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Page 1
Resilient Today,
Ready for a Sustainable Future
Laporan Tahunan 2025 Annual Report 1
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Sanggahan dan Batasan
Tanggung Jawab
Disclaimer and Limits of Liability
Laporan Tahunan ini memuat pernyataan kondisi keuangan, This Annual Report contains statements of financial
hasil operasi, proyeksi, rencana, strategi, kebijakan, serta conditions, operating results, projections, plans,
tujuan Perseroan yang digolongkan sebagai pernyataan strategies, policies, and objectives of the Company, which
ke depan dalam pelaksanaan perundang-undangan yang are categorized as forward-looking statements in the
berlaku, kecuali hal yang bersifat historis. Pernyataan implementation of the applicable laws and regulations,
tersebut memiliki prospek risiko, ketidakpastian, serta except for historical matters. These statements are subject
dapat mengakibatkan perkembangan aktual secara to prospective risks, uncertainties, and may cause actual
material berbeda dari yang dilaporkan. results that differ materially from the reported results.
Pernyataan-pernyataan prospektif dalam Laporan Tahunan The prospective statements in this Annual Report are
ini dibuat berdasarkan berbagai asumsi mengenai kondisi prepared based on various assumptions about the latest
terkini dan kondisi mendatang serta lingkungan bisnis di conditions, future conditions, and business environment
mana Perseroan menjalankan kegiatan usaha. Pernyataan in which the Company performs its business activities.
yang terdapat di Laporan Tahunan ini bukan menjadi Statements included in this Annual Report do not guarantee
jaminan kinerja di masa yang akan datang, mengingat kinerja future performance, considering actual performance in the
aktual di masa depan dapat berbeda dengan pernyataan future may be different from the statements in this Annual
pada Laporan Tahunan ini karena dapat dipengaruhi oleh Report due to the influences from several factors beyond
beberapa faktor di luar kendali Perseroan. the Company’s control.
Laporan Tahunan Perseroan tahun buku 2025 ini diterbitkan This Company’s Annual Report for the 2025
sesuai dengan Peraturan Otoritas Jasa Keuangan (OJK) financial year is published in accordance
Nomor 29/POJK.04/2016 tentang Laporan Tahunan Emiten with Financial Services Authority (OJK)
atau Perusahaan Publik dan Surat Edaran OJK Nomor 16/ Regulation No. 29/POJK.04/2016 on Annual Reports of
SEOJK.04/2021 tentang Bentuk dan Isi Laporan Tahunan Issuers or Public Companies and OJK Circular No. 16/
Emiten atau Perusahaan Publik. SEOJK.04/2021 on Forms and Contents of Annual Reports
of Issuers or Public Companies.
Laporan Tahunan ini memuat kata “Indocement”, This Annual Report contains the words “Indocement” and
"Perusahaan" dan “Perseroan” yang didefinisikan sebagai “Company” defined as PT Indocement Tunggal Prakarsa Tbk.,
PT Indocement Tunggal Prakarsa Tbk., yang menjalankan which operates business activities in cement industry. The
kegiatan usaha di industri semen. Penyebutan satuan mata designation of the currency unit “Rupiah,” “Rp,” or “IDR”
uang “Rupiah”, “Rp”, atau “IDR” merujuk pada mata uang refers to the official currency of the Republic of Indonesia,
resmi Republik Indonesia, sedangkan “Dolar AS” atau “USD” while “US Dollar” or “USD” refers to the official currency
merujuk pada mata uang resmi Amerika Serikat. Semua of the United States. All financial information is presented
informasi keuangan disajikan dalam mata uang Rupiah. in Rupiah.
Pemberitahuan Tabel dan Grafik
Notice of Tables and Charts
Tabel dan grafik pada Laporan Tahunan ini memaparkan The tables and charts in this Annual Report present
data numerik dengan standar penulisan mengikuti kaidah numerical data, which are written by following the
bahasa Indonesia. Pemaparan numerik dalam teks Indonesian grammatical rules. The numerical presentation
menggunakan standar kaidah bahasa Indonesia dan bahasa in the text uses standards of Indonesian and English
Inggris sesuai konteks. grammatical rules according to its respective context.
2 Laporan Tahunan 2025 Annual Report
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Penjelasan Tema
Theme Explanation
Resilient Today,
Ready for a Sustainable Future
Tangguh Saat Ini, Siap Menyongsong Masa Depan Berkelanjutan
Industri semen menghadapi tantangan yang tidak Cement industry encountered significant challenges
ringan selama 2025. Permintaan terhadap produk in 2025. Demand for cement products declined due
semen mengalami penurunan akibat tekanan to economic pressures and changes in government
ekonomi dan perubahan kebijakan pemerintah, policy, causing competition to sharply increase.
sehingga membuat tingkat kompetisi meningkat Amidst such conditions, Indocement demonstrated
tajam. Di tengah kondisi tersebut, Indocement its resilience in adapting to market changes, managing
menunjukkan ketahanannya untuk beradaptasi supply chain challenges, increasing efficiency, and
terhadap perubahan pasar, mengelola tantangan maintaining solid performance through process
rantai pasok, meningkatkan efisiensi, serta innovation, product quality enhancement, and
mempertahankan kinerja yang solid melalui inovasi strong governance practices.
proses, peningkatan kualitas produk, dan penerapan
praktek tata kelola yang kuat.
Perseroan mempertegas posisinya sebagai The Company strengthens its position as a leader in
pemimpin di industri semen dengan menjadi pionir cement industry by pioneering digital transformation
dalam transformasi digital melalui implementasi through the implementation of Industry 4.0
konsep Industri 4.0. Transformasi ini bukan hanya concept. This transformation not only ushers in a
menghadirkan revolusi teknologi, tetapi juga technological revolution, however it also drives work
mengubah budaya kerja dan proses operasional culture and operational processes comprehensively
secara menyeluruh dengan mengintegrasikan by integrating Internet of Things (IoT), big data,
Internet of Things (IoT), data raya (big data), otomasi, automation, and intelligent systems into every stage
serta sistem cerdas dalam setiap tahapan produksi. of production.
Indocement memanfaatkan teknologi digital dari Indocement leverages digital technology from
hulu hingga hilir untuk meningkatkan efisiensi, upstream to downstream to improve efficiency,
produktivitas, dan ketepatan pengambilan productivity, and accurate decision-making.
keputusan. Selain itu, digitalisasi membantu Furthermore, digitalization helps the Company
Perseroan dalam mengoptimalkan pengelolaan optimize supply chain management, increase process
rantai pasok, meningkatkan transparansi proses, transparency, and strengthen its competitiveness in
serta memperkuat daya saing di pasar domestik dan domestic and global markets.
global.
Perseroan juga memimpin transformasi ekonomi The Company also leads circular economy
sirkular melalui inisiatif penggunaan bahan bakar dan transformation with initiatives to use alternative
bahan baku alternatif untuk semen rendah emisi. fuels and raw materials for low-emission cement.
Program ini tidak hanya mengurangi emisi karbon dan This program not only reduces carbon emissions and
ketergantungan sumber daya tak terbarukan, tetapi dependence on non-renewable resources but also
juga memberdayakan masyarakat melalui kemitraan empowers communities through partnerships with
dengan koperasi, BUMDes, dan pemerintah, sejalan cooperatives, BUMDes, and the government, in line
dengan agenda Net Zero Emissions serta prinsip with Net Zero Emissions agenda and Environmental,
Lingkungan, Sosial, dan Tata Kelola (LST). Social, and Governance (ESG) principles.
Laporan Tahunan 2025 Annual Report 3
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Kesinambungan Tema
Theme Continuity
GRO
WI
A N DN G ST
GRE RONG
ENE ER
Lapo
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202
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2024 New Way for New Future 2023 Growing Stronger and Greener
Di tengah kondisi ekonomi yang diwarnai Sejalan dengan Indocement New Purpose yaitu
ketidakpastian, Indocement fokus pada kekuatan Material to Build Our Future, Perseroan juga
yang dimiliki dan menjalankan program efisiensi di terus memperkuat komitmen keberlanjutannya
segala bidang. Indocement juga terus memperkuat dengan menciptakan operasional yang lebih
aspek tata kelola, termasuk penerapan prinsip ramah lingkungan. Perseroan telah mewujudkan
keberlanjutan. Perseroan menekankan pentingnya peningkatan penggunaan bahan baku alternatif
pengembangan usaha yang dilandasi prinsip dan bahan bakar alternatif dengan tujuan akhir
transparansi dan akuntabilitas, sehingga dapat mengurangi emisi karbon yang dihasilkan Perseroan
menjadi perusahaan yang berintegritas. Sedangkan dan menciptakan masa depan yang lebih hijau.
dari aspek keberlanjutan, Perseroan juga terus
meningkatkan penggunaan bahan bakar dan bahan In line with Indocement’s New Purpose: Material
baku alternatif yang sejalan dengan New Purpose to Build Our Future, the Company also continues
Perseroan, yaitu Material to Build Our Future. to strengthen its sustainability commitment by
creating more environmentally friendly operations.
Amidst economic uncertainty, Indocement focuses The Company has realized the increase in the use
on its strengths and implements efficient programs of alternative materials and alternative fuels with
across all areas. Indocement also continues to the ultimate goal of reducing the Company’s carbon
strengthen its governance, including by implementing emissions and creating a greener future.
sustainability principles. The Company emphasizes
the importance of business development based on
transparency and accountability principles, thus
establishing itself as a company with integrity.
From sustainability aspect, the Company continues
to increase the use of alternative fuels and raw
materials, in line with the Company’s New Purpose:
Material to Build Our Future.
4 Laporan Tahunan 2025 Annual Report
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2021
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2022 Laying Foundation for
a Greener Future 2021 Path to Growth and Excellence
Sejalan dengan upaya untuk meraih pertumbuhan Pandemi COVID-19 dan tingkat persaingan yang
usaha, Indocement terus memperkuat komitmen semakin ketat mengharuskan Indocement untuk
keberlanjutan Perseroan. Indocement New terus berinovasi dan melakukan efisiensi di
Purpose yaitu Material to Build Our Future yang berbagai bidang untuk dapat mempertahankan
diperkenalkan tahun lalu bukanlah sekedar slogan tingkat profitabilitasnya, salah satunya dengan
kosong. Perseroan melakukan berbagai upaya untuk pengembangan teknologi yang diterapkan di bidang
menciptakan operasional yang lebih “hijau” dan produksi dan juga pemasaran. Indocement juga
mendorong pemasaran produk yang berwawasan memperkuat komitmen keberlanjutannya dengan
lingkungan. berinvestasi dan mengembangkan produk-produk
yang ramah lingkungan, hal ini sejalan dengan tujuan
In line with the efforts to achieve business growth, Perseroan yaitu Material to Build Our Future.
Indocement continues to strengthen the Company’s
commitment to sustainability. Indocement’s The COVID-19 pandemic and the increasingly fierce
New Purpose, Material to Build Our Future, which competition require Indocement to keep innovating
was introduced last year, is not merely an empty and create efficiency in various fields to maintain
slogan. The Company carries out various efforts its profitability level, one of which is by technology
to create a greener operation and encourage an development applied in production and marketing.
environmentally-sound product marketing. Indocement also strengthens its commitment
to sustainability by investing and developing
environmentally friendly products: thus is in line
with the Company’s purpose, which is Material to
Build Our Future.
Laporan Tahunan 2025 Annual Report 5
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Kilas
Kinerja 2025
2025 Performance Highlights
29,1 %
18,8
Pangsa Pasar Penjualan
Market Share Semen
Domestik
(tetap menjadi pemimpin industri) Domestic Cement
Sales
(remains industry leader) juta ton | million tons
Pendapatan Neto Penjualan Segmen RMC
Net Revenues RMC Segment Sales
Rp
17,7 triliun | trillion
Rp
1,5 triliun | trillion
Laba Tahun Berjalan Penjualan Segmen Agregat
Profit for the Year Aggregate Segment Sales
12,7% margin
Rp
2.249
miliar | billion
Rp
252,3 miliar | billion
80,68% yoy
31,7 533
Total Aset Penjualan
Total Assets
Rp Klinker Ekspor
Export Clinker Sales
triliun | trillion juta ton | million tons
6 Laporan Tahunan 2025 Annual Report
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Pencapaian LST 2025
2025 ESG Achievements
Lingkungan
Environment
Total konsumsi bahan bakar alternatif Sepanjang 2025, Perseroan Emisi debu yang dihasilkan tahun 2025
telah mencapai 1.000.000 ton pada 2025. menanam 88.646 pohon. mencapai 14,6 mg/m3, di bawah target.
Total consumption of alternative fuels Throughout 2025, the Company Dust emissions generated in 2025
has reached 1,000,000 tons in 2025. planted 88,646 trees. reached 14.6 mg/m3, below the target.
Pemasangan fasilitas panel surya di pabrik berpotensi
Tingkat konsumsi bahan bakar alternatif
mengurangi CO2 hingga 96.000 ton per tahun.
2025 naik menjadi 29%.
The installation of solar panel facilities at the plant has
Alternative fuel consumption rate
the potential to reduce CO₂ emissions by up to 96,000
in 2025 increased to 29%.
tons per year.
Emisi CO2 yang dihasilkan pada 2025 telah Kapasitas pembangkit listrik tenaga surya
mencapai 512 kg per ton semen ekuivalen. yang terpasang mencapai 72 MWp.
CO2 emissions generated in 2025 reached The installed solar power generators
512 kg per ton cement equivalent. capacity reaches 72 MWp.
Sosial
Social
Perseroan terus melanjutkan Penerima manfaat program beasiswa perusahaan tercatat sebanyak 1.318 orang,
pembinaan sekolah Adiwiyata. yang terdiri dari anak karyawan dan masyarakat umum.
The Company continues to Beneficiaries of the Company’s scholarship program were recorded at 1,318 people,
mentor Adiwiyata schools. consisting of children of employees and members of the general public.
Sepanjang 2025, tercatat 28 mahasiswa dan 303 siswa
yang mengikuti program magang di Indocement. Jumlah desa mitra mencapai 29 desa.
Throughout 2025, 28 university students and 303 students The number of partner villages has
participated in internship programs at Indocement. reached 29 villages.
Kepatuhan
Compliance
Perseroan menyetujui penarikan kembali sebagian saham hasil pembelian Zero fatality di
kembali saham Perseroan yang dilaksanakan pada tahun 2021 dan 2022 operasional bisnis
dengan cara pengurangan modal ditempatkan dan disetor sebanyak semen.
165.628.900 saham, masing-masing saham bernilai nominal Rp500. Zero fatality in
The Company approved the withdrawal of a portion of the shares resulting cement operation.
from the Company's shares buyback conducted in 2021 and 2022 by
reducing the Company's issued and paid-up capital by 165,628,900 shares,
each with a nominal value of Rp500.
Perseroan secara konsisten Hingga akhir 2025, jumlah Pembelian Kembali Saham Perseroan
memberikan dividen mencapai 382.127.000 saham, dengan 165.628.900 saham telah dialihkan,
selama 5 tahun terakhir. sehingga jumlah saham treasury adalah 216.498.100 saham.
The Company consistently Until the end of 2025, the Company’s total Shares Buyback were
paid dividends over the 382,127,000 shares, of which 165,628,900 shares had been transferred,
past 5 years. resulting in a total treasury shares of 216,498,100 shares.
Laporan Tahunan 2025 Annual Report 7
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Daftar Isi
Table of Content
Sanggahan dan Batasan Tanggung Jawab Wilayah Operasi dan Jaringan Bisnis
Disclaimer and Limits of Liability
2 86
Operational Areas and Business Network
Penjelasan Tema Keanggotaan dalam Asosiasi
Theme Explanation
3 88
Membership of Associations
Kesinambungan Tema Struktur Organisasi
Theme Continuity
4 90
Organizational Structure
Kilas Kinerja 2025 Profil Dewan Komisaris
2025 Performance Highlights
6 92
Board of Commissioners’ Profile
Pencapaian LST 2025 Profil Direksi
2025 ESG Achievements
7 100
Board of Directors’ Profile
Daftar Isi Perubahan Komposisi Dewan Komisaris dan Direksi
Table of Content
8
Setelah Tahun Buku Berakhir
Changes in the Composition of the Board of 107
Commissioners and Board of Directors After the End
of the Financial Year
Ikhtisar Kinerja 2025
Struktur dan Komposisi Pemegang Saham
2025 Performance Highlights Shareholders Structure and Composition
108
Ikhtisar Keuangan dan Operasional Entitas Anak dan Entitas Asosiasi
Financial and Operational Highlights
12 111
Subsidiaries and Associated Entities
Ikhtisar Operasional Struktur Grup Perusahaan
Operational Highlights
15 116
Corporate Group Structure
Ikhtisar Saham Kronologi Penerbitan dan/atau Pencatatan Saham
Share Highlights
16 118
Chronology of Share Issuance and/or Listing
Ikhtisar Efek Lainnya Kronologi Penerbitan dan/atau Pencatatan Efek
Other Securities Highlights
18
Lainnya 120
Chronology of Other Securities Issuance and/or Listing
Penghargaan dan Sertifikasi
Awards and Certifications
19
Akuntan Publik dan Kantor Akuntan Publik
Public Accountant and Public Accounting Firm
120
Peristiwa Penting 2025
Significant Events in 2025
30
Lembaga dan/atau Profesi Penunjang
Supporting Institutions and/or Professions
123
Informasi Pada Situs Web Perusahaan
124
Laporan Manajemen Information on the Company’s Website
Management Report Sumber Daya Manusia
Human Capital
126
Laporan Dewan Komisaris
Report of the Board of Commissioners
36 Teknologi Informasi
Information Technology
138
Laporan Direksi
Report of the Board of Directors
48
Analisis dan
Profil Perusahaan Pembahasan Manajemen
Company Profile Management Discussion and Analysis
Identitas Perusahaan Tinjauan Ekonomi dan Industri
68 Economic and Industrial Overview
144
Corporate Identity
Riwayat Singkat Perusahaan Tinjauan Operasional
70 Operational Overview
148
Company Brief History
Jejak Langkah Tinjauan per Segmen Usaha
72 Overview by Business Segment
153
Milestones
Visi, Misi, Budaya, dan Slogan Perusahaan Tinjauan Keuangan
78 Financial Overview
163
Vision, Mission, Culture, and Slogan of the Company
Bidang Usaha
Line of Business
81
8 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan Sanksi Administratif
Administrative Sanctions
373
Corporate Governance
Akses Informasi dan Data Perusahaan
Access to Company’s Information and Data
374
Pencapaian Tata Kelola Perusahaan
Corporate Governance Achievements
198
Pedoman Etika Indocement
Indocement Code of Conduct
378
Komitmen Penerapan Tata Kelola Perusahaan
Commitment to Implementing Corporate Governance
198
Kebijakan Antikorupsi dan Gratifikasi
Anti-Corruption and Gratification Policies
360
Struktur dan Mekanisme Tata Kelola Perusahaan
Structure and Mechanism of Corporate Governance
203
Kebijakan Mengenai Transaksi Berdasarkan Informasi
Rapat Umum Pemegang Saham Orang Dalam
206 Policy Regarding Transactions Based on Insider
384
General Meeting of Shareholders
Information
Dewan Komisaris
Board of Commissioners
225 Sistem Whistleblowing
Whistleblowing System
385
Komisaris Independen
Independent Commissioners
227 Pembelian/Penjualan Saham Dewan Komisaris dan
Direksi
Direksi Purchase/Sale of Board of Commissioners and Board
388
Board of Directors
241
of Directors' Shares
Independensi dan Transparansi Dewan Komisaris dan Pengungkapan Aspek Lainnya
Direksi Disclosure of Other Aspects
390
Independence and Transparency of Board of
258
Commissioners and Board of Directors Penilaian Penerapan GCG
Assessment of GCG Implementation
392
Penilaian Kinerja Dewan Komisaris dan Direksi
Performance Assessment of Board of Commissioners 274 Penerapan Aspek dan Prinsip Tata Kelola Perusahaan
and Board of Directors Sesuai Ketentuan Otoritas Jasa Keuangan
Implementation of Corporate Governance Aspects 393
Nominasi dan Remunerasi Dewan Komisaris dan and Principles Accordance with Financial Services
Direksi Authority Provisions
Nomination and Remuneration of Board of
283
Commissioners and Board of Directors Praktik Transparansi Bad Governance Corporate
Bad Corporate Governance Transparency Practices
401
Organ Pendukung Dewan Komisaris
Board of Commissioners' Supporting Organs
288
Komite Audit
Audit Committee
288 Tanggung Jawab
Sosial Perusahaan
Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee
299 Corporate Social Responsibility
Komite Lainnya Tanggung Jawab Sosial dan Lingkungan
306 Corporate Social Responsibility
404
Other Committees
Organ Pendukung Direksi Surat Pernyataan Anggota Dewan Komisaris
Board of Directors' Supporting Organs
318 Tentang Tanggung Jawab Atas Laporan Tahunan 2025
PT Indocement Tunggal Prakarsa Tbk.
Komite Keselamatan Statement of Members of Board of Commissioners on
412
Safety Committee
319
the Responsibility for the 2025 Annual Report of
PT Indocement Tunggal Prakarsa Tbk.
Komite Etika
Ethics Committee
322
Surat Pernyataan Anggota Direksi
Tentang Tanggung Jawab Atas Laporan Tahunan 2025
Komite ESG
327 PT Indocement Tunggal Prakarsa Tbk.
ESG Committee
Statement of Members of Board of Directors on the
413
Komite Hak Asasi Manusia (HAM) Responsibility For the 2025 Annual Report of
Human Rights Committee
334 PT Indocement Tunggal Prakarsa Tbk.
Sekretaris Perusahaan
Corporate Secretary
341
Hubungan Investor
Laporan Keuangan
Investor Relations
350 Financial Report
Audit Internal Laporan Keuangan
Internal Audit
353 416
Financial Report
Manajemen Risiko Cross-Reference dengan Surat Edaran OJK No. 16/
Risk Management
360
SEOJK.04/2021 Tentang Bentuk dan Isi Laporan
Tahunan Emiten atau Perusahaan Publik
Sistem Pengendalian Internal Cross-Reference with FSA Circular No. 16/
523
Internal Control System
368
SEOJK.04/2021 on the Form and Contents of Annual
Perkara Hukum Report of Issuers or Public Companies
Legal Cases
373
Laporan Tahunan 2025 Annual Report 9
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Ikhtisar Kinerja 2025 2025 Performance Highlights 01 Bab | Chapter 10 Laporan Tahunan 2025 Annual Report
Page 11
Laporan Tahunan 2025 Annual Report Laporan Tahunan 2025 Annual Report 11
Page 12
Ikhtisar Keuangan dan Operasional
Financial and Operational Highlights
Posisi Keuangan Konsolidasian dalam miliaran Rupiah
Consolidated Financial Position in billions of Rupiah
Uraian
2025 2024 2023 2022 2021
Description
Aset Lancar 11.215 10.389 9.228 10.312 11.337
Current Assets
Aset Tidak Lancar 20.510 20.031 20.422 15.394 14.799
Non-Current Assets
Jumlah Aset 31.725 30.420 29.650 25.706 26.136
Total Assets
Liabilitas Jangka Pendek 6.104 7.175 7.368 4.822 4.647
Current Liabilities
Liabilitas Jangka Panjang 2.418 1.131 1.312 1.317 869
Non-Current Liabilities
Jumlah Liabilitas 8.522 8.306 8.680 6.139 5.515
Total Liabilities
Jumlah Ekuitas 23.203 22.114 20.970 19.567 20.621
Total Equity
Investasi pada Entitas Asosiasi 580 261 195 177 135
Investments in Associates
Modal Kerja Bersih 6.533 5.547 4.276 5.844 6.852
Net Working Capital
Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian dalam miliaran Rupiah
Consolidated Profit or Loss and Other Comprehensive Income in billions of Rupiah
Uraian
2025 2024 2023 2022 2021
Description
Pendapatan Neto 17.731 18.549 17.950 16.328 14.772
Net Revenues
Beban Pokok Pendapatan 11.961 12.488 12.103 11.185 9.646
Cost of Revenues
Laba Bruto 5.770 6.061 5.847 5.143 5.126
Gross Profit
Laba Tahun Berjalan yang Dapat Diatribusikan kepada 2.249 2.008 1.950 1.842 1.788
Pemilik Entitas Induk
Profit for the Year Attributable to Owners of the Parent
Laba Tahun Berjalan yang Dapat Diatribusikan kepada 0 0 0 0 0
Kepentingan Nonpengendali
Profit for the Year Attributable to Non-controlling Interests
Laba Tahun Berjalan 2.249 2.008 1.950 1.842 1.788
Profit for the Year
Jumlah Penghasilan Komprehensif Tahun Berjalan yang 2.248 2.020 1.952 1.842 1.873
Dapat Diatribusikan kepada Pemilik Entitas Induk
Total Comprehensive Income for the Year Attributable to
Owners of the Parent Entity
Jumlah Penghasilan Komprehensif Tahun Berjalan yang 0 0 0 0 0
Dapat Diatribusikan kepada Kepentingan Nonpengendali
Total Comprehensive Income for the Year Attributable to
Non-controlling Interests
Jumlah Penghasilan Komprehensif Tahun Berjalan 2.248 2.020 1.952 1.842 1.873
Total Comprehensive Income for the Year
Laba per Saham Dasar dan Dilusian (dalam Rupiah penuh) 674,50 591,49 568,41 529,44 486,79
Basic and Diluted Earnings per Share (in full Rupiah)
12 Laporan Tahunan 2025 Annual Report
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Ikhtisar Kinerja 2025
2025 Performance Highlights
Arus Kas Konsolidasian dalam miliaran Rupiah
Consolidated Cash Flows in billions of Rupiah
Uraian
2025 2024 2023 2022 2021
Description
Arus Kas Bersih Diperoleh dari Aktivitas Operasi 3.808 3.351 3.485 2.402 2.607
Net Cash Flows Provided from Operating Activities
Arus Kas Bersih Digunakan untuk Aktivitas Investasi (608) (467) (1.717) (874) (558)
Net Cash Flows Used in Investing Activities
Arus Kas Bersih Digunakan untuk Aktivitas Pendanaan (1.832) (1.588) (3.095) (3.240) (3.604)
Net Cash Flows Used in Financing Activities
Kenaikan/(Penurunan) Bersih Kas dan Setara Kas 1.368 1.296 (1.326) (1.712) (1.555)
Net Increase/(Decrease) in Cash and Cash Equivalents
Pengaruh Bersih Perubahan Kurs pada Kas dan Setara Kas 8 15 (14) 96 (1)
Net Effect of Exchange Rate Changes on Cash and Cash
Equivalents
Kas dan Setara Kas Awal Tahun 4.497 3.185 4.526 6.141 7.698
Cash and Cash Equivalents at Beginning of Year
Kas dan Setara Kas Akhir Tahun 5.873 4.497 3.185 4.526 6.141
Cash and Cash Equivalents at End of Year
Rasio Keuangan Penting
Significant Financial Ratios
Uraian
2025 2024 2023 2022 2021
Description
Imbal Hasil atas Aset* 7,2% 6,7% 7,0% 7,1% 6,7%
Return on Assets (ROA)*
Imbal Hasil atas Ekuitas* 9,9% 9,3% 9,6% 9,2% 8,4%
Return on Equity (ROE)*
Imbal Hasil atas Pendapatan* 12,7% 10,8% 10,9% 11,3% 12,1%
Return on Revenue (ROR)*
Rasio Lancar 1,84x 1,45x 1,25x 2,14x 2,44x
Current Ratio
Liabilitas terhadap Ekuitas** 0,37x 0,38x 0,41x 0,31x 0,27x
Debt to Equity (DER)**
Liabilitas terhadap Jumlah Aset*** 0,27x 0,27x 0,29x 0,24x 0,21x
Debt to Assets (DAR)***
*)
Laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk.
**)
Jumlah liabilitas yang mengandung bunga dan ekuitas yang dapat diatribusikan kepada pemilik entitas induk.
***)
Jumlah liabilitas yang mengandung bunga.
*)
Profit for the year attributable to owners of the parent entity.
**)
Total interest-bearing liabilities and equity attributable to owners of the parent entity.
***)
Total interest-bearing liabilities.
Laporan Tahunan 2025 Annual Report 13
Page 14
Jumlah Aset dalam miliaran Rupiah Jumlah Liabilitas dalam miliaran Rupiah
Total Assets in billions of Rupiah Total Liabilities in billions of Rupiah
31.725 30.420 8.680
8.522 8.306
29.650
6.139
5.515
25.706 26.136
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Jumlah Ekuitas dalam miliaran Rupiah Pendapatan Neto dalam miliaran Rupiah
Total Equity in billions of Rupiah Net Revenues in billions of Rupiah
23.203
22.114 18.549 17.950
17.731 16.328
14.772
20.970
20.621
19.567
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Laba Bruto dalam miliaran Rupiah Laba Tahun Berjalan dalam miliaran Rupiah
Gross Profit in billions of Rupiah Profit for the Year in billions of Rupiah
2.249
2.008
6.061 1.950
5.770 5.847
1.842
5.143 5.126 1.788
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Pengeluaran Barang Modal dalam miliaran Rupiah Modal Kerja Bersih dalam miliaran Rupiah
Capital Expenditure in billions of Rupiah Net Working Capital in billions of Rupiah
1.775 1.807 6.852
6.533
5.547 5.844
1.134 4.276
997 947
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
14 Laporan Tahunan 2025 Annual Report
Page 15
Ikhtisar Kinerja 2025
2025 Performance Highlights
Ikhtisar Operasional
Operational Highlights
Pendapatan Segmen dalam miliaran Rupiah
Segment Revenues in billions of Rupiah
Uraian
2025 2024 2023 2022 2021
Description
Semen* 16.834 17.449 16.978 15.415 13.987
Cement*
Beton Siap-Pakai* 1.518 1.789 1.571 1.445 1.069
Ready-Mix Concrete*
Agregat* 252 252 242 210 150
Aggregate*
*) Sebelum eliminasi penjualan antar segmen
*) Before elimination inter-segment sales
Produksi Semen dalam jutaan ton Produksi Agregat dalam jutaan ton
Cement Production in millions of tons Aggregate Production in millions of tons
19,6 2,2 2,3 2,3
2,1
18,5
18,0 1,6
16,6 16,8
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Produksi Beton Siap-Pakai dalam jutaan ton Tren Pendapatan dalam %
Ready-Mix Concrete Production in millions of tons Penjualan Keseluruhan in %
Overall Sales Revenue Trends
10 11
1,9 1,8 1,8
1,5 1,5
4
3
-4
2025 2024 2023 2022 2021 2025 2024 2023 2022 2021
Laporan Tahunan 2025 Annual Report 15
Page 16
Ikhtisar Saham
Share Highlights
Informasi Perdagangan Saham
Information on Share Trading
Tabel Harga, Volume, dan Kapitalisasi Saham Indocement 2024–2025
Table of Indocement’s Share Price, Volume, and Capitalization in 2024–2025
Harga Saham Volume Jumlah Saham
Share Price Perdagangan di Beredar Jumlah Saham
Pasar Reguler (saham) Tercatat Kapitalisasi Pasar
Periode 2025
(saham) Total (saham) Market
2025 Period
Tertinggi Terendah Penutupan Trading Volume Outstanding Total Listed Capitalization
Highest Lowest Closing in Regular Shares Shares (shares)
Market (shares) (shares)
Triwulan I 7.425 4.290 5.200 168.904.900 3.349.973.899 3.681.231.699 19.142.404.834.800
Quarter I
Triwulan II 5.900 4.470 5.325 204.813.000 3.349.973.899 3.681.231.699 19.602.558.797.175
Quarter II
Triwulan III 7.250 5.075 6.525 162.070.400 3.309.756.099 3.515.602.799 22.939.308.263.475
Quarter III
Triwulan IV 7.475 5.800 7.475 89.916.300 3.305.110.399 3.515.602.799 26.279.130.922.525
Quarter IV
Harga Saham Volume
Jumlah Saham
Share Price Perdagangan di Jumlah Saham
Beredar
Pasar Reguler Tercatat Kapitalisasi Pasar
Periode 2024 (saham)
(saham) (saham) Market
2024 Period Total
Tertinggi Terendah Penutupan Trading Volume Outstanding
Total Listed Capitalization
Highest Lowest Closing in Regular Shares (shares)
Shares (shares)
Market (shares)
Triwulan I 9.500 8.500 8.750 109.255.700 3.431.073.399 3.681.231.699 32.210.777.366.250
Quarter I
Triwulan II 8.925 6.275 7.250 237.746.800 3.388.548.299 3.681.231.699 26.688.929.817.750
Quarter II
Triwulan III 7.950 6.750 6.800 154.670.000 3.362.438.499 3.681.231.699 25.032.375.553.200
Quarter III
Triwulan IV 7.950 6.675 7.400 98.867.200 3.349.973.899 3.681.231.699 27.241.114.572.600
Quarter IV
16 Laporan Tahunan 2025 Annual Report
Page 17
Ikhtisar Kinerja 2025
2025 Performance Highlights
Grafik Perdagangan Saham
Share Trading Chart
Grafik Harga Saham dan Volume Transaksi
Chart of Share Price and Transaction Volume
Saham | Share Rupiah/Saham | Rupiah/Share
12.000.000 8.000
7.000
10.000.000
6.000
8.000.000
5.000
6.000.000 4.000
3.000
4.000.000
2.000
2.000.000
1.000
0 0
Jan Feb Mar Apr Mei Jun Jul Agt Sep Okt Nov Des
Volume Perdagangan | Trading Volume (L) Harga Penutupan | Closing Price (R)
Grafik Kapitalisasi Pasar Saham Indocement
Indocement Market Share Capitalization Chart
Rupiah
70.000.000.000.000
60.000.000.000.000
50.000.000.000.000
40.000.000.000.000
30.000.000.000.000
20.000.000.000.000
10.000.000.000.000
0
Jan Feb Mar Apr Mei Jun Jul Agt Sep Okt Nov Des
Kapitalisasi Pasar | Market Capitalization
Sanksi Perdagangan Saham Share Trading Sanctions
Selama 2025, tidak terjadi penghentian sementara Throughout 2025, there was no temporary suspension
perdagangan saham dan/atau penghapusan of share trading nor delisting of Indocement shares.
pencatatan saham atas saham Indocement.
Laporan Tahunan 2025 Annual Report 17
Page 18
Aksi Korporasi Corporate Actions Rapat Umum Pemegang Saham Luar Biasa (RUPS Luar The Extraordinary General Meeting of Shareholders Biasa) yang diadakan pada 21 Mei 2025, menyetujui (Extraordinary GMS), held on 21 May 2025, approved penarikan kembali sebagian saham hasil pembelian the withdrawal of a portion of the shares resulting kembali saham Perseroan yang dilaksanakan pada from the Company’s share buybacks conducted in tahun 2021 dan 2022 dengan cara pengurangan 2021 and 2022 by reducing the Company’s issued modal ditempatkan dan disetor Perseroan sebanyak and paid-up capital by 165,628,900 shares, each 165.628.900 saham, masing-masing saham bernilai with a nominal value of Rp500. The withdrawal of a nominal Rp500. Penarikan kembali sebagian saham portion of the shares resulting from the Company’s hasil pembelian kembali saham Perseroan tersebut share buybacks is to fulfill the Company’s obligation adalah untuk memenuhi kewajiban Perseroan dalam to transfer the shares resulting from the Company’s melakukan pengalihan saham hasil pembelian share buyback. kembali saham Perseroan. RUPS Luar Biasa Perseroan juga menyetujui The Company’s Extraordinary GMS also approved pengurangan modal ditempatkan serta modal disetor the reduction of the Company’s issued and paid- Perseroan yang semula berjumlah Rp1.840.615.849.500 up capital, from Rp1,840,615,849,500, divided into terbagi atas 3.681.231.699 saham dengan nominal 3,681,231,699 shares at a value of Rp500 per share, Rp500 per saham diturunkan menjadi sebesar to Rp1,757,801,399,500, divided into 3,515,602,799 Rp1.757.801.399.500 terbagi atas 3.515.602.799 shares at a par value of Rp500 per share. In dengan nilai Rp500 per saham. Sehubungan dengan connection with the reduction in issued and paid-up pengurangan modal ditempatkan dan disetor capital, the Company amended Article 4 paragraph 2 tersebut, Perseroan melakukan perubahan atas Pasal of the Company’s Articles of Association. 4 ayat 2 Anggaran Dasar Perseroan. Pada 2025, Perseroan juga melakukan pembelian In 2025, the Company also conducted share buyback kembali saham Perseroan dengan periode with a purchase period from 22 May 2025 to 21 May pembelian sejak 22 Mei 2025 sampai dengan 21 Mei 2026 with a maximum cost of Rp2,250,000,000,000, 2026, dengan biaya pembelian sebanyak-banyaknya funded by the Company’s internal cash. Rp2.250.000.000.000, yang berasal dari kas internal Perseroan. Selanjutnya, RUPS Tahunan Perseroan juga Furthermore, the Company’s Annual GMS also memutuskan untuk membagikan dividen tunai yang resolved to distribute cash dividends derived from berasal dari laba bersih tahun berjalan tahun buku the net profit for the year of the 2024 financial year 2024 yang dapat diatribusikan kepada pemilik entitas attributable to owners of the Company’s parent induk Perseroan sebesar Rp867.643.239.841 atau entity, amounting to Rp867,643,239,841 or Rp259 Rp259 per saham. Dividen tunai telah dibayarkan per share. The cash dividend was paid on 20 June pada 20 Juni 2025. 2025. Ikhtisar Efek Lainnya Other Securities Highlights Hingga akhir 2025, Perseroan tidak memiliki efek Until the end of 2025, the Company did not have lainnya berupa obligasi, sukuk atau obligasi konversi any other securities in the forms of bonds, sukuk, yang masih diperdagangkan di Bursa Efek Indonesia or convertible bonds that were traded on Indonesia atau bursa mana pun, sehingga tidak terdapat Stock Exchange nor any other stock exchange. laporan mengenai ikhtisar efek lainnya yang dapat Therefore, there is no information on other securities disampaikan pada Laporan Tahunan ini. highlights to be reported in this Annual Report. 18 Laporan Tahunan 2025 Annual Report
Page 19
Ikhtisar Kinerja 2025
2025 Performance Highlights
Penghargaan
dan Sertifikasi
Awards and Certifications
Laporan Tahunan 2025 Annual Report 19
Page 20
Penghargaan Awards
Nama Penghargaan Tanggal Lembaga yang Memberikan
No.
Award Name Date Awarding Institution
1. PROPER Emas dan PROPER Hijau 24 Februari 2025 Kementerian Lingkungan Hidup
Gold PROPER and Green PROPER 24 February 2025 Republik Indonesia
Ministry of Environment of the
Republic of Indonesia
2. PR Indonesia Awards Kategori Gold dan Silver 26 Februari 2025 PR Indonesia
PR Indonesia Awards, Gold and Silver Categories 26 February 2025
3. Indonesia Best 50 CEO Awards: Christian Kartawijaya 18 Maret 2025 The Iconomics
Indonesia Best 50 CEO Awards: Christian Kartawijaya 18 March 2025
4. Indonesia Best Companies in HSE Implementation 2025 19 Maret 2025 Majalah SWA
predikat Excellence 19 March 2025 SWA Magazine
Indonesia Best Companies in HSE Implementation 2025,
Excellence predicate
5. The Best Corporate Emission Reduction Transparency 29 April 2025 Investortrust
Awards 2025 kategori Diamond
The Best Corporate Emission Reduction Transparency
Awards 2025, Diamond category
6. Bina Mitra UMKM Awards 2025: Perusahaan Pembina UMKM 15 Mei 2025 Corporate Forum for CSR
kategori Gold 15 May 2025 Development (CFCD) Foundation
Bina Mitra UMKM Awards 2025: MSME Mentor Company,
Gold Category
7. Forum CSR Jawa Barat 2025 3 Juni 2025 Pemerintah Provinsi Jawa Barat
• 1st Poverty Alleviation Awards 3 June 2025 West Java Provincial Government
• 3rd Farmer Regeneration Awards
West Java CSR Forum 2025
• 1st Poverty Alleviation Awards
• 3rd Farmer Regeneration Awards
8. Peran Aktif dalam Mendukung Pengelolaan dan 5 Juni 2025 Pemerintah Daerah Kabupaten
Pengendalian Kerusakan Lingkungan Hidup (CSR Bidang 5 June 2025 Kotabaru
Lingkungan Hidup) Kotabaru Regency Government
Active Role in Supporting Environmental Damage
Management and Control (Environmental CSR)
9. TOP CSR Awards 2025 11 Juni 2025 TopBusiness
• Top Leader on CSR Commitment 2025 untuk Christian 11 June 2025
Kartawijaya, Direktur Utama Indocement
• Top CSR 2025-Predikat Star 5 (Excellence)
• Platinum Star Trophy-Pemenang TOP CSR Awards Predikat
Star 5 selama 5 tahun berturut-turut
TOP CSR Awards 2025
• Top Leader on CSR Commitment 2025 for Christian
Kartawijaya, President Director of Indocement
• Top CSR 2025-5-Star (Excellence) Predicate
• Platinum Star Trophy-Winner of the TOP CSR Awards with
a 5-Star Predicate for 5 consecutive years
10. Indonesia Best Employee Engagement Award 2025 dengan 10 Juli 2025 Majalah SWA dan Business Digest
predikat Very Good 10 July 2025 SWA Magazine and Business Digest
Indonesia Best Employee Engagement Award 2025 with Very
Good predicate
11. Circular Economy & Sustainability Awards (CESA) 2025 18 Juli 2025 Corporate Forum for CSR
– peringkat Platinum untuk Program Circular Energy 18 July 2025 Development (CFCD) Foundation
Transformation
Circular Economy & Sustainability Awards (CESA) 2025 –
Platinum rating for Circular Energy Transformation Program
12. Perempuan Berbakti 2025 – peringkat Platinum untuk 18 Juli 2025 Corporate Forum for CSR
program Indocement Peduli Sehat 18 July 2025 Development (CFCD) Foundation
Devoted Women 2025 – Platinum rating for Indocement
Peduli Sehat program
20 Laporan Tahunan 2025 Annual Report
Page 21
Ikhtisar Kinerja 2025
2025 Performance Highlights
Nama Penghargaan Tanggal Lembaga yang Memberikan
No.
Award Name Date Awarding Institution
13. Corporate Social Responsibility & Pengembangan Desa 31 Juli 2025 Kementerian Desa, Pembangunan
Berkelanjutan (CSR & PDB) Awards 2025 31 July 2025 Daerah Tertinggal, dan Transmigrasi
• Penghargaan Gold untuk Program Jangkrik BOS (Jangkrik dan Indonesian Social Sustainability
Bisa membuat Orang Sukses) Forum (ISSF)
• Penghargaan Silver untuk program Palimanan Merdeka Ministry of Villages, Development
dan Lestari (Pengolahan Limbah Menjadi Energi Melalui of Disadvantaged Regions, and
Pemberdayaan Masyarakat dan Pelestarian Lingkungan) Transmigration and Indonesian Social
Corporate Social Responsibility & Village Development Sustainability Forum (ISSF)
Sustainable Development (CSR & PDB) Awards 2025
• Gold Award for Jangkrik BOS (Crickets Can Make People
Successful) Program
• Silver Award for Palimanan Merdeka dan Lestari (Waste-
to-Energy Processing through Community Empowerment
and Environmental Conservation) program
14. 6th PR Popular Companies Awards 2025 untuk kategori 8 Agustus 2025 The Iconomics
Building Material 8 August 2025
6th PR Popular Companies Awards 2025 for Building Material
category
15. Best Energy Consumption dalam acara Enterprise Customer 9 Agustus 2025 Perusahaan Listrik Negara (PLN)
Gathering 2025 9 August 2025 Indonesia National Grid (PLN)
Best Energy Consumption at the 2025 Enterprise Customer
Gathering
16. Eco-Tech Pioneer and Sustainability (EPSA) Award 31 Agustus 2025 Departemen Teknik Lingkungan,
• Kompleks Pabrik Citeureup 31 August 2025 Universitas Diponegoro
» Silver Award kategori Eco-Hazard Innovation Department of Environmental
» Bronze Awards kategori Ecosystem Protection Engineering, Universitas Diponegoro
• Kompleks Pabrik Cirebon
» Gold Award kategori Low Carbon Innovation
» Silver Award kategori Green Power Innovation
» Silver Award kategori Ecosystem Protection
• Kompleks Pabrik Tarjun
» Silver Award kategori Eco-Hazard Innovation
» Bronze Awards kategori Community Development
Eco-Tech Pioneer and Sustainability (EPSA) Award
• Citeureup Factory
» Silver Award in Eco-Hazard Innovation category
» Bronze Awards in Ecosystem Protection category
• Cirebon Factory
» Gold Award in Low Carbon Innovation category
» Silver Award in Green Power Innovation category
» Silver Award in Ecosystem Protection category
• Tarjun Factory
» Silver Award in Eco-Hazard Innovation category
» Bronze Awards in Community Development category
17. Indonesia Green & Sustainable Company Award (IGSCA) 10 September 2025 Majalah SWA dan Swanetwork
2025 predikat Excellent untuk kategori Best Innovation in SWA Magazine and Swanetwork
Circular Economy Implementation
Indonesia Green & Sustainable Company Award (IGSCA)
2025: Excellent predicate for Best Innovation in Circular
Economy Implementation
18. Fortune Indonesia 100 Posisi ke-65 12 September 2025 Fortune Indonesia
Fortune Indonesia 100, 65th Place
19. IICD Corporate Governance Awards Kategori Top 50 Emiten 15 September 2025 Indonesian Institute for Corporate
Besar Directorship (IICD)
IICD Corporate Governance Awards, Top 50 Largest Issuers
20. Environmental and Social Innovation Award (ENSIA) 2025 16 September 2025 PT Sucofindo
• Penghargaan Platinum untuk Topik Inovasi Pengelolaan
Sampah
• Penghargaan Silver untuk Topik Inovasi Pengurangan
Limbah B3
Environmental and Social Innovation Award (ENSIA) 2025
• Platinum Award for Waste Management Innovation
• Silver Award for Hazardous Waste Reduction Innovation
Laporan Tahunan 2025 Annual Report 21
Page 22
Nama Penghargaan Tanggal Lembaga yang Memberikan
No.
Award Name Date Awarding Institution
21. TOP Brand Awards 22 September 2025 Frontier bekerja sama dengan Majalah
• Semen Tiga Roda Kategori Semen Marketing
• Produk Mortar Kategori Mortar Frontier in collaboration with
• Produk Semen Putih Tiga Roda Kategori Semen Putih Marketing Magazine
TOP Brand Awards
• Semen Tiga Roda, Cement Category
• Mortar Products, Mortar Category
• Semen Putih Tiga Roda, White Cement Category
22. Bisnis Indonesia Corporate Social Responsibility Awards 30 September 2025 Bisnis Indonesia Group
(BISRA) 2025 - Platinum Champion lewat Program Jangkrik
BOS
Bisnis Indonesia Corporate Social Responsibility Awards
(BISRA) 2025 - Platinum Champion with Jangkrik BOS
Program
23. Piagam Penghargaan Museum Rekor-Dunia Indonesia: 16 Oktober 2025 Museum Rekor Dunia Indonesia (MURI)
Pelatihan Digitalisasi UMKM Secara Serentak oleh Peserta 16 October 2025 Indonesian World Record Museum
Terbanyak pada Tingkat Kabupaten (MURI)
Indonesian World Record Museum Award: Simultaneous
MSME Digitalization Training with the Most Participants at
Regency Level
24. ASEAN Mineral Awards 2025 kategori Praktik Terbaik dalam 27 Oktober 2025 ASEAN
Distribusi Mineral Non-Logam 27 October 2025
ASEAN Mineral Awards 2025 for the Best Practices category
in Non-Metallic Mineral Distribution
25. Anugerah BAPETEN 2025 sebagai Perusahaan dengan 27 Oktober 2025 Badan Pengawas Tenaga Nuklir
Performa Sangat Baik dalam Aspek Keselamatan Radiasi dan 27 October 2025 (BAPETEN)
Keamanan Sumber Radioaktif Nuclear Energy Regulatory Agency
BAPETEN Award 2025 for Excellent Performance in (BAPETEN)
Radiation Safety and Radioactive Source Security
26. Indonesia Best Employer Brand Awards 2025 3 November 2025 Employer Branding Institute, World
HRD Congress dan Stars of the
Industry Group
Employer Branding Institute, World
HRD Congress, and Stars of the
Industry Group
27. Penghargaan Laporan Kegiatan Penanaman Modal (LKPM) 4 November 2025 Pemerintah Kabupaten Cirebon
Tahun 2025 Cirebon Regency Government
Investment Activity Report Award (LKPM) 2025
28. Best Social Business Innovation Awards 2025 13 November 2025 The Iconomics
29. Best Green CEO Awards 2025: Christian Kartawijaya 13 November 2025 The Iconomics
30. Anugerah Pajak dan Retribusi Daerah Kabupaten Bogor: 26 November 2025 Pemerintah Kabupaten Bogor
Wajib Pajak Terbaik-Pajak Mineral Bukan Logam dan Batuan Bogor Regency Government
Bogor Regency Tax and Retribution Award: Best Taxpayer -
Non-Metallic Minerals and Rocks Tax
31. TOP CEO Awards 2025: The Visionary Leader of Future 4 Desember 2025 IDN Finance dan Metro TV
Sustainable Materials 4 December 2025
32. Indonesia Best Company in Creating Leaders from Within 10 Desember 2025 Majalah SWA dan NBO
2025 10 December 2025 SWA Magazine and NBO
33. Indonesia Best Corporate Secretary Awards 2025 17 Desember 2025 The Iconomics
17 December 2025
34. Indonesia Top Good Corporate Governance (GCG) Awards 17 Desember 2025 The Iconomics
2025 17 December 2025
35. Indonesian CSR Awards (ICA) 2025 peringkat Platinum 17 Desember 2025 CFCD
Indonesian CSR Awards (ICA) 2025 Platinum ranking 17 December 2025
36. Indonesian SDGs Awards (ISDA) 2025 peringkat Platinum 17 Desember 2025 CFCD
Indonesian SDGs Awards (ISDA) 2025 Platinum ranking 17 December 2025
22 Laporan Tahunan 2025 Annual Report
Page 23
Ikhtisar Kinerja 2025
2025 Performance Highlights
Sertifikasi Produk
Product Certification
Tahun
Jenis
Perolehan
Semen Merek Nomor SNI Lokasi Badan Pemberi Sertifikasi Masa Berakhir
No. Pertama
Cement Brand SNI Number Location Certification Agency Expiration Date
First Year of
Type
Achievement
1. Hidraulis Tiga Roda SNI 8912:2020 Citeureup 21 Juni 2021 Balai Besar Bahan dan 13 April 2026
Hydraulic 21 June 2021 Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
2. Hidraulis Tiga Roda SNI 8912:2020 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Hydraulic Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
3. OPC Tipe I Tiga Roda SNI 2049:2015 Citeureup 23 Desember Balai Besar Bahan dan 31 Maret 2028
OPC Type I 2004 Barang Teknik (B4T-LSPr) 31 March 2028
23 December Center for Materials and
2004 Technical Goods (B4T-LSPr)
4. OPC Tipe I Tiga Roda SNI 2049-1:2020 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
OPC Type I Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
5. OPC Tipe I Tiga Roda SNI 2049-1:2020 Citeureup 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
OPC Type I 22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
6. OPC Tipe II Tiga Roda SNI 2049:2015 Citeureup 23 Desember Balai Besar Bahan dan 31 Maret 2028
OPC Type II 2004 Barang Teknik (B4T-LSPr) 31 March 2028
23 December Center for Materials and
2004 Technical Goods (B4T-LSPr)
Laporan Tahunan 2025 Annual Report 23
Page 24
Tahun
Jenis
Perolehan
Semen Merek Nomor SNI Lokasi Badan Pemberi Sertifikasi Masa Berakhir
No. Pertama
Cement Brand SNI Number Location Certification Agency Expiration Date
First Year of
Type
Achievement
7. OPC Tipe II Tiga Roda SNI 2049-1:2020 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
OPC Type II Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
8. OPC Tipe II Tiga Roda SNI 2049-1:2020 Citeureup 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
OPC Type II 22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
9. OPC Tipe V Tiga Roda SNI 2049:2015 Citeureup 23 Desember Balai Besar Bahan dan 31 Maret 2028
OPC Type V 2004 Barang Teknik (B4T-LSPr) 31 March 2028
23 December Center for Materials and
2004 Technical Goods (B4T-LSPr)
10. OPC Tipe V Tiga Roda SNI 2049-1:2020 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
OPC Type V Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
11. OPC Tipe V Tiga Roda SNI 2049-1:2020 Citeureup 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
OPC Type V 22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
12. PCC Jempolan SNI 7064:2014 Citeureup 23 November Balai Besar Bahan dan 22 November
2022 Barang Teknik (B4T-LSPr) 2026
Center for Materials and
Technical Goods (B4T-LSPr)
13. PCC Jempolan SNI 7064:2022 Citeureup 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
14. PCC Rajawali SNI 7064:2022 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
15. PCC Rajawali SNI 7064:2022 Citeureup 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
16. PCC Tiga Roda SNI 7064:2014 Citeureup 19 Desember Balai Besar Bahan dan 31 Maret 2028
2005 Barang Teknik (B4T-LSPr) 31 March 2028
19 December Center for Materials and
2005 Technical Goods (B4T-LSPr)
17. PCC Tiga Roda SNI 7064:2022 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
18. PCC Tiga Roda SNI 7064:2022 Citeureup 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
19. PCC M Jempolan SNI 7064:2022 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
20. PCC S Jempolan SNI 7064:2022 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
21. PPC Rajawali SNI 0302:2014 Citeureup n/a Balai Besar Bahan dan 13 April 2026
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
22. PPC Rajawali SNI 7064:2022 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
24 Laporan Tahunan 2025 Annual Report
Page 25
Ikhtisar Kinerja 2025
2025 Performance Highlights
Tahun
Jenis
Perolehan
Semen Merek Nomor SNI Lokasi Badan Pemberi Sertifikasi Masa Berakhir
No. Pertama
Cement Brand SNI Number Location Certification Agency Expiration Date
First Year of
Type
Achievement
23. PPC Tiga Roda SNI 0302:2014 Citeureup 22 Agustus 2016 Balai Besar Bahan dan 13 April 2026
22 August 2016 Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
24. PPC Tiga Roda SNI 0302:2014 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
25. Putih Tiga Roda SNI 15-0129- Citeureup 23 Desember Balai Besar Bahan dan 31 Maret 2028
White 2004 2004 Barang Teknik (B4T-LSPr) 31 March 2028
23 December Center for Materials and
2004 Technical Goods (B4T-LSPr)
26. Putih Tiga Roda SNI 0129:2018 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
White Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
27. Slag Tiga Roda SNI 8363:2017 Citeureup 20 Agustus 2018 Balai Besar Bahan dan 13 April 2026
20 August 2018 Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
28. Slag Tiga Roda SNI 8363:2023 Citeureup 30 April 2025 Balai Besar Bahan dan 29 April 2030
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
29. Pengeboran Tiga Roda SNI ISO 10426- Citeureup 8 Maret 1993 Balai Besar Bahan dan 13 April 2026
Oil Well 1:2017 8 March 1993 Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
30. Pengeboran Tiga Roda SNI ISO 10426- Citeureup 30 April 2025 Balai Besar Bahan dan 13 April 2026
G-HSR 1:2017 Barang Teknik (B4T-LSPr)
Oil Well Center for Materials and
G-HSR Technical Goods (B4T-LSPr)
31. PCC Tiga Roda SNI 7064:2014 Cirebon 20 Juni 2006 Balai Besar Bahan dan 31 Maret 2028
20 June 2006 Barang Teknik (B4T-LSPr) 31 March 2028
Center for Materials and
Technical Goods (B4T-LSPr)
32. OPC Tipe I Tiga Roda SNI 2049:2015 Cirebon 16 Agustus 2006 Balai Besar Bahan dan 31 Maret 2028
OPC Type I 16 August 2006 Barang Teknik (B4T-LSPr) 31 March 2028
Center for Materials and
Technical Goods (B4T-LSPr)
33. PPC Tiga Roda SNI 0302:2014 Cirebon 22 Agustus 2016 Balai Besar Bahan dan 31 Maret 2028
22 August 2016 Barang Teknik (B4T-LSPr) 31 March 2028
Center for Materials and
Technical Goods (B4T-LSPr)
34. PPC Rajawali SNI 0302:2014 Cirebon 22 Agustus 2016 Balai Besar Bahan dan 31 Maret 2028
22 August 2016 Barang Teknik (B4T-LSPr) 31 March 2028
Center for Materials and
Technical Goods (B4T-LSPr)
35. PCC Rajawali SNI 7064:2014 Cirebon 31 Agustus 2021 Balai Besar Bahan dan 6 Mei 2030
31 August 2021 Barang Teknik (B4T-LSPr) 6 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
36. PCC Jempolan SNI 7064:2022 Cirebon 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
37. PCC Tiga Roda SNI 7064:2022 Cirebon 6 Mei 2025 Balai Besar Bahan dan 5 Mei 2030
6 May 2025 Barang Teknik (B4T-LSPr) 5 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
38. OPC Tipe I Tiga Roda SNI 2049-1:2020 Cirebon 6 Mei 2025 Balai Besar Bahan dan 5 Mei 2030
OPC Type I 6 May 2025 Barang Teknik (B4T-LSPr) 5 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
Laporan Tahunan 2025 Annual Report 25
Page 26
Tahun
Jenis
Perolehan
Semen Merek Nomor SNI Lokasi Badan Pemberi Sertifikasi Masa Berakhir
No. Pertama
Cement Brand SNI Number Location Certification Agency Expiration Date
First Year of
Type
Achievement
39. PPC Tiga Roda SNI 0302:2014 Cirebon 6 Mei 2025 Balai Besar Bahan dan 5 Mei 2030
6 May 2025 Barang Teknik (B4T-LSPr) 5 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
40. PPC Rajawali SNI 0302:2014 Cirebon 6 Mei 2025 Balai Besar Bahan dan 5 Mei 2030
6 May 2025 Barang Teknik (B4T-LSPr) 5 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
41. PCC Rajawali SNI 7064:2022 Cirebon 6 Mei 2025 Balai Besar Bahan dan 5 Mei 2030
6 May 2025 Barang Teknik (B4T-LSPr) 5 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
42. PCC Jempolan SNI 7064:2022 Cirebon 6 Mei 2025 Balai Besar Bahan dan 5 Mei 2030
6 May 2025 Barang Teknik (B4T-LSPr) 5 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
43. OPC Tipe I Tiga Roda SNI 2049-1:2020 Cirebon 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
OPC Type I 22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
44. PCC Tiga Roda SNI 7064:2022 Cirebon 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
45. PCC Rajawali SNI 7064:2022 Cirebon 22 Februari 2023 Balai Besar Bahan dan 21 Februari 2027
22 February 2023 Barang Teknik (B4T-LSPr) 21 February 2027
Center for Materials and
Technical Goods (B4T-LSPr)
46. PCC Tiga Roda SNI 7064:2014 Tarjun 19 Juni 2006 Balai Besar Bahan dan 11 Desember
19 June 2006 Barang Teknik (B4T-LSPr) 2027
Center for Materials and 11 December
Technical Goods (B4T-LSPr) 2027
47. OPC Tipe I Tiga Roda SNI 2049:2015 Tarjun 19 Juni 2006 Balai Besar Bahan dan 11 Desember
OPC Type I 19 June 2006 Barang Teknik (B4T-LSPr) 2027
Center for Materials and 11 December
Technical Goods (B4T-LSPr) 2027
48. PCC Tiga Roda SNI 7064:2022 Tarjun 2023 Balai Besar Bahan dan 17 April 2027
Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
49. OPC Tipe I Tiga Roda SNI 2049-1:2020 Tarjun 2023 Balai Besar Bahan dan 29 April 2030
OPC Type I Barang Teknik (B4T-LSPr)
Center for Materials and
Technical Goods (B4T-LSPr)
50. PCC Tiga Roda SNI 7064:2022 Tarjun 16 Mei 2025 Balai Besar Bahan dan 15 Mei 2030
16 May 2025 Barang Teknik (B4T-LSPr) 15 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
51. OPC Tipe I Tiga Roda SNI 2049-1:2020 Tarjun 16 Mei 2025 Balai Besar Bahan dan 15 Mei 2030
OPC Type I 16 May 2025 Barang Teknik (B4T-LSPr) 15 May 2030
Center for Materials and
Technical Goods (B4T-LSPr)
Keterangan | Description:
• OPC: Ordinary Portland Cement | Semen Portland
• PCC: Portland Composite Cement | Semen Portland Komposit
• PPC: Portland Pozzolan Cement | Semen Portland Pozzolan
26 Laporan Tahunan 2025 Annual Report
Page 27
Ikhtisar Kinerja 2025
2025 Performance Highlights
Sertifikasi ISO
ISO Certification
Tahun Perolehan
Sertifikasi Lokasi Badan Pemberi Sertifikasi Masa Berlaku Akhir
No. Year of
Certification Location Certification Agency Expiration Date
Achievement
1. API - American Petroleum Institute Citeureup Maret 1993 American Petroleum 8 Maret 2026
Spec 10A (Semen Sumur Minyak Cirebon March 1993 Institute 8 March 2026
Kelas G Jenis HSR) Tarjun
API - American Petroleum Institute
Spec 10A (Grade G Oil Well Cement,
HSR Type)
2. Green Label Indonesia Produk PCC Cirebon 15 Juli 2020 Green Product Council 1 November 2026
Tiga Roda-Kompleks Pabrik Cirebon 15 July 2020 Indonesia
Indonesian Green Label for Tiga Roda
PCC Products - Cirebon Factory
3. Green Label Indonesia Produk Citeureup 8 Juni 2020 Green Product Council 1 November 2026
PCC Tiga Roda-Kompleks Pabrik 8 June 2020 Indonesia
Citeureup "Platinum"
Indonesian Green Label for Tiga Roda
PCC Products - Citeureup “Platinum”
Factory
4. Green Label Indonesia Produk Semen Citeureup 1 November 2022 Green Product Council 1 November 2026
Hidraulis-Kompleks Pabrik Citeureup Indonesia
"Platinum"
Indonesian Green Label for Hydraulic
Cement Products - Citeureup
“Platinum” Factory
5. Green Label Indonesia Produk Semen Tarjun 1 November 2022 Green Product Council 1 November 2026
PCC Rajawali-Kompleks Pabrik Tarjun Indonesia
Indonesian Green Label for Rajawali
PCC Cement Products - Tarjun
Factory
Laporan Tahunan 2025 Annual Report 27
Page 28
Tahun Perolehan
Sertifikasi Lokasi Badan Pemberi Sertifikasi Masa Berlaku Akhir
No. Year of
Certification Location Certification Agency Expiration Date
Achievement
6. Green Label Indonesia untuk produk Cirebon 1 November 2022 Green Product Council 1 November 2026
Semen PCC Tigaroda-Kompleks Indonesia
Pabrik Cirebon
Indonesian Green Label for Tigaroda
PCC Cement Products - Cirebon
Factory
7. ISO 14001:2015-Sistem Manajemen Citeureup 22 Agustus 2002 PT SGS Indonesia 28 Agustus 2026
Lingkungan Cirebon 22 August 2002 28 August 2026
ISO 14001:2015-Environmental Tarjun
Management System
8. ISO 28000:2007 Supply Chain Citeureup November 2015 PT Sucofindo 29 November 2027
Security Management System
Requirement-Kompleks Pabrik
Citeureup
ISO 28000:2007 Supply Chain
Security Management System
Requirements-Citeureup Factory
9. ISO 28000:2007-Supply Chain Cirebon November 2012 PT Sucofindo 21 April 2028
Security Management System
Requirement
10. ISO 45001:2018-Sistem Manajemen Citeureup 24 September PT Sucofindo 8 Januari 2026
Keselamatan dan Kesehatan Kerja Cirebon 2004 8 January 2026
ISO 45001:2018-Occupational Health Tarjun
and Safety Management System
11. ISO 9001:2015-Sistem Manajemen Citeureup 29 Maret 1995 PT SGS Indonesia 11 April 2026
Mutu Cirebon 29 March 1995
ISO 9001:2015-Quality Management Tarjun
System
12. Sertifikat Industri Hijau-Kompleks Cirebon 1 November 2019 Kementerian Perindustrian 12 November 2027
Pabrik Cirebon Republik Indonesia
Green Industry Certificate-Cirebon Ministry of Industry of the
Factory Republic of Indonesia
13. Sertifikat Industri Hijau-Kompleks Citeureup 19 Desember 2017 Kementerian Perindustrian 22 Desember 2029
Pabrik Citeureup 19 December 2017 Republik Indonesia 22 December 2029
Green Industry Certificate-Citeureup Ministry of Industry of the
Factory Republic of Indonesia
14. Sertifikat Industri Hijau-Kompleks Tarjun 11 November 2019 Kementerian Perindustrian 12 November 2027
Pabrik Tarjun Republik Indonesia
Green Industry Certificate-Tarjun Ministry of Industry of the
Factory Republic of Indonesia
15. Sistem Manajemen Keselamatan dan Cirebon Juli 2000 Kementerian Tenaga Kerja Proses perpanjangan
Kesehatan Kerja-Kompleks Pabrik July 2000 Republik Indonesia sertifikasi sudah
Cirebon Ministry of Manpower of the selesai, menunggu
Occupational Health and Safety Republic of Indonesia penyerahan sertifikat
Management System-Cirebon (Tahun 2026)
Factory Certification extension
process is complete,
awaiting certificate
submission (2026)
16. Sistem Manajemen Keselamatan dan Citeureup Juli 2000 Kementerian Tenaga Kerja 9 Juni 2026
Kesehatan Kerja-Kompleks Pabrik July 2000 Republik Indonesia 9 June 2026
Citeureup Ministry of Manpower of the
Occupational Health and Safety Republic of Indonesia
Management System-Citeureup
Factory
17. Sistem Manajemen Keselamatan dan Tarjun Juli 2000 Kementerian Tenaga Kerja Proses perpanjangan
Kesehatan Kerja-Kompleks Pabrik July 2000 Republik Indonesia sertifikasi sudah
Tarjun Ministry of Manpower of the selesai, menunggu
Occupational Health and Safety Republic of Indonesia penyerahan sertifikat
Management System-Tarjun Factory (Tahun 2026)
Certification extension
process is complete,
awaiting certificate
submission (2026)
28 Laporan Tahunan 2025 Annual Report
Page 29
Ikhtisar Kinerja 2025
2025 Performance Highlights
Tahun Perolehan
Sertifikasi Lokasi Badan Pemberi Sertifikasi Masa Berlaku Akhir
No. Year of
Certification Location Certification Agency Expiration Date
Achievement
18. SNI ISO IEC 17025:2017 Persyaratan Cirebon Agustus 2006 Komite Akreditasi Nasional 21 Agustus 2029
Umum untuk Kompetensi August 2006 National Accreditation 21 August 2029
Laboratorium Pengujian dan Committee
Laboratorium Kalibrasi-Kompleks
Pabrik Cirebon
SNI ISO IEC 17025:2017-General
Requirements for the Competency of
Testing Laboratories and Calibration
Laboratories-Cirebon Factory
19. SNI ISO IEC 17025:2017 Persyaratan Citeureup Juli 2006 Komite Akreditasi Nasional 21 Oktober 2026
Umum untuk Kompetensi July 2006 National Accreditation 21 October 2026
Laboratorium Pengujian dan Committee
Laboratorium Kalibrasi-Kompleks
Pabrik Citeureup
SNI ISO IEC 17025:2017-General
Requirements for the Competency of
Testing Laboratories and Calibration
Laboratories-Citeureup Factory
20. SNI ISO IEC 17025:2017 Persyaratan Tarjun Mei 2007 Komite Akreditasi Nasional 26 Februari 2028
Umum untuk Kompetensi May 2007 National Accreditation 26 February 2028
Laboratorium Pengujian dan Committee
Laboratorium Kalibrasi-Kompleks
Pabrik Tarjun
SNI ISO IEC 17025:2017 General
Requirements for the Competency of
Testing Laboratories and Calibration
Laboratories - Tarjun Factory
Laporan Tahunan 2025 Annual Report 29
Page 30
Peristiwa Penting 2025
Significant Events in 2025
24 Februari 2025
24 February 2025
Indocement Kompleks Pabrik Cirebon Raih PROPER Emas.
Indocement’s Cirebon Factory Received Gold PROPER.
12 April 2025
Dimulainya pengoperasian PLTS groundmounting Indocement Kompleks Pabrik
Citeureup.
Commencement of groundmounting PLTS at Indocement’s Citeureup Factory.
16 Mei 2025
16 May 2025
Indocement meresmikan pengoperasian kapal kargo MV Harmoni I yang memiliki
kapasitas angkut mencapai 20.000 ton. Kapal dioperasikan atas nama perusahaan
patungan PT Samudra Harmoni Prakarsa.
Indocement inaugurated the operation of cargo vessel MV Harmoni I, with carrying
capacity of up to 20,000 tons. The vessel is operated under the name of a joint venture
company, PT Samudra Harmoni Prakarsa.
21 Mei 2025
21 May 2025
RUPS Luar Biasa Tahun 2025 menyetujui rencana Indocement untuk melakukan
aksi korporasi pembelian kembali saham Perseroan untuk periode 22 Mei 2025 s.d
21 Mei 2026.
Selain itu, RUPS Luar Biasa juga menyetujui aksi korporasi lain yaitu pengurangan
modal yang ditempatkan dan disetor melalui penarikan sebagian saham hasil
pembelian kembali saham Perseroan periode 2021-2022 yang tercatat sebagai saham
treasury, sebagai pelaksanaan kewajiban Perseroan untuk mengalihkan saham hasil
pembelian kembali saham tersebut.
The 2025 Extraordinary GMS approved Indocement’s plan to conduct a corporate
action to purchase shares for the period from 22 May 2025 to 21 May 2026.
Furthermore, the Extraordinary GMS also approved another corporate action, namely
reduction in issued and paid-up capital through the withdrawal of shares buyback for
the 2021-2022 period, which were recorded as treasury shares, as an implementation
of the Company’s obligation to transfer shares resulting from the share buyback.
30 Laporan Tahunan 2025 Annual Report
Page 31
Ikhtisar Kinerja 2025
2025 Performance Highlights
2 Agustus 2025
2 August 2025
Indocement mencatatkan Rekor Museum Rekor-Dunia Indonesia (MURI) melalui
kegiatan membatik di atas sak semen yang diikuti 5.000 peserta, dalam rangka
perayaan HUT ke-50 Indocement di Jakarta.
Indocement set a Museum Rekor-Dunia Indonesia (MURI) record through a batik-
making activity on cement bags, joined by 5,000 participants, during its 50th
anniversary celebration at Jakarta.
4 Agustus 2025
4 August 2025
Indocement merayakan hari jadinya yang ke-50 dengan menyelenggarakan beragam
acara dalam tema Gemilang Pencapaian, Mewujudkan Masa Depan.
Indocement celebrated its 50th anniversary by holding various events under the theme
“Gemilang Pencapaian, Mewujudkan Masa Depan”.
12 Agustus 2025
12 August 2025
Indocement berhasil menyelenggarakan Quarry Life Award (QLA) Edisi ke-6. Kompetisi
ilmiah dan edukatif yang diprakarsai oleh Heidelberg Materials ini menjadi wadah
bagi mahasiswa, peneliti, lembaga swadaya masyarakat (LSM), dan masyarakat lokal
untuk berkontribusi melalui gagasan, inovasi, serta solusi berkelanjutan di area kuari.
Indocement successfully held the 6th edition of the Quarry Life Award (QLA). Initiated
by Heidelberg Materials, this scientific and educational competition serves as a
platform for students, researchers, non-governmental organizations (NGOs), and local
communities to contribute ideas, innovations, and sustainable solutions at quarry
sites.
19 Agustus 2025
19 August 2025
Indocement berkolaborasi dengan PT Modula Tiga Dimensi (Modula3D) membangun
Indocement Collaborative Hub di I-SHELTER, Kompleks Pabrik Citeureup dengan
menggunakan teknologi 3D Construction Printing (3DCP).
Indocement collaborated with PT Modula Tiga Dimensi (Modula3D) to build Indocement
Collaborative Hub at I-SHELTER facility in Citeureup Factory, by using 3D Construction
Printing (3DCP) technology.
Laporan Tahunan 2025 Annual Report 31
Page 32
17 Oktober 2025
17 October 2025
Indocement memulai pengoperasian dua unit truk EV untuk mendukung proses
distribusi kantong semen di Kompleks Pabrik Citeureup.
Indocement commenced operation of two EV trucks to support the distribution of
cement bags at Citeureup Factory.
14 November 2025
Indocement Kompleks Pabrik Tarjun menerima pengiriman Perdana refuse-derived
fuel (RDF) dari TPS 3R KSM Lestari Martapura, Kabupaten Banjar seberat 10 ton.
Indocement’s Tarjun Factory received its first shipment of refuse-derived fuel (RDF)
from TPS 3R KSM Lestari Martapura, Banjar Regency, weighing 10 tons.
16 Desember 2025
16 December 2025
Indocement menandatangani Perjanjian Jual Beli Refuse-Derived Fuel (RDF) produksi
Plant Rorotan dengan Unit Pengelola Sampah Terpadu (UPST) Dinas Lingkungan Hidup
Provinsi DKI Jakarta.
Indocement signed Sale and Purchase Agreement for Refuse-Derived Fuel (RDF)
produced by Rorotan Plant with Integrated Waste Management Unit (UPST) of DKI
Jakarta Provincial Government.
29 Desember 2025
29 December 2025
Indocement dan Saint-Gobain melalui entitas anak masing-masing yaitu
PT Pionirbeton Industri dan PT Cipta Mortar Utama membentuk perusahaan patungan
bernama PT Mortar Prakarsa Utama untuk memperkuat bisnis mortar di Indonesia.
Indocement and Saint-Gobain, through their respective subsidiaries, PT Pionirbeton
Industri and PT Cipta Mortar Utama, formed a joint venture company, namely
PT Mortar Prakarsa Utama, to strengthen mortar business in Indonesia.
32 Laporan Tahunan 2025 Annual Report
Page 33
Ikhtisar Kinerja 2025
2025 Performance Highlights
Dalam perayaan HUT ke-50 Indocement, karyawan Indocement dan keluarganya membatik di atas
media kantong semen sepanjang 500 meter dan mencatatkan Rekor Museum Rekor-Dunia Indonesia
(MURI).
During Indocement’s 50th Anniversary celebrations, Indocement's employees and their families
created batik on cement bag material spanning 500 meters and set a record with the Indonesian
World Records Museum (MURI).
Laporan Tahunan 2025 Annual Report 33
Page 34
Laporan Manajemen Management Report 02 Bab | Chapter 34 Laporan Tahunan 2025 Annual Report
Page 35
Laporan Manajemen
Management Report
Laporan Tahunan 2025 Annual Report
Laporan Tahunan 2025 Annual Report 35
Page 36
Laporan Dewan Komisaris
Report of the Board of Commissioners
“ Sepanjang 2025, Dewan
Komisaris melihat bahwa
arah strategis yang
dijalankan Direksi telah
mampu menjaga kinerja
Perseroan tetap solid, dengan
tetap mengedepankan prinsip
kehati-hatian, tata kelola
yang baik, dan keberlanjutan.
Throughout 2025, the Board of
Commissioners observed that the strategic
direction implemented by the Board
of Directors was able to maintain the
Company's solid performance, while still
prioritizing the principles of prudence,
good governance, and sustainability.
Roberto
Callieri
Komisaris Utama
President
Commissioner
36 Laporan Tahunan 2025 Annual Report
Page 37
Laporan Manajemen
Management Report
Para Pemegang Saham dan Pemangku Kepentingan
2.249
Rp yang terhormat,
Dear Honorable Shareholders and Stakeholders,
miliar | billion
Laba Tahun Di tengah kondisi ekonomi Amidst the dynamic and
Berjalan dan iklim usaha yang dinamis challenging economic conditions
Profit for the Year serta penuh tantangan, and business climate,
PT Indocement Tunggal Prakarsa PT Indocement Tunggal Prakarsa
Tbk. berhasil menutup tahun Tbk. successfully wrapped
2025 dengan capaian kinerja up 2025 with impressive
yang membanggakan. Prestasi performance. This achievement
ini menjadi bukti ketangguhan is a testament to the resilience
dan komitmen seluruh jajaran and commitment of all levels of
Perseroan yang patut kita the Company, which deserves
apresiasi. our appreciation.
Pada kesempatan ini, On this occasion, on behalf of
perkenankan saya, atas nama the Board of Commissioners,
Dewan Komisaris, menyampaikan allow me to convey the results
hasil pelaksanaan fungsi of our supervisory functions
pengawasan serta memberikan and provision of advice to the
arahan kepada Direksi. Dewan Board of Directors. The Board
Komisaris berperan aktif dalam of Commissioners plays an
memastikan pengelolaan active role in ensuring that the
Perseroan berjalan sesuai Company management follows
arah rencana bisnis yang telah the established business plan, in
ditetapkan, selaras dengan line with the principles of good
prinsip tata kelola perusahaan corporate governance, in an
yang baik, adaptif, dan berhati- adaptive and prudent manner. In
hati. Dalam melaksanakan carrying out its duties, the Board
tugasnya, Dewan Komisaris of Commissioners consistently
senantiasa menjaga sikap objektif maintains an objective and
dan independen sebagaimana independent stance, as
diatur dalam Anggaran Dasar stipulated in the Articles of
serta ketentuan perundang- Association and applicable laws
undangan yang berlaku. and regulations.
Selain itu, Dewan Komisaris terus Furthermore, the Board of
mendorong penyempurnaan tata Commissioners continues
kelola perusahaan, memperkuat to encourage refinements
sistem antisipasi dan mitigasi in corporate governance,
risiko, serta memastikan kegiatan strengthen risk anticipation and
usaha Perseroan berjalan secara mitigation systems, and ensure
sehat, berkelanjutan, dan that the Company’s business
memberikan nilai tambah bagi activities are sound, sustainable,
Perseroan dan para pemegang and providing added value to the
saham. Company and its shareholders.
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Dewan Komisaris juga mendorong upaya-upaya The Board of Commissioners also encourages
kreatif dan inovatif untuk efisiensi biaya produksi creative and innovative efforts for cost efficiency
dan ramah lingkungan termasuk melalui kolaborasi and environmentally friendly production, including
sinergis. through synergistic collaboration.
Penilaian atas Kinerja Direksi Assessment of the Board of Directors’
Performance
Industri semen menghadapi tantangan berat Cement industry encountered significant challenges
sepanjang 2025, dipicu oleh ketidakpastian ekonomi throughout 2025, driven by global and domestic
global dan domestik. Secara global, konflik geopolitik economic uncertainty. Globally, ongoing geopolitical
yang berkelanjutan, kebijakan moneter ketat, dan conflicts, tight monetary policy, and high interest
suku bunga tinggi menghambat pertumbuhan. rates hampered growth. Major international
Lembaga-lembaga internasional terkemuka institutions estimated that Indonesia’s 2025 GDP
memperkirakan bahwa pertumbuhan PDB Indonesia growth settled at approximately 4.9% to 5.0%.
pada 2025 berada di kisaran 4,9% hingga 5,0%.
Tingkat inflasi cukup terkendali pada tingkat 2,92%, The inflation rate seemed to be quite in control at
namun daya beli masyarakat cenderung mengalami 2.92%, however, people’s purchasing power tended
pelemahan akibat kenaikan harga pangan, penurunan to weaken due to rising food prices, declining export
daya saing ekspor, hingga maraknya pemutusan competitiveness, and widespread layoffs.
hubungan kerja.
Kondisi ini berdampak signifikan pada industri This situation significantly impacted the national
semen nasional, dengan volume menurun cement industry, which were volume declining by
2,2% dibandingkan 2024 dan terjebak dalam 2.2% from that of 2024 and trapped in unfair price
persaingan harga tidak sehat. Selain itu, pemotongan competition. Furthermore, cuts in the state budget
anggaran APBN untuk infrastruktur menyebabkan for infrastructure caused a decline in national
konsumsi semen nasional mengalami penurunan cement consumption and resulted in very low
dan mengakibatkan utilisasi pabrik menjadi sangat factory utilization.
rendah.
Dewan Komisaris menyampaikan apresiasi setinggi- The Board of Commissioners highly appreciated the
tingginya atas strategi Direksi dalam menghadapi Board of Directors’ strategy in navigating economic
fluktuasi ekonomi dan kondisi industri semen fluctuations and cement industry conditions
sepanjang 2025. Perseroan terus mengedepankan throughout 2025. The Company continued to
pencapaian visi, misi, dan tujuan strategisnya prioritize the achievement of its vision, mission,
yang mencakup target jangka pendek sekaligus and strategic objectives, encompassing short-
orientasi pertumbuhan berkelanjutan, sambil term targets and sustainable growth orientation,
mempertahankan konsistensi profitabilitas di tengah while maintaining consistent profitability amidst
tantangan oversupply dan penurunan penjualan the challenges of oversupply and declining national
semen nasional. Langkah tersebut juga selaras cement sales. Such steps are also in line with
dengan komitmen transformasi berkelanjutan Heidelberg Materials’ commitment to sustainable
Heidelberg Materials, termasuk efisiensi operasional transformation, including operational efficiency
di tengah utilisasi pabrik rendah. amidst low factory utilization.
Direksi berhasil mengoptimalkan efisiensi biaya The Board of Directors successfully optimized
distribusi dan logistik melalui pemanfaatan sumber distribution and logistics cost efficiency through
daya internal Perseroan, termasuk digitalisasi rantai the utilization of the Company’s internal resources,
pasok dan angkutan multimoda. Keputusan strategis including supply chain digitalization and multimodal
untuk memperpanjang sewa fasilitas produksi transportation. The strategic decision to extend the
Semen Bosowa serta penambahan beberapa terminal lease of Semen Bosowa’s production facilities and
terbukti tepat, sehingga membentuk struktur biaya add several terminals proved sound, resulting in a
yang lebih ramping. leaner cost structure.
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Sepanjang 2025, Perseroan juga memperkuat Throughout 2025, the Company also strengthened
penggunaan bahan bakar alternatif dan bahan the use of alternative fuels and alternative raw
baku alternatif (AFAM) untuk mendukung operasi materials (AFAM) to support more sustainable
yang lebih berkelanjutan dan rendah emisi. Inisiatif and low-emission operations. This initiative is in
ini sejalan dengan komitmen global Heidelberg line with Heidelberg Materials’ global commitment
Materials dalam mendorong target pembangunan to promoting sustainable development targets,
berkelanjutan, termasuk green logistics dan efisiensi including green logistics and energy efficiency.
energi. Selain itu, anak perusahaan Perseroan, Furthermore, the Company’s subsidiary,
PT Pionirbeton Industri menjalin kemitraan dengan PT Pionirbeton Industri, entered into a partnership
PT Cipta Mortar Utama pada bulan Desember 2025 with PT Cipta Mortar Utama in December 2025 to
untuk membentuk usaha patungan di bidang usaha establish a joint venture to produce and market
produksi dan pemasaran produk mortar. mortar products.
Dari sisi keuangan, sepanjang 2025 Perseroan Financially, throughout 2025, the Company
berhasil membukukan pendapatan neto sebesar successfully recorded net revenues of Rp17,731 billion
Rp17.731 miliar dan laba bersih sebesar Rp2.249 miliar. and net profit of Rp2,249 billion. This achievement
Pencapaian tersebut patut diapresiasi mengingat deserves appreciation, considering the current
industri semen tengah mengalami penurunan. decline in cement industry. Furthermore, the
Selain itu, strategi Perseroan untuk memperkuat Company’s strategy to strengthen its footprint
footprint melalui akuisisi Semen Grobogan, sewa through the acquisition of Semen Grobogan and
fasilitas produksi Semen Bosowa serta terminal- lease of Semen Bosowa production facilities, as well
terminal pendukung terbukti telah membuahkan as the supporting terminals, has proven to be highly
hasil yang sangat baik untuk memperkuat pangsa effective in strengthening regional market share.
pasar regional.
Perseroan juga mencatat peningkatan aset sebesar The Company also recorded an increase in assets
4,3% menjadi Rp31.725 miliar serta ekuitas naik 4,9% of 4.3% to Rp31,725 billion, and equity increased by
menjadi Rp23.203 miliar dengan rasio utang terhadap 4.9% to Rp23,203 billion, with debt-to-equity ratio
modal 0,37x yang mencerminkan ketangguhan of 0.37x, reflecting the Company’s resilience. These
Perseroan. Pencapaian ini menjadi fondasi strategis achievements provide a strategic foundation for
bagi ekspansi usaha yang lebih kuat di tahun-tahun stronger business expansion in the coming years.
berikutnya.
Pengawasan terhadap Perumusan dan Supervision of Formulation and
Penerapan Inisiatif Strategis Perseroan Implementation of the Company’s
Strategic Initiatives
Sebagai bagian dari tugas pengawasan, Dewan As part of supervisory duties, the Board of
Komisaris secara aktif memantau perumusan dan Commissioners actively monitors strategy
implementasi strategi yang dijalankan oleh Direksi formulation and implementation undertaken by the
untuk memastikan keselarasan dengan visi dan misi Board of Directors to ensure alignment with the
serta purpose Perseroan. Pada tahap perumusan Company’s vision, mission, and purpose. In strategy
strategi, Dewan Komisaris memberikan pandangan formulation stage, the Board of Commissioners
dan arahan kepada Direksi terkait tren industri dan provides insights and directions to the Board of
aspirasi pemegang saham. Dewan Komisaris juga Directors regarding industry trends and shareholder
memberikan pandangan terhadap rencana yang aspirations. The Board of Commissioners also
telah disusun Direksi untuk mencapai target-target provides insight into plans developed by the Board
yang ditetapkan pemegang saham. of Directors to achieve shareholders’ set targets.
Tak hanya dalam proses perumusan strategi, Dewan In addition to strategy formulation process, the
Komisaris juga melakukan pengawasan terhadap Board of Commissioners also supervises strategy
pelaksanaan strategi, agar dapat mencapai target implementation in order to achieve the set targets
yang ditetapkan dan memenuhi aspirasi pemegang and meet shareholders’ aspirations as well as other
saham serta kepentingan pemangku kepentingan stakeholders’ interests.
lainnya.
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Sepanjang 2025, Perseroan menghadapi tantangan Throughout 2025, the Company encountered industri yang semakin kompleks, termasuk increasingly complex industry challenges, including penurunan permintaan, volatilitas harga bahan declining demand, volatility of raw material prices baku dan energi, serta ketatnya regulasi lingkungan. and energy, and stringent environmental regulations. Dalam menghadapi tantangan ini, Direksi telah To address the challenges, the Board of Directors merumuskan berbagai kebijakan strategis yang formulated various strategic policies focused on berfokus pada optimalisasi produksi, efisiensi production optimization, operational efficiency, operasional, penguatan rantai pasok, serta inovasi supply chain strengthening, and product innovation. produk. Dewan Komisaris mengawasi secara intensif The Board of Commissioners closely monitored pelaksanaan berbagai inisiatif yang dijalankan various initiatives undertaken by the Board of Direksi. Directors. Dewan Komisaris merekomendasikan fokus The Board of Commissioners recommends focusing pengawasan pada beberapa prioritas strategis supervision on several key strategic priorities so that utama agar Perseroan dapat terus mempertahankan the Company can continue to maintain its position posisi sebagai produsen semen paling efisien dan as the most efficient and leading cement producer in unggul di pasar domestik maupun regional. Prioritas domestic and regional markets. Supervisory priorities pengawasan mencakup aspek inovasi teknologi, include technology innovation, cost-effectiveness efektivitas efisiensi biaya, perluasan footprint and efficiency, selective market footprint expansion, pasar secara selektif, penerapan service excellence sustainable service excellence, and strengthening yang berkelanjutan, dan penguatan Tata Kelola Good Corporate Governance (GCG). Perusahaan yang Baik (GCG). Terdapat sejumlah hal yang menjadi prioritas dalam A number of matters were prioritized during pengawasan yang dijalankan Dewan Komisaris the supervision conducted by the Board of sepanjang 2025. Pertama, pengawasan terhadap Commissioners in 2025. First, supervision of implementasi teknologi dan digitalisasi pada proses technology and digitalization implementation in produksi dan distribusi agar meningkatkan efisiensi production and distribution processes to improve energi, pengurangan emisi karbon, dan optimalisasi energy efficiency, reduce carbon emissions, and rantai pasok, termasuk pemanfaatan bahan bakar optimize supply chain, including the use of alternative alternatif dan integrasi kecerdasan buatan (AI) fuels and integration of artificial intelligence (AI) into dalam workflow operasi. operational workflows. Kedua, pengawasan ketat terhadap kebijakan Second, strict supervision of cost efficiency efisiensi biaya dengan pemantauan perkembangan policies by monitoring CAPEX progress, controlling CAPEX, pengendalian biaya operasional, dan evaluasi operational costs, and evaluating strategic asset pemanfaatan aset strategis agar profitabilitas utilization to maintain the Company’s profitability Perseroan tetap terjaga meski kondisi pasar despite challenging market conditions. menantang. Ketiga, pengawasan ekspansi footprint dengan Third, supervision of footprint expansion with prudent pendekatan kehati-hatian dalam investasi, investment approach, supporting the development mendukung pengembangan terminal distribusi of distribution terminals and leased factories, and dan sewa pakai pabrik, serta memastikan integrasi ensuring seamless operational integration and safety operasional yang seamless dan aman dari risiko from excessive financial risk. keuangan berlebih. Keempat, penguatan service excellence melalui Fourth, strengthening service excellence through monitoring kepuasan pelanggan, peningkatan monitoring customer satisfaction, improving standar kualitas produk, dan pengembangan product quality standards, and developing inclusive program CSR inklusif sebagai pilar hubungan jangka CSR programs as pillars of long-term stakeholder panjang dengan pemangku kepentingan. relationships. 40 Laporan Tahunan 2025 Annual Report
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Kelima, penguatan tata kelola perusahaan dan Fifth, strengthening corporate governance and
kepatuhan kepada regulasi serta prinsip Lingkungan, compliance with regulations and Environmental,
Sosial, dan Tata Kelola (LST) yang semakin penting Social, and Governance (ESG) principles, as these
bagi keberlanjutan bisnis dan pengelolaan risiko. were increasingly crucial for business sustainability
and risk management.
Dokumentasi dan laporan berkala yang transparan Transparent documentation and periodic reports, as
serta komunikasi intensif antara Dewan Komisaris well as intensive communication between the Board
dan Direksi menjadi mekanisme utama untuk of Commissioners and Board of Directors, will be the
memastikan pelaksanaan prioritas pengawasan ini. primary mechanisms to ensure the implementation
Dengan arahan strategis yang jelas, Dewan Komisaris of these supervision priorities. With clear strategic
yakin Perseroan dapat menghadapi tantangan direction, the Board of Commissioners is confident
dan memanfaatkan peluang di tahun 2026 secara that the Company can optimally face challenges and
optimal. seize the opportunities in 2026.
Mekanisme dan Frekuensi Pemberian Mechanism and Frequency of Advisory
Nasihat
Dewan Komisaris menjalankan mekanisme The Board of Commissioners implements a
pemberian nasihat secara terstruktur dan structured and ongoing advisory mechanism to the
berkelanjutan kepada Direksi sebagai bagian dari Board of Directors as part of its strategic supervisory
fungsi pengawasan strategis, melalui rapat-rapat function, through meetings held with the Board of
yang diadakan bersama Direksi untuk menangani Directors to address important and urgent issues.
isu-isu penting dan mendesak. Selain rapat, Dewan Aside from meetings, the Board of Commissioners
Komisaris melakukan komunikasi langsung serta maintains direct communication and intensive
koordinasi intensif dengan Direksi untuk memastikan coordination with the Board of Directors to ensure
nasihat strategis, teknis, dan operasional dapat that strategic, technical, and operational advice is
diterima dan diimplementasikan secara efektif. received and implemented effectively.
Dalam praktiknya, rapat Dewan Komisaris membahas In practice, the Board of Commissioners’ meetings
evaluasi kinerja keuangan, operasional, dan discuss financial and operational performance
pemenuhan target strategis, disertai pemantauan evaluation and strategic target fulfillment, along
pelaksanaan program efisiensi biaya, perluasan with monitoring the implementation of cost
footprint, serta pengembangan service excellence. efficiency programs, footprint expansion, and service
Mekanisme pemberian nasihat juga mencakup excellence development. Advisory mechanism also
penyampaian rekomendasi tertulis dan diskusi includes submission of written recommendations
mendalam di komite-komite khusus seperti Komite and in-depth discussions in special committees
Audit dan Komite Nominasi dan Remunerasi untuk such as Audit Committee and Nomination and
memperkuat tata kelola dan pengambilan keputusan Remuneration Committee to strengthen governance
yang transparan serta akuntabel. and transparent and accountable decision-making.
Frekuensi rapat dan komunikasi tersebut The frequency of these meetings and communication
memastikan bahwa pelaksanaan strategi dan ensures that the Company’s strategy and policy
kebijakan Perseroan selalu mendapat arahan yang implementation consistently receives appropriate
tepat dari Dewan Komisaris, sehingga Perseroan direction from the Board of Commissioners, enabling
mampu menjaga efisiensi, inovasi, dan keberlanjutan the Company to maintain efficiency, innovation,
bisnis di tengah tantangan industri semen nasional and business sustainability amidst the challenges
dan global sepanjang tahun 2025. in national and global cement industry throughout
2025.
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Pandangan Dewan Komisaris terhadap Board of Commissioners’ Views on
Prospek Usaha Business Prospects
Dewan Komisaris memandang prospek usaha tahun The Board of Commissioners views business
2026 tetap menjanjikan meskipun menghadapi prospects for 2026 as promising despite facing
tantangan struktural dalam industri semen nasional structural challenges in the national cement industry,
yang meliputi oversupply dan fluktuasi permintaan including oversupply and fluctuations in domestic
domestik. Pertumbuhan ekonomi Indonesia yang demand. Indonesia’s projected stable economic
diproyeksikan stabil di kisaran 5% dan penguatan growth of around 5% and the strengthening of
program infrastruktur pemerintah menjadi faktor the government’s infrastructure program are key
pendorong utama bagi peningkatan konsumsi drivers of increased cement consumption, providing
semen, memberikan peluang bagi Perseroan untuk opportunities for the Company to increase sales and
meningkatkan penjualan dan memperkuat pangsa strengthen market share.
pasar.
Dewan Komisaris menilai bahwa keberhasilan The Board of Commissioners believes that the
Perseroan pada tahun mendatang akan sangat Company’s success in the coming year will rely
bergantung pada kemampuan Perseroan dalam strongly on the Company’s ability to maintain
mempertahankan efisiensi biaya produksi dan production and operational cost efficiency, expand
operasional, memperluas footprint distribusi secara its distribution footprint selectively, and maintain
selektif, serta menjaga keunggulan teknologi dan its technology excellence and innovative low-carbon
inovasi produk rendah karbon yang semakin diminati products, which are increasingly in demand in the
pasar. Fokus pada service excellence dan kepatuhan market. A focus on service excellence and adherence
terhadap prinsip keberlanjutan lingkungan dan to environmental and social sustainability principles
sosial akan memperkuat posisi Perseroan di mata will strengthen the Company’s standing with
pelanggan dan regulator. customers and regulators.
Dengan dukungan tata kelola perusahaan yang With the support of strong corporate governance
kuat dan pengawasan ketat, Dewan Komisaris and strict supervision, the Board of Commissioners
yakin bahwa Indocement mampu mengelola risiko is confident that Indocement will be able to manage
pasar sekaligus memanfaatkan peluang yang ada market risks while seizing existing opportunities
untuk mencapai kinerja usaha yang berkelanjutan to achieve sustainable business performance and
dan memberikan nilai tambah maksimal bagi para deliver optimal added value to stakeholders in 2026
pemangku kepentingan pada tahun 2026 dan and beyond.
seterusnya.
Pandangan Dewan Komisaris terhadap Board of Commissioners’ Views on
Penerapan Tata Kelola Perusahaan the Implementation of Corporate
Governance
Dewan Komisaris menilai bahwa penerapan tata The Board of Commissioners believed that the
kelola perusahaan (GCG) pada tahun 2025 telah implementation of corporate governance (GCG) in
berjalan secara efektif dan konsisten sesuai dengan 2025 was effective and consistent in accordance with
peraturan perundang-undangan serta prinsip-prinsip laws and regulations and the international principles
internasional dari induk usaha Heidelberg Materials. of its parent company, Heidelberg Materials. Through
Melalui rapat rutin, penugasan Komite Audit, dan regular meetings, Audit Committee assignments,
kunjungan lapangan, Dewan Komisaris memastikan and field visits, the Board of Commissioners ensured
transparansi penuh dalam pengambilan keputusan full transparency in strategic decision-making, risk
strategis, pengelolaan risiko, dan pelaporan management, and accurate and timely financial
keuangan yang akurat serta tepat waktu. reporting.
Penerapan GCG tercermin dalam prinsip kehati- GCG implementation is reflected in the principle
hatian finansial yang membedakan Perseroan dari of financial prudence that distinguishes the
para produsen semen lainnya, dengan pengelolaan Company from other cement manufacturers,
utang sementara sehubungan akuisisi pabrik Semen with full settlement of temporary debt due to
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Grobogan sebelumnya (temporary debt) yang telah previously acquiring Semen Grobogan Factory and
lunas sepenuhnya, disiplin CAPEX, dan kepatuhan disciplined CAPEX management, as well as strict
ketat terhadap regulasi perundang-undangan. compliance with laws and regulations. The Board
Dewan Komisaris mengapresiasi implementasi SOP of Commissioners commends the implementation
yang dipantau secara berkelanjutan, sistem internal of continuously monitored SOPs, robust internal
control yang kuat, serta orientasi pada stakeholder control system, and orientation towards stakeholder
satisfaction melalui program HSE Excellence dan satisfaction through HSE Excellence and inclusive
CSR inklusif. CSR programs.
Namun demikian, meskipun pencapaian GCG Nevertheless, despite the solid GCG achievements,
telah solid, Dewan Komisaris merekomendasikan the Board of Commissioners recommends further
penguatan lebih lanjut dalam penerapan digitalisasi strengthening on the implementation of AI-based
dashboard KPI berbasis AI untuk monitoring real- digital KPI dashboard for real-time monitoring, as
time, serta integrasi LST metrics dalam remunerasi well as integration of ESG metrics into executive
eksekutif. Pengawasan langsung ke internal audit remuneration. Direct supervision of internal audit
dan koordinasi lintas komite memastikan tidak ada and cross-committee coordination ensures there
celah dalam tata kelola, sehingga Indocement tetap are no gaps in governance, ensuring that Indocement
menjadi teladan tata kelola perusahaan terbaik di remains a leading example of corporate governance
industri semen Indonesia. in Indonesia’s cement industry.
Penerapan Manajemen Risiko Implementation of Risk Management
Dewan Komisaris memandang bahwa penerapan The Board of Commissioners believed that the
manajemen risiko Perseroan sepanjang tahun 2025 Company’s risk management implementation
telah berjalan secara memadai dan terintegrasi throughout 2025 was adequate and integrated
dengan praktik tata kelola perusahaan yang baik. with good corporate governance practices. The
Kerangka manajemen risiko diterapkan secara risk management framework was implemented
menyeluruh mulai dari tingkat Dewan Komisaris, comprehensively, from the Board of Commissioners,
Direksi, komite-komite pendukung, hingga satuan Board of Directors, supporting committees, and
kerja operasional, sehingga identifikasi, penilaian, operational work units, enabling systematic
mitigasi, dan pemantauan risiko dapat dilakukan risk identification, assessment, mitigation, and
secara sistematis, khususnya terkait risiko pasar, monitoring, particularly related to market risk,
energi, keuangan, operasional pabrik, serta energy, finance, factory operations, and regulatory
kepatuhan terhadap regulasi. compliance.
Dewan Komisaris menilai bahwa prinsip kehati- The Board of Commissioners believes that the
hatian yang diterapkan Direksi, antara lain dalam Board of Directors’ application of prudent principles,
pengelolaan leverage, pemilihan skema ekspansi including leverage management, selection of
berbasis operasi, disiplin CAPEX, dan pengelolaan operations-based expansion schemes, CAPEX
utang sementara yang telah dilunasi, menunjukkan discipline, and management of repaid temporary
efektivitas pengelolaan risiko keuangan dan debt, demonstrated the effectiveness of financial
investasi. Di sisi operasional, penerapan SOP yang and investment risk management. Operationally,
ketat, pengawasan K3 dan HSE, serta penguatan strict implementation of SOPs, OHS and HSE
internal control dan audit internal mendukung supervision, and strengthened internal control and
kemampuan Perseroan menjaga stabilitas kinerja di internal audits supported the Company’s ability
tengah oversupply industri semen, fluktuasi harga to maintain stable performance amidst cement
energi, serta tekanan perang harga. industry oversupply, energy price fluctuations, and
price war pressures.
Melalui rapat Dewan Komisaris, rapat komite Through the Board of Commissioners’ meetings, audit
audit, serta kunjungan ke pabrik, Dewan Komisaris committee’s meetings, and plant visits, the Board of
secara berkala mengevaluasi profil risiko Perseroan Commissioners regularly evaluates the Company’s
dan memberikan nasihat perbaikan atas langkah risk profile and provides advice on improvements
mitigasi yang dijalankan Direksi, termasuk to the mitigation measures implemented by the
pemanfaatan bahan bakar alternatif, optimalisasi Board of Directors, including the use of alternative
utilisasi pabrik, serta diversifikasi pasar. Dewan fuels, optimization of factory utilization, and
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Komisaris mendorong penguatan lebih lanjut melalui market diversification. The Board of Commissioners
peningkatan digitalisasi pemantauan risiko, integrasi fosters further strengthening through increased
indikator risiko utama (Key Risk Indicators/KRI) ke digitalization of risk monitoring, integration of Key
dalam dashboard manajemen, serta penyelarasan Risk Indicators (KRIs) into management dashboard,
manajemen risiko dengan agenda keberlanjutan and risk management alignment with sustainability
(LST) agar Perseroan tetap tangguh menghadapi agenda (ESG) to ensure the Company remains
dinamika bisnis dan regulasi di masa mendatang. resilient in facing future business and regulatory
dynamics.
Penerapan Sistem Pengendalian Internal Implementation of Internal Control System
Penerapan sistem pengendalian internal (SPI) The Company’s internal control system (SPI) was
Perseroan sepanjang tahun 2025 telah diterapkan implemented effectively and comprehensively
secara efektif dan komprehensif, mencakup seluruh throughout 2025, covering all operational, financial,
aspek operasional, keuangan, serta kepatuhan yang and compliance aspects in line with Good
selaras dengan standar Good Corporate Governance Corporate Governance (GCG) standards and OJK
(GCG) dan pedoman OJK. Melalui monitoring guidelines. Through regular monitoring, the Board of
rutin, Dewan Komisaris memverifikasi bahwa SPI Commissioners verified that SPI supported material
mendukung pencegahan risiko material, termasuk risk prevention, including in areas of production
di bidang efisiensi produksi, pengelolaan aset, dan efficiency, asset management, and accurate financial
pelaporan keuangan yang akurat. reporting.
SPI Perseroan menonjol melalui penerapan The Company’s SPI stands out through its rigorous
Standard Operating Procedures (SOP) yang ketat implementation of Standard Operating Procedures
dan di monitor secara berkelanjutan di seluruh (SOPs) and continuous monitoring across all business
unit bisnis, prinsip kehati-hatian finansial yang units, adherence to financial prudence principles
menghindari leverage berlebih, serta penguatan that avoid excessive leverage, and strengthened
internal control yang terbukti efektif dalam menjaga internal controls, proven effective in maintaining a
bottom line stabil meskipun menghadapi price war stable bottom line despite price wars and oversupply.
dan oversupply. Dewan Komisaris mengapresiasi The Board of Commissioners appreciates its direct
akses langsung Dewan Komisaris ke internal audit access to internal audit without restrictions, its
tanpa pembatasan, temuan rutin yang bersifat routine findings of micro-improvements such as
perbaikan mikro seperti safety compliance dan safety compliance and HSE, and its achievement of
HSE, serta pencapaian zero significant findings yang zero significant findings, confirming the integrity of
menegaskan integritas proses bisnis. its business processes.
Untuk optimalisasi berkelanjutan, Dewan Komisaris For continuous optimization, the Board of
merekomendasikan digitalisasi SPI melalui Commissioners recommends digitizing SPI through
dashboard AI berbasis Key Risk Indicators (KRI) AI-based dashboard based on Key Risk Indicators
untuk pemantauan real-time, integrasi LST controls (KRIs) for real-time monitoring, integration of ESG
dalam SOP operasional, serta audit berbasis controls into operational SOPs, and technology-
teknologi untuk efisiensi pengujian. Penguatan based audits for testing efficiency. This strengthening
ini akan memastikan SPI tetap adaptif terhadap will ensure SPI remains adaptive to the dynamics
dinamika industri semen, mendukung transformasi of cement industry, supports digital transformation,
digital, dan mempertahankan kepercayaan and maintains the trust of stakeholders, including
pemangku kepentingan termasuk pemegang saham its major shareholder, Heidelberg Materials.
utama Heidelberg Materials.
Penerapan Sistem Pelaporan Pelanggaran Implementation of Whistleblowing System
Penerapan Sistem Pelaporan Pelanggaran atau The implementation of Whistleblowing System
Whistleblowing System (WBS) di Perseroan selama (WBS) in the Company throughout 2025 was effective
tahun 2025 telah berjalan dengan efektif dan and supported the principles of transparency and
mendukung prinsip transparansi serta akuntabilitas accountability in corporate governance. This system
dalam tata kelola perusahaan. Sistem ini facilitates anonymous and secure reporting by
memfasilitasi pelaporan secara anonim dan aman employees and external stakeholders regarding
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bagi karyawan maupun pemangku kepentingan potential ethical violations, fraud, or non-compliance
eksternal mengenai potensi pelanggaran etika, with company policies, in accordance with Good
fraud, maupun ketidaksesuaian terhadap kebijakan Corporate Governance (GCG) guidelines and OJK
perusahaan, sesuai dengan pedoman Good Corporate regulations.
Governance (GCG) dan peraturan OJK.
Pelaporan melalui WBS dijalankan dengan Reporting through WBS is carried out by using
mekanisme yang jelas, dilengkapi dengan clear mechanism, complemented by whistleblower
perlindungan pelapor (whistleblower protection). protection. The Board of Commissioners conducts
Dewan Komisaris melakukan pemantauan secara regular monitoring through Audit Committee and
berkala melalui Komite Audit dan menerima laporan receives reports on the results of investigations to
hasil penyelidikan untuk memastikan tindak lanjut ensure appropriate and prompt follow-up on any
yang tepat dan cepat terhadap setiap penemuan violations discovered, while strengthening a culture
pelanggaran, sekaligus memperkuat budaya of compliance and integrity across all lines of the
kepatuhan dan integritas di seluruh lini operasional Company’s operations.
Perseroan.
Dewan Komisaris mendorong pengembangan dan The Board of Commissioners encourages the
peningkatan sistem WBS melalui peningkatan development and improvement of WBS system
sosialisasi dan pelatihan, integrasi teknologi digital through increased dissemination and training,
untuk kemudahan akses dan pelaporan real- integration of digital technology for easy access and
time, serta evaluasi berkelanjutan atas efektivitas real-time reporting, and continuous evaluation of
sistem ini dalam mencegah risiko reputasi dan system’s effectiveness in preventing reputational and
keuangan. Dengan upaya tersebut, WBS akan terus financial risks. With such efforts, WBS will continue
menjadi bagian penting dalam menjaga kepercayaan to be a vital part of maintaining stakeholders’ trust
pemangku kepentingan dan mendukung and supporting Indocement’s business sustainability.
keberlanjutan bisnis Indocement.
Penilaian atas Kinerja Komite-Komite di Performance Assessment of Committees
Bawah Dewan Komisaris under the Board of Commissioners
Dalam menjalankan tugas dan tanggung jawabnya, In carrying out its duties and responsibilities,
Dewan Komisaris dibantu oleh Komite Audit dan the Board of Commissioners is assisted by Audit
Komite Nominasi dan Remunerasi. Dewan Komisaris Committee and Nomination and Remuneration
memberikan apresiasi khusus atas upaya kedua Committee. The Board of Commissioners would
Komite tersebut dalam meningkatkan efektivitas like to express its special appreciation for both
pelaksanaan tugas dan fungsi Dewan Komisaris Committees’ efforts in improving the effectiveness
selama tahun 2025. Rekomendasi yang disampaikan of the Board of Commissioners’ duties and functions
oleh masing-masing komite telah diterima dan in 2025. Recommendations submitted by each
menjadi bahan pertimbangan Dewan Komisaris committee were accepted and considered by
dalam proses pengambilan keputusan atas usulan the Board of Commissioners in making decision
Direksi ataupun dalam penyusunan arahan dan on proposals from the Board of Directors and in
rekomendasi kepada Direksi. developing directives and recommendations to the
Board of Directors.
Komite Audit bertanggung jawab dalam membantu Audit Committee is responsible for assisting
Dewan Komisaris mengawasi penerapan sistem the Board of Commissioners in overseeing the
pengendalian internal, fungsi audit internal dan implementation of internal control system, internal
eksternal, pelaksanaan manajemen risiko dan and external audit functions, risk management
tingkat risiko Perseroan, termasuk juga upaya implementation and the Company’s risk levels,
mitigasi yang seharusnya dilakukan Perseroan, including the Company’s mitigation efforts, and
serta memastikan kepatuhan terhadap hukum dan ensuring compliance with the applicable laws and
peraturan perundang-undangan yang berlaku dalam regulations in GCG.
GCG.
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Sementara itu, Komite Nominasi dan Remunerasi Meanwhile, Nomination and Remuneration
yang memiliki tugas dan tanggung jawab dalam Committee, which is responsible for reviewing and
menelaah dan mengusulkan perencanaan suksesi proposing succession planning for members of the
anggota Direksi dan Dewan Komisaris, telah Board of Directors and Board of Commissioners,
melaksanakan tugas dengan baik sepanjang 2025. performed its duties satisfactorily throughout
Dewan Komisaris menilai bahwa Komite Nominasi 2025. The Board of Commissioners believes that
dan Remunerasi telah memberikan rekomendasi the Nomination and Remuneration Committee has
yang memadai berdasarkan hasil evaluasi yang provided adequate recommendations based on its
dilakukan. evaluation.
Perubahan Komposisi Dewan Komisaris Changes in the Board of Commissioners’
Composition
Pada tanggal 21 Mei 2025, Rapat Umum Pemegang On 21 May 2025, the Annual General Meeting of
Saham (RUPS) Tahunan menerima pengunduran diri Shareholders (GMS) accepted the resignation of Kevin
Kevin Gerard Gluskie sebagai Komisaris Perseroan Gerard Gluskie as Commissioner of the Company
dan mengangkat Suharso Monoarfa sebagai and appointed Suharso Monoarfa as Commissioner
Komisaris Perseroan untuk sisa masa jabatan Kevin of the Company for the remaining term of Kevin
Gerard Gluskie. Dengan demikian, komposisi Dewan Gerard Gluskie. Therefore, the composition of
Komisaris Perseroan pada 31 Desember 2025 adalah the Company’s Board of Commissioners as of
sebagai berikut: 31 December 2025 is as follows:
Komisaris Utama
Roberto Callieri
President Commissioner
Wakil Komisaris Utama/Komisaris Independen
Tedy Djuhar
Vice President Commissioner/Independent Commissioner
Wakil Komisaris Utama/Komisaris Independen
Simon Subrata
Vice President Commissioner/Independent Commissioner
Komisaris Independen
Franciscus Welirang
Independent Commissioner
Komisaris
Juan Francisco Defalque
Commissioner
Komisaris
René Samir Aldach
Commissioner
Komisaris
Suharso Monoarfa
Commissioner
Perseroan memberikan apresiasi setinggi-tingginya The Company would like to express its highest
disertai ucapan terima kasih kepada Kevin Gerard appreciation and gratitude to Kevin Gerard Gluskie
Gluskie atas dedikasi dan kontribusi yang diberikan for his dedication and contributions while serving as
selama menjabat sebagai Komisaris Perseroan. the Commissioner of the Company.
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Report of the Board of Directors
“ Dengan pendapatan sebesar
Rp17,7 triliun dan pangsa
pasar sebesar 29,1%, Perseroan
membuktikan ketangguhannya
dalam menghadapi dinamika
industri melalui strategi yang
adaptif, efisiensi yang disiplin,
dan komitmen terhadap
keberlanjutan.
With revenue of Rp17.7 trillion and a market
share of 29.1%, the Company demonstrated
its resilience in facing industry dynamics
through adaptive strategies, disciplined
efficiency, and commitment to
sustainability.
Christian
Kartawijaya
Direktur Utama
President Director
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Pemegang Saham dan Pemangku Kepentingan yang
5,9
Rp Terhormat,
Dear Honorable Shareholders and Stakeholders,
triliun | trillion
Kas dan Setara Kas Dengan penuh rasa syukur, With great gratitude, on behalf
Cash and Cash kami atas nama Direksi of the Board of Directors
Equivalents PT Indocement Tunggal Prakarsa of PT Indocement Tunggal
Tbk. menyampaikan apresiasi Prakarsa Tbk., we would like to
pada seluruh karyawan dan para express our appreciation to all
Pemangku Kepentingan atas employees and stakeholders
pencapaian kinerja Perseroan for the Company’s performance
sepanjang tahun 2025. Di throughout 2025. Amidst the
tengah dinamika industri dan industry dynamics and evolving
tantangan global yang terus global challenges, the Company
berkembang, Perseroan terus continues to strengthen its
memperkuat posisinya sebagai position as a leader in the
salah satu pemimpin industri national cement industry. This
semen nasional. Keberhasilan success is inseparable from the
ini tidak terlepas dari komitmen commitment and contribution
dan kontribusi seluruh Insan of all Company personnel
Perseroan yang terus mendukung who continuously support the
visi, misi, dan purpose Perseroan. Company’s vision, mission, and
purpose.
Sejalan dengan komitmen In line with this commitment, the
tersebut, Perseroan terus Company continues to strengthen
memperkuat strategi bisnis its business strategy by
melalui optimalisasi kapasitas optimizing production capacity,
produksi, peningkatan increasing operational efficiency,
efisiensi operasional, serta and developing sustainable
pengembangan solusi industri cement industry solutions.
semen berkelanjutan. Upaya Our transformation efforts
transformasi yang dilakukan not only focus on operational
tidak hanya berfokus pada aspects but also encompass
aspek operasional, tetapi juga digitalization, product innovation,
mencakup digitalisasi, inovasi and sustainable practice
produk, dan implementasi praktik implementation to address the
keberlanjutan guna menjawab increasingly complex challenges
tantangan industri semen yang of cement industry.
semakin kompleks.
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Atas nama Direksi, perkenankan kami menyampaikan On behalf of the Board of Directors, we would like laporan ini sebagai bentuk pertanggungjawaban atas to present this report as a form of accountability pencapaian kinerja Perseroan sepanjang tahun 2025, for the Company’s performance achievement sekaligus sebagai refleksi terhadap langkah-langkah throughout 2025, also as a reflection on strategic strategis yang telah diimplementasikan guna steps implemented to ensure business sustainability memastikan keberlanjutan bisnis dan kontribusi and the Company’s contribution to the national Perseroan bagi pembangunan ekonomi nasional. economic development. Kondisi Ekonomi dan Industri Semen Economic and Cement Industry Tahun 2025 Conditions in 2025 Kondisi ekonomi global pada tahun 2025 Global economy in 2025 was projected to experience diperkirakan mengalami pertumbuhan yang relatively slow and uncertain growth, with a projected relatif lambat dan penuh ketidakpastian, dengan growth of around 3.1% to 3.3%. This slowdown was proyeksi pertumbuhan sekitar 3,1% hingga 3,3%. primarily due to the risk of trade tensions between Perlambatan ini terutama disebabkan oleh risiko countries, protectionist policies, and economic ketegangan perdagangan antarnegara, kebijakan dynamics in developed countries such as the United proteksionis, dan dinamika ekonomi di negara maju States, which experienced declining employment seperti Amerika Serikat yang mengalami penurunan conditions and weak economic performance. Other kondisi ketenagakerjaan dan kinerja ekonomi yang factors contributing to pressure included geopolitical lemah. Faktor lain yang memberikan tekanan uncertainty, inflation in several countries, and adalah ketidakpastian geopolitik, inflasi di beberapa disruptions to global supply chain, which affected negara, serta gangguan pada rantai pasok global export demand in developing countries, including yang berdampak pada permintaan ekspor negara Indonesia. However, global economic activity berkembang termasuk Indonesia. Namun, aktivitas continued to demonstrate resilience, with several ekonomi global masih menunjukkan ketahanan improving indicators, such as declining inflation and dengan beberapa indikator membaik seperti inflasi recovering private sector confidence. yang menurun dan kepercayaan sektor swasta yang mulai pulih. Pada tingkat nasional, ekonomi Indonesia tahun At the national level, Indonesia’s economy remained 2025 tetap tangguh dengan pertumbuhan PDB resilient in 2025, with GDP growth reaching 5.11% mencapai 5,11% (yoy), didukung oleh konsumsi rumah (yoy), supported by household consumption, tangga, peningkatan investasi, serta kebijakan fiskal increased investment, and well-coordinated fiscal dan moneter yang terkoordinasi baik. Konsumsi and monetary policies. Household consumption rumah tangga tetap menjadi motor utama dengan remained the main driver, with growth reaching pertumbuhan 4,89% yang didukung oleh stimulus 4.89%, supported by government stimulus and pemerintah dan peningkatan mobilitas masyarakat. increased public mobility. Price stability was also Stabilitas harga juga terjaga dengan inflasi Desember maintained, with inflation in December 2025 at 2025 berada di angka 2,92%, masih dalam target 2.92%, still within the government’s target. The sasaran pemerintah. Pemerintah fokus menguatkan government focused on strengthening productive sektor produktif dan hilirisasi industri sebagai sector and downstream industries to support penopang pertumbuhan ekonomi berkelanjutan. sustainable economic growth. Industri semen di Indonesia menghadapi tantangan Cement industry in Indonesia faced significant berat pada 2025. Permintaan semen domestik challenges in 2025. Domestic cement demand in Indonesia sepanjang 2025 mengalami kontraksi Indonesia contracted 2.2% driven by weakening 2,2% dipicu oleh pelemahan daya beli masyarakat people’s purchasing power and significant dan dipotongnya anggaran infrastruktur 2025 infrastructure budget cut in 2025, focusing only secara signifikan dan berfokus hanya pada proyek- on the carry-over projects from 2024. Bag cement proyek yang berlanjut dari tahun 2024. Segmen market grew slightly 0.5%, while bulk cement semen kantong tumbuh 0,5%, sementara semen contracted 8.3% due to lower construction activity. curah terkontraksi 8,3% akibat rendahnya aktivitas konstruksi. 50 Laporan Tahunan 2025 Annual Report
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Persaingan harga yang ketat serta kondisi oversupply Fierce price competition and oversupply remain
masih menjadi masalah utama dalam industri semen major challenges in domestic cement industry.
domestik.
Tantangan yang Dihadapi Challenges Faced
Turunnya permintaan terhadap produk semen dan The decline in demand for cement products and
melemahnya daya beli masyarakat telah memicu weakening people’s purchasing power have triggered
terjadinya perang harga secara terbuka di industri open price wars in the national cement industry.
semen nasional. Persaingan ketat dari fighting Fierce competition from fighting brands is inevitable.
brand menjadi hal yang tidak terelakan. Karena itu, Therefore, the Company increases distribution of its
Perseroan meningkatkan distribusi dari fighting fighting brands, namely Semen Rajawali and Semen
brand yang dimiliki, yaitu Semen Rajawali dan Jempolan. Nevertheless, the Company limits the
Semen Jempolan. Namun demikian, Perseroan sales portion of fighting brands to a maximum of
membatasi porsi penjualan fighting brand hingga 25% to maintain margins. Furthermore, to maintain
maksimal 25% untuk menjaga margin. Selain itu, agar Semen Tiga Roda sales, the Company implements
penjualan Semen Tiga Roda tetap terjaga, Perseroan an appropriate strategic mix, ensuring that sales are
menerapkan bauran strategi yang tepat, sehingga not solely focused on Semen Rajawali and Semen
fokus penjualan tidak hanya pada merek Semen Jempolan brands, but also on maintaining Semen
Rajawali dan Semen Jempolan, tapi penjualan Tiga Roda's sales.
Semen Tiga Roda dapat tetap terjaga.
Selain tingkat persaingan yang meningkat, tantangan In addition to increased competition, another
lain yang dihadapi Perseroan adalah fluktuasi challenge the Company faces is fluctuation in energy
biaya energi, terutama batu bara yang dipengaruhi costs, particularly coal, which are affected by the
pelemahan nilai tukar Rupiah terhadap USD. Hal weakening Rupiah exchange rate against US dollar.
ini menambah beban operasional Indocement di This increases Indocement’s operational burden
tengah ketidakmampuan menaikkan harga premium amidst the inability to raise premium cement prices
semen akibat sensitivitas harga konsumen. Untuk due to consumer price sensitivity. To this end,
itu, Perseroan terus meningkatkan program efisiensi the Company continuously enhances efficiency
di berbagai bidang, termasuk pada bidang produksi programs in various areas, including production
dan distribusi melalui peningkatan penggunaan and distribution by increasing the use of alternative
bahan bakar alternatif dan bahan baku alternatif fuels and alternative materials and expanding its
dan penambahan footprint. footprint.
Di bisnis agregat, tahun 2025 Perseroan menghadapi In aggregate business, the Company faced significant
kendala yang cukup berat, khususnya pada paruh challenges in 2025, particularly in the second
kedua, setelah Pemerintah Provinsi Jawa Barat half, after the West Java Provincial Government
menerapkan kebijakan over-dimension-over-load implemented an over-dimension-over-load (ODOL)
(ODOL) untuk pengangkutan batu dan penutupan policy for stone delivery and temporarily closed
sementara operasional dari 26 tambang batu aktif di operations of 26 active stone quarries in Rumpin,
Rumpin, Jawa Barat per tanggal 26 September 2025, West Java as of 26 September 2025, even those with
meskipun telah memiliki izin. Kebijakan tersebut permits. This policy drastically reduced stone supply
mengurangi suplai batu secara drastis dan membuat and caused aggregate prices to spike significantly.
harga batu agregat mengalami lonjakan yang
signifikan.
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Inisiatif Strategis Perseroan Strategic Initiatives of the Company
Sepanjang tahun 2025, Indocement secara konsisten Throughout 2025, Indocement consistently
menguatkan posisinya di pasar sambil menargetkan strengthened its market position while targeting
pertumbuhan yang berkelanjutan di tengah sustainable growth amidst the increasingly fierce
persaingan industri semen yang semakin ketat. competition in the cement industry. The Company’s
Fokus strategi Perseroan terbagi pada dua pilar strategic focus is divided into two main pillars:
utama yakni peningkatan efisiensi dan penguatan increasing efficiency and strengthening sustainability,
keberlanjutan, yang dianggap sangat penting dalam which are considered crucial in facing current and
menghadapi tantangan industri semen saat ini future challenges in cement industry.
maupun di masa depan.
Dalam menghadapi persaingan yang semakin intensif, In facing the intensifying competition, efficiency
efisiensi menjadi prioritas utama bagi Indocement is a top priority for Indocement to enhance
untuk meningkatkan daya saing serta menjaga competitiveness and maintain profitability.
profitabilitas. Sementara itu, aspek keberlanjutan Meanwhile, sustainability serves as the foundation
menjadi fondasi strategi jangka panjang, yang sejalan of its long-term strategy, in line with the increasing
dengan meningkatnya perhatian global terhadap global attention to environmental issues and social
isu lingkungan dan tanggung jawab sosial di sektor responsibility in industrial sector.
industri.
Kedua fokus utama tersebut diterjemahkan dalam These two main focuses are translated into a
sejumlah inisiatif strategis yang dijalankan pada number of strategic initiatives implemented in 2025,
2025, antara lain: including:
1. Transformation Acceleration Initiative 1. Transformation Acceleration Initiative
Perseroan meluncurkan program Transformation The Company launched Transformation
Acceleration Initiative sebagai strategi percepatan Acceleration Initiative as a strategic
transformasi strategis untuk menghadapi kondisi transformation acceleration strategy to address
pasar semen yang menantang, dengan fokus challenging cement market conditions, with a
utama menetapkan target efisiensi biaya produksi primary focus on establishing measurable and
yang terukur dan berkelanjutan. Program sustainable production cost efficiency targets.
ini dirancang untuk mencapai percepatan This program is designed to achieve significant
penghematan biaya secara signifikan melalui cost-saving acceleration through optimization
optimalisasi seluruh rantai nilai, termasuk of the entire value chain, including reducing
pengurangan biaya operasional di area produksi, operational costs in production, distribution,
distribusi, dan logistik, di tengah oversupply and logistics, amidst domestic oversupply and
domestik, dan fluktuasi biaya energi. Inisiatif ini fluctuating energy costs. This initiative serves
menjadi pilar utama dalam mempertahankan as a key pillar in maintaining EBITDA margins
margin EBITDA sambil mendukung komitmen while supporting Indocement’s New Purpose
New Purpose Indocement yaitu Material to Build commitment, namely Material to Build Our Future,
Our Future melalui integrasi prinsip ekonomi by integrating circular economy principles and
sirkular dan pemakaian bahan bakar serta bahan utilizing more eco-friendly fuels and alternative
baku alternatif yang lebih ramah lingkungan. fuels.
Program ini menetapkan target spesifik seperti This program sets specific targets, such as
peningkatan utilisasi kapasitas pabrik melalui increasing factory capacity utilization through
otomatisasi dan digitalisasi, termasuk penerapan automation and digitalization, including
kecerdasan buatan (AI) pada expert system, application of artificial intelligence (AI) to expert
robotic, radar, serta sistem pengendalian safety systems, robotic, radar, and safety control
dan GCG. systems as well as GCG.
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2. Ekspansi Footprint dan Logistik 2. Footprint and Logistics Expansion
Tahun 2025, Indocement kembali melakukan In 2025, Indocement further expanded its
ekspansi footprint agar dapat menciptakan footprint to create a more efficient cost structure.
struktur biaya yang lebih efisien. Perseroan The Company acquired two cement terminals
mengakuisisi dua terminal semen di Siawung dan in Siawung and in Lombok, owned by Semen
di Lombok milik Semen Bosowa. Kedua Terminal Bosowa. These two terminals play a strategic role
ini memiliki fungsi yang sangat strategis dalam in strengthening the Company’s cement product
memperkuat distribusi produk semen Perseroan distribution in South Sulawesi and Lombok.
di wilayah Sulawesi Selatan dan Lombok. Meanwhile, in West Java, the Company added
Sementara di wilayah Jawa Barat, Perseroan one cement warehouse in Pandeglang Regency,
menambah satu gudang semen di Kabupaten Banten Province.
Pandeglang, Provinsi Banten.
Selain itu, Perseroan juga terus memperkuat Furthermore, the Company continues to
logistik, salah satunya dengan melakukan strengthen its logistics capabilities, including
pembelian kapal Harmoni I dengan kapasitas the purchase of Harmoni I vessel with a capacity
20.000 ton bersama mitra strategis. Kapal of 20,000 tons in collaboration with strategic
tersebut dimanfaatkan untuk mentransfer partner. This vessel is utilized to transfer clinker
klinker dari Kompleks Pabrik Maros ke fasilitas from Maros Factory to cement grinding facility in
penggilingan semen di Banyuwangi. Kemudian, Banyuwangi. Moreover, the Company improves
Perseroan juga meningkatkan efisiensi logistik logistics efficiency by upgrading the loading
melalui upgrade pada loading crane di Kompleks crane at Tarjun Factory, increasing the loading
Pabrik Tarjun sehingga kapasitas bongkar muat and unloading capacity to 10,000 tons per day.
dapat mencapai 10.000 ton per hari.
3. Perpanjangan Kontrak Kompleks Pabrik Maros 3. Maros Factory Contract Extension
Perseroan mengambil langkah strategis dengan The Company took a strategic step by extending
memperpanjang kontrak operasional pabrik the operational contract for Bosowa Maros
semen Bosowa Maros selama dua tahun, mulai cement factory for two years, starting in
September 2025. Perpanjangan ini dilakukan September 2025. This extension was carried out
melalui perjanjian sewa pakai aset dengan through asset lease agreement with PT Semen
PT Semen Bosowa Maros dan PT Bosowa Bosowa Maros and PT Bosowa Corporindo as an
Corporindo sebagai bagian dari upaya penguatan effort to strengthen business and expand market
bisnis serta ekspansi pasar di wilayah Indonesia in eastern Indonesia. This step also strengthens
bagian timur. Langkah ini juga memperkuat Indocement’s position in facing the dynamics
posisi Indocement dalam menghadapi dinamika of domestic cement market by expanding its
pasar semen domestik dengan memperluas basis production and distribution base.
produksi dan distribusi.
Perpanjangan kontrak ini memungkinkan This contract extension allows Indocement
Indocement untuk melanjutkan operasi pabrik to continue operating the factory at optimal
dengan kapasitas optimal, termasuk peningkatan capacity, including increasing the utilization
pemanfaatan bahan bakar alternatif yang telah of alternative fuels successfully operating
berhasil dioperasikan di Kompleks Pabrik Maros at Maros Factory since the third quarter of
sejak kuartal III-2025. Selain itu, pada 2025 2025. Furthermore, in 2025, Indocement also
Indocement juga mengakuisisi terminal Siawung acquired Siawung terminal, owned by Semen
milik Semen Bosowa yang mendukung logistik Bosowa, which supported product logistics and
dan distribusi produk dari pabrik tersebut. distribution from the factory.
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Kebijakan ini menunjukkan komitmen Indocement This policy demonstrates Indocement’s
untuk mempertahankan dan memperkuat commitment to maintaining and strengthening
keberadaan strategis di pasar semen Indonesia its strategic presence in eastern Indonesia’s
bagian timur, sekaligus mendukung efisiensi cement market, while also supporting operational
operasional dan keberlanjutan produksi. efficiency and production sustainability.
Perpanjangan kontrak juga sejalan dengan The contract extension is also in line with
tujuan jangka panjang Indocement memperkuat Indocement’s long-term goal of strengthening its
jaringan produksi dan distribusi guna menjaga production and distribution network to ensure
ketersediaan dan pelayanan produk semen di the availability and service of cement products in
pasar domestik. domestic market.
4. Keberlanjutan dan Energi Alternatif 4. Sustainability and Alternative Energy
Pada tahun 2025, Indocement memperkuat In 2025, Indocement strengthened its sustainability
kebijakan keberlanjutan melalui program Circular policies through Circular Energy Transformation
Energy Transformation dan Circular Economy and Circular Economy Transformation programs.
Transformation. Program ini menargetkan These programs targeted an overall 25% increase
peningkatan penggunaan bahan bakar alternatif in the use of alternative fuels. By the end of
hingga 25% secara keseluruhan. Hingga akhir December 2025, the Company’s use of alternative
Desember 2025, penggunaan bahan bakar fuels had reached 29%, of which 33.1% originated
alternatif Perseroan telah mencapai 29% dimana from Citeureup Factory
33,1%, berasal dari Kompleks Pabrik Citeureup.
Perseroan secara aktif memanfaatkan refuse- The Company actively utilizes refuse-derived
derived fuel (RDF) dari sampah kota seperti fuel (RDF) from municipal waste, such as from
TPST Bantargebang (±500 ton/hari dari target TPST Bantargebang (±500 tons/day from the
awal sebesar 625 ton/hari). Demikian pula, initial target of 625 tons/day). Furthermore, the
Perseroan telah menandatangani perjanjian Company signed an agreement to become the
untuk menjadi pembeli siaga (offtaker) untuk offtaker for Rorotan Plant’s RDF, with the target
RDF Plant Rorotan dengan target 875 ton/hari, of 875 tons/day, and signed an MoU to explore
serta menandatangani MoU untuk menjajaki collaboration with the government of Makassar
kolaborasi dengan pemerintah Makassar untuk to take RDF of up to 300 tons/day. The Company
mengambil RDF sampai dengan 300 ton/hari. is exploring to collaborate with various local
Perseroan tengah menjajaki untuk berkolaborasi governments such as Paser Regency Government,
dengan berbagai pemerintah daerah seperti East Kalimantan, and Banjar Regency Government,
Pemerintah Kabupaten Paser, Kalimantan Timur South Kalimantan, and other regions, to obtain
dan Pemerintah Kabupaten Banjar, Kalimantan RDF supply to substitute coal, which accounts
Selatan dan daerah lain untuk mendapatkan for around 40% of energy costs. RDF generates
pasokan RDF sebagai substitusi batu bara yang energy equivalent to 75% of coal at only around
menyumbang sekitar 40% biaya energi. RDF 40% of the cost, supported by biomass such as
menghasilkan energi setara 75% batu bara dengan rice husks, corn cobs, sawdust, and CO2-neutral
biaya hanya sekitar 40%, didukung biomassa coffee husks and palm oil, as well as investment
seperti sekam padi, bonggol jagung, serbuk in waste processing infrastructure.
kayu, serta cangkang kopi dan kelapa sawit yang
CO2-netral, serta investasi untuk infrastruktur
pengolahan sampah.
Kebijakan ini melibatkan MoU dengan 8–10 This policy involves MoUs with 8–10 local
pemerintah daerah, program Sedekah Sampah governments, internal Sedekah Sampah program,
internal, dan energi surya di Kompleks Pabrik and solar energy at Citeureup Factory, reducing
Citeureup, menurunkan emisi Scope 1 menjadi Scope 1 emissions to 534 kg CO2/ton of cement.
534 kg CO2/ton semen.
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Sebagai bagian dari program transisi energi, pada As part of its energy transition program, in
2025 Perseroan melakukan uji coba penggunaan 2025, the Company piloted the use of one EV
satu EV truck 60 ton untuk kuari dan dua EV truck of 60 tons for quarry and two EV trucks to
truck untuk transportasi kantong semen kosong deliver empty cement bags to packing houses at
ke packing house di Kompleks Pabrik Citeureup. Citeureup Factory. The use of this electric truck
Penggunaan truk listrik ini bertujuan untuk aims to create a cleaner, more efficient, and more
menciptakan sistem logistik internal yang lebih sustainable internal logistics system, in line with
bersih, efisien, dan berkelanjutan, sejalan dengan the Company’s commitment to environmentally
komitmen Perseroan terhadap praktik industri friendly industrial practices.
yang ramah lingkungan.
5. Penguatan Struktur Modal 5. Strengthening Capital Structure
Pada 2025, Perseroan mengambil kebijakan In 2025, the Company adopted a strategic policy
strategis untuk mengalihkan saham hasil to transfer shares from the Company’s shares
pembelian kembali saham (buyback) Perseroan buyback conducted during the 2021–2022 period
yang dilakukan pada periode 2021–2022 dengan by reducing issued and paid-in capital and shares
cara mengurangi modal ditempatkan dan disetor buyback as measures to strengthen the capital
serta melakukan pembelian kembali saham structure amid the volatile market conditions.
sebagai langkah memperkuat struktur modal The transfer of shares from share buyback was
di tengah kondisi pasar yang volatil. Pengalihan carried out in an amount not exceeding 50% of
saham hasil pembelian kembali saham dilakukan the total treasury shares, or approximately 165.6
dalam jumlah tidak melebihi 50% dari total saham million shares.
treasury atau sekitar 165,6 juta lembar saham.
Selain itu, Indocement menjalankan program Furthermore, Indocement implemented share
buyback saham dengan anggaran maksimal buyback program with a maximum budget of
sebesar Rp2,25 triliun yang dimulai sejak Mei Rp2.25 trillion, starting from May 2025 to May
2025 hingga Mei 2026. Buyback bertujuan 2026. The buyback is aimed at improving market
untuk meningkatkan persepsi pasar terkait perception regarding share valuation considered
valuasi saham yang dianggap undervalued serta undervalued and signalling confidence in the
memberikan sinyal keyakinan terhadap prospek Company’s future prospects. Funds for the
Perseroan di masa depan. Dana pelaksanaan buyback are sourced from the Company’s
buyback bersumber dari kas internal Perseroan internal cash without disrupting its financial and
tanpa mengganggu kondisi keuangan dan operational conditions. This share buyback does
operasional. Pembelian kembali saham ini tidak not exceed 10% of paid-in capital and is predicted
melebihi 10% dari modal disetor dan diprediksi to increase earnings per share even though the
dapat meningkatkan laba per saham meskipun Company’s total profit remains unchanged.
total laba Perseroan tidak berubah.
Kebijakan pengurangan modal ditempatkan dan The policy of reducing issued capital and shares
buyback saham tersebut menegaskan komitmen buyback emphasizes Indocement’s commitment
Indocement dalam menjaga struktur modal yang to maintaining sound capital structure, increasing
sehat, meningkatkan nilai pemegang saham, dan shareholders’ values, and maintaining the
fleksibilitas finansial Perseroan di tengah dinamika Company’s financial flexibility amidst challenging
pasar yang menantang, tanpa memberikan market dynamics, without negatively impacting
dampak negatif terhadap kelangsungan usaha business continuity and operational cash flow.
dan arus kas operasional.
6. Digitalisasi 6. Digitalization
Pada tahun 2025, Indocement mempercepat In 2025, Indocement accelerated its digital
transformasi digital melalui penerapan transformation by implementing artificial
kecerdasan buatan (AI), otomatisasi operasional, intelligence (AI), operational automation, and
dan digitalisasi end-to-end dari upstream hingga end-to-end digitalization from upstream to
downstream, sejalan dengan strategi TR-Produce, downstream, in line with its TR-Produce, TR-
TR-Connect, dan TR-Service untuk meningkatkan Connect, and TR-Service strategies to improve
efisiensi dan daya saing industri 4.0. efficiency and competitiveness in Industry 4.0.
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Selain itu, Perseroan juga menerapkan SAP Ariba Furthermore, the Company also implements SAP
sebagai platform pengadaan digital utama untuk Ariba as its primary digital procurement platform
mengoptimalkan proses procurement secara end- to optimize its end-to-end procurement process,
to-end, mencakup sourcing, bidding, pemesanan, encompassing sourcing, bidding, ordering, and
dan invoice management. Sebagai bagian dari invoice management. As part of the 2025 digital
transformasi digital 2025, Ariba memperkuat transformation, Ariba strengthened Indocement’s
pengelolaan rantai pasok Indocement dengan supply chain management with features such
fitur seperti Ariba Discovery untuk pencarian as Ariba Discovery for new supplier discovery,
supplier baru, mendukung ekspansi bisnis dan supporting business expansion, and improving
efisiensi biaya bahan baku semen. Penggunaan raw material cost efficiency for cement. This
ini selaras dengan inisiatif TR-Connect dan utilization is in line with TR-Connect initiatives and
otomatisasi operasional, meningkatkan operational automation, increasing procurement
transparansi procurement yang lebih baik transparency better than conventional methods.
dibandingkan metode konvensional.
Sebagai bagian dari program digitalisasi, As part of digitalization program, the Company
Perseroan juga telah menggunakan teknologi has also implemented global positioning system
global positioning system (GPS), yaitu sistem (GPS) technology, modern truck monitoring
pemantauan truk modern untuk pelacakan system for location tracking, and on-time delivery
lokasi dan monitoring pengiriman tepat waktu monitoring to ensure efficiency in cement
(on-time delivery) untuk memastikan efisiensi distribution by optimizing routes. Furthermore,
dalam distribusi semen dengan melakukan the Company utilizes Internet of Things (IoT)
optimalisasi rute. Selain itu, Perseroan juga for comprehensive visibility into inventory and
menggunakan Internet of Things (IoT) untuk delivery conditions.
visibilitas menyeluruh terhadap inventaris dan
kondisi pengiriman.
Perseroan meresmikan proyek CCP Mining di The Company inaugurates CCP Mining project
Kompleks Pabrik Citeureup yang mendigitalisasi at Citeureup Factory, which digitizes crusher
operasi crusher dan belt conveyor, serta and belt conveyor operations and applies
menerapkan AI untuk keselamatan dan kesehatan AI for occupational health and safety (OHS)
kerja (K3) dalam perayaan Hari K3 Sedunia. Upaya in celebration of World OHS Day. This effort
ini melanjutkan pencapaian penghargaan INDI continues the achievement of INDI 4.0 award for
4.0 untuk Aggressive Digitalization di Kompleks Aggressive Digitalization at Cirebon Factory, with
Pabrik Cirebon, dengan fokus pada otomatisasi a focus on distribution automation through toll
distribusi melalui konektivitas tol dan pelabuhan road connectivity and new ports.
baru.
Di bisnis beton siap-pakai (ready-mix concrete/ In ready-mix concrete (RMC) business, the
RMC), Perseroan juga telah menerapkan Company has also implemented concrete
beton control center sebagai pusat kendali control center as a centralized control and
dan pengawasan terpusat untuk memastikan monitoring center to ensure efficient, consistent,
operasional produksi beton siap-pakai berjalan and stringent quality standards for ready-mix
efisien, konsisten, dan sesuai standar mutu yang concrete production operations. Technology
ketat. Penggunaan teknologi di control room utilization in control room enables a high level of
memungkinkan tingkat automasi yang tinggi, automation, reduces human error, and ensures
mengurangi kesalahan manusia, dan memastikan product consistency on a large scale. This
konsistensi produk dalam skala besar. Hal matter supports an efficient production with the
ini mendukung produksi yang efisien dengan capacity of up to thousands of cubic meters per
kapasitas hingga ribuan meter kubik per jam di hour across all batching plants.
seluruh batching plant.
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7. Perkuat Bisnis Mortar di Indonesia 7. Strengthen Mortar Business in Indonesia
Indocement melalui entitas anaknya, Indocement, through its subsidiary, PT Pionirbeton
PT Pionirbeton Industri, telah membentuk Industri, has formed a joint venture with PT Cipta
usaha patungan dengan PT Cipta Mortar Utama Mortar Utama (part of Saint-Gobain Group) by
(bagian dari Saint-Gobain Group) dengan menjual selling 60% of PT Mortar Prakarsa Utama (MPU)
60% saham PT Mortar Prakarsa Utama (MPU). shares. MPU operates three production facilities
MPU mengoperasikan tiga fasilitas produksi di in West Java and Sumatra, producing flagship
Jawa Barat dan Sumatra, menghasilkan produk mortar products such as TR-30 and TR-10 series.
unggulan seperti Mortar TR-30 dan seri TR-10. The partnership is expected to generate strong
Kemitraan ini diharapkan menciptakan sinergi synergies in product innovation, marketing,
kuat dalam inovasi produk, pemasaran, layanan customer service, and distribution. This move
pelanggan, dan jaringan distribusi. Langkah aligns with Indocement’s long-term strategy
ini sejalan dengan strategi jangka panjang to strengthen its mortar business and meet
Indocement untuk memperkuat bisnis mortar Indonesia’s growing construction demand under
dan memenuhi permintaan konstruksi yang terus its vision of Material to Build Our Future.
meningkat di Indonesia dengan visi Material to
Build Our Future.
Kinerja dan Pencapaian Target Tahun Performance and Target Achievement in
2025 2025
Kendati menghadapi tantangan yang tidak Despite facing significant challenges throughout
ringan sepanjang 2025, Perseroan masih dapat 2025, the Company still managed to record
membukukan kinerja yang positif. Selain itu, kinerja positive performance. Furthermore, the Company’s
yang dibukukan Perseroan secara umum berada di performance was generally above the national
atas rata-rata industri semen nasional. Realisasi cement industry average. The actual cement
produksi semen mencapai 18,5 juta ton, turun production reached 18.5 million tons, decreasing by
5,61% dari tahun sebelumnya 19,6 juta ton. Kendati 5.61% from that of the previous year of 19.6 million
demikian, tingkat utilisasi pabrik Perseroan tercatat tons. Nevertheless, the Company’s factory utilization
sebagai yang tertinggi diantara pemain di industri rate was the highest among other players in cement
semen lainnya, yaitu dengan utilisasi sebesar 55,2%. industry, with 55.2% utilization.
Sepanjang 2025, Perseroan membukukan Throughout 2025, the Company recorded net
pendapatan neto sebesar Rp17.731 miliar, lebih rendah revenues of Rp17,731 billion, decreased by 4.4% from
4,4% dari tahun sebelumnya sebesar Rp18.549 that of the previous year of Rp18,549 billion. Such
miliar. Pencapaian tersebut berada di bawah target achievement fell short of the target set of Rp20,651
yang ditetapkan sebesar Rp20.651 miliar. Tidak billion. The failure to achieve the net sales target
tercapainya target penjualan neto tersebut utamanya was primarily due to the declining domestic cement
disebabkan kondisi pasar semen domestik yang market 2.2% in 2025. Furthermore, the Company
mengalami penurunan 2,2% pada 2025. Selain itu, limited the sales of its fighting brands to a range
Perseroan juga membatasi penjualan fighting brand of 20-30% of the total sales. This measure was part
pada kisaran 20–30% dari total penjualan. Langkah of the Company’s strategy to maintain a healthy
tersebut merupakan bagian dari strategi Perseroan EBITDA margin.
agar dapat mempertahankan EBITDA margin pada
posisi yang baik.
Penurunan pendapatan neto Perseroan juga The decline in the Company’s net revenues was
disebabkan turunnya pendapatan di segmen beton also due to the decline in revenues in ready-mix
siap-pakai. Pada 2025, penjualan beton siap-pakai concrete segment. In 2025, ready-mix concrete sales
turun 15,1% menjadi Rp1.518 miliar karena minimnya decreased by 15.1% to Rp1,518 billion due to the lack
proyek infrastruktur dan properti. Sedangkan of infrastructure and property projects. Meanwhile,
pendapatan segmen agregat terkoreksi 0,2% menjadi revenues in aggregate segment decreased by 0.2% to
Rp252,3 miliar karena adanya kebijakan pemerintah Rp252.3 billion due to the sudden implementation
daerah yang diterapkan secara mendadak untuk of local government policies, limiting that only two-
membatasi truk dua sumbu saja yang boleh axle trucks can operate in West Java province.
beroperasi di Provinsi Jawa Barat.
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Namun demikian, kendati pendapatan neto Nevertheless, despite the decline in net revenues, Perseroan mengalami penurunan, namun laba tahun the Company’s profit for the year actually increased berjalan yang dibukukan Perseroan justru mengalami by 12.0% to Rp2,249 billion from Rp2,008 billion in peningkatan 12,0% menjadi Rp2.249 miliar dari tahun the previous year. This was due to the Company’s sebelumnya sebesar Rp2.008 miliar. Hal tersebut tak efficiency and ongoing efforts, which reduced the lepas dari upaya efisiensi dan usaha berkelanjutan cost of revenues and operating expenses by 4.2% yang dilakukan Perseroan, sehingga dapat menekan and 1.1%, respectively. beban pokok pendapatan dan beban usaha masing- masing sebesar 4,2% dan 1,1%. Pada 2025, Perseroan juga mencatat pertumbuhan In 2025, the Company also recorded a growth in the jumlah aset sebesar 4,3% menjadi Rp31.725 miliar total assets of 4.3% to Rp31,725 billion from Rp30,420 dari Rp30.420 miliar di 2024 dan peningkatan jumlah billion in 2024 and an increase in total equity of 4.9% ekuitas sebesar 4,9% menjadi Rp23.203 miliar dari to Rp23,203 billion from Rp22,114 billion in 2024. Rp22.114 miliar di 2024. Prospek Usaha Business Prospects Perseroan memproyeksikan prospek usaha yang positif The Company projects positive business prospects in pada 2026 didukung oleh pemulihan permintaan 2026, supported by the recovery in cement demand semen setelah tekanan pada 2025. Pemerintah after pressure in 2025. The government targets menargetkan pertumbuhan ekonomi Indonesia di Indonesia’s economic growth in the range of 5.4% to kisaran 5,4% sampai 5,6% pada 2026, sementara Bank 5.6% in 2026, while Bank Indonesia projects growth Indonesia memproyeksikan pertumbuhan antara 4,9% between 4.9% and 5.7%. Although some international hingga 5,7%. Meskipun beberapa lembaga internasional institutions predict slightly more conservative memprediksi pertumbuhan sedikit lebih konservatif growth of around 5%, optimism is maintained in sekitar 5%, optimisme tetap terjaga seiring dengan line with the government’s fiscal stimulus package, paket stimulus fiskal pemerintah, penurunan suku interest rate cuts, and VAT incentives extension bunga, dan perpanjangan insentif PPN untuk sektor for residential sector expected to boost domestic residensial yang diharapkan mendorong konsumsi consumption and investment. domestik dan investasi. Di sektor semen, Indocement mengantisipasi In cement sector, Indocement anticipates a demand peningkatan permintaan sekitar 1% pada 2026 increase of around 1% in 2026 after a decline in setelah penurunan volume pasar domestik sebesar domestic market volume of 2.2% in 2025, partly 2,2% di 2025 yang sebagian terdampak oleh impacted by weakening purchasing power and melemahnya daya beli dan pemotongan anggaran infrastructure budget cuts. The main drivers of the infrastruktur. Dorongan utama prospek positif positive outlook come from government policies berasal dari kebijakan pemerintah yang fokus that focus on public infrastructure development, pada pembangunan infrastruktur publik, program construction and renovation program for three pembangunan dan renovasi tiga juta rumah, serta million houses, and increased budget allocations peningkatan alokasi anggaran sektor pekerjaan for public works sector. Furthermore, post-flood umum. Selain itu, program rekonstruksi pasca banjir reconstruction program in Sumatra will also drive di Sumatra juga akan turut mendorong pertumbuhan cement industry growth in 2026. In 2025, Indocement industri semen di 2026. Pada 2025, Indocement held a domestic market share of 29.1% and managed memegang pangsa pasar domestik sekitar 29,1% dan to boost clincker exports with a significant surge of berhasil mendorong ekspor klinker dengan lonjakan 80.6%. signifikan 80,6%. Kinerja tahun 2026 mendapat manfaat dari efisiensi Performance in 2026 is to benefit from cost biaya, penggunaan bahan bakar alternatif yang efficiencies, the use of sustainable alternative berkelanjutan, dan ekspansi jaringan distribusi serta fuels, distribution network expansion, and strategic akuisisi strategis. Demikian pula, adanya kenaikan acquisitions. Additionally, the Government's budgeted 58 Laporan Tahunan 2025 Annual Report
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budget infrastruktur yang dianggarkan Pemerintah infrastructure budget increase of more than 30%
naik lebih dari 30% serta rencana meningkatkan and the plan to nearly triple the construction of
pembangunan rumah subsidi hampir 3 kali lipat di subsidized housing in 2026 are expected to provide
tahun 2026 diharapkan akan memberi katalis positif positive catalysts for cement demand growth.
untuk pertumbuhan permintaan semen. Para analis Analysts view Indocement as a leading choice in
melihat Indocement sebagai pilihan utama dalam Indonesia’s cement industry, with strong market
industri semen di Indonesia dengan posisi pasar position and attractive valuation amidst market
yang kuat dan valuasi menarik di tengah dinamika dynamics. However, challenges remain, including
pasar. Namun, tantangan tetap ada, termasuk risiko the risk of depreciated Rupiah exchange rate and
kurs Rupiah yang terdepresiasi dan kenaikan biaya rising cost of living, which puts pressure on people’s
hidup yang memberikan tekanan terhadap daya beli weakening purchasing power.
masyarakat yang melemah.
Secara keseluruhan, prospek Indocement pada Overall, Indocement’s prospects for 2026 are quite
tahun 2026 cukup optimis dengan dukungan optimistic, supported by stable national economic
pertumbuhan ekonomi nasional yang stabil, growth, pro-growth government policies, and
kebijakan pro pertumbuhan pemerintah, serta synergy between efficiency strategies and product
sinergi antara strategi efisiensi dan inovasi produk innovation to meet construction and property
dalam memenuhi permintaan konstruksi dan demand. This matter positions Indocement as a key
properti. Hal ini menempatkan Indocement sebagai player ready to leverage the recovery momentum of
pemain utama yang siap memanfaatkan momentum Indonesia’s cement industry in 2026.
pemulihan industri semen di Indonesia pada 2026.
Peran Direksi dalam Perumusan Strategi Role of Board of Directors in
dan Kebijakan Strategis Formulating Strategies and Strategic
Policies
Kebijakan strategis Perseroan dirumuskan Direksi The Company’s strategic policies are formulated by
dalam bentuk target dan rencana kerja, yang disetujui the Board of Directors in form of targets and work
Dewan Komisaris. Proses ini dipimpin Management plans, approved by the Board of Commissioners. This
Transformation Team (MTT)—tim lintas fungsi yang process is led by the Management Transformation
melibatkan Direktur, General Manager, dan Kepala Team (MTT)—a cross-functional team involving
Divisi—untuk menganalisis kondisi Perseroan, Directors, General Managers, and Division Heads—to
tantangan, serta peluang strategis. analyze the Company’s condition, challenges, and
strategic opportunities.
MTT menyelenggarakan serangkaian pertemuan guna MTT holds a series of meetings to formulate
merumuskan kebijakan yang selaras dengan visi, policies in line with the Company’s vision, mission,
misi, dan purpose Perseroan. Direksi berkomunikasi and purpose. The Board of Directors regularly
rutin dengan manajer melalui Executive Retreat, communicates with managers through Executive
Executive Strategic Forum, dan Quantum Challenge Retreats, Executive Strategic Forums, and Quantum
Briefing, sementara pemantauan dilakukan melalui Challenge Briefings, while monitoring is carried out
rapat berkala MTT. through periodic MTT meetings.
Usulan MTT dievaluasi Direksi untuk menyusun MTT’s proposals are evaluated by the Board of
target tahunan dan jangka panjang, kemudian Directors to develop annual and long-term targets,
disampaikan kepada Dewan Komisaris untuk then submitted to the Board of Commissioners for
mendapat persetujuan. Setelah disetujui, strategi approval. Once approved, the strategies and targets
dan target dipresentasikan kepada pemegang saham are presented to shareholders at the GMS.
melalui RUPS.
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Proses yang Diterapkan Direksi untuk Processes Applied by the Board
Memastikan Implementasi Strategi of Directors to Ensure Strategy
Implementation
Direksi memastikan setiap unit bisnis memahami dan The Board of Directors ensures that each business
menjalankan strategi Perseroan secara konsisten. unit understands and consistently implements
Untuk mencapai hal tersebut, Direksi bersama MTT the Company’s strategy. To achieve this matter,
terlibat langsung dalam pemantauan implementasi the Board of Directors, along with MTT, is directly
strategi serta mendorong lahirnya inisiatif dan involved in monitoring strategy implementation and
ide inovatif yang mendukung pencapaian tujuan encouraging innovative initiatives and ideas that
Perseroan. support the achievement of the Company’s goals.
MTT secara berkala menyampaikan laporan kepada MTT regularly reports to the Board of Directors on
Direksi mengenai perkembangan pelaksanaan the progress of strategic policy implementation.
kebijakan strategis. Melalui komunikasi yang intensif Through intensive communication between the
antara Direksi, MTT, dan jajaran terkait, Direksi dapat Board of Directors, MTT, and relevant staff, the Board
menyesuaikan arah kebijakan strategis berdasarkan of Directors can adjust the strategic policy direction
dinamika terbaru. based on the latest dynamics.
Selain itu, Perseroan juga memiliki Quantum Furthermore, the Company has Quantum
Challenge Officer yang bertugas mengadministrasikan Challenge Officer in charge of administering and
dan mengevaluasi pencapaian proyek, memonitor evaluating project achievements, monitoring the
pelaksanaannya, serta berperan sebagai PDCA (Plan, implementation, and acting as PDCA (Plan, Do,
Do, Check, Act) Officer bagi MTT. Check, Act) Officer for MTT.
Penerapan Tata Kelola Perusahaan Implementation of Corporate
Governance
Perseroan terus menunjukkan komitmennya The Company continuously demonstrates its
terhadap praktik tata kelola perusahaan yang baik commitment to Good Corporate Governance (GCG)
(Good Corporate Governance/GCG) melalui berbagai practices through various initiatives and significant
inisiatif dan capaian penting. Penerapan prinsip- achievements. The implementation of GCG principles,
prinsip GCG seperti transparansi, akuntabilitas, such as transparency, accountability, responsibility,
tanggung jawab, independensi, serta kewajaran dan independence, and fairness and equality, is further
kesetaraan, semakin diperkuat di seluruh jenjang strengthened at all levels of the organization.
organisasi.
Tahun 2025, Indocement kembali masuk sebagai In 2025, Indocement was again recognized as one of
salah satu perusahaan dengan tata kelola terbaik the companies with the best corporate governance,
yang mendapatkan penghargaan di ajang IICD receiving awards at IICD Corporate Governance
Corporate Governance Awards dan Top CSR Awards and Top CSR Awards. Other awards received
Awards. Penghargaan lain yang diraih salah satunya include Top Leader on CSR Commitment 2025
adalah Top Leader on CSR Commitment 2025 atas for the alignment of CSR programs with business
keselarasan program CSR dengan strategi bisnis dan strategy and adoption of ISO 26000:2010 standard
adopsi standar ISO 26000:2010 tentang tanggung on social responsibility.
jawab sosial.
Indocement melakukan pembaruan dan penguatan Indocement renews and strengthens its governance
struktur tata kelola, termasuk komite-komite structure, including committees such as Audit
seperti Komite Audit, Komite Nominasi, Remunerasi, Committee, Nomination and Remuneration
Komite Etika, Komite Hak Asasi Manusia dan Komite Committee, Ethics Committee, Human Rights
ESG (Environment, Social, Governance). Perubahan Committee, and ESG (Environment, Social, and
komposisi Dewan Komisaris dan Direksi juga Governance) Committee. Changes to the composition
disesuaikan agar lebih adaptif terhadap dinamika of the Board of Commissioners and Board of Directors
bisnis dan regulasi terbaru, sehingga efektivitas are also adjusted to be more adaptive to business
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pengawasan dan pengambilan keputusan semakin dynamics and the latest regulations, thus optimizing
optimal. the effectiveness of oversight and decision-making.
Selain itu, Perseroan juga semakin memperluas Furthermore, the Company expands the use of
penggunaan sistem digital untuk transparansi, digital systems for transparency, reporting, and
pelaporan, serta akses informasi bagi pemangku access to information for stakeholders. In addition
kepentingan. Selain penguatan pelaksanaan audit to strengthening the implementation of internal and
internal dan eksternal sesuai prinsip kehati- external audits in accordance with prudent principles,
hatian, Indocement turut meningkatkan efektivitas Indocement also improves the effectiveness
pelaporan keberlanjutan dan LST. Inovasi digital ini of sustainability and ESG reporting. This digital
membuat proses monitoring dan akuntabilitas lebih innovation makes monitoring and accountability
terstruktur dan efisien. process more structured and efficient.
Indocement menempatkan tata kelola sebagai Indocement places governance as a key foundation
fondasi utama dalam mendukung program in supporting sustainability programs, including
keberlanjutan, termasuk circular economy, circular economy, utilization of new and renewable
pemanfaatan energi baru dan terbarukan, serta energy, and GCG-based business risk management.
pengelolaan risiko bisnis berbasis GCG.
Dengan strategi penguatan struktur tata kelola, With the strategy of strengthening governance
konsistensi dalam kepatuhan regulasi, inovasi structures, consistent regulatory compliance, digital
digital, serta integrasi prinsip keberlanjutan, innovation, and sustainability principles integration,
penerapan GCG di Indocement selama 2025 Indocement’s GCG implementation in 2025 was
semakin komprehensif dan berkelanjutan, sehingga increasingly comprehensive and sustainable, thereby
memperkuat kepercayaan investor dan seluruh strengthening investor and stakeholder confidence.
pemangku kepentingan.
Komitmen Keberlanjutan dan LST Sustainability Commitment and ESG
Indocement terus memperkuat komitmen Indocement continuously strengthens its
keberlanjutan dan LST melalui inisiatif inovatif yang sustainability and ESG commitments through
selaras dengan agenda Net Zero Emission nasional innovative initiatives in line with the national and
dan global, didukung pembentukan Komite ESG global Net Zero Emission agenda. This is supported
sejak 2021 untuk mengintegrasikan aspek lingkungan, by the establishment of ESG Committee in 2021 to
sosial, dan tata kelola dalam strategi bisnis. integrate environmental, social, and governance
aspects into business strategy.
Komite ESG merumuskan strategi LST, mengawasi ESG Committee formulates ESG strategies, oversees
program, dan mengevaluasi kinerja tahunan sesuai programs, and evaluates annual performance in
Peta Jalan SDGs 2030 dan regulasi OJK, memastikan accordance with the 2030 SDGs Roadmap and OJK
kolaborasi multi pihak dengan BUMDes, pemerintah, regulations. It also ensures multiparty collaboration
dan masyarakat untuk pemberdayaan ekonomi lokal with BUMDes, the government, and community
serta perlindungan ekosistem seperti program Pulau for local economic empowerment and ecosystem
Capung dan mangrove. Komitmen ini terintegrasi protection, such as Pulau Capung and mangrove
dalam pelaporan keberlanjutan, pengurangan jejak programs. This commitment is integrated into
karbon melalui blended cement dan CDM, serta sustainability reporting, carbon footprint reduction
program CSR yang mendukung inovasi sosial- through blended cement and CDM, and CSR
ekonomi seperti Hati Manis dari sampah laut, programs that support socio-economic innovations
memperkuat posisi Indocement sebagai pemimpin such as Hati Manis from marine waste, strengthening
industri semen berkelanjutan di Indonesia. Indocement’s position as the leader in sustainable
cement industry in Indonesia.
Tahun 2025, Perseroan memajukan ekonomi sirkular In 2025, the Company promoted circular economy
melalui program Circular Energy Transformation through Circular Energy Transformation and Circular
dan Circular Economy Transformation, termasuk Economy Transformation programs, including the
pemanfaatan RDF dari sampah, biomassa seperti utilization of RDF from waste, biomass such as
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bonggol jagung, energi surya di Pabrik Citeureup, corn cobs, solar energy at Citeureup Factory, and
serta substitusi klinker dengan fly ash, slag, dan trass substitution of clinker with fly ash, slag, and trass
untuk semen hidraulis beremisi rendah. Penggunaan for low-emission hydraulic cement. The use of
bahan bakar alternatif tahun 2025 mencapai 29% alternative fuels reached 29% in 2025 and reduced
dan menurunkan emisi GRK menjadi 512 kg CO2 per GHG emissions to 512 kg CO2 per ton of cement.
ton semen.
Pada aspek sosial, Indocement menjalankan program In social aspect, Indocement implements CSR
CSR berbasis lima pilar utama: pendidikan, kesehatan, program based on five main pillars: education, health,
ekonomi, keamanan, serta sosial-budaya-religi- economy, security, and socio-cultural-religious-
olahraga-infrastruktur, dengan pencapaian melebihi sports-infrastructure, with the achievement
target melalui Forum Komunikasi Pembangunan exceeding the target through Community
Masyarakat (Bilikom) di desa mitra. Inovasi seperti Development Communication Forum (Bilikom) in
Jangkrik BOS di lahan pascatambang Kompleks partner villages. Innovation such as Jangkrik BOS
Pabrik Citeureup memberdayakan petani lokal untuk in post-mining area of Citeureup Factory empowers
beternak jangkrik, meningkatkan pendapatan dan local farmers to raise crickets, increasing income and
biodiversitas hingga 38 spesies serangga dengan nilai biodiversity of up to 38 insect species, with a social
social return on investment (SROI) 2,23, sementara return on investment (SROI) of 2.23. Meanwhile,
program Palimanan Merdeka dan Lestari di Cirebon innovation like Palimanan Merdeka and Lestari
mengolah limbah menjadi energi dengan SROI 3,44. program in Cirebon processes waste into energy,
Program kesehatan menjangkau 12 desa mitra fokus with an SROI of 3.44. Health programs reach 12
pencegahan stunting, penyakit tidak menular, serta partner villages, focusing on preventing stunting and
edukasi ibu-anak-lansia, didukung inisiatif karyawan non-communicable diseases, as well as educating
seperti Indocement Baik untuk donasi pendidikan mothers, children, and the elderly, supported by
dan renovasi fasilitas masyarakat. employee initiatives such as Indocement Baik
for educational donations and community facility
renovations.
Melalui penerapan berbagai strategi tersebut, tahun Through the implementation of these various
2025 Perseroan meraih predikat Excellent di Indonesia strategies, the Company achieved Excellent title in
Green & Sustainable Company Award (IGSCA) 2025 the 2025 Indonesia Green & Sustainable Company
untuk inovasi circular economy, Platinum Award Award (IGSCA) for circular economy innovation,
di Circular Economy & Sustainability Awards untuk Platinum Award in Circular Economy & Sustainability
efisiensi energi, serta tujuh penghargaan di EPSA Awards for energy efficiency, and seven awards
2025 seperti Gold di Low Carbon Innovation dan at the 2025 EPSA, including Gold in Low Carbon
Silver di Green Power Innovation. Prestasi ini juga Innovation and Silver in Green Power Innovation.
termasuk Platinum dan Silver di ENSIA 2025 untuk These achievements also included Platinum and
pengelolaan sampah RDF BUMDes dan reduksi Silver awards at the ENSIA 2025 for BUMDes RDF
limbah B3, serta Gold dan Silver di CSR & PDB waste management and B3 waste reduction, as well
Awards 2025 atas program desa berkelanjutan. as Gold and Silver awards at CSR & PDB Awards
2025 for the sustainable village program.
Penilaian Kinerja Komite di Bawah Performance Assessment of Committees
Direksi Under the Board of Directors
Direksi telah membentuk empat Komite yang The Board of Directors has established four
bertugas untuk membantu Direksi untuk memastikan committees in charge of assisting the Board
operasional Perseroan pada bidang yang menjadi of Directors in ensuring that the Company’s
fokus dari masing-masing Komite telah sesuai dengan operations in their respective focus areas comply
peraturan perundang-undangan dan ketentuan yang with applicable laws and regulations and assisting
berlaku serta dapat membantu Perseroan untuk the Company in realizing its vision, mission, and
mewujudkan visi, misi, dan purpose Perseroan. purpose. In 2025, the Board of Directors assessed
Tahun 2025, Direksi menilai seluruh Komite telah that all committees adequately carried out their
menjalankan tugas dan tanggung jawabnya dengan duties and responsibilities in accordance with their
baik sesuai dengan piagam masing-masing Komite. respective charters.
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Komite Keselamatan Safety Committee
Komite Keselamatan memiliki peran yang sangat The Safety Committee plays a very important
penting untuk memastikan bahwa operasional role in ensuring that the Company’s operations
Perseroan telah sesuai dengan ketentuan yang comply with applicable regulations and, most
berlaku dan yang terpenting adalah untuk importantly, ensuring the health and safety of all
memastikan kesehatan dan keselamatan bagi Company personnel in carrying out their duties
seluruh Insan Perseroan dalam menjalankan and responsibilities. In 2025, Safety Committee
tugas dan tanggung jawabnya. Pada 2025, Komite held four meetings to review and evaluate OHS
Keselamatan melakukan rapat sebanyak empat kali, procedures applicable to the Company. The Safety
untuk menelaah dan mengevaluasi prosedur K3 Committee has also submitted regular reports to
yang berlaku di Perseroan. Komite Keselamatan juga the management, enabling them to make the best
telah menyampaikan laporan secara berkala kepada decisions to continuously improve the quality of OHS
manajemen, sehingga manajemen dapat mengambil implementation, including hazard risk management
keputusan terbaik untuk terus meningkatkan kualitas within the Company. There was zero fatality at work.
penerapan K3, termasuk pengelolaan risiko hazard
di lingkungan Perseroan. Tidak terjadi kecelakaan
kerja yang menyebabkan korban jiwa (zero fatality).
Komite Etika Ethics Committee
Komite Etika dibentuk untuk memastikan Pedoman The Ethics Committee is established to ensure
Etika Indocement telah menjadi bagian yang tidak that Indocement’s Code of Conduct has become
terpisahkan dari seluruh Insan Perseroan. Hal ini an integral part of all Company personnel. This is
merupakan bagian dari komitmen Perseroan untuk part of the Company’s commitment to conducting
menjalankan kegiatan usaha yang sesuai dengan business activities in accordance with applicable
peraturan perundang-undangan yang berlaku. Pada laws and regulations. In 2025, the Ethics Committee
2025, Komite Etika telah melakukan pengawasan oversaw the implementation of Indocement’s Code
atas penerapan Pedoman Etika Indocement. Selama of Conduct. Throughout 2025, there were no ethical
2025, tidak ada pelanggaran etika yang dilakukan violations committed by Company personnel.
oleh Insan Perseroan.
Komite ESG ESG Committee
Komite ESG Indocement berfungsi strategis untuk Indocement’s ESG Committee plays a strategic
menyelaraskan seluruh operasi perusahaan dengan role in aligning all company's operations with the
agenda Sustainable Development Goals (SDGs) Sustainable Development Goals (SDGs) agenda in
di bidang lingkungan, sosial, dan tata kelola yang environmental, social, and sustainable governance.
berkelanjutan. Sepanjang tahun, Komite ini secara Throughout the year, the Committee conducted
intensif melakukan koordinasi internal maupun intensive internal coordination as well as coordination
dengan mitra eksternal, termasuk perusahaan with external partners, including independent ESG
pemeringkat ESG independen yang mengevaluasi rating companies, which continuously evaluate the
kemajuan kinerja keberlanjutan Perseroan secara Company’s sustainability performance.
berkelanjutan.
Komite Hak Asasi Manusia (HAM) Human Rights Committee
Pada tahun 2025, Komite HAM Indocement berperan In 2025, Indocement’s Human Rights Committee
aktif mendukung Direksi dalam memastikan actively supported the Board of Directors in ensuring
seluruh kegiatan perusahaan, baik yang melibatkan that all company's activities, involving both internal
karyawan internal maupun mitra eksternal, selaras employees and external partners, were in line with
dengan prinsip dan regulasi HAM yang berlaku. applicable human rights principles and regulations.
Komite ini melakukan penilaian mandiri terhadap This committee conducts an independent
implementasi HAM di seluruh operasional Perseroan, assessment of human rights implementation across
sejalan dengan evaluasi independen dari Heidelberg all Company operations, in line with the independent
Materials. Selain itu, Komite HAM telah merumuskan evaluation by Heidelberg Materials. Furthermore,
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dan menyetujui Piagam Komite HAM melalui Surat Human Rights Committee has formulated and
Keputusan Direksi, serta menggelar satu kali rapat approved Human Rights Committee Charter through
koordinasi dengan Direksi yang menghasilkan the Board of Directors’ Decision Letter and held one
kesepakatan untuk penyesuaian komposisi coordination meeting with the Board of Directors,
keanggotaan komite guna meningkatkan efektivitas resulting in the agreement to adjust the committee’s
pengawasan. composition to enhance oversight effectiveness.
Perubahan Komposisi Direksi Changes in the Board of Directors’
Composition
Tahun 2025, komposisi Direksi Indocement tidak In 2025, the composition of Indocement’s Board of
mengalami perubahan, yaitu sebagai berikut: Directors remained unchanged, as follows:
Direktur Utama
Christian Kartawijaya
President Director
Wakil Direktur Utama
Benny Setiawan Santoso
Vice President Director
Direktur
Hasan Imer
Director
Direktur
Troy Dartojo Soputro
Director
Direktur
Oey Marcos
Director
Direktur
Holger Mørch
Director
Direktur
Sunnira Ly
Director
Apresiasi Appreciation
Atas nama Direksi, kami menyampaikan penghargaan On behalf of the Board of Directors, we would like
dan apresiasi yang setinggi-tingginya kepada seluruh to express our highest appreciation and gratitude to
pemangku kepentingan yang telah berkontribusi all stakeholders who have contributed to supporting
dalam mendukung pencapaian Perseroan sepanjang the Company’s achievements throughout 2025. We
tahun 2025. Kami mengucapkan terima kasih kepada would like to thank our shareholders for the trust and
pemegang saham atas kepercayaan serta dukungan policy support that enable the Company’s continued
kebijakan yang memungkinkan Perseroan untuk growth. We also appreciate our business partners
terus berkembang. Kami juga mengapresiasi mitra and customers who have collaborated closely in
usaha dan pelanggan yang telah menjalin kerja sama creating a sustainable cement industry ecosystem.
erat dalam menciptakan ekosistem industri semen
yang berkelanjutan.
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Profil Perusahaan Company Profile 03 Bab | Chapter 66 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
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Identitas Perusahaan
Corporate Identity
Sekilas Indocement
Indocement Overview
Nama Perusahaan
Company Name
Bidang Usaha Industri Semen
Line of Business Cement Industry
Merek Dagang • Semen Tiga Roda • TR-10 Mortar Serbaguna
Trademarks • Semen Rajawali • TR-15 Thinbed
• Semen Jempolan • TR-18 Perekat Bata Ringan
• Semen Grobogan • TR-20 Plester Plus
• Semen Duracem • TR-30 Acian Putih Mortar
Tanggal Mulai Beroperasi 4 Agustus 1975
Operations Commencement Date 4 August 1975
Dasar Hukum Pendirian
Legal Basis of Incorporation
Akta pendirian Nomor 227 tanggal 16 Januari 1985, yang dibuat di
hadapan Notaris Ridwan Suselo, S.H., dengan perubahan terakhir
atas anggaran dasar dalam Akta Notaris Deni Thanur, S.E., S.H.,
M.Kn. Nomor 09 tanggal 21 Mei 2025, dan telah mendapatkan
Surat Keputusan Menteri Hukum dan Hak Asasi Manusia Republik
Indonesia Nomor AHU-0047927.AH.01.02.TAHUN 2025 tanggal
22 Juli 2025.
Deed of incorporation No. 227 dated 16 January 1985,
made before Notary Ridwan Suselo, S.H., with its last
amendments to the articles of association in a notarial
deed of Deni Thanur, S.E., S.H., M.Kn. No. 09 dated
21 May 2025. Such amendment has obtained approval from the
Minister of Law and Human Rights of the Republic of Indonesia
by its Decree No. AHU-0047927.AH.01.02.TAHUN 2025 dated
22 July 2025.
Penawaran Umum 5 Desember 1989
Saham Perdana
Initial Public Offering 5 December 1989
Tercatat di Bursa Efek Indonesia
Listed on Indonesia Stock Exchange
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Profil Perusahaan
Company Profile
Kode Saham
Ticker Code INTP
Modal Dasar Rp4.000.000.000.000
Authorized Capital (8.000.000.000 saham | shares)
Modal Disetor Rp1.757.801.399.500
Fully Paid Capital (3.515.602.799 saham | shares)
Kepemilikan Saham • 53,40% Heidelberg Materials AG
Share Ownership • 40,61% Masyarakat | Public
• 5,99% Saham Treasury | Treasury Shares
Jumlah Karyawan* 4.115
Total Number of Employees* Orang | Persons
Situs Web
Website
www.indocement.co.id
Alamat Kantor Pusat Wisma Indocement
Head Office Address Lantai 13 | 13th floor
Jl. Jenderal Sudirman Kav. 70–71
Jakarta 12910, Indonesia
Telepon
Telephone
+62-21-8752-812 ext. 3808
Sekretaris Perusahaan Telepon | Telephone : +62-21-8752-812 ext. 3808
Corporate Secretary Surel | E-mail : corpsec@indocement.co.id
Hubungan Investor Telepon | Telephone : +62-21-8752-812 ext. 1117
Investor Relations Surel | E-mail : investor.relations@indocement.co.id
Layanan Pelanggan Wisma Indocement
Customer Services Lantai 4 | 4th floor
Jl. Jenderal Sudirman Kav. 70–71
Jakarta 12910, Indonesia
Telepon | Telephone : +62-21-2553-3555 (Tarif Normal | Normal Tariff)
+62-800-10-376-32 (Bebas Pulsa | Toll Free)
Faksimili | Facsimile : +62-21-522-3782
Surel | E-mail : customercare@indocement.co.id
SMS dan WhatsApp | SMS and WhatsApp : +62-812-128-3000
* Merupakan akumulasi jumlah total karyawan di segmen bisnis semen, beton siap-pakai, agregat, dan segmen bisnis lainnya, termasuk
data PT Semen Grobogan.
* An accumulation of the total number of employees from segments of cement business, ready-mix concrete, aggregate, and other
business segments and include data of PT Semen Grobogan.
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Riwayat Singkat Perusahaan Company Brief History Sejarah panjang PT Indocement Tunggal Prakarsa Tbk. The long history of PT Indocement Tunggal Prakarsa Tbk. (selanjutnya disebut “Indocement”, "Perseroan" atau (hereinafter referred to as “Indocement” or the "Perusahaan") yang telah terukir dalam industri “Company”) has been engraved in the national cement semen nasional dimulai dari tahun 1975. Inisiatif industry since 1975. The initiative to incorporate the pendirian Perseroan dimulai pada tahun 1975 Company started in 1975 with the incorporation of dengan didirikannya PT Distinct Indonesia Cement PT Distinct Indonesia Cement Enterprise (“DICE”), Enterprise (“DICE”) yang memiliki pabrik semen which had a cement factory with an installed dengan kapasitas terpasang sebesar 500.000 ton di capacity of 500,000 tons in Citeureup area, West kawasan Citeureup, Jawa Barat. Kemudian diikuti Java. This was followed by the incorporation dengan pendirian perusahaan dan pabrik lainnya, of other companies and factories, namely, yaitu PT Perkasa Indonesia Cement Enterprise, PT Perkasa Indonesia Cement Enterprise, PT Perkasa Indah Indonesia Cement Putih Enterprise, PT Perkasa Indah Indonesia Cement Putih Enterprise, PT Perkasa Agung Utama Indonesia Cement Enterprise, PT Perkasa Agung Utama Indonesia Cement Enterprise, PT Perkasa Inti Abadi Indonesia Cement Enterprise, dan PT Perkasa Inti Abadi Indonesia Cement Enterprise, and PT Perkasa Abadi Mulia Indonesia Cement Enterprise, PT Perkasa Abadi Mulia Indonesia Cement Enterprise, dengan total kapasitas terpasang sebesar 7,7 juta ton with a total installed capacity of 7.7 million tons per per tahun. year. Pada tahun 1985, keenam pabrik tersebut melakukan In 1985, the six factories consolidated and konsolidasi dan membentuk PT Inti Cahaya Manunggal incorporated PT Inti Cahaya Manunggal, as outlined sebagaimana tertuang dalam Akta Nomor 227 tanggal in Deed No. 227 dated 16 January 1985, made before 16 Januari 1985, yang dibuat di hadapan Notaris Ridwan Notary Ridwan Suselo, S.H., and announced in Suselo, S.H., dan telah diumumkan dalam Berita Negara the Official Gazette of the Republic of Indonesia Republik Indonesia (BNRI) Nomor 57, Tambahan Nomor (BNRI) No. 57, Supplement No. 946, dated 16 July 946 tanggal 16 Juli 1985. Kemudian nama perusahaan 1985. The Company’s name was later changed to diubah menjadi PT Indocement Tunggal Prakarsa, PT Indocement Tunggal Prakarsa, based on Deed No. berdasarkan akta Nomor 81 tanggal 11 Juni 1985, yang 81 dated 11 June 1985, made before Benny Kristianto, dibuat di hadapan Benny Kristianto, S.H., Notaris Publik S.H., a Public Notary in Jakarta, and has been di Jakarta dan telah diumumkan dalam BNRI Nomor 75, announced in BNRI No. 75, Supplement No. 947, Tambahan Nomor 947, tanggal 16 Juli 1985. dated 16 July 1985. Pada 5 Desember 1989, Perseroan menjadi On 5 December 1989, the Company became a public perusahaan publik setelah melakukan Penawaran company after conducting an Initial Public Offering Umum Saham Perdana di Bursa Efek di Indonesia on Indonesia Stock Exchange with ticker code INTP. dengan menggunakan kode saham INTP. Seiring Along with its business development, the Company dengan perkembangan usahanya, Perseroan terus continues to increase production capacity, both by meningkatkan kapasitas produksi, baik dengan building new factories and acquiring other factories. membangun pabrik baru maupun mengakuisisi As of the end of year 2000, the Company owned pabrik lain. Hingga akhir tahun 2000, Perseroan 12 factories spread over three locations, namely, memiliki 12 pabrik yang tersebar di tiga lokasi, yaitu Citeureup, Bogor, West Java; Cirebon, West Java; Citeureup, Bogor, Jawa Barat; Cirebon, Jawa Barat, and Tarjun, Kotabaru, South Kalimantan. dan Tarjun, Kotabaru, Kalimantan Selatan. Pada 2001, HeidelbergCement AG (yang pada In 2001, HeidelbergCement AG (which in 2022 2022 berubah nama menjadi Heidelberg Materials changed its name to Heidelberg Materials AG) AG) menjadi pemegang saham mayoritas setelah became the majority shareholder after acquiring mengakuisisi 61,7% saham Perseroan, melalui entitas 61.7% of the Company’s shares through its anaknya, Kimmeridge Enterprise Pte. Ltd. Pada 2008, subsidiary, Kimmeridge Enterprise Pte. Ltd. In 2008, HeidelbergCement AG mengalihkan seluruh sahamnya HeidelbergCement AG transferred all of its shares in di Indocement kepada Birchwood Omnia Limited Indocement to Birchwood Omnia Limited (England), (Inggris), yang 100% dimiliki oleh Heidelberg Materials which is 100% owned by Heidelberg Materials AG. AG. Pada 2009 Birchwood Omnia Limited menjual 14,1% In 2009, Birchwood Omnia Limited sold 14.1% of its 70 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
sahamnya kepada publik sehingga kepemilikan saham shares to public, and therefore, Heidelberg Materials
Indocement oleh Heidelberg Materials AG melalui AG share ownership of Indocement through
Birchwood Omnia Limited di Perseroan menjadi 51%. Birchwood Omnia Limited became 51%.
Pada Oktober 2016, Perseroan mulai mengoperasikan In October 2016, the Company started operating its
pabrik ketiga belas yang disebut P-14 di Kompleks thirteenth plant called P-14 in Citeureup Factory. This
Pabrik Citeureup. Pabrik dengan kapasitas produksi plant, which has production capacity of 4.4 million
4,4 juta ton semen per tahun ini merupakan pabrik tons of cement per year, is the largest integrated
semen terintegrasi terbesar yang pernah dibangun cement plant ever built by Indocement and the
oleh Indocement dan Heidelberg Materials. Dengan Heidelberg Materials. With the operation of P-14,
beroperasinya P-14, kapasitas terpasang Perseroan the Company’s installed capacity has increased to
meningkat menjadi 25,5 juta ton semen per tahun. 25.5 million tons of cement per year.
Pada 2022, Indocement sebagai bagian dari Heidelberg In 2022, Indocement, as part of Heidelberg Materials,
Materials mengadopsi New Purpose dari Grup adopted the Heidelberg Materials Group’s New
Heidelberg Materials yaitu Material to Build Our Purpose, namely Material to Build Our Future, in
Future seiring dengan komitmen Perseroan untuk line with the Company’s commitment to carry out
menjalankan kegiatan usaha dengan berlandaskan business activities based on sustainability and ESG
pada aspek keberlanjutan dan aspek LST. Selain itu, aspects. In addition, Indocement also entered into
Indocement juga melakukan perjanjian sewa pakai asset lease agreement with PT Semen Bosowa Maros
aset dengan PT Semen Bosowa Maros dan PT Semen and PT Semen Bosowa Banyuwangi to rent Maros
Bosowa Banyuwangi untuk menyewa Kompleks Pabrik Factory and Banyuwangi Cement Grinding Unit.
Maros serta Unit Penggilingan Semen di Banyuwangi.
Pada 2023, Perseroan mengambil langkah besar dengan In 2023, the Company took a big step by acquiring
mengakuisisi PT Semen Grobogan yang berlokasi di PT Semen Grobogan, located in Central Java, which
Jawa Tengah yang memiliki kapasitas produksi sebesar has a production capacity of 2.7 million tons of
2,7 juta ton semen per tahun. Langkah ini merupakan cement per year. This step is part of the Company’s
bagian dari strategi Perseroan untuk terus menambah strategy to continue to increase its footprint in the
jejak langkah di industri semen nasional. national cement industry.
Kronologi Perubahan Nama dan Status Badan Hukum Perseroan
Chronology of Changes of Name and Legal Entity Status of the Company
• PT Distinct Indonesia Cement Enterprise (DICE) PT Indocement
PT Inti Cahaya Manunggal
• PT Perkasa Indonesia Cement Enterprise (PICE) Tunggal Prakarsa
• PT Perkasa Indah Indonesia Cement Putih Enterprise (PIICPE) Akta Nomor 227
Akta Nomor 81
• PT Perkasa Agung Utama Indonesia Cement Enterprise (PAUICE) tanggal 16 Januari 1985
tanggal 11 Juni 1985
• PT Perkasa Inti Abadi Indonesia Cement Enterprise (PIAICE) Deed No. 227
Deed No. 81
• PT Perkasa Abadi Mulia Indonesia Cement Enterprise dated 16 January 1985
dated 11 June 1985
Pada November 2023, Birchwood Omnia Limited In November 2023, Birchwood Omnia Limited
mengalihkan seluruh saham Perseroan yang transferred all of its shares to Heidelberg Materials AG.
dimilikinya kepada Heidelberg Materials AG. Tidak There is no change in the Company’s controlling
ada perubahan pemegang saham pengendali pada shareholder as Heidelberg Materials owns 100% of
Perseroan karena Heidelberg Materials adalah Birchwood Omnia Limited shares.
pemilik 100% saham Birchwood Omnia Limited.
Rapat Umum Pemegang Saham (“RUPS”) Luar The Company’s Extraordinary General Meeting of
Biasa Perseroan yang diadakan pada 21 Mei 2025 Shareholders (“GMS”), held on 21 May 2025, resolved
memutuskan untuk melakukan penarikan sebagian to withdraw partial shares from the Company’s share
saham hasil pembelian kembali saham Perseroan buyback during 2021 and 2022 periods by reducing the
periode 2021 dan 2022 dengan cara penurunan Company’s issued and paid-up capital by 165,628,900
modal ditempatkan dan disetor Perseroan shares. Consequently, the Company’s issued and
sebanyak 165.628.900 saham. Dengan demikian, paid-up capital became Rp1,757,801,399,500, which
modal ditempatkan dan disetor Perseroan menjadi were divided into 3,515,602,799 shares.
Rp1.757.801.399.500 yang terbagi atas 3.515.602.799
saham.
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Jejak Langkah
Milestones
1975 1985 1989
Pabrik Indocement • Peleburan enam perusahaan semen (yang mempunyai delapan pabrik, Indocement menjadi perusahaan
pertama di Citeureup, Plant 1 sampai dengan Plant 8) menjadi PT Inti Cahaya Manunggal. publik dan mencatatkan saham
Bogor, Jawa Barat • Perubahan nama PT Inti Cahaya Manunggal menjadi PT Indocement di Bursa Efek Indonesia dengan
mulai beroperasi. Tunggal Prakarsa. kode “INTP”.
Indocement’s first plant • Merger of six cement companies (with eight plants, Plant 1 to Plant 8) Indocement became a public
in Citeureup, Bogor, into PT Inti Cahaya Manunggal. company and listed its shares
West Java, commenced • PT Inti Cahaya Manunggal changed its name to PT Indocement on Indonesia Stock Exchange
operations. Tunggal Prakarsa. with ticker code “INTP”.
1996 1997
Plant 10 di Kompleks Pabrik Cirebon, Jawa Barat, selesai Plant 11 di Kompleks Pabrik Citeureup, Bogor, Jawa Barat, selesai
dibangun dengan kapasitas produksi terpasang 1,3 juta ton dibangun dengan kapasitas produksi terpasang 2,4 juta ton
semen per tahun. semen per tahun.
Completed the construction of Plant 10 in Cirebon Factory, West Completed the construction of Plant 11 in Citeureup Factory,
Java, with an annual installed production capacity of 1.3 million Bogor, West Java, with an annual capacity of 2.4 million tons of
tons of cement. cement.
2005 2006
• Indocement meluncurkan produk Semen Komposit Portland HeidelbergCement South-East Asia GmbH melakukan
(PCC) ke pasar Indonesia. penggabungan usaha dengan HeidelbergCement AG. Dengan
• Penggabungan usaha antara HC Indocement GmbH dengan demikian, HeidelbergCement AG memiliki 65,14% saham
HeidelbergCement SouthEast Asia GmbH, di mana yang Indocement.
disebutkan terakhir menjadi pemegang saham mayoritas HeidelbergCement South-East Asia GmbH merged with
langsung Indocement. HeidelbergCement AG. Consequently, HeidelbergCement AG
• Indocement launched Portland Composite Cement (PCC) owned 65.14% of Indocement shares.
product to the Indonesian market.
• HC Indocement GmbH merged with HeidelbergCement South-
East Asia GmbH, in which the later became the direct majority
shareholders of Indocement.
72 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
1991
• Melalui akuisisi PT Tridaya Manunggal Perkasa Cement (TMPC), Indocement menambah kapasitas produksi terpasang sebesar 1,3 juta
ton semen per tahun dengan yang kemudian disebut dengan Plant 9 di Cirebon, Jawa Barat.
• Penyelesaian pembangunan terminal semen di Surabaya, Jawa Timur, yang memungkinkan peningkatan pasokan dan penetrasi pasar
yang lebih besar, serta mengurangi biaya distribusi.
• Indocement memulai usaha beton siap-pakai dan pengiriman beton siap-pakai langsung kepada konsumen di wilayah Jakarta.
• By acquiring PT Tridaya Manunggal Perkasa Cement (TMPC), which was later called Plant 9 in Cirebon, West Java, Indocement added an
installed production capacity of 1.3 million tons of cement per year.
• Completed the construction of a cement terminal in Surabaya, East Java, to increase the supply and market penetration, as well as
reduce distribution costs.
• Indocement started its ready-mix concrete business and direct delivery to consumers in Jakarta.
1998 2001 2003
Penggabungan usaha antara HeidelbergCement Group menjadi Kimmeridge Enterprise Pte. Ltd.,
PT Indocement Tunggal Prakarsa Tbk. pemegang saham mayoritas melalui mengalihkan kepemilikan sahamnya di
dengan PT Indo Kodeco Cement (Plant entitas anaknya, Kimmeridge Enterprise Indocement kepada HC Indocement
12) yang memiliki kapasitas 2,6 juta ton Pte. Ltd. GmbH.
semen per tahun. HeidelbergCement Group became Kimmeridge Enterprise Pte. Ltd.,
Merger between PT Indocement Tunggal the majority shareholder through its transferred its shares in Indocement to
Prakarsa Tbk. and PT Indo Kodeco subsidiary, Kimmeridge Enterprise Pte. Ltd. HC Indocement GmbH.
Cement (Plant 12), with an annual
production capacity of 2.6 million tons of
cement.
2007 2008
Indocement memodifikasi Plant 8, Kompleks Pabrik Citeureup • Indocement menjadi perusahaan pertama di Asia Tenggara yang
untuk menambah kapasitas produksi terpasang sebesar 600.000 menerima Certified Emission Reductions (CER) untuk proyek
ton semen per tahun. bahan bakar alternatif.
Indocement revamped Plant 8 in Citeureup Factory to add the • HeidelbergCement AG mengalihkan seluruh sahamnya di
installed production capacity of 600,000 tons of cement per year. Indocement kepada Birchwood Omnia Ltd. (Inggris), yang 100%
dimiliki oleh HeidelbergCement Group.
• Indocement became the first company in Southeast Asia to
receive Certified Emission Reductions (CERs) for its alternative
fuels projects.
• HeidelbergCement AG transferred all of its shares in
Indocement to Birchwood Omnia Ltd. (England), which was
100% owned by HeidelbergCement Group.
Laporan Tahunan 2025 Annual Report 73
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2009 2010
• Birchwood Omnia Ltd., menjual 14,1% saham Indocement kepada publik, sehingga Dua unit penggilingan semen baru mulai
kepemilikan saham HeidelbergCement AG melalui Birchwood Omnia Ltd., di beroperasi di Kompleks Pabrik Cirebon,
Indocement menjadi 51%. meningkatkan total kapasitas produksi
• Entitas anak Indocement, PT Mandiri Sejahtera Sentra, meningkatkan kepemilikannya terpasang Perseroan menjadi 18,6 juta
menjadi 100% atas tambang agregat di Purwakarta, Jawa Barat. ton semen per tahun.
• Melalui entitas anak, PT Dian Abadi Perkasa dan PT Indomix Perkasa, Indocement Two new cement mills commenced
menguasai 100% saham PT Bahana Indonor, perusahaan transportasi laut. operations in Cirebon Factory, increasing
• Kompleks Pabrik Citeureup untuk pertama kalinya meraih PROPER Peringkat Emas. the total installed production capacity to
• Birchwood Omnia Ltd., sold 14.1% of Indocement shares to public; and therefore, the 18.6 million tons of cement per year.
ownership of HeidelbergCement AG in Indocement through Birchwood Omnia Ltd.,
became 51%.
• Indocement’s subsidiary, PT Mandiri Sejahtera Sentra, increased its ownership to
100% of an aggregate quarry in Purwakarta, West Java.
• Through its subsidiaries, PT Dian Abadi Perkasa and PT Indomix Perkasa, Indocement
controls 100% of PT Bahana Indonor’s shares, a shipping company.
• For the first time, Citeureup Factory reached Gold PROPER.
2013 2014
• Dimulainya pengoperasian rute kereta api tambahan untuk • Akuisisi PT Terang Prakarsa Cipta oleh entitas anak Indocement,
pengiriman semen kantong dari Bogor ke Surabaya. PT Sari Bhakti Sejati dan PT Makmur Abadi Perkasa Mandiri.
• Kompleks Pabrik Cirebon untuk kedua kalinya meraih • Peluncuran kereta api KA Nambo III, pengangkut semen dari
PROPER dengan Peringkat Emas. Stasiun Nambo, Citeureup menuju Stasiun Banyuwangi Baru,
• Commenced the operation of an additional railway route to Banyuwangi.
transport bagged cement from Bogor to Surabaya. • Pengoperasian tambahan satu unit vertical roller mill (VRM) di
• Cirebon Factory reached Gold PROPER for the second time. Plant 11, Kompleks Pabrik Citeureup dengan kapasitas produksi
terpasang sebesar 1,9 juta ton semen per tahun.
• Acquisition of PT Terang Prakarsa Cipta by Indocement’s
subsidiaries, PT Sari Bhakti Sejati and PT Makmur Abadi
Perkasa Mandiri.
• Launched KA Nambo III train, a cement carrier from Nambo
Train Station, Citeureup, to Banyuwangi Baru Station,
Banyuwangi.
• Commenced the operation of one additional vertical roller mill
(VRM) unit in Plant 11 of Citeureup Factory with an annual installed
production capacity of 1.9 million tons of cement per year.
2017 2018
Peluncuran produk baru Indocement yaitu Duracem yang • Indocement mulai mengadopsi paradigma baru dalam
merupakan jenis semen portland yang memanfaatkan slag dari pemasaran dan penjualan produk dengan menerapkan konsep
industri baja sebagai salah satu bahan bakunya. Dalam proses Sales is a Science (SiaS). SiaS merupakan platform penjualan
produksinya, Duracem menghasilkan emisi CO2 yang rendah yang menitik beratkan pada tiga pilar utama yaitu market
sehingga sangat ramah lingkungan. knowledge, structure selling dan capability building.
Launched Indocement’s new product, Duracem, which is a type of • Peresmian pengoperasian terminal semen di Palembang yang
portland cement that utilizes slag from the steel industry as one memiliki kapasitas mencapai 500.000 ton semen per tahun.
of its raw materials. In its production process, Duracem produces • Indocement began to adopt a new paradigm in product
low CO2 emissions; and therefore, it is highly environmentally marketing and sales by applying the concept of Sales is a
friendly. Science (SiaS). SiaS is a sales platform that focuses on three
main pillars, namely market knowledge, structure selling, and
capability building.
• Inaugurated the cement terminal in Palembang with a capacity
of up to 500,000 tons of cement per year.
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Profil Perusahaan
Company Profile
2011 2012
Beroperasinya fasilitas bongkar muat • Dimulainya kerja sama dengan PT Kereta Api Indonesia dalam menggunakan kereta api
semen kantong ke peti kemas di sebagai moda transportasi untuk pengiriman semen kantong.
dermaga Kompleks Pabrik Tarjun. • Dimulainya pengoperasian Terminal Semen Banyuwangi, Jawa Timur dan Terminal Semen
Commenced operations of the facility to Samarinda, Kalimantan Timur guna memfasilitasi bongkar muat semen kantong dan
load and unload bagged cement from curah.
and into containers at Tarjun Factory’s • United Nations Framework Convention on Climate Change (UNFCCC) menerbitkan CER
jetty. untuk Indocement atas keberhasilannya mengurangi emisi dari proyek blended cement
untuk periode 2006–2007.
• Kompleks Pabrik Cirebon untuk pertama kalinya meraih PROPER dengan Peringkat Emas.
• Commenced the cooperation with PT Kereta Api Indonesia in using trains as
transportation mode for bagged cement delivery.
• Commenced the operation of Banyuwangi Cement Terminal, East Java, and Samarinda
Cement Terminal, East Kalimantan, to facilitate bagged and bulk cements loading and
unloading activities.
• The United Nations Framework Convention on Climate Change (UNFCCC) issued CER
to Indocement for its success in reducing emissions from the blended cement project
during the period 2006-2007.
• Cirebon Factory initially reached Gold PROPER.
2015 2016
• Peluncuran program Sekolah Tukang Semen Tiga Roda • Peluncuran produk baru Indocement yaitu semen tipe Portland
(SETARA). Pozolan Cement (PPC) dengan merek dagang Semen Rajawali.
• Peluncuran Indocement Safety Health Environment Learning • Peresmian pabrik baru Plant 14 di Kompleks Pabrik Citeureup
Center (I-SHELTER) di Kompleks Pabrik Citeureup dan di Bogor, Jawa Barat, dengan kapasitas terpasang 4,4 juta ton
Kompleks Pabrik Cirebon. semen per tahun.
• Pembangunan perdana Rumah Instan Sehat Sederhana • Launched Indocement’s new product, which was Portland
Indocement (RISHA-Indocement). Pozzolan Cement (PPC) under the brand Semen Rajawali.
• Indocement resmi menjadi salah satu anggota pendiri Green • Inaugurated the new Plant 14 in Citeureup Factory in Bogor,
Product Council Indonesia (GPCI). West Java, with an annual installed capacity of 4.4 million tons
• Launched Sekolah Tukang Semen Tiga Roda (SETARA) program. of cement.
• Launched Indocement Safety Health Environment Learning
Center (I-SHELTER) in Citeureup Factory and Cirebon Factory.
• Constructed the first Rumah Instan Sehat Sederhana
Indocement (RISHA-Indocement).
• Indocement officially became one of the Green Product Council
Indonesia (GPCI) founder members.
2019
• Indocement membuat sebuah aplikasi ponsel yang bernama SHE on My Hand yang dapat digunakan oleh seluruh Karyawan
Perseroan untuk melaporkan Indocement Safety Observation Program (ISOP), membuat hazard report, serta membaca prosedur
Keselamatan dan Kesehatan Kerja (K3).
• Peresmian pengoperasian terminal semen di Lampung yang memiliki kapasitas semen sebesar 750.000 ton per tahun.
• Indocement mengembangkan TIRO System, yang merupakan sistem digital yang mengintegrasikan seluruh proses penjualan end
to end, mulai dari pemesanan, distribusi, persediaan, administrasi dan pelayanan pelanggan untuk seluruh jaringan distributor.
• Indocement created a mobile application, namely SHE on My Hand, that can be used by all Company’s Employees to report
on Indocement’s Safety Observation Program (ISOP), create hazard report, and read Occupational Health and Safety (OHS)
procedures.
• Inaugurated the operation of cement terminal in Lampung with a capacity of 750,000 tons of cement per year.
• Indocement developed a TIRO System, which is a digital system that integrates the entire end to end sales process, starting from
order, distribution, inventory, administration, and customer service for the entire distribution network.
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2020
• Relokasi terminal apung yang semula berada di Palaran, Samarinda, Kalimantan Timur ke Konawe, Sulawesi Tenggara.
• Peresmian Expert Pool Team yang berlokasi di Plant 14 Kompleks Pabrik Citeureup, fasilitas ini berfungsi untuk mendukung
operasi produksi di seluruh pabrik Indocement.
• Peresmian 3Roda Edu-Green Park di Pusat Penelitian, Pelatihan, dan Pemberdayaan Masyarakat (P4M), Kompleks Pabrik Citeureup.
• Peluncuran platform Masterumah.id sebagai tempat berinteraksi, mencari inspirasi, saling terkoneksi dan bahkan menjadi
marketplace khusus dalam tema Home and House.
• Pengoperasian tambang batu andesit baru berkapasitas produksi 600 ton per jam di Cariu, Kabupaten Bogor, Jawa Barat milik
entitas anak Perseroan yaitu PT Tarabatuh Manunggal.
• Indocement melakukan pembagian dividen interim untuk pertama kalinya.
• Relocated floating terminal, which was previously in Palaran, Samarinda, East Kalimantan, to Konawe, Southeast Sulawesi.
• Inaugurated Expert Pool Team located in Plant 14 of Citeureup Factory. This facility has the function to support production
operations in all Indocement’s plants.
• Inaugurated 3Roda Edu-Green Park in Research, Training, and Community Empowerment Center (P4M), Citeureup Factory.
• Launched Masterumah.id platform to interact, seek inspirations, and get connected, and it even becomes a specific
marketplace for the theme of Home & House.
• Began the operation of a new andesite rock mine with a production capacity of 600 tons per hour in Cariu, Bogor Regency.
• Indocement distributed interim dividends for the first time.
2022 2023
• Indocement Kompleks Pabrik Tarjun mengoperasikan secara komersil pasokan daya • Pemegang saham mayoritas
listrik 50.000 KVA dari PLN. Pengoperasian ini juga mengurangi ketergantungan dan pengendali Indocement
Indocement kepada bahan bakar fosil dalam operasionalnya. beralih dari Birchwood Omnia
• Indocement memulai pengoperasian Kompleks Pabrik Maros dan fasilitas lainnya Ltd. ke Heidelberg Materials
setelah menandatangani Perjanjian Sewa Pakai Aset dengan PT Semen Bosowa Maros AG. Transaksi tersebut hanya
dan PT Bosowa Corporindo. mengakibatkan perubahan
• Indocement membeli terminal semen di Samarinda untuk mendukung pembangunan kepemilikan Heidelberg
Ibu Kota Nusantara (IKN). Materials AG dalam Perseroan
• Relokasi terminal apung yang semula berada di Konawe, Sulawesi Tenggara ke Kuala yang semula tidak langsung
Tanjung, Sumatra Utara. menjadi kepemilikan langsung,
• Indocement menandatangani MoU dengan Dinas Lingkungan Hidup Pemerintah Provinsi karena Heidelberg Materials
DKI Jakarta untuk memanfaatkan sampah perkotaan dari TPST Bantargebang menjadi AG adalah pemilik 100% saham
bahan bakar alternatif dalam bentuk RDF. Birchwood Omnia Ltd.
• Indocement telah menyelesaikan program pembelian saham kembali yang dilakukan • Indocement mengakuisisi 100%
sejak tanggal 3 Desember 2021 hingga 6 Desember 2022. Total jumlah saham yang telah saham PT Semen Grobogan
dibeli kembali sebanyak 250.158.300 lembar saham dengan harga perolehan rata-rata yang memiliki kapasitas
Rp10.930 per lembar saham. produksi 2,7 juta ton semen per
• Indocement meresmikan integrasi operasional Central Control Panel (CCP) untuk Plant tahun di Jawa Tengah.
3/4, dan Plant 5 dan CCP Mining yang menggabungkan pengoperasian 12 panel operator • The majority and controlling
yang tersebar di area Hambalang, area kuari, dan area DP2 Plansite. shareholder of Indocement was
• Indocement meluncurkan produk semen baru dengan merek dagang Semen Jempolan. transferred from Birchwood
Semen baru ini dimaksudkan untuk mendukung program produksi semen ramah Omnia Ltd. to Heidelberg
lingkungan milik pemerintah. Materials AG. The transaction
• Indocement Tarjun Factory commercially operated the supply of 50,000 KVA electric only resulted in a change in
power from PLN. This operation subsequently reduced Indocement’s dependence on Heidelberg Materials AG’s
fossil fuel in its operations. ownership in the Company
• Indocement commenced the operation of Maros Factory and its facilities after signing from indirect to direct
an Asset Lease Agreement with PT Semen Bosowa Maros and PT Bosowa Corporindo. ownership, because Heidelberg
• Indocement bought a cement terminal in Samarinda to support the development of Materials AG is the owner of
National Capital City (IKN). 100% of Birchwood Omnia Ltd.
• Relocated floating terminal, which was previously in Konawe, Southeast Sulawesi, to shares.
Kuala Tanjung, North Sumatra. • Indocement acquired 100% of
• Indocement signed an MoU with DKI Jakarta Provincial Government’s Environmental Agency PT Semen Grobogan shares,
to utilize urban waste from TPST Bantargebang as alternative fuel in the form of RDF. which production capacity of
• Indocement completed its share buyback program that was executed from 3 December 2.7 million tons of cement per
2021 to 6 December 2022. The total number of shares bought back was 250,158,300 year in Central Java.
shares with an average acquisition price of Rp10,930 per share.
• Indocement inaugurated the operational integration of Central Control Panel (CCP)
for Plant 3/4, and Plant 5, and CCP Mining that combined the operation of 12 operator
panels spread in Hambalang area, quarry area, and DP2 Plansite area.
• Indocement launched a new cement product called Semen Jempolan. This new cement is
intended to support the government’s environmentally friendly cement production program.
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Profil Perusahaan
Company Profile
2021
• Indocement menjadi salah satu perusahaan swasta yang bergabung dengan program Vaksinasi Gotong Royong, sebanyak 2.000
karyawan Indocement mendapatkan vaksin COVID-19 melalui program ini.
• Indocement meluncurkan inisiatif Customer Centricity Culture, inisiatif ini diluncurkan untuk mendukung pencapaian target
perusahaan dan mendukung pertumbuhan perusahaan yang berkelanjutan.
• Indocement meluncurkan tiga produk mortar baru yaitu TR-10 Mortar Serbaguna, TR-15 Thinbed, dan TR-20 Plester Plus.
• Indocement meluncurkan pedoman K3 baru yaitu Life Saving Rules (LSR) edisi kedua.
• Indocement melakukan program pembelian kembali saham Perseroan dalam kondisi pasar yang berfluktuatif.
• Indocement became one of the private companies that joined Vaksinasi Gotong Royong program, with 2,000 Indocement
employees receiving the COVID-19 vaccine through this program.
• Indocement launched the Customer Centricity Culture initiative. This initiative was launched to support the Company’s target
achievement and support a sustainable Company growth.
• Indocement launched three new mortar products, namely TR-10 Mortar Serbaguna, TR-15 Thinbed, and TR-20 Plester Plus.
• Indocement launched a new OHS guideline, namely Life Saving Rules (LSR), second edition.
• Indocement conducted a program to buyback the Company’s shares in the fluctuating market condition.
2024
• Selesainya pembangunan Pembangkit Listrik Tenaga Surya (PLTS) Ground-mounted di Kompleks Pabrik Tarjun , dengan
kapasitas 19,7 MWp atau 15 MegaWatt (MW). Pengoperasian PLTS ini menjadi langkah lanjutan Indocement untuk
mengurangi emisi CO2 dari proses produksi semen. PLTS ini beroperasi secara paralel dengan pasokan listrik PLN.
• Peluncuran produk baru jenis TR-18 Perekat Bata Ringan, adalah mortar yang berfungsi untuk merekatkan bata ringan
dengan daya rekat kuat dan saat diaplikasikan. TR-18 dikemas dalam kemasan kantong 40 kg.
• Indocement melakukan investasi penyertaan modal pada PT Amita Prakarsa Hijau, suatu perusahaan yang memproduksi
bahan bakar alternatif dan material alternatif untuk dipasok ke perusahaan semen dan perusahaan lainnya yang berasal
dari pengolahan limbah industri dan/atau rumah tangga, dalam rangka pengurangan gas rumah kaca dalam produksi
semen.
• Indocement menandatangani Perjanjian Jual Beli refuse-derived fuel (RDF) dengan Badan Layanan Umum Daerah Unit
Pengelola Sampah Terpadu (BLUD UPST) Dinas Lingkungan Hidup DKI Jakarta. Kerja sama ini merupakan tindak lanjut dari
uji coba pemanfaatan bahan bakar sampah dari RDF platform yang dikelola oleh UPST Bantargebang.
• Indocement melalui entitas anak PT Bahana Indonor, Perseroan membeli saham PT Samudra Harmoni Prakarsa,
perusahaan yang mengelola dan mengoperasikan kapal MV Harmoni I untuk pengangkutan muatan klinker atau batu bara
atau kargo lainnya, sejumlah 56.000 saham atau setara dengan 50% kepemilikan PT Samudra Harmoni Prakarsa.
• Completed the construction of a ground-mounted solar power plant (PLTS) at Tarjun Factory, with a capacity of 19.7 MWp
or 15 MegaWatts (MW). The operation of this PLTS is Indocement’s next step in reducing CO2 emissions from cement
production process. This PLTS operates in parallel with PLN’s electricity supply.
• Launched a new product, TR-18 Perekat Bata Ringan, a mortar that functions to bond lightweight bricks with strong
adhesion and is easy to apply. TR-18 is packaged in 40 kg bag.
• Indocement made an equity investment in PT Amita Prakarsa Hijau, a company that produces alternative fuels and
alternative materials to be supplied to cement companies and other companies originating from industrial and/or
household waste processing, in order to reduce greenhouse gases in cement production.
• Indocement signed refuse-derived fuel (RDF) Sale and Purchase Agreement with Regional Public Service Agency of
Integrated Waste Management Unit (BLUD UPST) of Environmental Office Jakarta Province. This cooperation is a follow-up
to the previously signed trial of waste fuel utilization from RDF plantorm managed by UPST Bantargebang.
• On 26 December 2024, through its subsidiary, PT Bahana Indonor, the Company purchased shares of PT Samudra Harmoni
Prakarsa, a company managing and operating vessel MV Harmoni I for transporting clinker or coal or other cargo, in the
amount of 56,000 shares or equal to 50% ownership PT Samudra Harmoni Prakarsa.
1975 2001 2016 2024
Transformasi Logo
Logo Transformation
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Visi, Misi, Budaya, dan Slogan Perusahaan
Vision, Mission, Culture, and Slogan of the Company
Visi Vision
Semen Cement
Produsen Semen Terkemuka dan Terpercaya di The Most Prominent and Trusted Cement Producer in
Indonesia; Indonesia;
Beton Siap-Pakai Ready-Mix Concrete
Pemain RMC Terkemuka dan Terpercaya di Jawa dan A Prominent and Trusted RMC Player in Java and
Memiliki Jaringan di Kalimantan, Bali, dan Sulawesi Footprints in Kalimantan, Bali, and South Sulawesi;
Selatan;
Agregat Aggregate
Pemain Agregat Terpercaya di Jabodetabek dan The Trusted Aggregate Player in Jabodetabek and
Memiliki Jaringan di Jawa Tengah dan Sulawesi; Footprints in Central Java and Sulawesi;
Mortar Mortar
Pemain Mortar Ternama di Jawa dan Sumatra bagian The Reputable Mortar Player in Java and Southern
selatan (mortar putih). Sumatra (white mortar).
Misi Mission
Kami berkecimpung dalam bisnis penyediaan semen ramah
lingkungan dan bahan bangunan bermutu tinggi yang
mengutamakan solusi untuk pelanggan dengan cara yang
mendorong peningkatan profitabilitas sekaligus mengedepankan
aspek Lingkungan, Sosial, dan Tata Kelola (LST) serta Digitalisasi.
We are in the business of providing
quality green cement and building
materials with customer centric
solutions in a way that drives
improving profitability whilst leading
Environment, Social, and Governance
(ESG) and Digitalization.
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Profil Perusahaan
Company Profile
Slogan
Material to Build Our Future
Nilai-Nilai Perusahaan
Corporate Values
Nilai-nilai inti Perusahaan merupakan pengejawantahan
dari budaya perusahaan Indocement. Nilai-nilai inti
tersebut adalah ASIST, yang terdiri dari:
The core values are the embodiment of Indocement’s
corporate culture. These core values are known as
ASIST, consisting of the following values:
Kewajiban dan keinginan individu untuk The desire to accept and carry out duties
A Accountability menerima dan melaksanakan tugas serta
mengemban tanggung jawab dengan
and responsibilities with full accountability
by thinking and acting long-term for today
berpikir dan bertindak jangka panjang. and tomorrow.
S Strive for Excellence
Semangat untuk bekerja melebihi apa yang The spirit to work beyond what is expected
diharapkan agar mencapai hasil terbaik to achieve the best results by unleashing
dengan inovasi tanpa batas. innovation.
I Integrity Keyakinan untuk bertindak secara benar,
jujur, transparan, dan penuh integritas.
The conviction to act correctly, thruthfully,
and transparently with full integrity.
S Service-Mindedness
Kemauan untuk melayani, berorientasi The will to serve, focus on customer-
pada pelanggan, dan melebihi harapan oriented, and deliver solution that exceed
pelanggan. customer expectation.
Semangat untuk bekerja sama sebagai The passion to work as a team and put
T Teamwork sebuah tim dan mengesampingkan konflik
pribadi untuk menghadapi tantangan dan
aside personal differences/conflicts to
face future challenge and develop solution
membangun solusi masa depan. of tomorrow.
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GAYA KEPEMIMPINAN BARU
NEW LEADERSHIP STYLE
• We Centric • We Centric
Bekerja sama untuk mencapai tujuan perusahaan Cooperate to achieve company goals by
melalui kolaborasi dengan pemangku kepentingan collaborating with concerned stakeholders to
untuk membangun solusi masa depan. develop solution of tomorrow.
• Care • Care
Kepedulian terhadap rekan kerja, perusahaan Concern for colleagues, company (corporate
(corporate image & cost), komunitas (community), image & cost), community (surrounding
dan lingkungan (carbon) dengan mengedepankan community), and environment (carbon neutrality)
kekeluargaan, kepedulian, dan pengharkatan by creating “kekeluargaan”, caring, and humanize
untuk keberlanjutan usaha. for company sustainability.
• Open Communication • Open Communication
Terjalin komunikasi dua arah secara terbuka Create two way open communication internally
baik secara internal maupun eksternal melalui and externally by collaborating/co-creating with
kolaborasi/ko-kreasi dengan para pemangku concerned stakeholders.
kepentingan.
• Process-Driven Performance-Oriented • Process-Driven Performance-Oriented
Keseimbangan pada proses dan hasil kerja yang Balance in ongoing processes and continually
berkesinambungan sesuai dengan purpose, visi work result according to Company’s purpose,
dan misi Perusahaan. vision and mission.
• Agile and Decisiveness • Agile and Decisiveness
Kelincahan dan ketangkasan melihat peluang Agility to find opportunities and unleash
dan menciptakan kebebasan berinovasi untuk innovation to adapt firmly and persistently with
beradaptasi secara tegas dan gigih dalam situasi dynamic environment and future orientation.
yang dinamis dan berorientasi masa depan.
• Customer Centric • Customer Centric
Mendorong dan memberdayakan tim untuk Drive and empower team to contribute to
berkontribusi menciptakan nilai bagi pelanggan customer value creation by developing solution
dengan mengembangkan solusi yang dimulai dari outside-in (starting from customer need) instead
kebutuhan pelanggan. of inside-out (starting from our lab).
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Profil Perusahaan
Company Profile
Bidang Usaha
Line of Business
Kegiatan Usaha Sesuai Anggaran Dasar Business Activities According to the
Articles of Association
Sesuai dengan Anggaran Dasar Perseroan, yang In accordance with the Company’s Articles of
tertuang dalam akta Nomor 2 tanggal 4 Agustus 2021, Association, as stated in Deed No. 2 dated 4 August
yang dibuat di hadapan Kumala Tjahjani Widodo, 2021, made before Kumala Tjahjani Widodo, SH.,
SH., MH., M.Kn., Notaris di Kota Administrasi Jakarta MH., M.Kn., Notary in Central Jakarta Municipality,
Pusat, yang telah memperoleh persetujuan dari which has obtained approval from the Minister of
Menteri Hukum dan HAM Republik Indonesia dengan Law and Human Rights of the Republic of Indonesia
Surat Keputusan Nomor AHU-0043810.AH.01.02. by its Decree No. AHU-0043810.AH.01.02.TAHUN 2021
TAHUN 2021 tanggal 12 Agustus 2021 dan yang dated 12 August 2021, and which amendments have
Penerimaan Pemberitahuan Perubahan Anggaran been accepted by the Ministry of Law and Human
Dasarnya telah diterima oleh Kementerian Hukum Rights of the Republic of Indonesia through Letter
dan HAM Republik Indonesia melalui Surat Nomor No. AHU-AH.01.03-0436786 dated 12 August 2021,
AHU-AH.01.03-0436786 tanggal 12 Agustus 2021, the Company’s business activities are:
kegiatan usaha Perseroan adalah: 1. Main business activities, consisting of: cement
1. Kegiatan usaha utama, yang terdiri dari: industri industry; mortar or ready-mix concrete industry;
semen; industri mortar atau beton siap-pakai; paper and cardboard box manufacturing industry;
industri kemasan dan kotak dari kertas dan coal mining; decorative stones and building stones
karton; pertambangan batu bara; penggalian excavation; limestone excavation; soil and clay
batu hias dan batu bangunan; penggalian batu excavation; trass excavation; other stone, sand,
kapur/gamping; penggalian tanah dan tanah and clay excavation; quartz mining; other mining
liat; penggalian tras; penggalian batu, pasir and excavation that are not included in others;
dan tanah liat lainnya; penggalian kuarsa/ cement, limestone, sand, and stone large trading;
pasir kuarsa; pertambangan dan penggalian large trading of various kinds of goods; motorized
lainnya; perdagangan besar semen, kapur, pasir transportation for general goods; domestic liner
dan batu; perdagangan besar berbagai macam service to transport general goods; service to
barang; angkutan bermotor untuk barang umum; transport goods; sea transportation at port for
angkutan laut dalam negeri untuk barang umum; special goods; and electricity power generation.
angkutan laut perairan pelabuhan dalam negeri 2. Supporting business activities, consisting of: raw
untuk barang; angkutan laut dalam negeri untuk water storage and distribution; hazardous waste
barang khusus; dan pembangkitan tenaga listrik. collection; non-hazardous waste management
2. Kegiatan usaha penunjang, yang terdiri dari: and disposal; hazardous waste management
penampungan dan penyaluran air baku; and disposal; land preparation; industrial estate;
pengumpulan limbah berbahaya; treatment electrical installation; storage and warehouses;
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dan pembuangan limbah dan sampah tidak other management consulting activities; other
berbahaya; treatment dan pembuangan limbah computer consulting and computer facility
berbahaya; penyiapan lahan; kawasan industri; management activities; and packaging activities.
instalasi listrik; pergudangan dan penyimpanan;
aktivitas konsultasi manajemen lainnya; aktivitas
konsultasi komputer dan manajemen fasilitas
komputer lainnya; dan aktivitas pengepakan.
Pada akhir 2025, seluruh kegiatan usaha tersebut As of 2025, all of those business activities have been
telah dijalankan Perseroan. carried out by the Company.
Produk dan Layanan Products and Services
Perseroan memiliki berbagai produk dan layanan The Company has a variety of products and services
di bidang pekerjaan konstruksi yang secara umum in construction sector, generally aimed at both
ditujukan baik untuk perorangan maupun korporasi. individuals and corporations. For cement products,
Untuk produk semen, Perseroan menyediakan the Company provides various packaging options for
berbagai kemasan, mulai dari 40 kg, 50 kg, 1 ton, retail and corporate segments ranging from 40 kg,
hingga 2 ton, untuk segmen ritel dan korporat, serta 50 kg, 1 ton, and 2 tons, as well as bulk cement and
semen curah dan mortar dalam kemasan 40 kg. mortar in 40 kg packages. The Company’s product
Aktivitas penjualan produk Perseroan dikelola oleh sales activities are managed by the Commercial
Direktorat Komersial, yang didukung oleh dua tim Directorate, supported by two working teams:
kerja, yaitu tim penjualan ritel dan tim penjualan namely the retail sales team and the corporate sales
korporat. team.
Produk-produk Indocement adalah sebagai berikut: Indocement’s products are as follows:
Merek Produk Jenis Produk Sertifikasi Keterangan
Brand of Products Type of Products Certifications Description
Semen Tiga Roda Semen Portland SNI 7064:2014 Semen Portland Komposit merk Tiga Roda merupakan bahan
Komposit (PCC) SNI 7064:2022 pengikat untuk konstruksi umum seperti rumah, bangunan
Portland Composite tinggi, jembatan, jalan beton, beton pre-cast dan beton
Cement (PCC) prategang.
PCC Tiga Roda memiliki durabilitas yang baik dan ketahanan
terhadap berbagai kondisi lingkungan. Diproduksi dengan
bahan baku terbaik dan mengedepankan aspek keberlanjutan,
PCC Tiga Roda tersertifikasi sebagai produk semen ramah
lingkungan.
Tiga Roda brand Portland Composite Cement is designed for
general constructions, such as houses, high-rise buildings,
bridges, concrete roads, pre-cast and pre-stressed concrete.
PCC Tiga Roda has a good durability and resistance to various
environmental conditions. Produced with the best raw materials
and prioritizing sustainability aspect, PCC Tiga Roda is certified
as an environmentally friendly cement product.
Semen Tiga Roda Semen Portland (PC) SNI 2049:2015 Indocement memproduksi Semen Portland PC Tipe I, Tipe II,
Tipe I, Tipe II, dan SNI 2049-1:2020 dan Tipe V.
Tipe V • PC Tipe I merupakan semen berkualitas yang sesuai untuk
Portland Cement berbagai penggunaan, seperti konstruksi gedung tinggi,
(PC) Type I, Type II, jembatan, dan jalan.
and Type V • PC Tipe II memiliki daya tahan yang baik terhadap kadar
sulfat sedang.
• PC Tipe V memiliki daya tahan yang baik terhadap kadar
sulfat tinggi.
Indocement produces Portland Cement PC Type I, Type II, and
Type V.
• PC Type I is a high-quality cement suitable for a wide variety
of applications, such as construction of high-rise buildings,
bridges, and roads.
• PC Type II has a good durability against moderate sulfate
content.
• PC Type V has a good durability against high sulfate content.
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Profil Perusahaan
Company Profile
Merek Produk Jenis Produk Sertifikasi Keterangan
Brand of Products Type of Products Certifications Description
Semen Tiga Roda Semen Pemboran SNI ISO 10426- Semen Pemboran merupakan tipe semen khusus untuk
(OWC) 1:2017 digunakan pada pengeboran minyak dan gas baik di darat
Oil Well Cement API Spec 10A Class maupun lepas pantai. OWC dicampur menjadi suatu adukan
(OWC) G-HSR semen dan kemudian disuntikkan di antara pipa bor dan
cetakan sumur bor di mana semen tersebut dapat mengeras
dan kemudian mengikat pipa pada cetakannya. OWC diproduksi
dengan standar mutu sesuai American Petroleum Institute
(API).
Oil Well Cement is a special type of cement for oil and gas
drilling both onshore and offshore. OWC is mixed into slurry
and then injected between the drilling pipe and oil well casing
where it is able to set and harden thus bonding the pipe to the
casing. OWC is produced with quality standards according to
the American Petroleum Institute (API).
Semen Tiga Roda Semen Putih SNI 15-0129-2004 Semen Putih digunakan untuk keperluan pekerjaan arsitektur,
White Cement SNI 0129:2018 dekorasi eksterior, dan interior gedung. Selain itu juga bisa
digunakan untuk proses konstruksi pada umumnya. Indocement
merupakan satu-satunya produsen Semen Putih di Indonesia.
Semen Putih merek Tiga Roda dibuat dari bahan baku pilihan
dengan kandungan besi dan magnesium oksida rendah sehingga
menghasilkan warna putih yang indah.
White Cement is used for architecture work, as well as exterior
and interior building decorations. Besides, it can also be used
for general construction processes. Indocement is the only
White Cement producer in Indonesia.
Tiga Roda brand White Cement is made from selected raw
materials with low iron and magnesium oxide content, resulting
in a beautiful white color.
Semen Tiga Roda Semen Hidraulis SNI 8912:2020 Semen Hidraulis merek Tiga Roda adalah pilihan terbaik selain
Hydraulic Cement Ordinary Portland Cement (OPC) dengan memberikan kekuatan
yang lebih baik serta daya tahan yang luar biasa. Dengan emisi
gas CO₂ yang rendah, Semen Hidraulis adalah pilihan tepat
untuk pembangunan infrastruktur dan gedung tinggi serta
memenuhi kebutuhan industri pracetak. Semen Hidraulis
memiliki 2 tipe yaitu:
• Semen Hidraulis tipe GU (general use) merupakan semen
untuk konstruksi umum. Dapat digunakan jika tidak
membutuhkan satu atau lebih kondisi khusus.
• Semen Hidraulis tipe HE (high early strength) merupakan
semen yang kuat tekan awalnya tinggi.
Tiga Roda brand Hydraulic Cement is the best choice in addition
to Ordinary Portland Cement (OPC) which provides better
strength and extraordinarydurability. With low CO2 emissions,
Hydraulic Cement is the right choice for infrastructure and
high-rise building construction that meets the needs of pre-
cast industry. Hydraulic Cement has 2 types, namely:
• Hydraulic Cement type GU is cement for general use of
construction. It is suitable for general use which does not
require any special conditions.
• Hydraulic Cement type HE is a high early strength cement.
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Merek Produk Jenis Produk Sertifikasi Keterangan
Brand of Products Type of Products Certifications Description
Duracem Semen Slag SNI 8363:2017 Semen slag merupakan semen campuran yang menggunakan
Slag Cement SNI 8363:2023 komponen utama berupa slag (sisa hasil pembakaran pada
industri baja) sebagai aditif material, sehingga sangat ramah
lingkungan, serta memiliki keunggulan teknis di antaranya
panas hidrasi rendah, tahan terhadap sulfat, durabilitas tinggi
serta memiliki masa pertumbuhan kuat tekan yang lebih
panjang, sehingga cocok untuk proyek-proyek dengan mass
concrete, bendungan, dan dermaga. Semen slag didistribusikan
dalam bentuk curah.
Slag cement is a blended cement by using mainly slag (waste
products from combustion in the steel industry) as an additive
material, and therefore, it is very environmentally friendly and
has the technical advantages such as low hydration heat, sulfate
resistant, high durability, and longer compressive growth period,
and thus, it is suitable for mass concrete projects, dams, and
jetties. Slag cement is distributed in bulk.
Semen Rajawali Semen Portland SNI 0302:2014 Semen Rajawali dibuat untuk konstruksi umum guna
Pozzolan (PPC) SNI 7064:2022 memenuhi kebutuhan masyarakat akan semen dengan kualitas
Portland Pozzolan terjamin dengan harga terjangkau. Diproduksi dengan teknologi,
Cement (PPC) peralatan dan material standar Indocement sehingga memiliki
Semen Portland SNI 7064:2014 kualitas semen yang konsisten.
Komposit (PCC) SNI 7064:2022
Portland Composite Semen Rajawali is made for general constructions to meet the
Cement (PCC) community needs for cement with guaranteed quality at an
affordable price. It is produced by using technology, equipment,
and materials based on the Indocement standard, therefore, it
has a consistent quality.
Semen Jempolan Semen Portland SNI 7064:2014 Semen Jempolan merupakan salah satu semen ramah
Komposit (PCC) SNI 7064:2022 lingkungan yang diproduksi oleh Indocement, peluncuran
Portland Composite semen baru ini dimaksudkan untuk mendukung program
Cement (PCC) produksi semen ramah lingkungan milik pemerintah. Semen
Jempolan tipe PCC diproduksi di Kompleks Pabrik Citeureup
dan tipe PPC diproduksi di Kompleks Pabrik Cirebon.
Semen Jempolan is one environmentally friendly cement
produced by Indocement. The launch of this new cement is
intended to support the government’s environmentally friendly
cement production program. Semen Jempolan type PCC is
produced at the Citeureup Factory and type PPC is produced
at Cirebon Factory.
Semen Grobogan Semen Portland SNI 7064:2014 Semen Grobogan PCC merupakan bahan pengikat untuk
Komposit (PCC) konstruksi umum, pemasangan batu bata, paving blok,
Portland Composite plesteran dan acian. Semen ini diproduksi oleh anak perusahaan
Cement (PCC) Indocement, PT Semen Grobogan.
Semen Grobogan PCC is a binding material for general
construction, bricklaying, paving blocks, plastering, and skim-
coating. This cement is produced by Indocement subsidiary,
PT Semen Grobogan.
Mortar Tiga Roda TR-10 Mortar TR-10 Mortar Serbaguna merupakan produk mortar yang
Serbaguna digunakan untuk pekerjaan pemasangan batu bata, plester
bata, dan perata lantai.
Komposisi TR-10 Mortar Serbaguna terdiri dari pasir berkualitas,
Semen Tiga Roda, dan aditif. Menjadikan produk mortar yang
berkualitas yang praktis dan tahan lama.
TR-10 Mortar Serbaguna is a mortar product used for laying
bricks, plastering bricks, and leveling the floor.
TR-10 Mortar Serbaguna is composed of quality sand, Tiga Roda
Cement, and additives. Making a quality mortar product that is
practical and long lasting.
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Profil Perusahaan
Company Profile
Merek Produk Jenis Produk Sertifikasi Keterangan
Brand of Products Type of Products Certifications Description
Mortar Tiga Roda TR-15 Thinbed TR-15 Thinbed Perekat Bata Ringan merupakan produk mortar
yang digunakan untuk pekerjaan pemasangan semua jenis bata
ringan.
Dengan material dan formulasi terbaik, menjadikan produk TR-
15 merekat kuat dan tahan lama.
TR-15 Thinbed Perekat Bata Ringan is a mortar product used for
installing all types of lightweight bricks.
With the best materials and formulations, TR-15 products are
strong and long lasting.
Mortar Tiga Roda TR-18 Perekat Bata TR-18 Perekat Bata Ringan: adalah mortar yang berfungsi untuk
Ringan merekatkan bata ringan dengan daya rekat kuat dan tipis saat
diaplikasikan.
TR-18 Perekat Bata Ringan: is a mortar that functions to adhere
lightweight bricks with strong and thin adhesion when applied.
Mortar Tiga Roda TR-20 Plester Plus TR-20 Plester Plus merupakan produk mortar yang digunakan
untuk pekerjaan plesteran untuk semua jenis bata ringan.
Komposisi TR-20 Plester Plus terdiri dari pasir berkualitas,
Semen Tiga Roda, dan aditif. Menjadikan produk mortar TR-
20 pilihan terbaik untuk plester bata ringan yang berkualitas,
tahan retak, melekat kuat dan tahan lama.
TR-20 Plester Plus is a mortar product used for plastering all
types of lightweight bricks. TR-20 Plester Plus is composed of
quality sand, Tiga Roda Cement, and additives. Making TR-20
mortar product the best choice for lightweight brick plaster,
that is quality, crack-resistant, adheres strongly, and is long-
lasting.
Mortar Tiga Roda TR-30 Acian Putih TR-30 Acian Putih Mortar Berkualitas merupakan produk mortar
Mortar Berkualitas yang digunakan untuk pekerjaan acian dengan memiliki warna
putih. Komposisi TR-30 Acian Putih Mortar Berkualitas antara
lain Semen Putih Tiga Roda, kapur (Kalsium Karbonat), dan
aditif khusus lainnya. Menjadikan TR-30 sebagai produk acian
terbaik, tahan retak, tanpa plamir dan cat dasar.
TR-30 Acian Putih Mortar Berkualitas is a mortar product used
for skimcoating with a white color. TR-30 Acian Putih Mortar
Berkualitas is composed of Tiga Roda White Cement, lime
(Calcium Carbonate), and other special additives. Making TR-30
the best skim-coating product, crack-resistant, with no primer
and base coat.
Pionirbeton Beton Siap-Pakai Beton siap-pakai (ready-mix concrete/RMC) diproduksi dengan
Ready-Mix Concrete mencampur semen Tiga Roda dengan pasir, batu, dan air. Produk
kemudian dikirimkan ke tempat pelanggan menggunakan
truk mixer. RMC diproduksi oleh entitas anak Indocement
PT Pionirbeton Industri.
Ready-mix concrete (RMC) is produced by mixing Tiga Roda
cement with sand, stone, and water. It is then delivered
to the customer’s site by mixer truck. RMC is produced by
Indocement’s subsidiary, PT Pionirbeton Industri.
Agregat Agregat diproduksi melalui kegiatan penambangan batu. Batu
Aggregate hasil tambang kemudian digunakan untuk proses produksi RMC
oleh entitas anak Perseroan atau dijual kepada pihak ketiga.
Agregat diproduksi oleh entitas anak perusahaan Indocement,
PT Mandiri Sejahtera Sentra dan PT Tarabatuh Manunggal.
Aggregate is produced through rock mining activities. The
rocks and sand obtained from the mine are then used for RMC
production by the Company subsidiary or sold to a third party.
Aggregate is produced by Indocement’s subsidiaries, PT Mandiri
Sejahtera Sentra and PT Tarabatuh Manunggal.
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Wilayah Operasi dan Jaringan Bisnis
Operational Areas and Business Network
Terminal Semen Lampung, Terminal Semen Apung Terminal Semen Samarinda, Terminal Semen Barru, Kompleks Pabrik Maros,
Lampung Pontianak, Kalimantan Barat Kalimantan Timur Sulawesi Selatan Sulawesi Selatan
Lampung Cement Terminal, Pontianak Floating Cement Samarinda Cement Terminal, Barru Cement Terminal, Maros Factory,
Lampung Terminal, West Kalimantan East Kalimantan South Sulawesi South Sulawesi
Terminal Semen Apung Kuala
Tanjung, Sumatra Utara
Kuala Tanjung Floating Cement
Terminal, North Sumatra
Terminal Semen Terminal Semen Palembang,
Tanjung Priok, Jakarta Sumatra Selatan
Tanjung Priok Cement Palembang Cement
Terminal, Jakarta Terminal, South Sumatra
Kompleks Pabrik Citeureup, Kompleks Pabrik Cirebon, Kompleks Pabrik Tarjun, Kompleks Pabrik Grobogan, Unit Penggilingan Semen
Bogor, Jawa Barat Cirebon, Jawa Barat Kotabaru, Kalimantan Selatan Jawa Tengah Banyuwangi, Jawa Timur
Citeureup Factory, Cirebon Factory, Tarjun Factory, Grobogan Factory, Banyuwangi Cement
Bogor, West Java Cirebon, West Java Kotabaru, South Kalimantan Central Java Grinding Unit, East Java
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Profil Perusahaan
Company Profile
Indocement memiliki 16 Gudang Semen, 3 Gudang Palet, 2 Container Yard, yaitu:
Indocement owns 16 Cement Warehouses, 3 Palette Warehouses, 2 Container Yards, namely:
1. Gudang Sunda Kelapa 8. Gudang Pemalang 15. Gudang Kalianak, Surabaya
2. Gudang Cisauk 9. Gudang Magelang 16. Gudang Pandeglang, Banten
3. Gudang Sukabumi 10. Gudang Pati 17. Gudang Palet Citeureup
4. Gudang Serang 11. Gudang Wonogiri 18. Gudang Palet Palimanan
5. Gudang Cimareme 12. Gudang Puncak 19. Gudang Palet Grobogan
6. Gudang Garut 13. Gudang Tasikmalaya 20. Container Yard Kompleks Pabrik Citeureup
7. Gudang Majalengka 14. Gudang Brebes 21. Container Yard Kompleks Pabrik Tarjun
1. Sunda Kelapa Warehouse 8. Pemalang Warehouse 15. Kalianak Warehouse, Surabaya
2. Cisauk Warehouse 9. Magelang Warehouse 16. Pandeglang Warehouse, Banten
3. Sukabumi Warehouse 10. Pati Warehouse 17. Citeureup Pallet Warehouse
4. Serang Warehouse 11. Wonogiri Warehouse 18. Palimanan Pallet Warehouse
5. Cimareme Warehouse 12. Puncak Warehouse 19. Grobogan Pallet Warehouse
6. Garut Warehouse 13. Tasikmalaya Warehouse 20. Container Yard of Citeureup Factory
7. Majalengka Warehouse 14. Brebes Warehouse 21. Container Yard of Tarjun Factory
Kompleks Pabrik Terminal Semen Aset yang Disewa
Factories Cement Terminals Leased Assets
Terminal Semen Lembar 1, Terminal Semen Lembar 2,
Lombok Barat, Lombok Barat,
Terminal Semen Makassar, Land Silo Dawuan, Nusa Tenggara Barat Nusa Tenggara Barat Terminal Semen Apung
Sulawesi Selatan Karawang, Jawa Barat Lembar Cement Terminal 1, Lembar Cement Terminal 2, Kupang, Nusa Tenggara Timur
Makassar Cement Terminal, Dawuan Land Silo, West Lombok, West Lombok, Kupang Floating Cement
South Sulawesi Karawang, West Java West Nusa Tenggara West Nusa Tenggara Terminal, East Nusa Tenggara
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Keanggotaan dalam Asosiasi
Membership of Associations
Perseroan tergabung dalam beberapa asosiasi The Company has joined several professional
profesional dan organisasi lainnya guna memperluas associations and other organizations in order to
jaringan bisnis serta menjalin komunikasi yang lebih expand its business network and foster better
luas, khususnya di industri semen. Hal ini dilakukan communication. This is done as a form of stakeholder
sebagai bentuk pelibatan pemangku kepentingan engagement so that the Company can always
agar Perseroan dapat selalu memperoleh informasi obtain information and various developments in the
dan berbagai perkembangan di industri. industry.
Hingga 2025, Indocement tergabung dalam asosiasi As of 2025, Indocement has joined the following
sebagai berikut: associations:
Nama Asosiasi Tingkat Posisi
Name of Association Level Position
Asosiasi Terkait Keberlanjutan
Associations on Sustainability
Green Product Council Indonesia (GPCI) Nasional Pendiri
National Founder
Global Cement and Concrete Association (GCCA)* Internasional Anggota
International Member
Asosiasi Terkait Industri dan Bisnis
Associations on Industry and Business
Asosiasi Perusahaan Semen Seluruh Indonesia (ASPERSSI) Nasional Anggota
Association of Indonesian Cement Companies National Member
Asosiasi Pengusaha Indonesia (APINDO) Nasional Anggota
Indonesian Employers Association National Member
Asosiasi Emiten Indonesia (AEI) Nasional Anggota
The Indonesian Issuers Association National Member
Indonesia Corporate Secretary Association (ICSA) Nasional Anggota
National Member
Kamar Dagang dan Industri Indonesia (KADIN) Nasional Anggota
Indonesian Chamber of Commerce and Industry National Member
* Anggota tidak langsung karena Indocement merupakan bagian dari Heidelberg Materials AG yang tercatat sebagai anggota organisasi
tersebut.
Indirect member due to Indocement is part of Heidelberg Materials AG, which is listed as a member of the organization.
88 Laporan Tahunan 2025 Annual Report
Page 89
Profil Perusahaan
Company Profile
Indocement menyelenggarakan Fun Run dan Fun Walk 5.000 langkah di Jakarta pada 2 Agustus 2025,
yang diikuti jajaran Direksi, karyawan, dan keluarga dalam rangka peringatan HUT ke-50 Indocement.
Indocement held a Fun Run and 5,000-step Fun Walk in Jakarta on 2 August 2025, joined by the Board
of Directors, employees, and their families, to commemorate Indocement’s 50th Anniversary.
Laporan Tahunan 2025 Annual Report 89
Page 90
Struktur Organisasi
Organizational Structure
Komisaris Utama
President Commissioner
Roberto Callieri
Direktur Utama
Komite Nominasi President Director
Komite Audit dan Remunerasi
Audit Committee Nomination and Christian Kartawijaya
Remuneration Committee
Wakil Direktur Utama
Vice President Director
Benny Setiawan
Santoso
Direktur
Director
Holger Mørch
Utility Division Corporate Secretary
Dani Handajani
Corporate Social
Responsibility
Gadang Wardono
Citeureup General Cirebon General Tarjun General
Manager Operation Manager Operation Manager Operation
Setia Wijaya Katon Primanto Agus F. Rasad
Deputy General Manager Deputy General Manager Advisor to GMO
Operation Operation Support
Agus Wihanto
Elman Rudolf P. Retnawan Widhiantoro
Plant 1—2 & 5 Supply Division Plant 7—8 Plant 9—10 Plant 12
Dika Avianto Rudy Setiawan Teguh Imam Basuki
Plant 3—4 Mining Division Plant 14
Prawiratno I. G. Fivian Dheni
Plant 6 & 11 QARD
Gudmen Hans G. Thangamuthu Baskar Anggota Komite Keselamatan
Safety Committee Members
Technical Services Ketua | Chairman
• Christian Kartawijaya
Division Sekretaris | Secretary
• Arief Rahman Hakim
I Gusti Ngurah Anggota | Members
• Hasan Imer
• Sunnira Ly
• Troy Dartojo Soputro
• Holger Mørch
• Oey Marcos
• Setia Wijaya
• Katon Primanto
• Agus F. Rasad
• Soegito C. Kurniawan
• Sie Ngoh
Anggota Komite Audit Anggota Komite Nominasi Dan Remunerasi • Robert Sweigart
Audit Committee Members Nomination and Remuneration Committee Members • Budiono Hendranata
• Budi Hartono
• Thomas Suryadi
Ketua | Chairman Ketua | Chairman • Jimmy Dharmawan L.
• Simon Subrata • Simon Subrata • Mochammad Nur
Anggota | Members Anggota | Members • Elman Rudolf P.
• Lindawati Gani • Roberto Callieri • Retnawan Widhiantoro
• David Sungkoro • Yulius Hadi Wijaya
90 Laporan Tahunan 2025 Annual Report
Page 91
Profil Perusahaan
Company Profile
Wakil Komisaris Utama/ Wakil Komisaris Utama/
Komisaris Independen
Komisaris Independen Komisaris Independen Komisaris Komisaris Komisaris
Independent
Vice President Commissioner/ Vice President Commissioner/ Commissioner Commissioner Commissioner
Commissioner
Independent Commissioner Independent Commissioner
Juan Francisco
Tedy Djuhar Simon Subrata Franciscus Welirang René Samir Aldach Suharso Monoarfa
Defalque
Direktur Direktur Direktur Direktur
Director Director Director Director
Troy Dartojo Soputro Hasan Imer Oey Marcos Sunnira Ly
Maros & Banyuwangi
Mortar & Operation Division Corporate Human Management Information
Special Product General Manager Capital Division System Division Komite Keselamatan
Safety Committee
Budi Hartono Yulius Hadi Wijaya Petrus Bintoro
Corp. Legal License,
Sales Strategic & Legal Agrarian & Corporate Finance
Planning General Affair Division Division Komite HAM
Human Rights Committee
Antonius Indro P. David Halim
Strategic
Sales Group 1
Management-QC Office Share Service Center Komite Etika
Ethics Committee
Victor Kurniawan
Business Development Finance Accounting
Sales Group 2
Office Division Komite ESG
ESG Committee
Rudi Yuwanda Juferi
Plant Controlling
Logistic Division CEO RMC
Division
Sie Ngoh Mawar Saron Thomas Suryadi
Distribution Network
CEO Aggregate
Division
Andi Poernomo Jimmy Dharmawan L.
Supply Chain Strategic Internal Audit
Planning & Eval. Division Division
Anggota Komite ESG
Yanto Supriatna ESG Committee Members Yuliana
Dewan Pengarah | Advisory Board
• Anggota ExecutiveCommittee |
Executive Committee Members Corporate SHE Division
Koordinator & Peta Jalan CO2 |
Anggota Komite HAM Anggota Komite Etika
Coordinator & CO2 Roadmap
Human Rights Committee Members Ethics Committee Members
• Holger Mørch Arief Rahman Hakim
Sekretaris | Secretary
Dewan Pengarah | Advisory Board Anggota Tetap | Permanent Members • David Kumala
• Christian Kartawijaya Ketua | Chairman Produk Berkelanjutan |
• Anggota Executive Committee • Christian Kartawijaya Sustainable Product GM Procurement & AFAM
Executive Committee Members Sekretaris | Secretary • Troy Dartojo Soputro
Koordinator HAM | HR Coordinator • Dani Handajani Lingkungan, Air dan Keselamatan |
• Dani Handajani Anggota | Members Environment, Water, and Safety Soegito C. Kurniawan
Sekretaris | Secretary • Oey Marcos • Arief Rahman Hakim
• Dani Handajani • Sunnira Ly Penggunaan Lahan dan Keanekaragaman
Anggota | Members • Hasan Imer Hayati | Land Use and Biodiversity
• Setia Wijaya • Troy Dartojo Soputro • Resmita Kusprasetianty
• Katon Primanto • Holger Mørch Tanggung Jawab Sosial Perusahaan | Procurement Division
• Agus F. Rasad • Thomas Suryadi Corporate Social Responsibility
• Budiono Hendranata • Jimmy Dharmawan L. • Gadang Wardono
• Jimmy Dharmawan L. Anggota Tidak Tetap | Non Permanent Beton Siap-Pakai | Ready-Mix Concrete Stefanus D. Kasmara
• Thomas Suryadi Members • Thomas Suryadi
• Yulius Hadi Wijaya • Setia Wijaya • Dr. Arvind Suryavanshi
• Arief Rahman Hakim • Katon Primanto Agregat | Aggregate
• Gadang Wardono • Agus F. Rasad • Jimmy Dharmawan L.
• Soegito C. Kurniawan • Budiono Hendranata Tata Kelola | Governance
• Sie Ngoh • Yulius Hadi Wijaya • Dani Handajani
• Rudi Komarudin • Arief Rahman Hakim Overall Support
• Dudy Gandjar • Yuliana • Roberto Predonzan
• Yanuar Arief
Laporan Tahunan 2025 Annual Report 91
Page 92
Profil Dewan Komisaris
Board of Commissioners’ Profile
Pada tahun 2025, komposisi Dewan Komisaris In 2025, the composition of Indocement’s Board of
Indocement mengalami perubahan sesuai dengan Commissioners was changed by the resolution of
keputusan Rapat Umum Pemegang Saham (RUPS) the Annual General Meeting of Shareholders (GMS)
Tahunan yang diselenggarakan pada 21 Mei 2025 yang held on 21 May 2025, which approved the resignation
menerima pengunduran diri Kevin Gerard Gluskie dan of Kevin Gerard Gluskie and appointed Suharso
mengangkat Suharso Monoarfa sebagai Komisaris Monoarfa as the Company’s Commissioner replacing
Perseroan menggantikan Kevin Gerard Gluskie untuk Kevin Gerard Gluskie for the remaining term of Kevin
sisa masa jabatan Kevin Gerard Gluskie. Gerard Gluskie.
ROBERTO CALLIERI 62
tahun
years old
Komisaris Utama Italia
President Commissioner Italian
Domisili Singapura Periode Jabatan
2024–2026
Domicile Singapore Term of Office
Memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan Pemegang Saham Pengendali.
Affiliation Affiliated relationship with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Teknik Elektro dari University of Cagliari, Italia, 1990 • Electrical Engineering from University of Cagliari, Italy, 1990
• Financial Management, Bocconi University, Milan, Italia, 2000 • Financial Management, Bocconi University, Milan, Italy, 2000
• Advanced Management Program, Harvard Business School, • Advanced Management Program, Harvard Business School,
Boston, Amerika Serikat, 2002 Boston, USA, 2002
Sertifikasi
Certification
• Cum Laude Teknik Elektro, University of Cagliari, Italia, 1990 • Cum Laude degree in Electrical Engineering, University of
• Sertifikat Manajemen Keuangan, Bocconi University, Milan, Cagliari, Italy, 1990
Italia, 2000 • Financial Management Certificate, Bocconi University, Milan,
• Program Sertifikasi Manajemen Lanjutan, Harvard Business Italy, 2000
School, Boston, AS, 2002 • Advanced Management Program Certificate, Harvard Business
School, Boston, USA, 2002
92 Laporan Tahunan 2025 Annual Report
Page 93
Profil Perusahaan
Company Profile
Riwayat Pekerjaan
Work Experience
• Deputy Plant Manager Samatzai and Salerno Plants di Italia • Deputy Plant Manager Samatzai and Salerno Plants, Italy
(1991–1994) (1991–1994)
• Deputy VP Operations, ESSROC di Puerto Rico (1994–1995) • Deputy VP Operations, ESSROC, Puerto Rico (1994–1995)
• Manufacturing Manager, ESSROC di Amerika Serikat • Manufacturing Manager, ESSROC, United States of America
(1996–1997) (1996–1997)
• Plant Manager, Picton Plant, ESSROC di Kanada (1997–1998) • Plant Manager, Picton Plant, ESSROC, Canada (1997–1998)
• Technical Director, Set Climento di Turki (1999–2001) • Technical Director, Set Climento, Turkey (1999–2001)
• Managing Director di Asia dan Jalaprathan Cement • Managing Director of Asia and Jalaprathan Cement
Companies di Thailand (2002–2006) Companies, Thailand (2002–2006)
• Managing Director di Suez (SCC), Suez Bags (SBC), Tourah • Managing Director of Suez (SCC), Suez Bags (SBC), Tourah
(TPCC) dan Helwan Cement (HCC) Companies di Mesir (TPCC) and Helwan Cement (HCC) Companies, Egypt
(2006–2011) (2006–2011)
• Zone Director, Asia dan Managing Director di Asia dan • Zone Director, Asia and Managing Director of Asia and
Jalaprathan Cement Companies – Thailand (2011–2016) Jalaprathan Cement Companies, Thailand (2011–2016)
• CEO di Italcementi S.p.A (2016–2023) • CEO of Italcementi S.p.A (2016–2023)
• Chairman di AITEC (Italian Cement Manufacturers • Chairman of AITEC (Italian Cement Manufacturers
Association) (2018–2024) Association) (2018–2024)
Jabatan Lainnya
Concurrent Positions
• CEO di Heidelberg Materials Asia Pte. Ltd. • CEO of Heidelberg Materials Asia Pte. Ltd.
• Chairman di Heidelberg Materials Bangladesh Plc., Heidelberg • Chairman of Heidelberg Materials Bangladesh Plc., Heidelberg
Materials Butra Sdn. Bhd. dan Zuari Cement Limited Materials Butra Sdn. Bhd. and Zuari Cement Limited
• Direktur di Alliance Construction Materials Limited, • Director of Alliance Construction Materials Limited,
HeidelbergCement India Limited, Gulbarga Cement Limited, HeidelbergCement India Limited, Gulbarga Cement Limited,
China Century Cement Limited, Jidong Heidelberg (Fufeng) China Century Cement Limited, Jidong Heidelberg (Fufeng)
Cement Company Limited, Jidong Heidelberg (Jingyang) Cement Company Limited, Jidong Heidelberg (Jingyang)
Cement Company Limited, Easy Point Industrial Limited, Cement Company Limited, Easy Point Industrial Limited,
HeidelbergCement Holding Hong Kong Limited, Squareal HeidelbergCement Holding Hong Kong Limited, Squareal
Cement Limited, Guangzhou Heidelberg Yuexiu Enterprise Cement Limited, Guangzhou Heidelberg Yuexiu Enterprise
Management Consulting Company Ltd., Asia Cement Public Management Consulting Company Ltd., Asia Cement Public
Company Limited, dan Jalaprathan Cement Public Company Company Limited, and Jalaprathan Cement Public Company
Limited Limited
• Member di Managing Board Heidelberg Materials AG untuk • Member of Managing Board of Heidelberg Materials AG for
Asia (2024–sekarang) Asia (2024–present)
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
Laporan Tahunan 2025 Annual Report 93
Page 94
TEDY DJUHAR 74
tahun
years old
Wakil Komisaris Utama/Komisaris Independen
Indonesia
Vice President Commissioner/Independent Commissioner Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Tidak memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan Pemegang Saham Pengendali.
Affiliation Not affiliated with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Sarjana Ekonomi, University of New England, Australia, 1975 • Bachelor of Economics, University of New England, Australia, 1975
• Magister Eksekutif Administrasi Bisnis, Cheung Kong • Executive Master of Business Administration, Cheung Kong
Graduate School of Business, Tiongkok, 2014 Graduate School of Business, China, 2014
Riwayat Pekerjaan
Work Experience
• Direktur Non Eksekutif di First Pacific Company Ltd., Hong • Non-Executive Director of First Pacific Company Ltd., Hong
Kong (1981–2021) Kong (1981–2021)
• Direktur Utama di PT Indoaluminium Intikarsa Industri • President Director of PT Indoaluminium Intikarsa Industri
(2002–2025) (2002–2025)
Jabatan Lainnya
Concurrent Positions
• Komisaris di PT Binara Guna Mediktama (2013–sekarang) • Commissioner of PT Binara Guna Mediktama (2013–present)
• Ketua Dewan Pembina Yayasan Satya Harapan, Jakarta • Chairman of The Board of Trustees of Yayasan Satya Harapan,
Nanyang School (2012–sekarang) Jakarta Nanyang School (2012–present)
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
94 Laporan Tahunan 2025 Annual Report
Page 95
Profil Perusahaan
Company Profile
SIMON SUBRATA 61
tahun
years old
Wakil Komisaris Utama/Komisaris Independen
Indonesia
Vice President Commissioner/Independent Commissioner Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Tidak memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan Pemegang Saham Pengendali.
Affiliation Not affiliated with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Sarjana Ekonomi, Universitas Indonesia, 1988 • Bachelor of Economics, Universitas Indonesia, 1988
• Sarjana Sistem Manajemen Informasi Universitas Gunadarma, • Bachelor of Information Management System, Universitas
1988 Gunadarma, 1988
Riwayat Pekerjaan
Work Experience
• Auditor Kantor Akuntan Publik Hans & Tuanakotta • Auditor of Public Accounting Firm Hans & Tuanakotta
(1988–1989) (1988–1989)
• Auditor Ernst & Young (1989–1991) • Auditor of Ernst & Young (1989–1991)
• Corporate Finance PT Indocement Tunggal Prakarsa Tbk. • Corporate Finance of PT Indocement Tunggal Prakarsa Tbk.
(1991–2000) (1991–2000)
• Direktur Keuangan PT Ariobimo Estate Perkasa (1991–2000) • Finance Director of PT Ariobimo Estate Perkasa (1991–2000)
• Direktur Keuangan PT Bayu Beringin Lestari (1991–2000) • Finance Director of PT Bayu Beringin Lestari (1991–2000)
• Direktur Operasional PT Holdiko Perkasa (2000–2001) • Operational Director of PT Holdiko Perkasa (2000–2001)
• Partner Akuntan Publik Ernst & Young (2001–2005) • Partner of Public Accounting Firm Ernst & Young (2001–2005)
• Auditor di Keuskupan Agung Jakarta (2005–2020) • Auditor at the Archdiocese of Jakarta (2005–2020)
Jabatan Lainnya
Concurrent Positions
• Bendahara Perkumpulan Strada • Treasurer of Strada Association
• Senior Partner Gan Kapital Group • Senior Partner of Gan Kapital Group
• Ketua Pengurus Perkumpulan Perhimpunan St. Carolus • Chairman of the Management of St. Carolus Association
• Direktur PT Digital Integrasi Solusindo • Director of PT Digital Integrasi Solusindo
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
Laporan Tahunan 2025 Annual Report 95
Page 96
FRANCISCUS WELIRANG 74
tahun
years old
Komisaris Independen
Indonesia
Independent Commissioner Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Tidak memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan Pemegang Saham Pengendali.
Affiliation Not affiliated with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
Diploma bidang Teknik Kimia dari South Bank Polytechnic London, Diploma in Chemical Engineering from South Bank Polytechnic,
Inggris, 1974 London, England, 1974
Riwayat Pekerjaan
Work Experience
• Komisaris Utama PT Bursa Efek Surabaya (2001–2007) • President Commissioner of PT Bursa Efek Surabaya (2001–2007)
• Ketua Komite Tetap Ketahanan Pangan Kadin Indonesia • Chairman of the Permanent Committee on Food Security of the
(2008–2021) Indonesian Chamber of Commerce and Industry (2008–2021)
• Wakil Ketua Badan Perlindungan Konsumen Indonesia • Deputy Chairman of the Indonesian Consumer Protection Agency
(2009–2021) (2009–2021)
• Anggota Dewan Penasehat Asosiasi Perhimpunan Ahli Teknologi • Member of the Advisory Board of the Indonesian Association of
Pangan Indonesia (2021–2014) Food Technologists (2021–2014)
• Ketua Ketahanan Pangan Asosiasi Pengusaha Indonesia • Head of Food Security of the Indonesian Employers Association
(2013–2017) (2013–2017)
• Ketua Umum Asosiasi Emiten Indonesia (AEI) (2014–2020) • Chairman of the Indonesian Issuers Association (AEI) (2014–2020)
• Anggota Dewan Pengurus Komite Nasional Kebijakan Governansi • Member of the Board of Directors of the National Committee on
(2021–2024) Governance Policy (2021–2024)
• Anggota Kelompok Kerja Ahli Pangan Badan Pangan Nasional • Member of the Food Expert Working Group of the National Food
(2022–2023) Agency (2022–2023)
Jabatan Lainnya
Concurrent Positions
• Direktur PT Indofood Sukses Makmur Tbk. (1995–sekarang) • Director of PT Indofood Sukses Makmur Tbk. (1995–present)
• Komisaris PT Unggul Indah Cahaya Tbk. (2011–sekarang) • Commissioner of PT Unggul Indah Cahaya Tbk. (2011–present)
• Komisaris Utama PT Indofood CBP Sukes Makmur Tbk. • President Commissioner of PT Indofood CBP Sukes Makmur Tbk.
(2015–sekarang) (2015–present)
• Ketua Umum Asosiasi Produsen Tepung Terigu Indonesia • Chairman of the Indonesian Flour Producers Association
(APTINDO) (2000–sekarang) (APTINDO) (2000–present)
• Anggota Dewan Pengarah PISAgro (2012–sekarang) • Member of the PISAgro Steering Committee (2012–present)
• Anggota Dewan Kehormatan Asosiasi Emiten Indonesia • Member of the Honorary Council of the Indonesian Issuers
(2023–sekarang) Association (2023–present)
• Anggota Dewan Penasehat Kadin Indonesia (2021–sekarang) • Member of the Advisory Board of the Indonesian Chamber of
• Ketua Dewan Penasehat Perhimpunan Filantropi Indonesia Commerce and Industry (2021–present)
(2021–sekarang) • Chairman of the Management Board of the Indonesian
• Ketua Badan Pengarah Dewan Nasional Indonesia untuk Philanthropy Association (2021–present)
Kesejahteraan Sosial (2024–sekarang) • Chairman of the Steering Committee of the Indonesian National
Council for Social Welfare (2024–present)
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
96 Laporan Tahunan 2025 Annual Report
Page 97
Profil Perusahaan
Company Profile
JUAN FRANCISCO DEFALQUE 62
tahun
years old
Komisaris
Belgia
Commissioner Belgian
Domisili Singapura Periode Jabatan
2024–2027
Domicile Singapore Term of Office
Memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan Pemegang Saham Pengendali.
Affiliation Affiliated relationships with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
Master dalam bidang Mining Engineering dari Catholic University Master of Mining Engineering from Catholic University of
of Louvain-la-Neuve, Belgia, 1987 Louvain-la-Neuve, Belgium, 1987
Riwayat Pekerjaan
Work Experience
• Head dari Heidelberg Technology Center Indonesia • Head of Heidelberg Technology Center Indonesia (2006–2015)
(2006–2015) • Director of Indocement (2018–2021)
• Direktur Indocement (2018–2021) • Director of HeidelbergCement India Ltd. (2017–2021)
• Direktur HeidelbergCement India Ltd. (2017–2021)
Jabatan Lainnya
Concurrent Positions
• Direktur HeidelbergCement Bangladesh Ltd. • Director of HeidelbergCement Bangladesh Ltd.
• Direktur Zuari Cement Ltd. • Director of Zuari Cement Ltd.
• Direktur Gulbarga Cement Ltd. • Director of Gulbarga Cement Ltd.
• Direktur Asia Cement Public Company • Director of Asia Cement Public Company
• Direktur Manufaktur dan Teknik di CCC Asia-Pacific • Director of Manufacturing and Engineering of CCC Asia-
Pacific
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
Laporan Tahunan 2025 Annual Report 97
Page 98
RENÉ SAMIR ALDACH 46
tahun
years old
Komisaris
Jerman
Commissioner German
Domisili Jerman Periode Jabatan
2024–2027
Domicile Germany Term of Office
Memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan Pemegang Saham Pengendali
Affiliation Affiliated relationship with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
Sarjana Administrasi Bisnis dari Westfälische-Wilhelms- Bachelor of Business Administration from Westfälische-
Universität Münster, 2004 Wilhelms-Universität Münster, 2004
Sertifikasi
Certification
Gelar Diploma Universitas (setara dengan MBA) University Diploma Degree (equivalent to an MBA)
Riwayat Pekerjaan
Work Experience
• Finance trainee dan kemudian berkembang dan menjabat • Finance trainee and subsequently progressed through
beragam posisi pada bagian finansial seperti akuntan, Shared numerous roles in the finance areas of Accounting, Shared
Service Center and Controling (2004) Service Center and Controlling (2004)
• Chief Financial Officer di Australian joint venture Cement • Chief Financial Officer of the Australian joint venture Cement
Australia (2015–2021) Australia (2015–2021)
• Chief Financial Officer di Hanson dan Board Director di • Chief Financial Officer Hanson and Board Director for Hanson
Hanson & CEM Australia (2018) & CEM Australia (2018)
• Director Group RCC di Heidelberg Materials AG (2020–2021) • Director Group RCC at Heidelberg Materials AG (2020–2021)
Jabatan Lainnya
Concurrent Positions
Chief Financial Officer dan Member of the Managing Board di Chief Financial Officer and Member of the Managing Board at
Heidelberg Materials (2021–sekarang) Heidelberg Materials (2021–present)
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
98 Laporan Tahunan 2025 Annual Report
Page 99
Profil Perusahaan
Company Profile
SUHARSO MONOARFA 71
tahun
years old
Komisaris
Indonesia
Commissioner Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Tidak memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan Pemegang Saham Pengendali.
Affiliation Not affiliated with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Planologi, Institut Teknologi Bandung, 1974 • Urban and Regional Planning, Bandung Institute of
• Executive Development Program, University of Michigan, 1994 Technology (ITB), 1974
• Executive Program, Standford University, 1995 • Executive Development Program, University of Michigan, 1994
• Doctor Honoris Causa dari Central Queensland University, • Executive Program, Stanford University, 1995
Australia, 2019 • Doctor Honoris Causa, Central Queensland University,
Australia, 2019
Riwayat Pekerjaan
Work Experience
• Menteri Perumahan Rakyat Republik Indonesia (2009–2011) • Minister of Public Housing of the Republic of Indonesia
• Anggota Dewan Pertimbangan Presiden Republk Indonesia (2009–2011)
(2015–2019) • Member of the Presidential Advisory Council of the Republic
• Visiting Professor di Guangdong University of Finance of Indonesia (Wantimpres) (2015–2019)
(2016–2018) • Visiting Professor, Guangdong University of Finance
• Menteri Perencanaan Pembangunan Nasional/Kepala Badan (2016–2018)
Perencanaan Pembangunan Nasional (2019–2024) • Minister of National Development Planning/Head of Bappenas
of the Republic of Indonesia (2019–2024)
Jabatan Lainnya
Concurrent Positions
Tidak memiliki jabatan lain Does not have any other position
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 08 tanggal Deed of Annual GMS Resolutions No. 08 dated 21 May 2025
21 Mei 2025
Laporan Tahunan 2025 Annual Report 99
Page 100
Profil Direksi
Board of Directors’ Profile
Pada 2025, komposisi Direksi Indocement tidak In 2025, the composition of Indocement’s Board of
mengalami perubahan. Directors remained unchanged.
CHRISTIAN KARTAWIJAYA 58
tahun
years old
Direktur Utama
Indonesia
President Director Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan pemegang saham pengendali.
Affiliation Affiliated relationship with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Sarjana Teknik Sipil, Universitas Trisakti, tahun 1989 • Bachelor of Civil Engineering, Universitas Trisakti, 1989
• Master of Business Administration di bidang Keuangan dari • Master of Business Administration, majoring in Finance from
San Diego State University, San Diego, California, tahun 1994 San Diego State University, San Diego, California, 1994
• M.A.C.E., SWBTS, Fort Worth, Texas, Amerika Serikat, tahun • M.A.C.E., SWBTS, Fort Worth, Texas, United States, 2013
2013
Riwayat Pekerjaan
Work Experience
• Deputi Direktur Keuangan, PT Indocement Tunggal Prakarsa Tbk. • Deputy Finance Director of PT Indocement Tunggal Prakarsa Tbk.
(2001–2004) (2001–2004)
• Direktur Keuangan, PT Indocement Tunggal Prakarsa Tbk. • Finance Director of PT Indocement Tunggal Prakarsa Tbk.
(2004–2011) (2004–2011)
Jabatan Lainnya
Concurrent Positions
Menjabat sebagai anggota Dewan Komisaris di berbagai entitas Serving as the Board of Commissioners member in several
anak dan entitas asosiasi Perseroan. Company’s subsidiaries and associated entities.
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
100 Laporan Tahunan 2025 Annual Report
Page 101
Profil Perusahaan
Company Profile
BENNY SETIAWAN SANTOSO 67
tahun
years old
Wakil Direktur Utama
Indonesia
Vice President Director Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Tidak memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan pemegang saham pengendali.
Affiliation Not affiliated with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
Diploma Bisnis dari Ngee Ann College, Singapura, 1981 Business Diploma from Ngee Ann College, Singapore, 1981
Riwayat Pekerjaan
Work Experience
• Direktur Indofood Agri Resources Ltd. (2007–2009) • Director of Indofood Agri Resources Ltd. (2007–2009)
• Komisaris Utama PT Indoritel Makmur Internasional Tbk. • President Commissioner of PT Indoritel Makmur Internasional Tbk.
(2013–2015) (2013–2015)
Jabatan Lainnya
Concurrent Positions
• Komisaris Utama PT Nippon Indosari Corpindo Tbk. • President Commissioner of PT Nippon Indosari Corpindo Tbk.
• Komisaris PT Indofood Sukses Makmur Tbk. • Commissioner of PT Indofood Sukses Makmur Tbk.
• Direktur Non-Eksekutif First Pacific Co. Ltd. • Non-Executive Director of First Pacific Co. Ltd.
• Anggota Dewan Penasihat Philippines Long Distance • Member of Advisory Board of the Philippines Long Distance
Telephone Company (PLDT) Telephone Company (PLDT)
• Direktur PT Nusantara Infrastructure Tbk. • Director of PT Nusantara Infrastructure Tbk.
• Komisaris PT Fastfood Indonesia Tbk. • Commissioner of PT Fastfood Indonesia Tbk.
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
Laporan Tahunan 2025 Annual Report 101
Page 102
HASAN IMER 71
tahun
years old
Direktur
Turki
Director Turkish
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan pemegang saham pengendali.
Affiliation Affiliated relationship with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
Sarjana Sains jurusan Teknik Mesin dari Yildiz Technical Bachelor of Science, majoring in Mechanical Engineering, Yildiz
University, Istanbul, Turki, 1979 Technical University, Istanbul, Turkey, 1979
Riwayat Pekerjaan
Work Experience
• Manajer Proyek dan Investasi di Akcansa’s Çanakkale Plant • Project and Investment Manager, Turkey’s Akcansa’s
(HeidelbergCement Group) Turki pada 1988, dengan jabatan Çanakkale Plant (HeidelbergCement Group), Turkey, in 1988,
terakhir sebagai Manager of Plant and Second Kiln Line with his last position as Manager of Plant and Second Kiln
Project. Line Project.
• Koordinator Wilayah Asia di HeidelbergCement Technology • Asia Region Coordinator of HeidelbergCement Technology
Center, Jerman, (2001–2004) Center, Germany (2001–2004)
Jabatan Lainnya
Concurrent Positions
Komisaris PT Semen Grobogan Commissioner of PT Semen Grobogan
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
102 Laporan Tahunan 2025 Annual Report
Page 103
Profil Perusahaan
Company Profile
TROY DARTOJO SOPUTRO 61
tahun
years old
Direktur
Indonesia
Director Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Tidak memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan pemegang saham pengendali.
Affiliation Not affiliated with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Sarjana Teknik Sipil Universitas Atmajaya Yogyakarta, 1988 • Bachelor of Civil Engineering, Universitas Atmajaya,
• Magister Administrasi Bisnis dari University of Portland, Yogyakarta, 1988
Oregon, Amerika Serikat, 1991 • Master of Business Administration from University of
Portland, Oregon, United States of America, 1991
Riwayat Pekerjaan
Work Experience
• Logistic Division Manager PT Indocement Tunggal Prakarsa Tbk. • Logistic Division Manager of PT Indocement Tunggal Prakarsa Tbk.
(2010–2013) (2010–2013)
• Sales and Marketing Division Manager PT Indocement Tunggal • Sales and Marketing Division Manager of PT Indocement
Prakarsa Tbk. (2014–2015) Tunggal Prakarsa Tbk. (2014–2015)
Jabatan Lainnya
Concurrent Positions
• Direktur Utama PT Semen Grobogan • President Director of PT Semen Grobogan
• Menjabat sebagai anggota Dewan Komisaris di berbagai • Serving as the Board of Commissioners member in several
entitas anak dan entitas asosiasi Perseroan. Company’s subsidiaries and associated entities.
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
Laporan Tahunan 2025 Annual Report 103
Page 104
OEY MARCOS 53
tahun
years old
Direktur
Indonesia
Director Indonesian
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Tidak memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan pemegang saham pengendali.
Affiliation Not affiliated with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Sarjana Ekonomi Jurusan Akuntansi, Universitas Trisakti, 1994 • Bachelor of Economics majoring in Accounting, Universitas
• Magister Manajemen di Bidang Bisnis Strategis, Institute of Trisakti, 1994.
Business and Management Prasetiya Mulya, Jakarta, 2013 • Master of Management in Strategic Business from Institute of
Business and Management Prasetiya Mulya, Jakarta, 2013
Riwayat Pekerjaan
Work Experience
• Auditor Eksternal di Kantor Akuntan Publik Prasetio, Utomo & • External Auditor of Public Accounting Firm Prasetio, Utomo &
Co. (anggota dari Arthur Andersen) (1995–1999) Co. (member of Arthur Andersen) (1995–1999)
• General Manager of Finance & Accounting Sugar Group • General Manager of Finance & Accounting of Sugar Group
Companies di Lampung (1999–2002) Companies, Lampung (1999–2002)
• Plant Controller PT Indocement Tunggal Prakarsa Tbk. • Plant Controller of PT Indocement Tunggal Prakarsa Tbk.
(2002–2014) (2002–2014)
• Asisten Direktur Utama dan Corporate Public & Internal • Assistant to the President Director and Corporate Public &
Affairs Division Manager PT Indocement Tunggal Prakarsa Tbk. Internal Affairs Division Manager of PT Indocement Tunggal
(2014–2016) Prakarsa Tbk. (2014–2016)
• Sekretaris Perusahaan PT Indocement Tunggal Prakarsa Tbk. • Corporate Secretary of PT Indocement Tunggal Prakarsa Tbk.
(2016–2023) (2016–2023)
Jabatan Lainnya
Concurrent Positions
Menjabat sebagai anggota Dewan Komisaris di berbagai entitas Serving as the Board of Commissioners member in several
anak dan entitas asosiasi Perseroan. Company’s subsidiaries and associated entities.
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
104 Laporan Tahunan 2025 Annual Report
Page 105
Profil Perusahaan
Company Profile
HOLGER MØRCH 56
tahun
years old
Direktur
Denmark
Director Danish
Domisili Periode Jabatan
Jakarta 2024–2027
Domicile Term of Office
Memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan pemegang saham pengendali.
Affiliation Affiliated relationship with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Sarjana Sains Technology Management and Marine • Bachelor of Science, Technology Management and Marine
Engineering Svendborg Mariene Engineer Academy, 1997 Engineering Svendborg Mariene Engineer Academy, 1997
• Diploma Ekonomi Bisnis University of Southern Denmark, • Diploma in Business Economics, University of Southern
2000 Denmark, 2000
• Magister Administrasi Bisnis University of Bradford, 2019 • Master of Business Administration, University of Bradford,
2019
Riwayat Pekerjaan
Work Experience
• Commissioning Engineer di FLSmidth (2000–2003) • Commissioning Engineer of FLSmidth (2000–2003)
• Commissioning Manager di FLSmidth (2003–2008) • Commissioning Manager of FLSmidth (2003–2008)
• Project Manager di Heidelberg Technology Center Indonesia • Project Manager of Heidelberg Technology Center Indonesia
(2008–2015) (2008–2015)
Jabatan Lainnya
Concurrent Positions
Direktur PT Pama Indo Mining (entitas asosiasi) Director of PT Pama Indo Mining (associated entity)
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 tanggal Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
14 Mei 2024
Laporan Tahunan 2025 Annual Report 105
Page 106
SUNNIRA LY 51
tahun
years old
Direktur
Prancis
Director French
Domisili Periode Jabatan
Jakarta 2025–2028
Domicile Term of Office
Memiliki hubungan afiliasi dengan anggota Dewan
Hubungan Afiliasi Komisaris, Direksi dan pemegang saham pengendali.
Affiliation Affiliated relationship with members of the Board of
Relationship Commissioners, Board of Directors, and Controlling
Shareholders.
Riwayat Pendidikan
Educational Background
• Sarjana Bisnis Internasional Efficom, 1996 • Bachelor in International Business From Efficom, 1996
• Magister Manajemen Industri dari ESC Lille, 1999 • Master’s in Industrial Management from ESC Lille, 1999
Riwayat Pekerjaan
Work Experience
• Pejabat Keuangan, Italcementi Group, Bangkok Thailand • Finance Officer, Italcementi Group, Bangkok, Thailand
(2000–2001) (2000–2001)
• Auditor Internal Grup, Italcementi Group, Paris, Perancis • Group Internal Auditor, Italcementi Group, Paris, France
(2001–2004) (2001–2004)
• Group Financial Controller, Italcementi Group, Bergamo, Italia • Group Financial Controller, Italcementi Group, Bergamo, Italy
(2004–2007) (2004–2007)
• Chief Financial Officer (CFO) China, Italcementi Group, Xi’an • Chief Financial Officer China, Italcementi Group, Xi’an
(2007–2010) (2017–2010)
• Chief Financial Officer (CFO) Bulgaria, Italcementi Group, • Chief Financial Officer Bulgaria, Italcementi Group, Varn
Varna (2010–2014) (2010–2014)
• Chief Financial Officer (CFO) India, Italcementi Group, • Chief Financial Officer India, Italcementi Group, Bangalore
Bengaluru (2014–2016) (2014–2016)
• Direktur Audit Internal Wilayah Eropa Barat dan Selatan, • Internal Audit Director Western and Southern Europe Area,
Heidelberg Materials, Heidelberg, Jerman (2016–2018) Heidelberg Materials, Heidelberg, Germany (2016–2018)
• Direktur Keuangan di Benelux, Heidelberg Materials Brussels • Finance Director in Benelux, Heidelberg Materials Brussels
(2018–2023) (2018–2023)
• Wakil Presiden Keuangan Heidelberg Materials Canada • Vice President Finance Heidelberg Materials Canada
(2023–2024) (2023–2024)
Jabatan Lainnya
Concurrent Positions
Tidak memiliki jabatan lain Does not have any other position
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Akta Pernyataan Keputusan RUPS Tahunan Nomor 08 tanggal Deed of Annual GMS Resolutions No. 08 dated 21 May 2025
21 Mei 2025
106 Laporan Tahunan 2025 Annual Report
Page 107
Profil Perusahaan
Company Profile
Perubahan Komposisi Dewan
Komisaris dan Direksi Setelah Tahun
Buku Berakhir
Changes in the Composition of the Board of Commissioners and
Board of Directors After the End of the Financial Year
Tidak terdapat perubahan komposisi Dewan There have been no changes in the composition of
Komisaris dan Direksi Perseroan setelah tahun buku the Board of Commissioners and Board of Directors
berakhir. of the Company following the end of the financial
year.
Pencinta Alam Indocement (Palindo) mendaki Gunung Merbabu sebagai bagian dari rangkaian perayaan HUT ke-50
Indocement. Kegiatan ini menjadi wujud kebersamaan, semangat, serta komitmen untuk terus melangkah maju.
Indocement Nature Club (Palindo) hiked Mount Merbabu as part of Indocement’s 50th Anniversary celebrations.
The activity reflects togetherness, spirit, and a commitment to keep moving forward.
Laporan Tahunan 2025 Annual Report 107
Page 108
Struktur dan Komposisi
Pemegang Saham
Shareholders Structure and Composition
Spohn Cement Beteiligungen GmbH
Dikendalikan oleh | Control by Masyarakat | Public
Ludwig Merckle
(71,60%)
(28,40%)
Heidelberg Materials AG
(53,40%)
Terdaftar di berbagai bursa saham di
Jerman
Listed on various German stock exchange
Masyarakat | Public
(40,61%)
Saham Treasury | Treasury Shares
(5,99%)
1 Januari 2025 31 Desember 2025
1 January 2025 31 December 2025
Pemegang Saham Harga Nominal
Harga Nominal Persentase Persentase
Shareholders Jumlah Jumlah Rp500/Saham
Rp500/Saham Kepemilikan Kepemilikan
Saham Saham Nominal Price
Nominal Price Ownership Ownership
Total Shares Total Shares of Rp500/
of Rp500/Share Percentage Percentage
Share
Heidelberg Materials AG 1.877.480.863 938.740.431.500 51,00 1.877.480.863 938.740.431.500 53.40
Masyarakat (masing-masing 1.472.493.036 736.246.518.000 40,00 1.427.629.536 713.814.768.000 40,61
memiliki kurang dari 5%)
Public (each ownership is
less than 5%)
Saham Treasury* 331.257.800 165.628.900.000 9,00 210.492.400 105.246.200.000 5,99
Treasury Shares*
* Terdapat saham treasury sebagai hasil dari aksi korporasi Perseroan:
• Periode 3 Desember 2021 sampai dengan 6 Desember 2022, pembelian kembali saham Perseroan dalam pasar yang berfluktuatif
secara signifikan. Sesuai dengan keputusan RUPS Luar Biasa yang diadakan pada 21 Mei 2025, telah dialihkan sebagian dengan cara
pengurangan modal ditempatkan dan disetor sebanyak 165.628.900 saham.
• Periode 14 Mei 2024 sampai dengan 31 Desember 2024, pembelian kembali saham Perseroan sesuai keputusan RUPS Luar Biasa yang
diadakan pada 14 Mei 2024 sebanyak 81.099.500 saham.
• Periode 22 Mei 2025 sampai dengan 21 Mei 2026, pembelian kembali saham Perseroan sesuai dengan Keputusan Luar Biasa yang
diadakan pada 21 Mei 2025 (posisi sampai dengan 31 Desember 2025) sebanyak 44.863.500 saham.
* There are treasury shares as a result of the Company’s corporate action:
• Period of 3 December 2021 to 6 December 2022, the Company’s share buyback in a significantly fluctuating market. In accordance
with the resolution of the Extraordinary GMS held on 21 May 2025, a portion of the Company’s shares has been transferred by reducing
issued and paid-up capital by 165,628,900 shares.
• Period of 14 May 2024 to 31 December 2024, the Company’s share buyback in accordance with the resolution of the Extraordinary GMS
held on 14 May 2024 amounted to 81,099,500 shares.
• Period of 22 May 2025 to 21 May 2026, the Company’s share buyback in accordance with the resolution of the Extraordinary GMS held
on 21 May 2025 (position as of 31 December 2025), amounted to 44,863,500 shares.
108 Laporan Tahunan 2025 Annual Report
Page 109
Profil Perusahaan
Company Profile
20 Pemegang Saham Terbesar (Per 31 Desember 2025)
Top 20 Shareholders (as of 31 December 2025)
Jumlah Saham
Pemegang Saham Kepemilikan (%)
No. (Lembar) Nominal (Rp)
Shareholders Ownership (%)
Total Shares (Shares)
1. HEIDELBERG MATERIALS AG 1.877.480.863 938.740.431.500 53,40
2. PT Indocement Tunggal Prakarsa Tbk. 210.492.400 105.246.200.000 5,99
3. UBS AG SINGAPORE S/A TREASURE EAST 103.892.794 51.946.397.000 2,96
INVESTMENTS LTD-2091144145
4. DJS KETENAGAKERJAAN PROGRAM JHT 102.136.049 51.068.024.500 2,91
5. BANK JULIUS BAER CO LTD, SINGAPORE S/A 80.456.337 40.228.168.500 2,29
DORNIER PROFITS LIMITED
6. BNYM RE BNYMLB RE EMPLOYEES 70.480.966 35.240.483.000 2,00
PROVIDENTFD BOARD-2039927326
7. DB AG SG A/C PARALLAX VENTURE PARTN 57.500.000 28.750.000.000 1,64
XXX LTD WM CLT-2146014020
8. DEUTSCHE BANK AG SINGAPORE-PWM- 55.000.000 27.500.000.000 1,56
PLEDGE WM CLIENT-2146014004
9. POWERSIDE INVESTMENTS LIMITED 42.211.026 21.105.513.000 1,20
10. BNYM RE BNYMLB RE INVESCO ASIAN FUND 35.908.200 17.954.100.000 1,02
(UK)
11. SCB SG PVB A/C PARALLAX VENTURE 30.000.000 15.000.000.000 0,85
PARTNERS XXX LTD
12. BANK JULIUS BAER CO LTD, SINGAPORE S/A 27.836.145 13.918.072.500 0,79
DORNIER PROFITS LIMITED
13. JPMCB NA RE-MFS INTERNATIONAL NEW 25.459.900 12.729.950.000 0,72
DISCOVERY FUND
14. CITIBANK HONG KONG S/A HOSTPLUS 25.070.020 12.535.010.000 0,71
POOLED SUPERANNUATION TRUST-
NORTHCAPE CAPITAL
15. DORNIER PROFITS LIMITED 24.409.660 12.204.830.000 0,69
16. POWERSIDE INVESTMENTS LIMITED 23.824.872 11.912.436.000 0,68
17. UBS AG SINGAPORE S/A TREASURE EAST 22.000.000 11.000.000.000 0,63
INVESTMENTS LTD-2091144145
18. PT TASPEN (ASURANSI) – FVTPL 21.808.200 10.904.100.000 0,62
19. UBS AG LDN BRANCH A/C 20.361.000 10.180.500.000 0,58
CLIENT-2157234000
20. BNYMSANV RE SANVLUX RE INVESCO FUNDS 18.522.000 9.261.000.000 0,53
Komposisi Pemegang Saham dengan Kepemilikan >5%
Composition of Shareholders with Ownership >5%
Pemegang Saham Jumlah Saham (Saham) Kepemilikan (%)
Nominal (Rp)
Shareholders Total Shares (Shares) Ownership (%)
Heidelberg Materials AG 1.877.480.863 938.740.431.500 53,40
PT Indocement Tunggal Prakarsa Tbk. 210.492.400 105.246.200.000 5,99
Jumlah 2.087.973.263 1.043.986.631.500 59,39
Total
Laporan Tahunan 2025 Annual Report 109
Page 110
Komposisi Pemegang Saham dengan Composition of Shareholders with
Kepemilikan <5% Ownership <5%
Komposisi pemegang saham masyarakat di bawah Shareholders composition of public below 5%,
5% berdasarkan klasifikasi kepemilikan institusi based on classification, consists of local institution
lokal, kepemilikan institusi asing, kepemilikan ownership, foreign institution ownership, local
individu lokal, dan kepemilikan individu asing. individual ownership, and foreign individual ownership.
Domestik Asing
Kelompok Pemegang Domestic Foreign
Saham Jumlah Pemegang Jumlah Pemegang
Shareholder Group Jumlah Saham Jumlah Saham
Saham Saham
Total Shares Total Shares
Total Shareholders Total Shareholders
Individual 82.667.310 11.406 1.691.180 54
Institusi 307.798.874 340 1.035.472.172 345
Institution
Jumlah 390.466.184 11.746 1.037.163.352 399
Total
Kepemilikan Saham Oleh Dewan Share Ownership by the Board of
Komisaris dan Direksi Commissioners and Board of Directors
Seluruh anggota Dewan Komisaris dan Direksi All members of the Board of Commissioners and
Perseroan tidak memiliki saham Perseroan, baik Board of Directors of the Company do not own any
secara langsung maupun melalui keluarga hingga shares of the Company, either directly or through
derajat ketiga. family up to the third degree.
Pemegang Saham Utama dan Main Shareholders and Controlling
Pemegang Saham Pengendali Shareholders
Sebanyak 53,40% saham Perseroan, atau setara Heidelberg Materials AG owns 53.40% of the
dengan 1.877.480.863 lembar saham dimiliki oleh Company’s shares, or equal to 1,877,480,863 shares,
Heidelberg Materials AG, sehingga perusahaan yang which makes the company that is domiciled in
berdomisili di Jerman ini merupakan pemegang German the main shareholder as well as the
saham utama sekaligus pemegang saham pengendali controlling shareholder of the Company. Heidelberg
Perseroan. Heidelberg Materials AG, merupakan Materials AG is one of the world’s largest integrated
salah satu produsen bahan dan solusi bangunan building materials and solutions manufacturers with
terintegrasi terbesar di dunia dengan posisi a leading market position in the cement, aggregate
terkemuka dalam pasar semen, agregat, dan beton and ready-mix concrete. Heidelberg Materials AG
siap-pakai. Heidelberg Materials AG, mempekerjakan employs more than 50,000 employees in almost 50
lebih dari 50.000 karyawan di hampir 50 negara. countries.
110 Laporan Tahunan 2025 Annual Report
Page 111
Profil Perusahaan
Company Profile
Entitas Anak dan Entitas Asosiasi
Subsidiaries and Associated Entities
Entitas Anak Langsung
Direct Subsidiaries
Jumlah Aset (dalam
Kepemilikan Saham jutaan Rupiah)
Nama Share Ownership Status Total Assets (in
Bidang Usaha Tahun Berdiri
Perusahaan Domisili Operasi millions of Rupiah)
Line of Year of
Company Domicile Operation
Business Pemegang Incorporation
Name Status
Saham % 2025 2024
Shareholder
PT Semen Desa Sugihmanik, Produsen Indocement 99,99 1992 2022 6.290.196 6.095.230
Grobogan Kec. Tanggungharjo, Semen
Kab. Grobogan, Jawa Cement
Tengah–58166 Producer
PT Dian Wisma Indocement, Distributor Indocement 99,96 1998 1999 2.884.443 2.696.927
Abadi Lt. 8 Jl. Jenderal Semen
Perkasa Sudirman, Kav. Cement
70–71, Jakarta 12910 Distributor
PT Indomix Wisma Indocement, Pabrikasi Indocement 99,99 1992 1992 533.955 534.242
Perkasa Lt. 13 Jl. Jenderal Beton Siap-
Sudirman, Kav. Pakai
70–71, Jakarta 12910 Ready-Mix
Concrete
Manufacturing
PT Sari Wisma Indocement, Perusahaan Indocement 99,99 1998 Belum 21.851 18.332
Bhakti Sejati Lt. 13 Jl. Jenderal Investasi beroperasi
Sudirman, Kav. Investment Not yet in
70–71, Jakarta 12910 Company operations
PT Lentera Wisma Indocement, Perusahaan Indocement 99,99 1998 Belum 92 90
Abadi Lt. 13 Jl. Jenderal Investasi beroperasi
Sejahtera Sudirman, Kav. Investment Not yet in
70–71, Jakarta 12910 Company operations
PT Makmur Wisma Indocement, Perusahaan Indocement 99,99 1998 Belum 43 93
Abadi Lt. 8 Jl. Jenderal Investasi beroperasi
Perkasa Sudirman, Kav. Investment Not yet in
Mandiri 70–71, Jakarta 12910 Company operations
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Entitas Anak Tidak Langsung
Indirect Subsidiaries
Jumlah Aset (dalam
Kepemilikan Saham jutaan Rupiah)
Nama Share Ownership Status Total Assets (in
Bidang Usaha Tahun Berdiri
Perusahaan Domisili Operasi millions of Rupiah)
Line of Year of
Company Domicile Operation
Business Pemegang Incorporation
Name Status
Saham % 2025 2024
Shareholder
PT Wisma Indocement, Pabrikasi Beton PT Indomix 99,99 1996 1996 1.467.115 1.007.256
Pionirbeton Lt. 8 Jl. Jenderal Siap-Pakai Perkasa
Industri Sudirman, Kav. 70- Ready-Mix
71, Jakarta 12910 Concrete
Manufacturing
PT Mandiri Kp. Cikakak RT/ Tambang PT Dian Abadi 99,99 1998 2008 749.045 739.464
Sejahtera RW 009/005 Agregat Perkasa
Sentra Kel. Sukamulya, Aggregate
Kec. Tegalwaru, Quarrying
Purwakarta
PT Tarabatuh Kp. Joglo RT/ Tambang PT Mandiri 99,99 1999 2014 609.307 554.043
Manunggal RW 04/04 Desa Agregat Sejahtera
Cipinang Kec. Aggregate Sentra
Rumpin, Kabupaten Quarrying
Bogor
PT Bahana Wisma Indocement, Pelayaran PT Dian Abadi 99,99 1990 1990 372.171 395.730
Indonor Lt. 13 Jl. Jenderal Shipping Perkasa
Sudirman, Kav. 70-
71, Jakarta 12910
PT Cipta Jl. Mayor Oking Pelayaran PT Bahana 99,99 2019 2021 137.597 127.408
Armada Jayaatmadja, Shipping Indonor
Bersama Desa Citeureup,
Kec. Citeureup,
Kabupaten Bogor
PT Multi Pelabuhan Lembar, Pengelolaan PT Dian Abadi 99,99 1999 2022 96.331 199.977
Bangun Lombok Pelabuhan Perkasa
Galaxy Port
Management
PT Lintas Wisma Indocement, Pelayaran PT Bahana 99,99 2014 2014 75.765 68.267
Bahana Abadi Lt. 13 Jl. Jenderal Shipping Indonor
Sudirman, Kav. 70-
71, Jakarta 12910
PT Mineral Jl. Diponegoro No. 7 Penambangan PT Dian Abadi 99,99 2008 2009 68.417 67.852
Industri Kel. Gunung Puyuh, Trass Perkasa
Sukabumi Kec. Gunung Puyuh, Trass Quarrying
Sukabumi
PT Sahabat Raya Pati-Kayen Penambangan PT Dian Abadi 99,99 1996 Belum 39.648 39.681
Muliasakti KM3, RT/RW 23/3, Tanah Liat dan Perkasa beroperasi
Panjunan, Pati, Batu Kapur Not yet in
Jawa Tengah Clay and operations
Limestone
Quarrying
PT Semesta Kp. Pasir Tangkil Perdagangan PT Mineral 99,99 2016 Belum 32.415 32.386
Perkasa Cipta RT/RW 013/005, dan Jasa Industri beroperasi
Bantarjati Trading and Sukabumi Not yet in
Klapanunggal, Service operations
Kabupaten Bogor
16820
PT Bhakti Jl. Mayor Oking Jasa PT Dian Abadi 99,99 1998 2012 30.246 27.520
Sari Perkasa Jayaatmaja RT/RW Penyediaan Perkasa
Abadi 02/05, Puspanegara, Tenaga kerja
Citeureup, Labor Supplier
Kabupaten Bogor Services
PT Tigaroda Wisma Indocement, Konstruksi PT Dian Abadi 99,99 2017 2020 10.756 25.678
Rumah Lt. 4, Jl. Jenderal Construction Perkasa
Sejahtera Sudirman, Kav. 70-
71, Jakarta 12910
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Profil Perusahaan
Company Profile
Jumlah Aset (dalam
Kepemilikan Saham jutaan Rupiah)
Nama Share Ownership Status Total Assets (in
Bidang Usaha Tahun Berdiri
Perusahaan Domisili Operasi millions of Rupiah)
Line of Year of
Company Domicile Operation
Business Pemegang Incorporation
Name Status
Saham % 2025 2024
Shareholder
PT Tiro Abadi Wisma Indocement, Perdagangan PT Dian Abadi 99,99 2016 2018 8.000 500
Perkasa Lt. 13, Jl. Jenderal Trading Perkasa
Sudirman, Kav. 70-
71, Jakarta 12910
PT Makmur Jl. Tanah Abang Perdagangan, PT Makmur 99,99 2014 Belum 7.813 4.314
Lestari Abadi I No. 11F, Kel. Penambangan, Lestari beroperasi
Petojo Selatan dan Jasa Indonesia Not yet in
Kec. Gambir, Kota Trading, Mining, operations
Administrasi and Services
Jakarta Pusat
PT Makmur Jl. Tanah Abang Perdagangan PT Semesta 99,99 2014 Belum 6.942 6.944
Lestari I No. 11F, Kel. dan Jasa Perkasa Cipta beroperasi
Indonesia Petojo Selatan Trading and Not yet in
Kec. Gambir, Kota Service operations
Administrasi
Jakarta Pusat
PT Kencana Podomoro City Ruko Penambangan, PT Makmur 99,99 2015 Belum 2.578 2.285
Terang Garden Shopping Perdagangan, Lestari beroperasi
Sejahtera Arcade Blok B/8 Dh, dan Jasa Indonesia Not yet in
Jl. Letjen S. Parman Mining, Trading, operations
Kav. 28, Kel. Tanjung and Services
Duren Utara,
Jakarta Barat
PT Sinar Ruko Crown Palace Penambangan, PT Makmur 99,99 2016 Belum 1.784 1.816
Sakti Agung Blok D No. 15 Jl. Perdagangan, Lestari beroperasi
Prof. Dr. Soepomo, dan Jasa Indonesia Not yet in
Menteng Dalam, Mining, Trading, operations
Tebet, Jakarta and Services
Selatan
PT Makmur Jl. Tanah Abang Industri PT Makmur 99,99 2015 Belum 589 589
Lestari I No. 11F, Kel. Perdagangan, Lestari beroperasi
Sentosa Petojo Selatan dan Indonesia Not yet in
Kec. Gambir, Kota Transportasi operations
Administrasi Trading and
Jakarta Pusat Transportation
Industry
PT Terang Jl. Imam Bonjol Penambangan PT Sari Bhakti 99,99 2011 Belum 484 474
Prakarsa No.8, Kel. Petisah Batu Kapur Sejati beroperasi
Cipta Tengah, Kec. Medan Limestone Not yet in
Ratisah. Kota Quarrying operations
Medan
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Entitas Asosiasi
Associated Entities
Jumlah Aset (dalam
Kepemilikan Saham jutaan Rupiah)
Nama Share Ownership Status Total Assets (in
Bidang Usaha Tahun Berdiri
Perusahaan Domisili Operasi millions of Rupiah)
Line of Year of
Company Domicile Operation
Business Pemegang Incorporation
Name Status
Saham % 2025 2024
Shareholder
PT Jaya Jl. Raya Mayor Pelayaran PT Bahana 50,00 2017 2021 167.690 152.843
Berdikari Oking Jayaatmaja, Shipping Indonor
Cipta Citeureup,
Kabupaten Bogor
PT Cibinong Kp. Pasir Tangkil Pengelolaan Indocement 50,00 1989 1991 150.842 240.957
Center RT/RW 013/005, Kawasan
Industrial Bantarjati Industri di
Estate Klapanunggal, Kompleks
Kabupaten Bogor, Pabrik
16820 Citeureup
Management
of Industrial
Estate in
Citeureup
Factory
PT Samudra Jl. Pluit Raya No. Pengangkutan Indocement 50,00 2024 2025 138.411 114.000
Harmoni 67B, RT007, RW 008, dan
Prakarsa Penjaringan, Jakarta Pergudangan
Utara, DKI Jakarta Logistic and
14440 Warehouses
PT Pama Jl. Rawa Gelam Penambangan PT Dian Abadi 40,00 1997 1997 92.416 117.788
Indo Mining I No.9, Kawasan Tanah Liat dan Perkasa
Industri Pulogadung, Batu Kapur
Jakarta Timur Clay and
Limestone
Quarrying
PT Mortar Jl. Mayor Oking Industri Mortar PT 40,00 2025 2025 78.294 -
Prakarsa Jayaatmaja, Mortar Industry Pionirbeton
Utama Puspanegara, Industri
Citeureup,
Kabupaten Bogor
PT Bhakti Jl. Mayor Oking Jasa PT Bhakti Sari 30,00 2015 2016 32.638 30.321
Sari Perkasa Jayaatmaja RT/RW Penyediaan Perkasa Abadi
Bersama 02/05, Puspanegara, Tenaga Kerja
Citeureup, Labor Supplier
Kabupaten Bogor Services
PT Prima Jl. Hayam Wuruk Distributor PT Tiro Abadi 25,00 2025 2025 29.744 -
Abadi No. 6, RT 000 RW Semen Perkasa
Distribusi 000, Dangin Puri, Cement
Denpasar Timur, Distributor
Kota Denpasar, Bali
PT Amita Epicentrum Walk Pengelolaan PT Sari Bhakti 20,00 2024 Belum 9.969 10.000
Prakarsa 3rd A306-307, Jl. HR Limbah Sejati beroperasi
Hijau Rasuna Said, Karet Waste Not yet in
Kuningan, Setiabudi Treatment operations
Jakarta Selatan
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Profil Perusahaan
Company Profile
Indocement menerima sertifikat Rekor MURI Mewarnai Motif Batik di Bahan Kantong Semen oleh Peserta
Terbanyak sebagai bagian dari perayaan HUT ke-50 Indocement di Jakarta.
Indocement received the MURI Record certificate for “Coloring Batik Motifs on Cement Bag Material by the
Largest Number of Participants” as part of Indocement’s 50th Anniversary celebrations in Jakarta.
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Struktur Grup Perusahaan
Corporate Group Structure
PT Makmur
PT Dian Abadi
Abadi Perkasa
Perkasa
Mandiri
99,96% 99,99%
PT Mineral PT Sahabat PT Bhakti Sari PT Multi PT Tiro Abadi PT Mandiri
Industri Sukabumi Muliasakti Perkasa Abadi Bangun Galaxy Perkasa Sejahtera Sentra
99,99% 99,99% 99,99% 99,99% 99,99% 99,99%
PT Bhakti
PT Semesta PT Prima Abadi PT Tarabatuh
Sari Perkasa
Perkasa Cipta Distribusi Manunggal
Bersama
99,99% 30,00% 25,00% 99,99%
PT Makmur
Lestari Indonesia
99,99%
PT Makmur PT Kencana PT Makmur PT Sinar Sakti
Lestari Abadi Terang Sejahtera Lestari Sentosa Agung
99,99% 99,99% 99,99% 99,99%
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Profil Perusahaan
Company Profile
PT Cibinong
PT Semen PT Lentera PT Indomix PT Sari Bhakti
Center Industrial
Grobogan Abadi Sejahtera Perkasa Sejati
Estate
99,99% 99,99% 99,99% 99,99% 50,00%
PT Bahana PT Tigaroda PT Pama Indo PT Pionirbeton PT Terang PT Amita
Indonor Rumah Sejahtera Mining Industri Prakarsa Cipta Prakarsa Hijau
99,99% 99,99% 40,00% 99,99% 99,99% 20,00%
PT Mortar
Prakarsa Utama
40,00%
PT Samudra
PT Lintas PT Cipta PT Jaya
Harmoni
Bahana Abadi Armada Bersama Berdikari Cipta
Prakarsa
99,99% 99,99% 50,00% 50,00%
Entitas Anak Kepemilikan Langsung
Direct Ownership Subsidiaries
Entitas Anak Kepemilikan Tidak Langsung
Indirect Ownership Subsidiaries
Entitas Asosiasi
Associated Entities
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Kronologi Penerbitan dan/atau
Pencatatan Saham
Chronology of Share Issuance and/or Listing
PT Indocement Tunggal Prakarsa Tbk. pertama kali PT Indocement Tunggal Prakarsa Tbk. first listed
mencatatkan sahamnya di Bursa Efek Indonesia its shares on Indonesia Stock Exchange (formerly
(dahulu Bursa Efek Jakarta) pada 5 Desember Jakarta Stock Exchange) on 5 December 1989,
1989, melalui penawaran umum perdana sebanyak through an initial public offering of 59,888,100
59.888.100 saham. Dalam perkembangannya, shares. Throughout its development, the Company
Perseroan telah melakukan beberapa aksi korporasi has undertaken several corporate actions that
yang berdampak pada perubahan jumlah saham yang have impacted the number of shares traded on the
diperdagangkan di bursa. Pada 31 Desember 2025, exchange. As of 31 December 2025, the Company’s
tercatat jumlah saham beredar Perseroan adalah outstanding shares were 3,305,110,399 with a nominal
3.305.110.399 lembar dengan nominal Rp500 per value of Rp500 per share.
lembar saham.
1989
Para pemegang saham menyetujui, antara lain penawaran The shareholders approved, among others, the initial offering
umum saham Perseroan kepada publik. Setelah penawaran of Company shares to the public. After the public offering,
umum, jumlah seluruh saham yang telah dikeluarkan oleh the total number of issued shares of the Company became
Perseroan menjadi sebesar 598.881.000 saham. 598,881,000 shares.
1991
Penerbitan obligasi konversi dengan jumlah nominal USD75 Issuance of convertible bonds with a total nominal value of
juta dengan tingkat bunga 6,75% per tahun di Bursa Efek USD75 million with an interest rate of 6.75% per year on the
Luxembourg dengan harga perdana 100%, yang jatuh tempo Luxembourg Stock Exchange at 100% initial price, with an
pada tahun 2001. Obligasi Euro tersebut dapat dikonversikan original maturity in 2001. The Euro Bonds were convertible
ke saham biasa mulai 1 Agustus 1991 sampai dengan 20 Mei into common shares starting from 1 August 1991 to 20 May
2001 dengan harga konversi perdana sebesar Rp14.450 per 2001, at the initial conversion price of Rp14,450 per share with
saham dengan nilai tukar tetap sebesar Rp1.946 untuk USD1. a fixed exchange rate of Rp1,946 for USD1.
1994
• Penerbitan 8.555.640 saham atas pengkonversian • Issuance of 8,555,640 shares through partial conversion of
sebagian dari Obligasi Euro dengan nilai pokok sebesar Euro Bonds with a principal value of USD35,140,000. The
USD35.140.000. Sisa obligasi sebesar USD39.860.000 telah remaining bonds of USD39,860,000 were fully paid in 1994.
dilunasi seluruhnya pada tahun 1994. • Increase in authorized capital from Rp750 billion to Rp2
• Peningkatan modal dasar dari Rp750 miliar menjadi Rp2 trillion and issuance of one bonus share for every share
triliun dan penerbitan satu saham bonus untuk setiap held by shareholders or a total of 599,790,020 bonus shares.
saham yang dimiliki pemegang saham atau dengan jumlah
keseluruhan sebanyak 599.790.020 saham bonus.
1996
Pemecahan atas nilai nominal saham Perseroan dari Rp1.000 Split the par value of the Company’s shares from Rp1,000 per
per saham menjadi Rp500 per saham. Sehubungan dengan share to Rp500 per share. Accordingly, the number of issued
hal tersebut, jumlah saham yang diterbitkan meningkat dari shares increased from 1,207,226,660 shares to 2,414,453,320
1.207.226.660 saham menjadi 2.414.453.320 saham. shares.
2000
• Peningkatan modal dasar Perseroan dari Rp2 triliun yang • Increase in the Company’s authorized capital from Rp2
terbagi menjadi 4 miliar saham dengan nilai nominal Rp500 trillion, which was divided into 4 billion shares with par
per saham menjadi Rp4 triliun yang terbagi dari 8 miliar value of Rp500 per share, to Rp4 trillion, which was divided
saham dengan nilai nominal Rp500 per saham. into 8 billion shares with the par value of Rp500 per share.
• Penerbitan 69.863.127 saham biasa kepada Marubeni • Issuance of 69,863,127 common shares to Marubeni
Corporation sebagai hasil dari konversi piutang menjadi Corporation as a result of receivable conversion into
ekuitas Perseroan (debt-to-equity swap). Company equity (debt-to-equity swap).
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Profil Perusahaan
Company Profile
2001
Penawaran Hak Memesan Efek Terlebih Dahulu (HMETD) Offer of Pre-emptive Rights (HMETD) to purchase 1,895,752,069
untuk membeli 1.895.752.069 saham baru dengan harga new shares at an execution price of Rp1,200 per share.
pelaksanaan Rp1.200 per saham. Bagi pemegang saham Shareholders who did not exercise their preemptive rights
yang tidak melaksanakan HMETD nya diberikan opsi untuk were given an option to receive Warrants C under certain
menerima Waran C sesuai dengan syarat dan kondisi tertentu. terms and conditions. The total number of shares issued as
Jumlah saham yang diterbitkan sebagai hasil pelaksanaan a result of exercising the preemptive rights were as follows:
HMETD adalah: • 1,196,874,999 shares to Kimmeridge Enterprise Pte. Ltd., a
• 1.196.874.999 saham kepada Kimmeridge Enterprise Pte. subsidiary of Heidelberg Materials; and
Ltd., entitas anak dari Heidelberg Materials AG; dan • 32,073 shares to public shareholders.
• 32.073 saham kepada pemegang saham publik. • The total number of shares issued for the exercise of
• Jumlah saham yang diterbitkan atas pelaksanaan Waran C Warrant C was 8,180 shares.
adalah 8.180 saham.
2021
Pembelian kembali saham atau buyback secara bertahap Shares buyback was conducted gradually for a maximum
maksimal Rp3 triliun. Jumlah saham yang akan dibeli kembali of Rp3 trillion. The number of repurchased shares shall not
tidak akan melebihi 20% dari modal disetor yang dilakukan exceed 20% of the paid-up capital, was carried out in stages
secara bertahap terhitung sejak 6 Desember 2021. Pada starting from 6 December 2021. As of 31 December 2021, the
31 Desember 2021, jumlah saham treasury adalah 131.420.600 treasury shares were amounting to 131,420,600 shares or
saham atau setara dengan 3,6% dari saham Perseroan. equivalent to 3.6% of the Company’s shares. Therefore, the
Sehingga jumlah saham beredar sebanyak 3.549.811.099 number of outstanding shares was 3,549,811,099 shares.
saham.
2022
Selama 2022, Perseroan membeli kembali 118.737.700 saham. In 2022, The Company buyback 118,737,700 shares. Therefore,
Sehingga jumlah pembelian kembali yang dilakukan oleh the total of buyback done by the Company until 31 December
Perseroan sampai dengan 31 Desember 2022 adalah sebanyak 2022 was 250,158,300 shares or equals to 6.8%. Therefore, as
250.158.300 saham atau setara dengan 6,8%. Dengan demikian of 31 December 2022, the number of outstanding shares was
pada 31 Desember 2022, jumlah saham beredar sebanyak 3,431,073,399.
3.431.073.399 saham.
2024
Pembelian kembali saham Perseroan dilakukan sesuai dengan The Company’s shares buyback was conducted in accordance
Keputusan Rapat Umum Pemegang Saham Luar Biasa yang with the Resolution of the Extraordinary General Meeting of
diadakan pada 14 Mei 2024. Periode pembelian kembali saham Shareholders held on 14 May 2024. Shares buyback period
dilakukan pada 15 Mei sampai dengan 31 Desember 2024 dengan was carried out from 15 May to 31 December 2024, with a
jumlah saham yang dibeli kembali adalah sebesar 81.099.500 total of 81,099,500 shares buyback. Therefore, the total
saham. Dengan demikian, jumlah saham treasury Perseroan per treasury shares of the Company as of 31 December 2024 was
31 Desember 2024 adalah sebanyak 331.257.800 saham, dengan 331.257.800 shares, with a total of 3,349,973,899 outstanding
jumlah saham beredar sebanyak 3.349.973.899 saham. shares.
2025
• Penarikan kembali sebagian saham hasil pembelian kembali • Partial withdrawal of shares resulting from the Company’s
saham Perseroan yang dilaksanakan pada tahun 2021 dan share buybacks carried out in 2021 and 2022 by reducing
2022 dengan cara pengurangan modal ditempatkan dan the Company’s issued and paid-up capital by 165,628,900
disetor Perseroan sebanyak 165.628.900 saham, masing- shares, each with a nominal value of Rp500. Therefore, the
masing saham bernilai nominal Rp500. Dengan demikian, Company’s issued and paid-up capital, originally amounted
modal ditempatkan serta modal disetor Perseroan yang to Rp1,840,615,849,500, was divided into 3,681,231,699
semula berjumlah Rp1.840.615.849.500 terbagi atas shares, each with a nominal value of Rp500, became
3.681.231.699 saham, masing-masing saham bernilai Rp1,757,801,399,500, divided into 3,515,602,799 shares,
nominal Rp500 menjadi sebesar Rp1.757.801.399.500 each with a nominal value of Rp500.
terbagi atas 3.515.602.799 saham, masing-masing saham • The Company’s Extraordinary GMS held on 21 May 2025
bernilai nominal Rp500. approved the Company’s share buyback with a maximum
• RUPS Luar Biasa Perseroan yang diadakan pada 21 Mei target cost of Rp895,000,000,000 for the period from 22
2025 menyetujui pembelian kembali saham Perseroan May 2025 to 21 May 2026. As of 31 December 2025, the
dengan target biaya maksimal Rp895.000.000.000 dengan shares resulting from the buyback period was amounted
periode 22 Mei 2025 sampai dengan 21 Mei 2026. Sampai to 44,863,500 shares. Therefore, the Company’s treasury
dengan 31 Desember 2025, saham hasil pembelian kembali shares as of 31 December 2025 were 210,492,400 shares
periode ini sebanyak 44.863.500 saham. Sehingga saham with a total of 3,305,110,399 outstanding shares.
treasury Perseroan per 31 Desember 2025 adalah sebanyak
210.492.400 saham dengan jumlah saham beredar sebanyak
3.305.110.399 saham.
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Kronologi Penerbitan dan/atau Pencatatan Efek Lainnya Chronology of Other Securities Issuance and/or Listing Hingga 31 Desember 2025, Perseroan tidak As of 31 December 2025, the Company did not issue menerbitkan efek lainnya, baik dalam bentuk any other securities, either in the form of bonds, obligasi, sukuk maupun obligasi konversi di bursa sukuk, or convertible bonds on any exchange. manapun. Perseroan tercatat pernah menerbitkan The Company once issued USD75 million Euro Obligasi Konversi Euro (Obligasi Euro) senilai USD75 Convertible Bonds (Euro Bonds) with an interest rate juta dengan tingkat bunga 6,75% per tahun di Bursa of 6.75% per year on Luxembourg Stock Exchange Efek Luxembourg dengan harga perdana 100%, yang at an initial price of 100%, which matured and was jatuh tempo dan telah dilunasi pada 2001. repaid in 2001. Akuntan Publik dan Kantor Akuntan Publik Public Accountant and Public Accounting Firm Akuntan publik dan kantor akuntan publik (KAP) Public accountant and public accounting firm adalah pihak eksternal atau independen yang are external or independent parties in charge of bertugas untuk melakukan pemeriksaan atau audit examining or auditing the Company’s financial laporan keuangan Perseroan agar sesuai dengan statements in order to comply with applicable Standar Akuntansi Keuangan yang berlaku di Financial Accounting Standards in Indonesia. Indonesia. Perseroan menggunakan jasa akuntan publik dan The Company uses the service of public accountant kantor akuntan publik sesuai dengan peraturan and public accounting firm in accordance with the perundang-undangan yang berlaku. applicable laws and regulations. Penunjukan Akuntan Publik dan KAP ini bertujuan The appointment of these Public Accountant and untuk mendorong Perseroan dalam menyajikan public accounting firm aims to encourage the informasi dan data yang akuntabel, independen, Company to present accountable, independent, and serta wajar bagi pemegang saham, regulator, dan reasonable information and data to shareholders, seluruh pemangku kepentingan. regulators, and all stakeholders. Mekanisme Penunjukan Akuntan Publik Mechanism of Public Accountant and dan Kantor Akuntan Publik Public Accounting Firm Appointment Mengacu pada Peraturan OJK Nomor 9 Tahun 2023 Referring to OJK Regulation No. 9 of 2023 in juncto Surat Edaran OJK Nomor 18/SEOJK.03/2023 conjunction with OJK Circular No. 18/SEOJK.03/2023 tentang Penggunaan Jasa Akuntan Publik dan Kantor on the Use of Public Accountant Services and Public Akuntan Publik dalam Kegiatan Jasa Keuangan, Accounting Firms in Financial Services Activities, penunjukan akuntan publik dan kantor akuntan the appointment of public accountant and public publik dilakukan melalui RUPS Tahunan dengan accounting firm is made through the Annual GMS, mempertimbangkan evaluasi dan rekomendasi by taking the evaluation and recommendations 120 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
yang disampaikan oleh Komite Audit kepada submitted by the Audit Committee to the Board
Dewan Komisaris. Perseroan juga berkewajiban of Commissioners. The Company is also required
menyampaikan laporan mengenai penunjukkan to submit report on the appointment of public
akuntan publik dan/atau kantor akuntan publik accountantsand/or public accounting firm to OJK.
kepada OJK.
Akuntan Publik dan Kantor Akuntan Public Accountant and Public
Publik 2025 Accounting Firm in 2025
Berdasarkan keputusan RUPS Tahunan yang diadakan Based on the Annual GMS resolutions held on 21 May
pada 21 Mei 2025, Perseroan telah menunjuk Kantor 2025, the Company appointed Public Accounting
Akuntan Publik Rintis, Jumadi, Rianto & Rekan (firma Firm Rintis, Jumadi, Rianto & Rekan (member firm
anggota jaringan global PwC) untuk mengaudit of PwC global network) to audit the Company’s
laporan keuangan konsolidasian Perseroan tahun consolidated financial statements for the 2025
buku 2025 sesuai rekomendasi dari Dewan Komisaris financial year as per the recommendation from the
dan Komite Audit. Pihak manajemen menjamin Board of Commissioners and Audit Committee. The
kantor akuntan publik yang ditunjuk tidak memiliki management guaranteed that the appointed public
benturan kepentingan dengan Perseroan. accounting firm did not have a conflict of interest
with the Company.
Nama Kantor Akuntan Publik Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan (firma anggota jaringan global PwC)
Name of Public Accounting Firm Public Accounting Firm Rintis, Jumadi, Rianto & Rekan (member firm of PwC global network)
Periode Penugasan 2025
Assignment Period
Nama Akuntan Lukmanul Arsyad, S.E.
Accountant’s Name
Periode Penugasan Ketiga
Assignment Period Third
Alamat Kantor Akuntan Publik WTC 3, Jl. Jenderal Sudirman, Kav. 29–31, Jakarta 12920, Indonesia
Address of Public Accounting Firm
Jasa yang Diberikan Audit umum laporan keuangan Perseroan tahun buku 2025
Services Provided General audit of the Company’s financial statements for the 2025 financial year
Biaya Rp6.575.000.000
Fee
Kantor Akuntan Publik, Nama Akuntan Public Accounting Firm, Accountant’s
dan Biaya Audit Lima Tahun Terakhir Name, and Fee for the Last Five Years
Berdasarkan Peraturan OJK Nomor 9 Tahun 2023 Based on OJK Regulation No. 9 of 2023 in conjunction
juncto Surat Edaran OJK Nomor 18/SEOJK.03/2023, with OJK Circular No. 18/SEOJK.03/2023, the services
pemberian jasa audit atas laporan keuangan dari provided by the same public accountant to audit
suatu entitas dilakukan oleh akuntan publik yang the financial statements of an entity are rendered
sama untuk tujuh tahun kumulatif. Atas dasar not later than the audit period for seven cumulative
tersebut, Perseroan mengungkapkan daftar kantor years. On that basis, the Company discloses a list
akuntan publik, akuntan publik, jasa yang diberikan, of public accounting firms, public accountants,
dan biaya yang diberikan untuk mengaudit Laporan services provided, and fees paid in regard to auditing
Keuangan Konsolidasian Perseroan selama lima the Company’s Consolidated Financial Statements
tahun terakhir dalam tabel berikut: for the last five years in the following table:
Laporan Tahunan 2025 Annual Report 121
Page 122
Tahun Buku
Nama Kantor Akuntan Publik Nama Akuntan Opini Biaya
Financial
Name of Public Accounting Firm Accountant’s Name Opinion Fee
year
2025 KAP Rintis, Jumadi, Rianto & Rekan (firma anggota Lukmanul Arsyad, S.E. Wajar Tanpa Rp6.575.000.000
jaringan global PwC) Modifikasian
KAP Rintis, Jumadi, Rianto & Rekan (member firm of Unmodified
PwC global network)
2024 KAP Rintis, Jumadi, Rianto & Rekan (firma anggota Lukmanul Arsyad, S.E. Wajar Tanpa Rp6.205.000.000
jaringan global PwC) Modifikasian
KAP Rintis, Jumadi, Rianto & Rekan (member firm of Unmodified
PwC global network)
2023 KAP Tanudiredja, Wibisana, Rintis & Rekan (firma Lukmanul Arsyad, S.E. Wajar Tanpa Rp6.980.000.000
anggota jaringan global PwC) Modifikasian
KAP Tanudiredja, Wibisana, Rintis & Rekan (member Unmodified
firm of PwC global network)
2022 KAP Tanudiredja, Wibisana, Rintis & Rekan (firma Eddy Rintis, S.E., CPA Wajar Tanpa Rp5.030.000.000
anggota jaringan global PwC) Modifikasian
KAP Tanudiredja, Wibisana, Rintis & Rekan (member Unmodified
firm of PwC global network)
2021 KAP Tanudiredja, Wibisana, Rintis & Rekan (firma Eddy Rintis, S.E., CPA Wajar Tanpa Rp5.030.000.000
anggota jaringan global PwC) Modifikasian
KAP Tanudiredja, Wibisana, Rintis & Rekan (member Unmodified
firm of PwC global network)
Kepatuhan terhadap Standar Akuntansi Compliance with Indonesian Financial
Keuangan Indonesia Accounting Standards
Perseroan memastikan laporan keuangan disusun The Company ensures that the financial statements
dengan berpedoman pada peraturan yang berlaku di are prepared in accordance with applicable
Indonesia, yaitu: regulations in Indonesia, namely:
1. Standar Akuntansi Keuangan (SAK) yang di 1. Financial Accounting Standards (SAK) stipulated
tetapkan oleh Ikatan Akuntan Indonesia (IAI); dan by the Institute of Indonesia Chartered
2. Surat Keputusan Ketua Badan Pengawas Pasar Accountants (IAI); and
Modal Lembaga Keuangan (Bapepam-LK) Nomor 2. Decision Letter of the Chairperson of Capital
KEP-347/BL/2012 tentang Pedoman Penyajian Market and Financial Institution Supervisory
dan Pengungkapan Laporan Keuangan Emiten Agency (Bapepam-LK) No. KEP-347/BL/2012 on
atau Perusahaan Publik. Guidelines for the Presentation and Disclosure
of Financial Statements of Issuers or Public
Companies.
Jasa Lainnya Other Services
Pada 2025 dan 2024, terdapat jasa non-audit yang In 2025 and 2024, there were non-audit services
diberikan dengan biaya masing-masing sebesar provided with fees of Rp100,000,000, respectively.
Rp100.000.000.
122 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
Lembaga dan/atau Profesi Penunjang
Supporting Institutions and/or Professions
Otoritas Jasa Keuangan
Financial Services Authority
Nama Lembaga/Profesi Otoritas Jasa Keuangan
Name of Institution/ Financial Services Authority
Profession
Gedung Soemitro Djojohadikusumo
Alamat Soemitro Djojohadikusumo Building
Address Jl. Lapangan Banteng Timur 2–4 Jakarta 10710
+62 21-29600-000
Jasa yang Diberikan Pengawasan terhadap keseluruhan kegiatan di dalam sektor jasa keuangan
Services Provided Supervision of all activities in the financial services sector
Periode Penugasan 2025
Assignment Period
Biaya Rp150.000.000/tahun
Fee Rp150,000,000/year
Bursa Saham
Stock Exchange
Nama Lembaga/Profesi Bursa Efek Indonesia
Name of Institution/ Indonesia Stock Exchange
Profession
Gedung Bursa Efek Indonesia, Menara 1
Alamat Indonesia Stock Exchange Building, Tower 1
Address Jl. Jenderal Sudirman Kav. 52–53, Jakarta, 12190
+62 800-100-9000
callcenter@idx.co.id
Jasa yang Diberikan Perdagangan dan pencatatan saham
Services Provided Share trading and listing
Periode Penugasan 2025
Assignment Period
Biaya Rp275.000.000/tahun
Fee Rp275,000,000/year
Kustodian
Custodian
Nama Lembaga/Profesi Kustodian Sentral Efek Indonesia
Name of Institution/ Indonesia Central Securities Depository
Profession
Gedung Bursa Efek Indonesia, Menara 1 Lantai 5
Indonesia Stock Exchange Building, Tower 1, 5th Floor
Alamat
Jl. Jenderal Sudirman Kav. 52–53, Jakarta, 12190
Address
+62 21-5152855/+62 21-52991199
helpdesk@ksei.co.id
Periode Penugasan 2025
Assignment Period
Jasa yang Diberikan Penyimpanan saham
Services Provided Stock Custody
Biaya Rp11.100.000/tahun
Fee Rp11,100,000/year
Jasa yang Diberikan Jasa Penyelenggaraan RUPS Tahunan dan RUPSLB
Services Provided Annual GMS and Extraordinary GMS Organizing Services
Biaya Rp36.630.000
Fee Rp36,630,000
Laporan Tahunan 2025 Annual Report 123
Page 124
Biro Administrasi Efek
Share Registrar Bureau
Nama Lembaga/Profesi PT Raya Saham Registra
Name of Institution/
Profession
Gedung Plaza Central, Lantai 2
Alamat Plaza Central Building, 2nd Floor
Address Jl. Jenderal Sudirman Kav. 47–48, Jakarta, 12930
+62 21-2525666/+62 21-2525028
rsrbae@registra.co.id
Jasa yang Diberikan Jasa pencatatan dan pemindahan kepemilikan saham
Services Provided Listing and transfer of share ownership
Periode Penugasan 2025
Assignment Period
Biaya Rp47.175.000/tahun
Fee Rp47,175,000/year
Informasi Pada Situs Web
Perusahaan
Information on the Company’s Website
Sebagai Perseroan yang berstatus terbuka, As a publicly listed company, Indocement
Indocement senantiasa berkomitmen menjunjung remains committed to upholding transparency
tinggi transparansi dan akuntabilitas informasi and accountability in providing information to all
kepada seluruh pemangku kepentingan. Komitmen stakeholders. This commitment is demonstrated
ini diwujudkan, antara lain, melalui penyediaan through the provision of a variety of information on
beragam informasi di situs web resmi Perseroan: the Company’s official website: www.indocement.
www.indocement.co.id. co.id.
Semua informasi yang disajikan diperbaharui secara All information presented is updated regularly to
berkala untuk memberikan informasi yang aktual provide actual and up-to-date information for all
dan terkini bagi segenap pemangku kepentingan stakeholders and the general public.
maupun masyarakat umum.
Situs resmi Perseroan menyajikan informasi sesuai The Company’s official website presents information
ketentuan perundangan yang berlaku. in accordance with applicable laws and regulations.
Perseroan melakukan pengkinian secara berkala, The Company updates the website regularly,
di dalamnya telah termuat berbagai informasi baik consisting of various information, both general and
yang bersifat umum maupun yang lebih spesifik dan more specific one, and it always updates the news
senantiasa mengkinikan berita dan informasi yang and information presented, including:
disajikan, antara lain: 1. Information related to the Company
1. Informasi terkait Perseroan Company history, company profile, management
Sejarah perusahaan, profil perusahaan, profil profile, share ownership structure, organizational
manajemen, struktur kepemilikan saham, structure, subsidiaries, associated entities,
struktur organisasi, entitas anak, entitas asosiasi, corporate group structure, company milestone,
struktur grup perusahaan, sejarah perusahaan, corporate culture, vision and mission, awards,
budaya perusahaan, visi dan misi, penghargaan, certifications, careers, and the latest information
sertifikasi, karier, serta informasi terkini mengenai about the Company.
Perseroan.
124 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
2. Informasi terkait Hubungan Investor 2. Information related to Investor Relations
Prospektus saham, informasi saham, laporan Sharing prospectus, share information,
keuangan berkala, laporan tahunan, laporan periodic financial statements, annual reports,
keberlanjutan, profil pejabat hubungan investor, sustainability reports, investor relations officer
dan presentasi hubungan investor. profiles, and presentation on investor relations.
3. Informasi terkait Tata Kelola Perusahaan 3. Information related to Corporate Governance
Menampilkan berbagai kebijakan serta Displaying various policies and statements of
pernyataan komitmen dari Perseroan untuk the Company’s commitment to always upholding
selalu menjunjung tinggi kerahasiaan dan etika confidentiality and business ethics.
bisnis yang diemban. 4. Information related to CSR Programs
4. Informasi terkait Program CSR Information about the Company’s commitment,
Informasi tentang komitmen Perseroan, landasan, foundation, philosophy, CSR organizational
filosofi, struktur organisasi CSR hingga strategi structure, and compiled program implementation
pelaksanaan program yang sudah disusun. strategy.
Laporan Tahunan 2025 Annual Report 125
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Indocement menyelenggarakan kegiatan Beauty Makeup Class untuk
karyawan perempuan dalam rangka International Women’s Day 2025.
Indocement organized a Beauty Makeup Class for female employees as part of International Women’s Day 2025.
Sumber Daya Manusia
Human Capital
Indocement terus memperkuat peran sumber Indocement continues to strengthen the role of
daya manusia/human capital (HC) sebagai fondasi human capital as the main foundation for achieving
utama dalam mewujudkan kinerja operasional yang excellent and sustainable operational performance.
unggul dan berkelanjutan. Melalui strategi HC yang Through an integrated human capital strategy,
terintegrasi, Perseroan fokus pada pengembangan the Company focuses on developing competency,
kompetensi, penerapan budaya kerja kolaboratif, serta implementing a collaborative work culture, and
akselerasi transformasi digital untuk mendukung accelerating digital transformation to support the
visi jangka panjang Perseroan. Indocement meyakini Company’s long-term vision. Indocement believes
bahwa pengelolaan talenta yang efektif, disertai that an effective talent management, accompanied
lingkungan kerja yang aman, inklusif, dan adaptif by a safe, inclusive, and adaptable work environment,
terhadap perubahan, akan menjadi kunci dalam will be the key to maintaining competitiveness and
mempertahankan daya saing serta menciptakan nilai creating added value for all stakeholders.
tambah bagi seluruh pemangku kepentingan.
Strategi Pengelolaan HC pada 2025 HC Management Strategy in 2025
Pada 2025, Indocement menegaskan komitmennya In 2025, Indocement affirmed its commitment
dalam memperkuat strategi pengelolaan human to strengthening its human capital management
capital sebagai bagian dari transformasi menuju strategy as part of the transformation towards
organisasi yang tangguh, adaptif, dan berdaya saing a resilient, adaptive, and highly competitive
tinggi. Perseroan menyadari bahwa kualitas human organization. The Company realizes that the quality
capital merupakan kunci utama keberhasilan bisnis of human capital is the key to business success
di tengah dinamika industri dan perkembangan amid industry dynamics and rapid technology
teknologi yang pesat. Oleh karena itu, berbagai developments. Therefore, various initiatives are
inisiatif dikembangkan untuk memastikan setiap developed to ensure that each employee has the
karyawan memiliki kompetensi, motivasi, dan nilai competencies, motivation, and work culture values
budaya kerja yang selaras dengan visi dan strategi in line with the Company’s long-term vision and
jangka panjang perusahaan. strategy.
126 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
Fokus utama Indocement terletak pada peningkatan Indocement’s main focus lies in improving employee
keterampilan dan kompetensi karyawan melalui skills and competencies through various training
berbagai program pelatihan dan sertifikasi yang and certification programs that are designed
dirancang secara komprehensif. Melalui penerapan comprehensively. Through the implementation of
program multi-skill, people strategy, serta right people multi-skill programs, people strategy, and the right
and right skill framework, Indocement berupaya people and right skills framework, Indocement
memastikan setiap individu menempati posisi strives to ensure that all individuals occupy position
sesuai dengan keahliannya dan memiliki ruang untuk in accordance with their expertise and have room for
terus berkembang. Selain itu, pelatih dan fasilitator continued development. In addition, internal trainers
internal turut dilibatkan dalam penyelenggaraan and facilitators are involved in organizing certification
sertifikasi dan training berbasis kebutuhan unit kerja and training programs based on work unit needs,
agar pengembangan kompetensi berlangsung efektif ensuring effective and comprehensive competency
dan menyeluruh di seluruh level organisasi. development across all levels of the organization.
Untuk mendukung efektivitas pengelolaan human To support an effective human capital management
capital dan peningkatan efisiensi proses administrasi, and increase the efficiency of administrative
Indocement melakukan peningkatan fungsi pada processes, Indocement enhances the functionality
aplikasi Workday. Pembaruan ini memungkinkan of its Workday application. This update enables more
pengelolaan data karyawan, penilaian kinerja, dan integrated and digital employee data management,
proses pengembangan karier dilakukan secara lebih performance assessments, and career development
terintegrasi dan berbasis digital. Melalui sistem processes. Through this system, the process of
ini, proses pengambilan keputusan terkait human decision-making becomes faster, more accurate,
capital menjadi lebih cepat, akurat, dan transparan, and more transparent, while strengthening data-
sekaligus memperkuat tata kelola HC berbasis data driven HR management.
(data-driven HR management).
Menjawab tantangan era digital, Indocement Addressing the challenges of the digital era,
juga mengembangkan modul pembelajaran Indocement also develops digital learning modules
berbasis digital dan kecerdasan buatan (artificial and artificial intelligence (AI). This initiative aims to
intelligence/AI). Inisiatif ini bertujuan memperluas expand digital literacy among employees, encourage
literasi digital di kalangan karyawan, mendorong innovation, and enhance their ability to adapt to
inovasi, dan meningkatkan kapabilitas adaptasi new technologies. This digital module is not only
terhadap teknologi baru. Modul digital ini tidak provided as an educational tool, but also as an
hanya disediakan sebagai sarana edukasi, tetapi interactive medium to strengthen analytical skills
juga sebagai media interaktif untuk memperkuat and work productivity in an increasingly digitalized
kemampuan analisis dan produktivitas kerja dalam environment.
lingkungan yang semakin terdigitalisasi.
Pemanfaatan digitalisasi dan AI juga menjadi The utilization of digitalization and AI also becomes a
katalis penting dalam transformasi manajemen crucial catalyst in the transformation of Occupational
Keselamatan dan Kesehatan Kerja (K3) menuju Health and Safety (OHS) management towards a
sistem yang lebih proaktif, efisien, dan adaptif. more proactive, efficient, and adaptive system.
Melalui penerapan platform digital terintegrasi, Through the implementation of an integrated digital
seluruh aktivitas K3 dapat dipantau dan dianalisis platform, all OHS activities can be monitored and
secara real time, mulai dari pelaporan insiden, analyzed in real time, from incident reporting and
inspeksi lapangan, hingga pemantauan perilaku field inspections to monitoring work behavior. AI
kerja. Teknologi AI dimanfaatkan untuk menganalisis technology is utilized to analyze operational data
data operasional dan mendeteksi pola risiko yang and detect risk patterns that could potentially lead
berpotensi menimbulkan kecelakaan kerja, serta to occupational accident, as well as provide more
memberikan rekomendasi preventif yang lebih accurate preventative recommendations. This digital
akurat. Inovasi digital ini memperkuat komitmen innovation reinforces Indocement’s commitment
Indocement dalam menciptakan budaya K3 yang to creating a sustainable, data-driven OHS culture
berkelanjutan, berbasis data, dan berorientasi that focuses on the safety of all employees and the
pada keselamatan seluruh pekerja serta efisiensi Company’s operational efficiency.
operasional perusahaan.
Laporan Tahunan 2025 Annual Report 127
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Selain itu, dalam rangka harmonisasi organisasi, Furthermore, to harmonize the organization, Indocement juga melaksanakan program penyesuaian Indocement also implements a work culture budaya kerja (culture alignment) pasca sinergi dengan alignment program following the synergy with Semen Grobogan. Program ini dirancang untuk Semen Grobogan. This program is designed to menyatukan nilai-nilai perusahaan, memperkuat unify corporate values, strengthen collaborative semangat kolaboratif, serta memastikan seluruh spirit, and ensure all employees share a shared karyawan memiliki pemahaman yang sama terhadap understanding of the new work culture. Through budaya kerja yang baru. Melalui sesi komunikasi internal communication sessions and engagement internal dan kegiatan engagement, Indocement activities, Indocement promotes the creation of mendorong terciptanya lingkungan kerja inklusif an inclusive work environment that supports the yang mendukung keberlanjutan organisasi jangka organization’s long-term sustainability. panjang. Keseriusan Indocement dalam membangun strategi Indocement’s seriousness in developing a progressive HC yang progresif dan berkelanjutan mendapatkan and sustainable HC strategy received external pengakuan eksternal melalui penghargaan dari SWA recognition through the 2025 SWA CHRO Asia Award. CHRO Asia Award tahun 2025. Penghargaan tersebut This award demonstrates the Company’s success menjadi bukti nyata atas keberhasilan perusahaan in managing talent, advancing HC innovation, and dalam mengelola talenta, memajukan inovasi HC, creating a work environment that is oriented toward serta menciptakan lingkungan kerja yang berorientasi employee performance and well-being. Going pada kinerja dan kesejahteraan karyawan. Ke depan, forward, Indocement will continue to strengthen the Indocement akan terus memperkuat transformasi transformation of its HC management by focusing pengelolaan HC dengan fokus pada digitalisasi, on digitalization, competency development, and pengembangan kompetensi, serta penumbuhan fostering excellent work culture across all levels of budaya kerja yang unggul di seluruh lini organisasi. the organization. Strategi pengelolaan HC Indocement tahun 2025 Indocement’s strategy for HC management in 2025 tidak hanya mendukung efisiensi operasional saat not only supported current operational efficiency ini, tetapi juga menjadi pilar utama pencapaian but also served as a key pillar in achieving the target keberlanjutan perusahaan jangka panjang. Company’s long-term sustainability targets. Digital Pengembangan kompetensi digital, transformasi competency development, organizational culture budaya organisasi, dan penguatan tata kelola HC transformation, and reinforcement in technology- berbasis teknologi berkontribusi langsung terhadap based HC governance directly contribute to achieving pencapaian Sustainability Development Goals (SDGs) the Sustainability Development Goals (SDGs) related terkait pendidikan berkualitas, pekerjaan layak, to quality education, decent work, and industrial serta inovasi industri. Dengan talenta yang siap innovation. With future-ready talents, Indocement menghadapi masa depan, Indocement memastikan ensures a tangible contribution to the circular kontribusi nyata terhadap ekonomi sirkular, efisiensi economy, energy efficiency, and carbon emission energi, dan pengurangan emisi karbon melalui proses reduction through smarter and more sustainable produksi yang lebih cerdas dan berkelanjutan. production processes. Komitmen Penerapan Hak Asasi Commitment to Implementing Human Manusia Rights Perseroan menegaskan komitmen kuat terhadap The Company affirms its strong commitment to Hak Asasi Manusia (HAM) sepanjang 2025 melalui Human Rights throughout 2025 by integrating integrasi prinsip-prinsip HAM ke dalam strategi human rights principles into its sustainable business bisnis berkelanjutan, selaras dengan UN Guiding strategy, in line with the UN Guiding Principles on Principles on Business and Human Rights serta Business and Human Rights and national regulations regulasi nasional seperti UU No. 39/1999. Komitmen such as Law No. 39/1999. This commitment is ini diwujudkan melalui pembentukan Komite HAM realized through the establishment of Human Rights di bawah Direksi yang bertanggung jawab atas Committee under the Board of Directors, which pengawasan due diligence HAM di lingkungan is responsible for overseeing human rights due pabrik. Namun demikian, Indocement tidak hanya diligence within plants. Nevertheless, Indocement memprioritaskan hak buruh dan keselamatan kerja, prioritizes not only labor rights and occupational 128 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
tapi juga perlindungan bagi masyarakat, sesuai safety but also community protection, in line with
komitmen untuk menjadikan HAM sebagai pilar the commitment to making human rights a key pillar
utama dalam pencapaian target LST Perusahaan. in achieving the Company’s ESG targets.
Perseroan juga menerapkan risk assessment HAM The Company also implements human rights risk
secara berkala melalui pendekatan berbasis data, assessments periodically through a data-driven
melibatkan pemetaan risiko potensial seperti approach, involving mapping potential risks such
eksploitasi buruh, dampak lingkungan terhadap hak as labor exploitation, environmental impacts on
kesehatan masyarakat, dan diskriminasi di tempat public health rights, and workplace discrimination.
kerja. Proses ini mencakup audit internal, analisis This process includes internal audit, historical
insiden historis, serta konsultasi dengan pemangku incident analysis, and consultation with external
kepentingan eksternal untuk mengidentifikasi, stakeholders to identify, assess, and prioritize risk
menilai, dan memprioritaskan mitigasi risiko. Hasil mitigation. The results of these assessments form
assessment ini menjadi dasar penyusunan rencana the basis for developing preventative action plans,
aksi preventif, memastikan operasional perusahaan ensuring the Company’s operations remain safe and
tetap aman dan etis tanpa mengorbankan hak asasi ethical without compromising human rights.
manusia.
Sosialisasi dan kewajiban compliance HAM dijalankan Human rights dissemination and compliance
melalui program intensif seperti pelatihan wajib bagi obligations are implemented through intensive
karyawan dan kontraktor, workshop komunitas, serta programs such as mandatory training for employees
kampanye digital internal, mencapai partisipasi lebih and contractors, community workshops, and
dari 90% tenaga kerja. Compliance ditegakkan dengan internal digital campaigns, achieving participation by
mekanisme pengaduan whistleblower independen, over 90% of the workforce. Compliance is enforced
monitoring tahunan oleh Komite HAM, dan audit through the independent whistleblower complaint
eksternal sesuai standar ISO 45001 serta OHSAS. mechanism, annual monitoring by the Human Rights
Pendekatan ini memperkuat budaya kepatuhan, Committee, and external audit in accordance with
meminimalkan risiko hukum dan reputasi, dan ISO 45001 and OHSAS standards. This approach
mendukung laporan keberlanjutan Indocement yang strengthened the culture of compliance, minimized
transparan di tahun 2025. legal and reputational risks, and supported
Indocement’s transparent sustainability reporting in
2025.
Selain itu, Perseroan juga secara konsisten In addition, the Company consistently implements
menerapkan program keberagaman dan inklusi diversity and inclusion programs as an integral part
sebagai bagian integral dari strategi sumber daya of its human capital strategy and corporate social
manusia dan tanggung jawab sosial perusahaan. responsibility. These initiatives include inclusive
Inisiatif ini mencakup pengelolaan talenta yang talent management, women empowerment, and
inklusif, pemberdayaan perempuan, serta penciptaan the creation of a work environment that supports
lingkungan kerja yang mendukung kesetaraan dan equality and employee engagement from diverse
keterlibatan karyawan dari berbagai latar belakang, backgrounds, as recognized by the 2025 Indonesia
sebagaimana diakui melalui penghargaan Indonesia Best Employer Brand Awards for Best HR practices.
Best Employer Brand Awards 2025 atas praktik HR
terbaik.
Dengan komitmen terhadap HAM yang tinggi, With a strong commitment to human rights,
sepanjang 2025 tidak terdapat laporan terkait throughout 2025 there were no reports of human
pelanggaran HAM di lingkungan Perseroan, baik yang rights violations within the Company, either reported
dilaporkan secara langsung maupun melalui channel directly or through the SpeakUp channel.
SpeakUp.
Program Diversity & Inclusion Diversity & Inclusion Program
Program Diversity & Inclusion (D&I) yang dijalankan Indocement's Diversity & Inclusion (D&I) program
Indocement pada tahun 2025 merupakan bagian held in 2025 was part of Heidelberg Materials'
dari inisiatif regional Heidelberg Materials di Asia regional initiative in Asia to build an inclusive,
Laporan Tahunan 2025 Annual Report 129
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untuk membangun lingkungan kerja yang inklusif, collaborative, and diverse work environment. This kolaboratif, dan menghargai keberagaman. Program program involved employees from various countries ini melibatkan karyawan dari berbagai negara di Asia in Asia and focused on strengthening a work culture dan berfokus pada penguatan budaya kerja yang that values the diverse backgrounds, perspectives, menghargai perbedaan latar belakang, perspektif, and experiences of each individual. Through various serta pengalaman setiap individu. Melalui berbagai cross-border collaborative activities and projects, kegiatan dan proyek kolaboratif lintas negara, this initiative aimed to foster a more open, safe inisiatif ini bertujuan mendorong terciptanya tempat workplace and empower all employees to contribute kerja yang lebih terbuka, aman, dan memberdayakan optimally. seluruh karyawan untuk berkontribusi secara optimal. Sepanjang tahun 2025, tim Indonesia berperan Throughout 2025, the Indonesia team actively aktif dalam berbagai proyek utama yang terbagi participated in several key projects, divided into four dalam empat pilar, yaitu Inclusive Policies and pillars: Inclusive Policies and Practices, Psychological Practices, Psychological Safety, Emotional & Cultural Safety, Emotional & Cultural Intelligence, and Intelligence, serta Inclusive Leadership. Berbagai Inclusive Leadership. Various activities were kegiatan dilakukan untuk meningkatkan kesadaran carried out to increase employee awareness and dan pemahaman karyawan terhadap pentingnya understanding of the importance of diversity, keberagaman, antara lain penyusunan kebijakan anti- including the preparation of anti-discrimination and diskriminasi dan anti-pelecehan, pelatihan mengenai anti-harassment policies, training on unconscious unconscious bias, diskusi mengenai keamanan bias, discussions on psychological safety in the psikologis di tempat kerja, hingga pengembangan workplace, and development of learning materials materi pembelajaran tentang kecerdasan emosional on emotional intelligence and cross-border cultures. dan budaya lintas negara. Selain itu, dilakukan pula In addition, surveys and campaigns on inclusive survei dan kampanye mengenai kepemimpinan leadership were conducted to encourage leaders to inklusif guna mendorong para pemimpin untuk build a more open and participatory work culture. membangun budaya kerja yang lebih terbuka dan partisipatif. Melalui pelaksanaan berbagai inisiatif tersebut, Through implementing these initiatives, the D&I program D&I tidak hanya meningkatkan pemahaman program not only increases employee understanding karyawan mengenai keberagaman, tetapi juga of diversity but also strengthens cross-cultural memperkuat kolaborasi lintas budaya di lingkungan collaboration within the Company. This program perusahaan. Program ini turut membuka ruang helps open up broader dialogue, builds mutual dialog yang lebih luas, membangun rasa saling respect, and encourages a safe and supportive menghargai, serta mendorong terciptanya lingkungan work environment for all employees. Going forward, kerja yang aman dan suportif bagi seluruh karyawan. Indocement is committed to consistently developing Ke depan, Indocement berkomitmen untuk terus the Diversity & Inclusion program as a vital part mengembangkan program Diversity & Inclusion of strengthening a sustainable corporate culture sebagai bagian penting dari penguatan budaya aligned with Heidelberg Materials' global values. perusahaan yang berkelanjutan dan selaras dengan nilai-nilai global Heidelberg Materials. Kontribusi Untuk Pengembangan Contribution to the Development of Generasi Mendatang Future Generations Indocement menunjukkan komitmen aktif dalam Indocement demonstrates its active commitment pengembangan masyarakat melalui partisipasi to community development through its participation dalam Program Pemagangan Nasional Perguruan in the government-initiated National University Tinggi yang digagas pemerintah, menyediakan Internship Program, which provides opportunities kesempatan bagi mahasiswa dari berbagai for students from various universities to gain real- universitas untuk mendapatkan pengalaman kerja world work experience in cement industry. This nyata di lingkungan industri semen. Program ini program allows interns to be directly involved in memungkinkan para peserta magang terlibat factory operations, supply chain management, 130 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
langsung dalam operasional pabrik, manajemen and sustainability initiatives, with guidance from
rantai pasok, dan inisiatif keberlanjutan, dengan experienced Indocement mentors, thus enriching
bimbingan dari mentor berpengalaman Indocement, their technical and soft skills according to the
sehingga memperkaya keterampilan teknis dan soft needs of Industry 4.0. Through this involvement,
skills mereka sesuai kebutuhan industri 4.0. Melalui Indocement not only supports the government’s
keterlibatan ini, Indocement tidak hanya mendukung agenda to reduce the gap between higher education
agenda pemerintah dalam mengurangi kesenjangan and the workforce but also contributes to the
antara pendidikan tinggi dan dunia kerja, tetapi juga creation of competitive young talent to support the
berkontribusi pada penciptaan talenta muda yang national economic growth.
kompetitif untuk mendukung pertumbuhan ekonomi
nasional.
Selain itu, Indocement mengembangkan program Furthermore, Indocement develops a Vocational High
Pengembangan SMK Vokasi di Bogor, Jawa Barat School Development program in Bogor, West Java,
dan Tarjun, Kalimantan Selatan, dengan fokus and Tarjun, South Kalimantan, focusing on improving
pada peningkatan kualitas pendidikan vokasi di the quality of vocational education at local vocational
sekolah menengah kejuruan setempat melalui high schools through teacher training, provision of
pelatihan guru, penyediaan peralatan modern, modern equipment, and cement industry-based
dan kurikulum berbasis industri semen. Inisiatif curriculum. This initiative includes workshops and
ini mencakup lokakarya dan praktik langsung di hands-on practice at Indocement facilities, student
fasilitas Indocement, magang siswa, serta sertifikasi internships, and nationally recognized competency
kompetensi yang diakui nasional, sehingga lulusan certification, ensuring that vocational high school
SMK siap kerja di sektor manufaktur dan konstruksi. graduates are ready to work in the manufacturing
Program ini memperkuat hubungan harmonis and construction sectors. This program strengthens
Perusahaan dengan komunitas sekitar pabrik, the Company’s harmonious relationship with the
sekaligus mewujudkan tanggung jawab sosial communities surrounding its factories and embodies
berkelanjutan Indocement dalam membangun Indocement’s sustainable social responsibility in
sumber daya manusia unggul di daerah operasional. developing excellent human capital in its operational
areas.
Indocement juga berpartisipasi dalam Program Indocement also participates in the Domestic
Pemagangan Dalam Negeri bagi Lulusan Internship Program for University Graduates,
Perguruan Tinggi yang digagas oleh Kementerian initiated by the Ministry of Manpower (Kemenaker)
Ketenagakerjaan (Kemenaker) Republik Indonesia. of the Republic of Indonesia. This program aims to
Program ini bertujuan untuk memberikan pengalaman provide work experience to recent graduates and
kerja kepada lulusan baru dan mengurangi angka reduce unemployment in Indonesia.
pengangguran di Indonesia.
Kebijakan dan Pelaksanaan Manajemen HC Management Policies and
HC Implementation
Indocement telah menerapkan sistem pengelolaan Indocement has implemented an integrated and
HC yang terintegrasi dan berkesinambungan. Sistem sustainable HC management system. This system
ini berjalan dengan efektif dan konsisten, serta operates effectively and consistently and is proven
terbukti berkontribusi signifikan dalam mendukung to contribute significantly to supporting the
pencapaian target dan tujuan bisnis Perseroan. achievement of the Company’s business targets and
objectives.
Rekrutmen Recruitment
Rekrutmen tetap menjadi salah satu aspek krusial Recruitment remains a crucial aspect of HC
dalam pengelolaan HC di Indocement. Melalui proses management at Indocement. Through this process,
ini, Perseroan berkomitmen untuk memperoleh the Company is committed to recruiting employees
karyawan yang tidak hanya memiliki kompetensi who not only has competencies that match
Laporan Tahunan 2025 Annual Report 131
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yang sesuai dengan kebutuhan organisasi, tetapi the organization’s needs but also demonstrates juga menunjukkan karakter dan sikap yang selaras character and attitudes that are in line with the dengan nilai serta budaya Perseroan. Company’s values and culture. Kebijakan rekrutmen Indocement dalam beberapa The recruitment policy at Indocement over the past tahun terakhir berfokus pada efisiensi dan few years has focused on efficiency and selectivity. selektivitas. Perseroan tidak lagi melaksanakan The Company no longer carries out mass recruitment program rekrutmen massal, melainkan menyesuaikan programs but instead adapts its recruitment process proses perekrutan berdasarkan kebutuhan aktual, based on actual needs, particularly for new or vacant terutama untuk posisi baru atau posisi yang kosong. positions. Sepanjang tahun 2025, Indocement melanjutkan Throughout 2025, Indocement continued its internal program rekrutmen internal dengan memberikan recruitment program, providing opportunities kesempatan bagi karyawan untuk mengembangkan for employees to develop their careers through karier melalui seleksi jabatan yang tersedia. Jika a selection process for available positions. If no dari proses tersebut tidak ditemukan kandidat yang suitable candidates are identified through the sesuai, maka perekrutan dibuka untuk kandidat process, recruitment is then opened to external eksternal yang memiliki potensi dan kesesuaian candidates with high potential and suitability. tinggi. Selama 2025, Perseroan merekrut tujuh karyawan During 2025, the Company selectively recruited baru secara selektif dengan menerapkan prinsip seven new employees by applying the principle of job-person-organization fit guna memastikan job-person-organization fit to ensure appropriate penempatan yang tepat sesuai potensi dan placements based on individual potential and kompetensi individu. Pada tahun ini, mayoritas competencies. This year, the majority of recruitment rekrutmen difokuskan pada kategori professional focused on professional hiring to meet the need for hiring untuk memenuhi kebutuhan tenaga kerja experienced workers across various work units. berpengalaman di berbagai unit kerja. Manajemen Karier Career Management Perseroan senantiasa memberikan kesempatan The Company consistently provides equal yang sama kepada seluruh karyawan untuk opportunities for all employees to develop their mengembangkan karier dan menempati jabatan yang career and occupy positions that match their sesuai dengan minat, kompetensi, dan kapasitasnya. interests, competencies, and capacities. Indocement Indocement telah menerapkan sistem manajemen has implemented a structured career management karier yang terstruktur di setiap fungsi, sehingga system across every function, encouraging employees karyawan terdorong untuk terus meningkatkan to continuously improve their performance and kinerja dan kompetensinya guna mencapai jenjang competencies to reach higher levels. yang lebih tinggi. Pada tahun 2025, pengelolaan manajemen karier di In 2025, Indocement’s career management system Indocement semakin terintegrasi dan transparan became more integrated and transparent through melalui optimalisasi penggunaan aplikasi Workday. the optimized use of Workday application. Through Melalui sistem ini, Perseroan memiliki basis data this system, the Company has an accurate and up- kompetensi yang akurat dan mutakhir, sehingga to-date competency database, enabling objective proses promosi dan pengembangan karier dapat and data-driven promotion and career development dilakukan secara objektif dan berbasis data. processes. Selain itu, Perseroan terus mengembangkan berbagai Furthermore, the Company continuously develops program pengembangan untuk key talent di dalam various development programs for key talent within organisasi, sebagai bagian dari strategi suksesi the organization, as part of its succession strategy dan penguatan kapasitas kepemimpinan di masa and to strengthen leadership capacity for the depan. Upaya ini diharapkan dapat memastikan future. These efforts are expected to ensure the keberlanjutan dan ketangguhan organisasi dalam organization’s sustainability and resilience in facing menghadapi tantangan bisnis ke depan. future business challenges. 132 Laporan Tahunan 2025 Annual Report
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Pendidikan dan Pelatihan Education and Training
Program pendidikan dan pelatihan tetap menjadi pilar Education and training programs remain the key pillar
utama dalam pengelolaan HC di Indocement. Melalui of HC management at Indocement. Through various
berbagai kegiatan pengembangan kompetensi, competency development activities, the Company
Perseroan berupaya membangun HC yang unggul, strives to develop excellent, adaptive HC capable
adaptif, dan mampu mendukung implementasi of supporting the sustainable implementation of
strategi bisnis secara berkelanjutan. business strategies.
Pada tahun 2025, fokus program pendidikan dan In 2025, the education and training programs focused
pelatihan diarahkan pada pengembangan multi on developing multi-skills. This approach aims to
skill. Pendekatan ini bertujuan memastikan setiap ensure that each employee has cross-functional
karyawan memiliki kompetensi lintas fungsi dan competencies and leadership skills in line with the
kapasitas kepemimpinan yang sesuai dengan organization’s future needs.
kebutuhan organisasi di masa depan.
Kegiatan pelatihan dilaksanakan melalui kombinasi Training activities are implemented through a
in-house training, public training, serta training combination of in-house training, public training,
sertifikasi internal yang dikembangkan sesuai and internal certification training developed in
standar kompetensi Perseroan. Penggunaan metode accordance with the Company’s competency
e-learning tetap dioptimalkan untuk program standards. The use of e-learning methods remains
berskala luas, sementara pelatihan kompetensi optimized for large-scale programs, while technical
teknis dan bersertifikasi dilakukan secara luring agar competency and certification training are conducted
peserta memperoleh pengalaman praktik langsung. offline to provide participants with hands-on
practical experience.
Sepanjang 2025, Indocement menyelenggarakan 906 Throughout 2025, Indocement held 906 education
program pendidikan dan pelatihan yang diikuti oleh and training programs, attended by 30,213
30.213 peserta. Total biaya yang dikeluarkan untuk participants. The total cost incurred for education
program pendidikan dan pelatihan tahun 2025 and training programs in 2025 reached Rp5.2 billion,
mencapai Rp5,2 miliar, menunjukkan komitmen demonstrating the Company’s commitment to
Perseroan dalam pengembangan kapabilitas SDM developing the capabilities of human capital despite
meskipun dalam kondisi efisiensi biaya. cost-effective measures.
Program-program utama pada 2025 antara lain: The key programs in 2025 included:
1. Safety Program (Group Minimum Training 1. Safety Program (Group Minimum Training
Standard); Standard);
2. Multi Skilling Program; 2. Multi-Skilling Program;
3. Digital Awareness Program; 3. Digital Awareness Program;
4. Indocement Back to Campus; 4. Indocement Back to Campus;
5. REFRA Training International; 5. REFRA Training International;
6. REFRA Asia Training; 6. REFRA Asia Training;
7. Coaching Leadership Program; 7. Coaching Leadership Program;
8. Acceleration Talent Development Program; 8. Acceleration Talent Development Program;
9. Peluncuran Program Vokasi SMK Tunggal Prakarsa 9. Launch of the Vocational Program at Tunggal
Tarjun; Prakarsa Tarjun Vocational High School;
10. Program Pemagangan Kementerian 10. The Ministry of Manpower’s Internship Program.
Ketenagakerjaan.
Melalui fokus baru ini, Indocement berkomitmen Through these new focuses, Indocement is
membangun ekosistem pembelajaran yang committed to building a sustainable learning
berkelanjutan, memastikan setiap karyawan ecosystem, ensuring that every employee has the
memperoleh kesempatan untuk tumbuh dan opportunity to grow and contribute optimally to
berkontribusi optimal terhadap pencapaian visi achieving the Company’s long-term vision.
jangka panjang Perseroan.
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Penilaian Kinerja Performance Assessment Perseroan melaksanakan evaluasi kinerja karyawan The Company periodically evaluates employee secara berkala sebagai bagian integral dari sistem performance as an integral part of the structured manajemen karier yang terstruktur. Proses penilaian career management system. The assessment process dilakukan berdasarkan Key Performance Indicators is based on individual Key Performance Indicators (KPI) individu, dengan pendekatan berjenjang yang (KPIs), with a tiered approach encompassing mencakup evaluasi individu, tim, hingga unit kerja, individual, team, and work unit evaluations, sehingga menekankan pentingnya kolaborasi dan emphasizing the importance of collaboration and kontribusi kolektif. collective contribution. Pada 2025, sistem penilaian kinerja semakin In 2025, the performance assessment system transparan dan berbasis data melalui optimalisasi became more transparent and data-driven through aplikasi Workday, yang memungkinkan pelacakan the optimization of Workday application, which real-time terhadap pencapaian target dan allows real-time tracking of target and competency kompetensi. Pendekatan ini tidak hanya digunakan achievement. This approach is used not only to untuk meningkatkan produktivitas karyawan, tetapi increase employee productivity but also as the basis juga sebagai dasar pengembangan karier, termasuk for career development, including identifying high- identifikasi high-potential talent untuk suksesi potential talent for leadership succession. kepemimpinan. Perseroan memberikan apresiasi berupa insentif, The Company provides appreciation in the form of tunjangan kinerja, serta promosi jabatan bagi incentives, performance allowances, and promotions karyawan berprestasi tinggi. Bagi yang memerlukan for high-performing employees. For those who need peningkatan, Perseroan menyediakan program improvement, the Company provides coaching, coaching, counseling, dan pelatihan remedial counseling, and remedial training programs through melalui platform digital, memastikan penilaian digital platform, ensuring that assessments are dilakukan secara adil berdasarkan prestasi kerja conducted fairly based on work performance tanpa memandang latar belakang individu. regardless of individual background. Hubungan Industrial Industrial Relations Perseroan terus berkomitmen menciptakan The Company remains committed to creating hubungan industrial yang harmonis dengan seluruh harmonious industrial relations with all employees, karyawan, menjadikan mereka sebagai mitra strategis making them strategic partners in achieving mutual dalam meraih kesuksesan bersama. Pendekatan ini success. This approach aligns with the Company’s selaras dengan visi Perseroan untuk membangun vision to build an inclusive and productive work lingkungan kerja yang inklusif dan produktif di tengah environment amidst the increasingly competitive dinamika industri semen yang semakin kompetitif. dynamics of cement industry. Untuk mewujudkan hal tersebut, Perseroan To achieve such relations, the Company strictly mematuhi secara ketat seluruh peraturan complies with all applicable labor laws and perundang-undangan ketenagakerjaan yang berlaku, regulations, including the full fulfillment of employee termasuk pemenuhan hak normatif karyawan normative rights. The Company also maintains open secara penuh. Perseroan juga mempertahankan and regular communication with the Labor Union, komunikasi terbuka dan rutin dengan Serikat Pekerja as employee representatives, through bipartite and sebagai wakil karyawan, melalui forum bipartit dan multipartite forums to discuss programs, strategic multipartit untuk membahas program, rencana plans, and operational issues. strategis, serta isu-isu operasional. Saat ini, terdapat tiga organisasi Serikat Pekerja (SP) There are currently three active Labor Union aktif di lingkungan Indocement, yaitu di Kompleks organizations (SP) within Indocement, which are Pabrik Citeureup, Kompleks Pabrik Cirebon, in Citeureup Factory, Cirebon Factory, and Tarjun dan Kompleks Pabrik Tarjun. Perseroan terus Factory. The Company continuously strengthens memperkuat sinergi positif dengan ketiga serikat ini positive synergy with these three unions through 134 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
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melalui dialog konstruktif, guna menjaga stabilitas constructive dialogue to maintain stable and
dan harmoni hubungan industrial. Pada Desember harmonious industrial relations. In December 2025,
2025 telah dilakukan pelantikan kepengurusan baru the new managements of SP Citeureup and SP Tarjun
SP Citeureup dan SP Tarjun yang proses pemilihan were inaugurated, with the election and inauguration
sampai dengan pelantikannya berjalan dengan process proceeding very smoothly.
sangat lancar.
Sebagai wujud komitmen tersebut, pada tahun 2025 As the manifestation of such commitment, in 2025,
Perseroan telah menandatangani Perjanjian Kerja the Company signed the Collective Labor Agreement
Bersama (PKB) XI dengan Serikat Pekerja Indocement, (CLA) XI with the Indocement Labor Union, which
yang mencakup ketentuan pengembangan karir, covered provisions for career development, welfare,
kesejahteraan, serta adaptasi terhadap transformasi as well as adaptation to digital transformation
digital dan keberlanjutan operasional. PKB 2025-2027 and operational sustainability. The 2025-2027 CLA
tidak mengalami perubahan dari PKB sebelumnya. remains unchanged from the previous CLA. This
Hal ini menandakan bahwa Perseroan telah indicates that the Company has fulfilled all of its
memenuhi seluruh hak-hak normatif karyawannya. employees’ normative rights. The harmonious
Hubungan industrial yang harmonis antara Perseroan industrial relations between the Company and its
dan karyawan juga tercermin dari perundingan upah employees are also reflected in the swiftly and
2025 yang berjalan dengan sangat cepat dan baik. smoothly 2025 wage negotiations.
Program Retensi Retention Program
Indocement menerapkan program retensi Indocement implements an employee retention
karyawan yang dirancang khusus untuk Generasi program specifically designed for Generation Z
Z melalui pendekatan manajemen talenta yang through an adaptive talent management approach
adaptif dan berorientasi pada pengembangan oriented toward career development and holistic
karier serta kesejahteraan holistik. Program ini well-being. This program includes personalized
mencakup Individual Development Plan (IDP) yang Individual Development Plan (IDP), technology-
dipersonalisasi, pelatihan berbasis teknologi dan based training, and cross-generational mentoring
mentoring lintas generasi yang mendukung work-life that support work-life balance, all aimed at retaining
balance, yang semuanya bertujuan mempertahankan productive young talent amidst today’s dynamic
talenta muda produktif di tengah dinamika pasar labor market.
tenaga kerja saat ini.
Lebih lanjut, Indocement mengintegrasikan Furthermore, Indocement integrates strong
elemen employer branding kuat seperti pengakuan employer branding elements such as recognition
kontribusi melalui reward non-finansial, kesempatan of contributions through non-financial rewards,
project-based learning, dan budaya organisasi project-based learning opportunities, and an
inklusif yang menekankan inovasi serta keterlibatan inclusive organizational culture that emphasizes
emosional, sebagaimana diakui dalam Indonesia innovation and emotional engagement, as recognized
Best Employer Brand Awards 2025. Strategi ini tidak in the 2025 Indonesia Best Employer Brand Awards.
hanya meningkatkan loyalitas Generasi Z terhadap This strategy not only increases Generation Z’s
perusahaan, tetapi juga selaras dengan transformasi loyalty to the Company but also harmonizes with
digital Indocement, memastikan kontinuitas talenta Indocement’s digital transformation, ensuring talent
untuk mendukung operasional Perseroan secara continuity to support the Company’s operations
efisien dan berkelanjutan. efficiently and sustainably.
Sebagai bagian dari program retensi karyawan, tahun As part of the employee retention program, in 2025,
2025 Perseroan meluncurkan seragam baru yang the Company launched a new uniform designed with
dirancang dengan konsep modern, fungsional, dan a modern, functional, and inclusive concept that
inklusif yang mencerminkan identitas perusahaan reflected the Company’s identity while enhancing the
sekaligus meningkatkan kenyamanan serta comfort and pride of employees across generations,
kebanggaan kerja karyawan dari berbagai generasi, including Generation Z. This uniform combines
termasuk Generasi Z. Seragam ini menggabungkan ergonomic design elements with environmentally
elemen desain ergonomis dengan bahan ramah friendly materials, neutral colors that match
lingkungan, warna netral yang serasi dengan branding Indocement’s branding, and practical features such
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Indocement, serta fitur praktis seperti kantong as multifunctional pockets and optimal ventilation
multifungsi dan ventilasi optimal untuk mendukung to support employee activities.
aktivitas karyawan.
Demografi Karyawan Segmen Bisnis Employee Demographics in Cement
Semen Business Segment
Jumlah karyawan segmen bisnis semen pada akhir The number of employees in cement business
2025 tercatat sebanyak 2.764 karyawan, mengalami segment at the end of 2025 was 2,764 employees,
penurunan 627 karyawan atau 18% dibandingkan a decrease of 627 employees or 18%, compared to
jumlah karyawan per 31 Desember 2024 yaitu 3.391 the number of employees as of 31 December 2024,
karyawan. Penurunan jumlah karyawan tersebut which was 3,391 employees. The decrease in the
seiring dengan bertambahnya karyawan yang number of employees due to natural retirement.
memasuki masa pensiun.
Jumlah Karyawan Segmen Bisnis Semen
Total Employees of Cement Business Segment
3.391 3.349 3.454
3.217
2.764
2025 2024 2023 2022 2021
Komposisi Karyawan Berdasarkan Status
Employee Composition by Status
2025 2024
Status Karyawan
Employment Status Jumlah Jumlah
% %
Total Total
Karyawan Tetap 2.556 92 3.133 92
Permanent Employees
Karyawan Tidak Tetap (Kontrak) 208 8 258 8
Non-Permanent Employees (Contract)
Jumlah 2.764 100 3.391 100
Total
Komposisi Karyawan Berdasarkan Jenis Kelamin
Employee Composition by Gender
2025 2024
Jenis Kelamin
Gender Jumlah Jumlah
% %
Total Total
Laki-laki 2.582 93 3.156 93
Male
Perempuan 182 7 235 7
Female
Jumlah 2.764 100 3.391 100
Total
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Profil Perusahaan
Company Profile
Komposisi Karyawan Berdasarkan Usia
Employee Composition by Age
2025 2024
Rentang Usia
Age Range Jumlah Jumlah
% %
Total Total
<25 Tahun | Years Old 29 1 81 1
26–30 Tahun | Years Old 216 8 388 10
31–35 Tahun | Years Old 461 17 574 16
36–40 Tahun | Years Old 257 9 224 6
41–45 Tahun | Years Old 229 8 316 9
46–50 Tahun | Years Old 744 27 900 29
>50 Tahun | Years Old 828 30 908 29
Jumlah 2.764 100 3.391 100
Total
Komposisi Karyawan Berdasarkan Pendidikan
Employee Composition by Education
2025 2024
Jenjang Pendidikan
Level of Education Jumlah Jumlah
% %
Total Total
Doktoral 2 0 2 0
Doctor
Pascasarjana 61 2 74 2
Postgraduate
Sarjana 568 21 782 21
Bachelor
Diploma 94 3 185 4
Hingga SMA 2.039 74 2.348 73
Up to High School
Jumlah 2.764 100 3.391 100
Total
Komposisi Karyawan Berdasarkan Level Jabatan
Employee Composition by Level of Echelon
2025 2024
Level Jabatan
Level of Position Jumlah Jumlah
% %
Total Total
Eselon 1 41 1 43 1
Echelon 1
Eselon 2 107 4 117 4
Echelon 2
Eselon 3 312 11 341 11
Echelon 3
Eselon 4 439 16 526 15
Echelon 4
Eselon 5 739 27 851 25
Echelon 5
Eselon 6 1.126 41 1.513 44
Echelon 6
Jumlah 2.764 100 3.391 100
Total
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Teknologi Informasi Information Technology Indocement berkomitmen untuk memanfaatkan Indocement is committed to optimally utilizing teknologi informasi secara optimal dalam mendukung information technology to support operational efisiensi operasional dan percepatan pengembangan efficiency and accelerate business development. usaha. Melalui transformasi digital yang Through ongoing digital transformation, the Company berkelanjutan, Perusahaan terus mengintegrasikan continues to integrate data-driven systems, sistem berbasis data, automasi proses bisnis, serta automate business processes, and implement penerapan aplikasi analitik dan kecerdasan buatan analytics and artificial intelligence applications guna meningkatkan produktivitas dan kualitas to improve productivity and improve decision- pengambilan keputusan. Pemanfaatan teknologi ini making quality. This utilization of technology not tidak hanya memperkuat daya saing dan resiliensi only strengthens the Company’s competitiveness Perseroan di tengah dinamika industri, tetapi juga and resilience amidst industry dynamics but also memastikan seluruh lini operasional berjalan lebih ensures that all operational lines are carried out efisien, transparan, dan berkelanjutan. more efficiently, transparently, and sustainably. Perkembangan TI yang pesat di Indocement The rapid IT development in Indocement is made dimungkinkan karena Perseroan memiliki Tim TI possible by the Company’s reliable IT team. For yang handal. Selama lebih dari empat dekade, more than four decades, Indocement has built a Indocement telah membangun tim TI yang strong, professional, and highly dedicated IT team kuat, profesional, dan berdedikasi tinggi dalam to support all Company operations. This IT team not mendukung seluruh operasional Perusahaan. Tim TI only maintains the sustainability of digital systems ini tidak hanya menjaga keberlanjutan sistem dan and infrastructure but also continuously innovates infrastruktur digital, tetapi juga terus berinovasi to ensure that the technology transformation is untuk memastikan transformasi teknologi berjalan in line with the Company’s vision of efficiency, sejalan dengan visi perusahaan menuju efisiensi, reliability, and operational excellence across every keandalan, dan keunggulan operasional di setiap lini business line. bisnis. Transformasi Digital Digital Transformation Sebagai bagian dari Heidelberg Materials Group, As part of the Heidelberg Materials Group, Indocement telah mengimplementasikan platform Indocement has implemented SAP Ariba platform SAP Ariba sebagai bagian dari harmonisasi proses as part of the harmonization of the group’s global pengadaan grup secara global. Implementasi ini procurement process. This implementation began dimulai setelah penandatanganan service agreement following the signing of a service agreement in pada Juni 2025, yang mencakup jasa procurement June 2025, which included procurement services dari Heidelberg Materials Group untuk mendukung from Heidelberg Materials Group to support digital transformasi digital di bidang pembelian, logistik, transformation in purchasing, logistics, and supplier dan manajemen supplier. management. Manfaat utama bagi Indocement termasuk This provides significant benefits for Indocement, peningkatan transparansi supplier base di Indonesia, including increased transparency of the Indonesian untuk mengelola pengeluaran tahunan untuk supplier base, enabling it to manage annual pengadaan bahan baku semen seperti batu kapur expenditures for the procurement of cement raw dan fly ash. Proses ini memastikan efisiensi, materials such as limestone and fly ash. This process dengan harmonisasi data supplier untuk keputusan ensures efficiency by harmonizing supplier data for berkelanjutan, mengurangi risiko, dan mendukung sustainable decisions, reducing risk, and supporting target net zero emission grup pada 2050. Hasilnya, the group’s net-zero emissions target by 2050. As tim procurement Indocement kini lebih agile a result, Indocement’s procurement team is now dalam kolaborasi global, meningkatkan efisiensi. more agile in global collaboration, increasing the 138 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
Implementasi SAP Ariba merupakan bagian dari efficiency. The implementation of SAP Ariba is part
program transformasi digital yang dijalankan of the Company’s digital transformation program.
Perseroan.
Selain itu, Perseroan juga memiliki Security Furthermore, the Company also has a sophisticated
Information Centre (SIC) yang canggih dan terintegrasi, and integrated Security Information Center (SIC),
memungkinkan monitoring keamanan infrastruktur, enabling a comprehensive security monitoring of
aset, dan operasional secara menyeluruh selama 24 infrastructure, assets, and operations on a 24/7 basis.
jam sehari, tujuh hari seminggu. SIC ini dilengkapi This SIC is equipped with cutting-edge technology
dengan teknologi mutakhir seperti sistem CCTV such as AI-based CCTV system, IoT sensor, and a
berbasis AI, sensor IoT, dan platform analitik real- real-time analytics platform to proactively detect
time untuk mendeteksi ancaman potensial secara potential threats, ensuring smooth production.
proaktif, sehingga memastikan kelancaran produksi. This commitment reflects Indocement’s dedication
Komitmen ini mencerminkan dedikasi Indocement to maintaining world-class industrial security
dalam menjaga standar keamanan industri standards, in line with the Company’s digital
kelas dunia, selaras dengan transformasi digital transformation towards safer and more efficient
perusahaan menuju operasional yang lebih aman operations.
dan efisien.
Peningkatan Cybersecurity Enhanced Cybersecurity
Memasuki era transformasi digital yang semakin Entering the era of increasingly complex digital
kompleks, Indocement menempatkan keamanan transformation, Indocement positions cybersecurity
siber (cyber security) sebagai salah satu prioritas as one of its strategic priorities in information
strategis dalam pengelolaan teknologi informasi technology management for 2025. The Company
tahun 2025. Perusahaan memperkuat sistem strengthens the digital defense system by improving
pertahanan digital melalui peningkatan infrastruktur network security infrastructure, implementing
keamanan jaringan, penerapan kebijakan keamanan stricter data security policies, and updating
data yang lebih ketat, serta pembaruan sistem firewall and intrusion prevention systems across
firewall dan intrusion prevention system di seluruh all operational units. This step aims to ensure that
unit operasional. Langkah ini bertujuan untuk all of the Company’s IT systems are protected
memastikan seluruh sistem TI Perusahaan terlindungi from evolving cyber threats, while maintaining the
dari ancaman siber yang terus berkembang, sekaligus confidentiality, integrity, and availability of business
menjaga kerahasiaan, integritas, dan ketersediaan data, which is a critical Company asset.
data bisnis yang menjadi aset penting perusahaan.
Selain penguatan sisi teknologi, Indocement juga In addition to strengthening technology, Indocement
berfokus pada peningkatan kesadaran keamanan also focuses on increasing cybersecurity awareness
siber di kalangan karyawan sebagai lini pertahanan among employees as the first line of defense against
pertama terhadap potensi serangan siber. Melalui potential cyberattacks. Through regular training and
program pelatihan dan sosialisasi rutin, Perusahaan dissemination programs, the Company educates all
mengedukasi seluruh karyawan tentang praktik employees on good digital security practices, such
keamanan digital yang baik, seperti pengelolaan as password management, phishing awareness, and
kata sandi, kewaspadaan terhadap phishing, serta personal data protection policies in accordance with
kebijakan perlindungan data pribadi sesuai dengan applicable regulations. This approach creates a work
regulasi yang berlaku. Pendekatan ini menciptakan culture that is more vigilant and responsible for
budaya kerja yang lebih waspada dan bertanggung information security at all levels of the organization.
jawab terhadap keamanan informasi di seluruh level
organisasi.
Untuk mendukung efektivitas pengawasan, To support an effective oversight, Indocement is in
Indocement sedang dalam proses the process of implementing security monitoring
mengimplementasikan sistem pemantauan system based on Security Operation Center (SOC)
keamanan berbasis Security Operation Center (SOC) that is capable of detecting suspicious activity in
yang mampu mendeteksi aktivitas mencurigakan real time. Furthermore, the Company is supported
secara real time. Selain itu, Perusahaan juga by a professional cybersecurity service provider to
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didukung oleh penyedia layanan keamanan siber strengthen its incident response capabilities and profesional guna memperkuat kemampuan respons conduct regular security audit. With a combination of insiden dan audit keamanan secara berkala. Dengan advanced technology, integrated monitoring system, kombinasi teknologi canggih, sistem pengawasan and enhanced human capital capacity, Indocement terintegrasi, dan peningkatan kapasitas sumber daya ensures a robust digital resilience to support the manusia, Indocement memastikan ketahanan digital operational continuity and stakeholder confidence. yang tangguh dalam mendukung keberlanjutan operasional dan kepercayaan para pemangku kepentingan. Disaster Recovery Center (DRC) dan Disaster Recovery Center (DRC) and Cyber Recovery System (CRS) Cyber Recovery System (CRS) Indocement memiliki Disaster Recovery Center (DRC) Indocement has the Disaster Recovery Center sebagai komponen krusial dalam strategi ketahanan (DRC) as a crucial component of its operational operasional dan keberlanjutan bisnis. DRC dirancang resilience and business continuity strategy. The untuk memastikan pemulihan sistem TI dan data DRC is designed to ensure the rapid recovery of IT kritis dalam waktu singkat pasca-bencana alam, systems and critical data following a natural disaster atau gangguan infrastruktur. or infrastructure disruption. Pada tahun 2025, telah dilakukan peningkatan In 2025, the cyber recovery security was enhanced keamanan cyber recovery dengan mengoperasikan by fully operationalizing the Cyber Recovery System secara penuh Cyber Recovery System (CRS) yang (CRS), which facilitated faster recovery in the event membantu pemulihan lebih cepat bila terjadi of cyberattack on IT systems. serangan siber terhadap sistem TI. Simulasi disaster recovery dan cyber recovery Disaster recovery and cyber recovery simulations dilakukan secara periodik guna memastikan keadaan are conducted periodically to ensure the smooth perangkat dan sistem berjalan lancar dan melatih operation of devices and systems and to train the IT kesiapan tim IT dalam melakukan pemulihan sistem team’s readiness to recover systems in the event of jika terjadi bencana atau serangan. a disaster or attack. Keberadaan DRC tidak hanya meminimalkan risiko The existence of the DRC not only minimizes the downtime operasional, tetapi juga memperkuat risk of operational downtime but also strengthens kepercayaan pemangku kepentingan terhadap stakeholder confidence in Indocement’s commitment komitmen Indocement dalam pengelolaan risiko. to risk management. Indocement proactively Indocement secara proaktif senantiasa menerapkan implements new technologies and processes to teknologi dan proses baru sebagai antisipasi anticipate increasingly complex cyber threats. terhadap ancaman cyber yang semakin kompleks. 140 Laporan Tahunan 2025 Annual Report
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Profil Perusahaan
Company Profile
Indocement mengundang 50 seniman dari lima komunitas untuk berpartisipasi dalam
menciptakan karya visual di atas sak semen dalam perayaan HUT ke-50 Indocement.
Indocement invited 50 artists from five communities to participate in creating visual artworks
on cement bags as part of Indocement’s 50th Anniversary celebrations.
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Tinjauan Ekonomi dan Industri Economic and Industrial Overview Analisis Ekonomi Global Global Economic Analysis Ekonomi global menunjukkan ketahanan yang The global economy demonstrated surprising mengejutkan pada tahun 2025. Kendati sempat resilience in 2025. Despite experiencing pressure tertekan pada awal tahun, ekonomi global dapat at the beginning of the year, the global economy kembali rebound pada paruh kedua tahun 2025. Dalam rebounded in the second half of 2025. In the World laporan World Economic Outlook yang terbit pada Economic Outlook report published in January Januari 2026, IMF merevisi proyeksi pertumbuhan 2026, IMF revised the 2025 global growth projection global tahun 2025 naik dari 3,2% menjadi 3,3% upward from 3.2% to 3.3% following the easing of pasca-penyesuaian kebijakan proteksionis Amerika United State protectionist policies and private sector Serikat yang mereda dan adaptasi sektor swasta adaptation offset the headwinds from trade tariffs. mengimbangi headwinds dari tarif perdagangan. Investasi teknologi, khususnya AI yang mampu Technology investment, particularly AI, which can meningkatkan produktivitas dan kekayaan aset increase productivity and global asset wealth, global, menjadi pendorong utama pertumbuhan becomes a key driver of global economic growth. ekonomi global. Selain itu, dukungan fiskal, kondisi Furthermore, fiscal support, accommodative keuangan yang akomodatif, serta ketahanan pasar financial conditions, and a resilient United State tenaga kerja di Amerika Serikat juga menjadi faktor labor market are also positive factors for the global positif terhadap perekonomian global. Ekonomi economy. The United States economy was projected 144 Laporan Tahunan 2025 Annual Report
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Amerika Serikat diprediksi tumbuh 2,7% pada 2025. to grow by 2.7% in 2025. Meanwhile, among emerging
Sedangkan di emerging economies, India memimpin economies, India led the way with growth of above
dengan pertumbuhan di atas 6% sejalan dengan 6%, in line with increasing domestic demand and
peningkatan permintaan domestik dan reformasi structural reforms undertaken by Indian government
struktural yang dijalankan Pemerintah India untuk to maintain momentum.
mempertahankan momentum.
Namun demikian, ekonomi global juga masih However, the global economy still faces a number of
menghadapi sejumlah tantangan. Selain kebijakan challenges. In addition to United State tariff policy,
tarif Amerika Serikat, ketidakpastian geopolitik geopolitical uncertainty remains a major challenge.
masih menjadi tantangan utama. Risiko downside Downside risks include reevaluation of technology
meliputi evaluasi ulang ekspektasi teknologi, eskalasi expectations, escalation of geopolitical tensions,
ketegangan geopolitik, dan kerentanan fiskal. IMF and fiscal vulnerabilities. The IMF emphasizes the
menekankan perlunya diplomasi perdagangan, need for trade diplomacy, structural reforms, and
reformasi struktural, dan penguatan buffer fiskal strengthening fiscal buffers to maintain stability.
untuk menjaga stabilitas.
Pada 2025, inflasi global mengalami tren penurunan In 2025, global inflation was projected to experience
yang stabil dari puncak pasca-pandemi, mencapai a steady decline from its post-pandemic peak,
estimasi rata-rata 4,1% didorong oleh pelemahan reaching an estimated average of 4.1%, driven by
harga komoditas energi, normalisasi rantai pasok, weakening energy commodity prices, supply chain
dan kebijakan moneter akomodatif di berbagai normalization, and accommodative monetary
negara. Penurunan ini lebih cepat di ekonomi maju policies in various countries. This decline was more
seperti Amerika Serikat dan Euro Area, di mana rapid in advanced economies such as the United
inflasi headline mendekati target 2%, sementara State and Euro Area, where headline inflation
emerging markets mengalami moderasi dari tingkat approaching the 2% target, while emerging markets
tinggi sebelumnya meski dipengaruhi ketegangan experienced moderation from previous high levels
perdagangan. Meskipun kebijakan tarif Amerika despite being affected by trade tensions. Although
Serikat menimbulkan tekanan inflasi jangka pendek United State tariffs create short-term inflationary
melalui biaya impor, ketahanan sektor swasta dan pressures through import costs, private sector
diversifikasi perdagangan membantu menjaga resilience and trade diversification help maintain
disinflasi, dengan proyeksi lanjutan ke 3,8% pada disinflation, with projections continuing to rise to
2026. 3.8% in 2026.
Secara keseluruhan, 2025 mengonfirmasi transisi ke Overall, year 2025 confirms the transition to a
ekonomi new normal dengan pertumbuhan rendah new normal economy with low but stable growth,
tapi stabil, di mana teknologi AI menjadi penyangga with AI technology serving as a key buffer against
utama terhadap proteksionisme, meski kerentanan protectionism, though the vulnerability of emerging
emerging markets menuntut koordinasi global lebih markets requires better global coordination for the
baik untuk prospek 2026 yang diproyeksikan akan 2026 outlook, projected to grow in the 3.1%–3.3%
tumbuh pada kisaran 3,1%–3,3%. range.
Analisis Ekonomi Indonesia Indonesian Economic Analysis
Ekonomi Indonesia sepanjang 2025 menunjukkan Indonesian economy throughout 2025 demonstrated
ketangguhan yang patut diapresiasi. Di tengah commendable resilience. Amid global turmoil, annual
gejolak global, pertumbuhan Produk Domestik Bruto Gross Domestic Product (GDP) growth managed to
(PDB) tahunan berhasil melampaui pertumbuhan surpass its previous year’s growth, from 5.03% in
tahun sebelumnya, dari 5,03% tahun sebelumnya the previous year to 5.11%. With such achievement,
menjadi 5,11%. Dengan capaian tersebut, Indonesia Indonesia became the country with the highest
menjadi negara dengan pertumbuhan ekonomi economic growth among G20 and ASEAN countries.
tertinggi diantara negara G20 dan ASEAN. Konsumsi Household consumption remained the main driver,
rumah tangga tetap menjadi motor utama dengan growing at 4.98%, supported by community activities
pertumbuhan 4,98%, didukung oleh aktivitas such as tourism and restaurant-hotel consumption,
masyarakat seperti pariwisata dan konsumsi despite being stagnant compared to previous
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restoran-hotel, meskipun stagnan dibandingkan tren trends. The government focused on strengthening sebelumnya. Pemerintah fokus menguatkan sektor productive sector and downstreaming industries to produktif dan hilirisasi industri sebagai penopang support sustainable economic growth. pertumbuhan ekonomi berkelanjutan. Inflasi berhasil dikendalikan dengan baik, rata- Inflation was successfully controlled, with an rata tahunan sebesar 2,92%. Kendati meningkat annual average of 2.92%. Although higher than that dibandingkan tahun sebelumnya, namun tingkat of the previous year, the inflation rate remained inflasi tersebut masih berada dalam koridor within Bank Indonesia’s target corridor, thanks to target Bank Indonesia, berkat kebijakan moneter accommodative monetary policy that lowered the akomodatif yang menurunkan suku bunga acuan benchmark interest rate by a cumulative 125 basis secara kumulatif hingga 125 basis poin selama points throughout 2025. The trade balance surplus tahun 2025. Surplus neraca perdagangan mencapai reached USD41.05 billion, supported by export that USD41,05 miliar didukung ekspor yang tumbuh grew by 6.15, even though import also increased by 6,15% meski impor juga meningkat 2,83%. Tingkat 2.83%. The unemployment rate remained stable at pengangguran stabil di 4,8% atau sekitar 7,5 juta 4.8%, or around 7.5 million people—still the highest orang—masih tertinggi di ASEAN—tetapi menurun in ASEAN—but declined slightly from the previous tipis dari tahun sebelumnya, dengan pengeluaran year, with government spending rebounding by 5.5% pemerintah yang rebound 5,5% di paruh kedua tahun in the second half of 2025, helping to stimulate 2025 membantu stimulus lapangan kerja. employment. Pemerintahan Prabowo Subianto menerapkan Prabowo Subianto’s administration implemented kebijakan fiskal yang prudent, dengan defisit prudent fiscal policy, with a budget deficit of 2.92% anggaran 2,92% PDB untuk tahun 2025 di bawah of GDP for 2025, below the constitutional 3% batas konstitusional 3%, di mana peningkatan limit. Increased spending on the free school meal belanja untuk program makan gratis anak sekolah program and the establishment of “Danantara” dan pendirian dana kekayaan negara "Danantara" sovereign wealth fund offset subsidy efficiencies. diimbangi efisiensi subsidi. Reformasi struktural Structural reforms such as accelerated investment seperti percepatan perizinan investasi, insentif Pajak licensing, government-borne Value Added Tax Pertambahan Nilai Ditanggung Pemerintah (PPN (PPN DTP) incentives for affordable housing, and DTP) untuk perumahan terjangkau, dan diversifikasi export diversification into non-traditional markets ekspor ke pasar non-tradisional memperkuat fondasi strengthened the foundation for inclusive growth. pertumbuhan inklusif. Meski demikian, perlambatan However, the early-year slowdown in the first awal tahun di kuartal pertama akibat ketidakpastian quarter due to post-election political uncertainty politik pasca-pemilu dan fluktuasi harga komoditas and fluctuations in global commodity prices served global menjadi pengingat akan kerentanan struktural. as a reminder of structural vulnerabilities. Secara keseluruhan, 2025 menjadi tahun transisi Overall, year 2025 proved to be a successful yang sukses bagi Indonesia, di mana ketahanan transition year for Indonesia, with domestic resilience domestik mengimbangi headwind eksternal seperti offsetting external headwinds such as recessions in resesi di mitra dagang utama dan ketegangan key trading partners and geopolitical tensions. The geopolitik. Kontribusi sektor jasa dan manufaktur contribution of service and manufacturing sectors yang meningkat. Prospek 2026 terlihat cerah dengan increased. The 2026 prospect looks bright, with Bank target pertumbuhan menurut Bank Indonesia berada Indonesia targeting growth in the range of 4.9–5.7%, pada kisaran 4,9–5,7%, dengan tetap menjalankan while ongoing reforms such as the digitalization reformasi berkelanjutan seperti digitalisasi UMKM of MSMEs and the continued promotion of natural dan hilirisasi sumber daya alam terus digalakkan resource downstreaming to reduce dependence on untuk mengurangi ketergantungan ekspor primer. primary exports continue. 146 Laporan Tahunan 2025 Annual Report
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Analisis Industri Semen Nasional National Cement Industry Analysis
Industri semen pada 2025 menghadapi tantangan The cement industry in 2025 encountered significant
struktural yang signifikan akibat kelebihan structural challenges due to excess production
kapasitas produksi mencapai lebih dari 40%, di capacity that reached more than 40%, with installed
mana kapasitas terpasang berada di kisaran 120 capacity hovering around 120 million tons per year
juta ton per tahun sementara konsumsi domestik while domestic consumption stagnated at around
stagnan di kisaran 62-65 juta ton. Konsumsi semen 62–65 million tons. Domestic cement consumption
dalam negeri sepanjang 2025 mencapai 63,9 juta throughout 2025 reached 63.9 million tons, a 1.5%
ton, turun 1,5% dibandingkan tahun lalu, terutama decrease compared to previous year. This was mainly
karena pelemahan ekonomi, pemotongan anggaran due to the economic downturn, infrastructure
infrastruktur, dan lambatnya sektor properti swasta budget cuts, and slowdown in private property sector
pasca-pandemi. Regional seperti Jawa, Sulawesi, post-pandemic. Regions such as Java, Sulawesi, and
dan Kalimantan mengalami penurunan permintaan, Kalimantan experienced declining demand, although
meskipun Sumatra serta Maluku tumbuh tipis berkat Sumatra and Maluku slightly grew due to local
proyek infrastruktur lokal. infrastructure projects.
Meski demikian, ekspor menjadi penyelamat utama, Nevertheless, export became a major savior, with
dengan volume semen naik 11,5–17% menjadi cement volume rising by 11.5–17% to 879,000–920,000
879.000–920.000 ton hingga sembilan bulan, tons over nine months, while clinker surged 20% to
sementara klinker melonjak 20% menjadi 9,41 juta 9.41 million tons, targeting markets in Bangladesh,
ton, menargetkan pasar Bangladesh, Australia, Timor Australia, Timor Leste, Taiwan, Sri Lanka, and the
Leste, Taiwan, Sri Lanka, dan Filipina. Philippines.
Di tahun 2025, maraknya fighting brand menjadi In 2025, the rise of brand fighting became a fierce
fenomena kompetitif yang sengit akibat kelebihan competitive phenomenon due to excess production
kapasitas produksi. Strategi ini memicu perang capacity. This strategy triggered unhealthy price
harga tidak sehat, menekan margin keuntungan dan wars, squeezing profit margins and compromising
mengorbankan persepsi konsumen. consumer perception.
Tekanan kompetitif memicu persaingan harga tidak Competitive pressures lead to unhealthy price
sehat, margin keuntungan tipis, dan biaya energi competition, thin profit margins, and ballooning
yang membengkak, memaksa produsen mengadopsi energy costs, forcing producers to adopt alternative
bahan bakar alternatif, digitalisasi, serta inovasi fuels, digitalization, and low-carbon cement
semen rendah karbon untuk memenuhi kebijakan innovations to meet national green industry policies.
green industry nasional. Ketergantungan pada proyek Dependence on government projects makes the
pemerintah membuat industri rentan terhadap industry vulnerable to execution delays, while
keterlambatan eksekusi, sementara overcapacity permanent overcapacity keeps factory utilization
permanen menekan utilisasi pabrik di bawah 50%. below 50%. Although ASI projection indicates an
Kendati proyeksi ASI menunjukkan penurunan annual sales decline of 1.5–3%, economic stimulus
penjualan tahunan 1,5–3%, namun dengan harapan measures such as interest rate cuts and property
stimulus ekonomi seperti penurunan suku bunga dan VAT discounts are expected to drive a rebound in
diskon PPN properti diharapkan dapat mendorong cement demand in 2026.
rebound permintaan semen pada 2026.
Ke depan, sinergi antara realisasi proyek nasional Going forward, synergy between national project
serta ekspansi ekspor akan krusial untuk menyerap implementation and export expansion will be
kelebihan pasokan, sambil mendorong transisi ke crucial to absorb excess supply while encouraging
produk ramah lingkungan. Industri semen Indonesia, a transition to environmentally friendly products.
berada di persimpangan strategis: mengoptimalkan Indonesian cement industry is at a strategic
rantai pasok lokal, mengurangi ketergantungan crossroads: optimizing local supply chains, reducing
energi fosil, dan menangkap peluang urbanisasi dependence on fossil fuels, and seizing opportunities
pulau-pulau luar Jawa untuk mencapai pertumbuhan for urbanization in islands outside Java to achieve
berkelanjutan. sustainable growth.
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Tinjauan Operasional Operational Overview Kebijakan Strategis 2025 Strategic Policies in 2025 Tahun 2025 menjadi ujian berat bagi industri Year 2025 was a tough year for Indonesian semen di Indonesia. Pasar domestik menyusut cement industry. The domestic market shrank akibat kontraksi volume curah sebagai dampak due to contraction in bulk volumes resulting from dari pemangkasan anggaran infrastruktur dan infrastructure budget cuts and slowing property melambatnya pertumbuhan industri properti. industry growth. This situation is further worsened Kondisi ini semakin diperparah dengan melemahnya by weakening purchasing power due to economic daya beli masyarakat karena tekanan ekonomi dan pressures and widespread layoffs. maraknya gelombang PHK. Menghadapi 2025, Indocement tetap fokus pada Facing 2025, Indocement remained focused on upaya untuk mewujudkan pertumbuhan usaha yang efforts to achieve sustainable business growth. The berkelanjutan. Perseroan tidak hanya menjalankan Company not only implemented tactical strategies to strategi taktikal untuk menyikapi kondisi ekonomi address economic and cement industry conditions dan industri semen tahun 2025, tapi Perseroan in 2025, however also continued to strengthen the juga terus memperkuat fondasi untuk mewujudkan foundations for long-term business growth. pertumbuhan usaha secara jangka panjang. Strategi Indocement 2025 dibangun atas peningkatan Indocement’s 2025 Strategy is built on increased efisiensi untuk daya saing dan keberlanjutan sebagai efficiency for competitiveness and sustainability fondasi jangka panjang. Efisiensi difokuskan pada as a long-term foundation. Efficiency is focused on optimalisasi rantai nilai produksi, distribusi, dan optimizing production, distribution, and logistics logistik guna menekan biaya di tengah persaingan value chains to reduce costs amidst intense price harga ketat. Keberlanjutan menekankan ekonomi competition. Sustainability emphasizes circular sirkular melalui pengurangan emisi dan pemanfaatan economy through emission reduction and the use of sumber daya alternatif. alternative resources. Inisiatif Percepatan Transformasi Transformation Acceleration Initiative Pada 2025, Indocement meluncurkan program In 2025, Indocement launched the Transformation Inisiatif Percepatan Transformasi, yaitu program Acceleration Initiative, a strategic transformation transformasi strategis yang dirancang untuk mencapai program designed to achieve significant cost savings penghematan biaya signifikan melalui optimalisasi through optimization of production, distribution, rantai nilai produksi, distribusi, dan logistik. Program and logistics value chains. This program is a key ini menjadi pilar utama mempertahankan margin pillar in maintaining EBITDA margins amid domestic EBITDA di tengah oversupply pasar semen domestik cement market oversupply and fluctuating energy dan fluktuasi biaya energi. Inisiatif tersebut selaras costs. This initiative is in line with Indocement’s New dengan New Purpose Indocement "Material to Build Purpose, “Materials to Build Our Future,” through the Our Future" melalui integrasi prinsip ekonomi integration of circular economy principles. sirkular. Program menetapkan target efisiensi biaya produksi The program sets measurable and sustainable terukur dan berkelanjutan untuk meningkatkan production cost efficiency targets to enhance daya saing serta profitabilitas. Fokus mencakup competitiveness and profitability. The focus includes pengurangan biaya operasional secara keseluruhan reducing overall operating costs while supporting sambil mendukung utilisasi pabrik tertinggi di the highest factory utilization in the industry. These industri. Upaya ini menjawab tantangan pasar semen efforts addressed the challenges of the challenging yang menantang sepanjang 2025. cement market throughout 2025. 148 Laporan Tahunan 2025 Annual Report
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Komponen kunci dari program tersebut terdiri dari: The key components of the program included:
1. Otomatisasi dan Digitalisasi: Peningkatan utilisasi 1. Automation and Digitalization: Increasing
kapasitas pabrik melalui proses otomatisasi end- factory capacity utilization through end-to-end
to-end; automation;
2. AI dan Teknologi Canggih: Penerapan kecerdasan 2. AI and Advanced Technology: Applying artificial
buatan pada expert system, robotic, radar, serta intelligence in expert systems, robotics, radar,
sistem pengendalian safety, dan GCG; dan safety control systems, and GCG; and
3. Optimalisasi Rantai Nilai: Pengurangan biaya di 3. Value Chain Optimization: Reducing cost in
produksi, distribusi, logistik untuk cost saving production, distribution, and logistics for
berkelanjutan. sustainable cost savings.
Inisiatif ini berkontribusi pada kinerja positif This initiative contributed to Indocement’s positive
Indocement, termasuk laba naik meskipun performance, including increased profit despite
pendapatan turun, melalui penekanan beban pokok declining revenues, by reducing the cost of goods
produksi. Program memperkuat efisiensi operasional manufactured. This program strengthened the
secara keseluruhan, di atas rata-rata industri semen overall operational efficiency, exceeding the average
nasional. Implementasi mendukung transformasi of the national cement industry. Its implementation
jangka panjang menuju Industri 4.0 berkelanjutan. supports the long-term transformation towards a
sustainable Industry 4.0.
Transformasi Digital Digital Transformation
Indocement mempercepat transformasi digital pada Indocement accelerated its digital transformation in
2025 melalui penerapan AI, otomatisasi operasional, 2025 through the implementation of AI, operational
dan digitalisasi end-to-end dari upstream hingga automation, and end-to-end digitalization from
downstream untuk tingkatkan efisiensi dan daya upstream to downstream to improve efficiency
saing Industri 4.0. Strategi mencakup TR-Produce, and competitiveness in Industry 4.0. The strategy
TR-Connect, dan TR-Service sebagai kerangka encompasses TR-Produce, TR-Connect, and TR-
utama transformasi. Inisiatif ini mendukung Service as the main framework for the transformation.
optimalisasi proses bisnis secara keseluruhan di These initiatives support the optimization of overall
tengah tantangan pasar semen. business processes amidst the challenges in cement
market.
TR-Produce, TR-Connect, dan TR-Service TR-Produce, TR-Connect, and TR-Service form the
membentuk fondasi digitalisasi untuk efisiensi foundation of digitalization for operational efficiency
operasional dari produksi hingga layanan pelanggan. from production to customer service. TR-Produce
TR-Produce fokus pada otomatisasi manufaktur focuses on cement manufacturing automation, TR-
semen, TR-Connect pada integrasi rantai pasok, Connect focuses on supply chain integration, and TR-
dan TR-Service pada pengiriman tepat waktu. Service focuses on on-time delivery. This approach
Pendekatan ini selaras dengan penghargaan INDI 4.0 is in line with the INDI 4.0 award for Aggressive
untuk Aggressive Digitalization di Kompleks Pabrik Digitalization at Cirebon Factory.
Cirebon.
Penerapan program digitalisasi di Indocement antara The implementation of digitalization program at
lain didukung dengan: Indocement is supported by:
1. SAP Ariba: Platform pengadaan digital end-to- 1. SAP Ariba: An end-to-end digital procurement
end meliputi sourcing, bidding, pemesanan, platform covering sourcing, bidding, ordering,
invoice; fitur Ariba Discovery cari supplier baru and invoicing; Ariba Discovery feature searches
untuk efisiensi bahan baku dan transparansi for new suppliers for raw material efficiency and
procurement; procurement transparency;
2. GPS/IoT Tracking Truk: Sistem pemantauan lokasi 2. GPS/IoT Truck Tracking: A real-time location
real-time, optimalisasi rute, on-time delivery, monitoring system, route optimization, on-time
visibilitas inventaris dan kondisi pengiriman; delivery, inventory visibility, and shipment status;
3. CCP Mining Citeureup: Digitalisasi operasi crusher 3. CCP Mining Citeureup: Digitalization of crusher
dan belt conveyor; AI untuk K3 (keselamatan and belt conveyor operations; AI for occupational
kesehatan kerja), yang diresmikan pada Hari K3 health and safety (OHS), inaugurated on World
Sedunia; dan Day for OHS; and
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4. Beton Control Center Pionirbeton: Pusat kendali 4. Pionirbeton Concrete Control Center: A
terpusat untuk ready-mix concrete; automasi centralized control center for ready-mix concrete;
tinggi kurangi error manusia, konsistensi mutu, high automation reduces human error, ensures
kapasitas ribuan m³/jam di batching plant. consistent quality, and provides a capacity of
thousands of m³/hour at the batching plant.
Program digitalisasi ini berhasil meningkatkan These digitalization programs managed to increase
efisiensi distribusi melalui konektivitas tol/ distribution efficiency through new toll road/port
pelabuhan baru dan otomatisasi operasional. connectivity and operational automation. The results
Hasilnya mendukung utilisasi pabrik tertinggi supported the industry’s highest factory utilization and
industri dan margin EBITDA terjaga meskipun pasar maintained EBITDA margins despite a weak market.
lemah. Upaya berkelanjutan memperkuat posisi Ongoing efforts strengthen Indocement’s position as
Indocement sebagai pemimpin transformasi digital a leader in Indonesia’s cement digital transformation.
semen Indonesia.
Ekspansi Footprint dan Logistik Footprint and Logistics Expansion
Indocement melakukan ekspansi footprint dan Indocement expanded its footprint and strengthened
penguatan logistik pada 2025 untuk menciptakan its logistics in 2025 to create a more efficient cost
struktur biaya lebih efisien di tengah persaingan structure amidst intense competition in cement
ketat industri semen. Langkah ini memperkuat industry. These steps strengthened product
distribusi produk ke wilayah tengah, timur, dan barat distribution to central, eastern, and western
Indonesia sambil meningkatkan kapasitas bongkar Indonesia while increasing loading and unloading
muat. Inisiatif mendukung utilisasi pabrik optimal capacity. The initiatives supported optimal factory
dan margin EBITDA terjaga meskipun permintaan utilization and maintained EBITDA margins despite
domestik turun. declining domestic demand.
Ekspansi footprint melibatkan akuisisi aset strategis Footprint expansion involved the acquisition of
untuk memperluas jangkauan distribusi. Tambahan strategic assets to broaden distribution reach. This
infrastruktur ini ciptakan efisiensi rantai pasok additional infrastructure created the overall supply
secara keseluruhan. Dalam melakukan ekspansi, chain efficiencies. In carrying out expansion, the
Perseroan fokus pada wilayah prioritas untuk Company focused on priority areas to increase
meningkatkan ketersediaan produk Perseroan. product availability.
Sepanjang tahun 2025, Perseroan melakukan Throughout 2025, the Company expanded its
ekspansi footprint dan penguatan logistik berupa: footprint and strengthened its logistics through:
1. Akuisisi Terminal Siawung, Terminal Pontianak, 1. Acquisition of Siawung Terminal, Pontianak Terminal,
dan Terminal Lembar II dari Semen Bosowa and Lembar II Terminal from Semen Bosowa; as a
yang merupakan strategi optimalisasi distribusi strategic of optimation of cement distribution and
semen dan mendukung operasional Kompleks to support the operations of Maros Factory;
Pabrik Maros; 2. Addition of Pandeglang Warehouse to strengthen
2. Penambahan Gudang Pandeglang untuk distribution in the western Java;
memperkuat distribusi wilayah Pulau Jawa 3. Operation of Harmoni I Vessel with the capacity
bagian barat; of 2,000 tons to transfer of clinker from Maros
3. Pengoperasian Kapal Harmoni I dengan kapasitas Factory to Banyuwangi grinding unit;
2.000 ton yang digunakan untuk transfer klinker 4. Upgrade of the Loading Crane at Tarjun Factory:
dari Pabrik Maros ke penggilingan Banyuwangi; Loading and unloading capacity reaching 10,000
4. Upgrade Loading Crane Kompleks Pabrik Tarjun tons/day for logistical efficiency;
dengan Kapasitas bongkar muat capai 10.000 5. Maros Factory lease Extension for two years
ton/hari untuk efisiensi logistik; starting in September 2025 through an asset
5. Perpanjangan sewa Pabrik Maros selama dua lease with PT Semen Bosowa Maros and
tahun mulai September 2025 melalui sewa aset PT Bosowa Corporindo.
dengan PT Semen Bosowa Maros dan PT Bosowa
Corporindo.
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Ekspansi ini memperkuat posisi kompetitif dengan This expansion strengthens its competitive position,
jaringan distribusi luas dan biaya rendah dan menjadi with broad distribution network and low costs, and
langkah jangka panjang untuk menjaga ketersediaan becomes a long-term measure to ensure product
produk di masa mendatang. availability in the future.
Transformasi Energi Sirkular Circular Energy Transformation
Indocement memperkuat keberlanjutan energi Indocement strengthens energy sustainability in
pada 2025 melalui program Circular Energy 2025 through Circular Energy Transformation and
Transformation dan Circular Economy Transformation Circular Economy Transformation programs to
untuk substitusi batu bara yang masih menjadi replace coal, which remains the largest component
komponen terbesar bagi biaya energi Perseroan, yang of the Company’s energy costs. The program targets
menargetkan penggunaan bahan bakar alternatif the use of alternative fuels to reach 25% overall.
hingga 25% secara keseluruhan. Inisiatif ini berhasil This initiative managed to reduce Scope 1 emissions
menurunkan emisi Scope 1 menjadi 534 kg CO2/ton to 534 kg CO2/ton of cement and achieved cost
semen dan juga efisiensi dari sisi biaya. efficiencies as well.
Penggunaan bahan bakar alternatif diharapkan The use of alternative fuels is expected to significantly
secara signifikan menekan emisi gas rumah kaca reduce greenhouse gas (GHG) emissions while
(GRK) sekaligus meningkatkan efisiensi energi, increasing energy efficiency. The initiative earned the
sekaligus meraih penghargaan Platinum Circular Platinum Circular Economy Sustainability Awards
Economy Sustainability Awards dan Excellent IGSCA and the Excellent IGSCA 2025 award for its circular
2025 atas inovasi ekonomi sirkularnya. Inisiatif economy innovation. This initiative is in line with the
ini selaras dengan mandat Komite ESG, Tujuan ESG Committee’s mandate, the 2030 Sustainable
Pembangunan Berkelanjutan (SDGs) 2030, regulasi Development Goals (SDGs), OJK regulations, and
OJK, serta target Net Zero Emission nasional dan national and global Net Zero Emission targets. Its
global. Kontribusinya memperkuat profitabilitas contribution strengthened the 2025 performance
kinerja tahun 2025 di tengah fluktuasi harga energi. profitability amidst fluctuating energy prices.
Aspek Pemasaran Marketing Aspect
Indocement menghadapi tahun 2025 dengan strategi Indocement encountered 2025 with an adaptive
pemasaran adaptif di tengah kontraksi pasar semen marketing strategy amid the contraction in the
domestik akibat pelemahan daya beli, oversupply, domestic cement market due to weakening
dan penurunan permintaan semen curah. Perseroan purchasing power, oversupply, and declining demand
berupaya untuk mempertahankan pangsa pasar for bulk cement. The Company strove to maintain
melalui bauran produk yang seimbang, dengan fokus market share through a balanced product mix, with a
utama pada merek premium Semen Tiga Roda sambil main focus on the premium Semen Tiga Roda brand
memanfaatkan fighting brand Semen Rajawali dan while leveraging its fighting brands Semen Rajawali
Semen Jempolan untuk menyikapi persaingan di and Semen Jempolan to address competition in
beberapa wilayah. several regions.
Di tengah perang harga fighting brand yang meningkat Amidst the escalating price war between fighting
karena sensitivitas harga konsumen, Perseroan brands due to consumer price sensitivity, the
berupaya untuk tetap menjaga penjualan Semen Tiga Company strove to maintain Semen Tiga Roda sales
Roda dengan menjalankan program loyalitas yaitu by implementing the loyalty program, namely Semen
poin Mitra Semen Tiga Roda (MSTR). Distribusi fighting Tiga Roda Partner Points (MSTR). Distribution of
brand dibatasi maksimal 25% dari total penjualan fighting brands was limited to a maximum of 25%
untuk mencegah perang harga. Selain itu, Perseroan of total sales to prevent price war. Furthermore,
juga berupaya untuk menaikkan harga fighting brand the Company strove to gradually increase prices
secara bertahap untuk memperkecil gap dengan for fighting brands to narrow the gap with premium
semen premium agar tidak terjadi kanibalisasi. cement and prevent cannibalization.
Untuk mendukung strategi pemasaran, pada 2025 To support marketing strategy, in 2025, Indocement
Indocement juga melakukan ekspansi footprint untuk also expanded its footprint to improve market
meningkatkan akses pasar, salah satunya dengan access, including by acquiring the strategic Siawung
mengakuisisi terminal Siawung yang memiliki peran terminal, particularly for the central and eastern parts
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strategis, khususnya untuk pasar Indonesia bagian of Indonesia market. For western Indonesia market,
tengah dan bagian timur. Untuk pasar Indonesia bagian the Company added a warehouse in Pandeglang.
barat, Perseroan menambah gudang di Pandeglang. Furthermore, the Company increased its logistics
Selain itu, Perseroan juga meningkatkan kapasitas capacity by entering into a joint venture to acquire
logistik dengan melakukan joint venture untuk Harmoni I vessel (with a capacity of 2,000 tons)
mengakuisisi kapal Harmoni I (dengan kapasitas 2.000 to transport clinker Maros-Banyuwangi, upgraded
ton) untuk mengangkut klinker Maros-Banyuwangi, the loading crane at Tarjun Factory, implemented
meningkatkan loading crane di Kompleks Pabrik Tarjun, Pallet Management Monitoring System at Grobogan
menerapkan Pallet Management Monitoring System di Factory, and utilized GPS/IoT to optimize on-time
Kompleks Pabrik Grobogan, dan memanfaatkan GPS/ delivery routes.
IoT untuk mengoptimalkan rute on-time delivery.
Menyikapi pasar domestik yang melambat, Perseroan In response to the slowing domestic market, the
mendorong penjualan ekspor. Langkah ini dilakukan Company boosted its export sales. This measure is
selain untuk meningkatkan utilisasi kapasitas taken not only to increase factory capacity utilization
pabrik, juga memanfaatkan momentum membaiknya but also to take advantage on the improving market
pasar berkat pemulihan harga semen global pasca- momentum stemming from the recovery in global
fluktuasi energi dan dinamika perdagangan. Pasar cement prices following fluctuations in energy
ekspor prioritas seperti Asia Tenggara dan sekitarnya and trade dynamics. Priority export markets, such
dapat menyerap volume yang cukup tinggi. Hal ini as Southeast Asia and the surrounding areas, can
juga didukung oleh kapal Harmoni I untuk transfer absorb significant volumes. This is also supported
klinker yang lebih efisien dari Maros ke Banyuwangi by the Harmoni I vessel for more efficient clinker
serta meningkatkan fasilitas logistik di Kompleks transfers from Maros to Banyuwangi and the upgrade
Pabrik Tarjun. on logistics facilities at Tarjun Factory.
Pangsa Pasar Market Share
Pangsa pasar Perseroan secara keseluruhan The Company’s overall market share decreased
mengalami penurunan dibandingkan tahun compared to the previous year, from 29.7% in 2024
sebelumnya, yaitu dari 29,7% di 2024 menjadi 29,1% di to 29.1% in 2025. This decline in market share was
2025. Penurunan pangsa pasar tersebut disebabkan due to the declining national cement market and
kondisi pasar semen nasional yang mengalami changes in government policy, including the decline
penurunan dan perubahan kebijakan pemerintah in construction activities in IKN, which resulted in a
termasuk menurunya aktivitas pembangunan IKN decrease in demand for bulk cement and a reduction
sehingga permintaan semen curah mengalami in infrastructure spending.
penurunan serta turunnya anggaran infrastruktur.
Penurunan pangsa pasar Perseroan di 2025 utamanya The decline in the Company’s market share in
dikontribusi oleh penjualan di Pulau Jawa. Pangsa 2025 was mainly contributed by the sales in Java.
pasar Indocement di Pulau Jawa sebesar 35,8% Indocement’s market share in Java was 35.8%, a
lebih rendah 2,0% dibandingkan 2024. Sementara di 2.0% lower from 2024. Meanwhile, outside Java,
luar Pulau Jawa pangsa pasar Indocement 22,0% di Indocement’s market share was 22.0% in 2025, 0.9%
2025 lebih tinggi 0,9% dibandingkan 2024. higher than in 2024.
dalam %
in %
29,1 29,7
2025 2024
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Tinjauan per Segmen Usaha
Overview by Business Segment
Indocement merupakan perusahaan yang bergerak di Indocement is a Company engaged in cement
industri semen. Perseroan melakukan pengembangan industry. The Company develops an integrated
bisnis yang terintegrasi dengan mengembangkan business by developing ready-mix concrete and
bisnis beton siap-pakai dan agregat. aggregate businesses.
Laporan keuangan Perseroan yang telah diaudit oleh According to the Company’s financial statements,
Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan audited by Public Accounting Firm Rintis, Jumadi,
(firma anggota jaringan global PwC), segmen operasi Rianto & Rekan (member firm of the PwC global
Perseroan terbagi dalam tiga kelompok utama, yaitu network), the Company’s operating segments are
semen, beton siap-pakai, dan agregat. divided into three main groups, namely cement,
ready-mix concrete, and aggregate.
Pembagian segmen operasi Perseroan disesuaikan The division of the Company’s operating segments is
dengan PSAK 108 tentang Segmen Operasi. PSAK in accordance with PSAK 108 on Operating Segment.
ini mengatur pengungkapan yang memungkinkan This PSAK regulates disclosures that enable users of
pengguna laporan keuangan untuk mengevaluasi financial statements to evaluate business activities’
sifat dan dampak keuangan dari aktivitas bisnis nature and financial impacts in which the entity
di mana entitas terlibat dan lingkungan ekonomi engages and economic environment wherein the
dimana entitas beroperasi. entity operates.
Pembahasan Tinjauan Operasi per Segmen Usaha The discussion on Operational Overview per Business
pada laporan ini disesuaikan dengan Segmen Operasi Segment in this report is adjusted to the Operating
pada Laporan Keuangan. Segment in the Financial Statements.
0,4% 0,5%
8,4% 7,0%
2024 2025
91,2% 92,4%
Semen Beton Siap-Pakai Agregat
Cement Ready-Mix Concrete Aggregate
Segmen semen masih menjadi kontributor utama The cement segment remains the primary contributor
bagi pendapatan Perseroan. Pada 2025, kontribusi to the Company’s revenue. In 2025, the contribution
segmen semen terhadap pendapatan Perseroan of the cement segment to the Company’s revenue
mencapai 92,4%, mengalami sedikit peningkatan reached 92.4%, reflecting a slight increase compared
dibandingkan tahun sebelumnya dengan kontribusi to the previous year, which had a contribution of
sebesar 91,2%. 91.2%.
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Segmen Semen Cement Segment Perseroan menempatkan segmen usaha semen The Company prioritizes cement business segment sebagai inti dari kegiatan operasionalnya. Dengan as the core of its operations. As one of the largest posisi sebagai salah satu produsen terbesar producers in the national cement industry, the di industri semen nasional, Perseroan mampu Company managed to maintain solid performance mempertahankan kinerja yang solid berkat kualitas due to consistent product quality, extensive produk yang konsisten, jaringan distribusi yang luas, distribution network, and the strength of its well- serta kekuatan merek yang telah dikenal baik oleh known brands. masyarakat. Tahun 2025, kapasitas terpasang produksi semen In 2025, the Company’s installed cement production Perseroan mencapai 33,5 juta ton per tahun. Operasi capacity reached 33.5 million tons per year. Its produksinya tersebar di enam lokasi strategis, yaitu production operations are spread across six di Kabupaten Bogor, Jawa Barat; Kabupaten Cirebon, strategic locations, which are Bogor Regency, West Jawa Barat; Kabupaten Kotabaru, Kalimantan Selatan; Java; Cirebon Regency, West Java; Kotabaru Regency, Kabupaten Maros, Sulawesi Selatan; Kabupaten South Kalimantan; Maros Regency, South Sulawesi; Grobogan, Jawa Tengah, dan Kabupaten Banyuwangi, Grobogan Regency, Central Java; and Banyuwangi Jawa Timur. Produk dari berbagai fasilitas tersebut Regency, East Java. Products from these facilities dipasarkan melalui sejumlah merek ternama seperti are marketed under several well-known brands, Semen Tiga Roda, Semen Rajawali, Semen Jempolan, including Semen Tiga Roda, Semen Rajawali, Semen Duracem (semen slag), Semen Bosowa, Semen Jempolan, Duracem (slag cement), Semen Bosowa, Grobogan, dan Mortar Tiga Roda. Semen Grobogan, and Mortar Tiga Roda. Sebagai pemimpin di industri semen tanah air, As the leader in the national cement industry, Perseroan berkomitmen untuk menjalankan the Company is committed to maintaining high operasional yang berstandar tinggi dan standards and sustainable operations. Recognizing berkelanjutan. Menyadari pentingnya keberlanjutan the importance of sustainability amidst global di tengah tantangan lingkungan global, Perseroan environmental challenges, the Company terus memperkuat upaya pengurangan emisi karbon continuously strengthens efforts to reduce carbon dalam setiap tahap proses produksinya. Salah satu emissions at every stage of its production process. langkah nyata yang dilakukan adalah peningkatan One concrete step conducted is increasing the use pemanfaatan bahan baku serta bahan bakar of more environmentally friendly raw materials and alternatif yang lebih ramah lingkungan. alternative fuels. Selain menerapkan prinsip keberlanjutan pada proses In addition to implementing sustainability principles produksi, Perseroan juga fokus mengembangkan in the production process, the Company also focuses produk semen yang lebih hijau melalui serangkaian on developing greener cement products through a inovasi. Beberapa produk yang telah memenuhi series of innovations. Several products that have kategori semen ramah lingkungan meliputi Semen met the environmentally friendly cement category tipe PPC dan PCC, Semen Hidraulis, serta Semen include PPC and PCC type of Cement, hydraulic Slag. cement, and slag cement. Di luar lini utama semen, Perseroan juga memperluas Beyond its core cement line, the Company also portofolio produknya dengan menghadirkan produk expands its product portfolio by introducing mortar mortar untuk memenuhi kebutuhan segmen products to meet the needs of the commercial pelanggan komersial yang mengutamakan efisiensi customer segment, which prioritizes efficiency and dan kepraktisan tanpa mengorbankan mutu. Produk practicality without sacrificing quality. These mortar mortar tersebut dipasarkan dengan merek TR- products are marketed under the brand names of 10 Mortar Serbaguna, TR-15 Thinbed (perekat bata TR-10 Mortar Serbaguna, TR-15 Thinbed (perekat ringan), TR-18 Perekat Bata Ringan berdaya rekat bata ringan), TR-18 Perekat Bata Ringan with high tinggi, TR-20 Plester Plus, serta TR-30 Acian Putih adhesive strength, TR-20 Plester Plus, and TR-30 Mortar. Acian Putih Mortar. 154 Laporan Tahunan 2025 Annual Report
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Tabel Kapasitas dan Realisasi Produk Semen per Tahun dalam jutaan ton
Table of Capacity and Realization of Cement Production per Year in millions of tons
Tahun Kapasitas Pasar Produksi Realisasi Produksi Utilitas
Year Production Market Capacity Product Realization Utilization
2025* 33,5 18,5 55,2
2024* 33,5 19,6 58,5
2023* 33,5 18,0 58,2**
2022 25,5 15,6 61,1
2021 25,5 16,8 65,8
*
Data sudah termasuk data Kompleks Pabrik Maros, Unit Penggilingan Semen Banyuwangi, dan Kompleks Pabrik Grobogan.
Data includes information from Maros Factory, Banyuwangi Cement Grinding Unit, and Grobogan Factory.
**
Utilisasi Kompleks Pabrik Grobogan dihitung sejak akuisisi.
Utilization of Grobogan Factory has been calculated since the acquisition.
Proses Produksi Semen Cement Production Process
Penambangan Pengeringan dan Penggilingan Bahan Baku
1 Mining 2 Drying and Grinding Raw Material
Alternative
Material
Kuari Pile Raw
Crusher Raw Meal Silos
Quarry Material Mill
Pembakaran dan Pendinginan Penggilingan Akhir Pengepakan
3 Burning and Cooling 4 Finish Mill 5 Packing
Alternative Material
Semen Curah
Alternative
Bulk Cement
Fuel
Gypsum & Additives
Pengepakan Semen Kantong
Packing House Bag Cement
Preheater | Kiln & Cooler | Clinker Silos Cement Mill Cement Silos
Strategi Segmen Semen Cement Segment Strategy
Perseroan mengimplementasikan strategi The Company implements comprehensive strategy
komprehensif di segmen semen tahun 2025 untuk in cement segment in 2025 to address contraction
menghadapi kontraksi permintaan domestik dan in domestic demand and oversupply, with a focus on
oversupply, dengan fokus optimalisasi produksi, production optimization, cost efficiency, and market
efisiensi biaya, dan diversifikasi pasar. Salah satu diversification. One important step carried out by the
langkah penting yang dijalankan Perseroan di segmen Company in cement segment is extending the lease
semen adalah melakukan perpanjangan kontrak sewa contract for PT Semen Bosowa’s production facilities
fasilitas produksi milik PT Semen Bosowa agar dapat to continue increasing penetration, particularly in
terus meningkatkan penetrasi khususnya di wilayah central and eastern Indonesia.
Indonesia tengah dan timur.
Perseroan melakukan diversifikasi output di pabrik The Company diversifies output at Grobogan and
Grobogan dan Maros dengan memproduksi empat Maros factories by producing four types of cement,
jenis semen, termasuk Semen Portland Industri including Industrial Portland Cement, which replaces
yang menggantikan OPC rendah klinker. Selain itu, low-clinker OPC. Furthermore, the implementation
penerapan expert system serta teknologi penggilingan of expert system and new grinding technology
baru meningkatkan kekuatan semen tanpa increases cement strength without excessive fine
penggilingan halus berlebih, didukung penggunaan grinding, supported by utilizing its own materials.
material produksi sendiri.
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Indocement mengoptimalkan integrasi produksi dan Indocement optimizes the integration of production
distribusi untuk mengurangi biaya logistik, terutama and distribution to reduce logistics costs, particularly
di Jawa Tengah, Jawa Timur, serta Indonesia bagian in Central Java, East Java, and eastern Indonesia.
timur. Perseroan memindahkan operasi terminal ke The Company relocates terminal operations to
fasilitas terdekat dan mengakuisisi terminal strategis nearby facilities and acquired strategic terminals
seperti Terminal Siawung serta Terminal Samarinda such as Siawung Terminal and Samarinda Terminal
guna mendukung pasar IKN Nusantara. to support Indonesian capital market.
Selain itu, Perseroan juga mengembangkan tiga pilar Furthermore, the Company also develops three digital
digital untuk mengoptimalkan produksi, penjualan, pillars to optimize production, sales, distribution,
distribusi, serta layanan pelanggan, menjadikan and customer service, making the Company smarter,
perusahaan lebih smarter, faster, dan better. TIRO faster, and better. TIRO is continuously updated to
terus diperbarui untuk memudahkan tim penjualan facilitate sales teams and retailers, while expert
dan retailer, sementara teknologi expert system system technology is enhanced at Grobogan Factory.
ditingkatkan penggunaannya di Kompleks Pabrik These initiatives support the end-to-end process
Grobogan. Inisiatif ini mendukung otomatisasi proses automation to reduce structural costs.
end-to-end guna memangkas biaya struktural.
Kinerja Segmen Semen Cement Segment Performance
dalam ribuan ton
in thousands of tons
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Penjualan Semen Domestik
Domestic Cement Sales
Penjualan Semen Kantong Domestik 13.295 13.551 (257) (1,9)
Sales of Domestic Bagged Cement
Penjualan Semen Curah Domestik 5.477 6.309 (832) (13,2)
Sales of Domestic Bulk Cement
Jumlah Penjualan Semen Domestik 18.772 19.860 (1.088) (5,5)
Total Domestic Cement Sales
Penjualan Semen Ekspor 18 22 (3) (15,8)
Export Cement Sales
Penjualan Klinker Domestik 618 318 300 94,2
Domestic Clinker Sales
Penjualan Klinker Ekspor 533 295 238 80,6
Export Clinker Sales
Jumlah Penjualan 19.941 20.496 (554) (2,7)
Total Sales
Pada 2025, volume penjualan semen dan klinker In 2025, the Company’s sales volume of cement
Perseroan menurun 2,7% menjadi 19.941 ribu ton dari and clinker decreased by 2.7% to 19,941 thousand
20.496 ribu ton di 2024. Penjualan semen kantong tons from 20,496 thousand tons in 2024. The sales
domestik tercatat mengalami penurunan 1,9% of domestic bagged cement recorded a decrease of
menjadi 13.295 ribu ton dari 13.551 ribu ton di 2024, 1.9% to 13,295 thousand tons from 13,551 thousand
demikian juga dengan semen curah domestik yang tons in 2024, as well as domestic bulk cement
mengalami penurunan 13,2% menjadi 5.477 ribu ton decreased by 13.2% to 5,477 thousand tons from
dari 6.309 ribu ton di 2024. 6,309 thousand tons in 2024.
Profitabilitas Segmen Semen Cement Segment Profitability
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Penjualan kepada Pihak Eksternal 16.389 16.914 (525) (3,1)
Sales to External Customers
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Penjualan antar Segmen 444 535 (91) (17,0)
Inter-Segment Sales
Jumlah Penjualan 16.834 17.449 (615) (3,5)
Total Sales
Beban Pokok Pendapatan (11.288) (11.626) 338 (2,9)
Cost of Revenues
Laba Bruto 5.546 5.823 (277) (4,8)
Gross Profit
Penjualan segmen semen pada 2025 mencapai Sales from the cement segment in 2025 reached
Rp16.834 miliar, menurun 3,5% dari tahun Rp16,834 billion, reflecting a decrease of 3.5% from
sebelumnya sebesar Rp17.449 miliar. Beban pokok the previous year, which amounted to Rp17,449
pendapatan segmen semen juga menurun menjadi billion. The cost of revenues for the cement segment
Rp11.288 miliar, sehingga laba bruto yang dibukukan also decreased to Rp11,288 billion, resulting in a gross
Perseroan dari segmen semen di 2025 menjadi profit recorded by the Company from the cement
Rp5.546 miliar, turun 4,8% dari tahun sebelumnya segment in 2025 of Rp5,546 billion, representing a
sebesar Rp5.823 miliar. decrease of 4.8% from the previous year, which was
Rp5,823 billion.
Segmen Beton Siap-Pakai Ready-Mix Concrete Segment
Indocement menjalankan kegiatan usaha di bidang Indocement carries out Ready-Mix Concrete
Beton Siap-Pakai (RMC) melalui entitas anak (RMC) business activities through its subsidiary,
PT Pionirbeton Industri (PBI). Segmen ini merupakan PT Pionirbeton Industri (PBI). This segment is part
bagian dari integrasi bisnis yang dijalankan Perseroan. of business integration carried out by the Company.
PBI mengembangkan berbagai produk inovatif PBI develops various innovative products aimed at
yang ditujukan untuk niche market. Selain itu, PBI niche market. In addition, PBI also provides various
juga menyediakan berbagai jenis produk RMC yang types of RMC products aimed at various needs
ditujukan untuk berbagai kebutuhan dan berbagai and various customer segments, from retail to
segmen pelanggan, mulai dari ritel hingga komersial. commercial. The products offered by PBI are:
Adapun produk yang ditawarkan oleh PBI, antara 1. B-0 and K-100 refer to concrete quality used for
lain: non-structural construction;
1. B-0 dan K-100 adalah mutu beton yang digunakan 2. K-125, K-150, K-175, K-200, K-225, K-250, K-275,
untuk konstruksi non-struktural; and K-300 refer to concrete quality for structural
2. K-125, K-150, K-175, K-200, K-225, K-250, K-275, construction (floor plates, beams, columns,
dan K-300 adalah mutu beton untuk konstruksi roads, etc.);
struktural (plat lantai, balok, kolom, jalan, dsb.); 3. K-350, K-325, K-375, K-400, K-450, and K-500
3. K-350, K-325, K-375, K-400, K-450, dan K-500 refer to concrete quality for special/pre-stressed
adalah beton untuk konstruksi khusus/pratekan; construction;
4. K-300, K-350, K-400, dan K-450 dengan 4. K-300, K-350, K-400, and K-450 are with
spesifikasi percepatan kuat tekan 1 hari, 3 hari, specification of 1-day, 3-day, and 7-day
dan 7 hari; compressive strength acceleration;
5. FS 45 dengan spesifikasi percepatan kuat tekan 3 5. FS 45 with specifications for compressive
jam, 6 jam, 1 hari, 3 hari, dan 7 hari adalah beton strength acceleration of 3 hours, 6 hours, 1 day, 3
untuk rigid construction; days, and 7 days is concrete for rigid construction;
6. FS 45 normal untuk beton rigid construction; 6. FS 45 normal for rigid construction concrete;
7. K-600 s.d K-800: merupakan mutu beton 7. K-600 to K-800: concrete quality for high rise
yang digunakan untuk gedung pencakar langit buildings (high buildings with more than 30
(gedung tinggi dengan lebih dari 30 lantai) yang floors), which allows the reduction of column
memungkinkan pengurangan dimensi balok, or beam dimension and increases economical
meningkatkan manfaat ekonomis bagi pemilik benefit for the owner with higher space capacity;
dengan kapasitas ruang yang lebih tinggi;
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8. Self-compacting concrete yang merupakan beton 8. Self-compacting concrete, a type of concrete
yang dapat mengalir dan tidak memerlukan that can flow and does not require compaction
proses pemadatan. Sangat cocok untuk elemen process. It is really suitable for construction
konstruksi yang memiliki tulangan rapat atau elements that have tight bars or locations that
lokasi yang sulit dijangkau; are difficult to reach;
9. Beton Poros yang merupakan beton khusus 9. Porous Concrete, a special type of concrete with
dengan porositas tinggi dimana memungkinkan air high porosity, which allows water to flow properly
dapat mengalir melalui celah-celah perkerasan through the cracks in pavement. It is suitable for
dengan baik. Cocok untuk trotoar pejalan kaki dan pedestrian walkways and open car parks, wherein
tempat parkir mobil terbuka yang mengalirkan air water can flow to the ground to prevent flooding
ke tanah sehingga dapat menghindari banjir dan and collect rainwater;
untuk menampung air hujan; 10. Fibercrete, a special type of concrete that
10. Fibercrete, merupakan beton khusus yang utilizes synthetic micro and macro fibers. It aims
menggunakan serat mikro dan makro sintetis to increase the tensile strength performance
yang bertujuan untuk meningkatkan kinerja of concrete, reduce the potential for plastic
kekuatan tarik pada beton, mengurangi potensi shrinkage in the short and long term, and enhance
penyusutan plastik pada usia dini dan jangka fire resistance; and
panjang, serta meningkatkan ketahanan api (fire 11. Roller Compacted Concrete (RCC), a type of
resistance); dan concrete with slump of 0, which is applied
11. Roller Compacted Concrete (RCC), merupakan for project construction. It is used with a high
beton dengan slump 0 yang diaplikasikan untuk percentage of Supplementary Cementitious
project bendungan dan digunakan dengan Materials (SCM) to control the heat of hydration
persentase Supplementary Cementitious in mass concrete.
Materials (SCM) tinggi untuk mengontrol panas
hidrasi dalam mass concrete.
Proses Produksi Beton Siap-Pakai Ready-Mix Concrete Production Process
1 Persiapan Pabrik
Plant Readiness
2 Tekan tombol sirene
Press sirine button
3 Tekan tombol start batching di BCC
Press start batching button at BCC
Mulai pemberitahuan pemuatan
Start loading announcement
Mulai
pengadukan
Start mixing
5
1 Status tampilan sistem
System display status
4 Timbangan otomatis
Automatic weighing
Air Proses pengadukan SAND M-SAND
Operator memulai
Water terus berlangsung dan proses pengadukan dan
sistem menurunkan status AGGREGATE CEMENT RECYCLED WATER WATER
sistem secara otomatis
ADVA pengadukan termasuk STORAGE BINS WEIGH HOPPER STORAGE TANK WEIGH HOPPER mengoperasikan seluruh
variasi bahan baku peralatan
D130 Batching continuosly TWIN SHAFT MIXER The operator starts
running and system the batching process,
P26 show batching status AGGREGATE
WEIGH HOPPER ADMIXTURE STORAGE and the system
inci material variance automatically operates
all the equipment
Jika menekan ikon truk, maka dapat melihat
informasi lengkap termasuk nomor telepon
6 Penyelesaian dan pengiriman
Finish and delivery
7 Pelacak truk dengan GPS
Truck GPS tracking
pengemudi
If clicking the truck icon, all details
information can be seen including driver phone
number
Unit No. : T1915
Docket No. : KU1045xxx
Quality : K150
Customer : AC5E002 - AC5ET - WHP HUP, JO
Project : 1800120xxx - ARUMAYA RESIDENCE
Driver : 1442xxx - HARDIANSYA
HP : 0870010xxxxx
Status : OTW to Project
158 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
1. Bahan baku pembuatan beton siap-pakai 1. Raw materials for ready-mix concrete production
seperti semen portland, pasir, split, fly-ash, such as portland cement, sand, split, fly-ash, and
dan admixture yang sesuai dengan standar yang admixture that meet the applicable standards
berlaku disimpan di area batching plant; are stored in the batching plant area;
2. Operator di Beton Control Center (BCC) 2. Operator at Beton Control Center (BCC) operates
mengoperasikan sistem otomatisasi jarak jauh a remote automated system from the head
dari kantor pusat ke setiap batching plant untuk office to start the process of ready-mix concrete
memulai proses pembuatan beton siap-pakai production at each batching plant according
sesuai dengan spesifikasi dan pemesanan dari to the customer specifications and orders. The
pelanggan. Proses dimulainya produksi ditandai production process is started when the siren at
dengan pembunyian sirine di batching plant; the batching plant goes off;
3. Sistem secara otomatis akan memulai proses 3. The system will automatically start the
produksi dan semua peralatan. Operator BCC production process and all equipment. BCC
melakukan pengawasan pada sistem untuk operators supervise the system to ensure the
memastikan proses produksi yakni penimbangan smooth process of production namely automatic
material secara otomatis dan komposisi yang weighing of loaded ingredients and compositions
ter-loading sesuai dengan spesifikasi; dan to specifications; and
4. Beton siap-pakai dikirim menggunakan truk 4. The finished ready-mix concrete is delivered in
mixer, dimana posisi dan kondisi setiap truk ready-mixed concrete trucks whose position
mixer dapat dipantau melalui GPS oleh operator and condition can be monitored through GPS by
di BCC. operators at BCC.
Salah satu keunggulan bersaing PBI adalah karena One competitive advantage of PBI is the fact that it
didukung oleh Indocement yang dikenal memiliki is supported by Indocement, which is known for its
kualitas prima. Selain itu, PBI juga menggunakan prime quality. In addition, PBI also uses raw materials
bahan baku seperti pasir, air, maupun agregat such as sand, water, and aggregate with excellent
dengan kualitas terbaik. Dalam proses produksi, quality. In the production process, PBI also applies
PBI juga telah menggunakan teknologi modern yang modern technology with least human intervention,
minim intervensi manusia, sehingga kualitas beton and thus, producing concrete with more reliable
yang dihasilkan lebih terjamin. PBI juga didukung quality. PBI is also supported strongly by researchers
oleh riset yang sangat kuat untuk menghasilkan to come up with additive materials that are suitable
bahan aditif yang sesuai dengan jenis mutu beton for the types of concrete quality produced.
yang diproduksi.
Strategi Segmen Beton Siap-Pakai Ready-Mix Concrete Segment Strategy
Bisnis beton siap-pakai (ready-mix concrete/ The ready-mix concrete (RMC) business is one of the
RMC) merupakan salah satu pilar strategis bagi Company’s strategic pillars. The business, operated
Perseroan. Bisnis yang dijalankan oleh entitas anak, by its subsidiary, PT Pionirbeton Industri (PBI), has
PT Pionirbeton Industri (PBI), telah beroperasi sejak been operating since 1991. This segment supports
1991. Segmen ini mendukung visi Perseroan sebagai the Company’s vision of becoming a major player in
pemain utama di pasar RMC khususnya di Pulau RMC market, particularly in Java and Sumatra, by
Jawa dan Sumatra, dengan pemanfaatan semen utilizing internal cement for supply chain efficiency.
internal untuk efisiensi rantai pasok.
Di tengah tantangan pasar seperti penurunan Amid market challenges such as declining demand
permintaan akibat minimnya proyek infrastruktur due to a lack of new infrastructure projects and an
baru dan kelebihan pasokan industri semen, oversupply in the cement industry, the Company
Perseroan menerapkan strategi penyesuaian harga implements a gradual pricing adjustment strategy
secara bertahap guna menjaga daya saing dengan to maintain competitiveness while maintaining the
tetap fokus pada efisiensi biaya operasional. focus on operational cost efficiency.
Perseroan memperkuat integrasi vertikal dengan The Company strengthens its vertical integration
mencari sumber agregat dari luar Jawa untuk by sourcing aggregate from outside Java to address
mengatasi keterbatasan pasokan lokal akibat local supply constraints due to regulations such as
regulasi seperti ODOL, khususnya di Jawa Barat, ODOL, particularly in West Java, also maximizes the
Laporan Tahunan 2025 Annual Report 159
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serta memaksimalkan penggunaan semen hidraulis use of hydraulic cement to replace natural sand for
untuk menggantikan pasir alam demi penghematan cost savings and sustainability.
biaya dan keberlanjutan.
Pada 2025, PBI menerapkan strategi pemasaran In 2025, PBI implemented a marketing strategy
yang berfokus pada sinergi mitra dan ekspansi focused on partner synergy and distribution network
jaringan distribusi untuk mengatasi tantangan pasar expansion to address RMC market challenges
RMC seperti penurunan permintaan infrastruktur. such as declining infrastructure demand. One of
Salah satu strategis yang dilakukan adalah dengan the strategies carried out was the formation of a
pembentukan usaha patungan PT Mortar Prakarsa joint venture between PT Mortar Prakarsa Utama
Utama (MPU) dengan PT Cipta Mortar Utama (MPU) and PT Cipta Mortar Utama (Saint-Gobain) in
(Saint-Gobain) pada Desember 2025, di mana PBI December 2025, wherein PBI sold 60% of its shares in
menjual 60% kepemilikan sahamnya di MPU untuk MPU to take advantage of the partner’s distribution
memanfaatkan kekuatan distribusi dan pemasaran and marketing strength, including 29,000 national
mitra yang mencakup 29.000 titik penjualan nasional, sales points, while strengthening Mortar TR brand,
sambil memperkuat merek Mortar TR seperti TR-30, including TR-30, TR-10, TR-15, and TR-20.
TR-10, TR-15, dan TR-20.
Selain itu, ekspansi jaringan juga menjadi prioritas Furthermore, network expansion becomes a top
utama, termasuk pembukaan batching plant baru priority, including the opening of a new batching
di Bali dan peningkatan suplai untuk proyek khusus plant in Bali and increasing supply for specialized
seperti underwater concrete, dengan penargetan projects such as underwater concrete, targeting the
segmen SME, ritel, serta proyek komersial untuk SME segment, retail, and commercial projects to
diversifikasi pelanggan. diversify customers.
Keberlanjutan dan keselamatan menjadi fondasi Sustainability and safety are the foundation of
strategi jangka panjang, melalui pengembangan the long-term strategy, through the development
batching plant yang lebih ramah lingkungan, upgrade of more environmentally friendly batching plants,
sistem safety di seluruh fasilitas, serta digitalisasi upgraded safety systems throughout the facility,
proses untuk optimalisasi produksi dan pengiriman. and process digitalization to optimize production
and delivery.
Tahun Lokasi (Kota) Truk Mixer
Batching Plant
Year Location (City) Mixer Truck
2025 20 30 397
2024 22 34 450
2023 22 32 388
2022 24 37 373
2021 24 39 409
Kinerja dan Profitabilitas Segmen Beton Siap- Ready-Mix Concrete Segment Performance and
Pakai Profitability
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Penjualan kepada Pihak Eksternal 1.247 1.560 (313) (20,1)
Sales to External Customers
Penjualan antar Segmen 271 229 42 18,3
Inter-Segment Sales
Jumlah Penjualan 1.518 1.789 (271) (15,1)
Total Sales
Beban Pokok Penjualan (1.418) (1.674) 256 (15,3)
Cost of Goods Sold
Laba Bruto 100 115 (15) (13,0)
Gross Profit
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Sepanjang 2025, PBI membukukan penjualan sebesar Throughout 2025, PBI recorded sales amounting to
Rp1.518 miliar, menurun 15,1% dari tahun sebelumnya Rp1,518 billion, reflecting a decrease of 15.1% from
sebesar Rp1.789 miliar. Penurunan penjualan the previous year, which was Rp1,789 billion. This
tersebut diiringi dengan penurunan beban pokok decrease in sales was accompanied by a fall in cost
penjualan sebesar 15,3%. Laba bruto yang dibukukan of goods sold of 15.3%. The gross profit recorded by
PBI di 2025 mencapai Rp100 miliar, menurun 13,0% PBI in 2025 reached Rp100 billion, representing a
dari tahun sebelumnya sebesar Rp115 miliar. decrease of 13.0% from the previous year, which was
Rp115 billion.
Segmen Agregat Aggregate Segment
Proses Produksi Segmen Agregat Aggregate Segment Production Process
1 Penambangan
Mining
2 Penghancuran dan Penyaringan
Crushing and Screening
KUARI EKSKAVATOR TRUK JAW CRUSHER AND
QUARRY EXCAVATOR TRUCK CONE CRUSHER
3 Penyimpanan
Stockpiling
4 Pengiriman
Delivery
STONE STOCKPILING PENGIRIMAN KE PELANGGAN
DELIVERY TO CUSTOMER
Segmen agregat dikelola melalui dua anak usaha The aggregate segment is managed through two
Perseroan, yaitu PT Mandiri Sejahtera Sentra of the Company’s subsidiaries, namely PT Mandiri
di Purwakarta, Jawa Barat, dan PT Tarabatuh Sejahtera Sentra in Purwakarta, West Java, and
Manunggal di Cariu, Jawa Barat. Kedua entitas ini PT Tarabatuh Manunggal in Cariu, West Java. These
berperan strategis dalam mendukung operasional two entities play a strategic role in supporting ready-
beton siap-pakai dengan menjamin pasokan andesit mix concrete operations by ensuring the supply of
serta M-sand (pasir industri) yang berkualitas tinggi high-quality andesite and M-sand (manufactured
sebagai bahan baku utama produksi RMC untuk sand), the main raw materials of RMC production for
berbagai proyek konstruksi. various construction projects.
Meskipun fokus utama adalah kebutuhan internal, While this segment’s main focus is on internal
kapasitas produksi yang memadai memungkinkan needs, the adequate production capacity allows
pemasaran produk agregat ke pelanggan eksternal for the marketing of aggregate products to external
di industri konstruksi lainnya. Pada 2025, produksi customers in other construction industries. In
agregat berhasil meningkat signifikan, terutama 2025, aggregate production managed to increase
dari tambang Purwakarta yang kinerjanya membaik, significantly, particularly from Purwakarta quarry,
sehingga memperkuat ketahanan rantai pasok whose performance improved, thus strengthening
secara keseluruhan. the resilience of the overall supply chain.
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Strategi Segmen Agregat Aggregate Segment Strategy
Pada 2025, Perseroan menerapkan strategi fokus pada In 2025, the Company implemented a strategy focused
peningkatan produksi agregat andesit dan M-sand on increasing andesite and M-sand aggregate production
untuk mendukung kebutuhan internal beton siap- to support internal ready-mix concrete (RMC) demand,
pakai (RMC), di tengah tantangan regulasi ODOL yang amidst the challenges from ODOL regulations that
menaikkan biaya distribusi. Produksi secara keseluruhan increased distribution costs. The overall production
meningkat signifikan, terutama di tambang Purwakarta increased significantly, particularly at Purwakarta quarry,
yang kinerjanya membaik meskipun pasar agregat turun whose performance improved despite the decline in
secara nasional akibat keterbatasan pasokan lokal. aggregate market nationally due to limited local supply.
Strategi utama mencakup penguatan penjualan The main strategy includes strengthening external
eksternal dengan menaikkan harga agregat seiring sales by increasing aggregate prices in line with rising
biaya logistik yang melonjak, sambil mempertahankan logistics costs, while prioritizing internal supply to
prioritas pasokan internal untuk menjaga efisiensi maintain RMC efficiency and reduce dependence on
RMC dan mengurangi ketergantungan impor dari imports from outside Java. The Company remains
luar Jawa. Perseroan tetap berkonsentrasi pada focused on its two main quarries, ensuring the
dua tambang utama, memastikan kualitas dan quality and availability of strategic materials without
ketersediaan material strategis tanpa ekspansi baru new expansion amidst sluggish market conditions.
di tengah kondisi pasar yang lesu.
Keberlanjutan menjadi elemen kunci, dengan evaluasi Sustainability becomes the key element, with
potensi baru di wilayah lain sambil menerapkan the Company evaluating potential new quarries in
cost leadership dan optimalisasi operasional untuk other regions while implementing cost leadership
mitigasi risiko regulasi, sehingga mendukung target and operational optimization to mitigate regulatory
EBITDA margin Perseroan meskipun volume pasar risks, thus supporting the Company’s EBITDA margin
menurun. target despite declining market volumes.
Kinerja dan Profitabilitas Segmen Agregat Aggregate Segment Performance and Profitability
Pada 2025, produksi agregat Perseroan menurun In 2025, the Company’s aggregate production
menjadi 2.241 ribu ton dari tahun sebelumnya decreased by 2,241 thousand tons from that of
sebanyak 2.337 ribu ton. Penurunan produksi tersebut the previous year of 2,337 thousand tons. Such
juga diimbangi dengan penurunan penjualan menjadi production decrease was also followed by a decrease
sebanyak 2.033 ribu ton dari tahun sebelumnya in sales to 2,033 thousand tons from 2,116 thousand
sebanyak 2.116 ribu ton. tons in the previous year.
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Penjualan kepada Pihak Eksternal 95 75 20 26,8
Sales to External Customers
Penjualan antar Segmen 158 177 (19) (10,7)
Inter-Segment Sales
Jumlah Penjualan 252 252 0 0,2
Total Sales
Beban Pokok Penjualan (133) (133) 0 0,4
Cost of Goods Sold
Laba Bruto 119 119 0 (0,1)
Gross Profit
Penjualan segmen agregat meningkat 0,2% menjadi Sales from the aggregate segment rose by 0.2% to
Rp252 miliar, dari tahun sebelumnya. Hal tersebut Rp252 billion, compared to the previous year. This
diiringi dengan peningkatan beban pokok penjualan was accompanied by a rise in the cost of goods
sebesar 0,4%, sehingga laba bruto menurun 0,1% sold of 0.4%, resulting in decrease of gross profit by
menjadi Rp119 miliar dari tahun sebelumnya. 0.1% tp Rp119 billion compared to the previous year.
162 Laporan Tahunan 2025 Annual Report
Page 163
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tinjauan Keuangan
Financial Overview
Analisa dan pembahasan kinerja keuangan pada The discussion and analysis of the financial
laporan tahunan ini mengacu pada Laporan performance in this annual report refers to the
Keuangan. Laporan keuangan konsolidasian untuk Financial Statements. The consolidated financial
tahun yang berakhir tanggal 31 Desember 2025 telah statements for the year ended 31 December 2025
diaudit oleh Kantor Akuntan Publik Rintis, Jumadi, was audited by Public Accounting Firm Rintis,
Rianto & Rekan (firma anggota jaringan global PwC) Jumadi, Rianto & Rekan (member firm of PwC global
dan mendapat opini wajar, dalam semua hal yang network) and received an unmodified opinion.
material. Laporan posisi keuangan konsolidasian Consolidated statements of financial position of
Indocement pada 31 Desember 2025, serta Indocement as of 31 December 2025, as well as the
laporan laba rugi dan penghasilan komprehensif consolidated statements of profit or loss and other
lain konsolidasian, laporan perubahan ekuitas comprehensive income, consolidated statements of
konsolidasian, dan laporan arus kas konsolidasian changes in equity, and consolidated statements of
untuk tahun yang berakhir pada tanggal tersebut, cash flows for the year then ended, are prepared in
disusun sesuai dengan Standar Akuntansi Keuangan accordance with the Financial Accounting Standards
di Indonesia. in Indonesia.
Laporan Posisi Keuangan Konsolidasian Consolidated Statements of Financial
Position
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Aset 31.725 30.420 1.305 4,3
Assets
Liabilitas 8.522 8.306 216 2,6
Liabilities
Ekuitas 23.203 22.114 1.089 4,9
Equity
Posisi keuangan Perseroan pada 2025 menunjukkan The Company’s financial position in 2025
penguatan yang sangat baik. Hal tersebut ditandai demonstrated a very strong improvement. This
dengan pertumbuhan aset sebesar 4,3% menjadi was marked by an asset growth of 4.3%, reaching
Rp31.725 miliar dan peningkatan ekuitas sebesar Rp31,725 billion, and an increase in equity of 4.9%,
4,9% menjadi Rp23.203 miliar. Jumlah liabilitas amounting to Rp23,203 billion. On the other hand,
Perseroan juga mengalami peningkatan sebesar 2,6% the Company’s total liabilities experienced an
menjadi Rp8.522 miliar. Dengan kondisi tersebut, increase of 2.6% to Rp8,522 billion. With these
Perseroan memiliki potensi yang sangat besar untuk conditions, the Company has significant potential to
dapat meraih pertumbuhan usaha di tahun-tahun achieve business growth in the coming years.
mendatang.
Aset Assets
Jumlah aset Perseroan pada akhir 2025 tercatat The Company’s total assets at the end of 2025 were
sebesar Rp31.725 miliar, meningkat 4,3%, recorded at Rp31,725 billion, reflecting an increase
dibandingkan tahun sebelumnya sebesar Rp30.420 of 4.3%, compared to the same period the previous
miliar. Peningkatan ini terutama disebabkan oleh year, which amounted to Rp30,420 billion. This
kenaikan kas dan setara kas serta peningkatan increase was mainly driven by higher cash and cash
investasi pada entitas asosiasi, diimbangi dengan equivalents as well as an increase in investments in
penurunan persediaan. associates, with a decrease in inventories.
Laporan Tahunan 2025 Annual Report 163
Page 164
Pada 2025, komposisi aset Indocement utamanya In 2025, the composition of Indocement’s assets
masih berupa aset tidak lancar, yaitu sebesar primarily consisted of non-current assets, amounting
Rp20.510 miliar atau setara dengan 64,6% dari jumlah to Rp20,510 billion, which was equivalent to 64.6%
aset Perseroan. Sedangkan jumlah aset lancar 2025 of the Company’s total assets. Meanwhile, the total
sebesar Rp11.215 miliar atau setara dengan 35,4% current assets in 2025 amounted to Rp11,215 billion,
dari jumlah aset Perseroan. Komposisi tersebut representing 35.4% of the Company’s total assets.
relatif tidak mengalami perubahan dibandingkan This composition remained relatively unchanged
tahun sebelumnya. compared to the previous year.
65,8% 64,6%
34,2% 35,4%
2024 2025
Aset Lancar Aset Tidak Lancar
Current Assets Non Current Assets
Aset Lancar Current Assets
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Kas dan Setara Kas 5.873 4.497 1.376 30,6
Cash and Cash Equivalents
Piutang Usaha 2.751 2.838 (87) (3,1)
Trade Receivables
Piutang Lain-lain-Pihak Berelasi 61 42 19 45,2
Other Receivables-Related Parties
Piutang Lain-lain-Pihak Ketiga 92 132 (40) (30,3)
Other Receivables-Third Parties
Persediaan – Neto 2.177 2.593 (416) (16,0)
Inventories - Net
Uang Muka dan Jaminan 181 189 (8) (4,2)
Advances and Deposits
Pajak Dibayar di Muka 30 41 (11) (26,8)
Prepaid Taxes
Beban Dibayar di Muka 51 57 (6) (10,5)
Prepaid Expenses
Jumlah Aset Lancar 11.215 10.389 826 8,0
Total Current Assets
164 Laporan Tahunan 2025 Annual Report
Page 165
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Jumlah aset lancar per 31 Desember 2025 tercatat The total current assets as of 31 December 2025
sebesar Rp11.215 miliar, meningkat Rp826 miliar were recorded at Rp11,215 billion, an increase of
atau 8,0% dibandingkan periode yang sama di tahun Rp826 billion or 8.0% compared to the same period
sebelumnya sebesar Rp10.389 miliar. Peningkatan in the previous year, which was Rp10,389 billion.
ini terutama didorong oleh kenaikan kas dan setara This increase was mainly driven by higher cash
kas yang berasal dari penerimaan atas pelepasan and cash equivalents, resulting from proceeds
entitas anak serta didukung oleh kuatnya arus kas from the disposal of a subsidiary and supported by
operasional. Di sisi lain, persediaan mengalami strong operating cash flows. Meanwhile, inventories
penurunan yang dipengaruhi oleh peningkatan decreased, influenced by the increased use of
penggunaan bahan bakar alternatif dan bahan alternative fuels and alternative raw materials in the
baku alternatif dalam proses produksi, serta production process, and also reflecting improved
mencerminkan optimalisasi pengelolaan. inventory management.
Aset Tidak Lancar Non Current Assets
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Aset Pajak Tangguhan-Neto 25 30 (5) (16,7)
Deferred Tax Assets-Net
Investasi pada Entitas Asosiasi 580 261 319 122,2
Investment in Associates
Aset Tetap-Neto 18.862 18.747 115 0,6
Fixed Assets-Net
Properti Investasi-Neto 9 13 (4) (30,8)
Investment Properties-Net
Aset Takberwujud-Neto 528 541 (13) (2,4)
Intangible Assets-Net
Goodwill 133 133 0 0,0
Aset Keuangan Tidak Lancar Lainnya 143 132 11 8,3
Other Non-Current Financial Assets
Aset Tidak Lancar Lainnya 230 174 56 32,2
Other Non-Current Assets
Jumlah Aset Tidak Lancar 20.510 20.031 479 2,4
Total Non-Current Assets
Jumlah aset tidak lancar per 31 Desember 2025 The total non-current assets as of 31 December
tercatat sebesar Rp20.510 miliar, naik Rp479 miliar 2025 were recorded at Rp20,510 billion, an increase
atau 2,4% dibandingkan periode yang sama di tahun of Rp479 billion or 2.4% compared to Rp20,031
sebelumnya sebesar Rp20.031 miliar. Peningkatan billion of the same period in the previous year. This
ini terutama berasal dari kenaikan investasi pada increase mainly resulted from higher investments in
entitas asosiasi, khususnya PT Mortar Prakarsa associates, particularly PT Mortar Prakarsa Utama, in
Utama, sejalan dengan langkah strategis Perseroan line with the Company’s strategic initiative through
melalui kemitraan dengan PT Cipta Mortar Utama its partnership with PT Cipta Mortar Utama (part of
(bagian dari Saint-Gobain Group) dalam memperkuat the Saint-Gobain Group) to strengthen its mortar
bisnis mortar dan memenuhi permintaan konstruksi business and meet Indonesia’s growing construction
yang terus meningkat di Indonesia. demand.
Liabilitas Liabilities
Jumlah liabilitas Perseroan pada akhir 2025 tercatat The Company’s total liabilities at the end of 2025
sebesar Rp8.522 miliar, naik 2,6%, dibandingkan were recorded at Rp8,522 billion, an increase of
periode yang sama tahun sebelumnya sebesar 2.6%, compared to Rp8,306 billion of the same
Rp8.306 miliar. period in the previous year.
Laporan Tahunan 2025 Annual Report 165
Page 166
Pada 2025, komposisi liabilitas Indocement utamanya In 2025, the composition of Indocement’s liabilities
masih berupa liabilitas jangka pendek, yaitu sebesar was mainly current liabilities, which amounted to
Rp6.104 miliar atau setara dengan 71,6% dari jumlah Rp6,104 billion, equivalent to 71.6% of the Company’s
liabilitas Perseroan. Sedangkan jumlah liabilitas total liabilities. Meanwhile, the total non-current
jangka panjang 2025 sebesar Rp2.418 miliar atau liabilities in 2025 were Rp2,418 billion or equivalent
setara dengan 28.4% dari jumlah liabilitas Perseroan. to 28.4% of the Company’s total liabilities. This
Komposisi tersebut relatif mengalami perubahan composition was relatively changed compared to
dibandingkan tahun sebelumnya. that of the previous year.
86,4% 71,6%
13,6% 28,4%
2024 2025
Liabilitas Jangka Panjang Liabilitas Jangka Pendek
Non-Current Liabilities Current Liabilities
Liabilitas Jangka Pendek Current Liabilities
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Utang Bank Jangka Pendek 1.000 2.000 (1.000) (50,0)
Short-Term Bank Loan
Utang Usaha 1.609 1.791 (182) (10,2)
Trade Payables
Utang Lain-Lain 1.002 999 3 0,3
Other Payables
Uang Jaminan Pelanggan 114 94 20 21,3
Customers’ Deposits
Akrual 1.131 1.267 (136) (10,7)
Accruals
Utang Pajak 396 284 112 39,4
Taxes Payables
Liabilitas Imbalan Kerja Jangka Pendek 431 407 24 5,9
Short-Term Employee Benefit Liabilities
Liabilitas Sewa yang Jatuh Tempo dalam Satu Tahun 421 333 88 26,4
Current Maturities of Lease Liabilities
Jumlah Liabilitas Jangka Pendek 6.104 7.175 (1.071) (14,9)
Total Current Liabilities
166 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Jumlah liabilitas jangka pendek per 31 Desember The total current liabilities as of 31 December 2025
2025 tercatat sebesar Rp6.104 miliar, turun Rp1.071 were recorded at Rp6,104 billion, a decrease of Rp1,071
miliar atau 14,9% dibandingkan periode yang sama di billion or 14.9% compared to Rp7,175 billion of the
tahun sebelumnya sebesar Rp7.175 miliar. Penurunan same period in the previous year. This decrease was
ini terutama disebabkan oleh berkurangnya mainly due to a reduction in trade payables in line
utang usaha sejalan dengan efisiensi operasional, with operational efficiency, as well as a decrease in
serta penurunan utang bank jangka pendek yang short-term bank loans reflecting the reclassification
mencerminkan reklasifikasi utang bank sebesar of Rp1,000 billion of bank debt from short-term to
Rp1.000 miliar dari jangka pendek ke jangka panjang, long-term, thereby indicating an improvement in the
sehingga menunjukkan perbaikan profil jatuh tempo Company’s liability maturity profile.
liabilitas Perseroan.
Liabilitas Jangka Panjang Non-Current Liabilities
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Utang Bank Jangka Panjang 1.000 - 1.000 100,0
Long-term bank loan
Liabilitas Sewa setelah Dikurangi Bagian yang Jatuh Tempo 322 106 216 203,8
dalam Satu Tahun
Lease Liabilities - Net of Current Maturities
Liabilitas Pajak Tangguhan - Neto 598 535 63 11,8
Deferred Tax Liabilities - Net
Liabilitas Imbalan Kerja Jangka Panjang 364 364 0 0,0
Long-Term Employee Benefit Liabilities
Provisi Jangka Panjang 134 126 8 6,4
Long-Term Provisions
Jumlah Liabilitas Jangka Panjang 2.418 1.131 1.287 113,8
Total Non-Current Liabilities
Jumlah liabilitas jangka panjang per 31 Desember The total non-current liabilities as of 31 December
2025 tercatat sebesar Rp2.418 miliar, naik Rp1.287 2025 were recorded at Rp2,418 billion, an increase of
miliar atau 113,8% dibandingkan periode yang Rp1,287 billion or 113.8% compared to Rp1,131 billion
sama di tahun sebelumnya sebesar Rp1.131 miliar. of the same period in the previous year. This increase
Peningkatan ini terutama berasal dari pengakuan mainly resulted from the recognition of long-term
utang bank jangka panjang sebesar Rp1.000 miliar bank loans amounting to Rp1,000 billion, which were
yang merupakan hasil reklasifikasi dari utang jangka reclassified from short-term borrowings as part
pendek, sebagai bagian dari strategi Perseroan dalam of the Company’s strategy to optimize its liability
mengoptimalkan profil jatuh tempo liabilitas. Selain maturity profile. In addition, the increase was also
itu, kenaikan juga dipengaruhi oleh peningkatan influenced by higher lease liabilities in line with the
liabilitas sewa seiring dengan perpanjangan kontrak extension of the Maros Plant operational contract.
operasional kompleks pabrik Maros.
Ekuitas Equity
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Modal Saham 1.758 1.841 (83) (4,5)
Capital Stock
Tambahan Modal Disetor 843 2.699 (1.856) (68,8)
Additional Paid-In Capital
Laporan Tahunan 2025 Annual Report 167
Page 168
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Saham Treasury (1.663) (3.309) 1.646 (49,7)
Treasury Shares
Saldo Laba
Retained Earnings
Dicadangkan 400 400 0 0,0
Appropriated
Belum Dicadangkan 21.865 20.484 1.381 6,7
Unappropriated
Jumlah Ekuitas 23.203 22.114 1.089 4,9
Total Equity
Jumlah ekuitas Perseroan pada akhir 2025 tercatat The Company’s total equity at the end of 2025 was
sebesar Rp23.203 miliar, meningkat Rp1.089 miliar recorded at Rp23,203 billion, an increase of Rp1,089
atau 4,9% dibandingkan periode yang sama tahun billion or 4.9% compared to Rp22,114 billion of the
sebelumnya sebesar Rp22.114 miliar. Peningkatan same period in the previous year. The increase in
ekuitas terutama didorong oleh laba tahun berjalan, equity was mainly driven by the current year’s
diimbangi oleh pembagian dividen tunai kepada profit, partially reduced by the distribution of cash
pemegang saham serta pelaksanaan pembelian dividends to shareholders as well as the purchase of
kembali saham treasury. treasury shares.
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian and Other Comprehensive Income
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Pendapatan Neto 17.731 18.549 (818) (4,4)
Net Revenues
Beban Pokok Pendapatan (11.961) (12.488) (527) (4,2)
Cost of Revenues
Laba Bruto 5.770 6.061 (291) (4,8)
Gross Profit
Beban Usaha (3.683) (3.725) (42) (1,1)
Operating Expenses
Keuntungan atas Divestasi dan Pengukuran Kembali Investasi 670 - 670 100,0
pada Entitas Asosiasi
Gain on Divestment and Remeasurement of Investment in an
Associate
(Beban)/Penghasilan Lain - Neto (50) 58 (108) (186,2)
Other (Expenses)/Income - Net
Pendapatan Keuangan 207 133 74 55,6
Finance Income
Biaya Keuangan (173) (182) (9) (5,0)
Finance Costs
Bagian atas Laba Bersih Entitas Asosiasi – Neto 37 145 (108) (74,5)
Share of Net Profit of Associates – Net
Pajak Final (42) (28) 14 50,0
Final Tax
Laba sebelum Beban Pajak Penghasilan 2.736 2.463 273 11,1
Profit Before Income Tax Expense
168 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Beban Pajak Penghasilan - Neto (488) (455) (33) 7,2
Income Tax Expense - Net
Laba Tahun Berjalan 2.249 2.008 241 12,0
Profit for the Year
Penghasilan Komprehensif Lain
Other Comprehensive Income
Pos-pos yang Tidak Akan Direklasifikasi ke Laba Rugi
Items that Will Not Be Reclassified to Profit or Loss
Keuntungan Pengukuran Kembali Liabilitas Imbalan Kerja (1) 15 (16) (106,7)
Re-measurement Gain on Employee Benefit Liabilities
Pajak Penghasilan Terkait 0 (3) 3 (100,0)
Related Income Tax
(1) 12 (13) (108,3)
Pos-pos yang Akan Direklasifikasi ke Laba Rugi
Items that Will Be Reclassified to Profit or Loss
Mutasi Neto Lindung Nilai Arus Kas 0 0 0 0,0
Net Movement on Cash Flow Hedge
Pajak Penghasilan Terkait 0 0 0 0,0
Related Income Tax
0 0 0 0,0
Penghasilan Komprehensif Lain Tahun Berjalan, Setelah Pajak 0 12 (12) (100,0)
Other Comprehensive Income for the Year, Net of Tax
Jumlah Penghasilan Komprehensif Tahun Berjalan 2.248 2.020 228 11,3
Total Comprehensive Income for the Year
Laba Tahun Berjalan yang Dapat Diatribusikan Kepada:
Profit for the Year Attributable to:
Pemilik Entitas Induk 2.249 2.008 241 12,0
Owners of the Parent
Kepentingan Nonpengendali 0 0 0 0
Non-controlling Interests
2.249 2.008 241 12,0
Jumlah Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan Kepada:
Total Comprehensive Income for the Year Attributable to:
Pemilik Entitas Induk 2.248 2.020 228 11,3
Owners of the Parent
Kepentingan Nonpengendali 0 0 0 0
Non-controlling Interests
2.248 2.020 228 11,3
Laba per Saham Dasar (dalam Rupiah penuh) 674,50 591,49 83 14,0
Basic Earnings per Share (in full Rupiah)
Pendapatan Neto Net Revenues
Di tengah berbagai tantangan yang dihadapi Amid various challenges faced throughout 2025,
sepanjang 2025, Indocement membukukan Indocement was record a net revenue decrease
penurunan pendapatan neto sebesar 4,4%, yaitu dari of 4.4%, from Rp18,549 billion in 2024 to Rp17,731
Rp18.549 miliar di 2024 menjadi Rp17.731 miliar di billion in 2025.
2025.
Laporan Tahunan 2025 Annual Report 169
Page 170
Pendapatan Neto per Segmen Usaha Net Revenues per Business Segment
dalam miliaran Rupiah
in billions of Rupiah
Perubahan
2025 2024
Uraian Changes
Description Komposisi Komposisi
Rp Rp Rp %
Composition Composition
Semen 16.389 92,4 16.914 91,2 (525) (3,1)
Cement
Beton Siap-Pakai 1.247 7,0 1.560 8,4 (313) (20,1)
Ready-Mix Concrete
Agregat 95 0,5 75 0,4 20 26,1
Aggregate
Jumlah Pendapatan Neto 17.731 100,0 18.549 100,0 (818) (4,4)
Total Net Revenues
Segmen usaha semen masih menjadi contributor Cement business segment was still the main
utama bagi pendapatan neto Perseroan 2025, contributor to the Company’s net revenues 2025,
yaitu sebesar Rp16.389 miliar atau setara dengan which was Rp16,389 billion or equivalent to 92.4.%
92,4% dari total pendapatan neto Perseroan. of the Company’s total net revenues. Compared to
Dibandingkan tahun sebelumnya, pendapatan neto the previous year, the net revenues from cement
dari segmen usaha semen mengalami penurunan business segment decreased by 3.1%, in which
3,1%, di mana pada 2024 pendapatan neto dari in 2024, the net revenues from cement business
segmen usaha semen tercatat sebesar Rp16.914 segment were recorded at Rp16,914 billion. The
miliar. Penurunan tersebut terutama dipengaruhi decline was mainly driven by challenging market
oleh kondisi pasar yang masih menantang, ditandai conditions, characterized by weakening domestic
dengan melemahnya permintaan semen domestik, cement demand, industry overcapacity leading to
kelebihan kapasitas industri yang menekan tingkat lower utilization rates, as well as increasing price
utilisasi, serta meningkatnya persaingan harga. competition.
Pada 2025 segmen usaha beton siap-pakai juga In 2025, the ready-mix concrete business segment
mengalami penurunan pendapatan neto sebesar also experienced a net revenue decrease of 20.1% to
20,1% menjadi Rp1.247 miliar. Sedangkan, posisi Rp1,247 billion. Meanwhile, the aggregate business
segmen usaha agregat mengalami peningkatan segment position increased by 26.1% to Rp95 billion.
sebesar 26,1% menjadi Rp95 miliar.
Pendapatan Neto per Segmen Geografis Net Revenues per Geographical Segment
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Domestik
Domestic
• Jawa | Java 11.830 12.654 (824) (6,5)
• Luar Jawa | Outside Java 5.621 5.701 (80) (1,4)
Jumlah Domestik 17.450 18.355 (905) (4,9)
Total Domestic
Ekspor 281 194 87 44,8
Export
Jumlah 17.731 18.549 (818) (4,4)
Total
170 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Pendapatan neto Perseroan pada 2025 utamanya The Company’s net revenues in 2025 primarily
masih berasal dari penjualan dalam negeri, yaitu derived from domestic sales, amounting to Rp17,450
mencapai Rp17.450 miliar atau mencapai 98,4% billion or 98.4% of total net revenues. The 4.9%
dari total pendapatan neto Perseroan. Penurunan decline in domestic revenues to Rp17,450 billion was
pendapatan domestik sebesar 4,9% menjadi mainly attributable to challenging market conditions,
Rp17.450 miliar terutama disebabkan oleh kondisi characterized by weakening domestic cement
pasar yang masih menantang, ditandai dengan demand, industry overcapacity leading to lower
melemahnya permintaan semen domestik, kelebihan utilization rates, and increasing price competition.
kapasitas industri yang menekan tingkat utilisasi, This decline was primarily observed in the Java
serta meningkatnya persaingan harga. Penurunan ini region, which remains the main contributor, with
terutama terjadi di wilayah Jawa yang masih menjadi revenues decreasing by 6.5% to Rp11,830 billion, in
kontributor utama, dengan penurunan sebesar 6,5% line with the intense competition in this key market.
menjadi Rp11.830 miliar, sejalan dengan tingginya
tingkat persaingan di pasar utama tersebut.
Di sisi lain, pendapatan ekspor meningkat sebesar Meanwhile, export revenues increased by 44.8%
44,8% menjadi Rp281 miliar, yang terutama didorong to Rp281 billion, mainly driven by the Company’s
oleh upaya Perseroan dalam mengoptimalkan efforts to optimize sales to export markets as an
penjualan ke pasar ekspor sebagai alternatif di alternative in response to weak domestic demand,
tengah lemahnya permintaan domestik serta untuk as well as to improve capacity utilization.
meningkatkan utilisasi kapasitas produksi.
Beban Pokok Pendapatan Cost of Revenues
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Bahan Baku yang Digunakan 2.682 2.752 (71) (2,6)
Raw Materials Used
Upah Buruh Langsung 945 933 12 1,2
Direct Labor
Bahan Bakar dan Listrik 4.948 5.354 (406) (7,6)
Fuel and Power
Beban Pabrikasi 2.400 2.369 31 1,3
Manufacturing Overhead
Jumlah Beban Pabrikasi 10.975 11.409 (434) (3,8)
Total Manufacturing Cost
Persediaan Barang dalam Proses
Work in Process Inventory
Awal Tahun 271 317 (46) (14,6)
At Beginning of Year
Akhir Tahun (205) (271) 66 (24,2)
At End of Year
Beban Pokok Produksi 11.041 11.455 (414) (3,6)
Cost of Goods Manufactured
Persediaan Barang Jadi
Finished Goods Inventory
Awal Tahun 219 287 (68) (23,7)
At Beginning of Year
Pembelian 60 52 7 13,5
Purchases
Lain-lain (2) 8 (10) (128,8)
Others
Akhir Tahun (207) (219) 12 (5,5)
At End of Year
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Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Beban Pokok Penjualan sebelum Beban Pengepakan 11.110 11.583 (474) (4,1)
Cost of Goods Sold before Packing Cost
Beban Pengepakan 851 904 (53) (5,8)
Packing Cost
Beban Pokok Pendapatan 11.961 12.488 (526) (4,2)
Cost of Revenues
Beban pokok pendapatan Perseroan pada 2025 The Company’s cost of revenues in 2025 was
tercatat sebesar Rp11.961 miliar, menurun 4,2% recorded at Rp11,961 billion, reflecting a decrease of
dari periode sebelumnya sebesar Rp12.488 miliar. 4.2% from the previous period’s figure of Rp12,488
Penurunan ini sejalan dengan penurunan volume billion. This decline was in line with lower sales
penjualan, serta optimalisasi penggunaan bahan volumes, as well as the optimization of alternative
bakar alternatif dan bahan baku alternatif, dan fuel and alternative raw material usage, and ongoing
pengendalian biaya produksi secara berkelanjutan. cost control in production. In addition, the decrease
Selain itu, penurunan ini juga didukung oleh was also supported by various efficiency initiatives,
berbagai inisiatif efisiensi, termasuk melalui including the Transformation Acceleration Initiative
program Transformation Acceleration Initiative, program, which focuses on improving production
yang berfokus pada peningkatan efisiensi proses process efficiency, energy usage, and overall
produksi, penggunaan energi, dan optimalisasi biaya operational cost optimization.
operasional.
Laba Bruto Gross Profit
Laba bruto Perseroan pada 2025 tercatat sebesar The Company’s gross profit in 2025 was recorded
Rp5.770 miliar, menurun 4,8% dibandingkan tahun at Rp5,770 billion, a decrease of 4.8% compared to
sebelumnya sebesar Rp6.061 miliar. Penurunan ini the previous year’s amount of Rp6,061 billion. This
terutama disebabkan oleh penurunan pendapatan decline was mainly driven by a decrease in net
neto akibat kondisi pasar yang menantang, diimbangi revenues due to challenging market conditions,
oleh efisiensi biaya produksi melalui optimalisasi compensated by production cost efficiencies
penggunaan bahan bakar alternatif dan bahan baku through the optimization of alternative fuel and
alternatif. alternative raw material usage.
Beban Usaha Operating Expenses
Beban usaha Perseroan, yang terdiri dari beban The Company’s operating expenses, comprising
penjualan serta beban umum dan administrasi, selling expenses and general and administrative
tercatat sebesar Rp3.683 miliar pada 2025. Jumlah expenses, were recorded at Rp3,683 billion in 2025.
tersebut mengalami penurunan sebesar Rp42 miliar This amount represented a decrease of Rp42 billion
atau 1,1% dibandingkan tahun sebelumnya yang or 1.1% compared to the previous year’s figure of
mencapai Rp3.725 miliar. Penurunan ini terutama Rp3,725 billion. The decrease was primarily due to
disebabkan oleh penurunan beban penjualan decrease in selling expenses amounted to 122 billion
sebesar 122 miliar atau 4,1%. or 4,1%.
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Beban Penjualan Selling Expenses
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Pengangkutan, Bongkar Muat, dan Transportasi 2.217 2.326 (109) (4,7)
Delivery, Loading, and Transportation
Penyusutan 253 225 28 12,4
Depreciation
Gaji, Upah, dan Kesejahteraan Karyawan 215 212 3 1,6
Salaries, Wages, and Employee Benefits
Iklan dan Promosi 58 94 (36) (38,2)
Advertising and Promotion
Sewa 50 52 (1) (2,7)
Rental
Listrik dan Air 16 20 (4) (21,8)
Electricity and Water
Pajak dan Perizinan 14 15 (0) (3,1)
Taxes and Licenses
Lain-lain 39 41 (2) (5,2)
Others
Jumlah Beban Penjualan 2.862 2.985 (122) (4,1)
Total Selling Expenses
Beban penjualan Perseroan pada 2025 tercatat The Company’s selling expenses in 2025 amounted
sebesar Rp2.862 miliar, turun 4,1% dibandingkan to Rp2,862 billion, a decrease of 4.1% compared to
tahun sebelumnya yang sebesar Rp2.985 Rp2,985 billion in the previous year. This decrease
miliar. Penurunan ini terutama disebabkan oleh was mainly due to lower delivery, loading and
berkurangnya biaya pengangkutan, bongkar muat transportation costs in line with the decline
dan transportasi sejalan dengan penurunan volume in sales volume. In addition, the decrease was
penjualan. Selain itu, penurunan juga didukung oleh also supported by efficiencies in advertising and
efisiensi pada biaya iklan dan promosi seiring dengan promotion expenses, in line with the Company’s
upaya Perseroan dalam meningkatkan efisiensi efforts to enhance the efficiency of its marketing
kegiatan pemasaran. activities.
Beban Umum dan Administrasi General and Administrative Expenses
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Gaji, Upah, dan Kesejahteraan Karyawan 552 535 17 3,3
Salaries, Wages, and Employee Benefits
Honorarium Tenaga Ahli 118 97 21 21,9
Professional Fees
Penyusutan 37 38 (1) (1,9)
Depreciation
Cadangan (Pembalikan) Kerugian Penurunan Nilai Piutang Usaha 16 (29) 46 156,7
Allowance (Reversal) for Impairment Loss on Trade Receivables
Pengobatan 13 13 1 4,5
Medical
Pengembangan Komunitas 13 13 (1) (4,3)
Community Development
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Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Sewa 11 16 (4) (27,0)
Rental
Lain-lain 59 58 1 1,7
Others
Jumlah Beban Umum dan Administrasi 821 740 80 10,8
Total General and Administrative Expenses
Sementara itu, beban umum dan administrasi Meanwhile, general and administrative expenses in
pada 2025 tercatat sebesar Rp821 miliar, naik 2025 were recorded at Rp821 billion, an increase of
10,8% dibandingkan tahun sebelumnya sebesar 10.8% compared to Rp740 billion in the previous year.
Rp740 miliar. Peningkatan ini terutama disebabkan The increase was mainly due to higher professional
oleh kenaikan honorarium tenaga ahli serta biaya fees as well as salaries, wages and employee benefits.
gaji, upah dan kesejahteraan karyawan. Selain itu, In addition, the increase was also influenced by the
peningkatan juga dipengaruhi oleh pembentukan provision for impairment loss on trade receivables.
cadangan kerugian penurunan nilai piutang usaha.
Laba sebelum Beban Pajak Penghasilan Profit Before Income Tax Expense
Laba sebelum beban pajak penghasilan yang The profit before income tax expense recorded by the
dibukukan Perseroan di 2025 tercatat sebesar Company in 2025 was Rp2,736 billion, representing
Rp2.736 miliar, meningkat 11,1% dari tahun an increase of 11.1% from the previous year’s amount
sebelumnya sebesar Rp2.463 miliar. of Rp2,463 billion.
Beban Pajak Penghasilan Income Tax Expense
Jumlah beban pajak penghasilan Perseroan di 2025 The total income tax expense of the Company in
tercatat sebesar Rp488 miliar, meningkat 7,2% dari 2025 was recorded at Rp488 billion, reflecting an
tahun sebelumnya Rp455 miliar. increase of 7.2% from the previous year’s figure of
Rp455 billion.
Laba Tahun Berjalan Profit for the Year
Perseroan mencatatkan laba tahun berjalan sebesar The Company recorded a profit for the year of Rp2,249
Rp2.249 miliar, meningkat 12,0% dibandingkan billion, representing an increase of 12.0% compared
tahun sebelumnya yang sebesar Rp2.008 miliar, to Rp2,008 billion in the previous year, reflecting the
mencerminkan kemampuan Perseroan dalam Company’s ability to maintain profitability through a
menjaga profitabilitas melalui strategi yang more selective strategy in response to challenging
lebih selektif di tengah kondisi pasar yang masih market conditions. This increase was also supported
menantang. Peningkatan ini juga didukung oleh upaya by ongoing efficiency and cost control measures,
efisiensi dan pengendalian biaya yang berkelanjutan, which reduced the cost of revenues and operating
sehingga mampu menekan beban pokok pendapatan expenses, as well as by gains from divestment and
dan beban usaha, serta oleh keuntungan atas the remeasurement of investments in associates.
divestasi dan pengukuran kembali investasi pada
entitas asosiasi.
Penghasilan Komprehensif Lain Other Comprehensive Income
Pada 2025, Perseroan mencatat penghasilan In 2025, the Company recorded other comprehensive
komprehensif lain sebesar Rp2.248 miliar, mengalami income of Rp2,248 billion, an increase of 11.3%
peningkatan 11,3% dibandingkan dengan tahun compared to Rp2,020 billion in the previous year.
sebelumnya Rp2.020 miliar.
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Laba per Saham Dasar Basic Earnings per Share
Seiring dengan meningkatnya laba tahun berjalan yang In line with the increase in profit for the year
dibukukan Perseroan di 2025, laba per saham dasar recorded by the Company in 2025, the basic earnings
Perseroan pada 2025 juga mengalami peningkatan per share of the Company in 2025 also increased
menjadi Rp674,50 dari periode sebelumnya sebesar to Rp674.50 from the previous period’s figure of
Rp591,49 atau meningkat 14,0%. Rp591.49, reflecting an increase of 14.0%.
Laporan Arus Kas Konsolidasian Consolidated Statements of Cash Flows
dalam miliaran Rupiah
in billions of Rupiah
Tahun Perubahan
Uraian Year Changes
Description Selisih
2025 2024 %
Difference
Arus Kas dari Aktivitas Operasi 3.808 3.351 457 13,64
Cash Flows from Operating Activities
Arus Kas untuk Aktivitas Investasi (608) (467) (141) 30,19
Cash Flows for Investing Activities
Arus Kas untuk Aktivitas Pendanaan (1.832) (1.588) (244) 15,37
Cash Flows for Financing Activities
Kenaikan/(Penurunan) Bersih Kas dan Setara Kas 1.368 1.296 72 5,56
Net Increase/(Decrease) in Cash and Cash Equivalents
Pengaruh Bersih Perubahan Kurs pada Kas dan Setara Kas 8 15 (7) (46,67)
Net Effect of Exchange Rate Changes on Cash and Cash
Equivalents
Kas dan Setara Kas Awal Tahun 4.497 3.185 1.312 41,19
Cash and Cash Equivalents at Beginning of Year
Kas dan Setara Kas Akhir Tahun 5.873 4.497 1.376 30,60
Cash and Cash Equivalents at End of Year
Pada akhir 2025, saldo kas dan setara kas Perseroan At the end of 2025, the balances of the Company’s
tercatat naik sebesar 30,6%, menjadi Rp5.873 miliar cash and cash equivalents recorded an increase of
dari posisi awal tahun yang tercatat Rp4.497 miliar. 30.6%, to Rp5,873 billion from the beginning of the
year, which was recorded at Rp4,497 billion.
Arus Kas dari Aktivitas Operasi Cash Flows from Operating Activities
Pada 2025, arus kas bersih diperoleh dari aktivitas In 2025, the net cash flows provided from operating
operasi tercatat sebesar Rp3.808 miliar, naik activities were recorded at Rp3,808 billion, an
dibandingkan tahun sebelumnya arus kas bersih increase compared to the previous year’s net cash
yang diperoleh dari aktivitas operasi sebesar Rp3.351 flows provided from operating activities, which
miliar. Peningkatan ini terutama mencerminkan was Rp3,351 billion. This increase mainly reflects
perbaikan pengelolaan arus kas operasional, improved operating cash flow management, as
yang terlihat dari penurunan pembayaran kepada indicated by lower payments to suppliers and cost
pemasok dan efisiensi biaya, serta didukung oleh efficiencies, as well as supported by higher receipts
peningkatan penerimaan dari pendapatan keuangan. from finance income.
Arus Kas dari Aktivitas Investasi Cash Flows from Investing Activities
Arus kas bersih yang digunakan untuk aktivitas The net cash flows used in investing activities in
investasi pada 2025 tercatat sebesar Rp608 miliar, 2025 were recorded at Rp608 billion, an increase
naik dibandingkan tahun sebelumnya arus kas bersih compared to the previous year’s net cash flow used
yang digunakan untuk aktivitas investasi sebesar in investing activities of Rp464 billion. This increase
Rp464 miliar. Peningkatan ini terutama disebabkan was mainly due to payments for the acquisition of
oleh pembayaran untuk perolehan aset tetap, fixed assets, balanced by proceeds from the disposal
diimbangi oleh penerimaan dari pelepasan entitas of a subsidiary.
anak.
Laporan Tahunan 2025 Annual Report 175
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Arus Kas dari Aktivitas Pendanaan Cash Flows from Financing Activities
Arus kas bersih yang digunakan untuk aktivitas The net cash flows used in financing activities in
pendanaan pada 2025 tercatat sebesar Rp1.832 2025 were recorded at Rp1,832 billion, increasing
miliar, naik dibandingkan tahun sebelumnya arus kas compared to the previous year’s net cash flows used
bersih yang digunakan untuk aktivitas pendanaan in financing activities of Rp1,588 billion. This increase
sebesar Rp1.588 miliar. Peningkatan ini terutama was mainly due to higher cash dividend payments to
disebabkan oleh kenaikan pembayaran dividen tunai shareholders.
kepada pemegang saham.
Rasio Keuangan Utama Significant Financial Ratios
Uraian Selisih
2025 2024
Description Difference
Profitabilitas
Profitability
Margin Laba Bruto 32,5% 32,7% (0,2%)
Gross Profit Margin
Margin EBITDA 24,1% 21,2% 2,9%
EBITDA Margin
Margin Laba Bersih Tahun Berjalan 12,7% 10,8% 1,9%
Net Income Margin for the Year
Margin Total Penghasilan Komprehensif Tahun Berjalan 12,7% 10,9% 1,8%
Total Comprehensive Income Margin for the Year
Imbal Hasil atas Aset 7,2% 6,7% 0,6%
Return on Assets
Imbal Hasil atas Ekuitas 9,9% 9,3% 0,6%
Return on Equity
Solvabilitas
Solvency
Rasio Lancar 1,84x 1,45x 0,4
Current Ratio
Rasio Liabilitas terhadap Ekuitas 0,37x 0,38x (0,0)
Debt-to-Equity Ratio
Rasio Liabilitas terhadap Aset 0,27x 0,27x 0,0
Debt-to-Assets Ratio
Kemampuan Membayar Utang dan Solvency and Account Receivable
Kolektibilitas Piutang Collectibility
Kemampuan Membayar Utang Solvency
Kendati hingga akhir 2025 Perseroan masih berada Although at the end of 2025 the Company maintained
pada posisi net cash, namun Perseroan tetap a net cash position, it continues to place significant
memberikan perhatian yang sangat besar terhadap emphasis on the availability of liquidity to meet
ketersediaan likuiditas untuk memenuhi kewajiban- its short-term obligations. In 2025, the Company’s
kewajiban jangka pendek. Pada 2025, rasio lancar current ratio was recorded at 1.84x, an increase
Perseroan tercatat sebesar 1,84x, meningkat dari from the previous period’s ratio of 1.45x. With such
periode sebelumnya sebesar 1,45x. Dengan posisi a strong current ratio, the Company possesses an
rasio lancar yang sangat baik tersebut, Perseroan excellent ability to fulfill its short-term obligations.
memiliki kemampuan yang sangat baik untuk
memenuhi kewajiban jangka pendeknya.
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tingkat Kolektibilitas Piutang Accounts Receivable Collection Rate
dalam miliaran Rupiah
in billions of Rupiah
Perubahan
2025 2024
Uraian Changes
Description Komposisi Komposisi
Rp Rp Rp %
Composition Composition
Lancar 2.008 67,1% 1.984 64,7% 25 1,2
Current
Jatuh tempo:
Overdue:
1 sampai 60 hari 401 13,4% 556 18,1% (155) (27,9)
1 to 60 days
61 sampai 180 hari 316 10,6% 242 7,9% 75 30,9
61 to 180 days
181 sampai 365 hari 36 1,2% 53 1,7% (18) (33,5)
181 to 365 days
Lebih dari 365 hari 231 7,7% 229 7,5% 2 0,9
Over 365 days
Jumlah Piutang Usaha 2.992 100,0% 3.064 100,0% (72) (2,3)
Total Trade Receivables
Cadangan Kerugian Penurunan Nilai (241) (226) (16) 6,9
Allowance for Impairment Losses
Piutang Usaha - Neto 2.751 2.838 (87) (3,1)
Trade Receivables - Net
Pendapatan Neto 17.731 18.549 (818) (4,4)
Net Revenues
Piutang Usaha - Neto/Pendapatan Neto 15,5% 15,3% 0 0,2
Trade Receivables - Net/Net Revenues
Pada akhir 2025, jumlah piutang usaha Perseroan At the end of 2025, the Company’s accounts
tercatat sebesar Rp2.992 miliar. Jumlah tersebut receivable was recorded at Rp2,992 billion. This
menurun 2,3% dibandingkan periode sebelumnya amount represents a decrease of 2.3% compared to
sebesar Rp3.064 miliar. the previous period’s figure of Rp3,064 billion.
Perseroan berupaya untuk mengelola piutang usaha The Company is committed to managing its
dengan menjalankan kegiatan collection secara accounts receivable by implementing structured
terstruktur. Selain itu, Perseroan juga melakukan collection activities. Additionally, the Company
peninjauan terhadap kolektibilitas piutang secara conducts periodic reviews of the collectibility of its
berkala. receivables.
Pada akhir 2025, 67,1% dari piutang usaha Perseroan At the end of 2025, 67.1% of the Company’s accounts
berada dalam kategori lancar. Sedangkan piutang receivable was classified as current. Meanwhile,
lewat jatuh tempo lebih dari 365 hari adalah sebesar receivables that were overdue for more than 365 days
Rp231 miliar atau setara dengan 7,7% total piutang amounted to Rp231 billion, which was equivalent to
usaha Perseroan. Untuk itu, Perseroan membentuk 7.7% of the Company’s total accounts receivable.
cadangan kerugian penurunan nilai sebesar Rp241 To address this, the Company has established an
miliar. allowance for impairment losses amounting to
Rp241 billion.
Perseroan berupaya untuk terus meningkatkan The Company continues to enhance the
kolektibilitas terhadap piutang yang diberikan collectibility of receivables extended to customers.
kepada pelanggan. Perseroan memiliki strategi It has implemented specific strategies to improve
khusus untuk meningkatkan kolektibilitas, collectibility, including policies to ensure that
antara lain dengan menerapkan kebijakan untuk product sales are conducted only with trustworthy
memastikan penjualan produk hanya dilakukan customers who have a proven track record or good
kepada pelanggan yang dapat dipercaya dan dapat credit history. The Company also limits credit
Laporan Tahunan 2025 Annual Report 177
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dibuktikan kepercayaannya, atau mempunyai amounts for certain customers, requiring distributors
sejarah kredit yang baik, membatasi jumlah kredit and customers to provide advance payments or bank
untuk pelanggan tertentu, seperti mengharuskan guarantees. Furthermore, the accounts receivable
distributor dan pelanggan untuk memberikan uang balance is continuously monitored to reduce the
muka atau bank garansi. Selain itu, saldo piutang likelihood of uncollectible receivables.
dimonitor secara terus-menerus untuk mengurangi
kemungkinan piutang yang tidak tertagih.
Struktur Modal dan Kebijakan Struktur Capital Structure and Policy on Capital
Modal Structure
Rincian Struktur Modal Details of Capital Structure
dalam miliaran Rupiah
in billions of Rupiah
Perubahan
2025 2024
Uraian Changes
Description Komposisi Komposisi
Rp Rp Rp %
Composition Composition
Liabilitas Jangka Pendek 6.104 19,2% 7.175 23,6% (1.071) (14,9)
Current Liabilities
Liabilitas Jangka Panjang 2.418 7,6% 1.131 3,7 % 1.288 113,9
Non-Current Liabilities
Jumlah Liabilitas 8.522 26,9% 8.306 27,3% 217 2,6
Total Liabilities
Ekuitas 23.203 73,1% 22.114 72,7% 1.089 4,9
Equity
Jumlah Liabilitas dan Ekuitas 31.725 100,0% 30.420 100,0% 1.305 4,3
Total Liabilities and Equity
Struktur modal Perseroan pada 2025 utamanya The Company’s capital structure in 2025 primarily
masih berasal dari modal sendiri dalam bentuk originated from its own capital in the form of equity,
ekuitas dan ditunjang dengan ketersediaan kas dan supported by a substantial availability of cash and
setara kas yang cukup besar. Pada 2025, komponen cash equivalents. In 2025, the equity component
ekuitas memberikan kontribusi hingga 73,1% contributed up to 73.1% to the Company’s capital
terhadap struktur modal Perseroan, sedangkan structure, while the liability component accounted
komponen liabilitas memberikan kontribusi sebesar for 26.9%. This composition remains relatively
26,9%. Komposisi tersebut relatif sama dengan unchanged compared to the previous period.
periode sebelumnya.
Kebijakan Struktur Modal Capital Structure Policy
Sebagai langkah mitigasi Perseroan dalam As a mitigation measure to anticipate industry and
mengantisipasi ketidakstabilan industri dan pasar, market instability, the Company strives to maintain
Perseroan berupaya memiliki permodalan yang kuat strong and healthy capital. Accordingly, the capital
dan sehat. Oleh karena itu, kebijakan struktur modal structure policy implemented by the Company relies
yang diterapkan Perseroan adalah dengan bertumpu on equity or its own capital. Additionally, with this
pada ekuitas atau modal sendiri. Selain itu, dengan capital structure policy, the Company can maximize
kebijakan struktur modal tersebut, Perseroan dapat value for stakeholders and support its operations
memaksimalkan nilai bagi pemangku kepentingan and business development plans.
serta menunjang operasional dan rencana
pengembangan usahanya.
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Dasar Pemilihan Kebijakan Manajemen atas Basis for Management’s Capital Structure Policy
Struktur Modal
Kebijakan manajemen atas struktur modal The management’s policy on the capital structure
Perseroan dirancang untuk menjamin kelangsungan of the Company is designed to ensure business
usaha, mempertahankan imbal hasil bagi pemegang continuity, maintain returns to shareholders and
saham dan manfaat bagi pemangku kepentingan, benefits to stakeholders, and optimize the capital
serta mengoptimalkan struktur permodalan guna structure to reduce the cost of capital.
menekan biaya modal.
Perseroan mematuhi peraturan pajak yang berlaku, The Company complies with the applicable tax
yaitu Peraturan Menteri Keuangan Nomor 169/ regulations, specifically the Minister of Finance
PMK.010/2015, dimana rasio maksimum untuk debt- Regulation No. 169/PMK.010/2015, which stipulates a
to-equity (DER) yang diperbolehkan untuk tujuan maximum debt-to-equity ratio (DER) of 4:1 for tax
pajak adalah 4:1. Pada 2025, DER yang dimiliki oleh purposes. In 2025, the Company’s DER was recorded
Perseroan adalah 0,37x. Dengan kondisi tersebut, at 0.37x. Under these conditions, the Company’s
rasio utang terhadap modal Perseroan masih berada debt-to-equity ratio remains within a favorable
pada kategori yang baik. category.
Ikatan Material untuk Investasi Barang Material Commitments for Capital
Modal Expenditures
Selama 2025, Perseroan tidak memiliki/memiliki During 2025, the Company did not have/had any
ikatan yang material dengan pihak manapun terkait material commitments with any parties related to
investasi barang modal. capital expenditures.
Investasi Barang Modal yang Actual Capital Expenditures in the
Direalisasikan pada Tahun Buku Financial Year
dalam jutaan Rupiah
in millions of Rupiah
Jenis Investasi Tujuan Investasi Nilai Investasi
Type of Investment Investment Purpose Investment Amount
Kepemilikan Langsung
Direct Ownership
Tanah Investasi dan Penunjang Operasional Perseroan 16.469
Land Investment and Operational Support for the Company
Tambang Penunjang Operasional Perseroan 456
Quarry Operational Support for the Company
Bangunan dan Prasarana Penunjang Operasional Perseroan 26.208
Buildings and Structures Operational Support for the Company
Mesin dan Peralatan Penunjang Operasional Perseroan 25.945
Machinery and Equipment Operational Support for the Company
Kapal Penunjang Operasional Perseroan 1.132
Vessels Operational Support for the Company
Alat Pengangkutan Penunjang Operasional Perseroan 284
Transportation Equipment Operational Support for the Company
Perabot dan Peralatan Kantor Penunjang Operasional Perseroan 8.824
Furniture, Fixtures and Office Operational Support for the Company
Equipment
Perkakas dan Peralatan Lainnya Penunjang Operasional Perseroan 2.195
Tools and Other Equipment Operational Support for the Company
Biaya Pemugaran Kapal Penunjang Operasional Perseroan 8.718
Dry Docking Costs Operational Support for the Company
Aset dalam Pembangunan Penunjang Operasional Perseroan 866.567
Construction in Progress Operational Support for the Company
Laporan Tahunan 2025 Annual Report 179
Page 180
Jenis Investasi Tujuan Investasi Nilai Investasi
Type of Investment Investment Purpose Investment Amount
Aset hak-guna
Right-of-use assets
Tanah dan Bangunan Penunjang Operasional Perseroan 296.951
Land and Buildings Operational Support for the Company
Mesin dan Peralatan Penunjang Operasional Perseroan 211.366
Machinery and equipment Operational Support for the Company
Kapal Penunjang Operasional Perseroan 289.827
Vessels Operational Support for the Company
Alat Pengangkutan Penunjang Operasional Perseroan 20.309
Transportation Equipment Operational Support for the Company
Jumlah 1.775.251
Total
Sepanjang 2025, Perseroan telah merealisasikan Throughout 2025, the Company realized capital
investasi barang modal sebesar Rp1.775 miliar. expenditures amounting to Rp1,775 billion. These
Investasi barang modal tersebut utamanya ditujukan capital expenditures are primarily aimed at
untuk mendukung operasional Perseroan. supporting the Company’s operations.
Informasi dan Fakta Material yang Information and Material Facts
Terjadi Setelah Tanggal Laporan Occurring After the Accountant’s Report
Akuntan Date
Tidak terdapat informasi dan fakta material yang There are no material information or facts that have
terjadi setelah tanggal laporan akuntan. occurred after the date of the accountant’s report.
Perbandingan Target dan Realisasi Comparison of Targets and Realizations
Perseroan telah menetapkan target untuk dicapai di The Company has set targets to be achieved in 2025.
tahun 2025. Target tersebut dibentuk berdasarkan These targets were established based on various
dengan sejumlah asumsi dan prediksi baik dari pihak assumptions and predictions from both internal
internal Perseroan maupun eksternal. Namun, seiring and external sources. However, as time progresses,
dengan berjalannya waktu, asumsi dan prediksi the Company’s assumptions and predictions in
Perseroan dalam membentuk penyusunan target developing these targets may change. Therefore, the
dapat berubah, oleh karena itu, target-target yang targets established by the Company are dynamic
dibentuk oleh Perseroan bersifat dinamis dan dapat and can be adjusted. The targets established by the
disesuaikan. Target yang ditetapkan Perseroan juga Company must also receive approval from the Board
harus mendapat persetujuan dari Dewan Komisaris of Commissioners and the controlling shareholder,
dan pemegang saham pengendali, Heidelberg Heidelberg Materials AG.
Materials AG.
Realisasi dari beberapa target Perseroan di 2025 The realization of several targets set by the Company
adalah berikut: in 2025 is as follows:
Uraian Satuan Target 2025 Realisasi 2025
Description Unit Target in 2025 Realization in 2025
Produksi Semen juta ton 20-21 19
Cement Production million tons
Volume Penjualan Bisnis Semen ribu ton 20.946 19.941
Cement Business Sales Volume thousand tons
Pendapatan Neto Rp miliar 20.651 17.731
Net Revenues Rp billion
Laba Tahun Berjalan Rp miliar 1.811 2.249
Profit for the Year Rp billion
Aset Rp miliar 32.088 31.725
Assets Rp billion
180 Laporan Tahunan 2025 Annual Report
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Management Discussion and Analysis
Uraian Satuan Target 2025 Realisasi 2025
Description Unit Target in 2025 Realization in 2025
Liabilitas Rp miliar 8.758 8.522
Liabilities Rp billion
Ekuitas Rp miliar 23.330 23.203
Equity Rp billion
Pemakaian Bahan Bakar Alternatif % 21,7 29,0
Alternative Fuel Usage
Pemakaian Bahan Baku Alternatif % 2,2 2,2
Alternative Raw Material Usage
Margin EBITDA % 20-21 24
EBITDA Margin
Tingkat Pengembalian atas Modal (ROCE) % 11-12 14
Return on Capital Employed (ROCE)
Produksi Semen Cement Production
Indocement menargetkan produksi semen sebanyak Indocement set a target to produce 20-21 million tons
20-21 juta ton pada 2025. Namun demikian, hingga of cement in 2025. However, as of the end of 2025,
akhir 2025, produksi semen Perseroan terealisasi the Company realized a total cement production of
sebanyak 19 juta ton. Tidak tercapainya target 19 million tons. The shortfall in production target
produksi tersebut terutama dipengaruhi oleh was primarily attributable to the decline in domestic
penurunan permintaan pasar semen domestik. cement demand.
Pendapatan Neto Net Revenues
Pada 2025, Perseroan membukukan pendapatan In 2025, the Company recorded net revenues of
neto sebesar Rp17.731 miliar. Pencapaian tersebut Rp17,731 billion. This achievement was below the set
masih berada di bawah target yang ditetapkan yaitu target of Rp20,651 billion. This was due to a decline
sebesar Rp20.651 miliar. Hal tersebut dikarenakan in sales throughout the year 2024.
menurunnya penjualan selama 2025
Laba Tahun Berjalan Profit for the Year
Laba tahun berjalan yang dibukukan Perseroan pada In 2025, the Company recorded a profit for the year
2025 tercatat sebesar Rp2.249 miliar, lebih tinggi of Rp2,249 billion, which was higher/lower than the
dibandingkan target yang ditetapkan sebesar Rp1.811 set target of Rp1,811 billion. This achievement was
miliar. Keberhasilan tersebut terutama didukung primarily supported by consistent cost discipline, as
oleh penerapan disiplin biaya yang konsisten, serta well as the development of business partnerships in
pengembangan kerja sama bisnis mortar bersama the mortar business with strategic partners.
mitra strategis.
Struktur Modal Capital Structure
Struktur modal Perseroan tahun 2025 ditargetkan The Company’s capital structure in 2025 was
tetap bertumpu pada modal sendiri (ekuitas), targeted to remain primarily equity-based, with
sedangkan komponen liabilitas menjadi penunjang. the liabilities serving a supporting role. Overall,
Secara umum, target tersebut dapat direalisasi pada this target was achieved in 2025. However, the
2025. Namun demikian, jumlah ekuitas dan liabilitas total equity, liabilities, and assets recorded by the
serta aset yang dibukukan Perseroan pada 2024 Company in 2024 fell short of the set target.
belum dapat memenuhi target yang ditetapkan.
Pada 2025, jumlah aset Perseroan terealisasi sebesar In 2025, the Company’s total assets amounted to
Rp31.725 miliar, jumlah tersebut masih berada di Rp31,725 billion, which was below the target of
bawah target sebesar Rp32.088 miliar. Hal tersebut Rp32,088 billion. This shortfall was primarily due to
disebabkan rendahnya pengeluaran barang modal. lower capital expenditure.
Laporan Tahunan 2025 Annual Report 181
Page 182
Demikian juga dengan jumlah ekuitas yang terealisasi Similarly, the total realized equity was Rp23,203 sebesar Rp23.203 miliar yang masih berada di bawah billion, still below the target of Rp23,330 billion. The target sebesar Rp23.330 miliar. Tidak tercapainya underachievement in equity was mainly attributed target jumlah ekuitas tersebut disebabkan adanya to the implementation of a share buyback program. program pembelian kembali saham. Sementara itu realisasi liabilitas Perseroan tercatat Meanwhile, the Company’s liabilities were realized sebesar Rp8.522 miliar, lebih rendah dibandingkan at Rp8,522 billion, lower than the target of Rp8,758 target sebesar Rp8.758 miliar. Pencapaian tersebut billion. This result was in line with the adjustment in sejalan dengan penyesuaian tingkat produksi sebagai production levels in response to market correction, respons terhadap koreksi pasar, serta didukung oleh and was supported by consistent cost discipline. penerapan disiplin biaya yang konsisten. Proyeksi Satu Tahun ke Depan One Year Projection Pada tahun 2026, Indocement memproyeksikan kinerja In 2026, Indocement projects solid business usaha yang tetap solid di tengah dinamika industri yang performance amidst competitive industry kompetitif. Volume penjualan diperkirakan mencapai dynamics. Sales volume is estimated to reach sekitar 19,9 juta ton, didukung oleh pertumbuhan approximately 19.9 million tons, supported by permintaan domestik yang stabil, khususnya dari sektor stable domestic demand growth, particularly infrastruktur dan perumahan. Perseroan akan terus from the infrastructure and housing sectors. The mengoptimalkan kapasitas produksi, memperkuat Company will continue to optimize production jaringan distribusi, serta menjaga daya saing produk capacity, strengthen its distribution network, and di seluruh segmen pasar guna menangkap peluang maintain product competitiveness across all market pertumbuhan yang ada. segments to capture existing growth opportunities. Dari sisi profitabilitas, Indocement menargetkan In terms of profitability, Indocement targets an EBITDA margin pada kisaran 20%–21%, yang EBITDA margin in the range of 20%–21%, reflecting mencerminkan komitmen Perseroan dalam the Company's commitment to maintaining menjaga efisiensi operasional melalui pengendalian operational efficiency through controlling energy biaya energi, optimalisasi penggunaan bahan costs, optimizing the use of alternative fuels, bakar alternatif, serta peningkatan produktivitas and increasing plant productivity. Sustainability pabrik. Inisiatif keberlanjutan dan digitalisasi juga and digitalization initiatives are also expected diharapkan memberikan kontribusi nyata terhadap to significantly contribute to cost efficiency efisiensi biaya dan peningkatan kinerja operasional and improve overall operational performance. secara keseluruhan. Sementara itu, ROCE diproyeksikan berada pada Meanwhile, ROCE is projected to be in the range kisaran 11%–11,5%, menunjukkan kemampuan of 11%–11.5%, demonstrating the Company's ability Perseroan dalam mengelola investasi secara to optimally manage investments to generate optimal untuk menghasilkan imbal hasil yang sound returns. With a disciplined strategy, a focus sehat. Dengan strategi yang disiplin, fokus pada on efficiency, and a strengthened environmentally efisiensi, serta penguatan portofolio produk yang friendly product portfolio, Indocement is optimistic lebih ramah lingkungan, Indocement optimis dapat about maintaining resilient performance while mempertahankan kinerja yang resilien sekaligus creating sustainable added value for all stakeholders. menciptakan nilai tambah yang berkelanjutan bagi seluruh pemangku kepentingan. Kebijakan dan Pembagian Dividen Dividend Policy and Distribution Kebijakan Dividen Dividend Policy Kebijakan pembagian dividen Perseroan dilakukan The dividend distribution policy is conducted by the berdasarkan RUPS Tahunan, sesuai dengan Undang- Company based on the Annual GMS, in accordance with Undang Nomor 40 Tahun 2007 tentang Perseroan Law No. 40 of 2007 on Limited Liability Companies. 182 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Terbatas. Dividen juga dapat dibagikan oleh Perseroan Dividend may also be distributed by the Company
sebelum tahun buku keuangan berakhir, dengan before the end of the financial year, by distributing
membagikan dividen interim yang telah ditetapkan interim dividends determined by the Board of Directors
oleh Direksi atas persetujuan Dewan Komisaris with the approval of the Board of Commissioners, to
sepanjang diperbolehkan oleh Anggaran Dasar the extent permitted by the Company’s Articles of
Perseroan. Pembagian dividen wajib dibayarkan oleh Association. Dividend distribution must be paid by the
Perseroan paling lambat 30 hari setelah tanggal Company no later than 30 days after the announcement
pengumuman, baik dividen yang telah ditetapkan date, regardless of whether the dividends determined
RUPS maupun dividen interim yang telah ditetapkan by the GMS or interim dividends determined by the
oleh Direksi atas persetujuan Dewan Komisaris. Board of Directors with the approval of the Board of
Commissioners.
Pembagian dividen merupakan upaya Perseroan Dividend distribution is the Company’s effort to
untuk memberikan nilai tambah kepada seluruh provide added value to all shareholders as a form of
pemegang saham sebagai bentuk imbal hasil yang better returns to shareholders.
lebih baik kepada pemegang saham.
Dividen Tahun Buku 2024 Dividends for the 2024 Financial Year
Berdasarkan keputusan RUPS Tahunan yang Based on the resolution adopted by the Annual GMS
diadakan pada 21 Mei 2025, dividen tunai dibagikan dated 21 May 2025, the cash dividends distributed to
kepada pemegang saham Perseroan sebesar Rp259 the Company’s shareholders were in the amount of
per saham tanpa memperhitungkan jumlah saham Rp259 per share, without considering the number of
yang dikuasai Perseroan karena pembelian kembali shares owned by the Company due to share buyback
saham oleh Perseroan (saham treasury). Sisa laba (treasury shares). The remaining profit for the year
tahun berjalan tahun buku 2024 setelah pembagian for 2024 financial year after the distribution of cash
dividen tunai tersebut akan dicatat sebagai bagian dividend was recorded as part of unappropriated
dari saldo laba ditahan yang belum ditentukan retained earnings. The total cash dividend distributed
penggunaannya. Total dividen tunai yang dibagikan by the Company to the shareholders for the 2024
Perseroan kepada pemegang saham atas kinerja financial year performance was Rp867 billion and
tahun buku 2024 adalah sebesar Rp867 miliar dan was paid to the shareholders on 20 June 2025.
telah dibayarkan kepada pemegang saham pada 20
Juni 2025.
Kronologis Pembagian Dividen Dua Tahun Chronology of Dividend Distribution in the Past
Terakhir Two Years
Uraian Tahun Buku 2024 Tahun Buku 2023
Description 2024 Financial Year 2023 Financial Year
Laba Tahun Berjalan (dalam miliaran Rupiah) 2.008 1.950
Profit for the Year (in billions of Rupiah)
Jumlah Dividen (dalam miliaran Rupiah) 867 308
Total Dividend (in billions of Rupiah)
Dividen per Saham (dalam Rupiah penuh) 259 90
Dividend per Share (in full Rupiah)
Payout Ratio (%) 43,2 15,8
Tanggal Pengumuman 21 Mei 2025 14 Mei 2024
Announcement Date 21 May 2025 14 May 2024
Tanggal Pembayaran 20 Juni 2025 14 Juni 2024
Payment Date 20 June 2025 14 June 2024
Program Kepemilikan Saham oleh Employee and/or Management Stock
Karyawan dan/atau Manajemen Ownership Program
Perseroan tidak menjalankan program kepemilikan The Company does not implement employee and/or
saham oleh karyawan dan/atau manajemen. management stock ownership program.
Laporan Tahunan 2025 Annual Report 183
Page 184
Informasi Material Mengenai Investasi, Material Information on Investment, Ekspansi, Divestasi, Penggabungan/ Expansion, Divestment, Business Peleburan Usaha, Akuisisi, Merger/Consolidation, Acquisition, Restrukturisasi Utang/Modal Debt/Capital Restructuring Rapat Umum Pemegang Saham Luar Biasa Perseroan The Company’s Extraordinary General Meeting yang diadakan pada 21 Mei 2025 memutuskan of Shareholders dated 21 May 2025 resolved to untuk melakukan penarikan kembali sebagian withdraw a portion of the shares resulting from the saham hasil pembelian kembali saham Perseroan Company’s share buybacks conducted in 2021 and yang dilaksanakan pada 2021 dan 2022 dengan 2022 by decreasing the issued and paid-up capital cara pengurangan modal ditempatkan dan disetor by 165,628,900 shares, each with a nominal value of sebanyak 165.628.900 saham, masing-masing Rp500. Therefore, the Company’s issued and paid- dengan nilai nominal Rp500. Dengan demikian, up capital, which was originally Rp1,840,615,849,500 modal ditempatkan dan disetor Perseroan yang divided into 3,681,231,699 shares with a nominal value semula berjumlah Rp1.840.615.849.500 terbagi of Rp500 each, was decreased to Rp1,757,801,399,500, atas 3.681.231.699 saham dengan nilai nominal divided into 3,515,602,799 shares with a nominal masing-masing Rp500 diturunkan menjadi value of Rp500 each. Rp1.757.801.399.500 terbagi atas 3.515.602.799 saham dengan nilai nominal masing-masing Rp500. Di akhir 2025, melalui anak perusahaan PT Pionirbeton At the end of 2025, through its subsidiary, Industri, Perseroan melakukan kemitraan dengan PT Pionirbeton Industri, the Company entered into PT Cipta Mortar Utama (yang merupakan bagian dari a partnership with PT Cipta Mortar Utama (part of Saint-Gobain) dengan pembentukan usaha patungan Saint-Gobain) to establish a joint venture in the di bidang usaha produksi dan pemasaran produk production and marketing of mortar products, mortar, PT Mortar Prakarsa Utama. Nilai transaksi PT Mortar Prakarsa Utama. The transaction value sejumlah Rp455.040.000.000 dimana PT Cipta Mortar was Rp455,040,000,000, with PT Cipta Mortar Utama Utama mengambil bagian sebesar 60% dari modal taking a portion of 60% in the issued and paid-up ditempatkan dan disetor dalam PT Mortar Prakarsa capital of PT Mortar Prakarsa Utama. As a result, the Utama tersebut. Sebagai akibatnya, kepemilikan interest of the Company in PT Mortar Prakarsa Utama Perseroan atas PT Mortar Prakarsa Utama berkurang decreased to 40%, resulting in the loss of control menjadi 40%, sehingga Perseroan kehilangan over PT Mortar Prakarsa Utama. pengendalian terhadap PT Mortar Prakarsa Utama. Realisasi Penggunaan Dana Hasil Actual Use of Public Offering Proceeds Penawaran Umum Selama 2025, Perseroan tidak melakukan penawaran Throughout 2025, the Company did not launch any umum, sehingga tidak terdapat informasi tentang public offerings, therefore, there was no information realisasi penggunaan dana hasil penawaran umum about the actual use of public offering proceeds yang dapat disampaikan pada laporan ini. that could be submitted in this report. Informasi Transaksi Material yang Information on Material Transactions Mengandung Benturan Kepentingan Containing Conflicts of Interest and/or dan/atau Transaksi dengan Pihak Transactions with Affiliated Parties Afiliasi Transaksi yang Mengandung Benturan Transactions Containing Conflicts of Interest Kepentingan Di 2025 tidak terdapat transaksi afiliasi dan/atau In 2025, there were no affiliated transactions and/ transaksi benturan kepentingan yang membutuhkan or transactions with conflict of interest requiring persetujuan pemegang saham independen. independent shareholder’s approval. 184 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Transaksi dengan Pihak Afiliasi Transactions with Affiliated Parties
Perseroan mempunyai transaksi dengan pihak The Company made transactions with related parties
berelasi sebagaimana didefinisikan pada PSAK as defined in PSAK 224 on “Disclosure of Related
224 tentang “Pengungkapan Pihak-pihak Berelasi”. Parties”. The Company is part of a business group
Perseroan merupakan bagian dari suatu kelompok and, in carrying out its operations, it is engaged in
usaha, dan dalam menjalankan operasinya transactions with related parties.
berhubungan dan melakukan transaksi dengan
pihak-pihak berelasi.
Transaksi dengan pihak berelasi dilakukan dengan Transactions with related parties were made under
persyaratan dan kondisi yang disepakati masing- terms and conditions agreed upon by each party,
masing pihak sesuai dengan syarat dan kondisi in line with terms and conditions and economic
serta manfaat ekonomis yang secara substansial benefits that are substantially comparable to
sebanding dengan transaksi yang dilakukan bersama transactions with third parties.
pihak ketiga.
Kewajaran dan Alasan Dilakukannya Transaksi Fairness and Reasons for Conducting Transactions
Sepanjang 2025, seluruh transaksi dilakukan secara Throughout 2025, all transactions were made in
wajar (arm’s length principle) dan sesuai dengan arm’s length principle and in accordance with
persyaratan komersial yang standar. Kewajaran standard commercial requirements. The fairness
transaksi dengan pihak terkait atau mengandung of transactions with related parties or containing
benturan kepentingan telah dilakukan secara wajar conflict of interest has been executed in a fair
sesuai peraturan perundang-undangan. Transaksi manner according to the laws and regulations. The
dilakukan atas dasar alasan kebutuhan Perseroan transactions are conducted based on the Company
dan bebas dari konflik kepentingan. needs and free of any conflict of interest.
Terkait transaksi dengan pihak berelasi, Perseroan Regarding transactions with related parties, the
dan entitas anak melakukan transaksi dengan Company and its subsidiaries made transactions
pihak-pihak berelasi seperti yang didefinisikan with related parties as defined in PSAK 224
dalam PSAK 224 “Pengungkapan Pihak-pihak “Disclosure of Related Parties” and Regulation of
Berelasi” dan Peraturan Bapepam-LK Nomor KEP- Bapepam-LK No. KEP-347/BL/2012 dated 25 June
347/BL/2012 tanggal 25 Juni 2012 tentang Penyajian 2012 on Presentation and Disclosure of Financial
dan Pengungkapan Laporan Keuangan Emiten atau Statements of Issuers or Public Companies.
Perusahaan Publik.
Kebijakan Perusahaan Terkait Mekanisme Telaah Company Policy on Transaction Review
atas Transaksi serta Pemenuhan Peraturan dan Mechanism and Compliance with Related
Ketentuan Terkait Regulations and Provisions
Melalui mekanisme transaksi dan keterbukaan Through the transaction mechanisms and
laporan, Direksi menyatakan bahwa berbagai transparent reporting, the Board of Directors states
transaksi afiliasi di atas telah melalui prosedur that the various affiliated transactions above have
yang memadai untuk memastikan bahwa transaksi gone through adequate procedures to ensure that the
afiliasi dilaksanakan sesuai dengan praktik bisnis affiliated transactions are carried out in accordance
yang berlaku umum dan dilakukan dengan memenuhi with generally accepted business practices, by
prinsip transaksi yang wajar (arm’s length principle). complying with the arm’s-length principle. The Board
Dewan Komisaris dan Komite Audit menelaah dan of Commissioners and Audit Committee review
menyetujui transaksi afiliasi, dan memastikan bahwa and approve the affiliated transactions and ensure
transaksi afiliasi tersebut telah melalui prosedur that the affiliated transactions have gone through
yang memadai, dilaksanakan sesuai dengan praktik adequate procedures, carried out in accordance
bisnis yang berlaku umum, dan memenuhi prinsip with generally accepted business practices, and
transaksi yang wajar (arm’s length principle). comply with arm’s-length principle.
Laporan Tahunan 2025 Annual Report 185
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Untuk transaksi afiliasi atau transaksi material For affiliated transactions or material transactions
yang merupakan kegiatan usaha yang dijalankan which are business activities carried out to generate
dalam rangka menghasilkan pendapatan usaha business income and are carried out regularly,
dan dijalankan secara rutin, berulang, dan/atau repeatedly, and/or continuously, the Company has
berkelanjutan, Perseroan telah mengungkapkannya disclosed the balances and transactions above in
sebagaimana penjelasan saldo dan transaksi di line with the information set out in the Consolidated
atas sejalan dengan informasi yang tertuang dalam Financial Statements for the 2025 financial year.
Laporan Keuangan Konsolidasian tahun buku 2025.
Nama dan Sifat Hubungan Berelasi Name and Nature of Relationships
Pihak-pihak Berelasi Sifat Hubungan Istimewa Sifat Transaksi
Related Parties Nature of Relationship Nature of Transaction
HM Trading Global APAC Pte. Ltd. Di bawah pengendalian yang sama Penjualan barang jadi dan pembelian bahan baku
Under common control Sale of finished goods and purchase of raw materials
HM Trading Global GmbH Di bawah pengendalian yang sama Penjualan barang jadi
Under common control Sale of finished goods
Heidelberg Materials AG Entitas induk utama Jasa tenaga ahli
Ultimate parent Professional fees
Heidelberg Materials Asia Pte. Ltd. Di bawah pengendalian yang sama Jasa tenaga ahli, jasa manajemen, dan pengembalian
Under common control biaya perjalanan dinas
Professional fees, management fees, and
reimbursement of traveling expenses
PT Bhakti Sari Perkasa Bersama Entitas asosiasi Jasa outsourcing
Associate Outsourcing services
PT Jaya Berdikari Cipta Entitas asosiasi Jasa transportasi
Associate Transportation services
PT Pama Indo Mining Entitas asosiasi Jasa penambangan dan jasa manajemen
Associate Mining service fee and management fee
Dana Pensiun Karyawan Indocement Dana Pensiun Perseroan Dana pensiun
Tunggal Prakarsa Pension Fund of the Company Pension fund
Dewan Komisaris dan Dewan Direksi Manajemen kunci Kelompok Usaha Kompensasi dan remunerasi
Board of Commissioners and Board Key Management of the Group Compensation and remuneration
of Directors
Realisasi Transaksi Pihak Berelasi Actual Transactions with Related Parties
dalam jutaan Rupiah
in millions of Rupiah
2025 2024
Uraian Persentase terhadap Persentase terhadap
Description Jumlah Jumlah Aset/Liabilitas Jumlah Jumlah Aset/Liabilitas
Total Percentage of Total Total Percentage of Total
Assets/Liabilities Assets/Liabilities
Piutang Usaha 10.993 0,03 7.015 0,02
Trade Receivables
Piutang Lain-lain 61.196 0,19 42.073 0,12
Other Receivables
Utang Usaha 17.052 0,20 17.804 0,21
Trade Payables
Utang Lain-lain 273.540 3,22 241.024 2,89
Other Payables
Pendapatan Neto 280.826 1,58 194.028 1,05
Net Revenues
Beban Pokok Pendapatan 188.607 1,58 227.699 1,83
Cost of Revenues
Beban Umum dan Administrasi 92.292 11,25 78.330 10,58
General and Administrative Expenses
Penghasilan Lain 19.786 39,65 10.488 18,22
Other Income
186 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Perubahan Peraturan Perundang- Amendments to Laws and Regulations
Undangan yang Berdampak terhadap that Have an Impact on the Company
Perusahaan
Sepanjang 2025, terdapat sejumlah peraturan Throughout 2025, there were a number of laws and
perundang-undangan yang diterbitkan oleh regulator regulations issued by regulators that had an impact
yang berdampak pada Perseroan, antara lain: on the Company, among others:
Peraturan Penjelasan Pengaruh terhadap Indocement
No.
Regulation Explanation Impact on Indocement
1. Undang-Undang • Peraturan ini bertujuan untuk memperbaiki tata kelola sektor • Saat ini Perseroan merupakan
Nomor 2 Tahun 2025 pertambangan, meningkatkan hilirisasi, dan memastikan Industri Semen yang memiliki
tentang Perubahan manfaatnya dapat dinikmati secara adil oleh seluruh rakyat area pertambangan yang
Keempat Atas UU Indonesia terintegrasi dengan kegiatan
Nomor 4 Tahun 2009 • Pemberian WIUP/Wilayah Izin Usaha Pertambangan Khusus pertambangan
tentang Pertambangan (WIUPK) difokuskan pada BUMN atau badan usaha swasta
Mineral dan Batubara untuk meningkatkan nilai tambah di dalam negeri melalui • Currently, the Company's is a
jo. Peraturan program hilirisasi cement industry with mining
Pemerintah Nomor 39 • Perubahan jangka waktu perpanjangan Izin Usaha area integrated with mining
Tahun 2025 tentang Pertambangan Mineral Bukan Logam Jenis Tertentu yang activities
Perubahan Kedua Atas terintegrasi dengan fasilitas pengolahan industri
Peraturan Pemerintah sebelumnya:
Nomor 96 tahun 2021 perpanjangan Mineral Bukan Logam Jenis Tertentu
tentang Pelaksanaan ditentukan paling lama 20 tahun dan dijamin memperoleh
Kegiatan Usaha perpanjangan 2 kali masing-masing 10 tahun
Pertambangan Mineral menjadi:
dan Batubara paling lama 20 tahun dan dijamin memeperoleh
perpanjangan selama 10 tahun setiap kali perpanjangan
Law No. 2 of 2025
on the Fourth • This regulation aims to improve governance in mining sector,
Amendment to Law increase downstreaming, and ensure that its benefits are
No. 4 of 2009 on fairly shared by all Indonesians
Mineral and Coal • Granting of WIUP/Special Mining Business License Area
Mining in conjunction (WIUPK) is focused on SOEs or private business entities
with Government to increase domestic added value through downstreaming
Regulation No. 39 programs
of 2025 on the • Changes to the extension period for Mining Business License
Second Amendment for Certain Types of Non-Metallic Minerals integrated with
to Government industrial processing facilities
Regulation No. previously:
96 of 2021 on the extension of Certain Types of Non-Metallic Minerals was set
Implementation of at a maximum of 20 years and guaranteed two extensions of
Mineral and Coal 10 years each
Mining Business become:
Activities a maximum of 20 years and guaranteed a 10-year extension
each time
Laporan Tahunan 2025 Annual Report 187
Page 188
Peraturan Penjelasan Pengaruh terhadap Indocement
No.
Regulation Explanation Impact on Indocement
2. Peraturan Pemerintah Peraturan ini disempurnakan sekaligus mencabut Peraturan Dampak terhadap Perseroan dan
Nomor 28 Tahun Pemerintah Nomor 5 Tahun 2021 Tentang Penyelenggaraan Anak Perusahaan:
2025 Tentang Perizinan Berusaha Berbasis Risiko sebelumnya. • Pengurusan penyusunan
Penyelenggaraan dokumen Amdal yang memiliki
Perizinan Berusaha Salah satu penyempurnaan pada Peraturan Pemerintah Nomor lebih dari 1 (satu) KBLI akan
Berbasis Risiko jo. 28 Tahun 2025 ini yaitu terkait ketentuan adanya: diproses di Kementerian
Peraturan Menteri • Dalam hal kegiatan usaha yang seluruh lokasi usahanya Lingkungan Hidup yang akan
Lingkungan Hidup/ berada di dalam delineasi RDTR yang belum terintegrasi terintegrasi sesuai KBLI yang
Badan Pengendalian dengan sistem OSS, maka penerbitan persetujuan KKPR dipilih di sistem OSS AMDAL
Lingkungan Hidup (PKKPR) dilakukan melalui kajian/penilaian berdasarkan Net.
Nomor 22 Tahun 2025 Rencana Tata Ruang. • Pelaku usaha yang memiliki 1
tentang Kewenangan • Permohonan Persetujuan Lingkungan (PL) melalui sistem KBLI, maka sesuai kewenangan
Penerbitan OSS dengan tahapan: diproses melalui OSS AMDAL
Persetujuan » penapisan jenis dokumen lingkungan hidup dan penapisan Net di Propinsi/Kabupaten
Lingkungan persetujuan teknis oleh Pelaku Usaha;
» permohonan persetujuan teknis oleh Pelaku Usaha; Impact on the Companies and its
Government » permohonan PL atau perubahan PL oleh Pelaku Usaha; Subsidiaries:
Regulation No. 28 » penilaian atau pemeriksaan dokumen lingkungan hidup; • Preparation of AMDAL
of 2025 on the » pengambilan keputusan kelayakan lingkungan hidup; dan documents containing more
Implementation » penerbitan PL. than 1 (one) KBLI will be
of Risk-Based • Persetujuan Teknis. processed by the Ministry of
Business Licensing • Persetujuan Lingkungan dengan Dokumen Amdal. Environment, which will be
in conjunction • Persetujuan Lingkungan dengan Formulir Upaya Pengelolaan integrated according to the
with Regulation Lingkungan Hidup dan Upaya Pemantauan Lingkungan Hidup. KBLI selected in OSS AMDAL
of the Minister • Persetujuan Lingkungan dengan Formulir Surat Pernyataan Net system.
of Environment/ Kesanggupan Pengelolaan dan Pemantauan Lingkungan • Business actors with 1 KBLI
Environmental Control Hidup. must process their mining
Agency No. 22 of 2025 • Persetujuan Lingkungan Kawasan. activities via OSS AMDAL Net
on the Authority to Pendelegasian Kewenangan Persetujuan Lingkungan dan at Provincial/District level,
Issue Environmental Persetujuan Teknis. according to their authority
Approvals
This regulation is improved and revokes Government Regulation
No. 5 of 2021 on the Implementation of Risk-Based Business
Licensing.
One of the improvements in Government Regulation No. 28 of
2025 is related to the following provisions:
• For business activities whose entire business location is
within RDTR delineation not yet integrated with OSS system,
the issuance of KKPR (PKKPR) approval is carried out through
a study/assessment based on the Spatial Plan.
• Applications for Environmental Approval (PL) via OSS system
include the following stages:
» screening of environmental document types and technical
approval screening by Business Actors;
» request for technical approval by Business Actors;
» application for PL or amendment to PL by Business Actors;
» assessment or examination of environmental documents;
» decision-making on environmental feasibility; and
» issuance of PL.
• Technical Approval.
• Environmental Approval with Amdal Document.
• Environmental Approval with Environmental Management
Effort and Environmental Monitoring Effort Form.
• Environmental Approval with Environmental Management and
Monitoring Commitment Letter Form.
• Area Environmental Approval.
Delegation of Authority for Environmental Approval and
Technical Approval.
188 Laporan Tahunan 2025 Annual Report
Page 189
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Peraturan Penjelasan Pengaruh terhadap Indocement
No.
Regulation Explanation Impact on Indocement
3. Peraturan Presiden Peraturan ini mengatur tentang: Dampak terhadap Perseroan dan
Republik Indonesia • Pelaksanaan penertiban kawasan hutan dilaksanakan oleh Anak Perusahaan:
Nomor 5 Tahun 2025 pemerintah pusat yang bertujuan untuk 2 hal sbb: • Sebagai pemilik PPKH,
tentang Penertiban » Penanganan dan perbaikan tata kelola kegiatan Indocement/anak usaha
Kawasan Hutan pertambangan, perkebunan dll didalam kawasan hutan dan harus melakukan identifikasi
» Optimalisasi Penerimaan Negara kegiatan pertambangannya di
Presidential • Objek penertiban kawasan hutan dilakukan terhadap Setiap dalam kawasan hutan agar
Regulation of the orang yang melakukan penguasaan Kawasan Hutan tidak Indocement/anak perusahaan
Republic of Indonesia sesuai dengan ketentuan perundangan, yang menjadi concern tidak mendapatkan sanksi
No. 5 of 2025 on utama penertiban kawasan hutan yaitu setiap orang yang apabila terindikasi melakukan
Forest Area Regulation melakukan penguasaan Kawasan Hutan tidak sesuai dengan kegiatan pertambangan di
ketentuan perundang-undangan. dalam kawasan hutan tanpa ijin
Pelaksanaan penertiban kawasan hutan dilaksanakan dengan: yang ditetapkan sesuai dengan
» Penagihan Denda Administratif ketentuan perundangan
» Penguasaan Kembali Kawasan Hutan dan/atau
» Pemulihan Aset di kawasan hutan Impact on the Company's and its
• Tugas Satgas Pelaksana sebagai berikut: Subsidiaries:
» melakukan inventarisasi hak negara atas pemanfaatan • As the owner of PPKH,
lahan kegiatan pertambangan, perkebunan, dan/atau Indocement/its subsidiaries
kegiatan lain di dalam Kawasan Hutan serta optimalisasi must identify their mining
Penerimaan Negara; activities within forest areas
» melaksanakan langkah-langkah dan upaya terobosan to ensure that Indocement/
yang diperlukan untuk mengatasi permasalahan its subsidiaries are not subject
dalam penanganan dan perbaikan tata kelola kegiatan to sanctions if suspected
pertambangan, perkebunan, dan/atau kegiatan lain di of conducting mining
dalam Kawasan Hutan serta optimalisasi Penerimaan activities within forest areas
Negara; without license stipulated in
» melakukan upaya penegakan hukum yang efektif dan accordance with the laws and
efisien bagi penanganan dan perbaikan tata kelola kegiatan regulations
pertambangan, perkebunan, dan/atau kegiatan lain di
dalam Kawasan Hutan serta optimalisasi Penerimaan
Negara;
» meningkatkan sinergi pengambilan kebijakan
antarkementerian/lembaga;
» melakukan koordinasi penegakan hukum sesuai dengan
ketentuan peraturan perundang-undangan; dan
» melaporkan pelaksanaan tugas kepada Pengarah
This regulation regulates:
• The forest area regulation is carried out by central
government with the following 2 objectives:
» Handling and improving the governance of mining,
plantation, and other activities within forest areas; and
» Optimizing State Revenue
• The object of forest area regulation is any person who
controls Forest Area in a manner inconsistent with the
laws and regulations. The primary concern of forest area
regulation is any person who controls Forest Area in a
manner inconsistent with the laws and regulations.
Forest area regulation is carried out through:
» Collecting Administrative Fines
» Reclaiming Forest Areas and/or
» Recovering Assets in Forest Areas
• The duties of the Implementing Task Force are as follows:
» conducting inventory of state rights to land use for mining,
plantation, and/or other activities within Forest Areas and
optimizing State Revenue;
» implementing the necessary steps and breakthrough
efforts to address issues in the management and
improvement of mining, plantation, and/or other activities
within Forest Areas and to optimize State Revenue;
» conducting effective and efficient law enforcement efforts
to manage and improve the management of mining,
plantation, and/or other activities within Forest Areas and
to optimize State Revenue;
» increasing synergy in policy-making between ministries/
institutions;
» coordinating law enforcement in accordance with the laws
and regulations; and
» reporting on the duty implementation to the Supervisor
Laporan Tahunan 2025 Annual Report 189
Page 190
Peraturan Penjelasan Pengaruh terhadap Indocement
No.
Regulation Explanation Impact on Indocement
4. Peraturan Menteri Peraturan ini mengatur mengenai: Dampak terhadap Perseroan dan
Energi dan Sumber • Penyusunan RKAB tahap kegiatan Eksplorasi atau RKAB tahap anak perusahaan:
Daya Mineral Nomor kegiatan Operasi Produksi oleh Pemegang IUP tahap kegiatan • Bahwa berdasarkan Permen
17 Tahun 2025 tentang Eksplorasi, pemegang IUPK tahap kegiatan Eksplorasi, ESDM No. 17 tahun 2025 :
Tata Cara Penyusunan, pemegang IUP tahap kegiatan Operasi Produksi, pemegang » Untuk penyusunan
Penyampaian, dan IUPK tahap kegiatan Operasi Produksi, atau pemegang IUPK RKAB Indocement dan
Persetujuan Rencana sebagai Kelanjutan Operasi Kontrak/Perjanjian sebagaimana Anak Perusahaan tahap
Kerja dan Anggaran dimaksud dalam Pasal 2 ayat (1), berupa rencana kegiatan Operasi Produksi dari yang
Biaya Serta Tata usaha Pertambangan Mineral dan Batubara selama 1 (satu) sebelumnya 3 (tiga) tahun
Cara Pelaporan tahun sebagai pedoman dalam pelaksanaan kegiatan usaha berdasarkan Permen ESDM
Pelaksanaan Kegiatan Pertambangan Mineral dan Batubara. No. 10 Tahun 2023, saat ini
Usaha Pertambagnan • RKAB diajukan paling cepat pada tanggal 1 Oktober dan berubah menjadi 1 tahun.
Mineral dan Batubara paling lambat pada tanggal 15 November setiap tahunnya » Untuk penyusunan RKAB
untuk IUP tahap kegiatan Eksplorasi, IUPK tahap kegiatan Indocement dan Anak
Regulation of the Eksplorasi, IUP tahap kegiatan Operasi Produksi, IUPK tahap Perusahaan tahap Eksplorasi
Minister of Energy and kegiatan Operasi Produksi, atau IUPK sebagai Kelanjutan berdasarkan Permen ESDM
Mineral Resources Operasi Kontrak/Perjanjian tahun berikutnya No. 17 tahun 2025 yakni 1
No. 17 of 2025 on • RKAB untuk tahun 2026 dan RKAB untuk tahun 2027 yang (satu) tahun, sama dengan
Procedures for telah disetujui oleh Menteri atau Gubernur sesuai dengan Permen ESDM sebelumnya
the Preparation, kewenangannya sebelum diundangkannya Peraturan Menteri No. 10 Tahun 2023
Submission, and ini, wajib untuk disesuaikan kembali dan disampaikan melalui • Bahwa RKAB tahap Operasi
Approval of Work sistem informasi sesuai dengan ketentuan Peraturan Menteri ini Produksi Indocement dan Anak
Plans and Budgets, • Dalam hal penyesuaian kembali RKAB tahun 2026 Perusahaan yang dimiliki saat ini
as well as Procedures sebagaimana dimaksud pada huruf c telah dimohonkan berlaku 3 (tiga) tahun terhitung
for Reporting on the melalui sistem informasi dan belum mendapatkan dari tahun 2024 s.d.2026
Implementation of persetujuan sampai dengan berakhirnya tahun berjalan, RKAB perlu disesuaikan kembali
Mineral and Coal tahun 2026 yang telah disetujui oleh Menteri atau Gubernur menjadi RKAB 1 (satu) tahunan
Mining Business sebelum berlakunya Peraturan Menteri ini masih dapat berdasarkan Permen ESDM No.
Activities diacu dan digunakan sebagai dasar kegiatan Eksplorasi atau 17 tahun 2025 tersebut untuk
Operasi Produksi sampai dengan tanggal 31 Maret 2026 RKAB tahun 2026. Dan wajib
lunas membayarkan jaminan
This regulation governs: reklamasi sesuai H-1 tahun
• Preparation of RKAB in Exploration phase or RKAB in sebelum RKAB berjalan disahkan
Production Operation phase by IUP Holders in Exploration
phase, IUPK holders in Exploration phase, IUP holders in Impact on the Company's and its
Production Operation phase, IUPK holders in Production subsidiaries:
Operation phase, or IUPK holders as a Continuation of • Based on Permen of ESDM No.
Contract/Agreement Operations as referred to in Article 17 of 2025:
2 paragraph (1), in the form of Mineral and Coal Mining » The preparation of RKAB
business activity plan for 1 (one) year as a guideline for of Indocement and its
the implementation of Mineral and Coal Mining business Subsidiaries during
activities. Production Operation phase
• The RKAB must be submitted no earlier than 1 October and is reduced from previously 3
no later than 15 November of each year for IUP in Exploration (three) years under Permen
phase, IUPK in Exploration phase, IUP in Production of ESDM No. 10 of 2023 to 1
Operation phase, IUPK in Production Operation phase, or year.
IUPK as a Continuation of Contract/Agreement Operations for » The preparation of RKAB
the following year of Indocement and its
• The RKAB for 2026 and 2027 that have been approved by Subsidiaries during
the Minister or Governor, in accordance with their authority, Exploration phase, based
prior to the enactment of this Ministerial Regulation must on Permen of ESDM No. 17
be readjusted and submitted via the information system in of 2025, is 1 (one) year, the
accordance with the provisions of this Ministerial Regulation same as the previous Permen
• in the event readjustment of RKAB for 2026 as referred to in of ESDM No. 10 of 2023
letter c has been requested via the information system and • The current RKAB for
has not received approval by the end of the year, the RKAB Production Operation phase
for 2026 approved by the Minister or Governor prior to the of Indocement and its
enactment of this Ministerial Regulation may still be referred Subsidiaries, which is valid for
to and used as the basis for Exploration or Production 3 (three) years, from 2024 to
Operation activities until 31 March 2026 2026, needs to be readjusted
to a 1 (one) year RKAB based on
Permen of ESDM No. 17 of 2025
for the RKAB for 2026. The
reclamation guarantee must be
paid in full one year before the
current RKAB is ratified
190 Laporan Tahunan 2025 Annual Report
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Peraturan Penjelasan Pengaruh terhadap Indocement
No.
Regulation Explanation Impact on Indocement
5. Peraturan Menteri Peraturan ini mengatur mengenai: Dampak terhadap Perseroan:
Lingkungan Hidup/ • Dampak lingkungan yang ditimbulkan dari kegiatan • Bahwa pemegang IUP
Badan Pengendalian pertambangan (eksplorasi, produksi, pasca-tambang) Indocement dan anak
Lingkungan Hidup menimbulkan perubahan sifat fisik, kimia, dan/atau perusahaan harus melakukan
Nomor 20 Tahun 2025 hayati lingkungan hidup yang dianggap sebagai kerusakan identifikasi apakah lahan
tentang Kriteria Baku lingkungan yang harus ditangani. setelah/saat penambangan
Kerusakan Lingkungan • Penanggung jawab Usaha dan/atau Kegiatan Pertambangan telah melewati kriteria
Hidup Untuk Lahan wajib melakukan pencegahan Kerusakan Lingkungan Hidup kerusakan yang ditentukan
Akibat Usaha dan/ dengan: sebagaimana yang diatur di
atau Kegiatan » penaatan; dan dalam Lampiran I Permen
Pertambangan » Pemantauan ini. Jika terjadi kerusakan
• Kriteria Baku Kerusakan Lingkungan Hidup untuk Lahan lahan, maka Perseroan harus
Regulation of akibat Usaha dan/atau Kegiatan Pertambangan ditentukan melakukan pemulihan/
the Minister of berdasarkan parameter: reklamasi sesuai dengan
Environment/ » Fisik meliputi: regulasi.
Environmental Control ‐ areal bekas tambang; • Bahwa pemegang IUP wajib
Agency No. 20 of 2025 ‐ Tanah Pucuk; menyampaikan laporan
on Standard Criteria ‐ kelerengan; pelaksanaan pemantauan
for Environmental ‐ erosi; paling sedikit 1 (satu) kali
Damage to Land ‐ longsor; dalam 6 (enam) bulan dan
Caused by Mining ‐ Aliran Air Permukaan; paling sedikit 1 (satu) kali
Businesses and/or ‐ muka Air Tanah; dalam 1 (satu) tahun (sesuai
Activities ‐ jarak aktivitas penambangan; dan dengan paramter kerusakan
‐ Bukaan Tambang. lingkungan) kepada Menteri/
» Kimia berupa Batuan Potensi Pencemar Kepala atau gubernur sesuai
» Hayati meliputi: dengan kewenangannya (Tata
‐ vegetasi di sekitar Badan Air dan/atau laut; cara pelaksanaan pemantauan
‐ tutupan lahan area revegetasi; dan tercantum dalam Lampiran II
‐ keanekaragaman hayati. dan Format Laporan tercantum
• Kriteria Baku Kerusakan Lahan akibat Usaha dan/atau dalam Lampiran III peraturan
Kegiatan Pertambangan sebagaimana dimaksud pada ayat (1) ini)
tercantum dalam Lampiran I
• Pemantauan terdiri atas tahapan: Impact on the Company's:
» perencanaan pemantauan, melalui kegiatan: • IUP holders of Indocement and
‐ pengumpulan dokumen perizinan its subsidiaries must identify
‐ persiapan peralatan untuk pemantauan Kerusakan whether the land, after/during
Lingkungan Hidup mining, has exceeded the
‐ penyusunan dokumen rencana detail pemantauan damage criteria stipulated
Kerusakan Lingkungan Hidup in Attachment I of this
» pelaksanaan pemantauan: Ministerial Regulation. If land
‐ paling sedikit 1 (satu) kali dalam 6 (enam) bulan, damage occurs, the Company
parameter: Tanah Pucuk, kelerengan, erosi, longsor, must carry out restoration/
Aliran Air Permukaan, muka Air Tanah, jarak aktivitas reclamation in accordance with
penambangan, Bukaan Tambang, Batuan Potensi the regulations.
Pencemar, dan keanekaragaman hayati; • IUP holders are required to
‐ paling sedikit 1 (satu) kali dalam 1 (satu) tahun, submit monitoring reports at
parameter: areal bekas tambang, vegetasi di sekitar least once every 6 (six) months
Badan Air dan/atau laut, dan tutupan lahan area and at least once every year
revegetasi. (based on environmental
• Tata cara pelaksanaan pemantauan tercantum dalam damage parameters) to the
Lampiran II Peraturan ini Minister/Head or governor, as
• Penanggung jawab Usaha dan/atau Kegiatan Pertambangan appropriate. (Procedures for
wajib melaporkan hasil pemantauan kepada Menteri/Kepala monitoring implementation
atau gubernur sesuai dengan kewenangannya. are listed in Attachment II,
• Hasil evaluasi Menteri/Kepala atau gubernur: and the report format is
» tidak terjadi kerusakan: penanggungjawab usaha wajib listed in Attachment III of this
melakukan pencegahan kerusakan Lahan regulation.)
» terjadi kerusakan Lahan: penanggungjawab usaha wajib
melakukan penanggulangan dan/atau pemulihan.
• Format Laporan sebagaimana nomor 7 tersebut diatas
tercantum dalam Lampiran III peraturan ini
Laporan Tahunan 2025 Annual Report 191
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Peraturan Penjelasan Pengaruh terhadap Indocement
No.
Regulation Explanation Impact on Indocement
This regulation governs:
• Environmental impacts resulting from mining activities
(exploration, production, post-mining) cause changes in
physical, chemical, and/or biological characteristics of the
environment, considered as environmental damage, that
must be addressed.
• Those responsible for Mining Businesses and/or Activities are
required to prevent Environmental Damage by:
» compliance; and
» Monitoring
• Standard Criteria for Environmental Damage to Land Due to
Mining Businesses and/or Activities are determined based on
the following parameters:
» Physical includes:
‐ ex-mining areas;
‐ Topsoil;
‐ slopes;
‐ erosion;
‐ landslides;
‐ Surface Water Flow;
‐ Groundwater level;
‐ distance from mining activities; and
‐ Mine Openings.
» Chemical in form of Potential Pollutant Rocks
» Biological includes:
‐ rivarian vegetation and/or coastal vegetation;
‐ land cover in revegetation areas; and
‐ biodiversity.
• Standard Criteria for Land Damage Due to Mining Businesses
and/or Activities as referred to in paragraph (1) are listed in
Attachment I
• Monitoring consists of the following stages:
» monitoring planning, through the following activities:
‐ collection of permit documents
‐ preparation of equipment for monitoring Environmental
Damage
‐ preparation of a detailed Environmental Damage
monitoring plan document
» monitoring implementation:
‐ at least once every 6 (six) months, with parameters:
Topsoil, slopes, erosion, landslides, surface water flow,
groundwater level, distance from mining activities, mine
openings, potentially pollutant rocks, and biodiversity;
‐ at least once every 1 (one) year, with parameters:
ex-mining areas, rivarian vegetation and/or coastal
vegetation, and land cover in revegetation areas.
• Procedures for monitoring are listed in Attachment II of this
Regulation
• The person responsible for Mining Businesses and/or
Activities is required to report monitoring results to the
Minister/Head of Government or the governor in accordance
with their authority.
• Evaluation results by the Minister/Head or governor:
» no damage occurs: the business person responsible is
obliged to prevent land damage
» land damage occurs: the business person responsible is
obliged to take mitigation and/or restoration measures.
• The report format as mentioned in point 7 above is listed in
Attachment III of this regulation
192 Laporan Tahunan 2025 Annual Report
Page 193
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Perubahan Kebijakan Akuntansi Changes to Accounting Policies
Laporan keuangan yang baik adalah laporan keuangan Proper financial statements are financial reporting
yang sesuai dengan kebijakan akuntansi yang relevan that is in accordance with accounting policies
dengan bisnis serta dapat dipertanggungjawabkan, relevant to the business and can be accounted for.
oleh karena itu, Perseroan berkomitmen untuk selalu Therefore, the Company is committed to consistently
mematuhi seluruh standar akuntansi keuangan complying with all financial accounting standards,
terutama pada kebijakan baru atau perubahan especially on new policies or policy changes.
kebijakan.
Penerapan dari amandemen standar berikut, yang The adoption of these amended standards, which
relevan bagi Perseroan dan berlaku efektif mulai are relevant to the Company and effective beginning
1 Januari 2025, tidak menimbulkan perubahan on 1 January 2025, did not result in substantial
substansial terhadap kebijakan akuntansi changes to the Company’s accounting policies and
Perseroan dan pengaruh yang material atas jumlah had no material effect on the amounts reported for
yang dilaporkan atas tahun berjalan atau tahun the current or prior financial year.
sebelumnya.
Kebijakan Akuntansi Penjelasan
Accounting Policies Explanation
Amandemen PSAK 221 Pengaruh perubahan kurs valuta asing
Amandment to PSAK 221 The effects of changes in foreign exchange rate
Informasi Kelangsungan Usaha Information on Business Continuity
Hal yang Berpengaruh Signifikan Terhadap Matters with Significant Impact to Business
Kelangsungan Usaha Continuity
Perseroan memastikan bahwa tidak terdapat The Company ensures that there are no significant
hal-hal apapun baik internal ataupun eksternal internal or external factors that have a major impact
yang memiliki pengaruh besar terhadap kegiatan on the Company’s operational activities throughout
operasional Perseroan sepanjang 2025. Hal tersebut 2025. This result reflects the effectiveness of the
merupakan hasil dari efektivitas pengelolaan risiko Company’s risk management in 2025.
yang dilakukan Perseroan di 2025.
Penilaian Manajemen untuk Mengelola Potensi Management Assessment to Address Significantly
yang Berpengaruh Signifikan Affecting Potential
Manajemen telah melakukan penilaian terhadap Management has assessed the Company’s
kapabilitas Perseroan untuk melanjutkan kegiatan capabilities to continue its business activities in
usaha di masa depan. Berdasarkan hasil penilaian the future. Based on the assessment results, the
yang telah dilakukan, manajemen berkesimpulan management concludes that there are no material
bahwa tidak terdapat ketidakpastian material yang uncertainties that could affect the Company’s ability
dapat memengaruhi kemampuan Perseroan untuk to continue its business operations.
melanjutkan kegiatan usaha.
Asumsi yang Digunakan Manajemen dalam Assumptions Used by the Management in the
Penilaian Assessment
Dalam melakukan penilaian, manajemen In conducting the assessment, the management
menggunakan sejumlah asumsi yang meliputi: utilizes several assumptions, including:
1. Kinerja keuangan; 1. Financial performance;
2. Kinerja operasional; 2. Operational performance;
3. Struktur modal; dan 3. Capital structure; and
4. Regulasi. 4. Regulation.
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5. Berbagai risiko, antara lain: 5. Various risks, among others:
a. Risiko bisnis; a. Business risks;
b. Risiko operasional; b. Operational risks;
c. Risiko sumber daya; c. Resource risks;
d. Risiko kepatuhan/legal; d. Compliance/legal risks;
e. Risiko keuangan; serta e. Financial risks; and
f. Risiko-risiko lainnya yang disebabkan oleh f. Other risks caused by external factors.
faktor eksternal.
Prospek Usaha Business Prospects
Indocement memandang 2026 sebagai tahun Indocement views 2026 as a promising year
pemulihan usaha yang menjanjikan setelah for business recovery following the pressures
tekanan industri semen pada 2025. Perseroan experienced by the cement industry in 2025. The
menggarisbawahi potensi peningkatan permintaan Company emphasizes the potential for domestic
semen domestik sekitar 1%, sejalan dengan cement demand to increase by around 1%, in line
stabilisasi ekonomi nasional. with the stabilization of the national economy.
Pemerintah menetapkan target pertumbuhan The government has set Indonesia’s GDP growth
PDB Indonesia pada kisaran 5,4–5,6% pada 2026, target at 5.4–5.6% in 2026, while Bank Indonesia
sementara Bank Indonesia memperkirakan rentang estimates a range of 4.9–5.7%. Conservative
4,9–5,7%. Proyeksi konservatif dari lembaga lain di projections from other institutions, around 5%,
sekitar 5% tetap didukung paket stimulus fiskal, remain supported by the fiscal stimulus package,
pelonggaran suku bunga, dan perpanjangan insentif interest rate cuts, and the extension of property VAT
PPN properti yang merangsang konsumsi serta incentives, which stimulate private consumption
investasi swasta. and investment.
Industri semen diuntungkan oleh kebijakan prioritas Cement industry is benefitted from the government’s
pemerintah pada infrastruktur publik, program priority policy on public infrastructure, the renovation
renovasi dan pembangunan tiga juta rumah, serta and construction program for three million homes,
tambahan anggaran pekerjaan umum. Program and an additional public works budget. The post-
rekonstruksi pasca-banjir Sumatra menjadi katalis Sumatra flood reconstruction program is an
tambahan bagi permintaan semen, setelah pasar additional catalyst for cement demand, after the
domestik terkoreksi pada 2025 akibat pemangkasan domestic market experienced a correction in 2025
belanja infrastruktur. due to infrastructure spending cuts.
Strategi efisiensi biaya, pemanfaatan bahan bakar Cost efficiency strategies, the use of sustainable
alternatif berkelanjutan, serta ekspansi distribusi alternative fuels, and distribution expansion through
melalui akuisisi strategis akan mendongkrak kinerja strategic acquisitions will boost the performance in
2026. Meski demikian, risiko seperti penurunan 2026. However, risks such as declining bulk cement
konsumsi semen curah dari proyek infrastruktur consumption from major infrastructure projects and
besar dan tekanan daya beli masyarakat berpotensi pressure on consumer purchasing power have the
menghambat momentum jangka pendek. potential to hinder short-term momentum.
Prospek keseluruhan Indocement di 2026 penuh Indocement’s overall prospect for 2026 is optimistic,
optimisme, berpijak pada ekonomi stabil, dorongan based on a stable economy, pro-growth policy
kebijakan pro-pertumbuhan, dan integrasi strategi initiatives, and the integration of efficiency strategies
efisiensi dengan inovasi produk konstruksi. Posisi ini with construction product innovation. This position
memantapkan Perseroan sebagai pelopor pemulihan solidifies the Company as a pioneer in the recovery
industri semen Indonesia tahun depan. of the Indonesian cement industry next year.
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Pada 2025, Indocement meraih PROPER Emas untuk Kompleks Pabrik Cirebon serta PROPER Hijau untuk Kompleks Pabrik
Citeureup dan Kompleks Pabrik Tarjun.
In 2025, Indocement awarded a PROPER Gold rating for the Cirebon Factory, as well as PROPER Green ratings for the Citeureup
Factory and Tarjun Factory.
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Tata Kelola
Perusahaan
Corporate Governance
05
Bab | Chapter
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Tata Kelola Perusahaan
Corporate Governance
Laporan Tahunan 2025 Annual Report
Laporan Tahunan 2025 Annual Report 197
Page 198
Pencapaian Tata Kelola Perusahaan
Corporate Governance Achievements
Top 50 Big Cap pada IICD Corporate
Governance Award 2025
Top 50 Big Cap at IICD Corporate Governance Award 2025
Indonesia Top Good Corporate Governance
PT Indocement Tunggal Prakarsa Tbk (GCG) Awards 2025 – The Iconomics Media
Indonesia Top Good Corporate Governance Awards 2025 – The
Iconomics Media
Komitmen Penerapan Tata Kelola
Perusahaan
Commitment to Implementing Corporate Governance
Indocement menegaskan komitmen kuat dalam Indocement affirms its strong commitment to
penerapan Good Corporate Governance (GCG) implementing Good Corporate Governance (GCG) as
sebagai fondasi utama pengelolaan perusahaan the main foundation for transparent, accountable,
yang transparan, akuntabel, dan berkelanjutan. and sustainable company management. GCG
Prinsip GCG diterapkan secara konsisten di seluruh principles are consistently applied at all levels of
tingkatan organisasi untuk mengoptimalkan nilai the organization to optimize company value for
perusahaan bagi pemegang saham sambil menjaga shareholders while safeguarding the interests of
kepentingan pemangku kepentingan lainnya, other stakeholders, through independent oversight
melalui mekanisme pengawasan yang independen mechanisms and compliance with applicable
dan kepatuhan terhadap regulasi yang berlaku. regulations. This commitment is reflected in
Komitmen ini tercermin dalam pembentukan the establishment of special committees, both
komite-komite khusus, baik komite-komite di committees under the Board of Commissioners and
bawah Dewan Komisaris maupun komite-komite di committees under the Board of Directors, each of
bawah Direksi, yang masing-masing memiliki piagam which has a charter as a guideline in carrying out its
198 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
sebagai pedoman dalam melakukan tugas. Selain duties. In addition, the Company has also created
itu Perseroan juga telah membuat piagam Dewan a Board of Commissioners charter and a Board of
Komisaris dan piagam Direksi, yang diperbarui secara Directors charter, which are updated periodically to
berkala untuk mendukung dalam pengambilan support ethical and prudent decision-making.
keputusan berbasis etika dan kehati-hatian.
Pencapaian prestasi seperti penghargaan Top 50 Big Achievements such as the Top 50 Big Cap award at
Cap pada IICD Corporate Governance Award 2025 IICD Corporate Governance Award 2025 demonstrate
menunjukkan efektivitas implementasi GCG, yang the effectiveness of GCG implementation, which
difokuskan pada transparansi laporan keuangan, focuses on financial statements transparency, risk
manajemen risiko, dan pencegahan konflik management, and conflict of interest prevention.
kepentingan. Dengan landasan Corporate Values dan Based on its Corporate Values and ASEAN Corporate
ASEAN Corporate Governance Scorecard, Perseroan Governance Scorecard, the Company continuously
terus mendorong profesionalisme, tanggung jawab promotes professionalism, social responsibility, and
sosial, serta perlindungan lingkungan sebagai bagian environmental protection as integral parts of good
integral dari praktik tata kelola yang baik. governance practices.
Selain itu, penerapan prinsip tata kelola perusahaan Furthermore, the implementation of corporate
di Indocement mengacu pada peraturan perundang- governance principles at Indocement adheres to
undangan dan pedoman yang berlaku umum, generally applicable laws and regulations, Heidelberg
pedoman, dan panduan Heidelberg Materials, serta Materials’ guidelines, and the Company’s internal
pedoman internal Perseroan sebagai berikut: guidelines, as follows:
Pedoman Tata Pedoman Heidelberg
Kelola Materials
GCG Guideline Heidelberg Materials Guideline
TATA KELOLA
PERUSAHAAN YANG BAIK
GOOD CORPORATE GOVERNANCE
Peraturan
Pedoman Internal
Perundang-undangan Internal Guideline
Laws and Regulations
Peraturan perundang-undangan dan pedoman yang Generally applicable laws, regulations, and
berlaku umum: guidelines:
1. Undang-Undang Nomor 8 Tahun 1995 tentang 1. Law No. 8 of 1995 on Capital Market;
Pasar Modal; 2. Law No. 40 of 2007 on Limited Liability Company;
2. Undang-Undang Nomor 40 Tahun 2007 tentang 3. Financial Services Authority Regulation No. 21/
Perseroan Terbatas; POJK.04/2015 on Implementation of Governance
3. Peraturan Otoritas Jasa Keuangan Nomor 21/ Guidelines for Public Companies (POJK 21/2015);
POJK.04/2015 tentang Penerapan Pedoman Tata 4. Financial Services Authority Circular No. 32/
Kelola Perusahaan Terbuka (POJK 21/2015); SEOJK.04/2015 on Public Company Governance
4. Surat Edaran Otoritas Jasa Keuangan Nomor 32/ Guidelines (SEOJK 32/2015);
SEOJK.04/2015 tentang Pedoman Tata Kelola 5. Road Map of Indonesian Corporate Governance
Perusahaan Terbuka (SEOJK 32/2015); issued by Financial Services Authority;
5. Peta Jalan Tata Kelola Perusahaan Indonesia yang 6. General Guidelines for Indonesian Corporate
dikeluarkan oleh Otoritas Jasa Keuangan; Governance (PUGKI) 2021 issued by the National
6. Pedoman Umum Governansi Korporat Indonesia Committee of Governance Policy (KNKG); and
(PUGKI) 2021 yang dikeluarkan Komite Nasional 7. Best practices and internationally accepted
Kebijakan Governansi (KNKG); dan standards such as the ASEAN Corporate
7. Praktik terbaik dan standar yang berlaku Governance Scorecard.
secara internasional seperti ASEAN Corporate
Governance Scorecard.
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Tujuan Penerapan GCG Purpose of GCG Implementation
Tujuan penerapan GCG di lingkungan Perseroan The purpose of implementing GCG within the
adalah untuk: Company is to:
1. Mengoptimalkan nilai Perseroan bagi pemegang 1. Optimizing the Company’s values for the
saham dengan tetap memperhatikan shareholders in respect to considering the
kepentingan para pemangku kepentingan dan stakeholders’ interests and achieve business
mendorong tercapainya kesinambungan bisnis sustainability based on the principles of
berdasarkan prinsip transparansi, akuntabilitas, transparency, accountability, responsibility,
pertanggungjawaban, independensi, serta independence, fairness, and equality;
kewajaran dan kesetaraan; 2. Encourage the Company’s organs, which are the
2. Mendorong agar organ Perseroan, yaitu Rapat General Meeting of Shareholders (GMS), Board
Umum Pemegang Saham (RUPS), Dewan Komisaris, of Commissioners, and Board of Directors, to
dan Direksi, dalam membuat keputusan dan make decisions and act based on high moral
menjalankan tindakan dilandasi oleh nilai moral value and compliance with the provisions of the
yang tinggi dan kepatuhan terhadap ketentuan articles of association and the applicable laws
anggaran dasar dan peraturan perundang- and regulations;
undangan yang berlaku; 3. Drive the Company’s management to be more
3. Mendorong pengelolaan Perseroan lebih professional, transparent, and efficient, as
profesional, transparan dan efisien, serta well as empower function, and increase the
memberdayakan fungsi dan meningkatkan independence of the Company’s organs;
kemandirian organ Perseroan; 4. Encourage and support the development and
4. Mendorong dan mendukung pengembangan, management of the Company’s resources and
pengelolaan sumber daya Perseroan, business risks by applying the principles of
dan pengelolaan risiko usaha Perseroan prudent, accountability, and responsibility for the
dengan penerapan prinsip kehati-hatian, implementation of GCG principles;
akuntabilitas, dan bertanggung jawab dalam 5. Improve the Company’s awareness of and
mengimplementasikan prinsip-prinsip GCG; social responsibility for the community and
5. Mendorong timbulnya kesadaran dan tanggung environmental preservation, especially those of
jawab sosial Perseroan terhadap masyarakat around the Company’s operational areas;
dan kelestarian lingkungan terutama di sekitar 6. Provide the guidelines for each member of
wilayah operasional Perseroan; Board of Commissioners, Board of Directors,
6. Memberikan pedoman bagi setiap anggota Dewan and Employees in managing the Company
Komisaris, Direksi dan Karyawan Perseroan professionally, transparently, and efficiently
dalam menjalankan pengelolaan Perseroan as well as empower the function and increase
secara profesional, transparan, dan efisien independence, based on moral values and
serta memberdayakan fungsi dan meningkatkan compliance with laws and regulations as well
kemandirian, dilandasi nilai moral dan kepatuhan as awareness of social responsibility to the
terhadap peraturan perundang-undangan serta stakeholders and environment; and
kesadaran akan tanggung jawab sosial Perseroan 7. Improve the Company’s competitiveness at the
terhadap pemangku kepentingan dan lingkungan; national and international levels in order to gain
dan market confidence to drive investment flows,
7. Meningkatkan daya saing Perseroan baik secara and thus, achieve sustainable national economic
nasional maupun internasional, sehingga growth.
mampu mendapatkan kepercayaan pasar guna
mendorong arus investasi dan pertumbuhan
ekonomi nasional yang berkesinambungan.
Prinsip GCG Principles of GCG
Prinsip dasar GCG yang diterapkan Perseroan The basic GCG principles implemented by the
diambil dari Organization for Economic Cooperation Company are derived from the Organization for
and Development (OECD) yaitu transparansi, Economic Cooperation and Development (OECD),
akuntabilitas, pertanggungjawaban, independensi, namely transparency, accountability, responsibility,
serta kewajaran dan kesetaraan, yang diuraikan independence, and fairness and equality, which are
sebagai berikut: described as follows:
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Tata Kelola Perusahaan
Corporate Governance
Transparansi Keterbukaan dalam melaksanakan proses pengambilan keputusan dan keterbukaan dalam
Transparency mengungkapkan informasi material dan relevan mengenai Perseroan.
Transparency in the decision-making process and transparency in disclosing material and
relevant information about the Company.
Akuntabilitas Kejelasan fungsi, pelaksanaan dan pertanggungjawaban organ sehingga pengelolaan Perseroan
Accountability terlaksana secara efektif.
Clarity of the function, implementation, and accountability of the organs, therefore the
Company’s management is performed effectively.
Pertanggungjawaban Kesesuaian bahwa pengelolaan Perseroan terhadap peraturan perundang-undangan dan prinsip-
Responsibility prinsip korporasi yang sehat.
Conformity in the Company’s management to the applicable laws and regulations and the
principles of a sound corporation.
Independensi Perseroan dikelola secara profesional tanpa benturan kepentingan dan pengaruh/tekanan dari
Independence pihak manapun yang tidak sesuai dengan peraturan perundang-undangan dan prinsip-prinsip
korporasi yang sehat.
Managing the Company professionally without conflict of interest and influence/pressure from
any parties that are not in accordance with the applicable laws and regulations and principles
of a sound corporation.
Kewajaran dan Kesetaraan Keadilan dan kesetaraan di dalam memenuhi hak-hak pemangku kepentingan yang timbul
Fairness and Equality berdasarkan perjanjian dan peraturan perundang-undangan yang berlaku.
Fairness and equality in fulfilling stakeholders’ rights arising based on agreement and the
applicable laws and regulations.
Selain 5 prinsip diatas, Perseroan juga mengadaptasi In addition to the 5 principles above, the Company
empat pilar governansi korporat sesuai Pedoman also adopts 4 pillars of corporate governance
Umum Governansi Korporat Indonesia (PUGKI) yang in accordance with the General Guidelines for
dikeluarkan KNKG, dengan uraian sebagai berikut: Indonesian Corporate Governance (PUGKI) issued by
KNKG, as described below:
Perilaku Beretika Dalam melaksanakan kegiatannya, Perseroan senantiasa mengedepankan kejujuran,
Ethical Conduct memperlakukan semua pihak dengan hormat (respect), memenuhi komitmen, membangun
serta menjaga nilai-nilai moral dan kepercayaan secara konsisten. Perseroan memperhatikan
kepentingan pemegang saham dan pemangku kepentingan lainnya berdasarkan asas kewajaran
dan kesetaraan (fairness) dan dikelola secara independen sehingga masing-masing organ
perusahaan tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.
In carrying out its activities, the Company always prioritizes honesty, treats all parties with
respect, fulfills its commitments, as well as consistently builds and maintains moral values and
beliefs. The Company pays attention to the interests of shareholders and other stakeholders
based on the principle of fairness and equality, and each organ of the company is managed
independently so that each corporate body does not dominate the other and cannot be
intervened by other parties.
Akuntabilitas Perseroan dapat mempertanggungjawabkan kinerjanya secara transparan dan wajar. Untuk
Accountability itu Perseroan harus dikelola secara benar, terukur dan sesuai dengan kepentingan Perseroan
dengan tetap memperhitungkan kepentingan pemegang saham dan pemangku kepentingan.
Akuntabilitas merupakan prasyarat yang diperlukan untuk mencapai kinerja yang berkelanjutan.
The Company is accountable for its performance in a transparent and fair manner. For
this reason, the Company must be managed properly, measurably, and in accordance with
Company’s interests, while still considering the interests of shareholders and stakeholders.
Accountability is the prerequisite needed to achieve sustainable performance.
Transparansi Untuk menjaga objektivitas dalam menjalankan bisnis, Perseroan menyediakan informasi
Transparency yang material dan relevan dengan cara yang mudah diakses dan dipahami oleh pemangku
kepentingan. Perseroan mengambil inisiatif untuk mengungkapkan tidak hanya masalah
yang disyaratkan oleh peraturan perundang-undangan, tetapi juga hal yang penting untuk
pengambilan keputusan oleh pemegang saham, kreditur dan pemangku kepentingan lainnya.
To maintain objectivity in conducting business, the corporate shall provide relevant material
information that is easily accessible and understood by the stakeholders. The Company
takes the initiative to disclose not only the issues required by laws and regulations, but also
important matters for decision making by the shareholders, creditors, and other stakeholders.
Keberlanjutan Perseroan mematuhi peraturan perundang-undangan serta berkomitmen melaksanakan
Sustainability tanggung jawab terhadap masyarakat dan lingkungan agar berkontribusi pada pembangunan
berkelanjutan melalui kerja sama dengan semua pemangku kepentingan terkait untuk
meningkatkan kehidupan mereka dengan cara yang selaras dengan kepentingan bisnis dan
agenda pembangunan berkelanjutan.
The Company complies with the laws and regulations and is committed to carrying out its
responsibilities towards the community and environment in order to contribute to sustainable
development by working with all relevant stakeholders to improve their lives aligned with the
business interests and sustainable development agenda.
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Penetapan Standar Kualitas Tata Kelola Determination of Quality Standards for
Perusahaan Corporate Governance
Sebagai perusahaan terbuka, Indocement As a public company, Indocement implements GCG
menerapkan standar GCG dengan mengacu pada standards in accordance with OJK regulations,
regulasi OJK, bukan sekadar formalitas kepatuhan, not merely a formality of compliance, but rather a
melainkan wujud kesadaran dan tanggung jawab manifestation of awareness and full responsibility
penuh terhadap seluruh pemangku kepentingan. towards all stakeholders. The Company is committed
Perseroan berkomitmen menetapkan praktik GCG to establishing best GCG practices, in accordance
terbaik, sesuai POJK Nomor 21/POJK.04/2015, with POJK No. 21/POJK.04/2015, SEOJK No.
SEOJK Nomor 32/SEOJK.04/2015, serta Pedoman 32/SEOJK.04/2015, and the General Guidelines
Umum Governansi Korporat Indonesia (PUGKI) dari for General Guidelines for Indonesian Corporate
Komite Nasional Kebijakan Governance (KNKG). Governance (PUGKI) issued by the National Committee
Secara global, Indocement mengadopsi Prinsip Tata of Governance Policy (KNKG). Globally, Indocement
Kelola Perusahaan OECD 2015 dan ASEAN Corporate has adopted the 2015 OECD Corporate Governance
Governance Scorecard (ACGS) yang diterbitkan dan Principles and the ASEAN Corporate Governance
diinisiasi oleh Asean Capital Markets Forum (ACMF), Scorecard (ACGS), published and initiated by the
yang menjadi benchmark internasional di Asia ASEAN Capital Markets Forum (ACMF), which is an
Tenggara. international benchmark in Southeast Asia.
Sebagai bagian dari Heidelberg Materials, As part of Heidelberg Materials, Indocement must
Indocement juga harus mematuhi ketentuan dari also comply with Heidelberg Materials' regulation
Heidelberg Materials untuk memperkuat integritas to strengthen governance integrity. GCG policy
tata kelola. Kebijakan GCG mengatur sinergi antar- regulates synergy between the Company’s organs:
organ perusahaan: RUPS sebagai mekanisme the GMS as a mechanism for strategic decision
pengambilan keputusan strategis oleh pemegang making by shareholders, the Board of Commissioners
saham, Dewan Komisaris dalam peran pengawasan in its supervisory and advisory role to the Board of
dan pemberian nasihat kepada Direksi, serta Directors, and the Board of Directors responsible
Direksi yang bertanggung jawab atas pengelolaan for operational management. Each organ carries out
operasional. Setiap organ menjalankan fungsinya its functions harmoniously and in accordance with
secara harmonis dan sesuai regulasi, demi mencapai regulations, to achieve the Company’s sustainable
tujuan berkelanjutan perusahaan. goals.
Sosialisasi GCG Socialization of GCG
Pemahaman yang memadai terkait prinsip GCG A sufficient understanding of GCG principles is
merupakan suatu hal yang harus diterapkan oleh essential for all Company Personnel, as the success
seluruh Insan Perseroan, karena keberhasilan of GCG implementation in the Company depends on
penerapan GCG di Perseroan bergantung pada the understanding of all Indocement Personnel.
pemahaman seluruh Insan Indocement.
Guna mencapai tujuan tersebut, Perseroan To achieve such objectives, the Company conducts
melakukan kegiatan sosialisasi dan pelatihan terkait GCG dissemination and training activities for all
GCG kepada seluruh Insan Indocement. Pada 2025, Indocement Personnel. In 2025, the dissemination
kegiatan sosialisasi dan pelatihan terkait GCG yang and training activities related to GCG carried out by
dilaksanakan Perseroan antara lain: the Company included:
Topik Pelaksanaan
No.
Theme Implementation
1. Pedoman Etika Indocement, kebijakan Perusahaan, dan kebijakan Grup Sosialisasi dilakukan untuk karyawan baru
Indocement Code of Conduct, Company policies, and Group policies (on-boarding class)
Socialization conducted for new employees
(on-boarding class)
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Tata Kelola Perusahaan
Corporate Governance
Topik Pelaksanaan
No.
Theme Implementation
2. Sustaining growth through Legal Governance – effective governance, risk and Legal Compliance Week VII yang diadakan
materiliality assessment, serta upaya perbaikan untuk kebijakan pelaporan pada 18 September 2025.
keberlanjutan. Legal Compliance Week VII, which was held
Sustaining growth through Legal Governance – effective governance, risk and on 18 September 2025.
materiality assessment, and improvements to sustainability reporting policies.
3. Pelindungan Data Pribadi – Kepatuhan terhadap prinsip hukum, pemrosesan
data yang sah, aman serta prosedur penanganan insiden jika terjadi
pelanggaran data.
Personal Data Protection – Compliance with legal principles, lawful and secure
data processing, and incident management procedures in the event of data
breach.
4. Pelatihan Compliance Basic (recurrence) Untuk karyawan yang tidak memiliki akses
Training of Compliance Basic (recurrence) ke Workday, dengan cara mengunggah
5. Pelatihan Preventing Corruption (recurrence) video training dalam saluran e-Learning
Training of Preventing Corruption (recurrence) Indocement dan dapat diakses oleh seluruh
karyawan yang menjadi target.
6. Pelatihan Competition Law (recurrence) For employees with no access to
Training of Competition Law (recurrence) Workday, the training video is uploaded
7. Pelatihan Human Rights (recurrence) to Indocement’s e-Learning channel and
Training of Human Rights (recurrence) accessible to all targeted employees.
8. Resosialisasi Kebijakan Group tentang Hukum Persaingan dan Antikorupsi Sosialisasi dilaksanakan melalui Intranet.
Resocialization of Group Policies on Competition Law and Anti-Corruption Socialization conducted via Intranet.
9. Sosialisasi mengenai pentingnya keamanan siber di Perseroan Podcast Cyber Security Awereness yang
Socialization on the importance of cybersecurity in the Company dilakukan pada 2 September 2025.
Cyber Security Awereness Podcast, held on
2 September 2025.
Struktur dan Mekanisme
Tata Kelola Perusahaan
Structure and Mechanism of Corporate Governance
Rapat Umum
Pemegang Saham
General Meeting
of Shareholders
Dewan Komisaris
Board of Commissioners
Direksi
Board of Directors
Komite Komite Nominasi
Sekretaris Komite
Hak Asasi dan Remunerasi
Perusahaan Audit Internal Komite ESG Komite Etika Keselamatan Komite Audit
Manusia Nomination and
Corporate Internal Audit ESG Committee Ethics Committee Safety Audit Committee
Human Rights Remuneration
Secretary Committee
Committee Committee
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Merujuk pada Undang-Undang Nomor 40 Tahun Pursuant to Law No. 40 of 2007 on Limited Liability
2007 tentang Perseroan Terbatas, organ Indocement Companies, the organs of Indocement consist of:
terdiri dari: 1. General Meeting of Shareholders (GMS) is the
1. Rapat Umum Pemegang Saham (RUPS) adalah Company’s organ that has authority not given to
organ Perseroan yang mempunyai wewenang the Board of Directors or Board of Commissioners;
yang tidak diberikan kepada Direksi atau Dewan 2. Board of Commissioners is the Company’s organ
Komisaris; with duties to generally and/or specifically
2. Dewan Komisaris adalah organ Perseroan yang supervise in accordance with the articles of
bertugas melakukan pengawasan secara umum association as well as to provide advice to the
dan/atau khusus sesuai dengan anggaran dasar Board of Directors;
serta memberi nasihat kepada Direksi; 3. Board of Directors is the Company’s organ that
3. Direksi adalah organ Perseroan yang berwenang has full authorities and responsibilities on the
dan bertanggung jawab penuh atas pengurusan Company’s management for the Company’s
Perseroan untuk kepentingan Perseroan, sesuai interest, in accordance with the Company’s
dengan maksud dan tujuan Perseroan serta purposes and objectives, as well as representing
mewakili Perseroan, baik di dalam maupun di luar the Company, either inside or outside the court,
pengadilan sesuai dengan ketentuan anggaran in accordance with the articles of association.
dasar.
Selain ketiga organ utama tersebut, sesuai dengan Apart from such three main organs, in accordance
peraturan perundang-undangan, Perseroan dapat with the laws and regulations, the Company may
membentuk organ pendukung untuk membantu establish supporting organs to assist the Board of
Dewan Komisaris dan Direksi dalam menjalankan Commissioners and Board of Directors in carrying
fungsi, tugas, dan tanggung jawabnya untuk out their functions, duties, and responsibilities to
mencapai tujuan, visi, dan misi Perseroan. achieve the Company’s purpose, vision, and mission.
Hingga akhir 2025, organ pendukung yang dimiliki Until the end of 2025, the supporting organs of the
Perseroan antara lain: Company are as follows:
1. Organ pendukung Dewan Komisaris: 1. Board of Commissioners’ supporting organs:
a. Komite Audit; dan a. Audit Committee; and
b. Komite Nominasi dan Remunerasi. b. Nomination and Remuneration Committee.
2. Organ pendukung Direksi: 2. Board of Directors’ supporting organs:
a. Komite Keselamatan; a. Safety Committee;
b. Komite Etika; b. Ethics Committee;
c. Komite ESG; c. ESG Committee;
d. Komite Hak Asasi Manusia; d. Human Rights Committee;
e. Sekretaris Perusahaan; dan e. Corporate Secretary; and
f. Audit Internal. f. Internal Audit.
Mekanisme dan Proses Tata Kelola Mechanism and Process of Governance
Penerapan GCG pada Perseroan melibatkan berbagai GCG implementation in the Company involves
pihak dalam Perseroan dengan peran dan fungsi various parties within the Company with varying
yang berbeda-beda. Oleh sebab itu, dibutuhkan roles and functions. Therefore, appropriate policies
kebijakan dan prosedur yang tepat yang mengatur and procedures are needed to regulate functions,
fungsi, tugas dan wewenang masing-masing organ duties, and authorities of each organ to achieve
agar dapat mencapai tujuan yang diharapkan serta the desired objectives and regulate the relationship
mengatur pola hubungan antar organ. Kebijakan between the organs. Policies related to GCG of the
terkait GCG yang dimiliki Perseroan antara lain: Company among others are as follows:
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Tata Kelola Perusahaan
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Pertama Diterbitkan Terakhir Dimutakhirkan
No. Soft Structure
First Issued Last Updated
PT Indocement Tunggal Prakarsa Tbk.
1. Nilai-nilai Perusahaan (ASIST) 12 Oktober 2000 13 Mei 2022
Corporate Values (ASIST) 12 October 2000 13 May 2022
2. Gaya Kepemimpinan Baru 12 Oktober 2000 13 Mei 2022
New Leadership Styles 12 October 2000 13 May 2022
3. Pedoman Etika Indocement 30 Mei 2006 7 Juli 2023
Indocement Code of Conduct 30 May 2006 7 July 2023
4. Kode Etik Rekanan Indocement 1 Agustus 2017 Oktober 2023
Indocement Vendor Code of Conduct 1 August 2017 October 2023
5. Piagam Direksi 4 Desember 2015 29 November 2022
Board of Directors Charter 4 December 2015
6. Piagam Dewan Komisaris 4 Desember 2015 29 November 2022
Board of Commissioners Charter 4 December 2015
7. Kebijakan Hak Asasi Manusia 2 Mei 2023 -
Human Rights Policy 2 May 2023
8. Pedoman Komunikasi untuk Pemegang Saham dan 5 Desember 2017 31 Oktober 2024
Investor 5 December 2017 31 October 2024
Communication Guidelines for Shareholders and
Investors
9. Piagam Komite Audit 6 Desember 2001 6 Desember 2013
Audit Committee Charter 6 December 2001 6 December 2013
10. Piagam Komite Nominasi dan Remunerasi 4 Desember 2015 -
Nomination and Remuneration Committee Charter 4 December 2015
11. Piagam Internal Audit 21 Agustus 2008 10 Mei 2016
Internal Audit Charter 21 August 2008 10 May 2016
12. Piagam Sekretaris Perussahaan 17 November 2021 -
Corporate Secretary Charter
13. Piagam Komite Hak Asasi Manusia 2 Mei 2023 22 Maret 2024
Human Rights Committee Charter 2 May 2023 22 March 2024
14. Piagam Komite Environment, Sustainability & Governance 30 November 2021 22 Maret 2024
Environment, Sustainability & Governance Committee 22 March 2024
Charter
15. Piagam Komite Etika 1 November 2018 22 Maret 2024
Ethics Committee Charter 22 March 2024
16. Kebijakan Program Kepatuhan Hukum dan Pelaksanaan 31 Agustus 2021 -
Tata Kelola Perseroan yang Baik 31 August 2021
Compliance Policy Program and Implementation of Good
Corporate Governance
17. Petunjuk Pelaksanaan Pencegahan Korupsi, Kolusi, 11 September 2023 -
Nepotisme, dan Gratifikasi
Guidelines for the Prevention of Corruption, Collusion,
Nepotism, and Gratification
Heidelberg Materials AG
18. Sarana Pelaporan Pelanggaran 1 Agustus 2017 April 2020
Whistleblowing Channels 1 August 2017
19. Kode Etik Rekanan Grup 1 Agustus 2017 Oktober 2024
Group Vendor Code of Conduct 1 August 2017 October 2024
20. Pedoman Perilaku Bisnis Grup 2010 Januari 2024
Code of Business Conduct of Group January 2024
21. Pedoman Antikorupsi Grup 1 Oktober 2007 September 2023
Anti-Corruption Guidelines of Group 1 October 2007
22. Kebijakan Kepatuhan Grup April 2020 Januari 2024
Group Compliance Policy January 2024
23. Pedoman Hukum Persaingan Grup 22 Juli 2008 Desember 2024
Group Competition Law Guideline 22 July 2008 December 2024
24. Pedoman Kode Etik Pemasok Grup 2011 Oktober 2023
Group Supplier Code of Conduct October 2023
25. Kebijakan Sanksi Dagang Grup 19 November 2014 1 Agustus 2024
Group Trade Sanction Policy 1 August 2024
26. Kebijakan Manajemen Kepatuhan Hak Asasi Manusia Grup Oktober 2022 -
Group Human Rights Compliance Management Policy October 2022
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Pertama Diterbitkan Terakhir Dimutakhirkan
No. Soft Structure
First Issued Last Updated
27. Pernyataan Kebijakan tentang Hak Asasi Manusia 11 Juli 2025 -
Human Rights Policy Statement 11 July 2025
28. Kebijakan Anti Pencucian Uang November 2018 September 2023
Anti-Money Laundering Policy
29. Kebijakan Pelaporan Insiden Kepatuhan dan Manajemen Januari 2020 Mei 2022
Kasus January 2020 May 2022
Compliance Incident Reporting and Case Management
Policies
30. Kebijakan Tanda Tangan Elektronik Februari 2021 -
Electronic Signature Policy February 2021
31. Kebijakan Pokok Grup April 2022 September 2023
Group Master Policy
32. Kebijakan Keamanan Informasi Grup April 2024 -
Group Information Security Policy
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Rapat Umum Pemegang Saham (RUPS) adalah The General Meeting of Shareholders (GMS) is the
organ tata kelola perusahaan tertinggi pengambil highest corporate governance organ which adopts
keputusan tertinggi di Perseroan, dan memiliki the highest resolutions in the Company. It has
kekuasaan yang tidak dimiliki oleh Dewan Komisaris powers not held by the Board of Commissioners or
atau Direksi, termasuk di dalamnya hak untuk Board of Directors, including the right to appoint and
mengangkat dan memberhentikan Dewan Komisaris dismiss members of the Board of Commissioners
dan Direksi serta meminta pertanggungjawaban and Board of Directors and to hold them accountable
mereka atas manajemen Perseroan. RUPS juga for the Company’s management. GMS also serves as
menjadi sarana bagi pemegang saham untuk a means for shareholders to adopt important and
mengambil keputusan yang penting dan strategis. strategic resolutions. The Company’s GMS is held in
RUPS Perseroan diselenggarakan dengan mengacu accordance with the provisions, including:
pada ketentuan antara lain: 1. Law No. 40 of 2007 on Limited Liability Company;
1. Undang-Undang Nomor 40 Tahun 2007 tentang 2. OJK Regulation No. 15/POJK.04/2020 dated 21
Perseroan Terbatas; April 2020 on Planning and Organizing General
2. Peraturan OJK Nomor 15/POJK.04/2020 tanggal Meetings of Shareholders of Public Companies
21 April 2020 tentang Rencana dan (POJK 15/2020);
Penyelenggaraan Rapat Umum Pemegang Saham 3. OJK Regulation No. 16/POJK.04/2020 dated 21
Perusahaan Terbuka (POJK 15/2020); April 2020 on Organizing General Meetings of
3. Peraturan OJK Nomor 16/POJK.04/2020 tanggal Shareholders of Public Companies Electronically
21 April 2020 tentang Pelaksanaan Rapat Umum (POJK 16/2020); and
Pemegang Saham Perusahaan Terbuka Secara 4. The Company’s Articles of Association.
Elektronik (POJK 16/2020); dan
4. Anggaran Dasar Perseroan.
Jenis RUPS Types of GMS
Perseroan mengenal dua jenis RUPS, yaitu: The Company holds two types of GMS, which are:
1. RUPS Tahunan 1. Annual GMS
Merupakan RUPS yang diadakan setiap tahun, GMS held annually, with an implementation
dengan jangka waktu pelaksanaan paling lambat period of no later than six months after the end
enam bulan setelah penutupan tahun buku of the Company’s financial year.
Perseroan.
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2. RUPS Luar Biasa 2. Extraordinary GMS
Merupakan RUPS yang diadakan sewaktu-waktu GMS held at any time, subject to stakeholders’
yang dilandaskan dengan persetujuan pemangku approval if the Company requires shareholders’
kepentingan apabila Perseroan memerlukan approval, including but not limited to corporate
persetujuan pemegang saham, termasuk namun action, amendments to the Company’s Articles of
tidak terbatas pada aksi korporat, perubahan Association, transactions with conflict of interest
Anggaran Dasar Perseroan, transaksi dengan in accordance with capital market regulation,
benturan kepentingan sesuai ketentuan pasar merger, acquisition, and other corporate action.
modal, merger, akuisisi, dan aksi korporasi
lainnya.
Hak Pemegang Saham dalam RUPS Shareholders’ Rights in the GMS
Dalam penyelenggaraan RUPS, setiap pemegang At the GMS, each shareholder has the following
saham memiliki hak untuk: rights:
1. Mengajukan usulan agenda RUPS sesuai 1. Propose a GMS agenda according to the applicable
ketentuan yang berlaku, selambat-lambatnya provisions, no later than seven days before the
tujuh hari sebelum tanggal panggilan rapat; GMS notice;
2. Diberi kesempatan untuk mengajukan pertanyaan 2. Given opportunity to ask questions and/or
dan/atau menyatakan pendapatnya terkait convey opinions concerning GMS’s agenda, with
dengan materi agenda RUPS, dengan mekanisme mechanism as below:
sebagai berikut: a. Chairperson will give opportunity to each
a. Pimpinan rapat akan memberikan kesempatan shareholder or the proxy to ask question and/
kepada setiap pemegang saham atau or express opinion in each agenda item; and
kuasanya untuk mengajukan pertanyaan dan/ b. Only shareholders or their proxies who are
atau menyatakan pendapatnya dalam setiap eligible to ask question and/or express
mata acara; dan opinion.
b. Hanya pemegang saham atau kuasanya yang
sah berhak untuk mengajukan pertanyaan
dan/atau menyatakan pendapat;
Bagi pemegang saham yang hadir secara fisik: For shareholders who are physically present:
a. Pemegang saham atau kuasanya yang ingin a. Shareholders or their proxies who wish to ask
mengajukan pertanyaan dan/atau menyatakan question and/or express opinion are required
pendapatnya diminta untuk mengangkat to raise their hand and submit the completed
tangan, dan menyerahkan formulir pertanyaan question form to an officer to be submitted to
yang telah diisi kepada petugas untuk the chairperson of the meeting; and
diserahkan kepada pimpinan rapat; dan b. After the question forms are collected,
b. Setelah formulir pertanyaan tersebut the shareholders or their proxies are given
terkumpul, maka secara bergilir pemegang opportunity to ask question or express opinion
saham atau kuasanya tersebut diberikan in turn in front of the provided microphone.
kesempatan mengajukan pertanyaan atau
pendapatnya di depan mikrofon yang telah
disediakan.
Bagi pemegang saham yang hadir secara For shareholders who attend electronically
elektronik (daring) melalui system eASY.KSEI: (online) through eASY.KSEI system:
a. Pemegang saham dapat mengajukan a. Shareholders can ask questions according to
pertanyaan sesuai ketentuan dan tata cara the provisions and procedures in the eASY.
dalam sistem eASY.KSEI; KSEI system;
b. Perseroan akan menonaktifkan fitur raise hand b. The Company will deactivate the raise hand
dan allow to talk dalam webinar pada fasilitas and allow to talk features in webinars on
AKSes, sehingga Perseroan menghimbau AKSes facility. Therefore, the Company
agar pemegang saham/kuasanya dapat urges shareholders/their proxies to submit
menyampaikan pertanyaan atau pendapat per questions or opinions per agenda item in
mata acara secara tertulis dengan fitur chat writing through chat feature in the Electronic
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pada kolom Electronic Opinions yang tersedia Opinions column provided on the eASY.KSEI
dilayar E-Meeting Hall eASY.KSEI. Pemberian E-Meeting Hall screen. Questions and/or
pertanyaan dan/atau pendapat dapat dilakukan opinions can be submitted as long as the
selama status pelaksanaan Rapat pada kolom Meeting implementation status in the General
General Meeting Flow Text adalah Discussion Meeting Flow Text column is Discussion
started for agenda item no. [ ]; dan started for agenda item no. [ ]; and
c. Jawaban atas pertanyaan maupun pendapat c. Answers to questions or opinions for each
untuk tiap mata acara akan dijawab secara agenda item will be provided in live session.
live, sehingga jawaban atas pertanyaan atau Therefore, answers to questions or opinions
pendapat dari pemegang saham/kuasanya from shareholders/their proxies that appear in
yang muncul di flow text eASY.KSEI tidak akan the eASY.KSEI flow text will not be answered
dijawab secara tertulis; in writing;
d. Kemudian pimpinan rapat atau anggota d. Then, the meeting chairperson or member of
Direksi akan menjawab atau menanggapinya the Board of Directors will provide answer or
satu per satu. response one by on.
3. Melakukan pengambilan suara, apabila keputusan 3. Conducting a vote, when the decision can not
tidak dapat dicapai melalui musyarawah untuk be reached through deliberation for consensus,
mufakat, dengan ketentuan sebagai berikut: under the following provisions:
a. Pemungutan suara bagi pemegang saham a. The voting is carried out with the shareholders
yang hadir secara fisik menggunakan kartu who are physically attending use ballot paper,
suara, sedangkan pemegang saham yang hadir while the shareholders who are attending
secara daring, dilakukan dengan menggunakan virtually use the eASY.KSEI system since the
sistem eASY.KSEI sejak panggilan RUPS GMS notice is carried out and is closed when
dilakukan dan ditutup ketika pemungutan voting is conducted on each GMS agenda
suara dilakukan pada masing-masing agenda item;
RUPS; b. Each share gives the right to the holder to cast
b. Setiap saham memberikan hak kepada one vote. In the event that a shareholder has
pemegangnya untuk mengeluarkan satu more than one share, such is only required to
suara. Apabila seorang pemegang saham vote once and this one vote represents the
memiliki lebih dari satu saham, maka ia hanya entire shares owned or represented; and
diminta untuk memberikan suara satu kali c. Pursuant to OJK regulations, shareholders
dan suaranya itu mewakili seluruh saham who are abstain are considered to vote the
yang dimilikinya atau diwakilinya; dan same as the vote of the majority shareholders.
c. Sesuai ketentuan OJK, pemegang
saham yang memberikan suara abstain,
dianggap mengeluarkan suara yang sama
dengan mayoritas pemegang saham yang
mengeluarkan suara.
Hubungan Perseroan dengan Pemegang Relationship between the Company and
Saham Shareholders
Hubungan Perseroan dengan pemegang saham, Relationship between the Company and shareholders
didasarkan pada ketentuan sebagai berikut: is based on the following provisions:
1. Memenuhi hak setiap pemegang saham untuk 1. Fulfilling each shareholder’s rights to receive
mendapatkan perlakuan yang adil dan wajar fair and reasonable treatment in line with the
sesuai peraturan perundang-undangan yaitu laws and regulations, which is by announcing
dengan mengumumkan rencana pelaksanaan the plan to hold a GMS so that shareholders can
RUPS agar pemegang saham dapat menghadiri attend and vote in the GMS, either Annual GMS or
dan memberikan suara dalam RUPS baik RUPS Extraordinary GMS;
Tahunan maupun RUPS Luar Biasa; 2. The Company delivers material information in
2. Perseroan memberikan informasi material a timely, measurable, and orderly manner to
secara tepat waktu, terukur, dan teratur kepada shareholders;
pemegang saham;
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3. Perseroan melaksanakan hasil RUPS untuk 3. The Company executing the GMS resolutions to
mencapai kinerja yang optimal dengan achieve optimum performance by submitting
memberikan laporan secara berkala mengenai periodic report on follow up of the GMS resolutions
tindak lanjut hasil RUPS dalam rangka in order to add value for shareholders; and
memberikan nilai tambah bagi pemegang saham; 4. The Company distributing the Company’s profits
dan to the shareholders in the form of dividends and
4. Perseroan membagikan keuntungan Perseroan the remaining assets resulting from liquidation,
kepada pemegang saham dalam bentuk dividen in proportion to the number of shares owned.
dan sisa kekayaan hasil likuidasi, sebanding
dengan jumlah saham yang dimiliki.
Pelaksanaan RUPS Tahunan Tahun 2025 The Company's 2025 Annual GMS
Pada 2025, Perseroan menyelenggarakan RUPS In 2025, the Company held an Annual GMS on 21
Tahunan pada 21 Mei 2025. RUPS tersebut May 2025. The Annual GMS was conducted in Melati
dilaksanakan di Ruang Melati, Wisma Indocement, Room, Wisma Indocement, Jalan Jenderal Sudirman
Jalan Jenderal Sudirman Kav. 70–71, Jakarta 12910. Kav. 70–71, Jakarta 12910.
Penyelenggaraan RUPS Tahunan tersebut The Annual GMS was held in hybrid meeting by using
dilaksanakan secara hybrid dengan menggunakan eASY.KSEI provided by PT Kustodian Sentral Efek
eASY.KSEI yang disediakan oleh PT Kustodian Indonesia and was adjusted to the provisions of
Sentral Efek Indonesia dan telah disesuaikan dengan the articles of association, POJK 15/2020, and POJK
ketentuan anggaran dasar, POJK 15/2020, dan POJK 16/2020.
16/2020.
Tahapan penyelenggaraan RUPS Tahunan Perseroan The stages for implementing the Company’s Annual
sebagai berikut: GMS are as follows:
Keterangan RUPS Tahunan
Description Annual GMS
Pemberitahuan ke OJK tentang rencana dan agenda RUPS Melalui surat Nomor 035/ITP-CLCC/III/2025 tanggal 27 Maret
Tahunan 2025 juncto surat Nomor 044/ITP-CLCC/IV/2025 tanggal 14 April
Notification to OJK on the plan and agenda of Annual GMS 2025
Through letter No. 035/ITP-CLCC/III/2025 dated 27 March 2025
in conjunction with letter No. 044/ITP-CLCC/IV/2025 dated
14 April 2025
Pengumuman RUPS Tahunan 14 April 2025
Annual GMS Announcement
Pemanggilan RUPS Tahunan 29 April 2025
Annual GMS Notice
Penyelenggaraan 21 Mei 2025, Pukul 09.50 WIB s/d pukul 11.23 WIB, Hybrid di
Convention Ruang Melati, Gedung Wisma Indocement, Jalan Jenderal
Sudirman, Kaveling 70–71, Jakarta 12910.
21 May 2025, 09.50 AM to 11.23 AM Western Indonesia Time,
Hybrid - Melati Room, Wisma Indocement Building, Jalan
Jenderal Sudirman, Kaveling 70–71, Jakarta 12910.
Pengumuman Ringkasan Risalah RUPS Tahunan 22 Mei 2025
Announcement of Summary of Annual GMS Minutes 22 May 2025
Penyampaian Risalah RUPS Tahunan kepada OJK 7 Juli 2025
Submission of Annual GMS Minutes to OJK 7 July 2025
Kewajiban pelaporan di atas dilakukan oleh Perseroan The reporting obligations above are fulfilled by the
menggunakan sistem pelaporan elektronik BEI dan Company using the electronic reporting system of
OJK dan diumumkan di situs web Perseroan dan IDX and OJK and are published on the Company’s
dalam sistem eAsy.KSEI. website and in eAsy.KSEI system.
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Keterangan RUPS Tahunan
Description Annual GMS
Pimpinan Rapat Simon Subrata - Wakil Komisaris Utama/Komisaris Independen
Chairman of the GMS Simon Subrata - Vice President Commissioner/Independent Commissioner
Kuorum Kehadiran RUPS Tahunan dihadiri oleh pemegang saham atau kuasanya yang sah sejumlah 2.895.547.358 saham
Attendance Quorum atau sama dengan 86,435% dari total 3.681.231.699 saham dikurangi dengan saham yang dikuasai
Perseroan karena pembelian kembali saham Perseroan sebesar 331.257.800 saham, sesuai dengan
Daftar Pemegang Saham Perseroan per tanggal 28 April 2025 sampai dengan pukul 16.00 WIB.
The Annual GMS was attended by shareholders or their proxies of 2,895,547,358 shares, or equal to
86.435% of the total 3,681,231,699 shares, minus the shares controlled by the Company due to its
shares buyback of 331,257,800 shares, according to the Shareholders Register as of 28 April 2025 until
4 PM Western Indonesian Time.
Kehadiran Direksi dan Dewan Komisaris
Dewan Komisaris • Komisaris Utama: Roberto Callieri
Attendance of the Board • Wakil Komisaris Utama/Komisaris Independen: Tedy Djuhar (hadir melalui media elektronik)
of Directors and Board of • Wakil Komisaris Utama/Komisaris Independen: Simon Subrata
Commissioners • Komisaris Independen: Fransiscus Welirang
• Komisaris: Juan Francisco Defalque
Direksi
• Direktur Utama: Christian Kartawijaya
• Wakil Direktur Utama: Benny Setiawan Santoso
• Direktur: Hasan Imer
• Direktur: Troy Dartojo Soputro
• Direktur: Oey Marcos
• Direktur: Holger Mørch
• Direktur: Sunnira Ly
Board of Commissioners
• President Commissioner: Roberto Callieri
• Vice President Commissioner/Independent Commissioner: Tedy Djuhar (present via electronic media)
• Vice President Commissioner/Independent Commissioner: Simon Subrata
• Independent Commissioner: Fransiscus Welirang
• Commissioner: Juan Francisco Defalque
Board of Directors
• President Director: Christian Kartawijaya
• Vice President Director: Benny Setiawan Santoso
• Director: Hasan Imer
• Director: Troy Dartojo Soputro
• Director: Oey Marcos
• Director: Holger Mørch
• Director: Sunnira Ly
Kehadiran Pihak • Yusron dan Chandra Kusuma Putra dari Kantor Akuntan Publik "Rintis, Jumadi, Rianto dan Rekan"
Independen (firma anggota jaringan global PwC).
Attendance of • Notaris Deni Thanur S.E., S.H., M.Kn.
Independent Parties • Harsoyo dari PT Raya Saham Registra.
• Diah Irianti, sebagai independen representatif pemegang saham.
• Yusron and Chandra Kusuma Putra from Public Accounting Firm “Rintis, Jumadi, Rianto dan Rekan”
(member firm of PwC global network).
• Notary Deni Thanur S.E., S.H., M.Kn.
• Harsoyo from PT Raya Saham Registra.
• Diah Irianti, as independent representative of shareholders.
Pemberian kesempatan Dalam pembahasan setiap mata acara rapat, para pemegang saham atau kuasanya yang sah diberikan
untuk bertanya dan kesempatan untuk mengajukan pertanyaan dan/atau menyatakan pendapat terkait mata acara rapat.
mengajukan pendapat During the discussion of each agenda item of the meeting, shareholders or their proxies are given
Provision of opportunity to the opportunity to ask questions and/or express opinions related to the agenda item of the meeting.
ask questions and submit
opinions
Mekanisme pengambilan • Keputusan rapat diambil berdasarkan musyawarah untuk mufakat.
keputusan • Apabila musyawarah untuk mufakat tidak tercapai, keputusan diambil melalui pemungutan suara.
Mechanism in decision Pemungutan suara dilakukan secara lisan dengan cara mengangkat tangan dan menyerahkan kartu
making suara bagi pemegang saham yang hadir secara fisik dan bagi pemegang saham yang mengikuti
jalannya rapat secara elektronik memasukkan suaranya pada sistem eASY.KSEI.
• Meeting resolutions were adopted based on deliberation to reach consensus.
• In the event that deliberation for consensus was not reached, voting was conducted to adopt
resolutions. Voting is conducted by raising hands and submitting ballot paper for shareholders who
are physically present and by casting votes into the eASY.KSEI for shareholders who attend the
meeting electronically.
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Corporate Governance
Hasil keputusan RUPS Tahunan telah dituangkan The resolutions of the Annual GMS stated in the
dalam Akta Berita Acara Rapat Umum Pemegang Deed of Minutes of the Company’s Annual General
Saham Tahunan Perseroan Nomor 06, tanggal 21 Mei Meeting of Shareholders No. 06, dated 21 May 2025,
2025, yang dibuat oleh Notaris Deni Thanur, S.E., made by Notary Deni Thanur, S.E., S.H., M.Kn., are as
S.H., M.Kn. adalah sebagai berikut: follows:
Mata Acara Rapat Pertama Persetujuan laporan tahunan Perseroan termasuk laporan tugas Pengawasan Dewan Komisaris dan
1st Agenda Item of the pengesahan Laporan Keuangan Konsolidasian Perseroan untuk tahun buku 2024.
Meeting Approval of the Company’s annual report, including the Board of Commissioners’ supervisory report
and validation of the Company’s 2024 Consolidated Financial Statements.
Jumlah Pemegang Saham Dua Pemegang Saham
yang Bertanya Two Shareholders
Number of Shareholders
Asking Questions
Pengambilan Keputusan Setuju Tidak Setuju Total Suara Setuju
Adopting Resolutions By Abstain
Agree Disagree Total Agree
2.869.470.782 atau | or 441.500 atau | or 25.635.076 atau | or 2.895.105.858 atau | or
99,099% 0,015% 0,885% 99,985%
Keputusan Rapat 1. Menyetujui dan menerima laporan tahunan Perseroan termasuk laporan tugas pengawasan
Meeting Resolutions Dewan Komisaris Perseroan tahun buku 2024.
2. Mengesahkan laporan keuangan konsolidasian Perseroan tahun buku 2024 yang terdiri dari
neraca dan perhitungan laba rugi konsolidasi serta penjelasan atas dokumen tersebut yang telah
diaudit oleh Kantor Akuntan Publik "Rintis, Jumadi, Rianto dan Rekan" (firma anggota jaringan
global PwC), dengan pendapat "Wajar Tanpa Modifikasian" sesuai dengan laporannya Nomor:
00316/2.1457/AU.1/04/1137-2/1/III/2025 tanggal 21 Maret 2025, dan menyatakan bahwa Laporan
keuangan konsolidasian Perseroan untuk tahun buku 2024 yang telah diserahkan kepada OJK
serta BEI pada tanggal 21 Maret 2025 melalui Extensible Business Reporting Language dalam
sistem pelaporan elektronik terintegrasi OJK dan BEI serta telah dipublikasi dalam situs web
Perseroan disahkan tanpa perubahan dalam rapat, sehingga tidak perlu diumumkan kembali,
sebagaimana disyaratkan dalam Pasal 68 ayat 4 Undang-Undang Nomor 40 Tahun 2007 tentang
Perseroan Terbatas berikut perubahannya.
3. Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de
charge) kepada segenap anggota Direksi dan anggota Dewan Komisaris Perseroan masing-masing
atas tindakan pengurusan dan pengawasan yang telah dijalankan dalam tahun buku yang berakhir
pada tanggal 31 Desember 2024, sepanjang tindakan tersebut tercermin dalam Laporan Tahunan
dan Laporan Keuangan konsolidasian Perseroan tahun buku 2024, dan bukan merupakan tindak
pidana atau pelanggaran terhadap ketentuan peraturan perundang-undangan yang berlaku.
1. Approved the Company’s annual report, including the Board of Commissioners’ supervisory
report for the 2024 financial year.
2. Ratified the Company’s consolidated financial statements for the 2024 financial year, consisting
of consolidated balance sheet and profit loss calculation, including notes to such documents,
which have been audited by Public Accounting Firm “Rintis, Jumadi, Rianto dan Rekan” (member
firm of PwC global network), with the opinion of "unmodified" as per its report No: 00316/2.1457/
AU.1/04/1137-2/1/III/2025 dated 21 March 2025, and stated that the Company’s consolidated
financial statements for the 2024 financial year submitted to OJK and IDX on 21 March 2025,
through the Extensible Business Reporting Language in the integrated electronic reporting system
of OJK and IDX and published on the Company’s website was declared without any changes in
the meeting, which therefore, no need to re-announce as required by Article 68, paragraph 4 of
the Law No. 40 of 2007 on Limited Liability Companies and their amendments.
3. Granted full release and discharge of responsibility (volledig acquit et de charge) to the entire
members of Board of Directors and Board of Commissioners for their respective management
and supervisory actions performed in the financial year ended on 31 December 2024, provided
that such actions are reflected in the Company’s annual report as well as consolidated financial
statements for the 2024 financial year and are not criminal act or a violation against the provisions
of applicable laws and regulations.
Tindak Lanjut Keputusan langsung berlaku efektif.
Follow Up The resolution was immediately effective.
Laporan Tahunan 2025 Annual Report 211
Page 212
Mata Acara Rapat Kedua Penetapan penggunaan laba bersih Perseroan tahun buku 2024.
2nd Agenda Item of the Appropriate of the Company’s net profit for the 2024 financial year.
Meeting
Jumlah Pemegang Saham Tidak ada
yang Bertanya None
Number of Shareholders
Asking Questions
Pengambilan Keputusan Setuju Tidak Setuju Total Suara Setuju
Adopting Resolutions By Abstain
Agree Disagree Total Agree
2.872.400.582 atau | or 407.700 atau | or 22.739.076 atau | or 2.895.139.658 atau | or
99,201% 0,014% 0,785% 99,986%
Keputusan Rapat Menyetujui penggunaan laba bersih tahun berjalan tahun buku 2024 yang dapat diatribusikan
Meeting Resolutions kepada pemilik entitas induk Perseroan sebesar Rp2.007.945.865.447 sebagai berikut:
a. Membagikan dividen tunai kepada pemegang saham Perseroan sebesar Rp259 per satu saham,
tanpa memperhitungkan jumlah saham yang dikuasai Perseroan karena pembelian kembali
saham oleh Perseroan (saham treasury), dengan total nilai dividen sebesar Rp867.643.239.841.
b. Sisa laba bersih tahun berjalan tahun buku 2024 setelah pembagian dividen tunai tersebut akan
dicatat sebagai bagian dari saldo laba ditahan yang belum ditentukan penggunaannya.
c. Pemegang saham yang berhak atas dividen tunai tersebut adalah pemegang saham yang namanya
tercatat dalam daftar pemegang saham Perseroan pada hari Rabu, 4 Juni 2025, pukul 16.00 WIB.
d. Memberikan kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi untuk
menetapkan dan mengatur tata cara pembayaran dividen kepada pemegang saham dengan
memperhatikan ketentuan PT Bursa Efek Indonesia, untuk periode cum dividen untuk pasar
reguler dan pasar negosiasi adalah hari Senin, 2 Juni 2025; dan ex dividen-nya adalah hari Selasa,
3 Juni 2025. Sedangkan cum dividen untuk pasar tunai adalah hari Rabu, 4 Juni 2025 dan ex
dividen-nya adalah hari Kamis, 5 Juni 2025. Pembayaran dividen dilakukan sejak hari Jumat, 20
Juni 2025. Pajak atas dividen tunai akan diberlakukan sesuai ketentuan perpajakan yang berlaku
di Indonesia.
Approved the appropriation of net profit for the year of the 2024 financial year attributable to the
owners of the parent Company of Rp2,007,945,865,447 as follows:
a. Distributed cash dividends to the Company’s shareholders in the amount of Rp259 per one share,
without considering the number of shares owned by the Company due to the share buyback by
the Company (treasury shares), with a total dividend value of Rp867,643,239,841.
b. The remaining net profit for the year 2024 financial year after such cash dividend distribution was
recorded as part of the unappropriated retained earnings.
c. Shareholders entitled to receive cash dividend were shareholders whose names were registered
in the Shareholders register on Wednesday, 4 June 2025, at 4 PM Western Indonesian Time.
d. Granted power and authority to the Company’s Board of Directors with substitution right to
establish and describe the procedure for dividend payment to shareholders with due regard to
the provisions of Indonesia Stock Exchange (IDX). The cum dividend period for regular market and
negotiation market was Monday, 2 June 2025, and the ex-dividend period was Tuesday, 3 June
2025. While, cum dividend for cash market was Wednesday, 4 June 2025, and the ex-dividend
was Thursday, 5 June 2025. Dividend payment was made as from Friday, 20 June 2025. Tax of
the cash dividend shall be applied in accordance with the tax provisions applicable in Indonesia.
Tindak Lanjut Dividen tunai telah dibagikan kepada pemegang saham pada Jumat, 20 Juni 2025.
Follow Up Cash dividends were distributed to shareholders on Friday, 20 June 2025.
212 Laporan Tahunan 2025 Annual Report
Page 213
Tata Kelola Perusahaan
Corporate Governance
Mata Acara Rapat Ketiga Penunjukan akuntan publik dan kantor akuntan publik untuk mengaudit buku Perseroan tahun
3rd Agenda Item of the buku 2025.
Meeting Appointment of public accountant and public accounting firm to audit the Company’s books for
the 2025 financial year.
Jumlah Pemegang Saham Tidak ada
yang Bertanya None
Number of Shareholders
Asking Questions
Pengambilan Keputusan Setuju Tidak Setuju Total Suara Setuju
Adopting Resolutions By Abstain
Agree Disagree Total Agree
2.789.231.526 atau | or 83.616.756 atau | or 22.699.076 atau | or 2.811.930.602 atau | or
96,328% 2,888% 0,784% 97,112%
Keputusan Rapat 1. Menunjuk Akuntan Publik dan Kantor Akuntan Publik "Rintis, Jumadi, Rianto dan Rekan" (firma
Meeting Resolutions anggota jaringan global PwC), dan Lukmanul Arsyad sebagai Akuntan Publik atau partner lainnya
yang ditunjuk Kantor Akuntan Publik "Rintis, Jumadi, Rianto dan Rekan" untuk mengaudit buku
Perseroan tahun buku 2025.
2. Memberikan wewenang kepada Direksi untuk menetapkan uang jasa atau honorarium bagi kantor
akuntan publik tersebut serta persyaratan lain berkenaan dengan penunjukan kantor akuntan
publik tersebut.
3. Menyetujui memberikan kewenangan kepada Dewan Komisaris untuk menetapkan Kantor Akuntan
Publik pengganti bilamana kantor akuntan publik yang ditunjuk tidak dapat melaksanakan
tugasnya berdasarkan ketentuan pasar modal di Indonesia.
1. Appointed Public Accountant and Public Accounting Firm “Rintis, Jumadi, Rianto dan Rekan”
(member firm of PwC global network), and Lukmanul Arsyad as Public Accountant or other
partner appointed by Public Accounting Firm “Rintis, Jumadi, Rianto dan Rekan” to audit the
Company’s books for the 2025 financial year.
2. Granted authority to the Board of Directors to determine the services fee or honorarium for the
appointed public accounting firm and other requirements related to such appointment.
3. Approved to grant authority to the Board of Commissioners to assign a replacement for the
public accounting firm in the event that the appointed public accounting firm was unable to
carry out its duties based on the provisions of the capital market in Indonesia.
Tindak Lanjut Keputusan langsung berlaku efektif.
Follow Up The resolution was immediately effective.
Laporan Tahunan 2025 Annual Report 213
Page 214
Mata Acara Rapat Keempat Perubahan susunan Pengurus Perseroan.
4th Agenda Item of the Changes to the composition of the Company’s Management Members.
Meeting
Jumlah Pemegang Saham Tidak ada
yang Bertanya None
Number of Shareholders
Asking Questions
Pengambilan Keputusan Setuju Tidak Setuju Total Suara Setuju
Adopting Resolutions By Abstain
Agree Disagree Total Agree
2.714.352.313 atau | or 158.495.969 atau | or 22.699.076 atau | or 2.737.051.389 | or atau
93,742% 5,474% 0,784% 94,526%
Keputusan Rapat 1. Menyetujui dan menerima pengunduran diri Kevin Gerard Gluskie sebagai Komisaris Perseroan
Meeting Resolutions terhitung sejak ditutupnya rapat, disertai dengan ucapan terima kasih atas jasanya selama
menjabat sebagai Komisaris Perseroan, serta mengangkat Suharso Monoarfa, menggantikan
Kevin Gerard Gluskie selaku Komisaris Perseroan terhitung sejak ditutupnya rapat, untuk sisa
masa jabatan Kevin Gerard Gluskie.
2. Menyetujui penunjukan kembali Sunnira Ly sebagai Direktur Perseroan terhitung sejak ditutupnya
Rapat hingga penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku 2027
yang diselenggarakan pada tahun 2028.
Sehingga susunan Dewan Komisaris dan Direksi Perseroan terhitung sejak penutupan Rapat
sampai dengan penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku 2026,
yang akan diselenggarakan pada tahun 2027, kecuali untuk Roberto Callieri yang akan berakhir
pada penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku 2025 yang akan
diselenggarakan pada tahun 2026, dan Sunnira Ly, yang akan berakhir pada penutupan Rapat
Umum Pemegang Saham Tahunan Perseroan tahun buku 2027 yang akan diselenggarakan pada
tahun 2028 adalah sebagai berikut:
Dewan Komisaris:
» Komisaris Utama: Roberto Callieri
» Wakil Komisaris Utama/Komisaris Independen: Tedy Djuhar
» Wakil Komisaris Utama/Komisaris Independen: Simon Subrata
» Komisaris Independen: Franciscus Welirang
» Komisaris: Juan Francisco Defalque
» Komisaris: René Samir Aldach
» Komisaris: Suharso Monoarfa;
Direksi
» Direktur Utama: Christian Kartawijaya
» Wakil Direktur Utama: Benny Setiawan Santoso
» Direktur: Hasan Imer
» Direktur: Troy Dartojo Soputro
» Direktur: Oey Marcos
» Direktur: Holger Mørch
» Direktur: Sunnira Ly
3. Memberikan kuasa kepada Direksi Perseroan atau Sekretaris Perusahaan dengan hak substitusi
untuk menyatakan kembali keputusan mengenai perubahan susunan pengurus Perseroan
tersebut di hadapan Notaris dan selanjutnya memberitahukan kepada Menteri Hukum Republik
Indonesia, dan untuk itu melakukan segala tindakan yang diperlukan sesuai dengan peraturan
perundang-undangan.
214 Laporan Tahunan 2025 Annual Report
Page 215
Tata Kelola Perusahaan
Corporate Governance
1. Approved the resignation of Kevin Gerard Gluskie as the Company’s Commissioner as of the closing
of the Meeting, accompanied by a gratitude for his services while serving as the Commissioner,
and appointed Suharso Monoarfa to replace Kevin Gerard Gluskie as the Company’s Commissioner
starting from the closing of the Meeting, to the remaining term of office of Kevin Gerard Gluskie.
2. Approved the reappointment of Sunnira Ly as the Company’s Director starting from the closing
of the Meeting to the closing of the Company’s Annual General Meeting of Shareholders for the
2027 financial year, which will be held in 2028.
Therefore, the composition of the Board of Commissioners and Board of Directors from the
closing of the Meeting to the closing of the Company’s Annual General Meeting of Shareholders
for the 2026 financial year, which will be held in 2027, except for Roberto Callieri, whose term of
office will end at the closing of the Company’s Annual General Meeting of Shareholders for the
2025 financial year, which will be held in 2026, and Sunnira Ly, whose term of office will end at
the closing of the Company’s Annual General Meeting of Shareholders for the 2027 financial year,
which will be held in 2028, is as follows:
Board of Commissioners:
» President Commissioner: Roberto Callieri
» Vice President Commissioner/Independent Commissioner: Tedy Djuhar
» Vice President Commissioner/Independent Commissioner: Simon Subrata
» Independent Commissioner: Franciscus Welirang
» Commissioner: Juan Francisco Defalque
» Commissioner: René Samir Aldach
» Commissioner: Suharso Monoarfa;
Board of Directors
» President Director: Christian Kartawijaya
» Vice President Director: Benny Setiawan Santoso
» Director: Hasan Imer
» Director: Troy Dartojo Soputro
» Director: Oey Marcos
» Director: Holger Mørch
» Director: Sunnira Ly
3. Granted power to the Company’s Board of Directors or Corporate Secretary with substitution
rights to restate the resolutions regarding the changes in the Company’s management
composition before a Notary and then informed the Minister of Law of the Republic of Indonesia,
and therefore, took all necessary actions in accordance with the laws and regulations.
Tindak Lanjut Keputusan langsung berlaku efektif.
Follow Up The resolution was immediately effective.
Mata Acara Rapat Kelima Penetapan gaji dan tunjangan lainnya bagi Direksi dan honorarium bagi Dewan Komisaris
5th Agenda Item of the Perseroan.
Meeting Determination of the salary and other allowances for the Board of Directors and honorarium for
the Board of Commissioners.
Jumlah Pemegang Saham Tidak ada
yang Bertanya None
Number of Shareholders
Asking Questions
Pengambilan Keputusan Setuju Tidak Setuju Total Suara Setuju
Adopting Resolutions By Abstain
Agree Disagree Total Agree
2.805.961.453 atau | or 66.329.029 atau | or 23.256.876 atau | or 2.829.218.329 atau | or
96,906% 2,291% 0,803% 97,709%
Keputusan Rapat 1. Melimpahkan wewenang kepada Dewan Komisaris Perseroan untuk menentukan besarnya
Meeting Resolutions remunerasi termasuk gaji dan tunjangan lainnya bagi anggota Direksi Perseroan untuk tahun
2025.
2. Menetapkan honorarium tahunan Dewan Komisaris Perseroan pada tahun 2025 akan sama
dengan honorarium yang dibayarkan pada tahun 2024, dan total honorarium tahunan Dewan
Komisaris tersebut tidak akan melebihi 8% dari total remunerasi Direksi.
1. Granted authority to the Company’s Board of Commissioners to determine the remuneration
amount, including salary and other allowances for members of the Board of Directors for 2025.
2. Determined the annual honorarium of Board of Commissioners in 2025, which would be the same
as the honorarium paid in 2024, and the total annual honorarium for the Board of Commissioners
would not exceed 8% of the total remuneration of the Board of Directors.
Tindak Lanjut Keputusan langsung berlaku efektif.
Follow Up The resolution was immediately effective.
Laporan Tahunan 2025 Annual Report 215
Page 216
Pelaksanaan RUPS Luar Biasa 2025 The Company's 2025 Extraordinary GMS
Pada 2025, Perseroan menyelenggarakan RUPS Luar In 2025, the Company held the Extraordinary GMS
Biasa pada 21 Mei 2025. RUPS Luar Biasa tersebut on 21 May 2025. The Extraordinary GMS was held
dilaksanakan di Ruang Melati, Wisma Indocement, at Melati Room, Wisma Indocement, Jalan Jenderal
Jalan Jenderal Sudirman Kav. 70–71, Jakarta 12910. Sudirman Kav. 70–71, Jakarta 12910.
Penyelenggaraan RUPS Luar Biasa tersebut The Extraordinary GMS was held in hybrid by using
dilaksanakan secara hybrid dengan menggunakan eASY.KSEI and was adjusted to the provisions of
eASY.KSEI dan telah disesuaikan dengan ketentuan the articles of association, POJK 15/2020, and POJK
anggaran dasar, POJK 15/2020, dan POJK 16/2020. 16/2020.
Tahapan penyelenggaraan RUPS Luar Biasa adalah The stages for implementing the Extraordinary GMS
sebagai berikut: are as follows:
Keterangan RUPS Tahunan
Description Annual GMS
Pemberitahuan ke OJK tentang rencana dan agenda RUPS Luar Melalui surat Nomor 035/ITP-CLCC/III/2025 tanggal 27 Maret
Biasa 2025 juncto surat Nomor 045/ITP-CLCC/IV/2025 tanggal 14 April
Notification to OJK on the plan and agenda of Extraordinary 2025.
GMS Through letter No. 035/ITP-CLCC/III/2025 dated 27 March 2025
in conjunction with letter No. 045/ITP-CLCC/IV/2025 dated
14 April 2025.
Pengumuman RUPS Luar Biasa 14 April 2025
Extraordinary GMS Announcement
Pemanggilan RUPS Luar Biasa 29 April 2025
Extraordinary GMS Notice
Penyelenggaraan 21 Mei 2025, Pukul 11.29 WIB s/d pukul 11.53 WIB, Hybrid di
Convention Ruang Melati, Gedung Wisma Indocement, Jalan Jenderal
Sudirman, Kaveling 70–71, Jakarta 12910.
21 May 2025, 11:29 AM to 11:53 AM Western Indonesia Time,
Hybrid - Melati Room, Wisma Indocement Building, Jalan
Jenderal Sudirman, Kaveling 70–71, Jakarta 12910.
Pengumuman Ringkasan Risalah RUPS Luar Biasa 22 Mei 2025
Announcement of Summary of Extraordinary GMS Minutes 22 May 2025
Penyampaian Risalah RUPS Luar Biasa kepada OJK 7 Juli 2025
Submission of Extraordinary GMS Minutes to OJK 7 July 2025
216 Laporan Tahunan 2025 Annual Report
Page 217
Tata Kelola Perusahaan
Corporate Governance
Sedangkan hasil keputusan RUPS Luar Biasa yang Meanwhile, the resolutions of the Extraordinary GMS
diadakan pada 21 Mei 2025, telah dituangkan dalam held on 21 May 2025, stated in the Deed of Minutes
Akta Berita Acara Rapat Umum Pemegang Saham of the Company’s Extraordinary General Meeting of
Luar Biasa Perseroan Nomor 07, tanggal 21 Mei 2025, Shareholders No. 07, dated 21 May 2025, made by
yang dibuat oleh Notaris Deni Thanur, S.E., S.H., Notary Deni Thanur, S.E., S.H., M.Kn. are as follows:
M.Kn. adalah sebagai berikut:
Mata Acara Rapat Pertama Menarik kembali saham Perseroan yang dibeli kembali oleh Perseroan dengan cara pengurangan
1st Agenda Item of the modal ditempatkan dan disetor Perseroan serta mengubah ketentuan Pasal 4 ayat 2 Anggaran
Meeting Dasar Perseroan.
Withdrawal the Company’s shares buyback by the Company by decreasing the Company’s issued
and paid-up capital and amending the provisions of Article 4 paragraph 2 of the Company’s Articles
of Association.
Jumlah Pemegang Saham Tidak ada
yang Bertanya None
Number of Shareholders
Asking Questions
Pengambilan Keputusan Setuju Tidak Setuju Total Suara Setuju
Adopting Resolutions By Abstain
Agree Disagree Total Agree
2.885.432.352 atau | or 228.000 atau | or 9.867.076 atau | or 2.895.299.428 atau | or
99,651% 0,008% 0,341% 99,992%
Keputusan Rapat 1. Menyetujui penarikan kembali sebagian saham hasil pembelian kembali saham Perseroan yang
Meeting Resolutions dilaksanakan pada tahun 2021 dan 2022 dengan cara pengurangan modal ditempatkan dan
disetor Perseroan sebanyak 165.628.900 saham, masing-masing saham bernilai nominal Rp500.
2. Menyetujui pengurangan modal ditempatkan serta modal disetor Perseroan yang semula
berjumlah Rp1.840.615.849.500 terbagi atas 3.681.231.699 saham, masing-masing saham bernilai
nominal Rp500 diturunkan menjadi sebesar Rp1.757.801.399.500 terbagi atas 3.515.602.799
saham, masing-masing saham bernilai nominal Rp500.
3. Sehubungan dengan hal-hal tersebut di atas, selanjutnya memberikan persetujuan untuk
mengubah ketentuan Pasal 4 ayat 2 anggaran dasar Perseroan sedemikian rupa, sehingga untuk
selanjutnya berbunyi dan ditulis sebagai berikut:
Pasal 4 ayat 2:
2. Dari modal dasar tersebut telah ditempatkan dan disetor 43,945% atau sejumlah 3.515.602.799
saham dengan nilai nominal seluruhnya sebesar Rp1.757.801.399.500.
4. Menyetujui untuk memberikan wewenang dan kuasa kepada Direksi Perseroan atau Sekretaris
Perusahaan dengan hak substitusi untuk melakukan segala tindakan yang diperlukan sehubungan
dengan keputusan rapat, sesuai dengan peraturan perundang-undangan yang berlaku, termasuk
untuk menyatakan kembali keputusan Rapat di hadapan Notaris.
1. Approved the withdrawal of a portion of shares resulting from the Company’s share buyback
carried out in 2021 and 2022 by decreasing the Company’s issued and paid-up capital by
165,628,900 shares, each share with a nominal value of Rp500.
2. Approved the decrease of the issued and paid-up capital of the Company which was originally
Rp1,840,615,849,500 divided into 3,681,231,699 shares, each share with nominal value of Rp500
decreased to Rp1,757,801,399,500 divided into 3,515,602,799 shares, each share with nominal
value of Rp500.
3. In relation to the above matters, then approved to amend the provisions of Article 4 paragraph 2
of the Company’s articles of association, and hereafter read and be written as follows:
Article 4 paragraph 2:
2. Of the authorized capital, 43.945% or 3,515,602,799 shares have been issued and paid up with
a total nominal value of Rp1,757,801,399,500.
4. Approved to grant authority and power to the Company’s Board of Directors or Corporate
Secretary with substitution rights to take all necessary actions in connection with the meeting
resolutions, in accordance with the applicable laws and regulations, including to restate the
meeting resolutions before a Notary.
Tindak Lanjut Penurunan modal ditempatkan dan disetor Perseroan serta perubahan Pasal 4 ayat (2) anggaran
Follow Up dasar Perseroan telah mendapatkan persetujuan dari Kementerian Hukum sesuai surat keputusan
nomor AHU-0047927.AH.01.02.Tahun 2025.
The decrease in the Company’s issued and paid-up capital and the amendment to Article 4
paragraph (2) of the Company’s articles of association have obtained approval from the Ministry
of Law in accordance with Decree No. AHU-0047927.AH.01.02.2025.
Laporan Tahunan 2025 Annual Report 217
Page 218
Mata Acara Rapat Kedua Persetujuan Pembelian Kembali Saham Perseroan.
2nd Agenda Item of the Approval of the Company’s Shares Buyback.
Meeting
Jumlah Pemegang Saham Tidak ada
yang Bertanya None
Number of Shareholders
Asking Questions
Pengambilan Keputusan Setuju Tidak Setuju Total Suara Setuju
Adopting Resolutions By Abstain
Agree Disagree Total Agree
2.884.874.552 atau | 228.000 atau | or 10.424.876 atau | or 2.895.299.428 atau | or
or 99,632% 0,008% 0,360% 99,992%
Keputusan Rapat 1. Menyetujui Pembelian Kembali Saham Perseroan dengan ketentuan sebagaimana telah disebutkan
Meeting Resolutions dalam Keterbukaan Informasi tanggal 14 April 2025.
2. Menyetujui untuk memberikan wewenang dan kuasa kepada Direksi Perseroan atau Sekretaris
Perusahaan dengan hak substitusi untuk melakukan segala tindakan yang diperlukan sehubungan
dengan keputusan Rapat, sesuai dengan peraturan perundang-undangan yang berlaku, termasuk
untuk menyatakan kembali keputusan Rapat di hadapan Notaris.
1. Approved the Company’s Shares Buyback with the provisions as stated in the Information
Disclosure dated 14 April 2025.
2. Approved to grant authority and power to the Company’s Board of Directors or Corporate
Secretary with substitution rights to take all necessary actions in connection with the Meeting
resolutions, in accordance with the applicable laws and regulations, including to restate the
Meeting resolutions before a Notary.
Tindak Lanjut Pembelian kembali saham Perseroan dilaksanakan pada periode 22 Mei 2025 sampai dengan 21 Mei
Follow Up 2026. Hingga akhir Desember 2025, saham yang telah dibeli kembali berjumlah 44.863.500 saham,
dengan realisasi jumlah dana yang digunakan Rp291.014.665.000.
The Company’s shares buyback was conducted from 22 May 2025 to 21 May 2026. Until the end of
December 2025, the number of shares buy back was 44,863,500 shares, with the total funds used
amounting to Rp291,014,665,000.
Keputusan dan Realisasi RUPS Tahun Resolutions and Realization of the
Sebelumnya Previous Year’s GMS
Pada 2024, Perseroan menyelenggarakan RUPS In 2024, the Company held its Annual GMS on
Tahunan pada 14 Mei 2024 di Ruang Melati, Wisma 14 May 2024 at the Melati Room, Wisma Indocement,
Indocement, Jalan Jenderal Sudirman Kav. 70–71, Jalan Jenderal Sudirman Kav. 70–71, Jakarta. The
Jakarta. Adapun keputusan dan realisasi keputusan resolutions and implementation of the Annual GMS
RUPS Tahunan tersebut adalah sebagai berikut: resolutions are as follows:
Mata Acara Rapat Pertama Persetujuan laporan tahunan Perseroan termasuk laporan tugas pengawasan Dewan Komisaris dan
1st Agenda Item of the pengesahan Laporan Keuangan Konsolidasian Perseroan untuk tahun buku 2023.
Meeting Approval of the Company’s annual report, including the Board of Commissioners’ supervisory report
and validation of the Company’s 2023 Consolidated Financial Statements.
Keputusan Rapat 1. Menyetujui dan menerima laporan tahunan Perseroan termasuk laporan tugas pengawasan
Meeting Resolutions Dewan Komisaris Perseroan tahun buku 2023.
2. Mengesahkan laporan keuangan konsolidasian Perseroan tahun buku 2023 yang terdiri dari
neraca dan perhitungan laba rugi konsolidasi serta penjelasan atas dokumen tersebut yang
telah diaudit oleh Kantor Akuntan Publik "Tanudiredja, Wibisana, Rintis & Rekan" (firma anggota
jaringan global PwC) dengan pendapat "wajar tanpa modifikasian" sesuai dengan laporannya
Nomor: 00333/2.1025/AU.1/04/1137-1/1/lll/2024 tertanggal 21 Maret 2024, dan menyatakan bahwa
laporan keuangan konsolidasian Perseroan untuk tahun buku 2023 yang telah diserahkan
kepada Otoritas Jasa Keuangan serta Bursa Efek Indonesia pada tanggal 21 Maret 2024, melalui
Extensible Business Reporting Language dalam sistem pelaporan elektronik terintegrasi Otoritas
Jasa Keuangan dan Bursa Efek Indonesia serta telah dipublikasi dalam situs web Perseroan
disahkan tanpa perubahan dalam rapat, sehingga tidak perlu diumumkan kembali, sebagaimana
disyaratkan dalam Pasal 68 ayat 4 Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan
Terbatas berikut perubahannya.
3. Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de
charge) kepada segenap anggota Direksi dan anggota Dewan Komisaris Perseroan masing-masing
atas tindakan pengurusan dan pengawasan yang telah dijalankan dalam tahun buku yang berakhir
pada tanggal 31 Desember 2023, sepanjang tindakan tersebut tercermin dalam laporan tahunan
dan laporan keuangan konsolidasian Perseroan tahun buku 2023, dan bukan merupakan tindak
pidana atau pelanggaran terhadap ketentuan peraturan perundang-undangan yang berlaku.
218 Laporan Tahunan 2025 Annual Report
Page 219
Tata Kelola Perusahaan
Corporate Governance
1. Approved the Company’s annual report, including the Board of Commissioners’ supervisory
report for the 2023 financial year
2. Ratified the Company’s consolidated financial statements for the 2023 financial year, consisting
of consolidated balance sheet and profit loss calculation, including notes to such documents,
which have been audited by Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Rekan”
(member firm of PwC global network), with the opinion of “unmodified” as per its report No:
00333/2.1025/AU.1/04/1137-1/1/lll/2024 dated 21 March 2024, and stated that the Company’s
consolidated financial statements for the 2023 financial year submitted to the Financial Services
Authority and Indonesia Stock Exchange on 21 March 2024, through the Extensible Business
Reporting Language in the integrated electronic reporting system of the Financial Services
Authority and Indonesia Stock Exchange and published on the Company’s website was declared
without any changes in the Meeting, which therefore, no need to re-announce as required by
Article 68, paragraph 4 of the Law No. 40 of 2007 on Limited Liability Companies and their
amendments.
3. Granted full release and discharge of responsibility (volledig acquit et de charge) to the entire
members of Board of Directors and Board of Commissioners for their respective management
and supervisory actions performed in the financial year ended on 31 December 2023, provided
that such actions are reflected in the Company’s annual report as well as consolidated financial
statements for the 2023 financial year and are not criminal act or a violation against the provisions
of applicable laws and regulations.
Realisasi Keputusan langsung berlaku efektif.
Realization The resolution was immediately effective.
Mata Acara Rapat Kedua Penetapan penggunaan laba bersih Perseroan tahun buku 2023.
2nd Agenda Item of the Appropriate of the Company’s net profit for the 2023 financial year.
Meeting
Keputusan Rapat Menyetujui penggunaan laba bersih tahun berjalan tahun buku 2023 yang dapat diatribusikan
Meeting Resolutions kepada pemilik entitas induk Perseroan sebesar Rp1.950.265.027.950 sebagai berikut:
1. Membagikan dividen tunai kepada pemegang saham Perseroan sebesar Rp90 per satu saham,
tanpa memperhitungkan jumlah saham yang dikuasai Perseroan karena pembelian kembali
saham oleh Perseroan (saham treasury), dengan total nilai dividen sebesar Rp308.796.605.910.
2. Sisa laba bersih tahun berjalan tahun buku 2023 setelah pembagian dividen tunai tersebut akan
dicatat sebagai bagian dari saldo laba ditahan yang belum ditentukan penggunaannya.
3. Pemegang saham yang berhak atas dividen tunai tersebut adalah pemegang saham yang namanya
tercatat dalam daftar pemegang saham Perseroan pada hari Selasa, 28 Mei 2024 pukul 16.00 WIB.
4. Memberikan kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi untuk
menetapkan dan mengatur tata cara pembayaran dividen kepada pemegang saham dengan
memperhatikan ketentuan PT Bursa Efek Indonesia, untuk periode cum dividen untuk pasar
reguler dan pasar negosiasi adalah hari Rabu, 22 Mei 2024; dan ex dividen-nya adalah hari Senin,
27 Mei 2024. Sedangkan cum dividen untuk pasar tunai adalah hari Selasa, 28 Mei 2024 dan ex
dividen-nya adalah hari Rabu, 29 Mei 2024. Pembayaran dividen dilakukan sejak hari Jumat, 14
Juni 2024. Pajak atas dividen tunai akan diberlakukan sesuai ketentuan perpajakan yang berlaku
di Indonesia.
Approved the appropriation of net profit for the year of the 2023 financial year attributable to the
owners of the parent Company of Rp1,950,265,027,950 as follows:
1. Distributed cash dividends to the Company’s shareholders in the amount of Rp90 per one share,
without considering the number of shares owned by the Company due to the share buyback by
the Company (treasury shares), with a total dividend value of Rp308,796,605,910.
2. The remaining net profit for the year of the 2023 financial year after such cash dividend
distribution was recorded as part of the unappropriated retained earnings.
3. Shareholders entitled to receive cash dividend were shareholders whose names were registered
in the shareholders register on Tuesday, 28 May 2024, at 4 PM Western Indonesian Time.
4. Granted power and authority to the Company’s Board of Directors with substitution right to
establish and describe the procedure for dividend payment to shareholders with due regard to
the provisions of Indonesia Stock Exchange (IDX). The cum dividend period for regular market
and negotiation market was Wednesday, 22 May 2024, and the ex-dividend period was Monday, 27
May 2024. While, cum dividend for cash market was Tuesday, 28 May 2024, and the ex-dividend
was Wednesday, 29 May 2024. Dividend payment was made as from Friday, 14 June 2024. Tax of
the cash dividend shall be applied in accordance with the tax provisions applicable in Indonesia.
Realisasi Dividen tunai telah dibagikan kepada pemegang saham pada Jumat, 14 Juni 2024.
Realization Cash dividends were distributed to shareholders on Friday, 14 June 2024.
Laporan Tahunan 2025 Annual Report 219
Page 220
Mata Acara Rapat Ketiga Penunjukan akuntan publik dan kantor akuntan publik untuk mengaudit buku Perseroan tahun
3rd Agenda Item of the buku 2024.
Meeting Appointment of public accountant and public accounting firm to audit the Company’s books for
the 2024 financial year.
Keputusan Rapat 1. Menunjuk Akuntan Publik dan Kantor Akuntan Publik "Tanudiredja, Wibisana, Rintis & Rekan"
Meeting Resolutions (firma anggota jaringan global PwC) atau nama baru yang akan menggantikan nama Kantor
Akuntan Publik "Tanudiredja, Wibisana, Rintis & Rekan" (firma anggota jaringan global PwC) di
kemudian hari, dan Lukmanul Arsyad sebagai Akuntan Publik atau partner lainnya yang ditunjuk
Kantor Akuntan Publik "Tanudiredja, Wibisana, Rintis & Rekan" (firma anggota jaringan global PwC)
untuk mengaudit buku Perseroan tahun buku 2024.
2. Memberikan wewenang kepada Direksi untuk menetapkan uang jasa atau honorarium bagi kantor
akuntan publik tersebut serta persyaratan lain berkenaan dengan penunjukan kantor akuntan
publik tersebut.
3. Menyetujui memberikan kewenangan kepada Dewan Komisaris untuk menetapkan kantor akuntan
publik pengganti bilamana kantor akuntan publik yang ditunjuk tidak dapat melaksanakan
tugasnya berdasarkan ketentuan pasar modal di Indonesia.
1. Appointed Public Accountant and Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Rekan”
(member firm of PwC global network) or new name to replace the name of Public Accounting
Firm “Tanudiredja, Wibisana, Rintis & Rekan” (member firm of PwC global network) in the future,
and Lukmanul Arsyad as Public Accountant or other partner appointed by Public Accounting
Firm “Tanudiredja, Wibisana, Rintis & Rekan” (member firm of PwC global network) to audit the
Company’s books for the 2024 financial year.
2. Granted authority to the Board of Directors to determine the services fee or honorarium for the
appointed public accounting firm and other requirements related to such appointment.
3. Approved to grant authority to the Board of Commissioners to assign a replacement for the
public accounting firm in the event that the appointed public accounting firm was unable to
carry out its duties based on the provisions of the capital market in Indonesia.
Realisasi Keputusan langsung berlaku efektif.
Realization The resolution was immediately effective.
Mata Acara Rapat Keempat Perubahan susunan Pengurus Perseroan.
4th Agenda Item of the Changes to the composition of the Company’s Management Members.
Meeting
Keputusan Rapat 1. Menyetujui dan menerima pengunduran diri Kevin Gerard Gluskie sebagai Komisaris Utama
Meeting Resolutions Perseroan terhitung sejak ditutupnya rapat, disertai dengan ucapan terima kasih atas jasanya
selama menjabat sebagai Komisaris Utama Perseroan, serta mengangkat Roberto Callieri,
menggantikan Kevin Gerard Gluskie selaku Komisaris Utama Perseroan terhitung sejak ditutupnya
rapat untuk sisa masa jabatan Kevin Gerard Gluskie.
2. Menyetujui untuk mengangkat Kevin Gerard Gluskie, selaku Komisaris Perseroan terhitung sejak
ditutupnya rapat.
3. Menyetujui pengangkatan kembali anggota Dewan Komisaris dan anggota Direksi Perseroan,
termasuk Komisaris lndependen yang masa jabatannya berakhir pada penutupan rapat, kecuali
untuk F.X. Sutijastoto.
Sehingga susunan Dewan Komisaris dan Direksi Perseroan terhitung sejak penutupan rapat
sampai dengan penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku
2026, yang akan diselenggarakan pada tahun 2027, kecuali untuk Roberto Callieri, yang akan
berakhir pada penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku 2025
yang akan diselenggarakan pada tahun 2026, dan David Jonathan Clarke, yang akan berakhir
pada penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku 2024 yang akan
diselenggarakan pada tahun 2025 menjadi sebagai berikut:
DEWAN KOMISARIS:
» Komisaris Utama: Roberto Callieri
» Wakil Komisaris Utama/Komisaris lndependen: Tedy Djuhar
» Wakil Komisaris Utama/Komisaris lndependen: Simon Subrata
» Komisaris lndependen: Franciscus Welirang
» Komisaris: Juan Francisco Defalque
» Komisaris: René Samir Aldach
» Komisaris: Kevin Gerard Gluskie
DIREKSI:
» Direktur Utama: Christian Kartawijaya
» Wakil Direktur Utama: Benny Setiawan Santoso
» Direktur: Hasan lmer
» Direktur: Troy Dartojo Soputro
» Direktur: David Jonathan Clarke
» Direktur: Oey Marcos
» Direktur: Holger Mørch
4. Memberikan kuasa kepada Direksi Perseroan atau Sekretaris Perusahaan dengan hak substitusi
untuk menyatakan kembali keputusan mengenai perubahan susunan pengurus Perseroan
tersebut di hadapan Notaris dan selanjutnya memberitahukan kepada Menteri Hukum dan Hak
Asasi Manusia Republik Indonesia, dan untuk itu melakukan segala tindakan yang diperlukan
sesuai dengan peraturan perundang-undangan.
220 Laporan Tahunan 2025 Annual Report
Page 221
Tata Kelola Perusahaan
Corporate Governance
1. Approved the resignation of Kevin Gerard Gluskie as the Company’s President Commissioner as
of the closing of the meeting, accompanied by a gratitude for his services while serving as the
President Commissioner, and appointed Roberto Callieri to replace Kevin Gerard Gluskie as the
Company’s President Commissioner starting from the closing of the meeting, to the remaining
term of office of Kevin Gerard Gluskie.
2. Approved the appointment of Kevin Gerard Gluskie as the Company’s Commissioner starting
from the closing of the meeting.
3. Approved the reappointment of members of Board of Commissioners and members of Board of
Directors, including Independent Commissioners, whose terms of office ended at the closing of
the meeting, except for F.X. Sutijastoto.
Therefore, the composition of the Board of Commissioners and Board of Directors from the
closing of the meeting to the closing of the Company’s Annual General Meeting of Shareholders
for the 2026 financial year, which will be held in 2027, except for Roberto Callieri, whose term
will end at the closing of the Company’s Annual General Meeting of Shareholders for the 2025
financial year, which will be held in 2026, and David Jonathan Clarke, whose term will end at the
closing of the Company’s Annual General Meeting of Shareholders for the 2024 financial year,
which will be held in 2025, is as follows:
BOARD OF COMMISSIONERS:
» President Commissioner: Roberto Callieri
» Vice President Commissioner/Independent Commissioner: Tedy Djuhar
» Vice President Commissioner/Independent Commissioner: Simon Subrata
» Independent Commissioner: Franciscus Welirang
» Commissioner: Juan Francisco Defalque
» Commissioner: René Samir Aldach
» Commissioner: Kevin Gerard Gluskie
BOARD OF DIRECTORS:
» President Director: Christian Kartawijaya
» Vice President Director: Benny Setiawan Santoso
» Director: Hasan Imer
» Director: Troy Dartojo Soputro
» Director: David Jonathan Clarke
» Director: Oey Marcos
» Director: Holger Mørch
4. Granted power to the Company’s Board of Directors or Corporate Secretary with substitution rights
to restate the resolutions regarding the changes in the Company’s management composition
before a Notary and then informed the Minister of Law and Human Rights of the Republic of
Indonesia, and therefore, took all necessary actions in accordance with the laws and regulations.
Realisasi Keputusan langsung berlaku efektif.
Realization The resolution was immediately effective.
Mata Acara Rapat Kelima Penetapan gaji dan tunjangan lainnya bagi Direksi dan honorarium bagi Dewan Komisaris
5th Agenda Item of the Perseroan.
Meeting Determination of the salary and other allowances for the Board of Directors and honorarium for
the Board of Commissioners.
Keputusan Rapat 1. Melimpahkan wewenang kepada Dewan Komisaris Perseroan untuk menentukan besarnya
Meeting Resolutions remunerasi termasuk gaji dan tunjangan lainnya bagi anggota Direksi Perseroan untuk tahun
2024.
2. Menetapkan honorarium Dewan Komisaris Perseroan untuk tahun 2024 ini adalah sama dengan
yang telah diterima Dewan Komisaris Perseroan di tahun 2023 dan dibatasi tidak melebihi 10%
dari jumlah keseluruhan total remunerasi Direksi Perseroan.
1. Granted authority to the Company’s Board of Commissioners to determine the remuneration
amount, including salary and other allowances for members of the Board of Directors for 2024.
2. Determined the honorarium of Board of Commissioners for 2024, which was the same as that
of 2023, and it was limited to no more than 10% from the total remuneration of the Company’s
Board of Directors.
Realisasi Keputusan langsung berlaku efektif.
Realization The resolution was immediately effective.
Laporan Tahunan 2025 Annual Report 221
Page 222
Pada 2024, Perseroan juga mengadakan dua RUPS In 2024, the Company also held two Extraordinary
Luar Biasa pada 14 Mei dan 4 Desember 2024. GMS on 14 May and 4 December 2024. The two
Keduanya diselenggarakan di Ruang Melati, Wisma meetings were held at Melati Room, Wisma
Indocement, Jalan Jenderal Sudirman Kav. 70–71, Indocement, Jalan Jenderal Sudirman Kav. 70–71,
Jakarta. Adapun keputusan dan realisasi kedua Jakarta. The resolutions and realization of the two
keputusan RUPS Luar Biasa tersebut adalah sebagai Extraordinary GMS were as follows:
berikut:
RUPS Luar Biasa 14 Mei 2024
Extraordinary GMS 14 May 2024
Mata Acara Rapat Pertama Persetujuan pengalihan Ijin Usaha Pertambangan Batubara Perseroan kepada Entitas Anak
1st Agenda Item of the Perseroan.
Meeting Approval of the transfer of the Company’s Coal Mining Business License to the Company’s
Subsidiary.
Keputusan Rapat 1. Menyetujui pengalihan atau pemindahtanganan Ijin Usaha Pertambangan Operasi Produksi
Meeting Resolutions Batubara Nomor 503/3-IUP.OP4/DPMPTSP/IV/X/2019 tertanggal 21 Oktober 2019, yang berlaku
sejak 20 April 2019 sampai dengan 20 April 2029 milik Perseroan yang berlokasi di Kecamatan
Kelumpang Hilir, Kabupaten Kotabaru, Provinsi Kalimantan Selatan, kepada entitas anak
Perseroan, yaitu PT MAKMUR ABADI PERKASA MANDIRI, berkedudukan di Jakarta Selatan dan
beralamat di Wisma Indocement Lantai 8, Jalan Jenderal Sudirman Kaveling 70-71, Kelurahan
Setia Budi, Kecamatan Setiabudi, Kota Administrasi Jakarta Selatan.
2. Menyetujui untuk memberikan wewenang dan kuasa kepada Direksi Perseroan atau Sekretaris
Perusahaan dengan hak substitusi untuk melakukan segala tindakan yang diperlukan sehubungan
dengan keputusan rapat, sesuai dengan peraturan perundang-undangan yang berlaku, termasuk
untuk menyatakan kembali keputusan rapat di hadapan Notaris.
1. Approved the transfer or assignment of Coal Mining Business License Production Operation No.
503/3-IUP.OP4/DPMPTSP/IV/X/2019 dated 21 October 2019, which is valid from 20 April 2019 to
20 April 2029, owned by the Company, located in Kelumpang Hilir District, Kotabaru Regency, South
Kalimantan Province, to the Company’s subsidiary, namely PT MAKMUR ABADI PERKASA MANDIRI,
domiciled in South Jakarta with address at Wisma Indocement, 8th Floor, Jalan Jenderal Sudirman,
Lot 70-71, Setia Budi Village, Setiabudi District, South Jakarta Administrative City.
2. Approved to grant authority and power to the Company’s Board of Directors or Corporate
Secretary with substitution rights to take all necessary actions in connection with the meeting
resolutions, in accordance with the applicable laws and regulations, including to restate the
meeting resolutions before a Notary.
Realisasi Keputusan langsung berlaku efektif.
Realization The resolution was immediately effective.
Mata Acara Rapat Kedua Persetujuan Pembelian Kembali Saham Perseroan.
2nd Agenda Item of the Approval of the Company’s Shares Buyback.
Meeting
Keputusan Rapat 1. Menyetujui pembelian kembali saham Perseroan dengan ketentuan sebagaimana telah disebutkan
Meeting Resolutions dalam Keterbukaan Informasi tanggal 5 April 2024.
2. Menyetujui untuk memberikan wewenang dan kuasa kepada Direksi Perseroan atau Sekretaris
Perusahaan dengan hak substitusi untuk melakukan segala tindakan yang diperlukan sehubungan
dengan keputusan rapat, sesuai dengan peraturan perundang-undangan yang berlaku, termasuk
untuk menyatakan kembali keputusan rapat di hadapan Notaris.
1. Approved the Company’s shares buyback with the provisions as stated in the Information
Disclosure dated 5 April 2024.
2. Approved to grant authority and power to the Company’s Board of Directors or Corporate
Secretary with substitution rights to take all necessary actions in connection with the meeting
resolutions, in accordance with the applicable laws and regulations, including to restate the
meeting resolutions before a Notary.
Realisasi Pembelian kembali saham Perseroan telah dilakukan pada periode 15 Mei sampai dengan
Realization 31 Desember 2024. Jumlah saham yang dibeli kembali berjumlah 81.099.500 saham dengan jumlah
dana yang digunakan sebesar Rp565.051.277.500.
The Company’s shares buyback was conducted from 15 May to 31 December 2024. The number of
shares buy back was 81,099,500 shares, with total funds used amounting to Rp565,051,277,500.
222 Laporan Tahunan 2025 Annual Report
Page 223
Tata Kelola Perusahaan
Corporate Governance
RUPS Luar Biasa 4 Desember 2024
Extraordinary GMS 4 December 2024
Mata Acara Rapat Pertama Perubahan susunan Pengurus Perseroan.
1st Agenda Item of the Changes to the composition of the Company’s Management Members.
Meeting
Keputusan Rapat 1. Menyetujui dan menerima pengunduran diri David Jonathan Clarke sebagai anggota Direksi
Meeting Resolutions Perseroan terhitung sejak ditutupnya Rapat, disertai dengan ucapan terima kasih atas jasanya
selama menjabat sebagai anggota Direksi Perseroan, serta mengangkat Sunnira Ly menggantikan
Bapak David Jonathan Clarke selaku anggota Direksi Perseroan terhitung sejak ditutupnya rapat,
untuk sisa masa jabatan David Jonathan Clarke.
Sehingga susunan Dewan Komisaris dan Direksi Perseroan terhitung sejak penutupan rapat
sampai dengan penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku 2026,
yang akan diselenggarakan pada tahun 2027, kecuali untuk Roberto Callieri yang akan berakhir
pada penutupan Rapat Umum Pemegang Saham Tahunan Perseroan tahun buku 2025 yang akan
diselenggarakan pada tahun 2026, dan Sunnira Ly, yang akan berakhir pada penutupan Rapat
Umum Pemegang Saham Tahunan Perseroan tahun buku 2024 yang akan diselenggarakan pada
tahun 2025 menjadi sebagai berikut:
DEWAN KOMISARIS:
» Komisaris Utama: Roberto Callieri
» Wakil Komisaris Utama/Komisaris lndependen: Tedy Djuhar
» Wakil Komisaris Utama/Komisaris lndependen: Simon Subrata
» Komisaris lndependen: Franciscus Welirang
» Komisaris: Juan Francisco Defalque
» Komisaris: René Samir Aldach
» Komisaris: Kevin Gerard Gluskie
DIREKSI:
» Direktur Utama: Christian Kartawijaya
» Wakil Direktur Utama: Benny Setiawan Santoso
» Direktur: Hasan lmer
» Direktur: Troy Dartojo Soputro
» Direktur: Oey Marcos
» Direktur: Holger Mørch
» Direktur: Sunnira Ly
2. Memberikan kuasa kepada Direksi Perseroan atau Sekretaris Perusahaan dengan hak substitusi
untuk menyatakan kembali keputusan mengenai perubahan susunan pengurus Perseroan
tersebut di hadapan Notaris dan selanjutnya memberitahukan kepada Menteri Hukum Republik
Indonesia, dan untuk itu melakukan segala tindakan yang diperlukan sesuai dengan peraturan
perundang-undangan.
Laporan Tahunan 2025 Annual Report 223
Page 224
1. Approved the resignation of David Jonathan Clarke as member of the Company’s Board of
Directors as of the closing of the meeting, accompanied by a gratitude for his services while
serving as member of the Board of Directors, and appointed Sunnira Ly to replace Mr. David
Jonathan Clarke as member of the Board of Directors starting from the closing of the meeting,
to the remaining term of office of David Jonathan Clarke.
Therefore, the composition of the Board of Commissioners and Board of Directors from the
closing of the meeting to the closing of the Company’s Annual General Meeting of Shareholders
for the 2026 financial year, which will be held in 2027, except for Roberto Callieri, whose term of
office will end at the closing of the Company’s Annual General Meeting of Shareholders for the
2025 financial year, which will be held in 2026, and Sunnira Ly, whose term of office will end at
the closing of the Company’s Annual General Meeting of Shareholders for the 2024 financial year,
which will be held in 2025, is as follows:
BOARD OF COMMISSIONERS:
» President Commissioner: Roberto Callieri
» Vice President Commissioner/Independent Commissioner: Tedy Djuhar
» Vice President Commissioner/Independent Commissioner: Simon Subrata
» Independent Commissioner: Franciscus Welirang
» Commissioner: Juan Francisco Defalque
» Commissioner: René Samir Aldach
» Commissioner: Kevin Gerard Gluskie
BOARD OF DIRECTORS:
» President Director: Christian Kartawijaya
» Vice President Director: Benny Setiawan Santoso
» Director: Hasan Imer
» Director: Troy Dartojo Soputro
» Director: Oey Marcos
» Director: Holger Mørch
» Director: Sunnira Ly
2. Granted power to the Company’s Board of Directors or Corporate Secretary with substitution
rights to restate the resolutions regarding the changes in the Company’s management
composition before a Notary and then informed the Minister of Law of the Republic of
Indonesia, and therefore, took all necessary actions in accordance with the laws and
regulations.
Realisasi Keputusan langsung berlaku efektif.
Realization The resolution was immediately effective.
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Tata Kelola Perusahaan
Corporate Governance
Dewan Komisaris
Board of Commissioners
Dewan Komisaris berperan secara kolektif dalam The Board of Commissioners plays a collective role
mengawasi kinerja Direksi serta menyampaikan in supervising the Board of Directors’ performance
rekomendasi strategis. Organ ini juga secara and providing strategic recommendations. This body
berkelanjutan menjamin bahwa praktik GCG also continuously ensures that GCG practices are
diterapkan secara optimal di setiap level organisasi, optimally implemented at every organization level, in
selaras dengan ketentuan hukum dan prinsip yang line with provisions of laws and relevant principles.
relevan.
Dasar Hukum Legal Basis
1. Undang-Undang Nomor 40 Tahun 2007 tentang 1. Law No. 40 of 2007 on Limited Liability Company;
Perseroan Terbatas; 2. Financial Services Authority Regulation No. 33/
2. Peraturan Otoritas Jasa Keuangan Nomor 33/ POJK.04/2014 on Board of Directors and Board of
POJK.04/2014 tentang Direksi dan Dewan Commissioners of Issuers or Public Companies
Komisaris Emiten atau Perusahaan Publik (POJK (POJK 33/2014);
33/2014); 3. The Company’s Articles of Association; and
3. Anggaran Dasar Perseroan; dan 4. The Board of Commissioners Charter.
4. Piagam Dewan Komisaris.
Piagam Dewan Komisaris Board of Commissioners Charter
Perseroan telah menyusun Piagam Dewan Komisaris The Company has developed Board of
(Board Charter) sebagai bentuk komitmen dalam Commissioners’ Charter as a commitment to
mengimplementasikan prinsip GCG secara konsisten consistently implementing GCG principles to achieve
untuk mencapai visi dan misi perusahaan. the Company’s vision and mission.
Piagam kerja Dewan Komisaris ini menjadi acuan This Board of Commissioners’ Charter serves as a
Dewan Komisaris dalam menjalankan fungsi, reference for the Board of Commissioners in carrying
tugas, dan tanggung jawabnya. Pada tahun 2022, out its functions, duties, and responsibilities. In 2022,
Perseroan melakukan pembaruan terhadap Piagam the Company updated the Board of Commissioners
Dewan Komisaris yang disahkan melalui Surat Charter, ratified through Decision Letter No. 004/
Keputusan Nomor 004/Kpts/Kom/ITP/XI/2022 Kpts/Kom/ITP/XI/2022 dated 29 November 2022.
tanggal 29 November 2022.
Secara garis besar, isi Piagam Dewan Komisaris In general, the contents of the Board of
adalah sebagai berikut: Commissioners Charter are as follows:
Bab Judul Isi
Chapter Title Content
I Pendahuluan • Latar belakang
Introduction • Visi, Misi dan Purpose Indocement
• Nilai-nilai Perusahaan
• Gaya Kepemimpinan Indocement
• Dasar Hukum
• Background
• Vision, Mission, and Purpose of Indocement
• Company Values
• Indocement Leadership Style
• Legal Basis
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Bab Judul Isi
Chapter Title Content
II Organisasi • Struktur Organisasi
Organization • Persyaratan
• Nominasi Keanggotaan
• Pengangkatan, Pengunduran Diri, dan Pemberhentian
• Masa Jabatan
• Program Pengenalan
• Organizational Structure
• Requirements
• Membership Nomination
• Appointment, Resignation, and Dismissal
• Term of Office
• Induction Program
III Tugas, Tanggung jawab dan Wewenang • Tugas dan Tanggung jawab
Duties, Responsibilities, and Authority • Wewenang
• Pembagian Tugas
• Duties and Responsibilities
• Authority
• Division of Duties
IV Rapat, Pelatihan, Penilaian Kinerja dan
Pertanggungjawaban
Meetings, Trainings, Performance Assessment,
and Accountability
V Honorarium
VI Komite di bawah Dewan Komisaris • Komite Audit
Committees under the Board of Commissioners • Komite Nominasi dan Remunerasi
• Audit Committee
• Nomination and Remuneration Committee
VII Pedoman Perilaku • Kepatuhan terhadap ketentuan hukum yang berlaku
Code of Conduct • Kepatuhan terhadap Pedoman Perilaku Indocement
• Menghindari Benturan Kepentingan
• Keberagaman, Keadilan dan Penghargaan
• Penanganan terhadap Properti, Catatan, dan Informasi Perseroan
• Lingkungan, Keselamatan, dan Kesehatan Kerja
• Compliance with the provisions of applicable laws
• Compliance with the Indocement’s Code of Conduct
• Avoid Conflict of Interest
• Diversity, Fairness, and Respect
• Handling Company Property, Records, and Information
• Occupational Health and Safety Management
VIII Hubungan kerja antara Direksi dan Dewan
Komisaris
Working relationships between Board of
Directors and Board of Commissioners
IX Penutup
Closing
Pernyataan
Statement
Masa Jabatan Dewan Komisaris Term of Office of the Board of
Commissioners
Masa jabatan Dewan Komisaris untuk satu The term of office of the Board of Commissioners
periode jabatan ditetapkan selama-lamanya tiga is set at a maximum of three years since the date
tahun, terhitung sejak tanggal pengangkatan yang of appointment as determined by the GMS and
ditetapkan oleh RUPS dan berakhir pada penutupan ends at the closing of the Annual GMS three years
RUPS Tahunan tiga tahun berikutnya. Mekanisme later. The appointment and dismissal of the Board
pengangkatan dan pemberhentian Dewan Komisaris of Commissioners are carried out by shareholders
dilakukan oleh pemegang saham melalui RUPS, through the GMS, without prejudice to the GMS
namun dengan tidak mengurangi hak RUPS untuk rights that may discharge members of the Board
sewaktu-waktu dapat memberhentikan para of Commissioners at any time before their term of
anggota Dewan Komisaris sebelum masa jabatannya office ends.
berakhir.
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Tata Kelola Perusahaan
Corporate Governance
Jumlah, Komposisi dan Dasar Number, Composition, and Basis of
Pengangkatan Dewan Komisaris Appointment of Board of Commissioners
Pada 2025, anggota Dewan Komisaris Perseroan In 2025, the number of the Company’s Board of
berjumlah tujuh orang, dimana komposisinya Commissioners was seven members, in which
mengalami perubahan sesuai keputusan RUPS the composition changed in accordance with the
Tahunan yang diselenggarakan pada 21 Mei 2025, resolutions of Annual GMS held on 21 May 2025, with
dengan komposisi sebagai berikut: the following composition:
Nama Jabatan Dasar Pengangkatan Periode Jabatan
Name Position Basis of Appointment Term of Office
Roberto Callieri Komisaris Utama Akta Pernyataan Keputusan RUPS 2024–2026
President Commissioner Tahunan Nomor 17 tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17
dated 14 May 2024
Tedy Djuhar Wakil Komisaris Utama/Komisaris Akta Pernyataan Keputusan RUPS 2024–2027
Independen Tahunan Nomor 17 tanggal 14 Mei 2024
Vice President Commissioner/ Deed of Annual GMS Resolutions No. 17
Independent Commissioner dated 14 May 2024
Simon Subrata Wakil Komisaris Utama/Komisaris Akta Pernyataan Keputusan RUPS 2024–2027
Independen Tahunan Nomor 17 tanggal 14 Mei 2024
Vice President Commissioner/ Deed of Annual GMS Resolutions No. 17
Independent Commissioner dated 14 May 2024
Franciscus Welirang Komisaris Independen Akta Pernyataan Keputusan RUPS 2024–2027
Independent Commissioner Tahunan Nomor 17 tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17
dated 14 May 2024
Juan Francisco Defalque Komisaris Akta Pernyataan Keputusan RUPS 2024–2027
Commissioner Tahunan Nomor 17 tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17
dated 14 May 2024
René Samir Aldach Komisaris Akta Pernyataan Keputusan RUPS 2024–2027
Commissioner Tahunan Nomor 17 tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17
dated 14 May 2024
Suharso Monoarfa Komisaris Akta Pernyataan Keputusan RUPS 2025–2027
Commissioner Tahunan Nomor 06 tanggal 21 Mei 2025
Deed of Annual GMS Resolutions No. 06
dated 21 May 2025
Komisaris Independen Independent Commissioner
Sesuai POJK 33/2014, setiap perusahaan publik Pursuant to POJK 33/2014, every public company
diwajibkan memiliki Komisaris Independen is required to have Independent Commissioner of
setidaknya 30% dari total anggota Dewan Komisaris. at least 30% of the total members of the Board of
Kebijakan yang sama juga diatur dalam Piagam Commissioners. The same policy is also stipulated in
Dewan Komisaris. the Board of Commissioners Charter.
Pada 2025, Perseroan memiliki tiga orang Komisaris In 2025, the Company had three Independent
Independen dalam jajaran anggota Dewan Komisaris Commissioners in the Board of Commissioners that
yang berjumlah tujuh orang, sehingga komposisi had seven-members; therefore, the composition
Komisaris Independen Perseroan telah memenuhi of the Company’s Independent Commissioners
POJK 33/2014. complied with POJK 33/2014.
Adapun komposisi Komisaris Independen Perseroan The composition of the Company’s Independent
adalah sebagai berikut: Commissioner is as follows:
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Nama Jabatan Dasar Pengangkatan
Name Position Basis of Appointment
Tedy Djuhar Wakil Komisaris Utama/Komisaris Akta Pernyataan Keputusan RUPS Tahunan Nomor
Independen 17 tanggal 14 Mei 2024
Vice President Commissioner/ Deed of Annual GMS Resolutions No. 17 dated
Independent Commissioner 14 May 2024
Simon Subrata Wakil Komisaris Utama/Komisaris Akta Pernyataan Keputusan RUPS Tahunan Nomor
Independen 17 tanggal 14 Mei 2024
Vice President Commissioner/ Deed of Annual GMS Resolutions No. 17 dated
Independent Commissioner 14 May 2024
Franciscus Welirang Komisaris Independen Akta Pernyataan Keputusan RUPS Tahunan Nomor
Independent Commissioner 17 tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17 dated
14 May 2024
Kriteria Komisaris Independen Independent Commissioner Criteria
Seluruh anggota Komisaris Independen telah All Independent Commissioners’ members have met
memenuhi kriteria penentuan berdasarkan POJK the selection criteria, based on POJK 33/2014, which
33/2014 sebagai berikut: are as follows:
1. Bukan merupakan orang yang bekerja atau 1. Not being employed nor having the authority and
mempunyai wewenang dan tanggung jawab untuk responsibility to plan, lead, control, or supervise
merencanakan, memimpin, mengendalikan, atau the Company’s activities within the last six
mengawasi kegiatan Perseroan dalam waktu months, except for re-appointment as the
enam bulan terakhir, kecuali untuk pengangkatan Independent Commissioner in the subsequent
kembali sebagai Komisaris Independen Perseroan period;
pada periode berikutnya; 2. Not having any shares in the Company, either
2. Tidak mempunyai saham baik langsung maupun directly or indirectly;
tidak langsung pada Perseroan; 3. Not affiliated with the Company, members
3. Tidak memiliki hubungan afiliasi dengan of Board of Commissioners, members of
Perseroan, anggota Dewan Komisaris, anggota Board of Directors, or the Company’s majority
Direksi atau pemegang saham utama Perseroan; shareholders; and
dan 4. Not having business relationship, either directly
4. Tidak mempunyai hubungan usaha baik langsung or indirectly, that is related to the Company’s
maupun tidak langsung yang berkaitan dengan business activities.
kegiatan usaha Perseroan.
Pernyataan Independensi Komisaris Independen Statement of Independence of Independent
Commissioner
Komisaris Independen Indocement menandatangani Indocement Independent Commissioner signs a
pernyataan independensi yang dibuat dan statement of independence, which is made and
diperbaharui secara berkala. Pernyataan tersebut updated periodically. The statement includes:
memuat antara lain: 1. Having good character, morals, and integrity;
1. Mempunyai akhlak, moral, dan integritas yang 2. Having proficiency in performing legal actions;
baik; 3. Within five years before appointment and during
2. Cakap melakukan perbuatan hukum; the term of office:
3. Dalam lima tahun sebelum pengangkatan dan a. Never been declared bankrupt;
selama menjabat: b. Never become a member of Board of Directors
a. Tidak pernah dinyatakan pailit; and/or a member of Board of Commissioners
b. Tidak pernah menjadi anggota Direksi dan/atau who is found guilty for causing a company to
anggota Dewan Komisaris yang dinyatakan be declared bankrupt;
bersalah menyebabkan suatu perusahaan c. Never been sentenced for committing a
dinyatakan pailit; criminal offense that is detrimental to state
c. Tidak pernah dihukum karena melakukan finances and/or related to the financial
tindak pidana yang merugikan keuangan sector; and
negara dan/atau yang berkaitan dengan sektor
keuangan; dan
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Tata Kelola Perusahaan
Corporate Governance
d. Tidak pernah menjadi anggota Direksi dan/ d. Never been a member of Board of Directors
atau anggota Dewan Komisaris yang selama and/or a member of Board of Commissioners
menjabat: who during the term of office:
• pernah tidak menyelenggarakan RUPS • Fails to convene an Annual GMS;
Tahunan; • Fails to submit its accountability as a
• Pertanggungjawabannya sebagai anggota member of Board of Directors and/or a
Direksi dan/atau anggota Dewan member of Board of Commissioners to the
Komisaris pernah tidak diterima oleh GMS or the submission of accountability
RUPS atau pernah tidak memberikan as a member of Board of Directors and/or
pertanggungjawaban sebagai anggota a member of Board of Commissioners is
Direksi dan/atau anggota Dewan Komisaris rejected by the GMS; and
kepada RUPS; dan • Has ever caused a company that obtains
• Pernah menyebabkan perusahaan yang permit, approval, or registration from OJK
memperoleh izin, persetujuan, atau not fulfilling its obligation to submit annual
pendaftaran dari OJK tidak memenuhi report and/or financial statements to OJK.
kewajiban menyampaikan laporan tahunan 4. Having the commitment to comply with the laws
dan/atau laporan keuangan kepada OJK. and regulations;
4. Memiliki komitmen untuk mematuhi peraturan 5. Having the knowledge and/or expertise in the
perundang-undangan; field required by the Company;
5. Memiliki pengetahuan dan/atau keahlian di 6. Not being employed nor having the authority and
bidang yang dibutuhkan Perseroan; responsibility to plan, lead, control, or supervise
6. Bukan merupakan orang yang bekerja atau the Company’s activities within the last six
mempunyai wewenang dan tanggung jawab untuk months, except for re-appointment as the
merencanakan, memimpin, mengendalikan, atau Independent Commissioner in the subsequent
mengawasi kegiatan Perseroan dalam waktu period;
enam bulan terakhir, kecuali untuk pengangkatan 7. Not having any shares in the Company, either
kembali sebagai Komisaris Independen Perseroan directly or indirectly;
pada periode berikutnya; 8. Not affiliated with the Company, members
7. Tidak mempunyai saham baik langsung maupun of Board of Commissioners, members of
tidak langsung pada Perseroan; Board of Directors, or the Company’s majority
8. Tidak mempunyai hubungan afiliasi dengan shareholders;
Perseroan, anggota Dewan Komisaris, anggota 9. Not having business relationship, either directly
Direksi, atau pemegang saham utama Perseroan; or indirectly, that is related to the Company’s
9. Tidak mempunyai hubungan bisnis baik langsung business activities;
maupun tidak langsung yang berkaitan dengan 10. Not having concurrent position as a member of
kegiatan usaha Perseroan; Board of Directors at more than two other issuers
10. Tidak merangkap sebagai anggota Direksi pada or public companies;
lebih dari dua emiten atau perusahaan publik 11. Not having concurrent position as a member of
lain; Board of Commissioners at more than two other
11. Tidak merangkap sebagai anggota Dewan issuers or public companies; and
Komisaris pada lebih dari dua emiten atau 12. Still being independent and complying with the
perusahaan publik lain; dan provisions as Independent Commissioner in the
12. Masih tetap bersifat independen dan memenuhi Company.
ketentuan sebagai Komisaris Independen dalam
Perseroan.
Seluruh anggota Komisaris Independen Perseroan All members of Independent Commissioners have
telah menandatangani pernyataan independensi signed the statement of independence with details
dengan rincian sebagai berikut: as follows:
Nama Jabatan Tanggal Penandatanganan Pernyataan
Name Position Date of Signing the Statement
Tedy Djuhar Wakil Komisaris Utama/Komisaris Independen 14 Mei 2024
Vice President Commissioner/Independent 14 May 2024
Commissioner
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Nama Jabatan Tanggal Penandatanganan Pernyataan
Name Position Date of Signing the Statement
Simon Subrata Wakil Komisaris Utama/Komisaris Independen 14 Mei 2024
Vice President Commissioner/Independent 14 May 2024
Commissioner
Franciscus Welirang Komisaris Independen 14 Mei 2024
Independent Commissioner 14 May 2024
Tugas dan Tanggung Jawab Dewan Duties and Responsibilities of Board of
Komisaris Commissioners
Dewan Komisaris bertanggung jawab kepada RUPS The Board of Commissioners is responsible to the
dan pemegang saham terkait tugas dan tanggung GMS and shareholders regarding its duties and
jawabnya pada Perseroan, sesuai dengan maksud responsibilities to the Company, in accordance with
dan tujuan Perseroan yang ditetapkan dalam the Company’s aims and objectives stipulated in the
anggaran dasar, antara lain sebagai berikut: articles of association, among others are as follows:
1. Mengawasi jalannya operasional, manajemen dan 1. Supervising the Company’s operations,
kegiatan usaha Perseroan, serta memberikan management, and business activities, as well as
pengawasan, nasihat dan rekomendasi kepada providing supervision, advice, and recommendations
Direksi untuk kepentingan dan sesuai dengan to the Board of Directors for the interests and in
maksud dan tujuan Perseroan; line with the Company’s purposes and objectives;
2. Meninjau dan menyetujui misi, visi, dan strategi 2. Reviewing and approving the Company’s mission,
Perseroan yang dirumuskan Direksi; vision, and strategy formulated by the Board of
3. Dengan memperhatikan rekomendasi Komite Directors;
Nominasi dan Remunerasi, Dewan Komisaris 3. By considering the recommendation of the
mengusulkan kepada, dan untuk diputuskan oleh Nomination and Remuneration Committee,
RUPS pengangkatan dan/atau pemberhentian the Board of Commissioners proposes the
anggota Direksi dan anggota Dewan Komisaris. appointment and/or dismissal of members
Dalam mengusulkan anggota Direksi dan of Board of Directors and members of Board
anggota Dewan Komisaris, harus memperhatikan of Commissioners to the GMS and it shall be
keberagaman, unsur non-diskriminatif dan resolved by the GMS. In proposing members of the
memberikan kesempatan yang sama tanpa Board of Directors and members of the Board of
membedakan suku, agama, ras, antar golongan, Commissioners, it must pay attention to diversity,
dan gender; non-discriminatory elements, and provide equal
4. Dewan Komisaris dengan memperhatikan opportunities without any discrimination against
rekomendasi dari Komite Nominasi dan ethnic, religion, race, class, and gender;
Remunerasi mengajukan kepada RUPS besaran 4. The Board of Commissioners, by considering
remunerasi anggota Direksi dan honorarium the recommendations of the Nomination and
Dewan Komisaris yang selaras dengan Remuneration Committee, submits to the GMS
pengembangan korporasi yang berkelanjutan the remuneration amount for members of
dan kepentingan jangka panjang korporasi dan the Board of Directors and honorarium for the
pemegang saham. Dewan Komisaris secara Board of Commissioners in line with sustainable
berkala meninjau sistem remunerasi Direksi corporate development and longterm interests
dan Dewan Komisaris; of the corporation and shareholders. The
5. Dewan Komisaris memantau dan mengarahkan Board of Commissioners regularly reviews the
agar Perseroan menerapkan manajemen risiko remuneration system of the Board of Directors
dan sistem pengendalian internal yang tepat dan and Board of Commissioners;
efektif; 5. The Board of Commissioners monitors and directs the
6. Dewan Komisaris mengawasi dan mengarahkan Company to implement an appropriate and effective
agar tercapai integritas akuntansi dan sistem risk management and internal control system;
pelaporan keuangan sesuai Standar Akuntansi 6. The Board of Commissioners supervises and
Keuangan serta independensi fungsi audit directs the integrity of the accounting and financial
internal dan eksternal; reporting systems in line with the Financial
Accounting Standards and the independence of
the internal and external audit functions;
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Tata Kelola Perusahaan
Corporate Governance
7. Dewan Komisaris memantau, meninjau dan 7. The Board of Commissioners monitors, reviews,
menyetujui laporan tahunan dan laporan and approves the Company annual report and
keberlanjutan Perseroan; sustainability report;
8. Melaksanakan tugas dan tanggung jawabnya 8. Performing duties and responsibilities in good
dengan itikad baik dan penuh tanggung jawab faith, with full responsibility and caution;
serta kehati-hatian; 9. Reporting to the Company of the shares owned by
9. Melaporkan kepada Perseroan mengenai saham- each Commissioner member and/or their family
saham yang dimiliki oleh masing-masing anggota in the Company and any changes in ownership
Komisaris dan/atau keluarganya dalam Perseroan of the Company’s shares no later than three
dan setiap perubahan kepemilikan saham-saham working days after the ownership or any changes
Perseroan paling lambat tiga hari kerja setelah in share ownership takes place in the Company
terjadinya kepemilikan atau setiap perubahan for it to be recorded in a special register;
kepemilikan saham dalam Perseroan untuk 10. The Board of Commissioners is responsible for
selanjutnya dicatat dalam daftar khusus; the Company loss due to errors or intentional
10. Dewan Komisaris secara tanggung renteng mistakes in performing the duties, except it can
bertanggung jawab atas kerugian Perseroan yang be proven that:
disebabkan oleh kelalaiannya atau kesalahan a. such loss is not due to errors or intentional
yang disengaja dalam menjalankan tugasnya, mistakes in performing its duties;
kecuali dapat dibuktikan bahwa: b. the duties have been performed with full
a. kerugian tersebut bukan karena kelalaiannya responsibility, in good faith and prudence, and
atau kesalahan yang disengaja dalam diligence for perseverance for the interests
melaksanakan tugasnya; and in line with the Company’s purposes and
b. telah melaksanakan tugasnya dengan penuh objectives;
tanggung jawab, itikad baik, dan kehati-hatian, c. there is no direct or indirect conflict of interest
serta ketekunan untuk kepentingan dan with the Board of Directors’ actions causing
sesuai dengan maksud dan tujuan Perseroan; the loss suffered by the Company; and
c. tidak mempunyai benturan kepentingan baik d. advices have been given to the Board
langsung maupun tidak langsung dengan of Directors to avoid the occurrence or
tindakan Direksi yang mengakibatkan kerugian continuation of such loss.
Perseroan; dan 11. The Board of Commissioners may hold Annual
d. telah memberikan nasihat kepada Direksi GMS or other GMS in accordance with applicable
untuk mencegah atau berlanjutnya kerugian laws and regulations and the articles of
tersebut. association;
11. Dewan Komisaris dapat menyelenggarakan 12. Board of Commissioners has the obligations to:
RUPS Tahunan atau RUPS lainnya sesuai dengan a. establish the Audit Committee, Nomination
peraturan perundang-undangan dan anggaran and Remuneration Committee, and other
dasar yang berlaku; committees as well as evaluate the
12. Dewan Komisaris wajib: performance of the Audit Committee and
a. membentuk Komite Audit, Komite Nominasi other Committees under the Board of
dan Remunerasi serta komite lainnya serta Commissioners at every end of the financial
melakukan evaluasi atas kinerja Komite Audit year;
dan Komite lain di bawah Dewan Komisaris b. prepare minutes of Board of Commissioners’
pada setiap akhir tahun buku; meeting and keep a copy; and
b. membuat risalah rapat Dewan Komisaris dan c. report the supervisory duties performed to
memelihara salinannya; dan the GMS.
c. melaporkan tugas pengawasan yang telah
dilakukan kepada RUPS.
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Wewenang Dewan Komisaris Authority of the Board of Commissioners
Dewan Komisaris berwenang memberhentikan The Board of Commissioners has the authority to
sementara seorang Direktur dengan alasan yang suspend a Director for stated reasons.
disebutkan.
Dewan Komisaris dapat melakukan pengurusan The Board of Commissioners may manage the
Perseroan dalam kondisi tertentu sebagaimana Company in certain conditions as stipulated in the
diatur dalam undang-undang, Anggaran Dasar laws and regulations, the Company’s Articles of
Perseroan dan/atau keputusan RUPS. Association, and/or GMS resolutions.
Tugas Komisaris Utama Duties of President Commissioner
Sesuai dengan prinsip bahwa pembagian tugas In accordance with the principle that the division
antar Dewan Komisaris disesuaikan dengan keahlian of duties between the Board of Commissioners is
dan pengalaman masing-masing anggota Dewan adjusted to the expertise and experience of each
Komisaris, maka Roberto Callieri sebagai Komisaris member of the Board of Commissioners, Roberto
Utama Perseroan, bertugas untuk melakukan Callieri, as President Commissioner of the Company
pengawasan dan memberikan saran serta evaluasi is in charge of supervising and providing advice and
atas kinerja dan/atau strategi yang dijalankan oleh evaluation of the performance and/or strategies
Direksi yang menyangkut: implemented by the Board of Directors which
1. pelaksanaan operasional Perseroan; concern:
2. eksekusi atas proyeksi yang telah dibuat oleh 1. implementation of the Company operations;
Perseroan; dan 2. execution of projections made by the Company;
3. manajemen risiko. and
3. risk management.
Selain itu, Komisaris Utama juga bertanggung jawab The President Commissioner is also responsible
atas pelaksanaan tugas dari komite-komite di bawah for the duty implementation of the committees
Dewan Komisaris, serta wajib untuk memberikan under the Board of Commissioners and is required
arahan dan evaluasi atas pelaksanaan tugas Komite to provide direction and evaluation on the duty
di bawah Dewan Komisaris. implementation of the Committees under the Board
of Commissioners.
Pembagian Tugas Dewan Komisaris Segregation of Duties of the Board of
Commissioners
Dewan Komisaris telah menetapkan divisi The Board of Commissioners has established
pengawasan antar anggota Dewan Komisaris guna supervisory divisions among members of the
meningkatkan efektivitas pengawasan. Pembagian Board of Commissioners to enhance supervision
tugas antar Dewan Komisaris disesuaikan dengan effectiveness. The division of duties among the
keahlian dan pengalaman masing-masing anggota Board of Commissioners is adjusted according to
Dewan Komisaris, yaitu sebagai berikut: the expertise and experience of each member of the
Board of Commissioners, with the following details:
GCG, Nominasi, dan
Komite Audit Remunerasi Manajemen Risiko Operasi Saat Ini Eksekusi Proyeksi
Audit Committee GCG, Nomination, and Risk Management Current Operations Projection Execution
Remuneration
Roberto Callieri Roberto Callieri Roberto Callieri Roberto Callieri Roberto Callieri
Simon Subrata Simon Subrata Simon Subrata Simon Subrata René Samir Aldach
Tedy Djuhar Juan Francisco Defalque
Franciscus Welirang
René Samir Aldach
Juan Francisco Defalque
Suharso Monoarfa
232 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Keputusan Direksi yang Perlu Mendapat Decisions of the Board of Directors
Persetujuan Dewan Komisaris Requiring Approval from the Board of
Commissioners
Pada Anggaran Dasar Perseroan terdapat aturan yang In the Company’s Articles of Association, there are
mengatur tentang pembatasan wewenang Direksi, provisions governing the limitations of the Board of
dimana Direksi harus terlebih dahulu memperoleh Directors’ authority, wherein the Board of Directors
persetujuan Dewan Komisaris untuk tindakan must first obtain approval from the Board of
sebagai berikut: Commissioners for the following actions:
1. apabila Perseroan akan membuka kantor cabang 1. in the event that the Company will open a branch or
atau perwakilan di tempat lain, baik di dalam representative office in another place, either inside
maupun di luar wilayah Republik Indonesia; or outside the territory of the Republic of Indonesia;
2. membagi dividen interim apabila keadaan 2. distributing interim dividends in the event
keuangan Perseroan memungkinkan, dengan that the Company’s financial condition allows,
ketentuan bahwa dividen sementara tersebut provided that the temporary dividends will be
akan diperhitungkan dengan dividen yang akan calculated with dividends to be distributed based
dibagikan berdasarkan keputusan RUPS Tahunan on the next Annual GMS resolutions adopted in
berikutnya yang diambil sesuai dengan ketentuan accordance with the provisions of the articles
dalam anggaran dasar dan dengan ketentuan of association and the provisions of Article 72
Pasal 72 Undang-Undang Nomor 40 Tahun 2007 of the Law No. 40 of 2007 on Limited Liability
tentang Perseroan Terbatas; Companies;
3. meminjam atau meminjamkan uang atas nama 3. borrowing or lending money on behalf of the
Perseroan dengan nilai melebihi 20 juta Dolar AS Company with a value exceeding 20 million US
atau jumlah yang setara dalam mata uang lainnya Dollar or its equivalent value in any other currency
dalam satu transaksi; in one transaction;
4. membeli, menjual atau dengan cara lain 4. buying, selling, or in any ways acquiring or
mendapatkan atau melepaskan hak atas barang- releasing rights to immovable property including
barang yang tidak bergerak termasuk bangunan buildings and land rights; in the event that each
dan hak atas tanah; apabila nilai setiap transaksi transaction’s value exceeds 5 million US Dollar or
melebihi 5 juta Dolar AS atau jumlah yang setara its equivalent amount in any other currency;
dalam mata uang lainnya; 5. pledging or charging the Company’s assets
5. menggadaikan atau membebankan aset as collateral for non-operational transactions
Perseroan sebagai jaminan hutang dalam rangka with value exceeding 20 million US Dollar or its
transaksi non operasional yang nilainya melebihi equivalent value in any other currency;
20 juta Dolar AS atau yang setara dalam mata 6. binding the Company as guarantor/warranter;
uang lainnya; 7. incorporating a subsidiary with authorized capital
6. mengikat Perseroan sebagai penjamin/ exceeding 5 million US Dollar or its equivalent
penanggung; value in any other currency;
7. mendirikan anak perusahaan dengan modal dasar 8. taking part or participating in another company
lebih dari 5 juta Dolar AS atau yang setara dalam or legal entity or organizing a new company that
mata uang lainnya; has an authorized capital of more than 5 million
8. mengambil bagian atau ikut serta dalam US Dollar or its equivalent in any other currency;
perusahaan atau badan hukum lain atau 9. releasing part or all of the Company’s investment
menyelenggarakan perusahaan baru yang in another company or legal entity with a
memiliki modal dasar lebih dari 5 juta Dolar AS transaction value exceeding 5 million US Dollar
atau yang setara dalam mata uang lainnya; or its equivalent value in any other currency;
9. melepaskan sebagian atau seluruh penyertaan 10. the Company’s development plan, the Company’s
Perseroan dalam perusahaan atau badan hukum annual work plan and budget, including other
lain dengan nilai transaksi melebihi 5 juta Dolar plans related to the Company’s business
AS atau yang setara dalam mata uang lainnya; implementation that must be prepared by the
10. rencana pengembangan Perseroan, rencana Board of Directors no later than 30 days before
kerja dan anggaran tahunan Perseroan, termasuk the date of the Company’s financial year ends;
rencana lainnya yang berhubungan dengan and
pelaksanaan usaha dari Perseroan yang harus
disusun oleh Direksi selambatnya 30 hari sebelum
tanggal akhir tahun buku Perseroan berakhir; dan
Laporan Tahunan 2025 Annual Report 233
Page 234
11. pengelolaan penggunaan dana cadangan yang 11. managing the use of unused reserve funds to
belum digunakan untuk menutup kerugian cover losses from the reserves amount that
dan jumlah cadangan yang melebihi 20% dari exceed 20% of the total unappropriated issued
jumlah modal ditempatkan dan disetor yang and paid-up capital by the GMS.
penggunaannya belum ditentukan oleh RUPS.
Selain itu, sesuai ketentuan peraturan OJK, Direksi Furthermore, pursuant to OJK regulations, the Board
memerlukan persetujuan Dewan Komisaris ketika of Directors requires the approval from the Board
pengangkatan dan pemberhentian kepala unit of Commissioners for appointing and dismissing the
Internal Audit oleh Direktur Utama. Internal Audit unit head by the President Director.
Rapat Dewan Komisaris Board of Commissioners’ Meetings
Kebijakan Rapat Meeting Policy
Dewan Komisaris wajib mengadakan rapat paling The Board of Commissioners is required to hold
kurang satu kali dalam dua bulan sesuai dengan meetings at least once every two months in
POJK 33/2014 tentang Direksi dan Dewan Komisaris accordance with OJK Regulation 33/2014 on the Board
Emiten atau Perusahaan Publik. Dewan Komisaris of Directors and Board of Commissioners of Issuers
juga wajib mengadakan rapat bersama Direksi paling or Public Companies. The Board of Commissioners is
kurang satu kali dalam empat bulan. also required to hold joint meetings with the Board
of Directors at least one time every four months.
Dewan Komisaris juga dapat mengadakan rapat The Board of Commissioners may also hold a meeting
sewaktu-waktu atas permintaan satu atau beberapa at any time at the request of one or several members
anggota Dewan Komisaris atau permintaan Direksi, of the Board of Commissioners or the request of
dengan menyebutkan hal-hal yang akan dibicarakan. the Board of Directors, by stating the matters to be
Dalam setiap rapat Dewan Komisaris dibuatkan discussed. In each Board of Commissioners’ meeting,
risalah rapat dan ditandatangani oleh pimpinan minutes of meetings are prepared and signed by the
rapat serta seluruh anggota Dewan Komisaris yang chairman of the meeting and all members of the
hadir dalam rapat. Risalah rapat berisi hal-hal yang Board of Commissioners present at the meeting.
dibicarakan dan hal-hal yang diputuskan. The minutes of the meeting contain the matters
discussed and the matters resolved.
Frekuensi, Agenda, dan Kehadiran dalam Rapat Frequency, Agenda, and Attendance of Meetings
Sepanjang 2025, Dewan Komisaris telah Throughout 2025, the Board of Commissioners held
melaksanakan rapat sebanyak delapan kali dan eight meetings and three joint meetings with the
rapat bersama Direksi sebanyak tiga kali, sesuai Board of Directors, in accordance with the required
dengan kriteria rapat yang dipersyaratkan. Adapun criteria for the meeting. The agenda and attendance
agenda dan rekapitulasi kehadiran Dewan Komisaris recapitulation of the Board of Commissioners at
dalam rapat di 2025 adalah sebagai berikut: meetings in 2025 are as follows:
Agenda Rapat Dewan Komisaris
Meeting Agenda of the Board of Commissioners
Tanggal Peserta
No. Agenda
Date Participants
1. 20 Mei Persetujuan dan izin terkait transaksi dengan Heidelberg Materials AG. • Roberto Callieri
20 May Approval and consent in relation to transaction with Heidelberg • Tedy Djuhar
Materials AG. • Simon Subrata
• Franciscus Welirang
• Juan Francisco Defalque
• René Samir Aldach
• Kevin Gerard Gluskie
234 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Tanggal Peserta
No. Agenda
Date Participants
2. 20 Mei 1. Peninjauan dan persetujuan risalah rapat tanggal 3 Desember 2024.
20 May 2. Laporan kegiatan Komite Audit.
3. Perubahan anggota Komite Audit.
1. Review and approval of minutes of meeting on 3 December 2024.
2. Report on Audit Committee activities.
3. Changes of Audit Committee member.
3. 20 Mei 1. Laporan kegiatan Komite Nominasi dan Remunerasi
20 May 2. Update Operasional
3. Usulan Direksi untuk Rapat Umum Pemegang Saham Tahunan:
» Persetujuan laporan tahunan Perseroan termasuk laporan
pengawasan Dewan Komisaris dan pengesahan laporan keuangan
konsolidasian Perseroan untuk tahun buku 2024
» Penggunaan laba bersih Perseroan untuk tahun buku 2024
» Penunjukan akuntan publik dan kantor akuntan publik untuk
mengaudit buku Perseroan tahun buku 2025
» Perubahan anggota Pengurus Perseroan
» Penetapan gaji dan tunjangan lainnya bagi Dewan Direksi dan
honorarium bagi Dewan Komisaris Perseroan
4. Pengangkatan pimpinan Rapat Umum Pemegang Saham Tahunan
1. Report on Nomination and Remuneration Committee activities
2. Operational Updates
3. Proposal of the Board of Directors for Annual General Meeting of
Shareholders:
• Roberto Callieri
» Approval of the Company’s annual report including supervisory
• Tedy Djuhar
report of the Board of Commissioners and ratification of the
• Simon Subrata
Company’s consolidated financial statements for the 2024
• Franciscus Welirang
financial year
• Juan Francisco Defalque
» Appropriation of the Company’s net profit for the 2024 financial
• René Samir Aldach
year
» Appointment of public accountant and public accounting firm to
audit the Company’s book for the 2025 financial year
» Changes of the member of the Management of the Company
» Determination of the salary and other allowances for the Board
of Directors and honorarium for the Board of Commissioners of
the Company
4. Appointment of chairman of Annual General Meeting of
Shareholders
4. 20 Mei 1. Usulan Direksi untuk RUPS Luar Biasa:
20 May » Penarikan kembali saham Perseroan hasil pembelian kembali
saham dengan cara pengurangan modal ditempatkan dan disetor
serta mengubah kententuan Pasal 4 ayat 2 Anggaran Dasar
Perseroan.
» Persetujuan atas Program Pembelian Kembali Saham Perseroaan.
2. Pengangkatan pimpinan RUPS Luar Biasa
1. Proposal of Board of Directors for Extraordinary GMS:
» Withdrawal of the Company's shares resulting from the shares
buyback by reducing the issued and paid-up capital and changing
the provisions of Article 4 paragraph 2 of the Company's Articles
of Association.
» Approval of the Company’s Shares Buyback.
2. Appointment of chairman of Extraordinary GMS
Laporan Tahunan 2025 Annual Report 235
Page 236
Tanggal Peserta
No. Agenda
Date Participants
5. 20 Agustus Persetujuan rencana akuisisi Terminal Lombok, Terminal Pontianak,
20 August dan Unit Penggilingan Batam
Approval of the acquisition plans of Lombok Terminal, Pontianak
Terminal and Batam Grinding Unit
6. 3 Desember Laporan Komite di bawah Dewan Komisaris:
3 December • Laporan Aktivitas Komite Audit
• Laporan Aktivitas Komite Nominasi dan Remunerasi
• Roberto Callieri
Report on Committees under Board of Commissioners: • Tedy Djuhar
• Report on Audit Committee Activities • Simon Subrata
• Report on Nomination and Remuneration Committee Activities • Franciscus Welirang
• Juan Francisco Defalque
7. 3 Desember • Peninjauan dan persetujuan risalah rapat tanggal 20 Mei 2025. • René Samir Aldach
3 December • Update Proyek di Indocement dan Hasil Capaian 2025 • Suharso Monoarfa
• Presentasi Manajemen Risiko
• Review and approval of minutes of meeting on 20 May 2025.
• Project Updates in Indocement and Highlight Results of 2025
• Risk Management Presentation
8. 3 Desember • Presentasi dan Persetujuan Rencana Operasional 2026
3 December • Penentuan tanggal rapat tahun 2026
• Presentation and Approval of Operating Plan for 2026
• Determination on dates for 2026 meeting
Agenda Rapat Dewan Komisaris Bersama Direksi
Meeting Agenda of the Board of Commissioners and the Board of Directors
Tanggal Peserta
No. Agenda
Date Participants
1. 20 Mei 1. Update Operasional • Roberto Callieri
20 May 2. Usulan Direksi untuk RUPS Tahunan • Tedy Djuhar
3. Usulan Direksi untuk RUPS Luar Biasa • Simon Subrata
4. Lain-lain • Franciscus Welirang
1. Operational Updates • Juan Francisco Defalque
2. Proposal of Board of Directors for Annual GMS • René Samir Aldach
3. Proposal of Board of Directors for Extraordinary GMS
4. Miscellaneous
2. 15 Juli Update Bisnis Heidelberg Materials • Roberto Callieri
15 July Heidelberg Materials Business Update • Juan Francisco Defalque
• René Samir Aldach
• Christian Kartawijaya
• Hasan Imer
• Troy Dartojo Soputro
• Oey Marcos
• Holger Mørch
• Sunnira Ly
3. 3 Desember 1. Presentasi dan Persetujuan Rencana Operasional 2026 • Roberto Callieri
3 December 2. Penentuan tanggal rapat tahun 2026 • Tedy Djuhar
3. Topik lainnya • Simon Subrata
1. Presentation and Approval of Operating Plan for 2026 • Franciscus Welirang
2. Determination on dates for 2026 meetings • Juan Francisco Defalque
3. Any other matters • René Samir Aldach
• Suharso Monoarfa
236 Laporan Tahunan 2025 Annual Report
Page 237
Tata Kelola Perusahaan
Corporate Governance
Rekapitulasi Kehadiran Dewan Komisaris dalam Rapat
Attendance Recapitulation of the Board of Commissioners at Meetings
Rapat Dewan Komisaris
Rapat Dewan Komisaris Mengundang Direksi
Board of Commissioners’ Meeting Board of Commissioners Meeting
Nama Jabatan inviting Board of Directors
Name Position Jumlah Jumlah Jumlah Jumlah
Kehadiran Kehadiran
Rapat Kehadiran Rapat Kehadiran
Attendance Attendance
Total Total Total Total
(%) (%)
Meetings Attendance Meetings Attendance
Roberto Callieri Komisaris Utama 8 8 100 3 3 100
President Commissioner
Tedy Djuhar Wakil Komisaris Utama/ 8 8 100 3 2 66,67
Komisaris Independen
Vice President
Commissioner/
Independent
Commissioner
Simon Subrata Wakil Komisaris Utama/ 8 8 100 3 2 66,67
Komisaris Independen
Vice President
Commissioner/
Independent
Commissioner
Franciscus Welirang Komisaris Independen 8 8 100 3 2 66,67
Independent
Commissioner
Juan Francisco Komisaris 8 8 100 3 3 100
Defalque Commissioner
René Samir Aldach Komisaris 8 8 100 3 3 100
Commissioner
Kevin Gerard Komisaris 4 1 12,5 1 0 0
Gluskie* Commissioner
Suharso Monoarfa* Komisaris 4 4 100 2 1 50
Commissioner
* Efektif sejak 21 Mei 2025, Kevin Gerard Gluskie digantikan oleh Suharso Monoarfa
Effective as of 21 May 2025, Kevin Gerard Gluskie replaced by Suharso Monoarfa
Pelaksanaan Tugas Dewan Komisaris The Implementation of the Board of
Commissioners’ Duties
Sepanjang 2025, Dewan Komisaris telah menjalankan Throughout 2025, the Board of Commissioners
fungsi, tugas dan tanggung jawabnya dengan rincian carried out its functions, duties, and responsibilities
sebagai berikut: with the following details:
1. Menyelenggarakan delapan kali rapat Dewan 1. Convene eight Board of Commissioners’ meetings,
Komisaris, dengan tanggal pelaksanaan dan with date and agenda as stated in the table
agenda sebagaimana tersebut dalam tabel diatas; above;
2. Menyelenggarakan tiga kali rapat gabungan 2. Convene three joint meetings with the Board of
dengan Dewan Komisaris dan Direksi dengan Commissioners and Board of Directors with date
tanggal pelaksanaan dan agenda sebagaimana and agenda as stated in the table above;
tersebut dalam tabel diatas; 3. Attending three meetings held by the Board of
3. Menghadiri tiga kali rapat yang diadakan oleh Directors;
Direksi; 4. Attending meetings held by committees under
4. Menghadiri rapat-rapat yang dilakukan oleh the Board of Commissioners;
komite-komite di bawah Dewan Komisaris; 5. Through the Audit Committee, evaluating the
5. Melalui Komite Audit, memberikan evaluasi atas performance of Public Accounting Firm “Rintis,
kinerja Kantor Akuntan Publik “Rintis, Jumadi, Jumadi, Rianto dan Rekan” (member firm of
Rianto dan Rekan” (firma anggota jaringan global PwC global network) that audited the Company’s
PwC) yang telah mengaudit laporan keuangan consolidated financial statements for the 2024
konsolidasian Perseroan pada tahun buku 2024; financial year;
Laporan Tahunan 2025 Annual Report 237
Page 238
6. Mengusulkan dan memberi rekomendasi 6. Proposing and giving recommendations
penunjukan Kantor Akuntan Publik “Rintis, of the appointment of Public Accounting
Jumadi, Rianto dan Rekan” (firma anggota Firm “Rintis, Jumadi, Rianto dan Rekan”
jaringan global PwC) dan Lukmanul Arsyad (member firm of PwC global network) and
sebagai Akuntan Publik atau partner lainnya yang Lukmanul Arsyad as Public Accountant or other
ditunjuk Kantor Akuntan Publik “Rintis, Jumadi, partner appointed by Public Accounting Firm “Rintis,
Rianto dan Rekan” untuk mengaudit buku Jumadi, Rianto dan Rekan” to audit the Company’s
Perseroan tahun buku 2025; financial statements for the 2025 financial year;
7. Melalui Komite Nominasi dan Remunerasi 7. Through the Nomination and Remuneration
mengusulkan kepada pemegang saham dalam Committee, proposing to shareholders at the
RUPS Tahunan untuk menyetujui besaran Annual GMS that the annual honorarium for the
honorarium tahunan Dewan Komisaris Perseroan Company’s Board of Commissioners in 2025
pada 2025 akan sama dengan honorarium yang would be the same as the honorarium paid in
dibayarkan pada 2024 dan total honorarium 2024, and that the total honorarium for the
Dewan Komisaris tersebut tidak akan melebihi Board of Commissioners not exceeding 8% of
8% dari total remunerasi Direksi. RUPS the total remuneration of the Board of Directors.
Tahunan juga melimpahkan wewenang kepada The Annual GMS also delegates authority to
Dewan Komisaris untuk menentukan besarnya the Board of Commissioners to determine the
remunerasi termasuk gaji dan tunjangan lainnya remuneration amount, including salary and other
bagi anggota Direksi Perseroan 2025; allowances, for members of the Company’s Board
8. Melakukan penggantian anggota Komite Audit of Directors in 2025;
Perseroan dari semula Ludovicus Sensi Wondabio 8. Replacing members of the Company’s Audit
dan Ancella Anitawati Hermawan menjadi David Committee from previously Ludovicus Sensi
Sungkoro dan Lindawati Gani. Wondabio and Ancella Anitawati Hermawan to
David Sungkoro and Lindawati Gani.
Program Orientasi Dewan Komisaris Orientation Program for the Board of
Commissioners
Anggota Dewan Komisaris yang diangkat untuk Members of the Board of Commissioners, who
pertama kalinya akan diberikan program orientasi/ are appointed for the first time, shall be given an
pengenalan mengenai Perseroan. Program ini orientation/introduction program on the Company.
bertujuan untuk memberikan pemahaman tentang This program is intended to provide understanding
visi, misi dan nilai-nilai Perseroan, kode etik dan on the vision, mission, and values of the Company,
pedoman tingkah laku, struktur organisasi, serta code of conduct and behavior, organizational
Pedoman dan Tata Tertib Kerja Dewan Komisaris. structure, and the Board of Commissioners’ Charter.
Berdasarkan Keputusan RUPS Tahunan yang Based on the Resolutions of the Annual GMS held
diselenggarakan pada 21 Mei 2025, Perseroan on 21 May 2025, the Company appointed Suharso
mengangkat Suharso Monoarfa menggantikan Monoarfa to replace Kevin Gerard Gluskie as
Kevin Gerard Gluskie sebagai Komisaris Perseroan. Commissioner of the Company. To that end, the
Untuk itu, Perseroan telah menyelenggarakan Company held a company orientation program on
program pengenalan (orientasi) perusahaan yang 21 May 2025.
diselenggarakan pada 21 Mei 2025.
Pelatihan dan Pengembangan Training and Competence Development
Kompetensi Dewan Komisaris of the Board of Commissioners
Perseroan memfasilitasi Dewan Komisaris untuk The Company facilitates the Board of Commissioners’
mengikuti program pelatihan dan pengembangan participation in training and competence
kompetensi guna menunjang Dewan Komisaris development programs to support them in carrying
dalam melaksanakan tugas dan tanggung jawabnya, out their duties and responsibilities, both internally
baik yang diselenggarakan oleh internal Perseroan and externally. Throughout 2025, members of the
atau yang diselenggarakan oleh pihak eksternal. Company’s Board of Commissioners attended
Sepanjang 2025, anggota Dewan Komisaris training and competence development programs as
Perseroan telah mengikuti program pelatihan dan folows:
pengembangan kompetensi sebagai berikut:
238 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Nama Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name Position Programs Attended Organizer Time and Place
Roberto Callieri Komisaris Utama - - -
President Commissioner
Tedy Djuhar Wakil Komisaris Utama/ - - -
Komisaris Independen
Vice President
Commissioner/
Independent
Commissioner
Simon Subrata Wakil Komisaris Utama/ Sosialisasi Outlook 2026 Indocement Jakarta, 20 Agustus
Komisaris Independen 2026 Outlook Socialization Jakarta, 20 August
Vice President Sosialisasi: Ekonomi Makro dan Indocement Jakarta, 20 Agustus
Commissioner/ Arahan Kebijakan Pemerintah Jakarta, 20 August
Independent Socialization: Macroeconomic
Commissioner Outlook and Government Policy
Direction
Franciscus Welirang Komisaris Independen Sharing Session Pillar Two- Indofood Jakarta, 14 April
Independent Global Minimum Tax
Commissioner Global and Indonesia Economic Indofood Jakarta, 6 Agustus
Outlook 2026 Jakarta, 6 August
Opportunities and Risks for the Indofood Jakarta, 8 Desember
Region, Indonesia and Indofood Jakarta, 8 December
Over the Next Five to Ten Years
Juan Francisco Defalque Komisaris Senior Technical Management Heidelberg Heidelberg, September
Commissioner Meeting Materials 2025
René Samir Aldach Komisaris - - -
Commissioner
Suharso Monoarfa Komisaris Sosialisasi Outlook 2026 Indocement Jakarta, 20 Agustus
Commissioner 2026 Outlook Socialization Jakarta, 20 August
Sosialisasi: Ekonomi Makro dan Indocement Jakarta, 20 Agustus
Arahan Kebijakan Pemerintah Jakarta, 20 August
Socialization: Macroeconomic
Outlook and Government Policy
Direction
Mekanisme Pengunduran Diri dan Mechanism of Resignation and Dismissal
Pemberhentian Dewan Komisaris of the Board of Commissioners
Dalam Anggaran Dasar Perseroan dan Piagam Dewan In Company's Articles of Association and the
Komisaris, terdapat ketentuan yang mengatur bahwa Board of Commissioners' Charter, there are
anggota Dewan Komisaris berhak mengundurkan provisions governing that a member of the Board
diri dari jabatannya dengan memberitahukan of Commissioners is entitled to resign from the
secara tertulis mengenai maksud tersebut kepada position by giving written notification regarding
Perseroan paling sedikit 60 hari kalender sebelum such intention to the Company at least 60 calendar
tanggal pengunduran dirinya. Terhadap pengunduran days prior to the resignation date. With respect to
diri yang diajukan tersebut, Perseroan wajib the proposed resignation, the Company is required
menyelenggarakan RUPS dalam jangka waktu to hold a GMS within 90 calendar days after the
paling lambat 90 hari kalender setelah diterimanya resignation letter of such member of the Board of
surat pengunduran diri anggota Dewan Komisaris Commissioners is received, including to determine
yang bersangkutan, termasuk untuk menetapkan the validity of the resignation that is earlier than the
berlakunya pengunduran diri yang lebih awal dari 60-day period, and to fill any vacancies in the event
jangka waktu 60 hari kalender tersebut, serta untuk that the resignation is approved by the GMS.
mengisi lowongan bila pengunduran dirinya disetujui
oleh RUPS.
Dalam hal Perseroan tidak menyelenggarakan RUPS In the event that the Company does not hold
dalam jangka waktu 90 hari setelah diterimanya the GMS within 90 days after the receipt of the
surat pengunduran diri, maka dengan lampaunya resignation letter, then by such elapsed time period,
kurun waktu tersebut, pengunduran diri anggota the resignation of the said member of the Board
Dewan Komisaris menjadi sah tanpa memerlukan of Commissioners becomes valid without requiring
persetujuan RUPS. approval of the GMS.
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Pengunduran diri dan/atau pemberhentian Dewan The resignation and/or dismissal of the Board of
Komisaris diputuskan dalam RUPS sesuai peraturan Commissioners shall be resolved in the GMS in
perundangan yang berlaku. accordance with the applicable laws and regulations.
Penilaian Kinerja Komite di bawah Performance Assessment of Committees
Dewan Komisaris under the Board of Commissioners
Sebagai Komite yang berada di bawah Dewan As the committees under the Board of Commissioners,
Komisaris, setiap tahunnya Dewan Komisaris the Board of Commissioners annually assesses the
melakukan penilaian terhadap kinerja Komite Audit performance of Audit Committee and Nomination
dan Komite Nominasi dan Remunerasi terkait kinerja and Remuneration Committee in accordance with
masing-masing komite sesuai dengan tugas dan their respective duties and responsibilities.
tanggung jawab yang diembannya.
Kinerja Komite Audit Performance of Audit Committee
Dewan Komisaris menilai Komite Audit telah The Board of Commissioners considered the Audit
menjalankan tugas dan tanggung jawabnya dengan Committee to have performed its duties and
baik, beberapa indikator yang digunakan Dewan responsibilities properly. Several indicators used
Komisaris dalam menilai kinerja Komite Audit antara by the Board of Commissioners to assess the Audit
lain: Committee’s performance are as follows:
Rencana Kerja Realisasi
No.
Work Plan Realization
1. Melakukan rapat dengan Kantor Akuntan Publik “Rintis, Jumadi, Rianto dan Rapat dilaksanakan pada 13 Maret,
Rekan” (firma anggota jaringan global PwC) 7 Oktober, dan 28 November 2025
Meeting with Public Accounting Firm “Rintis, Jumadi, Rianto dan Rekan” Meetings were held on 13 March,
(member firm of PwC global network) 7 October, and 28 November 2025
2. Melakukan rapat dengan Divisi Internal Audit Rapat dilaksanakan pada 23 April, 29 Juli,
Meeting with Internal Audit Division dan 29 Oktober 2025
Meetings were held on 23 April, 29 July,
and 29 October 2025
3. Melakukan evaluasi atas kinerja Kantor Akuntan Publik “Rintis, Jumadi, Hasil evaluasi Komite Audit telah
Rianto dan Rekan” (firma anggota jaringan global PwC) yang telah mengaudit diserahkan kepada Dewan Komisaris pada
laporan keuangan konsolidasian Perseroan pada tahun buku 2024. 23 April 2025 dan dilaporkan kepada OJK
Evaluating the performance of Public Accounting Firm “Rintis, Jumadi, pada 22 Mei 2025.
Rianto dan Rekan” (member firm of PwC global network) that audited the The evaluation result of the Audit
Company’s consolidated financial statements for the 2024 financial year. Committee was submitted to the Board of
Commissioners on 23 April 2025 and was
reported to OJK on 22 May 2025.
4. Memberikan rekomendasi atas penunjukan Kantor Akuntan Publik “Rintis, Rekomendasi Komite Audit telah
Jumadi, Rianto dan Rekan” (firma anggota jaringan global PwC) dan Lukmanul diserahkan kepada Dewan Komisaris pada
Arsyad sebagai Akuntan Publik atau partner lainnya yang ditunjuk Kantor 5 Mei 2025 dan telah dilaporkan kepada
Akuntan Publik “Rintis, Jumadi, Rianto dan Rekan” untuk mengaudit buku OJK pada 24 Juli 2025.
Perseroan tahun buku 2025. The recommendation of Audit Committee
Providing recommendation on the appointment of the Public Accounting Firm was submitted to the Board of
“Rintis, Jumadi, Rianto dan Rekan” (member firm of PwC global network) Commissioners on 5 May 2025, and it was
and Lukmanul Arsyad as Public Accountant or other partner appointed by also reported to OJK on 24 July 2025.
the Public Accounting Firm “Rintis, Jumadi, Rianto dan Rekan” to audit the
Company’s financial statements for the 2025 financial year.
Kinerja Komite Nominasi dan Remunerasi Performance of the Nomination and
Remuneration Committee
Dewan Komisaris menilai Komite Nominasi dan The Board of Commissioners considered the
Remunerasi telah menjalankan tugas dan tanggung Nomination and Remuneration Committee had
jawabnya dengan baik, beberapa indikator yang performed its duties and responsibilities well. Several
digunakan Dewan Komisaris dalam menilai kinerja indicators used by the Board of Commissioners for
Komite Nominasi dan Remunerasi antara lain: assessing the performance of the Nomination and
Remuneration Committee are as follows:
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Tata Kelola Perusahaan
Corporate Governance
Rencana Kerja Realisasi
No.
Work Plan Realization
1. Melakukan penilaian kandidat terkait perubahan Dewan Rapat dilaksanakan pada 25 April 2025, masing-masing untuk
Komisaris dan Direksi kandidat:
Assessment of the candidate regarding changes of the • anggota Dewan Komisaris, Suharso Monoarfa yang akan
Board of Commissioners and Board of Directors menggantikan Kevin Gerard Gluskie; dan
• penunjukan kembali anggota Direksi, Sunnira Ly untuk masa
jabatan yang baru.
Meetings were held on 25 April 2025 for the following
candidates:
• Suharso Monoarfa, member of the Board of Commissioners,
who would replace Kevin Gerard Gluskie; and
• reappointment of Sunnira Ly, member of the Board of
Directors, for a new term of office.
2. Usulan honorarium untuk Dewan Komisaris dan paket Rapat dilaksanakan 7 Mei 2025
remunerasi untuk Direksi The meeting was held 7 May 2025
Proposal of honorarium for the Board of Commissioners
and remuneration package for Board of Directors
3. • Penyusunan laporan kepada Dewan Komisaris Rapat dilaksanakan pada 11 November 2025
• Rencana kerja dan target untuk tahun buku 2026 The meeting was held on 11 November 2025
• Preparation report to Board of Commissioners
• Work plans and target for financial year 2026
Direksi
Board of Directors
Direksi adalah salah satu organ utama Perseroan yang The Board of Directors is one of the Company’s main
memiliki tanggung jawab penuh atas pengurusan dan organs that is fully responsible for the management
pengelolaan Perseroan. Direksi bekerja secara kolektif and administration of the Company. The Board
kolegial dalam mengelola Perseroan untuk mencapai of Directors works collectively and collegially to
tujuan perusahaan, dengan tetap mematuhi semua manage the Company to achieve its objectives,
peraturan yang berlaku. Setiap anggota Direksi while complying with all applicable regulations.
menjalankan fungsi dan pengambilan keputusan Each member of the Board of Directors performs
berdasarkan pembagian tugas dan kewenangan yang functions and makes decisions based on the division
ditetapkan dalam anggaran dasar serta peraturan of duties and authorities stated in the articles of
perundang-undangan. association and laws and regulations.
Dasar Hukum Legal Basis
1. Undang-Undang Nomor 40 Tahun 2007 tentang 1. Law No. 40 of 2007 on Limited Liability Company;
Perseroan Terbatas; 2. POJK 33/2014;
2. POJK 33/2014; 3. Company’s Articles of Association; and
3. Anggaran Dasar Perseroan; dan 4. Board of Directors Charter.
4. Piagam Direksi.
Pedoman Kerja Direksi Board of Directors Charter
Direksi Indocement telah memiliki Piagam Direksi The Board of Directors of Indocement has the
yang dievaluasi secara berkala agar sejalan dengan Board of Directors Charter, which is periodically
perubahan peraturan perundang-undangan yang evaluated to comply with changes in applicable laws
berlaku dan disesuaikan dengan kebutuhan and regulations and adjusted to the needs of the
Perseroan. Direksi memiliki acuan kerja yang termuat Company. The Board of Directors has a work guideline
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dalam Piagam Direksi yang disahkan berdasarkan set out in the Board of Directors Charter, which was
Surat Keputusan Nomor 013/Kpts/Dir/ITP/XI/2022 ratified based on Decision Letter No. 013/Kpts/Dir/
tanggal 29 November 2022. Piagam Direksi menjadi ITP/XI/2022 dated 29 November 2022. The Board of
acuan Direksi dalam melakukan pengambilan Directors Charter serves as the Board of Directors’
keputusan dan pelaksanaan tugas serta tanggung reference in making decisions and implementing
jawabnya. duties and responsibilities.
Secara garis besar, isi Piagam Direksi adalah sebagai In general, the contents of the Board of Directors
berikut: Charter are as follows:
Bab Judul Isi
Chapter Title Content
I Pendahuluan • Latar belakang
Introduction • Visi, Misi dan Purpose Indocement
• Nilai-nilai Perusahaan
• Gaya Kepemimpinan Indocement
• Dasar Hukum
• Background
• Vision, Mission, and Purpose of Indocement
• Corporate Values
• Indocement Leadership Style
• Legal Basis
II Organisasi • Struktur Organisasi
Organization • Persyaratan
• Nominasi Keanggotaan
• Pengangkatan, Pengunduran Diri, dan Pemberhentian
• Masa Jabatan
• Program Pengenalan
• Organizational Structure
• Requirements
• Membership Nomination
• Appointment, Resignation, and Dismissal
• Term of Office
• Orientation Program
III Tugas, Tanggung jawab, dan Wewenang • Tugas dan Tanggung jawab
Duties, Responsibilities, and Authorities • Wewenang
• Pembatasan Kewenangan
• Pendelegasian Wewenang
• Pembagian Tugas
• Duties and Responsibilities
• Authority
• Limitation of Authority
• Delegation of Authority
• Duties Division
IV Rapat, Pelatihan, Penilaian Kinerja, dan • Rapat
Pertanggungjawaban • Pelatihan dan Pengembangan Kompetensi
Meetings, Trainings, Performance Assessment, and • Penilaian Kinerja
Accountability • Pertanggungjawaban
• Meetings
• Training and Competence Development
• Performance Assessment
• Responsibility
V Remunerasi
Remuneration
VI Komite dan Unit Pendukung Direksi • Komite Keselamatan
Board of Directors’ Supporting Committees and • Komite Etika
Units • Komite Environment, Sustainability and Governance
• Sekretaris Perusahaan
• Audit Internal
• Safety Committee
• Ethics Committee
• Environment, Sustainability, and Governance Committee
• Corporate Secretary
• Internal Audit
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Tata Kelola Perusahaan
Corporate Governance
Bab Judul Isi
Chapter Title Content
VII Pedoman Perilaku • Kepatuhan terhadap ketentuan hukum yang berlaku
Code of Conduct • Kepatuhan terhadap Pedoman Perilaku Indocement
• Menghindari Benturan Kepentingan
• Keberagaman, Keadilan dan Penghargaan
• Penanganan terhadap Properti, Catatan dan Informasi Perseroan
• Lingkungan, Keselamatan dan Kesehatan Kerja
• Compliance with the provisions of applicable laws
• Compliance with Indocement’s Code of Conduct
• Avoid Conflict of Interest
• Diversity, Fairness, and Respect
• Handling Company’s Property, Records and Information
• Environment, Occupational Health and Safety Management
VIII Hubungan kerja antara Direksi dan Dewan Komisaris
Working relationships between the Board of
Directors and the Board of Commissioners
IX Penutup
Closing
Pernyataan
Statement
Masa Jabatan Direksi Term of Office of the Board of Directors
Anggota Direksi diangkat dan diberhentikan oleh Members of the Board of Directors are appointed and
pemegang saham melalui RUPS. Anggota Direksi dismissed by shareholders through the GMS. Members
diangkat untuk jangka waktu terhitung sejak tanggal yang of Board of Directors are appointed for a period starting
ditetapkan oleh RUPS yang mengangkatnya dan berakhir from the date determined by the GMS that appoints
pada penutupan RUPS Tahunan yang ketiga setelah them and ends at the closing of the third Annual
pengangkatan tersebut, dengan tidak mengurangi hak GMS after the appointment, without prejudice to the
RUPS untuk sewaktu-waktu dapat memberhentikan GMS rights to dismiss the members of the Board of
Direksi sebelum masa jabatannya berakhir. Directors at any time before their term of office ends.
Jumlah, Komposisi, dan Dasar Number, Composition, and Basis of
Pengangkatan Direksi Appointment of Board of Directors
Pada 2025, anggota Direksi Perseroan berjumlah In 2025, the number of the Company’s Board of
tujuh orang, dengan komposisinya yang tidak Directors was seven members, with the composition
mengalami perubahan sebagai berikut: remained unchanged as follows:
Nama Jabatan Dasar Pengangkatan Periode Jabatan
Name Position Basis of Appointment Term of Office
Christian Kartawijaya Direktur Utama Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 2024–2027
President Director tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
Benny Setiawan Wakil Direktur Utama Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 2024–2027
Santoso Vice President Director tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
Hasan Imer Direktur Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 2024–2027
Director tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
Troy Dartojo Soputro Direktur Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 2024–2027
Director tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
Oey Marcos Direktur Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 2024–2027
Director tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
Holger Mørch Direktur Akta Pernyataan Keputusan RUPS Tahunan Nomor 17 2024–2027
Director tanggal 14 Mei 2024
Deed of Annual GMS Resolutions No. 17 dated 14 May 2024
Sunnira Ly Direktur Akta Pernyataan Keputusan RUPS Tahunan Nomor 06 2025–2028
Director tanggal 21 Mei 2025
Deed of Annual GMS Resolutions No. 06 dated 21 May 2025
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Tugas dan Tanggung Jawab Direksi Duties and Responsibilities of Board of
Directors
Tugas dan tanggung jawab Direksi sebagaimana Duties and responsibilities of Board of Directors as
dituangkan dalam Anggaran Dasar Perseroan dan stipulated in the Company’s Articles of Association
Piagam Direksi, antara lain adalah: and Board of Directors Charter, among others are:
1. Melakukan pengurusan Perseroan sesuai dengan 1. Managing the Company in accordance with the
maksud dan tujuan Perseroan sebagaimana Company’s purposes and objectives as stipulated
diatur dalam Anggaran Dasar Perseroan; in the Company’s Articles of Association;
2. Direksi wajib melaksanakan tugas dan tanggung 2. The Board of Directors must perform duties
jawabnya dengan itikad baik, penuh tanggung and responsibilities in good faith and with full
jawab dan kehati-hatian. Direksi harus bertindak responsibility and prudence. The Board of
demi kepentingan terbaik Perseroan dan harus Directors shall act for the best interest of the
mempertimbangkan berbagai risiko yang relevan Company and shall consider various risks relevant
bagi Perseroan dalam pengambilan keputusan to the Company in making decisions and taking
dan tindakan mereka; actions;
3. Dalam melaksanakan tugas dan tanggung 3. In performing its duties and responsibilities, the
jawabnya, Direksi wajib: Board of Directors is required to:
a. menyiapkan rencana pengembangan a. prepare the Company’s development plan and
Perseroan dan rencana kerja tahunan sebelum annual work plan prior the next financial year
dimulainya tahun buku berikutnya yang juga begins, which also includes the Company’s
mencakup anggaran tahunan Perseroan untuk annual budget for the next budget year. The
tahun anggaran berikutnya. Rencana kerja annual work plan must be submitted to the
tahunan wajib disampaikan kepada Dewan Board of Commissioners for approval. In the
Komisaris untuk mendapatkan persetujuan. event that the Board of Directors does not
Dalam hal Direksi tidak menyampaikan submit such annual work plan, the work plan
rencana kerja tersebut, maka rencana kerja of the previous year shall be applied;
tahunan sebelumnya yang akan dilaksanakan; b. promote innovation and uses the latest
b. mempromosikan inovasi dan penggunaan technology to increase competitiveness
teknologi mutakhir untuk meningkatkan daya and create long-term value for the
saing dan penciptaan nilai jangka panjang Company’s business and fulfill the social and
untuk bisnis Perseroan serta memenuhi environmental responsibilities;
tanggung jawab sosial dan lingkungan; c. prepare the Company’s accounting system
c. menyiapkan sistem akuntansi Perseroan based on the principles of internal control,
berdasarkan prinsip pengendalian intern, specifically the separation of management,
khususnya pemisahan fungsi pengelolaan, recording, storing, and monitoring functions;
pencatatan, penyimpanan, dan pengawasan; d. ensure the integrity of the Company’s
d. memastikan integritas akuntansi dan accounting and financial reporting systems
sistem pelaporan keuangan Perseroan dan and the timely and accurate disclosure of all
pengungkapan yang tepat waktu dan akurat Company’s material information;
atas semua informasi material Perseroan; e. ensure that the Company implements an
e. memastikan Perseroan menerapkan appropriate and effective risk management
manajemen risiko dan sistem pengendalian and internal control system that is aligned
internal yang tepat dan efektif yang selaras with the Company’s vision, mission, purpose,
dengan visi, misi, tujuan, sasaran dan Company's goals and strategies and complies
strategi Perseroan serta mematuhi peraturan with the applicable laws and regulations;
perundang-undangan yang berlaku; f. convene Annual GMS and other GMS as
f. menyelenggarakan RUPS Tahunan dan RUPS stipulated in the applicable laws and
lainnya sebagaimana diatur dalam peraturan regulations and articles of association;
perundang-undangan yang berlaku dan g. prepare the shareholders register, special
anggaran dasar; register, GMS minutes, and minutes of Board
g. menyiapkan daftar pemegang saham, daftar of Directors’ meetings;
khusus, risalah RUPS dan risalah rapat Direksi; h. prepare the Company’s annual report,
h. menyiapkan laporan tahunan, laporan sustainability report, and financial statements;
keberlanjutan, dan laporan keuangan
Perseroan;
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Tata Kelola Perusahaan
Corporate Governance
i. memelihara semua daftar, berita acara, dan i. maintain all register, minutes of meetings,
dokumen keuangan Perseroan; dan and financial documents of the Company; and
j. melaporkan kepada Perseroan mengenai j. report to the Company of the shares owned
saham-saham yang dimiliki oleh masing- by each member of Board of Directors and/or
masing anggota Direksi dan/atau keluarganya the family in the Company and any changes in
dalam Perseroan dan setiap perubahan ownership of the Company’s shares no later
kepemilikan saham-saham Perseroan paling than three working days after the ownership
lambat tiga hari kerja setelah terjadinya takes place or any changes in share ownership
kepemilikan atau setiap perubahan in the Company for it to be recorded in a
kepemilikan saham dalam Perseroan untuk special register.
selanjutnya dicatat dalam daftar khusus.
Direksi bertanggung jawab secara tanggung The Board of Directors are jointly responsible
renteng atas kerugian Perseroan yang disebabkan for the loss of the Company due to negligence
oleh kelalaian atau kesalahan yang disengaja or willful misconduct in performing the duties.
dalam pelaksanaan tugasnya. Namun demikian, However, each Director who fails to meet the
setiap Direktur yang tidak memenuhi persyaratan reporting requirement of share ownership must
pelaporan kepemilikan saham akan bertanggung be individually responsible for the Company’s
jawab secara individu atas kerugian yang diderita loss caused by such matters.
Perseroan sebagai akibat dari hal tersebut.
Seorang Direktur tidak bertanggung jawab atas The Director is not responsible for the Company’s
kerugian Perseroan dalam hal: loss in the event that:
a. kerugian tersebut bukan karena kelalaiannya a. such loss is not due to negligence or willful
atau kesalahan yang disengaja dalam misconduct in performing the duties;
melaksanakan tugasnya; b. the duties have been performed with full
b. telah menjalankan tugasnya dengan penuh responsibility, in good faith and prudence, and
tanggung jawab, dengan itikad baik dan perseverance for the interests and in line with
kehati-hatian, serta dengan ketekunan untuk the Company’s purposes and objectives;
kepentingan dan sesuai dengan maksud dan c. there is no direct or indirect conflict of
tujuan Perseroan; interest that causes the loss suffered by the
c. tidak mempunyai benturan kepentingan baik Company; and
secara langsung maupun tidak langsung yang d. reasonable preventive actions have been taken
mengakibatkan kerugian yang diderita oleh towards the occurrence and continuation of
Perseroan; dan such loss.
d. telah mengambil tindakan pencegahan yang
wajar terhadap kerugian yang timbul atau
berlanjut.
Tugas dan Tanggung Jawab masing- Duties and Responsibilities of Each
masing Direksi Member of Board of Directors
Setiap anggota Direksi memiliki tugas dan tanggung Each member of the Board of Directors has specific
jawab masing-masing sesuai dengan keahliannya duties and responsibilities in accordance with the
agar Direksi dapat menjalankan tugas dan tanggung respective expertise, ensuring that the Board of
jawabnya dengan lebih optimal. Direksi juga Directors can carry out duties and responsibilities
melakukan peninjauan dan pembaharuan atas optimally. The Board of Directors also reviews and
pembagian peran dan tanggung jawab ini dari waktu updates this division of roles and responsibilities
ke waktu. from time to time.
Pembagian tugas dan tanggung jawab anggota The segregation of duties and responsibilities of the
Direksi pada 2025 adalah sebagai berikut: Board of Directors in 2025 are as follows:
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Nama Jabatan Tugas dan Tanggung Jawab
Name Position Duties and Responsibilities
Christian Kartawijaya Direktur Utama • Komite Keselamatan
President Director • Komite Etika
• Komite Environmental, Sustainability, and Governance (ESG)
• Komite Hak Asasi Manusia
• Pengembangan Strategis
• Corporate Health, Safety, and Environment
• Beton Siap-Pakai dan Agregat
• Tanggung Jawab Sosial Perusahaan
• Hukum dan Kepatuhan
• Pembelian
• Sumber Bahan Bakar Alternatif
• Komunikasi Perseroan
• Safety Committee
• Ethics Committee
• Environment, Sustainability, and Governance (ESG) Committee
• Human Rights Committee
• Strategic Development
• Corporate Health, Safety, and Environment
• Ready-Mix Concrete and Aggregate
• Corporate Social Responsibility
• Legal and Compliance
• Procurement
• Alternative Fuel Sources
• Corporate Communication
Benny Setiawan Santoso Wakil Direktur Utama • Media Komunikasi
Vice President Director • Hubungan Masyarakat dan Pemerintahan
• Perencanaan Strategis Perseroan
• Jaringan Bisnis
• Communication Media
• Public and Government Relations
• Company’s Strategic Planning
• Business Network
Hasan Imer Direktur • Komite Keselamatan
Director • Komite Etika
• Komite ESG
• Komite Hak Asasi Manusia
• Alternative Fuel dan Alternative Material
• Sistem Manajemen Mutu
• Penggunaan Bahan Bakar Alternatif
• Teknik Produksi
• Safety Committee
• Ethics Committee
• ESG Committee
• Human Rights Committee
• Alternative Fuel and Alternative Material
• Quality Management System
• Use of Alternative Fuel
• Production Techniques
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Tata Kelola Perusahaan
Corporate Governance
Nama Jabatan Tugas dan Tanggung Jawab
Name Position Duties and Responsibilities
Troy Dartojo Soputro Direktur • Komite Keselamatan
Director • Komite Etika
• Komite ESG
• Komite Hak Asasi Manusia
• Pemasaran
• National Sales, terdiri dari:
» Sales Strategic & Planning
» Sales Group 1
» Sales Group 2
• National Supply Chain, terdiri dari:
» Logistik
» Distribution Network
» Supply Chain Strategic, Planning & Evaluation
• Safety Committee
• Ethics Committee
• ESG Committee
• Human Rights Committee
• Marketing
• National Sales, consisting of:
» Sales Strategy & Planning
» Sales Group 1
» Sales Group 2
• National Supply Chain, consisting of:
» Logistics
» Distribution Network
» Supply Chain Strategic, Planning & Evaluation
Oey Marcos Direktur • Komite Keselamatan
Director • Komite Etika
• Komite ESG
• Komite Hak Asasi Manusia
• Layanan Umum
• Pengembangan Bisnis
• Sumber Daya Manusia
• Keamanan dan Keselamatan
• Agraria dan Perizinan
• Jaringan Bisnis
• Safety Committee
• Ethics Committee
• ESG Committee
• Human Rights Committee
• General Services
• Business Development
• Human Capital
• Security and Safety
• Agriculture and Licensing
• Business Network
Holger Mørch Direktur • Komite Keselamatan
Director • Komite Etika
• Komite ESG
• Komite Hak Asasi Manusia
• Teknik Produksi
• Sistem Manajemen Mutu
• Safety Committee
• Ethics Committee
• ESG Committee
• Human Rights Committee
• Production Techniques
• Quality Management System
Sunnira Ly Direktur • Komite Keselamatan
Director • Komite Etika
• Komite ESG
• Komite Hak Asasi Manusia
• Keuangan Korporat dan Hubungan Investor
• Teknologi Informasi
• Akuntansi dan Perpajakan
• Safety Committee
• Ethics Committee
• ESG Committee
• Human Rights Committee
• Corporate Finance and Investor Relations
• Information Technology
• Accounting and Tax
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Wewenang Direksi Authority of the Board of Directors
Sebagaimana dituangkan dalam Piagam Direksi As stipulated in the Board of Directors Charter and
dan Anggaran Dasar Perseroan wewenang Direksi the Company’s Articles of Association, the authority
meliputi: of the Board of Directors includes:
1. Melakukan pengurusan Perseroan sesuai dengan 1. Managing the Company in line with the Company’s
kebijaksanaan Perseroan guna tercapainya policies to achieve the Company’s purposes and
maksud dan tujuan Perseroan; objectives;
2. Menetapkan, memelihara dan mengelola 2. Establishing, maintaining, and regulating the
kebijakan Perseroan; Company’s policies;
3. Mengelola ketenagakerjaan Perseroan, termasuk 3. Managing the Company’s workforce, including
penetapan gaji, pensiun, dan tunjangan lainnya determining salary, pension, and other allowances
bagi karyawan Perseroan sesuai dengan peraturan of the Company’s employees in accordance with
perundang-undangan yang berlaku dan/atau the applicable laws and regulations and/or GMS
keputusan RUPS (jika ada); resolutions (if any);
4. Mengangkat dan memberhentikan karyawan 4. Appointing and terminating Company’s
Perseroan sesuai dengan ketentuan peraturan employees in accordance with the applicable
perundang-undangan yang berlaku; laws and regulations;
5. Mendelegasikan wewenang Direksi untuk 5. Delegating the Board of Directors’ authority to
mewakili Perseroan kepada seorang atau represent the Company to one or more members
beberapa orang anggota Direksi yang khusus of Board of Directors who are specifically
ditunjuk untuk itu atau kepada seorang atau appointed for such matter or to one or more
lebih karyawan Perseroan, baik sendiri-sendiri employees of the Company, either individually or
maupun bersama-sama dengan orang lain atau jointly with other person or entity;
badan hukum; 6. Performing other actions according to the
6. Melakukan tindakan-tindakan lain sesuai dengan directions and recommendation of the Board of
petunjuk dan rekomendasi Dewan Komisaris; dan Commissioners; and
7. Seorang Direktur berwenang untuk mewakili 7. The Director has the authority to represent the
Perseroan, kecuali: Company, except such member is:
a. Memiliki perselisihan dengan Perseroan; a. Having dispute with the Company;
b. Mempunyai benturan kepentingan dengan b. Having conflict of interest with the Company.
Perseroan. Dalam kondisi demikian, maka In such matter, the authorized party
pihak yang berwenang mewakili Perseroan representing the Company shall be:
adalah: • Another member of the Board of Directors
• Direksi lainnya yang tidak memiliki without conflict of interest with the
benturan kepentingan dengan Perseroan; Company; or
atau • Board of Commissioners, in the event that
• Dewan Komisaris, apabila seluruh anggota all members of the Board of Directors have
Direksi mempunyai benturan kepentingan conflict of interest with the Company; or
dengan Perseroan; atau • Another party appointed by the GMS, in
• Pihak lain yang ditunjuk oleh RUPS the event that all members of the Board
apabila seluruh anggota Direksi dan of Directors and Board of Commissioners
Dewan Komisaris mempunyai benturan have conflict of interest with the Company.
kepentingan dengan Perseroan.
Selain mengatur mengenai kewenangan Direksi, Not only regulating the authority of the Board of
Piagam Direksi, dan Anggaran Dasar Perseroan Directors, but the Board of Directors Charter and
juga mengatur pembatasan kewenangan Direksi Articles of Association also limit the authority of
Indocement, sebagai berikut: Indocement’s Board of Directors as follows:
1. Pembatasan kewenangan dalam hal: 1. Limitations of the authority in the event of:
a. meminjam atau meminjamkan uang atas a. borrowing or lending money on behalf of the
nama Perseroan dengan nilai melebihi 20 juta Company with a value exceeding 20 million
Dolar AS atau nilai yang setara dalam mata US Dollars or its equivalent value in another
uang lain dalam satu transaksi; currency in one transaction;
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Tata Kelola Perusahaan
Corporate Governance
b. membeli, menjual atau dengan cara lain b. buying, selling, or in any ways acquiring
mendapatkan atau melepaskan hak atas or releasing rights to immovable property
barang tidak bergerak termasuk bangunan dan including buildings and land rights, in the
hak atas tanah, apabila nilai setiap transaksi event that each transaction’s value exceeds 5
melebihi 5 juta Dolar AS atau jumlah yang million US Dollars or its equivalent amount in
setara dalam mata uang lainnya; another currency;
c. menggadaikan atau membebankan aset c. pledging or charging the Company’s assets
Perseroan sebagai jaminan utang untuk as collateral for non-operational transactions
transaksi non operasional dengan nilai with value exceeding 20 million US Dollar or
melebihi 20 juta Dolar AS atau nilai yang its equivalent value in another currency;
setara dalam mata uang lainnya; d. binding the Company as guarantor/warranter;
d. mengikat Perseroan sebagai penjamin/ e. incorporating a subsidiary with an authorized
penanggung; capital of more than 5 million US Dollar or its
e. mendirikan entitas anak dengan modal dasar equivalent value in another currency;
melebihi 5 juta Dolar AS atau nilai yang setara f. taking part or participating in another company
dalam mata uang lainnya; or legal entity or organizing a new company
f. mengambil bagian atau ikut serta dalam that has an authorized capital of more than
perusahaan atau badan hukum lain atau 5 million US Dollar or its equivalent value in
menyelenggarakan perusahaan baru yang another currency;
memiliki modal dasar melebihi 5 juta Dolar g. releasing part or all of the Company’s
AS atau nilai yang setara dalam mata uang investment in another company or legal entity
lainnya; with a transaction value exceeding 5 million
g. melepaskan sebagian atau seluruh penyertaan US Dollars or its equivalent value in another
Perseroan dalam perusahaan atau badan currency; and
hukum lain dengan nilai transaksi melebihi h. in the event that it is necessary to exceed
5 juta Dolar AS atau nilai yang setara dalam such authority limit, the Board of Directors
mata uang lainnya; dan must obtain prior approval from the Board
h. apabila pembatasan kewenangan tersebut of Commissioners in accordance with the
terlampaui, maka Direksi harus mendapat Company’s Articles of Association.
persetujuan terlebih dahulu dari Dewan 2. to transfer, release, or make collateral of more
Komisaris sesuai dengan Anggaran Dasar than 50% of the total net assets of the Company,
Perseroan. either in one transaction or several transactions
2. untuk mengalihkan, melepaskan atau menjadikan that are independent or related to one another,
jaminan hutang lebih dari 50% dari jumlah the Board of Directors must obtain approval
kekayaan bersih Perseroan, baik dalam satu from the GMS attended by at least ¾ of the total
transaksi atau beberapa transaksi yang berdiri shares with voting rights, and approved by more
sendiri ataupun yang berkaitan satu sama lain, than ¾ of the total votes casted at the GMS.
Direksi harus mendapat persetujuan RUPS yang 3. to perform legal actions in form of transactions
dihadiri oleh paling sedikit ¾ bagian dari jumlah that contain conflicts of interest between
seluruh saham dengan hak suara, dan disetujui personal economic interests of the members
lebih dari ¾ bagian dari jumlah seluruh suara of Board of Directors, Board of Commissioners,
yang dikeluarkan dalam RUPS. or shareholders and the Company’s economic
3. untuk menjalankan perbuatan hukum berupa interests in accordance with the provisions
transaksi yang memuat benturan kepentingan on the affiliated transactions and conflict of
antara kepentingan ekonomis pribadi anggota interest transactions, the Board of Directors
Direksi, Dewan Komisaris atau pemegang saham requires approval of the GMS based on the most
dengan kepentingan ekonomis Perseroan sesuai affirmative votes from the shareholders who do
ketentuan tentang transaksi afiliasi dan transaksi not have any conflict of interest.
benturan kepentingan, Direksi memerlukan
persetujuan RUPS berdasarkan suara setuju
terbanyak dari pemegang saham yang tidak
mempunyai benturan kepentingan.
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Rapat Direksi Board of Directors’ Meetings
Kebijakan Rapat Meeting Policy
Direksi wajib mengadakan rapat paling kurang satu The Board of Directors is required to hold meetings
kali dalam satu bulan sesuai dengan POJK 33/2014. at least once every month in accordance with POJK
Direksi juga wajib mengadakan rapat bersama 33/2014. The Board of Directors is also required to
Dewan Komisaris paling kurang satu kali dalam hold a meeting with the Board of Commissioners at
empat bulan. least once every four months.
Direksi juga dapat mengadakan rapat sewaktu- The Board of Directors may also hold a meeting
waktu atas permintaan satu atau beberapa anggota upon request from one or several members of
Direksi atau permintaan Dewan Komisaris, dengan the Board of Directors or request from the Board
menyebutkan hal-hal yang akan dibicarakan. Dalam of Commissioners, by stating the matters to be
setiap rapat Direksi dibuatkan risalah rapat dan discussed. In each Board of Directors’ meeting,
ditandatangani oleh pimpinan rapat serta seluruh minutes of meetings are prepared and signed
anggota Direksi yang hadir dalam rapat. Risalah by the chairman of the meeting and all members
rapat berisi hal-hal yang dibicarakan dan hal-hal of the Board of Directors present at the meeting.
yang diputuskan. The minutes of the meeting contain the matters
discussed and the matters resolved.
Frekuensi, Agenda, dan Kehadiran dalam Rapat Frequency, Agenda, and Attendance of Meetings
Sepanjang 2025, Direksi telah melaksanakan Throughout 2025, the Board of Directors held 32
sebanyak 32 kali rapat dan 3 kali rapat bersama meetings and 3 joint meetings with the Board of
Dewan Komisaris, sesuai dengan kriteria rapat yang Commissioners, in accordance with the required
dipersyaratkan. Adapun agenda dan rekapitulasi criteria for the meeting. The agenda and attendance
kehadiran Direksi dalam rapat di 2025 adalah recapitulation of the Board of Directors at meetings
sebagai berikut: in 2025 are as follows:
Agenda Rapat Direksi
Meeting Agenda of the Board of Directors
Tanggal Peserta
No. Agenda
Date Participants
1. 14 Januari Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
14 January Operational Updates All Board of Directors, except for Benny Setiawan Santoso
2. 20 Januari Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso
20 January All Board of Directors, except for Benny Setiawan Santoso
3. 14 Februari Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
14 February Operational Updates All Board of Directors, except for Benny Setiawan Santoso
4. 3 Maret Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso
3 March All Board of Directors, except for Benny Setiawan Santoso
5. 14 Maret Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
14 March Operational Updates All Board of Directors, except for Benny Setiawan Santoso
6. 24 Maret Komite Eksekutif Khusus FA #02 Seluruh Direksi kecuali Benny Setiawan Santoso
24 March Special Excom FA #02 All Board of Directors, except for Benny Setiawan Santoso
7. 14 April Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
Operational Updates All Board of Directors, except for Benny Setiawan Santoso
8. 16 April Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
Operational Updates All Board of Directors, except for Benny Setiawan Santoso
9. 24 April Capex and Project Seluruh Direksi kecuali Christian Kartawijaya dan Benny
Setiawan Santoso
All Board of Directors, except for Christian Kartawijaya and
Benny Setiawan Santoso
10. 15 Mei Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
15 May Operational Updates All Board of Directors, except for Benny Setiawan Santoso
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Tata Kelola Perusahaan
Corporate Governance
Tanggal Peserta
No. Agenda
Date Participants
11. 20 Mei Persiapan RUPS Tahunan dan Seluruh Direksi
20 May RUPS Luar Biasa All Board of Directors
Preparation of Annual GMS and
Extraordinary GMS
12. 27 Mei Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso dan Hasan
27 May Imer
All Board of Directors, except for Benny Setiawan Santoso and
Hasan Imer
13. 12 Juni Komite Eksekutif Khusus FJ #01 Seluruh Direksi kecuali Christian Kartawijaya dan Benny
12 June Special Excom FJ #01 Setiawan Santoso
All Board of Directors, except for Christian Kartawijaya and
Benny Setiawan Santoso
14. 16 Juni Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
16 June Operational Updates All Board of Directors, except for Benny Setiawan Santoso
15. 19 Juni Komite Eksekutif Khusus FJ #02 Seluruh Direksi kecuali Benny Setiawan Santoso
19 June Special Excom FJ #02 All Board of Directors, except for Benny Setiawan Santoso
16. 9 Juli Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso
9 July All Board of Directors, except for Benny Setiawan Santoso
17. 14 Juli Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso dan Sunnira Ly
14 July Operational Updates All Board of Directors, except for Benny Setiawan Santoso and
Sunnira Ly
18. 24 Juli Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso dan Holger
24 July Mørch
All Board of Directors, except for Benny Setiawan Santoso and
Holger Mørch
19. 14 Agustus Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso dan Sunnira Ly
14 August Operational Updates All Board of Directors, except for Benny Setiawan Santoso and
Sunnira Ly
20. 1 September Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso
All Board of Directors, except for Benny Setiawan Santoso
21. 16 September Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso dan Sunnira Ly
Operational Updates All Board of Directors, except for Benny Setiawan Santoso and
Sunnira Ly
22. 17 September Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso dan Sunnira Ly
Operational Updates All Board of Directors, except for Benny Setiawan Santoso and
Sunnira Ly
23. 24 September Komite Eksekutif Khusus Seluruh Direksi kecuali Benny Setiawan Santoso
FO#02 2025 All Board of Directors, except for Benny Setiawan Santoso
Special Excom FO#02 2025
24. 25 September Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso
All Board of Directors, except for Benny Setiawan Santoso
25. 14 Oktober Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
14 October Operational Updates All Board of Directors, except for Benny Setiawan Santoso
26. 22 Oktober Komite Eksekutif Khusus Seluruh Direksi kecuali Benny Setiawan Santoso, Hasan Imer
22 October OP 2026 #01 dan Oey Marcos
Special Excom OP 2026 #01 All Board of Directors, except for Benny Setiawan Santoso,
Hasan Imer, and Oey Marcos
27. 28 Oktober Komite Eksekutif Khusus Seluruh Direksi kecuali Benny Setiawan Santoso
28 October OP 2026 #02 All Board of Directors, except for Benny Setiawan Santoso
Special Excom OP 2026 #02
28. 30 Oktober Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso dan Hasan
30 October Imer
All Board of Directors, except for Benny Setiawan Santoso and
Hasan Imer
29. 14 November Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
Operational Updates All Board of Directors, except for Benny Setiawan Santoso
30. 3 Desember Persiapan Persetujuan Anggaran Seluruh Direksi
3 December 2026 All Board of Directors
Preparation for 2026 Budget
Approval
31. 4 Desember Capex and Project Seluruh Direksi kecuali Benny Setiawan Santoso
4 December All Board of Directors, except for Benny Setiawan Santoso
32. 12 Desember Update Operasional Seluruh Direksi kecuali Benny Setiawan Santoso
12 December Operational Updates All Board of Directors, except for Benny Setiawan Santoso
Laporan Tahunan 2025 Annual Report 251
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Rekapitulasi Kehadiran Direksi dalam Rapat
Attendance Recapitulation of the Board of Directors at Meetings
Rapat Direksi Mengundang Dewan
Rapat Direksi Komisaris
Board of Directors’ Meetings Board of Directors’ Meeting Inviting
Nama Jabatan Board of Commissioners
Name Position Jumlah Jumlah Jumlah Jumlah
Kehadiran Kehadiran
Rapat Kehadiran Rapat Kehadiran
Attendance Attendance
Total Total Total Total
(%) (%)
Meetings Attendance Meetings Attendance
Christian Direktur Utama 32 30 93,75 3 3 100
Kartawijaya President Director
Benny Setiawan Wakil Direktur Utama 32 2 6,25 3 0 0
Santoso Vice President Director
Hasan Imer Direktur 32 29 90,63 3 3 100
Director
Troy Dartojo Direktur 32 32 100 3 3 100
Soputro Director
Oey Marcos Direktur 32 31 96,88 3 0 0
Director
Holger Mørch Direktur 32 31 96,88 3 3 100
Director
Sunnira Ly Direktur 32 28 87,50 3 3 100
Director
Pelaksanaan Tugas Direksi Implementation of Board of Directors’
Duties
Sepanjang 2025, Direksi telah menjalankan fungsi, Throughout 2025, the Board of Directors carried out
tugas dan tanggung jawabnya dengan rincian sebagai its functions, duties, and responsibilities with the
berikut: following details:
1. Menyelenggarakan 32 kali rapat Direksi; 1. Convene 32 Board of Directors’ meetings;
2. Menyelenggarakan tiga kali rapat Direksi dengan 2. Convene three Board of Directors’ meetings by
mengundang Dewan Komirsaris; inviting the Board of Commissioners;
3. Menghadiri tiga kali rapat yang diadakan oleh 3. Attending three Board of Commissioners’
Dewan Komisaris; meetings;
4. Melakukan rapat-rapat dengan komite-komite di 4. Convene meetings with the committees under
bawah Direksi, dengan divisi-divisi terkait pada the Board of Directors, with divisions related
masing-masing bidang, maupun rapat-rapat yang to each area, as well as meetings held by the
dilakukan oleh project team; project team;
5. Menyelenggarakan paparan publik pada 25 Maret 5. Convene public expose on 25 March 2025;
2025; 6. Convene one Annual GMS and one Extraordinary
6. Menyelenggarakan satu kali RUPS Tahunan GMS, both of which were held on 21 May 2025;
dan satu kali RUPS Luar Biasa yang keduanya 7. Implementing the resolutions of Annual GMS to:
dilaksanakan pada 21 Mei 2025; a. Distribute cash dividends to the Company’s
7. Melaksanakan keputusan RUPS Tahunan untuk: shareholders in the amount of Rp259 per
a. Membagikan dividen tunai kepada pemegang 1 share, without considering the number
saham Perseroan sebesar Rp259 per 1 saham, of shares owned by the Company due to
tanpa memperhitungkan jumlah saham yang share buyback by the Company, with a total
dikuasai Perseroan karena pembelian kembali dividend value of Rp867,643,239,841. Dividend
saham oleh Perseroan, dengan total nilai distribution was carried out on 20 June 2025;
dividen sebesar Rp867.643.239.841. Distribusi
dividen dilakukan sejak 20 Juni 2025;
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Tata Kelola Perusahaan
Corporate Governance
b. Menyatakan kembali keputusan RUPS Tahunan b. Restate the resolutions of Annual GMS
mengenai perubahan susunan Direksi dan regarding changes to the Company’s
Dewan Komisaris Perseroan di hadapan composition of the Board of Directors and
Notaris dan selanjutnya memberitahukan Board of Commissioners before a Notary
kepada Menteri Hukum Republik Indonesia. and then inform the Minister of Law of the
8. Melaksanakan keputusan RUPS Luar Biasa untuk: Republic of Indonesia.
a. Melakukan penarikan kembali sebagian 8. Implementing the resolutions of Extraordinary
saham hasil pembelian kembali saham GMS to:
Perseroan yang dilaksanakan pada 2021 a. Withdraw a portion of shares resulting from
dan 2022 dengan cara pengurangan modal the Company’s share buyback carried out in
ditempatkan dan disetor Perseroan sebanyak 2021 and 2022 by decreasing the Company’s
165.628.900 saham, masing-masing saham issued and paid-up capital by 165,628,900
bernilai nominal Rp500. Oleh karenanya, shares, each with a nominal value of Rp500.
modal ditempatkan dan disetor Perseroan Therefore, the Company’s issued and paid-up
menjadi sebesar Rp1.757.801.399.500, terbagi capital became Rp1,757,801,399,500, divided
atas 3.515.602.799 saham, serta melakukan into 3,515,602,799 shares, and amend the
perubahan Anggaran Dasar Perseroan atas Company’s Articles of Association to reflect
penurunan modal ditempatkan dan disetor the decrease in issued and paid-up capital;
tersebut; b. Conduct share buyback for the period of
b. Melakukan pembelian kembali saham 22 May 2025 to 21 May 2026, with a maximum
Perseroan periode 22 Mei 2025 sampai dengan buyback cost of Rp2,250,000,000,000, from
21 Mei 2026 dengan biaya pembelian kembali the Company’s internal cash, including share
yang dianggarkan sebanyak-banyaknya buyback cost, brokerage commissions, and
sebesar Rp2.250.000.000.000 yang berasal other costs related to share buyback.
dari kas internal Perseroan, termasuk biaya 9. Managing the Company, in line with each respective
pembelian kembali saham, komisi pedagang Board of Directors’ area and duties division;
perantara serta biaya lain berkaitan dengan 10. Providing directions and inspirations for
pembelian kembali saham. employees through townhall discussions with
9. Mengelola Perseroan sesuai dengan bidang dan employees;
pembagian tugas masing-masing Direksi; 11. Holding SHE Walk Observation at four Indocement
10. Memberikan arahan dan inspirasi kepada factories and holding inspections to the Company
karyawan melalui diskusi townhall dengan work units;
karyawan; 12. Improving environmentally sound factory
11. Melaksanakan SHE Walk Observation di empat operational management, particularly through
kompleks pabrik Indocement dan melakukan the use of refuse-derived fuel (RDF) to replace
inspeksi ke unit kerja Perseroan; coal and the operation of solar panels;
12. Meningkatkan pengelolaan operasional pabrik 13. Conducting self-assessments on the
yang berwawasan lingkungan, terutama dengan implementation of Human Rights and GCG in the
penggunaan refuse-derived fuel (RDF) untuk Company’s operations;
menggantikan batu bara dan pengoperasian solar 14. Ensure that employees follow and complete the
panel; e-Learning program, which includes material on
13. Melaksanakan penilaian mandiri (self- Basic Compliance, Anti-Competition Law, Anti-
assessment) atas implementasi Hak Asasi Corruption, and Human Rights;
Manusia dan GCG dalam operasional Perseroan; 15. Through the Company’s subsidiary, establish a
14. Memastikan karyawan mengikuti dan new business, PT Mortar Prakarsa Utama.
menyelesaikan program e-Learning yang
mencakup materi tentang Basic Compliance,
Anti Persaingan Usaha, Antikorupsi dan Hak Asasi
Manusia;
15. Melalui entitas anak Perseroan, membentuk
usaha baru PT Mortar Prakarsa Utama.
Laporan Tahunan 2025 Annual Report 253
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Program Orientasi Direksi Orientation Program for Board of Directors
Anggota Direksi yang diangkat untuk pertama kalinya Members of the Board of Directors, who are appointed
diberikan program orientasi/pengenalan mengenai for the first time, shall be given an orientation/
Perseroan. Program ini bertujuan untuk memberikan introduction program on the Company. This program
pemahaman tentang visi, misi, dan nilai-nilai is intended to provide understanding on the vision,
Perseroan, kode etik dan pedoman tingkah laku, mission, and values of the Company, code of conduct
struktur organisasi, serta Pedoman dan Tata Tertib and behavior, organizational structure, and Charter
Kerja Direksi. of the Board of Directors.
Pada 2025, Perseroan tidak menjalankan program In 2025, the Company did not conduct a Board of
orientasi Direksi dikarenakan tidak adanya perubahan Directors orientation program due to there were no
anggota Direksi. changes in the Board of Directors’ composition.
Pelatihan dan Peningkatan Kompetensi Training and Competence Development
Direksi of the Board of Directors
Perseroan memfasilitasi Direksi untuk mengikuti The Company facilitates the Board of Directors’
program pelatihan dan pengembangan kompetensi participation in training and competence
guna menunjang Direksi dalam melaksanakan tugas development programs to support them in carrying
dan tanggung jawabnya, baik yang diselenggarakan out their duties and responsibilities, both internally
oleh internal Perseroan atau yang diselenggarakan and externally. Throughout 2025, members of the
oleh pihak eksternal. Sepanjang 2025, anggota Board of Directors attended training and competence
Direksi Perseroan telah mengikuti program pelatihan development programs as follows:
dan pengembangan kompetensi sebagai berikut:
Nama Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name Position Programs Attended Organizer Time and Place
Christian Direktur Utama Indocement Executive Strategic Indocement Bogor, 4 Februari
Kartawijaya President Forum (IESF) Bogor, 4 February
Director Mandiri Investment Forum Bank Mandiri Jakarta, 11 Februari
Jakarta, 11 February
Outlook Ekonomi dan Keuangan Tahun OJK Jakarta, 20 Februari
2025 Jakarta, 20 February
Economic and Financial Outlook 2025
UOB Economic Forum UOB Jakarta, 24 April
Lokakarya tentang Pergeseran Pola Heidelberg Materials Daring, 29 April
Pikir Kepemimpinan Online, 29 April
Workshop on Leadership Mindset
Shifts
Global Leadership Lab 2025 Heidelberg Materials Brevik dan Oslo, 23–24
Juni
Brevik and Oslo, 23–24
June
Green Electricity for Sustainable Perusahaan Listrik Negara (PLN) Jakarta, 7 Agustus
Industry Indonesia Electricity Company (PLN) Jakarta, 7 August
Sosialisasi Outlook 2026 Indocement Jakarta, 20 Agustus
2026 Outlook Socialization Jakarta, 20 August
Sosialisasi: Ekonomi Makro dan Indocement Jakarta, 20 Agustus
Arahan Kebijakan Pemerintah Jakarta, 20 August
Socialization: Macroeconomic Outlook
and Government Policy Direction
Indocement Executive Retreat Indocement Bogor, 25–26 Agusuts
Bogor, 25–26 August
Outlook 2026: Driving Indonesia’s Perum Lembaga Kantor Berita Jakarta, 19 November
Sustainable Growth Nasional ANTARA
ANTARA National News Agency
Corporation
Outlook Ekonomi 2026 Asosiasi Perusahaan Semen Jakarta, 27 November
Economic Outlook 2026 Seluruh Indonesia (Asperssi)
Association of Indonesian
Cement Companies (Asperssi)
254 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Nama Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name Position Programs Attended Organizer Time and Place
Benny Wakil Direktur Sosialisasi Outlook 2026 Indocement Jakarta, 20 Agustus
Setiawan Utama 2026 Outlook Socialization Jakarta, 20 August
Santoso Vice President Sosialisasi: Ekonomi Makro dan Indocement Jakarta, 20 Agustus
Director Arahan Kebijakan Pemerintah Jakarta, 20 August
Socialization: Macroeconomic Outlook
and Government Policy Direction
Sesi Pelatihan Direksi First Pacific First Pacific Co. Ltd. 17 Oktober
tentang Kecerdasan Buatan 17 October
First Pacific Directors’ Training
session on Artificial Intelligence
Menang dengan AI: Merangkul PLDT 18 November
Perubahan dan Mengoptimalkan
Pengambilan Keputusan dalam Skala
Besar
Winning with AI: Embracing Change
and Optimizing Decisions at Scale
Supercreativity: Memimpin di Era PLDT 18 November
Kecerdasan Buatan
Supercreativity: Leading in the Age
of AI
Peluang dan Risiko bagi Kawasan, National University of Singapore Singapura, 8 Desember
Indonesia, dan Indofood dalam Lima dan Founding Patron of its Asia Singapore, 8 December
hingga Sepuluh Tahun Mendatang Competitiveness Institute
Opportunities and Risks for the National University of Singapore
Region, Indonesia and Indofood over and Founding Patron of its Asia
the next five to ten years Competitiveness Institute
Hasan Imer Direktur Sosialisasi Outlook 2026 Indocement Jakarta, 20 Agustus
Director 2026 Outlook Socialization Jakarta, 20 August
Sosialisasi: Ekonomi Makro dan Indocement Jakarta, 20 Agustus
Arahan Kebijakan Pemerintah Jakarta, 20 August
Socialization: Macroeconomic Outlook
and Government Policy Direction
Konferensi China National Building China National Building Material Jakarta, 29 Agustus
Material (CNMB) Group Jakarta, 29 August
China National Building Material
(CNMB) Conference
Forum Inspektor Indocement 2025 Indocement Bogor, 19 September
Indocement Inspector Forum 2025
Caring Teams, Lasting Impact, Indocement Daring, 30 September
Building Trust, Courage & Online, 30 September
Commitment for Collective Success
Troy Dartojo Direktur Indocement Executive Strategic Indocement Bogor, 4 Februari
Soputro Director Forum (IESF) Bogor, 4 February
Lokakarya Roadmap Net Zero Asosiasi Perusahaan Semen Jakarta, 25 Februari
Emission Industri Semen Tahun 2050 Seluruh Indonesia (Asperssi) Jakarta, 25 February
Workshop on the Roadmap to Net Association of Indonesian
Zero Emissions for the Cement Cement Companies (Asperssi)
Industry by 2050.
Lokakarya tentang Pergeseran Pola Heidelberg Materials Daring, 29 April
Pikir Kepemimpinan Online, 29 April
Workshop on Leadership Mindset
Shifts
Sosialisasi Outlook 2026 Indocement Jakarta, 20 Agustus
2026 Outlook Socialization Jakarta, 20 August
Sosialisasi: Ekonomi Makro dan Indocement Jakarta, 20 Agustus
Arahan Kebijakan Pemerintah Jakarta, 20 August
Socialization: Macroeconomic Outlook
and Government Policy Direction
Indocement Executive Retreat Indocement Bogor, 25–26 Agusuts
Bogor, 25–26 August
Legal Councel & Compliance (LCC) Indocement Bogor, 18 September
Week VII
Indocement Safety Leadership Forum Indocement Bogor, 28 Oktober
Bogor, 28 October
Outlook Ekonomi 2026 Asosiasi Perusahaan Semen Jakarta, 27 November
Economic Outlook 2026 Seluruh Indonesia (Asperssi)
Association of Indonesian
Cement Companies (Asperssi)
Laporan Tahunan 2025 Annual Report 255
Page 256
Nama Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name Position Programs Attended Organizer Time and Place
Oey Marcos Direktur Indocement Executive Strategic Indocement Bogor, 4 Februari
Director Forum (IESF) Bogor, 4 February
Pertemuan Tahunan Industri Jasa OJK Jakarta, 11 Februari
Keuangan 2025 Jakarta, 11 February
Annual Meeting of the Financial
Services Industry 2025
Pelatihan Keamanan Siber Heidelberg Materials Workday, 14 Februari
Cyber Security Training Workday, 14 Febuary
Lokakarya tentang Pergeseran Pola Heidelberg Materials Daring, 29 April
Pikir Kepemimpinan Online, 29 April
Workshop on Leadership Mindset
Shifts
Pelatihan Kepatuhan Dasar Heidelberg Materials Workday, 15 Mei
Compliance Basic Training Workday, 15 May
Pelatihan Pencegahan Korupsi Heidelberg Materials Workday, 14 Agustus
Preventing Corruption Training Workday, 14 August
Sosialisasi Outlook 2026 Indocement Jakarta, 20 Agustus
2026 Outlook Socialization Jakarta, 20 August
Sosialisasi: Ekonomi Makro dan Indocement Jakarta, 20 Agustus
Arahan Kebijakan Pemerintah Jakarta, 20 August
Socialization: Macroeconomic Outlook
and Government Policy Direction
Indocement Executive Retreat Indocement Bogor, 25–26 Agusuts
Bogor, 25–26 August
Pelatihan Kesadaran akan Bias Bawah Heidelberg Materials Workday, 6 September
Sadar
Unconscious Bias Awareness Training
Webinar Kepatuhan dan Risiko Hukum Asosiasi Dana Pensiun Daring, 23 September
Dalam Pengelolaan Dana Pensiun Indonesia Online, 23 Sepetember
Webinar on Regulatory Compliance Indonesian Pension Fund
and Legal Risk Management in Association
Pension Funds
Global HR Directors Meeting Heidelberg Materials Heidelberg, 23–24
Oktober
Heidelberg, 23–24
October
Pelatihan Kesadaran Perundungan Heidelberg Materials Workday, 12 November
Pasif Agresif
Passive Aggressive Bullying Awareness
Training
Outlook 2026: Driving Indonesia’s Perum Lembaga Kantor Berita Jakarta, 19 November
Sustainable Growth Nasional ANTARA
ANTARA National News Agency
Corporation
16th Kompas100 CEO Forum 2025 Kompas Tangerang, 26
November
Holger Direktur Webinar tentang Bahan Bakar FL Smidth Daring, 7 Mei
Mørch Director Alternatif untuk Pabrik Semen Modern Online, 7 May
Alternative Fuel for the Modern
Cement plant Webinar
Webinar tentang Kalsinasi Lempung Heidelberg Materials Daring, 26 Juni
Clay Calcination Webinar Online, 26 June
Sunnira Ly Direktur Lokakarya Pengantar Standar Heidelberg Materials Daring, 6 Agustus
Director Minimum Kepatuhan Pajak Online, 6 August
Tax Compliance Minimum Standards
– Introduction Workshop
Pelatihan Indikator Kunci dalam Heidelberg Materials Daring, 1 Desember
Proses Pengambilan Keputusan Online, 1 December
Investasi
Key Figures in the Investment
Decision Process Training
256 Laporan Tahunan 2025 Annual Report
Page 257
Tata Kelola Perusahaan
Corporate Governance
Mekanisme Pengunduran Diri dan Mechanism of Resignation and Dismissal
Pemberhentian Direksi of Board of Directors
Dalam Anggaran Dasar Perseroan dan Piagam Direksi, In the Company’s Articles of Association and Board
terdapat ketentuan yang mengatur bahwa anggota of Directors’ Charter, there are provisions governing
Direksi berhak mengundurkan diri dari jabatannya that a member of the Board of Directors is entitled to
dengan memberitahukan secara tertulis mengenai resign from the position by giving written notification
maksud tersebut kepada Perseroan paling sedikit 60 regarding such intention to the Company at least
hari kalender sebelum tanggal pengunduran dirinya. 60 calendar days prior to the resignation date. With
Terhadap pengunduran diri yang diajukan tersebut, respect to the proposed resignation, the Company is
Perseroan wajib menyelenggarakan RUPS dalam required to hold a GMS within 90 calendar days after
jangka waktu paling lambat 90 hari kalender setelah the resignation letter of the member of the Board
diterimanya surat pengunduran diri anggota Direksi of Directors is received, including to determine the
yang bersangkutan, termasuk untuk menetapkan validity of the resignation that is earlier than the 60
berlakunya pengunduran diri yang lebih awal dari calendar day period, and to fill in vacancies if the
jangka waktu 60 hari kalender tersebut, serta untuk resignation is approved by the GMS.
mengisi lowongan bila pengunduran dirinya disetujui
oleh RUPS.
Dalam hal Perseroan tidak menyelenggarakan In the event that the Company does not hold a
RUPS dalam jangka waktu 90 hari kalender setelah GMS within 90 calendar days of the receipt of the
diterimanya surat pengunduran diri, maka dengan resignation letter, then by the elapsed time period,
lampaunya kurun waktu tersebut, pengunduran the resignation of the said members of the Board of
diri anggota Direksi menjadi sah tanpa memerlukan Directors becomes valid without requiring approval
persetujuan RUPS. Pengunduran diri dan/atau from the GMS. The resignation and/or dismissal
pemberhentian Direksi diputuskan dalam RUPS of the Board of Directors shall be resolved in the
sesuai peraturan perundangan yang berlaku. GMS in accordance with the applicable laws and
regulations.
Penilaian Kinerja Komite dan Organ di Performance Assessment of Committees
bawah Direksi and Organs Under the Board of
Directors
Dalam menjalankan fungsi, tugas dan tanggung In performing the functions, duties, and
jawabnya, Direksi dibantu oleh organ di bawah responsibilities, the Board of Directors is assisted
Direksi yang bersifat struktural. Selain itu, Direksi by structural organs under the Board of Directors.
juga dapat membentuk komite yang bersifat Besides, the Board of Directors may also form an
ad-hoc yang menangani bidang tertentu yang ad-hoc committee to manage certain areas that are
dianggap penting oleh Direksi. considered important by the Board of Directors.
Direksi menilai kinerja organ dan komite di bawah The Board of Directors considered that the
Direksi telah sesuai dengan tugas dan tanggung performances of the organs and committees under
jawab yang diembannya dan telah memperoleh the Board of Directors are in accordance with their
pencapaian sebagaimana yang ditetapkan. duties and responsibilities and have achieved the
achievements as stipulated.
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Independensi dan Transparansi
Dewan Komisaris dan Direksi
Independence and Transparency of Board of Commissioners and
Board of Directors
Berdasarkan ketentuan perundang-undangan, According to the laws and regulations, the Board
Dewan Komisaris dan Direksi harus bersikap of Commissioners and Board of Directors shall be
independen dan terbebas dari kepentingan dalam independent and free from conflicts of interest
menjalankan tugas dan tanggung jawabnya. Berikut in carrying out their duties and responsibilities.
adalah informasi terkait independensi Dewan Below are information on independence of Board of
Komisaris dan Direksi Perseroan. Commissioners and Board of Directors.
Pengelolaan Benturan Kepentingan Management of Conflict of Interest
Salah satu faktor pendorong terjadinya fraud adalah One of the driving factors for fraud is the behavior
perilaku benturan kepentingan, yang merupakan of conflict of interest, which is a condition in
suatu kondisi dimana pertimbangan pribadi dan/atau which personal and/or group considerations affect
golongan mempengaruhi dan/atau menyingkirkan and/or eliminate the professionalism of Board of
profesionalitas Dewan Komisaris dan Direksi dalam Commissioners and Board of Directors in performing
melaksanakan kewajibannya. their obligations.
Benturan Kepentingan Dewan Komisaris Conflict of Interest of the Board of Commissioners
Benturan kepentingan Dewan Komisaris adalah Conflict of interest of the Board of Commissioners
suatu kondisi tertentu di mana kepentingan means a certain condition where the individual
individual anggota Dewan Komisaris berpotensi interest of a member of the Board of Commissioners
untuk bertentangan dengan kepentingan has the potential to be against the Company’s
Perseroan untuk meraih laba, meningkatkan nilai interest in gaining profit, increasing the Company’s
Perseroan, mencapai visi dan menjalankan misi value, achieving vision, and performing mission,
Perseroan serta melaksanakan keputusan RUPS. as well as executing GMS resolutions. Conflicts of
Benturan kepentingan dapat mempengaruhi interest may affect the ability of members of Board
kemampuan anggota Dewan Komisaris untuk of Commissioners to perform their duties effectively
melaksanakan tugasnya secara efektif dan adil. and fairly. The Board of Commissioners complies
Dewan Komisaris Perseroan mematuhi Peraturan with Financial Services Authority Regulation No.
Otoritas Jasa Keuangan Nomor 42/POJK.04/2020 42/POJK.04/2020 on Affiliated Transactions and
tentang Transaksi Afiliasi dan Transaksi Benturan Conflict of Interest Transactions. Some of the
Kepentingan. Beberapa prinsip yang dianut untuk principles applied to avoid conflict of interest and
mencegah terjadinya benturan kepentingan dan further implication that often occur among others
implikasi lanjutan yang sering ditimbulkannya antara are as follows:
lain adalah sebagai berikut: 1. The Board of Commissioners shall always avoid
1. Dewan Komisaris selalu menghindari adanya any conflict of interest in performing its duties
benturan kepentingan di dalam melaksanakan and shall avoid any activity that can affect its
tugasnya dan harus menghindari setiap aktivitas independence in supervising the Company;
yang dapat mempengaruhi independensinya 2. The Board of Commissioners shall never use its
dalam tugas pengawasan Perseroan; position for personal interest or for other person’s
2. Dewan Komisaris tidak akan memanfaatkan or other related party’s interest;
jabatan untuk kepentingan pribadi atau untuk
kepentingan orang atau pihak lain yang terkait;
258 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
3. Dewan Komisaris wajib mengungkapkan jika 3. The Board of Commissioners must disclose
ada anggota Dewan Komisaris atau anggota in the event that members of the Board of
keluarganya (suami-istri, anak-anak, atau Commissioners or their family members (spouse,
anggota keluarga dekat lainnya) memiliki atau children, or other close family members) own
memperoleh, hadiah, warisan atau dengan cara or receive gifts, inheritance, or in any ways have
lain memiliki suatu kepentingan dalam relasi interest in the Company’s business relations;
bisnis Perseroan; 4. The Board of Commissioners shall not have
4. Dewan Komisaris tidak boleh memiliki interest in a company whose products compete
kepentingan pada perusahaan yang produknya with one of the Company’s product lines
bersaing dengan salah satu lini produk Perseroan (which are cement, ready-mix concrete, and
(yaitu semen, beton siap-pakai, dan agregat). aggregate). In addition, members of the Board of
Selain itu anggota Dewan Komisaris tidak boleh Commissioners shall not perform services in any
melakukan jasa dalam bentuk apapun kepada form to the Company’s competitors;
pesaing Perseroan; 5. The Board of Commissioners shall complete a
5. Dewan Komisaris berkewajiban mengisi daftar special register with information on the share
khusus yang berisikan kepemilikan sahamnya ownership and/or the family’s;
dan atau keluarganya; 6. In the event that a conflict of interest occurs, it
6. Apabila terjadi benturan kepentingan, maka shall be disclosed and the relevant member of
harus diungkapkan, dan Dewan Komisaris yang the Board of Commissioners shall not be involved
bersangkutan tidak boleh melibatkan diri dalam in the Company’s decision making process; and
proses pengambilan keputusan Perseroan; dan 7. The Board of Commissioners is obliged to make
7. Dewan Komisaris berkewajiban membuat a statement if there is a conflict of interest on
pernyataan apabila terdapat benturan matters set out in the Company’s Work Plan and/
kepentingan terhadap hal-hal yang termaktub or the Company’s corporate action plan.
dalam Rencana Kerja Perseroan dan/atau rencana
tindakan korporasi Perseroan.
Benturan Kepentingan Direksi Conflict of Interest of the Board of Directors
Benturan kepentingan Direksi adalah suatu kondisi Conflict of interest of the Board of Directors means
tertentu di mana kepentingan pribadi Direksi a certain condition where the Director’s personal
berpotensi bertentangan dengan kepentingan interest has the potential to be against the Company’s
perusahaan untuk meningkatkan nilai perusahaan, interest to increase Company’s value, gain profit,
meraih laba serta pencapaian visi dan misi perusahaan and achieve vision and mission, as mandated by the
sebagaimana diamanatkan oleh pemegang saham. shareholders.
Beberapa prinsip yang dianut Indocement untuk Some of the principles applied by Indocement to
mencegah terjadinya benturan kepentingan dan avoid conflict of interest and its further implication
implikasi lanjutan yang sering ditimbulkannya antara that often occur, among others, are as follows:
lain adalah sebagai berikut: 1. The Board of Directors shall always avoid any
1. Direksi harus menghindari adanya potensi conflict of interest in performing its duties. To
benturan kepentingan di dalam melaksanakan prevent such matter, the Board of Directors shall
tugasnya. Untuk mencegah terjadinya hal tersebut comply with several principles, which are:
Direksi perlu memenuhi beberapa prinsip yaitu: a. The Board of Directors shall organize and
a. Direksi wajib menyelenggarakan dan mengisi complete a special register with true and
daftar khusus yang berisikan kepemilikan accurate information on the share ownership
sahamnya dan/atau keluarganya secara benar and/or the family’s;
dan akurat; b. The Board of Directors shall avoid any
b. Direksi harus menghindari setiap aktivitas activities that can affect its independence in
yang dapat mempengaruhi independensinya decision making;
dalam pengambilan keputusan;
Laporan Tahunan 2025 Annual Report 259
Page 260
c. Direksi tidak boleh berpartisipasi dalam setiap c. The Board of Directors shall not participate
kegiatan pengadaan yang melibatkan suatu in any procurement activities involving a
perusahaan di mana yang bersangkutan atau company in which the related Director or the
keluarganya mempunyai kepemilikan saham family has significant share ownership or has
yang signifikan atau mempunyai kepentingan financial interest of such transaction; and
finansial atas transaksi tersebut; dan d. The Board of Directors is obliged to make a
d. Direksi wajib membuat pernyataan apabila statement if there is a conflict of interest on
terdapat benturan kepentingan terhadap hal- matters set out in the Company’s Work Plan.
hal yang tercatat dalam rencana kerja Perseroan. 2. The Board of Directors must disclose in the event
2. Direksi wajib mengungkapkan jika ada anggota that members of the Board of Directors or their
Direksi atau anggota keluarganya (suami-istri, family members (spouse, children, or other close
anak-anak, atau anggota keluarga dekat lainnya) family members) own or receive gifts, inheritance,
memiliki atau memperoleh, hadiah, warisan atau or in any ways have interest in the Company’s
dengan cara lain memiliki suatu kepentingan business relations;
dalam relasi bisnis Perseroan; 3. The Board of Directors shall not have interest in a
3. Direksi tidak boleh memiliki kepentingan pada company whose products compete with one of the
perusahaan yang produknya bersaing dengan Company’s product lines. In addition, members of
salah satu lini produk Perseroan. Selain itu the Board of Directors shall not perform services in
anggota Direksi tidak boleh melakukan jasa any form to the Company’s competitors;
dalam bentuk apapun kepada pesaing Perseroan; 4. In the event that the conflict of interest is between
4. Apabila terjadi sesuatu hal, dimana kepentingan the Company and one member of the Board of
Perseroan berbenturan dengan kepentingan Directors, then with approval from the Board of
salah seorang anggota Direksi, maka dengan Commissioners, the Company shall be represented
persetujuan Dewan Komisaris, Perseroan akan by another member of Board of Directors. In the
diwakili oleh anggota Direksi lainnya. Apabila event that the conflict of interest involves all
benturan kepentingan tersebut menyangkut members of Board of Directors, the Company shall
semua anggota Direksi, maka Perseroan akan be represented by the Board of Commissioners or a
diwakili oleh Dewan Komisaris atau seorang person appointed by the Board of Commissioners.
yang ditunjuk oleh Dewan Komisaris. Dalam hal In the event that all members of the Board of
seluruh anggota Direksi dan Dewan Komisaris Directors and Board of Commissioners have a
memiliki benturan kepentingan, maka RUPS conflict of interest, the GMS shall appoint other
mengangkat pihak lain untuk mewakili Perseroan party to represent the Company in performing the
dalam menjalankan tugas tersebut di atas. above mentioned duties.
Kepemilikan Saham Dewan Komisaris Share Ownership of Board of
dan Direksi Commissioners and Board of Directors
Indocement menyelenggarakan daftar khusus bagi Indocement has a special register for all members of
seluruh anggota Dewan Komisaris dan Direksi sebagai the Board of Commissioners and Board of Directors as
salah satu bentuk komitmen dalam menghindari a manifestation of commitment to avoiding activities
aktivitas yang berpotensi menimbulkan benturan that may cause conflict of interest. The special
kepentingan. Daftar khusus tersebut berisi informasi register contains share ownership information of
kepemilikan saham anggota Dewan Komisaris dan the members of Board of Commissioners and their
Direksi berserta anggota keluarganya di Perseroan. family in the Company.
Pada 2025, tidak terdapat anggota keluarga anggota In 2025, there were no family members of members
Dewan Komisaris dan Direksi Perseroan yang of the Board of Commissioners and Board of Directors
memiliki saham di Perseroan, sebagaimana dirinci who owned shares in the Company, as detailed in
dalam tabel berikut: the following table:
260 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Kepemilikan Saham di Indocement
Nama Jabatan (Termasuk Anggota Keluarga)
Name Position Share Ownership in Indocement
(Including Family Members)
Dewan Komisaris
Board of Commissioners
Roberto Callieri Komisaris Utama Nihil
President Commissioner None
Tedy Djuhar Wakil Komisaris Utama/Komisaris Independen Nihil
Vice President Commissioner/Independent None
Commissioner
Simon Subrata Wakil Komisaris Utama/Komisaris Independen Nihil
Vice President Commissioner/Independent None
Commissioner
Franciscus Welirang Komisaris Independen Nihil
Independent Commissioner None
Juan Francisco Defalque Komisaris Nihil
Commissioner None
René Samir Aldach Komisaris Nihil
Commissioner None
Suharso Monoarfa Komisaris Nihil
Commissioner None
Direksi
Board of Directors
Christian Kartawijaya Direktur Utama Nihil
President Director None
Benny Setiawan Santoso Wakil Direktur Utama Nihil
Vice President Director None
Hasan Imer Direktur Nihil
Director None
Troy Dartojo Soputro Direktur Nihil
Director None
Oey Marcos Direktur Nihil
Director None
Holger Mørch Direktur Nihil
Director None
Sunnira Ly Direktur Nihil
Director None
Kebijakan Rangkap Jabatan Dewan Concurrent Position Policy of Board of
Komisaris dan Direksi Commissioners and Board of Directors
Anggota Dewan Komisaris dan Direksi Perseroan The members of Board of Commissioners and Board
diperbolehkan merangkap jabatan lain dengan of Directors are allowed to have concurrent positions
ketentuan sebagai berikut: under the following provisions:
Rangkap Jabatan Dewan Komisaris Concurrent Positions of Board of Commissioners
Sesuai POJK 33/2014 dan ketentuan pada Piagam According to POJK 33/2014 and the Board of
Dewan Komisaris Indocement, kebijakan rangkap Commissioners’ Charter provisions, the concurrent
jabatan Dewan Komisaris adalah sebagai berikut: position policy of the Board of Commissioners is as
1. Anggota Dewan Komisaris dapat merangkap follows:
jabatan sebagai: 1. Members of the Board of Commissioners may
a. anggota Direksi paling banyak pada 2 emiten have concurrent positions as:
atau perusahaan publik lain; dan a. member of Board of Directors at no more than
b. anggota Dewan Komisaris paling banyak pada 2 other issuers or public companies; and
2 emiten atau perusahaan publik lain. b. member of Board of Commissioners at no
more than 2 other issuers or public companies.
Laporan Tahunan 2025 Annual Report 261
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2. Dalam hal anggota Dewan Komisaris tidak 2. In the event that a member of Board of
merangkap jabatan sebagai anggota Direksi, Commissioners does not hold a concurrent
anggota Dewan Komisaris yang bersangkutan position as member of Board of Directors, the
dapat merangkap jabatan sebagai anggota Dewan said member of Board of Commissioners may
Komisaris paling banyak pada 4 emiten atau have concurrent position as a member of Board
perusahaan publik lain; dan of Commissioners at no more than 4 other issuers
3. Anggota Dewan Komisaris dapat merangkap or public companies; and
sebagai anggota komite paling banyak pada 5 3. A member of the Board of Commissioners
komite di emiten atau perusahaan publik dimana may also serve as a committee member at no
yang bersangkutan juga menjabat sebagai anggota more than 5 committees at issuers or public
Direksi atau anggota Dewan Komisaris. Rangkap companies, in which the related member also
jabatan sebagai anggota komite tersebut hanya serves as a member of Board of Directors or
dapat dilakukan sepanjang tidak bertentangan a member of Board of Commissioners. The
dengan peraturan perundang-undangan lainnya. concurrent position as committee member may
be held to the extent that it is not in contrary to
other laws and regulations.
Pengungkapan rangkap jabatan anggota Dewan The concurrent position disclosure of the Board
Komisaris Perseroan dapat dilihat pada tabel berikut: of Commissioners’ members can be seen in the
following table:
Rangkap Jabatan Sebagai
Concurrent Positions as
Nama Jabatan
Name Position Dewan Komisaris
Direksi Komite
Board of
Board of Directors Committee
Commissioners
Roberto Komisaris Tidak Ada • CEO dari Heidelberg Materials Asia Pte. Ltd. Komite Nominasi
Callieri Utama None • Chairman dari Heidelberg Materials Bangladesh dan Remunerasi
President Plc., Heidelberg Materials Butra Sdn. Bhd., dan Indocement
Commissioner Zuari Cement Limited Nomination and
• Direktur dari Alliance Construction Materials Remuneration
Limited, HeidelbergCement India Limited, Committee at
Gulbarga Cement Limited, China Century Cement Indocement
Limited, Jidong Heidelberg (Fufeng) Cement
Company Limited, Jidong Heidelberg (Jingyang)
Cement Company Limited, Easy Point Industrial
Limited, HeidelbergCement Holding Hong Kong
Limited, Squareal Cement Limited, Guangzhou
Heidelberg Yuexiu Enterprise Management
Consulting Company Ltd., Asia Cement Public
Company Limited, dan Jalaprathan Cement Public
Company Limited
• Anggota Managing Board Heidelberg Materials AG
untuk Asia
• CEO of Heidelberg Materials Asia Pte. Ltd.
• Chairman of Heidelberg Materials Bangladesh Plc.,
Heidelberg Materials Butra Sdn. Bhd., and Zuari
Cement Limited
• Director of Alliance Construction Materials
Limited, HeidelbergCement India Limited,
Gulbarga Cement Limited, China Century Cement
Limited, Jidong Heidelberg (Fufeng) Cement
Company Limited, Jidong Heidelberg (Jingyang)
Cement Company Limited, Easy Point Industrial
Limited, HeidelbergCement Holding Hong Kong
Limited, Squareal Cement Limited, Guangzhou
Heidelberg Yuexiu Enterprise Management
Consulting Company Ltd., Asia Cement Public
Company Limited, and Jalaprathan Cement Public
Company Limited
• Member of Managing Board of Heidelberg
Materials AG for Asia
262 Laporan Tahunan 2025 Annual Report
Page 263
Tata Kelola Perusahaan
Corporate Governance
Rangkap Jabatan Sebagai
Concurrent Positions as
Nama Jabatan
Name Position Dewan Komisaris
Direksi Komite
Board of
Board of Directors Committee
Commissioners
Tedy Djuhar Wakil Komisaris Komisaris PT Binara Direktur Utama PT Indoaluminium Intikarsa Industri Tidak ada
Utama/ Guna Mediktama President Director of PT Indoaluminium Intikarsa None
Komisaris Commissioner of Industri
Independen PT Binara Guna
Vice President Mediktama
Commissioner/
Independent
Commissioner
Simon Wakil Komisaris Tidak Ada • Senior Partner Gan Kapital Group • Ketua
Subrata Utama/ None • Direktur PT Digital Integrasi Solusindo Komite Audit
Komisaris • Senior Partner of Gan Kapital Group Indocement
Independen • Director of PT Digital Integrasi Solusindo • Ketua Komite
Vice President Nominasi dan
Commissioner/ Remunerasi
Independent Indocement
Commissioner • Chairman
of Audit
Committee at
Indocement
• Chairman of
Nomination and
Remuneration
Committee at
Indocement
Franciscus Komisaris • Komisaris Utama Direktur PT Indofood Sukses Makmur Tbk. Tidak Ada
Welirang Independen PT Indofood CBP Director of PT Indofood Sukses Makmur Tbk. None
Independent Sukses Makmur
Commissioner Tbk.
• Komisaris PT Unggul
Indah Cahaya Tbk.
• President
Commissioner of
PT Indofood CBP
Sukses Makmur
Tbk.
• Commissioner of
PT Unggul Indah
Cahaya Tbk.
Juan Komisaris Tidak Ada • Direktur HeidelbergCement Bangladesh Ltd. Tidak Ada
Francisco Commissioner None • Direktur Zuari Cement Ltd. None
Defalque • Direktur Gulbarga Cement Ltd.
• Direktur Asia Cement Public Company
• Direktur Manufaktur dan Teknik di CCC Asia-
Pacific
• Director of HeidelbergCement Bangladesh Ltd.
• Director of Zuari Cement Ltd.
• Director of Gulbarga Cement Ltd.
• Director of Asia Cement Public Company
• Director of Manufacturing and Engineering of CCC
Asia-Pacific
René Samir Komisaris Tidak Ada Chief Financial Officer dan Anggota Managing Board Tidak Ada
Aldach Commissioner None Heidelberg Materials AG. None
Chief Financial Officer and Member of the Managing
Board of Heidelberg Materials AG.
Suharso Komisaris Tidak Ada Tidak Ada Tidak Ada
Monoarfa Commissioner None None None
Berdasarkan informasi tersebut, dapat disimpulkan Based on that information, the concurrent positions
bahwa rangkap jabatan anggota Dewan Komisaris of the Board of Commissioners’ members are
Perseroan telah memenuhi ketentuan rangkap deemed to have complied with the provisions for
jabatan dalam Pasal 24 POJK 33/2014. concurrent position in Article 24 of POJK 33/2014.
Laporan Tahunan 2025 Annual Report 263
Page 264
Rangkap Jabatan Direksi Concurrent Positions of Board of Directors
Rangkap Jabatan Direksi sebagaimana halnya dengan The concurrent position of the Board of Directors
Dewan Komisaris, Perseroan juga telah mempunyai as similarly applied to the Board of Commissioners
ketentuan mengenai rangkap jabatan anggota refers to the provisions for concurrent positions of
Direksi yang mengacu kepada Pasal 6 POJK 33/2014 the Board of Directors of Article 6 of POJK 33/2014
dan dalam Piagam Direksi. Ketentuan ini mengatur as well as the Board of Directors’ Charter. This
bahwa anggota Direksi Perseroan dapat merangkap regulation stipulates that members of Board of
jabatan dengan ketentuan sebagai berikut: Directors may have concurrent position under the
1. Anggota Direksi paling banyak pada 1 emiten atau following provisions:
perusahaan publik lain; 1. A member of the Board of Directors at no more
2. Anggota Dewan Komisaris paling banyak pada 3 than 1 other issuer or public company;
emiten atau perusahaan publik lain; dan/atau 2. A member of the Board of Commissioners at no
3. Anggota komite paling banyak pada 5 komite more than 3 other issuers or public companies;
di emiten atau perusahaan publik dimana yang and/or
bersangkutan juga menjabat sebagai anggota 3. A member of the committee at no more than
Direksi atau anggota Dewan Komisaris. 5 committees at issuers or public companies,
in which the related Director also serves as a
member of the Board of Directors or a member
of the Board of Commissioners.
Pengungkapan rangkap jabatan anggota Direksi The concurrent position disclosure of the Board of
Perseroan dapat dilihat pada tabel berikut: Directors’ members can be seen in the following
table:
Rangkap Jabatan Sebagai
Concurrent Positions as
Emiten dan Perusahaan Grup Indocement
Nama Jabatan Publik Lain Indocement Group
Name Position Other Issuers and Public
Companies Dewan
Komisaris Direksi Komite
Board of Board of Directors Committee
Commissioners
Christian Direktur Utama Tidak Ada Menjabat sebagai anggota Dewan Komisaris, Direksi, dan Komite
Kartawijaya President None di bawah Direksi yang berada pada Perseroan, Entitas Anak, dan
Director Entitas Asosiasi.
Serving as a member of the Board of Commissioners, Board of
Directors, and Committees under the Board of Directors in the
Company, Subsidiaries, and Associated Entity.
Benny Wakil Direktur • Komisaris Utama Tidak Ada Tidak Ada Tidak Ada
Setiawan Utama PT Nippon Indosari None None None
Santoso Vice President Corporindo Tbk.
Director • Komisaris PT Indofood
Sukses Makmur Tbk.
• Komisaris PT Fast Food
Indonesia Tbk.
• Direktur PT Nusantara
Infrastructure Tbk.
• Direktur Non-Eksekutif
First Pacific Co. Ltd.
• President Commissioner
of PT Nippon Indosari
Corporindo Tbk.
• Commissioner of
PT Indofood Sukses
Makmur Tbk.
• Commissioner of PT Fast
Food Indonesia Tbk.
• Director of PT Nusantara
Infrastructure Tbk.
• Non-Executive Director of
First Pacific Co. Ltd.
264 Laporan Tahunan 2025 Annual Report
Page 265
Tata Kelola Perusahaan
Corporate Governance
Rangkap Jabatan Sebagai
Concurrent Positions as
Emiten dan Perusahaan Grup Indocement
Nama Jabatan Publik Lain Indocement Group
Name Position Other Issuers and Public
Companies Dewan
Komisaris Direksi Komite
Board of Board of Directors Committee
Commissioners
Hasan Imer Direktur Tidak Ada Menjabat sebagai anggota Dewan Komisaris dan Komite di bawah
Director None Direksi yang berada pada Perseroan dan Entitas Anak.
Serving as a member of the Board of Commissioners and
Committees under the Board of Directors in the Company and
Subsidiaries.
Troy Dartojo Direktur Tidak Ada Menjabat sebagai anggota Dewan Komisaris, Direksi, dan Komite
Soputro Director None di bawah Direksi yang berada pada Perseroan dan Entitas Anak.
Serving as a member of the Board of Commissioners, Board of
Directors, and Committees under the Board of Directors in the
Company and Subsidiaries.
Oey Marcos Direktur Tidak Ada Menjabat sebagai anggota Dewan Komisaris, Direksi, dan Komite
Director None di bawah Direksi yang berada pada Perseroan, Entitas Anak, dan
Entitas Asosiasi.
Serving as a member of the Board of Commissioners, Board of
Directors, and Committees under the Board of Directors in the
Company, Subsidiaries, and Associated Entities.
Holger Mørch Direktur Tidak Ada Menjabat sebagai anggota Direksi dan Komite di bawah Direksi
Director None yang berada pada Perseroan dan Entitas Asosiasi.
Serving as a member of the Board of Directors and Committees
under the Board of Directors in the Company and Associated
Entities.
Sunnira Ly Direktur Tidak Ada Menjabat sebagai anggota Komite di bawah Direksi yang berada
Director None pada Perseroan.
Serving as a member of Committees under the Board of Directors
of the Company.
Berdasarkan informasi pada tabel di atas, rangkap Based on the information in the table above, the
jabatan anggota Direksi Perseroan telah memenuhi concurrent positions of the Board of Directors’
ketentuan rangkap jabatan dalam Pasal 24 POJK members have complied with the provisions for
33/2014. concurrent positions in Article 24 of POJK 33/2014.
Hubungan Afiliasi Anggota Dewan Affiliation Relationship of Members
Komisaris, Direksi dan Pemegang of Board of Commissioners, Board of
Saham Pengendali Directors, and Controlling Shareholders
Kriteria hubungan afiliasi Dewan Komisaris dan The criteria of affiliation relationship of Board of
Direksi meliputi: Commissioners and Board of Directors include:
1. Hubungan afiliasi antara anggota Direksi dengan 1. Affiliation relationship between a member of the
anggota Direksi lainnya; Board of Directors and other members of the
2. Hubungan afiliasi antara anggota Direksi dan Board of Directors;
anggota Dewan Komisaris; dan 2. Affiliation relationship between members of the
3. Hubungan afiliasi antara anggota Direksi dengan Board of Directors and members of the Board of
pemegang saham utama dan/atau pengendali. Commissioners; and
3. Affiliation relationship between members of the
Board of Directors and main and/or controlling
shareholders.
Hubungan afiliasi antara anggota Dewan Komisaris The Affiliation relationship between members of the
dan Direksi Perseroan dapat dilihat sebagaimana Board of Commissioners and the Board of Directors
tabel di bawah ini: can be seen in the table below:
Laporan Tahunan 2025 Annual Report 265
Page 266
Hubungan Keuangan dan Hubungan Keluarga Dewan Komisaris dan Direksi
Financial and Family Relationships of the Board of Commissioners and Board of Directors
Hubungan Keuangan Dengan Hubungan Keluarga Dengan
Financial Relationship with Family Relationship with
Pemegang Pemegang
Dewan Dewan
Direksi Saham Utama/ Direksi Saham Utama/
Nama Komisaris Komisaris
Board of Pengendali Board of Pengendali
Name Board of Board of
Directors Main/Controlling Directors Main/Controlling
Commissioners Commissioners
Shareholders Shareholders
Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak Ya Tidak
Yes No Yes No Yes No Yes No Yes No Yes No
Dewan Komisaris
Board of Commissioners
Roberto √ √ √ √ √ √
Callieri
Tedy Djuhar √ √ √ √ √ √
Simon √ √ √ √ √ √
Subrata
Franciscus √ √ √ √ √ √
Welirang
Juan √ √ √ √ √ √
Francisco
Defalque
René Samir √ √ √ √ √ √
Aldach
Suharso √ √ √ √ √ √
Monoarfa
Direksi
Board of Directors
Christian √ √ √ √ √ √
Kartawijaya
Benny √ √ √ √ √ √
Setiawan
Santoso
Hasan Imer √ √ √ √ √ √
Troy Dartojo √ √ √ √ √ √
Soputro
Oey Marcos √ √ √ √ √ √
Holger √ √ √ √ √ √
Mørch
Sunnira Ly √ √ √ √ √ √
Berdasarkan tabel di atas, dapat dijelaskan bahwa Based on the table above, several members of the
beberapa orang anggota Dewan Komisaris dan Board of Commissioners and Board of Directors,
Direksi Perseroan yaitu Roberto Callieri, Juan namely Roberto Callieri, Juan Francisco Defalque,
Francisco Defalque, René Samir Aldach, Christian René Samir Aldach, Christian Kartawijaya, Hasan
Kartawijaya, Hasan Imer, dan Sunnira Ly memiliki Imer, and Sunnira Ly are affiliated with Board of
hubungan afiliasi dengan Dewan Komisaris, Direksi, Commissioners, Board of Directors, and Controlling
dan Pemegang Saham Pengendali Perseroan. Shareholders of the Company.
Keberagaman Komposisi Dewan Diversity of Composition of Board of
Komisaris dan Direksi Commissioners and Board of Directors
Komposisi anggota Dewan Komisaris dan Direksi The composition of Board of Commissioners and
harus memperhatikan keberagaman komposisi Board of Directors shall pay attention to the diversity
anggota Dewan Komisaris sebagaimana tertera dalam in the composition of Board of Commissioners, as
Lampiran Surat Edaran Otoritas Jasa Keuangan outlined in the Attachment to Financial Services
Nomor 32/SEOJK.04/2015 tentang Pedoman Tata Authority Circular No. 32/SEOJK.04/2015 on
Kelola Perusahaan Terbuka. Guidelines of Public Corporate Governance.
266 Laporan Tahunan 2025 Annual Report
Page 267
Tata Kelola Perusahaan
Corporate Governance
Komposisi anggota Dewan Komisaris dan Direksi The current composition of the Company’s Board of
Perseroan saat ini telah mempertimbangkan aspek Commissioners and Board of Directors has included
keberagaman baik dari sisi usia, latar belakang dan the diversity aspect from age, educational background
jenjang pendidikan dan pengalaman serta keahlian and level, experience, as well as expertise of each
masing-masing anggota Dewan Komisaris dan member of the Board of Commissioners and Board
Direksi. of Directors.
Perseroan meyakini bahwa komposisi yang beragam The Company believes that the diverse composition
sangat diperlukan untuk efektivitas tugas dan is absolutely required to ensure the effectiveness
tanggung jawab Dewan Komisaris dan Direksi. of duties and responsibilities of the Board of
Commissioners and Board of Directors.
Nama dan Jabatan Usia Pendidikan Pengalaman Keahlian
Gender
Name and Position Age Education Experience Expertise
Dewan Komisaris
Board of Commissioners
Roberto Callieri Laki- 62 • Teknik Elektro dari • Deputy Plant Manager Samatzai dan Bisnis dan Industri
(Komisaris Utama) laki University of Cagliari, Salerno Plants di Italia (1991–1994) Semen
(President Male Italia, 1990 • Deputy VP Operations, ESSROC di Business and
Commissioner) • Financial Puerto Rico (1994–1995) Cement Industry
Management, Bocconi • Manufacturing Manager, ESSROC di
University, Milan, USA (1996–1997)
Italia, 2000 • Plant Manager, Picton Plant, ESSROC
• Advanced di Kanada (1997–1998)
Management Program, • Technical Director, Set Climento di
Harvard Business Turki (1999–2001)
School, Boston, • Managing Director di Asia dan
Amerika Serikat, 2002 Jalaprathan Cement Companies di
• Electrical Engineering, Thailand (2002–2006)
University of Cagliari, • Managing Director di Suez (SCC),
Italy, 1990 Suez Bags (SBC), Tourah (TPCC) dan
• Financial Helwan Cement (HCC) Companies di
Management, Bocconi Mesir (2006–2011)
University, Milan, Italy, • Zone Director, Asia dan Managing
2000 Director di Asia dan Jalaprathan
• Advanced Cement Companies – Thailand
Management Program, (2011–2016)
Harvard Business • CEO di Italcementi SPA (2016–2023)
School, Boston, USA, • Chairman di AITEC (Italian Cement
2002 Manufacturers Association)
(2018–2024)
• Deputy Plant Manager of Samatzai
and Salerno Plants, Italy (1991–1994)
• Deputy VP Operations, ESSROC,
Puerto Rico (1994–1995)
• Manufacturing Manager, ESSROC, USA
(1996–1997)
• Plant Manager, Picton Plant, ESSROC,
Canada (1997–1998)
• Technical Director, Set Climento,
Turkey (1999–2001)
• Managing Director of Asia and
Jalaprathan Cement Companies,
Thailand (2002–2006)
• Managing Director of Suez (SCC),
Suez Bags (SBC), Tourah (TPCC), and
Helwan Cement (HCC) Companies,
Egypt (2006–2011)
• Zone Director, Asia and Managing
Director of Asia and Jalaprathan
Cement Companies, Thailand
(2011–2016)
• CEO of Italcementi SPA (2016–2023)
• Chairman of AITEC (Italian Cement
Manufacturers Association)
(2018–2024)
Laporan Tahunan 2025 Annual Report 267
Page 268
Nama dan Jabatan Usia Pendidikan Pengalaman Keahlian
Gender
Name and Position Age Education Experience Expertise
Tedy Djuhar Laki- 74 • Sarjana Ekonomi, Direktur Non-Eksekutif di First Pacific Ekonomi
(Wakil Komisaris laki University of New Company Ltd., Hong Kong (1981–2021) Manajemen Bisnis
Utama/Komisaris Male England, Australia, Non-Executive Director of First Pacific Economics
Independen) 1975 Company Ltd., Hong Kong (1981–2021) Business
(Vice President • Magister Eksekutif Management
Commissioner/ Administrasi Bisnis,
Independent Cheung Kong
Commissioner) Graduate School of
Business, Tiongkok,
2014
• Bachelor of
Economics, University
of New England,
Australia, 1975
• Executive Master
of Business
Administration,
Cheung Kong
Graduate School of
Business, China, 2014
Simon Subrata Laki- 61 • Sarjana Ekonomi, • Auditor Kantor Akuntan Publik Hans & Restrukturisasi
(Wakil Komisaris laki Universitas Indonesia, Tuanakotta (1988–1989) Keuangan
Utama/Komisaris Male 1988 • Auditor Ernst & Young (1989–1991) Finance
Independen) • Sarjana Sistem • Corporate Finance PT Indocement Restructuring
(Vice President Manajemen Tunggal Prakarsa Tbk. (1991–2000)
Commissioner/ Informasi Universitas • Direktur Keuangan PT Ariobimo Estate
Independent Gunadarma, 1988 Perkasa (1991–2000)
Commissioner) • Bachelor of • Direktur Keuangan PT Bayu Beringin
Economics, Lestari (1991–2000)
Universitas Indonesia, • Direktur Operasional PT Holdiko
1988 Perkasa (2000–2001)
• Bachelor of • Partner Akuntan Publik Ernst & Young
Information (2001–2005)
Management • Auditor di Keuskupan Agung Jakarta
System, Universitas (2005–2020)
Gunadarma, 1988 • Auditor of Hans & Tuanakotta Public
Accountant Firm (1988–1989)
• Auditor of Ernst and Young (1989–
1991)
• Corporate Finance of PT Indocement
Tunggal Prakarsa Tbk. (1991–2000)
• Finance Director of PT Ariobimo
Estate Perkasa (1991–2000)
• Finance Director of PT Bayu Beringin
Lestari (1991–2000)
• Operational Director of PT Holdiko
Perkasa (2000–2001)
• Partner of Ernst & Young Public
Accounting Firm (2001–2005)
• Auditor at the Archdiocese of Jakarta
(2005–2020)
Franciscus Laki- 74 Diploma bidang Teknik • Komisaris Utama PT Bursa Efek • Teknik Kimia
Welirang (Komisaris laki Kimia dari South Bank Surabaya (2001–2007) • Bisnis Manajemen
Independen) Male Polytechnic, London, • Wakil Ketua Badan Perlindungan • Chemical
(Independent Inggris, 1974 Konsumen Nasional (2009–2012) Engineering
Commissioner) Diploma in Chemical • Ketua Ketahanan Pangan Asosiasi • Business
Engineering, South Bank Pengusaha Indonesia (2013–2017) Management
Polytechnic, London, • Ketua Umum Asosiasi Emiten
England, 1974 Indonesia (AEI) (2014–2020)
• President Commissioner of PT
Surabaya Stock Exchange (2001–2007)
• Deputy Chairman of the National
Consumer Protection Agency
(2009–2012)
• Chairman of Food Security of the
Indonesian Association of Employers
(2013–2017)
• Chairman of the Indonesian Issuers
Association (AEI) (2014–2020)
268 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Nama dan Jabatan Usia Pendidikan Pengalaman Keahlian
Gender
Name and Position Age Education Experience Expertise
Juan Francisco Laki- 62 Master dalam bidang • Head dari Heidelberg Technology • Bisnis dan
Defalque (Komisaris) laki Mining Engineering dari Center Indonesia (2006–2015) Industri Semen
(Commissioner) Male Catholic University of • Direktur Indocement (2018–2021) • Pendukung
Louvain-laNeuve, Belgia, • Direktur HeidelbergCement India Ltd. Operasional
1987 (2017–2021) • Business and
Master of Mining • Head of Heidelberg Technology Center Cement Industry
Engineering, Catholic Indonesia (2006–2015) • Operational
University of Louvain-la- • Director of Indocement (2018–2021) Support
Neuve, Belgium, 1987 • Director of HeidelbergCement India
Ltd. (2017–2021)
René Samir Aldach Laki- 46 Sarjana Administrasi • Finance trainee dan kemudian • Bisnis dan
(Komisaris) laki Bisnis dari Westfälische- berkembang dan menjabat beragam Industri Semen
(Commissioner) Male WilhelmsUniversität posisi pada bagian finansial seperti • Manajemen
Münster, 2004 akuntan, Shared Service Center and Strategis dan
Bachelor of Business Controling (2004) Keuangan
Administration from • Chief Financial Officer di Australian • Perpajakan
Westfälische-Wilhelms joint venture Cement Australia • Business and
University Münster, 2004 (2015–2021) Cement Industry
• Chief Financial Officer Hanson dan • Strategic
Board Director di Hanson & CEM and Financial
Australia (2018) Management
• Director Group RCC di Heidelberg • Taxation
Materials AG (September 2020–
Agustus 2021)
• Finance trainee and subsequently
progressed through numerous roles
in the finance areas of Accounting,
Shared Service Center and Controlling
(2004)
• Chief Financial Officer of the
Australian joint venture Cement
Australia (2015–2021)
• Chief Financial Officer Hanson and
Board Director for Hanson & CEM
Australia (2018)
• Director Group RCC at Heidelberg
Materials AG (September 2020–
August 2021)
Laporan Tahunan 2025 Annual Report 269
Page 270
Nama dan Jabatan Usia Pendidikan Pengalaman Keahlian
Gender
Name and Position Age Education Experience Expertise
Suharso Monoarfa Laki- 71 Doktor Honorary • Sekretaris Perusahaan, Direktur • Perencanaan
(Komisaris) laki dari Central Pengembangan Bisnis, Anggota Dewan Pembangunan
(Commissioner) Male Queensland University, di PT Bukaka Teknik Utama Tbk. dan Ekonomi
Rockhampton, Australia, (1988–1995) Nasional
2019 • Staf Khusus Bidang Ekonomi untuk • Merancang
Honorary Doctorate: Presiden dan Wakil Presiden RI Strategi
Central Queensland (2002–2004) Pembangunan
University, • Anggota Dewan Perwakilan Rakyat dan Kebijakan
Rockhampton-Australia, Indonesia (DPR RI) – Daerah Fiskal
2019 Pemilihan Gorontalo (1 Oktober • Tata Kelola
2004–30 September 2009) Pemerintahan
• Menteri Perumahan Rakyat (22 • Berpengalaman
Oktober 2009–18 Oktober 2011) dalam
• Anggota Dewan Pertimbangan Manajemen
Presiden (Wantimpres) (19 Januari Proyek Bisnis dan
2015–20 Maret 2019) Konstruksi
• Profesor Tamu Universitas Keuangan • National
Guangdong (2016–2018) Development
• Menteri Perencanaan Pembangunan and Economic
Nasional/Kepala Bappenas Planning
(23 Oktober 2019–20 Oktober 2024) • Designing
• Secretary to Company, Business Development
Development Director, Member of Strategies and
Boards in PT Bukaka Teknik Utama Fiscal Policies
Tbk. (1988–1995) • Government
• Special staff for Economic at large Governance
to President and Vice President RI • Experience
(2002–2004) in Business &
• Member of the Indonesian House of Construction
Representatives (DPR RI) – Electoral Project
District Gorontalo (1 October 2004– Management
30 September 2009)
• State Minister of Public Housing
(22 October 2009–18 October 2011)
• Member of the Presidential Advisory
Council (Wantimpres) (19 January
2015–20 March 2019)
• Visiting Professor Guangdong
University of Finance (2016–2018)
• Minister for National Development
Planning/Head of Bappenas
(23 October 2019–20 October 2024)
Direksi
Board of Directors
Christian Kartawijaya Laki- 58 • Sarjana Teknik Sipil, • Deputi Direktur Keuangan Indocement • Teknik Struktural
(Direktur Utama) laki Universitas Trisakti, (2001–2004) (Pekerjaan Sipil)
(President Director) Male 1989 • Direktur Keuangan Indocement • Keuangan
• Master Bisnis (2004–2011) Perusahaan (M&A,
Administrasi di • Deputy Finance Director of Proyek Keuangan,
bidang Keuangan Indocement (2001–2004) dll.)
dari San Diego State • Finance Director of Indocement • Manajemen
Universitas San Diego, (2004–2011) Strategis
California, 1994 • Pengembangan
• M.A.C.E., SWBTS, Fort bisnis
Worth, Texas, Amerika • Structural
Serikat, 2013 Engineering (Civil
• Bachelor of Civil Work)
Engineering, • Corporate
Universitas Trisakti, Finance (M&A,
1989 Project Finance,
• Master of Business etc.)
Administration in • Strategic
Finance from San Management
Diego State University, • Business
San Diego, California, development
1994
• M.A.C.E., SWBTS, Fort
Worth, Texas, United
States, 2013
270 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Nama dan Jabatan Usia Pendidikan Pengalaman Keahlian
Gender
Name and Position Age Education Experience Expertise
Benny Setiawan Laki- 67 Diploma Bisnis dari Ngee • Direktur Indofood Agri Resources Ltd. Manajemen Bisnis
Santoso (Wakil laki Ann College, Singapura, (2007–2009) Business
Direktur Utama) Male 1981 • Komisaris Utama PT Indoritel Makmur Management
(Vice President Business Diploma from Internasional Tbk. (2013–2015)
Director) Ngee Ann College, • Director of Indofood Agri Resources
Singapore, 1981 Ltd. (2007–2009)
• President Commissioner of
PT Indoritel Makmur Internasional
Tbk. (2013–2015)
Hasan Imer (Direktur) Laki- 71 Sarjana Sains, Jurusan • Manajer Proyek dan Investasi Industri Semen
(Director) laki Teknik Mesin dari Yildiz di Akcansa’s Çanakkale Plant Cement Industry
Male Technical University, (HeidelbergCement Group) Turki pada
Istanbul, Turki, 1979 1988, dengan jabatan terakhir sebagai
Bachelor of Science, Manager of Plant and Second Kiln
Majoring in Mechanical Line Project
Engineering, Yildiz • Koordinator Wilayah Asia di
Technical University, HeidelbergCement Technology Center,
Istanbul, Turkey, 1979 Jerman (2001–2004)
• Project and Investment Manager,
Turkey’s Akcansa’s Çanakkale Plant
(HeidelbergCement Group), Turkey,
in 1988, with his last position as
Manager of Plant and Second Kiln
Line Project
• Asia Region Coordinator of
HeidelbergCement Technology Center,
Germany (2001–2004)
Troy Dartojo Soputro Laki- 61 • Sarjana Teknik Sipil • Manajer Divisi Logistik Indocement • Perencanaan
(Direktur) laki Universitas Atmajaya (2010–2013) Strategis
(Director) Male Yogyakarta 1988 • Manajer Divisi Penjualan dan • Manajemen
• Master of Business Pemasaran Indocement (2014–2015) Proyek
Administration • Logistic Division Manager of • Perencanaan
University of Portland, Indocement (2010–2013) Bisnis
Oregon, USA 1991 • Sales and Marketing Division Manager • Strategi
• Bachelor of Civil of Indocement (2014–2015) Marketing
Engineering, • Manajemen
Universitas Atmajaya, Rantai Pemasok
Yogyakarta, 1988 • Keunggulan
• Master of Business Pelanggan
Administration, • Strategic Planning
University of Portland, • Project
Oregon, USA, 1991 Management
• Business Planning
• Marketing
Strategy
• Supply Chain
Management
• Customers
Excellence
Laporan Tahunan 2025 Annual Report 271
Page 272
Nama dan Jabatan Usia Pendidikan Pengalaman Keahlian
Gender
Name and Position Age Education Experience Expertise
Oey Marcos (Direktur) Laki- 53 • Sarjana Ekonomi • Auditor Eksternal di Kantor Akuntan • Keuangan
(Director) laki jurusan Akuntansi, Publik Prasetio, Utomo & Co. (Anggota • Akuntansi
Male Universitas Trisakti, dari Arthur Andersen) (1995–1999) • Pengembangan
1994 • General Manager of Finance & SDM
• Magister Manajemen Accounting Sugar Group Companies • Komunikasi
di Bidang Bisnis di Lampung (1999–2002) Publik
Strategis, Institute • Plant Controller Indocement • Pasar Modal
of Business and (2002–2014) • Tata Kelola
Management Prasetiya • Asisten Direktur Utama dan Corporate Perusahaan
Mulya, Jakarta, 2013 Public & Internal Affairs Division • Finance
• Bachelor of Manager Indocement (2014–2016) • Accounting
Economics majoring • Sekretaris Perusahaan Indocement • Human Resources
in Accounting, (2016–2023) Development
Universitas Trisakti, • External Auditor of Public Accounting • Public
1994 Firm Prasetio, Utomo & Co. (Member Communication
• Master of of Arthur Andersen) (1995–1999) • Capital Market
Management in • General Manager of Finance & • Corporate
Strategic Business, Accounting, Sugar Group Companies, Governance
Institute of Business Lampung (1999–2002)
and Management • Plant Controller of Indocement
Prasetiya Mulya, (2002–2014)
Jakarta, 2013 • Assistant to the President Director
and Corporate Public & Internal
Affairs Division Manager of
Indocement (2014–2016)
• Corporate Secretary of Indocement
(2016–2023)
Holger Mørch Laki- 56 • Sarjana Sains • Commissioning Engineer di FLSmidth Industri Semen
(Direktur) laki Technology (2000–2003) Cement Industry
(Director) Male Management and • Commissioning Manager di FLSmidth
Marine Engineering (2003–2008)
Svendborg Mariene • Project Manager di Heidelberg
Engineer Academy, Technology Center Indonesia
1997 (2008–2015)
• Diploma Ekonomi • Commissioning Engineer of FLSmidth
Bisnis University of (2000–2003)
Southern Denmark, • Commissioning Manager of FLSmidth
2000 (2003–2008)
• Magister Administrasi • Project Manager of Heidelberg
Bisnis University of Technology Center Indonesia
Bradford, 2019 (2008–2015)
• Bachelor of
Science, Technology
Management and
Marine Engineering
Svendborg Mariene
Engineer Academy,
1997
• Diploma in Business
Economics, University
of Southern Denmark,
2000
• Master of Business
Administration,
University of Bradford,
2019
272 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Nama dan Jabatan Usia Pendidikan Pengalaman Keahlian
Gender
Name and Position Age Education Experience Expertise
Sunnira Ly Laki- 51 • Sarjana Bisnis • Pejabat Keuangan, Italcementi Group, • Keuangan
laki Internasional Efficom, Bangkok, Thailand (2000–2001) • Merger & Akuisisi
Male 1996 • Auditor Internal Grup, Italcementi • Uji Tuntas
• Magister Manajemen Group, Paris, Prancis (2001–2004) • Anggaran
Industri dari ESC Lille, • Group Financial Controller, • Akuntansi Biaya
1999 Italcementi Group, Bergamo, Italia • Perencanaan
• Bachelor of (2004–2007) Bisnis
International • Chief Financial Officer (CFO) China, • IFRS
Business, Efficom, Italcementi Group, Xi’an (2007–2010) • Pengendali
1996 • Chief Financial Officer (CFO) Bulgaria, Internal
• Master of Industrial Italcementi Group, Varna (2010–2014) • Strategi Bisnis
Management from • Chief Financial Officer (CFO) India, • Manajemen
ESC Lille, 1999 Italcementi Group, Bangalore • Treasury
(2014–2016) • Proyeksi
• Direktur Audit Internal Wilayah (Forecasting)
Eropa Barat dan Selatan, Heidelberg • Pelaporan
Materials, Heidelberg, Jerman Keuangan
(2016–2018) • Restrukturisasi
• Direktur Keuangan di Benelux, • Analisis Keuangan
Heidelberg Materials Brussels • Keuangan
(2018–2023) Manajerial
• Wakil Presiden Keuangan Heidelberg • Manajemen
Materials Canada (2023–2024) • Negosiasi
• Financial Officer, Italcementi Group, • Strategi
Bangkok, Thailand (2000–2001) • Perencanaan
• Group Internal Auditor, Italcementi Proyek
Group, Paris, France (2001–2004) • Manajemen
• Group Financial Controller, Perubahan
Italcementi Group, Bergamo, Italy • Finance
(2004–2007) • Mergers &
• Chief Financial Officer (CFO) China, Acquisitions
Italcementi Group, Xi’an (2007–2010) • Due Diligence
• Chief Financial Officer (CFO) Bulgaria, • Budgets
Italcementi Group, Varna (2010–2014) • Cost Accounting
• Chief Financial Officer (CFO) India, • Business Planning
Italcementi Group, Bangalore • IFRS
(2014–2016) • Internal Controls
• Internal Audit Director, Western • Business Strategy
and Southern Europe, Heidelberg • Management
Materials, Heidelberg, Germany • Treasury
(2016–2018) • Forecasting
• Finance Director in Benelux, • Financial
Heidelberg Materials Brussels Reporting
(2018–2023) • Restructuring
• Vice President of Finance, Heidelberg • Financial Analysis
Materials Canada (2023–2024) • Managerial
Finance
• Management
• Negotiation
• Strategy
• Project Planning
• Change
Management
Laporan Tahunan 2025 Annual Report 273
Page 274
Penilaian Kinerja Dewan Komisaris
dan Direksi
Performance Assessment of Board of Commissioners and Board of
Directors
Penilaian kinerja Dewan Komisaris dan Direksi Performance assessments of Board of Commissioners
dievaluasi oleh pemegang saham melalui mekanisme and Board of Directors are evaluated by shareholders
RUPS, setelah sebelumnya Dewan Komisaris dan through the GMS mechanism, after the Board of
Direksi melakukan penilaian mandiri atas kinerja Commissioners and Board of Directors conducted the
individual maupun kolektif kolegial. Sesuai dengan independent assessments of individual performance
Peraturan OJK Nomor 21/2015 yang dijabarkan as well as collective collegial performance. Pursuant
dalam Surat Edaran OJK Nomor 31/2015, dalam to OJK Regulation No. 21/2015, as outlined in OJK
rangka meningkatkan kualitas pelaksanaan tugas Circular No. 31/2015, in increasing the quality of
dan tanggung jawab Dewan Komisaris dan Direksi, duties and responsibilities implementation of the
kinerja Dewan Komisaris dan Direksi dievaluasi Board of Commissioners and Board of Directors,
setiap tahun. their performance is evaluated annually.
Hasil evaluasi kinerja Dewan Komisaris dan The performance evaluation result for each
Direksi secara individual merupakan salah satu member of the Board of Commissioners and Board
dasar pertimbangan bagi pemegang saham of Directors becomes one of the basis of the
untuk melakukan penunjukan kembali. Hasil shareholders considerations for re-appointment. The
evaluasi terhadap kinerja Dewan Komisaris secara evaluation results of the Board of Commissioners’
keseluruhan dan kinerja masing-masing anggota overall performance and Board of Directors’
Direksi merupakan bagian yang tidak terpisahkan individual performance will form an integral part
dalam skema remunerasi untuk Dewan Komisaris of the remuneration scheme for the Board of
dan Direksi. Commissioners and Board of Directors.
Penilaian Kinerja Dewan Komisaris Performance Assessment of Board of
Commissioners
Kinerja Dewan Komisaris dievaluasi setiap tahun Performance of the Board of Commissioners is
oleh pemegang saham dalam RUPS. Secara umum, evaluated annually by the shareholders at the GMS.
kinerja Dewan Komisaris ditentukan berdasarkan In general, the Board of Commissioners’ performance
tugas kewajiban yang tercantum dalam peraturan shall be determined based on the duties and obligations
perundang-undangan yang berlaku dan anggaran stated in the applicable laws and regulations, articles
dasar maupun amanat pemegang saham. Kriteria of association, and shareholders’ mandate. Formal
evaluasi formal disampaikan secara terbuka kepada evaluation criteria shall be submitted openly to
Dewan Komisaris sejak pengangkatannya. members of the Board of Commissioners from the
moment they are appointed.
Hasil evaluasi terhadap kinerja Dewan Komisaris The results of performance evaluation of the Board
dilakukan secara kolegial dan merupakan bagian of Commissioners that is conducted collegially are
yang tidak terpisahkan dalam skema kompensasi an integral part of the compensation and incentives
dan pemberian insentif bagi Dewan Komisaris. Hasil scheme for the Board of Commissioners. The
evaluasi kinerja masing-masing anggota Dewan performance evaluation result of each member of
Komisaris merupakan salah satu dasar pertimbangan the Board of Commissioners is one of the basis
bagi pemegang saham untuk pemberhentian dan/ of considerations for the shareholders to dismiss
atau penunjukan kembali anggota Dewan Komisaris and/or re-appoint the relevant member of Board
yang bersangkutan. Hasil evaluasi kinerja Dewan of Commissioners. The results of performance
Komisaris secara kolegial merupakan sarana evaluation of the Board of Commissioners that is
penilaian serta peningkatan efektivitas Dewan conducted collegially will be a means of assessment
Komisaris. and improvement on the effectiveness of the Board
of Commissioners.
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Tata Kelola Perusahaan
Corporate Governance
Prosedur Pelaksanaan Penilaian Kinerja Dewan Procedure for Assessing Board of Commissioners’
Komisaris Performance
Tugas dan kewajiban Dewan Komisaris yang The duties and obligations of the Board of
tercantum dalam peraturan perundang-undangan Commissioners stated in the applicable laws and
yang berlaku dan Anggaran Dasar Perseroan maupun regulations, the Company’s Articles of Association,
amanat pemegang saham wajib dievaluasi secara and shareholders’ mandate must be evaluated
berkala. Dewan Komisaris Perseroan melakukan periodically. The Board of Commissioners conducts
penilaian mandiri (self-assessment) atas kinerjanya, self-assessment for its performance, which will then
yang kemudian akan diserahkan dan dievaluasi oleh be submitted and evaluated by the shareholders in
pemegang saham dalam RUPS. the GMS.
Prosedur pelaksanaan penilaian atas kinerja Dewan The procedure of performance assessment of
Komisaris dapat diilustrasikan dalam bagan sebagai the Board of Commissioners is illustrated in the
berikut: following chart:
Hasil self-assessment Evaluasi oleh pemegang
Dewan Komisaris saham dalam RUPS
The result of self-assessment of Evaluated by the
Board of Commissioners shareholders in the GMS
Kriteria Evaluasi Kinerja Dewan Komisaris Criteria for Performance Evaluation of Board of
Commissioners
Kriteria evaluasi kinerja Dewan Komisaris The criteria for performance evaluation of the Board
berdasarkan rekomendasi Komite Nominasi dan of Commissioners based on the Nomination and
Remunerasi kepada Dewan Komisaris, sekurang- Remuneration Committee’s recommendation to the
kurangnya terdiri atas: Board of Commissioners shall at least consist of:
1. Tingkat kehadiran dalam Rapat Dewan Komisaris, 1. The attendance level of Board of Commissioners’
Rapat Dewan Komisaris dengan Direksi maupun Meetings, Joint Meeting of Board of Commissioners
Rapat Dewan Komisaris dengan Komite; and Board of Directors, and Meetings of the Board
2. Kontribusi dalam melakukan tugas-tugas of Commissioners with the Committees;
pengawasan dan pemberian nasihat kepada 2. Contribution in performing supervisory and
Direksi atas pengelolaan Perseroan, termasuk advisory duties to the management of the
namun tidak terbatas pada: Company performed by the Board of Directors,
a. Audit dan Laporan Keuangan; including but not limited to:
b. Tata Kelola, Nominasi dan Remunerasi; a. Audit and Financial Statements;
c. Manajemen Risiko; b. Corporate Governance, Nomination and
d. Operasional Perseroan; dan Remuneration;
e. Eksekusi Proyeksi. c. Risk Management;
3. Pencapaian program kerja komite-komite di d. Company’s Operations; and
bawah Dewan Komisaris; e. Projection Execution.
4. Pengetahuan bisnis dan identifikasi risiko bisnis; 3. Achievement of work program of committees
5. Komitmen dalam mendukung kepentingan under the Board of Commissioners;
Perseroan; 4. Business knowledge and business risk
6. Penerapan Tata Kelola Perusahaan yang Baik; identification;
7. Kepatuhan terhadap peraturan perundang- 5. Commitment to promoting the Company’s
undangan yang berlaku, Anggaran Dasar interests;
Perseroan, keputusan RUPS, serta kebijakan 6. Good Corporate Governance implementation;
Perseroan. 7. Compliance with the applicable laws and
regulations, the Company’s Articles of Association,
GMS resolutions, and Company’s policies.
Laporan Tahunan 2025 Annual Report 275
Page 276
Penilai Assessor
Penilaian dan evaluasi terhadap kinerja Dewan The assessment and evaluation of the performance
Komisaris dilakukan oleh pemegang saham melalui of the Board of Commissioners is carried out by
mekanisme RUPS, di mana pertimbangan penilaian shareholders through the GMS mechanism, in which
tersebut diambil berdasarkan laporan hasil self- considerations for such assessment are taken from
assessment yang dilakukan Dewan Komisaris. the reports of self-assessment performed by the
Board of Commissioners.
Penilaian Kinerja Direksi Performance Assessment of Board of
Directors
Kinerja Direksi akan dievaluasi setiap tahun oleh Board of Directors’ performance will be evaluated
Dewan Komisaris dan disampaikan kepada pemegang every year by the Board of Commissioners and
saham dalam RUPS. Secara umum, kinerja Direksi submitted to shareholders in the GMS. Generally,
ditentukan berdasarkan target kinerja. Kriteria the Board of Directors’ performance is determined
evaluasi formal disampaikan secara terbuka kepada based on performance targets. Formal evaluation
Direksi sejak pengangkatannya. Hasil evaluasi criteria shall be submitted openly to members of
terhadap kinerja Direksi secara keseluruhan dan the Board of Directors from the moment they are
kinerja masing-masing anggota Direksi merupakan appointed. The overall evaluation results of the Board
bagian yang tidak terpisahkan dalam pemberian of Directors’ performance and the performance of
skema kompensasi bagi Direksi. each member of the Board of Directors form an
integral part of the compensation scheme for the
Board of Directors.
Hasil evaluasi kinerja masing-masing anggota Performance evaluation result of each member
Direksi merupakan salah satu dasar pertimbangan of the Board of Directors is one of the basis of
bagi pemegang saham untuk pemberhentian dan/ considerations for the shareholders to dismiss
atau penunjukan kembali anggota Direksi yang and/or re-appoint the relevant member of Board
bersangkutan. Hasil evaluasi kinerja Direksi baik of Directors. The Board of Directors’ performance
secara kolegial maupun individu juga merupakan evaluation results, as a Board and an individual, are
sarana penilaian serta peningkatan efektivitas also means of assessment and improvement to the
Direksi. Board of Directors’ effectiveness.
Prosedur Pelaksanaan Penilaian Kinerja Direksi Procedure of Assessing Board of Directors’
Performance
Sama halnya dengan Dewan Komisaris, kinerja Direksi Similar to that of Board of Commissioners, the Board
juga dievaluasi secara rutin berdasarkan pemenuhan of Directors’ performance is also routinely evaluated
tugas, tanggung jawab, dan kewajiban Direksi yang based on the fulfillment of the Board of Directors’ pre-
telah ditetapkan. Evaluasi Direksi dilaksanakan oleh determined duties, responsibilities, and obligations.
Dewan Komisaris dalam rapat gabungan Dewan The Board of Directors’ evaluation is performed by the
Komisaris dengan Direksi yang diselenggarakan Board of Commissioners in the joint meeting of the
setiap akhir periode tahun buku. Board of Commissioners and Board of Directors held
at every end of the financial year.
Direksi melakukan penilaian mandiri self- The Board of Directors performs self assessment
assessment atas kinerjanya berdasarkan pencapaian on its performance based on the achievement of
tugas manajemen. Hasil self-assessment Direksi management duties. The Board of Directors’ self-
tersebut dievaluasi dan disetujui Dewan Komisaris, assessment results are evaluated and approved
yang dalam hal ini dibantu oleh Komite Nominasi by the Board of Commissioners, which in this case
dan Remunerasi, untuk kemudian dilaporkan kepada is assisted by the Nomination and Remuneration
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Tata Kelola Perusahaan
Corporate Governance
pemegang saham dalam RUPS Tahunan. Sistem Committee, to subsequently be reported to the
tersebut akan terus disempurnakan sejalan dengan shareholders in the Annual GMS. This system will be
perkembangan organisasi Indocement. continuously refined in line with the Indocement’s
organizational development.
Skema prosedur pelaksanaan penilaian (assessment) The procedure scheme of performance assessment
atas kinerja Direksi dapat diilustrasikan sebagai of the Board of Directors is illustrated in the following
berikut: chart:
Hasil self-assessment Dievaluasi dan Dilaporkan ke
Direksi disetujui oleh Dewan pemegang saham
The result of self- Komisaris dalam RUPS Tahunan
assessment of Directors Evaluated and approved by Reported to the shareholders
the Board of Commissioners in the Annual GMS
Kriteria Evaluasi Kinerja Direksi Criteria for Performance Evaluation of Board of
Directors
Kriteria yang digunakan dalam pelaksanaan penilaian The criteria used in conducting performance
atas kinerja Direksi sekurang-kurangnya: assessment of the Board of Directors shall at least
1. Tingkat kehadiran dalam Rapat Direksi, Rapat include:
gabungan Direksi, dan Dewan Komisaris maupun 1. Attendance level in Board of Directors’ Meetings,
Rapat Direksi dengan Komite; Joint Meeting of Board of Directors and Board of
2. Pencapaian program kerja Direksi; Commissioners, and Board of Directors’ Meetings
3. Pencapaian program kerja Komite di bawah with the Committee;
Direksi; 2. Achievement of Board of Directors’ work program;
4. Pengetahuan bisnis dan identifikasi risiko bisnis; 3. Achievement of work program of Committees
5. Komitmen dalam memajukan kepentingan under the Board of Directors;
Perseroan; 4. Business knowledge and business risk
6. Penerapan Tata Kelola Perusahaan yang Baik; dan identification;
7. Kepatuhan terhadap peraturan perundang- 5. Commitment to promoting the Company’s
undangan yang berlaku, Anggaran Dasar interests;
Perseroan, keputusan RUPS, serta kebijakan 6. Good Corporate Governance implementation; and
Perseroan. 7. Compliance with the applicable laws and
regulations, the Company’s Articles of Association,
GMS resolutions, and Company’s policies.
Penilai Assessor
Penilaian kinerja Direksi dilakukan oleh Dewan The Board of Directors’ performance assessment
Komisaris dan hasilnya dilaporkan kepada pemegang is conducted by the Board of Commissioners and
saham dalam RUPS Tahunan. its results are reported to the shareholders in the
Annual GMS.
Laporan Tahunan 2025 Annual Report 277
Page 278
Penilaian Penerapan GCG Dewan Assessment of GCG Implementation for
Komisaris dan Direksi Board of Commissioners and Board of
Directors
Kinerja Dewan Komisaris dan Direksi juga diukur dari The performance of the Board of Commissioners
efektivitas pelaksanaan GCG sesuai dengan kriteria and Board of Directors is also measured by the
ASEAN Corporate Governance Scorecard. Adapun effectiveness of GCG implementation according to
penilaian mandiri terhadap kriteria tersebut pada the ASEAN Corporate Governance Scorecard criteria.
2025 adalah sebagai berikut: The independent assessment of such criteria in
2025 is as follows:
Kondisi di
Kriteria Indocement
Criteria Condition in
Indocement
Tanggung Jawab Dewan
Responsibilities of the Board
D.1 Tugas dan Tanggung Jawab Dewan
Board Duties and Responsibilities
Tanggung jawab dewan yang jelas dan Kebijakan Tata Kelola Perusahaan
Clearly defined board responsibilities and Corporate Governance Policy
D.1.1 Apakah perusahaan mengungkapkan Kebijakan Tata Kelola/Piagam Direksi/Komisaris? Ya
Does the company disclose its Corporate Governance Policy/Board Charter? Yes
D.1.2 Apakah jenis keputusan yang memerlukan persetujuan direksi/komisaris diungkapkan? Ya
Are the types of decisions requiring board of directors/commissioners’ approval disclosed? Yes
D.1.3 Tugas dan tanggung jawab Direksi/Komisaris didefinisikan dengan jelas Ya
Clearly stated the roles and responsibilities of the Board of Directors/Commissioners Yes
Visi/Misi Perusahaan
Corporate Vision/Mission
D.1.4 Apakah perusahaan memiliki visi yang diperbarui dan pernyataan misi? Ya
Does the company have an updated vision and mission statement? Yes
D.1.5 Apakah direksi memainkan peran utama dalam proses pengembangan dan peninjauan strategi Ya
perusahaan setidaknya setiap tahun? Yes
Does the board of directors play a leading role in the process of developing and reviewing the
company’s strategy at least annually?
D.1.6 Apakah direksi memiliki wewenang untuk meninjau, memantau, dan mengawasi implementasi Ya
strategi perusahaan? Yes
Does the board of directors have a process to review, monitor, and oversee the implementation of
the corporate strategy?
D.2 Struktur Kepengurusan
Board Structure
Kode Etik atau Perilaku
Code of Ethics or Conduct
D.2.1 Apakah rincian dari Kode Etik atau Perilaku diungkapkan? Ya
Are the details of the Code of Ethics or Conduct disclosed? Yes
D.2.2 Apakah semua direktur/komisaris, manajemen senior, dan karyawan diwajibkan untuk patuh Ya
terhadap kode etik tersebut? Yes
Are all directors/commissioners, senior management, and employees required to comply with the
code/s?
D.2.3 Apakah perusahaan memiliki proses untuk melaksanakan dan memantau kepatuhan terhadap kode Ya
etik atau perilaku? Yes
Does the company have a process to implement and monitor compliance with the code/s of ethics
or conduct?
Struktur dan Komposisi Direksi
Structure and Composition of Board of Directors
D.2.4 Apakah direktur/komisaris independen membentuk setidaknya 50% dari jumlah total dewan direksi/ Tidak
komisaris? No
Do independent directors/commissioners make up at least 50% of the board of directors/
commissioners?
D.2.5 Perusahaan memiliki batas waktu paling lama 9 tahun atau 2 periode masing-masing selama lima Tidak
tahun untuk jabatan Komisaris Independen No
The company has a term limit of 9 years or less or 2 terms of five years each for its Independent
Commissioners
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Tata Kelola Perusahaan
Corporate Governance
Kondisi di
Kriteria Indocement
Criteria Condition in
Indocement
D.2.6 Apakah perusahaan telah menetapkan batas lima kursi dewan yang dapat dipegang secara Ya
bersamaan oleh satu individu sebagai direktur/komisaris independen/non-eksekutif? Apakah Yes
perusahaan telah menetapkan batas lima kursi dewan yang dapat dipegang secara bersamaan oleh
satu individu sebagai direktur/komisaris independen/non-eksekutif?
Has the company set a limit of five board seats that an individual independent/non-executive
director/commissioner may hold simultaneously? Has the company set a limit of five board seats
that an individual independent/non-executive director/commissioner may hold simultaneously?
D.2.7 Apakah perusahaan memiliki direktur eksekutif yang menjabat di lebih dari dua dewan perusahaan Ya
yang terdaftar di luar kelompok? Yes
Does the company have any executive directors who serve on more than two boards of listed
companies outside of the group?
Komite Nominasi
Nomination Committee
D.2.8 Apakah perusahaan memiliki Komite Nominasi? Ya
Does the company have a Nominating Committee? Yes
D.2.9 Apakah Komite Nominasi terdiri dari mayoritas independen direksi/komisaris? Tidak
Is the Nominating Committee comprised of a majority of independent directors/commissioners? No
D.2.10 Apakah ketua Komite Nominasi independen direktur/komisaris? Ya
Is the chairman of the Nominating Committee an independent director/commissioner? Yes
D.2.11 Apakah perusahaan mengungkapkan ketentuan acuan/struktur tata kelola/piagam dari Komite Ya
Nominasi? Yes
Does the company disclose the terms of reference/governance structure/charter of the Nominating
Committee?
D.2.12 Apakah kehadiran rapat Komite Nominasi diungkapkan dan jika demikian, apakah Komite Nominasi Ya
bertemu setidaknya dua kali sepanjang tahun? Yes
Is the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating
Committee meet at least twice during the year?
Komite Remunerasi/Komite Kompensasi
Remuneration Committee/Compensation Committee
D.2.13 Apakah perusahaan memiliki Komite Remunerasi? Ya
Does the company have a Remuneration Committee? Yes
D.2.14 Apakah Komite Remunerasi terdiri sepenuhnya dari direktur/komisaris non-eksekutif, dengan Tidak
mayoritas di antaranya adalah direktur/komisaris independen? No
Is the Remuneration Committee comprised entirely of non-executive directors/commissioners with a
majority of independent directors/commissioners?
D.2.15 Apakah ketua Komite Remunerasi adalah seorang direktur/komisaris independen? Ya
Is the chairman of the Remuneration Committee an independent director/commissioner? Yes
D.2.16 Apakah perusahaan mengungkapkan ketentuan acuan/struktur tata kelola/piagam dari Komite Ya
Remunerasi? Yes
Does the company disclose the terms of reference/governance structure/charter of the
Remuneration Committee?
D.2.17 Apakah kehadiran dalam pertemuan Komite Remunerasi diungkapkan, dan jika ya, apakah Komite Ya
Remunerasi bertemu setidaknya dua kali selama tahun tersebut? Yes
Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the
Remuneration Committee meet at least twice during the year?
Komite Audit
Audit Committee
D.2.18 Apakah perusahaan memiliki Komite Audit? Ya
Does the company have an Audit Committee? Yes
D.2.19 Merupakan Komite Audit yang seluruhnya terdiri dari non-eksekutif Direksi/Komisaris dengan Ya
mayoritas independen Direksi/Komisaris? Yes
Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority
of independent directors/commissioners?
D.2.20 Apakah ketua Komite Audit adalah Direktur/Komisaris Independen? Ya
Is the chairman of the Audit Committee an Independent director/commissioner? Yes
D.2.21 Apakah perusahaan mengungkapkan kerangka acuan/struktur tata kelola/piagam Komite Audit? Ya
Does the company disclose the terms of reference/governance structure/charter of the Audit Yes
Committee?
D.2.22 Apakah kehadiran rapat Komite Audit diungkapkan dan, jika demikian, apakah Komite Audit bertemu Ya
setidaknya empat kali sepanjang tahun? Yes
Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee
meet at least four times during the year?
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Indocement
D.2.23 Apakah kehadiran rapat Komite Audit diungkapkan dan, jika demikian, apakah Komite Audit Ya
mengadakan rapat setidaknya empat kali selama setahun? Yes
Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee hold
meeting at least four times during the year?
D.2.24 Apakah Komite Audit memiliki tanggung jawab utama untuk memberikan rekomendasi atas Ya
penunjukan, dan pemberhentian auditor eksternal? Yes
Does the Audit Committee have primary responsibility for recommendation on the appointment, and
removal of the external auditor?
D.3 Proses Dewan
Board Process
Rapat dan Kehadiran Rapat Dewan Komisaris dan Direksi
Meeting and Attendance of Board of Commissioners and Board of Directors
D.3.1 Apakah rapat direksi dijadwalkan sebelum dimulainya diawal tahun? Ya
Are the board of directors meeting scheduled before the start of financial year? Yes
D.3.2 Apakah Direksi/Komisaris mengadakan rapat sekurang-kurangnya enam kali selama setahun? Ya
Does the board of directors/commissioners meet at least six times during the year? Yes
D.3.3 Apakah masing-masing direktur/komisaris menghadiri setidaknya 75% dari semua dewan pertemuan Tidak
diadakan sepanjang tahun? No
Has each of the directors/commissioners attended at least 75% of all the board meetings held
during the year?
D.3.4 Apakah perusahaan mensyaratkan kuorum minimal 2/3 untuk dewan keputusan? Ya
Does the company require a minimum quorum of at least 2/3 for board decisions? Yes
D.3.5 Apakah direktur/komisaris non-eksekutif perusahaan bertemu secara terpisah setidaknya sekali Ya
sepanjang tahun tanpa kehadiran eksekutif? Yes
Do the non-executive directors/commissioners of the company meet separately at least once during
the year without any executives present?
Akses ke Informasi
Access to Information
D.3.6 Apakah bahan rapat direksi/rapat komisaris diberikan kepada dewan setidaknya lima hari kerja Ya
sebelum rapat? Yes
Are board papers for board of directors/commissioners’ meetings provided to the board at least five
business days in advance of the board meeting?
D.3.7 Apakah sekretaris perusahaan memainkan peran penting dalam mendukung direksi/komisaris dalam Ya
melaksanakan tanggung jawabnya? Yes
Does the company secretary play a significant role in supporting the directors/commissioners in
discharging its responsibilities?
D.3.8 Apakah sekretaris perusahaan terlatih dalam bidang hukum, akuntansi atau kesekretariatan Ya
perusahaan praktik dan terus mengikuti perkembangan yang relevan? Yes
Is the company secretary trained in legal, accountancy or company secretarial practices and has
kept abreast on relevant developments?
Pengangkatan Dewan dan Pemilihan Ulang
Board Appointments and Re-Election
D.3.9 Apakah perusahaan mengungkapkan kriteria yang digunakan dalam memilih direksi/komisaris yang Ya
baru? Yes
Does the company disclose the criteria used in selecting new directors/commissioners?
D.3.10 Apakah perusahaan menggambarkan proses yang diikuti dalam menunjuk direksi/komisaris yang Ya
baru? Yes
Does the company describe the process followed in appointing new directors/commissioners?
D.3.11 Apakah semua direktur/komisaris dapat dipilih kembali setiap 3 tahun; atau 5 tahun untuk Ya
perusahaan terbuka di negara-negara yang undang-undangnya menetapkan jangka waktu 5 tahun Yes
setiap periode? 2 masa jabatan lima tahun harus diwajibkan oleh undang-undang yang sudah ada
sebelumnya pengenalan ASEAN Corporate Governance Scorecard pada tahun 2011
Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies
in countries whose legislation prescribes a term of 5 years each period? 2 The five years term must
be required by legislation which pre-existed the introduction of the ASEAN Corporate Governance
Scorecard in 2011
Tentang Remunerasi
Remuneration Matters
D.3.12 Apakah pemegang saham atau direksi menyetujui remunerasi direktur eksekutif dan/atau eksekutif Ya
senior? Yes
Do the shareholders or the Board of Directors approve the remuneration of the executive directors
and/or the senior executives?
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Criteria Condition in
Indocement
D.3.13 Apakah perusahaan memiliki standar yang terukur untuk menyelaraskan kinerja berbasis remunerasi Ya
direktur eksekutif dan eksekutif senior dengan jangka panjang kepentingan perusahaan, seperti Yes
meninjau kembali ketentuan dan bonus yang ditangguhkan?
Does the company have measurable standards to align the performance-based remuneration of the
executive directors and senior executives with long-term interests of the company, such as claw
back provision and deferred bonuses?
Audit Internal
Internal Audit
D.3.14 Apakah perusahaan memiliki fungsi audit internal yang independen? Ya
Does the company have a separate internal audit function? Yes
D.3.15 Apakah perusahaan mengungkapkan profil pimpinan internal audit? Ya
Is the head of internal audit profile disclosed? Yes
D.3.16 Apakah penunjukan dan pemberhentian auditor internal memerlukan persetujuan Komite Audit? Ya
Does the appointment and removal of the internal auditor require the approval of the Audit Yes
Committee?
Pengawasan Risiko
Risk Monitoring
D.3.17 Apakah perusahaan menetapkan prosedur/risiko pengendalian internal yang sehat kerangka kerja Ya
manajemen dan secara berkala meninjau efektivitasnya? Yes
Does the company establish a sound internal control procedures/risk management framework and
periodically review the effectiveness of that framework?
D.3.18 Apakah Laporan Tahunan/Laporan CG Tahunan mengungkapkan bahwa direksi/komisaris telah Ya
melakukan penelaahan terhadap materi Perseroan kontrol (termasuk kontrol operasional, keuangan, Yes
dan kepatuhan) dan risiko sistem manajemen?
Does the Annual Report/Annual CG Report disclose that the board of directors/commissioners
has conducted a review of the company’s material controls (including operational, financial and
compliance controls) and risk management systems?
D.3.19 Apakah perusahaan mengungkapkan risiko utama yang material bagi perusahaan (yaitu keuangan, Ya
operasional termasuk TI, lingkungan, sosial, ekonomi)? Yes
Does the company disclose the key risks to which the company is materially exposed to (i.e.
financial, operational including IT, environmental, social, economic)?
D.3.20 Apakah Laporan Tahunan/Laporan Tahunan CG berisi pernyataan dari direksi/komisaris atau Komite Ya
Audit mengomentari kecukupan kontrol internal perusahaan/sistem manajemen risiko? Yes
Does the Annual Report/Annual CG Report contain a statement from the board of directors/
commissioners or Audit Committee commenting on the adequacy of the company’s internal
controls/risk management systems?
D.4 Anggota Dewan
Members of the Board
Ketua Dewan
Board Chairman
D.4.1 Apakah Komisaris Utama tidak merangkap jabatan sebagai Direktur Utama? Ya
President Commissioner does not hold concurrent positions as President Director? Yes
D.4.2 Apakah ketua merupakan direktur/komisaris Independen? Tidak
Is the chairman an independent director/commissioner? No
D.4.3 Apakah ada direktur mantan CEO perusahaan dalam 2 tahun terakhir? Tidak
Is any of the directors a former CEO of the company in the past 2 years? No
D.4.4 Apakah peran dan tanggung jawab ketua diungkapkan? Ya
Are the roles and responsibilities of the chairman disclosed? Yes
Direktur Independen Utama
Main Independent Director
D.4.5 Jika ketua tidak independen, apakah Dewan menunjuk seorang Lead/Senior Direktur Independen dan Tidak
apakah perannya telah ditetapkan? No
If the Chairman is not independent, has the Board appointed a Lead/Senior Independent Director
and has his/her role been defined?
Keterampilan dan Kompetensi
Skills and Competencies
D.4.6 Apakah setidaknya satu direktur/komisaris non-eksekutif memiliki pengalaman pekerjaan Ya
sebelumnya di sektor utama tempat perusahaan beroperasi? Yes
Does at least one non-executive director/commissioner have prior working experience in the major
sector that the company is operating in?
D.5 Kinerja Dewan
Board Performance
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Pengembangan Direksi
Directors Development
D.5.1 Apakah perusahaan memiliki program orientasi untuk direksi/komisaris yang baru? Ya
Does the company have orientation programmes for new directors/commissioners? Yes
D.5.2 Apakah perusahaan memiliki kebijakan dan praktik serta program aktual yang mendorong direksi/ Ya
komisaris untuk hadir secara berkelanjutan atau berkesinambungan program pendidikan profesional? Yes
Does the company have a policy and actual practice and programs that encourages directors/
commissioners to attend on-going or continuous professional education programmes?
Penunjukan dan Kinerja CEO/Manajemen Eksekutif
CEO/Executive Management Appointments and Performance
D.5.3 Apakah perusahaan mengungkapkan proses bagaimana direksi/komisaris merencanakan suksesi Ya
CEO/Managing Director/President dan manajemen kunci? Yes
Does the company disclose the process on how the board of directors/commissioners plans for the
succession of the CEO/Managing Director/President and key management?
D.5.4 Apakah direksi/komisaris melakukan penilaian kinerja tahunan terhadap CEO/Managing Director/ Ya
President? Yes
Does the board of directors/commissioners conduct an annual performance assessment of the CEO/
Managing Director/President?
Penilaian Dewan
Board Appraisal
D.5.5 Apakah perusahaan melakukan penilaian kinerja tahunan terhadap direksi/komisaris dan Ya
mengungkapkan kriteria serta proses yang diikuti untuk penilaian tersebut? Yes
Did the company conduct an annual performance assessment of the board of directors/
commissioners and disclose the criteria and process followed for the assessment?
D.5.6 Apakah perusahaan melakukan penilaian kinerja tahunan terhadap individu tersebut direksi/ Ya
komisaris dan mengungkapkan kriteria dan proses yang diikuti untuk penilaian? Yes
Did the company conduct an annual performance assessment of the individual directors/
commissioners and disclose the criteria and process followed for the assessment?
Penilaian Komite
Committee Appraisal
D.5.7 Apakah perusahaan melakukan penilaian kinerja tahunan komite dan mengungkapkan kriteria dan Ya
proses yang diikuti untuk penilaian? Yes
Did the company conduct an annual performance assessment of the board committees and disclose
the criteria and process followed for the assessment?
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Tata Kelola Perusahaan
Corporate Governance
Nominasi dan Remunerasi Dewan
Komisaris dan Direksi
Nomination and Remuneration of Board of Commissioners and
Board of Directors
Mekanisme Nominasi Anggota Dewan Nomination Mechanism of Members of
Komisaris dan Direksi Board of Commissioners and Board of
Directors
Dewan Komisaris dan Direksi diangkat dan The Board of Commissioners and Board of Directors
diberhentikan oleh pemegang saham yang are appointed and dismissed by shareholders
dilakukan melalui mekanisme RUPS. Meskipun through the GMS. Nevertheless, the mechanism for
demikian, pelaksanaan mekanisme pengangkatan the appointment and dismissal of members of the
dan pemberhentian anggota Dewan Komisaris dan Board of Commissioners and Board of Directors shall
Direksi wajib mengacu pada ketentuan hukum yang comply with the provisions of applicable laws.
berlaku.
Mekanisme nominasi anggota Dewan Komisaris The nomination mechanism for members of the
dan Direksi dilakukan melalui Komite Nominasi dan Board of Commissioners and Board of Directors
Remunerasi yang berada di bawah Dewan Komisaris is carried out through the Nomination and
sesuai dengan prosedur yang dimiliki oleh Perseroan. Remuneration Committee, which is under the
Rekomendasi yang diberikan Komite Nominasi dan Board of Commissioners, in accordance with the
Remunerasi menjadi pertimbangan bagi pemegang Company’s procedures. Recommendations provided
saham sebelum diputuskan dalam RUPS. Nominasi by the Nomination and Remuneration Committee
calon anggota Dewan Komisaris dan/atau Direksi become considerations to shareholders before
dapat berasal dari pemegang saham pengendali atau they make decisions in the GMS. The controlling
dari sumber-sumber lainnya. Calon anggota Dewan shareholders or other sources may nominate for
Komisaris dan/atau Direksi dapat berasal dari dalam candidates for the Board of Commissioners and/
atau luar Perseroan. or Board of Directors. The candidates for the Board
of Commissioners and/or Board of Directors can be
chosen from within or outside the Company.
Kriteria bagi anggota Dewan Komisaris dan Direksi The criteria for members of the Board of
telah ditetapkan pada Piagam Dewan Komisaris dan Commissioners and Board of Directors are stipulated
Piagam Direksi Perseroan, yaitu: in the Board Charter of the Company’s Board of
Commissioners and Board of Directors, which are as
follows:
Kriteria Dewan Komisaris Criteria of Board of Commissioners
1. Warga negara Indonesia atau warga negara asing 1. Indonesian citizens or foreign citizens who
yang memenuhi persyaratan sesuai peraturan meet the requirements in accordance with the
perundangan yang berlaku; applicable laws and regulations;
2. Mempunyai akhlak, moral, dan integritas yang 2. Having good character, morals, and integrity;
baik; 3. Proficient in performing legal actions;
3. Cakap melakukan perbuatan hukum; 4. Within five years before appointment and during
4. Dalam lima tahun sebelum pengangkatan dan the term of office:
selama menjabat: a. Never been declared bankrupt;
a. Tidak pernah dinyatakan pailit;
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b. Tidak pernah menjadi anggota Direksi dan/atau b. Never become a member of Board of Directors
anggota Dewan Komisaris yang dinyatakan and/or a member of Board of Commissioners
bersalah menyebabkan suatu perusahaan who is found guilty for causing a company to
dinyatakan pailit; be declared bankrupt;
c. Tidak pernah dihukum karena melakukan c. Never been sentenced for committing a
tindak pidana yang merugikan keuangan criminal offense that is detrimental to the
negara dan/atau yang berkaitan dengan sektor state finances and/or related to the financial
keuangan; dan sector; and
d. Tidak pernah menjadi anggota Direksi dan/ d. Never been a member of Board of Directors
atau anggota Dewan Komisaris yang selama and/or a member of Board of Commissioners
menjabat: who during the term of office:
• Pernah tidak menyelenggarakan RUPS • Has ever failed to convene an Annual GMS;
Tahunan; • Has failed to submit its accountability as
• Pertanggungjawabannya sebagai anggota a member of Board of Directors and/or a
Direksi dan/atau anggota Dewan member of Board of Commissioners to
Komisaris pernah tidak memberikan GMS; and
pertanggungjawaban sebagai anggota • Has ever caused a company that obtains
Direksi dan/atau anggota Dewan Komisaris permit, approval, or registration from OJK
kepada RUPS; dan not fulfilling its obligation to submit its
• Pernah menyebabkan perusahaan yang annual report and/or financial statements
memperoleh ijin, persetujuan, atau to OJK.
pendaftaran dari OJK tidak memenuhi 5. Having the commitment to comply with the laws
kewajiban menyampaikan laporan tahunan and regulations;
dan/atau laporan keuangan kepada OJK. 6. Having the knowledge and/or expertise in the
5. Memiliki komitmen untuk mematuhi peraturan field required by the Company;
perundang-undangan; 7. Having concurrent positions only as:
6. Memiliki pengetahuan dan/atau keahlian di a. member of Board of Directors at no more than
bidang yang dibutuhkan Perseroan; two other issuers or public companies;
7. Hanya dapat merangkap jabatan sebagai: b. member of Board of Commissioners at
a. anggota Direksi paling banyak pada dua no more than two other issuers or public
emiten atau perusahaan publik lain; companies;
b. anggota Dewan Komisaris paling banyak pada c. in the event not holding a concurrent position
dua emiten atau perusahaan publik lain; as member of Board of Directors, the said
c. apabila tidak merangkap jabatan sebagai member of Board of Commissioners may have
anggota Direksi, anggota Dewan Komisaris concurrent position as a member of Board of
dapat merangkap jabatan sebagai anggota Commissioners at no more than four other
Dewan Komisaris paling banyak pada empat issuers or public companies;
emiten atau perusahaan publik lain; d. member of committee at no more than five
d. anggota komite pada paling banyak lima committees at issuers or public companies, in
komite di emiten atau perusahaan publik which the related Commissioner also serves as
dimana yang bersangkutan juga menjabat a member of Board of Directors or a member
sebagai anggota Direksi atau anggota Dewan of Board of Commissioners, provided that it
Komisaris, sepanjang tidak bertentangan is not in contrary to the laws and regulations.
dengan peraturan perundang-undangan.
Kriteria Direksi Criteria of Board of Directors
1. Warga negara Indonesia atau warga negara asing 1. Indonesian citizens or foreign citizens who
yang memenuhi persyaratan sesuai peraturan meet the requirements in accordance with the
perundangan yang berlaku; applicable laws and regulations;
2. Mempunyai akhlak, moral, dan integritas yang 2. Having good character, morals, and integrity;
baik; 3. Proficient in performing legal actions;
3. Cakap melakukan perbuatan hukum; 4. Within five years before appointment and during
4. Dalam lima tahun sebelum pengangkatan dan the term of office:
selama menjabat: a. never been declared bankrupt;
a. tidak pernah dinyatakan pailit;
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Corporate Governance
b. tidak pernah menjadi anggota Direksi dan/atau b. never become a member of Board of Directors
anggota Dewan Komisaris yang dinyatakan and/or a member of Board of Commissioners
bersalah menyebabkan suatu perusahaan who is found guilty for causing a company to
dinyatakan pailit; be declared bankrupt;
c. tidak pernah dihukum karena melakukan c. never been sentenced for committing a
tindak pidana yang merugikan keuangan criminal offense that is detrimental to state
negara dan/atau yang berkaitan dengan sektor finances and/or related to the financial
keuangan; dan sector; and
d. tidak pernah menjadi anggota Direksi dan/atau d. never been a member of Board of Directors
anggota Dewan Komisaris selama menjabat: and/or a member of Board of Commissioners
• pernah tidak menyelenggarakan RUPS who during the term of office:
Tahunan; • has ever failed to convene an Annual GMS;
• pertanggungjawabannya sebagai anggota • has failed to submit its accountability as
Direksi dan/atau anggota Dewan a member of Board of Directors and/or
Komisaris pernah tidak memberikan a member of Board of Commissioners to
pertanggungjawaban sebagai anggota GMS; and
Direksi dan/atau anggota Dewan Komisaris • has ever caused a company that obtains
kepada RUPS; dan permit, approval, or registration from OJK
• pernah menyebabkan perusahaan yang not fulfilling its obligation to submit its
memperoleh ijin, persetujuan, atau annual report and/or financial statements
pendaftaran dari OJK tidak memenuhi to OJK.
kewajiban menyampaikan laporan tahunan e. having the commitment to comply with the
dan/atau laporan keuangan kepada OJK. laws and regulations;
e. memiliki komitmen untuk mematuhi peraturan f. having the knowledge and/or expertise in the
perundang-undangan; field required by the Company;
f. memiliki pengetahuan dan/atau keahlian di g. having concurrent positions only as:
bidang yang dibutuhkan Perseroan; • a member of Board of Directors at no more
g. hanya dapat merangkap jabatan sebagai: than one other issuer or public company;
• anggota Direksi paling banyak pada satu • a member of Board of Commissioners at
emiten atau perusahaan publik lain; no more than three other issuers or public
• anggota Dewan Komisaris paling banyak companies; and/or
pada tiga emiten atau perusahaan publik • a member of committee at no more than
lain; dan/atau five committees at issuers or public
• anggota komite paling banyak pada lima companies, in which the related Director
komite di emiten atau perusahaan publik also serves as a member of Board of
dimana yang bersangkutan juga menjabat Directors or a member of Board of
sebagai anggota Direksi atau anggota Commissioners.
Dewan Komisaris.
Kandidat calon anggota Dewan Komisaris dan/atau The nominated candidates for the Board of
Direksi yang dinominasikan harus telah memenuhi Commissioners and/or Board of Directors must meet
kriteria di atas. Komite Nominasi dan Remunerasi the above criteria. The Nomination and Remuneration
akan melakukan tinjauan terhadap calon yang Committee will review the nominated candidates
dinominasikan serta melakukan kesesuaian and assess the suitability of their qualifications with
kualifikasi calon dengan kebutuhan Perseroan. the Company’s needs.
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Usulan Pembahasan Pengajuan Persetujuan
Proposal Discussions Submission Approval
Pemegang Komite Nominasi Dewan RUPS
Saham dan Remunerasi Komisaris GMS
Shareholders Nomination and Board of
Remuneration Committee Commissioners
Setelah dilakukan pembahasan oleh Komite After being discussed by the Nomination and
Nominasi dan Remunerasi, kemudian nama kandidat Remuneration Committee, the names of candidates
calon anggota Dewan Komisaris dan/atau Direksi for the Board of Commissioners and/or Board
diajukan kepada Dewan Komisaris untuk dimintakan of Directors are submitted to the Board of
persetujuan pemegang saham pada saat RUPS. Commissioners for shareholders’ approval during
the GMS.
Prosedur Penetapan Honorarium bagi Procedure for Determining Honorarium
Dewan Komisaris dan Remunerasi bagi of Board of Commissioners and
Direksi Remuneration of Board of Directors
Prosedur penetapan honorarium bagi Dewan Procedure for determining honorarium of Board
Komisaris dan remunerasi bagi Direksi diawali dengan of Commissioners and remuneration of Board
mengajukan usulan untuk besaran honorarium dan of Directors begins with submitting proposal of
remunerasi oleh Dewan Komisaris berdasarkan hasil honorarium and remuneration amount by the Board
kajian dari Komite Nominasi dan Remunerasi yang of Commissioners based on the review results by
salah satunya memperhatikan pencapaian kinerja, the Nomination and Remuneration Committee,
kepada RUPS hingga akhirnya akan ditetapkan dan on of which is by considering the performance
disetujui oleh pemegang saham dalam RUPS. achievement, to the GMS to eventually be determined
and approved by the shareholders at the GMS.
Komite Nominasi Dewan RUPS
dan Remunerasi Komisaris GMS
Nomination and Board of Commissioners
Remuneration Committee
Berdasarkan keputusan RUPS Tahunan yang Based on the Annual GMS held on 21 May 2025, the
diselenggarakan pada 21 Mei 2025, diputuskan untuk: following resolutions were adopted:
1. Melimpahkan wewenang kepada Dewan Komisaris 1. Granted authority to the Board of Commissioners
Perseroan untuk menentukan besarnya remunerasi to determine the remuneration amount including
termasuk gaji dan tunjangan lainnya bagi anggota salary and other allowances for members of the
Direksi Perseroan untuk 2025; dan Board of Directors in 2025; and
2. Menetapkan honorarium tahunan Dewan 2. Determined the annual honorarium of Board
Komisaris Perseroan pada 2025 akan sama of Commissioners in 2025, which would be
dengan honorarium yang dibayarkan pada 2024, the same as the honorarium paid in 2024, and
dan total honorarium tahunan Dewan Komisaris the total annual honorarium of the Board of
tersebut tidak akan melebihi 8% dari total Commissioners would not be more than 8% from
remunerasi Direksi. the total remuneration of the Board of Directors.
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Tata Kelola Perusahaan
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Indikator Penetapan Honorarium Dewan Indicators to Determine Honorarium of Board of
Komisaris Commissioners
Ketentuan persentase besarnya honorarium bagi Provisions on the percentage of honorarium for
anggota Dewan Komisaris ditetapkan oleh RUPS. members of the Board of Commissioners are
Rekomendasi persentase besarnya honorarium determined by the GMS. The recommendation for the
bagi anggota Dewan Komisaris diberikan oleh percentage of honorarium for members of the Board
Komite Nominasi dan Remunerasi dan dengan tetap of Commissioners is provided by the Nomination and
memperhatikan kemampuan Perseroan. Remuneration Committee and with due regard to
the Company’s ability.
Indikator Penetapan Remunerasi Direksi Indicators to Determine Remuneration of Board
of Directors
Indikator yang menjadi pertimbangan dalam Indicators to be considered in determining the
melakukan kajian untuk menetapkan remunerasi remuneration of Board of Directors are as follows:
Direksi adalah sebagai berikut: 1. Business scale;
1. Skala usaha; 2. Business complexity;
2. Kompleksitas usaha; 3. Inflation rate;
3. Tingkat inflasi; 4. Company’s financial condition and capability;
4. Kondisi dan kemampuan keuangan Perseroan; 5. Other relevant factors, including the generally
5. Faktor-faktor lain yang relevan, termasuk tingkat accepted remuneration rate in similar industries;
penghasilan yang berlaku umum dalam industri and
sejenis; dan 6. Not in contrary to the laws and regulations.
6. Tidak boleh bertentangan dengan peraturan
perundang-undangan.
Direksi menerima remunerasi tetap yang terdiri dari: The Board of Directors receives fixed remuneration
1. Gaji; consisting of:
2. Tunjangan; dan 1. Salary;
3. Fasilitas. 2. Allowances; and
3. Facilities.
Jumlah Nominal Honorarium bagi Dewan Total Amount of Honorarium for Board of
Komisaris dan Remunerasi bagi Direksi Commissioners and Remuneration for the Board
of Directors
Pada 2025, jumlah honorarium bagi Dewan Komisaris In 2025, the amount of honorarium for the Board of
dan Remunerasi bagi Direksi adalah sebesar Rp130,8 Commissioners and Remuneration for the Board of
miliar, jumlah tersebut mengalami peningkatan Directors was Rp130.8 billion, an increase of 12.9%
sebesar 12,9% dari 2024 sebesar Rp115,8 miliar. from 2024 of Rp115.8 billion.
Bonus Kinerja Performance Bonus
Perseroan memberikan bonus kinerja kepada The Company provides performance bonus to the
Direksi yang besarannya disesuaikan dengan kinerja Board of Directors, and the amount of which is
masing-masing individu dan kinerja Perseroan tahun adjusted to each individual performance and the
berjalan. Company’s performance in the current year.
Opsi Saham Stock Option
Perseroan tidak menerapkan kebijakan opsi saham The Company does not apply stock option policy for
bagi Dewan Komisaris dan Direksi. the Board of Commissioners and Board of Directors.
Laporan Tahunan 2025 Annual Report 287
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Organ Pendukung Dewan Komisaris
Board of Commissioners’ Supporting Organs
Dewan Komisaris dapat membentuk organ yang The Board of Commissioners may establish organs to
membantu tugas dan tanggung jawab pelaksanaan assist its duties and responsibilities implementation
tugasnya dalam melakukan pengawasan terhadap in supervising the Board of Directors in managing
pengelolaan Perseroan yang dijalankan Direksi, the Company, in line with laws and regulations and
sesuai dengan peraturan perundang-undangan the Board of Commissioners’ Charter. Until the end
dan Piagam Dewan Komisaris Perseroan. Hingga of 2025, Indocement’s Board of Commissioners
akhir 2025, Dewan Komisaris Indocement telah established two committees, namely:
membentuk dua komite, yaitu: 1. Audit Committee; and
1. Komite Audit; dan 2. Nomination and Remuneration Committee;
2. Komite Nominasi dan Remunerasi;
Komite Audit Audit Committee
Komite Audit adalah komite yang berada di bawah Audit Committee is a committee under the Board
Dewan Komisaris yang bertugas membantu of Commissioners that is in charge of assisting
pelaksanaan fungsi pengawasan Dewan Komisaris, the implementation of Board of Commissioners’
khususnya di bidang keuangan, kepatuhan, dan supervisory function, particularly in finance,
pengendalian internal. Komite Audit memiliki peran compliance, and internal control. The Audit
sebagai jembatan antara Dewan Komisaris dengan Committee acts as a bridge between the Board of
auditor internal dan eksternal. Commissioners and internal and external auditors.
Dasar Hukum Legal Basis
1. POJK Nomor 55/POJK.04/2015 tentang 1. POJK No. 55/POJK.04/2015 on Establishment and
Pembentukan dan Pedoman Pelaksanaan Kerja Work Guidelines of the Audit Committee (POJK
Komite Audit (POJK 55/2015); 55/2015);
2. Surat Keputusan Dewan Komisaris Indocement 2. Indocement’s Board of Commissioners’ Decision
Nomor 012/Kpts/Kom/ITP/XII/2001 tanggal 6 Letter No. 012/Kpts/Kom/ITP/XII/2001 dated 6
Desember 2001 perihal Piagam Komite Audit (SK December 2001 on the Audit Committee Charter
Kom 012/2001); (SK Kom 012/2001);
3. Surat Keputusan Dewan Komisaris Indocement 3. Indocement’s Board of Commissioners’ Decision
Nomor 007/Kpts/Kom/ITP/XII/2013 tanggal 6 Letter No. 007/Kpts/Kom/ITP/XII/2013 dated
Desember 2013 perihal Perubahan Piagam Komite 6 December 2013 on Amendment to Audit
Audit (SK Kom 007/2013); dan Committee Charter (SK Kom 007/2013); and
4. Surat Keputusan Dewan Komisaris Indocement 4. Indocement’s Board of Commissioners’ Decision
Nomor 001/Kpts/Kom/ITP/V/2025 tanggal 20 Mei Letter No. 001/Kpts/Kom/ITP/V/2025 dated 20 May
2025 perihal Penunjukan Anggota Komite Audit. 2025 on the Appointment of Audit Committee’s
Members.
Piagam Komite Audit Audit Committee’s Charter
Perseroan memiliki Piagam Komite Audit yang telah The Company has an Audit Committee Charter that
disahkan oleh Dewan Komisaris. Piagam Komite has been validated by the Board of Commissioners.
Audit terakhir kali direvisi pada 6 Desember 2013 dan The Audit Committee Charter was last revised on
telah ditetapkan dalam SK Kom 007/2013. Selain itu, 6 December 2013 and was stipulated in SK Kom
Komite Audit juga mengacu pada POJK Nomor 55/ 007/2013. In addition, the Audit Committee also refers
POJK.04/2015 tentang Pembentukan dan Pedoman to POJK No. 55/POJK.04/2015 on Establishment
Pelaksanaan Kerja Komite Audit. and Guidelines for the Implementation of the Audit
Committee’s Work.
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Tata Kelola Perusahaan
Corporate Governance
Piagam Komite Audit Perseroan berisikan: The Company’s Audit Committee Charter contains
1. Tujuan Pembentukan Komite Audit; the following:
2. Keanggotaan Komite Audit; 1. Objective of the Establishment of Audit
3. Ketua Komite Audit; Committee;
4. Masa Jabatan Komite Audit; 2. Composition of Audit Committee;
5. Tugas dan Tanggung jawab Komite Audit; 3. Chairman of Audit Committee;
6. Wewenang Komite Audit; 4. Term of Office of Audit Committee;
7. Rapat Komite Audit; dan 5. Duties and Responsibilities of Audit Committee;
8. Pelaporan Komite Audit. 6. Authority of Audit Committee;
7. Audit Committee’s Meetings; and
8. Audit Committee’s Reporting.
Masa Jabatan Komite Audit Term of Office of Audit Committee
Masa jabatan Komite Audit Perseroan ditetapkan The term of office of the Company’s Audit Committee
selama tiga tahun dan dapat ditunjuk kembali untuk is determined to be a period of three years, and they
satu periode berikutnya. may be reappointed once for the next period.
Komposisi dan Dasar Pengangkatan Anggota Composition and Basis of Appointment of Audit
Komite Audit Committee
Pada 2025, komposisi anggota Komite Audit In 2025, the composition of the Company’s Audit
Perseroan mengalami perubahan sesuai dengan Committee underwent changes in accordance with
surat No. 063/ITP-CLCC/V/2025, sehingga komposisi letter No. 063/ITP-CLCC/V/2025, therefore, the
Komite Audit menjadi sebagai berikut: composition of the Audit Committee was as follows:
Nama Jabatan Dasar Pengangkatan Keahlian Periode Jabatan
Name Position Basis of Appointment Expertise Term of Office
Simon Ketua Surat Keputusan Dewan Komisaris Nomor • Ahli Korporasi 2025–2028
Subrata Chairman 001/Kpts/Kom/ITP/V/2025 tanggal 20 Mei • Tata Kelola Perusahaan yang Baik
2025 • Keuangan
Board of Commissioners’ Decision Letter • Expert in Corporate
No. 001/Kpts/Kom/ITP/V/2025 dated • Good Corporate Governance
20 May 2025 • Finance
Lindawati Anggota Surat Keputusan Dewan Komisaris Nomor • Tata Kelola Perusahaan yang Baik 2025–2028
Gani Member 001/Kpts/Kom/ITP/V/2025 tanggal 20 Mei • Pengawasan dalam Manajemen
2025 Keuangan
Board of Commissioners’ Decision Letter • Good Corporate Governance
No. 001/Kpts/Kom/ITP/V/2025 dated • Oversight in Financial Management
20 May 2025
David Anggota Surat Keputusan Dewan Komisaris Nomor Layanan penjaminan dan akuntansi, 2025–2028
Sungkoro Member 001/Kpts/Kom/ITP/V/2025 tanggal 20 Mei termasuk layanan uji tuntas dan
2025 bantuan pasar modal.
Board of Commissioners’ Decision Letter Assurance and accounting services
No. 001/Kpts/Kom/ITP/V/2025 dated including due diligence and capital
20 May 2025 market assistance services
Laporan Tahunan 2025 Annual Report 289
Page 290
Profil Komite Audit
Audit Committee Profile
SIMON SUBRATA
Ketua Komite Audit
Chairman of Audit Committee
Dasar Hukum Surat Keputusan Dewan Komisaris Nomor 001/Kpts/Kom/
Pengangkatan ITP/V/2025 tanggal 20 Mei 2025
Legal Basis of Board of Commissioners’ Decision Letter No. 001/Kpts/
Appointment Kom/ITP/V/2025 dated 20 May 2025
Profil beliau dapat dilihat pada bagian Profil Dewan His profile can be seen in the Board of Commissioners’
Komisaris di Bab Profil Perusahaan pada laporan ini. Profile section in the Company Profile Chapter of
this Annual Report.
LINDAWATI GANI 63
tahun
years old
Anggota Komite Audit
Indonesia
Member of Audit Committee Indonesian
Domisili
Jakarta
Domicile
Dasar Hukum Surat Keputusan Dewan Komisaris Nomor 001/Kpts/Kom/
Pengangkatan ITP/V/2025 tanggal 20 Mei 2025
Legal Basis of Board of Commissioners’ Decision Letter No. 001/Kpts/
Appointment Kom/ITP/V/2025 dated 20 May 2025
Riwayat Pendidikan
Educational Background
• Doctor of Philosophy (Ph.D) dari Universitas Indonesia • Doctor of Philosophy (Ph.D.) from Universitas Indonesia (2002)
(2002) • Master’s in management from Faculty of Economics and Business,
• Magister Manajemen dari Fakultas Ekonomi dan Bisnis, Universitas Indonesia (1994)
Universitas Indonesia (1994) • Master of Business Administration majoring in General & Strategic
• Magister Administrasi Bisnis bidang Manajemen Umum Management, Institut Pengembangan Manajemen Indonesia,
dan Strategik, Institut Pengembangan Manajemen affiliated with Harvard Business School (Boston, USA) (1986)
Indonesia berafiliasi dengan Harvard Business School • Bachelor of Economics in Accounting from Universitas Airlangga
(Boston-USA) (1986) (1985)
• Sarjana Ekonomi Akuntansi dari Fakultas Akuntasi
Universitas Airlangga (1985)
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Tata Kelola Perusahaan
Corporate Governance
Riwayat Pekerjaan
Work Experience
• Wakil Direktur Program Magister Akuntansi MAKSI-PPAk, • Vice Director of Master of Accounting Program MAKSI-PPAk, Faculty
FEB Univeritas Indonesia (2003–2008) of Economics and Business, Universitas Indonesia (2003–2008)
• Ketua Program Studi Magister Akuntansi dan Pendidikan • Head of Master of Accounting Study Program and Accounting
Profesi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Professional Education, Faculty of Economics and Business,
Indonesia (2008–2013) Universitas Indonesia (2008–2013)
• Dewan Sertifikasi Akuntan Profesional (DSAP) Ikatan • Professional Accountants Certification Board (DSAP) of Institute of
Akuntansi Indonesia (IAI) (2013–2015) Indonesia Chartered Accountants (IAI) (2013–2015)
• Komisaris Independen PT Toyota Astra Financial Services • Independent Commissioner of PT Toyota Astra Financial Services
(2021–2024) (2021–2024)
• Komisaris Independen PT AXA Financial Indonesia • Independent Commissioner of PT AXA Financial Indonesia (2015–
(2015–2020) 2020)
• Komite Audit PT Astra International Tbk. (2017–2023) • Audit Committee of PT Astra International Tbk. (2017-2023)
• Komite Audit PT Astra Agro Lestari Tbk. (2019–2023) • Audit Committee of PT Astra Agro Lestari Tbk. (2019-2023)
• Komite Audit PT Indocement Tunggal Prakarsa Tbk. • Audit Committee of PT Indocement Tunggal Prakarsa Tbk. (2013-2019)
(2013–2019) • Audit Committee of PT United Tractor Tbk. (2013-2017)
• Komite Audit PT United Tractor Tbk. (2013–2017) • Technical Advisor International Accounting Education Standards
• Technical Advisor International Accounting Education Board (IAESB), International Federation Accountants (IFAC) (2015–
Standard Board (IAESB) International Federation 2019)
Accountants (IFAC) (2015–2019) • Member of the Public Accountant Profession Committee (KPAP)
• Anggota Komite Profesi Akuntan Publik (KPAP) (2016–2022) (2016–2022)
Jabatan Lainnya
Concurrent Positions
• Profesor di Fakultas Ekonomi dan Bisnis, Universitas • Professor at the Faculty of Economics and Business, Universitas
Indonesia (sejak 2011) Indonesia (since 2011)
• Komisaris Independen di PT DFI Retail Nusantara Tbk. • Independent Commissioner at PT DFI Retail Nusantara Tbk.
(sejak 2012) (since 2012)
• Anggota Dewan ASEAN Federation of Accountants (AFA) • Member of the ASEAN Federation of Accountants (AFA) Board
(sejak 2014) (since 2014)
• Anggota Dewan Pengurus Nasional Ikatan Akuntan • Member of the National Executive Board of the Institute of
Indonesia (DPN IAI) (sejak 2014) Indonesia Chartered Accountants (DPN IAI) (since 2014)
• Anggota Dewan Guru Besar Universitas Indonesia (sejak 2015) • Member of the Board of Professors, Universitas Indonesia (since 2015)
• Council Member of Chartered Accountant Worldwide • Council Member of Chartered Accountants Worldwide (CAW)
(CAW) (sejak 2016) (since 2016)
• Anggota Dewan Penasehat Institut Akuntan Manajemen • Member of the Advisory Board of the Indonesian Institute of
Indonesia (IAMI) (sejak 2016) Management Accountants (IAMI) (since 2016)
• Anggota Accountancy Monitoring Committee Indonesia • Member of the Accountancy Monitoring Committee Indonesia
(AMCI) (sejak 2016) (AMCI) (since 2016)
• Komite Audit di PT Alamtri Resources Indonesia Tbk. (sejak • Audit Committee at PT Alamtri Resources Indonesia Tbk. (since 2018)
2018) • Independent Commissioner at PT Adi Sarana Armada Tbk. (since
• Komisaris Independen di PT Adi Sarana Armada Tbk. (sejak 2020)
2020) • Member of the Supervisory Board of the Independent
• Anggota Dewan Pengawas Lembaga Akreditasi Mandiri Accreditation Institute for Economics, Management, Business,
Ekonomi Manajemen Bisnis dan Akuntansi (LAMEMBA) (sejak and Accounting (LAMEMBA) (since 2020)
2020) • Honorary Council of the Code of Ethics of the Supreme Audit
• Majelis Kehormatan Kode Etik Badan Pemeriksa Keuangan Agency of the Republic of Indonesia (since 2021)
Republik Indonesia (sejak 2021) • Independent Commissioner at PT Industri Jamu dan Pharmacy
• Komisaris Independen di PT Industri Jamu dan Pharmacy Sido Muncul Tbk. (since 2021)
Sido Muncul Tbk. (sejak 2021) • Member of the Executive Board of the National Committee for
• Anggota Dewan Eksekutif Komite Nasional Kebijakan Governance Policy (KNKG) (since 2022)
Governansi (KNKG) (sejak 2022) • Member of the Professional Accountants in Business Advisory
• Anggota Professional Accountants in Business Advisory Group Group of the International Federation of Accountants (IFAC)
International Federation of Accountants (IFAC) (sejak 2023) (since 2023)
• Anggota Dewan Chartered Accountants Worldwide (CAW) • Member of the Board of Chartered Accountants Worldwide
(sejak 2023) (CAW) (since 2023)
• Anggota Dewan Pemantau Standar Keberlanjutan IAI • Member of the Sustainability Standards Monitoring Board of IAI
(sejak 2023) (since 2023)
• Anggota Komite Profesi Akuntan Publik (KPAP) (sejak 2025) • Member of the Public Accounting Profession Committee (KPAP)
• Anggota Dewan Pembina Indonesian Institute for (since 2025)
Corporate Directorship (IICD) (sejak 2025) • Member of the Advisory Board of the Indonesian Institute for
Corporate Directorship (IICD) (since 2025)
Dasar Hukum Pengangkatan
Legal Basis of Appointment
Surat Keputusan Dewan Komisaris Nomor 001/Kpts/Kom/ Board of Commissioners’ Decision Letter No. 001/Kpts/Kom/
ITP/V/2025 tanggal 20 Mei 2025 ITP/V/2025 dated 20 May 2025
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DAVID SUNGKORO 66
tahun
years old
Anggota Komite Audit
Indonesia
Member of Audit Committee Indonesian
Domisili
Jakarta
Domicile
Dasar Hukum Surat Keputusan Dewan Komisaris Nomor 001/Kpts/Kom/
Pengangkatan ITP/V/2025 tanggal 20 Mei 2025
Legal Basis of Board of Commissioners’ Decision Letter No. 001/Kpts/
Appointment Kom/ITP/V/2025 dated 20 May 2025
Riwayat Pendidikan
Educational Background
• Mahasiswa doktoral bidang akuntansi dari Universitas • Doctorands in accountancy degree from Universitas Trisakti,
Trisakti, Jakarta Jakarta
• Magister Akuntansi dari Universitas Indonesia, Jakarta • Master of Accounting degree from Universitas Indonesia, Jakarta
Riwayat Pekerjaan
Work Experience
• Assurance Partner di Purwanto, Sungkoro & Surja, firma • Assurance Partner with Purwanto, Sungkoro & Surja, a member
anggota Ernst and Young firm of Ernst and Young
• Assurance Partner di Arthur Andersen • Assurance Partner with Arthur Andersen
Jabatan Lainnya
Concurrent Positions
• Direktur Independen Indofood Agri Resources Ltd., Singapura. • Independent Director of Indofood Agri Resources Ltd.,
Dalam kedudukannya tersebut, beliau juga menjabat sebagai Singapore. In that capacity, he also serves as the Chairman
Ketua Komite Audit dan Manajemen Risiko serta anggota of the Audit and Risk Management Committee as well as a
Komite Nominasi. member of the Nomination Committee.
Hubungan Afiliasi
Affiliation Relationship
Tidak ada None
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Tata Kelola Perusahaan
Corporate Governance
Independensi Komite Audit Independence of Audit Committee
Seluruh anggota Komite Audit tidak memiliki All members of the Audit Committee shall have no
hubungan keuangan dengan Dewan Komisaris dan financial relationship with the Board of Commissioners
Direksi, tidak memiliki hubungan kepengurusan di and Board of Directors, no management relationship in
Perseroan baik entitas anak maupun perusahaan the Company both subsidiary and affiliated company,
afiliasi, tidak memiliki saham, tidak memiliki no share ownership, no family relationships with the
hubungan keluarga dengan Direksi dan Dewan Board of Directors, Board of Commissioners, and/or
Komisaris maupun dengan sesama anggota Komite among members of Audit Committee, as well as no
Audit, serta bukan pengurus partai politik maupun position held as administrator of political party or
pejabat pemerintah. government official.
Pernyataan Independensi
Simon Subrata Lindawati Gani David Sungkoro
Statement of Independence
Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi √ √ √
Does not have financial relationship with the Board of Commissioners
and Board of Directors
Tidak memiliki hubungan kepengurusan di perusahaan, anak perusahaan, √ √ √
maupun perusahaan afiliasi
Does not have management relationship in the company, subsidiary, and
affiliated company
Tidak memiliki hubungan kepemilikan saham di Perseroan √ √ √
Does not have share ownership relationship in the Company
Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/ √ √ √
atau sesama anggota Komite Audit
Does not have family relationship with the Board of Commissioners,
Board of Directors, and/or among members of Audit Committee
Tidak menjabat sebagai pengurus partai politik, pejabat, dan pemerintah √ √ √
Does not hold position as administrator of political party, officer, or
government official
Tugas dan Tanggung Jawab Duties and Responsibilities
Komite Audit memberikan pendapat yang profesional The Audit Committee provides professional and
dan independen kepada Dewan Komisaris terkait independent opinions to the Board of Commissioners
dengan laporan dan hal-hal lain yang disampaikan on matters related to report and other matters
oleh Direksi. Berdasarkan Piagam Komite Audit, submitted by the Board of Directors. Based on Audit
tugas dan tanggung jawab Komite Audit adalah Committee Charter, duties and responsibilities of
sebagai berikut: the Audit Committee are as follows:
1. Mengkaji dan mendiskusikan dengan manajemen 1. Reviewing and discussing with the management
dan auditor independen tentang draf laporan and independent auditors on the draft of audited
keuangan tahunan yang telah diaudit dan laporan annual financial statements and quarterly
keuangan triwulanan dan informasi keuangan financial statements as well as other financial
lainnya yang akan diterbitkan; information to be published;
2. Memberikan rekomendasi kepada Dewan 2. Providing recommendations to the Board
Komisaris mengenai penunjukan auditor of Commissioners on the appointment of
independen untuk memeriksa dan mengawasi independent auditor to examine and supervise the
rekening serta laporan keuangan Perseroan Company’s accounts and financial statements by
dengan mempertimbangkan lingkup independensi considering the audit’s independence scope and
audit dan biaya. Ketua Komite Audit terlebih fee. The Audit Committee Chairman shall prior
dahulu harus menyetujui jasa non-audit tertentu approve the certain non-audit services provided
yang diberikan oleh auditor independen kepada by the independent auditors to the Company as
Perseroan sesuai dengan peraturan OJK; per OJK regulations;
3. Mendiskusikan dengan manajemen dan auditor 3. Discussing with management and independent
independen setiap masalah audit dan tanggapan auditors any audit issues and management
manajemen, termasuk memberikan pendapat responses, including providing independent
yang independen dalam hal terjadi perbedaan opinions in the event of dissenting opinion
pendapat antara manajemen dan auditor between the management and independent
independen; auditors;
Laporan Tahunan 2025 Annual Report 293
Page 294
4. Mendiskusikan dengan manajemen dan auditor 4. Discussing with management and independent
independen praktik-praktik penilaian dan auditors on risk assessment and management
manajemen risiko serta hasil penilaian auditor practices as well the independent auditor’s
independen atas transaksi yang mengandung assessment results of transactions containing
benturan kepentingan dan transaksi dengan conflicts of interest and transactions with related
pihak terkait, serta memberikan rekomendasi parties, as well as providing recommendations
kepada Dewan Komisaris mengenai potensi to the Board of Commissioners on potential
terjadinya transaksi benturan kepentingan conflicts of interest based on the information
berdasarkan informasi yang disampaikan oleh submitted by the Director of Finance, Internal
Direktur Keuangan, Internal Audit, atau auditor Audit, or independent auditor;
independen; 5. Overseeing the Company’s internal control
5. Mengawasi sistem pengendalian internal system by reviewing the scope of internal audit
Perseroan dengan meninjau ruang lingkup internal and results of independent auditor’s review
audit dan hasil kajian auditor independen atas of internal control, significant findings, and
pengendalian internal, temuan dan rekomendasi recommendations along with the management
yang signifikan bersama dengan tanggapan responses;
manajemen; 6. Overseeing the Company’s financial reporting
6. Mengawasi kegiatan pelaporan keuangan activities, including annual reports, accounting
Perseroan, termasuk laporan tahunan, prinsip- principles and significant accounting
prinsip akuntansi serta perubahan akuntansi yang amendments, and major accounting decisions
signifikan dan keputusan akuntansi utama yang that affect the Company’s financial statements;
mempengaruhi laporan keuangan Perseroan; 7. Reviewing Internal Audit functions, which include:
7. Menelaah fungsi Internal Audit, yang meliputi: a. The purpose, authority, and flow of reporting
a. Tujuan, kewenangan, dan alur pelaporan di in the organization;
dalam organisasi; b. Annual audit plan, and staffing; and
b. Rencana audit tahunan dan susunan c. Audit findings, responses, and management
kepegawaian; dan follow-ups.
c. Temuan audit, tanggapan, dan tindak lanjut 8. Obtaining information and reviewing the
manajemen. independence of the audit company and material
8. Memperoleh informasi dan mengkaji independensi issues raised by the independent auditor, at least
perusahaan audit dan masalah material yang once a year;
diangkat oleh auditor independen, sedikitnya 9. Reviewing matters relating to the compliance
setahun sekali; process and program and in general with the
9. Meninjau hal-hal yang berkaitan dengan proses general counsel and the Company’s compliance
dan program kepatuhan dan secara umum with the applicable laws and regulations;
bersama penasihat umum dan kepatuhan 10. Cooperating with the Corporate Secretary to
Perseroan terhadap hukum dan peraturan yang oversee complaints handling over the accounting
berlaku; and financial reporting process, as stated below:
10. Bekerja sama dengan Sekretaris Perusahaan a. Complaints relating to the Company’s
untuk mengawasi penanganan keluhan atas accounting and matters relating to accounting
proses pelaporan akuntansi dan keuangan, or bookkeeping in question shall be reported
seperti di bawah ini: to the committee; and
a. Keluhan yang berkaitan dengan akuntansi b. The Audit Committee will oversee the
Perseroan dan hal-hal berkenaan akuntansi procedures for receiving, retaining, and
atau pembukuan yang dipertanyakan harus handling complaints about matters relating to
dilaporkan kepada komite; dan accounting, internal accounting systems, or
b. Komite Audit akan mengawasi prosedur untuk audit matters.
penerimaan, penyimpanan dan penanganan 11. Maintaining the confidentiality of document,
pengaduan tentang hal-hal yang berkenaan data, and information of the Company.
dengan akuntansi, sistem akuntansi internal,
atau masalah audit.
11. Menjaga kerahasiaan dokumen, data, dan
informasi Perseroan.
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Tata Kelola Perusahaan
Corporate Governance
Wewenang Komite Audit Authority of Audit Committee
Komite Audit mempunyai wewenang untuk meninjau The Audit Committee is authorized to review
atau mengawasi hal-hal dalam ruang lingkup or supervise matters within the scope of its
tanggung jawabnya, mengakses dokumen, data responsibilities, access documents, data, and
dan informasi Perseroan, berkomunikasi langsung information of the Company, communicate directly
dengan setiap karyawan, termasuk Direksi, auditor with each employee, including Board of Directors,
internal, auditor independen, dan pihak terkait dan internal auditors, independent auditors, and related
mendapatkan nasihat dari auditor eksternal atau parties, and obtain advice from external auditors or
ahli lainnya apabila diperlukan. other experts if necessary.
Rapat Komite Audit Audit Committee’s Meetings
Dalam menjalankan tugas dan tanggung jawabnya, In performing its duties and responsibilities, the
Komite Audit mengadakan rapat setiap saat Audit Committee holds meetings at any time as
diperlukan atau paling sedikit satu kali dalam tiga necessary or at least once in three months. The
bulan. Rapat harus dihadiri setidaknya setengah meeting shall be attended by at least half of the
dari jumlah anggota dan keputusan diambil secara total members and decisions are made based on
musyawarah dan mufakat. deliberation for consensus.
Risalah rapat disiapkan oleh Sekretaris Perusahaan, The minutes of the meeting are prepared by
yang didalamnya berisikan tentang jalannya rapat, Corporate Secretary, which contains the proceedings
perbedaan pendapat, dan risalah rapat akan and dissenting opinions. The minutes of the meeting
ditandatangani oleh anggota yang hadir untuk shall be signed by the attending members and then
kemudian diserahkan kepada Dewan Komisaris. submitted to the Board of Commissioners.
Sepanjang 2025, Komite Audit Perseroan telah Throughout 2025, the Audit Committee held six
menyelenggarakan rapat internal sebanyak enam internal meetings with agenda and recapitulation of
kali dengan agenda dan rekapitulasi kehadiran attendance as follows:
sebagai berikut:
Tanggal Peserta
No. Agenda
Date Participants
1. 13 Maret Rapat untuk Penutupan Audit 2024 bersama PwC • Simon Subrata
13 March Meeting for Closing Audit 2024 with PwC • Ludovicus Sensi
2. 23 April • Update Ekonomi Wondabio
• Hasil Q1-2025 • Ancella Anitawati
• Kinerja Audit Internal Q1 2025 Hermawan
• Analisis Kompetitor Q4 2024
• Economic Update
• Q1-2025 Results
• Internal Audit Q1 2025 Performance
• Competitor Analysis Q4 2024
3. 29 Juli • Update Ekonomi • Simon Subrata
29 July • Analisis Kompetitor Q2 2025 • David Sungkoro
• Hasil Q2 2025 • Lindawati Gani
• Kinerja Audit Internal Q3 2025
• Economic Update
• Competitor Analysis Q2 2025
• Q2 2025 Results
• Internal Audit Q3 2025 Performance
4. 7 Oktober Rapat bersama PwC – Perencanaan Strategis Audit 2025 dengan Komite Audit dan
7 October Manajemen
Meeting with PwC – Audit Strategic Planning 2025 with Audit Committee and
Management
5. 29 Oktober • Update Ekonomi
29 October • Analisis Kompetitor Q3 2025
• Hasil Q3 2025
• Kinerja Audit Internal Q3 2025
• Economic Update
• Competitor Analysis Q3 2025
• Q3 2025 Results
• Internal Audit Q3 2025 Performance
6. 28 November Update PwC mengenai audit interim untuk tahun 2025
PwC Update on interim audit for the year 2025
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Pelaksanaan Kegiatan Komite Audit Implementation of Audit Committee’s Activities
Sepanjang 2025, Komite Audit telah melaksanakan Throughout 2025, the Audit Committee carried out
program kerja dan kegiatan sebagai berikut: the following work programs and activities:
Rencana Kerja Realisasi
No.
Work Plan Realization
1. Melakukan rapat dengan Kantor Akuntan Publik “Rintis, Jumadi, Rianto dan Rapat dilaksanakan pada 13 Maret,
Rekan” (firma anggota jaringan global PwC) 7 Oktober, dan 28 November 2025
Holding meeting with Public Accounting Firm “Rintis, Jumadi, Rianto dan Meetings were held on 13 March, 7 October,
Rekan” (member firm of PwC global network) and 28 November 2025
2. Melakukan rapat dengan Divisi Internal Audit Rapat dilaksanakan pada 23 April, 29 Juli,
Holding meeting with Internal Audit Division dan 29 Oktober 2025
Meetings were held on 23 April, 29 July, and
29 October 2025
3. Melakukan evaluasi atas kinerja Kantor Akuntan Publik “Rintis, Jumadi, Hasil evaluasi Komite Audit telah diserahkan
Rianto dan Rekan” (firma anggota jaringan global PwC) yang telah mengaudit kepada Dewan Komisaris pada 23 April 2025
laporan keuangan konsolidasian Perseroan pada tahun buku 2024 dan dilaporkan kepada OJK pada 22 Mei 2025
Evaluating the performance of Public Accounting Firm “Rintis, Jumadi, The evaluation result of the Audit
Rianto dan Rekan” (member firm of PwC global network) that audited the Committee was submitted to the Board of
Company’s consolidated financial statements for the 2024 financial year Commissioners on 23 April 2025 and was
reported to OJK on 22 May 2025
4. Penunjukan Kantor Akuntan Publik “Rintis, Jumadi, Rianto dan Rekan” (firma Rekomendasi Komite Audit telah diserahkan
anggota jaringan global PwC) dan Lukmanul Arsyad sebagai Akuntan Publik kepada Dewan Komisaris pada 5 Mei 2025
atau partner lainnya yang ditunjuk Kantor Akuntan Publik “Rintis, Jumadi, dan telah dilaporkan kepada OJK pada
Rianto dan Rekan” untuk mengaudit buku Perseroan tahun buku 2025. 24 Juli 2025.
Appointment of Public Accounting Firm “Rintis, Jumadi, Rianto dan The recommendation of Audit Committee
Rekan” (member firm of PwC global network) and Lukmanul Arsyad as was submitted to the Board of
Public Accountant or other partner appointed by the Public Accounting Commissioners on 5 May 2025, and it was
Firm “Rintis, Jumadi, Rianto dan Rekan” to audit the Company’s financial also reported to OJK on 24 July 2025.
statements for the 2025 financial year.
Pelatihan dan Peningkatan Kompetensi Komite Audit Committee’s Training and Competence
Audit Development
Untuk menunjang Komite Audit dalam In order to support the Audit Committee in performing
melaksanakan tugas dan tanggung jawabnya, its duties and responsibilities, Indocement provides
Indocement memberikan kesempatan kepada opportunities for Audit Committee members to
anggota Komite Audit untuk mengikuti program attend training and competence development
pelatihan dan pengembangan kompetensi, baik programs, organized either by internal or external
yang diselenggarakan oleh internal maupun pihak parties.
eksternal.
Nama dan Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name and Position Programs Attended Organizer Time and Place
Simon Subrata, Data Simon Subrata dapat dilihat pada bagian Pelatihan dan Pengembangan Kompetensi Dewan Komisaris
Ketua Komite Audit di Bab Tata Kelola Perusahaan pada laporan ini.
Chairman of Audit Data of Simon Subrata can be seen in Training and Competence Development of the Board of
Committee Commissioners in Good Corporate Governance Chapter of this report.
Lindawati Gani, Roundtable Discussion “IAS 38: Ikatan Akuntan Indonesia (IAI), Jakarta, 5 Februari
Anggota Komite Intangible Assets” Association of Chartered Certified Jakarta, 5 February
Audit Accountants (ACCA) dan International
Member of Audit Accounting Standards Board (IASB)
Committee Institute of Indonesia Chartered
Accountants (IAI), Association of
Chartered Certified Accountants
(ACCA), and International Accounting
Standards Board (IASB)
International Seminar “IASB Update” IAI, ACCA, IASB, Fakultas Ekonomi dan Jakarta, 5 Februari
Bisnis Universitas Indonesia (FEB UI) Jakarta, 5 February
IAI, ACCA, IASB, Faculty of Economics
and Business of Universitas Indonesia
(FEB UI)
KAPd IAI Seminar ”International Ikatan Akuntan Indonesia (IAI) Jakarta, 7 Februari
Education Standards (IES) and Institute of Indonesia Chartered Jakarta, 7 February
Sustainability” Accountants (IAI)
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Tata Kelola Perusahaan
Corporate Governance
Nama dan Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name and Position Programs Attended Organizer Time and Place
Forum Penguatan Fungsi GRC dengan Ikatan Akuntan Indonesia (IAI), Jakarta, 3 Maret
Tema "Penerapan Internal Control Over Otoritas Jasa Keuangan (OJK) Jakarta, 3 March
Financial Reporting (ICOFR) dalam Rangka Institute of Indonesia Chartered
Penguatan Sektor Jasa Keuangan Accountants (IAI), Financial Services
Forum of GRC Function Strengthening with Authority (OJK)
the Theme “Implementation of Internal
Control Over Financial Reporting (ICOFR) in
Strengthening Financial Services Sector”
Sharing Session IFRS S1 & S2 IAI dan PT Astra International Jakarta, 7 Maret
IAI and PT Astra International Jakarta, 7 March
Future Leader Chartered Accountant Ikatan Akuntan Indonesia (IAI) Jakarta, 10 Maret
Progran “Sistem Informasi dan Institute of Indonesia Chartered Jakarta, 10 March
Pengendalian Internal” Accountants (IAI)
Future Leader Chartered Accountant
Program “Information Systems and
Internal Control”
Sharing Session “IES Updates: Integrating Ikatan Akuntan Indonesia (IAI) Jakarta, 14 Maret
Sustainability into the Curriculum” Institute of Indonesia Chartered Jakarta, 14 March
Accountants (IAI)
Sosialisasi Penyetaraan Chartered Ikatan Akuntan Indonesia (IAI) Jakarta, 14 Mei
Accountant Institute of Indonesia Chartered Jakarta, 14 May
Dissemination of Chartered Accountant Accountants (IAI)
Equivalency
International Seminar: Future – Proofing Ikatan Akuntan Indonesia (IAI), Jakarta, 23 Mei
Economies: The Strategic Role of International Federation of Accountants Jakarta, 23 May
Accountants in Turbulent Times (IFAC), Indonesia Stock Exchange (IDX)
Institute of Indonesia Chartered
Accountants (IAI), International
Federation of Accountants (IFAC),
Indonesia Stock Exchange (IDX)
APA FEST 2025 “Future – Ready Ikatan Akuntan Indonesia (IAI), FEB Jakarta, 24 Mei
Accountant: Navigating Global Challenges Universitas Gadjah Mada Jakarta, 24 May
with IFAC President” Institute of Indonesia Chartered
Accountants (IAI), Faculty of
Economics and Business of
Universitas Gadjah Mada
Lokakarya Penyempurnaan Misi/Visi Universitas President Cikarang, 28 Mei
dan Kurikulum Program Studi Akuntansi Cikarang, 28 May
Fakultas Bisnis Universitas President
Workshop on Improving Mission/
Vision and Curriculum of Accounting
Study Program, Faculty of Business of
Universitas President
Accounting Festival 2025 “Digital Fakutas Ekonomi dan Bisnis Jakarta, 4 Juni
Transformation in Accounting: Enhancing Universitas Tarumanegara Jakarta, 4 June
Efficiency and Transparency through Faculty of Economics and Business of
Smart Accounting Information Systems” Universitas Tarumanegara
Focus Group Discussion IAI Affiliated Ikatan Akuntan Indonesia (IAI) Jakarta, 24 Juni
Campus & Mitra Strategis IAI “Future Institute of Indonesia Chartered Jakarta, 24 June
Ready Accountants: Empowering Accountants (IAI)
Accounting Education for Golden Future”
Seminar “Preparing Sustainability Ikatan Akuntan Indonesia (IAI), Jakarta, 1 Agustus
Reporting: Creating and Using Decision – Association of Chartered Certified Jakarta, 1 August
Useful Information” Accountants (ACCA)
Institute of Indonesia Chartered
Accountants (IAI), Association of
Chartered Certified Accountants (ACCA)
Seminar ”Standar Pengungkapan Ikatan Akuntan Indonesia (IAI) Jakarta, 11 Agustus
Keberlanjutan (SPK) dan Tantangan Institute of Indonesia Chartered Jakarta, 11 August
Penerapan dalam Transformasi Keuangan Accountants (IAI)
Berkelanjuran“
Seminar “Sustainability Disclosure Standards
(SPK) and Challenges of Implementation in
Sustainable Financial Transformation”
The 9th Aspiring Professional Accountants Ikatan Akuntan Indonesia (IAI), Depok, 20 Agustus
Festival (APAFest) 2025 “Future dan Fakultas Ekonomi dan Bisnis Depok, 20 August
Ready Accountants: Navigating Global Universitas Indonesia (FEB UI)
Challenges with IFAC President” Institute of Indonesia Chartered
Accountants (IAI), and Faculty
of Economics and Business of
Universitas Indonesia (FEB UI)
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Page 298
Nama dan Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name and Position Programs Attended Organizer Time and Place
International Tax Conference IAI Tax Accountant Compartment and Surabaya, 28 Agustus
2025 “Navigating International Tax Moody’s Surabaya, 28 August
Complexities in the Age of Technology
Innovation and Economic Volatility”
KJA Gathering “KJA Kuat: Bersama Ikatan Akuntan Indonesia (IAI) Surabaya, 29 Agustus
Berjuang Meraih Peluang“ Institute of Indonesia Chartered Surabaya, 29 August
KJA Gathering “Strong KJA: Striving Accountants (IAI)
Together to Seize Opportunities”
Simposium Nasional Akuntansi IAI Tax Accountant Compartment, Palu, 10–11 September
XXVIII Tadulako 2025 & International Universitas Tadulako
Conference for Accounting Educators
(ICAE) “Accounting for Sustainability: The
role of Accountants in achieving SDGs
and Mitigating Climate Physical Risks”
National Accounting Symposium
XXVIII Tadulako 2025 & International
Conference for Accounting Educators
(ICAE) “Accounting for Sustainability: The
Role of Accountants in Achieving SDGs
and Mitigating Climate Physical Risks”
The 7th Legal Compliance Week 2025 PT Indocement Tunggal Prakarsa, Tbk Jakarta, 18 September
“Sustaining Growth through Legal
Governance”
Training of Trainer: Climate Governance International Finance Corporation Jakarta, 5 November
for Financial Institutions (IFC)
APA FEST 2025 Global Seminar “Future Ikatan Akuntan Indonesia (IAI) Jakarta, 10 November
– Ready Accountant: Navigating Global Institute of Indonesia Chartered
Challenges” Accountants (IAI)
International Seminar IAI 68th Anniversary Ikatan Akuntan Indonesia (IAI) Jakarta, 3 Desember
“Indonesia Accountants: Resilient, Institute of Indonesia Chartered Jakarta, 3 December
Sustainable and Future – Ready – Accountants (IAI)
Beyond Numbers, Building the Golden
Future”
IFAC Connect AsiaPac 2025 “Leading Ikatan Akuntan Indonesia (IAI), Jakarta, 4 Desember
Sustainability Transformation: Global International Federation of Jakarta, 4 December
Standards, Regional Solutions” Accountants (IFAC)
Institute of Indonesia Chartered
Accountants (IAI), International
Federation of Accountants (IFAC)
Indonesia Annual Report Award 2024 Komite Nasional Kebijakan Governansi Jakarta, 8 Desember
(KNKG) Jakarta, 8 December
National Committee for Governance
Policy (KNKG)
Seminar Pelaporan Keuangan Sektor Badan Pemeriksa Keuangan Republik Jakarta, 11 Desember
Publik‚ Membangun Ekosistem Pelaporan Indonesia (BPK RI) Jakarta, 11 December
Keuangan Nasional yang Kuat, Kredibel Audit Board of the Republic of
dan Kompeten Pasca Terbitnya Peraturan Indonesia (BPK RI)
Pemerintah Nomor 43 Tahun 2025
Seminar Public Sector Financial
Reporting: Building a Strong, Credible,
and Competent National Financial
Reporting Ecosystem Following the
Issuance of Government Regulation No.
43 of 2025
David Sungkoro, Pelaporan Keberlanjutan: Standar dan Jakarta, 10-11
Anggota Komite Implementasi September
Audit Sustainability Reporting: Standards and
Member of Audit Implementation
Committee Materialitas dalam Keberlanjutan Jakarta, 17-18
Ikatan Akuntan Indonesia
Materiality in Sustainability Desember
Institute of Indonesia Chartered
Jakarta, 17-18
Accountants
December
Pengelolaan dan Implementasi Emisi Jakarta, 22-23
Karbon Desember
Management and Implementation of Jakarta, 22-23
Carbon Emission December
298 Laporan Tahunan 2025 Annual Report
Page 299
Tata Kelola Perusahaan
Corporate Governance
Komite Nominasi dan Remunerasi Nomination and Remuneration Committee
Komite Nominasi dan Remunerasi merupakan Nomination and Remuneration Committee is a
komite yang berada di bawah Dewan Komisaris yang committee under the Board of Commissioners that is
memiliki tugas terkait Nominasi dan Remunerasi in charge of nomination and remuneration of members
terhadap anggota Direksi dan anggota Dewan of the Board of Directors and Board of Commissioners,
Komisaris, menjalankan fungsi pengawasan dan carrying out supervisory function, and ensuring that
memastikan pelaksanaan proses nominasi dan the implementation of nomination and remuneration
remunerasi secara objektif, efektif, dan efisien, serta process runs objectively, effectively, and efficiently, as
sesuai dengan prinsip manajemen Human Capital well as in accordance with the principles of Human
dan GCG. Capital management and GCG.
Dasar Hukum Legal Basis
1. POJK Nomor 34/POJK.04/2014 tanggal 8 1. POJK No. 34/POJK.04/2014 dated 8 December
Desember 2014 tentang Komite Nominasi dan 2014 on Nomination and Remuneration Committee
Remunerasi Emiten atau Perusahaan Publik of Issuers or Public Companies (POJK 34/2014);
(POJK 34/2014); 2. POJK No. 21/POJK.04/2015 dated 16 November
2. POJK Nomor 21/POJK.04/2015 tanggal 16 2015 on Implementation of Governance Guidelines
November 2015 tentang Penerapan Pedoman Tata for Public Companies (POJK 21/2015);
Kelola Perusahaan Terbuka (POJK 21/2015); 3. Board of Commissioners’ Decision Letter No. 007/
3. Surat Keputusan Dewan Komisaris Nomor 007/ Kpts/Kom/ITP/XII/2015 dated 4 December 2015
Kpts/Kom/ITP/XII/2015 tanggal 4 Desember 2015 on the Nomination and Remuneration Committee
tentang Piagam Komite Nominasi dan Remunerasi Charter (SK Kom 007/2015); and
(SK Kom 007/2015); dan 4. Board of Commissioners’ Decision Letter No. 002/
4. Surat Keputusan Dewan Komisaris Nomor 002/ Kpts/Kom/ITP/V/2024 dated 14 May 2024 on the
Kpts/Kom/ITP/V/2024 tanggal 14 Mei 2024 appointment of Nomination and Remuneration
tentang penunjukan anggota Komite Nominasi Committee’s members.
dan Remunerasi.
Piagam Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Charter
Dewan Komisaris telah menyusun Piagam Komite The Board of Commissioners has prepared the
Nominasi dan Remunerasi melalui SK Kom 007/2015 Nomination and Remuneration Committee Charter
sebagai penunjang dan pedoman pelaksanaan through SK Kom 007/2015 to support and guide the
tugas dan tanggung jawab Komite Nominasi dan implementation of the Nomination and Remuneration
Remunerasi. Piagam tersebut menjadi acuan kerja Committee’s duties and responsibilities. Such
bagi Komite Nominasi dan Remunerasi dalam charter becomes the Nomination and Remuneration
menjalankan tugas dan tanggung jawabnya. Isi Committee’s work reference in performing its duties
Piagam Komite Nominasi dan Remunerasi antara and responsibilities. The Nomination and Remuneration
lain: Committee Charter consists of the following:
1. Tujuan Pembentukan Komite Nominasi dan 1. Objective of Establishment of Nomination and
Remunerasi; Remuneration Committee;
2. Komposisi dan Struktur Komite Nominasi dan 2. Composition and Structure of Nomination and
Remunerasi; Remuneration Committee;
3. Ketua Komite Nominasi dan Remunerasi; 3. Chairman of Nomination and Remuneration
4. Masa Jabatan Komite Nominasi dan Remunerasi; Committee;
5. Wewenang Komite Nominasi dan Remunerasi; 4. Term of Office of Nomination and Remuneration
6. Tugas dan Tanggung Jawab Komite Nominasi dan Committee;
Remunerasi; 5. Authority of Nomination and Remuneration
7. Aturan dan Prosedur dalam Melakukan Tugas Committee;
Komite Nominasi dan Remunerasi; 6. Duties and Responsibilities of Nomination and
Remuneration Committee;
7. Rules and Procedure for Performing the Nomination
and Remuneration Committee’s Duties;
Laporan Tahunan 2025 Annual Report 299
Page 300
8. Ketentuan dan prosedur dalam menjalankan 8. Provisions and procedure for performing duties
tugas Anggota Komite Nominasi dan Remunerasi; of the Members of Nomination and Remuneration
9. Rapat Komite Nominasi dan Remunerasi; Committee;
10. Pelaporan Komite Nominasi dan Remunerasi; dan 9. Nomination and Remuneration Committee’s
11. Prosedur Pergantian anggota Komite Nominasi Meetings;
dan Remunerasi. 10. Nomination and Remuneration Committee’s
Reporting; and
11. Procedure for Replacement of the Nomination and
Remuneration Committee’s Members.
Masa Jabatan Komite Nominasi dan Remunerasi Term of Office of Nomination and Remuneration
Committee
Masa jabatan Komite Nominasi dan Remunerasi The term of office of Nomination and Remuneration
ditetapkan selama tiga tahun dan dapat diangkat Committee is determined to be a period of three
kembali. years and they may be reappointed.
Komposisi dan Dasar Pengangkatan Komite Composition and Basis of Appointment of
Nominasi dan Remunerasi Nomination and Remuneration Committee
Berdasarkan Piagam Komite Nominasi dan Based on the Nomination and Remuneration
Remunerasi, anggota Komite Nominasi, dan Committee Charter, the Nomination and
Remunerasi sedikitnya berjumlah tiga orang. Salah Remuneration Committee shall at least have
satu anggotanya adalah Komisaris Independen three members. One of which is an Independent
yang ditunjuk sebagai Ketua. Anggota lainnya Commissioner appointed as Chairman. Other
dapat berasal dari anggota Dewan Komisaris atau members may come from the members of Board of
pihak independen dari luar Perseroan dan pejabat Commissioners or independent party from external
dari unsur manajerial Perseroan namun bukan parties or the official of the Company’s managerial
merupakan anggota Direksi Perseroan. element, but not the Board of Directors’ member.
Pada 31 Desember 2025, komposisi Komite Nominasi On 31 December 2025, the composition of the
dan Remunerasi Perseroan adalah sebagai berikut: Company’s Nomination and Remuneration
Committee was as follows:
Nama Jabatan Dasar Pengangkatan Keahlian Periode Jabatan
Name Position Basis of Appointment Expertise Term of Office
Simon Subrata Ketua Surat Keputusan Dewan Komisaris Nomor • Ahli Korporasi Tata Kelola 2024–2027
Chairman 002/Kpts/Kom/ITP/V/2024 tanggal 14 Mei 2024 Perusahaan yang Baik
Board of Commissioners’ Decision Letter No. • Keuangan
002/Kpts/Kom/ITP/V/2024 dated 14 May 2024 • Expert in Corporate, Good
Corporate Governance
• Finance
Roberto Callieri Anggota Surat Keputusan Dewan Komisaris Nomor • Teknik 2024–2027
Member 002/Kpts/Kom/ITP/V/2024 tanggal 14 Mei 2024 • Manajemen dan Bisnis
Board of Commissioners’ Decision Letter No. • Semen
002/Kpts/Kom/ITP/V/2024 dated 14 May 2024 • Engineering
• Management and
Business
• Cement
Yulius Hadi Wijaya Anggota Surat Keputusan Dewan Komisaris Nomor Pengembangan Human 2024–2027
Member 002/Kpts/Kom/ITP/V/2024 tanggal 14 Mei 2024 Capital
Board of Commissioners’ Decision Letter No. Human Capital Development
002/Kpts/Kom/ITP/V/2024 dated 14 May 2024
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Tata Kelola Perusahaan
Corporate Governance
Profil Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee Profile
SIMON SUBRATA
Ketua Komite Nominasi dan Remunerasi
Chairman of Nomination and Remuneration Committee
Dasar Hukum Surat Keputusan Dewan Komisaris Nomor 002/Kpts/Kom/
Pengangkatan ITP/V/2024 tanggal 14 Mei 2024
Legal Basis of Board of Commissioners’ Decision Letter No. 002/Kpts/
Appointment Kom/ITP/V/2024 dated 14 May 2024
Profil beliau dapat dilihat pada bagian Profil Dewan His profile can be seen in the Board of Commissioners’
Komisaris di Bab Profil Perusahaan pada laporan ini. Profile section in the Company Profile Chapter of
this Annual Report.
ROBERTO CALLIERI
Anggota Komite Nominasi dan Remunerasi
Member of Nomination and Remuneration Committee
Dasar Hukum Surat Keputusan Dewan Komisaris Nomor 002/Kpts/Kom/
Pengangkatan ITP/V/2024 tanggal 14 Mei 2024
Legal Basis of Board of Commissioners’ Decision Letter No. 002/Kpts/
Appointment Kom/ITP/V/2024 dated 14 May 2024
Profil beliau dapat dilihat pada bagian Profil Dewan His profile can be seen in the Board of Commissioners’
Komisaris di Bab Profil Perusahaan pada laporan ini. Profile section in the Company Profile Chapter of
this Annual Report.
Laporan Tahunan 2025 Annual Report 301
Page 302
YULIUS HADI WIJAYA 48
tahun
years old
Anggota Komite Nominasi dan Remunerasi
Indonesia
Member of Nomination and Remuneration Committee Indonesian
Domisili
Jakarta
Domicile
Dasar Hukum Surat Keputusan Dewan Komisaris Nomor 002/Kpts/Kom/
Pengangkatan ITP/V/2024 tanggal 14 Mei 2024
Legal Basis of Board of Commissioners’ Decision Letter No. 002/Kpts/
Appointment Kom/ITP/V/2024 dated 14 May 2024
Riwayat Pendidikan
Educational Background
• Sarjana Teknik Industri, Institut Teknologi Sepuluh Nopember • Bachelor of Industrial Engineering, Institut Teknologi Sepuluh
(ITS) Nopember (ITS)
• Magister Strategic Management, Sekolah Bisnis Prasetya • Master of Strategic Management, Prasetya Mulya Business School
Mulya
Riwayat Pekerjaan
Work Experience
• Indocement Corporate Organization Development • Corporate Organization Development Department Head of
Department Head (2011–2015) Indocement (2011–2015)
• Indocement Corporate People Development Department • Corporate People Development Department Head of Indocement
Head (2015–2019) (2015–2019)
• Indocement Corporate Industrial Relations & HR Department • Corporate Industrial Relations & HR Department Head of
Head (2019–2023) Indocement (2019–2023)
• Indocement Quantum Challenge (Strategic Management) • Quantum Challenge (Strategic Management) Coordinator of
Coordinator (Februari–Juni 2023) Indocement (February–June 2023)
Jabatan Lainnya
Concurrent Positions
• Corporate Human Capital Division Manager • Corporate Human Capital Division Manager
Hubungan Afiliasi
Affiliation Relationship
Tidak memiliki hubungan afiliasi dengan anggota Dewan Not affiliated with members of the Board of Commissioners,
Komisaris, Direksi dan Pemegang Saham Pengendali Board of Directors, and Controlling Shareholders
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Tata Kelola Perusahaan
Corporate Governance
Independensi Komite Nominasi dan Remunerasi Independence of the Nomination and
Remuneration Committee
Selain Roberto Callieri anggota Komite Nominasi Apart from Roberto Callieri, members of the
dan Remunerasi tidak memiliki hubungan keuangan, Nomination and Remuneration Committee have
kepengurusan, kepemilikan saham dan/atau no financial, management, share ownership,
hubungan keluarga dengan Dewan Komisaris, and/or family relationships with the Board of
Direksi atau hubungan dengan Perseroan, yang Commissioners, Board of Directors, or relationships
dapat mempengaruhi kemampuannya bertindak with the Company, which may affect their ability to
independen. act independently.
Pernyataan Independensi Yulius Hadi
Simon Subrata Roberto Callieri
Statement of Independence Wijaya
Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi √ X √
Does not have financial relationship with the Board of Commissioners
and Board of Directors
Tidak memiliki hubungan kepengurusan di perusahaan, anak perusahaan, √ √ √
maupun perusahaan afiliasi
Does not have management relationship in the company, subsidiary, and
affiliated company
Tidak memiliki hubungan kepemilikan saham di Perseroan √ √ √
Does not have share ownership relationship in the Company
Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/ √ √ √
atau sesama anggota Komite Audit
Does not have family relationship with the Board of Commissioners,
Board of Directors, and/or among members of Audit Committee
Tidak menjabat sebagai pengurus partai politik, pejabat, dan pemerintah √ √ √
Does not hold position as administrator of political party, officer, or
government official
Tugas dan Tanggung Jawab Komite Nominasi Duties and Responsibilities of Nomination and
dan Remunerasi Remuneration Committee
Tugas dan tanggung jawab Komite Nominasi dan As stated in the Nomination and Remuneration
Remunerasi sebagaimana disebutkan dalam Piagam Committee Charter, the Nomination and
Komite Nominasi dan Remunerasi menjalankan Remuneration Committee performs its duties
tugasnya secara independen dengan bertanggung independently and has to be responsible to the
jawab kepada Dewan Komisaris. Board of Commissioners.
Berikut merupakan tanggung jawab Komite berkaitan The following are the Committee’s responsibilities
dengan fungsi nominasi dan remunerasi: in relation to the nomination and remuneration
functions:
Berkaitan dengan Fungsi Nominasi Related to Nomination Function
1. Menyusun dan memberikan rekomendasi kepada 1. Preparing and giving recommendations to the
Dewan Komisaris mengenai: Board of Commissioners on:
a. Komposisi jabatan anggota Direksi dan/atau a. Composition of members of Board of Directors
anggota Dewan Komisaris; and/or members of Board of Commissioners;
b. Kebijakan dan kriteria yang dibutuhkan dalam b. Policies and criteria necessary in the
proses nominasi; dan nomination process; and
c. Kebijakan evaluasi kinerja bagi anggota Direksi c. Performance evaluation policies for members
dan/atau anggota Dewan Komisaris; of Board of Directors and/or members of
2. Membantu Dewan Komisaris melakukan penilaian Board of Commissioners;
kinerja anggota Direksi dan/atau anggota Dewan 2. Assisting the Board of Commissioners in
Komisaris berdasarkan tolak ukur yang telah assessing the performance of members of
disusun sebagai bahan evaluasi; Board of Directors and/or members of Board of
Commissioners based on benchmarks prepared
as evaluation material;
Laporan Tahunan 2025 Annual Report 303
Page 304
3. Memberikan rekomendasi kepada Dewan 3. Providing recommendations to the Board of
Komisaris mengenai program pengembangan Commissioners on the capability development
kemampuan anggota Direksi dan/atau Dewan program of members of Board of Directors and/
Komisaris; dan or Board of Commissioners; and
4. Memberikan rekomendasi usulan kandidat 4. Recommending candidates who meet the
calon yang memenuhi syarat sebagai anggota requirements as member of Board of Directors
Direksi dan/atau anggota Dewan Komisaris untuk and/or member of Board of Commissioners to be
disampaikan kepada RUPS. submitted to the GMS.
Berkaitan dengan Fungsi Remunerasi Related to Remuneration Function
1. Memberikan rekomendasi kepada Dewan 1. Giving recommendations to the Board of
Komisaris mengenai: Commissioners on:
a. Struktur remunerasi; a. Remuneration structure;
b. Kebijakan atas remunerasi; dan b. Remuneration policy; and
c. Besaran atas remunerasi; c. Remuneration amount;
2. Membantu Dewan Komisaris melakukan penilaian 2. Assisting the Board of Commissioners in
kinerja dengan kesesuaian remunerasi yang conducting performance assessment in
diterima masing-masing anggota Direksi dan/ accordance with the remuneration received by
atau Dewan Komisaris; dan each member of the Board of Directors and/or
3. Memberikan usulan kepada Dewan Komisaris Board of Commissioners; and
terkait ketentuan dalam self-assessment Direksi 3. Providing proposals to the Board of
dan Dewan Komisaris. Commissioners regarding the provisions in the
self-assessment of the Board of Directors and
Board of Commissioners.
Rapat Komite Nominasi dan Remunerasi Nomination and Remuneration Committee’s
Meeting
Dalam menjalankan tugas dan tanggung jawabnya, In performing its duties and responsibilities, the
Komite Nominasi dan Remunerasi mengadakan Nomination and Remuneration Committee holds
rapat sesuai dengan kebutuhan atau sedikitnya satu meetings as necessary or at least once every 4
kali dalam 4 bulan. Rapat dihadiri oleh Ketua dan months. The meeting shall be attended by the
minimal setengah dari jumlah anggota. Chairman and at least half of the total number of
members.
Sepanjang 2025, Komite Nominasi dan Remunerasi Throughout 2025, the Nomination and Remuneration
Perseroan telah melangsungkan rapat internal Committee held three internal meetings with the
sebanyak tiga kali dengan agenda dan rekapitulasi following agenda and attendance recapitulation:
kehadiran sebagai berikut:
Tanggal Peserta
No. Agenda
Date Participants
1. 25 April 25 • Perubahan komposisi Dewan Komisaris • Simon Subrata
• Akhir Masa Jabatan Sunnira Ly • Roberto
• Changes in the Board of Commissioners’ composition Callieri
• End of Term of Office of Sunnira Ly • Yulius
2. 7 Mei 25 Honorarium Dewan Komisaris dan paket remunerasi Direksi Hadiwijaya
7 May 25 Honorarium of the Board of Commissioners and remuneration package for Board of
Directors
3. 11 November 25 Penyusunan laporan tugas dan kegiatan Komite Nominasi dan Remunerasi periode 2025
Preparation of report on Nomination and Remuneration Committee task and activities
for the period 2025
304 Laporan Tahunan 2025 Annual Report
Page 305
Tata Kelola Perusahaan
Corporate Governance
Pelaksanaan Kegiatan Komite Nominasi dan Implementation of Nomination and
Remunerasi Remuneration Committee’s Activities
Sepanjang 2025, Komite Nominasi dan Remunerasi Throughout 2025, the Nomination and Remuneration
telah melaksanakan program kerja dan kegiatan Committee carried out the following work programs
sebagai berikut: and activities:
Rencana Kerja Realisasi
No.
Work Plan Realization
1. Penilaian kandidat terkait perubahan Dewan Komisaris Rapat dilaksanakan pada 25 April 2025, masing-masing untuk
dan Direksi kandidat:
Assessment of the candidate regarding changes of the • anggota Dewan Komisaris, Suharso Monoarfa yang akan
Board of Commissioners and Board of Directors menggantikan Kevin Gerard Gluskie; dan
• penunjukan kembali anggota Direksi, Sunnira Ly untuk masa
jabatan yang baru.
Meeting was held on 25 April 2025 for the following candidates:
• Suharso Monoarfa, member of Board of Commissioners, who
would replace Kevin Gerard Gluskie; and
• reappointment of Sunnira Ly, member of Board of Directors, for
a new term of office.
2. Proposal honorarium Dewan Komisaris dan paket Rapat dilaksanakan 7 Mei 2025
remunerasi Direksi The meeting was held 7 May 2025
Proposal of honorarium for the Board of Commissioners
and remuneration package for Board of Directors
3. • Penyusunan laporan kepada Dewan Komisaris Rapat dilaksanakan pada 11 November 2025
• Rencana kerja dan target untuk tahun buku 2026 The meeting was held on 11 November 2025
• Preparation of the report to Board of Commissioners
• Work plans and target for the 2026 financial year
Pelatihan dan Peningkatan Kompetensi Komite Nomination and Remuneration Committee’s
Nominasi dan Remunerasi Training and Competence Development
Untuk menunjang Komite Nominasi dan Remunerasi In order to support the Nomination and
dalam melaksanakan tugas dan tanggung jawabnya, Remuneration Committee in performing its duties
Perseroan memberikan kesempatan kepada anggota and responsibilities, the Company provides
Komite Nominasi dan Remunerasi untuk mengikuti opportunities for Nomination and Remuneration
program pelatihan dan pengembangan kompetensi, Committee members to attend training and
baik yang diselenggarakan oleh internal Perseroan competence development programs, organized by
ataupun pihak eksternal. Sepanjang 2025, anggota parties either internal or external to the Company.
Komite Nominasi dan Remunerasi telah mengikuti Throughout 2025, members of the Nomination and
program pelatihan dan pengembangan kompetensi Remuneration Committee attended training and
sebagai berikut: competence development programs as follows:
Nama dan Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name and Position Programs Attended Organizer Time and Place
Simon Subrata, Data Simon Subrata dapat dilihat pada bagian Pelatihan dan Pengembangan Kompetensi
Ketua Komite Nominasi dan Dewan Komisaris di Bab Tata Kelola Perusahaan pada laporan ini.
Remunerasi Data of Simon Subrata can be seen in Training and Competence Development of the Board of
Chairman of Nomination and Commissioners in Good Corporate Governance Chapter of this report.
Remuneration Committee
Roberto Callieri, Data Roberto Callieri dapat dilihat pada bagian Pelatihan dan Pengembangan Kompetensi
Anggota Komite Nominasi dan Dewan Komisaris di Bab Tata Kelola Perusahaan pada laporan ini.
Remunerasi Data of Roberto Callieri can be seen in Training and Competence Development of the Board of
Member of Nomination and Commissioners in Good Corporate Governance Chapter of this report.
Remuneration Committee
Laporan Tahunan 2025 Annual Report 305
Page 306
Nama dan Jabatan Program yang Diikuti Penyelenggara Waktu dan Tempat
Name and Position Programs Attended Organizer Time and Place
Yulius Hadi Wijaya, Anggota Indocement Executive Strategic Indocement Bogor, 4 Februari
Komite Nominasi dan Forum Bogor, 4 February
Remunerasi Pelatihan Kesadaran Keamanan Heidelberg Materials Workday, 26 Maret
Member of Nomination and Komputer Workday, 26 March
Remuneration Committee Computer Security Awareness
Training
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelberg Materials Workday, 25 Agustus
Heidelbergcement Workday, 25 August
Preventing Corruption at
Heidelbergcement
Konferensi Hubungan Industrial Asosiasi Pengusaha Surabaya, 4–6 November
Industrial Relation Conference Indonesia (APINDO)
Indonesian Employers’
Association
Menciptakan Pemimpin dari Dalam SWA Media Group Jakarta, 10 Desember
Creating Leader from Within Jakarta, 10 December
Kebijakan Suksesi Direksi Board of Directors’ Succession Policy
Perseroan memiliki Kebijakan Suksesi Direksi The Company has a Board of Directors’ Succession
yang dilakukan berdasarkan prinsip-prinsip Tata Policy based on the principles of Good Corporate
Kelola Perusahaan yang Baik, profesionalisme, Governance, professionalism, and competence to
dan kompetensi guna menjaga kesinambungan maintain the continuity of leadership regeneration
proses regenerasi kepemimpinan dan menjamin process and ensure business continuity and the
kelangsungan bisnis serta tujuan jangka panjang Company’s long-term goals.
Perseroan.
Sejalan dengan hal tersebut salah satu tugas In line with this matter, one of the duties of the
Komite Nominasi dan Remunerasi adalah menyusun, Nomination and Remuneration Committee is to
menelaah dan mengusulkan perencanaan suksesi compile, review, and propose the succession plan
anggota Direksi dengan memperhatikan antara lain for the Board of Directors’ members by considering
kriteria kompetensi, profesionalisme, dan etika kerja the competence criteria, professionalism, and work
yang dibutuhkan oleh Perseroan guna meningkatkan ethics required by the Company in order to increase
nilai Perseroan terhadap pemegang saham dan the Company’s values towards the shareholders and
pemangku kepentingan lainnya. Kriteria tersebut other stakeholders. These criteria are references for
merupakan acuan bagi Komite Nominasi dan the Nomination and Remuneration Committee in
Remunerasi dalam melakukan identifikasi calon yang identifying candidates who meet the requirements
memenuhi syarat sebagai anggota Direksi (baik dari as the Board of Directors’ members (both internally
kalangan internal maupun dari eksternal), melakukan and externally), evaluating the Board of Directors’
evaluasi kinerja Direksi, serta menyusun program performance, and preparing the necessary
pengembangan kepemimpinan yang diperlukan. leadership development programs. Candidates
Kandidat yang terpilih melalui mekanisme tersebut selected through such mechanism are proposed to
kemudian diajukan kepada RUPS untuk dimintai the GMS for approval.
persetujuannya.
Komite Lainnya Other Committees
Hingga akhir 2025, Dewan Komisaris Indocement Until the end of 2025, Indocement’s Board of
hanya membentuk Komite Audit dan Komite Commissioners only established Audit Committee
Nominasi dan Remunerasi. Dewan Komisaris and Nomination and Remuneration Committee.
menilai, keberadaan kedua Komite tersebut sudah The Board of Commissioners considers that
mencukupi dalam rangka membantu pelaksanaan these two Committees are sufficient to assist the
fungsi, tugas, dan tanggung jawab Dewan Komisaris. Board of Commissioners’ functions, duties, and
responsibilities.
306 Laporan Tahunan 2025 Annual Report
Page 307
Tata Kelola Perusahaan
Corporate Governance
Organ Pendukung Direksi
Board of Directors’ Supporting Organs
Direksi dapat membentuk organ yang membantu The Board of Directors may establish organs to
tugas dan tanggung jawab pelaksanaan tugasnya assist its duties and responsibilities implementation
dalam pengelolaan Perseroan, sesuai dengan in managing the Company, in line with laws and
peraturan perundang-undangan dan Piagam Direksi. regulations and the Board of Directors’ Charter.
Organ yang dibentuk Direksi dapat bersifat ad- The Board of Directors may create ad-hoc or
hoc maupun struktural. Hingga akhir 2025, Direksi structural organs. Until the end of 2025, the Board of
memiliki 4 komite yang bersifat ad-hoc, yaitu Komite Directors had 4 ad-hoc committees, namely Safety
Keselamatan, Komite Etika, Komite ESG, dan Komite Committee, Ethics Committee, ESG Committee, and
HAM. Selain itu, Direksi juga dibantu oleh organ Human Rights Committee. In addition, the Board of
struktural, yaitu Sekretaris Perusahaan dan Divisi Directors is assisted by structural organs, namely
Internal Audit. Seluruh organ tersebut dibentuk Corporate Secretary and Internal Audit Division.
untuk memastikan pelaksanaan prinsip GCG dan All of these organs are established to ensure the
ketaatan terhadap peraturan perundang-undangan implementation of GCG principles and its compliance
yang berlaku. with the applicable laws and regulations.
Komite Keselamatan Safety Committee
Komite Keselamatan adalah komite yang dibentuk Safety Committee is a committee established under
di bawah Direksi berdasarkan Keputusan Direksi the Board of Directors based on Board of Directors
yang bertugas untuk mengawasi dan memastikan Decision that is in charge of overseeing and ensuring
penerapan standar keselamatan dan kesehatan kerja the implementation of occupational health and
dalam operasional perusahaan. Direksi membentuk safety standards in the Company’s operations. The
Komite Keselamatan atau Indocement Safety Board of Directors established the Safety Committee,
Committee (I-SC) untuk membantu Direksi dalam or Indocement Safety Committee (I-SC), to assist
menentukan strategi pencegahan kecelakaan dan the Board of Directors in determining strategies
penyakit akibat kerja, mendukung dan memastikan to prevent occupational accidents and diseases,
strategi, inisiasi, dan program keselamatan dan to support and ensure that the strategy, initiation,
kesehatan kerja dalam semua kegiatan Perseroan and occupational health and safety programs in all
terlaksana dengan baik. Company activities are well implemented.
Dasar Hukum Legal Basis
1. Undang-Undang Republik Indonesia Nomor 1. Law of the Republic of Indonesia No. 13 of 2003
13 Tahun 2003 tentang Ketenagakerjaan yang on Manpower, which mandates the obligation to
mengamanatkan kewajiban perlindungan provide protection on occupational health and
keselamatan dan kesehatan kerja melalui safety by implementing occupational health and
penerapan sistem manajemen keselamatan dan safety management system that is integrated
kesehatan kerja yang terintegrasi dengan sistem with the company’s management system;
manajemen perusahaan; 2. Law of the Republic of Indonesia No. 1 of 1970
2. Undang-undang Republik Indonesia Nomor on Occupational Safety, which mandates the
1 Tahun 1970 tentang Keselamatan Kerja obligation to fulfill safety requirements, guidance
yang mengamanatkan kewajiban pemenuhan as an effort to prevent accidents and fires, as well
persyaratan keselamatan, pembinaan sebagai as the establishment of a steering committee of
upaya pencegahan kecelakaan dan kebakaran occupational health and safety;
serta pembentukan panitia pembina keselamatan 3. Government Regulation No. 50 of 2012 on
dan kesehatan kerja; Guidelines for Implementing Occupational Health
3. Peraturan Pemerintah Nomor 50 Tahun 2012 and Safety Management Systems (OHSMS);
tentang Pedoman Penerapan Sistem Manajemen
Keselamatan dan Kesehatan Kerja (SMK3);
Laporan Tahunan 2025 Annual Report 307
Page 308
4. Pedoman Keselamatan dan Kesehatan Kerja 4. Heidelberg Materials Occupational Health and
Heidelberg Materials; dan Safety Guidelines; and
5. Surat Keputusan Direksi Nomor 011/Kpts/Dir/ 5. Board of Directors’ Decision Letter No. 011/Kpts/
ITP/IX/2019 tanggal 17 September 2019 tentang Dir/ITP/IX/2019 dated 17 September 2019 on
Komite Keselamatan. Safety Committee.
Struktur dan Komposisi Komite Keselamatan Structure and Composition of Safety Committee
Struktur dan komposisi keanggotaan Komite Structure and composition of the Safety Committee
Keselamatan pada 2025 adalah sebagai berikut: in 2025 were as follows:
Nama Jabatan Keahlian Keterangan
Name Position Expertise Description
Christian Ketua Strategi, Manajemen dan Proses Keselamatan, Direktur Utama
Kartawijaya Chairman serta Manajemen Risiko Operasional President Director
Strategy, Safety Management and Process, and
Operational Risk Management
Arief Rahman Sekretaris Ahli K3 Umum & National Examination Board in Corporate Safety, Health, Environment
Hakim Secretary Occupational Safety and Health (NEBOSH) Division Manager
General OHS Expert & National Examination
Board in Occupational Safety and Health
(NEBOSH)
Hasan Imer Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur yang membawahi Bidang Project
Member serta Manajemen Risiko Operasional Director in charge of Project
Strategy, Safety Management and Process, and
Operational Risk Management
Sunnira Ly Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur yang membawahi Bidang
Member serta Manajemen Risiko Operasional Keuangan
Strategy, Safety Management and Process, and Director in charge of Finance
Operational Risk Management
Troy Dartojo Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur yang membawahi Bidang
Soputro Member serta Manajemen Risiko Operasional Penjualan dan Pemasaran
Strategy, Safety Management and Process, and Director in charge of Sales and Marketing
Operational Risk Management
Holger Mørch Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur yang membawahi Bidang Teknik
Member serta Manajemen Risiko Operasional Director in charge of Engineering
Strategy, Safety Management and Process, and
Operational Risk Management
Oey Marcos Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur yang membawahi pengelolaan
Member serta Manajemen Risiko Operasional Sumber Daya Manusia dan Pengembangan
Strategy, Safety Management and Process, and Bisnis
Operational Risk Management Director in charge of Human Capital
Management and Business Development
Setia Wijaya Anggota Strategi, Manajemen dan Proses Keselamatan, General Manager Kompleks Pabrik
Member serta Manajemen Risiko Operasional Citeureup
Strategy, Safety Management and Process, and General Manager of Citeureup Factory
Operational Risk Management
Katon Primanto Anggota Strategi, Manajemen dan Proses Keselamatan, General Manager Kompleks Pabrik Cirebon
Member serta Manajemen Risiko Operasional General Manager of Cirebon Factory
Strategy, Safety Management and Process, and
Operational Risk Management
Agus F. Rasad Anggota Strategi, Manajemen dan Proses Keselamatan, General Manager Kompleks Pabrik Tarjun
Member serta Manajemen Risiko Operasional General Manager of Tarjun Factory
Strategy, Safety Management and Process, and
Operational Risk Management
Soegito C. Anggota Strategi, Manajemen dan Proses Keselamatan, General Manager Procurement & AFAM
Kurniawan Member serta Manajemen Risiko Operasional General Manager of Procurement & AFAM
Strategy, Safety Management and Process, and
Operational Risk Management
Sie Ngoh Anggota Strategi, Manajemen dan Proses Keselamatan, Logistic Division Manager
Member serta Manajemen Risiko Operasional
Strategy, Safety Management and Process, and
Operational Risk Management
308 Laporan Tahunan 2025 Annual Report
Page 309
Tata Kelola Perusahaan
Corporate Governance
Nama Jabatan Keahlian Keterangan
Name Position Expertise Description
Robert Sweigart Anggota Strategi, Manajemen dan Proses Keselamatan, Manager Competence Center Cement
Member serta Manajemen Risiko Operasional
Strategy, Safety Management and Process, and
Operational Risk Management
Budiono Anggota Strategi, Manajemen dan Proses Keselamatan, General Manager Kompleks Pabrik
Hendranata Member serta Manajemen Risiko Operasional Grobogan
Strategy, Safety Management and Process, and General Manager of Grobogan Factory
Operational Risk Management
Budi Hartono Anggota Strategi, Manajemen dan Proses Keselamatan, General Manager Kompleks Pabrik Maros
Member serta Manajemen Risiko Operasional General Manager of Maros Factory
Strategy, Safety Management and Process, and
Operational Risk Management
Thomas Suryadi Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur Utama Beton Siap-Pakai
Member serta Manajemen Risiko Operasional President Director of Ready-Mix Concrete
Strategy, Safety Management and Process, and
Operational Risk Management
Jimmy Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur Utama Agregat
Dharmawan L. Member serta Manajemen Risiko Operasional President Director of Aggregate
Strategy, Safety Management and Process, and
Operational Risk Management
Mochammad Nur Anggota Strategi, Manajemen dan Proses Keselamatan, Direktur Operasional Agregat
Member serta Manajemen Risiko Operasional Operational Director of Aggregate
Strategy, Safety Management and Process, and
Operational Risk Management
Elman Rudolf P. Anggota Strategi, Manajemen dan Proses Keselamatan, Deputy General Manager Operation
Member serta Manajemen Risiko Operasional Kompleks Pabrik Citeureup
Strategy, Safety Management and Process, and Deputy General Manager of Operation of
Operational Risk Management Citeureup Factory
Retnawan Anggota Strategi, Manajemen dan Proses Keselamatan, Deputy General Manager Operation Support
Widhiantoro Member serta Manajemen Risiko Operasional Kompleks Pabrik Citeureup
Strategy, Safety Management and Process, and Deputy General Manager of Operation of
Operational Risk Management Citeureup Factory
Tugas dan Tanggung Jawab Komite Keselamatan Duties and Responsibilities of Safety Committee
1. Menetapkan komitmen, kebijakan, peraturan dan 1. Establishing OHS commitments, policies,
prosedur K3 serta memastikan penerapannya di regulations, and procedures and ensuring the
seluruh operasi Perseroan; implementation throughout the Company’s
2. Menyiapkan arah dan merumuskan strategi yang operations;
efektif dan rencana aksi yang bisa diterapkan di 2. Preparing direction and formulating effective
antara lini manajemen; strategies and action plans that can be applied
3. Menyiapkan suatu sistem keselamatan yang between the management lines;
harmonis, serta menyelaraskan tujuan dan target, 3. Preparing a harmonious safety system, and
untuk mengawasi organisasi; aligning goals and targets, to oversee the
4. Membantu membangun semangat dan budaya organization;
yang seragam dalam meningkatkan kinerja 4. Encouraging enthusiasm and a uniform culture
keselamatan sejalan dengan tujuan keselamatan in improving safety performance in line with the
kelompok; group’s safety goals;
5. Memberikan dukungan yang diperlukan oleh lini 5. Providing support needed by the management
manajemen untuk memastikan terlaksananya lines to ensure the implementation of the
program peningkatan keselamatan Perseroan Company’s extensive safety improvement
secara meluas; dan program; and
6. Melakukan evaluasi dan pengawasan terhadap 6. Evaluating and overseeing overall safety
kinerja keselamatan secara menyeluruh performance and determining opportunities for
dan menentukan peluang untuk perbaikan continuous improvement.
berkelanjutan.
Laporan Tahunan 2025 Annual Report 309
Page 310
Profil Anggota Komite Keselamatan Profile of Safety Committee Members
Pada 2025, dilakukan perubahan personel Komite In 2025, changes were made to the personnel
Keselamatan guna menindaklanjuti pergantian of Safety Committee in order to follow up on the
pejabat di Perseroan. changes to officials in the Company.
Nama
Name Christian Kartawijaya
Jabatan Ketua Komite Keselamatan
Position Chairman of Safety Committee
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Arief Rahman Hakim
Jabatan Sekretaris Komite Keselamatan
Position Secretary of Safety Committee
Usia 51 Tahun
Age 51 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Bogor
Domicile
• Sarjana Teknik Elektro, Institut Teknologi • Bachelor of Electrical Engineering, Institut
Riwayat Pendidikan Sepuluh Nopember Surabaya Teknologi Sepuluh Nopember Surabaya
Educational Background • Magister Ilmu Pengelolaan Sumber Daya Alam • Master of Science in Natural Resources and
dan Lingkungan, IPB University, Bogor Environmental Management, IPB University, Bogor
• Indocement Management Trainee (2001–2002) • Indocement Management Trainee (2001–2002)
• Indocement Junior Engineer (2002–2003) • Indocement Junior Engineer (2002–2003)
• Indocement Electrical Engineer (2003–2007) • Indocement Electrical Engineer (2003–2007)
Riwayat Pekerjaan • Indocement Instrument Superintendent • Indocement Instrument Superintendent
Work Experience (2007–2010) (2007–2010)
• Indocement Electrical Planner (2010–2013) • Indocement Electrical Planner (2010–2013)
• Indocement Safety Dept. Head Citeureup Unit • Indocement Safety Dept. Head of Citeureup
(2013–2018) Unit (2013-2018)
• Indocement Corporate SHE Manager (2018–sekarang) • Indocement Corporate SHE Manager (2018–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Seminar Manajemen Keselamatan Proses di Indocement Bogor, 11 Februari
Industri Semen Bogor, 11 February
Seminar on Process Safety Management in the
Cement Industry
Kesadaran Keamanan Komputer Heidelberg Materials Workday, 26 Maret
Computer Security Awarenes Workday, 26 March
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Kesadaran Keamanan Komputer Heidelberg Materials Workday, 30 Mei
Pelatihan di 2025 Computer Security Awareness Workday, 30 May
Training in 2025
Pelatihan Izin Kerja Indocement Bogor, 3 Juli
Work Permit Training Bogor, 3 July
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 31 Juli
Preventing Corruption at Heidelbergcement Workday, 31 July
Keselamatan Elektrik Indocement Bogor, 15 September
Electric Safety
Pelatihan Bekerja di Ruang Terbatas Indocement Bogor, 20 Oktober
Refresh Confined Space Training Bogor, 20 October
IMI Cares You–Intergenerational Leadership: Ikatan Manajemen Bogor, 19 November
Kolaborasi Peduli Lintas Generasi Untuk Indocement (IMI)
Tantangan Global
IMI Cares You–Intergenerational Leadership:
Collaborative Care Across Generations for Global
Challenges
310 Laporan Tahunan 2025 Annual Report
Page 311
Tata Kelola Perusahaan
Corporate Governance
Nama
Name Hasan Imer
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Sunnira Ly
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Troy Dartojo Soputro
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Holger Mørch
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Oey Marcos
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Setia Wijaya
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 66 Tahun
Age 66 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
Riwayat Pendidikan National Taiwan University
Educational Background
• Indocement Instrumentation Section Chief • Indocement Instrumentation Section Chief
(1983–1989) (1983–1989)
Riwayat Pekerjaan • Indocement Automation Head (1989–1997) • Indocement Automation Head (1989–1997)
Work Experience • Indocement Cement Plant Manager • Indocement Cement Plant Manager (1997–2006)
(1997–2006) • Indocement General Manager, Citeureup Factory
• Indocement General Manager Kompleks Pabrik (2006–present)
Citeureup (2006–sekarang)
Laporan Tahunan 2025 Annual Report 311
Page 312
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Kepatuhan Etika Indocement Bogor, Juli
Ethics Compliance Bogor, July
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Pelatihan di 2025 Preventing Corruption at Heidelbergcement Workday, 25 August
Training in 2025
LCC Week: Mempertahankan Pertumbuhan Melalui Indocement Bogor, 18 September
Tata Kelola Hukum
LCC Week: Sustaining Growth Through Legal
Governance
Pelatihan Kepemimpinan Berbasis Keselamatan Indocement Bogor, 28 Oktober
Safety-Based Leadership Training Bogor, 28 October
Nama
Name Katon Primanto
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 56 Tahun
Age 56 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Cirebon
Domicile
Riwayat Pendidikan PhD School of Engineering, University of Wales in Cardiff, United Kingdom (2004)
Educational Background
• Senior Process Engineer, Heidelberg Technology • Senior Process Engineer, Heidelberg
Centre (2007–2015) Technology Centre (2007–2015)
• Indocement Plant 12 Manager, Kompleks Pabrik • Indocement Plant 12 Manager, Tarjun Factory
Tarjun (2015–2017) (2015–2017)
Riwayat Pekerjaan • Indocement General Manager, Kompleks Pabrik • Indocement General Manager Tarjun Factory
Work Experience Tarjun (2017–2019) (2017–2019)
• Indocement Plant 7/8 Manager, Kompleks Pabrik • Indocement Plant 7/8 Manager, Citeureup
Citeureup (2019–2025) Factory (2019–2025)
• Indocement General Manager Kompleks Pabrik • Indocement General Manager Cirebon Factory
Cirebon (2025–Sekarang) (2025–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan Dasar-Dasar Kepatuhan Heidelberg Materials Workday, 2 April
Compliance Basics Training
Pelatihan di 2025 Pelatihan Pencegahan Korupsi Heidelberg Materials Workday, 15 Agustus
Training in 2025 Preventing Corruption Training Workday, 15 August
Pelatihan Kesadaran akan Bias Bawah Sadar Heidelberg Materials Workday, 1 September
Unconscious Bias Awareness Training
Pelatihan Keamanan Siber Heidelberg Materials Workday, 11 Desember
Cyber Security Training Workday, 11 December
312 Laporan Tahunan 2025 Annual Report
Page 313
Tata Kelola Perusahaan
Corporate Governance
Nama
Name Agus F. Rasad
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 57 Tahun
Age 57 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Tarjun, Kalimantan Selatan
Domicile Tarjun, South Kalimantan
Riwayat Pendidikan Electrical Engineering
Educational Background
• Indocement Junior Engineer (1997–1999) • Indocement Junior Engineer (1997-1999)
• Indocement Superintendent (2000–2004) • Indocement Superintendent (2000–2004)
Riwayat Pekerjaan • Indocement Electrical Dept. Head (2004–2021) • Indocement Electrical Dept. Head (2004–2021)
Work Experience • Indocement Plant Manager (2021–2023) • Indocement Plant Manager (2021–2023)
• Indocement General Manager Kompleks Pabrik • Indocement General Manager, Tarjun Factory
Tarjun (2023–sekarang) (2023–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran tentang Keragaman dan Inklusi Indocement Bogor, 6 Maret
Awareness About Diversity & Inclusion Training Bogor, 6 March
Pelatihan di 2025 Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 26 Maret
Training in 2025 Computer Security Awareness Training Workday, 26 March
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 31 Juli
Preventing Corruption at Heidelbergcement Workday, 31 July
SHE for Supervisor Indocement Daring, Oktober
Online, October
Nama
Name Soegito C. Kurniawan
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 56 Tahun
Age 56 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Tangerang, Banten
Domicile
Riwayat Pendidikan Sarjana Teknik, Institut Sains dan Teknologi Nasional (1995)
Educational Background Bachelor of Engineering, Institut Sains dan Teknologi Nasional (1995)
Laporan Tahunan 2025 Annual Report 313
Page 314
• Indocement Foreign Department Head • Indocement Foreign Department Head
(2007–2011) (2007–2011)
• Indocement Purchasing Manager (2011–2015) • Indocement Purchasing Manager (2011–2015)
• Indocement Deputy General Manager Operation • Indocement Deputy General Manager of
Support Kompleks Pabrik Citeureup Operation Support, Citeureup Factory
(2016–2022) (2016–2022)
• Indocement General Manager AFAM • Indocement General Manager of AFAM
(2022–2023)
Riwayat Pekerjaan • Indocement General Manager Energy & AFAM • (2022–2023)
Work Experience (2023–2024) • Indocement General Manager of Energy & AFAM
• Indocement Procurement & AFAM General (2023–2024)
Manager (2024–sekarang) • Indocement Procurement & AFAM General
• Dewan Pengawas Dana Pensiun Karyawan Manager (2024–present)
Indocement (2018–sekarang) • Supervisory Board of Employee Pension Fund at
• Komite Pemantau Resiko Dana Pensiun Indocement (2018–present)
Karyawan Indocement (2022–sekarang) • Risk Monitoring Committee of Employee
• Direktur di berbagai anak perusahaan Pension Fund at Indocement (2022–present)
Indocement (2018–sekarang) • Director in various Indocement subsidiaries
(2018–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Incoterms Internal Procurement Division Training Indocement Bogor, 12 Februari
Bogor, 12 February
Pelatihan Kesadaran tentang Keragaman dan Inklusi Indocement Bogor, 6 Maret
Awareness About Diversity & Inclusion Training Bogor, 6 March
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 26 Maret
Pelatihan di 2025 Computer Security Awareness Training Workday, 26 March
Training in 2025
Pelatihan Kesadaran Keamanan Komputer Indocement Workday, 16 Mei
Computer Security Awareness Training Workday, 16 May
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Preventing Corruption at Heidelbergcement Workday, 25 August
LCC Week: Mempertahankan Pertumbuhan Melalui Indocement Bogor, 18 September
Tata Kelola Hukum
LCC Week: Sustaining Growth Through Legal
Governance
Nama
Name Sie Ngoh
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 54 Tahun
Age 54 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
• Sarjana Teknik, Universitas Katolik Parahyangan • Bachelor of Engineering, Universitas Katolik
Riwayat Pendidikan (1991–1995) Parahyangan (1991–1995)
Educational Background • Magister Bisnis Administrasi, TSM Business • Master of Business Administration, TSM Business
School, Twente Universiteit (1999–2001) School, Twente Universiteit (1999–2001)
• Indocement Distribution Network Division • Indocement Distribution Network Division
Manager (2016–2023) Manager (2016–2023)
• Indocement Logistic Division Manager • Indocement Logistic Division Manager
(2023–sekarang) (2023–present)
• Direktur Utama PT Multi Bangun Galaxy • President Director of PT Multi Bangun Galaxy
Riwayat Pekerjaan (2023–sekarang) (2023–present)
Work Experience • Direktur Utama PT Lintas Bahana Abadi • President Director of PT Lintas Bahana Abadi
(2023–sekarang) (2023–present)
• Direktur Utama PT Bahana Indonor • President Director of PT Bahana Indonor
(2023–sekarang) (2023–present)
• Wakil Direktur Utama PT Jaya Berdikari Cipta • Vice President Director of PT Jaya Berdikari
(2024–sekarang) Cipta (2024–present)
314 Laporan Tahunan 2025 Annual Report
Page 315
Tata Kelola Perusahaan
Corporate Governance
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran tentang Keragaman dan Inklusi Indocement Bogor, 6 Maret
Awareness About Diversity & Inclusion Training Bogor, 6 March
Pelatihan Kesadaran Keselamatan Indocement Bogor, 13 Maret
Safety Awareness Training Bogor, 13 March
Pelatihan di 2025
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 26 Maret
Training in 2025
Computer Security Awareness Training Workday, 26 March
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 29 April
Group Ethics Compliance Training
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 31 Juli
Preventing Corruption at Heidelbergcement Workday, 31 July
LCC Week: Mempertahankan Pertumbuhan Melalui Indocement Bogor, 18 September
Tata Kelola Hukum
LCC Week: Sustaining Growth Through Legal
Governance
Nama
Name Robert Sweigart
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 51 Tahun
Age 51 Years
Kewarganegaraan Amerika Serikat
Citizenship American
Domisili Indonesia
Domicile
Riwayat Pendidikan Sarjana Teknik Kimia, Lehigh University (1996)
Educational Background Bachelor of Science in Chemical Engineering, Lehigh University (1996)
• Commissioning Engineer, FLSmidth, Amerika • Commissioning Engineer, FLSmidth, USA
Serikat (1996–2001) (1996–2001)
• Senior Process Engineer, FLSmidth, Amerika • Senior Process Engineer, FLSmidth, USA
Serikat (2001–2005) (2001–2005)
• Process Engineer, Lafarge Asia Technical Center, • Process Engineer, Lafarge Asia Technical Center,
Riwayat Pekerjaan Malaysia (2006–2010) Malaysia (2006–2010)
Work Experience • Team Leader Process & Environment, Lafarge • Team Leader Process & Environment, Lafarge
Asia Technical Center, Malaysia (2010–2014) Asia Technical Center, Malaysia (2010–2014)
• Senior Process Engineer, Heidelberg Technology • Senior Process Engineer, Heidelberg Technology
Center Indonesia (2014–2023) Center Indonesia (2014–2023)
• Head di Heidelberg Technology Center • Head of Heidelberg Technology Center
Indonesia (2023–sekarang) Indonesia (2023–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 10 Maret
Computer Security Awareness Training Workday, 10 March
Pelatihan di 2025 Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 1 Mei
Training in 2025 Group Ethics Compliance Training Workday, 1 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 5 Agustus
Preventing Corruption at Heidelbergcement Workday, 5 August
Lokakarya Bahan Bakar Alternatif Heidelberg Materials 24 September
Alternative Fuels Workshop
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 28 November
Computer Security Awareness Training
Laporan Tahunan 2025 Annual Report 315
Page 316
Nama
Name Budiono Hendranata
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 69 Tahun
Age 69 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Semarang
Domicile
• Sarjana Kimia, Institut Teknologi Bandung • Bachelor of Chemistry, Institut Teknologi
Riwayat Pendidikan (1975–1980) Bandung (1975–1980)
Educational Background • Magister Bisnis Administrasi, PPM School of • Master of Business Administration, PPM School
Management (1991–1992) of Management (1991–1992)
Riwayat Pekerjaan • General Manager Indocement Kompleks Pabrik • General Manager of Indocement, Cirebon
Work Experience Cirebon Factory
• Direktur Teknik PT Semen Grobogan • Technical Director of PT Semen Grobogan
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran Keamanan Komputer Indocement Bogor, 6 Maret
Computer Security Awareness Training Bogor, 6 March
Pelatihan di 2025
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 26 Maret
Training in 2025
Computer Security Awareness Training Workday, 26 March
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Preventing Corruption at Heidelbergcement Workday, 25 August
316 Laporan Tahunan 2025 Annual Report
Page 317
Tata Kelola Perusahaan
Corporate Governance
Nama
Name Budi Hartono
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 57 Tahun
Age 57 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Makassar
Domicile
• Sarjana Teknik, Institut Teknologi Sepuluh • Bachelor of Engineering, Institut Teknologi
Riwayat Pendidikan Nopember Sepuluh Nopember
Educational Background • Magister Ilmu Material, Universitas Indonesia • Master of Material Science, Universitas
Indonesia
• Indocement Junior Engineer Process Control • Indocement Junior Engineer Process Control
Department (1997–1999) Department (1997–1999)
• Indocement Engineer Process Control • Indocement Engineer Process Control
Department (1999–2005) Department (1999–2005)
• Indocement Superintendent Process Control • Indocement Superintendent Process Control
Department (2005–2010) Department (2005–2010)
Riwayat Pekerjaan • Indocement Process Control Department Head • Indocement Process Control Department Head
Work Experience (2010–2011) (2010–2011)
• Indocement Plant 7–8 Production Department • Indocement Plant 7–8 Production Department
Head (2011–2016) Head (2011–2016)
• Indocement Plant 7–8 Manager (2016–2019) • Indocement Plant 7–8 Manager (2016–2019)
• Indocement QARD Manager (2019–2022) • Indocement QARD Manager (2019–2022)
• General Manager Kompleks Pabrik Maros and • General Manager of Maros Factory and
Grinding Mill Banyuwangi (2022–sekarang) Banyuwangi Grinding Mill (2022–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 25 Maret
Computer Security Awareness Training Workday, 25 March
Pelatihan di 2025 Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Training in 2025 Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Preventing Corruption at Heidelbergcement Workday, 25 August
IMI Cares You - Intergenerational Leadership: Ikatan Manajemen Daring, 19 November
Kolaborasi Peduli Lintas Generasi Untuk Tantangan Indocement (IMI) Online, 19 November
Global
IMI Cares You – Intergenerational Leadership:
Collaborative Care Across Generations for Global
Challenges
Nama
Name Thomas Suryadi
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 56 Tahun
Age 56 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
Riwayat Pendidikan Sarjana Akuntansi, Universitas Tarumanegara
Educational Background Bachelor of Accounting, Universitas Tarumanegara
Laporan Tahunan 2025 Annual Report 317
Page 318
• Berbagai posisi keuangan di Indocement • Various finance positions at Indocement
(1994–2013) (1994–2013)
• Head Corporate Finance, Treasury, Reporting • Indocement Head of Corporate Finance,
dan Investor Relation Indocement (2006–2013) Treasury, Reporting, and Investor Relations
Riwayat Pekerjaan • CFO PT Pionirbeton Indutri (2011–2013) (2006–2013)
Work Experience • Indocement Deputy CFO (2011–2013) • CFO at PT Pionirbeton Industri (2011–2013)
• CEO Bisnis Agregat di Indocement (2013–2018) • Indocement Deputy CFO (2011–2013)
• Direktur Utama PT Pionirbeton Industri (2013– • CEO of Aggregate Business at Indocement
sekarang) (2013–2018)
• President Director of PT Pionirbeton Industri
(2013–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan di 2025 Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 25 Maret
Training in 2025 Computer Security Awareness Training Workday, 25 March
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Preventing Corruption at Heidelbergcement Workday, 25 August
Nama
Name Jimmy Dharmawan L.
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 50 Tahun
Age 50 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
• Sarjana Akutansi, Universitas Katolik Atma Jaya • Bachelor of Accounting, Universitas Katolik
Riwayat Pendidikan (2010) Atma Jaya (2010)
Educational Background • Sertifikasi-Associate Certified Public • Certification-Associate Certified Public
Accountant of Indonesia (ACPAI) Accountant of Indonesia (ACPAI)
• Indocement Plant Controller Department Head • Indocement Plant Controller Department Head
(2008–2018) (2008–2018)
• Direktur Keuangan PT Mineral Industri • Finance Director of PT Mineral Industri
Sukabumi (2014–2023) Sukabumi (2014–2023)
• Direktur Keuangan PT Cipta Perkasa Indoalam • Finance Director of PT Cipta Perkasa Indoalam
(2017–2023) (2017–2023)
Riwayat Pekerjaan • Direktur Keuangan PT Tarabatuh Manunggal • Finance Director of PT Tarabatuh Manunggal
Work Experience (2018–2023) (2018–2023)
• Direktur Keuangan PT Pionirbeton Industri • Finance Director of PT Pionirbeton Industri
(2019–2023) (2019–2023)
• Direktur Utama PT Tarabatuh Manunggal • President Director of PT Tarabatuh Manunggal
(2023–sekarang) (2023–present)
• Direktur Utama PT Mandiri Sejahtera Sentra • President Director of PT Mandiri Sejahtera
(2023–sekarang) Sentra (2023–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan di 2025 Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Training in 2025 Group Ethics Compliance Training Workday, 28 May
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 30 April
Computer Security Awareness Training
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Preventing Corruption at Heidelbergcement Workday, 25 August
318 Laporan Tahunan 2025 Annual Report
Page 319
Tata Kelola Perusahaan
Corporate Governance
Nama
Name Mochammad Nur
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 48 Tahun
Age 48 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Bogor
Domicile
• Sarjana Teknik Pertambangan, Universitas • Bachelor of Mining Engineering, Universitas
Pembangunan Nasional-UPN (1996–2002) Pembangunan Nasional-UPN (1996–2002)
• Magister Teknik Lingkungan, Institut Teknologi • Master of Environmental Engineering, Institut
Adhi Tama Surabaya-ITATS (2012–2015) Teknologi Adhi Tama Surabaya-ITATS
Riwayat Pendidikan • Certified Aggregate Manager’s Course, Leicester (2012–2015)
Educational Background University (2016–2017) • Certified Aggregate Manager’s Course, Leicester
• Program Doktor Pengelolaan Sumberdaya Alam University (2016–2017)
dan Lingkungan (PSL), Sekolah Pascasarjana • Doctoral Program in Natural Resources and
(SPs), IPB University (2025–Sekarang) Environmental Management (PSL), Graduate
School (SPs), IPB University (2025–Present)
• Engineer of Underground Field Engineering di • Engineer of Underground Field Engineering in
PT Freeport Indonesia (2003–2007) PT Freeport Indonesia (2003–2007)
• Chief Engineer, Underground Field Engineering • Chief Engineer, Underground Field Engineering
di PT Freeport Indonesia (2007–2008) of PT Freeport Indonesia (2007–2008)
• Quarry Superintendent PT Holcim Indonesia • Quarry Superintendent of PT Holcim Indonesia
Riwayat Pekerjaan (2008–2011) (2008–2011)
Work Experience • Quarry Manager PT Holcim Indonesia • Quarry Manager of PT Holcim Indonesia
(2011–2012) (2011–2012)
• Senior Quarry Manager PT Holcim Indonesia • Senior Quarry Manager of PT Holcim Indonesia
(2012–2023) (2012–2023)
• Direktur Operasional PT Tarabatuh Manunggal • Director of Operations of PT Tarabatuh
dan PT Mandiri Sejahtera Sentra Manunggal and PT Mandiri Sejahtera Sentra
(2023–sekarang) (2023–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan LOTOTO Indocement Daring, Februari
Pelatihan di 2025 LOTOTO Training Online, February
Training in 2025
Pelatihan Investigasi Insiden Tarabatuh Manunggal Bogor, April
Incident Investigation Training
Seminar Reklamasi Tambang IPB University Daring, November
Mine Reclamation Seminar Online, November
Nama
Name Elman Rudolf P.
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 56 Tahun
Age 56 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
Riwayat Pendidikan Sarjana Teknik, Universitas Indonesia (1989–1994)
Educational Background Bachelor of Engineering, Universitas Indonesia (1989–1994)
Laporan Tahunan 2025 Annual Report 319
Page 320
• Indocement Junior Engineer Electrical • Indocement Junior Engineer Electrical
(1997–2000) (1997–2000)
• Indocement Engineer Electrical (2000–2003) • Indocement Engineer Electrical (2000–2003)
• Indocement Plant 7–8 Superintendent • Indocement Plant 7–8 Superintendent
(2002–2008) (2002–2008)
• Indocement Electronic & Electrical Technical • Indocement Electronic & Electrical Technical
Riwayat Pekerjaan Service Divison Dept. Head (2008–2012) Service Divison Dept. Head (2008-2012)
Work Experience • Indocement Plant 14 Electronic & Electrical • Indocement Plant 14 Electronic & Electrical
(2012–2017) (2012–2017)
• Indocement Plant 1–2 Manager (2017–2018) • Indocement Plant 1–2 Manager (2017–2018)
• Indocement Plant 7–8 Manager (2018–2019) • Indocement Plant 7–8 Manager (2018–2019)
• Indocement Plant 6&11 Manager (2019–2023) • Indocement Plant 6 &11 Manager (2019–2023)
• Indocement Deputy General Manager • Indocement Deputy General Manager of
Operation Kompleks Pabrik Citeureup Operation, Citeureup Factory (2023–present)
(2023–sekarang)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran tentang Keragaman dan Inklusi Indocement Bogor, 6 Maret
Awareness About Diversity & Inclusion Training Bogor, 6 March
Hari Pelanggan Calderys & Perayaan Ulang Tahun PT Calderys Bali, 21 Mei
ke-50 PT Indoporlen Bali, 21 May
Calderys Customer Day & The 50th Anniversary
Celebration of PT Indoporlen
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Pelatihan di 2025 Group Ethics Compliance Training Workday, 28 May
Training in 2025
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 30 April
Computer Security Awareness Training
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 31 Juli
Preventing Corruption at Heidelbergcement Workday, 31 July
IQOPS 2025 Indocement Bogor, 28 Agustus
Bogor, 28 August
LCC Week: Mempertahankan Pertumbuhan Melalui Indocement Bogor, 18 September
Tata Kelola Hukum
LCC Week: Sustaining Growth Through Legal
Governance
Talkshow : AI Dalam Dunia Kerja Kita Indocement Bogor, 7 November
Talkshow: AI in Our Workplace
Nama
Name Retnawan Widhiantoro
Jabatan Anggota Komite Keselamatan
Position Member of Safety Committee
Usia 57 Tahun
Age 57 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Bogor
Domicile
Riwayat Pendidikan Sarjana Teknik Elektro, Universitas Diponegoro (1987–1993)
Educational Background Bachelor of Electrical Engineering, Diponegoro University (1987–1993)
• Indocement Junior Engineer Electrical • Indocement Junior Engineer Electrical
Department (1996–1997) Department (1996–1997)
• Indocement Superintendent Electrical • Indocement Superintendent Electrical
Department (1998–2001) Department (1998–2001)
• Indocement Planner Electrical Department • Indocement Planner Electrical Department
(2002–2003) (2002–2003)
Riwayat Pekerjaan • Indocement Department Head Electrical • Indocement Department Head Electrical
Work Experience Department (2003–2012) Department (2003–2012)
• Indocement Vice Manager Plant 3–4 (2012–2016) • Indocement Vice Manager Plant 3–4 (2012–2016)
• Indocement Plant Manager (2016-2019) • Indocement Plant Manager (2016-2019)
• Indocement General Manager Kompleks Pabrik • Indocement General Manager Tarjun Factory
Tarjun (2019–2023) (2019–2020)
• Indocement Deputy General Manager • Indocement Deputy General Manager
Operation Support Kompleks Pabrik Citeureup Operations Support, Citeureup Factory
(2023–sekarang) (2023–present)
320 Laporan Tahunan 2025 Annual Report
Page 321
Tata Kelola Perusahaan
Corporate Governance
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran tentang Keragaman dan Indocement Bogor, 6 February
Inklusi Bogor, 6 February
Awareness About Diversity & Inclusion Training
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 25 Maret
Computer Security Awareness Training Workday, 25 March
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Pelatihan di 2025 Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Training in 2025 Preventing Corruption at Heidelbergcement Workday, 25 August
IQOPS 2025 Indocement Bogor, 28–29 Agustus
Bogor, 28–29 August
LCC Week: Mempertahankan Pertumbuhan Melalui Indocement Bogor, 18 September
Tata Kelola Hukum
LCC Week: Sustaining Growth Through Legal
Governance
IMI Cares You - Intergenerational Leadership: Ikatan Manajemen Daring, 19 November
Kolaborasi Peduli Lintas Generasi Untuk Tantangan Indocement (IMI) Online, 19 November
Global
IMI Cares You – Intergenerational Leadership:
Collaborative Care Across Generations for Global
Challenges
Rapat Komite Keselamatan Safety Committee’s Meetings
Sepanjang 2025, Komite Keselamatan melaksanakan Throughout 2025, the Safety Committee held four
rapat sebanyak empat kali dengan rincian sebagai meetings, with details as follows:
berikut:
Tanggal Peserta
No. Agenda
Date Participants
1. 13 Januari 2025 • Melakukan BOD SHE Walk 20 peserta
13 January 2025 • Evaluasi insiden kecelakan fatal di grup (Bangladesh) 20 participants
• Revisi Life Saving Rules
• Peninjauan Group Action 2024
• Menetapkan target Group Action 2025
• Conduct BOD SHE Walk Around
• Group fatality incident review (Bangladesh)
• Life Saving Rules revision
• Review Group Action 2024
• Prepare Group Action 2025 target
2. 30 April 2025 • Melakukan BOD SHE Walk 20 peserta
• Meninjau kinerja keselamatan serta kemajuan Group Action 2025 20 participants
• Evaluasi insiden kecelakaan fatal di Grup
• Berbagi praktik terbaik di Heidelberg Materials China
• Conduct BOD SHE Walk
• Review safety performance and Group Action 2025 Progress
• Group fatality incidents action plans
• Heidelberg Materials China’s best practice sharing
Laporan Tahunan 2025 Annual Report 321
Page 322
Tanggal Peserta
No. Agenda
Date Participants
3. 23 Juli 2025 • Melakukan BOD SHE Walk 20 peserta
23 July 2025 • Sosialisasi pesan dari Anggota Managing Board Heidelberg Materials 20 participants
Roberto Callieri
• Sosialisasi kebijakan K3 baru Grup dan pesan penting dari Chairman
of the Managing Board Heidelberg Materials Dr Dominik von Achten
• Peningkatan Keselamatan dari Asia HM H&S
• Peninjauan Safety Performance dan Group Action 2025
• Conduct BOD SHE Walk Around
• Dissemination of the message from Heidelberg Materials Managing
Board Member, Roberto Callieri
• New Group OHS Policy and CEO Key Message dissemination
• Dissemination of Group OHS new policy and an important message
from dari Chairman of Managing Board of Heidelberg Materials,
Dr Dominik von Achten
• Asia HM H&S Safety Improvement
• Safety Performance and Group Action 2025 progress review
4. 28 Oktober 2025 • Melakukan BOD SHE Walk 19 peserta
28 October 2025 • Evaluasi 11 insiden kecelakaan fatal di Grup 19 participants
• Revisi form dan implementasi dynamic risk assessment (DRA)
• Forum Kepemimpinan Keselamatan: Budaya Keselamatan
• Conduct BOD SHE Walk Around
• Review 11 Group fatality incident
• revision of form and implementation of DRA
• Safety Leadership Forum: Safety Culture
Pelaksanaan Tugas Komite Keselamatan Implementation of Safety Committee’s Duties
Hingga akhir 2025, pelaksanaan tugas Komite Until the end of 2025, the duty implementation of
Keselamatan Indocement adalah sebagai berikut: Safety Committee at Indocement was as follows:
1. Merumuskan Kebijakan K3 Indocement; 1. Composed Indocement’s OHS Policy;
2. Merumuskan, meninjau dan evaluasi implementasi 2. Composed, reviewed and evaluated the Life
Peraturan Keselamatan Jiwa; Saving Rules;
3. Merumuskan, memfasilitasi dan memantau 3. Composed, facilitated, and reviewed the
pelaksanaan Group Action 2021–2025; implementation of Group Actions 2021–2025;
4. Merumuskan pelaksanaan Penilaian Risiko 4. Composed the implementation of Dynamic Risk
Dinamis; Assessment;
5. Melaksanakan BOD SHE Walk untuk memberikan 5. Implemented BOD SHE Walks to encourage all
semangat kepada semua karyawan untuk employees/workers to implement better OHS;
menerapkan K3 lebih baik; 6. Reviewed Fatality Incidents within the Group and
6. Melakukan evaluasi insiden kecelakaan fatal di implemented mitigation measures to prevent
Grup dan melakukan mitigasi agar tidak terjadi recurrence at Indocement;
di Indocement; 7. Adopted improvements from other countries to
7. Mengadopsi Improvement di negara lain untuk be implemented at Indocement.
diterapkan di Indocement.
Komite Etika Ethics Committee
Komite Etika adalah komite yang dibentuk di Ethics Committee is a committee established
bawah Direksi berdasarkan Keputusan Direksi under the Board of Directors based on Board of
Nomor 019/Kpts/Dir/ITP/XI/2018 yang bertugas untuk Directors Decision No. 019/Kpts/Dir/ITP/XI/2018 that
memastikan bahwa Pedoman Etika Indocement is in charge of ensuring that Indocement’s Code of
telah dilaksanakan dengan baik pada setiap jenjang Conduct is properly implemented at all levels of
organisasi. Tujuan utama Komite Etika adalah untuk the organization. The primary purpose of the Ethics
melakukan pengawasan pelaksanaan Pedoman Committee is to oversee the implementation of
Etika dan memberikan pertimbangan etik jika terjadi Code of Conduct and provide ethical judgment for
pelanggaran pelaksanaan pedoman etika. any ethical guideline violation.
322 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Dasar Hukum Legal Basis
1. Anggaran Dasar Perseroan; 1. Company’s Articles of Association;
2. Keputusan Direksi Nomor 007/Kpts/ITP/V/2006 2. Board of Directors’ Decision No. 007/Kpts/
tanggal 30 Mei 2006 perihal Kebijakan Etika ITP/V/2006 dated 30 May 2006 on Employees
Karyawan; Code of Conduct;
3. Keputusan Direksi Nomor 020/Kpts/Dir/ITP/ 3. Board of Directors’ Decision No. 020/Kpts/Dir/
XI/2018 tanggal 1 November 2018 perihal Komite ITP/XI/2018 dated 1 November 2018 on the Ethics
Etika; Committee;
4. Keputusan Direksi Nomor 013/Kpts/Dir/ITP/ 4. Board of Directors’ Decision No. 013/Kpts/Dir/
VII/2023 tanggal 7 Juli 2023 perihal Revisi ITP/VII/2023 dated 7 July 2023 on Revision of
Pedoman Etika Indocement; Indocement Code of Conduct;
5. Keputusan Direksi Nomor 017/Kpts/Dir/ITP/ 5. Board of Directors’ Decision No. 017/Kpts/Dir/ITP/
III/2024 tanggal 22 Maret 2024 perihal Perubahan III/2024 dated 22 March 2024 on Changes to the
Susunan Komite Etika; Composition of the Ethics Committee;
6. Keputusan Direksi Nomor 019/Kpts/Dir/ITP/ 6. Board of Directors’ Decision No. 019/Kpts/Dir/
III/2024 tanggal 22 Maret 2024 perihal Piagam ITP/III/2024 dated 22 March 2024 on the Ethics
Komite Etika. Committee Charter.
Struktur dan Komposisi Komite Etika Structure and Composition of Ethics Committee
Pada 2025, dilakukan perubahan personel pada In 2025, changes were made to the personnel
Komite Etika guna menindaklanjuti pergantian of Ethics Committee in order to follow up on
pejabat di Perseroan. Struktur Komite Etika terbagi the changes to officials in the Company. Ethics
atas anggota permanen dan anggota non permanen, Committee structure is divided into permanent and
dimana anggota non permanen akan diundang non-permanent members, wherein non-permanent
dalam rapat Komite Etika hanya ketika diperlukan. members will be invited to Ethics Committee
Keanggotaan Komite Etika melekat pada jabatan meetings only when necessary. Ethics Committee’s
bukan pada personal. membership is attached to a position, not a person.
Struktur dan Komposisi Komite Etika Korporat Structure and composition of the Ethics Committee
adalah sebagai berikut: are as follows:
Ketua Christian Kartawijaya - Direktur Utama | President Director
Chairman
Sekretaris Dani Handajani - Sekretaris Perusahaan | Corporate Secretary
Secretary
• Oey Marcos – Direktur | Director
• Sunnira Ly – Direktur | Director
Anggota Permanen • Hasan Imer – Direktur | Director
Permanent Members • Troy Dartojo Soputro – Direktur | Director
• Holger Mørch – Direktur | Director
• Thomas Suryadi – Direktur Utama Beton Siap-Pakai | President Director of Ready-Mix Concrete
• Jimmy Dharmawan L. – Direktur Utama Agregat | President Director of Aggregate
• Yuliana – Internal Audit Division Manager
• Yulius Hadi Wijaya – Corporate Human Capital Division Manager
• Arief Rahman Hakim – Corporate Safety Health and Environment Manager
Anggota Non-Permanen • Setia Wijaya – General Manager Kompleks Pabrik Citeureup | General Manager of Citeureup Factory
Non-Permanent Members • Katon Primanto – General Manager Kompleks Pabrik Cirebon | General Manager of Cirebon Factory
• Agus F. Rasad – General Manager Kompleks Pabrik Tarjun | General Manager of Tarjun Factory
• Corporate Legal and Compliance Manager
• Undangan khusus (jika diperlukan) | Special invitations (if necessary)
Laporan Tahunan 2025 Annual Report 323
Page 324
Tanggung Jawab Komite Etika Responsibilities of Ethics Committee
1. Melakukan peninjauan dan memberikan usulan 1. Conducting review and proposing changes to the
perubahan Pedoman Etika Indocement (bila Indocement Code of Conduct (if necessary);
diperlukan); 2. Jointly with relevant divisions, disseminating
2. Bersama-sama dengan divisi terkait, melakukan Indocement Code of Conduct to the Company’s
sosialisasi Pedoman Etika Indocement kepada Personnel;
Insan Perseroan; 3. Providing input to the Board of Directors on
3. Memberikan masukan kepada Direksi terkait the execution and issues arising from the
pelaksanaan dan isu yang timbul dalam implementation of Indocement Code of Conduct;
pelaksanaan Pedoman Etika Indocement; 4. Monitoring and evaluating the implementation of
4. Melakukan pengawasan dan evaluasi atas Indocement Code of Conduct; and
penerapan Pedoman Etika Indocement; dan 5. Jointly with relevant divisions, conducting
5. Bersama-sama dengan divisi terkait, melakukan self-assessment of the Company Personnel
self-assessment pemahaman Insan Perseroan understanding of Indocement Code of Conduct.
atas Pedoman Etika Indocement.
Profil Komite Etika
Ethics Committee Profile
Nama
Name Christian Kartawijaya
Jabatan Ketua Komite Etika
Position Chairman of Ethics Committee
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Dani Handajani
Jabatan Sekretaris Komite Etika
Position Secretary of Ethics Committee
Profil beliau dapat dilihat pada bagian Profil Sekretaris Perusahaan pada laporan ini
Her profile can be found in the Corporate Secretary Profile section of this Annual Report
Nama
Name Oey Marcos
Jabatan Anggota Permanen
Position Permanent Member
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Sunnira Ly
Jabatan Anggota Permanen
Position Permanent Member
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Hasan Imer
Jabatan Anggota Permanen
Position Permanent Member
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
324 Laporan Tahunan 2025 Annual Report
Page 325
Tata Kelola Perusahaan
Corporate Governance
Nama
Name Troy Dartojo Soputro
Jabatan Anggota Permanen
Position Permanent Member
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Holger Mørch
Jabatan Anggota Permanen
Position Permanent Member
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Thomas Suryadi
Jabatan Anggota Permanen
Position Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Jimmy Dharmawan L.
Jabatan Anggota Permanen
Position Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Yuliana
Jabatan Anggota Non-Permanen
Position Non-Permanent Member
Profil beliau dapat dilihat pada bagian Profil Audit Internal di Bab Tata Kelola Perusahaan pada laporan ini
Her profile can be seen in the Internal Audit Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Yulius Hadi Wijaya
Jabatan Anggota Non-Permanen
Position Non-Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Nominasi dan Remunerasi di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Nomination and Remuneration Committee Profile section in the Good Corporate Governance
Chapter of this Annual Report
Nama
Name Arief Rahman Hakim
Jabatan Anggota Non-Permanen
Position Non-Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Setia Wijaya
Jabatan Anggota Non-Permanen
Position Non-Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Laporan Tahunan 2025 Annual Report 325
Page 326
Nama
Name Katon Primanto
Jabatan Anggota Non-Permanen
Position Non-Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Agus F. Rasad
Jabatan Anggota Non-Permanen
Position Non-Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Rapat Komite Etika Ethics Committee’s Meetings
Sepanjang 2025, Komite Etika melaksanakan rapat Throughout 2025, the Ethics Committee held one
sebanyak satu kali dengan rincian sebagai berikut: meeting with details as follows:
Tanggal Peserta
No. Agenda
Date Participants
1. 11 November 2025 • Aktivitas Komite Etika di 2025 Seluruh anggota permanen Komite Etika
• Rencana kegiatan 2026 All permanent members of the Ethics
• Ethics Committee Activities in 2025 Committee
• Activity Plan for 2026
Laporan Pelaksanaan Tugas Komite Etika Report on Implementation of Ethics Committee’s
Duties
1. Resosialisasi ulang Kebijakan Grup tentang 1. The resocialization of the Group Policy on
Hukum Persaingan Usaha, dilakukan dengan Competition Law was carried out by creating
membuat infografis yang dipublikasikan di an infographic published on the Intranet on 8
Intranet pada tanggal 8 Januari 2025; January 2025;
2. Kebijakan Anti-Korupsi Grup disosialisasikan 2. The Group Anti-Corruption Policy was
kembali dan dipublikasikan melalui intranet resocialization and published via the intranet on:
pada: a. 24 June 2025 (to commemorate Anti-
a. 24 Juni 2025 (untuk memperingati Hari Anti- Corruption Day)
Korupsi) b. 2 September 2025
b. 2 September 2025 3. Circulated “Conflict of Interest Statement”
3. Mengedarkan form Pernyataan “Tidak memiliki forms, which must be completed by Company
Benturan Kepentingan”, yang wajib diisi oleh Personnel;
Insan Perseroan; 4. Together with relevant divisions, completed
4. Bersama-sama dengan divisi terkait e-Learning on Competition Law, Compliance
menyelesaikan e-Learning tentang Competition Basics, and Preventing Corruption Module for
Law, Compliance Basic dan Preventing Corruption employees;
Modul untuk karyawan; 5. Monitored reports submitted to SpeakUp,
5. Melakukan monitoring atas pelaporan yang including the investigation and resolution
masuk dalam SpeakUp, termasuk untuk proses process. The number of reports submitted to
investigasi dan penyelesaiannya. Jumlah laporan SpeakUp throughout 2025 was 28, with full
yang masuk dalam SpeakUp sepanjang 2025 details available on page 385-387 of this Annual
sebanyak 28 laporan, dengan perincian lengkap Report;
terdapat dalam halaman 385-387 Laporan 6. Together with Internal Audit Division, conducted
Tahunan ini; annual survey regarding the implementation of
6. Bersama dengan Divisi Audit Internal melakukan Indocement Code of Conduct.
survey tahunan terkait implementasi Indocement
Code of Conduct.
326 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Komite ESG ESG Committee
Komite ESG adalah komite yang dibentuk di bawah ESG Committee is a committee established under
Direksi berdasarkan Keputusan Direksi Nomor the Board of Directors, based on Board of Directors
020/Kpts/Dir/ITP/XI/2021, yang bertugas untuk Decision No. 020/Kpts/Dir/ITP/XI/2021, that is in
memastikan keselarasan praktik bisnis Indocement charge of ensuring the alignment of Indocement’s
dengan komitmen Perseroan terhadap pembangunan business practices with the Company’s commitment
berkelanjutan dalam aspek sosial, ekonomi, to sustainable development in social, economic,
lingkungan, dan tata kelola, terutama meningkatkan environmental, and governance aspects, particularly
nilai-nilai perusahaan dalam jangka panjang dan increasing corporate values in the long-term and
mempromosikan pengelolaan LST secara strategis. promoting strategic ESG management.
Dasar Hukum Legal Basis
1. Peta jalan SDGs 2030 Indonesia yang diterbitkan 1. Indonesia’s 2030 SDGs roadmap published by
oleh Kementerian Perencanaan Pembangunan the Ministry of National Development Planning/
Nasional/Badan Perencanaan Pembangunan National Development Planning Agency;
Nasional; 2. Sustainable Finance roadmap in Indonesia
2. Peta jalan Keuangan Berkelanjutan di Indonesia published by the Financial Services Authority;
yang diterbitkan oleh Otoritas Jasa Keuangan; 3. Indonesian Corporate Governance roadmap
3. Peta jalan Tata Kelola Perusahaan Indonesia yang published by the Financial Services Authority;
diterbitkan oleh Otoritas Jasa Keuangan; 4. Heidelberg Materials Group’s SC2030 roadmap;
4. Peta jalan SC2030 Heidelberg Materials Group; 5. The Company Board of Directors’ meeting on 22
5. Rapat Direksi Perseroan tanggal 22 Oktober 2021; October 2021;
6. Surat Keputusan Direksi Nomor 020/Kpts/Dir/ 6. Board of Directors’ Decision Letter No. 020/
ITP/XI/2021 tanggal 30 November 2021 tentang Kpts/Dir/ITP/XI/2021 dated 30 November 2021 on
Komite Environmental Social Governance; Environmental Social Governance Committee;
7. Surat Keputusan Direksi Nomor 015/Kpts/Dir/ 7. Board of Directors’ Decision Letter No. 015/Kpts/
ITP/III/2024 tentang Perubahan Susunan Komite Dir/ITP/III/2024 on Changes to the Composition
Environmental, Social and Governance; of Environmental, Social, and Governance
8. Surat Keputusan Direksi Nomor 016/Kpts/Dir/ITP/ Committee;
III/2024 tentang Piagam Komite Environmental, 8. Board of Directors’ Decision Letter No. 016/Kpts/
Social and Governance. Dir/ITP/III/2024 on Environmental, Social, and
Governance Committee Charter.
Susunan Keanggotaan
Composition Structure
Anggota Executive Committee
Executive Committee Members
Dewan Pengarah • Christian Kartawijaya
Advisory Board • Hasan Imer
• Troy Dartojo Soputro
• Sunnira Ly
• Oey Marcos
Koordinator Holger Mørch
Coordinator Pejabat yang ditunjuk oleh Direktur Utama
Official appointed by the President Director
Sekretaris David Kumala
Secretary Investor Relation Manager
Holger Mørch
Peta Jalan CO2 Pejabat yang memiliki kompetensi dalam bidang peta jalan CO2 yang ditunjuk oleh Direktur
CO2 Roadmap Utama
Official with competence in the CO2 roadmap appointed by the President Director
• Troy Dartojo Soputro
Direktur yang membawahi Bidang Komersial
Produk Berkelanjutan Director in charge of Commercial Affairs
Sustainable Products
• Direktur Beton Siap-Pakai yang membawahi Bidang Teknik
Director of Ready-Mix Concrete in charge of Technical
Laporan Tahunan 2025 Annual Report 327
Page 328
Lingkungan, Air dan Arief Rahman Hakim
Keselamatan Corporate SHE Division Manager
Environment, Water, and
Safety
Land Use dan Resmita Kusprasetianty
Keanekaragaman Hayati Staf Divisi Mining
Land Use and Biodiversity Mining Division Staff
Corporate Social Gadang Wardono
Responsibility Corporate Social Responsibility Division Manager
• Thomas Suryadi
Direktur Utama Beton Siap-Pakai
Beton Siap-Pakai President Director of Ready-Mix Concrete
Ready-Mix Concrete
• Dr. Arvind Suryavanshi
Pejabat yang ditunjuk oleh Direktur Utama Beton Siap-Pakai
Official appointed by the President Director of Ready-Mix Concrete
Agregat Jimmy Dharmawan L.
Aggregate Direktur Utama Agregat
President Director of Aggregate
Governansi atau Tata Kelola Dani Handajani
Governance Sekretaris Perusahaan
Corporate Secretary
Roberto Predonzan
Overall Support Pejabat yang ditunjuk oleh Direktur Utama
Official appointed by the President Director
Tanggung Jawab Komite ESG Responsibilities of ESG Committee
1. Menyiapkan arah dan merumuskan strategi yang 1. Preparing direction and formulating effective
efektif sehubungan dengan ESG matters, dan strategies in relation to ESG matters, and
merekomendasikan kebijakan, rencana aksi, dan recommending policies, action plans, and
pengungkapan yang sesuai dengan strategi; disclosures in line with the strategy;
2. Menyiapkan suatu sistem ESG yang harmonis 2. Preparing harmonious ESG system and aligning
serta menyelaraskan tujuan dan target ESG; ESG objectives and targets;
3. Memberikan dukungan yang diperlukan untuk 3. Providing necessary support to ensure the
memastikan terlaksananya program peningkatan implementation of ESG quality improvement
kualitas ESG; programs;
4. Melaksanakan tugas yang relevan dengan tujuan 4. Performing duties relevant to ESG Committee’s
Komite ESG yang sewaktu-waktu diminta oleh objectives as requested by the Board of Directors
Direksi; from time to time;
5. Melakukan pengawasan terhadap pelaksanaan 5. Supervising ESG program implementation and
program ESG serta melakukan pengelolaan risiko managing the risks and impacts of ESG program
dan dampak dari pelaksanaan program ESG di in the Company;
Perseroan; 6. Assessing overall ESG program implementation
6. Melakukan penilaian penerapan program ESG and determining opportunities for improvements;
secara menyeluruh dan menentukan peluang and
untuk perbaikan; dan 7. Reporting to the Board of Directors at the end
7. Melaporkan kepada Direksi pada setiap akhir of each financial year on the implementation
tahun buku, atas pelaksanaan kerja Komite ESG of ESG Committee’s work along with the ESG
beserta pencapaian program ESG di Perseroan program achievements in the Company and
dan rekomendasi terkait program ESG Perseroan. recommendations related to the Company’s ESG
programs.
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Tata Kelola Perusahaan
Corporate Governance
Profil Anggota Komite ESG
Profile of ESG Committee Members
Nama
Name Christian Kartawijaya
Jabatan Dewan Pengarah
Position Advisory Board
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Hasan Imer
Jabatan Dewan Pengarah
Position Advisory Board
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Sunnira Ly
Jabatan Dewan Pengarah
Position Advisory Board
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Oey Marcos
Jabatan Dewan Pengarah
Position Advisory Board
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Holger Mørch
Jabatan Koordinator & Peta Jalan CO2
Position Coordinator & CO2 Roadmap
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name David Kumala
Jabatan Sekretaris
Position Secretary
Usia 50 Tahun
Age 50 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
• Sarjana Sains di bidang Teknik Industri dan • Bachelor of Science in Industrial Engineering
Riwayat Pendidikan Manajemen, Oklahoma State University and Management, Oklahoma State University
Educational (1993–1997) (1993–1997)
Background • Magister Bisnis Administrasi di Manajemen • Master of Business Administration in Finance
Keuangan dan Informasi, California State and Information Management, California State
Polytechnic University (1997–2001) Polytechnic University (1997–2001)
Laporan Tahunan 2025 Annual Report 329
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• Project Manager Assistant Atson Foods, City of • Project Manager Assistant of Atson Foods, City
Industry (1997–1998) of Industry (1997–1998)
• Logistics Management Trainee Toyota Motor • Logistics Management Trainee of Toyota Motor
Sales, Torrance (1999–2000) Sales, Torrance (1999–2000)
• Process Engineer, O’neil Product Development, • Process Engineer, O’neil Product Development,
Riwayat Pekerjaan Irvine (2000–2005) Irvine (2000–2005)
Work Experience • Vice President PT Zyrexindo Mandiri Buana • Vice President of PT Zyrexindo Mandiri Buana
(2005–2008) (2005–2008)
• General Manager Linc Solutions (Bagian dari PT • General Manager of Linc Solutions (Part of PT
Cipta Mapan Logistik) (2009) Cipta Mapan Logistik) (2009)
• Direktur Operasional PT Tarabatuh Manunggal • Director of Operations of PT Tarabatuh
dan PT Mandiri Sejahtera Sentra Manunggal and PT Mandiri Sejahtera Sentra
(2023–sekarang) (2023–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan Keamanan Siber Heidelberg Materials Workday, 6 Maret
Cyber Security Training Workday, 6 March
Pelatihan Dasar-Dasar Kepatuhan Heidelberg Materials Workday, 19 Mei
Compliance Basics Training Workday, 19 May
Pelatihan di 2025
Pelatihan Keamanan Siber Heidelberg Materials Workday, 15 Agustus
Training in 2025
Cyber Security Training Workday, 15 August
Pelatihan Kesadaran akan Bias Bawah Sadar Heidelberg Materials Workday, 28 Agustus
Unconscious Bias Awareness Training Workday, 28 August
Pelatihan Terarah Keamanan Siber: SDM | Hukum Heidelberg Materials Workday, 21 November
| Keuangan
Cyber Security Targeted Training: HR | Legal |
Finance
Nama
Name Troy Dartojo Soputro
Jabatan Dewan Pengarah & Produk Berkelanjutan
Position Advisory Board & Sustainable Products
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Arief Rahman Hakim
Jabatan Anggota Non Permanen
Position Non-Permanent Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Gadang Wardono
Jabatan Anggota Komite ESG - Tanggung Jawab Sosial Perusahaan
Position ESG Committee Member - Corporate Social Responsibility
Usia 56 Tahun
Age 56 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
• Sarjana Teknik Elektro, Universitas Brawijaya • Bachelor of Electrical Engineering, Universitas
Riwayat Pendidikan (1989–1995) Brawijaya (1989–1995)
Educational • Magister Manajemen, Universitas Mercu Buana • Master of Management, Universitas Mercu Buana
Background (2015–2017) (2015–2017)
• Doktoral Sains Manajemen, Universitas Pakuan • Doctor of Management Science, Universitas
(2018–2022) Pakuan (2018–2022)
• Indocement Electrical Department Head • Indocement Electrical Department Head
(2009–2019) (2009–2019)
Riwayat Pekerjaan • Indocement Senior Staff CSR Division • Indocement Senior Staff of CSR Division
Work Experience (2019–2020) (2019–2020)
• Indocement Corporate CSR Division Manager • Indocement Corporate CSR Division Manager
(2021–sekarang) (2021–present)
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Tata Kelola Perusahaan
Corporate Governance
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, 25 Maret
Computer Security Awareness Training Workday, 25 March
Pelatihan di 2025
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Training in 2025
Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Preventing Corruption at Heidelbergcement Workday, 25 August
LCC Week: Mempertahankan Pertumbuhan Indocement Bogor, 18 September
Melalui Tata Kelola Hukum
LCC Week: Sustaining Growth Through Legal
Governance
Nama
Name Thomas Suryadi
Jabatan Dewan Pengarah & Direktur Utama Beton Siap-Pakai
Position Advisory Board & President Director of Ready-Mix Concrete
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Dr. Arvind Suryavanshi
Jabatan Anggota Komite ESG - Beton Siap-Pakai
Position ESG Committee Member - Ready-Mix Concrete
Usia 68 Tahun
Age 68 Years
Kewarganegaraan India
Citizenship
Domisili Jakarta
Domicile
• Advanced Certificate in Training & Assessement • Advanced Certificate in Training & Assessement
(ACTA), Singapura, Singapore Workforce (ACTA), Singapore, Singapore Workforce
Development Agency (WDA), 2012 Development Agency (WDA), 2012
Riwayat Pendidikan • Doctor of Philosophy (PhD), University of • Doktor Filsafat (PhD), University of Manchester,
Educational Manchester, Manchester, Inggris, (1991–1994) Manchester, Inggris, (1991–1994)
Background • Master of Technology (M. Tech), Indian Institute • Magister Teknologi (M. Tech), Indian Institute of
of Technology, Mumbai, India, (1986–1988) Technology, Mumbai, India, (1986–1988)
• Bachelor of Engineering (B. Engg), Karnataka • Sarjana Teknik (B. Engg), Karnataka University,
University, India, (1974–1979) India, (1974–1979)
• Scientist C, National Institute of Oceanography • Scientist C, National Institute of Oceanography
(NIO), Goa, India (1982–1991) (NIO), Goa, India (1982–1991)
• Research Scholar, University of Manchester, • Research Scholar, University of Manchester,
Manchester, England (1991–1994) Manchester, England (1991–1994)
• Research Associate, The University of Sheffield, • Research Associate, The University of Sheffield,
Sheffield, England (1995–1997) Sheffield, England (1995–1997)
• Post Doctoral Fellow, National University of • Post Doctoral Fellow, National University of
Singapore (NUS) (1997–1999) Singapore (NUS) (1997–1999)
Riwayat Pekerjaan • Senior Engineer, Poh Cheong Concrete Pte. • Senior Engineer, Poh Cheong Concrete Pte. Ltd.,
Work Experience Ltd., Singapore (1999–2001) Singapore (1999–2001)
• Asst. Professor, Nanyang Technological • Asst. Professor, Nanyang Technological University
University (NTU), Singapore (2001–2003) (NTU), Singapore (2001–2003)
• Asst. Manager, SETSCO Service Pte. Ltd., • Asst. Manager, SETSCO Service Pte. Ltd.,
Singapore (2003–2012) Singapore (2003-2012)
• Director, Center of Excellence, Holcim, • Director, Center of Excellence, Holcim, Singapore
Singapore (2012–2016) (2012–2016)
• General Manager - Technical, PT Pionirbeton • General Manager - Technical, PT Pionirbeton
Industri, Jakarta (2017–sekarang) Industri, Jakarta (2017–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan di 2025
Training in 2025 Pelatihan Kepemimpinan berbasis Keselamatan Indocement Jakarta, 19 Mei
Safety Leadership Training Jakarta, 19 May
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Nama
Name Resmita Kusprasetianty
Jabatan Penggunaan Lahan dan Keanekaragaman Hayati
Position Land Use and Biodiversity
Usia 35 Tahun
Age 35 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Bogor
Domicile
• Sarjana Teknik, Institut Teknologi Bandung • Bachelor of Engineering, Institut Teknologi
Riwayat Pendidikan (2012) Bandung (2012)
Educational Background • Magister Manajemen Lingkungan, The University • Master of Environmental Management, The
of Queensland (2016) University of Queensland (2016)
• Junior Engineer di Indocement (2013–2019) • Junior Engineer at Indocement (2013–2019)
Riwayat Pekerjaan • Mining Environmental Engineer di Indocement • Mining Environmental Engineer at Indocement
Work Experience (2019–2023) (2019–2023)
• Senior Environmental Engineer di Indocement • Senior Environmental Engineer at Indocement
(2023–sekarang) (2023–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan Dasar-Dasar Kepatuhan Heidelberg Materials Workday, 15 Mei
Pelatihan di 2025 Compliance Basics Training Workday, 15 May
Training in 2025
Pelatihan Pencegahan Korupsi Heidelberg Materials Workday, 12 November
Preventing Corruption Training
Pelatihan Keamanan Siber Heidelberg Materials Workday, 27 November
Cyber Security Training
Nama
Name Jimmy Dharmawan L.
Jabatan Direktur Utama Agregat
Position President Director of Aggregate
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Dani Handajani
Jabatan Governasi atau Tata Kelola
Position Governance
Profil beliau dapat dilihat pada bagian Profil Sekretaris Perusahaan di Bab Profil Perusahaan pada laporan ini
Her profile can be seen in the Corporate Secretary Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Roberto Predonzan
Jabatan Overall Support
Position
Usia 52 Tahun
Age 52 Years
Kewarganegaraan Italia
Citizenship Italian
Domisili Jakarta
Domicile
Riwayat Pendidikan Sarjana Teknik Lingkungan, Università degli Studi di Trieste (2002)
Educational Background Bachelor of Environmental Engineering, Università degli Studi at Trieste (2002)
332 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
• Technical Manager, Trieste Cement Plant • Technical Manager, Trieste Cement Plant
(2003–2007) (2003–2007)
• Project Manager, Trieste Med.con & Technical • Project Manager, Trieste Med.con & Technical
Manager, Trieste Med.con Terminal Cement Manager, Trieste Med.con Terminal Cement
(2007–2010) (2007–2010)
Riwayat Pekerjaan • Plant Manager, Trieste Cement Plant, • Plant Manager, Trieste Cement Plant,
Work Experience Italcementi S.p.a. Italcementi Group Italcementi S.p.a. Italcementi Group
(2010–2013) (2010–2013)
• Representasi HeidelbergCement Group di • Representative of HeidelbergCement Group at
Indocement (2013): Indocement (2013):
» Environmental Auditor APAC » Environmental Auditor of APAC
» Janus Administrator APAC » Janus Administrator of APAC
» Support ESG Coordinator Indonesia » Support ESG Coordinator in Indonesia
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan Dasar-Dasar Kepatuhan Heidelberg Materials Workday, 2 April
Compliance Basics Training
Pelatihan Pencegahan Korupsi Heidelberg Materials Workday, 1 Juli
Pelatihan di 2025 Preventing Corruption Training Workday, 1 July
Training in 2025
Pelatihan Kesadaran akan Bias Bawah Sadar Heidelberg Materials Workday, 28 Agustus
Unconscious Bias Awareness Training Workday, 28 August
Pelatihan Keamanan Siber Heidelberg Materials Workday, 7 Oktober
Cyber Security Training Workday, 7 October
Pelatihan Kesadaran Perundungan Pasif Agresif Heidelberg Materials Workday, 30 Oktober
Passive Aggressive Bullying Awareness Training Workday, 30 October
Rapat Komite ESG ESG Committee’s Meetings
Sepanjang 2025, Komite ESG melaksanakan rapat Throughout 2025, the ESG Committee held one
sebanyak satu kali dengan rincian sebagai berikut: meeting, with details as follows:
Tanggal Peserta
No. Agenda
Date Participants
1. 30 Januari 2025 Seminar PWC mengenai tren, isu, dan Dihadiri oleh 29 Partisipan terdiri dari anggota Komite ESG
30 January 2025 regulasi terkini dari topik ESG. dan jajaran Manajer Indocement.
PWC Seminar on latest ESG issues, Attended by 29 participants consisting of members of the
trends, and regulations ESG Committee and Indocement's management team.
Pelaksanaan Tugas Komite ESG Implementation of ESG Committee’s Duties
Pada 2025, Komite ESG telah melaksanakan In 2025, the ESG Committee carried out its duties
tugas dan tanggung jawabnya, antara lain dengan and responsibilities, including by holding meetings
melakukan rapat dan koordinasi dengan pihak and coordinating with external parties such as
eksternal seperti perusahaan pemeringkat ESG ESG rating companies to continuously evaluate the
untuk mengevaluasi kinerja keberlanjutan Perseroan Company's sustainability performance.
secara terus menerus.
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Komite Hak Asasi Manusia (HAM) Human Rights Committee
Komite Hak Asasi Manusia (HAM) adalah komite yang Human Rights Committee is a committee established
dibentuk di bawah Direksi berdasarkan Keputusan under the Board of Directors, based on Board of
Direksi Nomor 010/Kpts/Dir/V/2023 yang bertugas Directors’ Decision No. 010/Kpts/Dir/V/2023, that is in
untuk membantu Direksi dalam memastikan bahwa charge of assisting the Board of Directors in ensuring
setiap aktivitas yang dijalankan Perseroan, baik yang that all activities carried out by the Company, both
terkait dengan pihak internal maupun eksternal internally and externally, comply with human rights
telah sesuai dengan prinsip dan aturan terkait HAM. principles and regulations.
Dasar Hukum Legal Basis
1. Deklarasi Universal Hak Asasi Manusia 1. United Nations Universal Declaration of Human
Perserikatan Bangsa-Bangsa; Rights;
2. Human Rights Compliance Management Policy 2. Human Rights Compliance Management Policy of
Heidelberg Materials; Heidelberg Materials;
3. Human Rights Position dari Heidelberg Materials; 3. Human Rights Position of the Heidelberg
4. Surat Keputusan Direksi Nomor 010/Kpts/ Materials;
Dir/V/2023 tanggal 2 Mei 2023 tentang Kebijakan 4. Board of Directors’ Decision Letter No. 010/Kpts/
Hak Asasi Manusia Indocement; Dir/V/2023 dated 2 May 2023 on Indocement’s
5. Surat Keputusan Direksi Nomor 013/Kpts/Dir/ITP/ Human Rights Policy;
III/2024 tanggal 22 Maret 2024 tentang Perubahan 5. Board of Directors’ Decision Letter No. 013/
Susunan Komite Hak Asasi Manusia; dan Kpts/Dir/ITP/III/2024 dated 22 March 2024 on
6. Surat Keputusan Direksi Nomor 014/Kpts/Dir/ITP/ Changes in the Composition of the Human Rights
III/2024 tanggal 22 Maret 2024 tentang Piagam Committee; and
Komite Hak Asasi Manusia. 6. Board of Directors’ Decision Letter No. 014/Kpts/
Dir/ITP/III/2024 dated 22 March 2024 on the
Human Rights Committee Charter.
Susunan Keanggotaan Composition Structure
Pada 2025, keanggotaan Komite HAM mengalami In 2025, the composition of Human Rights
perubahan personel sehubungan dengan pergantian Committee underwent personnel changes due to
pejabat di Perseroan, sehingga susunan Komite HAM changes to officials in the Company, and therefore,
adalah sebagai berikut: the composition of Human Rights Committee was
as follows:
Dewan Pengarah Direktur Utama dan anggota Executive Committee (EXCOM)
Advisory Board President Director and members of Executive Committee (EXCOM)
Koordinator Dani Handajani
Coordinator Pejabat yang ditunjuk oleh Direktur Utama
Official appointed by the President Director
Sekretaris Corporate Legal & Compliance Manager
Secretary
General Manager Operational di setiap Kompleks Pabrik Perseroan:
General Manager Operational in each of the Company’s Factories:
• Setia Wijaya (Kompleks Pabrik Citeureup | Citeureup Factory)
• Katon Primanto (Kompleks Pabrik Cirebon | Cirebon Factory)
• Agus F. Rasad (Kompleks Pabrik Tarjun | Tarjun Factory)
Thomas Suryadi
Anggota Direktur Utama Beton Siap-Pakai
Member President Director of Ready-Mix Concrete
Jimmy Dharmawan L.
Direktur Utama Agregat
President Director of Aggregate
Yulius Hadi Wijaya
Corporate Human Capital Division Manager
334 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Caecilia Deviana
Corporate Legal Agrarian, Legal License, & General Affairs Division Manager
Arief Rahman Hakim
Corporate Safety, Health & Environmental Division Manager
Gadang Wardono
Corporate Social Responsibility Division Manager
Soegito C. Kurniawan
Procurement & Alternative Fuel and Alternative Material General Manager
Sie Ngoh
Logistic Division Manager
Security Department Head di setiap Kompleks Pabrik Perseroan
Security Department Head in each of the Company’s Factories
• Rudi Komarudin (Kompleks Pabrik Citeureup | Citeureup Factory)
• Dudy Gandjar (Kompleks Pabrik Cirebon | Cirebon Factory)
• Yanuar Arif (Kompleks Pabrik Tarjun | Tarjun Factory)
Profil Komite HAM
Human Rights Committee Profile
Nama
Name Christian Kartawijaya
Jabatan Dewan Pengarah
Position Advisory Board
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Hasan Imer
Jabatan Dewan Pengarah
Position Advisory Board
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Troy Dartojo Soputro
Jabatan Dewan Pengarah & Produk Berkelanjutan
Position Advisory Board & Sustainable Products
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Sunnira Ly
Jabatan Dewan Pengarah
Position Advisory Board
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama Holger Mørch
Name
Jabatan Koordinator & Peta Jalan CO2
Position Coordinator & CO2 Roadmap
Profil beliau dapat dilihat pada bagian Profil Direksi di Bab Profil Perusahaan pada laporan ini
His profile can be seen in the Board of Directors’ Profile section in the Company Profile Chapter of this Annual Report
Nama
Name Dani Handajani
Jabatan Koordinator
Position Coordinator
Profil beliau dapat dilihat pada bagian Profil Sekretaris Perusahaan di Bab Tata Kelola Perusahaan pada laporan ini
Her profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
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Nama Name Setia Wijaya Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report Nama Name Katon Primanto Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report Nama Name Agus F. Rasad Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report Nama Name Thomas Suryadi Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report Nama Name Jimmy Dharmawan L. Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report Nama Name Yulius Hadiwijaya Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite Nominasi dan Remunerasi di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the Nomination and Remuneration Committee Profile section in the Good Corporate Governance Chapter of this Annual Report Nama Name Arief Rahman Hakim Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report Nama Name Gadang Wardono Jabatan Anggota Position Member Profil beliau dapat dilihat pada bagian Profil Komite ESG di Bab Tata Kelola Perusahaan pada laporan ini His profile can be seen in the ESG Committee Profile section in the Good Corporate Governance Chapter of this Annual Report 336 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Nama
Name Soegito C. Kurniawan
Jabatan Anggota
Position Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Sie Ngoh
Jabatan Anggota
Position Member
Profil beliau dapat dilihat pada bagian Profil Komite Keselamatan di Bab Tata Kelola Perusahaan pada laporan ini
His profile can be seen in the Safety Committee Profile section in the Good Corporate Governance Chapter of this Annual Report
Nama
Name Rudy Komarudin
Jabatan Anggota
Position Member
Usia 54 Tahun
Age 54 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Jakarta
Domicile
• Fakultas Ekonomi di Bidang Manajemen • Economic Faculty, Majoring in Management
Riwayat Pendidikan • Certified Corporate Security Management • Certified Corporate Security Management
Educational Background Specialist (CCSMS), Chartered International Specialist (CCSMS), Chartered International
Institute of Security and Crisis Management Institute of Security and Crisis Management
Riwayat Pekerjaan Security Department Head
Work Experience
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Quantum Challenge Briefing Indocement Bogor, 19 Februari
Bogor, 19 February
Pelatihan Kesadaran tentang Keragaman dan Indocement Bogor 6 Maret
Pelatihan di 2025 Inklusi Bogor, 6 March
Training in 2025 Awareness About Diversity & Inclusion Training
Pelatihan Kesadaran Keamanan Komputer Indocement Workday, 16 Mei
Computer Security Awareness Training Workday, 16 May
Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 28 Mei
Group Ethics Compliance Training Workday, 28 May
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 25 Agustus
Preventing Corruption at Heidelbergcement Workday, 25 August
Nama
Name Dudy Gandjar
Jabatan Anggota
Position Member
Usia 55 Tahun
Age 55 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Bekasi
Domicile
Riwayat Pendidikan Magister Manajemen
Educational Background Master of Management
Laporan Tahunan 2025 Annual Report 337
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• Indocement Management Trainee (1995–1997) • Indocement Management Trainee (1995-1997)
• Indocement Labour Policy and Regulation • Indocement Labour Policy and Regulation
Officer (1997–1999) Officer (1997–1999)
• Indocement Employee Maintenance & • Indocement Employee Maintenance &
Counseling Officer (1999–2001) Counseling Officer (1999–2001)
• Indocement Senior Empl. Maintenance & • Indocement Senior Empl. Maintenance &
Counseling Officer (2001–2002) Counseling Officer (2001–2002)
Riwayat Pekerjaan • Indocement Section Head (2002–2005) • Indocement Section Head (2002–2005)
Work Experience • Indocement Senior MPP. & Recruitment Officer • Indocement Senior MPP. & Recruitment Officer
(2005–2010) (2005–2010)
• Indocement SR. Human Resource Officer • Indocement SR. Human Resource Officer
(2010–2013) (2010–2013)
• Indocement Department Head (2013–2020) • Indocement Department Head (2013–2020)
• Indocement Project Administrator (2020–2022) • Indocement Project Administrator (2020–2022)
• Indocement Department Head HRGA • Indocement Department Head of HRGA
(2022–sekarang) (2022–present)
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan Kesadaran Keamanan Komputer Indocement Daring, 25 Maret
Computer Security Awareness Training Online, 25 March
Pelatihan Bekerja di Ketinggian Indocement Cirebon, 20 Mei
Work At Height Training Cirebon, 20 May
Pelatihan Kepatuhan Etika Grup Indocement Daring, 28 Mei
Group Ethics Compliance Training Online, 28 May
Pelatihan di 2025
Pelatihan Keselamatan Berlalu Lintas Indocement Cirebon, 13 Agustus
Training in 2025
On Site & Off Site Road Safety Training Cirebon, 13 August
Pencegahan Korupsi di Heidelbergcement Indocement Daring, 25 Agustus
Preventing Corruption at Heidelbergcement Online, 25 August
Pelatihan Investigasi Kecelakaan dan Analisis Indocement Cirebon, 19 November
Akar Penyebab
Accident Investigation and Root Cause Analysis
Training
Sosialisasi Kebijakan Etika Karyawan Indocement Cirebon, 4 Desember
Dissemination of Employee Ethics Policy Cirebon, 4 December
Nama
Name Yanuar Arif
Jabatan Anggota
Position Member
Usia 51 Tahun
Age 51 Years
Kewarganegaraan Indonesia
Citizenship Indonesian
Domisili Kotabaru, Kalimantan Selatan
Domicile Kotabaru, South Kalimantan
Riwayat Pendidikan Sarjana Teknik Mesin, Institut Teknologi Nasional Malang (1992–1998)
Educational Background Bachelor of Mechanical Engineering, Institut Teknologi Nasional Malang (1992–1998)
• Indocement Power Plant Supervisor • Indocement Power Plant Supervisor
(1988–2004) (1988–2004)
• Indocement TSD Engineer (2004–2010) • Indocement TSD Engineer (2004–2010)
Riwayat Pekerjaan • Indocement CSR Section Head (2010–2016) • Indocement CSR Section Head (2010–2016)
Work Experience • Indocement GA Section Head (2016–2021) • Indocement GA Section Head (2016–2021)
• Indocement HR Section Head (2021–2022) • Indocement HR Section Head (2021–2022)
• Indocement HRGAS Dept Acting (2022–2024) • Indocement HRGAS Dept Acting (2022–2024)
• Indocement HRGAS Dept (2024-sekarang) • Indocement HRGAS Dept (2024-present)
338 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Program yang Diikuti Penyelenggara Waktu dan Tempat
Programs Attended Organizer Time and Place
Pelatihan Kesadaran Keamanan Komputer Indocement Daring, 25 Maret
Computer Security Awareness Training Online, 25 March
Pelatihan Kesadaran tentang Keragaman & Inklusi Indocement Daring, 6 Maret
Awareness about Diversity & Inclusion Training Online, 6 March
Edushare Program Cuma Pengen Sehat Indocement Daring, April
Edushare: Just Want to Be Healthy Program Online, April
Pelatihan Kepemimpinan berbasis Keselamatan Indocement Daring, April
Safety Leadership Training Online, April
Pelatihan Kepatuhan Etika Grup Indocement Daring, 28 Mei
Group Ethics Compliance Training Online, 28 May
Pelatihan Kesadaran Keamanan Siber Indocement Daring, Mei
Cyber Security Awareness Training Online, May
Pelatihan LOTOTO Indocement Daring, Juni
LOTOTO Training Online, June
Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 31 Juli
Preventing Corruption at Heidelbergcement Workday, 31 July
Pelatihan Izin Kerja Indocement Daring, Juli
Work Permit Training Online, July
Pelatihan Alat Pelindungan Diri (APD) Indocement Daring, Juli
Personal Protective Equipment (PPE) Training Online, July
Penyuluhan Kesehatan Kerja: Penyakit Akibat Indocement Daring, Juli
Pelatihan di 2025 Debu Online, July
Training in 2025 Occupational Health Education: Dust-Related
Diseases
Penyuluhan Kesehatan Kerja: Penyakit Akibat Indocement Daring, Juli
Bising Online, July
Occupational Health Education: Noise-Induced
Diseases
Penyuluhan Kesehatan Kerja: Penyakit Akibat Indocement Daring, Juli
Vibrasi Online, July
Occupational Health Education: Vibration-
Induced Diseases
Seminar mengenai Ergonomi Indocement Daring, Juli
Seminar on Ergonomics Online, July
Pelatihan Bekerja di Ketinggian Indocement Daring, Agustus
Work At Height Training Online, August
Seminar Menumbuhkan Budaya Peduli melalui Indocement Daring, September
Kesehatan Mental dan Fisik Di Tempat Kerja Online, September
Seminar: Cultivating a Culture of Caring through
Mental and Physical Health in the Workplace
SHE for Supervisor Indocement Daring, Oktober
Online, October
IMI Cares You - Intergenerational Leadership: Ikatan Manajemen Daring, 19 November
Kolaborasi Peduli Lintas Generasi Untuk Indocement (IMI) Online, 19 November
Tantangan Global
IMI Cares You – Intergenerational Leadership:
Collaborative Care Across Generations for Global
Challenges
Laporan Tahunan 2025 Annual Report 339
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Tanggung Jawab Komite HAM Responsibilities of Human Rights Committee
Memberikan masukan dan usulan strategi kepada Providing input and strategic proposals to the Board
Direksi, terkait pelaksanaan dan isu HAM yang of Directors, related to the implementation and
dihadapi Perseroan; issues of human rights faced by the Company;
1. Menyampaikan laporan evaluasi pelaksanaan 1. Submitting evaluation report on the
dan penerapan HAM di Perseroan kepada Direksi, implementation and implementation of human
termasuk juga untuk laporan tahunan Perseroan, rights in the Company to the Board of Directors,
laporan kepada Grup dan laporan terkait lainnya including for the Company’s annual report,
yang diperlukan; dan reports to the Group, and other related reports
2. Melaksanakan penilaian risiko HAM di Perseroan. as required; and
2. Conducting Human Rights risk assessment in the
Company.
Pelaksanaan Tugas Komite HAM Implementation of Human Rights Committee’s
Duties
Sepanjang 2025, Komite HAM telah mengadakan Throughout 2025, the Human Rights Committee held
satu kali rapat. one meeting.
Tanggal Peserta
Agenda
Date Participants
11 November 2025 • Perubahan Susunan Komite HAM Seluruh anggota Komite HAM
• Laporan Aktivitas 2025 All members of the Human
• Target 2026 Rights Committee
• Changes to the Composition of Human Rights Committee
• Report on Activities in 2025
• Target in 2026
• Melakukan perubahan susunan Komite HAM • Made changes to the Human Rights Committee
sebagai berikut: composition as follows:
a. Sunnira Ly menggantikan David Jonathan a. Sunnira Ly replaced David Jonathan Clarke.
Clarke. b. Katon Primanto replaced Marlan O. Damanik.
b. Katon Primanto menggantikan Marlan O. c. Added a new committee member, Caecilia
Damanik. Deviana, as CORSELA Manager.
c. Menambah anggota komite baru yaitu Caecilia • Supported D&I program initiated by Heidelberg
Deviana sebagai CORSELA Manager. Materials Group;
• Mendukung program D&I yang diinisiasi oleh • Conducted Human Rights Risk Assessment on the
Heidelberg Materials Group; implementation of human rights in the Company.
• Melakukan Human Rights Risk Assessment atas
implementasi HAM di Perseroan.
340 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Sekretaris Perusahaan
Corporate Secretary
Sekretaris Perusahaan berfungsi sebagai pendukung Corporate Secretary acts as a support to the Board
Direksi yang menghubungkan perusahaan dengan of Directors, liaising between the Company and
regulator, pemegang saham, serta pemangku regulators, shareholders, and other stakeholders,
kepentingan lainnya, dengan pengangkatan dan with appointment and dismissal carried out by the
pemberhentian dilakukan oleh Direktur Utama. Peran President Director. Its primary role includes facilitating
utamanya mencakup memfasilitasi kebutuhan Dewan the needs of the Board of Commissioners and Board
Komisaris dan Direksi dalam memastikan kepatuhan of Directors in ensuring compliance with laws and
terhadap regulasi perundang-undangan, khususnya di regulations, particularly in capital markets sector, as
sektor pasar modal, serta dukungan optimalisasi GCG. well as supporting the optimization of GCG.
Dasar Hukum Legal Basis
1. POJK Nomor 35/POJK.04/2014 tanggal 8 1. POJK No. 35/POJK.04/2014 dated 8 December
Desember 2014 tentang Sekretaris Perusahaan 2014 on the Corporate Secretary of Issuers or
Emiten atau Perusahaan Publik; Public Companies;
2. Surat Keputusan Direksi Nomor 021/Kpts/Dir/ITP/ 2. Board of Directors’ Decision Letter No. 021/Kpts/
XI/2021 tanggal 17 November 2021 tentang Piagam Dir/ITP/XI/2021 dated 17 November 2021 on the
Sekretaris Perusahaan; dan Corporate Secretary Charter; and
3. Surat Keputusan Direksi Nomor 012/Kpts/Dir/ITP/ 3. Board of Directors’ Decision Letter No. 012/Kpts/
VI/2023 tanggal 23 Juni 2023 tentang Penggantian Dir/ITP/VI/2023 dated 23 June 2023 on the Changes
Pejabat Corporate Secretary (SK Dir 012/2023). to Corporate Secretary Officials (SK Dir 012/2023).
Penunjukan dan Pemberhentian Appointment and Dismissal of Corporate
Sekretaris Perusahaan Secretary
Sesuai Piagam Sekretaris Perusahaan, Sekretaris Pursuant to the Corporate Secretary Charter, the
Perusahaan bertanggung jawab langsung kepada Corporate Secretary is directly responsible to the
Direktur Utama Perseroan serta diangkat dan Company’s President Director and is appointed and
diberhentikan berdasarkan Keputusan Direksi. dismissed based on the Board of Directors’ Decision.
Pengangkatan Sekretaris Perusahaan dengan The appointment of the Corporate Secretary
mempertimbangkan kemampuan profesional serta considers the professional ability and integrity in
integritasnya di masyarakat dan bisnis. Pengangkatan, community and business. Appointment, resignation,
pengunduran diri dan/atau pemberhentian Sekretaris and/or dismissal of the Corporate Secretary must
Perusahaan wajib dilaporkan kepada OJK dan be reported to OJK and announced to the public
diumumkan kepada publik melalui situs web Perseroan through the Company’s website and IDX website in
dan situs web BEI sesuai ketentuan yang berlaku. accordance with the applicable regulations.
Kriteria Sekretaris Perusahaan Corporate Secretary’s Criteria
Mengacu pada Piagam Sekretaris Perusahaan, Referring to the Corporate Secretary Charter, a
seorang calon Sekretaris Perusahaan harus candidate of Corporate Secretary shall at least meet
memenuhi persyaratan sekurang-kurangnya: the following requirements:
1. Cakap melakukan perbuatan hukum; 1. Have proficiency in performing legal actions;
2. Memiliki latar belakang pendidikan dan 2. Have adequate educational background and
pengalaman yang memadai untuk pelaksanaan experience to carry out the duties, including
tugasnya, termasuk namun tidak terbatas pada but not limited to knowledge and understanding
pengetahuan dan pemahaman pada bidang in the fields of law, finance, and corporate
hukum, keuangan, dan tata kelola perusahaan; governance;
3. Memahami kegiatan usaha Perseroan; 3. Understand the Company’s business activities;
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4. Dapat berkomunikasi dengan baik guna 4. Able to communicate well in order to increase
meningkatkan pelayanan dan menjembatani service and bridge the communication between
komunikasi antara Perseroan dengan pemegang the Company and shareholders and stakeholders;
saham dan pemangku kepentingan; 5. Domiciled in Indonesia; and
5. Berdomisili di Indonesia; dan 6. Do not hold any other concurrent positions in
6. Dilarang merangkap jabatan apapun di other public companies.
perusahaan publik lain.
Pejabat Sekretaris Perusahaan Corporate Secretary’s Officer
Pada 2025, Sekretaris Perusahaan Indocement dijabat In 2025, the Corporate Secretary of Indocement was
oleh Dani Handajani yang diangkat berdasarkan SK held by Dani Handajani who was appointed based on
Dir 012/2023. SK Dir 012/2023.
DANI HANDAJANI 55
tahun
years old
Sekretaris Perusahaan
Indonesia
Corporate Secretary Indonesian
Domisili
Jakarta
Domicile
Dasar Hukum Surat Keputusan Direksi Nomor 012/Kpts/Dir/ITP/VI/2023
Pengangkatan tanggal 23 Juni 2023
Legal Basis of Board of Directors’ Decision Letter No. 012/Kpts/Dir/ITP/
Appointment VI/2023 dated 23 June 2023
Riwayat Pendidikan
Educational Background
Sarjana Hukum, Universitas Diponegoro, Semarang (1993) Bachelor of Law, Universitas Diponegoro, Semarang (1993)
Riwayat Pekerjaan
Work Experience
• Sekretaris Perusahaan Indocement (2007–2011) • Corporate Secretary of Indocement (2007–2011)
• Indocement Human Resources Division Manager (2011–2023) • Indocement Human Resources Division Manager (2011–2023)
Jabatan Lainnya
Concurrent Positions
• Menjabat sebagai direktur di berbagai entitas anak dan • Serving as member of the Board of Directors in several
entitas asosiasi Perseroan Company’s subsidiaries and associated entities
• Koordinator Komite Hak Asasi Manusia Perseroan • Coordinator of Human Rights Committee of the Company
• Sekretaris Komite Etika Perseroan • Secretary of Ethics Committee of the Company
• Sekretaris Yayasan Indocement Tunggal Prakarsa • Secretary of the Indocement Tunggal Prakarsa Foundation
• Pengurus Yayasan Dana Pensiun Indocement • Executive of Pension Fund of Indocement
• Pengurus Dewan Pimpinan Nasional APINDO-Komite • Executive of APINDO National Leadership Council-Manpower
Ketenagakerjaan Committee
• Anggota Tripartit Nasional Republik Indonesia (2023–2026) • Member of National Tripartite of the Republic of Indonesia
(2023-2026)
Hubungan Afiliasi
Affiliation Relationship
Tidak memiliki hubungan afiliasi dengan anggota Dewan Not affiliated with members of the Board of Commissioners,
Komisaris, Direksi dan pemegang saham Board of Directors, and shareholders
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Tata Kelola Perusahaan
Corporate Governance
Organisasi Sekretaris Perusahaan
Corporate Secretary’s Organization
Direktur Utama
President Director
Corporate Secretary
and CSR Division
Corporate Legal Counsel & Corporate Social
Compliance Office Responsibility
Manager Manager
Corporate
Communication
Department Head
Fungsi, Tugas dan Tanggung Jawab Functions, Duties, and Responsibilities of
Sekretaris Perusahaan Corporate Secretary
Sebagaimana tercantum dalam Piagam Sekretaris As stipulated in the Corporate Secretary Charter, the
Perusahaan, tugas dan tanggung jawab Sekretaris duties and responsibilities of Corporate Secretary
Perusahaan adalah sebagai berikut: are as follows:
Terkait Direksi dan Dewan Komisaris Related to the Board of Directors and Board of
Commissioners
1. Memberi masukan kepada Direksi dan Dewan 1. Providing input to the Board of Directors and Board
Komisaris serta memastikan Direksi dan Dewan of Commissioners as well as ensuring that the Board
Komisaris Perseroan telah memenuhi ketentuan of Directors and Board of Commissioners have
peraturan, khususnya di bidang pasar modal; complied with regulatory provisions, particularly in
2. Mengingatkan kepada Direksi dan Dewan capital market sector;
Komisaris agar setiap pembelian dan penjualan 2. Reminding the Board of Directors and Board of
saham Perseroan yang dilakukan oleh Direksi dan Commissioners that every purchase and sale of
Dewan Komisaris termasuk anggota keluarganya the Company’s shares by the Board of Directors
untuk dicatat dalam daftar khusus pemegang and Board of Commissioners, including their family
saham dan melaporkan kepemilikan saham members, is to be recorded in a special register of
Direksi dan Dewan Komisaris kepada instansi shareholders and shall report the share ownership
terkait di pasar modal; to the relevant institutions in the capital market;
3. Mengkoordinasikan pelaksanaan Rapat Direksi 3. Coordinating the implementation of Meetings of
dan Dewan Komisaris, termasuk Rapat Komite di Board of Directors and Board of Commissioners,
bawah Direksi dan Dewan Komisaris; including Meetings of Committee under the Board
4. Mendokumentasikan risalah rapat dan dokumen of Directors and Board of Commissioners;
lain terkait rapat Direksi dan Dewan Komisaris dan 4. Documenting minutes of meetings and other
Komite di bawah Direksi dan Dewan Komisaris; documents related to meetings of the Board
5. Melaksanakan program orientasi bagi anggota of Directors, Board of Commissioners, and
Direksi dan Dewan Komisaris yang baru; dan Committees under the Board of Directors and
Board of Commissioners;
5. Conducting orientation program for new members
of Board of Directors and Board of Commissioners;
and
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6. Mengikuti perkembangan pasar modal dan 6. Following capital market development and laws
peraturan perundang-undangan yang berlaku di and regulations applicable in Capital Market sector
bidang Pasar Modal guna memberikan saran dan in order to provide advice and considerations for
pertimbangan bagi Direksi dan Dewan Komisaris the Board of Directors and Board of Commissioners
dalam kepatuhan pada regulasi yang berlaku in compliance with the regulations applicable to
pada pasar modal di Indonesia. the capital market in Indonesia.
Terkait Pemegang Saham Related to the Shareholders
1. Mengkoordinasikan penyelenggaraan dan 1. Coordinating the implementation and
dokumentasi RUPS; documentation of GMS;
2. Memfasilitasi dan membantu pemegang saham 2. Facilitating and assisting shareholders to
untuk mendapatkan informasi resmi Perseroan obtain official information on the Company
dan informasi terkait kepemilikan saham and information related to share ownership by
pemegang saham. shareholders.
Terkait Kepatuhan Related to Compliance
1. Mengikuti perkembangan pasar modal khususnya 1. Following capital market development, in
peraturan bidang pasar modal; particular the capital market regulations;
2. Memastikan Perseroan mematuhi dan memenuhi 2. Ensuring that the Company complies with and
kewajiban dalam peraturan pasar modal dan fulfills obligations related to capital market
melakukan penelaahan atas laporan dan regulations and reviewing reports and information
keterbukaan informasi yang dikeluarkan oleh disclosure issued by the Company;
Perseroan; 3. Being responsible for the GCG implementation
3. Bertanggung jawab atas penerapan GCG dengan by monitoring, disseminating, and evaluating the
melakukan pemantauan, sosialisasi, dan evaluasi GCG implementation;
terhadap penerapan GCG; 4. Being responsible for the preparation of
4. Bertanggung jawab atas penyusunan Laporan Company’s Annual Report and Sustainability
Tahunan dan Laporan Keberlanjutan Perseroan Report in accordance with the applicable
sesuai dengan ketentuan yang berlaku; regulations;
5. Menyampaikan informasi resmi Perseroan terkait 5. Submitting Company’s official information on
bisnis, laporan keuangan, aktivitas operasional, business, financial statements, operational
dan informasi Perseroan lainnya secara aktual, activities, and other Company’s information in an
akurat, dan transparan; dan actual, accurate, and transparent manner; and
6. Memelihara dan memperbaharui dokumen- 6. Maintaining and updating Company documents,
dokumen Perseroan, termasuk namun tidak including but not limited to:
terbatas pada: a. Company’s deeds;
a. akta-akta Perseroan; b. documents related to corporate actions
b. dokumen terkait aksi korporasi yang dilakukan carried out by the Company;
Perseroan; c. shareholders register;
c. daftar pemegang saham; d. letters; and
d. surat-surat; dan e. decision letter of the Board of Directors and/
e. surat keputusan Direksi dan/atau Dewan or Board of Commissioners.
Komisaris.
Terkait Kegiatan dan Komunikasi Perseroan Related to Corporate Event and Communications
1. Mengkoordinasikan pelaksanaan corporate event, 1. Coordinating corporate events, including but
termasuk namun tidak terbatas pada kunjungan/ not limited to survey/visitation of government
visitasi instansi pemerintah ke wilayah institution to factory operational areas,
operasional pabrik, peresmian pabrik dan/atau inauguration of factory and/or factory operational
fasilitas operasional pabrik dan sebagainya; facilities, and so on;
2. Merencanakan, menyusun panduan dan 2. Planning, preparing guidelines, and disseminating
mensosialisasikan penggunaan identitas the use of the Company’s identity;
Perseroan;
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Tata Kelola Perusahaan
Corporate Governance
3. Merencanakan strategi komunikasi Perseroan 3. Planning the Company’s communication
secara terintegrasi untuk meningkatkan reputasi strategy in an integrated manner to enhance
Perseroan serta mengelola isu-isu yang mungkin the Company’s reputation as well as managing
timbul dan berdampak pada reputasi dan kinerja issues that may arise and have an impact on the
Perseroan; Company’s reputation and performance;
4. Mengkoordinasikan komunikasi dengan media, 4. Coordinating communications through media,
termasuk namun tidak terbatas pada: including but not limited to:
a. Membuat dan mempublikasikan siaran pers; a. Create and issue press releases;
b. Mengadakan konferensi pers, media gathering, b. Hold press conferences, media gatherings,
dan media visit; and media visits;
c. Mempublikasikan informasi resmi Perseroan c. Publish the Company’s official information to
kepada media melalui: the media through:
• media cetak dan daring; • print and online media;
• situs web Perseroan; dan • Company’s website; and
• media sosial Perseroan (Instagram, • Company’s social media (Instagram,
Facebook, YouTube, LinkedIn, TikTok, dll.). Facebook, YouTube, LinkedIn, TikTok, etc.).
5. Bertanggung jawab sebagai juru bicara dalam 5. Being responsible as a spokesperson to deliver
menyampaikan informasi Perseroan baik kepada the Company information both internal and
internal maupun eksternal dan/atau mewakili external and/or representing the Company in
Perseroan dalam korespondensi dengan otoritas correspondence with capital market authorities
pasar modal dan pemangku kepentingan lainnya and other stakeholders in accordance with the
sesuai dengan kewenangan yang diberikan oleh authority granted by the Company.
Perseroan.
Terkait Entitas Anak dan Grup Related to Subsidiaries and Group
1. Memelihara dan memperbaharui dokumen 1. Maintaining and updating corporate documents
korporasi entitas anak; of subsidiaries;
2. Melakukan sosialisasi kepada karyawan 2. Disseminating the guidelines issued by the
Perseroan dan entitas anak terkait pedoman Group to the employees of the Company and its
yang diterbitkan oleh Grup. subsidiaries.
Terkait Kerahasiaan Informasi Related to Confidentiality of Information
1. Sekretaris Perusahaan dan karyawan dalam 1. The Corporate Secretary and employees in
unit kerja yang menjalankan fungsi Sekretaris units performing Corporate Secretary functions
Perusahaan wajib menjaga kerahasiaan shall maintain the confidentiality of documents,
dokumen, data, dan informasi Perseroan yang data, and information of the Company, except
bersifat rahasia, kecuali dalam rangka memenuhi in fulfilling obligations in line with the laws
kewajiban sesuai dengan aturan hukum dan and regulations or otherwise stipulated in the
peraturan perundang-undangan atau ditentukan regulations applicable in Indonesia;
lain dalam peraturan yang berlaku di Indonesia; 2. The Corporate Secretary and employees in
2. Sekretaris Perusahaan dan karyawan dalam units performing Corporate Secretary function
unit kerja yang menjalankan fungsi Sekretaris are prohibited from taking personal gain, either
Perusahaan, dilarang mengambil keuntungan directly or indirectly, which could harm the
pribadi baik secara langsung maupun tidak Company as an issuer or public company; and
langsung yang dapat merugikan Perseroan selaku 3. The Corporate Secretary shall always act in good
emiten atau perusahaan publik; dan faith and avoid conflicts of interest.
3. Sekretaris Perusahaan harus senantiasa
bertindak dengan itikad baik dan menghindari
konflik kepentingan.
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Pelaporan Reporting
Sekretaris Perusahaan berkewajiban untuk The Corporate Secretary is required to submit
menyampaikan laporan atas pelaksanaan tugas the report on the implementation of Corporate
fungsi Sekretaris Perusahaan kepada Direktur Secretary’s duties and functions to the President
Utama. Director.
Pelaksanaan Tugas Sekretaris Implementation of Corporate
Perusahaan Pada 2025 Secretary’s Duties in 2025
Sepanjang 2025, pelaksanaan tugas Sekretaris Throughout 2025, duties implementation by the
Perusahaan Indocement adalah sebagai berikut: Corporate Secretary of Indocement were as follows:
Jenis Laporan Realisasi
No.
Type of Report Realization
Penyampaian Laporan
Report Submission
Periode
Period
1. Laporan Keuangan Tahunan Dilaporkan melalui sistem XBRL dalam SPE-IDXnet Sistem pada 21 Maret 2025 dan
Tahun Buku 2024 dipublikasikan dalam situs website Indocement pada tanggal yang sama.
Annual Financial Statements Reported through XBRL system in the SPE-IDXnet System on 21 March 2025, and published
of the 2024 Financial Year on Indocement website on the same date.
2. Laporan Keuangan Triwulan Dilaporkan melalui sistem XBRL dalam SPE-IDXnet Sistem pada 30 April 2025 dan
I Tahun Buku 2025 dipublikasikan dalam situs website Indocement pada tanggal yang sama.
Financial Statements for the Reported through XBRL system in the SPE-IDXnet System on 30 April 2025, and published on
First Quarter in 2025 Indocement website on the same date.
3. Laporan Keuangan Triwulan Dilaporkan melalui sistem XBRL dalam SPE-IDXnet Sistem pada 31 Juli 2025 dan
II Tahun Buku 2025 dipublikasikan dalam situs website Indocement pada tanggal yang sama.
Financial Statements for the Reported through XBRL system in the SPE-IDXnet System on 31 July 2025, and published on
Second Quarter in 2025 Indocement website on the same date.
4. Laporan Keuangan Triwulan Dilaporkan melalui sistem XBRL dalam SPE-IDXnet Sistem pada 31 Oktober 2025 dan
III Tahun Buku 2025 dipublikasikan dalam situs website Indocement pada tanggal yang sama.
Financial Statements for the Reported through XBRL system in the SPE-IDXnet System on 31 October 2025, and published
Third Quarter in 2025 on Indocement website on the same date.
5. Laporan Tahunan dan Dilaporkan melalui sistem XBRL dalam SPE-IDXnet Sistem pada 29 April 2025 dan
Laporan Keberlanjutan 2024 dipublikasikan dalam situs website Indocement pada tanggal yang sama.
Annual Report and Reported through XBRL system in the SPE-IDXnet System on 29 April 2025, and published on
Sustainability Report 2024 Indocement website on the same date.
6. Laporan Kegiatan Registrasi Laporan Kegiatan Registrasi Efek dilakukan pada:
Efek Securities Registration Activity Reports were conducted on:
Securities Registration • 7 Januari 2025 | 7 January 2025
Activity Report • 6 Februari 2025 | 6 February 2025
• 7 Maret 2025 | 7 March 2025
• 7 April 2025
• 7 Mei 2025 | 7 May 2025
• 5 Juni 2025 | 5 June 2025
• 7 Juli 2025 | 7 July 2025
• 7 Agustus 2025 | 7 August 2025
• 8 September 2025
• 6 Oktober 2025 | 6 October 2025
• 6 November 2025
• 5 Desember 2025 | 5 December 2025
346 Laporan Tahunan 2025 Annual Report
Page 347
Tata Kelola Perusahaan
Corporate Governance
Jenis Laporan Realisasi
No.
Type of Report Realization
Insidentil
Incidental
1. Selama 2025, terdapat • 16 Januari 2025: Perubahan Direksi entitas anak PT Semen Grobogan
tujuh Laporan Keterbukaan • 14 April 2025: Rencana Penarikan Saham dengan cara pengurangan modal ditempatkan
Informasi dan telah dan disetor
disampaikan melalui SPE- • 14 April 2025: Rencana Pembelian Kembali Saham
IDXNet dan dipublikasikan • 2 Mei 2025: Pengunduran diri Komisaris PT Indocement Tunggal Prakarsa Tbk.
dalam situs web Perseroan. • 8 Mei 2025: Perubahan Pemegang Saham entitas anak PT Tigaroda Rumah Sejahtera
Throughout 2025, there • 10 Juni 2025: Penandatanganan Perjanjian Jasa antara Perseroan dengan Heidelberg
are seven Information Materials AG.
Disclosure Reports and • 30 Desember 2025: Kemitraan antara entitas anak PT Pionirbeton Industri dengan
these have been submitted PT Cipta Mortar Utama
via SPE-IDXNet and • 16 January 2025: Changes in the Board of Directors of subsidiary PT Semen Grobogan
published on the Company’s • 14 April 2025: Plan of Share Withdrawal by decreasing issued and paid-up capital
website. • 14 April 2025: Plan of Share Buyback
• 2 May 2025: Resignation of a Commissioner of PT Indocement Tunggal Prakarsa Tbk.
• 8 May 2025: Changes in the Shareholders of subsidiary PT Tigaroda Rumah Sejahtera
• 10 June 2025: Signing of Service Agreement between the Company and Heidelberg
Materials AG.
• 30 December 2025: Partnership between subsidiaries of PT Pionirbeton Industri and
PT Cipta Mortar Utama
2. Laporan pengalihan saham Laporan pengalihan sebagian pembelian Kembali saham Perseroan periode 6 Desember 2021
hasil pembelian kembali sampai 6 Desember 2022 disampaikan pada 24 Juli 2025.
periode 2021–2022 The report on the transfer of part of the Company’s share buyback for the period 6
Report on the Transfer of December 2021 to 6 December 2022 was submitted on 24 July 2025.
Shares from the 2021–2022
Share Buyback Period
3. Laporan perkembangan Laporan perkembangan pengalihan saham hasil pembelian kembali saham periode 15 Mei
pengalihan saham hasil 2024 sampai dengan 31 Desember 2024 disampaikan pada 9 Juli 2025.
pembelian kembali saham The progress report on the transfer of shares resulting from the share buyback for the
periode 2024 period 15 May 2024 to 31 December 2024 was submitted on 9 July 2025.
Progress report on the
transfer of shares resulting
from shares buyback for the
2024 period
4. Laporan rencana pembelian Laporan rencana pembelian kembali saham periode 2025-2026 disampaikan pada 14 April
kembali saham periode 2025.
2025-2026 Share buyback plan report for the 2025-2026 period was submitted on 14 April 2025.
Share Buyback Plan Report
for the 2025-2026 Period
Pelaksanaan Corporate Event
Implementation of Corporate Events
1. RUPS Tahunan RUPS Tahunan dilaksanakan pada 21 Mei 2025 secara hybrid, dengan dihadiri oleh Dewan
Annual GMS Komisaris, Direksi Perseroan, pihak independen dan pemegang saham atau kuasanya yang
sah sejumlah 2.895.547.358 saham atau sama dengan 86,435% dari total 3.681.231.699
saham dikurangi dengan saham yang dikuasai Perseroan karena pembelian kembali saham
sebesar 331.257.800 saham.
The AGMS was held on 21 May 2025 by hybrid, attended by the Board of Commissioners,
Board of Directors, independent parties, and shareholders or their proxies of 2,895,547,358
shares, or equal to 86.435% of the total 3,681,231,699 shares, minus the shares controlled by
the Company due to its share buyback of 331,257,800 shares.
Agenda dan Keputusan RUPS Tahunan dapat dilihat pada halaman 211-215 Laporan Tahunan ini.
Agenda and Resolutions of the AGMS can be seen on page 211-215 of this Annual Report.
2. RUPS Luar Biasa RUPS Luar Biasa dilaksanakan pada 21 Mei 2025 secara hybrid, dengan dihadiri oleh Dewan
Extraordinary GMS Komisaris, Direksi Perseroan, pihak independen dan pemegang saham atau kuasanya yang
sah sejumlah 2.895.527.428 saham atau sama dengan 86,434% dari total 3.681.231.699
saham dikurangi dengan saham yang dikuasai Perseroan karena pembelian kembali saham
sebesar 331.257.800 saham.
The EGMS was held on 21 May 2025 by hybrid, attended by the Board of Commissioners,
Board of Directors, independent parties, and shareholders or their proxies of 2,895,527,428
shares, or equal to 86.434% of the total 3,681,231,699 shares, minus the shares controlled by
the Company due to its share buyback of 331,257,800 shares.
Agenda dan Keputusan RUPS Luar Biasa dapat dilihat pada halaman 217-218 Laporan
Tahunan ini.
Agenda and Resolutions of the Extraordinary GMS can be seen on page 217-218 of this
Annual Report.
Laporan Tahunan 2025 Annual Report 347
Page 348
Jenis Laporan Realisasi
No.
Type of Report Realization
3. Paparan Publik Paparan Publik dilaksanakan pada 25 Maret 2025 secara hybrid menggunakan aplikasi Microsoft
Public Expose Teams. Paparan Publik dihadiri oleh Manajemen Perseroan dan 105 orang, terdiri dari
Public Expose was held on 25 March 2025 by hybrid via Microsoft Teams application. The
Public Expose was attended by the Company’s Management and 105 other participants,
consisting of
Publik | Public : 46 orang | people
Investor: 35 orang | people
Media: 24 orang | people
Rapat-Rapat Direksi, Dewan Komisaris dan Komite-Komite
Meetings of the Board of Directors, Board of Commissioners, and Committees
1. Rapat Direksi Pelaksanaan Rapat Direksi dapat dilihat pada halaman 250-252 Laporan Tahunan ini.
The Board of Directors’ The implementation of Board of Directors’ Meeting can be seen on page 250-252 of this
Meeting Annual Report.
2. Rapat Dewan Komisaris Pelaksanaan Rapat Dewan Komisaris dapat dilihat pada halaman 234-237 Laporan Tahunan ini.
The Board of The implementation of Board of Commissioners’ Meeting can be seen on page 234-237 of
Commissioners’ Meeting this Annual Report.
3. Rapat Komite Audit Pelaksanaan Rapat Komite Audit dapat dilihat pada halaman 295 Laporan Tahunan ini.
Audit Committee’s Meeting The implementation of Audit Committee’s Meeting can be seen on page 295 of this Annual Report.
4. Rapat Komite Nominasi dan Pelaksanaan Rapat Komite Nominasi dan Remunerasi dapat dilihat pada halaman 304
Remunerasi Laporan Tahunan ini.
Nomination and The implementation of Nomination and Remuneration Committee’s Meeting can be seen on
Remuneration Committee’s page 304 of this Annual Report.
Meeting
Hubungan dengan Media
Relationship with Media
1. Siaran Pers Pada 2025, Perseroan menerbitkan 11 siaran pers terkait berbagai informasi yang menyangkut
Press Release kinerja keuangan, kinerja operasional, aktivitas tanggung jawab sosial, pencapaian
penghargaan dan berbagai informasi lainnya. Siaran pers tersebut disebarluaskan kepada
media cetak, elektronik dan media daring.
In 2025, the Company issued 11 press releases related to various information on financial
performance, operational performance, social responsibility activities, award achievements,
and various other information. The press releases were distributed to print, electronic, and
online media.
Program Pengembangan Kompetensi Sekretaris Perusahaan
Competence Development Program of Corporate Secretary
Judul Pelatihan Nama Penyelenggara Tempat dan Tanggal
No.
Training Module Organizer Place and Date
1. Internal Engagement: Menjembatani Kesenjangan Antar Indonesia Corporate Daring, 16 Januari
Generasi Secretary Association (ICSA) Online, 16 January
Internal Engagement: Bridging The Generation Gap
2. Pendalaman POJK No. 29/POJK.04/2016 dan POJK No. 51/ ICSA Daring, 22 Januari
POJK.03/2017 Online, 22 January
Advanced Understanding of POJK No. 29/POJK.04/2016 and
POJK No. 51/POJK.03/2017
3. Indocement Executive Strategic Forum Indocement Bogor, 4 Februari
Bogor, 4 February
4. Webinar Studi Kasus Restrukturisasi di Indonesia Assegaf Hamzah & Partner Daring, 18 Februari
Indonesian Restructuring Case Studies Webinar Online, 18 February
5. Pendalaman POJK No. 14/POJK.04/2022 tentang ICSA Daring, 18 Februari
Penyampaian Laporan Keuangan Berkala Emiten Atau Online, 18 February
Perusahaan Publik
Advanced Understanding of POJK No. 14/POJK.04/2022 on
Submission of Periodic Financial Statements of Issuers and
Public Companies
6. Seminar Tetap Sehat dan Bahagia Indocement Bogor, 25 Februari
Stay Healthy and Happy Seminar Bogor, 25 February
7. Pelatihan Kesadaran tentang Keragaman dan Inklusi Indocement Bogor, 6 Maret
Awareness About Diversity & Inclusion Training Bogor, 6 March
8. Hari Perempuan Internasional: Beauty Makeup Class Indocement Bogor, 7 Maret
International Women's Day: Beauty Makeup Class Bogor, 7 March
9. Pelatihan Kesadaran Keamanan Komputer Heidelberg Materials Workday, Maret
Computer Security Awareness Training Workday, March
348 Laporan Tahunan 2025 Annual Report
Page 349
Tata Kelola Perusahaan
Corporate Governance
Judul Pelatihan Nama Penyelenggara Tempat dan Tanggal
No.
Training Module Organizer Place and Date
10. Peran Sekretaris Perusahaan Dalam Mendorong ICSA Daring, 17 April
Governansi, Manajemen Risiko, Dan Kepatuhan (GRK) Yang Online, 17 April
Baik
The Role of the Corporate Secretary in Promoting Good
Governance, Risk Management, and Compliance (GRC)
11. Pendalaman Peraturan No. 1-E Tentang Kewajiban ICSA Daring, 22 April
Penyampaian Informasi Online, 22 April
Advanced Understanding on Regulation No. 1E: Information
Disclosure Obligations
12. Pelatihan Kepatuhan Etika Grup Heidelberg Materials Workday, 29 April
Group Ethics Compliance Training
13. Webinar Penguatan POJK 45/2024 Asosiasi Emiten Indonesia Daring, 30 April
Webinar on the Strengthening Understanding of POJK Indonesian Issuers Online, 30 April
45/2024 Association
14. Penyegaran Kembali Standarisasi Profesi Sekretaris ICSA Daring, 7 Mei
Perusahaan Dan Kode Etik Sekretaris Perusahaan Online, 7 May
Refresher on the Standardization of the Corporate
Secretary Profession and the Corporate Secretary Code of
Conduct
15. Psikologi Safety Talk di Tempat Kerja Heidelberg Materials Mei
Psychological Safety Talk at Workplace May
16. Webinar Peran Industri Jasa Keuangan Dalam Mendukung OJK Institute Daring, 31 Juli
Proyek Strategis Nasional: Pembangunan Tiga Juta Rumah Online, 31 July
Webinar on Strengthening the Financial Services Industry’s
Support for National Strategic Projects: Three Million
Homes Development
17. Pencegahan Korupsi di Heidelbergcement Heidelberg Materials Workday, 31 Juli
Preventing Corruption at Heidelbergcement Workday, 31 July
18. LCC Week: Mempertahankan Pertumbuhan Melalui Tata Indocement Bogor, 18 September
Kelola Hukum
LCC Week: Sustaining Growth Through Legal Governance
19. Kepatuhan Dan Risiko Hukum Dalam Pengelolaan Dana Asosiasi Dana Pensiun Daring, 23 September
Pensiun Indonesia Online, 23 September
Compliance and Legal Risk Management in Pension Fund Indonesian Pension Fund
Administration Association
20. IMI Cares You–Intergenerational Leadership: Kolaborasi Ikatan Manajemen Bogor, 19 November
Peduli Lintas Generasi Untuk Tantangan Global Indocement
IMI Cares You–Intergenerational Leadership: Collaborative
Care Across Generations for Global Challenges
21. Peningkatan Kapasitas Sistem Ketenagakerjaan Melalui International Institute of Singapura, 15–19 Desember
Kerja Sama Indonesia–Singapura Mediators (IIM) Singapore, 15-19 December
Enhanching Employment System Capacity Through
Indonesia–Singapore Cooperation
Laporan Tahunan 2025 Annual Report 349
Page 350
Hubungan Investor
Investor Relations
Sebagai perusahaan publik, Indocement berkomitmen As a public company, Indocement is committed
untuk terus menjaga dan meningkatkan komunikasi to maintaining and enhancing communication
antara Perseroan dengan para investor baik di between the Company and investors, both at local
tingkat lokal maupun internasional. Oleh karena itu, and international levels. Therefore, the Company
Perseroan memiliki unit Hubungan Investor yang has Investor Relations unit, a support function
merupakan fungsi pendukung Direksi yang berperan to the Board of Directors that plays an important
penting dalam menyediakan informasi yang role in providing information required by capital
dibutuhkan komunitas pasar modal terkait dengan market communities regarding financial condition,
kondisi keuangan, saham, kinerja, dan prospek stocks, performance, and business prospects of the
usaha Perseroan secara rutin. Company in a routine manner.
Fungsi dari Hubungan Investor antara lain untuk The Investor Relations’ functions are, among
memberikan informasi terkini terkait kinerja others, providing the latest information on financial
keuangan dan prospek perusahaan kepada para performance and the Company’s prospects to
pemegang saham dan investor secara umum. shareholders and investors in general. Information
Penyebarluasan informasi dilakukan secara langsung is disseminated directly and actively to investors
dan aktif kepada investor maupun kepada para analis as well as to capital market analysts through the
pasar modal melalui penyelenggaraan kegiatan atau implementation of regular activities. Such activities
aktivitas yang dilaksanakan secara berkala. Kegiatan are carried out through small group or one-on-one
tersebut dilakukan melalui pertemuan resmi secara meetings, conference calls, information disclosure
berkelompok maupun perorangan (small group atau and the latest Company publications on the
one-on-one meeting), conference call, pengungkapan Company’s website at www.Indocement.co.id.
informasi dan publikasi terkini dari Perseroan pada
situs web Perseroan di www.Indocement.co.id.
Profil Pejabat Hubungan Investor
Profile of Investor Relations’ Official
DAVID HALIM 48
tahun
years old
Investor Relation Manager Indonesia
Indonesian
Domisili
Jakarta
Domicile
Dasar Hukum Surat Keputusan Direksi Nomor 050/CHRD-CIRAD/SK.
Pengangkatan PROM/V/2016 tanggal 1 Juni 2016
Legal Basis of Board of Directors’ Decision Letter No. 050/CHRD-CIRAD/
Appointment SK. PROM/V/2016 dated 1 June 2016
Riwayat Pendidikan
Educational Background
• Sarjana Ekonomi (Akuntansi), Universitas Trisakti (2000) • Bachelor of Economics (Accounting), Universitas Trisakti
• Magister Bisnis Administrasi, Universitas Gadjah Mada (2024) (2000)
• Master of Business Administration, Universitas Gadjah Mada
(2024)
350 Laporan Tahunan 2025 Annual Report
Page 351
Tata Kelola Perusahaan
Corporate Governance
Riwayat Pekerjaan
Work Experience
• Indocement Supervisor Accounting (2005–2009) • Indocement Supervisor Accounting (2005–2009)
• Indocement Corporate Finance Senior Staf (2009–2016) • Indocement Corporate Finance Senior Staff (2009–2016)
• Indocement Corporate Finance Division Manager • Indocement Corporate Finance Division Manager
(2016–sekarang) (2016–present)
Jabatan Lainnya
Concurrent Positions
Menjabat sebagai anggota Direksi di berbagai entitas anak dan Serving as member of the Board of Directors in several
entitas asosiasi Perseroan Company’s subsidiaries and associated entities
Hubungan Afiliasi
Affiliation Relationship
Tidak memiliki hubungan afiliasi dengan anggota Dewan Has no affiliation relationships with members of the Board of
Komisaris, Direksi dan pemegang saham Commissioners, Board of Directors, and shareholders
Tugas dan Tanggung Jawab Pejabat Duties and Responsibilities of Investor
Hubungan Investor Relations’ Official
Fungsi Hubungan Investor mencakup aspek keuangan The Investor Relations’ function covers financial and
dan strategi, dengan tanggung jawab sebagai berikut: strategic aspects, with the following responsibilities:
1. Memberikan informasi yang akurat, dapat 1. Providing accurate, reliable, and timely information
diandalkan, dan tepat waktu kepada pihak to internal and external parties, including
internal dan eksternal, termasuk pemegang shareholders, investors, potential investors,
saham, investor, calon investor, analis, lembaga analysts, rating agencies, the government, and
pemeringkat, pemerintah, dan badan pengawas; regulatory bodies;
2. Melakukan kegiatan rutin yaitu paparan kinerja 2. Conducting routine activities, which are quarterly
triwulan, rapat analis, temu investor, non-deal performance exposure, analyst meetings, investor
roadshow, dan pertemuan lainnya yang terkait meetings, non-deal roadshows, and other meetings
kinerja Indocement; dan related to Indocement’s performance; and
3. Menyediakan informasi yang memadai kepada 3. Providing adequate information to stakeholders
pemangku kepentingan mengenai kondisi on Indocement’s financial condition and
keuangan dan aksi korporasi Indocement. corporate actions.
Pelaksanaan Tugas Hubungan Investor
Implementation of Investor Relations’ Duties
Aktivitas Frekuensi 2025 Frekuensi 2024
Activity Frequency in 2025 Frequency in 2024
Pertemuan daring dengan analis 51 53
Online analyst meeting
Pertemuan fisik dengan analis 42 47
On-site analyst meeting
Earnings Call 3 3
Paparan Publik 1 1
Public Expose
Investor Visit (Plant Site) 5 1
Laporan Tahunan 2025 Annual Report 351
Page 352
Audit Internal
Internal Audit
Audit Internal adalah kegiatan penilaian yang Internal Audit is an independent and objective
independen dan objektif untuk memastikan dan assessment activity to ensure and assist the
membantu manajemen Perseroan terkait tata Company’s management regarding good corporate
kelola perusahaan yang baik, melalui kajian dan governance through reviews and audits of effective
audit pelaksanaan kebijakan dan prosedur dalam implementation of policies and procedures in the
aktivitas operasional Perseroan yang efektif. Melalui Company’s operational activities. Through systematic
pendekatan yang sistematis, Audit Internal diharapkan approach, Internal Audit is expected to increase
dapat meningkatkan nilai tambah dan memperbaiki added value and improve the Company’s operations
operasional Perseroan dengan cara mengevaluasi by evaluating and enhancing the effectiveness of risk
dan meningkatkan efektivitas manajemen risiko, management, control, and corporate governance
pengendalian, dan proses tata kelola Perseroan. Fungsi process. This audit functions and responsibilities
dan tanggung jawab audit ini wajib diterapkan dan must be implemented and carried out on an
dilaksanakan dengan prinsip independen. independent basis.
Audit Internal berperan sebagai Third Line of Defense Internal Audit has a role as the Third Line of
dalam Sistem Pengendalian Internal dan Manajemen Defense in the Company’s Internal Control and Risk
Risiko Perseroan. Karena itu, Audit Internal harus turut Management System. Therefore, Internal Audit shall
berperan aktif dalam meningkatkan efektivitas Sistem play an active role in increasing the effectiveness
Pengendalian Intern secara berkesinambungan. Audit of Internal Control System in a sustainable manner.
Internal diharapkan mampu memberikan keyakinan Internal Audit is expected to provide assurance
berdasarkan hasil pemeriksaan bahwa pengendalian based on the audit results that internal control and
internal dan pelaksanaan kegiatan operasional, implementation of operational activities, accounting,
akuntansi, manajemen risiko dan kegiatan Perseroan risk management, and other Company activities are
lainnya telah terselenggara dengan baik dan mampu carried out properly and are able to guarantee the
menjamin kepentingan Perseroan serta para pemangku interests of the Company and stakeholders.
kepentingan.
Internal Audit Division juga berperan dalam The Internal Audit Division also plays a role to
mendukung manajemen perusahaan untuk mencapai support the Company’s management in achieving
kinerja yang lebih baik dengan meningkatkan efisiensi better performance by increasing the efficiency and
dan efektivitas kegiatan perusahaan. Selain itu, unit effectiveness of the Company’s activities. In addition,
ini berfungsi sebagai mitra strategis manajemen this division acts as a management strategic partner
dalam menambah nilai pada proses bisnis dan in providing added value to business process and
mendorong penerapan prinsip-prinsip tata kelola encouraging the implementation of good corporate
perusahaan yang baik. governance principles.
Dasar Hukum Legal Basis
1. Undang-Undang Nomor 40/2007 tentang 1. Law No. 40/2007 on Limited Liability Company;
Perseroan Terbatas; 2. Law No. 8/1995 on Capital Market;
2. Undang-Undang Nomor 8/1995 tentang Pasar 3. Financial Services Authority Regulation No. 56/
Modal; POJK.04/2015 dated 29 December 2015 on
3. Peraturan Otoritas Jasa Keuangan Nomor 56/ Establishment and Guidelines to Prepare Internal
POJK.04/2015 tanggal 29 Desember 2015 tentang Audit Unit Charter;
Pembentukan dan Pedoman untuk Penyusunan 4. Internal Audit Charter dated 10 May 2016;
Piagam Unit Internal Audit; 5. Board of Directors’ Decision Letter No. 012/
4. Piagam Internal Audit tanggal 10 Mei 2016; Kpts/Dir/ITP/XI/2022 dated 29 November 2022
5. Surat Keputusan Direksi Nomor 012/Kpts/Dir/ on Appointment of Ms. Yuliana as Internal Audit
ITP/XI/2022 tanggal 29 November 2022 tentang Division Manager (SK Dir 012/2022); and
Pengangkatan Ibu Yuliana sebagai Internal Audit
Division Manager (SK Dir 012/2022); dan
352 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
6. Surat Keputusan Dewan Komisaris Nomor 003/ 6. Board of Commissioners’ Decision Letter No.
Kpts/Kom/ITP/XI/2022 tanggal 29 November 2022 003/Kpts/Kom/ITP/XI/2022 dated 29 November
tentang Persetujuan Pengangkatan Ibu Yuliana 2022 on Approval of the Appointment of Ms.
sebagai Internal Audit Division Manager (SK Kom Yuliana as Internal Audit Division Manager (SK
003/2022). Kom 003/2022).
Piagam Audit Internal Internal Audit Charter
Dalam menjalankan tugas dan tanggung jawabnya, In performing its duties and responsibilities, the
Internal Audit Division berpedoman pada Piagam Internal Audit Division is guided by the Internal Audit
Audit Internal, antara lain mengatur tentang: Charter, which among others regulates the following
1. Peran dan struktur Internal Audit Division; matters:
2. Persyaratan untuk auditor internal; 1. Roles and structure of Internal Audit Division;
3. Tujuan, tugas, tanggung jawab dan wewenang 2. Requirements for internal auditors;
Internal Audit Division; 3. Objectives, duties, responsibilities, and authority
4. Hubungan dengan auditor eksternal; of Internal Audit Division;
5. Akuntabilitas, independensi, dan standar profesi 4. Relationship with external auditors;
Internal Audit Division; dan 5. Accountability, independence, and professional
6. Pedoman dan kode etik Internal Audit Division. standards of Internal Audit Division; and
6. Guidelines and code of conduct of Internal Audit
Division.
Pihak yang Mengangkat dan Party Appointing and Dismissing the
Memberhentikan Internal Audit Division Internal Audit Division Manager
Manager
Internal Audit Division dipimpin oleh Internal Audit The Internal Audit Division is led by an Internal
Division Manager yang ditunjuk oleh Direktur Utama Audit Division Manager, who is appointed by the
dengan persetujuan Dewan Komisaris. Internal Audit President Director and approved by the Board
Division Manager bertanggung jawab kepada Direktur of Commissioners. The Internal Audit Division
Utama dan secara fungsional melapor kepada Dewan Manager is responsible to the President Director and
Komisaris (Komite Audit). functionally reports to the Board of Commissioners
(Audit Committee).
Kedudukan Audit Internal dalam Internal Audit Position in the Company
Perseroan
Internal Audit Division adalah unit kerja yang The Internal Audit Division is a unit conducting audit
menjalankan kegiatan audit bagi Perseroan dengan for the Company by submitting reports on findings
menyampaikan laporan hasil temuan berdasarkan based on data and conditions with accountable
data dan kondisi yang dapat dipertanggung jawabkan accuracy. In 2025, the organizational structure of the
keakuratannya. Pada 2025, struktur organisasi Internal Audit Division was as follows:
Internal Audit Division adalah sebagai berikut:
Internal Audit Division
Division Manager
Internal Audit Office
Senior Staff
Risk Based Audit Administration Officer
Senior Auditor
Auditor
Laporan Tahunan 2025 Annual Report 353
Page 354
Profil Pejabat Audit Internal
Profile of Internal Audit’s Official
YULIANA 48
tahun
years old
Audit Internal Division Manager Indonesia
Indonesian
Domisili
Jakarta
Domicile
• Surat Keputusan Direksi Nomor 012/Kpts/Dir/ITP/XI/2022
tanggal 29 November 2022 tentang Penunjukan Internal Audit
Division Manager.
• Surat Keputusan Dewan Komisaris Nomor 003/Kpts/Kom/
Dasar Hukum ITP/XI/2022 tanggal 29 November 2022 tentang Persetujuan
Pengangkatan Penunjukan Internal Audit Division Manager.
Legal Basis of • Board of Directors’ Decision Letter No. 012/Kpts/Dir/ITP/
Appointment XI/2022 dated 29 November 2022 on the Appointment of
Internal Audit Division Manager.
• Board of Commissioners’ Decision Letter No. 003/Kpts/Kom/
ITP/XI/2022 dated 29 November 2022 on Approval of the
Appointment of Internal Audit Division Manager.
Riwayat Pendidikan
Educational Background
Sarjana Akuntansi, Sekolah Tinggi Ilmu Ekonomi Institut Bisnis Bachelor of Accounting, Sekolah Tinggi Ilmu Ekonomi Institut
dan Informatika Indonesia (2000) Bisnis dan Informatika Indonesia (2000)
Sertifikasi Profesi
Professional Certification
• Indonesia Internal Audit Practicioner (IIAP) (2025) • Indonesia Internal Audit Practicioner (IIAP) (2025)
• Internal Audit Practicioner (IAP) (2025) • Internal Audit Practicioner (IAP) (2025)
Riwayat Pekerjaan
Work Experience
• Auditor Senior, Kantor Akuntan Publik Ernst & Young • Senior Auditor, Ernst & Young Public Accounting Firm
(2000–2004) (2000–2004)
• Supervisor Akuntansi, Global Group (2004–2008) • Accounting Supervisor, Global Group (2004–2008)
• Manajer Keuangan, Akuntansi & Pajak, PT Kencana Gemilang • Finance, Accounting & Tax Manager, PT Kencana Gemilang
(2008–2009) (2008–2009)
• Manajer Keuangan, Akuntansi & Pajak, PT Argenta Adhiloka • Finance, Accounting & Tax Manager, PT Argenta Adhiloka
Pratama (2009–2010) Pratama (2009–2010)
• Keuangan, Akuntansi & Pajak, PT Bahana Indonor (2010–2014) • Finance, Accounting & Tax, PT Bahana Indonor (2010–2014)
• Staf Senior Indocement (2010–2014) • Indocement Senior Staff (2010–2014)
• Manajer Akuntansi, PT Pionirbeton Industri (2014–2019) • Accounting Manager, PT Pionirbeton Industri (2014–2019)
• Wakil Direktur Keuangan, PT Pionirbeton Industri (2019–2022) • Deputy CFO, PT Pionirbeton Industri (2019–2022)
Jabatan Lainnya
Concurrent Positions
Tidak ada None
Hubungan Afiliasi
Affiliation Relationship
Tidak memiliki hubungan afiliasi dengan anggota Dewan Not affiliated with members of the Board of Commissioners,
Komisaris, Direksi dan pemegang saham Board of Directors, and shareholders
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Tata Kelola Perusahaan
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Kode Etik Auditor Auditor’s Code of Conduct
Internal Audit Division selalu bekerja untuk memastikan The Internal Audit Division always ensures that the
bahwa sistem pengendalian internal dilaksanakan internal control system is applied effectively and
secara efektif dan efisien dengan penerapan prosedur efficiently by implementing control procedures in
pengendalian sesuai dengan Manual Kerja dan Piagam accordance with the Company’s Internal Audit Charter
Audit Internal Perseroan. Sebagai acuan ke arah and Manual. As a reference to global best practices,
global best practices, Internal Audit Division juga the Internal Audit Division also uses standards and
menggunakan standar dan kode etik yang diterbitkan codes of conduct issued by the Institute of Internal
oleh Institute of Internal Auditor (IIA), yaitu: Auditors (IIA), which are as follows:
1. Integritas 1. Integrity
a. Harus melaksanakan pekerjaannya dengan a. Shall perform its work with honesty, sincerity,
kejujuran, kesungguhan, dan tanggung jawab; and responsibility;
b. Harus menaati hukum dan membuat b. Shall adhere to the law and make disclosures
pengungkapan sesuai hukum dan profesinya; according to the law and the profession;
c. Tidak boleh secara sadar terlibat dalam c. Shall not consciously engage in illegal
kegiatan yang ilegal, atau terlibat dalam activities, or engage in activities that can
tindakan yang dapat mendiskreditkan discredit the internal audit profession or the
profesi internal audit atau mendiskreditkan organization; and
organisasinya; dan d. Shall respect and support the legitimate and
d. Harus menghormati, dan menyumbang ethical organizational goals.
kepada, tujuan organisasi yang sah dan etis. 2. Objectivity
2. Objektivitas a. Shall not participate in any activities or
a. Tidak boleh berpartisipasi dalam kegiatan relationships that can, or should be suspected
atau hubungan apapun yang dapat, atau patut of being able to, hinder its ability to provide an
diduga dapat, mengurangi kemampuannya objective assessment. Included in this matter
untuk melakukan penilaian secara objektif. is any activity or relationship that results in a
Termasuk dalam hal ini adalah kegiatan atau conflict of interest with the organization;
hubungan yang menimbulkan konflik dengan b. Shall not accept anything that can, or should
kepentingan organisasinya; be suspected of being able to, interfere with
b. Tidak boleh menerima bentuk apapun yang their professional judgment; and
dapat, atau patut diduga dapat, memengaruhi c. Shall disclose all important facts, which are
pertimbangan profesionalnya; dan facts that if these are not disclosed, they
c. Harus mengungkapkan semua fakta-fakta can distort the report of the activity being
penting yang diketahuinya, yaitu fakta-fakta reviewed.
yang jika tidak diungkapkan dapat mendistorsi 3. Confidentiality
laporan dari kegiatan yang ditinjau. a. Shall be careful in using and maintaining
3. Kerahasiaan information obtained in its duty
a. Harus bersikap hati-hati dalam menggunakan implementation; and
dan menjaga informasi yang diperoleh dalam b. Shall not use information for personal gain,
pelaksanaan tugasnya; dan or for matters that could harm the legitimate
b. Tidak boleh menggunakan informasi untuk and ethical goals of the organization.
mendapatkan keuntungan pribadi, atau 4. Competence
untuk hal-hal yang dapat merugikan tujuan a. Shall perform services that can be completed
organisasi yang sah dan etis. by using knowledge, expertise, and experience;
4. Kompetensi b. Shall perform internal audit services in
a. Harus melakukan jasa yang dapat diselesaikan accordance with the International Standards
dengan menggunakan pengetahuan, keahlian, for Professional Practices of Internal Auditing
dan pengalaman yang dimilikinya; (ISPPIA); and
b. Melakukan jasa audit internal sesuai dengan c. Shall always improve expertise and
Standar Profesi Internal Audit (Internasional effectiveness as well as the quality of the
Standards for the Professional Practices of services provided.
Internal Auditing-ISPPIA); dan
c. Harus senantiasa meningkatkan keahlian
dan efektivitas serta kualitas dari jasa yang
diberikan.
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Tugas dan Tanggung Jawab Internal Duties and Responsibilities of Internal
Audit Division Audit Division
Dalam menjalankan tugas dan tanggung jawabnya, In performing its duties and responsibilities, the
Internal Audit Division memegang teguh prinsip Internal Audit Division upholds the principles of
integritas, objektivitas, kerahasiaan, dan kompetensi integrity, objectivity, confidentiality, and competence
sesuai dengan Piagam Audit Internal Perseroan, yang in accordance with the Company’s Internal Audit
mencakup Kode Etik terkait. Charter, which includes the relevant Code of Conduct.
Tanggung jawab Internal Audit Division adalah: The responsibilities of the Internal Audit Division are:
1. Menyiapkan dan melaksanakan rencana dan 1. Preparing and implementing an annual internal
anggaran aktivitas audit internal tahunan audit plan and budget based on risk priorities in
berdasarkan prioritas risiko sesuai dengan tujuan accordance with the Company’s objectives;
Perseroan; 2. Testing and evaluating the implementation of
2. Menguji dan mengevaluasi pelaksanaan internal control and risk management systems in
pengendalian internal dan sistem manajemen accordance with Company’s policies;
risiko sesuai dengan kebijakan Perseroan; 3. Auditing and assessing efficiency and
3. Melakukan pemeriksaan dan penilaian atas effectiveness in all activities of the Company and
efisiensi dan efektivitas di seluruh bidang its subsidiaries;
kegiatan Perseroan dan entitas anak; 4. Providing suggestions for improvement and
4. Memberikan saran perbaikan dan informasi yang objective information about the activities audited
objektif tentang kegiatan yang diperiksa pada at all management levels;
semua tingkatan manajemen; 5. Preparing reports on audit results and submitting
5. Membuat laporan hasil audit dan menyampaikan these reports to relevant management, Board of
laporan tersebut kepada manajemen terkait, Directors, Board of Commissioners, and Audit
Direksi, Dewan Komisaris dan Komite Audit; Committee;
6. Memantau, menganalisis dan melaporkan 6. Monitoring, analyzing, and reporting the follow-
pelaksanaan tindak lanjut perbaikan yang telah ups for recommended improvements;
disarankan; 7. Developing programs to evaluate the audit
7. Menyusun program untuk mengevaluasi mutu quality; and
kegiatan audit yang dilakukannya; dan 8. Conducting special audit if necessary.
8. Melakukan pemeriksaan khusus apabila diperlukan.
Internal Audit Division melakukan penilaian terhadap Internal Audit Division evaluates the control process,
proses, risiko dan sistem pengendalian di Perseroan risk, and system in the Company and its subsidiaries.
dan entitas anak. Selain itu, Internal Audit Division The Internal Audit Division also has an important
juga berperan penting dalam membantu setiap role in assisting every management member to
anggota manajemen dalam melaksanakan tugas dan effectively perform duties and responsibilities, such
tanggung jawab mereka secara efektif, seperti: as:
1. Membantu semua anggota manajemen dalam 1. Effectively assisting all members of the
pelaksanaan tanggung jawab secara efektif management in performing their responsibilities
dengan cara: by:
a. Memberikan analisa dan penilaian yang a. Providing an objective analysis and assessment
objektif mengenai kegiatan yang dikaji ulang; on reviewed activities;
b. Mengidentifikasi berbagai operasi dan praktik b. Identifying various operations and good
yang baik sebagai referensi; practices for references;
c. Mengidentifikasi kelemahan/kekurangan c. Identifying weakness/disadvantage of system
desain sistem; design;
d. Mengkaji ulang efektivitas prakarsa mitigasi d. Reviewing the effectiveness of risk mitigation
risiko; dan initiatives; and
e. Mengkaji ulang efektivitas implementasi tata e. Reviewing the effectiveness of good corporate
kelola perusahaan; governance implementation;
2. Menilai desain, efektivitas dan penerapan 2. Assessing the design, effectiveness, and
pengendalian administrasi, keuangan, operasi, implementation of administrative, financial,
dan keamanan serta keandalan dan integritas operating, and security controls as well as the
data terkait yang dikembangkan dan dilaporkan reliability and integrity of the related data that is
oleh Perseroan; developed and reported by the Company;
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3. Mengevaluasi kecukupan dari kepatuhan 3. Evaluating the adequacy of compliance with
terhadap rencana, kebijakan dan prosedur plans, policies and procedures, and the
dan kepatuhan Perseroan terhadap peraturan Company’s compliance with the applicable laws
perundang-undangan yang berlaku; and regulations;
4. Memastikan kecukupan kontrol untuk menjaga 4. Ensuring the adequacy of controls to safeguard
aset Perseroan dan jika dipandang tepat, Company assets and, if deemed appropriate,
memverifikasi keberadaan aset; verifying the existence of assets;
5. Melakukan audit khusus yang ditugaskan 5. Conducting special audits assigned directly by the
langsung oleh manajemen Perseroan, Direksi management of the Company, Board of Directors,
atau Komite Audit; dan or Audit Committee; and
6. Melakukan penilaian terhadap penggunaan 6. Conducting an assessment of the economical
yang ekonomis dan efisien atas sumber daya and efficient use of the Company’s resources
Perseroan dan membuat rekomendasi yang tepat and providing appropriate recommendations to
untuk manajemen. the management.
Audit Internal memberikan keyakinan, serta Internal Audit provides assurance, as well as
konsultasi yang bersifat independen dan objektif, independent and objective consultation, to generate
untuk menghasilkan nilai tambah dan meningkatkan added value and improve operational activities. The
kegiatan operasional. Internal Audit Division Internal Audit Division supports the Company’s goals
mendukung maksud dan tujuan Perseroan melalui and objectives through a systematic, orderly, and
pendekatan yang sistematis, teratur, dan terstruktur structured approach to evaluating and improving the
dalam mengevaluasi dan meningkatkan efektivitas effectiveness of risk management, internal control,
manajemen risiko, pengendalian internal, dan proses and governance process.
tata kelola.
Wewenang Internal Audit Division meliputi: The authority of the Internal Audit Division includes:
1. Mengakses seluruh informasi yang relevan 1. Accessing all relevant information about the
tentang Perseroan terkait dengan tugas dan Company in relation to its duties and functions;
fungsinya; 2. Communicating directly with the Board of
2. Melakukan komunikasi langsung dengan Direksi, Directors, Board of Commissioners, and Audit
Dewan Komisaris, dan Komite Audit; Committee;
3. Mengadakan rapat secara berkala dan insidentil 3. Holding regular and incidental meetings with the
dengan Direksi, Dewan Komisaris, dan Komite Board of Directors, Board of Commissioners, and
Audit; dan Audit Committee; and
4. Melakukan koordinasi kegiatannya dengan 4. Coordinating its activities with the activities of
kegiatan auditor eksternal. external auditors.
Kewajiban Internal Audit Division Obligations of Internal Audit Division
Untuk mencapai tujuannya, Internal Audit Division To achieve its objectives, the Internal Audit Division
berkewajiban melaksanakan kegiatan yang is required to conduct activities constituting the
merupakan fungsi audit internal yang meliputi: internal audit function, which include:
1. Memastikan kecukupan dan mengadakan 1. Ensuring adequacy and assessing the Company’s
penilaian sistem pengendalian manajemen management control system related to the
Perseroan terkait operasional Perseroan; Company’s operations;
2. Mengevaluasi apakah pelaksanaan kegiatan 2. Evaluating whether activities are implemented
sesuai dengan rencana, prosedur, dan kebijakan according to plans, procedures, and policies
yang telah ditetapkan; established;
3. Menilai apakah kekayaan dan aset Perseroan 3. Assessing whether the Company’s wealth and
dapat dipertanggungjawabkan dan menjaga assets are accounted for and guard against
segala potensi risiko kerugian, sehingga dapat all potential risks of loss, so as to be utilized
dimanfaatkan secara optimal oleh Perseroan; dan optimally by the Company; and
4. Melakukan analisa dan evaluasi efektivitas sistem 4. Analyzing and evaluating effectiveness of system
dan prosedur pada semua bagian dan unit bidang and procedure in all divisions and units of the
kegiatan Perseroan. Company’s activities.
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Kualifikasi Karyawan Internal Audit Qualifications of Internal Audit
Division Division’s Officers
Untuk memperkuat risk-based audit terhadap To strengthen risk-based audit of the Company’s
operasi Perseroan yang bersifat teknis maka technical operations, the Internal Audit Division
kualifikasi karyawan Internal Audit Division terdiri officers consist of Bachelor of Economics and
dari Sarjana Ekonomi dan Sarjana Teknik. Berikut Bachelor of Engineering. The qualifications held by
disampaikan kualifikasi yang dimiliki karyawan the Internal Audit Division officers until the end of
Internal Audit Division hingga akhir 2025. 2025 are presented in the followings.
Nama Latar Belakang
Name Background
Yuliana, IAP, IIAP Sarjana Ekonomi
Bachelor of Economics
Fauzan Adi Wibowo Sarjana Teknik
Bachelor of Engineering
Anang Prasakti Sarjana Teknik
Bachelor of Engineering
Novriansyah Kurniawan Sarjana Teknik
Bachelor of Engineering
Rahmad Hidayat Sinaga, IAP, IIAP Sarjana Ekonomi
Bachelor of Economics
Program Kerja dan Realisasi Program Internal Audit Division’s Work Program
Kerja Internal Audit Division and Its Realization
Sepanjang 2025, Internal Audit Division telah Throughout 2025, the Internal Audit Division carried
menjalankan tugas dan tanggung jawabnya dengan out its duties and responsibilities by implementing
menjalankan program kerja sebagai berikut: the following work programs:
Jenis Audit Jumlah Program Jumlah Pelaksanaan
Type of Audit Total Programs Total Audits
Regular Audit 18 19
Special Audit 4 6
Special Project 12 12
Total 34 37
Selain itu, dalam menjalankan tugas dan tanggung Furthermore, in performing its duties and
jawabnya, Internal Audit Division juga melaksanakan responsibilities, the Internal Audit Division also
rapat dengan Direksi dan Komite Audit. Sepanjang held meetings with the Board of Directors and
2025, Internal Audit Division menyelenggarakan Audit Committee. Throughout 2025, the Internal
rapat dengan Direksi sebanyak empat kali dan rapat Audit Division held four meetings with the Board
dengan Komite Audit sebanyak tiga kali. of Directors and three meetings with the Audit
Committee.
Temuan dan Tindak Lanjut Findings and Follow-Ups
Terdapat 93 temuan audit internal dengan 253 There were 93 internal audit findings with 253
rencana tindakan, dan sebanyak 173 rencana action plans, and 173 action plans were already
tindakan telah dilaksanakan. implemented.
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Tata Kelola Perusahaan
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Program Pengembangan Kompetensi Internal Audit Division
Competence Development Program of Internal Audit Division
Pelatihan Fauzan Adi Anang Rahmad
Yuliana Novriansyah K.
Training W. Prasakti H.S.
GPS On, Masalah Gone: Mengenal Teknologi GPS Untuk - √ √ √ √
Keseharian Dan Bisnis
GPS On, Problems Gone: Understanding GPS Technology
for Everyday Life and Business
Keselamatan Dasar: Keselamatan Berbasis Perilaku - - √ - -
Basic Safety: Behavior Based Safety
Kesadaran Keamanan Komputer √ √ √ √ √
Computer Security Awareness
EY Forensics Indonesia Thought Leadership – √ - - - -
Pertanggungjawaban Pidana Korporasi
EY Forensics Indonesia Thought Leadership – Corporate
Criminal Liability
Pelatihan Ketaatan Etika Grup √ √ √ √ √
Group Ethics Compliance Training
Penanganan Limbah B3 √ - √ √ √
Hazardous Waste Handling
Konferensi IIA–Audit untuk Masa Depan: Strategis, Siap √ - - - -
Menghadapi Tantangan, Berkelanjutan
IIA Conference–Audit For Tomorrow: Strategic, Future-
Ready, Sustainable
IMI Cares You–Intergenerational Leadership: Kolaborasi - √ √ - √
Peduli Lintas Generasi Untuk Tantangan Global
IMI Cares for You–Intergenerational Leadership: Caring
Collaboration Across Generations for Global Challenges
Investigasi Dasar dan Pelaporan - - - - √
Basic Investigation and Reporting
Kesadaran Keamanan Siber - √ √ √ -
Cyber Security Awareness
Pencegahan Korupsi di HeidelbergCement √ √ √ √ √
Preventing Corruption At Heidelbergcement
Manajemen Supervisi - - - - √
Supervisory Management
Lokakarya: Akal Imitasi dalam Dunia Kerja Kita - √ √ √ √
Talkshow: Atificial Intelligence in Today’s Workplace
The Seven Habits - - √ √ -
Webinar AI: Era AI Dan Media Sosial– Bagaimana Kita - √ √ - -
Mengoptimalisasinya?
AI Webinar: The Age of AI and Social Media—How Do We
Optimize It?
IIA–Lokakarya Penjaminan Kualitas √ - - - -
IIA–Workshop Quality Assurance
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Manajemen Risiko Risk Management Sepanjang 2025, Indocement secara konsisten Throughout 2025, Indocement consistently memperkuat penerapan manajemen risiko sebagai strengthened the implementation of risk bagian integral dari tata kelola perusahaan yang baik management as an integral part of good corporate (GCG). Dalam menghadapi dinamika industri semen, governance (GCG). In facing the dynamics of cement perubahan regulasi, serta tantangan ekonomi global, industry, regulatory changes, and global economic Perseroan menempatkan manajemen risiko sebagai challenges, the Company places risk management fondasi pengambilan keputusan yang berbasis as the foundation of prudent decision-making. kehati-hatian. Pendekatan ini tidak hanya bertujuan This approach aims not only to mitigate potential untuk memitigasi potensi kerugian, tetapi juga losses but also to ensure business continuity that is untuk memastikan keberlangsungan usaha yang oriented toward long-term value for all stakeholders. berorientasi pada nilai jangka panjang bagi seluruh pemangku kepentingan. Penerapan manajemen risiko di Indocement Risk management at Indocement is implemented dijalankan melalui kerangka kerja yang terstruktur through a structured and comprehensive framework, dan komprehensif, mencakup identifikasi, evaluasi, encompassing identification, evaluation, and serta pemantauan risiko pada seluruh aspek monitoring of risks across all operational, financial, operasional, keuangan, dan strategis. Perseroan and strategic aspects. The Company regularly secara rutin memperbaharui peta risiko (risk map) updates its risk map, reflecting the likelihood yang mencerminkan tingkat kemungkinan dan and impact of each key risk, including market, dampak dari setiap risiko utama, termasuk risiko operational, environmental, occupational safety, pasar, operasional, lingkungan, keselamatan kerja, and technology risks. Strengthening work unit serta risiko teknologi. Penguatan kapabilitas unit capabilities in identifying and managing risks is a kerja dalam mengenali dan mengelola risiko menjadi priority through increased human resource capacity prioritas melalui peningkatan kapasitas sumber daya and implementation of a more integrated and data- manusia dan penerapan sistem pelaporan berbasis driven reporting system. data yang lebih terintegrasi. Dalam praktiknya, fungsi manajemen risiko In practice, the risk management function berkolaborasi erat dengan Komite Audit dan Divisi collaborates closely with Audit Committee and Internal Audit untuk memastikan efektivitas Internal Audit Division to ensure the effectiveness pengendalian internal serta kepatuhan terhadap of internal controls and compliance with company kebijakan dan prosedur perusahaan. Mekanisme policies and procedures. A more transparent pelaporan risiko yang lebih transparan dan berbasis and information technology-based risk reporting teknologi informasi memungkinkan manajemen mechanism enables the management to anticipate untuk mengantisipasi isu-isu strategis secara lebih strategic issues early. The Company also continues dini. Perseroan juga terus menyempurnakan kebijakan to refine its risk management policies in line with manajemen risiko yang sejalan dengan pedoman Financial Services Authority (OJK) guidelines and Otoritas Jasa Keuangan (OJK) dan praktik terbaik di best practices in sustainable manufacturing industry. industri manufaktur berbasis keberlanjutan. Melalui penerapan manajemen risiko yang adaptif dan Through the implementation of adaptive and long- berorientasi jangka panjang, Indocement berkomitmen term risk management, Indocement is committed menjaga resiliensi perusahaan di tengah transformasi to maintaining the Company’s resilience amid industri dan tantangan lingkungan global. Strategi industrial transformation and global environmental ini menjadikan Indocement tidak hanya tangguh challenges. This strategy makes Indocement not dalam menghadapi ketidakpastian, tetapi juga siap only resilient in facing uncertainty but also ready memanfaatkan peluang pertumbuhan baru secara to responsibly take advantage of new growth bertanggung jawab. Dengan prinsip transparansi, opportunities. With the principles of transparency, 360 Laporan Tahunan 2025 Annual Report
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akuntabilitas, dan keberlanjutan, Perseroan terus accountability, and sustainability, the Company
memperkuat posisinya sebagai pelaku industri semen continuously strengthens its position as a leading
terkemuka yang mengedepankan tata kelola dan cement industry player that prioritizes sustainable
mitigasi risiko secara berkesinambungan. governance and risk mitigation.
Kebijakan Manajemen Risiko Risk Management Policy
Kebijakan manajemen risiko di Indocement Risk management policy at Indocement is designed
dirancang sebagai bagian integral dari penerapan as an integral part of GCG principles implementation
prinsip GCG dan menjadi landasan utama dalam and serves as the main foundation for all business
seluruh aktivitas usaha Perseroan. Kebijakan ini activities of the Company. This policy aims to
bertujuan memastikan bahwa setiap pengambilan ensure that every decision is made in a measured,
keputusan dilakukan secara terukur, berbasis data, data-driven manner, and oriented towards long-
dan berorientasi pada keberlanjutan jangka panjang. term sustainability. Through the systematic
Melalui penerapan manajemen risiko yang sistematis, implementation of risk management, the Company
Perseroan berupaya menjaga keseimbangan antara strives to maintain a balance between achieving
pencapaian target bisnis dan pengendalian potensi business targets and controlling potential risks that
risiko yang dapat memengaruhi kinerja operasional, could impact operational performance, finance, and
keuangan, maupun reputasi perusahaan. the Company’s reputation.
Indocement menerapkan kerangka kerja manajemen Indocement implements risk management
risiko yang mencakup proses identifikasi, penilaian, framework that encompasses the process of
mitigasi, pemantauan, dan pelaporan risiko di identifying, assessing, mitigating, monitoring,
seluruh lini organisasi. Kebijakan ini menegaskan and reporting risks across the organization. This
bahwa setiap unit kerja memiliki tanggung jawab policy emphasizes that each work unit is actively
aktif dalam mengenali dan mengelola risiko pada responsible to recognize and manage risks within
area tanggung jawabnya masing-masing. Fungsi its respective areas of responsibility. The Company’s
Manajemen Risiko Perseroan bertindak sebagai Risk Management Function acts as the main
koordinator utama yang memfasilitasi proses coordinator that facilitates periodic risk assessment
penilaian risiko secara berkala dan memastikan process and ensures that the mitigation measures
bahwa langkah mitigasi yang diterapkan telah sesuai implemented are in line with the risk tolerance level
dengan tingkat toleransi risiko (risk appetite) yang (risk appetite) determined by the Board of Directors
ditetapkan oleh Direksi dan Dewan Komisaris. and Board of Commissioners.
Selain itu, kebijakan manajemen risiko Indocement Furthermore, Indocement’s risk management
menetapkan mekanisme komunikasi dan pelaporan policy establishes a tiered risk communication and
risiko secara berjenjang untuk menjamin transparansi reporting mechanism to ensure transparency and
dan respons yang cepat terhadap potensi ancaman. rapid response to potential threats. This process is
Proses ini diperkuat dengan dukungan teknologi reinforced by information technology and integrated
informasi dan sistem pelaporan yang terintegrasi, reporting system, enabling a more effective decision-
memungkinkan pengambilan keputusan yang lebih making based on up-to-date data. The internal audit
efektif dan berbasis pada data terkini. Fungsi audit function plays a role in assessing the effectiveness
internal turut berperan dalam menilai efektivitas of this policy implementation and providing
penerapan kebijakan ini serta memberikan recommendations for continuous improvement.
rekomendasi perbaikan berkelanjutan.
Seluruh kebijakan dan pedoman manajemen risiko di All risk management policies and guidelines at
Indocement disusun dengan mengacu pada peraturan Indocement are developed in accordance with
OJK, standar internasional ISO 31000:2018, serta OJK regulations, the international standard ISO
praktik terbaik industri manufaktur. Dengan kebijakan 31000:2018, and best practices in manufacturing
ini, Indocement berkomitmen untuk membangun industry. With this policy, Indocement is committed
budaya sadar risiko (risk-awareness culture) di seluruh to building a risk-aware culture at all levels of the
tingkatan organisasi, memperkuat ketahanan korporasi organization, strengthening corporate resilience to
terhadap dinamika eksternal, dan memastikan external dynamics, and ensuring a sustainable and
keberlanjutan pertumbuhan yang bertanggung jawab. responsible growth.
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Struktur Pengelolaan Manajemen Risiko Risk Management Structure
Pengelolaan manajemen risiko di Perseroan Risk management in the Company implements the
menerapkan Three Lines of Defense yang Three Lines of Defense developed by the Company,
dikembangkan Perseroan dan Internal Audit Division and the Internal Audit Division is responsible for
bertanggung jawab menjalankan fungsi Third Line carrying out the function of Third Line of Defense by
of Defense dengan berkoordinasi secara langsung directly coordinating with the Board of Directors and
dengan Direksi dan Dewan Komisaris atau Komite Board of Commissioners or Audit Committee.
Audit.
Dewan Komisaris melalui Komite Audit
Board of Commissioners through Audit Committee
Direksi
Board of Directors
Manajemen Risiko dan
Fungsi dan Unit Bisnis Audit Internal
Function and Business Unit
Kepatuhan Internal Audit
Risk Management and Compliance
• Lingkungan pengendalian • Mengembangkan dan • Melakukan peninjauan
yang kondusif memantau manajemen dan evaluasi rancang
• Konsistensi pelaksanaan risiko secara keseluruhan bangun dan implementasi
kebijakan dan prosedur • Pengawasan agar fungsi manajemen risiko secara
manajemen risiko bisnis melaksanakan keseluruhan
• Pengendalian internal yang kebijakan dan standar • Memastikan bahwa
efektif prosedur manajemen risiko pertahanan lini pertama
• Conducive control • Memantau dan melaporkan dan kedua berjalan sesuai
environment risiko-risiko Perseroan harapan
• Consistency of secara keseluruhan • Reviewing and evaluating
implementation of risk • Developing and the overall design and
management policy and monitoring the overall risk implementation of risk
procedure management management management
policy and procedure • Overseeing so as business • Ensuring that the first and
• Effective internal control function implements risk second lines of defense run
management policies and as expected
standars procedures
• Monitoring and reporting
the overall Company risks
Pertahanan Lini Pertama Pertahanan Lini Kedua Pertahanan Lini Ketiga
First Line of Defense Second Line of Defense Third Line of Defense
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Tata Kelola Perusahaan
Corporate Governance
Manajemen Risiko
Risk Management
Akses dan Pengukuran,
Analisis Risiko Kontrol, dan Monitor
Risk Access and Measurement,
Analysis Control, and Monitor
Implementasi Identifikasi Risiko Rencana Aksi
Implementation Identification of Risk Action Plan
Perseroan telah merancang sistem manajemen risiko The Company has designed a comprehensive risk
yang komprehensif untuk mendukung efektivitas management system to support the effectiveness
proses pengelolaan risiko di seluruh lingkungan kerja. of risk management processes throughout the work
Sistem ini berfungsi sebagai perangkat utama dalam environment. This system serves as the main tool
pelaksanaan manajemen risiko di setiap unit kerja for implementing risk management in each work
dan dirancang agar dapat diimplementasikan secara unit and is designed for consistent implementation
konsisten di seluruh tingkat organisasi. Dengan at all levels of the organization. By implementing
penerapan sistem ini, Perseroan memastikan bahwa this system, the Company ensures that all business
seluruh aktivitas usaha dijalankan secara terukur activities are carried out in a measured manner and
dan berlandaskan prinsip kehati-hatian. based on prudent principles.
Sistem manajemen risiko Perseroan dikembangkan The Company’s risk management system is
berdasarkan ketentuan perundang-undangan yang developed based on applicable laws and regulations
berlaku serta mengacu pada praktik terbaik (best and refers to best practices in business world. The
practices) di dunia usaha. Sistem tersebut mencakup system encompasses all stages of risk management
seluruh tahapan pengelolaan risiko — mulai — from identification, assessment, control, to
dari identifikasi, penilaian, pengendalian, hingga monitoring and reporting — which are implemented
pemantauan dan pelaporan risiko — yang dijalankan as a continuous and adaptive process to business
sebagai proses berkelanjutan dan adaptif terhadap dynamics. Through this framework, the Company
dinamika usaha. Melalui kerangka kerja ini, Perseroan strives to maintain a balance between achieving
berupaya menjaga keseimbangan antara pencapaian business objectives and controlling potential risks
tujuan bisnis dan pengendalian potensi risiko yang that could impact operational continuity.
dapat memengaruhi kelangsungan operasi.
Proses manajemen risiko di lingkungan Perseroan Risk management process within the Company
dilaksanakan dalam kerangka kerja yang terintegrasi, is implemented in an integrated framework,
mencakup seluruh risiko yang diidentifikasi encompassing all identified risks that impact
berpengaruh terhadap kegiatan usaha. Perseroan business activities. The Company actively manages
secara aktif mengelola unsur ketidakpastian yang uncertainties arising from internal and external
timbul dari faktor internal maupun eksternal factors that could affect the achievement of
yang dapat berdampak pada pencapaian sasaran corporate goals. In line with the industry dynamics
korporasi. Seiring dengan dinamika industri dan and the increasingly rapid and complex business
perubahan iklim bisnis yang semakin cepat serta climate changes, strengthening risk management is
kompleks, penguatan pengelolaan risiko menjadi a strategic step to maintain the Company’s resilience
langkah strategis untuk menjaga ketahanan dan and competitiveness.
daya saing Perseroan.
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Sebagai acuan utama dalam pelaksanaan As the main reference for implementing risk
pengelolaan risiko, Perseroan telah menetapkan management, the Company has established a Risk
Kebijakan Manajemen Risiko yang berlaku bagi Management Policy that applies to all divisions. Risk
seluruh divisi. Pengelolaan manajemen risiko berada management is under the responsibility of the Board
di bawah tanggung jawab Direksi dengan pengawasan of Directors, with direct supervision from the Board
langsung dari Dewan Komisaris. Evaluasi dan of Commissioners. Evaluation and assessment on
penilaian terhadap efektivitas pengendalian risiko the effectiveness of risk control are conducted
dilakukan secara berkala, dan Dewan Komisaris periodically, and the Board of Commissioners
berwenang memberikan rekomendasi untuk is authorized to provide recommendations for
penyempurnaan sistem manajemen risiko yang improvements to a more comprehensive risk
lebih komprehensif. Dengan demikian, Perseroan management system. Thus, the Company can
dapat mengelola portofolio risikonya secara efektif, effectively manage its risk portfolio, take appropriate
mengambil langkah preventif yang tepat, serta preventive measures, and maximize opportunities to
memaksimalkan peluang guna mencapai target laba achieve profit targets sustainably.
secara berkelanjutan.
Profil Risiko dan Upaya Mitigasi Risk Profile and Mitigation Efforts
Perseroan mengidentifikasi risiko utama yang The Company identifies the main risks that may
berpotensi memiliki dampak terhadap operasional potentially influence business operations, and
bisnis, serta dirumuskan langkah mitigasi yang formulates mitigation measures aimed at controlling
bertujuan mengendalikan dampak dari risiko yang the impact of such risks.
dihadapi.
Beberapa risiko utama beserta langkah mitigasi yang Some of the main risks along with the mitigation
telah dirumuskan oleh Perseroan adalah sebagai measures that have been formulated by the
berikut: Company are as follows:
1. Risiko Pasar 1. Market Risk
Risiko pasar adalah risiko dimana nilai wajar Market risk is the risk that the fair value of
dari arus kas masa depan dari suatu instrumen future cash flows of a financial instrument will
keuangan akan berfluktuasi karena perubahan fluctuate because of changes in market prices.
harga pasar. Perseroan dipengaruhi oleh risiko The Company is exposed to market risks, in
pasar, terutama risiko mata uang asing dan risiko particular, foreign currency risk and commodity
harga komoditas. price risk.
Upaya mitigasi: Mitigation efforts:
Perseroan membatasi jumlah eksposur risiko The Company limits the number of market risk
pasar sesuai dengan batasan yang diizinkan exposures in accordance with the permitted limits
dan memonitor tingkat volatilitas harga pasar and monitors the volatility level of market price
instrumen keuangan yang dimiliki dan melakukan of the financial instruments held and changes
perubahan posisi sesuai dengan batasan risk position in accordance with the Company’s risk
appetite Perseroan. appetite limits.
2. Risiko Mata Uang Asing 2. Risk of Foreign Currency
Risiko mata uang asing adalah risiko dimana Risk of foreign currency is the risk that the fair
nilai wajar atau arus kas masa mendatang dari value or future cash flows of a financial instrument
suatu instrumen keuangan berfluktuasi karena will fluctuate because of changes in foreign
perubahan dari nilai tukar mata uang asing. exchange rates. The Company’s exposure to the
Pengaruh dari risiko perubahan nilai tukar mata risk of changes in foreign exchange rates relates
uang asing terutama berhubungan dengan primarily to the Company’s operating activities
aktivitas Perseroan ketika pendapatan dan beban when revenues or expenses are dominated in a
terjadi dalam mata uang yang berbeda dari mata currency different from the Company’s functional
uang fungsional Perseroan. Mata uang fungsional currency. The Company’s functional currency and
dan mata uang penyajian Perseroan adalah presentation currency are both the Rupiah. The
Rupiah. Perseroan menghadapi risiko nilai tukar Company faces foreign exchange risk as export
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Tata Kelola Perusahaan
Corporate Governance
mata uang asing karena penjualan ekspor dan sales and the costs of certain key purchases are
beban atas beberapa pembelian utama dalam either denominated in USD or whose price is
mata uang USD atau harganya secara signifikan significantly influenced by their benchmark price
dipengaruhi oleh tolak ukur dalam mata uang movements in foreign currencies (mainly USD)
asing (terutama USD) seperti yang ditetapkan as quoted in the international markets. To the
pada pasar internasional. Dalam hal terdapat extent that the revenues and purchases of the
pendapatan dan pembelian oleh Perseroan Company are denominated in currencies other
dalam mata uang selain Rupiah, maka Perseroan than Rupiah, the Company has an exposure to
menghadapi risiko mata uang asing. foreign currency risk.
Upaya mitigasi: Mitigation efforts:
Perseroan memonitor secara ketat fluktuasi dari The Company closely monitors the foreign
nilai tukar mata uang asing dan ekspektasi pasar exchange rate fluctuation and market expectation
sehingga dapat mengambil langkah-langkah yang so it can take necessary actions that will benefit
akan menguntungkan Perseroan pada waktu yang the Company in due time. Management currently
tepat. Manajemen tidak menganggap perlu untuk does not consider the necessity to enter into any
melakukan transaksi forward/swap mata uang currency forward/swaps.
asing saat ini.
3. Risiko Harga Komoditas 3. Commodity Price Risk
Dampak risiko harga komoditas yang dihadapi The Company’s exposure to commodity price
Perseroan terutama sehubungan dengan risk relates primarily to the purchase of major
pembelian bahan baku utama seperti gipsum, raw materials, such as gypsum, coal, and fuel.
batu bara dan bahan bakar. Harga bahan baku The prices of these raw materials are directly
tersebut secara langsung dipengaruhi oleh affected by the foreign exchange rates (USD) and
nilai tukar mata uang asing (USD) serta tingkat the level of demand and supply in the market.
permintaan dan penawaran di pasar.
Upaya mitigasi: Mitigation efforts:
Kebijakan Perseroan untuk meminimalkan risiko The Company’s policy is to minimize the risks
yang berasal dari fluktuasi harga komoditas arising from the fluctuations in the commodity
adalah dengan mengadakan kontrak pembelian prices by entering purchase contracts with
dengan para pemasok, menjaga tingkat optimal suppliers, maintaining the optimum inventory
persediaan gipsum, batu bara, dan bahan bakar level of gypsum, coal, and fuel to ensure
untuk produksi yang berkelanjutan. Selain itu, continuous production. In addition, the Company
Perseroan juga berusaha mengurangi risiko may seek to mitigate its risks by passing on the
tersebut dengan cara mengalihkan kenaikan price increases to its customers.
harga kepada pelanggannya.
4. Risiko Kredit 4. Credit Risk
Risiko kredit adalah risiko bahwa Perusahaan Credit risk is the risk that the Company will
akan mengalami kerugian yang timbul dari incur a loss arising from its customers’ or
pelanggan atau pihak lawan yang gagal memenuhi counterparties’ failure to fulfill their contractual
kewajiban kontraktual mereka. Risiko kredit obligations. Credit risk arises mainly from trade
terutama berasal dari piutang usaha dari para receivables from customers relating to sale of
pelanggan sehubungan dengan penjualan produk cement and ready-mix concrete products.
semen dan beton siap-pakai.
Upaya mitigasi: Mitigation efforts:
Untuk mengurangi risiko ini, Perseroan mempunyai To mitigate this risk, the Company has policies
kebijakan untuk memastikan penjualan produk in place to ensure that sales of products are
hanya dilakukan kepada pelanggan yang dapat made only to creditworthy customers and have
dipercaya dan mempunyai sejarah kredit a good credit history. It is the Company’s policy
yang baik. Ini merupakan kebijakan Perseroan that all customers who wish to trade on credit
dimana semua pelanggan yang akan melakukan are subject to credit verification procedures.
pembelian secara kredit harus melalui prosedur The Company has policies that limit the amount
verifikasi kredit. Perseroan memiliki kebijakan of credit exposure to any particular customer,
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yang membatasi jumlah kredit untuk pelanggan such as requiring distributors and customers to
tertentu, seperti, mengharuskan distributor dan provide deposits/bank guarantee. In addition,
pelanggan untuk memberikan uang muka/bank receivable balances are monitored on an ongoing
garansi. Selain itu, saldo piutang dimonitor secara basis to reduce the exposure to bad debts.
terus menerus untuk mengurangi kemungkinan
piutang yang tidak tertagih.
Ketika pelanggan tidak mampu melakukan When a customer fails to make payment
pembayaran dalam jangka waktu yang telah within the credit term granted, the Company
diberikan, Perseroan akan menghubungi contacts the customer to act on the overdue
pelanggan untuk menindaklanjuti piutang yang receivable. If the customer does not settle the
telah lewat jatuh tempo. Jika pelanggan tidak overdue receivable within a reasonable time,
melunasi piutang yang telah jatuh tempo dalam then the Company may apply the customer’s
jangka waktu yang wajar, maka Perseroan dapat deposit against the receivable or collect from
menggunakan uang jaminan pelanggan atau available bank guarantee. The Company may
mencairkan bank garansi sebagai penyelesaian proceed to commence legal proceedings if
piutang. Perseroan akan menindaklanjuti melalui deemed necessary. Depending on the Company’s
jalur hukum jika dianggap perlu. Tergantung pada assessment, specific provision may be made if
penilaian Perseroan, cadangan khusus mungkin the receivable is deemed uncollectible.
dibuat jika piutang dianggap tidak tertagih.
Untuk mengurangi risiko kredit, Perseroan akan To reduce credit risk, the Company will stop
menghentikan penyediaan semua produk kepada providing all products to such customer in the
pelanggan jika terjadi keterlambatan pembayaran event of late payment or default. The Company
atau wanprestasi. Perseroan meminimalkan minimizes the credit risk of financial assets
risiko kredit aset keuangan seperti kas di bank such as cash in banks and cash equivalents
dan setara kas dengan memilih bank dengan by choosing a bank with a good reputation for
reputasi baik untuk penempatan dananya. placing funds.
5. Risiko Likuiditas 5. Liquidity Risk
Perseroan mengelola profil likuiditasnya untuk The Company manages its liquidity profile to be
dapat membiayai pengeluaran modalnya dan able to finance its capital expenditure and service
membayar utang yang jatuh tempo dengan its maturing debts by maintaining sufficient cash
menjaga kecukupan kas, dan ketersediaan and the availability of funding through an analysis
pendanaan melalui analisa proyeksi keuangan of financial projection which is performed at the
yang dilakukan pada awal tahun. beginning of year.
Upaya mitigasi: Mitigation efforts:
Perseroan secara berkala mengevaluasi proyeksi The Company regularly evaluates its projected
arus kas dan arus kas aktual untuk memastikan and actual cash flows to ensure the availability of
ketersediaan dana untuk memenuhi kebutuhan funds for its operations and to settle its maturing
operasional dan pembayaran liabilitas yang jatuh obligations. In general, the funds needed to settle
tempo. Secara umum, dana yang dibutuhkan the current liabilities are obtained from sales
untuk melunasi liabilitas jangka pendek diperoleh activities to customers.
dari kegiatan penjualan kepada pelanggan.
Peran Aktif Dewan Komisaris dan Active Roles of Board of Commissioners
Direksi and Board of Directors
Dalam skema Three Lines of Defense yang In the scheme of Three Lines of Defense developed
dikembangkan Perseroan, Dewan Komisaris by the Company, the Board of Commissioners
melalui Komite Audit menjalankan peran aktif through Audit Committee plays an active role in
dalam pengawasan penerapan tata kelola risiko di supervising the implementation of risk governance
Perseroan. Komite Audit secara berkala melakukan in the Company. The Audit Committee periodically
koordinasi dengan Internal Audit Division untuk coordinates with the Internal Audit Division to assess
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Tata Kelola Perusahaan
Corporate Governance
melakukan penilaian dan evaluasi secara berkala and evaluate regularly the effectiveness of risk
atas efektivitas pengendalian tata kelola risiko governance controls and provide recommendations
serta memberikan rekomendasi jika dianggap perlu. if deemed necessary. Meanwhile, the authority
Sedangkan, kewenangan atas pelaksanaan dan over the implementation and management of the
pengelolaan kerangka kerja manajemen risiko telah risk management framework has been given to the
diberikan kepada Direksi dengan menyusun dan Board of Directors by compiling and determining
menetapkan struktur manajemen risiko Perseroan the Company’s risk management structure and
dan struktur akuntabilitas dari setiap lini organisasi accountability structure from every line of the
sampai tingkat terbawah. organization to the lowest level.
Evaluasi Efektivitas Sistem Manajemen Evaluation of the Effectiveness of Risk
Risiko Management System
Manajemen risiko telah berkontribusi positif dalam Risk management has contributed positively to the
proses perencanaan, pengambilan keputusan, dan planning process, decision making, and strengthening
penguatan penerapan tata kelola Perseroan yang the implementation of good corporate governance at
baik di Indocement. Berdasarkan evaluasi yang Indocement. Based on the evaluation conducted in
dilakukan di 2025, penerapan Manajemen Risiko 2025, the Risk Management was implemented properly.
telah berjalan semestinya. Namun, Perseroan However, the Company still needs to prepare a plan to
tetap perlu menyusun rencana sosialisasi secara consistently disseminate the implementation of risk
konsisten penerapan manajemen risiko, membangun management, build a comprehensive risk management
sistem manajemen risiko secara menyeluruh untuk system for the implementation of risk management,
penerapan manajemen risiko, dan implementasi and implement follow-up actions on recommendation
tindak lanjut hasil rekomendasi risk maturity level. results of risk maturity levels.
Pernyataan Direksi dan/atau Dewan Statement of Board of Directors and/
Komisaris atau Komite Audit atas or Board of Commissioners or Audit
Kecukupan Sistem Manajemen Risiko Committee on the Adequacy of Risk
Management System
Perseroan telah menerapkan sistem manajemen The Company has applied a risk management to
risiko untuk menjaga kelangsungan bisnis jangka maintain the long-term business continuity by
panjang dengan memastikan pasokan produk ensuring consistent and reliable supply of the
Perseroan yang konsisten dan dapat diandalkan Company’s products to customers with adequate
kepada pelanggan dengan margin yang memadai margins to maintain future growth and ensure profits
untuk menjaga pertumbuhan di masa depan dan for shareholders. The Board of Directors stated that
memastikan keuntungan bagi para pemegang saham. the risk management system applied in Indocement
Direksi menyatakan bahwa sistem manajemen risiko by Internal Audit is sufficient to identify, evaluate,
yang diterapkan di Indocement oleh Internal Audit mitigate and effectively manage the key risks faced
telah cukup untuk mengidentifikasi, mengevaluasi, by the Company.
memitigasi dan mengelola secara efektif risiko-
risoko utama yang dihadapi Perseroan.
Selain itu, Dewan Komisaris/Komite Audit dan Direksi Furthermore, the Board of Commissioners/Audit
berkomitmen untuk memastikan bahwa risiko-risiko Committee and Board of Directors are committed
utama telah diidentifikasi, dievaluasi, dimitigasi, dan to ensuring that key risks have been identified,
dikelola secara efektif. evaluated, mitigated and managed effectively.
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Sistem Pengendalian Internal Internal Control System Penerapan Sistem Pengendalian Internal (SPI) The implementation of Internal Control System (SPI) di Indocement bertujuan untuk meningkatkan at Indocement aims to improve the effectiveness efektivitas dan efisiensi pengelolaan serta menjamin and efficiency of management and ensure the keandalan pelaporan keuangan, operasional, reliability of financial and operational reporting dan kepatuhan terhadap peraturan perundang- as well as compliance with the applicable laws undangan yang berlaku di Indonesia. Sistem ini and regulations in Indonesia. This system serves berfungsi sebagai perangkat manajerial yang as a managerial tool that assists the Company in membantu Perseroan dalam mengidentifikasi, identifying, controlling, and mitigating risks that may mengendalikan, dan memitigasi risiko yang mungkin arise in the implementation of business activities, timbul dalam pelaksanaan kegiatan usaha, dengan while remaining compliant with GCG principles. tetap berlandaskan prinsip-prinsip GCG. Implementasi SPI merupakan wujud komitmen The implementation of SPI demonstrates the manajemen dalam memastikan seluruh aktivitas management’s commitment to ensuring that all Perseroan berjalan sesuai visi, misi, serta arah Company activities are carried out in accordance strategis yang telah ditetapkan. Melalui penerapan with its established vision, mission, and strategic sistem ini, Perseroan menjamin tersedianya laporan direction. Through this system implementation, keuangan dan laporan manajemen yang akurat, the Company ensures the availability of accurate, lengkap, dan tepat waktu, sekaligus memastikan complete, and timely financial and management kegiatan usaha berjalan secara efisien, efektif, reports, while ensuring that business activities run serta selaras dengan ketentuan hukum dan standar efficiently, effectively, and in accordance with legal industri. Dengan demikian, SPI berperan penting provisions and industry standards. Thus, SPI plays dalam meningkatkan kinerja, meminimalkan potensi a crucial role in improving performance, minimizing kerugian, serta menciptakan nilai berkelanjutan bagi potential losses, and creating sustainable value for para pemangku kepentingan. stakeholders. Perseroan telah menetapkan Kebijakan Sistem The Company has established an Internal Control Pengendalian Internal dalam Pedoman Tata Kelola System Policy in the Corporate Governance Perusahaan, yang menjadi acuan bagi setiap Guidelines, which serves as a reference for every Insan Indocement dalam melaksanakan fungsi Indocement employee in consistently implementing pengendalian secara konsisten. Sistem ini merupakan control functions. This system is an integrated proses yang terintegrasi dan berkesinambungan, and continuous process, involving all levels of the melibatkan seluruh jenjang organisasi — mulai dari organization — from management to employees pimpinan hingga karyawan — untuk memberikan — to provide adequate assurance in achieving the keyakinan memadai atas tercapainya tujuan Company’s objectives. SPI includes organizational perusahaan. SPI mencakup pengaturan struktur structure, work methods, and performance organisasi, metode kerja, dan mekanisme pengukuran measurement mechanisms that promote efficiency, kinerja yang mendorong efisiensi, efektivitas, serta effectiveness, and compliance with management kepatuhan terhadap kebijakan manajemen. policies. Penerapan Sistem Pengendalian Internal Internal Control System is implemented dilakukan secara menyeluruh, mencakup tahap comprehensively, covering planning, implementation, perencanaan, pelaksanaan, pengawasan, hingga supervision, and operational accountability in an pertanggungjawaban operasional secara tertib orderly and measurable manner. Through this dan terukur. Melalui pendekatan ini, Perseroan approach, the Company ensures that all business memastikan seluruh kegiatan bisnis dilaksanakan activities are carried out transparently, efficiently, secara transparan, efisien, dan sesuai prinsip kehati- and in accordance with prudent principles, hatian, serta mampu memberikan keyakinan kepada while providing stakeholders with confidence para pemangku kepentingan bahwa pengelolaan that the Company is managed responsibly. The 368 Laporan Tahunan 2025 Annual Report
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perusahaan dilakukan secara bertanggung jawab. Company’s SPI policy is also guided by the Internal
Kebijakan SPI Perseroan juga berpedoman pada Control Framework developed by the Committee
Internal Control Framework yang dikembangkan of Sponsoring Organizations of the Treadway
oleh Committee of Sponsoring Organizations of the Commission (COSO), which emphasizes that internal
Treadway Commission (COSO), yang menekankan control is an integral part of the risk management
bahwa pengendalian internal merupakan bagian process and the company’s overall operational
integral dari proses manajemen risiko dan kegiatan activities.
operasional perusahaan secara keseluruhan.
Pengendalian Keuangan dan Financial and Operational Control
Operasional
Perseroan menerapkan sistem pengendalian The Company implements a financial control
keuangan yang berfungsi menyediakan informasi system that provides accurate, relevant, and timely
keuangan yang akurat, relevan, dan tepat waktu bagi financial information to all levels of management,
seluruh tingkatan manajemen, pemegang saham, shareholders, and stakeholders. This information
serta pemangku kepentingan. Informasi tersebut serves as a critical basis for strategic planning,
menjadi dasar penting dalam proses perencanaan decision-making, and financial performance
strategis, pengambilan keputusan, serta pengawasan monitoring. Through this system, the management
kinerja keuangan. Melalui sistem ini, manajemen can effectively plan and control operational activities
dapat merencanakan dan mengendalikan kegiatan to support the achievement of corporate goals.
operasional secara efektif untuk mendukung
pencapaian sasaran korporasi.
Di sisi lain, sistem pengendalian operasional Furthermore, the operational control system is
dijalankan melalui penerapan kebijakan, prosedur, implemented through the implementation of
dan standar operasional yang dirancang untuk policies, procedures, and operational standards
memastikan tercapainya target dan sasaran designed to ensure an efficient achievement of
perusahaan secara efisien. Sistem ini juga berperan company targets and objectives. This system also
menjamin keandalan penyusunan laporan keuangan plays a role in ensuring the reliability of financial
serta kepatuhan terhadap ketentuan hukum dan reporting and compliance with applicable laws
peraturan perundang-undangan yang berlaku. and regulations. The operational control system is
Penerapan sistem pengendalian operasional implemented consistently across all work units to
dilakukan secara konsisten di seluruh unit kerja agar ensure that business processes are conducted in
proses bisnis berjalan sesuai dengan prinsip tata accordance with good governance principles.
kelola yang baik.
Kedua sistem pengendalian tersebut — keuangan Such two control systems—financial and
dan operasional — berjalan secara terpadu dan operational—run in an integrated manner and
saling mendukung dalam membangun mekanisme support each other, building a robust internal
pengawasan internal yang kuat. Sinergi antara oversight mechanism. The synergy between the two
keduanya memastikan seluruh kegiatan Perseroan ensures that all Company activities remain focused,
tetap terarah, transparan, dan akuntabel, serta transparent, and accountable, and provides a solid
mampu memberikan landasan yang kokoh bagi foundation for sustainable performance across the
terwujudnya kinerja yang berkelanjutan di seluruh organization.
lini organisasi.
Tujuan Pengendalian Internal The Objectives of Internal Control
Tujuan dari penerapan Sistem Pengendalian Internal The objectives of implementing the Indocement’s
Indocement antara lain: Internal Control System are as follows:
1. Memenuhi kepatuhan terhadap hukum dan 1. To fulfill the compliance with laws and regulations
peraturan perundang-undangan yang dikeluarkan issued by the government as well as internal
oleh pemerintah serta kebijakan internal, policies, provisions, and Company regulations;
ketentuan, dan peraturan Perseroan;
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2. Memastikan informasi keuangan dan manajemen 2. To ensure that financial and management
yang disampaikan akurat, lengkap, transparan, information submitted is accurate, complete,
dan tepat waktu; transparent, and on time;
3. Memastikan penggunaan aset Perseroan secara 3. To ensure that the Company’s assets are used
efektif dan efisien untuk melindungi Perseroan effectively and efficiently to protect the Company
terhadap risiko kerugian; against the risk of loss;
4. Mengurangi risiko dan dampak kerugian, 4. To reduce the risk and impact of losses,
penyimpangan, penipuan, dan penyalahgunaan; irregularities, fraud, and misuse;
5. Menanamkan budaya Perseroan dalam 5. To embed Corporate culture in identifying
mengidentifikasi dini kelemahan dan kecurangan, weakness and fraud early, assessing fairness of
penilaian kewajaran atas kebijakan, dan perbaikan policies, and improving the related procedures;
prosedur terkait; dan and
6. Memastikan bahwa pengelolaan operasional 6. To ensure that operational management is
telah dilaksanakan sesuai prosedur dan standar performed according to the agreed procedures
yang telah disepakati. and standards.
Kesesuaian Pengendalian Internal Conformity of Internal Control with
dengan Kerangka COSO COSO Framework
Sistem pengendalian internal Indocement Indocement’s internal control system is already in
telah sesuai dengan Internal Control Integrated conformance with the Internal Control Integrated
Framework yang dikembangkan oleh The Committee Framework developed by The Committee of
of Sponsoring Organization of the Treadway Sponsoring Organization of the Treadway Commission
Commission (COSO). Tujuan pengendalian internal (COSO). The objectives of internal control according
menurut COSO meliputi operasional, pelaporan, dan to COSO include operations, reporting, and
kepatuhan. Sedangkan tujuan operasional berkaitan compliance. Meanwhile, the objectives of the
dengan efektivitas dan efisiensi operasi. operations are related to the effectiveness and
efficiency of operations.
Tujuan operasional berkaitan dengan efektivitas The objectives of the operations are related to
dan efisiensi operasi. Tujuan pelaporan berkaitan the effectiveness and efficiency of operations.
dengan kepentingan pelaporan keuangan yang Objectives of reporting relate to the financial
memenuhi kriteria andal, tepat waktu, transparan reporting that satisfies the criteria of reliable, timely,
dan persyaratan lain yang ditetapkan oleh regulator transparent, and other requirements stipulated by
maupun Perseroan. Sedangkan tujuan kepatuhan the regulator and the Company. Whereas, objectives
berkaitan dengan kepatuhan Perseroan terhadap of compliance relate to the Company’s compliance
hukum dan peraturan perundang-undangan. with the applicable laws and regulations.
Menurut COSO, unsur-unsur pengendalian internal According to COSO, elements of internal control
meliputi komponen-komponen sebagai berikut: include the following components:
Komponen Pengendalian
Internal versi COSO Penjelasan Penerapan di Indocement
COSO Version of Internal Explanation Implementation in Indocement
Control Components
Lingkungan Pengendalian Merupakan tanggung jawab manajemen Manajemen Perseroan menetapkan Pedoman Etika
Control Environment puncak untuk menyatakan dengan jelas Indocement yang berisi nilai integritas dan kegiatan
nilai-nilai integritas dan kegiatan tidak etis yang dilarang, sebagai pedoman bagi Insan Perseroan
yang tidak dapat ditoleransi. dalam beraktivitas di Perseroan.
This is the responsibility of the top The Company’s Management determines the
management for clearly stating the integrity Indocement Code of Conduct, containing integrity
values and intolerable unethical activities. values and prohibited activities, as a guideline for the
Company’s Personnel in performing activities in the
Company.
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Tata Kelola Perusahaan
Corporate Governance
Komponen Pengendalian
Internal versi COSO Penjelasan Penerapan di Indocement
COSO Version of Internal Explanation Implementation in Indocement
Control Components
Penilaian Risiko Perusahaan harus mengidentifikasi Identifikasi risiko bisnis dilakukan oleh Direksi dan
Risk Assessment dan menganalisis faktor-faktor yang para manager secara periodik. Termasuk di dalamnya
menciptakan risiko bisnis dan harus menentukan langkah-langkah untuk mengelola risiko.
menentukan cara mengelola risiko tersebut. Business risk identification is performed by the
The Company shall identify and analyze the Board of Directors and managers periodically. This
factors that create business risks and shall includes determining steps to manage risk.
determine the ways to manage those risks.
Kegiatan Pengendalian Untuk mengurangi terjadinya kecurangan, Manajemen mengeluarkan kebijakan untuk menjadi
Control Activities manajemen harus merancang kebijakan panduan bagi seluruh karyawan dalam melakukan
dan prosedur untuk mengidentifikasi risiko aktivitasnya. Prosedur-prosedur sebagai turunan
tertentu yang dihadapi Perseroan. dari kebijakan secara rutin ditetapkan dan dievaluasi
To reduce the occurrence of fraud, the secara periodik.
management shall design policies and Management has issued a policy to guide all
procedures to identify certain risks faced employees in performing their activities. Procedures,
by the Company. as derivatives of the policy, are routinely established
and evaluated periodically.
Informasi dan Komunikasi Sistem pengendalian internal harus Kebijakan dan prosedur yang telah ditetapkan
Information and dikomunikasikan dan diinfokan kepada manajemen disosialisasikan kepada unit terkait dan
Communication seluruh karyawan Perseroan dari puncak dipantau secara berkala oleh Internal Audit Division.
hingga bawah. Dalam kaitannya dengan kualitas mutu pemantauan
The internal control system shall be dibantu oleh ISO Auditor (QSMR). Pelaporan dan
communicated and informed to all of the respon atas pemantauan dilakukan berbasis
Company’s employees from top to bottom. teknologi informasi.
Policies and procedures established by the
management are disseminated to relevant units
and monitored periodically by the Internal Audit
Division. In relation to quality monitoring, the
division is assisted by ISO Auditor (QSMR). Reporting
and response of monitoring are carried out on
information technology based.
Pemantauan Sistem pengendalian internal harus Pemantauan secara berkala dilakukan oleh Internal
Monitoring dipantau secara berkala. Apabila terjadi Audit Division. Dalam kaitannya dengan kualitas
kekurangan yang signifikan, harus segera mutu pemantauan dibantu oleh ISO Auditor (QSMR).
dilaporkan kepada manajemen puncak dan Pelaporan dan respon atas pemantauan dilakukan
kepada Dewan Komisaris. berbasis teknologi informasi.
Internal control system shall be monitored Periodical monitoring is conducted by the Internal
regularly. If there is a significant weakness, Audit Division. In relation to quality monitoring, the
it shall be immediately reported to division is assisted by ISO Auditor (QSMR). Reporting
the top management and the Board of and response of monitoring are carried out on
Commissioners. information technology based.
Tinjauan atas Efektivitas Sistem Overview of the Effectiveness of
Pengendalian Internal di 2025 Internal Control System in 2025
Manajemen bertanggung jawab penuh atas Management is fully responsible for the
penerapan Sistem Pengendalian Internal (SPI) implementation of a reliable, effective, and
yang andal, efektif, dan berkelanjutan di seluruh sustainable Internal Control System (SPI) at all
tingkatan organisasi. Tanggung jawab ini mencakup levels of the organization. This responsibility
memastikan bahwa prinsip-prinsip pengendalian includes ensuring that internal control principles are
internal tertanam dalam setiap aktivitas operasional, embedded in every operational activity, decision-
proses pengambilan keputusan, serta budaya kerja making process, and the company’s work culture.
perusahaan. Dengan demikian, SPI menjadi bagian Thus, SPI is an integral part of good corporate
integral dari tata kelola perusahaan yang baik dan governance and supports the achievement of the
mendukung pencapaian tujuan strategis Perseroan. Company’s strategic objectives.
Divisi Audit Internal berperan melakukan evaluasi The Internal Audit Division is responsible for
terhadap kecukupan dan efektivitas pelaksanaan evaluating the adequacy and effectiveness of
Sistem Pengendalian Internal secara menyeluruh. the overall implementation of Internal Control
Evaluasi ini mencakup penilaian terhadap penerapan System. This evaluation includes assessing the
kebijakan, prosedur, dan mekanisme pengawasan implementation of policies, procedures, and
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yang dilaksanakan oleh seluruh unit kerja. Hasil oversight mechanisms implemented by all work
evaluasi tersebut menjadi dasar bagi Direksi dalam units. Such evaluation results serve as the basis for
membuat asersi mengenai efektivitas penerapan the Board of Directors in making assertion regarding
Sistem Pengendalian Internal di lingkungan the effectiveness of the Internal Control System
Perseroan. within the Company.
Temuan dan rekomendasi hasil evaluasi disampaikan The evaluation findings and recommendations are
kepada manajemen untuk ditindaklanjuti secara submitted to the management for timely follow-up
tepat waktu dan ditinjau kembali melalui proses and review through an ongoing monitoring process.
pemantauan berkelanjutan. Langkah ini dilakukan This step is taken to ensure that the Internal Control
guna memastikan bahwa Sistem Pengendalian System is running properly, providing protection for
Internal berjalan sebagaimana mestinya, memberikan company assets, ensuring the reliability of reporting,
perlindungan terhadap aset perusahaan, memastikan and supporting compliance with applicable laws and
keandalan pelaporan, serta mendukung kepatuhan regulations.
terhadap ketentuan hukum dan peraturan yang
berlaku.
Pernyataan Direksi dan/atau Dewan Statement of Board of Directors and/
Komisaris atas Kecukupan Sistem or Board of Commissioners on the
Pengendalian Internal Perseroan Adequacy of Company’s Internal
Control System
Sistem Pengendalian Internal merupakan proses Internal Control System is a process implemented by
yang dilaksanakan oleh Direksi bersama Divisi the Board of Directors, together with Internal Audit
Audit Internal serta fungsi terkait lainnya untuk Division and other related functions, to ensure the
memastikan terselenggaranya tata kelola perusahaan effective implementation of corporate governance.
yang efektif. Melalui sistem ini, Perseroan berupaya Through this system, the Company strives to maintain
menjaga integritas operasional, keandalan pelaporan operational integrity, reliable financial reporting, and
keuangan, serta kepatuhan terhadap peraturan yang compliance with applicable regulations as part of
berlaku sebagai bagian dari perwujudan prinsip GCG. GCG principles implementation.
Direksi dan/atau Dewan Komisaris memiliki The Board of Directors and/or Board of
komitmen yang kuat untuk menegakkan penerapan Commissioners are strongly committed to upholding
tata kelola perusahaan yang baik di seluruh tingkatan the implementation of good corporate governance
organisasi. Komitmen ini menjadi landasan dalam at all levels of the organization. This commitment
mencapai tujuan jangka panjang Perseroan, sekaligus serves as the basis for achieving the Company’s
melindungi serta meningkatkan nilai bagi pemegang long-term goals, while protecting and enhancing
saham dan pemangku kepentingan lainnya. value for shareholders and other stakeholders.
Direksi memastikan bahwa sistem pengendalian The Board of Directors ensures that the internal
internal Perseroan telah berjalan secara efektif control system in the Company has been running
dan berkesinambungan. Demikian juga dengan in an effective and sustainable manner. Similarly,
mekanisme kontrol yang dijalankan Dewan the control mechanism conducted by the Board
Komisaris/Komite Audit yang memastikan of Commissioners/Audit Committee ensures to
peningkatan efisiensi, menjaga aset perusahaan, improve efficiency, safeguard company assets,
serta mendukung tercapainya sasaran strategis and support the achievement of the Company’s
Perseroan dengan tetap berpedoman pada prinsip strategic objectives while adhering to the principles
transparansi, akuntabilitas, dan tanggung jawab of transparency, accountability, and corporate
korporasi. responsibility.
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Tata Kelola Perusahaan
Corporate Governance
Perkara Hukum
Legal Cases
Sepanjang 2025, Perseroan tidak memiliki Throughout 2025, the Company did not have any
permasalahan hukum baik perdata maupun pidana, legal issues, either civil or criminal cases, also the
demikian juga dengan Dewan Komisaris, Direksi, Board of Commissioners, Board of Directors, and
dan entitas anak Perseroan. Perseroan senantiasa subsidiaries of the Company. The Company has
memperhatikan aspek kepatuhan terhadap always paid attention to the aspect of compliance
peraturan perundang-undangan yang berlaku with the applicable laws and regulations in
dalam menjalankan kegiatan usahanya. Perseroan conducting business activities. The Company puts
juga mengedepankan upaya kepatuhan hukum dan forward legal compliance and business ethics that
etika bisnis yang relevan, sehingga baik Perseroan are relevant, hence the Company, as well as the
maupun Dewan Komisaris, Direksi, dan entitas anak Board of Commissioners, Board of Directors, and
Perseroan dinyatakan bebas dari sengketa hukum subsidiaries of the Company are declared free from
apapun dan/atau tidak sedang terlibat dalam perkara any legal disputes and/or are not involved in any
pada Lembaga pengadilan maupun arbitrase yang cases in court or arbitration body that could have a
dapat memiliki dampak signifikan atau memberikan material impact on, or risk for, the condition of the
risiko untuk Perseroan. Company.
Sanksi Administratif
Administrative Sanctions
Pada 2025, Perseroan tidak menerima sanksi In 2025, there were no material administrative
administratif yang material dan berpengaruh sanctions that affected the Company’s business
terhadap kelangsungan usaha maupun sanksi continuity, nor there any administrative sanctions
administratif yang diberikan kepada Dewan Komisaris imposed on the Board of Commissioners by any
dari instansi/lembaga yang berwenang di bidang authorized institution/organization in the Company’s
usaha Perseroan maupun pasar modal. line of business or capital market.
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Akses Informasi dan Data Perusahaan
Access to Company’s Information and Data
Sebagai bagian dari penerapan prinsip transparansi, As part of the implementation of transparency
Perseroan secara berkala menyediakan kebutuhan principle, the Company periodically provides
informasi bagi para pemangku kepentingan mengenai Company-related information needed by the
Perseroan. Hal ini merupakan bentuk kepatuhan stakeholders. This serves a form of compliance with
terhadap keterbukaan informasi. Perseroan juga information disclosure. Also, the Company always
selalu menyampaikan informasi dan fakta material submits material information and facts to OJK and
kepada OJK dan BEI melalui surat ataupun pelaporan IDX through formal correspondence or electronic
elektronik. reporting.
Perseroan secara berkala memperbarui informasi The Company periodically updates the information
dan memberikan kemudahan akses informasi and provides ease of access to information on
mengenai aktivitas dan kinerja Perseroan kepada the Company’s activities and performance to the
para pemangku kepentingan agar mengetahui kondisi stakeholders so as they know the Company condition
Perseroan secara jelas dan terbuka. Indocement clearly and openly. Indocement has various means
memiliki berbagai sarana yang berfungsi sebagai that function as channels for information disclosure,
saluran pengungkapan informasi, di antaranya among others, are as follows:
sebagai berikut:
RUPS Situs Web Perseroan Surat Elektronik
GMS Company's Website Email
Media Massa Media Sosial
Mass Media Social Media
Kebijakan Komunikasi Indocement Indocement Policy on Communication
Sesuai Kebijakan Komunikasi Perseroan yang In accordance with the Corporate Policy on
pada 2025 telah direvisi, kanal komunikasi dan Communication revised in 2025, the Company’s
penyampaian informasi Perseroan adalah sebagai communication and information delivery channels
berikut: are as follows:
Pemegang saham dan/atau komunitas investor: Shareholders and/or investor community:
1. Keterbukaan informasi kepada publik; 1. Information disclosure to the public;
2. Laporan Tahunan; 2. Annual Report;
3. Laporan Keberlanjutan; 3. Sustainability Report;
4. Laporan Keuangan Tahunan dan Laporan 4. Annual Financial Statements and Interim
Keuangan Interim; Financial Statements;
5. Paparan Publik; 5. Public Expose;
6. Rapat Umum Pemegang Saham; 6. General Meeting of Shareholders;
7. Investor Brief dan Analyst Meeting. 7. Investor Brief and Analyst Meeting.
Media Massa: Mass Media:
1. Siaran pers; 1. Press releases;
2. Wawancara; 2. Interviews;
3. Seminar; 3. Seminars;
4. Konferensi pers. 4. Press conferences.
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Tata Kelola Perusahaan
Corporate Governance
Masyarakat sekitar daerah operasional: Communities around operational areas:
1. Laporan Keberlanjutan; 1. Sustainability Report;
2. Bina Lingkungan Komunikasi; 2. Community Development Communication;
3. Saluran pengaduan melalui koordinator desa; 3. Complaint channels through village coordinators;
4. Program pengembangan masyarakat di berbagai 4. Community development programs in various
bidang seperti pendidikan, kesehatan, ekonomi, fields such as education, health, economy, socio-
sosial budaya, agama, olah raga, infrastruktur, culture, religion, sports, infrastructure, security
keamanan, dan program-program pembangunan and other sustainable development programs.
berkelanjutan lainnya.
Kanal komunikasi lain: Other communication channels:
1. Situs web Perseroan, www.indocement.co.id/id 1. The Company’s website, www.indocement.co.id/id
memuat informasi mengenai Perseroan yang contains information on the Company that is
terbuka untuk umum, aktual, dan terkini. Situs open to the public, actual, and current. This site
ini dibuat dengan memperhatikan ketentuan- has been prepared with regard to the provisions
ketentuan dalam POJK Nomor 8/POJK.04/2015 of POJK No. 8/POJK.04/2015 on Website of Issuers
tentang Situs Web Emiten atau Perusahaan or Public Companies - and presents information
Publik - dan menyajikan informasi dalam Bahasa in Indonesian and English.
Indonesia dan Bahasa Inggris.
2. Situs web produk Perseroan yang dikelola oleh 2. The Company’s product website managed by the
Direktorat Komersial: Commercial Directorate:
a. www.sementigaroda.com Situs ini menyajikan a. www.sementigaroda.com This site presents
informasi seputar Semen Tiga Roda yang information on Semen Tiga Roda which
antara lain: includes the following:
• Kegiatan promosi Semen Tiga Roda • Semen Tiga Roda and Mortar Tiga Roda
dan Mortar Tiga Roda, lokasi pabrik, promotion activities, factory locations,
lokasi terminal, dan informasi mengenai terminal locations, and information on
distributor semen resmi; official cement distributors;
• Informasi tentang jenis-jenis produk Semen • Information on types of Semen Tiga Roda
Tiga Roda dan Mortar Semen Tiga Roda; and Mortar Semen Tiga Roda products;
• Tips dan trik mengenai hunian, renovasi • Tips and tricks on residential, home
rumah, dan gaya hidup; dan renovation, and lifestyle; and
• Dokumentasi kegiatan Semen Tiga Roda. • Documentation of Semen Tiga Roda activities.
b. www.semenrajawali.com b. www.semenrajawali.com
Situs ini menyajikan informasi seputar Semen This site presents information on Semen
Rajawali antara lain: Rajawali which includes the following:
• Profil dan jenis Semen Rajawali; • Profile and types of Semen Rajawali;
• Cara mendapatkan produk Semen Rajawali; • Ways to obtain Semen Rajawali products;
dan and
• Dokumentasi foto seputar kegiatan- • Photo documentation on Semen Rajawali
kegiatan Semen Rajawali. activities.
c. www.tokotigaroda.com c. www.tokotigaroda.com
Situs ini menyediakan layanan pemesanan This site provides online order services for
produk Indocement secara daring. Produk Indocement products. The products on sale
yang dijual adalah semen kantong, semen are bagged cement, bulk cement, and ready-
curah, dan beton siap-pakai. mix concrete.
3. Media Komunikasi Sosial Perseroan 3. Social Media Communication of the Company
Indocement menaruh perhatian pada Indocement pays attention to the development
perkembangan media sosial sebagai fasilitas of social media as a facility to interact with
untuk berinteraksi dengan seluruh pemangku all stakeholders. Indocement opens online
kepentingan. Indocement membuka kanal communication channels through Facebook,
komunikasi daring melalui Facebook, Instagram, Instagram, LinkedIn, YouTube, and TikTok.
LinkedIn, YouTube, dan TikTok.
Indocement memiliki akun media sosial pada: Indocement has social media accounts on:
a. Facebook: harmoni3roda a. Facebook: harmoni3roda
b. Instagram: @harmoni3roda b. Instagram: @harmoni3roda
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c. LinkedIn: PT Indocement Tunggal Prakarsa Tbk. c. LinkedIn: PT Indocement Tunggal Prakarsa Tbk.
- Heidelberg Materials - Heidelberg Materials
d. YouTube: harmoni3roda d. YouTube: harmoni3roda
e. TikTok: @harmoni3roda e. TikTok: @harmoni3roda
Akun sosial media di Facebook, Instagram dan Social media accounts on Facebook, Instagram,
YouTube berfokus pada publikasi good works and YouTube focus on publishing of the Company’s
Perseroan, sedangkan LinkedIn berfokus pada good works, while LinkedIn focuses on human
sumber daya manusia di Perseroan. resources at the Company.
Semen Tiga Roda memiliki akun media sosial, Semen Tiga Roda has social media accounts,
yang berfokus kepada publikasi marketing produk which focus on the marketing publications of
Semen Tiga Roda, yaitu Semen Tiga Roda products, namely:
a. Facebook: Semen Tiga Roda a. Facebook: Semen Tiga Roda
b. Instagram: @sementigaroda b. Instagram: @sementigaroda
c. YouTube: sementigaroda_ID c. YouTube: sementigaroda_ID
d. TikTok: @sementigaroda.id d. TikTok: @sementigaroda.id
Semen Rajawali juga memiliki akun media sosial, Semen Rajawali has social media accounts,
yang berfokus kepada publikasi marketing produk which focus on the marketing publications of
Semen Rajawali, yaitu Semen Rajawali products, namely:
a. Facebook: SemenRajawali a. Facebook: SemenRajawali
b. Instagram: @SemenRajawali b. Instagram: @SemenRajawali
c. YouTube: semenrajawali3439 c. YouTube: semenrajawali3439
d. TikTok: @cerita.kampungrajawali d. TikTok: @cerita.kampungrajawali
Saluran Komunikasi dengan khusus untuk Communication Channels specifically for
pelanggan, Perseroan memiliki saluran customers, the Company has the following
komunikasi sebagai berikut: communication channels:
a. Customer Care Hotline: +62 21-2553-3555 (Tarif a. Customer Care Hotline: +62 21-2553-3555
Normal) atau +62 800-10-376-32 (Bebas Pulsa) (Normal Tariff) or +62 800-10-376-32 (Toll Free)
b. Surel Pelayanan Pelanggan: customercare@ b. E-mail Customer Care: customercare@
indocement.co.id indocement.co.id
c. SMS dan Whatsapp Pelayanan Pelanggan: +62 c. SMS and WhatsApp Customer Care: +62 812-
812-128-3000 128-3000
4. Akses surel 4. E-mail access
5. SpeakUp 5. SpeakUp
Namun demikian dalam kegiatan sehari-hari, However, in daily activities, communication with
komunikasi dengan pemegang saham, investor dan/ shareholders, investors, and/or the media is
atau media dilakukan baik secara sendiri-sendiri established either individually or jointly, by the
maupun secara bersama-sama, oleh pejabat sebagai following officials:
berikut: 1. President Director of the Company;
1. Direktur Utama Perseroan; 2. Each member of the Company’s Board of Directors,
2. Masing-masing anggota Direksi Perseroan, sesuai according to the respective responsibility;
bidang di bawah tanggung jawabnya; 3. Corporate Secretary.
3. Sekretaris Perusahaan.
Seluruh informasi yang masuk melalui media yang All incoming information from the media as explained
dijelaskan di atas akan diterima dan diolah oleh above will be received and processed by Corporate
Sekretaris Perusahaan, bersama-sama dengan Secretary, jointly with Corporate Communication
Corporate Communication Department. Jika dianggap Department. If it is deemed necessary, the
perlu akan diteruskan kepada pihak terkait di dalam information will be passed on to relevant parties
Perseroan. Pengelolaan dan pemanfaatan informasi within the Company. The party/department that
tersebut selanjutnya diserahkan kepada pihak/ receives the information will then manage and
departemen yang menerima informasi tersebut. Jika use that information. If the information is related
Informasi tersebut menyangkut Perseroan secara to the Company in general, then the Company’s
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Tata Kelola Perusahaan
Corporate Governance
umum maka akan ditangani oleh Direktur Perseroan. Director will act on it. The information received
Penanganan Informasi dari pemegang saham, from shareholders, investors, and the public will
investor, dan publik akan dilakukan secara cermat be carefully managed by the Corporate Secretary,
oleh Sekretaris Perusahaan dan jika dianggap perlu and if it is deemed necessary, it will be discussed
akan dibahas pada rapat atau diskusi yang dihadiri in a meeting or discussion attended by the Board of
oleh Direksi dan pihak yang terkait. Directors and relevant parties.
Sebagai bagian dari penerapan praktik GCG yang As part of GCG practices implementation, the
Baik, Perseroan memberikan informasi yang setara Company gives all shareholders or its investors
(equal information) kepada para pemegang saham treatment or equal information in providing accurate
atau investornya dalam memberikan informasi yang and timely information in accordance with the
akurat dan tepat waktu sesuai dengan Anggaran Company’s Articles of Association and capital market
Dasar Perseroan dan peraturan pasar modal. regulations. The Company’s Investor Relations
Investor Relations Officer Perseroan bertanggung Officer is responsible for coordinating material
jawab untuk mengkoordinasikan penyampaian dan and non-material information dissemination and
penyebaran informasi material dan non-material distribution to capital market communities.
kepada komunitas pasar modal.
Informasi kepada Karyawan Information to Employees
Komunikasi internal di Indocement dikelola oleh Internal communication at Indocement is managed
beberapa unit kerja Perseroan yang bekerja sama by several work units of the Company who work
membentuk tim khusus yang mengelola media together to form a special team to manage the
elektronik internal Perseroan yang disebut dengan Company’s internal electronic media called Intranet.
Intranet.
Informasi yang dimuat di Intranet antara lain: Information set out in the Intranet includes the
1. Berbagai informasi terkini yang terkait aktivitas following:
bisnis Perseroan; 1. The latest information on the Company’s
2. Sosialisasi pedoman Perseroan dan/atau business activities;
Heidelberg Materials; 2. Dissemination on guidelines of the Company and/
3. Kegiatan karyawan atau unit kerja di Perseroan; or Heidelberg Materials;
4. Media berbagi informasi dari karyawan untuk 3. Activities of employees or work units in the
karyawan dan informasi umum lainnya seperti Company;
keselamatan kerja, kampanye hidup sehat serta 4. Media for sharing information from employees to
peduli lingkungan; dan employees and other general information such as
5. Sharing manajemen senior Indocement dan occupational safety, healthy living campaign, and
pembicara eksternal kepada para karyawan caring for the environment; and
mengenai topik-topik terkini, baik yang 5. Sharing of Indocement’s senior management
berhubungan dengan aktivitas bisnis Perseroan and external speakers to employees on current
maupun pengembangan kepribadian. topics, either related to the Company’s business
activities or personality development.
Informasi kepada Regulator Information to Regulators
Indocement juga memberikan informasi terkait Indocement also provides information related
berbagai aspek yang wajib dilaporkan dan penjelasan to various aspects that must be reported and
yang diperlukan Regulator pasar modal, dalam hal explanation required by the capital market
ini adalah OJK dan BEI. Selama 2025, Indocement Regulators, in this case OJK and IDX. Throughout
telah menyampaikan 86 korespondensi kepada OJK 2025, Indocement submitted 86 correspondences to
dan BEI. OJK and IDX.
Laporan Tahunan 2025 Annual Report 377
Page 378
Pedoman Etika Indocement
Indocement Code of Conduct
Dalam mewujudkan visi dan misi Perseroan, In realizing the Company’s vision and mission,
dukungan dan komitmen seluruh pemangku the support and commitment of all stakeholders,
kepentingan, khususnya Insan Indocement, menjadi particularly Indocement personnel, are crucial. As a
elemen yang sangat penting. Sebagai panduan dalam guide to maintaining integrity and professionalism
menjaga integritas dan profesionalisme di lingkungan in the workplace, the Company has established
kerja, Perseroan telah menetapkan Pedoman Etika Indocement’s Code of Conduct as a code of conduct
Indocement sebagai code of conduct yang mengatur that regulates the standards of behavior and attitude
standar perilaku dan sikap setiap Insan Perseroan for all Company personnel to be in line with the
agar selaras dengan nilai, visi, dan misi yang dianut Company’s values, vision, and mission.
oleh Perusahaan.
Pedoman Etika Indocement pertama kali ditetapkan Indocement’s Code of Conduct was first established
melalui Keputusan Direksi Nomor 019/Kpts/Dir/ through the Board of Directors’ Decision No. 019/
ITP/XI/2018 tanggal 1 November 2018, dan terakhir Kpts/Dir/ITP/XI/2018 dated 1 November 2018, and
dilakukan penyempurnaan pada tahun 2023 melalui was lastly refined in 2023 through the Board of
Keputusan Direksi Nomor 013/Kpts/Dir/ITP/VII/2023 Directors’ Decision No. 013/Kpts/Dir/ITP/VII/2023
tanggal 7 Juli 2023. Revisi tersebut dilakukan untuk dated 7 July 2023. This revision was made to adapt
menyesuaikan dengan dinamika lingkungan bisnis, to the dynamics of the business environment,
perkembangan regulasi, serta peningkatan standar regulatory developments, and improvements in good
tata kelola perusahaan yang baik. corporate governance standards.
Pedoman Etika ini menjadi bagian integral dari This Code of Conduct is an integral part of
sistem tata kelola perusahaan yang diterapkan oleh Indocement’s corporate governance system.
Indocement. Melalui implementasi yang konsisten, Through consistent implementation, the Company is
Perseroan berkomitmen membangun budaya kerja committed to building a work culture that upholds
yang menjunjung tinggi etika, transparansi, dan ethics, transparency, and responsibility, to support
tanggung jawab, guna mendukung tercapainya long-term success and maintain the trust of all
keberhasilan jangka panjang dan menjaga stakeholders.
kepercayaan seluruh pemangku kepentingan.
Tujuan Pedoman Etika Indocement The Objectives of Indocement Code of
Conduct
Tujuan dari Pedoman Etika Indocement adalah The objectives of Indocement’s Code of Conduct are
untuk: to:
1. Menjadi pedoman bagi Insan Perseroan dalam 1. Be the guideline for the Company Personnel
berperilaku dan berkontribusi untuk mencapai to behave and contribute to achieving the
visi dan misi Perseroan serta dalam implementasi Company’s vision and mission as well as in the
GCG; implementation of GCG;
2. Menjadi pedoman dalam hubungan antara 2. Be the guideline in the relationship between the
Perseroan dengan pemangku kepentingan; Company and stakeholders;
3. Menjamin keberlanjutan usaha Perseroan dan 3. Guarantee business continuity of the Company
pemangku kepentingan; dan and stakeholders; and
4. Membangun dan menjaga reputasi Perseroan. 4. Build and maintain the Company’s reputation.
378 Laporan Tahunan 2025 Annual Report
Page 379
Tata Kelola Perusahaan
Corporate Governance
Pokok-Pokok Pedoman Etika Contents of Indocement Code of
Indocement Conduct
Pedoman Etika Indocement terbagi atas dua bagian Indocement’s Code of Conduct is divided into two
utama, yaitu Etika Bisnis dan Etika Kerja sebagai main parts, namely Business Ethics and Work Ethics,
berikut: as follows:
1. Etika Bisnis merupakan standar perilaku yang 1. Business Ethics is a standard of behavior applied
diterapkan Perseroan dalam berinteraksi dengan by the Company in interacting with stakeholders:
pemangku kepentingan: a. Relationship with Customers;
a. Hubungan dengan Pelanggan; b. Relationship with Business Partners;
b. Hubungan dengan Mitra Usaha; c. Relationship with Competitors;
c. Hubungan dengan Pesaing; d. Relationship with the Government;
d. Hubungan dengan Pemerintah; e. Relationship with the Community;
e. Hubungan dengan Masyarakat; f. Relationship with Employees;
f. Hubungan dengan Karyawan; g. Relationships with Shareholders; and
g. Hubungan dengan Pemegang Saham; dan h. Relationship with Media.
h. Hubungan dengan Media.
2. Etika Kerja merupakan sistem nilai yang dianut 2. Work Ethics is a value system adopted by the
oleh Insan Perseroan dalam berinteraksi serta Company’s Personnel in interacting and is used
digunakan sebagai pedoman dalam melaksanakan as a guide in carrying out daily work, including:
pekerjaan sehari-hari, antara lain: a. Compliance with the Law;
a. Kepatuhan terhadap Hukum; b. Anti-Corruption;
b. Antikorupsi; c. Gratification;
c. Gratifikasi; d. Conflict of Interest;
d. Benturan Kepentingan; e. Anti Discrimination;
e. Anti Diskriminasi; f. Company Assets;
f. Aset Perseroan; g. Data and Information Confidentiality;
g. Kerahasiaan Data dan Informasi; h. Social Media;
h. Media Sosial; i. Occupational Security, Safety, Health, and
i. Keamanan, Keselamatan, Kesehatan Kerja dan Environment; and
Lingkungan; dan j. Ethical Behavior towards fellow Employees.
j. Perilaku Etis terhadap sesama Karyawan.
3. Anjuran, Panduan, dan Pelaporan 3. Advice, Guidelines, and Reporting
Dalam rangka menegakkan ketentuan Pedoman In order to enforce the provisions of Indocement
Etika Indocement, Perseroan melakukan Code of Conduct, the Company periodically
pemantauan secara berkala atas kepatuhan monitors the compliance of its Personnel
Insan Perseroan terhadap etika perilaku dan with behavioral ethics and provides media for
menyediakan media pengaduan atas pelanggaran reporting of violations against the Indocement
Pedoman Etika Indocement. Code of Conduct.
Sosialisasi Pedoman Etika Indocement dilakukan Dissemination of Indocement’s Code of Conduct is
baik secara daring dan luring. held online and offline.
Laporan Tahunan 2025 Annual Report 379
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Pemberlakuan Pedoman Etika Code of Conduct Enforcement for All Indocement bagi Seluruh Level Organizational Levels Organisasi Setiap Insan Perseroan diwajibkan untuk mengerti, All Company Personnel are required to understand, menghayati dan menjalankan Pedoman Etika internalize, and implement Indocement’s Code of Indocement sebagai landasan moral, sikap dan etika Conduct as the basis for morals, attitudes, and ethics dalam bertindak dan berperilaku. Komitmen tersebut in acting and behaving. Such commitment is stated dituangkan dalam pernyataan kepatuhan terhadap in a statement on compliance with Indocement’s Panduan Perilaku Indocement yang ditandatangani Code of Conduct signed by all Company Personnel. oleh seluruh Insan Perseroan. Sanksi Pelanggaran Pedoman Etika Sanctions for Violating Code of Conduct Sebagaimana tercantum dalam Pedoman Etika As stated in Indocement’s Code of Conduct, Indocement, pelanggaran terhadap Pedoman Etika violations of the Code of Conduct will be subject Indocement akan dikenakan sanksi sesuai ketentuan to sanctions in accordance with the Company’s Perseroan atau Perjanjian Kesepakatan Bersama, provisions or the Collective Agreement, which can dapat berupa peringatan dari level 1 sampai 3 dan be warnings from level 1 to 3 and the last one would yang terakhir adalah Pemutusan Hubungan Kerja. be Termination of Employment. Pelanggaran dan Tindak Lanjut Violations and Follow Up Sepanjang 2025, tidak terdapat pelanggaran atas Throughout 2025, there were no violations of Pedoman Etika Indocement. Indocement’s Code of Conduct. 380 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Kebijakan Antikorupsi dan Gratifikasi
Anti-Corruption and Gratification Policy
Sebagai wujud komitmen untuk menerapkan praktik As the manifestation of the commitment to
bisnis yang bersih, transparan, dan bebas dari implementing clean, transparent business practices
korupsi, suap, serta bentuk penyimpangan lainnya, that are free from corruption, bribery, and other
Indocement telah menetapkan Surat Keputusan forms of irregularities, Indocement has issued
Direksi Nomor 018/Kpts/Dir/ITP/VIII/2018 tanggal Board of Directors’ Decision Letter No. 018/Kpts/
1 Agustus 2018 tentang Pencegahan Korupsi dan Dir/ITP/VIII/2018 dated 1 August 2018 on Prevention
Gratifikasi (SK 018/2018). Selain itu, Perseroan juga of Corruption and Gratification (SK 018/2018). In
menerbitkan Petunjuk Pelaksanaan Pencegahan addition, the Company also issued Implementation
Korupsi, Kolusi, Nepotisme, dan Gratifikasi (Juklak Instructions for the Prevention of Corruption,
Antikorupsi) pada 11 September 2023 sebagai Collusion, Nepotism, and Gratification (Anti-
panduan lanjutan dalam penerapan kebijakan Corruption Juklak) on 11 September 2023 as further
antikorupsi di lingkungan kerja. guidance for implementing anti-corruption policies
in the workplace.
Kebijakan antikorupsi ini disusun dengan mengacu This anti-corruption policy is prepared by referring
pada Undang-Undang Nomor 31 Tahun 1999 dan to Law No. 31 of 1999 and Law No. 20 of 2001 on
Undang-Undang Nomor 20 Tahun 2001 tentang Eradication of Criminal Acts of Corruption, and
Pemberantasan Tindak Pidana Korupsi, serta adhering to the anti-corruption guidelines applicable
mengikuti panduan antikorupsi yang berlaku dalam within the Group. Through these two decision
Grup. Melalui kedua ketetapan tersebut, Perseroan letters, the Company strengthens its internal control
memperkuat sistem pengendalian internal dalam system to prevent and eradicate corruption, while
upaya pencegahan dan pemberantasan korupsi, simultaneously emphasizing the values of integrity
sekaligus mempertegas nilai-nilai integritas dan and transparency in all business activities.
transparansi dalam setiap kegiatan usaha.
Penerapan SK 018/2018 dan Juklak Antikorupsi The implementation of SK 018/2018 and Anti-
mencerminkan komitmen kuat Perseroan dalam Corruption Juklak reflects the Company’s strong
menjaga lingkungan kerja yang beretika dan commitment to maintaining an ethical and
profesional serta dalam meningkatkan kepercayaan professional work environment and enhancing
pemangku kepentingan. Perseroan bertekad stakeholder trust. The Company is committed to
menegakkan prinsip zero tolerance terhadap upholding the principle of zero tolerance for all
segala bentuk suap, gratifikasi, atau tindakan yang forms of bribery, gratification, or actions that could
berpotensi menimbulkan konflik kepentingan di potentially create a conflict of interest across all
seluruh lini organisasi. levels of the organization.
Sebagai bagian dari kebijakan tersebut, setiap Insan As part of such policy, all Indocement Personnel
Indocement dilarang menerima atau memberikan are prohibited from receiving or giving money,
uang, barang, rabat (diskon), komisi, pinjaman goods, rebate (discount), commission, interest-
tanpa bunga, tiket perjalanan, fasilitas penginapan, free loan, travel ticket, lodging facility, tour, free
wisata, pengobatan gratis, jaminan berharga, hak medical treatment, valuable guarantee, right to
atas tanah, kesempatan kerja, atau bentuk manfaat land, employment opportunities, or any other form
lain — baik dalam bentuk elektronik maupun non- of benefit—whether in form of electronic or non-
elektronik, di dalam maupun luar negeri — yang electronic, domestically or internationally—which
dapat menimbulkan benturan kepentingan atau may cause conflict of interest or harm the Company’s
mencederai integritas Perseroan. Larangan ini integrity. This prohibition reflects Indocement’s
mencerminkan tekad Indocement untuk menjaga determination to maintain its reputation and ensure
reputasi dan menjamin keberlanjutan usaha yang its business continuity based on high business
berlandaskan etika bisnis yang tinggi. ethics.
Laporan Tahunan 2025 Annual Report 381
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Perseroan akan terus memelihara kebijakan The Company will continue to maintain anti-
antikorupsi yang bertujuan untuk mencegah corruption policies that aim to prevent material
kerugian baik materiil maupun immateriil yang dapat and immaterial losses that may interfere with the
mengganggu kelangsungan usaha Perseroan, dengan Company’s business, by:
cara: 1. Not accepting any type of gratification that
1. Tidak menerima segala jenis gratifikasi yang is known and shall be suspected to be given
diketahui dan patut diduga bahwa hal tersebut to encourage to do or not to do something in
diberikan untuk menggerakkan agar melakukan its responsibilities or that is contrary to its
atau tidak melakukan sesuatu dalam tanggung obligations or influencing decision making;
jawabnya atau yang bertentangan dengan 2. Comply with the limitation of giving or receiving
kewajibannya atau memengaruhi dalam gifts or hospitality, but still paying attention to
pengambilan keputusan; the risk of corruption and the applicable laws
2. Mematuhi batasan pemberian atau penerimaan and regulations, where:
hadiah atau keramahtamahan, namun tetap a. Such matter rarely happens (once or twice per
memperhatikan risiko korupsi serta peraturan year per business partner);
perundangan yang berlaku, yaitu dimana: b. Value is not significant, as stipulated in the
a. Hal tersebut jarang terjadi (sekali atau dua Decision Letter of the Board of Directors;
kali per tahun per mitra usaha); c. It is given solely due to the Company’s
b. Bernilai tidak signifikan, sebagaimana diatur reasonable hospitality and normal business
dalam Surat Keputusan Direksi; practices;
c. Diberikan hanya dari keramahtamahan d. Accepting is not a violation of law or regulation;
Perseroan yang lazim dan praktik bisnis yang and
normal; e. There is no reasonable possibility or
d. Menerimanya bukan merupakan pelanggaran conclusion that the decision to enter into a
terhadap hukum atau peraturan; dan contract with another party is affected by the
e. Tidak ada kemungkinan yang wajar atau acceptance of such gift or hospitality.
kesimpulan bahwa keputusan untuk
mengikatkan diri dalam kontrak dengan pihak
lain dipengaruhi oleh penerimaan hadiah atau
keramahtamahan tersebut.
Insan Perseroan dalam menjalankan tugasnya wajib The Company Personnel in carrying out their duties
mematuhi hal-hal sebagai berikut: are required to comply with the following matters:
1. Tidak melakukan tindakan memperkaya diri 1. Not taking action to enrich themselves or groups
sendiri atau kelompok yang dapat merugikan that can harm the Company;
Perseroan; 2. Avoiding situations that involve a conflict of
2. Menghindarkan diri dari kondisi yang mengandung interest;
benturan kepentingan; 3. Not abusing the authority, opportunities, or
3. Tidak menyalahgunakan wewenang, kesempatan facilities of the Company for personal or group
atau sarana Perseroan untuk keuntungan pribadi gain;
atau kelompok; 4. Not committing any forms of fraud or conspiracy;
4. Tidak melakukan segala bentuk tindak kecurangan 5. Not offering, promising, authorizing, or giving
atau pemufakatan jahat; permission, requesting or accepting for personal
5. Tidak menawarkan, menjanjikan, mengesahkan or group benefits in any forms; and
atau memberikan ijin, meminta atau menerima 6. Not blackmailing in any forms.
untuk keuntungan pribadi atau kelompok dalam
bentuk apapun; dan
6. Tidak melakukan pemerasan dalam bentuk
apapun.
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Tata Kelola Perusahaan
Corporate Governance
Perseroan akan terus menjalankan bisnis dengan The Company will continue to run its business in a
cara yang sah, etis, jujur dan profesional serta sejalan legal, ethical, honest, and professional manner and
dengan kode etik, visi, dan misi Perseroan. Praktik ini in line with the Company’s code of conduct, vision,
akan diterapkan pada setiap aktivitas-aktivitas yang and mission. This practice will be applied to every
dilakukan oleh Perseroan. activity carried out by the Company.
Sanksi bagi Insan Perseroan yang teridentifikasi Sanctions for Company Personnel who are identified
melakukan tindakan korupsi adalah hukuman as having committed acts of corruption are
atau konsekuensi tegas kepada pelanggaran yang punishments or strict consequences for violations
dilakukan baik secara individu atau kelompok committed either individually or in groups by:
dengan cara: 1. Discharging the employee dishonorably;
1. Memberhentikan secara tidak hormat; 2. Prosecuting the person responsible according to
2. Mempidanakan yang bersangkutan ke ranah the applicable law in Indonesia.
hukum yang berlaku di wilayah Republik
Indonesia.
Salah satu wujud komitmen Perseroan untuk One manifestation of the Company’s commitment
menghindari segala bentuk praktik korupsi adalah to avoiding all forms of corrupt practices is by
dengan mewajibkan karyawan pada level tertentu requiring employees at certain levels to attend anti-
untuk mengikuti pelatihan antikorupsi yang corruption training conducted by the Group through
dilakukan oleh Grup melalui Workday System dan Workday System and Townhall Meeting.
Townhall Meeting.
Sosialisasi Kebijakan Antikorupsi di 2025 dilakukan The dissemination on Anti-Corruption Policy in 2025
pada: was carried out on:
Tanggal Sosialisasi Jumlah Peserta
No.
Dissemination Date Number of Participants
1. 19 Februari 2025 24 Peserta | Participants
19 February 2025
2. 1 Juli 2025 83 Peserta | Participants
1 July 2025
3. 16 Juli 2025 3 Peserta | Participants
16 July 2025
4. 2 September 2025 163 Peserta | Participants
5. 1 Desember 2025 5 Peserta | Participants
1 December 2025
Laporan Tahunan 2025 Annual Report 383
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Kebijakan Mengenai Transaksi
Berdasarkan Informasi Orang Dalam
Policy Regarding Transactions Based on Insider Information
Perseroan melarang seluruh Insan Perseroan The Company prohibits all of its Personnel from
mengungkapkan informasi yang dapat memengaruhi disclosing any information that could influence
keputusan investor dengan menyalahgunakan investor decisions by abusing their position and
jabatan dan pekerjaannya. work.
Insan Perseroan berkomitmen untuk: The Company Personnel are committed to:
1. Menetapkan, mendokumentasikan, dan 1. Establishing, documenting, and updating
memutakhirkan data dan informasi rahasia; confidential data and information;
2. Menyimpan, melindungi dan memelihara data 2. Keeping, protecting, and maintaining Company’s
dan informasi rahasia Perseroan maupun milik confidential data and information as well as that
pihak ketiga; of third party;
3. Mengatur pihak yang dapat mengakses data dan 3. Managing party who can access confidential data
informasi rahasia; and information;
4. Menggunakan data dan informasi rahasia sesuai 4. Using confidential data and information according
peran dan tanggung jawab serta peruntukannya; to their respective roles, responsibilities, and
5. Menjaga dan melindungi penggunaan data dan designation;
informasi rahasia agar tidak dipergunakan oleh 5. Maintaining and protecting the use of confidential
pihak yang tidak berkepentingan atau dapat data and information so that it is not used by
merugikan Perseroan; unauthorized parties or it may harm the Company;
6. Mengungkapkan data dan Informasi rahasia yang 6. Disclosing confidential data and information
diwajibkan oleh hukum; required by law;
7. Tidak melakukan suatu transaksi efek dengan 7. Not conducting a securities transaction by using
menggunakan informasi orang dalam dan insider information and complying with capital
mematuhi peraturan mengenai pasar modal; market regulations;
8. Tidak menggunakan atau menyebarkan data 8. Not using or disseminating Company’s confidential
dan informasi rahasia Perseroan kepada pihak data and information to any party, either during
manapun baik selama bekerja, maupun ketika work or after leaving the Company;
telah meninggalkan Perseroan; 9. Not collecting and obtaining data and information
9. Tidak mengumpulkan dan memperoleh data dan from other parties illegally; and
informasi pihak lain secara ilegal; dan 10. Requiring third parties receiving confidential
10. Mengharuskan pihak ketiga yang menerima information to sign a confidentiality agreement.
informasi rahasia untuk menandatangani
perjanjian kerahasiaan.
384 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Sistem Whistleblowing
Whistleblowing System
Sebagai bentuk komitmen terhadap penerapan As a commitment to the principles of transparency,
prinsip transparansi, akuntabilitas, dan integritas, accountability, and integrity, the Company has
Perseroan telah menerapkan sistem pelaporan implemented Whistleblowing System (WBS) known
pelanggaran (Whistleblowing System/WBS) yang as SpeakUp. This system serves as a means of
dikenal dengan nama SpeakUp. Sistem ini berfungsi reporting suspected ethical violation, fraud, or action
sebagai sarana pelaporan atas dugaan pelanggaran inconsistent with GCG principles. Through SpeakUp,
etika, kecurangan, maupun tindakan yang tidak the Company strives to foster a culture of honesty,
sesuai dengan prinsip GCG. Melalui SpeakUp, openness, and responsibility throughout the work
Perseroan berupaya menumbuhkan budaya environment.
kejujuran, keterbukaan, serta tanggung jawab di
seluruh lingkungan kerja.
Untuk menjamin independensi dan objektivitas To ensure independence and objectivity in its
dalam pengelolaannya, SpeakUp dikelola oleh management, SpeakUp is managed by a third party,
pihak ketiga, yaitu People Intouch, yang memiliki People Intouch, which has international experience
pengalaman internasional dalam pengelolaan in managing whistleblowing systems. Thus, the
sistem pelaporan pelanggaran. Dengan demikian, confidentiality of the whistleblower’s identity and
kerahasiaan identitas pelapor serta integritas proses the integrity of follow up process for the report are
tindak lanjut laporan dapat terjaga secara optimal. maintained optimally.
Sistem SpeakUp berperan penting sebagai The SpeakUp system plays a crucial role as an
mekanisme deteksi dini (early warning system) early warning system, helping the Company identify
yang membantu Perseroan mengidentifikasi potensi potential risks or irregularities as early as possible,
risiko atau penyimpangan sedini mungkin, sekaligus while providing a strong basis for evaluating and
menyediakan dasar yang kuat untuk melakukan improving internal policies. SpeakUp also serves as a
evaluasi dan perbaikan kebijakan internal. SpeakUp foundation for the Company to strengthen corporate
juga menjadi fondasi bagi Perseroan untuk governance through a targeted, transparent, and
memperkuat tata kelola perusahaan melalui proses accountable reporting process.
pelaporan yang terarah, transparan, dan dapat
dipertanggungjawabkan.
WBS ini dapat diakses oleh seluruh Insan This WBS is accessible by all Indocement Personnel
Indocement maupun pihak eksternal melalui and external parties through this link: https://
tautan berikut: https://heidelbergmaterials.speakup. heidelbergmaterials.speakup.report/speakup.
report/speakup. Melalui sistem ini, setiap individu Through this system, every individual is given
diberikan kesempatan untuk menyampaikan laporan the opportunity to submit reports of violations
pelanggaran secara aman dan anonim, guna menjaga securely and anonymously, in order to maintain the
penerapan nilai-nilai etika, profesionalisme, serta implementation of ethical values, professionalism,
integritas di seluruh lini Perseroan. and integrity across all levels of the Company.
Pedoman Sistem Whistleblowing Guidelines of Whistleblowing System
Pada prinsipnya setiap jenis pelanggaran terhadap In principle, every type of violation of laws and
peraturan perundangan dan kebijakan Perseroan regulations and Company policies or suspicion of
atau kecurigaan atas pelanggaran dapat dilaporkan, violations can be reported, especially if it involves
terutama jika menyangkut aspek-aspek: the following aspects:
1. Masalah terkait akuntansi/audit; 1. Accounting/auditing related problems;
2. Alkohol dan obat-obatan terlarang; 2. Alcohol and drugs;
3. Pemasaran atau persaingan ilegal atau tidak 3. Illegal or improper/fraudulent marketing or
wajar/curang; competition;
Laporan Tahunan 2025 Annual Report 385
Page 386
4. Kerja paksa pada anak/penyalahgunaan anak; 4. Forced labor on children/child abuse;
5. Benturan kepentingan; 5. Conflict of interest;
6. Kepatuhan atau pelanggaran peraturan; 6. Compliance or violation of regulations;
7. Korupsi/penipuan/suap; 7. Corruption/fraud/bribery;
8. Kejahatan dunia maya; 8. Cyber crime;
9. Kebocoran data/pelanggaran privasi; 9. Data leak/privacy breach;
10. Diskriminasi; 10. Discrimination;
11. Penggelapan; 11. Embezzlement;
12. Hubungan karyawan; 12. Employee Relations;
13. Isu lingkungan/keberlanjutan; 13. Environmental/sustainability issues;
14. Kecurangan; 14. Fraud;
15. Pelecehan; 15. Harassment;
16. Keselamatan dan kesehatan; 16. Occupational health and safety;
17. Pencucian uang; 17. Money laundering;
18. Pencurian; 18. Theft;
19. Tindakan yang tidak legal atau tidak beretika yang 19. Unlawful or unethical acts involving consumers
melibatkan konsumen atau rekanan; dan or vendors; and
20. Isu terkait kepatuhan lainnya. 20. Other compliance-related issues.
Mekanisme Whistleblowing Whistleblowing Mechanism
Pelaporan insiden melalui SpeakUp dapat dilakukan Incident reporting through SpeakUp can be done in
dengan dua cara, yaitu: two ways, which are:
1. Melalui internet, dengan mengakses https:// 1. Through the internet, by accessing https://
heidelbergmaterials.speakup.report/en-GB/ heidelbergmaterials.speakup.report/en-GB/
speakup/home. Sistem ini menggunakan bahasa speakup/home. This system uses the language
yang disesuaikan dengan negara pilihan pelapor tailored to the country selected by the
dan laporan dapat disampaikan pada kotak pesan whistleblower and the report can be submitted in
yang tersedia di halaman situs web; the message box available on the website page;
2. Melalui telepon (khusus wilayah Indonesia): 2. Through the telephone (Indonesia region only):
Sistem bekerja seperti voice mailbox, The system works like a voice mailbox, using
menggunakan bahasa Indonesia, tanpa operator. Indonesian, without an operator. This service is a
Layanan ini adalah layanan bebas pulsa. Nomor toll free service. The toll free telephone number
telepon bebas pulsa yang dapat dihubungi adalah that can be contacted is +62 21-8063-0074 with
+62 21-8063-0074 dengan kode akses 107810. access code 107810.
Pihak yang Mengelola Sistem Party that Manage Whistleblowing
Whistleblowing System
SpeakUp dikelola oleh manajemen Perseroan SpeakUp is managed by the Company’s management
yang bekerja sama dengan Heidelberg Materials in collaboration with Heidelberg Materials and third
dan pihak ketiga, yaitu People Intouch dalam party, namely People Intouch, to create a clean and
rangka menciptakan situasi kerja yang bersih dan responsible work environment.
bertanggung jawab.
Perlindungan bagi Whistleblower Protection for Whistleblowers
Penerapan sistem pelaporan pelanggaran melalui The consistent implementation of the whistleblowing
SpeakUp secara konsisten dalam Perseroan dapat system through SpeakUp in the Company can
meminimalisir terjadinya praktik penyimpangan minimize practices of irregularities and frauds,
dan kecurangan seperti korupsi, suap, gratifikasi, such as corruption, bribery, gratification, theft, as
pencurian serta praktik kecurangan dan pelanggaran well as other fraud practices and law violations.
hukum lainnya. Dewan Komisaris dan Direksi The Company’s Board of Commissioners and Board
Perseroan memandang bahwa sistem pelaporan of Directors believe that effective whistleblowing
pelanggaran yang efektif menjadi keharusan system is deemed necessary to be applied, and
386 Laporan Tahunan 2025 Annual Report
Page 387
Tata Kelola Perusahaan
Corporate Governance
diterapkan, sehingga mengapresiasi setiap therefore, appreciate every employee and external
karyawan dan pihak eksternal yang telah berjasa party who has contributed to the efforts to prevent,
membantu upaya pencegahan, pemberantasan, eradicate, or disclose acts of corruption in accordance
atau pengungkapan tindakan korupsi sesuai dengan with Company policy and ensure protection for
kebijakan Perseroan dan menjamin perlindungan whistleblower by keeping the identities confidential.
bagi pelapor pelanggaran dengan merahasiakan Protection is also given to employees who conduct
identitas mereka. Perlindungan juga diberikan investigation and those who provide information
kepada karyawan yang melakukan penyelidikan dan related to such investigation.
bagi yang memberikan informasi terkait dengan
penyelidikan pelanggaran.
Mekanisme Tindak Lanjut Pelaporan Mechanism to Follow-Up Report
Apabila terdapat pelaporan yang masuk ke If there is an incoming report into the SpeakUp
dalam sistem SpeakUp, maka Perseroan berhak system, the Company has the right to decide
untuk memutuskan menindaklanjuti atau tidak whether to follow up or not on the information
menindaklanjuti informasi yang diberikan, kecuali provided, except otherwise when required by law.
apabila diwajibkan oleh undang-undang. Pelapor A whistleblower who provides false information can
yang memberikan informasi palsu dapat dituntut be prosecuted in accordance with the applicable
sesuai dengan undang-undang yang berlaku laws based on the analysis of the management team
berdasarkan analisa tim pengelolaan pelanggaran of violation reporting system.
(management team of violation reporting system).
Investigator bertanggung jawab untuk melakukan The investigator is responsible for conducting
penelaahan dan terhadap setiap laporan kejadian review of every incident report that enters the
yang masuk ke dalam sistem pelaporan. Mekanisme whistleblowing system. The mechanism used is as
yang dijalankan adalah sebagai berikut: follows:
1. Membaca laporan yang masuk ke dalam saluran 1. Read the report that enters the SpeakUp channel;
SpeakUp; 2. Communicate with employee/whistleblower;
2. Berkomunikasi dengan karyawan/pihak pelapor; 3. Understand all facts and circumstances;
3. Memahami seluruh fakta dan keadaan; 4. Document all investigation steps, and actions
4. Mendokumentasikan seluruh langkah investigasi that must be taken;
dan tindakan yang harus diambil; 5. In each case, the whistleblower will be informed
5. Dalam setiap kasus, pelapor akan diinformasikan when the investigation has been completed; and
apabila investigasi telah selesai; dan 6. Keep all documents related to the investigation.
6. Menyimpan semua dokumen yang terkait dengan
investigasi.
Sosialisasi Sistem Whistleblowing Dissemination of Whistleblowing System
Sosialisasi SpeakUp senantiasa dilakukan bukan SpeakUp is consistently disseminated, not only
hanya dengan webinar tetapi juga dengan banner dan through webinars but also banners and flyers that
flyer yang diletakkan di setiap lokasi kompleks pabrik, are easy to read, placed at every Company’s location
gudang dan juga terminal Perseroan yang mudah of factory, warehouse, and terminal. The Company
dibaca. Perseroan terus melakukan peninjauan untuk always conducts reviews to improve and refine the
meningkatkan dan menyempurnakan pelaksanaan implementation of the whistleblowing system as
sistem pelaporan pelanggaran serta melakukan well as periodical dissemination through various
sosialisasi secara berkala melalui berbagai forum meeting and discussion forums with employees for
pertemuan dan diskusi dengan karyawan agar dapat an effective implementation of the system.
diterapkan secara efektif.
Jumlah Pelaporan Total Reports
Sepanjang 2025, terdapat 28 laporan sebagian besar Throughout 2025, there were 28 reports mainly
mengenai relasi antar-karyawan. about employee relations.
Laporan Tahunan 2025 Annual Report 387
Page 388
Pembelian/Penjualan Saham Dewan
Komisaris dan Direksi
Purchase/Sale of Board of Commissioners and Board of Directors’
Shares
Sesuai dengan Piagam Dewan Komisaris dan Piagam Direksi Perseroan, masing-masing anggota Dewan
Komisaris dan Direksi wajib untuk melaporkan saham-saham yang dimiliki oleh Dewan Komisaris dan/atau
Direksi beserta keluarganya dalam Perseroan dan juga melaporkan setiap perubahan kepemilikannya sesuai
peraturan yang berlaku.
Selama 2025 tidak terdapat transaksi saham yang dilakukan oleh keluarga salah satu anggota Dewan Komisaris
Perseroan.
Jumlah Saham sebelum
Nama Jabatan Transaksi Transaksi
Name Position Transaction Total Shares before
Transaction
Dewan Komisaris
Board of Commissioners
Roberto Callieri Komisaris Utama Nihil Nihil
President Commissioner None None
Tedy Djuhar Wakil Komisaris Utama/Komisaris lndependen Nihil Nihil
Vice President Commissioner/Independent None None
Commissioner
Simon Subrata Wakil Komisaris Utama/Komisaris lndependen Nihil Nihil
Vice President Commissioner/Independent None None
Commissioner
Franciscus Welirang Komisaris Independen Nihil Nihil
Independent Commissioner None None
Juan Francisco Komisaris Nihil Nihil
Defalque Commissioner None None
René Samir Aldach Komisaris Nihil Nihil
Commissioner None None
Suharso Monoarfa Komisaris Nihil Nihil
Commissioner None None
Direksi
Board of Directors
Christian Kartawijaya Direktur Utama Nihil Nihil
President Director None None
Benny Setiawan Wakil Direktur Utama Nihil Nihil
Santoso Vice President Director None None
Hasan Imer Direktur Nihil Nihil
Director None None
Troy Dartojo Soputro Direktur Nihil Nihil
Director None None
Oey Marcos Direktur Nihil Nihil
Director None None
Holger Mørch Direktur Nihil Nihil
Director None None
Sunnira Ly Direktur Nihil Nihil
Director None None
388 Laporan Tahunan 2025 Annual Report
Page 389
Tata Kelola Perusahaan
Corporate Governance
In accordance with Board of Commissioners and Board of Directors’ Charter of the Company, each member
of the Board of Commissioners and Board of Directors is required to report the shares owned by the Board of
Commissioners and/or Board of Directors and their families in the Company and also report any changes in
ownership in accordance with the applicable regulations.
Throughout 2025, there were no share transactions completed by the family of one member of the Company’s
Board of Commissioners.
Jumlah Pembelian/ Jumlah Saham
Tujuan Transaksi
Penjualan Harga Saham setelah Transaksi Tanggal Transaksi Pelaporan
Transaction
Total Shares Share Price Total Shares after Transaction Date Reporting
Purpose
Purchased/Sold Transaction
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Nihil Nihil Nihil Nihil Nihil Nihil
None None None None None None
Laporan Tahunan 2025 Annual Report 389
Page 390
Pengungkapan Aspek Lainnya Disclosure of Other Aspects Perseroan telah menetapkan rencana kerja dan The Company has approved the work plan and program anggaran program tanggung jawab sosial Perseroan budget of its corporate social responsibility, especially terutama terkait dengan pelaksanaan program in relation to the implementation of partnership kemitraan dan program bina lingkungan dalam rangka and community development programs in order to mewujudkan hubungan yang harmonis atau kemitraan establish a harmonious relationship or partnership Perseroan dan masyarakat sekitar wilayah usaha between the Company and the communities Perseroan dengan memperhatikan ketentuan yang surrounding its business areas with due regard to the berlaku serta kesesuaian dan kebutuhan pemangku applicable provisions as well as the conformity and kepentingan dan kemampuan Perseroan. Program needs of the stakeholders and the Company’s abilities. tanggung jawab sosial perusahaan yang berkaitan Corporate social responsibility programs related to dengan kegiatan sosial kemasyarakatan dan lingkungan, environmental and community social activities are dilakukan melalui Program Kemitraan dan Bina carried out through the Partnership and Community Lingkungan (PKBL) yang dikelola dan dikembangkan Development Program (PKBL) that is managed and oleh Perseroan dari waktu ke waktu. developed by the Company from time to time. Donasi untuk Kegiatan Politik dan Donations for Political Activities and Kegiatan Sosial Social Activities Perseroan memiliki kebijakan untuk melarang The Company has a policy to prohibit the keterlibatan individu atas nama Perseroan dalam involvement of individuals on behalf of the Company kegiatan politik, termasuk memberikan donasi in political activities, including providing donations untuk kepentingan politik. Setiap individu tidak for political purposes. Individuals are not permitted diperkenankan untuk memberikan dana untuk to provide funds for political activities on behalf of kegiatan politik atas nama Perseroan. the Company. Pembelian Kembali Saham Shares Buyback Pada 2025, Perseroan melakukan pembelian In 2025, the Company bought back its shares, in kembali saham Perseroan, sesuai dengan keputusan accordance with the resolution of the Company’s RUPS Luar Biasa Perseroan yang diadakan pada Extraordinary GMS held on 21 May 2025. The 21 Mei 2025. Periode pembelian kembali saham Company’s share buyback period started from Perseroan dimulai sejak 22 Mei 2025 sampai dengan 22 May 2025 to 21 May 2026, with a total cost of 21 Mei 2026, dengan keseluruhan biaya sebanyak- up to Rp2,250 billion, including securities broker- banyaknya Rp2.250 miliar termasuk komisi perantara dealer commissions and other costs, taken from the pedagang efek dan biaya biaya lainnya, diambil dari Company’s internal cash. kas internal Perseroan. Pertimbangan dilakukannya pembelian kembali The share buyback is conducted with due regards saham karena Perseroan berkeyakinan bahwa to the Company that believes that its shares saham Perseroan sedang undervalued. Pembelian are undervalued. The share buyback is one way kembali saham dapat menjadi salah satu cara untuk to improve and repair market perception of the meningkatkan dan memperbaiki persepsi pasar Company which is still in a net cash position and of terhadap Perseroan yang masih dalam posisi net the management that is confident in the Company’s cash dan manajemen yakin dengan masa depan future. As of the end of 2025, the Company’s share Perseroan. Sampai dengan akhir 2025, pembelian buyback for the period of 22 May 2025 to 21 May kembali saham Perseroan yang dilakukan untuk 2026 is as follows: periode 22 Mei 2025 sampai dengan 21 Mei 2026 adalah sebagai berikut: 390 Laporan Tahunan 2025 Annual Report
Page 391
Tata Kelola Perusahaan
Corporate Governance
Jumlah saham yang telah dibeli kembali 44.863.500 saham | shares
Total share buyback
Persentase saham yang telah dibeli kembali dibandingkan terhadap jumlah saham yang 1,28%
tercatat di Bursa Efek Indonesia
Percentage of share buyback compared to total shares listed on Indonesia Stock
Exchange
Jumlah dana yang telah digunakan untuk pembelian kembali saham Rp291.014.665.000
Amount of funds for share buyback
Harga Perolehan Rata-rata Rp6.525
Average Cost
Sesuai dengan Keputusan RUPS Luar Biasa yang In accordance with the Resolutions of the
diadakan pada 21 Mei 2025, Perseroan telah Extraordinary GMS held on 21 May 2025, the Company
mengalihkan sebagian saham hasil pembelian kembali has transferred a portion of the shares resulting
saham dalam kondisi pasar yang berfluktuatif, yang from the share buyback during fluctuating market
dilakukan pada periode 3 Desember 2021 sampai conditions, totaling 165,628,900 shares carried out
dengan 6 Desember 2022 sebanyak 165.628.900 in the period of 3 December 2021 to 6 December
saham dengan cara pengurangan modal ditempatkan 2022, by reducing issued and paid-up capital.
dan disetor.
Dengan demikian, sampai akhir 2025, jumlah saham Thus, until the end of 2025, the number of treasury
treasury Perseroan hasil pembelian kembali saham shares held by the Company from the share buyback
adalah sebagai berikut: was as follows:
Periode 3 Desember 2021–6 Desember 2022 84.529.400 saham | shares
Period of 3 December 2021–6 December 2022
Periode 15 Mei–31 Desember 2024 81.099.500 saham | shares
Period of 15 May–31 December 2024
Periode 22 Mei 2025–21 Mei 2026 (per 31 Desember 2025) 44.863.500 saham | shares
Period of 22 May 2025–21 May 2026 (as of 31 December 2025)
Jumlah Keseluruhan 210.492.400 saham | shares
Total Amount
Transparansi Kondisi Keuangan dan Transparency of Other Financial and
Non-Keuangan Lainnya Non-Financial Condition
Perseroan telah melakukan transparansi atas laporan The Company has carried out transparency in the
keuangan dan laporan keterbukaan informasi kepada financial statements and information disclosure
otoritas terkait dan seluruh pemangku kepentingan. reports to the relevant authorities and all
Seluruh laporan tersebut juga disajikan melalui situs stakeholders. All reports are also presented on the
web Perseroan. Company’s website.
Laporan Tahunan 2025 Annual Report 391
Page 392
Penilaian Penerapan GCG
Assessment of GCG Implementation
Pada 2025, Indocement telah melakukan penilaian In 2025, Indocement conducted an independent
mandiri atas praktik Corporate Governance di assessment of Corporate Governance practices
lingkungan Perseroan berdasarkan ASEAN Corporate within the Company based on the ASEAN Corporate
Governance Scorecard (ACGS), dengan menggunakan Governance Scorecard (ACGS), by using the ACGS
ACGS yang diterbitkan pada 2 Maret 2024. Penilaian published on 2 March 2024. This assessment is
ini merupakan upaya untuk meningkatkan standar an effort to improve the standard of corporate
implementasi tata kelola korporasi di Perseroan. governance implementation in the Company. The
Adapun hasil penilaian terhadap penerapan GCG di assessment results of GCG implementation in
Indocement adalah sebagai berikut: Indocement are as follows:
Self-Assesment
Prinsip
Total Item Item Not Item Terpenuhi Skor
Principle
Applicable Items Fulfilled Score
Hak dan Kesetaraan Perlakuan kepada Pemegang Saham 30 2 27 96,43
Rights and Equal Treatment of Shareholders
Keberlanjutan dan Resilience 22 0 22 100,00
Sustainability and Resilience
Keterbukaan dan Transparansi 34 0 28 82,35
Disclosure and Transparency
Tanggung Jawab Dewan 63 0 52 82,54
Responsibilities of Board
Skor Level 1 2 129 86,58
Score Level 1
Bonus 18 11 22,00
Penalti 25 1 -2,00
Penalty
Skor Level 2 20,00
Score Level 2
Jumlah Skor 1 + 2 106,58
Total Score 1 + 2
Total nilai praktik GCG yang diperoleh Perseroan The overall score of GCG practices obtained by
adalah sebesar 106,58 poin, artinya implementasi the Company is 106.58 points, meaning that the
tata kelola korporasi Perseroan sudah mengadopsi corporate governance implementation of the
sebagian standar internasional yang disyaratkan Company has adopted some of the international
oleh ACGS. standards required by ACGS.
392 Laporan Tahunan 2025 Annual Report
Page 393
Tata Kelola Perusahaan
Corporate Governance
Penerapan Aspek dan Prinsip Tata
Kelola Perusahaan Sesuai Ketentuan
Otoritas Jasa Keuangan
Implementation of Corporate Governance Aspects and Principles in
Accordance with Financial Services Authority Provisions
Perseroan telah menerapkan Prinsip Tata kelola The Company has implemented the Principles of
Perusahaan Yang Baik sesuai POJK Nomor 21/ Good Corporate Governance in accordance with
SEOJK.04/2015 tentang Penerapan Pedoman Tata POJK No. 21/SEOJK.04/2015 on the Implementation
Kelola Perusahaan Terbuka dan SEOJK Nomor of Public Company Governance Guidelines and
32/SEOJK.04/2015 tentang Pedoman Tata Kelola SEOJK No. 32/SEOJK.04/2015 on Guidelines for
Perusahaan Terbuka. Public Company Governance.
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
I Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam menjamin hak-hak Pemegang Saham.
Aspect 1: Relationship between the Public Company and Shareholders in Guaranteeing Shareholders’ Rights
Prinsip 1 Perusahaan Terbuka RUPS dilaksanakan secara hybrid dimana pemegang Terpenuhi
Meningkatkan memiliki cara atau saham dapat hadir secara fisik maupun mengikutinya Comply
Nilai prosedur teknis menggunakan sistem eASY. KSEI. Bagi pemegang saham
Penyelenggaraan pengumpulan suara yang hadir secara fisik pemungutan suara dilakukan
RUPS (voting) baik secara dengan menggunakan kartu suara sedangkan pemegang
Principle 1 terbuka maupun tertutup saham yang hadir secara daring dapat melakukan
Increasing yang mengedepankan pemungutan suara melalui sistem eASY.KSEI sejak
the Value of independensi, dan panggilan RUPS dilakukan dan ditutup ketika pemungutan
Convening the kepentingan pemegang suara dilakukan pada masing-masing agenda RUPS.
GMS saham.
Public Company has Pihak independen yang melakukan penghitungan suara
methods or technical baik dengan kartu suara maupun yang “ditarik” dari sistem
procedures of voting, eASY.KSEI adalah:
either open or closed, • PT Raya Saham Registra; dan
prioritizing independence • Notaris Publik, Deni Thanur S.E, S.H., M.Kn.
and interests of
shareholders. The GMS was held in a hybrid manner wherein
shareholders can attend in-person or through the eASY.
KSEI system. For shareholders who are attending in-
person, voting is carried out by using ballot paper, while
shareholders who are attending virtually can vote through
the eASY.KSEI system since the GMS notice is carried out
and is closed when voting is conducted on each GMS
agenda item.
The independent parties who count the votes received
either by ballot paper or “drawn” from the eASY.KSEI
system are:
• PT Raya Saham Registra; and
• Public Notary, Deni Thanur S.E, S.H., M.Kn.
Laporan Tahunan 2025 Annual Report 393
Page 394
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
Seluruh anggota Direksi Direksi dan Dewan Komisaris yang hadir dalam RUPS Komisaris René
dan anggota Dewan Tahunan Perseroan yang diadakan pada 21 Mei 2025 Samir Aldach
Komisaris Perusahaan adalah: dan Kevin
Terbuka hadir dalam RUPS • Komisaris Utama: Roberto Callieri Gerard Gluski
Tahunan. • Wakil Komisaris Utama/Komisaris Independen: Tedy berhalangan
All members of the Board Djuhar hadir karena
of Directors and Board • Wakil Komisaris Utama/Komisaris Independen: Simon sedang
of Commissioners of the Subrata bertugas keluar
Public Company attend • Komisaris Independen: Franciscus Welirang negeri.
Annual GMS. • Komisaris: Juan Francisco Defalque Commissioners
René Samir
• Direktur Utama: Christian Kartawijaya Aldach and
• Wakil Direktur Utama: Benny S. Santoso Kevin Gerard
• Direktur: Hasan Imer Gluski were
• Direktur: Troy Dartojo Soputro unable to
• Direktur: Oey Marcos attend because
• Direktur: Holger Mørch they were on
• Direktur: Sunnira Ly duty abroad.
The Board of Directors and Board of Commissioners who
attended the Company’s Annual GMS held on 21 May 2025
were:
• President Commissioner: Roberto Callieri
• Vice President Commissioner/Independent
Commissioner: Tedy Djuhar
• Vice President Commissioner/Independent
Commissioner: Simon Subrata
• Independent Commissioner: Franciscus Welirang
• Commissioner: Juan Francisco Defalque
• President Director: Christian Kartawijaya
• Vice President Director: Benny S. Santoso
• Director: Hasan Imer
• Director: Troy Dartojo Soputro
• Director: Oey Marcos
• Director: Holger Mørch
• Director: Sunnira Ly
Ringkasan risalah RUPS Ringkasan Risalah RUPS yang tersedia dalam situs web Terpenuhi
tersedia dalam Situs Web Indocement untuk 5 tahun buku, yaitu tahun buku 2019 Comply
Perusahaan Terbuka paling sampai dengan tahun buku 2024.
sedikit selama 1 tahun. The summary of the GMS minutes available on the
Summary of GMS minutes Indocement’s website is for 5 financial years, that is from
is available on the Public 2019 to 2024 financial years.
Company’s website for at
least 1 (one) year.
Prinsip 2 Perusahaan Terbuka Indocement memiliki kebijakan komunikasi dengan Terpenuhi
Meningkatkan memiliki suatu kebijakan pemegang saham atau investor yang dari waktu ke waktu Comply
Kualitas komunikasi dengan akan ditinjau (bila diperlukan), yang berisi antara lain:
Komunikasi pemegang saham atau • Alur proses manajemen penyampaian komunikasi
Perusahaan investor. • Kanal komunikasi dan penyampaian informasi
Terbuka dengan Public Company has a • Kanal komunikasi dan penyampaian informasi lainnya
Pemegang policy on communication • System pelaporan pelangaran – SpeakUp
Saham atau with shareholders or • Juru bicara Perseroan
Investor. investors. • Masa tenang
Principle 2
Increasing the Indocement has a communication policy with shareholders
Communication and investors which are reviewed from time to time (if
Quality between necessary), which includes:
the Public • Communication delivery management process flow
Company and • Communication channels and information delivery
Shareholders or • Other communication channels and information delivery
Investors. • Whistleblowing system – SpeakUp
• Company’s Spokesperson
• Quiet period
394 Laporan Tahunan 2025 Annual Report
Page 395
Tata Kelola Perusahaan
Corporate Governance
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
Perusahaan Terbuka Kebijakan Komunikasi Perusahaan telah dipublikasikan di Terpenuhi
mengungkapkan kebijakan situs web Perseroan. Comply
komunikasi Perusahaan The Corporate Policy on Communication has been
Terbuka dengan pemegang published on the Company’s website.
saham atau investor
dalam Situs Web.
Public Company
discloses the policy on
communication between
the Public Company and
shareholders or investors
on the Website.
II Aspek 2: Fungsi dan Peran Dewan Komisaris
Aspect 2: Functions and Roles of the Board of Commissioners
Prinsip 3 Penentuan jumlah Anggaran Dasar Perseroan menetapkan bahwa Dewan Terpenuhi
Memperkuat anggota Dewan Komisaris Komisaris terdiri dari sedikitnya lima orang anggota. Comply
Keanggotaan mempertimbangkan Salah satu diantaranya diangkat sebagai Komisaris Utama
dan Komposisi kondisi Perusahaan dan dua orang anggota lainnya diangkat sebagai Wakil
Dewan Komisaris Terbuka. Komisaris Utama.
Principle 3 The determination of Sampai dengan akhir 2025, jumlah anggota Dewan
Strengthening number of Board of Komisaris Perseroan adalah tujuh orang yang terdiri dari
Board of Commissioners’ members satu orang Komisaris Utama, dua orang Wakil Komisaris
Commissioners’ shall consider the Public Utama, tiga orang Komisaris Independen dan dua
Membership and Company’s condition. Komisaris.
Composition The Company’s Articles of Association stipulate that the
Board of Commissioners consists of at least five members.
One of them is appointed as President Commissioner
and two other members are appointed as Vice President
Commissioners.
Until the end of 2025, the number of the Company’s
Board of Commissioners was seven members, consisting
of one President Commissioner, two Vice President
Commissioners, three Independent Commissioners, and
two Commissioners.
Penentuan komposisi Anggota Dewan Komisaris adalah individu yang mumpuni Terpenuhi
anggota Dewan Komisaris dalam bidangnya masing-masing dan memiliki keahlian Comply
memperhatikan dan pengalaman baik di dalam maupun di luar negeri yang
keberagaman keahlian, diperlukan Perseroan.
pengetahuan, dan
pengalaman yang Dewan Komisaris memiliki keahlian dan pengalaman yang
dibutuhkan. sudah dijelaskan pada halaman 267–270 Laporan Tahunan
The determination of ini.
composition of the
Board of Commissioners Members of the Board of Commissioners are individuals
considers the diversity of who are qualified in their respective fields as well as have
expertise, knowledge, and expertise and experience at home and abroad that are
experience required. necessary for the Company.
The Board of Commissioners has the expertise and
experience explained on page 267–270 in this Annual
Report.
Laporan Tahunan 2025 Annual Report 395
Page 396
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
Prinsip 4 Dewan Komisaris Indocement telah memiliki kebijakan penilaian sendiri Terpenuhi
Meningkatkan mempunyai kebijakan (Self Assessment) bagi Dewan Komisaris dengan kriteria Comply
Kualitas penilaian sendiri untuk sebagai berikut:
Pelaksanaan menilai kinerja Dewan • Tingkat kehadiran dalam Rapat Dewan Komisaris, Rapat
Tugas dan Komisaris. Gabungan Direksi dan Dewan Komisaris maupun Rapat
Tanggung The Board of Dewan Komisaris dengan Komite;
Jawab Dewan Commissioners has a • Kontribusi terhadap tugas pengawasan dan pemberian
Komisaris. self-assessment policy to nasihat kepada Direksi atas pengelolaan Perseroan,
Principle 4 assess its performance. termasuk namun tidak terbatas pada:
Increasing » Audit dan Laporan Keuangan
the Quality of » Tata Kelola, nominasi dan remunerasi
the Execution » Manajemen Risiko
of Board of » Operasional Perseroan
Commissioners’ » Eksekusi Proyeksi
Duties and • Pencapaian program kerja Komite-komite di bawah
Responsibilities. Dewan Komisaris;
• Pengetahuan bisnis dan identifikasi risiko bisnis;
• Komitmen untuk mendukung kepentingan Perseroan;
• Penerapan GCG;
• Kepatuhan terhadap peraturan perundang-undangan
yang berlaku, Anggaran Dasar, ketentuan RUPS, serta
kebijakan Perseroan.
Laporan pertanggungjawaban atas kinerja Dewan
Komisaris disampaikan dalam RUPS Tahunan.
Indocement already has a Board of Commissioners’ Self-
Assessment Policy under the following criteria:
• Attendance level in Board of Commissioners’ Meetings,
Joint Meeting of Board of Directors and Board of
Commissioners, and Board of Directors’ Meetings with
the Committee;
• Contribution to supervision duties and providing advice
to the Board of Directors on the management of the
Company, including but not limited to:
» Audit and Financial Statements
» Governance, nomination, and remuneration
» Risk Management
» Company Operations
» Projection Execution
» Achievement of work program of committees under
the Board of Commissioners;
» Business knowledge and business risk identification;
» Commitment to supporting the Company’s interests;
» GCG implementation;
» Compliance with the applicable laws and regulations,
the Company’s Articles of Association, GMS
resolutions, and Company policies.
Accountability reports on the Board of Commissioners’
performance are submitted in the Annual GMS.
Kebijakan penilaian Pengungkapan penilaian mandiri Dewan Komisaris Terpenuhi
sendiri untuk menilai Perseroan terdapat di halaman 274–276. Comply
kinerja Dewan Komisaris, Disclosure of the Board of Commissioners’ self-
diungkapkan melalui assessment can be found on page 274–276.
Laporan Tahunan
Perusahaan Terbuka.
The self-assessment
policy to assess the
Board of Commissioners’
performance is disclosed
through the Annual Report
of Public Company.
396 Laporan Tahunan 2025 Annual Report
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Tata Kelola Perusahaan
Corporate Governance
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
Dewan Komisaris Pasal 16 ayat (10) anggaran dasar Indocement antara lain Terpenuhi
mempunyai kebijakan menyatakan bahwa jabatan anggota Dewan Komisaris Comply
terkait pengunduran diri berakhir dalam hal tidak lagi memenuhi persyaratan
anggota Dewan Komisaris perundang-undangan yang berlaku. Dengan demikian,
apabila terlibat dalam apabila anggota Dewan Komisaris terlibat dalam kejahatan
kejahatan keuangan. keuangan, maka sesuai anggaran dasar Perseroan,
The Board of jabatannya berakhir.
Commissioners has
policies related to Hal ini juga telah diungkapkan dalam Piagam Dewan
resignation if a member of Komisaris (Board of Commissioner Charter).
Board of Commissioners is
involved in financial crime. Article 16, paragraph (10) of Indocement’s articles of
association, among others, states that the term of office
of a member of Board of Commissioners shall end in
the event that the said person no longer meets the
requirements of the applicable laws and regulations.
Therefore, in the event that a member of the Board of
Commissioners is involved in a financial crime, then
according to the Company’s articles of association, his
term of office will end.
This matter has also been disclosed in the Board of
Commissioners Charter.
Dewan Komisaris atau Proses nominasi anggota Direksi dilakukan oleh Komite Terpenuhi
Komite yang menjalankan Nominasi dan Remunerasi dengan melakukan penelaahan Comply
fungsi Nominasi dan terhadap riwayat hidup calon anggota Direksi. Hasil dari
Remunerasi menyusun seleksi tersebut disampaikan kepada Dewan Komisaris
kebijakan suksesi dalam dalam bentuk rekomendasi.
proses Nominasi anggota
Direksi. Pada tahun 2025, Komite Nominasi dan Remunerasi telah
The Board of melakukan penelaahan terhadap riwayat hidup kandidat
Commissioners or calon anggota Direksi Sunnira Ly.
Committee performing
the Nomination and Nomination process for members of the Board of Directors
Remuneration functions is carried out by the Nomination and Remuneration
prepares a succession Committee by reviewing the curriculum vitae of candidate
policy in the nomination of the Board of Directors. The selection results are
process of members of submitted to the Board of Commissioners in the form of a
Board of Directors. recommendation.
In 2025, the Nomination and Remuneration Committee
reviewed the curriculum vitae of candidate of the Board of
Directors, Sunnira Ly.
III Aspek 3: Fungsi dan Peran Direksi
Aspect 3: Functions and Roles of the Board of Directors
Prinsip 5 Penentuan jumlah Anggaran dasar Perseroan menetapkan bahwa Direksi Terpenuhi
Memperkuat anggota Direksi Perseroan terdiri dari sedikitnya lima orang Direktur Comply
Keanggotaan mempertimbangkan dan sebanyaknya 11 orang Direktur. Seorang diantaranya
dan Komposisi kondisi Perusahaan diangkat sebagai Wakil Direktur Utama dan apabila
Direksi. Terbuka serta efektifitas diwajibkan oleh peraturan perundang-undangan yang
Principle 5 dalam pengambilan berlaku, salah seorang lainnya atau lebih dapat diangkat
Strengthening keputusan. sebagai Direktur Independen.
Board of The determination of
Directors’ the number of Board Sampai dengan akhir 2025, jumlah Direktur Perseroan
Membership and of Directors’ members adalah 7 orang yang terdiri dari satu orang Direktur Utama,
Composition. considers the condition satu orang Wakil Direktur Utama dan 5 orang Direktur.
of the Public Company
and the effectiveness of The Company’s articles of association stipulate that the
decision-making. Company’s Board of Directors shall consist of at least
five Directors and at most 11 Directors. One of them is
appointed as Vice President Director and if required by
the applicable laws and regulations, one or more other
Directors can be appointed as Independent Directors.
Until the end of 2025, the number of Directors of the
Company was 7 members consisting of one President
Director, one Vice President Director, and 5 Directors.
Laporan Tahunan 2025 Annual Report 397
Page 398
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
Penentuan komposisi Direksi Perseroan berasal dari latar belakang pendidikan Terpenuhi
anggota Direksi yang berbeda serta memiliki keahlian dan pengalaman Comply
memperhatikan, baik dalam dan luar negeri, sesuai dengan yang diperlukan
keberagaman keahlian, Perseroan.
pengetahuan, dan
pengalaman yang Keahlian dan pengalaman Direksi sudah dijelaskan pada
dibutuhkan. halaman 270–273 Laporan Tahunan ini.
The determination of
Board of Directors’ The Company’s Board of Directors members come from
composition considers different educational backgrounds and have expertise
the diversity of expertise, as well as experiences both at home and abroad, in
knowledge, and accordance with which required by the Company.
experience required.
The expertise and experience of the Board of Directors
have been explained on page 270–273 in this Annual
Report.
Anggota Direksi yang Sunnira Ly adalah Direktur yang membawahi bidang Terpenuhi
membawahi bidang akuntansi atau keuangan di Perseroan. Beliau memiliki Comply
akuntansi atau keuangan pengalaman sebagai auditor, dan berpengalaman sebagai
memiliki keahlian dan/ Direktur Keuangan di Heidelberg Materials Grup.
atau pengetahuan di
bidang akuntansi. Profil Sunnira Ly dapat terdapat di halaman 106 Laporan
Member of the Board of Tahunan ini.
Directors who is liable for
accounting or finance has Sunnira Ly is the Director in charge of accounting or
accounting expertise and/ finance at the Company. He has experience as an auditor,
or knowledge. and experience as Finance Director at Heidelberg Materials
Group.
Profile of Sunnira Ly is set out on page 106 of this Annual
Report.
Prinsip 6 Direksi mempunyai Perseroan telah memiliki kebijakan penilaian sendiri bagi Terpenuhi
Meningkatkan kebijakan penilaian sendiri Direksi dengan kriteria sebagai berikut: Comply
Kualitas untuk menilai kinerja • Tingkat kehadiran dalam Rapat Direksi, Rapat Gabungan
Pelaksanaan Direksi. Direksi dan Dewan Komisaris maupun Rapat Direksi
Tugas dan The Board of Directors has dengan komite di bawah Direksi;
Tanggung Jawab a self-assessment policy • Pencapaian program kerja Direksi dan komite-komite di
Direksi. to assess its performance. bawah Direksi;
Principle 6 • Pengetahuan bisnis dan identifikasi risiko bisnis;
Increasing • Komitmen dalam memajukan kepentingan Perseroan;
the Quality of • Penerapan GCG;
the Execution • Ketaatan terhadap peraturan perundangan yang berlaku,
of Board of anggaran dasar, ketentuan RUPS, serta kebijakan
Directors’ Perseroan.
Duties and
Responsibilities. Laporan pertanggungjawaban Direksi atas kinerja Direksi
disampaikan dalam RUPS Tahunan.
The Company already has a Board of Directors’ self-
assessment policy under the following criteria:
• Attendance level in Board of Directors’ Meetings,
Joint Meeting of Board of Directors and Board of
Commissioners, as well as Board of Directors’ Meetings
with the Committees under the Board of Directors;
• Achievement of work program of the Board of Directors
and Committees under the Board of Directors;
• Business knowledge and business risk identification;
• Commitment in promoting the Company’s interests;
• GCG implementation;
• Compliance with the applicable laws and regulations,
articles of association, GMS resolutions, and Company
policies.
Accountability report of the Board of Directors’
performance is submitted in the Annual GMS.
398 Laporan Tahunan 2025 Annual Report
Page 399
Tata Kelola Perusahaan
Corporate Governance
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
Kebijakan penilaian sendiri Pengungkapan kebijakan penilaian sendiri bagi Direksi Terpenuhi
untuk menilai kinerja terdapat di halaman 276–277. Comply
Direksi diungkapkan Disclosure of the Board of Directors’ self-assessment
melalui laporan tahunan policy is set out on page 276–277.
Perusahaan Terbuka.
The self-assessment
policy to assess the Board
of Directors’ performance
is disclosed through the
annual report of the Public
Company.
Direksi mempunyai Kebijakan pengunduran diri anggota Direksi apabila terlibat Terpenuhi
kebijakan terkait dalam kejahatan keuangan terdapat di Pasal 13 ayat (8) Comply
pengunduran diri anggaran dasar Indocement dan hal ini juga diungkapkan
anggota Direksi apabila dalam Piagam Direksi (Board of Director Charter).
terlibat dalam kejahatan The resignation policy for members of the Board of
keuangan. Directors if involved in financial crime is stated in Article
The Board of Directors 13 paragraph (8) of Indocement’s articles of association
has a policy related to and this is also disclosed in the Board of Director Charter.
resignation of Board of
Directors’ members if
involved in financial crime.
IV Aspek 4: Partisipasi Pemangku Kepentingan
Aspect 4: Stakeholders Participation
Prinsip 7 Perusahaan Terbuka Kebijakan untuk mencegah insider trading terdapat pada Terpenuhi
Meningkatkan memiliki kebijakan untuk Pedoman Etika Indocement yang menyatakan bahwa Insan Comply
Aspek mencegah terjadinya Perseroan berkomitmen untuk tidak melakukan transaksi
Tata Kelola insider trading. efek dengan menggunakan informasi orang dalam dan
Perusahaan Public Company has a mematuhi peraturan pasar modal.
melalui policy to prevent the The policy to prevent insider trading is stated in the
Partisipasi occurrence of insider Indocement’s Code of Conduct which states that the
Pemangku trading. Company’s Personnel are committed to not conducting
Kepentingan. securities transactions using insider information and shall
Principle 7 comply with capital market regulations.
Increasing Perusahaan Terbuka Perseroan menerbitkan Surat Keputusan Direksi Nomor Terpenuhi
the Corporate memiliki kebijakan 018/Kpts/Dir/ITP/VIII/2018 tanggal 1 Agustus 2018 tentang Comply
Governance antikorupsi dan anti-fraud. Pencegahan Korupsi dan Gratifikasi serta Petunjuk
Aspect through Public Company has anti- Pelaksanaan Pencegahan Korupsi, Kolusi, Nepotisme,
Stakeholders corruption and anti-fraud dan Gratifikasi, untuk memberikan pedoman dalam
Participation. policies. pelaksanaan operasional Perseroan.
The Company issued Board of Directors’ Decision
Letter No. 018/Kpts/Dir/ITP/VIII/2018 dated 1 August
2018 on Prevention of Corruption and Gratification
and Implementation Instructions for the Prevention of
Corruption, Collusion, Nepotism, and Gratification, to
provide guidelines in the implementation of the Company’s
operations.
Perusahaan Terbuka Perseroan memiliki mekanisme pemilihan pemasok atau Terpenuhi
memiliki kebijakan tentang rekanan yang dituangkan dalam Standard Operating Comply
seleksi dan peningkatan Procedure dimana pemilihan pemasok atau vendor
kemampuan pemasok dilakukan oleh panitia penyeleksi yang terdiri dari pihak
atau vendor. pengguna, bagian pengadaan, legal dan bagian keuangan
Public Company has a Perseroan. Selain itu, Perseroan juga telah memiliki
policy on selection and Kode Etik Rekanan dan Pedoman Etika Indocement
improvement of supplier yang didalamnya terdapat syarat yang harus dipenuhi
or vendor capabilities. oleh pemasok atau vendor Perseroan dalam melakukan
kerjasama dengan Perseroan.
The Company has a supplier or vendor selection
mechanism as outlined in the Standard Operating
Procedure in which the selection of suppliers or vendors
is carried out by a selection committee consisting of
user, procurement, legal, and finance department of the
Company. Furthermore, the Company also has Vendor
Code of Conduct and Indocement Code of Conduct,
in which there are requirements that must be met by
suppliers or vendors in conducting cooperation with the
Company.
Laporan Tahunan 2025 Annual Report 399
Page 400
Prinsip Rekomendasi Penjelasan Penerapan di Indocement Penjelasan
No.
Principle Recommendation Explanation of the Implementation in Indocement Explanation
Perusahaan Terbuka Kebijakan tentang pemenuhan hak-hak kreditur tercantum Terpenuhi
memiliki kebijakan tentang dalam setiap perjanjian yang dibuat masing-masing Comply
pemenuhan hak-hak kreditur dengan Indocement.
kreditur. Policies on the fulfillment of creditors’ rights are stated in
Public Company has a every agreement between Indocement and each creditor.
policy on the fulfillment of
creditors’ rights.
Perusahaan Terbuka Perseroan menerapkan kebijakan sistem whistleblowing Terpenuhi
memiliki kebijakan sistem yang diterbitkan oleh Heidelberg Materials Group, yang Comply
whistleblowing. disebut dengan SpeakUp.
Public Company has The Company implements whistleblowing system policy
policies of whistleblowing introduced by Heidelberg Materials Group, called SpeakUp.
system.
Perusahaan Terbuka Insentif jangka panjang dalam bentuk opsi saham Terpenuhi
memiliki kebijakan pernah dilakukan oleh Perseroan, yaitu ketika Perseroan Comply
pemberian insentif jangka pertama kali mencatatkan sahamnya di Bursa, Perseroan
panjang kepada Direksi memberikan opsi kepada karyawan untuk melakukan
dan karyawan. pembelian saham Perseroan.
Public Company has a Long-term incentive in the form of stock option was given
policy on the provision of by the Company when the Company first listed its shares
long-term incentives to on the Stock Exchange. The Company provided options for
the Board of Directors and employees to purchase its shares.
employees.
V Aspek 5: Keterbukaan Informasi
Aspect 5: Information Disclosure
Prinsip 8 Perusahaan Terbuka Selain mempergunakan sistem pelaporan IDXNet dan Terpenuhi
Meningkatkan Memanfaatkan SPE OJK, Indocement juga menggunakan situs web Comply
Pelaksanaan penggunaan teknologi Indocement untuk menyebarkan informasi Perseroan.
Keterbukaan informasi secara lebih luas Selain itu, Indocement memanfaatkan media sosial yaitu
Informasi. selain Situs Web sebagai Facebook, Twitter, Instagram, Tik Tok dan LinkedIn untuk
Principle 8 media keterbukaan menyebarluaskan informasi terkait dengan kegiatan
Increasing the informasi. Tanggung Jawab Sosial Perseroan.
Implementation Public Company utilizes In addition to using IDXNet and SPE OJK, Indocement
of Information information technology also uses its website to publish Company information.
Disclosure. more broadly other than Besides, Indocement uses social media such as Facebook,
the website as the media Twitter, Instagram, Tik Tok and LinkedIn to disseminate
for information disclosure. information related to the Company’s corporate social
responsibility activities.
Laporan Tahunan Laporan Tahunan Perseroan telah mengungkapkan pemilik Terpenuhi
Perusahaan Terbuka manfaat akhir dalam kepemilikan saham Perseroan, Comply
mengungkapkan pemilik sebagaimana dalam halaman 108–110.
manfaat akhir dalam The Company’s Annual Report has disclosed the ultimate
kepemilikan saham beneficial owner of the Company’s share ownership, as set
Perusahaan Terbuka out on page 108–110.
paling sedikit 5%, selain
pengungkapan pemilik
manfaat akhir dalam
kepemilikan saham
Perusahaan Terbuka
melalui pemegang saham
utama dan pengendali.
The Annual Report of
the Public Company
discloses the ultimate
beneficial owner in the
share ownership of Public
Company of at least 5%
of shares, in addition to
the disclosure of ultimate
beneficial owner in the
ownership of Public
Company’s shares through
main and controlling
shareholders.
400 Laporan Tahunan 2025 Annual Report
Page 401
Tata Kelola Perusahaan
Corporate Governance
Praktik Transparansi Bad Corporate
Governance
Bad Corporate Governance Transparency Practice
Indocement memegang teguh komitmen dalam Indocement upholds its commitment to
menerapkan GCG dengan memenuhi seluruh implementing GCG by complying with all regulations
regulasi dan tanggung jawab terkait dengan aktivitas and responsibilities related to the Company’s
Perseroan. Bagi Perseroan penerapan GCG telah activities. For the Company, GCG implementation
menjadi kebutuhan dalam menjalankan kegiatan has become a necessity in performing its business
usahanya dalam rangka menjaga pertumbuhan activities in order to maintain business growth
usaha secara berkelanjutan, meningkatkan nilai sustainably, increase the Company’s value, and face
Perseroan, dan sebagai upaya dalam menghadapi the challenges of the business world. Therefore,
tantangan dunia usaha. Untuk itu penerapan GCG GCG should be implemented consistently through
perlu dilakukan secara konsisten melalui strategi guided work program and strategies.
dan program kerja yang terarah.
Perseroan maupun fungsi yang berada di dalamnya The Company and its functions, which are the
yaitu organ inti Perseroan dan organ pendukung Company’s core organs and supporting organs, in
dalam menjalankan kegiatan operasionalnya tidak carrying out its operational activities do not carry
melakukan praktik bad corporate governance. Hal out bad corporate governance practices. This is
tersebut dirangkum dalam tabel singkat berikut ini: reflected in the following independence table:
Keterangan Praktik
No.
Description Practice
1. Terdapat laporan atas kegiatan perusahaan yang mencemari lingkungan Nihil
Reports on Company activities that pollute the environment None
2. Ketidakpatuhan dalam pemenuhan kewajiban perpajakan Nihil
Non-compliance in fulfilling tax obligations None
3. Ketidaksesuaian penyajian laporan tahunan dan laporan keuangan dengan peraturan yang berlaku dan Nihil
standar akuntansi keuangan (SAK) None
Inconsistency of presentation of annual report and financial statements with the applicable regulations
and Financial Accounting Standards (SAK)
4. Tidak menyampaikan kasus/perkara hukum terkait buruh dan karyawan Nihil
No submission of legal cases/law suit related to labor and employees None
5. Tidak mengungkapkan tinjauan segmen operasi Nihil
No disclosures on operational segment review None
6. Ketidaksesuaian berkas Laporan Tahunan Nihil
Discrepancy of Annual Report file None
Dalam rangka menerapkan GCG, Perseroan In order to implement GCG, the Company requires all
mewajibkan setiap Insan Perseroan untuk of its Personnel to adopt sound business practices
menjalankan praktik-praktik usaha yang sehat by upholding ethics and behavior standards. Every
dengan menjunjung tinggi standar etika dan perilaku. employee must sign a commitment declaration on
Setiap karyawan diwajibkan untuk menandatangani the application of ethical and behavioral standards
pernyataan komitmen untuk menjalankan standar according to the provisions contained in the
etika dan perilaku sesuai dengan ketentuan yang Indocement Code of Conduct. It is done as part of
diatur dalam Pedoman Etika Indocement. Hal ini the compliance of the Company’s Personnel with
dilakukan sebagai bagian dari kepatuhan Insan GCG principles. Those who are proven to have
Perseroan dalam melaksanakan prinsip-prinsip GCG. violated the Indocement Code of Conduct will be
Bagi mereka yang terbukti melakukan pelanggaran sanctioned according to the applicable regulations
terhadap ketentuan Pedoman Etika Indocement at Indocement.
akan diberikan sanksi sesuai dengan ketentuan yang
berlaku di Indocement.
Laporan Tahunan 2025 Annual Report 401
Page 402
Tanggung Jawab Sosial dan Lingkungan Corporate Social Responsibility 06 Bab | Chapter 402 Laporan Tahunan 2025 Annual Report
Page 403
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Laporan Tahunan 2025 Annual Report
Laporan Tahunan 2025 Annual Report 403
Page 404
Tanggung Jawab Sosial
dan Lingkungan
Corporate Social Responsibility
Indocement menyerahkan rumah hasil renovasi program perbaikan rumah tidak layak huni (Rutilahu)
di desa mitra sebagai rangkaian perayaan HUT ke-50 Indocement.
Indocement handed over a renovated house under its uninhabitable home improvement program
(Rutilahu) in a partner village as part of Indocement’s 50th Anniversary celebrations.
Indocement menempatkan tanggung jawab sosial dan Indocement places corporate social responsibility as
lingkungan sebagai bagian integral dari strategi bisnis an integral part of its sustainable business strategy,
berkelanjutan, sejalan dengan komitmen Heidelberg in line with Heidelberg Materials’ commitment to a
Materials terhadap industri semen rendah karbon. low-carbon cement industry. In 2025, the Company
Pada 2025, Perseroan mengintegrasikan prinsip ESG integrated ESG principles comprehensively into
secara menyeluruh dalam operasional harian, mulai its daily operations, from reducing Scope 1 and 2
dari pengurangan emisi Scope 1 dan 2, optimalisasi emissions, optimizing renewable energy, to circular
energi terbarukan, hingga pengelolaan limbah waste management in the Company’s factories. This
sirkular di kompleks-kompleks pabrik Perseroan. approach supports the 2050 Net Zero Emissions
Pendekatan ini mendukung target Net Zero Emission target through technology innovation and strategic
2050 melalui inovasi teknologi dan kolaborasi collaboration with stakeholders.
strategis dengan para pemangku kepentingan.
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Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Secara sosial, Indocement memperluas program Socially, Indocement expands its community
pemberdayaan masyarakat melalui inisiatif empowerment programs through initiatives such
seperti Indocement Baik, pendidikan vokasi, dan as Indocement Baik, vocational education, and
pengembangan UMKM lokal untuk memperkuat the development of local MSMEs to strengthen
ketahanan komunitas di sekitar wilayah pabrik. Di the resilience of communities surrounding its
bidang lingkungan, Perseroan menjalankan berbagai factories. In the environmental pillar, the Company
inisiatif yang mencakup upaya konservasi sumber implements various initiatives encompassing natural
daya alam dan pengelolaan dampak lingkungan, resource conservation and environmental impact
termasuk program Jangkrik BOS yang memperoleh management, including Jangkrik BOS program,
pengakuan nasional melalui BISRA Award 2025. which receives national recognition through the
2025 BISRA Award.
Pendekatan keberlanjutan tersebut didukung Such sustainability approaches are supported by
oleh penerapan tata kelola ESG yang bertanggung the implementation of responsible ESG governance,
jawab, sehingga Perseroan dapat menciptakan enabling the Company to create shared value for
nilai bersama bagi para pemangku kepentingan stakeholders and contribute to the achievement of
serta berkontribusi terhadap pencapaian tujuan sustainable development goals at the national level.
pembangunan berkelanjutan di tingkat nasional.
Komitmen terhadap Pembangunan Commitment to Sustainable
Berkelanjutan Development
Indocement menegaskan komitmen kuat terhadap Indocement affirms its strong commitment to
pembangunan berkelanjutan melalui Sustainable sustainable development through the Sustainable
Commitment 2030 (SC 2030), kerangka strategis Commitment 2030 (SC 2030), a strategic framework
dari Heidelberg Materials yang menjadi panduan from Heidelberg Materials that serves as the primary
utama transformasi industri semen menuju Net guideline for cement industry’s transformation
Zero Emission. SC 2030 menetapkan target ambisius toward net-zero emissions. SC 2030 sets ambitious
berupa pengurangan emisi CO2 sebesar 30% pada targets of reducing 30% of CO2 emissions by 2030
2030 dibandingkan baseline 2020, optimalisasi compared to the 2020 baseline, optimizing the use
penggunaan bahan bakar alternatif hingga 30%, serta of alternative fuels by up to 30%, and significantly
peningkatan substitusi klinker secara signifikan. increasing clinker substitution. This commitment
Komitmen ini diintegrasikan dalam setiap keputusan is integrated into every operational decision of
operasional Indocement, memastikan keseimbangan Indocement, ensuring a balance between business
antara pertumbuhan bisnis, perlindungan lingkungan, growth, environmental protection, and community
dan kesejahteraan masyarakat. well-being.
Pada 2025, Indocement melangkah konkret dalam In 2025, Indocement took concrete steps to
implementasi SC 2030 melalui investasi pada implement SC 2030 by investing in carbon capture
teknologi carbon capture and storage (CCS) di and storage (CCS) technology at Cirebon Factory
Kompleks Pabrik Cirebon, serta ekspansi co- and expanding industrial waste co-processing,
processing limbah industri yang mencapai 25% which reached 25% of the total production energy.
dari total energi produksi. Selain itu, Perseroan Furthermore, the Company developed various
mengembangkan berbagai inisiatif ekonomi sirkular community-based circular economy initiatives to
berbasis komunitas sebagai bentuk penerjemahan translate SC 2030 into locally relevant solutions.
SC 2030 ke dalam solusi yang relevan dengan This approach reflected the Company’s dedication
kondisi lokal. Pendekatan ini mencerminkan to creating a sustainable value chain from upstream
dedikasi Perseroan untuk menciptakan rantai nilai to downstream.
berkelanjutan dari hulu ke hilir.
Ke depan, SC 2030 menjadi kompas bagi Indocement Going forward, SC 2030 will serve as Indocement’s
dalam menghadapi regulasi karbon nasional dan compass in addressing national and global carbon
global, dengan rencana transisi ke semen rendah regulations, with plans to transition to low-carbon
karbon dan hydrogen-ready kiln pada akhir dekade. cement and hydrogen-ready kilns by the end of the
Melalui kolaborasi dengan pemerintah, komunitas, decade. Through collaboration with the government,
dan mitra teknologi, Perseroan berkomitmen communities, and technology partners, the Company
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mewujudkan visi industri semen hijau yang tidak is committed to realizing its vision of a green cement
hanya memenuhi target ESG, tetapi juga berkontribusi industry that not only meets ESG targets but also
pada pencapaian SDGs nasional, khususnya SDG 9 contributes to the achievement of the national
(Industri, Inovasi, dan Infrastruktur) serta SDG 13 SDGs, particularly SDG 9 (Industry, Innovation, and
(Penanganan Perubahan Iklim). Infrastructure) and SDG 13 (Addressing Climate Change).
Sejalan dengan visi tersebut, pada 2025 Perseroan In line with this vision, in 2025, the Company revised
telah merevisi target penggunaan bahan bakar its target for alternative fuel use to 42% by 2030
alternatif menjadi 42% pada 2030 untuk menekan to reduce its CO2 emissions. Therefore, in 2025,
emisi CO2 yang dihasilkan Perseroan. Untuk itu, pada the Company actively implemented alternative
2025 Perseroan secara aktif mengimplementasikan fuel facility projects and collaborated with waste
proyek fasilitas bahan bakar alternatif dan kerjasama management companies to achieve such target.
dengan pengelolaan limbah untuk mencapai target
tersebut.
Peta Jalan Pengurangan Bahan Bakar Fosil Indocement
Roadmap for Indocement Fossil Fuel Reduction
Persentase Tingkat Konsumsi Bahan Bakar (%)
Fuel Consumption Rate (%)
2,3 3,4 3,2 5,8 7,4 9,3
12,2 18,1 18,3 21,4 29
42
97,7 96,6 96,8 94,2 82,6 90,7 87,8 81,9 81,7 78,6 71
58
8% 12% 35% 45% 69% 80% 88% 92% 90% 89% ~90% ~90%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ... 2030E
Bahan Bakar Fosil Bahan Bakar Alternatif Kandungan Batubara dengan Nilai Kalor Rendah
Fossil Fuel Alternative Fuel LCV Coal Content
Visi CSR Indocement Indocement’s CSR Vision
Visi CSR Indocement adalah mendukung pencapaian Indocement’s CSR vision is to support the
pembangunan berkelanjutan sejalan dengan SC 2030 achievement of sustainable development in line with
melalui peningkatan kemandirian masyarakat SC 2030 by enhancing community self-reliance and
dan upaya menjaga kelestarian lingkungan, efforts to preserve the environment, thereby creating
sehingga tercipta hubungan yang harmonis dengan harmonious relationships with the community.
masyarakat.
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Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Misi CSR Indocement Indocement’s CSR Mission
Dengan bersungguh-sungguh menjalankan kegiatan Earnestly carrying out harmonious and synergistic
tanggung jawab sosial yang harmonis dan bersinergi social responsibility activities with stakeholders to:
dengan pemangku kepentingan untuk: 1. Increase community empowerment that
1. Meningkatkan pemberdayaan masyarakat yang encourages collective community initiatives to
mendorong inisiatif kolektif masyarakat untuk utilize local potential and resources;
memanfaatkan potensi dan sumber daya lokal; 2. Improve environmental management on an
2. Meningkatkan pengelolaan lingkungan hidup ongoing basis together with the community; and
secara berkelanjutan bersama masyarakat; dan 3. Support the achievement of the Company’s
3. Mendukung tercapainya keberlanjutan bisnis business sustainability.
Perusahaan.
Filosofi CSR Indocement CSR Philosophy of Indocement
Perseroan menanamkan filosofi CSR yang berlandaskan The Company implements a CSR philosophy based
pada prinsip pembangunan berkelanjutan dengan on the principles of sustainable development by
mengintegrasikan pemberdayaan masyarakat, integrating community empowerment, environmental
pengelolaan lingkungan, dan kemitraan strategis management, and strategic partnerships with
dengan para pemangku kepentingan. Kami meyakini stakeholders. We believe that community’s
bahwa kemandirian masyarakat, pemanfaatan sumber self-reliance, wise use of local resources, and
daya lokal secara bijak, serta pelestarian lingkungan environmental preservation are the main foundations
merupakan fondasi utama menuju keberlanjutan for true sustainability.
sejati.
Melalui kolaborasi yang sinergis dan Through synergistic and ongoing collaboration, the
berkesinambungan, Perseroan berkomitmen untuk Company is committed to creating sustainable
menciptakan nilai bersama yang berkelanjutan, shared value, strengthening resilience to climate
memperkuat ketahanan terhadap perubahan iklim, change, and improving social welfare. Indocement’s
serta meningkatkan kesejahteraan sosial. Program CSR program is not only focused on managing
CSR Indocement tidak hanya difokuskan pada social and reputational risks, however also aimed at
pengelolaan risiko sosial dan reputasi, tetapi juga building community capacity and encouraging local
diarahkan untuk membangun kapasitas masyarakat economic growth, thus providing a tangible positive
dan mendorong pertumbuhan ekonomi lokal, impact on the people and environment surrounding
sehingga memberikan dampak positif nyata bagi our operational areas.
manusia dan lingkungan di sekitar wilayah operasi
kami.
Tujuan CSR Indocement CSR Objectives of Indocement
Tujuan umum CSR adalah mengelola risiko sosial The general objectives of CSR are to manage social and
dan reputasi, serta mengoptimalkan dampak positif reputational risks and optimize the positive impact of
kegiatan operasional melalui cara-cara berikut: operational activities through the following means:
1. Memberikan advokasi kepada masyarakat 1. Providing advocacy to the community through
dalam kegiatan yang dapat menciptakan nilai value creation activities and improving the
(value creation) dan meningkatkan kemandirian community’s economic independence;
ekonomi masyarakat; 2. Improving human resources in the community
2. Meningkatkan sumber daya manusia di masyarakat through activities for capacity development and
melalui kegiatan untuk pengembangan kapasitas accessibility;
dan aksesibilitas; 3. Optimizing local potential to increase
3. Mengoptimalkan potensi lokal untuk opportunities that encourage community welfare;
meningkatkan peluang yang mendorong 4. Developing environmental governance that
kesejahteraan masyarakat; contributes to reducing the impact of climate
4. Mengembangkan tata kelola lingkungan yang change;
berkontribusi pada pengurangan dampak
perubahan iklim;
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5. Meningkatkan kesadaran masyarakat untuk 5. Increasing public awareness to carry out
melakukan pengelolaan lingkungan yang sustainable environmental management;
berkelanjutan; 6. Building collaboration and increasing cooperation
6. Membangun kolaborasi dan meningkatkan kerja with other communities, thus, ensuring
sama dengan komunitas lain dalam rangka achievement of effectiveness or efficiency of the
menjamin tercapainya efektivitas atau efisiensi activities; and
kegiatan; dan 7. Improving and maintaining a positive reputation
7. Meningkatkan dan menjaga reputasi positif as a Company that has a high commitment to
sebagai Perusahaan yang memiliki komitmen society, communities, and the environment.
tinggi terhadap masyarakat, komunitas, dan
lingkungan.
Seiring dengan berjalannya waktu dan berkembangnya As time goes by and the concept of ESG
konsep ESG (Environment, Social, and Governance), (Environment, Social, and Governance) develops,
pelaksanaan program CSR Perseroan juga turut the implementation of the Company’s CSR program
bertransformasi dan kini menjadi bagian dari strategi has also transformed and is currently part of a
keberlanjutan yang berfokus pada aspek lingkungan, sustainability strategy that focuses on environmental,
sosial, dan tata kelola. social, and governance aspects.
Selanjutnya strategi keberlanjutan Indocement Furthermore, Indocement’s sustainability strategy is
diterjemahkan pada empat tujuan utama, yaitu: translated into four main objectives, as follows:
1. Membangun masa depan nihil emisi; 1. Building a future with zero-emission;
2. Membangun masa depan yang sirkular dan 2. Building a future that is circular and resilient;
tangguh; 3. Building a future that is safe and inclusive; and
3. Membangun masa depan yang aman dan inklusif; 4. Building a future of positive nature.
dan
4. Membangun masa depan alam yang positif.
Empat tujuan tersebut telah disesuaikan dengan The four objectives have been adjusted to the points
poin-poin yang terdapat dalam TPB. contained in SDGs.
Perkembangan Penerapan ESG pada ESG Implementation Progress in 2025
2025
Indocement menegaskan komitmen kuat terhadap Indocement affirms its strong commitment to ESG
ESG sebagai fondasi transformasi berkelanjutan, as the basis of its sustainable transformation, in line
sejalan dengan Sustainable Commitment 2030 with Heidelberg Materials’ Sustainable Commitment
(SC 2030) dari Heidelberg Materials. Pada 2025, 2030 (SC 2030). In 2025, the Company integrated
Perseroan mengintegrasikan prinsip Environmental, Environmental, Social, and Governance principles
Social, dan Governance dalam seluruh operasi, into all of its operations, targeting a 20% reduction
dengan target pengurangan emisi CO2 Scope 1 dan in Scope 1 and 2 CO2 emissions compared to the
2 sebesar 20% dibandingkan baseline 2020 melalui 2020 baseline through optimizing refuse-derived
optimalisasi refuse-derived fuel (RDF) dan energi fuel (RDF) and renewable energy.
terbarukan.
Penggunaan RDF mencapai 29% dari total energi The use of RDF accounted for 29% of total thermal
termal di Kompleks Pabrik Citeureup, Kompleks Pabrik energy at Citeureup, Cirebon, and Tarjun factories,
Cirebon, dan Kompleks Pabrik Tarjun, memproses processing 150,000 tons of municipal waste in a
150.000 ton limbah perkotaan secara sirkular. circular manner. This RDF co-processing program
Program co-processing RDF ini memenuhi Permen complies with the Minister of Environment and
LHK No. P.35/2016 dan mengurangi ketergantungan Forestry Regulation No. P.35/2016 and reduces
fosil, memperkuat peran Indocement dalam dependence on fossil fuels, strengthening
pengelolaan limbah industri yang berkelanjutan. Indocement’s role in the sustainable industrial
waste management.
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Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Pilar environmental diperkuat melalui optimalisasi The environmental pillar is strengthened by
pemanfaatan bahan bakar alternatif dan optimizing the use of alternative fuels and waste
co-processing limbah di Kompleks Pabrik Citeureup co-processing at Citeureup Factory as part of low-
sebagai bagian dari transisi energi rendah karbon, carbon energy transition, implementing responsible
penerapan pengelolaan air yang bertanggung jawab, water management, and developing low-carbon
serta pengembangan inisiatif rendah karbon melalui initiatives through a carbon capture pilot and the
carbon capture pilot, dan zero liquid discharge di implementation of zero liquid discharge at Cirebon
Kompleks Pabrik Cirebon. Upaya restorasi lingkungan Factory. Environmental restoration efforts were also
juga dilakukan melalui rehabilitasi 60 ha lahan di implemented to restore 60 hectares of land at Tarjun
Kompleks Pabrik Tarjun dengan penanaman 55.000 Factory by planting 55,000 endemic trees.
pohon endemik.
Perseroan turut menyelenggarakan Quarry Life The Company also held the 6th edition of Quarry Life
Award (QLA) Edisi ke-6 yang diikuti oleh 53 proposal Award (QLA), with 53 proposals in research stream
dalam kategori research stream dan community and community stream categories. Winners of the
stream. Pemenang QLA edisi ke-6 juga berhak untuk 6th edition of QLA were also eligible to participate in
mengikuti kompetisi QLA tingkat internasional. the international QLA competition.
Peserta QLA edisi ke-6 asal Indonesia mencatat Participants from Indonesia in the 6th edition of
partisipasi luar biasa dalam ajang QLA Internasional QLA recorded outstanding participation in the
yaitu 42,4% dari seluruh proposal yang masuk pada International QLA, representing 42.4% of all proposals
kompetisi QLA tingkat internasional. Faradlina submitted to the QLA International competition.
Mufti, pemenang QLA edisi ke-6 berhasil meraih Faradlina Mufti, winner of the 6th edition of QLA, won
penghargaan tingkat internasional untuk kategori an international award in Biodiversity & Education
Biodiversity & Education Award lewat proyek Award category for her Birdwatching project. This
Birdwatching. Proyek ini mengusung konsep project promoted birdwatching with high school
birdwatching bersama siswa SMA di kawasan students in Cirebon Factory conservation area. In
konservasi Kompleks Pabrik Cirebon. Selain addition to increasing knowledge about biodiversity,
meningkatkan pengetahuan tentang keanekaragaman this initiative also engages the local community to
hayati, inisiatif ini juga melibatkan masyarakat sekitar build networks and create economic opportunities
untuk membangun jejaring dan membuka peluang as educational tour guides.
ekonomi sebagai pemandu wisata edukatif.
Pada aspek sosial, program CSR unggulan On social aspect, a flagship CSR program, Indocement
Indocement Baik menjangkau 18.000 penerima Baik, reached 18,000 beneficiaries through “Sekolah
manfaat melalui “Sekolah Tukang" yang melatih Tukang,” which trained 1,200 informal workers in
1.200 pekerja informal di Cirebon dan Tarjun. Program Cirebon and Tarjun. This program supports the local
ini mendukung industri konstruksi lokal dengan construction industry with competency certification,
sertifikasi kompetensi, menciptakan multiplier effect creating a multiplier effect for the local economy
bagi ekonomi daerah sekitar pabrik. surrounding the factory.
Program CSR unggulan lainnya, Jangkrik BOS, meraih Another flagship CSR program, Jangkrik BOS, won
Platinum Champion BISRA Award 2025 dengan the Platinum Champion BISRA Award 2025 by
menciptakan 600 lapangan kerja petani jangkrik creating 600 jobs for cricket farmers near the factory.
di sekitar pabrik. Inisiatif ini mengintegrasikan This initiative integrates RDF into circular organic
RDF menjadi pupuk organik sirkular, mendukung fertilizer, supports food security through sustainable
ketahanan pangan melalui protein alternatif alternative proteins, and reduces community food
berkelanjutan dan mengurangi limbah makanan waste.
komunitas.
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Dari sisi governance, Perseroan menerapkan From a governance perspective, the Company
pelaporan terintegrasi berbasis GRI Standards, implements integrated reporting based on GRI
SASB, TCFD, dan SBTi yang mencakup 100% operasi, Standards, SASB, TCFD, and SBTi, covering 100% of its
didukung audit independen RDF oleh lembaga operations, supported by an independent RDF audit
internasional. Adopsi Workday dan TIRO System conducted by international institutions. Workday and
mencapai 95% memastikan transparansi data HC, TIRO System adoption reached 95%, ensuring HC
sementara Disaster Recovery Center (DRC) simulasi data transparency, while Disaster Recovery Center
98% menjamin ketahanan operasional selama (DRC) simulation achieved 98%, ensuring operational
transisi ESG. resilience during ESG transition.
Rating ESG melonjak ke A- (INSURA Top 50), The ESG rating soared to A- (INSURA Top 50),
mencerminkan kepercayaan investor terhadap reflecting investor confidence in Indocement’s RDF
strategi RDF dan CSR unggulan. Kolaborasi KLHK, and CSR strategies. The collaboration between
JETRO, dan AFCM 26th Symposium memperkuat the Ministry of Environment and Forestry (KLHK),
posisi Indocement dalam transformasi menuju JETRO, and the 26th AFCM Symposium strengthened
industri semen hijau, dengan QLA dan Jangkrik BOS Indocement’s position in the transformation towards
sebagai studi kasus transformasi industri berat. a green cement industry, with QLA and Jangkrik BOS
as case studies in heavy industry transformation.
Selanjutnya, Indocement menargetkan konsumsi In the future, Indocement is targeting 35% of RDF
RDF mencapai 35% dan clinker substitute 28% pada consumption and 28% clinker substitute by 2027,
2027, didukung investasi untuk kiln RDF-optimized supported by investments in RDF-optimized and
dan hydrogen-ready. Melalui penerapan ESG hydrogen-ready kilns. Through the implementation
matang—dikuatkan RDF, QLA, dan CSR unggulan— of mature ESG—strengthened by RDF, QLA, and
Perseroan menciptakan nilai jangka panjang bagi flagship CSR—the Company creates long-term
pemangku kepentingan, memenuhi regulasi karbon value for stakeholders, meets national carbon
nasional, dan berkontribusi pada SDGs 9, 11, 12, 13, regulations, and contributes to SDGs 9, 11, 12, and 13,
memperkuat daya saing global di era Industri 4.0. strengthening its global competitiveness in the era
of Industry 4.0.
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Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Indocement menyelenggarakan Green Photo Hunting secara serempak di seluruh area operasional
dalam rangka memperingati HUT ke-50 Indocement.
Indocement held Green Photo Hunting activities across all operational area as part of the celebration
of Indocement’s 50th Anniversary.
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Laporan Keuangan Financial Report 07 Bab | Chapter 414 Laporan Tahunan 2025 Annual Report
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Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Laporan Tahunan 2025 Annual Report
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS 31 DESEMBER 2025 DAN 2024/ 31 DECEMBER 2025 AND 2024
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 1 Page
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali nilai nominal per saham) except par value per share)
Catatan/
2025 Notes 2024
ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 5.872.748 4 4.496.547 Cash and cash equivalents
Piutang usaha Trade receivables
- Pihak berelasi 10.993 5,26b 7.015 Related parties -
- Pihak ketiga - neto 2.740.098 5 2.831.204 Third parties - net -
Piutang lain-lain Other receivables
- Pihak berelasi 61.196 26b 42.073 Related parties -
- Pihak ketiga 91.873 132.000 Third parties -
Persediaan - neto 2.176.751 6 2.593.061 Inventories - net
Uang muka dan jaminan 180.608 188.840 Advances and deposits
Pajak dibayar di muka 30.139 11a 41.216 Prepaid taxes
Beban dibayar di muka 50.907 56.878 Prepaid expenses
JUMLAH ASET LANCAR 11.215.313 10.388.834 TOTAL CURRENT ASSETS
ASET TIDAK LANCAR NON-CURRENT ASSETS
Aset pajak tangguhan - neto 24.589 11d 30.408 Deferred tax assets - net
Investasi pada entitas asosiasi 579.918 260.522 Investment in associates
Aset tetap - neto 18.862.065 7 18.746.770 Fixed assets - net
Properti investasi - neto 8.730 12.927 Investment properties - net
Aset takberwujud - neto 528.336 541.457 Intangible assets - net
Goodwill 133.422 21 133.422 Goodwill
Aset keuangan tidak lancar Other non-current financial
lainnya 143.246 131.622 assets
Aset tidak lancar lainnya 229.724 174.044 Other non-current assets
JUMLAH ASET TIDAK LANCAR 20.510.030 20.031.172 TOTAL NON-CURRENT ASSETS
JUMLAH ASET 31.725.343 30.420.006 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated
terpisahkan dari laporan keuangan konsolidasian. financial statements.
Page 427
PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 2 Page
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali nilai nominal per saham) except par value per share)
Catatan/
2025 Notes 2024
LIABILITAS LIABILITIES
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Utang bank jangka pendek 1.000.000 12 2.000.000 Short-term bank loan
Utang usaha Trade payables
- Pihak berelasi 17.052 8,26b 17.804 Related parties -
- Pihak ketiga 1.591.545 8 1.772.821 Third parties -
Utang lain-lain Other payables
- Pihak berelasi 273.540 9,26b 241.024 Related parties -
- Pihak ketiga 728.510 9 758.146 Third parties -
Uang jaminan pelanggan 114.279 93.820 Customers’ deposits
Akrual 1.130.864 10 1.266.838 Accruals
Utang pajak 11b Taxes payable
- Pajak penghasilan 279.970 234.429 Corporate income taxes -
- Pajak lain-lain 116.057 49.763 Other taxes -
Liabilitas imbalan kerja Short-term employee
jangka pendek 430.980 14 407.452 benefit liabilities
Liabilitas sewa yang jatuh Current maturities of
tempo dalam satu tahun 421.400 13 333.032 lease liabilities
JUMLAH LIABILITAS
JANGKA PENDEK 6.104.197 7.175.129 TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Utang bank jangka panjang 1.000.000 12 - Long-term bank loan
Liabilitas sewa - setelah
dikurangi bagian yang jatuh Lease liabilities
tempo dalam satu tahun 322.094 13 105.712 - net of current maturities
Liabilitas pajak tangguhan - neto 597.772 11d 535.474 Deferred tax liabilities - net
Liabilitas imbalan kerja Long-term employee
jangka panjang 363.697 14 363.513 benefit liabilities
Provisi jangka panjang 134.482 125.828 Long-term provisions
JUMLAH LIABILITAS JANGKA TOTAL NON-CURRENT
PANJANG 2.418.045 1.130.527 LIABILITIES
JUMLAH LIABILITAS 8.522.242 8.305.656 TOTAL LIABILITIES
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated
terpisahkan dari laporan keuangan konsolidasian. financial statements.
Page 428
PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 3 Page
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali nilai nominal per saham) except par value per share)
Catatan/
2025 Notes 2024
EKUITAS EQUITY
Ekuitas yang dapat Equity attributable to
diatribusikan kepada the owners of the
pemilik entitas induk parent entity
Modal saham - nilai nominal
Rp500 (dalam Rupiah penuh) Capital stock - Rp500 (in full Rupiah)
per saham par value per share
Modal dasar - 8.000.000.000 Authorised - 8,000,000,000
saham shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh - 3.515.602.799 saham 3,515,602,799 shares
(2024: 3.681.231.699 saham) 1.757.801 15 1.840.616 (2024: 3,681,231,699 shares)
Tambahan modal disetor 843.325 17 2.698.863 Additional paid-in capital
Saham tresuri (1.662.991) 1b (3.309.476) Treasury shares
Saldo laba Retained earnings
- Dicadangkan 400.000 19 400.000 Appropriated -
- Belum dicadangkan 21.864.966 20.484.347 Unappropriated -
JUMLAH EKUITAS 23.203.101 22.114.350 TOTAL EQUITY
JUMLAH LIABILITAS DAN TOTAL LIABILITIES
EKUITAS 31.725.343 30.420.006 AND EQUITY
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated
terpisahkan dari laporan keuangan konsolidasian. financial statements.
Page 429
PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 4 Page
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN LOSS AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR YEARS ENDED
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
2025 Notes 2024
PENDAPATAN NETO 17.731.188 23 18.548.734 NET REVENUES
BEBAN POKOK PENDAPATAN (11.961.315) 24 (12.487.779) COST OF REVENUES
LABA BRUTO 5.769.873 6.060.955 GROSS PROFIT
Beban usaha (3.683.036) 25 (3.725.106) Operating expenses
Keuntungan atas divestasi dan Gain on divestment and
pengukuran kembali remeasurement of
investasi pada entitas asosiasi 669.979 20 - investment in an associate
(Beban)/penghasilan lain - neto (49.892) 57.573 Other (expenses)/income - net
Pendapatan keuangan 207.315 133.332 Finance income
Biaya keuangan (172.536) (181.562) Finance costs
Bagian atas laba bersih entitas Share of net profit of
asosiasi - neto 36.958 145.337 associates - net
Pajak final (42.328) (27.511) Final tax
LABA SEBELUM PROFIT BEFORE
BEBAN PAJAK PENGHASILAN 2.736.333 2.463.018 INCOME TAX EXPENSE
BEBAN PAJAK
PENGHASILAN - NETO (487.552) 11c (455.071) INCOME TAX EXPENSE - NET
LABA TAHUN BERJALAN 2.248.781 2.007.947 PROFIT FOR THE YEAR
PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN INCOME
Pos-pos yang tidak akan Items that will not be
direklasifikasi ke laba rugi reclassified to profit or loss
(Kerugian)/keuntungan pengukuran Remeasurement (loss)/gain on
kembali liabilitas imbalan kerja (1.004) 14 15.365 employee benefit liabilities
Pajak penghasilan terkait 485 11d (2.968) Related income tax
(RUGI)/PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN TAHUN INCOME/(LOSS) FOR THE
BERJALAN, SETELAH PAJAK (519) 12.397 YEAR, NET OF TAX
JUMLAH PENGHASILAN
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN 2.248.262 2.020.344 INCOME FOR THE YEAR
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated
terpisahkan dari laporan keuangan konsolidasian. financial statements.
Page 430
PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 5 Page
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN LOSS AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR YEARS ENDED
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
2025 Notes 2024
LABA TAHUN BERJALAN
YANG DAPAT DIATRIBUSIKAN PROFIT FOR THE YEAR
KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 2.248.781 2.007.947 Owners of the parent
Kepentingan nonpengendali - - Non-controlling interests
2.248.781 2.007.947
JUMLAH PENGHASILAN
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN YANG DAPAT INCOME FOR THE YEAR
DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 2.248.262 2.020.344 Owners of the parent
Kepentingan nonpengendali - - Non-controlling interests
2.248.262 2.020.344
LABA PER SAHAM DASAR BASIC AND DILUTED
DAN DILUSIAN EARNINGS PER SHARE
(dalam Rupiah penuh) 674,50 16 591,49 (in full Rupiah)
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated
terpisahkan dari laporan keuangan konsolidasian. financial statements.
Page 431
PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 6 Page
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR YEARS ENDED
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah) (Expressed in millions of Rupiah)
Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/Equity attributable to the owners of the parent entity
Saldo laba/Retained earnings
Tambahan Saham
modal disetor/ tresuri/ Belum
Catatan/ Modal saham/ Additional Treasury Dicadangkan/ dicadangkan/ Jumlah ekuitas/
Notes Capital stock paid-in capital shares Appropriated Unappropriated Total equity
_______________ _______________________ ___________________________ _______________________ _______________________ ______________________________ _____________________________
Saldo tanggal 1 Januari 2024 1.840.616 2.698.863 (2.742.768 ) 400.000 18.772.800 20.969.511 Balance as of 1 January 2024
Laba tahun berjalan - - - - 2.007.947 2.007.947 Profit for the year
Keuntungan pengukuran kembali Remeasurement gain on
liabilitas imbalan kerja setelah employee benefit liabilities net of
pajak penghasilan terkait - - - - 12.397 12.397 related income tax
Pembagian dividen kas 18 - - - - (308.797) (308.797) Distribution of cash dividends
Pembelian saham tresuri 1b - - (566.708 ) - - (566.708) Purchase of treasury shares
_______________________ ___________________________ _______________________ _______________________ ______________________________ _____________________________
Saldo tanggal 31 Desember 2024 1.840.616 2.698.863 (3.309.476 ) 400.000 20.484.347 22.114.350 Balance as at 31 December 2024
_______________________ ___________________________ _______________________ _______________________ ______________________________ _____________________________
Laba tahun berjalan - - - - 2.248.781 2.248.781 Profit for the year
Kerugian pengukuran kembali Remeasurement loss on
liabilitas imbalan kerja setelah employee benefit liabilities net of
pajak penghasilan terkait - - - - (519) (519) related income tax
Pembagian dividen kas 18 - - - - (867.643) (867.643) Distribution of cash dividends
Pembatalan saham tresuri 1b (82.815) (1.855.538) 1.938.353 - - - Cancellation of treasury shares
Pembelian saham tresuri 1b - - (291.868) - - (291.868) Purchase of treasury shares
_______________________ ___________________________ _______________________ _______________________ ______________________________ _____________________________
Saldo tanggal 31 Desember 2025 1.757.801 843.325 (1.662.991 ) 400.000 21.864.966 23.203.101 Balance as at 31 December 2025
_______________________ ___________________________ _______________________ _______________________ ______________________________ _____________________________
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan The accompanying notes form an integral part of these consolidated financial statements.
konsolidasian.
Page 432
PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 7 Page
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR YEARS ENDED
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah) (Expressed in millions of Rupiah)
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan dari pelanggan 19.764.564 20.447.543 Collections from customers
Pembayaran kepada pemasok,
kontraktor, karyawan, dan Payments to suppliers, contractors,
lain-lain (15.754.358) (16.862.294) employees and others
Penerimaan dari pendapatan
keuangan 166.830 101.309 Receipts of finance income
Pembayaran pajak penghasilan Payments of corporate income
badan (373.802) (335.351) taxes
Penerimaan restitusi pajak 4.912 - Refunds from tax restitution
Arus kas bersih diperoleh dari Net cash flows provided from
aktivitas operasi 3.808.146 3.351.207 operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penerimaan dari pelepasan Proceed from disposal of
entitas anak 455.040 20 - a subsidiary
Penerimaan dividen kas 8.119 154.673 Cash dividends received
Penerimaan dari pelepasan Proceeds from disposal of
aset tetap 3.804 7 4.835 fixed assets
Penerimaan dari pelepasan Proceeds from disposal of
properti investasi 3.700 - investment property
Pembayaran perolehan dan Payment for purchase and advance
uang muka perolehan aset tetap (1.001.430) (593.071) for purchase fixed assets
Pembayaran untuk investasi Payment for investment in
entitas asosiasi (55.750) (27.000) associates
Penempatan pada kas yang
dibatasi penggunaannya (11.160) (3.154) Placement of restricted cash
Pembayaran perolehan Payment for purchase of
aset takberwujud (10.279) (3.533) intangible assets
Arus kas bersih digunakan untuk Net cash flows used in
aktivitas investasi (607.956) (467.250) investing activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penerimaan dari utang bank 1.000.000 12 2.000.000 Receipt from bank loan
Pembayaran utang bank (1.000.000) 12 (2.000.000) Payment of bank loan
Pembayaran dividen kas (867.318) 18 (308.428) Payments of cash dividends
Pembayaran liabilitas sewa (494.303) (538.610) Payments of lease liabilities
Pembayaran untuk akuisisi Payments for acquisition of
saham tresuri (297.802) (560.774) treasury shares
Pembayaran beban bunga dan Payments of interest expense
beban keuangan lainnya (172.576) (179.862) and other financial charges
Arus kas bersih digunakan untuk Net cash flows used in
aktivitas pendanaan (1.831.999) (1.587.674) financing activities
NET INCREASE
KENAIKAN BERSIH IN CASH AND
KAS DAN SETARA KAS 1.368.191 1.296.283 CASH EQUIVALENTS
PENGARUH BERSIH NET EFFECT OF EXCHANGE
PERUBAHAN KURS PADA RATE CHANGES ON CASH
KAS DAN SETARA KAS 8.010 14.891 AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 4.496.547 4 3.185.373 AT BEGINNING OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 5.872.748 4 4.496.547 AT END OF YEAR
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated
terpisahkan dari laporan keuangan konsolidasian. financial statements.
Page 433
.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 8 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian Perusahaan a. Establishment of the Company
PT Indocement Tunggal Prakarsa Tbk PT Indocement Tunggal Prakarsa Tbk
(“Perusahaan”) didirikan di Indonesia pada (the “Company”) was incorporated in Indonesia
tanggal 16 Januari 1985 berdasarkan akta on 16 January 1985 based on notarial
No. 227 dari Ridwan Suselo, S.H. Akta deed No. 227 of Ridwan Suselo, S.H. Its
pendirian tersebut disahkan oleh Menteri deed of incorporation was approved by
Kehakiman Republik Indonesia dalam the Ministry of Justice in its Decision
Surat Keputusan No. C2-2876HT.01.01.Th.85 Letter No. C2-2876HT.01.01.Th.85 dated
tanggal 17 Mei 1985, dan diumumkan dalam 17 May 1985 and was published in Supplement
Berita Negara Republik Indonesia No. 57, No. 946 of State Gazette No. 57 dated 16 July
Tambahan No. 946 tanggal 16 Juli 1985. 1985. The Company’s Articles of Association
Anggaran Dasar Perusahaan telah beberapa have been amended from time to time, the
kali mengalami perubahan, perubahan terakhir latest amendment of which was covered by
dengan akta No. 09 tanggal 21 Mei 2025 dari notarial deed No. 09 dated 21 May 2025 of Deni
Notaris Deni Thanur, S.E., S.H., M.Kn. terkait Thanur, S.E., S.H., M.Kn. related to reduction of
pengurangan modal ditempatkan dan modal issued and fully paid shares. Such amendment
disetor. Perubahan ini telah memperoleh has obtained approval from the Minister of
persetujuan dari Menteri Hukum Republik Law and Human Rights of the Republic of
Indonesia dengan surat Keputusan No. AHU- Indonesia by its Decree No. AHU-
0047927.AH.01.02.TAHUN 2025 tanggal 0047927.AH.01.02.TAHUN 2025 dated
22 Juli 2025. 22 July 2025.
Perusahaan memulai operasi komersialnya The Company started its commercial
pada tahun 1985. operations in 1985.
Sesuai dengan Pasal 3 Anggaran Dasar As stated in Article 3 of the Company’s Articles
Perusahaan, ruang lingkup kegiatan of Association, the scope of its activities
Perusahaan, antara lain pabrikasi semen dan comprises, among others, cement and building
bahan-bahan bangunan, pertambangan, materials manufacturing, mining, construction,
konstruksi, perdagangan, angkutan darat dan trading, land and sea transportation, electric
laut, pembangkitan tenaga listrik, pengelolaan power generating, water and waste
dan pengolahan air dan limbah, termasuk jasa management and processing, including
yang mendukung aktivitas Perusahaan. Saat services to support the Company’s activities.
ini, Perusahaan dan Entitas Anaknya Currently, the Company and its Subsidiaries
(selanjutnya disebut “Kelompok Usaha”) (collectively referred to hereinafter as “the
bergerak dalam beberapa bidang usaha yang Group”) are involved in several businesses
meliputi pabrikasi dan penjualan semen consisting of the manufacture and sale of
(sebagai usaha inti) dan beton siap pakai, serta cement (as core business) and ready-mix
tambang agregat. concrete, and aggregates quarrying.
Kantor pusat Perusahaan berlokasi di Wisma The Company’s head office is located at Wisma
Indocement Lantai 13, Jl. Jend. Sudirman Indocement 13th Floor, Jl. Jend. Sudirman
Kav. 70-71, Jakarta. Pabriknya berlokasi di Kav. 70-71, Jakarta. Its factories are located in
Citeureup - Jawa Barat, Palimanan - Jawa Citeureup - West Java, Palimanan - West Java,
Barat, dan Tarjun - Kalimantan Selatan. and Tarjun - South Kalimantan.
Page 434
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 9 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Perusahaan (lanjutan) a. Establishment of the Company (continued)
Entitas induk langsung dan utama Perusahaan The Company’s immediate and ultimate parent
adalah Heidelberg Materials AG, entitas usaha is Heidelberg Materials AG, a company
yang didirikan dan berdomisili di Jerman. incorporated and domiciled in Germany.
Usaha semen mencakup operasi dari tiga belas The cement business covers the operations of
pabrik Perusahaan dan satu pabrik Entitas the Company’s thirteen plants and one
Anak yang berlokasi di empat lokasi berbeda, Subsidiary’s plant located in four different sites:
yaitu: sepuluh pabrik semen terpadu di ten at the Citeureup - Bogor site, two at the
Citeureup - Bogor, dua pabrik semen terpadu di Palimanan - Cirebon site, one at the Tarjun -
Palimanan - Cirebon, satu pabrik semen South Kalimantan site and one at the
terpadu di Tarjun - Kalimantan Selatan dan satu Grobogan - Semarang. The manufacture of
pabrik semen terpadu di Grobogan - Semarang. ready-mix concrete, cement distribution, and
Usaha pabrikasi beton siap pakai, distribusi aggregates quarrying comprise the operations
semen, dan tambang agregat meliputi sebagian of most of the Company’s Subsidiaries.
besar operasi Entitas Anak.
b. Penawaran Umum Efek Perusahaan b. The Company’s Public Offering
Tahun/
Aksi korporasi Corporate actions
Year
Para pemegang saham menyetujui, antara lain, 1989 The shareholders approved, among others, the initial
penawaran umum saham Perusahaan kepada publik offering of 59,888,100 Company shares to the public.
sebesar 59.888.100 saham. Setelah penawaran After the public offering, the total number of issued
umum, jumlah seluruh saham yang telah dikeluarkan shares of the Company became 598,881,000 shares.
oleh Perusahaan menjadi sebesar 598.881.000
saham.
Para pemegang saham menyetujui penerbitan 1991 The shareholders approved the issuance of
obligasi konversi dengan jumlah nilai nominal convertible bonds with a total nominal value of USD75
sebesar USD75 juta. million.
Perusahaan menerbitkan dan mencatatkan Obligasi The Company issued and listed USD75 million worth
Konversi Euro (Obligasi Euro) senilai USD75 juta of 6.75% Euro Convertible Bonds (the “Euro Bonds”)
dengan tingkat bunga 6,75% per tahun di Bursa Efek in the Luxembourg Stock Exchange at 100% issue
Luxembourg dengan harga perdana 100%, yang price, with an original maturity in 2001. The Euro
jatuh tempo pada tahun 2001. Obligasi Euro tersebut Bonds were convertible into common shares starting
dapat dikonversikan ke saham biasa mulai 1 Agustus 1 August 1991 up to 20 May 2001 at the option of the
1991 sampai dengan 20 Mei 2001 sesuai dengan bondholders at the initial conversion price of
opsi pemegang obligasi dengan harga konversi Rp14,450 (in full amount) per share, with a fixed rate
perdana sebesar Rp14.450 (dalam jumlah penuh) per of exchange upon conversion of USD1 to Rp1,946 (in
saham berdasarkan nilai tukar tetap untuk konversi full amount).
tersebut yaitu sebesar Rp1.946 (dalam jumlah penuh)
untuk USD1.
Perusahaan mengeluarkan 8.555.640 saham atas 1994 The Company issued 8,555,640 shares on the partial
pengkonversian sebagian dari Obligasi Euro dengan conversion of the Euro Bonds worth USD35,140,000.
nilai pokok sebesar USD35.140.000. Oleh Accordingly, the Company transferred and
karenanya, Perusahaan memindahkan dan reclassified the corresponding portion of the related
mereklasifikasikan sebagian utang obligasi sejumlah bonds payable amounting to Rp8,556 to capital stock
Rp8.556 ke dalam modal saham dan Rp67.320 ke and Rp67,320 to additional paid-in capital. The
agio saham. Sisa Obligasi Euro sebesar remaining balance of the Euro Bonds with total
USD39.860.000 telah dilunasi seluruhnya pada tahun nominal value of USD39,860,000 was fully redeemed
1994. and settled in 1994.
Page 435
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 10 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran Umum Efek Perusahaan b. The Company’s Public Offering (continued)
(lanjutan)
Tahun/
Aksi korporasi Corporate actions
Year
Para pemegang saham menyetujui peningkatan 1994 The shareholders approved the increase in the
modal dasar Perusahaan dari Rp750.000 menjadi Company’s authorised capital stock from Rp750,000
Rp2.000.000, dan penerbitan saham bonus kepada to Rp2,000,000, and the issuance of bonus share for
pemegang saham pada tanggal 23 Agustus 1994 the shareholders as of 23 August 1994 with a total of
dengan jumlah keseluruhan sebanyak 599.790.020 599,790,020 bonus shares.
saham bonus.
Para pemegang saham menyetujui untuk melakukan 1996 The shareholders split the par value of the Company’s
pemecahan atas nilai nominal saham Perusahaan shares from Rp1,000 (in full amount) per share to
dari Rp1.000 (dalam jumlah penuh) per saham Rp500 (in full amount) per share. Accordingly, the
menjadi Rp500 (dalam jumlah penuh) per saham. number of issued and fully paid capital stock was also
Sehubungan dengan hal tersebut, jumlah saham increased from 1,207,226,660 shares to
yang diterbitkan dan ditempatkan penuh meningkat 2,414,453,320 shares.
dari 1.207.226.660 saham menjadi 2.414.453.320
saham.
Para pemegang saham menyetujui peningkatan 2000 The shareholders approved the increase in the
modal dasar Perusahaan dari Rp2.000.000 yang Company’s authorised capital stock from
terbagi dari 4 miliar saham dengan nilai nominal Rp2,000,000 divided into 4 billion shares with par
Rp500 (dalam jumlah penuh) per saham menjadi value of Rp500 (in full amount) per share to
Rp4.000.000 yang terbagi dari 8 miliar saham dengan Rp4,000,000 divided into 8 billion shares with the
nilai nominal yang sama. same par value.
Perusahaan menerbitkan 69.863.127 saham biasa The Company issued 69,863,127 shares to Marubeni
kepada Marubeni Corporation sebagai hasil dari Corporation as a result of the conversion into equity
konversi piutangnya kepada Perusahaan menjadi of the latter’s receivable from the Company (debt-to-
ekuitas Perusahaan (debt-to-equity swap). equity swap).
Para pemegang saham menyetujui penawaran hak 2001 The shareholders approved the rights issue offering
memesan efek terlebih dahulu (HMETD) untuk with pre-emptive rights to purchase new shares at
membeli saham baru dengan harga pelaksanaan Rp1,200 (in full amount) per share. The total number
sebesar Rp1.200 (dalam jumlah penuh) per saham. of shares allocated for the rights issue was
Jumlah saham yang akan diterbitkan dalam 1,895,752,069 shares with an option to receive
penawaran HMETD adalah sebanyak 1.895.752.069 Warrants C if the shareholders did not exercise their
saham dengan opsi untuk menerima Waran C bagi rights, under certain terms and conditions.
pemegang saham yang tidak melaksanakan HMETD-
nya sesuai dengan syarat dan kondisi tertentu.
Jumlah saham-saham yang diterbitkan untuk The total number of shares issued for the rights
pelaksanaan HMETD adalah sebagai berikut: exercised were as follows:
• 1.196.874.999 saham kepada Kimmeridge • 1,196,874,999 shares to Kimmeridge Enterprise
Enterprise Pte. Ltd. (Kimmeridge), entitas anak Pte. Ltd. (Kimmeridge), a subsidiary of
dari HeidelbergCement AG (dahulu Heidelberger HeidelbergCement AG (formerly Heidelberger
Zement AG (HZ)) (HC), pada tanggal 26 April Zement AG (HZ)) (HC), on 26 April 2001,
2001, melalui konversi utang sebesar through the conversion of USD149,886,295 debt;
USD149.886.295; dan, and,
• 32.073 saham kepada pemegang saham publik. • 32,073 shares to public shareholders.
Jumlah saham yang diterbitkan atas pelaksanaan The number of shares issued for the exercise of
Waran C adalah 8.180 saham. Warrants C totaled 8,180 shares.
Page 436
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 11 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran Umum Efek Perusahaan b. The Company’s Public Offering (continued)
(lanjutan)
Tahun/
Aksi korporasi Corporate actions
Year
Perusahaan membeli kembali 131.420.600 saham 2021 The Company repurchased 131,420,600 of its own
biasanya melalui pembelian di BEI pada bulan ordinary shares through purchases on the IDX in
Desember 2021. Transaksi pembelian kembali ini December 2021. This repurchase transaction is
dimaksudkan untuk memberikan tingkat intended to provide a good rate of return for
pengembalian yang baik bagi pemegang saham dan shareholders and the share price can reflect the
harga saham dapat mencerminkan kondisi actual fundamental conditions of the Company. The
fundamental Perusahaan yang sebenarnya. Jumlah total amount paid to acquire the shares was
yang dibayarkan untuk mengakuisisi saham tersebut Rp1,587,663. The shares are recorded as “treasury
adalah sebesar Rp1.587.663. Saham tersebut dicatat shares”.The Company has the right to re-issue these
sebagai “saham tresuri”. Perusahaan berhak untuk shares at a later date.
menerbitkan kembali saham tersebut di kemudian
hari.
Perusahaan membeli kembali 118.737.700 saham 2022 The Company repurchased 118,737,700 of its own
biasanya dengan jumlah pembayaran sebesar ordinary shares with a total amount paid amounted to
Rp1.155.105 melalui pembelian di BEI pada tahun Rp1,155,105 through purchases on the IDX in 2022.
2022. Sehingga jumlah pembelian kembali yang Therefore, the total of repurchase done by the
dilakukan oleh Perusahaan adalah sebanyak Company was 250,158,300 shares or amounted to
250.158.300 saham atau sebesar Rp2.742.768. Rp2,742,768. The shares are recorded as “treasury
Saham tersebut dicatat sebagai “saham tresuri”. shares”.The Company has the right to re-issue these
Perusahaan berhak untuk menerbitkan kembali shares at a later date.
saham tersebut di kemudian hari.
Perusahaan membeli kembali 81.099.500 saham 2024 The Company repurchased 81,099,500 of its own
biasanya dengan jumlah pembayaran sebesar ordinary shares with a total amount paid amounted to
Rp566.708 melalui pembelian di BEI pada tahun Rp566,708 through purchases on the IDX in 2024.
2024. Sehingga jumlah pembelian kembali yang Therefore, the total of repurchase done by the
dilakukan oleh Perusahaan adalah sebanyak Company was 331,257,800 shares or amounted to
331.257.800 saham atau sebesar Rp3.309.476. Rp3,309,476. The shares are recorded as “treasury
Saham tersebut dicatat sebagai “saham tresuri”. shares”.The Company has the right to re-issue these
Perusahaan berhak untuk menerbitkan kembali shares at a later date.
saham tersebut di kemudian hari.
Page 437
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 12 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran Umum Efek Perusahaan b. The Company’s Public Offering (continued)
(lanjutan)
Tahun/
Aksi korporasi Corporate actions
Year
Berdasarkan Rapat Umum Pemegang Saham Luar 2025 Based on the Extraordinary General Meeting of
Biasa yang diselenggarakan pada tanggal 21 Mei Shareholders held on 21 May 2025, as notarized in
2025, yang diaktakan dengan Akta Notaris Deni Notarial Deed of Deni Thanur, S.E., S.H., M.Kn.,
Thanur, S.E., S.H., M.Kn., No. 09, para pemegang No. 09, the shareholders approved the cancellation of
saham menyetujui pembatalan sebanyak 165,628,900 treasury shares with a par value of
165.628.900 lembar saham tresuri dengan nilai Rp500 per share. This capital reduction has obtained
nominal Rp500 per saham. Pengurangan modal approval from the Minister of Law and Human Rights
tersebut telah memperoleh persetujuan Menteri of the Republic of Indonesia in decision letter No.
Hukum dan Hak Asasi Manusia Republik Indonesia AHU-0047927.AH.01.02. TAHUN 2025 dated 22 July
dalam Surat Keputusan No. AHU-0047927.AH.01.02. 2025.
TAHUN 2025 tanggal 22 Juli 2025.
Sehubungan dengan aksi korporasi tersebut, modal In connection with this corporate action, the
ditempatkan dan disetor penuh Perseroan yang Company’s issued and fully paid capital decreased
semula sebesar Rp1.840.616 (terdiri atas from Rp1,840,616 (comprising 3,681,231,699
3.681.231.699 saham) menjadi sebesar Rp1.757.801 shares) to Rp1,757,801 (comprising 3,515,602,799
(terdiri atas 3.515.602.799 saham). shares).
Selisih antara biaya perolehan saham tresuri dan nilai The difference between the cost of the treasury
nominal sebesar Rp1.855.538 diakui langsung pada shares and their par value, amounting to
ekuitas dan dicatat pada “tambahan modal disetor”. Rp1,855,538, was recognised directly in equity and
recorded within “additional paid-in capital.”
Selama tahun 2025, Perusahaan membeli kembali During 2025, the Company repurchased 44,863,500
44.863.500 saham biasanya dengan jumlah of its own ordinary shares with a total amount paid
pembayaran sebesar Rp291.868 melalui pembelian amounted to Rp291,868 through purchases on the
di BEI. IDX.
Dengan demikian, jumlah saham tresuri Perusahaan Accordingly, the Company held 210,492,400 treasury
berjumlah 210.492.400 saham atau sebesar shares or amounted to Rp1,662,991. The shares are
Rp1.662.991. Saham tersebut dicatat sebagai recorded as “treasury shares”.The Company has the
“saham tresuri”. Perusahaan berhak untuk right to re-issue these shares at a later date.
menerbitkan kembali saham tersebut di kemudian
hari.
Seluruh saham Perusahaan dicatat di Bursa The Company’s shares are listed in the
Efek Indonesia. Indonesia Stock Exchange.
Page 438
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 13 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Struktur Perusahaan dan Entitas Anak c. The Company and Subsidiaries’ structure
Laporan keuangan konsolidasian mencakup The consolidated financial statements include
akun-akun Perusahaan dan entitas berikut ini, the accounts of the Company and the following
dimana Perusahaan mempunyai pengendalian: entities, over which the Company has control:
Persentase kepemilikan efektif (%)/ Jumlah aset sebelum eliminasi/
Percentage of effective ownership (%) Total assets before elimination
31 Desember 2025/ 31 Desember 2024/ 31 Desember 2025/ 31 Desember 2024/
Entitas Anak/Subsidiaries 31 December 2025 31 December 2024 31 December 2025 31 December 2024
Kepemilikan langsung/Direct ownership
PT Semen Grobogan (SGB) 99,99 99,99 6.290.196 6.095.230
PT Dian Abadi Perkasa (DAP) 99,96 99,96 2.884.443 2.696.927
PT Indomix Perkasa (Indomix) 99,99 99,99 533.955 534.242
PT Sari Bhakti Sejati (SBS) 99,99 99,99 21.851 18.332
PT Lentera Abadi Sejahtera (LAS) 99,99 99,99 92 90
PT Makmur Abadi Perkasa Mandiri (MAPM) 99,99 99,99 43 93
Kepemilikan tidak langsung/Indirect ownership
PT Pionirbeton Industri (PBI) 99,99 99,99 1.467.115 1.007.256
PT Mandiri Sejahtera Sentra (MSS) 99,99 99,99 749.045 739.464
PT Tarabatuh Manunggal (TBM) 99,99 99,99 609.307 554.043
PT Bahana Indonor (BI) 99,99 99,99 372.171 395.730
PT Cipta Armada Bersama (CAB) 99,99 99,99 137.597 127.408
PT Multi Bangun Galaxy (MBG) 99,99 99,99 96.331 199.977
PT Lintas Bahana Abadi (LBA) 99,99 99,99 75.765 68.267
PT Mineral Industri Sukabumi (MISI) 99,99 99,99 68.417 67.852
PT Sahabat Muliasakti (SMS) 99,99 99,99 39.648 39.681
PT Semesta Perkasa Cipta (SPC) 99,99 99,99 32.415 32.386
PT Bhakti Sari Perkasa Abadi (BSPA) 99,99 99,99 30.246 27.520
PT Tigaroda Rumah Sejahtera (TRUS) 99,99 99,99 10.756 25.678
PT Tiro Abadi Perkasa (TAP) 99,99 99,99 8.000 500
PT Makmur Lestari Abadi (MLA) 99,99 99,99 7.813 4.314
PT Makmur Lestari Indonesia (MLI) 99,99 99,99 6.942 6.944
PT Kencana Terang Sejahtera (KTS) 99,99 99,99 2.578 2.285
PT Sinar Sakti Agung (SSA) 99,99 99,99 1.784 1.816
PT Makmur Lestari Sentosa (MLS) 99,99 99,99 589 589
PT Terang Prakarsa Cipta (TPC) 99,99 99,99 484 474
Page 439
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 14 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Struktur Perusahaan dan Entitas Anak c. The Company and Subsidiaries’ structure
(lanjutan) (continued)
Tahun pendirian/
operasional
komersial/Year of
incorporation/
Kegiatan pokok/ Negara domisili/ start of commercial
Entitas Anak/Subsidiaries Principal activity Country of domicile operations
Kepemilikan langsung/Direct ownership
SGB Pabrikasi semen/ Indonesia 1992/2022
Cement manufacturing
DAP Distributor semen/ Indonesia 1998/1999
Cement distribution
Indomix Pabrikasi beton siap pakai/ Indonesia 1992/1992
Ready-mix concrete
manufacturing
SBS Perusahaan investasi/ Indonesia 1998/-1)
Investment company
LAS Perusahaan investasi/ Indonesia 1998/-1)
Investment company
MAPM Perusahaan investasi/ Indonesia 1998/-1)
Investment company
Kepemilikan tidak langsung/Indirect ownership
PBI Pabrikasi beton siap pakai/ Indonesia 1996/1996
Ready-mix concrete
manufacturing
MSS Tambang agregat/ Indonesia 1998/2008
Aggregates quarrying
TBM Tambang agregat/ Indonesia 1999/2014
Aggregates quarrying
BI Pelayaran/Shipping Indonesia 1990/1990
CAB Pelayaran/Shipping Indonesia 2019/2021
MBG Pengelolaan pelabuhan/ Indonesia 1999/2022
Port management
LBA Pelayaran/Shipping Indonesia 2014/2014
MISI Tambang tras/ Indonesia 2008/2009
Trass quarrying
SMS - Indonesia 1996/-1)
SPC - Indonesia 2016/-1)
BSPA Jasa penyediaan tenaga Indonesia 1998/2012
kerja/Outsourcing services
TRUS Konstruksi/ Indonesia 2017/2020
Construction
TAP Perdagangan/ Indonesia 2016/2018
Trading
MLA - Indonesia 2014/-1)
MLI - Indonesia 2014/-1)
KTS - Indonesia 2015/-1)
SSA - Indonesia 2016/-1)
MLS - Indonesia 2015/-1)
TPC - Indonesia 2011/-1)
1) belum beroperasi. 1) not yet in operations.
Page 440
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 15 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Struktur Perusahaan dan Entitas Anak c. The Company and Subsidiaries’ structure
(lanjutan) (continued)
Pada bulan November 2025, Kelompok Usaha In November 2025, the Group, through PBI,
melalui PBI mendirikan entitas anak, PT Mortar established a subsidiary, PT Mortar Prakarsa
Prakarsa Utama (“MPU”), dengan kepemilikan Utama (“MPU”), with an effective ownership
efektif sebesar 100%. interest of 100%.
d. Dewan Komisaris dan Direksi, Komite Audit d. Boards of Commissioners and Directors,
dan Karyawan Audit Committee and Employees
Susunan Dewan Komisaris dan Direksi The composition of the Company’s Boards
Perusahaan pada tanggal 31 Desember 2025 of Commissioners and Directors as of
dan 2024 adalah sebagai berikut: 31 December 2025 and 2024 were as follows:
31 Desember/December 2025
Dewan Komisaris Board of Commissioners
Komisaris Utama Roberto Callieri President Commissioner
Wakil Komisaris Utama/ Vice President Commissioner/
Komisaris Independen Tedy Djuhar Independent Commissioner
Wakil Komisaris Utama/ Vice President Commissioner/
Komisaris Independen Simon Subrata Independent Commissioner
Komisaris Independen Franciscus Welirang Independent Commissioner
Komisaris Juan Fransisco Defalque Commissioner
Komisaris René Samir Aldach Commissioner
Komisaris H Suharso Monoarfa Commissioner
Dewan Direksi Board of Directors
Direktur Utama Christian Kartawijaya President Director
Wakil Direktur Utama Benny Setiawan Santoso Vice President Director
Direktur Hasan Imer Director
Direktur Troy Dartojo Soputro Director
Direktur Oey Marcos Director
Direktur Holger Mørch Director
Direktur Sunnira Ly Director
31 Desember/December 2024
Dewan Komisaris Board of Commissioners
Komisaris Utama Roberto Callieri President Commissioner
Wakil Komisaris Utama/ Vice President Commissioner/
Komisaris Independen Tedy Djuhar Independent Commissioner
Wakil Komisaris Utama/ Vice President Commissioner/
Komisaris Independen Simon Subrata Independent Commissioner
Komisaris Independen Franciscus Welirang Independent Commissioner
Komisaris Juan Fransisco Defalque Commissioner
Komisaris René Samir Aldach Commissioner
Komisaris Kevin Gerard Gluskie Commissioner
Dewan Direksi Board of Directors
Direktur Utama Christian Kartawijaya President Director
Wakil Direktur Utama Benny Setiawan Santoso Vice President Director
Direktur Hasan Imer Director
Direktur Troy Dartojo Soputro Director
Direktur Oey Marcos Director
Direktur Holger Mørch Director
Direktur Sunnira Ly Director
Page 441
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 16 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Dewan Komisaris dan Direksi, Komite Audit d. Boards of Commissioners and Directors,
dan Karyawan (lanjutan) Audit Committee and Employees (continued)
Susunan Komite Audit Perusahaan pada The composition of the Company’s Audit
tanggal 31 Desember 2025 dan 2024 adalah Committee as of 31 December 2025 and 2024
sebagai berikut: were as follows:
31 Desember/December 2025
Ketua Simon Subrata Chairman
Anggota David Sungkoro Member
Anggota Lindawati Gani Member
31 Desember/December 2024
Ketua Simon Subrata Chairman
Anggota Ancella Anitawati Hermawan Member
Anggota Ludovicus Sensi Wondabio Member
Manajemen kunci adalah Komisaris dan Direksi Key management represents the Company’s
Perusahaan. Commissioners and Directors.
Kelompok Usaha masing-masing memiliki The Group had a total of 4,145 and 4,539
4.145 dan 4.539 karyawan tetap pada tanggal permanent employees as of 31 December 2025
31 Desember 2025 dan 2024 (tidak diaudit). and 2024, respectively (unaudited).
Manajemen bertanggung jawab atas Management is responsible for the preparation
penyusunan dan penyajian laporan keuangan and presentation of the consolidated financial
konsolidasian yang diselesaikan dan diotorisasi statements that were completed and authorised
untuk terbit pada tanggal 31 Maret 2026. for issuance on 31 March 2026.
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL INFORMATION
a. Dasar penyajian laporan keuangan a. Basis of presentation of the consolidated
konsolidasian financial statements
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 (“SAK”), yang with Indonesian Financial Accounting Standards
mencakup Pernyataan Standar Akuntansi (“SAK”), which comprise the Statements of
Keuangan (“PSAK”) dan Interpretasi Standar Financial Accounting Standards (“PSAK”) and
Akuntansi Keuangan (“ISAK”) yang dikeluarkan Interpretations to Financial Accounting
oleh Dewan Standar Akuntansi Keuangan Standards (“ISAK”) issued by the Financial
(“DSAK”) Ikatan Akuntan Indonesia dan Accounting Standards Board (“DSAK”) of the
peraturan yang terkait dengan penyajian dan Indonesian Institute of Accountants and the
pengungkapan laporan keuangan yang regulations relating to financial statements
dikeluarkan oleh Otoritas Jasa Keuangan presentation and disclosures issued by the
(“OJK”). Otoritas Jasa Keuangan (“OJK”).
Laporan keuangan konsolidasian, kecuali The consolidated financial statements, except
laporan arus kas konsolidasian, disusun for the consolidated statement of cash flows,
dengan konsep harga perolehan dan basis have been prepared on the historical cost
akrual, kecuali disebutkan lain dalam catatan concept and accrual basis, except as otherwise
atas laporan keuangan konsolidasian yang disclosed in the relevant notes herein.
relevan.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 17 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
a. Dasar penyajian laporan keuangan a. Basis of presentation of the consolidated
konsolidasian (lanjutan) financial statements (continued)
Laporan arus kas konsolidasian yang disusun The consolidated statement of cash flows, which
dengan menggunakan metode langsung, has been prepared using the direct method,
menyajikan penerimaan dan pengeluaran kas presents receipts and disbursements of cash
dan setara kas yang diklasifikasikan ke dalam and cash equivalents classified into operating,
aktivitas operasi, investasi dan pendanaan. investing and financing activities.
Mata uang penyajian yang digunakan dalam The presentation currency used in the
penyusunan laporan keuangan konsolidasian preparation of the consolidated financial
adalah Rupiah, yang juga merupakan mata uang statements is the Indonesian Rupiah, which is
fungsional Perusahaan. Setiap entitas di dalam also the Company’s functional currency. Each
Kelompok Usaha menetapkan mata uang entity in the Group determines its own
fungsional sendiri dan transaksi-transaksi di functional currency and items included in the
dalam laporan keuangan dari setiap entitas financial statements of each entity are
diukur berdasarkan mata uang fungsional measured using that functional currency.
tersebut.
Penyusunan laporan keuangan konsolidasian The preparation of the consolidated financial
yang disusun berdasarkan Standar Akuntansi statements in conformity with Indonesian
Keuangan Indonesia memerlukan penggunaan Financial Accounting Standards requires the
estimasi akuntansi tertentu dan asumsi-asumsi. use of certain critical accounting estimates and
Hal ini juga mengharuskan manajemen untuk assumptions. It also requires management to
melakukan pertimbangan dalam proses exercise its judgement in the process of
penerapan kebijakan akuntansi di dalam applying the Group’s accounting policies. The
Kelompok Usaha. Area yang kompleks atau areas involving a higher degree of judgment or
memerlukan tingkat pertimbangan yang lebih complexity, or areas where judgements and
tinggi, atau area dimana asumsi dan estimasi estimates are material to the consolidated
dapat berdampak material terhadap laporan financial statements are disclosed in Note 3.
keuangan konsolidasian diungkapkan dalam
Catatan 3.
Perubahan pada Pernyataan Standar Changes to the Statements of Financial
Akuntansi Keuangan (“PSAK“) Accounting Standards (“PSAK”)
Penerapan dari amendemen standar berikut, The adoption of the amended standard, which
yang relevan bagi Kelompok Usaha dan are relevant to the Group and effective
berlaku efektif mulai 1 Januari 2025, tidak beginning on 1 January 2025, did not result in
menimbulkan perubahan substansial terhadap substantial changes to the Group’s accounting
kebijakan akuntansi Kelompok Usaha dan policies and had no material effect on the
pengaruh material atas jumlah yang dilaporkan amounts reported for the current or prior
atas tahun berjalan atau tahun sebelumnya. financial years.
- Amendemen PSAK 221 “Pengaruh - Amendment to PSAK 221 “The Effects of
Perubahan Kurs Valuta Asing” Changes in Foreign Exchange Rate”
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 18 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
a. Dasar penyajian laporan keuangan a. Basis of presentation of the consolidated
konsolidasian (lanjutan) financial statements (continued)
Perubahan pada Pernyataan Standar Changes to the Statements of Financial
Akuntansi Keuangan (“PSAK“) (lanjutan) Accounting Standards (“PSAK”) (continued)
Standar baru dan amandemen berikut yang The following new and amended standards
relevan untuk Grup akan efektif untuk tahun which are relevant to the Group will be
buku yang dimulai pada: effective for the financial year beginning:
1 Januari 2026 1 January 2026
- Amendemen PSAK 107 dan PSAK 109 - Amendment of PSAK 107 and PSAK 109
“Pengungkapan tentang Klasifikasi dan “Classification and Measurement of
Pengukuran Instrumen Keuangan” Financial Instruments”
- Amandemen PSAK 107 dan PSAK 109 - Amendment of PSAK 107 and PSAK 109
“Kontrak yang Mengacu pada Listrik “Contracts Referencing Nature-dependent
Bergantung Alam” Electricity”
1 Januari 2027 1 January 2027
- PSAK 118 “Penyajian dan Pengungkapan - PSAK 118 “Presentation and Disclosure in
dalam Laporan Keuangan” Financial Statements”
Pada tanggal pengesahan laporan keuangan As at the authorisation date of the these
konsolidasian, Kelompok Usaha sedang consolidated financial statements, the Group is
mempertimbangkan implikasi dari penerapan assessing the implication of the above
standar-standar tersebut terhadap laporan standards to the Group’s consolidated financial
keuangan konsolidasian Kelompok Usaha. statements.
b. Prinsip-prinsip konsolidasi b. Principles of consolidation
Kelompok Usaha menerapkan metode akuisisi The Group applies the acquisition method to
untuk mencatat kombinasi bisnis. Imbalan yang account for business combination. The
dialihkan untuk akuisisi suatu entitas anak consideration transferred for the acquisition of a
adalah sebesar nilai wajar aset yang dialihkan, subsidiary is the fair value of the assets
liabilitas yang diakui terhadap pemilik pihak transferred, the liabilities incurred to the former
yang diakuisisi sebelumnya dan kepentingan owners of the acquiree and the equity interests
ekuitas yang diterbitkan oleh Kelompok Usaha, issued by the Group, if any. The excess of the
jika ada. Kelebihan jumlah imbalan yang aggregate of the consideration transferred, and
dialihkan, dan kepentingan nonpengendali yang any non-controlling interest in the acquiree over
diperoleh dari pihak yang diakuisisi atas jumlah the net identifiable assets acquired is recorded
aset bersih teridentifikasi dicatat sebagai as goodwill. Goodwill is carried at cost less
goodwill. Goodwill dicatat sebesar harga accumulated impairment losses, if any.
perolehan dikurangi dengan akumulasi
kerugian nilai, jika ada.
Jika jumlah imbalan yang dialihkan lebih rendah If this consideration is lower than fair value of
dari nilai wajar aset bersih teridentifikasi atas the identifiable net assets of the subsidiary
entitas anak yang diakuisisi, selisihnya diakui acquired, the difference is recognised directly
langsung sebagai keuntungan di laporan laba as gain in the consolidated statements of profit
rugi konsolidasian. Biaya yang terkait dengan or loss. Acquisition-related costs are expensed
akuisi dibebankan pada saat terjadinya. as incurred.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 19 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
b. Prinsip-prinsip konsolidasi b. Principles of consolidation
Kelompok Usaha mengakui kepentingan The Group recognises any non-controlling
nonpengendali pada pihak yang diakuisisi interest in the acquiree at the non-controlling
sebesar bagian proporsional kepentingan interest’s proportionate share of the acquiree’s
nonpengendali atas aset bersih pihak yang net assets.
diakuisisi.
Kelompok Usaha dapat memilih untuk The Group may elect to apply, or not apply
menerapkan, atau tidak menerapkan, pengujian optional concentration test as a simplified
konsentrasi opsional sebagai penilaian yang assessment of whether an acquired set of
disederhanakan, apakah serangkaian aktivitas activities and assets is not a business. The
dan aset yang diperoleh bukan bisnis. Group may make such an election separately
Kelompok Usaha dapat menentukan pilihan for each transaction or other event.
secara terpisah untuk setiap transaksi atau
peristiwa lainnya.
Entitas anak Subsidiaries
Laporan keuangan konsolidasian meliputi The consolidated financial statements of the
laporan keuangan Kelompok Usaha dimana Group include the accounts of the Company and
Perusahaan memiliki pengendalian. entities where the Company has control. Control
Pengendalian diperoleh ketika Kelompok is achieved when the Group is exposed, or has
Usaha terekspos, atau memiliki hak atas imbal rights, to variable returns from its involvement
hasil variabel dari keterlibatannya dengan with the investee and has the ability to affect
investee dan memiliki kemampuan untuk those returns through its power over the
mempengaruhi imbal hasil tersebut melalui investee.
kekuasaannya atas investee.
Dengan demikian, Kelompok Usaha Specifically, the Group controls an entity if and
mengendalikan entitas jika dan hanya jika only if the Group has:
Kelompok Usaha memiliki seluruh hal berikut:
• Kekuasaan atas investee; • Power over the investee;
• Eksposur atau hak atas imbal hasil variabel • Exposure, or rights, to variable returns from
dari keterlibatannya dengan investee; dan, its involvement with the investee; and,
• Kemampuan untuk menggunakan • The ability to use its power over the investee
kekuasaannya atas investee untuk to affect its returns.
mempengaruhi hasil usaha investee.
Saat Kelompok Usaha memiliki hak suara yang When the Group has less than a majority of the
kurang dari mayoritas atau setingkat atas voting or similar rights of an investee, the Group
investee, Kelompok Usaha mempertimbangkan considers all relevant facts and circumstances
seluruh fakta dan keadaan yang relevan dalam in assessing whether it has power over an
menilai pengendalian yang dimiliki terhadap investee, including:
investee meliputi hal berikut ini:
• Perjanjian kontraktual dengan pemilik suara • The contractual arrangement with the other
lain dari investee; vote holders of the investee;
• Hak yang timbul dari perjanjian kontraktual • Rights arising from other contractual
lainnya; dan, arrangements; and,
• Hak suara Kelompok Usaha dan hak suara • The Group’s voting rights and potential
potensial voting rights
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 20 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
b. Prinsip-prinsip konsolidasi (lanjutan) b. Principles of consolidation (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
Kelompok Usaha menilai kembali apakah The Group re-assesses whether or not it
Kelompok Usaha mengendalikan investee jika controls an investee if facts and circumstances
fakta dan keadaan mengindikasikan adanya indicate that there are changes to one or more
perubahan terhadap satu atau lebih dari tiga of the three elements of control. Investee are
elemen pengendalian. Investee dikonsolidasi consolidated from the date of acquisition or
sejak tanggal ketika Kelompok Usaha incorporation, being the date on which the
memperoleh pengendalian secara efektif dan Group obtains control, and continue to be
tidak dikonsolidasikan lagi sejak tanggal consolidated until the date such control ceases.
Kelompok Usaha kehilangan pengendalian.
Seluruh transaksi dan saldo akun antar entitas All material intercompany transactions and
yang material telah dieliminasi pada proses account balances have been eliminated in the
konsolidasi. consolidation process.
Rugi entitas anak diatribusikan pada Losses of a subsidiary are attributed to non-
kepentingan nonpengendali bahkan jika rugi controlling interests even if the losses cause a
tersebut mengakibatkan kepentingan deficit balance for the non-controlling interests.
nonpengendali mempunyai saldo defisit.
Perubahan dalam bagian kepemilikan Changes in the Company’s ownership interest
Perusahaan pada suatu entitas anak yang tidak in a subsidiary that do not result in a loss of
mengakibatkan hilangnya pengendalian dicatat control are accounted for as equity transactions.
sebagai transaksi ekuitas.
Ketika Kelompok Usaha tidak lagi When the Group ceases to consolidate or equity
mengkonsolidasikan atau mencatat account for an investment because of a loss of
menggunakan metode ekuitas untuk investasi control, joint control or significant influence, any
karena hilangnya pengendalian, pengendalian retained interest in the entity is remeasured to
bersama atau pengaruh signifikan, maka its fair value at the date when the control is lost,
kepentingan yang masih tersisa atas entitas with the change in carrying amount recognised
diukur kembali berdasarkan nilai wajarnya, dan in profit or loss. The fair value is the initial
perubahan nilai tercatat diakui dalam laporan carrying amount for the purposes of
laba rugi. Nilai tercatat awal adalah sebesar subsequently accounting for the retained
nilai wajar untuk kepentingan pengukuran interest as an associate, joint venture or
kembali kepentingan yang tersisa sebagai financial asset. In addition, any amounts
entitas asosiasi, ventura bersama atau aset previously recognised in other comprehensive
keuangan. Di samping itu, jumlah yang income in respect of that entity are accounted
sebelumnya diakui pada pendapatan for as if the Group had directly disposed of the
komprehensif lain sehubungan dengan entitas related assets or liabilities. This may mean that
tersebut dicatat seolah-olah Kelompok Usaha amounts previously recognised in other
telah melepas aset atau liabilitas terkait. Hal ini comprehensive income are reclassified to profit
dapat berarti bahwa jumlah yang sebelumnya or loss.
diakui pada pendapatan komprehensif lain
direklasifikasi ke laporan laba rugi.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 21 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
b. Prinsip-prinsip konsolidasi (lanjutan) b. Principles of consolidation (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
Jika kehilangan pengendalian atas suatu In case of loss of control over a subsidiary, the
entitas anak, maka Perusahaan: Company:
• menghentikan pengakuan aset (termasuk • derecognises the assets (including
setiap goodwill) dan liabilitas entitas anak; goodwill) and liabilities of the subsidiary;
• menghentikan pengakuan jumlah tercatat • derecognises the carrying amount of any
setiap kepentingan nonpengendali; non-controlling interests;
• menghentikan pengakuan akumulasi selisih • derecognises the cumulative translation
penjabaran, yang dicatat di ekuitas, bila differences, recorded in equity, if any;
ada;
• mengakui nilai wajar pembayaran yang • recognises the fair value of the
diterima; consideration received;
• mengakui investasi yang tersisa pada nilai • recognises the fair value of any investment
wajarnya; retained;
• mengakui setiap perbedaan yang dihasilkan • recognises any surplus or deficit in profit or
sebagai keuntungan atau kerugian dalam loss; and,
laba rugi; dan,
• mereklasifikasi bagian Perusahaan atas • reclassifies its share of components
komponen yang sebelumnya diakui sebagai previously recognised in other
penghasilan komprehensif lain ke laba rugi, comprehensive income to profit or loss or
atau mengalihkan secara langsung ke saldo retained earnings, as appropriate.
laba.
Kepentingan nonpengendali mencerminkan Non-controlling interests represent the portion
bagian atas laba atau rugi dan aset neto dari of the profit or loss and net assets of the
entitas anak yang tidak dapat diatribusikan subsidiaries attributable to equity interests that
secara langsung maupun tidak langsung oleh are not owned directly or indirectly by the
Perusahaan yang disajikan dalam laporan laba Company, which are presented in the
rugi dan penghasilan komprehensif lain consolidated statement of profit or loss and
konsolidasian, dan dalam ekuitas pada laporan other comprehensive income, and under the
posisi keuangan konsolidasian, terpisah dari equity section of the consolidated statement of
bagian yang dapat diatribusikan kepada pemilik financial position, respectively, separately from
Entitas Induk. the corresponding portion attributable to owners
of the Parent Company.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 22 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
b. Prinsip-prinsip konsolidasi (lanjutan) b. Principles of consolidation (continued)
Entitas asosiasi Associates
Investasi Kelompok Usaha pada entitas The Group’s investments in associates are
asosiasi diukur dengan menggunakan metode accounted for using the equity method. An
ekuitas. Entitas asosiasi adalah suatu entitas di associates is an entity in which the Group has
mana Kelompok Usaha mempunyai pengaruh significant influence. Under the equity method,
signifikan. Sesuai dengan metode ekuitas, nilai the cost of investment is increased or decreased
perolehan investasi ditambah atau dikurangi by the Group’s share in net earnings or losses
dengan bagian Kelompok Usaha atas laba atau of, and dividends received from, the associates
rugi neto, dan penerimaan dividen dari, entitas since the date of acquisition.
asosiasi sejak tanggal perolehan.
Pada saat perolehan investasi, setiap selisih On acquisition of the investment, any difference
antara biaya perolehan investasi dengan between the acquisition cost of the investment
bagian Kelompok Usaha atas nilai wajar neto and the Group’s share of the net fair value of the
aset dan liabilitas teridentifikasi dari investee investee’s identifiable assets and liabilities is
dicatat sebagai goodwill. Jika jumlah tersebut accounted for as goodwill. If those amounts are
kurang dari nilai wajar neto aset dan liabilitas less than the net fair value of the investee’s
teridentifikasi dari investee, selisihnya diakui identifiable assets and liabilities, the difference
secara langsung dalam laba rugi sebagai is recognised directly in profit or loss as income.
penghasilan. Goodwill yang terkait dengan Goodwill relating to an associate is included in
entitas asosiasi termasuk dalam jumlah tercatat the carrying amount of the investment. The
investasi. Goodwill tidak diamortisasi. goodwill is not amortised.
Laporan laba rugi dan penghasilan The consolidated statement of profit or loss and
komprehensif lain konsolidasian other comprehensive income reflects the share
mencerminkan bagian atas hasil operasi dari of the results of operations of the associates.
entitas asosiasi. Bila terdapat perubahan yang Where there has been a change recognised
diakui langsung pada ekuitas dari entitas directly in the equity of the associates, the Group
asosiasi, Kelompok Usaha mengakui recognises its share of any such changes and
bagiannya atas perubahan tersebut dan discloses this, when applicable, in the
mengungkapkan hal ini, jika dapat diterapkan, consolidated statement of changes in equity.
dalam laporan perubahan ekuitas Unrealised gains and losses resulting from
konsolidasian. Laba atau rugi yang belum transactions between the Group and the
direalisasi sebagai hasil dari transaksi- associates are eliminated to the extent of the
transaksi antara Kelompok Usaha dengan Group’s interest in the associates.
entitas asosiasi dieliminasi pada jumlah sesuai
dengan kepentingan Kelompok Usaha dalam
entitas asosiasi.
Kelompok Usaha menentukan apakah perlu The Group determines whether it is necessary
untuk mengakui rugi penurunan nilai atas to recognise an impairment loss on its
investasi Kelompok Usaha dalam entitas investments in associates. The Group
asosiasi. Kelompok Usaha menentukan pada determines at each reporting date whether there
setiap tanggal pelaporan apakah terdapat bukti is objective evidence that any of its investments
yang objektif yang mengindikasikan bahwa in associates is impaired. If this is the case, the
investasi dalam entitas asosiasi mengalami Group calculates the amount of impairment as
penurunan nilai. Dalam hal ini, Kelompok the difference between the recoverable amount
Usaha menghitung jumlah penurunan nilai of the investment in the associates and its
berdasarkan selisih antara jumlah terpulihkan carrying value, and recognises the impairment
atas investasi dalam entitas asosiasi dan nilai in profit or loss.
tercatatnya, dan mengakui penurunan nilai
tersebut dalam laba rugi.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 23 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
b. Prinsip-prinsip konsolidasi (lanjutan) b. Principles of consolidation (continued)
Kombinasi bisnis entitas sepengendali Business combination under common control
Kelompok Usaha menerapkan PSAK 338 The Group adopted PSAK 338 (Revised 2012)
(Revisi 2012) "Kombinasi bisnis entitas "Business combination of entities under
sepengendali". Berdasarkan PSAK 338 (Revisi common control". Under PSAK 338 (Revised
2012), oleh karena transaksi kombinasi bisnis 2012), since the transaction of business
entitas sepengendali tidak mengakibatkan combination of entities under common control
perubahan substansi ekonomi kepemilikan atas does not result in a change of the economic
bisnis yang dipertukarkan, transaksi tersebut substance of the ownership of businesses
diakui pada jumlah tercatat berdasarkan which are exchanged, the said transaction is
metode penyatuan kepemilikan. Dalam recognised at its carrying value using the
menerapkan metode penyatuan kepemilikan, pooling-of-interests method. In applying the
unsur-unsur laporan keuangan dari entitas yang pooling-of-interests method, the components of
bergabung, untuk periode terjadinya kombinasi the financial statements of the combining entity,
bisnis entitas sepengendali dan untuk periode for the period during which the business
komparatif sajian, disajikan seolah-olah combination of entities under common control
penggabungan tersebut telah terjadi sejak awal occurred and for the comparative period, are
periode entitas yang bergabung berada dalam presented in such a manner as if the
sepengendalian. combination has occurred since the beginning
of the period the combining entity is under
common control.
Selisih antara jumlah tercatat dengan jumlah The difference between the carrying value and
imbalan yang dialihkan dalam kombinasi bisnis the value of considerations transferred in a
entitas sepengendali atau jumlah imbalan yang business combination of entities under common
diterima dalam pelepasan bisnis entitas control or considerations received in a disposal
sepengendali, jika ada, dicatat sebagai bagian of business of entities under common control, if
dari akun "tambahan modal disetor" pada any, is recognised as part of "additional paid-in
laporan posisi keuangan konsolidasian. capital" in the consolidated statement of
financial position.
c. Kas dan setara kas c. Cash and cash equivalents
Kas dan setara kas dalam laporan posisi Cash and cash equivalents in the consolidated
keuangan konsolidasian terdiri dari kas, kas di statements of financial position comprise cash
bank, dan deposito jangka pendek dengan on hand and in banks and short-term bank
jangka waktu jatuh tempo tiga bulan atau deposits with maturities of three months or less
kurang sejak tanggal penempatan dan tidak at the time of placement and not pledged as
digunakan sebagai jaminan atas utang atau collateral for loans or other borrowings.
pinjaman.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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Halaman 24 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
d. Piutang usaha dan piutang lain-lain d. Trade and other receivables
Piutang usaha merupakan jumlah yang Trade receivables are amounts due from
terutang dari pelanggan atas penjualan barang customers for merchandise sold in the ordinary
dagangan dalam kegiatan usaha biasa. course of business. Other receivables are
Piutang lain-lain adalah piutang dari transaksi receivables from transactions other than the
selain penjualan barang dagangan dalam sale of merchandises in the ordinary course of
kegiatan usaha biasa. Jika piutang diperkirakan business. If collection is expected in one year
dapat ditagih dalam waktu satu tahun atau or less (or in the normal operating cycle of the
kurang (atau dalam siklus operasi normal jika business if longer), they are classified as
lebih panjang), piutang diklasifikasikan sebagai current assets. If not, they are presented as
aset lancar. Jika tidak, piutang disajikan non-current assets.
sebagai aset tidak lancar.
Penurunan nilai pada piutang usaha dan Impairment of trade receivables and other
piutang lain-lain dijelaskan pada Catatan 2n. receivables are described in Note 2n.
e. Transaksi dengan pihak-pihak berelasi e. Transactions with related parties
Kelompok Usaha melakukan transaksi The Group has transactions with certain parties
dengan pihak-pihak berelasi sebagaimana which have related party relationships as
didefinisikan dalam PSAK 224 “Pengungkapan defined under PSAK 224 “Related party
pihak-pihak berelasi”. disclosures”.
Transaksi ini dilakukan berdasarkan The transactions are made based on terms
persyaratan yang disetujui oleh kedua belah agreed by the parties, whereas such terms may
pihak, dimana persyaratan tersebut mungkin not be the same as those for transactions with
tidak sama dengan transaksi lain yang unrelated parties.
dilakukan dengan pihak-pihak yang tidak
berelasi.
Seluruh transaksi dan saldo yang material All material transactions and balances
dengan pihak-pihak berelasi telah diungkapkan with related parties are disclosed in
dalam Catatan 26. Note 26.
f. Persediaan f. Inventories
Persediaan dinyatakan berdasarkan nilai Inventories are stated at the lower of cost or net
terendah antara biaya perolehan atau nilai realisable value. Cost is determined using the
realisasi bersih. Biaya perolehan ditentukan weighted average method. Allowance for
dengan menggunakan metode rata-rata inventory obsolescence/losses is provided to
tertimbang. Cadangan keusangan/kerugian reduce the carrying value of inventories to their
persediaan ditetapkan untuk menurunkan nilai net realisable value.
tercatat persediaan ke nilai realisasi bersihnya.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
f. Persediaan (lanjutan) f. Inventories (continued)
Nilai realisasi bersih adalah taksiran harga jual Net realisable value is the estimated selling
dalam kegiatan usaha normal setelah dikurangi price in the ordinary course of business less
dengan taksiran biaya penyelesaian dan estimated costs of completion and estimated
taksiran biaya yang diperlukan untuk costs necessary to make the sale.
melaksanakan penjualan.
g. Aset tetap g. Fixed assets
Aset tetap, kecuali tanah, dinyatakan sebesar Fixed assets, except land, are stated at cost
biaya perolehan dikurangi akumulasi less accumulated depreciation, amortisation
penyusutan, amortisasi dan deplesi, dan rugi and depletion, and impairment loss, if any.
penurunan nilai, jika ada. Biaya perolehan Such cost includes the cost of replacing part of
termasuk biaya penggantian bagian aset tetap the fixed assets when that cost is incurred, if the
saat biaya tersebut terjadi, jika memenuhi recognition criteria are met. Likewise, when
kriteria pengakuan. Selanjutnya, pada saat material renewals and betterments are
pemeliharaan dan perbaikan yang material performed, their costs are recognised in the
dilakukan, biaya tersebut diakui ke dalam nilai carrying amount of the fixed assets as a
tercatat aset tetap sebagai suatu penggantian replacement if the recognition criteria are
jika memenuhi kriteria pengakuan. Apabila satisfied. In the case of mandatory dismantling
terdapat kewajiban untuk membongkar dan or asset removals, the related costs are added
memindahkan aset tetap, maka beban yang to the cost of the relevant assets and provisions
terkait akan ditambahkan ke biaya perolehan are recognised to cover the costs. All other
aset tetap yang bersangkutan dan kewajiban repairs and maintenance costs that do not meet
atas biaya terkait tersebut diakui. Semua biaya the recognition criteria are charged directly to
pemeliharaan dan perbaikan yang tidak current operations.
memenuhi kriteria pengakuan dibebankan
langsung pada operasi tahun berjalan.
Hak atas tanah secara umum dinyatakan Land use rights are generally stated at cost and
sebesar biaya perolehan dan tidak diamortisasi. are not amortised. The Group analyzes the
Kelompok Usaha menganalisis fakta dan facts and circumstances for each type of
keadaan untuk masing-masing jenis hak atas landrights in determining the accounting for
tanah dalam menentukan akuntansi untuk each of these land rights so that it can
masing-masing hak atas tanah tersebut accurately represent an underlying economic
sehingga dapat merepresentasikan dengan event or transaction. If the landrights do not
tepat suatu kejadian atau transaksi ekonomis effectively provide control of the underlying
yang mendasarinya. Jika hak atas tanah assets, but only give the rights to use the
tersebut tidak secara efektif memberikan underlying assets, they are accounted for as
pengendalian atas aset pendasar, melainkan leases under PSAK 116 “Leases”. If the
hanya memberikan hak untuk menggunakan landrights are substantially similar to those of
aset pendasar, transaksi tersebut dicatat land purchases, they are accounted for as fixed
sebagai sewa berdasarkan PSAK 116 “Sewa”. assets under PSAK 216 “Fixed assets”.
Jika hak atas tanah secara substansi
menyerupai pembelian tanah, maka hak atas
tanah tersebut dicatat sebagai aset tetap
berdasarkan PSAK 216 “Aset tetap”.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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Halaman 26 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
g. Aset tetap (lanjutan) g. Fixed assets (continued)
Mesin dan peralatan tertentu yang Certain machinery and equipment related to the
berhubungan dengan produksi semen production of cement are depreciated using the
disusutkan dengan menggunakan metode unit unit-of-production method. All other fixed
produksi. Seluruh aset tetap lainnya, kecuali assets, except land, are depreciated, amortised
tanah, disusutkan, diamortisasi atau dideplesi or depleted using the straight-line method
dengan menggunakan metode garis lurus based on their estimated useful lives as follows:
berdasarkan taksiran masa manfaat aset tetap
sebagai berikut:
Tahun/Years
Pengembangan tanah, tambang, serta Land improvements, quarry, and buildings
bangunan dan prasarana 8 - 30 and structures
Mesin dan peralatan 5 - 15 Machinery and equipment
Kapal 10 - 20 Vessels
Alat pengangkutan 5 Transportation equipment
Pengembangan gedung yang disewa, Leasehold improvements, furniture,
perabot dan peralatan kantor, serta fixtures and office equipment, and tools
perkakas dan peralatan lainnya 5 and other equipment
Biaya pemugaran kapal 2,5 Dry docking costs
Aset dalam pembangunan dinyatakan sebesar Construction in progress is stated at cost. Cost
biaya perolehan. Biaya perolehan tersebut is reduced by the amount of revenue generated
dikurangi dengan jumlah pendapatan neto from the sale of finished products during the
yang diperoleh dari hasil penjualan produk trial production run less the related cost of
selama tahap uji coba produksi setelah production. The accumulated cost is
dikurangi beban produksi. Akumulasi biaya reclassified to the appropriate fixed assets
perolehan akan direklasifikasikan ke masing- account when the construction is substantially
masing akun aset tetap yang bersangkutan completed and the constructed asset is ready
pada saat aset tersebut selesai dikerjakan dan for its intended use.
siap untuk digunakan sesuai intensinya.
Jumlah tercatat aset tetap dihentikan The carrying amount of an item of fixed assets
pengakuannya pada saat dilepaskan atau saat is derecognised upon disposal or when no
tidak ada manfaat ekonomis masa depan yang future economic benefits are expected from its
diharapkan dari penggunaan atau use or disposal. Any gain or loss arising from
pelepasannya. Laba atau rugi yang timbul dari the derecognition of the asset (calculated as the
penghentian pengakuan aset (dihitung sebagai difference between the net disposal proceeds
perbedaan antara jumlah neto hasil pelepasan and the carrying amount of the asset) is
dan jumlah tercatat dari aset) dikreditkan atau credited or charged to profit or loss in the period
dibebankan ke laba rugi periode berjalan pada of asset is derecognised.
tahun aset tersebut dihentikan pengakuannya.
Pada setiap akhir periode pelaporan, nilai At the end of each reporting period, the fixed
residu, umur manfaat dan metode penyusutan assets’ residual values, useful lives and
aset tetap direviu dan disesuaikan secara methods of depreciation are reviewed and
prospektif, jika diperlukan. adjusted prospectively, if appropriate.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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Halaman 27 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
h. Penurunan nilai aset non-keuangan dan h. Impairment of non-financial assets and
goodwill goodwill
Pada setiap akhir periode pelaporan, Kelompok The Group assesses at the end of each
Usaha menilai apakah terdapat indikasi suatu reporting period whether there is an indication
aset selain goodwill mengalami penurunan nilai. that an asset other than goodwill may be
Jika terdapat indikasi tersebut, maka jumlah impaired. If such indication exists, recoverable
terpulihkan diestimasi untuk aset individual. amount is estimated for the individual asset. If it
Jika tidak mungkin untuk mengestimasi jumlah is not possible to estimate the recoverable
terpulihkan aset individual, maka Kelompok amount of the individual asset, the Group
Usaha menentukan nilai terpulihkan dari Unit determines the recoverable amount of the
Penghasil Kas (“UPK”) yang mana aset Cash-Generating Unit (“CGU”) to which the
tercakup (aset dari UPK). asset belongs (the asset’s CGU).
Jumlah terpulihkan dari suatu aset (baik aset An asset’s (either individual asset or CGU)
individual maupun UPK) adalah jumlah yang recoverable amount is the higher of the asset’s
lebih tinggi antara nilai wajarnya dikurangi biaya fair value less costs to sell and its value in use.
untuk menjual dengan nilai pakainya. Jika nilai Where the carrying amount of the asset
tercatat aset lebih besar daripada nilai exceeds its recoverable amount, the asset is
terpulihkannya, maka aset tersebut dianggap considered impaired and is written down to its
mengalami penurunan nilai dan nilai tercatat recoverable amount. Impairment losses are
aset diturunkan menjadi sebesar nilai recognised in profit or loss as “operating
terpulihkannya. Rugi penurunan nilai diakui expenses”. In assessing the value in use, the
pada laba rugi sebagai “beban usaha”. Dalam estimated net future cash flows are discounted
menghitung nilai pakai, estimasi arus kas masa to their present value using a pre-tax discount
depan neto didiskontokan ke nilai kini dengan rate that reflects current market assessments of
menggunakan tingkat diskonto sebelum pajak the time value of money and the risks specific
yang menggambarkan penilaian pasar kini dari to the asset.
nilai waktu uang dan risiko spesifik atas aset.
Dalam menentukan nilai wajar dikurangi biaya In determining fair value less costs to sell,
untuk menjual, digunakan harga transaksi recent market transactions are taken into
pasar terakhir, jika tersedia. Jika tidak terdapat account, if available. If no such transactions
transaksi tersebut, Kelompok Usaha can be identified, an appropriate valuation
menggunakan model penilaian yang sesuai model is used to determine the fair value of the
untuk menentukan nilai wajar aset. asset. These calculations are corroborated by
Perhitungan-perhitungan ini didukung dengan valuation multiples quoted share price for
penilaian berganda atas nilai saham kuotasian publicity traded companies or other available
perusahaan yang diperdagangkan di pasar atau fair value indicators.
indikator nilai wajar lainnya yang tersedia.
Aset yang memiliki masa manfaat yang tidak Assets that have an indefinite useful life – for
terbatas – sebagai contoh goodwill atau aset example, goodwill or intangible assets not
takberwujud yang tidak siap untuk digunakan – ready for use - are not subject to amortisation
tidak diamortisasi namun diuji penurunan but tested annually for impairment, or more
nilainya setiap tahun, atau lebih sering apabila frequently if events or changes in
terdapat peristiwa atau perubahan pada circumstances indicate that they might be
kondisi yang mengindikasikan kemungkinan impaired. Assets that are subject to
penurunan nilai. Aset yang diamortisasi diuji amortisation are reviewed for impairment
ketika terdapat indikasi bahwa nilai tercatatnya whenever events or changes in circumstances
mungkin tidak dapat dipulihkan. indicate that the carrying amount may not be
recoverable.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
h. Penurunan nilai aset non-keuangan dan h. Impairment of non-financial assets and
goodwill (lanjutan) goodwill (continued)
Untuk keperluan pengujian penurunan nilai For the purpose of impairment testing of
goodwill, goodwill yang diperoleh dari goodwill, goodwill acquired in a business
kombinasi bisnis dialokasikan pada setiap Unit combination is allocated to each of the Cash
Penghasil Kas (“UPK”), atau kelompok UPK, Generating Units (“CGUs”), or groups of
yang diharapkan dapat memberikan manfaat CGUs, that is expected to benefit from the
dari sinergi kombinasi bisnis tersebut. synergies of the business combination.
Nilai tercatat dari goodwill dibandingkan The carrying value of goodwill is compared to
dengan jumlah yang terpulihkan, yaitu nilai the recoverable amount, which is the higher of
yang lebih tinggi antara nilai pakai dan nilai value in use and the fair value less costs of
wajar dikurangi biaya untuk menjual. Rugi disposal. Any impairment is recognised
penurunan nilai dibebankan langsung dalam immediately as an expense in profit or loss and
laba rugi dan selanjutnya tidak dibalik kembali. is not subsequently reversed.
Aset non-keuangan selain goodwill yang Non-financial assets other than goodwill that
mengalami penurunan nilai diuji setiap tanggal have suffered impairment are reviewed for
pelaporan untuk menentukan apakah terdapat possible reversal of the impairment at each
kemungkinan pemulihan penurunan nilai. reporting date. Reversal on impairment loss for
Pembalikan rugi penurunan nilai, untuk aset assets other than goodwill would be
selain goodwill, diakui jika, dan hanya jika, recognised if, and only if, there has been a
terdapat perubahan estimasi yang digunakan change in the estimates used to determine the
dalam menentukan jumlah terpulihkan aset assets’ recoverable amount since the last
sejak pengujian penurunan nilai terakhir kali. impairment test was carried out. Reversal on
Pembalikan rugi penurunan nilai tersebut diakui impairment losses will be immediately
segera dalam laba rugi, tetapi tidak boleh recognised in profit or loss, but not in excess of
melebihi akumulasi rugi penurunan nilai yang any accumulated impairment loss previously
telah diakui sebelumnya. Rugi penurunan nilai recognised. Impairment losses relating to
yang diakui atas goodwill tidak dibalik lagi. goodwill would not be reversed.
i. Sewa i. Leases
Kelompok Usaha sebagai penyewa The Group as a lessee
Pada tanggal permulaan kontrak, Kelompok At the inception of a contract, the Group
Usaha menilai apakah kontrak merupakan, assesses whether the contract is, or contains,
atau mengandung, sewa. Suatu kontrak a lease. A contract is or contains a lease if the
merupakan atau mengandung sewa jika contract conveys the right to control the use of
kontrak tersebut memberikan hak untuk an identified assets for a period of time in
mengendalikan penggunaan aset identifikasian exchange for consideration.
selama suatu jangka waktu untuk dipertukarkan
dengan imbalan.
Untuk menilai apakah kontrak memberikan hak To assess whether a contract conveys the right
untuk mengendalikan penggunaan aset to control the use of an identified asset, the
identifikasian, Kelompok Usaha harus menilai Group shall assess whether:
apakah:
- Kelompok Usaha memiliki hak untuk - The Group has the right to obtain
mendapatkan secara substansial seluruh substantially all the economic benefits from
manfaat ekonomi dari penggunaan aset use of the asset throughout the period of
sepanjang periode penggunaan; dan use; and
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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Halaman 29 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
i. Sewa (lanjutan) i. Leases (continued)
Kelompok Usaha sebagai penyewa (lanjutan) The Group as a lessee (continued)
- Kelompok Usaha memiliki hak untuk - The Group has the right to direct the use of the
mengarahkan penggunaan aset. Kelompok asset. The Group has this right when it has the
Usaha memiliki hak ini ketika Kelompok decision-making rights that are the most
Usaha memiliki hak untuk pengambilan relevant to changing how and for what
keputusan yang relevan tentang bagaimana purpose the asset is used are predetermined
dan untuk tujuan apa aset digunakan telah and:
ditentukan sebelumnya dan:
1. Kelompok Usaha memiliki hak untuk 1. The Group has the right to operate the
mengoperasikan aset; atau asset; or
2. Kelompok Usaha telah mendesain aset 2. The Group has designed the asset in a
dengan cara menetapkan sebelumnya way that predetermined how and for
bagaimana dan untuk tujuan apa aset what purpose it will be used.
akan digunakan.
Pada tanggal insepsi atau pada penilaian At the inception or on reassessment of a
kembali atas kontrak yang mengandung contract that contains a lease component, the
sebuah komponen sewa, Kelompok Usaha Group allocates the consideration in the
mengalokasikan imbalan dalam kontrak ke contract to each lease component on the basis
masing-masing komponen sewa berdasarkan of their relative stand-alone prices and the
harga tersendiri relatif dari komponen sewa dan aggregate stand-alone price of the non-lease
harga tersendiri agregat dari komponen components.
nonsewa.
Pada tanggal permulaan sewa, Kelompok At the lease inception date, the Group
Usaha mengakui aset hak-guna dan liabilitas recognises a right-of-use asset and a lease
sewa. Aset hak-guna diukur pada biaya liability at the lease commencement date. The
perolehan, dimana meliputi jumlah pengukuran right-of-use asset is initially measured at cost,
awal liabilitas sewa yang disesuaikan dengan which comprises the initial amount of the lease
pembayaran sewa yang dilakukan pada atau liability adjusted for any lease payment made
sebelum tanggal permulaan, ditambah dengan at or before the commencement date, plus an
estimate of costs to dismantle and remove the
estimasi biaya yang akan dikeluarkan untuk
underlying asset or to restore the underlying
membongkar dan memindahkan aset pendasar
asset to the condition required by the terms
atau untuk merestorasi aset pendasar ke and conditions of the lease.
kondisi yang disyaratkan dan ketentuan sewa.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
i. Sewa (lanjutan) i. Leases (continued)
Kelompok Usaha sebagai penyewa (lanjutan) The Group as a lessee (continued)
Aset hak-guna kemudian disusutkan The right-of-use asset is subsequently
menggunakan metode garis lurus dari tanggal depreciated using the straight-line method from
permulaan hingga tanggal yang lebih awal the commencement date to the earlier of the
antara akhir umur manfaat aset hak-guna atau end of the useful life of the right-of-use asset or
akhir masa sewa. the end of the lease term.
Liabilitas sewa diukur pada nilai kini The lease liability is initially measured at the
pembayaran sewa yang belum dibayar pada present value of the lease payments that are
tanggal permulaan, didiskontokan dengan not paid at the commencement date,
menggunakan suku bunga implisit dalam sewa discounted using the interest rate implicit in the
atau jika suku bunga tersebut tidak dapat lease or, if that rate cannot be readily
ditentukan, maka menggunakan suku bunga determined, using incremental borrowing rate.
pinjaman inkremental. Pada umumnya, Generally, the Group uses its incremental
Kelompok Usaha menggunakan suku bunga borrowing rate as the discount rate.
pinjaman inkremental sebagai tingkat bunga
diskonto.
Pembayaran sewa yang termasuk dalam Lease payments included in the measurement
pengukuran liabilitas sewa meliputi of the lease liability comprise fixed payments.
pembayaran tetap.
Setiap pembayaran sewa dialokasikan sebagai Each lease payment is allocated between
beban keuangan dan pengurangan liabilitas finance charges and reduction of the lease
sehingga menghasilkan tingkat suku bunga liability so as to achieve a constant rate on the
yang konstan atas saldo liabilitas yang tersisa. finance balance outstanding. The
Utang sewa yang terkait, dikurangi dengan corresponding rental obligations, net of finance
beban keuangan, dimasukkan ke dalam charges, are included in “lease liabilities”.
“liabilitas sewa”.
Elemen bunga dari beban keuangan The interest element of the finance cost is
dibebankan pada laba rugi selama periode charged to profit or loss over the lease period
sewa sehingga menghasilkan tingkat bunga so as to produce a constant periodic rate of
periodik yang konstan untuk saldo liabilitas interest on the remaining balance of the liability
yang tersisa pada setiap periode. for each period.
Kelompok Usaha menyajikan aset hak-guna The Group presents right-of-use assets as part
sebagai bagian dari “aset tetap” di dalam of “fixed assets” in the consolidated statement
laporan posisi keuangan konsolidasian. of financial position.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
i. Sewa (lanjutan) i. Leases (continued)
Sewa jangka pendek Short-term leases
Kelompok Usaha memutuskan untuk tidak The Group has elected not to recognise right-
mengakui aset hak-guna dan utang sewa untuk of-use assets and lease liabilities for short-term
sewa jangka-pendek yang memiliki masa sewa leases that have a lease term of 12 months or
12 bulan atau kurang. Kelompok Usaha less. The Group recognises the lease
mengakui pembayaran sewa atas sewa payments associated with these leases as an
tersebut sebagai beban dengan dasar garis expense on a straight-line basis over the lease
lurus selama masa sewa. term.
j. Aset takberwujud dan goodwill j. Intangible assets and goodwill
Aset takberwujud diukur sebesar nilai An intangible asset is measured on initial
perolehan pada pengakuan awal. Setelah recognition at cost. Following initial recognition,
pengakuan awal, aset takberwujud dicatat pada the intangible asset is carried at cost less any
nilai perolehan dikurangi akumulasi amortisasi accumulated amortisation and any
dan akumulasi rugi penurunan nilai. Umur accumulated impairment loss. The useful life of
manfaat aset takberwujud dinilai apakah the intangible asset is assessed to be either
terbatas atau tidak terbatas. finite or indefinite.
Aset takberwujud dengan umur terbatas An intangible asset with finite life is amortised
diamortisasi dengan metode garis lurus selama using straight-line method over the asset’s
umur manfaat ekonomi aset dan dievaluasi useful economic life and assessed for
apabila terdapat indikator adanya penurunan impairment whenever there is an indication that
nilai untuk aset takberwujud. Periode dan the intangible asset may be impaired. The
metode amortisasi untuk aset takberwujud amortisation period and the amortisation
dengan umur terbatas direviu setidaknya setiap method for an intangible asset with a finite
akhir tahun tutup buku. useful life are reviewed at least at each financial
year end.
Aset takberwujud dihentikan pengakuannya An intangible asset is derecognised:
pada saat:
i. dijual; atau i. on disposal; or
ii. ketika tidak ada manfaat ekonomis di masa ii. when no future economic benefits are
depan yang dapat diharapkan dari penggunaan expected from its use or disposal.
atau penjualan aset tersebut.
Aset takberwujud Kelompok Usaha terdiri dari The Group’s intangible assets consist of mining
izin usaha pertambangan, merek dagang dan licenses, trademarks and application software
aplikasi piranti lunak yang digunakan pada for use on computers.
komputer.
Pengukuran goodwill dijabarkan pada The measurement of goodwill is described in
Catatan 2b dan Catatan 2h. Note 2b and Note 2h.
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
j. Aset takberwujud dan goodwill (lanjutan) j. Intangible assets and goodwill (continued)
Aset takberwujud diamortisasi menggunakan Intangible assets are amortised using straight-
metode garis lurus sesuai masa manfaatnya: line method based on the following useful lifes:
Tahun/Years
Merek dagang 20 Trademarks
Izin usaha pertambangan 40 Mining license
Aplikasi piranti lunak 5 Application software
k. Pengakuan pendapatan dan biaya/beban k. Revenue and cost/expense recognition
Pendapatan dari penjualan barang diakui pada Revenue from the sale of goods are recognised
suatu titik waktu ketika pengendalian barang at a point in time when control of the goods has
telah dialihkan, yaitu ketika barang dikirim ke been transferred, being when the goods are
pembeli dan tidak ada kewajiban yang tidak delivered to the customer and there is no
terpenuhi yang dapat memengaruhi unfulfilled obligation that could affect the
penerimaan pembeli atas barang tersebut. customer’s acceptance of the goods.
Biaya/beban umumnya diakui dan dibebankan Cost/expense are generally recognised and
pada operasi pada saat terjadinya. charged to operations when they are incurred.
l. Imbalan kerja l. Employee benefit
Imbalan kerja jangka pendek Short-term employee benefit
Kelompok Usaha mengakui liabilitas imbalan The Group recognises short-term employee
kerja jangka pendek ketika jasa diberikan oleh benefits liability when services are rendered
karyawan dan imbalan atas jasa tersebut akan and the compensation for such services is to be
dibayarkan dalam waktu dua belas bulan paid within twelve months after rendering such
setelah jasa tersebut diberikan. services.
Imbalan pascakerja Post-employment benefit
Perusahaan menyelenggarakan program The Company has a defined contribution
pensiun iuran pasti (Program Pensiun) untuk retirement plan (Pension Plan) covering all of its
semua karyawan tetapnya yang telah qualified permanent employees and an
memenuhi kriteria dan liabilitas imbalan kerja unfunded employee benefits liability
yang tidak didanai yang ditentukan berdasarkan determined in accordance with the existing
Kesepakatan Kerja Bersama (KKB) yang Collective Labor Agreement (CLA). The
berlaku. Liabilitas imbalan kerja yang tidak unfunded employee benefits liability is
didanai tersebut dihitung dengan calculated by comparing the benefit that will be
membandingkan imbalan yang akan diterima received by an employee at normal pension age
oleh karyawan pada usia normal pensiun dari from the Pension Plan with the benefit as
Program Pensiun dengan imbalan sesuai stipulated in the CLA, after deducting the
dengan KKB, setelah dikurangi dengan accumulated employee contribution and the
akumulasi kontribusi karyawan dan hasil related investment results. If the employer-
pengembangannya. Jika bagian pemberi kerja funded portion of the Pension Plan benefit is
pada imbalan Program Pensiun kurang dari less than the benefit as required by the CLA, the
imbalan yang diharuskan oleh KKB, Company provides for such shortfall.
Perusahaan akan mencadangkan kekurangan
tersebut.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 33 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
l. Imbalan kerja (lanjutan) l. Employee benefit (continued)
Imbalan pascakerja (lanjutan) Post-employment benefit (continued)
Perusahaan dan DAP juga menyelenggarakan The Company and DAP also provide post-
program imbalan kesehatan pascakerja dimana retirement healthcare benefits wherein
karyawan yang mencapai usia pensiun normal employees who reach normal retirement age as
setelah tanggal 1 Januari 2003 dan seterusnya of 1 January 2003 and onwards are entitled to
berhak untuk menerima imbalan kesehatan receive healthcare benefits for
selama 5 tahun dari tanggal pensiun normal 5 years from their normal retirement date. The
mereka. Jumlah imbalan kesehatan pascakerja amount of post-retirement healthcare benefits
setara dengan imbalan rawat inap dengan is equivalent to the benefits limited to
maksimal 60 hari penggantian rawat inap per reimbursement for in-patient hospital bills for a
tahun yang diterima oleh karyawan yang year not exceeding 60 days per year under the
bersangkutan pada saat sebelum pensiun. same standard as that which an employee used
to have prior to the retirement.
Entitas Anak tidak menyelenggarakan The Subsidiaries do not maintain any pension
program pensiun. Namun demikian, beban plan. However, retirement benefit expenses for
tunjangan pensiun Entitas Anak telah those Subsidiaries are accrued based on CLA.
dicadangkan sesuai dengan KKB.
Beban pensiun dihitung menggunakan metode Pension costs are determined using the
projected-unit-credit dengan menerapkan projected-unit-credit method and applying the
asumsi atas tingkat diskonto menggunakan assumptions on discount rate using the yield at
imbal hasil Obligasi Pemerintah yang the reporting date of government bonds that are
didenominasikan dalam Rupiah, tingkat denominated in Indonesian Rupiah, expected
pengembalian dana pensiun yang diharapkan return on plan assets and annual rate of
dan tingkat kenaikan kompensasi. increase in compensation.
Keuntungan atau kerugian aktuarial yang timbul All actuarial gains and losses arising from
dari penyesuaian dan perubahan asumsi- adjustment and changes in actuarial
asumsi aktuarial diakui seluruhnya dalam assumption are recognised as other
penghasilan komprehensif lain. Biaya jasa lalu comprehensive income. All past service costs
diakui secara langsung di laporan laba rugi, are recognised immediately in profit or loss,
kecuali perubahan terhadap program pensiun unless the changes to the pension plan are
tersebut mensyaratkan karyawan tersebut conditional on the employees remaining in
untuk bekerja selama periode waktu tertentu. service for a specified period of time.
Biaya bunga dan imbal hasil yang diharapkan The interest cost and expected return on
atas program diukur dengan menghitung tingkat plan assets are measured by applying the
diskonto dengan liabilitas atau aset imbalan discount rate to the net defined benefit liability
pasti neto pada setiap awal periode pelaporan. or asset at the start of each reporting period.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 34 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
l. Imbalan kerja (lanjutan) l. Employee benefit (continued)
Imbalan kerja jangka panjang lainnya Other long-term employee benefits
Kelompok Usaha memiliki penghargaan masa The Group provides long service awards and
kerja dan cuti berimbalan jangka panjang untuk leave benefits for some of its employees. The
karyawan tertentu. Hak atas imbalan ini entitlements to these benefits are usually based
biasanya berdasarkan pencapaian masa kerja on the completion of a certain service year by
karyawan sesuai dengan KKB. Estimasi biaya the employees in accordance with the CLA. The
imbalan ini diakui selama masa kerja. Imbalan estimated costs of these benefits are
ini dihitung dengan menggunakan metode yang recognised over the year of employment. These
sama dengan metode yang digunakan untuk benefits are accounted for using the same
program pensiun imbalan pasti, kecuali untuk method as for the defined benefit pension plan,
keuntungan dan kerugian aktuarial yang diakui except for actuarial gains and losses which are
pada laporan laba rugi konsolidasian. recognised in the consolidated profit or loss.
Pesangon pemutusan kontrak kerja Termination benefits
Pesangon pemutusan kontrak kerja diakui Termination benefits are recognised when the
ketika Kelompok Usaha memiliki komitmen Group has a commitment to terminate
untuk mengakhiri hubungan kerja sebelum usia employment before the normal retirement age,
pensiun normal termasuk pengunduran diri including voluntary resignation. The Group
secara sukarela. Kelompok Usaha mengakui recognises a liability and expense for
liabilitas dan beban pesangon pada tanggal termination benefits at the earlier of the
yang lebih awal antara (i) ketika Kelompok following dates: (i) when the Group can no
Usaha tidak dapat lagi menarik tawaran atas longer withdraw the offer of those benefits; and
imbalan tersebut dan (ii) ketika Kelompok (ii) when the Group recognises costs for a
Usaha mengakui biaya untuk restrukturisasi restructuring that is within the scope of PSAK
yang berada dalam ruang lingkup PSAK 237 237 and involves the payment of termination
dan melibatkan pembayaran pesangon. Dalam benefits. In the case of voluntary resignation,
hal pengunduran diri secara sukarela, the termination benefits are measured based on
pesangon diukur berdasarkan estimasi jumlah the estimated number of employees expected
karyawan yang diharapkan akan menerima to accept the benefits. Benefits falling due more
imbalan tersebut. Imbalan yang jatuh tempo than 12 months after the reporting date are
lebih dari 12 bulan setelah periode pelaporan discounted to their present value.
didiskontokan menjadi nilai kininya.
m. Transaksi dan saldo dalam mata uang asing m. Foreign currency transactions and balances
Laporan keuangan konsolidasian disajikan The consolidated financial statements are
dalam Rupiah, yang merupakan mata uang presented in Indonesian Rupiah (Rupiah),
fungsional Perusahaan dan mata uang which is the Company’s functional currency and
penyajian Kelompok Usaha. Perusahaan dan the Group’s presentation currency. The
Entitas Anak mempertimbangkan indikator Company and Subsidiaries considers the
utama dan indikator lainnya dalam menentukan primary indicators and other indicators in
mata uang fungsionalnya. Jika ada indikator determining its functional currency. If indicators
yang tercampur dan mata uang fungsional tidak are mixed and the functional currency is not
jelas, manajemen menggunakan penilaian obvious, management uses its judgment to
untuk menentukan mata uang fungsional yang determine the functional currency that most
paling tepat menggambarkan pengaruh faithfully represents the economic effects of the
ekonomi dari transaksi, kejadian dan kondisi underlying transactions, events and conditions.
yang mendasarinya.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 35 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
m. Transaksi dan saldo dalam mata uang asing m. Foreign currency transactions and balances
(lanjutan) (continued)
Kurs rata-rata untuk sebulan digunakan untuk An average rate for a month is used for all
semua transaksi dalam mata uang asing yang foreign currency transactions occurring during
terjadi selama periode tersebut. Pada akhir that period. At the end of the reporting period,
periode pelaporan, aset dan liabilitas moneter monetary assets and liabilities denominated in
dalam mata uang asing dijabarkan ke dalam foreign currencies are adjusted to reflect the
Rupiah berdasarkan rata-rata kurs jual dan beli average buying and selling rates of exchange
yang diterbitkan oleh Bank Indonesia pada quoted by Bank Indonesia at the closing of the
tanggal terakhir transaksi perbankan pada last banking day of the year. The resulting gains
tahun yang bersangkutan. Laba atau rugi or losses are credited or charged to current
selisih kurs yang timbul dikreditkan atau operations.
dibebankan pada operasi tahun berjalan.
Pada tanggal 31 Desember 2025 dan 2024, As of 31 December 2025 and 2024, the rates of
kurs mata uang asing (dalam jumlah Rupiah exchange used (in full Rupiah amounts) were
penuh) yang digunakan adalah sebagai berikut: as follows:
2025 2024
1 Euro (EUR) 19.753,26 16.851,32 Euro (EUR) 1
1 Dolar A.S. (USD) 16.782,00 16.162,00 U.S. dollar (USD) 1
1 Dolar Singapura (SGD) 13.068,57 11.919,34 Singapore dollar (SGD) 1
1 Dolar Australia (AUD) 11.254,86 10.081,88 Australian dollar (AUD) 1
1 Yen Jepang (JPY) 107,59 102,36 Japanese yen (JPY) 1
Transaksi dalam mata uang asing lainnya tidak Transactions in other foreign currencies are
material. immaterial.
n. Instrumen keuangan n. Financial instruments
Instrumen keuangan adalah setiap kontrak A financial instrument is any contract that gives
yang memberikan kenaikan nilai aset keuangan rise to a financial asset of one entity and a
dari satu entitas dan liabilitas keuangan atau financial liability or equity instrument of another
instrumen ekuitas dari entitas lainnya. entity.
i. Aset keuangan i. Financial assets
Klasifikasi dan pengukuran Classification and measurement
Kelompok Usaha mengklasifikasikan aset The Group classified its financial assets
keuangannya berdasarkan pada model based on the business model and
bisnis dan arus kas kontraktual - apakah contractual cash flows - whether from solely
semata dari pembayaran pokok dan bunga. payment of principal and interest.
Aset keuangan diklasifikasikan dalam dua Financial assets are classified in the two
kategori sebagai berikut: categories as follows:
- Aset keuangan yang diukur dengan biaya - Financial assets at amortised cost.
diamortisasi.
- Aset keuangan yang diukur dengan nilai - Financial assets at fair value through profit
wajar melalui laba rugi (FVTPL) atau or loss (FVTPL) or other comprehensive
melalui penghasilan komprehensif lain income (FVTOCI).
(FVTOCI).
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 36 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
n. Instrumen keuangan (lanjutan) n. Financial instruments (continued)
i. Aset keuangan (lanjutan) i. Financial assets (continued)
Kelompok Usaha menentukan klasifikasi The Group determined the classification of
aset keuangan tersebut pada pengakuan its financial assets at initial recognition. The
awal. Kelompok Usaha mereklasifikasi aset Group reclassifies the financial assets if and
keuangan jika dan hanya jika model bisnis only if business model for managing those
untuk mengelola aset tersebut berubah. assets changes.
Semua aset keuangan pada awalnya diakui All financial assets are recognised initially at
sebesar nilai wajarnya ditambah dengan fair value plus transaction costs, except in
biaya-biaya transaksi, kecuali aset the case of financial assets which are
keuangan dicatat pada nilai wajar melalui recorded at fair value through profit or loss,
laba rugi, biaya transaksi yang dapat transaction costs that are directly attributable
diatribusikan secara langsung dengan to the acquisition are expensed in profit or
perolehan dibebankan pada laba rugi. loss.
Aset keuangan Kelompok Usaha meliputi The Group’s financial assets include cash
kas dan setara kas, piutang usaha dan and cash equivalents, trade and other
piutang lain-lain, dan aset keuangan lancar receivables and other current and non-
dan tidak lancar lainnya. Aset keuangan current financial assets. Financial assets in
diklasifikasikan sebagai aset lancar, jika this category are classified as current assets
jatuh tempo dalam waktu 12 bulan, jika tidak if expected to be settled within 12 months,
maka aset keuangan ini diklasifikasikan otherwise they are classified as non-current
sebagai aset tidak lancar. assets.
Aset keuangan yang diukur dengan biaya Financial assets at amortised costs are
diamortisasi selanjutnya diukur dengan subsequently measured using the Effective
metode suku bunga efektif (“EIR”), setelah Interest Rate (“EIR”) method less
dikurangi dengan penurunan nilai. Biaya impairment. Amortised costs is calculated by
perolehan yang diamortisasi dihitung taking into account any discount or premium
dengan memperhitungkan diskonto atau on acquisition fee or costs that are an
premi atas biaya akuisisi atau biaya yang integral part of the EIR. The EIR amortisation
merupakan bagian integral dari EIR is included in the profit or loss. The losses
tersebut. Amortisasi EIR dicatat dalam laba arising from impairment are recognised in
rugi. Kerugian yang timbul dari penurunan the profit or loss.
nilai juga diakui pada laba rugi.
ii. Penghentian pengakuan aset ii. Derecognition of financial assets
Aset keuangan (atau mana yang lebih tepat, A financial asset (or where applicable, a part
bagian dari aset keuangan atau bagian dari of a financial asset or part of a group of
kelompok aset keuangan serupa) similar financial assets) is derecognised
dihentikan pengakuannya pada saat: when: (1) the contractual rights to the cash
(1) hak kontraktual arus kas yang berasal flows from the financial assets expire; or (2)
dari aset keuangan tersebut telah berakhir; the Group has transferred its contractual
atau (2) Kelompok Usaha telah rights to receive the cash flows of the
mengalihkan hak kontraktual mereka untuk financial assets or retains the contractual
menerima arus kas yang berasal dari aset rights to receive the cash flows of the
keuangan atau mempertahankan hak financial assets, but assumes a contractual
kontraktual untuk menerima arus kas yang obligation to pay the cash flows to one or
berasal dari aset keuangan, tetapi juga more recipients.
menanggung kewajiban kontraktual untuk
membayar arus kas yang diterima tersebut
kepada satu atau lebih pihak penerima.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 37 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
n. Instrumen keuangan (lanjutan) n. Financial instruments (continued)
iii. Liabilitas keuangan iii. Financial liabilities
Kelompok Usaha hanya memiliki liabilitas The Group only had financial liabilities
keuangan yang dinilai dengan biaya measured at amortised cost, which consists
perolehan yang diamortisasi, yang terdiri of trade payables, other payables,
dari utang usaha, utang lain-lain, uang customers' deposits, accruals, bank loan
jaminan pelanggan, akrual, utang bank and lease liabilities. After initial recognition
jangka pendek dan liabilitas sewa. Setelah which is at fair value plus transaction costs,
pengakuan awal yang sebesar nilai wajar the Group measures all financial liabilities at
ditambah biaya transaksi, Kelompok Usaha amortised cost using the effective interest
mengukur semua liabilitas keuangan yang rates method. Financial liabilities are
diukur dengan biaya perolehan diamortisasi derecognised when extinguished.
menggunakan metode suku bunga efektif.
Liabilitas keuangan dihentikan
pengakuannya pada saat dihapuskan.
Terkait dengan perjanjian Kelompok Usaha In relation to the agreement entered by the
untuk pembayaran kepada pemasok melalui Group for the payments to suppliers through
perjanjian pembiayaan pemasok dengan a supplier financing arrangement with the
bank, manajemen melakukan penilaian banks, management performs assessment
apakah terdapat perubahan substansial whether there is a change in the substance
atas syarat utang usaha. Untuk transaksi of the term of trade payables. For the
dimana tidak terdapat perubahan transactions with the banks where there is
substansial atas syarat utang usaha, no change in the substance of the term of
Kelompok Usaha melanjutkan untuk trade payables, the Group continues
menyajikan angka terkait sebagai utang presenting the relevant amounts within trade
usaha pada laporan posisi keuangan payables in the consolidated statements of
konsolidasian. Namun, apabila terdapat financial position. However, if there is a
perubahan substansial atas syarat utang change on the substance of the trade
usaha, Kelompok Usaha akan menyajikan payables, the Group will present the relevant
angka terkait sebagai liabilitas pengaturan amounts as supplier financing arrangement
pembiayaan pemasok pada laporan posisi liabilities in the consolidated statement of
keuangan konsolidasian. financial position.
iv. Saling hapus instrumen keuangan iv. Offsetting of financial instruments
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities are
disalinghapus dan nilai bersihnya disajikan offset and the net amount reported in the
dalam laporan posisi keuangan consolidated statement of financial position
konsolidasian jika, dan hanya jika, entitas if, and only if, there is a currently
saat ini memiliki hak yang dapat dipaksakan enforceable legal right to offset the
secara hukum untuk melakukan saling recognised amounts and there is an
hapus atas jumlah yang telah diakui dan intention to settle on a net basis, or to
berniat untuk menyelesaikan secara neto, realise the assets and settle the liabilities
atau untuk merealisasikan aset dan simultaneously. The legally enforceable
menyelesaikan kewajibannya secara right must not be contingent on future
simultan. Hak yang berkekuatan hukum events and must be enforceable in the
tersebut tidak harus bergantung pada normal course of business and in the event
kejadian masa depan dan harus dapat of default, insolvency or bankruptcy of the
dilaksanakan dalam kegiatan usaha normal Group or the counterparty.
dan dalam hal gagal bayar, pailit atau
kebangkrutan dari Kelompok Usaha atau
pihak lawan.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 38 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
n. Instrumen keuangan (lanjutan) n. Financial instruments (continued)
v. Penurunan nilai dari aset keuangan v. Impairment of financial assets
Kelompok Usaha menerapkan metode yang The Group applied a simplified approach to
disederhanakan untuk mengukur kerugian measure expected credit loss for trade
kredit ekspektasian terhadap piutang usaha, receivables, which requires expected
yang mensyaratkan kerugian sepanjang lifetime losses to be recognised from initial
umur piutang yang diharapkan harus diakui recognition of the receivables.
sejak pengakuan awal piutang.
o. Perpajakan o. Taxation
Pajak kini Current tax
Aset dan liabilitas pajak kini untuk tahun Current income tax assets and liabilities for the
berjalan diukur sebesar jumlah yang diharapkan current year are measured at the amount
dapat direstitusi dari atau dibayarkan kepada expected to be recovered from or paid to the
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 peraturan perpajakan yang the tax laws enacted at the reporting date.
berlaku pada tanggal pelaporan keuangan. Management periodically evaluates positions
Manajemen secara periodik mengevaluasi taken in tax returns with respect to situations in
posisi yang dilaporkan di Surat Pemberitahuan which applicable tax regulation is subject to
Tahunan (SPT) sehubungan dengan situasi interpretation. It establishes provision where
dimana aturan pajak yang berlaku appropriate on the basis of amounts expected
membutuhkan interpretasi. Jika perlu, to be paid to the tax authorities.
manajemen menentukan provisi berdasarkan
jumlah yang diharapkan akan dibayar kepada
otoritas pajak.
Kekurangan/kelebihan pembayaran pajak Underpayment/overpayment of income tax are
penghasilan dicatat sebagai bagian dari “beban presented as part of “income tax expense - net”
pajak penghasilan - neto” dalam laporan laba in the consolidated statement of profit or loss
rugi dan penghasilan komprehensif lain and other comprehensive income. The Group
konsolidasian. Kelompok Usaha juga also presented interest/penalty from the
menyajikan bunga/denda yang berasal dari underpayment of income tax, if any, as part of
kurang bayar pajak penghasilan, jika ada, “income tax expense - net”.
sebagai bagian dari “beban pajak penghasilan-
neto”.
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
atas keberatan ditetapkan. appeal is determined.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 39 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
o. Perpajakan (lanjutan) o. Taxation (continued)
Pajak tangguhan Deferred tax
Aset dan liabilitas pajak tangguhan diakui Deferred tax assets and liabilities are
menggunakan metode liabilitas neraca atas recognised using the balance sheet liability
konsekuensi pajak pada masa mendatang yang method for the future tax consequences
timbul dari perbedaan jumlah tercatat aset dan attributable to differences between the carrying
liabilitas menurut laporan keuangan dengan amounts of existing assets and liabilities in the
dasar pengenaan pajak aset dan liabilitas pada financial statements and their respective tax
setiap tanggal pelaporan. Liabilitas pajak bases at each reporting date. Deferred tax
tangguhan diakui untuk semua perbedaan liabilities are recognised for all taxable
temporer kena pajak dan aset pajak tangguhan temporary differences and deferred tax assets
diakui untuk perbedaan temporer yang boleh are recognised for deductible temporary
dikurangkan dan akumulasi rugi fiskal, differences and accumulated fiscal losses to the
sepanjang besar kemungkinan perbedaan extent that it is probable that taxable profit will
temporer yang boleh dikurangkan dan be available in future years against which the
akumulasi rugi fiskal tersebut dapat deductible temporary differences and
dimanfaatkan untuk mengurangi laba kena accumulated fiscal losses can be utilised.
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 and
diturunkan apabila laba fiskal mungkin tidak 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 utilised. At the end of
Kelompok Usaha menilai kembali aset pajak each reporting period, the Group reassesses
tangguhan yang tidak diakui. Kelompok Usaha unrecognised deferred tax assets. The Group
mengakui aset pajak tangguhan yang recognises previously unrecognised deferred
sebelumnya tidak diakui apabila besar tax assets to the extent that it has become
kemungkinan bahwa laba fiskal pada masa probable that future taxable profit will allow the
depan akan tersedia untuk pemulihannya. deferred tax assets to be recovered.
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 period operations, except to the extent that they
usaha periode 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.
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Halaman 40 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
o. Perpajakan (lanjutan) o. Taxation (continued)
Pajak pertambahan nilai (“PPN”) Value added tax (“VAT”)
Pendapatan, beban dan aset diakui setelah Revenues, expenses and assets are
dikurangi dengan jumlah PPN, kecuali: recognised net of the amount of VAT except:
• Dimana PPN yang timbul dari pembelian • Where the VAT incurred on a purchase of
aset atau jasa tidak dapat diklaim ke Kantor assets or services is not recoverable from
Pajak, dimana PPN diakui sebagai bagian the Tax Office, in which case the VAT is
dari biaya perolehan aset atau sebagai recognised as part of the cost of acquisition
beban. of the asset or as part of the expense item
as applicable.
• Piutang dan utang yang diakui termasuk • Receivables and payables that are stated
PPN. with the amount of VAT included.
p. Pelaporan segmen p. Segment reporting
Kelompok Usaha mengidentifikasikan segmen The Group identifies its operating segments on
operasi berdasarkan pelaporan internal yang the basis of internal reports that are regularly
direviu secara reguler oleh pengambil reviewed by the Group's chief operating
keputusan operasional dalam mengalokasikan decision-maker in order to allocate resources to
sumber daya dan menilai kinerja segmen the segment and assess its performance.
operasi Kelompok Usaha.
Usaha Kelompok Usaha dikelompokkan The Group’s businesses are grouped into three
menjadi tiga kelompok usaha utama: usaha major operating businesses: cement, ready-mix
semen, beton siap pakai dan tambang agregat. concrete and aggregates quarries. Financial
Informasi keuangan mengenai segmen operasi information on operating segments is presented
disajikan pada Catatan 22. in Note 22.
q. Biaya penerbitan saham q. Stock issuance costs
Semua biaya yang berhubungan dengan All costs related to the issuance of equity
penerbitan efek ekuitas mengurangi tambahan securities are offset against additional paid-in
modal disetor. capital.
r. Laba per saham r. Earnings per share
Jumlah laba per saham dasar dihitung dengan The amount of the basic earnings per share is
membagi laba tahun berjalan yang dapat computed by dividing the profit for the year
diatribusikan kepada pemilik Entitas Induk attributable to the owners of the Parent by the
dengan jumlah rata-rata tertimbang saham weighted-average number of shares
yang beredar pada tahun yang bersangkutan, outstanding during the year, excluding treasury
setelah dikurangi saham tresuri. shares.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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Halaman 41 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICY
MATERIAL (lanjutan) INFORMATION (continued)
s. Provisi s. Provisions
Provisi diakui jika Kelompok Usaha memiliki A provision is recognised when the Group has
kewajiban kini (baik secara hukum maupun a present obligation (legal or constructive)
bersifat konstruktif) sebagai akibat peristiwa where, as a result of a past event, it is probable
masa lalu, dimana ada kemungkinan bahwa that an outflow of resources embodying
untuk penyelesaian kewajiban tersebut economic benefits will be required to settle the
diperlukan arus keluar sumber daya yang obligation, and a reliable estimate can be made
mengandung manfaat ekonomi, dan jumlah of the amount of the obligation.
kewajiban tersebut dapat diestimasi secara
andal.
Provisi direviu pada setiap akhir periode All provisions are reviewed at the end of each
pelaporan dan disesuaikan untuk reporting period and adjusted to reflect the
mencerminkan estimasi kini terbaik. Jika tidak current best estimate. If it is no longer probable
lagi terdapat kemungkinan arus keluar sumber that an outflow of resources embodying
daya yang mengandung manfaat ekonomi economic benefits will be required to settle the
untuk menyelesaikan kewajiban tersebut, obligations, the provisions are reversed.
provisi dibatalkan.
t. Saham tresuri t. Treasury shares
Ketika Perusahaan atau anggota lainnya dalam When the Company or other members of the
kelompok usaha memperoleh modal saham group acquires the Company's equity share
ekuitas Perusahaan, imbalan yang dibayarkan, capital, the consideration paid, including any
termasuk setiap biaya tambahan yang dapat directly attributable incremental costs (net of
diatribusikan secara langsung (setelah pajak income taxes), is deducted from equity. In the
penghasilan), dikurangkan dari ekuitas. Dalam consolidated financial statements, the
laporan keuangan konsolidasian, kepemilikan Company's and subsidiaries’ interests in the
Perusahaan dan entitas anak atas instrumen Company’s equity instruments are presented as
ekuitas milik Perusahaan disajikan sebagai "treasury shares". No gain or loss is recognised
"saham tresuri". Tidak ada keuntungan atau on the purchase, sale, or cancellation of the
kerugian yang diakui atas pembelian, treasury stock. The difference between the
penjualan, atau pembatalan saham tresuri. acquisiton cost and the consideration on sale or
Selisih antara biaya perolehan dan imbalan the par value at the time of their cancellation is
penjualan atau nilai nominal pada saat recognised as additional paid-in capital.
pembatalan saham tresuri diakui sebagai
tambahan modal disetor.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. MANAGEMENT’S USE OF SIGNIFICANT
DAN ASUMSI SIGNIFIKAN OLEH MANAJEMEN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
Penyusunan laporan keuangan konsolidasian The preparation of the Group’s consolidated
Kelompok Usaha mensyaratkan manajemen untuk financial statements requires management to make
membuat pertimbangan, estimasi dan asumsi yang judgments, estimates and assumptions that affect
mempengaruhi jumlah yang dilaporkan atas the reported amounts of revenues, expenses,
pendapatan, beban, aset dan liabilitas, serta assets and liabilities, and the disclosure of
pengungkapan liabilitas kontinjensi, pada akhir contingent liabilities, at the end of the reporting
periode pelaporan. Namun, ketidakpastian asumsi period. However, uncertainty about these
dan estimasi ini dapat menyebabkan hasil yang assumptions and estimates could result in
memerlukan penyesuaian material atas nilai tercatat outcomes that require a material adjustment to the
aset atau liabilitas yang berdampak pada masa carrying amount of the assets or liabilities affected
mendatang. in future years.
a. Pertimbangan a. Judgments
Dalam proses penerapan kebijakan akuntansi In the process of applying the Group’s
Kelompok Usaha, manajemen telah membuat accounting policies, management has made
pertimbangan-pertimbangan berikut ini, yang the following judgments, apart from those
terpisah dari estimasi dan asumsi, yang including estimations and assumptions, which
memiliki pengaruh paling material terhadap have the most material effect on the amounts
jumlah yang dicatat dalam laporan keuangan recognised in the consolidated financial
konsolidasian: statements:
• Sewa • Leases
Penentuan apakah suatu perjanjian Determination whether an arrangement is, or
merupakan, atau mengandung, sewa dibuat contains, a lease is made based on the
berdasarkan substansi perjanjian itu sendiri substance of the arrangement and
dan penilaian apakah pemenuhan atas assessment of whether fulfilment of the
perjanjian bergantung dari penggunaan aset arrangement is dependent on the use of a
tertentu atau aset, dan apakah perjanjian specific asset or assets, and the
memberikan hak untuk menggunakan aset. arrangement conveys a right to use the
asset.
Dalam menentukan jangka waktu sewa, In determining the lease term, the Group
Kelompok Usaha mempertimbangkan considers all facts and circumstances that
semua fakta dan keadaan yang create an economic incentive to exercise an
menimbulkan insentif ekonomi untuk extension option, or not exercise a
menggunakan opsi perpanjangan, atau termination option. Extension options (or
tidak menggunakan opsi penghentian. Opsi periods after termination options) are only
perpanjangan (atau periode setelah opsi included in the lease term if the lease is
penghentian kontrak) hanya termasuk reasonably certain to be extended (or not
dalam jangka waktu sewa jika cukup pasti terminated).
akan diperpanjang (atau tidak dihentikan).
Penilaian tersebut ditinjau jika terjadi The assessment is reviewed if a material
peristiwa material atau perubahan material event or a material change in circumstances
dalam situasi yang memengaruhi penilaian occurs which affects this assessment and
ini dan berada dalam kendali Kelompok that is within the control of the Group. For the
Usaha. Untuk tahun yang berakhir pada year ended 31 December 2025, there was
tanggal 31 Desember 2025, terdapat changes to the lease term which is increase
perubahan yang mengakibatkan the scope of lease which resulted into
peningkatan aset hak-guna dan liabilitas increase of right-of-use assets and lease
sewa sebesar Rp169.629. liabilities of Rp169,629.
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Halaman 43 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. MANAGEMENT’S USE OF SIGNIFICANT
DAN ASUMSI SIGNIFIKAN OLEH MANAJEMEN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
a. Pertimbangan (lanjutan) a. Judgments (continued)
• Sewa (lanjutan) • Leases (continued)
Terutama untuk sewa pabrik semen yang In particular to the lease of the cement plant
dilakukan oleh Kelompok Usaha selama that was entered into by the Group during
tahun berjalan, pertimbangan yang material the year, material judgment was required in
diperlukan dalam menentukan perlakuan determining the accounting for the
akuntansi untuk transaksi tersebut karena transaction as the Group also entered into
Kelompok Usaha juga menandatangani other arrangements with the lessor, such as
perjanjian lainnya dengan pesewa, seperti purchase of raw materials and outsourcing
pembelian bahan baku dan jasa penyediaan of employees.
karyawan.
• Pengaruh signifikan atas entitas dimana • Significant influence of entity in which the
Kelompok Usaha mempunyai kepemilikan Group holds 50.0%
sebesar 50,0%
Kelompok Usaha memiliki investasi dimana The Group has investments whereby its
persentase kepemilikan efektifnya sebesar percentage of effective ownership is 50.0%
50,0% tetapi Kelompok Usaha tidak but the Group does not have significant
memiliki kekuasaan yang signifikan untuk power to control the entity. Such situations
mengendalikan entitas tersebut. Situasi ini are generally indicated by the inability direct
pada umumnya diindikasikan dari the relevant activities where it may
ketidakmampuan untuk mengarahkan significantly affect these entity’s returns.
aktivitas relevan yang mempengaruhi imbal Consequently, this investment was classified
hasil entitas tersebut secara signifikan. as an associate.
Sebagai akibatnya, investasi ini
diklasifikasikan sebagai entitas asosiasi.
b. Estimasi dan asumsi b. Estimates and assumptions
Asumsi kunci mengenai masa depan dan The key assumptions concerning the future
sumber kunci lainnya untuk ketidakpastian and other key sources of estimation
estimasi pada akhir periode pelaporan yang uncertainty at the end of the reporting period
memiliki risiko signifikan yang menyebabkan that have a significant risk of causing a material
penyesuaian material terhadap nilai tercatat adjustment to the carrying amounts of assets
aset dan liabilitas dalam tahun pelaporan and liabilities within the next financial year are
berikutnya dijabarkan sebagai berikut: discussed below:
• Estimasi masa manfaat aset tetap • Estimating useful lives of fixed assets
Kelompok Usaha mengestimasi masa The Group estimates the useful lives of its
manfaat dari aset tetap berdasarkan fixed assets based on expected asset
utilisasi dari aset yang diharapkan dapat utilization as anchored on business plans
didukung dengan rencana dan strategi and strategies that also consider expected
usaha yang juga mempertimbangkan future technological developments and
perkembangan teknologi di masa depan market behavior. The estimation of the
dan perilaku pasar. Estimasi dari masa useful lives of fixed asset is based on the
manfaat aset tetap adalah berdasarkan Group’s collective assessment of industry
penelaahan Kelompok Usaha secara practice, internal technical evaluation and
kolektif terhadap praktek industri, evaluasi experience with similar assets.
teknis internal dan pengalaman untuk aset
yang setara.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. MANAGEMENT’S USE OF SIGNIFICANT
DAN ASUMSI SIGNIFIKAN OLEH MANAJEMEN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
• Estimasi masa manfaat aset tetap • Estimating useful lives of fixed assets
(lanjutan) (continued)
Estimasi masa manfaat direviu paling The estimated useful lives are reviewed at
sedikit setiap akhir tahun pelaporan dan least at each financial year end and are
diperbarui jika ekspektasi berbeda dari updated if expectations differ from previous
estimasi sebelumnya dikarenakan estimates due to physical wear and tear,
pemakaian dan kerusakan fisik, keusangan technical or commercial obsolescence and
secara teknis atau komersial dan legal or other limitations on the use of the
pembatasan hukum atau lainnya atas assets. It is possible, however, that future
penggunaan aset. Tetapi, adalah mungkin, results of operations could be materially
hasil operasi di masa depan dapat affected by changes in the estimates brought
dipengaruhi secara material oleh about by changes in the factors mentioned
perubahan-perubahan dalam estimasi yang above.
diakibatkan oleh perubahan faktor-faktor
yang disebutkan di atas.
Jumlah dan saat beban dicatat setiap tahun The amounts and timing of recorded
akan terpengaruh oleh perubahan atas expenses for any year will be affected by
faktor-faktor dan situasi tersebut. changes in these factors and circumstances.
Pengurangan dalam estimasi masa A reduction in the estimated useful lives of
manfaat dari aset tetap Kelompok Usaha the Group’s fixed assets will increase the
akan meningkatkan beban usaha dan recorded operating expenses and decrease
menurunkan aset tidak lancar yang dicatat. non-current assets.
• Estimasi cadangan untuk penurunan nilai • Estimating allowance for impairment of
atas piutang receivables
Tingkat provisi yang spesifik dievaluasi oleh The level of a specific provision is evaluated
manajemen dengan dasar faktor-faktor by management on the basis of factors that
yang mempengaruhi tingkat tertagihnya affect the collectibility of the accounts. In
piutang tersebut. Dalam kasus ini, these cases, the Group uses judgement
Kelompok Usaha menggunakan based on the best available facts and
pertimbangan berdasarkan fakta dan circumstances including, but not limited to,
kondisi terbaik yang tersedia meliputi, tetapi the length of the Group’s relationship with
tidak terbatas pada, jangka waktu hubungan the customers and customers’ credits status
Kelompok Usaha dengan pelanggan dan based on third-party credit reports and
status kredit pelanggan berdasarkan known market factors, to record specific
laporan dari pihak ketiga dan faktor-faktor reserves for customers against amounts due
pasar yang telah diketahui, untuk mencatat in order to reduce the Group’s receivables to
pencadangan spesifik untuk pelanggan amounts that it expects to collect.
terhadap jumlah jatuh tempo untuk
mengurangi piutang Kelompok Usaha
menjadi jumlah yang diharapkan tertagih.
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31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. MANAGEMENT’S USE OF SIGNIFICANT
DAN ASUMSI SIGNIFIKAN OLEH MANAJEMEN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
• Estimasi cadangan untuk penurunan nilai • Estimating allowance for impairment of
atas piutang (lanjutan) receivables (continued)
Pencadangan secara spesifik ini dievaluasi These specific reserves are re-evaluated
kembali dan disesuaikan jika terdapat and adjusted as additional information
informasi tambahan yang diterima yang received affects the amounts estimated. In
memengaruhi jumlah yang diestimasikan. addition to specific provision against
Selain provisi khusus terhadap piutang yang individually significant receivables, the
signifikan secara individual, Kelompok Group also recognises a collective
Usaha juga mengakui provisi penurunan impairment provision against credit
nilai secara kolektif terhadap risiko kredit exposure of its debtors which are grouped
debitur yang dikelompokkan berdasarkan based on common credit characteristics,
karakteristik kredit yang sama, dan and although not specifically identified as
meskipun tidak secara spesifik diidentifikasi requiring a specific provision, have a greater
membutuhkan provisi khusus, memiliki risk of default than when the receivables
risiko gagal bayar lebih tinggi daripada were originally granted to the debtors.
ketika piutang pada awalnya diberikan
kepada debitur.
Kelompok Usaha menerapkan pendekatan The Group applies simplified approach to
yang disederhanakan untuk mengukur measuring expected credit losses which
kerugian kredit ekspektasian yang uses a lifetime expected loss allowance for
menggunakan cadangan kerugian kredit all other receivables. In determining
ekspektasian sepanjang umur piutang untuk expected credit losses, management is
seluruh piutang lain-lain. Dalam penentuan required to exercise judgement in making
kerugian kredit ekspektasian, manajemen assumptions and estimates to incorporate
diharuskan untuk menggunakan relevant information about past events,
pertimbangan dalam pembuatan asumsi current conditions and forecasts of
dan estimasi, untuk menghubungkan economic conditions.
informasi yang relevan tentang kejadian
masa lalu, kondisi terkini dan perkiraan atas
kondisi ekonomi.
• Sewa • Leases
Karena Kelompok Usaha tidak dapat Since the Group could not readily determine
dengan mudah menentukan suku bunga the implicit rate, management uses the
implisit, manajemen menggunakan suku Group's incremental borrowing rate as a
bunga pinjaman inkremental Kelompok discount rate. There are a number factors to
Usaha sebagai tingkat diskonto. Ada consider in determining an incremental
beberapa faktor yang perlu dipertimbangkan borrowing rate, many of which need
dalam menentukan suku bunga pinjaman judgement in order to be able to reliably
inkremental, yang banyak di antaranya quantify any necessary adjustments to arrive
memerlukan pertimbangan untuk dapat at the final discount rates.
secara andal mengukur penyesuaian yang
diperlukan untuk sampai pada tingkat
diskonto akhir.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. MANAGEMENT’S USE OF SIGNIFICANT
DAN ASUMSI SIGNIFIKAN OLEH MANAJEMEN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
• Sewa (lanjutan) • Leases (continued)
Dalam menentukan suku bunga pinjaman In determining incremental borrowing rate,
inkremental, Kelompok Usaha the Group considers the following main
mempertimbangkan faktor-faktor utama factors: the Group’s corporate credit risk, the
berikut: risiko kredit korporat Kelompok lease term, the economic environment, the
Usaha, jangka waktu sewa, lingkungan time at which the lease is entered into and
ekonomi, waktu di mana sewa dimulai dan the currency in which the lease payments
mata uang pembayaran sewa. are denominated.
• Estimasi beban pensiun dan imbalan kerja • Estimation of pension cost and other
lainnya employee benefits
Beban dari program pensiun dan nilai kini The pension cost and the present value of
dari kewajiban pensiun ditentukan dengan the pension obligation are determined using
menggunakan metode projected-unit- the projected-unit-credit method. Actuarial
credit. Penilaian aktuaris termasuk valuation includes making various
membuat variasi asumsi yang terdiri dari, assumptions which consist of, among other
antara lain, tingkat diskonto, tingkat things, discount rates, expected rates of
pengembalian dana pensiun yang return on plan assets, rates of compensation
diharapkan, tingkat kenaikan kompensasi increases and mortality rates. Due to the
dan tingkat kematian. Dikarenakan complexity of the valuation and its underlying
kompleksitas dari penilaian dan dasar
assumptions and long-term nature, a defined
asumsinya dan periode jangka panjang,
kewajiban manfaat pasti sangat sensitif benefit obligation is highly sensitive to
terhadap perubahan asumsi. changes in assumptions.
Meskipun Kelompok Usaha percaya bahwa While the Group believes that its
asumsi mereka adalah wajar dan tepat, assumptions are reasonable and
perbedaan signifikan dalam pengalaman appropriate, significant differences in the
aktual Kelompok Usaha atau perubahan Group’s actual experience or significant
signifikan dalam asumsi dapat changes in its assumptions may materially
mempengaruhi secara material beban dan affect the costs and obligations of pension
kewajiban pensiun dan imbalan kerja and other long-term employee benefits. All
jangka panjang lainnya. Semua asumsi assumptions are reviewed at each reporting
direviu pada setiap tanggal pelaporan.
date.
• Estimasi beban pembongkaran aset tetap • Estimation for dismantling costs
Kelompok Usaha telah mengakui provisi The Group has recognised a provision for
untuk pembongkaran aset tetap terminal dismantling costs associated with its
semen dan pabrik beton siap pakai. Dalam cement terminals and batching plants for
menentukan nilai wajar dari provisi ready-mix concrete. In determining the fair
tersebut, maka asumsi dan estimasi dibuat value of the provision, assumptions and
sehubungan dengan tingkat diskonto, estimates are made in relation to discount
taksiran biaya dan waktu pembongkaran rates, the expected costs to dismantle and
dan pemindahan aset tetap terkait. remove the terminals and plants from the
Ketidakpastian ini dapat menimbulkan sites and the expected timing of those
perbedaan antara pengeluaran aktual costs. These uncertainties may result in
dengan jumlah yang dicadangkan saat ini. future actual expenditure differing from the
Jumlah yang dicadangkan pada tanggal amounts currently provided. The provision
pelaporan merupakan estimasi terbaik dari at reporting date represents management’s
manajemen untuk nilai kini atas beban best estimate of the present value of the
pembongkaran aset tetap masa depan. future dismantling cost required.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 47 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. MANAGEMENT’S USE OF SIGNIFICANT
DAN ASUMSI SIGNIFIKAN OLEH MANAJEMEN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
• Penurunan nilai aset non-keuangan dan • Impairment of non-financial assets and
goodwill goodwill
Penurunan nilai terjadi ketika nilai tercatat An impairment exists when the carrying
suatu aset atau UPK melebihi nilai value of an asset or its CGU exceeds its
terpulihkan, yaitu jumlah yang lebih tinggi recoverable amount, which is the higher of
antara nilai wajar setelah dikurangi biaya its fair value less costs to sell and its value
untuk menjual dan nilai pakainya. Nilai in use. The fair value less costs to sell
wajar setelah dikurangi biaya untuk calculation is based on available data from
menjual dihitung berdasarkan data yang binding sales transactions in arm’s length
tersedia dari transaksi penjualan yang transactions of similar assets or observable
mengikat dan dilakukan secara arm’s market prices less incremental costs for
length atas aset sejenis atau harga pasar disposing of the asset.
yang dapat diobservasi dikurangi
tambahan biaya untuk melepaskan aset
tersebut.
Perhitungan nilai pakai didasarkan pada The value in use calculation is based on a
model arus kas yang didiskontokan. Nilai discounted cash flow model. The
terpulihkan paling dipengaruhi oleh tingkat recoverable amount calculation is sensitive
diskonto dan tingkat pertumbuhan jangka to the discount rate and long-term growth
panjang yang digunakan dalam model arus rate used for the discounted cash flow
kas yang didiskontokan, sebagaimana juga model, as well as the expected future cash
jumlah arus kas masuk di masa depan inflows and the growth rate used for
yang diharapkan dan tingkat pertumbuhan extrapolation purposes. The key
yang digunakan untuk tujuan ekstrapolasi. assumptions used to determine the
Asumsi-asumsi kunci yang digunakan recoverable amount of the Group’s CGUs
untuk menentukan nilai terpulihkan dari for which the carrying amount of goodwill
UPK Kelompok Usaha, dimana jumlah allocated to that unit, is disclosed in
tercatat goodwill dialokasikan ke unit Note 21.
tersebut diungkapkan pada Catatan 21.
• Amortisasi aset takberwujud • Amortisation of intangible assets
Manajemen menentukan estimasi masa Management determines the estimated
manfaat dan biaya amortisasi terkait aset useful lives and related amortisation
takberwujud manfaat terbatas dengan charges for finite intangible assets
mempertimbangkan faktor-faktor seperti considering factors such as future economic
manfaat ekonomi masa depan yang benefits generated from the assets and
dihasilkan dari aset tersebut dan keusangan technology obsolescence. Management will
teknologi. Manajemen akan merevisi biaya revise the amortisation charges if useful
amortisasi jika masa manfaat berbeda lives are different to those previously
dengan yang diperkirakan sebelumnya, atau estimated, or it will write-off or writedown
akan menghapusbukukan atau menurunkan those assets which can no longer generate
nilai aset yang tidak dapat lagi menghasilkan future economic benefits.
manfaat ekonomi di masa depan.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 48 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN PERTIMBANGAN, ESTIMASI 3. MANAGEMENT’S USE OF SIGNIFICANT
DAN ASUMSI SIGNIFIKAN OLEH MANAJEMEN JUDGMENTS, ESTIMATES AND ASSUMPTIONS
(lanjutan) (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
• Perpajakan • Taxation
Kelompok Usaha beroperasi di bawah The Group operates under the tax
peraturan perpajakan di Indonesia. regulations in Indonesia. Material
Pertimbangan yang material diperlukan judgement is required in determining the
untuk menentukan provisi pajak provision for corporate income taxes and
penghasilan badan dan pajak lainnya. other taxes. Where the final tax outcome of
Apabila keputusan final atas pajak tersebut these matters is different from the amounts
berbeda dari jumlah yang pada awalnya that were initially recorded, such differences
dicatat, perbedaan tersebut akan dicatat di will be recorded in profit or loss in the period
laba rugi pada periode dimana hasil tersebut in which such determination is made.
dikeluarkan.
• Nilai wajar atas sisa kepemilikan investasi • Fair value of retained investment as a result
dari kehilangan pengendalian pada entitas of loss control of a subsidiary
anak
Pengakuan awal atas investasi pada entitas The initial recognition of an investment in an
asosiasi yang timbul dari transaksi divestasi associate arising from a divestment
yang mengakibatkan Kelompok Usaha transaction that results in the Group’s loss
kehilangan pengendalian pada entitas anak of control over a subsidiary requires the
mengharuskan pengukuran pada nilai wajar retained interest to be measured at fair
pada tanggal kehilangan pengendalian atas value at the date control is lost. The fair
entitas anak tersebut. Nilai wajar atas sisa value of the retained investment is
kepemilikan investasi dilakukan dengan determined using a discounted cash flow
menggunakan model arus kas yang model based on the present value of
didiskontokan yang didasarkan pada nilai expected future cash flows. This valuation
kini dari estimasi arus kas masa depan yang involves significant estimates in determining
diharapkan. Penilaian ini melibatkan key assumptions, including the discount
estimasi signifikan dalam penentuan rate, revenue growth rate, and valuation
asumsi-asumsi kunci seperti tingkat discounts applied in assessing the fair value
diskonto, tingkat pertumbuhan pendapatan of an investment in a private company. In
dan diskon yang diterapkan dalam performing the fair value assessment,
mengukur nilai wajar investasi pada management engaged an independent
perusahaan tertutup. Dalam melakukan appraiser.
penilaian nilai wajar, manajemen melibatkan
penilai independen.
Perubahan atas asumsi‑asumsi utama yang Any changes in the key assumptions used
digunakan dalam penilaian nilai wajar dapat in the fair value assessment might impact
berdampak pada pengakuan awal atas the initial recognition of the investment.
investasi tersebut.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 49 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
Rincian kas dan setara kas adalah sebagai berikut: The details of cash and cash equivalents are as
follows:
2025 2024
Kas 542 503 Cash on hand
Kas di bank 1.889.005 1.967.332 Cash in banks
Deposito jangka pendek 3.983.201 2.528.712 Short-term bank deposits
5.872.748 4.496.547
Kas di bank Cash in banks
Pihak ketiga Third parties
Rupiah: Rupiah:
PT Bank Mandiri (Persero) Tbk 586.061 1.169.151 PT Bank Mandiri (Persero) Tbk
Standard Chartered Bank, Standard Chartered Bank,
Cabang Indonesia 465.378 148.697 Indonesia Branch
PT Bank Central Asia Tbk 463.941 358.929 PT Bank Central Asia Tbk
Citibank, N.A. Cabang Indonesia 325.324 269.275 Citibank. N.A. Indonesia Branch
Lain-lain 13.209 5.715 Others
1.853.913 1.951.767
USD: USD:
Standard Chartered Bank, Standard Chartered Bank,
Cabang Indonesia 28.429 13.543 Indonesia Branch
Lainnya: Others:
Standard Chartered Bank, Standard Chartered Bank,
Cabang Indonesia 6.663 2.022 Indonesia Branch
Jumlah kas di bank 1.889.005 1.967.332 Total cash in banks
Deposito jangka pendek Short-term bank deposits
Pihak ketiga Third parties
Rupiah: Rupiah:
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 1.000.000 935.000 (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 691.000 125.000 (Persero) Tbk
PT Bank OCBC NISP Tbk 566.000 74.000 PT Bank OCBC NISP Tbk
PT Bank Danamon Indonesia Tbk 550.000 - PT Bank Danamon Indonesia Tbk
PT Bank Maybank Indonesia Tbk 300.000 360.000 PT Bank Maybank Indonesia Tbk
PT Bank Mega Tbk 250.000 100.000 PT Bank Mega Tbk
PT Bank SMBC Indonesia Tbk 192.000 19.500 PT Bank SMBC IndonesiaTbk
PT Bank CIMB Niaga Tbk - 700.000 PT Bank CIMB Niaga Tbk
PT Bank Permata Tbk - 50.000 PT Bank Permata Tbk
3.549.000 2.363.500
Pihak ketiga (lanjutan) Third parties (continued)
USD: USD:
PT Bank Mega Tbk 401.761 - PT Bank Mega Tbk
PT Bank Maybank Indonesia Tbk 20.138 156.771 PT Bank Maybank Indonesia Tbk
421.899 156.771
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 50 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
Rincian kas dan setara kas adalah sebagai berikut The details of cash and cash equivalents are as
(lanjutan): follows (continued):
2025 2024
Deposito jangka pendek Short-term bank deposits
EUR: EUR:
PT Bank DBS Indonesia 12.302 8.441 PT Bank DBS Indonesia
Jumlah deposito jangka pendek 3.983.201 2.528.712 Total short-term bank deposits
Pada tanggal 31 Desember 2025 dan 2024, tidak As of 31 December 2025 and 2024, none of the
ada kas dan setara kas Kelompok Usaha yang Group’s cash and cash equivalents are restricted in
dibatasi penggunaannya atau ditempatkan pada use or held by related parties.
pihak-pihak berelasi.
Kisaran tingkat suku bunga tahunan deposito jangka Ranges of interest rates per annum of short-term
pendek tahun 2025 dan 2024 adalah sebagai bank deposits in 2025 and 2024 are as follows:
berikut:
2025 2024
Rupiah 4,75% - 6,75% 5,75% - 7,00% Rupiah
USD 4,00% - 5,00% 4,40% - 5,75% USD
EUR 1,42% - 2,73% 2,73% EUR
Pendapatan bunga yang berasal dari kas di bank Interest income from cash in banks and short-term
dan deposito jangka pendek disajikan sebagai bank deposits is presented as part of “finance
bagian dari “pendapatan keuangan” pada laporan income” in the consolidated statements of profit or
laba rugi dan penghasilan komprehensif lain loss and other comprehensive income.
konsolidasian.
5. PIUTANG USAHA 5. TRADE RECEIVABLES
Rincian piutang usaha adalah sebagai berikut: The details of trade receivables are as follows:
2025 2024
Pihak berelasi (Catatan 26) Related parties (Note 26)
HM Trading Global APAC Pte. Ltd. 10.993 7.015 HM Trading Global APAC Pte. Ltd.
Pihak ketiga Third parties
Usaha semen Cement business
PT Adhimix Precast Indonesia 505.752 570.200 PT Adhimix Precast Indonesia
PT Bangunsukses Niagatama PT Bangunsukses Niagatama
Nusantara 128.956 189.371 Nusantara
Lain-lain (masing-masing dibawah Others (each below 5% from
5% dari jumlah per segmen) 1.982.388 1.854.702 total per segment)
Sub-jumlah usaha semen 2.617.096 2.614.273 Sub-total cement business
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 51 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG USAHA (lanjutan) 5. TRADE RECEIVABLES (continued)
Rincian piutang usaha adalah sebagai berikut: The details of trade receivables are as follows:
(lanjutan) (continued)
2025 2024
Pihak ketiga Third parties
Usaha beton siap pakai Ready-mix concrete
PT Girder Indonesia 22.927 35.681 PT Girder Indonesia
PT Pembangunan Perumahan PT Pembangunan Perumahan
(Persero) Tbk 13.354 23.515 (Persero) Tbk
PT Industri Pameran Nusantara 452 33.616 PT Industri Pameran Nusantara
Lain-lain (masing-masing dibawah Others (each below 5% from
5% dari jumlah per segmen) 323.013 334.349 total per segment)
Sub-jumlah usaha beton siap pakai 359.746 427.161 Sub-total ready-mix concrete
Tambang agregat 4.409 15.316 Aggregates quarries
Jumlah piutang usaha - pihak ketiga 2.981.251 3.056.750 Total trade receivables - third parties
Cadangan kerugian penurunan nilai - Allowance for impairment loss -
pihak ketiga (241.153) (225.546) third parties
Jumlah piutang usaha - pihak ketiga,
neto 2.740.098 2.831.204 Total trade receivables - third parties, net
Jumlah piutang usaha, neto 2.751.091 2.838.219 Total trade receivables, net
Rincian piutang usaha berdasarkan mata uang The details of trade receivables based on currency
adalah sebagai berikut: denominations are as follows:
2025 2024
Pihak berelasi (Catatan 26) Related parties (Note 26)
USD USD
Usaha semen 10.993 7.015 Cement business
Pihak ketiga Third parties
Rupiah Rupiah
Usaha semen 2.617.096 2.614.273 Cement business
Usaha beton siap pakai 359.746 427.161 Ready-mix concrete
Tambang agregat 4.409 15.316 Aggregates quarries
2.981.251 3.056.750
Jumlah piutang usaha 2.992.244 3.063.765 Total trade receivables
Cadangan kerugian penurunan nilai (241.153) (225.546) Allowance for impairment losses
2.751.091 2.838.219
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 52 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG USAHA (lanjutan) 5. TRADE RECEIVABLES (continued)
Karena jatuh temponya yang pendek, jumlah Due to the short-term nature of trade receivables,
tercatat piutang usaha kurang lebih sama dengan their carrying amount approximates their fair values.
nilai wajarnya.
Analisa umur piutang usaha berdasarkan mata uang The aging of trade receivables based on their
adalah sebagai berikut: currency denominations is as follows:
2025
Mata uang/Currency
USD
(Setara Rupiah)/
USD
(Equivalent Jumlah/
Rupiah Rupiah) Total
Lancar 1.998.720 9.735 2.008.455 Current
Jatuh tempo: Overdue:
1 sampai 60 hari 399.481 1.258 400.739 1 to 60 days
61 sampai 180 hari 316.077 - 316.077 61 to 180 days
181 sampai 365 hari 35.538 - 35.538 181 to 365 days
Lebih dari 365 hari 231.435 - 231.435 Over 365 days
Jumlah 2.981.251 10.993 2.992.244 Total
2024
Mata uang/Currency
USD
(Setara Rupiah)/
USD
(Equivalent Jumlah/
Rupiah Rupiah) Total
Lancar 1.982.084 1.600 1.983.684 Current
Jatuh tempo: Overdue:
1 sampai 60 hari 550.328 5.415 555.743 1 to 60 days
61 sampai 180 hari 241.518 - 241.518 61 to 180 days
181 sampai 365 hari 53.478 - 53.478 181 to 365 days
Lebih dari 365 hari 229.342 - 229.342 Over 365 days
Jumlah 3.056.750 7.015 3.063.765 Total
Mutasi akun cadangan kerugian penurunan nilai The movements of the allowance for impairment
piutang usaha adalah sebagai berikut: losses on trade receivables are as follows:
2025 2024
Pihak ketiga Third parties
Saldo awal tahun 225.546 257.303 Balance at beginning of year
Provisi/(pembalikan) Provision/(reversal)
penurunan nilai piutang 16.493 (29.103) for receivables impairment
Penghapusbukuan selama
tahun berjalan (886) (2.654) Write-off during the year
Saldo akhir tahun 241.153 225.546 Balance at end of year
Penurunan nilai secara individual 231.815 224.210 Individual impairment
Penurunan nilai secara kolektif 9.338 1.336 Collective impairment
Jumlah 241.153 225.546 Total
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 53 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG USAHA (lanjutan) 5. TRADE RECEIVABLES (continued)
Piutang individual yang diturunkan nilainya terkait The individually impaired receivables relate to
dengan pelanggan pada segmen semen dan beton customers in cement and ready-mix concrete
siap pakai yang secara tidak terduga mengalami segment, which are in unexpectedly difficult
situasi ekonomi yang sulit. economic situations.
Kelompok Usaha menerapkan cadangan kerugian The Group applies the simplied expected loss
ekspektasian yang disederhanakan seluruh piutang provision for all trade receivables. To measure the
usaha. Untuk mengukur kerugian kredit expected credit losses, trade receivables have been
ekspektasian, piutang usaha telah dikelompokkan grouped based on similar credit risk characteristics
berdasarkan karakteristik risiko kredit dan waktu and the days past due.
jatuh tempo yang serupa.
Berdasarkan hasil penelaahan kolektibilitas akun Based on the review of the collectability of the trade
piutang usaha pada akhir tahun, manajemen receivables at the end of the year, management
berkeyakinan bahwa cadangan kerugian penurunan believed that the allowance for impairment losses on
nilai atas piutang usaha di atas adalah cukup. trade receivables was sufficient.
Pada tanggal 31 Desember 2025 dan 2024, jumlah As of 31 December 2025 and 2024, the trade
piutang usaha yang dijamin oleh bank melalui “Surat receivables guaranteed by the banks through “Surat
Kredit Berdokumen Dalam Negeri” (“SKBDN”) Kredit Berdokumen Dalam Negeri” (“SKBDN”)
masing-masing sebesar Rp12.768 dan Rp15.722 mechanism amounting to Rp12,768 and Rp15,722,
dan melalui surat jaminan masing-masing sebesar respectively and through bank guarantee letter
Rp567.288 dan Rp506.218. amounting to Rp567,288 and Rp506,218,
respectively.
Pada tanggal 31 Desember 2025 dan 2024, tidak As of 31 December 2025 and 2024, there were no
terdapat piutang usaha yang dijaminkan trade receivables used as collateral for any
sehubungan dengan liabilitas apapun. obligations.
6. PERSEDIAAN 6. INVENTORIES
2025 2024
Barang jadi 206.830 218.831 Finished goods
Barang dalam proses 205.255 270.934 Work in process
Bahan baku 680.430 803.228 Raw materials
Bahan bakar dan pelumas 275.545 403.639 Fuel and lubricants
Suku cadang 879.413 974.568 Spare parts
Lain-lain 756 1.482 Others
Jumlah 2.248.229 2.672.682 Total
Cadangan keusangan/kerugian Allowance for inventory
persediaan (71.478) (79.621) obsolescence/losses
Neto 2.176.751 2.593.061 Net
Biaya persediaan yang diakui sebagai beban dan The cost of inventories, recognised as expense and
termasuk dalam “beban pokok pendapatan” sebesar included in “cost of revenues” amounting to
Rp6.044.198 (2024: Rp6.403.952). Rp6,044,198 (2024: Rp6,403,952).
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 54 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PERSEDIAAN (lanjutan) 6. INVENTORIES (continued)
Kecuali untuk persediaan yang dimiliki oleh DAP, With the exception of inventories owned by DAP,
PBI, MSS, BI, LBA, TRUS, dan TBM masing-masing PBI, MSS, BI, LBA, TRUS, dan TBM totaling
sejumlah Rp63.320 dan Rp65.151 pada tanggal Rp63,320 and Rp65,151 as of 31 December 2025
31 Desember 2025 dan 2024, seluruh persediaan and 2024, respectively, all other inventories with a
dengan nilai buku masing-masing sebesar total net book value of Rp2,113,431 and
Rp2.113.431 dan Rp2.527.910 pada tanggal Rp2,527,910 as of 31 December 2025 and 2024,
31 Desember 2025 dan 2024, diasuransikan respectively, are insured against fire and other risks
terhadap risiko kebakaran dan risiko lainnya dalam under a combined insurance policy package.
suatu paket polis asuransi gabungan.
Mutasi cadangan keusangan/kerugian persediaan The movements of the allowance for inventory
adalah sebagai berikut: obsolescence/losses are as follows:
2025 2024
Saldo awal tahun 79.621 84.832 Balance at beginning of year
Cadangan selama tahun berjalan 16.005 3.329 Provision during the year
Pembalikan selama tahun berjalan (4.004) (1.413) Reversal during the year
Dihapusbukukan selama tahun berjalan (20.144) (7.127) Written off during the year
Saldo akhir tahun 71.478 79.621 Balance at end of year
Manajemen berpendapat bahwa cadangan Management believes that the above allowance for
keusangan/kerugian persediaan di atas adalah inventory obsolescence/losses is sufficient to
cukup untuk menurunkan nilai tercatat persediaan reduce the carrying amounts of inventories to their
ke nilai realisasi bersihnya. net realisable values.
Pada tanggal 31 Desember 2025 dan 2024, tidak As of 31 December 2025 and 2024, there were no
terdapat persediaan yang dijaminkan sehubungan inventories used as collateral for any obligations.
dengan liabilitas apapun.
Perusahaan melakukan pembayaran di muka The Company made advance payments to several
kepada beberapa pemasok untuk membeli suppliers for the purchase of certain inventories.
persediaan tertentu. Saldo uang muka pembelian The outstanding balances of the purchase advances
pada tanggal 31 Desember 2025 dan 2024 masing- as of 31 December 2025 and 2024 amounted to
masing adalah sebesar Rp126.033 dan Rp113.880, Rp126,033 and Rp113,880, respectively, are
disajikan sebagai bagian dari “uang muka dan presented as part of “advances and deposits” in the
jaminan” pada laporan posisi keuangan consolidated statement of financial position.
konsolidasian.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 55 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. ASET TETAP 7. FIXED ASSETS
2025
Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/
Beginning balance Additions Deductions Reclassifications Ending balance
Harga perolehan: Cost:
Kepemilikan langsung Direct ownership
Tanah 1.606.032 16.469 (140) 39.709 1.662.070 Land
Pengembangan tanah 413.960 - (3.514) 13.679 424.125 Land improvements
Pengembangan gedung yang
disewa 2.590 - - - 2.590 Leasehold improvements
Tambang 1.367.241 456 - 71.398 1.439.095 Quarry
Bangunan dan prasarana 10.236.781 26.208 (94.680) 251.410 10.419.719 Buildings and structures
Mesin dan peralatan 18.831.893 25.945 (77.960) 431.599 19.211.477 Machinery and equipment
Kapal 166.613 1.132 - - 167.745 Vessels
Alat pengangkutan 1.410.324 284 (65.860) 82.465 1.427.213 Transportation equipment
Furniture, fixtures and office
Perabot dan peralatan kantor 1.802.313 8.824 (19.480) 103.347 1.895.004 equipment
Perkakas dan peralatan lainnya 332.021 2.195 (1.134) 7.164 340.246 Tools and other equipment
Biaya pemugaran kapal 39.895 8.718 - - 48.613 Dry docking costs
Aset dalam pembangunan 1.191.970 866.567 - (999.372) 1.059.165 Construction in progress
Sub-jumlah 37.401.633 956.798 (262.768) 1.399 38.097.062 Sub-total
Aset hak-guna Right-of-use assets
Tanah dan bangunan 439.105 296.951 (119.323) - 616.733 Land and buildings
Mesin dan peralatan 724.237 211.366 (502.524) - 433.079 Machinery and equipment
Kapal 222.098 289.827 (222.098) - 289.827 Vessels
Alat pengangkutan 48.601 20.309 (6.541) (1.399) 60.970 Transportation equipment
Sub-jumlah 1.434.041 818.453 (850.486) (1.399) 1.400.609 Sub-total
Jumlah harga perolehan 38.835.674 1.775.251 (1.113.254) - 39.497.671 Total cost
Akumulasi penyusutan, Accumulated depreciation,
amortisasi dan deplesi: amortisation and depletion:
Kepemilikan langsung Direct ownership
Pengembangan tanah 152.392 18.357 (699) - 170.050 Land improvements
Pengembangan gedung yang
disewa 2.590 - - - 2.590 Leasehold improvements
Tambang 202.127 45.572 - - 247.699 Quarry
Bangunan dan prasarana 3.479.686 239.708 (60.565) - 3.658.829 Buildings and structures
Mesin dan peralatan 11.949.344 589.416 (44.343) 2.282 12.496.699 Machinery and equipment
Kapal 69.625 9.740 - 79.365 Vessels
Alat pengangkutan 1.236.921 60.738 (65.067) (1.604) 1.230.988 Transportation equipment
Furniture, fixtures and office
Perabot dan peralatan kantor 1.576.625 81.089 (13.021) - 1.644.693 equipment
Perkakas dan peralatan lainnya 295.948 12.566 (1.068) - 307.446 Tools and other equipment
Biaya pemugaran kapal 30.008 6.501 - - 36.509 Dry docking costs
Sub-jumlah 18.995.266 1.063.687 (184.763) 678 19.874.868 Sub-total
Aset hak-guna Right-of-use assets
Tanah dan bangunan 264.932 97.880 (99.923) - 262.889 Land and buildings
Mesin dan peralatan 511.850 192.227 (502.524) - 201.553 Machinery and equipment
Kapal 131.665 189.695 (222.098) - 99.262 Vessels
Alat pengangkutan 23.576 19.394 (6.541) (678) 35.751 Transportation equipment
Sub-jumlah 932.023 499.196 (831.086) (678) 599.455 Sub-total
Jumlah akumulasi penyusutan, Total accumulated depreciation,
amortisasi dan deplesi 19.927.289 1.562.883 (1.015.849) - 20.474.323 amortisation and depletion
Penurunan nilai 161.615 - (332) - 161.283 Impairment
Nilai buku 18.746.770 18.862.065 Net book values
Page 481
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 56 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. ASET TETAP (lanjutan) 7. FIXED ASSETS (continued)
2024
Saldo awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/
Beginning balance Additions Deductions Reclassifications Ending balance
Harga perolehan: Cost:
Kepemilikan langsung Direct ownership
Tanah 1.535.887 70.769 (133) (491) 1.606.032 Land
Pengembangan tanah 407.433 - (1.792) 8.319 413.960 Land improvements
Pengembangan gedung yang
disewa 2.590 - - - 2.590 Leasehold improvements
Tambang 1.338.848 - - 28.393 1.367.241 Quarry
Bangunan dan prasarana 9.945.190 2.293 (13.362) 302.660 10.236.781 Buildings and structures
Mesin dan peralatan 18.364.332 12.197 (36.637) 492.001 18.831.893 Machinery and equipment
Kapal 166.613 - - - 166.613 Vessels
Alat pengangkutan 1.386.072 347 (15.355) 39.260 1.410.324 Transportation equipment
Furniture, fixtures and office
Perabot dan peralatan kantor 1.717.840 10.032 (19.218) 93.659 1.802.313 equipment
Perkakas dan peralatan lainnya 313.794 2.565 (3.241) 18.903 332.021 Tools and other equipment
Biaya pemugaran kapal 30.010 9.885 - - 39.895 Dry docking costs
Aset dalam pembangunan 1.321.714 852.960 - (982.704) 1.191.970 Construction in progress
Sub-jumlah 36.530.323 961.048 (89.738) - 37.401.633 Sub-total
Aset hak-guna Right-of-use assets
Tanah dan bangunan 337.856 105.871 (4.622) - 439.105 Land and buildings
Mesin dan peralatan 724.237 - - - 724.237 Machinery and equipment
Kapal 411.814 46.500 (236.216) - 222.098 Vessels
Alat pengangkutan 40.944 20.122 (12.465) - 48.601 Transportation equipment
Sub-jumlah 1.514.851 172.493 (253.303) - 1.434.041 Sub-total
Jumlah harga perolehan 38.045.174 1.133.541 (343.041) - 38.835.674 Total cost
Akumulasi penyusutan, Accumulated depreciation,
amortisasi dan deplesi: amortisation and depletion:
Kepemilikan langsung Direct ownership
Pengembangan tanah 135.296 17.613 (517) - 152.392 Land improvements
Pengembangan gedung yang
disewa 2.590 - - - 2.590 Leasehold improvements
Tambang 159.981 42.146 - - 202.127 Quarry
Bangunan dan prasarana 3.275.769 216.250 (12.333) - 3.479.686 Buildings and structures
Mesin dan peralatan 11.347.946 635.542 (34.144) - 11.949.344 Machinery and equipment
Kapal 59.923 9.702 - - 69.625 Vessels
Alat pengangkutan 1.184.187 67.953 (15.219) - 1.236.921 Transportation equipment
Furniture, fixtures and office
Perabot dan peralatan kantor 1.519.736 75.870 (18.981) - 1.576.625 equipment
Perkakas dan peralatan lainnya 287.742 11.396 (3.190) - 295.948 Tools and other equipment
Biaya pemugaran kapal 24.189 5.819 - - 30.008 Dry docking costs
Sub-jumlah 17.997.359 1.082.291 (84.384) - 18.995.266 Sub-total
Aset hak-guna Right-of-use assets
Tanah dan bangunan 200.475 69.070 (4.613) - 264.932 Land and buildings
Mesin dan peralatan 299.999 211.851 - - 511.850 Machinery and equipment
Kapal 206.969 160.912 (236.216) - 131.665 Vessels
Alat pengangkutan 17.206 18.835 (12.465) - 23.576 Transportation equipment
Sub-jumlah 724.649 460.668 (253.294) - 932.023 Sub-total
Jumlah akumulasi penyusutan, Total accumulated depreciation,
amortisasi dan deplesi 18.722.008 1.542.959 (337.678) - 19.927.289 amortisation and depletion
Penurunan nilai 167.417 - (5.802) - 161.615 Impairment
Nilai buku 19.155.749 18.746.770 Net book values
Page 482
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 57 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. ASET TETAP (lanjutan) 7. FIXED ASSETS (continued)
Aset dalam pembangunan terdiri dari: Construction in progress consists of:
2025 2024
Mesin 562.128 658.448 Machineries
Bangunan dan sarana 300.058 219.161 Buildings and structures
Lain-lain 196.979 314.361 Others
Jumlah 1.059.165 1.191.970 Total
Di bawah ini adalah persentase penyelesaian dan Below are the percentages of completion and
taksiran jangka waktu penyelesaian atas aset dalam estimated completion periods of the construction in
pembangunan: progress:
2025 2024
Taksiran persentase Taksiran persentase
penyelesaian terhadap Taksiran penyelesaian terhadap Taksiran
nilai kontrak/ jangka waktu nilai kontrak / jangka waktu
Estimated percentage penyelesaian/ Estimated percentage penyelesaian/
of completion to Estimated of completion to Estimated
the contract value completion period the contract value completion period
Mesin 3% – 98% 1 – 24 bulan/months 5% – 98% 1 – 24 bulan/months Machineries
Bangunan dan sarana 14% – 98% 1 – 24 bulan/months 20% – 98% 1 – 24 bulan/months Buildings and structures
Lain-lain 5% – 98% 1 – 12 bulan/months 15% – 98% 1 – 12 bulan/months Others
Rincian pelepasan aset tetap adalah sebagai The details of disposals of fixed assets are as
berikut: follows:
2025 2024
Penerimaan dari pelepasan aset tetap 3.804 4.835 Proceeds from disposal of fixed assets
Penghentian pengakuan aset hak-guna 19.400 9 Derecognition of right-of-use assets
Nilai buku (29.337) (5.363) Net book value
Kerugian pelepasan aset
tetap - neto (disajikan sebagai bagian Loss on disposal of fixed assets - net
dari akun “penghasilan lain”) (6.133) (519) (presented as part of “other income”)
Pada bulan Desember 2025, aset tetap dengan nilai In December 2025, fixed assets with net book value
buku sebesar Rp68.068 dihentikan pengakuannya of Rp68,068 were derecognised by the Group
oleh Kelompok Usaha sehubungan dengan following the divestment of 60% interest in MPU (see
pelepasan kepemilikan sebesar 60% pada MPU Note 20).
(lihat Catatan 20).
Beban penyusutan, amortisasi dan deplesi Depreciation, amortisation and depletion expenses
dialokasikan sebagai berikut: were allocated as follows:
2025 2024
Beban pokok pendapatan 1.272.883 1.280.212 Cost of revenues
Beban usaha 290.000 262.747 Operating expenses
Jumlah 1.562.883 1.542.959 Total
Page 483
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 58 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. ASET TETAP (lanjutan) 7. FIXED ASSETS (continued)
Kelompok Usaha mengasuransikan aset tetap dan The Group insured its fixed assets and inventories
persediaan (Catatan 6) terhadap risiko kebakaran (Note 6) against losses from fire and other insurable
dan risiko lainnya dalam beberapa polis gabungan risks under several combined policies, with a total
dengan nilai pertanggungan sekitar Rp1.083.852 insurance coverage of Rp1,083,852 and
dan USD2.845.724.795 pada tanggal 31 Desember USD2,845,724,795 as of 31 December 2025.
2025. Manajemen berpendapat bahwa nilai Management believes that the above insurance
pertanggungan tersebut cukup untuk menutup coverage is adequate to cover possible losses that
kemungkinan kerugian yang timbul dari risiko yang may arise from such risks.
diasuransikan.
Pada tanggal 31 Desember 2025, kapal BI, LBA dan As of 31 December 2025, BI, LBA and CAB’s
CAB dengan nilai buku sebesar Rp88.380 vessels with net book value of Rp88,380 are
diasuransikan terhadap kerusakan lambung dan covered by insurance against damage of Hull and
mesin kapal (Hull and Machinery) dengan nilai Machinery and increased value under blanket
pertanggungan sebesar USD21.149.000. Kapal BI, policies for USD21,149,000. BI, LBA and CAB’s
LBA dan CAB juga diasuransikan dengan vessels are also covered by P&I (Protection and
perlindungan dan penggantian (Protection and Indemnity) insurance including third party losses
Indemnity) termasuk kerugian terhadap pihak ketiga connected with the vessels’ operations with
sehubungan dengan pengoperasian kapal dengan maximum liability of USD3,100,000,000 per vessel
ganti rugi maksimum sebesar USD3.100.000.000 and environmental pollution with maximum liability
per kapal dan terhadap pencemaran lingkungan of USD1,000,000,000 per vessel.
dengan ganti rugi maksimal sebesar
USD1.000.000.000 per kapal.
Manajemen berkeyakinan bahwa tidak terdapat Management believed that there was no impairment
penurunan nilai aset tetap lainnya pada tanggal in the value of fixed assets as of 31 December 2025
31 Desember 2025 dan 2024, kecuali yang and 2024, except as indicated above.
disebutkan di atas.
Pada tanggal 31 Desember 2025 dan 2024, jumlah As of 31 December 2025 and 2024, the total gross
tercatat bruto dari aset tetap Kelompok Usaha yang carrying amount of the Group’s fully depreciated
telah disusutkan penuh masing-masing sebesar fixed assets amounted to Rp9,092,300 and
Rp9.092.300 dan Rp9.040.955. Rp9,040,955, respectively.
Nilai wajar dari tanah dan tanah untuk tambang The fair values of land and land for quarry as of
pada tanggal 31 Desember 2025 dan 2024 lebih 31 December 2025 and 2024 are higher compared
tinggi dibandingkan dengan nilai bukunya masing- to their carrying amounts by Rp6,059,755 and
masing sebesar Rp6.059.755 dan Rp6.293.185, Rp6,293,185, respectively, which has been
yang ditentukan berdasarkan nilai jual objek pajak determined based on the Tax Office’s sale value of
(NJOP) yang diterbitkan oleh Kantor Pajak. tax objects (NJOP).
Kelompok usaha memiliki “Hak Guna Bangunan” The Group owned building/construction rights or
(HGB) dan “Hak Pakai” (HP) atas tanah dengan “Hak Guna Bangunan” (HGB) and land-use rights or
jumlah masing-masing seluas 4.533 dan 4.534 “Hak Pakai” (HP) over land covering approximately
hektar pada tanggal 31 Desember 2025 dan 2024. 4,533 and 4,534 hectares, respectively, as of
Pada tanggal 31 Desember 2025 dan 2024, 31 December 2025 and 2024. As of 31 December
Kelompok Usaha memiliki hak penambangan atau 2025 and 2024, the Group owned mining rights or
“Izin Usaha Pertambangan” (IUP) atas tanah masing “Izin Usaha Pertambangan” (IUP) covering
- masing seluas 12.967 hektar di beberapa lokasi di approximately 12,967 hectares, in several locations
Indonesia, dengan masa berlaku antara 5 hingga 30 in Indonesia, with legal terms ranging from 5 to 30
tahun. Manajemen yakin bahwa kepemilikan hak
years. Management believes that such rights can be
atas tanah dan izin pertambangan tersebut dapat
diperpanjang pada saat berakhirnya masa berlaku extended upon their expiration.
hak dan izin tersebut.
Pada tanggal 31 Desember 2025 dan 2024, tidak As of 31 December 2025 and 2024, there were no
ada aset tetap yang dihentikan dari penggunaan fixed assets that were retired from active use and
aktif dan tidak diklasifikasikan sebagai tersedia not classified as held for sale. At the same date,
untuk dijual. Pada tanggal yang sama, tidak ada none of the fixed assets were used as collateral for
aset tetap yang digunakan sebagai jaminan untuk loans.
pinjaman.
Page 484
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 59 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. UTANG USAHA 8. TRADE PAYABLES
2025 2024
Pihak berelasi (Catatan 26) Related parties (Note 26)
USD: USD:
Usaha semen 17.052 17.804 Cement business
Pihak ketiga Third parties
Rupiah: Rupiah:
Usaha semen 1.246.945 1.377.102 Cement business
Usaha beton siap pakai 243.227 313.388 Ready-mix concrete
Tambang agregat 22.975 18.976 Aggregates quarries
1.513.147 1.709.466
EUR: EUR:
Usaha semen 31.048 16.113 Cement business
USD: USD:
Usaha semen 47.079 46.870 Cement business
Mata uang asing lainnya: Other foreign currencies:
Usaha semen 271 372 Cement business
Jumlah utang usaha - pihak ketiga 1.591.545 1.772.821 Total trade payables - third parties
Jumlah 1.608.597 1.790.625 Total
Kelompok Usaha telah menandatangani perjanjian The Group entered into supplier finance agreements
pembiayaan pemasok dengan Standard Chartered with Standard Chartered Bank, Indonesian Branch
Bank, Cabang Indonesia pada tahun 2016 dan in 2016 and PT Bank Central Asia Tbk in 2022.
PT Bank Central Asia Tbk pada tahun 2022. These agreements are automatically renewed each
Perjanjian ini diperbarui secara otomatis setiap tahun year unless terminated by the Group and the banks.
kecuali dihentikan oleh Kelompok Usaha dan bank. According to the terms and conditions stipulated in
Sesuai dengan syarat dan ketentuan yang the agreement, the banks will make payments to the
ditetapkan dalam perjanjian, bank akan melakukan Group's suppliers, with the following key terms and
pembayaran kepada pemasok Kelompok Usaha, conditions:
dengan syarat dan ketentuan utama sebagai berikut:
• Pemasok Kelompok Usaha yang berpartisipasi • The Group's suppliers participating in the
dalam pengaturan pembiayaan pemasok harus supplier financing arrangement must enter into
menandatangani perjanjian pembiayaan a separate supplier finance agreement with the
pemasok terpisah dengan masing-masing banks, respectively.
bank.
• Tidak ada perbedaan signifikan untuk rentang • There are no significant differences in the range
ketentuan pembayaran antara pemasok yang of payment terms between suppliers
berpartisipasi dalam pengaturan pembiayaan participating in this financing arrangement and
ini dan yang tidak berpartisipasi. those that are not.
• Tidak ada biaya yang dikenakan oleh bank • There are no costs charged by the banks to the
kepada Kelompok Usaha terkait pengaturan Group related to this arrangement.
ini.
Pengaturan ini tidak mengakibatkan penghapusan This arrangement did not result in the derecognition
utang usaha Kelompok Usaha kepada pemasok, of the Group's trade payable to the suppliers, as the
karena kriteria penghapusan sesuai dengan derecognition criteria in accordance with PSAK 109
PSAK 109 tidak terpenuhi. Oleh karena itu, were not fulfilled. Therefore, the Group still
Kelompok Usaha tetap mengakui utang usaha recognises trade payable to the suppliers.
kepada pemasok.
Page 485
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 60 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. UTANG USAHA (lanjutan) 8. TRADE PAYABLES (continued)
2025 2024
Nilai tercatat utang usaha dalam Carrying amount of trade payables
pengaturan pembiayaan under supplier finance
pemasok arrangement
Utang usaha dalam pengaturan Trade payables under supplier
pembiayaan pemasok 634.502 826.948 finance arrangement
Utang usaha yang telah diterima Trade payables of which the supplier
pemasok melalui pelunasan has received payment
dari bank 467.544 577.189 from the banks
9. UTANG LAIN-LAIN 9. OTHER PAYABLES
2025 2024
Pihak berelasi (Catatan 26) 273.540 241.024 Related parties (Note 26)
Pihak ketiga Third parties
Transportasi 448.470 373.542 Transportation
Kontraktor 197.546 262.417 Contractors
Dividen 10.711 10.386 Dividends
Investasi pada entitas asosiasi - 47.250 Investment in associates
Lain-lain 71.783 64.551 Others
Jumlah utang lain-lain - pihak ketiga 728.510 758.146 Total other payables - third parties
Jumlah 1.002.050 999.170 Total
10. AKRUAL 10. ACCRUALS
2025 2024
Biaya pabrikasi 581.753 652.521 Manufacturing cost
Kontraktor 206.129 219.713 Contractors
Pengangkutan dan transportasi 103.326 102.096 Delivery and transportation
Lain-lain 239.656 292.508 Others
Jumlah 1.130.864 1.266.838 Total
11. PERPAJAKAN 11. TAXATION
a. Pajak dibayar di muka a. Prepaid taxes
2025 2024
Pajak pertambahan nilai 5.163 13.980 Value added tax
Pasal 21 24.976 27.236 Article 21
Jumlah 30.139 41.216 Total
Page 486
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 61 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
b. Utang pajak b. Taxes payable
2025 2024
Pajak penghasilan badan: Corporate income taxes:
Pasal 29 270.643 232.385 Article 29
Pasal 25 9.327 2.044 Article 25
279.970 234.429
Pajak lain-lain: Other taxes:
Pajak pertambahan nilai 102.258 33.444 Value added tax
Pasal 21 194 116 Article 21
Pasal 23 6.339 8.451 Article 23
Pasal 22 4.322 4.516 Article 22
Pasal 26 77 81 Article 26
Lain-lain 2.867 3.155 Others
116.057 49.763
Jumlah 396.027 284.192 Total
c. Beban pajak penghasilan c. Income tax expense
2025 2024
Perusahaan The Company
Kini 170.194 214.472 Current
Tangguhan 50.511 58.384 Deferred
220.705 272.856
Entitas anak The Subsidiaries
Kini 248.756 129.440 Current
Tangguhan 18.091 52.775 Deferred
266.847 182.215
Konsolidasian Consolidated
Kini 418.950 343.912 Current
Tangguhan 68.602 111.159 Deferred
487.552 455.071
Page 487
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 62 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi untuk beban pajak penghasilan The reconciliation of income tax expense
diperhitungkan dengan mengalikan laba calculated by multiplying the income before
sebelum beban pajak penghasilan (setelah income tax expense (after the reversal of inter-
pembalikan eliminasi antar perusahaan pada company eliminating entries during consolidation
saat konsolidasi dan laba Entitas Anak yang and income of Subsidiaries subject to final tax on
pendapatannya telah dikenakan pajak bersifat their revenues) by the applicable tax rate of 22%,
final) dengan tarif pajak yang berlaku sebesar with the corporate income tax expense - net as
22%, dengan beban pajak penghasilan badan - shown in the consolidated statement of profit or
neto seperti yang tercantum dalam laporan laba loss and other comprehensive income is as
rugi dan penghasilan komprehensif lain follows:
konsolidasian adalah sebagai berikut:
2025 2024
Laba sebelum beban pajak penghasilan 2.736.333 2.463.018 Income before income tax expense
Rugi/(laba) entitas anak yang
pendapatannya telah dikenakan Loss/(profit) of subsidiaries subject to
pajak final 6.291 (15.797) final tax on their revenues
Laba sebelum pajak penghasilan
Perusahaan dan entitas anak lainnya Income before income tax
setelah dikurangi penghasilan of the Company and other subsidiaries
komprehensif dan laba entitas net comprehensive income
anak yang pendapatannya of subsidiaries subject to
telah dikenakan pajak final 2.742.624 2.447.221 final tax on their revenues
Beban pajak penghasilan sesuai Income tax expense at the
dengan tarif pajak teoritis 603.377 538.389 theoretical tax rate
Pengaruh pajak atas beda tetap: Tax effects on permanent differences:
Beban-beban yang tidak
dapat dikurangkan 20.281 11.905 Non-deductible expenses
Keuntungan atas nilai wajar pada
entitas asosiasi (55.393) - Gain on fair value in associate
Pendapatan bunga yang Interest income already subjected
dikenakan pajak final (45.609) (29.333) to final tax
Bagian atas laba bersih Share of net profit of
entitas asosiasi - neto (8.131) (31.974) associate - net
Perbedaan tarif pajak untuk Difference in the tax rate of
Perusahaan dan entitas anak (26.973) (33.916) the Company and subsidiaries
Jumlah beban pajak penghasilan neto
sesuai dengan laporan laba rugi Income tax expense - net per
dan penghasilan komprehensif consolidated statement of profit or loss
lain konsolidasian 487.552 455.071 and other comprehensive income
Page 488
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 63 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi antara laba sebelum beban pajak The reconciliation between income before
penghasilan, seperti yang disajikan dalam income tax expense, as shown in the
laporan laba rugi dan penghasilan komprehensif consolidated statement of profit or loss and other
lain konsolidasian, dan taksiran penghasilan comprehensive income, and estimated taxable
kena pajak Perusahaan adalah sebagai berikut: income of the Company is as follows:
2025 2024
Laba sebelum beban pajak penghasilan Profit before income tax expense
menurut laporan laba rugi dan per consolidated statement
penghasilan komprehensif of profit or loss and other
lain konsolidasian 2.736.333 2.463.018 comprehensive income
Laba entitas anak sebelum Profit of subsidiaries before
beban pajak penghasilan corporate income tax
badan - neto (1.479.724) (896.997) expense – net
Pembalikan atas jurnal eliminasi Reversal of inter-company consolidation
konsolidasi antar perusahaan - 43.255 eliminating entries
Laba Perusahaan sebelum Profit before income tax
pajak penghasilan 1.256.609 1.609.276 of the Company
Ditambah/(dikurangi): Add/(deduct):
Beda temporer Temporary differences
Cadangan/(pembalikan) untuk Provisions/(reversal) for
piutang tidak tertagih 8.563 (22.629) doubtful accounts
Aset tetap (285.693) (287.325) Fixed assets
Imbalan kerja 23.636 2.044 Employee benefits
Imbalan pensiun (3.893) (15.280) Retirement benefits
Provisi jangka panjang 7.881 34.798 Long-term provisions
Pembalikan untuk keusangan/ Reversal for inventory
kerugian persediaan (9.138) (6.456) obsolescence/losses
Sewa (1.807) 260 Leases
Lain-lain 1.637 (13) Others
Sub-jumlah beda temporer (258.814) (294.601) Sub-total temporary differences
Beda tetap Permanent differences
Beban-beban yang tidak
dapat dikurangkan 42.535 14.790 Non-deductible expenses
Penghasilan yang pajaknya bersifat Income already subjected to
final - neto setelah pajak (133.692) (77.194) final tax - net of tax
Bagian atas laba bersih entitas Equity in net earnings of
asosiasi - neto (10.879) (123.471) associates – net
Sub-jumlah beda tetap (102.036) (185.875) Sub-total permanent differences
Taksiran penghasilan kena pajak Estimated taxable income
Perusahaan 895.759 1.128.800 of the Company
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 64 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
2025 2024
Beban pajak - kini Current income tax expense
Perusahaan 170.194 214.472 Company
Entitas Anak 248.756 129.440 Subsidiaries
Jumlah 418.950 343.912 Total
Pajak dibayar di muka Prepayments of income tax
Perusahaan (58.689) (74.006) Company
Entitas Anak (90.012) (39.093) Subsidiaries
Jumlah (148.701) (113.099) Total
Taksiran utang Estimated corporate income
pajak penghasilan Pasal 29 tax payable Article 29
Perusahaan 111.505 140.466 Company
Entitas Anak 159.137 91.919 Subsidiaries
270.642 232.385
Taksiran tagihan Estimated claim for
pajak penghasilan tax refund
Entitas Anak (393) (1.572) Subsidiaries
Peraturan Menteri Keuangan No. PMK-136 The Minister of Finance Regulation No. PMK136
Tahun 2024 (“PMK-136”) telah disahkan di Year 2024 (“PMK-136”) was enacted in
Indonesia, yurisdiksi di mana Kelompok Usaha Indonesia, the jurisdiction in which the Group is
didirikan, dan mulai berlaku pada 1 Januari 2025. incorporated, and came into effect from 1 January
2025.
Kelompok Usaha berada dalam lingkup aturan The Group is within the scope of the Organisation
model Pilar Dua Organisation for Economic Co- for Economic Co-operation and Development
operation and Development (“OECD”). (“OECD”) Pillar Two model rules. The Group has
Kelompok Usaha telah melakukan penilaian atas performed an assessment of the Group’s
potensi eksposur Kelompok Usaha terhadap potential exposure to Pillar Two income taxes.
pajak penghasilan Pilar Dua. Berdasarkan Based on the assessment, the effective tax rates
penilaian tersebut, tarif pajak efektif pada in the jurisdiction in which the Group operates are
yurisdiksi di mana Kelompok Usaha beroperasi above 15%, hence the Group is not required to
di atas 15%, sehingga Kelompok Usaha tidak pay for additional income tax expense related to
diwajibkan untuk membayar beban pajak Pillar Two.
penghasilan tambahan yang terkait Pilar Dua.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 65 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
d. Aset/(liabilitas) pajak tangguhan d. Deferred tax assets/(liabilities)
2025
(Dibebankan)/
dikreditkan
ke penghasilan
(Dibebankan)/ komprehensif lain/
dikreditkan (Charged)/credited
ke laba rugi/ to other
Saldo awal/ (Charged)/credited comprehensive Saldo akhir/
Beginning balance to profit or loss income Ending balance
Liabilitas pajak tangguhan - neto Deferred tax liabilities - net
Perusahaan: Company:
Liabilitas sewa 93.595 66.083 - 159.678 Lease liabilities
Liabilitas imbalan Long-term employee
kerja jangka panjang 73.005 1.470 (73) 74.402 benefit liabilities
Liabilitas imbalan Short-term employee
kerja jangka pendek 75.334 2.874 - 78.208 benefit liabilities
Cadangan penurunan nilai Allowance for impairment of
piutang dan keusangan/ receivables and inventory
kerugian persediaan 26.486 (126 ) - 26.360 obsolescence/losses
Provisi jangka panjang 25.986 1.733 - 27.719 Long-term provisions
Aset tetap (619.910 ) (60.219 ) - (680.129) Fixed assets
Aset hak-guna (104.690) (64.486) - (169.176) Right-of-use assets
Aset takberwujud (116.372) 3.795 - (112.577) Intangible assets
Lain-lain 29.713 (1.635) - 28.078 Others
(516.853 ) (50.511 ) (73) (567.437 )
Entitas anak: Subsidiaries:
Lain-lain (18.621 ) (12.097 ) 383 (30.335) Others
(535.474 ) (62.608 ) 310 (597.772 )
Aset pajak tangguhan Deferred tax assets
Entitas anak: Subsidiaries:
Lain-lain 30.408 (5.994 ) 175 24.589 Others
(68.602 ) 485
2024
Dibebankan
(Dibebankan)/ ke penghasilan
dikreditkan komprehensif lain/
ke laba rugi/ Charged to other
Saldo awal/ (Charged)/credited comprehensive Saldo akhir/
Beginning balance to profit or loss income Ending balance
Liabilitas pajak tangguhan - neto Deferred tax liabilities - net
Perusahaan: Company:
Liabilitas sewa 175.265 (81.670 ) - 93.595 Lease liabilities
Liabilitas imbalan Long-term employee
kerja jangka panjang 81.024 (5.318 ) (2.701 ) 73.005 benefit liabilities
Cadangan penurunan nilai Allowance for impairment of
piutang dan keusangan/ receivables and inventory
kerugian persediaan 32.884 (6.398 ) - 26.486 obsolescence/losses
Liabilitas imbalan Short-term employee
kerja jangka pendek 72.928 2.406 - 75.334 benefit liabilities
Provisi jangka panjang 18.330 7.656 - 25.986 Long-term provisions
Aset tetap (559.331 ) (60.579 ) - (619.910) Fixed assets
Aset takberwujud (120.167) 3.795 - (116.372) Intangible assets
Aset hak-guna (168.941) 64.251 - (104.690) Right-of-use assets
Lain-lain 12.240 17.473 - 29.713 Others
(455.768 ) (58.384 ) (2.701 ) (516.853 )
Entitas anak: Subsidiaries:
Lain-lain - (18.447 ) (174 ) (18.621) Others
(455.768 ) (76.831 ) (2.875 ) (535.474 )
Aset pajak tangguhan Deferred tax assets
Entitas anak: Subsidiaries:
Lain-lain 64.829 (34.328 ) (93 ) 30.408 Others
(111.159 ) (2.968 )
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 66 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
d. Aset/(liabilitas) pajak tangguhan (lanjutan) d. Deferred tax assets/(liabilities) (continued)
Manajemen berkeyakinan bahwa aset pajak Management believes that the above deferred
tangguhan dapat terpulihkan seluruhnya tax assets can be fully utilised against taxable
melalui penghasilan kena pajak di tahun-tahun income in future years.
yang akan datang.
Aset dan liabilitas pajak tangguhan per Deferred tax assets and liabilities as of 31
31 Desember 2025 telah dihitung dengan December 2025 have been calculated by taking
memperhitungkan tarif pajak yang diharapkan into account the tax rates expected to be
berlaku pada saat realisasi. applicable at the time of realisation.
e. Ketetapan pajak e. Tax assessment
Entitas anak - DAP Subsidiary - DAP
Tahun pajak 2022 2022 fiscal year
Pada April 2024, DAP menerima surat In April 2024, DAP received a tax assessment
ketetapan kurang bayar atas pajak penghasilan letter confirming an underpayment of corporate
badan tahun pajak 2022 sebesar Rp130.707 income tax for the 2022 fiscal year amounting to
terkait dengan transaksi pembelian produk jadi Rp130,707 related to its purchase of finished
dari Perusahaan. Manajemen tidak menyetujui products from the Company. Management did
surat ketetapan pajak tersebut dan mengajukan not agree with this tax assessment and
keberatan ke Kantor Pajak pada bulan Juli submitted an objection to the Tax Office in July
2024. 2024.
Pada Maret 2025, Kantor Pajak menolak In March 2025, Tax Office rejected the
keberatan dari DAP. DAP tidak setuju dengan objections from DAP. DAP did not agree with
hasil keberatan dan mengajukan banding ke the objections results and filed an appeal to the
Pengadilan Pajak pada Juni 2025, dan pada Tax Courts in June 2025, and as of the date of
saat tanggal penyelesaian laporan completion of these consolidated financial
konsolidasian keuangan ini, proses banding statements, the appeal process is still ongoing.
masih berlangsung.
Entitas anak - PBI Subsidiary - PBI
Tahun pajak 2017 2017 fiscal year
Pada Oktober 2019, PBI menerima surat In October 2019, PBI received a tax
ketetapan pajak terkait lebih bayar pajak assessment letter confirming an overpayment of
penghasilan badan sejumlah Rp324 dari jumlah corporate income tax amounting to Rp324 out
Rp7.538 yang di klaim oleh PBI. Selain itu, of Rp7,538 as claimed by PBI. In addition, the
Kantor Pajak juga melakukan koreksi atas rugi Tax Office also made a correction on the tax
fiskal sebesar Rp84.805 yang diklaim oleh PBI loss of Rp84,805 as claimed by PBI to taxable
menjadi laba fiskal sebesar Rp29.813. PBI income of Rp29,813. PBI did not agree with the
tidak setuju dengan surat ketetapan pajak tax assessment letter and submitted an
tersebut dan mengajukan keberatan ke Kantor objection to the Tax Office.
Pajak.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 67 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
e. Ketetapan pajak (lanjutan) e. Tax assessment (continued)
Entitas anak - PBI (lanjutan) Subsidiary - PBI (continued)
Tahun pajak 2017 (lanjutan) 2017 fiscal year (continued)
Pada Januari 2021, Kantor Pajak menolak In January 2021, Tax Office rejected the
keberatan dari PBI. PBI tidak setuju dengan objections from PBI. PBI did not agree with the
hasil keberatan dan mengajukan banding ke objections results and filed an appeal to the Tax
Pengadilan Pajak pada Juni 2021, dan pada Courts in June 2021, and as of the date of
saat tanggal penyelesaian laporan completion of these consolidated financial
konsolidasian keuangan ini, proses banding statements, the appeal process is still ongoing.
masih berlangsung.
f. Administrasi f. Administration
Peraturan perpajakan yang berlaku di The taxation laws of Indonesia require that the
Indonesia mengharuskan Perusahaan dan Company and its local subsidiaries to submit
entitas anak yang berada di dalam negeri untuk their respective annual corporate income tax
menyampaikan surat pemberitahuan tahunan return on the basis of self assessment.
pajak penghasilan badan masing-masing
berdasarkan perhitungan sendiri.
Berdasarkan peraturan perpajakan yang Under the prevailing tax regulations, the
berlaku, Direktorat Jenderal Pajak (“DJP”) Directorate General of Taxation (“DGT”) may
dapat menetapkan atau mengubah pajak assess or amend taxes within five years from
dalam jangka waktu lima tahun sejak saat the time the tax becomes due.
terutangnya pajak.
12. UTANG BANK 12. BANK LOAN
2025 2024
Standard Chartered Bank, Standard Chartered Bank,
Cabang Indonesia (“SCB”) 1.000.000 1.000.000 Indonesia Branch (“SCB”)
Bank of America, N.A. Bank of America, N.A.
Cabang Jakarta (“BoA”) 1.000.000 1.000.000 Jakarta Branch (“BoA”)
Jumlah 2.000.000 2.000.000 Total
Pada tanggal 4 Desember 2024, SGB memperoleh On 4 December 2024, SGB obtained short-term
fasilitas pinjaman jangka pendek tanpa jaminan dan loan facilities without any colateral and covenants
batasan-batasan dari SCB sebesar Rp1.000.000 from SCB amounting to Rp1,000,000 and from BoA
dan dari BoA sebesar Rp1.000.000. Pada tanggal amounting to Rp1,000,000. As of 31 December
31 Desember 2024, fasilitas ini telah 2024, these facilities have been fully utilised. The
sepenuhnya digunakan. Pinjaman dari SCB dan loans from SCB and BoA bear interest rates of
BoA masing-masing dikenakan bunga sebesar 6.75% and 6.65% per annum, respectively, and
6,75% dan 6,65% per tahun dan telah jatuh tempo were due on 4 December 2025.
pada tanggal 4 Desember 2025.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 68 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. UTANG BANK (lanjutan) 12. BANK LOAN (continued)
Pada tanggal 4 Desember 2025, SGB memperoleh On 4 December 2025, SGB obtained short-term
fasilitas pinjaman jangka pendek tanpa jaminan dan loan facilities without any colateral and covenants
batasan-batasan dari SCB sebesar Rp1.000.000 from SCB amounting to Rp1,000,000 and from BoA
dan dari BoA sebesar Rp1.000.000. Pada tanggal amounting to Rp1,000,000. As of 31 December
31 Desember 2025, fasilitas ini telah 2025, these facilities have been fully utilised. The
sepenuhnya digunakan. Pinjaman dari SCB dan loans from SCB and BoA bear interest rates of 5%
BoA dikenakan bunga sebesar 5% per tahun dan per annum and will be due on 15 January 2027 and
akan jatuh tempo pada masing-masing tanggal 4 December 2026, respectively.
15 Januari 2027 dan 4 Desember 2026.
13. LIABILITAS SEWA 13. LEASE LIABILITIES
Jadwal pembayaran sewa minimum berdasarkan The future minimum lease payments
perjanjian sewa guna usaha Kelompok Usaha pada required under the Group’s outstanding
tanggal 31 Desember 2025 dan 2024 adalah lease agreements as of 31 December 2025 and
sebagai berikut: 2024 are as follows:
2025 2024
Kurang dari 1 tahun 456.275 345.204 Below 1 year
Antara 1 - 5 tahun 330.809 108.086 Between 1 - 5 years
Lebih dari 5 tahun 1.714 1.188 Over 5 years
Jumlah 788.798 454.478 Total
Bagian bunga (45.304) (15.734) Amounts applicable to interest
Nilai kini dari pembayaran Present value of minimum
sewa minimum 743.494 438.744 lease payments
Dikurangi: bagian yang jatuh tempo
dalam satu tahun (421.400) (333.032) Less: current maturities
Bagian jangka panjang 322.094 105.712 Long-term portion
Aset hak-guna terdiri dari tanah dan bangunan, Right-of-use assets consist of land and buildings,
kapal, mesin dan peralatan dan alat pengangkutan vessel, machinery and equipment and
(Catatan 7). transportation equipment (Note 7).
Tidak ada pembatasan signifikan yang ditetapkan There are no significant restrictions imposed by the
oleh pesewa terhadap Kelompok Usaha terkait lessor to the Group on use of the assets or
dengan penggunaan aset atau pencapaian kinerja achievement of certain financial performance.
keuangan tertentu.
Jumlah arus kas keluar untuk sewa termasuk sewa The total cash outflow for the leases including short-
jangka pendek, aset yang bernilai rendah dan term lease, low value assets and variable payment
pembayaran sewa variabel pada tahun 2025 adalah lease in 2025 was Rp688,071.
sebesar Rp688.071.
Biaya yang berkaitan dengan pembayaran sewa Expenses relating to short-term lease, low value
jangka pendek, aset yang bernilai rendah dan assets and variable lease payment that were
pembayaran sewa variabel yang dibebankan pada charged to the profit or loss in 2025 was Rp153,580.
laba rugi pada tahun 2025 adalah Rp153.580.
Beban bunga atas liabilitas sewa pada tahun 2025 Interest expense arising from the lease liabilities in
dan 2024 masing-masing sebesar Rp40.819 dan 2025 and 2024 amounting to Rp40,819 and
Rp29.395 disajikan sebagai bagian dari “biaya Rp29,395, respectively, is presented as part of
keuangan” pada laporan laba rugi dan penghasilan “finance costs” in the consolidated statement of
komprehensif lain konsolidasian. profit or loss and other comprehensive income.
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 69 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. LIABILITAS SEWA (lanjutan) 13. LEASE LIABILITIES (continued)
Rekonsiliasi liabilitas yang timbul dari aktivitas The reconciliation of liabilities arising from financing
pendanaan untuk tahun yang berakhir pada tanggal activities for the year ended 31 December 2025 and
31 Desember 2025 dan 2024 adalah sebagai 2024 are as follows:
berikut:
2025 2024
Saldo awal 438.744 804.861 Beginning balance
Perolehan aset hak-guna melalui sewa 818.453 172.493 Acquisition of right-of-use through leases
Akrual bunga 40.819 29.395 Interest accruals
Pembayaran pokok dan bunga (535.122) (568.005) Repayment of principal and interest
Penghapusan liabilitas sewa (19.400) - Write-off lease liabilities
Saldo akhir 743.494 438.744 Ending balance
14. LIABILITAS IMBALAN KERJA 14. EMPLOYEE BENEFIT LIABILITIES
2025 2024
Imbalan kerja jangka pendek 360.312 348.212 Short-term employee benefit
Imbalan kerja jangka panjang - Long-term employee benefit -
bagian lancar 70.668 59.240 current portion
430.980 407.452
Imbalan kerja jangka panjang Long-term employee benefit
- Imbalan pensiun 342.629 341.647 Retirement benefit -
- Imbalan kesehatan pascakerja 22.325 22.267 Post-retirement healthcare benefit -
- Imbalan kerja jangka panjang
lainnya 69.411 58.839 Other long-term benefit -
434.365 422.753
Dikurangi: bagian lancar (70.668) (59.240) Less: current portion
Bagian tidak lancar 363.697 363.513 Non-current portion
a. Imbalan pensiun a. Retirement benefit
Perusahaan menyelenggarakan program The Company has a defined contribution
pensiun iuran pasti (“Program”) untuk karyawan retirement plan (the “Plan”) covering its
tetapnya. Iuran dana pensiun ditanggung oleh permanent employees. Contributions are
Perusahaan dan karyawan masing-masing funded and consist of the Company’s and the
sebesar 10% dan 5% dari penghasilan dasar employees’ contributions computed at 10% and
pensiun karyawan. Jumlah kontribusi yang 5%, respectively, of the employees’
dibayarkan Perusahaan untuk program pensiun pensionable earnings. Total contributions paid
ini pada tahun 2025 dan 2024 masing-masing by the Company to the plan in 2025 and 2024
sebesar Rp61.546 dan Rp64.086. amounted to Rp61,546 and Rp64,086,
respectively.
Kelompok Usaha menunjuk Kantor Konsultan The Group has appointed Kantor Konsultan
Aktuaria I Gde Eka Sarmaja, FSAI dan Rekan, Aktuaria I Gde Eka Sarmaja, FSAI dan Rekan,
aktuaris independen, untuk melakukan an independent actuary, to conduct a valuation
penilaian dari taksiran liabilitas atas imbalan of the expected obligation for post-employment,
pascakerja, uang pisah dan uang penggantian severance and compensation benefits of its
hak bagi karyawan tetapnya. qualified permanent employees.
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Halaman 70 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. LIABILITAS IMBALAN KERJA (lanjutan) 14. EMPLOYEE BENEFIT LIABILITIES (continued)
a. Imbalan pensiun (lanjutan) a. Retirement benefit (continued)
Penilaian aktuaris dihitung dengan The actuarial valuation was determined using
menggunakan metode projected-unit-credit the projected-unit-credit method, which
yang berdasarkan asumsi-asumsi signifikan considered the following significant
berikut: assumptions:
2025 2024
Tingkat diskonto 6,25% 7,00% Discount rate
Kenaikan gaji dan upah 7,00% 7,00% Wage and salary increase
Beban imbalan kerja yang diakui di laporan laba The employee benefits expense recognised in
rugi dan penghasilan komprehensif lain the consolidated statement of profit or loss and
konsolidasian terdiri dari: other comprehensive income consists of the
following:
2025 2024
Kerugian atas penyelesaian 56.107 13.144 Loss on settlements
Biaya jasa kini 25.084 26.357 Current service costs
Biaya bunga 22.025 22.497 Interest costs
Jumlah 103.216 61.998 Total
Mutasi nilai kini liabilitas imbalan pensiun Movements in the present value of the retirement
adalah sebagai berikut: benefit liabilities are as follows:
2025 2024
Saldo awal tahun 341.647 363.288 Balance at beginning of year
Beban pensiun yang dibebankan
ke laba rugi Pension cost charged to profit or loss
- Kerugian atas penyelesaian 56.107 13.144 Loss on settlements -
- Biaya jasa kini 25.084 26.357 Current service costs -
- Biaya bunga 22.025 22.497 Interest costs -
Sub-jumlah yang dibebankan ke
laba rugi 103.216 61.998 Sub-total charged to profit or loss
Kerugian/(keuntungan) dari
pengukuran kembali yang diakui
sebagai penghasilan Remeasurement loss/(gain) recognise
komprehensif lain in other comprehensive income
- Dampak karena perubahan Effect of changes in financial -
asumsi finansial 15.760 (4.453) assumptions
- Dampak karena Effect of experience -
penyesuaian pengalaman (13.557) (9.038) adjustments
Sub-jumlah yang diakui dalam Sub-total recognised in other
penghasilan komprehensif lain 2.203 (13.491) comprehensive income
Pembayaran selama
tahun berjalan (104.437) (70.148) Payments during the year
Saldo akhir tahun 342.629 341.647 Balance at end of year
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Halaman 71 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. LIABILITAS IMBALAN KERJA (lanjutan) 14. EMPLOYEE BENEFIT LIABILITIES (continued)
a. Imbalan pensiun (lanjutan) a. Retirement benefit (continued)
Sensitivitas dari liabilitas imbalan pensiun The sensitivity of the retirement benefit liabilities
terhadap perubahan asumsi aktuarial utama to changes in the principal assumptions as
adalah sebagai berikut: follow:
Dampak terhadap liabilitas imbalan pensiun/
Impact on retirement benefit liabilities
Perubahan asumsi/ Kenaikan asumsi/ Penurunan asumsi/
Change in assumption Increase in assumption Decrease in assumption
Tingkat diskonto 1% Turun/Decrease (17.835) Naik/Increase 19.926 Discount rate
Kenaikan gaji dan upah 1% Naik/Increase 38.333 Turun/Decrease (29.455) Wage and salary increase
Analisis sensitivitas didasarkan pada The sensitivity analyses are based on a change
perubahan atas satu asumsi aktuarial dimana in an assumption while holding all other
asumsi lainnya dianggap konstan. Dalam assumptions constant. In practice, this is
prakteknya, hal ini jarang terjadi dan perubahan unlikely to occur, and changes in some of the
beberapa asumsi mungkin saling berkorelasi. assumptions may be correlated. When
Dalam perhitungan sensitivitas liabilitas calculating the sensitivity of the retirement
imbalan pensiun atas asumsi signifikan benefit liabilities to significant actuarial
aktuarial, metode yang sama (perhitungan nilai assumptions the same method (present value of
kini liabilitas imbalan pensiun dengan the retirement benefit liabilities calculated with
menggunakan metode projected-unit-credit di the projected-unit-credit method at the end of
akhir periode) telah diterapkan seperti dalam the reporting period) has been applied as when
penghitungan kewajiban pensiun yang diakui calculating the retirement liability recognised
dalam laporan posisi keuangan. within the statement of financial position.
Rata-rata durasi liabilitas imbalan pensiun The weighted average duration of the retirement
adalah 5,62 tahun. benefit liabilities is 5.62 years.
Analisis jatuh tempo yang diharapkan dari Expected maturity analysis of undiscounted
manfaat pensiun yang tidak terdiskonto adalah retirement benefit is as follow:
sebagai berikut:
Kurang dari 1 sampai 2 sampai
1 tahun/ 2 tahun/ 5 tahun/ Lebih dari
Less than Between Between 5 tahun/ Jumlah/
a year 1-2 years 2-5 years Over 5 years Total
Imbalan pensiun 60.008 47.753 140.440 979.229 1.227.430 Retirement benefit
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Halaman 72 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. LIABILITAS IMBALAN KERJA (lanjutan) 14. EMPLOYEE BENEFIT LIABILITIES (continued)
b. Imbalan kesehatan pascakerja b. Post-retirement healthcare benefit
Perusahaan mulai mengadakan program The Company started to provide post-retirement
imbalan kesehatan pascakerja (“Program”) healthcare benefits (the “Plan”) to all of its
kepada semua karyawan tetapnya yang qualified permanent employees since March
memenuhi persyaratan sejak bulan Maret 2005, 2005, while DAP started in January 2012. The
sedangkan DAP dimulai pada bulan Januari Plans are not funded. The Company and DAP
2012. Program ini tidak didanai. Perusahaan have appointed Kantor Konsultan Aktuaria I Gde
dan DAP telah menunjuk Kantor Konsultan Eka Sarmaja, FSAI dan Rekan, an independent
Aktuaria I Gde Eka Sarmaja, FSAI dan Rekan, actuary, to conduct a valuation of the expected
aktuaris independen, untuk melakukan obligations for post-retirement healthcare
penilaian atas taksiran liabilitas untuk imbalan benefits.
kesehatan pascakerja.
Penilaian aktuaris ditentukan dengan The actuarial valuation was determined using the
menggunakan metode projected-unit-credit, projected-unit-credit method, which considered
yang mempertimbangkan asumsi-asumsi the following significant assumptions:
signifikan berikut:
2025 2024
Tingkat diskonto 6,25% 7,00% Discount rate
Tren biaya medis 8,00% 8,00% Medical cost trend
Beban untuk imbalan kesehatan pascakerja The post-retirement healthcare benefit expenses
karyawan yang diakui dalam laporan laba rugi recognised in the consolidated statement of profit
dan penghasilan komprehensif lain or loss and other comprehensive income consist
konsolidasian terdiri dari: of the following:
2025 2024
Biaya bunga 1.505 1.526 Interest costs
Biaya jasa kini 896 973 Current service costs
Jumlah 2.401 2.499 Total
Page 498
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Halaman 73 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. LIABILITAS IMBALAN KERJA (lanjutan) 14. EMPLOYEE BENEFIT LIABILITIES (continued)
b. Imbalan kesehatan pascakerja (lanjutan) b. Post-retirement healthcare benefit (continued)
Mutasi nilai kini liabilitas imbalan kesehatan Movements in the present value of the post-
pascakerja adalah sebagai berikut: retirement healthcare benefit liabilities are as
follows:
2025 2024
Saldo awal tahun 22.267 23.292) Balance at beginning of year
Beban pensiun yang dibebankan
ke laba rugi Pension costs charged to profit or loss
- Biaya bunga 1.505 1.526) Interest costs -
- Biaya jasa kini 896 973) Current service costs -
Sub-jumlah yang dibebankan ke
laba rugi 2.401 2.499) Sub-total charged to profit or loss
Keuntungan dari pengukuran Remeasurement gains
kembali yang diakui dalam recognised in other comprehensive
penghasilan komprehensif lain (1.199) (1.874) income
Pembayaran selama tahun
berjalan (1.144) (1.650) Payments during the year
Saldo akhir tahun 22.325 22.267) Balance at end of year
c. Imbalan kerja jangka panjang lainnya c. Other long-term employee benefits
Imbalan kerja jangka panjang lainnya Other long-term employee benefits is long-term
merupakan cuti berbayar jangka panjang yang paid leave granted to the Company’s employees
diberikan kepada karyawan Perusahaan yang who have worked continuously for at least
telah bekerja terus menerus paling sedikit 8 years.
selama 8 tahun.
Penilaian aktuaris ditentukan dengan The actuarial valuation was determined using the
menggunakan metode projected-unit-credit, projected-unit-credit method, which considered
yang mempertimbangkan asumsi signifikan the significant assumption of discount rate of
berupa tingkat diskonto sebesar 6,25% (2024: 6.25% (2024: 7.00%).
7,00%).
Mutasi nilai kini liabilitas imbalan kerja jangka Movements in the present value of the other long-
panjang lainnya adalah sebagai berikut: term employee benefits liabilities are as follows:
2025 2024
Saldo awal tahun 58.839 67.729) Balance at beginning of year
Beban pensiun yang dibebankan
ke laba rugi Pension costs charged to profit or loss
- Kerugian dari pengukuran )
kembali 19.298 1.968) Remeasurement loss -
- Biaya jasa kini 4.667 5.091) Current service costs -
- Biaya bunga 3.989 4.015) Interest costs -
Sub-jumlah yang dibebankan ke
laba rugi 27.954 11.074) Sub-total charged to profit or loss
Pembayaran selama tahun
berjalan (17.382) (19.964) Payments during the year
Saldo akhir tahun 69.411 58.839) Balance at end of year
Page 499
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
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Halaman 74 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. MODAL SAHAM 15. CAPITAL STOCK
Rincian kepemilikan saham pada tanggal The details of share ownership as of
31 Desember 2025 dan 2024 adalah sebagai 31 December 2025 and 2024 are as follows:
berikut:
2025
Jumlah saham
ditempatkan
dan disetor Persentase
penuh/ kepemilikan (%)/
Number of Percentage
shares issued of Jumlah/
Pemegang saham and fully paid ownership (%) Amount Shareholders
Heidelberg Materials AG 1.877.480.863 56,81 938.740 Heidelberg Materials AG
Masyarakat (masing-masing
di bawah 5%) 1.427.629.536 43,19 713.815 Public (below 5% each)
3.305.110.399 100,00 1.652.555
Saham tresuri 210.492.400 105.246 Treasury shares
Jumlah 3.515.602.799 1.757.801 Total
2024
Jumlah saham
ditempatkan
dan disetor Persentase
penuh/ kepemilikan (%)/
Number of Percentage
shares issued of Jumlah/
Pemegang saham and fully paid ownership (%) Amount Shareholders
Heidelberg Materials AG 1.877.480.863 56,04 938.740 Heidelberg Materials AG
Masyarakat (masing-masing
di bawah 5%) 1.472.493.036 43,96 736.247 Public (below 5% each)
3.349.973.899 100,00 1.674.987
Saham tresuri 331.257.800 165.629 Treasury shares
Jumlah 3.681.231.699 1.840.616 Total
Tidak terdapat direktur Perusahaan yang memiliki None of the Company’s directors held issued and
saham Perusahaan yang telah ditempatkan dan fully paid shares of the Company as of
disetor penuh masing-masing pada tanggal 31 December 2025 and 2024.
31 Desember 2025 dan 2024.
16. LABA PER SAHAM DASAR DAN DILUSIAN 16. BASIC AND DILUTED EARNINGS PER SHARE
Perhitungan laba per saham dasar dan dilusian The calculation of the basic and diluted earnings per
adalah sebagai berikut: share were as follows:
2025 2024
Laba tahun berjalan yang Profit for the year
dapat diatribusikan kepada attributable to owners
pemilik entitas induk 2.248.781 2.007.947 of the parent
Jumlah rata-rata tertimbang saham Weighted average number of
biasa yang beredar 3.334.003.938 3.394.748.848 ordinary shares outstanding
Laba per saham dasar Basic earnings per share
(dalam Rupiah penuh) 674,50 591,49 (in full Rupiah)
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. LABA PER SAHAM DASAR DAN DILUSIAN 16. BASIC AND DILUTED EARNINGS PER SHARE
(lanjutan) (continued)
Perusahaan tidak memiliki saham biasa yang The Company has no potential dilutive ordinary
berpotensi dilutif. Dengan demikian, laba per saham shares. Therefore, the diluted earnings per share is
dilusian setara dengan laba per saham dasar. equivalent to the basic earnings per share.
17. TAMBAHAN MODAL DISETOR 17. ADDITIONAL PAID-IN CAPITAL
Rincian tambahan modal disetor pada tanggal The details of additional paid-in capital as of
31 Desember 2025 dan 2024 adalah sebagai 31 December 2025 and 2024 are as follows:
berikut:
2025 2024
Agio saham 1.194.236 1.194.236 Share premium
Agio saham lainnya 338.250 338.250 Other paid-in capital
Pembatalan saham tresuri (1.855.538) - Cancellation of treasury shares
Difference arising from transactions
Selisih nilai transaksi dengan among entities under
entitas sepengendali 1.166.377 1.166.377 common control
Jumlah 843.325 2.698.863 Total
Agio saham merupakan kelebihan jumlah yang Share premium represents the excess of the
diterima dan/atau nilai tercatat surat utang dan amounts received and/or the carrying value of
obligasi yang dikonversikan atas nilai nominal converted debentures and bonds over the par value
saham yang dikeluarkan setelah dikurangi semua of the shares issued after offsetting all stock
biaya penerbitan saham. issuance costs.
Agio saham lainnya merupakan selisih kurs yang Other paid-in capital represents the difference
timbul dari perbedaan antara nilai tukar yang between the agreed exchange rate for the
disetujui untuk pengkonversian surat utang dalam conversion of the foreign currency debentures into
mata uang asing menjadi ekuitas dengan nilai tukar equity and the exchange rate at the date of the
pada tanggal transaksi dilakukan. transaction.
Pembatalan saham tresuri merupakan selisih antara Cancellation of treasury shares transactions
biaya perolehan saham tresuri dan nilai nominal represents the difference between the cost of the
pada saat pembatalan saham tresuri (Catatan 1b). treasury shares and their par value at the time of
their cancellation (Note 1b).
Selisih nilai transaksi dengan entitas sepengendali Difference arising from transactions among entities
merupakan selisih yang timbul antara nilai akuisisi under common control represents the difference
dengan nilai buku beberapa Entitas Anak tertentu between the acquisition cost and the book value of
yang menggabungkan diri dengan Perusahaan certain Subsidiaries which were merged in 2000 to
dengan menggunakan metode penyatuan the Company using the pooling-of-interests method.
kepemilikan pada tahun 2000.
Page 501
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Halaman 76 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. DIVIDEN 18. DIVIDENDS
Dividen yang telah dideklarasikan dan dibayarkan Dividends declared and paid in 2025 and 2024 are
pada tahun 2025 dan 2024 adalah sebagai berikut: as follows:
2025 2024
Dividen yang dideklarisasikan - Dividends declared -
Rp259 dan Rp90 per saham Rp259 and Rp90 per share
pada tahun 2025 dan 2024 in 2025 and 2024
(dalam jumlah Rupiah penuh) 867.643 308.797 (in full Rupiah amount)
Pembayaran dividen Dividends paid
Tahun berjalan 867.318 308.424 Current year
Tahun sebelumnya - 4 Prior years
Jumlah 867.318 308.428 Total
Utang dividen - disajikan sebagai Dividends payable - presented as
“utang lain-lain - pihak ketiga” “other payables - third parties” in
pada laporan posisi keuangan the consolidated statement
konsolidasian of financial position
Tahun berjalan 325 373 Current year
Tahun sebelumnya 10.386 10.013 Prior years
Jumlah 10.711 10.386 Total
19. SALDO LABA 19. RETAINED EARNINGS
Dalam rangka memenuhi Undang-undang In compliance with Corporation Law No. 40 of 2007
Perusahaan Terbatas No. 40 Tahun 2007 dated 16 August 2007, which requires companies to
tanggal 16 Agustus 2007, yang mengharuskan set aside, on a gradual basis, an amount equivalent
perusahaan-perusahaan secara bertahap to at least 20% of their subscribed capital as general
mencadangkan sekurang-kurangnya 20% dari reserve, the shareholders have approved the partial
modal yang ditempatkan sebagai cadangan dana appropriation of the Company’s retained earnings
umum, para pemegang saham telah menyetujui as general reserve during their annual general
pencadangan sebagian dari saldo laba Perusahaan meetings. Total appropriation of the Company’s
dalam rapat umum tahunan pemegang saham retained earnings as general reserve as of
sebagai cadangan dana umum. Jumlah saldo laba 31 December 2025 and 2024 amounted to
yang telah dicadangkan sebagai cadangan dana Rp400,000.
umum sampai dengan tanggal 31 Desember 2025
dan 2024 adalah sebesar Rp400.000.
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Halaman 77 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. KEUNTUNGAN ATAS DIVESTASI DAN 20. GAIN ON DIVESTMENT AND REMEASUREMENT
PENGUKURAN KEMBALI INVESTASI PADA OF INVESTMENT IN AN ASSOCIATE
ENTITAS ASOSIASI
Pada tanggal 29 Desember 2025, Perusahaan dan On 29 December 2025, the Company and its
entitas anak, PT Pionirbeton Industri (“PBI”), subsidiary, PT Pionirbeton Industri (“PBI”), entered
menandatangani Perjanjian Jual Beli Saham into a Share Sale and Purchase Agreement with a
dengan pihak ketiga, untuk menjual 46.905 saham third party, to sell 46,905 shares, representing 60%
yang mewakili 60% kepemilikan pada PT Mortar ownership in PT Mortar Prakarsa Utama (“MPU”) for
Prakarsa Utama (“MPU”) dengan total imbalan a total consideration of Rp455,040. As a result, the
sebesar Rp455.040. Sebagai akibatnya, interest of the Group in MPU decreased to 40%,
kepemilikan Kelompok Usaha atas MPU berkurang resulting in the loss of control over MPU. The
menjadi 40%, sehingga Kelompok Usaha remaining 40% interest in MPU has been accounted
kehilangan pengendalian terhadap MPU. Sisa for as an investment in associate amounting to
kepemilikan 40% di MPU dicatat sebagai investasi Rp283,057 and is measured at its fair value upon
pada entitas asosiasi sebesar Rp283.057 dan initial recognition.
diukur sebesar nilai wajarnya pada pengakuan
awal.
Sehubungan dengan transaksi ini, Kelompok Usaha In connection with the transaction, the Group
mengakui keuntungan sebagai berikut: recognised gain as follows:
Jumlah/Amount
Keuntungan atas divestasi 418.192 Gain on divestment
Keuntungan atas pengukuran kembali Gain on remeasurement of
sisa kepemilikan 251.787 the retained interest
Jumlah 669.979 Total
Rincian perhitungan keuntungan atas pengukuran The gain on remeasurement of investment in
kembali investasi pada entitas asosiasi karena associates as a result of the loss of control of MPU
hilangnya pengendalian atas MPU adalah sebagai is calculated as follows:
berikut:
Jumlah/Amount
Penghapusan nilai tercatat Derecognition of carrying amount
aset dan liabilitas MPU: of MPU’s asset and liabilities:
Aset lancar 456 Current assets
Aset tidak lancar 78.125 Non-current assets
Jumlah aset 78.581 Total assets
Liabilitas jangka pendek (30) Current liabilities
Aset bersih MPU 78.551 Net assets of MPU
Nilai wajar kepemilikan 40% atas MPU 283.057 Fair value of 40% ownership of MPU
Nilai tercatat kepemilikan 40% atas MPU (31.270) Carrying value of 40% ownership of MPU
Keuntungan atas pengukuran kembali Gain on remeasurement of
investasi pada entitas asosiasi 251.787 investment in associates
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KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. GOODWILL 21. GOODWILL
Pada tanggal 31 Desember 2025, Kelompok Usaha As of 31 December 2025, the Group recognised
mengakui goodwill sebesar Rp133.422 sehubungan goodwill of Rp133,422 in relation to the acquisition
dengan akuisisi SGB pada tahun 2023. Untuk tujuan of SGB in 2023. For the impairment testing
pengujian penurunan nilai, goodwill telah dialokasikan purposes, the goodwill has been allocated to the
ke UPK bisnis semen SGB. CGU of SGB's cement business.
Tidak terdapat pergerakan atas nilai tercatat goodwill There were no movements in the carrying amount
selama tahun 2025. of goodwill during 2025.
Pengujian penurunan nilai atas goodwill dilakukan Goodwill is tested for impairment annually (as of
setiap tahun (pada tanggal 31 Desember) atau ketika 31 December) or when circumstances indicate that
terdapat suatu indikasi bahwa nilai tercatatnya the carrying value may be impaired. The
mengalami penurunan nilai. Nilai goodwill yang dapat recoverable amount of goodwill is determined
terpulihkan ditentukan berdasarkan nilai pakainya based on value in use (“VIU”) method. This
(“VIU”). Perhitungan ini menggunakan proyeksi arus calculation uses pre-tax cash flow projections
kas sebelum pajak berdasarkan anggaran keuangan based on financial budgets approved by
yang disetujui Manajemen yang meliputi periode lima Management covering a five-year period. Cash
tahun. Arus kas yang melampaui periode lima tahun flows beyond the five-year period are extrapolated
diekstrapolasi dengan menggunakan tingkat using the estimated growth rates.
pertumbuhan.
Asumsi kunci yang digunakan dalam perhitungan VIU Certain key assumptions used in the VIU
pada tanggal 31 Desember 2025 dan 2024 adalah calculation at 31 December 2025 and 2024 are as
sebagai berikut: follows:
2025 2024
Pertumbuhan penjualan Sales growth
(% Tingkat pertumbuhan tahunan) 2,85%-8,69% 2,44%-12% (% annual growth rate)
Tingkat diskonto sebelum pajak 18,26% 17,6% Pre-tax discount rate
Tidak ada penurunan nilai goodwill yang diidentifikasi. No impairment of the goodwill was identified.
Nilai terpulihkan yang diestimasikan oleh manajemen The recoverable amount estimated by
pada tanggal 31 Desember 2025 adalah sebesar management as of 31 December 2025 was
Rp7.332.352, yang lebih tinggi dibandingkan dengan Rp7,332,352, which is higher compared to the
nilai tercatatnya. carrying value.
Analisis sensitivitas menunjukan bahwa kenaikan The sensitivity analysis indicates that an increase
tingkat diskonto sebelum pajak di atas 21% (2024: in the pre-tax discount rate exceeding 21% (2024:
21%) akan menyebabkan penurunan nilai goodwill. 21%) would cause an impairment of the goodwill.
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CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. INFORMASI SEGMEN 22. SEGMENT INFORMATION
SEGMEN OPERASI OPERATING SEGMENTS
Untuk tujuan manajemen, usaha Kelompok Usaha For management purposes, the Group’s businesses
dikelompokkan menjadi tiga kelompok usaha utama: are grouped into three major operating businesses:
semen, beton siap pakai, dan tambang agregat. cement, ready-mix concrete, and aggregates
quarries.
Tidak ada segmen usaha yang disatukan untuk No operating segments have been aggregated to
membentuk segmen usaha yang dilaporkan di atas. form the above reportable operating segments.
Kegiatan utama dari masing-masing segmen The main activities of each operating segment are
operasi adalah sebagai berikut: as follows:
Semen/Cement : Produksi dan penjualan berbagai jenis semen/Production and sale of several types of
cement
Beton siap pakai/
Ready-mix concrete : Produksi dan penjualan beton siap pakai/Production and sale of ready-mix concrete
Tambang agregat/
Aggregates quarries : Pertambangan/Mining
Informasi segmen operasi Kelompok Usaha adalah The Group’s operating segment information are as
sebagai berikut: follows:
2025
Beton siap Tambang
pakai/ agregat/
Semen/ Ready- Aggregates Eliminasi/ Konsolidasi/
Cement mix concrete quarries Elimination Consolidation
PENDAPATAN NETO NET REVENUES
Penjualan kepada pihak eksternal 16.389.394 1.247.290 94.504 - 17.731.188 Sales to external customers
Penjualan antar segmen 444.450 270.836 157.776 (873.062) - Inter-segment sales
Jumlah pendapatan neto 16.833.844 1.518.126 252.280 (873.062) 17.731.188 Total net revenues
BEBAN POKOK PENDAPATAN (11.287.954) (1.417.633) (133.167) 877.439 (11.961.315) COST OF REVENUES
LABA BRUTO 5.545.890 100.493 119.113 4.377 5.769.873 GROSS PROFIT
Beban usaha (3.553.811) (74.055) (67.718) 12.549 (3.683.035) Operating expenses
Keuntungan atas divestasi dan Gain on divestment and
pengukuran kembali remeasurement of
investasi pada entitas asosiasi - 669.979 - - 669.979 investment in associates
Penghasilan/(beban) lain - neto (36.880) 5.433 (1.688) (16.758) (49.893) Other income/(expenses) - net
Pendapatan keuangan 196.522 1.991 8.802 - 207.315 Finance income
Biaya keuangan (171.131) (1.405) - - (172.536) Finance cost
Bagian atas laba bersih Share of net profit of
entitas asosiasi - neto 36.958 - - - 36.958 associates - net
Pajak final (40.170) (398) (1.760) - (42.328) Final tax
Beban pajak
penghasilan - neto (375.065) (101.264) (11.223) - (487.552) Income tax expense - net
LABA TAHUN BERJALAN 1.602.313 600.774 45.526 168 2.248.781 PROFIT FOR THE YEAR
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Halaman 80 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. INFORMASI SEGMEN (lanjutan) 22. SEGMENT INFORMATION (continued)
SEGMEN OPERASI (lanjutan) OPERATING SEGMENTS (continued)
2025
Beton siap Tambang
pakai/ agregat/
Semen/ Ready- Aggregates Eliminasi/ Konsolidasi/
Cement mix concrete quarries Elimination Consolidation
Pengeluaran barang modal 1.685.425 75.290 24.106 (9.570) 1.775.251 Capital expenditures
Beban penyusutan, amortisasi Depreciation, amortisation and
dan deplesi 1.454.713 70.022 37.980 168 1.562.883 depletion expenses
Beban non-kas selain beban Non-cash expenses other than
penyusutan, amortisasi depreciation, amortisation and
dan deplesi: depletion expenses:
Provisi imbalan kerja Provision for long-term
jangka panjang 99.954 11.876 2.444 - 114.274 employee benefit liabilities
Cadangan keusangan/kerugian Allowance for inventory
persediaan 14.629 - 1.376 - 16.005 obsolescence/losses
Cadangan kerugian
penurunan nilai Allowance for impairment loss
piutang usaha 16.493 - - - 16.493 on trade receivables
2024
Beton siap Tambang
pakai/ agregat/
Semen/ Ready- Aggregates Eliminasi/ Konsolidasi/
Cement mix concrete quarries Elimination Consolidation
PENDAPATAN NETO NET REVENUES
Penjualan kepada pihak eksternal 16.913.732 1.560.044 74.958 - 18.548.734 Sales to external customers
Penjualan antar segmen 535.200 229.133 176.934 (941.267) - Inter-segment sales
Jumlah pendapatan neto 17.448.932 1.789.177 251.892 (941.267) 18.548.734 Total net revenues
BEBAN POKOK PENDAPATAN (11.626.236) (1.674.222) (132.697) 945.376 (12.487.779) COST OF REVENUES
LABA BRUTO 5.822.696 114.955 119.195 4.109 6.060.955 GROSS PROFIT
Beban usaha (3.589.342) (77.081) (74.300) 15.617 (3.725.106) Operating expenses
Penghasilan/(beban) lain - neto 59.035 19.287 (1.023) (19.726) 57.573 Other income/(expenses) - net
Pendapatan keuangan 125.813 1.653 5.866 - 133.332 Finance income
Biaya keuangan (180.290) (1.272) - - (181.562) Finance cost
Bagian atas laba bersih Share of net profit of
entitas asosiasi - neto 145.337 - - - 145.337 associates - net
Pajak final (25.863) (475) (1.173) - (27.511) Final tax
Beban pajak
penghasilan - neto (431.363) (13.885) (9.823) - (455.071) Income tax expense - net
LABA TAHUN BERJALAN 1.926.023 43.182 38.742 - 2.007.947 PROFIT FOR THE YEAR
Pengeluaran barang modal 1.021.097 111.255 20.677 (19.488) 1.133.541 Capital expenditures
Beban penyusutan, amortisasi Depreciation, amortisation and
dan deplesi 1.441.114 62.721 37.458 1.666 1.542.959 depletion expenses
Beban non-kas selain beban Non-cash expenses other than
penyusutan, amortisasi depreciation, amortisation and
dan deplesi: depletion expenses:
Provisi imbalan kerja Provision for long-term
jangka panjang 64.988 7.298 1.317 - 73.603 employee benefit liabilities
Cadangan keusangan/kerugian Allowance for inventory
persediaan 1.940 399 990 - 3.329 obsolescence/losses
Pembalikan/cadangan kerugian Reversal/allowance for
penurunan nilai piutang impairment loss on
usaha (29.403) 300 - - (29.103) trade receivables
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Halaman 81 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. INFORMASI SEGMEN (lanjutan) 22. SEGMENT INFORMATION (continued)
SEGMEN OPERASI (lanjutan) OPERATING SEGMENTS (continued)
2025
Beton siap Tambang
pakai/ agregat/
Semen/ Ready- Aggregates Eliminasi/ Konsolidasi/
Cement mix concrete quarries Elimination Consolidation
ASET DAN LIABILITAS ASSETS AND LIABILITIES
Aset segmen 29.249.806 1.202.700 896.799 (258.608) 31.090.697 Segment assets
Investasi pada entitas asosiasi 296.861 283.057 - - 579.918 Investment in associates
Aset pajak tangguhan dan Deferred tax assets
pajak dibayar and prepayments
di muka - neto 33.048 7.885 13.468 327 54.728 of taxes - net
Jumlah aset segmen 29.579.715 1.493.642 910.267 (258.281) 31.725.343 Total segment assets
Liabilitas segmen 7.371.258 705.847 104.477 (257.112) 7.924.470 Segment liabilities
Liabilitas pajak tangguhan -
neto 597.772 - - - 597.772 Deferred tax liabilities - net
Jumlah liabilitas segmen 7.969.030 705.847 104.477 (257.112) 8.522.242 Total segment liabilities
2024
Beton siap Tambang
pakai/ agregat/
Semen/ Ready- Aggregates Eliminasi/ Konsolidasi/
Cement mix concrete quarries Elimination Consolidation
ASET DAN LIABILITAS ASSETS AND LIABILITIES
Aset segmen 28.612.063 1.020.088 833.545 (377.836) 30.087.860 Segment assets
Investasi pada entitas asosiasi 260.522 - - - 260.522 Investment in associates
Aset pajak tangguhan dan Deferred tax assets
pajak dibayar and prepayments
di muka - neto 43.408 16.012 11.877 327 71.624 of taxes - net
Jumlah aset segmen 28.915.993 1.036.100 845.422 (377.509) 30.420.006 Total segment assets
Liabilitas segmen 7.205.917 854.754 85.852 (376.341) 7.770.182 Segment liabilities
Liabilitas pajak tangguhan -
neto 535.474 - - - 535.474 Deferred tax liabilities - net
Jumlah liabilitas segmen 7.741.391 854.754 85.852 (376.341) 8.305.656 Total segment liabilities
SEGMEN GEOGRAFIS GEOGRAPHICAL SEGMENTS
Informasi segmen geografis Kelompok Usaha The Group’s geographical segment information are
adalah sebagai berikut: as follows:
2025 2024
PENDAPATAN (berdasarkan daerah REVENUES (based on sales area)
penjualan)
Pihak ketiga Third parties
Domestik Domestic
Jawa 11.829.557 12.654.062 Java
Luar Jawa 5.620.805 5.700.644 Outside Java
Sub-jumlah 17.450.362 18.354.706 Sub-total
Ekspor - - Export
Sub-jumlah 17.450.362 18.354.706 Sub-total
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Halaman 82 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. INFORMASI SEGMEN (lanjutan) 22. SEGMENT INFORMATION (continued)
SEGMEN GEOGRAFIS (lanjutan) GEOGRAPHICAL SEGMENTS (continued)
2025 2024
Pihak berelasi (Catatan 26) Related parties (Note 26)
Ekspor 280.826 194.028 Export
Jumlah 17.731.188 18.548.734 Total
PENGELUARAN BARANG MODAL CAPITAL EXPENDITURES
(berdasarkan lokasi aset) (based on location of assets)
Domestik 1.775.251 1.133.541 Domestic
ASET (berdasarkan lokasi aset) ASSETS (based on location of assets)
Domestik 31.725.343 30.420.006 Domestic
23. PENDAPATAN NETO 23. NET REVENUES
2025 2024
Pihak berelasi (Catatan 26) Related parties (Note 26)
Penjualan semen 280.826 194.028 Sales of cement
Pihak ketiga Third parties
Penjualan semen 16.108.568 16.719.704 Sales of cement
Penjualan beton siap pakai 1.247.290 1.560.044 Sales of ready-mix concrete
Penjualan agregat 94.504 74.958 Sales of aggregates
Sub-jumlah 17.450.362 18.354.706 Sub-total
Jumlah 17.731.188 18.548.734 Total
Sebagian besar penjualan Kelompok Usaha Most of the Group’s sales were sold
dilakukan kepada distributor DAP. Seluruh to DAP’s distributors. All of the Group’s revenues
pendapatan Kelompok Usaha berasal dari kontrak are derived from contracts with customers
dengan pelanggan yang diselesaikan pada suatu recognised at point in time. There were no sales to
titik waktu. Tidak terdapat penjualan kepada satu any individual customers which exceeded 10% of
pelanggan yang melebihi 10% dari pendapatan neto consolidated net revenues.
konsolidasian.
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Halaman 83 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. BEBAN POKOK PENDAPATAN 24. COST OF REVENUES
Rincian beban pokok pendapatan adalah sebagai The details of cost of revenues are as follows:
berikut:
2025 2024
Bahan baku yang digunakan 2.681.970 2.752.490 Raw materials used
Upah buruh langsung 944.673 933.162 Direct labor
Bahan bakar dan listrik 4.948.263 5.354.173 Fuel and power
Beban pabrikasi 2.400.115 2.368.962 Manufacturing overhead
Jumlah beban pabrikasi 10.975.021 11.408.787 Total manufacturing cost
Persediaan barang dalam proses Work in process inventory
Awal tahun 270.934 317.107 At beginning of year
Akhir tahun (205.255) (270.934) At end of year
Beban pokok produksi 11.040.700 11.454.960 Cost of goods manufactured
Persediaan barang jadi Finished goods inventory
Awal tahun 218.831 286.832 At beginning of year
Pembelian 59.540 52.438 Purchases
Lain-lain (2.328) 8.083 Others
Akhir tahun (206.830) (218.831) At end of year
Beban pokok penjualan sebelum Cost of goods sold before
beban pengepakan 11.109.913 11.583.482 packing cost
Beban pengepakan 851.402 904.297 Packing cost
Beban pokok pendapatan 11.961.315 12.487.779 Cost of revenues
Jumlah liabilitas sehubungan dengan beban Liabilities related to manufacturing cost which had
pabrikasi yang telah terjadi tetapi belum ditagih ke been incurred but not yet billed to the Group
Kelompok Usaha masing-masing sebesar amounting to Rp581,753 and Rp652,521 as of
Rp581.753 dan Rp652.521 pada tanggal 31 December 2025 and 2024, respectively, are
31 Desember 2025 dan 2024, disajikan sebagai presented as part of “accruals” in the consolidated
bagian dari “akrual” pada laporan posisi keuangan statement of financial position (Note 10).
konsolidasian (Catatan 10).
Tidak terdapat pembelian dari satu pemasok yang There were no aggregate purchases from any
melebihi 10% dari pendapatan bersih individual supplier which exceeded 10% of
konsolidasian. consolidated net revenues.
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Halaman 84 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. BEBAN USAHA 25. OPERATING EXPENSES
Rincian beban usaha adalah sebagai berikut: The details of operating expenses are as follows:
2025 2024
Beban penjualan Selling expenses
Pengangkutan, bongkar muat Delivery, loading and
dan transportasi 2.217.150 2.326.495 transportation
Penyusutan 252.908 224.947 Depreciation
Gaji, upah dan kesejahteraan Salaries, wages and employee
karyawan 215.207 211.918 benefits
Iklan dan promosi 58.197 94.186 Advertising and promotion
Sewa 50.316 51.722 Rental
Listrik dan air 15.631 19.980 Electricity and water
Pajak dan perizinan 14.244 14.705 Taxes and licenses
Lain-lain 38.601 40.707 Others
Jumlah beban penjualan 2.862.254 2.984.660 Total selling expenses
Beban umum dan administrasi General and administrative expenses
Gaji, upah dan kesejahteraan Salaries, wages and employee
karyawan 552.386 534.987 benefits
Honorarium tenaga ahli 118.468 97.159 Professional fees
Penyusutan 37.092 37.800 Depreciation
Cadangan/(pembalikan) kerugian Allowance/(reversal) for impairment
penurunan nilai piutang usaha 16.493 (29.103) loss on trade receivables
Pengobatan 13.097 12.537 Medical
Pengembangan komunitas 12.834 13.417 Community development
Sewa 11.411 15.625 Rental
Lain-lain 59.001 58.024 Others
Jumlah beban umum dan Total general and administrative
administrasi 820.782 740.446 expenses
Jumlah beban usaha 3.683.036 3.725.106 Total operating expenses
26. INFORMASI MENGENAI PIHAK BERELASI 26. RELATED PARTY INFORMATION
a. Sifat hubungan dan transaksi a. Nature of relationships and transactions
Sifat hubungan dan transaksi dengan pihak- Nature of relationships and transactions with
pihak berelasi adalah sebagai berikut: related parties are as follows:
Pihak-pihak
berelasi/ Sifat hubungan istimewa/ Sifat transaksi/
Related parties Nature of relationship Nature of transactions
HM Trading Global APAC Pte. Ltd. Di bawah pengendalian yang sama/ Penjualan barang jadi dan pembelian bahan baku/
Under common control Sale of finished goods and purchase of
raw materials
HM Trading Global GmbH Di bawah pengendalian yang sama/ Penjualan barang jadi/Sale of finished goods
Under common control
Heidelberg Materials AG Entitas induk utama/ Jasa tenaga ahli/Professional fees
Ultimate parent
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Halaman 85 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. INFORMASI MENGENAI PIHAK BERELASI 26. RELATED PARTY INFORMATION (continued)
(lanjutan)
a. Sifat hubungan dan transaksi (lanjutan) a. Nature of relationships and transactions
(continued)
Pihak-pihak
berelasi/ Sifat hubungan istimewa/ Sifat transaksi/
Related parties Nature of relationship Nature of transactions
Heidelberg Materials Asia Pte. Ltd. Di bawah pengendalian yang sama/ Jasa tenaga ahli, jasa manajemen dan
Under common control pengembalian biaya perjalanan dinas/
Professional fees, management fees and
reimbursement of travelling expenses
PT Bhakti Sari Perkasa Bersama (“BSPB”) Entitas asosiasi/Associate Jasa outsourcing/outsourcing services
PT Jaya Berdikari Cipta (“JBC”) Entitas asosiasi/Associate Jasa transportasi/transportation services
PT Pama Indo Mining (“PIM”) Entitas asosiasi/Associate Jasa penambangan dan jasa manajemen/
Mining service fee and management fee
Dana Pensiun Karyawan Indocement Dana Pensiun Kelompok Usaha/ Dana pensiun/Pension fund
Tunggal Prakarsa Pension fund of the Group
Dewan Komisaris dan Dewan Direksi/ Manajemen kunci Kelompok Usaha/ Kompensasi dan remunerasi/
Board of Commissioners and Key management of the Group Compensation and remuneration
Board of Directors
b. Saldo dan transaksi b. Balances and transactions
Dalam kegiatan usaha normal, Kelompok In the normal course of business, the Group
Usaha melakukan transaksi dengan pihak- entered into transactions with related parties.
pihak berelasi. Transaksi-transaksi yang The significant transactions and related
signifikan dan saldo-saldo yang berkaitan balances with related parties are as follows:
dengan pihak-pihak berelasi adalah sebagai
berikut:
Persentase terhadap jumlah
aset/liabilitas (%)/Percentage to
Jumlah/Amount total assets/liabilities (%)
2025 2024 2025 2024
Piutang usaha Trade receivables
HM Trading Global HM Trading Global
APAC Pte. Ltd. 10.993 7.015 0,03 0,02 APAC Pte. Ltd.
Piutang lain-lain - pihak berelasi Other receivables - related parties
Heidelberg Materials AG 29.210 16.223 0,09 0,05 Heidelberg Materials AG
Heidelberg Materials Asia Pte. Ltd. 5.752 3.296 0,02 0,01 Heidelberg Materials Asia Pte. Ltd.
Lain-lain 26.234 22.554 0,08 0,06 Others
61.196 42.073 0,19 0,12
Utang usaha Trade payables
HM Trading Global HM Trading Global
APAC Pte. Ltd. 17.052 17.804 0,20 0,21 APAC Pte. Ltd.
Utang lain-lain Other payables
Heidelberg Materials AG 211.039 178.046 2,48 2,14 Heidelberg Materials AG
PIM 45.616 35.248 0,54 0,42 PIM
JBC 10.246 12.021 0,12 0,14 JBC
Lain-lain 6.639 15.709 0,08 0,19 Others
273.540 241.024 3,22 2,89
Piutang dan utang tersebut akan tertagih dalam Receivables and payables are collectible
waktu satu tahun. within one year.
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Halaman 86 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. INFORMASI MENGENAI PIHAK BERELASI 26. RELATED PARTY INFORMATION (continued)
(lanjutan)
b. Saldo dan transaksi (lanjutan) b. Balances and transactions (continued)
Persentase terhadap jumlah pendapatan/
beban yang bersangkutan (%)/
Percentage to total related
Jumlah/Amount income/expenses (%)
2025 2024 2025 2024
Pendapatan neto Net revenues
HM Trading Global HM Trading Global
APAC Pte. Ltd. 222.327 194.028 1,25 1,05 APAC Pte. Ltd.
HM Trading Global GmbH 58.499 - 0,33 - HM Trading Global GmbH
280.826 194.028 1,58 1,05
Beban pokok pendapatan Cost of revenues
PIM 87.522 95.738 0,73 0,77 PIM
BSPB 50.035 46.861 0,42 0,38 BSPB
HM Trading Global HM Trading Global
APAC Pte. Ltd. 29.871 51.220 0,25 0,41 APAC Pte. Ltd.
JBC 21.179 33.880 0,18 0,27 JBC
188.607 227.699 1,58 1,83
Beban umum dan administrasi General and administrative expenses
Heidelberg Materials AG 89.352 75.039 10,89 10,13 Heidelberg Materials AG
Lain-lain 2.940 3.291 0,36 0,45 Others
92.292 78.330 11,25 10,58
Penghasilan lain - neto Other income - net
Lain-lain 19.786 10.488 39,65 18,22 Others
Saldo terkait atas transaksi dengan pihak- The related outstanding balances in
pihak berelasi pada akhir tahun adalah tanpa connection with transactions with related
jaminan, tanpa bunga, tidak mengalami parties at the end of the year are unsecured,
penurunan nilai dan akan diselesaikan dalam interest-free, not impaired and to be settled in
bentuk tunai dengan jatuh tempo dalam satu cash and will due within one year.
tahun.
Jumlah gaji dan kompensasi lainnya yang Total salaries and other compensation
diberikan kepada manajemen kunci masing- benefits paid to key management amounted
masing adalah sebesar Rp130.773 dan to Rp130,773 and Rp115,778 in 2025 and
Rp115.778 pada tahun 2025 dan 2024, yang 2024, respectively, which are all short-term
semuanya merupakan imbalan kerja jangka employee benefits.
pendek.
Jumlah pembayaran yang dilakukan Kelompok The total payments made by the Group to
Usaha ke dana pensiun adalah sebesar pension fund amounted to Rp61,546 and
Rp61.546 dan Rp64.086 pada tahun 2025 dan Rp64,086 in 2025 and 2024, respectively.
2024.
Transaksi dengan pihak-pihak berelasi Transactions with related parties are
dilakukan berdasarkan syarat dan kondisi yang conducted under terms and conditions agreed
disepakati antar Perusahaan atau entitas anak between the Company or subsidiaries and the
dengan pihak-pihak berelasi. related parties.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 87 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. PERJANJIAN-PERJANJIAN DAN KOMITMEN 27. SIGNIFICANT AGREEMENTS AND
YANG SIGNIFIKAN COMMITMENTS
a. Perusahaan memiliki perjanjian distribusi a. The Company has an export distribution
ekspor (“Perjanjian Distribusi”) dengan HC agreement (“Distribution Agreement”) with HC
Trading Malta Limited dan HM Trading Global Trading Malta Limited and HM Trading Global
APAC Pte. Ltd., entitas anak Heidelberg APAC Pte. Ltd., subsidiaries of Heidelberg
Materials AG, yang berlaku sampai dengan Materials AG, which is effective until 10 April
10 April 2026. 2026.
b. Perusahaan mempunyai perjanjian dengan b. The Company has an outstanding agreement
Kementerian Lingkungan Hidup dan Kehutanan with the Ministry of Environment and Forestry of
Republik Indonesia (KLHK) mengenai The Republic of Indonesia (MEF) for the
eksploitasi bahan baku untuk semen, exploitation of raw materials for cement,
pembangunan prasarana dan fasilitas construction of infrastructure and other
pendukung lainnya di kawasan hutan seluas supporting facilities over 2,453.04 hectares of
2.453,04 hektar yang berlokasi di Kota Baru forest located in Kota Baru and Tanah Bumbu,
dan Tanah Bumbu, Kalimantan Selatan. South Kalimantan. Based on the agreement, the
Berdasarkan perjanjian tersebut, DK bersedia FD agreed to grant a license to the Company to
memberi izin kepada Perusahaan untuk exploit the above forest area for the above
menggunakan kawasan hutan di atas untuk mentioned purposes without any compensation.
tujuan tersebut di atas tanpa imbalan apapun. However, the Company is obliged to pay certain
Namun demikian, Perusahaan diwajibkan untuk expenses in accordance with applicable
membayar biaya-biaya tertentu sesuai dengan regulations, to reclaim and replant the
peraturan yang berlaku, menanam kembali unproductive area each year, to maintain the
wilayah yang tidak produktif setiap tahun, forest area borrowed by the Company and to
memelihara wilayah hutan yang dipinjam oleh develop local community livelihood. Such
Perusahaan dan mengembangkan kehidupan license is not transferable and will expire in April
masyarakat disekitarnya. Izin tersebut tidak 2027 for limestones and in April 2032 for clays
dapat dialihkan dan akan berakhir pada April and laterites.
2027 untuk batu gamping dan pada April 2032
untuk tanah lempung dan laterit.
c. Kelompok Usaha memiliki fasilitas bank c. The Group had unused bank guarantee,
garansi, cerukan dan letter of credit yang tidak overdraft and letter of credit facilities obtained
terpakai dari berbagai bank berjumlah from various banks amounted USD59,885,883
USD59.885.883 atau setara dengan or equivalent to Rp1,005,005 (2024:
Rp1.005.005 (2024: USD54.265.466 atau USD54,265,466 or equivalent to Rp877,038).
setara dengan Rp877.038)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
A. MANAJEMEN RISIKO A. RISK MANAGEMENT
Risiko utama dari instrumen keuangan The main risks arising from the Group’s
Kelompok Usaha adalah risiko pasar (risiko financial instruments are market risk (foreign
mata uang asing dan risiko harga komoditas), currency risk and commodity price risk), credit
risiko kredit dan risiko likuiditas. Direksi risk and liquidity risk. The Board of Directors
Perusahaan menelaah dan menyetujui reviews and approves policies for managing
kebijakan untuk mengelola risiko-risiko tersebut each of these risks, which are summarized as
yang dirangkum sebagai berikut: follows:
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 88 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
A. MANAJEMEN RISIKO (lanjutan) A. RISK MANAGEMENT (continued)
Risiko pasar Market risk
Risiko pasar adalah risiko dimana nilai wajar Market risk is the risk that the fair value of future
dari arus kas masa depan dari suatu instrumen cash flows of a financial instrument will fluctuate
keuangan akan berfluktuasi karena perubahan because of changes in market prices. The
harga pasar. Kelompok Usaha dipengaruhi oleh Group is exposed to market risks, in particular,
risiko pasar, terutama risiko mata uang asing foreign currency risk and commodity price risk.
dan risiko harga komoditas.
Risiko mata uang asing Foreign currency risk
Risiko mata uang asing adalah risiko dimana Foreign currency risk is the risk that the fair
nilai wajar atau arus kas masa mendatang dari value or future cash flows of a financial
suatu instrumen keuangan berfluktuasi karena instrument will fluctuate because of changes in
perubahan dari nilai tukar mata uang asing. foreign exchange rates. The Group’s exposure
Pengaruh dari risiko perubahan nilai tukar mata to the risk of changes in foreign exchange rates
uang asing terutama berhubungan dengan relates primarily to the Group’s operating
aktivitas Kelompok Usaha ketika pendapatan activities when revenue or expenses are
dan beban terjadi dalam mata uang yang denominated in a currency different from the
berbeda dari mata uang fungsional Kelompok Group’s functional currency.
Usaha.
Pada tanggal 31 Desember 2025, Kelompok As of 31 December 2025, the Group has
Usaha memiliki aset dan liabilitas keuangan financial assets and liabilities denominated in
dalam mata uang Dollar A.S. dan Euro sebagai U.S. Dollar and Euro as follows:
berikut:
Aset dalam Liabilitas dalam
mata uang mata uang
asing/ asing/ Setara dengan Rupiah/
Assets in Liabilities in Equivalent in Rupiah
foreign foreign Posisi neto/ 31 Desember/ 31 Maret/
currency currency Net position December 2025 March 2026
USD 27.822.917 (4.479.191) 23.343.726 391.754 396.680 USD
EUR 2.672.005 (12.354.966) (9.682.961) (191.270) (189.183) EUR
Sebagaimana disajikan dalam tabel di bawah The Rupiah currency has changed in value
ini, nilai mata uang Rupiah telah mengalami based on the middle rates of exchange
perubahan berdasarkan kurs tengah yang telah published by Bank Indonesia as shown below:
diterbitkan oleh Bank Indonesia:
31 Desember/ 31 Maret/
Mata uang asing December 2025 March 2026 Foreign currency
Euro (EUR) 19.753 19.538 Euro (EUR)
Dolar A.S. (USD) 16.782 16.993 U.S. Dollar (USD)
Jika aset dan liabilitas dalam mata uang asing Had the assets and liabilities denominated in
pada tanggal 31 Desember 2025 disajikan foreign currencies as of 31 December 2025
dengan menggunakan kurs tengah pada been reflected using the above middle rates of
tanggal 31 Maret 2026, maka aset neto dalam exchange as of 31 March 2026, the net foreign
mata uang asing, sebagaimana yang disajikan currency denominated asset, as presented
di atas, akan naik sekitar Rp7.013. above, would have increased by approximately
Rp7,013.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 89 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
A. MANAJEMEN RISIKO (lanjutan) A. RISK MANAGEMENT (continued)
Risiko mata uang asing (lanjutan) Foreign currency risk (continued)
Mata uang fungsional dan mata uang penyajian The Group’s functional currency and
Kelompok Usaha adalah Rupiah. Kelompok presentation currency are both the Rupiah. The
Usaha menghadapi risiko nilai tukar mata uang Group faces foreign exchange risk as export
asing karena penjualan ekspor dan beban atas sales and the costs of certain key purchases
beberapa pembelian utama dalam mata uang are either denominated in USD or whose price
USD atau harganya secara signifikan is significantly influenced by their benchmark
dipengaruhi oleh tolak ukur dalam mata uang price movements in foreign currencies (mainly
asing (terutama USD) seperti yang ditetapkan USD) as quoted in the international markets. To
pada pasar internasional. Dalam hal terdapat the extent that the revenues and purchases of
pendapatan dan pembelian oleh Kelompok the Group are denominated in currencies other
Usaha dalam mata uang selain Rupiah, maka than Rupiah, the Group has an exposure to
Kelompok Usaha menghadapi risiko mata uang foreign currency risk.
asing.
Kelompok Usaha memonitor secara ketat The Group closely monitors the foreign
fluktuasi dari nilai tukar mata uang asing dan exchange rate fluctuation and market
ekspektasi pasar sehingga dapat mengambil expectation so it can take necessary actions
langkah-langkah yang akan menguntungkan that will benefit the Group in due time.
Kelompok Usaha pada waktu yang tepat. Management currently does not consider the
Manajemen tidak menganggap perlu untuk necessity to enter into any currency
melakukan transaksi forward/swap mata uang forward/swaps.
asing saat ini.
Tabel berikut menunjukkan sensitivitas The following table demonstrates the sensitivity
terhadap kemungkinan perubahan yang wajar to a reasonably possible change in the USD and
dalam USD dan EUR, dengan semua variabel EUR exchange rates, with all other variables
lainnya dianggap tetap, maka laba sebelum held constant, thus the Group’s profit before tax
pajak Kelompok Usaha untuk tahun yang for the year ended 31 December 2025 and
berakhir pada tanggal 31 Desember 2025 dan 2024:
2024:
Efek kenaikan/ Efek kenaikan/
(penurunan) (penurunan)
Persentase terhadap terhadap
kenaikan laba sebelum laba sebelum
(penurunan)/ pajak 2025/ pajak 2024/
Increase Effect the increase Effect the increase
(decrease) /(decrease) on profit /(decrease) on profit
percentage before tax 2025 before tax 2024
USD - Rupiah 5% 19.588 5.274 USD - Rupiah
(5%) (19.588) (5.274)
EUR - Rupiah 5% (9.564) (8.565 ) EUR - Rupiah
(5%) 9.564 8.565
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Halaman 90 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
A. MANAJEMEN RISIKO (lanjutan) A. RISK MANAGEMENT (continued)
Risiko harga komoditas Commodity price risk
Dampak risiko harga komoditas yang dihadapi The Group’s exposure to commodity price risk
Kelompok Usaha terutama sehubungan relates primarily to the purchase of major raw
dengan pembelian bahan baku utama seperti materials, such as gypsum, coal and fuel. The
gypsum, batu bara dan bahan bakar. Harga prices of these raw materials are directly
bahan baku tersebut secara langsung affected by the foreign exchange rates (USD)
dipengaruhi oleh nilai tukar mata uang asing and the level of demand and supply in the
(USD) serta tingkat permintaan dan penawaran market.
di pasar.
Kebijakan Kelompok Usaha untuk The Group’s policy is to minimise the risks
meminimalkan risiko yang berasal dari fluktuasi arising from the fluctuations in the commodity
harga komoditas adalah dengan mengadakan prices by entering purchase contracts with
kontrak pembelian dengan para pemasok, suppliers, maintaining the optimum inventory
menjaga tingkat optimal persediaan gypsum, level of gypsum, coal and fuel to ensure
batu bara dan bahan bakar untuk produksi yang continuous production. In addition, the Group
berkelanjutan. Selain itu, Kelompok Usaha juga may seek to mitigate its risks by passing on the
berusaha mengurangi risiko tersebut dengan price increases to its customers.
cara mengalihkan kenaikan harga kepada
pelanggannya.
Risiko kredit Credit risk
Risiko kredit adalah risiko bahwa Kelompok Credit risk is the risk that the Group will incur a
Usaha akan mengalami kerugian yang timbul loss arising from its customers’ or
dari pelanggan atau pihak lawan yang gagal counterparties’ failure to fulfill their contractual
memenuhi kewajiban kontraktual mereka. obligations. Credit risk arises mainly from trade
Risiko kredit terutama berasal dari piutang receivables from customers relating to sale of
usaha dari para pelanggan sehubungan cement and ready-mix concrete products.
dengan penjualan produk semen dan beton
siap pakai.
Untuk mengurangi risiko ini, Kelompok Usaha To mitigate this risk, the Group has policies in
mempunyai kebijakan untuk memastikan place to ensure that sales of products are made
penjualan produk hanya dilakukan kepada only to creditworthy customers and have a good
pelanggan yang dapat dipercaya dan credit history. It is the Group’s policy that all
mempunyai sejarah kredit yang baik. Ini customers who wish to trade on credit are
merupakan kebijakan Kelompok Usaha dimana subject to credit verification procedures. The
semua pelanggan yang akan melakukan Group has policies that limit the amount of
pembelian secara kredit harus melalui prosedur credit exposure to any particular customer,
verifikasi kredit. Kelompok Usaha memiliki such as requiring distributors and customers to
kebijakan yang membatasi jumlah kredit untuk provide deposits/bank guarantee. In addition,
pelanggan tertentu, seperti, mengharuskan receivable balances are monitored on an
distributor dan pelanggan untuk memberikan ongoing basis to reduce the exposure to bad
uang muka/bank garansi. Selain itu, saldo debts.
piutang dimonitor secara terus menerus untuk
mengurangi kemungkinan piutang yang tidak
tertagih.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 91 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
A. MANAJEMEN RISIKO (lanjutan) A. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Ketika pelanggan tidak mampu melakukan When a customer fails to make payment within
pembayaran dalam jangka waktu yang telah the credit term granted, the Group contacts the
diberikan, Kelompok Usaha akan menghubungi customer to act on the overdue receivable. If
pelanggan untuk menindaklanjuti piutang yang the customer does not settle the overdue
telah lewat jatuh tempo. Jika pelanggan tidak receivable within a reasonable time, then the
melunasi piutang yang telah jatuh tempo dalam Group may apply the customer’s deposit
jangka waktu yang wajar, maka Kelompok against the receivable or collect from available
Usaha dapat menggunakan uang jaminan bank guarantee. The Group may proceed to
pelanggan atau mencairkan bank garansi commence legal proceedings if deemed
sebagai penyelesaian piutang. Kelompok necessary. Depending on the Group’s
Usaha akan menindaklanjuti melalui jalur assessment, specific provision may be made if
hukum jika dianggap perlu. Tergantung pada the receivable is deemed uncollectible.
penilaian Kelompok Usaha, cadangan khusus
mungkin dibuat jika piutang dianggap tidak
tertagih.
Untuk mengurangi risiko kredit, Kelompok To mitigate credit risk, the Group ceases the
Usaha akan menghentikan penyediaan semua supply of all products to the customer in the
produk kepada pelanggan jika terjadi event of late payment or default.
keterlambatan pembayaran atau wanprestasi.
Kelompok Usaha meminimalkan risiko kredit The Group minimises credit risk on its cash in
aset keuangan seperti kas di bank dan setara banks and cash equivalents by selecting
kas dengan memilih bank dengan reputasi baik reputable banks in the placement of its funds.
untuk penempatan dananya.
Tabel di bawah ini menunjukkan risiko kredit The table below shows the maximum exposure
maksimum untuk komponen-komponen dari to credit risk on the components of the
laporan posisi keuangan konsolidasian: consolidated statement of financial:
2025
Eksposur Eksposur
maksimum - maksimum -
bruto/Maximum neto/Maximum
exposure - exposure -
gross (1) net (2)
Aset keuangan pada biaya
perolehan diamortisasi: Financial assets at amortised cost:
Kas dan setara kas 5.872.748 5.872.748 Cash and cash equivalents
Piutang usaha - neto 2.751.091 2.248.765 Trade receivables - net
Piutang lain-lain 153.069 153.069 Other receivables
Aset keuangan tidak lancar lainnya 143.246 143.246 Other non-current financial assets
Jumlah 8.920.154 8.417.828 Total
(1) (1)
Aset keuangan bruto sebelum memperhitungkan uang jaminan Gross financial assets before taking into account any customers’
pelanggan, bank garansi dan Surat Kredit Berdokumen Dalam deposits, bank guarantees and “Surat Kredit Berdokumen Dalam
Negeri (SKBDN) dari pelanggan Negeri” (SKBDN) from customers.
(2) (2)
Aset keuangan bruto setelah memperhitungkan uang jaminan Gross financial assets after taking into account any customers’
pelanggan, bank garansi dan SKBDN dari pelanggan deposits, bank guarantees and SKBDN from customers
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 92 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
A. MANAJEMEN RISIKO (lanjutan) A. RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
2024
Eksposur Eksposur
maksimum - maksimum -
bruto/Maximum neto/Maximum
exposure - exposure -
gross (1) net (2)
Aset keuangan pada biaya
perolehan diamortisasi: Financial assets at amortised cost:
Kas dan setara kas 4.496.547 4.496.547 Cash and cash equivalents
Piutang usaha - neto 2.838.219 2.388.884 Trade receivables – net
Piutang lain-lain 174.073 174.073 Other receivables
Aset keuangan tidak lancar lainnya 131.622 131.622 Other non-current financial assets
Jumlah 7.640.461 7.191.126 Total
(1) (1)
Aset keuangan bruto sebelum memperhitungkan uang jaminan Gross financial assets before taking into account any customers’
pelanggan, bank garansi dan Surat Kredit Berdokumen Dalam deposits, bank guarantees and “Surat Kredit Berdokumen Dalam
Negeri (SKBDN) dari pelanggan Negeri” (SKBDN) from customers.
(2) (2)
Aset keuangan bruto setelah memperhitungkan uang jaminan Gross financial assets after taking into account any customers’
pelanggan, bank garansi dan SKBDN dari pelanggan deposits, bank guarantees and SKBDN from customers
Risiko likuiditas Liquidity risk
Kelompok Usaha mengelola profil likuiditasnya The Group manages its liquidity profile to be
untuk dapat membiayai pengeluaran modalnya able to finance its capital expenditure and
dan membayar utang yang jatuh tempo dengan service its maturing debts by maintaining
menjaga kecukupan kas dan ketersediaan sufficient cash and the availability of funding
pendanaan melalui analisa proyeksi keuangan through an analysis of financial projection which
yang dilakukan pada awal tahun. is performed at the beginning of the year.
Kelompok Usaha secara berkala mengevaluasi The Group regularly evaluates its projected and
proyeksi arus kas dan arus kas aktual untuk actual cash flows to ensure the availability of
memastikan ketersediaan dana untuk funds for its operations and to settle its maturing
memenuhi kebutuhan operasional dan obligations. In general, the funds needed to
pembayaran liabilitas yang jatuh tempo. Secara settle the current liabilities are obtained from
umum, dana yang dibutuhkan untuk melunasi sales activities to customers.
liabilitas jangka pendek diperoleh dari kegiatan
penjualan kepada pelanggan.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 93 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
A. MANAJEMEN RISIKO (lanjutan) A. RISK MANAGEMENT (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Tabel di bawah ini merupakan jadwal jatuh The table below summarises the maturity profile
tempo liabilitas keuangan Kelompok Usaha of the Group’s financial liabilities based on
berdasarkan pembayaran kontraktual semula original contractual undiscounted payments.
yang tidak didiskontokan.
Nilai tercatat
pada tanggal
Kurang dari/ Lebih dari/ 31 Desember 2025/
Below Over Carrying value as of
1 tahun/year 1-2 tahun/years 3-5 tahun/years 5 tahun/years 31 December 2025
Utang bank 1.100.000 1.000.000 - - 2.100.000 Bank loan
Utang usaha 1.608.597 - - - 1.608.597 Trade payables
Utang lain-lain 1.002.050 - - - 1.002.050 Other payables
Uang jaminan Customers’
pelanggan 114.279 - - - 114.279 deposits
Akrual 1.130.864 - - - 1.130.864 Accruals
Liabilitas imbalan Short-term
kerja jangka employee
pendek 360.312 - - - 360.312 benefit liabilities
Liabilitas sewa 456.275 328.653 2.156 1.714 788.798 Lease liabilities
Jumlah 5.772.377 1.328.653 2.156 1.714 7.104.900 Total
Nilai tercatat
pada tanggal
Kurang dari/ Lebih dari/ 31 Desember 2024/
Below Over Carrying value as of
1 tahun/year 1-2 tahun/years 3-5 tahun/years 5 tahun/years 31 December 2024
Utang bank 2.135.861 - - - 2.135.861 Bank loan
Utang usaha 1.790.625 - - - 1.790.625 Trade payables
Utang lain-lain 999.170 - - - 999.170 Other payables
Uang jaminan Customers’
pelanggan 93.820 - - - 93.820 deposits
Akrual 1.266.838 - - - 1.266.838 Accruals
Liabilitas imbalan Short-term
kerja jangka employee
pendek 348.212 - - - 348.212 benefit liabilities
Liabilitas sewa 345.204 105.728 2.358 1.188 454.478 Lease liabilities
Jumlah 6.979.730 105.728 2.358 1.188 7.089.004 Total
Pada tanggal 31 Desember 2025 dan 2024, As of 31 December 2025 and 2024, the total
jumlah saldo kas dan setara kas Kelompok outstanding balances of the Group’s cash and
Usaha masing-masing adalah sebesar cash equivalents amounted to Rp5,872,748
Rp5.872.748 dan Rp4.496.547. Manajemen and Rp4,496,547, respectively. Management
berpendapat bahwa jumlah tersebut cukup believes that the amount is sufficient to finance
untuk mendanai pengeluaran modal dan the Group’s capital expenditure and service its
pembayaran liabilitas yang jatuh tempo liabilities.
Kelompok Usaha.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 94 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
B. ASET DAN LIABILITAS KEUANGAN B. FINANCIAL ASSETS AND LIABILITIES
Tabel berikut menyajikan nilai tercatat, yang The following table sets out the carrying values,
mendekati estimasi nilai wajar, dari instrumen which approximate the estimated fair values, of
keuangan Kelompok Usaha: the Group’s financial instruments:
2025 2024
Aset keuangan Financial assets
Aset keuangan pada biaya
perolehan diamortisasi: Financial assets at amortised cost:
- Kas dan setara kas 5.872.748 4.496.547 Cash and cash equivalents -
- Piutang usaha - neto 2.751.091 2.838.219 Trade receivables - net -
- Piutang lain-lain 153.069 174.073 Other receivables -
- Aset keuangan tidak
lancar lainnya 143.246 131.622 Other non-current financial assets -
Jumlah 8.920.154 7.640.461 Total
Liabilitas keuangan Financial liabilities
Liabilitas keuangan yang diukur
dengan biaya perolehan Financial liabilities measured
diamortisasi: at amortised cost:
- Utang bank 2.000.000 2.000.000 Bank loan -
- Utang usaha 1.608.597 1.790.625 Trade payables -
- Utang lain-lain 1.002.050 999.170 Other payables -
- Uang jaminan pelanggan 114.279 93.820 Customers’ deposits -
- Akrual 1.130.864 1.266.838 Accruals -
- Liabilitas imbalan kerja jangka Short-term employee benefit -
pendek 360.312 348.212 liabilities
- Liabilitas sewa1) 743.494 438.744 Lease liabilities1) -
Jumlah 6.959.596 6.937.409 Total
1)
Nilai wajar atas liabilitas sewa dengan jatuh tempo lebih 1)
The fair value of the lease liabilities which has maturities
dari satu tahun diperkirakan mendekati nilai tercatat more than one year approximates its carrying value as the
karena suku bunga yang dibebankan mendekati suku interest rate charged approximates the market rate.
bunga pasar.
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received to
untuk menjual suatu aset atau harga yang akan sell an asset or paid to transfer a liability in an
dibayarkan untuk mengalihkan suatu liabilitas orderly transaction between market participants
dalam transaksi teratur antara pelaku pasar at the measurement date. The fair value
pada tanggal pengukuran. Pengukuran nilai measurement is based on the presumption that
wajar didasarkan pada anggapan bahwa the transaction to sell the asset or transfer the
transaksi untuk menjual suatu aset atau liability takes place either:
mengalihkan suatu liabilitas yang berlangsung
pada:
• Pasar utama untuk aset atau kewajiban, • In the principal market for the asset or
atau liability, or
• In the absence of a principal market, in the
• Dengan tidak adanya pasar utama, di pasar most advantageous market for the asset or
yang paling menguntungkan untuk aset liability.
atau kewajiban.
Page 520
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 95 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 28. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
B. ASET DAN LIABILITAS KEUANGAN B. FINANCIAL ASSETS AND LIABILITIES
(lanjutan) (continued)
Pasar utama atau pasar yang paling The principal or the most advantageous market
menguntungkan harus dapat diakses oleh must be accessible to the Group.
Kelompok Usaha.
Nilai wajar aset atau kewajiban diukur dengan The fair value of an asset or a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
pelaku pasar ketika menentukan harga aset participants would use when pricing the asset or
atau kewajiban, dengan asumsi bahwa pelaku liability, assuming that market participants act in
pasar bertindak dalam kepentingan terbaik their economic best interest.
ekonomi mereka.
C. MANAJEMEN MODAL C. CAPITAL MANAGEMENT
Ekuitas yang dapat diatribusikan kepada The equity attributable to the owners of the
pemilik entitas induk merupakan modal yang parent entity is the capital managed by the
dikelola oleh Kelompok Usaha. Tujuan utama Group. The primary objective of the Group’s
pengelolaan modal Kelompok Usaha adalah capital management is to ensure that it
untuk memastikan pemeliharaan rasio modal maintains healthy capital ratios in order to
yang sehat untuk mendukung usaha dan support its business and maximize shareholder
memaksimalkan nilai pemegang saham. value.
Kelompok Usaha mengelola struktur The Group manages its capital structure and
permodalan dan melakukan penyesuaian, makes adjustments to it, in light of changes in
berdasarkan perubahan kondisi ekonomi. economic conditions.
Tabel di bawah merupakan ringkasan dari The table below summarizes the total capital
jumlah modal yang terdapat pada Kelompok considered by the Group:
Usaha:
2025 2024
Modal saham 1.757.801 1.840.616 Capital stock
Tambahan modal disetor 843.325 2.698.863 Additional paid-in capital
Saham tresuri (1.662.991) (3.309.476) Treasury shares
Saldo laba 22.264.966 20.884.347 Retained earnings
Jumlah 23.203.101 22.114.350 Total
Page 521
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 96 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. AKTIVITAS YANG TIDAK MEMPENGARUHI 29. NON-CASH ACTIVITIES
ARUS KAS
Informasi pendukung laporan arus kas Supplementary information to the consolidated
konsolidasian sehubungan dengan aktivitas statement of cash flows relating to non-cash
investasi yang tidak mempengaruhi arus kas adalah investing activities are as follows:
sebagai berikut:
Catatan/
2025 Notes 2024
Penambahan aset tetap Additions to fixed assets
melalui pengkreditan: credited to:
Piutang usaha - 21.311 Trade receivables
Liabilitas sewa 818.453 13 172.493 Lease liabilities
Akrual 206.129 10 219.713 Accruals
Persediaan 74.438 149.336 Inventories
Utang usaha dan utang lain-lain 38.946 81.003 Trade and other payables
Aset tidak lancar lainnya 457 13.218 Other non-current assets
Provisi jangka panjang 26.115 37.149 Long-term provisions
Investasi pada entitas asosiasi yang Investment in an associate measured
diukur pada nilai wajar sebagai at fair value as a result
dampak hilangnya pengendalian of loss of control
atas entitas anak 283.057 - over a subsidiary
Akuisisi saham tresuri Acquisition of treasury shares
melalui utang lain-lain - 5.934 through other payables
30. REKONSILIASI UTANG BERSIH 30. NET DEBT RECONCILIATION
Pinjaman
dan utang
jangka panjang
lainnya
pihak ketiga/
Kas dan Loan and
setara kas/ Liabilitas long-term
Cash and sewa/ other payables
cash Lease to third Utang bank/ Jumlah/
equivalent liabilities parties Bank loan Total
______________________ ______________________ ______________________ ______________________ _____________________
Utang bersih pada Net debt as of
1 Januari 2025 4.496.547 (438.744) - (2.000.000) 2.057.803 1 January 2025
Arus kas 1.368.191 - - - 1.368.191 Cashflows
Perolehan Acquisition of
aset hak-guna right-of-use
melalui sewa - (818.453) - - (818.453) through lease
Pembayaran Payment
liabilitas sewa - 535.122 - - 535.122 lease liabilities
Penambahan Addition
pinjaman - - - (1.000.000) (1.000.000) borrowings
Pembayaran utang Payment of
bank - - - 1.000.000 1.000.000 bank loan
Penyesuaian lainnya 8.010 (21.419) - - (13.409) Other adjustments
______________________ ______________________ ______________________ ______________________ _____________________
Utang bersih pada Net debt as of
31 Desember 2025 5.872.748 (743.494) - (2.000.000) 3.129.254 31 December 2025
______________________ ______________________ ______________________ ______________________ _____________________
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PT INDOCEMENT TUNGGAL PRAKARSA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
Halaman 97 Page
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
31 DESEMBER 2025 DAN 2024 31 DECEMBER 2025 AND 2024
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. REKONSILIASI UTANG BERSIH (lanjutan) 30. NET DEBT RECONCILIATION (continued)
Pinjaman
dan utang
jangka panjang
lainnya
pihak ketiga/
Kas dan Loan and
setara kas/ Liabilitas long-term
Cash and sewa/ other payables
cash Lease to third Utang bank/ Jumlah/
equivalent liabilities parties bank loan Total
______________________ ______________________ ______________________ ______________________ _____________________
Utang bersih pada Net debt as of
1 Januari 2024 3.185.373 (804.861) - (2.000.000) 380.512 1 January 2024
Arus kas 1.296.283 - - - 1.296.283 Cashflows
Perolehan Acquisition of
aset hak-guna right-of-use
melalui sewa - (172.493) - - (172.493) through lease
Pembayaran Payment
liabilitas sewa - 568.005 - - 568.005 lease liabilities
Penambahan Addition
pinjaman - - - (2.000.000) (2.000.000) borrowings
Pembayaran utang Payment of
bank - - - 2.000.000 2.000.000 bank loan
Penyesuaian lainnya 14.891 (29.395) - - (14.504) Other adjustments
______________________ ______________________ ______________________ ______________________ _____________________
Utang bersih pada Net debt as of
31 Desember 2024 4.496.547 (438.744) - (2.000.000) 2.057.803 31 December 2024
______________________ ______________________ ______________________ ______________________ _____________________
Page 523
Cross-Reference dengan Surat Edaran
OJK No. 16/SEOJK.04/2021 Tentang
Bentuk dan Isi Laporan Tahunan
Emiten atau Perusahaan Publik
Cross-Reference with FSA Circular No. 16/SEOJK.04/2021 on the
Form and Contents of Annual Report of Issuers or Public Companies
Halaman
Isi Laporan Tahunan Contents of Annual Report
Page
Ketentuan Umum General Provisions
1. Laporan Tahunan paling sedikit memuat: 1. Annual Report at least includes: √
a. ikhtisar data keuangan penting; a. significant financial highlights;
b. informasi saham (jika ada); b. share information (if any);
c. laporan Direksi; c. Board of Directors’ report;
d. laporan Dewan Komisaris; d. Board of Commissioners’ report;
e. profil Emiten atau Perusahaan Publik; e. profiles of Issuer or Public Company;
f. analisis dan pembahasan manajemen; f. management discussion and analysis;
g. tata kelola Emiten atau Perusahaan Publik; g. governance of the Issuer or Public Company;
h. tanggung jawab sosial dan lingkungan Emiten atau h. social and environmental responsibility of Issuers and
Perusahaan Publik; Public Companies;
i. laporan keuangan yang telah diaudit; dan i. audited financial statements; and
j. surat pernyataan anggota Direksi dan anggota Dewan j. statement from the members of the Board of Directors
Komisaris tentang tanggung jawab atas Laporan and Board of Commissioners on the responsibility for
Tahunan. the Annual Report.
A. Ikhtisar Data Keuangan Penting
Significant Financial Highlights
Ikhtisar data keuangan penting memuat informasi Significant financial highlights contain financial 12-14
keuangan yang disajikan dalam bentuk perbandingan information presented in the form of three 3 (three) years
selama 3 (tiga) tahun buku atau sejak memulai usahanya comparison or from the start of business if the Issuer or
jika Emiten atau Perusahaan Publik tersebut menjalankan Public Company has conducted business activities for less
kegiatan usahanya kurang dari 3 (tiga) tahun, paling sedikit than 3 (three) years, at least includes:
memuat: 1) income/sales;
1) pendapatan/penjualan; 2) gross profit;
2) laba bruto; 3) profit (loss);
3) laba (rugi); 4) total comprehensive profit (loss) attributable to
4) jumlah laba (rugi) yang dapat diatribusikan kepada owners of the parent entity and non-controlling
pemilik entitas induk dan kepentingan non pengendali; interests;
5) total laba (rugi) komprehensif; 5) total comprehensive gain (loss);
6) jumlah laba (rugi) komprehensif yang dapat 6) total comprehensive gain (loss) attributable to owners
diatribusikan kepada pemilik entitas induk dan of the parent entity and non-controlling interests;
kepentingan non pengendali; 7) profit (loss) per share;
7) laba (rugi) per saham; 8) total assets;
8) jumlah aset; 9) total liabilities;
9) jumlah liabilitas; 10) total equity;
10) jumlah ekuitas; 11) profit (loss) to total assets ratio;
11) rasio laba (rugi) terhadap jumlah aset; 12) profit (loss) to equity ratio;
12) rasio laba (rugi) terhadap ekuitas; 13) profit (loss) to income/sales ratio;
13) rasio laba (rugi) terhadap pendapatan/penjualan; 14) current ratio;
14) rasio lancar; 15) liabilities to equity ratio;
15) rasio liabilitas terhadap ekuitas; 16) liabilities to total assets ratio; and
16) rasio liabilitas terhadap jumlah aset; dan 17) information and other financial ratios relevant to the
17) informasi dan rasio keuangan lainnya yang relevan Issuer or Public Company and the type of industry;
dengan Emiten atau Perusahaan Publik dan jenis
industrinya;
Laporan Tahunan 2025 Annual Report 523
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B. Informasi Saham
Stock Information
Informasi saham bagi Perusahaan Terbuka paling sedikit Share information of Public Company that at least 16-17
memuat: includes:
1) saham yang telah diterbitkan untuk setiap masa 1) shares issued for each quarter (if any) are presented
triwulan (jika ada) yang disajikan dalam bentuk in the form of a comparison over the past 2 (two)
perbandingan selama 2 (dua) tahun buku terakhir, financial years, at least including:
paling sedikit meliputi: a) total outstanding shares;
a) jumlah saham yang beredar; b) market capitalization based on prices on the
b) kapitalisasi pasar berdasarkan harga pada Bursa Stock Exchange where the shares are listed;
Efek tempat saham dicatatkan; c) the highest, lowest, and closing share prices are
c) harga saham tertinggi, terendah, dan penutupan based on the price on the Stock Exchange where
berdasarkan harga pada Bursa Efek tempat saham the shares are listed; and
dicatatkan; dan d) trading volume on the Stock Exchange where the
d) volume perdagangan pada Bursa Efek tempat shares are listed;
saham dicatatkan;
Informasi pada huruf b), huruf c), dan huruf d) hanya Information in b), c), and d) are only disclosed if the Issuer
diungkapkan jika Emiten merupakan Perusahaan Terbuka is a Public Company and its shares are listed on the Stock
dan sahamnya tercatat di Bursa Efek; Exchange;
2) dalam hal terjadi aksi korporasi, seperti pemecahan 2) in the event of corporate actions, such as stock 18
saham (stock split), penggabungan saham (reverse split, reverse stock, share dividends, bonus shares,
stock), dividen saham, saham bonus, dan perubahan and changes in the nominal value of shares, then
nilai nominal saham, informasi saham sebagaimana information on share prices as stated in the number 1)
dimaksud pada angka 1) ditambahkan penjelasan must add explanation regarding:
paling sedikit mengenai: a) date of corporate action;
a) tanggal pelaksanaan aksi korporasi; b) ratio of stock split, reverse stock, share dividends,
b) rasio pemecahan saham (stock split), bonus shares, and changes in the nominal value of
penggabungan saham (reverse stock), dividen shares;
saham, saham bonus, dan perubahan nilai c) total number of shares outstanding before and
nominal saham; after the corporate action; and d) share price
c) jumlah saham beredar sebelum dan sesudah before and after the corporate action;
aksi korporasi; dan d) harga saham sebelum dan
sesudah aksi korporasi;
3) dalam hal terjadi penghentian sementara perdagangan 3) in the event that the Company’s share trading is 17
saham (suspension), dan/atau penghapusan temporarily in suspension and/or delisting during the
pencatatan saham (delisting) dalam tahun buku, financial year, the Issuer or Public Company must
Emiten atau Perusahaan Publik menjelaskan explain the reasons for such temporary suspension
alasan penghentian sementara perdagangan saham and/or delisting of shares; and
(suspension) dan/atau penghapusan pencatatan
saham (delisting) tersebut; dan
4) dalam hal penghentian sementara perdagangan saham 4) in the event that the Company’s shares are still in 17
(suspension) dan/atau penghapusan pencatatan saham suspension and/or delisting as mentioned in 3) at the
(delisting) sebagaimana dimaksud pada angka 3) masih end of the Annual Report period, the Issuer or Public
berlangsung hingga akhir periode Laporan Tahunan, Company explains the actions taken to address the
Emiten atau Perusahaan Publik menjelaskan tindakan suspension and/or delisting;
yang dilakukan untuk menyelesaikan penghentian
sementara perdagangan saham (suspension) dan/atau
penghapusan pencatatan saham (delisting) tersebut;
C. Laporan Direksi 48-65
Board of Directors’ Report
Laporan Direksi paling sedikit memuat uraian singkat The Board of Directors’ report at least consists of brief
mengenai: description including:
1) kinerja Emiten atau Perusahaan Publik, paling sedikit 1) performance of the Issuer or Public Company that at
memuat: least includes:
a) strategi dan kebijakan strategis Emiten atau a) strategy and strategic policy of the Issuer or
Perusahaan Publik; Public Company;
b) peranan Direksi dalam perumusan strategi dan b) the Board of Directors’ role in preparing strategy
kebijakan strategis Emiten atau Perusahaan and strategic policy of the Issuer or Public
Publik; Company;
c) proses yang dilakukan Direksi untuk memastikan c) the process performed by the Board of Directors
implementasi strategi Emiten atau Perusahaan to ensure the strategy implementation of the
Publik; Issuer or Public Company;
d) perbandingan antara hasil yang dicapai dengan d) comparison between the results achieved and
yang ditargetkan Emiten atau Perusahaan Publik; targeted by the Issuer or Public Company; and
dan e) challenges faced by the Issuer or Public Company;
e) kendala yang dihadapi Emiten atau Perusahaan
Publik;
524 Laporan Tahunan 2025 Annual Report
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2) gambaran tentang prospek usaha Emiten atau 2) overview of the business prospect of the Issuer or
Perusahaan Publik; dan Public Company; and
3) penerapan tata kelola Emiten atau Perusahaan Publik. 3) governance implementation of Issuer or Public
Company.
D. Laporan Dewan Komisaris
36-47
Board of Commissioners’ Report
Laporan Dewan Komisaris paling sedikit memuat uraian The Board of Commissioners’ report at least consists of
singkat mengenai: brief description including:
1) penilaian terhadap kinerja Direksi mengenai 1) assessment of the Board of Directors’ performance
pengelolaan Emiten atau Perusahaan Publik, termasuk on the management of Issuer or Public Company,
pengawasan Dewan Komisaris dalam perumusan dan including supervising the Board of Commissioners in
implementasi strategi Emiten atau Perusahaan Publik preparing and implementing the strategies of Issuer or
yang dilakukan oleh Direksi; Public Company performed by the Board of Directors;
2) pandangan atas prospek usaha Emiten atau 2) a view of the business prospects of Issuer or Public
Perusahaan Publik yang disusun oleh Direksi; dan Company prepared by the Board of Directors; and
3) pandangan atas penerapan tata kelola Emiten atau 3) a view of the governance implementation of Issuer or
Perusahaan Publik. Public Company.
E. Profil Emiten atau Perusahaan Publik
Profiles of Issuer or Public Company
Profil Emiten atau Perusahaan Publik paling sedikit Profile of the Issuer or Public Company at least includes 68
memuat informasi: information of:
1) nama Emiten atau Perusahaan Publik termasuk 1) name of Issuer or Public Company including whether
apabila terdapat perubahan nama, alasan perubahan, there have been changes to the name and reason for
dan tanggal efektif perubahan nama pada tahun buku; such changes, and the effective date for the name
change occurring in the reporting year;
2) akses terhadap Emiten atau Perusahaan Publik 2) access to the Issuer or Public Company including 69
termasuk kantor cabang atau kantor perwakilan branch offices or representative offices from which
yang memungkinkan masyarakat dapat memperoleh the community may obtain information regarding the
informasi mengenai Emiten atau Perusahaan Publik, Issuer or Public Company, among others:
meliputi: a) address;
a) alamat; b) telephone number;
b) nomor telepon; c) email address; and
c) alamat surat elektronik; dan d) website;
d) alamat situs web;
3) riwayat singkat Emiten atau Perusahaan Publik; 3) a brief history of the Issuer or Public Company; 70-77
4) visi dan misi Emiten atau Perusahaan Publik serta 4) vision and mission of the Issuer or Public Company 78-80
budaya perusahaan (corporate culture) atau nilai-nilai and corporate culture or corporate values;
perusahaan;
5) kegiatan usaha menurut anggaran dasar terakhir, 5) business activities according to the latest articles 81-85
kegiatan usaha yang dijalankan pada tahun buku, serta of association, business activities performed in the
jenis barang dan/atau jasa yang dihasilkan; financial year, and types of goods and/or services
produced;
6) wilayah operasional Emiten atau Perusahaan Publik; 6) operational area of the Issuer or Public Company; 86-87
wilayah operasional merupakan wilayah atau daerah operational area is the area or regions for the
pelaksanaan kegiatan operasional atau jangkauan dari implementation of operational activities or the range
kegiatan operasional perusahaan dengan nama dan of the Company’s operational activities with the name
jabatan; and position of each;
7) struktur organisasi Emiten atau Perusahaan Publik 7) organization structure of the Issuer or Public Company 90-91
dalam bentuk bagan, paling sedikit sampai dengan in the form of a chart, detailing at least 1 (one) level
struktur 1 (satu) tingkat di bawah Direksi termasuk under the Board of Directors, including committee
komite di bawah Direksi (jika ada) dan komite di under the Board of Directors (if any) and committee
bawah Dewan Komisaris, disertai dengan nama dan under the Board of Commissioners, complete with the
jabatan; names and positions;
8) daftar keanggotaan asosiasi industri baik dalam skala 8) a list of industry association memberships both on 88
nasional maupun internasional yang berkaitan dengan a national and international scales related to the
penerapan keuangan berkelanjutan; implementation of sustainable finance;
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9) profil Direksi, paling sedikit memuat: 9) Board of Directors’ profile that includes at least: 100-106
a) nama dan jabatan yang sesuai dengan tugas dan a) name and position in line with the duties and
tanggung jawab; responsibility of each;
b) foto terbaru; b) latest photograph;
c) usia; c) age;
d) kewarganegaraan; d) nationality;
e) riwayat pendidikan dan/atau sertifikasi; e) educational background and/or certification;
f) riwayat jabatan, meliputi informasi: f) employment history, including:
(1) dasar hukum pengangkatan sebagai anggota (1) legal basis of appointment as member of the
Direksi pada Emiten atau Perusahaan Publik Board of Directors in the relevant Issuer or
yang bersangkutan; Public Company;
(2) rangkap jabatan, baik sebagai anggota Direksi, (2) concurrent positions, either as the Board of
anggota Dewan Komisaris, dan/atau anggota Directors’ member, Board of Commissioners’
komite serta jabatan lainnya baik di dalam member, and/or committee’s member as well
maupun di luar Emiten atau Perusahaan as other positions in and outside of the Issuer
Publik. or Public Company.
Dalam hal anggota Direksi tidak memiliki rangkap In the event that the Board of Directors’ member
jabatan, maka diungkapkan mengenai hal does not have any concurrent positions, such
tersebut; dan matter is disclosed; and
(3) pengalaman kerja beserta periode waktunya (3) work experience along with the term of
baik di dalam maupun di luar Emiten atau office in and outside of the Issuer or Public
Perusahaan Publik; Company;
g) hubungan afiliasi dengan anggota Direksi lainnya, g) affiliation with other Board of Directors’ members,
anggota Dewan Komisaris, pemegang saham Board of Commissioners’ members, main and
utama, dan pengendali baik langsung maupun controlling shareholders, either directly or
tidak langsung sampai kepada pemilik individu, indirectly up to the individual shareholders,
meliputi nama pihak yang terafiliasi. Dalam including the name of the affiliated party. In the
hal anggota Direksi tidak memiliki hubungan event that Board of Directors’ member has no
afiliasi, maka Emiten atau Perusahaan Publik affiliation, the Issuer or Public Company discloses
mengungkapkan hal tersebut; dan such matter; and
h) perubahan komposisi anggota Direksi dan h) changes in the composition of Board of Directors
alasan perubahannya. Dalam hal tidak terdapat members and the reasons of changes. In the
perubahan komposisi anggota Direksi, maka event that there is no change to the composition
diungkapkan mengenai hal tersebut; of the Board of Directors’ members, such matter
is disclosed;
10) profil Dewan Komisaris, paling sedikit memuat: 10) profile of Board of Commissioners that at least 92-99
a) nama dan jabatan; includes:
b) foto terbaru; a) name and position;
c) usia; b) latest photograph;
d) kewarganegaraan; c) age;
e) riwayat pendidikan dan/atau sertifikasi; d) nationality;
f) riwayat jabatan, meliputi informasi: e) educational background and/or certification;
(1) dasar hukum pengangkatan sebagai anggota f) employment history, including:
Dewan Komisaris; (1) legal basis of Board of Commissioners
(2) dasar hukum pengangkatan pertama kali members’ appointment;
sebagai anggota Dewan Komisaris yang (2) legal basis of initial appointment as Board
merupakan komisaris independen pada of Commissioners’ member, which is as
Emiten atau Perusahaan Publik yang independent commissioner at the relevant
bersangkutan; Issuer or Public Company;
(3) rangkap jabatan, baik sebagai anggota Dewan (3) concurrent positions, either as the Board of
Komisaris, anggota Direksi, dan/atau anggota Commissioners’ member, Board of Directors’
komite serta jabatan lainnya baik di dalam member, and/or committee’s member as well
maupun di luar Emiten atau Perusahaan as other positions in and outside of the Issuer
Publik. Dalam hal anggota Dewan Komisaris or Public Company. In the event that the
tidak memiliki rangkap jabatan, maka Board of Commissioners’ member does not
diungkapkan mengenai hal tersebut; dan have any concurrent positions, such matter is
(4) pengalaman kerja beserta periode waktunya disclosed; and
baik di dalam maupun di luar Emiten atau (4) work experience along with the term of
Perusahaan Publik; office in and outside of the Issuer or Public
g) hubungan afiliasi dengan anggota Dewan Company;
Komisaris lainnya, pemegang saham utama, dan g) affiliation with other Board of Commissioners’
pengendali baik langsung maupun tidak langsung members, main and controlling shareholders
sampai kepada pemilik individu, meliputi nama both directly or indirectly, up to the individual
pihak yang terafiliasi; Dalam hal anggota Dewan shareholders, including the name of the
Komisaris tidak memiliki hubungan afiliasi, maka affiliated party; In the event that the Board of
Emiten atau Perusahaan Publik mengungkapkan Commissioners’ members have no affiliation, the
hal tersebut; Issuer or Public Company discloses such matter;
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h) pernyataan independensi komisaris independen h) statement of independence of the independent
dalam hal komisaris independen telah menjabat commissioners, in the event that the independent
lebih dari 2 (dua) periode; dan commissioner has held the position for more than
i) perubahan komposisi anggota Dewan Komisaris 2 (two) periods; and
dan alasan perubahannya. Dalam hal tidak i) changes in the composition of Board of
terdapat perubahan komposisi anggota Dewan Commissioners members and the reasons of
Komisaris, maka diungkapkan mengenai hal changes. In the event that there have been
tersebut; changes to the Board of Commissioners’
composition, such composition is disclosed;
11) dalam hal terdapat perubahan susunan anggota 11) in the event that there have been changes to the 107
Direksi dan/atau anggota Dewan Komisaris yang terjadi composition of the Board of Directors and/or Board
setelah tahun buku berakhir sampai dengan batas of Commissioners occurring after the end of the
waktu penyampaian Laporan Tahunan, susunan yang reporting year up to the deadline for submission of
dicantumkan dalam Laporan Tahunan adalah susunan the Annual Report, the composition presented in the
anggota Direksi dan/atau anggota Dewan Komisaris Annual Report is the latest composition as well as the
yang terakhir dan sebelumnya; preceding one;
12) jumlah karyawan menurut jenis kelamin, jabatan, 12) number of employees by their gender, position, 136-137
usia, tingkat pendidikan, dan status ketenagakerjaan age, level of education, and employment status
(tetap/kontrak) dalam tahun buku; (permanent/contract) within the reporting year;
Pengungkapan informasi dapat disajikan dalam bentuk The information disclosure can be presented in the
tabel. form of table.
13) nama pemegang saham dan persentase kepemilikan 13) names of shareholders and the ownership percentage 108-110
pada awal dan akhir tahun buku, yang terdiri dari at the beginning and end of the reporting year,
informasi mengenai: a) pemegang saham yang including information on: a) shareholders with
memiliki 5% (lima persen) atau lebih saham Emiten ownership of more than 5% (five percent) or more
atau Perusahaan Publik; b) anggota Direksi dan in the Issuer or Public Company; b) members of the
anggota Dewan Komisaris yang memiliki saham Board of Directors and Board of Commissioners who
Emiten atau Perusahaan Publik. Dalam hal seluruh own shares in the Issuer or Public Company. In the
anggota Direksi dan/atau seluruh anggota Dewan event that all members of the Board of Directors and/
Komisaris tidak memiliki saham, maka diungkapkan or of the Board of Commissioners do not own any
mengenai hal tersebut; dan c) kelompok pemegang shares, such matter is disclosed; and c) the group of
saham masyarakat, yaitu kelompok pemegang saham public shareholders, namely the shareholders group
yang masing-masing memiliki kurang dari 5% (lima with each share ownership of less than 5% (five
persen) saham Emiten atau Perusahaan Publik; percent) of the Issuer or Public Company;
Informasi di atas dapat disajikan dalam bentuk tabel. Such information can be presented in the form of
table.
14) persentase kepemilikan tidak langsung atas saham 14) the percentage of indirect share ownership of the 110
Emiten atau Perusahaan Publik oleh anggota Direksi Issuer or Public Company by members of the Board of
dan anggota Dewan Komisaris pada awal dan akhir Directors and Board of Commissioners at the beginning
tahun buku, termasuk informasi mengenai pemegang and end of the financial year, including information on
saham yang terdaftar dalam daftar pemegang saham shareholders registered in the shareholder list for the
untuk kepentingan kepemilikan tidak langsung anggota benefit of indirect ownership of members of the Board
Direksi dan anggota Dewan Komisaris; of Directors and Board of Commissioners;
Dalam hal seluruh anggota Direksi dan/atau seluruh In the event that all members of the Board of Directors
anggota Dewan Komisaris tidak memiliki kepemilikan and/or of the Board of Commissioners do not have
tidak langsung atas saham Emiten atau Perusahaan indirect shares ownership of the Issuer or Public
Publik, maka diungkapkan mengenai hal tersebut. Company, such matter is disclosed.
15) jumlah pemegang saham dan persentase kepemilikan 15) number of shareholders and ownership percentage 110
per akhir tahun buku berdasarkan klasifikasi: a) as of the end of the financial year based on the
kepemilikan institusi lokal; b) kepemilikan institusi classifications of: a) local institution ownership;
asing; c) kepemilikan individu lokal; dan d) kepemilikan b) foreign institution ownership; c) local individual
individu asing; ownership; and d) foreign individual ownership;
16) informasi mengenai pemegang saham utama dan 16) information on the main and controlling shareholders 110
pengendali Emiten atau Perusahaan Publik, baik of the Issuer or Public Company, either directly
langsung maupun tidak langsung, sampai kepada or indirectly, up to individual owners, which are
pemilik individu, yang disajikan dalam bentuk skema presented in the form of schemes or diagrams;
atau bagan;
17) nama entitas anak, perusahaan asosiasi, perusahaan 17) names of subsidiaries, associated companies, joint 111-117
ventura bersama dimana Emiten atau Perusahaan ventures in which the Issuer or Public Company
Publik memiliki pengendalian bersama entitas (jika retains a joint controlling power (if any), as well as the
ada), beserta persentase kepemilikan saham, bidang percentage of shares ownership, line of business, total
usaha, total aset, dan status operasi entitas anak, assets, and operational status of the subsidiaries,
perusahaan asosiasi, perusahaan ventura bersama; associated companies, joint ventures;
Untuk entitas anak, ditambahkan informasi mengenai For subsidiaries, their addresses must be provided.
alamat entitas anak tersebut.
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18) kronologis pencatatan saham, jumlah saham, nilai 18) chronology of share listing, number of shares 118-119
nominal, dan harga penawaran dari awal pencatatan outstanding, nominal value, and offering price from
hingga akhir tahun buku serta nama bursa efek the time of the listing to the end of the reporting year,
dimana saham Emiten atau Perusahaan Publik as well as the name of the stock exchange on which
dicatatkan, termasuk pemecahan saham (stock split), the shares of the Issuer or Public Company are listed,
penggabungan saham (reverse stock), dividen saham, including stock split, reverse stock, share dividend,
saham bonus, dan perubahan nilai nominal saham, bonus shares, and changes in the shares’ par value,
pelaksanaan efek konversi, pelaksanaan penambahan implementation of conversion effects, implementation
dan pengurangan modal (jika ada); of capital additions and subtractions (if any);
19) informasi pencatatan efek lainnya selain efek 19) other securities listing information other than 120
sebagaimana dimaksud pada angka 18), yang belum securities as referred to in 18), which have not matured
jatuh tempo pada tahun buku paling sedikit memuat in the financial year at least including the name of the
nama efek, tahun penerbitan, tingkat suku bunga/ securities, year of issue, interest rate/yield, maturity
imbal hasil, tanggal jatuh tempo, nilai penawaran, dan date, offering value, and securities’ rate (if any);
peringkat efek (jika ada);
20) informasi penggunaan jasa akuntan publik 20) information on the use of the services of 120-122
(AP) dan kantor akuntan publik (KAP) beserta public accountant (AP) and public accounting
jaringan/asosiasi/aliansinya meliputi: a) firm (KAP) and their networks/associations/
nama dan alamat; b) periode penugasan; allies includes: a) name and address;
c) informasi jasa audit dan/atau non audit yang b) assignment period; c) information on audit and/or
diberikan; d) biaya jasa (fee) audit dan/atau non audit non-audit services provided; d) audit and/or non-audit
untuk masing-masing penugasan yang diberikan fees for each assignment given during the financial
selama tahun buku; dan e) dalam hal AP dan KAP year; and e) in the event that appointed AP and KAP
beserta jaringan/asosiasi/aliansinya, yang ditunjuk and their network/association/alliance do not provide
tidak memberikan jasa non audit, maka diungkapkan non-audit services, such information is disclosed; and
mengenai informasi tersebut; dan information disclosure on the use of AP and KAP
Pengungkapan informasi penggunaan jasa AP dan KAP services and their networks/associations/allies can be
beserta jaringan/asosiasi/aliansinya dapat disajikan presented in the form of table.
dalam bentuk tabel.
21) nama dan alamat lembaga dan/atau profesi penunjang 21) name and address of institution and/or profession 123-124
pasar modal selain AP dan KAP. supporting capital market besides AP and KAP.
F. Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Analisis dan pembahasan manajemen memuat analisis The management discussion and analysis contains
dan pembahasan mengenai laporan keuangan dan analysis and discusses the financial statements and
informasi penting lainnya dengan penekanan pada other significant information with emphasis on material
perubahan material yang terjadi dalam tahun buku, yaitu changes occurring during the reporting period, which at
paling sedikit memuat: least includes:
1) tinjauan operasi per segmen operasi sesuai dengan 1) operational review for each segment of operations in 153-162
jenis industri Emiten atau Perusahaan Publik, paling line with the business of the Issuer or Public Company,
sedikit mengenai: containing, among others:
a) produksi, yang meliputi proses, kapasitas, dan a) production, including process, capacity, and
perkembangannya; expansion;
b) pendapatan/penjualan; dan b) income/sales; and
c) profitabilitas; c) profitability;
2) kinerja keuangan komprehensif yang mencakup 2) a comprehensive analysis on the financial statements 163-176
perbandingan kinerja keuangan dalam 2 (dua) tahun that includes the comparison between the financial
buku terakhir, penjelasan tentang penyebab adanya performance in the last 2 (two) financial years, and
perubahan dan dampak perubahan tersebut, paling the explanation for the causes of the changes as
sedikit mengenai: well as the impact of such changes, including among
a) aset lancar, aset tidak lancar, dan total aset; others:
b) liabilitas jangka pendek, liabilitas jangka panjang, a) current assets, non current assets, and total
dan total liabilitas; assets;
c) ekuitas; b) current liabilities, non current liabilities, and total
d) pendapatan/penjualan, beban, laba (rugi), liabilities;
penghasilan komprehensif lain, dan total laba c) equity;
(rugi) komprehensif; dan d) income/sales, expenses, profit (loss), other
e) arus kas; comprehensive income, and total comprehensive
gain (loss); and
e) cash flows;
3) kemampuan membayar utang dengan menyajikan 3) the solvency by providing the relevant ratios; 176
perhitungan rasio yang relevan;
4) tingkat kolektibilitas piutang Emiten atau Perusahaan 4) the collectibility of the Issuer or Public Company by 177-178
Publik dengan menyajikan perhitungan rasio yang providing the relevant ratios;
relevan;
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5) struktur modal (capital structure) dan kebijakan 5) the capital structure and the management’s policy for 178-179
manajemen atas struktur modal (capital structure) the capital structure and the basis for such policy;
tersebut disertai dasar penentuan kebijakan dimaksud;
6) bahasan mengenai ikatan yang material untuk 6) description on material commitments for capital 179
investasi barang modal dengan penjelasan paling goods, along with the explanation on the purpose of
sedikit meliputi: such commitments, including:
a) tujuan dari ikatan tersebut; a) objectives of such commitments;
b) sumber dana yang diharapkan untuk memenuhi b) source of funding to fulfill such commitments;
ikatan tersebut; c) currencies in which the commitments are
c) mata uang yang menjadi denominasi; dan denominated; and
d) langkah yang direncanakan Emiten atau d) measures planned by the Issuer or Public
Perusahaan Publik untuk melindungi risiko dari Company to protect risk from related foreign
posisi mata uang asing yang terkait; currency’s position;
7) bahasan mengenai investasi barang modal yang 7) description on the investments on capital goods 179-180
direalisasikan dalam tahun buku terakhir, paling realized within the last reporting year, at least
sedikit meliputi: including:
a) jenis investasi barang modal; a) type of capital goods investment;
b) tujuan investasi barang modal; dan b) objectives of capital goods investment; and
c) nilai investasi barang modal yang dikeluarkan; c) amount disbursed for the capital goods
investment;
8) informasi dan fakta material yang terjadi setelah 8) material information and facts subsequent to the 180
tanggal laporan akuntan (jika ada); accountant’s reporting date (if any);
9) prospek usaha dari Emiten atau Perusahaan Publik 9) business prospect of the Issuer or Public Company 194
dikaitkan dengan kondisi industri, ekonomi secara related to the conditions in the industry, general
umum dan pasar internasional disertai data pendukung economy, and international markets, supported with
kuantitatif dari sumber data yang layak dipercaya; quantitative data from reputable and reliable sources;
10) perbandingan antara target/proyeksi pada awal tahun 10) comparison between the targets/projections at the 180-182
buku dengan hasil yang dicapai (realisasi), mengenai: beginning of the financial year and the achieved
a) pendapatan/penjualan; results (realization), pertaining to:
b) laba (rugi); a) income/sales;
c) struktur modal (capital structure); atau b) profit (loss);
d) hal lainnya yang dianggap penting bagi Emiten c) capital structure; or
atau Perusahaan Publik; d) other aspects considered significant for the Issuer
or Public Company;
11) target/proyeksi yang ingin dicapai Emiten atau 11) targets/projections to be realized by the Issuer or 182
Perusahaan Publik untuk 1 (satu) tahun mendatang, Public Company for the next 1 (one) year, pertaining to:
mengenai: a) income/sales;
a) pendapatan/penjualan; b) profit (loss);
b) laba (rugi); c) capital structure;
c) struktur modal (capital structure); d) dividend policy; or
d) kebijakan dividen; atau e) other aspects considered significant for the Issuer
e) hal lainnya yang dianggap penting bagi Emiten or Public Company;
atau Perusahaan Publik;
12) aspek pemasaran atas barang dan/atau jasa Emiten 12) aspect of marketing of the goods and/or services 151-152
atau Perusahaan Publik, paling sedikit mengenai of the Issuer or Public Company, at least including
strategi pemasaran dan pangsa pasar; marketing strategy and market share;
13) uraian mengenai dividen selama 2 (dua) tahun buku 13) description on dividends for the last 2 (two) financial 182-183
terakhir, paling sedikit: years, including at least:
a) kebijakan dividen, antara lain memuat informasi a) dividend policy, which includes information on the
persentase jumlah dividen yang dibagikan percentage of dividends distributed to net profit;
terhadap laba bersih; b) date and amount of cash dividend payout and/or
b) tanggal pembayaran dividen kas dan/atau tanggal date of non-dividend distribution;
distribusi dividen non kas; c) amount of dividend per share (cash and/or non-
c) jumlah dividen per saham (kas dan/atau non kas); cash); and
dan d) total dividend distributed per year;
d) jumlah dividen per tahun yang dibayar; The information disclosure can be presented in
Pengungkapan informasi dapat disajikan dalam the form of table. In the event that the Issuer or
bentuk tabel. Dalam hal Emiten atau Perusahaan Public Company does not distribute dividends in
Publik tidak membagikan dividen dalam 2 (dua) the last 2 (two) years, such matter is disclosed.
tahun terakhir, maka diungkapkan mengenai hal
tersebut.
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14) realisasi penggunaan dana hasil penawaran umum, 14) realization of the use of proceeds of the public 184
dengan ketentuan: offering, under the following provisions:
a) dalam hal selama tahun buku, Emiten memiliki a) if during the financial year, the Issuer has an
kewajiban menyampaikan laporan realisasi obligation to submit a report on the use of
penggunaan dana, maka diungkapkan realisasi proceeds, the realization of the use of proceeds
penggunaan dana hasil penawaran umum secara resulting from a public offering must be disclosed
kumulatif sampai dengan akhir tahun buku; dan cumulatively until the end of financial year; and
b) dalam hal terdapat perubahan penggunaan dana b) in the event that there is a change in the use of
sebagaimana diatur dalam Peraturan Otoritas proceeds as stipulated in the Financial Services
Jasa Keuangan tentang Laporan Realisasi Authority Regulation on the Realization Report of
Penggunaan dana hasil penawaran umum, maka the Use of Proceeds from a public offering, the
Emiten menjelaskan perubahan tersebut; issuer is obliged to explain such changes;
15) informasi material (jika ada), antara lain mengenai 15) material information (if any), among others of 184-186
investasi, ekspansi, divestasi, penggabungan/ investment, expansion, divestment, merger/
peleburan usaha, akuisisi, restrukturisasi utang/modal, acquisition, debt/capital restructuring, transactions
transaksi afiliasi, dan transaksi yang mengandung with related parties, transactions with conflict of
benturan kepentingan, yang terjadi pada tahun buku, interest, which occurred in the reporting year, with the
antara lain memuat: descriptions on:
a) tanggal, nilai, dan objek transaksi; a) date, value, and object of the transaction;
b) nama pihak yang melakukan transaksi; b) name of party conducting transaction;
c) sifat hubungan afiliasi (jika ada); c) nature of the realtionship between related parties
d) penjelasan mengenai kewajaran transaksi; dan (if any);
e) pemenuhan ketentuan terkait; d) explanation of transaction fairness; and
f) dalam hal terdapat hubungan afiliasi, selain e) fulfillment of relevant provisions;
mengungkapkan informasi sebagaimana dimaksud f) in the event that there is relationship, apart from
dalam huruf a) sampai dengan huruf e), Emiten disclosing the information as referred to in a) up
atau Perusahaan Publik juga mengungkapkan to e), the Issuer or Public Company also discloses
informasi: the information of:
(1) pernyataan Direksi bahwa transaksi afiliasi (1) statement from the Board of Directors that
telah melalui prosedur yang memadai the affiliate transaction has been carried
untuk memastikan bahwa transaksi afiliasi out through adequate procedures to ensure
dilaksanakan sesuai dengan praktik bisnis that the related party transaction is done in
yang berlaku umum antara lain dilakukan accordance with generally accepted business
dengan memenuhi prinsip transaksi yang practices, among others, by complying with
wajar (Arm's Length Principle); dan the Arm's Length Principle; and
(2) peran Dewan Komisaris dan komite audit (2) the roles of the Board of Commissioners
dalam melakukan prosedur yang memadai and the audit committee in performing
untuk memastikan bahwa transaksi afiliasi adequate procedures to ensure that affiliated
dilaksanakan sesuai dengan praktik bisnis transactions are carried out in accordance
yang berlaku umum antara lain dilakukan with generally accepted business practices,
dengan memenuhi prinsip transaksi yang among others, by complying with the Arm's
wajar (Arm's Length Principle); Length Principle;
g) untuk transaksi afiliasi atau transaksi material g) for related party transactions or material
yang merupakan kegiatan usaha yang dijalankan transactions which are business activities
dalam rangka menghasilkan pendapatan usaha performed to generate business income
dan dijalankan secara rutin, berulang, dan/atau and performed regularly, repeatedly, and/or
berkelanjutan, ditambahkan penjelasan bahwa continuously, explanation of such transactions
transaksi afiliasi atau transaksi material tersebut is added that the related party transactions or
merupakan kegiatan usaha yang dijalankan material transactions are business activities
dalam rangka menghasilkan pendapatan usaha carried out to generate business income and
dan dijalankan secara rutin, berulang, dan/atau are performed regularly, repeatedly, and/or
berkelanjutan; Dalam hal transaksi afiliasi atau continuously; In the event that such transactions
transaksi material dimaksud telah diungkapkan have been disclosed in the annual financial
dalam laporan keuangan tahunan, ditambahkan statements, additional information on the
informasi mengenai rujukan pengungkapan dalam disclosure reference in the annual financial
laporan keuangan tahunan tersebut. statements is added.
h) untuk pengungkapan transaksi afiliasi dan/ h) for disclosure of the related party transactions and/
atau transaksi benturan kepentingan yang or conflict of interest transactions which are the
merupakan hasil pelaksanaan transaksi afiliasi result of implementing related party transactions
dan/atau transaksi benturan kepentingan yang and/or conflict of interest transactions that have
telah disetujui pemegang saham independen, been approved by independent shareholders,
ditambahkan informasi mengenai tanggal information on the date of the GMS which
pelaksanaan RUPS yang menyetujui transaksi approved such transactions is added;
afiliasi dan/atau transaksi benturan kepentingan i) in the event that there are no related party
tersebut; transactions and/or conflict of interest
i) dalam hal tidak terdapat transaksi afiliasi dan/ transactions, such matter is disclosed;
atau transaksi benturan kepentingan, maka
diungkapkan mengenai hal tersebut;
16) perubahan ketentuan peraturan perundang-undangan 16) changes in the laws and regulations that significantly 187-192
yang berpengaruh signifikan terhadap Emiten atau affect the Issuer or Public Company and their impacts
Perusahaan Publik dan dampaknya terhadap laporan on the financial statements (if any); and
keuangan (jika ada); dan
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17) perubahan kebijakan akuntansi, alasan dan dampaknya 17) amendments to accounting policies, reasons for 193-194
terhadap laporan keuangan (jika ada); such changes, and their impacts on the financial
statements (if any);
G. Tata Kelola Emiten atau Perusahaan Publik
Governance of the Issuer or Public Company
Tata kelola Emiten atau Perusahaan Publik paling sedikit The governance of the Issuer or Public Company includes 206-224
memuat uraian singkat mengenai: brief description on at least the following:
1) RUPS, paling sedikit memuat: 1) GMS that at least includes:
a) Informasi mengenai keputusan RUPS pada tahun a) Information on the GMS resolutions of the
buku dan 1 (satu) tahun sebelum tahun buku reporting year and of the previous 1 (one) year
meliputi: including:
(1) keputusan RUPS pada tahun buku dan 1 (satu) (1) GMS resolutions of the reporting year and of
tahun sebelum tahun buku yang direalisasikan the previous 1 (one) year which are realized in
pada tahun buku; dan the reporting year; and
(2) keputusan RUPS pada tahun buku dan (2) GMS resolutions of the reporting year and of
1 (satu) tahun sebelum tahun buku yang the previous 1 (one) year which have not been
belum direalisasikan beserta alasan belum realized and the reasons for not realizing
direalisasikan; them;
b) dalam hal Emiten atau Perusahaan Publik b) in the event that the Issuer or Public Company uses
menggunakan pihak independen dalam an independent party in the GMS implementation
pelaksanaan RUPS untuk melakukan perhitungan to calculate the votes, such matter is disclosed;
suara, maka diungkapkan mengenai hal tersebut;
2) Direksi, paling sedikit memuat: 2) Board of Directors that at least includes: 241-257
a) tugas dan tanggung jawab masing-masing anggota a) duties and responsibilities of each Board of
Direksi; Directors’ member;
Informasi mengenai tugas dan tanggung jawab Information on the duties and responsibilities
masing-masing anggota Direksi diuraikan dan of each member of the Board of Directors is
dapat disajikan dalam bentuk tabel. described and can be presented in the form of
b) pernyataan bahwa Direksi memiliki pedoman atau table.
piagam (charter) Direksi; b) statement that the Board of Directors has the
c) kebijakan dan pelaksanaan frekuensi rapat Board of Directors’ charter;
Direksi, rapat Direksi bersama Dewan Komisaris, c) policy and implementation of meeting frequency
dan tingkat kehadiran anggota Direksi dalam of the Board of Directors’ meetings, Board of
rapat tersebut termasuk kehadiran dalam RUPS; Directors’ meetings with Board of Commissioners,
Informasi tingkat kehadiran anggota Direksi and the attendance of the Board of Directors’
dalam rapat Direksi, rapat Direksi bersama Dewan members in such meetings, or GMS shall be
Komisaris, atau RUPS dapat disajikan dalam presented in the form of table.
bentuk tabel. d) training and/or competence development of
d) pelatihan dan/atau peningkatan kompetensi Board of Directors’ members:
anggota Direksi: (1) training policies and/or competency
(1) kebijakan pelatihan dan/atau peningkatan development for members of the Board of
kompetensi anggota Direksi, termasuk Directors, including an orientation program
program orientasi bagi anggota Direksi yang for the newly appointed members (if any); and
baru diangkat (jika ada); dan (2) training and/or competency development
(2) pelatihan dan/atau peningkatan kompetensi participated in by the Board of Directors’
yang diikuti anggota Direksi dalam tahun buku members in the reporting year (if any);
(jika ada); e) the Board of Directors’ assessment on the
e) penilaian Direksi terhadap kinerja komite yang performance of the committee that support the
mendukung pelaksanaan tugas Direksi pada tahun implementation of the Board of Directors’ duties
buku paling sedikit memuat: for the reporting year includes:
(1) prosedur penilaian kinerja; dan (1) performance assessment procedure; and
(2) kriteria yang digunakan seperti capaian (2) the criteria used are performance
kinerja selama tahun buku, kompetensi dan achievements during the reporting year,
kehadiran dalam rapat; dan competence and meetings’ attendance; and
f) dalam hal Emiten atau Perusahaan Publik tidak f) in the event that the Issuer or Public Company
memiliki komite yang mendukung pelaksanaan does not have a committee that supports the
tugas Direksi, maka diungkapkan mengenai hal implementation of the Board of Directors’ duties,
tersebut. such matter is disclosed.
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3) Dewan Komisaris, paling sedikit memuat: 3) Board of Commissioners that at least includes: 225-241
a) tugas dan tanggung jawab Dewan Komisaris; a) duties and responsibilities of Board of
b) pernyataan bahwa Dewan Komisaris memiliki Commissioners;
pedoman atau piagam (charter) Dewan Komisaris; b) statement that the Board of Commissioners has
c) kebijakan dan pelaksanaan frekuensi rapat Dewan the Board of Commissioners’ charter;
Komisaris, rapat Dewan Komisaris bersama Direksi c) policy and implementation of meeting frequency
dan tingkat kehadiran anggota Dewan Komisaris of the Board of Commissioners’ meetings, Board of
dalam rapat tersebut termasuk kehadiran dalam Commissioners’ meetings with Board of Directors
RUPS; and the attendance of Board of Commissioners’
Informasi tingkat kehadiran anggota Dewan members in such meetings including attendance
Komisaris dalam rapat Dewan Komisaris, rapat at the GMS;
Dewan Komisaris bersama Direksi, atau RUPS Information on the attendance level of Board
dapat disajikan dalam bentuk tabel. of Commissioners’ members at the Board
d) pelatihan dan/atau peningkatan kompetensi of Commissioners’ meetings, the Board of
anggota Dewan Komisaris: Commissioners’ meetings with the Board of
(1) kebijakan pelatihan dan/atau peningkatan Directors, or the GMS can be presented in the
kompetensi anggota Dewan Komisaris, form of table.
termasuk program orientasi bagi anggota d) training and/or competence development of
Dewan Komisaris yang baru diangkat (jika Board of Commissioners’ members:
ada); dan (1) training policies and/or competency
(2) pelatihan dan/atau peningkatan kompetensi development for members of the Board of
yang diikuti anggota Dewan Komisaris dalam Commissioners, including an orientation
tahun buku (jika ada); program for the newly appointed members (if
e) penilaian kinerja Direksi dan Dewan Komisaris any); and
serta masing-masing anggota Direksi dan anggota (2) training and/or competency development
Dewan Komisaris, paling sedikit memuat: participated in by the Board of Commissioners’
(1) prosedur pelaksanaan penilaian kinerja; members in the reporting year (if any);
(2) kriteria yang digunakan seperti capaian e) performance assessment of the Board of Directors
kinerja selama tahun buku, kompetensi dan and the Board of Commissioners as well as each
kehadiran dalam rapat; dan member of the Board of Directors and the Board
(3) pihak yang melakukan penilaian; dan of Commissioners, at least including:
f) penilaian Dewan Komisaris terhadap kinerja (1) performance assessment procedure;
Komite yang mendukung pelaksanaan tugas (2) the criteria used are performance
Dewan Komisaris pada tahun buku meliputi: achievements during the reporting year,
(1) prosedur penilaian kinerja; dan competence and meetings’ attendance; and
(2) kriteria yang digunakan seperti capaian (3) assessor; and
kinerja selama tahun buku, kompetensi dan f) the Board of Commissioners’ assessment on the
kehadiran dalam rapat; performance of the Committee that support the
implementation of the Board of Commissioners’
duties for the reporting year includes:
(1) performance assessment procedure; and
(2) the criteria used are performance
achievements during the reporting year,
competence and meetings’ attendance;
4) Nominasi dan remunerasi Direksi dan Dewan 4) The nomination and remuneration of the Board of 283-287
Komisaris, paling sedikit memuat: Directors and the Board of Commissioners at least
a) prosedur nominasi, meliputi uraian singkat consists of:
mengenai kebijakan dan proses nominasi anggota a) nomination procedures, including brief
Direksi dan/atau anggota Dewan Komisaris; dan descriptions of the policies and processes for
b) prosedur dan pelaksanaan remunerasi Direksi dan nominations for the members of the Board of
Dewan Komisaris, antara lain: Directors and/or Board of Commissioners; and
(1) prosedur penetapan remunerasi Direksi dan b) procedures and implementation of remuneration
Dewan Komisaris; for the Board of Directors and the Board of
(2) struktur remunerasi Direksi dan Dewan Commissioners, among others:
Komisaris seperti, gaji, tunjangan, tantiem/ (1) remuneration procedure for the Board of
bonus dan lainnya; dan Directors and Board of Commissioners;
(3) besarnya remunerasi masing-masing anggota (2) the remuneration structure of the Board of
Direksi dan anggota Dewan Komisaris; Directors and the Board of Commissioners
Pengungkapan informasi dapat disajikan such as salary, allowances, tantiem/bonus
dalam bentuk tabel. and others; and
(3) the amount of remuneration for each member
of the Board of Directors and of the Board of
Commissioners; The information disclosure
can be presented in the form of table.
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5) Dewan pengawas syariah, bagi Emiten atau Perusahaan 5) The sharia supervisory board, for the Issuer or Public N/A
Publik yang menjalankan kegiatan usaha berdasarkan Company that carries out business activities based
prinsip syariah sebagaimana tertuang dalam anggaran on sharia principles as stated in the articles of
dasar, paling sedikit memuat: association, at least consists of:
a) nama; a) name;
b) dasar hukum pengangkatan dewan pengawas b) legal basis of appointment as sharia supervisory
syariah; board;
c) periode penugasan dewan pengawas syariah; c) term of office of sharia supervisory board;
d) tugas dan tanggung jawab dewan pengawas d) duties and responsibilities of the sharia
syariah; dan supervisory board; and
e) frekuensi dan cara pemberian nasihat dan saran e) frequency and mechanism for providing advice
serta pengawasan pemenuhan prinsip syariah di and recommendations as well as supervision of
pasar modal terhadap Emiten atau Perusahaan the sharia principles fulfillment in the capital
Publik; market towards the Issuer or Public Company;
6) Komite audit, paling sedikit memuat: 6) Audit committee that at least includes: 288-298
a) nama dan jabatannya dalam keanggotaan komite; a) names and positions in the committee;
b) usia; b) age;
c) kewarganegaraan; c) nationality;
d) riwayat pendidikan; d) education;
e) riwayat jabatan, meliputi informasi: e) employment history, including:
• dasar hukum penunjukan sebagai anggota • legal basis of appointment as member of the
komite; committee;
• rangkap jabatan, baik sebagai anggota Dewan • concurrent positions, either as the Board of
Komisaris, anggota Direksi, dan/atau anggota Commissioners’ member, Board of Directors’
komite serta jabatan lainnya (jika ada); dan member, and/or committee’s member as well
• pengalaman kerja beserta periode waktunya as other positions (if any); and
baik di dalam maupun di luar Emiten atau • work experience along with the term of office
Perusahaan Publik; in and outside of the Issuer or Public Company;
f) periode dan masa jabatan anggota komite audit; f) term of office of audit committee’s member;
g) pernyataan independensi komite audit; g) statement of independence of audit committee;
h) kebijakan dan pelaksanaan tentang frekuensi h) policy and implementation of audit committee’s
rapat komite audit dan tingkat kehadiran anggota meeting and the audit committee members’
komite audit dalam rapat tersebut; attendance frequency in such meetings;
i) pendidikan dan/atau pelatihan yang telah diikuti i) education and/or training participated in within
dalam tahun buku (jika ada); dan the reporting year (if any); and
j) pelaksanaan kegiatan komite audit pada tahun j) the implementation of the audit committee’s
buku sesuai dengan yang dicantumkan dalam activities in the reporting year is in line with those
pedoman atau piagam (charter) komite audit; stated in the audit committee charter;
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7) komite atau fungsi nominasi dan remunerasi Emiten 7) committee or function of nomination and remuneration 299-306
atau Perusahaan Publik, paling sedikit memuat: of the Issuer or Public Company, at least consists of:
a) nama dan jabatannya dalam keanggotaan komite; a) names and positions in the committee;
b) usia; b) age;
c) kewarganegaraan; c) nationality;
d) riwayat pendidikan; d) education;
e) riwayat jabatan, meliputi informasi: e) employment history, including:
(1) dasar hukum penunjukan sebagai anggota (1) legal basis of appointment as member of the
komite; committee;
(2) rangkap jabatan, baik sebagai anggota Dewan (2) concurrent positions, either as the Board of
Komisaris, anggota Direksi, dan/atau anggota Commissioners’ member, Board of Directors’
komite serta jabatan lainnya (jika ada); dan member, and/or committee’s member as well
(3) pengalaman kerja beserta periode waktunya as other positions (if any); and
baik di dalam maupun di luar Emiten atau (3) work experience along with the term of
Perusahaan Publik; office in and outside of the Issuer or Public
f) periode dan masa jabatan anggota komite; Company;
g) pernyataan independensi komite; f) term of office of committee’s member;
h) pelatihan dan/atau peningkatan kompetensi yang g) statement of independence of committee;
telah diikuti dalam tahun buku (jika ada); h) education and/or competency development
i) uraian tugas dan tanggung jawab; participated in within the reporting year (if any);
j) pernyataan bahwa telah memiliki pedoman atau i) description of duties and responsibilities;
piagam (charter); j) statement that the charter is present;
k) kebijakan dan pelaksanaan frekuensi rapat dan
tingkat kehadiran anggota dalam rapat tersebut; k) policy and implementation of meeting and the
l) uraian singkat pelaksanaan kegiatan pada tahun members’ attendance frequency in such meetings;
buku; dan l) brief description of the activities implementation
m) dalam hal tidak dibentuk komite nominasi dan within the reporting year; and
remunerasi, Emiten atau Perusahaan Publik m) in the event that no nomination and remuneration
cukup mengungkapkan informasi sebagaimana committee is formed, the Issuer or Public
dimaksud dalam huruf i) sampai dengan huruf l) Company only needs to disclose the information
dan mengungkapkan: as referred to in i) up to l) and discloses:
(1) alasan tidak dibentuknya komite; dan (1) reasons for not forming the committee; and
(2) pihak yang melaksanakan fungsi nominasi dan (2) the party carrying out the nomination and
remunerasi; remuneration function;
8) komite lain yang dimiliki Emiten atau Perusahaan 8) other committee in the Issuer or Public Company that 307-340
Publik dalam rangka mendukung fungsi dan tugas have been established to assist the functions and
Direksi dan/ atau Dewan Komisaris, seperti Komite duties of the Board of Directors and/or the Board of
Nominasi dan Remunerasi, mencakup antara lain: Commissioners, such as Nomination and Remuneration
a) nama dan jabatannya dalam keanggotaan komite; Committee, at least containing information on:
b) usia; a) names and positions in the committee;
c) kewarganegaraan; b) age;
d) riwayat pendidikan; c) nationality;
e) riwayat jabatan, meliputi informasi: d) education;
(1) dasar hukum penunjukan sebagai anggota e) employment history, including:
komite; (1) legal basis of appointment as member of the
(2) rangkap jabatan, baik sebagai anggota Dewan committee;
Komisaris, anggota Direksi, dan/atau anggota (2) concurrent positions, either as the Board of
komite serta jabatan lainnya (jika ada); dan Commissioners’ member, Board of Directors’
(3) pengalaman kerja beserta periode waktunya member, and/or committee’s member as well
baik di dalam maupun di luar Emiten atau as other positions (if any); and
Perusahaan Publik; (3) work experience along with the term of
f) periode dan masa jabatan anggota komite; office in and outside of the Issuer or Public
g) uraian tugas dan tanggung jawab; Company;
h) pernyataan bahwa telah memiliki pedoman atau f) term of office of committee’s member;
piagam (charter) komite; g) description of duties and responsibilities;
i) pernyataan independensi komite; h) statement that the committee charter is present;
j) kebijakan dan pelaksanaan tentang frekuensi i) statement of independence of committee;
rapat komite dan tingkat kehadiran anggota j) policy and implementation committee’s meeting
komite dalam rapat tersebut; and the committee members’ attendance
k) pendidikan dan/atau pelatihan yang telah diikuti frequency in such meetings;
dalam tahun buku (jika ada); dan k) education and/or training participated in within
l) uraian singkat pelaksanaan kegiatan komite pada the reporting year (if any); and
tahun buku; l) brief description of implementation of the
committee’s activities within the financial year;
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9) Sekretaris perusahaan, mencakup antara lain: 9) Corporate secretary, including: 341-349
a) nama; a) name;
b) domisili; b) domicile;
c) riwayat jabatan, meliputi informasi: c) employment history, including:
• dasar hukum penunjukan sebagai Sekretaris • legal basis of appointment as Corporate
Perusahaan; dan Secretary; and
• pengalaman kerja beserta periode waktunya • work experience along with the term of office
baik di dalam maupun di luar Emiten atau in and outside of the Issuer or Public Company;
Perusahaan Publik; d) education;
d) riwayat pendidikan; e) education and/or training participated in within
e) pendidikan dan/atau pelatihan yang diikuti dalam the reporting year; and
tahun buku; dan f) brief description of duty implementation of
f) uraian singkat pelaksanaan tugas sekretaris corporate secretary within the financial year;
perusahaan pada tahun buku;
10) Unit audit internal, mencakup antara lain: 10) Internal audit unit, including: 352-359
a) nama kepala unit audit internal; a) name of the head of internal audit unit;
b) riwayat jabatan, meliputi informasi: b) employment history, including:
• dasar hukum penunjukan sebagai kepala unit • legal basis of appointment as the head of
audit internal; dan internal audit unit; and
• pengalaman kerja beserta periode waktunya • work experience along with the term of
baik di dalam maupun di luar Emiten atau office in and outside of the Issuer or Public
Perusahaan Publik; Company;
c) kualifikasi atau sertifikasi sebagai profesi audit c) qualifications and certifications related to the
internal (jika ada); internal audit profession (if any);
d) pendidikan dan/atau pelatihan yang diikuti dalam d) education and/or training participated in within
tahun buku; the reporting year;
e) struktur dan kedudukan unit audit internal; e) internal audit unit’s structure and position;
f) uraian tugas dan tanggung jawab; f) description of duties and responsibilities;
g) pernyataan bahwa telah memiliki pedoman atau g) statement that the internal audit unit charter is
piagam (charter) unit audit internal; dan present; and
h) uraian singkat pelaksanaan tugas unit audit h) brief description on the duties execution of
internal pada tahun buku termasuk kebijakan the internal audit unit within the reporting year
dan pelaksanaan frekuensi rapat dengan Direksi, including policies and implementation of meeting
Dewan Komisaris, dan/atau komite audit; frequency with the Board of Directors, Board of
Commissioners, and/or audit committee;
11) uraian mengenai sistem pengendalian internal 11) description on internal control system implemented 368-372
(internal control) yang diterapkan oleh Emiten atau in the Issuer or Public Company, at least including:
Perusahaan Publik, paling sedikit mengenai: a) finance and operations control, and compliance
a) pengendalian keuangan dan operasional, serta to other laws and regulations; and
kepatuhan terhadap peraturan perundang- b) overview of the effectiveness of internal control
undangan lainnya; dan system; and
b) tinjauan atas efektivitas sistem pengendalian c) statement of the Board of Directors and/or Board
internal; dan of Commissioners on the adequacy of the internal
c) pernyataan Direksi dan/atau Dewan Komisaris control system;
atas kecukupan sistem pengendalian internal;
12) sistem manajemen risiko yang diterapkan oleh Emiten 12) risk management system implemented in the Issuer 360-367
atau Perusahaan Publik, paling sedikit mengenai: or Public Company, including at least:
a) gambaran umum mengenai sistem manajemen a) overview of the risk management system in the
risiko Emiten atau Perusahaan Publik; Issuer or Public Company;
b) jenis risiko dan cara pengelolaannya; b) type of risks and risk mitigation measures;
c) tinjauan atas efektivitas sistem manajemen risiko c) review on the effectiveness of risk management
Emiten atau Perusahaan Publik; dan system in the Issuer or Public Company; and
d) pernyataan Direksi dan/atau Dewan Komisaris d) statement of the Board of Directors and/or the
atau komite audit atas kecukupan sistem Board of Commissioners or the audit committee
manajemen risiko; on the adequacy of the risk management system;
13) perkara penting yang dihadapi oleh Emiten atau 13) significant cases faced by the Issuer or Public Company, 373
Perusahaan Publik, entitas anak, anggota Direksi subsidiaries, members of the Board of Directors and
dan anggota Dewan Komisaris (jika ada), antara lain Board of Commissioners (if any), including, among
meliputi: others:
a) pokok perkara/gugatan; a) principal case/lawsuit;
b) status penyelesaian perkara/gugatan; dan b) case/lawsuit settlement status; and
c) pengaruhnya terhadap kondisi Emiten atau c) impact on the condition of the Issuer or Public
Perusahaan Publik; Company;
14) informasi tentang sanksi administratif yang dikenakan 14) information on administrative sanctions imposed to 373
kepada Emiten atau Perusahaan Publik, anggota the Issuer or Public Company, members of the Board of
Dewan Komisaris dan Direksi, oleh otoritas Pasar Commissioners and the Board of Directors, by Capital
Modal dan otoritas lainnya pada tahun buku (jika ada); Market or other authorities within the reporting year
(if any);
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15) informasi mengenai kode etik Emiten atau Perusahaan 15) information on the code of conduct of the Issuer or 378-380
Publik meliputi: Public Company, including:
a) pokok-pokok kode etik; a) principles of the code of conduct;
b) bentuk sosialisasi kode etik dan upaya b) form of code of conduct dissemination and means
penegakannya; dan to enforce the code of conduct; and
c) pernyataan bahwa kode etik berlaku bagi anggota c) statement that the code of conduct applies to
Direksi, anggota Dewan Komisaris, dan karyawan the members of the Board of Directors, Board of
Emiten atau Perusahaan Publik; Commissioners, and the employees of the Issuer
or Public Company;
16) uraian singkat mengenai kebijakan pemberian 16) brief description of the policy on providing long-term 183
kompensasi jangka panjang berbasis kinerja kepada performance-based compensation to management
manajemen dan/atau karyawan yang dimiliki oleh and/or employees owned by the Issuer or Public
Emiten atau Perusahaan Publik (jika ada), antara lain Company (if any), including the management stock
berupa program kepemilikan saham oleh manajemen ownership program (MSOP) and/or employee stock
(management stock ownership program/MSOP) dan/ ownership program (ESOP);
atau program kepemilikan saham oleh karyawan
(employee stock ownership program/ESOP);
Dalam hal pemberian kompensasi berupa program In terms of providing compensation in the form of a
kepemilikan saham oleh manajemen (management management stock ownership program (MSOP) and/
stock ownership program/MSOP) dan/atau program or an employee stock ownership program (ESOP), the
kepemilikan saham oleh karyawan (employee information disclosed at least consists of:
stock ownership program/ESOP), informasi yang a) total shares and/or options;
diungkapkan paling sedikit memuat: b) duration of implementation;
a) jumlah saham dan/atau opsi; c) requirements for eligible employees and/or
b) jangka waktu pelaksanaan; management; and
c) persyaratan karyawan dan/atau manajemen yang d) exercise price or determination of exercise price;
berhak; dan
d) harga pelaksanaan atau penentuan harga
pelaksanaan;
17) uraian singkat mengenai kebijakan pengungkapan 17) brief description of the information disclosure policy 388-389
informasi mengenai: regarding:
a) kepemilikan saham anggota Direksi dan anggota a) shares ownership of members of the Board of
Dewan Komisaris paling lambat 3 (tiga) hari Directors and Board of Commissioners no later
kerja setelah terjadinya kepemilikan atau setiap than 3 (three) working days after the occurrence
perubahan kepemilikan atas saham Perusahaan of ownership or any change in ownership of the
Terbuka; dan shares of the Public Company; and
b) pelaksanaan atas kebijakan dimaksud; b) implementation of such policy;
18) uraian mengenai sistem pelaporan pelanggaran 18) description on the whistleblowing system in the Issuer 385-387
(whistleblowing system) di Emiten atau Perusahaan or Public Company (if any), including, among others:
Publik (jika ada), antara lain meliputi: a) whistleblowing mechanism;
a) cara penyampaian laporan pelanggaran; b) protection for whistleblower;
b) perlindungan bagi pelapor; c) report handling;
c) penanganan pengaduan; d) party managing report; and
d) pihak yang mengelola pengaduan; dan e) results of the report handling, at least including:
e) hasil dari penanganan pengaduan, paling sedikit • the number of reports received and processed
meliputi: in the reporting year; and
• jumlah pengaduan yang masuk dan diproses • report follow-up
dalam tahun buku; dan In the event that the Issuer or Public Company does
• tindak lanjut pengaduan not have a whistleblowing system, such matter is
Dalam hal Emiten atau Perusahaan Publik disclosed.
tidak memiliki sistem pelaporan pelanggaran
(whistleblowing system), maka diungkapkan mengenai
hal tersebut.
19) uraian mengenai kebijakan antikorupsi Emiten atau 19) description of the anti-corruption policy of the Issuer 381-383
Perusahaan Publik, paling sedikit memuat: or Public Company, at least including:
a) program dan prosedur yang dilakukan dalam a) programs and procedures implemented in
mengatasi praktik korupsi, balas jasa (kickbacks), handling the practice of corruption, kickbacks,
fraud, suap dan/atau gratifikasi dalam Emiten fraud, bribery and/or gratuities within the Issuer
atau Perusahaan Publik; dan or Public Company; and
b) pelatihan/sosialisasi antikorupsi kepada karyawan b) anti-corruption training/dissemination to
Emiten atau Perusahaan Publik; Dalam hal Emiten employees of the Issuer or Public Company; In the
atau Perusahaan Publik tidak memiliki kebijakan event that the Issuer or Public Company does not
antikorupsi, maka dijelaskan alasan tidak have an anti-corruption policy, the reasons for not
dimilikinya kebijakan dimaksud. having such policy are explained.
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20) penerapan atas pedoman tata kelola Perusahaan 20) implementation of Public Company governance 393-400
Terbuka bagi Emiten yang menerbitkan efek bersifat guidelines for Issuers issuing equity-based securities
ekuitas atau Perusahaan Publik, meliputi: or Public Company, including:
a) pernyataan mengenai rekomendasi yang telah a) statement of recommendations that have been
dilaksanakan; dan/atau implemented; and/or
b) penjelasan atas rekomendasi yang belum b) explanation of recommendations that have not
dilaksanakan, disertai alasan dan alternatif been implemented, with reasons and alternatives
pelaksanaannya (jika ada). for their implementation (if any).
Pengungkapan informasi dapat disajikan dalam bentuk The information disclosure can be presented in table form.
tabel.
H. Tanggung Jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik
Social and Environmental Responsibility of Issuer or Public Company
1) Informasi yang diungkapkan dalam bagian tanggung 1) Information disclosed in the social and environmental √
jawab sosial dan lingkungan merupakan Laporan responsibility section is a Sustainability Report as
Keberlanjutan (Sustainability Report) sebagaimana referred in the Financial Services Authority Regulation
dimaksud dalam Peraturan Otoritas Jasa Keuangan Number 51/POJK.03/2017 on Implementation of
Nomor 51/POJK.03/2017 tentang Penerapan Keuangan Sustainable Finance for Financial Services Institutions,
Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, Issuers, and Public Companies, including at least:
dan Perusahaan Publik, paling sedikit memuat: a) explanation of sustainability strategy;
a) penjelasan strategi keberlanjutan; b) an overview of (economic, social, and
b) ikhtisar aspek keberlanjutan (ekonomi, sosial, dan environmental) sustainability aspects;
lingkungan hidup); c) a brief profile of the Issuer or Public Company;
c) profil singkat Emiten atau Perusahaan Publik; d) explanation from the Board of Directors;
d) penjelasan Direksi; e) sustainable governance;
e) tata kelola keberlanjutan; f) sustainability performance;
f) kinerja keberlanjutan; g) written verification from an independent party, if
g) verifikasi tertulis dari pihak independen, jika ada; any;
h) lembar umpan balik (feedback) untuk pembaca, h) feedback sheet for readers, if any; and
jika ada; dan i) response of the Issuer or Public Company to the
i) tanggapan Emiten atau Perusahaan Publik previous year’s report feedback;
terhadap umpan balik laporan tahun sebelumnya;
2) Laporan Keberlanjutan sebagaimana dimaksud pada 2) Sustainability Report as referred to in 1) shall be √
angka 1), harus disusun sesuai Pedoman Teknis prepared in accordance with the Technical Guidelines
Penyusunan Laporan Keberlanjutan (Sustainability for the Preparation of a Sustainability Report for
Report) Bagi Emiten dan Perusahaan Publik Issuers and Public Companies as stipulated in
sebagaimana tercantum dalam Lampiran II yang Attachment II which is an integral part of this Financial
merupakan bagian tidak terpisahkan dari Surat Edaran Services Authority Circular Letter;
Otoritas Jasa Keuangan ini;
3) informasi Laporan Keberlanjutan (Sustainability 3) information on the Sustainability Report in 1) can be: √
Report) pada angka 1) dapat: a) disclosed in other relevant sections outside the
a) diungkapkan pada bagian lain yang relevan di luar social and environmental responsibility, such
bagian tanggung jawab sosial dan lingkungan, as the Board of Directors’ explanation on the
seperti penjelasan Direksi terkait Laporan Sustainability Report disclosed in the section
Keberlanjutan diungkapkan dalam bagian terkait related to the Board of Directors’ Report; and/or
Laporan Direksi; dan/atau b) referred to other sections outside the social and
b) merujuk pada bagian lain di luar bagian tanggung environmental responsibility while still referring
jawab sosial dan lingkungan dengan tetap to the Technical Guidelines for the Preparation
mengacu pada Pedoman Teknis Penyusunan of Sustainability Reports for Issuers and Public
Laporan Keberlanjutan (Sustainability Report) Companies as stipulated in Attachment II which is
Bagi Emiten dan Perusahaan Publik sebagaimana an integral part of this Financial Services Authority
tercantum dalam Lampiran II yang merupakan Circular Letter, such as profiles of the Issuer or
bagian tidak terpisahkan dari Surat Edaran Public Company;
Otoritas Jasa Keuangan ini, seperti profil Emiten
atau Perusahaan Publik;
4) Laporan Keberlanjutan (Sustainability Report) 4) The Sustainability Report as referred to in 1) is an √
sebagaimana dimaksud pada angka 1) merupakan inseparable part of the Annual Report but can be
bagian yang tidak terpisahkan dari Laporan Tahunan presented separately from the Annual Report;
namun dapat disajikan secara terpisah dengan
Laporan Tahunan;
Laporan Tahunan 2025 Annual Report 537
Page 538
Halaman
Isi Laporan Tahunan Contents of Annual Report
Page
5) Dalam hal Laporan Keberlanjutan disajikan secara 5) In the event that the Sustainability Report is presented √
terpisah dengan Laporan Tahunan, informasi yang separately from the Annual Report, the information
diungkapkan dalam Laporan Keberlanjutan dimaksud disclosed in the Sustainability Report shall:
harus: a) consist of all the information as referred to in 1);
a) memuat seluruh informasi sebagaimana dimaksud and
pada angka 1); dan b) be prepared in accordance with the Technical
b) disusun sesuai Pedoman Teknis Penyusunan Guidelines for the Preparation of a Sustainability
Laporan Keberlanjutan (Sustainability Report) Report for Issuers and Public Companies as
Bagi Emiten dan Perusahaan Publik sebagaimana stipulated in Attachment II which is an integral
tercantum dalam Lampiran II yang merupakan part of this Financial Services Authority Circular
bagian tidak terpisahkan dari Surat Edaran Letter;
Otoritas Jasa Keuangan ini;
6) Dalam hal Laporan Keberlanjutan disajikan secara 6) In the event that the Sustainability Report is √
terpisah dengan Laporan Tahunan, maka dalam presented separately from the Annual Report, the
bagian tanggung jawab sosial dan lingkungan memuat social and environmental responsibility section shall
informasi bahwa informasi mengenai tanggung jawab include explanation that information on social and
sosial dan lingkungan telah diungkapkan dalam environmental responsibility has been disclosed in the
Laporan Keberlanjutan yang disajikan secara terpisah Sustainability Report which is presented separately
dari Laporan Tahunan; dan from the Annual Report; and
7) Penyampaian Laporan Keberlanjutan (Sustainability 7) Submission of the Sustainability Report which is √
Report) yang disajikan secara terpisah dengan Laporan presented separately from the Annual Report must be
Tahunan harus disampaikan bersamaan dengan submitted together with the submission of the Annual
penyampaian Laporan Tahunan. Report.
I. Laporan Keuangan Tahunan yang telah Diaudit
Audited Annual Financial Statements
Laporan keuangan tahunan yang dimuat dalam Laporan The annual financial statements incorporated into this √
Tahunan disusun sesuai dengan standar akuntansi Annual Report are prepared in line with the financial
keuangan di Indonesia dan telah diaudit oleh akuntan accounting standards in Indonesia as audited by public
publik yang terdaftar di Otoritas Jasa Keuangan. Laporan accountant that registered in Financial Services Authority.
keuangan dimaksud memuat pernyataan mengenai The financial statements include a statement on the
pertanggungjawaban atas laporan keuangan sebagaimana responsibility on the financial statements as stipulated
diatur dalam peraturan perundang-undangan di sektor in laws and regulations in the Capital Market sector on
Pasar Modal yang mengatur mengenai tanggung jawab the Board of Directors’ Responsibility for the financial
Direksi atas laporan keuangan atau peraturan perundang- statements or in laws and regulations in the Capital
undangan di sektor Pasar Modal yang mengatur mengenai Market sector on periodic reports of Securities Companies
laporan berkala Perusahaan Efek dalam hal Emiten in the event that the Issuer is a Securities Company; and
merupakan Perusahaan Efek; dan
J. Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang Tanggung Jawab atas Laporan Tahunan
Statement from Members of the Board of Directors and Board of Commissioners on Their Responsibility for the Annual
Report
Surat pernyataan anggota Direksi dan anggota Dewan Statements from the members of the Board of Directors 412-413
Komisaris tentang tanggung jawab atas Laporan Tahunan and Board of Commissioners on the responsibility for the
disusun sesuai dengan format Surat Pernyataan Anggota Annual Report are prepared in accordance with the format
Direksi dan Anggota Dewan Komisaris tentang Tanggung of Statements from Members of the Board of Directors
Jawab atas Laporan Tahunan sebagaimana tercantum and Board of Commissioners on Responsibilities for the
dalam Lampiran I yang merupakan bagian tidak terpisahkan Annual Report as stipulated in the Attachment I which is
dari Surat Edaran Otoritas Jasa Keuangan ini. an integral part of this Circular Letter of Financial Services
Authority.
538 Laporan Tahunan 2025 Annual Report
Page 539
Laporan Tahunan 2025 Annual Report 539
Page 540
Names mentioned 196 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT IND OC EM EN T TU NG
p.5
unresolved
org
Kantor Akuntan Publik Public Accountant
p.8
unresolved
person
Organ Pendukung
· Komisaris
p.9
unresolved
org
Kementerian Lingkungan Hidup Gold PROPER and Green PROPER
p.20
unresolved
org
Ministry of Environment
p.20
unresolved
org
Pemerintah Provinsi Jawa Barat
p.20 ×2
unresolved
org
Kementerian Desa
p.21
unresolved
org
Ministry of Villages
p.21
unresolved
org
Departemen Teknik Lingkungan
p.21
unresolved
org
PT Sucofindo
p.21 ×4
unresolved
org
Pengawas Tenaga Nuklir Performa Sangat Baik
p.22
unresolved
org
Pemerintah Kabupaten Cirebon Tahun
p.22
unresolved
org
Pemerintah Kabupaten Bogor Wajib Pajak Terbaik-Pajak Mineral Bukan Logam dan Batuan
p.22
unresolved
org
Pemberi Sertifikasi Masa Berakhir
p.23 ×4
unresolved
org
Pemberi Sertifikasi
p.27 ×3
unresolved
org
PT SGS Indonesia
p.28 ×2
unresolved
org
Kementerian Perindustrian
p.28 ×3
unresolved
org
Ministry of Industry
p.28 ×3
unresolved
org
Kementerian Tenaga Kerja
p.28 ×3
unresolved
org
Ministry of Manpower
p.28 ×3
unresolved
org
PT Samudra Harmoni Prakarsa. Indocement
p.30
unresolved
org
PT Samudra Harmoni Prakarsa.
p.30 ×5
unresolved
org
PT Modula Tiga Dimensi
p.31 ×2
unresolved
org
PT Pionirbeton Industri
p.32 ×5
unresolved
org
PT Cipta Mortar Utama
p.32 ×5
unresolved
org
PT Mortar Prakarsa Utama
p.32 ×4
unresolved
person
Committee
· Komisaris
p.45
unresolved
person
Committees’
· Komisaris
p.45
unresolved
org
Indocement Tunggal Tbk.
p.49 ×5
unresolved
org
PT Semen
p.53 ×2
unresolved
org
PT Semen Bosowa Maros
p.53 ×5
unresolved
org
PT Bosowa
p.53
unresolved
org
PT Bosowa Corporindo
p.53 ×3
unresolved
org
Pemerintah Kabupaten Paser
p.54
unresolved
org
Pemerintah Kabupaten Banjar
p.54
unresolved
org
PT Pionirbeton
p.57
unresolved
org
PT Cipta
p.57
unresolved
org
Bank Indonesia
p.58
unresolved
person
Akta Notaris Deni Thanur
p.68 ×2
unresolved
org
Menteri Hukum dan Hak Asasi Manusia Republik Indonesia Nomor AHU-
p.68
unresolved
person
Notary Ridwan Suselo
p.68 ×3
unresolved
org
Minister of Law and Human Rights
p.68
unresolved
org
Indonesia Stock Exchange
p.68 ×3
unresolved
person
Surel
· Corporate Secretary
p.69
unresolved
org
PT Semen Grobogan.
p.69 ×9
unresolved
org
PT Distinct Indonesia Cement
p.70
unresolved
org
PT Distinct Indonesia Cement Enterprise
p.70 ×2
unresolved
org
PT Perkasa Indonesia Cement Enterprise
p.70 ×2
unresolved
org
PT Perkasa Indah Indonesia Cement Putih Enterprise
p.70 ×3
unresolved
org
PT Perkasa Agung Utama Indonesia Cement Enterprise
p.70 ×3
unresolved
org
PT Perkasa Inti Abadi Indonesia Cement Enterprise
p.70 ×3
unresolved
org
PT Perkasa Abadi Mulia Indonesia Cement Enterprise
p.70 ×3
unresolved
org
PT Inti Cahaya Manunggal
p.70 ×7
unresolved
person
Suselo
p.70
unresolved
person
Benny Kristianto
· Notaris
p.70
unresolved
org
Kimmeridge Enterprise Pte. Ltd.
p.70 ×5
unresolved
org
PT Semen Bosowa Banyuwangi
p.71
unresolved
org
PT Indocement
p.71 ×6
unresolved
org
HeidelbergCement South-East Asia GmbH
p.72 ×3
unresolved
org
HeidelbergCement SouthEast Asia GmbH
p.72
unresolved
org
PT Tridaya Manunggal Perkasa Cement
p.73 ×2
unresolved
org
PT Indo Kodeco Cement
p.73
unresolved
org
Pte. Ltd.
p.73
unresolved
org
PT Indo Kodeco
p.73
unresolved
org
PT Mandiri Sejahtera Sentra
p.74 ×4
unresolved
org
PT Dian Abadi Perkasa
p.74 ×2
unresolved
org
PT Indomix Perkasa
p.74 ×2
unresolved
org
PT Bahana Indonor
p.74 ×3
unresolved
org
PT Bahana Indonor’s
p.74
unresolved
org
PT Terang Prakarsa Cipta
p.74 ×2
unresolved
org
PT Sari Bhakti Sejati
p.74 ×2
unresolved
org
PT Makmur Abadi Perkasa Mandiri.
p.74 ×2
unresolved
org
PT Tarabatuh Manunggal.
p.76 ×2
unresolved
org
Kota Nusantara
p.76
unresolved
org
Omnia Ltd.
p.76
unresolved
org
PT Amita Prakarsa Hijau
p.77 ×2
unresolved
org
Layanan Umum Daerah Unit Pengelola Sampah Terpadu
p.77
unresolved
person
Kumala Tjahjani Widodo
· Notaris
p.81
unresolved
org
Minister of Menteri Hukum dan HAM Republik Indonesia
p.81
unresolved
org
Ministry of Law and Human Dasarnya
p.81
unresolved
org
Kementerian
p.81
unresolved
org
PT Semen Grobogan. Semen Grobogan PCC
p.84
unresolved
org
PT Semen Grobogan. Mortar Tiga Roda
p.84
unresolved
org
PT Pionirbeton Industri. Ready-mix
p.85
unresolved
org
PT Pionirbeton Industri. Agregat
p.85
unresolved
org
PT Tarabatuh Manunggal. Aggregate
p.85
unresolved
org
Petrus Bintoro Corp.
p.91
unresolved
person
Dr. Arvind Suryavanshi
p.91
unresolved
person
Monoarfa
· Komisaris
p.92
unresolved
person
Italia
· Komisaris Utama
p.92
unresolved
person
Italian
· President Commissioner
p.92 ×2
unresolved
org
Heidelberg Materials Asia Pte. Ltd.
p.93 ×3
unresolved
org
Heidelberg Materials Butra Sdn. Bhd.
p.93
unresolved
org
Zuari Cement Limited
p.93 ×4
unresolved
org
Materials Butra Sdn. Bhd.
p.93
unresolved
org
Alliance Construction Materials Limited
p.93 ×2
unresolved
org
HeidelbergCement India Limited
p.93 ×4
unresolved
org
Gulbarga Cement Limited
p.93 ×4
unresolved
org
China Century Cement Limited
p.93 ×2
unresolved
org
Cement Company Limited
p.93 ×4
unresolved
org
HeidelbergCement Holding Hong Kong Limited
p.93 ×2
unresolved
org
Squareal Cement Limited
p.93
unresolved
org
Cement Limited
p.93
unresolved
org
Guangzhou Heidelberg Yuexiu Enterprise Management Consulting Company Ltd.
p.93
unresolved
org
Management Consulting Company Ltd.
p.93
unresolved
org
Asia Cement Public Company Limited
p.93
unresolved
org
Jalaprathan Cement Public Company Limited
p.93
unresolved
org
First Pacific Company Ltd.
p.94 ×2
unresolved
org
PT Indoaluminium Intikarsa Industri
p.94 ×2
unresolved
org
PT Binara Guna Mediktama
p.94 ×2
unresolved
org
Yayasan Satya Harapan
p.94 ×2
unresolved
org
Kantor Akuntan Publik Hans
p.95
unresolved
org
PT Ariobimo Estate Perkasa
p.95 ×2
unresolved
org
PT Bayu Beringin Lestari
p.95 ×2
unresolved
org
PT Holdiko Perkasa
p.95 ×2
unresolved
org
PT Digital Integrasi Solusindo
p.95
unresolved
org
PT Digital Integrasi Solusindo Dasar Hukum Pengangkatan Legal
p.95
unresolved
org
Bank Polytechnic London
p.96
unresolved
org
Bank Polytechnic
p.96
unresolved
org
PT Bursa Efek Surabaya
p.96 ×2
unresolved
org
Perlindungan Konsumen Indonesia
p.96
unresolved
org
Pangan Nasional
p.96
unresolved
org
Indofood CBP Sukes Makmur Tbk.
p.96 ×4
unresolved
org
Pengarah Dewan Nasional Indonesia
p.96
unresolved
person
Belgian
· Commissioner
p.97
unresolved
org
HeidelbergCement Bangladesh Ltd.
p.97 ×2
unresolved
person
German
· Commissioner
p.98
unresolved
org
Menteri Perumahan Rakyat Republik Indonesia
p.99
unresolved
org
Minister of Public Housing
p.99
unresolved
org
Menteri Perencanaan Pembangunan Nasional
p.99
unresolved
org
Minister of National Development Planning
p.99
unresolved
org
Non-Eksekutif First Pacific Co. Ltd.
p.101
unresolved
org
First Pacific Co. Ltd.
p.101
unresolved
org
Fastfood Indonesia Tbk.
p.101 ×4
unresolved
person
Turkish
· Director
p.102
unresolved
org
PT Semen Grobogan Dasar Hukum Pengangkatan Legal Basis
p.102
unresolved
org
Indocement Prakarsa Tbk.
p.103 ×2
unresolved
org
Tunggal Prakarsa Tbk.
p.103
unresolved
org
Kantor Akuntan Publik Prasetio
p.104
unresolved
org
Indocement Tunggal
(2014–2016) | Prakarsa
p.104
unresolved
person
Danish
· Director
p.105
unresolved
org
PT Pama Indo Mining
p.105 ×3
unresolved
person
French
· Director
p.106
unresolved
—
Heidelberg Materials AG owns 53.40%
p.110 ×59
unresolved
org
which makes the company that is domiciled in
p.110
unresolved
—
German the main shareholder as well as
p.110
unresolved
org
controlling shareholder of the Company. Heidelberg
p.110
unresolved
org
materials and solutions manufacturers with
p.110
unresolved
org
ready-mix concrete. Heidelberg Materials AG
p.110
unresolved
—
countries.
p.110
unresolved
org
Rianto & Rekan
p.121 ×4
unresolved
org
Kantor Akuntan Publik Rintis
p.121
unresolved
person
Lukmanul Arsyad
p.121
unresolved
org
Bapepam-LK
p.185 ×4
unresolved
org
Transaction HM Trading Global APAC Pte. Ltd.
p.186
unresolved
org
HM Trading Global GmbH
p.186
unresolved
org
PT Bhakti Sari Perkasa Bersama
p.186
unresolved
org
PT Jaya Berdikari Cipta
p.186
unresolved
org
Dana Pensiun Karyawan Indocement Dana Pensiun
p.186
unresolved
org
Financial Services Authority
p.199 ×3
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