk (2004-
2005) sebagai Accountant, PT Agung Wahana Indonesia (2005-2008) sebagai Internal Audit
Chief, PT Ciptadana Capital (2008-2011) sebagai Internal Audit, dan PT Equator Securities (2011-
2013) Compliance Manager.
• Selanjutnya, bergabung dengan Perseroan pada tahun 2013 sebagai Head of Risk Management,
lalu menjabat sebagai Head of Corporate Risk Management & Compliance pada tahun 2018
hingga November 2025.
• Bachelor of Economics majoring in Accounting from Kridawacana Christian University,
Jakarta (2000). Certified Risk Professional Certification (2022) & Certified in Risk Governance
Professional (2019).
• Joined Public Accounting Firm Thomas Iguna (2000-2004) as Auditor Supervisor, PT Bank Global
Internasional Tbk (2004-2004) as internal audit, PT Clipan Finance Indonesia Tbk (2004-2005)
as Accountant, PT Agung Wahana Indonesia (2005-2008) as Internal Audit Chief, PT Ciptadana
Capital (2008-2011) as an Internal Audit, and PT Equator Securities (2011-2013) as Compliance
Manager.
• Joined the Company in 2013 as Head of Risk Management, then serves as Head of Corporate Risk
Management & Compliance in 2018 until November 2025.
Alwin Januar • Sarjana Sains Jurusan Matematika dari Universitas Katolik Parahyangan, Bandung (2011), dan
Margister Manajemen dari PPM School of Management, Jakarta (2015). Certified Anti Fraud
Professional (2024).
• Bergabung dengan Perseroan pada Juni 2015 sebagai Management Trainee. Risk Management
Manager (2017-2024). Risk Management Head (Desember 2024- November 2025), Head of
Corporate Risk Management and Anti Fraud (November 2025 – Sekarang)
• Bachelor of Science majoring in Mathematics from Parahyangan Catholic University, Bandung
(2011), and Master of Management from PPM School of Management, Jakarta (2015). Certified
Anti-Fraud Professional (2024).
• Joined the Company in June 2015 as Management Trainee. Risk Management Manager (2017–
2024), Risk Management Head (December 2024–November 2025), Head of Corporate Risk
Management and Anti-Fraud (November 2025–present).
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Komite di bawah Direksi
Committees under the Board of Directors
Independensi Komite Manajemen Risiko Independence of the Risk Management Committee
Komite Manajemen Risiko senantiasa menjalankan The Risk Management Committee consistently carries
tugas dan tanggung jawabnya secara profesional dan out its duties and responsibilities in a professional and
independen dalam mengawasi serta mengevaluasi independent manner in overseeing and evaluating the
penerapan sistem manajemen risiko di Perseroan. implementation of the Company’s risk management
Melalui pengawasan yang konsisten dan terstruktur, system. Through consistent and structured supervision,
komite memastikan terbentuknya pilar-pilar the committee ensures the establishment of strong risk
manajemen risiko yang kokoh sebagai landasan management foundations as the basis for the Company’s
keberlanjutan bisnis Perseroan. Dalam menjaga business sustainability. In maintaining its independence,
independensinya, setiap anggota komite bertindak each committee member acts in accordance with the
berdasarkan prinsip kehati-hatian serta mematuhi prudential principle and complies with all applicable
seluruh kebijakan dan prosedur yang berlaku, policies and procedures, without interference from any
tanpa intervensi dari pihak manapun yang dapat party that may affect the objectivity and integrity of
memengaruhi objektivitas dan integritas proses the decision-making process.
pengambilan keputusan.
Rapat Komite Manajemen Risiko Meetings of the Risk Management Committee
Kebijakan Rapat Meeting Policy
Rapat Komite Manajemen Risiko wajib diselenggarakan Risk Management Committee meetings shall be held
sekurang-kurangnya satu kali dalam satu tahun. at least once a year. The meetings are chaired by the
Pelaksanaan rapat dipimpin oleh Ketua Komite Chairperson of the Risk Management Committee,
Manajemen Risiko, dan apabila yang bersangkutan and in the event of his or her absence, the role
berhalangan, tugas tersebut dapat dialihkan kepada may be delegated to another designated member. 219
anggota lain yang ditunjuk. Keputusan rapat dinyatakan Meeting resolutions are deemed valid if the meeting
sah apabila rapat dihadiri oleh sekurang-kurangnya dua is attended by at least two-thirds of all members of
pertiga dari seluruh anggota Komite Manajemen Risiko, the Risk Management Committee, and the decision-
dan mekanisme pengambilan keputusan dilakukan making process is conducted based on the principle of
berdasarkan prinsip musyawarah untuk mufakat. deliberation to reach consensus.
Frekuensi dan Tingkat Kehadiran Frequency and Attendance Rate
Sepanjang tahun 2025, Komite Manajemen Risiko Throughout 2025, the Risk Management Committee
telah menyelenggarakan rapat sebanyak 1 kali dengan held 1 meeting with the following details:
informasi sebagai berikut:
Tingkat Kehadiran
Attendance
Tanggal Rapat Agenda Pembahasan
No. Philmon
Meeting Date Agenda David Anung Rony Alwin
Samuel Sunardi
Agus Hascaryo* Januar*
Tanuri
1. 17 Feb 2025 Sosialisasi Laporan POJK No.6 POJK.04/2021
tentang Penerapan Manajemen Risiko bagi
Perusahaan Efek yang Melakukan Kegiatan
Usaha Sebagai Penjamin Emisi Efek dan
Perantara Pedagang Efek yang Merupakan
Anggota Bursa Efek.
√ √ √ √
February 17, Dissemination of POJK No. 6/POJK.04/2021
2025 regarding the Implementation of Risk
Management for Securities Companies
Conducting Business Activities as
Underwriters and Broker-Dealers that are
Members of the Stock Exchange
*) Sesuai dengan Surat Keputusan Dewan Komisaris No. 011/RM/SKDEKOM/XI/2025.TRIM tentang Penyesuaian Komite
Manajemen Risiko dan Penonaktifan Surat Keputusan Dewan Komisaris PT Trimegah Sekuritas Indonesia Tbk No. 010/RM/
SKDEKOM/XII/2023.TRIM.
2025 Annual Report
In accordance with the Decree of the Board of Commissioners No. 011/RM/SKDEKOM/XI/2025.TRIM concerning the Adjustment
of the Risk Management Committee and the Revocation of the Decree of the Board of Commissioners of PT Trimegah Sekuritas
Indonesia Tbk No. 010/RM/SKDEKOM/XII/2023.TRIM.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Direksi
Committees under the Board of Directors
Pelatihan dan Peningkatan Kompetensi Komite Training and Competency Development of the
Manajemen Risiko Risk Management Committee in 2025
Sepanjang tahun 2025, seluruh anggota Komite Throughout 2025, all members of the Company’s Risk
Manajemen Risiko Perseroan telah mengikuti berbagai Management Committee participated in various training
kegiatan pelatihan, seminar, workshop, dan kegiatan programs, seminars, workshops, and other professional
pengembangan profesional lainnya. Uraian lengkap development activities. Detailed information regarding
terkait partisipasi tersebut disajikan pada tabel berikut their participation is presented in the following table:
ini:
Nama Materi Pelatihan Penyelenggara Tanggal
Name Training Topic Organizer Date
Philmon Samuel Pelatihan yang diikuti dapat dilihat pada Bab Tata Kelola Perusahaan, Sub-bab Direksi, di dalam laporan tahunan ini.
Tanuri
List of training is available in the Corporate Governance Chapter, Sub-chapter of the Board of Directors, in this
annual report.
David Agus Pelatihan yang diikuti dapat dilihat pada Bab Tata Kelola Perusahaan, Sub-bab Direksi, di dalam laporan tahunan ini.
List of training is available in the Corporate Governance Chapter, Sub-chapter of the Board of Directors, in this
annual report.
Anung Rony Pelatihan yang diikuti dapat dilihat pada Bab Tata Kelola Perusahaan, Sub-bab Direksi, di dalam laporan tahunan ini.
Hascaryo
List of training is available in the Corporate Governance Chapter, Sub-chapter of the Board of Directors, in this
annual report.
220
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Komite di bawah Direksi
Committees under the Board of Directors
Nama Materi Pelatihan Penyelenggara Tanggal
Name Training Topic Organizer Date
Sunardi Peningkatan Awareness Otoritas Jasa Keuangan 6 Maret 2025
Terhadap Risiko Tindak Pidana
terkait Investment Fraud dan
Green Financial Crime
Enhancing Awareness of Financial Services Authority March 6, 2025
Criminal Risk Related to
Investment Fraud and Green
Financial Crime
Data Science, Machine Learning, LSPMR 17 Maret 2025
and Artificial Intellegence for March 17, 2025
Risk Management Applications
Awareness Training Veda Praxis 18 Maret 2025
Implementasi UU Pelindungan
Data Pribadi
Awareness Training on the March 18, 2025
Implementation of the Personal
Data Protection Law
Meneropong Masa Depan Pasar Otoritas Jasa Keuangan 17 April 2025
Emas Indonesia: Peran Strategis
Bullion Bank
Looking Ahead to the Future of Financial Services Authority April 17, 2025
Indonesia’s Gold Market: The 221
Strategic Role of Bullion Banks
Efek Domino Tarif Trump: Otoritas Jasa Keuangan 15 Mei 2025
Ancaman atau Peluang bagi
Ekonomi Indonesia?
The Domino Effect of Trump Financial Services Authority May 15, 2025
Tariffs: Threat or Opportunity
for the Indonesian Economy?
Recognition Current TAP Kapital Indonesia 27-28 Mei 2025
Compentency
Recognition of Current May 27–28, 2025
Competency
Penerapan Strategi Anti Fraud TICMI 22-23 Oktober 2025
dan Keamanan Siber terkait
Perlindungan Aset Pemodal di
Pasar Modal Indonesia
Implementation of Anti-Fraud October 22–23, 2025
Strategy and Cybersecurity
Related to Investor Asset
Protection in the Indonesian
Capital Market
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Direksi
Committees under the Board of Directors
Nama Materi Pelatihan Penyelenggara Tanggal
Name Training Topic Organizer Date
Alwin Januar Awareness Training Veda Praxis 18 Maret 2025
Implementasi UU Pelindungan
Data Pribadi
Awareness Training on the March 18, 2025
Implementation of the Personal
Data Protection Law
Jenjang Kualifikasi 5 Bidang TICMI 9 – 19 Desember 2025
Pasar Modal Sub-bidang
Manajemen Risiko
Qualification Level 5 Capital December 9–19, 2025
Market Sector
Penerapan Strategi Anti Fraud TICMI 22-23 Oktober 2025
dan Keamanan Siber terkait
Perlindungan Aset Pemodal di
Pasar Modal Indonesia
Implementation of Anti-Fraud October 22–23, 2025
Strategy and Cybersecurity
Related to Investor Asset
Protection in the Indonesian
Capital Market
222
Laporan Pelaksanaan Tugas dan Kegiatan Komite Report on the Implementation of Duties and Activities
Manajemen Risiko pada Tahun 2025 of the Risk Management Committee in 2025
Sepanjang tahun 2025, Komite Manajemen Risiko Throughout 2025, the Risk Management Committee
telah melaksanakan tugas dan tanggung jawabnya carried out its duties and responsibilities as stipulated
sebagaimana diatur dalam Piagam Komite Manajemen in the Risk Management Committee Charter, which
Risiko, yaitu sebagai berikut: include the following:
a. Penyusunan kebijakan, strategi, dan pedoman a. Formulating policies, strategies, and guidelines for
penerapan Manajemen Risiko. the implementation of Risk Management.
b. Perbaikan atau penyempurnaan pelaksanaan b. Improving or refining the implementation of
Manajemen Risiko berdasarkan hasil evaluasi Risk Management based on the results of risk
pelaksanaan Manajemen Risiko. management evaluations.
c. Penetapan hal yang terkait dengan keputusan c. Determining matters related to business decisions
bisnis yang menyimpang dari prosedur normal. that deviate from established procedures.
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Komite di bawah Direksi
Committees under the Board of Directors
Komite Human Capital Human Capital Committee
Direksi membentuk Komite Human Capital untuk The Board of Directors established the Human Capital
mendukung upaya pengelolaan sumber daya manusia Committee to support the Company’s efforts in
(SDM) Perseroan secara optimal. Ruang lingkup tugas optimally managing human resources (HR). The scope
Komite Human Capital setidaknya mencakup: of the Human Capital Committee’s duties includes, at
a minimum:
1. Penyusunan rencana strategis pengelolaan dan 1. Developing strategic plans for HR management
pengembangan SDM. and development.
2. Penetapan kebijakan kompensasi dan benefit 2. Establishing policies on employee compensation
karyawan. and benefits.
3. Pelaksanaan manajemen penilaian kinerja. 3. Implementing performance appraisal
management.
4. Pengembangan iklim kerja yang kondusif. 4. Fostering a conducive work environment.
5. Pengembangan budaya perusahaan. 5. Developing the corporate culture.
Komite Human Capital bertanggung jawab kepada The Human Capital Committee reports to the Board
Direksi dan secara berkala menyampaikan laporan atas of Directors and periodically submits reports on the
pelaksanaan tugas dan kegiatannya kepada Direksi implementation of its duties and activities to the
Perseroan. Company’s Board of Directors.
Piagam Komite Human Capital Human Capital Committee Charter
Perseroan memiliki Piagam Komite Human Capital yang The Company has a Human Capital Committee Charter,
telah disahkan oleh Direksi pada tanggal 28 November which was approved by the Board of Directors on 223
2014 dan diperbarui pada 16 April 2025 berdasarkan November 28, 2014, and updated on April 16, 2025,
Surat Keputusan Direksi No. KEP: SK.002/BOD/PT-DA- pursuant to the Board of Directors’ Decree No. KEP:
AH/IV/2025.TRIM tentang Komite Human Capital PT SK.002/BOD/PT-DA-AH/IV/2025.TRIM concerning the
Trimegah Sekuritas Indonesia Tbk. Secara garis besar, Human Capital Committee of PT Trimegah Sekuritas
piagam ini mengatur syarat dan ketentuan Komite Indonesia Tbk. In general, this Charter governs the
Human Capital yang berlaku di Perseroan maupun terms and conditions of the Human Capital Committee
Anak Perusahaan (secara kolektif disebut ”Kelompok applicable to both the Company and its Subsidiaries
Perusahaan”). Piagam Komite Human Capital ditinjau (collectively referred to as the “Corporate Group”).
dan dikaji secara berkala minimal sekali dalam setahun, The Human Capital Committee Charter is reviewed
dan apabila diperlukan piagam ini dapat diperbarui periodically, at least once a year, and may be updated
agar tetap selaras dengan kebutuhan organisasi dan as necessary to remain aligned with organizational
perkembangan Perseroan. needs and the Company’s developments.
Tugas dan Tanggung Jawab Komite Human Capital Duties and Responsibilities of the Human Capital
Committee
Sebagaimana diatur dalam Piagam Komite Human As stipulated in the Human Capital Committee Charter,
Capital, tugas utama Komite Human Capital antara lain the primary duties of the Human Capital Committee
mencakup: include:
1. Memastikan pengelolaan sumber daya manusia 1. Ensuring that human resources management is
dilakukan berdasarkan prinsip-prinsip tata kelola conducted in accordance with the principles of
yang baik. GCG.
2. Memberikan rekomendasi dan menetapkan 2. Providing recommendations and establishing
rencana strategis pengelolaan dan pengembangan strategic plans for the management and
sumber daya manusia. development of human resources.
3. Menetapkan sistem kompensasi dan benefit 3. Establishing an effective employee compensation
yang efektif bagi karyawan (gaji, bonus, program and benefits system, including salaries, bonuses,
retensi, benefit, dan lainnya). retention programs, benefits, and others.
4. Menetapkan kebijakan dan strategi terkait 4. Establishing policies and strategies related to
manajemen talenta perusahaan di antaranya; corporate talent management, including talent
2025 Annual Report
identifikasi talenta, perencanaan suksesi serta identification, succession planning, and talent
program pengembangan talenta. development programs.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Direksi
Committees under the Board of Directors
5. Membahas perselisihan hubungan industrial 5. Discussing industrial relations disputes that carry
yang berisiko diproses di Pengadilan Hubungan the risk of being brought before the Industrial
Industrial (PHI). Relations Court (PHI).
6. Melaksanakan tugas-tugas dan tanggung jawab 6. Performing other duties and responsibilities
lain yang diberikan oleh Direksi kepada Komite assigned by the Board of Directors to the Human
Human Capital. Capital Committee.
Jumlah dan Komposisi Keanggotaan Komite Human Number and Composition of the Human Capital
Capital Committee Members
Komite Human Capital terdiri dari seorang Ketua yang The Human Capital Committee consists of a
merangkap jabatan sebagai Direktur Utama Perseroan, Chairperson, who concurrently serves as the President
serta beberapa anggota komite yang masing-masing Director of the Company, as well as several Committee
merupakan Direktur Perseroan, Kepala Divisi Human members, including the Company’s Directors, the Head
Capital & GA, dan Kepala Departemen Pengembangan of Human Capital & GA Division, and the Head of HR
& Pelayanan SDM. Development & Services Department.
Berikut ini adalah susunan anggota Komite Human The composition of the Human Capital Committee as
Capital per 31 Desember 2025: of December 31, 2025, is as follows:
Periode 3 September 2025 – 31 Desember 2025
Period September 3, 2025 – December 31, 2025
Posisi Jabatan Masa Jabatan
224 Nama di Komite Lain di Perseroan Dasar Pengangkatan sebagai Personel Komite dan Periode
Name Position in Other Position in the Appointment Basis as Committee Personnel Term of Office
Committee Company and Period
Philmon Samuel Ketua • Direktur Utama Surat Keputusan Direksi No. 014/ BoD/PT-DA/ Juli 2024 –
Tanuri Chairperson • Ketua XII/2022 tentang Komite Human Capital PT sekarang
merangkap Trimegah Sekuritas Indonesia Tbk yang diperbarui
anggota Komite dengan Surat Keputusan Direksi Perseroan No. KEP:
Manajemen SK.010/BOD/PT-DA-AH/VII/2024.TRIM tentang
Risiko Komite Human Capital PT Trimegah Sekuritas
Indonesia Tbk tanggal 16 Juli 2024.
• President Board of Directors Decree No. 014/BoD/PT-DA/ July 2024 –
Director XII/2022 on the Human Capital Committee of Present
• Chairperson PT Trimegah Sekuritas Indonesia Tbk, updated
concurrently by the Company’s Board of Directors Decree No.
serving as KEP: SK.010/BOD/PT-DA-AH/VII/2024.TRIM on
a member the Human Capital Committee of PT Trimegah
of the Risk Sekuritas Indonesia Tbk dated July 16, 2024.
Management
Committee
David Agus Anggota • Direktur Surat Keputusan Direksi No. 014/ BoD/PT-DA/ Juli 2024 –
Member • Anggota Komite XII/2022 tentang Komite Human Capital PT sekarang
Manajemen Trimegah Sekuritas Indonesia Tbk yang diperbarui
Risiko dengan Surat Keputusan Direksi Perseroan No. KEP:
SK.010/BOD/PT-DA-AH/VII/2024.TRIM tentang
Komite Human Capital PT Trimegah Sekuritas
Indonesia Tbk tanggal 16 Juli 2024.
• Director Board of Directors Decree No. 014/BoD/PT-DA/ July 2024 –
• Member XII/2022 on the Human Capital Committee of Present
of the Risk PT Trimegah Sekuritas Indonesia Tbk, updated
Management by the Company’s Board of Directors Decree No.
Committee KEP: SK.010/BOD/PT-DA-AH/VII/2024.TRIM on
the Human Capital Committee of PT Trimegah
Sekuritas Indonesia Tbk dated July 16, 2024.
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Komite di bawah Direksi
Committees under the Board of Directors
Posisi Jabatan Masa Jabatan
Nama di Komite Lain di Perseroan Dasar Pengangkatan sebagai Personel Komite dan Periode
Name Position in Other Position in the Appointment Basis as Committee Personnel Term of Office
Committee Company and Period
Anung Rony Anggota Direktur Surat Keputusan Direksi Perseroan No. KEP: Juli 2024 –
Hascaryo SK.010/BOD/PT-DA-AH/VII/2024.TRIM tentang sekarang
Komite Human Capital PT Trimegah Sekuritas
Indonesia Tbk tanggal 16 Juli 2024.
Member Director Company’s Board of Directors Decree No. KEP: July 2024 –
SK.010/BOD/PT-DA-AH/VII/2024.TRIM on the Present
Human Capital Committee of PT Trimegah
Sekuritas Indonesia Tbk dated July 16, 2024.
Rafika Luthfi Anggota • Head of Human Surat Keputusan Direksi Perseroan No. KEP: Juli 2024 –
Capital & GA SK.010/BOD/PT-DA-AH/VII/2024.TRIM tentang sekarang
• Anggota Komite Komite Human Capital PT Trimegah Sekuritas
Nominasi dan Indonesia Tbk tanggal 16 Juli 2024.
Remunerasi
Member • Head of Human Company’s Board of Directors Decree No. KEP: July 2024 –
Capital & GA SK.010/BOD/PT-DA-AH/VII/2024.TRIM on the Present
• Member of the Human Capital Committee of PT Trimegah
Nomination and Sekuritas Indonesia Tbk dated July 16, 2024.
Remuneration
Committee
225
Profil Komite Human Capital Profile of the Human Capital Committee
Seluruh anggota Komite Human Capital Perseroan All members of the Company’s Human Capital
merupakan Warga Negara Indonesia (WNI) yang Committee are Indonesian citizens who possess
memiliki integritas, kompetensi, dan pengalaman integrity, competence, and professional experience
profesional di bidangnya masing-masing. Adapun profil in their respective fields. The complete profiles of
lengkap anggota Komite Human Capital Perseroan the members of the Human Capital Committee are
disajikan sebagai berikut: presented as follows:
Nama Profil
Name Profile
Philmon Samuel Tanuri Profil lengkap Philmon Samuel Tanuri tersedia pada Bab Profil Perusahaan, Sub-
bab Profil Direksi dalam Laporan Tahunan ini.
The complete profile is available in Chapter Company Profile, Sub-chapter Profile
of the Board of Directors in this Annual Report.
David Agus Profil lengkap David Agus tersedia pada Bab Profil Perusahaan, Sub-bab Profil
Direksi dalam Laporan Tahunan ini.
The complete profile is available in Chapter Company Profile, Sub-chapter Profile
of the Board of Directors in this Annual Report.
Anung Rony Hascaryo Profil lengkap Anung Rony Hascaryo tersedia pada Bab Profil Perusahaan, Sub-bab
Profil Direksi dalam Laporan Tahunan ini.
The complete profile is available in Chapter Company Profile, Sub-chapter Profile
of the Board of Directors in this Annual Report.
Rafika Luthfi Profil lengkap Rafika Luthfi tersedia pada Bab Analisis dan Pembahasan Manajemen,
Sub-bab Human Capital dalam Laporan Tahunan ini.
The complete profile is available in Chapter the Management Discussion & Analysis
2025 Annual Report
Chapter, Sub-chapter the Human Capital in this Annual Report.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Direksi
Committees under the Board of Directors
Independensi Komite Human Capital Independence of the Human Capital Committee
Seluruh anggota Komite Human Capital Perseroan All members of the Company’s Human Capital
berkomitmen untuk menjalankan tugas dan tanggung Committee are committed to performing their duties
jawabnya secara profesional tanpa pengaruh dari pihak and responsibilities professionally, without influence
mana pun serta selalu mengutamakan kepentingan from any party, and always prioritizing the interests
Perseroan. Dalam melaksanakan fungsinya, seluruh of the Company. In carrying out their functions, all
anggota komite senantiasa menjaga independensi Committee members maintain independence in
dalam setiap proses pengambilan keputusan dan every decision-making process and ensure that all
memastikan bahwa seluruh penilaian, evaluasi, dan assessments, evaluations, and recommendations are
rekomendasi diberikan secara objektif serta bebas dari provided objectively and free from conflicts of interest.
konflik kepentingan. Penerapan prinsip independensi ini The application of this principle of independence also
sekaligus mencerminkan komitmen Perseroan dalam reflects the Company’s commitment to upholding
menegakkan prinsip tata kelola yang baik pada aspek GCG principles in all aspects of human resources
pengelolaan SDM secara menyeluruh. management.
Rapat Komite Human Capital The Human Capital Committee Meeting
Kebijakan Rapat Meeting Policy
Pelaksanaan rapat Komite Human Capital wajib The Human Capital Committee is required to hold
dilakukan sekurang-kurangnya 2 kali dalam satu meetings at least twice a year. All decisions are made
tahun. Setiap keputusan diambil melalui mekanisme through a consensus mechanism. However, if consensus
musyawarah untuk mufakat. Namun, apabila mufakat cannot be reached, decisions may be determined by a
226 tidak tercapai, keputusan dapat ditetapkan berdasarkan majority vote. A meeting is considered to have met the
suara terbanyak. Rapat Komite dinyatakan memenuhi quorum if attended by at least 50% of all Committee
kuorum apabila dihadiri oleh sekurang-kurangnya 50% members.
dari seluruh anggota Komite.
Setiap rapat Komite Human Capital wajib dituangkan Minutes of each Human Capital Committee meeting
dalam risalah rapat yang didokumentasikan secara must be documented thoroughly and in an orderly
lengkap dan tertib. Apabila terdapat perbedaan manner. In the event of dissenting opinions, they
pendapat (dissenting opinions), hal tersebut wajib must be clearly recorded in the minutes along with
dicantumkan secara jelas dalam risalah rapat beserta the underlying reasons. The minutes must be stored
alasan yang melatarbelakanginya. Risalah rapat harus and distributed to all Committee members, and, if
disimpan dan didistribusikan kepada seluruh anggota necessary, also communicated to other members of the
Komite, serta apabila diperlukan disampaikan pula Board of Directors.
kepada anggota Direksi.
Anggota Komite Human Capital yang memiliki Committee members who have a conflict of interest in
benturan kepentingan dalam suatu transaksi, kontrak, a transaction, contract, or proposed contract involving
atau rencana kontrak yang melibatkan Perseroan the Company must disclose the nature of their interest
wajib mengungkapkan sifat kepentingan tersebut dan and are not entitled to vote on decisions related to the
tidak berhak memberikan suara atas keputusan yang transaction or contract, unless otherwise determined
terkait dengan transaksi atau kontrak dimaksud, kecuali by the Human Capital Committee.
apabila rapat Komite Human Capital menetapkan
ketentuan lain.
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05 CORPORATE GOVERNANCE
Komite di bawah Direksi
Committees under the Board of Directors
Frekuensi dan Tingkat Kehadiran Frequency and Attendance Rate
Sepanjang tahun 2025, Komite Human Capital telah Throughout 2025, the Human Capital Committee held 3
menyelenggarakan rapat sebanyak 3 kali dengan meetings, with the details as follows:
informasi sebagai berikut:
Tingkat Kehadiran
Tanggal Rapat Agenda Pembahasan Attendance
No.
Meeting Date Discussion Agenda Philmon Anung Rony
David Agus Rafika Luthfi
Samuel Tanuri Hascaryo
2 Mei 2025 Review Asuransi Kesehatan
1 √ √ √ √
May 2, 2025 Review of Health Insurance
Pembahasan Perubahan
22 May 2025 Peraturan Perusahaan
2 √ √ √ √
May 22, 2025 Discussion on Amendments
to Company Regulations
15 Juli 2025 Review Kebijakan KYE
3 √ √ √ √
July 15, 2025 Review of KYE Policy
Pelatihan dan Peningkatan Kompetensi Komite Training and Competency Development of the
Human Capital Human Capital Committee
Daftar Pelatihan Komite Human Capital Tahun 2025 List of Training Activities of the Human Capital 227
Committee in 2025
Sepanjang tahun 2025, anggota Human Capital Throughout 2025, members of the Company’s Human
Perseroan telah mengikuti berbagai kegiatan pelatihan, Capital Committee participated in various training
seminar, workshop, dan kegiatan pengembangan programs, seminars, workshops, and other professional
profesional lainnya. Uraian lengkap terkait partisipasi development activities. The complete details of their
tersebut disajikan pada tabel berikut ini: participation are presented in the following table:
Nama Materi Pelatihan Penyelenggara Tanggal Pelaksana
Name Training Topic Organizer Implementation Date
Philmon Samuel Informasi pelatihan lengkap tersedia pada Bab Tata Kelola Perusahaan, Sub-bab Direksi dalam
Tanuri Laporan Tahunan ini.
The complete training information is available in Chapter Corporate Governance, Sub-
chapter of the Board of Directors in this Annual Report.
David Agus Informasi pelatihan lengkap tersedia pada Bab Tata Kelola Perusahaan, Sub-bab Direksi dalam
Laporan Tahunan ini.
The complete training information is available in Chapter Corporate Governance, Sub-
chapter of the Board of Directors in this Annual Report.
Anung Rony Informasi pelatihan lengkap tersedia pada Bab Tata Kelola Perusahaan, Sub-bab Direksi dalam
Hascaryo Laporan Tahunan ini.
The complete training information is available in Chapter Corporate Governance, Sub-
chapter of the Board of Directors in this Annual Report.
Rafika Luthfi Informasi pelatihan lengkap tersedia pada Bab Tata Kelola Perusahaan, Sub-bab Komite
Nominasi dan Remunerasi, dalam Laporan Tahunan ini.
The complete training information is available in Chapter Corporate Governance, Sub-
chapter the Nomination and Remuneration Committee in this Annual Report.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Komite di bawah Direksi
Committees under the Board of Directors
Laporan Pelaksanaan Tugas dan Kegiatan Report on the Implementation of Duties and
Komite Human Capital pada Tahun 2025 Activities of the Human Capital Committee in
2025
Sepanjang tahun 2025, Komite Human Capital Throughout 2025, the Human Capital Committee
telah melaksanakan tugas dan tanggung jawabnya carried out its duties and responsibilities as stipulated
sebagaimana diatur dalam Piagam Komite Human in the Human Capital Committee Charter, which
Capital, yaitu sebagai berikut: included the following:
1. Overview kebijakan fasilitas Pinjaman Karyawan. 1. Overview of the employee loan facility policy.
2. Penetapan Internal Customer Satisfaction Index 2. Determination of the Internal Customer
sebagai bagian dari Key Performance Indicator Satisfaction Index as part of the Key Performance
(KPI) untuk support function. Indicators (KPI) for support functions.
3. Perubahan Struktur Organisasi Perseroan 3. Changes to the Company’s organizational
sehubungan dengan penambahan fungsi Anti structure in connection with the addition of
Fraud dan Bisnis Pendanaan Efek. the Anti-Fraud and Securities Funding Business
functions.
4. Pembahasan mengenai ketentuan penyesuaian 4. Discussion on the provisions for adjusting the
struktur dan skala upah Perseroan untuk berlaku Company’s wage structure and scale to be
di tahun 2026. applicable in 2026.
228
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05 CORPORATE GOVERNANCE
Sekretaris Perusahaan
Corporate Secretary
Sekretaris Perusahaan merupakan organ pendukung di The Corporate Secretary is a supporting organ under
bawah Direksi yang berperan memastikan kepatuhan the Board of Directors, responsible for ensuring the
Perseroan terhadap prinsip-prinsip tata kelola, Company’s compliance with the principles of Good
serta menjadi penghubung (liaison officer) antara Corporate Governance (GCG), as well as serving
Perseroan dan para pemangku kepentingan, termasuk as a liaison officer between the Company and its
pemegang saham, regulator, media, dan masyarakat, stakeholders, including shareholders, regulators, the
sesuai ketentuan POJK No. 35/POJK.04/2014 (“POJK media, and the public, in accordance with POJK No.
35/2014”) tentang Sekretaris Perusahaan Emiten 35/POJK.04/2014 (“POJK 35/2014”) concerning the
atau Perusahaan Publik. Dengan menjalankan fungsi Corporate Secretary of Issuers or Public Companies.
tersebut, Sekretaris Perusahaan memegang peran In performing this function, the Corporate Secretary
krusial dalam menjaga transparansi, akuntabilitas, serta plays a crucial role in maintaining transparency,
kelancaran komunikasi antara Perseroan dan seluruh accountability, and effective communication between
pemangku kepentingan. the Company and all stakeholders.
Tugas dan Tanggung Jawab Sekretaris Perusahaan Duties and Responsibilities of the Corporate
Secretary
Uraian tugas dan tanggung jawab utama Sekretaris The main duties and responsibilities of the Corporate
Perusahaan di Perseroan, antara lain: Secretary within the Company include, among others:
1. Mengikuti perkembangan pasar modal termasuk 1. Monitoring developments in the capital market,
peraturan perundang-undangan yang berlaku di including prevailing laws and regulations in the
pasar modal. capital market sector.
2. Memberikan masukan kepada Direksi dan Dewan 2. Providing advice and input to the Board of
Komisaris Perseroan untuk mematuhi peraturan Directors and the Board of Commissioners to
229
perundang-undangan di bidang pasar modal. ensure compliance with capital market laws and
regulations.
3. Membantu Direksi dan Dewan Komisaris dalam 3. Assisting the Board of Directors and the Board of
pelaksanaan tata kelola perusahaan yang meliputi: Commissioners in the implementation of good
corporate governance, including:
• Keterbukaan informasi kepada masyarakat, • Disclosure of information to the public, including
termasuk ketersediaan informasi pada situs the availability of information on the Company’s
web Perseroan. website.
• Penyampaian laporan kepada regulator. • Submission of reports to regulators.
• Penyelenggaraan dan dokumentasi Rapat • Organization and documentation of General
Umum Pemegang Saham dan Public Expose. Meetings of Shareholders and Public Expose
events.
• Penyelenggaraan dan dokumentasi rapat • Organization and documentation of joint
gabungan Direksi dan Dewan Komisaris, meetings of the Board of Directors and the Board
rapat Direksi. of Commissioners, as well as meetings of the
Board of Directors.
4. Sebagai penghubung antara Perseroan dengan 4. Acting as a liaison between the Company and its
Pemegang Saham, Regulator, dan pemangku Shareholders, Regulators, and other stakeholders.
kepentingan lainnya.
5. Memelihara daftar pemegang saham dan 5. Maintaining the shareholder register and preparing
mempersiapkan laporan kepemilikan saham 5% reports on share ownership of 5% or more of the
atau lebih dari jumlah saham Perseroan. Company’s total shares.
6. Menyelenggarakan aktivitas Tanggung Jawab 6. Organizing the Company’s Corporate Social
Sosial Perseroan. Responsibility activities.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Sekretaris Perusahaan
Sekretaris Perusahaan
Nindya Kumala Dewi
Warga Indonesia, berusia 34 tahun, berdomisili di Jakarta. Meraih gelar Sarjana Ekonomi dari Program Studi
Manajemen dengan Konsentrasi Keuangan dari Sekolah Bisnis Prasetiya Mulya (sekarang Universitas Prasetiya
Mulya) pada tahun 2013, dan Magister Administrasi Bisnis dari Sekolah Bisnis dan Manajemen Institut Teknologi
Bandung pada tahun 2018.
Beliau pertama kali bergabung dengan divisi Corporate Secretary Perseroan pada tahun 2019 dan diangkat
sebagai Sekretaris Perusahaan pada tahun 2024.
Profil Sekretaris
Perusahaan
Tidak merangkap jabatan sebagai anggota Direksi, Dewan Komisaris, dan/atau jabatan lain pada perusahaan
Profile of the
Corporate Secretary atau institusi lain.
Indonesian citizen, 34 years old, domiciled in Jakarta. She earned a Bachelor’s Degree in Economics, majoring in
Management with a concentration in Finance, from Prasetiya Mulya Business School (now Universitas Prasetiya
Mulya) in 2013, and a Master of Business Administration from the School of Business and Management, Institut
Teknologi Bandung, in 2018.
She first joined the Company’s Corporate Secretary Division in 2019 and was appointed as Corporate Secretary
in 2024.
She does not hold concurrent positions as a member of the Board of Directors, the Board of Commissioners,
and/or any other positions in other companies or institutions.
Dasar Hukum
Surat Keputusan Direksi No. 612/HC-WNO/VIII/2024.TRIM tanggal 15 Agustus 2024.
Pengangkatan
Legal Basis of
230 Appointment
Board of Directors’ Decree No. 612/HC-WNO/VIII/2024.TRIM dated August 15, 2024.
Daftar Pelatihan Sekretaris Perusahaan List of Training of the Corporate Secretary
Sebagai bagian dari komitmen penguatan kompetensi As part of the commitment to strengthening
dan profesionalisme, berikut ini adalah daftar kegiatan competency and professionalism, the following is a list
pelatihan dan peningkatan kompetensi yang telah of training and competency development programs
diikuti oleh Sekretaris Perusahaan sepanjang tahun attended by the Corporate Secretary throughout 2025:
2025:
Materi Pendidikan dan Pelatihan Penyelenggara Tanggal
Training and Education Materials Organizer Date
Webinar Sosialisasi ESG Reporting Bursa Efek Indonesia 22 Januari 2025
“ESG Reporting Socialization” Webinar Indonesia Stock Exchange January 22, 2025
Penyegaran Peraturan OJK bagi Emiten Perusahaan Publik Asosiasi Emiten Indonesia (AEI) dan 23 Januari 2025
Otoritas Jasa Keuangan
OJK Regulation Refresher for Public Company Issuers Indonesian Public Listed Companies January 23, 2025
Association (AEI) and Financial
Services Authority
Sosialisasi Peraturan OJK Nomor 45 Tahun 2024 tentang Pengembangan dan Otoritas Jasa Keuangan 6 Februari 2025
Penguatan Emiten dan Perusahaan Publik
Socialization of OJK Regulation No. 45 of 2024 concerning the Development Financial Services Authority February 6, 2025
and Strengthening of Issuers and Public Companies
Webinar Pendalaman Peraturan OJK No. 14/POJK.04/2022 tentang Indonesian Corporate Secretary 18 Februari 2025
Penyampaian Laporan Keuangan Berkala Emiten atau Perusahaan Publik Association (ICSA) dan Otoritas Jasa
Keuangan
“In-Depth Review of OJK Regulation No. 14/POJK.04/2022 concerning Indonesian Corporate Secretary February 18, 2025
Submission of Periodic Financial Reports of Issuers or Public Companies” Association (ICSA) and Financial
Webinar Services Authority
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05 CORPORATE GOVERNANCE
Sekretaris Perusahaan
Sekretaris Perusahaan
Materi Pendidikan dan Pelatihan Penyelenggara Tanggal
Training and Education Materials Organizer Date
Webinar “Pendalaman Peraturan OJK Nomor 9 Tahun 2023 tentang Indonesian Corporate Secretary 19 Maret 2025
Penggunaan Jasa Akuntan Publik dan Kantor Akuntan Publik dalam Kegiatan Association (ICSA)
Jasa Keuangan & SE OJK Nomor 18/SEOJK.03/2023 tentang Tata Cara
Penggunaan Jasa Akuntan Publik dan Kantor Akuntan Publik dalam Kegiatan
Jasa Keuangan”
“In-Depth Review of OJK Regulation No. 9 of 2023 on the Use of Public March 19, 2025
Accountant and Public Accounting Firm Services in Financial Services Activities
and OJK Circular Letter No. 18/SEOJK.03/2023 on Procedures for the Use of
Public Accountant and Public Accounting Firm Services in Financial Services
Activities” Webinar
Webinar Navigating Sustainability Reporting Standards Bursa Efek Indonesia (BEI) dan 20 Maret 2025
Asosiasi Emiten Indonesia (AEI)
Indonesia Stock Exchange (IDX) and March 20, 2025
Indonesian Public Listed Companies
Association (AEI)
Webinar “Langkah Awal dalam Membangun Inisiatif ESG: Panduan Praktis Indonesian Corporate Secretary 26 Maret 2025
untuk Perusahaan” Association (ICSA)
“Getting Started with ESG Initiatives: A Practical Guide for Companies” March 26, 2025
Webinar
Webinar “Peran Corporate Secretary dalam Mendorong Governansi, Indonesian Corporate Secretary 17 April 2025
Manajemen Risiko, dan Kepatuhan (GRK) yang Baik” Association (ICSA)
“The Role of the Corporate Secretary in Promoting Good Governance, Risk April 17, 2025
Management, and Compliance (GRC)” Webinar
231
Webinar “Pendalaman Peraturan No. I-E tentang Kewajiban Penyampaian Indonesian Corporate Secretary 22 April 2025
Informasi” Association (ICSA)
“In-Depth Review of Regulation No. I-E on Information Disclosure Obligations” April 22, 2025
Webinar
Pendalaman Peraturan OJK No. 29 Tahun 2023 tentang Pembelian Kembali Indonesian Corporate Secretary 15 Mei 2025
Saham yang dikeluarkan oleh Perusahaan Terbuka Association (ICSA)
In-Depth Review of OJK Regulation No. 29 of 2023 on Share Buybacks by May 15, 2025
Public Companies
Kesiapan Perusahaan dalam Menghadapi Volatilitas Pasar Global: Perspektif Indonesian Corporate Secretary 20 Mei 2025
Investor Relations dan Corporate Secretary Association (ICSA)
The Company’s Readiness in Navigating Global Market Volatility: An Investor May 20, 2025
Relations and Corporate Secretary Perspective
Sosialisasi Peraturan OJK Nomor 9 Tahun 2025 tentang Dematerialisasi Efek Otoritas Jasa Keuangan 19 Juni 2025
Bersifat Ekuitas dan Pengelolaan Aset yang tidak Diklaim di Pasar Modal
Socialization of OJK Regulation No. 9 of 2025 concerning the Financial Services Authority June 19, 2025
Dematerialization of Equity Securities and Management of Unclaimed Assets
in the Capital Market
Seminar Emiten 2025 PT Kliring Penjaminan Efek Indonesia 8 Juli 2025
Issuers Seminar 2025 July 8, 2025
Webinar Penerapan dan Pemahaman Peraturan OJK Nomor 14 Tahun 2025 Asosiasi Emiten Indonesia (AEI) dan 31 Juli 2025
Otoritas Jasa Keuangan
Webinar on the Implementation and Understanding of OJK Regulation Indonesian Public Listed Companies July 31, 2025
Number 14 of 2025 Association (AEI) and Financial
Services Authority
Sosialisasi Peraturan OJK Nomor 14 tahun 2025, tentang Pelaksanaan Rapat Otoritas Jasa Keuangan 26 Agustus 2025
Umum Pemegang Saham, Rapat Umum Pemegang Obligasi, dan Rapat Umum
Pemegang Sukuk Secara Elektronik
2025 Annual Report
Socialization of OJK Regulation No. 14 of 2025 concerning the Electronic Financial Services Authority August 26, 2025
Implementation of General Meetings of Shareholders, Bondholders Meetings,
and Sukuk Holders Meetings
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Sekretaris Perusahaan
Sekretaris Perusahaan
Materi Pendidikan dan Pelatihan Penyelenggara Tanggal
Training and Education Materials Organizer Date
A Risk-based Approach to ESG: Building Resilient, Responsible Businesses Indonesian Corporate Secretary 29 Agustus 2025
Association (ICSA) August 29, 2025
Pendalaman Peraturan Otoritas Jasa Keuangan Nomor 17 Tahun 2020 Indonesian Corporate Secretary 1 September 2025
Tentang Transaksi Material dan Perubahan Kegiatan Usaha Association (ICSA)
In-Depth Review of Financial Services Authority Regulation No. 17 of 2020 September 1, 2025
on Material Transactions and Changes in Business Activities
Sosialisasi dan FGD Peraturan OJK dan SEOJK Otoritas Jasa Keuangan 28 September 2025
Socialization and FGD on OJK Regulation and SEOJK Financial Services Authority September 28, 2025
Webinar “Integrasi Cyber Security dalam Good Corporate Governance (GCG): Indonesian Corporate Secretary 29 Oktober 2025
Peran Penting Corporate Secretary” Association (ICSA)
“Integrating Cyber Security in Good Corporate Governance (GCG): The October 29, 2025
Important Role of the Corporate Secretary” Webinar
Webinar Redefining ACGS through ESG and Digital Governance Indonesian Corporate Secretary 7 November 2025
Association (ICSA) November 7, 2025
Webinar Media Handling 4.0: Peran Corporate Secretary dalam Era AI dan Indonesian Corporate Secretary 20 November 2025
Reputasi Digital Association (ICSA)
“Media Handling 4.0: The Role of Corporate Secretaries in the AI and Digital November 20, 2025
Reputation Era” Webinar
Webinar “Membangun Sistem Whistleblowing yang Efektif dan Berintegritas Indonesian Corporate Secretary 1 Desember 2025
Berbasis ISO 37002:2021” Association (ICSA)
232
“Building an Effective and Integrity-Based Whistleblowing System Based on December 1, 2025
ISO 37002:2021” Webinar
Webinar “Pendalaman Peraturan OJK Nomor 42 Tahun 2020 tentang Transaksi Indonesian Corporate Secretary 2 Desember 2025
Afiliasi dan Transaksi Benturan Kepentingan” Association (ICSA)
“In-Depth Review of OJK Regulation Number 42 of 2020 concerning Affiliated December 2, 2025
Transactions and Conflict of Interest Transactions” Webinar
Pendalaman Peraturan Nomor I-A tentang Pencatatan Saham dan Efek Bersifat Indonesian Corporate Secretary 9 Desember 2025
Ekuitas Selain Saham yang Diterbitkan oleh Perusahaan Tercatat Association (ICSA)
In-Depth Review of Regulation No. I-A on the Listing of Shares and Equity December 9, 2025
Securities Other than Shares Issued by Listed Companies
Laporan Pelaksanaan Tugas Sekretaris Report on the Implementation of the Corporate
Perusahaan Tahun 2025 Secretary’s Duties in 2025
Pada tahun 2025, Sekretaris Perusahaan telah In 2025, the Corporate Secretary carried out the
menjalankan berbagai tugas pokok sebagai berikut: following key duties:
1. Melaksanakan keterbukaan informasi kepada 1. Implementing information disclosure to the public,
masyarakat termasuk memastikan ketersediaan including ensuring the availability of information
informasi pada web Perseroan. on the Company’s website..
Implementasi Implementation
Sepanjang tahun 2025, Sekretaris Perusahaan Throughout 2025, the Corporate Secretary
telah memuat laporan keuangan dan informasi published financial statements and other
lain pada situs web Perseroan. information on the Company’s website.
Situs Web Perseroan Company Website
Melalui situs web Perseroan (https://www. Through the Company’s website (https://www.
trimegah.com/), para pemangku kepentingan trimegah.com/), stakeholders and the public are
dan masyarakat dapat mengunduh sejumlah able to download various important reports and
laporan dan informasi penting mengenai information regarding the Company, such as the
Perseroan, seperti Laporan Tahunan, Laporan Annual Report, Financial Statements, Prospectus,
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05 CORPORATE GOVERNANCE
Sekretaris Perusahaan
Sekretaris Perusahaan
Keuangan, Prospektus, Pemberitahuan, dan Press Announcements, and Press Releases. The
Release. Pengelolaan informasi dalam situs web management of information on the Company’s
Perseroan memperhatikan Peraturan OJK No. 8/ website complies with OJK Regulation No. 8/
POJK.04/2015 tentang Situs Web Emiten dan/ POJK.04/2015 concerning the Website of Issuers
atau Perusahaan Publik. and/or Public Companies.
Mengacu pada regulasi tersebut, Perseroan Referring to the regulation, the Company ensures
memastikan bahwa situs web Perseroan telah that its website contains mandatory information,
memuat informasi yang bersifat wajib, antara lain: including:
• Informasi umum Perseroan. • General information about the Company.
• Informasi bagi investor. • Investor information.
• Informasi tata kelola perusahaan. • Corporate governance information.
• Informasi tanggung jawab sosial perusahaan. • Corporate social responsibility information.
233
Situs Web Bursa Efek Indonesia Indonesia Stock Exchange Website
Informasi lainnya mengenai Perseroan terutama Other information regarding the Company,
yang berkaitan dengan laporan keterbukaan particularly periodic disclosure reports and other
informasi berkala serta publikasi informasi mandatory material information, can also be
material lainnya yang bersifat wajib juga dapat accessed through the Indonesia Stock Exchange
diakses melalui situs web BEI: https://www.idx. website at https://www.idx.co.id/ by entering the
co.id/ dengan memasukkan kode saham “TRIM”. stock code “TRIM”.
2. Menyampaikan laporan berkala dan laporan 2. Submitting periodic and incidental reports related
insidental yang berkaitan dengan kewajiban to the Company’s obligations as a Public Company.
Perseroan sebagai Perusahaan Publik.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Sekretaris Perusahaan
Sekretaris Perusahaan
Implementasi Implementation
Berikut ini adalah daftar pelaporan berkala dan The following is a list of periodic and incidental reports
pelaporan insidental tahun 2025, antara lain: submitted in 2025, including:
a. Laporan Bulanan Registrasi Pemegang Efek. a. Monthly Securities Holder Registration
Report.
b. Laporan Keuangan. b. Financial Statements.
c. Laporan Tahunan dan Laporan Keberlanjutan. c. Annual Report and Sustainability Report.
d. Laporan Realisasi Penggunaan Jasa Akuntan d. Report on Realization of the Use of KAP and
Publik dan Kantor Akuntan Publik. KAP Services.
e. Laporan Akuntan Publik dan/atau Kantor e. Appointment/Change AP and/or KAP service
Akuntan Publik Jasa Audit atas Informasi of audit historical financial information
Keuangan Historis Tahunan. Annual.
f. Laporan Penggunaan Dana Hasil Penawaran f. Report on the Realization of the Use of
Umum. Proceeds from the Public Offering.
3. Membantu Direksi dan Dewan Komisaris dalam 3. Assisting the Board of Directors and the Board of
penyelenggaraan Rapat Umum Pemegang Saham Commissioners in organizing the General Meetings
(RUPS) dan Paparan Publik. of Shareholders (GMS) and Public Expose.
Implementasi Implementation
• Pada tahun 2025, Perseroan telah • In 2025, the Company held an Annual
menyelanggarakan Rapat Umum Pemegang and Extraordinary General Meeting
234 Saham Tahunan dan Luar Biasa pada tanggal of Shareholders on June 26, 2025 and
26 Juni 2025 dan Rapat Umum Pemegang an Extraordinary General Meeting of
Saham Luar Biasa pada tanggal 3 September Shareholders was held on September 3,
2025. 2025.
• Sesuai dengan Ketentuan III.3.6 Surat • In accordance with Provision III.3.6 of
Keputusan Direksi PT Bursa Efek Indonesia the Decree of the Board of Directors of
No. Kep-00066 /BEI/09-2022 tertanggal 30 PT Bursa Efek Indonesia No. Kep-00066/
September 2022 Perihal Perubahan Peraturan BEI/09-2022 dated September 30, 2022,
Nomor I-E tentang Kewajiban Penyampaian concerning Amendments to Regulation No.
Informasi, Perseroan telah menyampaikan I-E on Information Submission Obligations,
materi Public Expose bersamaan dengan the Company submitted the Public Expose
Laporan Keuangan Auditan Tahunan per materials simultaneously with the Annual
31 Desember 2025 pada tanggal 18 Maret Audited Financial Statements as of December
2026. Dengan demikian, Perseroan telah 31, 2025, on March 18, 2026. Accordingly,
memenuhi kewajiban Public Expose Tahunan. the Company has fulfilled its Annual Public
Expose obligation.
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Laporan Tahunan 2025
Divisi Internal Audit
Internal Audit Division
Divisi Internal Audit menjalankan peran sebagai penilai The Internal Audit Division performs its role as an
independen yang secara sistematis memeriksa dan independent assurance function that systematically
mengevaluasi aktivitas Perseroan untuk memastikan reviews and evaluates the Company’s activities to
bahwa pengelolaan keuangan, pemrosesan data, ensure that financial management, data processing,
pengelolaan aset, serta penerapan ketentuan, asset management, as well as the implementation
peraturan, dan kebijakan internal telah dilaksanakan of applicable laws, regulations, and internal policies
secara tepat dan sesuai dengan ketentuan yang berlaku. have been carried out properly and in compliance
Seluruh kegiatan yang memiliki dampak signifikan with prevailing requirements. All activities that have a
terhadap operasional Perseroan juga ditelaah dengan significant impact on the Company’s operations are also
mempertimbangkan potensi risiko yang mungkin timbul assessed by taking into account potential risks that may
sewaktu-waktu. Melalui penerapan metode evaluasi arise at any time. Through the application of structured
audit yang terstruktur dan berbasis risiko, Divisi Internal and risk-based audit evaluation methods, the Internal
Audit memegang peran kunci dalam memperkuat Audit Division plays a key role in strengthening the
efektivitas sistem pengendalian internal, meningkatkan effectiveness of the internal control system, enhancing
kualitas manajemen risiko, serta mendorong penerapan the quality of risk management, and promoting the
tata kelola yang baik secara keseluruhan di Perseroan. overall implementation of GCG within the Company.
Dasar Hukum Pembentukan Divisi Internal Audit Legal Basis for the Establishment of the Internal
Audit Division
Pembentukan Divisi Internal Audit mengacu pada The establishment of the Internal Audit Division refers
ketentuan Peraturan OJK No. 56/POJK.04/2015 to the OJK Regulation No. 56/POJK.04/2015 (“POJK
(“POJK 56/2015”) tentang Pembentukan dan Pedoman 56/2015”) concerning the Establishment and Guidelines
Penyusunan Piagam Unit Internal Audit. for the Preparation of the Internal Audit Unit Charter.
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Piagam Internal Audit Internal Audit Charter
Dalam melaksanakan fungsi pengawasan serta In carrying out its supervisory function and
tanggung jawab atas kegiatan audit internal, seluruh responsibilities over internal audit activities, all internal
auditor internal Perseroan wajib berpedoman pada auditors of the Company are required to adhere to the
Piagam Internal Audit (Internal Audit Charter) yang Internal Audit Charter, which has been established by
telah ditetapkan oleh Direktur Utama dan disetujui the President Director and approved by the Chairman
oleh Ketua Komite Audit. Secara garis besar, Piagam of the Audit Committee. In general, the Charter
ini mengatur beberapa aspek utama yang menjadi governs the key aspects that serve as guidelines for the
pedoman pelaksanaan audit internal di lingkup implementation of internal audit activities within the
Perseroan, antara lain: Company, including:
1. Peranan Unit Internal Audit 1. Role of the Internal Audit Unit
2. Struktur, Kedudukan, dan Pertanggungjawaban 2. Structure, Position, and Accountability of the
Divisi Internal Audit Internal Audit Division
3. Tugas dan Tanggung Jawab Unit Internal Audit 3. Duties and Responsibilities of the Internal Audit
Unit
4. Wewenang Divisi Internal Audit 4. Authority of the Internal Audit Division
5. Kode Etik Divisi Internal Audit 5. Code of Ethics of the Internal Audit Division
6. Independensi 6. Independence
7. Persyaratan Auditor 7. Auditor Qualifications
8. Ruang Lingkup Pekerjaan 8. Scope of Work
9. Petunjuk tentang Ruang Lingkup Pekerjaan 9. Guidelines on the Scope of Work
10. Larangan Perangkapan Tugas dan Jabatan 10. Prohibition of Dual Roles and Concurrent Positions
11. Penyesuaian atas Piagam (Charter) 11. Amendments to the Charter
Tugas, Tanggung Jawab, dan Wewenang Duties, Responsibilities, and Authorities
Ruang lingkup tugas dan tanggung jawab Divisi Internal The scope of duties and responsibilities of the Internal
Audit sebagaimana diatur dalam Piagam Internal Audit, Audit Division as stipulated in the Internal Audit Charter
mencakup antara lain: includes, among others:
1. Menyusun dan melaksanakan rencana audit 1. Preparing and implementing the annual internal
internal tahunan. audit plan.
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Fungsi Internal Audit
Internal Audit Function
2. Menguji dan mengevaluasi pelaksanaan 2. Examining and evaluating the implementation of
pengendalian internal dan sistem manajemen risiko internal controls and risk management systems in
sesuai dengan kebijakan Perseroan. accordance with the Company’s policies.
3. Melakukan pemeriksaan dan penilaian atas efisiensi 3. Conducting audits and assessments of the
dan efektivitas di bidang keuangan, akuntansi, efficiency and effectiveness of activities in the
operasional, sumber daya manusia, pemasaran, areas of finance, accounting, operations, human
teknologi informasi dan kegiatan lainnya. resources, marketing, information technology, and
other relevant functions.
4. Melakukan pemeriksaan kepatuhan terhadap 4. Reviewing compliance with applicable laws and
ketentuan peraturan dan perundang-undangan regulations related to the Company’s activities.
yang terkait aktivitas Perusahaan.
5. Memberikan saran perbaikan dan informasi yang 5. Providing recommendations for improvement
objektif tentang kegiatan yang diperiksa pada and objective information regarding the activities
semua tingkat manajemen. reviewed at all levels of management.
6. Membuat laporan hasil audit dan menyampaikan 6. Preparing audit reports and submitting such reports
laporan tersebut kepada Direktur Utama dan to the President Director and the Audit Committee.
Komite Audit.
7. Memantau, menganalisis, dan melaporkan 7. Monitoring, analyzing, and reporting on the
pelaksanaan tindak lanjut perbaikan yang telah implementation of follow-up actions arising from
disarankan. audit recommendations.
8. Bekerja sama dengan Komite Audit, Fungsi 8. Coordinating with the Audit Committee,
Kepatuhan, dan Manajemen Risiko. Compliance Function, and Risk Management
Function.
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9. Menyusun program untuk mengevaluasi mutu 9. Developing programs to evaluate and enhance the
kegiatan audit internal. quality of internal audit activities.
10. Melakukan pemeriksaan khusus jika diperlukan. 10. Conducting special audits when deemed necessary.
Dalam rangka mendukung efektivitas pelaksanaan In order to support the effective execution of its duties
tugas dan tanggung jawabnya, Perseroan memberikan and responsibilities, the Company grants the following
sejumlah kewenangan kepada Divisi Internal Audit agar authorities to the Internal Audit Division to enable it to
dapat melaksanakan fungsinya secara optimal, antara perform its functions independently and optimally:
lain:
1. Mempunyai akses langsung kepada Direksi, 1. Having direct access to the Board of Directors,
Dewan Komisaris, dan/atau Komite Audit untuk the Board of Commissioners, and/or the Audit
melaporkan dan mendiskusikan berbagai persoalan Committee to report and discuss matters
yang dianggap penting untuk menjadi perhatian considered significant and requiring management’s
manajemen. attention.
2. Memberitahukan dan memberikan masukan ke 2. Informing and providing input to management
manajemen atas permasalahan yang material/ regarding material or significant issues, as well
signifikan dan permasalahan lainnya yang timbul as other matters arising from the Company’s
dalam pelaksanaan kegiatan operasi Perusahaan. operational activities.
3. Mempunyai akses yang tidak terbatas kepada semua 3. Having unrestricted access to all records, assets,
catatan, kepemilikan, fungsi-fungsi dan karyawan functions, and employees relevant to the
yang bertanggung jawab di bidang tugasnya. performance of its duties. All division-level units
Seluruh kegiatan divisi/unit kerja setingkat divisi within PT Trimegah Sekuritas Indonesia Tbk are
di lingkungan PT Trimegah Sekuritas Indonesia Tbk subject to periodic review by the Internal Audit
diperiksa secara berkala oleh Divisi Internal Audit. Division.
4. Tidak bertanggung jawab secara langsung atau 4. Not having direct operational responsibility or
mempunyai wewenang terhadap segala aktivitas authority over the activities being reviewed.
yang direview.
5. Melakukan koordinasi kegiatan dengan kegiatan 5. Coordinating audit activities with external auditors.
auditor eksternal.
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Fungsi Internal Audit
Internal Audit Function
Koordinasi dan Kontribusi Internal Audit terhadap Coordination and Contribution of Internal Audit
Peningkatan Kualitas Penerapan Tata Kelola dan to Enhancing GCG Implementation Quality and
Keberlanjutan Perusahaan Corporate Sustainability
Divisi Internal Audit secara berkesinambungan The Internal Audit Division continuously coordinates
melakukan koordinasi dengan Komite Audit dan with the Audit Committee and Management
Manajemen untuk memperkuat fungsi pengawasan to strengthen the Company’s oversight and
dan akuntabilitas Perseroan. Dalam rangka memastikan accountability functions. To ensure comprehensive
pemeriksaan dan verifikasi yang menyeluruh, Divisi examination and verification processes, the Internal
Internal Audit juga melakukan koordinasi dengan Audit Division also coordinates with external auditors
auditor eksternal melalui Divisi Compliance untuk through the Compliance Division to support the
mendukung kelancaran proses audit eksternal sesuai smooth implementation of external audit processes
ketentuan yang berlaku. Mekanisme koordinasi ini in accordance with applicable regulations. This
mencakup penyusunan rencana audit, penyampaian coordination mechanism includes the preparation
laporan hasil pemeriksaan, dan pemantauan tindak of audit plans, submission of audit reports, and
lanjut temuan audit, sehingga seluruh pemangku monitoring of follow-up actions on audit findings,
kepentingan memperoleh informasi yang tepat, thereby ensuring that stakeholders receive accurate
transparan, dan sejalan dengan prinsip tata kelola and transparent information aligned with the
perusahaan yang baik. principles of GCG.
Dalam kerangka pengawasan, Direksi, Dewan Within the governance framework, the Board of
Komisaris, dan Komite Audit berperan aktif Directors, the Board of Commissioners, and the Audit
meninjau pelaksanaan audit, memonitor efektivitas Committee play an active role in reviewing audit
pengendalian internal, dan memastikan rekomendasi implementation, monitoring the effectiveness of
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Internal Audit diterapkan secara tepat dan memadai. internal controls, and ensuring that Internal Audit
Dengan menerapkan struktur koordinasi yang jelas dan recommendations are properly and adequately
mekanisme tindak lanjut yang disiplin, Divisi Internal implemented. By establishing a clear coordination
Audit menegaskan perannya dalam memastikan structure and disciplined follow-up mechanisms, the
penerapan tata kelola, mitigasi risiko yang efektif, Internal Audit Division reinforces its role in ensuring
serta perlindungan kepentingan seluruh pemangku effective GCG implementation, sound risk mitigation,
kepentingan Perseroan. and the protection of the interests of all Company
stakeholders.
Dengan mengintegrasikan audit berbasis risiko, By integrating risk-based auditing, systematic
pemantauan tindak lanjut rekomendasi, dan pelaporan monitoring of corrective actions, and transparent
yang transparan kepada Direksi, Dewan Komisaris, reporting to the Board of Directors, the Board of
dan Komite Audit, Divisi Internal Audit menegaskan Commissioners, and the Audit Committee, the Internal
perannya dalam memberikan keyakinan (assurance) Audit Division affirms its role in providing assurance
kepada pemangku kepentingan bahwa seluruh proses to stakeholders that all business processes are
bisnis dijalankan secara prudent, mematuhi peraturan, conducted prudently, in compliance with regulations,
dan konsisten dengan strategi Perseroan. and consistently aligned with the Company’s strategic
objectives.
Struktur, Kedudukan, dan Pertanggungjawaban Structure, Position, and Accountability of the Internal
Divisi Internal Audit Audit Division
Divisi Internal Audit dipimpin oleh Kepala Divisi The Internal Audit Division is led by the Head of the
Internal Audit yang diangkat dan diberhentikan oleh Internal Audit Division, who is appointed and dismissed
Direktur Utama atas persetujuan Dewan Komisaris. by the President Director with the approval of the Board
Direktur Utama dapat memberhentikan Kepala Divisi of Commissioners. The President Director may dismiss
Internal Audit apabila yang bersangkutan tidak mampu the Head of the Internal Audit Division if he or she is
menjalankan tugas secara efektif atau tidak memenuhi deemed unable to perform duties effectively or no
persyaratan auditor internal Perseroan sesuai Piagam longer meets the qualifications of an internal auditor as
Internal Audit. stipulated in the Internal Audit Charter.
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Fungsi Internal Audit
Internal Audit Function
Kepala Divisi Internal Audit diangkat dan diberhentikan The Head of the Internal Audit Division is appointed and
oleh Direktur Utama atas persetujuan Dewan Komisaris dismissed by the President Director with the approval of
dengan mempertimbangkan rekomendasi Komite the Board of Commissioners, taking into consideration
Audit dan dilaporkan kepada OJK. Dalam menjalankan the recommendation of the Audit Committee, and such
tugasnya, Kepala Divisi Internal Audit dibantu oleh appointment or dismissal is reported to the OJK. In
beberapa auditor internal yang bertanggung jawab carrying out his or her duties, the Head of the Internal
langsung kepada Kepala Divisi. Audit Division is supported by several internal auditors
who report directly to the Head of the Division.
Profil Kepala Divisi Internal Audit Profile of the Head of the Internal Audit Division
Jong Ifu
Warga Negara Indonesia, usia 36 tahun, berdomisili An Indonesian citizen, 36 years old, domiciled in
di Tangerang. Memperoleh gelar Sarjana Ekonomi dari Tangerang. He obtained a Bachelor of Economics
Institut Bisnis dan Informatika Indonesia (IBII) pada degree from Institut Bisnis dan Informatika Indonesia
tahun 2012. (IBII) in 2012.
Sebelum bergabung di Perseroan, telah memiliki Prior to joining the Company, he had 8 years of
pengalaman selama 8 tahun di Kantor Akuntan Publik experience at “The Big Four” public accounting firms
‘The Big Four’ (PwC, Deloitte, KPMG) dengan menduduki (PwC, Deloitte, and KPMG), where he last served as an
posisi terakhir sebagai Manager Audit. Audit Manager.
Tidak merangkap jabatan sebagai anggota Direksi, He does not hold any concurrent positions as a member 239
Dewan Komisaris, dan/atau jabatan lain pada of the Board of Directors, the Board of Commissioners,
perusahaan atau institusi lain. and/or any other positions in other companies or
institutions.
Komposisi Keanggotaan dan Sertifikasi Profesi Composition of Membership and Professional
Internal Audit Certification of Internal Audit
Divisi Internal Audit dipimpin oleh Kepala Divisi The Internal Audit Division is led by the Head of the
Internal Audit yang telah memperoleh izin sebagai Internal Audit Division, who has obtained a license as
Wakil Perantara Pedagang Efek dari OJK berdasarkan a Wakil Perantara Pedagang Efek (WPPE) from the OJK
Keputusan Dewan Komisioner OJK No. KEP-40/ based on the Decree of the OJK Board of Commissioners
PM.021/WPPE/TTE/2024 tanggal 2 Mei 2024. No. KEP-40/PM.021/WPPE/TTE/2024 dated May 2,
2024.
Rapat Divisi Internal Audit dengan Direksi, Komite Meetings of the Internal Audit Division with the
Audit, dan Dewan Komisaris Board of Directors, the Audit Committee, and the
Board of Commissioners
Sepanjang tahun 2025, Divisi Internal Audit secara aktif Throughout 2025, the Internal Audit Division actively
menghadiri 8 rapat dengan Direksi untuk membahas attended 8 meetings with the Board of Directors to
hasil pemeriksaan audit yang dilaksanakan. Selain rapat discuss the results of audit examinations conducted. In
berkala tersebut, Divisi Internal Audit juga mengikuti addition to these regular meetings, the Internal Audit
Support Function Meeting bulanan untuk memberikan Division also participated in the monthly Support
pembaruan terkait pekerjaan yang sedang berjalan. Function Meetings to provide updates on ongoing
assignments.
Pada tahun 2025, Divisi Internal Audit turut In 2025, the Internal Audit Division also held 5
melaksanakan 5 kali rapat dengan Dewan Komisaris dan meetings with the Board of Commissioners and the
Komite Audit untuk membahas hasil audit, tindak lanjut Audit Committee to discuss audit results, the follow-
rekomendasi, dan strategi peningkatan efektivitas up of recommendations, and strategies to enhance the
pengendalian internal. effectiveness of internal controls.
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Laporan Tahunan 2025
Fungsi Internal Audit
Internal Audit Function
Daftar Pelatihan dan Peningkatan Kompetensi Divisi List of Training and Competency Development
Internal Audit Tahun 2025 Programs of the Internal Audit Division in 2025
Sepanjang tahun 2025, Divisi Internal Audit telah Throughout 2025, the Internal Audit Division
mengikuti sejumlah kegiatan pelatihan atau participated in a number of training and competency
pengembangan kompetensi guna meningkatkan development programs aimed at enhancing the
pemahaman seluruh auditor internal terkait standar understanding of all internal auditors with respect
audit berbasis risiko, regulasi terkini mengenai sistem to risk-based audit standards, the latest regulations
pengendalian internal, dan penerapan teknologi dalam concerning internal control systems, and the
sistem audit internal. Rincian program pelatihan yang application of technology in internal audit systems.
telah diikuti auditor internal Perseroan selama tahun The details of the training programs attended by the
buku disajikan pada tabel berikut ini: Company’s internal auditors during the financial year
are presented in the following table:
Materi Pelatihan Penyelenggara Tanggal
Training Topic Organizer Date
11 Oktober 2025
Workshop APU-PPT & KYC Trimegah Sekuritas
October 11, 2025
Sosialisasi LHPK SP dan FMI BI Serta KPDHN 27 November 2025
Bank Indonesia
Socialization on LHPK SP and FMI BI as well as KPDHN November 27, 2025
10 September 2025
Training Embracing Change & Growing Together Trimegah Sekuritas
September 10, 2025
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Laporan Pelaksanaan Tugas Divisi Internal Audit Report on the Implementation of Duties of the
Tahun 2025 Internal Audit Division in 2025
Divisi Internal Audit memainkan peran strategis dalam The Internal Audit Division plays a strategic role in
mendukung penerapan tata kelola yang baik serta supporting the implementation of Good Corporate
pencapaian tujuan Perseroan melalui pelaksanaan audit Governance (GCG) and the achievement of the
berbasis risiko yang independen dan objektif. Fungsi Company’s objectives through the execution of
ini secara konsisten menilai efektivitas pengendalian independent and objective risk-based audits. This
internal, manajemen risiko, dan memastikan function consistently assesses the effectiveness of
kepatuhan Perseroan terhadap regulasi yang berlaku. internal controls and risk management, as well as
Dengan memberikan rekomendasi perbaikan yang ensures the Company’s compliance with prevailing
tepat sasaran, Divisi Internal Audit berkontribusi regulations. By providing targeted and constructive
dalam meningkatkan efektivitas proses bisnis sekaligus recommendations, the Internal Audit Division
memperkuat pencapaian tujuan strategis Perseroan. contributes to enhancing the effectiveness of business
processes while strengthening the achievement of the
Company’s strategic objectives.
Sepanjang tahun 2025, Divisi Internal Audit Throughout 2025, the Internal Audit Division carried
melaksanakan program kerja utama, termasuk kegiatan out main work programs, including audit activities in
audit sesuai audit plan yang disetujui Dewan Komisaris accordance with the audit plan approved by the Board
dan Direksi, serta audit ad-hoc atas permintaan of Commissioners and the Board of Directors, as well as
Manajemen. Divisi Internal Audit juga secara aktif ad hoc audits upon Management’s request. The Internal
mendampingi Divisi Compliance & APU-PPT dalam Audit Division also actively assisted the Compliance &
pelaksanaan audit eksternal oleh regulator di kantor AML-CFT Division in the implementation of external
cabang, dengan cakupan seluruh unit operasional audits conducted by regulators at branch offices,
dan proses bisnis utama. Temuan audit dipantau covering all operational units and key business processes.
secara berkelanjutan untuk memastikan rekomendasi Audit findings were monitored on an ongoing basis
diimplementasikan secara tepat dan efektif, sehingga to ensure that recommendations were implemented
memberikan kontribusi nyata terhadap penguatan tata properly and effectively, thereby providing tangible
kelola dan peningkatan kinerja Perseroan. contributions to strengthening governance practices
and improving the Company’s performance.
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Fungsi Internal Audit
Internal Audit Function
Seiring dengan dinamika regulasi yang berkembang In line with regulatory developments throughout 2025,
sepanjang tahun 2025, Divisi Internal Audit juga telah the Internal Audit Division also adjusted the scope and
menyesuaikan cakupan dan fokus audit Perseroan focus of the Company’s audits in accordance with POJK
berdasarkan POJK Nomor 13 Tahun 2025 tentang No. 13 of 2025 concerning Internal Control and Conduct
Pengendalian Internal dan Perilaku Perusahaan Efek of Securities Companies Engaging in Business Activities
yang Melakukan Kegiatan Usaha sebagai Penjamin as Underwriters and Broker-Dealers. This adjustment
Emisi Efek dan Perantara Pedagang Efek. Penyesuaian ini not only ensures compliance with applicable regulations
tidak hanya memastikan kepatuhan terhadap regulasi but also reinforces stakeholders’ confidence in the
yang berlaku, tetapi juga memperkuat kepercayaan quality of the Company’s management and business
pemangku kepentingan terhadap kualitas pengelolaan sustainability.
dan keberlanjutan bisnis Perseroan.
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Sistem Pengendalian Internal
Internal Control System
Perseroan mengimplementasikan Sistem Pengendalian The Company implements an Internal Control System
Internal (SPI) secara sistematis dan terstruktur untuk (ICS) in a systematic and structured manner to
melindungi aset, meningkatkan keakuratan informasi, safeguard assets, enhance the accuracy of information,
serta memastikan kepatuhan terhadap ketentuan and ensure compliance with prevailing laws and
perundang-undangan yang berlaku. Penerapan regulations. The implementation of effective internal
aktivitas pengendalian internal yang efektif berfungsi control activities serves to identify and mitigate risks
mengidentifikasi dan memitigasi risiko yang dapat that may affect operations and business sustainability,
mempengaruhi operasional dan keberlanjutan bisnis, while preventing losses, irregularities, and violations of
sekaligus mencegah kerugian, penyimpangan, dan prudential principles and good corporate governance
pelanggaran terhadap prinsip kehati-hatian serta tata practices.
kelola perusahaan yang baik.
Penyelenggaraan SPI di lingkup Perseroan mengacu The implementation of the ICS within the Company
pada ketentuan Peraturan OJK No. 50/POJK.04/2020 refers to OJK Regulation No. 50/POJK.04/2020, as
yang telah diperbaharui menjadi POJK Nomor 13 Tahun amended by POJK No. 13 of 2025 concerning Internal
2025 tentang Pengendalian Internal dan Perilaku Control and Conduct of Securities Companies Engaging
Perusahaan Efek yang Melakukan Kegiatan Usaha in Business Activities as Underwriters and Broker-
Sebagai Penjamin Emisi Efek dan Perantara Pedagang Dealers, and also refers to the internationally recognized
Efek serta mengacu pada pedoman internasional COSO – Internal Control Integrated Framework, which
COSO – Internal Control Integrated Framework, yang comprises 5 main components as described below:
mencakup 5 komponen utama sebagaimana dijelaskan
berikut ini:
1. Pengawasan Manajemen dan Lingkungan yang 1. Management Oversight and a Supportive Control
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Mendukung Pengendalian (Control Environment) Environment (Control Environment)
2. Proses Identifikasi, Pengukuran, dan Pengelolaan 2. Risk Identification, Measurement, and Management
Risiko (Risk Assessment) Process (Risk Assessment)
3. Aktivitas Kontrol dan Pemisahan Tugas serta 3. Control Activities and Segregation of Duties and
Tanggung Jawab (Control Activities) Responsibilities (Control Activities)
4. Keandalan Sistem Informasi dan Komunikasi yang 4. Reliability of Information Systems and Effective
Efektif (Information and Communication) Communication (Information and Communication)
5. Pemantauan dan Perbaikan terhadap Kelemahan 5. Monitoring and Remediation of Weaknesses
(Monitoring) (Monitoring)
Terselenggaranya sistem pengendalian internal yang The effective implementation of the internal control
efektif merupakan tanggung jawab seluruh jajaran system is the responsibility of all levels within the
Perseroan, mulai dari Dewan Komisaris, Direksi, Komite Company, including the Board of Commissioners, the
Audit, Divisi Internal Audit, Divisi Risk Management, Board of Directors, the Audit Committee, the Internal
Divisi Compliance & APU-PPT, Divisi Operations, Audit Division, the Risk Management Division, the
hingga kepala divisi unit bisnis dan seluruh karyawan, Compliance & AML-CFT Division, the Operations
baik di kantor pusat maupun cabang. Keterlibatan Division, heads of business unit divisions, and all
aktif manajemen menjadi kunci dalam menumbuhkan employees, both at the head office and branch offices.
budaya risiko (risk culture) serta memastikan SPI Active management involvement is key to fostering
diterapkan secara konsisten dalam setiap pengambilan a strong risk culture and ensuring that the ICS is
keputusan dan aktivitas operasional di seluruh divisi. consistently applied in every decision-making process
and operational activity across all divisions.
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Sistem Pengendalian Internal
Internal Control System
Pengendalian Keuangan dan Operasional, serta Financial and Operational Controls, as well as
Kepatuhan terhadap Peraturan Perundang- Compliance with Laws and Regulations
undangan
1. Pengendalian Operasional 1. Operational Controls
Perseroan memastikan aktivitas operasional The Company ensures that its daily operational
sehari-hari dijalankan dengan pengendalian yang activities are carried out with adequate controls
memadai melalui kebijakan, prosedur, otorisasi, through the implementation of policies and
verifikasi, rekonsiliasi, penerapan prinsip four-eye procedures, authorization mechanisms, verification
(dual control), pemisahan fungsi dan tanggung and reconciliation processes, the application of
jawab (segregation of duties), dan ketentuan the four-eye principle (dual control), segregation
limit transaksi. Untuk mendukung efektivitas of functions and responsibilities, and the
pengendalian, Perseroan menerapkan metode establishment of transaction limits. To support
Risk and Control Self Assessment (RCSA) di seluruh the effectiveness of these controls, the Company
unit kerja, termasuk kantor cabang, agar dapat implements the Risk and Control Self-Assessment
mengidentifikasi dan mengevaluasi potensi risiko (RCSA) method across all work units, including
serta kelemahan pengendalian secara dini, sehingga branch offices, to enable early identification
langkah mitigasi dan perbaikan yang diperlukan and evaluation of potential risks and control
dapat segera dilakukan guna meningkatkan weaknesses. This approach allows the necessary
efektivitas sistem pengendalian internal. mitigation and corrective actions to be undertaken
promptly in order to enhance the effectiveness of
the internal control system.
243
Selain itu, Perseroan juga memanfaatkan Key Risk In addition, the Company utilizes Key Risk
Indicator (KRI) untuk memantau risiko secara Indicators (KRIs) to quantitatively monitor risks
kuantitatif dan melakukan pengkajian serta and conducts periodic reviews and updates of
pembaruan kebijakan dan prosedur secara rutin policies and procedures to ensure that controls
agar pengendalian tetap sesuai dengan kondisi remain aligned with both internal and external
lingkungan internal dan eksternal. Prosedur environmental conditions. Business Continuity Plan
Business Continuity Plan (BCP) juga disiapkan, diuji, (BCP) procedures are also established, tested, and
dan diperbarui secara berkala, sementara laporan updated regularly. Routine reports on performance,
rutin mengenai kinerja, permasalahan, dan risiko issues, and risks, along with their respective
beserta penanganannya disampaikan oleh Divisi mitigation measures, are periodically submitted
Risk Management secara rutin kepada Direksi dan by the Risk Management Division to the Board of
Dewan Komisaris. Directors and the Board of Commissioners.
Demikian pula sebelum meluncurkan produk atau Similarly, prior to launching any new investment
layanan investasi baru, Perseroan selalu melakukan products or services, the Company conducts a
kajian risiko yang menyeluruh sebagai bagian dari comprehensive risk assessment as part of its
upaya pengelolaan risiko operasional serta untuk operational risk management efforts and to ensure
memastikan kepatuhan terhadap ketentuan OJK. compliance with OJK regulations. This measure
Langkah ini bertujuan untuk menjamin efektivitas is intended to safeguard the effectiveness of
sistem pengendalian operasional dan memastikan operational control systems and to ensure that any
setiap potensi risiko dapat dikelola secara tepat. potential risks are appropriately managed.
2. Pengendalian Keuangan 2. Financial Controls
Perseroan menerapkan kebijakan dan prosedur The Company consistently implements internal
pengendalian internal pada aspek keuangan secara control policies and procedures in the financial area
konsisten untuk memastikan keandalan informasi to ensure the reliability of accounting information,
akuntansi, ketepatan pelaporan keuangan, dan the accuracy of financial reporting, and the
efektivitas pengelolaan keuangan, sekaligus effectiveness of financial management, while
meminimalkan potensi penyimpangan internal. minimizing the potential for internal irregularities.
2025 Annual Report
Untuk mendukung tercapainya aspek pengendalian To support the achievement of adequate
yang memadai, Perseroan menyusun Rencana control measures, the Company formulates a
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Internal Control System
Bisnis yang matang dengan mempertimbangkan comprehensive Business Plan by taking into
kecukupan modal guna mendukung pertumbuhan account capital adequacy to support sustainable
bisnis yang berkelanjutan dan memperkuat business growth and to strengthen internal control
mekanisme kontrol internal. mechanisms.
Pengendalian ini turut diperkuat melalui These controls are further reinforced through a
pemisahan tugas dan tanggung jawab yang jelas, clear segregation of duties and responsibilities,
didukung sistem dan SDM yang kompeten, serta supported by reliable systems and competent
keberadaan Satuan Kerja Manajemen Risiko, Divisi human resources, as well as the presence of the
Compliance & APU-PPT, dan Divisi Internal Audit Risk Management Unit, the Compliance & AML-CFT
yang independen terhadap aktivitas operasional Division, and the Internal Audit Division, each of
dan bisnis Perseroan. Selain itu, Perseroan juga which operates independently from the Company’s
telah merancang sistem informasi dan saluran operational and business activities. In addition,
komunikasi yang aman, dilengkapi pengamanan the Company has established secure information
berbasis enkripsi untuk menjaga integritas dan systems and communication channels, equipped
kerahasiaan data keuangan. with encryption-based safeguards to maintain the
integrity and confidentiality of financial data.
Dengan menerapkan berbagai pendekatan Through the implementation of these control
pengendalian tersebut, Perseroan memastikan approaches, the Company ensures that all
seluruh aktivitas pencatatan akuntansi, pelaporan accounting recording activities, financial reporting
keuangan, dan pengelolaan sumber daya keuangan processes, and financial resource management
berjalan efektif, selaras dengan regulasi, dan sesuai are conducted effectively, in compliance with
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prinsip tata kelola. Hal ini sekaligus memperkuat applicable regulations, and in accordance with
keandalan informasi keuangan serta mendukung GCG principles. This also enhances the reliability of
pengambilan keputusan strategis yang tepat oleh financial information and supports sound strategic
manajemen dan Dewan Komisaris. decision-making by Management and the Board of
Commissioners.
3. Kepatuhan Perseroan terhadap Peraturan dan 3. The Company’s Compliance with Applicable Laws
Perundang-undangan yang Berlaku and Regulations
Perseroan menegaskan komitmen penuh untuk The Company affirms its full commitment to
menjalankan kegiatan usaha dan operasional conducting its business and daily operations in
sehari-hari sesuai dengan Pedoman dan Tata Tertib accordance with the Board of Directors’ Guidelines
Kerja Direksi serta Kode Etik Perseroan. Divisi and Work Procedures, as well as the Company’s
Compliance yang bekerja secara independen dari Code of Ethics. The Compliance Division, which
seluruh kegiatan usaha dan operasional secara operates independently from all business and
proaktif memantau kepatuhan Perseroan terhadap operational activities, proactively monitors the
peraturan dan perundang-undangan yang berlaku Company’s adherence to applicable laws and
agar risiko kepatuhan dapat diidentifikasi dan regulations to ensure that compliance risks are
ditangani secara tepat. properly identified and addressed.
Sebagai bagian dari pelaksanaan fungsi kepatuhan, As part of the implementation of its compliance
Divisi Compliance & APU-PPT secara berkala function, the Compliance & AML-CFT Division
melakukan gap analysis terhadap kebijakan, periodically conducts gap analyses of policies,
prosedur, dan praktik operasional di seluruh procedures, and operational practices across all
unit kerja, guna mengidentifikasi kesenjangan work units to identify any discrepancies with
terhadap ketentuan yang berlaku serta menyusun prevailing regulations and to formulate the
rekomendasi dan rencana tindak lanjut yang necessary recommendations and follow-up action
diperlukan. Hasil evaluasi tersebut disampaikan plans. The results of such evaluations are submitted
kepada Manajemen sebagai dasar pengambilan to Management as a basis for implementing
langkah perbaikan guna memastikan kepatuhan corrective measures to ensure sustained
yang berkelanjutan. compliance.
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Selain itu, Divisi Internal Audit yang bertindak In addition, the Internal Audit Division, acting as
sebagai third line of defense dalam kerangka the third line of defense within the Company’s risk
manajemen risiko Perseroan turut melakukan management framework, performs independent
pengawasan secara independen terhadap oversight of key risks as part of the internal control
risiko-risiko utama sebagai bagian dari upaya process.
pengendalian internal.
Berdasarkan mekanisme tata kelola yang efektif Through effective governance mechanisms and the
dan dukungan aktif seluruh organ terkait, active support of all relevant corporate organs, the
Perseroan senantiasa berupaya mematuhi seluruh Company continuously endeavors to comply with
peraturan dan perundang-undangan yang berlaku, all applicable laws and regulations, while upholding
sekaligus menjunjung tinggi prinsip kehati-hatian prudential principles in carrying out its business
dalam menjalankan kegiatan usahanya sebagai activities as a Securities Company.
Perusahaan Efek.
Tinjauan terhadap Efektivitas Sistem Pengendalian Review of the Effectiveness of the Internal Control
Internal Tahun 2025 System in 2025
Sebagai bagian dari third line of defense dalam kerangka As part of the third line of defense within the Company’s
pengendalian internal Perseroan, Divisi Internal Audit internal control framework, the Internal Audit Division
menilai bahwa sistem pengendalian internal secara assesses that the internal control system, as a whole,
keseluruhan telah diterapkan secara memadai dan has been adequately implemented and is operating
berjalan efektif, serta terbukti mendukung pencapaian effectively, and has demonstrably supported the
245
tujuan operasional, kepatuhan, dan pelaporan keuangan achievement of operational objectives, regulatory
yang andal. compliance, and reliable financial reporting.
Meski demikian, terdapat beberapa area perbaikan yang Nevertheless, several areas for improvement remain a
menjadi fokus utama, terutama penguatan konsistensi key focus, particularly the strengthening of consistent
penerapan pengendalian internal dan praktik tata kelola, implementation of internal controls and governance
serta peningkatan efektivitas mekanisme pemantauan, practices, as well as enhancing the effectiveness of
pengawasan, dan tindak lanjut atas temuan audit monitoring, supervision, and follow-up mechanisms for
sebelumnya untuk memperkuat integritas dan prior audit findings to reinforce organizational integrity
kepatuhan organisasi. and compliance.
Sebagai bagian dari upaya strategis untuk memperkuat As part of a strategic effort to further strengthen the
kerangka internal control dan praktik tata kelola yang internal control framework and promote effective
efektif, Divisi Internal Audit telah mengidentifikasi governance practices, the Internal Audit Division has
dan merancang sejumlah inisiatif utama yang akan identified and designed several key initiatives to be
diimplementasikan secara bertahap. Inisiatif pertama implemented progressively. The first initiative involves
adalah perluasan penerapan pendekatan audit berbasis expanding the implementation of a risk-based audit
risiko (risk-based audit), yang yang menempatkan approach, which places primary emphasis on the
fokus utama pada identifikasi, evaluasi, dan pengujian identification, evaluation, and testing of areas with
area-area yang memiliki tingkat risiko tinggi terhadap high risk exposure to the achievement of organizational
pencapaian tujuan organisasi, baik dari sisi operasional, objectives, whether operational, financial, or
keuangan, maupun kepatuhan. Pendekatan ini compliance-related. This approach enables the internal
memungkinkan audit internal memberikan assurance audit function to provide more relevant assurance and
yang lebih relevan dan berkontribusi langsung terhadap to contribute directly to enhancing the effectiveness
peningkatan efektivitas pengendalian internal dan of internal controls and risk management in alignment
manajemen risiko yang sejalan dengan kerangka tata with sound governance principles. Furthermore, the
kelola yang baik. Selanjutnya, Divisi Internal Audit Internal Audit Division prioritizes the professional
juga memprioritaskan pengembangan kompetensi development of its auditors through a series of
profesional auditor melalui serangkaian program intensive training programs, recognized professional
2025 Annual Report
pelatihan intensif, pembekalan sertifikasi profesional certification programs, and the adoption of modern
yang diakui, serta adopsi metodologi audit modern. audit methodologies.
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Upaya ini dirancang untuk memperkuat keahlian These efforts are designed to strengthen technical
teknis, pemahaman terhadap manajemen risiko, expertise, deepen understanding of risk management,
serta kemampuan auditor dalam menganalisis and enhance auditors’ capabilities in analyzing and
dan mengevaluasi kontrol internal secara lebih evaluating internal controls in a more comprehensive
komprehensif dan akurat, sehingga hasil audit dapat and accurate manner, thereby ensuring that audit results
memberikan nilai tambah yang signifikan bagi deliver significant added value to the organization.
organisasi.
Dengan pendekatan tersebut, Divisi Internal Audit Through this approach, the Internal Audit Division is
berkomitmen memastikan bahwa sistem pengendalian committed to ensuring that the Company’s internal
internal Perseroan tidak hanya memadai, tetapi juga control system is not only adequate but also adaptive
adaptif, proaktif, dan mendukung pertumbuhan bisnis and proactive, supporting sustainable business growth
berkelanjutan, sekaligus menjaga integritas serta while safeguarding the Company’s operational integrity
transparansi operasional Perseroan. and transparency.
Pernyataan Direksi dan Dewan Komisaris atas Statement of the Board of Directors and the Board
Kecukupan Sistem Pengendalian Internal of Commissioners on the Adequacy of the Internal
Control System
Direksi dan Dewan Komisaris menilai bahwa The Board of Directors and the Board of Commissioners
Sistem Pengendalian Internal Perseroan telah assess that the Company’s Internal Control System has
diimplementasikan cukup memadai dan efektif, been adequately and effectively implemented, and the
dan laporan keuangan yang disajikan telah memuat financial statements presented contain transparent
246 informasi keuangan yang transparan. Dewan Komisaris financial information. The Board of Commissioners
terus mendorong Perseroan agar secara berkelanjutan continues to encourage the Company to continuously
melakukan penyempurnaan sistem melalui penguatan improve the system by strengthening operational
prosedur operasional, peningkatan kompetensi sumber procedures, enhancing human resource competency,
daya manusia, dan optimalisasi pemantauan kebijakan and optimizing monitoring of policies and business
serta proses bisnis, sehingga prinsip transparansi, processes, so that the principles of transparency,
akuntabilitas, dan keberlanjutan usaha tetap terjaga. accountability, and business sustainability are
maintained.
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Manajemen Risiko
Risk Management
Perseroan menerapkan kerangka dan sistem The Company implements a risk management framework
manajemen risiko yang selaras dengan strategi bisnis and system aligned with its business strategy and OJK
dan ketentuan Peraturan OJK No. 06/POJK.04/2021 Regulation No. 06/POJK.04/2021 (“POJK 06/2021”)
(“POJK 06/2021”) tentang Penerapan Manajemen concerning the Implementation of Risk Management
Risiko bagi Perusahaan Efek. Sistem manajemen risiko for Securities Companies. This risk management
ini dirancang untuk mendukung seluruh kegiatan system is designed to support all operational activities
operasional dan pengambilan keputusan, dengan and decision-making processes, with the objective of
tujuan menjaga pertumbuhan usaha yang sehat, maintaining sound and sustainable business growth
berkelanjutan, dan berada dalam batas toleransi risiko within the established risk tolerance limits.
yang telah ditetapkan.
Perseroan mengadopsi konsep Three Lines Model sebagai The Company adopts the Three Lines Model as the
kerangka utama pengelolaan risiko. Dalam kerangka primary framework for risk management. Under
ini, business unit bertindak sebagai First Line yang this framework, business units act as the First Line,
bertanggung jawab atas identifikasi dan pengendalian responsible for identifying and managing operational
risiko operasional di masing-masing unit. Divisi Risk risks within their respective units. The Risk Management
Management & Anti Fraud dan divisi Compliance & & Anti Fraud and Compliance & AML-CFT Division
APU-PPT berfungsi sebagai Second Line yang secara functions as the Second Line, actively monitoring
aktif bertugas memantau dan mengendalikan risiko and controlling risks to ensure that all business
agar seluruh aktivitas usaha tetap berada dalam activities remain within the Company’s risk appetite
risk appetite dan batas toleransi risiko Perseroan. and established risk tolerance limits. Meanwhile, the
Sementara itu, Divisi Internal Audit sebagai Third Line Internal Audit Division, as the Third Line, performs
menjalankan fungsi review dan evaluasi independen independent reviews and evaluations of the overall
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terhadap efektivitas sistem manajemen risiko secara effectiveness of the risk management system, thereby
keseluruhan sehingga memastikan integritas dan ensuring the integrity and consistent implementation
konsistensi penerapan manajemen risiko di seluruh lini of risk management practices across all business lines.
bisnis.
Untuk memastikan efektivitas sistem ini, Perseroan To ensure the effectiveness of this system, the Company
membentuk Komite Manajemen Risiko yang bertugas has established a Risk Management Committee tasked
meninjau profil risiko dari berbagai aktivitas bisnis, with reviewing the risk profile of various business
mengevaluasi peluang usaha, dan memberikan activities, evaluating business opportunities, and
rekomendasi kepada Direksi. Komite ini juga membantu providing recommendations to the Board of Directors.
Direksi dalam memastikan kecukupan modal kerja The Committee also assists the Board of Directors in
serta merumuskan kebijakan dan pedoman sebagai ensuring adequate working capital and in formulating
acuan dalam pengambilan keputusan strategis dan policies and guidelines to serve as references for
operasional. strategic and operational decision-making.
Keterlibatan aktif Direksi dan Dewan Komisaris dalam The active involvement of the Board of Directors and
sistem manajemen risiko memungkinkan Manajemen the Board of Commissioners in the risk management
mengidentifikasi potensi pelampauan sejak dini dan system enables Management to identify potential
mengambil langkah pengendalian atau perbaikan secara breaches of risk limits at an early stage and to take
tepat waktu. Pendekatan ini memastikan pengelolaan timely control or corrective measures. This approach
risiko dilakukan secara prudent, mendukung stabilitas ensures that risk management is conducted in a prudent
operasional, dan memperkuat pencapaian strategi manner, supports operational stability, and strengthens
bisnis Perseroan. the achievement of the Company’s business strategy.
2025 Annual Report
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Risk Management
Berdasarkan praktik terbaik internasional dan regulasi In accordance with international best practices and
POJK 06/2021, sistem manajemen risiko Perseroan POJK 06/2021, the Company’s risk management
mencakup 4 komponen utama, yaitu sebagai berikut: system comprises 4 main components, as follows:
Application of Risk Management
Adequacy of the
Identification,
Adequacy of Risk Measurement,
Active Supervision
Management Policy Monitoring, and Comprehensive
of the Directors
and Procedures Risk Control Internal Control
and the Board of
and Limit Process and Risk System
Commissioners
Determination Risk Management
Information
Systems
a) Pengawasan Aktif Dewan Komisaris dan Direksi a) Active Oversight by the Board of Commissioners
248 and the Board of Directors
Penerapan sistem manajemen risiko di lingkup The implementation of the risk management
Perseroan merupakan tanggung jawab bersama system within the Company constitutes a shared
seluruh jajaran Manajemen termasuk Direksi yang responsibility of all levels of Management, including
bertanggung jawab penuh untuk mengarahkan, the Board of Directors, which bears full responsibility
menyetujui, dan mengevaluasi Kebijakan for directing, approving, and evaluating the
Manajemen Risiko Perseroan, sementara Dewan Company’s Risk Management Policy. Meanwhile, the
Komisaris berperan melakukan fungsi pengawasan Board of Commissioners performs an active oversight
aktif terhadap aktivitas pengelolaan risiko yang function over the risk management activities carried
dilakukan Direksi. out by the Board of Directors.
Dalam kaitannya dengan penerapan Manajemen In relation to the implementation of Risk
Risiko, Dewan Komisaris berwenang dan Management, the Board of Commissioners has the
bertanggung jawab untuk: authority and responsibility to:
1. Menyetujui dan mengevaluasi Kebijakan 1. Approve and evaluate the Risk Management
Manajemen Risiko. Policy.
2. Mengevaluasi dan/atau memberikan arahan 2. Evaluate and/or provide directives for
perbaikan atas pertanggungjawaban Direksi improvement regarding the Board of Directors’
dalam pelaksanaan Kebijakan Manajemen accountability in implementing the Risk
Risiko. Management Policy.
3. Mengevaluasi dan memutuskan permohonan 3. Evaluate and decide on proposals submitted by
Direksi terkait transaksi yang memerlukan the Board of Directors concerning transactions
persetujuan Dewan Komisaris. requiring the approval of the Board of
Commissioners.
Dewan Komisaris wajib mengevaluasi Kebijakan The Board of Commissioners is required to
Manajemen Risiko Perseroan paling sedikit satu evaluate the Company’s Risk Management Policy
kali dalam setahun, atau sewaktu-waktu apabila at least once a year, or at any time in the event
terdapat perubahan signifikan pada faktor yang of significant changes in factors affecting the
mempengaruhi kegiatan usaha Perseroan. Company’s business activities.
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Sementara itu, sebagai pihak yang bertanggung Meanwhile, as the party fully responsible for
jawab penuh atas implementasi sistem the implementation of the Company’s risk
manajemen risiko Perseroan, Direksi berwenang management system, the Board of Directors has
dan bertanggung jawab untuk: the authority and responsibility to:
1. Menyusun kebijakan dan strategi Manajemen 1. Formulate comprehensive written Risk
Risiko secara tertulis dan komprehensif. Management policies and strategies.
2. Bertanggung jawab atas pelaksanaan kebijakan 2. Be accountable for the implementation of
Manajemen Risiko dan eksposur risiko Risk Management policies and the overall
yang diambil oleh Perusahaan Efek secara risk exposures undertaken by the Securities
keseluruhan. Company.
3. Mengevaluasi dan memutuskan transaksi yang 3. Evaluate and decide on transactions requiring
memerlukan persetujuan Direksi. the approval of the Board of Directors.
4. Memastikan peningkatan kompetensi sumber 4. Ensure the enhancement of competencies of
daya manusia yang terkait dengan Manajemen human resources related to Risk Management.
Risiko.
5. Memastikan fungsi Manajemen Risiko telah 5. Ensure that the Risk Management function
beroperasi secara independen. operates independently.
6. Melaksanakan kaji ulang secara berkala paling 6. Conduct periodic reviews at least once a year
sedikit 1 kali dalam setahun untuk memastikan: to ensure:
a) Keakuratan metodologi penilaian risiko. a) The accuracy of risk assessment
methodologies.
b) Kecukupan implementasi Sistem Informasi b) The adequacy of the implementation of the
Manajemen Risiko. Risk Management Information System.
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c) Ketepatan kebijakan dan prosedur c) The appropriateness of risk management
manajemen risiko, serta penetapan limit policies and procedures, including the
risiko. establishment of risk limits.
Perseroan memastikan bahwa Direksi memiliki The Company ensures that the Board of Directors
pemahaman yang memadai mengenai risiko possesses adequate understanding of the risks
yang melekat pada seluruh aktivitas fungsional inherent in all functional activities of the Securities
Perusahaan Efek, serta mampu mengambil Company and is capable of taking the necessary
tindakan yang diperlukan sesuai dengan profil actions in accordance with the Company’s risk
risiko Perseroan. profile.
b) Kecukupan Kebijakan dan Prosedur Manajemen b) Adequacy of Risk Management Policies and
Risiko serta Penetapan Limit Risiko Procedures and the Establishment of Risk Limits
Perseroan memiliki Kebijakan Manajemen Risiko The Company has a Risk Management Policy that
yang sudah disetujui oleh Dewan Komisaris has been approved by the Board of Commissioners
dan Direksi melalui Surat Keputusan Dewan and the Board of Directors through the Decree
Komisaris PT Trimegah Sekuritas Indonesia Tbk of the Board of Commissioners of PT Trimegah
No. 011/RM/SKDEKOM/XI/2025.TRIM tanggal Sekuritas Indonesia Tbk No. 011/RM/SKDEKOM/
10 November 2025, untuk merevisi Surat XI/2025.TRIM dated November 10, 2025, which
Keputusan No. 010/RM/SKDEKOM/XII/2023.TRIM revises Decree No. 010/RM/SKDEKOM/XII/2023.
mengenai penonaktifan surat Keputusan Dewan TRIM regarding the revocation of the previous
Komisaris PT Trimegah Sekuritas Indonesia Tbk. Decree of the Board of Commissioners of
PT Trimegah Sekuritas Indonesia Tbk.
Kebijakan Manajemen Risiko berfungsi sebagai The Risk Management Policy serves as the
landasan utama dalam memastikan kecukupan primary foundation for ensuring the adequacy of
pengelolaan risiko Perseroan, termasuk pengaturan the Company’s risk management, including the
prosedur serta penetapan limit risiko yang establishment of procedures and the setting of risk
diperlukan untuk menjaga kegiatan usaha tetap limits necessary to keep business activities within
2025 Annual Report
berada dalam tingkat risiko yang dapat diterima. an acceptable level of risk. Through this policy,
Melalui kebijakan tersebut, proses identifikasi, the processes of risk identification, measurement,
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pengukuran, pemantauan, dan pengendalian risiko monitoring, and control can be carried out in a
dapat dilakukan secara lebih terarah dan konsisten, more structured and consistent manner, thereby
sehingga mendukung stabilitas operasional Perseroan supporting the Company’s operational stability and
serta kepatuhan terhadap ketentuan regulator. ensuring compliance with regulatory requirements.
c) Kecukupan Proses Identifikasi, Pengukuran, c) Adequacy of Risk Identification, Measurement,
Pemantauan, dan Pengendalian Risiko serta Monitoring, and Control Processes and the Risk
Sistem Informasi Manajemen Risiko Management Information System
Proses identifikasi, pengukuran, pemantauan, The processes of risk identification, measurement,
dan pengendalian risiko, termasuk dukungan monitoring, and control, including support from
Sistem Informasi Manajemen Risiko, dilaksanakan the Risk Management Information System, are
secara terpadu berdasarkan hasil evaluasi Komite carried out in an integrated manner based on the
Manajemen Risiko bersama divisi terkait. Evaluasi evaluations conducted by the Risk Management
ini mencakup deskripsi risiko, ruang lingkup dan Committee together with the relevant divisions.
eksposur, sifat dan pengaruh risiko, pemangku This evaluation covers risk descriptions, scope and
kepentingan yang terdampak, hingga pengalaman exposures, the nature and potential impact of risks,
kerugian atas risiko serupa di masa lalu. affected stakeholders, as well as historical loss
experience from similar risks.
Dalam melakukan pengukuran terhadap profil In measuring risk profiles, the Company applies
risiko, Perseroan menerapkan kombinasi metode a combination of qualitative and quantitative
kualitatif dan kuantitatif dengan menetapkan skor methods by assigning risk scores based on the
risiko berdasarkan tingkat kemungkinan terjadinya likelihood of occurrence and the potential impact.
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risiko dan besarnya dampak yang ditimbulkan. Hasil The results of these measurements are then
pengukuran tersebut kemudian diperkaya dengan enriched through independent assessments by the
penilaian independen oleh fungsi Manajemen Risk Management function in coordination with
Risiko melalui koordinasi lintas divisi. cross-functional divisions.
Proses pemantauan dan pengendalian Risk monitoring and control processes are
risiko dilakukan secara berkelanjutan untuk conducted continuously to ensure that all
memastikan seluruh prosedur dan tujuan procedures and objectives of risk management are
manajemen risiko terpenuhi. Pemantauan ini met. Monitoring includes assessing the design and
mencakup efektivitas desain dan operasional operational effectiveness of controls, collecting
pengendalian, pengumpulan informasi tambahan additional information to improve the quality of
guna meningkatkan kualitas penilaian risiko, risk assessments, analyzing trends and incidents—
melakukan analisis terhadap tren dan insiden, including successes and failures—and performing
baik keberhasilan maupun kegagalan, serta early detection of internal or external changes
melakukan deteksi dini atas perubahan internal that may affect the Company’s risk profile. These
maupun eksternal yang dapat memengaruhi findings then serve as the basis for adjusting risk
profil risiko Perseroan. Temuan-temuan tersebut mitigation strategies and determining supervisory
selanjutnya menjadi dasar dalam penyesuaian priorities.
strategi penanganan risiko dan penetapan prioritas
pengawasan.
d) Comprehensive Internal Control System
d) Sistem Pengendalian Internal yang Menyeluruh The Company implements a comprehensive
Sistem pengendalian internal Perseroan diterapkan internal control system that is tailored to the
secara menyeluruh dan disesuaikan dengan inherent risk characteristics of each business
karakteristik risiko yang melekat pada setiap activity. This implementation is supported by the
kegiatan usaha. Implementasi ini didukung oleh risk management framework based on the Three
kerangka manajemen risiko yang berlandaskan Lines Model, in which the Board of Commissioners,
konsep Three Lines Model, di mana Dewan the Board of Directors, the Risk Management
Komisaris, Direksi, Komite Manajemen Risiko, Committee, and all business units carry out their
serta seluruh unit kerja menjalankan peran respective roles and responsibilities to ensure
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05 CORPORATE GOVERNANCE
Manajemen Risiko
Risk Management
dan tanggung jawab masing-masing dalam the effectiveness of internal controls. Through
memastikan efektivitas pengendalian internal. this approach, the Company is able to maintain
Melalui pendekatan ini, Perseroan mampu menjaga compliance, enhance the quality of oversight, and
kepatuhan, meningkatkan kualitas pengawasan, strengthen operational resilience on an ongoing
serta memperkuat ketahanan operasional secara basis.
berkelanjutan.
Identification of Key Company Risks and Risk
Identifikasi Risiko-risiko Utama Perusahaan dan Mitigation
Mitigasi Risiko Throughout 2025, the Company focused its risk
Sepanjang tahun 2025, pengelolaan risiko Perseroan management on 8 inherent risk types that were prioritized
difokuskan pada 8 jenis risiko inheren yang menjadi for oversight. Each risk type was managed through
prioritas pengawasan. Setiap jenis risiko tersebut dikelola structured monitoring activities and tailored mitigation
melalui kegiatan pemantauan yang terstruktur serta measures, with the details described as follows:
langkah-langkah mitigasi yang disesuaikan berdasarkan
karakteristiknya, dengan uraian sebagai berikut:
Jenis-jenis Risiko Penjelasan Upaya Mitigasi
Type of Risks Description Mitigation Efforts
Risiko Kredit Risiko yang terjadi ketika debitur atau Perseroan memiliki kebijakan tertulis terkait
peminjam dana tidak dapat membayar pemberian limit kepada nasabah dan
utang dan memenuhi kewajiban seperti yang penanganan kepada nasabah yang tidak
tertuang dalam kesepakatan. memenuhi kewajiban yang tertuang dalam
kesepakatan.
251
Credit Risk The risk that occurs if debtor or borrower The Company has a written policy related
is unable to pay the debts and fulfill the to the provision of limits to clients and the
obligations as stipulated in the agreement. handling of clients who do not fulfill their
obligations as stated in the agreement.
Risiko Pasar Potensi penyimpangan hasil keuangan yang Perseroan memiliki fungsi Manajemen Risiko
diakibatkan oleh variabel pasar selama yang khusus mengatur kegiatan transaksi
periode likuidasi dan Perseroan harus Portofolio Efek dan memiliki SOP dengan
melakukan penyesuaian nilai terhadap pasar. cakupan yang memuat alur pengambilan
keputusan, kriteria portofolio, dan segregasi
wewenang.
Market Risk Potential deviations in financial results The Company has a Risk Management
caused by market variables during the function that specifically regulates Securities
liquidation period and the Company must Portfolio transaction activities and has
adjust the value to the market. SOPs covering the decision-making process,
portfolio criteria, and segregation of
authority.
Risiko Likuiditas Risiko yang dapat terjadi karena adanya Perseroan memiliki kebijakan tertulis
ketidakpastian atau kemungkinan Perseroan yang diimplementasikan secara konsisten
tidak mampu memenuhi kewajiban jangka dan dimonitor serta dievaluasi secara
pendek dan pengeluaran tidak terduga. berkesinambungan.
Selain itu, risiko ini juga berpotensi timbul
karena adanya kemungkinan penjualan aset
Perseroan dengan diskon yang tinggi karena
kesulitan mencari pembeli untuk aset yang
tidak likuid.
Liquidity Risk Risks that can occur due to uncertainty or The Company has a written policy that is
the possibility that the Company is unable consistently implemented, and continuously
to meet its short-term obligations and monitored and evaluated.
unexpected expenses. In addition, this risk
may arise from the possibility of selling the
2025 Annual Report
Company’s assets at a high discount due to
difficulty finding buyers for illiquid assets.
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Manajemen Risiko
Risk Management
Jenis-jenis Risiko Penjelasan Upaya Mitigasi
Type of Risks Description Mitigation Efforts
Risiko Risiko atas potensi penyimpangan dari hasil Perseroan memiliki persetujuan berjenjang
Operasional yang diharapkan karena tidak berfungsinya dalam proses bisnis (4 eyes), memberikan
suatu sistem, sumber daya manusia, pelatihan berkala kepada karyawan, memiliki
teknologi, atau faktor operasional lainnya. Business Continuity Plan (BCP) terkait sistem
front office dan back office, maintenance
secara berkala, dan memiliki back up
connection.
Operational Risk Risk of potential deviations from the The Company has tiered approval in business
expected results due to the malfunction of processes (4 eyes), provides periodic training
a system, human resources, technology, or to employees, has a Business Continuity Plan
other operational factors. (BCP) related to front office and back-office
systems, regular maintenance, and has a
back up connection.
Risiko Hukum Risiko atas potensi kerugian akibat tuntutan Perseroan memiliki SOP dan kebijakan
hukum yang dilayangkan kepada Perseroan. yang memadai atas aktivitas operasional,
dan memiliki staf hukum yang kompeten.
Perseroan juga dapat menunjuk kuasa
hukum.
Legal Risk Risk of potential losses due to lawsuits filed The Company has adequate SOPs and
against the Company. policies for operational activities and employs
competent legal staff. The Company may
252 also appoint external attorneys if needed.
Risiko Reputasi Potensi kerugian atas hilang atau Perseroan memiliki whistleblowing system
terganggunya reputasi Perseroan karena yang memuat alur penerimaan, penanganan,
penerimaan lingkungan eksternal yang penyelesaian, dan segregasi wewenang.
rendah, atau terjadi penolakan.
Reputation Risk Potential losses from the loss or deterioration The Company has a whistleblowing
of the Company’s reputation due to low system covering the acceptance, handling,
external acceptance or public rejection. resolution, and segregation of authority for
reported issues.
Risiko Strategis Potensi menurunnya daya saing perusahaan, Secara umum, Perseroan memiliki sumber
unit usaha, atau produk karena formulasi daya manusia yang memadai, baik dalam
strategi, rencana bisnis, dan implementasi kuantitas maupun kompetensi pada fungsi
rencana yang tidak konsisten dengan faktor manajemen risiko strategis.
eksternal dan internal.
Strategic Risk The potential for decreased competitiveness The Company has adequate human
of the Company, its business units, or resources in both quantity and competency
products due to inconsistent strategies, for strategic risk management functions.
business plans, or plan implementation with
external and internal factors.
Risiko Kepatuhan Risiko yang terjadi akibat ketidakpatuhan Perseroan memiliki SOP dan kebijakan atas
Perseroan dalam melaksanakan peraturan aktivitas operasional dan tindak lanjut atas
perundang-undangan dan ketentuan lain temuan pemeriksaan oleh regulator, serta
yang berlaku. memiliki fungsi kepatuhan yang telah sesuai
peraturan dan ketentuan yang berlaku.
Compliance Risk Risks that occur due to the Company’s The Company has SOPs and policies on
noncompliance in implementing laws and operational activities and follow-up on
other prevailing regulations. regulatory inspection findings and maintains
a compliance function aligned with prevailing
regulations and rules.
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05 CORPORATE GOVERNANCE
Manajemen Risiko
Risk Management
Secara umum, prosedur dan praktik harian pengelolaan Overall, the procedures and daily risk management
risiko telah terintegrasi dengan seluruh aktivitas usaha practices have been integrated into all of the Company’s
Perseroan. Dengan demikian, implementasi Rencana business activities. Accordingly, the implementation
Aksi Keuangan Berkelanjutan dapat berjalan efektif. of the Sustainable Finance Action Plan can be carried
Alur proses tersebut digambarkan melalui bagan di out effectively. The process flow is illustrated in the
bawah ini: diagram below:
Dewan Komisaris
Board of Commissioners
Direksi Komite Manajemen Risiko
Board of Directors Risk Management Committee
Satuan Kerja Manajemen Risiko
Risk Management Unit 253
Asesmen Risiko
Risk Assessment
Identifikasi
Identification
Analisis Komunikasi &
Pengawasan &
Analysis Konsultasi
Peninjauan
Communication &
Supervision & Review
Consultancy
Evaluasi
Evaluation
Penanganan & Rekomendasi
Handling & Recommendation
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Manajemen Risiko
Risk Management
Laporan Pelaksanaan Tugas Divisi Risk Management Report on the Implementation of the Risk
& Anti Fraud Tahun 2025 Management & Anti Fraud Division’s Duties in 2025
Sepanjang tahun 2025, Perseroan terus memperkuat Throughout 2025, the Company continued to
sistem manajemen risiko sebagai bagian integral dari strengthen its risk management system as an integral
strategi bisnis yang sehat dan berkelanjutan. Dengan part of a sound and sustainable business strategy. With
pengawasan aktif dari Direksi dan Dewan Komisaris, active oversight from the Board of Directors and the
serta didukung oleh kebijakan, prosedur, dan penetapan Board of Commissioners, supported by clear policies,
batasan risiko yang jelas, seluruh aktivitas usaha procedures, and risk limits, all business activities were
dikelola dengan prinsip kehati-hatian. Sebagai bagian managed prudently. As part of the risk management
dari kerangka pengelolaan risiko, Komite Manajemen framework, the Risk Management Committee routinely
Risiko secara rutin meninjau profil risiko, mengevaluasi reviewed risk profiles, evaluated business opportunities,
peluang usaha, dan memberikan rekomendasi strategis and provided strategic recommendations to the Board
kepada Direksi. Dengan demikian, program kerja Risk of Directors. This ensured that the Risk Management
Management dapat dijalankan secara efektif dan setiap program could be executed effectively and that
keputusan bisnis diambil dengan pertimbangan risiko all business decisions were made with thorough
yang matang. consideration of associated risks.
Selain melakukan pengawasan rutin, Perseroan juga In addition to routine monitoring, the Company
menekankan ketahanan usaha melalui stress testing emphasized business resilience through regular stress
berkala pada aspek keuangan dan operasional utama testing of key financial and operational aspects to
untuk menilai sensitivitas terhadap penurunan assess sensitivity to revenue declines, cost increases,
pendapatan, kenaikan biaya, serta potensi gangguan and potential operational disruptions. In line with this,
operasional. Selaras dengan itu, Business Continuity the Business Continuity Plan (BCP) was implemented
254
Plan (BCP) juga diterapkan untuk memastikan to ensure the continuity of critical business processes,
kelangsungan proses bisnis kritikal dengan langkah- with mitigation and recovery measures tailored to the
langkah mitigasi dan pemulihan yang disesuaikan complexity of operations. Periodic evaluation and review
dengan kompleksitas usaha. Evaluasi dan peninjauan ensured the Company was prepared for various adverse
berkala memastikan Perseroan siap menghadapi scenarios, thereby maintaining operational resilience.
berbagai skenario kurang menguntungkan sehingga
ketahanan operasional tetap terjaga.
Di sisi lain, Perseroan memperkuat penerapan Strategi Moreover, the Company strengthened the
Anti-fraud yang meliputi pencegahan, deteksi, implementation of its Anti-fraud Strategy, covering
investigasi, serta pemantauan dan tindak lanjut. prevention, detection, investigation, monitoring, and
Inisiatif ini ditujukan untuk mengatasi praktik korupsi, follow-up. This initiative aimed to address corruption,
suap, gratifikasi, dan bentuk fraud lainnya. Sistem ini bribery, gratuities, and other forms of fraud. The
dijalankan oleh Divisi Risk Management & Anti Fraud system was executed by the Risk Management & Anti
dengan dukungan unit terkait, Direksi, dan pengawasan Fraud Division with support from relevant units, the
Dewan Komisaris. Board of Directors, and oversight from the Board of
Commissioners.
Dengan mengintegrasikan seluruh upaya ini, Perseroan By integrating all these efforts, the Company ensured
memastikan bahwa pengelolaan risiko dilakukan secara that risk management was conducted prudently and
prudent dan menyeluruh, sehingga keberlangsungan comprehensively, safeguarding business continuity,
usaha tetap terjaga, penciptaan nilai jangka panjang securing long-term value creation for stakeholders, and
bagi pemangku kepentingan terjamin, dan posisi further strengthening the Company’s position in the
Perseroan di industri pasar modal semakin diperkuat. capital market industry.
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05 CORPORATE GOVERNANCE
Manajemen Risiko
Risk Management
Evaluasi Efektivitas Sistem Manajemen Risiko Tahun Evaluation of the Effectiveness of the Risk
2025 Management System in 2025
Sepanjang 2025, Divisi Risk Management & Anti Throughout 2025, the Risk Management & Anti
Fraud secara konsisten meninjau dan mengevaluasi Fraud Division consistently reviewed and evaluated
efektivitas penerapan sistem manajemen risiko the effectiveness of the Company’s risk management
Perseroan. Hasil penilaian menunjukkan bahwa system. The assessment results indicated that all risk
seluruh proses pengelolaan risiko berjalan dengan baik, management processes were conducted properly,
disiplin, dan sesuai dengan kebijakan serta prosedur disciplined, and in accordance with internal policies and
internal. Pendekatan ini memastikan setiap keputusan procedures. This approach ensured that every business
bisnis diambil secara prudent dan mendukung decision was made prudently and supported the long-
keberlangsungan usaha jangka panjang. term sustainability of the business.
Fokus utama pengelolaan risiko Perseroan tetap pada The Company’s risk management focus remained
risiko kredit, khususnya piutang dari transaksi REPO primarily on credit risk, particularly receivables from
yang menjadi eksposur terbesar. Pertumbuhan IHSG REPO transactions, which represent the largest
yang tinggi meningkatkan nilai collateral nasabah, exposure. Strong growth in the IDX Composite (IHSG)
memperkuat rasio keuangan, dan menjaga eksposur increased client collateral value, strengthened financial
kredit dalam kondisi aman. Meski demikian, Perseroan ratios, and kept credit exposure in a safe condition.
tetap mengedepankan prinsip kehati-hatian dalam Nevertheless, the Company continued to uphold
menetapkan limit dan evaluasi nasabah sehingga prudence in setting limits and evaluating clients to
kualitas portofolio selalu terjaga. Selain itu, Perseroan maintain portfolio quality. In addition, the Company
juga aktif mengelola risiko lainnya, termasuk risiko pasar, actively managed other risks, including market,
likuiditas, operasional, kepatuhan, hukum, reputasi, dan liquidity, operational, compliance, legal, reputational,
255
strategis, sehingga seluruh aktivitas usaha berada dalam and strategic risks, ensuring all business activities
batas toleransi risiko yang telah ditetapkan. remained within established risk tolerance levels.
Pada tahun 2025, evaluasi implementasi manajemen In 2025, the evaluation of risk management
risiko baik di kantor pusat maupun cabang tidak implementation at both the head office and branch
ditemukan adanya deviasi atau temuan signifikan. offices found no deviations or significant findings. This
Hal ini menegaskan bahwa sistem manajemen risiko confirms that the Company’s risk management system
Perseroan berjalan efektif untuk mendukung stabilitas operated effectively to support operational stability,
operasional, memperkuat posisi Perseroan di pasar strengthen the Company’s position in the capital
modal, serta mendukung penciptaan nilai jangka market, and contribute to long-term value creation for
panjang bagi seluruh pemangku kepentingan. all stakeholders.
Pernyataan Direksi atas Kecukupan Sistem Statement of the Board of Directors on the Adequacy
Manajemen Risiko of the Risk Management System
Direksi menilai bahwa sepanjang tahun pelaporan, The Board of Directors view that throughout the
Perseroan telah menerapkan sistem Manajemen reporting year, the Company has implemented a risk
Risiko yang memadai dan efektif untuk mendukung management system that is adequate and effective in
pengelolaan risiko secara menyeluruh. Perseroan supporting comprehensive risk oversight. The Company
berkomitmen untuk terus melakukan perbaikan is committed to continuous improvement to strengthen
berkelanjutan guna memperkuat ketahanan terhadap resilience against potential risks in line with business
potensi risiko seiring dengan pertumbuhan bisnis growth and the evolving regulatory landscape, ensuring
dan dinamika regulasi yang terus berkembang that the risk management system remains relevant and
sehingga sistem manajemen risiko tetap relevan dan supports long-term value creation for all stakeholders.
mendukung penciptaan nilai jangka panjang bagi
seluruh pemangku kepentingan.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Perkara-perkara Penting
Important Cases
Pada tahun 2025 dan sampai dengan disampaikannya In 2025 and up to the date of the issuance of this
laporan tahunan ini, berikut ini adalah informasi Annual Report:
perkara-perkara penting:
• Tidak terdapat tuntutan dan/atau gugatan hukum • There have been no legal claims and/or lawsuits,
apapun baik kasus perdata maupun pidana yang whether civil or criminal, that have a material
berdampak material yang diajukan oleh pihak impact and have been filed by any party against the
manapun yang ditujukan kepada Perseroan Company, including its subsidiaries, the Board of
termasuk entitas anak Perseroan, Dewan Komisaris, Commissioners, or the Board of Directors.
maupun Direksi Perseroan.
• Pada tanggal 2 Juni 2025, Perseroan bertindak • On 2 June 2025, the Company, acting as the
selaku Pelapor telah membuat Laporan Kepolisian Reporting Party, filed a Police Report regarding
atas dugaan Tindak Pidana Kejahatan Informasi dan an alleged Criminal Offense under the Electronic
Transaksi Elektronik pada Kepolisian Daerah Metro Information and Transactions Law with the Metro
Jaya berdasarkan Surat Tanda Penerimaan Laporan Jaya Regional Police, as evidenced by the Letter
No. STTLP/B/3731/VI/2025/SPKT/POLDA METRO of Receipt of Report No. STTLP/B/3731/VI/2025/
JAYA (“Laporan Kepolisian”); Per 31 Desember SPKT/POLDA METRO JAYA (the “Police Report”);
2025, proses hukum telah masuk ke dalam proses As of December 31, 2025, the legal process has
persidangan untuk memberikan keterangan saksi- proceeded to the trial stage for the examination and
saksi dimuka pengadilan pada Pengadilan Negeri testimony of witnesses before the South Jakarta
Jakarta Selatan untuk beberapa terdakwa. District Court concerning several defendants.
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05 CORPORATE GOVERNANCE
Sanksi Administratif
Administrative Sanction
Pada tahun 2025, anggota Dewan Komisaris dan Direksi In 2025, members of the Board of Commissioners and
tidak menerima sanksi administratif dan tidak terdapat the Board of Directors did not receive any administrative
perkara yang berdampak negatif bagi kondisi keuangan sanctions and there were no cases that negatively
yang mempengaruhi kelangsungan usaha Perseroan. impacted the financial condition that affected the
continuity of the Company’s business.
Sanksi administratif berupa denda kepada Perseroan Administrative sanctions in the form of fines charged
pada tahun 2025 merupakan sanksi atas koreksi, to the Company in 2025 were sanctioned due to
pembatalan, dan keterlambatan pelaporan transaksi correction, cancellation, and delay in reporting of
efek. securities transactions.
257
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Kode Etik
Code of Conduct
Perseroan senantiasa menanamkan profesionalisme, The Company consistently instills professionalism,
integritas, dan sikap saling menghormati di seluruh integrity, and mutual respect at all levels of the
tingkatan organisasi untuk menciptakan lingkungan organization to create a safe, comfortable, and
kerja yang aman, nyaman, dan produktif. Komitmen productive work environment. This commitment is
ini diwujudkan melalui penerapan Kode Etik (Code manifested through the implementation of the Code
of Conducts) yang ditetapkan berdasarkan Surat of Ethics and Code of Conduct, as stipulated in the
Keputusan Direksi dan Dewan Komisaris PT Trimegah Joint Decree of the Board of Directors and Board of
Sekuritas Indonesia Tbk dan PT Trimegah Asset Commissioners of PT Trimegah Sekuritas Indonesia
Management No. Kep: 099/CorSec/BoC-BoD/XII/2022. Tbk and PT Trimegah Asset Management No. Kep:
TRIM tentang Penerapan Kode Etik dan Pedoman 099/CorSec/BoC-BoD/XII/2022.TRIM concerning the
Tingkah Laku PT Trimegah Sekuritas Indonesia Tbk dan Implementation of the Code of Ethics and Code of
PT Trimegah Asset Management yang berlaku efektif Conduct of PT Trimegah Sekuritas Indonesia Tbk and PT
sejak 14 Desember 2022. Trimegah Asset Management, which has been effective
since December 14, 2022.
Di Perseroan, Kode Etik berperan sebagai pedoman Within the Company, the Code of Conduct serves as a
perilaku bagi seluruh manajemen dan karyawan, behavioral guideline for all management and employees,
sekaligus menjadi standar etika dalam setiap interaksi as well as an ethical standard governing interactions
dengan pihak internal maupun eksternal. Selain itu, with both internal and external stakeholders. In
Kode Etik juga ditetapkan sebagai landasan penting addition, the Code of Conduct functions as an essential
dalam mendukung tercapainya visi, misi, dan nilai-nilai foundation in supporting the achievement of the
budaya perusahaan, sehingga setiap insan Perseroan Company’s vision, mission, and corporate values,
memiliki acuan yang jelas dalam bersikap, mengambil ensuring that every individual within the Company
258
keputusan, serta menjalankan tanggung jawab has clear guidance in conducting themselves, making
profesional secara konsisten dan berintegritas. decisions, and carrying out professional responsibilities
consistently and with integrity.
Pokok-pokok Kode Etik Key Provisions of the Code of Conduct
Kode Etik Perseroan mengatur sejumlah topik utama The Company’s Code of Conduct covers several key
yang wajib dipatuhi oleh seluruh jajaran manajemen topics that must be observed by all members of
dan karyawan, antara lain sebagai berikut: management and employees, including the following:
1. Menjaga Kerahasiaan Data dan Informasi 1. Safeguarding Confidential Data and Information
2. Mematuhi Ketentuan Perundang-Undangan yang 2. Compliance with Applicable Laws and Regulations
Berlaku
3. Benturan Kepentingan 3. Conflict of Interest
4. Aset Perseroan 4. Company Assets
5. Larangan Insider Trading 5. Prohibition of Insider Trading
6. Anti Korupsi dan Gratifikasi 6. Anti-corruption and Gratification
7. Keterlibatan dalam Kegiatan Politik 7. Involvement in Political Activities
8. Hubungan antar Karyawan 8. Employee Relations
9. Hubungan dengan Nasabah 9. Customer Relations
10. Hubungan dengan Regulator 10. Regulator Relations
11. Kebijakan Negosiasi dan/atau Penentuan Harga 11. Negotiation and/or Pricing Policy
12. Kegiatan dan/atau Usaha Sampingan 12. Side Activities and/or Businesses
13. Penatausahaan dan Retensi Dokumen 13. Document Administration and Retention
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05 CORPORATE GOVERNANCE
Kode Etik
Code of Conduct
Pernyataan bahwa Kode Etik Perusahaan Berlaku Statement on the Equal Applicability of
Setara bagi Seluruh Level Organisasi the Company’s Code of Conduct Across All
Organizational Levels
Kode Etik Perseroan bersifat mengikat bagi seluruh The Company’s Code of Conduct is binding on all
manajemen dan karyawan, sehingga setiap insan members of management and employees, requiring
Perseroan wajib menjaga perilaku yang selaras dengan every individual within the Company to uphold conduct
standar etika yang telah ditetapkan. that is consistent with the established ethical standards.
Penyebarluasan dan Sosialisasi Kode Etik Perseroan Dissemination and Socialization of the Company’s
Code of Conduct
Kegiatan sosialisasi dilakukan pertama kali pada The initial socialization of the Code of Conduct
tanggal 15 Desember 2022 melalui e-mail blast was conducted on December 15, 2022, through an
kepada seluruh karyawan. Selain itu, dokumen Kode email blast to all employees. In addition, the Code
Etik juga dapat diakses secara terbuka melalui Human of Conduct is accessible via the Human Resource
Resource Information System (HRIS) dan situs web Information System (HRIS) and the Company’s website
(www.trimegah.com), baik oleh karyawan di kantor (www.trimegah.com) for employees at both the head
pusat maupun cabang. Melalui kanal tersebut, office and branch offices. Through these channels,
Perseroan terus berupaya memastikan pemahaman dan the Company continues to ensure that all employees
kepatuhan seluruh karyawan terhadap Kode Etik. understand and comply with the Code of Conduct.
Sanksi atas Pelanggaran Sanctions for Violations
Penerapan sanksi terhadap setiap pelanggaran The imposition of sanctions for any violation of the
Kode Etik dilakukan sesuai dengan ketentuan dalam Code of Conduct is carried out in accordance with 259
Peraturan Perusahaan dan peraturan perundang- the provisions of the Company Regulations and the
undangan yang berlaku. applicable laws and regulations.
Pengungkapan Mengenai Budaya Perusahaan Disclosure on Corporate Culture
Perseroan menanamkan budaya perusahaan (corporate The Company instills its corporate culture as a key
culture) sebagai pedoman utama dalam membentuk guideline in shaping the mindset and behavior of
cara berpikir dan bertindak seluruh karyawan. Nilai- all employees. The values of Client-first, Excellence,
nilai Client-first, Excellence, Fairness, dan Creativity Fairness, and Creativity are internalized in every work
diinternalisasikan dalam setiap aktivitas kerja, sehingga activity, encouraging employees to perform their
mendorong karyawan untuk menjalankan tugasnya duties professionally and with integrity. Through
secara profesional dan berintegritas. Melalui penerapan the implementation of these values, the Company
budaya ini, Perseroan berupaya menciptakan lingkungan strives to create a harmonious and collaborative work
kerja yang harmonis, kolaboratif, serta konsisten environment that consistently supports sound and
mendukung pengambilan keputusan yang tepat dan responsible decision-making.
bertanggung jawab.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Program Kepemilikan Saham Manajemen dan Karyawan
Management and Employees Shares Ownership Program
Saat ini Perseroan belum memiliki kebijakan pemberian Currently the Company does not have a policy of
kompensasi jangka panjang berbasis kinerja kepada granting long-term performance based compensation
manajemen dan/atau karyawan. Pada tahun 2025, to management and/or employees. In 2025, the
Perseroan tidak mengadakan program kepemilikan Company did not hold a share ownership program for
saham bagi manajemen dan/atau karyawan. management and/or employees.
260
PT Trimegah Sekuritas Indonesia Tbk
Page 261
05 CORPORATE GOVERNANCE
Kebijakan Pengungkapan Saham Anggota Direksi dan Dewan Komisaris
Disclosure Policy of the Board of Directors and the Board of Commissioners’ Share
Merujuk pada ketentuan POJK No. 4 Tahun 2024 Referring to the provisions of POJK No. 4 Tahun 2024
tentang Laporan Kepemilikan atau Setiap Perubahan concerning Reports on Share Ownership or Any Changes
Kepemilikan Saham Perusahaan Terbuka Dan Laporan in Share Ownership of Public Companies and Reports
Aktivitas Menjaminkan Saham Perusahaan Terbuka on Pledging Activities of Public Company Shares,
dan SEOJK Nomor 10/SEOJK.04/2025 tentang and SEOJK No. 10/SEOJK.04/2025 concerning the
Penyampaian Laporan Kepemilikan Atau Setiap Electronic Submission of Reports on Share Ownership or
Perubahan Kepemilikan Saham Perusahaan Terbuka Any Changes in Share Ownership of Public Companies
Dan Laporan Aktivitas Menjaminkan Saham Perusahaan and Reports on Pledging Activities of Public Company
Terbuka Secara Elektronik, Perseroan telah menetapkan Shares, the Company has established a policy regarding
kebijakan mengenai pengungkapan kepemilikan saham the disclosure of share ownership by members of the
oleh anggota Direksi dan Dewan Komisaris. Kebijakan Board of Directors and the Board of Commissioners.
ini dituangkan dalam Surat Keputusan Direksi dan This policy is set forth in the Joint Decree of the Board
Dewan Komisaris No. 008/CorSec/BoCBoD/II/2022. of Directors and the Board of Commissioners No.
TRIM tentang Kebijakan Pengungkapan Kepemilikan 008/CorSec/BoCBoD/II/2022.TRIM concerning the
Saham Perseroan. Company’s Share Ownership Disclosure Policy.
Dalam pelaksanaannya, setiap anggota Direksi dan In its implementation, each member of the Board of
Dewan Komisaris diwajibkan untuk melaporkan Directors and the Board of Commissioners is required
kepemilikan saham maupun perubahan atas to report their share ownership, as well as any changes
kepemilikan tersebut baik langsung maupun tidak thereto—whether direct or indirect—to the Corporate
langsung kepada Corporate Secretary. Selanjutnya, Secretary. Subsequently, the Company submits
Perseroan menyampaikan laporan tersebut kepada such reports to the regulator in accordance with the
regulator sesuai ketentuan peraturan perundang- prevailing laws and regulations. 261
undangan yang berlaku.
Pelaksanaan Kebijakan Pengungkapan Saham Anggota Direksi dan Dewan Komisaris
Implementation of the Share Disclosure Policy for Members of the Board of Directors and the Board of Commissioners
Kepemilikan Saham (%)
Nama Jabatan Share Ownership
Name Position Per 1 Jan 2025 Per 31 Des 2025
As of Jan 1, 2025 As of Dec 31, 2025
Direktur Utama
Philmon Samuel Tanuri 7,86 7,86
President Director
Direktur
David Agus 0,25 0,25
Director
Direktur
Anung Rony Hascaryo - -
Director
Komisaris Utama/
Komisaris Independen
Rofikoh Rokhim - -
President Commissioner/
Independent Commissioner
Komisaris Independen
Edy Sugito - -
Independent Commissioner
Selama tahun 2025, tidak terdapat perubahan During 2025, there were no changes in the Company’s
Kepemilikan saham Perseroan oleh Direksi dan share ownership by the Board of Directors and the
Komisaris. Board of Commissioners.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Kebijakan Pelaporan Pelanggaran dan Anti Korupsi
Whistleblowing and Anti-corruption Policy
Kebijakan Anti Korupsi Anti-corruption Policy
Perseroan berkomitmen untuk menjalankan kegiatan The Company is committed to conducting business
usaha secara adil, sehat, dan transparan, serta bebas activities in a fair, sound, and transparent manner,
dari praktik Korupsi, Kolusi, dan Nepotisme (KKN) and to operating free from practices of Corruption,
maupun bentuk bad governance lainnya. Sebagai Collusion, and Nepotism (KKN) as well as other forms
wujud nyata dari komitmen tersebut, Perseroan telah of poor governance. As a tangible manifestation of
menetapkan Kebijakan Anti Korupsi dalam Kode Etik this commitment, the Company has established an
Perseroan, yang disahkan melalui Surat Keputusan Anti-Corruption Policy within the Company’s Code
Direksi & Dewan Komisaris PT Trimegah Sekuritas of Conduct, ratified through the Joint Decree of the
Indonesia Tbk dan PT Trimegah Asset Management No. Board of Commissioners and the Board of Directors of
Kep: 099/CorSec/BoC-BoD/XII/2022.TRIM tanggal 14 PT Trimegah Sekuritas Indonesia Tbk and PT Trimegah
Desember 2022. Asset Management No. Kep: 099/CorSec/BoC-BoD/
XII/2022.TRIM dated December 14, 2022.
Selain itu, Perseroan juga secara proaktif menyesuaikan In addition, the Company has proactively aligned the
penerapan Strategi Anti-fraud sejalan dengan ketentuan implementation of its Anti-fraud Strategy with the
POJK Nomor 12 Tahun 2024 yang telah ditetapkan pada provisions of Financial Services Authority Regulation
Pedoman Strategi Anti Fraud tanggal 25 April 2025, (POJK) No. 12 of 2024, as stipulated in the Anti-Fraud
guna memperkuat budaya integritas, akuntabilitas, Strategy Guidelines dated April 25, 2025, in order to
dan transparansi di seluruh lini operasional. Direksi further strengthen a culture of integrity, accountability,
dan seluruh karyawan diwajibkan menjunjung tinggi and transparency across all operational lines. The Board
kejujuran, mematuhi peraturan perundang-undangan, of Directors and all employees are required to uphold
serta menjalankan tugas dengan integritas tinggi, honesty, comply with applicable laws and regulations,
262
sehingga setiap tindakan yang berpotensi merugikan and perform their duties with high integrity, thereby
Perseroan, termasuk praktik KKN dapat dicegah dan ensuring that any actions potentially detrimental to the
ditindak secara tegas. Company, including KKN practices, can be effectively
prevented and firmly addressed.
Pelatihan dan/atau Sosialisasi Kebijakan Training and/or Socialization of the Whistleblowing
Whistleblower dan Anti Korupsi Tahun 2025 and Anti-corruption Policy in 2025
Dalam rangka meningkatkan pemahaman dan To enhance the understanding and awareness of all
kesadaran seluruh karyawan Perseroan terhadap employees regarding the Whistleblowing and Anti-
Kebijakan Whistleblower & Anti Korupsi, penerbitan Corruption Policy, the Company disseminated the Code
Kode Etik yang memuat ketentuan mengenai Anti of Conduct containing provisions on Anti-Corruption
Korupsi dan Whistleblower telah disosialisasikan and Whistleblowing through an email blast starting
melalui email blast sejak tanggal 15 Desember December 15, 2022. Subsequently, the Whistleblowing
2022. Selanjutnya, kebijakan Whistleblower kembali Policy was re-disseminated by the Internal Audit Division
disosialisasikan oleh divisi Internal Audit pada tanggal on April 18, 2024. The Internal Audit Division also
18 April 2024. Divisi Internal Audit juga memberikan conducted dissemination sessions on internal control,
sosialisasi mengenai pengendalian internal, anti fraud, anti-fraud, and anti-corruption for all employees on
dan anti korupsi kepada seluruh karyawan Perseroan October 7, 2024. Entering 2025, the Company aligned
pada 7 Oktober 2024. Memasuki tahun 2025, Perseroan the implementation of its Anti-Fraud Strategy with the
menyesuaikan penerapan strategi Anti Fraud sesuai provisions of POJK No. 12 of 2024, as stipulated in the
dengan ketentuan POJK Nomor 12 Tahun 2024 yang Anti-Fraud Strategy Guidelines dated April 25, 2025.
telah ditetapkan pada Pedoman Strategi Anti Fraud The policy is accessible through the Human Resource
tanggal 25 April 2025. Kebijakan tersebut tersedia Information System (HRIS) as well as the Company’s
dalam Human Resource Information System (HRIS) website at www.trimegah.com, allowing employees to
serta website Perseroan www.trimegah.com yang access it at any time. In addition, in 2025, the Company
dapat diakses oleh karyawan setiap saat. Selain itu, conducted an APU-PPT & KYC workshop attended by
pada tahun 2025, Perseroan juga menyelenggarakan 19 participants. This initiative reflects the Company’s
workshop APU-PPT & KYC yang diikuti oleh 19 peserta. commitment to upholding integrity, transparency, and
Upaya ini mencerminkan komitmen Perseroan accountability across all operational lines.
dalam menegakkan integritas, transparansi, serta
akuntabilitas di seluruh lini operasional.
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Sistem Pelaporan Pelanggaran Whistleblowing System
Perseroan menyadari pentingnya penerapan sistem The Company recognizes the importance of
pengendalian internal yang efektif dalam mencegah implementing an effective internal control system to
praktik yang bertentangan dengan prinsip tata kelola prevent practices that are contrary to the principles of
perusahaan yang baik dan berpotensi merugikan GCG and that may potentially harm the Company. To
Perseroan. Untuk menjaga integritas serta memperkuat uphold integrity and strengthen the trust of shareholders
kepercayaan pemegang saham dan pemangku and stakeholders, the Company has implemented a
kepentingan, Perseroan telah mengimplementasikan Whistleblowing System (WBS) procedure as an official
prosedur Whistleblowing System (WBS) sebagai channel for employees to report any violations or
saluran resmi bagi karyawan untuk melaporkan setiap alleged violations of policies, procedures, the Code of
pelanggaran atau dugaan pelanggaran terhadap Conduct, and the Company’s values.
kebijakan, prosedur, Kode Etik, maupun nilai-nilai
perusahaan.
Perseroan mendorong seluruh pihak, baik internal The Company encourages all parties, both internal
maupun eksternal, untuk melaporkan segala bentuk and external, to report any form of violation, abuse of
pelanggaran, penyalahgunaan wewenang, atau perilaku authority, or misconduct that is improper, unlawful, or
yang menyimpang, ilegal, maupun tidak etis oleh unethical committed by the Company’s employees.
karyawan Perseroan. Dalam hal ditemukan indikasi In the event such indications are identified, any
tersebut, setiap orang yang mengetahuinya diwajibkan individual who becomes aware of them is required
untuk segera menyampaikannya melalui prosedur to promptly report the matter through the WBS
WBS yang telah ditetapkan Perseroan. Pelaporan procedure established by the Company. Reports must
dilakukan dengan itikad baik dan berlandaskan prinsip- be submitted in good faith and handled based on
263
prinsip penanganan yang transparan, adil, serta dapat transparent, fair, and reliable principles, namely:
dipercaya, yaitu:
1. Objektivitas: penanganan berdasarkan fakta/bukti 1. Objectivity: handling based on valid facts and
yang valid. evidence.
2. Relevansi: data yang disampaikan sesuai dengan 2. Relevance: information submitted must be aligned
tugas dan tanggung jawab. with duties and responsibilities.
3. Koordinasi: meliputi kerja sama dengan divisi dan/ 3. Coordination: involving cooperation with relevant
atau unit bisnis terkait. divisions and/or business units.
4. Efektivitas dan efisiensi: penanganan dilakukan 4. Effectiveness and efficiency: handling conducted
secara tepat dan hemat tenaga, waktu, dan biaya. appropriately and in an efficient manner in terms of
time, effort, and cost.
5. Akuntabilitas: penanganan dan tindak lanjutnya 5. Accountability: handling and follow-up actions
dapat dipertanggungjawabkan. must be accountable.
6. Transparansi: penanganan dilakukan berdasarkan 6. Transparency: handling conducted based on clear
mekanisme dan prosedur yang jelas dan terbuka. and transparent mechanisms and procedures.
7. Asas praduga tak bersalah. 7. Presumption of innocence.
8. Perlindungan terhadap saksi dan pelapor. 8. Protection of witnesses and whistleblowers.
Melalui penerapan WBS yang konsisten dan Through the consistent implementation of the WBS
berlandaskan pada prinsip-prinsip tersebut, Perseroan based on these principles, the Company ensures that
memastikan bahwa setiap pelanggaran atau any violations or irregularities can be properly identified,
penyimpangan dapat teridentifikasi, ditindaklanjuti addressed appropriately, and prevented from recurring,
secara tepat, dan dicegah agar tidak terulang, sekaligus while further strengthening integrity, accountability,
memperkuat integritas, akuntabilitas, dan kepercayaan and the trust of all stakeholders.
seluruh pemangku kepentingan.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Kebijakan Pelaporan Pelanggaran dan Anti Korupsi
Whistleblowing and Anti-Corruption Policy
Mekanisme Penyampaian Laporan Pelanggaran Mechanism for Submitting Violation Reports
Perseroan telah mengembangkan mekanisme The Company has established a reporting mechanism
pelaporan melalui WBS yang memungkinkan karyawan through the Whistleblowing System (WBS) that
maupun pemangku kepentingan untuk menyampaikan enables employees and stakeholders to submit reports
dugaan pelanggaran. Setiap laporan ditindaklanjuti of alleged violations. Each report is followed up in a
secara profesional, transparan, dan akuntabel sesuai professional, transparent, and accountable manner in
prosedur yang telah ditetapkan. accordance with the established procedures.
Pelaporan dapat dilakukan melalui berbagai saluran Reports may be submitted through various channels
yang disediakan Perseroan, dan setiap laporan provided by the Company, and each report will undergo
akan melalui tahapan penelaahan, klarifikasi, serta stages of review, clarification, and further investigation
investigasi lebih lanjut sesuai ketentuan yang berlaku. in accordance with the prevailing provisions. The
Pihak pelapor diharapkan dapat menjelaskan secara reporting party is expected to clearly describe the
jelas “siapa”, “apa”, “di mana”, “kapan”, “mengapa”, “who”, “what”, “where”, “when”, “why”, and “how”
dan “bagaimana” terjadinya dugaan pelanggaran, of the alleged violation, and to attach preliminary
serta melampirkan bukti awal berupa data, dokumen, evidence in the form of relevant data, documents,
gambar, atau rekaman yang relevan. photographs, or recordings.
Dengan mekanisme ini, Perseroan memastikan bahwa Through this mechanism, the Company ensures that
setiap dugaan pelanggaran dapat ditangani secara every alleged violation can be handled effectively
efektif dan tepat waktu, sekaligus memperkuat budaya and in a timely manner, while strengthening a
integritas, akuntabilitas, dan kepercayaan seluruh culture of integrity, accountability, and trust among
pemangku kepentingan. Secara ringkas, mekanisme all stakeholders. In summary, the mechanism for
264
penyampaian dan penanganan pelaporan melalui WBS submission and handling of reports through the
Perseroan adalah sebagai berikut: Company’s WBS is as follows:
1. Pelaporan atas dugaan pelanggaran ditujukan 1. Reports of alleged violations shall be addressed
kepada Divisi Internal Audit melalui email: to the Internal Audit Division via email at:
internal.audit@trimegah.com. Khusus untuk internal.audit@trimegah.com. Specifically for
dugaan penipuan terhadap nasabah (fraud), alleged fraud against customers, employees who
karyawan yang mengetahui indikasi hal semacam become aware of such indications may directly
ini dapat langsung menghubungi petugas atau contact Internal Audit officers or officials.
pejabat Internal Audit.
2. Hasil pemeriksaan dari pelaporan harus disampaikan 2. The results of the examination of reports must be
kepada Direksi, agar Perseroan dapat menghasilkan submitted to the Board of Directors, enabling the
keputusan atas hasil pemeriksaan secara tepat, Company to render decisions on the findings in an
bijaksana, dan objektif. appropriate, prudent, and objective manner.
3. Karyawan yang bertindak sebagai whistleblower 3. Employees acting as whistleblowers understand
memahami dan menyetujui bahwa Perseroan tidak and agree that the Company may not be able
mungkin sepenuhnya mengevaluasi pengaduan to fully evaluate complaints that are general in
yang bersifat umum dan/atau pelaporan nature and/or reports of violations that are not
pelanggaran yang tidak komprehensif. comprehensive.
Komitmen Perlindungan Bagi Pelapor (Whistleblower) Commitment to Whistleblower Protection
Perseroan menegaskan komitmennya untuk melindungi The Company affirms its commitment to protecting
setiap pelapor (whistleblower) sebagaimana diatur every reporting party (whistleblower) as stipulated in
dalam kebijakan WBS. Setiap laporan yang disampaikan the Whistleblowing System (WBS) policy. Any report
dengan itikad baik dan bertujuan untuk kepentingan submitted in good faith and in the interest of the
perusahaan dijamin mendapat perlindungan, termasuk Company is guaranteed protection, including protection
dari sanksi pemutusan hubungan kerja atau pemecatan from termination of employment or dismissal (in
(sesuai Peraturan Perusahaan), serta tindakan balasan accordance with the Company Regulations), as well as
yang merugikan pelapor maupun keluarganya. from any form of retaliation that may be detrimental to
the whistleblower or their family.
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05 CORPORATE GOVERNANCE
Kebijakan Pelaporan Pelanggaran dan Anti Korupsi
Whistleblowing and Anti-Corruption Policy
Perlindungan ini juga berlaku meskipun laporan terbukti Such protection remains applicable even if the report
keliru, selama niat pelapor murni untuk kepentingan is subsequently proven to be unfounded, provided that
perusahaan. Sebaliknya, Perseroan berhak mengambil it was made with genuine intent for the benefit of the
tindakan tegas terhadap pihak yang menyalahgunakan Company. Conversely, the Company reserves the right
kebijakan WBS atau menyampaikan laporan dengan to take firm action against any party that misuses the
niat buruk. WBS policy or submits a report in bad faith.
Tata Cara Penanganan Pengaduan Complaint Handling Procedures
Untuk memastikan setiap pengaduan ditangani To ensure that every complaint is handled effectively
secara efektif dan sesuai prinsip tata kelola yang baik, and in accordance with GCG principles, the Company
Perseroan telah menerapkan tata cara penanganan has implemented systematic and transparent
pengaduan yang sistematis dan transparan sesuai complaint-handling procedures in line with prevailing
kebijakan yang berlaku. Prosedur ini dirancang untuk policies. These procedures are designed to ensure that
menjamin bahwa setiap laporan diterima, ditelaah, dan each report is properly received, reviewed, and followed
ditindaklanjuti secara tepat, transparan, dan akuntabel, up in a timely, transparent, and accountable manner,
sekaligus melindungi hak pelapor dan memperkuat while safeguarding the rights of the reporting party
budaya integritas di seluruh Perseroan. and strengthening a culture of integrity throughout the
Company.
Berikut adalah mekanisme penanganan setiap laporan The following mechanism applies to the handling
pengaduan yang diterima melalui WBS Perseroan: of each complaint received through the Company’s
Whistleblowing System (WBS):
1. Internal Audit menerima laporan Whistleblowing 1. Internal Audit receiving Whistleblowing reports via
265
melalui email. email.
2. Mencari fakta dan data yang relevan sehubungan 2. Gathering relevant facts and data in relation to the
dengan pelaporan yang disampaikan oleh report submitted by the whistleblower.
whistleblower.
3. Membuat laporan investigasi yang mengacu pada 3. Preparing an investigation report in accordance
Prinsip Penanganan Pelaporan. with the Reporting Handling Principles.
4. Melakukan penilaian terhadap tingkat risiko atas 4. Assessing the level of risk arising from the
tindakan yang dilakukan terlapor untuk dianalisis actions of the reported party, followed by the
dan dibuatkan rencana mitigasinya agar tidak formulation of a mitigation plan to prevent
terulang di kemudian hari. similar incidents from recurring in the future.
Pihak Pengelola Aduan Complaint Management Party
Divisi Audit Internal ditunjuk sebagai unit kerja The Internal Audit Division is designated as an
independen yang mengelola seluruh proses pelaporan independent work unit responsible for managing
melalui WBS Perseroan. Divisi ini bertanggung jawab the entire reporting process through the Company’s
menerima laporan, melakukan investigasi menyeluruh, WBS. The division is responsible for receiving reports,
dan menyusun rekomendasi objektif kepada Direksi conducting comprehensive investigations, and
terkait laporan pengaduan yang diterima. preparing objective recommendations to the Board of
Directors regarding the complaints received.
Hasil Penanganan Pengaduan Melalui WBS Tahun Results of Complaint Handling Through the WBS in
2025 2025
Pada tahun 2025, Perseroan tidak menerima laporan In 2025, the Company did not receive any complaint
pengaduan melalui WBS. reports through the WBS.
2025 Annual Report
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05 TATA KELOLA PERUSAHAAN
Laporan Tahunan 2025
Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka
Implementation of the Guidelines for Corporate Governance of a Public Company
Sebagai perusahaan publik, Perseroan terus menerapkan As a public company, the Company continuously
prinsip-prinsip tata kelola sesuai dengan POJK No. 21/ implements GCG principles in accordance with POJK
POJK.04/2015 tentang Penerapan Pedoman Tata Kelola No. 21/POJK.04/2015 concerning the Implementation
Perseroan Terbuka dan SEOJK No. 32/SEOJK.04/2015 of the Guidelines for Good Corporate Governance of
tentang Pedoman Tata Kelola Perseroan Terbuka. Public Companies and SEOJK No. 32/SEOJK.04/2015
Sepanjang tahun 2025, Perseroan telah melakukan concerning the Guidelines for Good Corporate
penilaian menyeluruh terhadap penerapan 5 aspek, Governance of Public Companies. Throughout 2025,
8 prinsip, dan 25 rekomendasi tata kelola perusahaan the Company conducted a comprehensive assessment
yang baik sebagaimana diatur dalam regulasi tersebut. of the implementation of 5 aspects, 8 principles, and
25 good corporate governance recommendations as
stipulated in these regulations.
Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
Prinsip 1: Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS)
Principle 1: Increasing the Value of Convening the General Meeting of Shareholders (GMS)
1. Perseroan memiliki cara Perseroan telah menerapkan mekanisme pemungutan suara (voting) yang
atau prosedur teknis terstruktur bagi pemegang saham, baik yang hadir secara fisik maupun melalui
266 pengumpulan suara
(voting) baik secara
media elektronik. Ketentuan tersebut tercantum dalam Tata Tertib RUPS yang
dibacakan pada saat rapat serta dipublikasikan di situs web Perseroan dan
terbuka maupun tertutup aplikasi eASY.KSEI sejak tanggal Pemanggilan RUPS.
yang mengedepankan
independensi, dan Dalam pelaksanaannya, pemungutan suara secara fisik dilakukan dengan
kepentingan pemegang meminta pemegang saham yang menyatakan tidak setuju atau abstain untuk
saham. mengangkat tangan, sehingga dapat dicatat dan dihitung secara akurat.
Sementara itu, pemungutan suara elektronik difasilitasi melalui aplikasi eASY.
KSEI. Untuk memastikan proses yang objektif dan independen, penghitungan
suara baik fisik maupun elektronik dilakukan oleh Biro Administrasi Efek
sebagai pihak independen dan hasil akhirnya diverifikasi oleh Notaris.
The Company has a voting The Company has implemented a structured voting mechanism for
system or procedure, shareholders, whether physically present or via electronic. This procedure is
either open or secret, that set out in the GMS Rules of Procedure, read during the meeting, and published
prioritizes independence on the Company’s Website and the eASY.KSEI application since the date of the
and shareholder interests. GMS convocation.
In practice, physical voting is conducted by asking shareholders who disagree
or abstain to raise their hands, allowing accurate recording and counting.
Electronic voting is facilitated through the eASY.KSEI application. To ensure an
objective and independent process, vote counting both physical and electronic
is conducted by the Securities Administration Bureau as an independent party,
with final results verified by a Notary.
2. Seluruh anggota Direksi Seluruh anggota Direksi dan Dewan Komisaris hadir dalam RUPS Tahunan
dan anggota Dewan tanggal 26 Juni 2025 secara fisik yang bertempat di Ruang Serbaguna, Gedung
Komisaris Perseroan hadir Artha Graha, Jakarta. Info lebih lanjut tersedia pada Sub-bab Rapat Umum
dalam RUPS Tahunan. Pemegang Saham - Bab Tata Kelola Perusahaan pada Laporan Tahunan ini.
All members of the Board All members of the Board of Directors and Board of Commissioners attended
of Directors and Board the Annual GMS on June 26, 2025, physically held at the Multipurpose Room,
of Commissioners of the Artha Graha Building, Jakarta. Further information is available in the General
Company attend the Meeting of Shareholders section – Corporate Governance chapter of this
Annual General Meeting of Annual Report.
Shareholders (GMS).
PT Trimegah Sekuritas Indonesia Tbk
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05 CORPORATE GOVERNANCE
Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka
Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka
Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
3. Ringkasan risalah RUPS Ringkasan Risalah RUPS dalam Bahasa Indonesia dan Bahasa Inggris
tersedia dalam Situs Web dapat diakses melalui situs web Perseroan pada laman Investor Relations
Perseroan paling sedikit – RUPS (https://www.trimegah.com/id/site/investor-relation/rups), yang
selama 1 tahun. menyediakan informasi RUPS hingga 5 tahun terakhir. Selain itu, Ringkasan
Risalah RUPS juga dipublikasikan melalui situs web PT Bursa Efek Indonesia
(BEI) dengan melakukan pencarian menggunakan kode saham “TRIM”.
The summary of GMS The summary of GMS minutes in both Indonesian and English can be accessed
minutes is available on the on the Company’s Website at the Investor Relations – GMS page (https://www.
Company’s Website for at trimegah.com/id/site/investor-relation/rups), which provides information for
least 1 year. the past 5 years. In addition, the GMS minutes summary is also published on
the Indonesia Stock Exchange (IDX) website and can be found using the stock
code “TRIM.”
Prinsip 2: Meningkatkan Kualitas Komunikasi Perseroan dengan Pemegang Saham atau Investor
Principle 2: Improving the Quality of the Company’s Communication with Shareholders or Investors
1. Perseroan memiliki suatu Perseroan menerapkan kebijakan komunikasi yang terbuka terhadap pemegang
kebijakan komunikasi saham maupun investor. Fungsi sebagai Investor Relations tersebut dijalankan
dengan pemegang saham oleh Sekretaris Perusahaan. Di Perseroan, Sekretaris Perusahaan bertanggung
atau investor. jawab membangun dan menjaga hubungan yang konstruktif dengan para
pemangku kepentingan, serta memastikan informasi tersampaikan kepada
publik. Komunikasi tersebut dilakukan melalui berbagai saluran, termasuk
penyelenggaraan RUPS, paparan publik, publikasi pada situs web Perseroan,
siaran pers, laporan tahunan, dan korespondensi melalui e-mail. 267
The Company has a policy The Company implements an open communication policy with shareholders
on communication with and investors. The Investor Relations function is carried out by the Corporate
shareholders or investors. Secretary. At the Company, the Corporate Secretary is responsible for building
and maintaining constructive relationships with stakeholders, as well as
ensuring that information is effectively disclosed to the public. Communication
is conducted through various channels, including the General Meeting of
Shareholders (GMS), public presentations, publications on the Company’s
website, press releases, annual reports, and correspondence via e-mail.
2. Perseroan mengungkapkan Kebijakan komunikasi dengan Pemegang Saham dan investor dipublikasikan
kebijakan komunikasi pada situs web Perseroan dan dapat diakses melalui situs resmi Perseroan:
Perseroan dengan https://www.trimegah.com/id/site/corporate-governance/kebijakan-kebijakan
pemegang saham atau
investor dalam Situs Web.
The Company discloses its The communication policy with shareholders and investors is published on
communication policy with the Company’s Website and can be accessed via the official link: https://www.
shareholders or investors trimegah.com/id/site/corporate-governance/kebijakan-kebijakan
on the Website.
2025 Annual Report
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Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka
Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
Prinsip 3: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
Principle 3: Strengthening the Membership and Composition of the Board of Commissioners
1. Penentuan jumlah Penetapan jumlah anggota Dewan Komisaris dilakukan dengan mengacu
anggota Dewan Komisaris pada kondisi dan kebutuhan organisasi Perseroan, serta mengikuti ketentuan
mempertimbangkan peraturan yang berlaku, termasuk POJK No. 33/POJK.04/2014 tentang Direksi
kondisi Perseroan. dan Dewan Komisaris Emiten atau Perusahaan Publik dan POJK No. 20/
POJK.04/2016 tentang Perizinan Perusahaan Efek Yang Melakukan Kegiatan
Usaha Sebagai Penjamin Emisi Efek dan Perantara Pedagang Efek.
Per 31 Desember 2025, Dewan Komisaris Perseroan berjumlah 2 orang.
Komposisi tersebut telah disesuaikan dengan kebutuhan organisasi Perseroan
serta ditetapkan dengan mengacu pada ketentuan Anggaran Dasar dan
Pedoman dan Tata Tertib Kerja Dewan Komisaris.
The determination of The number of Board of Commissioners’ members is determined by referring
the size of the Board of to the Company’s organizational needs and condition, in accordance with the
Commissioners’ members prevailing regulations, including POJK No. 33/POJK.04/2014 regarding the
considers the Company’s Board of Directors and Board of Commissioners of Issuers or Public Companies
current condition. and POJK No. 20/POJK.04/2016 regarding Licensing for Securities Companies
Conducting Business as Underwriters and Securities Brokers.
As of December 31, 2025, the Company’s Board of Commissioners consists of 2
members. The composition has been adjusted to the Company’s organizational
268 needs and determined in accordance with the Articles of Association and the
Board of Commissioners’ Guidelines and Rules of Work.
2. Penentuan komposisi Perseroan memiliki jajaran Komisaris dengan latar belakang pengalaman
anggota Dewan Komisaris dan keahlian yang beragam, sebagaimana telah diuraikan pada Bab Profil
memperhatikan Perusahaan di dalam Laporan Tahunan ini.
keberagaman keahlian,
pengetahuan, dan
pengalaman yang
dibutuhkan.
The composition of the The Company has a Board of Commissioners with diverse backgrounds in
Board of Commissioners terms of experience and expertise, as described in the Company Profile chapter
takes into account the of this Annual Report.
diversity of expertise,
knowledge, and experience
required.
Prinsip 4: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
Principle 4: Improving the Quality of Implementation of the Board of Commissioners’ Duties and Responsibilities
1. Dewan Komisaris Dewan Komisaris melaksanakan penilaian sendiri (self-assessment) satu kali
mempunyai kebijakan dalam setahun. Penilaian kinerja tersebut dilakukan berdasarkan tolak ukur
penilaian sendiri (self- yang telah disepakati bersama, dan hasilnya kemudian dievaluasi oleh Dewan
assessment) untuk menilai Komisaris dalam rapat dengan mempertimbangkan rekomendasi dari Komite
kinerja Dewan Komisaris. Nominasi dan Remunerasi.
The Board of The Board of Commissioners conducts a self-assessment once a year. The
Commissioners has a performance evaluation is carried out based on mutually agreed benchmarks,
self-assessment policy for and the results are subsequently reviewed by the Board of Commissioners in
evaluating its performance a meeting, taking into account recommendations from the Nomination and
Remuneration Committee.
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Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
2. Kebijakan penilaian sendiri Perseroan telah mengungkapkan kebijakan penilaian sendiri (self-assessment)
(self-assessment) untuk atas kinerja Dewan Komisaris dalam Laporan Tahunan Perseroan. Informasi
menilai kinerja Dewan lebih lanjut mengenai kebijakan tersebut dapat dilihat pada Sub-bab Dewan
Komisaris, diungkapkan Komisaris dalam Bab Tata Kelola Perusahaan pada Laporan Tahunan ini.
melalui Laporan Tahunan
Perseroan.
The self-assessment The Company has disclosed its self-assessment policy for evaluating the Board
policy to evaluate the of Commissioners’ performance in the Annual Report. Further details regarding
Board of Commissioners’ this policy can be found in the Board of Commissioners section within the
performance is disclosed Corporate Governance chapter of this Annual Report.
in the Company’s Annual
Report.
3. Dewan Komisaris Anggaran Dasar Perseroan mengatur hal-hal terkait prosedur pengunduran diri
mempunyai kebijakan dan/atau pemberhentian anggota Dewan Komisaris apabila yang bersangkutan
terkait pengunduran diri tidak lagi memenuhi persyaratan sebagaimana diatur dalam Pasal 19 ayat 3,
anggota Dewan Komisaris termasuk jika terbukti terlibat dalam tindak kejahatan keuangan.
apabila terlibat dalam
kejahatan keuangan.
The Board of The Company’s Articles of Association regulate procedures for the resignation
Commissioners has a policy and/or dismissal of Board of Commissioners’ members if they no longer meet
on the resignation of the the requirements as stipulated in Article 19, paragraph 3, including cases where
Board of Commissioners’ they are proven to be involved in financial crimes. 269
members if involved in
financial crimes.
4. Dewan Komisaris atau Komite Nominasi dan Remunerasi Perseroan telah menjalankan fungsi
Komite yang menjalankan nominasi dalam proses suksesi anggota Direksi. Setiap usulan calon anggota
fungsi Nominasi dan Direksi yang disampaikan oleh pemegang saham dianalisis oleh Komite dengan
Remunerasi menyusun mempertimbangkan kesesuaian terhadap kriteria yang ditetapkan serta
kebijakan suksesi dalam kebutuhan organisasi Perseroan.
proses Nominasi anggota
Direksi.
The Board of The Company’s Nomination and Remuneration Committee has carried out
Commissioners or the the nomination function in the succession process of Board of Directors’
Committee responsible members. Each proposed candidate submitted by shareholders is analyzed by
for Nomination and the Committee, considering compliance with the established criteria and the
Remuneration functions Company’s organizational needs.
prepares a succession
policy for the nomination
process of Board of
Directors’ members.
2025 Annual Report
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Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka
Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
Prinsip 5: Memperkuat Keanggotaan dan Komposisi Direksi
Principle 5: Strengthening the Membership and Composition of the Board of Directors
1. Penentuan jumlah anggota Penetapan jumlah anggota Direksi dilakukan dengan mengacu pada kondisi
Direksi mempertimbangkan dan kebutuhan organisasi Perseroan, serta mengikuti ketentuan peraturan yang
kondisi Perseroan berlaku, termasuk POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan
serta efektivitas dalam Komisaris Emiten atau Perusahaan Publik dan POJK No. 20/POJK.04/2016
pengambilan keputusan. tentang Perizinan Perusahaan Efek Yang Melakukan Kegiatan Usaha Sebagai
Penjamin Emisi Efek dan Perantara Pedagang Efek.
Per 31 Desember 2025, Direksi Perseroan berjumlah 3 orang. Komposisi
tersebut telah disesuaikan dengan kebutuhan organisasi Perseroan serta
ditetapkan dengan mengacu pada ketentuan Anggaran Dasar dan Pedoman
dan Tata Tertib Kerja Direksi.
The determination of the The number of Board of Directors’ members is determined by referring to
Board of Directors’ size the Company’s organizational needs and condition, in accordance with the
considers the Company’s prevailing regulations, including POJK No. 33/POJK.04/2014 regarding the
condition and effectiveness Board of Directors and Board of Commissioners of Issuers or Public Companies
in decision-making. and POJK No. 20/POJK.04/2016 regarding Licensing for Securities Companies
Conducting Business as Underwriters and Securities Brokers.
As of December 31, 2025, the Company’s Board of Directors consists of 3
members. The composition has been adjusted to the Company’s organizational
270 needs and determined in accordance with the Articles of Association and the
Board of Directors’ Charter.
2. Penentuan komposisi Perseroan memiliki anggota Direksi dengan latar belakang pengalaman dan
anggota Direksi keahlian yang beragam, sebagaimana dijelaskan dalam Profil Direksi serta
memperhatikan Tabel Keberagaman Komposisi Direksi pada Laporan Tahunan ini. Pedoman dan
keberagaman, keahlian, Tata Tertib Kerja Direksi juga menetapkan bahwa setiap individu yang diangkat
pengetahuan, dan sebagai anggota Direksi harus memenuhi persyaratan pada saat pengangkatan,
pengalaman yang serta wajib mempertahankan pengetahuan dan/atau keahlian yang relevan
dibutuhkan. dengan kebutuhan Perseroan selama menjalankan masa jabatannya.
Determination of the Board The Company’s Board of Directors comprises members with diverse
of Directors’ composition backgrounds and expertise, as detailed in the Board of Directors’ Profile and
considers the diversity of the Board Diversity Table in this Annual Report. The Board of Directors’ Charter
expertise, knowledge, and also stipulate that each appointed member must meet the requirements at
experience required. the time of appointment and maintain relevant knowledge and/or expertise
aligned with the Company’s needs throughout their tenure.
3. Anggota Direksi yang Perseroan memiliki anggota Direksi yang membawahi bidang akuntansi dan
membawahi bidang keuangan serta memiliki keahlian dan pengetahuan di bidang Akuntansi. Profil
akuntansi atau keuangan Direktur yang membawahi bidang akuntansi atau keuangan sudah diungkapkan
memiliki keahlian dan/atau pada Bab Profil Perusahaan di dalam Laporan Tahunan ini.
pengetahuan di bidang
akuntansi.
Board of Directors’ The Company has Board members overseeing accounting and finance who
members responsible for possess relevant expertise and knowledge in accounting. The profiles of these
accounting or finance Directors are disclosed in the Chapter Company Profile of this Annual Report.
possess expertise and/or
knowledge in accounting.
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Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
Prinsip 6: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
Principle 6: Improving the Quality of Implementation of the Board of Directors’ Duties and Responsibilities
1. Direksi mempunyai Perseroan melakukan penilaian kinerja Direksi baik secara kolegial maupun
kebijakan penilaian sendiri individual secara self-assessment dengan mengacu pada tingkat pencapaian
(self-assessment) untuk terhadap target kinerja yang ditetapkan serta pelaksanaan tugas dan tanggung
menilai kinerja Direksi. jawab masing-masing anggota Direksi.
The Board of Directors has The Company conducts performance evaluations of the Board of Directors
a self-assessment policy for both collectively and individually through self-assessment, based on the
evaluating its performance. achievement of established performance targets and the fulfillment of each
Director’s duties and responsibilities.
2. Kebijakan penilaian sendiri Perseroan telah mengungkapkan kebijakan penilaian kinerja Direksi melalui
(self-assessment) untuk mekanisme self-assessment yang menjadi dasar evaluasi kinerja dan disajikan
menilai kinerja Direksi dalam Laporan Tahunan.
diungkapkan melalui
laporan tahunan Perseroan.
The self-assessment policy The Company has disclosed its Board of Directors’ performance evaluation
to evaluate the Board of policy through a self-assessment mechanism, which serves as the basis for
Directors’ performance is performance evaluation and is presented in the Annual Report.
disclosed in the Company’s
Annual Report.
3. Direksi mempunyai Perseroan telah menetapkan kebijakan mengenai pengunduran diri maupun 271
kebijakan terkait pemberhentian anggota Direksi apabila tidak lagi memenuhi persyaratan
pengunduran diri anggota sebagaimana diatur dalam Pasal 16 ayat 3 Anggaran Dasar, termasuk dalam
Direksi apabila terlibat hal adanya keterlibatan pada kejahatan keuangan.
dalam kejahatan keuangan.
The Board of Directors has The Company has established a policy regarding the resignation or dismissal
a policy on the resignation of Board of Directors’ members who no longer meet the requirements as
of its members in the event stipulated in Article 16 paragraph 3 of the Articles of Association, including
of involvement in financial cases involving involvement in financial crimes.
crimes.
Prinsip 7: Meningkatkan Aspek Tata Kelola Perseroan melalui Partisipasi Pemangku Kepentingan
Principle 7: Improving Corporate Governance Aspects through Stakeholders Participation
1. Perseroan memiliki Perseroan memiliki Kebijakan Insider Trading yang disahkan melalui SK
kebijakan untuk mencegah Dewan Komisaris dan Direksi No. 118/Corsec/ST/VIII.2018.TRIM tanggal 27
terjadinya insider trading. Agustus 2018. Sebelumnya, ketentuan mengenai larangan insider trading
juga telah diatur dalam SK Direksi No. Kep:12/LGL/SKD/I//2014.TRIM tentang
Pembukaan Rekening Pribadi. Kebijakan tersebut telah dipublikasikan pada
situs web Perseroan dan dapat diakses melalui laman: https://www.trimegah.
com/id/site/corporate-governance/kebijakan-kebijakan.
The Company has a policy The Company has an Insider Trading Policy ratified by the Board of
to prevent insider trading. Commissioners and Directors through Decree No. 118/Corsec/ST/VIII.2018.
TRIM dated August 27, 2018. Previously, provisions prohibiting insider trading
were also stipulated in the Directors’ Decree No. Kep:12/LGL/SKD/I/2014.TRIM
regarding the Opening of Personal Accounts. This policy has been published on
the Company’s Website and can be accessed at: https://www.trimegah.com/
id/site/corporate-governance/kebijakan-kebijakan.
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Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka
Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
2. Perseroan memiliki Perseroan memiliki Kebijakan Anti Korupsi yang ditetapkan melalui Surat Edaran
kebijakan anti korupsi dan Direksi PT Trimegah Sekuritas Indonesia Tbk No. 001/DIR-SE/IA/VIII/2016.
anti-fraud. TRIM, yang kemudian diperbarui dan diselaraskan dengan Prosedur Pengaduan
Pelanggaran terhadap Penerapan Kode Etik dan Pedoman Tingkah Laku No.
KEP:099/CorSec/BoC-BoD/XII/2022.TRIM. Selanjutnya, sehubungan dengan
diberlakukannya POJK Nomor 12 Tahun 2024 tentang Penerapan Strategi Anti
Fraud bagi Lembaga Jasa Keuangan, Perseroan telah menyesuaikan penerapan
strategi Anti Fraud agar selaras dengan ketentuan terbaru tersebut.
The Company has an anti- The Company has an Anti-Corruption Policy established through the Circular
corruption and anti-fraud Letter of the Board of Directors of PT Trimegah Sekuritas Indonesia Tbk No.
policy. 001/DIR-SE/IA/VIII/2016.TRIM, which was later updated and aligned with
the Whistleblowing Procedure regarding the Implementation of the Code of
Ethics and Code of Conduct No. KEP:099/CorSec/BoC-BoD/XII/2022.TRIM.
Furthermore, in line with the enactment of POJK No. 12 of 2024 concerning
the Implementation of Anti-Fraud Strategies for Financial Services Institutions,
the Company has adjusted the application of its Anti-Fraud strategy to comply
with the latest regulations.
3. Perseroan memiliki Kebijakan pengadaan barang dan/atau jasa yang dibutuhkan Perseroan telah
kebijakan tentang dituangkan dalam Standard Operating Procedure pada unit kerja terkait.
seleksi dan peningkatan Kebijakan tersebut juga telah dipublikasikan di situs web Perseroan dan
kemampuan pemasok atau dapat diakses melalui tautan https://www.trimegah.com/upload/2019/02/
vendor. Kebijakan_Kreditur_dan_Kebijakan_Seleksi_Pemasok_atau_Vendor.pdf.
272
The Company has a policy The Company’s policy on the procurement of goods and/or services is set out
on the selection and in the Standard Operating Procedure of the relevant work units. This policy has
capability development of also been published on the Company’s Website and can be accessed via the
suppliers or vendors. link: https://www.trimegah.com/upload/2019/02/Kebijakan_Kreditur_dan_
Kebijakan_Seleksi_Pemasok_atau_Vendor.pdf.
4. Perseroan memiliki Perseroan memastikan pemenuhan hak-hak kreditur sesuai dengan ketentuan
kebijakan tentang dalam Perjanjian Kerja Sama. Informasi mengenai kebijakan tersebut telah
pemenuhan hak-hak diungkapkan pada situs web Perseroan melalui tautan: https://www.trimegah.
kreditur. com/upload/2019/02/Kebijakan_Kreditur_dan_Kebijakan_Seleksi_Pemasok_
atau_Vendor.pdf.
The Company has a policy The Company ensures the fulfillment of creditors’ rights in accordance with
on the fulfillment of the provisions of the Cooperation Agreement. Information on this policy has
creditors’ rights. been disclosed on the Company’s Website via the link: https://www.trimegah.
com/upload/2019/02/Kebijakan_Kreditur_dan_Kebijakan_Seleksi_Pemasok_
atau_Vendor.pdf.
5. Perseroan memiliki Perseroan telah menetapkan kebijakan whistleblowing melalui Surat Edaran
kebijakan Whistleblowing Direksi No. 001/DIR-SE/IA/VIII/2016.TRIM dan memperbaruinya berdasarkan
System. Prosedur Pengaduan Pelanggaran No. KEP:099/CorSec/BoC-BoD/XII/2022.
TRIM. Kebijakan tersebut juga diungkapkan dalam Laporan Tahunan dan
tersedia di situs web Perseroan: https://www.trimegah.com/upload/2025/01/
Kebijakan_Whistleblower_(Ind).pdf.
The Company has a The Company has established a whistleblowing policy through the Directors’
Whistleblowing System Circular No. 001/DIR-SE/IA/VIII/2016.TRIM and updated it based on the
policy. Violation Reporting Procedure No. KEP:099/CorSec/BoC-BoD/XII/2022.
TRIM. This policy is also disclosed in the Annual Report and available on the
Company’s Website: https://www.trimegah.com/upload/2025/01/Kebijakan_
Whistleblower_(Ind).pdf.
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Pemenuhan
Compliance
Rekomendasi Penjelasan
Recommendation Terpenuhi Belum Description
Comply Terpenuhi
Not Comply
6. Perseroan memiliki N/A Tidak relevan, Perseroan saat ini tidak memiliki program pemberian insentif
kebijakan pemberian untuk jangka panjang bagi Direksi dan Karyawan.
insentif jangka panjang
kepada Direksi dan
karyawan.
The Company has a policy Irrelevant, the Company currently does not have a long-term incentive
of providing long-term program for Directors and Employees.
incentives to Board of
Directors and employees.
Prinsip 8: Meningkatkan Pelaksanaan Keterbukaan Informasi
Principle 8: Enhance the Implementation of Information Disclosure
1. Perseroan memanfaatkan Selain melalui situs web, Perseroan juga memanfaatkan teknologi informasi
penggunaan teknologi secara lebih luas dalam penyebaran informasi, termasuk situs web Bursa Efek
informasi secara lebih Indonesia, dan media sosial.
luas selain Situs Web
sebagai media keterbukaan
informasi.
The Company utilizes wider In addition to its official website, the Company also utilizes a broader use of
information technology information technology for the information dissemination, including through
platforms in addition to the IDX website, and social media.
Website as a medium for 273
information disclosure.
2. Laporan Tahunan Perseroan Informasi mengenai pemegang saham dengan kepemilikan 5% atau lebih telah
mengungkapkan pemilik diungkapkan Perseroan dalam Laporan Tahunan serta pada situs web resmi.
manfaat akhir dalam Perseroan juga menyampaikan Laporan Registrasi Pemegang Efek setiap bulan
kepemilikan saham melalui SPE OJK dan IDXnet. Pemegang saham pengendali per 31 Desember
Perseroan paling sedikit 2025 adalah Garibaldi Thohir.
5%, selain pengungkapan
pemilik manfaat akhir
dalam kepemilikan
saham Perseroan melalui
pemegang saham utama
dan pengendali.
The Company’s Annual Information regarding shareholders with 5% or more ownership has been
Report discloses the disclosed in the Annual Report and on the official Company website. The
ultimate beneficial owners Company also submits the Shareholders Registration Report monthly via
holding at least a 5% share OJK’s SPE and IDXnet. The controlling shareholder as of December 31, 2025,
ownership, in addition to is Garibaldi Thohir.
disclosing the ultimate
beneficial owners in the
major and controlling
shareholders’ section.
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Keep Running
Forward!
Tanggung Jawab Sosial dan
Lingkungan Perusahaan
Corporate Social & Environmental Responsibility
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Tanggung Jawab Sosial & Lingkungan Perusahaan
Corporate Social & Environmental Responsibility
Pelaksanaan Corporate Social Responsibility (CSR) The implementation of Corporate Social Responsibility
merupakan bagian dari komitmen Perseroan dalam (CSR) forms an integral part of the Company’s
mendukung pertumbuhan usaha yang berkelanjutan commitment to supporting sustainable business growth
serta menciptakan nilai jangka panjang bagi para and creating long-term value for its stakeholders. In
pemangku kepentingan. Sejalan dengan komitmen line with this commitment, the Company consistently
tersebut, Perseroan secara konsisten mengintegrasikan integrates social and environmental considerations into
aspek sosial dan lingkungan ke dalam strategi bisnis dan its business strategies and operational activities.
operasional Perseroan.
Uraian secara menyeluruh mengenai program, serta A comprehensive description of the Company’s CSR
capaian pelaksanaan CSR Perseroan disampaikan programs, and performance is presented in Trimegah
dalam Laporan Keberlanjutan Trimegah Sekuritas 2025. Sekuritas 2025 Sustainability Report. The Sustainability
Laporan tersebut disusun sebagai bentuk transparansi Report is prepared as a manifestation of the Company’s 277
dan akuntabilitas Perseroan atas dampak sosial dan transparency and accountability in managing the social
lingkungan yang dihasilkan dari kegiatan usaha, serta and environmental impacts arising from its business
menjadi bagian yang tidak terpisahkan dari Laporan activities and constitutes an inseparable part of this
Tahunan ini. Melalui pelaporan keberlanjutan, Perseroan Annual Report. Through sustainability reporting, the
berupaya memastikan bahwa seluruh inisiatif CSR Company seeks to ensure that all CSR initiatives
dilaksanakan secara terstruktur, terukur, dan selaras are implemented in a structured, measurable, and
dengan prinsip tata kelola perusahaan yang baik. responsible manner, in accordance with the principles of
good corporate governance.
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 278
07 LAPORAN
06 KEBERLANJUTAN
KEUANGAN
Laporan Tahunan 2025
278
07Finish Line,
The Winning
Breakthrough
Laporan Keuangan
Financial Statements
PT Trimegah Sekuritas Indonesia Tbk
Page 279
07 FINANCIAL STATEMENTS
279
2025 Annual Report
ON OUR PACE, RUNNING FURTHER
Page 280
07 LAPORAN KEUANGAN
Laporan Tahunan 2025
Laporan Keuangan
Financial Statements
280
PT Trimegah Sekuritas Indonesia Tbk
Page 281
PT Trimegah Sekurit as Indonesia Tbk dan ent it as anaknya/ and it s subsidiaries Laporan keuangan konsolidasian tanggal 31 Desember 2025 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Consolidated financial statements as of December 31, 2025 and for the year then ended with independent auditor’s report
Page 282
Page 283
Page 284
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2025 DAN UNTUK TAHUN AS OF DECEMBER 31, 2025
YANG BERAKHIR PADA TANGGAL TERSEBUT AND FOR THE YEAR THEN ENDED
BESERTA LAPORAN AUDITOR INDEPENDEN WITH INDEPENDENT AUDITOR’S REPORT
Daftar Isi Table of Contents
Halaman/
Page
Laporan Posisi Keuangan Konsolidasian......................... 1-2 ..............Consolidated Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss and
Komprehensif Lain Konsolidasian............................. 3-4 ...............................Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ..................... 5 .............Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian ..................................... 6-7 ....................... Consolidated Statement of Cash Flows
Catatan Atas Laporan Keuangan Konsolidasian ............. 8-170 ......... Notes to the Consolidated Financial Statements
Lampiran (Informasi Keuangan Tambahan Appendices (Supplementary Financial Information
Terhadap Laporan Keuangan Konsolidasian to the Consolidated Financial Statements
Tentang Informasi Keuangan Entitas Induk): Regarding the Financial Information of
the Parent Entity):
Statement of Financial Position of
Laporan Posisi Keuangan Entitas Induk.……………… 171-172 ………………………………....the Parent Entity
Statement of Profit or Loss and
Laporan Laba Rugi dan Penghasilan Other Comprehensive Income of
Komprehensif Lain Entitas Induk…..……………... 173-174 ….………………..…………... the Parent Entity
Statement of Changes in Equity of
Laporan Perubahan Ekuitas Entitas Induk……………. 175 …………………………………the Parent Entity
Statement of Cash Flows of
Laporan Arus Kas Entitas Induk……………………….. 176-177 …………………………………the Parent Entity
Catatan atas Laporan Keuangan Notes to the Financial Statements of
Entitas Induk………………………………………... 178-192 …………………………………the Parent Entity
************************
Page 285
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen Independent Audit or’s Report
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 4/ 1/ III/ 2026
Pemegang Saham, Dewan Komisaris, dan Direksi The Shareholders and t he Boards of
PT Trimegah Sekurit as Indonesia Tbk Commissioners and Direct ors
PT Trimegah Sekurit as Indonesia Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT Trimegah Sekuritas Indonesia financial statements of PT Trimegah Sekuritas
Tbk (“ Perusahaan” ) dan entitas anaknya Indonesia Tbk (the “ Company” ) and its subsidiaries
(secara kolektif disebut sebagai “ Grup” ) terlampir, (collectively referred to as the “ Group” ), which
yang terdiri dari laporan posisi keuangan comprise the consolidated statement of financial
konsolidasian tanggal 31 Desember 2025, serta position as of December 31, 2025, and the
laporan laba rugi dan penghasilan komprehensif consolidated statement of profit or loss and other
lain konsolidasian, lapor an perubahan ekuitas comprehensive income, consolidated statement of
konsolidasian, dan laporan arus kas konsolidasian changes in equity, and consolidated statement of
untuk tahun yang berakhir pada tanggal tersebut, cash flows for the year then ended, and notes to
serta catatan atas laporan keuangan the consolidated financial statements, including
konsolidasian, termasuk informasi kebijakan material accounting policy information.
akuntansi material.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar, financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan respects, the consolidated financial position of
konsolidasian Grup tanggal 31 Desember 2025, the Group as of December 31, 2025, and its
serta kinerja keuangan dan arus kas consolidated financial performance and cash flows
konsolidasiannya untuk tahun yang berakhir pada for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar Indonesian Financial Accounting Standards.
Akuntansi Keuangan di Indonesia.
KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/ MK/ SK/ 2025
i
A member firm of Ernst & Young Global Limited
Page 286
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“ IAPI” ). Tanggung Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan (“ IICPA” ). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan Responsibilit ies for the Audit of the Consolidated
Konsolidasian pada laporan kami. Kami Financial St atements paragraph of our report.
independen terhadap Grup berdasarkan We are independent of the Group in accordance
ketentuan etika yang relevan dalam audit kami with the ethical requirements relevant to our audit
atas laporan keuangan konsolidasian di Indonesia, of the consolidated financial statements in
dan kami telah memenuhi tanggung jawab etika Indonesia, and we have fulfilled our other
lainnya berdasarkan ketentuan tersebut. Kami ethical responsibilities in accordance with such
yakin bahwa bukti audit yang telah kami peroleh requirements. We believe that the audit evidence
adalah cukup dan tepat untuk menyediakan suatu we have obt ained is sufficient and appropriate to
basis bagi opini kami. provide a basis for our opinion.
Hal audit ut ama Key audit mat t ers
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal of t he current period. Such key audit mat t ers were
audit utama tersebut disampaikan dalam konteks addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini and in forming our opinion thereon, and we do not
kami atas laporan keuangan konsolidasian terkait, provide a separate audit opinion on such key audit
dan kami tidak menyatakan suatu opini audit matters. For the key audit matter below, our
terpisah atas hal audit utama tersebut. Untuk hal description of how our audit addressed such key
audit utama di bawah ini, penjelasan kami tentang audit matter is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.
ii
A member firm of Ernst & Young Global Limited
Page 287
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
dijelaskan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk our report, including in relation to the key audit
sehubungan dengan hal audit utama yang matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu, audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas of material misst atement of the accompanying
risiko kesalahan penyajian material dalam laporan consolidated financial statements. The results
keuangan konsolidasian terlampir. Hasil prosedur of our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan performed to address the key audit matter below,
untuk merespons hal audit utama di bawah ini, provide the basis for our opinion on the
memberikan dasar bagi opini audit kami atas accompanying consolidated financial statements.
laporan keuangan konsolidasian terlampir.
Evaluasi penurunan nilai atas piutang nasabah Evaluation of impairment for receivables from
dan piutang transaksi repo customers and receivables from repo transactions
Seperti diuraikan dalam Catatan 7 dan 8 atas As described in Notes 7 and 8 to the consolidated
laporan keuangan konsolidasian terlampir, pada financial statements, as of December 31, 2025,
tanggal 31 Desember 2025, Grup mencatat the Group recognized receivables from brokerage
piutang transaksi perantara pedagang efek, yang activities, which consist of regular receivables and
terdiri dari piutang reguler dan piutang marjin, margin receivables, and receivables from repo
dan piutang transaksi repo sebesar total Rp5.363 transactions totaling Rp5,363 billion (before
miliar (sebelum dikurangi penyisihan kerugian allowance for impairment losses) or around 79%
penurunan nilai) atau sekitar 79% dari total aset from consolidated total assets and classified as
konsolidasian, dan diklasifikasikan sebagai aset financial assets at amortized cost.
keuangan pada biaya perolehan diamortisasi.
iii
A member firm of Ernst & Young Global Limited
Page 288
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Evaluasi penurunan nilai atas piutang nasabah Evaluation of impairment for receivables from
dan piutang transaksi repo (lanjutan) customers and receivables from repo transactions
(continued)
Proses evaluasi penurunan nilai piutang-piutang Evaluation process for impairment of these
tersebut melibatkan pertimbangan dan estimasi receivables required significant judgement and
signifikan dari manajemen dalam menentukan estimation from the management to determine the
model untuk menghit ung penurunan nilai, model to calculate impairment, identify significant
mengidentifikasi penurunan kualitas kredit yang deterioration in credit quality, and determine the
signifikan, menentukan asumsi paling layak most reasonable assumptions in the model,
digunakan dalam model tersebut, termasuk faktor including forward-looking macroeconomic factors.
makroekonomi yang bersifat perkiraan masa The evaluation process for impairment of these
depan (forward-looking). Proses evaluasi receivables is a key audit matter to us because the
penurunan nilai piutang-piutang ini adalah hal carrying amount of these receivables is significant
audit utama bagi kami karena nilai tercatat as described above and such evaluation process for
piutang-piutang ini memiliki saldo yang signifikan impairment of these receivables required
seperti disebutkan di atas serta proses estimasi significant judgment and estimation from the
penurunan nilai piutang-piutang tersebut management.
mensyaratkan pertimbangan dan estimasi
signifikan dari manajemen.
iv
A member firm of Ernst & Young Global Limited
Page 289
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Evaluasi penurunan nilai atas piutang nasabah Evaluation of impairment for receivables from
dan piutang transaksi repo (lanjutan) customers and receivables from repo transactions
(continued)
Respons audit: Audit response:
Kami mengevaluasi dan menguji rancangan dan We evaluated and assessed the design and
efektivitas pengendalian utama atas proses operating effectiveness of key controls over the
evaluasi penurunan nilai piutang-piutang process of impairment assessment of these
tersebut. Kami melakukan pengujian atas receivables. We tested the recording over
pencatatan klasifikasi umur piutang reguler dan classification of aging receivables from regular
rasio nilai piutang terhadap saldo jaminan saham receivables and margin ratio receivables over the
untuk piutang marjin, dan rasio jaminan saham shares collateral from margin receivables, and
terhadap saldo piutang transaksi repo untuk shares collateral ratio over repo transactions from
piutang transaksi repo. Kami melakukan validasi receivable from repo transactions. We validated
atas data dan asumsi utama yang digunakan data and key assumptions used in estimating the
dalam mengestimasi penurunan nilai dari piutang- impairment for these receivables. We tested the
piutang tersebut. Kami menguji asumsi informasi forward-looking macroeconomic information
makroekonomi bersifat perkiraan masa depan assumption used in the calculations, through
(forward-looking) yang digunakan dalam statistical tests and collected corroborating
perhitungan melalui uji statistik dan mendapatkan evidence using publicly available data.
bukti yang menguatkan dengan menggunakan
data yang tersedia bagi publik.
Kami juga melakukan pengujian atas tiga tahapan We also tested the classification into three-stage
kualitas portofolio piutang sesuai dengan kriteria credit quality of receivable portfolios in accordance
tingkatan (staging) yang disusun oleh Grup. Kami with the staging criteria developed by the Group.
memeriksa akurasi matematis perhitungan We tested mathematical accuracy of the
penurunan nilai piutang-piutang tersebut dan calculation of impairment for these receivables and
juga mengevaluasi kecukupan pengungkapan also evaluated sufficiency of the related
terkait pada catatan atas laporan keuangan disclosures made in the not es to the accompanying
konsolidasian terlampir. Kami melibatkan pakar consolidated financial statements. We involved our
auditor kami untuk membantu dalam melakukan auditor’s expert in the performance of the above-
prosedur-prosedur di atas sesuai dengan keahlian mentioned procedures in accordance with their
spesifiknya. specific expertise.
v
A member firm of Ernst & Young Global Limited
Page 290
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Informasi lain Ot her informat ion
Manajemen bertanggung jawab atas informasi Management is responsible for t he ot her
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan Tahun 2025 information included in the Annual Report Year
(“ Laporan Tahunan” ) selain laporan keuangan 2025 (“ The Annual Report” ) other than the
konsolidasian terlampir dan laporan auditor accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan and our independent auditor’s report thereon.
akan tersedia bagi kami setelah tanggal laporan The Annual Report is expect ed t o be made available
auditor independen ini. to us after the date of this independent auditor’s
report.
Opini kami atas laporan keuangan konsolidasian Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan form of assurance on the Annual Report.
tersebut.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung consolidated financial statements, our
jawab kami adalah untuk membaca Laporan responsibilit y is to read the Annual Report when it
Tahunan ketika tersedia dan, dalam becomes available and, in doing so, consider
melaksanakannya, mempertimbangkan whether the Annual Report is materially
apakah Laporan Tahunan mengandung inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan financial statements or our knowledge obtained in
keuangan konsolidasian terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, misstated.
atau mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika When we read the Annual Report, if we conclude
kami menyimpulkan bahwa terdapat suatu that there is a material misstatement therein,
kesalahan penyajian material di dalamnya, we are required to communicate the matter
kami diharuskan untuk mengomunikasikan hal to those charged with governance and take
tersebut kepada pihak yang bertanggung jawab appropriate actions based on the applicable laws
atas tata kelola dan melakukan tindakan and regulations.
yang tepat berdasarkan peraturan perundang-
undangan yang berlaku.
vi
A member firm of Ernst & Young Global Limited
Page 291
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap charged wit h governance for t he consolidat ed
laporan keuangan konsolidasian financial st at ement s
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh cont rol as management det ermines is necessary
manajemen untuk memungkinkan penyusunan to enable the preparation of consolidated
laporan keuangan konsolidasian yang bebas financial statement s that are free from material
dari kesalahan penyajian material, baik yang misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.
Dalam penyusunan laporan keuangan In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab management is responsible for assessing the
untuk menilai kemampuan Grup dalam Group’s ability to continue as a going concern,
mempertahankan kelangsungan usahanya, disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal- concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha, accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan liquidate the Group or to cease its operations, or
usaha, kecuali manajemen memiliki intensi untuk has no realistic alternative but to do so.
melikuidasi Grup atau menghentikan operasi, atau
tidak memiliki alternatif yang realistis selain
melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses overseeing the Group’s financial reporting process.
pelaporan keuangan Grup.
vii
A member firm of Ernst & Young Global Limited
Page 292
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian consolidat ed financial st at ement s
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obt ain reasonable assurance
memadai tentang apakah laporan keuangan about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari statements taken as a whole are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan, to issue an independent auditor’s report that
dan untuk menerbitkan laporan auditor includes our opinion. Reasonable assurance is
independen yang mencakup opini kami. Keyakinan a high level of assurance, but is not a guarantee
memadai merupakan suatu tingkat keyakinan that an audit conducted in accordance with
tinggi, namun bukan merupakan suatu jaminan Standards on Auditing established by the IICPA will
bahwa audit yang dilaksanakan berdasarkan always detect a material misstatement when it
Standar Audit yang ditet apkan oleh IAPI akan exists. Misstatement s can arise from fraud or error
selalu mendeteksi kesalahan penyajian material and are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun influence the economic decisions of users taken
kesalahan dan dianggap material jika, baik secara on the basis of these consolidated financial
individual maupun agregat, dapat diekspektasikan statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Ident ify and assess the risks of material
penyajian material dalam laporan keuangan misstatement of the consolidated financial
konsolidasian, baik yang disebabkan oleh statements, whether due to fraud or error,
kecurangan maupun kesalahan, mendesain design and perform audit procedures
dan melaksanakan prosedur audit yang responsive to such risks, and obtain audit
responsif terhadap risiko tersebut, serta evidence that is sufficient and appropriate to
memeroleh bukti audit yang cukup dan tepat provide a basis for our opinion. The risk of not
untuk menyediakan basis bagi opini kami. detecting a material misstatement resulting
Risiko tidak terdeteksinya suatu kesalahan from fraud is higher than for one resulting from
penyajian material yang disebabkan oleh error, as fraud may involve collusion, forgery,
kecurangan lebih tinggi dari yang disebabkan intentional omissions, misrepresentations, or
oleh kesalahan, karena kecurangan dapat override of internal control.
melibatkan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian atas pengendalian internal.
viii
A member firm of Ernst & Young Global Limited
Page 293
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on t he effect iveness of
keefektivitasan pengendalian internal Grup. the Group’s internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit evidence
diperoleh, apakah terdapat suatu obtained, whether a material uncertainty exists
ketidakpastian material yang terkait dengan related to events or conditions that may cast
peristiwa atau kondisi yang dapat significant doubt on the Group's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Grup untuk mempertahankan that a material uncertainty exists, we are
kelangsungan usahanya. Ketika kami required to draw attention in our independent
menyimpulkan bahwa terdapat suatu auditor’s report to the related disclosures in
ketidakpastian material, kami diharuskan the consolidated financial statements or, if
untuk menarik perhatian dalam laporan such disclosures are inadequate, to modify our
auditor independen kami ke pengungkapan opinion. Our conclusion is based on the audit
terkait dalam laporan keuangan konsolidasian evidence obtained up to the date of our
atau, jika pengungkapan tersebut tidak independent auditor’s report. However, future
memadai, memodifikasi opini kami. events or conditions may cause the Group to
Kesimpulan kami didasarkan pada bukti audit cease to continue as a going concern.
yang diperoleh hingga tanggal laporan auditor
independen kami. Namun, peristiwa atau
kondisi masa depan dapat menyebabkan Grup
tidak dapat mempertahankan kelangsungan
usaha.
ix
A member firm of Ernst & Young Global Limited
Page 294
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00216/ 2.1505/ AU.1/ 09/ 0242- Report No. 00216/ 2.1505/ AU.1/ 09/ 0242-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Tanggung jawab audit or t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan konsolidasian secara and content of the consolidated financial
keseluruhan, termasuk pengungkapannya, statements, including the disclosures, and
dan apakah laporan keuangan konsolidasian whether the consolidated financial statements
mencerminkan transaksi dan peristiwa yang represent the underlying transactions and
mendasarinya dengan suatu cara yang events in a manner that achieves fair
mencapai penyajian wajar. present ation.
Memeroleh bukti audit yang cukup dan tepat Obtain sufficient appropriate audit evidence
terkait informasi keuangan entitas atau regarding the financial information of the
aktivitas bisnis dalam Grup untuk menyatakan entities or business activities within the Group
opini atas laporan keuangan konsolidasian. to express an opinion on the consolidated
Kami bertanggung jawab atas arahan, financial statements. We are responsible for
supervisi, dan pelaksanaan audit grup. Kami the direction, supervision, and performance of
tetap bertanggung jawab sepenuhnya atas the group audit. We remain solely responsible
opini audit kami. for our audit opinion.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi during our audit.
oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola with a statement that we have complied
bahwa kami telah mematuhi ketentuan etika with relevant ethical requirements regarding
yang relevan mengenai independensi, dan independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami, independence, and where applicable, related
dan, jika relevan, pengamanan terkait. safeguards.
x
A member firm of Ernst & Young Global Limited
Page 295
A member firm of Ernst & Young Global Limited
Page 296
The original consolidated financial statements included herein are in the
Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI CONSOLIDATED STATEMENT OF
KEUANGAN KONSOLIDASIAN FINANCIAL POSITION
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
December 31, Catatan/ December 31,
2025 Notes 2024
ASET ASSETS
Kas dan setara kas 779.927.087 2f,2g,4 396.045.083 Cash and cash equivalents
Portofolio efek - neto 426.794.880 2f,2h,5 354.082.997 Marketable securities - net
Piutang usaha - neto 2d,2f,2l,2m,6 Account receivables - net
Pihak berelasi 64.682.255 36 25.194.880 Related parties
Pihak ketiga 10.213.330 1.720.124 Third parties
Total piutang usaha - neto 74.895.585 26.915.004 Total account receivables - net
Piutang transaksi perantara Receivables from brokerage
pedagang efek - neto 2d,2f,2i,2m,7 activities - net
Pihak berelasi 68.685.110 36 3.622.831 Related parties
Pihak ketiga 1.158.406.712 671.541.163 Third parties
Total piutang transaksi perantara Total receivables from brokerage
pedagang efek - neto 1.227.091.822 675.163.994 activities - net
Receivables from repo
Piutang transaksi repo - neto 4.171.361.329 2f,2m,8 1.939.639.158 transactions - net
Piutang lain-lain - neto 9.483.371 2f,2m,9 14.604.167 Other receivables - net
Biaya dibayar dimuka 28.148.292 10 34.224.809 Prepaid expenses
Pajak dibayar dimuka - 2r,23a 2.178.900 Prepaid taxes
Penyertaan saham 10.500.000 2f,2j,11 10.500.000 Investment in shares
Aset tak berwujud - setelah dikurangi Intangible assets - net of
akumulasi amortisasi accumulated amortization of
masing-masing sebesar Rp53,626,471
Rp53.626.471 dan Rp46.944.886 and Rp46,944,886 as of
per 31 Desember 2025 December 31, 2025 and 2024,
dan 2024 11.396.043 2l,12 12.812.046 respectively
Aset hak guna - setelah dikurangi Right-of-use assets - net of
akumulasi penyusutan accumulated depreciation of
masing-masing sebesar Rp42,951,302 and
Rp42.951.302 dan Rp36.809.607 Rp36,809,607 as of
per 31 Desember 2025 December 31, 2025 and 2024,
dan 2024 23.485.489 2n,13 21.505.131 respectively
Fixed assets - net of
Aset tetap - accumulated depreciation of
setelah dikurangi akumulasi Rp86,141,774
penyusutan masing-masing sebesar and Rp81,160,881 as of
Rp86.141.774 dan Rp81.160.881 December 31, 2025 and 2024,
per 31 Desember 2025 dan 2024 14.609.606 2k,14 13.646.965 respectively
Aset pajak tangguhan 44.387.348 2r,23d 37.441.588 Deferred tax assets
Aset lain-lain 5.964.372 2f,15 2.342.407 Other assets
TOTAL ASET 6.828.045.224 3.541.102.249 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements form
merupakan bagian yang tidak terpisahkan dari laporan an integral part of these consolidated financial statements, taken as
keuangan konsolidasian secara keseluruhan. a whole.
1
Page 297
The original consolidated financial statements included herein are in the
Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
December 31, Catatan/ December 31,
2025 Notes 2024
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Utang usaha Account payables
Pihak ketiga 36.406.917 2f,16 68.122.855 Third parties
Utang transaksi perantara Payables from brokerage
pedagang efek 2d,2f,2i,17 activities
Pihak berelasi 9.022.253 36 12.728.234 Related parties
Pihak ketiga 770.353.115 306.561.055 Third parties
Total utang transaksi perantara Total payables from brokerage
pedagang efek 779.375.368 319.289.289 activities
Utang pajak 38.907.351 2r,23b 37.290.839 Taxes payable
Beban akrual 199.520.196 2f,18 94.141.185 Accrued expenses
Utang jangka pendek 1.250.000.000 2f,19 770.000.000 Short-term liabilities
Surat utang jangka panjang 2.356.754.342 2f,20 695.188.715 Long-term notes payable
Liabilitas sewa 26.271.878 2n,21 24.255.677 Lease liabilities
Liabilitas imbalan kerja 49.008.475 2o,24 43.834.458 Employee benefits liabilities
Utang lain-lain 16.974.856 2f,22 8.976.758 Other payables
Total Liabilitas 4.753.219.383 2.061.099.776 Total Liabilities
EKUITAS EQUITY
Modal saham - nilai nominal Share capital - Rp50 (full amount)
Rp50 per saham (nilai penuh) par value per share
Modal dasar - 13.600.000.000 saham Authorized capital -
13,600,000,000 shares
Modal ditempatkan dan disetor penuh - Issued and fully paid capital -
sebesar 7.109.300.000 saham 355.465.000 1,25 355.465.000 7,109,300,000 shares
Tambahan modal disetor 123.828.834 1,26 123.828.834 Additional paid-in capital
Saldo laba Retained earnings
Telah ditentukan penggunaannya 12.675.000 27 11.625.000 Appropriated
Belum ditentukan penggunaannya 1.551.725.946 959.318.877 Unappropriated
Penghasilan komprehensif lain Other comprehensive income
yang tidak akan direklasifikasi which will not be further
lebih lanjut ke laba rugi 30.865.270 29.541.102 reclassified to profit or loss
Ekuitas yang dapat diatribusikan Equity attributable to owners
kepada pemilik entitas induk 2.074.560.050 1.479.778.813 of the Parent Company
Kepentingan non-pengendali 265.791 28 223.660 Non-controlling interests
Total Ekuitas 2.074.825.841 1.480.002.473 Total Equity
TOTAL LIABILITAS DAN EKUITAS 6.828.045.224 3.541.102.249 TOTAL LIABILITIES AND EQUITY
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements form
merupakan bagian yang tidak terpisahkan dari laporan an integral part of these consolidated financial statements, taken as
keuangan konsolidasian secara keseluruhan. a whole.
2
Page 298
The original consolidated financial statements included herein are in the
Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada For the Year Ended December 31, 2025
Tanggal 31 Desember 2025 (Expressed in thousands of Rupiah,
(Disajikan dalam ribuan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024
PENDAPATAN USAHA REVENUES
Pendapatan dari kontrak Income from contract
dengan pelanggan: 2q,29,36 with customers:
Jasa kegiatan manajer investasi 445.314.597 283.007.884 Investment manager fees
Komisi perantara efek 223.435.115 176.466.437 Brokerage commisions
Jasa penjamin emisi efek 139.273.417 63.277.420 Underwriting fees
Jasa penasihat keuangan 56.082.494 29.090.661 Financial advisory fees
Lain-lain 5.470.689 4.903.746 Others
869.576.312 556.746.148
Pendapatan dari hasil investasi: 2q,30,36 Income from investments:
Pendapatan dividen dan bunga 549.470.311 328.046.589 Dividend and interest income
Gain from marketable
Keuntungan dari efek - neto 260.900.041 22.357.818 securities - net
810.370.352 350.404.407
Total Pendapatan Usaha 1.679.946.664 907.150.555 Total Revenues
BEBAN USAHA OPERATING EXPENSES
Gaji dan tunjangan karyawan (295.626.757) 2o,2p,2q,31 (227.901.186) Employee salaries and benefits
Beban pemasaran (266.248.926) (124.881.979) Marketing expenses
Umum dan administrasi (233.769.252) 2q,32 (121.263.069) General and administration
Penyusutan dan amortisasi (17.826.612) 2k,2l,12,13,14 (18.020.994) Depreciation and amortization
Beban pajak final (7.540.192) 2r,23 (6.456.383) Final tax expense
Total Beban Usaha (821.011.739) (498.523.611) Total Operating Expenses
LABA USAHA 858.934.925 408.626.944 INCOME FROM OPERATION
PENDAPATAN (BEBAN) LAIN-LAIN OTHER INCOME (EXPENSES)
Pendapatan lainnya 21.084.027 33 12.225.396 Other income
Beban lainnya (6.688.546) (6.119.929) Others expense
Biaya keuangan (179.768.980) 34 (89.039.011) Finance cost
Beban lain-lain - neto (165.373.499) (82.933.544) Other expenses - net
LABA SEBELUM BEBAN PROFIT BEFORE INCOME
PAJAK PENGHASILAN 693.561.426 325.693.400 TAX EXPENSE
BEBAN PAJAK PENGHASILAN (100.021.932) 2r,23 (65.795.208) INCOME TAX EXPENSE
LABA TAHUN BERJALAN 593.539.494 259.898.192 PROFIT FOR THE YEAR
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements form
merupakan bagian yang tidak terpisahkan dari laporan an integral part of these consolidated financial statements, taken as
keuangan konsolidasian secara keseluruhan. a whole.
3
Page 299
The original consolidated financial statements included herein are in the
Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
(lanjutan) (continued)
Tahun yang Berakhir pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024
LABA TAHUN BERJALAN 593.539.494 259.898.192 PROFIT FOR THE YEAR
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN: INCOME:
POS YANG TIDAK AKAN ITEM THAT WILL NOT TO BE
DIREKLASIFIKASI RECLASSIFIED TO
KE LABA RUGI PROFIT OR LOSS
Pengukuran kembali kewajiban Remeasurement of employee
imbalan kerja, setelah pajak benefit liabilities, after
tangguhan 1.620.432 2.876.948 deferred of tax
Pajak penghasilan
yang terkait (296.558) 23 (568.737) Related income tax
PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN - INCOME -
SETELAH PAJAK 1.323.874 2.308.211 AFTER TAX
TOTAL PENGHASILAN TOTAL COMPREHENSIVE
KOMPREHENSIF INCOME
TAHUN BERJALAN 594.863.368 262.206.403 FOR THE YEAR
LABA YANG DAPAT PROFIT
DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Equity holders of the Parent
Pemilik Entitas Induk 593.457.069 259.843.692 Company
Kepentingan non-pengendali 82.425 28 54.500 Non-controlling interests
Total 593.539.494 259.898.192 Total
TOTAL LABA KOMPREHENSIF
YANG DAPAT DIATRIBUSIKAN TOTAL COMPREHENSIVE INCOME
KEPADA: ATTRIBUTABLE TO:
Equity holders of the Parent
Pemilik Entitas Induk 594.781.237 262.151.328 Company
Kepentingan non-pengendali 82.131 55.075 Non-controlling interests
Total 594.863.368 262.206.403 Total
LABA PER SAHAM EARNINGS PER SHARE
(dalam Rupiah penuh) (in full Rupiah)
Yang diatribusikan kepada Attributable to equity
pemilik entitas induk holders of the parent entity
Dasar 83,48 2s,35 36,55 Basic
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements form
merupakan bagian yang tidak terpisahkan dari laporan an integral part of these consolidated financial statements, taken as
keuangan konsolidasian secara keseluruhan. a whole.
4
Page 300
The original consolidated financial statements included herein are in the
Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain) (Expressed in thousands of Rupiah, unless otherwise stated)
Ekuitas
yang dapat
diatribusikan
kepada pemilik
Saldo laba Saldo laba tidak Penghasilan Entitas Induk/
ditentukan ditentukan komprehensif Equity
Tambahan kegunaannya/ kegunaannya/ lain/ attributable to Kepentingan
modal disetor/ Appropriated Unappropriated Other owners of non-pengendali/ Total
Catatan/ Modal saham/ Additional retained retained comprehensive the Parent Non-controlling ekuitas/
Notes Capital stock paid-in capital earnings earnings income Company interests Equity
Saldo per 31 Desember 2023 355.465.000 123.828.834 10.575.000 700.525.185 27.233.466 1.217.627.485 209.585 1.217.837.070 Balance as of December 31, 2023
Pembentukan cadangan umum 27 - - 1.050.000 (1.050.000 ) - - - - General reserved appropriation
Likuidasi modal kepentingan Liquidation of capital of non-controlling
non-pengendali entitas anak - - - - - - (1.000) (1.000) interest of subsidiary
Pembagian dividen kepada Declaration of dividends
kepentingan non-pengendali 28 - - - - - - (40.000) (40.000) to non controlling interest
Pengukuran kembali liabilitas Remeasurement of employee
imbalan kerja, setelah benefits liabilities, net of
pajak tangguhan - - - - 2.307.636 2.307.636 575 2.308.211 deferred tax
Laba tahun berjalan - - - 259.843.692 - 259.843.692 54.500 259.898.192 Income for the year
Saldo per 31 Desember 2024 355.465.000 123.828.834 11.625.000 959.318.877 29.541.102 1.479.778.813 223.660 1.480.002.473 Balance as of December 31, 2024
Pembentukan cadangan umum 27 - - 1.050.000 (1.050.000 ) - - - - General reserved appropriation
Pembagian dividen kepada Declaration of dividends
kepentingan non-pengendali 28 - - - - - - (40.000) (40.000) to non controlling interest
Pengukuran kembali liabilitas Remeasurement of employee
imbalan kerja, setelah benefits liabilities, net of
pajak tangguhan - - - - 1.324.168 1.324.168 (294) 1.323.874 deferred tax
Laba tahun berjalan - - - 593.457.069 - 593.457.069 82.425 593.539.494 Income for the year
Saldo per 31 Desember 2025 355.465.000 123.828.834 12.675.000 1.551.725.946 30.865.270 2.074.560.050 265.791 2.074.825.841 Balance as of December 31, 2025
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an integral part of these
terpisahkan dari laporan keuangan konsolidasian consolidated financial statements
secara keseluruhan. taken as a whole.
5
Page 301
The original consolidated financial statements included herein are in
Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada For the Year Ended December 31, 2025
Tanggal 31 Desember 2025 (Expressed in thousands of Rupiah,
(Disajikan dalam ribuan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM OPERATING
OPERASI ACTIVITIES
Penerimaan dari piutang Receipts from receivables
transaksi repo 387.800.556 8 117.243.810 from repo transactions
Penerimaan jasa penasihat keuangan, Receipts from financial advisory,
penjaminan emisi dan penjualan underwriting, selling and
efek dan manajer investasi 590.169.098 377.679.886 investment manager fees
Penerimaan pendapatan Receipts from dividends and
dividen dan bunga 513.017.959 324.228.464 interest income
Penerimaan komisi perantara Receipts from brokerage
perdagangan efek 223.435.116 29 176.466.437 commissions
Penjualan aset keuangan Sale of financial
pada nilai wajar melalui assets at fair value
laporan laba rugi - neto 188.188.159 180.627.037 through profit or loss - net
Granting of receivables from
Pemberian piutang transaksi repo (2.581.225.980) 8 (947.184.040) repo transactions
Pembayaran kepada pemasok - neto (512.423.238) (169.149.360) Payments to suppliers - net
Pembayaran kepada karyawan (238.654.284) (193.150.669) Payments to employees
Pembayaran pajak penghasilan (117.983.015 ) (62.530.964) Payments of corporate income tax
Pembayaran kepada nasabah - neto (60.407.742) (339.858.014) Payments to customers - net
(Pembayaran kepada)/penerimaan dari (Payments to)/receipts from
lembaga kliring dan clearing guarantee
penjaminan - neto (18.252.371 ) 186.436.095 institution - net
Pembayaran kepada Payment to other securities
perusahaan efek lain - neto (3.906.665) (6.078.813) company - net
Penerimaan lainnya - neto 16.188.920 1.222.698 Other receipts - net
Kas neto digunakan untuk Net cash used in
aktivitas operasi (1.614.053.487) (354.047.433) operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING
INVESTASI ACTIVITIES
Penerimaan bunga 25.108.195 12.352.556 Interest received
Hasil penjualan aset tetap 631 14 - Proceeds from sale of fixed assets
Perolehan aset tetap (5.959.359) 14 (8.925.563) Acquisition of fixed assets
Perolehan aset tak berwujud (5.265.582) 12 (2.783.280) Acquisition of intangible assets
Uang muka pembelian aset Advanced for purchase of intangible
tak berwujud (1.039.981) (159.500) assets
Uang muka pembelian aset tetap (753.088) 15 (95.334) Advances for purchase of fixed assets
Kas neto diperoleh dari Net cash provided by
aktivitas investasi 12.090.816 388.879 investing activities
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements form
merupakan bagian yang tidak terpisahkan dari laporan an integral part of these consolidated financial statements.
keuangan konsolidasian secara keseluruhan.
6
Page 302
The original consolidated financial statements included herein are in
Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT
Untuk Tahun yang Berakhir pada OF CASH FLOWS (continued)
Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING
PENDANAAN ACTIVITIES
Penerimaan dari utang bank 18.628.780.583 19 11.679.000.000 Proceeds from bank loans
Penerimaan dari surat utang Proceeds from long-term
jangka panjang 2.053.200.000 20 388.000.000 notes payable
Pembayaran utang bank (18.148.780.583) 19 (11.209.000.000) Payments of bank loans
Pembayaran surat utang jangka panjang (388.000.000) 20 (100.000.000) Payment of long-term notes payable
Pembayaran bunga (150.850.648) (78.498.042) Interest payments
Pembayaran liabilitas sewa (8.464.677) (7.278.766) Payment of lease liabilities
Pembayaran dividen (40.000) (40.000) Payment of dividend
Pembayaran surat utang jangka Payments of medium-term
menengah - 19 (122.500.000) promissory notes
Likuidasi modal kepentingan Liquidation of capital of non-controlling
non-pengendali entitas anak - (1.000) interest of subsidiary
Kas neto diperoleh dari Net cash provided by
aktivitas pendanaan 1.985.844.675 549.682.192 financing activities
KENAIKAN BERSIH NET INCREASE IN
KAS DAN SETARA KAS 383.882.004 196.023.638 CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL CASH AND CASH EQUIVALENTS
TAHUN 396.045.083 200.021.445 AT THE BEGINNING OF THE YEAR
KAS DAN SETARA KAS AKHIR CASH AND CASH EQUIVALENTS
TAHUN 779.927.087 396.045.083 AT THE END OF THE YEAR
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements form
merupakan bagian yang tidak terpisahkan dari laporan an integral part of these consolidated financial statements.
keuangan konsolidasian secara keseluruhan.
7
Page 303
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian dan informasi umum a. Establishment and general information
PT Trimegah Sekuritas Indonesia Tbk PT Trimegah Sekuritas Indonesia Tbk
(”Perusahaan”) didirikan dengan nama (“the Company”) was established under the
PT Trimulya Securindolestari berdasarkan akta name of PT Trimulya Securindolestari based on
No. 64 tanggal 9 Mei 1990 yang dibuat notarial deed No. 64 dated May 9, 1990 of
dihadapan Rachmat Santoso, S.H., notaris di Rachmat Santoso, S.H., notary in Jakarta. The
Jakarta. Akta pendirian ini telah diubah dengan deed of establishment was amended with
akta No. 227 tanggal 28 Mei 1990 dari notaris notarial deed No. 227 dated May 28, 1990 of
yang sama dan telah disahkan oleh Menteri the same notary, and was approved by the
Kehakiman Republik Indonesia dengan Surat Minister of Justice of the Republic of Indonesia
Keputusan No. C2-3353.HT.01.01.TH.90 in decision letter No. C2-3353.HT.01.01.TH.90
tanggal 7 Juni 1990 serta diumumkan dalam dated June 7, 1990, and was published in the
Berita Negara Republik Indonesia No. 80 State Gazette of the Republic of Indonesia
tanggal 5 Oktober 1990, Tambahan No. 3832. No. 80 dated October 5, 1990, Supplement
No. 3832.
Perusahaan telah melakukan beberapa kali The Company has made several name
perubahan nama yaitu: perubahan nama dari changes are: change of the name of
PT Trimulya Securindolestari menjadi PT Trimulya Securindolestari to PT Trimegah
PT Trimegah Securindolestari berdasarkan Securindolestari by deed No. 64 dated May 9,
akta No. 64 tanggal 9 Mei 1990 yang dibuat 1990 of Rachmat Santoso, S.H., notary in
dihadapan Rachmat Santoso, S.H., notaris di Jakarta; change of the name of PT Trimegah
Jakarta; perubahan nama dari PT Trimegah Securindolestari and change the status of the
Securindolestari dan perubahan status company to PT Trimegah Securities Tbk based
perusahaan menjadi PT Trimegah Securities on Gazette of the Republic of Indonesia
Tbk berdasarkan Berita Negara Republik No. 9 dated February 1, 2000 Tbn. 522; and
Indonesia No. 9 tanggal 1 Februari 2000 Tbn. the latest of change of the name of
522; dan terakhir perubahan nama dari PT Trimegah Securities Tbk to PT Trimegah
PT Trimegah Securities Tbk menjadi Sekuritas Indonesia Tbk by Deed No. 70
PT Trimegah Sekuritas Indonesia Tbk dengan dated June 20, 2016 from Fathiah Helmi, S.H.,
Akta No. 70 tanggal 20 Juni 2016 dari Fathiah notary in Jakarta, which has been approved
Helmi, S.H., notaris di Jakarta, yang disetujui by the Minister of Justice and Human
berdasarkan Keputusan Menteri Hukum dan Rights of the Republic of Indonesia
Hak Asasi Manusia Republik Indonesia No. AHU-0012545.AH.01.02.TAHUN 2016
No. AHU-0012545.AH.01.02.TAHUN 2016 dated June 30, 2016.
tanggal 30 Juni 2016.
Sesuai dengan pasal 3 Anggaran Dasar In accordance with article 3 of the Company’s
Perusahaan, ruang lingkup kegiatan Articles of Association, the scope of its activities
Perusahaan meliputi perantara perdagangan comprises mainly of brokerage and
efek dan penjamin emisi efek. Perusahaan underwriting of securities. The Company
mulai beroperasi secara komersial pada tahun started its commercial operations in 1990.
1990.
Susunan Direksi dan Dewan Komisaris terakhir The latest change in the composition of the
telah diubah dengan akta No. 219 tanggal Board of Directors and Board of
26 Juni 2024, yang dibuat di hadapan Commissioners was amended by notarial deed
Bpk. Jose Dima Satria, S.H., M.Kn., notaris di No. 219 dated June 26, 2024 made before
Jakarta, dan Perusahaan telah mendapatkan Mr. Jose Dima Satria, S.H., M.Kn., notary in
penerimaan pemberitahuan dari Kementerian Jakarta, and the Company
Hukum dan HAM dengan has received receipt of notice from
No. AHU-AH.01.09-0219271 tanggal 27 Juni the Ministry of Law and Human
2024. Rights No. AHU-AH.01.09-0219271 dated
June 27, 2024.
8
Page 304
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information
(continued)
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024,
Bapak Garibaldi Thohir merupakan Pemegang Mr. Garibaldi Thohir is the Main and Controlling
Saham Utama dan Pengendali Perseroan. Shareholder of the Company.
Perusahaan berdomisili di Jakarta dan The Company is domiciled and located in
berkantor pusat di Gedung Artha Graha, Jakarta with its head office at the Artha Graha
Jalan Jenderal Sudirman Kav. 52-53 dengan Building, Jalan Jenderal Sudirman Kav. 52-53
11 kantor cabang yang berlokasi di Gedung with 11 branch offices which are located in
Artha Graha - Jakarta, Kelapa Gading - Jakarta, Artha Graha Building - Jakarta, Kelapa Gading
Bumi Serpong Damai - Banten, Semarang - - Jakarta, Bumi Serpong Damai - Banten,
Jawa Tengah, Solo - Jawa Tengah, Surabaya - Semarang - Jawa Tengah, Solo - Jawa Tengah,
Jawa Timur, Denpasar - Bali, Medan - Surabaya - Jawa Timur, Denpasar - Bali,
Sumatera Utara, Bandung - Jawa Barat, Medan - Sumatera Utara, Bandung - Jawa
Makassar - Sulawesi Selatan, dan Cirebon - Barat, Makassar - Sulawesi Selatan, and
Jawa Barat. Cirebon - Jawa Barat.
Perusahaan memperoleh izin usaha sebagai The Company obtained its brokerage,
perantara perdagangan efek, penjamin emisi underwriting, investment management,
efek, manajer investasi, arranger dan penasihat arranger and financial advisory licenses, from
keuangan dari Ketua Badan Pengawas Pasar the Chairman of the Capital Market Supervisory
Modal dan Lembaga Keuangan (”BAPEPAM- Board and Financial Institution (“BAPEPAM-
LK”, sekarang ”Otoritas Jasa Keuangan (OJK)”) LK”, currently “Financial Service Authority
masing-masing dalam Surat Keputusan (OJK)”) in decision letters
No. KEP-252/PM/1992 tanggal 2 Mei 1992, No. KEP-252/PM/1992 dated May 2, 1992,
No. KEP-27/PM/1993 tanggal 18 September No. KEP-27/PM/1993 dated September 18,
1993 dan No. KEP-02/PM-MI/1994 tanggal 1993 and No. KEP-02/PM-Ml/1994 dated April
20 April 1994, No. S-940/PM.21/2017 tanggal 20, 1994, No. S-940/PM.21/2017 dated
6 Desember 2017 dan No. S-1107/PM.21/2018 December 6, 2017 and
tanggal 21 September 2018. Sejak tanggal No. S-1107/PM.21/2018 dated September 21,
10 Agustus 2011, izin usaha Perusahaan 2018, respectively. Starting August 10, 2011,
sebagai manajer investasi telah dicabut terkait the Company’s investment management
dengan pemisahan kegiatan usaha license has been revoked in connection with the
Perusahaan sebagai manajer investasi dan separation of the Company’s business as
telah diselesaikannya proses pengalihannya investment manager to its subsidiaries,
kepada PT Trimegah Asset Management PT Trimegah Asset Management (”TRIM AM”)
(”TRIM AM”) entitas anaknya (Catatan 1b). (Note 1b).
Berdasarkan surat No. Peng-356/BEJ.ANG/ In accordance with letter No. Peng-356/
12-1999 tanggal 23 Desember 1999 dari Bursa BEJ.ANG/12-1999 dated December 23, 1999
Efek Jakarta (sekarang Bursa Efek Indonesia from the Jakarta Stock Exchange (currently
(“BEI”)), Perusahaan memperoleh izin Indonesia Stock Exchange (“IDX”)), the
melakukan transaksi marjin. Company obtained its license to engage in
margin trading.
9
Page 305
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information
(continued)
Susunan Dewan Komisaris dan Direksi The composition of the Boards of
Perusahaan pada tanggal 31 Desember 2025 Commissioners and Directors of the Company
dan 2024 adalah sebagai berikut: as of December 31, 2025 and 2024, are as
follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Dewan Komisaris Board of Commisioners
Komisaris Utama Rofikoh Rokhim*)***) Edy Sugito*) President Commisioner
Komisaris Independen Edy Sugito***) Sunata Tjiterosampurno**) Independent Commisioner
Dewan Direksi Board of Director
Direktur Utama Philmon Samuel Tanuri Philmon Samuel Tanuri President Director
Direktur David Agus David Agus Director
Direktur Anung Rony Hascaryo Anung Rony Hascaryo Director
*) Merangkap sebagai komisaris independen. *) Act as an independent commissioner.
**) Mengundurkan diri per tanggal 9 Juni 2025 dan **) Resigned as of June 9, 2025, and was approved based
disetujui berdasarkan akta Pernyataan Keputusan on the deed of the Decision Statement of the General
Rapat Umum Pemegang Saham (akta PKR) No. 6 Meeting of Shareholders No. 6 dated September 3,
tanggal 3 September 2025, yang dibuat di hadapan 2025 made before Mr. Jose Dima Satria, SH., M.Kn.,
Bpk. Jose Dima Satria, SH., M.Kn., notaris di Jakarta. notary in Jakarta. The deed was approved by the
Akta PKR ini telah disahkan oleh Menteri Hukum dan Minister of Law and Human Rights of the Republic of
Hak Asasi Manusia Republik Indonesia berdasarkan Indonesia based on Decree No. AHU-AH.01.09-
Surat Keputusan No. AHU-AH.01.09-0333184 tanggal 0333184 dated September 3, 2025.
3 September 2025.
***) Berdasarkan akta Pernyataan Keputusan Rapat ***) Based on the deed of the Decision Statement of the
Umum Pemegang Saham (akta PKR) No. 6 tanggal General Meeting of Shareholders No. 6 dated
3 September 2025, yang dibuat di hadapan Bpk. Jose September 3, 2025 made before Mr. Jose Dima Satria,
Dima Satria, SH., M.Kn., notaris di Jakarta. Akta PKR SH., M.Kn., notary in Jakarta. The deed was approved
ini telah disahkan oleh Menteri Hukum dan Hak Asasi by the Minister of Law and Human Rights of the
Manusia Republik Indonesia berdasarkan Surat Republic of Indonesia based on Decree No. AHU-
Keputusan No. AHU-AH.01.09-0333184 tanggal AH.01.09-0333184 dated September 3, 2025.
3 September 2025.
Susunan Komite Audit Perusahaan pada The composition of the Audit Committee of the
tanggal-tanggal 31 Desember 2025 dan 2024 Company as of December 31, 2025 and 2024,
adalah sebagai berikut: are as follows:
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Ketua Rofikoh Rokhim Edy Sugito Chairman
Anggota Grace Citra Dewi Ariefudin Amas Member
Anggota Widia Praptiwi Ida Bagus Oka Nila Member
Unit Audit Internal Jong Ifu Jong Ifu Internal Audit Unit
b. Entitas anak konsolidasian b. Consolidated subsidiaries
PT Trimegah Asset Management (“TRIM AM”) PT Trimegah Asset Management (“TRIM AM”),
yang berkedudukan di Jakarta, didirikan which is domiciled in Jakarta, was established
berdasarkan akta notaris yang dibuat based on notarial deed No. 131 dated
dihadapan Ny. Poerbaningsih Adi Warsito, October 28, 2010 of Ny. Poerbaningsih Adi
S.H., notaris di Jakarta, No. 131 tanggal Warsito, S.H., notary in Jakarta. The deed of
28 Oktober 2010 yang telah disahkan oleh establishment was approved by the Minister of
Menteri Hukum dan Hak Asasi Manusia Justice and Human Rights of the Republic of
Republik Indonesia berdasarkan Surat Indonesia based on Decision Letter
Keputusan No. AHU-51853.AH.01.01.Tahun No. AHU-51853.AH.01.01.Year 2010 dated
2010 tanggal 4 November 2010. TRIM AM November 4, 2010. TRIM AM obtained its
memperoleh izin usaha sebagai manajer investment management license from the
investasi dari Ketua Bapepam-LK dalam surat Chairman of Bapepam-LK through decision
10
Page 306
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak konsolidasian (lanjutan) b. Consolidated subsidiaries (continued)
keputusan No. KEP-02/BL/MI/2011 tanggal letter No. KEP-02/BL/MI/2011 dated
31 Januari 2011. Perusahaan mempunyai January 31, 2011. The Company has 99.90%
kepemilikan saham sebesar 99,90% pada ownership interest in TRIM AM, therefore since
TRIM AM dan karena itu, sejak tanggal the date of establishment, the financial
pendirian, laporan keuangan TRIM AM statements of TRIM AM have been
dikonsolidasikan dengan Perusahaan. TRIM consolidated to the Company. TRIM AM started
AM memulai operasi komersilnya pada bulan its commercial operations in March 2011. Total
Maret 2011. Nilai aset TRIM AM sebelum assets of TRIM AM before elimination
eliminasi masing-masing sebesar amounted to Rp421,865,830 and
Rp421.865.830 dan Rp301.852.517 per Rp301,852,517 as of December 31, 2025 and
31 Desember 2025 dan 31 Desember 2024. December 31, 2024, respectively.
TRIM AM memiliki 98,18% dari jumlah saham TRIM AM owns 98.18% of the total share
PT Andika Properti Nusantara (”APN”), entitas capital of PT Andika Properti Nusantara
anak yang didirikan tanggal 17 Januari 2017 (“APN”), a subsidiary established on January
dan bergerak di bidang properti. Sejak tanggal 17, 2017 and engaged in property activities.
pendirian laporan keuangan, APN Since the date of establishment, the financial
dikonsolidasikan dengan TRIM AM. statements of APN have been consolidated to
Berdasarkan keputusan sirkuler para TRIM AM. Based on the circular decision of the
pemegang saham sebagai pengganti rapat shareholders in lieu of the APN general meeting
umum pemegang saham APN tanggal of shareholders dated January 12, 2024,
12 Januari 2024, disetujui likuidasi APN dengan approval for the liquidation of APN with the
pembagian aset-aset APN kepada para distribution of APN's assets to shareholders
pemegang saham setelah diperhitungkan after calculating APN's liabilities.
dengan liabilitas APN.
Pada tanggal 31 Desember 2025, TRIM AM On December 31, 2025, TRIM AM has control
memiliki kendali dan/atau secara langsung and/or directly owns Reksadana Trimegah
memiliki Reksadana Trimegah Pendapatan Pendapatan Tetap Hijau Inklusif with effective
Tetap Hijau Inklusif dengan persentase ownership of 99.99%, Reksadana Dana Kas 1
kepemilikan efektif sebesar 99,99%, with effective ownership of 51.95%, Reksadana
Reksadana TRIM Dana Likuid dengan TRIM Dana Likuid with effective ownership of
persentase kepemilikan efektif sebesar 99.99%, Reksadana Pendapatan Tetap
99,99%, Reksadana Pendapatan Tetap Sepakbola Merah Putih with effective
Trimegah Sepakbola Merah Putih dengan ownership of 64.97%, and Reksa Dana
persentase kepemilikan efektif sebesar Pendapatan Tetap Trimegah Almamater Fund
64,97%, dan Reksa Dana Pendapatan Tetap Kelas A with effective ownership of 99.99%.
Trimegah Almamater Fund Kelas A dengan
persentase kepemilikan efektif sebesar
99,99%.
Pada tanggal 31 Desember 2024, TRIM AM On December 31, 2024, TRIM AM has control
memiliki kendali dan/atau secara langsung and/or directly owns Reksadana Trimegah
memiliki Reksadana Trimegah Pendapatan Pendapatan Tetap Hijau Inklusif with effective
Tetap Hijau Inklusif dengan persentase ownership of 99.99% and Reksadana Dana
kepemilikan efektif sebesar 99,99% dan Kas 1 with effective ownership of 54.55%.
Reksadana Dana Kas 1 dengan persentase
kepemilikan efektif sebesar 54,55%.
11
Page 307
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak konsolidasian (lanjutan) b. Consolidated subsidiaries (continued)
PT Trimegah Sekuritas (“TS”) yang PT Trimegah Sekuritas (“TS”) which is
berkedudukan di Jakarta, didirikan berdasarkan domiciled in Jakarta, was established based on
akta notaris yang dibuat dihadapan Tn. Jose notarial deed No. 48 dated October 11, 2021
Dima Satria, S.H., M.Kn., notaris di Jakarta. of Tn. Jose Dima Satria, S.H., M.Kn., notary
No. 48 tanggal 11 Oktober 2021 yang telah in Jakarta. The deed of establishment
disahkan oleh Menteri Hukum dan Hak Asasi was approved by the Minister of Justice and
Manusia Republik Indonesia berdasarkan Surat Human Rights of the Republic of Indonesia
Keputusan No. AHU-0065663.AH.01.01.Tahun based on Decision Letter
2021 tanggal 18 Oktober 2011. Perusahaan No. AHU-0065663.AH.01.01.Year 2021 dated
mempunyai kepemilikan saham sebesar October 18, 2011. The Company has 99.90%
99,90% pada TS. Karena itu, sejak tanggal ownership interest in TS. Therefore, since the
penyetoran modal saham, yaitu pada tanggal date of capital paid, which is on November 14,
14 November 2023, laporan keuangan TS 2023, the financial statements of TS have been
dikonsolidasikan dengan Perusahaan. consolidated to the Company.
TS belum memulai operasi komersil. Nilai aset TS has not yet started commercial operations.
TS sebelum eliminasi masing-masing sebesar Total assets of TS before elimination amounted
Rp1.015.928 dan Rp1.008.196 per to Rp1,015,928 and Rp1,008,196 as of
31 Desember 2025 dan 2024. December 31, 2025 and 2024, respectively.
Perusahaan bersama-sama dengan entitas The Company and its subsidiaries have a total
anaknya memiliki 315 karyawan tetap per of 315 permanent as of December 31, 2025
31 Desember 2025 (31 Desember 2024: 280 (December 31, 2024: 280 permanent)
karyawan tetap) (tidak diaudit dan tidak direviu). (unaudited and unreviewed).
c. Penawaran umum saham dan obligasi c. Public offering of the Company’s shares
Perusahaan and bonds
Penawaran umum saham Perusahaan Public offering of the Company’s shares
Pada tanggal 28 Desember 1999, Perusahaan On December 28, 1999, the Company obtained
memperoleh pernyataan efektif dari the notice of effectivity from the Chairman
Ketua BAPEPAM-LK dalam surat of the BAPEPAM-LK in decision letter
No. S/2681/PM/1999 untuk melakukan No. S/2681/PM1999 for the initial public offering
penawaran umum 50 juta saham dengan nilai of 50 million shares with a par value of Rp500
nominal Rp500 per saham dan harga per share and offering price of Rp2,000 per
penawaran Rp2.000 per saham. Total modal share. The Company’s issued and paid-up
ditempatkan dan disetor Perusahaan sebelum capital before initial public offering is 150 million
melakukan penawaran umum sebanyak 150 shares with a par value of Rp500 per share.
juta saham dengan nilai nominal Rp500 per
saham.
Perusahaan mencatatkan sahamnya pada The Company listed its shares on the Jakarta
Bursa Efek Jakarta dan Surabaya (sekarang and Surabaya Stock Exchange (currently
Bursa Efek Indonesia) masing-masing pada Indonesia Stock Exchange) on January 28,
tanggal 28 Januari 2000 dan 1 Februari 2000 2000 and February 1, 2000, respectively, based
berdasarkan surat on letters No. S-170/BEJ.CAT/01-2000 and
No. S-170/BEJ.CAT/01-2000 dan No. 001/EMT/LIST/BES/II/2000.
No. 001/EMT/LIST/BES/II/2000.
Pada tanggal 3 April 2000, Perusahaan On April 3, 2000, the Company split its par
melakukan pemecahan nilai nominal saham value per share from Rp500 per share to
dari Rp500 per saham menjadi Rp50 per Rp50 per share.
saham.
12
Page 308
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum saham dan obligasi c. Public offering of the Company’s shares
Perusahaan (lanjutan) and bonds (continued)
Penawaran umum saham Perusahaan Public offering of the Company’s shares
(lanjutan) (continued)
Pada tanggal 5 Juni 2000, Perusahaan On June 5, 2000, the Company issued 1,400
mengeluarkan 1.400 juta saham bonus yang million bonus shares from the additional paid-in
berasal dari agio saham hasil penawaran umum capital of the initial public offering of shares. On
saham perdana. Pada tanggal 6 dan 7 Juni June 6 and 7, 2000, such shares were listed on
2000 saham bonus tersebut dicatatkan masing- the Surabaya and Jakarta Stock Exchange,
masing pada Bursa Efek Surabaya dan Jakarta respectively (currently Indonesia Stock
(sekarang Bursa Efek Indonesia). Exchange).
Sebelum pernyataan pendaftaran dalam Before the Company obtained the approval for
rangka penawaran umum efektif, Perusahaan its public offering, the Company issued
telah menerbitkan 15 juta waran atas nama 15 million warrants under the name of the
Koperasi Karyawan Perusahaan berdasarkan Company’s Employees Cooperative based on
Akta Pernyataan Waran No. 34 tanggal Warrant Notification Deed No. 34 dated
12 November 1999, dari Fathiah Helmi, S.H., November 12, 1999 of Fathiah Helmi, S.H.,
notaris di Jakarta. Waran tersebut akan notary in Jakarta, wherein such warrants would
diberikan secara cuma-cuma kepada karyawan be granted to the Company’s employees once
Perusahaan setiap tahun berdasarkan formula a year based on a warrant distribution formula.
pemberian waran. Setiap pemegang satu Every holder of one warrant had the right to
waran berhak membeli satu saham biasa purchase one common share of the Company
dengan harga pelaksanaan sebesar Rp500 per at an exercise price of Rp500 per share.
saham.
Oleh karena pemecahan nilai nominal saham Due to the Company’s stock split of par value
Perusahaan dari Rp500 per saham menjadi per share from Rp500 per share to Rp50 per
Rp50 per saham dan pembagian saham bonus share and distribution of bonus shares from the
dari agio saham. dengan rasio 10:7 total waran additional paid-in capital with ratio 10:7, total
yang semula 15 juta waran berubah menjadi warrants of 15 million warrants were changed
255 juta waran. Pada tahun 2006, seluruh to 255 million warrants. In 2006, all warrants
waran telah dikonversi menjadi saham. were converted into shares.
Pada tanggal 28 Maret 2013, Perusahaan On March 28, 2013, the Company obtained the
memperoleh pernyataan efektif dari Ketua notice of effectivity from the Chairman of
Otoritas Jasa Keuangan (OJK) dalam surat Financial Services Authority (OJK) in letter
No. S-65/D.04/2013 untuk melakukan No. S-65/D.04/2013 to conduct Limited Public
Penawaran Umum Terbatas I sebanyak Offering I of 3,454,300,000 shares with a par
3.454.300.000 saham dengan nilai nominal value of Rp50 per share and offering price of
Rp50 per saham dan harga penawaran Rp80 Rp80 per share. The Company’s issued and
per saham. Total modal ditempatkan dan paid-up capital after Limited Public Offering I is
disetor Perusahaan setelah melakukan 7,109,300,000 shares with a par value of Rp50
Penawaran Umum Terbatas I sebanyak per share. The Company listed its shares on the
7.109.300.000 saham dengan nilai nominal Indonesia Stock Exchange on April 23, 2013.
Rp50 per saham. Perusahaan mencatatkan
sahamnya pada Bursa Efek Indonesia pada
tanggal 23 April 2013.
Seluruh saham Perusahaan sebanyak All of the Company’s shares of 7,109,300,000
7.109.300.000 saham telah tercatat di Bursa shares were listed on Indonesia Stock
Efek Indonesia, dimana 264.000.000 saham Exchange, which 264,000,000 of shares
merupakan saham diperoleh kembali pada represent treasury shares as of December 31,
tanggal 31 Desember 2018. 2018.
13
Page 309
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum saham dan obligasi c. Public offering of the Company’s shares
Perusahaan (lanjutan) and bonds (continued)
Penawaran umum obligasi Perusahaan Public offering of the Company’s bonds
Pada tanggal 30 Juni 2004, Perusahaan On June 30, 2004, the Company obtained the
memperoleh pernyataan efektif dari BAPEPAM- notice of effectivity from BAPEPAM-LK through
LK berdasarkan Surat No. S-1980/PM/2004 decision letter No. S-1980/PM/2004 to conduct
untuk melakukan penawaran umum atas bond offering of Rp300 billion of
Obligasi I PT Trimegah Securities Tbk Tahun PT Trimegah Securities Tbk Bonds I year 2004
2004 dengan suku bunga tetap sebesar Rp300 with a fixed interest rate. This bond has been
miliar. Obligasi ini telah dilunasi. fully paid.
Pada tanggal 29 Juni 2007, Perusahaan On June 29, 2007, the Chairman of BAPEPAM-
memperoleh pernyataan efektif dari Ketua LK through decision letter
BAPEPAM-LK sesuai surat No. S-3239/BL/2007 approved the Company’s
No. S-3239/BL/2007 untuk melakukan bond offering of Rp300 billion PT Trimegah
penawaran umum atas Obligasi II PT Trimegah Securities Tbk Bonds II year 2007 with a fixed
Securities Tbk Tahun 2007 dengan suku bunga interest rate. In 2010, these bonds have been
tetap sebesar Rp300 miliar. Pada tahun 2010, fully paid.
obligasi ini telah dilunasi.
Pada tanggal 26 Juni 2023, Perusahaan On June 26, 2023, the Chief Executive of
memperoleh pernyataan efektif dari Kepala Capital Market, Financial Derivatives and
Eksekutif Pengawas Pasar Modal, Keuangan Carbon Exchange Supervision of the Financial
Derivatif dan Bursa Karbon Otoritas Jasa Services Authority (OJK) through decision letter
Keuangan (OJK) sesuai surat No. S-144/D.04/2023 approved the Company’s
No. S-144/D.04/2023 untuk melakukan bond offering of Rp408.8 billion PT Trimegah
Penawaran Umum Berkelanjutan Obligasi Sekuritas Indonesia Tbk Shelf Registration
Berkelanjutan I Trimegah Sekuritas Indonesia Bonds I Phase I Year 2023 with a fixed interest
Tahap I Tahun 2023 dengan suku bunga tetap rate amounted to Rp408.8 billion (Note 20).
sebesar Rp408,8 miliar (Catatan 20).
Pada tanggal 24 Juni 2024, Perusahaan On June 24, 2024, the Chief Executive of OJK
memperoleh pernyataan efektif secara verbal gave verbal clearance for the Company’s bond
dari Kepala Eksekutif OJK untuk melakukan offering of Rp388.0 billion PT Trimegah
Penawaran Umum Berkelanjutan Obligasi Sekuritas Indonesia Tbk Shelf Registration
Berkelanjutan I Trimegah Sekuritas Indonesia Bonds I Phase II Year 2024 with a fixed interest
Tahap II Tahun 2024 dengan suku bunga tetap rate (Note 20).
sebesar Rp388 miliar (Catatan 20).
Pada tanggal 8 Januari 2025, Perusahaan On January 8, 2025, the Chief Executive of OJK
memperoleh pernyataan efektif secara verbal gave verbal clearance for the Company’s bond
dari Kepala Eksekutif OJK untuk melakukan offering of Rp303.2 billion PT Trimegah
Penawaran Umum Berkelanjutan Obligasi Sekuritas Indonesia Tbk Shelf Registration
Berkelanjutan I Trimegah Sekuritas Indonesia Bonds I Phase III Year 2025 with a fixed interest
Tahap III Tahun 2025 dengan suku bunga tetap rate (Note 20).
sebesar Rp303,2 miliar (Catatan 20).
14
Page 310
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum saham dan obligasi c. Public offering of the Company’s shares
Perusahaan (lanjutan) and bonds (continued)
Penawaran umum obligasi Perusahaan Public offering of the Company’s bonds
(lanjutan) (continued)
Pada tanggal 23 Juni 2025, Perusahaan On June 23, 2025, the Chief Executive of
memperoleh pernyataan efektif dari Kepala Capital Market, Financial Derivatives and
Eksekutif Pengawas Pasar Modal, Keuangan Carbon Exchange Supervision of the Financial
Derivatif dan Bursa Karbon Otoritas Jasa Services Authority (OJK) through decision letter
Keuangan (OJK) sesuai surat No. S-43/D.04/2025 approved the Company’s
No. S-43/D.04/2025 untuk melakukan bond offering of Rp700.0 billion
Penawaran Umum Berkelanjutan Obligasi PT Trimegah Sekuritas Indonesia Tbk Shelf
Berkelanjutan II Trimegah Sekuritas Indonesia Registration Bonds II Phase I Year 2025 with a
Tahap I Tahun 2025 dengan suku bunga tetap fixed interest rate (Note 20).
sebesar Rp700 miliar (Catatan 20).
Pada tanggal 2 Oktober 2025, Perusahaan On October 2, 2025, the Chief Executive of OJK
memperoleh pernyataan efektif secara verbal gave verbal clearance for the Company’s bond
dari Kepala Eksekutif OJK untuk melakukan offering of Rp500.0 billion PT Trimegah
Penawaran Umum Berkelanjutan Obligasi Sekuritas Indonesia Tbk Shelf Registration
Berkelanjutan II Trimegah Sekuritas Indonesia Bonds II Phase II Year 2025 with a fixed interest
Tahap II Tahun 2025 dengan suku bunga tetap rate (Note 20).
sebesar Rp500 miliar (Catatan 20).
Pada tanggal 28 November 2025, Perusahaan On November 28, 2025, the Chief Executive of
memperoleh pernyataan efektif secara verbal OJK gave verbal clearance for the Company’s
dari Kepala Eksekutif OJK untuk melakukan bond offering of Rp550.0 billion PT Trimegah
Penawaran Umum Berkelanjutan Obligasi Sekuritas Indonesia Tbk Shelf Registration
Berkelanjutan II Trimegah Sekuritas Indonesia Bonds II Phase III Year 2025 with a fixed
Tahap III Tahun 2025 dengan suku bunga tetap interest rate (Note 20).
sebesar Rp550 miliar (Catatan 20).
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES INFORMATION
a. Dasar penyusunan laporan keuangan a. Basis of preparation of consolidated
konsolidasian financial statements
Pernyataan kepatuhan Statement of compliance
Laporan keuangan konsolidasian telah disusun The consolidated financial statements have
dan disajikan sesuai dengan Standar Akuntansi been prepared and presented in accordance
Keuangan di Indonesia yang mencakup with Indonesian Financial Accounting
Pernyataan dan Interpretasi yang dikeluarkan Standards which comprise the Statements and
oleh Dewan Standar Akuntansi Keuangan Interpretations issued by the Board of Financial
Ikatan Akuntan Indonesia. Accounting Standards of the Indonesian
Institute of Accountants.
15
Page 311
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of consolidated
konsolidasian (lanjutan) financial statements (continued)
Pernyataan kepatuhan (lanjutan) Statement of compliance (continued)
Laporan keuangan konsolidasian juga disusun Consolidated financial statements are also
sesuai dengan SEOJK No. 03/SEOJK.04/2025 prepared in accordance with SEOJK
tertanggal 24 April 2025 tentang Perubahan No. 03/SEOJK.04/2025 dated April 24, 2025
Atas Surat Edaran Otoritas Jasa Keuangan concerning Amendment to the Financial
No. 25/SEOJK.04/2021 Tentang Pedoman Services Authority Circular Letter
Perlakuan Akuntansi Perusahaan Efek. No. 25/SEOJK.04/2021 concerning on the
Dampak penerapan SEOJK tersebut antara Accounting Guidelines for Securities
lain; penyelarasan atas nama dan Companies.The impacts of implementing those
pengelompokan pos-pos laporan keuangan. SEOJK include; the alignment of names and
grouping of financial statements items.
Laporan keuangan konsolidasian telah The consolidated financial statements have
disajikan berdasarkan konsep harga been prepared on a historical cost basis, as
perolehan yang dimodifikasi oleh aset modified by financial assets classified at fair
keuangan yang diklasifikasikan dalam value through profit or loss and using the
kelompok yang diukur pada nilai wajar melalui accrual basis, except for the consolidated
laporan laba rugi serta disusun dengan dasar statement of cash flows.
akrual, kecuali laporan arus kas konsolidasian.
Laporan arus kas konsolidasian disusun The consolidated statement of cash flows are
menggunakan metode langsung dan arus kas prepared based on the direct method by
dikelompokkan atas dasar kegiatan operasi, classifying cash flows on the basis of operating,
investasi dan pendanaan. Pada laporan arus investing and financing activities. In the
kas konsolidasian, kas dan setara kas terdiri consolidated statement of cash flows, cash and
dari saldo kas dan bank, dan deposito cash equivalents include cash on hand and in
berjangka yang akan jatuh tempo dalam waktu banks, time deposits with maturities of three
tiga bulan atau kurang serta deposit on call. months or less and deposit on call.
Seluruh angka dalam laporan keuangan All figures in the consolidated financial
konsolidasian ini, kecuali dinyatakan secara statements are rounded to the nearest
khusus, adalah dibulatkan menjadi dan thousands Rupiah (“Rp”), unless otherwise
disajikan dalam ribuan Rupiah (“Rp”). stated.
b. Prinsip-prinsip konsolidasian b. Principles of consolidation
Perusahaan dan entitas anaknya (“Grup”) The Company and its subsidiaries (“Group”)
menerapkan Pernyataan Standar Akuntansi applied the Statement of Financial Accounting
Keuangan (“PSAK”) PSAK 110, “Laporan Standards (“SFAS”) SFAS 110, “Consolidated
Keuangan Konsolidasi”, mengenai pengaturan Financial Statements”, related to accounting for
akuntansi untuk laporan keuangan consolidated financial statements, determines
konsolidasian, menetapkan prinsip penyusunan principles for preparation and presentation of
dan penyajian laporan keuangan konsolidasian consolidated financial statements when an
ketika entitas mengendalikan satu atau lebih entity controls one or more of other entities.
entitas lain.
16
Page 312
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip konsolidasian (lanjutan) b. Principles of consolidation (continued)
Pengendalian diperoleh ketika Perusahaan Control is achieved when the Company is
terekspos, atau memiliki hak atas imbal hasil exposed, or has rights, to variable returns from
variabel dari keterlibatannya dengan investee its involvement with the investee and has the
dan memiliki kemampuan untuk mempengaruhi ability to affect those returns through its power
imbal hasil tersebut melalui kekuasaannya atas over the investee. Specifically, the Company
investee. Secara khusus, Perusahaan controls an investee if, and only if, the Company
mengendalikan investee jika, dan hanya jika. has all of the following:
Perusahaan memiliki seluruh hal berikut ini:
a) Kekuasaan atas investee (misalnya a) Power over the investee (i.e., existing
adanya hak yang memberikan rights that give it the current ability to direct
Perusahaan kemampuan saat ini untuk the relevant activities of the investee);
mengarahkan aktivitas investee yang
relevan);
b) eksposur atau hak atas imbal hasil variabel b) exposure, or rights, to variable returns from
dari keterlibatan Perusahaan dengan its involvement with the investee; and
investee; dan
c) kemampuan untuk menggunakan c) the ability to use its power over the
kekuasaannya atas investee untuk investee to affect the Company’s returns.
mempengaruhi imbal hasil Perusahaan.
Umumnya, kepemilikan hak suara mayoritas Generally, there is a presumption that a majority
(a majority of voting rights) menghasilkan of voting rights result in control. To support this
pengendalian. Untuk mendukung hal ini, dan presumption and when the Company has less
jika Perusahaan memiliki hak suara kurang dari than a majority of the voting, or similar, rights of
hak suara mayoritas, atau hak sejenis atas an investee. The Company considers all
suatu investee. Perusahaan relevant facts and circumstances in assessing
mempertimbangkan seluruh fakta dan keadaan whether it has power over an investee,
ketika menilai apakah Perusahaan memiliki including:
kekuasaan atas investee, termasuk:
a) Pengaturan kontraktual dengan a) The contranctual arrangement(s) with the
pemegang hak suara lainnya pada other vote holders of the investee
investee
b) Hak-hak yang timbul dari pengaturan b) Rights arising from other contractual
kontraktual lain arrangements
c) Hak suara yang dimiliki Perusahaan dan c) The Company’s voting rights and potential
hak suara potensial voting rights
Perusahaan menilai kembali apakah masih The Company reassesses whether or not it
mengendalikan investee jika fakta dan keadaan controls an investee if facts and circumstances
mengindikasikan bahwa terdapat perubahan indicate that there are changes to one or more
dalam satu atau lebih dari tiga elemen of the three elements of control. Consolidation of
pengendalian. Konsolidasi atas entitas anak a subsidiaries begins when the Company
dimulai sejak tanggal Perusahaan memperoleh obtains control over the subsidiaries and ceases
pengendalian atas entitas anak dan berakhir when the Company loses control of the
ketika Perusahaan kehilangan pengendalian subsidiaries.
atas entitas anak.
17
Page 313
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip konsolidasian (lanjutan) b. Principles of consolidation (continued)
Laporan keuangan konsolidasian disusun The consolidated financial statements have
dengan menggunakan kebijakan akuntansi been prepared using uniform accounting
yang sama untuk transaksi dan peristiwa lain policies for transactions and other events in
dalam keadaan yang serupa. Jika anggota similar circumstances. If a member of the
Perusahaan dan entitas anaknya menggunakan Company and its subsidiaries use accounting
kebijakan akuntansi yang berbeda untuk policies other than those adopted for
transaksi dan peristiwa dalam keadaan yang transactions and events in similar
serupa, maka penyesuaian dilakukan atas circumstances, appropriate adjustments are
laporan keuangannya dalam penyusunan made to its financial statements in preparing the
laporan keuangan konsolidasian. consolidated financial statements.
Seluruh transaksi dan saldo akun antar All significant intercompany transactions and
perusahaan yang signifikan (termasuk laba atau account balances (including the related
rugi yang belum direalisasi) telah dieliminasi. significant unrealized gains or losses) have
been eliminated.
Perubahan dalam bagian kepemilikan A change in the ownership interest of its
Perusahaan pada entitas anaknya yang tidak subsidiaries, without a loss of control, is
mengakibatkan hilangnya pengendalian accounted for as an equity transaction.
Perusahaan pada entitas anaknya dicatat
sebagai transaksi ekuitas.
Ketika Perusahaan kehilangan pengendalian If the Company losses control over its
pada entitas anaknya, maka Perusahaan subsidiaries, it derecognises the related assets
menghentikan pengakuan aset (termasuk (including goodwill), liabilities, non-controlling
goodwill), liabilitas, Kepentingan interest (NCI) and other components of equity
Nonpengendali (KNP) dan komponen ekuitas while any resulting gain or loss is recognised in
lainnya serta mengakui keuntungan atau profit or loss. Any investment retained is
kerugian terkait dengan hilangnya recognised at fair value.
pengendalian. Saldo investasi yang masih
dimiliki diakui pada nilai wajarnya.
Informasi mengenai entitas anaknya Information of subsidiaries which is
yang dikonsolidasi pada tanggal 31 Desember consolidated as of December 31, 2025 and
2025 dan 2024 adalah sebagai berikut: 2024, as follows:
Tahun Persentase kepemilikan/ Total aset sebelum dieliminasi/
pendirian/ Percentage of ownership Total assets before elimination
Perusahaan/ Domisili/ Year of Kegiatan usaha/
Company Domicile incorporation Nature of business 2025 2024 2025 2024
Dimiliki langsung oleh Perusahaan/
Held directly by the Company Manajer investasi dan
penasihat keuangan/
PT Trimegah Asset Investment manager and
Management Jakarta 2010 financial advisory 99,90% 99,90% Rp373.364.417 Rp279.397.256
penasihat keuangan/
Perantara pedagang efek/
PT Trimegah Sekuritas Jakarta 2022 Broker dealer 99,90% 99,90% Rp1.015.928 Rp1.008.196
Dimiliki melalui PT Trimegah Asset
Management/Held through
PT Trimegah Asset Management
Reksadana Trimegah Pendapatan Reksa Dana/
Tetap Hijau Inklusif Jakarta 2023 Mutual Funds 99,99% 99,99% Rp17.331.533 Rp15.915.397
Reksadana TRIM Reksa Dana/
Dana Likuid Jakarta 2016 Mutual Funds 99,99% - Rp10.518.744 -
Reksadana Pendapatan Tetap
Trimegah Sepak Bola Reksadana/
Merah Putih Jakarta 2025 Mutual funds 63,00% - Rp16.468.764 -
Reksadana Pendapatan Tetap
Trimegah Almamater Reksa Dana/
Fund Kelas A Jakarta 2025 Mutual Funds 99,99% - Rp10.032.484 -
Reksa Dana/
Reksadana Dana Kas 1 Jakarta 2020 Mutual Funds - 54,55% - Rp12.029.405
18
Page 314
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip konsolidasian (lanjutan) b. Principles of consolidation (continued)
TRIM-AM mempunyai investasi di beberapa TRIM-AM has invested in a number of special
entitas bertujuan khusus seperti reksadana. purpose entities such as mutual fund. The
Kepemilikan Perusahaan dalam entitas ini Company’s percentage of ownership in these
dapat berfluktuasi dari hari ke hari sesuai entities may fluctuate from day to day according
dengan partisipasi Perusahaan di entitas to the Company’s participation in the mutual
tersebut. Perusahaan mengendalikan entitas funds. The Company controls such entities,
semacam ini, entitas ini dikonsolidasikan they are consolidated with the interest of third
dengan kepentingan pihak ketiga, apabila ada, parties, if any, shown as net asset value
disajikan sebagai aset neto yang dapat attributed to unit-holders disclosed under “Other
diatribusikan ke pemegang unit yang disajikan payables” in the consolidated statement of
dalam “Utang lain-lain” dalam laporan posisi financial position.
keuangan konsolidasian.
c. Transaksi dan saldo dalam mata uang asing c. Foreign currency transactions and balances
Transaksi dalam mata uang selain Rupiah Transactions in currencies other than Rupiah
dicatat menggunakan kurs yang berlaku pada are recorded at the prevailing rates of exchange
tanggal transaksi. in effect on the date of the transactions.
Pada tanggal laporan posisi keuangan As of the consolidated statement of financial
konsolidasian, aset dan liabilitas moneter dalam position date, all foreign currency monetary
mata uang asing dijabarkan ke dalam mata assets and liabilities are translated into Rupiah
uang Rupiah dengan menggunakan kurs at the middle exchange rates quoted by Bank
tengah Bank Indonesia (“BI”) yang berlaku pada Indonesia (“BI”) on those dates. The resulting
tanggal tersebut. Keuntungan atau kerugian net foreign exchange gains or losses are
selisih kurs yang terjadi diakui pada laporan recognized in the current year’s consolidated
laba rugi dan penghasilan komprehensif lain statement of profit or loss and other
konsolidasian tahun berjalan. comprehensive income.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024,
kurs yang digunakan adalah sebagai berikut the exchange rates used are as follows
(dalam nilai Rupiah penuh): (in full Rupiah amount):
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
1 Dolar Amerika Serikat 16.782 16.162 1 United States Dollar
1 Dolar Singapura 13.068 11.919 1 Singapore Dollar
1 Euro Eropa 19.753 16.851 1 European Euro
100 Yen Jepang 10.759 10.236 100 Japan Yen
19
Page 315
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Transaksi dengan pihak-pihak berelasi d. Transactions with related parties
Suatu pihak dianggap pihak berelasi dengan A party is considered as a related party of the
Perusahaan dan entitas anaknya jika: Company and its subsidiaries if:
a. Perusahaan dan entitas anaknya secara a. the Company and its subsidiaries directly
langsung, atau tidak langsung yang or indirectly through one or more
melalui satu atau lebih perantara, suatu intermediaries, a party (i) controlling, or
pihak (i) mengendalikan, atau controlled by, or under common control
dikendalikan oleh, atau berada di bawah with the Company and its subsidiaries,
pengendalian bersama, dengan (ii) have stake in the Company and its
Perusahaan, (ii) memiliki kepentingan subsidiaries that give significant influence
dalam Perusahaan dan entitas anaknya to the Company and its subsidiaries, or
yang memberikan pengaruh signifikan (iii) have joint control on the Company and
atas Perusahaan dan entitas anaknya, its subsidiaries;
atau (iii) memiliki pengendalian bersama
atas Perusahaan dan entitas anaknya;
b. suatu pihak yang berelasi dengan b. a party which is related to the Company
Perusahaan dan entitas anaknya; and its subsidiaries;
c. suatu pihak adalah ventura bersama di c. a party is a joint venture in which the
mana Perusahaan dan entitas anaknya Company and its subsidiaries are
sebagai venturer; a venturer;
d. suatu pihak adalah anggota dari personil d. a party is a member of the key
dari manajemen kunci Perusahaan dan management personnel of the
entitas anaknya; Company and its subsidiaries;
e. suatu pihak adalah entitas yang e. a party is an entity that is controlled,
dikendalikan, dikendalikan bersama atau jointly controlled or significantly
dipengaruhi signifikan oleh atau untuk influenced by or for whom has significant
pihak yang memiliki hak suara signifikan voting rights in some entity, directly or
pada beberapa entitas, langsung maupun indirectly, through an individual identified
tidak langsung, yaitu individu seperti in point (d) or (e);
diuraikan dalam butir (d) atau (e);
f. suatu pihak adalah suatu program f. a party is a post-employment benefit plan
imbalan paca kerja untuk imbalan kerja for the benefit of employees of either the
dari Perusahaan atau entitas yang terkait Company and its subsidiaries or a party
dengan Perusahaan dan entitas related to the Company and its
anaknya. subsidiaries.
Seluruh transaksi dan saldo yang material All material transactions and balances with the
dengan pihak-pihak berelasi diungkapkan related parties are disclosed in the relevant
dalam catatan atas laporan keuangan notes to consolidated financial statements and
konsolidasian yang relevan dan rinciannya the detail is presented in Note 35.
telah disajikan dalam Catatan 35.
e. Perubahan Pernyataan Standar Akuntansi e. Changes to Statements of Financial
Keuangan dan Interpretasi Standar Accounting Standards and Interpretations of
Akuntansi Keuangan Statements of Financial Accounting
Standards
Penerapan dari standar, interpretasi baru dan The adoption of these new and amended
revisi standar berikut yang berlaku efektif mulai standards and interpretations that are effective
1 Januari 2025, tidak menimbulkan perubahan beginning January 1, 2025 did not result in
substansial terhadap kebijakan akuntansi Grup substantial changes to the Group’s accounting
dan pengaruh yang material atas jumlah yang policies and had no material effect on the
dilaporkan atas periode berjalan atau periode amounts reported for the current or prior
sebelumnya. financial periods.
20
Page 316
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
e. Perubahan Pernyataan Standar Akuntansi e. Changes to Statements of Financial
Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan (lanjutan) of Statements of Financial Accounting
Standards
Amendemen PSAK 221 “Pengaruh Perubahan Amendment of SFAS 221 “Lack of
Kurs Valuta Asing” Exchangeability”
Amandemen PSAK 221 ini memperjelas Amendment of SFAS 221 clarifies the
pengaturan terkait kondisi ketika suatu mata conditions regarding conditions when a
uang tidak tertukarkan serta pengungkapannya. currency is not exchanged and its disclosure.
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(i) Klasifikasi (i) Classification
Aset keuangan Financial assets
Perusahaan dan entitas anaknya The Company and its subsidiaries classify
mengklasifikasikan aset keuangannya its financial assets according to the
berdasarkan kategori sebagai berikut pada following categories at initial recognition:
saat pengakuan awal:
• Aset keuangan yang diukur pada nilai • Financial assets measured at fair
wajar melalui laba rugi; value through profit or loss;
• Aset keuangan yang diukur pada nilai • Financial assets measured at fair
wajar melalui penghasilan value through other comprehensive
komprehensif lain; income;
• Aset keuangan yang diukur pada • Financial assets measured at
biaya perolehan diamortisasi. amortized cost.
Aset keuangan diukur pada biaya Financial assets are measured at
perolehan diamortisasi jika memenuhi amortized cost if they meet the following
kondisi sebagai berikut: conditions:
• aset keuangan dikelola dalam model • financial assets are managed in
bisnis yang bertujuan untuk memiliki a business model that aims to have
aset keuangan dalam rangka financial assets in order to obtain
mendapatkan arus kas kontraktual; contractual cash flow; and
dan
• persyaratan kontraktual dari aset • the contractual terms of the financial
keuangan tersebut memberikan hak asset provide rights on a certain date
pada tanggal tertentu atas arus kas for cash flow obtained solely from
yang diperoleh semata dari payment of principal and interest
pembayaran pokok dan bunga (solely (SPPI) on the principal amount owed.
payments of principal and interest -
SPPI) dari jumlah pokok terutang.
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair value
melalui penghasilan komprehensif lain jika through other comprehensive income if
memenuhi kondisi sebagai berikut: they meet the following conditions:
• Aset keuangan dikelola dalam model • Financial assets are managed in
bisnis yang bertujuan untuk a business model that aims to obtain
mendapatkan arus kas kontraktual contractual cash flow and sell financial
dan menjual aset keuangan; dan assets; and
21
Page 317
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Aset keuangan (lanjutan) Financial assets (continued)
• Persyaratan kontraktual dari aset • The contractual requirements of the
keuangan tersebut memenuhi kriteria financial assets meet the SPPI criteria.
SPPI.
Aset keuangan lainnya yang tidak Other financial assets that do not meet the
memenuhi persyaratan untuk requirements to be classified as financial
diklasifikasikan sebagai aset keuangan assets measured at amortized cost or fair
diukur pada biaya perolehan diamortisasi value through other comprehensive
atau nilai wajar melalui penghasilan income, are classified as measured at fair
komprehensif lain, diklasifikasikan sebagai value through profit or loss.
diukur pada nilai wajar melalui laba rugi.
Saat pengakuan awal, Perusahaan dan At initial recognition, the Company and its
entitas anaknya dapat membuat subsidiaries can make an irrevocable
penetapan yang tidak dapat dibatalkan determination to measure assets that meet
untuk mengukur aset yang memenuhi the requirements to be measured at
persyaratan untuk diukur pada biaya amortized cost or fair value through other
perolehan diamortisasi atau nilai wajar comprehensive income at fair value
melalui penghasilan komprehensif lain through profit or loss, if the determination
pada nilai wajar melalui laba rugi, apabila eliminates or significantly reduces the
penetapan tersebut mengeliminasi atau measurement or recognition
secara signifikan mengurangi inkonsistensi inconsistencies (sometimes referred to as
pengukuran atau pengakuan (kadang "accounting mismatch").
disebut sebagai “accounting mismatch”).
Pengujian SPPI - Penilaian mengenai arus SPPI Test - Evaluation of contractual cash
kas kontraktual yang diperoleh semata dari flows obtained solely from payment of
pembayaran pokok dan bunga principal and interest
Sebagai langkah pertama dari proses As a first step of its classification process,
klasifikasi, Perusahaan dan entitas the Company and its subsidiaries assess
anaknya menilai persyaratan kontraktual the contractual terms of financial assets to
dari aset keuangan untuk mengidentifikasi identify whether they meet the SPPI test.
apakah mereka memenuhi pengujian
SPPI.
Pokok pinjaman untuk tujuan pengujian ini Principal for the purpose of this test is
didefinisikan sebagai nilai wajar dari aset defined as the fair value of the financial
keuangan pada pengakuan awal dan dapat asset at initial recognition and may change
berubah selama umur aset keuangan over the life of the financial asset
(misalnya, jika ada pembayaran pokok (for example, if there are repayments of
atau amortisasi premi/diskon). principal or amortisation of the
premium/discount).
22
Page 318
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Elemen bunga yang paling signifikan The most significant elements of interest
dalam perjanjian kredit biasanya adalah within a lending arrangement are typically
pertimbangan atas nilai waktu dari uang the consideration for the time value of
dan risiko kredit. Untuk membuat penilaian money and credit risk. To make the SPPI
SPPI, Perusahaan dan entitas anaknya assessment, the Company and its
menerapkan pertimbangan dan subsidiaries apply judgement and
memperhatikan faktor-faktor yang relevan considers relevant factors such as the
seperti mata uang dimana aset keuangan currency in which the financial asset is
didenominasikan dan periode pada saat denominated, and the period for which the
suku bunga ditetapkan. interest rate is set.
Sebaliknya, persyaratan kontraktual yang In contrast, contractual terms that
memberikan eksposur lebih dari de minimis introduce a more than de minimis exposure
atas risiko atau volatilitas dalam arus kas to risks or volatility in the contractual cash
kontraktual yang tidak terkait dengan dasar flows that are unrelated to a basic lending
pengaturan pinjaman, tidak menimbulkan arrangement, do not give rise to contractual
arus kas kontraktual SPPI atas jumlah cash flows that are solely payments of
saldo. Dalam kasus seperti itu, aset principal and interest on the amount
keuangan diharuskan untuk diukur pada outstanding. In such cases, the financial
nilai wajar melalui laba rugi. asset is required to be measured at Fair
Value through Profit and Loss (FVTPL).
Penilaian model bisnis Business model assessment
Perusahaan dan entitas anaknya The Company and its subsidiaries
menentukan model bisnisnya berdasarkan determine its business model at the level
tingkat yang paling mencerminkan that best reflects how it manages groups of
bagaimana Perusahaan dan entitas financial assets to achieve its business
anaknya mengelola kelompok aset objective.
keuangannya untuk mencapai tujuan
bisnisnya.
Model bisnis Perusahaan dan entitas The Company and its subsidiaries's
anaknya tidak dinilai berdasarkan masing- business model is not assessed on an
masing instrumennya, tetapi pada tingkat instrument-by-instrument basis, but at
portofolio secara agregat yang lebih tinggi a higher level of aggregated portfolios and
dan didasarkan pada faktor-faktor yang is based on observable factors such as:
dapat diamati seperti:
Bagaimana kinerja model bisnis dan How the performance of the business
aset keuangan yang dimiliki dalam model and the financial assets held
model bisnis tersebut dievaluasi dan within that business model are
dilaporkan kepada personel evaluated and reported to the entity's
manajemen kunci; key management personnel;
Risiko yang mempengaruhi kinerja The risks that affect the performance
model bisnis (dan aset keuangan yang of the business model (and the
dimiliki dalam model bisnis tersebut) financial assets held within that
dan khususnya, bagaimana cara risiko business model) and in particular, the
tersebut dikelola; dan way those risks are managed; and
23
Page 319
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penilaian model bisnis (lanjutan) Business model assessment (continued)
Bagaimana manajer bisnis How managers of the business are
dikompensasi (misalnya, apakah compensated (for example, whether
kompensasi didasarkan pada nilai the compensation is based on the fair
wajar dari aset yang dikelola atau value of the assets managed or on the
pada arus kas kontraktual yang contractual cash flows collected).
tertagih).
Penilaian model bisnis didasarkan pada The business model assessment is based
skenario yang diharapkan secara wajar on reasonably expected scenarios without
tanpa mempertimbangkan skenario “worst taking “worst case” or “stress case”
case” atau “stress case”. Jika arus kas scenarios into account. If cash flows after
setelah pengakuan awal direalisasikan initial recognition are realised in a way that
dengan cara yang berbeda dari yang awal is different from the Company and its
diharapkan, Perusahaan dan entitas subsidiaries's original expectations, the
anaknya tidak mengubah klasifikasi aset Company and its subsidiaries do not
keuangan dimiliki yang tersisa dalam change the classification of the remaining
model bisnis tersebut, tetapi memasukkan financial assets held in that business
informasi tersebut dalam melakukan model, but incorporates such information
penilaian atas aset keuangan yang baru when assessing newly originated or newly
atau yang baru dibeli selanjutnya. purchased financial assets going forward.
Setelah pengakuan awal, aset keuangan After initial measurement, financial assets
pada biaya perolehan diamortisasi at amortized cost are subsequently
selanjutnya diukur pada biaya perolehan measured at amortised cost using the EIR
diamortisasi dengan menggunakan method, less any impairment. Amortized
metode EIR, dikurangi dengan penurunan cost is calculated by taking into account any
nilai. Biaya perolehan diamortisasi dengan discount or premium on acquisition and
memperhitungkan diskonto atau premi fees/costs that are an integral part of the
pada awal akuisisi dan fee/biaya sebagai EIR. The amortization and the losses
bagian yang tidak terpisahkan dari EIR. arising from impairment of such
Amortisasi dan kerugian yang timbul dari investments are recognized in the
penurunan nilai diakui dalam laporan laba statement of profit or loss and other
rugi dan penghasilan komprehensif lain. comprehensive income.
Liabilitas keuangan Financial liabilities
Liabilitas keuangan diklasifikasikan Financial liabilities are classified according
berdasarkan substansi pengaturan kontrak to the substance of the contractual
yang dibuat dan definisi liabilitas arrangements entered into and the
keuangan. definitions of a financial liability.
Liabilitas keuangan diklasifikasikan dalam Financial liabilities classfied in the
kategori (i) liabilitas keuangan yang diukur category of (i) financial liabilities at fair
pada nilai wajar melalui laporan laba rugi value through profit or loss and (ii)
dan (ii) liabilitas keuangan yang diukur financial liabilities measured at amortized
dengan biaya perolehan diamortisasi. cost.
24
Page 320
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Liabilitas keuangan (lanjutan) Financial liabilities (continued)
Liabilitas keuangan yang diukur pada nilai Financial liabilities at fair value through
wajar melalui laba rugi termasuk liabilitas profit or loss include financial liabilities held
keuangan yang dimiliki untuk for trading and financial liabilities
diperdagangkan dan liabilitas keuangan designated upon initial recognition as fair
yang ditetapkan pada pengakuan awal value through profit or loss.
sebagai nilai wajar melalui laba rugi.
Liabilitas keuangan diklasifikasikan Financial liabilities are classified as held for
sebagai kelompok diperdagangkan jika trading if they are incurred for the purpose
mereka terjadi untuk tujuan pembelian of repurchasing in the near term. Gains or
kembali dalam waktu dekat. Keuntungan losses on liabilities held for trading are
atau kerugian atas liabilitas yang dimiliki recognized in profit or loss. Financial
untuk diperdagangkan diakui dalam laba liabilities designated upon initial
rugi. Liabilitas keuangan yang ditetapkan recognition at fair value through profit or
pada pengakuan awal pada nilai wajar loss are designated at the initial date of
melalui laba rugi ditetapkan pada tanggal recognition, and only if the criteria in SFAS
awal pengakuan, dan hanya jika kriteria SFAS 109 are satisfied.
dalam PSAK 109.
Setelah pengakuan awal, Perusahaan dan After initial recognition, the Company and
entitas anaknya mengukur seluruh liabilitas its subsidiaries measure all financial
keuangan berdasarkan biaya perolehan liabilities at amortised cost using the
yang diamortisasi dengan menggunakan effective interest rate (EIR) method, less
metode suku bunga efektif (EIR), dikurangi any impairment.
dengan penurunan nilai.
25
Page 321
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Grup mengklasifikasikan aset dan liabilitas The Group classifies financial assets and
keuangan ke dalam klasifikasi tertentu liabilities into certain classifications that
yang mencerminkan sifat dari informasi reflect the nature of the information and
dan mempertimbangkan karakteristik dari take into account the characteristics of the
instrumen keuangan tersebut. Klasifikasi financial instruments. This classification
ini dapat dilihat pada tabel di bawah ini: can be seen in the table below:
Kategori aset dan
liabilitas keuangan/Categories of Golongan/ Subgolongan/
financial assets and liabilities Classes Subclasses
Kas dan setara kas/Cash and cash equivalents
Portofolio efek/Marketable securities Obligasi/Bond
Aset keuangan yang Piutang usaha/Account receivables
diukur
Piutang transaksi perantara pedagang efek/Receivables from
menggunakan biaya
brokerage activities
perolehan
diamortisasi/ Piutang transaksi repo/Receivables from repo transactions
Financial assets at Piutang lain-lain/Other receivables
amortized cost Aset lain - lain/Other assets Uang jaminan/
Security
deposits
Portofolio efek/Marketable securities Reksadana/
Aset keuangan yang Mutual fund
diukur pada nilai
Obligasi/Bond
wajar melalui laba
Aset keuangan/ rugi/ Ekuitas/Equity
Financial assets Financial assets
measured at fair
value through profit
or loss
Aset keuangan yang Penyertaan saham /Investment in share
diukur pada nilai
wajar melalui
penghasilan
komprehensif lain/
Financial assets at
fair value through
other
comprehensive
income
Utang usaha/Account payables
Liabilitas keuangan Utang transaksi perantara pedagang efek/Payables from brokerage
Liabilitas yang diukur dengan activities
keuangan/ biaya perolehan Beban akrual/Accrued expenses
Financial diamortisasi/
liabilities Financial liabilities Utang jangka pendek/Short-term liabilities
at amortized cost Surat utang jangka Panjang/Long-term notes payable
Liabilitas lain-lain/Other liabilities
Komitmen dan Fasilitas modal kerja yang belum digunakan/Unused working capital facilities
Kontinjensi/ Fasilitas intraday yang belum digunakan/Unused intraday facility
Commitments Foreign exchange line dan fixed income trading yang belum digunakan/Unused foreign
and exchange line and fixed income trading
Contingencies Fasilitas jasa pelayanan transaksi treasury line yang belum digunakan/Unused treasury line
services facility
Bank garansi yang belum digunakan/Unused bank guarantee
26
Page 322
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(ii) Pengakuan awal (ii) Initial recognition
a. Pembelian atau penjualan aset a. Purchase or sale of financial assets
keuangan yang memerlukan that requires delivery of assets within
penyerahan aset dalam kurun waktu a time frame established by regulation
yang telah ditetapkan oleh peraturan or convention in the market (regular
dan kebiasaan yang berlaku di pasar purchases) is recognized on the
(pembelian secara reguler) diakui settlement date, i.e., the date that the
pada tanggal penyelesaian yaitu Company and its subsidiaries commit
tanggal Perusahaan dan entitas to purchase or sell the assets.
anaknya berkomitmen untuk membeli
atau menjual aset.
b. Aset keuangan dan liabilitas b. Financial assets and financial liabilities
keuangan pada awalnya diukur pada are initially recognized at fair value.
nilai wajarnya. Dalam hal aset For those financial assets or financial
keuangan atau liabilitas keuangan liabilities not classified as at fair value
tidak diklasifikasikan sebagai pada through profit or loss, the fair value is
nilai wajar melalui laporan laba rugi, added with directly attributable
nilai wajar tersebut ditambah biaya transaction costs. The subsequent
transaksi yang dapat diatribusikan measurement of financial assets and
secara langsung. Pengukuran aset financial liabilities depends on their
keuangan dan liabilitas keuangan classification.
setelah pengakuan awal tergantung
pada klasifikasinya.
Biaya transaksi hanya meliputi biaya- Transaction costs only include costs
biaya yang dapat diatribusikan secara that are directly attributable to the
langsung untuk perolehan suatu aset acquisition of a financial asset or
keuangan atau penerbitan suatu issuance of a financial liability and an
liabilitas keuangan dan merupakan additional charge that would not occur
biaya tambahan yang tidak akan if the instrument is not acquired or
terjadi apabila instrumen keuangan issued. For financial assets,
tersebut tidak diperoleh atau transaction costs are added to the
diterbitkan. Untuk aset keuangan, amount recognized in the initial
biaya transaksi ditambahkan pada recognition of the asset, while for
jumlah yang diakui pada awal financial liabilities, transaction costs
pengakuan aset, sedangkan untuk are deducted from the amount of debt
liabilitas keuangan, biaya transaksi recognized on initial recognition of
dikurangkan dari jumlah utang yang a liability. The transaction costs are
diakui pada pengakuan awal liabilitas. amortized over the terms of the
Biaya transaksi tersebut diamortisasi instrument based on the effective
selama umur instrumen berdasarkan interest rate method and recorded as
metode suku bunga efektif dan dicatat part of interest income for transaction
sebagai bagian dari pendapatan costs related to the financial asset or
bunga untuk biaya transaksi as part of interest expense for
sehubungan dengan aset keuangan transaction costs related to financial
atau sebagai bagian dari beban bunga liabilities.
untuk biaya transaksi sehubungan
dengan liabilitas keuangan.
27
Page 323
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(ii) Pengakuan awal (lanjutan) (ii) Initial recognition (continued)
Perusahaan dan entitas anaknya, pada The Company and its subsidiaries, upon
pengakuan awal, dapat menetapkan aset initial recognition, may designate certain
keuangan dan liabilitas keuangan tertentu financial assets and liabilities, at fair value
sebagai nilai wajar melalui laba rugi (opsi through profit or loss (fair value option).
nilai wajar). Selanjutnya, penetapan ini Subsequently, this designation cannot be
tidak dapat diubah. Opsi nilai wajar dapat changed. The fair value option is only
digunakan hanya bila memenuhi ketetapan applied when the following conditions are
sebagai berikut: met:
penetapan sebagai opsi nilai wajar the application of the fair value option
mengurangi atau mengeliminasi reduces or eliminates an accounting
ketidakkonsistenan pengukuran dan mismatch that would otherwise arise;
pengakuan (accounting mismatch) or
yang dapat timbul; atau
aset keuangan dan liabilitas keuangan the financial assets and liabilities are
merupakan bagian dari portofolio part of a portfolio of financial
instrumen keuangan yang risikonya instruments, the risks of which are
dikelola dan dilaporkan kepada managed and reported to key
manajemen kunci berdasarkan nilai management on a fair value basis; or
wajar; atau
aset keuangan dan liabilitas keuangan the financial assets and liabilities
terdiri dari kontrak utama dan derivatif consist of a host contract and an
melekat yang harus dipisahkan. embedded derivative that must be
bifurcated.
(iii) Pengukuran setelah pengakuan awal (iii) Subsequent measurement
Aset keuangan dalam kelompok aset Financial assets at fair value through other
keuangan yang diukur pada nilai wajar comprehensive income and financial
melalui penghasilan komprehensif lain dan assets and financial liabilities at fair value
aset keuangan dan liabilitas keuangan through profit or loss are measured at fair
yang diukur pada nilai wajar melalui laba value.
rugi diukur pada nilai wajarnya.
Aset keuangan kelompok biaya perolehan Financial assets classified as amortized
diamortisasi dan liabilitas keuangan cost and other financial liabilities measured
lainnya diukur pada biaya perolehan at amortized cost using the effective
diamortisasi dengan menggunakan interest rate method.
metode suku bunga efektif.
28
Page 324
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(iv) Penghentian pengakuan (iv) Derecognition
a. Aset keuangan dihentikan a. Financial assets are derecognized
pengakuannya jika: when:
(i) Hak kontraktual atas arus kas (i) The contractual rights to receive
yang berasal dari aset keuangan cash flows from the financial
tersebut berakhir; atau assets have expired; or
(ii) Perusahaan dan entitas anaknya (ii) The Company and its subsdiary
telah mentransfer haknya untuk have transferred their rights to
menerima arus kas yang berasal receive cash flows from the asset
dari aset tersebut atau or have assumed an obligation to
menanggung liabilitas untuk pay the received cash flow in full
membayarkan arus kas yang without material delay to a third
diterima tersebut secara penuh party under a ‘pass-through’
tanpa penundaan berarti kepada arrangement; and either (a) the
pihak ketiga dibawah Company and its subsidiaries have
kesepakatan pelepasan, dan transferred substantially all the
antara (a) Perusahaan dan risks and rewards of the asset, or
entitas anaknya telah (b) the Company and its
mentransfer secara substansial subsidiaries have neither
seluruh risiko dan manfaat atas transferred nor retained
aset, atau (b) Perusahaan dan substantially all the risks and
entitas anaknya tidak rewards of the asset, but have
mentransfer maupun tidak transferred control of the asset.
memiliki secara substansial
seluruh risiko dan manfaat atas
aset, tetapi telah mentransfer
kendali atas aset.
Piutang atau aset keuangan lain Receivable or other financial assets
dihapusbukukan ketika tidak terdapat are written off when there is no realistic
prospek yang realistis mengenai prospect of collection in the near future
pengembalian kredit atau hubungan or the normal relationship between the
normal antara Perusahaan dan entitas Company and its subsidiaries and the
anaknya dan debitur telah berakhir. borrowers have ceased to exist. When
Ketika piutang tidak dapat dilunasi, a receivable is deemed uncollectible, it
maka akan dihapusbukukan dengan is written off against the related
mendebit cadangan kerugian allowance for impairment losses.
penurunan nilai.
Penerimaan kemudian atas piutang Subsequent recoveries from
yang telah dihapusbukukan receivables previously written off, are
sebelumnya, jika pada tahun berjalan added to the allowance for impairment
dikreditkan ke dalam akun cadangan losses account in the consolidated
kerugian penurunan nilai di laporan statement of financial position if
posisi keuangan konsolidasian, recovered in the current year and are
sedangkan jika setelah tanggal recognized in the consolidated
laporan posisi keuangan statement of profit or loss and other
konsolidasian dikreditkan sebagai comprehensive income as other
pendapatan operasional lainnya operating income, if recovered after
dalam laporan laba rugi dan the consolidated statement of financial
penghasilan komprehensif lain position date.
konsolidasian.
29
Page 325
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(iv) Penghentian pengakuan (lanjutan) (iv) Derecognition (continued)
Ketika Perusahaan dan entitas Where the Company and its
anaknya telah mentransfer hak untuk subsidiaries have transferred their
menerima arus kas dari aset atau telah rights to receive cash flows from an
memasuki pass-through arrangement asset or have entered into a pass-
dan tidak mentransfer serta tidak through arrangement and have neither
mempertahankan secara substansial transferred nor retained substantially
seluruh risiko dan manfaat atas aset all the risks and rewards of the asset
atau tidak mentransfer kendali atas nor transferred control of the asset,
aset, aset diakui sebesar keterlibatan the asset is recognized to the extent of
Perusahaan dan entitas anaknya yang the Company and its subsidiaries’
berkelanjutan atas aset tersebut. continuing involvement in the asset.
Melanjutkan keterlibatan yang diambil Continuing involvement that has taken
dalam bentuk jaminan atas aset yang the form of a guarantee over the
ditransfer adalah diukur dari nilai transferred asset is measured at the
tercatat awal dari aset dan nilai lower of original carrying amount of
maksimum pertimbangan bahwa the asset and the maximum amount of
Perusahaan dan entitas anaknya consideration that the Company and
diminta untuk membayar. its subsidiaries could be required to
repay.
b. Liabilitas keuangan dihentikan b. Financial liabilities are derecognized
pengakuannya jika liabilitas yang when the obligation under the liability
ditetapkan dalam kontrak dilepaskan is discharged, cancelled or has
atau dibatalkan atau kadaluarsa. Jika expired. Where an existing financial
suatu liabilitas keuangan yang ada liability is replaced by another from the
digantikan dengan yang lain oleh same lender on substantially different
pemberi pinjaman yang sama pada terms, or the terms of an existing
keadaan yang secara substansial liability are substantially modified,
berbeda, atau berdasarkan suatu such an exchange or modification is
liabilitas yang ada yang secara treated as derecognition of the original
substansial telah diubah, maka liability and the recognition of a new
pertukaran atau modifikasi tersebut liability, and the difference in the
diperlakukan sebagai penghentian respective carrying amounts is
pengakuan liabilitas awal dan recognized in the consolidated
pengakuan liabilitas baru, dan statement of profit or loss and other
perbedaan nilai tercatat masing- comprehensive income.
masing diakui dalam laporan laba rugi
dan penghasilan komprehensif lain
konsolidasian.
30
Page 326
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(v) Pengakuan pendapatan dan beban (v) Income and expense recognition
a. Pendapatan dan beban bunga atas a. Interest income and expense on
aset keuangan yang diukur pada financial assets measured at fair value
nilai wajar melalui penghasilan through other comprehensive income
komprehensif lain serta aset as well as financial assets and
keuangan dan liabilitas keuangan financial liabilities recorded at
yang dicatat berdasarkan biaya amortized cost are recognized in the
perolehan diamortisasi, diakui pada statement of profit or loss using the
laporan laba rugi dengan effective interest method.
menggunakan metode suku bunga
efektif.
Jumlah tercatat bruto aset keuangan The gross carrying amount of
adalah biaya perolehan diamortisasi a financial asset is the amortized cost
aset keuangan sebelum disesuaikan of a financial asset before adjusting for
dengan cadangan penurunan nilai. allowance for impairment.
Dalam menghitung pendapatan dan In calculating interest income and
beban bunga, tingkat bunga efektif expenses, the effective interest rate is
diterapkan pada jumlah tercatat bruto applied to the gross carrying amount of
aset (ketika aset tersebut bukan aset an asset (when the asset is not
keuangan memburuk) atau terhadap a deteriorated financial asset) or to the
biaya perolehan diamortisasi dari amortized cost of a liability.
liabilitas.
Untuk aset keuangan yang memburuk For financial assets that deteriorated
setelah pengakuan awal, pendapatan after initial recognition, interest income
bunga dihitung dengan menerapkan is calculated by applying an effective
tingkat bunga efektif terhadap biaya interest rate to the amortized cost of
perolehan diamortisasi dari aset the financial assets. If the asset no
keuangan tersebut. Jika aset tersebut longer deteriorates, the calculation of
tidak lagi memburuk, maka interest income will be calculated by
perhitungan pendapatan bunga akan applying an effective interest rate to
dihitung dengan menerapkan tingkat the gross carrying amount of the
bunga efektif terhadap nilai tercatat financial asset.
bruto dari aset keuangan tersebut.
Untuk aset keuangan yang telah For financial assets that have
memburuk pada saat pengakuan deteriorated at initial recognition,
awal, pendapatan bunga dihitung interest income is calculated by
dengan menerapkan tingkat bunga applying the effective interest rate to
efektif terhadap biaya perolehan the amortized cost of the financial
diamortisasi dari aset keuangan assets. If the asset no longer
tersebut. Jika aset tersebut tidak lagi deteriorates, the calculation of interest
memburuk, maka perhitungan income will still be calculated by
pendapatan bunga akan tetap dihitung applying the effective interest rate to
dengan menerapkan tingkat bunga the amortized cost of the financial
efektif terhadap biaya perolehan asset.
diamortisasi dari aset keuangan
tersebut.
31
Page 327
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(v) Pengakuan pendapatan dan beban (v) Income and expense recognition
(lanjutan) (continued)
b. Keuntungan dan kerugian yang timbul b. Gains and losses arising from changes
dari perubahan nilai wajar atas aset in the fair value of through other
keuangan yang diklasifikasikan dalam comprehensive income financial
kelompok nilai wajar melalui assets other than foreign exchange
penghasilan komprehensif lain diakui gains or losses on debt instrument are
secara langsung dalam laporan laba recognized directly in other
rugi komprehensif (merupakan bagian comprehensive income (as part of
dari ekuitas), sampai aset keuangan equity), until the financial asset is
tersebut dihentikan pengakuannya derecognized or impaired, except gain
atau adanya penurun nilai, kecuali or loss arising from changes in
keuntungan atau kerugian akibat exchanges rate for debt instrument.
perubahan nilai tukar untuk instrumen
utang.
Pada saat aset keuangan dihentikan When a financial asset is
pengakuannya atau dilakukan derecognized or impaired, the
penurunan nilai, keuntungan atau cumulative gains or losses previously
kerugian kumulatif yang sebelumnya recognized in equity are recognized in
diakui dalam ekuitas harus diakui pada profit or loss.
laporan laba rugi.
(vi) Reklasifikasi aset keuangan (vi) Reclassification of financial assets
Perusahaan dan entitas anaknya The Company and its subsidiaries
mereklasifikasi aset keuangan jika dan reclassify financial assets if and only if, the
hanya jika, model bisnis untuk pengelolaan business model for managing financial
aset keuangan berubah. assets changes.
Reklasifikasi aset keuangan dari klasifikasi Reclassifications of financial assets from
biaya perolehan yang diamortisasi ke amortized cost classifications to fair value
klasifikasi nilai wajar melalui laba rugi through profit or loss are recorded at fair
dicatat sebesar nilai wajarnya. Selisih value. The difference between the
antara nilai tercatat dengan nilai wajar recorded value and fair value is recognized
diakui sebagai keuntungan atau kerugian in profit or loss on the statement of profit or
pada laba rugi. loss and other comprehensive income.
Reklasifikasi aset keuangan dari klasifikasi Reclassifications of financial assets from
biaya perolehan yang diamortisasi ke amortized cost classifications to fair
klasifikasi nilai wajar melalui penghasilan value classifications through other
komprehensif lain dicatat sebesar nilai comprehensive are recorded at their fair
wajarnya. Selisih antara nilai tercatat values. The difference between the
dengan nilai wajar diakui sebagai recorded value and fair value is recognized
penghasilan komprehensif lain. in other comprehensive income.
Reklasifikasi aset keuangan dari klasifikasi Reclassification of financial assets from fair
nilai wajar melalui penghasilan value classification through other
komprehensif lain ke klasifikasi nilai wajar comprehensive income to fair value
melalui laba rugi dicatat pada nilai wajar. classification through profit or loss is
Keuntungan atau kerugian yang belum recorded at fair value. Unrealized gains or
direalisasi direklasifikasi ke laba rugi. losses are reclassified to profit or loss.
32
Page 328
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(vi) Reklasifikasi aset keuangan (lanjutan) (vi) Reclassification of financial assets
(continued)
Reklasifikasi aset keuangan dari klasifikasi Reclassification of financial assets from
nilai wajar melalui penghasilan fair value classifications through other
komprehensif lain ke klasifikasi biaya comprehensive income to the amortized
perolehan yang diamortisasi dicatat pada cost classification is recorded at carrying
nilai tercatat. Keuntungan atau kerugian value. Unrealized gains or losses is
yang belum direalisasi dihapus dari ekuitas removed from equity and adjusted agains
dan disesuaikan terhadap nilai wajar. the fair value.
Reklasifikasi aset keuangan dari klasifikasi Reclassifications on financial assets from
nilai wajar melalui laba rugi ke klasifikasi fair value classification through profit or
nilai wajar melalui penghasilan loss to fair value classification through
komprehensif lain dicatat pada nilai wajar. other comprehensive income are recorded
at fair value.
Reklasifikasi aset keuangan dari klasifikasi Reclassification of financial assets from fair
nilai wajar melalui laba rugi ke klasifikasi value classification through profit or loss to
biaya perolehan yang diamortisasi dicatat amortized cost classification is recorded at
pada nilai wajar. fair value.
(vii) Saling hapus (vii) Offsetting
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset
saling hapus disajikan dalam laporan posisi and the net amount reported in the
keuangan konsolidasian jika memiliki hak consolidated statement of financial position
yang berkekuatan hukum untuk melakukan when there is a legally enforceable right to
saling hapus buku atas jumlah yang telah offset the recognised amounts and there is
diakui tersebut dan berniat untuk an intention to settle on a net basis or
menyelesaikan secara neto atau untuk realise the asset and settle the liability
merealisasikan aset dan menyelesaikan simultaneously. This means that the right
liabilitasnya secara simultan. Hak yang to set off:
berkekuatan hukum berarti:
a. Tidak terdapat kontinjensi di masa a. Must not be contingent on a future
yang akan datang, dan event, and
b. Hak yang berkekuatan hukum pada b. Must be legally enforceable in all of the
kondisi-kondisi berikut ini: following circumstances:
kegiatan bisnis normal; the normal course of business;
kondisi kegagalan usaha; dan the event of default; and
kondisi gagal bayar atau bangkrut the event of insolvency or
bankruptcy
Pendapatan dan beban disajikan dalam Income and expenses are presented on
jumlah neto hanya jika diperkenankan oleh a net basis only when permitted by the
standar akuntansi. accounting standards.
33
Page 329
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(viii) Pengukuran biaya perolehan diamortisasi (viii) Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial asset or
keuangan atau liabilitas keuangan adalah liability is the amount at which the financial
total aset keuangan atau liabilitas asset or liability is measured at initial
keuangan yang diukur pada saat recognition, minus principal repayments,
pengakuan awal dikurangi pembayaran plus or minus the cumulative amortization
pokok, ditambah atau dikurangi amortisasi using the effective interest rate method of
kumulatif menggunakan metode suku any difference between the initial amount
bunga efektif yang dihitung dari selisih recognized and the maturity amount,
antara nilai pengakuan awal dan nilai jatuh minus any reduction for impairment.
temponya, dan dikurangi penurunan nilai.
(ix) Pengukuran nilai wajar (ix) Fair value measurement
Nilai wajar adalah harga yang akan Fair value is the price that would be
diterima untuk menjual suatu aset atau received to sell an asset or paid to transfer
harga yang akan dibayar untuk a liability in an orderly transaction between
mengalihkan suatu liabilitas dalam market participants at the measurement
transaksi teratur antara pelaku pasar pada date.
tanggal pengukuran.
Pengukuran nilai wajar mengasumsikan Fair value measurement assumes the
bahwa transaksi untuk menjual aset atau transaction to sell assets or transfer
mengalihkan liabilitas terjadi: liabilities occurs:
Di pasar utama untuk aset dan In the primary market for such assets
liabilitas tersebut; atau and liabilities; or
Jika tidak terdapat pasar utama, If there is no primary market, in the
di pasar yang paling menguntungkan most profitable market for these
untuk aset atau liabilitas tersebut. assets or liabilities.
Pengukuran nilai wajar aset non keuangan The measurement of the fair value of non-
memperhitungkan kemampuan pelaku financial assets takes into account the
pasar untuk menghasilkan manfaat ability of market participants to generate
ekonomis dengan menggunakan aset economic benefits by using the asset in the
dalam penggunaan tertinggi dan terbaiknya highest and best use or by selling them to
atau dengan menjualnya kepada pelaku other market participants that would use
pasar lain yang akan menggunakan aset the asset in the highest and best use.
tersebut dalam penggunaan tertinggi dan
terbaiknya.
Jika tersedia, Perusahaan dan entitas When available, the Company and its
anaknya mengukur nilai wajar dari suatu subsidiaries measure the fair value of an
instrumen dengan menggunakan harga instrument using quoted prices in an active
kuotasi di pasar aktif untuk instrumen market for that instrument. A market is
terkait. Suatu pasar dianggap aktif bila regarded as active if quoted prices are
harga yang dikuotasikan tersedia sewaktu- readily and regularly available from an
waktu dari bursa, pedagang efek (dealer), exchange, dealer, broker, industry group,
perantara efek (broker), kelompok industri, pricing service or regulatory agency and
badan pengawas (pricing service or those prices represent actual and regularly
regulatory agency), dan harga tersebut occurring market transaction on an arm’s
merupakan transaksi pasar aktual dan length basis.
teratur terjadi yang dilakukan secara wajar.
34
Page 330
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Perusahaan dan entitas anaknya The Company and its subsidiaries use
menggunakan teknik penilaian yang sesuai suitable valuation techniques in the
dalam keadaan dan dimana data yang circumstances and where sufficient data
memadai tersedia untuk mengukur nilai are available to measure fair value,
wajar, mengoptimalkan penggunaan input optimizing the use of relevant observable
yang dapat diobservasi yang relevan dan inputs and minimize the use of inputs that
meminimalkan penggunaan input yang are not observable.
tidak dapat diobservasi.
Semua aset dan liabilitas dimana nilai All assets and liabilities which fair value is
wajar diukur atau diungkapkan dalam measured or disclosed in the financial
laporan keuangan dapat dikategorikan statements can be classified in fair value
pada level hirarki nilai wajar, berdasarkan hierarchy levels, based on the lowest level
tingkatan input terendah yang signifikan of input that is significant to the overall fair
atas pengukuran nilai wajar secara value measurement:
keseluruhan:
Tingkat 1: harga kuotasian (tanpa Level 1: quoted prices (unadjusted) in
penyesuaian) di pasar aktif untuk aset active markets for identical assets or
atau liabilitas yang identik yang dapat liabilities which are accessible at the
diakses pada tanggal pengukuran. measurement date.
Tingkat 2: input selain harga kuotasian Level 2: inputs other than quoted
yang termasuk dalam level 1 yang prices included in level 1 that are
dapat diobservasi untuk aset dan observable for the assets and
liabilitas, baik secara langsung atau liabilities, either directly or indirectly.
tidak langsung.
Tingkat 3: input yang tidak dapat Level 3: inputs that are not observable
diobservasi untuk aset dan liabilitas. for the assets and liabilities.
Untuk aset dan liabilitas yang diakui pada For assets and liabilities that are
laporan keuangan konsolidasian secara recognized in the consolidated financial
berulang, Perusahaan dan entitas anaknya statements on recurring basis, the
menentukan apakah terjadi transfer antara Company and its subsidiaries determine
level di dalam hirarki dengan cara whether there is a transfer between levels
mengevaluasi kategori (berdasarkan input in the hierarchy by evaluating categories
level terendah yang signifikan dalam (based on the lowest level input that is
pengukuran nilai wajar) setiap akhir significant to the fair value measurement)
periode pelaporan. at the end of each reporting period.
Perusahaan dan entitas anaknya, untuk The Company and its subsidiaries, for
tujuan pengungkapan nilai wajar, telah purposes of disclosing the fair value, have
menentukan kelas aset dan liabilitas determined the classes of assets and
berdasarkan sifat, karakteristik, risiko aset liabilities based on the nature,
dan liabilitas, dan level hirarki nilai wajar characteristics, risk of assets and
(Catatan 40). liabilities, and the fair value hierarchy
levels (Note 40).
35
Page 331
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Jika pasar untuk instrumen keuangan tidak If a market for a financial instrument is not
aktif, Perusahaan dan entitas anaknya active, the Company and its subsidiaries
menetapkan nilai wajar dengan establish fair value using a valuation
menggunakan teknik penilaian. Teknik technique. Valuation techniques include
penilaian meliputi penggunaan transaksi using the recent arm’s length transactions
pasar terkini yang dilakukan secara wajar between knowledgeable and willing parties
oleh pihak-pihak yang mengerti, (if available), reference to the current fair
berkeinginan (jika tersedia), referensi atas value of other instruments that are
nilai wajar terkini dari instrumen lain yang substantially the same and discounted
secara substansial serupa dan analisis cash flow analysis. The Company and its
arus kas yang didiskonto. Perusahaan dan subsidiaries use their own credit risk
entitas anaknya menggunakan credit risk spreads in determining the fair value for
spread sendiri untuk menentukan nilai their derivative liabilities and all other
wajar dari liabilitas derivatif dan liabilitas liabilities for which they have elected the
lainnya yang telah ditetapkan fair value option.
menggunakan opsi nilai wajar.
Ketika terjadi kenaikan di dalam credit When the Company and its subsidiaries’
spread, Perusahaan dan entitas anaknya credit spread widens, the Company and its
mengakui keuntungan atas liabilitas subsidiaries recognize a gain on these
tersebut sebagai akibat penurunan nilai liabilities, because the value of the
tercatat liabilitas. Ketika terjadi penurunan liabilities has decreased. When the
di dalam credit spread, Perusahaan dan Company and its subsidiaries’ credit
entitas anaknya mengakui kerugian atas spread become narrow, the Company and
liabilitas tersebut sebagai akibat kenaikan its subsidiaries recognize a loss on these
nilai tercatat liabilitas. liabilities because the value of the liabilities
has increased.
Perusahaan dan entitas anaknya The Company and its subsidiaries use
menggunakan beberapa teknik penilaian widely recognized valuation models for
yang digunakan secara umum untuk determining fair values of financial
menentukan nilai wajar dari instrumen instruments of lower complexity, such as
keuangan dengan tingkat kompleksitas exchange value options and currency
yang rendah, seperti opsi nilai tukar dan swaps. For these financial instruments,
swap mata uang. Input yang digunakan inputs into models are generally market-
dalam teknik penilaian untuk instrumen observable.
keuangan di atas adalah data pasar yang
diobservasi.
Untuk instrumen keuangan yang tidak For financial instruments with no quoted
mempunyai harga pasar, estimasi atas nilai market price, a reasonable estimate of the
wajar ditentukan dengan mengacu pada fair value is determined by reference to the
nilai wajar instrumen lain yang fair value of another instrument which
substansinya sama atau dihitung substantially has the same characteristics
berdasarkan ekspektasi arus kas yang or calculated based on the expected cash
diharapkan terhadap aset neto efek-efek flows of the underlying net asset base of
tersebut. the marketable securities.
36
Page 332
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset keuangan dan liabilitas keuangan f. Financial assets and financial liabilities
(lanjutan) (continued)
(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Pada saat nilai wajar dari unlisted equity In cases when the fair value of unlisted
instruments tidak dapat ditentukan dengan equity instruments cannot be determined
handal, instrumen tersebut dinilai sebesar reliably, the instruments are carried at cost
biaya perolehan dikurangi dengan less impairment value. The fair value for
penurunan nilai. Nilai wajar atas kredit loans and receivables as well as liabilities
yang diberikan dan piutang, serta liabilitas to banks and customers are determined
kepada bank dan nasabah ditentukan using a present value model on the basis
menggunakan nilai berdasarkan arus kas of contractually agreed cash flows, taking
kontraktual, dengan mempertimbangkan into account credit quality, liquidity and
kualitas kredit, likuiditas dan biaya. costs.
Aset keuangan yang dimiliki atau liabilitas Financial assets held or liabilities to be
yang akan diterbitkan diukur dengan issued are measured at bid price; financial
menggunakan harga penawaran; aset assets acquired or liabilities to be held are
keuangan dimiliki atau liabilitas yang akan measured at ask price. Where the
diterbitkan diukur menggunakan harga Company and its subsidiaries have assets
permintaan. Jika Perusahaan dan entitas and liabilities positions with off-setting
anaknya memiliki posisi aset dan liabilitas market risk, middle market prices can be
dimana risiko pasarnya saling hapus, maka used to measure the off-setting risk
nilai tengah dari pasar dapat dipergunakan positions and bid or ask price adjustment is
untuk menentukan posisi risiko yang saling applied to the net open positions as
hapus tersebut dan menerapkan appropriate.
penyesuaian tersebut terhadap harga
penawaran atau harga permintaan
terhadap posisi terbuka neto (net open
position), mana yang lebih sesuai.
(x) Perbedaan hari pertama (x) Day 1 (one) difference
Pada saat nilai transaksi berbeda dengan When the transaction price differs from the
nilai wajar dari transaksi pasar lainnya fair value of other observable current
yang dapat diobservasi saat ini atas market transactions in the same instrument
instrumen yang sama atau berdasarkan or based on a valuation technique whose
teknik penilaian yang hanya menggunakan variables include only data from
variabel data dari pasar yang dapat observable markets, the Company and its
diobservasi, Perusahaan dan entitas subsidiaries immediately recognize the
anaknya secara langsung mengakui difference between the transaction price
perbedaan antara nilai transaksi dan nilai and fair value (a ‘Day 1’ profit or loss) in the
wajar (“1 hari” keuntungan atau kerugian) consolidated statement of comprehensive
pada laporan laba rugi komprehensif income.
konsolidasian.
Jika nilai wajar ditentukan berdasarkan In cases where fair value is determined
data yang tidak dapat diobservasi, maka using data which is not observable, the
perbedaan antara nilai transaksi dan nilai difference between the transaction price
model hanya dapat diakui pada laporan and model value is only recognized in the
laba rugi komprehensif konsolidasian pada consolidated statement of comprehensive
saat data menjadi dapat diobservasi atau income when the inputs become
pada saat instrumen tersebut tidak diakui observable, or when the instrument is
lagi. derecognized.
37
Page 333
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
g. Kas dan setara kas g. Cash and cash equivalents
Kas dan setara kas terdiri dari kas, kas di bank Cash and cash equivalents consist of cash on
dan deposito berjangka jangka pendek yang hand, cash in banks, and all unpledged and
jatuh tempo dalam waktu tiga bulan atau kurang unrestricted short-term deposits with maturities
sejak tanggal perolehan, yang tidak dijaminkan of three months or less from acquisition date.
serta tidak dibatasi penggunaannya.
h. Portofolio efek h. Marketable securities
Portofolio efek diklasifikasikan, diakui, dan Marketable securities are classified,
diukur dalam laporan keuangan konsolidasian recognized, and measured in the consolidated
berdasarkan kebijakan akuntansi yang financial statements in accordance with
diungkapkan dalam Catatan 2f atas laporan accounting policies disclosed in Note 2f to the
keuangan konsolidasian. consolidated financial statements.
Nilai wajar portofolio efek utang ditetapkan Fair value of debt securities is based on bid
berdasarkan harga penawaran di pasar aktif price in an active market at consolidated
pada tanggal laporan keuangan konsolidasian. statement of financial position date.
Investasi reksa dana dan dana kelolaan Investments in mutual funds and managed fund
berdasarkan kontrak bilateral yang on bilateral contract basis classified as held for
diklasifikasikan sebagai diperdagangkan trading are stated at the net assets value of the
disajikan sebesar nilai aset bersih reksa dana mutual funds and managed fund on bilateral
dan dana kelolaan berdasarkan kontrak contract basis at the consolidated statement
bilateral tersebut pada tanggal laporan posisi of financial position date as calculated by
keuangan konsolidasian yang dihitung oleh custodian bank.
bank kustodian.
Penurunan nilai atas portofolio efek (utang efek) Impairment losses of marketable securities
diakui menggunakan metodologi yang (debt securities) are recognized using
diungkapkan dalam Catatan 2f atas laporan methodology disclosed in Note 2f to the
keuangan konsolidasian. consolidated financial statements.
Premi dan diskonto diamortisasi dengan Premium and discount are amortized using
menggunakan metode suku bunga efektif. effective interest rate method.
i. Transaksi portofolio efek i. Securities transactions
Transaksi pembelian dan penjualan portofolio Purchased and sales of securities both for
efek baik untuk nasabah maupun untuk sendiri customers (securities brokerage transactions)
diakui dalam laporan keuangan Perusahaan and the Company and its subsidiaries’
dan entitas anaknya pada saat timbulnya portofolio are recognized when the transactions
perikatan atas transaksi portofolio efek. are made.
Pembelian portofolio efek untuk nasabah Purchases of securities for the interest of
pemilik rekening dicatat sebagai piutang customers are recorded as receivables from
nasabah dan utang lembaga kliring dan customers and payable to the clearing and
penjaminan, sedangkan penjualan portofolio guarantee institution, while sales of such
efek dicatat sebagai utang pada nasabah dan securities are recorded as payable to
piutang dari lembaga kliring dan penjaminan. customers and receivables from clearing and
guarantee institutions.
38
Page 334
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Transaksi portofolio efek (lanjutan) i. Securities transactions (continued)
Nasabah pemilik rekening dan nasabah Account owner’s customers and institutional
kelembagaan yang memiliki rekening efek customers with securities account settle their
melakukan penyelesaian nilai transaksi secara receivables and payables due on the same date
neto untuk piutang dan utang yang jatuh tempo in net basis, therefore the receivables and
di hari yang sama, oleh karena penyajian payables are presented in net basis.
piutang dan utang disajikan secara neto.
Nasabah kelembagaan yang tidak memiliki Institutional customers without securities
rekening efek melakukan penyelesaian account settle their receivables and payables in
transaksi secara bruto. Penyajian piutang dan gross basis. The receivables and payables are
utang untuk nasabah disajikan secara bruto. presented in gross amount.
Penerimaan dana dari nasabah pemilik Funds received from customers in connection
rekening dalam rangka pembelian portofolio with securities purchased for their account and
efek dan pembayaran dan penerimaan atas payments and receipts related to purchases
transaksi pembelian dan penjualan untuk and sales of securities on behalf of the
nasabah dicatat pada rekening nasabah. customers are recorded as customers’
accounts.
Pada tanggal penyelesaian, pembelian On settlement date, failure in the settlement of
portofolio efek yang tidak dapat diselesaikan securities purchased is recorded as “failure to
dicatat sebagai “akun gagal terima” dan receive account” and presented in the
disajikan di laporan posisi keuangan consolidated statement of financial position as
konsolidasian sebagai liabilitas. Transaksi a liability, while failure in settlement of securities
penjualan portofolio efek yang tidak dapat sold is recorded as “failure to deliver account”
diselesaikan dicatat sebagai “akun gagal serah” and presented in the consolidated statement of
dan disajikan di laporan posisi keuangan financial position as an asset.
konsolidasian sebagai aset.
Penerimaan uang pemesanan portofolio efek Funds received for securities subscription in
dalam rangka penjaminan emisi portofolio efek relation to underwriting are recognized and
diakui dan disajikan tersendiri sebagai aset dan separately presented as assets and liabilities.
liabilitas.
Piutang transaksi repo diklasifikasikan sebagai Receivables from repo transactions are
aset keuangan yang diukur pada biaya classified as financial assets measured at
perolehan dan amortisasi. amortized cost.
Piutang transaksi repo disajikan sebagai aset Receivables from repo transactions are
dalam laporan posisi keuangan konsolidasian, presented as assets in the consolidated
sebesar jumlah penjualan kembali dikurangi statements of financial position, at the resale
dengan pendapatan bunga yang belum price net of unamortized interest income and
diamortisasi dan cadangan kerugian penurunan allowance for impairment losses. The
nilai. Selisih antara harga beli dan harga jual difference between the purchase price and the
kembali diperlakukan sebagai pendapatan resale price is treated as unearned interest
bunga yang ditangguhkan, dan diakui sebagai income, and recognized as income over the
pendapatan selama periode sejak efek-efek period starting from when those securities are
tersebut dibeli hingga dijual menggunakan suku purchased until they are sold using effective
bunga efektif. interest rate method.
39
Page 335
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Penyertaan saham j. Investment in shares
Penyertaan saham diklasifikasikan sebagai Investment in shares classified as financial
aset keuangan diukur pada nilai wajar melalui asset fair value through other comprehensive
penghasilan komprehensif lain. income.
Penyertaan ini memberikan hak pada This investment grants the Company the right to
Perusahaan untuk menjalankan usaha di bursa. operate in the stock exchange. According to
Sesuai peraturan Bursa Efek Indonesia, Bursa Indonesian Stock Exchange regulation,
Efek Indonesia wajib membeli kembali investasi Indonesian Stock Exchange is required to
tersebut pada biaya perolehannya. buyback the investment at cost.
k. Aset tetap k. Fixed assets
Aset tetap disajikan sebesar harga perolehan Fixed assets are stated at cost less
setelah dikurangi akumulasi penyusutan. accumulated depreciation. The Company and
Perusahaan dan entitas anaknya menerapkan its subsidiaries apply the cost model in
model biaya setelah pengakuan awal aset subsequent recognition for their property and
tetap. Aset tetap disusutkan sejak bulan ketika equipment. Fixed assets are depreciated from
aset tersebut digunakan dengan metode garis the month of the assets are placed in service on
lurus (straight-line method) berdasarkan the straight-line method based on the estimated
taksiran masa manfaat ekonominya sebagai economic useful lives of the assets as follows:
berikut:
Tahun/Years
Bangunan 20 Buildings
Renovasi gedung sewa 5 Leasehold improvements
Kendaraan bermotor 5 Motor vehicles
Perabotan dan peralatan kantor 5 Office equipments
Biaya perbaikan dan pemeliharaan dibebankan The cost of repairs and maintenance is charged
pada saat terjadinya; pemugaran dan to expense as incurred; significant renewals or
peningkatan daya guna dalam nilai signifikan betterments are capitalized. When assets are
dikapitalisasi. Pada saat aset tetap sudah tidak retired or otherwise disposed of, their carrying
digunakan lagi atau dijual, nilai buku dan value and the related accumulated depreciation
akumulasi penyusutan dari aset tetap tersebut are removed from the accounts and any
dikeluarkan dari akun aset tetap dan resulting gain or loss is reflected in the current
keuntungan atau kerugian yang terjadi diakui year’s consolidated statement of
dalam laporan laba rugi komprehensif comprehensive income.
konsolidasian tahun berjalan.
Perubahan umur ekonomis yang diperkirakan Changes in the expected useful lives are
dihitung dengan mengubah masa penyusutan accounted for by changing the depreciation
yang dibutuhkan dan diperlakukan sebagai period, as appropriate, and treated as changes
perubahan estimasi akuntansi. in accounting estimates.
l. Aset tak berwujud l. Intangible assets
Perangkat lunak komputer terdiri dari biaya Computer software contain to the acquisition
perolehan yang meliputi biaya langsung yang cost includes all direct costs related to the
berkaitan dengan persiapan aset yang preparation of such asset for its intended use is
ditujukan untuk digunakan, ditangguhkan dan deferred and amortized using straight-line
diamortisasi menggunakan metode garis lurus method over 5 and 8 years. The Company and
selama 5 dan 8 tahun. Perusahaan dan entitas its subsidiaries apply the cost model in
anaknya menerapkan model biaya setelah subsequent recognition for their intangible
pengakuan awal aset tak berwujud. assets.
40
Page 336
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset tak berwujud (lanjutan) l. Intangible assets (continued)
Estimasi masa manfaat dan metode amortisasi The estimated useful lives and amortization
direviu minimum setiap akhir tahun buku, dan method are reviewed at least each year end,
pengaruh dari setiap perubahan estimasi with the effect of any changes in estimate
akuntansi diterapkan secara prospektif. accounted for on a prospective basis.
Aset tak berwujud tidak diakui pada saat An intangible asset is derecognized on
pelepasan, atau apabila tidak terdapat manfaat disposal, or when no future economic benefits
ekonomis masa datang diharapkan dari are expected from use or disposal. Gain or
penggunaan atau pelepasan. Keuntungan atau losses arising from derecognition of intangible
kerugian yang timbul dari tidak diakuinya aset asset, measured as the difference between the
tak berwujud, diukur sebagai selisih antara hasil net disposal proceeds and the carrying amount
pelepasan dan nilai tercatat aset, diakui dalam of the asset, are recognized in profit or loss
laba rugi ketika aset dilepas. when the asset is derecognized.
m. Penurunan nilai atas aset keuangan dan m. Impairment losses on financial assets and
non - keuangan non - financial assets
Penurunan nilai atas aset keuangan Impairment on financial assets
Perusahaan dan entitas anaknya telah The Company and its subsidiaries have been
mencatat cadangan untuk kerugian kredit recording the allowance for expected credit
ekspektasian yang ditaksir atas seluruh piutang losses for all receivables and financial assets
yang diberikan dan aset keuangan yang tidak not held at fair value through profit or loss,
dimiliki pada nilai wajar melalui laba rugi, together with receivable commitments and
bersama dengan komitmen atas piutang yang financial guarantee contracts, in this section all
diberikan dan kontrak garansi keuangan, dalam referred to as financial instruments. Equity
hal ini dirujuk sebagai instrumen keuangan. instruments are not subject to impairment under
Instrumen ekuitas tidak dikenakan penurunan SFAS 109.
nilai berdasarkan PSAK 109.
Cadangan atas kerugian kredit ekspektasian The expected credit loss allowance is based on
adalah berdasarkan atas kerugian the credit losses expected to arise over the life
ekspektasian sepanjang umur aset (the lifetime of the asset (the lifetime expected credit loss),
expected credit loss), kecuali tidak terdapat unless there has been no significant increase in
kenaikan yang signifikan dalam risiko kredit credit risk since origination, in which case, the
sejak awal, dimana dalam hal ini, cadangan allowance is based on the 12 months’ expected
adalah berdasarkan kerugian kredit credit loss.
ekspektasian dalam jangka waktu 12 bulan.
Kerugian yang diharapkan sepanjang umur Both the lifetime expected credit loss and
aset dan kerugian kredit ekspektasian dalam 12 months’ expected credit loss are calculated
jangka waktu 12 bulan dihitung baik secara on either an individual basis or a collective
individual maupun kolektif, tergantung kepada basis, depending on the nature of the
sifat portofolio instrumen keuangan yang underlying portfolio of financial instruments.
mendasarinya.
41
Page 337
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Penurunan nilai atas aset keuangan dan m. Impairment losses on financial assets and
non - keuangan (lanjutan) non - financial assets (continued)
Penurunan nilai atas aset keuangan (lanjutan) Impairment on financial assets (continued)
Perusahaan dan entitas anaknya menghitung The Company and its subsidiaries calculate
kerugian kredit ekspektasian berdasarkan tiga expected credit loss based on three probability-
skenario yang tertimbang menurut weighted scenarios to measure the expected
kemungkinan terjadinya untuk mengukur cash shortfalls, discounted at an approximation
kekurangan kas yang diharapkan, to the effective interest rate. A cash shortfall is
didiskontokan pada suatu estimasi terhadap the difference between the cash flows that are
suku bunga efektif. Kekurangan kas adalah due to an entity in accordance with the contract
selisih antara arus kas yang harus dibayar and the cash flows that the entity expects to
kepada suatu entitas berdasarkan kontrak dan receive.
arus kas dari entitas bersangkutan yang
diharapkan untuk diperoleh.
Perusahaan dan entitas anaknya telah The Company and its subsidiaries have
menyusun suatu kebijakan untuk melakukan established a policy to perform an assessment
suatu penilaian pada akhir setiap periode at the end of each reporting period, of whether
pelaporan, mengenai apakah risiko kredit suatu a financial instrument’s credit risk has increased
aset keuangan telah meningkat secara significantly since initial recognition, by
signifikan sejak pengakuan awal, dengan considering the change in the risk of default
mempertimbangkan perubahan pada risiko occurring over the remaining life of the financial
gagal bayar yang terjadi sepanjang sisa umur instrument.
instrumen keuangan.
Berdasarkan proses di atas, Perusahaan dan Based on the above process, the Company and
entitas anaknya mengelompokkan kredit yang its subsidiaries group its loans into Stage 1,
diberikan ke dalam Stage 1, Stage 2, dan Stage Stage 2 and Stage 3, as described below:
3, sebagaimana dijelaskan dalam berikut ini:
Stage 1: Kerugian kredit ekspektasian Stage 1: The 12 months’ expected credit
dalam jangka waktu 12 bulan dihitung loss is calculated as the portion of the
sebagai bagian dari kerugian yang lifetime expected credit losses that
diharapkan sepanjang umur aset yang represent the expected credit loss that
merepresentasikan kerugian kredit result from default events on a financial
ekspektasian yang berasal dari peristiwa instrument that are possible within the 12
gagal bayar pada instrumen keuangan months after the reporting date.
yang mungkin terjadi dalam jangka waktu
12 bulan setelah tanggal pelaporan.
42
Page 338
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Penurunan nilai atas aset keuangan dan m. Impairment losses on financial assets and
non - keuangan (lanjutan) non - financial assets (continued)
Penurunan nilai atas aset keuangan (lanjutan) Impairment on financial assets (continued)
Perusahaan dan entitas anaknya The Company and its subsidiaries
menghitung cadangan atas kerugian kredit calculate the 12 months’ expected credit
ekspektasian dalam jangka waktu 12 bulan loss allowance based on the expectation of
berdasarkan ekspektasi gagal bayar yang a default occurring in the 12 months
terjadi dalam jangka waktu 12 bulan sejak following the reporting date. These
tanggal pelaporan. Probabilitas gagal expected 12 months default probabilities
bayar yang diekspektasikan dalam jangka are applied to a forecast exposure at
waktu 12 bulan diterapkan kepada prakira defaults and multiplied by the expected
exposure of default dan dikalikan dengan loss given defaults and discounted by an
perkiraan loss given default dan approximation to the original effective
didiskontokan dengan estimasi terhadap interest rate. This calculation represents
suku bunga efektif awal. Perhitungan ini each of the three scenarios, as will be
merepresentasikan setiap dari tiga explained later.
skenario, sebagaimana akan dijelaskan
kemudian.
Stage 2: Ketika piutang yang diberikan Stage 2: When a receivable has shown
telah menunjukkan suatu peningkatan a significant increase in credit risk since
risiko kredit yang signifikan sejak awal, origination, the Company and its
Perusahaan dan entitas anaknya mencatat subsidiaries record an allowance for the
cadangan atas kerugian kredit lifetime expected credit loss. The
ekspektasian sepanjang umur. Mekanisme mechanics are similar to those explained
pada tahap ini serupa dengan mekanisme above, including the use of multiple
yang telah dijelaskan di atas, termasuk scenarios with expected credit losses
penggunaan beberapa skenario, dengan reflecting remaining life of the instrument.
kerugian kredit ekspektasian The expected cash shortfalls are
merefleksikan sisa umur instrumen. discounted by an approximation to the
Kekurangan kas yang diharapkan original effective interest rate. The
didiskontokan dengan perkiraan atas suku Company and its subsidiaries consider an
bunga efektif awal. Perusahaan dan entitas exposure to have significant increase in
anaknya mempertimbangkan suatu credit risk when there are contractual
eksposur mengalami kenaikan secara payments more than 2 days past due,
signifikan dalam risiko kredit ketika decrease in collateral ratio, or moving
terdapat pembayaran kontraktual a customer/facility to the watch list.
menunggak melebihi 2 hari, penurunan
rasio jaminan, atau memindahkan
nasabah/fasilitas ke daftar watch list.
Stage 3: Piutang yang diberikan Stage 3: For receivables considered credit-
dipertimbangkan yang mengalami impaired, the Company and its subsidiaries
penurunan nilai, Perusahaan dan entitas recognize the lifetime expected credit
anaknya mencatat suatu penyisihan atas losses for these loans collectively or
kerugian ekspektasian sepanjang umur individuallly.
pinjaman secara kolektif atau individual.
43
Page 339
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Penurunan nilai atas aset keuangan dan m. Impairment losses on financial assets and
non - keuangan (lanjutan) non - financial assets (continued)
Penurunan nilai atas aset keuangan (lanjutan) Impairment on financial assets (continued)
Untuk aset keuangan dimana Perusahaan For financial assets for which the Company
dan entitas anaknya tidak memliki and its subsidiaries have no reasonable
ekspektasi pemulihan yang wajar, baik dari expectations of recovering either the entire
seluruh atau sebagian nilai terutang, nilai outstanding amount, or a proportion there
tercatat bruto dari aset keuangan tersebut of, the gross carrying amount of the
berkurang. Hal ini dianggap sebagai financial asset is reduced. This is
penghentian pengakuan (sebagian) aset considered a (partial) derecognition of the
keuangan. financial asset.
Dalam model kerugian kredit ekspektasian, In its expected credit loss models, the Company
Perusahaan dan entitas anaknya berpedoman and its subsidiaries rely on a broad range of
terhadap berbagai kisaran informasi forward- forward-looking information as economic
looking sebagai masukan ekonomis, yaitu inputs, which is Indonesia Stock Exchange
Indeks Harga Saham Gabungan (IHSG) Bursa (IDX) Composite Stock Price Index.
Efek Indonesia (BEI).
Definisi gagal bayar dan pulih Definition of default and cure
Perusahaan dan entitas anaknya The Company and its subsidiaries consider
mempertimbangkan instrumen keuangan gagal a financial instrument defaulted and therefore
bayar (default) dan oleh karena itu Stage 3 Stage 3 (credit impaired) for expected credit
(penurunan kredit) untuk perhitungan kerugian loss calculations in all cases when:
kredit ekspektasiannya adalah ketika:
peminjam/nasabah reguler menunggak 2 the borrower/reguler customer becomes 2
hari lewat dari pembayaran kontraktualnya. days past due on its contractual payments.
peminjam/nasabah margin memiliki nilai the borrower/margin customer has
rasio piutang dibandingkan dengan nilai a receivable ratio value compared to the
saham jaminannya lebih besar dari 75% collateral shares value greater than 75% or
atau saham jaminannya disuspensi. the collateral shares suspended.
peminjam/nasabah yang melakukan the borrower/customer who enters into
perjanjian jual dan beli kembali memiliki a repo agreement has a receivable ratio
nilai rasio piutang dibandingkan dengan value compared to the collateral share
nilai saham jaminannya lebih besar dari value greater than 75% or the collateral
75% atau saham jaminannya disuspensi. shares suspended.
peminjam/nasabah/counterparty yang borrowers/customers/counterparty who
melakukan piutang lainnya menunggak 90 make other receivables are 90 days in
hari lewat dari pembayaran kontraktualnya. arrears from the contractual payments.
Merupakan kebijakan Perusahaan dan entitas It is the Company and its subsidiaries’s policy to
anaknya untuk mempertimbangkan apakah consider a financial instrument as ‘cured’ and
instrumen keuangan dipulihkan dan oleh therefore re-classified out of Stage 3 when none
karena itu diklasifikasi keluar dari Stage 3 ketika of the default criteria have been present for
tidak ada kriteria gagal bayar selama periode certain periods. The decision whether to classify
tertentu. Keputusan untuk mengklasifikasikan an asset as Stage 2 or Stage 1 once cured
aset sebagai Stage 2 atau Stage 1 setelah pulih depends on the updated credit grade, at the
tergantung pada tingkat kredit terkini. pada time of the cure, and whether this indicates that
waktu pulih, dan hal ini mengindikasikan there has been a significant increase in credit
adanya kenaikan signifikan pada risiko kredit risk compared to initial recognition.
yang dibandingkan pada saat pengakuan awal.
44
Page 340
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Penurunan nilai atas aset keuangan dan m. Impairment losses on financial assets and
non - keuangan (lanjutan) non - financial assets (continued)
Proses estimasi probability of defaults Probability of defaults estimation process
Divisi Manajemen Risiko Perusahaan The Company’s Risk Management Division
menggunakan data-data historis nasabah untuk uses historical data from customers to
menentukan probability of defaults. Probability determine the probability of defaults. PDs are
of defaults kemudian dipakai untuk perhitungan then used for SFAS 109 expected credit loss
kerugian kredit ekspektasian PSAK 109 dan calculations and the SFAS 109 Stage
klasifikasi Stage PSAK No. 109 atas eksposur. classification of the exposure.
Loss given default Loss given default
Penilaian risiko kredit didasarkan atas kerangka The credit risk assessment is based on a loss
penilaian loss given defaults yang given default assessment framework that
menghasilkan tingkat loss given defaults results in a certain loss given default rate.
tertentu. Tingkat loss given defaults ini These loss given default rates take into account
mempertimbangkan ekspektasi exposure at the expected exposure at defaults in
defaults dengan perbandingan terhadap comparison to the amount expected to be
ekspektasi nilai terpulihkan atau terealisasikan recovered or realised from any collateral held.
dari berbagai agunan yang dimiliki.
Exposure at default Exposure at default
Exposure at default merepresentasikan nilai The exposure at default represents the gross
tercatat bruto instrumen keuangan dan credit carrying amount and credit conversion factor of
conversion factor yang bergantung pada the financial instruments subject to the
penurunan nilai, menangani kemampuan impairment calculation, addressing both the
nasabah untuk meningkatkan eksposurnya client’s ability to increase its exposure while
pada saat mendekati gagal bayar (default). approaching default.
Nilai tercatat aset keuangan diturunkan melalui The carrying amount of the asset is reduced
akun cadangan dan jumlah kerugian yang through the use of an allowance account and
terjadi diakui pada laporan laba rugi dan the amount of the loss is recognized in the
penghasilan komprehensif lain. Pendapatan statement of profit or loss and other
bunga tetap diakui atas nilai tercatat yang telah comprehensive income. Interest income
diturunkan tersebut berdasarkan tingkat suku continues to be accrued on the reduced
bunga efektif awal yang digunakan untuk carrying amount and is accrued using the rate
mendiskonto arus kas masa datang dari aset of interest used to discount the future cash
tersebut untuk tujuan pengukuran penurunan flows for the purpose of measuring impairment
nilai. loss.
Jika pada periode berikutnya, jumlah estimasi If, in subsequent period, the amount of the
kerugian penurunan nilai meningkat atau estimated impairment loss increases or
menurun karena peristiwa yang terjadi setelah decreases because of an event occurring after
pengakuan kerugian penurunan nilai, maka the impairment was recognized, the previously
kerugian penurunan nilai yang sudah diakui recognized impairment loss is increased or
sebelumnya dinaikkan atau diturunkan dengan reduced by adjusting the allowance account.
menyesuaikan akun cadangan.
45
Page 341
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Penurunan nilai atas aset keuangan dan m. Impairment losses on financial assets and
non - keuangan (lanjutan) non - financial assets (continued)
Exposure at default (lanjutan) Exposure at default (continued)
Aset keuangan dan cadangan yang terkait Financial assets together with the associated
dihapuskan jika tidak ada peluang yang realistis allowance are written-off when there is no
untuk pengembalian di masa yang akan datang realistic prospect of future recovery when the
ketika Perusahaan dan entitas anaknya tidak Company and its subsidiaries have no
memiliki ekspektasi yang wajar untuk reasonable expectations of recovering the
memulihkan arus kas kontraktual atas aset contractual cash flows on a financial asset in its
keuangan secara keseluruhan atau sebagian. entirety or portion thereof is recorded as
yang dicatat sebagai pengurang akun a reduction of allowance for impairment loss
cadangan kerugian penurunan nilai di laporan account in the statement of profit or loss and
laba rugi dan penghasilan komprehensif lain. other comprehensive income.
n. Aset hak-guna dan liabilitas sewa n. Right-of-use assets and lease liabilities
Perusahaan dan entitas anaknya mengakui The Company and its subsidiaries recognize
aset hak-guna pada tanggal dimulainya sewa. right-of-use assets at the inception date of the
Aset hak-guna diukur pada biaya perolehan, lease. Right-of-use assets are measured at
dikurangi akumulasi penyusutan dan kerugian cost, less accumulated depreciation and
penurunan nilai, dan disesuaikan untuk setiap impairment losses, and adjusted for any
pengukuran kembali utang sewa. Liabilitas remeasurement of the lease payable. Lease
sewa merupakan jumlah pembayaran sewa liabilities are the amount of lease payments
yang masih harus dibayar hingga akhir masa accrued until the end of the lease term,
sewa yang didiskontokan dengan discounted using the incremental loan interest
menggunakan suku bunga pinjaman rate. The cost of lease assets includes the
inkremental. Biaya aset hak-guna mencakup amount of lease liabilities recognized, initial
jumlah liabilitas sewa yang diakui, biaya direct costs paid, recovery costs and lease
langsung awal yang dibayarkan, biaya payments made on or before the start date of
pemulihan dan pembayaran sewa yang the lease less lease incentives received. Right-
dilakukan pada atau sebelum tanggal mulai of-use assets are depreciated using the
sewa dikurangi insentif sewa yang diterima. straight-line method over the shorter period
Aset hak-guna disusutkan dengan metode garis between the lease term and the estimated
lurus selama jangka waktu yang lebih pendek useful life of the asset.
antara masa sewa dengan estimasi masa
manfaat aset.
Pada tanggal dimulainya sewa, Perusahaan At the inception date of the lease, the Company
dan entitas anaknya mengakui liabilitas sewa and its subsidiaries recognize lease liabilities at
yang diukur pada nilai kini dari pembayaran the present value of future lease payments that
sewa masa depan yang akan dilakukan selama will be made over the lease term. Lease
masa sewa. Pembayaran sewa termasuk payments include fixed payments (including
pembayaran tetap (termasuk pembayaran tetap substantially fixed payments) less lease
secara-substansi) dikurangi piutang insentif incentive receivables, variable lease payments
sewa, pembayaran sewa variabel yang that are index or interest rate dependent, and
bergantung pada indeks atau suku bunga, dan the amount expected to be paid in a residual
jumlah yang diharapkan akan dibayar dalam value guarantee. Lease payments also include
jaminan nilai residu. Pembayaran sewa juga the reasonable exercise price for the purchase
termasuk harga eksekusi opsi pembelian yang option if it is determined to be made by the
wajar jika dipastikan akan dilakukan oleh Company and its subsidiaries and the payment
Perusahaan dan entitas anaknya dan of a penalty to terminate the lease, if the lease
pembayaran penalti untuk mengakhiri sewa, term reflects the Company and its subsidiaries
jika jangka waktu sewa mencerminkan exercising the lease termination option.
Perusahaan dan entitas anaknya Variable lease payments that are not dependent
46
Page 342
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Aset hak-guna dan utang sewa (lanjutan) n. Right-of-use assets and lease payable
(continued)
mengeksekusi opsi penghentian sewa. on an index or interest rate are recognized as
Pembayaran sewa variabel yang tidak an expense in the period in which the event or
bergantung pada indeks atau suku bunga diakui condition that triggers the payment occurs.
sebagai beban pada periode dimana peristiwa
atau kondisi yang memicu pembayaran terjadi.
Dalam menghitung nilai kini dari pembayaran In calculating the present value of lease
sewa, Perusahaan dan entitas anaknya payments, the Company and its subsidiaries
menggunakan suku bunga pinjaman use the incremental loan interest rate of the
inkremental penyewa pada tanggal dimulainya lessee at the inception date of the lease
sewa karena suku bunga implisit dalam sewa because the interest rate implicit in the
tidak dapat ditentukan. Setelah tanggal lease cannot be determined. After the
dimulainya sewa, jumlah liabilitas sewa commencement date of the lease, the amount
ditingkatkan untuk mencerminkan pertambahan of the lease liability is increased to reflect the
bunga dan dikurangi pembayaran sewa yang increase in interest and less lease payments
dilakukan. Selain itu, jumlah tercatat liabilitas made. In addition, the carrying amount of the
sewa diukur kembali jika terdapat modifikasi, lease liability is remeasured if there are
perubahan jangka waktu sewa, perubahan modifications, changes in the term of the lease,
pembayaran sewa, atau perubahan dalam changes in lease payments, or changes in the
penilaian opsi untuk membeli aset pendasar. valuation of the option to purchase the
underlying asset.
Perusahaan dan entitas anaknya menerapkan The Company and its subsidiaries apply
pengecualian pengakuan sewa jangka pendek recognition exemption short-term leases with a
dengan durasi kurang dari 12 bulan dan sewa duration of less than 12 months and leases of
aset bernilai rendah. Perusahaan dan entitas low value assets. The Company and its
anaknya akan mengakui pembayaran sewa subsidiaries will recognize the payment lease
tersebut dengan dasar garis lurus selama masa on a straight-line basis over the lease term in
sewa dalam laporan laba rugi dan penghasilan the consolidated statement of profit or loss and
komprehensif lain konsolidasian. Beban ini other comprehensive income. This expense is
ditunjukkan pada beban umum dan administrasi shown under general and administrative
dalam laporan laba rugi. expenses in the income statement.
Pencatatan sewa, kecuali sebagaimana yang Leases recording, except as stated in the
disebutkan dalam paragraf sebelumnya. preceding paragraph, are applied as follows:
diterapkan dengan cara sebagai berikut:
a) Menyajikan aset hak-guna sebagai bagian a) Present right-of-use assets as part of
dari aset tetap dan liabilitas sewa disajikan property, plant and equipment and lease
tersendiri dalam laporan posisi keuangan liabilities are presented separately in the
konsolidasian, yang diukur pada nilai kini consolidated statements of financial
dari pembayaran sewa masa depan; position, measured at the present value of
future lease payments;
b) Mencatat penyusutan aset hak-guna dan b) Record the depreciation of the right-of-use
bunga atas liabilitas sewa dalam laporan assets and interest on the lease liabilities in
laba rugi dan penghasilan komprehensif the consolidated statement of profit or loss
konsolidasian; dan and comprehensive income; and
c) Memisahkan jumlah total pembayaran ke c) Separating the total payment into principal
bagian pokok (disajikan dalam kegiatan (presented in financing activities) and
pendanaan) dan bunga (disajikan dalam interest (presented in operating activities)
kegiatan operasional) dalam laporan arus in the consolidated statement of cash
kas konsolidasian. flows.
47
Page 343
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Liabilitas imbalan kerja o. Employee benefits liabilities
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, Short-term employee benefits such as wages,
iuran jaminan sosial, cuti jangka pendek, bonus social security contributions, short-term
dan imbalan non-moneter lainnya diakui selama compensated leaves, bonuses and other non-
periode jasa diberikan. Imbalan kerja jangka monetary benefits are recognized during the
pendek diukur sebesar jumlah yang tidak period when services have been rendered.
didiskontokan. Short-term employee benefits are measured
using undiscounted amounts.
Imbalan pasca-kerja dan imbalan kerja jangka Post-employment benefits and long-term
panjang employment benefits
(i) Imbalan pasca-kerja (i) Post-employment benefits
Perusahaan dan entitas anaknya mengakui The Company and its subsidiaries recognize
liabilitas imbalan kerja karyawan yang tidak an unfunded provision for employee service
didanai berdasarkan Undang-undang Cipta entitlements in accordance with Job
Kerja No. 6/2023 dan peraturan Creation Act No. 6/2023 and the Company’s
ketenagakerjaan Perusahaan. employment regulations.
Perusahaan dan entitas anaknya The Company and its subsidiaries adopted
menerapkan PSAK 219, “Imbalan Kerja”, SFAS 219, “Employee Benefits”, the
Perusahaan dan entitas anaknya Company and its subsidiaries adopt
menerapkan pengakuan langsung atas immediate recognition of actuarial
keuntungan/kerugian aktuaria yang terjadi gains/losses in the year in which they occur
pada tahun berjalan ke dalam penghasilan in other comprehensive income.
komprehensif lain.
Liabilitas imbalan pasti yang diakui di The liability recognized in the consolidated
laporan posisi keuangan konsolidasian statement of financial position is the defined
adalah nilai kini liabilitas imbalan dikurangi benefit obligation less the fair value of the
nilai wajar aset program. Liabilitas imbalan plan assets. The present value of defined
pasti dihitung setiap tahun oleh aktuaris benefit obligation is calculated annually by
independen menggunakan metode an independent actuary using the projected
projected unit credit. Nilai kini liabilitas unit credit method. The present value of
imbalan pasti ditentukan dengan a defined benefit obligation is determined by
mendiskontokan estimasi arus kas keluar discounting the estimated future cash
masa depan dengan menggunakan tingkat outflows using interest rates of high quality
bunga obligasi perusahaan berkualitas corporate bonds that are denominated in the
tinggi dalam mata uang yang sama dengan currency in which the benefit will be fully
mata uang imbalan yang akan dibayarkan paid and that have the terms to maturity
dan waktu jatuh tempo yang kurang lebih approximating the terms of the related
sama dengan waktu jatuh tempo imbalan pension liability.
yang bersangkutan.
Keuntungan dan kerugian aktuarial diakui Actuarial gains and losses are recognized
secara langsung dalam laporan posisi immediately in the statement of financial
keuangan melalui penghasilan position through other comprehensive
komprehensif lain dalam periode dimana income in the period in which they occur.
mereka terjadi. Pengukuran kembali tidak Re-measurements are not reclassified to
direklasifikasi ke laporan laba rugi pada profit or loss in subsequent periods.
periode berikutnya.
48
Page 344
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Liabilitas imbalan kerja o. Employee benefits liabilities
Imbalan pasca-kerja dan imbalan kerja jangka Post-employment benefits and long-term
panjang (lanjutan) employment benefits (continued)
(i) Imbalan pasca-kerja (lanjutan) (i) Post-employment benefits (continued)
Biaya jasa lalu diakui dalam laporan laba Past service costs are recognized in profit or
rugi pada tanggal yang lebih awal antara: loss on the earlier of:
a. ketika amandemen atau kurtailmen a. the date of the plan amendment or
program terjadi; dan curtailment; and
b. ketika Perusahaan dan entitas anaknya b. the date that Company and its
mengakui biaya restrukturisasi terkait subsidiaries recognize restructuring-
atau pesangon, related costs,
sehingga biaya jasa lalu yang belum vested therefore, unvested past service cost can no
tidak lagi dapat ditangguhkan dan diakui longer be deferred and recognized over the
selama periode vesting masa depan. future vesting period.
Perusahaan dan entitas anaknya juga The Company and its subsidiaries also have
memiliki dana pensiun iuran pasti melalui a defined contribution plan in the form of
program Dana Pensiun Lembaga Keuangan Dana Pensiun Lembaga Keuangan
(“DPLK”). Perusahaan dan entitas anaknya (“DPLK”). The Company and its subsidiaries
membebankan dalam laporan laba rugi record monthly contribution payment to the
komprehensif konsolidasian pembayaran DPLK as expense in current year’s
iuran bulanan kepada DPLK pada saat consolidated statement of comprehensive
karyawan memberikan jasanya. income at the same time when the
employees rendered their services.
(ii) Imbalan kerja jangka panjang (ii) Long-term employment benefits
Untuk imbalan kerja jangka panjang, PSAK For long-term employment benefits, SFAS
No. 219 (dahulu PSAK No. 24 (Revisi 2013)) No. 219 (formerly SFAS No. 24 (Revised
mengharuskan perlakuan akuntansi yang 2013)) requires an accounting treatment
hampir sama dengan akuntansi untuk similar to that of a defined benefit plan
program manfaat pasti (sebagaimana (as stated in preceding paragraphs), except
disajikan pada paragraf sebelum ini), that the actuarial gains and losses
kecuali bahwa semua keuntungan dan and past-service costs should all be
kerugian aktuaria dan biaya jasa lalu yang recognized immediately in the current
timbul harus diakui sekaligus dalam laporan year’s consolidated statement of profit or
laba rugi dan penghasilan komprehensif lain loss and other comprehensive income.
konsolidasian tahun berjalan.
p. Provisi p. Provisions
Provisi diakui ketika Perusahaan dan entitas Provisions are recognized when the Company
anaknya memiliki kewajiban kini (baik bersifat and its subsidiaries have a present obligation
hukum maupun konstruktif) sebagai akibat (legal or constructive) as a result of a past event
peristiwa masa lalu dan besar kemungkinan and it is probable that the Company and its
Perusahaan dan entitas anaknya diharuskan subsidiaries will be required to settle the
menyelesaikan kewajiban dan estimasi andal obligation, and a reliable estimate can be made
mengenai total kewajiban tersebut dapat of the amount of the obligation.
dilakukan.
49
Page 345
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
p. Provisi (lanjutan) p. Provisions (continued)
Nilai yang diakui sebagai provisi merupakan The amount recognized as a provision is the
estimasi terbaik dan pertimbangan yang best estimate of the consideration required to
diperlukan untuk menyelesaikan provisi settle the obligation at the end of the reporting
pada akhir periode pelaporan, dengan period, taking into account the risks and
memperhatikan unsur risiko dan ketidakpastian uncertainties surrounding the obligation. Where
yang melekat pada kewajiban. Provisi diukur a provision is measured using the cash flows
menggunakan estimasi arus kas untuk estimated to settle the present obligation, its
menyelesaikan kewajiban kini dengan nilai carrying amount is the present value of those
tercatatnya sebesar nilai kini dari arus kas cash flows.
tersebut.
Ketika beberapa atau seluruh manfaat When some or all of the economic benefits
ekonomis untuk penyelesaian provisi yang required to settle a provision are expected to be
diharapkan dapat dipulihkan dari pihak ketiga, recovered from a third party, the receivable is
piutang diakui sebagai aset apabila terdapat recognized as an asset if it is virtually certain
kepastian bahwa penggantian akan dapat that reimbursement will be received and the
diterima dan nilai piutang dapat diukur secara amount of the receivable can be measured
andal. reliably.
q. Pengakuan pendapatan dan beban q. Revenue and expense recognition
Pendapatan Revenue
Pendapatan komisi sebagai perantara Brokerage commission income related to
pedagang portofolio efek diakui pada saat intermediaries for securities trading are
transaksi terjadi. Pendapatan dividen dari recognized on the date of transactions.
portofolio efek saham diakui pada saat emiten Dividends income from shares is recognized
mengumumkan pembayaran dividen. upon declaration by the issuers of the equity
securities.
Pendapatan dari jasa manajer investasi dan Fees from investment manager and financial
jasa penasihat keuangan diakui pada saat jasa advisory services are recognized when the
diberikan sesuai dengan ketentuan dalam services are rendered based on the terms of the
kontrak. contracts.
Pendapatan bunga dari penempatan deposito Interest income from time deposits, investment
berjangka, investasi kontrak pengelolaan dana management contract and others, and margin
dan lainnya, dan piutang marjin diakui ketika receivables are recognized when earned on an
diperoleh berdasarkan basis akrual. accrual basis.
Keuntungan (kerugian) dari perdagangan Gains (losses) on trading of marketable
portofolio efek meliputi keuntungan (kerugian) securities consist of gains (losses) on securities
yang timbul dari penjualan portofolio efek dan sold and unrealized gains (losses) from
keuntungan (kerugian) yang belum direalisasi changes in the fair value of marketable
akibat perubahan nilai wajar portofolio efek. securities.
Jasa penjaminan emisi portofolio efek diakui Underwriting fees are recognized when
pada saat aktivitas penjaminan emisi secara underwriting activities are substantially
substansi telah selesai dan total pendapatan completed and the amount of income has been
telah dapat ditentukan. determined.
50
Page 346
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Pengakuan pendapatan dan beban q. Revenue and expense recognition
(lanjutan) (continued)
Beban Expenses
Beban yang terjadi sehubungan dengan Expenses relating to trading securities of both
perdagangan efek untuk nasabah reguler regular and margin customers, investment
maupun marjin, manajemen investasi dan management and advisory services are
penasihat investasi dibebankan pada saat recognized when incurred.
terjadi.
Beban yang terjadi sehubungan dengan Expenses relating to trading securities of both
perdagangan efek untuk nasabah reguler regular and margin customers, investment
maupun marjin, manajemen investasi dan management and advisory services are
penasihat investasi dibebankan pada saat recognized when incurred.
terjadi.
Beban lainnya diakui atas dasar akrual. Other expenses are recognized on an accrual
basis.
r. Perpajakan r. Taxation
Perusahaan dan entitas anaknya menerapkan The Company and its subsidiaries applied
PSAK 212, “Pajak Penghasilan”. PSAK revisi ini SFAS 212, “Income Taxes”. The revised SFAS
mengatur perlakuan akuntansi untuk pajak prescribes the accounting treatment for income
penghasilan. taxes.
Pajak Final Final Tax
Peraturan perpajakan di Indonesia mengatur Tax regulation in Indonesia determined that
beberapa jenis penghasilan dikenakan pajak certain taxable income is subject to final tax.
yang bersifat final. Pajak final yang dikenakan Final tax applied to the gross value of
atas nilai bruto transaksi tetap dikenakan transactions is applied even when the parties
walaupun atas transaksi tersebut pelaku carrying the transaction recognizing losses.
transaksi mengalami kerugian.
Mengacu pada revisi PSAK 212 yang Referring to revised SFAS 212 as mentioned
disebutkan di atas, pajak final tersebut tidak above, final tax is no longer governed by
termasuk dalam lingkup yang diatur oleh PSAK SFAS 212. Therefore, the Company and its
212. Oleh karena itu, Perusahaan dan entitas subsidiaries have decided to present all of the
anaknya memutuskan untuk menyajikan beban final tax arising from interest of bonds, time
pajak final sehubungan dengan bunga obligasi, deposits and savings as separate line item.
deposito dan tabungan sebagai pos tersendiri.
Perbedaan antara nilai tercatat dari aset The difference between the carrying amount of
revaluasian dan dasar pengenaan pajak a revalued asset and its tax base is a temporary
merupakan perbedaan termporer sehingga difference and gives rise to a deferred tax
menimbulkan liabilitas atau aset pajak liability or asset, except for certain asset such
tangguhan, kecuali untuk aset tertentu seperti as land, which realization is taxed with final tax
tanah yang pada saat realisasinya dikenakan on gross value of transaction.
pajak final yang dikenakan atas nilai bruto
transaksi.
51
Page 347
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Perpajakan (lanjutan) r. Taxation (continued)
Pajak Kini Current Tax
Aset dan liabilitas pajak kini untuk tahun Current income tax assets and liabilities for the
berjalan diukur sebesar jumlah yang current period are measured at the amount
diharapkan dapat direstitusi dari atau expected to be recovered from or paid to the
dibayarkan kepada otoritas perpajakan. taxation authority.
Beban pajak kini ditentukan berdasarkan laba Current tax expense is determined based on
kena pajak tahun berjalan yang dihitung the taxable profit for the year computed using
berdasarkan tarif pajak yang berlaku. the prevailing tax rates.
Kekurangan/kelebihan pembayaran pajak Underpayment/overpayment of income tax are
penghasilan dicatat sebagai bagian dari “Beban presented as part of “Tax Expense - Current” in
Pajak Kini” dalam laporan laba rugi dan the consolidated statement of profit or loss and
penghasilan komprehensif lain konsolidasian. other comprehensive income. The Company
Perusahaan dan entitas anaknya juga and its subsidiaries also presented interest/
menyajikan bunga/denda, jika ada, sebagai penalty, if any, as part of “Tax Expense -
bagian dari “Beban Pajak Kini”. Current”.
Koreksi terhadap liabilitas perpajakan diakui Amendments to tax obligations are recorded
pada saat surat ketetapan pajak diterima atau, when a tax assessment letter is received or, if
jika diajukan keberatan, pada saat keputusan appealed against, when the result of the appeal
atas keberatan ditetapkan. is determined.
Pajak Tangguhan Deferred Tax
Aset dan liabilitas pajak tangguhan diakui Deferred tax assets and liabilities are
menggunakan metode liabilitas atas recognized using the liability method for the
konsekuensi pajak pada masa mendatang yang future tax consequences attributable to
timbul dari perbedaan jumlah tercatat aset dan differences between the carrying amounts of
liabilitas menurut laporan keuangan dengan existing assets and liabilities in the financial
dasar pengenaan pajak aset dan liabilitas pada statements and their respective tax bases at
setiap tanggal pelaporan. each reporting date.
Liabilitas pajak tangguhan diakui untuk semua Deferred tax liabilities are recognized for all
perbedaan temporer kena pajak dan aset pajak taxable temporary differences and deferred tax
tangguhan diakui untuk perbedaan temporer assets are recognized for deductible temporary
yang boleh dikurangkan dan akumulasi rugi differences and accumulated fiscal losses to
fiskal, sepanjang besar kemungkinan the extent that it is probable that taxable profit
perbedaan temporer yang boleh dikurangkan will be available in future years against which
dan akumulasi rugi fiskal tersebut dapat the deductible temporary differences and
dimanfaatkan untuk mengurangi laba kena accumulated fiscal losses can be utilized.
pajak pada masa depan.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of a deferred tax asset is
ulang pada akhir setiap periode pelaporan dan reviewed at the end of each reporting period
diturunkan apabila laba fiskal mungkin tidak and reduced to the extent that it is no longer
memadai untuk mengkompensasi sebagian probable that sufficient taxable profit will be
atau semua manfaat aset pajak tangguhan available to allow the benefit of part or all of that
tersebut. Pada akhir setiap periode pelaporan, deferred tax asset to be utilized. At the end of
Perusahaan dan entitas anaknya menilai each reporting period, the Company and its
kembali aset pajak tangguhan yang tidak diakui. subsidiaries reassess unrecognized deferred
Perusahaan dan entitas anaknya mengakui tax assets. The Company and its subsidiaries
aset pajak tangguhan yang sebelumnya tidak recognize a previously unrecognized deferred
diakui apabila besar kemungkinan bahwa laba tax asset to the extent that it has become
fiskal pada masa depan akan tersedia untuk probable that future taxable profit will allow the
pemulihannya. deferred tax assets to be recovered.
52
Page 348
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Perpajakan (lanjutan) r. Taxation (continued)
Pajak Tangguhan (lanjutan) Deferred Tax (continued)
Pajak tangguhan dihitung dengan Deferred tax is calculated at the tax rates that
menggunakan tarif pajak yang berlaku atau have been enacted or substantively enacted at
secara substansial telah berlaku pada tanggal the reporting date. Changes in the carrying
pelaporan. Perubahan nilai tercatat aset dan amount of deferred tax assets and liabilities due
liabilitas pajak tangguhan yang disebabkan to a change in tax rates are charged to current
oleh perubahan tarif pajak dibebankan pada year operations, except to the extent that they
usaha tahun berjalan, kecuali untuk transaksi- relate to items previously charged or credited to
transaksi yang sebelumnya telah langsung equity.
dibebankan atau dikreditkan ke ekuitas.
Aset dan liabilitas pajak tangguhan disajikan Deferred tax assets and liabilities are offset in
secara saling hapus dalam laporan posisi the consolidated statement of financial position,
keuangan konsolidasian, kecuali aset dan except if they are for different legal entities
liabilitas pajak tangguhan untuk entitas yang consistent with the presentation of current tax
berbeda sesuai dengan penyajian aset dan assets and liabilities.
liabilitas pajak kini.
s. Laba per saham s. Earnings per share
Laba per saham dasar dihitung dengan Earnings per share is computed by dividing
membagi laba tahun berjalan yang income for the year attributable to equity
diatribusikan kepada pemilik entitas induk holders of the parent entity by the weighted
dengan rata-rata tertimbang total saham yang average number of issued and fully paid shares
ditempatkan dan disetor penuh selama tahun during the related year.
yang bersangkutan.
t. Informasi segmen t. Segment information
Informasi segmen diungkapkan untuk Segment information is disclosed to enable
memungkinkan pengguna laporan keuangan users of the consolidated financial statement to
konsolidasian untuk mengevaluasi sifat dan evaluate the nature and financial effects of the
dampak keuangan dari aktivitas bisnis yang business activities in which the Company and
mana Perusahaan dan entitas anaknya terlibat its subsidiaries are involved in and the
dalam lingkungan ekonomi dimana Perusahaan economic environment where the Company
dan entitas anaknya beroperasi. and its subsidiaries operates.
Perusahaan dan entitas anaknya menentukan The Company and its subsidiaries determine
dan menyajikan segmen operasi berdasarkan and present operating segments based on the
informasi yang secara internal diberikan kepada information that is internally provided to the
pengambil keputusan operasional. Pengambil chief operating decision maker. The Company
keputusan operasional Perusahaan adalah and its subsidiaries’ chief operating decision
Direksi. maker is the Board of Directors.
53
Page 349
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Informasi segmen (lanjutan) t. Segment information (continued)
Segmen operasi adalah suatu komponen dari An operating segment is a component of an
entitas: entity:
a) yang terlibat dalam aktivitas bisnis yang a) that engages in business activities from
mana memperoleh pendapatan dan which it may earn revenues and incur
menimbulkan beban (termasuk expenses (including revenues and
pendapatan dan beban terkait dengan expenses relating to transactions with
transaksi dengan komponen lain dari other components of the same entity);
entitas yang sama);
b) hasil operasinya dikaji ulang secara reguler b) whose operating results are reviewed
oleh pengambil keputusan operasional regularly by the entity’s chief operating
perusahaan untuk membuat keputusan decision maker to make decisions about
tentang sumber daya yang dialokasikan resources to be allocated to the segment
pada segmen tersebut dan menilai and assess its performance; and
kinerjanya; dan
c) tersedia informasi keuangan yang dapat c) for which discrete financial information is
dipisahkan. available.
Perusahaan mengungkapkan segmen The Company discloses its operating segments
operasionalnya berdasarkan segmen usaha based on business segments that consist of
yang meliputi perantara perdagangan efek dan brokerage and underwriting, and investment
penjaminan emisi efek, serta kegiatan manajer manager activities. Segment revenues,
investasi. Segmen pendapatan, biaya, hasil, expenses, income, assets and liabilities include
aset dan liabilitas, termasuk bagian yang dapat ítems directly attributable to a segment as well
diatribusikan langsung kepada segmen, serta as those that can be allocated on a reasonable
yang dapat dialokasikan dengan dasar yang basis to that segment.
memadai untuk segmen tersebut
u. Modal saham diperoleh kembali u. Treasury shares
Perusahaan menetapkan metode biaya (cost The Company adopts cost method in recording
method) dalam mencatat modal saham its treasury shares.
diperoleh kembali (treasury shares).
Modal saham diperoleh kembali dicatat sebesar The treasury shares are recorded at its
harga perolehan kembali saham dan disajikan acquisition cost and presented as a contra
sebagai pengurang modal saham dalam equity account in the consolidated statement of
laporan posisi keuangan konsolidasian. Selisih financial position. The excess of proceeds from
lebih penerimaan dari penjualan modal saham future re-sale of treasury stock over the related
yang diperoleh kembali di masa yang akan acquisition cost or vice-versa is accounted for
datang atas biaya perolehan atau sebaliknya, as an addition to or deduction from additional
akan diperhitungkan sebagai penambah atau paid-in capital.
pengurang akun agio saham.
v. Biaya emisi saham v. Shares issuance costs
Beban yang terjadi sehubungan dengan Cost incurred in relation with Limited Public
Penawaran Umum Terbatas dengan Hak Offering with Pre-emptive Rights (Rights Issue)
Memesan Efek Terlebih Dahulu (Rights Issue), is recorded as deduction from the additional
dicatat sebagai pengurang tambahan modal paid-up capital which represents the excess of
disetor, yang merupakan selisih antara nilai funds received from the shareholders over the
yang diterima dari pemegang saham dengan par value of share.
nilai nominal saham.
54
Page 350
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
w. Biaya emisi obligasi w. Bonds issuance costs
Biaya-biaya yang terjadi sehubungan dengan Costs incurred in connnection with the issuance
penerbitan obligasi ditangguhkan dan of bonds are deferred and are being amortized
diamortisasi dengan menggunakan metode using the effective interest rate method over the
suku bunga efektif selama jangka waktu term of the bonds.
obligasi.
Saldo biaya emisi obligasi ditangguhkan dicatat The balance of deferred bonds issuance costs
sebagai pengurang terhadap masing-masing is presented as a deduction from the
saldo utang obligasi. oustanding bonds.
3. PERTIMBANGAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN ESTIMATES, AND ASSUMPTIONS
Dalam menerapkan kebijakan akuntansi In the application of the Company and its
Perusahaan dan entitas anaknya, seperti dijelaskan subsidiaries' accounting policies, which are
dalam Catatan 2 atas laporan keuangan described in Note 2 to consolidated financial
konsolidasian, manajemen diharuskan untuk statements, managements are required to make
membuat pertimbangan, estimasi dan asumsi judgments, estimates and assumptions about the
mengenai nilai tercatat aset dan liabilitas yang tidak carrying amounts of assets and liabilities that are not
tersedia dari sumber lain. Estimasi dan asumsi readily apparent from other sources. The estimates
terkait berdasarkan pengalaman masa lalu dan and associated assumptions are based on historical
faktor lain yang dipertimbangkan menjadi relevan. experience and other factors that are considered to
Realisasi dapat berbeda dengan total yang be relevant. Actual results may differ from these
diestimasi. estimates.
Pertimbangan yang signifikan Significant judgments
a. Usaha yang berkelanjutan a. Going concern
Manajemen telah melakukan penilaian atas The management has assessed that the
kemampuan Perusahaan dan entitas anaknya Company and its subsidiaries’ ability to continue
untuk melanjutkan kelangsungan usahanya as a going concern and believes that the
dan berkeyakinan bahwa Perusahaan dan Company and its subsidiaries have the
entitas anaknya memiliki sumber daya untuk resources to continue their business in the
melanjutkan usahanya di masa mendatang. future.
Selain itu, manajemen tidak mengetahui In addition, management was not aware of any
adanya ketidakpastian material yang dapat material uncertainty which may cast significant
menimbulkan keraguan yang signifikan doubt to the Company and its subsidiaries’
terhadap kemampuan Perusahaan dan entitas ability to continue as a going concern.
anaknya untuk mempertahankan kelangsungan Therefore, the consolidated financial statements
hidupnya. Oleh karena itu, laporan keuangan have been prepared on a going concern basis.
konsolidasian telah disusun atas dasar usaha
yang berkelanjutan.
55
Page 351
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Pertimbangan yang signifikan (lanjutan) Significant judgments (continued)
b. Nilai wajar atas instrumen keuangan b. Fair value of financial instruments
Dalam rangka penerapan PSAK 113, Upon the adoption of SFAS 113, “Fair Value
“Pengukuran Nilai Wajar”, Perusahaan dan Measurement”, the Company and its
entitas anaknya menyajikan nilai wajar atas subsidiaries present the fair value of financial
instrumen keuangan berdasarkan hierarki nilai instruments based on the following fair value
wajar berikut: hierarchy:
Tingkat 1 - nilai wajar berdasarkan harga Level 1 - the fair value is based quoted
kuotasian (tidak disesuaikan) dalam pasar prices (unadjusted) in active markets;
aktif;
Tingkat 2 - nilai wajar yang menggunakan Level 2 - the fair value uses inputs other than
input selain harga kuotasian yang termasuk quoted prices included within Level 1 that
dalam Tingkat 1 yang dapat diobservasi, baik are observable, either directly (i.e. as prices)
secara langsung (misalnya harga) atau or indirectly (i.e. derived from prices); and
secara tidak langsung (misalnya diperoleh
dari harga); dan
Tingkat 3 - nilai wajar yang menggunakan Level 3 - the fair value uses inputs that are
input yang bukan berdasarkan data pasar not based on observable market data
yang dapat diobservasi (input yang tidak (unobservable inputs).
dapat diobservasi).
Bila nilai wajar aset keuangan dan liabilitas If the fair value of financial assets and financial
keuangan yang tercatat pada posisi keuangan liabilities recorded in the consolidated
konsolidasian tidak tersedia di pasar aktif, nilai statement of financial position is not available in
wajar ditentukan dengan menggunakan an active market, the fair value is determined
berbagai teknik penilaian termasuk using various valuation techniques including the
penggunaan model matematika statistik. use of statistical mathematical model.
Masukan (input) untuk model ini berasal dari The input for this model comes from observable
data pasar yang dapat diobservasi. Bila data market data. When observable market data are
pasar yang dapat diobservasi tersebut tidak not available, management considers
tersedia, manajemen mempertimbangkan necessary inputs and assumptions to determine
masukan dan asumsi yang diperlukan untuk the fair value. Considerations include
menentukan nilai wajar. Pertimbangan tersebut considerations such as liquidity and volatility
mencakup pertimbangan seperti model umpan feedback model for derivative transactions and
balik likuiditas dan volatilitas untuk transaksi long term discount rate, the level of early
derivatif dan tingkat diskonto jangka panjang, payment and the level of default assumption.
tingkat pelunasan dipercepat dan asumsi
tingkat gagal bayar.
56
Page 352
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Estimasi dan asumsi akun-akun yang signifikan Significant accounting estimates and
assumptions
a. Penurunan nilai efek-efek yang diukur pada a. Impairment of fair value through other
nilai wajar melalui penghasilan comprehensive income securities
komprehensif lain
Perusahaan dan entitas anaknya mereviu efek- The Company and its subsidiaries review
efek yang diklasifikasikan sebagai nilai wajar securities classified as fair value through other
melalui penghasilan komprehensif lain pada comprehensive income at each consolidated
setiap tanggal posisi keuangan konsolidasian financial position date to assess whether there is
untuk menilai apakah telah terjadi penurunan an impairment in value. The impairment of these
nilai. Penurunan nilai atas investasi tersebut investments is assessed whether there is
dinilai apakah terdapat penurunan signifikan significant or prolonged decline in the fair value
atau berkepanjangan nilai wajar dibawah nilai below its cost or where other objective evidence
perolehan atau terdapat bukti objektif telah of impairment exists.
terjadi penurunan nilai.
Penentuan apa yang dimaksud dengan The determination of what is “significant” or
“signifikan” dan “berkepanjangan” “prolonged” requires judgment from the
membutuhkan pertimbangan dari Perusahaan. Company.
Dalam menentukan pertimbangan, Perusahaan In making this judgment, the Company and its
dan entitas anaknya mengevaluasi, subsidiaries evaluate, among others factors,
diantaranya faktor lainnya, pergerakan dan historical market price movements and duration
durasi harga pasar historis serta sejauh mana and the extent to which the fair value of the
nilai wajar dari investasi kurang dari biaya investment is less than the cost.
perolehannya.
b. Penurunan nilai piutang b. Impairment of receivables
Perusahaan dan entitas anaknya membuat The Company and its subsidiaries provide
cadangan kerugian penurunan nilai piutang allowance for impairment losses of receivables
berdasarkan analisa atas ketertagihan based on an assessment of the recoverability of
pinjaman yang diberikan dan piutang. loans and receivable. Allowances for impairment
Cadangan penurunan nilai tersebut dibentuk losses are applied to loans and receivables
apabila terdapat kejadian atau perubahan where events or changes in circumstances
keadaan yang mengindikasikan bahwa saldo indicate that the balances may not be collectible.
tersebut tidak akan tertagih. Identifikasi piutang The identification of bad and doubtful debts
tidak tertagih memerlukan pertimbangan dan requires the use of judgment and estimates.
estimasi. Apabila ekspektasi berbeda dari Where the expectations are different from the
estimasi awal, maka perbedaan ini akan original estimate, such difference will impact the
berdampak terhadap nilai tercatat pinjaman carrying value of loans and receivable and
yang diberikan dan piutang serta kerugian impairment losses of receivables in the period in
penurunan nilai piutang pada periode mana which such estimate has been changed.
perubahan estimasi tersebut terjadi.
Nilai tercatat dan piutang serta cadangan The carrying value of receivables and allowance
kerugian penurunan nilai diungkapkan dalam for impairment losses are disclosed in Notes 6,
Catatan 6, 7, 8 dan 9. 7, 8 and 9.
57
Page 353
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Estimasi dan asumsi akun-akun yang signifikan Significant accounting estimates and
(lanjutan) assumptions (continued)
c. Estimasi masa manfaat aset tetap dan aset c. Estimated useful lives of fixed assets and
tak berwujud intangible assets
Masa manfaat setiap aset tetap dan aset tak The useful life of each of the item of the Company
berwujud Perusahaan dan entitas anaknya and its subsidiaries’ fixed assets and intangible
ditentukan berdasarkan kegunaan yang assets are estimated based on the period over
diharapkan dari penggunaan aset tersebut. which the asset is expected to be used. Such
Estimasi ini ditentukan berdasarkan evaluasi estimation is based on internal technical
teknis internal. Masa manfaat setiap aset evaluation. The estimated useful life of each
direviu secara periodik dan disesuaikan apabila asset is reviewed periodically and updated if
ekspektasi berbeda dengan estimasi expectations differ from previous estimates due
sebelumnya karena kerusakan fisik, keusangan to physical wear and tear, technical or
teknis atau komersial dan keterbatasan hukum commercial obsolescence and legal or other
atau keterbatasan lainnya atas pemakaian limits on the use of the asset.
aset.
d. Liabilitas imbalan kerja d. Employee benefits liabilities
Penentuan provisi imbalan kerja tergantung The determination of provision for employment
pada pemilihan asumsi tertentu yang benefits is dependent on selection of certain
digunakan oleh aktuaris dalam menghitung assumptions used by actuaries in calculating
total provisi tersebut. Asumsi tersebut termasuk such amounts. Those assumptions include
antara lain tingkat diskonto, tingkat kenaikan among others, discount rate, rate of salary
gaji dan tingkat kematian. Realisasi yang increase and mortality rate. Actual results that
berbeda dari asumsi Perusahaan dan entitas differ from the Company and its subsidiaries’
anaknya diakumulasi dan diamortisasi selama assumptions are accumulated and amortized
periode datang dan akibatnya akan over future periods and therefore, generally
berpengaruh terhadap total biaya serta provisi affect the recognized expense and recorded
yang diakui di masa datang. Walaupun asumsi provision in future periods. While it is believed
Perusahaan dan entitasnya anak dianggap that Company and its subsidiaries’ assumptions
tepat dan wajar, namun perubahan signifikan are reasonable and appropriate, significant
pada kenyataannya atau perubahan signifikan differences in actual results or significant
dalam asumsi yang digunakan dapat changes in assumptions may materially affect
berpengaruh secara signifikan terhadap provisi the the Company and its subsidiaries’ provision
imbalan kerja Perusahaan dan entitas anaknya. for employment benefit.
e. Aset pajak tangguhan e. Deferred tax assets
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognized for the future
penghasilan terpulihkan (recoverable) pada recoverable taxable income arising from
periode mendatang sebagai akibat perbedaan temporary difference. Management’s judgment
temporer yang boleh dikurangkan. Justifikasi is required to determine the amount of deferred
manajemen diperlukan untuk menentukan tax assets that can be recognized, based upon
jumlah aset pajak tangguhan yang dapat diakui, the appropriately timing and level of future
sesuai dengan waktu yang tepat dan tingkat taxable profits, together with future tax planning
laba fiskal di masa mendatang sejalan dengan strategics.
strategi rencana perpajakan ke depan.
Pengakuan aset pajak tangguhan dan The recognized deferred tax assets and liabilities
liabilitas pajak tangguhan diungkapkan pada are disclosed in Note 22.
Catatan 22.
58
Page 354
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI, DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES, AND ASSUMPTIONS (continued)
Estimasi dan asumsi akun-akun yang signifikan Significant accounting estimates and
(lanjutan) assumptions (continued)
f. Menentukan jangka waktu kontrak dengan f. Determine the contract term with extension
opsi perpanjangan dan penghentian kontrak and contract termination options - the
- Perusahaan dan entitas anaknya sebagai Company and its subsidiaries as lessee
lessee
Perusahaan dan entitas anaknya menentukan The Company and its subsidiaries determine the
jangka waktu sewa sebagai jangka waktu sewa lease term as noncancellable term, together with
yang tidak dapat dibatalkan, bersama dengan the period covered by the option to extend the
periode yang dicakup oleh opsi untuk lease if it is determined to be exercised, or any
memperpanjang masa sewa jika dipastikan period covered by the option to terminate the
akan dilaksanakan, atau periode apa pun yang lease, if it is reasonably certain not to be
dicakup oleh opsi untuk menghentikan sewa. exercised.
jika cukup wajar untuk tidak dilakukan.
Perusahaan dan entitas anaknya memiliki The Company and its subsidiaries have several
beberapa kontrak sewa yang mencakup opsi lease contracts that include extension and
perpanjangan dan penghentian jangka waktu contract termination in the lease terms. The
sewa. Perusahaan dan entitas anaknya Company and its subsidiaries apply its judgment
menerapkan penilaian dalam mengevaluasi in evaluating whether it is certain to exercise the
apakah dapat dipastikan jika akan option to extend or terminate the lease. This is
menggunakan opsi untuk memperpanjang atau done by considering all relevant facts and
menghentikan sewa. Hal tersebut dilakukan circumstances that provide economic incentives
dengan mempertimbangkan seluruh fakta dan to extend or terminate the lease. After the
keadaan yang relevan yang memberikan commencement date, the Company and its
insentif ekonomi untuk melakukan subsidiaries reassess the lease term, if there is
perpanjangan atau penghentian sewa. Setelah a significant event or change in circumstances
tanggal dimulainya, Perusahaan dan entitas which is under its control and affects whether the
anaknya menilai kembali masa sewa, jika lessee is certain enough to exercise the option to
terdapat peristiwa atau perubahan signifikan extend or terminate the lease.
dalam keadaan yang berada dalam kendali dan
mempengaruhi apakah lessee cukup pasti
untuk mengeksekusi opsi memperpanjang atau
menghentikan sewa.
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Kas kecil Petty cash
Rupiah 113.100 117.990 Rupiah
Kas di bank Cash in banks
Rupiah Rupiah
PT Bank Central Asia Tbk 296.254.673 23.136.631 PT Bank Central Asia Tbk
PT Bank Jago Tbk 5.592.994 551.728 PT Bank Jago Tbk
PT Bank Mandiri (Persero) Tbk 4.619.631 122.175.381 PT Bank Mandiri (Persero) Tbk
PT Bank Sinarmas 4.253.138 23.828 PT Bank Sinarmas
PT Bank Rakyat Indonesia
(Persero) Tbk 2.869.364 49.671.586 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Permata Tbk 591.988 22.213.376 PT Bank Permata Tbk
Lain-lain (masing-masing
di bawah 5% dari total) 5.616.102 7.783.390 Others (each below 5% of total)
319.797.890 225.555.920
59
Page 355
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Kas di bank (lanjutan) Cash in banks (continued)
Dolar Amerika Serikat United States Dollar
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
(USD205.419,15 dan (USD205,419.15 and USD68,065.89
USD68.065,89 per as of December 31, 2025 and 2024,
31 Desember 2025 dan 2024 respectively -
- angka penuh) 3.447.344 1.100.081 full amount)
PT Bank Central Asia Tbk PT Bank Central Asia Tbk
(USD114.646,63 dan USD14.546,85 (USD114,646.63 and USD14,546.85
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 1.924.000 235.106 respectively - full amount)
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk (Persero) Tbk (USD89,663.40
(USD89.663,40 dan USD90.823,61 and USD90,823.61 as of December 31,
per 31 Desember 2025 2025 and 2024, respectively -
dan 2024 - angka penuh) 1.504.731 1.467.891 full amount)
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
(USD66.943,90 dan USD63.417,05 (USD66,943.90 and USD63,417.05
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 1.123.453 1.024.946 respectively - full amount)
PT Bank Permata Tbk PT Bank Permata Tbk
(USD738,79 dan USD738,79 (USD738.79 and USD738.79
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 12.398 11.940 respectively - full amount)
8.011.926 3.839.964
Dolar Singapura Singapore Dollar
PT Bank Permata Tbk
(SGD11.920,32 dan PT Bank Permata Tbk
SGD12.047,24 (SGD11,920.32 and SGD12,047.24
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 155.782 143.595 respectively - full amount)
Euro Eropa European Euro
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
(EUR15.438,74 dan EUR5.199,23 (EUR15,438.74 and EUR5,199.23
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 304.965 87.614 respectively - full amount)
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk (Persero) Tbk (EUR1,041.68
(EUR1.041,68 dan EURNihil and EURNil as of December 31,
per 31 Desember 2025 2025 and 2024, respectively -
dan 2024 - angka penuh) 20.577 - full amount)
325.542 87.614
Yen Jepang Japan Yen
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
(JPY212.350,71 dan JPYNihil (JPY212,350.71 and JPYNil
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 22.847 - respectively - full amount)
Total kas di bank 328.313.987 229.627.093 Total cash in banks
60
Page 356
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Deposito berjangka Time deposits
Rupiah Rupiah
PT Allo Bank Indonesia 206.500.000 10.900.000 PT Allo Bank Indonesia
PT Bank Negara Indonesia
(Persero) Tbk 100.000.000 50.000.000 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 47.000.000 - PT Bank Mandiri (Persero) Tbk
PT Bank JTrust Indonesia Tbk 46.800.000 - PT Bank JTrust Indonesia Tbk
PT Bank KB Bukopin Tbk 34.400.000 600.000 PT Bank KB Bukopin Tbk
PT Bank Sahabat Sampoerna 2.800.000 1.600.000 PT Bank Sahabat Sampoerna
PT Bank Tabungan Negara
(Persero) Tbk 2.000.000 52.000.000 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Mega Syariah 2.000.000 19.600.000 PT Bank Mega Syariah
PT Bank Rakyat Indonesia
(Persero) Tbk 2.000.000 2.000.000 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Riau Kepri Syariah (Perseroda) 1.000.000 1.200.000 Riau Kepri Syariah (Perseroda)
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sumatera Utara Syariah (Perseroda) 1.000.000 1.200.000 Sumatera Utara Syariah (Perseroda)
PT Bank Victoria Syariah 1.000.000 800.000 PT Bank Victoria Syariah
PT Bank Panin Dubai Syariah 1.000.000 1.000.000 PT Bank Panin Dubai Syariah
PT Bank Jago Tbk 1.000.000 200.000 PT Bank Jago Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Lampung 1.000.000 - Lampung
PT Bank Raya Indonesia Tbk 1.000.000 - PT Bank Raya Indonesia Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sulawesi Utara 1.000.000 - Sulawesi Utara
PT Bank CIMB Niaga Tbk - 20.000.000 PT Bank CIMB Niaga Tbk
PT Bank Syariah Bukopin - 1.300.000 PT Bank Syariah Bukopin
PT Bank Ganesha - 1.100.000 PT Bank Ganesha
PT Bank Victoria International Tbk - 1.000.000 PT Bank Victoria International Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sulawesi Selatan (Perseroda) - 1.000.000 Sulawesi Selatan (Perseroda)
PT Bank Jabar Banten Syariah - 800.000 PT Bank Jabar Banten Syariah
Total deposito berjangka 451.500.000 166.300.000 Total time deposits
Total 779.927.087 396.045.083 Total
Kisaran tingkat bunga untuk tahun yang Range on interest rates per annum for the year
berakhir pada tanggal 31 Desember 2025 dan ended December 31, 2025 and 2024:
2024:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Deposito 2,05% - 7,00% 2,20% - 6,20% Time deposits
Giro 1,00% - 2,00% 1,00% - 2,00% Current accounts
Jangka waktu deposito berjangka yang dimiliki Period of time deposits held by the Company
oleh Perusahaan dan entitas anaknya beragam and its subsidiaries range from three days up to
mulai dari tiga hari sampai dengan tiga bulan. three months.
61
Page 357
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO 5. MARKETABLE SECURITIES - NET
Rincian portofolio efek berdasarkan klasifikasi The details of marketable securities based on
instrumen keuangan adalah sebagai berikut: classifications of financial instruments consist of:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Aset keuangan yang diukur pada Financial assets measured at fair value
nilai wajar melalui laba rugi 426.794.880 354.082.997 through profit or loss
Aset keuangan yang diukur pada Financial assets measured at
biaya perolehan diamortisasi - - amortized costs
Total 426.794.880 354.082.997 Total
a. Aset keuangan yang diukur nilai wajar a. Financial assets measured at fair value
melalui laba rugi (FVTPL) through profit or loss (FVTPL)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Efek-efek kuotasian Quoted securities
Ekuitas 160.583.289 85.226.747 Equity
Reksadana Mutual funds
Pihak berelasi (Catatan 36) 128.084.161 77.161.911 Related parties (Note 36)
Pihak ketiga 25.226.451 11.106.902 Third parties
Obligasi 112.900.979 180.587.437 Bonds
Nilai wajar 426.794.880 354.082.997 Fair value
Rincian berdasarkan tipe portofolio efek adalah The details of marketable securities based on
sebagai berikut: portfolio type consist of:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Reksadana Mutual funds
Pihak ketiga: Third parties:
Juara Empowerment Balanced Fund 20.000.000 10.000.000 Juara Empowerment Balanced Fund
Pihak berelasi (Catatan 36): Related parties (Note 36):
TRIM Kas 2 40.115.556 100.137 TRIM Kas 2
TRAM Balanced Absolute Strategy LV 20.000.000 20.000.000 TRAM Balanced Absolute Strategy LV
TRAM Fixed Income Plan Syariah 15.000.000 15.000.000 TRAM Fixed Income Plan Syariah
Trimegah Dana Obligasi Nusantara 10.250.008 6.750.008 Trimegah Dana Obligasi Nusantara
TRAM Dana Tetap Ganesha 10.000.000 10.000.000 TRAM Dana Tetap Ganesha
TRAM Dana Kas 1 6.500.000 - TRAM Dana Kas 1
TRAM Dana Tetap Syariah 2 6.019.751 6.019.751 TRAM Dana Tetap Syariah 2
Trimegah Equity Focus 2 5.000.000 5.000.000 Trimegah Equity Focus 2
TRIM FTSE Indonesia Low Volatility 1.000.000 750.000 TRIM FTSE Indonesia Low Volatility
TRAM Pendapatan Tetap USD 501.600 501.600 TRAM Pendapatan Tetap USD
TRAM Balanced Absolute Strategy - 5.644.461 TRAM Balanced Absolute Strategy
Ditambah: Add:
Kenaikan nilai aset - neto 18.923.697 8.502.856 Increase in net assets value
Sub-total 153.310.612 88.268.813 Sub-total
62
Page 358
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
a. Aset keuangan yang diukur nilai wajar a. Financial assets measured at fair value
melalui laba rugi (FVTPL) (lanjutan) through profit or loss (FVTPL) (continued)
Rincian berdasarkan tipe portofolio efek adalah The details of marketable securities based on
sebagai berikut: (lanjutan) portfolio type consist of: (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Obligasi Bonds
Pihak ketiga: Third parties:
Obligasi pemerintah - Rupiah Government bonds - Rupiah
PBSG001 Tahun 2022 12.636.358 12.340.000 PBSG001 Year 2022
FR0104 Tahun 2022 6.843.060 - FR0104 Year 2022
FR0101 Tahun 2020 5.047.500 - FR0101 Year 2020
FR0086 Tahun 2020 3.486.000 - FR0086 Year 2020
SR019T5 Tahun 2023 2.238.581 978 SR019T5 Year 2023
FR0084 Tahun 2020 2.015.000 - FR0084 Year 2020
ORI23T6 Tahun 2023 1.465.516 30.201 ORI23T6 Year 2023
SR022T3 tahun 2025 1.397.250 - SR022T3 Year 2025
ORI027T3 Tahun 2025 1.378.485 - ORI027T3 Year 2025
SR020T3 Tahun 2024 1.308.350 1.010.818 SR020T3 Year 2024
ORI026T3 Tahun 2024 1.155.632 978 ORI026T3 Year 2024
SR022T5 tahun 2025 1.098.336 - SR022T5 Year 2025
SR023T3 Tahun 2025 918.154 - SR023T3 Year 2025
SR019T3 Tahun 2023 700.299 589.530 SR019T3 Year 2023
ORI027T6 Tahun 2025 514.970 - ORI027T6 Year 2025
ORI024T6 Tahun 2024 511.150 1.948 ORI024T6 Year 2024
SR023T5 Tahun 2025 510.101 - SR023T5 Year 2025
ORI026T6 Tahun 2024 500.940 197.030 ORI026T6 Year 2024
ORI024T3 Tahun 2023 475.758 1.238.316 ORI024T3 Year 2023
SR021T5 Tahun 2024 305.250 - SR021T5 Year 2024
ORI025T3 Tahun 2024 301.965 1.013.624 ORI025T3 Year 2024
SR020T5 Tahun 2024 234.658 19.820 SR020T5 Year 2024
SR021T3 Tahun 2024 101.100 1.967 SR021T3 Year 2024
SR018T3 Tahun 2023 99.040 7.377.042 SR018T3 Year 2023
ORI025T6 Tahun 2024 51.050 200.434 ORI025T6 Year 2024
ORI028T3 Tahun 2025 9.865 - ORI028T3 Year 2025
FR0108 Tahun 2025 7.206 - FR0108 Year 2025
ORI028T6 Tahun 2025 6.857 - ORI028T6 Year 2025
FR0106 Tahun 2025 4.261 - FR0106 Year 2025
ORI022 Tahun 2022 - 1.714.885 ORI022 Year 2022
SR016 Tahun 2022 - 807.740 SR016 Year 2022
SR017 Tahun 2022 - 633.173 SR017 Year 2022
ORI023T3 Tahun 2023 - 201.499 ORI023T3 Year 2023
FR0091 Tahun 2021 - 143.725 FR0091 Year 2021
ORI021 Tahun 2022 - 98.650 ORI021 Year 2022
SR018T5 Tahun 2023 - 1.967 SR018T5 Year 2023
FR0087 Tahun 2020 - 1.943 FR0087 Year 2020
Obligasi korporasi - Corporate bonds -
Dolar Amerika Serikat United States Dollar
PT OKI Pulp & Paper Mills 16.782.000 16.162.000 PT OKI Pulp & Paper Mills
Obligasi korporasi - Rupiah Corporate bonds - Rupiah
PT Merdeka Battery Materials Tbk 30.000.000 - PT Merdeka Battery Materials Tbk
PT Bumi Serpong Damai Tbk 6.000.000 - PT Bumi Serpong Damai Tbk
PT Indah Kiat Pulp & Paper Tbk 2.035.000 45.039.000 PT Indah Kiat Pulp & Paper Tbk
PT Adira Dinamika Multi Finance Tbk 2.084.762 - PT Adira Dinamika Multi Finance Tbk
PT Kereta Api Indonesia (Persero) 1.889.547 - PT Kereta Api Indonesia (Persero)
PT OKI Pulp & Paper Mills 1.860.700 1.470.000 PT OKI Pulp & Paper Mills
PT Bank UOB Indonesia 1.017.471 - PT Bank UOB Indonesia
PT Pindo Deli Pulp and Paper Mills 1.003.000 - PT Pindo Deli Pulp and Paper Mills
63
Page 359
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
a. Aset keuangan yang diukur nilai wajar a. Financial assets measured at fair value
melalui laba rugi (FVTPL) (lanjutan) through profit or loss (FVTPL) (continued)
Rincian berdasarkan tipe portofolio efek adalah The details of marketable securities based on
sebagai berikut: (lanjutan) portfolio type consist of: (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Obligasi korporasi - Rupiah
(lanjutan) Corporate bonds - Rupiah (continued)
PT Arkora Hydro Tbk 1.000.000 1.000.000 PT Arkora Hydro Tbk
PT Sarana Multigriya Finansial (Persero) 1.000.000 - PT Sarana Multigriya Finansial (Persero)
PT Indosat Tbk 938.758 - PT Indosat Tbk
Lembaga Pembiayaan Lembaga Pembiayaan
Ekspor Indonesia (LPEI) 732.620 - Ekspor Indonesia (LPEI)
PT Bank UOB Indonesia 75.338 - PT Bank UOB Indonesia
PT Lontar Papyrus Pulp & PT Lontar Papyrus Pulp &
Paper Industry 49.500 51.111.990 Paper Industry
PT Sarana Multi Infrastruktur (Persero) 25.258 - PT Sarana Multi Infrastruktur (Persero)
PT Barito Pacific Tbk 5.000 - PT Barito Pacific Tbk
PT Provident Investasi Bersama Tbk 4.950 - PT Provident Investasi Bersama Tbk
PT Wahana Inti Selaras - 19.222.850 PT Wahana Inti Selaras
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk - 16.700.000 Jawa Barat dan Banten Tbk
PT Pegadaian (Persero) - 1.500.000 PT Pegadaian (Persero)
Ditambah: Add:
Kenaikan nilai aset - neto 1.074.383 755.329 Net increase in asset net value
Sub-total 112.900.979 180.587.437 Sub-total
Ekuitas Equity
Pihak ketiga: Third parties:
Saham Shares
PT Visi Telekomunikasi PT Visi Telekomunikasi
Infrastruktur Tbk (GOLD) 21.147.945 21.147.945 Infrastruktur Tbk (GOLD)
PT Impack Pratama PT Impack Pratama
Industri Tbk (IMPC) 8.928.571 16.250.000 Industri Tbk (IMPC)
PT Surya Citra PT Surya Citra
Media, Tbk (SCMA) 3.998.608 34 Media Tbk (SCMA)
PT Astra International Tbk (ASII) 2.248.900 639 PT Astra International Tbk (ASII)
PT Sarana Meditama PT Sarana Meditama
Metropolitan Tbk (SAME) 1.973.040 13 Metropolitan, Tbk (SAME)
PT XL Axiata Tbk (EXCL) 149 16.031.307 PT XL Axiata Tbk (EXCL)
PT Asuransi Tugu Pratama PT Asuransi Tugu Pratama
Indonesia Tbk (TUGU) - 24.000.095 Indonesia Tbk (TUGU)
Lain-lain (masing-masing di bawah Others (each below
5% dari total) 1.819.673 848.951 5% of total)
Ditambah: Add:
Kenaikan nilai aset - neto 120.466.403 6.947.763 Net increase in asset net value
Sub-total 160.583.289 85.226.747 Sub-total
Total 426.794.880 354.082.997 Total
Perubahan nilai wajar aset keuangan FVTPL Changes in fair value of financial assets at
sebesar Rp123.758.636 dan Rp934.571 FVTPL of Rp123,758,636 and Rp934,571 for
masing-masing untuk tahun yang berakhir pada the year ended December 31, 2025 and 2024,
tanggal 31 Desember 2025 dan 2024 yang respectively, are presented as gain and (loss)
disajikan sebagai keuntungan dan (kerugian) from marketable securities - net (Note 30).
dari efek - neto (Catatan 30).
64
Page 360
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
a. Aset keuangan yang diukur nilai wajar a. Financial assets measured at fair value
melalui laba rugi (FVTPL) (lanjutan) through profit or loss (FVTPL) (continued)
Rincian portofolio efek obligasi berdasarkan Details of marketable securities bonds based on
jatuh tempo: its maturity date:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Jatuh tempo kurang dari 7 tahun 111.815.129 179.688.379 Maturity of less than 7 years
Jatuh tempo lebih dari 7 tahun 11.467 143.725 Maturity of more than 7 years
Ditambah: kenaikan nilai aset - neto 1.074.383 755.333 Add: increase in net assets value
Total 112.900.979 180.587.437 Total
b. Aset keuangan yang diukur pada biaya b. Financial assets measured at amortized
perolehan diamortisasi cost
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Obligasi Bonds
PT Waskita Beton Precast Tbk 10.462.000 10.462.000 PT Waskita Beton Precast Tbk
Cadangan kerugian penurunan nilai (10.462.000) (10.462.000) Allowance for impairment losses
Nilai tercatat - - Carrying value
c. Peringkat portofolio efek c. Rating of marketable securities
31 Desember/
Peringkat/ December 31, Pemeringkat/
Rating 2025 Rating Company
Pada nilai wajar melalui laba rugi/
At fair value through profit or loss
Obligasi korporasi/corporate bonds - Rupiah
PT Merdeka Battery Materials Tbk idA 30.029.960 Pefindo
PT Bumi Serpong Damai Tbk idAA 6.005.848 Pefindo
PT Adira Dinamika Multi Finance Tbk idAAA 2.097.060 Pefindo
PT Indah Kiat Pulp & Paper Tbk idA+ 2.046.981 Pefindo
PT Kereta Api Indonesia (Persero) idAAA(sy) 1.896.774 Pefindo
PT OKI Pulp & Paper Mills idA+ 1.863.667 Pefindo
PT Bank UOB Indonesia AA(idn) 1.051.297 Fitch
PT Sarana Multigriya Finansial (Persero) idAAA 1.020.441 Pefindo
PT Arkora Hydro Tbk idA+(pg) 1.018.642 Pefindo
PT Pindo Deli Pulp and Paper Mills idA+(sy) 1.003.332 Pefindo
PT Indosat Tbk AAA(idn) 948.822 PBFitch
Lembaga Pembiayaan Ekspor
Indonesia (LPEI) idAAA 731.387 Pefindo
PT Bank Mandiri Taspen AA(idn) 75.487 Pefindo
PT Lontar Papyrus Pulp & Paper Industry idA 51.072 Pefindo
PT Sarana Multi Infrastruktur (Persero) idAAA 25.311 Pefindo
PT Barito Pacific Tbk idA+ 5.100 Pefindo
PT Provident Investasi Bersama Tbk idA 5.049 Pefindo
65
Page 361
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
c. Peringkat portofolio efek (lanjutan) c. Rating of marketable securities (continued)
31 Desember/
Peringkat/ December 31, Pemeringkat/
Rating 2025 Rating Company
Pada nilai wajar melalui laba rugi/
At fair value through profit or loss
Obligasi pemerintah/government bonds Tidak diperingkat/
- Rupiah - 46.058.419 unrated
Obligasi korporasi/corporate bonds -
Dolar Amerika Serikat/United
States Dollar
PT OKI Pulp & Paper Mills idA+ 16.966.330 Pefindo
Total 112.900.979
Pada biaya perolehan diamortisasi/At amortized cost
Obligasi korporasi/corporate bonds - Rupiah
PT Waskita Beton Precast Tbk idD - Pefindo
Total -
31 Desember/
Peringkat/ December 31, Pemeringkat/
Rating 2024 Rating Company
Pada nilai wajar melalui laba rugi/
At fair value through profit or loss
Obligasi korporasi/corporate bonds - Rupiah
PT Lontar Papyrus Pulp & Paper Industry idA 48.612.150 Pefindo
PT Indah Kiat Pulp & Paper Tbk idA+ 24.656.943 Pefindo
PT Indah Kiat Pulp & Paper Tbk idA+ (sy) 21.335.000 Pefindo
PT Wahana Inti Selaras idA 19.312.097 Pefindo
PT Bank Pembangunan Daerah
Jawa Barat dan Banten idA 16.626.520 Pefindo
PT Lontar Papyrus Pulp & Paper Industry idA 2.513.715 Pefindo
PT Pegadaian (Persero) idAAA(sy) 1.496.034 Pefindo
PT OKI Pulp & Paper Mills idA+ 1.444.522 Pefindo
PT Arkora Hydro Tbk idA(pg) 1.008.601 Pefindo
Obligasi pemerintah/government bonds Tidak diperingkat/
- Rupiah - 27.357.562 unrated
Obligasi korporasi/corporate bonds -
Dolar Amerika Serikat/United
States Dollar
PT OKI Pulp & Paper Mills idA+ 16.224.293 Pefindo
Total 180.587.437
Pada biaya perolehan diamortisasi/At amortized cost
Obligasi korporasi/corporate bonds - Rupiah
PT Waskita Beton Precast Tbk idD - Pefindo
Total -
66
Page 362
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
c. Peringkat portofolio efek (lanjutan) c. Rating of marketable securities (continued)
Obligasi PT Waskita Beton Precast Tbk PT Waskita Beton Precast Tbk Bonds
Hasil pelaksanaan Rapat Umum Pemegang The results of the General Meeting of
Obligasi (RUPO) atas Obligasi Berkelanjutan I Bondholders (RUPO) for Waskita Beton
Waskita Beton Precast Tahap II Tahun 2019 Precast 2019 Shelf-Registered Bonds I Phase
pada tanggal 17 Februari 2023 memutuskan II on February 17, 2023 decided to approve
menyetujui perubahan dan/atau penambahan changes and/or additions to the Trusteeship
Perjanjian Perwaliamanatan Obligasi Agreement for Waskita Beton Precast 2019
Berkelanjutan I Waskita Beton Precast Tahap II Shelf-Registered Bonds I Phase II and the
Tahun 2019 berikut perubahannya dan following amendments and other agreements
perjanjian lainnya yang berkaitan dengan relating to the Trusteeship Agreement to be
Perjanjian Perwaliamanatan untuk disesuaikan adjusted to the Reconciliation Agreement which
dengan Perjanjian Perdamaian yang telah has been ratified (homologation) through
disahkan (homologasi) melalui Putusan a Commercial Court Decision at the Central
Pengadilan Niaga pada Pengadilan Negeri Jakarta District Court No. 497/Pdt.SUS-
Jakarta Pusat No. 497/Pdt.SUS- PKPU/2021/PN.NIAGA.JKT.PST dated June
PKPU/2021/PN.NIAGA.JKT.PST tanggal 28, 2022. In accordance with the Reconciliation
28 Juni 2022. Sesuai dengan Perjanjian Agreement, payments to bondholder creditors
Perdamaian tersebut, pembayaran kepada are divided into 2, namely Tranche B with
kreditur pemegang obligasi dibagi menjadi 2, a value of 15% of the total portion of the WSBP
yaitu Tranche B dengan nilai sebesar 15% dari Bonds debt which will receive payments in cash
total porsi utang Obligasi WSBP yang akan from the 5th year to the 6th year from the
menerima pembayaran dalam bentuk tunai effective date, and Tranche C with a value of
sejak tahun ke-5 sampai tahun ke-6 sejak 85% of the total portion of the WSBP Bonds
tanggal berlaku, dan Tranche C dengan nilai debt which will be settled through debt
85% dari total porsi utang Obligasi WSBP yang conversion into a mandatory convertible bond
akan diselesaikan melalui konversi utang (MCB) within the term 10 years after all
menjadi mandatory convertible bond (MCB) corporate approvals have been obtained.
dalam jangka waktu 10 tahun setelah seluruh
persetujuan korporasi diperoleh.
67
Page 363
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
d. Nilai tercatat bruto dan cadangan kerugian d. Gross carrying amount and allowance for
penurunan nilai impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk portofolio efek loss allowances of marketable securities is as
adalah sebagai berikut: follows:
31 Desember/December 31, 2025
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ originated
ekspektasian Lifetime ECL Lifetime ECL credit impaired
12 bulan/ not credit- credit- financial
12-month ECL impaired impaired assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 354.082.997 - 10.462.000 - 364.544.997 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 263.700.448 - - - 263.700.448 originated or purchased
Pembayaran kembali (190.988.565) - - - (190.988.565) Repayment
Penghapusbukuan - - - - - Write-offs
Foreign exchange and
Valuta asing dan perubahan lain - - - - - other movements
Nilai tercatat bruto Gross carrying amount as
31 Desember 2025 426.794.880 - 10.462.000 - 437.256.880 at December 31, 2025
Penyisihan atas ECL ECL allowance as
31 Desember 2024 - - 10.462.000 - 10.462.000 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Pembayaran kembali - - - - - Repayment
Penghapusbukuan - - - - - Write-offs
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli - - - - - originated or purchased
Penyisihan atas ECL ECL allowance as
31 Desember 2025 - - 10.462.000 - 10.462.000 at December 31, 2025
68
Page 364
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
d. Nilai tercatat bruto dan cadangan kerugian d. Gross carrying amount and allowance for
penurunan nilai (lanjutan) impairment losses (continued)
31 Desember/December 31, 2024
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ originated
ekspektasian Lifetime ECL Lifetime ECL credit impaired
12 bulan/ not credit- credit- financial
12-month ECL impaired impaired assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2023 512.352.217 - 10.462.000 - 522.814.217 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 135.924.753 - - - 135.924.753 originated or purchased
Pembayaran kembali (294.193.973) - - - (294.193.973) Repayment
Penghapusbukuan - - - - - Write-offs
Foreign exchange and
Valuta asing dan perubahan lain - - - - - other movements
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 354.082.997 - 10.462.000 - 364.544.997 at December 31, 2024
Penyisihan atas ECL ECL allowance as
31 Desember 2023 - - 10.462.000 - 10.462.000 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Pembayaran kembali - - - - - Repayment
Penghapusbukuan - - - - - Write-offs
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli - - - - - originated or purchased
Penyisihan atas ECL ECL allowance as
31 Desember 2024 - - 10.462.000 - 10.462.000 at December 31, 2024
Perusahaan dan entitas anaknya berkeyakinan The Company and its subsidiaries believe that
bahwa cadangan kerugian penurunan nilai the allowance for impairment losses is
tersebut telah memadai. adequate.
Tidak terdapat portofolio efek yang dijadikan There are no marketable securities pledged as
jaminan pada tanggal 31 Desember 2025 dan collateral as of December 31, 2025 and 2024.
2024.
69
Page 365
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG USAHA - NETO 6. ACCOUNT RECEIVABLES - NET
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Piutang jasa kegiatan Receivables from investment
manajemen investasi manager activities fee
Pihak berelasi (Catatan 36) 64.682.255 25.194.880 Related parties (Note 36)
Pihak ketiga 316.973 158.894 Third parties
Piutang jasa penjaminan emisi 9.896.357 1.561.230 Receivables from underwriting
Neto 74.895.585 26.915.004 Net
Piutang pihak berelasi adalah piutang kegiatan Receivable from related parties are receivables from
manajemen investasi kepada reksadana dan dana investment management activities to mutual fund
kelolaan discretionary, sebagai berikut: and discretionary fund, as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Berdasarkan reksadana By mutual fund
TRAM Fixed Income Plan 18.748.465 3.935.765 TRAM Fixed Income Plan
TRAM Dana Tetap Syariah 10.879.918 1.186.973 TRAM Dana Tetap Syariah
TRIM Dana Tetap 2 8.391.826 2.576.161 TRIM Dana Tetap 2
TRIM Kas 2 6.304.579 2.566.155 TRIM Kas 2
TRIM Kapital Plus 4.245.112 2.266.219 TRIM Kapital Plus
Trimegah Saham Nusantara 2.144.703 1.859.860 Trimegah Saham Nusantara
TRIM Kapital 1.855.456 1.404.072 TRIM Kapital
Lain-lain (masing-masing di bawah Others (each below
5% dari total) 12.112.196 9.399.675 5% of total)
Total 64.682.255 25.194.880 Total
Manajemen berkeyakinan bahwa piutang usaha Management believes that accounts receivables are
dapat tertagih, sehingga cadangan kerugian tidak collectible, therefore the allowance for impairment
diperlukan pada tanggal 31 Desember 2025 dan losses is not necessary as of December 31, 2025
2024. and 2024.
7. PIUTANG TRANSAKSI PERANTARA 7. RECEIVABLES FROM BROKERAGE
PEDAGANG EFEK - NETO ACTIVITIES - NET
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Piutang nasabah - neto (a) 1.141.868.912 656.347.589 Receivables from customers - net (a)
Piutang lembaga kliring Receivables from clearing and
dan penjaminan (b) 83.237.410 18.816.405 guarantee institution (b)
Receivables from other
Piutang perusahaan efek lain (c) 1.985.500 - securities companies (c)
Total 1.227.091.822 675.163.994 Total
70
Page 366
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG TRANSAKSI PERANTARA 7. RECEIVABLES FROM BROKERAGE ACTIVITIES
PEDAGANG EFEK - NETO (lanjutan) - NET (continued)
a. Piutang nasabah - Neto a. Receivables from customers - Net
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Pihak berelasi (Catatan 36) Related parties (Note 36)
Piutang nasabah kelembagaan Institutional customers receivables
Reguler 52.718.259 3.622.831 Regular
Piutang nasabah pemilik rekening Account owner customer receivables
Reguler 15.966.851 - Regular
total 68.685.110 3.622.831 Sub-total
Pihak ketiga Third parties
Piutang nasabah pemilik rekening Account owner customers receivables
Reguler 527.979.174 206.415.014 Regular
Marjin 209.424.705 263.111.892 Margin
737.403.878 469.526.906
Piutang nasabah kelembagaan Institutional customers receivables
Reguler 339.353.084 200.669.232 Regular
Sub-total 1.092.723.813 670.196.138 Sub-total
Total 1.145.442.072 673.818.969 Total
Dikurangi: cadangan kerugian Less: allowance for
penurunan nilai (3.573.160) (17.471.380) impairment losses
Neto 1.141.868.912 656.347.589 Net
Piutang nasabah pemilik rekening adalah Account owner customers’ receivables
piutang atas transaksi dengan nasabah pemilik represent balances from transactions with
rekening efek pada Perusahaan. Piutang customers with securities account in the
nasabah kelembagaan adalah piutang atas Company. Institutional receivables from
transaksi dengan nasabah yang tidak memiliki customers represent balances from
rekening efek pada Perusahaan. transactions with customers without securities
account in the Company.
Pada umumnya, seluruh piutang diselesaikan Substantially, all receivables are settled within
dalam waktu singkat, dalam waktu dua hari dari a short period of time, within two days from the
tanggal perdagangan. trade date.
Perusahaan memberikan pembiayaan transaksi The Company offers financing for margin
marjin dengan jaminan nasabah minimal transactions with minimum customers’ collateral
sebesar 150% dari besarnya piutang marjin. amounting to 150% of margin receivables.
Jaminan piutang marjin pada umumnya berupa Margin receivables collaterals are generally in
kas dan saham nasabah. the form of cash and customers’ stocks.
Tingkat suku bunga atas piutang marjin Interest rate on margin receivables from
nasabah untuk tahun yang berakhir pada customers for the year ended December 31,
31 Desember 2025 dan 2024 adalah sebesar 2025 and 2024 is 18% per annum.
18% per tahun.
71
Page 367
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG TRANSAKSI PERANTARA 7. RECEIVABLES FROM BROKERAGE ACTIVITIES
PEDAGANG EFEK - NETO (lanjutan) - NET (continued)
a. Piutang Nasabah - Neto (lanjutan) a. Receivables from customers - Net
(continued)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk piutang nasabah loss allowances of receivables from customers
adalah sebagai berikut: is as follows:
31 Desember/December 31, 2025
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ originated
ekspektasian Lifetime ECL Lifetime ECL credit impaired
12 bulan/ not credit- credit- financial
12-month ECL impaired impaired assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 394.822.553 217.953.685 61.042.731 - 673.818.969 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai (15.471.501) 15.471.501 - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai (5.764.195) - 5.764.195 - - Lifetime ECL Credit-impaired-
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 759.367.192 93.335.412 4.730.886 - 857.433.490 originated or purchased
Pembayaran kembali (133.809.457) (190.795.874) (61.205.056) - (385.810.387) Repayment
Penghapusbukuan - - - - - Write-offs
Foreign exchange and
Valuta asing dan perubahan lain - - - - - other movements
Nilai tercatat bruto Gross carrying amount as
31 Desember 2025 999.144.592 135.964.724 10.332.756 - 1.145.442.072 at December 31, 2025
Penyisihan atas ECL ECL allowance as
31 Desember 2024 70.651 198.428 17.202.301 - 17.471.380 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai (2) 2 - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai (26) (39.606) 39.632 - - Lifetime ECL Credit-impaired-
Pengukuran kembali bersih Net remeasurement of
penyisihan kerugian 19.506 2.791.592 (15.710.298) - (12.899.200) loss allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 47.935 1.860 3.344 - 53.139 originated or purchased
Pembayaran kembali (19.166) (936.640) (96.353) - (1.052.159) Repayment
Penyisihan atas ECL ECL allowance as
31 Desember 2025 118.898 2.015.636 1.438.626 - 3.573.160 at December 31, 2025
72
Page 368
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG TRANSAKSI PERANTARA 7. RECEIVABLES FROM BROKERAGE ACTIVITIES
PEDAGANG EFEK - NETO (lanjutan) - NET (continued)
a. Piutang Nasabah - Neto (lanjutan) a. Receivables from customers - Net
(continued)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk piutang nasabah loss allowances of receivables from customers
adalah sebagai berikut: (lanjutan) is as follows: (continued)
31 Desember/December 31, 2024
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ originated
ekspektasian Lifetime ECL Lifetime ECL credit impaired
12 bulan/ not credit- credit- financial
12-month ECL impaired impaired assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2023 503.225.639 111.428.887 46.652.996 - 661.307.522 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai (25.696.213) 25.696.213 - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai 1.095.185 - (1.095.185) - - Lifetime ECL Credit-impaired-
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 140.953.886 151.558.333 25.318.044 - 317.830.263 originated or purchased
Pembayaran kembali (224.755.944) (70.729.748) (9.833.124) - (305.318.816) Repayment
Penghapusbukuan - - - - - Write-offs
Foreign exchange and
Valuta asing dan perubahan lain - - - - - other movements
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 394.822.553 217.953.685 61.042.731 - 673.818.969 at December 31, 2024
Penyisihan atas ECL ECL allowance as
31 Desember 2023 75.693 936.641 24.748.101 - 25.760.435 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai (24) 24 - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Pengukuran kembali bersih Net remeasurement of
penyisihan kerugian (33.787) 196.543 (7.452.791) - (7.290.035) loss allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 47.935 1.860 3.344 - 53.139 originated or purchased
Pembayaran kembali (19.166) (936.640) (96.353) - (1.052.159) Repayment
Penghapusbukuan - - - - - Write-offs
Penyisihan atas ECL ECL allowance as
31 Desember 2024 70.651 198.428 17.202.301 - 17.471.380 at December 31, 2024
Perusahaan dan entitas anaknya berkeyakinan The Company and its subsidiaries believe that
bahwa cadangan kerugian penurunan nilai the allowance for impairment losses is
tersebut telah memadai. adequate.
73
Page 369
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG TRANSAKSI PERANTARA 7. RECEIVABLES FROM BROKERAGE ACTIVITIES
PEDAGANG EFEK - NETO (lanjutan) - NET (continued)
b. Piutang lembaga kliring penjaminan b. Receivables from clearing and guarantee
institution
Akun ini merupakan penyelesaian efek bersih These accounts represent net settlement
atas kliring transaksi yang dilakukan oleh position of securities transaction through
Perusahaan melalui PT Kliring Penjaminan Efek clearing with PT Kliring Penjaminan Efek
Indonesia (KPEI). Indonesia (KPEI).
Pada tanggal 23 Juli 2018, KPEI mengeluarkan On July 23, 2018, KPEI issued Director Decision
Surat Keputusan Direksi Letter No. KEP-016/DIR/KPEI/0718 requiring
No. KEP-016/DIR/KPEI/0718 yang each broker to maintain minimum deposits in
mensyaratkan setiap perantara efek untuk the form of cash and cash equivalents
menjaga minimum setoran jaminan dalam amounting to 10% of the average daily
bentuk kas dan setara kas sebesar senilai 10% settlements value during the last 6 (six) months.
dari rata-rata nilai penyelesaian harian selama As of December 31, 2025 and 2024, the
6 (enam) bulan terakhir. Pada tanggal-tanggal Company met that minimum deposits.
31 Desember 2025 dan 2024, Perusahaan telah
memenuhi minimum setoran jaminan tersebut.
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Uang jaminan 61.645.915 16.968.247 Deposit
Piutang transaksi bursa 21.591.495 1.848.158 Receivables from securities transaction
Total piutang 83.237.410 18.816.405 Total receivables
Uang jaminan merupakan dana agunan kas Deposits consist of cash collaterals which are
yang diwajibkan oleh KPEI sebagai jaminan required by KPEI for the Company’s
transaksi yang dilakukan Perusahaan. Uang transactions. Such deposits are placed at
jaminan tersebut ditempatkan pada PT Bank PT Bank Mandiri (Persero) Tbk with annual
Mandiri (Persero) Tbk dengan suku bunga interest rate of 6.50% - 7.00% and 6.50% -
masing-masing sebesar 6,50% - 7,00% dan 7.00% or the year ended December 31, 2025
6,50% - 7,00% pada tahun yang berakhir di and 2024, respectively.
tanggal 31 Desember 2025 dan 2024.
c. Piutang pada perusahaan efek lain c. Receivables from other securities
companies
Akun ini merupakan piutang kepada This account represents receivables from to
perusahaan efek lain sehubungan dengan other brokers in connection with securities
transaksi perdagangan efek. transactions.
74
Page 370
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Amman Mineral Internasional PSC 9 Juli 2025/ 9 Juli 2026/ 500.000.000 563.368.056 59.375.000 503.993.056
Tbk (AMMN) July 9, 2025 July 9, 2026
PT Bumi Resources Minerals BIS 10 Oktober 2025/ 10 April 2026/ 372.000.000 403.031.000 27.280.000 375.751.000
Tbk (BRMS) October 10, 2025 April 10, 2026
PT Astrindo Nusantara BIS 12 Desember 2025/ 11 Desember 341.400.000 398.356.900 53.827.400 344.529.500
Infrastruktur Tbk (BIPI), December 12, 2025 2026/
PT Bumi Resources Minerals December 11,
Tbk (BRMS) 2026
PT Bank Ina Perdana Tbk SRP 28 Mei 2025/ 28 Mei 2026/ 300.000.000 342.583.333 42.116.666 300.466.667
(BINA), PT Indomobil Sukses May 28, 2025 May 28, 2026
Internasional Tbk (IMAS)
PT Impack Pratama Industri Tbk TJI 23 September 2025/ 23 September 250.000.000 281.684.028 23.003.472 258.680.556
(IMPC) September 23, 2025 2026/September
23, 2026
PT Energi Mega Persada Tbk DWP 1 Agustus 2025/ 31 Juli 2026/ 185.000.000 218.670.000 28.027.500 190.642.500
(ENRG) August 1, 2025 July 31, 2026
PT Bumi Resources Minerals BIS 22 Desember 2025/ 12 Maret 2026/ 180.000.000 186.600.000 5.775.000 180.825.000
Tbk (BRMS) December 22, 2025 March 12, 2026
PT Impack Pratama Industri Tbk PTL 11 Desember 2025/ 11 Maret 2026/ 180.000.000 186.075.000 4.657.500 181.417.500
(IMPC) December 11, 2025 March 11, 2026
PT Energi Mega Persada Tbk BKI 14 Agustus 2025/ 13 Februari 2026/ 100.000.000 109.285.217 8.371.917 100.913.300
(ENRG) August 14, 2025 February 13, 2026
PT Bumi Resources Minerals BIS 26 September 2025/ 16 Maret 2026/ 100.000.000 108.075.000 7.791.667 100.283.333
Tbk (BRMS) September 26, 2025 March 16, 2026
PT Energi Mega Persada Tbk DSK 23 Desember 2025/ 18 Desember 96.100.000 113.878.500 17.334.038 96.544.462
(ENRG) December 23, 2025 2026/
December 18,
2026
PT Impack Pratama Industri Tbk PDS 1 Oktober 2025/ 6 April 2026/ 80.150.000 86.811.356 3.384.112 83.427.244
(IMPC), PT Wahana Interfood October 1, 2025 April 6, 2026
Nusantara Tbk (COCO),
PT Merdeka Gold Resources
Tbk (EMAS)
PT Bumi Resources Minerals BCI 5 Desember 2025/ 5 Juni 2026/ 77.000.000 83.617.722 5.635.972 77.981.750
Tbk (BRMS) December 5, 2025 June 5, 2026
PT Energi Mega Persada Tbk DSK 12 Desember 2025/ 12 Juni 2026/ 75.000.000 82.583.333 6.750.000 75.833.333
(ENRG) December 12, 2025 June 12, 2026
PT Bumi Resources Minerals BIS 31 Oktober 2025/ 30 Januari 2026/ 71.000.000 73.961.292 2.896.209 71.065.083
Tbk (BRMS) October 31, 2025 January 30, 2026
PT Bumi Resources Minerals HIN 7 Agustus 2025/ 6 Februari 2026/ 63.000.000 68.284.125 4.033.838 64.250.287
Tbk (BRMS), PT Darma August 7, 2025 February 6, 2026
Henwa Tbk (DEWA), PT
Energi Mega Persada Tbk
(ENRG)
PT Jaya Sukses Makmur AHA 23 Desember 2025/ 19 Juni 2026/ 59.665.000 63.500.134 3.641.223 59.858.911
Sentosa Tbk (RISE) December 23, 2025 June 19, 2026
PT Chandra Daya Investasi Tbk HIM 23 Desember 2025/ 12 Maret 2026/ 53.500.000 55.084.938 1.404.376 53.680.562
(CDIA) December 23, 2025 March 12, 2026
PT Bumi Resources Minerals BIS 6 November 2025/ 6 Februari 2026/ 50.000.000 52.108.333 1.512.500 50.595.833
Tbk (BRMS) November 6, 2025 February 6, 2026
75
Page 371
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Surya Esa Perkasa Tbk ZAR 12 Desember 2025/ 12 Maret 2026/ 50.000.000 51.687.500 1.312.500 50.375.000
(ESSA), PT Sarana Meditama December 12, 2025 March 12, 2026
Metropolitan Tbk (SAME),
PT Sinar Mas Argo Resources
and Technology Tbk (SMAR),
PT Trimegah Sekuritas
Indonesia Tbk (TRIM),
PT Paramita Bangun Sarana
Tbk (PBSA), PT Bintraco
Dharma Tbk (CARS)
PT Bank Negara Indonesia AHA 11 Juli 2025/ 9 Januari 2026/ 45.000.000 48.071.250 135.000 47.936.250
(Persero) Tbk (BBNI), July 11, 2025 January 9, 2026
PT Bank Mandiri (Persero) Tbk
(BMRI)
PT Buma Internasional Grup Tbk TAN 4 September 2025/ 4 Maret 2026/ 45.000.000 48.620.000 1.240.000 47.380.000
(DOID) September 4, 2025 March 4, 2026
PT Bakrie & Brothers Tbk DSK 4 September 2025/ 4 Maret 2026/ 42.945.832 46.832.429 3.285.356 43.547.073
(BNBR), PT Energi Mega September 4, 2025 March 4, 2026
Persada Tbk (ENRG)
PT Hillcon Tbk (HILL) HEM 23 Desember 2025/ 13 Maret 2026/ 40.900.000 42.445.111 1.371.286 41.073.825
December 23, 2025 March 13, 2026
PT Bank Mandiri (Persero) Tbk AHA 6 Oktober 2025/ 8 April 2026/ 40.000.000 42.760.000 1.455.000 41.305.000
(BMRI), PT Jaya Sukses October 6, 2025 April 8, 2026
Makmur Sentosa Tbk (RISE),
PT Chandra Daya Investasi
Tbk (CDIA)
PT Barito Pacific Tbk (BRPT) SUM 23 Oktober 2025/ 27 April 2026/ 36.520.000 39.161.613 1.647.457 37.514.156
October 23, 2025 April 27, 2026
PT Impack Pratama Industri Tbk YPH 28 November 2025/ 2 Juni 2026/ 34.123.000 36.591.230 2.017.048 34.574.182
(IMPC), PT Petrosea Tbk November 28, 2025 June 2, 2026
(PTRO)
PT Barito Pacific Tbk (BRPT) SUM 28 Oktober 2025/ 30 April 2026/ 29.930.000 32.071.658 1.385.094 30.686.564
October 28, 2025 April 30, 2026
PT Bali Towerindo Sentra Tbk TSS 25 September 2025/ 25 Februari 2026/ 26.000.000 27.768.000 635.556 27.132.444
(BALI) September 25, 2025 February 25, 2026
PT Sarana Meditama APH 22 Desember 2025/ 6 Maret 2026/ 25.000.000 25.616.667 533.334 25.083.333
Metropolitan Tbk (SAME) December 22, 2025 March 6, 2026
PT Bank Ina Perdana Tbk PTL 30 Desember 2025/ 8 Juni 2026/ 22.620.000 23.977.200 1.340.235 22.636.965
(BINA), PT Impack Pratama December 30, 2025 June 8, 2026
Industri Tbk (IMPC)
PT Energi Mega Persada Tbk DWP 12 September 2025/ 11 September 20.000.000 23.640.000 3.440.000 20.200.000
(ENRG) September 12, 2025 2026/
September 11,
2026
PT Hillcon Tbk (HILL) HEM 8 Oktober 2025/ 8 Oktober 2026/ 20.000.000 23.447.222 3.220.555 20.226.667
October 8, 2025 October 8, 2026
PT MNC Land Tbk (KPIG), IEL 24 Oktober 2025/ 23 Oktober 2026/ 20.000.000 22.628.889 2.571.111 20.057.778
PT Media Nusantara Citra Tbk October 24, 2025 October 23, 2026
(MNCN)
PT Buma Internasional Grup Tbk TAN 17 Oktober 2025/ 17 April 2026/ 20.000.000 21.617.778 942.222 20.675.556
(DOID), PT Indika Energy Tbk October 17, 2025 April 17, 2026
(INDY)
PT Bintraco Dharma Tbk (CARS) JWP 12 Desember 2025/ 12 Maret 2026/ 18.000.000 18.607.500 472.500 18.135.000
December 12, 2025 March 12, 2026
76
Page 372
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Bakrie & Brothers Tbk SIP 1 Agustus 2025/ 2 Februari 2026/ 18.000.000 19.850.000 1.540.000 18.310.000
(BNBR), PT Energi Mega August 1, 2025 February 2, 2026
Persada Tbk (ENRG)
PT Chandra Daya Investasi Tbk SSE 30 Oktober 2025/ 30 April 2026/ 16.445.000 17.608.941 761.039 16.847.902
(CDIA) October 30, 2025 April 30, 2026
PT Buma Internasional Grup Tbk TAN 26 September 2025/ 16 Maret 2026/ 16.220.000 17.452.720 533.458 16.919.262
(DOID) September 26, 2025 March 16, 2026
PT Bumi Resources Minerals ACC 11 November 2025/ 12 Mei 2026/ 15.465.000 16.442.302 703.443 15.738.859
Tbk (BRMS), PT Bumi November 11, 2025 May 12, 2026
Resources Tbk (BUMI), PT
Impack Pratama Industri Tbk
(IMPC)
PT Impack Pratama Industri Tbk PDS 5 Agustus 2025/ 5 Februari 2026/ 15.020.000 16.248.302 233.644 16.014.658
(IMPC) August 5, 2025 February 5, 2026
PT Bukalapakcom Tbk (BUKA) AZS 5 Maret 2025/ 5 Maret 2026/ 15.000.000 16.825.000 1.690.000 15.135.000
March 5, 2025 March 5, 2026
PT Energi Mega Persada Tbk DWP 14 Agustus 2025/ 14 Agustus 2026/ 15.000.000 17.737.500 2.377.500 15.360.000
(ENRG) August 14, 2025 August 14, 2026
PT Energi Mega Persada Tbk DWP 24 September 2025/ 24 September 15.000.000 17.737.500 2.677.500 15.060.000
(ENRG) September 24, 2025 2026/
September 24,
2026
PT Petrosea Tbk (PTRO) SUM 14 November 2025/ 18 Mei 2026/ 14.935.000 16.009.490 795.703 15.213.787
November 14, 2025 May 18, 2026
PT Mega Manunggal Properti HSU 24 Desember 2025/ 24 Juni 2026/ 14.260.000 15.413.476 1.102.774 14.310.702
Tbk (MMLP) December 24, 2025 June 24, 2026
PT Chandra Daya Investasi Tbk SSE 17 Desember 2025/ 17 Juni 2026/ 13.700.000 14.669.656 889.739 13.779.917
(CDIA) December 17, 2025 June 17, 2026
PT Chandra Daya Investasi Tbk AHA 15 Juli 2025/ 15 Januari 2026/ 13.000.000 13.897.000 68.250 13.828.750
(CDIA) July 15, 2025 January 15, 2026
PT Impack Pratama Industri Tbk YPH 7 Oktober 2025/ 9 April 2026/ 11.565.000 12.392.540 440.755 11.951.785
(IMPC), PT Petrosea Tbk October 7, 2025 April 9, 2026
(PTRO)
PT Bukalapakcom Tbk (BUKA) AZS 21 April 2025/ 21 April 2026/ 10.000.000 11.216.667 1.180.000 10.036.667
April 21, 2025 April 21, 2026
PT Perintis Triniti Properti Tbk ASE 19 Desember 2025/ 19 Juni 2026/ 10.000.000 10.859.444 798.055 10.061.389
(TRIN), PT Hasnur December 19, 2025 June 19, 2026
Internasional Shipping Tbk
(HAIS)
PT Sentul City Tbk (BKSL), OSO 19 Desember 2025/ 19 Juni 2026/ 10.000.000 10.707.778 657.222 10.050.556
PT Bukit Uluwatu Villa Tbk December 19, 2025 June 19, 2026
(BUVA), PT Darma Henwa Tbk
(DEWA)
PT Chandra Daya Investasi Tbk SSE 27 November 2025/ 26 Mei 2026/ 10.000.000 10.700.000 563.889 10.136.111
(CDIA) November 27, 2025 May 26, 2026
77
Page 373
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Barito Pacific Tbk (BRPT) SUM 10 November 2025/ 11 Mei 2026/ 10.000.000 10.707.778 505.556 10.202.222
November 10, 2025 May 11, 2026
PT Buma Internasional Grup Tbk TAN 10 Juli 2025/ 9 Januari 2026/ 10.000.000 10.813.333 35.555 10.777.778
(DOID) July 10, 2025 January 9, 2026
PT Bali Towerindo Sentra Tbk TSS 14 November 2025/ 13 Mei 2026/ 9.250.000 9.943.750 508.750 9.435.000
(BALI) November 14, 2025 May 13, 2026
PT Sarana Meditama AGW 21 Oktober 2025/ 23 April 2026/ 8.125.000 8.747.917 379.167 8.368.750
Metropolitan Tbk (SAME), October 21, 2025 April 23, 2026
PT Bangun Kosambi Sukses
Tbk (CBDK)
PT Chandra Daya Investasi Tbk SSE 28 November 2025/ 2 Juni 2026/ 8.000.000 8.578.667 472.889 8.105.778
(CDIA) November 28, 2025 June 2, 2026
PT Chandra Daya Investasi Tbk SSE 12 Desember 2025/ 12 Juni 2026/ 8.000.000 8.566.222 504.000 8.062.222
(CDIA) December 12, 2025 June 12, 2026
PT Impack Pratama Industri Tbk YPH 24 September 2025/ 13 Maret 2026/ 8.000.000 8.528.889 220.889 8.308.000
(IMPC), PT Petrosea Tbk September 24, 2025 March 13, 2026
(PTRO)
PT Bumi Resources Minerals ACC 19 Desember 2025/ 19 Juni 2026/ 6.770.000 7.197.826 397.267 6.800.559
Tbk (BRMS), PT Energi Mega December 19, 2025 June 19, 2026
Persada Tbk (ENRG),
PT Indokripto Koin Semesta
Tbk (COIN)
PT Chandra Daya Investasi Tbk SSE 22 Oktober 2025/ 24 April 2026/ 6.185.000 6.627.571 271.796 6.355.775
(CDIA) October 22, 2025 April 24, 2026
PT Chandra Daya Investasi Tbk SSE 21 November 2025/ 22 Mei 2026/ 5.430.000 5.814.323 297.745 5.516.578
(CDIA) November 21, 2025 May 22, 2026
PT Chandra Daya Investasi Tbk SSE 19 November 2025/ 20 Mei 2026/ 5.375.000 5.755.431 290.549 5.464.882
(CDIA) November 19, 2025 May 20, 2026
PT Impack Pratama Industri Tbk YPH 21 November 2025/ 22 Mei 2026/ 5.145.000 5.509.152 282.118 5.227.034
(IMPC) November 21, 2025 May 22, 2026
PT Petrosea Tbk (PTRO) OSO 24 Desember 2025/ 24 Juni 2026/ 5.110.000 5.471.674 345.776 5.125.898
December 24, 2025 June 24, 2026
PT Chandra Daya Investasi Tbk SSE 16 Desember 2025/ 15 Juni 2026/ 5.100.000 5.458.983 327.250 5.131.733
(CDIA) December 16, 2025 June 15, 2026
PT Bukalapakcom Tbk (BUKA) AZS 20 Mei 2025/ 20 Mei 2026/ 5.000.000 5.608.333 588.333 5.020.000
May 20, 2025 May 20, 2026
PT Hillcon Tbk (HILL) HEM 4 Desember 2025/ 4 Maret 2026/ 5.000.000 5.212.500 146.389 5.066.111
December 4, 2025 March 4, 2026
PT Chandra Daya Investasi Tbk SSE 24 November 2025/ 25 Mei 2026/ 5.000.000 5.353.889 280.000 5.073.889
(CDIA) November 24, 2025 May 25, 2026
PT Chandra Daya Investasi Tbk SSE 15 Desember 2025/ 15 Juni 2026/ 5.000.000 5.353.889 320.833 5.033.056
(CDIA) December 15, 2025 June 15, 2026
PT Petrosea Tbk (PTRO) SUM 21 November 2025/ 22 Mei 2026/ 5.000.000 5.353.889 274.167 5.079.722
November 21, 2025 May 22, 2026
PT Chandra Daya Investasi Tbk SSE 5 Desember 2025/ 9 Juni 2026/ 4.870.000 5.222.263 301.128 4.921.135
(CDIA) December 5, 2025 June 9, 2026
PT Petrosea Tbk (PTRO) OSO 22 Desember 2025/ 22 Juni 2026/ 4.800.000 5.139.733 321.066 4.818.667
December 22, 2025 June 22, 2026
PT Chandra Daya Investasi Tbk FAS 24 Oktober 2025/ 28 April 2026/ 4.200.000 4.590.600 245.700 4.344.900
(CDIA) October 24, 2025 April 28, 2026
PT Chandra Daya Investasi Tbk KGS 1 Oktober 2025/ 6 April 2026/ 4.180.000 4.505.692 165.459 4.340.233
(CDIA) October 1, 2025 April 6, 2026
78
Page 374
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Impack Pratama Industri Tbk CAY 30 September 2025/ 2 April 2026/ 3.580.000 3.836.169 126.692 3.709.477
(IMPC) September 30, 2025 April 2, 2026
PT Impack Pratama Industri Tbk YPH 17 September 2025/ 13 Maret 2026 3.550.000 3.794.358 98.019 3.696.339
(IMPC), PT Petrosea Tbk September 17, 2025 March 13, 2026
(PTRO)
PT Mega Manunggal Properti HSU 29 Oktober 2025/ 30 April 2026 3.500.000 3.784.667 280.000 3.504.667
Tbk (MMLP) October 29, 2025 April 30, 2026
PT Impack Pratama Industri Tbk LWD 15 Desember 2025/ 15 Juni 2026/ 3.500.000 3.765.417 240.625 3.524.792
(IMPC) December 15, 2025 June 15, 2026
PT RMK Energy Tbk (RMKE) UMP 12 Desember 2025/ 12 Juni 2026/ 3.315.000 3.583.147 238.680 3.344.467
December 12, 2025 June 12, 2026
PT Impack Pratama Industri Tbk ISU 10 November 2025/ 11 Mei 2026/ 3.235.000 3.480.321 175.229 3.305.092
(IMPC) November 10, 2025 May 11, 2026
PT RMK Energy Tbk (RMKE) UMP 17 Desember 2025/ 17 Juni 2026/ 3.000.000 3.242.667 222.667 3.020.000
December 17, 2025 June 17, 2026
PT Barito Pacific Tbk (BRPT) SUM 7 November 2025/ 8 Mei 2026/ 2.935.000 3.142.733 144.957 2.997.776
November 7, 2025 May 8, 2026
PT Impack Pratama Industri Tbk ACC 20 Agustus 2025/ 20 Februari 2026/ 2.890.000 3.074.639 50.174 3.024.465
(IMPC), PT Geoprima Solusi August 20, 2025 February 20, 2026
Tbk (GPSO)
PT Impack Pratama Industri Tbk YPH 29 Agustus 2025/ 27 Februari 2026/ 2.730.000 2.923.223 60.515 2.862.708
(IMPC) August 29, 2025 February 27, 2026
PT Impack Pratama Industri Tbk CAY 2 Oktober 2025/ 7 April 2026/ 2.495.000 2.676.442 93.147 2.583.295
(IMPC), PT Trimegah Sekuritas October 2, 2025 April 7, 2026
Indonesia Tbk (TRIM)
PT Impack Pratama Industri Tbk YPH 1 September 2025/ 2 Maret 2026/ 2.400.000 2.569.867 56.000 2.513.867
(IMPC) September 1, 2025 March 2, 2026
PT Homeco Victoria Makmur Tbk TSU 26 November 2025/ 4 Februari 2026/ 2.260.000 2.339.100 38.420 2.300.680
(LIVE) November 26, 2025 February 4, 2026
PT Raharja Energi Cepu Tbk FAS 3 Desember 2025/ 5 Juni 2026/ 2.205.000 2.407.860 170.888 2.236.972
(RATU) December 3, 2025 June 5, 2026
PT Impack Pratama Industri Tbk YPH 3 September 2025/ 3 Maret 2026/ 2.145.000 2.295.984 50.884 2.245.100
(IMPC) September 3, 2025 March 3, 2026
PT Homeco Victoria Makmur Tbk BSP 12 Desember 2025/ 12 Juni 2026/ 1.980.000 2.160.180 160.380 1.999.800
(LIVE) December 12, 2025 June 12, 2026
PT Raharja Energi Cepu Tbk OSO 20 Oktober 2025 22 April 2026/ 1.910.000 2.046.671 82.448 1.964.223
(RATU) October 20, 2025 April 22, 2026
PT Chandra Daya Investasi Tbk KGS 6 November 2025/ 8 Mei 2026/ 1.900.000 2.044.875 100.542 1.944.333
(CDIA) November 6, 2025 May 8, 2026
PT Chandra Daya Investasi Tbk KGS 12 Desember 2025/ 12 Juni 2026/ 1.900.000 2.044.083 128.250 1.915.833
(CDIA) December 12, 2025 June 12, 2026
PT Chandra Daya Investasi Tbk SSE 20 Oktober 2025/ 22 April 2026/ 1.855.000 1.987.736 80.075 1.907.661
(CDIA) October 20, 2025 April 22, 2026
PT Impack Pratama Industri Tbk ISU 29 September 2025/ 1 April 2026/ 1.755.000 1.889.550 65.813 1.823.737
(IMPC) September 29, 2025 April 1, 2026
PT Petrosea Tbk (PTRO) ILE 14 November 2025/ 18 Mei 2026 1.735.000 1.868.740 99.040 1.769.700
November 14, 2025 May 18, 2026
PT Darma Henwa Tbk (DEWA), BNS 8 Oktober 2025/ 10 April 2026/ 1.665.000 1.784.140 64.103 1.720.037
PT Impack Pratama Industri October 8, 2025 April 10, 2026
Tbk (IMPC)
79
Page 375
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Impack Pratama Industri SHO 7 November 2025/ 8 Mei 2026/ 1.640.000 1.764.367 86.784 1.677.583
Tbk (IMPC) November 7, 2025 May 8, 2026
PT Petrosea Tbk (PTRO) ILE 8 Desember 2025/ June 10, 2026 1.600.000 1.722.667 106.667 1.616.000
December 8, 2025
PT Impack Pratama Industri CAY 13 Oktober 2025/ 15 April 2026/ 1.540.000 1.650.196 62.285 1.587.911
Tbk (IMPC) October 13, 2025 April 15, 2026
PT Darma Henwa Tbk (DEWA), ACC 28 November 2025/ 2 Juni 2026/ 1.535.000 1.634.135 81.013 1.553.122
PT Solusi Sinergi Digital Tbk November 28, 2025 June 2, 2026
(WIFI)
PT Solusi Sinergi Digital Tbk OSO 17 Oktober 2025/ 21 April 2026/ 1.385.000 1.485.182 59.248 1.425.934
(WIFI) October 17, 2025 April 21, 2026
PT Petrosea Tbk (PTRO) ILE 24 November 2025/ 25 Mei 2026/ 1.230.000 1.323.275 73.800 1.249.475
November 24, 2025 May 25, 2026
PT Petrosea Tbk (PTRO) ILE 20 November 2025/ 21 Mei 2026/ 1.215.000 1.307.138 70.876 1.236.262
November 20, 2025 May 21, 2026
PT Bumi Resources Tbk ACC 22 Desember 2025/ 22 Juni 2026/ 1.130.000 1.201.410 67.486 1.133.924
(BUMI) December 22, 2025 June 22, 2026
PT Petrosea Tbk (PTRO) ILE 26 November 2025/ 13 Mei 2026/ 1.115.000 1.193.050 61.325 1.131.725
November 26, 2025 May 13, 2026
PT Darma Henwa Tbk (DEWA) ACC 24 Desember 2025/ 24 Juni 2026/ 1.105.000 1.174.830 66.761 1.108.069
December 24, 2025 June 24, 2026
PT Rukun Raharja Tbk (RAJA) FAS 29 Oktober 2025/ 30 April 2026/ 1.065.000 1.162.448 63.368 1.099.080
October 29, 2025 April 30, 2026
PT Impack Pratama Industri SHO 10 Oktober 2025/ 14 April 2026/ 1.045.000 1.125.988 44.848 1.081.140
Tbk (IMPC) October 10, 2025 April 15, 2026
PT Integra Indocabinet Tbk ASE 22 September 2025/ 13 Maret 2026/ 1.020.000 1.102.847 34.199 1.068.648
(WOOD) September 22, 2025 March 13, 2026
PT Chandra Daya Investasi Tbk KGS 29 Oktober 2025/ 30 April 2026/ 1.015.000 1.092.394 50.327 1.042.067
(CDIA) October 29, 2025 April 30, 2026
PT Chandra Daya Investasi Tbk KGS 16 Oktober 2025/ 20 April 2026/ 1.000.000 1.077.500 45.417 1.032.083
(CDIA) October 16, 2025 April 20, 2026
PT Impack Pratama Industri LKR 26 September 2025/ 16 Maret 2026/ 1.000.000 1.076.000 32.889 1.043.111
Tbk (IMPC) September 26, 2025 March 16, 2026
PT Eagle High Plantations Tbk STJ 4 Desember 2025/ 4 Desember 2026/ 1.000.000 1.182.500 168.500 1.014.000
(BWPT), PT Buma December 4, 2025 December 4, 2026
Internasional Grup Tbk
(DOID), PT Indika Energy
Tbk (INDY), PT Jaya
Kontruksi Tbk (JKON),
PT Lippo Cikarang Tbk
(LPCK), PT Lippo Karawaci
Tbk (LPKR),
PT Multipolar Tbk (MLPL)
PT Darma Henwa Tbk (DEWA) BNS 28 November 2025/ 2 Juni 2026/ 980.000 1.050.887 57.929 992.958
November 28, 2025 June 2, 2026
PT Impack Pratama Industri SHO 16 Desember 2025/ 15 Juni 2026/ 980.000 1.053.908 67.375 986.533
Tbk (IMPC) December 16, 2025 June 15, 2026
PT Bangun Kosambi Sukses AGW 24 November 2025/ 25 Mei 2026/ 845.000 909.079 50.700 858.379
Tbk (CBDK) November 24, 2025 May 25, 2026
PT RMK Energy Tbk (RMKE) UMP 16 Desember 2025/ 15 Juni 2026/ 820.000 885.964 60.133 825.831
December 16, 2025 June 15, 2026
80
Page 376
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Petrosea Tbk (PTRO) ILE 21 November 2025/ 22 Mei 2026/ 790.000 849.908 46.412 803.496
November 21, 2025 May 22, 2026
PT Petrosea Tbk (PTRO) ILE 5 Desember 2025/ 9 Juni 2026/ 775.000 835.063 51.344 783.719
December 5, 2025 June 9, 2026
PT Chandra Daya Investasi OSO 25 Agustus 2025/ 25 Februari 2026/ 760.000 814.382 16.255 798.127
Tbk (CDIA) August 25, 2025 February 25, 2026
PT Buana Lintas Lautan Tbk JSF 4 September 2025/ 4 September 2026/ 750.000 864.063 76.876 787.187
(BULL), PT TBS Energi September 4, 2025 September 4, 2026
Utama Tbk (TOBA), PT
Asuransi Jiwa Syariah Jasa
Mitra Abadi Tbk (JMAS), PT
Chandra Daya Investasi Tbk
(CDIA)
PT Petrosea Tbk (PTRO) ILE 4 Desember 2025/ 8 Juni 2026/ 705.000 759.638 46.413 713.225
December 4, 2025 June 8, 2026
PT Archi Indonesia Tbk (ARCI) NSC 16 September 2025/ 13 Maret 2026/ 700.000 762.300 24.850 737.450
September 16, 2025 March 13, 2026
PT WIR Asia Tbk (WIRG) FAS 11 November 2025/ 12 Mei 2026/ 680.000 741.880 44.540 697.340
November 11, 2025 May 12, 2026
PT Medco Energi Internasional NSC 6 Agustus 2026/ 6 Febuari 2026/ 670.000 731.640 12.060 719.580
Tbk (MEDC) August 6, 2025 February 6, 2026
PT Impack Pratama Industri ISU 23 Oktober 2025/ 27 April 2026/ 660.000 711.150 31.900 679.250
Tbk (IMPC) October 23, 2025 April 27, 2026
PT Archi Indonesia Tbk (ARCI) NSC 21 Juli 2026/ 21 Januari 2026/ 655.000 715.260 6.550 708.710
July 21, 2025 January 21, 2026
PT Raharja Energi Cepu Tbk FAS 5 Desember 2025/ 9 Juni 2026/ 635.000 694.055 50.483 643.572
(RATU) December 5, 2025 June 9, 2026
PT Petrosea Tbk (PTRO) AAK 13 November 2025/ 13 Mei 2026/ 625.000 681.563 41.251 640.312
November 13, 2025 May 13, 2026
PT WIR Asia Tbk (WIRG) FAS 17 November 2025/ 18 Mei 2026/ 615.000 670.965 42.128 628.837
November 17, 2025 May 18, 2026
PT Impack Pratama Industri SHO 3 November 2025/ 5 Mei 2026/ 585.000 629.606 30.225 599.381
Tbk (IMPC) November 3, 2025 May 5, 2026
PT Impack Pratama Industri CAY 18 Desember 2025/ 18 Juni 2026/ 570.000 610.343 37.240 573.103
Tbk (IMPC) December 18, 2025 June 18, 2026
PT Impack Pratama Industri SHO 9 Desember 2025/ 11 Juni 2026/ 555.000 597.550 37.231 560.319
Tbk (IMPC) December 9, 2025 June 11, 2026
PT Impack Pratama Industri LWD 3 September 2025/ 3 Maret 2026/ 550.000 591.479 13.979 577.500
Tbk (IMPC) September 3, 2025 March 3, 2026
PT Impack Pratama Industri SHO 28 November 2025/ 2 Juni 2026/ 550.000 592.625 34.833 557.792
Tbk (IMPC) November 28, 2025 June 2, 2026
PT Impack Pratama Industri LWD 16 Oktober 2025/ 20 April 2026/ 525.000 565.688 23.844 541.844
Tbk (IMPC) October 16, 2025 April 20, 2026
PT Integra Indocabinet Tbk ASE 7 November 2025/ 8 Mei 2026/ 505.000 548.402 30.286 518.116
(WOOD) November 7 2025 May 8, 2026
PT Impack Pratama Industri BNS 13 Oktober 2025/ 15 April 2026/ 500.000 535.778 20.222 515.556
Tbk (IMPC) October 13, 2025 April 15, 2026
PT Impack Pratama Industri CAY 19 Desember 2025/ 19 Juni 2026/ 500.000 535.389 32.861 502.528
Tbk (IMPC) December 19, 2025 June 19, 2026
81
Page 377
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Bumi Resources Tbk FTR 27 November 2025/ 26 Mei 2026/ 500.000 545.000 36.250 508.750
(BUMI), November 27, 2025 May 26, 2026
PT Petrindo Jaya Kreasi Tbk
(CUAN)
PT Petrosea Tbk (PTRO) ILE 12 Desember 2025/ 12 Juni 2026/ 500.000 537.917 33.750 504.167
December 12, 2025 June 12, 2026
PT Bumi Resources Tbk YTR 27 November 2025/ 26 Mei 2026/ 500.000 545.000 36.250 508.750
(BUMI), PT Petrosea Tbk November 27, 2025 May 26, 2026
(PTRO)
PT Petrosea Tbk (PTRO) OSO 24 Oktober 2025/ 28 April 2026/ 490.000 525.443 22.295 503.148
October 24, 2025 April 28, 2026
PT Rig Tenders Indonesia Tbk ASE 24 Desember 2025/ 24 Juni 2026/ 470.000 510.394 38.618 471.776
(RIGS), PT Integra December 24, 2025 June 24, 2026
Indocabinet Tbk (WOOD)
PT Impack Pratama Industri ACC 13 November 2025/ 13 Mei 2026/ 445.000 472.967 20.396 452.571
Tbk (IMPC), PT Geoprima November 13, 2025 May 13, 2026
Solusi Tbk (GPSO)
PT Solusi Sinergi Digital Tbk AAK 12 Desember 2025/ 12 Juni 2026/ 435.000 474.585 35.235 439.350
(WIFI), PT Indokripto Koin December 12, 2025 June 12, 2026
Semesta Tbk (COIN)
PT Impack Pratama Industri LWD 29 Oktober 2025/ 30 April 2026/ 405.000 435.881 20.081 415.800
Tbk (IMPC) October 29, 2025 April 30, 2026
PT Impack Pratama Industri JHK 11 November 2025/ 12 Mei 2026/ 400.000 430.333 21.833 408.500
Tbk (IMPC) November 11, 2025 May 12, 2026
PT Impack Pratama Industri LWD 6 November 2025/ 8 Mei 2026/ 400.000 430.500 21.167 409.333
Tbk (IMPC) November 6, 2025 May 8, 2026
PT Impack Pratama Industri LWD 8 Oktober 2025/ 10 April 2026/ 395.000 425.283 16.293 408.990
Tbk (IMPC) October 8, 2025 April 10, 2026
PT RMK Energy Tbk (RMKE) ESJ 29 Desember 2025/ 29 Juni 2026/ 385.000 416.142 30.629 385.513
December 29, 2025 June 29, 2026
PT Impack Pratama Industri AGK 11 Desember 2025/ 12 Juni 2026/ 370.000 396.332 23.310 373.022
Tbk (IMPC) December 11, 2025 June 12, 2026
PT Bumi Resources Tbk JPA 19 November 2025/ 20 Mei 2026/ 370.000 392.447 17.144 375.303
(BUMI) November 19, 2025 May 20, 2026
PT Petrosea Tbk (PTRO) OSO 23 Desember 2025/ 23 Juni 2026/ 355.000 380.126 23.883 356.243
December 23, 2025 June 23, 2026
PT Petrosea Tbk (PTRO) YPH 24 Oktober 2025/ 28 April 2026/ 335.000 359.232 15.243 343.989
October 24, 2025 April 28, 2026
PT Impack Pratama Industri BNS 9 Oktober 2025/ 13 April 2026/ 330.000 353.870 13.090 340.780
Tbk (IMPC) October 9, 2025 April 13, 2026
PT Sentul City Tbk (BKSL) BSP 16 Desember 2025/ 15 Juni 2026/ 325.000 354.413 26.813 327.600
December 16, 2025 June 15, 2026
PT Impack Pratama Industri LWD 10 September 2025/ 10 Maret 2026/ 325.000 349.510 9.208 340.302
Tbk (IMPC) September 10, 2025 March 10, 2026
PT Archi Indonesia Tbk (ARCI) NSC 27 Agustus 2025/ 27 Februari 2026/ 325.000 354.900 9.262 345.638
August 27, 2025 February 27, 2026
PT Petrosea Tbk (PTRO) AAK 15 Oktober 2025/ 17 April 2026/ 320.000 349.440 16.960 332.480
October 15, 2025 April 17, 2026
PT Impack Pratama Industri LWD 6 Oktober 2025/ 8 April 2026/ 320.000 344.533 12.933 331.600
Tbk (IMPC) October 6, 2025 April 8, 2026
82
Page 378
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Impack Pratama Industri TKU 29 Desember 2025/ 29 Juni 2026/ 320.000 344.267 23.867 320.400
Tbk (IMPC) December 29, 2025 June 29, 2026
PT Geoprima Solusi Tbk ASE 17 Desember 2025/ 17 Juni 2026/ 305.000 331.213 24.053 307.160
(GPSO) December 17, 2025 June 17, 2026
PT Impack Pratama Industri ISU 3 November 2025/ 5 Mei 2026/ 300.000 322.875 15.500 307.375
Tbk (IMPC) November 3, 2025 May 5, 2026
PT Impack Pratama Industri TKU 30 Desember 2025/ 30 Juni 2026/ 300.000 322.750 22.500 300.250
Tbk (IMPC) December 30, 2025 June 30, 2026
PT Impack Pratama Industri LWD 3 Oktober 2025/ 7 April 2026/ 295.000 317.863 11.800 306.063
Tbk (IMPC) October 3, 2025 April 7, 2026
PT Impack Pratama Industri ISU 18 Desember 2025/ 18 Juni 2026/ 265.000 285.096 18.550 266.546
Tbk (IMPC) December 18, 2025 June 18, 2026
PT Impack Pratama Industri SHO 1 Oktober 2025/ 6 April 2026/ 225.000 242.531 8.906 233.625
Tbk (IMPC) October 1, 2025 April 6, 2026
PT Impack Pratama Industri TKU 22 Desember 2025/ 22 Juni 2026/ 215.000 231.304 15.408 215.896
Tbk (IMPC) December 22, 2025 June 22, 2026
PT Raharja Energi Cepu Tbk FAS 27 November 2025/ 26 Mei 2026/ 200.000 218.000 14.500 203.500
(RATU) November 27, 2025 May 26, 2026
PT Impack Pratama Industri ACC 14 November 2025/ 18 Mei 2026/ 195.000 207.526 9.276 198.250
Tbk (IMPC), November 14, 2025 May 18, 2026
PT Geoprima Solusi Tbk
(GPSO)
PT Impack Pratama Industri SHO 14 November 2025/ 18 Mei 2026/ 190.000 204.646 10.846 193.800
Tbk (IMPC) November 14, 2025 May 18, 2026
PT Bank Central Asia Tbk AAK 11 Desember 2025/ 12 Juni 2026/ 180.000 196.470 14.580 181.890
(BBCA) December 11, 2025 June 12, 2026
PT Impack Pratama Industri LKR 8 Oktober 2025/ 10 April 2026/ 160.000 173.084 7.040 166.044
Tbk (IMPC) October 8, 2025 April 10, 2026
PT Petrosea Tbk (PTRO) AAK 11 November 2025/ 12 Mei 2026/ 155.000 169.105 10.152 158.953
November 11, 2025 May 12, 2026
PT Petrosea Tbk (PTRO) AAK 10 Oktober 2025/ 14 April 2026/ 145.000 158.485 7.467 151.018
October 10, 2025 April 14, 2026
PT Petrosea Tbk (PTRO) ILE 11 Desember 2025/ 12 Juni 2026/ 145.000 156.056 9.787 146.269
December 11, 2025 June 12, 2026
PT Impack Pratama Industri SHO 19 November 2025/ 20 Mei 2026/ 145.000 155.996 8.398 147.598
Tbk (IMPC) November 19, 2025 May 20, 2026
PT Bumi Resources Tbk ACC 18 November 2025/ 19 Mei 2026/ 135.000 143.531 6.468 137.063
(BUMI) November 18, 2025 May 19, 2026
PT Petrosea Tbk (PTRO) AAK 12 November 2025/ 13 Mei 2026/ 135.000 147.285 8.910 138.375
November 12, 2025 May 13, 2026
PT Impack Pratama Industri ISU 22 Desember 2025/ 22 Juni 2026/ 130.000 139.858 9.316 130.542
Tbk (IMPC) December 22, 2025 June 22, 2026
PT Impack Pratama Industri LWD 30 Oktober 2025/ 30 April 2026/ 120.000 129.100 5.950 123.150
Tbk (IMPC) October 30, 2025 April 30, 2026
PT Impack Pratama Industri AGK 17 Desember 2025/ 17 Juni 2026/ 110.000 117.786 7.144 110.642
Tbk (IMPC) December 17, 2025 June 17, 2026
PT Impack Pratama Industri ISU 23 Desember 2025/ 22 Juni 2026/ 100.000 107.583 7.208 100.375
Tbk (IMPC) December 23, 2025 June 23, 2026
83
Page 379
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Impack Pratama Industri Tbk TKU 18 Desember/ 2025/ 5 Juni 2026/ 100.000 107.042 6.459 100.583
(IMPC) December 18, 2025 June 5, 2026
PT Impack Pratama Industri Tbk TKU 23 Desember/ 2025/ 23 Juni 2026/ 100.000 107.583 7.208 100.375
(IMPC) December 23, 2025 June 23, 2026
PT Petrosea Tbk (PTRO) ILE 16 Desember/ 2025/ 15 Juni 2026/ 85.000 91.410 5.843 85.567
December 16, 2025 June 15, 2026
PT Impack Pratama Industri Tbk ACC 25 November 2025/ 26 Mei 2026/ 75.000 79.740 3.776 75.964
(IMPC) November 25, 2025 May 26, 2026
PT Petrosea Tbk (PTRO) ILE 29 Desember/ 2025/ 29 Juni 2026/ 55.000 59.171 4.102 55.069
December 29, 2025 June 29, 2026
PT Archi Indonesia Tbk (ARCI) NSC 7 Agustus 2025/ 6 Februari 2026/ 55.000 60.033 990 59.043
August 7, 2025 February 6, 2026
PT BFI Finance Indonesia Tbk PTL 30 Desember/ 2025/ 13 Februari 2026/ 50.000 50.875 836 50.039
(BFIN), PT Bank Ina Perdana December 30, 2025 February 13, 2026
Tbk (BINA), PT Surya Esa
Perkasa Tbk (ESSA),
PT Sarana Meditama
Metropolitan Tbk (SAME),
PT Surya Citra Media Tbk
(SCMA), PT Pabrik Kertas
Tjiwi Kimia Tbk (TKIM),
PT Bintraco Dharma Tbk
(CARS), PT Bali Bintang
Sejahtera Tbk (BOLA),
PT Bukalapakcom Tbk
(BUKA)
PT Impack Pratama Industri Tbk TKI 30 Desember 2025/ 8 Juni 2026/ 50.000 53.000 2.962 50.038
(IMPC) December 30, 2025 June 8, 2026
PT Petrosea Tbk (PTRO) ILE 3 Desember 2025/ 5 Juni 2026/ 40.000 43.067 2.584 40.483
December 3, 2025 June 5, 2026
PT Archi Indonesia Tbk (ARCI) NSC 4 Agustus 2025/ 4 Februari 2026/ 40.000 43.680 680 43.000
August 4, 2025 February 4, 2026
PT Archi Indonesia Tbk (ARCI) NSC 12 Agustus 2025/ 12 Februari 2026/ 40.000 43.680 840 42.840
August 12, 2025 February 12, 2026
PT Impack Pratama Industri Tbk TKU 24 Desember 2025/ 24 Juni 2026/ 40.000 43.033 2.900 40.133
(IMPC) December 24, 2025 June 24, 2026
PT Impack Pratama Industri Tbk LKR 3 Oktober 2025/ 7 April 2026/ 35.000 37.893 1.493 36.400
(IMPC) October 3, 2025 April 7, 2026
PT Geoprima Solusi Tbk BJB 15 Desember 2025/ 15 Juni 2026/ 25.000 27.022 1.833 25.189
(GPSO) December 15, 2025 June 15, 2026
PT Impack Pratama Industri Tbk ISU 13 November 2025/ 13 Mei 2026/ 20.000 21.508 1.100 20.408
(IMPC) November 13, 2025 May 13, 2026
PT Impack Pratama Industri Tbk ISU 14 November 2025/ 18 Mei 2026/ 20.000 21.542 1.142 20.400
(IMPC) November 14, 2025 May 18, 2026
PT Impack Pratama Industri Tbk SHO 25 November 2025/ 26 Mei 2026/ 20.000 21.517 1.209 20.308
(IMPC) November 25, 2025 May 26, 2026
PT Darma Henwa Tbk (DEWA) BNS 17 Desember 2025/ 17 Juni 2026/ 15.000 16.062 974 15.088
December 17, 2025 June 17, 2026
PT Impack Pratama Industri Tbk ISU 29 Desember 2025/ 29 Juni 2026/ 15.000 16.138 1.119 15.019
(IMPC) December 29, 2025 June 29, 2026
PT Archi Indonesia Tbk (ARCI) NSC 19 Agustus 2025/ 19 Februari 2026/ 15.000 16.380 367 16.013
August 19, 2025 February 19, 2026
84
Page 380
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2025
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Impack Pratama Industri Tbk YPH 10 September 2025/ 10 Maret 2026/ 15.000 16.056 397 15.659
(IMPC) September 10, 2025 March 10, 2026
PT Impack Pratama Industri Tbk AGK 19 Desember 2025/ 19 Juni 2026/ 10.000 10.708 657 10.051
(IMPC) December 19, 2025 June 19, 2026
PT Bangun Kosambi Sukses AGW 31 Oktober 2025/ 4 Mei 2026/ 10.000 10.771 513 10.258
Tbk (CBDK) October 31, 2025 May 4, 2026
PT Bangun Kosambi Sukses AGW 25 November 2025/ 26 Mei 2026/ 10.000 10.758 604 10.154
Tbk (CBDK) November 25, 2025 May 26, 2026
PT Surya Esa Perkasa Tbk TKI 30 Desember 2025/ 13 Februari 2026/ 10.000 10.175 167 10.008
(ESSA), December 30, 2025 February 13, 2026
PT Sarana Meditama
Metropolitan Tbk (SAME),
PT Surya Citra Media Tbk
(SCMA),
PT Bali Bintang Sejahtera Tbk
(BOLA)
Total 4.157.688.832 4.582.115.497 364.138.282 4.217.977.215
Cadangan kerugian penurunan nilai piutang transaksi repo/
Allowance for impairment losses on receivables from repo transactions (46.615.886)
Neto/Net 4.171.361.329
31 Desember/December 31, 2024
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Media Nusantara Citra Tbk IEL 24 April 2024/ 24 April 2025/ 20.000.000 22.636.111 2.137.778 20.498.333
(MNCN) April 24, 2024 April 24, 2025
PT Bukalapak. Com Tbk AZS 21 Mei 2024/ 20 Mei 2025/ 5.000.000 5.606.667 588.333 5.018.334
(BUKA) May 21, 2024 May 20, 2025
PT Indomobil Sukses SRP 29 Mei 2024/ 28 Mei 2025/ 300.000.000 342.466.667 42.116.667 300.350.000
Internasional Tbk (IMAS) May 29, 2024 May 28, 2025
PT Hillcon Tbk (HILL) HEM 4 Juli 2024/ 3 Januari 2025/ 40.900.000 44.434.442 38.628 44.395.814
July 4, 2024 January 3, 2025
PT Panin Financial Tbk (PNLF) PTJ 9 Juli 2024/ 9 Januari 2025/ 1.190.000 1.275.151 3.702 1.271.449
July 9, 2024 January 9, 2025
PT Delta Dunia Makmur Tbk TAN 10 Juli 2024/ 10 Januari 2025/ 10.000.000 10.817.778 40.000 10.777.778
(DOID) July 10, 2024 January 10, 2025
PT Bakrie & Brothers Tbk SIP 2 Agustus 2024/ 3 Februari 2025/ 18.000.000 19.850.000 1.550.000 18.300.000
(BNBR), PT Energi Mega August 2, 2024 February 3, 2025
Persada Tbk (ENRG)
PT Panin Financial Tbk (PNLF) PTJ 9 Agustus 2024/ 24 Januari 2025/ 799.000 851.201 7.147 844.054
August 9, 2024 January 24, 2025
PT Mega Manunggal Property HSU 16 Agustus 2024/ 14 Februari 2025/ 4.650.000 5.026.133 281.067 4.745.066
Tbk (MMLP), PT Kedoya August 16, 2024 February 14,
Adyaraya Persada Tbk 2025
(RSGK)
PT Bakrie & Brothers Tbk DSK September 2024/ 4 Maret 2025/ 42.945.832 46.832.429 3.285.356 43.547.073
(BNBR), PT Energi Mega September 4, 2024 March 4, 2025
Persada Tbk (ENRG)
PT Delta Dunia Makmur Tbk TAN 5 September 2024/ 5 Maret 2025/ 70.000.000 75.631.111 1.960.000 73.671.111
(DOID) September 5, 2024 March 5, 2025
85
Page 381
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2024
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Bukalapak. Com Tbk AZS 25 September 2024/ 25 September 5.000.000 5.608.333 596.667 5.011.666
(BUKA) September 25, 2024 2024/
September 25,
2024
PT Adaro Andalan Indonesia YPH 26 September 2024/ 26 Maret 2025/ 6.800.000 7.278.644 222.133 7.056.511
Tbk (AADI), PT Bumi September 26, 2024 March 26, 2025
Resources Mineral Tbk
(BRMS), PT Panin Financial
Tbk (PNLF), PT Petrosea Tbk
(PTRO)
PT Pantai Indah Kapuk Dua YPH 27 September 2024/ 27 Maret 2025/ 5.680.000 6.079.809 187.756 5.892.053
Tbk (PANI), PT Panin September 27, 2024 March 27, 2025
Financial Tbk (PNLF), PT
Petrosea Tbk (PTRO)
PT Bayan Resources Tbk ACC 30 September 2024/ 28 Maret 2025/ 955.000 1.014.356 28.517 985.839
(BYAN) September 30, 2024 March 28, 2025
PT Panin Financial Tbk (PNLF) YPH 1 Oktober 2024/ 1 April 2025/ 1.100.000 1.177.856 38.500 1.139.356
October 1, 2024 April 1, 2025
PT Bali Towerindo Sentra Tbk TSS 2 Oktober 2024/ 2 April 2025/ 30.500.000 32.967.111 1.233.556 31.733.555
(BALI) October 2, 2024 April 2, 2025
PT Bayan Resources Tbk ACC 3 Oktober 2024/ 3 April 2025/ 730.000 776.132 23.319 752.813
(BYAN) October 3, 2024 April 3, 2025
PT Delta Dunia Makmur Tbk TAN 3 Oktober 2024/ 3 April 2025/ 16.220.000 17.532.018 663.218 16.868.8003
(DOID) October 3, 2024 April 3, 2025
PT Bumi Resources Tbk NNW 4 Oktober 2024/ 4 April 2025/ 1.000.000 1.080.889 41.333 1.039.556
(BUMI), PT Energi Mega October 4, 2024 April 4, 2025
Persada Tbk (ENRG)
PT Delta Dunia Makmur Tbk TAN 17 Oktober 2024/ 17 April 2025/ 20.000.000 21.617.778 942.222 20.675.556
(DOID), PT Indika Energy October 17, 2024 April 17, 2025
Tbk (INDY)
PT Energi Mega Persada Tbk. SIP 18 Oktober 2024/ 17 Oktober 2025/ 30.000.000 35.915.000 5.687.500 30.227.500
(ENRG) October 18, 2024 October 17, 2025
PT Adaro Andalan Indonesia YPH 21 Oktober 2024/ 21 April 2025/ 2.695.000 2.885.746 115.286 2.770.460
Tbk (AADI), PT Bumi October 21, 2024 April 21, 2025
Resources Mineral Tbk
(BRMS), PT Bank Arta Graha
Internasional Tbk (INPC), PT
Panin Financial Tbk (PNLF)
PT Bayan Resources Tbk ACC 22 Oktober 2024/ 22 April 2025/ 2.750.000 2.923.785 105.990 2.817.795
(BYAN) October 22, 2024 April 22, 2025
PT Bayan Resources Tbk ACC 23 Oktober 2024/ 23 April 2025/ 965.000 1.025.983 37.528 988.455
(BYAN) October 23, 2024 April 23, 2025
PT Pantai Indah Kapuk Dua AHA 23 Oktober 2024/ 23 April 2025/ 4.500.000 4.807.125 189.000 4.618.125
Tbk (PANI) October 23, 2024 April 23, 2025
PT Bayan Resources Tbk ACC 24 Oktober 2024/ 5 April 2025/ 6.245.000 6.639.649 245.030 6.394.619
(BYAN), PT Pantai Indah October 24, 2024 April 5, 2025
Kapuk Dua Tbk (PANI)
PT Bayan Resources Tbk ACC 25 Oktober 2024/ 25 April 2025/ 4.875.000 5.183.073 192.969 4.990.104
(BYAN), PT Pantai Indah October 25, 2024 April 25, 2025
Kapuk Dua Tbk (PANI)
PT Pantai Indah Kapuk Dua ACC 28 Oktober 2024/ 28 April 2025/ 5.520.000 5.868.833 224.250 5.644.583
Tbk (PANI), PT Petrosea Tbk October 28, 2024 April 28, 2025
(PTRO)
PT Pantai Indah Kapuk Dua AHA 29 Oktober 2024/ 29 April 2025/ 10.510.000 11.227.308 465.068 10.762.240
Tbk (PANI) October 29, 2024 April 29, 2025
PT Mega Manunggal Property HSU 29 Oktober 2024/ 29 April 2025/ 3.500.000 3.783.111 231.778 3.551.333
Tbk (MMLP) October 29, 2024 April 29, 2025
86
Page 382
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2024
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Astrindo Nusantara BIS 30 Oktober 2024/ 12 Desember 2025/ 363.400.000 439.592.867 75.445.878 364.146.989
Infrastruktur Tbk (BIPI), PT October 30, 2024 December 12,
Bumi Resources Mineral Tbk 2025
(BRMS)
PT Energi Mega Persada Tbk ECA 30 Oktober 2024/ 30 Oktober 2025/ 33.363.000 39.959.143 6.017.851 33.941.292
(ENRG) October 30, 2024 October 30, 2025
PT Pantai Indah Kapuk Dua AHA 6 November 2024/ 6 Mei 2025/ 11.770.000 12.568.889 551.719 12.017.170
Tbk (PANI) November 6, 2024 May 6, 2025
PT Mega Manunggal Property HSU 8 November 2024/ 8 Mei 2025/ 9.610.000 10.383.071 542.431 9.840.640
Tbk (MMLP), PT Kedoya November 8, 2024 May 8, 2025
Adyaraya Persada Tbk
(RSGK
PT Adaro Andalan Indonesia YPH 8 November 2024/ 8 Mei 2025/ 7.515.000 8.043.973 371.158 7.672.815
Tbk (AADI), PT Pantai Indah November 8, 2024 May 8, 2025
Kapuk Dua Tbk (PANI), PT
Petrosea Tbk (PTRO)
PT Bumi Resources Mineral JPA 13 November 2024/ 13 Mei 2025/ 1.535.000 1.658.482 90.053 1.568.429
Tbk (BRMS), PT Bumi November 13, 2024 May 13, 2025
Resources Tbk (BUMI)
Adaro Andalan Indonesia Tbk PTJ 13 November 2024/ 13 Mei 2025/ 3.255.000 3.484.116 167.090 3.317.026
(AADI), PT Panin Financial November 13, 2024 May 13, 2025
Tbk (PNLF)
PT Bumi Resources Tbk JCN 14 November 2024/ 14 Mei 2025/ 105.000 112.919 5.819 107.100
(BUMI), PT Panin Financial November 14, 2024 May 14, 2025
Tbk (PNLF)
PT Pantai Indah Kapuk Dua AHA 15 November 2024/ 15 Mei 2025/ 3.550.000 3.790.956 178.388 3.612.568
Tbk (PANI) November 15, 2024 May 15, 2025
PT Adaro Andalan Indonesia JCN 18 November 2024/ 16 Mei 2025/ 275.000 295.510 15.469 280.041
Tbk (AADI), PT Bumi November 18, 2024 May 16, 2025
Resources Mineral Tbk
(BRMS)
PT Bali Towerindo Sentra Tbk TSS 18 November 2024/ 16 Mei 2025/ 10.900.000 11.767.156 654.000 11.113.156
(BALI) November 18, 2024 May 16, 2025
PT Adaro Andalan Indonesia PDS 19 November 2024/ 19 Mei 2025/ 3.250.000 3.511.444 199.333 3.312.111
Tbk (AADI) November 19, 2024 May 19, 2025
PT Bank Arta Graha YPH 19 November 2024/ 19 Mei 2025/ 1.075.000 1.150.668 57.692 1.092.976
Internasional Tbk (INPC), November 19, 2024 May 19, 2025
Adaro Andalan Indonesia Tbk
(AADI)
PT Adaro Andalan Indonesia PDS 20 November 2024/ 20 Mei 2025/ 16.750.000 18.097.444 1.034.777 17.062.667
Tbk (AADI) November 20, 2024 May 20, 2025
PT Bumi Resources Mineral YPH 20 November 2024/ 20 Mei 2025/ 8.790.000 9.408.718 475.148 8.933.570
Tbk (BRMS), PT Bumi November 20, 2024 May 20, 2025
Resources Tbk (BUMI), PT
Pantai Indah Kapuk Dua Tbk
(PANI)
PT Bumi Resources Mineral PDS 21 November 2024/ 21 Mei 2025/ 10.015.000 10.820.651 623.156 10.197.495
Tbk (BRMS) November 21, 2024 May 21, 2025
PT Bumi Resources Tbk YPH 21 November 2024/ 21 Mei 2025/ 5.145.000 5.507.151 280.117 5.227.034
(BUMI), PT Bank Arta Graha November 21, 2024 May 21, 2025
Internasional Tbk (INPC), PT
Panin Financial Tbk (PNLF)
PT GoTo Gojek Tokopedia Tbk PTJ 28 November 2024/ 28 Mei 2025/ 3.700.000 3.960.439 211.517 3.748.922
(GOTO), PT Panin Financial November 28, 2024 May 28, 2025
Tbk (PNLF)
87
Page 383
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2024
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Panin Financial Tbk (PNLF) PTJ 29 November 2024/ 28 Mei 2025/ 260.000 278.200 14.863 263.337
November 29, 2024 May 28, 2025
PT Adaro Andalan Indonesia PTJ 3 Desember 2024/ 26 Mei 2025/ 3.585.000 3.827.585 202.154 3.625.431
Tbk (AADI), PT Panin December 3, 2024 May 26, 2025
Financial Tbk (PNLF)
PT Bumi Resources Mineral ATU 5 Desember 2024/ 28 Mei 2025/ 74.500.000 80.621.417 5.980.694 74.640.723
Tbk (BRMS) December 5, 2024 May 28, 2025
PT Energi Mega Persada Tbk ATU 5 Desember 2024/ 5 Juni 2025/ 20.151.515 21.883.426 1.474.979 20.408.447
(ENRG) December 5, 2024 June 5, 2025
PT Bumi Resources Mineral ATU 5 Desember 2024/ 3 Maret 2025/ 36.202.020 37.706.415 1.042.819 36.663.596
Tbk (BRMS) December 5, 2024 March 3, 2025
PT Bumi Resources Mineral BCI 5 Desember 2024/ 5 Juni 2025/ 55.202.020 59.946.327 4.040.481 55.905.846
Tbk (BRMS), PT Bumi December 5, 2024 June 5, 2025
Resources Tbk (BUMI), PT
Energi Mega Persada Tbk
(ENRG)
PT Bumi Resources Mineral BCI 5 Desember 2024/ 5 Juni 2025/ 77.000.000 83.617.722 5.635.972 77.981.750
Tbk (BRMS) December 5, 2024 June 5, 2025
PT Bumi Resources Mineral BIS 5 Desember 2024/ 3 Maret 2025/ 36.202.020 37.706.415 1.042.819 36.663.596
Tbk (BRMS) December 5, 2024 March 3, 2025
PT Delta Dunia Makmur Tbk STJ 5 Desember 2024/ 5 Maret 2025/ 1.000.000 1.045.000 31.500 1.013.500
(DOID), PT Indika Energy December 5, 2024 March 5, 2025
Tbk (INDY), PT Jaya
Konstruksi Manggala
Pratama Tbk (JKON), PT
Lippo Cikarang Tbk (LPCK)
PT Panin Financial Tbk (PNLF) PTJ 5 Desember 2024/ 5 Juni 2025/ 1.400.000 1.498.544 84.389 1.414.155
December 5, 2024 June 5, 2025
PT Adaro Andalan Indonesia YPH 6 Desember 2024/ 5 Juni 2025/ 6.340.000 6.786.266 382.161 6.404.105
Tbk (AADI), PT Bank Arta December 5, 2024 June 5, 2025
Graha Internasional Tbk
(INPC), PT Panin Financial
Tbk (PNLF)
PT Panin Financial Tbk (PNLF) CAY 10 Desember 2024/ 21 Mei 2025/ 120.000 128.100 7.000 121.100
December 10, 2024 May 21, 2025
PT Energi Mega Persada Tbk BKI 12 Desember 2024/ 12 Juni 2025/ 75.000.000 82.583.333 6.750.000 75.833.333
(ENRG) December 12, 2024 June 12, 2025
PT Energi Mega Persada Tbk BKI 12 Desember 2024/ 14 Februari 2025/ 100.000.000 103.247.289 4.505.613 98.741.676
(ENRG) December 12, 2024 February 14, 2025
PT Bumi Resources Mineral BIS 12 Desember 2024/ 5 Juni 2025/ 63.000.000 68.206.250 4.611.250 63.595.000
Tbk (BRMS), PT Energi Mega December 12, 2024 June 5, 2025
Persada Tbk (ENRG)
PT Petrosea Tbk (PTRO) ACC 13 Desember 2024/ 13 Juni 2025/ 160.000 170.111 9.056 161.055
December 13, 2024 June 13, 2025
PT Adaro Andalan Indonesia JCN 13 Desember 2024/ 13 Juni 2025/ 170.000 182.892 11.546 171.346
Tbk (AADI), PT Bumi December 13, 2024 June 13, 2025
Resources Tbk (BUMI), PT
Panin Financial Tbk (PNLF)
PT Adaro Andalan Indonesia PTJ 13 Desember 2024/ 13 Juni 2025/ 90.000 96.370 5.705 90.665
Tbk (AADI) December 13, 2024 June 13, 2025
PT Pantai Indah Kapuk Dua ACC 16 Desember 2024/ 16 Juni 2025/ 1.330.000 1.414.049 76.660 1.337.389
Tbk (PANI) December 16, 2024 June 16, 2025
PT Panin Financial Tbk (PNLF) CAY 16 Desember 2024/ 16 Juni 2025/ 30.000 32.275 2.075 30.200
December 16, 2024 June 16, 2025
88
Page 384
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2024
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Adaro Andalan Indonesia JCN 16 Desember 2024/ 16 Juni 2025/ 90.000 96.825 6.225 90.600
Tbk (AADI) December 16, 2024 June 16, 2025
PT Adaro Andalan Indonesia PTJ 16 Desember 2024/ 16 Juni 2025/ 1.930.000 2.066.601 124.592 1.942.009
Tbk (AADI) December 16, 2024 June 16, 2025
PT Panin Financial Tbk (PNLF) CAY 18 Desember 2024/ 18 Juni 2025/ 1.000.000 1.075.833 70.000 1.005.833
December 18, 2024 June 18, 2025
PT Adaro Andalan Indonesia PTJ 18 Desember 2024/ 18 Juni 2025/ 3.700.000 3.961.878 241.733 3.720.145
Tbk (AADI) December 18, 2024 June 18, 2025
PT BFI Finance Indonesia Tbk PTL 19 Desember 2024/ 20 Maret 2025/ 90.000.000 93.185.000 2.730.000 90.455.000
(BFIN), PT Bank Ina Perdana December 19, 2024 March 20, 2025
Tbk (BINA), PT Bukalapak.
com Tbk (BUKA), PT Surya
Essa Perkasa Tbk (ESSA),
PT Sarana Meditama
Metropolitan Tbk (SAME)
PT Adaro Andalan Indonesia PTJ 19 Desember 2024/ 19 Juni 2025/ 3.530.000 3.779.846 231.999 3.547.847
Tbk (AADI) December 19, 2024 June 19, 2025
PT Darma Henwa Tbk (DEWA), ASE 20 Desember 2024/ 20 Maret 2025/ 10.000.000 10.425.000 368.333 10.056.667
PT Rig Tenders Indonesia December 20, 2024 March 20, 2025
Tbk (RIGS), PT Integra
Indocabinet Tbk (WOOD)
PT Adaro Andalan Indonesia CAY 20 Desember 2024/ 20 Juni 2025/ 500.000 537.917 35.417 502.500
Tbk (AADI) December 20, 2024 June 20, 2025
PT Pembangunan Perumahan SUS 20 Desember 2024/ 20 Januari 2025/ 4.500.000 4.562.000 38.000 4.524.000
(Persero) Tbk (PTPP), PT December 20, 2024 January 20, 2025
Wijata Karya Beton Tbk
(WTON)
PT Bumi Resources Tbk CAY 23 Desember 2024/ 23 Juni 2025/ 500.000 537.917 36.042 501.875
(BUMI) December 23, 2024 June 23, 2025
PT Pantai Indah Kapuk Dua AHA 24 Desember 2024/ 24 Januari 2025/ 21.500.000 21.749.938 185.438 21.564.500
Tbk (PANI) December 24, 2024 January 24, 2025
PT Panin Financial Tbk (PNLF) PTJ 24 Desember 2024/ 24 Juni 2025/ 1.296.000 1.387.728 87.696 1.300.032
December 24, 2024 June 24, 2025
PT Bali Bintang Sejahtera Tbk ZAR 24 Desember 2024/ 24 Januari 2025/ 43.000.000 43.518.389 384.611 43.133.778
(BOLA), PT Industri dan December 24, 2024 January 24, 2025
Perdagangan Bintraco
Dharma Tbk (CARS), PT
Dian Swastatika Tbk (DSSA),
PT Multistrada Arah Sarana
Tbk (MASA), PT Panin
Financial Tbk (PNLF), PT
Sarana Meditama
Metropolitan Tbk (SAME), PT
Sinar Mas Agro Resources
and Technology Tbk (SMAR),
PT Trimegah Sekuritas
Indonesia Tbk (TRIM)
PT Petrindo Jaya Kreasi Tbk ACC 27 Desember 2024/ 26 Juni 2025/ 2.700.000 2.869.688 165.000 2.704.688
(CUAN), PT Petrosea Tbk December 27, 2024 June 26, 2025
(PTRO)
PT Pantai Indah Kapuk Dua AHA 27 Desember 2024/ 26 Juni 2025/ 59.665.000 63.714.762 3.937.890 59.776.872
Tbk (PANI) December 27, 2024 June 26, 2025
PT GoTo Gojek Tokopedia Tbk ISU 27 Desember 2024/ 26 Juni 2025/ 605.000 650.627 44.367 606.260
(GOTO) December 27, 2024 June 26, 2025
PT Pantai Indah Kapuk Dua ACC 30 Desember 2024/ 30 Juni 2025/ 780.000 829.292 48.750 780.542
Tbk (PANI) December 30, 2024 June 30, 2025
89
Page 385
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/December 31, 2024
Piutang
Pendapatan transaksi
Nilai jual diterima repo/
Tanggal Nilai beli/ kembali/ dimuka/ Receivables
Efek/ Pihak/ transaksi/ Jatuh tempo/ Purchase Resell Unearned from repo
Securities Counterparty Trade date Maturity date amount amount interest income transactions
PT Adaro Andalan Indonesia JCN 30 Desember 2024/ 12 Juni 2025/ 130.000 138.883 8.775 130.108
Tbk (AADI), PT Bumi December 30, 2024 June 12, 2025
Resources Mineral Tbk
(BRMS), PT Bumi Resources
Tbk (BUMI)
PT Bumi Resources Mineral JCN 30 Desember 2024/ 30 Juni 2025/ 62.000 66.702 4.650 62.052
Tbk (BRMS) December 30, 2024 June 30, 2025
Total 1.964.263.407 2.181.066.638 195.063.148 1.986.003.490
Cadangan kerugian penurunan nilai piutang transaksi repo/
Allowance for impairment losses on receivables from repo transactions (46.364.332)
Neto/Net 1.939.639.158
Rata-rata tingkat bunga piutang transaksi repo Average interest rate on receivables from repo
adalah 16% dan 15% per tahun untuk 2025 dan transactions is 16% and 15% per annum in 2025
2024. and 2024.
Tabel berikut menunjukkan analisis nilai wajar The following table shows an analysis of shares
jaminan saham untuk piutang transaksi repo collateral fair value for receivables from repo
berdasarkan harga pasar kuotasi: transactions based on quoted market prices:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Nilai Pasar/ Nilai Pasar/
Efek Market Value Market Value Securities
PT Impack Pratama Industri Tbk (IMPC) 7.552.741.596 - PT Impack Pratama Industri Tbk (IMPC)
PT Bumi Resources Minerals Tbk (BRMS) 6.099.881.920 1.401.970.617 PT Bumi Resources Minerals Tbk (BRMS)
PT Energi Mega Persada Tbk (ENRG) 5.043.395.360 1.005.134.349 PT Energi Mega Persada Tbk (ENRG)
PT Amman Mineral Internasional Tbk (AMMN) 1.098.675.000 - PT Amman Mineral Internasional Tbk (AMMN)
PT Darma Henwa Tbk (DEWA) 1.025.407.120 12.463.646 PT Darma Henwa Tbk (DEWA)
PT Indomobil Sukses Internasional Tbk (IMAS) 693.120.000 493.225.000 PT Indomobil Sukses Internasional Tbk (IMAS)
PT Bakrie & Brothers Tbk (BNBR) 376.555.000 103.775.000 PT Bakrie & Brothers Tbk (BNBR)
PT Bank Ina Perdana Tbk (BINA) 314.749.449 199.025.000 PT Bank Ina Perdana Tbk (BINA)
PT Chandra Daya Investasi Tbk (CDIA) 289.711.600 - PT Chandra Daya Investasi Tbk (CDIA)
PT Astrindo Nusantara Infrastruktur Tbk (BIPI) 251.493.429 254.417.771 PT Astrindo Nusantara Infrastruktur Tbk (BIPI)
PT Hillcon Tbk (HILL) 205.720.000 103.630.000 PT Hillcon Tbk (HILL)
PT Bali Towerindo Sentra Tbk (BALI) 202.822.901 198.834.810 PT Bali Towerindo Sentra Tbk (BALI)
PT Delta Dunia Makmur Tbk (DOID) 159.447.280 309.873.150 PT Delta Dunia Makmur Tbk (DOID)
PT Jaya Sukses Makmur Sentosa Tbk (RISE) 135.375.000 - PT Jaya Sukses Makmur Sentosa Tbk (RISE)
PT Barito Pacific Tbk (BRPT) 116.085.000 - PT Barito Pacific Tbk (BRPT)
PT Trimegah Sekuritas Indonesia Tbk (TRIM) 97.059.277 61.146.867 PT Trimegah Sekuritas Indonesia Tbk (TRIM)
PT Petrosea Tbk (PTRO) 94.241.235 23.928.775 PT Petrosea Tbk (PTRO)
PT Bukalapak.com Tbk (BUKA) 93.686.274 59.973.875 PT Bukalapak.com Tbk (BUKA)
PT Bank Mandiri (Persero) Tbk (BMRI) 86.700.000 - PT Bank Mandiri (Persero) Tbk (BMRI)
PT Merdeka Gold Resources Tbk (EMAS) 86.025.000 - PT Merdeka Gold Resources Tbk (EMAS)
PT Industri dan Perdagangan Bintraco PT Industri dan Perdagangan Bintraco
Dharma Tbk (CARS) 85.400.012 61.798.941 Dharma Tbk (CARS)
PT Sarana Meditama Metropolitan Tbk (SAME) 51.529.542 72.732.000 PT Sarana Meditama Metropolitan Tbk (SAME)
PT MNC Land Tbk (KPIG) 39.368.000 - PT MNC Land Tbk (KPIG)
PT Perintis Triniti Properti Tbk (TRIN) 31.075.000 - PT Perintis Triniti Properti Tbk (TRIN)
PT Mega Manunggal Properti Tbk (MMLP) 29.399.330 16.498.398 PT Mega Manunggal Properti Tbk (MMLP)
PT Media Nusantara Citra Tbk (MNCN) 24.719.700 26.040.600 PT Media Nusantara Citra Tbk (MNCN)
PT RMK Energy Tbk (RMKE) 14.812.500 - PT RMK Energy Tbk (RMKE)
PT Indika Energy Tbk (INDY) 9.976.960 6.658.730 PT Indika Energy Tbk (INDY)
PT Bangun Kosambi Sukses Tbk (CBDK) 9.318.750 - PT Bangun Kosambi Sukses Tbk (CBDK)
PT Bukit Uluwatu Villa Tbk (BUVA) 8.729.200 - PT Bukit Uluwatu Villa Tbk (BUVA)
PT Bumi Resources Tbk (BUMI) 8.150.820 58.521.540 PT Bumi Resources Tbk (BUMI)
90
Page 386
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Nilai Pasar/ Nilai Pasar/
Efek Market Value Market Value Securities
PT Raharja Energi Cepu Tbk (RATU) 8.126.250 - PT Raharja Energi Cepu Tbk (RATU)
PT Homeco Victoria Makmur Tbk (LIVE) 7.656.000 - PT Homeco Victoria Makmur Tbk (LIVE)
PT Bank Negara Indonesia (Persero) Tbk (BBNI) 6.555.000 - PT Bank Negara Indonesia (Persero) Tbk (BBNI)
PT Archi Indonesia Tbk (ARCI) 6.003.720 - PT Archi Indonesia Tbk (ARCI)
PT Sentul City Tbk (BKSL) 5.824.100 - PT Sentul City Tbk (BKSL)
PT Integra Indocabinet Tbk (WOOD) 4.347.000 14.005.272 PT Integra Indocabinet Tbk (WOOD)
PT Solusi Sinergi Digital Tbk (WIFI) 3.688.750 - PT Solusi Sinergi Digital Tbk (WIFI)
PT Indokripto Koin Semesta Tbk (COIN) 2.192.200 - PT Indokripto Koin Semesta Tbk (COIN)
PT Geoprima Solusi Tbk (GPSO) 1.859.800 - PT Geoprima Solusi Tbk (GPSO)
PT WIR ASIA Tbk (WIRG) 1.842.400 - PT WIR ASIA Tbk (WIRG)
PT Rukun Raharja Tbk (RAJA) 1.708.000 - PT Rukun Raharja Tbk (RAJA)
PT Paramita Bangun Sarana Tbk (PBSA) 1.703.700 - PT Paramita Bangun Sarana Tbk (PBSA)
PT Medco Energi Internasional Tbk (MEDC) 1.143.250 - PT Medco Energi Internasional Tbk (MEDC)
PT Lippo Cikarang Tbk (LPCK) 1.138.500 1.009.800 PT Lippo Cikarang Tbk (LPCK)
PT Surya Esa Perkasa Tbk (ESSA) 871.261 20.655.000 PT Surya Esa Perkasa Tbk (ESSA)
PT TBS Energi Utama Tbk (TOBA) 740.000 - PT TBS Energi Utama Tbk (TOBA)
PT Eagle High Plantations Tbk (BWPT) 715.000 - PT Eagle High Plantations Tbk (BWPT)
PT Multipolar Tbk (MLPL) 486.500 - PT Multipolar Tbk (MLPL)
PT Rig Tenders Indonesia Tbk (RIGS) 420.750 2.220.328 PT Rig Tenders Indonesia Tbk (RIGS)
PT Lippo Karawaci Tbk (LPKR) 336.000 - PT Lippo Karawaci Tbk (LPKR)
PT Bank Central Asia Tbk (BBCA) 282.625 - PT Bank Central Asia Tbk (BBCA)
PT Jaya Konstruksi Manggala Pratama Tbk (JKON) 240.800 229.600 PT Jaya Konstruksi Manggala Pratama Tbk (JKON)
PT Sinar Mas Agro Resources and PT Sinar Mas Agro Resources and
Technology Tbk (SMAR) 190.800 146.000 Technology Tbk (SMAR)
PT Asuransi Jiwa Syariah Jasa Mitra PT Asuransi Jiwa Syariah Jasa Mitra
Abadi Tbk (JMAS) 73.500 - Abadi Tbk (JMAS)
PT Buana Lintas Lautan Tbk (BULL) 63.000 - PT Buana Lintas Lautan Tbk (BULL)
PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) 728 - PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM)
PT Petrindo Jaya Kreasi Tbk (CUAN) 234 1.702.125 PT Petrindo Jaya Kreasi Tbk (CUAN)
PT BFI Finance Indonesia Tbk (BFIN) 70 28.350.000 PT BFI Finance Indonesia Tbk (BFIN)
PT Surya Citra Media Tbk (SCMA) 67 - PT Surya Citra Media Tbk (SCMA)
PT Bali Bintang Sejahtera Tbk (BOLA) 35 218.804 PT Bali Bintang Sejahtera Tbk (BOLA)
PT Wahana Interfood Nusantara Tbk (COCO) 33 - PT Wahana Interfood Nusantara Tbk (COCO)
PT Hasnur Internasional Shipping Tbk (HAIS) 24 - PT Hasnur Internasional Shipping Tbk (HAIS)
PT Pantai Indah Kapuk Dua Tbk (PANI) - 251.404.800 PT Pantai Indah Kapuk Dua Tbk (PANI)
PT Adaro Andalan Indonesia Tbk (AADI) - 58.847.858 PT Adaro Andalan Indonesia Tbk (AADI)
PT Panin Financial Tbk (PNLF) - 29.713.000 PT Panin Financial Tbk (PNLF)
PT Bayan Resources Tbk (BYAN) - 19.946.250 PT Bayan Resources Tbk (BYAN)
PT Dian Swastatika Sentosa Tbk (DSSA) - 14.800.000 PT Dian Swastatika Sentosa Tbk (DSSA)
PT Kedoya Adyaraya Persada Tbk (RSGK) - 14.187.960 PT Kedoya Adyaraya Persada Tbk (RSGK)
PT Bank Artha Graha Internasional Tbk (INPC) - 6.976.400 PT Bank Artha Graha Internasional Tbk (INPC)
PT PP (Persero) Tbk (PTPP) - 5.376.000 PT PP (Persero) Tbk (PTPP)
PT Multistrada Arah Sarana Tbk (MASA) - 4.806.240 PT Multistrada Arah Sarana Tbk (MASA)
PT GoTo Gojek Tokopedia Tbk (GOTO) - 4.396.000 PT GoTo Gojek Tokopedia Tbk (GOTO)
PT Wijaya Karya Beton Tbk (WTON) - 1.231.923 PT Wijaya Karya Beton Tbk (WTON)
Total 24.393.582.352 4.949.872.429 Total
Piutang transaksi repo dijaminkan dengan saham Receivable from repo transactions are guaranteed
dengan rasio agunan di atas 135% - 200% (sesuai with shares with collateral ratios of 135% - 200% (in
dengan perjanjian antara Perusahaan dengan pihak accordance with the agreement between the
nasabah) dari nilai pembelian yang harus terus Company and the customer) of the value of
dijaga. Apabila nilai rasio agunan berada di bawah purchases that must be maintained. If the collateral
rasio yang diperjanjikan maka nasabah ratio is below the agreed ratio, the customer is
berkewajiban untuk melunasi sebagian piutang atau obliged to pay off a portion of the receivables or add
menambah jaminan. Pada tanggal 31 Desember collateral. As of December 31, 2025 and 2024, all
2025 dan 2024, seluruh saldo piutang transaksi repo reverse repo balances have collateral ratios of
memiliki rasio jaminan masing-masing sebesar 129% - 3930% and 122% - 553%, respectively.
129% - 3930% dan 122% - 553%.
91
Page 387
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
Analisis atas perubahan dalam nilai tercatat bruto An analysis of change in the gross carrying amount
dan cadangan atas kerugian kredit ekspektasian and the corresponding expected credit loss
terkait untuk piutang transaksi repo adalah sebagai allowances of receivables from repo transactions is
berikut: as follows:
31 Desember/December 31, 2025
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ Originated
ekspektasian Lifetime ECL Lifetime ECL Credit Impaired
12 bulan/ Not Credit- Credit- Financial
12-month ECL Impaired impaired Assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 1.431.215.504 513.724.944 41.063.042 - 1.986.003.490 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Pengukuran kembali Net remeasurement of
bersih nilai tercatat 327.939.992 132.502 - - 328.072.494 carrying value
Aset keuangan baru yang New financial assets
diterbitkan atau dibelI 2.451.768.234 603.704.439 2.123.274 - 3.057.595.947 originated or purchased
Pembayaran kembali (658.683.601) (453.948.073) (41.063.042) - (1.153.694.716) Repayment
Nilai tercatat bruto Gross carrying amount as
31 Desember 2025 3.552.240.129 663.613.812 2.123.274 - 4.217.977.215 at December 31, 2025
Penyisihan atas ECL ECL allowance as
31 Desember 2024 21.915.729 14.674.880 9.773.723 - 46.364.332 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai (2.236.059) 2.236.059 - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Pengukuran kembali bersih Net remeasurement of
penyisihan kerugian 15.534.670 4.869.457 (9.241.415) - 11.162.712 allowance for losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 9.466.902 6.105.040 9.773.723 - 25.345.665 originated or purchased
Pembayaran kembali (13.272.895) (13.210.205) (9.773.723) - (36.256.823) Repayment
Penyisihan atas ECL ECL allowance as
31 Desember 2025 31.408.347 14.675.231 532.308 - 46.615.886 at December 31, 2025
92
Page 388
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. PIUTANG TRANSAKSI REPO - NETO (lanjutan) 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET (continued)
Analisis atas perubahan dalam nilai tercatat bruto An analysis of change in the gross carrying amount
dan cadangan atas kerugian kredit ekspektasian and the corresponding expected credit loss
terkait untuk piutang transaksi repo adalah sebagai allowances of receivables from repo transactions is
berikut: (lanjutan) as follows: (continued)
31 Desember/December 31, 2024
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ Originated
ekspektasian Lifetime ECL Lifetime ECL Credit Impaired
12 bulan/ Not Credit- Credit- Financial
12-month ECL Impaired impaired Assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2023 751.577.250 395.819.079 3.215.948 - 1.150.612.277 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Pengukuran kembali Net remeasurement of
bersih nilai tercatat 138.283.704 62.000 - - 138.345.704 carrying value
Aset keuangan baru yang New financial assets
diterbitkan atau dibelI 595.769.692 198.789.238 41.063.042 - 835.621.972 originated or purchased
Pembayaran kembali (54.415.142) (80.945.373) (3.215.948) - (138.576.463) Repayment
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 1.431.215.504 513.724.944 41.063.042 - 1.986.003.490 at December 31, 2024
Penyisihan atas ECL ECL allowance as
31 Desember 2023 5.391.093 5.853.753 676.671 - 11.921.517 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Pengukuran kembali bersih Net remeasurement of
penyisihan kerugian 9.673.406 4.377.223 - - 14.050.629 allowance for losses
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 9.466.902 6.105.040 9.773.723 - 25.345.665 originated or purchased
Pembayaran kembali (2.615.672) (1.661.136) (676.671) - (4.953.479) Repayment
Penyisihan atas ECL ECL allowance as
31 Desember 2024 21.915.729 14.674.880 9.773.723 - 46.364.332 at December 31, 2024
Perusahaan dan entitas anaknya berkeyakinan The Company and its subsidiaries believes that the
bahwa cadangan kerugian penurunan nilai tersebut allowance for impairment losses is adequate.
telah memadai.
93
Page 389
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PIUTANG LAIN-LAIN - NETO 9. OTHER RECEIVABLES - NET
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Piutang lain-lain pihak ketiga (a) 12.100.000 17.100.000 Other receivable from third party (b)
Piutang biaya penyimpanan efek 2.806.289 3.726.798 Safekeeping fee receivables
Piutang jasa penjualan reksa dana 2.520.828 2.065.388 Mutual funds selling fee receivables
Piutang lain-lain dari piutang Other receivables from receivables
transaksi repo (c) 2.230.565 1.734.515 from repo transactions (c)
Piutang bunga portofolio efek 994.299 3.090.246 Interest receivable on marketable securities
Piutang bunga deposito berjangka Interest receivable on time deposits
dan rekening giro 958.209 684.404 and current accounts
Piutang karyawan (b) (Catatan 36) 688.705 480.957 Employee receivables (b) (Note 36)
Piutang redemption reksadana - 3.500.000 Mutual funds redemption receivable
Lain-lain (d) 492.980 221.366 Others (d)
Total 22.791.875 32.603.674 Total
Dikurangi: cadangan
kerugian penurunan nilai (13.308.504) (17.999.507) Less: Allowance for impairment losses
Neto 9.483.371 14.604.167 Net
Analisis atas perubahan dalam nilai tercatat bruto An analysis of change in the gross carrying amount
dan cadangan atas kerugian kredit ekspektasian and the corresponding expected credit loss
terkait untuk piutang lain-lain adalah sebagai allowances of other receivables is as follows:
berikut:
31 Desember/December 31, 2025
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ Originated
ekspektasian Lifetime ECL Lifetime ECL Credit Impaired
12 bulan/ Not Credit- Credit- Financial
12-month ECL Impaired impaired Assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 15.785.221 - 16.818.453 - 32.603.674 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak -
mengalami penurunan nilai - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai (281.547) - 281.547 - - Lifetime ECL Credit-impaired-
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 3.439.172 - - - 3.439.172 originated or purchased
Pembayaran kembali (8.250.971) - (5.000.000) - (13.250.971) Repayment
Penghapusbukuan - - - - - Write-offs
Nilai tercatat bruto Gross carrying amount as
31 Desember 2025 10.691.875 - 12.100.000 - 22.791.875 at December 31, 2025
94
Page 390
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PIUTANG LAIN-LAIN - NETO (lanjutan) 9. OTHER RECEIVABLES - NET (continued)
31 Desember/December 31, 2025
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ Originated
ekspektasian Lifetime ECL Lifetime ECL Credit Impaired
12 bulan/ Not Credit- Credit- Financial
12-month ECL Impaired impaired Assets Total
Penyisihan atas ECL ECL allowance as
31 Desember 2024 899.507 - 17.100.000 - 17.999.507 at December 31, 2024
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit - -
mengalami penurunan nilai - - - Lifetime ECL Credit-impaired-
Pengukuran kembali bersih Net remeasurement of
penyisihan kerugian 308.997 - (5.000.000) - (4.691.003) loss allowance
Penghapusbukuan - - - - - Write-offs
Penyisihan atas ECL ECL allowance as
31 Desember 2025 1.208.504 - 12.100.000 - 13.308.504 at December 31, 2025
31 Desember/December 31, 2024
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ Originated
ekspektasian Lifetime ECL Lifetime ECL Credit Impaired
12 bulan/ Not Credit- Credit- Financial
12-month ECL Impaired impaired Assets Total
Nilai tercatat bruto Gross carrying amount as
31 Desember 2023 11.269.912 - 37.621.378 - 48.891.290 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak -
mengalami penurunan nilai - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit
mengalami penurunan nilai - - - - - Lifetime ECL Credit-impaired-
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 6.148.164 - - - 6.148.164 originated or purchased
Pembayaran kembali (1.632.855) - - - (1.632.855) Repayment
Penghapusbukuan - - (20.802.925) - (20.802.925) Write-offs
Nilai tercatat bruto Gross carrying amount as
31 Desember 2024 15.785.221 - 16.818.453 - 32.603.674 at December 31, 2024
95
Page 391
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PIUTANG LAIN-LAIN - NETO (lanjutan) 9. OTHER RECEIVABLES - NET (continued)
31 Desember/December 31, 2024
Kerugian Kredit
atas aset
keuangan yang
Kerugian kredit Kerugian kredit dibeli atau
ekspektasian ekspektasian berasal dari
sepanjang sepanjang aset keuangan
umurnya- umurnya- memburuk/
kredit tidak kredit Purchased or
Kerugian kredit memburuk/ memburuk/ Originated
ekspektasian Lifetime ECL Lifetime ECL Credit Impaired
12 bulan/ Not Credit- Credit- Financial
12-month ECL Impaired impaired Assets Total
Penyisihan atas ECL ECL allowance as
31 Desember 2023 - - 37.902.925 - 37.902.925 at December 31, 2023
Pengalihan ke: Transfer to:
-Kerugian ekspektasian 12 bulan - - - - - 12-month ECL-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit tidak
mengalami penurunan nilai - - - - - Lifetime ECL Not Credit-impaired-
-Kerugian kredit ekspektasian
sepanjang umurnya - kredit - -
mengalami penurunan nilai - - - Lifetime ECL Credit-impaired-
Pengukuran kembali bersih Net remeasurement of
penyisihan kerugian 899.507 - - - 899.507 loss allowance
Penghapusbukuan - - (20.802.925) - (20.802.925) Write-offs
Penyisihan atas ECL ECL allowance as
31 Desember 2024 899.507 - 17.100.000 - 17.999.507 at December 31, 2024
a. Pada tanggal 31 Desember 2025 dan 2024, a. As of December 31, 2025 and 2024, the
Perusahaan memiliki piutang lain-lain dari pihak Company has a receivable from a third party.
ketiga. Pada tanggal 23 Juni 2020, Perusahaan On June 23, 2020, the Company and the third
dan pihak ketiga tersebut menandatangani party signed Debt Agreement Letter. This other
Perjanjian Pengakuan Utang. Piutang lain-lain receivable has collateral in the form of land and
ini memiliki jaminan berupa tanah dan building which has been binding notarized.
bangunan yang telah dilakukan pengikatan
secara notariil.
b. Piutang karyawan merupakan pinjaman b. Employee receivables represent loans given to
karyawan yang pembayarannya dilakukan employees. which are collected through
melalui pemotongan gaji bulanan. Pinjaman monthly salary deductions. The loans are
dikenakan bunga sebesar 14% per tahun. charged with an interest rate of 14% per annum.
c. Pada tanggal 31 Desember 2025 dan 2024, c. As of December 31, 2025 and 2024, the
Perusahaan memiliki piutang lain-lain dari Company had other receivables from
piutang transaksi repo. Piutang ini berasal dari receivables from repo transactions. These
reklasifikasi piutang transaksi repo, baik pokok receivables originate from the reclassification of
ataupun bunga yang telah jatuh tempo, namun receivables from repo transactions, both
belum diselesaikan. Piutang lain-lain ini principal and interest that have matured, but not
memiliki jaminan berupa saham dan sedang yet been settled. These other receivables have
dalam proses penjualan paksa sebagai collateral in the form of shares and are in the
penyelesaiannya. process of being forced-sell as settlement.
Pada tanggal 31 Desember 2024, Perusahaan As of December 31, 2024, the Company
menghapuskan sebagian piutang lain-lain dari partially wrote off other receivables from
piutang transaksi repo yang telah dibentuk receivables from repo transactions for which
cadangan kerugian penurunan nilai sebesar allowance for impairment losses had been
Rp20.802.925. provided amounting to Rp20,802,925.
96
Page 392
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PIUTANG LAIN-LAIN - NETO (lanjutan) 9. OTHER RECEIVABLES - NET (continued)
d. Lain-lain terutama terdiri dari piutang atas d. Others mainly consist of cost sharing
sharing cost dari program pemasaran atas receivables from marketing programs on the
penjualan saham, obligasi, maupun reksadana. sale of shares, bonds and mutual funds.
Manajemen berkeyakinan bahwa cadangan Management believes that the allowance for
penurunan nilai piutang yang dibentuk tersebut telah impairment losses provided for these receivables is
memadai. adequatate.
10. BIAYA DIBAYAR DIMUKA 10. PREPAID EXPENSES
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Komisi agen penjualan 13.485.992 26.249.455 Selling agent comission fee
Lisensi dan jasa pemeliharaan software 9.193.955 4.316.252 Software license and maintenance fee
Asuransi 2.795.210 1.961.196 Insurance
Biaya layanan gedung kantor 1.223.866 329.612 Office building’s service charge
Provisi pinjaman bank 1.141.495 602.474 Bank loan’s provision
Lain-lain 307.774 765.820 Others
Total 28.148.292 34.224.809 Total
Komisi agen penjualan merupakan komisi yang Selling agent commission fee represents
dibayarkan pada agen penjual atas penjualan commission paid to selling agents for selling the
reksadana terproteksi yang akan diamortisasi protected mutual funds which will be amortized over
selama periode reksadana terproteksi. the period of the protected mutual funds.
Biaya dibayar dimuka untuk lisensi dan jasa Prepaid software license and maintenance fee
pemeliharaan software merupakan biaya lisensi dan pertains to advance payment for licenses and
jasa pemeliharaan atas perangkat lunak yang maintenance fee related to institutional and
digunakan untuk transaksi nasabah institusi dan individual customers’ transactions.
perorangan.
Biaya asuransi dibayar dimuka merupakan biaya Prepaid insurance represent premium costs for loss
premi atas asuransi kerugian maupun asuransi insurance and health insurance.
kesehatan.
Biaya layanan gedung kantor dibayar dimuka adalah Prepaid office building’s service charge pertains to
untuk pihak ketiga atas gedung kantor pusat dan advance payment to third parties for the
kantor-kantor cabang Perusahaan dan entitas headquarters and branch offices buildings of the
anaknya. Company and its subsidiaries.
Lain-lain terutama terdiri atas biaya uang muka Others mainly consist of advances for Company’s
kegiatan operasional Perusahaan. operational activities.
11. PENYERTAAN SAHAM 11. INVESTMENT IN SHARES
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Bursa Efek Indonesia (BEI) 7.500.000 7.500.000 Indonesia Stock Exchange (IDX)
Kustodian Sentral Indonesia Central
Efek Indonesia (KSEI) 3.000.000 3.000.000 Securities Depository (ICSD)
Total 10.500.000 10.500.000 Total
97
Page 393
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PENYERTAAN SAHAM (lanjutan) 11. INVESTMENT IN SHARES (continued)
Investasi saham pada BEI dan KSEI merupakan Investments in shares of IDX and ICSD are one of
salah satu persyaratan sebagai anggota bursa. the requirements for members of the stock
Perusahaan memiliki investasi saham sebanyak 1 exchange. The Company owns one share of stock
(satu) saham di BEI dan sebanyak 60 (enam puluh) of IDX and 60 (sixty) shares of stock of ICSD.
saham di KSEI.
Sesuai dengan Keputusan Rapat Pemegang Saham Based on Annual General Shareholders Metting of
Tahunan PT Bursa Efek Indonesia PT Bursa Efek Indonesia (“PT BEI”)
(“PT BEI”) Tahun 2023 dan Akta No. 2 tanggal and Notary Deed No. 2 dated September 1, 2023
1 September 2023 perihal peningkatan modal concerning capital increase of PT BEI in which par
PT BEI dimana nilai nominal saham PT BEI value per share increased from Rp135,000,000 (full
ditingkatkan dari sebelumnya sebesar Rupiah) to Rp7,500,000,000 (full Rupiah).
Rp135.000.000 (Rupiah penuh) per lembar saham
menjadi sebesar Rp7.500.000.000 (Rupiah penuh)
per lembar saham.
Modal dasar PT BEI ditingkatkan dari sebelumnya PT BEI’s capital stock increased from
Rp27.000.000.000 (Rupiah penuh) menjadi sebesar Rp27,000,000,000 (full Rupiah) to
Rp1.500.000.000.000 (Rupiah penuh) dan modal Rp1,500,000,000,000 (full Rupiah), and issued and
ditempatkan dan disetor penuh meningkat dari paid up capital increased
sebelumnya Rp13.905.000.000 (Rupiah penuh) from Rp13,905,000,000 (full Rupiah) to
menjadi Rp772.500.000.000 (Rupiah penuh). Rp772,500,000,000 (full Rupiah). The par value
Kenaikan nilai nominal saham tersebut dicatat increase was recognized as dividend income.
sebagai pendapatan dividen.
Sesuai dengan Persetujuan OJK melalui surat Based on Approval Letter OJK
No. S-41/D.04/2022 tertanggal 18 Maret 2022, No. S-41/D.04/2022 dated March 18, 2022, Annual
Keputusan Rapat Pemegang Saham Tahunan General Shareholders Metting of PT KSEI on June
PT KSEI Tahun 2022 tanggal 30 Juni 2022, 30, 2022, Approval Letter OJK
Persetujuan OJK dengan surat No. S-720/PM.21/2022 dated August 18, 2022, and
No. S-720/PM.21/2022 tertanggal 18 Agustus 2022, Notary Deed No. 9 dated August 24, 2022 which has
dan Akta No. 9 tanggal 24 Agustus 2022 yang telah been approved by the Minister of Law and Human
mendapat persetujuan Menteri Hukum dan Hak Rights through his Decree
Asasi Manusia sesuai dengan Surat Keputusan No. AHU-0060490.AH.01.02 Year 2022 dated
No. AHU-0060490.AH.01.02.Tahun 2022 tanggal August 25, 2022 concerning capital increase
25 Agustus 2022 perihal peningkatan modal of PT KSEI in which par value per share increased
PT KSEI dimana nilai nominal saham from Rp5,000,000 (full Rupiah) to Rp50,000,000
PT KSEI ditingkatkan dari sebelumnya sebesar (full Rupiah), capital stock increased from
Rp5.000.000 (Rupiah penuh) per lembar saham Rp60,000,000,000 (full Rupiah) to
menjadi sebesar Rp50.000.000 (Rupiah penuh) per Rp600,000,000,000 (full Rupiah), and
lembar saham. Modal dasar PT KSEI ditingkatkan issued and paid up capital increased from
dari sebelumnya Rp60.000.000.000 (Rupiah penuh) Rp30,000,000,000 (full Rupiah) to
menjadi sebesar Rp600.000.000.000 (Rupiah Rp300,000,000,000 (full Rupiah). The par value
penuh) dan modal ditempatkan dan disetor penuh increase was recorded as dividend income.
meningkat dari sebelumnya Rp30.000.000.000
(Rupiah penuh) menjadi Rp300.000.000.000
(Rupiah penuh). Kenaikan nilai nominal saham
tersebut dicatat sebagai pendapatan dividen.
Tidak terdapat penurunan nilai penyertaan saham There is no impairment of investments in shares as
pada tanggal-tanggal 31 Desember 2025 dan 2024. of December 31, 2025 and 2024.
98
Page 394
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. ASET TAK BERWUJUD - NETO 12. INTANGIBLE ASSETS - NET
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Biaya perolehan
perangkat lunak komputer 65.022.514 59.756.932 Cost of computer software
Akumulasi amortisasi (53.626.471) (46.944.886) Accumulated amortization
Neto 11.396.043 12.812.046 Net
Beban amortisasi aset tak berwujud sebesar The amortization expense of intangible assets
Rp6.681.585 dan Rp6.641.694 masing-masing amounted to Rp6,681,585 and Rp6,641,694 for the
pada tahun-tahun yang berakhir pada tanggal year ended December 31, 2025 and 2024,
31 Desember 2025 dan 2024. respectively.
13. ASET HAK GUNA - NETO 13. RIGHT-OF-USE ASSETS - NET
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Biaya perolehan 66.436.791 58.314.738 Acquisition cost
Akumulasi amortisasi (42.951.302) (36.809.607) Accumulated amortization
Neto 23.485.489 21.505.131 Net
Tabel berikut menyajikan beban hak-guna yang The table below shows the right-of-use expenses in
dilaporkan dalam laporan laba rugi konsolidasian: consolidated statement of profit or loss:
31 Desember 2025/December 31, 2025
Beban yang
Beban penyusutan aset Beban bunga atas berhubungan dengan
hak-guna/ liabilitas sewa/ sewa jangka pendek/
Depreciation of right-of- Interest expenses of Expenses relating to
use assets lease liabilities short term lease
Bangunan 6.160.170 2.358.826 4.613.432 Building
31 Desember 2024/December 31, 2024
Beban yang
Beban penyusutan aset Beban bunga atas berhubungan dengan
hak-guna/ liabilitas sewa/ sewa jangka pendek/
Depreciation of right-of- Interest expenses of Expenses relating to
use assets lease liabilities short term lease
Bangunan 6.106.122 2.618.464 4.545.881 Building
99
Page 395
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP - NETO 14. FIXED ASSETS – NET
31 Desember/December 31, 2025
Saldo Awal/
Beginning Penambahan/ Pengurangan/ Saldo Akhir/
Balance Additions Deductions Ending Balance
Biaya perolehan At cost
Pemilikan langsung Direct ownership
Bangunan 1.537.122 - - 1.537.122 Building
Renovasi gedung sewa 46.052.408 842.895 - 46.895.303 Leasehold improvements
Perabotan dan peralatan kantor 47.218.316 4.753.579 22.440 51.949.455 Office equipment
Kendaraan bermotor - 369.500 - 369.500 Vehicles
Sub-total 94.807.846 5.965.974 22.440 100.751.380 Sub-total
Akumulasi Penyusutan Accumulated depreciation
Pemilikan langsung Direct ownership
Bangunan 1.537.122 - - 1.537.122 Building
Renovasi gedung sewa 42.185.651 1.483.988 - 43.669.639 Leasehold improvements
Perabotan dan peralatan kantor 37.438.108 3.500.870 22.440 40.916.538 Office equipment
Kendaraan bermotor - 18.475 - 18.475 Vehicles
Sub-total 81.160.881 5.003.333 22.440 86.141.774 Sub-total
Nilai buku neto 13.646.965 14.609.606 Net book value
31 Desember/December 31, 2024
Saldo Awal/
Beginning Penambahan/ Pengurangan/ Saldo Akhir/
Balance Additions Deductions Ending Balance
Biaya perolehan At cost
Pemilikan langsung Direct ownership
Bangunan 1.537.122 - - 1.537.122 Building
Renovasi gedung sewa 44.657.287 1.395.121 - 46.052.408 Leasehold improvements
Perabotan dan peralatan kantor 39.687.874 7.530.442 - 47.218.316 Office equipment
Sub-total 85.882.283 8.925.563 - 94.807.846 Sub-total
Akumulasi Penyusutan Accumulated depreciation
Pemilikan langsung Direct ownership
Bangunan 1.537.122 - - 1.537.122 Building
Renovasi gedung sewa 40.664.714 1.520.937 - 42.185.651 Leasehold improvements
Perabotan dan peralatan kantor 33.685.868 3.752.240 - 37.438.108 Office equipment
Sub-total 75.887.704 5.273.177 - 81.160.881 Sub-total
Nilai buku neto 9.994.579 13.646.965 Net book value
Beban penyusutan sebesar Rp5.003.333 dan Depreciation expense amounted to Rp5,003,333
Rp5.273.177 masing-masing pada tahun 2025 and Rp5,273,177 in 2025 and 2024, respectively.
dan 2024.
Pengurangan aset tetap yang merupakan penjualan Deduction of fixed assets related to assets disposal
aset dengan rincian sebagai berikut: are as follows:
31 Desember/
December 31,
2025
Hasil penjualan aset tetap 631 Proceeds from sale of fixed assets
Nilai buku aset tetap - Net book value
Laba penjualan aset tetap 631 Gain on sale of fixed assets
100
Page 396
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TETAP - NETO (lanjutan) 14. FIXED ASSETS - NET (continued)
Aset tetap telah diasuransikan terhadap risiko All fixed asset were insured against fire and other
kerugian kebakaran dan risiko lainnya kepada possible risks with PT Zurich Asuransi Indonesia
PT Zurich Asuransi Indonesia Tbk, pihak ketiga, Tbk, third parties, for Rp64,671,591 and
dengan nilai pertanggungan sebesar Rp64.671.591 Rp65,662,403 as of December 31, 2025 and 2024,
dan Rp65.662.403 masing-masing untuk tanggal respectively. Management believes that the
31 Desember 2025 dan 2024. Manajemen insurance coverage is adequate to cover possible
berpendapat bahwa nilai pertanggungan tersebut losses on the assets insured.
memadai untuk menutup kemungkinan kerugian
atas aset yang dipertanggungkan.
Pada tanggal 31 Desember 2025 dan 2024, jumlah As of December 31, 2025 and 2024, the gross
tercatat bruto dari setiap aset tetap yang telah amount of fixed assets which have been fully
disusutkan penuh dan masih digunakan adalah depreciated and are still used amounted to
masing-masing sebesar Rp72.240.069 dan Rp72,240,069 and Rp64,882,387, respectively
Rp64.882.387 (tidak diaudit). (unaudited).
Manajemen berkeyakinan bahwa tidak terdapat Management believes that there are no events or
kejadian atau perubahan keadaan yang changes in circumstances which may indicate
mengindikasikan penurunan nilai atas aset tetap impairment in value of fixed asset of December 31,
pada tanggal-tanggal 31 Desember 2025 dan 2024. 2025 and 2024.
Tidak ada aset tetap yang dijaminkan oleh There were no fixed assets pledged as collateral by
Perusahaan dan entitas anaknya. the Company and its subsidiaries.
15. ASET LAIN-LAIN 15. OTHER ASSETS
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Setoran jaminan 2.019.425 1.416.681 Guarantee deposits
Uang muka pembelian aset tak berwujud 1.379.481 339.500 Advances for purchase of intangible assets
Uang muka pemasaran 855.617 64.300 Advances for marketing
Uang muka pembelian aset tetap 841.806 95.334 Advances for purchase of fixed assets
Uang muka pengembangan tenaga kerja 113.910 65.000 Advances for labor development
Lain-lain 754.133 361.592 Others
Total 5.964.372 2.342.407 Total
Uang muka pembelian aset tetap dan aset tak Advances for purchase of fixed assets and
berwujud adalah uang muka yang dikeluarkan oleh intangible assets are advances paid by the
Perusahaan dan entitas anaknya untuk renovasi Company and its subsidiaries for office space
ruangan kantor, proses implementasi sistem renovation, system implementation on human
departemen sumber daya manusia, dan pengadaan resources department, and the procurement of
software untuk proyek online trading. software for online trading project.
16. UTANG USAHA 16. ACCOUNT PAYABLE
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Utang pajak atas transaksi Selling tax payable on
penjualan saham 18.665.933 41.012.794 share transactions
Utang biaya transaksi 15.920.629 26.480.089 Levy payables
Utang biaya jaminan 1.820.355 629.972 Guarantee fee payables
Total 36.406.917 68.122.855 Total
101
Page 397
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. UTANG USAHA (lanjutan) 16. ACCOUNT PAYABLE (continued)
Akun ini merupakan saldo utang terkait jasa This account represents payables related to market
transaksi yang timbul dari transaksi perantara charges from brokerage activities to PT Bursa Efek
pedagang efek kepada PT Bursa Efek Indonesia. Indonesia.
17. UTANG TRANSAKSI PERANTARA PEDAGANG 17. PAYABLES FROM BROKERAGE ACTIVITIES
EFEK
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Utang nasabah (a) 717.066.540 305.851.179 Payables to customers (a)
Utang lembaga kliring Payable to clearing and
dan penjaminan (b) 62.308.828 11.516.945 guarantee institution (b)
Utang perusahaan efek lain (c) - 1.921.165 Payable to other securities companies (c)
Total 779.375.368 319.289.289 Total
a. Utang nasabah a. Payable to customers
i. Berdasarkan pihak-pihak i. By parties
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Pihak berelasi (Catatan 36) Related parties (Note 36)
Utang nasabah pemilik rekening Account owner customers payable
Afiliasi 9.022.253 11.168 Affiliation
Utang nasabah kelembagaan Institutional customers payable
Afiliasi - 12.717.066 Affiliation
Sub-total 9.022.253 12.728.234 Sub-total
Pihak ketiga Third parties
Masing-masing lebih atau Each more than or equal
sama dengan 5% dari total 255.795.898 98.560.856 to 5% of total
Masing-masing di bawah
5% dari total 452.248.389 194.562.089 Each below 5% of total
Sub-total 708.044.287 293.122.945 Sub-total
Total 717.066.540 305.851.179 Total
ii. Berdasarkan jenis nasabah ii. By type of customer
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Pihak berelasi (Catatan 36) Related parties (Note 35)
Utang nasabah pemilik rekening Account owner customers payable
Reguler 9.022.253 11.168 Regular
Utang nasabah kelembagaan Institutional customers payable
Reguler - 12.717.066 Regular
Sub-total 9.022.253 12.728.234 Sub-total
102
Page 398
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. UTANG TRANSAKSI PERANTARA PEDAGANG 17. PAYABLES FROM BROKERAGE ACTIVITIES
EFEK (lanjutan) (continued)
a. Utang nasabah (lanjutan) a. Payable to customers (continued)
ii. Berdasarkan jenis nasabah (lanjutan) ii. By type of customer (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Pihak ketiga Third parties
Utang nasabah pemilik rekening Account owner customers payable
Reguler 311.773.191 64.283.998 Regular
Margin 18.386.905 322.006 Margin
Sub-total 330.160.096 64.606.004 Sub-total
Utang nasabah kelembagaan Institutional customers payable
Reguler 377.884.191 228.516.941 Regular
Total 717.066.540 305.851.179 Total
Utang nasabah pemilik rekening adalah utang Account owner customer payables represent
atas transaksi dengan nasabah pemilik rekening payables from transactions with customers
efek pada Perusahaan. Utang nasabah owning securities account in the Company.
kelembagaan adalah utang atas transaksi Institutional customer payables represent
dengan nasabah yang tidak memiliki rekening payables from transactions with customers
efek pada Perusahaan. without securities account in the Company.
b. Utang lembaga kliring dan penjaminan b. Payable to clearing and guarantee
institutions
Akun ini merupakan tagihan dan kewajiban These accounts represent the Company’s
Perusahaan kepada KPEI sehubungan dengan receivables and payables to KPEI resulting
perhitungan penyelesaian bersih (net settlement) from net settlement calculation of the
transaksi perdagangan efek yang dilakukan Company’s securities trading transaction in the
Perusahaan di bursa efek. stock market.
c. Utang perusahaan efek lain c. Payable to other securities companies
Akun ini merupakan kewajiban yang timbul These accounts represent payable arising from
dalam rangka kegiatan transaksi efek yang the Company’s securities transactions with
dilakukan perusahaan efek dengan perusahaan other securities companies.
efek lain.
103
Page 399
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. BEBAN AKRUAL 18. ACCRUED EXPENSES
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Bonus dan tunjangan lain-lain 103.444.673 55.951.258 Bonuses and other allowances
Beban pemasaran 34.052.121 10.242.154 Marketing expenses
Bunga atas surat utang jangka p anjang 24.021.794 6.924.249 Interest on long-term notes payables
Iuran Otoritas Jasa Keuangan (OJK) 10.951.247 1.695.933 Financial Service Authority (OJK) levy
Provisi piutang transaksi Unearned provision of receivables from
repo ditangguhkan 6.600.463 4.605.915 repo transactions
Komisi penjualan 5.314.369 3.680.900 Sales commission
Bunga dan provisi pinjaman bank 4.896.539 3.616.720 Bank loan’s interest and provision
Jasa profesional 2.279.753 1.494.750 Professional fees
Beban pelatihan dan seminar 2.265.091 376.420 Training and seminars expenses
Beban jasa layanan kustodian 1.284.952 1.029.168 Custodian service fee expenses
Lain-lain 4.409.194 4.523.718 Others
Total 199.520.196 94.141.185 Total
Termasuk lain-lain adalah beban yang muncul dari Others include are expenses which are incurred
kegiatan operasional cabang, biaya utilitas dan from operational branch activities, utilities expense
reimbursement karyawan. and employee’s reimbursement.
19. UTANG JANGKA PENDEK 19. SHORT-TERM LIABILITIES
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Utang Bank Bank Loan
PT Bank Maybank Indonesia Tbk 200.000.000 50.000.000 PT Bank Maybank Indonesia Tbk
PT Bank Jago Tbk 200.000.000 - PT Bank Jago Tbk
PT Bank KEB Hana Indonesia Tbk 150.000.000 200.000.000 PT Bank KEB Hana Indonesia Tbk
PT Bank SMBC Indonesia Tbk PT Bank SMBC Indonesia Tbk
(d/h PT Bank BTPN Tbk) 150.000.000 200.000.000 (before PT Bank BTPN Tbk)
PT Bank Permata Tbk 150.000.000 - PT Bank Permata Tbk
PT Bank Victoria International Tbk 100.000.000 200.000.000 PT Bank Victoria International Tbk
PT Bank CIMB Niaga Tbk 100.000.000 - PT Bank CIMB Niaga Tbk
PT Bank Ina Perdana Tbk 100.000.000 - PT Bank Ina Perdana Tbk
PT Bank Panin Tbk 100.000.000 - PT Bank Panin Tbk
PT Bank Rakyat Indonesia (Persero) Tbk - 120.000.000 PT Bank Rakyat Indonesia (Persero)Tbk
Total 1.250.000.000 770.000.000 Total
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Suku bunga per tahun 5,50% - 7,50% 6,00% - 7,50% Interest rates per annum
104
Page 400
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Maybank Indonesia Tbk PT Bank Maybank Indonesia Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on October 11, 2025,
11 Oktober 2025, Perusahaan memperoleh fasilitas the Company obtained omnibus credit facility as
kredit omnibus berupa fasilitas kredit tanpa jaminan “Money Market Line & Guarantee Bank Line”
untuk perputaran modal kerja “Money Market Line & unsecured credit liability for working capital
Line Bank Garansi” maksimum sebesar Rp200 financing with maximum limit of Rp200 billion (full
miliar (Rupiah penuh). Rupiah).
Fasilitas ini dikenakan suku bunga mengambang, These facilities bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 5.90% - 7.50%
masing-masing sebesar sebesar 5,90% - 7,50% dan and 6.95% - 7.05%. These facilities will mature on
6,95% - 7,05% per tahun. Fasilitas ini akan berakhir October 11, 2026.
pada tanggal 11 Oktober 2026.
PT Bank Jago Tbk PT Bank Jago Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on May 11, 2020,
11 Mei 2020, yang telah diubah terakhir pada which has been amended most recently on
tanggal 15 November 2023, Perusahaan November 15, 2023, the Company obtained credit
memperoleh perpanjangan fasilitas kredit untuk facility extension for working capital financing for
modal kerja untuk penjaminan emisi, dengan limit underwriting with maximum limit of Rp50 billion (full
maksimum sebesar Rp50 miliar (Rupiah penuh). Rupiah).
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal 31 Desember 2024 sebesar 6,25% per December 31, 2024 was 6.25%. This facility has
tahun. Fasilitas telah berakhir pada tanggal matured on May 11, 2024 and not extended.
11 Mei 2024 dan tidak diperpanjang.
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on October 24, 2025,
24 Oktober 2025, Perusahaan memperoleh the Company obtained credit facility extension for
perpanjangan fasilitas kredit untuk modal kerja short-term working capital with maximum limit of
jangka pendek, dengan limit maksimum sebesar Rp300 billion (full Rupiah).
Rp300 miliar (Rupiah penuh).
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal 31 Desember 2025 sebesar 5,50%-6,00% December 31, 2025 was 5.50%-6.00%. This facility
per tahun. Fasilitas ini akan berakhir pada tanggal will mature on October 24, 2026.
24 Oktober 2026.
PT Bank KEB Hana Indonesia Tbk PT Bank KEB Hana Indonesia Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on November 1, 2022,
1 November 2022, yang telah diubah terakhir pada which has been amended most recently on
tanggal 3 Desember 2025, Perusahaan December 3, 2025, the Company obtained credit
memperoleh fasilitas kredit untuk modal kerja untuk facility for working capital financing for underwriting
penjaminan emisi, dengan limit maksimum sebesar with maximum limit of Rp300 billion (full Rupiah).
Rp300 miliar (Rupiah penuh).
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 6.00% - 6.85%
masing-masing sebesar 6,00% - 6,85% dan and 6.25% - 6.95%, respectively. This facility will
6,25% - 6,95% per tahun. Fasilitas ini akan berakhir mature on December 5, 2026.
pada tanggal 5 Desember 2026.
105
Page 401
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank SMBC Indonesia Tbk (d/h PT Bank PT Bank SMBC Indonesia Tbk (before PT Bank
BTPN Tbk) BTPN Tbk)
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on December 8, 2020,
8 Desember 2020, yang telah diubah terakhir pada which has been amended most recently on January
tanggal 13 Januari 2025, Perusahaan memperoleh 13, 2025, the Company obtained the extension on
perpanjangan fasilitas kredit sebagai berikut: credit facility as follows:
Fasilitas kredit tanpa jaminan “Money Market “Money Market Line” unsecured credit liability
Line” untuk modal kerja maksimum sebesar for working capital financing with maximum limit
Rp250 miliar (Rupiah penuh). Fasilitas ini of Rp250 billion (full Rupiah). This facility bears
dikenakan suku bunga mengambang. floating interest rate.
Fasilitas bank garansi untuk mengakomodasi Bank guarantee facility for KPEI trading limit
trading limit KPEI dan aktivitas penjaminan efek and underwriting activity with maximum limit of
maksimum sebesar Rp250 miliar (Rupiah Rp250 billion (full Rupiah).
penuh).
Fasilitas ini dikenakan suku bunga mengambang, These facilities bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 6.00% - 6.96%
masing-masing sebesar 6,00% - 6,96% dan 6,00% - and 6.00% - 6.95% respectively. This facility will
6,95% per tahun. Fasilitas ini akan berakhir pada matured on January 30, 2026.
tanggal 30 Januari 2026.
PT Bank Permata Tbk PT Bank Permata Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on November 2, 2018,
2 November 2018, yang telah diubah terakhir pada which has been amended most recently on
tanggal 25 April 2025, Perusahaan memperoleh April 25, 2025, the Company obtained uncommitted
perpanjangan fasilitas kredit yang bersifat credit facility extension which covered the following:
uncommitted mencakup fasilitas:
Fasilitas kredit sub-limit mencakup fasilitas Sub-limit credit facility include “Money Market
kredit tanpa jaminan “Money Market Line” dan Line” unsecured credit facility and bank
fasilitas bank garansi untuk mengakomodasi guarantee facility for underwriting with
jasa penjaminan emisi dengan limit maksimum maximum limit of Rp300 billion (full Rupiah).
sebesar Rp300 miliar (Rupiah penuh).
Fasilitas bank garansi untuk mengakomodasi Bank guarantee facility for KPEI trading limit
trading limit KPEI dan jasa penasihat keuangan and financial advisory services with maximum
maksimum sebesar Rp150 miliar (Rupiah limit of Rp150 billion (full Rupiah).
penuh).
Tambahan Fasilitas kredit foreign exchange Foreign exchange (FX) line (for transaction of
(FX) line (untuk transaksi Spot dan Forward) Spot and Forward) credit facility and fixed
dan fixed income untuk mendukung fasilitas income trading support treasury facility
treasury dengan maksimum sebesar maximum limit of USD500,000 (full US Dollar).
USD500.000 (Dolar Amerika Serikat penuh).
Fasilitas ini dikenakan suku bunga mengambang, These facilities bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 5.90% - 6.95%
masing-masing sebesar 5,90% - 6,95% dan and 6.75% - 7.35%, respectively. These facilities will
6,75% - 7,35% per tahun. Fasilitas ini akan berakhir mature on February 28, 2026.
pada tanggal 28 Februari 2026.
106
Page 402
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Victoria International Tbk PT Bank Victoria International Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on May 29, 2019,
29 Mei 2019, yang telah diubah terakhir pada which has been amended most recently on
tanggal 26 Juni 2025, Perusahaan memperoleh June 26, 2025, the Company obtained credit facility
perpanjangan fasilitas kredit sebagai berikut: extensions as follows:
Fasilitas kredit tanpa jaminan untuk perputaran “Money Market Line & Guarantee Bank Line”
modal kerja “Money Market Line & Line Bank unsecured credit liability for working capital
Garansi” maksimum sebesar Rp200 miliar financing with maximum limit of Rp200 billion
(Rupiah penuh). (full Rupiah).
Fasilitas bank garansi untuk mengakomodasi Bank guarantee facility for KPEI trading limit
trading limit KPEI dan aktivitas penjaminan efek and underwriting activity with maximum limit of
maksimum sebesar Rp50 miliar (Rupiah Rp50 billion (full Rupiah).
penuh).
Fasilitas ini dikenakan suku bunga mengambang, These facilities bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 is 6.35% - 7.00% and
masing-masing sebesar 6,35% - 7,00% dan 6,50% - 6.50% - 7.50%, respectively. These facilities will
7,50% per tahun. Fasilitas ini akan berakhir pada mature on May 29, 2026.
tanggal 29 Mei 2026.
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on August 11, 2011,
11 Agustus 2011, yang telah diubah terakhir pada which has been amended most recently on
tanggal 26 Juni 2025, Perusahaan memperoleh June 26, 2025, the Company obtained credit
fasilitas kredit dengan batasan maksimum sebesar facilities with maximum limit of Rp200 billion (full
Rp200 miliar (Rupiah penuh) yang dapat digunakan Rupiah) which is interchangeable as:
secara bersama-sama sebagai:
a. Fasilitas kredit “on revolving basis” untuk modal a. Credit facility “on revolving basis” for working
kerja. Fasilitas ini dikenakan suku bunga capital financing. This facility bears floating
mengambang. interest rate.
b. Fasilitas bank garansi untuk tujuan b. Bank guarantee facility intended for trading limit
penggunaan sebagai trading limit di KPEI atas at KPEI for transactions in stock exchange and
transaksi di bursa dan jasa penasihat financial advisory service.
keuangan.
c. Fasilitas bank garansi IB untuk tujuan b. IB bank guarantee facility intended for
penggunaan sebagai jaminan/kegiatan guarantee/underwriting activity, includes bid
underwriting, yaitu bid bond, performance bond, bond, performance bond, and payment bond.
dan payment bond.
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 5.85% - 6.90%
masing-masing sebesar 5,85% - 6,90% dan 6,60% - and 6.60% - 6.90%, respectively. These facilities will
6,90% per tahun. Fasilitas ini akan berakhir pada mature on May 17, 2026.
tanggal 17 Mei 2026.
107
Page 403
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Ina Perdana Tbk PT Bank Ina Perdana Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on February 28, 2025,
28 Februari 2025, Perusahaan memperoleh fasilitas the Company obtained credit facility for working
kredit untuk modal kerja, dengan limit maksimum capital financing with maximum limit of Rp150 billion
sebesar Rp150 miliar (Rupiah penuh). (full Rupiah).
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal 31 Desember 2025 sebesar 5,95% - 6,70% December 31, 2025 was 5.95% - 6.70%. This facility
per tahun. Fasilitas ini akan berakhir pada tanggal will mature on February 28, 2026.
28 Februari 2026.
PT Bank Panin Tbk PT Bank Panin Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on August 06, 2025,
6 Agustus 2025, Perusahaan memperoleh fasilitas the Company obtained credit facility for working
kredit untuk modal kerja untuk perdagangan dan capital financing for underwriting with maximum limit
penjaminan emisi, dengan limit maksimum sebesar of Rp100 billion (full Rupiah).
Rp100 miliar (Rupiah penuh).
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal 31 Desember 2025 sebesar 6,50% per December 31, 2025 was 6.50%. This facility will
tahun. Fasilitas akan berakhir pada tanggal mature on August 6, 2026.
6 Agustus 2026.
PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk
Berdasarkan perjanjian kredit pada tanggal 19 Juli Based on the loan agreement on July 19, 2018,
2018, yang telah diubah terakhir pada tanggal which has been amended most recently on
5 Agustus 2024, Perusahaan memperoleh August 5, 2024, the Company obtained
perpanjangan fasilitas intraday yang bersifat uncommitted intraday facility extension with
uncommitted dengan batasan maksimum sebesar maximum amount of Rp500 billion (full Rupiah) and
Rp500 miliar (Rupiah penuh) dan tambahan fasilitas additional uncommitted valas intraday facility with
intraday valas yang bersifat uncommitted dengan maximum amount of USD50 million (full US Dollar)
batasan maksimum sebesar USD50 juta (Dollar which covered the following:
Amerika Serikat penuh) mencakup fasilitas:
a. Penerimaan dana yang berasal dari: a. Receiving fund which comes from:
Penerimaan dana dari KPEI dari hasil net Receiving fund from KPEI resulting from
sell transaksi saham pasar reguler yang net sales of stock transactions in regular
dipindahbukukan melalui sistem C-BEST market which is transferred through the
KSEI. KSEI’s C-BEST system.
Penerimaan dana bank kustodian dari nilai Receiving fund from bank custody resulting
dana yang akan diterima oleh nasabah from future and from customers received
dan/atau dari hasil transaksi saham di and/or resulting from stock transactions in
pasar negosiasi dan/atau transaksi obligasi negotiation market and/or corporate bonds
korporasi di Bursa Efek Indonesia. transactions in Indonesia Stock Exchange.
108
Page 404
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk
(lanjutan) (continued)
b. Penempatan dana tunai di Bank BRI berupa: b. Placements in Bank BRI are follows:
Deposito berjangka dan/atau deposit on Time deposits and/or deposits on call in
call dalam valuta Rupiah dan/atau USD. Rupiah and/or USD currencies.
Giro valuta Rupiah dan USD. Current account in Rupiah and USD
currencies.
Berdasarkan perjanjian kredit yang sama, Based on the same loan agreement, the Company
Perusahaan juga memperoleh fasilitas kredit also obtained credit facilities as follows:
sebagai berikut:
Fasilitas kredit jangka pendek untuk modal Short-term credit facility for working capital
kerja maksimum sebesar Rp250 miliar (Rupiah financing with maximum limit of Rp250 billion
penuh). Fasilitas ini dikenakan suku bunga (full Rupiah). This facility bears floating interest
mengambang. rate.
Fasilitas bank garansi maksimum sebesar Bank guarantee facility with maximum limit of
Rp70 miliar (Rupiah penuh) untuk tujuan Rp70 billion (full Rupiah) intended for trading
penggunaan sebagai trading limit di KPEI atas limit at KPEI for transactions in stock exchange
transaksi di bursa dan jasa penjaminan emisi and underwriting service.
efek.
Fasilitas ini dikenakan suku bunga mengambang, These facilities bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 6.15% - 6.90%
masing-masing sebesar 6,15% - 6,90% dan 6,90% - and 6.90% - 7.15%, respectively. These facilities will
7,15% per tahun. Fasilitas akan berakhir pada mature on July 19, 2026.
tanggal 19 Juli 2026.
PT Bank Central Asia Tbk PT Bank Central Asia Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on August 10, 2007,
10 Agustus 2007, yang telah diubah terakhir pada which has been amended most recently on
tanggal 18 Maret 2025, Perusahaan memperoleh March 18, 2025, the Company obtained credit
perpanjangan fasilitas kredit sebagai berikut: facility extension as follows:
Fasilitas kredit lokal untuk modal kerja dengan Local credit facility for working capital financing
limit maksimum sebesar Rp30 miliar (Rupiah with maximum limit of Rp30 billion (full Rupiah).
penuh).
Fasilitas omnibus time loan dan bank garansi Omnibus time loan and bank guarantee facility
untuk jaminan kepada KPEI untuk transaksi di for KPEI for Indonesian Stock Exchange trading
Bursa Efek Indonesia dan/atau penjaminan transaction and/or underwriting with maximum
emisi maksimum sebesar Rp250 miliar (Rupiah limit of Rp250 billion (full Rupiah).
penuh).
Fasilitas kredit foreign exchange (FX) line untuk Foreign exchange (FX) line credit facility for
keperluan hedging (untuk transaksi hedging requirement (for transaction of
Tod/Tom/Spot, Forward dan SWAP) Tod/Tom/Spot, Forward and SWAP) with
maksimum sebesar USD1 juta (Dolar Amerika maximum limit of USD1 million (full US Dollar).
Serikat penuh).
109
Page 405
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Central Asia Tbk (lanjutan) PT Bank Central Asia Tbk (continued)
Fasilitas ini dikenakan suku bunga mengambang, These facilities bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 6.50% - 7.30%
masing-masing sebesar 6,50% - 7,30% dan 6,85% and 6.85% - 7.50% respectively. These facilities will
- 7,50% per tahun. Fasilitas ini akan berakhir pada mature on March 29, 2026.
tanggal 29 Maret 2026.
PT Bank Tabungan Negara (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on November 1, 2022,
1 November 2022, yang telah diubah terakhir pada which has been amended most recently on
tanggal 21 Oktober 2025, Perusahaan memperoleh October 21, 2025, the Company obtained credit
perpanjangan fasilitas kredit untuk modal kerja facility extension for working capital financing for
untuk penjaminan emisi, dengan limit maksimum underwriting with maximum limit of Rp250 billion (full
sebesar Rp250 miliar (Rupiah penuh). Rupiah).
Fasilitas ini dikenakan suku bunga mengambang. This facility bears floating interest rate. This facility
Fasilitas akan berakhir pada tanggal 30 Oktober will mature on October 30, 2027.
2027.
PT Bank MNC Internasional Tbk PT Bank MNC Internasional Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on August 14, 2020,
14 Agustus 2020, yang telah diubah terakhir pada which has been amended most recently on
tanggal 30 September 2024, Perusahaan September 30, 2024, the Company obtained
memperoleh perpanjangan fasilitas intraday yang uncommitted intraday facility extension with
bersifat uncommitted dengan batasan maksimum maximum amount of Rp200 billion (full Rupiah)
sebesar Rp200 miliar (Rupiah penuh) mencakup which covered the following:
fasilitas:
Fasilitas kredit tanpa jaminan “Money Market “Money Market Line” unsecured credit liability
Line” untuk modal kerja. for working capital.
Fasilitas bank garansi untuk tujuan jasa Bank guarantee facility intended for
penjaminan emisi efek. underwriting service.
Fasilitas ini dikenakan suku bunga mengambang. These facilities bears floating interest rate. These
Fasilitas ini akan berakhir pada tanggal 14 Agustus facilities matured on August 14, 2025 and was not
2025 dan tidak diperpanjang. renewed.
PT Bank Pembangunan Daerah Jawa Barat dan PT Bank Pembangunan Daerah Jawa Barat dan
Banten Tbk Banten Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on July 5, 2024, the
5 Juli 2024, Perusahaan memperoleh fasilitas kredit Company obtained uncommitted credit facility as
yang bersifat uncommitted sebagai berikut: follows:
Fasilitas kredit tanpa jaminan “Money Market Money Market Line unsecured credit facility
Line” untuk modal kerja maksimum sebesar for maximum working capital of Rp175 billion
Rp175 miliar (Rupiah penuh). Fasilitas ini (full Rupiah). This facility bears floating
dikenakan suku bunga mengambang. interest rates.
110
Page 406
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Pembangunan Daerah Jawa Barat dan PT Bank Pembangunan Daerah Jawa Barat dan
Banten Tbk (lanjutan) Banten Tbk (continued)
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal 31 Desember 2025 dan 2024 masing- December 31, 2025 and 2024 are 6.65% - 6.85%
masing sebesar 6,65% - 6,85% dan 6,35% - 6,95% and 6.35% - 6.95%, respectively. This facility
per tahun. Fasilitas sudah berakhir pada tanggal matured on July 7, 2025.
7 Juli 2025.
PT Bank JTrust Indonesia Tbk PT Bank JTrust Indonesia Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on September 20,
20 September 2017, yang telah diubah terakhir pada 2017, which has been amended most recently on
tanggal 18 Juni 2025, Perusahaan memperoleh June 18, 2025, the Company obtained credit facility
fasilitas kredit atas permintaan untuk modal kerja for working capital financing and bank guarantee
dan bank garansi untuk penjaminan emisi, facility for underwriting with maximum limit of Rp100
maksimum sebesar Rp100 miliar (Rupiah penuh). billion (full Rupiah). This facility bears fixed interest
Fasilitas ini dikenakan suku bunga tetap. rate.
Fasilitas ini dikenakan suku bunga mengambang, This facility bears floating interest rate, which the
dimana suku bunga untuk tahun yang berakhir pada interest rates per annum for the year ended
tanggal-tanggal 31 Desember 2025 dan 2024 December 31, 2025 and 2024 are 6.30% - 7.40%
masing-masing sebesar 6,30% - 7,40% dan 6,75% and 6.75%, respectively. This facility will mature on
per tahun. Fasilitas akan berakhir pada tanggal June 20, 2026.
20 Juni 2026.
Standard Chartered Bank, Cabang Indonesia Standard Chartered Bank, Indonesia Branch
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on December 5, 2013,
5 Desember 2013, yang telah diubah terakhir pada which has been amended most recently on
tanggal 20 Desember 2023, Perusahaan December 20, 2023, the Company obtained credit
memperoleh perpanjangan fasilitas kredit sebagai facility extension as follows:
berikut:
Fasilitas kredit tanpa jaminan “Money Market “Money Market Line” unsecured credit liability
Line” untuk modal kerja maksimum sebesar for working capital financing with maximum limit
Rp35 miliar (Rupiah penuh). Fasilitas ini of Rp35 billion (full Rupiah). This facility bears
dikenakan suku bunga mengambang. floating interest rate.
Fasilitas bank garansi maksimum sebesar Bank guarantee facility with maximum limit of
Rp150 miliar (Rupiah penuh) untuk tujuan Rp150 billion (full Rupiah) intended for trading
penggunaan sebagai trading limit di KPEI atas limit at KPEI for transactions in stock exchange
transaksi di bursa dan jasa penjaminan emisi and underwriting service.
efek.
Fasilitas ini dikenakan suku bunga mengambang. These facilities bears floating interest rate. This
Fasilitas ini berlaku hingga tanggal 30 November facility is valid until November 30, 2025 and
2025 dan diperpanjang secara otomatis untuk setiap automatically extended for every 12-month period
periode 12 bulan, kecuali ditentukan oleh bank dari basis, unless as otherwise determined by the bank
waktu ke waktu. from time to time.
Pada tanggal 18 Desember 2025, perjanjian kredit On December 18, 2025, this credit agreement was
ini telah diakhiri. terminated.
111
Page 407
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on September 25,
25 September 2013, yang telah diubah terakhir pada 2013, which has been amended most recently on
tanggal 02 September 2025, Perusahaan September 02, 2025, the Company obtained
memperoleh perpanjangan fasilitas intraday yang uncommitted intraday facility extension with
bersifat uncommitted dengan batasan maksimum maximum amount of Rp2 trillion (full Rupiah) which
sebesar Rp2 triliun (Rupiah penuh) mencakup covered the following:
fasilitas:
a. Penerimaan dana yang berasal dari: a. Receiving fund which comes from:
Penerimaan dana dari KPEI dari hasil net Receiving fund from KPEI resulting from
sell transaksi saham pasar reguler. net sales of stock transactions in regular
market.
Penerimaan dana Bank Mandiri kustodian Receiving fund from Bank Mandiri
dari hasil transaksi beli-jual Surat Utang custodian resulting from buy-sell
Negara (SUN) dan/atau transaksi saham di transactions for Government Bonds (Surat
pasar negosiasi dan/atau transaksi obligasi Utang Negara - “SUN”) and/or stock
korporasi di Bursa Efek Indonesia. transactions in negotiation market and/or
corporate bonds transactions in Indonesia
Stock Exchange.
Penerimaan dana Bank Mandiri kustodian Receiving fund from Bank Mandiri
dari hasil transaksi beli-jual Surat Utang custodian resulting from buy-sell
Negara (SUN) dan/atau transaksi saham di transactions for Government Bonds (Surat
pasar negosiasi dan/atau transaksi obligasi Utang Negara - “SUN”) and/or stock
korporasi di Bursa Efek Indonesia. transactions in negotiation market and/or
corporate bonds transactions in Indonesia
Stock Exchange.
b. Penempatan dana tunai di Bank Mandiri, b. Placement in Bank Mandiri, Indonesia Stock
cabang Bursa Efek Jakarta, berupa: Exchange branch, are follows:
Deposito berjangka dan/atau deposit on Time deposits and/or deposits on call in
call dalam valuta Rupiah dan/atau USD. Rupiah and/or USD currencies.
Giro valuta Rupiah dan USD. Current account in Rupiah and USD
currencies.
Fasilitas ini dikenakan suku bunga mengambang. These facilities bears floating interest rate. These
Fasilitas ini akan berakhir pada tanggal facilities will mature on September 19, 2026.
19 September 2026.
PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on October 20, 2022,
20 Oktober 2022, yang telah diubah terakhir pada which has been amended most recently on June 19,
tanggal 19 Juni 2025, Perusahaan memperoleh 2025, the Company obtained uncommitted intraday
fasilitas intraday yang bersifat uncommitted dengan facility with maximum amount of Rp750 billion (full
batasan maksimum sebesar Rp750 miliar (Rupiah Rupiah) dan USD200 million (full USD) or the
penuh) dan USD200 juta (Dollar Amerika Serikat equivalent of IDR3 trillion (full Rupiah) which
penuh) atau ekuivalen Rp3 triliun (Rupiah penuh) covered the following:
mencakup fasilitas:
112
Page 408
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
(lanjutan) (continued)
Penerimaan dana bank kustodian dari nilai Receiving fund from bank custody resulting
dana yang akan diterima oleh nasabah. from future and from customers received.
Penerimaan dana Bank BNI kustodian dari hasil Receiving fund from Bank BNI custodian
transaksi beli-jual Surat Utang Negara (SUN) resulting from buy-sell transactions for
dan/atau transaksi obligasi korporasi di Bursa Government Bonds (Surat Utang Negara -
Efek Indonesia. “SUN”) and/or corporate bonds transactions in
Indonesia Stock Exchange.
Fasilitas ini dikenakan suku bunga mengambang. This facility bears floating interest rate. This facility
Fasilitas ini berakhir pada tanggal 20 Juni 2026. will mature on June 20, 2026.
PT Bank HSBC Indonesia PT Bank HSBC Indonesia
Berdasarkan perjanjian kredit pada tanggal Based on the loan agreement on January 18, 2024,
18 Januari 2024, Perusahaan memperoleh fasilitas the Company obtained bank guarantee facility for
bank garansi untuk penjaminan emisi, maksimum underwriting with maximum limit of Rp50 billion
sebesar Rp50 miliar (Rupiah penuh). (full Rupiah).
Fasilitas ini dikenakan suku bunga mengambang. This facility bears floating interest rates. This facility
Fasilitas ini telah berakhir pada tanggal 18 Januari matured on January 18, 2025 and not extended.
2025 dan tidak diperpanjang.
Hal lain: Other matter:
Pembatasan dari persyaratan perjanjian utang bank The restrictions under the terms of the agreements
antara lain bahwa: Perusahaan tanpa requires that: the Company without notification to
pemberitahuan kepada dan/atau persetujuan dari and/or approval from the banks, is restricted among
bank, tidak akan melakukan antara lain: others; (a) to have liens; (b) obtain additional debt;
(a) mengadakan hak gadai; (b) mengadakan utang; (c) payment of debt to shareholders; (d) enter into a
(c) membayar utang kepada pemegang saham; merger, acquisition, sale of assets and changes in
(d) merger, akuisisi, menjual aset dan perubahan paid-in capital; (e) invest or open a new business;
modal; (e) melakukan investasi, penyertaan, atau (f) changes in the articles of association, the
membuka usaha baru; (f) mengubah anggaran composition of management and shareholders;
dasar, susunan pengurus, dan pemegang saham; (g) enter into additional contracts; and (h) make the
(g) mengadakan perjanjian tambahan; dan distribution of dividends. The Company is also
(h) melakukan pembagian dividen. Selain itu, required to maintain the following: (a) Adjusted Net
Perusahaan juga diwajibkan memenuhi sebagai Working Capital (NWC) at least, a higher value of
berikut: (a) Modal Kerja Bersih Disesuaikan (MKBD) Rp100,000,000,000 (full Rupiah) or according to
minimum sebesar, nilai yang lebih tinggi antara regulation; (b) current ratio at least 150%; (c) total
Rp100.000.000.000 (Rupiah penuh) atau sesuai loans from bank creditors with maximum amount of
dengan peraturan; (b) rasio lancar minimum 150%; total capital; and (d) loan from one bank creditor with
(c) total pinjaman dari seluruh kreditur bank maximum amount of 25% total capital.
maksimum sebesar total modal; dan (d) pinjaman
dari satu kreditur bank maksimum sebesar 25%
modal.
Pada tanggal-tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the Company
Perusahaan telah memenuhi rasio keuangan dan met such financial ratio, terms and conditions
persyaratan dan kondisi dari utang Bank tersebut. requirements. Management also reviewed the
Manajemen juga telah mereviu prosedur settlement procedures of the Company in paying
penyelesaian pembayaran bunga dan pokok interest and principal, and ensure such
pinjaman, dan memastikan keadaan tersebut tidak circumstances do not breach loan agreements.
akan melanggar perjanjian kredit.
113
Page 409
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG JANGKA PENDEK (lanjutan) 19. SHORT-TERM LIABILITIES (continued)
Pada tanggal-tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, bank loans are
pinjaman bank tidak dijamin dengan suatu agunan. not secured by any collateral.
20. SURAT UTANG JANGKA PANJANG 20. LONG-TERM NOTES PAYABLE
Utang obligasi Bonds payables
Rincian utang obligasi berdasarkan pihak: Details of bonds payable by parties:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Nilai nominal Obligasi Nominal value of Bonds
Pihak ketiga 1.248.430.000 238.685.000 Third parties
Pihak berelasi (Catatan 36) 1.113.570.000 458.115.000 Related parties (Note 36)
Sub-total 2.362.000.000 696.800.000 Sub-total
Biaya transaksi yang belum diamortisasi Unamortized transaction costs
Pihak ketiga (3.022.163) (331.048) Third parties
Pihak berelasi (Catatan 36) (2.223.495) (1.280.237) Related parties (Note 36)
Sub-total (5.245.658) (1.611.285) Sub-total
Net 2.356.754.342 695.188.715 Net
Rincian utang obligasi terdiri dari: Details of bonds payable consist of:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Nilai nominal Obligasi Berkelanjutan I Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap I Indonesia Shelf Registration Bonds I
Tahun 2023 Seri B 308.800.000 308.800.000 Phase I Year 2023 Series B
Biaya transaksi yang belum diamortisasi (387.219) (1.093.289) Unamortized transaction costs
Sub-total 308.412.781 307.706.711 Sub-total
Nilai nominal Obligasi Berkelanjutan I Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap II Indonesia Shelf Registration Bonds I
Tahun 2024 - 388.000.000 Phase II Year 2024
Biaya transaksi yang belum diamortisasi - (517.996) Unamortized transaction costs
Sub-total - 387.482.004 Sub-total
Nilai nominal Obligasi Berkelanjutan I Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds I
III Tahun 2025 Seri A 250.715.000 - Phase III Year 2025 Series A
Biaya transaksi yang belum diamortisasi (61.065) - Unamortized transaction costs
Sub-total 250.653.935 - Sub-total
Nilai nominal Obligasi Berkelanjutan I Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds I
III Tahun 2025 Seri B 52.485.000 - Phase III Year 2025 Series B
Biaya transaksi yang belum diamortisasi (143.469) - Unamortized transaction costs
Sub-total 52.341.531 - Sub-total
114
Page 410
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SURAT UTANG JANGKA PANJANG (lanjutan) 20. LONG-TERM NOTES PAYABLE (continued)
Utang obligasi (lanjutan) Bonds payables (continued)
Rincian utang obligasi terdiri dari: (lanjutan) Details of bonds payable consist of: (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Nilai nominal Obligasi Berkelanjutan II Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds II
I Tahun 2025 Seri A 150.540.000 - Phase I Year 2025 Series A
Biaya transaksi yang belum diamortisasi (382.438) - Unamortized transaction costs
Sub-total 150.157.562 - Sub-total
Nilai nominal Obligasi Berkelanjutan II Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds I
I Tahun 2025 Seri B 549.460.000 - Phase III Year 2025 Series B
Biaya transaksi yang belum diamortisasi (2.312.082) - Unamortized transaction costs
Sub-total 547.147.918 - Sub-total
Nilai nominal Obligasi Berkelanjutan II Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds II
II Tahun 2025 Seri A 100.000.000 - Phase II Year 2025 Series A
Biaya transaksi yang belum diamortisasi (171.930) - Unamortized transaction costs
Sub-total 99.828.070 - Sub-total
Nilai nominal Obligasi Berkelanjutan II Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds II
II Tahun 2025 Seri B 400.000.000 - Phase II Year 2025 Series B
Biaya transaksi yang belum diamortisasi (824.272) - Unamortized transaction costs
Sub-total 399.175.728 - Sub-total
Nilai nominal Obligasi Berkelanjutan II Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds II
III Tahun 2025 Seri A 300.000.000 - Phase III Year 2025 Series A
Biaya transaksi yang belum diamortisasi (524.353) - Unamortized transaction costs
Sub-total 299.475.647 - Sub-total
Nilai nominal Obligasi Berkelanjutan II Nominal value of Trimegah Sekuritas
Trimegah Sekuritas Indonesia Tahap Indonesia Shelf Registration Bonds II
III Tahun 2025 Seri B 250.000.000 - Phase III Year 2025 Series B
Biaya transaksi yang belum diamortisasi (438.830) - Unamortized transaction costs
Sub-total 249.561.170 - Sub-total
Total 2.356.754.342 695.188.715 Total
115
Page 411
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SURAT UTANG JANGKA PANJANG (lanjutan) 20. LONG-TERM NOTES PAYABLE (continued)
Utang obligasi (lanjutan) Bonds payables (continued)
Obligasi Berkelanjutan I Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tahap I Tahun 2023 Registration Bonds I Phase I Year 2023
Pada tanggal 6 Juli 2023, Perusahaan On July 6, 2023, the Company has issued
menerbitkan Obligasi Berkelanjutan I PT Trimegah PT Trimegah Sekuritas Indonesia Tbk Shelf
Sekuritas Indonesia Tbk Tahap I Tahun 2023 Registration Bonds I Phase I Year 2023 with a fixed
dengan suku bunga tetap yang dibayarkan triwulan interest paid on a quarterly basis commencing from
dimulai pada tanggal 6 Oktober 2023. Obligasi I October 6, 2023. Trimegah Bonds I Phase I Year
Trimegah Tahap I Tahun 2023 terdiri dari 2 seri 2023 comprised of two series as follows:
sebagai berikut:
a. Seri A: Nilai nominal Rp100 miliar dengan a. Series A: Nominal value of Rp100 billion with
suku bunga 6,75% per tahun dan a fixed coupon rate of 6.75% per
berjangka waktu 370 hari sejak tanggal annum, maturity term of 370 days
emisi (jatuh tempo pada tanggal 16 Juli since the issuance date (due date on
2024). July 16, 2024).
b. Seri B: Nilai nominal Rp308,8 milliar dengan b. Series B: Nominal value of Rp308.8 billion with
suku bunga 9,25% per tahun dan a fixed coupon rate at 9.25% per
berjangka waktu tiga (3) tahun sejak annum, maturity term of three (3)
tanggal emisi (jatuh tempo pada years since the issuance date (due
tanggal 6 Juli 2026). date on July 6, 2026).
Pada tanggal 10 Maret 2023, PT Pefindo On March 10, 2023, PT Pefindo rated the Trimegah
menetapkan peringkat Obligasi I Trimegah masing- Bonds I at idA.
masing pada idA.
Atas penerbitan obligasi tersebut, Perusahaan On the issuance of the bonds, the Company
menunjuk PT Bank BJB Tbk sebagai agen appointed PT Bank BJB Tbk as the monitoring
pemantau obligasi, sedangkan yang bertindak agent of the issuance of bonds, while acting as
sebagai agen pembayaran adalah PT Kustodian payment agent is Indonesia Central Securities
Sentral Efek Indonesia (KSEI). Depository (ICSD).
Pada tanggal 16 Juli 2024, Obligasi I Trimegah As of July 16, 2024, the Trimegah Bonds I Phase I
Tahap I Tahun 2023 Seri A sudah lunas dibayar. Year 2023 Series A were paid in full.
Obligasi Berkelanjutan I Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tahap II Tahun 2024 Registration Bonds I Phase II Year 2024
Pada tanggal 28 Juni 2024, Perusahaan On June 28, 2024, the Company has issued
menerbitkan Obligasi Berkelanjutan I PT Trimegah PT Trimegah Sekuritas Indonesia Tbk Shelf
Sekuritas Indonesia Tbk Tahap II Tahun 2024 Registration Bonds I Phase II Year 2024
("Obligasi I Trimegah 2024") dengan nilai nominal ("Trimegah Bonds I 2024") with nominal value of
Rp388 miliar dengan suku bunga tetap 7,70% per Rp388 billion with a fixed coupon rate of 7.70% per
tahun dan berjangka waktu 370 hari sejak tanggal annum, maturity term of 370 days since the
emisi (jatuh tempo pada tanggal 8 Juli 2025) yang issuance date (due date on July 8, 2025) which paid
dibayarkan triwulan dimulai pada tanggal on a quarterly basis commencing from
28 September 2024. September 28, 2024.
Pada tanggal 8 Juli 2025, Obligasi Berkelanjutan I On July 8, 2025, the PT Trimegah Sekuritas
PT Trimegah Sekuritas Indonesia Tbk Tahap II Indonesia Tbk Shelf Registration Bonds I Phase II
Tahun 2024 ("Obligasi I Trimegah 2024") dengan Year 2024 ("Trimegah Bonds I 2024") with nominal
nilai nominal Rp388 miliar jatuh tempo dan telah value of Rp388 billion matured and have been fully
lunas dibayar. paid.
116
Page 412
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SURAT UTANG JANGKA PANJANG (lanjutan) 20. LONG-TERM NOTES PAYABLE (continued)
Utang obligasi (lanjutan) Bonds payables (continued)
Obligasi Berkelanjutan I Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tahap III Tahun 2025 Registration Bonds I Phase III Year 2025
Pada tanggal 16 Januari 2025, Perusahaan On January 16, 2025, the Company has issued
menerbitkan Obligasi Berkelanjutan I PT Trimegah PT Trimegah Securities Tbk Shelf Registration
Sekuritas Indonesia Tbk Tahap III Tahun 2025 Bonds I Phase III Year 2025 (’’Obligasi I Trimegah
(’’Obligasi I Trimegah 2025’’) dengan suku bunga 2025’’) with a fixed interest paid on a quarterly basis
tetap yang dibayarkan triwulan dimulai pada commencing from April 15, 2025. Trimegah Bonds
tanggal 15 April 2025. Obligasi I Trimegah Tahap III I Phase III Year 2025 comprised of two series as
Tahun 2025 terdiri dari 2 seri sebagai berikut: follows:
a. Seri A: Nilai nominal Rp250,7 miliar dengan a. Series A: Nominal value of Rp250.7 billion with
suku bunga 7,70% per tahun dan a fixed coupon rate of 7.70% per
berjangka waktu 370 hari sejak annum, maturity term of 370 days
tanggal emisi (jatuh tempo pada since the issuance date (due date on
tanggal 25 Januari 2026). January 25, 2026).
b. Seri B: Nilai nominal Rp52,5 milliar dengan b. Series B: Nominal value of Rp52.5 billion with
suku bunga 8,80% per tahun dan a fixed coupon rate at 8.80% per
berjangka waktu tiga (3) tahun sejak annum, maturity term of three (3)
tanggal emisi (jatuh tempo pada years since the issuance date (due
tanggal 15 Januari 2028). date on January 15, 2028).
Pada tanggal 13 Desember 2024, PT Pefindo On December 13, 2024, PT Pefindo rated the
menetapkan peringkat Obligasi I Trimegah pada Trimegah Bonds I at idA.
idA.
Obligasi Berkelanjutan II Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tahap I Tahun 2025 Registration Bonds II Phase I Year 2025
Pada tanggal 3 Juli 2025, Perusahaan On July 3, 2025, the Company has issued
menerbitkan Obligasi Berkelanjutan II PT Trimegah Sekuritas Indonesia Tbk Shelf
PT Trimegah Sekuritas Indonesia Tbk Tahap I Registration Bonds II Phase I Year 2025 with a
Tahun 2025 dengan suku bunga tetap yang fixed interest paid on a quarterly basis commencing
dibayarkan triwulan dimulai pada tanggal from October 2, 2025. Trimegah Bonds II Phase I
2 Oktober 2025. Obligasi II Trimegah Tahap I Year 2025 comprised of two series as follows:
Tahun 2025 terdiri dari 2 seri sebagai berikut:
a. Seri A: Nilai nominal Rp150,54 miliar dengan a. Series A: Nominal value of Rp150.54 billion
suku bunga 7,20% per tahun dan with a fixed coupon rate of 7.20%
berjangka waktu 370 hari sejak per annum, maturity term of 370
tanggal emisi (jatuh tempo pada days since the issuance date (due
tanggal 12 Juli 2026). date on July 12, 2026).
b. Seri B: Nilai nominal Rp549,46 milliar dengan b. Series B: Nominal value of Rp549.46 billion
suku bunga 8,80% per tahun dan with a fixed coupon rate at 8.80%
berjangka waktu tiga (3) tahun sejak per annum, maturity term of three
tanggal emisi (jatuh tempo pada (3) years since the issuance date
tanggal 2 Juli 2028). (due date on July 2, 2028).
Pada tanggal 30 Juni 2025, PT Pefindo On June 30, 2025, PT Pefindo rated the Trimegah
menetapkan peringkat Obligasi II Trimegah Bonds II at idA.
masing-masing pada idA.
117
Page 413
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SURAT UTANG JANGKA PANJANG (lanjutan) 20. LONG-TERM NOTES PAYABLE (continued)
Utang obligasi (lanjutan) Bonds payables (continued)
Obligasi Berkelanjutan II Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tahap II Tahun 2025 Registration Bonds II Phase II Year 2025
Pada tanggal 9 Oktober 2025, Perusahaan On October 9, 2025, the Company has issued
menerbitkan Obligasi Berkelanjutan II PT Trimegah Securities Tbk Shelf Registration
PT Trimegah Sekuritas Indonesia Tbk Tahap II Bonds II Phase II Year 2025 (’’Obligasi II Trimegah
Tahun 2025 (’’Obligasi II Trimegah 2025’’) dengan 2025’’) with a fixed interest paid on a quarterly basis
suku bunga tetap yang dibayarkan triwulan dimulai commencing from January 8, 2026. Trimegah
pada tanggal 8 Januari 2026. Obligasi II Trimegah Bonds II Phase II Year 2025 comprised of two
Tahap II Tahun 2025 terdiri dari 2 seri sebagai series as follows:
berikut:
a. Seri A: Nilai nominal Rp100,00 miliar dengan a. Series A: Nominal value of Rp100.00 billion
suku bunga 6,75% per tahun dan with a fixed coupon rate of 6.75%
berjangka waktu 370 hari sejak per annum, maturity term of 370
tanggal emisi (jatuh tempo pada days since the issuance date (due
tanggal 18 Oktober 2026). date on October 18, 2026).
b. Seri B: Nilai nominal Rp400,00 milliar dengan b. Series B: Nominal value of Rp400.00 billion
suku bunga 8,25% per tahun dan with a fixed coupon rate at 8.25%
berjangka waktu tiga (3) tahun sejak per annum, maturity term of three
tanggal emisi (jatuh tempo pada (3) years since the issuance date
tanggal 8 Oktober 2028). (due date on October 8, 2028).
Pada tanggal 30 Juni 2025, PT Pefindo On June 30, 2025, PT Pefindo rated the Trimegah
menetapkan peringkat Obligasi II Trimegah Bonds II at idA.
masing-masing pada idA.
Obligasi Berkelanjutan II Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tahap III Tahun 2025 Registration Bonds II Phase III Year 2025
Pada tanggal 5 Desember 2025, Perusahaan On December 5, 2025, the Company has issued
menerbitkan Obligasi Berkelanjutan II PT Trimegah Securities Tbk Shelf Registration
PT Trimegah Sekuritas Indonesia Tbk Tahap III Bonds II Phase III Year 2025 (’’Obligasi II Trimegah
Tahun 2025 (’’Obligasi II Trimegah 2025’’) dengan 2025’’) with a fixed interest paid on a quarterly basis
suku bunga tetap yang dibayarkan triwulan dimulai commencing from March 5, 2026. Trimegah Bonds
pada tanggal 5 Maret 2026. Obligasi II Trimegah II Phase III Year 2025 comprised of two series as
Tahap III Tahun 2025 terdiri dari 2 seri sebagai follows:
berikut:
a. Seri A: Nilai nominal Rp300,00 miliar a. Series A: Nominal value of Rp300.00 billion
dengan suku bunga 8,00% per tahun with a fixed coupon rate of 8.00%
dan berjangka waktu lima (5) tahun per annum, maturity term of five (5)
sejak tanggal emisi (jatuh tempo years since the issuance date (due
pada tanggal 5 Desember 2030). date on December 5, 2030).
b. Seri B: Nilai nominal Rp250,00 milliar b. Series B: Nominal value of Rp250.00 billion
dengan suku bunga 8,50% per tahun with a fixed coupon rate at 8.50%
dan berjangka waktu tujuh (7) tahun per annum, maturity term of seven
sejak tanggal emisi (jatuh tempo (7) years since the issuance date
pada tanggal 5 Desember 2032). (due date on December 5, 2032).
Pada tanggal 30 Juni 2025, PT Pefindo On June 30, 2025, PT Pefindo rated the Trimegah
menetapkan peringkat Obligasi II Trimegah Bonds II at idA.
masing-masing pada idA.
118
Page 414
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SURAT UTANG JANGKA PANJANG (lanjutan) 20. LONG-TERM NOTES PAYABLE (continued)
Utang obligasi (lanjutan) Bonds payables (continued)
Hal lain: Other matter:
Pembatasan berdasarkan perjanjian mensyaratkan The restrictions under the terms of the agreements
bahwa: tanpa persetujuan tertulis dari Agen requires that: without the written approval of the
Pemantau, Perusahaan tidak akan melakukan hal- Monitoring Agent, the Company will not do the
hal sebagai berikut: (a) pemberian pinjaman atau following: (a) granting loans or credit to other
kredit kepada pihak lain, kecuali pinjaman yang parties, except loans that have existed before the
telah ada sebelum obligasi diterbitkan, pinjaman issuance of bonds, loans made in connection with
yang dilakukan sehubungan dengan kegiatan the daily business activities of the Company, loans
usaha sehari-hari Perusahaan, pinjaman kepada to employees including members of the board of
pegawai termasuk anggota direksi dan komisaris directors and commissioners for welfare programs
untuk program kesejahteraan sesuai peraturan in accordance with the regulations of the
perusahaan koperasi karyawan Perusahaan, atau Company’s employees cooperative, or loans in the
pinjaman dalam rangka Program Tanggung jawab framework of the Corporate Social Responsibility
Sosial Perusahaan (CSR); (b) merger, akuisisi, Program (CSR); (b) enter into a merger, acquisition,
menjual asset, dan perubahan modal; (c) sale of assets and changes in paid-in capital; (c) to
mengadakan hak gadai lebih dari 50% harta hold a pledge of more than 50% of the Company's
kekayaan Perusahaan, kecuali atas jaminan yang assets, except for guarantees that have been
telah dilakukan gadai sebelum obligasi diterbitkan pledged before the issuance of bonds or given in
atau yang diberikan sehubungan dengan kegiatan connection with operational activities and the
operasional dan kewajiban menyediakan jaminan obligation to provide guarantees determined by the
yang ditetapkan oleh otoritas pasar modal, antara capital market authority, including bank facilities for
lain fasilitas bank untuk perdagangan efek dan securities trading and guarantee for operational
jaminan untuk transaksi operasional; dan transactions; and (d) submitted a Postponement of
(d) mengajukan Penundaan Kewajiban Debt Payment Obligations (PKPU). The Company
Pembayaran Utang (PKPU). Perusahaan juga is also required to maintain and uphold: (a) debt to
diwajibkan untuk menjaga dan mempertahankan equity ratio not more than 2.5 (two point five); and
(a) debt to equity ratio tidak lebih dari 2,5 (dua koma (b) current ratio at least 100%.
lima); dan (b) rasio lancar minimum 100%.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the Company
Perusahaan telah memenuhi persyaratan dan met such terms and conditions of bonds payable’s
kondisi dari utang obligasi tersebut. requirements.
Pada tanggal 31 Desember 2025 dan 2024, utang As of December 31, 2025 and 2024, bonds payable
obligasi tidak dijamin dengan suatu agunan. are not secured by any collateral.
21. LIABILITAS SEWA 21. LEASE LIABILITIES
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Masa jatuh tempo: Maturity dates:
1 tahun 7.463.732 6.232.760 1 year
Lebih dari 1 tahun 18.808.146 18.022.917 More than 1 year
Total 26.271.878 24.255.677 Total
Jumlah biaya bunga yang dibebankan pada tahun Interest expense charged for the year ended
31 Desember 2025 dan 2024 adalah sebesar December 31, 2025 and 2024 is amounted
Rp2.358.826 dan Rp2.618.464. Rp2,358,826 and Rp2,618,464, respectively.
119
Page 415
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. UTANG LAIN-LAIN 22. OTHER PAYABLES
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Utang bunga dan dividen Interest and dividend
kepada nasabah 8.665.039 965.503 payable to customers
Nilai aset neto yang diatribusikan Net asset value attributable
kepada pemegang unit 5.762.138 5.456.227 to unit holders
Lain-lain 2.547.679 2.555.028 Others
Total 16.974.856 8.976.758 Total
Lain-lain terutama terdiri dari transaksi yang masih Others mainly consist of unsettled transaction.
harus diselesaikan.
23. PERPAJAKAN 23. TAXATION
a. Pajak dibayar dimuka a. Prepaid tax
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Lebih bayar pajak penghasilan Overpayment of corporate
badan - Perusahaan 2017 - 2.178.900 income tax - the Company 2017
Total - 2.178.900 Total
Manajemen berkeyakinan bahwa pajak dibayar Management believes that the prepaid tax are
dimuka seluruhnya dapat diterima oleh fully received by the Company.
Perusahaan.
b. Utang pajak b. Taxes payable
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Pasal 4 (2) 3.233.209 1.518.284 Article 4 (2)
Pasal 21 3.182.988 2.075.676 Article 21
Pasal 23 424.505 171.523 Article 23
Pasal 25 1.005.780 1.409.986 Article 25
Pasal 26 225.575 116.214 Article 26
Pasal 29 - tahun 2025 22.313.697 - Article 29 - year 2025
Pasal 29 - tahun 2024 - 22.676.086 Article 29 - year 2024
Bea Materai 939.320 710.830 Stamp Duty
Pajak pertambahan nilai - neto Value added tax - net
Perusahaan 3.879.421 7.644.537 Company
Entitas anak 3.702.856 967.703 Subsidiary
Total 38.907.351 37.290.839 Total
120
Page 416
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
c. (Beban) manfaat pajak penghasilan c. Income tax (expense) benefit
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Beban pajak final Final tax expense
Beban pajak final - dari kegiatan Final tax expense - from business
usaha activities
Perusahaan (7.031.351) (5.352.215) Company
Entitas anak (508.841) (1.104.168) Subsidiary
(7.540.192) (6.456.383)
Beban pajak final - dari kegiatan Final tax expense - from outside
di luar usaha business activities
Perusahaan (1.256.535) (993.189) Company
Entitas anak (1.155.441) (350.078) Subsidiary
(2.411.976) (1.343.267)
Total beban pajak final (9.952.168) (7.799.650) Total final tax expense
Beban pajak kini Current tax expense
Perusahaan (83.622.830) (55.977.184) Company
Entitas anak (23.641.420) (14.874.866) Subsidiary
(107.264.250) (70.852.050)
(Beban)/manfaat pajak tangguhan Deferred tax (expense)/benefit
Perusahaan 4.955.851 4.711.984 Company
Entitas anak 2.286.467 344.858 Subsidiary
7.242.318 5.056.842
Total beban pajak penghasilan (100.021.932) (65.795.208) Total of income tax expense
Beban pajak atas penghasilan final yang timbul Tax expense on final income arising from
dari kegiatan di luar usaha Perusahaan dan activities outside the business of the Company
entitas anaknya dicatat pada pos beban lainnya and its subsidiaries are recorded under other
pada Pendapatan (Beban) Lain-lain. expenses under Other Income (Expenses).
121
Page 417
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
c. (Beban) manfaat pajak penghasilan c. Income tax (expense) benefit
Rekonsiliasi antara laba sebelum pajak A reconciliation between profit before income
penghasilan menurut laporan laba rugi dan tax per consolidated statement of profit or loss
penghasilan komprehensif lain konsolidasian and other comprehensive income and taxable
dengan laba fiskal adalah sebagai berikut: income are as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Laba sebelum beban pajak final dan
pajak penghasilan menurut Profit before final tax and income tax
laporan laba rugi dan expense per consolidated
penghasilan komprehensif statement of profit or loss and
lain konsolidasian 703.513.607 333.493.050 other comprehensive income
Dikurangi laba sebelum beban pajak
final dan pajak penghasilan Less profit before final tax and income
entitas anak (105.444.258) (70.484.092) tax expense of subsidiary
Eliminasi pembagian dividen Elimination of dividend
entitas anak 39.960.000 39.960.000 of subsidiary
Laba sebelum pajak Perusahaan 638.029.349 302.968.958 Profit before tax of the Company
Perbedaan temporer: Temporary differences:
Imbalan kerja 5.071.784 3.788.119 Employee benefits
Beban akrual 38.787.264 13.993.631 Accrued expenses
Perbedaan antara penyusutan dan Difference between commercial and
amortisasi komersial dan fiskal 562.048 767.827 fiscal depreciation and amortization
Cadangan kerugian penurunan nilai (18.337.668) 6.250.341 Allowance for impairment losses
Beban yang tidak dapat
diperhitungkan: Nondeductible expenses:
Beban proporsional yang terkait Proportional expenses related to
dengan penghasilan pajak final 72.043.305 41.653.517 income subjected to final tax
Jamuan dan sumbangan 7.765.889 5.871.489 Entertainment and donation
Beban pemasaran 7.320.286 2.187.302 Marketing expenses
Perubahan nilai wajar efek untuk Changes in fair value of
diperdagangkan (116.734.637) 1.360.809 securities held for trading
Lain-lain 12.538.605 10.032.776 Others
Penghasilan yang bukan objek pajak Non-taxable income or income
atau sudah dikenakan pajak final: already subjected to final tax:
Keuntungan penjualan investasi (131.710.239) (18.946.832) Gain on sale of investment
Pendapatan dividen (49.717.652) (42.550.260) Dividends income
Pendapatan bunga kupon obligasi (19.293.006) (27.874.332) Interest coupon from bonds
Penghasilan deposito berjangka dan Interest income on time deposits and
jasa giro (6.205.171) (4.886.585) current accounts
Laba fiskal 440.120.157 294.616.760 Taxable income
Beban pajak kini - tahun berjalan 83.622.830 55.977.184 Current tax expense - current year
Pembayaran pajak penghasilan badan (66.844.714) (33.301.098) Corporate income tax payment
Kurang bayar pajak
penghasilan badan 16.778.116 22.676.086 Underpayment of corporate income tax
122
Page 418
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
c. (Beban) manfaat pajak penghasilan c. Income tax (expense) benefit (continued)
(lanjutan)
Beban dan utang (lebih bayar) pajak kini Current tax expenses and taxes payable
Perusahaan dan entitas anaknya adalah (prepaid tax) of the Company and its
sebagai berikut: subsidiaries are as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Beban pajak kini dengan tarif yang Current tax expense at prevailing
berlaku tax rate
Perusahaan (19%) 83.622.830 55.977.184 Company (19%)
Entitas anak (22%) 23.641.420 14.874.866 Subsidiary (22%)
Sub-total 107.264.250 70.852.050 Sub-total
Dikurangi pembayaran pajak di muka: Less prepaid taxes:
Perusahaan Company
Pasal 23 55.210.371 29.022.911 Article 23
Pasal 25 11.634.343 4.281.478 Article 25
Sub-total 66.844.714 33.304.389 Sub-total
Entitas anak Subsidiary
Pasal 23 8.671.715 5.396.442 Article 23
Pasal 25 9.434.124 9.475.133 Article 25
Sub-total 18.105.839 14.871.575 Sub-total
Utang pajak: Taxes payable:
Perusahaan 16.778.116 22.672.795 Company
Entitas anak 5.535.581 3.291 Subsidiary
Total 22.313.697 22.676.086 Total
Perhitungan pajak penghasilan untuk tahun The income tax calculation for the year ended
yang berakhir pada tanggal 31 Desember 2025 December 31, 2025 will be the basis in filling
akan menjadi dasar dalam pengisian Surat the Annual Corporate Income Tax Return.
Pemberitahuan Tahunan (SPT) Pajak
Penghasilan Badan.
Perhitungan pajak penghasilan badan untuk The corporate income tax calculation for the
tahun yang berakhir pada tanggal year ended December 31, 2024 conforms with
31 Desember 2024 telah sesuai dengan SPT the Company’s annual tax returns.
tahunannya.
Berdasarkan Laporan Bulanan Kepemilikan Based on the Monthly Shareholding Report
Saham tanggal 8 Januari 2026 dan 8 Januari dated January 8, 2026 and January 8, 2025
2025 dari Biro Administrasi Efek, Sinartama from the Registrar, Sinartama Gunita, regarding
Gunita, masing-masing atas kepemilikan Parent Entity’s shares during the year 2025 and
saham Entitas Induk selama tahun 2025 dan 2024, respectively, the Parent Entity has met all
2024, semua kriteria untuk memperoleh fasilitas criteria mentioned in Article 3 of Government
penurunan tarif pajak tersebut di atas, yang Regulation No. 30 year 2020 regarding the
diatur dalam Pasal 3 dari Peraturan Pemerintah Decrease in Income Tax Rates ("PPh") for
No. 30 tahun 2020 tentang Penurunan Tarif Domestic Corporate Tax Payers in the Form of
PPh bagi Wajib Pajak Badan Dalam Negeri Public Companies, to obtain a facility of tax rate
yang Berbentuk Perseroan Terbuka, telah reduction.
terpenuhi.
123
Page 419
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
c. (Beban) manfaat pajak penghasilan c. Income tax (expense) benefit (continued)
(lanjutan)
Tarif pajak penghasilan Perusahaan telah The Company’s income tax rate are calculated
dihitung menggunakan tarif pajak 19% masing- using single tax rate of 19% for the fiscal year
masing untuk tahun fiskal yang berakhir pada ended December 31, 2025 and 2024,
tanggal 31 Desember 2025 dan 2024. respectively.
d. Aset pajak tangguhan d. Deferred tax assets
31 Desember/December 31, 2025
Dikreditkan ke
Dikreditkan laporan
(dibebankan) pendapatan
ke laba rugi/ komprehensif lain/
Saldo awal/ Credited Credited to other Saldo akhir/
Beginning (charged) comprehensive Ending
Balance to profit loss income Balance
Perusahaan Company
Cadangan kerugian Allowance for impairment
penurunan nilai 15.548.693 (3.484.157) - 12.064.536 losses
Penyisihan Provision for employee
imbalan kerja 6.210.080 963.639 (379.604) 6.794.115 benefits
Penyisihan bonus 7.112.663 7.369.580 - 14.482.243 Provision for bonuses
Perbedaan penyusutan Difference in depreciation
aset tetap (191.233) 106.789 - (84.444) of fixed assets
Sub-total 28.680.203 4.955.851 (379.604) 33.256.450 Sub-total
Entitas anak Subsidiary
Cadangan kerugian Allowance for impairment
penurunan nilai 2.301.640 - - 2.301.640 losses
Penyisihan Provision for employee
imbalan kerja 2.452.963 378.986 83.046 2.914.995 benefits
Penyisihan bonus 4.070.000 1.917.058 - 5.987.058 Provision for bonuses
Perbedaan penyusutan Difference in depreciation
aset tetap (63.218) (9.577) - (72.795) of fixed assets
Sub-total 8.761.385 2.286.467 83.046 11.130.898 Sub-total
Total 37.441.588 7.242.318 (296.558) 44.387.348 Total
31 Desember/December 31, 2024
Dikreditkan ke
Dikreditkan laporan
(dibebankan) pendapatan
ke laba rugi/ komprehensif lain/
Saldo awal/ Credited Credited to other Saldo akhir/
Beginning (charged) comprehensive Ending
Balance to profit loss income Balance
Perusahaan Company
Cadangan kerugian Allowance for impairment
penurunan nilai 14.361.128 1.187.565 - 15.548.693 losses
Penyisihan Provision for employee
imbalan kerja 5.896.884 719.743 (406.547) 6.210.080 benefits
Penyisihan bonus 4.453.873 2.658.790 - 7.112.663 Provision for bonuses
Perbedaan penyusutan Difference in depreciation
aset tetap (337.119) 145.886 - (191.233) of fixed assets
Sub-total 24.374.766 4.711.984 (406.547) 28.680.203 Sub-total
Entitas anak Subsidiary
Cadangan kerugian Allowance for impairment
penurunan nilai 2.301.640 - - 2.301.640 losses
Penyisihan Provision for employee
imbalan kerja 2.525.003 90.150 (162.190) 2.452.963 benefits
Penyisihan bonus 3.858.462 211.538 - 4.070.000 Provision for bonuses
Perbedaan penyusutan Difference in depreciation
aset tetap (106.388) 43.170 - (63.218) of fixed assets
Sub-total 8.578.717 344.858 (162.190) 8.761.385 Sub-total
Total 32.953.483 5.056.842 (568.737) 37.441.588 Total
124
Page 420
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
d. Aset pajak tangguhan (lanjutan) d. Deferred tax assets (continued)
Pengaruh pajak tangguhan atas perubahan nilai The deferred tax impact of the change in fair
wajar efek yang diperdagangkan tidak value of securities held for trading was not
diperhitungkan, karena pelepasan investasi ini calculated, since the redemption of this
dikenakan pajak penghasilan final dan/atau investment is subjected to final income tax
bukan objek pajak. and/or non taxable income.
Manajemen berkeyakinan bahwa aset pajak Management believes that the deferred tax
tangguhan seluruhnya dapat dipulihkan. assets are fully realizable.
e. Rekonsiliasi beban pajak e. Reconciliation of tax expense
Rekonsiliasi antara beban pajak yang dihitung The reconciliation between the tax expense
dengan mengunakan tarif pajak yang berlaku computed by applying the applicable tax rate on
dari laba sebelum beban pajak dan beban pajak the income before tax expense and the tax
- neto seperti yang disajikan dalam laporan laba expense - net shown in the consolidated
rugi dan penghasilan komprehensif lain statement of profit or loss and other
konsolidasian untuk tahun yang berakhir pada comprehensive income for the year ended
tanggal 31 Desember 2025 dan 2024 adalah December 31, 2025 and 2024, are as follows:
sebagai berikut:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Laba sebelum beban pajak final Profit before final tax and income
dan pajak penghasilan menurut tax expense per consolidated
laporan laba rugi dan penghasilan statement of profit or loss and
komprehensif lain konsolidasian 703.513.607 333.493.050 other comprehensive income
Dikurangi laba sebelum beban pajak Less profit before final tax and
final dan pajak penghasilan income tax expense
entitas anak (105.444.258) (70.484.092) of subsidiary
Eliminasi pembagian dividen Eliminations of dividend
entitas anak 39.960.000 39.960.000 of subsidiary
Laba sebelum pajak Perusahaan 638.029.349 302.968.958 Profit before tax of the Company
Beban pajak dihitung dengan tarif Tax expense computed
yang berlaku (121.225.576) (57.564.102) at effective tax
Pengaruh atas: Effects of:
Pendapatan yang sudah Revenues subjected to
dikenakan pajak final 29.869.599 9.824.472 final income tax
Pendapatan bukan objek pajak 9.446.353 8.084.549 Non-taxable income
Beban yang tidak dapat diperhitungkan 3.242.645 (11.610.119) Non-deductible expenses
Beban pajak sebelum pajak final Tax expense before final income tax
Perusahaan (78.666.979) (51.265.200) Company
Entitas anak (21.354.953) (14.530.008) Subsidiary
(100.021.932) (65.795.208)
Pajak penghasilan final Final tax expense
Perusahaan (8.287.886) (6.345.404) Company
Entitas anak (1.664.282) (1.454.246) Subsidiary
(9.952.168) (7.799.650)
Total beban pajak (109.974.100) (73.594.858) Total tax expense
125
Page 421
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
f. Lainnya f. Others
Pemeriksaan tahun pajak 2016 Tax Assessment for fiscal year 2016
Pada tanggal 29 Maret 2018, Perusahaan On March 29, 2018, the Company received
menerima Surat Ketetapan Pajak Kurang a Tax Underpayment Assessment Letter
Bayar (SKPKB) No. 00012/206/16/054/18 dari (SKPKB) No. 00012/206/16/054/18 from the
Direktorat Jenderal Pajak atas pajak Director General of Taxation for year 2016.
penghasilan badan tahun 2016. Berdasarkan Based on those SKPKB stated that the
SKPKB, dinyatakan bahwa Perusahaan Company had underpaid its income tax
dinyatakan kurang bayar pajak penghasilan amounting to Rp3,471,932.
sebesar Rp3.471.932.
Pada tanggal 26 Juni 2018, Perusahaan On June 26, 2018, the Company filed an
mengajukan keberatan atas penetapan SKPKB objection to the SKPKB stipulation where there
tersebut dimana terdapat koreksi atas laba was a correction in 2016 income tax amounting
fiskal tahun 2016 sebesar Rp11.081.492 yang to Rp11,081,492 which resulted in a reduction
mengakibatkan pengurangan pada akumulasi in the Company's tax loss carry forward.
rugi fiskal Perusahaan.
Pada tanggal 29 Mei 2019, Direktur Jenderal On May 29, 2019, Director General of
Pajak menerbitkan Surat Keputusan Taxation issued Decision Letter
No. KEP-00018/NKEB/WPJ.07/KP.0803/2019 No. KEP-00018/NKEB/WPJ.07/KP.0803/2019
tentang pembetulan secara jabatan Surat regarding official rectification to the
Ketetapan Pajak kurang bayar wajib pajak underpayment of tax assessment of corporate
badan tahun pajak 2016 yang dinyatakan income tax fiscal year 2016 which stated in the
dalam keputusan sebelumnya previous decision No. 00012/206/16/054/18.
No. 00012/206/16/054/18.
Pada tanggal 26 Juni 2019, Direktorat Jenderal On June 26, 2019, the Director General of
Pajak menerbitkan Surat Keputusan Keberatan Taxation issued a decision letter to the
terhadap SKPKB Perusahaan dan menolak Company’s Objection Letter on the SKPKB and
keberatan tersebut, selanjutnya pajak rejected the objection, therefore income tax
penghasilan menjadi lebih bayar Rp2.398.767. became an overpayment of Rp2,398,767.
Berdasarkan surat pembetulan SKPKB dan Based on the SKPKB rectification and the
hasil dari surat keputusan keberatan tersebut results of the objection decision letter, on
pada tanggal 12 Juli 2019, Perusahaan July 12, 2019, the Company received a tax
menerima pengembalian pajak tahun 2016 refund payment of Rp5,869,570. The Company
sebesar Rp5.869.570. Perusahaan telah has filed an appeal against the objection
mengajukan banding atas Surat Keputusan decision letter to the Tax Court on
Keberatan tersebut kepada Pengadilan Pajak September 19, 2019. On September 24, 2024,
pada tanggal 19 September 2019. Pada the Tax Court pronounced its decision on the
tanggal 24 September 2024, Pengadilan Pajak appeal for the 2016 tax year, with a decision to
mengucapkan putusan banding tahun pajak reject the applicant's appeal. Based on this
2016, dengan putusan menolak banding decision, the Company submitted a request for
pemohon. Atas putusan tersebut, Perusahaan judicial review to the Supreme Court on
melakukan permohonan Peninjauan Kembali December 19, 2024. On November 12, 2025,
ke Mahkamah Agung pada 19 Desember 2024. the Supreme Court decided to reject the petition
Pada tanggal 12 November 2025, Mahkamah for judicial review.
Agung memutuskan menolak permohonan
Peninjauan Kembali.
126
Page 422
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
f. Lainnya (lanjutan) f. Others (continued)
Pemeriksaan tahun pajak 2017 Tax Assessment for fiscal year 2017
Pada tanggal 16 April 2019, Perusahaan On April 16, 2019, the Company received a Tax
menerima Surat Ketetapan Pajak Kurang Underpayment Assessment Letter (SKPKB)
Bayar (SKPKB) No. 00008/206/17/054/19 dari No. 00008/206/17/054/19 from the Director
Direktorat Jenderal Pajak atas pajak General of Taxation for year 2017. Based on
penghasilan badan tahun 2017. Berdasarkan those SKPKB stated that the Company had
SKPKB tersebut dinyatakan bahwa underpaid its income tax amounting to
Perusahaan dinyatakan kurang bayar pajak Rp210,154.
penghasilan sebesar Rp210.154.
Pada tanggal 21 Juli 2019, Perusahaan On July 21, 2019, the Company filed an
mengajukan keberatan atas penetapan objection to SKPKB stipulation where there
SKPKB tersebut dimana terdapat koreksi atas was a correction in 2017 income tax
laba fiskal tahun 2017 sebesar Rp11.351.172 amounting to Rp11,351,172 which resulted in
yang mengakibatkan pengurangan pada reduction in the Company’s tax loss carry
akumulasi rugi fiskal Perusahaan. forward.
Pada tanggal 30 September 2019, Direktur On September 30, 2019, the Director General
Jenderal Pajak menerbitkan Surat Keputusan Taxation issued Decision Letter
No. KEP-00028/NKEB/WPJ.07/KP.08/019 No. KEP-00028/NKEB/WPJ.07/KP.08/019
tentang pembetulan secara jabatan Surat regarding official rectification to the
Ketetapan Pajak kurang bayar wajib pajak underpayment of tax assessment of corporate
badan tahun pajak 2017 yang dinyatakan income tax fiscal year 2017 which was
dalam keputusan sebelumnya stated in the previous decision
No. 00008/206/17/054/19 yang membetulkan No. 00008/206/17/054/19 which amended the
kesalahan perhitungan, selanjutnya pajak incorrect calculation, therefore the corporate
penghasilan badan menjadi lebih bayar income tax became a tax overpayment of
sebesar Rp7.464.503. Rp7,464,503.
Berdasarkan pembetulan SKPKB tersebut Based on the SKPKB rectification on
pada tanggal 5 November 2019, Perusahaan November 5, 2019, the Company received a
menerima pengembalian pembayaran pajak tax refund payment of Rp7,464,503.
sebesar Rp7.464.503.
Pada tanggal 6 Juli 2020, Direktorat Jenderal On July 6, 2020, the Director General of
Pajak menerbitkan Surat Keputusan Keberatan Taxation issued a decision letter to the
terhadap SKPKB Perusahaan dan menolak Company’s Objection Letter on the SKPKB
keberatan tersebut, selanjutnya pajak and rejected the objection, therefore income
penghasilan menjadi lebih bayar Rp7.464.503. tax became an overpayment of Rp7,464,503.
Perusahaan telah mengajukan banding atas The Company has filed an appeal against the
Surat Keputusan Keberatan tersebut kepada objection decision letter to the Tax Court on
Pengadilan Pajak pada tanggal 1 Oktober October 1, 2020.
2020.
Pada tanggal 27 Mei 2025, dalam sidang ucap On May 27, 2025, in a Tax Court hearing, the
Pengadilan Pajak, mengabulkan seluruhnya appeal filed by the Company regarding the
banding yang diajukan untuk sengketa pajak 2017 fiscal year tax dispute was fully granted.
tahun pajak 2017. Berdasarkan putusan Based on the Tax Court’s decision, the
pengadilan pajak tersebut, maka Perhitungan refundable Income Tax (PPh) overpayment to
Pajak Penghasilan (PPh) yang dikembalikan the Company amounted to Rp2,178,900.
(lebih bayar) ke Perusahaan sebesar
Rp2.178.900.
127
Page 423
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PERPAJAKAN (lanjutan) 23. TAXATION (continued)
f. Lainnya (lanjutan) f. Others (continued)
Perusahaan sedang menjalani pemeriksaan The Company is subject to tax audit by the
pajak oleh Direktorat Jendral Pajak atas Pajak Directorate General of Taxes for Corporate
Penghasilan Badan untuk tahun pajak 2018 - Income Taxes for the 2018 - 2021 fiscal years.
2021. Sampai dengan tanggal laporan As at the date of financial statements, the tax
keuangan, pemeriksaan pajak tersebut masih audit processes are still on going and no final
dalam proses dan belum diterbitkan surat tax assessment letters have been issued.
ketetapan pajak final.
24. LIABILITAS ATAS IMBALAN KERJA 24. EMPLOYEE BENEFITS LIABILITIES
Pensiun iuran pasti Defined contribution plan
Perusahaan dan entitas anaknya The Company and its subsidiaries implement
menyelenggarakan program pensiun iuran pasti a defined contribution plan covering all of their
untuk seluruh pegawai tetapnya yang dikelola oleh permanent employees. which is managed by
Dana Pensiun Lembaga Keuangan (DPLK) PT AIA Pension Fund Financial Institution (DPLK) of
Financial. Nilai kontribusi Perusahaan dan entitas PT AIA Financial. The Company and its subsidiaries’
anaknya untuk dana pensiun adalah sebesar 3% contribution to the pension plan retirement fund is
dari gaji pokok pegawai yang disajikan sebagai 3% of the employees' basic salaries and is
bagian dari "beban gaji dan tunjangan karyawan" presented as part of "employee salaries and
dalam laporan laba rugi dan penghasilan benefits" in the consolidated statement of profit or
komprehensif lain konsolidasian. Nilai kontribusi loss and other comprehensive income. The
Perusahaan dan entitas anaknya adalah sebesar Company and its subsidiaries’ contributions
Rp2.572.750 dan Rp2.444.733 masing-masing amounted to Rp2,572,750 and Rp2,444,733 for the
untuk tahun yang berakhir pada tanggal year ended December 31, 2025 and 2024,
31 Desember 2025 dan 2024. respectively.
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya Employee Benefit
Selain di atas, Perusahaan dan entitas anaknya juga Aside from the above, the Company and its
menyelenggarakan program imbalan pasca kerja subsidiaries also implement post-employment
dan imbalan jangka panjang lainnya untuk seluruh benefit and other long-term employee benefits
pegawai tetapnya sebagai berikut: covering all of their permanent employees, as
follows:
Liabilitas yang diakui dalam laporan posisi Liability recognized in the consolidated statement of
keuangan konsolidasian tanggal 31 Desember 2025 financial position as of December 31, 2025 and
dan 2024: 2024, is as follows:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Liabilitas imbalan pasca kerja Post-employment benefits liabilities
Perusahaan 29.499.512 27.327.296 The Company
Entitas anaknya 10.653.316 8.842.779 Subsidiary
40.152.828 36.170.075
Liabilitas imbalan kerja jangka Liabilities other long-term
panjang lainnya employee benefit
Perusahaan 6.258.985 5.357.331 The Company
Entitas anaknya 2.596.662 2.307.052 Subsidiary
8.855.647 7.664.383
Total 49.008.475 43.834.458 Total
128
Page 424
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS ATAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
Beban (pendapatan) yang diakui dalam laporan laba Expenses (income) recognized in the consolidated
rugi dan penghasilan komprehensif lain statement of profit or loss and other comprehensive
konsolidasian pada tahun yang berakhir pada income for the year ended December 31, 2025 and
tanggal 31 Desember 2025 dan 2024: 2024, are as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Beban/(pendapatan) imbalan Post-employment benefit expense/
pasca kerja (income)
Perusahaan 5.114.687 5.648.889 The Company
Entitas anaknya 1.473.817 1.738.364 Subsidiary
6.588.504 7.387.253
Beban imbalan kerja jangka Other long-term employee
panjang lainnya benefit expense
Perusahaan 1.329.261 1.057.148 The Company
Entitas anaknya 485.040 277.895 Subsidiary
1.814.301 1.335.043
Total 8.402.805 8.722.296 Total
Perhitungan imbalan kerja pada tanggal The computation of employee benefits as of
31 Desember 2025 dan 2024 dilakukan oleh aktuaris December 31, 2025 and 2024, were prepared by
independen, Kantor Konsultan Aktuaria Yusi independent actuary, Kantor Konsultan Aktuaria
dan Rekan dalam laporannya masing-masing Yusi dan Rekan in its report dated March 13, 2026
tertanggal 13 Maret 2026 dan 28 Februari 2025 and February 28, 2025, respectively, by using the
dengan Metode Projected Unit Credit serta Projected Unit Credit Method with the following
mempertimbangkan asumsi-asumsi sebagai berikut: assumptions:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Perusahaan The Company
Tingkat diskonto 4,81% - 7,06% 6,88% - 7,13% Discount rate
Tingkat kenaikan gaji Annual salary increment
per tahun 8% 8% rate
Tingkat kematian Mortality table of Indonesia Mortality table of Indonesia Mortality rate
(TMI’19) (TMI’19)
Tingkat cacat 10% of Mortality Rate 10% of Mortality Rate Disability rate
Usia pensiun 55 tahun/years 55 tahun/years Retirement age
Ekspektasi sisa masa kerja Average future
rata-rata 14,61 tahun/years 13,90 tahun/years service expected
Entitas anaknya Subsidiary
Tingkat diskonto 4,81% - 7,06% 6,88% - 7,13% Discount rate
Tingkat kenaikan gaji 8% 8% Salary increment rate
Tingkat kematian Mortality table of Indonesia Mortality table of Indonesia Mortality rate
(TMI’19) (TMI’19)
Tingkat cacat 10% of Mortality Rate 10% of Mortality Rate Disabilty rate
Usia pensiun 55 tahun/years 55 tahun/years Retirement age
Ekspektasi sisa masa kerja Average remaining
rata-rata karyawan 14,58 tahun/years 15,02 tahun/years working lives
129
Page 425
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS ATAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
(i) Perusahaan (i) The Company
Liabilitas imbalan pasca kerja dan imbalan kerja Post-employment benefit and other long-term
jangka panjang lainnya yang diakui di laporan benefit plan recognized in the consolidated
posisi keuangan konsolidasian adalah sebagai statement of financial position are as follows:
berikut:
Tahun yang berakhir pada tanggal 31 Desember/
Year Ended December 31, 2025
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal 27.327.296 5.357.331 32.684.627 Beginning balance
Beban tahun berjalan 5.961.958 1.329.261 7.291.219 Current year income expense
Nilai yang diakui dalam
Pendapatan Amount recognized in other
komprehensif lain (1.997.914) - (1.997.914) comprehensive income
Biaya jasa lalu (847.271) - (847.271) Past service cost
Pembayaran manfaat (944.557) (427.607) (1.372.164) Benefits payments
Balance of employee
Saldo liabilitas imbalan kerja 29.499.512 6.258.985 35.758.497 benefit liabilities
Tahun yang berakhir pada tanggal 31 Desember/
Year Ended December 31, 2024
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal 26.177.628 4.858.603 31.036.231 Beginning balance
Beban tahun berjalan 5.648.889 1.057.148 6.706.037 Current year income expense
Nilai yang diakui dalam
pendapatan Amount recognized in other
komprehensif lain (2.139.723) - (2.139.723) comprehensive income
Pembayaran manfaat (2.359.498) (558.420) (2.917.918) Benefits payments
Balance of employee
Saldo liabilitas imbalan kerja 27.327.296 5.357.331 32.684.627 benefit liabilities
130
Page 426
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS ATAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
(i) Perusahaan (lanjutan) (i) The Company (continued)
Perubahan nilai kini liabilitas imbalan kerja The movements for the present value of
adalah sebagai berikut: employee benefit obligation are as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year Ended December 31, 2025
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal nilai kini liabilitas Beginning balance of the present value
imbalan kerja 27.327.296 5.357.331 32.684.627 of employee benefit obligation
Biaya jasa kini 4.167.078 1.124.345 5.291.423 Current service cost
Beban bunga 1.794.880 350.410 2.145.290 Interest cost
Pembayaran manfaat (944.557) (427.607) (1.372.164) Benefits payments
Biaya jasa lalu (847.271) - (847.271) Past service cost
Pengukuran kembali: Remeasurement:
Kerugian aktuarial dari Actuarial loss from changes
perubahan asumsi keuangan 2.016.890 - 2.016.890 in financial assumption
Keuntungan aktuarial dari Actuarial gain from experience
penyesuaian sebelumnya (4.014.804) (145.494) (4.160.298) adjustments
Saldo akhir nilai kini liabilitas Ending balance of the present value
imbalan kerja 29.499.512 6.258.985 35.758.497 of employee benefit obligation
Tahun yang berakhir pada tanggal 31 Desember/
Year Ended December 31, 2024
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal nilai kini liabilitas Beginning balance of the present value
imbalan kerja 26.177.628 4.858.603 31.036.231 of employee benefit obligation
Biaya jasa kini 4.057.672 1.001.364 5.059.036 Current service cost
Beban bunga 1.591.217 309.435 1.900.652 Interest cost
Pembayaran manfaat (2.359.498) (558.420) (2.917.918) Benefits payments
Pengukuran kembali: Remeasurement:
Kerugian aktuarial dari Actuarial loss from changes
Perubahan asumsi keuangan (1.102.981) (132.084) (1.235.065) in financial assumption
Keuntungan aktuarial dari Actuarial gain from experience
penyesuaian sebelumnya (1.036.742) (121.567) (1.158.309) adjustments
Saldo akhir nilai kini liabilitas Ending balance of the present value
imbalan kerja 27.327.296 5.357.331 32.684.627 of employee benefit obligation
131
Page 427
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS ATAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
(i) Perusahaan (lanjutan) (i) The Company (continued)
Beban (pendapatan) imbalan kerja Employee benefit expense (income)
Beban imbalan kerja jangka panjang yang Long-term employee benefits expense
diakui di laporan laba rugi komprehensif recognized in the Company’s statement of
Perusahaan adalah sebagai berikut: comprehensive income are as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year Ended December 31, 2025
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Biaya jasa kini 4.167.078 1.124.345 5.291.423 Current service cost
Biaya bunga 1.794.880 350.410 2.145.290 Interest cost
Biaya jasa lalu (847.271) - (847.271) Past service cost
Pengukuran kembali atas Remeasurement of
imbalan jangka other long term employee
panjang lainnya - (145.494) (145.494) benefits
5.114.687 1.329.261 6.443.948
Tahun yang berakhir pada tanggal 31 Desember/
Year Ended December 31, 2024
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Biaya jasa kini 4.057.672 1.001.364 5.059.036 Current service cost
Biaya bunga 1.591.217 309.435 1.900.652 Interest cost
Pengukuran kembali atas Remeasurement of
imbalan jangka other long term employee
panjang lainnya - (253.651) (253.651) benefits
5.648.889 1.057.148 6.706.037
Kategori utama dari aset program sebagai The major categories of plan assets as
persentase dari nilai wajar total aset program a percentage of the fair value of the total plan
adalah sebagai berikut (tidak diaudit): asset as follows (unaudited):
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Alokasi/ Pengembalian/ Alokasi/ Pengembalian/
Allocation Return Allocation Return
Dana saham 70% 17,39% 70% -1,66% Stock funding
Dana pendapatan tetap 20% 10,91% 20% 3,24% Fixed income funding
Dana pasar uang 10% 5,13% 10% 5,34% Money market funding
Total 100% 100% Total
132
Page 428
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS ATAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
(i) Perusahaan (lanjutan) (i) The Company (continued)
Aset program digunakan sebagai pengurang Plan assets are used as a deduction in the
dalam perhitungan imbalan kerja Perusahaan calculation of employee benefit liabilities for
untuk karyawan yang mendapatkan imbalan employees of the Company who are received
atas pemutusan hubungan kerja berupa benefit because of termination which caused by
pensiun normal dan pensiun dini. Nilai aset normal pension and early retirement. Plan
program yang telah diperhitungan sebagai assets which treated as deduction in employee
pengurang dalam imbalan kerja ini adalah benefit liabilities is amounting to Rp11,784,823
sebesar Rp11.784.823 dan Rp10.336.511 and Rp10,336,511 as of December 31, 2025
untuk tanggal 31 Desember 2025 dan 2024 and 2024, respectively (unaudited).
(tidak diaudit).
(ii) Entitas anaknya (ii) Its subsidiaries
Mutasi atas liabilitas imbalan kerja adalah Movement of employee benefits liabilities are
sebagai berikut: as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2025
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal 8.842.779 2.307.052 11.149.831 Beginning balance
Beban tahun berjalan 1.903.124 485.040 2.388.164 Current year expenses
Biaya jasa lalu (429.307) - (429.307) Past service cost
Nilai yang diakui dalam
dalam pendapatan Amount recognized in other
komprehensif lain 377.482 - 377.482 Amount recognized in other
Pembayaran manfaat (40.762) (195.430) (236.192) Current year expenses
Balance of employee
Saldo liabilitas imbalan kerja 10.653.316 2.596.662 13.249.978 benefit liabilities
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2024
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal 9.070.069 2.407.213 11.477.282 Beginning balance
Beban tahun berjalan 1.738.364 277.895 2.016.259 Current year expenses
Nilai yang diakui dalam
dalam pendapatan Amount recognized in other
komprehensif lain (737.225) - (737.225) comprehensive income
Pembayaran manfaat (1.228.429) (378.056) (1.606.485) Current year expenses
Balance of employee
Saldo liabilitas imbalan kerja 8.842.779 2.307.052 11.149.831 benefit liabilities
133
Page 429
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
(ii) Entitas anaknya (lanjutan) (ii) Its subsidiaries (continued)
Mutasi atas nilai kini liabilitas imbalan kerja Movement of the present value of employee
adalah sebagai berikut: benefits obligations are as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2025
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal nilai kini liabilitas Beginning balance of the present value
imbalan kerja 8.842.779 2.307.052 11.149.831 of employee benefit obligation
Biaya jasa kini 1.307.867 375.618 1.683.485 Current service cost
Beban bunga 595.257 148.538 743.795 Interest cost
Biaya jasa lalu (429.307) - (429.307) Past service cost
Pembayaran manfaat (40.762) (195.430) (236.192) Benefits payments
Pengukuran kembali: Remeasurement:
Kerugian aktuarial dari Actuarial loss from changes
perubahan asumsi keuangan 747.537 132.088 879.625 in financial assumption
Keuntungan aktuarial
dari penyesuaian Actuarial gain from
sebelumnya (370.055) (171.204) (541.259) experience adjustments
Saldo akhir nilai kini liabilitas Ending balance of the present value
imbalan kerja 10.653.316 2.596.662 13.249.978 of employee benefit obligation
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2024
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Saldo awal nilai kini liabilitas Beginning balance of the present value
imbalan kerja 9.070.069 2.407.213 11.477.282 of employee benefit obligation
Biaya jasa kini 1.235.557 381.036 1.616.593 Current service cost
Beban bunga 502.807 140.920 643.727 Interest cost
Pembayaran manfaat (1.228.429) (378.056) (1.606.485) Benefits payments
Pengukuran kembali: Remeasurement:
Kerugian aktuarial dari Actuarial loss from changes
perubahan asumsi keuangan (366.740) (59.685) (426.425) in financial assumption
Keuntungan aktuarial
dari penyesuaian Actuarial gain from
sebelumnya (370.485) (184.376) (554.861) experience adjustments
Saldo akhir nilai kini liabilitas Ending balance of the present value
imbalan kerja 8.842.779 2.307.052 11.149.831 of employee benefit obligation
134
Page 430
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post Employment Benefit and Other Long Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
(ii) Entitas anaknya (lanjutan) (ii) Its subsidiaries (continued)
Beban imbalan kerja Employee benefit expense
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2025
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Biaya jasa kini 1.307.867 375.618 1.683.485 Current service cost
Beban bunga 595.257 148.538 743.795 Interest cost
Biaya jasa lalu (429.307) - (429.307) Past service cost
Pengukuran kembali atas Remeasurement of
imbalan jangka other long term
panjang lainnya - (39.116) (39.116) employee benefits
Total 1.473.817 485.040 1.958.857 Total
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2024
Imbalan
Imbalan kerja jangka
pasca kerja/ panjang lainnya/
Post- Other long-term
employment employee
benefits benefits Total
Biaya jasa kini 1.235.557 381.036 1.616.593 Current service cost
Beban bunga 502.807 140.920 643.727 Interest cost
Pengukuran kembali atas Remeasurement of
imbalan jangka other long term
panjang lainnya - (244.061) (244.061) employee benefits
Total 1.738.364 277.895 2.016.259 Total
Beban imbalan kerja dicatat sebagai beban Employee benefits expense is recorded as
tenaga kerja (Catatan 31). personnel expenses (Note 31).
Kategori utama dari aset program Perusahaan The major categories of plan assets of the
sebagai persentase dari nilai wajar total aset Company’s as a percentage of the fair value of
program adalah sebagai berikut (tidak diaudit): the total plan asset as follows (unaudited):
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Alokasi/ Pengembalian/ Alokasi/ Pengembalian/
Allocation Return Allocation Return
Dana saham 70% 17,39% 70% -1,66% Stock funding
Dana pendapatan tetap 20% 10,91% 20% 3,24% Fixed income funding
Dana pasar uang 10% 5,13% 10% 5,34% Money market funding
Total 100% 100% Total
135
Page 431
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
(ii) Entitas anaknya (lanjutan) (ii) Its subsidiaries (continued)
Beban imbalan kerja (lanjutan) Employee benefit expense (continued)
Aset program digunakan sebagai pengurang Plan assets are used as a deduction in the
dalam perhitungan imbalan kerja perusahaan calculation of employee benefit liabilities for
untuk karyawan yang mendapatkan imbalan employees who are received benefit because of
atas pemutusan hubungan kerja berupa termination which caused by normal pension
pensiun normal dan pensiun dini. Nilai aset and early retirement. Plan assets which treated
program yang telah diperhitungan sebagai as deduction in employee benefit liabilities is
pengurang dalam imbalan kerja ini adalah amounting to Rp3,637,499 and Rp2,747,084 as
sebesar Rp3.637.499 dan Rp2.747.084 untuk of December 31, 2025 and 2024, respectively
tanggal 31 Desember 2025 dan 2024 (tidak (unaudited).
diaudit).
Analisa tingkat sensitivitas untuk risiko tingkat Sensitivity analysis on changes in discount
diskonto: rates:
Tabel berikut menunjukan analisa sensitivitas atas The tables below shows the sensitivity analysis of
nilai kini liabilitas imbalan kerja konsolidasian the present value of consolidated employee benefit
dengan asumsi perubahan atas tingkat diskonto liabilities in the assumed changes in the discount
(tidak diaudit): rate (unaudited):
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Tidak diaudit/Unaudited Tidak diaudit/Unaudited
Pengaruh Pengaruh
Terhadap terhadap
nilai kini/ nilai kini/
Impact to Impact to
Perubahan present value Perubahan present value
persentase/ of employee persentase/ of employee
Percentage benefit Percentage benefit
change obligation change obligation
-1% 5.139.435 -1% 4.600.474
+1% (4.525.517) +1% (4.051.099)
Tabel berikut menunjukan analisa sensitivitas atas The tables below shows the sensitivity analysis of
nilai kini liabilitas imbalan kerja konsolidasian the present value of consolidated employee benefit
dengan asumsi perubahan atas tingkat kenaikan liabilities in the assumed changes in salary
gaji (tidak diaudit): incremental rate (unaudited):
31 Desember/ 31 Desember/
December 31, 2025 December 31, 2024
Tidak diaudit/Unaudited Tidak diaudit/Unaudited
Pengaruh Pengaruh
Terhadap terhadap
nilai kini/ nilai kini/
Impact to Impact to
Perubahan present value Perubahan present value
persentase/ of employee persentase/ of employee
Percentage benefit Percentage benefit
change obligation change obligation
-1% (4.298.313) -1% (3.868.767)
+1% 4.768.647 +1% 4.294.111
136
Page 432
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LIABILITAS IMBALAN KERJA (lanjutan) 24. EMPLOYEE BENEFITS LIABILITIES (continued)
Imbalan Pasca Kerja dan Imbalan Jangka Post-Employment Benefit and Other Long-Term
Panjang Lainnya (lanjutan) Employee Benefit (continued)
Analisa tingkat sensitivitas untuk risiko tingkat Sensitivity analysis on changes in discount
diskonto (lanjutan): rates (continued):
Analisis jatuh tempo yang diharapkan dari manfaat Expected maturity analysis of undiscounted pension
pensiun dan imbalan kerja jangka panjang lainnya and and other long-term employee benefit is as
yang tidak terdiskonto adalah sebagai berikut (tidak follows (unaudited):
diaudit):
31 Desember 2025/December 31, 2025
Selama Selama Selama Selama Diatas
12 bulan 1-2 2-5 5 - 10 10
kedepan/ tahun/ tahun/ tahun/ tahun/
Within next Within Within Within Beyond
12 months 1 - 2 years 2 - 5 years 5 - 10 years 10 years
Perusahaan 1.582.982 3.090.432 16.243.625 24.705.848 314.798.733 The Company
Entitas anaknya 348.108 1.213.394 4.148.935 10.686.109 94.883.699 Subsidiary
Total 1.931.090 4.303.826 20.392.560 35.391.957 409.682.432 Total
31 Desember 2024/December 31, 2024
Selama Selama Selama Selama Diatas
12 bulan 1-2 2-5 5 - 10 10
kedepan/ tahun/ tahun/ tahun/ tahun/
Within next Within Within Within Beyond
12 months 1 - 2 years 2 - 5 years 5 - 10 years 10 years
Perusahaan 1.608.394 1.845.818 11.890.661 33.351.181 261.875.041 The Company
Entitas anaknya 619.136 331.140 2.938.485 8.173.897 101.981.579 Subsidiary
Total 2.227.530 2.176.958 14.829.146 41.525.078 363.856.620 Total
25. MODAL SAHAM 25. SHARE CAPITAL
31 Desember 2025/December 31, 2025
Nilai modal
ditempatkan
Persentase dan disetor/
Nilai saham/ kepemilikan/ Subscribed
Number of Percentage of and paid-up
Nama pemegang saham shares ownership capital stock Name of stockholders
Garibaldi Thohir 2.465.846.700 34,69% 123.292.335 Garibaldi Thohir
Philmon Samuel Tanuri Philmon Samuel Tanuri
(Direktur Utama) 559.044.000 7,86% 27.952.200 (President Director)
PT Union Sampoerna 413.000.000 5,81% 20.650.000 PT Union Sampoerna
David Agus (Direktur) 17.800.000 0,25% 890.000 David Agus (Director)
Masyarakat (masing-masing Public (each
di bawah 5% dari total) 3.653.609.300 51,39% 182.680.465 below 5% of total)
Total 7.109.300.000 100,00% 355.465.000 Total
137
Page 433
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. MODAL SAHAM (lanjutan) 25. SHARE CAPITAL (continued)
31 Desember 2024/December 31, 2024
Nilai modal
ditempatkan
Persentase dan disetor/
Nilai saham/ kepemilikan/ Subscribed
Number of Percentage of and paid-up
Nama pemegang saham shares ownership capital stock Name of stockholders
Garibaldi Thohir 2.462.700.000 34,64% 123.135.000 Garibaldi Thohir
Philmon Samuel Tanuri Philmon Samuel Tanuri
(Direktur Utama) 559.044.000 7,86% 27.952.200 (President Director)
PT Union Sampoerna 553.000.000 7,78% 27.650.000 PT Union Sampoerna
David Agus (Direktur) 17.800.000 0,25% 890.000 David Agus (Director)
Masyarakat (masing-masing Public (each
di bawah 5% dari total) 3.516.756.000 49,47% 175.837.800 below 5% of total)
Total 7.109.300.000 100,00% 355.465.000 Total
Berdasarkan akta No. 51 tanggal 20 Mei 2013, Based on notarial deed No. 51 dated May 20, 2013
Notaris Fathiah Helmi, S.H., modal ditempatkan dan of Notary Fathiah Helmi, S.H., the issued and fully
disetor penuh Perusahaan meningkat menjadi paid capital of the Company increased to
7.109.300.000 saham. Peningkatan tersebut 7,109,300,000 shares. The increase came from the
berasal dari Penawaran Umum Terbatas I (PUT I) Limited Right Issue I (PUT I) of 3,454,300,000
sebanyak 3.454.300.000 lembar saham. shares.
Pada tanggal 2 Maret 2022, Garibaldi Thohir telah On March 2, 2022, Garibaldi Thohir has completed
menyelesaikan pembelian atas 2.462.700.000 the purchase of 2,462,700,000 shares (full amount)
saham (nilai penuh) milik Advance Wealth Finance owned by Advance Wealth Finance Ltd which is
Ltd yang setara dengan 34,64% dari total saham equivalent to 34.64% of the total shares that have
yang telah dikeluarkan oleh Perusahaan, dengan been issued by the Company, with a purchase price
harga pembelian sebesar Rp191 per saham (nilai of Rp191 per share (full amount) or a total of
penuh) atau seluruhnya sebesar Rp470.375.700. Rp470,375,700. Therefore, as of March 2, 2022,
Dengan demikian, sejak tanggal 2 Maret 2022, Garibaldi Thohir (“New Controller”) has directly
Garibaldi Thohir (“Pengendali Baru”) secara become the new Controlling Shareholder of the
langsung telah menjadi Pemegang Saham Company.
Pengendali baru Perusahaan.
26. TAMBAHAN MODAL DISETOR 26. ADDITIONAL PAID-IN CAPITAL
Akun ini merupakan tambahan modal disetor yang This account represents additional paid-in capital
berasal dari: from:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Penawaran umum terbatas I ("PUT I") Limited Public Offering I ("PUT I")
3.454.300.000 saham dengan of 3,454,300,000 shares with
harga Rp80 untuk nilai a price of Rp80 per share
nominal Rp50 per saham 103.629.000 103.629.000 and par value of Rp50 per share
Penawaran umum perdana Initial public offering of 50,000,000
50.000.000 saham dengan shares with a price of Rp2,000
harga Rp2.000 untuk nilai per share and par value of
nominal Rp500 per saham 75.000.000 75.000.000 Rp500 per share
Opsi saham kadaluarsa dan tidak Unexercised and expired
dilaksanakan 8.998.973 8.998.973 stock option
Pembagian saham bonus (Rasio 10 : 7) (70.000.000) (70.000.000) Distribution of bonus shares (ratio 10 : 7)
Biaya emisi saham (5.602.319) (5.602.319) Share issuance costs
Penjualan saham diperoleh kembali Sale of treasury shares
200.700.000 saham dengan of 200,700,000 shares with
harga Rp67 untuk nilai a price of Rp67 per share
nominal Rp80 per saham (2.609.100) (2.609.100) and nominal value of Rp80 per share
138
Page 434
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. TAMBAHAN MODAL DISETOR (lanjutan) 26. ADDITIONAL PAID-IN CAPITAL (continued)
Akun ini merupakan tambahan modal disetor yang This account represents additional paid-in capital
berasal dari: (lanjutan) from: (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Pembelian saham diperoleh kembali Buy back of treasury stock
264.000.000 saham dengan of 264,000,000 shares with
harga rata-rata Rp70.69 per saham 2.457.898 2.457.898 average price of Rp70.69 per share
Pelaksanaan opsi saham 11.954.382 11.954.382 Excercised of stock option
Total 123.828.834 123.828.834 Total
27. SALDO LABA DITENTUKAN PENGGUNAANYA 27. APPROPRIATED RETAINED EARNINGS
Berdasarkan Undang-undang Perseroan Terbatas Based on Limited Liability Company Law No. 40
No. 40 Tahun 2007, Perusahaan wajib menyisihkan Year 2007, the Company shall appropriate certain
nilai tertentu dari laba setiap tahun buku untuk amount of its profit in each year for general
cadangan apabila saldo laba positif sampai reserve if there are available retained earnings,
cadangan tersebut mencapai paling sedikit 20% dari until the general reserve reached at least 20% of
nilai modal yang ditempatkan dan disetor. issued and paid-up capital.
Perusahaan dan entitas anaknya telah mempunyai The Company and its subsidiaries have made
cadangan umum sebesar Rp10.575.000 atau 2,97% general reserve amounting to Rp10,575,000 or
dari nilai modal ditempatkan dan disetor. Cadangan 2.97% of its issued and paid-up capital. Such
tersebut ditetapkan dalam Rapat Umum Pemegang general reserve was approved in the Annual
Saham Tahunan Perusahaan tanggal 28 Juni 2023, Stockholders’ Meeting dated June 28, 2023,
27 Juli 2022, 8 Juli 2021, 26 Agustus 2020, 25 Juni July, 27, 2022, July 8, 2021, August 26, 2020,
2019, 6 September 2018, 8 September 2017, June 25, 2019, September 6, 2018, September 8,
20 September 2016, 27 Mei 2015, 27 September 2017, September 20, 2016, May 27, 2015,
2012, 23 September 2011, 18 September 2010, September 27, 2012, September 23, 2011,
25 September 2009, 24 September 2008, dan September 18, 2010, September 25, 2009,
28 September 2007; serta dalam Keputusan Sirkular September 24, 2008, and September 28, 2007; and
Pemegang Saham entitas anak tanggal 21 Juni in Subsidiary’s Shareholders Circulation Decision
2023, 1 Agustus 2022, 26 Juli 2021, 27 Agustus dated June 21, 2023, August 1, 2022, July 26, 2021,
2020, 10 Mei 2019, 8 September 2018, dan August 27, 2020, May 10, 2019, September 8, 2018,
13 September 2017. and September 13, 2017.
Berdasarkan Berita Acara Rapat Umum Pemegang Based on the Extraordinary Shareholders’ General
Saham yang diaktakan oleh Notaris Diharini, S.H., Meeting as notarized by Notary Diharini, S.H.,
M.Kn., No. 35 tanggal 26 Juni 2025, Perusahaan M.Kn., under Notarial Deeds No. 35 dated June 26,
telah memperoleh persetujuan untuk menggunakan 2025, the Company already obtained approval to
saldo laba sebagai penambah cadangan umum use the retained earnings as an addition of general
sebesar Rp1.000.000. reserve amounting to Rp1,000,000.
Berdasarkan Berita Acara Rapat Umum Pemegang Based on the Extraordinary Shareholders’ General
Saham yang diaktakan oleh Notaris Jose Dima Meeting as notarized by Notary Jose Dima Satria,
Satria, SH., No. 218 tanggal 28 Juni 2024, SH., under Notarial Deeds No. 218 dated June 28,
Perusahaan telah memperoleh persetujuan untuk 2024, the Company already obtained approval to
menggunakan saldo laba sebagai penambah use the retained earnings as an addition of general
cadangan umum sebesar Rp1.000.000. reserve amounting to Rp1,000,000.
139
Page 435
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. SALDO LABA DITENTUKAN PENGGUNAANYA 27. APPROPRIATED RETAINED EARNINGS
(lanjutan) (continued)
Berdasarkan Keputusan Sirkular Pemegang Saham Based on Shareholders Circulation Decision dated
tanggal 9 April 2025 dan 24 April 2024, Entitas anak April 9, 2025 and April 24, 2024, the subsidiary
telah memperoleh persetujuan untuk menggunakan already obtained approval to use part of their
sebagian saldo laba sebagai cadangan umum retained earnings as general reserve amounting to
masing-masing sebesar Rp50.000. Rp100,000, respectively.
Manajemen bermaksud untuk meningkatkan Management intends to increase the general
cadangan tersebut secara bertahap di masa datang. reserve gradually in the future periods.
28. KEPENTINGAN NON-PENGENDALI 28. NON-CONTROLLING INTERESTS
Akun ini merupakan bagian kepentingan non- This account represents the share of non-controlling
pengendali atas aset neto entitas anak yang interest in the net assets of PT Trimegah Asset
dikonsolidasi yaitu PT Trimegah Asset Management Management and PT Trimegah Sekuritas,
dan PT Trimegah Sekuritas. consolidated subsidiaries.
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Saldo awal 223.660 209.585 Beginning balance
Laba tahun berjalan 82.425 54.500 Profit for the year
Setoran modal kepentingan Paid-in capital of non-controlling
non-pengendali entitas anak - (1.000) interest of subsidiary
Pembagian dividen kepada Distribution of dividends
kepentingan non-pengendali (40.000) (40.000) to non-controlling interests
Pengukuran kembali liabilitas Remeasurement of employee
imbalan kerja, setelah pajak tangguhan (294) 575 benefits liabilities, net of deferred tax
Total 265.791 223.660 Total
29. PENDAPATAN DARI KONTRAK DENGAN 29. INCOME FROM CONTRACT WITH CUSTOMERS
PELANGGAN
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Jasa kegiatan manajer investasi Investment manager activities fees:
Pihak berelasi (Catatan 36) 428.485.316 266.710.014 Related parties (Note 36)
Pihak ketiga 16.829.281 16.297.870 Third parties
Komisi perantara perdagangan efek: Brokerage commissions:
Pihak berelasi (Catatan 36) 24.460.107 28.335.978 Related parties (Note 36)
Pihak ketiga 198.975.008 148.130.459 Third parties
Jasa penjamin emisi & penjualan efek Underwriting & selling fees:
Pihak ketiga 139.273.417 63.277.420 Third parties
Jasa penasihat keuangan - Pihak ketiga 56.082.494 29.090.661 Financial advisory fees - Third parties
Lain-lain - Pihak ketiga 5.470.689 4.903.746 Others - Third parties
Total 869.576.312 556.746.148 Total
140
Page 436
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. PENDAPATAN DARI HASIL INVESTASI 30. INCOME FROM INVESTMENT
Akun ini merupakan pendapatan bunga dan This account represents interest income and net
keuntungan bersih dari transaksi perdagangan efek gain on sale of securities and changes in fair value
dan perubahan nilai wajar efek untuk of securities held for trading.
diperdagangkan.
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pendapatan bunga Interest income
Piutang transaksi repo 446.099.983 223.086.514 Receivables from repo transactions
Piutang nasabah - neto 69.896.298 63.875.894 Customer receivables - net
Efek obligasi 22.702.537 37.272.423 Marketable securities - bond
Pendapatan dividen 10.771.493 3.811.758 Income from dividends
Keuntungan direalisasi atas penjualan Realized gain on marketable
efek untuk diperdagangkan - neto 137.141.405 21.423.247 securities held for trading - net
Perubahan nilai wajar efek Changes in unrealized
diperdagangkan yang belum fair value of securities
direalisasi - neto (Catatan 5) 123.758.636 934.571 held-for-trading - net (Note 5)
Total 810.370.352 350.404.407 Total
31. GAJI DAN TUNJANGAN KARYAWAN 31. EMPLOYEE SALARIES AND BENEFITS
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Gaji dan tunjangan 131.515.411 119.836.312 Salaries and allowances
Bonus dan tunjangan lain-lain 111.681.861 68.448.851 Bonus and other allowances
Komisi 41.453.930 28.448.994 Commissions
Imbalan kerja selain Employee benefits other than
iuran pasti (Catatan 24) 8.402.805 8.722.296 defined contribution plan (Note 24)
Pensiun iuran pasti (Catatan 24) 2.572.750 2.444.733 Defined contribution plan (Note 24)
Total 295.626.757 227.901.186 Total
32. UMUM DAN ADMINISTRASI 32. GENERAL AND ADMINISTRATIVE
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Iuran Otoritas Jasa Keuangan (OJK) 25.969.987 22.351.244 Financial Service Authority (OJK) levy
Pemeliharaan perangkat lunak dan Software and
jaringan 14.726.279 10.279.924 network maintenance
Jasa profesional 12.902.689 4.041.104 Professional fees
Telekomunikasi 12.065.700 11.595.779 Telecommunications
Kustodian dan transaksi 10.255.440 9.496.318 Custodian and transactions
Jamuan dan sumbangan 9.899.761 7.282.319 Representation and donations
Asuransi 7.487.968 6.438.206 Insurance premium
Sewa kantor 4.613.432 4.545.881 Office rent
Perlengkapan kantor 4.437.902 2.506.246 Office supplies
Transportasi dan perjalanan dinas 4.428.722 5.442.403 Transportation and business trip
Pelatihan dan seminar 3.829.032 5.471.192 Trainings and seminars
141
Page 437
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. UMUM DAN ADMINISTRASI (lanjutan) 32. GENERAL AND ADMINISTRATIVE (continued)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pemeliharaan gedung dan Office building and equipment
peralatan kantor 1.940.935 1.939.390 maintenance
(Pembalikan)/pembentukan cadangan (Reversal)/provision for
kerugian penurunan nilai (18.337.668) 27.053.267 impairment losses
Lain-lain 139.549.073 2.819.796 Others
Total 233.769.252 121.263.069 Total
Termasuk dalam lain - lain di tahun 2025 adalah Include in others for 2025 is recovery expenses for
biaya yang dikeluarkan oleh Perusahaan untuk system disruption incident in 2025 amounting to
pemulihan atas gangguan sistem yang terjadi di Rp134,894,899. Management has implemented
2025 sebesar Rp134.894.899. Manajemen telah preventation to ensure system stability and to
melakukan langkah-langkah pencegahan untuk prevent similar incident in the future.
memastikan stabilitas sistem serta mencegah
kejadian serupa di masa mendatang.
33. PENDAPATAN LAINNYA 33. OTHER INCOME
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Deposito berjangka 11.009.041 5.375.689 Time deposits
Pendapatan provisi piutang Provision income for receivables
transaksi repo 8.337.817 4.702.960 from repo transactions
Jasa giro 1.355.547 1.467.569 Current accounts
Keuntungan selisih kurs - neto 297.456 559.072 Gain on foreign exchange - net
Keuntungan penjualan aset tetap 631 - Gain on sale of fixed assets
Lain-lain 83.535 120.106 Others
Total 21.084.027 12.225.396 Total
34. BIAYA KEUANGAN 34. FINANCE COST
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Beban bunga obligasi Interest expense on bonds
Pihak ketiga 60.740.696 14.149.532 Third parties
Pihak berelasi (Catatan 36) 48.227.219 34.769.624 Related parties (Note 36)
108.967.915 48.919.156
Beban bunga utang bank 63.409.757 34.119.394 Interest expense on bank loans
Administrasi bank dan lainnya 5.032.482 897.306 Bank administration and others
Beban bunga atas liabilitas sewa 2.358.826 2.618.464 Interest expense on lease liabilities
Beban bunga surat utang
jangka menengah - 2.484.691 Interest expense on medium term notes
Total 179.768.980 89.039.011 Total
142
Page 438
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. LABA PER SAHAM DASAR 35. BASIC EARNINGS PER SHARE
Berikut ini adalah data yang digunakan sebagai The computation of earnings per share is based on
dasar untuk perhitungan laba per saham dasar: following data:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Laba tahun berjalan yang dapat Profit for the year attributable
diatribusikan kepada Pemilik to owners of the
entitas Induk Perusahaan 593.457.069 259.843.692 Parent Company
Jumlah rata-rata tertimbang Weighted average number of
saham biasa - dasar 7.109.300.000 7.109.300.000 common shares - basic
Laba per saham dasar Basic earnings per share
(dalam Rupiah penuh) (in full Rupiah)
Yang diatribusikan kepada pemilik Attributable to equity holders
entitas Induk of the Parent entity
Dasar 83,48 36,55 Basic
36. TRANSAKSI DENGAN PIHAK-PIHAK YANG 36. TRANSACTIONS WITH RELATED PARTIES
BERELASI
Jenis hubungan dan unsur transaksi pihak Type of relationship and related parties
berelasi transactions
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
Personel manajemen kunci/ Dewan Komisaris, Komite Audit, Direksi, Piutang nasabah/Receivable from customers
Key management personnel Manajer Investasi dan Kepala Liabilitas imbalan kerja/Employee benefits
Divisi/Boards of Commissioners, liabilities
Audit Committee, Directors, Surat utang jangka panjang/Long-term notes
Investment Managers, and Head of payable
Divisions Utang nasabah/Payable from customers
Beban tenaga kerja/Personnel expenses
Beban bunga/Interest expenses
Berbagai reksadana/ Pengendalian melalui Entitas Anak/ Piutang jasa kegiatan manajer investasi/
Various mutual funds Control through the Subsidiary Receivables from investment manager
activities fee
Surat utang jangka panjang/Long-term notes
payable
Jasa kegiatan manajer investasi/Investment
manager activities fee
Dana kelolaan discretionary/ Karyawan kunci/Key employee Piutang jasa kegiatan manajer investasi/
Discretionary fund Receivables from investment manager
activities fee
Jasa kegiatan manajer investasi/Investment
manager activities fee
143
Page 439
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. TRANSAKSI DENGAN PIHAK-PIHAK YANG 36. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
Transaksi dengan pihak berelasi Transactions with related parties
Transaksi antara Perusahaan dan entitas anaknya Transactions between the Company and its
yang merupakan pihak berelasi Perusahaan dan subsidiaries, which are the related parties of the
entitas anaknya, telah dieliminasi dalam Company and its subsidiaries were eliminated on
konsolidasian dan tidak disajikan di catatan ini. consolidation and are not disclosed in this note.
Perusahaan dan entitas anaknya dalam kegiatan In the normal course of business, the Company and
usaha normalnya, melakukan transaksi-transaksi its subsidiaries entered into certain transactions with
tertentu dengan pihak berelasi tersebut di atas the above related parties based on terms and
berdasarkan ketentuan dan kondisi yang disepakati conditions agreed by both parties.
bersama.
a. Saldo-saldo signifikan dengan pihak-pihak a. Significant balances with related parties as of
berelasi pada tanggal 31 Desember 2025 dan December 31, 2025 and 2024 are as follows:
2024 adalah sebagai berikut:
Laporan Posisi Keuangan Konsolidasian Consolidated Statement of Financial
Position
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Aset Assets
Aset keuangan pada nilai wajar Financial assets at fair value
melalui laba rugi - reksadana through profit or loss -
(Catatan 5) 128.084.161 77.161.911 mutual funds (Note 5)
Piutang kegiatan manajer Receivables from investment
investasi (Catatan 6) 64.682.255 25.194.880 manager activities (Note 6)
Piutang nasabah (Catatan 7) 68.685.110 3.622.831 Receivables from customers (Note 7)
Total 261.451.526 105.979.622 Total
Total aset konsolidasian 6.828.045.224 3.541.102.249 Total consolidated assets
Liabilitas Liabilities
Utang nasabah (Catatan 17) 9.022.253 12.728.234 Payables to customers (Note 17)
Surat utang jangka
panjang (Catatan 20) 1.111.346.505 456.834.763 Long-term notes payable (Note 20)
Liabilitas imbalan kerja 2.544.963 2.356.447 Employee benefits liabilities
Total 1.122.913.721 471.919.444 Total
Total liabilitas konsolidasian 4.753.219.383 2.061.099.776 Total consolidated liabilities
144
Page 440
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. TRANSAKSI DENGAN PIHAK-PIHAK YANG 36. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
Transaksi dengan pihak berelasi (lanjutan) Transactions with related parties (continued)
Persentase transaksi dengan pihak-pihak Percentage of transactions with related parties
berelasi terhadap total aset dan liabilitas to total assets and liabilities of the Company
Perusahaan dan entitas anaknya pada tanggal and its subsidiaries as of December 31, 2025
31 Desember 2025 dan 2024 adalah sebagai and 2024 are as follows:
berikut:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Aset Assets
Aset keuangan pada nilai wajar melalui Financial assets at fair value through
laba rugi - reksadana (Catatan 5) 1,88% 2,18% profit or loss - mutual funds (Note 5)
Piutang kegiatan manajer Receivables from investment
investasi (Catatan 6) 0,95% 0,71% manager activities (Note 6)
Piutang nasabah (Catatan 7) 0,77% 0,10% Receivables from customers (Note 7)
Total 3,60% 2,99% Total
Liabilitas Liabilities
Utang nasabah (Catatan 17) 0,19% 0,62% Payables to customers (Note 17)
Surat utang Long-term
jangka panjang (Catatan 20) 23,38% 22,16% notes payable (Note 20)
Liabilitas imbalan kerja 0,05% 0,11% Employee benefits liabilities
Total 23,62% 22,89% Total
b. Transaksi-transaksi signifikan dengan pihak- b. Significant transactions with related parties
pihak berelasi meliputi pemberian jasa kegiatan consist of providing investment manager
manajer investasi, pemberian jasa perantara activities, providing brokerage services and
perdagangan efek dan perdagangan reksa trading of mutual funds and bonds.
dana dan efek utang.
Imbalan jasa dari kegiatan manajer investasi Fees from investment manager’s services are
didasarkan pada kontrak investasi kolektif based on collective investment contract as
sebagaimana diungkapkan pada Catatan 6 atas described in Note 6 to the consolidated financial
laporan keuangan konsolidasian. statements.
Transaksi komisi perantara perdagangan efek Transactions of brokerage commissions with
dengan pihak berelasi dilakukan dengan tarif related parties are made at the mutually agreed
yang disepakati bersama dan syarat yang sama rate and similar terms as those done with third
sebagaimana dilakukan dengan pihak ketiga. parties.
145
Page 441
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. TRANSAKSI DENGAN PIHAK-PIHAK YANG 36. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
Transaksi dengan pihak berelasi (lanjutan) Transactions with related parties (continued)
Ringkasan transaksi-transaksi signifikan The summary of significant transactions with
dengan pihak-pihak berelasi adalah sebagai related parties is as follows:
berikut:
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian and Other Comprehensive Income
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Jasa kegiatan manajer investasi Fees from Investment manager services
(Catatan 29) (Note 29)
TRAM Fixed Income Plan 95.262.884 61.913.982 TRAM Fixed Income Plan
TRAM Dana Tetap Syariah 61.834.195 4.326.049 TRAM Dana Tetap Syariah
TRIM Dana Tetap 2 54.887.811 20.619.555 TRIM Dana Tetap 2
TRIM Kas 2 43.415.486 26.410.567 TRIM Kas 2
TRIM Kapital Plus 28.169.856 16.842.260 TRIM Kapital Plus
TRIM Saham Nusantara 19.331.655 19.970.584 TRIM Saham Nusantara
TRAM Balanced Absolute Strategy 14.205.298 9.615.669 TRAM Balanced Absolute Strategy
TRIM Kapital 12.271.654 18.439.513 TRIM Kapital
TRIM Kas Syariah 8.072.365 5.737.402 TRIM Kas Syariah
TRAM Terproteksi Lestari 31 6.448.750 - TRAM Terproteksi Lestari 31
TRAM Terproteksi Prima Syariah 2 4.849.167 - TRAM Terproteksi Prima Syariah 2
TRAM Terproteksi Lestari 25 4.653.541 5.977.137 TRAM Terproteksi Lestari 25
TRAM Balanced Absolute TRAM Balanced Absolute
Strategy Nusantara 4.076.455 3.906.098 Strategy Nusantara
TRAM Terproteksi Lestari 29 3.943.436 3.940.585 TRAM Terproteksi Lestari 29
TRAM Consumption Plus 3.930.030 5.987.744 TRAM Consumption Plus
TRAM Terproteksi Lestari 30 3.439.662 1.671.430 TRAM Terproteksi Lestari 30
TRAM Terproteksi Lestari 23 3.407.975 3.676.724 TRAM Terproteksi Lestari 23
TRIM Terproteksi Prima 38 3.177.717 3.177.360 TRIM Terproteksi Prima 38
TRIM Bhakti Bangsa 2.715.718 3.747.908 TRIM Bhakti Bangsa
TRAM Terproteksi Optima 2 2.679.771 365.601 TRAM Terproteksi Optima 2
TRAM Dana Tetap Prima 2.649.367 2.747.316 TRAM Dana Tetap Prima
TRAM Fixed Income Plan Syariah 2.392.216 480.670 TRAM Fixed Income Plan Syariah
TRAM Alpha 2.283.719 2.330.089 TRAM Alpha
TRAM Terproteksi Optima 6 2.254.990 - TRAM Terproteksi Optima 6
TRAM Balanced Absolute TRAM Balanced Absolute
Strategy Low Volatility 1.411.663 3.109.995 Strategy Low Volatility
TRAM Terproteksi Prima 33 1.379.337 4.849.205 TRAM Terproteksi Prima 33
Lain-lain (masing-masing Others (each below
di bawah Rp2 miliar) 35.340.598 36.866.571 Rp2 billion)
428.485.316 266.710.014
146
Page 442
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. TRANSAKSI DENGAN PIHAK-PIHAK YANG 36. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
Transaksi dengan pihak berelasi (lanjutan) Transactions with related parties (continued)
Ringkasan transaksi-transaksi signifikan The summary of significant transactions with
dengan pihak-pihak berelasi adalah sebagai related parties is as follows: (continued)
berikut: (lanjutan)
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian (lanjutan) and Other Comprehensive Income
(continued)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Komisi perantara
perdagangan efek (Catatan 29) Brokerage commissions (Note 29)
TRIM Balanced Absolute Strategy 3.980.231 615.244 TRIM Balanced Absolute Strategy
TRIM Balanced Absolute Strategy TRIM Balanced Absolute Strategy
Nusantara 2.345.018 461.579 Nusantara
TRIM Bhakti Bangsa 1.361.179 640.367 TRIM Bhakti Bangsa
TRIM Saham Nusantara 1.104.917 393.100 TRIM Saham Nusantara
TRIM Kapital Plus 794.861 2.090.298 TRIM Kapital Plus
TRIM Syariah Saham 545.051 176.813 TRIM Syariah Saham
Dana Megah Kapital 408.538 3.206.475 Dana Megah Kapital
TRAM Balanced Absolute Strategy TRAM Balanced Absolute Strategy
Low Volatility 215.406 76.362 Low Volatility
TRIM Syariah Berimbang 208.313 30.922 TRIM Syariah Berimbang
TRIM Kombinasi 2 194.408 43.226 TRIM Syariah Berimbang
TRAM Consumption Plus 104.363 60.006 TRAM Consumption Plus
Lain-lain (masing-masing Others (each below
di bawah Rp100 juta) 13.197.822 117.892 Rp100 million)
24.460.107 7.912.284
Total 452.945.423 274.622.298 Total
Persentase dari jumlah pendapatan 26,96% 30,27% Percentage to total revenues
Biaya keuangan (Catatan 34) Finance cost (Note 34)
Beban bunga obligasi 48.227.219 34.769.624 Interest expense on bonds
Total 48.227.219 34.769.624 Total
Persentase dari jumlah
biaya keuangan 26,83% 39,05% Percentage to total finance cost
147
Page 443
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. TRANSAKSI DENGAN PIHAK-PIHAK YANG 36. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
c. Perusahaan dan entitas anaknya menyediakan c. The Company and its subsidiaries provide
imbalan kerja kepada manajemen kunci pada employee benefits to members of key
tanggal-tanggal 31 Desember 2025 dan 2024 management as of December 31, 2025 and
adalah sebagai berikut: 2024 as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Direksi, Manajer Investasi dan Directors, Investment Managers and
Kepala Divisi Head of Divisions
Imbalan kerja jangka pendek 68.696.735 61.013.183 Short-term employee benefits
Imbalan kerja pasca-kerja 12.758.181 12.052.497 Post-employment benefits
Imbalan kerja jangka panjang lainnya 1.796.949 1.931.186 Other long-term employee benefits
Sub-total 83.251.865 74.996.866 Sub-total
Board of Commissioners and
Komisaris dan komite audit audit committee
Imbalan kerja jangka pendek 2.785.063 2.737.638 Short-term employee benefits
Total 86.036.928 77.734.504 Total
37. INFORMASI SEGMEN 37. SEGMENT INFORMATION
Segmen dilaporkan atas produk dan jasa yang Product and services from which reportable
menghasilkan pendapatan segments derive their revenues
Informasi yang dilaporkan kepada direksi untuk Information reported to directors for the purpose of
tujuan alokasi sumber daya dan penilaian kinerja resources allocation and assessment of segment
segmen difokuskan pada jenis produk dan jasa yang performance focuses on type of products and
diberikan atau disediakan. Segmen yang dilaporkan services delivered or provided. The Company’s
Perusahaan merupakan kegiatan sebagai berikut: reportable segments are engaged in the following:
a. Perantara perdagangan efek dan penjaminan a. Brokerage and underwriting
emisi efek
b. Kegiatan manajer investasi b. Investment manager activities
148
Page 444
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. INFORMASI SEGMEN (lanjutan) 37. SEGMENT INFORMATION (continued)
Segmen operasi Operating segment
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2025
Entitas Induk/ Entitas anak/ Eliminasi/
Parent Entity Its subsidiaries Elimination Total
Consolidated
Laporan laba rugi komprehensif statement of
konsolidasian comprehensive income
Pendapatan dari kontrak dengan Income from contract
pelanggan: with customer:
Jasa kegiatan manajer investasi 25.880.552 430.879.745 (11.445.700) 445.314.597 Investment manager fees
Komisi perantara perdagangan efek 223.435.115 - - 223.435.115 Brokerage commissions
Jasa penjaminan emisi efek 139.273.417 - - 139.273.417 Underwriting fees
Jasa penasehat keuangan 56.082.494 - - 56.082.494 Financial advisory fees
Lain-lain 5.470.689 - - 5.470.689 Others
450.142.267 430.879.745 (11.445.700) 869.576.312
Pendapatan dari hasil investasi: Income from investment:
Pendapatan dividen dan bunga Dividends and interest
- neto 585.006.940 4.423.372 (39.960.001) 549.470.311 income - net
Keuntungan dari Gains from
efek - neto 248.444.877 12.455.164 - 260.900.041 marketable securities - net
833.451.817 16.878.536 (39.960.001) 810.370.352
Jumlah pendapatan usaha 1.283.594.084 447.758.281 (51.405.701) 1.679.946.664 Total revenues
Beban usaha (487.588.925) (348.276.293) 14.853.479 (821.011.739) Operating expenses
Laba usaha 796.005.159 99.481.988 (36.552.222) 858.934.925 Profit from operation
Penghasilan (beban) lain-lain - neto (166.263.697) 4.297.973 (3.407.775) (165.373.499) Other income (expenses) - net
Laba sebelum pajak 629.741.462 103.779.961 (39.959.997) 693.561.426 Profit before tax
Beban pajak - neto (78.666.979) (21.354.953) - (100.021.932) Tax expense - net
Laba tahun berjalan 551.074.483 82.425.008 (39.959.997) 593.539.494 Profit for the year
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2025
Entitas Induk/ Entitas anak/ Eliminasi/
Parent Entity Its subsidiaries Elimination Total
Consolidated
Laporan posisi keuangan statement of
konsolidasian financial position
Portofolio efek - neto 260.763.424 166.031.456 - 426.794.880 Marketable securities - net
Receivable from customers
Piutang nasabah - neto 1.141.868.912 - - 1.141.868.912 - net
Total aset 6.480.920.959 374.345.796 (27.221.531) 6.828.045.224 Total assets
Utang nasabah 717.066.540 - - 717.066.540 Payables to customers
Total liabilitas 4.645.911.426 108.555.487 (1.247.530) 4.753.219.383 Total liabilities
149
Page 445
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. INFORMASI SEGMEN (lanjutan) 37. SEGMENT INFORMATION (continued)
Segmen operasi (lanjutan) Operating segment (continued)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2024
Entitas Induk/ Entitas anak/ Eliminasi/
Parent Entity Its subsidiaries Elimination Total
Laporan laba rugi komprehensif Consolidated statement of
konsolidasian comprehensive income
Pendapatan dari kontrak dengan Income from contract
pelanggan: with customer:
Jasa kegiatan manajer investasi 25.496.901 268.623.040 (11.112.057) 283.007.884 Investment manager fees
Komisi perantara perdagangan efek 176.466.437 - - 176.466.437 Brokerage commissions
Jasa penjaminan emisi efek 63.277.420 - - 63.277.420 Underwriting fees
Jasa penasehat keuangan 29.090.661 - - 29.090.661 Financial advisory fees
Lain-lain 4.903.746 - - 4.903.746 Others
299.235.165 268.623.040 (11.112.057) 556.746.148
Pendapatan dari hasil investasi: Income from investment:
Keuntungan dari Gains from
efek - neto 17.586.023 4.771.795 - 22.357.818 marketable securities - net
Pendapatan dividen dan bunga Dividends and interest
- neto 357.387.000 10.619.589 (39.960.000) 328.046.589 income - net
374.973.023 15.391.384 (39.960.000) 350.404.407
Jumlah pendapatan usaha 674.208.188 284.014.424 (51.072.057) 907.150.555 Total revenues
Beban usaha (301.305.431) (215.924.804) 18.706.624 (498.523.611) Operating expenses
Laba usaha 372.902.757 68.089.620 (32.365.433) 408.626.944 Profit from operation
Penghasilan (beban) lain-lain - neto (76.279.204) 940.227 (7.594.567) (82.933.544) Other income (expenses) - net
Laba sebelum pajak 296.623.553 69.029.847 (39.960.000) 325.693.400 Profit before tax
Beban pajak - neto (51.265.200) (14.530.008) - (65.795.208) Tax expense - net
Laba tahun berjalan 245.358.353 54.499.839 (39.960.000) 259.898.192 Profit for the year
31 Desember/December 31, 2024
Entitas Induk/ Entitas anak/ Eliminasi/
Parent Entity Its subsidiaries Elimination Total
Consolidated
Laporan posisi keuangan statement of
konsolidasian financial position
Portofolio efek - neto 198.166.276 155.916.721 - 354.082.997 Marketable securities - net
Receivable from customers
Piutang nasabah - neto 656.347.589 - - 656.347.589 - net
Total aset 3.288.623.960 280.405.453 (27.927.164) 3.541.102.249 Total assets
Utang nasabah 305.851.179x - - 305.851.179 Payables to customers
Total liabilitas 2.006.307.220 56.745.728 (1.953.172) 2.061.099.776 Total liabilities
s
150
Page 446
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. KOMITMEN DAN KONTINJENSI 38. COMMITMENTS AND CONTINGENCIES
a. Perusahaan mempunyai fasilitas kredit yang a. The Company had unused credit facilities and
belum digunakan dan telah digunakan dari used credit facilities from several banks as
beberapa bank seperti diungkapkan dalam disclosed in bank loans (Note 19) with the
utang bank (Catatan 19) dengan ringkasan summary as follows:
sebagai berikut:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Fasilitas modal kerja Working capital facilities
Belum digunakan 1.805.000.000 1.482.000.000 Unused
Digunakan 1.250.000.000 770.000.000 Used
Fasilitas intraday Intraday facility
(IDR) - Belum digunakan 6.250.000.000 6.250.000.000 (IDR) - Unused
(USD) - Belum digunakan 50.000 50.000 (USD) - Unused
Foreign exchange line dan Foreign exchange line and
fixed income trading fixed income trading
(USD) - Belum digunakan 1.000 1.000 (USD) - Unused
Fasilitas jasa pelayanan Treasury line
transaksi treasury line services facility
(USD) - Belum digunakan 500 500 (USD) - Unused
Bank garansi Bank guarantee
Belum digunakan 1.919.510.000 2.111.600.000 Unused
Digunakan 100.490.000 100.400.000 Used
b. Entitas anak memiliki perjanjian kerjasama b. The subsidiaries entered into agreement with
dengan berbagai bank kustodian sehubungan various custodian banks in relation to mutual
dengan Kontrak Investasi Kolektif reksadana di funds Collective Investment Contract, whereby
mana entitas anak bertindak sebagai manajer the subsidiaries acts as investment manager
investasi yang mengelola aset reksadana that manages mutual fund’s assets and earns
dengan memperoleh imbalan jasa kegiatan income from investment manager activities
manajer investasi berkisar antara 2,00% - ranging from 2.00% - 5.00% per annum of Net
5,00% per tahun dari Nilai Aset Bersih Asset Value of relevant mutual fund.
reksadana terkait.
c. Entitas anak mengadakan perjanjian distribusi c. The subsidiaries entered into distribution
dengan berbagai agen penjual untuk agreements with various selling agents to
memasarkan berbagai macam produk distribute the subsidiaries various mutual funds
reksadana milik entitas anak dengan product with ceded fees amounted to a certain
memperoleh imbalan jasa agen penjual percentage of Net Asset Value being their
sebesar persentase tertentu dari Nilai Aset contribution.
Bersih yang dikontribusi.
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
Risiko adalah potensi kerugian yang melekat dalam Risk is probability of loss that is inherent in the
setiap aktivitas Perusahaan yang dikelola melalui Company’s activities which is managed through a
suatu proses identifikasi, pengukuran dan process of ongoing identification, measurement and
pemantauan yang berkelanjutan, sesuai dengan monitoring, subject to risk limits and other controls.
batas risiko dan kendali lainnya. Proses manajemen This process of risk management is critical to
risiko ini sangat penting untuk menjamin guarantee the Company’s continuing profitability
profitabilitas Perusahaan yang berkelanjutan dan and each individual within the Company is
setiap individu di dalam Perusahaan bertanggung accountable for the risk exposures relating to his or
jawab untuk eksposur risiko yang berkaitan dengan her responsibilities.
tanggung jawabnya.
151
Page 447
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Perusahaan dihadapkan dengan risiko-risiko berikut The Company is exposed to the following risks from
dari laporan keuangannya: its financial statements:
a. risiko harga pasar a. market price risk
b. risiko suku bunga b. interest rate risk
c. risiko kredit c. credit risk
d. risiko likuiditas d. liquidity risk
Perusahaan telah mendokumentasikan kebijakan The Company has documented its financial risk
manajemen risiko keuangannya. Kebijakan yang management policies. These policies set out the
ditetapkan merupakan strategi bisnis secara Company’s overall business strategies and its risk
menyeluruh dan filosofi manajemen risiko. management philosophy. The Company’s overall
Keseluruhan strategi manajemen risiko Perusahaan risk management strategy seeks to minimize
ditujukan untuk meminimalkan pengaruh adverse effects from the unpredictability of financial
ketidakpastian yang dihadapi dalam pasar terhadap markets on the Company’s financial performance.
kinerja keuangan Perusahaan. Direksi menentukan The Board of Directors provide written policies for
kebijakan tertulis manajemen risiko keuangan overall financial risk management through input of
secara keseluruhan melalui masukan laporan reports of each risk committee in the related division.
komite-komite risiko yang dibentuk dalam divisi-
divisi terkait.
Untuk mengantisipasi risiko yang mungkin timbul dari To anticipate the risks that may arise from the
kegiatan Perusahaan, maka Perusahaan melakukan activities of the Company, the Company did some
beberapa langkah antisipasi berupa antara lain: preventive actions, such as:
Semakin memberdayakan Divisi Risk More empowering Risk Management Division in
Management dalam memantau kegiatan monitoring securities trading activities;
perdagangan efek;
Meningkatkan fungsi Compliance di Perusahaan Improve functions of Compliance Division to
untuk mengurangi risiko penghentian sementara reduce the risk of temporary suspension or
atau pencabutan ijin; revocation of license;
Meningkatkan kualitas dan kapasitas Teknologi To improve the quality and capacity of information
Informasi untuk mendukung kegiatan technology to support the activities of the
Perusahaan sebagai sebagai Perantara Company as a Broker-Dealer, both stocks and
Pedagang Efek, baik saham maupun obligasi; bond;
Meningkatkan awareness akan peraturan- Increase awareness of the rules prevailing
peraturan yang berlaku di kalangan karyawan among employees organized jointly by the
yang diselenggarakan diselenggarakan bersama Division of Human Resources, Compliance,
oleh Divisi Human Resources, Compliance, Internal Audit and Risk Management.
Internal Audit dan Risk Management.
Risiko harga pasar Market price risk
Eksposur Perusahaan dan entitas anaknya terhadap The Company and its subsidiaries’ market risks
risiko harga pasar dapat muncul dari fasiltas exposure may come from the financing facility on
pembiayaan transaksi (margin) yang diberikan oleh transactions (margin) by the Company and its
Perusahaan dan entitas anaknya kepada nasabah. subsidiaries to customers.
Risiko ini muncul jika nilai agunan nasabah mengalami The risks may be faced out if the collateral value
penurunan yang sangat signifikan dan kondisi pasar from customer suffered a significant declining and
yang tidak likuid, sehingga agunan tersebut tidak lagi the market condition become unliquid, therefore
mencukupi untuk menutup liabilitas nasabah kepada these collateral is not enough to cover the
Perusahaan. Dalam kondisi ini, Perusahaan customers’s liabilities to the Company. In such
berpotensi mengalami kerugian dari piutang tidak condition, the Company may suffer a loss from such
tertagih. doubtful account.
152
Page 448
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko harga pasar (lanjutan) Market price risk (continued)
Perusahaan dan entitas anaknya juga menghadapi The Company and its subsidiaries also face risks
risiko harga pasar terkait dengan portofolio associated with the market price of the Company
Perusahaan dan entitas anaknya yang termasuk and its subsidiaries portfolio including the category
kategori “investasi yang diukur pada nilai wajar melalui "investments that are measured at fair value through
laba rugi” (financial assets at fair value through profit profit or loss" (financial assets at fair value through
or loss/”FVTPL”). Penurunan harga pasar pada profit or loss/"FVTPL"). The decline in the market
investasi kategori FVTPL akan menyebabkan price of the investment at FVTPL category will lead
penurunan posisi keuangan dan operasional to a decrease in the Company and its subsidiaries
Perusahaan dan entitas anaknya. consolidated statement of financial position and
operating results.
Analisa sensitivitas berikut ini ditentukan berdasarkan The sensitivity analyses have been determined
eksposur risiko atas risiko harga efek yang timbul dari based on the exposure to securities price risks
investasi FVTPL pada akhir periode pelaporan. arising from FVTPL investments at the end of the
reporting period.
Pada tanggal 31 Desember 2025 dan 2024, jika As of December 31, 2025 and 2024, had the owned
harga pasar efek yang dimiliki Perusahaan marketable securities prices decrease/increase by
menurun/meningkat sebanyak 5% dengan semua 5% with all other variables held constant, therefore
variabel konstan, maka laba sebelum pajak the consolidated income before tax for the years
konsolidasian untuk tahun yang berakhir pada then ended would have been Rp22,164,208 and
tanggal-tanggal tersebut menjadi lebih rendah/tinggi Rp19,704,059 lower/higher, respectively.
masing-masing sebesar Rp22.164.208 dan
Rp19.704.059.
Risiko suku bunga Interest rate risk
Risiko suku bunga adalah risiko dimana arus kas atau Interest rate risk is the risk that the fair value or
nilai wajar di masa datang atas instrumen keuangan future cash flows of the Company’s financial
Perusahaan akan berfluktuasi akibat perubahan suku instrument will fluctuate because of changes in
bunga pasar. market interest rates.
Perusahaan dan entitas anaknya belum melakukan The Company and its Subsidiaries have not hedged
lindung nilai terhadap pinjaman yang suku bunganya against floating interest rate loans because the loan
mengambang karena jangka waktu pinjaman yang term is shorter. The Company and its subsidiaries
pendek. Perusahaan dan entitas anaknya tidak do not have significant exposure to foreign
memiliki eksposur yang signifikan terhadap mata uang currencies as the Company and its subsidiaries
asing karena Perusahaan tidak memiliki aset dan have small amounts of assets and liabilities
liabilitas dalam mata uang asing yang signifikan serta denominated in foreign currencies as well as the
transaksi efek yang dilakukan dan melalui significant and securities transactions conducted by
Perusahaan dan entitas anaknya di Bursa Efek the Company and its subsidiaries on the Indonesia
Indonesia dilakukan dalam mata uang Rupiah. Oleh Stock Exchange which is denominated in Rupiah.
karena itu, Perusahaan menyakini bahwa dampak Therefore, the Company and its subsidiaries believe
fluktuasi suku bunga dan nilai tukar tidak berpengaruh that the impact of fluctuations in interest rates and
signifikan terhadap kinerja keuangan Perusahaan. the exchange rate to their financial performance is
not significant.
Analisis sensitivitas berikut ini, ditentukan The sensitivity analyses as follows have been
berdasarkan eksposur suku bunga terhadap determined based on the exposure to interest rate
kewajiban keuangan yang menggunakan suku bunga of floating rate financial liabilities. The analysis is
mengambang. Analisa ini disajikan dengan asumsi prepared assuming the amount of the liability
saldo liabilitas keuangan pada akhir periode pelaporan outstanding at the end of the reporting period was
masih beredar sepanjang tahun. outstanding for the whole year.
153
Page 449
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko suku bunga (lanjutan) Interest rate risk (continued)
Pada tanggal 31 Desember 2025 dan 2024, jika As of December 31, 2025 and 2024, had the
suku bunga mengalami perubahan 50 basis poin interest rate had been 50 basis points higher/lower
lebih tinggi/rendah dengan semua variabel konstan, with all other variables held constant, therefore
maka laba sebelum pajak konsolidasian untuk tahun consolidated income before tax for the years then
yang berakhir pada tanggal-tanggal tersebut ended would have been Rp904,972 and Rp60,417
menjadi lebih rendah/tinggi masing-masing sebesar lower/higher, respectively.
Rp904.972 dan Rp60.417.
Risiko kredit Credit risk
Risiko kredit timbul dari risiko kegagalan Credit risk arises from the risk that counterparty will
counterparty memenuhi liabilitas kontraktual yang default on its contractual obligations resulting in
mengakibatkan kerugian keuangan kepada financial loss to the Company and its subsidiaries.
Perusahaan dan entitas anaknya. Perusahaan dan The Company and its subsidiaries have no
entitas anaknya tidak memiliki risiko konsentrasi significant concentration of credit risk. The
kredit yang signifikan. Perusahaan dan entitas Company and its subsidiaries have policies in place
anaknya memiliki kebijakan untuk meyakini bahwa to ensure that it trades with clients with clean credit
perdagangan dengan nasabah yang memiliki histori history.
kredit yang baik.
Eksposur risiko kredit Perusahaan dan entitas The Company and its subsidiaries exposure to
anaknya berkaitan dengan kegiatan broker saham credit risk relating to its stock broking activities is
terasosiasi pada posisi kontraktual nasabah yang associated with its clients’ contractual positions that
muncul pada saat perdagangan. Dengan demikian, arise on trading. As such, the Company and its
Perusahaan dan entitas anaknya memerlukan subsidiaries required its stock broking clients to post
jaminan untuk mengurangi risiko tersebut. Jenis collaterals to mitigate such risks. The types of
instrumen diterima Perusahaan dan entitas anaknya acceptable instruments that the Company and its
atas jaminan tersebut dapat berupa kas dan efek subsidiaries may accept from clients are cash and
yang tercatat di bursa. listed securities.
Untuk aset keuangan lainnya seperti kas dan setara For other financial assets, such as cash and cash
kas dan jaminan pada lembaga kliring dan equivalents and deposits to clearing and guarantee
penjaminan. Perusahaan dan entitas anaknya institution, the Company and its subsidiaries
meminimalkan risiko kredit dengan melakukan minimize the credit risk by placing funds with
penempatan pada lembaga keuangan yang reputable financial institutions (Note 4).
bereputasi (Catatan 4).
Mitigasi utama dari risiko kredit adalah pengelolaan Primary mitigation on the credit risk is to manage
kecukupan jaminan dalam bentuk efek yang the adequacy of collateral in the form of tradeable
diperdagangkan dengan memperhatikan likuiditas securities by focusing on the liquidity and volatility
dan volatilitas dari efek-efek yang ada di posisi of the securities as collateral. Early warning has
jaminan tersebut. Early warning dibuat dalam bentuk been made in the form of customer rank by
peringkat bagi nasabah dengan memperhitungkan calculating the liquidity of collateral of the customer
likuiditas posisi jaminan nasabah tersebut dan rasio and the adequacy ratio. Discipline in the
kecukupannya. Disiplin dalam pengelolaan management of collateral adequacy using the top-
kecukupan jaminan melalui mekanisme permintaan up request or force-sell is an important factor to
top-up atau force-sell merupakan faktor penting maintain the financing quality provided to the
untuk menjaga kualitas pembiayaan yang diberikan customers.
kepada nasabah.
154
Page 450
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Pengelolaan risiko kredit yang lebih spesifik juga Specific credit risk management is performed
dilakukan atas piutang yang bermasalah. Upaya on non-performing receivable. Such efforts,
yang dilakukan diantaranya adalah restrukturisasi among others, are restructuring on non-performing
piutang bermasalah, penagihan melalui proses receivable, litigation process, providing allowance
hukum, pembentukan cadangan kerugian for impairment losses, and write-off.
penurunan nilai, hingga pelaksanaan hapus buku.
Risiko kredit dari produk kelolaan entitas anak Credit risk resulting from losses experienced by
terutama disebabkan karena emiten atau pihak products managed by the subsidiaries due to issuer
lain gagal untuk memenuhi kewajiban or other party fails to fulfill their contractual
kontraktualnya. Risiko kredit diminimalisasi oleh obligations. Credit risk is minimized by the
entitas anak melalui proses evaluasi risiko atas subsidiaries through the risk evaluation process on
emiten yang surat berharganya akan dijadikan issuers which securities will become portfolio of
portofolio produk kelolaan, penerapan suatu products managed by the subsidiaries,
kebijakan investasi dengan hanya melakukan implementation of investment policy by investing
investasi pada efek utang yang layak investasi solely on debt securities that are eligible for
menurut analisa entitas anak sebagai manajer investment in accordance with subsidiaries’
investasi serta sesuai dengan peraturan dan analysis as investment manager and prevailing
ketentuan yang berlaku. Risiko kredit yang dihadapi regulation and guidelines. The credit risk associated
produk kelolaan dapat berdampak pada pendapatan with the products managed by the subsidiaries may
kegiatan manajer investasi entitas anak. impact on the income from investment manager
activities of the subsidiaries.
Eksposur maksimum risiko kredit yang terkait Maximum credit risk exposures relating to the
dengan aset keuangan yang tercantum dalam consolidated statement of financial position financial
dalam laporan posisi keuangan konsolidasian assets as of December 31, 2025 and 2024 taking
per 31 Desember 2025 dan 2024 dengan account of any collateral held or other credit
memperhitungkan jaminan atau pendukung kredit enhancement attached are as follows:
lainnya adalah sebagai berikut:
Nilai tercatat aset keuangan Perusahaan dan The carrying value of the Company and its
entitas anaknya dari selain piutang nasabah subsidiaries’ financial assets other than receivables
(piutang margin), piutang transaksi repo, dan from customers (margin receivables), receivables
piutang lain-lain merupakan eksposur maksimum from repo transactions, and other receivables best
risiko kredit. represents the maximum exposure to credit risk.
Tabel di bawah menunjukan analisa eksposur The table below shows the analysis of maximum
maksimum risiko kredit dari: exposure to credit risk of:
31 Desember/December 31, 2025
Nilai wajar jaminan dan
pendukung kredit lainnya/
Fair value collateral and
Eksposur credit enchancement held
______________________________________________________________
maksimum
risiko kredit/ (Surplus
Maximum Surat jaminan)/ Jaminan Eksposur
exposure to berharga/ (Surplus bersih/Net neto/Net
credit risk Securities Tanah/Land collateral) collateral exposure
Piutang usaha 1.145.442.072 18.950.434.746 - (17.804.992.674) 1.145.442.072 - Account receivables
Receivables from
Piutang transaksi repo 4.217.977.215 24.393.582.352 - (20.175.605.137) 4.217.977.215 - repo transactions
Piutang lain-lain 22.791.875 - 33.267.400 (10.475.525) 22.791.875 - Other receivables
Total 5.386.211.162 43.344.017.098 33.267.400 (37.991.073.336) 5.386.211.162 - Total
155
Page 451
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel di bawah menunjukan analisa eksposur The table below shows the analysis of maximum
maksimum risiko kredit dari (lanjutan): exposure to credit risk of (continued):
31 Desember/December 31, 2024
Nilai wajar jaminan dan
pendukung kredit lainnya/
Fair value collateral and
Eksposur credit enchancement held
______________________________________________________________
maksimum
risiko kredit/ (Surplus
Maximum Surat jaminan)/ Jaminan Eksposur
exposure to berharga/ (Surplus bersih/Net neto/Net
credit risk Securities Tanah/Land collateral) collateral exposure
Piutang usaha 673.818.969 20.595.308.006 - (19.921.489.037) 673.818.969 - Account receivables
Receivables from
Piutang transaksi repo 1.986.003.490 4.949.872.429 - (2.963.868.939) 1.986.003.490 - repo transactions
Piutang lain-lain 32.603.674 - 33.267.400 (663.726) 32.603.674 - Other receivables
Total 2.692.426.133 25.545.180.435 33.267.400 (22.886.021.702) 2.692.426.133 - Total
Perusahaan dan entitas anaknya memiliki The Company and its subsidiaries have
konsentrasi risiko kredit, namun hal tersebut concentration of credit risk, however it is mitigated by
dimitigasi dengan kecukupan jaminan terhadap the adequate collateral on receivables.
piutang.
Tabel berikut menyajikan konsentrasi aset The following tables present the concentration of
keuangan berdasarkan sektor industri: financial assets based on industry sector:
31 Desember/December 31, 2025
Institusi
keuangan/ Jasa/
Pemerintah/ Financial Manufaktur/ Pertanian/ Business Lain-lain/
Government*) institution Manufacturing Agriculture sevices Others Total
Aset Assets
Cash and
Kas dan setara kas**) 281.902.553 497.911.434 - - - - 779.813.987 cash equivalents**)
Portofolio efek - neto 46.058.418 380.736.462 - - - - 426.794.880 Marketable securities - net
Piutang usaha - neto - 74.895.585 - - - - 74.895.585 Account receivables - net
Piutang transaksi
perantara pedagang Receivables from
efek - neto - 424.575.993 - - - 802.515.829 1.227.091.822 brokerage activities - net
Piutang transaksi Receivables from repo
repo - neto - - - - - 4.171.361.329 4.171.361.329 transaction - net
Piutang lain-lain - neto - 9.483.371 - - - - 9.483.371 Other receivables - net
Penyertaan saham - 10.500.000 - - - - 10.500.000 Investment in shares
Aset lain-lain***) - - - - - 2.019.425 2.019.425 Other assets***)
Total 327.960.971 1.398.102.845 - - - 4.975.896.583 6.701.960.399 Total
*) Termasuk Badan Usaha Milik Negara dan Daerah *) Include State and Regional Owned Enterprise Company
**) Tidak termasuk kas kecil **) Excluding cash on hand
***) Setoran jaminan ***) Guarantee deposit
156
Page 452
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menyajikan konsentrasi aset The following tables present the concentration of
keuangan berdasarkan sektor industri (lanjutan): financial assets based on industry sector (continued):
31 Desember/December 31, 2024
Institusi
keuangan/ Jasa/
Pemerintah/ Financial Manufaktur/ Pertanian/ Business Lain-lain/
Government*) institution Manufacturing Agriculture sevices Others Total
Aset Assets
Cash and
Kas dan setara kas**) 284.852.744 111.074.349 - - - - 395.927.093 cash equivalents**)
Portofolio efek - neto 15.521.000 338.561.997 - - - - 354.082.997 Marketable securities - net
Piutang usaha - neto - 26.915.004 - - - - 26.915.004 Account receivables - net
Piutang transaksi
perantara pedagang Receivables from
efek - neto - 219.485.636 - - - 455.678.358 675.163.994 brokerage activities - net
Piutang transaksi Receivables from repo
repo - neto - - - - - 1.939.639.158 1.939.639.158 transaction - net
Piutang lain-lain - neto - 14.604.167 - - - - 14.604.167 Other receivables - net
Penyertaan saham - 10.500.000 - - - - 10.500.000 Investment in shares
Aset lain-lain***) - - - - - 1.416.681 1.416.681 Other assets***)
Total 300.373.744 721.141.153 - - - 2.396.734.197 3.418.249.094 Total
*) Termasuk Badan Usaha Milik Negara dan Daerah *) Include State and Regional Owned Enterprise Company
**) Tidak termasuk kas kecil **) Excluding cash on hand
***) Setoran jaminan ***) Guarantee deposit
Tabel berikut menggambarkan eksposur kredit The following tables show the credit exposure by
dengan memisahkan aset keuangan yang separating impaired and non-impaired financial
mengalami penurunan nilai dan tidak mengalami assets as of December 31, 2025 and 2024, before
penurunan nilai pada tanggal-tanggal 31 Desember allowance for impairment losses:
2025 dan 2024 sebelum cadangan kerugian
penurunan nilai:
31 Desember/December 31, 2025
Belum jatuh
tempo atau Telah jatuh
tidak mengalami tempo tetapi
penurunan nilai/ tidak mengalami
Neither penurunan nilai/ Mengalami
past due Past due but penurunan nilai/
nor impaired not impaired Impaired Total
Kas dan setara kas*) 779.813.987 - - 779.813.987 Cash and cash equivalents *)
Portofolio efek 426.794.880 - 10.462.000 437.256.880 Marketable securities
Piutang usaha 74.895.585 - - 74.895.585 Account receivables
Piutang transaksi Receivables from brokerage
perantara pedagang efek 1.082.177.132 135.964.725 12.523.125 1.230.664.982 activities
Receivables from
Piutang transaksi repo 4.217.977.215 - - 4.217.977.215 repo transactions
Piutang lain-lain 10.691.875 - 12.100.000 22.791.875 Other receivables
Penyertaan saham 10.500.000 - - 10.500.000 Investment in shares
Aset lain-lain **) 2.019.425 - - 2.019.425 Other assets **)
Total 6.604.870.099 135.964.725 35.085.125 6.775.919.949 Total
Cadangan penurunan nilai aset Allowance for impairment losses
keuangan (73.959.550) on financial assets
Neto 6.701.960.399 Net
*) Tidak termasuk kas kecil *) Excluding cash on hand
**) Setoran jaminan **) Guarantee deposit
157
Page 453
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menggambarkan eksposur kredit The following tables show the credit exposure by
dengan memisahkan aset keuangan yang separating impaired and non-impaired financial
mengalami penurunan nilai dan tidak mengalami assets as of December 31, 2025 and 2024, before
penurunan nilai pada tanggal 31 Desember 2025 allowance for impairment losses (continued):
dan 2024 sebelum cadangan kerugian penurunan
nilai (lanjutan):
31 Desember/December 31, 2024
Belum jatuh
tempo atau Telah jatuh
tidak mengalami tempo tetapi
penurunan nilai/ tidak mengalami
Neither penurunan nilai/ Mengalami
past due Past due but penurunan nilai/
nor impaired not impaired Impaired Total
Kas dan setara kas*) 395.927.093 - - 395.927.093 Cash and cash equivalents *)
Portofolio efek 354.082.997 - 10.462.000 364.544.997 Marketable securities
Piutang usaha 26.915.004 - - 26.915.004 Account receivables
Piutang transaksi Receivables from brokerage
perantara pedagang efek 411.448.588 217.953.685 63.233.101 692.635.374 activities
Receivables from
Piutang transaksi repo 1.535.221.748 409.718.700 41.063.042 1.986.003.490 repo transactions
Piutang lain-lain 15.503.674 - 17.100.000 32.603.674 Other receivables
Penyertaan saham 10.500.000 - - 10.500.000 Investment in shares
Aset lain-lain **) 1.416.681 - - 1.416.681 Other assets **)
Total 2.751.015.785 627.672.385 131.858.143 3.510.546.313 Total
Cadangan penurunan nilai aset Allowance for impairment losses
keuangan (92.297.218) on financial assets
Neto 3.418.249.095 Net
*) Tidak termasuk kas kecil *) Excluding cash on hand
**) Setoran jaminan **) Guarantee deposit
Gambaran umum pendekatan untuk memperkirakan An overview of the approach to estimating
kerugian kredit ekspektasian ditetapkan dalam expected credit loss is set out in Note 2, Summary
Catatan 2, Ikhtisar informasi kebijakan akuntansi of material accounting policies information.
material. Untuk data makroekonomi, Perusahaan For macroeconomic data, the Company and its
dan entitas anaknya memperoleh data yang berasal subsidiaries obtain the data used from official
dari situs resmi Bursa Efek Indonesia, termasuk website of Indonesia Stock Exchange, including
dalam menentukan bobot yang dapat diatribusikan determining the weights attributable to the multiple
ke beberapa skenario. Penentuan variabel ekonomi scenarios as at every year end. Determination of
forward-looking dalam kondisi baik dan buruk forward-looking economic variable under upside
dilakukan dengan menggunakan pendekatan and downside condition is conducted by using
persentil. Dalam kasus Indeks Harga Saham percentile approach. In the case of Indonesia
Gabungan (IHSG) sebagai variabel ekonomi Composite Index (IDX Composite) as the forward-
forward-looking, persentil ke-30 dan ke-70 looking economic variable, 30th and 70th percentile
digunakan untuk buruk (downside) dan baik are assigned for downside and upside condition
(upside). consecutively.
158
Page 454
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perkiraan variabel The following table shows the forecast of the key
ekonomi forward-looking yang digunakan dalam forward-looking economic variables used in each of
setiap skenario ekonomi untuk perhitungan kerugian the economic scenarios for the expected credit life
kredit ekspektasian untuk tahun yang berakhir pada calculations for the year ended December 31, 2025
tanggal 31 Desember 2025 dan 2024 (dalam Rupiah and 2024 (in full amount Rupiah):
penuh):
Variabel Utama/ Skenario Kemungkinan 31 Desember/December
Key Variable Kerugian Kredit terjadi yang 31, 2025
Ekspektasian/ ditetapkan/ (dalam Rupiah penuh/in
Expected Credit Assigned full amount Rupiah)
Loss Scenario Probablities
Buruk (Downside) 25% 7.883
IHSG (IDX Composite) Dasar (Base) 50% 9.888
Baik (Upside) 25% 10.864
Variabel Utama/ Skenario Kemungkinan 31 Desember/December
Key Variable Kerugian Kredit terjadi yang 31, 2024
Ekspektasian/ ditetapkan/ (dalam Rupiah penuh/in
Expected Credit Assigned full amount Rupiah)
Loss Scenario Probablities
Buruk (Downside) 30% 7.200
IHSG (IDX Composite) Dasar (Base) 40% 8.500
Baik (Upside) 30% 8.950
Risiko likuiditas Liquidity risk
Manajemen telah membentuk kerangka kerja The management has established an appropriate
manajemen risiko likuiditas untuk pengelolaan dana liquidity risk management framework for the
jangka pendek, menengah dan jangka panjang. management of the Company and its subsidiaries’
Perusahaan dan entitas anaknya dan persyaratan short, medium and long-term funding and liquidity
manajemen likuiditas. Perusahaan dan entitas management requirements. The Company and its
anaknya mengelola risiko likuiditas dengan subsidiaries manage liquidity risk by maintaining
mempertahankan cadangan yang memadai, adequate reserves, banking facilities and by
fasilitas perbankan dan dengan terus memantau continuously monitoring forecast and actual cash
rencana dan realisasi arus kas dengan cara flows, and by matching the maturity profiles of
pencocokkan profil jatuh tempo aset keuangan dan financial assets and liabilities.
liabilitas keuangan.
159
Page 455
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 39. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Liabilitas keuangan yang jatuh tempo dalam Financial liabilities which due within 12 months
12 bulan diungkapkan sebesar nilai arus kas yang disclosed as their undiscounted cash flows value.
tidak didiskontokan. Tabel berikut merupakan The following table analysis the Company and its
analisis liabilitas keuangan Perusahaan dan entitas subsidiaries’ financial liabilities based on maturity
anaknya berdasarkan jatuh tempo dari tanggal groupings from the reporting date to the contractual
pelaporan sampai dengan tanggal jatuh tempo: maturity date:
31 Desember/December 31, 2025
Tiga bulan
sampai Satu Lebih
Kurang dari dengan sampai dari
tiga bulan/ satu tahun/ dengan lima tahun/
Less than Three lima tahun/ Greater
three months One to than
months to one year five years five years Total
Utang usaha 36.406.917 - - - 36.406.917 Account payables
Utang transaksi Payables from
perantara pedagang efek 779.375.368 - - - 779.375.368 brokerage activities
Beban akrual 199.520.196 - - - 199.520.196 Accrued expenses
Utang jangka pendek 1.276.538.488 - - - 1.276.538.488 Short-term liabilities
Surat utang jangka panjang 296.270.418 679.384.114 1.720.990.004 290.965.278 2.987.609.814 Long-term notes payable
Utang lain-lain 16.974.856 - - - 16.974.856 Other payables
Total 2.605.086.243 679.384.114 1.720.990.004 290.965.278 5.296.425.639 Total
31 Desember/December 31, 2024
Tiga bulan
sampai Satu Lebih
Kurang dari dengan sampai dari
tiga bulan/ satu tahun/ dengan lima tahun/
Less than Three lima tahun/ Greater
three months One to than
months to one year five years five years Total
Utang usaha 68.122.855 - - - 68.122.855 Account payables
Utang transaksi Payables from
perantara pedagang efek 319.289.289 - - - 319.289.289 brokerage activities
Beban akrual 94.141.185 - - - 94.141.185 Accrued expenses
Utang jangka pendek 771.236.875 - - - 771.236.875 Short-term liabilities
Surat utang jangka panjang 14.350.684 417.148.390 323.547.717 - 755.046.791 Long-term notes payable
Utang lain-lain 8.976.758 - - - 8.976.758 Other payables
Total 1.276.117.646 417.148.390 323.547.717 - 2.016.813.753 Total
Perusahaan dan entitas anaknya juga mempunyai The Company and its subsidiaries also have bank
fasilitas bank dalam Rupiah dan USD (Catatan 38) facilities in Rupiah and USD (Note 38) that are
yang ditujukan untuk mengurangi risiko likuiditas intended to reduce liquidity risk and to secure the
dan menjamin liabilitas ke KPEI. liability to KPEI.
160
Page 456
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. ANALISIS JATUH TEMPO ASET DAN LIABILITAS 40. MATURITY ANALYSIS OF ASSETS AND
LIABILITIES
Tabel berikut menunjukkan analisis aset dan The table below shows an analysis of assets and
liabilitas berdasarkan kapan diharapkan akan liabilities according to when they are expected to be
dipulihkan atau diselesaikan masing-masing: recovered or settled respectively:
31 Desember/December 31, 2025
Dalam 12 bulan/ Setelah 12 bulan/
Within 12 months After 12 months Total
ASET ASSETS
Kas dan setara kas 779.927.087 - 779.927.087 Cash and cash equivalents
Portfolio efek - neto 426.794.880 - 426.794.880 Marketable securities - net
Piutang usaha - neto 74.895.585 - 74.895.585 Account receivables - net
Piutang transaksi perantara Receivables from brokerage
pedagang efek - neto 1.227.091.822 - 1.227.091.822 activities - net
Piutang transaksi repo - neto 4.171.361.329 - 4.171.361.329 Receivables from repo transaction - net
Piutang lain-lain - neto 9.483.371 - 9.483.371 Other receivables - net
Biaya dibayar dimuka 22.148.139 6.000.153 28.148.292 Prepaid expenses
Penyertaan saham - 10.500.000 10.500.000 Investment in shares
Aset tak berwujud - setelah dikurangi Intangible assets - net of
akumulasi amortisasi 1.240.798 10.155.245 11.396.043 accumulated amortization
Aset hak guna - setelah dikurangi Right-of-use assets - net of
akumulasi penyusutan 8.741.393 14.744.096 23.485.489 accumulated depreciation
Aset tetap - setelah dikurangi Fixed assets - net of
akumulasi penyusutan 736.084 13.873.522 14.609.606 accumulated depreciation
Aset pajak tangguhan - 44.387.348 44.387.348 Deferred tax assets
Aset lain-lain 3.944.947 2.019.425 5.964.372 Other assets
Total 6.726.255.435 101.679.789 6.828.045.224 Total
LIABILITAS LIABILITIES
Utang usaha 36.406.917 - 36.406.917 Account payables
Utang transaksi perantara Payables from brokerage
pedagang efek 779.375.368 - 779.375.368 activities
Utang pajak 38.907.351 - 38.907.351 Taxes payable
Beban akrual 199.520.196 - 199.520.196 Accrued expenses
Utang jangka pendek 1.250.000.000 - 1.250.000.000 Short-term liabilities
Surat utang jangka panjang 344.799.060 2.011.955.282 2.356.754.342 Long-term notes payable
Liabilitas sewa 11.728.963 14.542.915 26.271.878 Lease liabilities
Liabilitas imbalan kerja - 49.008.475 49.008.475 Employee benefits liabilities
Utang lain-lain 11.212.719 5.762.137 16.974.856 Other payables
Total 2.671.950.574 2.081.268.809 4.753.219.383 Total
31 Desember/December 31, 2024
Dalam 12 bulan/ Setelah 12 bulan/
Within 12 months After 12 months Total
ASET ASSETS
Kas dan setara kas 396.045.083 - 396.045.083 Cash and cash equivalents
Portfolio efek - neto 354.082.997 - 354.082.997 Marketable securities - net
Piutang usaha - neto 26.915.004 - 26.915.004 Account receivables - net
Piutang transaksi perantara Receivables from brokerage
pedagang efek - neto 675.163.994 - 675.163.994 activities - net
Piutang transaksi repo - neto 1.939.639.158 - 1.939.639.158 Receivables from repo transaction - net
Piutang lain-lain - neto 14.604.167 - 14.604.167 Other receivables - net
Biaya dibayar dimuka 17.404.904 16.819.905 34.224.809 Prepaid expenses
Pajak dibayar dimuka 2.178.900 - 2.178.900 Prepaid taxes
Penyertaan saham - 10.500.000 10.500.000 Investment in shares
Aset tak berwujud - setelah dikurangi Intangible assets - net of
akumulasi amortisasi 409.045 12.403.001 12.812.046 accumulated amortization
Aset hak guna - setelah dikurangi Right-of-use assets - net of
akumulasi penyusutan 14.280.910 7.224.221 21.505.131 accumulated depreciation
Aset tetap - setelah dikurangi Fixed assets - net of
akumulasi penyusutan 502.980 13.143.985 13.646.965 accumulated depreciation
Aset pajak tangguhan - 37.441.588 37.441.588 Deferred tax assets
Aset lain-lain 925.726 1.416.681 2.342.407 Other assets
Total 3.442.152.868 98.949.381 3.541.102.249 Total
161
Page 457
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. ANALISIS JATUH TEMPO ASET DAN LIABILITAS 40. MATURITY ANALYSIS OF ASSETS AND
(lanjutan) LIABILITIES (continued)
Tabel berikut menunjukkan analisis aset dan The table below shows an analysis of assets and
liabilitas berdasarkan kapan diharapkan akan liabilities according to when they are expected to be
dipulihkan atau diselesaikan masing-masing: recovered or settled respectively: (continued)
(lanjutan)
31 Desember/December 31, 2024
Dalam 12 bulan/ Setelah 12 bulan/
Within 12 months After 12 months Total
LIABILITAS LIABILITIES
Utang usaha 68.122.855 - 68.122.855 Account payables
Utang transaksi perantara Payables from brokerage
pedagang efek 319.289.289 - 319.289.289 activities
Utang pajak 37.290.839 - 37.290.839 Taxes payable
Beban akrual 94.141.185 - 94.141.185 Accrued expenses
Utang jangka pendek 770.000.000 - 770.000.000 Short-term liabilities
Surat utang jangka panjang 386.777.969 308.410.746 695.188.715 Long-term notes payable
Liabilitas sewa 6.232.760 18.022.917 24.255.677 Lease liabilities
Liabilitas imbalan kerja - 43.834.458 43.834.458 Employee benefits liabilities
Utang lain-lain 5.483.891 3.492.867 8.976.758 Other payables
Total 1.687.338.788 373.760.988 2.061.099.776 Total
41. NILAI TERCATAT DAN NILAI WAJAR ATAS 41. CARRYING VALUE AND FAIR VALUE OF
ASET KEUANGAN DAN LIABILITAS KEUANGAN FINANCIAL ASSETS AND FINANCIAL
LIABILITIES
Tabel berikut menyajikan nilai tercatat dan estimasi The following tables set out the carrying values and
nilai wajar dari instrumen keuangan: estimated fair values of the financial instruments:
31 Desember/December 31, 2025
Nilai tercatat/Carrying amount
Nilai wajar
melalui
penghasilan
Nilai wajar komprehensif
melalui laba Biaya lain/
rugi/ perolehan yang Fair value Total nilai
Fair value diamortisasi/ through other tercatat/
through profit or Amortized comprehensive Total carrying Nilai wajar/
loss costs income amount Fair value
Aset keuangan Financial assets
Kas dan setara kas - 779.927.087 - 779.927.087 779.927.087 Cash and cash equivalents
Portofolio efek - neto 426.794.880 - - 426.794.880 426.794.880 Marketable securities - net
Piutang usaha - neto - 74.895.585 - 74.895.585 74.895.585 Account receivables - net
Piutang transaksi perantara Receivables from
pedagang efek - neto - 1.227.091.822 - 1.227.091.822 1.227.091.822 brokerage activities - net
Piutang transaksi repo - Receivables from repo
neto - 4.171.361.329 - 4.171.361.329 4.171.361.329 transactions - net
Piutang lain-lain - neto - 9.483.371 - 9.483.371 9.483.371 Other receivables - net
Penyertaan saham - - 10.500.000 10.500.000 10.500.000 Investment in shares
Aset lain-lain *) - 2.019.425 - 2.019.425 2.019.425 Other assets *)
Total aset keuangan 426.794.880 6.264.778.619 10.500.000 6.702.073.499 6.702.073.499 Total financial assets
*) Setoran jaminan *) Guarantee deposit
162
Page 458
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. NILAI TERCATAT DAN NILAI WAJAR ATAS 41. CARRYING VALUE AND FAIR VALUE OF
ASET KEUANGAN DAN LIABILITAS KEUANGAN FINANCIAL ASSETS AND FINANCIAL
(lanjutan) LIABILITIES (continued)
Tabel berikut menyajikan nilai tercatat dan estimasi The following tables set out the carrying values and
nilai wajar dari instrumen keuangan: (lanjutan) estimated fair values of the financial instruments:
(continued)
31 Desember/December 31, 2025
Nilai tercatat/Carrying amount
Nilai wajar
melalui
penghasilan
Nilai wajar komprehensif
melalui laba Biaya lain/
rugi/ perolehan yang Fair value Total nilai
Fair value diamortisasi/ through other tercatat/
through profit or Amortized comprehensive Total carrying Nilai wajar/
loss costs income amount Fair value
Liabilitas keuangan Financial liabilities
Utang usaha - 36.406.917 - 36.406.917 36.406.917 Account payables
Utang transaksi perantara Payable from
pedagang efek - 779.375.368 - 779.375.368 779.375.368 brokerage activities
Beban akrual - 199.520.196 - 199.520.196 199.520.196 Accrued expenses
Utang jangka pendek - 1.250.000.000 - 1.250.000.000 1.250.000.000 Short-term liabilities
Surat utang jangka panjang - 2.356.754.342 - 2.356.754.342 2.356.754.342 Long-term notes payable
Utang lain-lain - 16.974.856 - 16.974.856 16.974.856 Other payables
Total liabilitas keuangan - 4.639.031.679 - 4.639.031.679 4.639.031.679 Total financial liabilities
31 Desember/December 31, 2024
Nilai tercatat/Carrying amount
Nilai wajar
melalui
penghasilan
Nilai wajar komprehensif
melalui laba Biaya lain/
rugi/ perolehan yang Fair value Total nilai
Fair value diamortisasi/ through other tercatat/
through profit or Amortized comprehensive Total carrying Nilai wajar/
loss costs income amount Fair value
Aset keuangan Financial assets
Kas dan setara kas - 396.045.083 - 396.045.083 396.045.083 Cash and cash equivalents
Portofolio efek - neto 354.082.997 - - 354.082.997 354.082.997 Marketable securities - net
Piutang usaha - neto - 26.915.004 - 26.915.004 26.915.004 Account receivables - net
Piutang transaksi perantara Receivables from
pedagang efek - neto - 675.163.994 - 675.163.994 675.163.994 brokerage activities - net
Piutang transaksi repo - Receivables from repo
neto - 1.939.639.158 - 1.939.639.158 1.939.639.158 transactions - net
Piutang lain-lain - neto - 14.604.167 - 14.604.167 14.604.167 Other receivables - net
Penyertaan saham - - 10.500.000 10.500.000 10.500.000 Investment in shares
Aset lain-lain *) - 1.416.681 - 1.416.681 1.416.681 Other assets *)
Total aset keuangan 354.082.997 3.053.784.087 10.500.000 3.418.367.084 3.418.367.084 Total financial assets
Liabilitas keuangan Financial liabilities
Utang usaha - 68.122.855 - 68.122.855 68.122.855 Account payables
Utang transaksi perantara Payable from
pedagang efek - 319.289.289 - 319.289.289 319.289.289 brokerage activities
Beban akrual - 94.141.185 - 94.141.185 94.141.185 Accrued expenses
Utang jangka pendek - 770.000.000 - 770.000.000 770.000.000 Short-term liabilities
Surat utang jangka panjang - 695.188.715 - 695.188.715 695.188.715 Long-term notes payable
Utang lain-lain - 8.976.758 - 8.976.758 8.976.758 Other payables
Total liabilitas keuangan - 1.955.718.802 - 1.955.718.802 1.955.718.802 Total financial liabilities
*) Setoran jaminan *) Guarantee deposit
Metode dan asumsi yang digunakan oleh The methods and assumptions used by the
Perusahaan dan entitas anaknya dalam Company and its subsidiaries in estimating the fair
mengestimasi nilai wajar dari instrumen keuangan value of the financial instruments are as follows:
adalah sebagai berikut:
163
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The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. NILAI TERCATAT DAN NILAI WAJAR ATAS 41. CARRYING VALUE AND FAIR VALUE OF
ASET KEUANGAN DAN LIABILITAS KEUANGAN FINANCIAL ASSETS AND FINANCIAL
(lanjutan) LIABILITIES (continued)
Instrumen keuangan yang disajikan di dalam Financial instruments presented in the consolidated
laporan posisi keuangan konsolidasian dicatat statement of financial position are carried at the fair
sebesar nilai wajar, atau sebaliknya, disajikan dalam value, otherwise, they are presented at carrying
nilai tercatat apabila nilai tersebut mendekati nilai values as either these are reasonable
wajarnya atau nilai wajarnya tidak dapat diukur approximation of fair values or their fair values
secara andal. Metode-metode dan asumsi-asumsi cannot be reliably measured. The following
di bawah ini digunakan untuk mengestimasi nilai methods and assumptions are used to estimate the
wajar untuk masing-masing kelas instrumen fair value of each class of financial instruments:
keuangan:
(i) Nilai wajar dari kas dan setara kas, piutang (i) Fair values of cash and cash equivalents,
usaha, piutang transaksi perantara pedagang account receivables, receivables from
efek, piutang transaksi repo, piutang lain-lain, brokerage activities, receivables from repo
aset lain-lain, utang usaha, utang transaksi transactions, other receivables, other assets,
perantara pedagang efek, utang jangka account payables, payables from brokerage
pendek, surat utang jangka panjang, beban activities, short-term liabilities, long-term notes
akrual, dan utang lain-lain mendekati nilai payable, accrued expenses, and other
tercatat karena instrumen keuangan tersebut payables approximate their carrying amounts
memiliki jangka waktu jatuh tempo yang due to short-term maturities of these financial
singkat dan memiliki tingkat bunga sesuai instruments and due to the interest rate is at
pasar. market rate.
(ii) Nilai wajar dari portofolio efek - reksadana (ii) The fair value of marketable securities -
dan dana kelolaan berdasarkan kontrak mutual funds and managed fund on bilateral
bilateral ditentukan berdasarkan nilai aset contract basis is determined on the basis of
bersih dana tersebut pada tanggal laporan net assets value of those funds at the
posisi keuangan konsolidasian. consolidated statement of financial position
date.
(iii) Nilai wajar dari portofolio efek - saham dan (iii) The fair value of marketable securities -
obligasi ditentukan berdasarkan harga pasar shares and bonds is determined on the basis
kuotasi yang berlaku pada tanggal laporan of quoted market price at the consolidated
posisi keuangan konsolidasian. statement of financial position date.
(iv) Nilai wajar dari piutang lain-lain - pinjaman (iv) The fair value of other receivables - employee
karyawan dihitung menggunakan arus kas loan is calculated using discounted cash flows
yang didiskonto berdasarkan suku bunga using market rate.
pasar.
Perusahaan dan entitas anaknya menggunakan The Company and its subsidiaries adopt the
hirarki berikut untuk menentukan dan following hierarchy for determining and disclosing
mengungkapkan nilai wajar dari instrumen the fair value of financial instruments:
keuangan:
(i) Tingkat 1: nilai wajar diperoleh dari kuotasi (i) Level 1: fair values derived from quoted prices
harga pasar aktif (unadjusted) di pasar aktif (unadjusted) in active markets for identical
untuk aset atau liabilitas keuangan yang assets or liabilities;
identik;
(ii) Tingkat 2: pengukuran nilai wajar diperoleh (ii) Level 2: fair value measurements derived
dari input selain dari kuotasi harga pasar yang from inputs other than quoted prices included
termasuk dalam Tingkat 1 yang dapat within Level 1 that are observable for the
diobservasi untuk aset dan liabilitas, baik asset or liability, either directly (i.e. as prices)
secara langsung (seperti harga) maupun or indirectly (i.e. derived from prices);
tidak langsung (diperoleh dari harga);
164
Page 460
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
41. NILAI TERCATAT DAN NILAI WAJAR ATAS 41. CARRYING VALUE AND FAIR VALUE OF
ASET KEUANGAN DAN LIABILITAS KEUANGAN FINANCIAL ASSETS AND FINANCIAL
(lanjutan) LIABILITIES (continued)
(iii) Tingkat 3: pengukuran nilai wajar diperoleh (iii) Level 3: fair value measurements derived
dari teknik valuasi yang di dalamnya terdapat from valuation techniques that include inputs
input untuk aset dan liabilitas yang tidak for the asset or liability that are not based on
didasarkan pada data yang dapat diobservasi observable market data (unobservable
di pasar (input yang tidak dapat diobservasi). inputs).
Tabel berikut menunjukan suatu analisa instrumen The following tables show an analysis of financial
keuangan yang dicatat pada nilai wajar instruments recorded at fair value by level of
berdasarkan tingkatan hierarki: hierarchy:
31 Desember/December 31, 2025
Tingkat/ Tingkat/ Tingkat/
Level 1 Level 2 Level 3 Total
Aset keuangan Financial assets
Aset yang diukur pada nilai Assets measured at fair value
wajar melalui laba rugi: through profit or loss:
Obligasi 112.900.979 - - 112.900.979 Bonds
Reksadana 153.310.612 - - 153.310.612 Mutual funds
Ekuitas 160.583.289 - - 160.583.289 Equity
426.794.880 - - 426.794.880
Aset yang diukur pada nilai Assets measured at fair value
wajar melalui penghasilan through other
komprehensif lain comprehensive income:
Penyertaan saham - - 10.500.000 10.500.000 Investment in share
Total 426.794.880 - 10.500.000 437.294.880 Total
31 Desember/December 31, 2024
Tingkat/ Tingkat/ Tingkat/
Level 1 Level 2 Level 3 Total
Aset keuangan Financial assets
Aset yang diukur pada nilai Assets measured at fair value
wajar melalui laba rugi: through profit or loss:
Obligasi 180.587.437 - - 180.587.437 Bonds
Reksadana 88.268.813 - - 88.268.813 Mutual funds
Ekuitas 85.226.747 - - 85.226.747 Equity
354.082.997 - - 354.082.997
Aset yang diukur pada nilai Assets measured at fair value
wajar melalui penghasilan through other
komprehensif lain comprehensive income:
Penyertaan saham - - 10.500.000 10.500.000 Investment in share
Total 354.082.997 - 10.500.000 364.582.997 Total
Tidak terdapat perpindahan level 1, 2 dan 3 untuk There was no transfers levels 1, 2 and 3 for the year
tahun yang berakhir pada tanggal 31 Desember ended December 31, 2025 and 2024.
2025 dan 2024.
165
Page 461
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
42. STANDAR AKUNTANSI KEUANGAN YANG 42. ACCOUNTING STANDARDS ISSUED BUT NOT
TELAH DISAHKAN NAMUN BELUM BERLAKU YET EFFECTIVE
EFEKTIF
Amandemen standar akuntansi yang telah The amendment accounting standards that have
diterbitkan sampai tanggal penerbitan laporan been issued up to the date of issuance of the
keuangan konsolidasian Grup namun belum berlaku Group’s consolidated financial statements. but not
efektif diungkapkan berikut ini. Manajemen yet effective are disclosed below. The management
bermaksud untuk menerapkan standar-standar intends to adopt these standards that are
tersebut yang dipertimbangkan relevan terhadap considered relevant to the Group when it becomes
Grup pada saat efektif, dan dampaknya terhadap effective, and the impact to the consolidated
posisi dan kinerja keuangan konsolidasian Grup financial position and performance of the Group’s
masih diestimasi pada tanggal penerbitan laporan still being estimated as of consolidated financial
keuangan konsolidasian: statements release date:
Mulai efektif pada atau setelah tanggal 1 Januari Effective beginning on or after January 1, 2026
2026
PSAK 109: Instrumen Keuangan dan PSAK 107 SFAS 109: Financial Instruments and SFAS 107
Instrumen Keuangan: Pengungkapan tentang Financial Instruments: Disclosures about
Klasifikasi dan Pengukuran Instrumen Keuangan Classification and Measurement of Financial
Instruments
Amendemen ini menambahkan dan mengklarifikasi This amendment adds and clarifies the provisions in
ketentuan dalam PSAK 109 terkait penghentian SFAS 109 regarding the derecognition of financial
pengakuan liabilitas keuangan, serta mengklarifikasi liabilities, as well as clarifying the assessment of
penilaian karakteristik arus kas untuk aset keuangan cash flow characteristics for financial assets with
dengan fitur ESG-linked, aset keuangan dengan fitur ESG-linked features, financial assets with non-
non-recourse, dan instrumen yang terikat secara recourse features, and contractually bound
kontraktual seperti tranche. Amendemen ini juga instruments such as tranches. This amendment also
mengubah ketentuan dalam PSAK 107 terkait changes the provisions in SFAS 107 related to
persyaratan pengungkapan investasi pada disclosure requirements for investments in equity
instrumen ekuitas yang diukur pada nilai wajar instruments measured at fair value through other
melalui penghasilan komprehensif lain dan comprehensive income and adds provisions related
menambah ketentuan terkait instrumen keuangan to financial instruments with contractual
dengan persyaratan kontraktual yang mengubah requirements that change the timing or amount of
waktu atau jumlah arus kas kontraktual. contractual cash flows.
Amandemen berlaku secara retrospektif untuk The amendment applies retrospectively to annual
periode pelaporan tahunan yang dimulai pada atau reporting periods beginning on or after January 1,
setelah 1 Januari 2026. Penerapan dini 2026. Earlier application is permitted. The Group is
diperkenankan. Grup saat ini sedang menilai currently assessing the impact of the amendment to
dampak dari amandemen tersebut untuk determine the impact they will have on the Group’s
menentukan dampaknya terhadap pelaporan consolidated financial reporting.
keuangan konsolidasian Grup.
166
Page 462
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
42. STANDAR AKUNTANSI KEUANGAN YANG 42. ACCOUNTING STANDARDS ISSUED BUT NOT
TELAH DISAHKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah tanggal 1 Januari Effective beginning on or after January 1, 2027
2027
PSAK 118: Penyajian dan Pengungkapan Laporan SFAS 118: Presentation and Disclosure in Financial
Keuangan Statements
PSAK 118 menggantikan PSAK 201, SFAS 118 which replaces SFAS 201, introduces
memperkenalkan persyaratan baru untuk penyajian new requirements for presentation within the
dalam laporan laba rugi, termasuk total dan subtotal statement of profit or loss, including specified totals
yang ditentukan. PSAK ini juga mengharuskan and subtotals. It also requires disclosure of
pengungkapan ukuran kinerja yang ditentukan oleh management-defined performance measures in the
manajemen dalam catatan dan mencakup notes and includes new requirements for
persyaratan baru untuk agregasi dan disaggregasi aggregation and disaggregation of financial
informasi keuangan berdasarkan 'peran' yang information based on the identified ‘roles’ of the
diidentifikasi dari laporan keuangan utama dan primary financial statements and the notes.
catatan.
Amandemen berlaku secara retrospektif untuk The amendment applies retrospectively to annual
periode pelaporan tahunan yang dimulai pada atau reporting periods beginning on or after January 1,
setelah 1 Januari 2027. Penerapan dini 2027. Earlier application is permitted. The Company
diperkenankan. Perusahaan saat ini sedang menilai is currently assessing the impact of the amendment
dampak dari amandemen tersebut untuk to determine the impact they will have on the
menentukan dampaknya terhadap pelaporan Group’s consolidated financial reporting.
keuangan konsolidasian Grup.
43. PERISTIWA SETELAH PERIODE PELAPORAN 43. EVENT AFTER THE REPORTING PERIOD
Obligasi Berkelanjutan II Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tahap IV Tahun 2026 Registration Bonds II Phase IV Year 2026
Perusahaan sedang dalam proses menerbitkan The Company is in the process of issuing
Obligasi Berkelanjutan II PT Trimegah Sekuritas PT Trimegah Sekuritas Indonesia Tbk Shelf
Indonesia Tbk Tahap IV Tahun 2026 dengan Registration Bonds II Phase IV Year 2026 with a
rencana nilai nominal Rp250.000.000.000 (nilai planned nominal value of Rp250,200,000,000 (full
penuh). amount).
44. TAMBAHAN INFORMASI ARUS KAS 44. ADDITIONAL CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas konsolidasian activities in the consolidated cash flows statement
adalah sebagai berikut: are as follows:
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2025 Proceeds Payment Changes 2025
Rupiah Rupiah
Utang jangka pendek*) 770.000.000 18.628.780.583 (18.148.780.583) - 1.250.000.000 Short-term liabilities*)
Surat utang jangka panjang**) 695.188.715 2.053.200.000 (388.000.000) (3.634.373) 2.356.754.342 Long-term notes payable**)
Liabilitas sewa 24.255.677 - (8.464.677) 10.480.878 26.271.878 Lease liabilities
Total 1.489.444.392 20.681.980.583 (18.545.245.260) 6.846.505 3.633.026.220 Total
*) Termasuk transaksi utang bank *) Including bank loans transaction
**) Termasuk transaksi surat utang jangka menengah dan obligasi ** ) Including medium-term promissory notes transaction and bonds
167
Page 463
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. TAMBAHAN INFORMASI ARUS KAS (lanjutan) 44. ADDITIONAL CASH FLOW INFORMATION
(continued)
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2024 Proceeds Payment Changes 2024
Rupiah Rupiah
Utang jangka pendek*) 300.000.000 11.679.000.000 (11.209.000.000) - 770.000.000 Short-term liabilities*)
Surat utang jangka panjang**) 529.173.843 388.000.000 (222.500.000) 514.872 695.188.715 Long-term notes payable**)
Liabilitas sewa 28.915.979 - (7.278.766) 2.618.464 24.255.677 Lease liabilities
Total 858.089.822 12.067.000.000 (11.438.778.766) 3.133.336 1.489.444.392 Total
*) Termasuk transaksi utang bank *) Including bank loans transaction
**) Termasuk transaksi surat utang jangka menengah dan obligasi ** ) Including medium-term promissory notes transaction and bonds
45. TANGGUNG JAWAB MANAJEMEN DAN 45. MANAGEMENT RESPONSIBILITY AND
PERSETUJUAN LAPORAN KEUANGAN APPROVAL OF CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
Manajemen Perusahaan dan entitas anaknya The management of the Company and its
bertanggung jawab atas laporan keuangan subsidiaries are responsible for the preparation of
konsolidasian ini yang diselesaikan dan disetujui these consolidated financial statements which were
oleh Direksi untuk diterbitkan pada tanggal 17 Maret completed and authorized by the Board of Directors
2026. for issuance on March 17, 2026.
46. INFORMASI TAMBAHAN 46. ADDITIONAL INFORMATION
Informasi tambahan berikut merupakan informasi The following additional information is information
yang tidak dipersyaratkan untuk diungkapkan oleh that is not required to be disclosed by Indonesian
Standar Akuntansi Keuangan di Indonesia. Financial Accounting Standards. Such additional
Informasi tersebut disusun sesuai dengan regulasi information was prepared in accordance with
Otoritas Jasa Keuangan. regulations of Financial Service Authority.
A. PENGELOLAAN PERMODALAN A. CAPITAL MANAGEMENT
Perusahaan mengelola modal ditujukan untuk The Company manages its capital to ensure
memastikan kemampuan Perusahaan that they will be able to continue as going
melanjutkan usaha secara berkelanjutan dan concern while maximising the return to
memaksimumkan imbal hasil kepada stakeholders through the optimisation of the
pemegang saham melalui optimalisasi saldo debt and equity balance.
liabilitas dan ekuitas.
Untuk memelihara atau mencapai struktur In order to maintain or achieve an optimal
modal yang optimal, Perusahaan dapat capital structure, the Company may adjust the
menyesuaikan nilai pembayaran dividen, imbal amount of dividend payment, return capital to
hasil kepada pemegang saham, penerbitan shareholders, issue new shares or buy back
saham baru atau membeli kembali saham issued shares, obtain new borrowings or sell
beredar, mendapatkan pinjaman baru atau assets to reduce borrowings. The Company
menjual aset untuk mengurangi pinjaman. operates in the environment in which its capital
Perusahaan beroperasi dalam lingkungan is being regulated by regulator.
usaha yang permodalannya diatur oleh
regulator.
Tidak terdapat perubahan atas tujuan, No changes were made in the objectives,
kebijakan atau proses dalam mengelola policies or processes for managing capital
permodalan selama tahun yang berakhir pada during the year ended December 31, 2025 and
tanggal 31 Desember 2025 dan 2024. 2024.
168
Page 464
The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. INFORMASI TAMBAHAN (lanjutan) 46. ADDITIONAL INFORMATION (continued)
A. PENGELOLAAN PERMODALAN (lanjutan) A. CAPITAL MANAGEMENT (continued)
Modal Disetor Paid-in Capital
Perusahaan yang beroperasi sebagai The Company that operates as brokerage
perantara perdagangan efek yang dealer which administer customers' account
mengadministrasikan rekening efek nasabah and underwriter, and the subsidiaries that
dan penjamin emisi dan entitas anak yang operate as investment manager are required to
beroperasi sebagai manajer investasi have paid-in capital above the minimum
diwajibkan untuk mempunyai modal disetor di requirement amounting to Rp50,000,000 and
atas ketentuan minimum masing-masing Rp25,000,000, respectively, by the Ministry of
sebesar Rp50.000.000 dan Rp25.000.000 yang Finance decision letter No. 153/KMK.010/2010
ditetapkan oleh Keputusan Menteri Keuangan dated August 31, 2010 concerning The Shares
No. 153/KMK.010/2010 tanggal 31 Agustus Ownership and Equity of Securities Companies.
2010 tentang Kepemilikan Saham dan
Permodalan Perusahaan Efek.
Modal Kerja Bersih Disesuaikan (MKBD) Adjusted Net Working Capital (ANWC)
Perusahaan memonitor jumlah Modal Kerja The Company monitors the Adjusted Net
Bersih Disesuaikan. Perusahaan berkewajiban Working Capital. The Company is required to
untuk memenuhi saldo Modal Kerja Bersih maintain the Adjusted Net Working Capital
Disesuaikan (MKBD) berdasarkan POJK (ANWC) POJK No. 52/POJK.04/2020 (POJK
No. 52/POJK.04/2020 (POJK 52) tertanggal 52) dated December 3, 2020 concerning
3 Desember 2020 tentang Pemeliharaan dan Maintenance and Reporting of ANWC and
Pelaporan Modal Kerja Bersih Disesuaikan dan POJK No. 08/POJK.04/2022 dated May 18,
POJK No. 08/POJK.04/2022 tertanggal 18 Mei 2022 concerning Reporting of Securties
2022 tentang Pelaporan Perusahaan Efek yang Companies which Operated as Underwriter and
Melakukan Kegiatan Usaha sebagai Penjamin Securities Broker. The Company also applies
Emisi Efek dan Perantara Pedagang Efek. calculation of ANWC in accordance with SEOJK
Perusahaan juga menerapkan perhitungan No. 2/SEOJK.04/2023 dated January 10, 2023
MKBD sesuai SEOJK No. 2/SEOJK.04/2023 concerning Guidelines for the Preparation of
tertanggal 10 Januari 2023 tentang Pedoman Adjusted Net Working Capital Forms and
Penyusunan Formulir Modal Kerja Bersih Submission and Validation of ANWC Report.
Disesuaikan Serta Penyampaian dan Validasi Based on POJK 52, the Company should
Laporan Modal Kerja Bersih Disesuaikan. maintain a minimum Adjusted Net Working
Berdasarkan POJK 52 tersebut, perusahaan Capital (“ANWC”) of Rp25,000,000 or 6.25% of
efek yang menjalankan kegiatan sebagai total liabilities without subordinated loans and
penjamin emisi efek/perantara pedagang efek liabilities related to public offering/limited public
yang mengadministrasikan rekening efek offering plus Ranking Liabilities, whichever is
nasabah, wajib memelihara MKBD sebesar higher.
minimum Rp25.000.000 atau 6,25% dari jumlah
liabilitas tanpa utang subordinasi dan utang
dalam rangka penawaran umum/penawaran
terbatas ditambah Ranking Liabilities, mana
yang lebih tinggi.
Jika hal ini tidak dipantau dan disesuaikan, If not properly monitored and adjusted, the
tingkat modal dan modal kerja sesuai peraturan regulatory capital and working capital levels
dapat berada di bawah nilai minimum yang could fall below the required minimum amounts
ditetapkan oleh regulator, yang dapat set by the regulators, which could expose
mengakibatkan berbagai sanksi mulai dari various sanctions ranging from fines and
denda sampai dengan penghentian sebagian censure to imposing partial or complete
atau seluruh kegiatan usaha. restrictions on its ability to conduct business.
169
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The original consolidated financial statements included herein are in
the Indonesian language.
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. INFORMASI TAMBAHAN (lanjutan) 46. ADDITIONAL INFORMATION (continued)
A. PENGELOLAAN PERMODALAN (lanjutan) A. CAPITAL MANAGEMENT (continued)
Modal Kerja Bersih Disesuaikan (MKBD) Adjusted Net Working Capital (ANWC)
(lanjutan) (continued)
Untuk mengatasi risiko ini, Perusahaan dan To address the risk, the Company and its
entitas anaknya terus mengevaluasi tingkat subsidiaries continuously evaluate the levels of
kebutuhan modal dan modal kerja berdasarkan regulatory capital and working capital
peraturan dan memantau perkembangan requirements and monitors regulatory
peraturan dan modal kerja bersih yang developments regarding capital and net working
disyaratkan dan mempersiapkan peningkatan capital requirements and prepare for increases
batas minimum yang diperlukan sesuai in the required minimum levels of regulatory
peraturan yang mungkin terjadi dari waktu ke capital that may occur from time to time in the
waktu di masa datang. future.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the
MKBD Perusahaan di atas saldo minimum Company’s ANWC is above the minimum
yang ditetapkan dalam peraturan ini. balance required by this regulation.
B. REKENING EFEK B. SECURITIES ACCOUNT
Pada tanggal 31 Desember 2025, Perusahaan As of December 31, 2025, the Company
mengelola Efek dan dana nasabah dalam manages the customers’ Securities and funds in
Rekening Efek masing-masing sebesar the Securities Account amounting to
Rp289.145.005.580.064 (nilai penuh) dan Rp289,145,005,580,064 (full amount) and
Rp27.075.070.928.115 (nilai penuh) Rp27,075,070,928,115 (full amount)
(tidak diaudit). (unaudited), respectively.
Pada tanggal 31 Desember 2024, Perusahaan As of December 31, 2024, the Company
mengelola Efek dan dana nasabah dalam manages the customers’ Securities and funds in
Rekening Efek masing-masing sebesar the Securities Account amounting to
Rp209.794.737.155.940 (nilai penuh) dan Rp209,794,737,155,940 (full amount) and
Rp2.335.760.500.432 (nilai penuh) (tidak Rp2,335,760,500,432 (full amount) (unaudited),
diaudit). respectively.
Jumlah ini dan liabilitas kepada nasabah yang These amounts and the associated liability to
terkait tidak diakui dalam laporan posisi the customers are not recognised in the
keuangan Perusahaan. Company’s statements of financial position.
47. INFORMASI KEUANGAN TERPISAH ENTITAS 47. PARENT ENTITY’S SEPARATE FINANCIAL
INDUK INFORMATION
Informasi keuangan tersendiri Entitas Induk hanya The Parent Entity's separate financial information
menyajikan Informasi Keuangan PT Trimegah only presents information of PT Trimegah Sekuritas
Sekuritas Indonesia (“Entitas Induk”), yang terdiri Indonesia’s (“Parent Entity”) Financial Information,
dari laporan posisi keuangan tersendiri Entitas Induk consisting of the statement of financial position of the
tanggal 31 Desember 2025 dan 2024 serta laporan Parent Entity as of December 31, 2025 and 2024 and
laba rugi dan penghasilan komprehensif lain, the related statements of profit or loss and other
laporan perubahan ekuitas, dan laporan arus kas comprehensive income, changes in equity, and cash
untuk tahun yang berakhir pada tanggal tersebut. flows of the for the year then ended. The Parent
Informasi keuangan Entitas Induk ini merupakan Entity Financial Information is presented as
informasi tambahan dalam laporan keuangan supplementary information for the consolidated
konsolidasian tanggal 31 Desember 2025 dan untuk financial statements as of December 31, 2025 and
tahun yang berakhir pada tanggal tersebut. Laporan for the year then ended. The Parent Entity's
keuangan tersendiri Entitas Induk disajikan pada separate financial statements are presented on
halaman 172-193. pages 172-193.
170
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
December 31, Catatan/ December 31,
2025 Notes 2024
ASET ASSETS
Kas dan setara kas 672.338.166 5 347.059.937 Cash and cash equivalents
Portofolio efek - neto 260.763.424 6 198.166.276 Marketable securities - net
Piutang usaha - neto Account receivables - net
Pihak ketiga 9.896.358 7 1.561.230 Third parties
Piutang transaksi perantara Receivables from brokerage
pedagang efek - neto 8 activities - net
Pihak berelasi 68.685.110 3.622.831 Related parties
Pihak ketiga 1.158.406.712 671.541.163 Third parties
Total piutang transaksi perantara Total receivables from brokerage
pedagang efek - neto 1.227.091.822 675.163.994 activities - net
Receivables from repo
Piutang transaksi repo - neto 4.171.361.329 9 1.939.639.158 transactions - net
Piutang lain-lain - neto 8.816.342 10.001.811 Other receivables - net
Biaya dibayar dimuka 13.369.046 6.870.554 Prepaid expenses
Pajak dibayar dimuka - 2.178.900 Prepaid taxes
Investasi pada entitas asosiasi 25.974.000 2 25.974.000 Investment in associated entities
Penyertaan saham 10.500.000 10.500.000 Investment in shares
Aset tak berwujud - setelah dikurangi Intangible assets - net of
akumulasi amortisasi accumulated amortization of
masing-masing sebesar Rp50,241,325
Rp50.241.325 dan Rp43.653.583 and Rp43,653,583 as of
per 31 Desember 2025 December 31, 2025 and 2024,
dan 2024 11.159.782 12.613.942 respectively
Aset hak guna - setelah dikurangi Right-of-use assets - net of
akumulasi penyusutan accumulated depreciation of
masing-masing sebesar Rp34,521,469 and
Rp34.521.469 dan Rp29.556.966 Rp29,556,966 as of
per 31 Desember 2025 December 31, 2025 and 2024,
dan 2024 20.181.791 17.100.201 respectively
Fixed assets - net of
Aset tetap - accumulated depreciation of
setelah dikurangi akumulasi Rp75,851,463
penyusutan masing-masing sebesar and Rp71,621,073 as of
Rp75.851.463 dan Rp71.621.073 December 31, 2025 and 2024,
per 31 Desember 2025 dan 2024 10.945.853 11.351.510 respectively
Aset pajak tangguhan 33.256.450 28.680.203 Deferred tax assets
Aset lain-lain 5.266.596 1.762.244 Other assets
TOTAL ASET 6.480.920.959 3.288.623.960 TOTAL ASSETS
171
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
December 31, Catatan/ December 31,
2025 Notes 2024
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Utang usaha Account payables
Pihak ketiga 36.406.917 68.122.855 Third parties
Utang transaksi perantara Payables from brokerage
pedagang efek activities
Pihak berelasi 9.022.253 12.728.234 Related parties
Pihak ketiga 770.353.115 306.561.055 Third parties
Total utang transaksi perantara Total payables from brokerage
pedagang efek 779.375.368 319.289.289 activities
Utang pajak 28.543.440 35.748.756 Taxes payable
Beban akrual 126.436.623 63.335.212 Accrued expenses
Utang jangka pendek 1.250.000.000 770.000.000 Short-term liabilities
Surat utang jangka panjang 2.356.754.342 695.188.715 Long-term notes payable
Liabilitas sewa 21.426.574 18.417.226 Lease liabilities
Liabilitas imbalan kerja 35.758.497 32.684.627 Employee benefits liabilities
Utang lain-lain 11.209.665 3.520.540 Other payables
Total Liabilitas 4.645.911.426 2.006.307.220 Total Liabilities
EKUITAS EQUITY
Modal saham - nilai nominal Share capital - Rp50 (full amount)
Rp50 per saham (nilai penuh) par value per share
Modal dasar - 13.600.000.000 saham Authorized capital -
13,600,000,000 shares
Modal ditempatkan dan disetor penuh - Issued and fully paid capital -
sebesar 7.109.300.000 saham 355.465.000 355.465.000 7,109,300,000 shares
Tambahan modal disetor 123.828.834 123.828.834 Additional paid-in capital
Saldo laba Retained earnings
Telah ditentukan penggunaannya 11.975.000 10.975.000 Appropriated
Belum ditentukan penggunaannya 1.318.959.365 768.884.882 Unappropriated
Penghasilan komprehensif lain Other comprehensive income
yang tidak akan direklasifikasi which will not be further
lebih lanjut ke laba rugi 24.781.334 23.163.024 reclassified to profit or loss
Total Ekuitas 1.835.009.533 1.282.316.740 Total Equity
TOTAL LIABILITAS DAN EKUITAS 6.480.920.959 3.288.623.960 TOTAL LIABILITIES AND EQUITY
172
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada For the Year Ended December 31, 2025
Tanggal 31 Desember 2025 (Expressed in thousands of Rupiah,
(Disajikan dalam ribuan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024
PENDAPATAN USAHA REVENUES
Pendapatan dari kontrak Income from contract
dengan pelanggan: 9,15 with customers:
Komisi perantara efek 223.435.115 176.466.437 Brokerage commisions
Jasa penjamin emisi efek 139.273.417 63.277.420 Underwriting fees
Jasa penasihat keuangan 56.082.494 29.090.661 Financial advisory fees
Jasa kegiatan manajer investasi 25.880.552 25.496.901 Investment manager fees
Lain-lain 5.470.689 4.903.746 Others
450.142.267 299.235.165
Pendapatan dari hasil investasi: 10,15 Income from investments:
Pendapatan dividen dan bunga 585.006.940 357.387.000 Dividend and interest income
Gain from marketable
Keuntungan dari efek - neto 248.444.877 17.586.023 securities - net
833.451.817 374.973.023
Total Pendapatan Usaha 1.283.594.084 674.208.188 Total Revenues
BEBAN USAHA OPERATING EXPENSES
Gaji dan tunjangan karyawan (227.359.535) 11 (167.088.053) Employee salaries and benefits
Umum dan administrasi (200.336.961) 12 (90.026.690) General and administration
Beban pemasaran (36.980.045) (22.683.673) Marketing expenses
Penyusutan dan amortisasi (15.881.033) (16.154.800) Depreciation and amortization
Beban pajak final (7.031.351) (5.352.215) Final tax expense
Total Beban Usaha (487.588.925) (301.305.431) Total Operating Expenses
LABA USAHA 796.005.159 372.902.757 INCOME FROM OPERATION
PENDAPATAN (BEBAN) LAIN-LAIN OTHER INCOME (EXPENSES)
Pendapatan lainnya 18.333.988 13,15 17.864.831 Other income
Beban lainnya (5.413.311) (5.780.055) Others expense
Biaya keuangan (179.184.374) 14,15 (88.363.980) Finance cost
Beban lain-lain - neto (166.263.697) (76.279.204) Other expenses - net
LABA SEBELUM BEBAN PROFIT BEFORE INCOME
PAJAK PENGHASILAN 629.741.462 296.623.553 TAX EXPENSE
BEBAN PAJAK PENGHASILAN (78.666.979) (51.265.200) INCOME TAX EXPENSE
LABA TAHUN BERJALAN 551.074.483 245.358.353 PROFIT FOR THE YEAR
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN (lanjutan) AND OTHER COMPREHENSIVE
Untuk Tahun yang Berakhir pada INCOME (continued)
Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
2025 2024
LABA TAHUN BERJALAN 551.074.483 245.358.353 PROFIT FOR THE YEAR
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN: INCOME:
POS YANG TIDAK ITEM THAT WILL NOT TO BE
AKAN DIREKLASIFIKASI RECLASSIFIED TO
KE LABA RUGI PROFIT OR LOSS
Pengukuran kembali kewajiban Remeasurement of employee
imbalan kerja setelah pajak benefit liabilities after
tangguhan 1.997.914 2.139.723 deferred of tax
Pajak penghasilan
yang terkait (379.604) (406.547) Related income tax
PENGHASILAN/(BEBAN) OTHER COMPREHENSIVE
KOMPREHENSIF LAIN - INCOME/(LOSS) -
SETELAH PAJAK 1.618.310 1.733.176 AFTER TAX
TOTAL PENGHASILAN TOTAL COMPREHENSIVE
KOMPREHENSIF TAHUN INCOME FOR
BERJALAN 552.692.793 247.091.529 THE YEAR
LABA PER SAHAM EARNINGS PER SHARE
(dalam Rupiah penuh) (in full Rupiah)
Dasar 77,51 34,51 Basic
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain) (Expressed in thousands of Rupiah, unless otherwise stated)
Saldo laba Saldo laba Penghasilan
Tambahan telah ditentukan belum ditentukan Komprehensif lain/
modal disetor/ penggunaanya/ penggunaanya/ Other
Modal saham/ Additional Appropriated Unappropriated Comprehensive Total ekuitas/
Capital stock paid-in capital retained earnings retained earnings Income Total equity
Saldo per 31 Desember 2023 355.465.000 123.828.834 9.975.000 524.526.529 21.429.848 1.035.225.211 Balance as of December 31, 2023
Pembentukan cadangan umum - - 1.000.000 (1.000.000) - - General reserved appropriation
Pengukuran kembali liabilitas Remeasurement of employee benefit
imbalan kerja, setelah pajak tangguhan - - - - 1.733.176 1.733.176 liabilities, net of deferred tax
Laba tahun berjalan - - - 245.358.353 - 245.358.353 Income for the year
Saldo per 31 Desember 2024 355.465.000 123.828.834 10.975.000 768.884.882 23.163.024 1.282.316.740 Balance as of December 31, 2024
Pembentukan cadangan umum - - 1.000.000 (1.000.000) - - General reserved appropriation
Pengukuran kembali liabilitas Remeasurement of employee benefit
imbalan kerja, setelah pajak tangguhan - - - - 1.618.310 1.618.310 liabilities, net of deferred tax
Laba tahun berjalan - - - 551.074.483 - 551.074.483 Income for the year
Saldo per 31 Desember 2025 355.465.000 123.828.834 11.975.000 1.318.959.365 24.781.334 1.835.009.533 Balance as of December 31, 2025
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada For the Year Ended December 31, 2025
Tanggal 31 Desember 2025 (Expressed in thousands of Rupiah,
(Disajikan dalam ribuan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
CASH FLOWS FROM OPERATING
ARUS KAS DARI AKTIVITAS OPERASI ACTIVITIES
Penerimaan pendapatan dividen Receipts from dividends and
dan bunga 547.730.278 352.840.842 interest income
Penerimaan dari piutang Receipts from receivables from
transaksi repo 387.800.556 117.243.810 repo transactions
Penerimaan komisi perantara
perdagangan efek 223.435.116 176.466.437 Receipts from brokerage commissions
Penerimaan jasa penasihat keuangan Receipts from financial advisory
penjaminan emisi dan penjualan efek 210.380.507 115.796.715 underwriting and selling fees
Penjualan aset keuangan Sale of financial assets at
pada nilai wajar melalui laba rugi fair value through profit or loss
- neto 185.847.731 172.051.043 - net
Pemberian piutang Granting from receivables
transaksi repo (2.581.225.980) (947.184.040) from repo transactions
Pembayaran kepada
pemasok - neto (295.701.770) (32.988.829) Payments to suppliers - net
Pembayaran kepada karyawan (180.924.027) (150.244.046) Payments to employees
Pembayaran kepada pajak penghasilan (98.800.131) (40.675.987) Payments of corporate income tax
Pembayaran kepada nasabah - neto (60.407.742) (339.858.014) Payments to customers - net
(Pembayaran kepada)/penerimaan dari lembaga (Payments to)/receipts from clearing
kliring dan penjaminan - neto (18.252.371) 186.436.095 and guarantee institution - net
Pembayaran kepada Payments to other securities
perusahaan efek lain - neto (3.906.665) (6.078.813) company - net
Penerimaan lainnya - neto 12.843.618 4.336.148 Other receipts - net
Kas neto digunakan untuk Net cash used in
aktivitas operasi (1.671.180.880) (391.858.639) operating activities
CASH FLOWS FROM INVESTING
ARUS KAS DARI AKTIVITAS INVESTASI ACTIVITIES
Penerimaan bunga 19.185.191 10.556.506 Interest received
Hasil penjualan aset tetap 631 - Proceeds from sale of fixed assets
Perolehan aset tetap (3.840.558) (7.220.116) Acquisition of fixed assets
Perolehan aset tak berwujud (5.133.582) (2.647.400) Acquisition of intangible assets
Uang muka pembelian Advances for purchase of
aset tak berwujud (982.481) (159.500) intangible assets
Uang muka pembelian aset tetap (753.088) (95.333) Advances for purchase of fixed assets
Kas neto diperoleh dari Net cash provided by
aktivitas investasi 8.476.113 434.157 investing activities
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada For the Year Ended December 31, 2025
Tanggal 31 Desember 2025 (Expressed in thousands of Rupiah,
(Disajikan dalam ribuan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
CASH FLOWS FROM FINANCING
ARUS KAS DARI AKTIVITAS PENDANAAN ACTIVITIES
Penerimaan utang bank 18.628.780.583 11.679.000.000 Proceeds from bank loans
Penerimaan dari surat utang jangka panjang 2.053.200.000 388.000.000 Proceeds from long-term notes payable
Pembayaran liabilitas sewa (6.950.962) (5.765.050) Payment of lease liabilities
Pembayaran utang bank (18.148.780.583) (11.209.000.000) Payments of bank loans
Pembayaran surat utang jangka panjang (388.000.000) (100.000.000) Payments of long-term notes payable
Pembayaran bunga (150.266.042) (77.823.013) Interest payments
Pembayaran surat utang jangka menengah - (122.500.000) Payments of medium-term promissory notes
Kas neto diperoleh dari Net cash provided by
aktivitas pendanaan 1.987.982.996 551.911.937 financing activities
KENAIKAN BERSIH KAS NET INCREASE IN CASH
DAN SETARA KAS 325.278.229 160.487.455 AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 347.059.937 186.572.482 AT BEGINNING OF THE YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 672.338.166 347.059.937 AT THE END OF THE YEAR
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025
Untuk Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 1. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES INFORMATION
Dasar penyusunan laporan keuangan tersendiri Basis of preparation of the separate financial
Entitas Induk statements the Parent Entity
Laporan keuangan tersendiri entitas induk disusun The separate financial statements of parent entity
sesuai dengan Pernyataan Standar Akuntansi are prepared in accordance with the statement of
Keuangan (“PSAK”) 227, “Laporan Keuangan Financial Accounting Standards (“SFAS”) 227,
Tersendiri”. “Separate Financial Statements”.
PSAK 227 (Revisi 2013) mengatur dalam hal entitas SFAS 227 (Revised 2013) regulates that when an
menyajikan laporan keuangan tersendiri, maka entity presents the separate fincaial statements,
laporan tersebut hanya dapat disajikan sebagai such financial statements should be presented as
informasi tambahan dalam laporan keuangan supplementary information to the consolidated
konsolidasian. Laporan keuangan tersendiri adalah financial statements. Separate financial statements
laporan yang disajikan oleh entitas induk yang are those presented by a parent entity, in which the
mencatat investasi pada entitas anak, entitas investments are accounted for on the basis of the
asosiasi, dan pengendalian bersama entitas direct equity interest rather than on the basis of the
berdasarkan kepemilikan ekuitas langsung bukan reported results and net assets of the investees.
berdasarkan pelaporan hasil dan aset neto investee.
Kebijakan akuntansi yang diterapkan dalam Accounting policies adopted in the preparation of
penyusunan laporan keuangan tersendiri entitas the parent entity separate financial statements are
induk adalah sama dengan kebijakan akuntasi yang the same as the accounting policies adopted in the
diterapkan dalam penyusunan laporan keuangan preparation of the consolidated financial statements
konsolidasian sebagaimana diungkapkan dalam as disclosed in Note 2 to the consolidated financial
Catatan 2 atas laporan keuangan konsolidasian, statements, except for investments in subsidiaries.
kecuali untuk penyertaan pada entitas anak.
Dalam laporan keuangan Entitas Induk, penyertaan In the Parent Entity’s financial statements,
pada entitas anak dicatat pada harga perolehan investment in subsidiaries is carried at cost less
dikurangi cadangan kerugian penurunan nilai. allowance for impairment losses.
2. PENYERTAAN SAHAM PADA ENTITAS ANAK 2. INVESTMENT IN SHARES OF SUBSIDIARIES
Informasi mengenai entitas anak yang dimiliki Entitas Information pertaining to subsidiaries by the Parent
Induk diungkapkan dalam Catatan 1.b atas laporan Entity is disclosed in Note 1.b to the consolidated
keuangan konsolidasian. financial statements.
Pada tanggal-tanggal 31 Desember 2025 and 2024 As of December 31, 2025 and 2024, the Parent
Entitas Induk memiliki penyertaan saham pada Entity has the following investments in shares of
entitas anak sebagai berikut: subsidiaries:
178
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. PENYERTAAN SAHAM PADA ENTITAS ANAK 2. INVESTMENT IN SHARES OF SUBSIDIARIES
(lanjutan) (continued)
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Persentase Persentase
kepemilikan/ kepemilikan/
Percentage of Biaya perolehan/ Percentage of Biaya perolehan/
Nama entitas/Entity name ownership Acquisition cost ownership Acquisition cost
Langsung/Direct
PT Trimegah Asset Management (TRIM AM) 99,90% 24.975.000 99,90% 24.975.000
PT Trimegah Sekuritas (TS) 99,90% 999.000 99,90% 999.000
Tidak langsung/Indirect
Reksadana TRIM RDPT Hijau Inklusif 99,99% 15.000.000 99,99% 15.000.000
Reksadana TRIM Dana Likuid 99,99% 10.000.000 - -
Reksadana Pendapatan Tetap Trimegah
Sepakbola Merah Putih 64,97% 10.000.000 - -
Reksadana Pendapatan Tetap Trimegah
Almamater Fund Kelas A 99,99% 10.000.000 - -
Reksadana Dana Kas 1 - - 54,55% 5.662.268
Manajemen berpendapat tidak terdapat kejadian Management believes that there are no events or
atau perubahan keadaan yang mengindikasikan change in circumstances which may indicate
penurunan nilai investasi saham pada entitas anak impairment in value of investment in shares of
pada akhir tahun pelaporan. subsidiaries at the end of reporting year.
3. TAMBAHAN INFORMASI ARUS KAS 3. ADDITIONAL CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai activities in the cash flows statement are as
berikut: follows:
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2025 Proceeds Payment Changes 2025
Rupiah Rupiah
Utang jangka pendek*) 770.000.000 18.628.780.583 (18.148.780.583) - 1.250.000.000 Short-term liabilities*)
Surat utang jangka panjang**) 695.188.715 2.053.200.000 (388.000.000) (3.634.373) 2.356.754.342 Long-term notes payable**)
Liabilitas sewa 18.417.226 - (6.950.962) 9.960.310 21.426.574 Lease liabilities
Total 1.483.605.941 20.681.980.583 (18.543.731.545) 6.325.937 3.628.180.916 Total
Arus Kas/Cash Flows Perubahan
1 Januari/ Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2024 Proceeds Payment Changes 2024
Rupiah Rupiah
Utang jangka pendek*) 300.000.000 11.679.000.000 (11.209.000.000) - 770.000.000 Short-term liabilities*)
Surat utang jangka panjang**) 529.173.843 388.000.000 (222.500.000) 514.872 695.188.715 Long-term notes payable**)
Liabilitas sewa 22.177.510 - (5.765.050) 2.004.766 18.417.226 Lease liabilities
Total 851.351.353 12.067.000.000 (11.437.265.050) 2.519.638 1.483.605.941 Total
*) Termasuk transaksi utang bank *) Including bank loans transaction
**) Termasuk transaksi surat utang jangka menengah dan obligasi **) Including medium-term promissory notes transaction and bonds
179
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
31 Desember/ 31 Desember/
Desember 31, December 31,
2025 2024
Kas kecil Petty cash
Rupiah 103.100 102.990 Rupiah
Kas di bank Cash in banks
Rupiah Rupiah
PT Bank Central Asia Tbk 293.877.270 21.042.605 PT Bank Central Asia Tbk
PT Bank Jago Tbk 5.592.994 551.728 PT Bank Jago Tbk
PT Bank Mandiri (Persero) Tbk 4.619.631 122.175.381 PT Bank Mandiri (Persero) Tbk
PT Bank Sinarmas 4.253.138 23.828 PT Bank Sinarmas
PT Bank Rakyat Indonesia
(Persero) Tbk 2.869.364 49.671.586 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Permata Tbk 591.988 22.213.376 PT Bank Permata Tbk
Lain-lain (masing-masing
di bawah 5% dari total) 4.914.584 7.207.270 Others (each below 5% of total)
316.718.969 222.885.774
Dolar Amerika Serikat United States Dollar
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
(USD205.419,15 dan (USD205,419.15 and USD68,065.89
USD68.065,89 per as of December 31, 2025 and 2024,
31 Desember 2025 dan 2024 respectively -
- angka penuh) 3.447.344 1.100.081 full amount)
PT Bank Central Asia Tbk PT Bank Central Asia Tbk
(USD114.646,63 dan USD14.546,85 (USD114,646.63 and USD14,546.85
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 1.924.000 235.106 respectively - full amount)
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk (Persero) Tbk (USD89,663.40
(USD89.663,40 dan USD90.823,61 and USD90,823.61 as of December 31,
per 31 Desember 2025 2025 and 2024, respectively -
dan 2024 - angka penuh) 1.504.731 1.467.891 full amount)
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
(USD66.943,90 dan USD63.417,05 (USD66,943.90 and USD63,417.05
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 1.123.453 1.024.946 respectively - full amount)
PT Bank Permata Tbk PT Bank Permata Tbk
(USD738,79 dan USD738,79 (USD738.79 and USD738.79
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 12.398 11.940 respectively - full amount)
8.011.926 3.839.964
Dolar Singapura Singapore Dollar
PT Bank Permata Tbk
(SGD11.920,32 dan PT Bank Permata Tbk
SGD12.047,24 (SGD11,920.32 and SGD12,047.24
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 155.782 143.595 respectively - full amount)
180
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Kas di bank (lanjutan) Cash in banks (continued)
Euro Eropa European Euro
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
(EUR15.438,74 dan EUR5.199,23 (EUR15,438.74 and EUR5,199.23
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 304.965 87.614 respectively - full amount)
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk (Persero) Tbk (EUR1,041.68
(EUR1.041,68 dan EURNihil and EURNil as of December 31,
per 31 Desember 2025 2025 and 2024, respectively -
dan 2024 - angka penuh) 20.577 - full amount)
325.542 87.614
Yen Jepang Japan Yen
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
(JPY212.350,71 dan JPYNihil (JPY212,350.71 and JPYNil
per 31 Desember 2025 dan 2024 as of December 31, 2025 and 2024,
- angka penuh) 22.847 - respectively - full amount)
Total kas di bank 325.235.066 226.956.947 Total cash in banks
Deposito berjangka Time deposits
Rupiah Rupiah
PT Allo Bank Indonesia 200.000.000 - PT Allo Bank Indonesia
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 100.000.000 50.000.000 (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 47.000.000 - PT Bank Mandiri (Persero) Tbk
PT Bank Tabungan Negara
(Persero) Tbk - 50.000.000 PT Bank Tabungan Negara (Persero) Tbk
PT Bank CIMB Niaga Tbk - 20.000.000 PT Bank CIMB Niaga Tbk
Total deposito berjangka 347.000.000 120.000.000 Total time deposits
Total 672.338.166 347.059.937 Total
Kisaran tingkat bunga untuk tahun yang berakhir Range on interest rates per annum for the year
pada tanggal 31 Desember 2025 dan 2024: ended December 31, 2025 and 2024:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Deposito 2,05% - 5,00% 4,00% - 6,10% Time deposits
Giro 1,00% - 2,00% 1,00% - 2,00% Current accounts
Jangka waktu deposito berjangka yang dimiliki oleh Period of time deposits held by the Company and its
Perusahaan dan entitas anaknya beragam mulai subsidiaries range from three days up to three
dari tiga hari sampai dengan tiga bulan. months.
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO 5. MARKETABLE SECURITIES - NET
Rincian portofolio efek berdasarkan klasifikasi The details of marketable securities based on
instrumen keuangan adalah sebagai berikut: classifications of financial instruments consist of:
31 Desember/ 31 Desember/
Desember 31, December 31,
2025 2024
Aset keuangan yang diukur pada Financial assets measured at fair value
nilai wajar melalui laba rugi 260.763.424 198.166.276 through profit or loss
a. Aset keuangan yang diukur nilai wajar a. Financial assets measured at fair value
melalui laba rugi (FVTPL) through profit or loss (FVTPL)
31 Desember/ 31 Desember/
Desember 31, December 31,
2025 2024
Efek-efek kuotasian Quoted securities
Ekuitas 160.583.291 80.321.887 Equity
Obligasi 74.953.682 106.737.487 Bonds
Reksadana 25.226.451 11.106.902 Mutual funds
Nilai wajar 260.763.424 198.166.276 Fair value
Rincian berdasarkan tipe portofolio efek adalah The details of marketable securities based on
sebagai berikut: portfolio type consist of:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Reksadana Mutual funds
Pihak ketiga: Third parties:
Juara Empowerment Balanced Fund 20.000.000 10.000.000 Juara Empowerment Balanced Fund
Ditambah: Add:
Kenaikan nilai aset - neto 5.226.451 1.106.902 Increase in net assets value
Sub-total 25.226.451 11.106.902 Sub-total
Obligasi Bonds
Pihak ketiga: Third parties:
Obligasi pemerintah - Rupiah Government bonds - Rupiah
SR019T5 Tahun 2023 2.238.581 978 SR019T5 Year 2023
ORI23T6 Tahun 2023 1.465.516 30.201 ORI23T6 Year 2023
SR022T3 tahun 2025 1.397.250 - SR022T3 Year 2025
ORI027T3 Tahun 2025 1.378.485 - ORI027T3 Year 2025
SR020T3 Tahun 2024 1.308.350 1.010.818 SR020T3 Year 2024
ORI026T3 Tahun 2024 1.155.632 978 ORI026T3 Year 2024
SR022T5 tahun 2025 1.098.336 - SR022T5 Year 2025
SR023T3 Tahun 2025 918.154 - SR023T3 Year 2025
SR019T3 Tahun 2023 700.299 589.530 SR019T3 Year 2023
ORI027T6 Tahun 2025 514.970 - ORI027T6 Year 2025
ORI024T6 Tahun 2024 511.150 1.948 ORI024T6 Year 2024
SR023T5 Tahun 2025 510.101 - SR023T5 Year 2025
ORI026T6 Tahun 2024 500.940 197.030 ORI026T6 Year 2024
ORI024T3 Tahun 2023 475.758 1.238.316 ORI024T3 Year 2023
SR021T5 Tahun 2024 305.250 - SR021T5 Year 2024
ORI025T3 Tahun 2024 301.965 1.013.624 ORI025T3 Year 2024
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
a. Aset keuangan yang diukur nilai wajar a. Financial assets measured at fair value
melalui laba rugi (FVTPL) (lanjutan) through profit or loss (FVTPL) (continued)
Rincian berdasarkan tipe portofolio efek adalah The details of marketable securities based on
sebagai berikut: (lanjutan) portfolio type consist of: (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Obligasi (lanjutan) Bonds (continued)
Pihak ketiga: (lanjutan) Third parties: (continued)
Obligasi pemerintah - Rupiah (lanjutan) Government bonds - Rupiah (continued)
SR020T5 Tahun 2024 234.658 19.820 SR020T5 Year 2024
SR021T3 Tahun 2024 101.100 1.967 SR021T3 Year 2024
SR018T3 Tahun 2023 99.040 7.377.042 SR018T3 Year 2023
ORI025T6 Tahun 2024 51.050 200.434 ORI025T6 Year 2024
ORI028T3 Tahun 2025 9.865 - ORI028T3 Year 2025
FR0108 Tahun 2025 7.206 - FR0108 Year 2025
ORI028T6 Tahun 2025 6.857 - ORI028T6 Year 2025
FR0106 Tahun 2025 4.261 - FR0106 Year 2025
ORI022 Tahun 2022 - 1.714.885 ORI022 Year 2022
SR016 Tahun 2022 - 807.740 SR016 Year 2022
SR017 Tahun 2022 - 633.173 SR017 Year 2022
ORI023T3 Tahun 2023 - 201.499 ORI023T3 Year 2023
FR0091 Tahun 2021 - 143.725 FR0091 Year 2021
ORI021 Tahun 2022 - 98.650 ORI021 Year 2022
SR018T5 Tahun 2023 - 1.967 SR018T5 Year 2023
FR0087 Tahun 2020 - 1.943 FR0087 Year 2020
Obligasi korporasi - Corporate bonds -
Dolar Amerika Serikat United States Dollar
PT OKI Pulp & Paper Mills 16.782.000 16.162.000 PT OKI Pulp & Paper Mills
Obligasi korporasi - Rupiah Corporate bonds - Rupiah
PT Merdeka Battery Materials Tbk 30.000.000 - PT Merdeka Battery Materials Tbk
PT Bumi Serpong Damai Tbk 6.000.000 - PT Bumi Serpong Damai Tbk
PT Indah Kiat Pulp & Paper Tbk 2.035.000 45.039.000 PT Indah Kiat Pulp & Paper Tbk
PT Adira Dinamika Multi Finance Tbk 2.084.762 - PT Adira Dinamika Multi Finance Tbk
PT Kereta Api Indonesia (Persero) 1.889.547 - PT Kereta Api Indonesia (Persero)
PT OKI Pulp & Paper Mills 305.650 - PT OKI Pulp & Paper Mills
PT Bank Mandiri Taspen 75.338 - PT Bank Mandiri Taspen
PT Lontar Papyrus Pulp & PT Lontar Papyrus Pulp &
Paper Industry 49.500 12.340.000 Paper Industry
PT Sarana Multi Infrastruktur (Persero) 25.258 - PT Sarana Multi Infrastruktur (Persero)
PT Barito Pacific Tbk 5.000 - PT Barito Pacific Tbk
PT Provident Investasi Bersama Tbk 4.950 - PT Provident Investasi Bersama Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk - 16.700.000 Jawa Barat dan Banten Tbk
Ditambah: Add:
Kenaikan nilai aset - neto 401.903 1.210.222 Net increase in asset net value
Sub-total 74.953.682 106.737.487 Sub-total
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
a. Aset keuangan yang diukur nilai wajar a. Financial assets measured at fair value
melalui laba rugi (FVTPL) (lanjutan) through profit or loss (FVTPL) (continued)
Rincian berdasarkan tipe portofolio efek adalah The details of marketable securities based on
sebagai berikut: (lanjutan) portfolio type consist of: (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Ekuitas Equity
Pihak ketiga: Third parties:
Saham Shares
PT Visi Telekomunikasi PT Visi Telekomunikasi
Infrastruktur Tbk (GOLD) 21.147.945 21.147.945 Infrastruktur Tbk (GOLD)
PT Impack Pratama PT Impack Pratama
Industri Tbk (IMPC) 8.928.571 16.250.000 Industri Tbk (IMPC)
PT Surya Citra Media Tbk (SCMA) 3.998.608 34 PT Surya Citra Media Tbk (SCMA)
PT Astra International Tbk (ASII) 2.248.900 639 PT Astra International Tbk (ASII)
PT Sarana Meditama PT Sarana Meditama
Metropolitan Tbk (SAME) 1.973.040 13 Metropolitan Tbk (SAME)
PT XL Axiata Tbk (EXCL) 149 16.031.307 PT XL Axiata Tbk (EXCL)
PT Asuransi Tugu Pratama PT Asuransi Tugu Pratama
Indonesia Tbk (TUGU) - 18.999.995 Indonesia Tbk (TUGU)
Lain-lain (masing-masing di bawah Others (each below
5% dari total) 1.819.675 848.951 5% of total)
Ditambah: Add:
Kenaikan nilai aset - neto 120.466.403 7.043.003 Net increase in asset net value
Sub-total 160.583.291 80.321.887 Sub-total
Total 260.763.424 198.166.276 Total
Perubahan nilai wajar aset keuangan FVTPL Changes in fair value of financial assets at
sebesar Rp116.734.638 dan (Rp1.360.809) FVTPL of Rp116,734,638 and (Rp1,360,809)
masing-masing untuk tahun yang berakhir pada for the year ended December 31, 2025 and
tanggal 31 Desember 2025 dan 2024 yang 2024, respectively, are presented as gain and
disajikan sebagai keuntungan dan (kerugian) (loss) from marketable securities - net (Note
dari efek - neto (Catatan 11). 11).
Rincian portofolio efek obligasi berdasarkan Details of marketable securities bonds based on
jatuh tempo: its maturity date:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Jatuh tempo kurang dari 7 tahun 74.540.312 105.383.540 Maturity of less than 7 years
Jatuh tempo lebih dari 7 tahun 11.467 143.725 Maturity of more than 7 years
Ditambah: kenaikan nilai aset - neto 401.903 1.210.222 Add: increase in net assets value
Total 74.953.682 106.737.487 Total
184
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PORTOFOLIO EFEK - NETO (lanjutan) 5. MARKETABLE SECURITIES - NET (continued)
b. Peringkat portofolio efek b. Rating of marketable securities
31 Desember/
Peringkat/ December 31, Pemeringkat/
Rating 2025 Rating Company
Pada nilai wajar melalui laba rugi/
At fair value through profit or loss
Obligasi korporasi/corporate bonds - Rupiah
PT Merdeka Battery Materials Tbk idA 30.029.960 Pefindo
PT Bumi Serpong Damai Tbk idAA 6.005.848 Pefindo
PT Indah Kiat Pulp & Paper Tbk idA+ 2.046.981 Pefindo
PT Adira Dinamika Multi Finance Tbk idAAA 2.097.060 Pefindo
PT Kereta Api Indonesia (Persero) idAAA(sy) 1.896.774 Pefindo
PT OKI Pulp & Paper Mills idA+ 318.083 Pefindo
PT Bank Mandiri Taspen AA(idn) 75.487 Pefindo
PT Lontar Papyrus Pulp & Paper Industry idA 51.072 Pefindo
PT Sarana Multi Infrastruktur (Persero) idAAA 25.311 Pefindo
PT Barito Pacific Tbk idA+ 5.100 Pefindo
PT Provident Investasi Bersama Tbk idA 5.049 Pefindo
Obligasi pemerintah/government bonds Tidak diperingkat/
- Rupiah - 15.430.627 unrated
Obligasi korporasi/corporate bonds -
Dolar Amerika Serikat/United
States Dollar
PT OKI Pulp & Paper Mills idA+ 16.966.330 Pefindo
Total 74.953.682
31 Desember/
Peringkat/ December 31, Pemeringkat/
Rating 2024 Rating Company
Pada nilai wajar melalui laba rugi/
At fair value through profit or loss
Obligasi korporasi/corporate bonds - Rupiah
PT Indah Kiat Pulp & Paper Tbk idA+ 24.656.943 Pefindo
PT Indah Kiat Pulp & Paper Tbk idA+ (sy) 21.335.000 Pefindo
PT Bank Pembangunan Daerah
Jawa Barat dan Banten idA 16.626.520 Pefindo
PT Lontar Papyrus Pulp & Paper Industry idA 12.516.215 Pefindo
Obligasi pemerintah/government bonds Tidak diperingkat/
- Rupiah - 15.378.516 unrated
Obligasi korporasi/corporate bonds -
Dolar Amerika Serikat/United
States Dollar
PT OKI Pulp & Paper Mills idA+ 16.224.293 Pefindo
Total 106.737.487
Tidak terdapat portofolio efek yang dijadikan There are no marketable securities pledged as
jaminan pada tanggal 31 Desember 2025 dan collateral as of December 31, 2025 and 2024.
2024.
185
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG USAHA - NETO 6. ACCOUNT RECEIVABLES - NET
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Piutang jasa penjaminan emisi 9.896.357 1.561.230 Receivables from underwriting
Manajemen berkeyakinan bahwa piutang usaha Management believes that accounts receivables are
dapat tertagih, sehingga cadangan kerugian tidak collectible, therefore the allowance for impairment
diperlukan pada tanggal 31 Desember 2025 dan losses is not necessary as of December 31, 2025
2024. and 2024.
7. PIUTANG TRANSAKSI PERANTARA 7. RECEIVABLES FROM BROKERAGE
PEDAGANG EFEK - NETO ACTIVITIES - NET
Informasi piutang transaksi perantara pedagang Information on receivables from brokerage activities
efek - neto pada Entitas Induk diungkapkan dalam - net of the Parent Entity is disclosed in Note 7 to the
Catatan 7 atas laporan keuangan konsolidasian. consolidated financial statements.
8. PIUTANG TRANSAKSI REPO - NETO 8. RECEIVABLES FROM REPO TRANSACTIONS -
NET
Informasi piutang transaksi repo - neto pada Entitas Information on receivables from repo transaction -
Induk diungkapkan dalam Catatan 8 atas laporan net of the Parent Entity is disclosed in Note 8 to the
keuangan konsolidasian. consolidated financial statements.
9. PENDAPATAN DARI KONTRAK DENGAN 9. INCOME FROM CONTRACT WITH CUSTOMERS
PELANGGAN
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Komisi perantara perdagangan efek: Brokerage commissions:
Pihak berelasi (Catatan 15) 24.460.107 28.335.978 Related parties (Note 15)
Pihak ketiga 198.975.008 148.130.459 Third parties
Jasa penjamin emisi dan penjualan efek - Underwriting and selling fees -
Pihak ketiga 139.273.417 63.277.420 Third parties
Jasa penasihat keuangan - Pihak ketiga 56.082.494 29.090.661 Financial advisory fees - Third parties
Jasa manajer investasi: Investment manager services:
Pihak berelasi (Catatan 15) 11.445.701 11.112.057 Related parties (Note 15)
Pihak ketiga 14.434.851 14.384.844 Third parties
Lain-lain - Pihak ketiga 5.470.689 4.903.746 Others - Third parties
Total 450.142.267 299.235.165 Total
186
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. PENDAPATAN DARI HASIL INVESTASI 10. INCOME FROM INVESTMENT
Akun ini merupakan pendapatan bunga dan This account represents interest income and net
keuntungan bersih dari transaksi perdagangan efek gain on sale of securities and changes in fair value
dan perubahan nilai wajar efek untuk of securities held for trading.
diperdagangkan.
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pendapatan bunga Interest income
Piutang transaksi repo 446.099.983 223.086.514 Receivables from repo transactions
Piutang nasabah - neto 69.896.298 63.875.894 Customer receivables - net
Efek obligasi 19.293.006 27.874.332 Marketable securities - bond
Pendapatan dividen 49.717.652 42.550.260 Income from dividends
Keuntungan direalisasi atas penjualan Realized gain on marketable
efek untuk diperdagangkan - neto 131.710.240 18.946.832 securities held for trading - net
Perubahan nilai wajar efek diperdagangkan Changes in unrealized fair value of
yang belum direalisasi - neto (Catatan 5) 116.734.638 (1.360.809) securities held-for-trading - net (Note 5)
Total 833.451.817 374.973.023 Total
11. GAJI DAN TUNJANGAN KARYAWAN 11. EMPLOYEE SALARIES AND BENEFITS
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Gaji dan tunjangan 95.739.962 87.997.326 Salaries and allowances
Bonus dan tunjangan lain-lain 81.799.266 42.109.133 Bonus and other allowances
Komisi 41.453.930 28.448.994 Commissions
Employee benefits other than
Imbalan kerja selain iuran pasti 6.443.948 6.706.037 defined contribution plan
Pensiun iuran pasti 1.922.429 1.826.563 Defined contribution plan
Total 227.359.535 167.088.053 Total
12. UMUM DAN ADMINISTRASI 12. GENERAL AND ADMINISTRATION
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pemeliharaan perangkat lunak dan
jaringan 14.366.497 9.875.362 Software and network maintenance
Iuran Otoritas Jasa Keuangan (OJK) 13.449.093 7.751.262 Financial Service Authority (OJK) levy
Jasa profesional 10.502.817 2.215.923 Professional fees
Telekomunikasi 10.214.463 9.600.054 Telecommunications
Kustodian dan transaksi 10.162.093 9.392.865 Custodian and transactions
Jamuan dan sumbangan 7.765.889 5.871.489 Representation and donations
Perlengkapan kantor 3.573.120 2.118.330 Office supplies
Transportasi dan perjalanan dinas 3.520.422 4.593.435 Transportation and business trip
Sewa kantor 3.395.000 3.178.744 Office rent
Pemeliharaan gedung dan peralatan kantor 1.745.319 1.571.036 Office building and equipment maintenance
Pelatihan dan seminar 1.571.534 4.342.100 Trainings and seminars
Asuransi 387.896 222.200 Insurance premium
187
Page 483
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. UMUM DAN ADMINISTRASI (lanjutan) 12. GENERAL AND ADMINISTRATION (continued)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pembalikan/(pembentukan) cadangan (Reversal)/provision for
kerugian penurunan nilai (18.337.668) 27.053.267 impairment losses
Lain-lain 138.020.486 2.240.623 Others
Total 200.336.961 90.026.690 Total
Termasuk dalam lain - lain di tahun 2025 adalah Include in others for 2025 is recovery expenses for
biaya yang dikeluarkan oleh Perusahaan untuk system disruption incident in 2025 amounting to
pemulihan atas gangguan sistem yang terjadi di Rp134,894,899. Management has implemented
2025 sebesar Rp134.894.899. Manajemen telah preventation to ensure system stability and to
melakukan langkah-langkah pencegahan untuk prevent similar incident in the future.
memastikan stabilitas sistem serta mencegah
kejadian serupa di masa mendatang.
13. PENDAPATAN LAINNYA 13. OTHER INCOME
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pendapatan provisi piutang Provision income for receivables
transaksi repo 8.337.817 4.702.960 from repo transactions
Deposito berjangka 4.914.400 3.470.386 Time deposits
Pendapatan dari alokasi jasa Revenue from professional
profesional entitas anak (Catatan 15) 3.252.764 7.435.844 service allocation to subsidiary (Note 15)
Jasa giro 1.290.771 1.416.198 Current accounts
Keuntungan selisih kurs - neto 299.059 560.615 Gain on foreign exchange - net
Pendapatan dari alokasi sewa Revenue from office rental
kantor entitas anak (Catatan 15) 155.011 158.722 allocation to subsidiary (Note 15)
Keuntungan penjualan aset tetap 631 - Gain on sale of fixed assets
Lain-lain 83.535 120.106 Others
Total 18.333.988 17.864.831 Total
14. BIAYA KEUANGAN 14. FINANCE COST
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Beban bunga obligasi Interest expense on bonds
Pihak ketiga 60.740.696 14.149.532 Third parties
Pihak berelasi (Catatan 15) 48.227.219 34.769.624 Related parties (Note 15)
108.967.915 48.919.156
Beban bunga utang bank 63.409.757 34.119.394 Interest expense on bank loans
Administrasi bank dan lainnya 4.968.444 3.320.664 Bank administration and others
Beban bunga atas liabilitas sewa 1.838.258 2.004.766 Interest expense on lease liabilities
Total 179.184.374 88.363.980 Total
188
Page 484
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. TRANSAKSI DENGAN PIHAK-PIHAK YANG 15. TRANSACTIONS WITH RELATED PARTIES
BERELASI
Jenis hubungan dan unsur transaksi pihak Type of relationship and related parties
berelasi transactions
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/
Related parties Type of relationship Nature of related party transactions
Personel manajemen kunci/ Dewan Komisaris, Komite Audit, Direksi, Piutang nasabah/Receivable from customers
Key management personnel dan Kepala Divisi/Boards of Liabilitas imbalan kerja/Employee benefits
Commissioners, Audit Committee, liabilities
Directors, and Head of Divisions Surat utang jangka panjang/Long-term notes
payable
Utang nasabah/Payable from customers
Beban tenaga kerja/Personnel expenses
Beban bunga/Interest expenses
PT Trimegah Asset Management Entitas Anak/Subsidiary Piutang nasabah/Receivables from customers,
Piutang entitas anak terdiri dari piutang terkait
dengan sewa, penggajian karyawan, biaya
utilitas dan jasa penjualan
reksadana/Receivables from subsidiary
consist of receivables related with rent,
employee expenses, utilities expense and
selling fee of mutual fund sales
Pendapatan diterima dimuka/Unearned income
Pendapatan jasa agen penjualan reksadana/
Selling fee of mutual fund sales
Pendapatan dari alokasi jasa profesional entitas
anak/Revenue from professional service
allocation to subsidiary
Pendapatan dari alokasi sewa kantor entitas anak/
Revenue from office rental allocation to
subsidiary
Transaksi dengan pihak berelasi Transactions with related parties
Perusahaan dalam kegiatan usaha normalnya, In the normal course of business, the entered into
melakukan transaksi-transaksi tertentu dengan certain transactions with the above related parties
pihak berelasi tersebut di atas berdasarkan based on terms and conditions agreed by both
ketentuan dan kondisi yang disepakati bersama. parties.
a. Saldo-saldo signifikan dengan pihak-pihak a. Significant balances with related parties as of
berelasi pada tanggal 31 Desember 2025 dan December 31, 2025 and 2024 are as follows:
2024 adalah sebagai berikut:
Laporan Posisi Keuangan Statement of Financial Position
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Aset Assets
Piutang nasabah 62.685.259 3.622.831 Receivables from customers
Piutang entitas anak 857.221 1.137.135 Receivables from subsidiary
Total 63.542.480 4.759.966 Total
Total aset 6.480.920.959 3.288.623.960 Total assets
189
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PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. TRANSAKSI DENGAN PIHAK-PIHAK YANG 15. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
Transaksi dengan pihak berelasi (lanjutan) Transactions with related parties (continued)
a. Saldo-saldo signifikan dengan pihak-pihak a. Significant balances with related parties as of
berelasi pada tanggal 31 Desember 2025 dan December 31, 2025 and 2024 are as follows:
2024 adalah sebagai berikut: (lanjutan) (continued)
Laporan Posisi Keuangan (lanjutan) Statement of Financial Position (continued)
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Liabilitas Liabilities
Utang transaksi perantara Payables from brokerage activities
pedagang efek 9.022.253 12.717.066 to customers
Pendapatan diterima dimuka 390.275 816.029 Unearned income
Surat utang jangka panjang 1.111.346.505 456.834.763 Long-term notes payable
Liabilitas imbalan kerja 2.544.963 2.356.447 Employee benefits liabilities
Total 1.123.303.996 472.724.305 Total
Total liabilitas 4.645.911.426 2.006.307.220 Total liabilities
Persentase transaksi dengan pihak-pihak Percentage of transactions with related parties
berelasi terhadap total aset dan liabilitas to total assets and liabilities of the Company as
Perusahaan pada tanggal 31 Desember 2025 of December 31, 2025 and 2024 are as follows:
dan 2024 adalah sebagai berikut:
31 Desember/ 31 Desember/
December 31, December 31,
2025 2024
Aset Assets
Piutang nasabah 0,97% 0,11% Receivables from customers
Piutang entitas anak 0,01% 0,03% Receivables from subsidiary
Total 0,98% 0,14% Total
Liabilitas Liabilities
Utang transaksi perantara Payables from brokerage activities
pedagang efek 0,19% 0,63% to customers
Pendapatan diterima dimuka 0.01% 0.04% Unearned income
Surat utang jangka panjang 23,92% 22,77% Long-term notes payable
Liabilitas imbalan kerja 0,05% 0,12% Employee benefits liabilities
Total 24,17% 23,56% Total
b. Transaksi-transaksi signifikan dengan pihak- b. Significant transactions with related parties
pihak berelasi meliputi pemberian jasa kegiatan consist of providing investment manager
manajer investasi, pemberian jasa perantara activities, providing brokerage services and
perdagangan efek dan perdagangan reksa trading of mutual funds and bonds.
dana dan efek utang.
Transaksi komisi perantara perdagangan efek Transactions of brokerage commissions with
dengan pihak berelasi dilakukan dengan tarif related parties are made at the mutually agreed
yang disepakati bersama dan syarat yang sama rate and similar terms as those done with third
sebagaimana dilakukan dengan pihak ketiga. parties.
190
Page 486
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. TRANSAKSI DENGAN PIHAK-PIHAK YANG 15. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
Transaksi dengan pihak berelasi (lanjutan) Transactions with related parties (continued)
Ringkasan transaksi-transaksi signifikan The summary of significant transactions with
dengan pihak-pihak berelasi adalah sebagai related parties is as follows:
berikut:
Laporan Laba Rugi dan Penghasilan Statement of Profit or Loss and Other
Komprehensif Lain Comprehensive Income
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Jasa kegiatan manajer investasi Fees from Investment manager services
(Catatan 10) (Note 10)
Pendapatan jasa agen Selling fee of mutual fund sales
penjualan reksadana 11.445.701 11.112.057 such as professional
Pendapatan lainnya (Catatan 13) Other income (Note 13)
Pendapatan dari alokasi jasa Revenue from professional
profesional entitas anak 3.252.764 7.435.844 service allocation to subsidiary
Pendapatan dari alokasi sewa Revenue from office rental
kantor entitas anak 155.011 158.722 allocation to subsidiary
3.407.775 7.594.566
Total 14.853.476 18.706.623 Total
Total pendapatan usaha dan Total revenues and
pendapatan lainnya 1.301.928.072 692.073.019 other income
Persentase dari jumlah pendapatan Percentage to total revenues
usaha dan pendapatan lainnya 1,14% 2,70% and other income
Biaya keuangan (Catatan 14) Finance cost (Note 14)
Beban bunga obligasi 48.227.219 34.769.624 Interest expense on bonds
Total beban usaha dan Total operating expenses
beban lain-lain - neto 653.852.622 377.584.635 and other expenses - net
Persentase dari jumlah beban Percentage to total operating expenses
usaha dan beban lain-lain - neto 7,38% 9,20% and other expenses - net
191
Page 487
PT TRIMEGAH SEKURITAS INDONESIA TBK PT TRIMEGAH SEKURITAS INDONESIA TBK
ENTITAS INDUK PARENT ENTITY
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut For the Year Then Ended
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. TRANSAKSI DENGAN PIHAK-PIHAK YANG 15. TRANSACTIONS WITH RELATED PARTIES
BERELASI (lanjutan) (continued)
Transaksi dengan pihak berelasi (lanjutan) Transactions with related parties (continued)
c. Perusahaan menyediakan imbalan kerja c. The Company provides employee benefits to
kepada manajemen kunci pada tanggal-tanggal members of key management as of December
31 Desember 2025 dan 2024 adalah sebagai 31, 2025 and 2024 as follows:
berikut:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Direksi dan Directors and
Kepala Divisi Head of Divisions
Imbalan kerja jangka pendek 37.596.412 30.443.030 Short-term employee benefits
Imbalan kerja pasca-kerja 7.097.899 7.209.722 Post-employment benefits
Imbalan kerja jangka panjang lainnya 884.655 999.168 Other long-term employee benefits
Sub-total 45.578.966 38.651.920 Sub-total
Board of Commissioners and
Komisaris dan komite audit audit committee
Imbalan kerja jangka pendek 1.710.301 1.574.543 Short-term employee benefits
Total 47.289.267 40.226.463 Total
192
Page 488
Page 489
Page 490
Gedung Artha Graha Lantai 18, 19, & 20 Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190, Indonesia
Names mentioned 155 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Amidst
· Komisaris
p.17
unresolved
person
Sunata
p.21 ×3
unresolved
—
Tjiterosampurno
· Komisaris
p.21 ×2
unresolved
org
Sekuritas Indonesia Tbk
p.25 ×4
unresolved
org
Bank Indonesia
p.26 ×6
unresolved
org
Financial Services Authority
p.27 ×14
unresolved
org
Indonesia Stock Exchange
p.27 ×13
unresolved
org
PT Trimulya Securindolestari
p.38
unresolved
org
PT Trimegah Securindolestari
p.38 ×2
unresolved
person
Rachmat Santoso
· Notaris
p.38 ×2
unresolved
org
Pengawas Pasar Modal
p.38
unresolved
org
Trimegah Securities Tbk
p.38 ×4
unresolved
person
Fathiah Helmi
· Notaris
p.38
unresolved
org
PT Trimegah Asset
p.39 ×4
unresolved
org
PT Trimegah Asset Management
p.39 ×15
unresolved
org
Deed Sekuritas Indonesia Tbk
p.39
unresolved
org
Securities Perusahaan Sekurit
· Anggota
p.39
unresolved
org
Reksa Dana
p.40
unresolved
org
PT Pemeringkat Efek Indonesia
p.41 ×3
unresolved
org
Reksa Dana Open-end
p.45
unresolved
org
Reksa Dana Pasar Uang
p.45
unresolved
org
Reksa Dana Pendapatan Tetap
p.45
unresolved
org
Reksa Dana Campuran
p.45
unresolved
org
Reksa Dana Saham
p.45 ×2
unresolved
org
Reksa Dana Indeks
p.45
unresolved
org
Reksa Dana Closed-end
p.45
unresolved
org
Reksa Dana Terproteksi
p.45
unresolved
person
Served
· Independent Commissioner
p.50 ×5
unresolved
org
Sentral Efek Indonesia
p.52 ×3
unresolved
org
PT Kliring Penjaminan Efek
p.52
unresolved
org
Guarantee Corporation
· Direktur
p.52 ×3
unresolved
—
Reassigned
· Independent Commissioner
p.52
unresolved
org
PT PP London Sumatera
p.52
unresolved
org
Indonesia Tbk
p.52 ×3
unresolved
org
PT Madusari
p.52
unresolved
org
Indah Tbk
p.52
unresolved
org
PT Modal Modal Ventura YCAB
p.56
unresolved
org
PT Merchant Asset
p.56
unresolved
org
PT Pedagang Aset Kripto
p.56
unresolved
org
PT Kliring Penjaminan
p.56
unresolved
org
PT Pentasena Securities
p.57 ×2
unresolved
org
PT Danareksa Sekuritas
p.57 ×2
unresolved
org
PT Equator Securities
p.57 ×2
unresolved
org
PT Andalan Artha Advisindo
p.58
unresolved
org
PT Andalan Artha Sekuritas
p.58
unresolved
org
PT CIMB Sekuritas
p.58
unresolved
org
PT CIMB Sekuritas Indonesia
p.58
unresolved
org
PT BRI Danareksa
p.58
unresolved
org
PT BRI Danareksa Sekuritas
p.58
unresolved
org
PT Trimegah Asset Management Line
p.61
unresolved
person
H. Thamrin
p.68
unresolved
—
Purwanto Susanti dan Surja
· Kantor Akuntan Publik
p.69
unresolved
org
PT Sinartama Gunita Share Registrar
p.69
unresolved
person
H. Fachrudin
p.69
unresolved
org
PT Bank Pembangunan Daerah Jawa Barat
p.69
unresolved
org
Banten Tbk
p.69
unresolved
person
Jose Dima Satria
· Notaris
p.69 ×4
unresolved
org
Kantor Akuntan Publik Tahun
p.72
unresolved
org
Purwanto Susanti
p.72 ×5
unresolved
org
Ernst Young Global Limited
p.72
unresolved
org
Young Global Limited
p.72 ×2
unresolved
org
Purwantono
p.73 ×4
unresolved
org
Bapepam-LK
p.78 ×4
unresolved
org
Equator Investment
· Anggota
p.78
unresolved
org
PT Kliring Penjamin Efek
p.78
unresolved
org
PT Multi Medika International
p.78
unresolved
org
Internasional
· Anggota
p.78
unresolved
org
PT Gemilang
p.78
unresolved
org
PT Artha Makmur Abadi. Menjabat
p.78
unresolved
—
Gemilang Artha Makmur Abadi. Has
· Komisaris
p.78
unresolved
org
PT Trimegah Management
p.78
unresolved
org
Pengawas Pasar
p.79
unresolved
org
Fleming Asset Management Inc.
p.82
unresolved
org
PMA Investment Advisor Ltd.
p.82
unresolved
org
Hong Advisor Ltd.
p.82
unresolved
org
PT Trimegah Trimegah Asset Management
p.82
unresolved
org
PT Trimegah Asset Trimegah Asset Management.
p.82
unresolved
org
Dana Pensiun Pensiun Astra
p.84
unresolved
org
PT Budget Analyst
p.84
unresolved
org
Joined Tbk
p.84
unresolved
org
PT Adaro Andalan’s IDR
p.86 ×2
unresolved
org
PT Sarana Multigriya Financial (Persero)
p.86
unresolved
org
PT Bank Syariah Indonesia’s IDR
p.86 ×2
unresolved
org
Reksa Dana Terbaik Kategori Pendapatan Tetap
p.90 ×3
unresolved
org
Reksa Dana Terbaik Kategori Campuran
p.90
unresolved
org
Reksa Dana Terbaik Kategori Saham
p.90 ×4
unresolved
org
Bank Indonesia’s
p.95 ×2
unresolved
org
Reksa Dana I Hajj Syariah Fund
p.99 ×2
unresolved
org
Reksa Dana Balanced Fund Sucorinvest Anak Pintar
p.99
unresolved
org
Reksa Dana Insight Money Syariah
p.99 ×2
unresolved
org
Reksa Dana Insight Renewable Energy Fund
p.99 ×2
unresolved
org
Reksa Dana Trimegah Bakti Sri Kehati Likuid I Sri
p.100
unresolved
org
Reksa Dana Trimegah Bakti
p.100 ×3
unresolved
org
Reksa Dana Trimegah Bakti Ganesha Abadi Kelas A
p.100
unresolved
org
Reksa Dana Trimegah Bakti Ganesha Abadi Kelas B
p.100
unresolved
org
Reksa Dana Trimegah Sepak Ganesha Abadi Kelas C
p.100
unresolved
org
Reksa Dana Trimegah Sepak
p.100 ×2
unresolved
org
Reksa Dana Trimegah Sepak Bola Merah Putih Kelas A
p.100
unresolved
org
Reksa Dana Insight Trim Golf Bola Merah Putih Kelas
p.100
unresolved
org
Reksa Dana Insight Trim Golf
p.100
unresolved
org
Reksa Dana Pro Acceleration Fund I Golf Kelas A
p.100
unresolved
org
Kementerian Keuangan
p.101
unresolved
org
Ministry of Finance
p.101
unresolved
org
Yayasan Bakti Sepak Bola
p.103
unresolved
org
Yayasan Indonesia
p.103
unresolved
org
Yayasan Sepak Bola Indonesia
p.103
unresolved
org
PT Kustodian Sentral Efek
p.133
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.133
unresolved
org
PT Kliring
p.133 ×2
unresolved
org
KPEI
p.133 ×14
unresolved
org
Kliring Penjaminan Efek Indonesia
p.133 ×2
unresolved
org
Reksa Dana Various Mutual Funds
p.137
unresolved
org
Reksa Dana Mutual Funds Transaction Fee
p.137
unresolved
person
Diharini
· Notaris
p.156 ×2
unresolved
—
tahun buku 2025
· Kantor Akuntan Publik
p.159
unresolved
org
Kantor Jasa Penilai Publik Sugianto Prasodjo dan Rekan
p.163
unresolved
org
Kantor Jasa Penilai Publik Sugianto Prasodjo
p.163
unresolved
org
PT Trimegah Asset Management Discussion
p.163
unresolved
org
PT Trimegah Asset Management’s
p.163
unresolved
org
PT Tidak Setuju Trimegah Asset Reject Management
p.163
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